Application provisions are not included in the consolidated text; see relevant amending Acts. Current to January 22, 2025 NOTE Loi de l’impôt sur le revenu
An Act respecting income taxes An Act respecting income taxes OFFICIAL STATUS OF CONSOLIDATIONS LAYOUT NOTE CARACTÈRE OFFICIEL DES CODIFICATIONS Les paragraphes 31(1) et (2) de la Loi sur la révision et la codification des textes législatifs, en vigueur le 1er juin 2009, prévoient ce qui suit : Codifications comme élément de preuve 31 (1) Tout exemplaire d’une loi codifiée ou d’un règlement codifié, publié par le ministre en vertu de la présente loi sur support papier ou sur support électronique, fait foi de cette loi ou de ce règlement et de son contenu. Tout exemplaire donné comme publié par le ministre est réputé avoir été ainsi publié, sauf preuve contraire. Incompatibilité — lois (2) Les dispositions de la loi d’origine avec ses modifications subséquentes par le greffier des Parlements en vertu de la Loi sur la publication des lois l’emportent sur les dispositions incompatibles de la loi codifiée publiée par le ministre en vertu de la présente loi. MISE EN PAGE Les notes apparaissant auparavant dans les marges de droite ou de gauche se retrouvent maintenant en caractères gras juste au-dessus de la disposition à laquelle elles se rattachent. Elles ne font pas partie du texte, n’y figurant qu’à titre de repère ou d’information. NOTE Cette codification est à jour au 22 janvier 2025. Les dernières modifications sont entrées en vigueur le 1er janvier 2025. Toutes modifications qui n’étaient pas en vigueur au 22 janvier 2025 sont énoncées à la fin de ce document sous le titre « Modifications non en vigueur ».
2 Tax payable by persons resident in Canada 3 Income for taxation year 4 Income or loss from a source or from sources in a place Income or Loss from an Office or Employment 5 Income from office or employment 6 Amounts to be included as income from office or employment 7 Agreement to issue securities to employees Income or Loss from a Business or Property 10.1 Mark-to-market election 12.2 Amount to be included 12.7 Hybrid mismatch arrangements — definitions 15 Benefit conferred on shareholder 16 Income and capital combined 17 Amount owing by non-resident 17.1 Deemed interest income — sections 15 and 212.3 18.2 Group ratio — definitions 18.4 Hybrid mismatch arrangements — definitions 19 Limitation re advertising expense — newspapers 19.1 Limitation re advertising expense on broadcasting undertaking 20 Deductions permitted in computing income from business or property 20.1 Borrowed money used to earn income from property 22 Ceasing to carry on business 22 Sale of accounts receivable 25 Fiscal period of business disposed of by individual 26 Banks — inclusions in income 27 Application of Part I to Crown corporation 28 Farming or fishing business 30 Improving land for farming 32 Insurance agents and brokers 32.1 Employee benefit plan deductions 34.1 Additional Business Income 35 Prospectors and grubstakers 37 Scientific research and experimental development Taxable Capital Gains and Allowable Capital Losses 38.1 Tax-deferred transaction — flow-through shares 40 General rules 41 Taxable net gain from disposition of listed personal property 43 General rule for part dispositions 45 Property with more than one use 48.1 Gain when small business corporation becomes public 50 Debts established to be bad debts and shares of bankrupt corporation 52 Cost of certain property the value of which included in income 54.1 Exception to principal residence rules 54.2 Certain shares deemed to be capital property Other Sources of Income 56 Amounts to be included in income for year 56.1 Support 56.2 Reserve claimed for debt forgiveness 56.3 Reserve claimed for debt forgiveness Restrictive Covenants 57 Certain superannuation or pension benefits 58 Government annuities and like annuities 59 Consideration for foreign resource property Deductions in Computing Income 60 Other deductions 60.03 Definitions 60.1 Support 61 Payment made as consideration for income-averaging annuity 61.1 Where income-averaging annuity contract ceases to be such 61.2 Reserve for debt forgiveness for resident individuals 61.3 Deduction for insolvency with respect to resident corporations 61.4 Reserve for debt forgiveness for corporations and others 62 Moving expenses 63 Child care expenses 64 Disability supports deduction 64.01 COVID-19 – disability supports deduction 64.1 Individuals absent from Canada 65 Allowance for oil or gas well, mine or timber limit 66 Exploration and development expenses of principal-business corporations 66.1 Amount to be included in income 66.2 Amount to be included in income 66.3 Exploration and development shares 66.5 Deduction from income 66.6 Acquisition from tax-exempt 66.7 Successor of Canadian exploration and development expenses 66.8 Resource expenses of limited partner 67 General limitation re expenses 67.1 Expenses for food, etc. 67.2 Interest on money borrowed for certain vehicles 67.3 Limitation re cost of leasing passenger vehicle 67.4 More than one owner or lessee 67.41 More than one owner 67.5 Non-deductibility of illegal payments 67.6 Non-deductibility of fines and penalties 68 Allocation of amounts in consideration for property, services or restrictive covenants 69 Inadequate considerations 72 Reserves, etc., for year of death 73 Inter vivos transfers by individuals 74.1 Transfers and loans to spouse or common-law partner 74.2 Gain or loss deemed that of lender or transferor 74.3 Transfers or loans to a trust 74.5 Transfers for fair market consideration 75.1 Gain or loss deemed that of transferor 75.2 Rules applicable with respect to “qualifying trust annuity” 76 Security in satisfaction of income debt 76.1 Non-resident moving debt from Canadian business 78 Unpaid amounts 80.1 Expropriation assets acquired as compensation for, or as consideration for sale of, foreign property taken by or sold to foreign issuer 80.5 Deemed interest Amounts Not Included in Computing Income 81 Amounts not included in income Corporations Resident in Canada and their Shareholders 82 Taxable dividends received 83 Qualifying dividends 84.2 Computation of paid-up capital in respect of particular class of shares 85 Transfer of property to corporation by shareholders 85.1 Share for share exchange 86 Exchange of shares by a shareholder in course of reorganization of capital 86.1 Eligible distribution not included in income Shareholders of Corporations Not Resident in Canada 90 Dividend from non-resident corporation 91 Amounts to be included in respect of share of foreign affiliate 92 Adjusted cost base of share of foreign affiliate 93.1 Shares held by partnership 94.2 Investments in non-resident commercial trusts 95 Definitions for this Subdivision Partnerships and their Members 96 General Rules 97 Contribution of property to partnership 98.1 Residual interest in partnership 98.2 Transfer of interest on death 99 Fiscal period of terminated partnership 100 Disposition of interest in partnership 101 Disposition of farmland by partnership 102 Definition of Canadian partnership 103 Agreement to share income, etc., so as to reduce or postpone tax otherwise payable Trusts and their Beneficiaries 104 Reference to trust or estate 105 Benefits under trust 106 Income interest in trust 107 Disposition by taxpayer of capital interest 107.1 Distribution by certain employment-related trusts 107.2 Distribution by a retirement compensation arrangement 107.3 Treatment of beneficiaries under qualifying environmental trusts 107.4 Qualifying disposition 110.5 Additions for foreign tax deductions 110.61 Capital gains deduction for qualifying business transfer – conditions 110.7 Residing in prescribed zone 111.1 Order of applying provisions 112 Deduction of taxable dividends received by corporation resident in Canada 113 Deduction in respect of dividend received from foreign affiliate 114 Individual resident in Canada for only part of year Taxable Income Earned in Canada by Non-Residents 115 Non-resident's taxable income in Canada 115.1 Competent authority agreements Non-Residents with Canadian Investment Service Providers 116 Disposition by non-resident person of certain property 117 Tax payable under this Part Annual Adjustment of Deductions and Other Amounts 118.06 Definition of eligible volunteer firefighting services 118.2 Medical expense credit 118.5 Tuition credit 118.61 Unused tuition, textbook and education tax credits 118.62 Credit for interest on student loan 118.8 Transfer of unused credits to spouse or common-law partner 118.81 Tuition tax credit transferred 118.94 Tax payable by non-residents (credits restricted) 119 Former resident — credit for tax paid 120 Income not earned in a province 120.3 CPP/QPP disability benefits for previous years Tax on Split Income 121 Deduction for taxable dividends 122 Tax payable by trust 122.3 Overseas employment tax credit 122.61 Deemed overpayment 122.63 Agreement 122.71 Modification for purposes of provincial program Climate Action Incentive School Supplies Tax Credit 122.63 Accord Canada Training Credit 122.91 Claimed amount Multigenerational Home Renovation Tax Credit Rules Applicable to Corporations 123 Rate for corporations 123.3 Refundable tax — CCPC or substantive CCPC 123.5 Tax on personal services business income Additional Tax on Banks and Life Insurers 124 Deduction from corporation tax 125 Small business deduction 125.1 Manufacturing and processing profits deductions 125.3 Deduction of Part I.3 tax 126 Foreign tax deduction 127 Logging tax deduction 127.1 Refundable investment tax credit 127.2 Share-purchase tax credit 127.3 Scientific research and experimental development tax credit 127.41 Part XII.4 tax credit 127.5 Obligation to pay minimum tax 127.52 Adjusted taxable income determined 127.531 Basic minimum tax credit determined Special Rules Applicable in Certain Circumstances Changes in Residence 128.1 Immigration 128.3 Former resident — replaced shares Private Corporations 129 Dividend refund to private corporation Investment Corporations 130 Deduction from tax Mortgage Investment Corporations 130.1 Deduction from tax Mutual Fund Corporations 128.1 Immigration 132 Capital gains refund to mutual fund trust 132.1 Amounts designated by mutual fund trust 132.2 Definitions re qualifying exchange of mutual funds Non-Resident-Owned Investment Corporations 134 Non-resident-owned corporation not a Canadian corporation, etc. 134.2 Revocation 135 Deduction in computing income Continuance of the Canadian Wheat Board Cooperative Corporations 136 Cooperative not private corporation Credit Unions, Savings and Credit Unions and Deposit Insurance Corporations 137 Payments pursuant to allocations in proportion to borrowing 137.1 Amounts included in income of deposit insurance corporation 137.2 Computation of income for 1975 and subsequent years Insurance Corporations 138 Insurance corporations 138.1 Rules relating to segregated funds 138.2 Qualifying transfer of funds 139 Conversion of insurance corporations into mutual corporations Demutualization of Insurance Corporations 139.2 Mutual holding corporations 140 Deductions in computing income 141.1 Deemed not to be a private corporation Income from Specified Debt Obligations 142.3 Amounts to be included and deducted 142.5 Income treatment for profits and losses Additional Rules 142.6 Becoming or ceasing to be a financial institution Conversion of Foreign Bank Affiliate to Branch Cost of Tax Shelter Investments and Limited-recourse Debt in Respect of Gifting Arrangements Deferred and Other Special Income Arrangements Employees Profit Sharing Plans Employee Life and Health Trust Registered Supplementary Unemployment Benefit Plans Registered Retirement Income Funds Registered Disability Savings Plan Pooled Registered Pension Plans 148 Amounts included in computing policyholder’s income Returns, Assessments, Payment and Appeals 150.1 Definition of electronic filing Assessment 152 Assessment 154 Agreements providing for tax transfer payments 155 Farmers and fishermen 156 Other individuals 157 Payment by corporation 157.1 Instalment deferral for January, February and March 2002 - definitions 159 Person acting for another 160.2 Joint and several liability in respect of amounts received out of or under RRSP 160.21 Joint and several liability — registered disability savings plan 160.3 Liability in respect of amounts received out of or under RCA trust 160.4 Liability in respect of transfers by insolvent corporations 161 General Offset of Refund Interest and Arrears Interest 161.2 Period where interest not payable Small Amounts Owing 161.3 Interest and penalty amounts of $25 or less Penalties 163 Repeated failure to report income Misrepresentation of a Tax Matter by a Third Party Objections to Assessments 165 Objections to assessment General 166.1 Extension of time by Minister 166.2 Extension of time by Tax Court 167 Extension of time to appeal Revocation of Registration of Certain Organizations and Associations Designation of Qualified Canadian Journalism Organizations 168.1 Date of designation Appeals to the Tax Court of Canada and the Federal Court of Appeal Opposition to Assessments 170 Notice to Deputy Minister 172 Appeal from refusal to register, revocation of registration, etc. 173 References to Tax Court of Canada 179 Hearings in camera 179.1 No reasonable grounds for appeal 180 Appeals to Federal Court of Appeal Tax in Respect of Stock Option Benefit Deferral 180.01 Election — special tax and relief for deferral of stock option benefits Tax on Old Age Security Benefits Tax on Large Corporations 181.2 Taxable capital employed in Canada 181.3 Taxable capital employed in Canada of financial institution 181.4 Taxable capital employed in Canada of non-resident Tax on Corporate Distributions Additional Tax on Excessive Elections 184 Tax on excessive elections 185 Assessment of tax Additional Tax on Excessive Eligible Dividend Designations 185.1 Tax on excessive eligible dividend designations Tax on Taxable Dividends Received by Private Corporations Taxes on Dividends on Certain Preferred Shares Received by Corporations 187.1 Definition of excepted dividend 187.2 Tax on dividends on taxable preferred shares 187.3 Tax on dividends on taxable RFI shares Tax and Penalties in Respect of Qualified Donees 188 Deemed year-end on notice of revocation 188.1 Penalty — carrying on business 188.2 Notice of suspension with assessment 189 Tax regarding non-qualified investment 190.11 Taxable capital employed in Canada 190.14 Investment in related institutions Tax on Corporations Paying Dividends on Taxable Preferred Shares 191.1 Tax on taxable dividends 191.3 Agreement respecting liability for tax Refundable Tax on Corporations Issuing Qualifying Shares 192 Corporation to pay tax Refundable Tax on Corporations in Respect of Scientific Research and Experimental Development Tax Credit 194 Corporation to pay tax Tax on Deduction Under Section 66.5 196 Tax in respect of cumulative offset account Tax on Sift Partnerships Taxes on Deferred Profit Sharing Plans and Revoked Plans 198 Tax on non-qualified investments and use of assets as security 199 Tax on initial non-qualified investments not disposed of 202 Returns and payment of estimated tax 203 Application to other taxes Tax in Respect of Over-contributions to Deferred Income Plans 204.1 Tax payable by individuals 204.2 Definition of excess amount for a year in respect of registered retirement savings plans 204.3 Return and payment of tax Tax in Respect of Registered Investments 204.5 Publication 204.7 Return and payment of tax Labour-sponsored Venture Capital Corporations 204.81 Conditions for registration 204.82 Recovery of credit 204.841 Penalty tax where venture capital business discontinued 204.86 Return and payment of tax for federally-registered LSVCCs Tax in Respect of Overpayments to Registered Education Savings Plans 204.91 Tax payable by subscribers 204.92 Return and payment of tax Tax in Respect of Advanced Life Deferred Annuity 206 Return and payment of tax Taxes in Respect of Registered Plans 207.02 Tax payable on excess TFSA amount 207.021 Tax payable on excess FHSA amount 207.022 Survivor as successor holder 207.04 Tax payable on prohibited or non-qualified investment 207.05 Tax payable in respect of advantage 207.062 Special limit on tax payable 207.07 Return and payment of tax Tax in Respect of Deferred Income Plans and Other Tax Exempt Persons 207.2 Return and payment of tax 207.3 Tax Payable by institution or public authority 207.4 Return and payment of tax 207.6 Creation of trust 207.61 Tax payable on prohibited investment 207.62 Tax payable in respect of advantage 207.63 Joint liability 207.64 Waiver of tax payable 207.65 Deemed distribution Tax on Excess EPSP Amounts 207.8 Excess EPSP amount Tax in Respect of Employee Life and Health Trust 207.062 Restriction Tax in Respect of Certain Royalties, Taxes, Lease Rentals, Etc., Paid to a Government by a Tax Exempt Person Tax on Carved-out Income Tax on Designated Income of Certain Trusts 210.2 Tax on income of trust 210.3 Where no designated beneficiaries Tax on Investment Income of Life Insurers 211.4 Payment of remainder of tax Tax on Qualifying Environmental Trusts Recovery of Labour-sponsored Funds Tax Credit 211.81 Tax for failure to reacquire certain shares Tax on Flow-through Shares 211.91 Tax imposed Carbon Capture, Utilization and Storage 211.93 Reporting requirements 211.95 Records and books Tax on Income from Canada of Non-resident Persons 212.1 Non-arm’s length sales of shares by non-residents 212.3 Foreign affiliate dumping — conditions for application 213 Tax non-payable by non-resident person 215 Withholding and remittance of tax 216 Alternatives re rents and timber royalties 216.1 Alternative re: acting services 217 Alternative re Canadian benefits Additional Tax on Authorized Foreign Banks 218.2 Branch interest tax Non-resident Investors in Canadian Mutual Funds Additional Tax on Non-resident Corporations 219 Additional tax 219.1 Corporate emigration 219.2 Limitation on rate of branch tax 219.3 Effect of tax treaty Administration and Enforcement 221 Regulations 221.1 Application of interest 222.1 Court costs 223 Definition of amount payable 224 Garnishment 224.1 Recovery by deduction or set-off 224.3 Payment of moneys seized from tax debtor 225.2 Definition of judge 226 Taxpayer leaving Canada 227.1 Liability of directors for failure to deduct 228 Applying payments under collection agreements General 230 Records and books 230.1 Records re monetary contributions - Canada Elections Act 231.31 Warrant under Criminal Code 231.6 Definition of foreign-based information or document 233.4 Reporting entity 233.6 Returns respecting distributions from non-resident trusts 233.8 Country-by-country report — definitions 234 Ownership certificates 235 Penalty for failing to file corporate returns 236 Execution of documents by corporations Offences and Punishment 238 Offences and punishment 239 Other offences and punishment 240 Definition of taxable obligation and non-taxable obligation 242 Officers, etc., of corporations 243 Power to decrease punishment 244 Procedure and Evidence Reporting of Electronic Funds Transfer 244.7 Record keeping 246 Benefit conferred on a person Transfer Pricing 249 Definition of taxation year 250 Person deemed resident 250.1 Non-resident person's taxation year and income 251.1 Definition of affiliated persons 252 Extended meaning of child 252.1 Union employer 253 Extended meaning of carrying on business 253.1 Investments in limited partnerships 254 Contract under pension plan 256 Associated corporations 257 Negative amounts 258 Deemed dividend on term preferred share 259 Proportional holdings in trust property Enhanced International Information Reporting 264 Designation of account 265 Identification obligation — financial accounts 266 Reporting — U.S. reportable accounts 267 Record keeping 268 Anti-avoidance Common Reporting Standard 271 General reporting requirements 272 General due diligence rules 273 Due diligence for preexisting individual accounts 278 Reporting 279 Record keeping 280 Anti-avoidance Reporting Rules for Digital Platform Operators 287 Rented immovable property 290 Due diligence by third parties 291 Reporting to Minister 292 Information reported 294 Record keeping 295 Anti-avoidance TABLE OF PROVISIONS Short Title 1 Short Title PART I Income Tax DIVISION A DIVISION B Computation of Income Basic Rules SUBDIVISION A Basic Rules Inclusions Deductions 8 Deductions allowed SUBDIVISION B Basic Rules 9 Income 10 Valuation of inventory 11 Proprietor of business TABLE ANALYTIQUE Loi concernant les impôts sur le revenu Titre abrégé 1 Titre abrégé PARTIE I Impôt sur le revenu SECTION A Assujettissement à l’impôt 2 Impôt payable par les personnes résidant au Canada SECTION B Calcul du revenu Règles fondamentales 3 Revenu pour l’année d’imposition 4 Revenu ou perte provenant d’une source déterminée ou de sources situées dans un endroit déterminé SOUS-SECTION A Revenu ou perte provenant d’une charge ou d’un emploi Règles fondamentales 5 Revenu tiré d’une charge ou d’un emploi Éléments à inclure 6 Éléments à inclure au titre de revenu tiré d’une charge ou d’un emploi 7 Émission de titres en faveur d’employés Déductions 8 Éléments déductibles SOUS-SECTION B Revenu ou perte provenant d’une entreprise ou d’un bien Règles fondamentales 9 Revenu 10 Évaluation des biens figurant à l’inventaire 10.1 Évaluation à la valeur du marché — choix 11 Propriétaire d’une entreprise Income Tax TABLE OF PROVISIONS Inclusions 12 Income inclusions 12.1 Cash bonus on Canada Savings Bonds 12.4 Bad debt inclusion 12.5 Definitions 12.6 Definitions 13 Recaptured depreciation 16.1 Leasing properties Deductions 18 General limitations 18.1 Definitions 18.3 Definitions 19.01 Definitions 20.01 PHSP premiums 20.2 Interest — authorized foreign bank — interpretation 20.3 Weak currency debt — interpretation 20.4 Definitions 21 Cost of borrowed money 24 Sale of inventory Special Cases Impôt sur le revenu TABLE ANALYTIQUE Éléments à inclure 12 Sommes à inclure dans le revenu 12.1 Primes en argent comptant sur les obligations d’épargne du Canada 12.2 Montant à inclure dans le revenu 12.4 Inclusion des créances irrécouvrables 12.5 Définitions 12.6 Définitions 12.7 Dispositifs hybrides — définitions 13 Récupération de l’amortissement 15 Avantages aux actionnaires 16 Revenu et capital réunis 16.1 Biens de location 17 Somme due par un non-résident 17.1 Revenu d’intérêts réputé — articles 15 et 212.3 Déductions 18 Exceptions d’ordre général 18.1 Définitions 18.2 Ratio de groupe — définitions 18.3 Définitions 18.4 Dispositifs hybrides — définitions 19 Restriction — frais de publicité — journaux 19.01 Définitions 19.1 Limitation des frais de publicité des entreprises de radiodiffusion 20 Déductions admises dans le calcul du revenu tiré d’une entreprise ou d’un bien 20.01 Primes versées à un régime privé d’assurance-maladie 20.1 Argent emprunté pour tirer un revenu d’un bien 20.2 Intérêts — banque étrangère autorisée — définitions 20.3 Dette en devise faible — définition 20.4 Définitions 21 Coût des emprunts 22 Cessation de l’exploitation d’une entreprise 22 Vente de créances 24 Vente de biens à porter à l’inventaire 25 Exercice d’une entreprise dont il a été disposé Cas spéciaux 26 Banques — éléments à inclure dans le revenu Income Tax TABLE OF PROVISIONS 27.1 Emissions allowances 29 Disposition of animal of basic herd class 31 Restricted farm loss 34.2 Definitions 34.3 Definitions SUBDIVISION C 38 Taxable capital gain and allowable capital loss 38.2 Allocation of gain re certain gifts 39 Meaning of capital gain and capital loss 39.1 Definitions 42 Dispositions subject to warranty 43.1 Life estates in real property 44 Exchanges of property 44.1 Definitions 46 Personal-use property 47 Identical properties 47.1 Indexed Security Investment Plans --- Impôt sur le revenu TABLE ANALYTIQUE 27 Application de la partie I aux sociétés d’État 27.1 Droits d’émissions 28 Entreprise agricole ou de pêche 29 Disposition d’un animal appartenant à une catégorie de troupeau de base 30 Défrichement, nivellement et installation d’un système de drainage 31 Perte agricole restreinte 32 Agents ou courtiers d’assurance 32.1 Déductions relatives à un régime de prestations aux employés 34.1 Revenu d’entreprise supplémentaire 34.2 Définitions 34.3 Définitions 35 Prospecteurs et commanditaires en prospection 37 Activités de recherche scientifique et de développement expérimental SOUS-SECTION C Gains en capital imposables et pertes en capital déductibles 38 Sens de gain en capital imposable et de perte en capital déductible 38.1 Opération à imposition différée — actions accréditives 38.2 Attribution du gain provenant de certains dons 39 Sens de gain en capital et de perte en capital 39.1 Définitions 40 Règles générales 41 Sens de gain net imposable tiré de la disposition de biens meubles déterminés 42 Disposition avec garantie 43 Disposition partielle d’un bien — règle générale 43.1 Domaine viager sur un bien réel 44 Échanges de biens 44.1 Définitions 45 Bien affecté à plus d’un usage 46 Bien à usage personnel 47 Biens identiques 47.1 Régimes de placements en titres indexés 48.1 Gain lorsqu’une société exploitant une petite entreprise devient une société publique 49 Granting of options 49.1 No disposition where obligation satisfied 51 Convertible property 51.1 Conversion of debt obligation 53 Adjustments to cost base 54 Definitions 55 Definitions SUBDIVISION D 56.4 Definitions 59.1 Involuntary disposition of resource property SUBDIVISION E 60.01 Eligible amount 60.011 Meaning of lifetime benefit trust 60.02 Definitions 60.021 Additions to clause 60(l)(v)(B.2) for 2008 60.022 Additions to clause 60(l)(v)(B.2) for 2015 60.2 Refund of undeducted past service AVCs 66.21 Definitions 66.4 Recovery of costs SUBDIVISION F Rules Relating to Computation of Income 67.7 Definitions 70 Death of a taxpayer 74.4 Definitions 75 Trusts 79 Definitions 79.1 Definitions 80 Definitions 80.01 Definitions 80.02 Definitions 80.03 Definitions 80.04 Definitions 80.2 Application 80.3 Definitions 80.4 Loans 80.6 Synthetic disposition SUBDIVISION G SUBDIVISION H 84 Deemed dividend 84.1 Non-arm’s length sale of shares 72 Provisions, etc. pour l’année du décès 73 Transfert de biens entre vifs par un particulier 74.1 Transfert ou prêt à l’époux ou au conjoint de fait 74.2 Gain ou perte réputés du prêteur ou de l’auteur du transfert 74.3 Transfert ou prêt à une fiducie 74.4 Définitions 74.5 Transfert avec contrepartie à la juste valeur marchande 75 Fiducies 75.1 Gain ou perte présumés pour l’auteur du transfert 75.2 Règles applicables aux rentes admissibles de fiducie 76 Titres en acquittement de dette 76.1 Retrait d’une dette d’une entreprise canadienne par un non-résident 78 Sommes impayées 79 Définitions 79.1 Définitions 80 Définitions 80.01 Définitions 80.02 Définitions 80.03 Définitions 80.04 Définitions 80.1 Contre-valeurs de biens expropriés acquises en compensation ou en contrepartie de la vente de biens étrangers pris ou achetés par l’émetteur étranger 80.2 Application 80.3 Définitions 80.4 Prêts 80.5 Intérêts réputés 80.6 Disposition factice SOUS-SECTION G Sommes exclues du calcul du revenu 81 Sommes à exclure du revenu SOUS-SECTION H Les sociétés résidant au Canada et leurs actionnaires 82 Dividendes imposables reçus 83 Dividendes admissibles 84 Dividende réputé versé et reçu 84.1 Vente d’actions en cas de lien de dépendance Foreign Spin-offs 87 Amalgamations 88 Winding-up 88.1 Application 89 Definitions SUBDIVISION I 93 Election re disposition of share of foreign affiliate 93.2 Definitions 93.3 Definition of specified trust 94 Definitions 94.1 Offshore investment fund property SUBDIVISION J 98 Disposition of partnership property Income Tax TABLE OF PROVISIONS SUBDIVISION K 108 Definitions DIVISION C Computation of Taxable Income 110 Definitions 110.1 Deduction for gifts Lump-sum Payments 110.2 Definitions 110.6 Definitions 111 Losses deductible 114.2 Deductions in separate returns Income Tax TABLE OF PROVISIONS DIVISION D 115.2 Definitions DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals 117.1 Annual adjustment 118 Personal credits 118.01 Definitions 118.02 Definitions 118.04 Definitions 118.041 Definitions 118.05 Definitions 118.07 Definitions 118.1 Definitions 118.3 Credit for mental or physical impairment 118.4 Nature of impairment 118.6 Definitions 118.7 Credit for EI and QPP premiums and CPP contributions 118.9 Transfer to parent or grandparent Impôt sur le revenu TABLE ANALYTIQUE SECTION D Revenu imposable gagné au Canada par des non-résidents 115 Revenu imposable au Canada des non-résidents 115.1 Conventions entre autorités compétentes Non-résidents et fournisseurs de services de placement canadiens 115.2 Définitions 116 Disposition par une personne non-résidente SECTION E Calcul de l’impôt SOUS-SECTION A Règles applicables aux particuliers 117 Impôt payable en vertu de la présente partie Rajustement annuel des déductions et autres sommes 117.1 Ajustement annuel 118 Crédits d’impôt personnels 118.01 Définitions 118.02 Définitions 118.04 Définitions 118.041 Définitions 118.05 Définitions 118.06 Définition de services admissibles de pompier volontaire 118.07 Définitions 118.1 Définitions 118.2 Crédit d’impôt pour frais médicaux 118.3 Crédit d’impôt pour déficience mentale ou physique 118.4 Déficience grave et prolongée 118.5 Crédit d’impôt pour frais de scolarité 118.6 Définitions 118.61 Crédits d’impôt inutilisés pour études, frais de scolarité et manuels 118.62 Crédit pour intérêts sur les prêts aux étudiants 118.7 Crédit pour cotisations à l’AE, au RRQ et au RPC 118.8 Transfert à l’époux ou au conjoint de fait de certains crédits d’impôt inutilisés 118.81 Transfert du crédit d’impôt pour frais de scolarité 118.9 Transfert à l’un des parents ou grands-parents 118.91 Part-year residents 118.92 Ordering of credits 118.93 Credits in separate returns 118.95 Credits in year of bankruptcy 120.2 Minimum tax carry-over Lump-sum Payments 120.31 Definitions 120.4 Definitions 122.1 Definitions 122.5 Definitions 122.51 Definitions SUBDIVISION A.1 Canada Child Benefit 122.6 Definitions 122.62 Eligible individuals SUBDIVISION A.2 Canada Workers Benefit 122.7 Definitions 122.72 Advance payment SUBDIVISION A.3 122.8 Definitions SUBDIVISION A.4 122.9 Definitions 118.91 Particulier résidant au Canada pendant une partie de l’année seulement 118.92 Ordre d’application des crédits 118.93 Crédits dans des déclarations de revenu distinctes 118.94 Impôt payable par les non-résidents 118.95 Crédits au cours de l’année de la faillite 119 Ancien résident — crédit pour impôt payé 120 Revenu non gagné dans une province 120.2 Report de l’impôt minimum 120.3 Prestations d’invalidité du RPC/RRQ pour années antérieures Paiements forfaitaires 120.31 Définitions Impôt sur le revenu fractionné 120.4 Définitions 121 Déduction pour dividendes imposables 122 Impôt payable par une fiducie 122.1 Définitions 122.3 Crédit d’impôt pour emploi à l’étranger 122.5 Définitions 122.51 Définitions SOUS-SECTION A.1 Allocation canadienne pour enfants 122.6 Définitions 122.61 Paiement en trop réputé 122.62 Particuliers admissibles SOUS-SECTION A.2 Allocation canadienne pour les travailleurs 122.7 Définitions 122.71 Programme provincial 122.72 Paiement anticipé SOUS-SECTION A.3 Incitatif à agir pour le climat 122.8 Définitions SOUS-SECTION A.4 Crédit d’impôt pour fournitures scolaires 122.9 Définitions SUBDIVISION A.5 SUBDIVISION A.6 122.92 Definitions SUBDIVISION B 123.1 Corporation surtax Corporation Tax Reductions 123.4 Definitions 123.6 Definition 125.2 Definitions 125.21 Part XIII tax — eligible bank affiliate Canadian Film or Video Production Tax Credit 125.4 Definitions Film or Video Production Services Tax Credit 125.5 Definitions 125.6 Definitions 125.7 Definitions SUBDIVISION C Rules Applicable to all Taxpayers SOUS-SECTION A.5 Crédit canadien pour la formation 122.91 Montant demandé SOUS-SECTION A.6 Crédit d’impôt pour la rénovation d’habitations multigénérationnelles 122.92 Définitions SOUS-SECTION B Règles applicables aux sociétés 123 Taux afférents aux sociétés 123.1 Surtaxe des sociétés 123.3 Impôt remboursable — SPCC ou SPCC en substance Réductions de l’impôt des sociétés 123.4 Définitions 123.5 Entreprise de prestation de services personnels — impôt Impôt supplémentaire pour les banques et les assureurs-vie 123.6 Définition 124 Déduction de l’impôt des sociétés 125 Déduction accordée aux petites entreprises 125.1 Déductions pour bénéfices de fabrication et de transformation 125.2 Définitions 125.21 Impôt de la partie XIII — filiale bancaire admissible 125.3 Déduction de l’impôt de la partie I.3 Crédit d’impôt pour production cinématographique ou magnétoscopique canadienne 125.4 Définitions Crédit d’impôt pour services de production cinématographique ou magnétoscopique 125.5 Définitions 125.6 Définitions 125.7 Définitions SOUS-SECTION C Règles applicables à tous les contribuables 126 Déduction pour impôt étranger 127 Déduction relative à l’impôt sur les opérations forestières 127.1 Crédit d’impôt à l’investissement remboursable 127.2 Crédit d’impôt à l’achat d’actions 127.4 Definitions 127.42 Definitions 127.421 Definitions 127.43 Definitions 127.44 Definitions 127.45 Definitions 127.46 Definitions 127.47 Definitions 127.48 Definitions 127.49 Definitions DIVISION E.1 Minimum Tax 127.51 Minimum amount determined 127.54 Definitions 127.55 Application of s. 127.5 DIVISION F Bankruptcies 128 Where corporation bankrupt 128.2 Cross-border mergers 131 Election re capital gains dividend 127.3 Crédit d’impôt pour des activités de recherche scientifique et de développement expérimental 127.4 Définitions 127.41 Crédit d’impôt de la partie XII.4 127.42 Définitions 127.421 Définitions 127.43 Définitions 127.44 Définitions 127.45 Définitions 127.46 Définitions 127.47 Définitions 127.48 Définitions 127.49 Définitions SECTION E.1 Impôt minimum 127.5 Assujettissement à l’impôt minimum 127.51 Taux de l’impôt minimum 127.52 Revenu imposable modifié 127.531 Crédit d’impôt minimum de base 127.54 Définitions applicables au crédit spécial pour impôts étrangers 127.55 Impôt minimum inapplicable SECTION F Règles spéciales applicables en certains cas Faillites 128 Faillite d’une société Chan
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S.C. 1952, c. 148, s. 1. Liability for Tax Tax payable by persons resident in Canada
The taxable income of a taxpayer for a taxation year is the taxpayer’s income for the year plus the additions and minus the deductions permitted by Division C. Tax payable by non-resident persons
soit disposé d’un bien canadien imposable. [NOTE: Les dispositions d'application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1970-71-72, ch. 63, art. 1 "2"; 1984, ch. 1, art. 1; 1985, ch. 45, art. 1.
Where a person who is not taxable under subsection 2(1) for a taxation year (a) was employed in Canada, (b) carried on a business in Canada, or (c) disposed of a taxable Canadian property, at any time in the year or a previous year, an income tax shall be paid, as required by this Act, on the person’s DIVISION A Liability for Tax taxable income earned in Canada for the year determined in accordance with Division D. Income for taxation year
Calcul du revenu Règles fondamentales Revenu pour l'année d'imposition 3 Pour déterminer le revenu d’un contribuable pour une année d’imposition, pour l’application de la présente partie, les calculs suivants sont à effectuer : a) le calcul du total des sommes qui constituent chacune le revenu du contribuable pour l’année (autre qu’un gain en capital imposable résultant de la disposition d’un bien) dont la source se situe au Canada ou à l’étranger, y compris, sans que soit limitée la portée générale de ce qui précède, le revenu tiré de chaque charge, emploi, entreprise et bien; b) le calcul de l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii): (i) le total des montants suivants : (A) ses gains en capital imposables pour l’année tirés de la disposition de biens, autres que des biens meubles déterminés, (B) son gain net imposable pour l’année tiré de la disposition de biens meubles déterminés, (ii) l’excédent éventuel de ses pertes en capital déductibles pour l’année, résultant de la disposition de biens autres que des biens meubles déterminés sur les pertes déductibles au titre de placements d’entreprise pour l’année, subies par le contribuable; c) le calcul de l’excédent éventuel du total établi selon l’alinéa a) plus le montant établi selon l’alinéa b) sur le total des déductions permises par la sous-section E dans le calcul du revenu du contribuable pour l’année (sauf dans la mesure où il a été tenu compte de ces déductions dans le calcul du total visé à l’alinéa a)); d) le calcul de l’excédent éventuel de l’excédent calculé selon l’alinéa c) sur le total des pertes subies par le contribuable pour l’année qui résultent d’une charge, d’un emploi, d’une entreprise ou d’un bien et des [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 3; 1994, c. 7, Sch. II, s. 1. pertes déductibles au titre d’un placement d’entreprise subies par le contribuable pour l’année; Pour l’application de la présente partie, les règles suivantes s’appliquent : e) si un montant est calculé selon l’alinéa d) à l’égard du contribuable pour l’année, le revenu du contribuable pour l’année correspond à ce montant; f) sinon, le revenu du contribuable pour l’année est réputé égal à zéro. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 3; 1994, ch. 7, ann. II, art. 1. Revenu ou perte provenant d’une source déterminée ou de sources situées dans un endroit déterminé 4 (1) Les règles suivantes s’appliquent à la présente loi : a) le revenu ou la perte d’un contribuable pour une année d’imposition provenant d’une charge, d’un emploi, d’une entreprise, de biens ou d’une autre source, ou de sources situées dans un endroit déterminé, est le revenu ou la perte du contribuable pour l’année d’imposition provenant de cette source ou de ces sources, selon le cas, calculés conformément à la présente loi, à supposer qu’il n’ait eu durant l’année d’imposition aucun revenu ni perte, sauf ce qui provenait de cette source ou de ces sources, selon le cas, et qu’il n’ait eu droit à aucune déduction dans le calcul de son revenu pour l’année d’imposition à l’exception des déductions qu’il est raisonnable de considérer comme entièrement applicables à cette source ou à ces sources, selon le cas, et à l’exception de la partie de toutes autres déductions qu’il est raisonnable de considérer comme applicable à cette source ou à ces sources; b) lorsque l’entreprise exploitée par un contribuable l’a été, ou que les fonctions de la charge ou de l’emploi remplies par ce dernier l’ont été, selon le cas, en partie dans un endroit et en partie dans un autre endroit, le revenu ou la perte du contribuable pour une année d’imposition provenant de l’entreprise qu’il a exploitée ou des fonctions qu’il a remplies dans un endroit déterminé est, selon le cas, le revenu ou la perte du contribuable, calculés conformément à la présente loi, à supposer qu’il n’ait eu durant l’année d’imposition aucun revenu ni perte, sauf ce qui provenait de la partie de l’entreprise exploitée dans cet endroit déterminé, ni aucun revenu ou perte, sauf ce qui provenait de la partie des fonctions remplies dans cet endroit déterminé, selon le cas, et qu’il n’ait eu droit à aucune déduction dans le calcul de son revenu pour l’année d’imposition, à l’exception des déductions qu’il est raisonnable de considérer comme entièrement applicables à cette Income Tax PART I Income Tax DIVISION B Computation of Income Basic Rules
(a) determine the total of all amounts each of which is the taxpayer's income for the year (other than a taxable capital gain from the disposition of a property) from a source inside or outside Canada, including, without restricting the generality of the foregoing, the taxpayer's income for the year from each office, employment, business and property, (b) determine the amount, if any, by which (A) all of the taxpayer's taxable capital gains for the year from dispositions of property other than listed personal property, and (B) the taxpayer's taxable net gain for the year from dispositions of listed personal property, (ii) the amount, if any, by which the taxpayer's allowable capital losses for the year from dispositions of property other than listed personal property exceed the taxpayer's allowable business investment losses for the year, (c) determine the amount, if any, by which the total determined under paragraph (b) plus the amount determined under paragraph (a) exceeds the total of the deductions permitted by Subdivision E in computing the taxpayer's income for the year (except to the extent that those deductions, if any, have been taken into account in determining the total referred to in paragraph (a), and (d) determine the amount, if any, by which the amount determined under paragraph (c) exceeds the total of all amounts each of which is the taxpayer's loss for the year from an office, employment, business or property or the taxpayer’s allowable business investment loss for the year, and for the purposes of this Part, (e) where an amount is determined under paragraph (d) for the year in respect of the taxpayer, the taxpayer’s income for the year is the amount so determined, and (f) in any other case, the taxpayer shall be deemed to have income for the year in an amount equal to zero. Income or loss from a source or from sources in a place
Idem
(a) a taxpayer’s income or loss for a taxation year from an office, employment, business, property or other source, or from sources in a particular place, is the taxpayer’s income or loss, as the case may be, computed in accordance with this Act on the assumption that the taxpayer had during the taxation year no income or loss except from that source or those sources, as the case may be, and was allowed no deductions in computing the taxpayer’s income for the taxation year except such deductions as may reasonably be regarded as wholly applicable to that source or to those sources, as the case may be, and except such part of any other deductions as may reasonably be regarded as applicable thereto; and (b) where the business carried on by a taxpayer or the duties of the office or employment performed by a taxpayer was carried on or were performed, as the case may be, partly in one place and partly in another place, the taxpayer’s income or loss for the taxation year from the business carried on, or the duties performed, by the taxpayer in a particular place is the taxpayer’s income or loss, as the case may be, computed in accordance with this Act on the assumption that the taxpayer had during the taxation year no income or loss except from the part of the business that was carried on in that particular place or no income or loss except from the part of those duties that were performed in that particular place, as the case may be, and was allowed no deductions in computing the taxpayer’s income for the taxation year except such deductions as may reasonably be regarded as wholly applicable to that part of the business or to those duties, as the case may be, and except such part of any other deductions as may reasonably be regarded as applicable thereto.
[Repealed, 1996, c. 21, s. 2(1)] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and proclamations.] R.S., 1985, c. 1 (5th Supp.), s. 4; 1994, c. 7, Sch. II, s. 2; c. 21, s. 1; 1996, c. 21, s. 2; 2007, c. 35, s. 101; 2013, c. 34, s. 169. SUBDIVISION A Basic Rules Impôt sur le revenu
Subject to subsection 4(3), in applying subsection 4(1) for the purposes of this Part, no deductions permitted by sections 60 to 64 apply either wholly or in part to a particular source or to sources in a particular place. Deductions applicable
In applying subsection 4(1) for the purposes of subsections 104(22) and 104(22.1) and sections 115 and 126, (a) subject to paragraph (b), all deductions permitted in computing a taxpayer’s income for a taxation year for the purposes of this Part, except any deduction permitted by any of paragraphs 60(b) to (o), (p), (r) and (v) to (z), apply either wholly or in part to a particular source or to sources in a particular place; and (b) any deduction permitted by subsection 104(6) or 104(12) shall not apply either wholly or in part to a source in a country other than Canada. Income or Loss from an Office or Employment Income from office or employment
Règles fondamentales
Loss from office or employment
A taxpayer’s loss for a taxation year from an office or employment is the amount of the taxpayer’s loss, if any, for the taxation year from that source computed by applying, with such modifications as the circumstances SUBDIVISION A Income or Loss from an Office or Employment require, the provisions of this Act respecting the computation of income from that source. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1970-71-72, c. 63, s. 1 “5.” Amounts to be included as income from office or employment
Idem
(a) the value of board, lodging and other benefits of any kind whatever received or enjoyed by the taxpayer, or by a person who does not deal at arm’s length with the taxpayer, in the year in respect of, in the course of, or by virtue of the taxpayer’s office or employment, except any benefit (i) derived from the contributions of the taxpayer’s employer to or under a deferred profit sharing plan, an employee life and health trust, a group sickness or accident insurance plan, a group term life insurance policy, a pooled registered pension plan, a private health services plan, a registered pension plan or a supplementary unemployment benefit plan, (iii) that was a benefit in respect of the use of an automobile, (iv) derived from counselling services in respect of (A) the mental or physical health of the taxpayer or an individual related to the taxpayer, other than a benefit attributable to an outlay or expense to which paragraph 18(1)(l) applies, or (B) the re-employment or retirement of the taxpayer, (v) under a salary deferral arrangement, except to the extent that the benefit is included under this paragraph because of subsection (11), or (vi) that is received or enjoyed by an individual other than the taxpayer under a program provided by the taxpayer’s employer that is designed to assist individuals to further their education, if the taxpayer deals with the employer at arm’s length and it is reasonable to conclude that the benefit is not a SUBDIVISION A Income or Loss from an Office or Employment substitute for salary, wages or other remuneration of the taxpayer; Personal or living expenses (b) all amounts received by the taxpayer in the year as an allowance for personal or living expenses or as an allowance for any other purpose, except (i) travel, personal or living expense allowances (A) expressly fixed in an Act of Parliament, or (B) paid under the authority of the Treasury Board to a person who was appointed or whose services were engaged pursuant to the Inquiries Act, in respect of the discharge of the person’s duties relating to the appointment or engagement, (ii) travel and separation allowances received under service regulations as a member of the Canadian Forces, (iii) representation or other special allowances received in respect of a period of absence from Canada as a person described in paragraph 250(1)(b), (c), (d) or (d.1), (iv) representation or other special allowances received by a person who is an agent-general of a province in respect of a period while the person was in Ottawa as the agent-general of the province, (v) reasonable allowances for travel expenses received by an employee from the employee’s employer in respect of a period when the employee was employed in connection with the selling of property or negotiating of contracts for the employee’s employer, (v.1) allowances for board and lodging of the taxpayer, to a maximum total of $300 for each month of the year, if (A) the taxpayer is, in that month, a registered participant with, or member of, a sports team or recreation program of the employer in respect of which membership or participation is restricted to persons under 21 years of age, (B) the allowance is in respect of the taxpayer’s participation or membership and is not attributable to services of the taxpayer as a coach, instructor trainer, referee, administrator or other similar occupation, (C) the employer is a registered charity or a non-profit organization described in paragraph 149(1)(l), and (D) the allowance is reasonably attributable to the cost to the taxpayer of living away from the place where the employee would, but for the employment, ordinarily reside, (vi) reasonable allowances received by a minister or clergyman in charge of or ministering to a diocese, parish or congregation for expenses for transportation incident to the discharge of the duties of that office or employment, (vii) reasonable allowances for travel expenses (other than allowances for the use of a motor vehicle) received by an employee (other than an employee employed in connection with the selling of property or the negotiating of contracts for the employer) from the employer for travelling away from (A) the municipality where the employer’s establishment at which the employee ordinarily worked or to which the employee ordinarily reported was located, and (B) the metropolitan area, if there is one, where that establishment was located, in the performance of the duties of the employee’s office or employment, (vii.1) reasonable allowances for the use of a motor vehicle received by an employee (other than an employee employed in connection with the selling of property or the negotiating of contracts for the employer) from the employer for travelling in the performance of the duties of the office or employment, (ix) allowances (not in excess of reasonable amounts) received by an employee from the employee’s employer in respect of any child of the employee living away from the employee’s domestic establishment in the place where the employee is required by reason of the employee’s employment to live and in full-time attendance at a school which the language primarily used for instruction is the official language of Canada primarily used by the employee if (A) a school suitable for that child primarily using that language of instruction is not available in the place where the employee is so required to live, and (B) the school the child attends primarily uses that language for instruction and is not farther from that place than the community nearest to that place in which there is such a school having suitable boarding facilities, and, for the purposes of subparagraphs (v), (vi) and (vii.1), an allowance received in a taxation year by a taxpayer for the use of a motor vehicle in connection with or in the course of the taxpayer’s office or employment shall be deemed not to be a reasonable allowance (x) where the measurement of the use of the vehicle for the purpose of the allowance is not based solely on the number of kilometres for which the vehicle is used in connection with or in the course of the office or employment, or (xi) where the taxpayer both receives an allowance in respect of that use and is reimbursed in whole or in part for expenses in respect of that use (except where the reimbursement is in respect of supplementary business insurance or toll or ferry charges and the amount of the allowance was determined without reference to those reimbursed expenses); (c) director’s or other fees received by the taxpayer in the year in respect of, in the course of, or by virtue of an office or employment; Allocations, etc., under profit sharing plan (d) amounts allocated to the taxpayer in the year by a trustee under an employees profit sharing plan as provided by section 144 except subsection 144(4), and amounts required by subsection 144(7) to be included in computing the taxpayer’s income for the year; (e) if at any time in the year an automobile is made available to the taxpayer, or to a particular person who does not deal at arm’s length with the taxpayer, by an employer or by another person (referred to in this paragraph as “the employer”) because of or as a consequence of a previous, the current or an intended office or employment of the taxpayer, the amount, if any, by which (i) an amount that is a reasonable standby charge for the automobile for the total number of days in the year during which it was made so available (ii) the total of all amounts, each of which is an amount (other than an expense related to the SUBDIVISION A Income or Loss from an Office or Employment operation of the automobile) paid in the year by the taxpayer, or the particular person who does not deal at arm’s length with the taxpayer, to the employer for the use of the automobile; Group sickness or accident insurance plans (e.1) the total of all amounts contributed in the year in respect of the taxpayer by the taxpayer’s employer to a group sickness or accident insurance plan, except to the extent that the contributions are attributable to benefits under the plan that, if received by the taxpayer, would be included in the taxpayer’s income under paragraph (f) in the year the benefits are received if that paragraph were read without regard to its subparagraph (iv); (f) the total of all amounts received by the taxpayer in the year that were payable to the taxpayer on a periodic basis in respect of the loss of all or any part of the taxpayer’s income from an office or employment, pursuant to (ii) a disability insurance plan, (iii.1) a plan described in any of subparagraphs (i) to (iii) that is administered or provided by an employee life and health trust, to or under which the taxpayer’s employer has made a contribution, not exceeding the amount, if any, by which (iv) the total of all such amounts received by the taxpayer pursuant to the plan before the end of the year and (A) where there was a preceding taxation year ending after 1971 in which any such amount was, by virtue of this paragraph, included in computing the taxpayer’s income, after the last such year, and (B) in any other case, after 1971, (v) the total of the contributions made by the taxpayer under the plan before the end of the year and (A) where there was a preceding taxation year described in clause (iv)(A), after the last such year, and SUBDIVISION A Income or Loss from an Office or Employment (B) in any other case, after 1967; Canadian Forces members and veterans amounts (f.1) the total of all amounts received by the taxpayer in the year on account of (i) an earnings loss benefit, an income replacement benefit (other than an amount determined under subsection 19.1(1), paragraph 23(1)(b) or subsection 26.1(1) of the Veterans Well-being Act, as modified, where applicable, under Part 5 of that Act), a supplementary retirement benefit or a career impact allowance payable to the taxpayer under Part 2 of the Veterans Well-being Act, or Employee benefit plan benefits (g) the total of all amounts each of which is an amount received by the taxpayer in the year out of or under an employee benefit plan or from the disposition of any interest in any such plan, other than the portion thereof that is (i) a death benefit or an amount that would, but for the deduction provided in the definition of that term in subsection 248(1), be a death benefit, (ii) a return of amounts contributed to the plan by the taxpayer or a deceased employee of whom the taxpayer is an heir or legal representative, to the extent that the amounts were not deducted in computing the taxable income of the taxpayer or the deceased employee for any taxation year, (iii) a superannuation or pension benefit attributable to services rendered by a person in a period throughout which the person was not resident in Canada, or (iv) a designated employee benefit (as defined in subsection 144.1(1)); Employee trust (h) amounts allocated to the taxpayer for the year by a trustee under an employee trust; Salary deferral arrangement payments (i) the total of any amount, if any, by which the total of all amounts received by any person as benefits (other than amounts received by or from a trust governed by a salary deferral arrangement) in the year out of or under a salary deferral arrangement in respect of the taxpayer exceeds the amount, if any, by which SUBDIVISION A Income or Loss from an Office or Employment (i) the total of all deferred amounts under the arrangement that were included under paragraph 6(1)(a) as benefits in computing the taxpayer’s income for preceding taxation years exceeds (A) all deferred amounts received by any person in preceding taxation years out of or under the arrangement, and (B) all deferred amounts under the arrangement that were deducted under paragraph 8(1)(o) in computing the taxpayer’s income for the year or preceding taxation years; Reimbursements and awards (j) amounts received by the taxpayer in the year as an award or reimbursement in respect of an amount that would, if the taxpayer were entitled to no reimbursements or awards, be deductible under subsection 8(1) in computing the income of the taxpayer, except to the extent that the amounts so received (i) are otherwise included in computing the income of the taxpayer for the year, or (ii) are taken into account in computing the amount that is claimed under subsection 8(1) by the taxpayer for the year or a preceding taxation year; (i) an amount is determined under subparagraph 6(1)(e)(i) in respect of an automobile in computing the taxpayer’s income for the year, (ii) amounts related to the operation (otherwise than in connection with or in the course of the taxpayer’s office or employment) of the automobile for the period or periods in the year during which the automobile was made available to the taxpayer, or a person who does not deal at arm’s length with the taxpayer, are paid or payable by the employer within the meaning of paragraph (e) that made the automobile available (in this paragraph referred to as the “payor”), and (iii) the total of the amounts so paid or payable is not paid in the year or within 45 days after the end of the year to the payor by the taxpayer or by the person related to the taxpayer, the amount in respect of the operation of the automobile determined by the formula (iv) where the automobile is used primarily in the performance of the duties of the taxpayer’s office or employment during the period or periods referred to in subparagraph (ii) and the taxpayer notifies the employer in writing before the end of the year of the taxpayer’s intention to have this subparagraph apply, 1/2 of the amount determined under subparagraph 6(1)(e)(i) in respect of the automobile in computing the taxpayer’s income for the year, and (v) in any other case, the amount equal to the product obtained when the amount prescribed for the year is multiplied by the total number of kilometres that the automobile is driven (otherwise than in connection with or in the course of the taxpayer’s office or employment) during the period or periods referred to in subparagraph 6(1)(k)(ii), and B is the total of all amounts in respect of the operation of the automobile in the year paid in the year or within 45 days after the end of the year to the payor by the taxpayer or by the person related to the taxpayer; and Where standby charge does not apply (l) the value of a benefit in respect of the operation of an automobile (other than a benefit to which paragraph (k) applies or would apply but for subparagraph (k)(iii)) received or enjoyed by the taxpayer, or by a person related to the taxpayer, in the year in respect of, in the course of or because of, the taxpayer’s office or employment. SUBDIVISION A Income or Loss from an Office or Employment Parking cost (1.1) For the purposes of this section, an amount or a benefit in respect of the use of a motor vehicle by a taxpayer does not include any amount or benefit related to the parking of the vehicle. Deeming rule — amount received (1.2) For the purposes of paragraph (1)(g), an amount received by an individual out of or under an employee benefit plan is deemed to have been received by a taxpayer and not by the individual if (a) the individual does not deal at arm’s length with the taxpayer; (b) the amount is received in respect of an office or employment of the taxpayer; and (c) the taxpayer is living at the time the amount is received by the individual. Reasonable standby charge
Sous réserve du paragraphe (3) et pour l’application du paragraphe (1) dans le cadre de la présente partie, les déductions autorisées par les articles 60 à 64 ne s’appliquent, ni en totalité ni en partie, à une source née ou à des sources situées dans un endroit déterminé. Éléments déductibles
For the purposes of paragraph (1)(e), a reasonable standby charge for an automobile for the total number of days (in this subsection referred to as the “total available days”) in a taxation year during which the automobile is made available to a taxpayer, or to a person who does not deal at arm’s length with the taxpayer, by a person (referred to in this subsection as the “employer”) shall be deemed to be the amount determined by the formula (a) the lesser of the total kilometres that the automobile is driven (otherwise than in connection with or in the course of the taxpayer’s office or employment) during the total available days and the value determined for the description of B for the year in respect of the standby charge for the automobile during the total available days, if (i) the taxpayer is required by the employer to use the automobile in connection with the course of the office or employment, and SUBDIVISION A Income or Loss from an Office or Employment (iii) the distance travelled by the automobile in the total available days is primarily in connection with or in the course of the office or employment, and (b) the value determined for the description of B for the year in respect of the standby charge for the automobile during the total available days, in any other case; B is the product obtained when 1,667 is multiplied by the quotient obtained by dividing the total available days by 30 and, if the quotient so obtained is not a whole number and exceeds one, by rounding it to the nearest whole number or, where that quotient is equivalent to two consecutive whole numbers, by rounding it to the lower of those two numbers; C is the cost of the automobile to the employer where the employer owns the vehicle at any time in the year; D is the number obtained by dividing such of the total available days as are days when the employer owns the automobile by 30 and, if the quotient so obtained is not a whole number and exceeds one, by rounding it to the nearest whole number or, where that quotient is equivalent to two consecutive whole numbers, by rounding it to the lower of those two numbers; E is the total of all amounts that may reasonably be regarded as having been payable by the employer to a lessor for the purpose of leasing the automobile during such of the total available days as are days when the automobile is leased to the employer; and F is the part of the amount determined for E that may reasonably be regarded as having been payable to the lessor in respect of all or part of the cost to the lessor of insuring against (b) liability resulting from the use or operation of the automobile. (2.1) Where in a taxation year (a) a taxpayer was employed principally in selling or leasing automobiles, (b) an automobile owned by the taxpayer’s employer was made available by the employer to the taxpayer or to a person related to the taxpayer, and (c) the employer has acquired one or more automo- the amount that would otherwise be determined under subsection (2) as a reasonable standby charge shall, at the option of the employer, be computed as if (d) the reference in the formula in subsection 6(2) to “2%” were read as a reference to “1 1/2%”, and (e) the cost to the employer of the automobile were the greater of (i) the quotient obtained by dividing (A) the cost to the employer of all new automo- biles acquired by the employer in the year for sale or lease in the course of the employer’s busi- (B) the number of automobiles described in clause (6.2)(1)(e)(i)(A), and (ii) the quotient obtained by dividing (A) the cost to the employer of all automobiles acquired by the employer in the year for sale or lease in the course of the employer’s business (2.2) If a taxpayer met the condition in subparagraph (iv) of the description of A in paragraph (1)(k) for the 2019 taxation year in respect of the use of an automobile made available to the taxpayer, or to a person related to the taxpayer, by an employer (within the meaning as- signed by subsection (2)), then for the purpose of apply- ing paragraph (1)(k) in respect of an automobile provid- ed by that employer in 2020 or 2021 (referred to in this subsection as the “relevant year”), the amount deter- mined for A in paragraph (1)(k) in respect of the automo- bile for the relevant year is deemed to be the lesser of (a) 1/2 of the amount determined under subparagraph (1)(e)(i) in respect of the automobile for the relevant year, and (b) the amount determined under subparagraph (v) of the description of A in paragraph (1)(k) in respect of the automobile for the relevant year. SUBDIVISION A Income or Loss from an Office or Employment (2.3) A taxpayer is deemed to meet the condition in subparagraph (a)(ii) of the description of A in subsection (2) in respect of an employer (within the meaning assigned by subsection (2)) for the 2020 or 2021 taxation year if the taxpayer met the conditions in subparagraphs (a)(i) and (ii) of the description of A in subsection (2) for the 2019 taxation year in respect of an automobile made available to the taxpayer, or to a person related to the taxpayer, by that employer. Payments by employer to employee
Pour l’application du paragraphe (1) dans le cadre des paragraphes 104(22) et (22.1) et des articles 115 et 126: (a) sous réserve de l’alinéa (b), les déductions permises dans le calcul du revenu d’un contribuable pour une année d’imposition dans le cadre de la présente partie, sauf celles permises par l’un des alinéas 60b) à o), p), r) et v) à z), s’appliquent, en totalité ou en partie, à une source née ou à des sources situées dans un endroit déterminé; (b) les déductions permises par les paragraphes 104(6) ou (12) ne s’appliquent, ni en totalité ni en partie, à une source née dans un pays étranger.
An amount received by one person from another (a) during a period while the payee was an officer of, or in the employment of, the payer, or (b) on account, in lieu of payment or in satisfaction of an obligation arising out of an agreement made by the payer with the payee immediately prior to, during or immediately after a period that the payee was an officer of, or in the employment of, the payer, shall be deemed, for the purposes of section 5, to be remuneration for the payee’s services rendered as an officer or during the period of employment, unless it is established that, irrespective of when the agreement, if any, under which the amount was received was made or the form or legal effect thereof, it cannot reasonably be regarded as having been received (c) as consideration or partial consideration for accepting the office or entering into the contract of employment, (d) as remuneration or partial remuneration for services as an officer or under the contract of employment, or (e) in consideration or partial consideration for a covenant with reference to what the officer or employee is, or is not, to do before or after the termination of the employment. Amount receivable for covenant (3.1) If an amount (other than an amount to which paragraph (1)(a) applies because of subsection (11)) is receivable at the end of a taxation year by a taxpayer in respect of a covenant, agreed to by the taxpayer more than 36 months before the end of that taxation year, with reference to what the taxpayer is, or is not, to do, and the amount would be included in the taxpayer’s income for the year under this Subdivision if it were received by the taxpayer in the year, the amount (a) is deemed to be received by the taxpayer at the end of the taxation year for services rendered as an officer or during the period of employment; and (b) is deemed not to be received at any other time. Group term life insurance
[Abrogé, 1996, ch. 21, art. 2(1)] [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et les proclamations modificatives appropriées.] L.R. (1985), ch. 1 (5e suppl.), art. 4; 1994, ch. 7, ann. II, art. 2; 1996, ch. 21, art. 1 et 2; 2007, ch. 35, art. 101; 2013, ch. 34, art. 169.
Where at any time in a taxation year a taxpayer’s life is insured under a group term life insurance policy, there shall be included in computing the taxpayer’s income for the year from an office or employment the amount, if any, prescribed for the year in respect of the insurance. Employment at special work site or remote location
Revenu ou perte provenant d’une charge ou d’un emploi Règles fondamentales Revenu tiré d’une charge ou d’un emploi 5 (1) Sous réserve des autres dispositions de la présente partie, le revenu d’un contribuable, pour une année d’imposition, tiré d’une charge ou d’un emploi est le traitement, le salaire et toute autre rémunération, y compris les gratifications, que le contribuable a reçus au cours de l’année. Perte résultant d’une charge ou d’un emploi
Notwithstanding subsection 6(1), in computing the income of a taxpayer for a taxation year from an office or employment, there shall not be included any amount received or enjoyed by the taxpayer in respect of, in the course or by virtue of the office or employment that is the value of, or an allowance (not in excess of a reasonable amount) in respect of expenses the taxpayer has incurred for, (a) the taxpayer’s board and lodging for a period at (i) a special work site, being a location at which the duties performed by the taxpayer were of a temporary nature, if the taxpayer maintained at another location a self-contained domestic establishment as the taxpayer’s principal place of residence (A) that was, throughout the period, available for the taxpayer’s occupancy and not rented by the taxpayer to any other person, and (B) to which, by reason of distance, the taxpayer could not reasonably be expected to have returned daily from the special work site, or (ii) a location at which, by virtue of its remoteness from any established community, the taxpayer could not reasonably be expected to establish and maintain a self-contained domestic establishment, if the period during which the taxpayer was required by the taxpayer’s duties to be away from the taxpayer’s principal place of residence, or to be at the special work site or location, was not less than 36 hours; or (b) transportation between (i) the principal place of residence and the special work site referred to in subparagraph 6(6)(a)(i), or (ii) the location referred to in subparagraph 6(6)(a)(ii) and a location in Canada or a location in the country in which the taxpayer is employed, in respect of a period described in paragraph 6(6)(a) during which the taxpayer received board and lodging, or a reasonable allowance in respect of board and lodging, from the taxpayer’s employer.
La perte subie par un contribuable au cours d’une année d’imposition au titre d’une charge ou d’un emploi est constituée par le montant de sa perte subie au cours de cette année au titre de cette charge ou de cet emploi, Income Tax PART I Income Tax DIVISION B Computation of Income
To the extent that the cost to a person of purchasing a property or service or an amount payable by a person for the purpose of leasing property is taken into account in determining an amount required under this section to be included in computing a taxpayer’s income for a taxation year, that cost or amount payable, as the case may be, shall include any tax that was payable by the person in respect of the property or service or that would have been so payable if the person were not exempt from the payment of that tax because of the nature of the person or the use to which the property or service is to be put. (a) an amount in respect of an outlay or expense is deducted under section 8 in computing the income of a taxpayer for a taxation year from an office or employment, or (b) an amount is included in the capital cost to a taxpayer of a property described in subparagraph 8(1)(j)(ii) or 8(1)(p)(ii), and a particular amount is paid to the taxpayer in a particular taxation year as a rebate under the Excise Tax Act in respect of any goods and services tax included in the amount of the outlay or expense, or the capital cost of the property, as the case may be, the particular amount (c) to the extent that it relates to an outlay or expense referred to in paragraph (a), shall be included in computing the taxpayer's income from an office or employment for the particular taxation year, and (d) to the extent that it relates to the capital cost of property referred to in paragraph (b), is deemed, for the purposes of subsection 13(7.1), to have been received by the taxpayer in the particular taxation year as assistance from a government for the acquisition of the property. Amount in respect of interest on employee debt
Inclusions Value of benefits (ii) under a retirement compensation arrangement, an employee benefit plan or an employee trust, Impôt sur le revenu
Where an amount in respect of a loan or debt is deemed by subsection 80.4(1) to be a benefit received in a taxation year by an individual, the amount of the benefit shall be included in computing the income of the individual for the year as income from an office or employment. (a) an amount included in the income of an individual in respect of an employee benefit plan for a taxation year preceding the year in which it was contributed to the plan shall be deemed to be an amount contributed to the plan by the individual; and (b) where an amount is received in a taxation year by an individual from an employee benefit plan that was in a preceding year an employee trust, such portion of the amount so received by the individual as does not exceed the amount, if any, by which the lesser of (i) the amount, if any, by which (A) the total of all amounts allocated to the individual or a deceased person of whom the individual is an heir or legal representative by the trustee of the plan at a time when it was an employee trust (B) the total of all amounts previously paid out of the plan to or for the benefit of the individual or the deceased person at a time when the plan was an employee trust, and (ii) the portion of the amount, if any, by which the cost amount to the plan of its property immediately before it ceased to be an employee trust exceeds its liabilities at that time that (A) the amount determined under subparagraph 6(10)(b)(i) in respect of the individual is of (B) the total of amounts determined under subparagraph 6(10)(b)(ii) in respect of all individuals who were beneficiaries under the plan immediately before it ceased to be an employee trust (iii) the total of all amounts previously received out of the plan by the individual or a deceased person of whom the individual is an heir or legal representative at a time when the plan was an employee benefit plan to the extent that the amounts were deemed by this paragraph to be a return of amounts contributed to the plan shall be deemed to be the return of an amount contributed to the plan by the individual. Salary deferral arrangement
Where at the end of a taxation year any person has a right under a salary deferral arrangement in respect of a taxpayer to receive a deferred amount, an amount equal to the deferred amount shall be deemed, for the purposes only of paragraph 6(1)(a), to have been received by the taxpayer as a benefit in the year, to the extent that the amount was not otherwise included in computing the taxpayer’s income for the year or any preceding taxation year.
Where at the end of a taxation year any person has a right under a salary deferral arrangement (other than a trust governed by a salary deferral arrangement) in respect of a taxpayer to receive a deferred amount, an amount equal to any interest or other additional amount that accrued to, or for the benefit of, that person to the end of the year in respect of the deferred amount shall be deemed at the end of the year, for the purposes only of subsection 6(11), to be a deferred amount that the person has a right to receive under the arrangement.
Subsection 6(11) does not apply in respect of a deferred amount under a salary deferral arrangement in respect of a taxpayer that was established primarily for the benefit of one or more non-resident employees in respect of services to be rendered in a country other than Canada, to the extent that the deferred amount (a) was in respect of services rendered by an employee who (i) was not resident in Canada at the time the services were rendered, or (ii) was resident in Canada for a period (in this subsection referred to as an "excluded period") of not more than 36 of the 72 months preceding the time the services were rendered and was an employee to whom the arrangement applied before the employee became resident in Canada; and (b) cannot reasonably be regarded as being in respect of services rendered or to be rendered during a period (other than an excluded period) when the employee was resident in Canada.
calculée par l’application, avec les adaptations nécessaires, des dispositions de la présente loi afférentes au calcul du revenu tiré de cette charge ou de cet emploi. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs applicables.] 1970-71-72, ch. 63, art. 1 « 5 ». Éléments à inclure Éléments à inclure à titre de revenu tiré d’une charge ou d’un emploi 6 (1) Sont à inclure dans le calcul du revenu d’un contribuable tiré, pour une année d’imposition, d’une charge ou d’un emploi, ceux des éléments suivants qui sont applicables : Valeur des avantages a) la valeur de la pension, du logement et de tout autre avantage que reçoit ou dont jouit le contribuable, ou une personne avec laquelle il a un lien de dépendance, au cours de l’année au titre, en raison de ou en raison de la charge ou de l’emploi du contribuable, à l’exception des avantages suivants : (i) ceux qui résultent des cotisations que l’employeur du contribuable verse dans le cadre d’un régime de participation différée aux bénéfices, d’un régime de fiducie de soins de santé des employés, d’un régime collectif d’assurance maladie ou accidents, d’un régime d’assurance collective temporaire sur la vie, d’un régime d’assurance collective contre les accidents, d’un régime de participation différée aux bénéfices, d’un régime de pension agréé, d’un régime de pension agréé collectif, d’un régime privé de services de santé ou d’un régime privé de prestations supplémentaires de chômage, (ii) ceux qui découlent d’une convention de retraite, d’un régime de prestations aux employés ou d’une fiducie d’employés, (iii) ceux qui étaient des avantages relatifs à l’usage d’une automobile, (iv) ceux qui découlent de la prestation de services d’aide concernant : (A) soit la santé physique ou mentale du contribuable ou d’un particulier qui lui est lié, à l’exclusion d’un avantage imputable à une dépense à laquelle l’alinéa 18(1)l) s’applique, (B) soit le réemploi ou la retraite du contribuable, (v) ceux qui sont prévus par une entente d’échelonnement du traitement, sauf dans la mesure où l’avantage est visé au présent alinéa par l’effet du paragraphe (11), Income Tax PART I Income Tax DIVISION B Computation of Income
(vi) ceux que reçoit ou dont jouit un particulier autre que le contribuable dans le cadre d’un programme offert par l’employeur de celui-ci qui vise à aider des particuliers à poursuivre leurs études, à condition que le contribuable n’ait aucun lien de dépendance avec l’employeur et qu’il soit raisonnable de conclure que l’avantage n’est pas accordé en remplacement d’un salaire, d’un traitement ou d’autre rémunération du contribuable; Frais personnels ou de subsistance b) les sommes qu’il a reçues au cours de l’année à titre d’allocations pour frais personnels ou de subsistance ou à titre d’allocations à toute autre fin, sauf : (i) les allocations pour frais de déplacement ou frais personnels ou de subsistance : (A) soit expressément fixées par une loi fédérale, (B) soit payées en vertu d’une autorisation du Conseil du Trésor à une personne nommée, ou dont les services étaient retenus, conformément à la Loi sur les enquêtes, relativement à l’exercice de ses fonctions afférentes à sa nomination ou engagement, (ii) les allocations de déplacement et les indemnités d’absence du foyer reçues en vertu de règlements militaires à titre de membre des Forces canadiennes, (iii) les allocations de représentation ou autres allocations spéciales reçues et afférentes à une période d’absence du Canada, à titre de personne visée à l’alinéa 250(1)b), c), d) ou d.1), (iv) les allocations de représentation ou autres allocations spéciales reçues par un agent général d’une province et afférentes à une période pendant laquelle il était à Ottawa en qualité d’agent général de la province, (v) les allocations raisonnables pour frais de déplacement reçues de son employeur par un employé et afférentes à une période pendant laquelle son emploi était lié à la vente de biens ou à la négociation de contrats pour son employeur, (v.1) les allocations pour pension et logement du contribuable, jusqu’à concurrence de 300 $ pour chaque mois de l’année, si, à la fois : (A) le contribuable est, au cours du mois en cause, inscrit à une équipe sportive ou à un programme récréatif de l’employeur à titre de participant ou de membre, et la participation ou (viii) [Repealed, 1999, c. 22, s. 2] l’adhésion à l’équipe ou au programme est réservée aux personnes de moins de 21 ans, (B) l’allocation a trait à la participation ou à l’adhésion du contribuable et n’est pas attribuable à des services qu’il rend à titre d’entraîneur, d’instructeur, de moniteur, d’arbitre, d’administrateur ou d’une autre occupation semblable, (C) l’employeur est un organisme de bienfaisance enregistré ou une organisation à but non lucratif visée à l’alinéa 149(1)l), (D) il est raisonnable d’attribuer l’allocation au coût pour le contribuable du fait de vivre à l’extérieur du lieu où il résiderait habituellement si ce n’était l’emploi, (vi) les allocations raisonnables reçues par un ministre du culte ou un membre du clergé desservant un diocèse, une paroisse ou une congrégation, en ayant la charge, pour les frais de transport qu’a entraînés l’accomplissement des fonctions de sa charge ou de son emploi, (vii) les allocations raisonnables pour frais de déplacement, à l’exception des allocations pour l’usage d’un véhicule à moteur, qu’un employé — dont l’emploi n’est pas lié à la vente de biens ou à la négociation de contrats pour son employeur — reçoit de son employeur pour voyager dans l’accomplissement des fonctions de sa charge ou de son emploi, à l’extérieur : (A) de la municipalité où était situé l’établissement de l’employeur dans lequel l’employé travaillait habituellement ou auquel il adressait ordinairement ses rapports, (B) en outre, le cas échéant, de la région métropolitaine où était situé cet établissement, (vii.1) les allocations raisonnables pour l’usage d’un véhicule à moteur qu’un employé — dont l’emploi n’est pas lié à la vente de biens ou à la négociation de contrats pour son employeur — reçoit de son employeur pour voyager dans l’accomplissement des fonctions de sa charge ou de son emploi, (viii) [Abrogé, 1999, ch. 22, art. 2] (ix) les allocations — n’excédant pas des montants raisonnables — qu’un employé a reçues de son employeur pour un enfant de l’employé vivant à l’extérieur du domicile de ce dernier au lieu où il est obligé de demeurer en raison de son emploi et Director’s or other fees Standby charge for automobile exceeds fréquentant à plein temps un établissement scolaire dans lequel la langue principale d’enseignement est celle des langues officielles du Canada qui est la langue première de l’employé, si les conditions suivantes sont réunies : (A) aucun établissement scolaire convenant à l’enfant et utilisant principalement cette langue dans l’enseignement n’est accessible au lieu où l’employé est tenu de demeurer, (B) l’établissement scolaire fréquenté par l’enfant a cette langue pour langue principale d’enseignement et n’est pas plus éloigné de ce lieu que l’agglomération la plus proche de ce lieu où un établissement scolaire semblable offre des installations suffisantes pour le logement et les repas; pour l’application des sous-alinéas (v), (vi) et (vii.1), une allocation reçue au cours de l’année par le contribuable pour l’usage d’un véhicule à moteur dans l’accomplissement des fonctions de sa charge ou de son emploi est réputée ne pas être raisonnable dans les cas suivants : (x) l’usage du véhicule n’est pas, pour la fixation de l’allocation, uniquement évalué en fonction du nombre de kilomètres parcourus par celui-ci dans l’accomplissement des fonctions de la charge ou de l’emploi, (xi) le contribuable, à la fois, reçoit une allocation pour cet usage et est remboursé de tout ou partie des dépenses pour le même usage (sauf s’il s’agit d’un remboursement pour frais d’assurance-automobile commerciale supplémentaire, frais de péage routier ou frais de traversier et que le montant de l’allocation a été déterminé compte non tenu de ces dépenses ainsi remboursées); Jetons de présence ou autres honoraires c) les jetons de présence d’administrateur ou autres honoraires qu’il a reçus au cours de l’année au titre, dans l’occupation ou en vertu d’une charge ou d’un emploi; Régime de participation aux bénéfices d) les sommes qu’un fiduciaire lui attribue au cours de l’année dans le cadre d’un régime de participation des employés aux bénéfices, comme le prévoit l’article 144, exception faite du paragraphe 144(4), et les montants à inclure en application du paragraphe 144(7) dans le calcul de son revenu pour l’année; Income Tax PART I Income Tax DIVISION B Computation of Income
Where deferred amounts under a salary deferral arrangement in respect of a taxpayer (in this subsection referred to as "that arrangement") are required to be included as benefits under paragraph 6(1)(a) in computing the taxpayer's income and that arrangement is part of a plan or arrangement (in this subsection referred to as the "plan") under which amounts or benefits not related to the deferred amounts are payable or provided, for the purposes of this Act, other than this subsection, (a) that arrangement shall be deemed to be a separate arrangement independent of other parts of the plan of which it is a part; and (b) where any person has a right to a deferred amount under that arrangement, an amount received by the person as a benefit at any time out of or under the plan shall be deemed to have been received out of or under that arrangement except to the extent that it exceeds the amount, if any, by which (i) the total of all deferred amounts under that arrangement that were included under paragraph 6(1)(a) as benefits in computing the taxpayer's income for taxation years ending before that time (A) all deferred amounts received by any person before that time out of or under the plan that were deemed by this paragraph to have been received out of or under that arrangement, and (B) all deferred amounts under that arrangement that were deducted under paragraph 8(1)(o) in computing the taxpayer's income for the year or preceding taxation years. (a) a benefit shall be deemed to have been enjoyed by a taxpayer at any time an obligation issued by any debtor (including the taxpayer) is settled or extinguished; and (b) the value of that benefit shall be deemed to be the forgiven amount at that time in respect of the obligation. (15.1) For the purpose of subsection 6(15), the forgiven amount at any time in respect of an obligation issued by a debtor has the meaning that would be assigned by subsection 80(1) if (a) the obligation were a commercial obligation (within the meaning assigned by subsection 80(1)) issued by the debtor; (b) no amount included in computing income because of the obligation being settled or extinguished at that time were taken into account; (c) the definition forgiven amount in subsection 80(1) were read without reference to paragraphs (f) and (h) of the description of B in that definition; and (d) section 80 were read without reference to paragraphs (2)(b) and (q) of that section. Disability-related employment benefits
Employment insurance benefits (i) a sickness or accident insurance plan, (iii) an income maintenance insurance plan, or exceeds Impôt sur le revenu
Notwithstanding subsection 6(1), in computing an individual’s income for a taxation year from an office or employment, there shall not be included any amount received or enjoyed by the individual in respect of, in the course of or because of the individual’s office or employment that is the value of a benefit relating to, or an allowance (not in excess of a reasonable amount) in respect of expenses incurred by the individual for, (a) the transportation of the individual between the individual’s ordinary place of residence and the individual’s work location (including parking near that location) if the individual is blind or is a person in respect of whom an amount is deductible, or would be but for paragraph 118.3(1)(c), be deductible, because of the individual’s mobility impairment, under section 118.3 in computing a taxpayer’s tax payable under this Part for the year; or (b) an attendant to assist the individual in the performance of the individual’s duties if the individual is a SUBDIVISION A Income or Loss from an Office or Employment person in respect of whom an amount is deductible, or would but for paragraph 118.3(1)(c) be deductible, under section 118.3 in computing a taxpayer's tax payable under this Part for the year.
The definitions in this subsection apply in this subsection and subsection (18). disability policy means a group disability insurance policy that provides for periodic payments to individuals in respect of the loss of remuneration from an office or employment. (police d’assurance-invalidité) employer of an individual includes a former employer of the individual. (employeur) top-up disability payment in respect of an individual means a payment made by an employer of the individual as a consequence of the insolvency of an insurer that was obligated to make payments to the individual under a disability policy where (a) the payment is made to an insurer so that periodic payments made to the individual under the policy will be made as they would have been if the insurer were not insolvent or were insolvent to a lesser amount, or (b) the following conditions are satisfied: (i) the payment is made to the individual to replace, in whole or in part, periodic payments that would have been made under the policy to the individual but for the insolvency, and (ii) the payment is made under an arrangement by which the individual is required to reimburse the payment to the extent that the individual subsequently receives an amount from an insurer in respect of the portion of the periodic payments that the payment was intended to replace. For the purposes of paragraphs (a) and (b), an insurance policy that replaces a disability policy is deemed to be the same policy as, and a continuation of, the disability policy that was replaced. (paiement compensatoire pour invalidité) Group disability benefits — insolvent insurer
Where an employer of an individual makes a top-up disability payment in respect of the individual, SUBDIVISION A Income or Loss from an Office or Employment (a) the payment is, for the purpose of paragraph 6(1)(a), deemed not to be a benefit received or enjoyed by the individual; (b) the payment is, for the purpose of paragraph 6(1)(f), deemed not to be a contribution made by the employer to or under the disability insurance plan of which the disability policy in respect of which the payment is made is or was a part; and (c) if the payment is made to the individual, it is, for the purpose of paragraph 6(1)(f), deemed to be an amount payable to the individual pursuant to the plan.
For the purpose of paragraph (1)(a), an amount paid at any time in respect of a housing loss (other than an eligible housing loss) to or on behalf of a taxpayer or a person who does not deal at arm’s length with the taxpayer in respect of, in the course of or because of, an office or employment is deemed to be a benefit received by the taxpayer at that time because of the office or employment.
Frais pour droit d’usage d’une automobile e) lorsqu’une personne (appelée « employeur » au présent alinéa) a mis à un moment donné au cours de l’année une automobile à la disposition d’un contribuable (ou à la disposition d’une personne donnée avec qui il a un lien de dépendance), en raison ou par suite de l’emploi ou de la charge antérieur, actuel ou projeté du contribuable, l’excédent éventuel de la somme visée au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) la somme qui représente les frais raisonnables pour droit d’usage de l’automobile pendant le nombre de jours de l’année où elle était ainsi à sa disposition, (ii) le total des sommes dont chacune représente une somme (autre qu’une dépense liée au fonctionnement de l’automobile) payée au cours de l’année à l’employeur par le contribuable ou par la personne donnée en raison de la mise de l’automobile à sa disposition pour l’usage de l’automobile; Régimes d’assurance collective contre la maladie ou les accidents e.1) le total des sommes que son employeur a versées à son égard au cours de l’année à un régime d’assurance collective contre la maladie ou les accidents, sauf dans la mesure où elles sont attribuables à des prestations prévues par le régime qui, si le contribuable les recevait et que l’alinéa f) s’appliquait compte non tenu de son sous-alinéa (iv), seraient incluses dans le revenu du contribuable en application de cet alinéa pour l’année de leur réception; Prestations d’assurance contre la maladie, etc. f) le total des sommes qu’il a reçues au cours de l’année, à titre d’indemnité payable périodiquement pour la perte totale ou partielle du revenu afférent à une charge ou à un emploi, en vertu de l’un des régimes suivants dans le cadre desquels son employeur a contribué : (i) un régime d’assurance contre la maladie ou les accidents, (ii) un régime d’assurance invalidité, (iii) un régime d’assurance du revenu, (iii.1) un régime visé à l’un des sous-alinéas (i) à (iii) qui est administré ou offert par une fiducie de soins de santé au bénéfice d’employés, Income Tax PART I Income Tax DIVISION B Computation of Income
For the purpose of paragraph (1)(a), an amount paid at any time in a taxation year in respect of an eligible housing loss to or on behalf of a taxpayer or a person who does not deal at arm’s length with the taxpayer in respect of, in the course of or because of, an office or employment is deemed to be a benefit received by the taxpayer at that time because of the office or employment to the extent of the amount, if any, by which (a) one half of the amount, if any, by which the total of all amounts each of which is so paid in the year or in a preceding taxation year exceeds $15,000 (b) the total of all amounts each of which is an amount included in computing the taxpayer’s income because of this subsection for a preceding taxation year in respect of the loss.
(ii) an amount payable under any of subsections 99(6), 109(1) and 115(5) and sections 124 to 126 of the Veterans Well-being Act; le total ne peut toutefois dépasser l’excédent éventuel du total visé au sous-alinéa (iv) sur le total visé au sous-alinéa (v) : (iv) le total des sommes qu’il a ainsi reçues avant la fin de l’année et : (A) lorsqu’une de ces sommes a été, en vertu du présent alinéa, incluse dans le calcul de son revenu pour une année d’imposition antérieure se terminant avant 1971, après cette année, (B) sinon, après 1971, (v) le total des cotisations versées par le contribuable dans le cadre du régime avant la fin de l’année et : (A) lorsqu’il y a eu une année d’imposition antérieure, visée à la division (iv)(A), après cette année, (B) sinon, après 1967; Sommes relatives aux militaires et vétérans des Forces canadiennes f.1) le total des sommes ci-après qu’il a reçues au cours de l’année : (i) la somme qui est une allocation pour perte de revenus, une prestation de remplacement du revenu (sauf celle dont le montant est déterminé en vertu du paragraphe 19.1(1), de l’alinéa 23(1)b) ou du paragraphe 26.1(1) de la Loi sur le bien-être des vétérans, tel que ce montant est modifié, le cas échéant, en vertu de la partie 5 de cette loi), une prestation de retraite supplémentaire ou une allocation pour incidence sur la carrière et qui lui est payable en vertu de la partie 2 de la Loi sur le bien-être des vétérans, (ii) toute somme payable en vertu de l’un des paragraphes 99(6), 109(1) et 115(5) et des articles 124 à 126 de la Loi sur le bien-être des vétérans; Prestations d’un régime de prestations aux employés g) le total des sommes dont chacune représente un montant reçu par lui au cours de l’année dans le cadre d’un régime de prestations aux employés ou de la disposition d’une participation dans un tel régime, à l’exclusion de la partie de ce montant qui constitue : (i) une prestation consécutive au décès ou une somme qui serait une telle prestation sans la déduction prévue à la définition de cette expression au paragraphe 248(1), Income Tax PART I Income Tax DIVISION B Computation of Income
In this section, housing loss at any time in respect of a residence of a taxpayer means the amount, if any, by which the greater of (a) the adjusted cost base of the residence at that time to the taxpayer or to another person who does not deal at arm’s length with the taxpayer, and SUBDIVISION A Income or Loss from an Office or Employment (b) the highest fair market value of the residence within the six-month period that ends at that time exceeds (c) if the residence is disposed of by the taxpayer or the other person before the end of the first taxation year that begins after that time, the lesser of (i) the proceeds of disposition of the residence, and (ii) the fair market value of the residence at that time, and (d) in any other case, the fair market value of the residence at that time.
(ii) the total of Automobile operating expense benefit (k) where Impôt sur le revenu
In this section, eligible housing loss in respect of a residence designated by a taxpayer means a housing loss in respect of an eligible relocation of the taxpayer or a person who does not deal at arm’s length with the taxpayer and, for these purposes, no more than one residence may be so designated in respect of an eligible relocation.
For greater certainty, an amount paid or the value of assistance provided by any person in respect of, in the course of or because of, an individual’s office or employment in respect of the cost of, the financing of, the use of or the right to use, a residence is, for the purposes of this section, a benefit received by the individual because of the office or employment. Agreement to issue securities to employees
SUBDIVISION A Income or Loss from an Office or Employment particular qualifying person does not deal at arm’s length), (a) if the employee has acquired securities under the agreement, a benefit equal to the amount, if any, by which (i) the value of the securities at the time the employee acquired them exceeds the total of (ii) the amount paid or to be paid to the particular qualifying person by the employee for the securities, and (iii) the amount, if any, paid by the employee to acquire the right to acquire the securities is deemed to have been received, in the taxation year in which the employee acquired the securities, by the employee because of the employee’s employment; (b) if the employee has transferred or otherwise disposed of rights under the agreement in respect of some or all of the securities to a person with whom the employee was dealing at arm’s length, a benefit equal to the amount, if any, by which (i) the value of the consideration for the disposition (ii) the amount, if any, paid by the employee to acquire those rights shall be deemed to have been received, in the taxation year in which the employee made the disposition, by the employee because of the employee’s employment; (b.1) if the employee has transferred or otherwise disposed of rights under the agreement in respect of some or all of the securities to the particular qualifying person (or a qualifying person with which the particular qualifying person does not deal at arm’s length) with whom the employee was not dealing at arm’s length, a benefit equal to the amount, if any, by which (i) the value of the consideration for the disposition (ii) the amount, if any, paid by the employee to acquire those rights is deemed to have been received, in the taxation year in which the employee made the disposition, by the employee because of the employee’s employment; (c) if rights of the employee under the agreement have, by one or more transactions between persons not dealing at arm’s length, become vested in a person who has acquired securities under the agreement, a benefit equal to the amount, if any, by which (i) the value of the securities at the time the person acquired them exceeds the total of (ii) the amount paid or to be paid to the particular qualifying person by the person for the securities, and (iii) the amount, if any, paid by the employee to acquire the right to acquire the securities, is deemed to have been received, in the taxation year in which the person acquired the securities, by the employee because of the employee’s employment, unless at the time the person acquired the securities the employee was deceased, in which case such a benefit is deemed to have been received by the employee in that year as income from the duties of an employment performed by the person in that year in the country in which the employee primarily performed the duties of the employee’s employment; (d) if rights of the employee under the agreement have, by one or more transactions between persons not dealing at arm’s length, become vested in a particular person who has transferred or otherwise disposed of rights under the agreement to another person with whom the particular person was dealing at arm’s length, a benefit equal to the amount, if any, by which (i) the value of the consideration for the disposition (ii) the amount, if any, paid by the employee to acquire those rights shall be deemed to have been received, in the taxation year in which the particular person made the disposition, by the employee because of the employee’s employment, unless at the time the other person acquired the rights the employee was deceased, in which case such a benefit shall be deemed to have been received by the particular person in that year as income from the duties of an employment performed by the particular person in that year in the country in which the employee primarily performed the duties of the employee’s employment; and (e) if an employee died, immediately after death, the employee is deemed to have been the owner of a right to acquire securities under the agreement and to have received, in the taxation year in which the employee died, a benefit equal to the amount, if any, by which (i) the value of the right immediately SUBDIVISION A Income or Loss from an Office or Employment (d.1) if rights of the employee under the agreement have, by one or more transactions between persons not dealing at arm’s length, become vested in a particular person who has transferred or otherwise disposed of rights under the agreement to a particular qualifying person (or a qualifying person with which the particular qualifying person does not deal at arm’s length) with whom the particular person was not dealing at arm’s length, a benefit equal to the amount, if any, by which (i) the value of the consideration for the disposition (ii) the amount, if any, paid by the employee to acquire those rights is deemed to have been received, in the taxation year in which the particular person made the disposition, by the employee because of the employee’s employment, unless at the time of the disposition the employee was deceased, in which case such a benefit is deemed to have been received by the particular person in that year as income from the duties of an employment performed by the particular person in that year in the country in which the employee primarily performed the duties of the employee’s employment; and (e) if the employee has died and immediately before death owned a right to acquire securities under the agreement, a benefit equal to the amount, if any, by which (i) the value of the right immediately after the death (ii) the amount, if any, paid by the employee to acquire the right shall be deemed to have been received, in the taxation year in which the employee died, by the employee because of the employee’s employment, and paragraphs 7(1)(b), 7(1)(c) and 7(1)(d) do not apply. (1.1) Where after March 31, 1977 a Canadian-controlled private corporation (in this subsection referred to as “the corporation”) has agreed to sell or issue a share of the capital stock of the corporation or of a Canadian-controlled private corporation with which it does not deal at arm’s length to an employee of the corporation or of a Canadian-controlled private corporation with which it does not deal at arm’s length and at the time immediately SUBDIVISION A Income or Loss from an Office or Employment after the agreement was made the employee was dealing at arm’s length with (b) the Canadian-controlled private corporation, the share of the capital stock of which has been agreed to be sold by the corporation, and (c) the Canadian-controlled private corporation that is the employer of the employee, in applying paragraph (1)(a) in respect of the employee’s acquisition of the share, the reference in that paragraph to “the taxation year in which the employee acquired the securities” shall be read as a reference to “the taxation year in which the employee disposed of or exchanged the securities”. Non-arm’s length relationship with trusts (1.11) For the purposes of this section, a mutual fund trust is deemed not to deal at arm’s length with a corporation only if (b) the corporation holds securities that give the corporation not less than 50% of the votes that could be cast at a meeting of the unitholders of the trust. Order of disposition of securities (1.3) For the purposes of this subsection, subsection 7(1), Subdivision C, paragraph 110(1)(d.01), subparagraph 110(1)(d.1)(ii) and subsections 110(2.1) and 147(10.4), and subject to subsection (1.31), a taxpayer is deemed to dispose of securities that are identical properties in the order in which the taxpayer acquired them and, for this purpose, (a) if a taxpayer acquires a particular security (other than under circumstances to which subsection (1.1) or 147(10.1) applies) at a time when the taxpayer also acquires or holds one or more other securities that are identical to the particular security and are, or were, acquired under circumstances to which subsection (1.1) or 147(10.1) applied, the taxpayer is deemed to have acquired the particular security at the time immediately preceding the earliest of the times at which the taxpayer acquired those other securities; and (b) if a taxpayer acquires, at the same time, two or more identical securities under circumstances to which subsection (1.1) applied, the taxpayer is deemed to have acquired the securities in the order in which the agreements under which the taxpayer acquired the rights to acquire the securities were made. (1.31) Where a taxpayer acquires at a particular time a particular security under an agreement referred to in subsection (1) — or acquires the particular security as consideration for the disposition of rights under the agreement — and, on a day that is no later than 30 days after the day that includes the particular time, the taxpayer disposes of a security that is identical to the particular security, the particular security is deemed to be the security that is so disposed of if (a) no other securities that are identical to the particular security are acquired, or disposed of, by the taxpayer after the particular time and before the disposition; (b) the taxpayer identifies the particular security as the security so disposed of in the taxpayer’s return of income under this Part for the year in which the disposition occurs; and (c) the taxpayer has not so identified the particular security, in accordance with this subsection, in connection with the disposition of any other security. (a) a taxpayer disposes of rights under an agreement referred to in subsection (1) to acquire securities of a particular qualifying person that made the agreement or of a qualifying person with which it does not deal at arm’s length (which rights and securities are referred to in this subsection as the “exchanged option” and the “old securities”, respectively), (b) the taxpayer receives no consideration for the disposition of the exchanged option other than rights under an agreement with a person (in this subsection referred to as the “designated person”) that is (ii) a qualifying person with which the particular person does not deal at arm’s length immediately after the disposition, (iii) a corporation formed on the amalgamation or merger of the particular person and one or more other corporations, (iv) a mutual fund trust to which the particular person has transferred property in circumstances to which subsection 132.2(1) applied, SUBDIVISION A Income or Loss from an Office or Employment (v) a qualifying person with which the corporation referred to in subparagraph (iii) does not deal at arm’s length immediately after the disposition, or (vi) if the disposition is before 2013 and the old securities were equity in a SIFT wind-up entity that was at the time of the disposition a mutual fund trust, a SIFT wind-up corporation in respect of the SIFT wind-up entity to acquire securities of the designated person or a qualifying person with which the designated person does not deal at arm’s length (which rights and securities are referred to in this subsection as the “new option” and the “new securities”, respectively), and (c) the amount, if any, by which (i) the total value of the new securities immediately after the disposition (ii) the total amount payable by the taxpayer to acquire the new securities under the new option does not exceed the amount, if any, by which (iii) the total value of the old securities immediately before the disposition (iv) the amount payable by the taxpayer to acquire the old securities under the exchanged option, for the purposes of this section, (d) the taxpayer is deemed (other than for the purposes of subparagraph (9)(d)(ii)) not to have disposed of the exchanged option and not to have acquired the new option, (e) the new option is deemed to be the same option as, and a continuation of, the exchanged option, and (f) if the designated person is not the particular person, the designated person is deemed to be the same person as, and a continuation of, the particular person. Rules where securities exchanged (1.5) For the purposes of this section and paragraphs 110(1)(d) to (d.1), where (a) a taxpayer disposes of or exchanges securities of a particular qualifying person that were acquired by the taxpayer under circumstances to which subsection SUBDIVISION A Income or Loss from an Office or Employment (1.1) applied (in this subsection referred to as the “exchanged securities”), (b) the taxpayer receives no consideration for the disposition or exchange of the exchanged securities other than securities (in this subsection referred to as the “new securities”) of (i) the particular qualifying person, (ii) a qualifying person with which the particular qualifying person does not deal at arm’s length immediately after the disposition or exchange, (iii) a corporation formed on the amalgamation of the particular qualifying person and one or more other corporations, (iv) a mutual fund trust to which the particular qualifying person has transferred property in circumstances to which subsection 132.2(1) applied, or (v) a qualifying person with which the corporation referred to in subparagraph (iii) does not deal at arm’s length immediately after the disposition or exchange, (c) the total value of the new securities immediately after the disposition or exchange does not exceed the total value of the old securities immediately before the disposition or exchange, the following rules apply: (d) the taxpayer is deemed to not have disposed of or exchanged the exchanged securities and to not have acquired the new securities, (e) the new securities are deemed to be the same securities as, and a continuation of, the exchanged securities, except for the purpose of determining if the new securities are identical to any other securities, (f) the qualifying person that issued the new securities is deemed to be the same person as, and a continuation of, the qualifying person that issued the exchanged securities, and (g) where the exchanged securities were issued under an agreement, the new securities are deemed to have been issued under that agreement. (1.6) For the purposes of this section and paragraph 110(1)(d.1), a taxpayer is deemed not to have disposed of a share acquired under circumstances to which subsection (1.1) applied solely because of subsection 128.1(4). (1.7) For the purposes of subsections (1) and 110(1), if a taxpayer receives at a particular time one or more particular amounts in respect of rights of the taxpayer to acquire securities under an agreement referred to in subsection (1) ceasing to be exercisable in accordance with the terms of the agreement, and the cessation would not, if this Act were read without reference to this subsection, constitute a transfer or disposition of those rights by the taxpayer, (a) the taxpayer is deemed to have disposed of those rights at the particular time to a person with whom the taxpayer was dealing at arm’s length and to have received the particular amounts as consideration for the disposition; and (b) for the purpose of determining the amount, if any, of the benefit that is deemed to have been received as a consequence of the disposition referred to in paragraph (a), the taxpayer is deemed to have paid an amount to acquire those rights equal to the amount, if any, by which (i) the amount paid by the taxpayer to acquire those rights (determined without reference to this subsection) (ii) the total of all amounts each of which is an amount received by the taxpayer before the particular time in respect of the cessation. Securities held by trustee
If a security is held by a trustee in trust or otherwise, whether absolutely, conditionally or contingently, for an employee, the employee is deemed, for the purposes of this section and paragraphs 110(1)(d) to (d.1), (a) to have acquired the security at the time the trust began to so hold it; and (b) to have exchanged or disposed of the security at the time the trust exchanged it or disposed of it to any person other than the employee.
(ii) un remboursement des sommes versées au régime par le contribuable ou par un employé décédé dont il est l’héritier ou le représentant légal, dans la mesure où elles n’ont pas été déduites dans le calcul de leur revenu imposable pour une année d’imposition quelconque, (iii) une prestation de retraite ou de pension imputable aux services rendus par une personne au cours d’une période tout au long de laquelle elle ne résidait pas au Canada, (iv) une prestation désignée au sens du paragraphe 144.1(1); Fiducie d’employés h) les sommes qu’un fiduciaire lui attribue dans le cadre d’une fiducie d’employés; Versements dans le cadre d’une entente d’échelonnement du traitement i) l’excédent éventuel du total des montants reçus comme avantages par toute personne au cours de l’année dans le cadre d’une entente d’échelonnement du traitement applicable au contribuable – à l’exclusion des montants reçus dans le cadre de l’entente et ajoutés comme avantages en vertu de l’alinéa a) dans le calcul du revenu du contribuable pour les années d’imposition antérieures, (ii) le total des montants différés et reçus par toute personne au cours des années d’imposition antérieures dans le cadre de l’entente et des montants différés dans le cadre de l’entente et déduits en vertu de l’alinéa 8(1)o) dans le calcul du revenu du contribuable pour l’année ou pour les années d’imposition antérieures; Sommes accordées ou remboursées j) les sommes reçues par le contribuable au cours de l’année et qui lui ont été accordées ou remboursées au titre d’un montant qui serait déductible au titre du paragraphe 8(1) dans le calcul de son revenu s’il n’avait droit à aucune somme accordée ou remboursée, sauf dans la mesure où ces sommes : (i) soit incluses par ailleurs dans le calcul de son revenu pour l’année, A - B where A is (iii) soit prises en compte dans le calcul du montant qu’il déduit en application du paragraphe 8(1) pour l’année ou pour une année d’imposition antérieure; Avantage relatif au fonctionnement d’une automobile k) lorsqu’une somme est déterminée en application du sous-alinéa e)(i) relativement à une automobile dans le calcul du revenu du contribuable pour l’année, qu’un montant au titre du fonctionnement de l’automobile (autrement que dans l’accomplissement des fonctions de la charge ou de l’emploi du contribuable) pour la ou les périodes de l’année au cours desquelles l’automobile a été mise à sa disposition ou à disposition d’une personne avec qui il a un lien de dépendance est payé ou payable par l’employeur, en vertu de l’alinéa e), avant mis l’automobile à sa disposition (cette personne étant le contribuable avec au présent alinéa) et que le total des montants ainsi payés ou payables n’est pas versé au payeur, au cours de l’année ou des 45 jours suivant la fin de l’année, par le contribuable ou par la personne un lien de dépendance relativement à l’automobile, qui correspond au résultat suivant : A - B A représente : (i) dans le cas où l’automobile sert principalement dans l’accomplissement des fonctions de la charge ou de l’emploi du contribuable au cours de la ou des périodes en question et où le contribuable avise son employeur, par écrit, avant la fin de l’année de son intention de se prévaloir du présent sous-alinéa, la moitié de la somme déterminée en application du sous-alinéa e)(i) relativement à l’automobile dans le calcul du revenu du contribuable pour l’année, (ii) dans les autres cas, le produit de la multiplication du montant prescrit pour l’année par le nombre total de kilomètres parcourus par l’automobile (autrement que dans l’accomplissement des fonctions de la charge ou de l’emploi du contribuable) au cours de la ou des périodes en question; B le total des montants relatifs au fonctionnement de l’automobile au cours de l’année versés au payeur, au cours de l’année ou des 45 jours suivant la fin de l’année, par le contribuable ou par une personne qui lui est liée; Frais pour droit d’usage — exception l) le montant représentant la valeur des avantages relatifs au fonctionnement d’une automobile (sauf un avantage auquel l’alinéa k) s’applique ou s’appliquerait Income Tax PART I Income Tax DIVISION B Computation of Income
If a particular qualifying person has agreed to sell or issue securities of the particular person, or of a qualifying person with which it does not deal at arm’s length, to an employee of the particular person or of a qualifying person with which it does not deal at arm’s length, (a) except as provided by this section, the employee is deemed to have neither received nor enjoyed any benefit under or because of the agreement; and (b) the income for a taxation year of any person is deemed to be not less than its income for the year that would have been if a benefit had not been conferred on the employee by the sale or issue of the securities.
A/B × [2% × (C × D) + 2/3 × (E - F)] where A is Impôt sur le revenu
For greater certainty it is hereby declared that, where a person to whom any provision of subsection 7(1) would otherwise apply has ceased to be an employee before all things have happened that would make that provision applicable, subsection 7(1) shall continue to apply as though the person were still an employee and as though the employment were still in existence. Non-application of this section
This section does not apply if the benefit conferred by the agreement was not received in respect of, in the course of, or by virtue of, the employment. Sale to trustee for employees
If a particular qualifying person has entered into an arrangement under which securities of the particular person, or of a qualifying person with which it does not deal at arm’s length, are sold or issued by either person to a trustee to be held by the trustee in trust for sale to an employee of the particular person or of a qualifying person with which it does not deal at arm’s length, (a) for the purposes of this section (other than subsection (2)) and paragraphs 110(1)(d) to (d.1), (i) any particular rights of the employee under the arrangement in respect of those securities are deemed to be rights under a particular agreement with the particular person under which the particular person has agreed to sell or issue securities to the employee, (ii) any securities acquired under the arrangement by the employee or by a person in whom the particular rights have become vested are deemed to be SUBDIVISION A Income or Loss from an Office or Employment securities acquired under the particular agreement, and (iii) any amounts paid or agreed to be paid to the trustee for any securities acquired under the arrangement by the employee or by a person in whom the particular rights have become vested are deemed to be amounts paid or agreed to be paid to the particular person for securities acquired under the particular agreement; and (b) subsection (2) does not apply in respect of securities held by the trustee under the arrangement.
The following definitions apply in this section and in subsection 47(3), paragraph 53(1)(j), subsection 110(0.1), paragraphs 110(1)(d), (d.01) and (e) and subsections 110(1.1) to (1.9) and (2.1). qualifying person means a corporation or a mutual fund trust. (personne admissible) security of a qualifying person means (a) if the person is a corporation, a share of the capital stock of the corporation; and (b) if the person is a mutual fund trust, a unit of the trust. (titre) Prescribed form for deferral
Frais de stationnement (1.1) Pour l’application du présent article, ne sont pas compris parmi les avantages ou montants relatifs à l’usage d’un véhicule à moteur par un contribuable les avantages ou montants relatifs au stationnement de ce véhicule. Réattribution d’une somme reçue (1.2) Pour l’application de l’alinéa (1)g), toute somme reçue par un particulier dans le cadre d’un régime de prestations aux employés est réputée avoir été reçue par un contribuable et non par le particulier si les conditions ci-après sont réunies : a) le particulier a un lien de dépendance avec le contribuable; b) la somme est reçue au titre de la charge ou de l’emploi du contribuable; c) le contribuable est vivant au moment où le particulier reçoit la somme. Frais raisonnables pour droit d’usage d’une automobile
Where, at any time in a taxation year, a taxpayer holds a security that was acquired under circumstances to which subsection (8) applied, the taxpayer shall file with the Minister, with the taxpayer’s return of income for the year, a prescribed form containing prescribed information relating to the taxpayer’s acquisition and disposition of securities under agreements referred to in subsection (1).
Pour l’application de l’alinéa (1)e), la somme qui représente les frais raisonnables pour droit d’usage d’une automobile pendant le nombre total de jours d’une année d’imposition durant lesquels une personne (appelée « employeur » au présent paragraphe) a mis l’automobile à la disposition du contribuable ou d’une personne avec qui il a un lien de dépendance est réputée égale au montant calculé selon la formule suivante : A/B × [2 % × (C × D) + 2/3 × (E - F)] où : A représente : a) le nombre de kilomètres parcourus par l’automobile, autrement que dans l’accomplissement des fonctions de la charge ou de l’emploi du contribuable, pendant le nombre de jours d’essai ou, s’il est moins élevé, le montant représenté par l’élément B, si, à la fois : (i) l’employeur ou la personne liée à celui-ci exige du contribuable qu’il utilise l’automobile dans l’accomplissement des fonctions de sa charge ou de son emploi, Income Tax PART I Income Tax DIVISION B Computation of Income
SUBDIVISION A Income or Loss from an Office or Employment Legal expenses of employee (b) amounts paid by the taxpayer in the year as or on account of legal expenses incurred by the taxpayer to collect, or to establish a right to, an amount owed to the taxpayer that, if received by the taxpayer, would be required by this Subdivision to be included in computing the taxpayer’s income; Clergy residence (c) where, in the year, the taxpayer (i) is a member of the clergy or of a religious order or a regular minister of a religious denomination, and (ii) is (A) in charge of a diocese, parish or congregation, (B) ministering to a diocese, parish or congregation, or (C) engaged exclusively in full-time administrative service by appointment of a religious order or religious denomination, the amount, not exceeding the taxpayer’s remuneration for the year from the office or employment, equal to (iii) the total of all amounts including amounts in respect of utilities, included in computing the taxpayer’s income for the year under section 6 in respect of the residence or other living accommodation occupied by the taxpayer in the course of, or because of, the taxpayer’s office or employment as such a member or minister so in charge of or ministering to a diocese, parish or congregation, or so engaged in such administrative service, or (iv) rent and utilities paid by the taxpayer for the taxpayer’s principal place of residence (or other principal living accommodation), ordinarily occupied during the year by the taxpayer, or the fair rental value of such a residence (or other living accommodation), including utilities, owned by the taxpayer or the taxpayer’s spouse or common-law partner, not exceeding the lesser of (I) $1,000 multiplied by the number of months (to a maximum of ten) in the year, during which the taxpayer is a person described in subparagraphs (i) and (ii), and (II) one-third of the taxpayer’s remuneration for the year from the office or employment, and (B) the amount, if any, by which (I) the rent paid or the fair rental value of the residence or living accommodation, including utilities (II) the total of all amounts each of which is an amount deducted, in connection with the same accommodation or residence, in computing an individual’s income for the year from an office or employment or from a business (other than an amount deducted under this paragraph by the taxpayer), to the extent that the amount can reasonably be considered to relate to the period, or a portion of the period, in respect of which an amount is claimed by the taxpayer under this paragraph; (d) a single amount, in respect of all employments of the taxpayer as a teacher, not exceeding $250 paid by the taxpayer in the year to a fund established by the Canadian Education Association for the benefit of teachers from Commonwealth countries present in Canada under a teachers’ exchange arrangement; Expenses of railway employees (e) amounts disbursed by the taxpayer in the year for meals and lodging while employed by a railway company (i) away from the taxpayer’s ordinary place of residence as a relieving telegrapher or station agent or on maintenance and repair work, or (ii) away from the municipality and the metropolitan area, if there is one, where the taxpayer’s home terminal was located, and at a location from which, by reason of distance from the place where the taxpayer maintained a self-contained domestic establishment in which the taxpayer resided and actually supported a spouse or common-law partner or a person dependent on the taxpayer for support and connected with the taxpayer by blood relationship, marriage or common-law partnership or adoption, the taxpayer could not reasonably be expected to return daily to that place, to the extent that the taxpayer has not been reimbursed and is not entitled to be reimbursed in respect thereof; (f) where the taxpayer was employed in the year in connection with the selling of property or negotiating of contracts for the taxpayer’s employer, and (i) under the contract of employment was required to pay the taxpayer’s own expenses, (ii) was ordinarily required to carry on the duties of the employment away from the employer’s place of business, (iii) was remunerated in whole or part by commissions or other similar amounts fixed by reference to the volume of the sales made or the contracts negotiated, and (iv) was not in receipt of an allowance for travel expenses in respect of the taxation year that was, by virtue of subparagraph 6(1)(b)(v), not included in computing the taxpayer’s income, amounts expended by the taxpayer in the year for the purpose of earning the income from the employment (not exceeding the commissions or other similar amounts referred to in subparagraph 8(1)(f)(iii) and received by the taxpayer in the year) to the extent that those amounts were not (v) outlays, losses or replacements of capital or payments on account of capital, except as described in paragraph 8(1)(j), (vi) outlays or expenses that would, by virtue of paragraph 18(1)(l), not be deductible in computing the taxpayer’s income for the year if the employment were a business carried on by the taxpayer, or (vii) amounts the payment of which reduced the amount that would otherwise be included in computing the taxpayer’s income for the year because of paragraph 6(1)(e); (g) where the taxpayer was an employee of a person whose principal business was passenger, goods, or passenger and goods transport and the duties of the employment required the taxpayer, regularly, (i) to travel, away from the municipality where the employer’s establishment to which the taxpayer reported for work was located and away from the metropolitan area, if there is one, where it was located, on vehicles used by the employer to transport the goods or passengers, and (ii) while so away from that municipality and metropolitan area, to make disbursements for meals and lodging, amounts so disbursed by the taxpayer in the year to the extent that the taxpayer has not been reimbursed and is not entitled to be reimbursed in respect thereof; Travel expenses (h) where the taxpayer, in the year, (i) was ordinarily required to carry on the duties of the office or employment away from the employer’s place of business or in different places, and (ii) was required under the contract of employment to pay the travel expenses incurred by the taxpayer in the performance of the duties of the office or employment, amounts expended by the taxpayer in the year (other than motor vehicle expenses) for travelling in the course of the office or employment, except where the taxpayer (iii) received an allowance for travel expenses that was, because of subparagraph 6(1)(b)(v), 6(1)(b)(vi) or 6(1)(b)(vii), not included in computing the taxpayer’s income for the year, or Motor vehicle travel expenses (i) was ordinarily required to carry on the duties of the office or employment away from the employer’s place of business or in different places, and (ii) was required under the contract of employment to pay motor vehicle expenses incurred in the performance of the duties of the office or employment, amounts expended by the taxpayer in the year in respect of motor vehicle expenses incurred for travelling in the course of the office or employment, except where the taxpayer (iii) received an allowance for motor vehicle expenses that was, because of paragraph 6(1)(b), not included in computing the taxpayer’s income for the year, or SUBDIVISION A Income or Loss from an Office or Employment (iv) claims a deduction for the year under paragraph 8(1)(f); Dues and other expenses of performing duties (i) an amount paid by the taxpayer in the year, or on behalf of the taxpayer in the year if the amount paid on behalf of the taxpayer is required to be included in the taxpayer’s income for the year, as (ii) annual professional membership dues the payment of which was necessary to maintain a professional status recognized by statute, (ii) office rent, or salary to an assistant or substitute, the payment of which by the officer or employee was required by the contract of employment, (iii) the cost of supplies that were consumed directly in the performance of the duties of the office or employment and that the officer or employee was required by the contract of employment to supply and pay for, (iv) annual dues to maintain membership in a trade union as defined (A) by section 3 of the Canada Labour Code, or (B) in any provincial statute providing for the investigation, conciliation or settlement of industrial disputes, or to maintain membership in an association of public servants the primary object of which is to promote the improvement of the members’ conditions of employment or work, (v) annual dues that were, pursuant to the provisions of a collective agreement, retained by the taxpayer’s employer from the taxpayer’s remuneration and paid to a trade union or association designated in subparagraph 8(1)(i)(iv) of which the taxpayer was not a member, (vi) dues to a parity or advisory committee or similar body, the payment of which was required under the laws of a province in respect of the employment for the year, and (vii) dues to a professions board, the payment of which was required under the laws of a province, to the extent that the taxpayer has not been reimbursed, and is not entitled to be reimbursed in respect thereof; SUBDIVISION A Income or Loss from an Office or Employment Motor vehicle and aircraft costs (j) where a deduction may be made under paragraph 8(1)(f), 8(1)(h) or 8(1)(h.1) in computing the taxpayer's income from an office or employment for a taxation year, (i) any interest paid by the taxpayer in the year on borrowed money used for the purpose of acquiring, or on an amount payable for the acquisition of, property that is (A) a motor vehicle that is used, or (B) an aircraft that is required for use in the performance of the duties of the taxpayer's office or employment, and (ii) such part, if any, of the capital cost to the taxpayer of (A) a motor vehicle that is used, or (B) an aircraft that is required for use in the performance of the duties of the office or employment as is allowed by regulation; (l.1) any amount payable by the taxpayer in the year (i) as an employer's premium under the employment Insurance Act, or (ii) as an employer's contribution under the Canada Pension Plan or under a provincial pension plan as defined in section 3 of the Canada Pension Plan, in respect of salary, wages or other remuneration, including gratuities, paid to an individual employed by the taxpayer as an assistant or substitute to perform the duties of the taxpayer's office or employment if an amount is deductible by the taxpayer for the year under subparagraph 8(1)(i)(ii) in respect of that individual; (l.2) an amount payable by the taxpayer in the year as an employer's premium under the Act respecting parental insurance, R.S.Q., c. A-29.011 in respect of salary, wages or other remuneration, including gratuities, paid to an individual employed by the taxpayer as an assistant or substitute to perform the duties of the taxpayer's office or employment if an amount is deductible by the taxpayer for the year under subparagraph (i)(ii) in respect of that individual; Employee's registered pension plan contributions (m) the amount in respect of contributions to registered pension plans that, by reason of subsection 147.2(4), is deductible in computing the taxpayer's income for the year; Employee RCA contributions (m.2) an amount contributed by the taxpayer in the year to a pension plan in respect of services rendered by the taxpayer where the plan is a prescribed plan established by an enactment of Canada or a province or where (i) the plan is a retirement compensation arrangement, (ii) the amount was paid to a custodian (within the meaning assigned by the definition retirement compensation arrangement in subsection 248(1)) of the arrangement who is resident in Canada, and (A) the taxpayer was required, by the terms of the taxpayer's office or employment, to contribute the amount, and the total of the amount contributed to the plan in the year by the taxpayer does not exceed the total of the amount contributed to the plan in the year by any other person in respect of the taxpayer, or (B) the plan is a pension plan the registration of which under this Act was revoked (other than a plan the registration of which was revoked as of the effective date of its registration) and the amount was contributed in accordance with the terms of the plan as last registered; (n) an amount paid by or on behalf of the taxpayer in the year pursuant to an arrangement (other than an arrangement described in subparagraph (b)(ii) of the definition top-up disability payment in subsection 6(17)) under which the taxpayer is required to reimburse any amount paid to the taxpayer for a period throughout which the taxpayer did not perform the duties of the office or employment, to the extent that (i) the amount so paid to the taxpayer for the period was included in computing the taxpayer's income from an office or employment, and (ii) the total of amounts so reimbursed does not exceed the total of amounts received by the taxpayer for the period throughout which the taxpayer did not perform the duties of the office or employment; Reimbursement of disability payments (i) as a consequence of the receipt of a payment (in this paragraph referred to as the “deferred payment”) from an insurer, a payment (in this paragraph referred to as the “reimbursement payment”) is made by or on behalf of an individual to an employer or former employer of the individual pursuant to an arrangement described in subparagraph (b)(ii) of the definition top-up disability payment in subsection 6(17), and (ii) the reimbursement payment is made (A) in the year, other than within the first 60 days of the year if the deferred payment was received in the immediately preceding taxation year, or (B) within 60 days after the end of the year, if the deferred payment was received in the year, an amount equal to the lesser of (iii) the amount included under paragraph 6(1)(f) in respect of the deferred payment in computing the individual’s income for any taxation year, and Forfeited amounts (o) where at the end of the year the rights of any person to receive benefits under a salary deferral arrangement in respect of the taxpayer have been extinguished or no person has any further right to receive any amount under the arrangement, the amount, if any, by which the total of all deferred amounts under the arrangement included in computing the taxpayer’s income for the year and preceding taxation years as benefits under paragraph 6(1)(a) exceeds the total of (i) all such deferred amounts received by any person in that year or preceding taxation years out of or under the arrangement, (ii) all such deferred amounts receivable by any person in subsequent taxation years out of or under the arrangement, and (iii) all amounts deducted under this paragraph in computing the taxpayer’s income for preceding taxation years in respect of deferred amounts under the arrangement; (o.1) an amount that is deductible in computing the taxpayer’s income for the year because of subsection 144(9); Excess EPSP amounts (o.2) an amount that is an excess EPSP amount (as defined in subsection 207.8(1)) of the taxpayer for the year, other than any portion of the excess EPSP amount for which the taxpayer’s tax for the year under subsection 207.8(2) is waived or cancelled; (p) where the taxpayer was employed in the year as a musician and as a term of the employment was required to provide a musical instrument for a period in the year, an amount (not exceeding the taxpayer’s income for the year from the employment, computed without reference to this paragraph) equal to the total of (i) amounts expended by the taxpayer before the end of the year for the maintenance, rental or insurance of the instrument for that period, except to the extent that the amounts are otherwise deducted in computing the taxpayer’s income for any taxation year, and (ii) such part, if any, of the capital cost to the taxpayer of the instrument as is allowed by regulation; Artists’ employment expenses (q) where the taxpayer’s income for the year from the office or employment includes income from an artistic activity (i) that was the creation by the taxpayer of, but did not include the reproduction of, paintings, prints, etchings, drawings, sculptures or similar works of art, (ii) that was the composition by the taxpayer of a dramatic, musical or literary work, (iii) that was the performance by the taxpayer of a dramatic or musical work as an actor, dancer, singer or musician, or (iv) in respect of which the taxpayer was a member of a professional artists’ association that is certified by the Minister of Communications, amounts paid by the taxpayer before the end of the year in respect of expenses incurred for the purpose of earning the income from those activities to the extent that they were not deductible in computing the taxpayer's income for a preceding taxation year, but not exceeding a single amount in respect of all such offices and employments of the taxpayer equal to the amount, if any, by which (v) the lesser of $1,000 and 20% of the total of all amounts each of which is the taxpayer's income from an office or employment for the year, before deducting any amount under this section, that was income from an artistic activity described in any of subparagraphs 8(1)(q)(i) to 8(1)(q)(iv), (vi) the total of all amounts deducted by the taxpayer for the year under paragraph 8(1)(g) or 8(1)(p) in respect of costs or expenses incurred for the purpose of earning the income from such an activity for the year; (r) if the taxpayer was an eligible apprentice mechanic at any time after 2001 and before the end of the taxation year, the amount claimed by the taxpayer for the taxation year under this paragraph not exceeding the lesser of (i) the taxpayer’s income for the taxation year computed without reference to this paragraph, and (ii) the amount determined by the formula A is the total of all amounts each of which is the cost to the taxpayer of an eligible tool acquired in the taxation year by the taxpayer or, if the taxpayer first becomes employed as an eligible apprentice mechanic in the taxation year, the cost to the taxpayer of an eligible tool acquired by the taxpayer in the last three months of the preceding taxation year, B is the lesser of (A) the value of A for the taxation year in respect of the taxpayer, and (I) the amount that is the total of the first dollar amount referred to in paragraph (s) and the amount determined for the taxation year for B in subsection 118(10), and SUBDIVISION A Income or Loss from an Office or Employment
(a) loss of, or damage to, the automobile, or Automobile salesperson Impôt sur le revenu
C is the amount by which the amount determined under this subparagraph for the preceding taxation year in respect of the taxpayer exceeds the amount deducted under this paragraph for that preceding taxation year by the taxpayer; (s) if the taxpayer is employed as a tradesperson at any time in the taxation year, the lesser of $1,000 and the amount determined by the formula A is the lesser of (i) the total of all amounts each of which is the cost of an eligible tool acquired by the taxpayer in the year, and (A) the amount that would, if this subsection were read without reference to this paragraph, be the taxpayer’s income for the taxation year from employment as a tradesperson in the taxation year, and (B) the amount, if any, by which the amount required by paragraph 56(1)(n.1) to be included in computing the taxpayer’s income for the taxation year exceeds the amount required by paragraph 60(p) to be deducted in computing that income; and Labour mobility deduction (t) if the taxpayer is an eligible tradesperson for the year, an amount equal to the lesser of (i) $4,000, and (ii) the total of all amounts each of which is a temporary relocation deduction of the taxpayer for the year in respect of an eligible temporary relocation of the taxpayer. SUBDIVISION A Income or Loss from an Office or Employment
Except as permitted by this section, no deductions shall be made in computing a taxpayer’s income for a taxation year from an office or employment.
An amount expended in respect of a meal consumed by a taxpayer who is an officer or employee shall not be included in computing the amount of a deduction under paragraph 8(1)(f) or 8(1)(h) unless the meal was consumed during a period while the taxpayer was required by the taxpayer’s duties to be away, for a period of not less than twelve hours, from the municipality where the employer’s establishment to which the taxpayer ordinarily reported for work was located and away from the metropolitan area, if there is one, where it was located.
(iii) la distance parcourue par l’automobile pendant le nombre de jours ci-dessus est parcourue principalement dans l’accomplissement de ces fonctions; b) le montant représenté par l’élément B, dans les autres cas; B le produit obtenu en multipliant 1 667 par le quotient obtenu en divisant le total des jours ci-dessus par 30, si le quotient ainsi obtenu n’est pas un nombre entier et qu’il est supérieur à un, en l’arrondissant au nombre entier le plus proche ou, si ce quotient est équidistant de deux nombres entiers consécutifs, en l’arrondissant au plus petit de ces deux nombres; C le coût de l’automobile pour l’employeur ou pour la personne qui lui est liée si l’un ou l’autre est propriétaire de l’automobile à un moment de l’année; D le nombre obtenu en divisant par 30 le nombre total de jours-ci-dessus où l’employeur est propriétaire de l’automobile, si le quotient ainsi obtenu n’est pas un nombre entier et qu’il est supérieur à un, en l’arrondissant au nombre entier le plus proche ou, si ce quotient est équidistant de deux nombres entiers consécutifs, en l’arrondissant au plus petit de ces deux nombres; E le total des montants qu’il est raisonnable de considérer comme payables à un bailleur par l’employeur ou par la personne qui lui est liée, pour la location de l’automobile, pendant le nombre de jours où l’automobile est louée à l’employeur ou à la personne qui lui est liée, compris dans le nombre total de jours ci-dessus; F la partie du total représenté par l’élément E qu’il est raisonnable de considérer comme payable au bailleur au titre de tout ou partie du coût, pour celui-ci, de l’assurance : a) contre la perte de l’automobile ou les dommages à celle-ci; b) pour la responsabilité qui peut découler de son utilisation ou de son fonctionnement. Vendeur d’automobiles (2.1) Lorsque, au cours d’une année d’imposition, l’emploi d’un contribuable consiste principalement à vendre ou à louer des automobiles et que l’employeur du contribuable a mis au cours de l’année à la disposition du contribuable ou d’une personne liée à celui-ci une automobile lui appartenant, et enfin que l’employeur a engagé une ou plusieurs automobiles au cours de l’année, la somme qui représente les frais raisonnables pour droit biles, ness by by (B) the number of automobiles described in clause (6.2)(1)(e)(ii)(A). COVID-19 — automobile operating expense benefit Impôt sur le revenu
Notwithstanding subparagraphs 8(1)(i)(i), 8(1)(i)(iv), 8(1)(i)(vi) and 8(1)(i)(vii), dues are not deductible under those subparagraphs in computing a taxpayer’s income from an office or employment to the extent that they are, in effect, levied (a) for or under a superannuation fund or plan; (b) for or under a fund or plan for annuities, insurance (other than professional or malpractice liability insurance that is necessary to maintain a professional status recognized by statute) or similar benefits; or (c) for any other purpose not directly related to the ordinary operating expenses of the committee or similar body, association, board or trade union, as the case may be. (a) a taxpayer is an eligible apprentice mechanic in a taxation year if, at any time in the taxation year, the taxpayer (i) is registered in a program established in accordance with the laws of Canada or of a province that leads to designation under those laws as a mechanic licensed to repair self-propelled motorized vehicles, and (ii) is employed as an apprentice mechanic; (b) an eligible tool is a tool (including ancillary equipment) that (i) is acquired by a taxpayer for use in connection with the taxpayer’s employment as an eligible apprentice mechanic, (ii) has not been used for any purpose before it is acquired by the taxpayer, (iii) is certified in prescribed form by the taxpayer’s employer to be required to be provided by the taxpayer as a condition of, and for use in, the taxpayer’s employment as an eligible apprentice mechanic, and (iv) is, unless the device or equipment can be used only for the purpose of measuring, locating or calculating, not an electronic communication device or electronic data processing equipment; and (c) a taxpayer who, for a taxation year, is not an eligible apprentice mechanic and has an excess amount determined under the description of C in subparagraph (1)(r)(ii) is, for the taxation year, entitled to claim a deduction under that paragraph as if that excess amount were wholly applicable to an employment of the taxpayer. (6.1) For the purposes of paragraph (1)(s), an eligible tool of a taxpayer is a tool (including ancillary equipment) that (a) is acquired by the taxpayer on or after May 2, 2006 for use in connection with the taxpayer’s employment as a tradesperson; SUBDIVISION A Income or Loss from an Office or Employment (b) has not been used for any purpose before it is acquired by the taxpayer; (c) is certified in prescribed form by the taxpayer’s employer to be required to be provided by the taxpayer as a condition of, and for use in, the taxpayer’s employment as a tradesperson; and (d) is, unless the device or equipment can be used only for the purpose of measuring, locating or calculating, not an electronic communication device or electronic data processing equipment.
Except for the purposes of the description of A in subparagraph (1)(r)(ii) and the description of A in paragraph (1)(s), the cost to a taxpayer of an eligible tool the cost of which was included in determining the value of one or both of those descriptions in respect of the taxpayer for a taxation year is the amount determined by the formula K is the cost to the taxpayer of the tool determined without reference to this subsection; (a) if the tool is a tool to which only paragraph (1)(r) applies in the taxation year, the amount that would be determined under subparagraph (1)(r)(ii) in respect of the taxpayer for the taxation year if the value of C in that subparagraph were nil, (b) if the tool is a tool to which only paragraph (1)(s) applies in the taxation year, the amount determined under that paragraph to be deductible by the taxpayer in the taxation year, or (c) if the tool is a tool to which both paragraphs (1)(r) and (s) apply in the taxation year, the amount that is the total of (i) the amount that would be determined under subparagraph (1)(r)(ii) in respect of the taxpayer for the taxation year if the value of C in that subparagraph were nil, and (ii) the amount determined under paragraph (1)(s) to be deductible by the taxpayer in the taxation year; and M is the amount that is (a) if the tool is a tool to which only paragraph (1)(r) applies in the taxation year, the value of A determined under subparagraph (1)(f)(ii) in respect of the taxpayer for the taxation year, (b) if the tool is a tool to which only paragraph (1)(s) applies in the taxation year, the amount determined under subparagraph (i) of the description of A in paragraph (1)(s) in respect of the taxpayer for the taxation year, and (c) if the tool is a tool to which both paragraphs (1)(r) and (s) apply in the taxation year, the amount that is the greater of the value of A determined under subparagraph (1)(f)(ii) in respect of the taxpayer for the taxation year and the amount determined under subparagraph (i) of the description of A in paragraph (1)(s) in respect of the taxpayer for the taxation year.
Notwithstanding any other provision of this Act, the total of all amounts that would otherwise be deductible by a taxpayer pursuant to paragraph 8(1)(f), 8(1)(h) or 8(1)(j) for travelling in the course of the taxpayer’s employment in an aircraft that is owned by the taxpayer, may not exceed an amount that is reasonable in the circumstances having regard to the relative cost and availability of other modes of transportation. Certificate of employer
An amount otherwise deductible for a taxation year under paragraph (1)(c), (f), (h) or (h.1) or subparagraph (1)(i)(ii) or (iii) by a taxpayer shall not be deducted unless the taxpayer’s employer confirms in prescribed form that the conditions set out in the applicable provisions were met in the year in respect of the taxpayer and the form is filed with the taxpayer’s return of income for the year. Goods and services tax
d’usage de l’automobile est, au choix de l’employeur et malgré le paragraphe (2), calculée comme si : a) d’une part, le pourcentage « 2 % » qui figure à ce paragraphe était remplacé par le pourcentage « 1 1/2 % » ; b) d’autre part, le coût, pour l’employeur, de l’auto- mobile était le plus élevé des montants suivants : (i) le quotient de la division, par le nombre d’auto- mobiles neuves que l’employeur a acquises au cours de l’année en vue de les vendre ou de les louer dans le cours des activités de son entreprise, du coût de ces automobiles neuves pour l’employeur, (ii) le quotient de la division, par le nombre d’auto- mobiles que l’employeur a acquises au cours de l’année en vue de les vendre ou de les louer dans le cours des activités de son entreprise, du coût de ces automobiles pour l’employeur. COVID-19 — avantage relatif au fonctionnement d’une automobile (2.2) Si un contribuable a rempli la condition énoncée au sous-alinéa (iv) de l’élément A de la formule figurant à l’alinéa (1)k) pour l’année d’imposition 2019 relativement à l’utilisation d’une automobile que l’employeur ou une personne liée à l’employeur a mise à sa disposition, ou à la disposition d’une personne qui lui est liée, pour l’application de l’alinéa (1)k) relativement à une automobile fournie par cet employeur, ou cette per- sonne liée, en 2020 ou 2021 (appelée « année applicable » au présent paragraphe), la valeur de l’élément A de la formule figurant à cet alinéa relativement à l’automobile pour l’année applicable est réputée être le moins élevé des montants suivants : a) la moitié de la somme déterminée en application du sous-alinéa (1)e)(i) relativement à l’automobile pour l’année applicable; Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this section and section 6, the amount of any rebate paid or payable to a taxpayer under the Excise Tax Act in respect of the goods and services tax shall be deemed not to be an amount that is reimbursed to the taxpayer or to which the taxpayer is entitled. Forfeiture of securities by employee
COVID-19 — reasonable standby charge Impôt sur le revenu
If, in a taxation year, (a) an employee is deemed by subsection 7(2) to have disposed of a security (as defined in subsection 7(7)) held by a trust, SUBDIVISION A Income or Loss from an Office or Employment (b) the trust disposed of the security to the person that issued the security, (c) the disposition occurred as a result of the employee not meeting the conditions necessary for title to the security to vest in the employee, and (d) the amount paid by the person to acquire the security from the trust or to redeem or cancel the security did not exceed the amount paid to the person for the security, the following rules apply: (e) there may be deducted in computing the employee’s income for the year from employment the amount, if any, by which (i) the amount of the benefit deemed by subsection 7(1) to have been received by the employee in the year or a preceding taxation year in respect of the security (ii) any amount deducted under paragraph 110(1)(d) or (d.1) in computing the employee’s taxable income for the year or a preceding taxation year in respect of that benefit, and (f) notwithstanding any other provision of this Act, the employee’s gain or loss from the disposition of the security is deemed to be nil and section 84 does not apply to deem a dividend to have been received in respect of the disposition. Work space in home (a) no amount is deductible in computing an individual’s income for a taxation year from an office or employment in respect of any part (in this subsection referred to as the “work space”) of a self-contained domestic establishment in which the individual resides, except to the extent that the work space is either (i) the place where the individual principally performs the duties of the office or employment, or (ii) used exclusively during the period in respect of which the amount relates for the purpose of earning income from the office or employment and used on a regular and continuous basis for meeting customers or other persons in the ordinary course of performing the duties of the office or employment; (b) where the conditions set out in subparagraph 8(13)(a)(i) or 8(13)(a)(ii) are met, the amount in respect of the work space that is deductible in computing the individual’s income for the year from the office or employment shall not exceed the individual’s income for the year from the office or employment, computed without reference to any deduction in respect of the work space; and (c) any amount in respect of a work space that was, solely because of paragraph 8(13)(b), not deductible in computing the individual’s income for the immediately preceding taxation year from the office or employment shall be deemed to be an amount in respect of a work space that is otherwise deductible in computing the individual’s income for the year from that office or employment and that, subject to paragraph 8(13)(b), may be deducted in computing the individual’s income for the year from the office or employment.
For the purposes of this subsection and paragraph (1)(t), (a) a taxpayer is an eligible tradesperson for a taxation year if, in the taxation year, the taxpayer has income from employment as a tradesperson or apprentice and performs their duties of employment in construction activities described in subsection 238(1) of the Income Tax Regulations; (b) a temporary work location of a taxpayer is a location in Canada (i) at which the taxpayer performs their duties of employment under a temporary employment contract, and (ii) that is not situated in the locality where the taxpayer is ordinarily employed or carrying on business; (c) an eligible temporary relocation of a taxpayer is a temporary relocation that meets the following conditions: (i) the relocation is undertaken by the taxpayer to enable the taxpayer to perform their duties of employment as an eligible tradesperson at one or more temporary work locations of the taxpayer within the same locality, (ii) prior to the relocation, the taxpayer ordinarily resided at a residence in Canada (in this subsection referred to as the “ordinary residence”), (iii) the taxpayer was required by their duties of employment referred to in subparagraph (i) to be away from the ordinary residence for a period of not less than 36 hours, (iv) during the temporary relocation, the taxpayer temporarily resided at one or more lodgings in Canada (in this subsection referred to as the “temporary lodging”), and (v) the distance between the ordinary residence and each temporary work location of the taxpayer referred to in subparagraph (i) is not less than 150 kilometres greater than the distance between each temporary lodging referred to in subparagraph (iv) and each temporary work location of the taxpayer referred to in subparagraph (i); (d) subject to paragraph (e), an eligible temporary relocation expense of a taxpayer for a taxation year is a reasonable expense incurred by the taxpayer during the taxation year, the previous taxation year or prior to February 1 of the following taxation year, in respect of (i) transportation for one round trip per eligible temporary relocation by the taxpayer between the ordinary residence and the temporary lodging, (ii) meals consumed by the taxpayer during the round trip described in subparagraph (i), and (iii) the taxpayer’s temporary lodging if, throughout the period of the taxpayer’s temporary relocation, (A) the taxpayer maintains their ordinary residence as their principal place of residence, and (B) the ordinary residence remains available for the taxpayer’s occupancy and is not rented to any other person; (e) an eligible temporary relocation expense described in paragraph (d) does not include an expense incurred by the taxpayer to the extent that (i) the expense is deducted (other than under paragraph (1)(t)) in computing the taxpayer’s income for any taxation year, (ii) the expense was deductible under paragraph (1)(t) by the taxpayer for the immediately preceding taxation year, or (iii) the taxpayer is entitled to receive a reimbursement, allowance or any other form of assistance SUBDIVISION A Income or Loss from an Office or Employment (other than an amount that is included in computing the income for any taxation year of the taxpayer and that is not deductible in computing the income of the taxpayer) in respect of the expense; and (f) a taxpayer’s temporary relocation deduction for a taxation year in respect of an eligible temporary relocation of the taxpayer is the lesser of (i) the total eligible temporary relocation expenses of the taxpayer for the taxation year incurred in respect of the eligible temporary relocation, and (ii) half of the taxpayer’s total income for the taxation year from employment as an eligible tradesperson at all temporary work locations referred to in subparagraph (c)(ii) in respect of the eligible temporary relocation (computed without reference to this section). Income or Loss from a Business or Property
Subject to section 31, a taxpayer’s loss for a taxation year from a business or property is the amount of the taxpayer’s loss, if any, for the taxation year from that source computed by applying the provisions of this Act respecting computation of income from that source with such modifications as the circumstances require. Gains and losses not included
COVID-19 — frais raisonnables pour droit d’usage d’une automobile (2.3) Un contribuable est réputé remplir la condition énoncée au sous-alinéa a)(ii) de l’élément A de la formule figurant au paragraphe (2) relativement à l’employeur du contribuable ou une personne liée à l’employeur pour l’année d’imposition 2020 ou 2021 lorsqu’il a rempli les conditions énoncées aux sous-alinéas a)(i) et (ii) de l’élément A de la formule figurant au paragraphe (2) pour l’année d’imposition 2019 relativement à une automobile que l’employeur ou une personne liée à celui-ci a mise à sa disposition, ou à la disposition d’une personne qui lui est liée. Paiements faits par l’employeur à l’employé
In this Act, “income from a property” does not include any capital gain from the disposition of that property and “loss from a property” does not include any capital loss from the disposition of that property.
La somme qu’une personne a reçue d’une autre personne : a) soit pendant une période où le bénéficiaire était un dirigeant ou employé du payeur, b) soit au titre ou en paiement intégral ou partiel d’une obligation découlant d’une convention intervenue entre le payeur et le bénéficiaire immédiatement avant, pendant ou immédiatement après une période où ce bénéficiaire était un cadre du payeur ou un employé de ce dernier, est réputée être, pour l’application de l’article 5, une rémunération des services que le bénéficiaire a rendus à titre de cadre ou pendant sa période d’emploi, sauf s’il est établi que, indépendamment de la date où a été conclue l’éventuelle convention en vertu de laquelle cette somme a été reçue ou de la forme ou des effets juridiques de cette convention, il n’est pas raisonnable de considérer cette somme comme ayant été reçue, selon le cas : c) à titre de contrepartie totale ou partielle de l’acceptation de la charge ou de la conclusion du contrat d’emploi; d) à titre de rémunération totale ou partielle des services rendus comme cadre ou conformément au contrat d’emploi; e) à titre de contrepartie totale ou partielle d’un engagement prévoyant ce que le cadre ou l’employé doit faire, ou ne peut faire, avant ou après la cessation de l’emploi.
Adventure in the nature of trade (1.01) For the purpose of computing a taxpayer’s income from a business that is an adventure or concern in the nature of trade, property described in an inventory shall be valued at the cost at which the taxpayer acquired the property. Certain expenses included in cost (1.1) For the purposes of subsections 10(1), 10(1.01) and 10(10), where land is described in an inventory of a business of a taxpayer, the cost at which the taxpayer acquired the land shall include each amount that is (a) described in paragraph 18(2)(a) or (b) in respect of the land and for which no deduction is permitted to the taxpayer, or to another person or partnership that is (i) a person or partnership with whom the taxpayer does not deal at arm’s length, (ii) if the taxpayer is a corporation, a person or partnership that is a specified shareholder of the taxpayer, or (iii) if the taxpayer is a partnership, a person or partnership whose share of any income or loss of the taxpayer is 10% or more; and (b) not included in or added to the cost to that other person or partnership of any property otherwise than because of paragraph 53(1)(d.3) or subparagraph 53(1)(e)(xi).
[Repealed, 1995, c. 3, s. 1] Cost of property or service GST rebates re costs of property or service
Notwithstanding subsection 10(1), for the purpose of computing income for a taxation year from a business, the inventory at the commencement of the year shall be valued at the same amount as the amount at which it was valued at the end of the preceding taxation year for the purpose of computing income for that preceding year. (2.1) Where property described in an inventory of a taxpayer’s business that is not an adventure or concern in the nature of trade is valued at the end of a taxation year in accordance with a method permitted under this section, that method shall, subject to subsection 10(6), be used in the valuation of property described in the inventory at the end of the following taxation year for the purpose of computing the taxpayer’s income from the business unless the taxpayer, with the concurrence of the Minister and on any terms and conditions that are specified by the Minister, adopts another method permitted under this section.
If Contributions to an employee benefit plan
Where the inventory of a business at the commencement of a taxation year has, according to the method adopted by the taxpayer for computing income from the business for that year, not been valued as required by subsection 10(1), the inventory at the commencement of that year shall, if the Minister so directs, be deemed to have been valued as required by that subsection. Fair market value
For the purposes of subparagraph 6(1)(g)(ii), exceeds
For the purpose of subsection 10(1), the fair market value of property (other than property that is obsolete, damaged or defective or that is held for sale or lease or for the purpose of being processed, fabricated, manufactured, incorporated into, attached to, or otherwise converted into property for sale or lease) that is (a) work in progress at the end of a taxation year of a business that is a profession means the amount that can reasonably be expected to become receivable in respect thereof after the end of the year; and (b) advertising or packaging material, parts, supplies or other property (other than work in progress of a business that is a profession) that is included in inventory means the replacement cost of the property.
Intérêts sur une dette d’un employé
Without restricting the generality of this section, (a) property (other than capital property) of a taxpayer that is advertising or packaging material, parts or supplies or work in progress of a business that is a profession is, for greater certainty, inventory of the taxpayer; (b) anything used primarily for the purpose of advertising or packaging property that is included in the inventory of a taxpayer shall be deemed not to be property held for sale or lease or for any of the purposes referred to in subsection 10(4); and (c) property of a taxpayer, the cost of which to the taxpayer was deductible by virtue of paragraph 20(1)(mm), is, for greater certainty, inventory of the taxpayer having a cost to the taxpayer, except for the purposes of that paragraph, of nil.
La somme à l’égard d’un prêt ou d’une dette qui est réputée, en vertu du paragraphe 80.4(1), être un avantage qu’un particulier reçoit au cours d’une année d’imposition est à inclure dans le calcul de son revenu pour l’année à titre de revenu d’une charge ou d’un emploi. Cotisations à un régime de prestations aux employés
Notwithstanding subsection 10(1), for the purpose of computing the income of an individual who has a trust for a taxation year from a business that is the individual’s artistic endeavour, the value of the inventory of the business for that year shall, if the individual so elects in the individual’s return of income under this Part for the year, be deemed to be nil. Value in later years
Pour l’application du sous-alinéa 1(g)(ii) : a) le montant inclus dans le revenu d’un particulier à l’égard d’un régime de prestations aux employés pour une année d’imposition antérieure à celle où il a été payé au régime est réputé être un montant versé au régime par le particulier; b) lorsqu’un montant est reçu au cours d’une année d’imposition par un particulier d’un régime de prestations aux employés qui était, au cours d’une année antérieure, une fiducie d’employés, est réputée être la fraction de sommes versées au régime par le particulier la partie de la somme reçue par lui qui ne dépasse pas l’excédent éventuel du moindre des montants suivants : (i) l’excédent éventuel du total visé à la division (A) sur le total visé à la division (B) : (A) le total des sommes attribuées au particulier, ou à une personne décédée dont il est l’héritier ou le représentant légal, par le fiduciaire du régime à un moment où ce régime était une fiducie d’employés, (B) le total des montants antérieurement payés ou sortis du régime au particulier, ou pour son compte, ou celui de la personne décédée, à un moment où le régime était une fiducie d’employés, (ii) la fraction de l’excédent éventuel du coût pour le régime de ses biens immédiatement avant qu’il cesse d’être une fiducie d’employés sur son passif de ce moment représentée par le rapport entre : exceeds Idem Application exceeds (ii) the total of soit qu’il ne réside pas au Canada au moment où il rend ces services, (ii) soit qui a résidé au Canada pendant une période d’au maximum 36 des 72 mois précédant le moment où il rend ces services et était un employé auquel l’entente s’appliquait avant qu’il ne commence à résider au Canada; b) on ne peut raisonnablement le considérer comme correspondant à des services rendus ou à rendre pendant une autre période — où l’employé réside au Canada — que celle visée au sous-alinéa a)(ii). Entente faisant partie d’un régime ou arrangement
Where an individual has made an election pursuant to subsection 10(6) for a taxation year, the value of the inventory of a business that is the individual’s artistic endeavour shall, for each subsequent taxation year, be deemed to be nil unless the individual, with the concurrence of the Minister and on such terms and conditions as are specified by the Minister, revokes the election. Definition of business that is an individual’s artistic endeavour
Pour l’application de la présente loi, lorsque des montants différés dans le cadre d’une entente d’étalement du traitement applicable à un contribuable doivent être ajoutés comme avantages en vertu de l’alinéa 6(1)a) dans le calcul du revenu du contribuable et que l’entente fait partie d’un régime ou arrangement (ci-après appelé « régime ») dans le cadre duquel des montants ou des avantages non liés aux montants différés sont payables ou fournis, les dispositions suivantes s’appliquent : a) l’entente est réputée distincte et indépendante des autres parties du régime ou de l’arrangement; b) un montant reçu comme avantage à un moment donné dans le cadre du régime ou de l’arrangement par une personne qui a droit à un montant différé dans le cadre de l’entente est réputé reçu dans le cadre de l’entente, jusqu’à concurrence de l’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le total des montants différés dans le cadre de l’entente qui ont été ajoutés comme avantages en vertu de l’alinéa 6(1)a) dans le calcul du revenu du contribuable pour les années d’imposition se terminant avant ce moment, (ii) le total des montants suivants : (A) les montants différés reçus par une personne avant ce moment dans le cadre du régime ou de l’arrangement et réputés par le présent alinéa reçus dans le cadre de l’entente, (B) les montants différés dans le cadre de l’entente déduits en vertu de l’alinéa 8(1)o) dans le calcul du revenu du contribuable pour l’année ou pour les années d’imposition antérieures. Forgiveness of employee debt
For the purpose of this section, business that is an individual’s artistic endeavour means the business of creating paintings, prints, etchings, drawings, sculptures or similar works of art, where such works of art are created by the individual, but does not include a business of reproducing works of art.
For the purpose of paragraph 6(1)(a), Forgiven amount Income Tax PART I Income Tax DIVISION B Computation of Income
Where, at the end of a taxpayer’s last taxation year at the end of which property described in an inventory of a business that is an adventure or concern in the nature of SUBDIVISION B Income or Loss from a Business or Property trade was valued under subsection 10(1), the property was valued at an amount that is less than the cost at which the taxpayer acquired the property, after that time the cost to the taxpayer at which the property was acquired is, subject to subsection 10(10), deemed to be that amount. Loss restriction event
Definitions Impôt sur le revenu
Notwithstanding subsection (1.01), property described in an inventory of a taxpayer’s business that is an adventure or concern in the nature of trade at the end of the taxpayer’s taxation year that ends immediately before the time at which the taxpayer is subject to a loss restriction event is to be valued at the cost at which the taxpayer acquired the property, or its fair market value at the end of the year, whichever is lower, and after that time the cost at which the taxpayer acquired the property is, subject to a subsequent application of this subsection, deemed to be that lower amount. Loss restriction event
For the purposes of subsections 88(1.1) and 111(5), a taxpayer’s business that is at any time an adventure or concern in the nature of trade is deemed to be a business carried on at that time by the taxpayer. Removing property from inventory
If at any time a non-resident taxpayer ceases to use, in connection with a business or part of a business carried on by the taxpayer in Canada immediately before that time, a property that was immediately before that time described in the inventory of the business or the part of the business, as the case may be, (other than a property that was disposed of by the taxpayer at that time), the taxpayer is deemed (a) to have disposed of the property immediately before that time for proceeds of disposition equal to its fair market value at that time; and (b) to have received those proceeds immediately before that time in the course of carrying on the business or the part of the business, as the case may be.
If at any time a property becomes included in the inventory of a business or part of a business that a non-resident taxpayer carries on in Canada after that time (other than a property that was, otherwise than because of this subsection, acquired by the taxpayer at that time), the taxpayer is deemed to have acquired the property at that time at a cost equal to its fair market value at that time. SUBDIVISION b Income or Loss from a Business or Property Derivatives
application de l’article 118.3, ou le serait sans l’alinéa 118.3(1)c), dans le calcul de l’impôt payable par un contribuable en vertu de la présente partie pour l’année. Définitions
For the purposes of this section, property of a taxpayer that is a swap agreement, a forward purchase or sale agreement, a forward rate agreement, a futures agreement, an option agreement, or any similar agreement is deemed not to be inventory of the taxpayer. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] Mark-to-market election
Les définitions qui suivent s’appliquent au présent paragraphe et au paragraphe (18). employeur Est assimilé à l’employeur l’ancien employeur. (employer) paiement compensatoire pour invalidité Quant à un particulier, paiement que l’employeur de celui-ci fait en raison de l’insolvabilité d’un assureur qui était tenu de verser des sommes au particulier dans le cadre d’une police d’assurance-invalidité, lorsque, selon le cas : a) le paiement est fait à un assureur afin que les sommes versées périodiquement au particulier dans le cadre de la police ne soient pas réduites en raison de l’insolvabilité ou soient réduites dans une moindre mesure qu’elles ne le seraient autrement; b) les conditions suivantes sont réunies : (i) le paiement est fait au particulier afin de remplacer, en tout ou en partie, les sommes qui lui auraient été versées périodiquement dans le cadre de la police n’eût été l’insolvabilité, (ii) le paiement est fait en conformité avec un arrangement selon lequel le particulier est tenu de rembourser le paiement dans la mesure où il reçoit par la suite d’un assureur un montant au titre de la partie des versements périodiques que le paiement était censé remplacer. Pour l’application des alinéas a) et b), une police d’assurance qui remplace une police d’assurance-invalidité est réputée être la même police que la police d’assurance-invalidité qu’elle a été remplacée et en être la continuation. (top-up disability payment) police d’assurance-invalidité Police d’assurance-invalidité collective qui prévoit des versements périodiques à des particuliers pour perte de rémunération provenant d’une charge ou d’un emploi. (disability policy) Prestations d’assurance-invalidité collective — assureur insolvable
Revocation
Dans le cas où un employeur fait un paiement compensatoire pour invalidité quant à l’un de ses employés, les présomptions suivantes s’appliquent : Income Tax PART I Income Tax DIVISION B Computation of Income
The Minister may, on application by the taxpayer in prescribed form, grant permission to the taxpayer to revoke its election under subsection (1). The revocation applies to each taxation year of the taxpayer that begins after the day on which the taxpayer is notified in writing that the Minister concurs with the revocation, on such terms and conditions as are specified by the Minister. Subsequent election
Benefit re housing loss Benefit re eligible housing loss exceeds Housing loss Impôt sur le revenu
Notwithstanding subsection (1), if a taxpayer has, under subsection (2), revoked an election, any subsequent election under subsection (1) shall result in subsection (4) applying to the taxpayer in respect of each taxation year that begins after the day on which the prescribed form in respect of the subsequent election is filed by the taxpayer.
If this subsection applies to a taxpayer in respect of a taxation year, (a) if the taxpayer is a financial institution (as defined in subsection 142.2(1)) in the taxation year, each eligible derivative held by the taxpayer at any time in the taxation year is, for the purpose of applying the provisions of this Act and with such modifications as the context requires, deemed to be mark-to-market property (as defined in subsection 142.2(1)) of the taxpayer for the taxation year; and (b) in any other case, subsection (6) applies to the taxpayer in respect of each eligible derivative held by the taxpayer at the end of the taxation year.
For the purposes of this section, an eligible derivative, of a taxpayer for a taxation year, means a swap agreement, a forward purchase or sale agreement, a forward rate agreement, a futures agreement, an option agreement or a similar agreement, held at any time in the taxation year by the taxpayer, if (a) the agreement is not a capital property, a Canadian resource property, a foreign resource property or an obligation on account of capital of the taxpayer; (i) the taxpayer has produced audited financial statements prepared in accordance with generally accepted accounting principles in respect of the taxation year, or (ii) if the taxpayer has not produced audited financial statements described in subparagraph (i), the agreement has a readily ascertainable fair market value; and (c) where the agreement is held by a financial institution (as defined in subsection 142.2(1)), the agreement is not a tracking property (as defined in subsection 142.2(1)), other than an excluded property (as defined in subsection 142.2(1)), of the financial institution.
If this subsection applies to a taxpayer in respect of each eligible derivative held by the taxpayer at the end of a taxation year, for each eligible derivative held by the taxpayer at the end of the taxation year, the taxpayer is deemed (a) to have disposed of the eligible derivative immediately before the end of the year and received proceeds or paid an amount, as the case may be, equal to its fair market value at the time of disposition; and (b) to have reacquired, or reissued or renewed, the eligible derivative at the end of the year at an amount equal to the proceeds or the amount, as the case may be, determined under paragraph (a). Election year — gains and losses
a) pour l’application de l’alinéa (1)a), le paiement est réputé ne pas être un avantage que l’employé a reçu ou dont il a joui; b) pour l’application de l’alinéa (1)f), le paiement est réputé ne pas être une cotisation versée par l’employeur dans le cadre du régime d’assurance-invalidité dont fait ou faisait partie la police d’assurance-invalidité relativement à laquelle le paiement est fait; c) pour l’application de l’alinéa (1)f), le paiement, s’il est fait à l’employé, est réputé être un montant payable à celui-ci en conformité avec le régime. Avantage — perte relative au logement
If a taxpayer holds, at the beginning of its first taxation year in respect of which an election referred to in subsection (1) applies (in this subsection referred to as the “election year”), an eligible derivative and, in the taxation year immediately preceding the election year, the taxpayer did not compute its profit or loss in respect of that eligible derivative in accordance with a method of profit computation that produces a substantially similar effect to subsection (6), then (a) the taxpayer is deemed (i) to have disposed of the eligible derivative immediately before the beginning of the election year and received proceeds or paid an amount, as the case may be, equal to its fair market value at that time, and (ii) to have reacquired, or reissued or renewed, the eligible derivative at the beginning of the election year at an amount equal to the proceeds or the amount, as the case may be, determined under subparagraph (i); (b) the profit or loss that would arise (determined without reference to this paragraph) on the deemed disposition in subparagraph (a)(i) (i) is deemed not to arise in the taxation year immediately preceding the election year, and (ii) is deemed to arise in the taxation year in which the taxpayer disposes of the eligible derivative (otherwise than because of paragraphs (6)(a) or 142.5(2)(a)); and (c) for the purpose of applying subsection 18(15) in respect of the disposition of the eligible derivative referred to in subparagraph (b)(ii), the profit or loss deemed to arise because of that subparagraph is included in determining the amount of the transferor’s loss, if any, from the disposition. Default realization method
Pour l’application de l’alinéa (1)a), le montant payé au titre d’une perte relative au logement (autre qu’une perte admissible relative au logement) à un contribuable ou à une personne avec laquelle il a un lien de dépendance, ou pour le compte de l’un ou l’autre, relativement à une charge ou à un emploi, dans le cadre ou en raison d’une charge ou d’un emploi, est réputé être un avantage reçu par le contribuable au moment du paiement en raison de la charge ou de l’emploi. Avantage — perte admissible relative au logement
If subsection (4) does not apply to a taxpayer referred to in paragraph (4)(b) in respect of a taxation year, a method of profit computation that produces a substantially similar effect to subsection (6) shall not be used for the purpose of computing the taxpayer’s income from a business or property in respect of a swap agreement, a forward purchase or sale agreement, a forward rate agreement, a futures agreement, an option agreement or a similar agreement for the taxation year.
Pour l’application de l’alinéa (1)a), le montant payé au cours d’une année d’imposition au titre d’une perte admissible relative au logement à un contribuable ou à une personne avec laquelle il a un lien de dépendance, ou pour le compte de l’un ou l’autre, relativement à une charge ou à un emploi, dans le cadre ou en raison d’une charge ou d’un emploi, est réputé être un avantage reçu par le contribuable au moment du paiement en raison de la charge ou de l’emploi, jusqu’à concurrence de l’excédent éventuel (au sens de l’alinéa a) sur le montant visé à l’alinéa b)) : a) la moitié de l’excédent éventuel, sur 15 000 $, du total des montants ainsi payés au cours de l’année ou d’une année d’imposition antérieure; b) le total des montants dont chacun est inclus dans le calcul du revenu du contribuable pour une année par l’effet du présent paragraphe pour une année d’imposition antérieure. Perte relative au logement
For the purposes of subsections (4) to (7), if an agreement that is an eligible derivative of a taxpayer is not a property of the taxpayer, the taxpayer is deemed (a) to hold the eligible derivative at any time while the taxpayer is a party to the agreement; and (b) to have disposed of the eligible derivative when it is settled or extinguished in respect of the taxpayer. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2017, c. 33, s. 3.
Au présent article, perte relative au logement quant à la résidence d’un contribuable à un moment donné s’entend de l’excédent éventuel du plus élevé des montants suivants : a) le coût rajusté de la résidence à ce moment au contribuable ou à une autre personne avec laquelle il a un lien de dépendance, Income Tax PART I Income Tax DIVISION B Computation of Income
Reference to “taxation year”
Eligible housing loss Employer-provided housing subsidies [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 6; 1994, c. 7, Sch. II, s. 3, Sch. VIII, s. 12; c. 21, s. 19; c. 25, s. 1; 1997, c. 16, s. 6; 1997, 1998, c. 19, s. 18; c. 19, s. 22; c. 22, s. 69; c. 29, s. 203; c. 31, s. 65; 2004, c. 22, s. 17; 2007, c. 35, s. 16; 2009, c. 2, s. 2; 2010, c. 25, s. 2; 2012, c. 31, s. 2; 2012, c. 35, s. 24; 2016, c. 7, s. 16; 2017, c. 20, s. 2; c. 2018, c. 12, s. 2; c. 2021, c. 23, s. 2; 2023, c. 26, s. 2; 2024, c. 17, s. 2(1). Impôt sur le revenu
Where an individual’s income for a taxation year includes income from a business the fiscal period of which does not coincide with the calendar year, unless the context otherwise requires, a reference in this subdivision or section 80.3 to a “taxation year” or “year” shall, in respect of the business, be read as a reference to a fiscal period of the business ending in the year.
(a) any amount received by the taxpayer in the year in the course of a business (i) that is on account of services not rendered or goods not delivered before the end of the year or that, for any other reason, may be regarded as not having been earned in the year or a previous year, or (ii) under an arrangement or understanding that it is repayable in whole or in part on the return or resale to the taxpayer of articles in or by means of which goods were delivered to a customer; Amounts receivable (b) any amount receivable by the taxpayer in respect of property sold or services rendered in the course of a business in the year, notwithstanding that the amount or any part thereof is not due until a subsequent year, unless the method adopted by the taxpayer for computing income from the business and accepted for the purpose of this Part does not require the taxpayer to include any amount receivable in computing the taxpayer’s income for a taxation year unless it has been received in the year, and for the purposes of this paragraph, an amount shall be deemed to have become receivable in respect of services rendered in the course of a business on the day that is the earlier of (i) the day on which the account in respect of the services was rendered, and (ii) the day on which the account in respect of those services would have been rendered had there been no undue delay in rendering the account in respect of the services; (c) subject to subsections (3) and (4.1), any amount received or receivable by the taxpayer in the year (depending on the method regularly followed by the taxpayer in computing the taxpayer’s income) as, on account of, in lieu of payment of or in satisfaction of, interest to the extent that the interest was not included in computing the taxpayer’s income for a preceding taxation year; Reserve for doubtful debts (d) any amount deducted under paragraph 20(1)(l) as a reserve in computing the taxpayer’s income for the immediately preceding taxation year; Reserve for guarantees, etc. (d.1) any amount deducted under paragraph 20(1)(l.1) as a reserve in computing the taxpayer’s income for the immediately preceding taxation year; (d.2) any amount deducted under paragraph 20(1)(l.3) as a reserve in computing the taxpayer’s income for the immediately preceding taxation year; Reserves for certain goods and services, etc. (i) deducted under paragraph 20(1)(m) (including any amount substituted by virtue of subsection 20(6) for any amount deducted under that paragraph), paragraph 20(1)(m.1) or subsection 20(7), or in computing the taxpayer’s income from a business for the immediately preceding year; Negative reserves (e.1) where the taxpayer is an insurer, the amount prescribed in respect of the insurer for the year; Insurance proceeds expended (f) such part of any amount payable to the taxpayer as compensation for damage to, or under a policy of insurance in respect of damage to, property that is depreciable property of the taxpayer as has been expended by the taxpayer (i) within the year, and (ii) within a reasonable time after the damage, on repairing the damage; Payments based on production or use (g) any amount received by the taxpayer in the year that was dependent on the use of or production from property whether or not that amount was an installment of the sale price of the property, except that an installment of the sale price of agricultural land is not included by virtue of this paragraph; Proceeds of disposition of right to receive production (g.1) any proceeds of disposition to which subsection 18.1(6) applies; Previous reserve for quadrennial survey (h) any amount deducted as a reserve under paragraph 20(1)(o) in computing the taxpayer’s income for the immediately preceding year; Bad debts recovered (i) any amount, other than an amount referred to in paragraph 12(1)(i.1), received in the year on account of a debt or a loan or lending asset in respect of which a deduction for bad debts or uncollectable loans or lending assets was made in computing the taxpayer’s income for a preceding taxation year; Bad debts recovered (i.1) where an amount is received in the year on account of a debt in respect of which a deduction for bad debts was made under subsection 20(4.2) in computing the taxpayer’s income for a preceding taxation year, the amount determined by the formula is 1/2 of the amount so received, is the amount that was deducted under subsection 20(4.2) in respect of the debt, and is the total of the amount that was so deducted under subsection 20(4.2) and the amount that was deemed by that subsection or subsection 20(4.3) to be an allowable capital loss in respect of the debt; Dividends from resident corporations (j) any amount of a dividend in respect of a share of the capital stock of a corporation resident in Canada that is required by Subdivision H to be included in computing the taxpayer’s income for the year; Foreign corporations, trusts and investment entities (k) any amount required by Subdivision I to be included in computing the taxpayer’s income for the year; Partnership income (l) any amount that is, by virtue of Subdivision J, income of the taxpayer for the year from a business or property; Partnership — interest deduction and back (l.1) the total of all amounts, each of which is the amount, if any, determined in respect of a partnership by the formula is the total of all amounts each of which is an amount of interest that is (i) deductible by the partnership, and (ii) paid by the partnership in, or payable by the partnership in respect of, the taxation year of the taxpayer (depending on the method regularly followed by the taxpayer in computing the taxpayer’s income) on a debt amount included in the taxpayer’s outstanding debts to specified non-residents (as defined in subsection 18(5)), is the amount determined under paragraph 18(4)(a) in respect of the taxpayer for the year, is the amount determined under paragraph 18(4)(b) in respect of the taxpayer for the year, and is the total of all amounts each of which is an amount included under subsection 91(1) in computing the income of the taxpayer for the year or a subsequent taxation year, or of the partnership for an earlier taxation year, in respect of the debt amount by the formula SUBDIVISION B Income or Loss from a Business or Property a fiscal period, that may reasonably be considered to be in respect of interest described in A; Partnership — interest and financing expenses add back (1.2) the amount determined by the formula A is the total of all amounts each of which is an amount determined under paragraph (h) of the description of A in the definition interest and financing expenses in subsection 18.2(1) in respect of the taxpayer for the taxation year, and (i) if the taxpayer is an excluded entity for the year (as defined in subsection 18.2(1)), nil, and (ii) in any other case, the proportion determined under the first formula in subsection 18.2(2) in respect of the taxpayer for the year; Benefits from trusts (m) any amount required by Subdivision K or subsection 132.1(1) to be included in the taxpayer’s income for the year, except (i) any amount deemed by that subdivision to be a taxable capital gain of the taxpayer, and (ii) any amount paid or payable to the taxpayer out of or under an RCA trust (within the meaning assigned by subsection 207.5(1)); Employees profit sharing plan (n) any amount received by the taxpayer in the year out of or under established for the benefit of employees of the taxpayer or of a person with whom the taxpayer does not deal at arm’s length; Employee benefit plan (n.1) the amount, if any, by which the total of amounts received by the taxpayer in the year out of or under an employee benefit plan to which the taxpayer has contributed as an employer (other than amounts included in the income of the taxpayer by virtue of paragraph 12(1)(m)) exceeds the amount, if any, by which the total of all amounts (i) so contributed by the taxpayer to the plan, or (ii) included in computing the taxpayer’s income for any preceding taxation year by virtue of this paragraph exceeds the total of all amounts (iii) deducted by the taxpayer in respect of the taxpayer’s contributions to the plan in computing the taxpayer’s income for the year or any preceding taxation year, or (iv) received by the taxpayer out of or under the plan in any preceding taxation year (other than an amount included in the taxpayer’s income by virtue of paragraph 12(1)(m)); Forfeited salary deferral amounts (n.2) where deferred amounts under a salary deferral arrangement in respect of another person have been deducted under paragraph 20(1)(oo) in computing the taxpayer’s income for preceding taxation years, any amount in respect of the deferred amounts that was deductible under paragraph 8(1)(o) in computing the income of the other person for a taxation year ending in the year; Retirement compensation arrangement (n.3) the total of all amounts received by the taxpayer in the year in the course of a business out of or under a retirement compensation arrangement (including amounts received in respect of the arrangement under subsection 207.71(3)) to which the taxpayer, another person who carried on a business that was acquired by the taxpayer, or any person with whom the taxpayer or that other person does not deal at arm’s length, has contributed an amount that was deductible under paragraph 20(1)(r) in computing the contributor’s income for a taxation year; Foreign oil and gas production taxes (o.1) the total of all amounts, each of which is the taxpayer’s production tax amount for a foreign oil and gas business of the taxpayer for the year, within the meaning assigned by subsection 126(7); Certain payments to farmers (p) any amount received by the taxpayer in the year as a stabilization payment, or as a refund of a levy, under the Western Grain Stabilization Act or as a payment, or a refund of a premium, in respect of the gross revenue insurance program established under the Farm Income Protection Act; Employment tax deduction (q) any amount deducted under subsection 127(13) or (14) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, by the taxpayer for the year; (r) the total of all amounts each of which, in respect of a property described in the taxpayer’s inventory at the end of the year and valued at its cost amount to the taxpayer for the purposes of computing the taxpayer’s income for the year, is an allowance in respect of depreciation, obsolescence or depletion included in that cost amount; Investment tax credit (t) the amount deducted under subsection 127(5) or (6), 127.4(3), 127.4(5)(6), 127.4(8)(3) or 127.4(9)(6) in respect of a property acquired or an expenditure made in a preceding taxation year in computing the taxpayer’s tax payable for a preceding taxation year to the extent that it was not included in computing the taxpayer’s income for a preceding taxation year under this paragraph or is not included in an amount determined under paragraphs 13(7.1)(e) or 37(1)(e), subparagraphs 53(2)(c)(vi) to (vi.4) or (h)(ii) or for L in the definition undepreciated capital cost in subsection 13(21) or L in the definition cumulative Canadian exploration expense in subsection 66.1(6); (u) the amount of any grant received by the taxpayer in the year under a prescribed program of the Government of Canada relating to home insulation or energy conversion in respect of a property used by the taxpayer principally for the purpose of gaining or producing income from a business or property; Research and development deductions (v) the amount, if any, by which the total of amounts determined at the end of the year in respect of the taxpayer under paragraphs 37(1)(d) to 37(1)(h) exceeds the total of amounts determined at the end of the year in respect of the taxpayer under paragraphs 37(1)(a) to 37(1)(c.1); (w) where the taxpayer is a corporation that carried on a personal services business at any time in the year or a preceding taxation year, the amount deemed by subsection 80.4(1) to be a benefit received by it in the year from carrying on a personal services business; Inducement, reimbursement, etc. (x) any particular amount (other than a prescribed amount) received by the taxpayer in the year, in the course of earning income from a business or property, from (i) a person or partnership (in this paragraph referred to as the “payer”) who pays the particular amount (A) in the course of earning income from a business or property, (B) in order to achieve a benefit or advantage for the payer or for persons with whom the payer does not deal at arm’s length, or (C) in circumstances where it is reasonable to conclude that the payer would not have paid the amount but for the receipt by the payer of amounts from a payer, government, municipality or public authority described in this subparagraph or in subparagraph (ii), or where the particular amount can reasonably be considered to have been received (iii) as an inducement, whether as a grant, subsidy, forgivable loan, deduction from tax, allowance or any other form of inducement, or (iv) as a refund, reimbursement, contribution or allowance or as assistance, whether as a grant, subsidy, forgivable loan, deduction from tax, allowance or any other form of assistance, in respect of (A) amount included in, or deducted as, the cost of property, or to the extent that the particular amount (v) was not otherwise included in computing the taxpayer’s income, or deducted in computing, for the purposes of this Act, any balance of undeducted outlays, expenses or other amounts, for the year or a preceding taxation year, (v.1) is not an amount received by the taxpayer in respect of a restrictive covenant, as defined by subsection 56.4(1), that was included, under subsection 56.4(2), in computing the income of a person related to the taxpayer, SUBDIVISION B Income or Loss from a Business or Property (vi) except as provided by subsection 127(11.1), 127(11.5) or 127(11.6), does not reduce, for the purpose of an assessment made or that may be made under this Act, the cost or capital cost of the property or the amount of the outlay or expense, as the case may be, (vii) does not reduce, under subsection 12(2.2) or 13(7.4) or paragraph 53(2)(s), the cost or capital cost of the property or the amount of the outlay or expense, as the case may be, (viii) may not reasonably be considered to be a payment made in respect of the acquisition by the payer or the public authority of an interest in the taxpayer, an interest in, or for civil law a right in, the taxpayer’s business or an interest in, or for civil law a real right in, the taxpayer’s property, and (ix) was not received by the taxpayer as an excluded loan; (x.1) the total of all amounts each of which is (i) a fuel tax rebate received in the year by the taxpayer under subsection 68.4(3) of the Excise Tax Act, or (ii) the amount determined by the formula A is the total of all fuel tax rebates under subsections 68.4(2) and (3.1) of that Act received in the year by the taxpayer, B is the total of all amounts, in respect of fuel tax rebates under section 68.4 of that Act received in the year by the taxpayer, repaid by the taxpayer under subsection 68.4(7) of that Act, and C is the total of all amounts, in respect of fuel tax rebates under section 68.4 of that Act received in the year, deducted under subsection 111(10) in computing the taxpayer’s non-capital losses for other taxation years; (x.2) the total of all amounts each of which is an amount that (i) was received by the taxpayer, including by way of a deduction from tax, in the year as a refund, reimbursement, contribution or allowance, in respect of an amount that was at any time receivable, directly or indirectly in any manner whatever, by Her Majesty in right of Canada or of a province in respect of (A) the acquisition, development or ownership of a Canadian resource property, or (B) the production in Canada from a mineral resource, a natural accumulation of petroleum or natural gas, or an oil or a gas well, and (ii) was not otherwise included in computing the taxpayer’s income for the year or a preceding taxation year; (y) where the taxpayer is an individual who is a member of a partnership or an employee of a member of a partnership and the partnership makes an automobile available in the year to the taxpayer or to a person related to the taxpayer, the amounts that would be included by reason of paragraph 6(1)(e) in the income of the taxpayer for the year if the taxpayer were employed by the partnership; Amateur athlete trust payments (z) any amount in respect of an amateur athlete trust required by section 143.1 to be included in computing the taxpayer’s income for the year; Qualifying environmental trusts (z.1) the total of all amounts received by the taxpayer in the year as a beneficiary under a qualifying environmental trust, whether or not the amounts are included because of subsection 107.3(1) in computing the taxpayer’s income for any taxation year; Dispositions of interests in qualifying environmental trusts (z.2) the total of all amounts each of which is the consideration received by the taxpayer in the year for the disposition to another person or partnership of all or part of the taxpayer’s interest as a beneficiary under a qualifying environmental trust, other than consideration that is the assumption of a reclamation obligation in respect of the trust; (z.3) any amount required because of subsection 80(13) or 80(17) to be included in computing the taxpayer’s income for the year; Eligible funeral arrangements (z.4) any amount required because of subsection 148.1(3) to be included in computing the taxpayer’s income for the year; SUBDIVISION B Income or Loss from a Business or Property TFSA amounts (z.5) any amount required by subsection 146.2(9) or section 207.061 to be included in computing the taxpayer’s income for the year; (z.6) any amount received by the taxpayer in the year in respect of a refund of an amount that was deducted under paragraph 20(1)(vv) in computing income for any taxation year; and Derivative forward agreement (z.7) the total of all amounts each of which is (i) if the taxpayer acquires a property under a derivative forward agreement in the year, the portion of the amount by which the fair market value of the property at the time it is acquired by the taxpayer exceeds the cost to the taxpayer of the property that is attributable to an underlying interest other than an underlying interest referred to in subparagraphs (b)(i) to (iii) of the definition derivative forward agreement in subsection 248(1), or (ii) if the taxpayer disposes of a property under a derivative forward agreement in the year, the portion of the amount by which the proceeds of disposition (within the meaning assigned by Subdivision C) of the property exceeds the fair market value of the property at the time the agreement is entered into by the taxpayer that is attributable to an underlying interest other than an underlying interest referred to in clauses (c)(i)(A) to (C) of the definition derivative forward agreement in subsection 248(1). SUBDIVISION B Income or Loss from a Business or Property
Paragraphs 12(1)(a) and 12(1)(b) are enacted for greater certainty and shall not be construed as implying that any amount not referred to in those paragraphs is not to be included in computing income from a business for a taxation year whether it is received or receivable in the year or not. No deferral of section 9 income under paragraph (1)(g) (2.01) Paragraph (1)(g) does not defer the inclusion in income of any amount that would, if this section were read without reference to that paragraph, be included in computing the taxpayer’s income in accordance with section 9. (2.02) For the purposes of this Act, if a particular amount is included in computing the income of a taxpayer for a taxation year because of paragraph (1)(l.1) or (l.2) and the particular amount is in respect of another amount that is deductible by a partnership in computing its income from a particular source or from sources in a particular place, the particular amount is deemed to be from the particular source or from sources in the particular place, as the case may be. Receipt of inducement, reimbursement, etc. (2.1) For the purposes of paragraph 12(1)(x), where at a particular time a taxpayer who is a beneficiary of a trust or a member of a partnership has received an amount as an inducement, whether as a grant, subsidy, forgivable loan, deduction from tax, allowance or any other form of inducement, in respect of the activities of the trust or partnership, or as a reimbursement, contribution, allowance or assistance, whether as a grant, subsidy, forgivable loan, deduction from tax, allowance or any other form of assistance, in respect of the cost of property or in respect of an expense of the trust or partnership, the amount shall be deemed to have been received at that time by the trust or partnership, as the case may be, as such an inducement, reimbursement, contribution, allowance or assistance. Deemed outlay or expense (a) in a taxation year a taxpayer receives an amount that would, but for this subsection, be included under paragraph 12(1)(x) in computing the taxpayer’s income for the year in respect of an outlay or expense (other than an outlay or expense in respect of the cost of property of the taxpayer) made or incurred by the taxpayer before the end of the following taxation year, (b) the taxpayer elects under this subsection on or before the day on or before which the taxpayer’s return of income under this Part for the year is required to be filed, or would be required to be filed if tax under this Part were payable by the taxpayer for the year or, where the outlay or expense is made or incurred in the following taxation year, for that following year, the amount of the outlay or expense shall be deemed for the purpose of computing the taxpayer’s income, other than for the purposes of this subsection and paragraphs 12(1)(x) and 20(1)(hh), to have always been the amount, if any, by which (c) the amount of the outlay or expense (d) the lesser of the amount elected by the taxpayer under this subsection and the amount so received by the taxpayer, and, notwithstanding subsections 152(4) to 152(5), such assessment or reassessment of the taxpayer’s tax, interest and penalties under this Act for any taxation year shall be made as is necessary to give effect to the election.
Subject to subsection (4.1), in computing the income for a taxation year of a corporation, partnership, unit trust or any trust of which a corporation or a partnership is a beneficiary, there shall be included any interest on a debt obligation (other than interest in respect of an income bond, an income debenture, a net income stabilization account or an indexed debt obligation) that accrues to it to the end of the year, or becomes receivable or is received by it before the end of the year, to the extent that the interest was not included in computing its income for a preceding taxation year. Interest from investment contract
a) le prix de base rajusté de la résidence à ce moment pour le contribuable ou pour une autre personne avec laquelle il a un lien de dépendance, b) la juste valeur marchande la plus élevée de la résidence au cours de la période de six mois se terminant à ce moment, sur le montant applicable suivant : c) si le contribuable ou l’autre personne dispose de la résidence avant la fin de la première année d’imposition commençant après ce moment, le moins élevé des montants suivants : (i) le produit de disposition de la résidence, (ii) la juste valeur marchande de la résidence à ce moment; d) dans les autres cas, la juste valeur marchande de la résidence à ce moment. Perte admissible relative au logement
Subject to subsection (4.1), if in a taxation year a taxpayer (other than a taxpayer to whom subsection (3) applies) holds an interest in, or for civil law a right in, an investment contract on any anniversary day of the contract, there shall be included in computing the taxpayer’s income for the year the interest that accrued to the taxpayer to the end of that day with respect to the investment contract, to the extent that the interest was not otherwise included in computing the taxpayer’s income for the year or any preceding taxation year. (4.1) Paragraph 12(1)(c) and subsections 12(3) and 12(4) do not apply to a taxpayer in respect of a debt obligation for the part of a taxation year throughout which the obligation is impaired where an amount in respect of the obligation is deductible because of subparagraph 20(1)(l)(ii) in computing the taxpayer’s income for the year. Deemed accrual
Au présent article, perte admissible relative au logement quant à une résidence désignée par un contribuable s’entend d’une perte relative au logement portant à une réinstallation admissible du contribuable ou d’une personne avec laquelle il a un lien de dépendance. À cette fin, le contribuable ne peut désigner plus d’une résidence relativement à une réinstallation admissible. Subvention au logement versée par l’employeur
For the purposes of subsections (3), (4) and (11) and 20(14) and (21), if a taxpayer acquires an interest in, or for civil law a right in, a prescribed debt obligation, an amount determined in prescribed manner is deemed to accrue to the taxpayer as interest on the obligation in each taxation year during which the taxpayer holds the interest or the right in the obligation. (9.1) If a taxpayer disposes of an interest in, or for civil law a right in, a debt obligation that is a debt obligation in respect of which the proportion of the payments of principal to which the taxpayer is entitled is not equal to the proportion of the payments of interest to which the taxpayer is entitled, the portion of the proceeds of disposition received by the taxpayer that can reasonably be considered to represent a recovery of the cost to the taxpayer of the interest or the right in the debt obligation shall, notwithstanding any other provision of this Act, not be included in computing the taxpayer’s income, and SUBDIVISION B Income or Loss from a Business or Property for the purpose of this subsection, a debt obligation includes, for greater certainty, all of the issuer’s obligations to pay principal and interest under that obligation. Income from R.H.O.S.P. (10.1) Notwithstanding any other provision of this Act, where an individual was at the end of 1985 a beneficiary under a registered home ownership savings plan (within the meanings assigned by paragraphs 146.2(1)(a) and (h) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as they read in their application to the 1985 taxation year), that portion of the income that can reasonably be considered to have accrued under the plan before 1986 (other than the portion thereof that can reasonably be considered to be attributable to amounts contributed after May 22, 1985 to or under the plan) shall not be included in computing the income of the individual or of any other person. NISA receipts (10.2) There shall be included in computing a taxpayer’s income for a taxation year from a property the total of all amounts each of which is the amount determined by the formula A is an amount paid at a particular time in the year out of the taxpayer’s NISA Fund No. 2; and B is the amount, if any, by which (a) the total of all amounts each of which is (i) deemed by subsection (10.4) or 104(5.1) or (14.1) (as it read for the taxpayer’s 2015 taxation year) to have been paid out of the taxpayer’s NISA Fund No. 2 before the particular time, or (ii) deemed by subsection 70(5.4) or 73(5) to have been paid out of another person’s NISA Fund No. 2 on being transferred to the taxpayer’s NISA Fund No. 2 before the particular time, (b) the total of all amounts each of which is the amount by which an amount otherwise determined under this subsection in respect of a payment out of the taxpayer’s NISA Fund No. 2 before the particular time was reduced because of this description. Amount credited or added not included in income (10.3) Notwithstanding any other provision of this Act, an amount credited or added to a taxpayer’s NISA Fund No. 2 shall not be included in computing the taxpayer’s income solely because of that crediting or adding. Acquisition of control — corporate NISA Fund No. 2 (10.4) For the purpose of subsection (10.2), if at any time there is an acquisition of control of a corporation, the balance of the corporation’s NISA Fund No. 2, if any, at that time is deemed to be paid out to the corporation immediately before that time.
Il est entendu que le montant payé ou la valeur de l’aide fournie par une personne relativement à la charge ou à l’emploi d’un particulier, ou dans le cadre ou en raison de cette charge ou cet emploi, et relative au coût, au financement ou de l’utilisation d’une résidence, ou du droit de l’utiliser, constitue, pour l’application du présent article, un avantage reçu par le particulier en raison de la charge ou de l’emploi. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois d’amendement modificatrices pertinentes.] L.R. (1985), ch. 1 (5e suppl.), art. 6; 1994, ch. 7, ann. II, art. 3, ann. VIII, art. 12; ch. 21, art. 19; ch. 25, art. 1; 1997, ch. 16, art. 6; 1997, 1998, ch. 19, art. 18; ch. 19, art. 22; ch. 22, art. 69; ch. 29, art. 203; ch. 31, art. 65; 2004, ch. 22, art. 17; 2007, ch. 35, art. 16; 2009, ch. 2, art. 2; 2010, ch. 25, art. 2; 2012, ch. 31, art. 2; 2012, ch. 35, art. 24; 2016, ch. 7, art. 16; 2017, ch. 20, art. 2; ch. 2018, ch. 12, art. 2; ch. 2021, ch. 23, art. 2; 2023, ch. 26, art. 2; 2024, ch. 17, art. 2(1). Émission de titres en faveur d’employés 7 (1) Sous réserve du paragraphe (1.1), lorsqu’une personne admissible donnée est convenue d’émettre ou de vendre des titres, ou des titres d’une personne admissible avec laquelle elle a un lien de dépendance, à un employé d’une personne admissible Income Tax PART I Income Tax DIVISION B Computation of Income
In this section, anniversary day of an investment contract means (a) the day that is one year after the day immediately preceding the date of issue of the contract, (b) the day that occurs at every successive one year interval from the day determined under paragraph (a), and (c) the day on which the contract was disposed of; excluded loan means a loan, other than a forgivable loan, evidenced in writing (a) that is from a payer that is (ii) a person resident in Canada or Canadian partnership, if it is reasonable to conclude that the payer would not have made the loan but for the direct or indirect receipt by the payer of amounts from a government, municipality or other public authority in Canada; (b) for which, at the time the loan was made, bona fide arrangements were made for repayment of the loan within a reasonable time; and (c) the funds from which were used for the purpose of earning income from a business or property. (prêt exclu) investment contract, in relation to a taxpayer, means any debt obligation other than (a) a salary deferral arrangement or a plan or arrangement that, but for any of paragraphs (a), (b) and (d) to (l) of the definition salary deferral arrangement in subsection 248(1), would be a salary deferral arrangement, (b) a retirement compensation arrangement or a plan or arrangement that, but for any of paragraphs (a), (b), (d) and (f) to (n) of the definition retirement compensation arrangement in subsection 248(1), would be a retirement compensation arrangement, (c) an employee benefit plan or a plan or arrangement that, but for any of paragraphs (a) to (e) of the definition employee benefit plan in subsection 248(1), would be an employee benefit plan, (d.1) a TFSA, (d.2) a FHSA, (i) an obligation in respect of which the taxpayer has (otherwise than because of subsection (4)) at periodic intervals of not more than one year, included, in computing the taxpayer’s income throughout the period in which the taxpayer held an interest in, or for civil law a right in, the obligation, the income accrued on it for those intervals, Flipped property — deemed business
exceeds exceeds Impôt sur le revenu
For the purposes of this Act, if, absent this subsection and paragraph 40(2)(b), a taxpayer would have had a SUBDIVISION B Income or Loss from a Business or Property gain from the disposition of a flipped property, then throughout the period that the taxpayer owned the flipped property (a) the taxpayer is deemed to carry on a business that is an adventure or concern in the nature of trade with respect to the flipped property; (b) the flipped property is deemed to be inventory of the taxpayer’s business; and (c) the flipped property is deemed not to be capital property of the taxpayer.
For the purposes of subsections (12) and (14), a flipped property of a taxpayer means a property (other than a property, or a right to acquire property, that would be inventory of the taxpayer if the definition of inventory in subsection 248(1) were read without reference to subsection (12)) that is (a) prior to its disposition by the taxpayer, either (i) a housing unit located in Canada, or (ii) a right to acquire a housing unit located in Canada; and (b) owned or, in the case of a right to acquire, held, by the taxpayer for less than 365 consecutive days prior to its disposition, other than a disposition that can reasonably be considered to occur due to, or in anticipation of, one or more of the following events: (i) the death of the taxpayer or a person related to the taxpayer, (ii) one or more persons related to the taxpayer becoming a member of the taxpayer’s household or the taxpayer becoming a member of the household of a related person, (iii) the breakdown of the marriage or common-law partnership of the taxpayer if the taxpayer has been living separate and apart from their spouse or common-law partner for at least 90 days prior to the disposition, (iv) a threat to the personal safety of the taxpayer or a related person, (v) the taxpayer or a related person suffering from a serious illness or disability, (vi) an eligible relocation of the taxpayer or the taxpayer's spouse or common-law partner, if the definition eligible relocation were read without reference to the requirements for the new work location and the new residence to be in Canada, (vii) an involuntary termination of the employment of the taxpayer or the taxpayer's spouse or common-law partner, (ix) the destruction or expropriation of the property.
For the purposes of this Part, a taxpayer's loss from a business in respect of a flipped property is deemed to be nil.
Amount to be included
avec laquelle elle a un lien de dépendance, les règles suivantes s’appliquent : a) l’employé qui a acquis des titres en vertu de la convention est réputé avoir reçu, en raison de son emploi et au cours de l’année d’imposition où il a acquis les titres, un avantage égal à l’excédent éventuel de la valeur des titres au moment où il les a acquis sur le total de la somme qu’il a payée ou doit payer à la personne admissible donnée pour ces titres et de la somme qu’il a payée pour acquérir le droit d’acquérir les titres; b) l’employé qui a transféré des droits prévus par la convention, afférents à tout ou partie des titres, à une personne avec qui il n’avait aucun lien de dépendance, en ou à par ailleurs disposé en faveur de cette personne, est réputé avoir reçu, en raison de son emploi et au cours de l’année d’imposition où il a effectué la disposition, un avantage égal à l’excédent de la valeur visée au sous-alinéa (i) sur la somme visée au sous-alinéa (ii) : (i) la valeur de la contrepartie de la disposition, (ii) la somme qu’il a payée pour acquérir ces droits; b.1) dans le cas où l’employé a transféré des droits prévus par la convention afférents à tout ou partie des titres à la personne admissible donnée ou à une personne avec laquelle celle-ci a un lien de dépendance, ou autrement disposé de ces droits en faveur d’une telle personne, il est réputé avoir reçu, en raison de son emploi et au cours de l’année d’imposition où il a effectué la disposition, un avantage égal à l’excédent de la valeur visée au sous-alinéa (i) sur la somme visée au sous-alinéa (ii) : (i) la valeur de la contrepartie de la disposition, (ii) la somme qu’il a payée pour acquérir ces droits; c) dans le cas où, par suite d’une ou de plusieurs opérations entre personnes ayant un lien de dépendance, des droits de l’employé prévus par la convention sont dévolus à une personne qui a acquis des titres en vertu de la convention, l’employé est réputé avoir reçu, en raison de son emploi et au cours de l’année d’imposition où cette personne a acquis ces titres, un avantage égal à l’excédent éventuel de la valeur des titres au moment où cette personne les a acquis sur le total de la somme qu’elle a payée ou doit payer à la personne admissible donnée pour ces titres et de la somme éventuelle que l’employé a payée pour acquérir le droit d’acquérir les titres; toutefois, si l’employé était décidé au moment où la personne a acquis les titres, celle-ci est réputée avoir reçu un avantage au cours de l’année comme revenu provenant des fonctions d’un emploi qu’elle exerçait au cours de l’année dans le exceeds Income Tax PART I Income Tax DIVISION B Computation of Income
(b) a prescribed annuity contract, and (c) a contract under which the policyholder has, under the terms and conditions of a life insurance policy that was not an annuity contract and that was last acquired before December 2, 1982, received the proceeds therefrom in the form of an annuity contract, on any anniversary day of the policy, there shall be included in computing the taxpayer’s income for the taxation year the amount, if any, by which the accumulating fund on that day in respect of the interest in the policy, as determined in prescribed manner, exceeds the adjusted cost basis to the taxpayer of the interest in the policy on that day.
exceeds exceeds Employee stock options Impôt sur le revenu
Where in a taxation year subsection 12.2(1) applies with respect to a taxpayer’s interest in an annuity contract (or would apply if the contract had an anniversary day in the year at a time when the taxpayer held the interest), there shall be included in computing the taxpayer’s income for the year the amount, if any, by which (a) the total of all amounts each of which is an amount determined at the end of the year, in respect of the interest, for any of A to G in the definition adjusted cost basis in subsection 148(9) (b) the total of all amounts each of which is an amount determined at the end of the year, in respect of the interest, for any of H to L in the definition referred to in paragraph 12.2(5)(a). Deemed acquisition of interest in annuity
For the purposes of this section, the first premium that was not fixed before 1990 and that was paid after 1989 by or on behalf of a taxpayer under an annuity contract, other than a contract described in paragraph (1)(d) of this section, or paragraph 12.2(3)(e) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, or to which subsection (1) of this section or subsection 12.2(4) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, applies (as those paragraphs and subsections, the numbers of which are those in force immediately before December 17, 1991, read in their application to life insurance policies last acquired before 1990) or to which subsection 12(3) applies, last acquired by the taxpayer before 1990 (in this subsection referred to as the “original contract”) shall be deemed to have been paid to acquire, at the time the premium was paid, an interest in a separate annuity contract issued at that time, to the extent that the amount of the premium was not fixed before 1990, and each subsequent premium paid under the original contract shall be deemed to have been paid under that separate contract to the extent that the amount of that subsequent premium was not fixed before 1990.
For the purposes of this Act, a rider added at any time after 1989 to a life insurance policy last acquired before 1990 that provides additional life insurance is deemed to be a separate life insurance policy issued at that time unless (a) the policy is an exempt policy last acquired after December 1, 1982 or an annuity contract; or (b) the only additional life insurance provided by the rider is an accidental death benefit. anniversary day of a life insurance policy means (a) the day that is one year after the day immediately preceding the day on which the policy was issued, and (b) each day that occurs at each successive one-year interval after the day determined under paragraph (a). (*jour anniversaire*) exempt policy has the meaning prescribed by regulation. (*police exonérée*)
the property was used or held, the amount, if any, by which (a) the total of all amounts deducted under paragraph 20(1)(p) by the taxpayer in respect of the property in computing the taxpayer’s income for the year or a preceding taxation year (b) the total of all amounts included under paragraph 12(1)(j) by the taxpayer in respect of the property in computing the taxpayer’s income for the year or a preceding taxation year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1988, c. 55, s. 5.
après le décès sur la somme qu’il a payée pour acquérir ce droit, de plus, les alinéas b), c) et d) ne s’appliquent pas. Options d’achat d’actions accordées à des employés (1.1) Lorsque, après le 31 mars 1977, une société privée sous contrôle canadien (appelée l’« émetteur » au présent paragraphe) est convenue d’émettre une action de son capital-actions, ou de capital-actions d’une société privée sous contrôle canadien avec laquelle elle a un lien de dépendance, en faveur d’un des ses employés ou d’un employé d’une société privée sous contrôle canadien avec laquelle elle a un lien de dépendance, ou de vendre une Income Tax PART I Income Tax DIVISION B Computation of Income
base year of an insurer means the insurer’s taxation year that immediately precedes its transition year. (année de base) insurance business of an insurer, is an insurance business carried on by the insurer, other than a life insurance business. (entreprise d’assurance) reserve transition amount of an insurer, in respect of an insurance business carried on by it in Canada in its transition year, is the positive or negative amount determined by the formula A is the maximum amount that the insurer would be permitted to claim under paragraph 20(7)(c) (and that would be prescribed by section 1400 of the Regulations for the purpose of paragraph 20(7)(c)) as a policy reserve for its base year in respect of its insurance policies if (a) the generally accepted accounting principles that applied to the insurer in valuing its assets and liabilities for its transition year had applied to it for its base year, and (b) section 1400 of the Regulations were read in respect of the insurer’s base year as it reads in respect of its transition year; and B is the maximum amount that the insurer is permitted to claim under paragraph 20(7)(c) as a policy reserve for its base year. (montant transitoire) transition year of an insurer means the insurer’s first taxation year that begins after September 2006. (année transitoire)
(a) the corporation, (a) the trust controls the corporation; or Impôt sur le revenu
There shall be included in computing an insurer’s income for its transition year from an insurance business carried on by it in Canada in the transition year, the positive amount, if any, of the insurer’s reserve transition amount in respect of that insurance business. Transition year income deduction reversal
If an amount has been deducted under subsection 20.4(2) in computing an insurer’s income for its transition year from an insurance business carried on by it in Canada, there shall be included in computing the insurer’s income, for each particular taxation year of the insurer that ends after the beginning of the transition year, from that insurance business, the amount determined by the formula A is the amount deducted under subsection 20.4(2) in computing the insurer’s income for the transition year from that insurance business; and B is the number of days in the particular taxation year that are before the day that is 1825 days after the first day of the transition year.
If an insurer has, in a winding-up to which subsection 88(1) has applied, been wound-up into another corporation (referred to in this subsection as the “parent”), and immediately after the winding-up the parent carries on the insurance business, in applying subsections (3) and 20.4(3) in computing the incomes of the insurer and of the parent for particular taxation years that end on or after the first day (referred to in this subsection as the “start day”) on which assets of the insurer were distributed to the parent on the winding-up, (a) the parent is, on and after the start day, deemed to be the same corporation as and a continuation of the insurer in respect of (i) any amount included under subsection (2) or deducted under subsection 20.4(2) in computing the insurer’s income from an insurance business for its transition year, (ii) any amount included under subsection (3) or deducted under subsection 20.4(3) in computing the insurer’s income from an insurance business for a taxation year of the insurer that begins before the start day, and (iii) any amount that would — in the absence of this subsection and if the insurer existed and carried on an insurance business on each day that is the start day or a subsequent day and on which the parent carries on an insurance business — be required to be included or deducted, in respect of any of those days, under subsection (3) or 20.4(3) in computing the insurer’s income from an insurance business; and (b) the insurer is, in respect of each of its particular taxation years, to determine the value for B in the formulas in subsections (3) and 20.4(3) without reference to the start day and days after the start day.
If there is an amalgamation (within the meaning assigned by subsection 87(1)) of an insurer with one or more other corporations to form one corporation (referred to in this subsection as the “new corporation”), and immediately after the amalgamation the new corporation carries on an insurance business, in applying subsections (3) and 20.4(3) in computing the new corporation’s income for particular taxation years that begin on or after the day on which the amalgamation occurred, the new corporation is, on and after that day, deemed to be the same corporation as and a continuation of the insurer in respect of (a) any amount included under subsection (2) or deducted under subsection 20.4(2) in computing the insurer’s income from an insurance business for its transition year; (b) any amount included under subsection (3) or deducted under subsection 20.4(3) in computing the insurer’s income from an insurance business for a taxation year of the insurer that begins before the day on which the amalgamation occurred; and SUBDIVISION B Income or Loss from a Business or Property (c) any amount that would — in the absence of this subsection and if the insurer existed and carried on an insurance business on each day that is the day on which the amalgamation occurred or a subsequent day and on which the new corporation carries on an insurance business — be required to be included or deducted, in respect of any of those days, under subsection (3) or 20.4(3) in computing the insurer’s income from an insurance business.
telle action à un tel employé, et que, immédiatement après la conclusion d’une telle convention, l’employé n’avait aucun lien de dépendance : a) avec l’émetteur; b) avec la société privée sous contrôle canadien dont l’émetteur est convenu de vendre l’action du capital-actions; c) avec la société privée sous contrôle canadien qui est son employeur, pour l’application de l’alinéa (1)a) à l’acquisition de cette action par l’employé, le passage « au cours de l’année d’imposition où il a acquis les titres » à ce alinéa est remplacé par « au cours de l’année d’imposition où il a disposé des titres ou les a échangés ». Lien de dépendance avec des fiducies (1.11) Pour l’application du présent article, une fiducie de fonds commun de placement est réputée ne pas avoir un lien de dépendance avec une société que, si, selon le cas : a) la fiducie contrôle la société; b) la société détient des titres qui lui confèrent au moins 50 % des voix pouvant être exprimées lors d’une assemblée des détenteurs d’unités de la fiducie. Ordre de disposition des titres (1.3) Pour l’application du présent paragraphe, du paragraphe (1.1), de la sous-section C, de l’alinéa 110(1)d.01), du sous-alinéa 110(1)d.1)(ii) et des paragraphes 110(2.1) et 147(10.4) et sous réserve du paragraphe (1.31), un contribuable est réputé disposer de titres qui sont des biens identiques dans l’ordre où il les a acquis. À cet égard, les règles suivantes s’appliquent : a) si le contribuable acquiert un titre donné (autrement que dans les circonstances visées aux paragraphes (1.1) ou 147(10.1)) à un moment où le contribuable acquiert ou détient un ou plusieurs autres titres qui sont identiques au titre donné et qui ont été acquis, ou l’ont été, dans les circonstances visées aux paragraphes (1.1) ou 147(10.1), il est réputé avoir acquis le titre donné immédiatement avant le plus tôt des moments auxquels il a acquis ces autres titres; b) si le contribuable acquiert, à un même moment, plusieurs titres identiques dans les circonstances visées au paragraphe (1.1), il est réputé les avoir acquis dans l’ordre dans lequel ont été conclues les conventions aux termes desquelles il a acquis les droits de les acquérir. Disposition of newly acquired security Exchange of options (1.4) Where (i) the particular person, Income Tax PART I Income Tax DIVISION B Computation of Income
Subsection (7) applies if, at any time, an insurer (referred to in this subsection and subsection (7) as the “transferor”) transfers, to a corporation (referred to in this subsection and subsection (7) as the “transferee”) that is related to the transferor, property in respect of an insurance business carried on by the transferor in Canada (referred to in this subsection and subsection (7) as the “transferred business”) and (b) subsection 85(1) applies to the transfer, the transfer includes all or substantially all of the property and liabilities of the transferred business and, immediately after the transfer, the transferee carries on an insurance business. Transfer of insurance business
exceeds exceeds Impôt sur le revenu
If this subsection applies in respect of the transfer, at any time, of property (a) the transferee is, at and after that time, deemed to be the same corporation as and a continuation of the transferor in respect of (i) any amount included under subsection (2) or deducted under subsection 20.4(2) in computing the transferor’s income for its transition year that can reasonably be attributed to the transferred business, (ii) any amount included under subsection (3) or deducted under subsection 20.4(3) in computing the transferor’s income for a taxation year of the transferor that begins before that time that can reasonably be attributed to the transferred business, (iii) any amount that would — in the absence of this subsection and if the transferor existed and carried on an insurance business on each day that includes that time or a subsequent day and on which the transferee carries on an insurance business — be required to be included or deducted, in respect of any of those days, under subsection (3) or
(b) in determining, in respect of the day that includes that time or any subsequent day, any amount that is required under subsection (3) or 20.4(3) to be included or deducted in computing the transferor’s income for each particular taxation year from the transferred business, the description of A in the formulas in those subsections is deemed to be nil. Ceasing to carry on business
If at any time an insurer ceases to carry on all or substantially all of an insurance business (referred to in this subsection as the “discontinued business”), and none of subsections (4) to (6) apply, there shall be included in computing the insurer’s income from the discontinued business for the insurer’s taxation year that includes the time that is immediately before that time, the amount determined by the formula A is the amount deducted under subsection 20.4(2) in computing the insurer’s income from the discontinued business for its transition year; and B is the total of all amounts each of which is an amount included under subsection (3) in computing the insurer’s income from the discontinued business for a taxation year that began before that time.
If at any time an insurer that carried on an insurance business ceases to exist (otherwise than as a result of a winding-up or amalgamation described in subsection (4) or (5)), for the purposes of subsections (8) and 20.4(4), the insurer is deemed to have ceased to carry on the insurance business at the earlier of (a) the time (determined without reference to this subsection) at which the insurer ceased to carry on the insurance business, and SUBDIVISION b Income or Loss from a Business or Property (b) the time that is immediately before the end of the last taxation year of the insurer that ended at or before the time at which the insurer ceased to exist. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2009, c. 2, s. 5.
(v) une fiducie de fonds commun de placement à laquelle la personne donnée a transféré des biens dans les circonstances visées au paragraphe 132.2(1), (vi) si la disposition est antérieure à 2013 et que les anciens titres étaient des intérêts dans une EIPD convertible qui était une fiducie de fonds commun de placement au moment de la disposition, ou une société de conversion d’EIPD quant à l’EIPD convertible, l’excédent éventuel de la valeur globale des nouveaux titres immédiatement après la disposition sur le montant total payable par le contribuable pour acquérir les ceux-ci aux termes de la nouvelle option ne peut pas dépasser l’excédent éventuel de la valeur globale des anciens titres immédiatement avant la disposition sur le montant payable par le contribuable pour acquérir les anciens titres aux termes de l’option échangée, les présomptions suivantes s’appliquent dans le cadre du présent article : d) le contribuable est réputé (sauf pour l’application du sous-alinéa (9)d)(ii)) ne pas avoir disposé de l’option échangée et ne pas avoir acquis la nouvelle option; e) la nouvelle option est réputée être la même option que l’option échangée et en être la continuation; f) si elle n’est pas la personne donnée, la personne désignée est réputée être la même personne que la personne donnée et en être la continuation. Échange d’actions (1.5) Pour l’application du présent article et des alinéas 110(1)d) à d.1), dans le cas où, à la fois : a) un contribuable dispose ou échange des titres d’une personne déterminée admissible acquis par le contribuable dans des circonstances où le paragraphe Income Tax PART I Income Tax DIVISION B Computation of Income
(a) the security becomes, at a particular time in the year, a stapled security of the entity and, as a consequence, amounts described in paragraphs 18.3(3)(a) and (b) are not deductible because of subsection 18.3(3); (b) the security (or any security for which the security was substituted) ceased, at an earlier time, to be a stapled security of any entity and, as a consequence, subsection 18.3(3) ceased to apply to deny the deductibility of amounts that would be described in paragraphs 18.3(3)(a) and (b) if the security were a stapled security; and (c) throughout the period that began immediately after the most recent time referred to in paragraph (b) and that ends at the particular time, the security (or any security for which the security was substituted) was not a stapled security of any entity.
Impôt sur le revenu
If this subsection applies for a taxation year of an entity in respect of a security of the entity, the entity shall include in computing its income for the year each amount that (a) was deducted by the entity (or by another entity that issued a security for which the security was substituted) in computing its income for a taxation year that includes any part of the period described in paragraph (2)(c); and (b) would not have been deductible if subsection 18.3(3) had applied in respect of the amount. Deemed excess
For the purposes of subsection 161(1), if an amount described in paragraph (3)(a) is included in the income of an entity for a taxation year under subsection (3), the entity is deemed to have an excess immediately after the entity’s balance-due day for the year computed as if SUBDIVISION b Income or Loss from a Business or Property (a) the entity were resident in Canada throughout the year; (b) the entity's tax payable for the year were equal to the tax payable by the entity on its taxable income for the year; (c) the amount were the entity's only taxable income for the year; (e) the entity had not paid any amounts on account of its tax payable for the year; and (f) the tax payable determined under paragraph (b) had been outstanding throughout the period that begins immediately after the end of the taxation year for which the amount was deducted and that ends on the entity's balance-due day for the year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2013, c. 40, s. 5. Hybrid mismatch arrangements — definitions
Secondary rule — conditions for application
Subsection (3) applies in respect of a payment of which a taxpayer is a recipient if Secondary rule — consequences
a) un contribuable dispose de titres d’une personne admissible donnée (appelés « titres échangés » au présent paragraphe) qu’il a acquis dans les circonstances visées au paragraphe (1.1), ou les échange, b) le contribuable ne reçoit en contrepartie de la disposition ou de l’échange des titres échangés que des titres (appelés « nouveaux titres » au présent paragraphe) d’une des personnes suivantes : (i) la personne admissible donnée, (ii) une personne admissible avec laquelle la personne admissible donnée a un lien de dépendance immédiatement après la disposition ou l’échange, (iii) la société issue de la fusion ou de l’unification de la personne admissible donnée et d’une ou de plusieurs autres sociétés, (iv) une fiducie de fonds commun de placement à laquelle la personne admissible donnée a transféré des biens dans les circonstances visées au paragraphe 132.2(1), (v) une personne admissible avec laquelle la société visée au sous-alinéa (iii) a un lien de dépendance immédiatement après la disposition ou l’échange, c) la valeur globale des nouveaux titres immédiatement après la disposition ou l’échange ne dépasse pas celle des anciens titres immédiatement avant la disposition ou l’échange, les présomptions suivantes s’appliquent : d) le contribuable est réputé ne pas avoir disposé des titres échangés, ou ne pas les avoir échangés, et ne pas avoir acquis les nouveaux titres, e) les nouveaux titres sont réputés être les mêmes titres que les titres échangés et en être la continuation, sauf pour ce qui est de déterminer s’ils sont identiques à d’autres titres, f) la personne admissible qui a émis les nouveaux titres est réputée être la même personne que la personne admissible qui a émis les titres échangés et en être la continuation, g) dans le cas où les titres échangés ont été émis aux termes d’une convention, les nouveaux titres sont réputés avoir été émis aux termes de la même convention. Emigrant Rights ceasing to be exercisable exceeds Émigrant (1.6) Pour l’application du présent article et de l’alinéa 110(1)d.1), un contribuable est réputé ne pas avoir disposé, par le seul effet du paragraphe 128.1(4), d’une action acquise dans les circonstances visées au paragraphe (1.1). Droits ne pouvant plus être exercés (1.7) Pour l’application des paragraphes (1) et 110(1), lorsque les droits d’un contribuable d’acquérir des titres en vertu d’une convention mentionnée au paragraphe (1) cessent d’être susceptibles d’exercice conformément à la convention, que cette cessation ne constituerait pas tant une disposition de droits par lui si l’Acte était lu sans tenir compte du présent paragraphe, les règles suivantes s’appliquent : a) le contribuable est réputé avoir disposé de ces droits au moment donné en faveur d’une personne avec laquelle il n’avait aucun lien de dépendance et avoir reçu les montants donnés en contrepartie de la disposition; b) pour ce qui est du calcul de la valeur de l’avantage qui est réputé être reçu à la suite de la disposition mentionnée à l’alinéa a), le contribuable est réputé avoir payé, en vue d’acquérir ces droits, un montant égal à l’excédent de la somme visée au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) la somme qu’il a payée pour acquérir les droits, déterminée compte non tenu du présent paragraphe, (ii) le total des montants représentant chacun une somme qu’il a reçue avant le moment donné relativement à la cessation. Titres détenus par un fiduciaire
Subject to subsection 18.4(5), if this subsection applies in respect of a payment of which a taxpayer is a recipient, an amount equal to the hybrid mismatch amount in respect of the payment shall be (a) included in computing the taxpayer’s income from the same source as the payment; and (b) included in computing the taxpayer’s income for the last taxation year of the taxpayer that begins at or before the end of the first foreign taxation year of any entity in which an amount in respect of the payment, in the absence of any foreign expense restriction rule, would be — or would reasonably be expected to be — SUBDIVISION B Income or Loss from a Business or Property deductible in computing relevant foreign income or profits of the entity. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2024, c. 15, s. 3.
L’employé pour lequel un fiduciaire détient un titre, en fiducie ou autrement, conditionnellement ou non, est réputé, pour l’application du présent article et des alinéas 110(1)d) à d.1) : a) avoir acquis le titre au moment où la fiducie a commencé à ainsi le détenir; b) avoir échangé le titre ou en avoir disposé au moment où la fiducie l’a échangé avec une autre personne que l’employé ou en a disposé en faveur d’une telle autre personne. Special provision Application of s. (1) Dispositions spéciales
Recapture — Class 10.1 Passenger Vehicle
Lorsqu’une personne admissible donnée est convenue d’émettre ou de vendre ses titres, ou des titres d’une personne admissible avec laquelle elle a un lien de dépendance, à un de ses employés ou à un employé d’une personne admissible avec laquelle elle a un lien de dépendance, les présomptions suivantes s’appliquent : a) l’employé est réputé ne pas avoir reçu d’avantage ni avoir bénéficié d’un avantage en vertu ou par l’effet de la convention, sauf indication contraire au présent article; b) le revenu d’une personne pour une année d’imposition est réputé ne pas être inférieur à ce qu’il aurait été pour l’année si un avantage n’avait pas été accordé à l’employé par l’émission ou la vente des titres. Application du par. (1)
Notwithstanding subsection 13(1), where an excess amount is determined under that subsection at the end of a taxation year in respect of a passenger vehicle having a cost to a taxpayer in excess of $20,000 or such other amount as may be prescribed, unless it was, at any time, an emergency vehicle or a vehicle included in a class prescribed in subsection 1104(3.1) of the Income Tax Regulations, that excess amount shall not be included in computing the taxpayer’s income for the year but shall be deemed, for the purpose of B in the definition undepreciated capital cost in subsection 13(21), to be an amount included in the taxpayer’s income for the year by reason of this section. “Taxation year”, “year” and “income” of individual
Il demeure entendu que, lorsqu’une personne qui serait par ailleurs visée au paragraphe (1) a cessé d’être un employé avant que se soient réalisées toutes les conditions qui rendraient cet article applicable, le paragraphe (1) continue de s’appliquer comme si la personne était encore un employé et comme si l’emploi durait encore. Non-application du présent article
Where a taxpayer is an individual whose income for a taxation year includes income from a business the fiscal period of which does not coincide with the calendar year and depreciable property acquired for the purpose of gaining or producing income from the business has been disposed of, a) for greater certainty, each reference in subsections 13(1) and 13(2) to a “taxation year” and “year” shall be read as a reference to a “fiscal period”; and b) a reference in subsection 13(1) to “the income” shall be read as a reference to “the income from the business”.
Le présent article ne s’applique pas lorsque l’avantage accordé par la convention n’a pas été reçu au titre, dans l’occupation ou en vertu de l’emploi. Vente à un fiduciaire pour des employés
Where an amount in respect of the disposition in a taxation year (in this subsection referred to as the “initial SUBDIVISION B Income or Loss from a Business or Property year”) of depreciable property (in this section referred to as the “former property”) of a prescribed class of a taxpayer would, but for this subsection, be the amount determined for F or G in the definition undepreciated capital cost in subsection 13(21) in respect of the disposition of the former property that is either (a) property the proceeds of disposition of which were proceeds referred to in paragraph (b), (c) or (d) of the definition proceeds of disposition in subsection 13(21), or (b) a property that was, immediately before the disposition, a former business property of the taxpayer, and the taxpayer so elects under this subsection in the taxpayer’s return of income for the taxation year in which the taxpayer acquires a depreciable property of a prescribed class of the taxpayer that is a replacement property for the taxpayer’s former property, (c) the amount otherwise determined for F or G in the definition undepreciated capital cost in subsection 13(21) in respect of the disposition of the former property shall be reduced by the lesser of (i) the amount, if any, by which the amount otherwise determined for F or G in that definition exceeds the undepreciated capital cost to the taxpayer of property of the prescribed class to which the former property belonged at the time immediately before the time that the former property was disposed of, and (ii) the amount that has been used by the taxpayer to acquire (A) if the former property is described in paragraph (a), before the later of the end of the second taxation year following the initial year and 24 months after the end of the initial year, or (B) in any other case, before the later of the end of the first taxation year following the initial year and 12 months after the end of the initial year, a replacement property of a prescribed class that has not been disposed of by the taxpayer before the time at which the taxpayer disposed of the former property, and (d) the amount of the reduction determined under paragraph 13(4)(c) shall be deemed to be proceeds of disposition of a depreciable property of the taxpayer that had a capital cost equal to that amount and that was property of the same class as the replacement property, from a disposition made on the later of (i) the time the replacement property was acquired by the taxpayer, and (ii) the time the former property was disposed of by the taxpayer. COVID — time not counted (4.01) For the purposes of subparagraph (4)(c)(ii), the period beginning on March 15, 2020 and ending on March 12, 2022 is not to be counted. Replacement for a former property (4.1) For the purposes of subsection 13(4), a particular depreciable property of a prescribed class of a taxpayer is a replacement for a former property of the taxpayer if (a) it is reasonable to conclude that the property was acquired by the taxpayer to replace the former property; (a.1) it was acquired by the taxpayer and used by the taxpayer or a person related to the taxpayer for a use that is the same as or similar to the use to which the taxpayer or a person related to the taxpayer put the former property; (b) where the former property was used by the taxpayer or a person related to the taxpayer for the purpose of gaining or producing income from a business, the particular depreciable property was acquired for the purpose of gaining or producing income from that or a similar business or for use by a person related to the taxpayer for such a purpose; (c) where the former property was a taxable Canadian property of the taxpayer, the particular depreciable property is a taxable Canadian property of the taxpayer; and (d) where the former property was a taxable Canadian property (other than treaty-protected property) of the taxpayer, the particular depreciable property is a taxable Canadian property (other than treaty-protected property) of the taxpayer. Election — limited period franchise, concession or license (a) a taxpayer (in this subsection and subsection (4.3) referred to as the “transferor”) has, pursuant to a written agreement with a person or partnership (in this subsection and subsection (4.3) referred to as the “transferee”), at any time disposed of or terminated a former property that is a franchise, concession or licence for a limited period that is wholly attributable to the carrying on of a business at a fixed place; (b) the transferee acquired the former property from the transferor or, on the termination, acquired a similar property in respect of the same fixed place from another person or partnership; and (c) the transferor and the transferee jointly elect in their returns of income for their taxation years that include that time to have subsection (4.3) apply in respect of the acquisition and the disposition or termination. Effect of election (4.3) If this subsection applies in respect of an acquisition and a disposition or termination, (a) if the transferee acquired a similar property referred to in paragraph (4.2)(b), the transferee is deemed to have also acquired the former property at the time that the former property was terminated and to own the former property until the transferee no longer owns the similar property; (b) if the transferee acquired the former property referred to in paragraph (4.2)(b), the transferee is deemed to own the former property until such time as the transferee owns neither the former property nor a similar property in respect of the same fixed place to which the former property related; (c) for the purpose of calculating the amount deductible under paragraph 20(1)(a) in respect of the former property in computing the transferee’s income, the life of the former property remaining on its acquisition by the transferee is deemed to be equal to the period that was the life of the former property remaining on its acquisition by the transferor; and (d) any amount that would, if this Act were read without reference to this subsection, be included in the cost of a property of the transferee included in Class 14.1 of Schedule II to the Income Tax Regulations (including a deemed acquisition under subsection (35)) or included in the proceeds of disposition of a property of the transferor included in that Class (including a deemed disposition under subsection (37)) in respect of the disposition or termination of the former property by the transferor is deemed to be (i) neither included in the cost nor the proceeds of disposition of property included in that Class, (ii) included in an amount to be deducted in computing the transferee’s income under paragraph 20(1)(a) in respect of the former property, SUBDIVISION B Income or Loss from a Business or Property (ii) an amount required to be included in computing the capital cost to the transferee of the former property, and (iii) an amount required to be included in computing the proceeds of disposition to the transferor in respect of a disposition of the former property.
Lorsqu’une personne admissible donnée a conclu un arrangement en vertu duquel des titres de la personne, ou d’une personne admissible avec laquelle elle a un lien de dépendance, sont vendus ou émis par l’une ou l’autre de ces personnes à un fiduciaire qui les détient en fiducie en vue de les vendre à un employé de la personne donnée ou d’un personne admissible avec laquelle elle a un lien de dépendance, les règles suivantes s’appliquent : a) pour l’application du présent article (à l’exception du paragraphe (2) et des alinéas 110(1)(d) à d.1) : (i) les droits donnés de l’employé, prévus par l’arrangement, afférents à ces titres sont réputés être des droits prévus par une convention donnée conclue avec la personne donnée selon laquelle celle-ci est convenue d’émettre des titres en faveur de l’employé ou de les lui vendre, (ii) les titres acquis aux termes de l’arrangement par l’employé ou par une personne à qui les droits Income Tax PART I Income Tax DIVISION B Computation of Income Sections 7-8 Definitions
Where one or more depreciable properties of a taxpayer that were included in a prescribed class (in this subsection referred to as the “old class”) become included at any time (in this subsection referred to as the “transfer time”) in another prescribed class (in this subsection referred to as the “new class”), for the purpose of determining at any subsequent time the undepreciated capital cost to the taxpayer of depreciable property of the old class and the new class (a) the value of A in the definition undepreciated capital cost in subsection 13(21) shall be determined as if each of those depreciable properties were (i) properties of the new class acquired before the subsequent time, and (ii) never included in the old class; and (b) there shall be deducted in computing the total depreciation allowed to the taxpayer for property of the old class before the transfer time, and added in computing the total depreciation allowed to the taxpayer for property of the new class before the subsequent time, the greater of (i) the amount determined by the formula A is the total of all amounts each of which is the capital cost to the taxpayer of each of those depreciable properties, and B is the undepreciated capital cost to the taxpayer of depreciable property of the old class at the transfer time, and (ii) the total of all amounts each of which is an amount that would have been deducted under paragraph 20(1)(a) in respect of a depreciable property that is one of those properties in computing the taxpayer’s income for a taxation year that ended before the transfer time and at the end of which the property was included in the old class if (A) the property had been the only property included in a separate prescribed class, and (B) the rate allowed by the regulations made for the purpose of paragraph 20(1)(a) in respect of that separate class had been the effective rate that was used by the taxpayer to calculate a deduction under that paragraph in respect of the old class for the year. (5.1) Where at any time in a taxation year a taxpayer acquires a particular property in respect of which, immediately before that time, the taxpayer had a leasehold interest that was included in a prescribed class, for the purposes of this section, section 20 and any regulations made under paragraph 20(1)(a), the following rules apply: (a) the leasehold interest shall be deemed to have been disposed of by the taxpayer at that time for proceeds of disposition equal to the amount, if any, by which (i) the capital cost immediately before that time of the leasehold interest (ii) the total of all amounts claimed by the taxpayer in respect of the leasehold interest and deductible under paragraph 20(1)(a) in computing the taxpayer’s income in previous taxation years; (b) the particular property shall be deemed to be depreciable property of a prescribed class of the taxpayer acquired by the taxpayer at that time and there shall be added to the capital cost to the taxpayer of the property an amount equal to the capital cost referred to in subparagraph 13(5.1)(a)(i); and (c) the total referred to in subparagraph 13(5.1)(a)(ii) shall be added to the total depreciation allowed to the taxpayer before that time in respect of the class to which the particular property belongs. Deemed cost and depreciation (5.2) If, at any time, a taxpayer has acquired a capital property that is depreciable property or real or immovable property in respect of which, before that time, the taxpayer or any person with whom the taxpayer was not dealing at arm’s length was entitled to a deduction in computing income in respect of any amount paid or payable for the use of, or the right to use, the property and the cost or the capital cost (determined without reference to this subsection) at that time of the property to the taxpayer is less than the fair market value thereof at that time determined without reference to any option with respect to that property, for the purposes of this section, section 20 and any regulations made under paragraph 20(1)(a), the following rules apply: (a) the property shall be deemed to have been acquired by the taxpayer at that time at a cost equal to the lesser of (i) the fair market value of the property at that time determined without reference to any option with respect to that property, and (ii) the total of the cost or the capital cost (determined without reference to this subsection) of the property to the taxpayer and all amounts (other than amounts paid or payable to a person with whom the taxpayer was not dealing at arm’s length) each of which is an outlay or expense made or incurred by the taxpayer or by a person with whom the taxpayer was not dealing at arm’s length at any time for the use of, or the right to use, the property, and for the purposes of this paragraph and subsection 13(5.3), where a particular corporation has been incorporated or otherwise formed after the time any other corporation with which the particular corporation would not have been dealing at arm’s length had the particular corporation been in existence before that time, the particular corporation shall be deemed to have been in existence from the time of the formation of the other corporation and to have been not dealing at arm’s length with the other corporation; (b) the amount by which the cost to the taxpayer of the property determined under paragraph 13(5.2)(a) exceeds the cost or the capital cost thereof (determined without reference to this subsection) shall be added to the total depreciation allowed to the taxpayer before that time in respect of the prescribed class to which the property belongs; and (c) where the property would, but for this paragraph, not be depreciable property of the taxpayer, it shall be deemed to be depreciable property of a separate prescribed class of the taxpayer. Deemed recapture (5.3) If, at any time in a taxation year, a taxpayer has disposed of a capital property that is an option with respect to depreciable property or real or immovable property in respect of which the taxpayer or any person with whom the taxpayer was not dealing at arm’s length was entitled to a deduction in computing income in respect of any amount paid for the use of, or the right to use, the property, for the purposes of this section, the amount, if any, by which the proceeds of disposition to the taxpayer of the option exceed the taxpayer’s cost in respect thereof is deemed to be an excess referred to in subsection (1) in respect of the taxpayer for the year. (5.4) Where, before the time of disposition of a capital property that was depreciable property of a taxpayer, the taxpayer, or any person with whom the taxpayer was not dealing at arm’s length, was entitled to a deduction in computing income in respect of any outlay or expense made or incurred for the use of, or the right to use, during a period of time, that capital property (other than an outlay or expense made or incurred by the taxpayer or a person with whom the taxpayer was not dealing at arm’s length before the acquisition of the property), except where the taxpayer disposed of the property to a person with whom the taxpayer was not dealing at arm’s length and that person was subject to the provisions of subsection 13(5.2) with respect to the acquisition by that person of the property, the following rules apply: (i) the total of all amounts (other than amounts paid or payable to the taxpayer or a person with whom the taxpayer was not dealing at arm’s length) each of which was a deductible outlay or expense made or incurred before the time of disposition by the taxpayer, or by a person with whom the taxpayer was or was not dealing at arm’s length, for the use of, or the right to use, during the period of time, the property, and (ii) the amount, if any, by which the fair market value of the property at the earlier of (A) the expiration of the last period of time in respect of which the deductible outlay or expense referred to in subparagraph 13(5.4)(a)(i) was made or incurred, and exceeds the capital cost to the taxpayer of the property immediately before that time shall immediately before the time of the disposition, be added to the capital cost of the property to the person who owned the property at that time; and (b) the amount added to the capital cost to the taxpayer of the property pursuant to paragraph 13(5.4)(a) shall be added immediately before the time of the disposition to the total depreciation allowed to the taxpayer before that time in respect of the prescribed class to which the property belongs. Lease cancellation payment (5.5) For the purposes of subsection 13(5.4), an amount deductible by a taxpayer under paragraph 20(1)(z) or 20(1)(z.1) in respect of a cancellation of a lease of property shall, for greater certainty, be deemed not to be an outlay or expense that was made or incurred by the taxpayer for the use of, or the right to use, the property.
to (15) [Repealed, 2010, c. 25, s. 3] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 7; 1994, c. 7, Sch. II, s. 2; c. 21, s. 13; 1996, c. 21, s. 7; 2001, c. 17, s. 82; 2007, c. 35, s. 89; 2009, c. 2, s. 3; 2010, c. 25, s. 3; 2013, c. 34, s. 117; 2021, c. 23, s. 32; 2024, c. 17, s. 3.] Deductions Deductions allowed Impôt sur le revenu
Where, in the calculation of a deduction allowed to a taxpayer under subsection 20(16) or regulations made for the purposes of paragraph 20(1)(a) in respect of depreciable property of the taxpayer of a prescribed class (in this subsection referred to as the "particular class"), there has been added to the capital cost to the taxpayer of depreciable property of the particular class the capital cost of depreciable property (in this subsection referred to as "added property") and contrary to the facts, for the purposes of this section, section 20 and any regulations made for the purposes of paragraph 20(1)(a), the added property or any part thereof is so directs with respect to any taxation year for which, under subsection 152(4), the Minister may make any reassessment or additional assessment or assess tax, interest or penalties under this Part, be deemed to have been property of the particular class and not of the other class at all times before the beginning of the year and, except to the extent that the added property or any part thereof has been disposed of by the taxpayer before the beginning of the year, to have been transferred from the particular class to the other class at the beginning of the year.
Subject to subsection 70(13), for the purposes of paragraphs 8(1)(j) and 8(1)(p), this section, section 20 and any regulations made for the purpose of paragraph 20(1)(a), (a) where a taxpayer, having acquired property for the purpose of gaining or producing income, has begun at a later time to use it for some other purpose, the taxpayer shall be deemed to have disposed of it at that later time for proceeds of disposition equal to its fair SUBDIVISION B Income or Loss from a Business or Property market value at that time and to have reacquired it immediately thereafter at a cost equal to that fair market value; (b) where a taxpayer, having acquired property for some other purpose, has begun at a later time to use it for the purpose of gaining or producing income, the taxpayer shall be deemed to have acquired it at that later time at a capital cost to the taxpayer equal to the lesser of (i) the fair market value of the property at that later time, and (A) the cost to the taxpayer of the property at that later time determined without reference to this paragraph, paragraph 13(7)(a) and subparagraph 13(7)(d)(ii), and (B) 1/2 of the amount, if any, by which (I) the fair market value of the property at that later time exceeds the total of (II) the cost to the taxpayer of the property as determined under clause 13(7)(b)(ii)(A), and (III) twice the amount deducted by the taxpayer under section 110.6 in respect of the amount, if any, by which the fair market value of the property at that later time exceeds the cost to the taxpayer of the property as determined under clause 13(7)(b)(ii)(A); (c) where property has, since it was acquired by a taxpayer, been regularly used in part for the purpose of gaining or producing income and in part for some other purpose, the taxpayer shall be deemed to have acquired, for the purpose of gaining or producing income, the proportion of the property that the use regularly made of the property for gaining or producing income is of the whole use regularly made of the property at a capital cost to the taxpayer equal to the same proportion of the capital cost to the taxpayer of the whole property and, if the property has, in such a case, been disposed of, the proceeds of disposition of the proportion of the property deemed to have been acquired for gaining or producing income shall be deemed to be the same proportion of the proceeds of disposition of the whole property; (d) where, at any time after a taxpayer has acquired property, there has been a change in the relation between the use regularly made by the taxpayer of the property for gaining or producing income and the use regularly made of the property for other purposes, (i) if the use regularly made by the taxpayer of the property for the purpose of gaining or producing income has increased, the taxpayer shall be deemed to have acquired at that time depreciable property of that class at a capital cost equal to the total of (A) the proportion of the lesser of (I) its fair market value at that time, and (II) its cost to the taxpayer at that time determined without reference to this subparagraph, subparagraph 13(7)(d)(ii) and paragraph 13(7)(a) that the amount of the increase in the use regularly made by the taxpayer of the property for that purpose is of the whole of the use regularly made of the property, and (B) 1/2 of the amount, if any, by which (I) the amount deemed under subparagraph 45(1)(c)(ii) to be the taxpayer’s proceeds of disposition of the property in respect of the change exceeds the total of (II) that proportion of the cost to the taxpayer of the property as determined under subclause 13(7)(d)(i)(A)(II) that the amount of the increase in the use regularly made by the taxpayer of the property for that purpose is of the whole of the use regularly made of the property, and (III) twice the amount deducted by the taxpayer under section 110.6 in respect of the amount, if any, by which the amount determined under subclause 13(7)(d)(i)(B)(I) exceeds the amount determined under subclause 13(7)(d)(i)(B)(II), and (ii) if the use regularly made of the property for the purpose of gaining or producing income has decreased, the taxpayer shall be deemed to have disposed at that time of depreciable property of that class and the proceeds of disposition shall be deemed to be an amount equal to the proportion of the fair market value of the property as of that time that the amount of the decrease in the use regularly made by the taxpayer of the property for that SUBDIVISION B Income or Loss from a Business or Property purpose is of the whole use regularly made of the property; (e) notwithstanding any other provision of this Act except subsection 70(13), where at a particular time a person or partnership (in this paragraph referred to as the “taxpayer”) has, directly or indirectly, in any manner whatever, acquired (otherwise than as a consequence of the death of the transferor) a depreciable property (other than a timber resource property) of a prescribed class from a person or partnership with whom the taxpayer did not deal at arm’s length (in this paragraph referred to as the “transferor”) and, immediately before the transfer, the property was a capital property of the transferor, (i) where the transferor was an individual resident in Canada or a partnership any member of which was either an individual resident in Canada or another partnership and the cost of the property to the taxpayer at the particular time determined without reference to this paragraph exceeds the cost, or where the property was depreciable property, the capital cost of the property to the transferor immediately before the transferor disposed of it, the capital cost of the property to the taxpayer at the particular time shall be deemed to be the amount that is equal to the total of (A) the cost or capital cost, as the case may be, of the property to the transferor immediately before the particular time, and (B) 1/2 of the amount, if any, by which exceed the total of (II) the cost or capital cost, as the case may be, to the transferor immediately before the particular time, (III) twice the amount deducted by any person under section 110.6 in respect of the amount, if any, by which the amount determined under subclause 13(7)(e)(i)(B)(I) exceeds the amount determined under subclause 13(7)(e)(i)(B)(II), and (IV) the amount, if any, required by subsection 110.6(21) to be deducted in computing the capital cost to the taxpayer of the property at that time and for the purposes of paragraph 13(7)(b) and subparagraph 13(7)(d)(i), the cost of the property to the taxpayer shall be deemed to be the same amount, (ii) where the transferor was neither an individual resident in Canada nor a partnership any member of which was either an individual resident in Canada or another partnership and the cost of the property to the taxpayer at the particular time determined without reference to this paragraph exceeds the cost, or where the property was depreciable property, the capital cost of the property to the transferor immediately before the transferor disposed of it, the capital cost of the property to the taxpayer at that time shall be deemed to be the amount that is equal to the total of (A) the cost or capital cost, as the case may be, of the property to the transferor immediately before the particular time, and (B) 1/2 of the amount, if any, by which the transferor’s proceeds of disposition of the property exceed the cost or capital cost, as the case may be, to the transferor immediately before the particular time and for the purposes of paragraph 13(7)(b) and subparagraph 13(7)(d)(i), the cost of the property to the taxpayer shall be deemed to be the same amount, and (iii) where the cost or capital cost, as the case may be, of the property to the transferor immediately before the transferor disposed of it exceeds the capital cost of the property to the taxpayer at that time determined without reference to this paragraph, the capital cost of the property to the taxpayer at that time shall be deemed to be the amount that was the cost or capital cost, as the case may be, of the property to the transferor immediately before the transferor disposed of it and the excess shall be deemed to have been allowed to the taxpayer in respect of the property under regulations made under paragraph 20(1)(a) in computing the taxpayer’s income for taxation years ending before the acquisition of the property by the taxpayer; (e.1) where a taxpayer is deemed by paragraph 110.6(19)(a) to have disposed of and reacquired a property that immediately before the disposition was a depreciable property, the taxpayer shall be deemed to have acquired the property from himself, herself or itself and, in so having acquired the property, not to have been dealing with himself, herself or itself at arm’s length; (f) if a taxpayer is deemed under paragraph 111(4)(e) to have disposed of and reacquired depreciable property (other than a timber resource property), the capital cost to the taxpayer of the property at the time of the reacquisition is deemed to be equal to the total of (i) the capital cost to the taxpayer of the property at the time of the disposition, and (ii) 1/2 of the amount, if any, by which the taxpayer’s proceeds of disposition of the property exceed the capital cost to the taxpayer of the property at the time of the disposition; (g) where the cost to a taxpayer of a passenger vehicle exceeds $20,000 or such other amount as is prescribed, the capital cost to the taxpayer of the vehicle shall be deemed to be $20,000 or that other prescribed amount, as the case may be; (h) notwithstanding paragraph 13(7)(g), where a passenger vehicle is acquired by a taxpayer at any time from a person with whom the taxpayer does not deal at arm’s length, the capital cost at that time to the taxpayer of the vehicle shall be deemed to be the least of (i) the fair market value of the vehicle at that time, (ii) the amount that immediately before that time was the cost amount to that person of the vehicle, and (iii) $20,000 or such other amount as is prescribed; and (i) if the cost to a taxpayer of a zero-emission passenger vehicle exceeds the prescribed amount in subsection 7307(1.1) of the Income Tax Regulations, or if the cost of a passenger vehicle that was, at any time, designated immediate expensing property as defined in subsection 1104(3.1) of the Income Tax Regulations exceeds the prescribed amount in subsection 7307(1) of the Income Tax Regulations, (i) the capital cost to the taxpayer of the vehicle is deemed to be equal to the prescribed amount under subsection 7307(1) or (1.1), as the case may be, and (ii) for the purposes of paragraph (h) of the element F of the formula in the definition designated immediate expensing property in subsection 1104(3.1) of the Income Tax Regulations, the undepreciated capital cost of the vehicle is deemed to be the amount determined by the formula A is the amount that would, in the absence of this subparagraph, be the taxpayer’s proceeds of disposition of the vehicle, (A) if the vehicle is disposed of to a person or partnership with whom the taxpayer does not deal at arm’s length, the amount that was the capital cost of the vehicle to the taxpayer, and (B) in any other case, the amount determined for element C, C is the amount determined by the formula (ii) for the purposes of paragraph (a) of the description of F in the definition undepreciated capital cost in subsection (21), the proceeds of disposition of the vehicle are deemed to be the amount determined by the formula A is the amount that would, in the absence of this subparagraph, be the proceeds of disposition of the vehicle, (A) if the vehicle is disposed of to a person or partnership with which the taxpayer deals at arm’s length, the capital cost to the taxpayer of the vehicle, and (B) in any other case, the amount determined for C, and C is the amount determined by the formula D is the cost to the taxpayer of the vehicle, E is the amount determined under paragraph (7.1)(d) in respect of the vehicle at the time of disposition, F is the maximum amount determined for C in the definition undepreciated capital cost in subsection (21) in respect of the vehicle, G is the amount determined under paragraph (7.1)(f) in respect of the vehicle at the time of disposition, and H is the maximum amount determined for J in the definition undepreciated capital cost in subsection (21) in respect of the vehicle. Deemed capital cost of certain property (7.1) For the purposes of this Act, where section 80 applied to reduce the capital cost to a taxpayer of a depreciable property or a taxpayer deducted an amount under subsection 127(5) or (6), 127.4(3), 127.45(6), 127.48(3) or 127.49(6) in respect of a depreciable property or received or is entitled to receive assistance from a government, municipality or other public authority in respect of, or for the acquisition of, depreciable property, whether as a grant, subsidy, forgivable loan, deduction from tax, investment allowance or as any other form of assistance other than (b) an amount deducted as an allowance under section 65, (b.1) an amount included in income by virtue of paragraph 12(1)(u) or 56(1)(s), or (b.2) an amount received as an excluded loan as defined in subsection 12(11), the capital cost of the property to the taxpayer at any particular time shall be deemed to be the amount, if any, by which the total of (c) the capital cost of the property to the taxpayer, determined without reference to this subsection, subsection 13(7.4) and section 80, and (d) such part, if any, of the assistance as has been repaid by the taxpayer, pursuant to an obligation to repay all or any part of that assistance, in respect of that property before the disposition thereof by the taxpayer and before the particular time exceeds the total of (e) where the property was acquired in a taxation year ending before the particular time, all amounts deducted under subsection 127(5) or (6), 127.44(3), 127.45(6), 127.48(3) or 127.49(6) by the taxpayer for a taxation year ending before the particular time, (f) the amount of assistance the taxpayer has received or is entitled, before the particular time, to receive, and (g) all amounts by which the capital cost of the property to the taxpayer is required because of section 80 to be reduced at or before that time, in respect of that property before the disposition thereof by the taxpayer. Receipt of public assistance (7.2) For the purposes of subsection 13(7.1), where at any time a taxpayer who is a beneficiary of a trust or a member of a partnership has received or is entitled to receive assistance from a government, municipality or other public authority whether as a grant, subsidy, forgivable loan, deduction from tax, investment allowance or as any other form of assistance, the amount of the assistance that may reasonably be considered to be in respect of, or for the acquisition of, depreciable property of the trust or partnership shall be deemed to have been received at that time by the trust or partnership, as the case may be. SUBDIVISION B Income or Loss from a Business or Property may be, as assistance from the government, municipality or other public authority for the acquisition of depreciable property. Control of corporations by one trustee (7.3) For the purposes of paragraph (7)(e), where at a particular time one corporation would, but for this subsection, be related to another corporation by reason of both corporations being controlled by the same executor, liquidator of a succession or trustee and it is established that (a) the executor, liquidator or trustee did not acquire control of the corporations as a result of one or more estates or trusts created by the same individual or by two or more individuals not dealing with each other at arm’s length, and (b) the estate or trust under which the executor, liquidator or trustee acquired control of each of the corporations arose only on the death of the individual creating the estate or trust, the two corporations are deemed not to be related to each other at the particular time. Deemed capital cost (7.4) Notwithstanding subsection 13(7.1), where a taxpayer has in a taxation year received an amount that would, but for this subsection, be included in the taxpayer’s income under paragraph 12(1)(x) in respect of the cost of a depreciable property acquired by the taxpayer in the year, in the three taxation years immediately preceding the year or in the taxation year immediately following the year and the taxpayer elects under this subsection on or before the day on or before which the taxpayer is required to file the taxpayer’s return of income under this Part for the year, or, where the property is acquired in the taxation year immediately following the year, for that following year, the capital cost of the property to the taxpayer shall be deemed to be the amount by which the total of (b) such part, if any, of the amount received by the taxpayer as has been repaid by the taxpayer pursuant to a legal obligation to repay all or any part of that amount, in respect of that property and before the disposition thereof by the taxpayer, and as may reasonably be considered to be in respect of the amount SUBDIVISION B Income or Loss from a Business or Property elected under this subsection in respect of the property exceeds the amount elected by the taxpayer under this subsection, but in no case shall the amount elected under this subsection exceed the least of (c) the amount so received by the taxpayer, (e) where the taxpayer has disposed of the property before the year, nil. Deemed capital cost (7.41) Subsection (38) applies in respect of an amount repaid after 2016 as if that amount was repaid immediately before 2017, if (a) the amount is repaid by the taxpayer under a legal obligation to repay all or part of an amount the taxpayer received or was entitled to receive that was assistance from a government, municipality or other public authority (whether as a grant, subsidy, forgivable loan, deduction from tax, investment allowance or other form of assistance) in respect of, or for the acquisition of, property the cost of which was an eligible capital expenditure of the taxpayer in respect of the business; (b) the amount of an eligible capital expenditure of the taxpayer in respect of the business was reduced by paragraph 14(10)(c) because of the assistance referred to in paragraph (a); and (c) paragraph 20(1)(hh.1) does not apply in respect of the amount repaid. (7.42) No amount may be deducted under paragraph 20(1)(a) in respect of an amount of repaid assistance referred to in subsection (7.41) for any taxation year prior to the taxation year in which the assistance is repaid. Deemed capital cost (7.5) For the purposes of this Act, (a) where a taxpayer, to acquire a property prescribed in respect of the taxpayer, is required under the terms of a contract made after March 6, 1996 to make a payment to Her Majesty in right of Canada or a province or to a Canadian municipality in respect of costs incurred or to be incurred by the recipient of the payment (i) the taxpayer is deemed to have acquired the property at a capital cost equal to the portion of that payment made by the taxpayer that can reasonably be regarded as being in respect of those costs, and (ii) the time of acquisition of the property by the taxpayer is deemed to be the later of the time the payment is made and the time at which those costs are incurred; (i) at any time after March 6, 1996 a taxpayer incurs a cost on account of capital for the building of, for the right to use or in respect of, a prescribed property, and (ii) the amount of the cost would, if this paragraph did not apply, not be included in the capital cost to the taxpayer of depreciable property of a prescribed class, the taxpayer is deemed to have acquired the property at that time at a capital cost equal to the amount of the cost; (c) if a taxpayer acquires an intangible property, or for civil law an incorporeal property, as a consequence of making a payment to which paragraph (a) applies or incurring a cost to which paragraph (b) applies, (i) the property referred to in paragraph (a) or (b) is deemed to include the intangible or incorporeal property, and (ii) the portion of the capital cost referred to in paragraph (a) or (b) that applies to the intangible or incorporeal property is deemed to be the amount determined by the formula A is the lesser of the amount of the payment made or cost incurred and the amount determined for C, B is the fair market value of the intangible or incorporeal property at the time the payment was made or the cost was incurred, and C is the fair market value at the time the payment was made or the cost was incurred of all intangible or incorporeal properties acquired as a consequence of making the payment or incurring the cost; and (d) any property deemed by paragraph 13(7.5)(a) or (b) to have been acquired at any time by a taxpayer as a consequence of making a payment or incurring a cost (i) is deemed to have been acquired for the purpose for which the payment was made or the cost was incurred, and (ii) is deemed to be owned by the taxpayer at any subsequent time that the taxpayer benefits from the property. Capital expenditures — Classes 59 and 60 (7.6) If a taxpayer has incurred an expenditure on account of capital, and the amount of the expenditure would have been included in the taxpayer’s undepreciated capital cost of property included in Class 59 or 60 of Schedule II to the Income Tax Regulations if the taxpayer had acquired a property as a result of the expenditure, then the taxpayer is deemed to have acquired a property, included in Class 59 or 60, as the case may be, at a cost equal to the amount of the expenditure, at the time that the expenditure is incurred. Disposition after ceasing business
Notwithstanding subsections 13(3) and 11(2), where a taxpayer, after ceasing to carry on a business, has disposed of depreciable property of the taxpayer of a prescribed class that was acquired by the taxpayer for the purpose of gaining or producing income from the business and that was not subsequently used by the taxpayer for some other purpose, in applying subsection 13(1) or 13(2), each reference therein to a “taxation year” and “year” shall not be read as a reference to a “fiscal period”.
In applying paragraphs 13(7)(a) to 13(7)(d) in respect of a non-resident taxpayer, a reference to gaining or producing income in relation to a business shall be read as a reference to “gaining or producing income from a business wholly carried on in Canada or such part of a business as is wholly carried on in Canada”. Deemed capital cost
donnés sont dévolus sont réputés être des titres acquis aux termes de la convention donnée, (iii) les sommes versées au fiduciaire, ou qu’il est convenu de lui verser, pour les titres acquis aux termes de l’arrangement par l’employé ou par une personne à qui les droits donnés sont dévolus sont réputées être des sommes versées à la personne donnée, ou qu’il est convenu de lui verser, pour des titres acquis aux termes de la convention donnée; b) le paragraphe (2) ne s’applique pas aux titres détenus par le fiduciaire en vertu de l’arrangement. Définitions
For the purposes of this Act, where a taxpayer has, after December 3, 1970 and before April 1, 1972, acquired prescribed property (a) for use in a prescribed manufacturing or processing business carried on by the taxpayer, and (b) that was not used for any purpose whatever before it was acquired by the taxpayer, the taxpayer shall be deemed to have acquired that property at a capital cost to the taxpayer equal to 115% of the amount that, but for this subsection and section 21, would have been the capital cost to the taxpayer of that property. Deduction in respect of property used in performance of duties
Les définitions qui suivent s’appliquent au présent article, au paragraphe 47(3), à l’alinéa 53(1)j), au paragraphe 110(0.1), aux alinéas 110(1)d), d.01) et e) et aux paragraphes 110(1.1) à (1.9) et (2.1). personne admissible Société ou fiducie de fonds commun de placement. (qualifying person)
Any amount deducted under subparagraph 8(1)(j)(ii) or 8(1)(p)(ii) of this Act or subsection 11(11) of the Income Tax Act, chapter 52 of the Statutes of Canada, 1948, shall be deemed, for the purposes of this section to have been deducted under regulations made under paragraph 20(1)(a).
a) si la personne est une société, action du capital-actions; b) si elle est une fiducie de fonds commun de placement, part de la fiducie. (security)
Where, in computing the income of a taxpayer for a taxation year, an amount has been deducted under paragraph 20(1)(cc) or the taxpayer has elected under subsection 20(9) to make a deduction in respect of an amount that would otherwise have been deductible under that paragraph, the amount shall, if depreciation or payment on account of the capital cost of depreciable property, be deemed to have been allowed to the taxpayer in respect of the property under regulations made under paragraph 20(1)(a) in computing the income of the taxpayer (b) for the year in which the property was acquired, whichever is the later. Deduction under Canadian Vessel Construction Assistance Act
à (15) [Abrogés, 2010, ch. 25, art. 3] Formulaire prescrit concernant le report
Where a deduction has been made under the Canadian Vessel Construction Assistance Act for any taxation year, subsection 13(1) is applicable in respect of the prescribed class created by that Act or any other prescribed class to which the vessel may have been transferred.
Le contribuable qui, au cours d’une année d’imposition, détient un titre acquis dans les circonstances visées au paragraphe (8) est tenu de présenter au ministre, avec sa déclaration de revenu pour l’année, un formulaire prescrit contenant les renseignements prescrits concernant l’acquisition et la disposition de titres aux termes de conventions mentionnées au paragraphe (1). [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés : L.R. (1985), ch. 1 (5e suppl.), art. 7; 1994, ch. 7, ann. II, art. 2; ch. 21, art. 13; 1996, ch. 21, art. 7; 2001, ch. 17, art. 82; 2007, ch. 35, art. 89; 2009, ch. 2, art. 3; 2010, ch. 25, art. 3; 2013, ch. 34, art. 117; 2021, ch. 23, art. 32; 2024, ch. 17, art. 3.] Déductions Éléments déductibles 8 (1) Sont déductibles dans le calcul du revenu d’un contribuable tiré, pour une année d’imposition, d’une charge ou d’un emploi ceux des éléments suivants qui se rapportent entièrement à cette source de revenus, ou la partie des éléments suivants qu’il est raisonnable de considérer comme s’y rapportant : Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this section, section 20 and any regulations made under paragraph 20(1)(a), a vessel in respect of which any conversion cost is incurred after March 23, 1967 shall, to the extent of the conversion cost, be deemed to be included in a separate prescribed class. SUBDIVISION B Income or Loss from a Business or Property
(a) [Repealed, 2001, c. 17, s. 3(1)] (A) the greater of --- Impôt sur le revenu
Where a vessel owned by a taxpayer on January 1, 1966 or constructed pursuant to a construction contract entered into by the taxpayer prior to 1966 and not completed by that date was disposed of by the taxpayer before 1974, (i) if an amount at least equal to the proceeds of disposition was used by the taxpayer, before May, 1974 and during the taxation year of the taxpayer in which the vessel was disposed of or, within 4 months after the end of that taxation year, under conditions satisfactory to the appropriate minister, either for replacement or to incur any conversion cost with respect to a vessel owned by the taxpayer, or (ii) if the appropriate minister certified that the taxpayer had, on satisfactory terms, deposited (A) on or before the day on which the taxpayer was required to file a return of the taxpayer's income for the taxation year in which the vessel was disposed of, or (B) on or before such day subsequent to the day referred to in clause 13(15)(a)(ii)(A) as the appropriate minister specified in respect of the taxpayer, an amount at least equal to the tax that would, but for this subsection, have been payable by the taxpayer under this Part in respect of the proceeds of disposition, or satisfactory security therefor, as a guarantee that the proceeds of disposition would be used before 1975 for replacement; and (b) if within the time specified for the filing of a return of the taxpayer's income for the taxation year in which the vessel was disposed of (i) the taxpayer elected to have the vessel constituted a prescribed class, or (ii) where any conversion cost in respect of the vessel was included in a separate prescribed class, the taxpayer elected to have the vessel transferred to that class, the vessel shall be deemed to have been so transferred immediately before the disposition thereof, but this paragraph does not apply unless the proceeds of disposition of the vessel exceed the amount that would be the undepreciated capital cost of property of the class to which it would be so transferred. Election concerning vessel
Where a vessel owned by a taxpayer is disposed of by the taxpayer, the taxpayer may, if subsection 13(15) does not apply to the proceeds of disposition or if the taxpayer did not make an election under paragraph 13(15)(b) in respect of the vessel, within the time specified for the filing of a return of the taxpayer’s income for the taxation year in which the vessel was disposed of, elect to have the proceeds that would be included in computing the taxpayer’s income for the year under this Part treated as proceeds of disposition of property of another prescribed class that includes a vessel owned by the taxpayer. Separate prescribed class concerning vessel
Where a separate prescribed class has been constituted either under this Act or the Canadian Vessel Construction Assistance Act by reason of the conversion of a vessel owned by a taxpayer and the vessel is disposed of by the taxpayer, if no election in respect of the vessel was made under paragraph 13(15)(b), the separate prescribed class constituted by reason of the conversion shall be deemed to have been transferred to the class in which the vessel was included immediately before the disposition thereof. Reassessments
Notwithstanding any other provision of this Act, where a taxpayer has (a) used an amount as described in paragraph 13(4)(c), or (b) made an election under paragraph 13(15)(b) in respect of a vessel and the proceeds of disposition of the vessel were used before 1975 for replacement under conditions satisfactory to the appropriate minister, such reassessments of tax, interest or penalties shall be made as are necessary to give effect to subsections 13(4) and 13(15). (18.1) For the purpose of determining whether property meets the criteria set out in the Income Tax Regulations in respect of prescribed energy conservation property, the Technical Guide to Class 43.1 and 43.2, as amended from time to time and published by the Department of Natural Resources, shall apply conclusively with respect to engineering and scientific matters.
a) [Abrogé, 2001, ch. 17, art. 3] Frais judiciaires d’un employé b) les sommes payées par le contribuable au cours de l’année au titre des frais judiciaires ou extrajudiciaires qu’il a engagés pour recouvrer un montant qui lui est dû et qui, s’il le recevait, serait à inclure en vertu de la présente sous-section dans le calcul de son revenu, ou pour établir un droit à un tel montant; Résidence des membres du clergé c) lorsque le contribuable, au cours de l’année : (i) d’une part, est membre du clergé ou d’un ordre religieux ou est ministre régulier d’une confession religieuse, et (ii) d’autre part : (A) soit dessert un diocèse, une paroisse ou une congrégation, (B) soit a la charge d’un diocèse, d’une paroisse ou d’une congrégation, (C) soit s’occupe exclusivement et à plein temps de service administratif, du fait de sa nomination par un ordre religieux ou une confession religieuse, le montant, n’excédant pas sa rémunération pour l’année provenant de sa charge ou de son emploi, égal : (iii) soit au total des montants, y compris les montants relatifs aux services publics, inclus dans le calcul de son revenu pour l’année en vertu de l’article 6 relativement à la résidence ou autre logement qu’il a occupé dans le cadre ou en raison de l’exercice de sa charge ou de son emploi, à titre de membre ou ministre qui dessert un diocèse, une paroisse ou une congrégation, a la charge d’un diocèse, d’une paroisse ou d’une congrégation ou est ainsi occupé à un service administratif, (iv) soit au loyer et aux services publics qu’il a payés pour son lieu principal de résidence (ou autre logement principal) qu’il a occupé habituellement au cours de l’année, ou à la juste valeur locative d’une telle résidence (ou autre logement lui appartenant), appartenant à son époux ou conjoint de fait, jusqu’à concurrence du moins élevé des montants suivants : (A) le plus élevé des montants suivants : (I) le produit de la multiplication de 1 000 $ par le nombre de mois de l’année (jusqu’à exceeds Teachers’ exchange fund contribution concurrence de dix) au cours desquels il est une personne visée aux sous-alinéas (i) et (ii), (II) le tiers de sa rémunération pour l’année provenant de sa charge ou de son emploi, (B) l’excédent éventuel du montant visé à la subdivision (I) sur le montant visé à la subdivision (II): (I) le loyer payé ou la juste valeur locative de la résidence ou du logement, y compris les services publics, (II) le total des montants représentant chacun un montant déduit, au titre de la même résidence ou du même logement, dans le calcul du revenu d’un particulier pour l’année provenant d’une charge, d’un emploi ou d’une entreprise (sauf un montant déduit par le contribuable en application du présent alinéa), dans la mesure où il est raisonnable de considérer que le montant se rapporte à tout ou partie de la période pour laquelle le contribuable a déduit un montant au titre du présent alinéa; Cotisation à une caisse d’enseignants d) un montant unique maximal de 250 $ pour tous les emplois occupés par le contribuable à titre de membre du corps enseignant, payé par lui au cours de l’année à une caisse que l’Association canadienne d’éducation a établie au profit des enseignants des pays du Commonwealth présents au Canada en vertu d’un accord relatif à l’échange d’enseignants; Dépenses de certains employés d’une compagnie de chemin de fer e) dans la mesure où il n’a pas été remboursé et n’a pas le droit d’être remboursé à cet égard, les sommes que le contribuable a dépensées au cours de l’année pour ses repas et son logement pendant qu’il était employé par une compagnie de chemin de fer: (i) soit ailleurs que son lieu de résidence habituelle, à titre de télégraphiste de relève et de gare suppléant, ou des travaux d’entretien et de réparation, (ii) soit ailleurs que dans la municipalité ou, le cas échéant, la région métropolitaine où se trouvait son terminal d’attache et dans un lieu d’où on ne pouvait raisonnablement s’attendre à ce qu’il retourne quotidiennement à l’établissement domestique autonome où il résidait et subvenait effectivement aux besoins de son époux ou conjoint de fait ou d’une Sales expenses Transport employee’s expenses personne à charge qui lui était unie par les liens du sang, du mariage, de l’union de fait ou de l’adoption, étant donnée la distance entre ce lieu et cet établissement; Dépenses de vendeurs f) lorsque le contribuable a été, au cours de l’année, employé pour remplir des fonctions liées à la vente de biens ou à la négociation de contrats pour son employeur, et lorsque, à la fois : (i) il était tenu, en vertu de son contrat, d’acquitter ses propres dépenses, (ii) il était habituellement tenu d’exercer les fonctions de son emploi ailleurs qu’au lieu d’affaires de son employeur, (iii) sa rémunération consistait en tout ou en partie en commissions ou autres rétributions semblables fixées par rapport au volume des ventes effectuées ou aux contrats négociés, (iv) il ne recevait pas, relativement à l’année d’imposition, une allocation pour frais de déplacement qui, en vertu du sous-alinéa 6(1)b)(v), n’était pas incluse dans le calcul de son revenu, les sommes qu’il a dépensées au cours de l’année pour gagner le revenu provenant de son emploi (jusqu’à concurrence des commissions ou autres rétributions semblables fixées de la manière prévue au sous-alinéa (iii) et reçues par lui au cours de l’année) dans la mesure où ces sommes n’étaient pas : (v) des débours, des pertes ou des remplacements de capital ou des paiements au titre du capital, exception faite du cas prévu à l’alinéa j), (vi) des dépenses qui ne seraient pas, en vertu de l’alinéa 18(1)l), déductibles dans le calcul du revenu du contribuable pour l’année, si son emploi consistait en une entreprise exploitée par lui; (vii) des montants dont le paiement a entraîné la réduction du montant qui serait inclus par ailleurs dans le calcul du revenu du contribuable pour l’année en application de l’alinéa 6(1)e); Employés des entreprises de transport g) lorsque le contribuable a été employé par une personne dont la principale activité d’entreprise était le transport de voyageurs, de marchandises, ou de voyageurs et marchandises et que les fonctions de son emploi l’obligeaient régulièrement : (iv) claims a deduction for the year under paragraph 8(1)(c), 8(1)(f) or 8(1)(g); (h.1) where the taxpayer, in the year, (i) d’une part, à voyager à l’extérieur de la municipalité dans laquelle était situé l’établissement de son employeur où il devait se présenter pour son travail, et, le cas échéant, hors de la région métropolitaine où était situé cet établissement, dans des véhicules utilisés par l’employeur pour transporter les voyageurs ou marchandises, (ii) d’autre part, pendant qu’il était ainsi absent de cette municipalité et région métropolitaine, à engager des frais pour ses repas et son logement, les sommes qu’il a ainsi déboursées au cours de l’année, dans la mesure où il n’a pas été remboursé et n’a pas le droit d’être remboursé à cet égard; Frais de déplacement h) lorsque le contribuable, au cours de l’année, à la fois : (i) a été habituellement tenu d’exercer les fonctions de son emploi ailleurs qu’au lieu d’affaires de son employeur ou à différents endroits, et (ii) a été tenu, en vertu d’un contrat d’emploi, d’acquitter les frais de déplacement engagés dans l’accomplissement des fonctions de sa charge ou de son emploi, les sommes qu’il a dépensées pendant l’année (sauf les frais afférents à un véhicule à moteur) pour se déplacer dans l’exercice des fonctions de son emploi, sauf si, selon le cas : (iii) reçu une allocation pour frais de déplacement qui, par l’effet des sous-alinéas 6(1)b)(v), (vi), (vii), n’est pas incluse dans le calcul de son revenu pour l’année, (iv) demandé une déduction pour l’année en application des alinéas e), f) ou g); Frais afférents à un véhicule à moteur h.1) dans le cas où le contribuable, au cours de l’année, a été habituellement tenu d’accomplir les fonctions de son emploi ailleurs qu’au lieu d’affaires de son employeur ou à différents endroits et a été tenu, aux termes de son contrat d’emploi, d’acquitter les frais afférents à un véhicule à moteur qu’il a engagés dans l’accomplissement des fonctions de sa charge ou de son emploi, les sommes qu’il a dépensées au cours de l’année au titre des frais afférents à un véhicule à moteur pour se déplacer dans l’exercice des fonctions de son emploi, sauf si, selon le cas : (i) reçu une allocation pour frais afférents à un véhicule à moteur qui, par l’effet de l’alinéa 6(1)b), Income Tax PART I Income Tax DIVISION B Computation of Income
All or any part of a deposit made under subparagraph 13(15)(a)(ii) or under the Canadian Vessel Construction Assistance Act may be paid out to or on behalf of any person who, under conditions satisfactory to the appropriate minister and as a replacement for the vessel disposed of, acquires a vessel before 1975 (a) that was constructed in Canada and is registered in Canada or is registered under conditions satisfactory to the appropriate minister in any country or territory to which the British Commonwealth Merchant Shipping Agreement, signed at London on December 10, 1931, applies, and (b) in respect of the capital cost of which no allowance has been made to any other taxpayer under this Act or the Canadian Vessel Construction Assistance Act, or incurs any conversion cost with respect to a vessel owned by that person that is registered in Canada or is registered under conditions satisfactory to the appropriate minister in any country or territory to which the agreement referred to in paragraph 13(19)(a) applies, at the ratio of the amount paid out to the amount of the deposit shall not exceed the ratio of the capital cost to that person of the vessel or the conversion cost to that person of the vessel, as the case may be, to the proceeds of disposition of the vessel disposed of, and any deposit or part of a deposit not so paid out before July 1, 1975 or not paid out pursuant to subsection 13(20) shall be paid to the Receiver General and form part of the Consolidated Revenue Fund.
Impôt sur le revenu
Notwithstanding any other provision of this section, where a taxpayer made a deposit under subparagraph 13(15)(a)(ii) and the proceeds of disposition in respect of which the deposit was made were not used by any person before 1975 under conditions satisfactory to the appropriate minister as a replacement for the vessel disposed of, (b) to incur any conversion cost with respect to a vessel owned by that person that is registered in Canada or is registered under conditions satisfactory to the appropriate minister in any country or territory to which the agreement referred to in paragraph 13(19)(a) applies, the appropriate minister may refund to the taxpayer the deposit, or the part thereof not paid out to the taxpayer under subsection 13(19), as the case may be, in which case there shall be added, in computing the income of the taxpayer for the taxation year of the taxpayer in which the vessel was disposed of, that proportion of the amount that would have been included in computing the income for the year under this Part had the deposit not been made under subparagraph 13(15)(a)(ii) that the portion of the proceeds of disposition not so used before 1975 as such a replacement is of the proceeds of disposition, and, notwithstanding any other provision of this Act, such reassessments of tax, interest or penalties shall be made as are necessary to give effect to this subsection.
In this section, appropriate minister means the Canadian Maritime Commission, the Minister of Industry, Trade and Commerce, the Minister of Regional Industrial Expansion, the Minister of Industry, Science and Technology or the Minister of Industry or any other minister or body that was or is legally authorized to perform the act referred to in the provision in which this expression occurs at the time the act was or is performed; (ministre compétent) conversion, in respect of a vessel, means a conversion or major alteration in Canada by a taxpayer; (conversion) depreciable property of a taxpayer as of any time in a taxation year means property acquired by the taxpayer in respect of which the taxpayer has been allowed, or would, if the taxpayer owned the property at the end of the year and this Act were read without reference to subsection 13(26), be entitled to, a deduction under paragraph 20(1)(a) in computing income for that year or a preceding taxation year; (bien amortissable) proceeds of disposition of property includes (a) the sale price of property that has been sold, (b) compensation for property unlawfully taken, (c) compensation for property destroyed and any amount payable under a policy of insurance in respect of loss or destruction of property, (d) compensation for property taken under statutory authority or the sale price of property sold to a person by whom notice of an intention to take it under statutory authority was given, (e) compensation for property injuriously affected, whether lawfully or unlawfully or under statutory authority or otherwise, (f) compensation for property damaged and any amount payable under a policy of insurance in respect of damage to property, except to the extent that the compensation or amount, as the case may be, has within a reasonable time after the damage been expended on repairing the damage, (g) an amount by which the liability of a taxpayer to a mortgagee or hypothecary creditor is reduced as a result of the sale of mortgaged or hypothecated property under a provision of the mortgage or hypothec, plus any amount received by the taxpayer out of the proceeds of sale, and timber resource property of a taxpayer means (a) a right or licence to cut or remove timber from a limit or area in Canada (in this definition referred to as an “original right”) if (i) that original right was acquired by the taxpayer (other than in the manner referred to in paragraph 13(21) timber resource property (b)) after May 6, 1974, and (ii) at the time of the acquisition of the original right (A) the taxpayer may reasonably be regarded as having acquired, directly or indirectly, the right to extend or renew that original right or to acquire another such right or licence in substitution therefor, or (B) in the ordinary course of events, the taxpayer may reasonably expect to be able to extend or renew that original right or to acquire another such right or licence in substitution therefor, or (b) any right or licence owned by the taxpayer to cut or remove timber from a limit or area in Canada if that right or licence may reasonably be regarded (i) as an extension or renewal of or as one of a series of extensions or renewals of an original right of the taxpayer, or (ii) as having been acquired in substitution for or as one of a series of substitutions for an original right of the taxpayer or any renewal or extension thereof; (avoir forestier) total depreciation allowed to a taxpayer before any time for property of a prescribed class means the total of all amounts each of which is an amount deducted by the taxpayer under paragraph 20(1)(a) in respect of property of that class or an amount deducted under subsection 20(16), or that would have been so deducted but for subsection 20(16.1), in computing the taxpayer’s income for taxation years ending before that time; (amortissement total) undepreciated capital cost to a taxpayer of depreciable property of a prescribed class as of any time means the amount determined by the formula A is the total of all amounts each of which is the capital cost to the taxpayer of a depreciable property of the class acquired before that time, B is the total of all amounts included in the taxpayer’s income under this section for a taxation year ending before that time, to the extent that those amounts relate to the depreciable property of the class, C is the total of all amounts each of which is such part of any assistance as has been repaid by the taxpayer, pursuant to an obligation to repay all or any part of that assistance, in respect of a depreciable property of the class subsequent to the disposition thereof by the taxpayer that would have been included in an amount determined under paragraph 13(7.1)(d) had the repayment been made before the disposition, D is the total of all amounts each of which is an amount repaid in respect of a property of the class subsequent to the disposition thereof by the taxpayer that would have been an amount described in paragraph 13(7.4)(b) had the repayment been made before the disposition, D.1 is the total of all amounts each of which is an amount paid by the taxpayer before that time as or on account of an existing or proposed Current to January 22, 2025 SUBDIVISION B Income or Loss from a Business or Property countervailing or anti-dumping duty in respect of depreciable property of the class, E is the total depreciation allowed to the taxpayer for property of the class before that time, including, if the taxpayer is an insurer, depreciation deemed to have been allowed before that time under subsection (22) or (23) as they read in their application to the taxpayer’s last taxation year that began before November 2011, E.1 is the total of all amounts each of which is an amount by which the undepreciated capital cost to the taxpayer of depreciable property of that class is required (otherwise than because of a reduction in the capital cost to the taxpayer of depreciable property) to be reduced at or before that time because of subsection 80(5), F is the total of all amounts each of which is an amount in respect of a disposition before that time of property (other than a timber resource property) of the taxpayer of the class, and is the lesser of (a) the proceeds of disposition of the property minus any outlays and expenses to the extent that they were made or incurred by the taxpayer for the purpose of making the disposition, and (b) the capital cost to the taxpayer of the property, G is the total of all amounts each of which is the proceeds of disposition before that time of a timber resource property of the taxpayer of the class minus any outlays and expenses to the extent that they were made or incurred by the taxpayer for the purpose of making the disposition, H is, where the property of the class was acquired by the taxpayer for the purpose of gaining or producing income from a mine and the taxpayer so elects in prescribed manner and within a prescribed time in respect of that property, the amount equal to that portion of the income derived from the operation of the mine that is, by virtue of the provisions of the Income Tax Application Rules relating to income from the operation of new mines, not included in computing the income of the taxpayer or any other person, I is the total of all amounts deducted under subsection 127(5) or (6), 127.4(3), 127.45(6), 127.48(3) or 127.49(6), in respect of a depreciable property of the class of the taxpayer, in computing the taxpayer’s tax payable for a taxation year ending before that time and subsequent to the disposition of the property by the taxpayer, J is the total of all amounts of assistance that the taxpayer received or was entitled to receive before that SUBDIVISION B Income or Loss from a Business or Property time, in respect of or for the acquisition of a depreciable property of the class of the taxpayer subsequent to the disposition of that property by the taxpayer, that would have been included in an amount determined under paragraph 13(7.1)(f) had the assistance been received before the disposition, and K is the total of all amounts each of which is an amount received by the taxpayer before that time in respect of a refund of an amount added to the undepreciated capital cost of depreciable property of the class because of the description of D.1; (fraction non amortie du coût en capital) vessel means a vessel as defined in the Canada Shipping Act. (navire) Disposition of building (21.1) Notwithstanding subsection 13(7) and the definition proceeds of disposition in section 54, where at any particular time in a taxation year a taxpayer disposes of a building of a prescribed class and the proceeds of disposition of the building determined without reference to this subsection and subsection 13(21.2) are less than the lesser of the cost amount and the capital cost to the taxpayer of the building immediately before the disposition, for the purposes of paragraph (a) of the description of F in the definition undepreciated capital cost in subsection 13(21) and Subdivision C, (a) where in the year the taxpayer or a person with whom the taxpayer does not deal at arm’s length disposes of land adjacent to, or immediately contiguous to and necessary for the use of, the building, the proceeds of disposition of the building are deemed to be the lesser of (i) the amount, if any, by which (A) the total of the fair market value of the building at the particular time and the fair SUBDIVISION B Income or Loss from a Business or Property market value of the land immediately before its disposition exceeds (B) the lesser of the fair market value of the land immediately before its disposition and the amount, if any, by which the cost amount to the vendor of the land (determined without reference to this subsection) exceeds the total of the capital gains (determined without reference to subparagraphs 40(1)(a)(ii) and (iii)) in respect of dispositions of the land within 3 years before the particular time by the taxpayer or by a person with whom the taxpayer was not dealing at arm’s length to the taxpayer or to another person with whom the taxpayer was not dealing at arm’s length, and (A) the fair market value of the building at the particular time, and (B) the lesser of the cost amount and the capital cost to the taxpayer of the building immediately before its disposition, and notwithstanding any other provision of this Act, the proceeds of disposition of the land are deemed to be the amount, if any, by which (iii) the total of the proceeds of disposition of the building and of the land determined without reference to this subsection and subsection 13(21.2) (iv) the proceeds of disposition of the building as determined under this paragraph, and the cost to the purchaser of the land shall be determined without reference to this subsection; and (b) where paragraph 13(21.1)(a) does not apply with respect to the disposition and, at any time before the disposition, the taxpayer or a person with whom the taxpayer did not deal at arm’s length owned the land subjacent to, or immediately contiguous to and necessary for the use of, the building, the proceeds of disposition of the building are deemed to be an amount equal to the total of (i) the proceeds of disposition of the building determined without reference to this subsection and subsection 13(21.2), and (ii) 1/2 of the amount by which the greater of (A) the cost amount to the taxpayer of the building, and (B) the fair market value of the building immediately before its disposition exceeds the proceeds of disposition referred to in subparagraph 13(21.1)(b)(ii). Loss on certain transfers (a) a person or partnership (in this subsection referred to as the “transferor”) disposes at a particular time (otherwise than in a disposition described in any of paragraphs (c) to (g) of the definition superficial loss in section 54) of a depreciable property — other than, for the purposes of computing the exempt surplus or exempt deficit and taxable surplus or taxable deficit of a foreign affiliate of a taxpayer, in respect of the taxpayer, where the transferor is the affiliate or is a partnership of which the affiliate is a member, depreciable property that is, or would be, if the transferor were a foreign affiliate of the taxpayer, excluded property (within the meaning assigned by subsection 95(1)) of the transferor — of a particular prescribed class of the transferor, (i) the capital cost to the transferor of the transferred property, and (ii) the proportion of the undepreciated capital cost to the transferor of all property of the particular class immediately before that time that (A) the fair market value of the transferred property at that time is of (B) the fair market value of all property of the particular class immediately before that time exceeds the amount that would otherwise be the transferor’s proceeds of disposition of the transferred property at the particular time, and (c) on the 30th day after the particular time, a person or partnership (in this subsection referred to as the “subsequent owner”) who is the transferor or a person affiliated with the transferor owns or has a right to acquire the transferred property (other than a right, as security only, derived from a mortgage, hypothec, agreement for sale or similar obligation), the following rules apply: (e) for the purposes of applying this section and section 20 and any regulations made for the purpose of paragraph 20(1)(a) to the transferor for taxation years that end after the particular time, (i) the transferor is deemed to have disposed of the transferred property for proceeds equal to the lesser of the amounts determined under subparagraphs 13(21.2)(b)(i) and 13(21.2)(b)(ii) with respect to the transferred property, (ii) where two or more properties of a prescribed class of the transferor are disposed of at the same time, subparagraph (i) applies as if each property so disposed of had been separately disposed of in the order designated by the transferor or, if the transferor does not designate an order, in the order designated by the Minister, (iii) the transferor is deemed to own a property that was acquired before the beginning of the taxation year that includes the particular time at a capital cost equal to the amount of the excess described in paragraph 13(21.2)(b), and that is property of the particular class, until the time that is immediately before the first time, after the particular time, (A) at which a 30-day period begins throughout which neither the transferor nor a person affiliated with the transferor owns or has a right to acquire the transferred property (other than a right, as security only, derived from a mortgage, hypothec, agreement for sale or similar obligation), (B) at which the transferred property is not used by the transferor or a person affiliated with the transferor for the purpose of earning income and is used for another purpose, (C) at which the transferred property would, if it were owned by the transferor, be deemed by section 128.1 or subsection 149(10) to have been disposed of by the transferor, (D) that is immediately before the transferor is subject to a loss restriction event, or (E) if the transferor is a corporation, (l) for the purposes of computing the transferor's foreign accrual property income, exempt surplus or exempt deficit, and taxable surplus or taxable deficit, in respect of a taxpayer for a taxation year of the transferor where the transferor is a foreign affiliate of the taxpayer, at which the liquidation and dissolution of the transferor begins, unless the liquidation and dissolution is
(ll) for any other purposes, at which the winding-up (other than a winding-up to which subsection 88(1) applies) of the transferor begins, and (iv) the property described in subparagraph 13(21.2)(e)(iii) is considered to have become available for use by the transferor at the time at which the transferred property is considered to have become available for use by the subsequent owner, (f) for the purposes of subparagraphs 13(21.2)(e)(iii) and 13(21.2)(e)(iv), where a partnership otherwise ceases to exist at any time after the particular time, the partnership is deemed not to have ceased to exist, and each person who was a member of the partnership immediately before the partnership would, but for this paragraph, have ceased to exist is deemed to remain a member of the partnership, until the time that is immediately after the first time described in clauses 13(21.2)(e)(iii)(A) to 13(21.2)(e)(iii)(E), and (g) for the purposes of applying this section and section 20 and any regulations made for the purpose of paragraph 20(1)(a) to the subsequent owner, (i) the subsequent owner's capital cost of the transferred property is deemed to be the amount that was the transferor's capital cost of the transferred property, and (ii) the amount by which the transferor's capital cost of the transferred property exceeds its fair market value at the particular time is deemed to have been deducted under paragraph 20(1)(a) by the subsequent owner in respect of property of that class in computing income for taxation years that ended before the particular time. SUBDIVISION B Income or Loss from a Business or Property Loss restriction event
n’est pas incluse dans le calcul de son revenu pour l’année, (ii) demandé une déduction pour l’année en application de l’alinéa f); Cotisations et autres dépenses liées à l’exercice de fonctions (i) dans la mesure où il n’a pas été remboursé et n’a pas le droit d’être remboursé et à cet égard, les sommes payées par le contribuable au cours de l’année, ou les sommes payées pour son compte au cours de l’année si elles sont à inclure dans son revenu pour l’année, au titre : (i) des cotisations annuelles de membre de l’association professionnelle dont le paiement était nécessaire pour la conservation d’un statut professionnel reconnu par la loi, (ii) du loyer de bureau ou du salaire d’un adjoint ou remplaçant que le contrat d’emploi du cadre ou de l’employé l’obligeait à payer, (iii) du coût des fournitures qui ont été consommées directement dans l’accomplissement des fonctions de la charge ou de l’emploi et que le contrat d’emploi du cadre ou de l’employé l’obligeait à fournir et à payer, (iv) des cotisations annuelles requises pour demeurer membre d’une association de fonctionnaires dont le principal objet est de favoriser l’amélioration des conditions d’emploi ou de travail des membres, ou d’un syndicat au sens : (A) l’article 3 du Code canadien du travail, (B) toute loi provinciale prévoyant des enquêtes sur les conflits du travail, la conciliation ou le règlement de ceux-ci, (v) des cotisations annuelles qui ont été, conformément aux dispositions d’une convention collective, retenues par son employeur sur sa rémunération et versées à un syndicat ou à une association visés au sous-alinéa (iv) et dont le contribuable n’était pas membre, (vi) des cotisations, à un comité paritaire ou consultatif ou à un groupement semblable, dont la législation d’une province prévoit le paiement en raison de l’emploi que le contribuable exerce pour l’année; Income Tax PART I Income Tax DIVISION B Computation of Income
If at any time a taxpayer is subject to a loss restriction event and, within the 12-month period that ended immediately before that time, the taxpayer, a partnership of which the taxpayer was a majority-interest partner or a trust of which the taxpayer was a majority-interest beneficiary (as defined in subsection 251.1(3)) acquired depreciable property (other than property that was held, by the taxpayer, partnership or trust or by a person that would be affiliated with the taxpayer if section 251.1 were read without reference to the definition controlled in subsection 251.1(3), throughout the period that began immediately before the 12-month period began and ended at the time the property was acquired by the taxpayer, partnership or trust) that was not used, or acquired for use, by the taxpayer, partnership or trust in a business that was carried on by it immediately before the 12-month period began (a) subject to paragraph (b), for the purposes of the description of A in the definition of undepreciated capital cost in subsection (21) and of sections 127, 127.1, 127.44, 127.45, 127.48 and 127.49, the property is deemed (i) not to have been acquired by the taxpayer, partnership or trust, as the case may be, before that time, and (ii) to have been acquired by it immediately after that time; and (b) if the property was disposed of by the taxpayer, partnership or trust, as the case may be, before that time and was not reacquired by it before that time, for the purposes of the description of A in that definition, the property is deemed to have been acquired by it immediately before the property was disposed of.
For the purposes of subsection (24), if the taxpayer referred to in that subsection was formed or created in the 12-month period referred to in that subsection, the taxpayer is deemed to have been, throughout the period that began immediately before the 12-month period and ended immediately after it was formed or created, SUBDIVISION B Income or Loss from a Business or Property (a) in existence; and (b) affiliated with every person with whom it was affiliated (otherwise than because of a right referred to in paragraph 251(5)(b)) throughout the period that began when it was formed or created and that ended immediately before the time at which the taxpayer was subject to the loss restriction event referred to in that subsection. Restriction on deduction before available for use
P.P. contributions and U.I.A. premiums Quebec parental insurance plan Impôt sur le revenu
In applying the definition undepreciated capital cost in subsection 13(21) for the purposes of paragraph 20(1)(a) and any regulations made for the purpose of that paragraph, in computing a taxpayer’s income for a taxation year from a business or property, no amount shall be included in calculating the undepreciated capital cost to the taxpayer of depreciable property of a prescribed class in respect of the capital cost to the taxpayer of a property of that class (other than property that is a certified production, as defined by regulations made for the purpose of paragraph 20(1)(a)) before the time the property has been considered to have become available for use by the taxpayer.
For the purposes of subsection 13(26) and subject to subsection 13(29), property (other than a building or part thereof) acquired by a taxpayer shall be considered to have become available for use by the taxpayer at the earliest of (a) the time the property is first used by the taxpayer for the purpose of earning income, (b) the time that is immediately after the beginning of the first taxation year of the taxpayer that begins more than 357 days after the end of the taxation year of the taxpayer in which the property was acquired by the taxpayer, (c) the time that is immediately before the disposition of the property by the taxpayer, (i) is delivered to the taxpayer, or to a person or partnership (in this paragraph referred to as the “other person”) that will use the property for the benefit of the taxpayer, or, where the property is not of a type that is deliverable, is made available to the taxpayer or the other person, and (ii) is capable, either alone or in combination with other property in the possession at that time of the taxpayer or the other person, of being used by or for the benefit of the taxpayer or the other person to produce a commercially saleable product or to perform a commercially saleable service, including an intermediate product or service that is used or consumed, or to be used or consumed, by or for the benefit of the taxpayer or the other person in producing or performing any such product or service; (e) in the case of property acquired by the taxpayer for the prevention, reduction or elimination of air or water pollution created by operations carried on by the taxpayer or that would be created by such operations if the property had not been acquired, the time at which the property is installed and capable of performing the function for which it was acquired, (f) in the case of property acquired by (i) a corporation a class of shares of the capital stock of which is listed on a designated stock exchange, (ii) a corporation that is a public corporation because of an election made under subparagraph (b)(i) of the definition public corporation in subsection 89(1) or a designation made by the Minister in a notice to the corporation under subparagraph (b)(ii) of that definition, or (iii) a subsidiary wholly-owned corporation of a corporation described in subparagraph 13(27)(f)(i) or 13(27)(f)(ii), the end of the taxation year for which depreciation in respect of the property is first deducted in computing the earnings of the corporation in accordance with generally accepted accounting principles and for the purpose of the financial statements of the corporation for the year presented to its shareholders, (g) in the case of property acquired by the taxpayer in the course of carrying on a business of farming or fishing, the time at which the property has been delivered to the taxpayer and is capable of performing the function for which it was acquired, (h) in the case of property of a taxpayer that is a motor vehicle, trailer, trolley bus, aircraft or vessel for which one or more permits, certificates or licences evidencing that the property may be operated by the taxpayer in accordance with any laws regulating the use of such property are required to be obtained, the time all those permits, certificates or licences have been obtained, (i) in the case of property that is a spare part intended to replace a part of another property of the taxpayer if required due to a breakdown of that other property, the time the other property became available for use by the taxpayer, (j) in the case of a concrete gravity base structure and topside modules intended to be used at an oil production facility in a commercial discovery area (within the meaning assigned by section 2 of the Canada Petroleum Resources Act) on which the drilling of the first well that indicated the discovery began before March 5, 1982, in an offshore region prescribed for the purposes of subsection 127(9), the time the gravity base structure de-ballasts and lifts the assembled topside modules, and (k) where the property is (within the meaning assigned by subsection 13(4.1)) a replacement for a former property described in paragraph 13(4)(a) that was acquired before 1990 or that became available for use at or before the time the replacement property is acquired, the time the replacement property is acquired, and, for the purposes of paragraph 13(27)(f), where depreciation is calculated by reference to a portion of the cost of the property, only that portion of the property shall be considered to have become available for use at the end of the taxation year referred to in that paragraph.
For the purposes of subsection 13(26) and subject to subsection 13(29), property that is a building or part thereof of a taxpayer shall be considered to have become available for use by the taxpayer at the earliest of (a) the time all or substantially all of the building is first used by the taxpayer for the purpose for which it was acquired, (b) the time the construction of the building is complete, (c) the time that is immediately after the beginning of the taxpayer’s first taxation year that begins more than 357 days after the end of the taxpayer’s taxation year in which the property was acquired by the taxpayer, (d) the time that is immediately before the disposition of the property by the taxpayer, and (e) where the property is (within the meaning assigned by subsection 13(4.1)) a replacement for a former property described in paragraph 13(4)(a) that was acquired before 1990 or that became available for use at or before the time the replacement property is acquired, the time the replacement property is acquired, and, for the purpose of this subsection, a renovation, alteration or addition to a particular building shall be considered to be a building separate from the particular building.
For the purposes of subsection 13(26), where a taxpayer acquires property (other than a building that is used or is to be used by the taxpayer principally for the purpose of gaining or producing gross revenue that is rent) in the taxpayer’s first taxation year (in this subsection referred to as the “particular year”) that begins more than 357 days after the end of the taxpayer’s taxation year in which the taxpayer first acquired property after 1989, that is part of a project of the taxpayer, or in a taxation year subsequent to the particular year, and at the end of any taxation year (in this subsection referred to as the “inclusion year”) of the taxpayer (a) the property can reasonably be considered to be part of the project, and (b) the property has not otherwise become available for use, if the taxpayer so elects in prescribed form filed with the taxpayer’s return of income under this Part for the particular year, that particular portion of the property the capital cost of which does not exceed the amount, if any, by which (c) the total of all amounts each of which is the capital cost to the taxpayer of a depreciable property (other than a building that is used or is to be used by the taxpayer principally for the purpose of gaining or producing gross revenue that is rent) that is part of the project, that was acquired by the taxpayer after 1989 and before the end of the taxpayer’s last taxation year that ends more than 357 days before the beginning of the inclusion year and that has not become available for use at or before the end of the inclusion year (except where the property has first become available for use before the end of the inclusion year because of this subsection or paragraph 13(27)(b) or 13(28)(c)) exceeds (d) the total of all amounts each of which is the capital cost to the taxpayer of a depreciable property, other than the particular portion of the property, that is part of the project to the extent that the property is considered, because of this subsection, to have become available for use before the end of the inclusion year shall be considered to have become available for use immediately before the end of the inclusion year. Transfers of property
Frais afférents à un véhicule à moteur ou à un aéronef j) lorsqu’un montant est déductible en application des alinéas f), h) ou h.1) dans le calcul du revenu que le contribuable tire d’une charge ou d’un emploi pour une année d’imposition : (i) les intérêts payés par le contribuable au cours de l’année soit sur de l’argent emprunté et utilisé pour acquérir un véhicule à moteur utilisé dans l’exercice des fonctions de sa charge ou de son emploi, soit sur un montant payable pour l’acquisition d’un tel véhicule ou aéronef, (ii) la déduction pour amortissement permise pour le contribuable, autorisée par règlement, applicable, selon le cas : (A) à un véhicule à moteur utilisé dans l’exercice des fonctions de sa charge ou de son emploi, (B) à un aéronef qui est nécessaire à l’exercice de ces fonctions; Cotisations au Régime de pensions du Canada et prime prévue par la Loi sur l’assurance-emploi
Notwithstanding subsections 13(27) to 13(29), for the purpose of subsection 13(26), property of a taxpayer shall be deemed to have become available for use by the taxpayer at the earlier of the time the property was acquired by the taxpayer and, if applicable, a prescribed time, where (a) the property was acquired (i) from a person with whom the taxpayer was not dealing at arm’s length (otherwise than because of a right referred to in paragraph 251(5)(b)) at the time the property was acquired by the taxpayer, or (ii) in the course of a reorganization in respect of which, if a dividend were received by a corporation in the course of the reorganization, subsection 55(2) would not apply to the dividend because of paragraph 55(3)(b); and (b) before the property was acquired by the taxpayer, it became available for use (determined without reference to paragraphs 13(27)(c) and 13(28)(d)) by the person from whom it was acquired.
l.1) les sommes payables par le contribuable au cours de l’année : (i) à titre de cotisation patronale en vertu de la Loi sur l’assurance-emploi, (ii) à titre de cotisation de l’employeur en vertu du Régime de pensions du Canada ou en vertu d’un régime provincial de pensions au sens de l’article 3 de cette loi, relativement au salaire, au traitement ou à toute autre rémunération, y compris les gratifications, payés à un particulier employé par le contribuable à titre d’adjoint ou de remplaçant pour exercer les fonctions de sa charge ou de l’emploi du contribuable, si le contribuable peut déduire une certaine somme pour l’année, en vertu du sous-alinéa (i)(ii), relativement à ce particulier; Régime québécois d’assurance parentale
For the purposes of paragraphs 13(27)(b) and 13(28)(c) and subsection 13(29), where a property of a taxpayer was acquired from a person (in this subsection referred to as “the transferor”) (a) with whom the taxpayer was, at the time the taxpayer acquired the property, not dealing at arm’s length (otherwise than because of a right referred to in paragraph 251(5)(b)); or (b) in the course of a reorganization in respect of which, if a dividend were received by a corporation in the course of the reorganization, subsection 55(2) would not apply to the dividend because of the application of paragraph 55(3)(b), the taxpayer shall be deemed to have acquired the property at the time it was acquired by the transferor. Leased property
l.2) toute somme à payer par le contribuable au cours de l’année à titre de cotisation d’employeur en application de la Loi sur l’assurance parentale, L.R.Q., ch. A-29.011, relativement au salaire, au traitement ou à toute autre rémunération, y compris les gratifications, (iii) either (C) [Repealed, 1994, c. 21, s. 4(2)] Salary reimbursement (n.1) where, (iv) the amount of the reimbursement payment; dans les fonctions de sa charge ou de son emploi, dans la mesure où : (i) la somme ainsi versée a été incluse dans le calcul de son revenu tiré d’une charge ou d’un emploi, (ii) le total des sommes ainsi remboursées ne dépasse pas le total des sommes qui a été inclus au titre de son revenu pour toute année où il n’a pas exercé les fonctions de sa charge ou de son emploi; Remboursement de paiements pour invalidité n.1) Dans le cas où les conditions suivantes sont réunies : (i) par suite de la réception d’un paiement (appelé « paiement différé » au présent alinéa) d’un assureur, un montant (appelé « montant de remboursement » au présent alinéa) est versé par un particulier ou pour son compte à son employeur ou ancien employeur conformément avec un arrangement visé au sous-alinéa b)(ii) de la définition de paiement compensatoire pour invalidité au paragraphe 6(17), (ii) le montant de remboursement est versé : (A) au cours de l’année, mais non au cours des 60 premiers jours de l’année si le paiement différé a été reçu au cours de l’année d’imposition précédente, (B) dans les 60 jours suivant la fin de l’année, si le paiement différé a été reçu au cours de l’année, le moins élevé des montants suivants : (iii) le montant inclus, en application de l’alinéa 6(1)f) relativement au paiement différé, dans le calcul du revenu du particulier pour une année d’imposition, (iv) le montant de remboursement; Montants différés perdus o) dans le cas où, à la fin de l’année, les droits d’une personne de recevoir des avantages dans le cadre d’une entente d’échelonnement du traitement applicable au contribuable sont éteints et où personne n’a encore droit de recevoir un montant dans le cadre de l’entente, l’excédent éventuel du total des montants différés dans le cadre de l’entente ajoutés comme avantages en vertu de l’alinéa 6(1)a) dans le calcul du revenu du contribuable pour l’année et pour les années d’imposition antérieures sur le total des montants suivants : (i) tous ces montants différés reçus par une personne au cours de l’année ou d’années d’imposition antérieures sous le régime de l’entente, Idem Musical instrument costs les montants ainsi différés et reçus par toute personne au cours de l’année ou des années d’imposition antérieures dans le cadre de l’entente, (iii) les montants ainsi différés et à recevoir par toute personne au cours des années d’imposition ultérieures dans le cadre de l’entente, (iii) les montants déduits en vertu du présent alinéa dans le calcul du revenu du contribuable pour les années d’imposition antérieures dans le cadre de l’entente; Idem o.1) un montant qui est déductible, par l’effet du paragraphe 144(9), dans le calcul du revenu du contribuable pour l’année; Excédent RPEB o.2) toute somme qui représente un excédent RPEB, au sens du paragraphe 207.8(1), du contribuable pour l’année, à l’exception de toute partie de cet excédent pour laquelle l’impôt du contribuable pour l’année, prévu au paragraphe 207.8(2), fait l’objet d’une renonciation ou d’une annulation; Instruments de musique propriété d’employés p) lorsque le contribuable occupe au cours de l’année un emploi de musicien et que ses conditions de travail prévoient qu’il doit fournir un instrument de musique pendant une période de l’année, le montant — ne dépassant pas le revenu qu’il tire de cet emploi pour l’année — calculé compte non tenu du présent alinéa —, égal au total des éléments suivants : (i) les dépenses qu’il effectue avant la fin de l’année pour entretenir, louer ou assurer l’instrument de musique pendant cette période, dans la mesure où ces dépenses ne sont pas déduites par ailleurs dans le calcul de son revenu pour une année d’imposition, (ii) la déduction pour amortissement applicable à l’instrument de musique, pour le contribuable, autorisée par règlement; Dépenses d’artistes afférentes à un emploi q) lorsque le revenu que le contribuable tire pour l’année de la charge ou de l’emploi comprend un revenu provenant d’une des sources suivantes, les sommes que le contribuable a payées avant la fin de l’année au titre des dépenses engagées en vue de tirer le revenu de cette source, dans la mesure où ces sommes ne sont pas déductibles dans le calcul de son revenu pour une année d’imposition antérieure : exceeds Apprentice mechanics’ tool costs (A - B) + C where (B) the greater of (II) 5% of the total of (i) une activité artistique qui consiste pour le contribuable à créer des peintures, estampes, gravures, dessins, sculptures ou œuvres d’art semblables, mais non à reproduire de telles œuvres, (ii) une activité artistique qui consiste pour le contribuable à composer une œuvre littéraire, dramatique ou musicale, (iii) une activité artistique qui consiste pour le contribuable à interpréter une œuvre dramatique ou musicale à titre d’acteur, de danseur, de chanteur ou de musicien, (iv) une activité artistique à l’égard de laquelle le contribuable est membre d’une association d’artistes professionnels reconnue par le ministre des Communications; ces sommes ne peuvent dépasser un montant unique, pour l’ensemble des semblables charges et emplois du contribuable, égal à l’excédent éventuel du montant visé au sous-alinéa (v) sur le total des montants visés au sous-alinéa (vi); (v) le moins élevé de 1 000 $ et 20 % du total des montants représentant chacun un revenu du contribuable pour l’année provenant d’une charge ou d’un emploi calculé avant toute déduction prévue au présent article, et qui est un revenu provenant d’une activité visée à l’un des sous-alinéas (i) à (iv), (vi) les montants déduits par le contribuable pour l’année en application des alinéas j) ou p) au titre des frais ou dépenses engagés en vue de tirer le revenu d’une telle activité pour l’année; Coût des outils des apprentis mécaniciens r) si le contribuable est un apprenti mécanicien admissible après 2001 et avant la fin de l’année d’imposition, la somme qu’il déduit pour l’année d’imposition en application du présent alinéa, n’excédant pas le moins élevé des montants suivants : (i) son revenu de l’année d’imposition, calculé compte non tenu du présent alinéa, (ii) le montant obtenu par la formule suivante : (A - B) + C où : A représente le total des montants représentant chacun le coût pour le contribuable d’un outil admissible qu’il a acquis au cours de l’année d’imposition ou, si le contribuable a obtenu au cours de cette année son premier emploi à titre d’apprenti Income Tax PART I Income Tax DIVISION B Computation of Income
Where a taxpayer has leased property that is depreciable property of a person with whom the taxpayer does not deal at arm’s length, the amount, if any, by which (a) the total of all amounts paid or payable by the taxpayer for the use of, or the right to use, the property in a particular taxation year and before the time the property would have been considered to have become available for use by the taxpayer if the taxpayer had acquired the property, and that, but for this subsection, would be deductible in computing the taxpayer’s income for any taxation year (b) the total of all amounts received or receivable by the taxpayer for the use of, or the right to use, the property in the particular taxation year and before that time and that are included in the income of the taxpayer for any taxation year shall be deemed to be a cost to the taxpayer of a property included in Class 13 in Schedule II to the Income Tax Regulations and not to be an amount paid or payable for the use of, or the right to use, the property. Consideration given for depreciable property
Deduction — tradesperson’s tools A - $1,000 where (ii) the total of Impôt sur le revenu
For greater certainty, where a person acquires a depreciable property for consideration that can reasonably be considered to include a transfer of property, the portion of the consideration that can reasonably be attributable to the transfer shall not exceed the fair market value of the transferred property.
Where a taxpayer carries on a particular business, (a) there is deemed to be a single goodwill property in respect of the particular business; (b) if at any time the taxpayer acquires goodwill as part of an acquisition of all or a part of another business that is carried on, after the acquisition, as part of the particular business — or is deemed by subsection (35) to acquire goodwill in respect of the particular business — the cost of the goodwill is added at that time to the cost of the goodwill property in respect of the particular business; (c) if at any time the taxpayer disposes of goodwill as part of the disposition of part of the particular business, receives proceeds of disposition a portion of which is attributable to goodwill and continues to carry on the particular business or is deemed by subsection (37) to dispose of goodwill in respect of the particular business, (i) the taxpayer is deemed to dispose at that time of a portion of the goodwill property in respect of the particular business having a cost equal to the lesser of the cost of the goodwill property in respect of the SUBDIVISION B Income or Loss from a Business or Property particular business otherwise determined and the portion of the proceeds attributable to goodwill, and (ii) the cost of the goodwill property in respect of the particular business is reduced at that time by the amount determined under subparagraph (i); (d) if paragraph (c) applies to more than one disposition of goodwill at the same time, that paragraph and subsection (39) apply as if each disposition had occurred separately in the order designated by the taxpayer or, if the taxpayer does not designate an order, in the order designated by the Minister.
If at any time a taxpayer makes or incurs an outlay or expense on account of capital for the purpose of gaining or producing income from a business carried on by the taxpayer, the taxpayer is deemed to acquire at that time goodwill in respect of the business at a cost equal to the amount of the outlay or expense if no portion of the amount is (b) deductible in computing the taxpayer's income from the business (determined without reference to this subsection); (c) not deductible in computing the taxpayer's income from the business because of any provision of this Act (other than paragraph 18(1)(b)) or the Income Tax Regulations; (e) where the taxpayer is a corporation, partnership or trust, paid or payable to a person as a shareholder, partner or beneficiary, as the case may be, of the taxpayer. No addition to goodwill
For greater certainty, no amount paid or payable may be included in Class 14.1 of Schedule II to the Income Tax Regulations, if the amount is (a) in consideration for the purchase of shares; or Receipts not relating to property
If at any time in a taxation year a taxpayer has or may become entitled to receive an amount (in this subsection referred to as the receipt) on account of capital in respect of a business that is or was carried on by the taxpayer, the taxpayer is deemed to dispose, at that time, of goodwill in respect of the business for proceeds of disposition equal to the amount by which the receipt exceeds the total of all outlays or expenses that were made or incurred by the taxpayer for the purpose of obtaining the receipt and that were not otherwise deductible in computing the taxpayer’s income, if the following conditions are satisfied (determined without reference to this subsection): (a) the receipt is not included in computing the taxpayer’s income, or deducted in computing, for the purposes of this Act, any balance of undeducted outlays, expenses or other amounts for the taxation year or a preceding taxation year; (b) the receipt does not reduce the cost or capital cost of a property or the amount of an outlay or expense; and (c) the receipt is not included in computing any gain or loss of the taxpayer from a disposition of a capital property. Class 14.1 — transitional rules
If a taxpayer has incurred an eligible capital expenditure in respect of a business before January 1, 2017, (a) at the beginning of that day, the total capital cost of all property of the taxpayer included in Class 14.1 of Schedule II to the Income Tax Regulations in respect of the business, each of which was an eligible capital property of the taxpayer immediately before that day or is the goodwill property in respect of the business, is deemed to be the amount determined by the formula A is the amount that is the cumulative eligible capital in respect of the business at the beginning of that day, B is the amount determined for F in the definition cumulative eligible capital in subsection 14(5) (as that subsection applied immediately before that day) in respect of the business at the beginning of that day, and C is the amount by which the total of all amounts determined, in respect of the business, for E or F in the definition cumulative eligible capital in subsection 14(5) (as that subsection applied immediately before that day), exceeds the total of all amounts determined for A to D.1 in that definition in respect of the business at the beginning of that day, including any adjustment required by subparagraph (d)(i); (b) at the beginning of that day, the capital cost of each property of the taxpayer included in the class in respect of the business, each of which was an eligible capital property of the taxpayer immediately before that day or is the goodwill property in respect of the business, is to be determined as follows: (i) the taxpayer shall designate the order in which the capital cost of each property that is not the goodwill property is determined and, if the taxpayer does not designate an order, the Minister may designate the order, (ii) the capital cost of a particular property that is not the goodwill property in respect of the business is deemed to be the lesser of the eligible capital expenditure of the taxpayer in respect of the particular property and the amount by which the total capital cost of the class determined under paragraph (a) exceeds the total of all amounts each of which is an amount deemed by this subparagraph to be the capital cost of a property that is determined in advance of the determination of the capital cost of the particular property, and (iii) the capital cost of the goodwill property is deemed to be the amount by which the total capital cost of the class exceeds the total of all amounts each of which is an amount deemed by subparagraph (ii) to be the capital cost of a property; (c) an amount is deemed to have been allowed to the taxpayer in respect of property of the class under regulations made under paragraph 20(1)(a) in computing the taxpayer’s income for taxation years ending before that day equal to the amount by which (i) the total of the total capital cost of the class and the amount determined for C in paragraph (a) exceeds (ii) the amount determined for A in paragraph (a); and (d) if no taxation year of the taxpayer ends immediately before that day and the taxpayer would have had a particular amount included, because of paragraph 14(1)(b) (as that paragraph applied immediately before that day), in computing the taxpayer’s income from the business for the particular taxation year that includes that day if the particular year had ended immediately before that day, (i) for the purposes of the formula in paragraph (a), 3/2 of the particular amount is to be included in computing the amount for B of the definition **cumulative eligible capital** in subsection 14(5) (as that subsection applied immediately before that day), (ii) the taxpayer is deemed to dispose of a capital property in respect of the business immediately before that day for proceeds of disposition equal to twice the particular amount, (iii) if the taxpayer elects in writing to have this subparagraph apply and files that election with the Minister on or before the filing-due date for the particular year, subparagraph (ii) does not apply and an amount equal to the particular amount is to be included in computing the taxpayer’s income from the business for the particular year, (iv) if, on or after that day and in the particular year, the taxpayer acquires a property included in the class in respect of the business, or is deemed by subsection (35) to acquire goodwill in respect of the business, and the taxpayer elects in writing to have this subparagraph apply and files that election with the Minister on or before the filing-due date for the particular year, (A) for the purposes of subparagraphs (ii) and (iii), the particular amount is to be reduced by the lesser of the particular amount otherwise determined and 1/2 of the capital cost of the property or goodwill acquired (determined without reference to clause (B)), and (B) the capital cost of the property or goodwill acquired, as the case may be, is to be reduced by twice the amount by which the particular amount is reduced under clause (A), and (v) if, in the particular year and before that day, the taxpayer disposed of a **qualified farm or fishing property** (as defined in subsection 110.6(1)) that was an eligible capital property of the taxpayer, the capital property disposed of under subparagraph (ii), if any, is deemed to be a qualified farm or fishing property to the extent of the lesser of (A) the proceeds of disposition of the capital property, and (B) the amount by which the proceeds of disposition of the qualified farm or fishing property exceed its cost. Class 14.1 — transitional rule
C l’excédent du montant déterminé selon le présent sous-alinéa pour l’année d’imposition précédente relativement au contribuable sur le montant déduit par celui-ci en application du présent alinéa pour cette année; Déduction — outillage des gens de métier s) si le contribuable occupe un emploi à titre de personne de métier au cours de l’année, 1 000 $ ou, si elle est moins élevée, la somme obtenue par la formule A - 1 000 $ où : A représente la moins élevée des sommes suivantes : (i) le total des sommes représentant chacune le coût d’un outil admissible que le contribuable a acquis au cours de l’année, (ii) le total des sommes suivantes : (A) la somme qui, en l’absence du présent alinéa, correspondrait au revenu du contribuable pour l’année provenant de son emploi à titre de personne de métier au cours de l’année, (B) l’excédent éventuel de la somme à inclure, en application de l’alinéa 56(1)(n.1), Income Tax PART I Income Tax DIVISION B Computation of Income
If at any time a taxpayer disposes of a particular property included in Class 14.1 of Schedule II to the *Income Tax Regulations* in respect of a business and none of subsections 24(2), 70(5.1), 73(3.1), 85(1), 88(1), 98(3) and (5), 107(2) and 107.4(3) apply to the disposition, then for the purpose of determining the undepreciated capital cost of the class, the taxpayer is deemed to have acquired a property of the class immediately before that time with a capital cost equal to the lesser of 1/4 of the proceeds of disposition of the particular property, 1/4 of the capital cost of the particular property and (a) if the particular property is not goodwill and is acquired before January 1, 2017 by the taxpayer, 1/4 of the capital cost of the particular property; (b) if the particular property is not goodwill, is acquired on or after that day by the taxpayer and subsection (40) deems an amount to have been allowed under paragraph 20(1)(a) in respect of the taxpayer’s acquisition of the particular property, that amount; (c) if the particular property (other than a property to which paragraph (b) applies) is not goodwill and is acquired on or after that day by the taxpayer in circumstances under which any of subsections 24(2), 70(5.1), 73(3.1), 85(1), 88(1), 98(3) and (5), 107(2) and 107.4(3) — or would have been deemed under this subsection to have acquired a property if none of those subsections had applied, the capital cost of the property that would have been deemed under this subsection to have been acquired by the person or partnership; (i) the total of all amounts each of which is (A) 1/4 of the amount determined under subparagraph (38)(b)(iii) in respect of the business, (B) if goodwill is acquired on or after that day by the taxpayer and subsection (40) deems an amount to have been allowed under paragraph 20(1)(a) in respect of the taxpayer’s acquisition of the goodwill, that amount, or (C) if goodwill is acquired before that day — an acquisition in respect of which clause (B) applies) on or after that day by the taxpayer — in circumstances under which any of subsections 24(2), 70(5.1), 73(3.1), 85(1), 98(3) and (5), 107(2) and 107.4(3) apply — from a person or partnership that would have been deemed under this subsection to have acquired a property if none of those subsections had applied, the capital cost of the property that would have been deemed under this subsection to have been acquired by the person or partnership (ii) the total of all amounts each of which is the capital cost of a property deemed by this subsection to have been acquired by the taxpayer at or before that time in respect of another disposition of goodwill in respect of the business; and (e) in any other case, nil. Class 14.1 — transitional rule
General limitation Meals Dues not deductible Impôt sur le revenu
If at any time a taxpayer acquires a particular property included in Class 14.1 of Schedule II to the Income Tax Regulations in respect of a business, the acquisition of the particular property is part of a transaction or series of transactions or events that includes a disposition (in this subsection referred to as the prior disposition) at or before that time of the particular property, or a similar property, by the taxpayer or a person or partnership that does not deal at arm’s length with the taxpayer and subsection (39) applies in respect of the prior disposition, then for the purpose of determining the depreciated capital cost of the class, an amount is deemed to have SUBDIVISION B Income or Loss from a Business or Property been allowed under paragraph 20(1)(a) to the taxpayer in respect of the particular property) in computing the taxpayer’s income for taxation years ending before the acquisition equal to the lesser of the capital cost of the property deemed by subsection (39) to be acquired in respect of the prior disposition and 1/4 of the capital cost of the particular property. Class 14.1 — transitional rule
For the purposes of subsections (38) to (40) and (42), paragraph 20(1)(hh.1), subsections 40(13) to (16) and paragraph 79(4)(b), cumulative eligible capital, eligible capital expenditure, eligible capital property and exempt gains balance have the meanings that would be assigned to those expressions if the Act read as it did immediately before 2017. Class 14.1 — transitional rules
If a taxpayer owns property included in Class 14.1 of Schedule II to the Income Tax Regulations in respect of a business at the beginning of 2017, that was an eligible capital property in respect of the business immediately before 2017, the following rules apply: (a) for the purposes of the Act and its regulations (other than this section, section 20 and any regulations made for the purposes of paragraph 20(1)(a)), if the amount determined for A in the definition cumulative eligible capital in subsection 14(5) would have been increased immediately before 2017 if the property had been disposed of immediately before that time, the capital cost of the property is deemed to be increased by 4/3 of the amount of that increase; (b) for purposes of this section, section 20 and any regulations made for the purposes of paragraph 20(1)(a), if the taxpayer was deemed by subsection 14(2) to continue to own eligible capital property in respect of the business and not to have ceased to carry on the business until a time that is after 2016, the taxpayer is deemed to continue to own the property and to continue to carry on the business until the time that is immediately before the first time one of the events that would be described in any of paragraphs 14(2)(c) to (g) (as they read immediately before 2017, if the reference to “eligible capital property” in paragraph 14(2)(d) were read as “eligible capital property or capital property”) occurs; (c) for the purposes of the descriptions of D.1 and K in the definition undepreciated capital cost in subsection (21), the taxpayer is deemed not to have paid or received any amounts before 2017 as or on account of an existing or proposed countervailing or anti-dumping duty in respect of depreciable property of the class; and (d) subsection (7.1) does not apply to assistance that a taxpayer received or is entitled to receive before 2017 in respect of a property that was an eligible capital property immediately before 2017. Transitional rule
An amount is to be included in computing a taxpayer’s income from a business for a taxation year, and is deemed not to be a taxable capital gain (other than for the purposes of the definition capital dividend account in subsection 89(1)), to the extent (a) the amount is part of the proceeds of disposition of eligible capital property (as defined in section 54, as it read on December 31, 2016) that is in respect of the business; (b) the disposition is under an agreement between the taxpayer and a purchaser that deals at arm’s length with the taxpayer; (c) the disposition occurred before March 22, 2016; (d) the amount becomes receivable under the agreement after 2016 and before 2024 because of a condition of the agreement, if (i) at the end of 2016, it was uncertain whether the condition would be met, and (ii) the condition is met after 2016; (e) the amount would, in the absence of this subsection, be a taxable capital gain; (f) the amount would have been included in computing the taxpayer’s income from the business if the amount had become receivable on December 31, 2016; and (g) the taxpayer files an election with the Minister, no later than the filing-due date for the taxpayer’s first taxation year that ends after August 9, 2022 to have this subsection apply in respect of the amount. Benefit conferred on shareholder
Restriction générale
(a) where the corporation is resident in Canada at the time, (i) by the reduction of the paid-up capital of the corporation, (ii) by the redemption, acquisition or cancellation by the corporation of shares of its capital stock, (iii) on the winding-up, discontinuance or reorganization of the corporation’s business, or (iv) by way of a transaction to which subsection 88(1) or (2) applies; (a.1) where the corporation is not resident in Canada at the time, (i) by way of a distribution to which subsection 86.1(1) applies, (ii) by a reduction of the paid-up capital of the corporation to which subclause 53(2)(b)(i)(B)(II) or subparagraph 53(2)(b)(ii) applies, (iii) by the redemption, acquisition or cancellation by the corporation of shares of its capital stock, or (iv) on the winding-up, or liquidation and dissolution, of the corporation; (b) by the payment of a dividend or a stock dividend; (c) by conferring, on all owners of common shares of the capital stock of the corporation at that time, a right in respect of each common share, that is identical to every other right conferred at that time in respect of each other such share, to acquire additional shares of the capital stock of the corporation, and, for the purposes of this paragraph, (i) the shares of a particular class of common shares of the capital stock of the corporation are deemed to be property that is identical to the shares of another class of common shares of the capital stock of the corporation if (A) the voting rights attached to the particular class differ from the voting rights attached to the other class, and (B) there are no other differences between the terms and conditions of the classes of shares that could cause the fair market value of a share of the particular class to differ materially from the fair market value of a share of the other class, (ii) rights are not considered identical if the cost of acquiring the rights differs; or (1.1) Notwithstanding subsection (1), if in a taxation year a corporation has paid a stock dividend to a person and it may reasonably be considered that one of the purposes of that payment was to significantly alter the value of the interest of any specified shareholder of the corporation, the fair market value of the stock dividend shall, except to the extent that it is otherwise included in computing that person’s income under any of paragraphs 82(1)(a), (a.1) and (c) to (e), be included in computing the income of that person for the year. (1.2) For the purpose of subsection 15(1), the value of the benefit where an obligation issued by a debtor is settled or extinguished at any time shall be deemed to be the forgiven amount at that time in respect of the obligation. (1.21) For the purpose of subsection 15(1.2), the forgiven amount at any time in respect of an obligation issued by a debtor has the meaning that would be assigned by subsection 80(1) if SUBDIVISION B Income or Loss from a Business or Property (a) the obligation were a commercial obligation (within the meaning assigned by subsection 80(1)) issued by the debtor; (b) no amount included in computing income (otherwise than because of paragraph 6(1)(a)) because of the obligation being settled or extinguished were taken into account; (c) the definition forgiven amount in subsection 80(1) were read without reference to paragraphs (f) and (h) of the description B in that definition; and (d) section 80 were read without reference to paragraphs (2)(b) and (q) of that section. (1.3) To the extent that the cost to a person of purchasing a property or service or an amount payable by a person for the purpose of leasing property is taken into account in determining an amount required under this section to be included in computing a taxpayer’s income for a taxation year, that cost or amount payable, as the case may be, shall include any tax that was payable by the person in respect of the property or service or that would have been so payable if the person were not exempt from the payment of that tax because of the nature of the person or the use to which the property or service is to be put. (1.4) For the purposes of this subsection and subsection (1), (a) a contemplated shareholder of a corporation is (i) a person or partnership on whom a benefit is conferred by the corporation in contemplation of the person or partnership becoming a shareholder of the corporation, or (ii) a member of a partnership on whom a benefit is conferred by the corporation in contemplation of the partnership becoming a shareholder of the corporation; (b) a person or partnership that is (or is deemed by this paragraph to be) a member of a particular partnership that is a member of another partnership is deemed to be a member of the other partnership; (c) a benefit conferred by a corporation on an individual is a benefit conferred on a shareholder of the corporation, a member of a partnership that is a shareholder of the corporation or a contemplated shareholder of the corporation — except to the extent that the amount or value of the benefit is included in computing the income of the individual or any other person — if the individual is an individual, other than an excluded trust in respect of the corporation, who does not deal at arm’s length with, or is affiliated with, the shareholder, member of the partnership or contemplated shareholder, as the case may be; and (d) for the purposes of paragraph (c), an excluded trust in respect of a corporation is a trust in which no individual (other than an excluded trust in respect of the corporation) who does not deal at arm’s length with, or is affiliated with, a shareholder of the corporation, a member of a partnership that is a shareholder of the corporation or a contemplated shareholder of the corporation, is beneficially interested. Division of corporation under foreign laws (1.5) If a non-resident corporation (in this subsection referred to as the “original corporation”) governed by the laws of a foreign jurisdiction undergoes a division under those laws that results in all or part of its properties or liabilities becoming the property and liabilities of one or more non-resident corporations (each of which is referred to in this subsection as a “new corporation”) and, as a consequence of the division, a shareholder of the original corporation acquires one or more shares (referred to in this subsection as “new shares”) of the capital stock of a new corporation at a particular time, the following rules apply: (a) except to the extent that any of subparagraphs (1)(a.1)(i) to (iii) and paragraph (1)(b) applies (determined without reference to this subsection) to the acquisition of the new shares (i) in the case where, for each class of shares of the capital stock of the original corporation of which shares are held by the shareholder immediately before the division, new shares are received at the particular time by shareholders of that class on a pro rata basis in respect of all of the shares (referred to in this subsection as the “original shares”) of that class (A) at the particular time, the original corporation is deemed to have distributed, and the shareholder is deemed to have received, as a dividend in kind in respect of the original shares, the new shares acquired by the shareholder at the particular time, and (B) the amount of the dividend in kind received by the shareholder in respect of an original share SUBDIVISION B Income or Loss from a Business or Property is deemed to be equal to the fair market value, immediately after the particular time, of the new shares acquired by the shareholder at the particular time in respect of the original share, and (ii) in any case where subparagraph (i) does not apply, the original corporation is deemed, at the particular time, to have conferred a benefit on the shareholder equal to the total fair market value, at that time, of the new shares acquired by the shareholder as a consequence of the division; (b) any gain or loss of the original corporation from a distribution of the new shares as a consequence of the division is deemed to be nil; and (c) each property of the original corporation that becomes at any time (referred to in this paragraph as the “disposition time”) property of the new corporation as a consequence of the division is deemed to be (i) disposed of by the original corporation immediately before the disposition time for proceeds of disposition equal to the property’s fair market value, and (ii) acquired by the new corporation at the disposition time at a cost equal to the amount determined under subparagraph (i) to be the original corporation’s proceeds of disposition.
Seuls les montants prévus au présent article sont déductibles dans le calcul du revenu d’un contribuable tiré, pour une année d’imposition, d’une charge ou d’un emploi. Repas
Where a person (other than a corporation resident in Canada) or a partnership (other than a partnership each member of which is a corporation resident in Canada) is (b) connected with a shareholder of a particular corporation, or (c) a member of a partnership, or a beneficiary of a trust, that is a shareholder of a particular corporation and the person or partnership has in a taxation year received a loan from or become indebted to (otherwise than by way of a pertinent loan or indebtedness) the particular corporation, any other corporation related to the particular corporation or a partnership of which the particular corporation or a corporation related to the particular corporation is a member, the amount of the loan or indebtedness is included in computing the income for the year of the person or partnership. Meaning of connected (2.1) For the purposes of subsection (2), a person or partnership is connected with a shareholder of a particular corporation if that person or partnership does not deal at arm’s length with, or is affiliated with, the shareholder, unless, in the case of a person, that person is (b) a foreign affiliate of a person resident in Canada with which the particular corporation does not deal at arm’s length. Pertinent loan or indebtedness (2.11) For the purposes of subsection (2) and subject to subsection 17.1(3), pertinent loan or indebtedness means a loan received, or an indebtedness incurred, at any time, by a non-resident corporation (in this subsection referred to as the “subject corporation”), or by a partnership of which the subject corporation is, at that time, a member, that is an amount owing to a corporation resident in Canada (in this subsection and subsections (2.12) and (2.14) referred to as the “CRIC”) or to a qualifying Canadian partnership in respect of the CRIC and in respect of which amount owing all of the following apply: (a) subsection (2) would, in the absence of this subsection, apply to the amount owing; (b) the amount becomes owing after March 28, 2012; (c) at that time, the CRIC is controlled by a non-resident corporation that (i) is the subject corporation, or (ii) does not deal at arm’s length with the subject corporation; and (i) in the case of an amount owing to the CRIC, the CRIC and a non-resident corporation that controls the CRIC jointly elect in writing under this subparagraph in respect of the amount owing and file the election with the Minister on or before the filing-due date of the CRIC for the taxation year that includes that time, or (ii) in the case of an amount owing to the qualifying Canadian partnership, all the members of the qualifying Canadian partnership and a non-resident corporation that controls the CRIC jointly elect in writing under this subparagraph in respect of the amount owing and file the election with the SUBDIVISION B Income or Loss from a Business or Property Minister on or before the filing-due date of the CRIC for its taxation year in which ends the fiscal period of the qualifying Canadian partnership that includes that time. Late-filed elections (2.12) Where an election referred to in paragraph (2.11)(d) was not made on or before the day on or before which the election was required by that paragraph to be made, the election is deemed to have been made on that day if the election is made on or before the day that is three years after that day and the penalty in respect of the election is paid by the CRIC when the election is made. Penalty for late-filed election (2.13) For the purposes of subsection (2.12), the penalty in respect of an election referred to in that subsection is the amount equal to the product obtained by multiplying $100 by the number of months each of which is a month all or part of which is during the period commencing with the day on or before which the election is required by paragraph (2.11)(d) to be made and ending on the day the election is made. Partnerships (2.14) For purposes of this subsection, subsection (2.11), section 17.1 and subsection 18(5), (a) a qualifying Canadian partnership, at any time in respect of a CRIC, means a partnership each member of which is, at that time, the CRIC or another corporation resident in Canada to which the CRIC is, at that time, related; and (b) a person or partnership that is (or is deemed by this paragraph to be) a member of a particular partnership that is a member of another partnership is deemed to be a member of the other partnership. (a) if there has been an amalgamation to which subsection 87(1) applies, the new corporation referred to in that subsection is deemed to be the same corporation as, and a continuation of, each predecessor corporation referred to in that subsection; and (b) if there has been a winding-up to which subsection 88(1) applies, the parent referred to in that subsection SUBDIVISION B Income or Loss from a Business or Property Back-to-back arrangement — application (a) at that time, a person or partnership (referred to in this subsection and subsections (2.17) to (2.192) as the intended borrower) has an amount outstanding as or on account of a debt or other obligation to pay an amount (in this subsection and subsections (2.17) to (2.192) referred to as the shareholder debt) to a person or partnership (in this subsection and subsections (2.17) to (2.192) referred to as the immediate funder); (b) subsection (2) would not, in the absence of this subsection and subsection (2.17), apply to the shareholder debt; (c) at that time, a funder, in respect of a particular funding arrangement, (i) has an amount outstanding as or on account of a debt or other obligation to pay an amount (other than a debt or other obligation to pay an amount to which subsection (2) applies or would apply if it were not a pertinent loan or indebtedness, as defined in subsection (2.11)) to a person or partnership that meets either of the following conditions: (A) recourse in respect of the debt or other obligation is limited in whole or in part, either immediately or in the future and either absolutely or contingently, to a funding arrangement, or (B) it can reasonably be concluded that all or a portion of the particular funding arrangement was entered into or was permitted to remain outstanding because (I) all or a portion of the debt or other obligation was entered into or was permitted to remain outstanding, or (II) the funder anticipated that all or a portion of the debt or other obligation would become owing or remain outstanding, or (ii) has a specified right in respect of a particular property that was granted directly or indirectly by a person or partnership and (B) it can reasonably be concluded that all or a portion of the particular funding arrangement was entered into, or was permitted to remain in effect, because (I) the specified right was granted, or (II) the funder anticipated that the specified right would be granted; and Back-to-back arrangement — consequences (2.17) If this subsection applies at a particular time, then for the purposes of this section and section 80.4, the intended borrower is deemed to receive a loan from each particular ultimate funder at the particular time, the amount of which is equal to the amount determined by the formula A is the lesser of (a) the amount outstanding as or on account of the shareholder debt at the particular time, and (b) the total of all amounts, each of which is, at the particular time, (i) an amount outstanding as or on account of a debt or other obligation that is owed by a funder (other than an ultimate funder) to an ultimate funder under a funding arrangement in respect of the shareholder debt, or (ii) the fair market value of a particular property in respect of which an ultimate funder has granted a specified right to a funder (other than an ultimate funder) under a funding arrangement in respect of the shareholder debt; B is the total of all amounts, each of which is, at the particular time, (a) an amount outstanding as or on account of a debt or other obligation that is owed by a funder (other than an ultimate funder) to the particular SUBDIVISION B Income or Loss from a Business or Property ultimate funder under a funding arrangement in respect of the shareholder debt, or (b) the fair market value of a particular property in respect of which the particular ultimate funder has granted a specified right to a funder (other than an ultimate funder) under a funding arrangement in respect of the shareholder debt; C is the total amount determined under paragraph (b) of the description of A; D is the total of all amounts, each of which is, in respect of the shareholder debt, an amount that the intended borrower has been deemed by this subsection to have received from the particular ultimate funder as a loan at any time before the particular time; and E is the total amount of any repayments deemed by subsections (2.19) and (2.191) to have occurred before the particular time, in respect of any deemed loans from the particular ultimate funder that are referred to in the description of D. Back-to-back arrangement — conditions for deemed repayment (a) prior to the particular time, subsection (2.17) has applied in respect of a shareholder debt to deem one or more loans to have been received by the intended borrower from the particular ultimate funder; and (b) at the particular time, (i) an amount owing in respect of the shareholder debt is repaid in whole or in part, (ii) an amount owing in respect of a debt or other obligation owing to the particular ultimate funder by a funder (other than an ultimate funder) under a funding arrangement in respect of the shareholder debt is repaid in whole or in part, or (A) there is a decrease in the fair market value of a property in respect of which a specified right was granted by the particular ultimate funder to a funder (other than an ultimate funder) under a funding arrangement in respect of the shareholder debt, or (B) a right described in clause (A) is extinguished. Back-to-back arrangement — deemed repayment (2.19) If this subsection applies in respect of an intended borrower and a particular ultimate funder at a particular time, (a) the intended borrower is deemed, for the purposes of this section, paragraph 20(1)(j), section 80.4 and subsection 227(6.1), to repay, in whole or in part, one or more of the deemed loans referred to in paragraph (2.18)(a) at the particular time; and (b) the total amount of the deemed repayments referred to in paragraph (a) is to be determined by the following formula: A is the total of all amounts, each of which is the amount of a loan deemed by subsection (2.17) to have been received, at any time before the particular time, by the intended borrower from the particular ultimate funder in respect of the shareholder debt, B is the total of all amounts deemed by this subsection to have been repaid, at any time before the particular time, by the intended borrower in respect of any loans referred to in the description of A, and C is the amount determined by the formula D is the lesser of (i) the amount outstanding as or on account of the shareholder debt, immediately after the particular time, and (ii) the total of all amounts, each of which is, immediately after the particular time, (A) an amount outstanding as or on account of a debt or other obligation that is owed by a funder (other than an ultimate funder) to an ultimate funder under a funding arrangement in respect of the shareholder debt, or (B) the fair market value of a particular property in respect of which an ultimate funder has granted a specified right to a funder (other than an ultimate funder) under a funding arrangement in respect of the shareholder debt, E is the total of all amounts, each of which is, immediately after the particular time (i) an amount outstanding as or on account of a debt or other obligation that is owed by a funder (other than an ultimate funder) to the particular ultimate funder under a funding arrangement in respect of the shareholder debt, or (ii) the fair market value of a particular property in respect of which the particular ultimate funder has granted a specified amount to a funder (other than an ultimate funder) under a funding arrangement in respect of the shareholder debt, and F is the amount determined under subparagraph (ii) in the description of D. Negative amounts (2.191) If, in the absence of section 257, the formula in subsection (2.17) would result in a negative amount at a particular time, (a) the intended borrower is deemed, for the purposes of this section, paragraph 20(1)(j), section 80.4 and subsection 227.6(1), to repay, in whole or in part, one or more of the loans deemed by subsection (2.17) to have been received by the intended borrower from the particular ultimate funder before the particular time; and (b) the total amount of the deemed repayments referred to in paragraph (a) is equal to the absolute value of that negative amount. Back-to-back arrangement — definitions (2.192) The following definitions apply in this subsection and subsections (2.16) to (2.191). funder, in respect of a funding arrangement, means (a) if the funding arrangement is described in paragraph (a) of the definition funding arrangement, the immediate funder; (b) if the funding arrangement is described in paragraph (b) of the definition funding arrangement, the creditor in respect of the debt or other obligation or the grantor of the specified right, as the case may be; and SUBDIVISION B Income or Loss from a Business or Property (c) a person or partnership that does not deal at arm’s length with a person or partnership referred to in paragraph (a) or (b). (bailleur de fonds) funding arrangement means (a) the shareholder debt; and ultimate funder means a funder, if subsection (2) would apply to the shareholder debt if the creditor under the shareholder debt were the funder instead of the immediate funder. (bailleur de fonds ultime) (2.2) Subsection 15(2) does not apply to indebtedness between non-resident persons. (2.3) Subsection (2) does not apply to a debt that arose in the ordinary course of the creditor’s business or a loan made in the ordinary course of the lender’s ordinary business of lending money (other than a business of lending money if, at any time during which the loan is outstanding, less than 90% of the aggregate outstanding amount of the loans of the business is owing by borrowers that deal at arm’s length with the lender) where, at the time the indebtedness arose or the loan was made, bona fide arrangements were made for repayment of the debt or loan within a reasonable time. (2.31) For the purposes of this subsection and subsection (2.3): SUBDIVISION B Income or Loss from a Business or Property (a) a person or partnership that is a member of a particular partnership that is a member of another partnership is deemed to be a member of the other partnership; and (b) a borrower shall be considered to deal at arm’s length with a lender only if (i) for greater certainty, the borrower and the lender deal with each other at arm’s length, (ii) where either the borrower or the lender is a partnership and the other party is not, each member of the partnership deals at arm’s length with the other party, and (iii) where both the borrower and the lender are partnerships, the borrower and each member of the borrower deal at arm’s length with the lender and each member of the lender. (2.4) Subsection 15(2) does not apply to a loan made or a debt that arose (a) in respect of an individual who is an employee of the lender or creditor but not a specified employee of the lender or creditor, (b) in respect of an individual who is an employee of the lender or creditor or who is the spouse or common-law partner of an employee of the lender or creditor to enable or assist the individual to acquire a dwelling or a share of the capital stock of a cooperative housing corporation acquired for the sole purpose of acquiring the right to inhabit a dwelling owned by the corporation, where the dwelling is for the individual’s habitation, (c) where the lender or creditor is a particular corporation, in respect of an employee of the particular corporation or of another corporation that is related to the particular corporation, to enable or assist the employee to acquire from the particular corporation, or from another corporation related to the particular corporation, previously unissued fully paid shares of the capital stock of the particular corporation or the related corporation, as the case may be, to be held by the employee for the employee’s own benefit, or (e) it is reasonable to conclude that the employee or the employee’s spouse or common-law partner received the loan, or became indebted, because of the employee’s employment and not because of any person’s share-holdings, and (f) at the time the loan was made or the debt was incurred, bona fide arrangements were made for repayment of the loan or debt within a reasonable time. (2.5) Subsection 15(2) does not apply to a loan made or a debt that arose in respect of a trust where (a) the lender or creditor is a private corporation; (b) the corporation is the settlor and sole beneficiary of the trust; (c) the sole purpose of the trust is to facilitate the purchase and sale of the shares of the corporation, or of another corporation related to the corporation, for an amount equal to their fair market value at the time of the purchase or sale, as the case may be, from or to the employees of the corporation or of the related corporation (other than employees who are specified employees of the corporation or of another corporation related to the corporation), as the case may be; and (d) at the time the loan was made or the debt incurred, bona fide arrangements were made for repayment of the loan or debt within a reasonable time. (2.51) Subsection (2) does not apply to a loan made or a debt that arose in respect of a qualifying business transfer if (a) immediately following the qualifying business transfer, (i) the lender or creditor is a qualifying business, and (ii) the borrower is the employee ownership trust that controls the qualifying business described in subparagraph (i); (b) the sole purpose of the loan or the debt is to facilitate the qualifying business transfer; and (c) at the time the loan was made or the debt incurred, bona fide arrangements were made for repayment of the loan or debt within 15 years of the qualifying business transfer. (2.6) Subsection 15(2) does not apply to a loan or an indebtedness repaid within one year after the end of the taxation year of the lender or creditor in which the loan was made or the indebtedness arose, where it is established, by subsequent events or otherwise, that the repayment was not part of a series of loans or other transactions and repayments. Employee of partnership (2.7) For the purpose of this section, an individual who is an employee of a partnership is deemed to be a specified employee of the partnership where the individual is a specified shareholder of one or more corporations that, in total, are entitled, directly or indirectly, to a share of any income or loss of the partnership, which share is not less than 10% of the income or loss.
La somme dépensée par un cadre ou un employé pour un repas n’est pas incluse dans le calcul du montant d’une déduction en vertu de l’alinéa (1)f) ou h) si le repas a été pris au cours d’une période où les fonctions de ce cadre ou de cet employé l’obligeaient à être absent, durant une période d’au moins douze heures, de la municipalité dans laquelle était situé l’établissement de l’employeur où il se présentait habituellement pour son travail et à être absent, le cas échéant, de la région métropolitaine où cet établissement était situé. Cotisations non déductibles
An amount paid as interest or a dividend by a corporation resident in Canada to a taxpayer in respect of an income bond or income debenture shall be deemed to have been paid by the corporation and received by the taxpayer as a dividend on a share of the capital stock of the corporation, unless the corporation is entitled to deduct the amount so paid in computing its income. Idem, where corporation not resident
Malgré les sous-alinéas (1)i)(i), (iv), (vi) et (vii), les cotisations ne sont pas déductibles dans le calcul du revenu d’un contribuable tiré d’une charge ou d’un emploi, dans la mesure où elles sont effectivement prélevées, selon le cas : a) dans le cadre d’une caisse ou d’un régime de retraite; b) dans le cadre d’une caisse ou d’un régime de rentes, d’assurance — sauf s’il s’agit de l’assurance-responsabilité professionnelle obligatoire pour la conservation d’un statut professionnel reconnu par la loi — ou de prestations similaires; c) à toute autre fin qui n’est pas directement liée aux frais ordinaires de fonctionnement du comité ou groupement semblable, de l’association, de l’office ou du syndicat, selon le cas. Apprentice mechanics
An amount paid as interest or a dividend by a corporation not resident in Canada to a taxpayer in respect of an income bond or income debenture shall be deemed to have been received by the taxpayer as a dividend on a share of the capital stock of the corporation unless the amount so paid was, under the laws of the country in which the corporation was resident, deductible in computing the amount for the year on which the corporation was liable to pay income or profits tax imposed by the government of that country.
For the purpose of paragraph (1)(r), Eligible tool of tradesperson Apprentis mécaniciens
For the purposes of subsection (1), the value of the benefit to be included in computing a shareholder’s income for a taxation year with respect to an automobile made available to the shareholder, or a person related to the shareholder, by a corporation shall (except where an amount is determined under subparagraph 6(1)(e)(i) in respect of the automobile in computing the shareholder’s income for the year) be computed on the assumption that subsections 6(1), (1.1), (2) and (7) apply, with such modifications as the circumstances require, and as though references therein to “the employer” were read as “the corporation”.
Les règles suivantes s’appliquent dans le cadre de l’alinéa (1)r) : a) est un apprenti mécanicien admissible au cours d’une année d’imposition le contribuable qui, au cours de l’année : (i) d’une part, est inscrit à un programme établi conformément aux lois du Canada ou d’une province et menant à l’obtention d’une attestation de mécanicien qualifié dans la réparation de véhicules automobiles, (ii) d’autre part, occupe un emploi d’apprenti mécanicien; b) est un outil admissible l’outil, y compris le matériel accessoire, qui, à la fois : (i) est acquis par un contribuable en vue de l’utiliser dans le cadre de son emploi à titre d’apprenti mécanicien admissible, (ii) n’a jamais été utilisé à une fin autre, (iii) selon l’attestation de l’employeur du contribuable, effectuée sur la formule prescrit, doit obligatoirement être fourni par le contribuable dans le cadre de son emploi à titre d’apprenti mécanicien admissible et être utilisé au cours de celui-ci, (iv) n’est pas un dispositif électronique de communication ni un appareil électronique de traitement de données, sauf dans la mesure où il ne peut servir qu’à mesurer, localiser ou calculer; c) le contribuable qui n’est pas un apprenti mécanicien admissible pour une année d’imposition et relativement auquel il existe pour l’année un excédent déterminé selon l’élément C de la formule figurant au sous-alinéa (1)r)(ii) peut déduire, pour cette année, un montant en vertu de l’alinéa (1)r) comme si l’excédent se rapportait entièrement à un emploi du contribuable. Outils admissibles des gens de métier (6.1) Pour l’application de l’alinéa (1)s), est un outil admissible d’un contribuable l’outil, y compris le matériel accessoire, qui, à la fois : a) est acquis par le contribuable après le 1er mai 2006 en vue d’être utilisé dans le cadre de son emploi à titre de personne de métier; Income Tax PART I Income Tax DIVISION B Computation of Income
For greater certainty, subsections 15(1), (2) and (5) are applicable in computing, for the purposes of this Part, the income of a shareholder of a person or partnership whether or not the corporation, or the lender or creditor, as the case may be, was resident or carried on business in Canada. Deemed benefit to shareholder by corporation
Cost of tool K - (K × L/M) where L is Impôt sur le revenu
Where an amount in respect of a loan or debt is deemed by section 80.4 to be a benefit received by a person or partnership in a taxation year, the amount deemed for the purposes of subsection 15(1) to be a benefit conferred in the year on a shareholder, unless subsection 6(9) or paragraph 12(1)(w) includes the amount. Income and capital combined
(a) the part of the amount that can reasonably be regarded as interest shall, irrespective of when the contract or arrangement was made or the form or legal effect thereof, be deemed to be interest on a debt obligation held by the person to whom the amount is paid or payable; and (b) the part of the amount that can reasonably be regarded as an amount of an income nature, other than interest, shall, irrespective of when the contract or arrangement was made or the form or legal effect thereof, be included in the income of the taxpayer to whom the amount is paid or payable for the taxation year in which the amount was received or became due to the SUBDIVISION B Income or Loss from a Business or Property Obligation issued at discount
Where, in the case of a bond, debenture, bill, note, mortgage or similar obligation issued after December 20, 1960 and before June 19, 1971 by a person exempt from tax under section 149, a non-resident person not carrying on business in Canada, or a government, municipality or municipal or other public body performing a function of government, (a) the obligation was issued for an amount that is less than the principal amount of the obligation, (b) the interest stipulated to be payable on the obligation, expressed in terms of an annual rate on (i) the principal amount thereof, if no amount is payable on account of the principal amount before the maturity of the obligation, or (ii) the amount outstanding from time to time as or on account of the principal amount thereof, in any other case, is less than 5%, and (c) the yield from the obligation, expressed in terms of an annual rate on the amount for which the obligation was issued (which annual rate shall, if the terms of the obligation or any agreement relating thereto conferred on the holder thereof a right to demand payment of the principal amount of the obligation or the amount outstanding as or on account of the principal amount, as the case may be, before the maturity of the obligation, be calculated on the basis of the yield that produces the highest annual rate obtainable either on the maturity of the obligation or conditional on the exercise of any such right) exceeds the annual rate determined under paragraph 16(2)(b) by more than 1/3 thereof, the amount by which the principal amount of the obligation exceeds the amount for which the obligation was issued shall be included in computing the income of the first owner of the obligation who is a resident of Canada and is not a person exempt from tax under section 149 or a government, for the taxation year of that owner of the obligation in which he, she or it became the owner thereof. Obligation issued at discount
Where, in the case of a bond, debenture, bill, note, mortgage, hypothecary claim or similar obligation (other than an obligation that is a prescribed debt obligation for the purpose of subsection 12(9)) issued after June 18, 1971 by a person exempt, because of section 149, from Part I tax on part or on all of the person’s income, a non-resident person not carrying on business in Canada or a government, municipality or municipal or other public body performing a function of government, (a) the obligation was issued for an amount that is less than the principal amount of the obligation, and (b) the yield from the obligation, expressed in terms of an annual rate on the amount for which the obligation was issued (which annual rate shall, if the terms of the obligation or any agreement relating thereto conferred on the holder a right to demand payment of the principal amount of the obligation or the amount outstanding as or on account of the principal amount, as the case may be, before the maturity of the obligation, be calculated on the basis of the yield that would result if the highest annual rate obtainable on or before the maturity of the obligation or conditional on the exercise of any such right were stipulated to be payable on the obligation, expressed in terms of an annual rate on (i) the principal amount of the obligation, if no amount is payable on account of the principal amount before the maturity of the obligation, or (ii) the amount outstanding from time to time as or on account of the principal amount thereof, in any other case, the amount by which the principal amount of the obligation exceeds the amount for which the obligation was issued shall be included in computing the income of the first owner of the obligation (c) who is resident in Canada, (d) who is not a government nor a person exempt, because of section 149, from tax under this Part on all or part of the person’s taxable income, and (e) of whom the obligation is a capital property, for the taxation year in which the owner acquired the obligation.
b) n’a jamais été utilisé à quelque fin que ce soit avant d’être acquis par le contribuable; c) selon l’attestation de l’employeur du contribuable, effectuée sur le formulaire prescrit, doit obligatoirement être fourni par le contribuable dans le cadre de son emploi à titre de personne de métier et être utilisé au cours de celui-ci; d) n’est pas un dispositif électronique de communication ni un appareil électronique de traitement de données, sauf dans la mesure où il ne peut servir qu’à mesurer, localiser ou calculer. Coût des outils
Subsection 16(1) does not apply to any amount received by a taxpayer in a taxation year (a) as an annuity payment; or (b) in satisfaction of the taxpayer’s rights under an annuity contract.
Sauf pour l’application de l’élément A de chacune des formules figurant au sous-alinéa (1)r)(ii) et à l’alinéa (1)s), le coût pour un contribuable d’un outil admissible, dont le coût a été inclus dans le calcul de la valeur de l’un de ces éléments, ou des deux, relativement au contribuable pour une année d’imposition, correspond à la somme obtenue par la formule suivante : K - (K × L/M) où : K représente le coût de l’outil pour le contribuable, déterminé compte non tenu du présent paragraphe; L : a) s’il s’agit d’un outil auquel seul l’alinéa (1)r) s’applique au cours de l’année, la somme qui serait déterminée selon le sous-alinéa (1)r)(ii) relativement au contribuable pour l’année si la valeur de l’élément C de la formule figurant à ce sous-alinéa était nulle, b) s’il s’agit d’un outil auquel seul l’alinéa (1)s) s’applique au cours de l’année, la somme qui est déductible par le contribuable pour l’année en application de cet alinéa, c) s’il s’agit d’un outil auquel les alinéas (1)r) et s) s’appliquent au cours de l’année, le total des sommes suivantes : (i) la somme qui serait déterminée selon le sous-alinéa (1)r)(ii) relativement au contribuable pour l’année si la valeur de l’élément C de la formule figurant à ce sous-alinéa était nulle, (ii) la somme qui est déductible par le contribuable pour l’année en application de l’alinéa (1)s); M : Presumption a) s’il s’agit d’un outil auquel seul l’alinéa (1)(r) s’applique au cours de l’année, la valeur de l’élément A de la formule figurant au sous-alinéa (1)(r)(ii) relativement au contribuable pour l’année, b) s’il s’agit d’un outil auquel seul l’alinéa (1)(s) s’applique au cours de l’année, la somme déterminée selon le sous-alinéa (i) de l’élément A de la formule figurant à cet alinéa relativement au contribuable pour l’année, c) s’il s’agit d’un outil auquel les alinéas (1)(r) et (1)(s) s’appliquent au cours de l’année, la valeur de l’élément A de la formule figurant au sous-alinéa (1)(r)(ii) relativement au contribuable pour l’année ou, si elle est plus élevée, la somme déterminée selon le sous-alinéa (i) de l’élément A de la formule figurant à l’alinéa (1)(s) relativement au contribuable pour l’année. Présomption
Subsection 16(1) does not apply in any case where subsection 16(2) or 16(3) applies.
Malgré les autres dispositions de la présente loi, le total des sommes déductibles par ailleurs par un contribuable en vertu de l’alinéa (1)(f), h) ou j) et à titre de frais engagés lors de déplacements dans le cadre de son emploi à bord d’un aéronef qui lui appartient ou qu’il loue ne peut pas dépasser une somme qui soit raisonnable dans les circonstances eu égard au coût relatif et à la disponibilité d’autres moyens de transport. Attestation de l’employeur
Subject to subsection 16(7) and for the purposes of this Act, where at any time in a taxpayer’s taxation year (a) an interest in an indexed debt obligation is held by the taxpayer, (i) an amount determined in prescribed manner shall be deemed to be received and receivable by the taxpayer in the year as interest in respect of the obligation, and (ii) an amount determined in prescribed manner shall be deemed to be paid and payable in respect of the year by the taxpayer as interest under a legal obligation of the taxpayer to pay interest on borrowed money used for the purpose of earning income from a business or property; (b) an indexed debt obligation is an obligation of the taxpayer, (i) an amount determined in prescribed manner shall be deemed to be payable in respect of the year by the taxpayer as interest in respect of the obligation, and (ii) an amount determined in prescribed manner shall be deemed to be received and receivable by the taxpayer in the year as interest in respect of the obligation; and (c) the taxpayer pays or credits an amount in respect of an amount determined under subparagraph 16(6)(b)(ii) in respect of an indexed debt obligation, the payment or crediting shall be deemed to be a payment or crediting of interest on the obligation.
Un contribuable ne peut déduire un montant pour une année d’imposition en application des alinéas (1)(c), f), h) ou h.1) ou des sous-alinéas (1)(i)(ii) ou (iii) que si son employeur atteste dans un formulaire prescrit et joint à sa déclaration de revenu pour l’année en formulaire prescrit sur lequel son employeur confirme que les conditions énoncées à la disposition applicable ont été remplies quant au contribuable au cours de l’année. Taxe sur les produits et services
Paragraph 16(6)(a) does not apply to a taxpayer in respect of an indexed debt obligation for the part of a taxation year throughout which the obligation is impaired where an amount in respect of the obligation is deductible because of subparagraph 20(1)(ii) in computing the taxpayer’s income for the year.
Pour l’application du présent article et de l’article 6, le remboursement versé ou à verser à un contribuable aux termes de la Loi sur la taxe d’accise relativement à la taxe sur les produits et services ne peut pas être réputé un montant qui lui est remboursé ou auquel il a droit. Perte de titres par l’employé
(a) in respect of amounts paid or payable for the use of, or for the right to use, the property, the lease shall be deemed not to be a lease; (b) the lessee shall be deemed to have acquired the property from the lessor at the particular time at a cost equal to its fair market value at that time; (c) the lessee shall be deemed to have borrowed money from the lessor at the particular time, for the purpose of acquiring the property, in a principal amount equal to the fair market value of the property at that time; (d) interest shall be deemed to accrue on the principal amount of the borrowed money outstanding from time to time, compounded semi-annually, not in advance, at the prescribed rate in effect (i) at the earlier of (A) the time, if any, before the particular time, at which the lessee last entered into an agreement to lease the property, and (ii) where the lease provides that the amount payable by the lessee for the use of, or the right to use, the property varies according to prevailing interest rates in effect from time to time, and the lessee so elects, in respect of all of the property that is subject to the lease, in the lessee’s return of income under this Part for the taxation year of the lessee in which the lease began, at the beginning of the period for which the interest is being calculated; (e) all amounts paid or payable by or on behalf of the lessee for the use of, or the right to use, the property in the year shall be deemed to be blended payments, paid or payable by the lessee, of principal and interest on the borrowed money outstanding from time to time, calculated in accordance with paragraph 16.1(1)(d), applied firstly on account of interest on principal, secondly on account of interest on unpaid interest and thirdly on account of unpaid principal, if any, and the total of those amounts shall be deemed to be paid or payable on account of interest, and any amount deemed by reason of this paragraph to be a payment of interest shall be deemed to have been an amount paid or payable, as the case may be, pursuant to a legal obligation to pay interest in respect of the year on the borrowed money; (f) at the time of the expiration or cancellation of the lease, the assignment of the lease or the sublease of the property by the lessee, the lessee shall (except where subsection 16.1(4) applies) be deemed to have disposed of the property at that time for proceeds of disposition equal to the amount, if any, by which (A) the amount referred to in paragraph 16.1(1)(c), and (B) all amounts received or receivable by the lessee in respect of the cancellation or assignment of the lease or the sublease of the property (A) all amounts deemed under paragraph 16.1(1)(e) to have been paid or payable, as the case may be, by the lessee on account of the principal amount of the borrowed money, and (B) all amounts paid or payable by or on behalf of the lessee in respect of the cancellation or assignment of the lease or the sublease of the property; (g) for the purposes of subsections 13(5.2) and 13(5.3), each amount paid or payable by or on behalf of the lessee that would, but for this subsection, have been an amount paid or payable for the use of, or the right to use, the property shall be deemed to have been deducted in computing the lessee’s income as an amount paid or payable by the lessee for the use of, or the right to use, the property after the particular time; (h) any amount paid or payable by or on behalf of the lessee in respect of the granting or assignment of the lease or the sublease of the property that would, but for this paragraph, be the capital cost to the lessee of a leasehold interest in the property shall be deemed to be an amount paid or payable, as the case may be, by the lessee for the use of, or the right to use, the property for the remaining term of the lease; and (i) where the lessee elects under this subsection in respect of a property and, at any time after the lease was entered into, the owner of the property is a non-resident person who does not hold the lease in the course of carrying on a business through a permanent establishment in Canada, as defined by regulation, any income from which is subject to tax under this Part, for the purposes of this subsection the lease shall be deemed to have been cancelled at that time. Assignments and subleases
Lorsque, au cours d’une année d’imposition, un employé est réputé par le paragraphe 7(2) avoir disposé d’un titre, au sens du paragraphe 7(7), détenu par une fiducie, et que la fiducie dispose du titre en faveur de l’émetteur Income Tax PART I Income Tax DIVISION B Computation of Income
Subject to subsections 16.1(3) and 16.1(4), where at any particular time a lessee who has made an election under subsection 16.1(1) in respect of a leased property assigns the lease or subleases the property to another person (in this section referred to as the “assignee”), (a) subsection 16.1(1) shall not apply in computing the income of the lessee in respect of the lease for any period after the particular time; and (b) if the lessee and the assignee jointly elect in prescribed form filed with their returns of income under this Part for their respective taxation years that include the particular time, subsection 16.1(1) shall apply to the assignee as if (i) the assignee leased the property at the particular time from the owner of the property for a term of more than one year, and (ii) the assignee and the owner of the property jointly elected under subsection 16.1(1) in respect of the property with their returns of income under this Part for their respective taxation years that include the particular time.
exceeds
Subject to subsection 16.1(4), where at any particular time a lessee who has made an election under subsection 16.1(1) in respect of a leased property assigns the lease or subleases the property to another person with whom the lessee is not dealing at arm’s length, the other person shall, for the purposes of subsection 16.1(1) and for the purposes of computing that person’s income in respect of the lease for any period after the particular time, be deemed to be the same person as, and a continuation of, the lessee, except that, notwithstanding paragraph 16.1(1)(b), that other person shall be deemed to have acquired the property from the lessee at the time that it was acquired by the lessee at a cost equal to the amount that would be determined under paragraph 16.1(1)(f) if that amount were determined without reference to clauses 16.1(1)(f)(i)(B) and 16.1(1)(f)(ii)(B). Amalgamations and windings-up
Notwithstanding paragraphs 8(1)(f) and 8(1)(i), Impôt sur le revenu
Notwithstanding subsection 16.1(2), where at any time a particular corporation that has made an election under subsection 16.1(1) in respect of a lease assigns the lease (a) by reason of an amalgamation (within the meaning assigned by subsection 87(1)), or (b) in the course of the winding-up of a Canadian corporation in respect of which subsection 88(1) applies, to another corporation with which it does not deal at arm’s length, the other corporation shall, for the purposes of subsection 16.1(1) and for the purposes of computing its income in respect of the lease after that time, be deemed to be the same person as, and a continuation of, the particular corporation.
For the purposes of subsection 16.1(1), where at any time a property (in this subsection referred to as a “replacement property”) is provided by a lessor to a lessee as a replacement for a similar property of the lessor (in this subsection referred to as the “original property”) that was leased by the lessor to the lessee, and the amount payable SUBDIVISION B Income or Loss from a Business or Property by the lessee for the use of, or the right to use, the replacement property is the same as the amount that was so payable in respect of the original property, the replacement property shall be deemed to be the same property as the original property. Additional property
For the purposes of subsection 16.1(1), where at any particular time (a) an addition or alteration (in this subsection referred to as “additional property”) is made by a lessor to a property (in this subsection referred to as the “original property”) of the lessor that is the subject of a lease, (b) the lessor and the lessee of the original property have jointly elected under subsection 16.1(1) in respect of the original property, and (c) as a consequence of the addition or alteration, the total amount payable by the lessee for the use of, or the right to use, the original property and the additional property exceeds the amount so payable in respect of the original property, the following rules apply: (d) the lessee shall be deemed to have leased the additional property from the lessor at the particular time, (e) the term of the lease of the additional property shall be deemed to be greater than one year, (f) the lessor and the lessee shall be deemed to have jointly elected under subsection 16.1(1) in respect of the additional property, (g) the prescribed rate in effect at the particular time in respect of the additional property shall be deemed to be equal to the prescribed rate in effect in respect of the original property at the particular time, (h) the additional property shall be deemed not to be prescribed property, and (i) the excess referred to in paragraph 16.1(6)(c) shall be deemed to be an amount payable by the lessee for the use of, or the right to use, the additional property. Renegotiation of lease
For the purposes of subsection 16.1(1), where at any time (a) a lease (in this subsection referred to as the “original lease”) of property is renegotiated in the course of a bona fide renegotiation, and (b) as a result of the renegotiation, the amount payable by the lessee of the property for the use of, or the right to use, the property is altered in respect of a period after that time (otherwise than because of an addition or alteration to which subsection 16.(16) applies), the original lease shall be deemed to have expired and the renegotiated lease shall be deemed to be a new lease of the property entered into at that time. Amount owing by non-resident
— par acquisition, rachat ou annulation par ce dernier du titre — pour une somme qui ne dépasse pas celle qui a été versée à l’émetteur pour le titre, les règles suivantes s’appliquent si la fiducie a disposé du titre parce que l’employé ne remplissait pas les conditions nécessaires pour que la propriété du titre lui soit dévolue : a) l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) est déduit dans le calcul du revenu que l’employé tire de son emploi pour l’année : (i) le montant de l’avantage réputé par le paragraphe 7(1) avoir été reçu par l’employé au cours de l’année ou d’une année d’imposition antérieure relativement au titre, (ii) un montant déduit en application des alinéas 110(1)d) ou d.1) dans le calcul du revenu imposable de l’employé pour l’année ou pour une année d’imposition antérieure relativement à cet avantage; b) malgré les autres dispositions de la présente loi, les gains ou les pertes de l’employé résultant de la disposition du titre sont réputés nuls, et aucun dividende n’est réputé, au titre de l’article 84, avoir été reçu relativement à la disposition. Travail à domicile
A is the amount of interest that would be included in computing the corporation’s income for the year in respect of the debt if interest on the debt were computed at the prescribed rate for the period in the year during which the debt was outstanding; and B is the total of all amounts each of which is (a) an amount included in computing the corporation’s income for the year as, on account of, in lieu of or in satisfaction of, interest in respect of the debt, (b) an amount received or receivable by the corporation from a trust that is included in computing the corporation’s income for the year or a subsequent taxation year and that can reasonably be attributed to interest on the debt for the period in the year during which the debt was outstanding, or (c) an amount included in computing the corporation’s income for the year or a subsequent taxation year under subsection 91(1) that can reasonably be attributed to interest on an amount owing (in this paragraph referred to as the “original debt”) — or if the amount of the original debt exceeds the amount of the debt, a portion of the original debt that is equal to the amount of the debt — for the period in the year during which the debt was outstanding if (i) without the existence of the original debt, subsection (2) would not have deemed the debt to be owed by the non-resident person referred to in paragraph (1.1)(a), (ii) the original debt was owed by a non-resident person or a partnership each member of which is a non-resident person, and (A) an amount determined under paragraph (11.2)(a) or (b) in respect of the original debt is an amount referred to in paragraph (2)(a), and because of the amount referred to in paragraph (2)(a), the debt is deemed to be owed by the non-resident person referred to in paragraph (1.1)(a), and (B) the original debt was owing by an intermediate lender to an initial lender or by an intended borrower to an intermediate lender (within the meanings of those terms assigned by subsection (11.2)). Amount owing by non-resident (1.1) Subsection (1) applies to a corporation resident in Canada in respect of an amount owing to the corporation if, at any time in a taxation year of the corporation, (a) a non-resident person owes the amount to the corporation; (b) the amount has been or remains outstanding for more than a year; and (c) the amount that would be determined for B in subsection (1), if that subsection applied, for the year in respect of the amount owing is less than the amount of interest that would be included in computing the corporation’s income for the year in respect of the amount owing if that interest were computed at a reasonable rate for the period in the year during which the amount was outstanding. Anti-avoidance rule — indirect loan
Malgré les alinéas (1)f) et i): a) un montant n’est déductible dans le calcul du revenu d’un particulier pour une année d’imposition tiré d’une charge ou d’un emploi pour la partie d’un établissement domestique autonome où le particulier réside que si cette partie, selon le cas : (i) est le lieu où le particulier accomplit principalement les fonctions de la charge ou de l’emploi, (ii) est utilisée exclusivement, au cours de la période à laquelle le montant se rapporte, aux fins de tirer un revenu de la charge ou de l’emploi et est utilisée pour rencontrer des clients ou d’autres personnes de façon régulière et continue dans le cours normal de l’exécution des fonctions de la charge ou de l’emploi; Labour mobility deduction — interpretation b) si une partie de l’établissement domestique autonome du particulier répond à une des conditions énoncées aux sous-alinéas a)(i) ou (ii), le montant déductible pour cette partie d’établissement dans le calcul du revenu du particulier pour l’année tiré de la charge ou de l’emploi ne peut dépasser son revenu ainsi tiré pour l’année, calculé compte non tenu de déduction pour cette partie d’établissement; c) tout montant qui, par le seul effet de l’alinéa b), n’est pas déductible pour une partie d’établissement domestique autonome dans le calcul du revenu du particulier pour l’année d’imposition précédente tiré de la charge ou de l’emploi est réputé être un montant qui est par ailleurs déductible pour la partie de l’établissement dans le calcul du revenu du particulier pour l’année tiré de la charge ou de l’emploi et qui, sous réserve de l’alinéa b), déduis dans le calcul de ce revenu. Déduction pour mobilité de la main-d’œuvre
For the purpose of this section and subject to subsection (3), where (a) a non-resident person owes an amount at any time to a particular person or partnership (other than a corporation resident in Canada), and (b) it is reasonable to conclude that the amount or a portion of the amount became owing, or was permitted to remain owing, to the particular person or partnership because SUBDIVISION B Income or Loss from a Business or Property (i) a corporation resident in Canada made a loan or transfer of property, or (ii) the particular person or partnership anticipated that a corporation resident in Canada would make a loan or transfer of property, either directly or indirectly, in any manner whatever, to or for the benefit of any person or partnership (other than an exempt loan or transfer), the non-resident person is deemed at that time to owe to the corporation an amount equal to the amount, or the portion of the amount, as the case may be, owing to the particular person or partnership. Exception to anti-avoidance rule — indirect loan
Les règles ci-après s’appliquent dans le cadre du présent paragraphe et de l’alinéa (1)t : a) un contribuable est une personne de métier admissible pour une année d’imposition si, au cours de l’année, le contribuable gagne un revenu tiré d’un emploi en tant que personne de métier ou apprenti pour l’accomplissement des fonctions dans les activités de construction visées au paragraphe 238(1) du Règlement de l’impôt sur le revenu; b) un lieu de travail temporaire d’un contribuable s’entend d’un endroit au Canada : (i) où le contribuable accomplit les fonctions de son emploi en vertu d’un contrat de travail temporaire, (ii) qui n’est pas situé dans la localité où le contribuable est habituellement employé ou exploite une entreprise; c) une réinstallation temporaire admissible d’un contribuable est une réinstallation temporaire qui remplit les conditions suivantes : (i) la réinstallation à un ou plusieurs lieux de travail temporaires du contribuable dans la même localité est entreprise par celui-ci afin de lui permettre d’accomplir ses fonctions d’un emploi en tant que personne de métier admissible, (ii) avant la réinstallation, il habitait ordinairement dans une résidence au Canada (appelée « résidence habituelle » au présent paragraphe), Income Tax PART I Income Tax DIVISION B Computation of Income
Subsection (2) does not apply to an amount owing at any time by a non-resident person to a particular person or partnership where (a) at that time, the non-resident person and the particular person or each member of the particular partnership, as the case may be, are controlled foreign affiliates of the corporation resident in Canada; or (b) at that time, (i) the non-resident person and the particular person are not related or the non-resident person and each member of the particular partnership are not related, as the case may be, (ii) the terms or conditions made or imposed in respect of the amount owing, determined without reference to any loan or transfer of property by a corporation resident in Canada described in paragraph (2)(b) in respect of the amount owing, are such that persons dealing at arm’s length would have been willing to enter into them at the time that they were entered into, and (iii) if there were an amount of interest payable on the amount owing at that time that would be required to be included in computing the income of a foreign affiliate of the corporation resident in Canada for a taxation year, that amount of interest would not be required to be included in computing the foreign accrual property income of the affiliate for that year. Anti-avoidance rule — loan through partnership
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 8; 1994, c. 7, Sch. II, s. 5; Sch. VIII, s. 2; c. 41, s. 10; 1998, c. 19, s. 5; 1999, c. 22, s. 15; 2000, c. 12, s. 15; 2002, c. 9, s. 27; 2007, c. 2, s. 21; 2012, c. 31, s. 27; 2013, c. 34, s. 41; 2022, c. 10, s. 2; 2023, c. 26, s. 3; 2024, c. 17, s. 4(F). Impôt sur le revenu
For the purpose of this section, where a non-resident person owes an amount at any time to a partnership and subsection (2) does not deem the non-resident person to owe an amount equal to that amount to a corporation resident in Canada, the non-resident person is deemed at that time to owe to each member of the partnership, on the same terms as those that apply in respect of the amount owing to the partnership, that proportion of the amount owing to the partnership at that time that (a) the fair market value of the member’s interest in the partnership at that time is of (b) the fair market value of all interests in the partnership at that time. Anti-avoidance rule — loan through trust
For the purpose of this section, where a non-resident person owes an amount at any time to a trust and subsection (2) does not deem the non-resident person to owe an amount equal to that amount to a corporation resident in Canada, (a) where the trust is a non-discretionary trust at that time, the non-resident person is deemed at that time to owe to each beneficiary of the trust, on the same terms as those that apply in respect of the amount owing to the trust, that proportion of the amount owing to the trust that (i) the fair market value of the beneficiary’s interest in the trust at that time is of (ii) the fair market value of all the beneficial interests in the trust at that time; and (b) in any other case, the non-resident person is deemed at that time to owe to each settlor in respect of the trust, on the same terms as those that apply in respect of the amount owing to the trust, an amount equal to the amount owing to the trust. Anti-avoidance rule — loan to partnership
For the purpose of this section, where a particular partnership owes an amount at any time to any person or any other partnership (in this subsection referred to as the “lender”), each member of the particular partnership is deemed to owe at that time to the lender, on the same terms as those that apply in respect of the amount owing SUBDIVISION B Income or Loss from a Business or Property by the particular partnership to the lender, that proportion of the amount owing to the lender that (a) the fair market value of the member’s interest in the particular partnership at that time is of (b) the fair market value of all interests in the particular partnership at that time.
Subsection (1) does not apply in respect of an amount owing to a corporation resident in Canada by a non-resident person if a tax has been paid under Part XIII on the amount owing, except that, for the purpose of this subsection, tax under Part XIII is deemed not to have been paid on that portion of the amount owing in respect of which an amount was repaid or applied under subsection 227(6.1).
(iii) le contribuable a le droit de recevoir un remboursement, une allocation ou toute autre forme d’aide (sauf une somme qui est incluse dans le calcul de son revenu pour une année d’imposition et qui n’est pas déductible dans le calcul de son revenu) au titre des frais; f) la déduction pour réinstallation temporaire d’un contribuable pour une année d’imposition relative à une réinstallation temporaire admissible du contribuable est la moins élevée des sommes suivantes : (i) le total des frais de réinstallation temporaire admissibles du contribuable pour l’année d’imposition engagés relativement à la réinstallation temporaire admissible, (ii) la moitié du revenu total du contribuable pour l’année provenant de son emploi à titre de personne de métier admissible à tous les lieux de travail temporaires visés au sous-alinéa c)(ii) relativement à la réinstallation temporaire admissible (calculé sans tenir compte du présent article). [NOTE : Les dispositions d’application ne figurent pas dans le texte consolidé; voir les lois modificatives et les règlements pertinents.] L.R. (1985), ch. 1 (5e suppl.), art. 8; 1994, ch. 7, ann. II, art. 5; ann. VIII, art. 2; 1998, ch. 19, art. 5; 1999, ch. 22, art. 15; 2000, ch. 12, art. 15; 2002, ch. 9, art. 27; 2007, ch. 2, art. 21; 2012, ch. 31, art. 27; 2013, ch. 34, art. 41; 2022, ch. 10, art. 2; 2023, ch. 26, art. 3; 2024, ch. 17, art. 4(F). SUBDIVISION B Basic Rules Income Loss
Subsection (1) does not apply to a corporation resident in Canada for a taxation year or to the corporation in respect of an amount owing to the corporation by a non-resident person if the non-resident person is a controlled foreign affiliate of the corporation throughout the period in the year during which the amount is owing to the extent that it is established that the amount owing (a) arose as a loan or advance of money to the affiliate that the affiliate has used, throughout the period that began when the loan or advance was made and that ended at the earlier of the end of the year and the time at which the amount was repaid, (i) for the purpose of earning (A) income from an active business, as defined in subsection 95(1), of the affiliate, or (B) income that was included in computing the income from an active business of the affiliate under subsection 95(2), or (ii) for the purpose of making a loan or advance to another controlled foreign affiliate of the corporation where, if interest became payable on the loan or advance at any time in the period and the affiliate was required to include the interest in computing its income for a taxation year, that interest would not be required to be included in computing the affiliate’s foreign accrual property income for that year; or SUBDIVISION B Income or Loss from a Business or Property (b) arose in the course of an active business, as defined in subsection 95(1), carried on by the affiliate throughout the period that began when the amount owing arose and that ended at the earlier of the end of the year and the time at which the amount was repaid. (8.1) Subsection (8.2) applies in respect of money (referred to in this subsection and in subsection (8.2) as “new borrowings”) that a controlled foreign affiliate of a particular corporation resident in Canada has borrowed from the particular corporation to the extent that the affiliate has used the new borrowings (a) to repay money (referred to in this subsection and in subsection (8.2) as “previous borrowings”) previously borrowed from any person or partnership, if (i) the previous borrowings became owing after the last time at which the affiliate became a controlled foreign affiliate of the particular corporation, and (ii) the previous borrowings were, at all times after they became owing, used for a purpose described in subparagraph (8)(a)(i) or (ii); or (b) to pay an amount owing (referred to in this subsection and in subsection (8.2) as the “unpaid purchase price”) by the affiliate for property previously acquired from any person or partnership, if (i) the property was acquired, and the unpaid purchase price became owing, by the affiliate after the last time at which it became a controlled foreign affiliate of the particular corporation, (ii) the unpaid purchase price is in respect of the property, and (iii) throughout the period that began when the unpaid purchase price became owing by the affiliate and ended when the unpaid purchase price was so paid, the property had been used principally to earn income described in clause (8)(a)(i)(A) or (B). Deemed use (8.2) To the extent that this subsection applies in respect of new borrowings, the new borrowings are, for the purpose of subsection (8), deemed to have been used for the purpose for which the proceeds from the previous borrowings were used or were deemed by this subsection to have been used, or to acquire the property in respect of SUBDIVISION B Income or Loss from a Business or Property which the unpaid purchase price was payable, as the case may be.
Revenu ou perte provenant d’une entreprise ou d’un bien Règles fondamentales Revenu 9 (1) Sous réserve des autres dispositions de la présente partie, le revenu qu’un contribuable tire d’une entreprise ou d’un bien pour une année d’imposition est le bénéfice qu’il en tire pour cette année. Perte
Subsection (1) does not apply to a corporation resident in Canada for a taxation year of the corporation in respect of an amount owing to the corporation by a non-resident person if (a) the corporation is not related to the non-resident person throughout the period in the year during which the amount owing is outstanding; (b) the amount owing arose in respect of goods sold or services provided to the non-resident person by the corporation in the ordinary course of the business carried on by the corporation; and (c) the terms and conditions in respect of the amount owing are such that persons dealing at arm’s length would have been willing to enter into them at the time that they were entered into. Determination of whether related and controlled foreign affiliate status
Sous réserve de l’article 31, la perte subie par un contribuable au cours d’une année d’imposition relativement à une entreprise ou à un bien est le montant de sa perte subie au cours de l’année relativement à cette entreprise ou à ce bien, calculée par l’application, avec les adaptations nécessaires, des dispositions de la présente loi afférentes au calcul du revenu tiré de cette entreprise ou de ce bien. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1970-71-72, c. 63, s. 1“9”; 1984, c. 1, s. 4; 1986, c. 6, s. 4. Valuation of inventory Exclusion des gains et pertes en capital
For the purpose of this section, in determining whether persons are related to each other and whether a non-resident corporation is a controlled foreign affiliate of a corporation resident in Canada at any time, (a) each member of a partnership is deemed to own that proportion of the number of shares of a class of the capital stock of a corporation owned by the partnership at that time that (i) the fair market value of the member’s interest in the partnership at that time is of (ii) the fair market value of all interests in the partnership at that time; and (b) each beneficiary of a non-discretionary trust is deemed to own that proportion of the number of shares of a class of the capital stock of a corporation owned by the trust at that time that (i) the fair market value of the beneficiary’s interest in the trust at that time is of (ii) the fair market value of all the beneficial interests in the trust at that time. Determination of whether related
Dans la présente loi, le revenu tiré d’un bien exclut le gain en capital réalisé à la disposition de ce bien, et la perte résultant d’un bien exclut la perte en capital résultant de la disposition de ce bien. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs applicables.] 1970-71-72, ch. 63, art. 1 « 9 »; 1984, ch. 1, art. 4; 1986, ch. 6, art. 4. Évaluation des biens figurant à l’inventaire 10 (1) Pour le calcul du revenu d’un contribuable pour une année d’imposition tiré d’une entreprise qui n’est pas un projet comportant un risque ou une affaire de caractère commercial, les biens figurant à l’inventaire sont évalués à la fin de l’année soit à leur coût d’acquisition pour le contribuable ou, si elle est inférieure, à leur juste valeur marchande à la fin de l’année, soit selon les modalités réglementaires. Projet comportant un risque (1.01) Pour le calcul du revenu d’un contribuable tiré d’une entreprise qui est un projet comportant un risque ou une affaire de caractère commercial, les biens figurant à l’inventaire sont évalués à leur coût d’acquisition pour le contribuable. Dépenses non déductibles (1.1) Pour l’application des paragraphes (1), (1.01) et (10), le coût d’acquisition, pour un contribuable, d’un fonds de terre figurant à l’inventaire de son entreprise comprend chaque montant qui, à la fois : a) est visé aux alinéas 18(2)a) ou b) relativement au fonds et au titre duquel aucun montant n’est déductible par le contribuable ou par une des personnes ou sociétés de personnes suivantes : (i) une personne ou une société de personnes avec laquelle le contribuable a un lien de dépendance, (ii) si le contribuable est une société, une personne ou une société de personnes qui en est un actionnaire déterminé, (iii) si le contribuable est une société de personnes, une personne ou une société de personnes à laquelle il revient au moins 10 % du revenu ou de la perte du contribuable; b) n’est pas inclus dans le coût d’un bien pour la personne ou la société de personnes, ni ajouté à ce coût, autrement que par l’effet de l’alinéa 53(1)d.3) ou du sous-alinéa 53(1)e)(xi). Continuation of valuation Methods of valuation to be the same Incorrect valuation Continuation de l’évaluation
For the purpose of this section, in determining whether persons are related to each other at any time, each settlor in respect of a trust, other than a non-discretionary trust, is deemed to own the shares of a class of the capital stock of a corporation owned by the trust at that time. Determination of whether persons related (11.1) For the purposes of this section, in determining whether persons are related to each other at any time, any rights referred to in subparagraph 251(5)(b)(i) that exist at that time are deemed not to exist at that time to the extent that the exercise of those rights is prohibited at that time under a law of the country under the law of which the corporation was formed or last continued and is governed, that restricts the foreign ownership or control of the corporation. Back-to-back loans (11.2) For the purposes of subsection (2) and paragraph (3)(b), where a non-resident person, or a partnership each member of which is non-resident, (in this subsection referred to as the “intermediate lender”) makes a loan to a non-resident person, or a partnership each member of which is non-resident, (in this subsection referred to as the “intended borrower”) because the intermediate lender received a loan from another non-resident person, or a partnership each member of which is non-resident, (in this subsection referred to as the “initial lender”) (a) the loan made by the intermediate lender to the intended borrower is deemed to have been made by the initial lender to the intended borrower (to the extent of the lesser of the amount of the loan made by the initial lender to the intermediate lender and the amount of the loan made by the intermediate lender to the intended borrower) under the same terms and conditions and at the same time as it was made by the intermediate lender; and (b) the loan made by the initial lender to the intermediate lender and the loan made by the intermediate lender to the intended borrower are deemed not to have been made to the extent of the amount of the loan deemed to have been made under paragraph (a). Determination of whether persons related (11.3) For the purpose of applying paragraph (3)(b) in respect of a corporation resident in Canada described in paragraph (2)(b), in determining whether persons described in subparagraph (3)(b)(ii) are related to each other at any time, any rights referred to in paragraph 251(5)(b) that otherwise exist at that time are deemed not to exist at that time where, if the rights were exercised immediately before that time, (a) all of those persons would at that time be controlled foreign affiliates of the corporation resident in Canada; and (b) because of subsection (8), subsection (1) would not apply to the corporation resident in Canada in respect of the amount that would, but for this subsection, have been deemed to have been owing at that time to the corporation resident in Canada by the non-resident person described in subparagraph (3)(b)(i). Determination of controlled foreign affiliate status
Malgré le paragraphe (1), pour le calcul du revenu tiré d’une entreprise au cours d’une année d’imposition, les biens figurant à un inventaire au début de l’année sont évalués au même montant que celui auquel ils ont été évalués à la fin de l’année d’imposition précédente pour le calcul du revenu de cette année précédente. Méthode d’évaluation (2.1) La méthode, permise par le présent article, selon laquelle les biens figurant à l’inventaire d’une entreprise d’un contribuable qui n’est pas un projet comportant un risque ou une affaire de caractère commercial sont évalués à la fin d’une année d’imposition est, sous réserve du paragraphe (6), à évaluer les biens qui figurent à un inventaire à la fin de l’année d’imposition subséquente pour le calcul du revenu que le contribuable tire de cette entreprise, sauf si celui-ci, avec l’accord du ministre et aux conditions précisées par ce dernier, adopte une autre méthode permise par le présent article. Évaluation inexacte
For the purpose of this section, in determining whether a non-resident person is a controlled foreign affiliate of a corporation resident in Canada at any time, each settlor in respect of a trust, other than a non-discretionary trust, is deemed to own that proportion of the number of shares of a class of the capital stock of a corporation owned by the trust at that time that one is of the number of settlors in respect of the trust at that time. Extended definition of controlled foreign affiliate
Le bien figurant à l’inventaire d’une entreprise au début d’une année d’imposition qui, selon la méthode adoptée par le contribuable pour calculer le revenu tiré de l’entreprise pour cette année, n’a pas été évalué conformément au paragraphe (1) est, si le ministre l’ordonne, réputé avoir été évalué conformément à ce paragraphe. Juste valeur marchande
For the purpose of this section, where, at any time, two corporations resident in Canada are related (otherwise than because of a right referred to in paragraph 251(5)(b)), any corporation that is a controlled foreign affiliate of one of the corporations at that time is deemed to be a controlled foreign affiliate of the other corporation at that time. Anti-avoidance rule — where rights or shares issued, acquired or disposed of to avoid tax
Pour l’application du paragraphe (1), la juste valeur marchande des biens (à l’exclusion de biens qui sont périmés ou qui sont détenus en vue d’être vendus ou loués ou d’être traités, fabriqués ou manufacturés pour être vendus ou loués, incorporés ou attachés à des biens destinés à être vendus ou loués ou autrement transformés en biens ainsi destinés) qui sont : a) des travaux en cours à la fin d’une année d’imposition d’une entreprise qui est une profession libérale s’entend du montant dont on peut raisonnablement s’attendre à ce qu’il devienne à recevoir par l’entreprise après la fin de l’année à l’égard des travaux; b) du matériel de publicité ou d’emballage, des pièces, des fournitures ou d’autres biens (autres que des travaux en cours d’une entreprise qui est une profession libérale) figurant à un inventaire s’entend du coût de remplacement des biens. Inventory Artistic endeavour Transition Biens à porter à l’inventaire
For the purpose of this section, (a) where any person or partnership has a right under a contract, in equity or otherwise, either immediately or in the future and either absolutely or contingently, to, or to acquire, shares of the capital stock of a corporation and it can reasonably be considered that the principal purpose for the existence of the right is to avoid or reduce the amount of income that the subsection (1) would otherwise require any corporation to include in computing its income for any taxation year, those shares are deemed to be owned by that person or partnership; and (b) where any person or partnership acquires or disposes of shares of the capital stock of a corporation, either directly or indirectly, and it can reasonably be considered that the principal purpose for the acquisition or disposition of the shares is to avoid or reduce the amount of income that subsection (1) would otherwise require any corporation to include in computing its income for any taxation year, those shares are deemed not to have been acquired or disposed of, as the case may be, and where the shares were unissued by the corporation immediately before the acquisition, those shares are deemed not to have been issued.
Sans préjudice de la portée générale du présent article : a) il demeure entendu que les biens (autres que les immobilisations) d’un contribuable qui sont des travaux en cours d’une entreprise qui est une profession libérale, du matériel de publicité ou d’emballage, des pièces ou des fournitures doivent figurer parmi les éléments portés à son inventaire; b) tout ce qui sert principalement à la publicité ou à l’emballage des biens figurant à l’inventaire d’un contribuable est réputé ne pas être des biens détenus pour être vendus ou loués ou à toute autre fin visée au paragraphe (4); c) il demeure entendu que les biens d’un contribuable dont le coût pour lui était déductible en vertu de l’alinéa 20(1)mm) doivent figurer parmi les éléments portés à son inventaire et dont le coût pour lui est, sauf pour l’application de cet alinéa, nul. Entreprise artistique
The definitions in this subsection apply in this section. controlled foreign affiliate, at any time, of a taxpayer resident in Canada, means a corporation that would, at that time, be a controlled foreign affiliate of the taxpayer within the meaning assigned by the definition controlled foreign affiliate in subsection 95(1) if the word “or” were added at the end of paragraph (a) of that definition and (a) subparagraph (b)(ii) of that definition were read as “all of the shares of the capital stock of the foreign affiliate that are owned at that time by persons resident in Canada who do not deal at arm’s length with the taxpayer;” and (b) subparagraph (b)(iv) of that definition were read as “all of the shares of the capital stock of the foreign affiliate that are owned at that time by persons resident in Canada who do not deal at arm’s length with any relevant Canadian shareholder;”. (société étrangère affiliée contrôlée) exempt loan or transfer means (a) a loan made by a corporation resident in Canada where the interest rate charged on the loan is not less than the interest rate that a lender and a borrower would have been willing to agree to if they were dealing at arm’s length with each other at the time the loan was made; (b) a transfer of property (other than a transfer of property made for the purpose of acquiring shares of the capital stock of a foreign affiliate of a corporation or a foreign affiliate of a person resident in Canada with whom the corporation was not dealing at arm’s length) or payment of an amount owing by a corporation resident in Canada pursuant to an agreement made on terms and conditions that persons who were dealing at arm’s length at the time the agreement was entered into would have been willing to agree to; (c) a dividend paid by a corporation resident in Canada on shares of a class of its capital stock; and non-discretionary trust, at any time, means a trust in which all interests were vested indefeasibly at the beginning of the trust’s taxation year that includes that time. (fiducie non discrétionnaire) settlor in respect of a trust at any time means any person or partnership that has made a loan or transfer of property, either directly or indirectly, in any manner whatever, to or for the benefit of the trust at or before that time, other than where the person or partnership deals at arm’s length with the trust at that time, (a) a loan made by the person or partnership to the trust at a reasonable rate of interest; or (b) a transfer made by the person or partnership to the trust for fair market value consideration. (auteur) Deemed interest income — sections 15 and 212.3
Malgré le paragraphe (1), en particulier, sauf en fin d’année d’imposition, la valeur des biens visés à l’inventaire d’une entreprise artistique d’un particulier est réputée nulle pour le calcul du revenu tiré d’une entreprise artistique pour l’année. Valeur pour les années suivantes
(a) section 17 does not apply in respect of the amount owing; and (b) the amount, if any, determined by the following formula is to be included in computing the income of the CRIC for the year or of the qualifying Canadian partnership for the fiscal period, as the case may be: A is the amount that is the greater of (i) the amount of interest that would be included in computing the income of the CRIC for the year or of the qualifying Canadian partnership for the fiscal period, as the case may be, in respect of the amount owing for the particular period in the year, or the fiscal period, during which the amount owing was a pertinent loan or indebtedness if that interest were computed at the prescribed rate for the particular period, and (ii) the total of all amounts of interest payable in respect of the period in the year, or the fiscal period, during which the amount owing was a pertinent loan or indebtedness, by the CRIC, the qualifying Canadian partnership, a person resident in Canada with which the CRIC did not, at the time the amount owing arose, deal at arm’s length or a partnership of which the CRIC or the person is a member, in respect of a debt obligation — entered into as part of a series of transactions or events that includes the transaction by which the amount owing arose — to the extent that the proceeds of the debt obligation can reasonably be considered to have directly or indirectly funded, in whole or in part, the amount owing, and B is an amount included in computing the income of the CRIC for the year or of the qualifying Canadian partnership for the fiscal period, as the case may be, as, on account of, in lieu of or in satisfaction of, interest in respect of the amount owing for the period in the year, or the fiscal period, during which the amount owing was a pertinent loan or indebtedness. Acquisition of control
La valeur des biens visés par le choix d’un contribuable conformément au paragraphe (6) est réputée nulle pour chaque année d’imposition postérieure; toutefois, le contribuable peut révoquer le choix avec l’accord du ministre et aux conditions précisées par ce dernier. Définition de entreprise artistique
If at any time a parent or group of parents referred to in section 212.3 acquires control of a CRIC and the CRIC was not controlled by a non-resident person, or a group of non-resident persons not dealing with each other at arm’s length, immediately before that time, no amount is SUBDIVISION B Income or Loss from a Business or Property to be included under subsection (1) in computing the income of the CRIC in respect of a pertinent loan or indebtedness (as defined in subsection 212.3(11)) for the period that begins at that time and ends on the day that is 180 days after that time.
Pour l’application du présent article, entreprise artistique s’entend de l’entreprise d’un particulier qui consiste pour celui-ci à créer des peintures, estampes, gravures, dessins, sculptures ou œuvres d’art semblables, à l’exclusion d’une entreprise qui consiste à reproduire de telles œuvres d’art. Transition
A particular loan or indebtedness that would, in the absence of this subsection, be a pertinent loan or indebtedness is deemed not to be a pertinent loan or indebtedness if, because of a provision of a tax treaty, the amount included in computing the income of the CRIC for any taxation year or of the qualifying Canadian partnership for any fiscal period, as the case may be, in respect of the particular loan or indebtedness is less than it would be if no tax treaty applied. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2012, c. 31, s. 6; 2021, c. 23, s. 5.
Lorsque des biens figurant à l’inventaire d’une entreprise qui est un projet comportant un risque ou une affaire de caractère commercial ont été évalués, selon le Income Tax PART I Income Tax DIVISION B Computation of Income
(a) an outlay or expense except to the extent that it was made or incurred by the taxpayer for the purpose of gaining or producing income from the business or property; (b) an outlay, loss or replacement of capital, a payment on account of capital or an allowance in respect of depreciation, obsolescence or depletion except as expressly permitted by this Part; (c) an outlay or expense to the extent that it may reasonably be regarded as having been made or incurred for the purpose of gaining or producing exempt income or in connection with property the income from which would be exempt; Annual value of property SUBDIVISION B Income or Loss from a Business or Property (e) an amount as, or on account of, a reserve, a contingent liability or amount or a sinking fund except as expressly permitted by this Part; (e.1) an amount in respect of claims that were received by an insurer before the end of the year under insurance policies and that are unpaid at the end of the year, except as expressly permitted by this Part; Payments on discounted bonds (f) an amount paid or payable as or on account of the principal amount of any obligation described in paragraph 20(1)(f) except as expressly permitted by that paragraph; (g) an amount paid by a corporation as interest or otherwise to holders of its income bonds or income debentures unless the bonds or debentures have been issued on the income provisions thereof having been adopted since 1930 (i) to afford relief to the debtor from financial difficulties, (ii) in place of or as an amendment to bonds or debentures that at the end of 1930 provided unconditionally for a fixed rate of interest; Personal and living expenses (h) personal or living expenses of the taxpayer, other than travel expenses incurred by the taxpayer while away from home in the course of carrying on the taxpayer’s business; Limitation re employer’s contribution under supplementary unemployment benefit plan (i) an amount paid by an employer to a trustee under a supplementary unemployment benefit plan except as permitted by section 145; Limitation re employer’s contribution under deferred profit sharing plan (j) an amount paid by an employer to a trustee under a deferred profit sharing plan except as expressly permitted by section 147; Limitation re employer’s contribution under profit sharing plan (k) an amount paid by an employer to a trustee under a profit sharing plan that is not (l) an outlay or expense made or incurred by the taxpayer after 1971, (i) for the use or maintenance of property that is a yacht, a camp, a lodge or a golf course or facility, unless the taxpayer made or incurred the outlay or expense in the ordinary course of the taxpayer’s business of providing the property for hire or reward, or (ii) as membership fees or dues (whether initiation fees or otherwise) in any club the main purpose of which is to provide dining, recreational or sporting facilities for its members; (l.1) an amount paid or payable in respect of the use of a safety deposit box of a financial institution; (m) an amount in respect of which an election was made by or on behalf of the taxpayer under subsection 110(1.1); (n) a political contribution; Employee benefit plan contributions (o) an amount paid or payable as a contribution to an employee benefit plan; Salary deferral arrangement (o.1) except as expressly permitted by paragraphs 20(1)(oo) and 20(1)(pp), an outlay or expense made or incurred under a salary deferral arrangement in respect of another person, other than such an arrangement established primarily for the benefit of one or more non-resident employees in respect of services to be rendered outside Canada; Retirement compensation arrangement (o.2) except as expressly permitted by paragraph 20(1)(r), contributions made under a retirement compensation arrangement; Employee life and health trust (o.3) except as expressly permitted by paragraph 20(1)(s), contributions to an employee life and health trust; Limitation to personal services business expenses (p) an outlay or expense to the extent that it was made or incurred by a corporation in a taxation year for the purpose of gaining or producing income from a personal services business, other than (i) the salary, wages or other remuneration paid in the year to an incorporated employee of the corporation, (ii) the cost to the corporation of any benefit or allowance provided to an incorporated employee in the year, (iii) any amount expended by the corporation in connection with the selling of property or the negotiating of contracts by the corporation if the amount would have been deductible in computing the income of an incorporated employee for a taxation year from an office or employment if the amount had been expended by the incorporated employee under a contract of employment that required the employee to pay the amount, and (iv) any amount paid by the corporation in the year for or on account of legal expenses incurred by it in collecting amounts owing to it on account of services rendered that would, if the income of the corporation were from a business other than a personal services business, be deductible in computing its income; Limitation re cancellation of lease (q) an amount paid or payable by the taxpayer for the cancellation of a lease of property of the taxpayer leased by the taxpayer to another person, except to the extent permitted by paragraph 20(1)(z) or 20(1)(z.1); (r) an amount paid or payable by the taxpayer as an allowance for the use by an individual of an automobile to the extent that the amount exceeds an amount determined in accordance with prescribed rules, except where the amount so paid or payable is required to be included in computing the individual’s income; (s) any loss, depreciation or reduction in a taxation year in the value or amortized cost of a loan or lending asset of a taxpayer made or acquired by the taxpayer in the ordinary course of the taxpayer’s business of insurance or the lending of money and not disposed of by the taxpayer in the year, except as expressly permitted by this Part; SUBDIVISION B Income or Loss from a Business or Property Payments under different acts (t) any amount paid or payable (i) under this Act (other than tax paid or payable under Part XII.2 or Part XII.6), (ii) as interest under Part IX of the Excise Tax Act, (iii) as interest under the Air Travellers Security Charge Act, (iv) as interest under the Underused Housing Tax Act, [2022, c. 10, s. 173] (v) as interest under the Select Luxury Items Tax Act, [2022, c. 10, s. 173] (vi) as interest under the Digital Services Tax Act, or (vii) as interest under the Global Minimum Tax Act; Fees — individual saving plans (u) any amount paid or payable by the taxpayer for services in respect of a FHSA, retirement savings plan, retirement income fund or TFSA under or of which the taxpayer is the annuitant or holder; (v) where the taxpayer is an authorized foreign bank, an amount in respect of interest that would otherwise be deductible in computing the taxpayer’s income from a business carried on in Canada, except as provided in section 20.2; Underlying payments on qualified securities (w) except as expressly permitted, an amount that is deemed by subsection 260(5.1) to have been received by another person as an amount described in any of paragraphs 260(5.1)(a) to (c); Derivatives — lower of cost and market (x) any reduction in a taxation year in the value of a property if (i) the method used by the taxpayer to value the property at the end of the year for purposes of computing the taxpayer’s profit from a business or property is the cost at which the taxpayer acquired it or its fair market value at the end of the year, whichever is lower, (ii) the property is described in subsection 10(15), and SUBDIVISION B Income or Loss from a Business or Property (iii) the property is not disposed of by the taxpayer in the year; and Payment for shares Limit on certain interest and property tax
Adding property to inventory Impôt sur le revenu
Notwithstanding paragraph 20(1)(c), in computing the taxpayer’s income for a particular taxation year from a business or property, no amount shall be deductible in respect of any expense incurred by the taxpayer in the year as, on account or in lieu of payment of, or in satisfaction of, (a) interest on debt relating to the acquisition of land, or (b) property taxes (not including income or profits taxes or taxes computed by reference to the transfer of property) paid or payable by the taxpayer in respect of land to a province or to a Canadian municipality, unless, having regard to all the circumstances (including the cost to the taxpayer of the land in relation to the taxpayer’s gross revenue, if any, from the land for the particular year or any preceding taxation year), the land can reasonably be considered to have been in the year, (c) used in the course of a business carried on in the particular year by the taxpayer, other than a business in the ordinary course of which land is held primarily for the purpose of resale or development, or SUBDIVISION B Income or Loss from a Business or Property except to the extent of the total of (e) the amount, if any, by which the taxpayer’s gross revenue, if any, from the land for the particular year exceeds the total of all amounts deducted in computing the taxpayer’s income from the land for the year, and (f) in the case of a corporation whose principal business is the leasing, rental or sale, or the development for lease, rental or sale, or any combination thereof, of real or immovable property owned by it, to or for a person with whom the corporation is dealing at arm’s length, the corporation’s base level deduction for the particular year. Where taxpayer member of partnership (2.1) Where a taxpayer who is a member of a partnership was obligated to pay any amount as, on account or in lieu of payment of, or in satisfaction of, interest (in this subsection referred to as an “interest amount”) on money that was borrowed by the taxpayer before April 1, 1977 and that was used to acquire land owned by the partnership before that day or on an obligation entered into by the taxpayer before April 1, 1977 to pay for land owned by the partnership before that day, and, in a taxation year of the taxpayer, either, (a) the partnership has disposed of all or any portion of the land, or (b) the partnership has disposed of all or any portion of the taxpayer’s interest in the partnership to a person other than a person with whom the taxpayer does not deal at arm’s length, in computing the taxpayer’s income for the year or any subsequent year, there may be deducted such portion of the taxpayer’s interest amount (c) that was, by virtue of subsection 18(2), not deductible in computing the income of the taxpayer for any previous taxation year, (d) that was not deductible in computing the income of any other taxpayer for any taxation year, (e) that was not included in computing the adjusted cost base to the taxpayer of any property, and (f) that was not deductible under this subsection in computing the income of the taxpayer for any previous taxation year as is reasonable having regard to the portion of the land or interest in the partnership, as the case may be, so disposed of. (2.2) For the purposes of this section, a corporation’s base level deduction for a taxation year is the amount that would be the amount of interest, computed at the prescribed rate, for the year in respect of a loan of $1,000,000 outstanding throughout the year, unless the corporation is associated in the year with one or more other corporations in which case, except as otherwise provided in this section, its base level deduction for the year is nil. Associated corporations (2.3) Notwithstanding subsection 18(2.2), if all of the corporations that are associated with each other in a taxation year have filed with the Minister in prescribed form an agreement whereby, for the purposes of this section, they allocate an amount to one or more of them for the taxation year and the amount so allocated or the total of the amounts so allocated, as the case may be, does not exceed $1,000,000, the base level deduction for the year for each of the corporations is the base level deduction that would be computed under subsection 18(2.2) in respect of the corporation if the reference in that subsection to $1,000,000 were read as a reference to the amount so allocated to it. Failure to file agreement (2.4) If any of the corporations that are associated with each other in a taxation year has failed to file with the Minister an agreement as contemplated by subsection 18(2.3) within 30 days after notice in writing by the Minister has been forwarded to any of them that such an agreement is required for the purpose of any assessment of tax under this Part, the Minister shall, for the purpose of this section, allocate an amount to one or more of them for the taxation year, which amount or the total of which amounts, as the case may be, shall equal $1,000,000 and in any such case, the amount so allocated to any corporation shall be deemed to be an amount allocated to the corporation pursuant to subsection 18(2.3). Special rules for base level deduction (a) where a corporation, in this paragraph referred to as the “first corporation”, has more than one taxation year ending in the same calendar year and is associated in two or more of those taxation years with another corporation that has a taxation year ending in that calendar year, the base level deduction of the first corporation for each taxation year in which it is associated with the other corporation ending in that calendar year is, subject to the application of paragraph 18(2.5)(b), an amount equal to its base level deduction for the first such taxation year determined without reference to paragraph 18(2.5)(b); and (b) where a corporation has a taxation year that is less than 51 weeks, its base level deduction for the year is that proportion of its base level deduction for the year determined without reference to this paragraph that the number of days in the year is of 365. interest on debt relating to the acquisition of land includes (a) interest paid or payable in a year in respect of borrowed money that cannot be identified with particular land but that may nonetheless reasonably be considered (having regard to all the circumstances) as interest on borrowed money used in respect of or for the acquisition of land, and (b) interest paid or payable in the year by a taxpayer in respect of borrowed money that may reasonably be considered (having regard to all the circumstances) to have been used to assist, directly or indirectly, (i) another person with whom the taxpayer does not deal at arm’s length, (ii) a corporation of which the taxpayer is a specified shareholder, or (iii) a partnership of which the taxpayer’s share of any income or loss is 10% or more, to acquire land to be used or held by that person, corporation or partnership otherwise than as described in paragraph 18(2)(c) or 18(2)(d), except where the assistance is in the form of a loan to that person, corporation or partnership and a reasonable rate of interest on the loan is charged by the taxpayer; (intérêts sur une dette concernant l’acquisition d’un fonds de terre) land does not, except to the extent that it is used for the provision of parking facilities for a fee or charge, include (a) any property that is a building or other structure affixed to land, (b) the land subjacent to any property described in paragraph (a), or (c) such land immediately contiguous to the land described in paragraph (b) that is a parking area, driveway, yard, garden or similar land as is necessary for the use of any property described in paragraph (a). Costs relating to construction of building or ownership of land (3.1) Notwithstanding any other provision of this Act, in computing a taxpayer’s income for a taxation year, (a) no deduction shall be made in respect of any outlay or expense made or incurred by the taxpayer (other than an amount deductible under paragraph 20(1)(a), 20(1)(aa) or 20(1)(qq) or subsection 20(29)) that can reasonably be regarded as a cost attributable to the period of the construction, renovation or alteration of a building by or on behalf of the taxpayer, a period within which the taxpayer does not deal at arm’s length, a corporation of which the taxpayer is a specified shareholder or a partnership of which the taxpayer’s share of any income or loss is 10% or more and relating to the construction, renovation or alteration, or a cost attributable to that period and relating to the ownership during that period of land (i) that is subjacent to the building, or (ii) that (A) is immediately contiguous to the land subjacent to the building, (B) is used, or is intended to be used, for a parking area, driveway, yard, garden or any other similar use, and (C) is necessary for the use or intended use of the building; and (b) the amount of such an outlay or expense shall, to the extent that it would otherwise be deductible in computing the taxpayer’s income for the year, be included in computing the cost or capital cost, as the case may be, of the building to the taxpayer, to the person with whom the taxpayer does not deal at arm’s length, to the corporation of which the taxpayer is a specified shareholder or to the partnership of which SUBDIVISION B Income or Loss from a Business or Property the taxpayer’s share of any income or loss is 10% or more, as the case may be. Included costs (3.2) For the purposes of subsection 18(3.1), costs relating to the construction, renovation or alteration of a building or to the ownership of land include (a) interest paid or payable by a taxpayer in respect of borrowed money that cannot be identified with a particular building or particular land, but that can reasonably be considered (having regard to all the circumstances) as interest on borrowed money used by the taxpayer in respect of the construction, renovation or alteration of a building or the ownership of land; and (b) interest paid or payable by a taxpayer in respect of borrowed money that may reasonably be considered (having regard to all the circumstances) to have been used to assist, directly or indirectly, (i) another person with whom the taxpayer does not deal at arm’s length, (ii) a corporation of which the taxpayer is a specified shareholder, or (iii) a partnership of which the taxpayer’s share of any income or loss is 10% or more, to construct, renovate or alter a building or to purchase land, except where the assistance is in the form of a loan to that other person, corporation or partnership and a reasonable rate of interest on the loan is charged by the taxpayer. Completion (3.3) For the purposes of subsection 18(3.1), the construction, renovation or alteration of a building is completed at the earlier of the day on which the construction, renovation or alteration is actually completed and the day on which all or substantially all of the building is used for the purpose for which it was constructed, renovated or altered. (3.4) Subsection 18(3.1) does not apply to prohibit a deduction in a taxation year of the specified percentage of any outlay or expense described in that subsection made or incurred before 1992 by (a) a corporation whose principal business is throughout the year the leasing, rental or sale, or the development for lease, rental or sale, or any combination thereof, of real or immovable property owned by it, to or for a person with whom the corporation is dealing at arm’s length, or (i) each member of which is a corporation described in paragraph (a), and (ii) the principal business of which is throughout the year the leasing, rental or sale, or the development for lease, rental or sale, or any combination thereof, of real or immovable property held by it, to or for a person with whom each member of the partnership is dealing at arm’s length, and for the purposes of this subsection, specified percentage means, in respect of an outlay or expense made or incurred in 1988, 80%, in 1989, 60%, in 1990, 40%, and in 1991, 20%. (3.5) Subsection 18(3.1) does not apply in respect of an outlay or expense in respect of a building or the land described in subparagraph 18(3.1)(a)(i) or 18(3.1)(a)(ii) in respect of the building, (a) where the construction, renovation or alteration of the building was in progress on November 12, 1981, (b) where the installation of the footings or other base support of the building commenced after November 12, 1981 and before 1982, (c) if, in the case of a new building being constructed in Canada or an existing building being renovated or altered in Canada, arrangements, evidenced in writing, for the construction, renovation or alteration were substantially advanced before November 13, 1981 and the installation of footings or other base support for the new building or the renovation or alteration of the existing building, as the case may be, commenced before June 1, 1982, or (d) if, in the case of a new building being constructed in Canada, the taxpayer was obligated to construct the building under the terms of an agreement in writing entered into before November 13, 1981 and arrangements, evidenced in writing, respecting the construction of the building were substantially advanced before June 1, 1982 and the installation of footings or other base support for the building commenced before 1983. and the construction, renovation or alteration, as the case may be, of the building proceeds after 1982 without undue delay (having regard to acts of God, labour disputes, fire, accidents or unusual delay by common carriers or suppliers of materials or equipment). Undue delay (3.6) For the purposes of subsection 18(3.5), where more than one building is being constructed under any of the circumstances described in that subsection on one site or on immediately contiguous sites, no undue delay shall be regarded as occurring in the construction of any such building if construction of at least one such building proceeds after 1982 without undue delay and continuous construction of all other such buildings proceeds after 1983 without undue delay. (3.7) For the purposes of this section, the installation of footings or other base support for a building shall be deemed to commence on the first placement of concrete, pilings or other material that is to provide permanent support for the building. Limitation on deduction of interest
Notwithstanding any other provision of this Act (other than subsection (8)), in computing the income for a taxation year of a corporation or a trust from a business (other than the Canadian banking business of an authorized foreign bank) or property, no deduction shall be made in respect of that proportion of any amount that would, in the absence of this subsection and section 18.2, be deductible in computing that income in respect of interest paid or payable by it on outstanding debts to specified non-residents that (a) the amount, if any, by which (i) the average of all amounts each of which is, in respect of a calendar month that ends in the year, the greatest total amount at any time in the month of the outstanding debts to specified non-residents of the corporation or trust, (iii) 1.5 times the equity amount of the corporation or trust for the year, is of (b) the amount determined under subparagraph (a)(i) in respect of the corporation or trust for the year.
Notwithstanding any other provision of this Act (other than subsection (5.1)), in this subsection and subsections (4) and (5.1) to (6.1), beneficiary has the same meaning as in subsection 108(1); (bénéficiaire) equity amount, of a corporation or trust for a taxation year, means (a) in the case of a corporation resident in Canada, the total of (i) the retained earnings of the corporation at the beginning of the year, except to the extent that those earnings include retained earnings of any other corporation, (ii) the average of all amounts each of which is the corporation’s contributed surplus (other than any portion of that contributed surplus that arose at a time when the corporation was non-resident, or that arose in connection with a disposition to which subsection 212.1(1.1) applies or an investment, as defined in subsection 212.3(10), to which subsection 212.3(2) applies) at the beginning of a calendar month that ends in the year, to the extent that it was contributed by a specified non-resident shareholder of the corporation, and (iii) the average of all amounts each of which is the corporation’s paid-up capital at the beginning of a calendar month that ends in the year, excluding the paid-up capital in respect of shares of any class of the capital stock of the corporation owned by a person other than a specified non-resident shareholder of the corporation, (b) in the case of a trust resident in Canada, the amount, if any, by which (A) the average of all amounts each of which is the total amount of all equity contributions to the trust made before a calendar month that ends in the year, to the extent that the contributions were made by a specified non-resident beneficiary of the trust, and (B) the tax-paid earnings of the trust for the year, (ii) the average of all amounts each of which is the total of all amounts that were paid or became payable by the trust to a beneficiary of the trust in respect of the beneficiary’s interest under the trust before a calendar month that ends in the year except to the extent that the amount is (A) included in the beneficiary’s income for a taxation year because of subsection 104(13), (B) an amount from which tax was deducted under Part XIII because of paragraph 212(1)(c), or (c) in the case of a corporation or trust that is not resident in Canada, including a corporation or trust that files a return under this Part in accordance with subsection 216(1) in respect of the year, 40% of the amount, if any, by which (i) the average of all amounts each of which is the cost of a property, other than an interest as a member of a partnership, owned by the corporation or trust at the beginning of a calendar month that ends in the year (A) that is used by the corporation or trust in the year in, or held by it in the year in the course of, carrying on business in Canada, or (B) that is an interest in real property, or a real right in immovables, in Canada, or an interest in, or for civil law a right in, timber resource properties and timber limits, in Canada, and in respect of which the corporation or trust files a return under this Part in accordance with subsection 216(1) in respect of the year, (ii) the average of all amounts each of which is the total of all amounts outstanding, at the beginning of a calendar month that ends in the year, as or on account of a debt or other obligation to pay any amount that was payable by the corporation or trust that may reasonably be regarded as relating to a business carried on by it in Canada or to an interest or right described in clause (i)(B), other than a debt or obligation that is included in the outstanding debts to specified non-residents of the corporation or trust; (montant des capitaux propres) equity contribution, to a trust, means a transfer of property to the trust that is made (a) in exchange for an interest as a beneficiary under the trust, (b) in exchange for a right to acquire an interest as a beneficiary under the trust, or (c) for no consideration by a person beneficially interested in the trust; (apport de capitaux propres) outstanding debts to specified non-residents, of a corporation or trust at any particular time in a taxation year, means (a) the total of all amounts each of which is an amount outstanding at that time as or on account of a debt or other obligation to pay an amount (i) that was payable by the corporation or trust to a person who was, at any time in the year, (B) a non-resident person who was not dealing at arm’s length with a specified shareholder of the corporation or a specified beneficiary of the trust, as the case may be, and (ii) on which any amount in respect of interest paid or payable by the corporation or trust is or would be, but for subsection (4), deductible in computing the income of the corporation or trust for the year, but does not include (b) an amount outstanding at the particular time as or on account of a debt or other obligation (i) to pay an amount to (A) a non-resident insurance corporation to the extent that the obligation was, for the non-resident insurance corporation’s taxation year that included the particular time, designated insurance property in respect of an insurance business carried on in Canada through a permanent establishment as defined by regulation, or (B) an authorized foreign bank, if the bank uses or holds the obligation at the particular time in its Canadian banking business, or (ii) that is a debt obligation described in subparagraph (ii) of the description of A in paragraph 17.1(1)(b) to the extent that the proceeds of the debt obligation can reasonably be considered to security interest, in respect of a property, means an interest in, or for civil law a right in, the property that secures payment of an obligation; (garantie) specified beneficiary, of a trust at any time, means a person who at that time, either alone or together with persons with whom that person does not deal at arm’s length, has an interest as a beneficiary under the trust with a fair market value that is not less than 25% of the fair market value of all interests as a beneficiary under the trust and for the purpose of determining whether a particular person is a specified beneficiary of a trust, (a) if the particular person, or a person with whom the particular person does not deal at arm’s length, has at that time a right under a contract, in equity or otherwise, either immediately or in the future and either absolutely or contingently, to do, to acquire, retain or terminate an interest as a beneficiary under the trust, the particular person or the person with whom the particular person does not deal at arm’s length, as the case may be, is deemed at that time to own the interest, (b) if the particular person, or a person with whom the particular person does not deal at arm’s length, has at that time a right under a contract, in equity or otherwise, either immediately or in the future and either absolutely or contingently to cause a trust to redeem, acquire or terminate an interest as a beneficiary (other than an interest held by the particular person or a person with whom the particular person does not deal at arm’s length), the trust is deemed at that time to have redeemed, acquired or terminated the interest, unless the right is not exercisable at that time because the exercise of the right is contingent on the death, bankruptcy or permanent disability of an individual, and (c) if the amount of income or capital of the trust that the particular person, or a person with whom the particular person does not deal at arm’s length, may receive as a beneficiary of the trust depends on the exercise by any person of, or the failure by any person to exercise, a discretionary power, that person is deemed to have fully exercised, or to have failed to exercise the power, as the case may be; (bénéficiaire déterminé) specified right, at any time in respect of a property, means a right to, at that time, mortgage, hypothecate, assign, pledge or in any way encumber the property to secure payment of an obligation — other than the particular debt or other obligation described in paragraph (6)(a) or debt or other obligation described in subparagraph (6)(d)(ii) — or to use, invest, sell or otherwise dispose of, or in any way alienate, the property unless it is established by the taxpayer that all of the proceeds (net of costs, if any) received, or that would be received, from exercising the right must first be applied to reduce an amount described in subparagraph (6)(d)(i) or (ii); (droit déterminé) specified shareholder of a corporation at any time means a person who at that time, either alone or together with persons with whom that person is not dealing at arm’s length, owns (a) shares of the capital stock of the corporation that give the holders thereof 25% or more of the votes that could be cast at an annual meeting of the shareholders of the corporation, or (b) shares of the capital stock of the corporation having a fair market value of 25% or more of the fair market value of all of the issued and outstanding shares of the capital stock of the corporation, and for the purpose of determining whether a particular person is a specified shareholder of a corporation at any time, where the particular person or a person with whom the particular person is not dealing at arm’s length has at that time a right under a contract, in equity or otherwise, either immediately or in the future and either absolutely or contingently (c) to, or to acquire, shares in a corporation or to control the voting rights of shares in a corporation, or SUBDIVISION B Income or Loss from a Business or Property (d) to cause a corporation to redeem, acquire or cancel any of its shares (other than shares held by the particular person or a person with whom the particular person is not dealing at arm’s length), the particular person or the person with whom the particular person is not dealing at arm’s length, as the case may be, shall be deemed at that time to own the shares referred to in paragraph (c) and the corporation referred to in paragraph (d) shall be deemed at that time to have redeemed, acquired or cancelled the shares referred to in paragraph (d), unless the right is not exercisable at that time because the exercise thereof is contingent on the death, bankruptcy or permanent disability of an individual; (actionnaire déterminé) tax-paid earnings, of a trust resident in Canada for a taxation year, means the total of all amounts each of which is the amount in respect of a particular taxation year of the trust that ended before the year determined by the formula A is the taxable income of the trust under this Part for the particular year, and B is the total of tax payable under this Part by the trust, and all income taxes payable by the trust under the laws of a province, for the particular year. (bénéfices libérés d’impôt) (b) there was in effect at that time an agreement or arrangement under which, on the satisfaction of a condition or the occurrence of an event that it is reasonable to expect will be satisfied or will occur, the particular (c) the purpose for which the particular person became a specified shareholder or specified beneficiary was the safeguarding of rights or interests of the particular person or a person with whom the particular person is not dealing at arm’s length in respect of any indebtedness owing at any time to the particular person or a person with whom the particular person is not dealing at arm’s length, the particular person is deemed not to be a specified shareholder of the corporation or a specified beneficiary of the trust, as the case may be, at that time. Property used in business — cost attribution (5.3) For the purposes of subparagraph (c)(i) of the definition property amount in subsection (5), (a) if a property is partly used or held by a taxpayer in a taxation year in the course of carrying on business in Canada, the cost of the property to the taxpayer is deemed for the year to be equal to the same proportion of the cost to the taxpayer of the property (determined without reference to this subsection) that the proportion of the use or holding made of the property in the course of carrying on business in Canada in the year is of the whole use or holding made of the property in the year; and (b) if a corporation or trust is deemed to own a portion of a property of a partnership because of subsection (7) at any time, (i) the property is deemed to have, at that time, a cost to the corporation or trust equal to the same proportion of the cost of the property to the partnership as the proportion of the debts and other obligations to pay an amount of the partnership allocated to it under subsection (7) is of the total amount of all debts and other obligations to pay an amount of the partnership, and (ii) in the case of a partnership that carries on business in Canada, the corporation or trust is deemed to use or hold the property in the course of carrying on business in Canada to the extent the partnership uses or holds the property in the course of carrying on business in Canada for the fiscal period of the partnership that includes that time. (5.4) For the purposes of this Act, a trust resident in Canada may designate in its return of income under this Part for a taxation year that all or any portion of an amount paid or credited as interest by the trust, or by a partnership, in the year to a non-resident person is deemed to be income of the trust that has been paid to the non-resident person as a beneficiary of the trust, and not to have been paid or credited by the trust or the partnership as interest, to the extent that an amount in respect of the interest (a) is included in computing the income of the trust for the year under paragraph 12(1)(l.1); or (b) is not deductible in computing the income of the trust for the year because of subsection (4). Back-to-back loan arrangement
Subsection (6.1) applies at any time in respect of a taxpayer if at that time (a) the taxpayer has a particular amount outstanding as or on account of a particular debt or other obligation to pay an amount to a person (in this subsection and subsection (6.1) referred to as the “intermediary”); (b) the intermediary is neither (i) a person resident in Canada with whom the taxpayer does not deal at arm’s length, nor (ii) a person that is, in respect of the taxpayer, described in subparagraph (a)(i) of the definition outstanding debts to specified non-residents in subsection (5); (c) the intermediary or a person that does not deal at arm’s length with the intermediary (i) has an amount outstanding as or on account of a debt or other obligation to pay an amount to a particular non-resident person that is, in respect of the taxpayer, described in subparagraph (a)(i) of the definition outstanding debts to specified non-residents in subsection (5) that meets any of the following conditions (in this subsection and subsection (6.1) referred to as the “intermediary debt”): (A) recourse in respect of the debt or other obligation is limited in whole or in part, either immediately or in the future and either absolutely or contingently, to the particular debt or other obligation, or (B) it can reasonably be concluded that all or a portion of the particular amount became owing, or was permitted to remain owing, because (I) all or a portion of the debt or other obligation was entered into or was permitted to remain outstanding, or (II) the intermediary anticipated that all or a portion of the debt or other obligation would become owing or remain outstanding, or (iii) has a specified right in respect of a particular property that was granted directly or indirectly by a person that is, in respect of the taxpayer, a particular non-resident person described in subparagraph (a)(i) of the definition outstanding debts to specified non-residents in subsection (5) and (A) the existence of the specified right is required under the terms and conditions of the particular debt or other obligation, or (B) it can reasonably be concluded that all or a portion of the particular amount became owing, or was permitted to remain owing, because (I) the specified right was granted, or (II) the intermediary anticipated that the specified right would be granted; and (d) the total of all amounts — each of which is, in respect of the particular debt or other obligation, an amount outstanding as or on account of an intermediary debt or the fair market value of a particular property described in subparagraph (c)(ii) — is equal to at least 25% of the total of (i) the particular amount, and (ii) the total of all amounts each of which is an amount (other than the particular amount) that the taxpayer, or a person that does not deal at arm’s length with the taxpayer, has outstanding as or on account of a debt or other obligation to pay an amount to the intermediary under the agreement, or an agreement that is connected to the agreement, under which the particular debt or other obligation was entered into if (A) the intermediary is granted a security interest in respect of a property that is the intermediary debt or the particular property, as the case may be, and the security interest secures the payment of two or more debts or other obligations that include the debt or other obligation and the particular debt or other obligation, and (B) each security interest that secures the payment of a debt or other obligation referred to in clause (A) secures the payment of every debt or other obligation referred to in that clause. Back-to-back loan arrangement (6.1) If this subsection applies at any time in respect of a taxpayer, (i) the portion of the particular amount, at that time, referred to in paragraph (6)(a) that is equal to the lesser of the following amounts is deemed to be an amount outstanding as or on account of a debt or other obligation to pay an amount to the particular non-resident person referred to in subparagraph (6)(c)(i) or (ii), as the case may be, and not to the intermediary: (A) the amount outstanding as or on account of the intermediary debt or the fair market value of the particular property referred to in subparagraph (6)(c)(ii), as the case may be, and (B) the proportion of the particular amount that the amount outstanding or the fair market value, as the case may be, is of the total of all amounts each of which is (I) an amount outstanding as or on account of an intermediary debt in respect of the particular debt or other obligation, owed to the particular non-resident or any other non-resident person that is, in respect of the taxpayer, described in the definition outstanding debts to specified non-residents in subsection (5), or (II) the fair market value of a particular property referred to in subparagraph (6)(c)(ii) in SUBDIVISION B Income or Loss from a Business or Property respect of the particular debt or other obligation, and (ii) the portion of the interest paid or payable by the taxpayer, in respect of a period throughout which subparagraph (a)(i) applies, on the particular debt or other obligation referred to in paragraph (6)(a) that is equal to the amount determined by the following formula is deemed to be paid or payable by the taxpayer to the particular non-resident, and not to the intermediary, as interest for the period on the amount deemed by subparagraph (a)(i) to be outstanding to the particular non-resident: A is the interest paid or payable, B is the average of all amounts each of which is an amount that is deemed by subparagraph (a)(i) to be outstanding to the particular non-resident at a time during the period, and C is the average of all amounts each of which is the particular amount outstanding at a time during the period; and (b) for the purposes of Part XIII and subject to subsections 214(16) and (17), interest deemed under subparagraph (a)(ii) to be paid or payable to the particular non-resident in respect of a period is, to the extent that the interest is not deductible in computing the income of the taxpayer for the year because of subsection 18(4), deemed to be paid or payable by the taxpayer to the particular non-resident, and not to the intermediary, in respect of the period. Partnership debts and property
For the purposes of this subsection, paragraph (4)(a), subsections (5) to (6.1) and paragraph 12(1)(l.1), each member of a partnership at any time is deemed at that time (a) to owe the portion (in this subsection and paragraph 12(1)(l.1) referred to as the “debt amount”) of each debt or other obligation to pay an amount of the partnership and to own the portion of each property of the partnership that is equal to (A) at or before the end of the taxation year referred to in subsection (4), and (B) at a time when the member is a member of the partnership, and (ii) if the member does not have a specified proportion described in subparagraph (i), the proportion that (A) the fair market value of the member’s interest in the partnership at that time is of (B) the fair market value of all interests in the partnership at that time; (b) to owe the debt amount to the person to whom the partnership owes the debt or other obligation to pay an amount; and (c) to have paid interest on the debt amount that is deductible in computing the member’s income to the extent that an amount in respect of interest paid or payable on the debt amount by the partnership is deductible in computing the partnership’s income.
Fait lié à la restriction de pertes
An amount in respect of interest paid or payable to a controlled foreign affiliate of a corporation resident in Canada that would otherwise not be deductible by the corporation for a taxation year because of subsection (4) may be deducted to the extent that an amount included under subsection 91(1) in computing the corporation’s income for the year or a subsequent year can reasonably be considered to be in respect of the interest. Limitation respecting prepaid expenses
Malgré le paragraphe (1.01), les biens figurant à l’inventaire de l’entreprise d’un contribuable qui est un projet comportant un risque ou une affaire de caractère commercial à la fin de l’année d’imposition du contribuable qui se termine immédiatement avant le moment où celui-ci est assujetti à un fait lié à la restriction de pertes sont évalués au coût auquel le contribuable a acquis les biens ou, si elle est inférieure, à leur juste valeur marchande à la fin de l’année; après ce moment, le coût auquel le contribuable a acquis les biens est réputé être égal à la valeur inférieure, sous réserve d’une application ultérieure du présent paragraphe. Fait lié à la restriction de pertes
Notwithstanding any other provision of this Act, (a) in computing a taxpayer’s income for a taxation year from a business or property (other than income from a business computed in accordance with the method authorized by subsection 28(1)), no deduction shall be made in respect of an outlay or expense to the extent that it can reasonably be regarded as having been made or incurred (i) as consideration for services to be rendered after the end of the year, (ii) as, on account of, in lieu of payment of or in satisfaction of, interest, taxes (other than taxes imposed on an insurer in respect of insurance premiums of a non-cancellable or guaranteed renewable accident and sickness insurance policy, or a life insurance policy other than a group term life insurance policy that provides coverage for a period of 12 months or less), rent or royalties in respect of a period that is after the end of the year, (iii) as consideration for insurance in respect of a period after the end of the year, other than (A) where the taxpayer is an insurer, consideration for reinsurance, and (B) consideration for insurance on the life of an individual under a group term life insurance policy where all or part of the consideration is for insurance that is (or would be if the individual survived) in respect of a period that ends more than 13 months after the consideration is paid, or (iv) subject to clause (iii)(B) and subsections 144.1(4) to (7), as consideration for a designated employee benefit (as defined in subsection 144.1(1)) to be provided after the end of the year (other than consideration payable in the year, to a corporation that is licensed to provide insurance, for insurance coverage in respect of the year); (b) such portion of each outlay or expense (other than an outlay or expense of a corporation, partnership or trust as, on account of, in lieu of payment of or in satisfaction of, interest) made or incurred as would, but for paragraph 18(9)(a), be deductible in computing a taxpayer’s income for a taxation year shall be deductible in computing the taxpayer’s income for the subsequent year to which it can reasonably be considered to relate; (c) for the purposes of section 37.1, such portion of each qualified expenditure (within the meaning assigned by subsection 37.1(5)) as was made by a taxpayer in a taxation year and as would, but for paragraph 18(9)(a), have been deductible in computing the taxpayer’s income for the year shall be deemed (i) not to be a qualified expenditure made by the taxpayer in the year, and (ii) to be a qualified expenditure made by the taxpayer in the subsequent year to which the expenditure can reasonably be considered to relate; (d) for the purpose of paragraph 18(9)(a), an outlay or expense of a taxpayer is deemed not to include any payment referred to in subparagraph 37(1)(a)(ii) or 37(1)(a)(iii) that (i) is made by the taxpayer to a person or partnership with which the taxpayer deals at arm’s length, and (ii) is not an expenditure described in subparagraph 37(1)(a)(i); and (e) for the purposes of section 37 and the definition qualified expenditure in subsection 127(9), the portion of an expenditure that is made or incurred by a taxpayer in a taxation year and that would, but for paragraph 18(9)(a), have been deductible under section 37 in computing the taxpayer’s income for the year, is deemed (i) not to be made or incurred by the taxpayer in the year, and (ii) to be made or incurred by the taxpayer in the subsequent taxation year to which the expenditure can reasonably be considered to relate. Group term life insurance (a) a taxpayer pays a premium after February 1994 and before 1997 under a group term life insurance policy for insurance on the life of an individual, (b) the insurance is for the remainder of the individual’s lifetime, and (c) no further premiums will be payable for the insurance, no amount may be deducted in computing the taxpayer’s income for a taxation year from a business or property in respect of the premium except that there may be so deducted, (d) where the year is the taxation year in which the premium was paid or a subsequent taxation year and the individual is alive at the end of the year, the lesser of (i) the amount determined by the formula (ii) one-third of the amount determined by the formula A is the amount that would be deductible in respect of the premium in computing the taxpayer’s income (ii) 1/3 of the amount determined by the formula A is the amount that would, if this Act were read without reference to this subsection, be deductible in respect of the premium in computing the taxpayer’s income, B is the total amount deductible in respect of the premium in computing the taxpayer’s income for preceding taxation years, and C is the number of days in the year, and (e) where the individual died in the year, the amount determined under subparagraph 18(9.01)(d)(i). (9.02) For the purpose of subsection (9), an outlay or expense made or incurred by an insurer in a taxation year on account of the acquisition of an insurance policy at any time prior to the issuance of the policy is deemed to be an expense incurred as consideration for services rendered in the particular year that the policy is issued. Penalties, bonuses and rate-reduction payments (9.1) Subject to subsection 142.4(10), where at any time a payment, other than a payment that (a) can reasonably be considered to have been made in respect of the extension of the term of a debt obligation or in respect of the substitution or conversion of the debt obligation to another debt obligation or share, or (b) is contingent or dependent on the use of or production from property or is computed by reference to revenue, profit, cash flow, commodity price or any other similar criterion or by reference to dividends paid or payable to shareholders of any class of shares of the capital stock of a corporation, is made to a person or partnership by a taxpayer in the course of carrying on a business or earning income from property in respect of borrowed money or on an amount payable for property acquired by the taxpayer (in this subsection referred to as a “debt obligation”) (c) as consideration for a reduction in the rate of interest payable by the taxpayer on the debt obligation, or (d) as a penalty or bonus payable by the taxpayer because of the repayment by the taxpayer of all or part of the principal amount of the debt obligation before its maturity, the payment shall, to the extent that it can reasonably be considered to relate to, and does not exceed the value at that time of, an amount that, but for the reduction described in paragraph 18(9.1)(c) or the repayment described in paragraph 18(9.1)(d), would have been paid or payable by the taxpayer as interest on the debt obligation for a taxation year of the taxpayer ending after that time, be deemed, (e) for the purposes of this Act, to have been paid by the taxpayer and received by the person or partnership at that time as interest on the debt obligation, and (f) for the purpose of computing the taxpayer’s income in respect of the business or property for the year, to have been paid or payable by the taxpayer in that year as interest pursuant to a legal obligation to pay interest, (i) in the case of a reduction described in paragraph 18(9.1)(c), on the debt obligation, and (ii) in the case of a repayment described in paragraph 18(9.1)(d), (A) where the repayment was in respect of all or part of the principal amount of the debt obligation that was borrowed money, except to the extent that the borrowed money was used by the taxpayer to acquire property, on borrowed money used in the year for the purpose for which the borrowed money that was repaid was used, and (B) where the repayment was in respect of all or part of the principal amount of the debt obligation that was either borrowed money used to acquire property or an amount payable for property acquired by the taxpayer, on the debt obligation to the extent that the property or property substituted therefor is used by the taxpayer in the year for the purpose of gaining or producing income therefrom or for the purpose of gaining or producing income from a business. Interest on debt obligations (9.2) For the purposes of this Part, the amount of interest payable on borrowed money or on an amount payable for property (in this subsection and subsections (9.3) to 18(9.8) referred to as the “debt obligation”) by a corporation, partnership or trust (in this subsection and subsections 18(9.3) to 18(9.7) referred to as the “borrower”) in respect of a taxation year shall, notwithstanding subparagraph 18(9.1)(f)(i), be deemed to be an amount equal to the lesser of (a) the amount of interest, not in excess of a reasonable amount, that would be payable on the debt obligation by the borrower in respect of the year if no amount had been paid before the end of the year in satisfaction of the obligation to pay interest on the debt obligation in respect of the year and if the amount outstanding at each particular time in the year that is after 1991 on account of the principal amount of the debt obligation were the amount, if any, by which (i) the amount outstanding at the particular time on account of the principal amount of the debt obligation exceeds the total of (ii) all amounts each of which is an amount paid before the particular time in satisfaction, in whole or in part, of the obligation to pay interest on the debt obligation in respect of a period or part thereof, that is after 1991, at the beginning of the year, and after the time the amount was so paid (other than a period or part thereof that is in the year where no such amount was paid before the particular time in respect of a period, or part of a period, that is after the end of the year), and (iii) the amount, if any, by which (A) the total of all amounts of interest payable on the debt obligation (determined without reference to this subsection) by the borrower in respect of taxation years ending after 1991 and before the year (to the extent that the interest does not exceed a reasonable amount) (B) the total of all amounts of interest deemed by this subsection to have been payable on the debt obligation by the borrower in respect of taxation years ending before the year, and (b) the amount, if any, by which (i) the total of all amounts of interest payable on the debt obligation (determined without reference to this subsection) by the borrower for the year or taxation years ending after 1991 and before the year (to the extent that the interest does not exceed a reasonable amount) (ii) the total of all amounts of interest deemed, by the present paragraph, payable by the borrower in respect of taxation years ending before the year. (ii) the total of all amounts of interest deemed by this subsection to have been payable on the debt obligation by the borrower in respect of taxation years ending before this year. Interest on debt obligations (9.3) Where at any time in a taxation year of a borrower a debt obligation of the borrower is settled or extinguished or the holder of the obligation acquires or reacquires property of the borrower in circumstances in which section 79 applies in respect of the debt obligation and the total of (a) all amounts each of which is an amount paid at or before that time in satisfaction, in whole or in part, of the obligation to pay interest on the debt obligation in respect of a period or part of a period that is after that time, and (b) all amounts of interest payable on the debt obligation (determined without reference to subsection 18(9.2)) by the borrower in respect of taxation years ending after 1991 and before that time, or in respect of periods or parts of periods that are in such years and before that time (to the extent that the interest does not exceed a reasonable amount), exceeds the total of (c) all amounts of interest deemed by subsection 18(9.2) to have been payable on the debt obligation by the borrower in respect of taxation years ending before that time, and (d) the amount of interest that would be deemed by subsection 18(9.2) to have been payable on the debt obligation by the borrower in respect of the year if the year had ended immediately before that time, (which excess is in this subsection referred to as the “excess amount”), the following rules apply: (e) for the purpose of applying section 79 in respect of the borrower, the principal amount at that time of the debt obligation shall be deemed to be equal to the amount, if any, by which (i) the principal amount at that time of the debt obligation (ii) the excess amount, and (f) the excess amount shall be deducted at that time in computing the forgiven amount in respect of the (9.4) Where an amount is paid at any time by a person or partnership in respect of a debt obligation of a borrower (a) as, on account of, in lieu of payment of or in satisfaction of, interest on the debt obligation in respect of a period or part thereof that is after 1991 and after that time, or (b) as consideration for a reduction in the rate of interest payable on the debt obligation (excluding, for greater certainty, a payment described in paragraph 18(9.1)(a) or 18(9.1)(b)) in respect of a period or part thereof that is after 1991 and after that time, that amount shall be deemed, for the purposes of subsection 18(9.5) and, subject to that subsection, for the purposes of clause 18(9.2)(a)(iii)(A), subparagraph 18(9.2)(b)(ii), paragraph 18(9.3)(b) and subsection 18(9.6), to be an amount of interest payable on the debt obligation by the borrower in respect of that period or part thereof and shall be deemed, for the purposes of subsection 18(9.2)(a)(ii) and paragraph 18(9.3)(a), to be an amount paid at that time in satisfaction of the obligation to pay interest on the debt obligation in respect of that period or part thereof. (9.5) Where the amount of interest payable on a debt obligation (determined without reference to subsection 18(9.2)) by a borrower in respect of a particular period or part thereof that is after 1991 can reasonably be regarded as an amount payable as consideration for (a) a reduction in the amount of interest that would otherwise be payable on the debt obligation in respect of a subsequent period, or (b) a reduction in the amount that was or may be paid before the beginning of a subsequent period in satisfaction of the obligation to pay interest on the debt obligation in respect of that subsequent period (determined without reference to the existence of, or the amount of any interest paid or payable on, any other debt obligation), that amount shall, for the purposes of clause 18(9.2)(a)(iii)(A), subparagraph 18(9.2)(b)(ii), paragraph 18(9.3)(b) and subsection 18(9.6), be deemed to be an amount of interest payable on the debt obligation by the borrower in respect of the subsequent period and not to be an amount of interest payable on the debt obligation by the borrower in respect of the particular period and shall, when paid, be deemed for the purposes of SUBDIVISION B Income or Loss from a Business or Property subparagraph 18(9.2)(a)(ii) and paragraph 18(9.3)(a) to be an amount paid in satisfaction of the obligation to pay interest on the debt obligation in respect of the subsequent period. (9.6) Where the liability in respect of a debt obligation of a person or partnership is assumed by a borrower at any time, (a) the amount of interest payable on the debt obligation (determined without reference to subsection 18(9.2)) by any person or partnership in respect of a period shall, to the extent that that period is included in a taxation year of the borrower ending after 1991, be deemed, for the purposes of clause 18(9.2)(a)(iii)(A), subparagraph 18(9.2)(b)(i) and paragraph 18(9.3)(b), to be an amount of interest payable on the debt obligation by the borrower in respect of that year, and (b) the application of subsections 18(9.2) and 18(9.3) to the borrower in respect of the debt obligation after that time shall be determined on the assumption that subsection 18(9.2) applied to the borrower in respect of the debt obligation before that time, and, for the purposes of this subsection, where the borrower came into existence at a particular time that is after the beginning of the particular period beginning at the beginning of the first period in respect of which interest was payable on the debt obligation by any person or partnership and ending at the particular time, the borrower shall be deemed (c) to have been in existence throughout the particular period, and (d) to have had, throughout the particular period, taxation years ending on the day of the year on which its first taxation year ended. (9.7) Where the amount paid by a borrower at any particular time, in satisfaction of the obligation to pay a particular amount of interest on a debt obligation in respect of a subsequent period or part thereof, exceeds the particular amount of that interest, discounted (a) for the particular period beginning at the particular time and ending at the end of the subsequent period or part thereof, and (b) at the rate or rates of interest applying under the debt obligation during the particular period (or, where the rate of interest of any part of the particular period SUBDIVISION B Income or Loss from a Business or Property is not fixed at the particular time, at the prescribed rate of interest in effect at the particular time), that excess shall (c) for the purposes of applying subsections 18(9.2) to 18(9.6) and 18(9.8), be deemed to be neither an amount of interest payable on the debt obligation nor an amount paid in satisfaction of the obligation to pay interest on the debt obligation, and (9.8) Nothing in any of subsections 18(9.2) to 18(9.7) shall be construed as providing that (a) the total of all amounts each of which is the amount of interest payable on a debt obligation by an individual (other than a trust), or deemed by subsection 18(9.2) to be payable on the debt obligation by a corporation, partnership or trust, in respect of a taxation year ending after 1991 and before any particular time, may exceed (b) the total of all amounts each of which is the amount of interest payable on the debt obligation (determined without reference to subsection 18(9.2)) by a person or partnership in respect of a taxation year ending after 1991 and before that particular time. Employee benefit plan
Pour l’application des paragraphes 88(1.1) et 111(5), l’entreprise d’un contribuable qui est un projet comportant un risque ou une affaire de caractère commercial à un moment donné est réputée être une entreprise que le contribuable exploite à ce moment. Suppression d’un bien de l’inventaire
Paragraph 18(1)(o) does not apply in respect of a contribution to an employee benefit plan made (a) to the extent that the contribution (i) is made in respect of services performed by an employee who is not resident in Canada and is regularly employed in a country other than Canada, and (ii) cannot reasonably be regarded as having been made in respect of services performed or to be performed during a period when the employee is resident in Canada; (b) the custodian of which is non-resident, to the extent that the contribution (i) is in respect of an employee who is non-resident at the time the contribution is made, and (ii) cannot reasonably be regarded as having been made in respect of services performed or to be performed during a period when the employee is resident in Canada; or (c) the custodian of which is non-resident, to the extent that the contribution can reasonably be regarded as having been made in respect of services performed by an employee in a particular calendar month where (i) the employee was resident in Canada throughout no more than 60 of the 72 calendar months ending with the particular month, and (ii) the employee became a member of the plan before the end of the month following the month in which the employee became resident in Canada, and for the purpose of this paragraph, where benefits provided to an employee under a particular employee benefit plan are replaced by benefits provided under another employee benefit plan, the other plan shall be deemed, in respect of the employee, to be the same plan as the particular plan.
Le contribuable non-résident qui, à un moment donné, cesse d’utiliser, dans le cadre d’une entreprise ou d’une partie d’entreprise qu’il exploitait au Canada immédiatement avant ce moment, un bien qui figurait à l’inventaire de l’entreprise ou de la partie d’entreprise, selon le cas, immédiatement avant ce moment (sauf un bien dont il a disposé à ce moment) est réputé : a) d’une part, avoir disposé du bien immédiatement avant ce moment pour un produit de disposition égal à sa juste valeur marchande à ce moment; b) d’autre part, avoir reçu ce produit immédiatement avant ce moment dans le cadre de l’exploitation de l’entreprise ou de la partie d’entreprise, selon le cas. Ajout d’un bien à l’inventaire
Notwithstanding any other provision of this Act, in computing the income of a taxpayer for a taxation year, no amount is deductible under paragraph 20(1)(c), 20(1)(d), 20(1)(e), 20(1)(e.1) or 20(1)(f) in respect of borrowed money (or other property acquired by the taxpayer) in respect of any period after which the money (or other property) is used by the taxpayer for the purpose of (a) making a payment after November 12, 1981 as consideration for an income-averaging annuity contract, unless the contract was acquired pursuant to an agreement in writing entered into before November 13, 1981; (b) paying a premium (within the meaning assigned by subsection 146(1) without reference to the portion of the definition premium in that subsection following paragraph (b) of that definition) under a registered retirement savings plan after November 12, 1981; (c) making a contribution to a deferred profit sharing plan, a pooled registered pension plan or a registered pension plan, other than (i) a contribution described in subparagraph 8(1)(m)(ii) or 8(1)(m)(iii) (as they read in their application to the 1990 taxation year) that was required to be made pursuant to an obligation entered into before November 13, 1981, or (ii) a contribution deductible under paragraph 20(1)(q) or 20(1)(y) in computing the taxpayer's income; (d) making a payment as consideration for an annuity the payment for which was deductible in computing the taxpayer's income by virtue of paragraph 60(l); (e) making a contribution to a retirement compensation arrangement where the contribution was deductible under paragraph 8(1)(m.2) in computing the taxpayer's income; (h) making a contribution into a registered education savings plan; and, for the purposes of this subsection, to the extent that the indebtedness is incurred by a taxpayer in respect of a property and at any time that property or a property substituted therefor is used for any of the purposes referred to in this subsection, the indebtedness shall be deemed to be incurred at that time for that purpose. Work space in home
Le bien qui commence, à un moment donné, à figurer à l’inventaire d’une entreprise ou d’une partie d’entreprise qu’un contribuable non-résident exploite au Canada après ce moment (sauf un bien que le contribuable a acquis à ce moment autrement que par l’effet du présent paragraphe) est réputé avoir été acquis par le contribuable à ce moment à un coût égal à sa juste valeur marchande à ce moment. Income Tax PART I Income Tax DIVISION B Computation of Income
Notwithstanding any other provision of this Act, in computing an individual's income from a business for a taxation year, (a) no amount shall be deducted in respect of an otherwise deductible amount for any part (in this subsection referred to as the "work space") of a self-contained domestic establishment in which the individual resides, except to the extent that the work space is either (i) the individual's principal place of business, or (ii) used exclusively for the purpose of earning income from the business and used on a regular and continuous basis for meeting clients, customers or patients of the individual in respect of the business; (b) if the conditions set out in subparagraph (a)(i) or (ii) are met, the amount for the work space that is deductible in computing the individual’s income for the year from the business shall not exceed the individual’s income for the year from the business, computed without reference to the amount and section 34.1; and (c) any amount not deductible by reason only of paragraph 18(12)(b) in computing the individual’s income from the business for the immediately preceding taxation year shall be deemed to be an amount otherwise deductible that, subject to paragraphs 18(12)(a) and 18(12)(b), may be deducted for the year for the work space in respect of the business. (a) a taxpayer (in this subsection and subsection (15) referred to as the “transferor”) disposes of a particular property (other than, for the purposes of computing the exempt surplus or exempt deficit and taxable surplus or taxable deficit of a foreign affiliate of a taxpayer, in respect of the taxpayer, where the transferor were a foreign affiliate of the taxpayer, excluded property (within the meaning assigned by subsection 95(1)) of the transferor); (b) the disposition is not described in any of paragraphs (c) to (g) of the definition superficial loss in section 54; (c) the transferor is not an insurer; (d) the ordinary business of the transferor includes the lending of money and the particular property was used or held in the ordinary course of that business; (e) the particular property is a share, or a loan, bond, debenture, mortgage, hypothecary claim, note, agreement for sale or any other indebtedness; (f) the particular property was, immediately before the disposition, not a capital property of the transferor; (g) during the period that begins 30 days before and ends 30 days after the disposition, the transferor or a person affiliated with the transferor acquires a property (in this subsection and subsection 18(15) referred to as the “substituted property”) that is, or is identical to, the particular property; and SUBDIVISION B Income or Loss from a Business or Property (h) at the end of the period, the transferor or a person affiliated with the transferor owns the substituted property. (a) a person (in this subsection and subsection 18(15) referred to as the “transferor”) disposes of a particular property; (b) the particular property is described in an inventory of a business that is an adventure or concern in the nature of trade; (c) the disposition is not a disposition that is deemed to have occurred by subsection 10.1(6) or (7), section 70, subsection 104(4), section 128.1, paragraph 132.2(3)(a) or (c) or subsection 138(11.3) or 138(24) or 149(10); (d) during the period that begins 30 days before and ends 30 days after the disposition, the transferor or a person affiliated with the transferor acquires property (in this subsection and subsection 18(15) referred to as the “substituted property”) that is, or is identical to, the particular property; and (e) at the end of the period, the transferor or a person affiliated with the transferor owns the substituted property. (a) the transferor’s loss, if any, from the disposition is deemed to be nil, and (b) the amount of the transferor’s loss, if any, from the disposition (determined without reference to this subsection) is deemed to be a loss of the transferor from a disposition of the particular property at the first time, after the disposition, (i) at which a 30-day period begins throughout which neither the transferor nor a person affiliated with the transferor owns (A) the substituted property, or (B) a property that is identical to the substituted property and that was acquired after the day that is 31 days before the period begins, (ii) at which the substituted property would, if it were owned by the transferor, be deemed by section 128.1 or subsection 149(10) to have been disposed of by the transferor, (iii) that is immediately before the transferor is subject to a loss restriction event, or (iv) if the transferor is a corporation, (A) for the purposes of computing the transferor's foreign accrual property income, exempt surplus or exempt deficit, and taxable surplus or taxable deficit, in respect of a taxpayer for a taxation year of the transferor where the transferor is a foreign affiliate of the taxpayer, at which the liquidation and dissolution of the transferor begins, unless the liquidation and dissolution is (I) a qualifying liquidation and dissolution (within the meaning assigned by subsection 88(3.1)) of the transferor, or (II) a designated liquidation and dissolution (within the meaning assigned by subsection 95(1)) of the transferor, and (B) for any other purposes, at which the winding-up (other than a winding-up to which subsection 88(1) applies) of the transferor begins, and for the purpose of paragraph 18(15)(b), where a partnership otherwise ceases to exist at any time after the disposition, the partnership is deemed not to have ceased to exist, and each person who was a member of the partnership immediately before the partnership would, but for this subsection, have ceased to exist is deemed to remain a member of the partnership, until the time that is immediately after the first time described in subparagraphs 18(15)(b)(i) to (iv). Deemed identical property
For the purposes of subsections (13), (14) and (15), a right to acquire a property (other than a right, as security only, derived from a mortgage, hypothec, agreement for sale or similar obligation) is deemed to be a property that is identical to the property.
[Repealed, 2017, c. 33, s. 2] (14.1) [Repealed, 2017, c. 33, s. 2] [R.S., 1985, c. 1 (5th Supp.), s. 10; 1994, c. 7, Sch. II, s. 6; 1998, c. 19, s. 70; 2001, c. 17, s. 4; 2013, c. 40, s. 52; 2016, c. 12, s. 2; 2017, c. 33, s. 2.] Application Impôt sur le revenu
The following definitions apply in this subsection and subsections (18) to (23). offsetting position, in respect of a particular position of a person or partnership (in this definition referred to as the “holder”), means one or more positions that (a) are held by (ii) a person or partnership that does not deal at arm’s length with, or is affiliated with, the holder (in this subsection and subsections (20), (22) and (23) referred to as the “connected person”), or (iii) for greater certainty, by any combination of the holder and one or more connected persons; (b) have the effect, or would have the effect if each of the positions held by a connected person were held by the holder, of eliminating all or substantially all of the holder’s risk of loss and opportunity for gain or profit in respect of the particular position; and (c) if held by a connected person, can reasonably be considered to have been held with the purpose of obtaining the effect described in paragraph (b). (position compensatoire) position, of a person or partnership, means one or more properties, obligations or liabilities of the person or partnership, if (a) each property, obligation or liability is (i) a share in the capital stock of a corporation, (ii) an interest in a partnership, (iii) an interest in a trust, (vi) a swap agreement, a forward purchase or sale agreement, a forward rate agreement, a futures agreement, an option agreement or a similar agreement, (vii) a debt owed to or owing by the person or partnership that, at any time, (A) is denominated in a foreign currency, (B) would be described in paragraph 7000(1)(d) of the Income Tax Regulations if that paragraph were read without reference to the words “other than one described in paragraph (a), (b) or (c)”, or SUBDIVISION B Income or Loss from a Business or Property (C) is convertible into or exchangeable for an interest, or for civil law a right, in any property that is described in any of subparagraphs (i) to (iv), (viii) an obligation to transfer or return to another person or partnership a property identical to a particular property described in any of subparagraphs (i) to (vii) that was previously transferred or lent to the person or partnership by that other person or partnership, or (ix) an interest, or for civil law a right, in any property that is described in any of subparagraphs (i) to (vii); and (b) it is reasonable to conclude that, if there is more than one property, obligation or liability, each is held in connection with each other. (position) successor position, in respect of a position (in this definition referred to as the “initial position”), means a particular position if (a) the particular position is an offsetting position in respect of a second position; (b) the second position was an offsetting position in respect of the initial position that was disposed of at a particular time; and (c) the particular position was entered into during the period that begins 30 days before, and ends 30 days after, the particular time. (position remplaçante) unrecognized loss, in respect of a position of a person or partnership at a particular time in a taxation year, means the loss, if any, that would be deductible in computing the income of the person or partnership for the year with respect to the position if it were disposed of immediately before the particular time at its fair market value at the time of disposition. (perte non constatée) unrecognized profit, in respect of a position of a person or partnership at a particular time in a taxation year, means the profit, if any, that would be included in computing the income of the person or partnership for the year with respect to the position if it were disposed of immediately before the particular time at its fair market value at the time of disposition. (bénéfice non constaté) SUBDIVISION B Income or Loss from a Business or Property
Subject to subsection (20), subsection (19) applies in respect of a disposition of a particular position by a person or partnership (in this subsection and subsections (19), (20) and (22) referred to as the “transferor”), if (a) the disposition is not a disposition that is deemed to have occurred by section 70, subsection 104(4), section 128.1 or subsection 138(11.3) or 149(10); (b) the transferor is not a financial institution (as defined in subsection 142.2(1)), a mutual fund corporation or a mutual fund trust; and (c) the particular position was, immediately before the disposition, not a capital property, or an obligation or liability on account of capital, of the transferor.
If this subsection applies in respect of a disposition of a particular position by a transferor, the portion of the transferor's loss, if any, from the disposition of the particular position that is deductible in computing the transferor's income for a particular taxation year is the amount determined by the formula (a) if the particular taxation year is the taxation year in which the disposition occurs, the amount of the loss determined without reference to this subsection (which is, for greater certainty, subject to subsection (15)), and (b) in any other taxation year, nil; (a) if the disposition occurred in a preceding taxation year, the amount determined for C in respect of the disposition for the immediately preceding taxation year, and (b) in any other case, nil; and C is the lesser of (a) the amount determined for A for the taxation year in which the disposition occurs, and (b) the amount determined by the formula D is the total of all amounts each of which is the amount of unrecognized profit at the end of the particular taxation year in respect of (ii) positions that are offsetting positions in respect of the particular position (or would be, to the extent that there is no successor position in respect of the particular position, if the particular position continued to be held by the transferor), (iii) successor positions in respect of the particular position (for this purpose, a successor position in respect of a position includes a successor position that is in respect of a successor position in respect of the position), and (iv) positions that are offsetting positions in respect of any successor position referred to in subparagraph (iii) (or would be, if any such successor position continued to be held by the holder), E is the total of all amounts each of which is the amount of unrecognized loss at the end of the particular taxation year in respect of positions referred to in subparagraphs (i) to (iv) of the description of D, and F is the total of all amounts each of which is an amount determined by the formula G is the amount determined for A for the taxation year in which the disposition occurs in respect of any position that was disposed of prior to the disposition of the particular position, if (i) the particular position was a successor position in respect of that position (for this purpose, a successor position in respect of a position includes a successor position that is in respect of a successor position in respect of the position), and (ii) that position was (A) an offsetting position in respect of the particular position, (B) an offsetting position in respect of a position in respect of which the particular position was a successor position (for this purpose, a successor position in respect of a position includes a successor position that is in respect of a successor position in respect of the position), or (C) the particular position, and H is the total of all amounts each of which is, in respect of a position described in G, an amount determined under the first formula in this subsection for the particular taxation year or a preceding taxation year.
Subsection (19) does not apply in respect of a particular position of a transferor if (a) it is the case that (i) either the particular position, or the offsetting position in respect of the particular position, consists of (A) commodities that the holder of the position manufactures, produces, grows, extracts or processes, or (B) debt that the holder of the position incurs in the course of a business that consists of one or any combination of the activities described in clause (A), and (ii) it can reasonably be considered that the position not described in subparagraph (i) — the particular position if the offsetting position is described in subparagraph (i) or the offsetting position if the particular position is described in that subparagraph — is held to reduce the risk, with respect to the position described in subparagraph (i), from (A) in the case of a position described in clause (i)(A), price changes or fluctuations in the value of currency with respect to the goods described in clause (i)(A), or (B) in the case of a position described in clause (i)(B), fluctuations in interest rates or in the value of currency with respect to the debt described in clause (i)(B); (b) the transferor or a connected person (in this paragraph referred to as the “holder”) continues to hold a position — that would be an offsetting position in respect of the particular position if the particular position continued to be held by the transferor — throughout a 30-day period beginning on the date of disposition of the particular position, and at no time during that period (i) is the holder’s risk of loss or opportunity for gain or profit with respect to the position reduced in any material respect by another position entered into or disposed of by the holder, or (ii) would the holder’s risk of loss or opportunity for gain or profit with respect to the position be reduced in any material respect by another position entered into or disposed of by a connected person, if the other position were entered into or disposed of by the holder; or (c) it can reasonably be considered that none of the main purposes of the series of transactions or events, or any of the transactions or events in the series, of which the holding of both the particular position and offsetting position are part, is to avoid, reduce or defer tax that would otherwise be payable under this Act. (a) if a position of a person or partnership is not a property of the person or partnership, the person or partnership is deemed SUBDIVISION B Income or Loss from a Business or Property (i) to hold the position at any time while it is a position of the person or partnership, and (ii) to have disposed of the position when the position is settled or extinguished in respect of the person or partnership; (b) a disposition of a position is deemed to include a disposition of a portion of the position; (c) a position held by one or more persons or partnerships referred to in paragraph (a) of the definition offsetting position in subsection (17) is deemed to be an offsetting position in respect of a particular position of a person or partnership if (i) there is a high degree of negative correlation between changes in value of the position and the particular position, and (ii) it can reasonably be considered that the principal purpose of the series of transactions or events, or any of the transactions in the series, of which the holding of both the position and the particular position are part, is to avoid, reduce or defer tax that would otherwise be payable under this Act; and (d) one or more positions held by one or more persons or partnerships referred to in paragraph (a) of the definition offsetting position in subsection (17) are deemed to be a successor position in respect of a particular position of a person or partnership if (i) a portion of the particular position was disposed of at a particular time, (ii) the position is, or the positions include, as the case may be, a position that consists of the portion of the particular position that was not disposed of (in this paragraph referred to as the “remaining portion of the particular position”), (iii) where there is more than one position, the position or positions that do not consist of the remaining portion of the particular position were entered into during the period that begins 30 days before, and ends 30 days after, the particular time, (iv) the position is, or the positions taken together would be, as the case may be, an offsetting position in respect of a second position (within the meaning of the definition successor position in subsection (17)), (v) the second position was an offsetting position in respect of the particular position, and SUBDIVISION B Income or Loss from a Business or Property (vi) it can reasonably be considered that the principal purpose of the series of transactions or events, or any of the transactions in the series, of which the disposition of a portion of the particular position and the holding of one or more positions are part, is to avoid, reduce or defer tax that would otherwise be payable under this Act. Different taxation years (a) at any time in a particular taxation year of a transferor, a position referred to in any of subparagraphs (ii) to (iv) of the description of D in subsection (19) (in this subsection and subsection (23) referred to as the “gain position”) is held by a connected person; (b) the connected person disposes of the gain position in the particular taxation year; and (c) the taxation year of the connected person in which the disposition referred to in paragraph (b) occurs ends after the end of the particular taxation year. Different taxation years
If this subsection applies, for the purposes of the definition unrecognized profit in subsection (17) and subsection (19), the portion of the profit, if any, realized from the disposition of the gain position referred to in paragraph (22)(b) that is determined by the following formula is deemed to be unrecognized profit in respect of the gain position until the end of the taxation year of the connected person in which the disposition occurs: A is the amount of the profit otherwise determined; B is the number of days in the taxation year of the connected person in which the disposition referred to in paragraph (22)(b) occurs that are after the end of the particular taxation year; and SUBDIVISION B Income or Loss from a Business or Property c is the total number of days in the taxation year of the connected person in which the disposition referred to in paragraph (22)(b) occurs.
[Abrogé, 2017, ch. 33, art. 2] (14.1) [Abrogé, 2017, ch. 33, art. 2] Produits dérivés
matchable expenditure of a taxpayer means the amount of an expenditure that is made by the taxpayer to (a) acquire a right to receive production, (b) fulfil a covenant or obligation arising in circumstances in which it is reasonable to conclude that a relationship exists between the covenant or obligation and the right to receive production, or (c) preserve or protect a right to receive production, but does not include an amount for which a deduction is provided under section 20 in computing the taxpayer’s income. (dépense à rattacher) right to receive production means a right under which a taxpayer is entitled, either immediately or in the future and either absolutely or contingently, to receive an amount all or a portion of which is computed by reference to use of property, production, revenue, profit, cash flow, commodity price, cost or value of property or any other similar criterion or by reference to dividends paid or payable to shareholders of any class of shares where the amount is in respect of another taxpayer’s activity, property or business but such a right does not include an income interest in a trust, a Canadian resource property or a foreign resource property. (droit aux produits) tax benefit means a reduction, avoidance or deferral of tax or other amount payable under this Act or an increase in a refund of tax or other amount under this Act. (avantage fiscal) tax shelter means a property that would be a tax shelter (as defined in subsection 237.1(1)) if (a) the cost of a right to receive production were the total of all amounts each of which is a matchable expenditure to which the right relates; and SUBDIVISION B Income or Loss from a Business or Property (b) subsections 18.1(2) to 18.1(13) did not apply for the purpose of computing an amount, or in the case of a partnership a loss, represented to be deductible. taxpayer includes a partnership. (contribuable)
Pour l’application du présent article, un bien d’un contribuable qui est un contrat d’échange, un contrat d’achat ou de vente à terme, un contrat de garantie de taux d’intérêt, un contrat à terme normalisé, un contrat d’option ou un contrat semblable est réputé ne pas figurer à l’inventaire du contribuable. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] [L.R. (1985), ch. 1 (5e suppl.), art. 10; 1994, ch. 7, ann. II, art. 6; 1998, ch. 19, art. 70; 2001, ch. 17, art. 4; 2013, ch. 40, art. 52; 2016, ch. 12, art. 2; 2017, ch. 33, art. 2.] Évaluation à la valeur du marché — choix
In computing a taxpayer’s income from a business or property for a taxation year, no amount of a matchable expenditure may be deducted except as provided by subsection 18.1(3).
Révocation
If a taxpayer’s matchable expenditure would, but for subsection 18.1(2) and this subsection, be deductible in computing the taxpayer’s income, there may be deducted in respect of the matchable expenditure in computing the taxpayer’s income for a taxation year the amount that is determined under subsection 18.1(4) for the year in respect of the expenditure. Amount of deduction
Le ministre peut, sur demande d’un contribuable présentée sur le formulaire prescrit, permettre au contribuable de révoquer le choix qu’il a fait en vertu du paragraphe (1). La révocation s’applique à chacune des années d’imposition du contribuable qui commencent après la date à laquelle il est avisé par écrit que le ministre a donné son accord à la révocation aux conditions précisées par ce dernier. Choix subséquent
For the purpose of subsection 18.1(3), the amount determined under this subsection for a taxation year in respect of a taxpayer’s matchable expenditure is the amount, if any, that is the least of (B) the amount determined by the formula A is the number of months that are in the year and after the day on which the right to receive production to which the matchable expenditure relates is acquired, B is the lesser of 240 and the number of months that are in the period that begins on the day on which the right to receive production to which the matchable expenditure relates is acquired and that ends on the day the right is to terminate, and C is the amount of the matchable expenditure, and (ii) the amount, if any, by which the amount determined under this paragraph for the taxation year exceeds the total of all amounts determined under this paragraph for preceding taxation years, and (b) the amount, if any, by which the amount determined under this paragraph for the taxation year exceeds the total of all amounts determined under this paragraph for preceding taxation years. (ii) the amount, if any, by which the amount determined under this paragraph for the preceding taxation year in respect of the matchable expenditure exceeds the amount of the matchable expenditure deductible in computing the taxpayer’s income for that preceding year, (i) all amounts each of which is included in computing the taxpayer’s income for the year (other than any portion of such amount that is the subject of a reserve claimed by the taxpayer for the year under this Act) in respect of the right to receive production to which the matchable expenditure relates, and (ii) the amount by which the amount determined under this paragraph for the preceding taxation year in respect of the matchable expenditure exceeds the amount of the matchable expenditure deductible in computing the taxpayer’s income for that preceding year, and (c) the amount, if any, by which (i) the total of all amounts each of which is an amount of the matchable expenditure that would, but for this section, have been deductible in computing the taxpayer’s income for the year or a preceding taxation year (ii) the total of all amounts each of which is an amount of the matchable expenditure deductible under subsection 18.1(3) in computing the taxpayer’s income for a preceding taxation year. Special rules
Malgré le paragraphe (1), si un contribuable qui a révoqué, en vertu du paragraphe (2), un choix fait un choix subséquent en vertu du paragraphe (1), le paragraphe (4) s’applique au contribuable relativement à chaque année d’imposition qui commence après la date où le formulaire prescrit concernant le choix subséquent. Application
For the purpose of this section, (a) where a taxpayer’s matchable expenditure is made before the day on which the related right to receive production is acquired by the taxpayer, the expenditure is deemed to have been made on that day; (b) where a taxpayer has one or more rights to renew a particular right to receive production to which a matchable expenditure relates for one or more additional terms, after the term that includes the time at which the particular right was acquired, the particular right is deemed to terminate on the latest day on which the latest possible such term could terminate if all rights to renew the particular right were exercised; (c) where a taxpayer has 2 or more rights to receive production that can reasonably be considered to be related to each other, the rights are deemed to be one right; and (d) where the term of a taxpayer’s right to receive production is for an indeterminate period, the right is deemed to terminate 240 months after it is acquired. Proceeds of disposition considered income
Si le présent paragraphe s’applique à un contribuable relativement à une année d’imposition : a) si le contribuable est une institution financière (au sens du paragraphe 142.2(1)) au cours de l’année, chaque produit dérivé admissible détenu par lui à un moment donné de l’année est, pour l’application des dispositions de la présente loi et compte tenu des modifications nécessaires, réputé être un bien évalué à Definition of eligible derivative (b) either Deemed disposition la valeur du marché (au sens du paragraphe 142.2(1)) du contribuable pour l’année; b) sinon, le paragraphe (6) s’applique au contribuable relativement à chaque produit dérivé admissible détenu par lui à la fin de l’année. Définition de produit dérivé admissible
Where in a taxation year a taxpayer disposes of all or part of a right to receive production to which a matchable expenditure relates, the proceeds of the disposition shall be included in computing the taxpayer’s income for the year.
Pour l’application du présent article, est un produit dérivé admissible, relativement à un contribuable pour une année d’imposition, le contrat d’échange, contrat d’achat ou de vente à terme, contrat de garantie de taux d’intérêt, contrat à terme normalisé, contrat d’option ou autre contrat semblable, qui est détenu par le contribuable à un moment donné au cours de l’année d’imposition et à l’égard duquel les énoncés ci-après s’appliquent: a) le contrat n’est ni une immobilisation, ni un avoir minier canadien, ni un avoir minier étranger, ni une obligation à titre de capital du contribuable; b) l’un ou l’autre des énoncés ci-après se vérifie : (i) le contribuable a produit un état financier vérifié établi conformément aux principes comptables généralement reconnus relativement à l’année, (ii) si le contribuable n’a pas produit d’état financier vérifié visé au sous-alinéa (i), le contrat a une juste valeur marchande qui est facilement vérifiable; c) si le contrat est détenu par une institution financière (au sens du paragraphe 142.2(1)), il n’est pas un bien à évaluer (au sens de ce paragraphe) de celle-ci, sauf s’il est un bien exclu (au sens de ce paragraphe) de celle-ci. Présomption de disposition
Subject to subsections 18.1(8) to 18.1(10), where in a taxation year a taxpayer disposes (otherwise than in a disposition to which subsection 87(1) or 88(1) applies) of all of the taxpayer’s right to receive production to which a matchable expenditure (other than an expenditure no portion of which would, if this section were read without reference to this subsection, be deductible under subsection 18.1(3) in computing the taxpayer’s income) relates, and the taxpayer’s right expires, the amount deductible in respect of the expenditure under subsection 18.1(3) in computing the taxpayer’s income for the year is deemed to be the amount, if any, determined under paragraph 18.1(4)(c) for the year in respect of the expenditure. (a) a taxpayer’s particular right to receive production to which a matchable expenditure (other than an expenditure no portion of which would, if this section were read without reference to subsections 18.1(7) and 18.1(10), be deductible under subsection 18.1(3) in computing the taxpayer’s income) relates has expired or the taxpayer has disposed of all of the right (otherwise than in a disposition to which subsection 87(1) or 88(1) applies); (b) during the period that begins 30 days before and ends 30 days after the disposition or expiry, the taxpayer or a person affiliated, or who does not deal at arm’s length, with the taxpayer acquires a right to receive production (in this subsection and subsection 18.1(10) referred to as the “substituted property”) that is, or is identical to, the particular right; and SUBDIVISION B Income or Loss from a Business or Property (c) at the end of the period, the taxpayer or a person affiliated, or who does not deal at arm’s length, with the taxpayer owns the substituted property. (a) a taxpayer’s particular right to receive production to which a matchable expenditure (other than an expenditure no portion of which would, if this section were read without reference to subsections 18.1(7) and 18.1(10), be deductible under subsection 18.1(3) in computing the taxpayer’s income) all relates has expired or the taxpayer has disposed of all of the right (other than in a disposition to which subsection 87(1) or 88(1) applies); and (b) during the period that begins at the time of the disposition or expiry and ends 30 days after that time, a taxpayer had an interest, directly or indirectly, in another right to receive production, which other interest is a tax shelter or a tax shelter investment (as defined by section 143.2).
Si le présent paragraphe s’applique à un contribuable relativement à chaque produit dérivé admissible détenu par lui à la fin d’une année d’imposition, le contribuable est réputé, relativement à chacun de ces produits détenus par lui à la fin de l’année, à la fois : a) en avoir disposé immédiatement avant la fin de l’année et avoir reçu ou versé un montant, selon le cas, égal à sa juste valeur marchande au moment de la disposition; b) l’avoir acquis de nouveau, ou émis de nouveau ou renouvelé, à la fin de l’année pour un montant égal au produit ou au versement, selon le cas, déterminé selon l’alinéa a). Interpretation Proprietor of business [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 11; 1994, c. 21, s. 5; 1996, c. 21, s. 8; 2013, c. 40, s. 3. Inclusions Income inclusions Services, etc., to be rendered Interest (e) any amount Sommes à recevoir b) les sommes à recevoir par le contribuable au titre de la vente de biens ou de la fourniture de services au cours de l’année, dans le cours des activités d’une entreprise, même si les sommes, en tout ou en partie, ne sont dues qu’au cours d’une année postérieure, sauf dans le cas où la méthode adoptée par le contribuable pour le calcul du revenu tiré de son entreprise et acceptée pour l’application de la présente partie ne l’oblige pas à inclure dans le calcul de son revenu pour une année d’imposition les sommes à recevoir qui n’ont pas été effectivement reçues au cours de l’année; pour l’application du présent alinéa, une somme est réputée à recevoir pour services rendus dans le cours des activités de l’entreprise à compter du premier de ces jours suivants : (i) le jour où a été remis le compte à l’égard des services, (ii) le jour où aurait été remis ce compte si la remise n’avait pas subi un retard indu; Intérêts c) sous réserve des paragraphes (3) et (4.1), les sommes reçues ou à recevoir par le contribuable au cours de l’année (selon la méthode qu’il suit normalement pour le calcul de son revenu) à titre de paiement intégral ou partiel d’intérêts, dans la mesure où ces intérêts n’ont pas été inclus dans le calcul de son revenu pour une année d’imposition antérieure; Provision pour créances douteuses d) les sommes déduites à titre de provision en application de l’alinéa 20(1)l) dans le calcul du revenu du contribuable pour l’année d’imposition précédente; Provision pour garanties
Where this subsection applies because of subsection 18.1(8) or 18.1(9) to a disposition or expiry in a taxation year or a preceding taxation year of a taxpayer’s right to receive production to which a matchable expenditure relates, (a) the amount deductible under subsection 18.1(3) in respect of the expenditure in computing the taxpayer’s income for a taxation year that ends at or after the disposition or expiry of the right is the least of the amounts determined under subsection 18.1(4) for the year in respect of the expenditure; and (b) the least of the amounts determined under subsection 18.1(4) in respect of the expenditure for a taxation year is deemed to be the amount, if any, determined under paragraph 18.1(4)(c) in respect of the expenditure for the year where the year includes the time that is immediately before the first time, after the disposition or expiry, (i) at which the right would, if it were owned by the taxpayer, be deemed by section 128.1 or subsection 149(10) to have been disposed of by the taxpayer, (ii) that is immediately before the taxpayer is subject to a loss restriction event, SUBDIVISION B Income or Loss from a Business or Property (iii) at which winding-up of the taxpayer begins (other than a winding-up to which subsection 88(1) applies), if the taxpayer is a corporation, (iv) if subsection 18.1(8) applies, at which a 30-day period begins throughout which neither the taxpayer nor a person affiliated, or who does not deal at arm’s length, with the taxpayer owns (A) the substituted property, or (B) a property that is identical to the substituted property and that was acquired after the day that is 31 days before the period began, or (v) if subsection 18.1(9) applies, at which a 30-day period begins throughout which no taxpayer who had an interest, directly or indirectly, in the right has an interest, directly or indirectly, in another right to receive production if one or more of those direct or indirect interests in the other right is a tax shelter or tax shelter investment (as defined by section 143.2). Partnerships
d.1) les sommes déduites à titre de provision en application de l’alinéa 20(1)l.1) dans le calcul du revenu du contribuable pour l’année d’imposition précédente;
For the purpose of paragraph 18.1(10)(b), where a partnership otherwise ceases to exist at any time after a disposition or expiry referred to in subsection 18.1(10), the partnership is deemed not to have ceased to exist, and each taxpayer who was a member of the partnership immediately before the partnership would, but for this subsection, have ceased to exist is deemed to remain a member of the partnership until the time that is immediately after the first of the times described in subparagraphs 18.1(10)(b)(i) to 18.1(10)(b)(v).
d.2) les sommes déduites à titre de provision en application de l’alinéa 20(1)l.3) dans le calcul du revenu du contribuable pour l’année d’imposition précédente; Provision relative à certaines marchandises et à certains services e) les sommes qui ont été dans le calcul du revenu tiré d’une entreprise par le contribuable pour l’année précédente : (ii) deducted under paragraph 20(1)(n), A × B/C where A B C A × B/C − D where A B C D A × B/C where A représente la moitié de la somme ainsi reçue; B le montant déduit en application du paragraphe 20(4.2) au titre de la créance; C le total du montant ainsi déduit en application du paragraphe 20(4.2) et du montant réputé par ce paragraphe ou le paragraphe 20(4.3) être une perte en capital admissible au titre de la créance; Dividendes de sociétés résidant au Canada j) tout montant de dividende relatif à une action du capital-actions d’une société résidant au Canada et qui est à inclure, en application de la sous-section H, dans le calcul du revenu du contribuable pour l’année; Sociétés, fiducies et entités de placement étrangères k) les sommes qui, en application de la sous-section I, dans le calcul du revenu du contribuable pour l’année; Revenus des sociétés de personnes l) les sommes qui constituent, selon la sous-section J, un revenu tiré d’une entreprise ou d’un bien par le contribuable pour l’année; Société de personnes — réintégration de la déduction pour intérêts
For the purposes of subsections (8) and (10), a right to acquire a particular right to receive production (other than a right, as security only, derived from a mortgage, hypothec, agreement of sale or similar obligation) is deemed to be a right to receive production that is identical to the particular right.
l.1) le total des sommes dont chacune représente la somme, déterminée relativement à une société de personnes, obtenue par la formule suivante : A × B/C − D où : A représente le total des sommes dont chacune représente un montant d’intérêts qui : (i) d’une part, est déductible par la société de personnes, (ii) d’autre part, est, selon la méthode habituellement utilisée par le contribuable pour le calcul de son revenu, payé par la société de personnes au cours de l’année d’imposition du contribuable, ou payable par elle relativement à cette année, sur un montant de dette inclus dans les dettes impayées envers des non-résidents déterminés, au sens du paragraphe 18(5), B la somme déterminée selon l’alinéa 18(4)a) relativement au contribuable pour l’année, Income Tax PART I Income Tax DIVISION B Computation of Income
For the purpose of applying section 143.2 to an amount that would, if this section were read without reference to this subsection, be a matchable expenditure any portion of the cost of which is deductible under subsection 18.1(3), the expenditure is deemed to be a tax shelter. SUBDIVISION B Income or Loss from a Business or Property
A × B where B is (i) an employees profit sharing plan, or (ii) an employee trust Impôt sur le revenu
Where the rate of return on a taxpayer’s right to receive production to which a matchable expenditure (other than an expenditure no portion of which would, if this section were read without reference to this subsection, be deductible under subsection 18.1(3) in computing the taxpayer’s income) relates is reasonably certain at the time the taxpayer acquires the right, (a) the right is, for the purposes of subsection 12(9) and Part LXX of the Income Tax Regulations, deemed to be a debt obligation in respect of which no interest is stipulated to be payable in respect of its principal amount and the obligation is deemed to be satisfied at the time the right terminates for an amount equal to the total of the return on the obligation and the amount that would otherwise be the matchable expenditure that is related to the right; and (b) notwithstanding subsection 18.1(3), no amount may be deducted in computing the taxpayer’s income in respect of any matchable expenditure that relates to the right. Non-application — risks ceded between insurers (a) the expenditure is in respect of commissions, or other expenses, related to the issuance of an insurance policy for which all or a portion of a risk has been ceded to the taxpayer; and (b) the taxpayer and the person to whom the expenditure is made, or is to be made, are both insurers who are subject to the supervision of (i) the Superintendent of Financial Institutions, if the taxpayer or that person, as the case may be, is an insurer who is required by law to report to the Superintendent of Financial Institutions, or (ii) the Superintendent of Insurance, or other similar officer or authority, of the province under whose laws the insurer is incorporated, in any other case. Non-application — no rights, tax benefits or shelters SUBDIVISION b Income or Loss from a Business or Property (a) no portion of the matchable expenditure can reasonably be considered to have been paid to another taxpayer, or to a person or partnership with whom the other taxpayer does not deal at arm’s length, to acquire the right from the other taxpayer; (b) no portion of the matchable expenditure can reasonably be considered to relate to a tax shelter or a tax shelter investment (within the meaning assigned by subsection 143.2(1)); and (c) none of the main purposes for making the matchable expenditure can reasonably be considered to have been to obtain a tax benefit for the taxpayer, a person or partnership with whom the taxpayer does not deal at arm’s length, or a person or partnership that holds, directly or indirectly, an interest in the taxpayer.
Paragraph (4)(a) does not apply in determining the amount for a taxation year that may be deducted in respect of a taxpayer’s matchable expenditure in respect of a right to receive production if (a) before the end of the taxation year in which the matchable expenditure is made, the total of all amounts each of which is included in computing the taxpayer’s income for the year (other than any portion of any of those amounts that is the subject of a reserve claimed by the taxpayer for the year under this Act) in respect of the right to receive production that relates to the matchable expenditure exceeds 80% of the matchable expenditure; and (b) no portion of the matchable expenditure can reasonably be considered to have been paid to another taxpayer, or to a person or partnership with whom the other taxpayer does not deal at arm’s length, to acquire the right from the other taxpayer.
absorbed capacity of a taxpayer for a taxation year means the lesser of (a) the taxpayer’s cumulative unused excess capacity for the year, determined as if the taxpayer’s absorbed capacity for the year were nil, and SUBDIVISION B Income or Loss from a Business or Property (b) the amount determined by the formula A is the taxpayer’s interest and financing expenses for the year, (i) if subsection 18.21(2) applies in respect of the taxpayer for the year, the amount determined in respect of the taxpayer for the year under that subsection, and (ii) in any other case, the amount determined by the formula D is the taxpayer’s ratio of permissible expenses for the year, and E is the taxpayer’s adjusted taxable income for the year, and C is the taxpayer’s interest and financing revenues for the year. (capacité absorbée) adjusted taxable income of a taxpayer for a taxation year means the amount determined by the formula A is the positive or negative amount determined by the formula (a) if the taxpayer is non-resident, the taxpayer’s taxable income earned in Canada for the year (determined without regard to subsection (2) and paragraphs 12(1)(z) and 111(1)(a.1)), and (b) in any other case, the taxpayer’s taxable income for the year (determined without regard to subsection (2), paragraphs 12(1)(z) and 111(1)(a.1) and clause 95(2)(f.11)(ii)(D)), and E is the total of (b) the total of all amounts each of which is, in respect of a corporation that is a controlled foreign affiliate of the taxpayer at the end of an affiliate taxation year ending in the year — or a controlled foreign affiliate of a partnership, of which the taxpayer or a controlled foreign affiliate of the taxpayer is a member, at the end of an affiliate taxation year ending in a fiscal period of the partnership — an amount determined by the formula T is the lesser of (ii) the amount by which the affiliate’s relevant affiliate interest and financing expenses for the affiliate taxation year exceed the affiliate’s relevant affiliate interest and financing revenues for the affiliate taxation year, U is the amount that is included in the taxpayer’s interest and financing expenses for the year in respect of the affiliate’s relevant affiliate interest and financing expenses for the affiliate taxation year, and V is the affiliate’s relevant affiliate interest and financing expenses for the affiliate taxation year; B is the total of all amounts (subject to paragraph (k), other than an amount that can reasonably be considered to be in respect of exempt interest and financing expenses) each of which is (a) the taxpayer’s interest and financing expenses for the year, (b) an amount deducted by the taxpayer in computing its income for the year under paragraph 20(1)(a) or 59.1(a) or subsection 66(4), 66.1(2) or (3), 66.2(2), 66.2(4), 66.4(2) or 66.7(1), (2), (2.3), (3), (4) or (5), other than any portion of that amount that is described in subparagraph (c)(ii) of the description of A in the definition interest and financing expenses, (c) an amount deducted by the taxpayer in computing its income for the year under subsection 20(16), other than any portion of that amount that is described in paragraph (d) of the description of A in the definition interest and financing expenses, (d) in respect of the income or loss of a partnership, for a fiscal period that ends in the year, from any source or from sources in a particular place, an amount determined by the formula F is the total of all amounts, each of which is an amount deducted by the partnership under paragraph 20(1)(a) or subsection 20(16) in computing its income or loss from the source, or the source in a particular place, for the fiscal period, other than any portion of that amount that is described in subparagraph (c)(ii) of the description of A in the definition interest and financing expenses, G is the taxpayer’s specified proportion, if the references in the definition specified proportion in subsection 248(1) to “total income or loss” were read as “income or loss from the source, or the source in a particular place”, H is the portion of an amount referred to in the description of F that can reasonably be considered to not be deductible in computing the taxpayer’s income for the year, or to not be included in computing the taxpayer’s non-capital loss for the year, because of subsection 96(2.1), (e) the portion of an amount deducted under paragraph 111(1)(e) for the year, in respect of a partnership of which the taxpayer is a member, that can reasonably be considered to be attributable to an amount referred to in the description of H in paragraph (d) in respect of a fiscal period of the partnership ending in a preceding taxation year of the taxpayer, (f) an amount deducted by the taxpayer under paragraph 110(1)(k) in computing its taxable income for the year, (g) an amount deducted by the taxpayer under subsection 104(6) in computing its income for the year, except to the extent of any portion of the amount that has been designated under subsection 104(19) for the year, (h) an amount determined by the formula is the amount deducted by the taxpayer under paragraph 111(1)(a) in computing its taxable income for the year, in respect of the taxpayer's non-capital loss (other than a specified pre-regime loss of the taxpayer in respect of the year) for another taxation year (referred to in this paragraph as the "taxpayer loss year"), is the lesser of (i) the non-capital loss for the taxpayer loss year, and (ii) the amount determined by the formula W is the total of all amounts, each of which is an amount that is (A) the interest and financing expenses of the taxpayer for the taxpayer loss year, determined without regard to any amount or portion of an amount that is not deductible because of subsection (2) or clause 95(2)(f)(ii)(D), (B) described in any of paragraphs (b) to (g) or (j) to (m) of the description of B for the taxpayer loss year, or (C) deducted by the taxpayer under paragraph 111(1)(a.1) in computing its taxable income for the taxpayer loss year, X is the total of all amounts, each of which is an amount (A) described in any of paragraphs (a) to (f), (h) or (j) of the description of C for the taxpayer loss year, or (B) included in the income of the taxpayer for the taxpayer loss year by reason of paragraph 12(1)(l.2), and Y is the total of all amounts, each of which is an amount determined by the formula Z is the lesser of (A) the foreign accrual property loss, for an affiliate taxation SUBDIVISION B Income or Loss from a Business or Property year, of a corporation (referred to throughout the description of Y as the “affiliate”) that, at the end of the affiliate taxation year, is a controlled foreign affiliate of the taxpayer, or is a controlled foreign affiliate of a partnership of which the taxpayer or a controlled foreign affiliate of the taxpayer is a member at any time, and (B) the amount by which the affiliate’s relevant affiliate interest and financing expenses for the affiliate taxation year (determined without regard to any amount or portion of an amount that is not deductible because of clause 95(2)(f.11)(ii)(D)) exceeds the total of all amounts, each of which is (I) the affiliate’s relevant affiliate interest and financing revenues for the affiliate taxation year, or (II) an amount included under subclause 95(2)(f.11)(ii)(D)(II) in respect of the affiliate for the affiliate taxation year. Z.1 is the amount that is included in the taxpayer’s interest and financing expenses for the taxpayer loss year in respect of the affiliate’s relevant affiliate interest and financing expenses for the affiliate taxation year, and Z.2 is the affiliate’s relevant affiliate interest and financing expenses for the affiliate taxation year, K is the non-capital loss for the taxpayer loss year, (i) 25% of the amount deducted, in respect of a specified pre-regime loss of the taxpayer in respect of the year, by the taxpayer under paragraph 111(1)(a) in computing its taxable income for the year, (j) in respect of a corporation (referred to in this paragraph as the “affiliate”) that is a controlled foreign affiliate of the taxpayer at the end of an affiliate taxation year ending in the year — or that is a controlled foreign affiliate of a partnership, of which the taxpayer or a controlled foreign affiliate of the taxpayer is a member at any time, at the end of an affiliate taxation year ending in a fiscal period of the partnership — the additional amount that would be included in the taxpayer’s income, either under subsection 91(1) or because an amount would be included in the income of a partnership under that subsection, in respect of the affiliate’s foreign accrual property income for the affiliate taxation year, if the affiliate’s foreign accrual property income for the affiliate taxation year were increased by the amount determined by the formula L is the amount that, in computing the foreign accrual property income of the affiliate for the affiliate taxation year, is the prescribed amount for the description of F in the definition foreign accrual property income in subsection 95(1), in respect of a foreign accrual property loss of the affiliate for another affiliate taxation year (referred to in this paragraph as the “affiliate loss year”), M is the lesser of (i) the affiliate’s foreign accrual property loss for the affiliate loss year, and (ii) the amount by which the affiliate’s relevant affiliate interest and financing expenses for the affiliate loss year (determined without regard to any amount or portion of an amount that is not deductible because of clause 95(2)(f.11)(ii)(D)) exceeds the total of all amounts, each of which is (A) the affiliate’s relevant affiliate interest and financing revenues for the affiliate loss year, or (B) an amount included under subclause 95(2)(f.11)(ii)(D)(II) in respect of the affiliate for the affiliate loss year, and N is the affiliate’s foreign accrual property loss for the affiliate loss year, (k) the amount that would be the taxpayer’s loss for the year, or that would be the taxpayer’s share of the loss of a partnership of which the taxpayer is a member, if the taxpayer or partnership had no income or loss other than a loss that can reasonably be considered to be incurred by the taxpayer or the partnership in respect of activities funded by a borrowing (within the meaning of the definition exempt interest and financing expenses) that results in exempt interest and financing expenses of the taxpayer or the partnership, (l) an amount deducted under subsection 127(5) or (6), 127.4(3), 127.45(6), 127.48(3) or 127.49(6) in respect of a property acquired in a preceding taxation year in computing the taxpayer’s tax payable for a preceding taxation year to the extent that it (i) is included in an amount determined under paragraph 13.7(1)(e) or subparagraph 53(2)(c)(vi) to (vi.4) or (h)(ii) or for I in the definition undepreciated capital cost in subsection 13(21), and (ii) was not included (A) in computing the taxpayer’s income for the year or a preceding taxation year, and (B) under this paragraph in calculating the taxpayer’s adjusted taxable income for a preceding taxation year, or (m) an amount described in clause 12(1)(x)(i)(C) or subparagraph 12(1)(x)(ii) that is received by the taxpayer in the year to the extent that it (i) reduces the cost or capital cost of a property, (ii) is not included in computing the income of the taxpayer for the year under paragraph 12(1)(x), and (iii) would be included in computing the income of the taxpayer for the year under paragraph 12(1)(x) if that paragraph were read without reference to its subparagraphs (vi) and (vii); and C is the total of all amounts each of which is (a) the taxpayer’s interest and financing revenues for the year, (b) an amount included under subsection 13(1) in computing the taxpayer’s income for the year, (c) in respect of the income or loss of a partnership, for a fiscal period that ends in the year, from any source or from sources in a particular place, an amount determined by the formula O is an amount that is included by the partnership under subsection 13(1) in computing its income or loss from the source, or the source in a particular place, for the fiscal period, and P is the taxpayer’s specified proportion, if the references in the definition specified proportion in subsection 248(1) to “total income or loss” were read as “income or loss from the source, or the source in a particular place”, (e) in the case of a corporation (i) 100/28 of the total of the amounts that would be deductible by it under subsection 126(1) from its tax for the year otherwise payable under this Part if those amounts were determined without reference to sections 123.3 and 123.4, or (ii) the amount determined by multiplying the total of the amounts that would be deductible by it under subsection 126(2) from its tax for the year otherwise payable under this Part, if those amounts were determined without reference to section 123.4, by the relevant factor for the year, (f) in the case of a trust, the amount determined by the formula Q is the total of the amounts deductible by it under subsection 126(1) or (2) from its tax for the year otherwise payable under this Part for the year, R is the percentage (expressed as a decimal fraction) referred to in paragraph 122(1)(a) in respect of the year, and S is 1 plus the percentage (expressed as a decimal fraction) referred to in subsection 120(1) in respect of the year, (g) an amount included under section 110.5 in computing the taxpayer’s taxable income for the year, (h) an amount included under subsection 104(13) in computing the taxpayer’s income for the year, except to the extent of any portion of the amount that (i) has been designated under subsection 104(19) for the year, or property income for an affiliate taxation year of an entity that is a controlled foreign affiliate of the taxpayer at the end of the affiliate taxation year, (i) an amount of the taxpayer’s taxable income for the year that is not, because of an Act of Parliament, subject to tax under this Part, or (ii) the amount that would be the taxpayer’s income for the year, or that would be the taxpayer’s share of the income of a partnership of which the taxpayer is a member, if the taxpayer or partnership had no income or loss other than income that can reasonably be considered to be earned by the taxpayer or the partnership in respect of activities funded by a borrowing (within the meaning of the definition exempt interest and financing expenses) that results in exempt interest and financing expenses of the taxpayer or the partnership. (revenu imposable rajusté) affiliate taxation year of a controlled foreign affiliate means the period for which the accounts of the affiliate have been ordinarily made up, but no such period may exceed 53 weeks. (année d’imposition de la société affiliée) cumulative unused excess capacity of a taxpayer for a particular taxation year means the total of all amounts each of which is (a) the excess capacity of the taxpayer for the particular year, or (b) the excess capacity of the taxpayer for any of the three immediately preceding taxation years, if the taxpayer’s excess capacity for each of those years is determined according to the following rules: (i) if the taxpayer has an amount of transferred capacity for any taxation year (referred to in this definition as the “transfer year”) preceding the particular year, (A) there are to be reductions to the taxpayer’s excess capacity for the transfer year and the three taxation years immediately preceding the transfer year (each referred to in this subparagraph as a “relevant year”) in a total amount equal to the total of all amounts each of which is an amount of transferred capacity of the taxpayer for the transfer year (referred to in this definition as the “total transferred capacity amount”), and (B) the amount by which the taxpayer’s excess capacity for a particular relevant year is to be reduced is equal to the lesser of (I) the taxpayer’s excess capacity for the particular relevant year, determined taking into consideration any reductions to that excess capacity under
C la somme déterminée selon l’alinéa 18(4)(b) relativement au contribuable pour l’année, D le total des sommes dont chacune représente une somme incluse en application du paragraphe 91(1) dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition postérieure, ou dans le calcul du revenu de la société de personnes pour une année, et qu’il est raisonnable de considérer comme se rapportant aux intérêts visés à l’élément A; Société de personnes — réintégration des dépenses d’intérêts et de financement (1.2) la somme obtenue par la formule suivante : A × B où : A représente le total des sommes dont chacune représente une somme déterminée selon l’alinéa h) de l’élément A dans la définition de dépenses d’intérêts et de financement au paragraphe 18.2(1) relativement au contribuable pour l’année d’imposition; B selon le cas : (i) si le contribuable est une entité exclue pour l’année (au sens du paragraphe 18.2(1)), zéro, (ii) dans les autres cas, la proportion déterminée par la première formule figurant au paragraphe 18.2(2) relativement au contribuable pour l’année; Avantages provenant de fiducies m) les sommes à inclure, en application de la sous-section K ou du paragraphe 132.1(1), dans le calcul du revenu du contribuable pour l’année, exception faite : (i) des sommes réputées, selon cette sous-section, être des gains en capital imposables du contribuable, (ii) des montants provenant d’une fiducie de convention de retraite — au sens du paragraphe 207.5(1) — et payés ou payables au contribuable; Régime de participation des employés aux bénéfices n) les sommes reçues par le contribuable durant l’année : (i) soit dans le cadre d’un régime de participation aux bénéfices, (ii) soit dans le cadre d’une fiducie d’employés, (o) [Repealed, 2003, c. 28, s. 1(2)] créés en faveur des employés du contribuable ou de ceux d’une personne avec qui il a un lien de dépendance; Régime de prestations aux employés n.1) l’excédent éventuel du total des sommes reçues par le contribuable au cours de l’année dans le cadre d’un régime de prestations aux employés auquel il a cotisé à titre d’employeur (autres que celles qui doivent être incluses dans le revenu du contribuable en vertu de l’alinéa m)) sur l’excédent éventuel du total des sommes : (i) soit ainsi versées par lui au régime, (ii) soit incluses, en vertu du présent alinéa, dans le calcul de son revenu pour une année d’imposition antérieure, sur le total des sommes : (iii) soit déduites par lui au titre de ses cotisations au régime dans le calcul de son revenu pour l’année ou pour une année d’imposition antérieure, (iv) soit reçues par lui au titre du régime au cours d’une année d’imposition antérieure (autre qu’une somme incluse dans son revenu en vertu de l’alinéa m)); Montants différés perdus n.2) dans le cas où les montants différés dans le cadre d’une entente d’échelonnement du traitement applicable à une autre personne ont été déduits en vertu de l’alinéa 20(1)oo) dans le calcul du revenu du contribuable pour les années d’imposition antérieures, les montants relatifs aux montants différés et déduits en vertu de l’alinéa 8(1)o) dans le calcul du revenu de cette personne pour une année d’imposition se terminant au cours de l’année; Convention de retraite n.3) le total des montants que le contribuable reçoit au cours de l’année, dans le cours des activités d’une entreprise et provenant d’une convention de retraite (y compris les montants reçus relatifs à la convention en vertu du paragraphe 207.71(3)) dans le cadre de laquelle lui-même, une autre personne qui exploitait une entreprise qu’il a acquise ou une personne avec laquelle lui-même ou cette autre personne a un lien de dépendance a versé un montant déductible en vertu de l’alinéa 20(1)r) dans le calcul du revenu du cotisant pour une année d’imposition; o) [Abrogé, 2003, ch. 28, art. 1] Inventory adjustment (s) [Repealed, 2013, c. 34, s. 173] Home insulation or energy conversion grants S. 80.4(1) benefit (ii) a government, municipality or other public authority, (B) an outlay or expense, Subventions à l’isolation thermique des maisons ou à la conversion énergétique (u) le montant d’une subvention reçue par le contribuable au cours de l’année en vertu d’un programme, visé par règlement, du gouvernement du Canada relativement à l’isolation thermique des maisons ou à la conversion énergétique visant un bien qu’il utilise principalement en vue de tirer un revenu de tiré d’une entreprise; Déductions pour activités de recherche et développement (v) l’excédent éventuel de toutes sommes déterminées à la fin de l’année pour le contribuable conformément aux alinéas 37(1)d) à h) sur le total des sommes déterminées à la fin de l’année pour le contribuable conformément aux alinéas 37(1)a) à c.1); Avantage en vertu du par. 80.4(1) (w) lorsque le contribuable est une société qui exploite, à un moment donné de l’année d’imposition antérieure, une entreprise de prestation de services personnels, mais qui est, en vertu du paragraphe 80.4(1), réputée être une société de placement déterminée au titre de l’exploitation de cette entreprise au cours de l’année d’imposition; Paiements incitatifs et autres x) un montant (à l’exclusion d’un montant prescrit) reçu par le contribuable au cours de l’année pendant qu’il tirait un revenu d’une entreprise ou d’un bien : (i) soit d’une personne ou d’une société de personnes (appelée « débiteur » au présent alinéa) qui paie le montant, selon le cas : (A) en vue de tirer un revenu d’une entreprise ou d’un bien, (B) en vue d’obtenir un avantage pour elle-même ou pour des personnes avec qui elle a un lien de dépendance, (C) dans des circonstances où il est raisonnable de conclure qu’elle n’aurait pas payé le montant si elle n’avait pas reçu des montants d’un débiteur, d’un gouvernement, d’une municipalité ou d’une autre administration visés au présent sous-alinéa ou au sous-alinéa (ii), (ii) soit d’un gouvernement, d’une municipalité ou d’une autre administration, s’il est raisonnable de considérer le montant comme reçu : Income Tax PART I Income Tax DIVISION B Computation of Income
(II) the amount, if any, by which the total transferred capacity amount for the transfer year exceeds the reductions, under this subparagraph in respect of that total transferred capacity amount, to the taxpayer’s excess capacity for any relevant years preceding the particular relevant year, and (ii) if the taxpayer has an amount of absorbed capacity for a taxation year (referred to in this definition as the “absorbed capacity year”), (A) there are to be reductions to the taxpayer’s excess capacity for the three taxation years immediately preceding the absorbed capacity year (each referred to in this subparagraph as a “relevant year”) in a total amount equal to the amount of absorbed capacity for the absorbed capacity year, and (B) the amount by which the taxpayer’s excess capacity for a particular relevant year is to be reduced is equal to the lesser of (I) the taxpayer’s excess capacity for the particular relevant year, determined taking into account any reductions to that excess capacity under
Fuel tax rebates 10(A - B) - C where Crown charge rebates Impôt sur le revenu
(II) the amount, if any, by which the amount of absorbed capacity for the absorbed capacity year eligible group entity, in respect of a taxpayer resident in Canada, at any time, means a corporation, or a trust, resident in Canada (a) that is, at that time, related (other than because of a right referred to in paragraph 251(5)(b)) to the taxpayer; (b) that would, at that time, be affiliated with the taxpayer if section 251.1 were read without reference to the definition controlled in subsection 251.1(3); (c) that is a trust in respect of which the taxpayer’s interest in the trust is not a fixed interest (as defined in subsection 94(1)); or (d) that is a beneficiary of the taxpayer, if the taxpayer is a trust, whose interest in the taxpayer is not a fixed interest (as defined in subsection 94(1)) other than a beneficiary that is a registered charity, or a non-profit organization, with whom the taxpayer deals at arm’s length. (entité admissible du groupe) excess capacity of a taxpayer for a taxation year means (a) if subsection 18.21(2) applies in respect of the taxpayer for the year, nil; and (b) in any other case, the amount determined by the formula A is the amount determined by the formula D is the ratio of permissible expenses of the taxpayer for the year, E is the adjusted taxable income of the taxpayer for the year, and F is the amount determined by the formula G is the interest and financing revenues of the taxpayer for the year, H is the ratio of permissible expenses of the taxpayer for the year, and I is the lesser of (i) the amount by which the interest and financing revenues of the taxpayer for the year exceed the interest and financing expenses of the taxpayer for the year, and (A) if the adjusted taxable income of the taxpayer for the year would, in the absence of section 257, be a negative amount, the absolute value of the negative amount, or (B) in any other case, nil, B is the interest and financing expenses of the taxpayer for the year, and excluded entity for a particular taxation year means (a) a corporation that is throughout the particular year a Canadian-controlled private corporation in respect of which the amount determined for C in paragraph 125(5.1)(a) for the year is less than $50,000,000; (b) a particular taxpayer resident in Canada, if $1,000,000 is not less than the amount determined by the formula A is the total of all amounts, each of which is the interest and financing expenses or the exempt interest and financing expenses of (i) the particular taxpayer for the particular taxation year, or (ii) another taxpayer resident in Canada for a taxation year (referred to in this subparagraph as “the relevant taxation year”) ending in the particular taxation year, if the other taxpayer is an eligible group entity in respect of the particular taxpayer at the end of the relevant taxation year, and B is the amount that would be determined for A if (i) the reference in the description of A to “the interest and financing expenses or the exempt interest and financing expenses” were read as a reference to “the interest and financing revenues”, and (ii) the interest and financing revenues of a financial institution group entity were excluded; or (c) a taxpayer resident in Canada if (i) all or substantially all of the businesses, if any, and all or substantially all of the undertakings and activities of (A) the taxpayer are, throughout the particular year, carried on in Canada, and (B) each eligible group entity in respect of the taxpayer are, throughout the eligible group entity’s taxation year that ends in the particular year, carried on in Canada, (ii) throughout the year, it is the case that A is $5,000,000, and B is the greater of (A) the total of all amounts, each of which is the amount at which the shares of the capital stock of a foreign affiliate of the taxpayer, a foreign affiliate of an eligible group entity in respect of the taxpayer or a foreign affiliate of a partnership of which the taxpayer or an eligible group entity in respect of the taxpayer is a member, would be valued for the purpose of the balance sheet of the taxpayer or the eligible group entity if that balance sheet were prepared in accordance with generally accepted accounting principles used in Canada, other than any amount or portion of an amount that is already included under this clause because the value of the shares of the capital stock of a particular foreign affiliate reflects the value of shares of the capital stock of another foreign affiliate that is owned, directly or indirectly, by the particular foreign affiliate, or (B) the total of all amounts, each of which is the amount that can reasonably be considered to be the proportionate share, of the taxpayer or an eligible group entity in respect of the taxpayer, of the fair market value of all property of a foreign affiliate of the taxpayer, a foreign affiliate of an eligible group entity in respect of the taxpayer or a foreign affiliate of a partnership of which the taxpayer or an eligible group entity in respect of the taxpayer is a member, other than a property that is shares of the capital stock of another corporation that is a foreign affiliate of the taxpayer, a foreign affiliate of an eligible group entity in respect of the taxpayer or a foreign affiliate of a partnership of which the taxpayer or an eligible group entity in respect of the taxpayer is a member, (iii) no person or partnership is, at any time in the particular year, (A) a specified shareholder or a specified beneficiary (as those terms are defined in subsection 18(5)) of the taxpayer, or of any eligible group entity in respect of the taxpayer, that is not resident in Canada, or (B) a partnership more than 50% of the fair market value of all interests in which can reasonably be considered to be held, directly or indirectly through one or more trusts or partnerships, by non-resident persons, if the property of the partnership includes, (I) if the taxpayer or the eligible group entity in respect of the taxpayer is a corporation, shares, or a right to acquire shares, of the capital stock of the taxpayer or an eligible group entity in respect of the taxpayer that, either alone or together with shares, or rights to acquire shares, held by persons or partnerships with whom the partnership does not deal at arm’s length,
(II) if the taxpayer or the eligible group entity in respect of the taxpayer is a trust, an interest, or a right to acquire an interest, as a beneficiary in the taxpayer or an eligible group entity in respect of the taxpayer that, either alone or together with interests, or rights to acquire interests, held by persons or partnerships with whom the partnership does not deal at arm’s length, has 25% or more of the fair market value of all interests as a beneficiary in the trust, and SUBDIVISION B Income or Loss from a Business or Property (iv) all or substantially all of the interest and financing expenses of the taxpayer and of each eligible group entity in respect of the taxpayer for the particular year are paid or payable to persons or partnerships that are not, at any time in the particular year, tax-indifferent persons or partnerships that do not deal at arm’s length with the taxpayer or any eligible group entity in respect of the taxpayer. excluded interest, for a taxation year or fiscal period, means an amount of interest or a lease financing amount, if (a) the amount is paid in, or payable in or in respect of, the year or period by a corporation or partnership (in this definition referred to as the “payer”) to another corporation or partnership (in this definition referred to as the “payee”) in respect of a debt or a lease in respect of a particular property; (b) throughout the period during which the amount accrued (in this definition referred to as the “relevant period”) (i) if the amount is interest, the debt is owed by the payer to the payee, or (ii) if the amount is a lease financing amount, the lease is between the payer and payee; (c) where the payer is not a financial institution group entity, the payee is not a financial institution group entity; (i) each of the payer and payee is (A) a taxable Canadian corporation, or (B) a partnership, no member of which is a natural person, a trust or a corporation that is not a taxable Canadian corporation, and (ii) one of the following conditions is met: (A) if the payee is a partnership, all the members of the payee (other than another partnership) are eligible group entities in respect of (I) if the payer is a partnership, each member of the payer (other than another partnership), and (II) in any other case, the payer, or (B) if the payee is not a partnership, the payee is an eligible group entity in respect of (I) if the payer is a partnership, each member of the payer (other than another partnership), and (II) in any other case, the payer; and (e) the payer — or, if the payer is a partnership, each member of the payer — and the payee — or, if the payee is a partnership, each member of the payee — file with the Minister, in respect of the year or period of both the payer and the payee, a joint election in writing in prescribed manner under this paragraph that (A) the amount of the interest or lease financing amount, (B) if the amount is interest, the amounts outstanding, at the beginning and end of the relevant period, as or on account of the debt in respect of which this paragraph applies, and (C) if the amount is a lease financing amount, the fair market value of the particular property at the time the lease began, and (ii) is filed on or before the earliest of the filing-due date of (A) the payer for its year, (B) the payee for its year, and (C) if the payer or the payee is a partnership, any member of the payer or payee for the member’s taxation year that includes the end of the fiscal period of the payer or the payee, as the case may be. (intérêts exclus) excluded lease for a taxation year of a taxpayer means a lease (a) to which the rules in subsection 16.1(1) apply; (b) that would not be considered to be a lease for a term of more than one year for purposes of paragraph (b) of the definition specified leasing property in subsection 1100(1.11) of the Income Tax Regulations; or (c) that is in respect of property (i) that would not be considered, at the time the lease was entered into, to have a fair market value in excess of $25,000 for purposes of paragraph (c) of that definition, or (ii) that would be considered, at all times in the taxation year, exempt property for purposes of subsection 1100(1.13) of the Income Tax Regulations. exempt interest and financing expenses of a taxpayer for a taxation year means the total of all amounts, each of which would, if the description of A in the definition interest and financing expenses were read without reference to “exempt interest and financing expenses,” be included in interest and financing expenses of the taxpayer for that year, and that is incurred in respect of a borrowing or other financing (referred to in this definition as the “borrowing”), if (a) the taxpayer or a partnership of which the taxpayer is a member entered into an agreement with a public sector authority to design, build and finance — or to design, build, finance, maintain and operate — property that the public sector authority, or another public sector authority, owns or has a leasehold interest in or a right to acquire; (b) the borrowing was entered into in respect of the agreement; (c) it can reasonably be considered that all or substantially all of the amount is directly or indirectly borne by a public sector authority referred to in paragraph (a); and (d) the amount was paid or payable to (i) a person that deals at arm’s length with the taxpayer or the partnership of which the taxpayer is a member, or (ii) a particular person that does not deal at arm’s length with the taxpayer or the partnership of which the taxpayer is a member if it may reasonably be considered that all or substantially all of the amount paid or payable to the particular person was paid or payable by the particular person to one or more persons that deal at arm’s length with the taxpayer or the partnership of which the taxpayer is a member. financial holding corporation, for a taxation year, means a corporation (other than a corporation described (tax-indifferent) SUBDIVISION B Income or Loss from a Business or Property in any of paragraphs (a) to (f) of the definition financial institution group entity) if, throughout the year, (a) the fair market value of the capital stock of the corporation is primarily attributable to any combination of shares or indebtedness of one or more entities described in any of paragraphs (a) to (f) of the definition financial institution group entity that are controlled by the corporation; or (b) the corporation is incorporated under the Insurance Companies Act and shares of the capital stock of the corporation are listed on a designated stock exchange. (société de portefeuille financière) financial institution group entity means a taxpayer that at any time in a taxation year is (b) a credit union; (c) an insurance corporation; (d) an entity authorized under the laws of Canada or a province to carry on the business of offering its services as a trustee to the public; (e) an entity whose principal business consists of one or more of (i) the lending of money to persons with whom the entity deals at arm’s length, (ii) the purchasing of debt obligations issued by persons with whom the entity deals at arm’s length, or (iii) activities which principally give rise to amounts described in paragraphs (a) to (d) of the description of A in the definition interest and financing revenues and are principally conducted with persons with whom the entity deals at arm’s length; (f) a particular entity that is an eligible group entity in respect of an entity described in any of paragraphs (a) to (e), if the particular entity, or a partnership of which the particular entity is a member and from which the particular entity primarily derives its income, (i) is authorized under provincial securities laws to engage in, and primarily engages in, the business of (A) dealing in securities, or (B) providing portfolio management, investment advice, fund administration or fund management; or (ii) primarily engages in the business of providing portfolio management, investment advice, fund administration or fund management, including any services connected to those activities, in respect of real estate; or (g) a particular entity (other than a financial holding corporation) that is an eligible group entity in respect of an entity described in any of paragraphs (a) to (f) if all or substantially all of the activities of the particular entity are ancillary to the activities or business carried on by one or more entities described in paragraphs (a) to (f) that are eligible group entities in respect of the particular entity. (entité du groupe d’institutions financières) fixed interest commercial trust at any time means a trust resident in Canada, if at that time (a) the only beneficiaries that may for any reason receive, or at that time and directly from the trust, any of the income or capital of the trust are beneficiaries that hold fixed interests (as defined in subsection 94(1)) in the trust; and interest and financing expenses of a taxpayer for a particular taxation year means the amount determined by the formula A is the total of all amounts (other than an amount that is included in exempt interest and financing expenses), each of which is (a) an amount that (i) is paid in, or payable in or in respect of, a year as, on account of, in lieu of payment of or in satisfaction of, interest (other than excluded interest for the particular year or an amount that is deemed to be interest under subsection 137(4.1)), SUBDIVISION B Income or Loss from a Business or Property (ii) would, in the absence of this section, be deductible (other than under a provision referred to in subparagraph (c)(ii)) by the taxpayer in computing its income for the particular year, and (iii) is not described in any other paragraph in this definition, (b) an amount that, in the absence of this section and on the assumption that it is not deductible under another provision of this Act (other than any of the provisions referred to in subparagraph (c)(ii)), would be deductible in computing the taxpayer’s income for the particular year under any of subparagraphs 20(1)(c)(ii) to (ii.2) and paragraphs 20(1)(e.1) to (f), (c) the portion of an amount, if (i) the amount, in the absence of this section, would be deductible in computing the taxpayer’s income for the particular year and is claimed by the taxpayer under paragraph 20(1)(a) or subsection 66(4), 66.1(2) or (3), 66.2(2), 66.2(4), 66.4(2) or 66.7(1), (2), (2.3), (3), (4) or (5), and (ii) the portion can reasonably be considered to be attributable to an amount paid or payable on or after February 4, 2022 that either (A) is described in subparagraph (a)(i), or (B) would otherwise have been deductible in a taxation year under a provision referred to in paragraph (b), but for the application of another provision of this Act, (d) the portion of an amount that would, in the absence of this section, be deductible in computing the taxpayer’s income for the particular year under subsection 20(16), to the extent that the portion can reasonably be considered to be described in subparagraph (c)(ii), (e) an amount that is paid or payable by the taxpayer in a year or that is a loss or a capital loss of the taxpayer for a year, as the case may be, under or as a result of an agreement or arrangement, if (ii) the amount would, in the absence of this section (A) be deductible (other than under subparagraph 20(1)(e)(ii)) in computing the taxpayer’s income for the particular year, or (B) in the case of a capital loss, reduce the amount determined under paragraph 3(b) in respect of the taxpayer or be deductible in computing the taxpayer’s taxable income for the particular year (except to the extent it has already been included under this paragraph for a previous year), (ii) the agreement or arrangement is entered into as or in relation to a borrowing or other financing that the taxpayer or a person or partnership that does not deal at arm’s length with the taxpayer enters into, whether currently or in the future, and absolutely or contingently, and (iii) the amount can reasonably be considered to increase (or be part of) the cost of funding with respect to the borrowing or other financing (including as a result of any hedge of the cost of funding or of the borrowing or other financing) of the taxpayer or a person or partnership that does not deal at arm’s length with the taxpayer; (f) a particular amount that (i) is in respect of an agreement or arrangement that gives rise to, or can reasonably be expected to give rise to, an amount that (A) is included in computing a taxpayer’s income or loss, other than an amount for a taxation year under paragraph (e), or (B) reduces the taxpayer’s interest and financing expenses for a taxation year under the description of B, (ii) would, in the absence of this section, be deductible by the taxpayer in computing its income for the particular year, (iii) is not deductible under any of the provisions listed in paragraph (b), and (iv) is an expense or fee payable under the agreement or arrangement or an expense that is incurred in contemplation of, in the course of entering into or in relation to, the agreement or arrangement, (g) a lease financing amount (other than in respect of an excluded lease for the particular year) that (i) would, in the absence of this section, be deductible by the taxpayer in computing its income for the particular year, and (ii) is not excluded interest for the particular year, (h) in respect of the income or loss of a partnership, for a fiscal period that ends in the particular year. year, from any source or from sources in a particular place, an amount determined by the formula C is the total of all amounts, each of which is an amount that (i) is deductible by the partnership in computing its income or loss from the source, or the source in a particular place, for a fiscal period, and that would be described in any of paragraphs (a) to (g) if the references to the taxpayer were read as references to the partnership, or (ii) would be included under paragraph (j) in determining the interest and financing expenses of the partnership for the purposes of determining its income or loss from the source, or the source in a particular place, for the fiscal period, if the partnership were a taxpayer for the purposes of this section, D is the taxpayer’s specified proportion, if the references in the definition specified proportion in subsection 248(1) to “total income or loss” were read as “income or loss from the source, or the source in a particular place”, E is the amount, if any, including on account of the taxpayer’s income under paragraph 12(1)(l.1) in respect of the amount referred to in the description of C, and F is the portion of an amount determined for C that can reasonably be considered to not be deductible in computing the taxpayer’s income for the particular year, and to not be included in computing the taxpayer’s non-capital loss for the particular year, because of subsection 96(2.1), (i) the portion of an amount that, in the absence of this section, would be deductible in computing the taxpayer’s taxable income for the particular year and is claimed by the taxpayer under paragraph 111(1)(e) in respect of a partnership of which the taxpayer is a member that can reasonably be considered to be attributable to an amount referred to in the description of F in paragraph (h) in respect of a fiscal period of the partnership ending in another taxation year of the taxpayer, or (j) in respect of a corporation that is a controlled foreign affiliate of the taxpayer at the end of an affiliate taxation year ending in the particular year, an amount determined by the formula G is the affiliate’s relevant affiliate interest and financing expenses for the affiliate taxation year, and H is the taxpayer’s specified participating percentage in respect of the affiliate for the affiliate taxation year; and B is the total of all amounts, each of which is (a) an amount received or receivable (other than as a dividend or in respect of exempt interest and financing expenses) by the taxpayer in a year, or a gain of the taxpayer for a year, as the case may be, under or as a result of an agreement or arrangement to the extent that (i) the amount is included in computing the taxpayer’s income for the particular year, (ii) the agreement or arrangement is entered into (A) as a borrowing or other financing of the taxpayer or of a person or partnership that does not deal at arm’s length with the taxpayer, or (B) in relation to a borrowing or other financing of the taxpayer or of a person or partnership that does not deal at arm’s length with the taxpayer to hedge the cost of funding or the borrowing or other financing, (iii) the amount can reasonably be considered to reduce the cost of funding with respect to the borrowing or other financing of the taxpayer or a person or partnership that does not deal at arm’s length with the taxpayer, and (iv) the amount cannot reasonably be considered to be excluded, reduced, offset or otherwise effectively sheltered from tax under this Part because (A) an amount is deductible under any of subsections 20(11) to (12.1) and 126(1) and (2), and (B) an amount is deductible in respect of income or profits tax paid to a country other than Canada that (I) can reasonably be considered to have been paid in respect of the amount, and (III) is not a tax substantially similar to tax under subsection 212(1), or (b) in respect of the income or loss of a partnership, for a fiscal period that ends in the particular year, from any source or from sources in a particular place, an amount determined by the formula I is an amount that would be described in paragraph (a) if (i) the references to the taxpayer in that paragraph were read as references to the partnership, and (ii) the reference in subparagraph (a)(i) to “the taxpayer’s income for the particular year” were read as “the partnership’s income or loss from the source, or the source in a particular place, for a fiscal period”, J is the taxpayer’s specified proportion, if the references in the definition specified proportion in subsection 248(1) to “total income of the loss” were read as “income or loss from the source, or the source in a particular place”. (interest and financing revenues) interest and financing revenues of a taxpayer for a taxation year means the amount determined by the formula A is the total of all amounts (other than any amount included under the description of B in the definition interest and financing expenses), each of which is (a) an amount received or receivable as, on account of, in lieu of payment or in satisfaction of, interest (other than excluded interest for the year, an amount that is deemed to be interest under subsection 137(4.1) or any amount described in any other paragraph in this definition) that is included in computing the taxpayer’s income for the year, (b) an amount that is included in computing the taxpayer’s income for the year because of subsection 12(9) or section 17.1 (other than any amount described in any other paragraph in this definition), (c) a fee or similar amount in respect of a guarantee, or similar credit support, provided by the taxpayer for the payment of any amount on a debt obligation owing by another person or partnership that is included in computing the taxpayer’s income for the year (other than any amount described in any other paragraph in this definition), (d) an amount received or receivable (other than as a dividend) by the taxpayer, or a gain of the taxpayer, as the case may be, under or as a result of an agreement or arrangement, if (i) the amount is included in computing the taxpayer’s income for the year, (ii) the agreement or arrangement is entered into as or in relation to a loan or other financing owing to or provided by the taxpayer or a person or partnership that does not deal at arm’s length with the taxpayer, and (iii) the amount can reasonably be considered to increase (or be part of) the return of the taxpayer or a person or partnership that does not deal at arm’s length with the taxpayer with respect to the loan or other financing (including as a result of any hedge of the return or of the loan or other financing), (e) a lease (other than one that in respect of a lease that would be an excluded lease for the year, if the definition excluded lease were read without regard to its paragraph (a)) that (i) is included in computing the taxpayer’s income for the year, and (ii) is not excluded interest for the year, (f) in respect of the income or loss of a partnership, for a fiscal period that ends in the year, from any source or from sources in a particular place, an amount determined by the formula C is the total of all amounts, each of which is an amount that (i) is included by the partnership in computing its income or loss from the source, or the source in a particular place, for a fiscal period and that would be described in paragraphs (a) to (e) if the references to the taxpayer were read as references to the partnership, or (ii) would be included under paragraph (g) in determining the interest and financing revenues of the partnership for the purposes of determining its income or loss from the source, or the source in a particular SUBDIVISION B Income or Loss from a Business or Property place, for the fiscal period, if the partnership were a taxpayer for the purposes of this section, and D is the taxpayer’s specified proportion, if the references in the definition specified proportion in subsection 248(1) to “total income or loss” were read as “income or loss from the source, or the source in a particular place”, or (g) in respect of a corporation that is a controlled foreign affiliate of the taxpayer at the end of an affiliate taxation year ending in the year, an amount determined by the formula E is the affiliate’s relevant affiliate interest and financing revenues for the affiliate taxation year, F is the taxpayer’s specified participating percentage in respect of the affiliate for the affiliate taxation year, and G is an amount (other than any portion of the amount that is in respect of income tax paid under subsection 12(1.1) that is deducted under subsection 91(4)) in computing the taxpayer’s income for any taxation year in respect of foreign accrual tax (as defined in subsection 95(1)) applicable to an amount that is included in the taxpayer’s income under subsection 91(1) in respect of the affiliate’s relevant affiliate interest and financing revenues for the affiliate taxation year, and B is the total of all amounts, each of which is (a) an amount paid or payable by the taxpayer, or a loss or a capital loss of the taxpayer, as the case may be, under or as a result of an agreement or arrangement, to the extent that (i) the amount (A) is deductible in computing the taxpayer’s income for the year, or (B) in the case of a capital loss, reduces the amount determined under paragraph 3(b) in respect of the taxpayer or is deductible in computing the taxpayer’s taxable income for the year (except to the extent it has already been taken into account in determining an amount under this paragraph for a previous year), (ii) the agreement or arrangement is entered into (A) as a loan or other financing owing to or provided by the taxpayer, or a person or partnership that does not deal at arm’s length with the taxpayer, or (B) in relation to a loan or other financing owing to or provided by the taxpayer, or a person or partnership that does not deal at arm’s length with the taxpayer, to hedge the cost of funding or the borrowing or other financing, and (iii) the amount can reasonably be considered to reduce the return of the taxpayer, or a person or partnership that does not deal at arm’s length with the taxpayer, in respect of the loan or other financing; (b) in respect of the income or loss of a partnership, for a fiscal period that ends in the year, from any source or from sources in a particular place, an amount determined by the formula is an amount that would be described in paragraph (a) if (i) the references to the taxpayer in that paragraph were read as references to the partnership, and (ii) the reference in subparagraph (a)(i) to “the taxpayer’s income for the year” were read as “the partnership’s income or loss from the source, or the source in a particular place, for a fiscal period”, and is the taxpayer’s specified proportion, if the references in the definition specified proportion in subsection 248(1) to “total income or loss” were read as “income or loss from the source, or the source in a particular place”; (c) the portion of any amount included under the description of A (referred to in this paragraph as the “subject amount”) that can reasonably be considered to be excluded, reduced, offset or otherwise effectively sheltered from tax under this Part because an amount is deductible (i) under any of subsections 20(11) to (12.1) and 126(1) and (2), and (ii) in respect of income or profits tax paid to a country other than Canada that (A) can reasonably be considered to have been paid in respect of the subject amount, and SUBDIVISION B Income or Loss from a Business or Property (B) is not a tax substantially similar to tax under subsection 212(1), lease financing amount means an amount that is the portion of a particular payment in respect of a particular lease entered into by a taxpayer that would be considered to be on account of interest if (a) the lessee had received a loan at the time the particular lease began and in a principal amount equal to the fair market value at that time of the property that is the subject of the particular lease; (b) interest had been charged on the principal amount of the loan outstanding from time to time at the rate — determined in accordance with section 4302 of the Income Tax Regulations — in effect at the time described in paragraph (a), compounded semi-annually not in advance; and (c) the particular payment was a blended payment of principal and interest, calculated in accordance with paragraph (b), on the loan applied firstly on account of interest on principal, secondly on account of interest on unpaid interest and thirdly on account of principal. (montant du crédit-bail) public sector authority means His Majesty in right of Canada, His Majesty in right of a province, an entity referred to in any of paragraphs 149(1)(c) to (d.6), a hospital authority (as defined in subsection 123(1) of the Excise Tax Act) or a registered charity that is a public college, school authority or university (each as defined in subsection 123(1) of the Excise Tax Act). (administration du secteur public) ratio of permissible expenses of a taxpayer for a taxation year means the percentage that is (a) if the taxpayer’s taxation year begins on or after October 1, 2023, and before January 1, 2024, 40%, other than for the purpose of determining the taxpayer’s cumulative unused excess capacity for any taxation year that begins on or after January 1, 2024; and (b) if the taxpayer’s taxation year begins on or after January 1, 2024, and for the purposes referred to in paragraph (a) for which 40% is not the applicable percentage, 30%. (ratio des dépenses admissibles) received capacity means an amount of received capacity of a transferee for a taxation year as determined under subsection (4). (capacité reçue) relevant affiliate interest and financing expenses of a controlled foreign affiliate of a taxpayer (determined as though the definition taxpayer in this subsection did not include the words “or a partnership”) for an affiliate taxation year means, subject to subsection (19), the total of all amounts (other than an amount that is deductible in computing any income or loss of the affiliate that is included in computing the affiliate’s income or loss from an active business because of paragraph 95(2)(a) or an amount that is described in clause 95(2)(a)(ii)(D) and treated as nil for the purposes of determining an amount for A or D in the definition foreign accrual property income in subsection (9)), each of which would be the affiliate’s interest and financing expenses (determined without regard to paragraph (j) of the description of A in the definition interest and financing expenses) for the affiliate taxation year for the purposes of determining, in respect of the taxpayer for the affiliate taxation year, an amount referred to in subparagraph 95(2)(f)(ii) or (ii), if (a) the references in the definition interest and financing expenses to “in the absence of this section” were read as references to “in the absence of clause 95(2)(f.11)(ii)(D)”; and relevant affiliate interest and financing revenues of a controlled foreign affiliate of a taxpayer (determined as though the definition taxpayer in this subsection did not include the words “or a partnership”) for an affiliate taxation year means, subject to subsection (19), the total of all amounts (other than an amount included in computing the affiliate’s income or loss from an active business under paragraph 95(2)(a) or 2(4.4)(b)), each of which would be the affiliate’s interest and financing revenues (determined without regard to paragraph (g) of the description of A in the definition interest and financing revenues) for the affiliate taxation year for the purposes of determining, in respect of the taxpayer for the affiliate taxation year, each amount referred to in subparagraph 95(2)(f)(i) or (ii), if clause 95(2)(f.11)(ii)(A) were read without regard to the reference to subsection 18.2(2). (revenus d’intérêts et de financement de la société affiliée pertinents) relevant inter-affiliate interest, of a controlled foreign affiliate of a taxpayer for an affiliate taxation year, means an amount of interest to the extent that the amount SUBDIVISION B Income or Loss from a Business or Property (a) is paid or payable by the affiliate to, or received or receivable by the affiliate from, a controlled foreign affiliate (in this definition referred to as the “other affiliate”) of (i) the taxpayer, or (ii) a taxpayer that is an eligible group entity in respect of the taxpayer; and (b) would, in the absence of subsection (19), be included in (i) if the amount is paid or payable by the affiliate, the affiliate’s relevant affiliate interest and financing revenues for the affiliate taxation year and the other affiliate’s relevant affiliate interest and financing revenues for an affiliate taxation year, or (ii) if the amount is received or receivable by the affiliate, the affiliate’s relevant affiliate interest and financing revenues for the affiliate taxation year and the other affiliate’s relevant affiliate interest and financing expenses for an affiliate taxation year. (intérêts pertinents entre sociétés affiliées) special purpose loss corporation, for a taxation year, means a particular corporation that (a) is an eligible group entity in respect of a financial holding corporation to which the particular corporation has interest paid or payable in the year; (b) is formed or exists solely for the purpose of generating a loss of the particular corporation; and specified participating percentage of a taxpayer, in respect of a controlled foreign affiliate of the taxpayer for an affiliate taxation year, means the percentage that would be the taxpayer’s aggregate participating percentage (as defined in subsection 91(1.3)), determined without regard to clause 95(2)(f.11)(ii)(D), in respect of the affiliate for the affiliate taxation year, if the definition participating percentage in subsection 95(1) were read without reference to (a) its paragraph (a); and (a) the preceding year ends before February 4, 2022; (b) the taxpayer files with the Minister, in respect of the loss, an election in writing in prescribed manner under this definition; (c) the election specifies (ii) each amount deducted, in respect of the loss, by the taxpayer under paragraph 111(1)(a) in computing its taxable income (A) for the year, and (B) each taxation year that precedes the year, (iii) the taxpayer’s adjusted taxable income for the year; and tax-indifferent means a person or partnership that is (a) a person exempt from tax under section 149; (c) a partnership more than 50% of the fair market value of all interests in which can reasonably be considered to be held, directly or indirectly through one or more trusts or partnerships, by any combination of persons described in paragraph (a) or (b); or (d) a trust resident in Canada if more than 50% of the fair market value of all interests as beneficiaries under the trust can reasonably be considered to be held, directly or indirectl
(iii) soit à titre de paiement incitatif, sous forme de prime, de subvention, de prêt à remboursement conditionnel, de déduction de l’impôt ou d’indemnité, ou sous toute autre forme, (iv) soit à titre de remboursement, de contribution ou d’indemnité ou à titre d’aide, sous forme de prime, de subvention, de prêt à remboursement conditionnel, de déduction de l’impôt ou d’indemnité, ou sous toute autre forme, à l’égard, selon le cas : (A) d’une somme incluse dans le coût d’un bien ou déduite au titre de ce coût, (B) d’une dépense engagée ou effectuée, dans la mesure où le montant, selon le cas : (v) n’a pas déjà été inclus dans le calcul du revenu du contribuable ou déduit dans le calcul, pour l’application de la présente loi, d’un solde de dépenses non amortissables non déduits, pour l’année ou pour une année d’imposition antérieure, (v.1) n’est pas une somme reçue par le contribuable relativement à une contribution visée à l’alinéa 56.4(1), qui a été incluse, en application du paragraphe 56.4(2), dans le calcul du revenu d’une personne liée au contribuable, (vi) sous réserve des paragraphes 127(11.1), (11.5) ou (11.6), ne réduit pas, pour l’application d’une cotisation établie en vertu de la présente loi, ou pouvant l’être, le coût ou le coût en capital d’un bien ou le montant de la dépense, (vii) ne réduit pas, en application du paragraphe (2.2) ou 13(7.4) ou de l’alinéa 53(2)s), le coût ou coût en capital du bien ou le montant de la dépense, (viii) ne peut raisonnablement être considérée comme un paiement fait au titre de l’acquisition par le débiteur ou par l’administration d’une participation dans le contribuable, d’un intérêt ou, pour l’application du droit civil, d’un droit sur son entreprise ou d’un intérêt ou, pour l’application du droit civil, d’un droit réel sur un bien du contribuable, (ix) n’est pas une somme reçue par le contribuable sous forme d’un prêt exclu; Remise de taxe sur le combustible
Notwithstanding any other provision of this Act, in computing the income for a taxation year of a taxpayer (other than an excluded entity for the year) from a business or property or the taxable income of the taxpayer for the year, no deduction shall be made — and in determining the amount under paragraph 3(b) in respect of the taxpayer for the year, no reduction shall be made — in SUBDIVISION B Income or Loss from a Business or Property respect of any amount that is described in any of paragraphs (a) to (g) and (i) of the description of A in the definition **interest and financing expenses** in subsection (1) that would, in the absence of this section, be deductible in computing that income or taxable income — or would reduce that amount determined under paragraph 3(b) — to the extent of the proportion of that amount that is determined by the formula A is the taxpayer’s interest and financing expenses for the year; (a) if subsection 18.21(2) applies in respect of the taxpayer for the year, the amount determined in respect of the taxpayer for the year under that subsection, and (b) in any other case, the amount determined by the formula G is the taxpayer’s ratio of permissible expenses for the year, and H is the taxpayer’s adjusted taxable income for the year; C is the taxpayer’s interest and financing revenues for the year; D is the amount by which the total of all amounts each of which is an amount of received capacity of the taxpayer for the year, as determined under subsection (4), exceeds the total amount deductible under paragraph 111(1)(a.1) for the year; E is the amount of the taxpayer’s absorbed capacity for the year; and (a) if no amount is included in the taxpayer’s interest and financing expenses for the year under paragraph (j) of the description of A of that definition, or under paragraph (h) of the description of A of that definition in respect of a controlled foreign affiliate of a partnership of which the taxpayer is a member, the amount determined for A in that definition for the taxpayer for the year, or (b) in any other case, the amount that would be determined for A in the definition **interest and financing expenses** in subsection (1) for the taxpayer for the year if the reference to “the affiliate’s interest and financing expenses” in the definition relevant affiliate interest and financing expenses were read as a reference to “an amount determined for A in the definition interest and financing expenses for the affiliate”. Amount deemed deducted
x.1) le total des montants représentant chacun : Automobile provided to partner Debt forgiveness (i) soit une remise de taxe sur le combustible reçue par le contribuable au cours de l’année en vertu du paragraphe 68.4(3) de la Loi sur la taxe d’accise, (ii) soit le résultat du calcul suivant : 10(A - B) - C où : A représente le total des remises de taxe sur le combustible reçues par le contribuable au cours de l’année en vertu des paragraphes 68.4(2) et (3.1) de cette loi, B le total des sommes, relatives aux remises de taxe sur le combustible reçues par le contribuable au cours de l’année en vertu de l’article 68.4 de cette loi, restituées par le contribuable en application du paragraphe 68.4(7) de cette loi, C le total des montants, relatifs aux remises de taxe sur le combustible reçues au cours de l’année en vertu de l’article 68.4 de cette loi, déduits en application des parties autres que les parties imposables ou d’autres années d’imposition; Remise au titre des droits à la Couronne
All or any portion, of a particular amount described in paragraph (c) or (d) of the description of A in the definition interest and financing expenses in subsection (1), that would, in the absence of subsection (2), have been deducted in computing the income of a taxpayer for a taxation year but that is not deductible because of subsection (2), is deemed to have been deductible and to have been deducted in the year for purposes of determining, in respect of any taxpayer at any time, much of the following amounts to which the particular amount relates: (b) the amount the taxpayer may deduct under subsection 66(4); (c) the cumulative Canadian exploration expense (as defined in subsection 66.1(6)); (e) the cumulative foreign resource expense (as defined in subsection 66.21(1)) in respect of a country; (f) the cumulative Canadian oil and gas property expense (as defined in subsection 66.4(5)); and
x.2) le total des sommes dont chacune : (i) d’une part, a été reçue par le contribuable au cours de l’année, y compris sous forme de déduction d’impôt, à titre de remboursement, de contribution ou d’indemnité, à l’égard d’une somme à recevoir, directement ou indirectement, de quelque manière que ce soit, par Sa Majesté du chef du Canada ou d’une province relativement, selon le cas : (A) à l’acquisition, à l’aménagement ou à la propriété d’un bien minier canadien, (B) à la production au Canada tirée d’une ressource minérale, d’un gisement naturel de pétrole ou de gaz naturel ou d’un puits de pétrole ou de gaz, (ii) d’autre part, n’a pas été incluse par ailleurs dans le calcul du revenu du contribuable pour l’année ni pour une année d’imposition antérieure; Automobile fournie à un associé y) si le contribuable est un particulier qui est un associé d’une société de personnes ou un employé d’un associé d’une société de personnes et si la société de personnes met, au cours de l’année, une automobile à sa Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this section, a taxpayer and another taxpayer (referred to in this section as the “transferor” and the “transferee”, respectively) may jointly elect in prescribed form to designate an amount equal to all or a portion of the transferor’s cumulative unused excess capacity, and that amount is an amount of transferred capacity of the transferor for a taxation year and an amount of received capacity of the transferee for a taxation year, if (a) the taxation year of the transferor ends in the taxation year of the transferee; (b) each of the transferor and the transferee is (i) a taxable Canadian corporation or a fixed interest commercial trust throughout its taxation year, (ii) an eligible group entity in respect of the other at the end of its taxation year; (c) where the transferor is a financial institution group entity or a financial holding corporation for its taxation year, the transferee is, for its taxation year, (ii) a financial holding corporation, or (i) specifies the amount of the transferred capacity, and (ii) is filed with the Minister by the transferor (A) on or before the later of the filing-due date of (I) the transferor for its taxation year, and (II) the transferee for its taxation year, or (B) on or before the day that is 90 days after the day of sending of (I) a notice of assessment of tax payable under this Part by the transferor or the transferee for their respective taxation years, or (II) a notification that no tax is payable under this Part by the transferor or the transferee for their respective taxation years; (e) the total of all amounts each of which would, if this subsection were read without reference to this paragraph, be an amount of transferred capacity of the transferor for its taxation year in respect of any transferee, does not exceed the transferor’s cumulative unused excess capacity for the year; (f) if the transferee is a financial holding corporation and the transferor is a financial institution group entity, it is the case that A is the total of all amounts, each of which is an amount that is included in computing the income of the financial holding corporation for its taxation year in respect of excluded interest, the payer of which is, for the taxation year of the payer in which the interest is payable, (ii) a special purpose loss corporation, if the amount gives rise to a loss of the special purpose loss corporation that is, or will be, utilized solely by a financial institution group entity, B is the total of all amounts, each of which would, in the absence of this paragraph, be an amount that is both (i) received capacity of the financial holding corporation for its taxation year, and (ii) transferred capacity of a financial institution group entity for one of its taxation years; (g) if the transferee is a special purpose loss corporation and the transferor is a financial institution group entity, it is the case that C is the total of all amounts, each of which is an amount that (i) would, in the absence of this section, be deductible in computing the income of the special purpose loss corporation for its taxation year, (ii) is paid or payable to a financial holding corporation, (iv) would, in the absence of this section, give rise to a loss that is, or will be, utilized solely by a financial institution group entity, D is the total of all amounts, each of which would, in the absence of this paragraph, be an amount that is both (i) received capacity of the special purpose loss corporation for its taxation year, and (ii) transferred capacity of a financial institution group entity for one of its taxation years. SUBDIVISION B Income or Loss from a Business or Property (ii) transferred capacity of a financial institution group entity for one of its taxation years; (h) an amended election has not been filed in accordance with this section; (i) where the election is an amended election, (ii) the following conditions are met: (A) in the absence of any assessment, the condition set out in paragraph (e) would be met in respect of a prior election under this subsection made by the transferor and transferee for their respective taxation years, and (B) subsection (9) does not apply to a tax benefit in respect of a prior election for the taxation year of the transferor or transferee, or (iii) the Minister grants permission to amend the prior election under subsection (5); and (j) the transferee files an information return in accordance with subsection (6) for the calendar year in which the transferee’s taxation year ends. Late or amended election
Refunds Impôt sur le revenu
The Minister may extend the time for making an election, or grant permission to amend an election, under subsection (4) if (a) the transferor and the transferee demonstrate to the satisfaction of the Minister that (i) the transferor, the transferee and each other eligible group entity in respect of the transferor and transferee made reasonable efforts to determine all amounts that may reasonably be considered relevant in making the election, and SUBDIVISION B Income or Loss from a Business or Property (ii) the election or amended election, as the case may be, is filed as soon as circumstances permit; and (b) in the opinion of the Minister, the circumstances are such that it would be just and equitable to permit the election to be made or amended.
If one or more elections are filed under subsection (4), in which amounts are designated as received capacity of a particular transferee for a taxation year ending in a calendar year, the particular transferee shall file with the Minister for the calendar year an information return in prescribed form within six months after the end of the calendar year in respect of (a) each such election; and (b) each election filed under subsection (4) for a taxation year ending in the calendar year, by any other transferee that is an eligible group entity in respect of the particular transferee at the end of the other transferee’s taxation year. Summary — filing by designated filer
For the purposes of this section, if any taxpayer is required to file an information return for a calendar year under subsection (6), the taxpayer is deemed to have filed the information return if (a) an information return under subsection (6) is filed for the calendar year by any other taxpayer (in this subsection referred to as the “designated filer” in respect of the taxpayer for the year) that is an eligible group entity in respect of the taxpayer at the end of the taxpayer’s taxation year ending in the calendar year; and (b) the taxpayer jointly elects, with each other transferee described in paragraph (6)(b), to designate under this paragraph the designated filer to be a designated filer in respect of the taxpayer and each other transferee for the calendar year. Assessment
If an election or an amended election has been made under subsection (4), the Minister shall, notwithstanding subsections 152(4) and (5), assess or reassess the tax, interest or penalties payable under this Act by any taxpayer SUBDIVISION B Income or Loss from a Business or Property for any relevant taxation year as is necessary to give effect to the election or amended election. Anti-avoidance — group status
disposition ou à celle d’une personne qui lui est liée, le montant qui serait inclus en application de l’alinéa 6(1)e) dans le calcul du revenu du contribuable pour l’année si celui-ci était employé par la société de personnes; Paiements d’une fiducie au profit d’un athlète amateur z) un montant relatif à une fiducie au profit d’un athlète amateur qui est à inclure, en application de l’article 143.1, dans le calcul du revenu du contribuable pour l’année; Fiducies pour l’environnement admissibles z.1) le total des sommes reçues par le contribuable au cours de l’année en tant que bénéficiaire d’une fiducie pour l’environnement admissible, indépendamment du fait que ces sommes sont imposables, par l’effet du paragraphe 107.3(1), dans le calcul de son revenu pour une année d’imposition; Disposition d’une participation dans une fiducie pour l’environnement admissible z.2) le total des sommes représentant chacune la somme reçue par le contribuable au cours de l’année d’une autre personne ou d’une société de personnes, de tout ou partie de sa participation en tant que bénéficiaire d’une fiducie pour l’environnement admissible, à l’exception d’une somme en contrepartie de la prise en charge d’une obligation en matière de restauration relative à la fiducie; Remise de dette z.3) les sommes à inclure dans le calcul du revenu du contribuable pour l’année par l’effet des paragraphes 80(13) ou (17); Arrangements de services funéraires z.4) un montant à inclure, par l’effet du paragraphe 148.1(3), dans le calcul du revenu du contribuable pour l’année; Compte d’épargne libre d’impôt z.5) toute somme à inclure dans le calcul du revenu du contribuable pour l’année par l’effet du paragraphe 146.2(9) ou de l’article 207.061; Remboursement z.6) la somme reçue par le contribuable au cours de l’année à titre de remboursement d’un montant qui a été déduit en application de l’alinéa 20(1)vv) dans le calcul de son revenu pour une année d’imposition; Income Tax PART I Income Tax DIVISION B Computation of Income
If, at any time, a particular taxpayer is, becomes or ceases to be an eligible group entity, in respect of another taxpayer, a financial institution group entity or a financial holding corporation and it may reasonably be considered, having regard to all the circumstances, that one of the main purposes of the particular taxpayer being, becoming or ceasing to be an eligible group entity, in respect of the other taxpayer, a financial institution group entity or a financial holding corporation is to enable any taxpayer to obtain a tax benefit (within the meaning of subsection 245(1)), the particular taxpayer is deemed not to be, to have become, or to remain, as the case may be, an eligible group entity, in respect of the other taxpayer, a financial institution group entity or a financial holding corporation, as the case may be, at that time.
Contract dérivé à terme z.7) le total des sommes dont chacune représente : (i) si le contribuable acquiert un bien aux termes d’un contrat dérivé à terme au cours de l’année, la partie de l’excédent de la juste valeur marchande du bien au moment de son acquisition par le contribuable sur son coût pour celui-ci qui est attribuable à un élément sous-jacent autre que les éléments sous-jacents visés aux sous-alinéas b)(i) à (iii) de la définition de contrat dérivé à terme au paragraphe 248(1), (ii) si le contribuable dispose d’un bien aux termes d’un contrat dérivé à terme au cours de l’année, la partie de l’excédent du produit de disposition, au sens de la sous-section C, du bien sur sa juste valeur marchande au moment de la conclusion du contrat par le contribuable qui est attribuable à un élément sous-jacent autre que les éléments sous-jacents visés aux divisions c)(i)(A) à (C) de la définition de contrat dérivé à terme au paragraphe 248(1). Interpretation Source of income Impôt sur le revenu
For the purposes of this Part, if a transferor and a transferee file an election (including an amended election) under subsection (4), no benefit is considered to have been conferred on the transferee as a consequence of the election. Consideration for election
For the purposes of this Part, if property is acquired at any time by a transferor as consideration for filing an election or amended election with a transferee under subsection (4) (a) where the property was owned by the transferee immediately before that time, (i) the transferee is deemed to have disposed of the property at that time for proceeds equal to the fair market value of the property at that time, and (ii) no amount may be deducted in computing the transferee’s income as a consequence of the transfer of the property, except any amount arising as a consequence of subparagraph (i); (b) the cost at which the property was acquired by the transferor at that time is deemed to be equal to the fair market value of the property at that time; and SUBDIVISION B Income or Loss from a Business or Property (c) the transferor is not required to add an amount in computing income solely because of the acquisition at that time of the property. Partnerships
For the purposes of this section, (a) a person or partnership that is (or is deemed by this paragraph to be) a member of a particular partnership that is a member of another partnership is deemed to be a member of the other partnership; and (b) a person’s share of the income or loss of a partnership includes the person’s direct or indirect, through one or more other partnerships, share of that income or loss. Anti-avoidance — interest and financing revenues and expenses
A particular amount that would, in the absence of this subsection, be included under the description of A in the definition interest and financing revenues, or the description of B in the definition interest and financing expenses, in computing the income or loss of a taxpayer for a taxation year, must not be so included, if (a) an amount in respect of the particular amount is deductible in computing the foreign accrual property income of a corporation that is a foreign affiliate, but not a controlled foreign affiliate, of the taxpayer or of a person or partnership that does not deal at arm’s length with the taxpayer; (b) the particular amount is received or receivable, directly or indirectly and in whole or in part, by the taxpayer, or a partnership of which it is a member, from (i) a person that does not deal at arm’s length with the taxpayer and that is (C) if the taxpayer is not a financial institution group entity or a financial holding corporation, a financial institution group entity or a financial holding corporation, or (ii) a partnership of which a person described in subparagraph (i) is a member; or (c) one of the main purposes of a transaction or series of transactions is to include the particular amount under the description of A in the definition interest and financing revenues, or the description of B in the definition interest and financing expenses, in computing the income or loss of the taxpayer for a taxation year and (i) the transaction or series results in an amount that (A) is not included in the description of B in the definition interest and financing revenues, or the description of A in the definition interest and financing expenses, in computing the income or loss of the taxpayer, or of a person not dealing at arm’s length with the taxpayer, for a taxation year, and (B) is deductible in computing the income or loss for a taxation year of the taxpayer or a person or partnership not dealing at arm’s length with the taxpayer, or (ii) it can reasonably be considered that, in the absence of the transaction or series, the particular amount or an amount for which the particular amount was substituted (A) would have been included in computing the income or loss for a taxation year (other than as a dividend) of the taxpayer, or a person or partnership not dealing at arm’s length with the taxpayer, and (B) would not have been included under the description of A in the definition interest and financing revenues, or the description of B in the definition interest and financing expenses, in computing the income or loss of the taxpayer or a person not dealing at arm’s length with the taxpayer.
Contrat dérivé à terme z.7) le total des sommes dont chacune représente : (i) si le contribuable acquiert un bien aux termes d’un contrat dérivé à terme au cours de l’année, la partie de l’excédent de la juste valeur marchande du bien au moment de son acquisition par le contribuable sur son coût pour celui-ci qui est attribuable à un élément sous-jacent autre que les éléments sous-jacents visés aux sous-alinéas b)(i) à (iii) de la définition de contrat dérivé à terme au paragraphe 248(1), (ii) si le contribuable dispose d’un bien aux termes d’un contrat dérivé à terme au cours de l’année, la partie de l’excédent du produit de disposition, au sens de la sous-section C, du bien sur sa juste valeur marchande au moment de la conclusion du contrat par le contribuable qui est attribuable à un élément sous-jacent autre que les éléments sous-jacents visés aux divisions c)(i)(A) à (C) de la définition de contrat dérivé à terme au paragraphe 248(1). Interprétation
For the purposes of subparagraph (c)(iv) of the definition excluded entity, a person or partnership is deemed to be tax-indifferent and not to deal at arm’s length with the taxpayer or any eligible group entity in SUBDIVISION B Income or Loss from a Business or Property respect of the taxpayer throughout a taxation year of the taxpayer if (a) any portion of the interest and financing expenses of the taxpayer for the year is paid or payable by the taxpayer or any eligible group entity in respect of the taxpayer to the person or partnership as part of a transaction or series of transactions; and (b) it can reasonably be considered that one of the main purposes of the transaction or series is to avoid that portion of the interest and financing expenses being paid or payable to a person or partnership that is tax-indifferent and does not deal at arm’s length with the taxpayer or any eligible group entity in respect of the taxpayer. Deemed eligible group entities
Les alinéas (1)a) et b), édictés par souci de précision, n’ont pas pour effet d’empêcher que les sommes qui n’y sont pas visées soient incluses dans le calcul du revenu tiré d’une entreprise pour une année d’imposition, qu’elles soient reçues ou à recevoir au cours de l’année ou non. Aucun report du revenu prévu à l’article 9 (2.01) L’alinéa (1)g) n’a pas pour effet de différer l’inclusion dans le revenu d’une somme qui, en l’absence de cet alinéa, serait incluse dans le calcul du revenu du contribuable conformément à l’article 9. Source de revenu (2.02) Pour l’application de la présente loi, toute somme donnée incluse dans le calcul du revenu d’un contribuable pour une année d’imposition par l’effet des alinéas (1)l.1) ou l.2) au titre d’une autre somme qui est déductible par une société de personnes dans le calcul de son revenu tiré d’une source donnée ou de sources situées dans un endroit donné est réputée être tirée de la source donnée ou de sources situées dans l’endroit donné, selon le cas. Réception de paiements incitatifs ou autres (2.1) Pour l’application de l’alinéa (1)x), le montant que, reporté à un moment donné, un contribuable bénéficiaire d’une fiducie ou associé d’une société de personnes soit a (2.2) Where exceeds Interest income
If two taxpayers are eligible group entities in respect of a third taxpayer, they are deemed to be eligible group entities in respect of each other. Eligible group entities — related (a) despite subsection 104(1), a reference to a person that is a trust does not include a reference to the trustee or other persons that own or control the trust property; and (b) a corporation or a trust is deemed not to be related to a taxpayer where the corporation or trust would, but for this paragraph, be related to the taxpayer solely because the taxpayer is controlled by His Majesty in right of Canada, His Majesty in right of a province or an entity referred to in any of paragraphs 149(1)(c) to (d.6). Eligible group entities — affiliated
Présomption de dépense engagée ou effectuée (2.2) Le contribuable qui reçoit au cours d’une année d’imposition un montant qui, sans le présent paragraphe, serait inclus en application de l’alinéa (1)x) dans le calcul de son revenu pour l’année au titre d’une dépense qu’il a engagée ou effectuée avant la fin de l’année d’imposition suivante (à l’exception d’une dépense relative au coût d’un bien pour le contribuable) peut faire un choix, au plus tard à la date à laquelle sa déclaration de revenu en vertu de la présente partie pour l’année ou, si la dépense est engagée ou effectuée au cours de l’année d’imposition suivante, pour cette année suivante, pour que le montant de la dépense soit réputé, pour le calcul du revenu du contribuable autrement que pour l’application du présent paragraphe et des alinéas (1)x) et 20(1)hh), avoir toujours été égal à l’excédent éventuel du montant visé à l’alinéa b) sur le montant visé à l’alinéa a): a) le montant de la dépense; b) le moins élevé du montant indiqué dans le choix du contribuable et du montant ainsi reçu par lui. Malgré les paragraphes 152(4) à (5), le ministre établit les cotisations et nouvelles cotisations voulues concernant l’impôt, les intérêts et les pénalités du contribuable pour une année d’imposition en vertu de la présente loi pour rendre le choix applicable. Intérêts courus
For the purposes of paragraph (b) of the definition eligible group entity in subsection (1), a corporation or a trust is deemed not to be affiliated with a taxpayer where that corporation or trust would, but for this subsection, be affiliated with the taxpayer solely because (a) the taxpayer is controlled by His Majesty in right of Canada, His Majesty in right of a province or an entity referred to in any of paragraphs 149(1)(c) to (d.6); SUBDIVISION B Income or Loss from a Business or Property (b) if the corporation or trust is a registered charity or a non-profit organization with whom the taxpayer deals at arm’s length, the corporation or trust is a majority-interest beneficiary (within the meaning of subsection 251.1(3)) of the taxpayer.
Sous réserve du paragraphe (4.1), sont à inclure dans le calcul du revenu, pour une année d’imposition, d’une Impaired debt obligations Exclusion of proceeds of disposition entité — société, société de personnes, fiducie d’investissement à participation unitaire ou fiducie dont une société ou une société de personnes est bénéficiaire — les intérêts sur une créance (sauf ceux afférents à quelque obligation à intérêt conditionnel, compte de stabilisation du revenu net ou titre de créance indexé) courus en sa faveur jusqu’à la fin de l’année, ou reçus ou devenus à recevoir pour elle avant la fin de l’année, dans la mesure où ils n’ont pas été inclus dans le calcul de son revenu pour une année d’imposition antérieure. Intérêts courus
Each taxpayer shall file with its return of income for the taxation year a prescribed form containing prescribed information for the purpose of determining the deductibility of its interest and financing expenses and determining its exempt interest and financing expenses. Relevant inter-affiliate interest
Sous réserve du paragraphe (4.1), le contribuable, sauf celui auquel le paragraphe (3) s’applique, qui, au cours d’une année d’imposition, détient un intérêt ou, pour l’application du droit civil, un droit sur un contrat de placement lors de son anniversaire de contrat inclut dans le calcul de son revenu pour l’année les intérêts courus en sa faveur sur ce contrat jusqu’à la fin de ce jour, dans la mesure où ceux-ci n’ont pas été inclus par ailleurs dans le calcul de son revenu pour l’année ou pour une année d’imposition antérieure. Titres de créance douteux (4.1) L’alinéa (1)c) les paragraphes (3) et (4) ne s’appliquent pas à un contribuable relativement à un titre de créance pour la partie d’une année d’imposition tout au long de laquelle le titre est douteux si un montant relatif au titre est déductible par l’effet du sous-alinéa 20(1)l)(ii) dans le calcul du revenu du contribuable pour l’année. Intérêts réputés courus
If an amount is paid or payable by a controlled foreign affiliate (referred to in this subsection as the “payer affiliate”) of a taxpayer and received or receivable by a controlled foreign affiliate (referred to in this subsection as the “recipient affiliate”) of the taxpayer, or a taxpayer that is an eligible group entity in respect of the taxpayer, and the amount is relevant inter-affiliate interest of the payer affiliate for an affiliate taxation year (referred to in this subsection as the “payer affiliate year”) and of the recipient affiliate for an affiliate taxation year (referred to in this subsection as the “recipient affiliate year”), (a) the amount included, in respect of the relevant inter-affiliate interest, in the payer affiliate’s relevant affiliate interest and financing expenses for the payer affiliate year is the lesser of (i) the relevant inter-affiliate interest, and (ii) the amount determined by the formula A is the amount determined by the formula C is the total of all amounts, each of which would — if the relevant inter-affiliate interest were not paid or payable — be, in respect of the payer affiliate for the payer affiliate year, the specified participating percentage of (A) the taxpayer, or (B) another taxpayer that is an eligible group entity in respect of the taxpayer, and D is the total of all amounts, each of which is, in respect of the recipient affiliate for the recipient affiliate year, the specified participating percentage of (A) the taxpayer, or (B) another taxpayer that is an eligible group entity in respect of the taxpayer, E is the relevant inter-affiliate interest, and B is the lesser of (A) the relevant inter-affiliate interest, and (B) the amount determined by the formula F is the payer affiliate’s relevant affiliate interest and financing revenues for the payer affiliate year, G is the amount that would be the payer affiliate’s relevant affiliate interest and financing expenses for the payer affiliate year if the payer affiliate had no relevant inter-affiliate interest for the payer affiliate year, H is the amount determined for E, and I is the total of all amounts, each of which is an amount of relevant inter-affiliate interest of the payer affiliate for the payer affiliate year that would, in the absence of this paragraph, be included in the payer affiliate’s relevant affiliate interest and financing expenses; and (b) the amount included, in respect of the relevant inter-affiliate interest, in the recipient affiliate’s relevant affiliate interest and financing revenues for the recipient affiliate year is the lesser of (i) the amount referred to in E, and (ii) the amount determined by the formula J is the amount determined for B, K is the amount determined for C, and L is the amount determined for D. Group ratio — definitions
Pour l’application des paragraphes (3), (4) et (11) et 20(14) et (21), dans le cas où un contribuable acquiert, à un moment donné, un intérêt ou, pour l’application du droit civil, un droit sur une créance visée par règlement, un montant calculé selon les modalités réglementaires est réputé courir en sa faveur à titre d’intérêts sur cette créance au cours de chaque année d’imposition où il détient l’intérêt ou le droit. Exclusion du produit de disposition (9.1) Malgré les autres dispositions de la présente loi, lorsqu’un contribuable dispose d’un intérêt ou, pour l’application du droit civil, d’un droit sur une créance à l’égard de laquelle la part des paiements de capital à laquelle il a droit est différente par rapport à sa part des paiements d’intérêts sur cette créance, la partie du produit de disposition reçue par lui qui est raisonnable de considérer comme une récupération du coût pour lui de l’intérêt ou du droit sur la créance n’est pas incluse dans le calcul de son revenu. Pour l’application des présentes dispositions, une créance comprend toute obligation incombant à Income Tax PART I Income Tax DIVISION B Computation of Income
acceptable accounting standards means International Financial Reporting Standards and the generally accepted accounting principles of (c) Brazil; (e) member states of the European Economic Area; (n) Switzerland; (o) the United Kingdom; and consolidated financial statements means financial statements prepared in accordance with a relevant acceptable accounting standard in which the assets, liabilities, income, expenses and cash flows of two or more entities are presented as those of a single economic entity and, for greater certainty, the financial statements include the notes to the financial statements. (états financiers consolidés) consolidated group means two or more entities, other than an equity-accounted entity but including an ultimate parent, (each such entity referred to in this section as a “member of the consolidated group”) in respect of which consolidated financial statements are required to be prepared for financial reporting purposes or would be so required if the entities were subject to International Financial Reporting Standards. (groupe consolidé) equity interest means (b) an interest as a beneficiary under a trust; (c) an interest as a member of a partnership; or fair value amount means any amount reflected in the net income or net loss reported in the consolidated financial statements of a consolidated group for a relevant period where (a) the carrying value of any asset or liability of the consolidated group is measured using the fair value method of accounting; and (b) the amount reflects a change in the carrying value of the asset or liability during the relevant period and is included in either the description of C or H in the definition group adjusted net book income. (montant de la juste valeur) group adjusted net book income, of a consolidated group for a relevant period, means the amount determined by the formula A is the amount determined by the formula C is the amount, if any, of net income reported in the consolidated financial statements of the group for the period, D is the amount, if any, of income tax expense reported in those statements, E is the amount that would be the specified interest expense of the group for the period if the definition specified interest expense were read without reference to paragraph (b) of the description of A, F is the total of all amounts used in determining the amounts reported in those statements each of which is the amount of (b) a charge in respect of the impairment or write-off of an asset referred to in paragraph (a), (c) a loss on the disposal of an asset referred to in paragraph (a), (d) if an election is made under subsection (4) and the net fair value amount for the period is negative, the absolute value of the net fair value amount, and (e) an expense, charge, deduction or loss that is similar to any of those referred to in paragraphs (a) to (d), and G is the total of all amounts referred to in the description of D or F that are included in the determination of the net income or loss of an equity-accounted entity, to the extent of the consolidated group’s share of that net income or loss; and B is the amount determined by the formula H is the amount, if any, of net loss reported in those statements, is the amount, if any, of income tax recoverable reported in those statements, if an election is made under subsection (4) and the net fair value amount for the period is positive, the net fair value amount, is the total of all amounts used in determining the amounts reported in those statements each of which is the amount of a gain on the disposal of an asset referred to in paragraph (a) of the description of F, to the extent that the sale proceeds do not exceed the original cost of the asset, is the total of all amounts referred to in the descriptions of I, K and L that is included in the determination of the net income or loss of an equity-accounted entity, to the extent of the consolidated group’s share of that net income or loss, and is the total of all amounts, each of which is the portion of net income reported in those statements that can reasonably be considered to be earned by a borrower within the meaning of the definition exempt interest and financing expenses in subsection 18.2(1) in respect of a borrowing (within the meaning of the definition exempt interest and financing expenses in subsection 18.2(1)) that results in exempt interest and financing expenses of the borrower. (bénéfice net comptable rajusté du groupe) group net interest expense, of a consolidated group for a relevant period, means the amount determined by the formula is the amount determined by the formula is the specified interest expense of the group for the period, and is the specified interest income of the group for the period; and is the total of all amounts each of which is an amount determined, in respect of a specified non-member of the group, by the formula E is the portion of the amount of the specified interest expense of the group for the period that is paid or payable to the specified non-member, and group ratio, of a consolidated group for a relevant period, means (a) except where paragraph (b) applies, the percentage determined by the formula A is the group net interest expense of the consolidated group for the relevant period, and B is the group adjusted net book income of the consolidated group for the relevant period; and (b) if the group adjusted net book income of the consolidated group for the relevant period is nil, nil. (ratio de groupe) net fair value amount means the positive or negative amount that is the total of all amounts, each of which is a positive or negative fair value amount in the consolidated financial statements of the consolidated group for a relevant period. (montant de la juste valeur net) relevant period means a period in respect of which the consolidated financial statements of a consolidated group are presented. (période pertinente) specified interest expense, of a consolidated group for a relevant period, means the amount determined by the formula A is the total of all amounts (other than amounts that are included in exempt interest and financing expenses), each of which is (a) an amount of interest expense used in determining the amounts reported in the consolidated financial statements of the consolidated group for the relevant period, (b) an amount of capitalized interest used in determining the amounts reported in those statements, SUBDIVISION B Income or Loss from a Business or Property (c) the amount of a guarantee fee, standby charge, arrangement fee or similar fee paid or payable that is used in determining the amounts reported in those statements and that is not included in paragraph (a) or (b), or (d) an amount referred to in any of paragraphs (a) to (c) that is included in the determination of the net income or loss of an equity-accounted entity, to the extent of the consolidated group’s share of that net income or loss; and specified interest income, of a consolidated group for a relevant period, means the amount determined by the formula A is the total of all amounts, each of which is (a) an amount of interest income used in determining the amounts reported in the consolidated financial statements of the consolidated group for the relevant period, (b) the amount of a guarantee fee, standby charge, arrangement fee or similar fee received or receivable that is used in determining the amounts reported in those statements and that is not included in paragraph (a), or (c) an amount referred to in paragraph (a) or (b) that is included in the determination of the net income or loss of an equity-accounted entity, to the extent of the consolidated group’s share of that income or loss; and specified non-member, of a consolidated group for a relevant period, means a particular person or partnership that is not a member of the consolidated group and that, at any time in the period, (a) does not deal at arm’s length with a member of the group; (b) alone or together with persons or partnerships with whom the particular person or partnership does Current to January 22, 2025 Last amended on January 1, 2025 not deal at arm’s length owns, or has the right to acquire, one or more equity interests in a member of the group that (i) provide 25% or more of the votes that could be cast at an annual meeting of the shareholders of the member, if the member is a corporation, or (ii) have 25% or more of the fair market value of all equity interests in the member; or (c) is a person or partnership in respect of which a member of the group — alone or together with persons or partnerships with whom the member does not deal at arm’s length — owns, or has the right to acquire, one or more equity interests in the particular person or partnership that (i) provide 25% or more of the votes that could be cast at an annual meeting of the shareholders of the particular person, if the particular person is a corporation, or (a) the particular entity is not His Majesty in right of Canada, His Majesty in right of a province or an entity referred to in any of paragraphs 149(1)(c) to (d.6); (b) it holds directly or indirectly an interest in one or more other entities in respect of which it is required to prepare consolidated financial statements for financial reporting purposes, or would be so required if it was subject to International Financial Reporting Standards; and (c) no entity (other than an entity described in paragraph (a)) holds, directly or indirectly, in the particular entity an interest that is described in paragraph (b). (mère ultime) Allocated group ratio amount
A - B where exceeds Impôt sur le revenu
A taxpayer and each corporation or trust that is, throughout the relevant period, an eligible group entity in respect of that taxpayer and a member of the same consolidated group as the taxpayer (the taxpayer and each of the corporations or trusts being referred to in this subsection and subsection (4) as a “Canadian group member”) may, if the taxpayer is a taxpayer described in subsection (7), elect, and otherwise jointly elect in respect of their taxation years ending in the relevant period (each referred to in this subsection and subsection (4) as a “relevant taxation year”) to allocate amounts in respect of each relevant taxation year and the amount allocated to a member for a relevant taxation year is the amount determined in respect of that member for that relevant taxation year for the purposes of this section and subsection 18.2(2), if (a) the consolidated financial statements of the consolidated group for the relevant period are audited financial statements; (b) the election or amended election (i) specifies the amount allocated to each Canadian group member for each relevant taxation year, and (ii) is filed with the Minister by the taxpayer or a Canadian group member of the taxpayer on or before (A) the latest filing-due date of a Canadian group member for a relevant taxation year, or (B) the day that is 90 days after the sending of (I) a notice of assessment of tax payable under this Part by a Canadian group member for a relevant taxation year, or (II) a notification that no tax is payable under this Part by a Canadian group member for a relevant taxation year; (c) the total of all amounts, each of which is an amount allocated to a Canadian group member for a relevant taxation year, does not exceed the least of (i) the total of all amounts in respect of a member each of which is determined by the formula A is the group ratio of the consolidated group for the relevant period, and is the adjusted taxable income of the member for each relevant taxation year, (ii) the group net interest expense of the consolidated group in respect of the relevant period, and (iii) the total of all amounts, each of which would, in the absence of section 257, be the adjusted taxable income of a member for each relevant taxation year; (d) an amended election has not been filed in accordance with this section; and (e) where the election is an amended election, (i) the following conditions are met: (A) in the absence of any assessment, the condition set out in paragraph (c) would be met in respect of a prior election under this subsection made by the Canadian group members for a relevant taxation year under this subsection, and (B) subsection 18.2(9) does not apply to a tax benefit in respect of a prior election for the relevant period, or (ii) the Minister grants permission to amend the prior election under subsection (3). Late or amended election
The Minister may extend the time for making an election or grant permission to amend or revoke an election under subsection (2) if (a) the Canadian group members demonstrate to the satisfaction of the Minister that (i) they made reasonable efforts to determine all amounts that may reasonably be considered relevant in making the election, and (ii) the election or amended election, as the case may be, is filed as soon as circumstances permit; and SUBDIVISION b Income or Loss from a Business or Property (b) in the opinion of the Minister, the circumstances are such that it would be just and equitable to permit the election to be made, amended or revoked. Fair value adjustments — election
For the purposes of calculating group adjusted net book income, the following rules apply: (a) no amounts may be included in paragraph (d) of the description of F or in the description of K in the definition group adjusted net book income for any relevant period unless the Canadian group members jointly elect, for the first relevant taxation year in respect of which the Canadian group members jointly elect under subsection (2), to include net fair value amounts in calculating group adjusted net book income for the relevant period in which the first relevant taxation year ends; (b) if an election to include net fair value amounts in the calculation is not made in the first relevant taxation year, each Canadian group member is deemed not to have so elected in that taxation year and any subsequent taxation year; and (c) if an election to include net fair value amounts in the calculation is made in the first relevant taxation year, each Canadian group member is deemed to have so elected in that taxation year and any subsequent taxation year. Assessment
If an election or amended election has been made under subsection (2), the Minister shall, notwithstanding subsections 152(4) and (5), assess or reassess the tax, interest or penalties payable under this Act by any taxpayer for any relevant taxation year as is necessary to give effect to the election or amended election. Use of accounting terms
l’émetteur de verser le principal et les intérêts au titre de la créance. Revenu d’un régime enregistré d’épargne-logement (10.1) Malgré les autres dispositions de la présente loi, lorsqu’un particulier est bénéficiaire, à la fin de 1985, d’un régime enregistré d’épargne-logement (au sens des alinéas 146.2(1)a) et h) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts revisés du Canada de 1952, dans leur version applicable à l’année d’imposition 1985), la fraction du revenu qu’il est raisonnable de considérer s’être accumulée dans le cadre du régime avant 1986 (sauf celle qu’il est raisonnable de considérer attribuable à des montants versés après le 22 mai 1985 dans le cadre du régime ou sous le régime) ne doit pas être incluse dans le calcul du revenu du particulier ou d’une autre personne. Paiements du compte de stabilisation du revenu net (10.2) Est inclus dans le calcul du revenu d’un contribuable pour une année d’imposition tiré de biens le total des montants représentant le résultat du calcul suivant : A - B où : A représente un montant payé à un moment donné de l’année sur le second fonds du compte de stabilisation du revenu net du contribuable; B l’excédent éventuel du total visé à l’alinéa a) sur le total visé à l’alinéa b), a) le total des montants dont chacun, selon le cas : (i) est réputé, en vertu des paragraphes (10.4) ou 104(5.1) (ou 14.1) (dans leur version applicable à l’année d’imposition 2015 du contribuable), avoir été payé sur le second fonds du compte de stabilisation du revenu net du contribuable avant le moment donné, (ii) est réputé, en vertu des paragraphes 70(5.4) ou 73(5), avoir été payé sur le second fonds du compte de stabilisation du revenu net d’une autre personne lors son transfert au second fonds du compte de stabilisation du revenu net du contribuable avant le moment donné, b) le total des montants représentant chacun le montant appliqué en réduction, par l’effet d’un élément, d’un montant déterminé par ailleurs selon le présent paragraphe au titre d’un paiement Definitions (jour anniversaire) (i) a government, municipality or other public authority in Canada, or (d) a foreign retirement arrangement, (e) an income bond, (f) an income debenture, (g) [Repealed, 2023, c. 26, s. 4] (h) [Repealed, 2023, c. 26, s. 4] (j) an obligation in respect of a net income stabilization account, (k) an indexed debt obligation, and (l) a prescribed contract. (contrat de placement) h) [Abrogé, 2023, ch. 26, art. 4] i) les obligations pour lesquelles le contribuable a inclus, à des intervalles périodiques d’un an ou moins et autrement que par application du paragraphe (4), dans le calcul de son revenu tout au long de la période pendant laquelle il détenait un intérêt ou, pour l’application du droit civil, un droit sur l’obligation, le revenu qui s’est accumulé pendant ces intervalles; j) les obligations relatives à un compte de stabilisation du revenu net; k) les titres de créance indexés; l) les contrats visés par règlement. (investment contract) jour anniversaire Dans le cas d’un contrat de placement, les jours suivants : a) le jour qui est un an après la veille de la date d’établissement du contrat; b) le jour qui revient à intervalles successifs d’un an après le jour déterminé à l’alinéa a); c) le jour où il est disposé du contrat. (anniversary day) prêt exclu Prêt consenti, sauf un prêt à remboursement conditionnel, constaté par écrit et qui remplit les conditions suivantes : a) le payeur est : (i) soit un gouvernement, une municipalité ou une autre administration au Canada, (ii) soit une personne résidant au Canada ou une société de personnes canadienne, s’il est raisonnable de conclure qu’elle n’aurait pas consenti le prêt, n’eût été des réceptions d’un gouvernement, d’une municipalité ou d’une autre administration au Canada; b) des arrangements ont été conclus de bonne foi à son égard au moment de sa conclusion en vue du remboursement du prêt dans un délai raisonnable; c) les fonds ont été utilisés en vue de tirer un revenu provenant d’une entreprise ou d’un bien. (excluded loan) Revente précipitée — entreprise réputée
For the purposes of the definitions consolidated financial statements, consolidated group, equity-accounted entity, fair value amount, group adjusted net book income, specified interest expense, specified interest income and ultimate parent in subsection (1), a term that is not defined under this Act has the meaning assigned to the term for financial reporting purposes under the relevant acceptable accounting standards. Single member group
Pour l’application de la présente loi, dans le cas où, compte non tenu du présent paragraphe et de l’alinéa Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this section, if a taxpayer resident in Canada is not a member of a consolidated group for a relevant period, (a) the taxpayer is deemed to be an eligible group entity in respect of itself; (b) the taxpayer is deemed to be (i) a member of a consolidated group that comprises only itself, and (ii) the ultimate parent of the group; and (c) the taxpayer’s financial statements are deemed to be consolidated financial statements.
Definition of flipped property Impôt sur le revenu
A particular person or partnership that is not a member of a consolidated group for a relevant period is deemed to be a specified non-member in respect of the group for the period if a portion of the amount of the specified interest expense of the group is paid or payable by a member of the group to the particular person or partnership as part of a transaction or series of transactions where it can reasonably be considered that one of the main purposes of the transaction or series is to avoid the inclusion of that portion in the determination of the amount for E in the definition group net interest expense in subsection (1). [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2024, c. 15, s. 7.
entity has the same meaning as in subsection 122.1(1). equity value has the same meaning as in subsection 122.1(1). real estate investment trust has the same meaning as in subsection 122.1(1). security, of an entity, means (b) if the entity is a corporation, (i) a share of the capital stock of the corporation, and (real estate investment trust) (ii) a right to control in any manner whatever the voting rights of a share of the capital stock of the corporation if it can reasonably be concluded that one of the reasons that a person or partnership holds the right to control is to avoid the application of subsection (3) or 12.6(3); (c) if the entity is a trust, an income or a capital interest in the trust; and (d) if the entity is a partnership, an interest as a member of the partnership. (titre) stapled security, of a particular entity at any time, means a particular security of the particular entity if at that time (a) another security (referred to in this section as the “reference security”) (i) is or may be required to be transferred together or concurrently with the particular security as a term or condition of the particular security, the reference security, or an agreement or arrangement to which the particular entity (or if the reference security is a security of another entity, the other entity) is a party, or (ii) is listed or traded with the particular security on a stock exchange or other public market under a single trading symbol; (b) the particular security or the reference security is listed or traded on a stock exchange or other public market; and (c) any of the following applies: (i) the reference security and the particular security are securities of the particular entity and the particular entity is a corporation, SIFT partnership or SIFT trust, (ii) the reference security is a security of another entity, one of the particular entity or the other entity is a subsidiary of the other, and the particular entity or the other entity is a corporation, SIFT partnership or SIFT trust, or (iii) the reference security is a security of another entity and the particular entity or the other entity is a real estate investment trust or a subsidiary of a real estate investment trust. (titre agrafé) subsidiary, of a particular entity at any time, means SUBDIVISION B Income or Loss from a Business or Property (a) an entity in which the particular entity holds at that time securities that have a total fair market value greater than 10% of the equity value of the entity; and (b) an entity that at that time is a subsidiary of an entity that is a subsidiary of the particular entity. (filiale) (a) if one or more securities of the entity would have been stapled securities of the entity on October 31, 2006 and July 19, 2011 had the definition stapled security in this subsection come into force on October 31, 2006, the period that begins on July 20, 2011 and ends on the earliest of (i) January 1, 2016, (ii) the first day after July 20, 2011 on which any of those securities is materially altered, and (iii) the first day after July 20, 2011 on which any security of the entity becomes a stapled security other than by way of (I) that is completed under the terms of an agreement in writing entered into before July 20, 2011 if no party to the agreement may be excused from completing the transaction as a result of amendments to this Act, and (II) that is not the issuance of a security in satisfaction of a right to enforce payment of an amount by the entity, or (B) the issuance of the security in satisfaction of a right to enforce payment of an amount that became payable by the entity on another security of the entity before July 20, 2011, if the other security was a stapled security on July 20, 2011 and the issuance was made under a term or condition of the other security in effect on July 20, 2011; (b) if paragraph (a) does not apply to the entity and one or more securities of the entity would have been stapled securities of the entity on July 19, 2011 had the definition stapled security in this subsection come into force on July 19, 2011, the period that begins on July 20, 2011 and ends on the earliest of (i) July 20, 2012, (ii) the first day after July 20, 2011 on which any of those securities is materially altered, and (iii) the first day after July 20, 2011 on which any security of the entity becomes a stapled security other than by way of (I) that is completed under the terms of an agreement in writing entered into before July 20, 2011, if no party to the agreement may be excused from completing the transaction as a result of amendments to this Act, (II) that is not the issuance of a security in satisfaction of a right to enforce payment of an amount by the entity, (B) the issuance of the security in satisfaction of a right to enforce payment of an amount that became payable by the entity on another security of the entity before July 20, 2011, if the other security was a stapled security on July 20, 2011 and the issuance was made under a term or condition of the other security in effect on July 20, 2011; (c) in any other case, if the entity is a subsidiary of another entity on July 20, 2011 and the latter entity is subject to a transition period, the period that begins on that date and ends on the earliest of (i) the day on which the transition period of the other entity ends, (ii) the first day after July 20, 2011 on which the entity ceases to be a subsidiary of the other entity, (iii) the first day after July 20, 2011 on which any security of the entity becomes a stapled security other than by way of (I) that is completed under the terms of an agreement in writing entered into before July 20, 2011, if no party to the agreement may be excused from completing the transaction as a result of amendments to this Act, (II) that is not the issuance of a security in satisfaction of a right to enforce payment of an amount by the entity, (B) the issuance of the security in satisfaction of a right to enforce payment of an amount that became payable by the entity on another security of the entity before July 20, 2011, if the other security was a stapled security on July 20, 2011 and the issuance was made under a term or condition of the other security in effect on July 20, 2011. (iii) the first day after July 20, 2011 on which any security of the entity becomes a stapled security other than by way of (I) that is completed under the terms of an agreement in writing entered into before July 20, 2011 if no party to the agreement may be excused from completing the transaction as a result of amendments to this Act, and (II) that is not the issuance of a security in satisfaction of a right to enforce payment of an amount by the entity, or (B) the issuance of the security in satisfaction of a right to enforce payment of an amount that became payable by the entity on another security of the entity before July 20, 2011, if the other security was a stapled security on July 20, 2011 and the issuance was made under a term or condition of the other security in effect on July 20, 2011; and (c) in any other case, if the entity is a subsidiary of another entity on July 20, 2011 and the other entity has a transition period, the period that begins on July 20, 2011 and ends on the earliest of (i) the day on which the other entity’s transition period ends, (ii) the first day after July 20, 2011 on which the entity ceases to be a subsidiary of the other entity, and (iii) the first day after July 20, 2011 on which any security of the entity becomes a stapled security other than by way of (I) that is completed under the terms of an agreement in writing entered into before July 20, 2011 if no party to the agreement may be excused from completing the transaction as a result of amendments to this Act, and (II) that is not the issuance of a security in satisfaction of a right to enforce payment of an amount by the entity, or (B) the issuance of the security in satisfaction of a right to enforce payment of an amount that became payable by the entity on another security of the entity before July 20, 2011, if the other security was a stapled security on July 20, 2011 and the issuance was made under a term or condition of the other security in effect on July 20, 2011. SUBDIVISION B Income or Loss from a Business or Property the issuance was made under a term or condition of the other security in effect on July 20, 2011. Property representing security
For the purpose of determining whether a particular security of an entity is a stapled security, if a receipt or similar property (referred to in this subsection as the “receipt”) represents all or a portion of the particular security and the receipt would be described in paragraphs (a) and (b) of the definition stapled security in subsection (1) if it were a security of the entity, then (a) the particular security is deemed to be described in those paragraphs; and (b) a security that would be a reference security in respect of the receipt is deemed to be a reference security in respect of the particular security. Amounts not deductible
Notwithstanding any other provision of this Act, in computing the income of a particular entity for a taxation year from a business or property, no deduction may be made in respect of an amount (a) that is paid or payable after July 19, 2011, unless the amount is paid or payable in respect of the entity’s transition period; and (b) that is (i) interest paid or payable on a liability of the particular entity that is a stapled security, unless each reference security in respect of the stapled security is a liability, or (ii) if a security of the particular entity, a subsidiary of the particular entity or an entity of which the particular entity is a subsidiary is a reference security in respect of a stapled security of a real estate investment trust or a subsidiary of a real estate investment trust, an amount paid or payable to (A) the real estate investment trust, (B) a subsidiary of the real estate investment trust, or (C) any person or partnership on condition that any person or partnership pays or makes payable an amount to the real estate investment trust or a subsidiary of the real estate investment trust. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2013, c. 40, s. 10. Hybrid mismatch arrangements — definitions
40(2)b), un contribuable réalise un gain lors de la disposition d’un bien à revente précipitée, les règles ci-après s’appliquent tout au long de la période au cours de laquelle il détenait ce bien : a) le contribuable est réputé exploiter une entreprise qui est un projet comportant un risque ou une affaire de caractère commercial relativement au bien à revente précipitée; b) le bien à revente précipitée est réputé être un bien figurant à l’inventaire de l’entreprise du contribuable; c) le bien à revente précipitée est réputé ne pas être une immobilisation du contribuable. Définition de bien à revente précipitée
Canadian ordinary income, of a taxpayer for a taxation year in respect of a payment, means an amount that is (a) if the taxpayer is not a partnership, included in respect of the payment in computing, in the case of a taxpayer that is an individual, the income of the taxpayer for the year under this Part — or, in the case of a taxpayer that is a non-resident person, the taxable income earned in Canada of the taxpayer — for the year, except to the extent that (i) the amount is included in the Canadian ordinary income of any taxpayer under paragraph (b) or (c), (ii) the taxpayer is entitled to a deduction under section 112 or 113 in respect of the payment, or (iii) the amount can otherwise reasonably be considered to be excluded, reduced, offset or otherwise effectively sheltered from tax under this Part by reason of any exemption, exclusion, deduction, credit (other than a credit for a tax substantially similar to tax under Part XIII) or other form of relief under this Act that (A) applies specifically in respect of all or a portion of the amount and not in computing income generally, or (B) arises in respect of the payment; (b) if the taxpayer is a partnership, determined by the formula is an amount that is included in respect of the payment in computing the income or loss of the partnership from any source, or from sources in a particular place, for the year, except to the extent that the amount (i) is included in the Canadian ordinary income of any taxpayer under paragraph (c), or (ii) can reasonably be considered to be excluded, reduced, offset or otherwise sheltered by any reason described in subparagraph (a)(iii), is the total of all amounts, each of which is, in respect of the partnership’s income or loss from that source or the sources in the particular place for the year, (i) the share of a member of the partnership that is a person resident in Canada, or (ii) the share of a member of the partnership that is a non-resident person to the extent it is included in computing the non-resident person’s taxable income earned in Canada, is the income or loss of the partnership from the source, or the sources in the particular place, for the year, and is the total of all amounts, each of which is an amount deductible, in respect of the payment, by a member of the partnership under section 112 or 113; or (c) determined by the formula E is the amount determined by the formula G is an amount that is included in respect of the payment in computing the foreign accrual property income of a controlled foreign affiliate of the taxpayer for a taxation year (as defined in subsection 95(1)) of the affiliate ending in the year, except to the extent the amount can reasonably be considered to be excluded, reduced, offset or otherwise effectively sheltered for any reason described in subparagraph (a)(iii), and H is the aggregate participating percentage (as defined in subsection 91(1.3)) of the taxpayer in respect of the affiliate for the taxation year of the affiliate, and (i) if the taxpayer is a partnership, the amount determined by the formula I is the total of all amounts each of which is a share of the amount determined for E of a member of the partnership that is a person resident in Canada, and controlled foreign company tax regime means a set of provisions under the tax laws of a particular country other than Canada under which a direct or indirect shareholder of an entity that is located in a country other than the particular country is subject to current taxation in respect of its share of all or part of the income earned by the entity, irrespective of whether that income is distributed currently to the shareholder. (régime fiscal des sociétés étrangères contrôlées) deductible, in relation to an amount in respect of a payment, means any relief that arises in respect of the payment and is equivalent in effect to a deduction, including (b) a refund of, or credit that can be applied to reduce or offset, income or profits tax paid or payable to a government of a country other than Canada in respect of the relevant foreign income or profits. (déductible) entity has the same meaning as in subsection 95(1). (entité) equity interest means any of the following: (b) an interest as a beneficiary under a trust; (c) an interest as a member of a partnership; or equity or financing return means a payment that can reasonably be considered to be in respect of, or determined by reference to, SUBDIVISION B Income or Loss from a Business or Property (a) revenue, profit, cash flow, commodity price or any other similar criterion; (b) dividends paid or payable to shareholders of any class of shares of the capital stock of a corporation, or income or capital paid or payable to any member of a partnership or beneficiary under a trust, or any other distribution in respect of any entity; or (c) an amount that is, or is on account of, in lieu of payment of or in satisfaction of, interest, or that is otherwise compensation for the use of money. (rendement financier ou de capitaux propres) exempt dealer compensation payment means a payment that (a) is a dealer compensation payment (as defined in subsection 260(1)); (b) is received by a registered securities dealer resident in Canada, as compensation for a taxable dividend paid on a share of the capital stock of a public corporation, from a non-resident corporation (referred to in this definition as the “affiliate”) that, at the time the payment is received, (i) is a controlled foreign affiliate of (B) another taxpayer that does not deal at arm’s length with the registered securities dealer, (ii) has a substantial market presence in a particular country other than Canada, (iii) makes the payment in the ordinary course of a business of trading in securities, if (A) the business is carried on by the affiliate as a foreign bank (as defined in subsection 95(1)), a trust company, a credit union, an insurance corporation or a trader or dealer in securities, (B) the activities of the business are regulated under the laws of (II) another country under the laws of which the affiliate is governed and any of its exists, was (unless the affiliate was continued in any jurisdiction) formed or organized, or was last continued and of each country in which the business is carried on through a permanent establishment, or SUBDIVISION B Income or Loss from a Business or Property (III) if the affiliate is related to a corporation, another country under the laws of which the related corporation is governed and any of exists, was (unless the related corporation was continued in any jurisdiction) formed or organized, or was last continued, if those regulating laws are recognized under the laws of the country in which the business is principally carried on and all of those countries are members of the European Union, and (iv) conducts the business, directly or indirectly, (A) principally with persons that (I) deal at arm’s length with the affiliate, and (II) are resident, or carry on business through a permanent establishment, in the particular country, and (B) in competition with other entities that (I) deal at arm’s length with the affiliate, and (II) have a substantial market presence in the particular country; and financial instrument means (b) an equity interest or any right that may reasonably be considered to replicate a right to participate in profits or gain of any entity; or (c) any other arrangement that gives rise to an equity or financing return. (instrument financier) foreign expense restriction rule means a provision under the tax laws of a country other than Canada that can reasonably be considered to (a) have an effect, or be intended to have an effect, that is substantially similar to subsection 18(4) or 18.2(2); or (b) have been enacted or otherwise brought into effect by the country with the intention of implementing, in whole or in part, (i) any of the recommendations set out in Limiting Base Erosion Involving Interest Deductions and Other Financial Payments, Action 4 – 2016 Update, published by the Organisation for Economic Co-operation and Development, or foreign hybrid mismatch rule means a provision, under the tax laws of a country other than Canada, that can reasonably be considered to (a) have an effect that is substantially similar to that of a provision under this section, section 12.7 or subsection 113(5); or (b) have been enacted or otherwise brought into effect by the country with the intention of implementing, in whole or in part, Neutralising the Effects of Hybrid Mismatch Arrangements, Action 2 – 2015 Final Report published by the Organisation for Economic Co-operation and Development, as amended from time to time. (règle étrangère d’asymétrie hybride) foreign ordinary income, of an entity for a foreign taxation year in respect of a payment, means an amount that is determined by the formula A is an amount (referred to in this definition as the “relevant amount”) that is included in respect of the payment in computing relevant foreign income or profits of the entity for the year (other than income or profits in respect of which the entity is subject to a tax substantially similar to tax under Part XIII, or a tax under a controlled foreign company tax regime or a specified minimum tax regime) because the entity is a recipient of the payment or has a direct or indirect equity interest in a recipient of the payment; (a) if the relevant amount is included in computing relevant foreign income or profits in respect of which the entity is subject to an income or profits tax that is charged at a nil rate, the relevant amount, or (b) in any other case, nil; C is any portion of the relevant amount that is included in computing relevant foreign income or profits of the entity for the year because of any foreign hybrid SUBDIVISION B Income or Loss from a Business or Property mismatch rule (other than any rule that is substantially similar in effect to subsection 113(5)); D is any portion of the relevant amount that can reasonably be considered to be excluded, reduced, offset or otherwise effectively sheltered from income or profits tax by reason of any exemption, exclusion, deduction, credit (other than a credit for tax payable under Part XIII) or other form of relief that (a) applies specifically in respect of all or a portion of the relevant amount and not in computing the entity’s relevant foreign income or profits in general, or (b) arises in respect of the payment; E is the amount determined by the formula G is the total of all amounts, each of which is an amount that (i) meets the following conditions: (A) is repaid or repayable in respect of income or profits tax paid or payable by the entity to the government of a country other than Canada in respect of the relevant foreign income or profits for the year, or (B) is not repaid or repayable because a deduction is used to reduce or offset the relevant foreign income or profits for the year, and (ii) is paid or payable in respect of a credit that can reasonably be considered to reduce or offset, directly or indirectly, the income or profits tax referred to in clause (i)(A), and H is the total amount of the income or profits tax referred to in clause (i)(A) of the description of G; and F is the amount determined by the formula I is the rate at which the income or profits tax referred to in clause (i)(A) in the description of G is charged in respect of the relevant amount, and J is the highest rate at which an income or profits tax imposed by the government of the country is charged in respect of an amount of income in respect of a financial instrument. (revenu ordinaire étranger) foreign taxation year of an entity means the period for which the accounts of the entity have been ordinarily made up for the purpose of computing relevant foreign income or profits of the entity, but no such period may exceed 53 weeks. (année d’imposition étrangère) hybrid mismatch amount, in respect of a payment, means (a) if the payment arises under a hybrid financial instrument arrangement, the amount of the hybrid financial instrument mismatch in respect of the payment; (b) if the payment arises under a hybrid transfer arrangement, the amount of the hybrid transfer mismatch in respect of the payment; or hybrid mismatch arrangement under which a payment arises means (a) a hybrid financial instrument arrangement under which the payment arises; (b) a hybrid transfer arrangement under which the payment arises; or (c) a substitute payment arrangement under which the payment arises. (dispositif hybride) payer of a payment includes any entity that has an obligation to pay, credit or confer, either immediately or in the future and either absolutely or contingently, the payment to an entity. (payeur) payment includes any amount or benefit that any entity has an obligation to pay, credit or confer, either immediately or in the future and either absolutely or contingently, to an entity. (paiement) recipient of a payment includes any entity that has an entitlement to be paid, credited or conferred, either immediately or in the future and either absolutely or contingently, the payment by an entity. (bénéficiaire) relevant foreign income or profits of an entity means income or profits in respect of which the entity is subject to an income or profits tax that is imposed by the government of a country other than Canada. (revenus ou bénéfices étrangers pertinents) specified entity, in respect of another entity at any time, means a particular entity if, taking into consideration the rules in subsection (17), (a) the particular entity at that time, either alone or together with entities with whom the particular entity does not deal at arm’s length, owns directly or indirectly equity interests in the other entity that (i) provide 25% or more of the votes that could be cast at an annual meeting of the shareholders, if the other entity is a corporation, or (ii) have 25% or more of the fair market value of all equity interests in the other entity; (b) the condition in paragraph (a) would be satisfied if the references in that paragraph to “particular entity” were read as references to “other entity” and the references to “other entity” were read as references to “particular entity”; or (c) a third entity at that time, either alone or together with entities with which the third entity does not deal at arm’s length, owns directly or indirectly equity interests in the particular entity and the other entity that, in respect of each of the particular entity and the other entity, (i) provide 25% or more of the votes that could be cast at an annual meeting of the shareholders, if the particular entity or the other entity, as the case may be, is a corporation, or (a) any provisions in respect of global intangible low-taxed income (as defined in section 951A of the Internal Revenue Code of 1986 of the United States, as amended from time to time); (b) any provisions under the tax laws of a country that can reasonably be considered to have been enacted or otherwise brought into effect by the country with the intention of implementing, in whole or in part, the Global Anti-Base Erosion Model Rules set out in Tax Challenges Arising from the Digitalisation of the Economy — Global Anti-Base Erosion Model Rules (Pillar Two), published by the Organisation for Economic Co-operation and Development; or (c) any provisions under the tax laws of a country that can reasonably be considered to have been enacted or SUBDIVISION B Income or Loss from a Business or Property otherwise brought into effect by the country with the intention of implementing, in whole or in part, a Qualified Domestic Minimum Top-up Tax (as defined in the model rules referred to in paragraph (b)). (régime fiscal minimum déterminé) structured arrangement means any transaction, or series of transactions, if (a) the transaction or series includes a payment that gives rise to a deduction/non-inclusion mismatch; and (b) it can reasonably be considered, having regard to all the facts and circumstances, including the terms or conditions of the transaction or series, that (i) portion of any economic benefit arising from the deduction/non-inclusion mismatch is reflected in the pricing of the transaction or series, or (ii) the transaction or series was otherwise designed to, directly or indirectly, give rise to the deduction/non-inclusion mismatch. (dispositif structuré) transaction includes an arrangement or event. (opération) SUBDIVISION B Income or Loss from a Business or Property
Pour l’application des paragraphes (12) et (14), un bien à revente précipitée d’un contribuable s’entend d’un bien (sauf un bien ou un droit d’acquérir un bien, qui serait un bien figurant à l’inventaire du contribuable si la définition de inventaire au paragraphe 248(1) se lisait comme ne tenant pas compte du paragraphe (12)) qui est : a) avant sa disposition par le contribuable, selon le cas : (i) un logement situé au Canada, (ii) un droit d’acquérir un logement situé au Canada; b) détenu par le contribuable pendant moins de 365 jours consécutifs avant sa disposition, sauf une disposition qui il est raisonnable de considérer qu’elle se produit en raison ou en prévision d’un des événements suivants : (i) le décès du contribuable ou d’une personne liée au contribuable, (ii) une ou plusieurs personnes liées au contribuable devenant membres du ménage du contribuable ou le contribuable devenant membre du ménage d’une personne liée, (iii) l’échec du mariage ou de l’union de fait du contribuable si celui-ci vit séparément de son époux ou conjoint de fait pour une période d’au moins quatre-vingt-dix jours avant la disposition, (iv) une menace à la sécurité personnelle du contribuable ou d’une personne liée, (v) le contribuable ou une personne liée souffre d’une incapacité ou d’une maladie grave, (viii) the insolvency of the taxpayer, or Flipped property — loss denial [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 12; 1996, c. 7, Sch. II, s. 7; Sch. II, s. 2, as amended by 1996, c. 23, s. 2; 1996, c. 23, s. 2; 1996, c. 21, s. 4; 1997, c. 25, s. 2; 2000, c. 25, s. 2; 2006, c. 4, s. 2; 2006, c. 4, s. 2; 2007, c. 35, s. 2; 2007, c. 35, s. 2; 2009, c. 2, s. 1; 2007, c. 35, s. 2; 2009, c. 2, s. 1; 2010, c. 25, s. 2; 2012, c. 31, s. 2; 2013, c. 33, s. 2; 2014, c. 39, s. 2; 2017, c. 33, s. 2; 2022, c. 19, s. 2; 2023, c. 26, s. 4; 2024, c. 15, s. 2; 2024, c. 17, s. 5; 2024, c. 17, s. 80. Cash bonus on Canada Savings Bonds [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1974-75-76, c. 26, s. 5; 1986, c. 6, s. 7. (a) an exempt policy,
This section, section 12.7 and subsection 113(5), as well as related provisions of the Act and the Income Tax Regulations, relate to the implementation of Neutralising the Effects of Hybrid Mismatch Arrangements, Action 2 – 2015 Final Report published by the Organisation for Economic Co-operation and Development and, unless the context otherwise requires, are to be interpreted consistently with that report, as amended from time to time. Primary rule — conditions for application (a) in the absence of this section and subsections 18(4) and 18.2(2), an amount would be deductible, in respect of the payment, in computing a taxpayer’s income from a business or property for a taxation year; and (b) that amount is the deduction component of a hybrid mismatch arrangement under which the payment arises. Primary rule — consequences
[Repealed, 1994, c. 7, Sch. II, s. 8(2)] Idem exceeds d’un contrat dans le cadre duquel le titulaire de la police a, selon les modalités d’une police d’assurance-vie qui n’est pas un contrat de rente et qui a été acquise pour la dernière fois avant le 2 décembre 1982, reçu le produit sous forme de contrat de rente.
If this subsection applies in respect of a payment, notwithstanding any other provision of this Act, in computing a taxpayer’s income from a business or property for a taxation year, no deduction shall be made in respect of the payment to the extent of the hybrid mismatch amount in respect of the payment. Structured arrangements — exception
[Abrogé, 1994, ch. 7, ann. II, art. 8] Idem
If subsection (4) or 12.7(3) would, in the absence of this subsection, apply in respect of a payment in computing a taxpayer’s income from a business or property for a taxation year, that subsection does not apply in respect of the payment if (a) there would be no hybrid mismatch arrangement in respect of the payment if the payment did not arise under, or in connection with, a structured arrangement; (b) at the time that the taxpayer entered into, or acquired an interest in any part of a transaction that is, or is part of, the structured arrangement, it was not reasonable to expect that any of the following entities were aware of the deduction/non-inclusion mismatch arising from the payment: (i) the taxpayer, (ii) an entity with which the taxpayer does not deal at arm’s length, or (c) none of the entities described in subparagraphs (b)(i) to (iii) shared in the value of any economic benefit resulting from the deduction/non-inclusion mismatch.
Le contribuable qui, au cours d’une année d’imposition, détient un intérêt dans un contrat de rente auquel le paragraphe (1) s’applique, ou s’appliquerait si le jour anniversaire du contrat survenait dans l’année à un moment où le contribuable détenait l’intérêt, doit inclure dans le calcul de son revenu pour l’année l’excédent éventuel du total visé à l’alinéa a) sur le total visé à l’alinéa b) : a) le total des montants dont chacun représente un montant déterminé à la fin de l’année, relativement à l’intérêt, selon l’un des éléments H à L de la définition de coût de base rajusté au paragraphe 148(9); b) le total des montants dont chacun représente un montant déterminé à la fin de l’année, relativement à l’intérêt, selon l’un des éléments H à L de la définition visée à l’alinéa a). Présomption d’acquisition d’un intérêt dans une rente
For the purposes of this section and section 12.7, a payment gives rise to a deduction/non-inclusion mismatch if (a) the following condition is met: A is the total of all amounts, each of which would, in the absence of this section and subsections 18(4) and 18.2(2), be deductible in respect of the payment, in computing the income of a taxpayer from a business or property under this Part for a taxation year (referred to in this paragraph as the “relevant year”), and B is the total of all amounts each of which, in respect of the payment, (i) can reasonably be expected to be — and actually is — foreign ordinary income of an entity for a foreign taxation year that begins on or before the day that is 12 months after the end of the relevant year, or (ii) is Canadian ordinary income of a taxpayer for a taxation year that begins on or before the SUBDIVISION B Income or Loss from a Business or Property (b) the following condition is met: C is the total of all amounts, each of which, in the absence of any foreign expense restriction rule, would be — or would reasonably be expected to be — deductible, in respect of the payment, in computing relevant foreign income or profits of an entity for a foreign taxation year (referred to in this paragraph as the “relevant foreign year”), and D is the total of all amounts, each of which, in respect of the payment, (i) would, in the absence of section 12.7, be Canadian ordinary income of a taxpayer for a taxation year that begins on or before the day that is 12 months after the end of the relevant foreign year, or (ii) can reasonably be expected to be — and actually is — foreign ordinary income of another entity for a foreign taxation year that begins on or before the day that is 12 months after the end of the relevant foreign year.
Pour l’application du présent article, la première prime qui n’a pas été fixée avant 1990 et qui a été payée après 1989 par un contribuable, ou pour son compte, dans le cadre d’un contrat de rente — à l’exception d’un contrat visé à l’alinéa (1)d) du présent article ou à l’alinéa 12.2(3)e) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, d’un contrat auquel le paragraphe (1) du présent article ou le paragraphe 12.2(4) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, s’applique (tels que ces alinéas et ces paragraphes, désignés selon la numérotation en vigueur avant le 17 décembre 1991, dans leur application aux polices d’assurance-vie acquises pour la dernière fois avant 1990) et d’un contrat auquel le paragraphe 12(3) s’applique — qu’il a acquis pour la dernière fois avant 1990 (appelé « contrat initial » au présent paragraphe) est réputée avoir été payée, au moment où la prime est devenue exigible, pour acquérir un intérêt dans un contrat de rente distinct établi à ce moment, dans la mesure où le montant de cette prime n’a pas été fixé avant 1990. Chaque prime payée postérieurement dans le cadre du contrat initial est réputée avoir été payée dans le cadre d’un tel contrat distinct, dans la mesure où le montant de cette prime n’a pas été fixé avant 1990. Riders Definitions
For the purposes of this section and section 12.7, if a payment gives rise to a deduction/non-inclusion mismatch, (a) the amount, if any, determined for A in paragraph (6)(a) in respect of the payment is the deduction component of the deduction/non-inclusion mismatch; (b) the amount, if any, determined for C in paragraph (6)(b) in respect of the payment is the foreign deduction component of the deduction/non-inclusion mismatch; and (c) the amount of the deduction/non-inclusion mismatch arising from the payment is determined by the formula (iii) if paragraph (6)(b) applies in respect of the payment, the foreign deduction component of the deduction/non-inclusion mismatch, and (A) where the amount determined for B in paragraph (6)(a) in respect of the payment is equal to 10% or less of the amount determined for A, nil, and (B) in any other case, the amount determined for B in paragraph (6)(a) in respect of the payment, or (A) where the amount determined for D in paragraph (6)(b) in respect of the payment is equal to 10% or less of the amount determined for A, nil, and (B) in any other case, the amount determined for D in paragraph (6)(b) in respect of the payment.
In this section and paragraph 56(1)(d.1) of the *Income Tax Act*, chapter 148 of the Revised Statutes of Canada, 1952, Application of ss. 138(12) and 148(9)
Any amount that has already been included, directly or indirectly, in computing foreign ordinary income or Canadian ordinary income of a particular entity in respect of a payment shall not be included, directly or indirectly, in computing foreign ordinary income or Canadian ordinary income of the particular entity or any other entity in respect of the payment. Notional interest expense — deemed payment
The definitions in subsections 138(12) and 148(9) apply to this section. Application of s. 148(10)
For the purposes of this section (other than this subsection) and section 12.7, if, in the absence of any foreign expense restriction rule, an amount (referred to in this subsection as the “deductible amount”) would be, or can reasonably be expected to be, deductible in respect of a notional interest expense on a debt in computing the relevant foreign income or profits of an entity for a foreign taxation year (a) the entity is deemed to make a payment in the year under the debt to the creditor in respect of the debt, in an amount equal to the deductible amount, and the creditor is deemed to be a recipient of the payment; (b) the deductible amount is deemed to be in respect of the payment; (c) any amount that is foreign ordinary income or Canadian ordinary income of the creditor in respect of notional interest income on the debt, that is calculated in respect of the same time period as the notional interest expense, is deemed to arise in respect of the payment; and Hybrid financial instrument arrangement — conditions
Subsection 148(10) applies to this section. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 12.2; 1994, c. 7, Sch. II, s. 8; 1998, c. 19, s. 72.
For the purposes of this section and section 12.7, a payment arises under a hybrid financial instrument arrangement if (a) the payment (other than a payment described in paragraphs (14)(a) to (d)) arises under, or in connection with, a financial instrument; (b) any of the following conditions is satisfied: (i) a payer of the payment does not deal at arm’s length with, or is a specified entity in respect of, a recipient of the payment, or (ii) the payment arises under, or in connection with, a structured arrangement; (c) the payment gives rise to a deduction/non-inclusion mismatch; and (i) arises in whole or in part because of a difference in the treatment of the financial instrument — or of one or more transactions, either alone or together, where the transaction or transactions are part of a transaction or series of transactions that includes the payment or relates to the financial instrument — for tax purposes under the laws of more than one country that is attributable to the terms or conditions of the financial instrument or transaction or transactions, or (ii) would arise in whole or in part because of a difference described in subparagraph (i), if any other reason for the deduction/non-inclusion mismatch were disregarded. Hybrid financial instrument arrangement — amount
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 12.3; 1996, c. 23, s. 3; 2013, c. 34, s. 174. Bad debt inclusion Avenants
For the purposes of this section and section 12.7, if a payment arises under a hybrid financial instrument arrangement, (a) the amount of the hybrid financial instrument mismatch, in respect of the payment, is the portion of the amount of the deduction/non-inclusion mismatch arising from the payment that meets the condition in subparagraph (10)(d)(i) or (ii); (b) the deduction component, if any, of the deduction/non-inclusion mismatch is the deduction component of the hybrid financial instrument arrangement in respect of the payment; and (c) the foreign deduction component, if any, of the deduction/non-inclusion mismatch is the foreign deduction component of the hybrid financial instrument arrangement in respect of the payment. Hybrid transfer arrangement — conditions
Pour l’application de la présente loi, l’avenant qui est ajouté, à un moment donné après 1989, à une police d’assurance-vie acquise pour la dernière fois avant 1990 et qui prévoit de l’assurance-vie supplémentaire est réputé être une police d’assurance-vie distincte établie à ce moment, sauf si, selon le cas : a) la police est une police exonérée acquise pour la dernière fois après le 1er décembre 1982 ou un contrat de rente; b) la seule assurance-vie supplémentaire prévue à l’avenant est une prestation pour décès accidentel. Définitions
For the purposes of this section and section 12.7, a payment (other than an exempt dealer compensation payment) arises under a hybrid transfer arrangement if (a) the payment arises under, or in connection with, (i) a transaction or series of transactions (referred to in this subsection as the “transfer arrangement”) that includes a loan or a disposition or other transfer by an entity to another entity (referred to in this subsection as the “transferor” and “transferee,” respectively) of all or a portion of a financial instrument (referred to in this subsection as the “transferred instrument”), or (b) any of the following conditions is satisfied: (i) at any time during the transfer arrangement (A) a payer of the payment does not deal at arm’s length with, or is a specified entity in respect of, a recipient of the payment, or (B) the transferor does not deal at arm’s length with, or is a specified entity in respect of, the transferee, or (ii) the payment arises under, or in connection with, a structured arrangement; (c) the payment gives rise to a deduction/non-inclusion mismatch; and (d) it can reasonably be considered that the deduction/non-inclusion mismatch arises (or would arise, if any reason for the mismatch other than the reasons described in subparagraphs (i) and (ii) were disregarded), in whole or in part, because (i) if the payment arises as compensation for a particular payment under the transferred instrument, (A) the tax laws of one country treat all or a portion of the payment as though it has the same character as or represents, the particular payment, in determining the tax consequences to an entity that is a recipient of the payment but not of the particular payment, and (B) the tax laws of another country treat all or a portion of the payment as a deductible expense of another entity, or (ii) in any other case (A) the tax laws of one country treat one or more transactions included in the transfer arrangement, either alone or together, as or as equivalent to a borrowing or other indebtedness, or treat all or a portion of the payment as arising under, or in connection with, a borrowing or other indebtedness, and the tax laws of another country do not treat the transaction or transactions, or the payment, as the case may be, in that manner, or (B) the tax laws of one country treat the payment, or any other payment arising under, or in connection with, the transfer arrangement or transferred instrument, as though the payment or other payment, as the case may be, was derived by one entity and the tax laws of another country treat the payment or other payment, as the case may be, as though it was derived by another entity, because of a difference in how the countries treat one or more transactions included in the transfer arrangement, either alone or together. Hybrid transfer arrangement — amount
Les définitions qui suivent s’appliquent au présent article et à l’alinéa 56(1)d.1) de la *Loi de l’impôt sur le revenu*, chapitre 148 des Statuts revisés du Canada de1952. jour anniversaire Dans le cas d’une police d’assurance-vie, les jours suivants : a) le jour qui revient un an après la veille du jour d’établissement de la police; b) chaque jour qui revient à chaque intervalle successif d’un an après le jour déterminé à l’alinéa a). (*anniversary day*) police exonérée S’entend au sens du règlement. (*exempt policy*) Application des par. 138(12) et 148(9)
For the purposes of this section and section 12.7, if a payment arises under a hybrid transfer arrangement, (a) the amount of the hybrid transfer mismatch, in respect of the payment, is the portion of the amount of the deduction/non-inclusion mismatch arising from the payment that meets a condition in subparagraph (12)(d)(i) or (ii); (b) the deduction component, if any, of the deduction/non-inclusion mismatch is the deduction component of the hybrid transfer arrangement in respect of the payment; and (c) the foreign deduction component, if any, of the deduction/non-inclusion mismatch is the foreign deduction component of the hybrid transfer arrangement in respect of the payment. Substitute payment arrangement — conditions
Les définitions figurant aux paragraphes 138(12) et 148(9) s’appliquent au présent article. Application du par. 148(10)
For the purposes of this section and section 12.7, a payment arises under a substitute payment arrangement if (a) the payment arises under, or in connection with, an arrangement under which all or a portion of a financial instrument is loaned or disposed of or otherwise transferred by an entity to another entity (referred to in this subsection as the “transferor” and “transferee”, respectively); (b) the transferee, or an entity that does not deal at arm’s length with the transferee, is a payer of the payment; (c) the transferor, or an entity that does not deal at arm’s length with the transferor, is a recipient of the payment; (d) all or a portion of the payment can reasonably be considered to represent or otherwise reflect, or be determined by reference to (i) another payment (referred to in this subsection and subsection (15) as the “underlying return”) that arises under, or in connection with, the financial instrument, or (ii) revenue, profit, cash flow, commodity price or any other similar criterion; (e) any of the following conditions is satisfied: (i) at any time during that series of transactions that includes the arrangement, (A) a payer of the payment does not deal at arm’s length with, or is a specified entity in respect of, a recipient of the payment, or (B) the transferor does not deal at arm’s length with, or is a specified entity in respect of, the transferee, or (ii) the payment arises under, or in connection with, a structured arrangement; (i) would give rise to a deduction/non-inclusion mismatch if any Canadian ordinary income of a taxpayer for a taxation year and any foreign ordinary income of an entity for a foreign taxation year, in respect of the payment, were limited to the portion of those amounts that can reasonably be considered to relate to the portion of the payment that is described in paragraph (d), or (ii) if the condition in subparagraph (i) is not met, would meet the condition in subparagraph (i) if any amount that, in the absence of this section, subsections 18(4) and 18.2(2) or any foreign expense restriction rule, would be — or would reasonably be expected to be — deductible by the transferee in respect of the underlying return were instead considered to be deductible in respect of the payment, to the extent that the amount (A) would be — or would reasonably be expected to be — deductible by the transferee in computing its income from a business or property for a taxation year or its relevant foreign income or profits for a foreign taxation year, as the case may be, and (B) would be — or would reasonably be expected to be — so deductible because the underlying return accrued (or is considered to accrue) for a period before the transfer; (g) one of the following conditions is satisfied: (i) the transferee or an entity that does not deal at arm’s length with the transferee is a recipient of the underlying return — or, if subparagraph (d)(ii) applies, a distribution under the financial instrument — and the amount of the underlying return or the distribution, as the case may be, exceeds the total of all amounts, in respect of the underlying return or the distribution, as the case may be, each of which can reasonably be expected to be — and actually is — foreign ordinary income for a foreign taxation year or Canadian ordinary income for a taxation year, as the case may be, of the recipient, (ii) the condition in subparagraph (i) would be satisfied if the transferee were the recipient of the underlying return, or, if subparagraph (d)(ii) applies, a distribution under the financial instrument, or (iii) if the transferor were the recipient of the underlying return, or, if subparagraph (d)(ii) applies, a distribution under the financial instrument, (A) an amount in respect of the underlying return or distribution, as the case may be, would reasonably be expected to be foreign ordinary income for a foreign taxation year or Canadian ordinary income for a taxation year, as the case may be, of the transferor, (B) the underlying return or distribution, as the case may be, would arise under a hybrid mismatch arrangement, or (C) a foreign hybrid mismatch rule would reasonably be expected to apply in respect of the underlying return or distribution, as the case may be; and (h) one of the following entities is not resident in Canada: (iii) a recipient of the payment, (iv) a payer of the payment, (v) the issuer of the financial instrument, (vi) a recipient of the underlying return, and (vii) if an entity described in any of subparagraphs (i) to (vi) is a partnership, a member of that entity. Substitute payment arrangement — amount
Le paragraphe 148(10) s’applique au présent article. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 12.2; 1994, ch. 7, ann. II, art. 8; 1998, ch. 19, art. 72.
For the purposes of this section and section 12.7, if a payment arises under a substitute payment arrangement, (a) the amount of the substitute payment mismatch, in respect of the payment, is the lesser of (i) the amount of the deduction/non-inclusion mismatch arising from the payment, (A) if the condition in subparagraph (14)(f)(i) applies, determined based on the assumption in that subparagraph, or (B) if the condition in subparagraph (14)(f)(ii) applies, determined based on the assumption in that subparagraph, and (ii) the amount of the payment, or the portion of the payment, as the case may be, described in paragraph (14)(d); (b) the deduction component, if any, of the deduction/non-inclusion mismatch is the deduction component of the substitute payment arrangement in respect of the payment; (c) the foreign deduction component, if any, of the deduction/non-inclusion mismatch is the foreign deduction component of the substitute payment arrangement in respect of the payment; and (d) if the condition in subparagraph (14)(f)(ii) is met in respect of the payment, any amount that, in the absence of this section, subsections 18(4) and 18.2(2) or any foreign expense restriction rule, would be — or would reasonably be expected to be — deductible by the transferee in respect of the underlying return that meets the conditions in clauses 14(f)(ii)(A) and (B) is deemed to be deductible by the transferee in respect of the payment for the purposes of applying subsections (3) and (4) and section 12.7. Substituted instruments
[NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 12.3; 1996, ch. 23, art. 3; 2013, ch. 34, art. 174. Inclusion des créances irrécouvrables
For the purposes of this section and section 12.7, any financial instrument that is substituted for a particular financial instrument is deemed to be the particular financial instrument.
exceeds Definitions A – B where son revenu pour l’année tiré de l’entreprise dans laquelle le bien est utilisé ou détenu : a) le total des montants que le contribuable déduit au titre du bien en application de l’alinéa 20(1)p) dans le calcul de son revenu pour l’année ou pour une année d’imposition antérieure; b) le total des montants que le contribuable inclut au titre du bien en application de l’alinéa 12(1)j) dans le calcul de son revenu pour l’année ou pour une année d’imposition antérieure. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs applicables.] 1988, ch. 55, art. 5. Définitions
For the purposes of the definition **specified entity** in subsection (1), the following rules apply: (a) in determining the equity interests owned, directly or indirectly, by any entity (in this paragraph referred to as the “first entity”) in any other entity at any time, (i) the rights of the first entity, and any entities with which it does not deal at arm’s length, that are rights referred to in the portion of the definition **specified shareholder** in subsection 18(5) after paragraph (b) of that definition or in paragraph (a) or (b) of the definition **specified beneficiary** in that subsection, or that are similar rights in respect of partnerships or any other entity, are deemed to be immediate and absolute and to have been exercised at that time, and (ii) paragraph (c) of the definition **specified beneficiary** in subsection 18(5) is deemed to apply at that time and the references in that definition to “particular person” are to be read as references to “first entity”; and (i) the particular entity would, but for this paragraph, be a specified entity in respect of the other entity at that time, (ii) there was in effect at that time an agreement or arrangement under which, on the satisfaction of a condition or the occurrence of an event that it is reasonable to expect will be satisfied or will occur, the particular entity will cease to be a specified entity in respect of the other entity, and (iii) the purpose for which the particular entity became a specified entity was the safeguarding of rights or interests of the particular entity or an entity with which the particular entity is not dealing at arm’s length in respect of any indebtedness owing at any time to the particular entity or an entity with which the particular entity is not dealing at arm’s length.
année de base L’année d’imposition d’un assureur qui précède son année transitoire. (base year) année transitoire La première année d’imposition d’un assureur qui commence après septembre 2006. (transition year) entreprise d’assurance Entreprise d’assurance exploitée par un assureur, à l’exclusion d’une entreprise d’assurance-vie. (insurance business) montant transitoire Le montant transitoire d’un assureur relativement à une entreprise d’assurance qu’il exploite au Canada au cours de son année transitoire correspond à la somme positive ou négative obtenue par la formule suivante : A – B où : A représente la somme maximale que l’assureur pourrait déduire en application de l’alinéa 20(7)c) (et qui serait visée à l’article 1400 du Règlement de l’impôt sur le revenu pour l’application de cet alinéa) à titre de provision technique pour son année de base à l’égard de ses polices d’assurance, si, à la fois : a) les principes comptables généralement reconnus qui se sont appliqués à l’assureur pour la valorisation de ses actifs et passifs pour son année transitoire s’étaient appliqués à lui pour son année de base; b) l’article 1400 du Règlement de l’impôt sur le revenu, dans sa version applicable à l’année transitoire de l’assureur, s’appliquait à son année de base; Transition year income inclusion A × B/1825 where Winding-up B la somme maximale que l’assureur peut déduire en application de l’alinéa 20(7)c) à titre de provision technique pour son année de base. (reserve transition amount) Somme à inclure dans le revenu — année transitoire
For the purposes of this section and section 12.7, a person or partnership that is a member of a particular partnership that is a member of another partnership is deemed to be a member of the other partnership, and the person or partnership is deemed to have, directly, rights to the income or capital of the other partnership to the extent of the person or partnership’s direct and indirect rights to that income or capital.
Est à inclure dans le calcul du revenu d’un assureur pour son année transitoire provenant d’une entreprise d’assurance qu’il exploite au Canada au cours de cette année, le montant positif de son montant transitoire relatif à cette entreprise. Annulation de la déduction — année transitoire
For the purposes of this section and section 12.7, if there would, in the absence of this subsection, be multiple recipients of a particular payment, each portion of the particular payment that arises to each recipient is deemed to be a separate payment. Anti-avoidance
Si une somme a été déduite en application du paragraphe 20.4(2) dans le calcul du revenu de l’assureur pour son année transitoire provenant d’une entreprise d’assurance qu’il exploite au Canada, est à inclure dans le calcul du revenu de l’assureur, pour chacune des années d’imposition se terminant après le début de l’année transitoire, provenant de cette entreprise, la somme obtenue par la formule suivante : A × B/1825 où : A la somme déduite en application du paragraphe 20.4(2) dans le calcul du revenu de l’assureur pour l’année transitoire provenant de l’entreprise; B le nombre de jours de l’année d’imposition en cours qui sont antérieurs au jour situé 1825 jours le premier jour de l’année transitoire. Liquidation
The tax consequences (as defined in subsection 245(1)) to a person shall be determined in order to deny a tax benefit (as defined in subsection 245(1)) to the extent necessary to eliminate any deduction/non-inclusion mismatch, or other outcome that is substantially similar to a deduction/non-inclusion mismatch, arising from a payment if (a) it can reasonably be considered that one of the main purposes of a transaction or series of transactions that includes the payment is to avoid or limit the application of subsection (4), 12.7(3) or 113(5) in respect of the payment; and (b) any of the following conditions is met: (i) the payment is a dividend and an amount would be — or would reasonably be expected to be — deductible in respect of the payment in computing relevant foreign income or profits of an entity for a foreign taxation year, (ii) the mismatch or other outcome arises in whole or in part because of a difference in tax treatment of any transaction or series of transactions under the laws of more than one country that is attributable to the terms or conditions of the transaction or one or more transactions included in the series, or (iii) the mismatch or other outcome would arise in whole or in part because of a difference described in subparagraph (ii), if any other reason for the mismatch or other outcome were disregarded. SUBDIVISION b Income or Loss from a Business or Property
Si un assureur est liquidé dans une autre société (appelée « société mère » au présent paragraphe) dans le cadre d’une liquidation à laquelle le paragraphe 88(1) s’applique et que la société mère exploite une entreprise d’assurance immédiatement après la liquidation, pour l’application des paragraphes (3) et 20.4(3) au calcul des revenus de l’assureur et de la société mère pour des années d’imposition se terminant au plus tôt le premier jour (appelé « date de début » au présent paragraphe) où des éléments d’actif de l’assureur ont été distribués à la société mère lors de la liquidation, les règles suivantes s’appliquent : a) en ce qui a trait aux sommes ci-après, la société mère est réputée être la même société que l’assureur, et en être la continuation, à compter de la date de début : Amalgamations (i) toute somme incluse en application du paragraphe (2), ou déduite en application du paragraphe 20.4(2), dans le calcul du revenu de l’assureur provenant d’une entreprise d’assurance pour son année transitoire, (ii) toute somme incluse en application du paragraphe (3), ou déduite en application du paragraphe 20.4(3), dans le calcul du revenu de l’assureur provenant d’une entreprise d’assurance pour une année d’imposition de celui-ci commençant avant la date de début, (iii) toute somme qui — en l’absence du présent paragraphe et à supposer que l’assureur existe, et exploite une entreprise d’assurance, chaque jour qui est la date de début ou à une date postérieure et auquel la société mère exploite une entreprise d’assurance — serait à inclure en application du paragraphe (3), ou à déduire en application du paragraphe 20.4(3), relativement à ces jours, dans le calcul du revenu de l’assureur provenant d’une entreprise d’assurance; b) l’assureur est tenu de déterminer, relativement à chacune de ses années d’imposition données, la valeur de l’élément B des formules figurant aux paragraphes (3) et 20.4(3) sans tenir compte de la date de début ni des jours qui y sont postérieurs. Fusions
Each taxpayer shall file with its return of income for a taxation year a prescribed form containing prescribed information if, in computing the taxpayer’s income for the taxation year, (a) an amount is not deductible in respect of a payment because of subsection (4); or (b) subsection 12.7(3) includes an amount in respect of a payment. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2024, c. 16, s. 8. Limitation re advertising expense — newspapers
S’il y a fusion, au sens du paragraphe 87(1), d’un assureur et d’une ou de plusieurs autres sociétés et que la société issue de la fusion (appelée « nouvelle société » au présent paragraphe) exploite une entreprise d’assurance immédiatement après la fusion, pour l’application des paragraphes (3) et 20.4(3) au calcul du revenu de la nouvelle société pour des années d’imposition données commençant à la date de la fusion ou par la suite, la nouvelle société est réputée être la même société que l’assureur, et en être la continuation, relativement à ce qui suit : a) toute somme incluse en application du paragraphe (2), ou déduite en application du paragraphe 20.4(2), dans le calcul du revenu de l’assureur provenant d’une entreprise d’assurance pour son année transitoire; b) toute somme incluse en application du paragraphe (3), ou déduite en application du paragraphe 20.4(3), dans le calcul du revenu de l’assureur provenant d’une entreprise d’assurance pour une année d’imposition de celui-ci commençant avant la date de fusion; Income Tax PART I Income Tax DIVISION B Computation of Income
(a) the issue is a Canadian issue of a Canadian newspaper; or (b) the issue is an issue of a newspaper that would be a Canadian issue of a Canadian newspaper except that (i) its type has been wholly set in the United States or has been partly set in the United States with the remainder having been set in Canada, or (ii) it has been wholly printed in the United States or has been partly printed in the United States with the remainder having been printed in Canada.
Application of subsection (7) (a) subsection 138(11.5) or (11.94) applies to the transfer; or Impôt sur le revenu
Subsection 19(1) does not apply with respect to an advertisement in a special issue or edition of a newspaper that is edited in whole or in part and printed and published outside Canada if that special issue or edition is devoted to features or news related primarily to Canada and the publishers thereof publish such an issue or edition not more frequently than twice a year.
In this section, Canadian issue of a newspaper means an issue, including a special issue, (a) the type of which, other than the type for advertisements or features, is set in Canada, SUBDIVISION B Income or Loss from a Business or Property (b) all of which, exclusive of any comics supplement, is printed in Canada, (c) that is edited in Canada by individuals resident in Canada, and Canadian newspaper means a newspaper the exclusive right to produce and publish issues of which is held by one or more of the following: (i) in which interests representing in value at least 3/4 of the total value of the partnership property are beneficially owned by, and (ii) at least 3/4 of each income or loss of which from any source is included in the determination of the income of, corporations described in paragraph (e) or Canadian citizens or any combination thereof, (c) an association or society of which at least 3/4 of the members are Canadian citizens, (i) that is incorporated under the laws of Canada or a province, (ii) of which the chairperson or other presiding officer and at least 3/4 of the directors or other similar officers are Canadian citizens, and (iii) that, if it is a corporation having share capital, is (A) a public corporation a class or classes of shares of the capital stock of which are listed on a designated stock exchange in Canada, other than a corporation controlled by citizens or subjects of a country other than Canada, or (B) a corporation of which at least 3/4 of the shares having full voting rights under all circumstances, and shares having a fair market value in total of at least 3/4 of the fair market value of all of the issued shares of the corporation, are beneficially owned by Canadian citizens or by public corporations a class or classes of shares of the capital stock of which are listed on a designated stock exchange in Canada, other than a public corporation controlled by citizens or subjects of a country other than Canada, and, for the purposes of clause (B), where shares of a class of the capital stock of a corporation are owned, or deemed by this definition to be owned, at any time by another corporation (in this definition referred to as the “holding corporation”), other than a public corporation a class or classes of shares of the capital stock of which are listed on a designated stock exchange in Canada, each shareholder of the holding corporation shall be deemed to own at that time that proportion of the number of such shares of that class that (C) the fair market value of the shares of the capital stock of the holding corporation owned at that time by the shareholder is of (D) the fair market value of all the issued shares of the capital stock of the holding corporation outstanding at that time, and where at any time shares of a class of the capital stock of a corporation are owned, or are deemed by this definition to be owned, by a partnership, each member of the partnership shall be deemed to own at that time the least proportion of the number of such shares of that class that (E) the member’s share of the income or loss of the partnership from any source for its fiscal period that includes that time is of (F) the income or loss of the partnership from that source for its fiscal period that includes that time, and for this purpose, where the income and loss of a partnership from any source for a fiscal period are nil, the partnership shall be deemed to have had income from that source for that period in the amount of $1,000,000; (journal canadien) United States means SUBDIVISION B Income or Loss from a Business or Property (a) the United States of America, but does not include Puerto Rico, the Virgin Islands, Guam or any other United States possession or territory, and (b) any areas beyond the territorial sea of the United States within which, in accordance with international law and its domestic laws, the United States may exercise rights with respect to the seabed and subsoil and the natural resources of those areas. (États-Unis) (5.1) In this section, each of the following is deemed to be a Canadian citizen: (a) a trust or corporation described in paragraph 149(1)(o) or (o.1) formed in connection with a pension plan that exists for the benefit of individuals a majority of whom are Canadian citizens; (b) a trust described in paragraph 149(1)(r) or (x), the annuitant in respect of which is a Canadian citizen; (c) a mutual fund trust, within the meaning assigned by subsection 132(6), other than a mutual fund trust the majority of the units of which are held by citizens or subjects of a country other than Canada; (d) a trust, each beneficiary of which is a person, partnership, association or society described in any of paragraphs (a) to (e) of the definition Canadian newspaper in subsection (5); and
Where the right that is held by any person, partnership, association or society described in the definition Canadian newspaper in subsection (5) to produce and publish issues of a newspaper is held as property of a trust or estate, the newspaper is not a Canadian newspaper unless each beneficiary under the trust or estate is a person, partnership, association or society described in that definition.
A Canadian newspaper that would, but for this subsection, cease to be a Canadian newspaper, is deemed to continue to be a Canadian newspaper until the end of the 12th month that follows the month in which it would, but for this subsection, have ceased to be a Canadian newspaper. SUBDIVISION B Income or Loss from a Business or Property Non-Canadian newspaper
une entreprise d’assurance, chaque jour qui correspond à la date de la fusion ou à une date postérieure et auquel la nouvelle société exploite une entreprise d’assurance — serait à inclure en application du paragraphe (3), ou à déduire en application du paragraphe 20.4(3), relativement à ces jours, dans le calcul du revenu de l’assureur provenant d’une entreprise d’assurance. Application du par. (7)
Where at any time one or more persons or partnerships that are not described in any of paragraphs (a) to (e) of the definition Canadian newspaper in subsection (5) have any direct or indirect influence that, if exercised, would result in control in fact of a person or partnership that holds a right to produce or publish issues of a newspaper, the newspaper is deemed not to be a Canadian newspaper at that time.
Le paragraphe (7) s’applique dans le cas où un assureur (appelé « cédant » au présent paragraphe et au paragraphe (7)) transfère à une société qui lui est liée (appelée « cessionnaire » au présent paragraphe et au paragraphe (7)) un bien relatif à une entreprise d’assurance que le cédant exploite au Canada (appelée « entreprise transférée » au présent paragraphe et au paragraphe (7)) et a) le paragraphe 138(11.5) ou (11.94) s’applique au transfert; b) le paragraphe 85(1) s’applique au transfert, le transfert porte sur la totalité ou la presque totalité des biens et des obligations de l’entreprise transférée et le cessionnaire exploite une entreprise d’assurance immédiatement après le transfert. Transfert d’entreprise d’assurance
advertisement directed at the Canadian market has the same meaning as the expression directed at the Canadian market in section 2 of the Foreign Publishers Advertising Services Act and includes a reference to that expression made by or under that Act. (annonce destinée au marché canadien) (a) the author of which is a Canadian citizen or a permanent resident of Canada within the meaning assigned by the Immigration Act and, for this purpose, “author” includes a writer, a journalist, an illustrator and a photographer; or (b) that is created for the Canadian market and has not been published in any other edition of that issue of the periodical published outside Canada. (contenu rédactionnel original) periodical has the meaning assigned by section 2 of the Foreign Publishers Advertising Services Act. (périodique) Limitation re advertising expenses — periodicals
Dans le cas où le présent paragraphe s’applique relativement au transfert d’un bien, les règles suivantes s’appliquent : a) en ce qui a trait aux sommes ci-après, le cessionnaire est réputé être la même société que le cédant, et en être la continuation, à compter du moment du transfert : (i) toute somme — incluse en application du paragraphe (2), ou déduite en application du paragraphe 20.4(2), dans le calcul du revenu du cédant pour son année transitoire — qu’il est raisonnable d’attribuer à l’entreprise transférée, (ii) toute somme — incluse en application du paragraphe (3), ou déduite en application du paragraphe 20.4(3), dans le calcul du revenu du cédant pour une année d’imposition de celui-ci commençant avant ce moment — qu’il est raisonnable d’attribuer à l’entreprise transférée, (iii) toute somme qui — en l’absence du présent paragraphe et à supposer que le cédant existe, et exploite une entreprise d’assurance, chaque jour comprenant ce moment ou est postérieur auquel A – B where Ceasing to exist le cessionnaire exploite une entreprise d’assurance — serait à inclure en application du paragraphe (3), ou à déduire en application du paragraphe 20.4(3), relativement à ces jours, dans le calcul du revenu du cédant et qui est raisonnable d’attribuer à l’entreprise transférée; b) pour déterminer, relativement au jour qui comprend le moment du transfert ou à est postérieure, toute somme à inclure en application du paragraphe (3), ou à déduire en application du paragraphe 20.4(3), dans le calcul du revenu du cédant pour chaque année d’imposition donnée provenant de l’entreprise transférée, la valeur de l’élément A des formules figurant à ces paragraphes est réputée être nulle. Cessation de l’exploitation d’une entreprise
Subject to subsections (3) and (4), in computing income, no deduction shall be made by a taxpayer in respect of an otherwise deductible outlay or expense for advertising space in an issue of a periodical for an advertisement directed at the Canadian market.
Lorsqu’un assureur cesse d’exploiter la totalité ou la presque totalité d’une entreprise d’assurance (appelée « entreprise discontinue » au présent paragraphe) et qu’aucun des paragraphes (4) à (6) ne s’applique, il est inclus dans le calcul du revenu de l’assureur provenant de l’entreprise discontinue pour son année d’imposition qui comprend immédiatement avant la cessation de l’exploitation : A – B où : A représente la somme déduite en application du paragraphe 20.4(2) dans le calcul du revenu de l’assureur provenant de l’entreprise discontinue pour son année transitoire; B le total des sommes représentant chacune une somme incluse en application du paragraphe (3) dans le calcul du revenu de l’assureur provenant de l’entreprise discontinue pour une année d’imposition ayant commencé avant la cessation de l’exploitation. Cessation de l’existence
A taxpayer may deduct in computing income an outlay or expense of the taxpayer for advertising space in an issue of a periodical for an advertisement directed at the Canadian market if (a) the original editorial content in the issue is 80% or more of the total non-advertising content in the issue; and (b) the outlay or expense would, but for subsection (2), be deductible in computing the taxpayer’s income.
L’assureur qui, ayant exploité une entreprise d’assurance, cesse d’exister autrement que par suite d’une liquidation visée au paragraphe (4) ou d’une fusion visée au paragraphe (5) est réputé, pour l’application des paragraphes (8) et 20.4(4), avoir cessé d’exploiter l’entreprise au premier en date des moments suivants : a) le moment (déterminé compte non tenu du présent paragraphe) auquel il a cessé d’exploiter l’entreprise; Income Tax PART I Income Tax DIVISION B Computation of Income
A taxpayer may deduct in computing income 50% of an outlay or expense of the taxpayer for advertising space in an issue of a periodical for an advertisement directed at the Canadian market if (a) the original editorial content in the issue is less than 80% of the total non-advertising content in the issue; and (b) the outlay or expense would, but for subsection (2), be deductible in computing the taxpayer’s income. (a) the percentage that original editorial content is of total non-advertising content is the percentage that the total space occupied by original editorial content in the issue is of the total space occupied by non-advertising content in the issue; and (b) the Minister may obtain the advice of the Department of Canadian Heritage for the purpose of (i) determining the result obtained under paragraph (a), and (ii) interpreting any expression defined in this section that is defined in the Foreign Publishers Advertising Services Act. Editions of issues
Definitions Where subsection (3) applies
For the purposes of this section, (a) where an issue of a periodical is published in several versions, each version is an edition of that issue; and SUBDIVISION b Income or Loss from a Business or Property (b) where an issue of a periodical is published in only one version, that version is an edition of that issue. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2001, c. 17, s. 12. Limitation re advertising expense on broadcasting undertaking
Subsection (3) applies for a taxation year of an entity in respect of a security of the entity if Income inclusion Impôt sur le revenu
In computing income, a deduction may be made in respect of an outlay or expense made or incurred before September 22, 1977 for an advertisement directed primarily to a market in Canada and broadcast by a foreign broadcasting undertaking pursuant to (a) a written agreement entered into on or before January 23, 1975; or (b) a written agreement entered into after January 23, 1975 and before September 22, 1976 if the agreement is for a term of one year or less and by its express terms is not capable of being extended or renewed.
In this section, foreign broadcasting undertaking means a network operation or a broadcasting transmitting undertaking located outside Canada or on a ship or aircraft not registered in Canada; (entreprise étrangère de radiodiffusion) network includes any operation involving two or more broadcasting undertakings whereby control over all or any part of the programs or program schedules of any of the broadcasting undertakings involved in the operation is delegated to a network operator. (réseau) Deductions permitted in computing income from business or property
SUBDIVISION B Income or Loss from a Business or Property applicable to that source or such part of the following amounts as may reasonably be regarded as applicable thereto Capital cost of property (a) such part of the capital cost to the taxpayer of property, or such amount in respect of the capital cost to the taxpayer of property, if any, as is allowed by regulation; Incorporation expenses (i) the portion of the amount (that is not otherwise deductible in computing the income of the taxpayer) that is an expense incurred in the year for the incorporation of a corporation, and (ii) $3,000 less the total of all amounts each of which is an amount deducted by another taxpayer in respect of the incorporation of the corporation; (c) an amount paid in the year or payable in respect of the year (depending on the method regularly followed by the taxpayer in computing the taxpayer’s income) pursuant to a legal obligation to pay interest on (i) borrowed money used for the purpose of earning income from a business or property (other than borrowed money used to acquire property the income from which would be exempt or to acquire a life insurance policy), (ii) an amount payable for property acquired for the purpose of gaining or producing income from the property or for the purpose of gaining or producing income from a business (other than property the income from which would be exempt or property that is an interest in a life insurance policy), (iii) an amount paid to the taxpayer under (A) an appropriation Act and on terms and conditions approved by the Treasury Board for the purpose of advancing or sustaining the technological capability of Canadian manufacturing or other industry, or (B) the Northern Mineral Exploration Assistance Regulations made under an appropriation Act that provides for payments in respect of the Northern Mineral Grants Program, or (iv) borrowed money used to acquire an interest in an annuity contract in respect of which section 12.2 applies (or would apply if the contract had an anniversary day in the year at a time when the taxpayer held the interest) except that, where annuity payments have begun under the contract in a preceding taxation year, the amount of interest paid or payable in the year shall not be deducted to the extent that it exceeds the amount included under section 12.2 in computing the taxpayer’s income for the year in respect of the taxpayer’s interest in the contract, or a reasonable amount in respect thereof, whichever is the lesser; Compound interest (d) an amount paid in the year pursuant to a legal obligation to pay interest on an amount that would be deductible under paragraph 20(1)(c) if it were paid in the year or payable in respect of the year; (e) such part of an amount (other than an excluded amount) that is not otherwise deductible in computing the income of the taxpayer and that is an expense incurred in the year or a preceding taxation year (i) in the course of an issuance or sale of units of the taxpayer where the taxpayer is a unit trust, of interests in a partnership or syndicate by the partnership or syndicate, as the case may be, or of shares of the capital stock of the taxpayer, (ii) in the course of a borrowing of money used by the taxpayer for the purpose of earning income from a business or property (other than money used by the taxpayer for the purpose of acquiring property the income from which would be exempt), (ii.1) in the course of incurring indebtedness that is an amount payable for property acquired for the purpose of gaining or producing income therefrom or for the purpose of gaining or producing income from a business (other than property the income from which would be exempt or property that is an interest in a life insurance policy), or (ii.2) in the course of a rescheduling or restructuring of a debt obligation of the taxpayer or an assumption of a debt obligation by the taxpayer, where the debt obligation is (A) in respect of a borrowing described in subparagraph 20(1)(e)(ii), or words “the lesser of” and to subparagraph 20(1)(e)(iii), and (vi) where a partnership has ceased to exist, (A) no amount may be deducted by the partnership under this paragraph in computing its income for its last fiscal period, and (B) there may be deducted for a taxation year ending after the time that is immediately before the end of the partnership’s last fiscal period (referred to in this clause as the “particular time”) by any person or partnership that was a member of the partnership at the particular time, that proportion of the amount that would, but for this subparagraph, have been deducted under this paragraph by the partnership in the fiscal period ending in the year had it continued to exist and had the partnership interest not been redeemed, acquired or cancelled, that the fair market value of the member’s interest in the partnership at the particular time is of the fair market value of all the interests in the partnership at the particular time; Annual fees, etc. (e.1) an amount payable by the taxpayer (other than a payment that is contingent or dependent on the use of, or production from, property or is computed by reference to revenue, profit, cash flow, commodity price or any other similar criterion or by reference to dividends paid or payable to shareholders of any class of shares of the capital stock of a corporation) as a standby charge, guarantee fee, registrar fee, transfer fee, filing fee, service fee or any similar fee, that can reasonably be considered to relate solely to the year and that is incurred by the taxpayer (i) for the purpose of borrowing money to be used by the taxpayer for the purpose of earning income from a business or property (other than borrowed money used by the taxpayer for the purpose of acquiring property the income from which would be exempt income), (ii) in the course of incurring indebtedness that is an amount payable for property acquired for the purpose of gaining or producing income therefrom or for the purpose of gaining or producing income from a business (other than property the income from which would be exempt or property that is an interest in a life insurance policy), or (iii) for the purpose of rescheduling or restructuring a debt obligation of the taxpayer or an assumption of a debt obligation by the taxpayer, where the debt obligation is (A) in respect of a borrowing described in subparagraph 20(1)(e.1)(i), or (B) in respect of an amount payable described in subparagraph 20(1)(e.1)(ii), and in the case of a rescheduling or restructuring, the rescheduling or restructuring, as the case may be, provides for the modification of the terms or conditions of the debt obligation or the conversion or substitution of the debt obligation to or with a share or another debt obligation. (e.2) the least of the following amounts in respect of a life insurance policy (other than an annuity contract or LIA policy): (i) the premiums payable by the taxpayer under the policy in respect of the year, if (A) an interest in the policy is assigned to a reasonable financial institution in the course of a borrowing from the institution, (B) the interest payable in respect of the borrowing is or would, but for subsections 18(2) and 18(3.1) and sections 21 and 28, be deductible in computing the taxpayer’s income for the year, and (C) the assignment referred to in clause 20(1)(e.2)(i)(A) is required by the institution as collateral for the borrowing, (ii) the net cost of pure insurance in respect of the year (other than in respect of a period after 2013 during which the policy is a 10/8 policy), as determined in accordance with the regulations, in respect of the interest in the policy referred to in clause (i)(A), and (iii) the portion, of the lesser of the amounts determined under subparagraphs (i) and (ii) in respect of the policy, that can reasonably be considered to relate to the amount owing from time to time during the year by the taxpayer to the institution under the borrowing; (f) an amount paid in the year in satisfaction of the principal amount of any bond, debenture, bill, note, mortgage, hypothecary claim or similar obligation issued by the taxpayer after June 18, 1971 on which interest was stipulated to be payable, to the extent that the amount so paid does not exceed, (i) in any case where the obligation was issued for an amount not less than 97% of its principal amount, and the yield from the obligation, expressed in terms of an annual rate on the amount for which the obligation was issued (which annual rate shall, if the terms of the obligation or any agreement relating thereto conferred on its holder a right to demand payment of the principal amount of the obligation or the amount outstanding as or on account of its principal amount, as the case may be, before the maturity of the obligation, be calculated on the basis of the yield that produces the highest annual rate obtainable either on the maturity of the obligation or conditional on the exercise of any such right) does not exceed 4/3 of the interest stipulated to be payable on the obligation, expressed in terms of an annual rate on (A) the principal amount of the obligation, if no amount is payable on account of the principal amount before the maturity of the obligation, or (B) the amount outstanding from time to time as or on account of the principal amount of the obligation, in any other case, the amount by which the lesser of the principal amount of the obligation and all amounts paid in the year or in any preceding year in satisfaction of its principal amount exceeds the amount for which the obligation was issued, (ii) in any other case, 1/2 of the lesser of the amount so paid and the amount by which the lesser of the principal amount of the obligation and all amounts paid in the year or in any preceding taxation year in satisfaction of its principal amount exceeds the amount for which the obligation was issued; Share transfer and other fees (g) where the taxpayer is a corporation, (i) an amount payable in the year as a fee for services rendered by a person as a registrar or agent for the transfer of shares of the capital stock of the taxpayer or as an agent for the remittance to shareholders of the taxpayer of dividends declared by it, (ii) an amount payable in the year as a fee to a stock exchange for the listing of shares of the capital stock of the taxpayer, and SUBDIVISION B Income or Loss from a Business or Property (iii) an expense incurred in the year in the course of printing and issuing a financial report to shareholders of the taxpayer or to any other person entitled by law to receive the report; Repayment of loan by shareholder (j) such part of any loan or indebtedness repaid by the taxpayer in the year as was by virtue of subsection 15(2) included in computing the taxpayer’s income for a preceding taxation year (except to the extent that the amount of the loan or indebtedness was deductible from the taxpayer’s income for the purpose of computing the taxpayer’s taxable income for that preceding taxation year), if it is established by subsequent events or otherwise that the repayment was not made as part of a series of loans or other transactions and repayments; (l) a reserve determined as the total of (i) a reasonable amount in respect of doubtful debts (other than a debt to which subparagraph 20(1)(l)(ii) applies) that have been included in computing the taxpayer’s income for the year or a preceding taxation year, and (ii) where the taxpayer is a financial institution (as defined in subsection 142.2(1)) in the year or a taxpayer whose ordinary business includes the lending of money, an amount in respect of properties (other than mark-to-market properties, as defined in that subsection) that are (A) impaired loans or lending assets that are specified debt obligations (as defined in that subsection) of the taxpayer, or (B) impaired loans or lending assets that were made or acquired by the taxpayer in the ordinary course of the taxpayer’s business of insurance or the lending of money equal to the total of (C) the percentage (not exceeding 100%) that the taxpayer claims of the prescribed reserve amount for the taxpayer for the year, and (D) in respect of loans, lending assets or specified debt obligations that are impaired and for which an amount is not deductible for the year because of clause 20(1)(l)(ii)(C) (each of which in this clause is referred to as a “loan”), the taxpayer’s specified percentage for the year of the lesser of (I) the total of all amounts each of which is a reasonable amount as a reserve (other than any portion of which is in respect of a sectoral reserve) for a loan in respect of the amortized cost of the loan to the taxpayer at the end of the year, and (II) the amount determined by the formula M is the amount that is the taxpayer’s reserve or allowance for impairment (other than any portion of the amount that is in respect of a sectoral reserve) for all loans that is determined for the year in accordance with generally accepted accounting principles, and N is the total of all amounts each of which is the specified reserve adjustment for a loan (other than an income bond or an income debenture) for the year or a preceding taxation year; Reserve for guarantees, etc. (1.1) a reserve in respect of credit risks under guarantees, indemnities, letters of credit or other credit facilities, bankers’ acceptances, interest rate or currency swaps, foreign exchange or other future or option contracts, interest rate protection agreements, risk participations and other similar instruments or commitments issued, made or assumed by a taxpayer who was an insurer or whose ordinary business included the lending of money in favour of persons with whom the taxpayer deals at arm’s length in the ordinary course of the taxpayer’s business of insurance or the lending of money, equal to the lesser of (i) a reasonable amount as a reserve for credit risk losses of the taxpayer expected to arise after the end of the year under or in respect of those instruments or commitments, and (ii) 90% of the reserve for credit risk losses of the taxpayer expected to arise after the end of the year under or in respect of those instruments or commitments determined for the year in accordance with generally accepted accounting principles, or such lesser amount as the taxpayer may claim; Reserve in respect of certain goods and services (m) subject to subsection 20(6), where amounts described in paragraph 12(1)(a) have been included in computing the taxpayer’s income from a business for the year or a previous year, a reasonable amount as a reserve in respect of (i) goods that it is reasonably anticipated will have to be delivered after the end of the year, (ii) services that it is reasonably anticipated will have to be rendered after the end of the year, (iii) periods for which rent or other amounts for the possession or use of land or of chattels or movables have been paid in advance, or (iv) repayments under arrangements or understandings of the class described in subparagraph 12(1)(a)(ii) that it is reasonably anticipated will have to be made after the end of the year on the return or resale to the taxpayer of articles other than bottles; (m.1) where an amount described in paragraph 12(1)(a) has been included in computing the taxpayer’s income from a business for the year or a preceding taxation year, a reasonable amount as a reserve in respect of goods or services that it is reasonably anticipated will have to be delivered or rendered after the end of the year pursuant to an agreement for an extended warranty (i) entered into by the taxpayer with a person with whom the taxpayer was dealing at arm’s length, and (ii) under which the only obligation of the taxpayer is to provide those goods or services with respect to property manufactured by the taxpayer or by a corporation related to the taxpayer, not exceeding that portion of the amount paid or payable by the taxpayer to an insurer that carries on an insurance business in Canada to insure the taxpayer’s liability under the agreement in respect of an outlay or expense made or incurred after December 11, 1979 and in respect of the period after the end of the year; Repayment of amount previously included in income (m.2) a repayment in the year by the taxpayer of an amount required by paragraph 12(1)(a) to be included in computing the taxpayer’s income from a business for the year or a preceding taxation year; (m.3) the unamortized amount at the end of the year in respect of the amount that was received in excess of the principal amount of a bond (in this paragraph referred to as the “premium”) received by the issuer in the year, or a previous year, for issuing the bond (in this paragraph referred to as the "new bond") if (i) the terms of the new bond are identical to the terms of bonds previously issued by the taxpayer (in this paragraph referred to as the "old bonds"), except for the date of issuance and total principal amount of the bonds, (ii) the old bonds were part of an issuance (in this paragraph referred to as the "original issuance") of bonds by the taxpayer, (iii) the interest rate on the old bonds was reasonable at the time of the original issuance, (iv) the new bond is issued on the re-opening of the original issuance, (v) the amount of the premium at the time of issuance of the new bond is reasonable, and (vi) the amount of the premium has been included in the taxpayer's income for the year or a previous taxation year; Reserve for unpaid amounts (n) if an amount included in computing the taxpayer's income from the business for the year or for a preceding taxation year in respect of property sold in the course of the business is payable to the taxpayer after the end of the year and, except where the property is real or immovable property, all or part of the amount was, at the time of the sale, not due until at least two years after that time, a reasonable amount as a reserve in respect of any part of the amount that can reasonably be regarded as a portion of the profit from the sale; (o) such amount as may be prescribed as a reserve for expenses to be incurred by the taxpayer by reason of quadrennial or other special surveys required under the Canada Shipping Act, or the regulations under that Act, or under the rules of any society or association for the classification and registry of shipping approved by the Minister of Transport for the purposes of the Canada Shipping Act; (i) all debts owing to the taxpayer that are established by the taxpayer to have become bad debts in the year and that have been included in computing SUBDIVISION B Income or Loss from a Business or Property the taxpayer’s income for the year or a preceding taxation year, and (ii) all amounts each of which is that part of the amortized cost to the taxpayer at the end of the year of a loan or lending asset (other than a mark-to-market property, as defined in subsection 142.2(1)) that is established in the year by the taxpayer to have become uncollectible and that, (A) where the taxpayer is an insurer or a taxpayer whose ordinary business includes the lending of money, was made or acquired in the ordinary course of the taxpayer’s business of insurance or the lending of money, or (B) where the taxpayer is a financial institution (as defined in subsection 142.2(1)) in the year, is a specified debt obligation (as defined in that subsection) of the taxpayer; (q) such amount in respect of employer contributions to registered pension plans or pooled registered pension plans as is permitted under subsection 147.2(1) or 147.5(10); Employer’s contributions under retirement compensation arrangement (r) amounts paid by the taxpayer in the year as contributions under a retirement compensation arrangement in respect of services rendered by an employee or former employee of the taxpayer, other than where it is established, by subsequent events or otherwise, that the amounts were paid as part of a series of payments and refunds of contributions under the arrangement; Employer’s contributions under employee life and health trust (s) such amount in respect of employer contributions paid to a trustee under an employee life and health trust as is permitted by subsections 144.1(4) to (7); (u) such amounts in respect of payments made by the taxpayer pursuant to allocations in proportion to patronage as are permitted by section 135; Mining taxes (v) such amount as is allowed by regulation in respect of taxes on income from mining operations; Employer’s contributions under profit sharing plan (w) an amount paid by the taxpayer to a trustee in trust for employees of the taxpayer or of a corporation with whom the taxpayer does not deal at arm’s length, under an employees profit sharing plan as permitted by section 144; Employer’s contributions under registered supplementary unemployment benefit plan (x) an amount paid by the taxpayer to a trustee under a registered supplementary unemployment benefit plan as permitted by section 145; Employer’s contributions under deferred profit sharing plan (y) an amount paid by the taxpayer to a trustee under a deferred profit sharing plan as permitted by subsection 147(8); Cancellation of lease (z) the proportion of an amount not otherwise deductible that was paid or that became payable by the taxpayer before the end of the year to a person for the cancellation of a lease of property of the taxpayer leased by the taxpayer to that person that (i) the number of days that remained in the term of the lease (including all renewal periods of the lease), not exceeding 40 years, immediately before its cancellation and that were in the year is of (ii) the number of days that remained in the term of the lease (including all renewal periods of the lease), not exceeding 40 years, immediately before its cancellation, in any case where the property was owned at the end of the year by the taxpayer or by a person with whom the taxpayer was not dealing at arm’s length and no part of the amount was deductible by the taxpayer under paragraph 20(1)(z.1) in computing the taxpayer’s income for a preceding taxation year; (z.1) an amount not otherwise deductible that was paid or that became payable by the taxpayer before the end of the year to a person for the cancellation of a lease of property of the taxpayer leased by the taxpayer to that person, in any case where (i) the property was not owned at the end of the year by the taxpayer or by a person with whom the taxpayer was not dealing at arm’s length, and SUBDIVISION B Income or Loss from a Business or Property (ii) no part of the amount was deductible by the taxpayer under this paragraph in computing the taxpayer’s income for any preceding taxation year, to the extent of the amount thereof (or in the case of capital property, 1/2 of the amount thereof) that was not deductible by the taxpayer under paragraph 20(1)(z) in computing the taxpayer’s income for any preceding taxation year; (aa) an amount paid by the taxpayer in the year for the landscaping of grounds around a building or other structure of the taxpayer that is used by the taxpayer primarily for the purpose of gaining or producing income therefrom or from a business; Fees paid to investment counsel (bb) an amount, other than a commission, that (i) is paid by the taxpayer in the year to a person or partnership the principal business of which (A) is advising others as to the advisability of purchasing or selling specific shares or securities, or (B) includes the provision of services in respect of the administration or management of shares or securities, and (ii) is paid for (A) advice as to the advisability of purchasing or selling a specific share or security of the taxpayer, or (B) services in respect of the administration or management of shares or securities of the taxpayer; (cc) an amount paid by the taxpayer in the year as or on account of expenses incurred by the taxpayer in making any representation relating to a business carried on by the taxpayer, (i) to the government of a country, province or state or to a municipal or public body performing a function of government in Canada, or (ii) to an agency of a government or a municipal or public body referred to in subparagraph 20(1)(cc)(i) that had authority to make rules, regulations or by-laws relating to the business carried on by the taxpayer, including any representation for the purpose of obtaining a licence, permit, franchise or trademark relating to the business carried on by the taxpayer; (dd) an amount paid by the taxpayer in the year for investigating the suitability of a site for a building or other structure planned by the taxpayer for use in connection with a business carried on by the taxpayer; Utilities service connection (ee) an amount paid by the taxpayer in the year to a person (other than a person with whom the taxpayer was not dealing at arm’s length) for the purpose of making a service connection to the taxpayer’s place of business for the supply, by means of wires, pipes or conduits, of electricity, gas, telephone service, water or sewers supplied by that person, to the extent that the amount so paid was not paid (i) to acquire property of the taxpayer, or (ii) as consideration for the goods or services for the supply of which the service connection was undertaken or made; Payments by farmers (ff) an amount paid by the taxpayer in the year as a levy under the Western Grain Stabilization Act, as a premium in respect of the gross revenue insurance program established under the Farm Income Protection Act or as an administration fee in respect of a net income stabilization account; Repayments of inducements, etc. (hh) an amount repaid by the taxpayer in the year pursuant to a legal obligation to repay all or part of a particular amount (i) included under paragraph 12(1)(x) in computing the taxpayer’s income for the year or a preceding taxation year, (ii) that is, by reason of subparagraph 12(1)(x)(vi) or subsection 12.2(2), not included under paragraph 12(1)(x) in computing the taxpayer’s income for the year or a preceding taxation year, where the particular amount relates to an outlay or expense (other than an outlay or expense that is in respect of the cost of property of the taxpayer or that is or would be, if amounts deductible by the taxpayer were not limited by reason of paragraph 66(4)(b), subsection 66.1(2), subparagraph 66.2(2)(a)(ii), the words “30% of” in clause 66.2(1)(a)(ii)(B), clause
b) le moment immédiatement avant la fin de sa dernière année d’imposition qui a pris fin au plus tard au moment où il a cessé d’exister. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2009, ch. 2, art. 5. Définitions
(hh.1) 3/4 of any amount repaid by the taxpayer in the year (on or after the time the taxpayer ceases to carry on a business) under a legal obligation to repay all or part of an amount the taxpayer received or was entitled to receive that was assistance from a government, municipality or other public authority (whether as a grant, subsidy, forgivable loan, deduction from tax, investment allowance or as any other form of assistance) in respect of, or for the acquisition of, property the cost of which was an eligible capital expenditure of the taxpayer in respect of the business if the amount of the eligible capital expenditure of the taxpayer in respect of the business was reduced by paragraph 14(6)(c) because of the amount of the assistance the taxpayer received or was entitled to receive; (ii) the amount required by paragraph 12(1)(r) to be included in computing the taxpayer’s income for the immediately preceding taxation year; Exploration and development grants (kk) the amount of any assistance or benefit received by the taxpayer in the year as a deduction from or reimbursement of an expense that is a tax (other than the goods and services tax) or royalty to the extent that (i) the tax or royalty is, by reason of the receipt of the amount by the taxpayer, not deductible in computing the taxpayer’s income for a taxation year, and (ii) the deduction or reimbursement was included by the taxpayer in the amount determined for J in the definition cumulative Canadian exploration expense in subsection 66.1(6), for M in the definition cumulative Canadian development expense in subsection 66.2(5) or for I in the definition cumulative Canadian oil and gas property expense in subsection 66.4(5); Repayment of interest (ll) such part of any amount payable by the taxpayer because of a provision of this Act, or of an Act of a province that imposes a tax similar to the tax imposed under this Act, as was paid in the year and as can reasonably be considered to be a repayment of interest that was included in computing the taxpayer’s income for the year or a preceding taxation year; Cost of substances injected in reservoir (mm) the portion claimed by the taxpayer of an amount that is an outlay or expense made or incurred by the taxpayer before the end of the year that is a cost to the taxpayer of any substance injected before that time into a natural reservoir to assist in the recovery of petroleum, natural gas or related hydrocarbons to the extent that that portion was not (i) otherwise deducted in computing the taxpayer’s income for the year, or (ii) deducted in computing the taxpayer’s income for any preceding taxation year, except that where the year is less than 51 weeks, the amount that may be claimed under this paragraph by the taxpayer for the year shall not exceed the greater of (iii) that proportion of the maximum amount that may otherwise be claimed under this paragraph by the taxpayer for the year that the number of days in the year is of 365, and (iv) the amount of such outlay or expense that was made or incurred by the taxpayer in the year and not otherwise deducted in computing the taxpayer’s income for the year;
Application du paragraphe (3)
(nn) the tax, if any, under Part XII.6 paid in the year or payable in respect of the year by the taxpayer (depending on the method regularly followed by the taxpayer in computing the taxpayer’s income); Salary deferral arrangement (oo) any deferred amount under a salary deferral arrangement in respect of another person to the extent that it was (i) included under paragraph 6(1)(a) as a benefit in computing the income of the other person for the taxation year of the other person that ends in the taxpayer’s taxation year, and (ii) in respect of services rendered to the taxpayer; SUBDIVISION B Income or Loss from a Business or Property (pp) any amount under a salary deferral arrangement in respect of another person (other than an arrangement established primarily for the benefit of one or more non-resident employees in respect of services to be rendered outside Canada) to the extent that it was (i) included under paragraph 6(1)(i) in computing the income of the other person for the taxation year of the other person that ends in the taxpayer’s taxation year, and (ii) in respect of services rendered to the taxpayer; Disability-related modifications to buildings (qq) an amount paid by the taxpayer in the year for prescribed renovations or alterations to a building used by the taxpayer primarily for the purpose of gaining or producing income from the building or from a business that are made to enable individuals who have a mobility impairment to gain access to the building or to be mobile within it; Disability-related equipment (rr) an amount paid by the taxpayer in the year for prescribed disability-specific device or equipment; Qualifying environmental trusts (ss) a contribution made in the year by the taxpayer to a qualifying environmental trust under which the taxpayer is a beneficiary; Acquisition of interests in qualifying environmental trusts (tt) the consideration paid by the taxpayer in the year for the acquisition from another person or partnership of all or part of the taxpayer’s interest as a beneficiary under a qualifying environmental trust, other than consideration that is the assumption of a reclamation obligation in respect of the trust; (uu) any amount deducted in computing the taxpayer’s income for the year because of paragraph 80(15)(a) or subsection 80.01(10); Countervailing or anti-dumping duty (vv) an amount paid in the year by the taxpayer as or on account of an existing or proposed countervailing or anti-dumping duty in respect of property (other than depreciable property); (vwv) where the taxpayer is a specified individual in relation to the year, the individual’s split income for the year; Derivative forward agreement (xx) in respect of a derivative forward agreement of a taxpayer, the amount determined by the formula A is the lesser of (i) the total of all amounts each of which is (A) if the taxpayer acquires a property under the agreement in the year or a preceding taxation year, the portion of the amount by which the cost to the taxpayer of the property exceeds the fair market value of the property at the time it is acquired by the taxpayer that is attributable to an underlying interest other than an underlying interest referred to in subparagraphs (b)(i) to (iii) of the definition derivative forward agreement in subsection 248(1), or (B) if the taxpayer disposes of a property under the agreement in the year or a preceding taxation year, the portion of the amount by which the fair market value of the property at the time the agreement is entered into by the taxpayer exceeds the proceeds of disposition (within the meaning assigned by Subdivision C) of the property that is attributable to an underlying interest other than an underlying interest referred to in clauses (c)(i)(A) to (C) of the definition derivative forward agreement in subsection 248(1), and (ii) the amount that is, (A) if final settlement of the agreement occurs in the year and it cannot reasonably be considered that one of the main reasons for entering into the agreement is to obtain a deduction under this paragraph, the amount determined under subparagraph (i), or (B) in any other case, the total of all amounts included under paragraph 12(1)(z.7) in computing the taxpayer’s income in respect of the agreement for the year or a preceding taxation year, and B is the total of all amounts deducted under this paragraph in respect of the agreement for a preceding taxation year; (yy) if subsection 18.4(4) has applied to deny a taxpayer a deduction, for the year or a preceding taxation year, for all or a portion of an amount in respect of a payment arising under a hybrid mismatch arrangement, and the taxpayer demonstrates that an amount is foreign ordinary income of an entity in respect of the payment (other than any amount of foreign ordinary income already taken into account in determining the amount of the deduction that was previously denied or a deduction under this paragraph) for a foreign taxation year that ends on or before the day that is 12 months after the end of the year, (A) the amount by which the deduction that was denied exceeds the total of all amounts already deducted under this paragraph in respect of the payment for the year or any previous year, and (B) the amount of the foreign ordinary income, and (ii) the amount that is deductible under this paragraph is deemed to be deductible in respect of the payment. SUBDIVISION B Income or Loss from a Business or Property (1.1) The definitions in subsection 13(21) apply to any regulations made under paragraph 20(1)(a).
Le paragraphe (3) s’applique pour l’année d’imposition d’une entité relativement à un titre de celle-ci si les conditions ci-après sont réunies : a) le titre devient un titre agrégé de l’entité à un moment donné de l’année et, par conséquent, les sommes visées aux alinéas 18.3(3)a) et b) ne sont pas déductibles par l’effet du paragraphe 18.3(3); b) le titre, ou un titre qui lui a été substitué, cessé, à un moment antérieur, d’être un titre agrégé de toute entité et, par conséquent, le paragraphe 18.3(3) n’a plus cessé de s’appliquer pour refuser la déductibilité des sommes qui seraient visées aux alinéas 18.3(3)a) et b) si le titre était un titre agrégé; c) tout au long de la période ayant commencé immédiatement après le moment le plus récent visé à l’alinéa b) et se terminant au moment donné, le titre, ou un titre qui lui a été substitué, n’était pas un titre agrégé d’une entité quelconque. Somme à inclure dans le revenu
For the purposes of paragraph 20(1)(c), where a person has borrowed money in consideration of a promise by the person to pay a larger amount and to pay interest on the larger amount, (a) the larger amount shall be deemed to be the amount borrowed; and (b) where the amount actually borrowed has been used in whole or in part for the purpose of earning income from a business or property, the proportion of the larger amount that the amount actually so used is of the amount actually borrowed shall be deemed to be the amount so used. Limitation of expression “interest” — 10/8 policy (2.01) For the purposes of paragraphs (1)(c) and (d), interest does not include an amount if (i) is paid, after March 20, 2013 in respect of a period after 2013, in respect of a life insurance policy that is, at the time of the payment, a 10/8 policy, and (ii) is described in paragraph (a) of the definition 10/8 policy in subsection 248(1); or (b) the amount (i) is payable, in respect of a life insurance policy, after March 20, 2013 in respect of a period after 2013 during which the policy is a 10/8 policy, and (ii) is described in paragraph (a) of the definition 10/8 policy in subsection 248(1). (2.1) For the purposes of paragraphs 20(1)(c) and 20(1)(d), “interest” does not include an amount that is paid after the taxpayer’s 1977 taxation year or payable in respect of a period after the taxpayer’s 1977 taxation year, depending on the method regularly followed by the taxpayer in computing the taxpayer’s income, in respect of interest on a policy loan made by an insurer except to the extent that the amount of that interest is verified by the insurer in the prescribed form and within the prescribed time to be (a) interest paid in the year on that loan; and (b) interest (other than interest that would, but for paragraph 20(2.2)(b), be interest on money borrowed before 1978 to acquire a life insurance policy or on an amount paid for property acquired before 1978 that is an interest in a life insurance policy) that is not added to the adjusted cost basis (within the meaning given that expression in subsection 148(9)) to the taxpayer of the taxpayer’s interest in the policy. (2.2) For the purposes of paragraphs 20(1)(c) and 20(1)(d), a “life insurance policy” does not include a policy (a) that is or is issued pursuant to a pooled registered pension plan, a registered pension plan, a registered retirement savings plan, an income-averaging annuity contract or a deferred profit sharing plan; (b) that was an annuity contract issued before 1978 that provided for annuity payments to commence not later than the day on which the policyholder attains 75 years of age; or (c) that is an annuity contract all of the insurer’s reserves for which vary in amount depending on the fair market value of a specified group of properties. SUBDIVISION B Income or Loss from a Business or Property (2.3) For the purpose of clause 20(1)(l)(ii)(D), a sectoral reserve is a reserve or an allowance for impairment for a loan that is determined on a sector-by-sector basis (including a geographic sector, an industrial sector or a sector of any other nature) and not on a property-by-property basis. (a) where the taxpayer has a prescribed reserve amount for the year, the percentage that is the percentage of the prescribed reserve amount of the taxpayer for the year claimed by the taxpayer under clause 20(1)(l)(ii)(C) for the year, and (b) in any other case, 100%.
En cas d’application du présent paragraphe pour l’année d’imposition d’une entité relativement à un titre de celle-ci, l’entité est tenue d’inclure dans le calcul de son revenu pour l’année chaque somme qui : a) a été déduite par elle (ou par une autre entité ayant émis un titre qui a été substitué au titre en cause) dans le calcul de son revenu pour une année d’imposition qui comprend une partie de la période mentionnée à l’alinéa (2)c); b) n’aurait pas été déductible si le paragraphe 18.3(3) s’y était appliqué. Excédent réputé
For greater certainty, if a taxpayer uses borrowed money to repay money previously borrowed, or to pay an amount payable for property described in subparagraph 20(1)(c)(ii) previously acquired (which previously borrowed money or amount payable in respect of previously acquired property is, in this subsection, referred to as the “previous indebtedness”), subject to subsection 20.1(6), for the purposes of paragraphs 1(c), (e) and (e.1), subsections 20.1(1) and (2), section 21 and subparagraph 95(2)(a)(ii), and for the purpose of paragraph 20(1)(c) of the Income Tax Act, Chapter 148 of the Revised Statutes of Canada, 1952, the borrowed money is deemed to be used for the purpose for which the previous indebtedness was used or incurred, or was deemed by this subsection to have been used or incurred.
Pour l’application du paragraphe 161(1), si une somme visée à l’alinéa (3)a) est incluse dans le revenu d’une entité pour une année d’imposition en application du paragraphe (3), l’entité est réputée avoir un excédent, immédiatement après la date d’exigibilité du solde qui lui est Income Tax PART I Income Tax DIVISION B Computation of Income
If an amount that is owing to a taxpayer as or on account of the proceeds of disposition of depreciable property (other than a timber resource property, a passenger vehicle to which paragraph 13(7)(g) applies or a zero-emission passenger vehicle to which paragraph 13(7)(i) applies) of the taxpayer of a prescribed class is established by the taxpayer to have become a bad debt in a taxation year, there may be deducted in computing the taxpayer’s income for the year the lesser of (a) the amount so owing to the taxpayer, and SUBDIVISION B Income or Loss from a Business or Property (b) the amount, if any, by which the capital cost to the taxpayer of that property exceeds the total of the amounts, if any, realized by the taxpayer on account of the proceeds of disposition. (4.1) Where an amount that is owing to a taxpayer as or on account of the proceeds of disposition of a timber resource property of the taxpayer is established by the taxpayer to have become a bad debt in a taxation year, the amount so owing to the taxpayer may be deducted in computing the taxpayer’s income for the year. Bad debts — zero-emission passenger vehicles (4.11) If an amount that is owing to a taxpayer as or on account of the proceeds of disposition of a zero-emission passenger vehicle of the taxpayer to which paragraph 13(7)(i) applies is established by the taxpayer to have become a bad debt in a taxation year, there may be deducted in computing the taxpayer’s income for the year the lesser of (a) the amount that would be determined by the formula in subparagraph 13(7)(i)(ii) in respect of the disposition if the amount determined for A in the formula were the amount owing to the taxpayer, and (b) the amount determined by the formula A is the capital cost to the taxpayer of the vehicle, and B is the amount that would be determined by the formula in subparagraph 13(7)(i)(ii) in respect of the disposition if the amount determined for A in the formula were the total amount, if any, realized by the taxpayer on account of the proceeds of disposition. (4.2) If an amount is deductible under subsection (4) in respect of the disposition of a depreciable property and subsection 13(39) applied to the disposition of the depreciable property, the amount deductible under subsection (4) is equal to 3/4 of the amount that would be deductible without reference to this subsection. SUBDIVISION B Income or Loss from a Business or Property Sale of agreement for sale, mortgage or hypothecary claim included in proceeds of disposition
(d) the entity claimed no deductions under Division E for the year; (a) the payment arises under a hybrid mismatch arrangement; and (b) there is a foreign deduction component of the hybrid mismatch arrangement. Impôt sur le revenu
Where depreciable property, other than a timber resource property, of a taxpayer has, in a taxation year, been disposed of to a person with whom the taxpayer was dealing at arm’s length, and the proceeds of disposition include an agreement for the sale of, or a mortgage or hypothecary claim on, land that the taxpayer has, in a subsequent taxation year, sold to a person with whom the taxpayer was dealing at arm’s length, there may be deducted in computing the income of the taxpayer for the subsequent year an amount equal to the lesser of (a) the amount, if any, by which the principal amount of the agreement for sale, mortgage or hypothecary claim outstanding at the time of the sale exceeds the consideration paid by the purchaser to the taxpayer for the agreement for sale, mortgage or hypothecary claim, and (b) the amount determined under paragraph 20(5)(a) less the amount, if any, by which the proceeds of disposition of the depreciable property exceed the capital cost to the taxpayer of that property. Sale of agreement for sale, mortgage or hypothecary claim included in proceeds of disposition (5.1) Where a timber resource property of a taxpayer has, in a taxation year, been disposed of to a person with whom the taxpayer was dealing at arm’s length, and the proceeds of disposition include an agreement for sale of, or a mortgage or hypothecary claim on, land that the taxpayer has, in a subsequent taxation year, sold to a person with whom the taxpayer was dealing at arm’s length, there may be deducted in computing the income of the taxpayer for the subsequent year the amount, if any, by which the principal amount of the agreement for sale, mortgage or hypothecary claim outstanding at the time of the sale exceeds the consideration paid by the purchaser to the taxpayer for the agreement for sale, mortgage or hypothecary claim.
Where an amount is deductible in computing income for a taxation year under paragraph 20(1)(m) as a reserve in respect of (a) articles of food or drink that it is reasonably anticipated will have to be delivered after the end of the year, or (b) transportation that is reasonably anticipated will have to be provided after the end of the year, there shall be substituted for the amount determined under that paragraph an amount not exceeding the total of amounts included in computing the taxpayer’s income from the business for the year that were received or receivable (depending on the method regularly followed by the taxpayer in computing the taxpayer’s profit) in the year in respect of (c) articles of food or drink not delivered before the end of the year, or
Paragraph 20(1)(m) does not apply to allow a deduction (a) as a reserve in respect of guarantees, indemnities or warranties; (b) in computing the income of a taxpayer for a taxation year from a business in any case where the taxpayer’s income for the year from that business is computed in accordance with the method authorized by subsection 28(1); (c) as a reserve in respect of insurance, except that in computing an insurer’s income for a taxation year from an insurance business, other than a life insurance business, carried on by it, there may be deducted as a policy reserve any amount that the insurer claims not exceeding the amount prescribed in respect of the insurer for the year; or No deduction in respect of property in certain circumstances
Paragraph 20(1)(n) does not apply to allow a deduction in computing the income of a taxpayer for a taxation year from a business in respect of a property sold in the course of the business if (a) the taxpayer, at the end of the year or at any time in the immediately following taxation year, (i) was exempt from tax under any provision of this Part, or (ii) was not resident in Canada and did not carry on the business in Canada; (b) the sale occurred more than 36 months before the end of the year; (c) the purchaser of the property sold was a corporation that, immediately after the sale, (i) was controlled, directly or indirectly, in any manner whatever, by the taxpayer, (ii) was controlled, directly or indirectly, in any manner whatever, by a person or group of persons that controlled the taxpayer, directly or indirectly, in any manner whatever, or (iii) controlled the taxpayer, directly or indirectly, in any manner whatever; or (d) the purchaser of the property sold was a partnership in which the taxpayer was, immediately after the sale, a majority-interest partner.
a) elle avait résidé au Canada tout au long de l’année; b) son impôt payable pour l’année était égal à son impôt payable sur son revenu imposable pour l’année; c) la somme en cause était son seul revenu imposable pour l’année; d) elle ne demandait aucune déduction en vertu de la section E pour l’année; e) elle n’avait payé aucune somme au titre de son impôt payable pour l’année; f) l’impôt payable déterminé selon l’alinéa b) était demeuré impayé tout au long de la période commençant immédiatement après la fin de l’année d’imposition pour laquelle la somme en cause a été déduite et se terminant à la date d’exigibilité du solde de l’impôt de l’entité pour l’année. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois modificatives et règlements modificatifs appropriés.] 2013, ch. 40, art. 5. Dispositifs hybrides — définitions
In lieu of making any deduction of an amount permitted by paragraph 20(1)(cc) in computing a taxpayer’s income for a taxation year from a business, the taxpayer may, if the taxpayer so elects in prescribed manner, make a deduction of 1/10 of that amount in computing the taxpayer’s income for that taxation year and a like deduction in computing the taxpayer’s income for each of the 9 immediately following taxation years. Convention expenses
Règle secondaire — conditions d’application
Notwithstanding paragraph 18(1)(b), there may be deducted in computing a taxpayer’s income for a taxation year from a business an amount paid by the taxpayer in the year as or on account of expenses incurred by the taxpayer in attending, in connection with the business, not more than two conventions held during the year by a business or professional organization at a location that may reasonably be regarded as consistent with the territorial scope of that organization. Foreign taxes on income from property exceeding 15%
Le paragraphe (3) s’applique relativement à un paiement dont le contribuable est un bénéficiaire si, à la fois : a) le paiement découle d’un dispositif hybride; b) il y a une composante de déduction étrangère du dispositif hybride. Règle secondaire — conséquences
In computing the income of an individual from a property other than real or immovable property for a taxation year after 1975 that is income from a source outside Canada, there may be deducted the amount, if any, by which, (a) such part of any income or profits tax paid by the taxpayer to the government of a country other than Canada for the year as may reasonably be regarded as having been paid in respect of an amount that has been included in computing the taxpayer’s income for the year from the property, exceeds Foreign non-business-income tax
Sous réserve du paragraphe 18.4(5), lorsque le présent paragraphe s’applique relativement à un paiement dont le contribuable est un bénéficiaire, une somme correspondant au montant de l’asymétrie hybride relative au paiement doit : a) être incluse dans le calcul du revenu du contribuable provenant d’une source identique à la source du paiement; b) être incluse dans le calcul du revenu du contribuable pour la dernière année d’imposition du contribuable qui commence au plus tard à la fin de la première année d’imposition étrangère de toute entité au cours de laquelle une somme relative au paiement, en Income Tax PART I Income Tax DIVISION B Computation of Income
In computing the income of a taxpayer who is resident in Canada at any time in a taxation year from a business or property for the year, there may be deducted any amount that the taxpayer claims that does not exceed the non-business-income tax paid by the taxpayer for the year to the government of a country other than Canada (within the meaning assigned by subsection 126(7) read without reference to paragraphs (c) and (e) of the definition non-business-income tax in that subsection) in respect of that income, other than any of those taxes paid that can, in whole or in part, reasonably be regarded as having been paid by a corporation in respect of income from a share of the capital stock of a foreign affiliate of the corporation. Foreign tax where no economic profit (12.1) In computing a taxpayer’s income for a taxation year from a business, there may be deducted the amount that the taxpayer claims not exceeding the lesser of (a) the amount of foreign tax (within the meaning assigned by subsection 126(4.1)) that (i) is in respect of a property used in the business for a period of ownership by the taxpayer or in respect of a related transaction (as defined in subsection 126(7)), (ii) is paid by the taxpayer for the year, (iii) is, because of subsection 126(4.1), not included in computing the taxpayer’s business-income tax or non-business-income tax, and (iv) where the taxpayer is a corporation, is not an amount that can reasonably be regarded as having been paid in respect of income from a share of the capital stock of a foreign affiliate of the taxpayer; (b) the portion of the taxpayer’s income for the year from the business that is attributable to the property for the period or to a related transaction (as defined in subsection 126(7)). Deductions under Subdivision l
Recaptured depreciation Exchanges of property Impôt sur le revenu
In computing the income for a taxation year of a taxpayer resident in Canada, there may be deducted such amounts as are provided by Subdivision l. Accrued bond interest
Where, by virtue of an assignment or other transfer of a debt obligation, other than an income bond or an income debenture, the transferee has become entitled to an amount of interest that accrued on the debt obligation for a period commencing before the time of transfer and ending at that time that is not payable until after that time, that amount (a) shall be included as interest in computing the transferor’s income for the transferor’s taxation year in which the transfer occurred, except to the extent that it was otherwise included in computing the transferor’s income for the year or a preceding taxation year; and (b) may be deducted in computing the transferee’s income for a taxation year to the extent that the amount was included as interest in computing the transferee’s income for the year. (14.1) Where a person who has issued a debt obligation, other than an income bond or an income debenture, is obligated to pay an amount that is stipulated to be interest on that debt obligation in respect of a period before its issue (in this subsection referred to as the “unearned interest amount”) and it is reasonable to consider that the person to whom the debt obligation was issued paid to the issuer consideration for the debt obligation that included an amount in respect of the unearned interest amount, (a) for the purposes of subsection 20(14) and section 12, the issue of the debt obligation shall be deemed to be an assignment of the debt obligation from the issuer, as transferor, to the person to whom the obligation was issued, as transferee, and an amount equal to the unearned interest amount shall be deemed to be interest that accrued on the obligation for a period commencing before the issue and ending at the time of issue; and (b) notwithstanding paragraph 20(14.1)(a) or any other provision of this Act, no amount that can reasonably be considered to be an amount in respect of the SUBDIVISION B Income or Loss from a Business or Property unearned interest amount shall be deducted or included in computing the income of the issuer. (14.2) For the purposes of subsection (14), the amount determined by the following formula is deemed to be interest that accrued on an assigned or otherwise transferred debt obligation — that is, at any time, described in paragraph 7000(1)(d) of the Income Tax Regulations — to which the transferee has become entitled to for a period commencing before the time of the transfer and ending at that particular time that is not payable until after that particular time: A is the price for which the debt obligation was assigned or otherwise transferred at the particular time; and B is the amount by which the price (converted to Canadian currency using the exchange rate prevailing at the particular time, if the debt obligation is denominated in a foreign currency) for which the debt obligation was issued exceeds the principal amount of the debt obligation (converted to Canadian currency using the exchange rate prevailing at the particular time, if the debt obligation is denominated in a foreign currency) that was repaid by the issuer on or before the particular time. (a) the total of all amounts used to determine A to D.1 in the definition undepreciated capital cost in subsection 13(21) in respect of a taxpayer’s depreciable property of a particular class exceeds the total of all amounts used to determine E to K in that definition in respect of that property, and (b) the taxpayer no longer owns any property of that class, in computing the taxpayer’s income for the year (c) there shall be deducted the amount of the excess determined under paragraph 20(16)(a), and SUBDIVISION B Income or Loss from a Business or Property (a) in respect of a passenger vehicle of a taxpayer that has a cost to the taxpayer in excess of $20,000 or any other amount that is prescribed; (b) in respect of a taxation year in respect of a property that was a former property deemed by paragraph 13(4.3)(a) or (b) to be owned by the taxpayer, if (i) within 24 months after the taxpayer last owned the former property, the taxpayer or a person not dealing at arm’s length with the taxpayer acquires a similar property in respect of the same fixed place to which the former property applied, and (ii) at the end of the taxation year, the taxpayer or the person owns the similar property or another similar property in respect of the same fixed place to which the former property applied; and (c) in respect of a taxation year in respect of property included in Class 14.1 of Schedule II to the Income Tax Regulations unless the taxpayer has ceased to carry on the business to which the class relates. Reference to “taxation year” and “year” of individual (16.2) Where a taxpayer is an individual and the taxpayer’s income for a taxation year includes income from a business the fiscal period of which does not coincide with the calendar year, if depreciable property acquired for the purpose of gaining or producing income from the business has been disposed of, each reference in subsections 20(16) and 20(16.1) to a “taxation year” and “year” shall, for greater certainty, be read as a reference to a “fiscal period”. Disposition after ceasing business (16.3) Where a taxpayer, after ceasing to carry on a business, has disposed of depreciable property of the taxpayer of a prescribed class that was acquired by the taxpayer for the purpose of gaining or producing income from the business and that was not subsequently used by the taxpayer for some other purpose, in applying subsection 20(16) or 20(16.1), each reference in that subsection to a “taxation year” and “year” shall, notwithstanding SUBDIVISION B Income or Loss from a Business or Property anything in subsection 20(16.2), not be read as a reference to a “fiscal period”.
Where a taxpayer has in a particular taxation year received a payment under an annuity contract in respect of which an amount was by virtue of subsection 12(3) included in computing the taxpayer’s income for a taxation year commencing before 1983, there may be deducted in computing the taxpayer’s income for the particular year such amount, if any, as is allowed by regulation. Life insurance policy
Where in a taxation year a taxpayer disposes of an interest in a life insurance policy that is not an annuity contract (otherwise than as a consequence of a death) or of an interest in an annuity contract (other than a prescribed annuity contract), there may be deducted in computing the taxpayer’s income for the year an amount equal to the lesser of (a) the total of all amounts in respect of the interest in the policy that were included under section 12.2 of this Act or paragraph 56(1)(d.1) of the Income Tax Act, 1952, in chapter 148 of the Revised Statutes of Canada, 1952, in computing the taxpayer’s income for the year or a preceding taxation year, and (b) the amount, if any, by which the adjusted cost basis (within the meaning assigned by section 148) to the taxpayer of that interest immediately before the disposition exceeds the proceeds of the disposition (within the meaning assigned by section 148) of the interest that the policyholder, a beneficiary or an assignee became entitled to receive.
l’absence de toute règle étrangère de restriction des dépenses, serait, ou dont on pourrait raisonnablement s’attendre à ce qu’elle soit, déductible dans le calcul des revenus ou bénéfices étrangers pertinents de l’entité. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2024, ch. 15, art. 3. Récupération de l’amortissement 13 (1) Tout contribuable doit inclure, dans le calcul de son revenu pour une année d’imposition, l’excédent à la fin de l’année du total des valeurs des éléments E à K de la formule figurant à la définition de fraction non amortie du coût en capital au paragraphe (21) sur le total des valeurs des éléments A à D.1 de cette formule, au titre des biens amortissables d’une catégorie prescrite. Récupération — Voitures de tourisme appartenant à la catégorie 10.1
If a taxpayer has in a particular taxation year disposed of a property that is an interest in, or for civil law a right in, a debt obligation for consideration equal to its fair market value at the time of disposition, there may be deducted in computing the taxpayer’s income for the particular year the amount, if any, by which (a) the total of all amounts each of which is an amount that was included in computing the taxpayer’s income for the particular year or a preceding taxation year as interest in respect of that property exceeds the total of all amounts each of which is (b) the portion of an amount that was received or became receivable by the taxpayer in the particular year or a preceding taxation year that can reasonably be considered to be in respect of an amount described in paragraph 20(21)(a) and that was not repaid by the taxpayer to the issuer of the debt obligation because of an adjustment in respect of interest received before the time of disposition by the taxpayer, or (c) an amount in respect of that property that was deductible by the taxpayer by virtue of paragraph 20(14)(b) in computing the taxpayer’s income for the particular year or a preceding taxation year. Deduction for negative reserves
Malgré le paragraphe 13(1), l’excédent — calculé à la fin d’une année d’imposition en application de ce paragraphe — relativement à une voiture de tourisme dont le coût pour un contribuable dépasse 20 000 $ ou tout autre montant qui peut être prescrit, sauf si elle a été, à un moment donné, un véhicule d’urgence ou un véhicule compris dans une catégorie prescrite au paragraphe 1104(3.1) du Règlement de l’impôt sur le revenu, cet excédent n’est pas inclus dans le calcul du revenu du contribuable pour l’année. Il est toutefois réputé, pour l’application de l’élément B de la formule figurant à la définition de fraction non amortie du coût en capital au paragraphe 13(21), y être inclus par application du présent article. Mentions d’« année d’imposition », d’« année » et de « revenu » d’un particulier
In computing an insurer’s income for a taxation year, there may be deducted the amount included under paragraph 12(1)(e.1) in computing the insurer’s income for the preceding taxation year. Amounts paid for undertaking future obligations
Lorsque le contribuable est un particulier dont le revenu pour une année d’imposition comprend un revenu tiré d’une entreprise dont l’exercice ne correspond pas à l’année civile et qu’un bien amortissable acquis en vue de tirer un revenu de l’entreprise a fait l’objet d’une disposition : a) il est entendu que la mention de l’année d’imposition et de l’année aux paragraphes (1) et (2) vaut mention de l’exercice; b) la mention « de son revenu », au paragraphe (1), vaut mention « du revenu tiré de l’entreprise ». Échange de biens
Where an amount is included under paragraph 12(1)(a) in computing a taxpayer’s income for a taxation year in respect of an undertaking to which that paragraph applies and the taxpayer paid a reasonable amount in a particular taxation year to another person as consideration for the assumption by that other person of the taxpayer’s obligations in respect of the undertaking, if the taxpayer and the other person jointly so elect, (a) the payment may be deducted in computing the taxpayer’s income for the particular year and no amount is deductible under paragraph 20(1)(m) or 20(1)(m.1) in computing the taxpayer’s income for that or any subsequent taxation year in respect of the undertaking; and (b) where the amount was received by the other person in the course of business, it shall be deemed to be an amount described in paragraph 12(1)(a). Manner of election
Lorsqu’un montant, au titre de la disposition, au cours d’une année d’imposition (appelée « année Income Tax PART I Income Tax DIVISION B Computation of Income
An election under subsection 20(24) shall be made by notifying the Minister in writing on or before the earlier of the days on or before which either the payer or the recipient is required to file a return of income pursuant to section 150 for the taxation year in which the payment to which the election relates was made. Loans, etc., acquired in ordinary course of business for a taxation year of a taxpayer who was an insurer or whose ordinary business included the lending of money, a loan or lending asset or an instrument or commitment described in paragraph 20(1)(l.1) acquired from a person with whom the taxpayer did not deal at arm’s length for an amount equal to its fair market value shall be deemed to have been acquired by the taxpayer in the ordinary course of the taxpayer’s business of insurance or the lending of money where (a) the person from whom the loan or lending asset or instrument or commitment was acquired carried on the business of insurance or the lending of money; and (b) the loan or lending asset was made or acquired or the instrument or commitment was issued, made or assumed by the person in the ordinary course of the person’s business of insurance or the lending of money. (27.1) The definitions in subsections 13(21) and 138(12) apply to this section.
Impôt sur le revenu
For a taxation year ending before the time a building or part thereof acquired after 1989 by the taxpayer becomes available for use by the taxpayer, there may be deducted an amount not exceeding the amount by which the lesser of (a) the amount that would be deductible under paragraph 20(1)(a) for the year in respect of the building if subsection 13(26) did not apply, and (b) the taxpayer’s income for the year from renting the building, computed without reference to this subsection and before deducting any amount in respect of the building under paragraph 20(1)(a) (c) the amount deductible under paragraph 20(1)(a) for the year in respect of the building, computed without reference to this subsection, and any amount so deducted shall be deemed to be an amount deducted by the taxpayer under paragraph 20(1)(a) in computing the taxpayer’s income for the year.
Where, because of subsection 18(3.1), a deduction would, but for this subsection, not be allowed to a taxpayer in respect of an outlay or expense in respect of a building, or part thereof, and the outlay or expense would, but for that subsection and without reference to this subsection, be deductible in computing the taxpayer’s income for a taxation year, there may be deducted in respect of such outlays and expenses in computing the taxpayer’s income for the year an amount equal to the lesser of (a) the total of all such outlays or expenses, and (b) the taxpayer’s income for the year from renting the building or the part thereof computed without reference to subsection 20(28) and this subsection.
For the purpose of the description of N in subclause 20(1)(ii)(D)(II), the specified reserve adjustment for a loan of a taxpayer for a taxation year is the amount determined by the formula A is the carrying amount of the impaired loan that is used or would be used in determining the interest income on the loan for the year in accordance with generally accepted accounting principles; B is the effective interest rate on the loan for the year determined in accordance with generally accepted accounting principles; and C is the number of days in the year on which the loan is impaired.
SUBDIVISION B Income or Loss from a Business or Property (i) the total of all amounts each of which is the individual's income from such a business for a fiscal period that ends in the year exceeds 50% of the individual's income for the year, or (ii) the individual's income for the year does not exceed the total of $10,000 and the total referred to in subparagraph (i) in respect of the individual for the year, on the assumption that the individual's income from each business is computed without reference to this subsection and the individual's income is computed without reference to this subsection and Subdivision E; and (b) the amount is payable under a contract between the individual or partnership and (i) a person licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada an insurance business or the business of offering to the public its services as trustee, (ii) a person or partnership engaged in the business of offering to the public its services as an administrator of private health services plans, or (iii) a person the taxable income of which is exempt under section 149 and that is a business or professional organization of which the individual is a member or a trade union of which the individual or a majority of the individual's employees are members.
initiale » au présent paragraphe), d’un bien amortissable (appelé « ancien bien » au présent article) d’une catégorie prescrite d’un contribuable serait, sans le présent paragraphe, le montant représenté par les éléments F ou G de la formule figurant à la définition de fraction non amortie du coût en capital au paragraphe (21), au titre de la disposition de l’ancien bien qui est : a) soit un bien dont le produit de disposition est visé aux alinéas b), c) ou d) de la définition de produit de disposition au paragraphe (21); b) soit un bien qui était, immédiatement avant qu’il en soit disposé, un ancien bien d’entreprise du contribuable, le contribuable peut faire un choix, dans sa déclaration de revenu produite pour l’année d’imposition au cours de laquelle il a acquis un bien amortissable d’une catégorie prescrite en remplacement de son ancien bien, pour que les règles suivantes s’appliquent : c) le montant représenté par ailleurs par les éléments F ou G, au titre de la disposition de l’ancien bien, est réduit du moindre des montants suivants : (i) l’excédent du montant représenté par ailleurs par ces éléments F ou G sur la fraction non amortie du coût en capital pour le contribuable de biens de la catégorie prescrite à laquelle appartenait l’ancien bien immédiatement avant la disposition de l’ancien bien, (ii) le montant que le contribuable a utilisé pour acquérir, avant celui des moments ci-après qui est applicable, selon le cas, un bien de remplacement d’une catégorie prescrite dont il n’a pas disposé avant le moment où il a disposé de l’ancien bien : (A) si l’ancien bien est visé à l’alinéa a), la fin de la deuxième année d’imposition suivant l’année initiale ou, si elle est postérieure, la fin de la période de 24 mois qui suit l’année initiale, (B) sinon, la fin de la première année d’imposition suivant l’année initiale ou, si elle est postérieure, la fin de la période de 12 mois qui suit l’année initiale; d) le montant de la réduction déterminée en vertu de l’alinéa c) est réputé être le produit de disposition d’un bien amortissable du contribuable dont le coût en capital était égal à ce montant et qui appartenait à la même catégorie que le bien de remplacement et dont il a été disposé au dernier en date des moments suivants : (4.2) Subsection (4.3) applies if Impôt sur le revenu
For the purpose of calculating the amount deductible under subsection (1) in computing an individual's income for a taxation year from a particular business, (a) no amount may be deducted to the extent that (i) it is deducted under this section in computing another individual's income for any taxation year, (ii) it is included in calculating a deduction under section 118.2 in computing an individual's tax payable under this Part for any taxation year; (b) where an amount payable under a private health services plan relates to a period in the year throughout which (i) each of one or more persons Restriction (A) is employed on a full-time basis (other than on a temporary or seasonal basis) in the particular business or in another business carried on by (I) the individual (otherwise than as a member of a partnership), (II) a partnership of which the individual is a majority-interest partner, or (III) a corporation affiliated with the individual, and (B) has accumulated not less than three months of service in that employment since the person last became so employed, and (ii) the total number of persons employed in a business described in clause (i)(A), with whom the individual deals at arm’s length and to whom coverage is extended under the plan, is not less than 50% of the total number of persons each of whom is a person (A) who carries on the particular business or is employed in a business described in clause (i)(A), and (B) to whom coverage is extended under the plan, the amount so deductible in relation to the period shall not exceed the individual’s cost of equivalent coverage under the plan in respect of each employed person who deals at arm’s length with the individual and who is described in subparagraph (i) in relation to the period; (c) subject to paragraph (d), where an amount payable under a private health services plan relates to a particular period in the year, other than a period described in paragraph (b), the amount so deductible in relation to the particular period shall not exceed the amount determined by the formula A is the number of days in the year that are included in the particular period, B is the product obtained when $1,500 is multiplied by the number of persons each of whom is covered under the plan, and (i) is the individual or the individual’s spouse or common-law partner, or (ii) is a member of the individual’s household and has attained the age of 18 years before the beginning of the particular period, and C is the product obtained when $750 is multiplied by the number of members of the individual’s household who, but for the fact that they have not attained the age of 18 years before the particular period began, would be included in computing the product under the description of B; and (d) where an amount payable under a private health services plan relates to a particular period in the year (other than a period described in paragraph (b)) and one or more persons with whom the individual deals at arm’s length are described in subparagraph (b)(ii) in relation to the particular period, the amount so deductible in relation to the particular period shall not exceed the lesser of the amount determined under the formula set out in paragraph (c) and the individual’s cost of equivalent coverage in respect of any such person in relation to the particular period.
For the purpose of subsection (2), an amount payable in respect of an individual under a private health services plan in relation to a period does not exceed the individual’s cost of equivalent coverage under the plan in respect of another person in relation to the period to the extent that, in relation to the period, the amount does not exceed the product obtained when (a) the amount that would be the individual’s cost of coverage under the plan if the benefits and coverage in respect of the individual, the individual’s spouse or common-law partner and the members of the individual’s household were identical to the benefits and coverage made available in respect of the other person, the other person’s spouse or common-law partner and the members of the other person’s household is multiplied by (b) the percentage of the cost of coverage under the plan in respect of the other person that is payable by the individual or a partnership of which the individual is a member. Borrowed money used to earn income from property (a) at any time after 1993 borrowed money ceases to be used by a taxpayer for the purpose of earning income from a capital property (other than real or immovable property or depreciable property), and (b) the amount of the borrowed money that was so used by the taxpayer immediately before that time exceeds the total of (i) where the taxpayer disposed of the property at that time for an amount of consideration that is not less than the fair market value of the property at that time, the amount of the borrowed money used to acquire the consideration, (ii) where the taxpayer disposed of the property at that time and subparagraph 20.1(1)(b)(i) does not apply, the amount of the borrowed money that, if the taxpayer had received as consideration an amount of money equal to the amount by which the fair market value of the property at that time exceeds the amount included in the total by reason of subparagraph 20.1(1)(b)(iii), would be considered to be used to acquire the consideration, (iii) where the taxpayer disposed of the property at that time for consideration that includes a reduction in the amount of the borrowed money, the amount of the reduction, and (iv) where the taxpayer did not dispose of the property at that time, the amount of the borrowed money that, if the taxpayer had disposed of the property at that time and received as consideration an amount of money equal to the fair market value of the property at that time, would be considered to be used to acquire the consideration, an amount of the borrowed money equal to the excess shall, to the extent that the amount is outstanding after that time, be deemed to be used by the taxpayer for the purpose of earning income from the property. Borrowed money used to earn income from business
Where at any particular time after 1993 a taxpayer ceases to carry on a business and, as a consequence, borrowed money ceases to be used by the taxpayer for the purpose of earning income from the business, the following rules apply: (a) where, at any time (in this paragraph referred to as the “time of disposition”) at or after the particular SUBDIVISION B Income or Loss from a Business or Property time, the taxpayer disposes of property that was last used by the taxpayer in the business, an amount of the borrowed money equal to the lesser of (i) the fair market value of the property at the time of disposition, and (ii) the amount of the borrowed money outstanding at the time of disposition that is not deemed by this paragraph to have been used before the time of disposition to acquire any other property shall be deemed to have been used by the taxpayer immediately before the time of disposition to acquire the property; (b) subject to paragraph 20.1(2)(a), the borrowed money shall, after the particular time, be deemed not to have been used to acquire property that was used by the taxpayer in the business; (c) the portion of the borrowed money outstanding at any time after the particular time that is not deemed by paragraph 20.1(2)(a) to have been used before the subsequent time to acquire property shall be deemed to be used by the taxpayer at that subsequent time for the purpose of earning income from the business; and (d) the business shall be deemed to have fiscal periods after the particular time that coincide with the taxation years of the taxpayer, except that the first such fiscal period shall be deemed to begin at the end of the business’s last fiscal period that began before the particular time. (a) where a property was used by a taxpayer in a business that the taxpayer has ceased to carry on, the taxpayer shall be deemed to dispose of the property at the time at which the taxpayer begins to use the property in another business or for any other purpose; (b) where a taxpayer, who has at any time ceased to carry on a business, regularly used a property in part in the business and in part for some other purpose, (i) the taxpayer shall be deemed to have disposed of the property at that time, and (ii) the fair market value of the property at that time shall be deemed to equal the proportion of the fair market value of the property at that time that the use regularly made of the property in the business was of the whole use regularly made of the property; and (c) where the taxpayer is a trust, subsections 104(4) to 104(5.2) do not apply. Amount payable for property
Where an amount is payable by a taxpayer for property, the amount shall be deemed, for the purposes of this section and, where subsection 20.1(2) applies with respect to the amount, for the purposes of this Act, to be payable in respect of borrowed money used by the taxpayer to acquire the property. Interest in partnership
de personnes (appelée « cessionnaire » au présent paragraphe et au paragraphe (4.3)); b) le cessionnaire a acquis l’ancien bien du cédant ou a acquis d’une autre personne ou société de personnes, au moment de la discontinuation, un bien semblable relativement au même lieu fixe; c) le cédant et le cessionnaire ont fait, dans leur déclaration de revenu visant leur année d’imposition qui comprend le moment de la disposition ou de la continuation, un choix conjoint afin que le paragraphe (4.3) s’applique à l’acquisition ainsi qu’à la disposition ou la discontinuation. Effet du choix (4.3) En cas d’application du présent paragraphe à une acquisition et à une disposition ou une discontinuation, les règles ci-après s’appliquent : a) le cessionnaire, s’il a acquis le bien semblable visé à l’alinéa (4.2)b), est réputé être propriétaire jusqu’au moment où il n’est propriétaire ni de l’ancien bien ni d’un bien semblable relativement au même lieu fixe auquel l’ancien bien se rapportait; b) le cessionnaire, s’il a acquis l’ancien bien visé à l’alinéa (4.2)b), est réputé être propriétaire jusqu’au moment où il n’est propriétaire ni de l’ancien bien ni d’un bien semblable relativement au même lieu fixe auquel l’ancien bien se rapportait; c) pour déterminer le montant qui est déductible en application de l’alinéa 20(1)a) relativement à l’ancien bien dans le calcul du revenu du cessionnaire, la durée restant à l’ancien bien au moment de son acquisition par le cessionnaire est réputée être égale à la durée qui lui restait au moment de son acquisition par le cédant; d) tout montant qui, en l’absence du présent paragraphe, serait inclus soit dans le coût d’un bien du cessionnaire qui est compris dans la catégorie 14.1 de l’annexe II du Règlement de l’impôt sur le revenu (y compris une acquisition réputée visée au paragraphe (35)), soit dans le produit de disposition d’un bien du cédant qui est compris dans cette catégorie (y compris une disposition réputée visée au paragraphe (37)) relativement à la disposition ou à la discontinuation de l’ancien bien par le cédant est réputé, à la fois : (i) n’être inclus ni dans le coût de ce bien ni dans le produit de disposition relatif à un bien de cette catégorie, (ii) être un montant à inclure dans le calcul du coût en capital de l’ancien bien pour le cessionnaire, Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this section, where borrowed money that has been used to acquire an interest in a partnership is, as a consequence, considered to be used at any time for the purpose of earning income from a business or property of the partnership, the borrowed money shall be deemed to be used at that time for the purpose of earning income from property that is the interest in the partnership and not to be used for the purpose of earning income from the business or property of the partnership.
Reclassification of property A - B where Impôt sur le revenu
Where at any time a taxpayer uses borrowed money to repay money previously borrowed that was deemed by paragraph 20.1(2)(c) immediately before that time to be used for the purpose of earning income from a business, (b) subsection 20(3) does not apply with respect to the borrowed money. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1994, c. 21, s. 13; 2013, c. 34, s. 98.
branch advance of an authorized foreign bank means an amount allocated or provided by, or on behalf of, the bank to, or for the benefit of, its Canadian banking business under terms that were documented, before the amount was so allocated or provided, to the same extent as, and in a form similar to the form in which, the bank would ordinarily document a loan by it to a person with whom it deals at arm’s length. (avance de succursale) branch financial statements of an authorized foreign bank for a taxation year means the unconsolidated statements of assets and liabilities and of income and expenses for the year, in respect of its Canadian banking business, (a) that form part of the bank’s annual report for the year filed with the Superintendent of Financial Institutions as required under section 601 of the Bank Act, and accepted by the Superintendent, and (b) if no filing is so required for the taxation year, that are prepared in a manner consistent with the statements in the annual report or reports so filed and accepted for the period or periods in which the taxation year falls, except if the Minister demonstrates that the statements are not prepared in accordance with generally-accepted accounting principles in Canada as modified by any specifications applicable to the bank made by the Superintendent of Financial Institutions under subsection 308(4) of the Bank Act (in this definition referred to as “modified GAAP”), in which case it means the statements subject to such modifications as are required to make them comply with modified GAAP. (états financiers de succursale) calculation period of an authorized foreign bank for a taxation year means any one of a series of regular periods into which the year is divided in a designation by the bank in its return of income for the year or, in the absence of such a designation, by the Minister, (a) none of which is longer than 31 days; (b) the first of which commences at the beginning of the year and the last of which ends at the end of the year; and (c) that are, unless the Minister otherwise agrees in writing, consistent with the calculation periods designated for the bank’s preceding taxation year. (période de calcul)
The following descriptions apply for the purposes of the formula in subsection (3) for any calculation period in a taxation year of an authorized foreign bank: A is the amount of the bank’s assets at the end of the period; BA is the amount of the bank’s branch advances at the end of the period; IBA is the total of all amounts each of which is a reasonable amount on account of notional interest for the period, in respect of a branch advance, that would be deductible in computing the bank’s income for the year if it were interest payable by, and the advance were indebtedness of, the bank to another person and if this Act were read without reference to paragraph 18(1)(v) and this section; IL is the total of all amounts each of which is an amount on account of interest for the period in respect of a liability of the bank to another person or partnership that would be deductible in computing the bank’s income for the year if this Act were read without reference to paragraph 18(1)(v) and this section; and L is the amount of the bank’s liabilities to other persons and partnerships at the end of the period.
In computing the income of an authorized foreign bank from its Canadian banking business for a taxation year, there may be deducted on account of interest for each calculation period of the bank for the year, (a) where the total amount at the end of the period of its liabilities to other persons and partnerships and branch advances is 95% or more of the amount of its assets at that time, an amount not exceeding (i) if the amount of liabilities to other persons and partnerships at that time is less than 95% of the amount of its assets at that time, the amount determined by the formula (ii) if the amount of those liabilities at that time is greater than or equal to 95% of the amount of its assets at that time, the amount determined by the formula (b) in any other case, the total of (i) the amount determined by the formula (ii) the product of (A) the amount that the bank claims in its return of income for the year, not exceeding the amount determined by the formula (A) the amount claimed by the bank, in its return of income for the year, not exceeding the amount determined by the formula (B) the average, based on daily observations, of the Bank of Canada bank rate for the period. Branch amounts
(iii) être un montant à inclure dans le calcul du produit de disposition, pour le cédant, découlant d’une disposition de l’ancien bien. Reclassification des biens
Only amounts that are in respect of an authorized foreign bank’s Canadian banking business, and that are recorded in the books of account of the business in a manner consistent with the manner in which they are required to be treated for the purposes of the branch financial statements, shall be used to determine (a) the amounts in subsection (2); and (b) the amounts in subsection (3) of an authorized foreign bank’s assets, liabilities to other persons and partnerships, and branch advances. Notional interest
Dans le cas où un ou plusieurs biens amortissables d’un contribuable qui faisaient partie d’une catégorie prescrite (appelée « ancienne catégorie » au présent paragraphe) font partie, à compter d’un moment donné (appelé « moment du transfert » au présent paragraphe), d’une autre catégorie prescrite (appelée « nouvelle catégorie » au présent paragraphe), les règles suivantes s’appliquent au calcul, au moment postérieur, de la fraction non amortie du coût en capital, pour le contribuable, des biens amortissables de l’ancienne catégorie et de la nouvelle catégorie : a) la valeur de l’élément A de la formule figurant à la définition de fraction non amortie du coût en capital au paragraphe (21) est déterminée comme si chacun de ces biens amortissables : (i) étaient des biens de la nouvelle catégorie, acquis avant le moment postérieur, (ii) n’avaient jamais fait partie de l’ancienne catégorie; b) le plus élevé des montants ci-après est à déduire dans le calcul de l’amortissement total accordé au contribuable pour les biens de l’ancienne catégorie avant le moment postérieur et est à ajouter dans le calcul de l’amortissement total qui lui est accordé pour les biens de la nouvelle catégorie avant ce moment : (i) le résultat du calcul suivant : A - B où : A représente le total des montants représentant chacun le coût en capital, pour lui, de chacun de ces biens amortissables, B la fraction non amortie du coût en capital, pour lui, des biens amortissables de l’ancienne catégorie au moment du transfert, (ii) le total des montants représentant chacun un montant qui aurait été déduit en application de l’alinéa 20(1)a) relativement à un bien amortissable qui compte parmi ces biens dans le calcul du revenu du contribuable pour une année d’imposition qui Rules applicable exceeds s’est terminée avant le moment du transfert et au terme de laquelle le bien fait partie de l’ancienne catégorie, à la fois : (A) le bien avait été le seul bien d’une catégorie prescrite distincte, (B) le taux prévu pour cette catégorie distincte selon les dispositions réglementaires prises en application de l’alinéa 20(1)a) avait été le taux réel utilisé par le contribuable pour calculer une déduction prévue à cet alinéa au titre de l’ancienne catégorie pour l’année. Règles applicables (5.1) Dans le cas où, à un moment donné d’une année d’imposition, un contribuable a acquis un bien donné sur lequel il avait, immédiatement avant ce moment, un droit de tenure à bail d’une catégorie prescrite, les règles suivantes s’appliquent dans le cadre du présent article, de l’article 20 et des dispositions réglementaires prises en vertu de l’alinéa 20(1)a) : a) le contribuable est réputé avoir disposé du droit de tenure à bail à ce moment, pour un produit de disposition égal à l’excédent éventuel du montant visé au sous-alinéa (i) sur celui visé au sous-alinéa (ii) : (i) le coût en capital du droit de tenure à bail immédiatement avant ce moment, (ii) le total des montants pour lesquels le contribuable a demandé une déduction à l’égard du droit de tenure à bail et qui étaient déductibles en vertu de l’alinéa 20(1)a) dans le calcul de son revenu pour les années d’imposition antérieures; b) le bien donné est réputé être un bien amortissable d’une catégorie prescrite que le contribuable a acquis à ce moment et il est ajouté au coût en capital du bien, pour lui, un montant égal au coût en capital du bien, pour lui, c) le total prévu au sous-alinéa a)(ii) doit être ajouté à l’amortissement total accordé au contribuable avant ce moment pour la catégorie dont fait partie le bien donné. Coût et amortissement réputés (5.2) Lorsque, à un moment donné, un contribuable a acquis une immobilisation qui est un bien amortissable ou un bien immeuble ou réel à l’égard duquel, avant ce moment, le contribuable ou une personne avec qui il avait un lien de dépendance avait droit à une déduction dans le calcul de son revenu relativement à tout montant payé ou payable pour l’usage ou le droit d’usage du bien et que le coût ou le coût en capital (déterminé compte non tenu du présent paragraphe) à ce moment du bien pour le contribuable est inférieur à sa juste valeur marchande à ce moment, déterminée compte non tenu d’une option sur ce bien, les règles ci-après s’appliquent au présent article, à l’article 20 et aux dispositions réglementaires prises en vertu de l’alinéa 20(1)a) : a) le bien est réputé avoir été acquis par le contribuable à ce moment à un coût égal au moindre des montants suivants : (i) la juste valeur marchande du bien, à ce moment, déterminée compte non tenu d’une option sur ce bien, (ii) la somme du coût ou coût en capital (déterminé compte non tenu du présent paragraphe) du bien pour le contribuable et de toutes les sommes (à l’exclusion de celles payées ou payables à une personne avec qui le contribuable avait un lien de dépendance) dont chacune représente une dépense engagée ou effectuée par le contribuable ou par une personne avec qui le contribuable avait un lien de dépendance avec celle-ci; b) l’excédent du coût pour le contribuable du bien déterminé en vertu de l’alinéa a) sur le coût ou coût en capital de ce bien (déterminé compte non tenu du présent paragraphe) est ajouté à l’amortissement total accordé au contribuable avant ce moment relativement à la catégorie prescrite à laquelle le bien appartient; c) le bien qui ne serait pas, sans le présent alinéa, un bien amortissable du contribuable est réputé être un bien amortissable d’une catégorie prescrite distincte du contribuable. Récupération réputée (5.3) Dans le cas où, au cours d’une année d’imposition, un contribuable a disposé d’une immobilisation qui est une option sur un bien amortissable ou un bien Idem (a) an amount equal to the lesser of (B) the time of the disposition Immeuble ou réel à l’égard du contribuable ou une personne avec qui il avait un lien de dépendance avait droit à une déduction dans le calcul de son revenu relativement à toute somme payée pour l’usage ou le droit d’usage du bien, l’excédent du produit de disposition de l’option pour le contribuable sur le coût de celle-ci pour le contribuable est, pour l’application du présent article, réputé être un excédent visé au paragraphe (1) à l’égard du contribuable pour l’année. Idem (5.4) Dans le cas où, avant la disposition d’une immobilisation qui était un bien amortissable d’un contribuable, le contribuable ou toute personne avec laquelle il avait un lien de dépendance avait droit à une déduction dans le calcul de son revenu à l’égard d’une dépense engagée ou effectuée pour l’usage ou le droit d’usage du bien pendant une période (sauf une dépense engagée ou effectuée par le contribuable ou une personne avec laquelle il avait un lien de dépendance avant l’acquisition du bien), les règles suivantes s’appliquent, sauf si le contribuable a disposé du bien en faveur d’une personne avec laquelle il avait un lien de dépendance et que cette personne était assujettie aux dispositions du paragraphe (5.2) relativement à l’acquisition par elle du bien : a) une somme égale au moins élevé des montants suivants doit être ajoutée, immédiatement avant le moment de la disposition, au coût en capital du bien, pour la personne qui était propriétaire du bien à ce moment : (i) le total des sommes (sauf celles payées ou payables au contribuable ou à une personne avec laquelle le contribuable avait un lien de dépendance) dont chacune représente une dépense déductible engagée ou effectuée avant la disposition par le contribuable ou par une personne avec laquelle il avait un lien de dépendance pour l’usage ou le droit d’usage du bien pendant la période, (ii) l’excédent éventuel de la juste valeur marchande du bien au premier en date des jours suivants sur le coût en capital du bien, pour le contribuable, immédiatement avant ce jour : (A) le jour de l’expiration de la dernière période à l’égard de laquelle la dépense déductible visée au sous-alinéa (i) a été engagée ou effectuée, (B) le jour de la disposition b) la somme ajoutée au coût en capital du bien, pour le contribuable, conformément à l’alinéa a) est ajoutée, immédiatement avant le moment de la disposition, à l’amortissement total accordé au contribuable Misclassified property Rules applicable Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of the description of IBA in subsection (2), a reasonable amount on account of notional interest for a calculation period in respect of a branch advance is the amount that would be payable on account of interest for the period by a notional borrower, having regard to the duration of the advance, the currency in which repayment is required and all other terms, as adjusted by paragraph (c), of the advance, if (a) the borrower were a person that dealt at arm’s length with the bank, that carried on the bank’s Canadian banking business and that had the same creditworthiness and borrowing capacity as the bank; (b) the advance were a loan by the bank to the borrower; and (c) any of the terms of the advance (excluding the rate of interest, but including the structure of the interest calculation, such as whether the rate is fixed or floating and the choice of any reference rate referred to) that are not terms that would be made between the bank as lender and the borrower, having regard to all the circumstances, including the nature of the Canadian banking business, the use of the advanced funds in the business and normal risk management practices for banks, were instead terms that would be agreed to by the bank and the borrower. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2001, c. 17, s. 14.
(ii) the total of Impôt sur le revenu
exchange date in respect of a debt of a taxpayer that is at any time a weak currency debt means, if the debt is incurred or assumed by the taxpayer (a) in respect of borrowed money that is denominated in the final currency, the day that the debt is incurred or assumed by the taxpayer; and (b) in respect of borrowed money that is not denominated in the final currency, or in respect of the acquisition of property, the day on which the taxpayer uses the borrowed money or the acquired property, directly or indirectly, to acquire funds that are, or to settle an obligation that is, denominated in the final currency. (date de l’échange) hedge in respect of a debt of a taxpayer that is at any time a weak currency debt means any agreement made by the taxpayer (a) that can reasonably be regarded as having been made by the taxpayer primarily to reduce the taxpayer’s risk, with respect to payments of principal or interest in respect of the debt, of fluctuations in the value of the weak currency; and (b) that is identified by the taxpayer as a hedge in respect of the debt in a designation in prescribed form filed with the Minister on or before the 30th day after the day the taxpayer enters into the agreement. (opération de couverture) weak currency debt of a taxpayer at a particular time means a particular debt in a foreign currency (in this section referred to as the “weak currency”), incurred or assumed by the taxpayer at a time (in this section referred to as the “commitment time”) after February 27, 2000, in respect of a borrowing of money or an acquisition of property, where (a) any of the following applies, namely, (i) the borrowed money is denominated in a currency (in this section referred to as the “final currency”) other than the weak currency, is used for the purpose of earning income from a business or property and is not used to acquire funds in a currency other than the final currency, (ii) the borrowed money or the acquired property is used, directly or indirectly, to acquire funds that are denominated in a currency (in this section referred to as the “final currency”) other than the weak currency, that are used for the purpose of earning income from a business or property and that are not used to acquire funds in a currency other than the final currency, or (iii) the borrowed money or the acquired property is used, directly or indirectly, to settle an obligation that is denominated in a currency (in this section referred to as the “final currency”) other than the weak currency, that is incurred or assumed for the purpose of earning income from a business or property and that is not incurred or assumed to acquire funds in a currency other than the final currency, or (iv) the borrowed money or the acquired property is used, directly or indirectly, to settle another debt of the taxpayer that is at any time a weak currency debt in respect of which the final currency (which is deemed to be the final currency in respect of the particular debt) is a currency other than the currency of the particular debt; (b) the amount of the particular debt (together with any other debt that would, but for this paragraph, be at any time a weak currency debt, and that can reasonably be regarded as having been incurred or assumed by the taxpayer as part of a series of transactions that includes the incurring or assumption of the particular debt) exceeds $500,000; and (c) either of the following applies, namely, (i) if the rate at which interest is payable at the particular time in the weak currency in respect of the particular debt is determined under a formula based on the value from time to time of a reference rate (other than a reference rate the value of which is established or materially influenced by the taxpayer), the interest rate at the commitment time, as determined under the formula as though interest were then payable, exceeds by more than two percentage points the rate at which interest would have been payable at the commitment time in the final currency if (A) the taxpayer had, at the commitment time, instead incurred or assumed an equivalent amount of debt in the final currency on the same terms as the particular debt (excluding the rate of interest but including the structure of the interest calculation, such as whether the rate is Interest and gain
Notwithstanding any other provision of this Act, the following rules apply in respect of a particular debt of a taxpayer (other than a corporation described in one or more of paragraphs (a), (b), (c) and (e) of the definition specified financial institution in subsection 248(1)) that is at any time a weak currency debt: (a) no deduction on account of interest that accrues on the debt for any period that begins after the day that is the later of June 30, 2000 and the exchange date during which it is a weak currency debt shall exceed the amount of interest that would, if at the commitment time the taxpayer had instead incurred or assumed an equivalent amount of debt, the principal and interest in respect of which were denominated in the final currency, on the same terms as the particular debt (excluding the rate of interest but including the structure of the interest calculation, such as whether the rate is fixed or floating), during that period, with those modifications that the difference in currency requires; (b) the amount, if any, of the taxpayer’s gain or loss (in this section referred to as a “foreign exchange gain or loss”) for a taxation year on the settlement or extinguishment of the debt that arises because of the fluctuation in the value of any currency shall be included or deducted, as the case may be, in computing the taxpayer’s income for the year from the business or the property to which the debt relates; and (c) the amount of any interest on the debt that was, because of this subsection, not deductible is deemed, for the purpose of computing the taxpayer’s foreign exchange gain or loss on the settlement or extinguishment of the debt, to be an amount paid by the taxpayer to settle or extinguish the debt.
In applying subsection (2) in circumstances where a taxpayer has entered into a hedge in respect of a debt of the taxpayer that is at any time a weak currency debt, the amount paid or payable in the weak currency for a taxation year on account of interest on the debt, or paid in the weak currency in the year on account of the debt’s principal, shall be decreased by the amount of any foreign exchange gain, or increased by the amount of any foreign exchange loss, on the hedge in respect of the amount so paid or payable. Repayment of principal
If the amount (expressed in the weak currency) outstanding on account of principal in respect of a debt of the taxpayer that is at any time a weak currency debt is reduced before maturity (whether by repayment or otherwise), the amount (expressed in the weak currency) of the reduction is deemed, except for the purposes of determining the rate of interest that would have been charged on an equivalent loan in the final currency and applying paragraph (b) of the definition weak currency debt in subsection (1), to have been a separate debt from the commitment time. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2001, c. 17, s. 14.
même moment et l’avoir acquis de nouveau immédiatement après à un coût égal à cette juste valeur marchande; b) le contribuable ayant acquis un bien à une autre fin et qui commence, à un moment postérieur, à l’utiliser en vue d’en tirer un revenu est réputé l’avoir acquis à ce moment postérieur à un coût en capital, pour lui, égal au moindre des montants suivants : (i) la juste valeur marchande du bien à ce moment postérieur, (ii) le total des montants suivants : (A) le coût du bien pour lui à ce moment postérieur calculé compte non tenu du présent alinéa, de l’alinéa a) et du sous-alinéa d)(ii), (B) la moitié de l’excédent éventuel de la juste valeur marchande du bien à ce moment postérieur sur le total du coût établi selon la division (A), et du montant déduit par le contribuable en vertu de l’article 110.6 à l’égard de l’excédent éventuel de la juste valeur marchande du bien à ce moment postérieur sur le coût du bien pour le contribuable calculé selon la division (A); c) lorsque, depuis son acquisition par un contribuable, un bien a été habituellement utilisé, en partie en vue d’en tirer un revenu et en partie à une autre fin, ce contribuable est réputé avoir acquis, en vue d’en tirer un revenu, la fraction du bien représentée par le rapport entre l’usage qui en est fait habituellement pour tirer un revenu et l’usage total habituel du bien, à un coût en capital, pour le contribuable, égal à la même fraction du coût en capital, pour lui, du bien entier; si, dans ce cas, le bien a fait l’objet d’une disposition, le produit de disposition de la fraction du bien réputée acquise pour tirer un revenu est réputé égal à la même fraction du produit de disposition du bien entier; d) lorsque, à un moment donné après l’acquisition d’un bien par le contribuable, le rapport entre l’usage qu’il fait habituellement du bien en vue d’en tirer un revenu et l’usage habituel du bien à d’autres fins change : (i) si l’usage qu’il fait habituellement du bien en vue d’en tirer un revenu augmente, le contribuable est réputé avoir acquis, à ce moment, un bien amortissable de cette catégorie à un coût en capital égal au total des montants suivants : (A) le produit de la multiplication, par le rapport entre l’augmentation de l’usage que le contribuable fait habituellement du bien à ces fins et l’usage total habituel de ce bien, du moindre des montants suivants : (I) la juste valeur marchande du bien à ce moment, (II) le coût du bien pour lui à ce moment calculé compte non tenu du présent sous-alinéa, du sous-alinéa (ii) de l’alinéa a), (B) la moitié de l’excédent éventuel : (I) du montant réputé par le sous-alinéa 45(1)c)(ii) être le produit de disposition du bien pour le contribuable en raison du changement d’usage, sur le total des montants suivants : (II) le produit de la multiplication du coût du bien pour le contribuable, calculé selon la subdivision (A)(II), par le rapport entre l’augmentation de l’usage qu’il fait habituellement du bien à ces fins et l’usage total habituel du bien, (III) le double du montant déduit par le contribuable en application de l’article 110.6 à l’égard de l’excédent éventuel du montant visé à la subdivision (I) sur le montant calculé selon la subdivision (II), (ii) si l’usage qu’il fait habituellement du bien en vue de tirer un revenu a diminué, le contribuable est réputé avoir disposé, à ce moment, d’un bien amortissable de cette catégorie et le produit de disposition est réputé être la fraction de la juste valeur marchande du bien à ce moment représentée par le rapport entre la diminution de l’usage que le contribuable fait habituellement du bien à ces fins et l’usage total habituel de ce bien, e) malgré les autres dispositions de la présente loi, à l’exception du paragraphe 70(13), lorsqu’un contribuable — personne ou société de personnes — a acquis, à un moment donné, directement ou indirectement, de quelque manière que ce soit (autre qu’en raison d’un transfert visé au sous-alinéa (ii) de la définition de bien amortissable, sauf un avoir forestier, d’une catégorie prescrite auprès d’une personne ou société de personnes (appelée « auteur du transfert » au présent alinéa) avec laquelle le contribuable avait un lien de dépendance et que le bien était une immobilisation de Income Tax PART I Income Tax DIVISION B Computation of Income
Transition year income deduction
(I) the transferor’s proceeds of disposition of the property l’auteur du transfert immédiatement avant le transfert : (i) si l’auteur du transfert était un particulier qui résidait au Canada ou une société de personnes dont un associé était un particulier qui résidait au Canada ou une autre société de personnes et si le coût du bien pour le contribuable à ce moment, calculé compte non tenu du présent alinéa, dépasse le coût ou, s’il s’agit d’un bien amortissable, le coût en capital du bien pour l’auteur du transfert immédiatement avant que celui-ci en ait disposé, le coût en capital du bien pour le contribuable à ce moment est réputé correspondre au total des montants suivants : (A) le coût ou coût en capital, selon le cas, du bien pour l’auteur du transfert immédiatement avant ce moment, (B) la moitié de l’excédent éventuel : (I) du produit de disposition du bien pour l’auteur du transfert, sur le total des montants suivants : (II) le coût ou coût en capital, selon le cas, du bien pour l’auteur du transfert immédiatement avant ce moment, (III) le double du montant déduit par une personne selon l’article 110.6 au titre de l’excédent éventuel du montant visé à la subdivision (I) sur le montant visé à la subdivision (II), (IV) le montant éventuel à déduire, en application du paragraphe 110.6(21), dans le calcul du coût en capital du bien pour le contribuable à ce moment; en outre, pour l’application de l’alinéa (e) et du sous-alinéa (i), le coût du bien pour le contribuable est réputé correspondre au même montant, (ii) si l’auteur du transfert n’était ni un particulier qui résidait au Canada ni une société de personnes dont un associé était un particulier qui résidait au Canada ou une autre société de personnes et si le coût du bien pour le contribuable à ce moment, calculé compte non tenu du présent alinéa, dépasse le coût ou, s’il s’agit d’un bien amortissable, le coût en capital du bien pour l’auteur du transfert immédiatement avant que celui-ci en ait disposé, le coût en capital du bien pour le contribuable à ce moment est réputé correspondre au total des montants suivants : (A) le coût ou coût en capital, selon le cas, du bien pour l’auteur du transfert immédiatement avant ce moment, (B) la moitié de l’excédent éventuel du produit de disposition du bien pour l’auteur du transfert sur le coût ou coût en capital, selon le cas, pour l’auteur du transfert immédiatement avant ce moment; en outre, pour l’application de l’alinéa (b) et du sous-alinéa(d)(i), le coût du bien pour le contribuable est réputé correspondre au même total, (iii) si le coût ou coût en capital, selon le cas, du bien pour l’auteur du transfert immédiatement avant que celui-ci en ait disposé dépasse le coût en capital du bien pour le contribuable à ce moment, calculé compte non tenu du présent alinéa, le coût en capital du bien pour le contribuable à ce moment est réputé correspondre au coût ou coût en capital, selon le cas, du bien pour l’auteur du transfert immédiatement avant que celui-ci en ait disposé, et l’excédent est réputé avoir été déduit en application du titre du bien, conformément aux dispositions réglementaires prises en application de l’alinéa 20(1)a), dans le calcul du revenu du contribuable pour les années d’imposition se terminant avant que celui-ci ait acquis le bien; e.1) le contribuable qui est réputé par l’alinéa 110.6(19)a) avoir disposé d’un bien et l’avoir acquis de nouveau — lequel bien était, immédiatement avant la disposition, un bien amortissable — est réputé avoir acquis le bien de lui-même et, à cette fin, avoir un lien de dépendance avec lui-même; f) dans le cas où un contribuable est réputé, en vertu de l’alinéa 111(4)e), avoir disposé d’un bien amortissable, sauf un avoir forestier, et l’avoir acquis de nouveau, le coût en capital du bien pour le contribuable à ce moment est réputé être égal au total des sommes suivantes : (i) le coût en capital du bien pour lui au moment de la disposition, (ii) la moitié de l’excédent éventuel du produit de disposition du bien pour lui sur son coût en capital pour lui au moment de la disposition; g) si le coût d’une voiture de tourisme pour un contribuable est supérieur à 20 000 $ ou à tout autre montant fixé par règlement, le coût en capital de la voiture A × B/C where B is D + (E + F) − (G + H) A × B/C where B is D + (E + F) – (G + H) where où : D représente le coût de la voiture pour le contribuable, E le montant déterminé selon l’alinéa (7.1)d) relativement à la voiture au moment de la disposition, F le montant maximum obtenu pour l’élément C de la formule figurant à la définition de fraction non amortie du coût en capital au paragraphe (21) relativement à la voiture, G le montant déterminé selon l’alinéa (7.1)f) relativement à la voiture au moment de la disposition, H le montant maximum obtenu pour l’élément J de la formule figurant à la définition de fraction non amortie du coût en capital au paragraphe (21) relativement à la voiture. Coût en capital présumé de certains biens (7.1) Pour l’application de la présente loi, lorsque l’article 80 a eu pour effet de réduire le coût en capital d’un bien amortissable pour un contribuable ou qu’un contribuable a déduit un montant en vertu des paragraphes 127(5) ou (6), 127.4(3), 127.45(6), 127.48(3) ou 127.49(6) relativement à un bien amortissable ou a reçu ou est en droit de recevoir une aide d’un gouvernement, d’une municipalité ou d’une autre administration relativement à des biens amortissables ou en vue d’en acquérir, sous forme de prime, de subvention, de prêt à remboursement conditionnel, de déduction de l’impôt ou d’allocation de (a) an amount described in paragraph 37(1)(d), placement, ou sous toute autre forme, à l’exception des sommes et montants suivants : a) un montant visé à l’alinéa 37(1)d); b) une somme dont la déduction est autorisée par l’article 65; b.1) un montant inclus dans le revenu pour l’application de l’alinéa 12(1)u) ou 56(1)s); b.2) une somme reçue par le contribuable sous forme d’un prêt exclu au sens du paragraphe 12(11), le coût en capital du bien, pour le contribuable, à un moment donné est réputé être l’excédent éventuel du total des montants suivants : c) le coût en capital du bien pour le contribuable, calculé compte non tenu du présent paragraphe, du paragraphe (7.4) et de l’article 80; d) la partie de l’aide qui a été remboursée par le contribuable en exécution d’une obligation de rembourser tout ou partie de cette aide relativement au bien avant qu’il en dispose et avant le moment donné, sur le total des montants suivants : e) si le bien a été acquis au cours d’une année d’imposition se terminant avant le moment donné, les montants déduits par le contribuable en application des paragraphes 127(5) ou (6), 127.44(3), 127.45(6), 127.48(3) ou 127.49(6) au cours d’une année d’imposition se terminant avant le moment donné; f) le montant de l’aide que le contribuable a reçu ou a le droit, avant le moment donné, de recevoir; g) les montants qui, par l’effet de l’article 80, sont à appliquer, à ce moment ou antérieurement, à la réduction du coût en capital du bien pour le contribuable en ce qui concerne le bien avant que le contribuable n’en dispose. Aide d’une administration (7.2) Pour l’application du paragraphe (7.1), lorsque, à un moment donné, un contribuable bénéficiaire d’une fiducie ou associé d’une société de personnes a reçu ou est en droit de recevoir une aide d’un gouvernement, d’une municipalité ou d’une autre administration, sous forme de prime, de subvention, de prêt à remboursement conditionnel, de déduction de l’impôt ou d’allocation de placement, ou sous toute autre forme, le montant de l’aide qu’il est raisonnable de considérer comme se rapportant à un bien amortissable de la fiducie ou de la société de personnes ou comme étant destinée à Income Tax PART I Income Tax DIVISION B Computation of Income
There shall be deducted in computing an insurer’s income for its transition year from an insurance business carried on by it in Canada in the transition year the absolute value of the negative amount, if any, of the insurer’s reserve transition amount in respect of that insurance business.
(a) the capital cost of the property to the taxpayer otherwise determined, applying the provisions of subsection 13(7.1), where necessary, and l’acquisition d’un bien est réputé avoir été reçu à ce moment par la fiducie ou par la société de personnes, selon le cas, à titre d’aide du gouvernement, de la municipalité ou de l’autre administration pour l’acquisition d’un tel bien. Contrôle d’une société par un fiduciaire (7.3) Pour l’application de l’alinéa (7)e), deux sociétés qui, étant contrôlées par le même fiduciaire, liquidateur de succession ou exécuteur testamentaire, seraient liées l’une à l’autre à un moment donné, sans le présent paragraphe, sont réputées ne pas être liées à ce moment s’il est établi : a) d’une part, que le fiduciaire, liquidateur ou exécuteur n’a pas acquis le contrôle des sociétés par suite de la création d’une ou de plusieurs successions ou fiducies par une même personne ou par plusieurs particuliers qui ont un lien de dépendance entre eux; b) d’autre part, que la fiducie ou succession en vertu de laquelle le fiduciaire, liquidateur ou exécuteur a acquis le contrôle de chacune des sociétés est commencée à exister qu’au décès du particulier qui a créé la fiducie ou succession. Coût en capital réputé (7.4) Malgré le paragraphe (7.1), lorsqu’un contribuable a reçu au cours d’une année d’imposition un montant qui, sans le présent paragraphe, serait inclus dans son revenu en vertu de l’alinéa 12(1)x) à l’égard du coût d’un bien amortissable qu’il a acquis au cours de l’année, des trois années d’imposition précédentes ou de l’année d’imposition suivante, et que le contribuable en fait le choix en vertu du présent paragraphe, au plus tard à la date où il est tenu de produire sa déclaration de revenu en vertu de la présente partie pour l’année ou, si le bien est acquis au cours de l’année d’imposition suivante, pour cette année, le coût en capital du bien pour le contribuable est réputé égal à l’excédent du total des montants suivants sur le montant choisi par le contribuable en vertu du présent paragraphe relativement au bien : a) le coût en capital du bien pour le contribuable, calculé par ailleurs conformément au paragraphe (7.1), le cas échéant; b) la partie du montant reçu par le contribuable et remboursé par celui-ci, en conformité avec une obligation légale d’en rembourser tout ou partie, relativement au bien avant qu’il n’en ait disposé, qu’il est raisonnable de considérer comme relative au montant choisi en vertu du présent paragraphe relativement au bien. Income Tax PART I Income Tax DIVISION B Computation of Income
If an amount has been included under subsection 12.5(2) in computing an insurer’s income for its transition year from an insurance business carried on by it in Canada, there shall be deducted in computing the insurer’s income, for each particular taxation year of the insurer that ends after the beginning of the transition year, from that insurance business, the amount determined by the formula A is the amount included under subsection 12.5(2) in computing the insurer’s income for the transition year from that insurance business; and B is the number of days in the particular taxation year that are before the day that is 1825 days after the first day of the transition year. Ceasing to carry on business
(d) the capital cost of the property to the taxpayer otherwise determined, and Timing of deduction Impôt sur le revenu
If at any time an insurer ceases to carry on all or substantially all of an insurance business (referred to in this subsection as the “discontinued business”), and none of subsections 12.5(4) to (6) apply, there shall be deducted in computing the insurer’s income from the discontinued business for the insurer’s taxation year that includes the time that is immediately before that time, the amount determined by the formula A is any amount included under subsection 12.5(2) in computing the insurer’s income from the discontinued business for its transition year; and B is the total of all amounts each of which is an amount deducted under subsection (3) in computing the insurer’s income from the discontinued business for a taxation year that began before that time. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2009, c. 2, s. 8.
(a) in computing the taxpayer’s income for the year and for such of the 3 immediately preceding taxation years as the taxpayer had, paragraphs 20(1)(c), 20(1)(d), 20(1)(e) and 20(1)(e.1) do not apply to the amount or to the part of the amount specified in the taxpayer’s election that, but for an election under this subsection in respect thereof, would be deductible in computing the taxpayer’s income (other than exempt income) for any such year in respect of borrowed money used to acquire the depreciable property or the amount payable for the depreciable property; and (b) the amount or the part of the amount, as the case may be, described in paragraph 21(1)(a) shall be added to the capital cost to the taxpayer of the depreciable property so acquired by the taxpayer. Borrowed money used for exploration or development
Where in a taxation year a taxpayer has used borrowed money for the purpose of exploration, development or the acquisition of property and the expenses incurred by the taxpayer in respect of those activities are Canadian exploration and development expenses, Canadian exploration expenses, Canadian development expenses, Canadian oil and gas property expenses, foreign resource expenses in respect of a country, or foreign exploration and development expenses, as the case may be, and if the taxpayer so elects under this subsection in the taxpayer’s return of income for the year, (a) in computing the taxpayer’s income for the year and for such of the three immediately preceding taxation years as the taxpayer had, paragraphs 20(1)(c), (d), (e) and (e.1) do not apply to the amount or to the part of the amount specified in the taxpayer’s election that, but for that election, would be deductible in computing the taxpayer’s income (other than exempt income or income that is exempt from tax under this Part) for any such year in respect of the borrowed money used for the exploration, development or acquisition of property, as the case may be; and (b) the amount or the part of the amount, as the case may be, described in paragraph (a) is deemed to be Canadian exploration and development expenses, Canadian exploration expenses, Canadian development expenses, Canadian oil and gas property expenses, foreign resource expenses in respect of a country, or foreign exploration and development expenses, as the case may be, incurred by the taxpayer in the year. Borrowing for depreciable property
In computing the income of a taxpayer for a particular taxation year, where the taxpayer SUBDIVISION B Income or Loss from a Business or Property (i) made an election under subsection 21(1) in respect of borrowed money used to acquire depreciable property or an amount payable for depreciable property acquired by the taxpayer, or (ii) was, by virtue of subsection 18(3.1), required to include an amount in respect of the construction of a depreciable property in computing the capital cost to the taxpayer of the depreciable property, (b) in each taxation year, if any, after that preceding taxation year and before the particular year, made an election under this subsection covering the total amount that, but for an election under this subsection in respect thereof, would have been deductible in computing the taxpayer’s income (other than exempt income) for each such year in respect of the borrowed money used to acquire the depreciable property or the amount payable for the depreciable property acquired by the taxpayer, if an election under this subsection is made in the taxpayer’s return of income under this Part for the particular year, paragraphs 20(1)(c), 20(1)(d), 20(1)(e) and 20(1)(e.1) do not apply to the amount or to the part of the amount specified in the election that, but for an election under this subsection in respect thereof, would be deductible in computing the taxpayer’s income (other than exempt income) for the particular year in respect of the borrowed money used to acquire the depreciable property or the amount payable for the depreciable property acquired by the taxpayer, and the amount or part of the amount, as the case may be, shall be added to the capital cost to the taxpayer of the depreciable property. Borrowing for exploration, etc.
Toutefois, le montant choisi ne peut en aucun cas dépasser le moindre des montants suivants : c) le montant ainsi reçu par le contribuable; d) le coût en capital du bien pour le contribuable, calculé par ailleurs; e) zéro, si le contribuable a disposé du bien avant l’année. Coût en capital réputé (7.41) Le paragraphe (38) s’applique relativement à un montant remboursé après 2016 comme s’il était remboursé immédiatement avant 2017, si les énoncés ci-après se vérifient : a) le montant est remboursé par le contribuable en exécution d’une obligation légale de rembourser tout ou partie d’un montant que le contribuable a reçu ou est en droit de recevoir et qui est une aide d’un gouvernement, d’une municipalité ou d’une autre autorité publique (sous forme de subvention, prêt à remboursement conditionnel, de déduction de l’impôt ou d’allocation de placement ou autre forme) relativement à l’acquisition de biens ou dont le coût constitue une dépense en capital admissible pour lui relativement à une entreprise ou en vue d’acquérir de tels biens; b) le montant d’une dépense en capital admissible du contribuable relativement à l’entreprise est réduit en application de l’alinéa 14(10)c) en raison de l’aide mentionnée à l’alinéa a); c) l’alinéa 20(1)hh.1) ne s’applique pas relativement au montant remboursé. Moment de la déduction (7.42) Aucun montant ne peut être déduit en application de l’alinéa 20(1)a) relativement à un montant d’aide remboursé visé au paragraphe (7.41) pour une année d’imposition antérieure à l’année d’imposition au cours de laquelle le montant d’aide est remboursé. Coût en capital présumé (7.5) Les présomptions suivantes s’appliquent dans le cadre de la présente loi : a) lorsqu’un contribuable, en vue d’acquérir un bien visé par règlement quant à lui, est tenu, selon les modalités d’une convention conclue après le 6 mars 1996, (b) where A × B/C where d’effectuer un paiement à Sa Majesté du chef du Canada ou d’une province ou à une municipalité canadienne relativement aux coûts engagés ou à engager par le bénéficiaire du paiement : (i) le contribuable est réputé avoir acquis le bien à un coût en capital égal à la fraction du paiement qu’il est raisonnable de considérer comme se rapportant à ces coûts, (ii) le bien est réputé avoir été acquis par le contribuable au moment du paiement ou, s’il est postérieur, au moment où ces coûts sont engagés; b) lorsque les conditions suivantes sont réunies, un contribuable est réputé avoir acquis un bien visé par règlement, à un moment postérieur au 6 mars 1996, à un coût en capital égal au coût visé au sous-alinéa (i) : (i) le contribuable engage, à ce moment, un coût à titre de capital relativement au bien, pour sa construction ou pour le droit de l’utiliser, (ii) le montant du coût ne serait pas inclus dans le coût en capital, pour le contribuable, d’un bien amortissable d’une catégorie prescrite si le présent alinéa ne s’appliquait pas; c) lorsqu’un contribuable acquiert un bien intangible ou, pour l’application du droit civil, un bien incorporel du fait qu’il a effectué un paiement auquel s’applique l’alinéa a) ou engagé un coût auquel s’applique l’alinéa b) : (i) le bien visé aux alinéas a) ou b) est réputé comprendre le bien intangible ou incorporel, (ii) la fraction du coût en capital visée aux alinéas a) ou b) qui se rapporte au bien intangible ou incorporel est réputée être égale au résultat du calcul suivant : A × B/C où : A représente le montant du paiement effectué ou du coût engagé ou, si elle est inférieure, la valeur de l’élément C, B la juste valeur marchande du bien intangible ou incorporel au moment où le paiement a été effectué ou le coût, engagé, C la juste valeur marchande, au moment où le paiement a été effectué ou le coût engagé, de l’ensemble des biens intangibles ou incorporels acquis du fait que le paiement a été effectué ou le coût, engagé; Meaning of gaining or producing income d) le bien qui est réputé par les alinéas a) ou b) avoir été acquis par un contribuable du fait qu’un paiement a été effectué ou un coût, engagé est réputé : (i) avoir été acquis aux fins auxquelles le paiement a été effectué ou le coût, engagé, (ii) appartenir au contribuable à tout moment postérieur où il en tire profit. Dépenses en capital — catégories 59 et 60 (7.6) Si un contribuable a engagé une dépense en capital, et que le montant de la dépense aurait été inclus dans la fraction non amortie du coût en capital des biens inclus dans les catégories 59 ou 60 de l’annexe II du Règlement de l’impôt sur le revenu du contribuable si ce dernier avait acquis un bien au titre de la dépense, il est réputé avoir acquis un bien, inclus dans les catégories 59 ou 60, selon le cas, à un coût égal au montant de la dépense au moment où celle-ci est engagée. Disposition après cessation de l’exploitation
In computing the income of a taxpayer for a particular taxation year, where the taxpayer (a) in any preceding taxation year made an election under subsection 21(2) in respect of borrowed money used for the purpose of exploration, development or acquisition of property, (b) in each taxation year, if any, after that preceding taxation year and before the particular year, made an election under this subsection covering the total amount that, but for that election, would have been deductible in computing the taxpayer’s income (other than exempt income or income that is exempt from tax under this Part) for each such year in respect of the borrowed money used for the exploration, development or acquisition of property, as the case may be, and (c) so elects in the taxpayer’s return of income for the particular year, the following rules apply: (d) paragraphs 20(1)(c), (d), (e) and (e.1) do not apply to the amount or to the part of the amount specified in the election that, but for the election, would be deductible in computing the taxpayer’s income (other than exempt income or income that is exempt from tax under this Part) for the particular year in respect of the borrowed money used for the exploration, development or acquisition of property, and (e) the amount or part of the amount, as the case may be, is deemed to be Canadian exploration and development expenses, Canadian exploration expenses, Canadian development expenses, Canadian oil and gas property expenses, foreign resource expenses in respect of a country, or foreign exploration and development expenses, as the case may be, incurred by the taxpayer in the particular year. Reassessments
Lorsqu’un contribuable, après avoir cessé d’exploiter une entreprise, dispose d’un bien amortissable d’une catégorie prescrite qu’il avait acquis en vue de tirer un revenu de l’entreprise et qu’il n’a pas utilisé à une fin autre, pour l’application des paragraphes (1) et (2), la mention de l’année d’imposition et de l’année aux paragraphes (1) et (2) ne vaut pas, malgré les paragraphes (3) et 11(2), mention de l’exercice. Sens de tirer un revenu
Notwithstanding any other provision of this Act, where a taxpayer has made an election in accordance with the provisions of subsection 21(1) or 21(2), such reassessments of tax, interest or penalties shall be made as are necessary to give effect thereto. Ceasing to carry on business
Pour l’application des alinéas (7)a) à d) à un contribuable non-résident, la mention de tirer un revenu vaut mention, en ce qui concerne une entreprise, de tirer un revenu d’une entreprise exploitée entièrement au Canada ou de toute partie d’une entreprise exploitée entièrement au Canada ». Coût en capital présumé de certains biens
(a) there may be deducted in computing the vendor’s income for the taxation year an amount equal to the difference between the face value of the debts so sold (other than debts in respect of which the vendor has made deductions under paragraph 20(1)(p)), and the consideration paid by the purchaser to the vendor for the debts so sold; (b) an amount equal to the difference described in paragraph 22(1)(a) shall be included in computing the purchaser’s income for the taxation year; (c) the debts so sold shall be deemed, for the purposes of paragraphs 20(1)(l) and 20(1)(p), to have been included in computing the purchaser’s income for the taxation year or a previous year but no deduction may be made by the purchaser under paragraph 20(1)(p) in respect of a debt in respect of which the vendor has previously made a deduction; and (d) each amount deducted by the vendor in computing income for a previous year under paragraph 20(1)(p) in respect of any of the debts so sold shall be deemed, for the purpose of paragraph 12(1)(i), to have been so deducted by the purchaser. Statement by vendor and purchaser
Pour l’application de la présente loi, le contribuable qui, après le 3 décembre 1970 et avant le 1er avril 1972, a acquis des biens visés par règlement est réputé les avoir acquis à un coût en capital égal à 115 % du montant qui, sans le présent paragraphe et l’article 21, aurait été pour Application of para. 20(1)(cc) (a) for the year, or Conversion cost lui le coût en capital de ces biens si les conditions suivantes sont remplies : a) il a acquis les biens pour les utiliser dans une entreprise, visée par règlement, de fabrication ou de transformation exploitée par lui; b) les biens n’ont pas été utilisés dans quelque but que ce soit avant qu’il les acquière. Déduction relative à un bien utilisé dans l’accomplissement des fonctions
An election executed for the purposes of subsection 22(1) shall contain a statement by the vendor and the purchaser jointly as to the consideration paid for the debts sold by the vendor to the purchaser and that statement shall, subject to subsection 69(1), as against the Minister, be binding on the vendor and the purchaser in so far as it may be relevant in respect of any matter arising under this Act. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1970-71-72, c. 63, s. 1 "22"; 1974-75-76, c. 26, s. 10.
Un montant déduit en application des sous-alinéas 8(1)(j)(ii) ou p)(ii) de la présente loi ou du paragraphe 11(11) de la Loi de l’impôt sur le revenu, chapitre 52 des Statuts du Canada de 1948, est réputé, pour l’application du présent article, déduit selon les dispositions réglementaires prises en application de l’alinéa 20(1)a). Application de l’al. 20(1)(cc)
Reference to property in inventory
Lorsque, dans le calcul du revenu d’un contribuable pour une année d’imposition, une somme a été déduite en vertu de l’alinéa 20(1)(cc) ou que le contribuable a fait le choix prévu au paragraphe 20(9) de faire une déduction à l’égard d’une somme qui aurait été autrement déductible en vertu de cet alinéa, la somme est réputée, si elle était un paiement à valoir sur le coût en capital de biens amortissables, avoir été allouée au contribuable à l’égard des biens selon les dispositions réglementaires prises en vertu de l’alinéa 20(1)a) dans le calcul du revenu du contribuable pour la dernière en date des années suivantes : a) l’année d’imposition en question; b) l’année au cours de laquelle les biens ont été acquis. Déduction faite en vertu de la Loi aidant à la construction de navires au Canada
A reference in this section to property that was included in the inventory of a business shall be deemed to include a reference to property that would have been so SUBDIVISION B Income or Loss from a Business or Property Business carried on by spouse or common-law partner or controlled corporation
Lorsqu’une déduction a été faite, au titre d’une année d’imposition quelconque, en vertu de la Loi aidant à la construction de navires au Canada, le paragraphe 13(1) s’applique à la catégorie prescrite créée par cette loi ou à toute autre catégorie prescrite à laquelle le navire peut avoir été transféré. Frais de conversion
If, at any time, an individual ceases to carry on a business and the individual’s spouse or common-law partner, or a corporation controlled directly or indirectly in any manner whatever by the individual, carries on the business and acquires all of the property included in Class 14.1 of Schedule II to the Income Tax Regulations in respect of the business owned by the individual immediately before that time and that had value at that time, the following rules apply: (a) the individual is deemed to have, immediately before the time, disposed of the property and received proceeds of disposition equal to the lesser of the capital cost and the cost amount to the individual of the property immediately before the disposition; (b) the spouse, common-law partner or corporation, as the case may be, is deemed to have acquired the property at a cost equal to those proceeds; and (c) if the amount that was the capital cost to the individual of the property exceeds the amount determined under paragraph 70(5)(b) to be the cost to the person that acquired the property, for the purposes of sections 13 and 20 and any regulations made for the purpose of paragraph 20(1)(a), (i) the capital cost to the person of the property is deemed to be the amount that was the capital cost to the individual of the property, and (ii) the excess is deemed to have been allowed to the person in respect of the property under regulations made for the purposes of paragraph 20(1)(a) in computing income for taxation years that ended before the person acquired the property. Fiscal period of business disposed of by individual
Pour l’application du présent article, de l’article 20 et des dispositions réglementaires prises en vertu de l’alinéa 20(1)a), tout navire pour lequel des frais de conversion ont été engagés après le 23 mars 1967 est, jusqu’à concurrence des frais de conversion, réputé inclus dans une catégorie prescrite distincte. Income Tax PART I Income Tax DIVISION B Computation of Income
Where s. (1) and Subdivision C do not apply (a) subsection 13(1) and Subdivision C do not apply to the proceeds of disposition Ascertainment of certain property Disposition of deposit Idem (a) to acquire a vessel described in paragraphs 13(19)(a) and 13(19)(b), or Definitions conversion cost, in respect of a vessel, means the cost of a conversion; (frais de conversion) disposition of property [Repealed, 2001, c. 17, s. 6] auquel s’applique le British Commonwealth Merchant Shipping Agreement, le ministre compétent peut rembourser au contribuable le dépôt, ou toute partie de ce dépôt non versée au contribuable en vertu du paragraphe (19), selon le cas. En pareille circonstance, il faut ajouter, dans le calcul du revenu du contribuable pour l’année d’imposition au cours de laquelle il a été disposé du navire, le produit de la multiplication de la somme qui aurait été incluse dans le calcul de son revenu pour l’année en vertu de la présente partie si le dépôt n’avait pas été fait en vertu du sous-alinéa (15)a)(ii) par le rapport entre la partie du produit de disposition qui n’a pas été ainsi employée avant 1975 pour le remplacement et le produit de disposition. Malgré les autres dispositions de la présente loi, à l’égard de l’impôt, de l’intérêt ou des pénalités, une nouvelle cotisation alors établie, au besoin, pour l’application du présent paragraphe. Définitions
An election under subsection 25(1) is not valid unless the individual, at the time when the fiscal period of the business would, if the election were valid, be deemed to have ended, is resident in Canada.
Les définitions qui suivent s’appliquent au présent article. amortissement total S’agissant de l’amortissement total accordé à un contribuable en un moment donné pour les biens d’une catégorie prescrite, le total des montants chacun représente une déduction pour amortissement prise par le contribuable en application de l’alinéa 20(1)a) pour les biens de cette catégorie ou un montant déduit en application du paragraphe 20(16) — ou qui serait ainsi déduit sans le paragraphe 20(16.1) — dans le calcul du revenu du contribuable pour les années d’imposition se terminant avant ce moment. (total depreciation) avoir forestier a) Droit ou permis de couper ou de retirer du bois sur une concession ou un territoire du Canada (appelé « droit initial » à la présente définition) si : (i) d’une part, le contribuable a acquis ce droit initial (mais non de la manière visée à l’alinéa b)) après le 6 mai 1974, (ii) d’autre part, au moment de l’acquisition du droit initial : (A) soit il est raisonnable de considérer que le contribuable a acquis, directement ou indirectement, le droit à la prolongation ou au renouvellement de ce droit initial ou le droit initial d’un autre droit ou permis de ce genre pour le remplacer, (h) any amount included because of section 79 in computing a taxpayer’s proceeds of disposition of the property; (produit de disposition) (B) soit dans le cours ordinaire des choses, le contribuable peut raisonnablement s’attendre de pouvoir obtenir la prolongation ou le renouvellement de ce droit initial ou de pouvoir acquérir un autre droit ou permis de ce genre pour le remplacer; b) droit ou permis de couper ou de retirer du bois sur une concession ou un territoire du Canada dont le contribuable est propriétaire s’il est raisonnable de considérer ce droit ou ce permis : (i) soit comme une prolongation ou un renouvellement d’un droit initial ou comme l’une de plusieurs prolongations ou l’un de plusieurs renouvellements d’un tel droit du contribuable, (ii) soit comme ayant été acquis en remplacement d’un droit initial du contribuable ou en remplacement d’un renouvellement ou d’une prolongation de celui-ci ou lors de l’une de plusieurs remplacements d’un tel droit, ou d’un renouvellement ou d’une prolongation d’un tel droit. (timber resource property) bien amortissable À un moment donné d’une année d’imposition, bien d’un contribuable acquis pour l’une ou l’autre des raisons suivantes et pour lequel il obtient une déduction, en vertu de l’alinéa 20(1)a), dans le calcul de son revenu pour cette année ou pour une année d’imposition antérieure ou pour lequel il aurait droit à une telle déduction comme en tout ou en partie (2d) et s’il était propriétaire du bien à la fin de l’année. (depreciable property) conversion En ce qui concerne un navire, transformation importante ou conversion effectuée au Canada par un contribuable. (conversion) disposition de biens [Abrogé, 2001, ch. 17, art. 6] fraction non amortie du coût en capital S’agissant de la fraction non amortie du coût en capital existant à un moment donné pour un contribuable, relativement à des biens amortissables d’une catégorie prescrite, elle est calculée selon la formule suivante : (A + B + C + D + D.1) - (E + E.1 + F + G + H + I + J + K) où : A représente le total des sommes dont chacune est le coût en capital que le contribuable a supporté pour chaque bien amortissable de cette catégorie acquis avant ce moment; B le total des sommes incluses en vertu du présent article dans le revenu du contribuable pour une année d’imposition antérieure à ce moment, si ces sommes (A + B + C + D + D.1) - (E + E.1 + F + G + H + I + J + K) where 116 Imposé sur le revenu
If subsection (1) applies in respect of a fiscal period of a business of an individual, for the purpose of computing the individual’s income for the fiscal period, section 13 is to be read without reference to this subsection (8).
(a) the total of the specific provisions of the bank, as determined, or as would be determined if such a determination were required, under the Minister’s rules, as at the end of its immediately preceding taxation year, (b) the total of the general provisions of the bank, as determined, or as would be determined if such a determination were required, under the Minister’s rules, as at the end of its immediately preceding taxation year, (c) the amount, if any, by which (i) the amount of the special provision for losses on trans-border claims of the bank, as determined, or as would be determined if such a determination were required, under the Minister’s rules, that was deductible by the bank under subsection 26(2) in computing its income for its immediately preceding taxation year (ii) that part of the amount determined under subparagraph 26(1)(c)(i) that was a realized loss of the bank for that immediately preceding taxation year, and (d) the amount, if any, of the tax allowable appropriations account of the bank, as determined, or as would be determined if such a determination were required, under the Minister’s rules, at the end of its immediately preceding taxation year. Banks — deductions from income
In computing the income for a taxation year of a bank, there may be deducted an amount not exceeding the total of (a) that part of the total of the amounts of the five-year average loan loss experiences of the bank, as determined, or as would be determined if such a determination were required, under the Minister’s rules, for all taxation years before its first taxation year that commences after June 17, 1987 and ends after 1987 that is specified by the bank for the year and was not deducted by the bank in computing its income for any preceding taxation year, (b) that part of the total of the amounts transferred by the bank to its tax allowable appropriations account, as permitted under the Minister’s rules, for all taxation years before its first taxation year that commences after June 17, 1987 and ends after 1987 that is specified by the bank for the year and was not deducted by the bank in computing its income for any preceding taxation year, (c) that part of the amount, if any, by which (i) the amount of the special provision for losses on trans-border claims, as determined, or as would be determined if such a determination were required, under the Minister’s rules, that was deductible by the bank under this subsection in computing its income for its last taxation year before its first taxation year that commences after June 17, 1987 and ends after 1987 (ii) that part of the amount determined under subparagraph 26(2)(c)(i) that was a realized loss of the bank for that last taxation year that is specified by the bank for the year and was not deducted by the bank in computing its income for any preceding taxation year, (d) where the tax allowable appropriations account of the bank at the end of its last taxation year before its first taxation year that commences after June 17, 1987 and ends after 1987, as determined, or as would be determined if such a determination were required, under the Minister’s rules, is a negative amount, that part of such amount expressed as a positive number that is specified by the bank for the year and was not deducted by the bank in computing its income for any preceding taxation year, and (e) that part of the total of the amounts calculated in respect of the bank for the purposes of the Minister’s rules, or that would be calculated for the purposes of those rules if such a calculation were required, under Appendix B of the Procedures for the Determination of the Provision for Loan Losses as set out in Appendix 1 of those rules, for all taxation years before its first taxation year that commences after June 17, 1987 and ends after 1987 that is specified by the bank for the year and was not deducted by the bank in computing its income for any preceding taxation year. Write-offs and recoveries
In computing the income of a bank, the following rules apply: (a) any amount that was recorded by the bank as a realized loss or a write-off of an asset that was included by the bank in the calculation of an amount deductible under the Minister’s rules, or would have been included in the calculation of such an amount if such a calculation had been required, for any taxation year before its first taxation year that commences after June 17, 1987 and ends after 1987, shall, for the purposes of paragraph 12(1)(i) and section 12.4, be deemed to have been deducted by the bank under paragraph 20(1)(p) in computing its income for the year for which it was so recorded; and (b) any amount that was recorded by the bank as a recovery of a realized loss or a write-off of an asset that was included by the bank in the calculation of an amount deductible under the Minister’s rules, or would have been included in the calculation of such an amount if such a calculation had been required, for any taxation year before its first taxation year that commences after June 17, 1987 and ends after 1987 shall, for the purposes of section 12.4, be deemed to have been included by the bank under paragraph 12(1)(i) in computing its income for the year for which it was so recorded.
sont relatives à des biens amortissables de cette catégorie; C le total des sommes dont chacune est la fraction d’une aide que le contribuable a remboursée en vertu d’une obligation de rembourser tout ou partie de cette aide en ce qui concerne un bien amortissable de cette catégorie après qu’il en a disposé et qui aurait été incluse dans une somme déterminée en vertu de l’alinéa (7.1)d) si le remboursement avait été effectué avant la disposition; D le total des montants dont chacun est un montant, remboursé relativement à un bien de la catégorie après la disposition de celui-ci par le contribuable, qui aurait été visé à l’alinéa (7.4)b) si le remboursement avait été fait avant la disposition;
For the purposes of this section, Minister’s rules means the Rules for the Determination of the Appropriations for Contingencies of a Bank issued under the authority of the Minister of Finance pursuant to section 308 of the Bank Act for the purposes of subsections (1) and (2) of this section. Application of Part I to Crown corporation
1 le total des sommes représentant chacun un montant payé par le contribuable avant ce moment au titre d’un droit comptable ou anti-comptable en vigueur ou proposé sur un bien amortissable de cette catégorie; E l’amortissement total accordé au contribuable relativement aux biens de cette catégorie avant ce moment, si, compte tenu du contribuable, il s’agit d’un montant déduit en vertu des paragraphes (22) ou (23), dans leur application à la dernière année d’imposition du contribuable ayant commencé avant novembre 2011; E.1 le total des montants représentant chacun un montant qui, par l’effet du paragraphe 80(5), est applicable, à ce moment ou antérieurement, en réduction de la fraction non amortie du coût en capital, pour le contribuable, d’un bien amortissable de cette catégorie (pour une raison autre que la réduction du coût en capital de biens amortissables pour le contribuable); F le total des sommes dont chacune est, pour une disposition, avant ce moment, de biens (sauf les avoirs forestiers) de cette catégorie dont le contribuable est propriétaire, la moins élevée des sommes suivantes : a) le produit de disposition des biens moins les dépenses engagées ou effectuées en vue de la disposition; b) le coût en capital que le contribuable a supporté pour les biens; G le total des sommes dont chacune est, pour une disposition, avant ce moment, d’un avoir forestier de cette catégorie dont le contribuable est propriétaire, le produit de disposition de cet avoir moins les dépenses engagées ou effectuées en vue de la disposition; À jour au 22 janvier 2025 Dernière modification le 1 janvier 2025 Income Tax PART I Income Tax DIVISION B Computation of Income
(a) any income or loss from a business carried on by the corporation as agent of Her Majesty, or from a property of Her Majesty administered by the corporation, were an income or loss of the corporation from the business or the property, as the case may be; and (b) any property, obligation or debt of any kind whatever held, administered, entered into or incurred by the corporation as agent of Her Majesty were a property, obligation or debt, as the case may be, of the corporation.
H la somme, lorsque le contribuable a acquis les biens de cette catégorie en vue de tirer un revenu d’une mine et qu’il fait un choix à l’égard de ces biens selon les modalités et dans le délai réglementaires, égale à la partie du revenu tiré de l’exploitation de la mine qui n’est pas, en vertu des Règles concernant l’application de l’impôt sur le revenu relatives au revenu tiré de l’exploitation de nouvelles mines, inclus dans le calcul du revenu du contribuable ou d’une autre personne; I le total des sommes dont chacune est une somme déduite en application des paragraphes 127(5) ou (6), 127.4(3), 127.45(6), 127.48(3) ou 127.49(6), au titre d’un bien amortissable de cette catégorie, dans le calcul de l’impôt payable par le contribuable pour une année d’imposition se terminant avant ce moment et après qu’il a disposé de ces biens; J le total des sommes dont chacune est une aide que le contribuable a reçue avant ce moment à titre de remboursement d’un montant ajouté à la fraction non amortie du coût en capital des biens amortissables de cette catégorie par l’effet de l’élément D.1 de la formule figurant à la présente définition. (undepreciated capital cost) frais de conversion Relativement à un navire, coût d’une conversion. (conversion cost) ministre compétent La Commission maritime canadienne, le ministre de l’Industrie et du Commerce, le ministre de l’Expansion industrielle régionale, le ministre de l’Industrie, des Sciences et de la Technologie, le ministre de l’Industrie ou tout autre ministre ou organisme autorisé par la loi à accomplir l’acte prévu à la disposition où le terme est employé au moment où cet acte est ou a été accompli. (appropriate minister) navire S’entend au sens de la Loi sur la marine marchande du Canada. (vessel) produit de disposition Le produit de disposition de biens comprend : a) le prix de vente de biens qui ont été vendus; b) les indemnités pour biens pris illégalement; Income Tax PART I Income Tax DIVISION B Computation of Income
Notwithstanding any other provision of this Act, a prescribed federal Crown corporation and any corporation controlled by such a corporation are each deemed not to be a private corporation and paragraphs 149(1)(d) to (d.4) do not apply to those corporations.
c) les indemnités afférentes à la destruction de biens et les sommes payables en vertu d’une police d’assurance du fait de la perte ou de la destruction de biens; d) les indemnités afférentes aux biens pris en vertu d’une loi ou le prix de vente des biens vendus à une personne ayant donné un avis de son intention de les prendre en vertu d’une loi; e) les indemnités afférentes aux biens ayant subi un préjudice, légalement ou illégalement, ou en vertu d’une loi ou de toute autre façon; f) les indemnités afférentes aux dommages causés aux biens et les sommes payables en vertu d’une police d’assurance au titre des dommages causés à des biens, sauf dans la mesure où elles sont raisonnables, selon le cas, ont, dans un délai raisonnable après que les dommages ont été subis, été dépensées pour la réparation des dommages; g) le montant de la réduction de la dette dont un contribuable est débiteur envers un créancier hypothécaire découlant de la perte d’un bien hypothéqué en vertu d’une clause du contrat d’hypothèque, plus la partie de la dette ainsi réduite qui est non recouvrable; h) les sommes incluses, par l’effet de l’article 79, dans le calcul du produit de disposition de biens pour un contribuable. (proceeds of disposition) Disposition d’un bâtiment (21.1) Malgré le paragraphe (7) et la définition de produit de disposition à l’article 54, dans les cas où, à un moment donné d’une année d’imposition, un contribuable dispose d’un bâtiment d’une catégorie prescrite pour un produit de disposition, déterminé compte non tenu du présent paragraphe ni du paragraphe (21.2), qui est inférieur à son coût indiqué, ou, si elle est moins élevée, à son coût en capital, pour lui immédiatement avant la disposition, les règles ci-après s’appliquent dans le cadre de l’alinéa a) de l’élément F de la formule figurant à la définition de fraction non amortie du coût en capital au paragraphe (21) et de la sous-section C : a) si, au cours de l’année, le contribuable ou une personne avec qui il a un lien de dépendance dispose du fonds de terre sous-jacent ou contigu au bâtiment et nécessaire à l’usage qui en est fait, le produit de disposition du bâtiment est réputé égal au moins élevé des montants suivants : (i) l’excédent éventuel du total visé à la division (A) sur le montant visé à la division (B): Income Tax PART I Income Tax DIVISION B Computation of Income
Where land of Her Majesty has been transferred to a prescribed federal Crown corporation for purposes of disposition, the acquisition of the property by the corporation and any disposition thereof shall be deemed to have been in the course of the business carried on by the corporation.
(ii) the greater of exceeds Impôt sur le revenu
If at any particular time a taxpayer that owns one emissions allowance, or two or more identical emissions allowances (for the purposes of this subsection two or SUBDIVISION B Income or Loss from a Business or Property more emissions allowances will be considered identical if they could be used to settle the same emissions obligations), acquires one or more other emissions allowances (in this subsection referred to as newly acquired emissions allowances), each of which is identical to each of the previously-acquired emissions allowances, for the purposes of computing, at any subsequent time, the cost of the taxpayer of each of the identical emissions allowances, (a) the taxpayer is deemed to have disposed of each of the previously-acquired emissions allowances immediately before the particular time for proceeds equal to its cost to the taxpayer immediately before the particular time; and (b) the taxpayer is deemed to have acquired each of the identical emissions allowances at the particular time at a cost equal to the amount determined by the formula A is the total cost to the taxpayer immediately before the particular time of the previously-acquired emissions allowances, B is the total cost to the taxpayer (determined without reference to this section) of the newly-acquired emissions allowances, and C is the number of the identical emissions allowances owned by the taxpayer immediately after the particular time. Expense restriction
Notwithstanding any other provision of this Act, in computing a taxpayer’s income from a business for a taxation year, the total amount deductible in respect of a particular emissions obligation for a taxation year shall not exceed the amount determined by the formula A is the total cost of emissions allowances either (a) used by the taxpayer to settle the particular emissions obligation in the year, or (b) held by the taxpayer at the end of the taxation year that can be used to satisfy the particular emissions obligation in respect of the year; B is the amount determined by the formula D is the number of emissions allowances required to satisfy the particular emissions obligation in respect of the taxation year, E is the number of emissions allowances used by the taxpayer to settle the particular emissions obligation in the year, and F is the number of emissions allowances held by the taxpayer at the end of the taxation year that can be used to satisfy the particular emissions obligation in respect of the year; and C is the fair market value of an emissions allowance at the end of the taxation year that could be used to satisfy the particular emissions obligation in respect of the year. Income inclusion in following year
There shall be included in computing the income of a taxpayer for a taxation year income from a business the amount deducted in respect of an emissions obligation referred to in subsection (3) for the immediately preceding taxation year to the extent that the emissions obligation was not settled in the immediately preceding taxation year.
(A) le total de la juste valeur marchande du bâtiment au moment donné et de la juste valeur marchande du fonds de terre immédiatement avant sa disposition, (B) la juste valeur marchande du fonds de terre immédiatement avant sa disposition ou, s’il est inférieur, l’excédent éventuel de son coût indiqué pour le vendeur (déterminé compte non tenu du présent paragraphe) sur le total des gains en capital (déterminés compte non tenu des sous-alinéas 40(1)a)(ii) et (iii)) provenant de dispositions de fonds de terre effectuées dans les trois ans précédant le moment donné par le contribuable ou par une personne avec laquelle il avait un lien de dépendance au vendeur du contribuable ou d’une autre personne avec qui il a un lien de dépendance, (ii) le plus élevé des montants suivants : (A) la juste valeur marchande du bâtiment au moment donné, (B) le coût indiqué du bâtiment, ou, s’il est inférieur, son coût en capital, pour le contribuable immédiatement avant sa disposition, malgré les autres dispositions de la présente loi, le produit de disposition du fonds de terre est réputé égal à l’excédent éventuel du total visé au sous-alinéa (iii) sur le montant visé au sous-alinéa (iv) : (iii) le total des produits de disposition du bâtiment et du fonds de terre, déterminés compte non tenu du présent paragraphe ni du paragraphe (21.2), (iv) le produit de disposition du bâtiment déterminé selon le présent alinéa; par ailleurs, le coût du fonds de terre pour l’acheteur est déterminé compte non tenu du présent paragraphe; b) lorsque l’alinéa a) ne s’applique pas à la disposition et que, à un moment donné avant celle-ci, le contribuable ou une personne avec laquelle il avait un lien de dépendance était propriétaire du fonds de terre sous-jacent ou contigu au bâtiment et nécessaire à l’usage qui en est fait, le produit de disposition du bâtiment est réputé égal au total des montants suivants : (i) le produit de disposition du bâtiment, déterminé compte non tenu du présent paragraphe ni du paragraphe (21.2), (21.2) Where (b) the lesser of (d) sections 85 and 97 do not apply to the disposition, les règles suivantes s’appliquent : d) les articles 85 et 97 ne s’appliquent pas à la disposition; e) pour l’application du présent article, de l’article 20 et des dispositions réglementaires prises pour l’application de l’alinéa 20(1)a) au cédant pour les années d’imposition qui se terminent après le moment de la disposition : (i) le cédant est réputé avoir disposé du bien transféré pour un produit égal au moins élevé des montants déterminés selon les sous-alinéas b)(i) et (ii) relativement au bien transféré, (ii) dans le cas où il est disposé simultanément de plusieurs biens d’une catégorie prescrite du cédant, le sous-alinéa (i) s’applique comme si chacun de ces biens avait fait l’objet d’une disposition distincte dans l’ordre indiqué par le cédant ou, à défaut d’une indication, dans l’ordre indiqué par le ministre, (iii) le cédant est réputé être propriétaire d’un bien qui fait partie de la catégorie donnée et qui a été acquis avant le début de l’année d’imposition qui comprend le moment de la disposition à un coût en capital égal à l’excédent visé à l’alinéa b), jusqu’au moment immédiatement avant le premier des moments suivants qui est postérieur à la disposition : (A) le début d’une période de 30 jours tout au long de laquelle ni le cédant, ni une personne affiliée à celui-ci n’est propriétaire du bien transféré ou n’a le droit de l’acquérir, sauf s’il s’agit d’un droit servant de garantie seulement et découlant d’une hypothèque, d’une convention de vente ou d’un titre semblable, (B) le moment auquel le bien transféré n’est pas utilisé par le cédant ou par une personne affiliée à celui-ci pour gagner un revenu, mais est utilisé à une autre fin, (C) le moment auquel le cédant serait réputé, par l’article 128.1 ou le paragraphe 149(10), avoir disposé du bien transféré s’il en était propriétaire, (D) le moment immédiatement avant le moment où le cédant est assujetti à un fait lié à la restriction de pertes, (E) si le cédant est une société : (ll) pour ce qui est du calcul de son revenu étranger accumulé, libre de biens, de son surplus exonéré ou déficit exonéré et de son surplus imposable ou déficit imposable, relativement à un contribuable pour une année d'imposition du cédant, dans le cas où celui-ci est une société étrangère affiliée du contribuable, le moment auquel la liquidation et dissolution du cédant commence, sauf s'il s'agit d'une liquidation et dissolution, selon le cas : 1 est une liquidation et dissolution admissibles, au sens du paragraphe 88(3.1), du cédant, 2 est une liquidation et dissolution désignées, au sens du paragraphe 95(1), du cédant, (ll) pour toute autre fin, le moment auquel la liquidation du cédant commence, sauf s'il s'agit d'une liquidation à laquelle s'applique le paragraphe 88(1), (iv) le bien visé au sous-alinéa (iii) est considéré comme devenu prêt à être mis en service par le cédant au moment auquel le bien transféré est considéré comme devenu prêt à être mis en service par le propriétaire successif, (f) pour l'application des sous-alinéas (e)(iii) et (iv), la société de personnes qui cesse d'exister autrement est réputée ne cesser d'exister qu'au moment immédiatement après le premier en date des moments visés aux divisions (e)(iii)(A) à (E), et chaque personne qui en était un associé immédiatement avant le moment où elle aurait cessé d'exister, n'eût été le présent alinéa, est réputée le demeurer jusqu'à ce moment, (g) pour l'application du présent article, de l'article 20 et des dispositions réglementaires prises pour l'application de l'alinéa 20(1)a) au propriétaire successif : (i) le coût en capital du bien transféré pour le propriétaire successif est réputé égal au montant qui représentait le coût en capital de ce bien pour le cédant, (ii) l'excédent du coût en capital du bien transféré pour le cédant sur sa juste valeur marchande au moment de la disposition est réputé avoir été déduit en application de l'alinéa 20(1)a) par le propriétaire successif, relativement aux biens de la catégorie en question, dans le calcul du revenu pour Income Tax PART I Income Tax DIVISION B Computation of Income
If a taxpayer surrenders an emissions allowance to settle an emissions obligation, the taxpayer’s proceeds from the disposition of the emissions allowance are deemed to be equal to the taxpayer’s cost of the emissions allowance. Loss restriction event
Notwithstanding subsection (1), each emissions allowance held at the end of the taxpayer’s taxation year that ends immediately before the time at which the taxpayer is subject to a loss restriction event is to be valued at the cost at which the taxpayer acquired the property, or its fair market value at the end of the year, whichever is lower, and after that time the cost at which the taxpayer acquired the property is, subject to a subsequent application of this subsection and subsection (2), deemed to be that lower amount. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2016, c. 12, s. 10. Farming or fishing business
to (23.1) [Repealed, 2013, c. 34, s. 175] Affiliation — subsection (24) Impôt sur le revenu
SUBDIVISION B Income or Loss from a Business or Property method”) whereby the income therefrom for that year shall be deemed to be an amount equal to the total of (a) all amounts that (i) were received in the year, or are deemed by this Act to have been received in the year, in the course of carrying on the business, and (ii) were in payment of or on account of an amount that would, if the income from the business were not computed in accordance with the cash method, be included in computing income from the business for that or any other year, (b) with respect to a farming business, such amount, if any, as is specified by the taxpayer in respect of the business in the taxpayer’s return of income under this Part for the year, not exceeding the amount, if any, by which (i) the fair market value at the end of the year of inventory owned by the taxpayer in connection with the business at that time (ii) the amount determined under paragraph 28(1)(c) for the year, (c) with respect to a farming business, the amount, if any, that is the lesser of (i) the taxpayer’s loss from the business for the year computed without reference to this paragraph and to paragraph 28(1)(b), and (ii) the value of inventory purchased by the taxpayer that was owned by the taxpayer in connection with the business at the end of the year, and (d) the total of all amounts each of which is an amount included in computing the taxpayer’s income for the year from the business because of subsection 13(1), 80(13) or 80.3(3) or (5), minus the total of (e) all amounts, other than amounts described in section 30, that (i) were paid in the year, or are deemed by this Act to have been paid in the year, in the course of carrying on the business, (ii) in the case of amounts paid, or deemed by this Act to have been paid, for inventory, were in payment of or on account of an amount that would be deductible in computing the income from the business for the year or any other taxation year if that income were not computed in accordance with the cash method, and (iii) in any other case, were in payment of or on account of an amount that would be deductible in computing the income from the business for a preceding taxation year, the year or the following taxation year if that income were not computed in accordance with the cash method, (e.1) all amounts, other than amounts described in section 30, that (i) would be deductible in computing the income from the business for the year if that income were not computed in accordance with the cash method, (ii) are not deductible in computing the income from the business for any other taxation year, and (iii) were paid in a preceding taxation year in the course of carrying on the business, (f) the total of all amounts each of which is the amount, if any, included under paragraph 28(1)(b) or 28(1)(c) in computing the taxpayer’s income from the business for the immediately preceding taxation year, and (g) the total of all amounts each of which is an amount deducted for the year under paragraph 20(1)(a) or (uu), subsection 20(6), section 30 or subsection 80.3(2) or (4) in respect of the business, except that paragraphs 28(1)(b) and 28(1)(c) do not apply in computing the income of the taxpayer for the taxation year in which the taxpayer dies. (1.1) Where at any time, and in circumstances where paragraph 69(1)(a) or 69(1)(c) applies, a taxpayer acquires inventory that is owned by the taxpayer in connection with a farming business the income from which is computed in accordance with the cash method, for the purposes of this section an amount equal to the cost to the taxpayer of the inventory shall be deemed (a) to have been paid by the taxpayer at that time and in the course of carrying on that business, and (b) to be the only amount so paid for the inventory by the taxpayer, and the taxpayer shall be deemed to have purchased the inventory at the time it was so acquired. (1.2) For the purpose of paragraph 28(1)(c) and notwithstanding section 10, inventory of a taxpayer shall be valued at any time at the lesser of the total amount paid by the taxpayer at or before that time to acquire it (in this section referred to as its “cash cost”) and its fair market value, except that an animal (in this section referred to as a “specified animal”) that is a horse or, where the taxpayer has so elected in respect thereof for the taxation year that includes that time or for any preceding taxation year, is a bovine animal registered under the Animal Pedigree Act, shall be valued (a) at any time in the taxation year in which it is acquired, at such amount as is designated by the taxpayer not exceeding its cash cost to the taxpayer and not less than 70% of its cash cost to the taxpayer; and (b) at any time in a subsequent taxation year, at such amount as is designated by the taxpayer not exceeding its cash cost to the taxpayer and not less than 70% of the total of (i) its value determined under this subsection at the end of the preceding taxation year, and (ii) the total amount paid on account of the purchase price of the animal during the year. (1.3) For each taxation year that is less than 51 weeks, the reference in subsection 28(1.2) to “70” shall be read as a reference to the number determined by the formula A is the number of days in the taxation year. Where joint farming or fishing business
Subsection 28(1) does not apply for the purpose of computing the income of a taxpayer for a taxation year from a farming or fishing business carried on by the taxpayer jointly with one or more other persons, unless each of the other persons by whom the business is jointly carried on has elected to have his or her income from the business for that year computed in accordance with the cash method. Concurrence of Minister
Where a taxpayer has filed a return of income under this Part for a taxation year wherein the taxpayer’s income for that year from a farming or fishing business has been computed in accordance with the cash method, income from the business for each subsequent taxation year shall, subject to the other provisions of this Part, be computed in accordance with that method unless the taxpayer, with the concurrence of the Minister and on such terms and conditions as are specified by the Minister, adopts some other method. Non-resident
Notwithstanding subsections 28(1) and 28(5), where at the end of a taxation year a taxpayer who carried on a business the income from which was computed in accordance with the cash method is non-resident and does not carry on that business in Canada, an amount equal to the total of all amounts each of which is the fair market value of an amount outstanding during the year or as at the end of a debt owing to the taxpayer that arose in the course of carrying on the business and that would have been included in computing the taxpayer’s income for the year if anything had been received by the taxpayer in the year in satisfaction of the debt and that was not otherwise included in computing the taxpayer’s income for the year or a preceding taxation year) be included in computing the taxpayer’s income from the business (a) for the year, if the taxpayer was non-resident throughout the year; and (b) for the part of the year throughout which the taxpayer was resident in Canada, if the taxpayer was resident in Canada at any time in the year. Accounts receivable
There shall be included in computing the income of a taxpayer for a taxation year such part of an amount received by the taxpayer in the year, on or after disposing of or ceasing to carry on a business or a part of a business, for, on account or in lieu of payment of, or in satisfaction of debts owing to the taxpayer that arose in the course of carrying on the business as would have been included in computing the income of the taxpayer for the year had the amount so received been received by the taxpayer in the course of carrying on the business.
à (23.1) [Abrogés, 2013, ch. 34, art. 175] Fait lié à la restriction de pertes
(a) there shall be deducted in computing the taxpayer’s basic herd of that class at the end of the year such number as is designated by the taxpayer in the taxpayer’s election, not exceeding the least of (i) the number of animals of that class so disposed of by the taxpayer in that year, (ii) 1/10 of the taxpayer’s basic herd of that class on December 31, 1971, and (iii) the taxpayer’s basic herd of that class of animal at the end of the immediately preceding taxation year; and (b) there shall be deducted in computing the taxpayer’s income from the farming business for the taxation year the product obtained when (i) the number determined under paragraph 29(1)(a) in respect of the taxpayer’s basic herd of that class for the year is multiplied by (ii) the quotient obtained when the fair market value on December 31, 1971 of the taxpayer’s animals of that class on that day is divided by the number of the taxpayer’s animals of that class on that day. Reduction in basic herd
Si un contribuable est assujetti à un fait lié à la restriction de pertes à un moment donné et que, dans la période de douze mois qui s’est terminée immédiatement avant ce moment, le contribuable, une société de personnes dont il est un associé détenant une participation majoritaire ou une fiducie dont il est un bénéficiaire détenant une participation majoritaire, au sens du paragraphe 251.1(3), a acquis un bien amortissable (sauf un bien qui était détenu par le contribuable, la société de personnes ou la fiducie, ou par une personne qui serait affiliée au contribuable si l’article 251.1 s’appliquait compte non tenu de la définition de contrôlé au paragraphe 251.1(3), tout au long de la période ayant commencé immédiatement avant le début de la période de douze mois et s’étant terminée au moment où le bien a été acquis par le contribuable, la société de personnes ou la fiducie) qui n’a pas été utilisé, ni acquis en vue de son utilisation, par le contribuable, la société de personnes ou la fiducie dans une entreprise qu’il ou elle exploitait immédiatement avant le début de la période de douze mois, les règles ci-après s’appliquent : a) sous réserve de l’alinéa b), pour l’application de l’élément A de la formule figurant à la définition de fraction non amortie du coût en capital, au paragraphe (21), et des articles 127, 127.1, 127.44, 127.45, 127.48 et 127.49, le bien est réputé : (i) ne pas avoir été acquis par le contribuable, la société de personnes ou la fiducie, selon le cas, avant le moment donné, (ii) avoir été acquis par lui ou elle, selon le cas, immédiatement après ce moment; b) dans le cas où le contribuable, la société de personnes ou la fiducie a disposé du bien avant le moment donné et ne l’a pas acquis de nouveau avant ce moment, le bien est réputé, pour l’application de l’élément A de la formule mentionnée à l’alinéa a), avoir été acquis par lui ou elle, selon le cas, immédiatement avant sa disposition. Affiliation — paragraphe (24)
Where a taxpayer carries on a farming business in a taxation year and the taxpayer’s basic herd of any class at the end of the immediately preceding year, minus the deduction, if any, required by paragraph 29(1)(a) to be made in computing the taxpayer’s basic herd of that class at the end of the year, exceeds the number of animals of that class owned by the taxpayer at the end of the year, (a) there shall be deducted in computing the taxpayer’s basic herd of that class at the end of the year the number of animals comprising the excess; and (b) there shall be deducted in computing the taxpayer's income from the farming business for the taxation year the product obtained when (i) the number of animals comprising the excess is multiplied by (ii) the quotient obtained when the fair market value on December 31, 1971 of the taxpayer's animals of that class on that day is divided by the number of the taxpayer's animals of that class on that day.
Pour l’application du paragraphe (24), si le contribuable visé à ce paragraphe a été constitué ou établi au cours de la période de douze mois mentionnée à ce paragraphe, les faits ci-après sont réputés, à son égard, tout au long de la période ayant commencé immédiatement avant la période de douze mois et s’étant terminée Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this section, (a) a taxpayer's basic herd of any class of animals at a particular time means such number of the animals of that class that the taxpayer had on hand at the end of his 1971 taxation year as were, for the purpose of assessing the taxpayer's tax under this Part for that year, accepted by the Minister, as a consequence of an application made by the taxpayer, to be capital properties and not to be stock-in-trade, minus the numbers, if any, required by virtue of this section to be deducted from the taxpayer's basic herd of that class at the end of taxation years of the taxpayer ending before the particular time; (b) class of animals means animals of a particular species, namely, cattle, horses, sheep or swine, that are (i) purebred animals of that species for which a certificate of registration has been issued by a person recognized by breeders in Canada of purebred animals of that species to be the registrar of the breed to which such animals belong, or issued by the Canadian Livestock Records Corporation, or (ii) animals of that species other than purebred animals described in subparagraph 29(3)(b)(i), each of which descriptions in subparagraphs 29(3)(b)(i) and 29(3)(b)(ii) shall be deemed to be of separate classes, except that where the number of the taxpayer's animals described in subparagraph 29(3)(b)(i) or 29(3)(b)(ii), as the case may be, of a particular species is not greater than 10% of the total number of the taxpayer's animals of that species that would otherwise be of two separate classes by virtue of this paragraph, the taxpayer's animals described in subparagraphs 29(3)(b)(i) and 29(3)(b)(ii) of that species shall be deemed to be of a single class; and (c) in determining the number of animals of any class on hand at any time, an animal shall not be included if it was acquired for a feeder operation, and an animal shall be included only if its actual age is not less than, (i) in the case of cattle, 2 years, (ii) in the case of horses, 3 years, and (iii) in the case of sheep or swine, one year, except that 2 animals of a class under the age specified in subparagraph 29(3)(c)(i), 29(3)(c)(ii) or 29(3)(c)(iii), as the case may be, shall be counted as one animal of the age so specified. Improving land for farming
Interpretation — available for use (d) the time the property Impôt sur le revenu
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1970-71-72, c. 63, s. 1 "30"; 1988, c. 55, s. 15. Restricted farm loss
(i) the amount by which the total of the taxpayer’s losses for the year, determined without reference to this section and before making any deduction under section 37, from all farming businesses carried on by the taxpayer exceeds the total of the taxpayer’s incomes for the year, so determined from all such businesses, and SUBDIVISION B Income or Loss from a Business or Property Sections 31-32 (A) 1/2 of the amount by which the amount determined under subparagraph 31(1)(a)(i) exceeds $2,500, and (B) $15,000, and (b) the amount, if any, by which (i) the amount that would be determined under subparagraph (a)(i) if it were read without reference to “and before making any deduction under section 37”, Restricted farm loss (1.1) For the purposes of this Act, a taxpayer’s “restricted farm loss” for a taxation year is the amount, if any, by which (a) the amount determined under subparagraph 31(1)(a)(i) in respect of the taxpayer for the year (b) the total of the amount determined under subparagraph 31(1)(a)(ii) in respect of the taxpayer for the year and all amounts each of which is an amount by which the taxpayer’s restricted farm loss for the year is required to be reduced because of section 80. Farming and manufacturing or processing
Subsection (1) does not apply to a taxpayer for a taxation year if the taxpayer’s chief source of income for the year is a combination of farming and manufacturing or processing in Canada of goods for sale and all or substantially all output from all farming businesses carried on by the taxpayer is used in the manufacturing or processing. NOTE: Application provisions are not included in the consolidated text; Insurance agents and brokers
Articles 31-32 SUBDIVISION B Income or Loss from a Business or Property (a) the total of all amounts each of which is that proportion of an amount that has been included in computing the taxpayer’s income for the year or a preceding taxation year as a commission in respect of an insurance contract (other than a life insurance contract) that (i) the number of days in the period provided for in the insurance contract that are after the end of the taxation year is of (ii) the number of days in that period, and (b) the total of all amounts each of which is the amount that would, but for this subsection, be deductible under paragraph 20(1)(m) for the year in respect of a commission referred to in paragraph 32(1)(a). Reserve to be included
immédiatement après sa constitution ou son établissement : a) il existait; b) il était affilié à chaque personne à laquelle il était affilié (autrement qu’à cause d’un droit visé à l’alinéa 251(5)b)) tout au long de la période ayant commencé au moment de sa constitution ou de son établissement et s’étant terminée immédiatement avant le moment où il a été assujetti à un fait lié à la restriction de pertes visé à ce paragraphe. Restriction de la déduction portant sur un bien prêt à être mis en service
There shall be included as income of a taxpayer for a taxation year from a business as an insurance agent or broker, the amount deducted under subsection 32(1) in computing the taxpayer’s income therefrom for the immediately preceding year. Additional reserve
Pour l’application de la définition de fraction non amortie du coût en capital au paragraphe (21) dans le cadre de l’alinéa 20(1)a) et des dispositions réglementaires prises pour l’application de cet alinéa, pour le calcul du revenu qu’un contribuable tire d’une entreprise ou d’un bien pour une année d’imposition, aucun montant n’est inclus dans le calcul de la fraction non amortie du coût en capital, pour le contribuable, d’un bien amortissable d’une catégorie prescrite au titre du coût en capital d’un bien de cette catégorie (sauf si ce bien est une production certifiée, au sens des dispositions réglementaires prises pour l’application de l’alinéa 20(1)a)) avant le moment où le bien est considéré comme devenu prêt à être mis en service par le contribuable. Bien prêt à être mis en service
In computing a taxpayer’s income for a taxation year ending after 1990 from a business carried on by the taxpayer throughout the year as an insurance agent or broker, there may be deducted as an additional reserve an amount not exceeding (b) where the year ends in 1992, 80%, (c) where the year ends in 1993, 70%, (e) where the year ends in 1995, 50%, (g) where the year ends in 1997, 30%, (h) where the year ends in 1998, 20%, (i) where the year ends in 1999, 10%, and (j) where the year ends after 1999, 0% of the amount, if any, by which SUBDIVISION b Income or Loss from a Business or Property (k) the reserve that was deducted by the taxpayer under subsection 32(1) for the taxpayer’s last taxation year ending before 1991 (l) the amount deductible by the taxpayer under subsection 32(1) for the taxpayer’s first taxation year ending after 1990, and any amount so deducted by the taxpayer for a taxation year shall be deemed for the purposes of subsection 32(2) to have been deducted for that year under subsection 32(1). Employee benefit plan deductions
Pour l’application du paragraphe (26) et sous réserve du paragraphe (29), le bien qu’un contribuable acquiert, à l’exception de tout ou partie d’un bâtiment, est considéré comme devenu prêt à être mis en service par lui au premier des moments suivants : a) le moment où le contribuable l’utilise pour la première fois pour gagner un revenu; b) le moment immédiatement après le début de la première année d’imposition du contribuable commençant à la fin de son année d’imposition au cours de laquelle il a acquis le bien; c) le moment immédiatement avant la disposition du bien par le contribuable; d) le moment où le bien, à la fois : (i) est livré au contribuable, ou à une personne ou une société de personnes qui l’utilisera au profit du contribuable, ou, si le bien ne se prête pas à la livraison, est mis à la disposition de l’un d’eux, (ii) peut, seul ou avec d’autres biens en possession, à ce moment, du contribuable ou de la personne ou société de personnes visée au sous-alinéa (i), être utilisé par le contribuable ou cette personne ou société de personnes, ou pour son compte, pour produire un produit ou fournir un service qui est vendable commercialement, y compris un produit ou un service utilisé ou consommé, à être utilisé ou consommé, par le contribuable ou cette personne ou société de personnes, ou pour son compte, dans le cadre de cette production ou de cette fourniture; e) dans le cas où le contribuable a acquis le bien pour la prévention, la réduction ou l’élimination de la pollution de l’air ou de l’eau causée par des activités qu’il exerce ou qui serait ainsi causée si le bien n’avait pas été acquis, le moment où le bien est installé et peut servir aux fins auxquelles il a été acquis; f) dans le cas où le bien est acquis par l’une des sociétés suivantes, la fin de l’année d’imposition pour laquelle une déduction pour amortissement est calculée en premier lieu dans le calcul des gains de la société, selon les principes comptables généralement reconnus et dans le cadre des états financiers pour l’année présentée à ses actionnaires; toutefois, dans le cas où l’amortissement est calculé en fonction d’une partie du coût du bien, cette partie est considérée comme devenue prête à être mise en service à la fin de l’année d’imposition mentionnée au présent alinéa: (i) une société dont une catégorie d’actions du capital-actions est cotée à une bourse de valeurs désignée, (ii) une société qui est une société publique par suite d’un choix fait conformément au sous-alinéa b)(i) de la définition de société publique au paragraphe 89(1) ou d’une désignation faite par le ministre conformément au sous-alinéa b)(ii) de cette définition, (iii) une filiale à cent pour cent de l’une de ces sociétés; g) dans le cas où le contribuable a acquis le bien dans le cadre de l’exploitation d’une entreprise agricole ou d’une entreprise de pêche, le moment où le bien est livré et peut servir aux fins auxquelles il a été acquis; h) dans le cas d’un véhicule à moteur, d’une remorque, d’un trolleybus, d’un aéronef ou d’un navire du contribuable, pour lequel une ou plusieurs autorisations — permis, attestations ou licences — établissent que le contribuable peut faire fonctionner le bien Idem Idem e) dans le cas d’un bien servant de remplacement, aux termes du paragraphe (4.1), à un ancien bien visé à l’alinéa (4)a) qui est acquis avant 1990 ou qui devient prêt à être mis en service au plus tard au moment de l’acquisition du bien de remplacement, le moment de cette acquisition. Pour l’application du présent paragraphe, la rénovation ou la transformation d’un bâtiment, ou l’adjonction à celui-ci, est considérée comme un bâtiment distinct. Conditions visant d’autres biens
(a) such portion of an amount allocated to the taxpayer for the year under subsection 32.1(2) by the custodian of the plan as does not exceed the amount, if any, by which (i) the total of all amounts each of which is a contribution by the taxpayer to the plan for the year or a preceding year exceeds the total of all amounts each of which is (ii) an amount in respect of the plan deducted by the taxpayer in computing the taxpayer’s income for a preceding year, or (iii) an amount received by the taxpayer in the year or a preceding year that was a return of amounts contributed by the taxpayer to the plan; and (b) where at the end of the year all of the obligations of the plan to the taxpayer’s employees and former employees have been satisfied and no property of the plan will thereafter be paid to or otherwise be available for the benefit of the taxpayer, the amount, if any, by which (i) the total of all amounts each of which is a contribution by the taxpayer to the plan for the year or a preceding year exceeds the total of all amounts each of which is (ii) an amount in respect of the plan deducted by the taxpayer in computing the taxpayer’s income for a preceding year, or, by virtue of paragraph 32.1(1)(a), for the year, or (iii) an amount received by the taxpayer in the year or a preceding year that was a return of amounts contributed by the taxpayer to the plan. Allocation
Pour l’application du paragraphe (26), lorsqu’un contribuable acquiert un bien, sauf un bâtiment qu’il utilise ou utilisera principalement en vue de gagner un revenu brut qui consiste en un loyer, soit au cours de sa première année d’imposition (« année donnée » au présent paragraphe) qui commence plus de 357 jours après la fin de son année d’imposition au cours de laquelle il a acquis, pour la première fois après 1989, un bien qui fait partie de l’un de ses projets, soit au cours d’une année d’imposition postérieure à l’année donnée, et que le bien, à la fin de l’une quelconque de ses années d’imposition (« année d’inclusion » au présent paragraphe) : a) peut raisonnablement être considéré comme faisant partie du projet; b) n’est pas devenu par ailleurs prêt à être mis en service, si le contribuable fait le choix selon le formulaire prescrit annexé à sa déclaration de revenu pour l’année donnée en vertu de la présente partie : a) le total des montants dont chacun représente le coût en capital, pour le contribuable, d’un bien amortissable, autre qu’un bâtiment que le contribuable utilise ou utilisera principalement en vue de gagner un revenu brut qui consiste en un loyer, que le contribuable acquiert après 1989 et avant la fin de sa dernière année d’imposition se terminant plus de 357 jours avant le début de l’année d’inclusion et qui n’est pas devenu prêt à être mis en service au plus tard à la fin de l’année d’inclusion, sauf si le bien est devenu prêt à être mis en service pour la première fois avant la fin de l’année d’inclusion en vertu du présent paragraphe ou des alinéas (27)b) ou (28)c); b) le total des montants dont chacun représente le coût en capital, pour le contribuable, d’un bien amortissable, autre que la partie donnée du bien, qui fait partie du projet dans la mesure où le bien est considéré, aux termes du présent paragraphe, comme Idem prêt à être mis en service avant la fin de l’année d’inclusion. Transfert de biens
Every custodian of an employee benefit plan shall each year allocate to persons who have made contributions to the plan in respect of their employees or former employees the amount, if any, by which the total of (a) all payments made in the year out of or under the plan to or for the benefit of their employees or former employees (other than the portion thereof that, by virtue of subparagraph 6(1)(g)(ii), is not required to be included in computing the income of a taxpayer), and (b) all payments made in the year out of or under the plan to the heirs or the legal representatives of their employees or former employees exceeds the income of the plan for the year. Income of employee benefit plan
Malgré les paragraphes (27) à (29) et pour l’application du paragraphe (26), le bien d’un contribuable est réputé devenir prêt à être mis en service par le contribuable au premier en date du moment de son acquisition par le contribuable et, le cas échéant, du moment fixé par règlement dans les cas où: a) d’une part, le bien a été acquis soit auprès d’une personne avec laquelle le contribuable avait un lien de dépendance, autrement qu’à cause d’un droit visé à l’alinéa 251(5)b), au moment de l’acquisition du bien par le contribuable, soit dans le cadre d’une réorganisation relativement à laquelle le paragraphe 55(2) ne s’applique pas, par l’effet de l’alinéa 55(3)b), au dividende qu’une société pourrait recevoir à l’occasion de la réorganisation; b) d’autre part, le bien est devenu prêt à être mis en service, avant le moment de son acquisition par le contribuable, par la personne auprès de qui il a été acquis, compte non tenu des alinéas (27)c) et (28)d). Idem
For the purposes of subsection 32.1(2), the income of an employee benefit plan for a year (a) in the case of a plan that is a trust, is the amount that would be its income for the year if section 104 were read without reference to subsections 104(4) to 104(24); and (b) in any other case, is the total of all amounts each of which is the amount, if any, by which a payment under the plan by the custodian thereof in the year exceeds (i) in the case of an annuity, that part of the payment determined in prescribed manner to have been a return of capital, and (ii) in any other case, that part of the payment that could, but for paragraph 6(1)(g), reasonably be regarded as being a payment of a capital nature. Additional Business Income (a) an individual (other than a graduated rate estate) carries on a business in a taxation year, (b) a fiscal period of the business begins in the year and ends after the end of the year (in this subsection referred to as the “particular period”), and (c) the individual has elected under subsection 249.1(4) in respect of the business and the election has not been revoked, there shall be included in computing the individual’s income for the year from the business, the amount determined by the formula A is the total of the individual’s income from the business for the fiscal periods of the business that end in the year, B is the lesser of (i) the total of all amounts each of which is an amount included in the value of A in respect of the business and that is deemed to be a taxable capital gain for the purpose of section 110.6, and (ii) the total of all amounts deducted under section 110.6 in computing the individual’s taxable income for the year, C is the number of days on which the individual carries on the business that are both in the year and in the particular period, and D is the number of days on which the individual carries on the business that are in fiscal periods of the business that end in the year. Additional income election (a) an individual (other than a graduated rate estate) begins carrying on a business in a taxation year and not later than the beginning of the first fiscal period of the business that begins in the year and ends after the end of the year (in this subsection referred to as the “particular period”), and (b) the individual has elected under subsection 249.1(4) in respect of the business and the election has not been revoked, there shall be included in computing the individual’s income for the year from the business, the lesser of (b) the individual has elected under subsection 249.1(4) in respect of the business and the election has not been revoked, there shall be included in computing the individual’s income for the year from the business the lesser of (c) the amount designated in the individual’s return of income for the year, and A is the individual’s income from the business for the particular period, B is the lesser of (i) the total of all amounts each of which is an amount included in the value of A in respect of the business and that is deemed to be a taxable capital gain for the purpose of section 110.6, and (ii) the total of all amounts deducted under section 110.6 in computing the individual’s taxable income for the taxation year that includes the end of the particular period, C is the number of days on which the individual carries on the business that are both in the year and in the particular period, and D is the number of days on which the individual carries on the business that are in the particular period.
Pour l’application des alinéas (27)b) et (28)c) et du paragraphe (29), le contribuable qui acquiert un bien auprès d’une personne est réputé l’avoir acquis au moment où la personne l’a acquis si, selon le cas: a) au moment où il a acquis le bien, il avait un lien de dépendance avec la personne, autrement qu’à cause d’un droit visé à l’alinéa 251(5)b); b) il a acquis le bien dans le cadre d’une réorganisation relativement à laquelle le paragraphe 55(2) ne s’applique pas, par l’effet de l’alinéa 55(3)b), au dividende qu’une société pourrait recevoir à l’occasion de la réorganisation. Bien de location
There shall be deducted in computing an individual’s income for a taxation year from a business the amount, if any, included under subsection 34.1(1) or 34.1(2) in computing the individual’s income for the preceding taxation year from the business. No additional income inclusion
Dans le cas où un contribuable loue un bien qui est un bien amortissable d’une personne avec laquelle il a un lien de dépendance, l’excédent du total des montants exceeds Goodwill Income Tax PART I Income Tax DIVISION B Computation of Income
Subsections 34.1(1) and 34.1(2) do not apply in computing an individual’s income for a taxation year from a business where (a) the individual dies or otherwise ceases to carry on the business in the year; or (b) the individual becomes a bankrupt in the calendar year in which the taxation year ends. SUBDIVISION B Income or Loss from a Business or Property (a) an individual carries on a business in a taxation year, (b) the individual dies in the year and after the end of a fiscal period of the business that ends in the year, (c) another fiscal period of the business ends because of the individual’s death (in this subsection referred to as the “short period”), and (i) elects that this subsection apply in computing the individual’s income for the year, or notwithstanding subsection 34.1(8), there shall be included in computing the individual’s income for the year from the business, the amount determined by the formula A is the total of the individual’s income from the business for fiscal periods (other than the short period) of the business that end in the year, B is the lesser of (i) the total of all amounts, each of which is an amount included in the value of A in respect of the business that is deemed to be a taxable capital gain for the purpose of section 110.6, and (ii) the total of all amounts deducted under section 110.6 in computing the individual’s taxable income for the year, C is the number of days in the short period, and D is the total number of days in fiscal periods of the business (other than the short period) that end in the year.
Outlays not relating to property (a) the cost, or any part of the cost, of a property; (d) paid or payable to a creditor of the taxpayer as, on account of or in lieu of payment of, any debt, or on account of the redemption, cancellation or purchase of any bond or debenture; or Impôt sur le revenu
adjusted stub period accrual of a corporation in respect of a partnership — in which the corporation has a significant interest at the end of the last fiscal period of SUBDIVISION B Income or Loss from a Business or Property the partnership that ends in the corporation’s taxation year in circumstances where another fiscal period (in this definition referred to as the “particular period”) of the partnership begins in the year and ends after the year — means (a) if paragraph (b) does not apply, the amount determined by the formula A is the total of all amounts each of which is the corporation’s share of an income or taxable capital gain of the partnership for a fiscal period of the partnership that ends in the year (other than an amount for which a deduction is available under section 112 or 113), B is the total of all amounts each of which is the corporation’s share of a loss or allowable capital loss — to the extent that the total of all allowable capital losses does not exceed the total of all taxable capital gains included in the description of A — of the partnership for a fiscal period of the partnership that ends in the year, C is the number of days that are in both the year and the particular period, D is the number of days in fiscal periods of the partnership that end in the year, E is the amount of the qualified resource expense in respect of the particular period of the partnership that is designated by the corporation for the year under subsection (6) in its return of income for the year filed with the Minister on or before its filing-due date for the year, and F is an amount designated by the corporation in its return of income for the year (other than an amount included in the description of E) and filed with the Minister on or before its filing-due date for the year; and (b) if a fiscal period of the partnership ends in the corporation’s taxation year and the year is the first taxation year in which the fiscal period of the partnership is aligned with the fiscal period of one or more other partnerships under a multi-tier alignment (in this paragraph referred to as the “eligible fiscal period”), (i) where a fiscal period of the partnership ends in the year and before the eligible fiscal period, the amount determined by the formula SUBDIVISION B Income or Loss from a Business or Property A is the total of all amounts each of which is the corporation’s share of an income or taxable capital gain of the partnership for the first fiscal period of the partnership that ends in the year (other than any amount for which a deduction is available under section 112 or 113), B is the total of all amounts each of which is the corporation’s share of a loss or allowable capital loss — to the extent that the total of all allowable capital losses does not exceed the total of all taxable capital gains included in the description of A — of the partnership for the first fiscal period of the partnership that ends in the year, C is the number of days that are in both the year and the particular period, D is the number of days in the first fiscal period of the partnership that ends in the year, E is the amount of the qualified resource expense in respect of the particular period of the partnership that is designated by the corporation for the year under subsection (6) in its return of income for the year filed with the Minister on or before its filing due date for the year, and F is an amount designated by the corporation in its return of income for the year (other than an amount included in the description of E) and filed with the Minister on or before its filing-due date for the year, and (ii) where the eligible fiscal period of the partnership is the first fiscal period of the partnership that ends in the corporation’s taxation year, the amount determined by the formula A is the total of all amounts each of which is the corporation’s share of an income or taxable capital gain of the partnership for the eligible fiscal period (other than any amount for which a deduction is available under section 112 or 113), B is the total of all amounts each of which is the corporation’s share of a loss or allowable capital loss — to the extent that the total of all allowable capital losses does not exceed the total of all taxable capital gains included in the description of A — of the partnership for the eligible fiscal period, C is the corporation’s eligible alignment income for the eligible fiscal period, is the number of days that are in both the year and the particular period, is the number of days that are in the eligible fiscal period that ends in the year, is the amount of the qualified resource expense in respect of the particular period of the partnership that is designated by the corporation for the year under subsection (6) in its return of income for the year filed with the Minister on or before its filing-due date for the year, and is an amount designated by the corporation in its return of income for the year (other than an amount included in the description of F) and filed with the Minister on or before its filing-due date for the year. (montant comptabilisable ajusté pour la période tampon) eligible alignment income, of a corporation, means (a) if a partnership is subject to a single-tier alignment, the first aligned fiscal period of the partnership ends in the first taxation year of the corporation ending after March 22, 2011 (in this paragraph referred to as the “eligible fiscal period”) and the corporation is a member of the partnership at the end of the eligible fiscal period, (i) where the eligible fiscal period is preceded by another fiscal period of the partnership that ends in the corporation’s first taxation year that ends after March 22, 2011 and the corporation is a member of the partnership at the end of that preceding fiscal period, the amount determined by the formula is the total of all amounts each of which is the corporation’s share of an income or taxable capital gain of the partnership for the eligible fiscal period (other than any amount for which a deduction is available under section 112 or 113), is the total of all amounts each of which is the corporation’s share of a loss or allowable capital loss — to the extent that the total of all allowable capital losses does not exceed the total of all taxable capital gains included in the description of A — of the partnership for the eligible fiscal period, and is, where an outlay or expense of the partnership is deemed by subsection 66(18) to be made or incurred by the corporation at the end of the eligible fiscal period, the total of all amounts each of which is an amount that would be deductible by the corporation for the taxation year under any of sections 66.1, 66.2, 66.21 and 66.4 determined as if each such outlay or expense were the only amount relevant in determining the amount deductible, or (ii) where the eligible fiscal period is the first fiscal period of the partnership that ends in the corporation’s first taxation year ending after March 22, 2011, nil; and (b) if a partnership is subject to a multi-tier alignment, the first aligned fiscal period of the partnership ends in the taxation year of the corporation (in this paragraph referred to as the “eligible fiscal period”) and the corporation is a member of the partnership at the end of the eligible fiscal period, the amount determined by the formula A is the total of all amounts each of which is the corporation’s share of an income or taxable capital gain of the partnership for the eligible fiscal period (i) for which a deduction is available under section 112 or 113, or (ii) that would be included in computing the income of the corporation for the year if there were no multi-tier alignment, B is the total of all amounts each of which is the corporation’s share of a loss or allowable capital loss — to the extent that the total of all allowable capital losses does not exceed the total of all taxable capital gains included in the description of A — of a partnership for the eligible fiscal period, and C is, where an outlay or expense of the partnership is deemed by subsection 66(18) to be made or incurred by the corporation at the end of the eligible fiscal period, the total of all amounts each of which is an amount that would be deductible by the corporation for the taxation year under any of sections 66.1, 66.2, 66.21 and 66.4 determined as if each such outlay or expense were the only amount relevant in determining the amount deductible. qualified resource expense, of a corporation for a taxation year in respect of a fiscal period of a partnership that begins in the year and ends after the year, means an expense incurred by the partnership in the portion of the fiscal period that is in the year and that is described in any of the following definitions: (b) Canadian development expense in subsection 66.2(5); (c) foreign resource expense in subsection 66.21(1); and qualifying transitional income, of a corporation that is a member of a partnership on March 22, 2011, means the amount that is the total of the following amounts, computed in accordance with subsection (15), (a) the corporation’s eligible alignment income in respect of the partnership, and (b) the corporation’s adjusted stub period accrual in respect of the partnership for (i) if there is a multi-tier alignment in respect of the partnership, the corporation’s taxation year during which ends the fiscal period of the partnership that is aligned with the fiscal period of one or more other partnerships under the multi-tier alignment, or significant interest, of a corporation in a partnership at any time, means a membership interest of the corporation in the partnership if the corporation, or the corporation together with one or more persons or partnerships related to or affiliated with the corporation, is entitled at that time to more than 10% of (b) the assets (net of liabilities) of the partnership if it were to cease to exist. (participation importante) (a) if the first taxation year for which the corporation has qualifying transitional income ends in 2011 and the particular year ends in (v) 2015, 25%, and (b) if the first taxation year for which the corporation has qualifying transitional income ends in 2012 and the particular year ends in (c) if the first taxation year for which the corporation has qualifying transitional income ends in 2013 and the particular year ends in (iv) 2016, 25%, and Income inclusion — adjusted stub period accrual
Subject to subsections (5) and (9), a corporation (other than a professional corporation) shall include in computing its income for a taxation year its adjusted stub period accrual in respect of a partnership if (a) the corporation has a significant interest in the partnership at the end of the last fiscal period of the partnership that ends in the year; (b) another fiscal period of the partnership begins in the year and ends after the year; and (c) at the end of the year, the corporation is entitled to a share of an income, loss, taxable capital gain or allowable capital loss of the partnership for the fiscal period referred to in paragraph (b). Income inclusion — new partner designation
Subject to subsection (5), if a corporation (other than a professional corporation) becomes a member of a partnership during a fiscal period of the partnership (in this subsection referred to as the “particular period”) that begins in the corporation’s taxation year and ends after the taxation year but on or before the filing-due date for the taxation year and the corporation has a significant interest in the partnership at the end of the particular period, the corporation may include in computing its income for the taxation year the lesser of (a) the amount, if any, designated by the corporation in its return of income for the taxation year, and (b) the amount determined by the formula A is the corporation’s income from the partnership for the particular period (other than any amount the deduction of which is available under section 112 or 113), B is the number of days that are both in the corporation’s taxation year and the particular period, and C is the number of days in the particular period. Treatment in following year
If an amount was included in computing the income of a corporation in respect of a partnership for the immediately preceding taxation year under subsection (2) or (3), (a) the portion of the amount that, because of subparagraph (5)(a)(i) or (ii), was income for that preceding year is deductible in computing the income of the corporation for the current taxation year; and (b) the portion of the amount that, because of subparagraph (5)(a)(i) or (ii), was taxable capital gains for that preceding year is deemed to be an allowable capital loss of the corporation for the current taxation year from the disposition of property. Character of amounts
(i) d'une part, le contribuable est réputé disposer à ce moment d'une partie du bien représentant l'achalandage relatif à l'entreprise donnée, le coût de cette partie étant égal au coût de ce bien relativement à cette entreprise déterminé par ailleurs ou, si elle est moins élevée, à la partie du produit de disposition attribuable à l'achalandage, (ii) d'autre part, le coût du bien représentant l'achalandage relatif à l'entreprise donnée est réduit à ce moment de la somme déterminée selon le sous-alinéa (i); d) si l'alinéa c) s'applique à plusieurs dispositions d'achalandage effectuées simultanément, cet alinéa et le paragraphe (39) s'appliquent comme si chaque disposition avait été effectuée séparément dans l'ordre établi par le contribuable ou, à défaut, dans l'ordre établi par le ministre. Dépenses non liées à un bien
For the purposes of this Act, the following rules apply: (a) in computing the income of a corporation for a taxation year, (i) an adjusted stub period accrual included under subsection (2) in respect of a partnership for the year is deemed to be income, and taxable capital gains from the disposition of property, having the same character and to be in the same proportions as any income and taxable capital gains that were allocated by the partnership to the corporation for all fiscal periods of the partnership ending in the year, (ii) an amount included under subsection (3) in respect of a partnership for the year is deemed to be income, and taxable capital gains from the disposition of property, having the same character and to be in the same proportions as any income and taxable capital gains that were allocated by the partnership to the corporation for the particular period referred to in that subsection, (iii) an amount, a portion of which is deductible or is an allowable capital loss under subsection (4) in respect of a partnership for the year, is deemed to have the same character and to be in the same proportions as the income and taxable capital gains included in the corporation’s income for the immediately preceding taxation year under subsection (2) or (3) in respect of the partnership, (iv) an amount claimed as a reserve under subsection (11) in respect of a partnership for the year is deemed to have the same character and to be in the same proportions as the qualifying transitional income in respect of the partnership for the year, and (v) an amount, a portion of which is included in income under paragraph (12)(a), or is deemed to be a taxable capital gain under paragraph (12)(b), in respect of a partnership for the year, is deemed to have the same character and to be in the same proportions as the amount claimed as a reserve under subsection (11) in respect of the partnership for the immediately preceding taxation year; (b) a corporation’s capital dividend account, as defined in subsection 89(1), is to be determined without reference to this section; and (c) the reference in subparagraph 53(2)(c)(i.4) to an amount deducted under subsection (11) by a taxpayer includes an amount deemed to be an allowable capital loss under subparagraph (11)(b)(ii). Designation — qualified resource expense
Le contribuable qui engage ou effectue une dépense de capital à un moment donné en vue de tirer un revenu d'une entreprise qu'il exploite est réputé acquérir à ce moment l'achalandage relatif à l'entreprise à un coût égal au montant de la dépense si aucune partie de ce montant, selon le cas : a) ne représente le coût, ou une partie du coût, d'un bien; b) ne soit déductible dans le calcul du revenu du contribuable provenant de l'entreprise, déterminé compte non tenu du présent paragraphe; c) ne soit pas déductible dans le calcul du revenu du contribuable provenant de l'entreprise par l'effet d'une disposition de la présente loi (sauf l'alinéa 18(1)b)) ou du Règlement de l'impôt sur le revenu; d) ne soit payée ou payable à un créancier du contribuable au titre ou en paiement total ou partiel de toute dette, ou au titre du rachat, de l'annulation ou de l'achat d'une obligation ou d'une débenture; e) si le contribuable est une société, une société de personnes ou une fiducie, ne soit payée ou payable à une personne en sa qualité d'actionnaire, d'associé ou de bénéficiaire, selon le cas, du contribuable. Exception
A corporation may designate an amount for a taxation year in respect of a qualified resource expense under the definition adjusted stub period accrual in subsection (1) subject to the following rules: (a) the corporation cannot designate an amount for the year in respect of a qualified resource expense in respect of a partnership except to the extent the corporation obtains from the partnership, before the corporation’s filing-due date for the year, information in writing identifying the corporation’s qualified resource expenses described (i) in paragraph (h) of the definition Canadian exploration expense in subsection 66.1(6), determined as if those expenses had been incurred by the partnership in its last fiscal period that ended in the year, (ii) in paragraph (f) of the definition Canadian development expense in subsection 66.2(5), determined as if those expenses had been incurred by the partnership in its last fiscal period that ended in the year, (iii) in paragraph (e) of the definition foreign resource expense in subsection 66.21(1), determined as if those expenses had been incurred by the partnership in its last fiscal period that ended in the year, and (iv) in paragraph (b) of the definition Canadian oil and gas property expense in subsection 66.4(5), determined as if those expenses had been incurred by the partnership in its last fiscal period that ended in the year; and (b) the amount designated for the year by the corporation is not to exceed the maximum amount that would be deductible by the corporation under any of sections 66.1, 66.2, 66.21 and 66.4 in computing its income for the year if (i) the amounts referred to in paragraph (a) in respect of the partnership were the only amounts relevant in determining the maximum amount, and (ii) the fiscal period of the partnership that begins in the year and ends after the year had ended at the end of the year and each qualified resource expense SUBDIVISION B Income or Loss from a Business or Property were deemed under subsection 66(18) to be incurred by the corporation at the end of the year.
Il est entendu qu'aucune somme payée ou à payer ne peut être incluse dans la catégorie 14.1 de l'annexe II du Règlement de l'impôt sur le revenu si la somme est : 4/3 × (A + B − C) where Rentrées non liées à un bien
Subsections (2) and (3) do not apply in computing a corporation’s income for a taxation year in respect of a partnership if the corporation becomes a bankrupt in the year. Foreign affiliates
Le contribuable qui, à un moment donné d’une année d’imposition, devient ou peut devenir en droit de recevoir une somme (appelée rentrée au présent paragraphe) au titre du capital relatif à une entreprise qu’il exploite ou exploitait est réputé disposer, à ce moment, de l’achalandage relatif à l’entreprise pour un produit de disposition égal à l’excédent de la rentrée sur le total des dépenses qu’il a engagées ou effectuées en vue d’obtenir la rentrée et qui n’étaient pas déductibles par ailleurs dans le calcul de son revenu si, compte tenu du présent paragraphe, les conditions ci-après sont remplies : a) pour l’application de la présente loi, la rentrée n’est pas incluse dans le calcul du revenu du contribuable ni déduite dans le calcul du solde des dépenses ou autres montants non déduits pour l’année d’imposition ou pour une année d’imposition antérieure; b) la rentrée n’est pas appliquée en réduction du coût ou du coût en capital d’un bien ou du montant d’une dépense; c) la rentrée n’est pas incluse dans le calcul d’un gain ou d’une perte du contribuable découlant de la disposition d’une immobilisation. Catégorie 14.1 — dispositions transitoires
This section does not apply for the purposes of computing, for a taxation year of a foreign affiliate of a corporation resident in Canada, (a) the foreign accrual property income of the affiliate in respect of the corporation; and (b) except to the extent that the context otherwise requires, the exempt surplus or exempt deficit, the hybrid surplus or hybrid deficit, and the taxable surplus or taxable deficit (as those terms are defined in subsection 5907(1) of the Income Tax Regulations) of the affiliate in respect of the corporation.
Si un contribuable a engagé, avant 2017, une dépense en capital admissible relativement à une entreprise, les règles ci-après s’appliquent : a) au début du 1er janvier 2017, le coût en capital total des biens du contribuable compris dans la catégorie 14.1 de l’annexe II du Règlement de l’impôt sur le revenu relativement à l’entreprise — dont chacun était une immobilisation admissible du contribuable immédiatement avant cette date ou est un bien représentant l’achalandage relatif à l’entreprise — est réputé correspondre à la somme obtenue par la formule suivante : 4/3 × (A + B − C) où : A représente le montant cumulatif des immobilisations admissibles relatives à l’entreprise au début du 1er janvier 2017, pour les années d’imposition se terminant avant cette date : (i) le total du coût en capital total des biens de la catégorie et de la valeur de l’élément C de la formule figurant à l’alinéa a), (ii) la valeur de l’élément A de la formule figurant à l’alinéa a); (d) dans le cas où aucune année d’imposition du contribuable ne prend fin immédiatement avant le 1er janvier 2017 et qu’une somme donnée aurait été incluse, par l’effet de l’alinéa 14(1)b), dans sa version applicable immédiatement avant cette date, dans le calcul du revenu du contribuable provenant de l’entreprise pour l’année d’imposition donnée qui comprend cette date si cette année avait pris fin immédiatement avant cette date : (i) pour l’application de la formule figurant à l’alinéa a), la somme correspondant aux 3/2 de la somme donnée est à inclure dans le calcul de la valeur de l’élément B de la formule figurant à la définition de **montant cumulatif des immobilisations admissibles** au paragraphe 14(5), dans sa version applicable immédiatement avant cette date, (ii) le contribuable est réputé disposer d’un immeuble relatif à l’entreprise immédiatement avant cette date pour un produit de disposition égal au double de la somme donnée, (iii) si le contribuable fait le choix visé au présent sous-alinéa dans un document qu’il présente au ministre au plus tard à la date d’échéance de production qui lui est applicable pour une année donnée, le sous-alinéa (ii) ne s’applique pas et une somme égale à la somme donnée est à inclure dans le calcul de son revenu provenant de l’entreprise pour cette année, (iv) si, à cette date ou par la suite et au cours de l’année donnée, le contribuable acquiert un bien compris dans la catégorie relative à l’entreprise ou est réputé, par le paragraphe (35), acquérir de l’achalandage relatif à l’entreprise, et qu’il fait le choix de se prévaloir du présent sous-alinéa dans un document qu’il présente au ministre au plus tard à la date d’échéance de production qui lui est applicable pour l’année donnée : (A) pour l’application des sous-alinéas (ii) et (iii), la somme donnée est réduite de la somme déterminée par ailleurs ou, si elle est moins élevée, de la moitié du coût en capital du bien ou de l’achalandage acquis, déterminé compte non tenu de la division (B), (B) le coût en capital du bien ou de l’achalandage acquis, selon le cas, est réduit du double de la somme appliquée en réduction de la somme donnée en application de la division (A), (v) si, au cours de l’année donnée et avant cette date, le contribuable a disposé d’un bien agricole ou de pêche admissible, au sens du paragraphe 110.6(1), qui faisait partie de ses immobilisations admissibles, l’immobilisation dont il a été disposé en application du sous-alinéa (ii) est réputée être un tel bien jusqu’à concurrence de la moins élevée des sommes suivantes : (A) le produit de disposition provenant de l’immobilisation, (B) l’excédent du produit de disposition du bien agricole ou de pêche admissible sur son coût. Catégorie 14.1 — disposition transitoire
If a corporation is a member of a partnership subject to a multi-tier alignment, subsection (2) does not apply to the corporation in respect of the partnership for taxation years preceding the taxation year that includes the end of the first aligned fiscal period of the partnership under the multi-tier alignment. Designations
Si un contribuable dispose à un moment donné d’un bien compris dans la catégorie 14.1 de l’annexe II du *Règlement de l’impôt sur le revenu* relativement à une entreprise et qu’aucun des paragraphes 24(2), 70(5.1), 73(3.1), 85(1), 88(1), 98(3) et (5), 107(2) et 107.4(3) ne s’applique à la disposition, alors, pour le calcul du coût en capital non amorti de la catégorie, le contribuable est réputé, pour ce moment, avoir acquis un bien de la catégorie immédiatement avant ce moment dont le coût en capital est égal au moins élevé du quart du produit de disposition du bien, du quart de son coût en capital et de ce des montants ci-après qui est applicable : a) si le bien donné n’est pas un bien représentant l’achalandage et est acquis par le contribuable avant 2017, le quart de son coût en capital; b) si le bien donné n’est pas un bien représentant l’achalandage, qu’il est acquis par le contribuable après 2016 et que son montant est réputé, par le paragraphe (40), avoir été accordée en déduction en application de l’alinéa 20(1)a) relativement à l’acquisition de ce bien par le contribuable, cette somme; c) si le bien donné, sauf un bien auquel l’alinéa b) s’applique, n’est pas un bien représentant l’achalandage et est acquis par le contribuable après 2016 — dans les circonstances visées à l’un des paragraphes 24(2), 70(5.1), 73(3.1), 85(1), 88(1), 98(3) et (5), 107(2) et 107.4(3) — d’une société de personnes qui aurait été réputée, en vertu du présent paragraphe, avoir acquis un bien si aucun de ces paragraphes ne (d) if the particular property is goodwill, the amount by which exceeds s’était appliqué, le coût en capital du bien qui aurait été ainsi réputé avoir été acquis par la personne ou société de personnes; d) si le bien donné est un bien représentant l’achalandage, l’excédent du total visé au sous-alinéa (i) sur celui visé au sous-alinéa (ii) : (i) le total des sommes dont chacune représente : (A) le quart de la somme déterminée selon le sous-alinéa (38)b)(iii) relativement à l’entreprise, (B) si de l’achalandage est acquis par le contribuable après 2016 et qu’une somme est réputée, par le paragraphe (40), avoir été accordée en déduction en application de l’alinéa 20(1)a) relativement à l’acquisition du bien par le contribuable, cette somme, (C) si de l’achalandage est acquis par le contribuable (à l’exception d’une acquisition relativement à laquelle la division (B) s’applique) après 2016 — dans les circonstances visées à l’un des paragraphes 24(2), 70(5.1), 73(3.1), 85(1), 98(3) et (5), 107(2) et 107.4(3) — d’une personne ou société de personnes qui aurait été réputée, par le présent paragraphe, avoir acquis un bien si aucun de ces paragraphes ne s’était appliqué, le coût en capital du bien qui aurait été ainsi réputé avoir été acquis par la personne ou société de personnes, (ii) le total des sommes dont chacune représente le coût en capital d’un bien réputé, par le présent paragraphe, avoir été acquis par le contribuable au moment donné ou antérieurement relativement à une autre disposition de bien représentant l’achalandage relatif à l’entreprise; e) dans les autres cas, zéro. Catégorie 14.1 — disposition transitoire
Once a corporation makes a designation in calculating its adjusted stub period accrual in respect of a partnership for a taxation year under any of the description of E or F of paragraph (a), the description of E or F of subparagraph (b)(i) and the description of F or G of subparagraph (b)(ii) of the definition adjusted stub period accrual in subsection (1), the designation cannot be amended or revoked. Transitional reserve
Si un contribuable acquiert à un moment donné un bien compris dans la catégorie 14.1 de l’annexe II du Règlement de l’impôt sur le revenu relativement à une entreprise, que l’acquisition de ce bien fait partie d’une opération ou d’une série d’opérations ou d’événements qui comprend la disposition (appelée disposition antérieure au présent paragraphe) de bien donné ou d’un bien semblable effectuée à ce moment ou antérieurement par le contribuable ou une personne ou société de personnes avec laquelle il a un lien de dépendance et que le paragraphe (39) s’applique relativement à la disposition antérieure, pour le calcul de la fraction non Income Tax PART I Income Tax DIVISION B Computation of Income
If a corporation has qualifying transitional income in respect of a partnership for a particular taxation year, (a) the corporation may, in computing its income for the particular year, claim an amount, as a reserve, not exceeding the least of (i) the specified percentage for the particular year of the corporation’s qualifying transitional income in respect of the partnership, (ii) if, for the immediately preceding taxation year, an amount was claimed under this subsection in computing the corporation’s income in respect of the partnership, the amount that is the total of (A) the amount included under subsection (12) in computing the corporation’s income for the particular year in respect of the partnership, and (B) the amount by which the corporation’s qualifying transitional income in respect of the partnership is increased in the particular year because of the application of subsections (16) and (17), and (iii) the amount determined by the formula A is the corporation’s income for the particular year computed before deducting or claiming any amount under this subsection in respect of the partnership or under section 61.3 and 61.4, and B is the total of all amounts each of which is an amount deductible by the corporation for the year under section 112 or 113 in respect of a dividend received by the corporation after December 20, 2012; and (b) the portion of the amount claimed under paragraph (a) for the particular year that, because of subparagraph (5)(a)(iv), has (i) a character other than capital is deductible in computing the income of the corporation for the particular year, and (ii) the character of capital is deemed to be an allowable capital loss of the corporation for the particular year from the disposition of property. SUBDIVISION B Income or Loss from a Business or Property
Impôt sur le revenu
Subject to subsection (5), if a reserve was claimed by a corporation under subsection (11) in respect of a partnership for the immediately preceding taxation year, (a) the portion of the reserve that was deducted under subparagraph (11)(b)(i) for that preceding year is to be included in computing the income of the corporation for the current taxation year; and (b) the portion of the reserve that was deemed by subparagraph (11)(b)(ii) to be an allowable capital loss of the corporation for that preceding year is deemed to be a taxable capital gain of the corporation for the current taxation year from the disposition of property.
No claim shall be made under subsection (11) in computing a corporation’s income for a taxation year in respect of a partnership (i) in the case of a corporation that is a member of a partnership in respect of which there is a multi-tier alignment, the corporation has been a member of the partnership continuously since before March 22, 2011 to the end of the year, (ii) in the case of a corporation that is a member of a partnership in respect of which there is no multi-tier alignment, the corporation is a member of the partnership (A) at the end of the partnership’s fiscal period that begins before March 22, 2011 and ends in the year of the corporation that includes March 22, 2011, (B) at the end of the partnership’s fiscal period commencing immediately after the fiscal period referred to in clause (A) and continues to be a member until after the end of the year of the corporation that includes March 22, 2011, and (C) continuously since before March 22, 2011 until the end of the year; (b) if at the end of the year or at any time in the following taxation year, (i) the corporation’s income is exempt from tax under this Part, or (ii) the corporation is non-resident and the partnership does not carry on business through a permanent establishment (as defined for the purpose of subsection 16.1(1)) in Canada; or (c) if the year ends immediately before another taxation year (i) at the beginning of which the partnership no longer principally carries on the activities to which the reserve relates, (ii) in which the corporation becomes a bankrupt, (iii) in which the corporation is dissolved or wound up (other than in circumstances to which subsection 88(1) applies). Deemed partner
A corporation that cannot claim an amount under subsection (11) for a taxation year in respect of a partnership solely because it has disposed of its interest in the partnership is deemed for the purposes of paragraph (13)(a) to be a member of a partnership continuously until the end of the taxation year if (a) the corporation disposed of its interest to another corporation related to, or affiliated with, the corporation at the time of the disposition; and (b) a corporation related to, or affiliated with, the corporation has the partnership interest referred to in paragraph (a) at the end of the taxation year. Computing qualifying transitional income — special rules
For the purposes of determining a corporation’s qualifying transitional income, the income or loss, as the case may be, of a partnership for a fiscal period shall be computed as if (a) the partnership had deducted for the period the maximum amount deductible in respect of any expense, reserve, allowance or other amount; (b) this Act were read without reference to paragraph 28(1)(b); and (c) the partnership had made an election under paragraph 34(a). Qualifying transition income adjustment — conditions for application
amortie du coût en capital des biens de la catégorie, est réputée avoir été accordée au contribuable en déduction en application de l’alinéa 20(1)a) relativement au bien donné dans le calcul de son revenu pour les années d’imposition se terminant avant l’acquisition une somme égale au coût en capital du bien réputé, par le paragraphe (39), être acquis relativement à la disposition antérieure ou, s’il est moins élevé, au quart du coût en capital du bien donné. Catégorie 14.1 — disposition transitoire
Subsection (17) applies for a particular taxation year of a corporation and for each subsequent taxation year for which the corporation may claim an amount under subsection (11) in respect of a partnership if the particular year is the first taxation year (a) that is after the taxation year in which the corporation has, or would have if the partnership had income, an adjusted stub period accrual that is included in the corporation’s qualifying transitional income in respect of the partnership by reason of paragraph (b) of the definition qualifying transitional income in subsection (1); and (b) in which ends the fiscal period of the partnership that began in the taxation year referred to in paragraph (a). Adjustment of qualifying transitional income
Pour l’application des paragraphes (38) à (40) et (42), de l’alinéa 20(1)hh.1), des paragraphes 40(13) à (16) et de l’alinéa 79(4)b), les termes élément cumulatif des immobilisations admissibles, montant admissible, immobilisation admissible et solde des gains exonérés s’entendent au sens de la présente loi dans sa version applicable immédiatement avant 2017. Catégorie 14.1 — dispositions transitoires
If this subsection applies in respect of a partnership for a taxation year of a corporation, the adjusted stub period accrual included in the corporation’s qualifying transitional income in respect of the partnership for the year is computed as if (a) the descriptions in paragraph (a) and subparagraph (b)(i) of the definition adjusted stub period accrual in subsection (1) read as follows: A is the total of all amounts each of which is the corporation’s share of an income or taxable capital gain of the partnership for the particular period (other than any amount for which a deduction is available under section 112 or 113), B is the total of all amounts each of which is the corporation’s share of a loss or allowable capital loss — to the extent that the total of all allowable losses does not exceed the total of all taxable capital gains included in the description of A — of the partnership for the particular period, C is the number of days that are in both the year and the particular period, D is the number of days in the particular period, E is the amount of the qualified resource expense in respect of the particular period of the partnership that is designated by the corporation for the year under subsection (6) in its return of income for the year filed with the Minister on or before its filing-due date for the year, and F is nil; and (b) the descriptions in subparagraph (b)(ii) of the definition **adjusted stub period accrual** in subsection (1) read as follows: A is the total of all amounts each of which is the corporation’s share of an income or taxable capital gain of the partnership for the particular period (other than any amount for which a deduction is available under section 112 or 113), B the total of all amounts each of which is the corporation’s share of a loss or allowable capital loss — to the extent that the total of all allowable capital losses does not exceed the total of all taxable capital gains included in the description of A — of the partnership for the particular period, C is nil, D is the number of days that are in both the year and the particular period, E is the number of days in the particular period, F is the amount of the qualified resource expense in respect of the particular period of the partnership that is designated by the corporation for the year under subsection (6) in its return of income for the year filed with the Minister on or before its filing-due date for the year, and G is nil. Anti-avoidance
Si le contribuable est propriétaire d’un bien compris dans la catégorie 14.1 de l’annexe II du Règlement de l’impôt sur le revenu relativement à une entreprise au début de 2017, qui était une immobilisation admissible relative à l’entreprise immédiatement avant 2017, les règles suivantes s’appliquent : a) pour l’application de la présente loi et de ses règlements (à l’exception du présent article, de l’article 20 et des dispositions réglementaires prises pour l’application de l’alinéa 20(1)a)), la valeur de l’élément A de la formule figurant à la définition de montant cumulatif des immobilisations admissibles au paragraphe 14(5) avant immédiatement avant 2017 en raison de la disposition du bien immédiatement avant ce moment, le coût en capital du bien est réputé augmenter des 4/3 du montant de cette augmentation; b) pour l’application du présent article, de l’article 20 et des règlements pris pour l’application de l’alinéa 20(1)a), si le contribuable a été réputé, par le paragraphe 14(2), continuer d’être propriétaire d’une immobilisation admissible relative à l’entreprise et continuer d’exploiter jusqu’à un moment qui est postérieur à 2016, le contribuable est réputé continuer d’être propriétaire de l’immobilisation admissible et d’exploiter l’entreprise jusqu’au moment qui précède immédiatement le premier des événements qui seraient visés à l’un des alinéas 14(2)c) à g) (dans leur version applicable immédiatement avant 2017, le passage « une immobilisation admissible » à l’alinéa 14(2)d) étant remplacé par « une immobilisation admissible ou une immobilisation »); [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 13; 1994, c. 7, Sch. II, s. 4; S.C. 1994, c. 21, s. 7; 1995, c. 1, s. 44, c. 3, s. 4; 1997, c. 25, s. 43; 1998, c. 19, s. 175; 1999, c. 22, s. 7; 2001, c. 17, s. 8; 2006, c. 4, s. 25; 2016, c. 12, s. 48; 2016, c. 15, s. 97, c. 33, s. 76; 2020, c. 6, s. 23; 2019, c. 29, s. 202(2); 2021, c. 25, s. 48; 2022, c. 10, s. 53; 2023, c. 26, s. 15; 2024, c. 15, s. 4; 2024, c. 17, s. 80. Impôt sur le revenu
If it is reasonable to conclude that one of the main reasons a corporation is a member of a partnership in a taxation year is to avoid the application of subsection (13), the corporation is deemed not to be a member of the partnership for the purposes of that subsection.
actual stub period accrual, of a corporation in respect of a qualifying partnership for a taxation year, means the positive or negative amount determined by the formula A is the total of all amounts each of which is the corporation’s share of an income or taxable capital gain of the qualifying partnership for the last fiscal period of the partnership that began in the base year (other than any amount for which a deduction was available under section 112 or 113); B is the total of all amounts each of which is the corporation’s share of a loss or allowable capital loss of the qualifying partnership for the last fiscal period of the partnership that began in the base year (to the extent that the total of all allowable capital losses included under this description in respect of all qualifying partnerships for the taxation year does not exceed the corporation’s share of all taxable capital gains of all qualifying partnerships for the taxation year); C is the number of days that are in both the base year and the fiscal period; D is the number of days in the fiscal period; and E is the amount of the qualified resource expense in respect of the qualifying partnership for the base year under subsection 34.2(6) in its return of income for the base year filed with the Minister on or before its filing-due date for the base year. base year, of a corporation in respect of a qualifying partnership for a taxation year, means the preceding taxation year of the corporation in which began a fiscal period of the partnership that ends in the corporation’s taxation year. income shortfall adjustment, of a corporation in respect of a qualifying partnership for a taxation year, means the positive or negative amount determined by the formula A is the amount that is the lesser of (a) the actual stub period accrual in respect of the qualifying partnership, and (b) the amount that would be the corporation’s adjusted stub period accrual for the base year in respect of the qualifying partnership if the value of F in paragraph (a) of the definition adjusted stub period accrual in subsection 34.2(1) were nil; B is the amount included under subsection 34.2(2) in computing the corporation’s income for the base year in respect of the qualifying partnership; C is the number of days in the period that (a) begins on the day after the day on which the base year ends, and (b) ends on the day on which the taxation year ends; and D is the average daily rate of interest determined by reference to the rate of interest prescribed under paragraph 4301(a) of the Income Tax Regulations for the period referred to in the description of C. (rajustement pour revenu insuffisant) qualifying partnership, in respect of a corporation for a particular taxation year, means a partnership (a) a fiscal period of which began in a preceding taxation year and ends in the particular taxation year; and (b) in respect of which the corporation was required to estimate the adjusted stub period accrual for the preceding taxation year. (société de personnes admissible)
Subsection (3) applies to a corporation for a taxation year if (a) the corporation has designated an amount for the purpose of the description of F in paragraph (a) of the definition adjusted stub period accrual in subsection 34.2(1) in calculating its adjusted stub period accrual for the base year in respect of a qualifying partnership for the taxation year; and (b) where the corporation has qualifying transitional income, the taxation year is after the first taxation year of the corporation to which subsection 34.2(17) applies.
If this subsection applies to a corporation for a taxation year, the corporation shall include in computing its income for the taxation year the amount determined by the formula A is the amount that is the total of all amounts each of which is the corporation’s income shortfall adjustment in respect of a qualifying partnership for the year; and B is the amount that is the lesser of A and the total of all amounts each of which is 25% of the positive amount, if any, that would be the corporation’s income shortfall adjustment in respect of a qualifying partnership for the year if the value of the description of B in the definition income shortfall adjustment in subsection (1) were nil. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2011, c. 24, s. 3. Prospectors and grubstakers (a) is received in a taxation year by an individual as consideration for the disposition by the individual to the corporation of a mining property or an interest, or for civil law a right, therein acquired by the individual as a result of the individual’s efforts as a prospector, either alone or with others, or (b) is received in a taxation year (i) by a person who has, either under an arrangement with a prospector made before the prospecting, exploration or development work or as an employer of a prospector, advanced money for, or paid part or all of, the expenses of prospecting or exploring for minerals or of developing a property for minerals, and (ii) as consideration for the disposition by the person referred to in subparagraph (i) to the corporation of a mining property or an interest, or for civil law a right, therein acquired under the arrangement under which that person made the advance or paid the expenses, or if the prospector’s employee, acquired by the person through the employee’s efforts, the following rules apply: (c) notwithstanding any other provision of this Act, no amount in respect of the receipt of the share shall be included (i) in computing the income for the year of the individual or person, as the case may be, except as provided in paragraph 35(1)(d), or (ii) in computing at any time the amount to be determined for F in the definition cumulative Canadian development expense in subsection 66.2(5) in respect of the individual or person, as the case may be, (d) in the case of an individual or partnership (other than a partnership each member of which is a taxable Canadian corporation), an amount in respect of the receipt of the share equal to the lesser of its fair market value at the time of acquisition and its fair market value at the time of disposition or exchange of the share shall be included in computing the income of the individual or partnership, as the case may be, for the year in which the share is disposed of or exchanged, (e) notwithstanding Subdivision C, in computing the cost to the individual, person or partnership, as the case may be, of the share, no amount shall be included in respect of the disposition of the mining property or the interest, or for civil law the right, therein, as the case may be, (f) notwithstanding sections 66 and 66.2, in computing the cost to the corporation of the mining property or the interest, or for civil law the right, therein, as the case may be, no amount shall be included in respect of the share, and (g) for the purpose of paragraph 35(1)(d), an individual or partnership shall be deemed to have disposed of or exchanged shares that are identical properties in the order in which they were acquired.
c) pour l’application des éléments D.1 et K de la définition de fraction non amortie du coût en capital au paragraphe (21), le contribuable est réputé n’avoir payé ni reçu aucune somme au titre d’un droit compensateur ou anti-dumping en vigueur ou proposé sur un bien amortissable de cette catégorie; d) le paragraphe (7.1) ne s’applique pas à un montant d’aide qu’un contribuable a reçu ou est en droit de recevoir avant 2017 relativement à un bien qui était une immobilisation admissible immédiatement avant 2017. Disposition transitoire
In this section, mining property means (a) a right, licence or privilege to prospect, explore, drill or mine for minerals in a mineral resource in Canada, or (b) real property or an immovable in Canada (other than depreciable property) the principal value of which depends on its mineral resource content; (bien minier) prospector means an individual who prospects or explores for minerals or develops a property for minerals on behalf of the individual, on behalf of the individual and others or as an employee. (prospecteur) Scientific research and experimental development
Une somme est à inclure dans le calcul du revenu d’un particulier tiré d’une entreprise pour une année d’imposition et est réputée ne pas être un gain en capital imposable (sauf pour l’application de la définition de compte de dividendes en capital au paragraphe 89(1)) dans la mesure où, à la fois : a) la somme fait partie du produit de disposition d’une immobilisation admissible (au sens de l’article 54, dans sa version applicable au 31 décembre 2016) qui se rapporte à l’entreprise; b) la disposition est régie par une entente conclue entre le contribuable et un acheteur avec qui il n’a aucun lien de dépendance; c) la disposition a été effectuée avant le 22 mars 2016; d) la somme devient à recevoir en vertu de l’entente après 2016 et avant 2024 en raison d’une condition de l’entente, si, à la fois : (i) à la fin de 2016, on ne savait pas encore si la condition serait remplie, (ii) la condition est remplie après 2016; e) la somme serait, en l’absence du présent paragraphe, un gain en capital imposable; f) la somme aurait été incluse dans le calcul du revenu du contribuable tiré de l’entreprise si elle était devenue à recevoir le 31 décembre 2016; g) le contribuable fait un choix, dans un document qu’il présente au ministre au plus tard à la date d’échéance de production qui lui est applicable pour sa première année d’imposition se terminant après le 9 août 2022, afin que le présent paragraphe s’applique relativement à la somme. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs applicables.] L.R. (1985), ch. 1 (5e suppl.), art. 13; 1994, ch. 7, ann. II, art. 4; L.C. 1994, ch. 21, art. 7; 1995, ch. 1, art. 44, ch. 3, art. 4. 14 [Repealed, 2016, c. 12, s. 4] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 14; 1994, c. 7, Sch. II, s. 2; 1998, c. 35, s. 2; 1999, c. 22, s. 7; 1997, c. 26, s. 2; 2001, c. 17, s. 2; 2003, c. 15, s. 4; 2007, c. 2, s. 3; 2010, c. 25, s. 59, 176, c. 40, s. 7; 2014, c. 39, s. 43; 2016, c. 12, s. 4. (d) by an action to which paragraph 84(1)(c.1), (c.2) or (c.3) applies. Conferring of benefit Forgiveness of shareholder debt Forgiven amount chacun des autres droits conférés à ce moment relativement à chacune des autres actions semblables, d’acquérir d’autres actions du capital-actions de la société; pour l’application du présent alinéa : (i) les actions ordinaires d’une catégorie donnée du capital-actions de la société sont réputées être identiques aux actions ordinaires d’une autre catégorie de son capital-actions dans le cas où, à la fois : (A) les droits de vote rattachés à la catégorie donnée d’actions diffèrent de ceux rattachés à l’autre catégorie d’actions, (B) les modalités des catégories d’actions ne présentent pas d’autres différences qui pourraient donner lieu à un important écart entre la juste valeur marchande d’une action de la catégorie donnée et la juste valeur marchande d’une action de l’autre catégorie, (ii) des droits ne sont pas considérés comme identiques si leur coût d’acquisition diffère; d) une opération visée aux alinéas 84(1)c.1), c.2) ou c.3). Octroi d’un avantage (1.1) Malgré le paragraphe (1), la juste valeur marchande d’un dividende en actions qu’une société verse à une personne au cours d’une année d’imposition et s’il est raisonnable de considérer que l’un des motifs du versement est de modifier de façon sensible la valeur de la participation d’un actionnaire déterminé de la société, — sauf dans la mesure où elle est par ailleurs incluse dans le calcul du revenu de cette personne en vertu de l’un des alinéas 82(1)a), a.1) et c) à e) —, est incluse dans le calcul du revenu de cette personne pour l’année. Valeur de l’avantage en cas de remise de dette (1.2) Pour l’application du paragraphe (1), la valeur de l’avantage découlant du règlement ou de l’extinction d’une dette émise par un débiteur est réputée correspondre au montant remis au titre de la dette au moment de son règlement ou de son extinction. Montant remis (1.21) Pour l’application du paragraphe (1.2), le montant remis à un moment donné sur une dette émise par un débiteur s’entend au sens qui serait donné à cette expression par le paragraphe 80(1) si, à la fois : Income Tax PART I Income Tax DIVISION B Computation of Income
(a) the total of all amounts each of which is an expenditure of a current nature made by the taxpayer in the year or in a preceding taxation year ending after 1973 (i) on scientific research and experimental development related to a business of the taxpayer, carried on in Canada and directly undertaken by the taxpayer, (i.01) on scientific research and experimental development related to a business of the taxpayer, carried on in Canada and directly undertaken on behalf of the taxpayer, (i.1) by payments to a corporation resident in Canada to be used for scientific research and experimental development carried on in Canada that is related to a business of the taxpayer, but only where the taxpayer is entitled to exploit the results of that scientific research and experimental development, (ii) by payments to (A) an approved association that undertakes scientific research and experimental development, (B) an approved university, college, research institute or other similar institution, (C) a corporation resident in Canada and exempt from tax under paragraph 149(1)(j), or (E) an approved organization that makes payments to an association, institution or corporation described in any of clauses A to C) to be used for scientific research and experimental development carried on in Canada that is related to a business of the taxpayer, but only where the taxpayer is entitled to exploit the results of that scientific research and experimental development, or (iii) where the taxpayer is a corporation, by payments to a corporation resident in Canada and exempt from tax because of paragraph 149(1)(j), for scientific research and experimental development that is basic research or applied research carried on in Canada (A) the primary purpose of which is the use of results therefrom by the taxpayer in conjunction with other scientific research and experimental development activities undertaken or to be undertaken by or on behalf of the taxpayer that relate to a business of the taxpayer, and (B) that has the technological potential for application to other businesses of a type unrelated to that carried on by the taxpayer, and (c) the total of all amounts each of which is an expenditure made by the taxpayer in the year or in a preceding taxation year ending after 1973 by way of repayment of amounts described in paragraph 37(1)(d), (c.1) all amounts included by virtue of paragraph 12(1)(v), in computing the taxpayer’s income for any previous taxation year, (c.2) all amounts added because of subsection 127(27), (29) or (34) to the taxpayer’s tax otherwise payable under this Part for any preceding taxation year, and (c.3) in the case of a partnership, all amounts each of which is an excess referred to in subsection 127(30) in respect of the partnership for any preceding fiscal period, exceeds the total of (d) the total of all amounts each of which is the amount of any government assistance or non-government assistance (as defined in subsection 127(9)) in respect of an expenditure described in paragraph (a) or (b), as paragraph (a) or (b), as the case may be, read in its application in respect of the expenditure, that at the taxpayer’s filing-due date for the year the taxpayer has received, is entitled to receive or can reasonably be expected to receive, (d.1) the total of all amounts each of which is the super-allowance benefit amount (within the meaning assigned by subsection 127(9)) for the year or for a preceding taxation year in respect of the taxpayer in respect of a province, (e) that part of the total of all amounts each of which is an amount deducted under subsection 127(5) in computing the tax payable under this Part by the taxpayer for a preceding taxation year where the amount can reasonably be attributed to (ii) an expenditure of a current nature incurred in a preceding taxation year that was a qualified expenditure incurred in that preceding year in respect of scientific research and experimental development for the purposes of section 127, or (iii) an amount included because of paragraph 127(13)(e) in the taxpayer’s SR&ED qualified expenditure pool at the end of a preceding taxation year within the meaning assigned by subsection 127(9), (f) the total of all amounts each of which is an amount deducted under this subsection in computing the taxpayer’s income for a preceding taxation year, except amounts described in subsection 37(6), (f.1) the total of all amounts each of which is the lesser of (i) the amount deducted under section 61.3 in computing the taxpayer’s income for a preceding taxation year, and (ii) the amount, if any, by which the amount that was deductible under this subsection in computing the taxpayer’s income for that preceding year exceeds the amount claimed under this subsection in computing the taxpayer’s income for that preceding year, (g) the total of all amounts each of which is an amount equal to twice the amount claimed under subparagraph 194(2)(a)(ii) by the taxpayer for the year or any preceding taxation year, and (h) if the taxpayer was subject to a loss restriction event before the end of the year, the amount determined for the year under subsection (6.1) with respect to the taxpayer. Business of related corporations (1.1) Notwithstanding paragraph 37(8)(c), for the purposes of subsection 37(1), where a taxpayer is a corporation, scientific research and experimental development, related to a business carried on by another corporation to which the taxpayer is related (otherwise than by reason of a right referred to in paragraph 251(5)(b)) and in which that other corporation is actively engaged, at the time at which an expenditure or payment in respect of the scientific research and experimental development is made by the taxpayer, shall be considered to be related to a business of the taxpayer at that time. Deemed time of capital expenditure (1.2) For the purposes of paragraph 37(1)(b), an expenditure made by a taxpayer in respect of property shall be deemed not to have been made before the property is considered to have become available for use by the taxpayer. SR&ED in the exclusive economic zone (1.3) For the purposes of this section and section 127 of this Act and Part XXIX of the Income Tax Regulations, an expenditure is deemed to have been made by a taxpayer in Canada if the expenditure is (a) made by the taxpayer in the course of a business carried on by the taxpayer in Canada; and (b) made for the prosecution of scientific research and experimental development in the exclusive economic SUBDIVISION B Income or Loss from a Business or Property zone of Canada, within the meaning of the Oceans Act, or in the airspace above that zone or the seabed or subsoil below that zone. Salary or wages for SR&ED outside Canada (1.4) For the purposes of this section, section 127 and Part XXIX of the Income Tax Regulations, the amount of a taxpayer's expenditure for a taxation year determined under subsection (1.5) is deemed to be made in the taxation year in respect of scientific research and experimental development carried on in Canada by the taxpayer. Salary or wages outside Canada — limit determined (1.5) The amount of a taxpayer's expenditure for a taxation year determined under this subsection is the lesser of (a) the amount that is the total of all expenditures each of which is an expenditure made by the taxpayer, in the taxation year and after February 25, 2008, in respect of an expense incurred in the taxation year for salary or wages paid to the taxpayer's employee who was resident in Canada at the time the duties were performed, in respect of scientific research and experimental development, (i) that was carried on outside Canada, (ii) that was directly undertaken by the taxpayer, (iii) that related to a business of the taxpayer, and (iv) that was solely in support of scientific research and experimental development carried on in Canada by the taxpayer, and (b) the amount that is 10 per cent of the total of all expenditures, made by the taxpayer in the year, each of which would, if this Act were read without reference to subsection (1.4), be an expenditure made in respect of an expense incurred in the year for salary or wages paid to an employee in respect of scientific research and experimental development that was carried on in Canada, that was directly undertaken by the taxpayer and that related to a business of the taxpayer. Research outside Canada
Cost of property or service Interpretation — subsection (1) Impôt sur le revenu
In computing the income of a taxpayer for a taxation year from a business of the taxpayer, there may be deducted expenditures of a current nature made by the taxpayer in the year (a) on scientific research and experimental development carried on outside Canada, directly undertaken by or on behalf of the taxpayer, and related to the business (except to the extent that subsection (1.4) deems the expenditures to have been made in Canada); or (b) by payments to an approved association, university, college, research institute or other similar institution to be used for scientific research and experimental development carried on outside Canada related to the business provided that the taxpayer is entitled to exploit the results of that scientific research and experimental development. Minister may obtain advice
The Minister may obtain the advice of the Department of Industry, the National Research Council of Canada, the Defence Research Board or any other agency or department of the Government of Canada carrying on activities in the field of scientific research as to whether any particular activity constitutes scientific research and experimental development. Where no deduction allowed under section
No deduction may be made under this section in respect of an expenditure made to acquire rights in, or arising out of, scientific research and experimental development. Where no deduction allowed under ss. 110.1 and 118.1
Where, in respect of an expenditure on scientific research and experimental development made by a taxpayer in a taxation year, an amount is otherwise deductible under this section and under section 110.1 or 118.1, no deduction may be made in respect of the expenditure under section 110.1 or 118.1 in computing the taxable income of, or the tax payable by, the taxpayer for any taxation year.
a) la dette était une dette commerciale, au sens du paragraphe 80(1), émise par le débiteur; b) il n’était pas tenu compte d’un montant inclus dans le calcul du revenu (autrement que par l’effet de l’alinéa 6(1)a)) en raison du règlement ou de l’extinction de la dette; c) il n’était pas tenu compte des alinéas f) et h) de l’élément B de la formule figurant à la définition de montant remis au paragraphe 80(1); d) il n’était pas tenu compte des alinéas 80(2)b) et q). Coût d’un bien ou d’un service (1.3) Dans la mesure où il entre dans le calcul de la somme à inclure, en application du présent article, dans le calcul du revenu d’un contribuable pour une année d’imposition, le coût d’achat d’un bien ou d’un service pour une personne ou un montant payable par elle pour la location d’un bien comprend la taxe payable par la personne relativement au bien ou au service ou qui aurait été payable si la personne n’avait pas été exonérée du paiement de cette taxe en raison de sa nature ou de l’usage auquel le bien ou le service est destiné. Interprétation — paragraphe (1) (1.4) Les règles ci-après s’appliquent au présent paragraphe et au paragraphe (1) : a) est un actionnaire pressenti d’une société : (i) la personne ou la société de personnes à laquelle un avantage est conféré par la société du fait qu’elle est pressentie pour devenir un actionnaire de la société, (ii) l’associé d’une société de personnes auquel un avantage est conféré par la société du fait que la société de personnes est pressentie pour devenir un actionnaire de la société; b) la personne ou la société de personnes qui est, ou qui est réputée être aux termes du présent alinéa, un associé d’une société de personnes membre d’une société de personnes membre d’une autre société de personnes est réputée être un associé de cette dernière société de personnes; c) l’avantage conféré par une société à un particulier est un avantage conféré à un actionnaire de la société, à un associé d’une société de personnes actionnaire de la société ou à un actionnaire pressenti de la société — (e) [Repealed, 2018, c. 27, s. 2] sauf dans la mesure où le montant ou la valeur de l’avantage est inclus dans le calcul du revenu du particulier ou d’une autre personne — si le particulier est un particulier, autre qu’une fiducie exclue relativement à la société, qui a un lien de dépendance avec l’actionnaire, l’associé ou l’actionnaire pressenti, le cas où, lui est affilié; (d) pour l’application de l’alinéa c), est une fiducie exclue relativement à une société la fiducie dans laquelle aucun particulier (sauf une fiducie exclue relativement à la société) qui a un lien de dépendance avec un actionnaire de la société, associé d’une société de personnes actionnaire de la société ou un actionnaire pressenti de la société, ou lui est affilié, n’a de droit de bénéficiaire. (e) [Abrogé, 2018, ch. 27, art. 2] Division de sociétés assujetties à des lois étrangères (1.5) Si une société non-résidente (appelée « société d’origine » au présent paragraphe) régie par les lois d’une juridiction étrangère fait l’objet d’une division en vertu de ces lois, et que la division a pour conséquence que les biens ou les dettes de la société d’origine deviennent les biens ou les dettes d’une ou de plusieurs sociétés non-résidentes (chacune étant appelée « nouvelle société » au présent paragraphe) et que, par suite de cette division, un actionnaire de la société d’origine acquiert une ou plusieurs actions (appelées « nouvelles actions » au présent paragraphe) du capital-actions d’une nouvelle société à un moment donné, les règles ci-après s’appliquent : (a) sauf dans la mesure où l’un des sous-alinéas (1)a.1)(i) à (iii) ou l’alinéa (1)b) s’applique (compte non tenu du présent paragraphe) à l’acquisition des nouvelles actions : (i) dans le cas où, pour chaque catégorie d’actions du capital-actions de la société d’origine dont l’actionnaire détient des actions immédiatement avant la division, les actionnaires de cette catégorie reçoivent, au moment donné, en proportion de leur participation relativement à toutes les actions (appelées « actions d’origine » au présent paragraphe) de cette catégorie, des nouvelles actions, les règles ci-après s’appliquent : (A) au moment donné, la société d’origine est réputée avoir distribué, et l’actionnaire avoir reçu, à titre de dividende en nature relativement aux actions d’origine, les nouvelles actions acquises par l’actionnaire au moment donné, Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of section 13, an amount claimed under subsection (1) that may reasonably be considered to be in respect of a property described in paragraph (1)(b), as that paragraph read in its application in respect of the property, is deemed to be an amount allowed to the taxpayer in respect of the property under regulations. SUBDIVISION B Income or Loss from a Business or Property made under paragraph 20(1)(a), and for that purpose the property is deemed to be of a separate prescribed class. Loss restriction event (6.1) If a taxpayer was, at any time (in this subsection referred to as “that time”) before the end of a taxation year of the taxpayer, last subject to a loss restriction event, the amount determined for the purposes of paragraph (1)(h) for the year with respect to the taxpayer in respect of a business is the amount, if any, by which (a) the amount, if any, by which (i) the total of all amounts each of which is (A) an expenditure described in paragraph (1)(a) or (c) that was made by the taxpayer before that time, (B) the lesser of the amounts determined immediately before that time in respect of the taxpayer under subparagraphs (1)(b)(i) and (ii), as those paragraphs read on March 29, 2012, in respect of expenditures made, and property acquired, by the taxpayer before 2014, or (C) an amount determined in respect of the taxpayer under paragraph (1)(c.1) for its taxation year that ended immediately before that time exceeds the total of all amounts each of which is (ii) the total of all amounts determined in respect of the taxpayer under paragraphs (1)(d) to (g) for its taxation year that ended immediately before that time, or (iii) the amount deducted under subsection (1) in computing the taxpayer’s income for its taxation year that ended immediately before that time (i) if the business to which the amounts described in any of clauses (a)(i)(A) to (C) can reasonably be considered to have been related was carried on by the taxpayer for profit or with a reasonable expectation of profit throughout the year, the total of (A) the taxpayer’s income for the year from the business before making any deduction under subsection (1), and (B) if properties were sold, leased, rented or developed, or services were rendered, in the course of carrying on the business before that time, the taxpayer’s income for the year, before making any deduction under subsection (1), from any other business substantially all the income of which was derived from the sale, leasing, rental or development, as the case may be, of similar properties or the rendering of similar services, and (ii) the total of all amounts each of which is an amount determined in respect of a preceding taxation year of the taxpayer that ended after that time equal to the lesser of (A) the amount determined under subparagraph (i) with respect to the taxpayer in respect of the business for that preceding year, and (B) the amount in respect of the business deducted under subsection (1) in computing the taxpayer’s income for that preceding year.
Shareholder debt (a) a shareholder of a particular corporation, Impôt sur le revenu
In this section, approved means approved by the Minister after the Minister has, if the Minister considers it necessary, obtained the advice of the Department of Industry or the National Research Council of Canada. (agréé) (a) references to expenditures on or in respect of scientific research and experimental development (i) where the references occur in subsection 37(2), include only (A) expenditures each of which was an expenditure incurred for and all or substantially all of which was attributable to the prosecution of scientific research and experimental development, and (B) expenditures of a current nature that were directly attributable, as determined by regulation, to the prosecution of scientific research and experimental development, (ii) where the references occur other than in subsection 37(2), include only (A) expenditures incurred by a taxpayer in a taxation year (other than a taxation year for which the taxpayer has elected under clause (B)), each of which is (I) an expenditure of a current nature all or substantially all of which was attributable to the prosecution, or to the provision of premises, facilities or equipment for the prosecution, of scientific research and experimental development in Canada, or (II) an expenditure of a current nature directly attributable, as determined by regulation, to the prosecution, or to the provision of premises, facilities or equipment for the prosecution, of scientific research and experimental development in Canada, and (B) where a taxpayer has elected in prescribed form and in accordance with subsection 37(10) for a taxation year, expenditures incurred by the taxpayer in the year each of which is (II) an expenditure of a current nature for the prosecution of scientific research and experimental development in Canada directly undertaken on behalf of the taxpayer, (IV) that portion of an expenditure made in respect of an expense incurred in the year for salary or wages of an employee who is directly engaged in scientific research and experimental development in Canada that can reasonably be considered to relate to such work having regard to the time spent by the employee thereon, and, for this purpose, where that portion is all or substantially all of the expenditure, that portion shall be deemed to be the amount of the expenditure, or (V) the cost of materials consumed or transformed in the prosecution of scientific research and experimental development in Canada, or (b) for greater certainty, references to scientific research and experimental development related to a business include any scientific research and experimental development that may lead to or facilitate an extension of that business; (c) except in the case of a taxpayer who derives all or substantially all of the taxpayer’s revenue from the prosecution of scientific research and experimental development (including the sale of rights arising out of scientific research and experimental development carried on by the taxpayer), the prosecution of scientific research and experimental development shall not be considered to be a business of the taxpayer to which scientific research and experimental development is related; and (d) references to expenditures of a current nature include any expenditure made by a taxpayer other than an expenditure made by the taxpayer for (i) the acquisition from a person or partnership of a property that is a capital property of the taxpayer, or (ii) the use of, or the right to use, property that would be capital property of the taxpayer if it were owned by the taxpayer. (a) does not include, for the purposes of clauses (8)(a)(ii)(A) and (B), remuneration based on profits or a bonus, where the remuneration or bonus, as the case may be, is in respect of a specified employee of the taxpayer, and (b) includes, for the purpose of paragraph (1.5)(a), an amount paid in respect of an expense incurred for salary or wages paid to an employee only if the taxpayer reasonably believes that the salary or wages is not subject to an income or profits tax imposed, because of the employee’s presence or activity in a country other than Canada, by a government of that other country. (9.1) For the purposes of clauses (8)(a)(ii)(A) and (B), expenditures incurred by a taxpayer in a taxation year do not include expenses incurred in the year in respect of SUBDIVISION B Income or Loss from a Business or Property salary or wages of a specified employee of the taxpayer to the extent that those expenses exceed the amount determined by the formula A is 5 times the Year’s Maximum Pensionable Earnings (as determined under section 18 of the Canada Pension Plan) for the calendar year in which the taxation year ends; and B is the number of days in the taxation year on which the employee is a specified employee of the taxpayer. Associated corporations (a) in a taxation year of a corporation that ends in a calendar year, the corporation employs an individual who is a specified employee of the corporation, (b) the corporation is associated with another corporation (in this subsection and subsection 37(9.3) referred to as the “associated corporation”) in a taxation year of the associated corporation that ends in the calendar year, and (c) the individual is a specified employee of the associated corporation in the taxation year of the associated corporation that ends in the calendar year, for the purposes of clauses (8)(a)(ii)(A) and (B), the expenditures incurred by the corporation in its taxation year or years that end in the calendar year and by each associated corporation in its taxation year or years that end in the calendar year do not include expenses incurred in those taxation years in respect of salary or wages of the specified employee unless the corporation and all of the associated corporations have filed with the Minister an agreement referred to in subsection 37(9.3) in respect of those years. Agreement among associated corporations (9.3) Where all of the members of a group of associated corporations of which an individual is a specified employee file, in respect of their taxation years that end in a particular calendar year, an agreement with the Minister in which they allocate an amount in respect of the individual to one or more of them for those years and the amount so allocated or the total of the amounts so allocated, as the case may be, does not exceed the amount determined by the formula is 5 times the Year’s Maximum Pensionable Earnings (as determined under section 18 of the Canada Pension Plan) for the particular calendar year, and is the lesser of 365 and the number of days in those taxation years on which the individual was a specified employee of one or more of the corporations, the maximum amount that may be claimed in respect of salary or wages of the individual for the purposes of clauses (8)(a)(ii)(A) and (B) by each of the corporations for each of those years is the amount so allocated to it for each of those years. (9.4) An agreement referred to in subsection 37(9.3) is deemed not to have been filed by a taxpayer unless (a) it is in prescribed form; and (b) where the taxpayer is a corporation, it is accompanied by (i) where its directors are legally entitled to administer its affairs, a certified copy of their resolution authorizing the agreement to be made, and (ii) where its directors are not legally entitled to administer its affairs, a certified copy of the document by which the person legally entitled to administer its affairs authorized the agreement to be made. Deemed corporation (b) partnership of which a majority-interest partner is (i) an individual related to a particular corporation, or (ii) a corporation associated with a particular corporation, and (c) limited partnership of which a member whose liability as a member is not limited is (i) an individual related to a particular corporation, or (ii) a corporation associated with a particular corporation, is deemed to be a corporation associated with the particular corporation. SUBDIVISION B Income or Loss from a Business or Property Time for election
Any election made under clause (8)(a)(ii)(B) for a taxation year by a taxpayer shall be filed by the taxpayer on the day on which the taxpayer first files a prescribed form referred to in subsection 37(11) for the year.
A prescribed form must be filed by a taxpayer with the Minister in respect of any expenditure, that would be incurred by the taxpayer in a taxation year that begins after 1995 if this Act were read without reference to subsection 78(4), that is claimed by the taxpayer for the year as a deduction under this section, on or before the day that is 12 months after the taxpayer’s filing-due date for the taxation year, containing (a) prescribed information in respect of the expenditure; and (b) claim preparer information, as defined in subsection 162(5.3). (11.1) Subject to subsection (12), if the prescribed information in respect of an expenditure referred to in paragraph (11)(a) is not contained in the form referred to in subsection (11), no amount in respect of the expenditure may be deducted under subsection (1). Misclassified expenditures
If a taxpayer has not filed a prescribed form in respect of an expenditure in accordance with subsection 37(11), for the purposes of this Act, the expenditure is deemed not to be an expenditure on or in respect of scientific research and experimental development. Non-arm’s length contract — linked work
(B) le montant du dividende en nature reçu par l’actionnaire relativement à une action d’origine est réputé être égal à la juste valeur marchande, immédiatement après le moment donné, des nouvelles actions acquises par l’actionnaire au moment donné, relativement à l’action d’origine, (ii) dans le cas où le sous-alinéa (i) ne s’applique pas, la société d’origine est réputée, au moment donné, avoir conféré à l’actionnaire un avantage égal à la juste valeur marchande totale, à ce moment, des nouvelles actions acquises par l’actionnaire par suite de la division; b) le gain ou la perte de la société d’origine qui résulte de la distribution des nouvelles actions par suite de la division est réputé être nul; c) chaque bien de la société d’origine qui devient, à un moment quelconque (appelé « moment de la disposition » au présent alinéa), un bien de la nouvelle société par suite de la division est réputé être (i) d’une part, avoir fait l’objet d’une disposition par la société d’origine immédiatement avant le moment de la disposition pour un produit de disposition égal à la juste valeur marchande du bien, (ii) d’autre part, être acquis par la nouvelle société au moment de la disposition à un coût égal au montant déterminé selon le sous-alinéa (i) comme étant le produit de disposition par la société d’origine. Dette d’un actionnaire
For the purposes of this section and sections 127 and 127.1, where (a) work is performed by a taxpayer for a person or partnership at a time when the person or partnership does not deal at arm’s length with the taxpayer, and (b) the work would be scientific research and experimental development if it were performed by the person or partnership, the work is deemed to be scientific research and experimental development. SUBDIVISION B Income or Loss from a Business or Property
La personne ou la société de personnes — actionnaire d’une société donnée, personne ou société de personnes rattachée à un actionnaire ou associé d’une société de personnes, ou bénéficiaire d’une fiducie, qui est un tel actionnaire — qui, au cours d’une année d’imposition, obtient un prêt ou devient la débitrice (autrement qu’au moyen d’un prêt ou dette déterminé) de la société donnée, d’une autre société liée à celle-ci ou d’une société de personnes dont la société donnée ou une société liée à celle-ci est un associé, inclut le montant du prêt ou de la dette dans le calcul de son revenu pour l’année. Le présent paragraphe ne s’applique pas aux sociétés résidant au Canada ni aux sociétés de personnes dont chacun des associés est une société résidant au Canada. (a) a foreign affiliate of the particular corporation; or (d) either Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of subparagraphs (1)(a)(i.01) to (iii), the amount of a particular expenditure made by a taxpayer shall be reduced by the amount of any related expenditure of the person or partnership to whom the particular expenditure is made that is not an expenditure of a current nature of the person or partnership. Reporting of certain payments
Mergers (2.15) For the purposes of subsections (2.11) and (2.14), Impôt sur le revenu
If an expenditure is required to be reduced because of subsection (14), the person or the partnership referred to in that subsection is required to inform the taxpayer in writing of the amount of the reduction without delay if requested by the taxpayer and in any other case no later than 90 days after the end of the calendar year in which the expenditure was made. Taxable Capital Gains and Allowable Capital Losses
(a) subject to paragraphs (a.1) to (a.3), a taxpayer’s taxable capital gain for a taxation year from the disposition of any property is 1/2 of the taxpayer’s capital gain for the year from the disposition of the property; (a.1) a taxpayer’s taxable capital gain for a taxation year from the disposition of a property is equal to zero if (i) the disposition is the making of a gift to a qualified donee of a share, debt obligation or right listed on a designated stock exchange, a share of the capital stock of a mutual fund corporation, a unit of a mutual fund trust, an interest in a related segregated fund trust (within the meaning assigned by paragraph 138.1(1)(a)) or a prescribed debt obligation, (ii) the disposition is deemed by section 70 to have occurred and the property is (A) a security described in subparagraph (i), and (B) the subject of a gift to which subsection 118.1(5.1) applies and that is made by the taxpayer’s estate to a qualified donee, or (iii) the disposition is the exchange, for a security described in subparagraph (i), of a share of the capital stock of a corporation, which share included, at the time it was issued and at the time of the disposition, a condition allowing the holder to exchange it for the security, and the taxpayer (A) receives no consideration on the exchange other than the security, and (B) makes a gift of the security to a qualified donee not more than 30 days after the exchange, (a.2) a taxpayer’s taxable capital gain for a taxation year from the disposition of a property is equal to zero if (i) the disposition is the making of a gift to a qualified donee (other than a private foundation) of a property described, in respect of the taxpayer, in paragraph 110.1(1)(d) or in the definition total ecological gifts in subsection 118.1(1), or (ii) the disposition is deemed by section 70 to have occurred and the property is (A) described in subparagraph (i), and (B) the subject of a gift to which subsection 118.1(5.1) applies and that is made by the taxpayer’s estate to a qualified donee (other than a private foundation); (a.3) a taxpayer’s taxable capital gain for a taxation year, from the disposition of an interest in a partnership (other than a prescribed interest in a partnership) that would be an exchange described in subparagraph (a.1)(iii) if the interest were a share in the capital stock of a corporation, is equal to the lesser of (i) that taxable capital gain determined without reference to this paragraph, and SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses (ii) ½ of the amount, if any, by which (I) the cost to the taxpayer of the partnership interest, and (II) each amount required by subparagraph 53(1)(e)(iv) or (x) to be added in determining the taxpayer's adjusted cost base of the partnership interest, (B) the adjusted cost base to the taxpayer of the partnership interest (determined without reference to subparagraphs 53(2)(c)(iv) and (v)); (b) a taxpayer's allowable capital loss for a taxation year from the disposition of any property is 1/2 of the taxpayer's capital loss for the year from the disposition of that property; and (c) a taxpayer's allowable business investment loss for a taxation year from the disposition of any property is 1/2 of the taxpayer's business investment loss for the year from the disposition of that property. Tax-deferred transaction — flow-through shares
(a) if the transfer of the acquired property is part of a gifting arrangement (within the meaning assigned by section 237.1) or of a transaction or series of transactions to which subsection 98(3) applies, or the transferor is a person with whom the taxpayer was, at the time of the acquisition, not dealing at arm's length, there shall be added, at the time of the transfer, to the taxpayer's exemption threshold in respect of the flow-through share class of property, and deducted from the transferor's exemption threshold in respect of the flow-through share class of property, the amount determined by the formula A is the amount by which the transferor's exemption threshold in respect of the flow-through share class of property immediately before that time exceeds the capital gain, if any, of the transferor as a result of the transfer, and B is the proportion that the fair market value of the acquired property immediately before the transfer is of the fair market value of all property of the transferor immediately before the transfer that is included in the flow-through share class of property; and (b) if the transferor receives particular shares of the capital stock of the taxpayer as consideration for the acquired property and those particular shares are listed on a designated stock exchange or are shares of a mutual fund corporation, then for the purposes of this section and subsection 40(12) (i) the particular shares are deemed to be flow-through shares of the transferor, and (ii) there shall be added to the transferor's exemption threshold in respect of the flow-through share class of property that includes the particular shares the amount that is determined under paragraph (a) or that would be so determined if paragraph (a) applied to the taxpayer. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2011, c. 24, s. 4.
(a) those paragraphs apply only to that proportion of the taxpayer's capital gain in respect of the gift that the eligible amount of the gift is of the taxpayer's proceeds of disposition in respect of the gift; and (b) paragraph 38(a) applies to the extent that the taxpayer's capital gain in respect of the gift exceeds the amount of the capital gain to which paragraph 38(a.1) or (a.2) applies. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2013, c. 34, s. 182.
dans un document qu’ils présentent au ministre au plus tard à la date d’échéance de production qui est applicable à la société résidente pour l’année d’imposition de celle-ci dans laquelle prend fin l’exercice de la société de personnes canadienne admissible qui comprend ce moment. Choix produit en retard (2.12) Le choix prévu à l’alinéa (2.11)d) qui n’a pas été fait au plus tard à la date mentionnée à cet alinéa est réputé avoir été fait à cette date s’il est fait au plus tard le jour qui suit cette date de trois ans et si la pénalité relative au choix est payée par la société résidente au moment où le choix est fait. Pénalité pour choix produit en retard (2.13) Pour l’application du paragraphe (2.12), la pénalité relative au choix mentionné à ce paragraphe correspond au résultat de la multiplication de 100 $ par le nombre de mois ou de parties de mois compris dans la période commençant à la date où le choix devait être fait au plus tard selon l’alinéa (2.11)d) et se terminant à la date où il est fait. Société de personnes (2.14) Pour l’application du présent paragraphe, du paragraphe (2.11), de l’article 17.1 et du paragraphe 18(5), a) est une société de personnes canadienne admissible à un moment donné, relativement à une société résidente, toute société de personnes dont chaque membre est, à ce moment, ou bien la société résidente, ou bien une autre société résidant au Canada à laquelle la société résidente est liée à ce moment; b) toute personne ou société de personnes qui est, ou qui est réputée être en vertu du présent alinéa, un associé d’une société de personnes donnée qui est elle-même un associé d’une autre société de personnes est réputée être un associé de cette dernière. Fusions et liquidations (2.15) Pour l’application des paragraphes (2.11) et (2.14), a) en cas de fusion à laquelle le paragraphe 87(1) s’applique, la nouvelle société visée à ce paragraphe est réputée être la même société que chaque société remplacée visée à ce paragraphe et en être la continuation; b) en cas de liquidation à laquelle le paragraphe 88(1) s’applique, la société mère visée à ce paragraphe est Income Tax PART I Income Tax DIVISION B Computation of Income
(a) a taxpayer’s capital gain for a taxation year from the disposition of any property is the taxpayer’s gain for the year determined under this Subdivision (to the extent of the amount thereof that would not, if section 3 were read without reference to the expression “other than a taxable capital gain from the disposition of a property” in paragraph 3(a) and without reference to paragraph 3(b), be included in computing the taxpayer’s income for the year or any other taxation year) from the disposition of any property of the taxpayer other than (i.1) an object that the Canadian Cultural Property Export Review Board has determined meets the criterion set out in paragraph 29(3)(b) of the Cultural Property Export and Import Act if (A) the disposition is to an institution or a public authority in Canada that was, at the time of the disposition, designated under subsection 32(2) of that Act either generally or for a specified purpose related to that object, or (B) the disposition is deemed by section 70 to have occurred and the object is the subject of a gift to which subsection 118.1(5.1) applies and that is made by the taxpayer’s estate to an institution that would be described in clause (A) if the disposition were made at the time the estate makes the gift, (ii.2) a property if the disposition is a disposition to which subsection 142.4(4) or (5) or 142.5(1) applies, (iii) an insurance policy, including a life insurance policy, except for that part of a life insurance policy in respect of which a policyholder is deemed by paragraph 138.1(1)(e) to have an interest in a related segregated fund trust, SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses (v) an interest of a beneficiary under a qualifying environmental trust; (b) a taxpayer's capital loss for a taxation year from the disposition of any property is the taxpayer's loss for the year determined under this Subdivision (to the extent of the amount thereof that would not, if section 3 were read in the manner described in paragraph (a) of this subsection and without reference to the expression “or the taxpayer's allowable business investment loss for the year” in paragraph (d), be deductible in computing the taxpayer's income for the year or any other taxation year) from the disposition of any property of the taxpayer other than (ii) property described in any of subparagraphs 39(1)(a)(ii) to (iii) and (v); and (c) a taxpayer's business investment loss for a taxation year from the disposition of any property is the amount, if any, by which the taxpayer's capital loss for the year from a disposition after 1977 (i) to which subsection 50(1) applies, or (ii) to a person with whom the taxpayer was dealing at arm’s length of any property that is (iii) a share of the capital stock of a small business corporation, or (iv) a debt owing to the taxpayer by a Canadian-controlled private corporation (other than, where the taxpayer is a corporation, a debt owing to it by a corporation with which it does not deal at arm’s length) that is (A) a small business corporation, (B) a bankrupt that was a small business corporation at the time it last became a bankrupt, or (C) a corporation referred to in section 6 of the Winding-up and Restructuring Act that was insolvent (within the meaning of that Act) and was a small business corporation at the time a winding-up order under that Act was made in respect of the corporation, exceeds the total of (v) in the case of a share referred to in subparagraph 39(1)(c)(iii), the amount, if any, of the increase after 1977 by virtue of the application of subsection 85(4) in the adjusted cost base to the taxpayer of the share or of any share (in this subparagraph referred to as a “replaced share”) for which the share or a replaced share was substituted or exchanged, (vi) in the case of a share referred to in subparagraph 39(1)(c)(iii) that was issued before 1972 or a share (in this subparagraph and subparagraph 39(1)(c)(vii) referred to as a “substituted share”) that was substituted or exchanged for such a share or for a substituted share, the total of all amounts each of which is an amount received after 1971 and before or on the disposition of the share or an amount receivable at the time of such a disposition by (A) the taxpayer, (B) where the taxpayer is an individual, the taxpayer’s spouse or common-law partner, or (C) a trust of which the taxpayer or the taxpayer’s spouse or common-law partner was a beneficiary, as a taxable dividend on the share or on any other share in respect of which it is a substituted share, except that this subparagraph shall not apply in respect of a share or substituted share that was acquired after 1971 from a person with whom the taxpayer was dealing at arm’s length, (vii) in the case of a share to which subparagraph (vi) applies and where the taxpayer is a trust for which a day is to be, or has been, determined under paragraph 104(4)(a), or (a.4) by reference to a death or later death, as the case may be, the total of all amounts each of which is an amount received after 1971 or receivable at the time of the disposition, as a taxable dividend on the share or on any other share in respect of which it is a substituted share, by an individual whose death is that death or later death, as the case may be, or a spouse or common-law partner of the individual, and (viii) the amount determined in respect of the taxpayer under subsection 39(9) or 39(10), as the case may be. Foreign currency dispositions by an individual (1.1) If, because of any fluctuation after 1971 in the value of one or more currencies other than Canadian currency relative to Canadian currency, an individual (other than a trust) has made one or more particular gains or sustained one or more particular losses in a taxation year from dispositions of currency other than Canadian currency and the particular gains or losses would, in the absence of this subsection, be capital gains or losses described under subsection (1) (b) the amount determined by the following formula is deemed to be a capital gain of the individual for the year from the disposition of currency other than Canadian currency: A is the total of all the particular gains made by the individual in the year, B is the total of all the particular losses sustained by the individual in the year, and C is $200; and (c) the amount determined by the following formula is deemed to be a capital loss of the individual for the year from the disposition of currency other than Canadian currency: D is the total of all the particular losses sustained by the individual in the year, E is the total of all the particular gains made by the individual in the year, and F is $200. Foreign exchange capital gains and losses
(2.16) Subsection (2.17) applies at any time if (A) the existence of the specified right is required under the terms and conditions of the particular funding arrangement, or Impôt sur le revenu
If, because of any fluctuation after 1971 in the value of a currency other than Canadian currency relative to Canadian currency, a taxpayer has made a gain or sustained a loss in a taxation year (other than a gain or loss that would, in the absence of this subsection, be a capital gain or capital loss to which subsection (1) or (1.1) applies, or a gain or loss in respect of a transaction or event in respect of shares of the capital stock of the taxpayer) (a) the amount of the gain (to the extent of the amount of that gain that would not, if section 3 were read in the manner described in paragraph (1)(a), be included in computing the taxpayer’s income for the year or any other taxation year), if any, is deemed to be a capital gain of the taxpayer for the year from the disposition of currency other than Canadian currency; and (b) the amount of the loss (to the extent of the amount of that loss that would not, if section 3 were read in the manner described in paragraph (1)(a), be deductible in computing the taxpayer’s income for the year or any other taxation year), if any, is deemed to be a capital loss of the taxpayer for the year from the disposition of currency other than Canadian currency. Deemed gain — parked obligation (2.01) For the purposes of subsection (2), if a debt obligation owing by a taxpayer (referred to in this subsection and subsections (2.02) and (2.03) as the debtor) is denominated in a foreign currency and the debt obligation has become a parked obligation at a particular time, the debtor is deemed at that time to have made the gain, if any, that the debtor otherwise would have made if it had paid an amount at the particular time in satisfaction of the debt obligation equal to (a) if the debt obligation has become a parked obligation at the particular time as a result of its acquisition by the holder of the debt obligation, the amount paid by the holder to acquire the debt obligation; and (b) in any other case, the fair market value of the debt obligation at the particular time. Parked obligation (2.02) For the purposes of subsection (2.01), a debt obligation owing by a debtor is a parked obligation at a particular time if (a) both (i) at that time, the holder of the debt obligation does not deal at arm’s length with the debtor or, if the debtor is a corporation, has a significant interest in the debtor, and (ii) at any previous time, a person who held the debt obligation dealt at arm’s length with the debtor and, where the debtor is a corporation, did not have a significant interest in the debtor; and (b) it can reasonably be considered that one of the main purposes of the transaction or event or series of transactions or events that resulted in the debt obligation meeting the condition in subparagraph (a)(i) is to avoid the application of subsection (2). (a) paragraph 80(2)(g) applies for the purpose of determining whether two persons are related to each other or whether any person is controlled by any other person; and (b) paragraph 80.01(2)(b) applies for the purpose of determining whether a person has a significant interest in a corporation. Upstream loan — transitional set-off (2.1) If at any time a corporation resident in Canada or a partnership of which such a corporation is a member (such corporation or partnership referred to in this section and subsections (2.2) and (2.3) as the “borrowing party”) has received a loan or become indebted to, a creditor that is a foreign affiliate (referred to in this subsection and subsections (2.2) and (2.3) as a “creditor affiliate”) of a qualifying entity, or that is a partnership (referred to in this subsection and subsection (2.3) as a “creditor partnership”) of which such an affiliate is a member, and the loan or indebtedness is at a later time repaid, in whole or in part, the amount of the borrowing party’s capital gain or capital loss determined, in the absence of this subsection, under subsection (2) in respect of the repayment, is to be reduced (i) if the creditor is a creditor affiliate, by an amount, not exceeding that capital gain, that is equal to twice the amount that would — in the absence of subparagraph 40(2)(g)(ii) and paragraph 95(2)(g.04) and on the assumption that the creditor affiliate’s capital loss in respect of the repayment of the loan or indebtedness were a capital gain of the creditor affiliate, the creditor affiliate had no other income, loss, capital gain or capital loss for any taxation year, and no other foreign affiliate of a qualifying entity had any income, loss, capital gain or capital loss for any taxation year — be the total of all amounts each of which is an amount that would SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses be included in computing a qualifying entity's income under subsection 91(1) for its taxation year that includes the last day of the taxation year of the creditor affiliate that includes the later time, or (ii) if the creditor is a creditor partnership, by an amount, not exceeding that capital gain, that is equal to twice the amount that is the total of each amount, determined in respect of a particular member of the creditor partnership that is a foreign affiliate of a qualifying entity, that would — in the absence of subparagraph 40(2)(g)(ii) and paragraph 95(2)(g.04) and on the assumption that the creditor partnership's capital loss in respect of the repayment of the loan or indebtedness were a capital gain of the creditor partnership, the particular member had no other income, loss, capital gain or capital loss for any taxation year, and no other foreign affiliate of a qualifying entity had any income, loss, capital gain or capital loss for any taxation year — be the total of all amounts each of which is an amount that would be included in computing a qualifying entity's income under subsection 91(1) for its taxation year that includes the last day of the taxation year of the particular member that includes the last day of the creditor partnership's fiscal period that includes that later time; and (b) in the case of a capital loss (i) if the creditor is a creditor affiliate, by an amount, not exceeding that capital loss, that is equal to twice the amount, in respect of the creditor affiliate's capital gain in respect of the repayment of the loan or indebtedness, that would — in the absence of paragraph 95(2)(g.04) and on the assumption that the creditor affiliate had no other income, loss, capital gain or capital loss for any taxation year, and no other foreign affiliate of a qualifying entity had any income, loss, capital gain or capital loss for any taxation year — be the total of all amounts each of which is an amount that would be included in computing a qualifying entity's income under subsection 91(1) for its taxation year that includes the last day of the taxation year of the creditor affiliate that includes the later time, or (ii) if the creditor is a creditor partnership, by an amount, not exceeding that capital loss, that is equal to twice the amount, in respect of the creditor partnership's capital gain in respect of the repayment of the loan or indebtedness, that is the total of each amount, determined in respect of a particular member of the creditor partnership that is a foreign affiliate of a qualifying entity, that would — in the absence of paragraph 95(2)(g.04) and on the assumption that the particular member had no other income, loss, capital gain or capital loss for any taxation year, and no other foreign affiliate of a qualifying entity had any income, loss, capital gain or capital loss for any taxation year — be the total of all amounts each of which is an amount that would be included in computing a qualifying entity's income under subsection 91(1) for its taxation year that includes the last day of the taxation year of the particular member that includes the last day of the creditor partnership's fiscal period that includes the later time. Definition of qualifying entity (2.2) For purposes of subsections (2.1) and (2.3), qualifying entity means (a) in the case of a borrowing party that is a corporation, (i) the borrowing party, (ii) a corporation resident in Canada of which (A) the borrowing party is a subsidiary wholly-owned corporation, or (B) a corporation described in this paragraph is a subsidiary wholly-owned corporation, (iii) a corporation resident in Canada (A) each share of the capital stock of which is owned by (I) the borrowing party, or (II) a corporation that is described in this subparagraph or subparagraph (ii), or SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses (B) all or substantially all of the capital stock of which is owned by one or more corporations resident in Canada that are borrowing parties in respect of the creditor affiliate because of subsection 90(7), or (iv) a partnership each member of which is (A) a corporation described in any of subparagraphs (i) to (iii), or (B) another partnership described in this subparagraph; and (b) in the case of a borrowing party that is a partnership, (i) the borrowing party, (ii) if each member — determined as if each member of a partnership that is a member of another partnership is a member of that other partnership — of the borrowing party is either a particular corporation resident in Canada (in this paragraph referred to as the “parent”) or a corporation resident in Canada that is a subsidiary wholly-owned corporation, as defined in subsection 87(1.4), of the parent, (B) a corporation resident in Canada that is a subsidiary wholly-owned corporation, as defined in subsection 87(1.4), of the parent, or (iii) a partnership each member of which is any of (A) the borrowing party, (B) a corporation described in subparagraph (ii), and (C) another partnership described in this subparagraph. Upstream loan — transitional set-off election (2.3) Subsection (2.1) and paragraph 95(2)(g.04) do not apply in respect of a repayment, in whole or in part, of a loan or indebtedness if an election has been filed with the Minister before 2019 jointly by (b) if the creditor is a creditor affiliate, each qualifying entity of which the creditor affiliate is a foreign affiliate; and SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses (c) if the creditor is a creditor partnership, each qualifying entity of which a member of the creditor partnership is a foreign affiliate. Gain in respect of purchase of bonds, etc., by issuer
Where a taxpayer has issued any bond, debenture or similar obligation and has at any subsequent time in a taxation year and after 1971 purchased the obligation in the open market, in the manner in which any such obligation would normally be purchased in the open market by any member of the public, (a) the amount, if any, by which the amount for which the obligation was issued by the taxpayer exceeds the purchase price paid or agreed to be paid by the taxpayer for the obligation shall be deemed to be a capital gain of the taxpayer for the taxation year from the disposition of a capital property, and (b) the amount, if any, by which the purchase price paid or agreed to be paid by the taxpayer for the obligation exceeds the amount for which the obligation was issued by the taxpayer shall be deemed to be a capital loss of the taxpayer for the taxation year from the disposition of a capital property, to the extent that the amount determined under paragraph 39(3)(a) or 39(3)(b) would not, if section 3 were read in the manner described in paragraph 39(1)(a) and this Act were read without reference to subsections 80(12) and 80(13), be included or be deductible, as the case may be, in computing the taxpayer’s income for the year or any other taxation year. Election concerning disposition of Canadian securities
Except as provided in subsection 39(5), where a Canadian security has been disposed of by a taxpayer in a taxation year and the taxpayer so elects in prescribed form in the taxpayer’s return of income under this Part for that year, (a) every Canadian security owned by the taxpayer in that year or any subsequent taxation year shall be deemed to have been a capital property owned by the taxpayer in those years; and (b) every disposition by the taxpayer of any such Canadian security shall be deemed to be a disposition by the taxpayer of a capital property. Members of partnerships (4.1) For the purpose of determining the income of a taxpayer who is a member of a partnership, subsections 39(4) and 39(5) apply as if (a) every Canadian security owned by the partnership were owned by the taxpayer; and (b) every Canadian security disposed of by the partnership in a fiscal period of the partnership were disposed of by the taxpayer at the end of that fiscal period.
An election under subsection 39(4) does not apply to a disposition of a Canadian security by a taxpayer (other than a mutual fund corporation or a mutual fund trust) who at the time of the disposition is (b) a financial institution (as defined in subsection 142.2(1)), (f) a corporation whose principal business is the lending of money or the purchasing of debt obligations or a combination thereof, or or any combination thereof. Definition of Canadian security
Mécanisme de prêts adossés — application (2.16) Le paragraphe (2.17) s’applique à un moment donné si les énoncés ci-après se vérifient : a) à ce moment, une personne ou société de personnes (appelées emprunteur visé au présent paragraphe et aux paragraphes (2.17) à (2.192)) doit une somme au titre d’une dette ou autre obligation de payer une somme (appelée dette d’actionnaire au présent paragraphe et aux paragraphes (2.17) à (2.192)) à une personne ou société de personnes (appelées bailleur de fonds immédiat au présent paragraphe et aux paragraphes (2.17) à (2.192)); b) le paragraphe (2) ne s’appliquerait pas, en l’absence du présent paragraphe et du paragraphe (2.17), à la dette d’actionnaire; c) à ce moment, un bailleur de fonds, relativement à un mécanisme de financement donné : (i) soit doit une somme au titre d’une dette ou autre obligation de payer une somme (autre qu’une dette ou autre obligation à payer une somme à laquelle le paragraphe (2) s’appliquerait ou à laquelle le paragraphe s’appliquerait si elle n’était pas un prêt ou dette déterminé, au sens du paragraphe (2.11)) à une personne ou société de personnes à l’égard de laquelle l’un des énoncés ci-après s’applique : (A) il s’agit d’une dette ou autre obligation à l’égard de laquelle le recours est limité en tout ou en partie, dans l’immédiat ou pour l’avenir conditionnellement ou non, à un mécanisme de financement, (B) il est raisonnable de conclure que la totalité ou une partie du mécanisme de financement donné a été conclu, ou a été permis de demeurer en vigueur, soit pour l’un des motifs suivants : (I) la totalité ou une partie de la dette ou autre obligation a été contractée ou il a été permis qu’elle demeure à payer, (II) le bailleur de fonds prévoyait que la totalité ou une partie de la dette ou autre obligation deviendrait à payer ou qu’elle demeurerait, (ii) soit détient un droit particulier à l’égard d’un bien donné accordé directement ou indirectement par une personne ou société de personnes et (A) l’existence du droit particulier est requise aux termes et conditions du mécanisme de financement donné, ou (d) at that time, one or more funders is an ultimate funder. A × B/C - (D - E) where (ii) détient un droit déterminé qui est relatif à un bien donné qui a été accordé, directement ou indirectement, par une personne ou société de personnes, et à l’égard duquel l’un des énoncés ci-après se vérifie : (A) les modalités du mécanisme de financement donné prévoient l’existence du droit déterminé, (B) il est raisonnable de conclure que la totalité ou une partie du mécanisme de financement donné a été conclu, ou qu’il a été permis qu’il demeure en vigueur, pour l’un des motifs suivants : (I) le droit déterminé a été accordé, (II) le bailleur de fonds prévoyait que le droit déterminé serait accordé; d) à ce moment, au moins un bailleur de fonds est un bailleur de fonds ultime. Mécanisme de prêts adossés — conséquences (2.17) Si le présent paragraphe s’applique à un moment donné, l’emprunteur visé est réputé, pour l’application du présent article et de l’article 80.4, avoir reçu d’un montant égal de chaque bailleur de fonds ultime donné un prêt d’un montant égal à la somme obtenue par la formule suivante : A × B/C - (D - E) où : A représente la moins élevée des sommes suivantes : a) la somme qui est due au titre de la dette d’actionnaire au moment donné; b) le total de toutes sommes chacune représentée, au moment donné, par l’une des sommes suivantes : (i) une somme due au titre d’une dette ou autre obligation qui est due par un bailleur de fonds (sauf un bailleur de fonds ultime) à un bailleur de fonds ultime dans le cadre d’un mécanisme de financement relatif à la dette d’actionnaire, (ii) la juste valeur marchande d’un bien donné relativement auquel un bailleur de fonds ultime a accordé un droit déterminé à un bailleur de fonds (sauf un bailleur de fonds ultime) dans le cadre d’un mécanisme de financement relatif à la dette d’actionnaire; B le total des sommes dont chacune représente, au moment donné, l’une des sommes suivantes : a) une somme due au titre d’une dette ou autre obligation qui est due par un bailleur de fonds (sauf un bailleur de fonds ultime) au bailleur de Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this section, Canadian security means a security (other than a prescribed security) that is a share of the capital stock of a corporation resident in Canada, a unit of a mutual fund trust or a bond, debenture, bill, note, mortgage, hypothecary claim or similar obligation issued by a person resident in Canada. Unused share-purchase tax credit
(2.18) Subsection (2.19) applies in respect of an intended borrower and a particular ultimate funder at a particular time if (iii) either Impôt sur le revenu
The amount of any unused share-purchase tax credit of a taxpayer for a particular taxation year, to the extent that it was not deducted from the taxpayer’s tax otherwise payable under this Part for the immediately preceding taxation year, shall be deemed to be a capital loss of the taxpayer from a disposition of property for the year immediately following the particular taxation year. Unused scientific research and experimental development tax credit
The amount of any unused scientific research and experimental development tax credit of a taxpayer for a particular taxation year, to the extent that it was not deducted from the taxpayer’s tax otherwise payable under this Part for the immediately preceding taxation year, shall be deemed to be a capital loss of the taxpayer from a disposition of property for the year immediately following the particular taxation year, except that where the taxpayer is an individual the capital loss shall be deemed to be 147% of that amount. Deduction from business investment loss
In computing the business investment loss of a taxpayer who is an individual (other than a trust) for a taxation year from the disposition of a particular property, there shall be deducted an amount equal to the lesser of (a) the amount that would be the taxpayer’s business investment loss for the year from the disposition of that particular property if paragraph 39(1)(c) were read without reference to subparagraph 39(1)(c)(viii), and (b) the amount, if any, by which the total of (i) the total of all amounts each of which is twice the amount deducted by the taxpayer under section 110.6 in computing the taxpayer’s taxable income for a preceding taxation year that (B) begins after October 17, 2000, (i.1) the total of all amounts each of which is (A) 3/2 of the amount deducted under section 110.6 in computing the taxpayer’s taxable income for a preceding taxation year that (I) ended after 1987 and before 1990, or (II) began after February 27, 2000 and ended before October 18, 2000, or (B) the amount determined by multiplying the reciprocal of the fraction in paragraph 38(a) that applies to the taxpayer for each of the taxpayer’s taxation years that includes February 28, 2000 or October 18, 2000 by the amount deducted under section 110.6 in computing the taxpayer’s taxable income for that year, and (i.2) the total of all amounts each of which is 4/3 of the amount deducted under section 110.6 in computing the taxpayer’s taxable income for a preceding taxation year that ended after 1989 and before February 28, 2000 (ii) the total of all amounts each of which is an amount deducted by the taxpayer under paragraph 39(1)(c) by virtue of subparagraph 39(1)(c)(viii) in computing the taxpayer’s business investment loss (A) from the disposition of property in taxation years preceding the year, or (B) from the disposition of property other than the particular property in the year, except that, where a particular amount was included under subparagraph 14(1)(a)(v) in the taxpayer’s income for a taxation year that ended after 1987 and before 1990, the reference in subparagraph 39(9)(b)(i.1) to “3/2” shall, in respect of the part of any amount deducted under section 110.6 in respect of the particular amount, be read as “4/3”.
In computing the business investment loss of a trust for a taxation year from the disposition of a particular property, there shall be deducted an amount equal to the lesser of (a) the amount that would be the trust’s business investment loss for the year from the disposition of that particular property if paragraph 39(1)(c) were read without reference to subparagraph 39(1)(c)(viii), and (b) the amount, if any, by which the total of (i) the total of all amounts each of which is twice the amount designated by the trust under subsection 104(21.2) in respect of a beneficiary in its return of income for a preceding taxation year that (B) begins after October 17, 2000, (i.1) the total of all amounts each of which is (A) 3/2 of the amount designated by the trust under subsection 104(21.2) in respect of a beneficiary in its return of income for a preceding taxation year that (I) ended after 1987 and before 1990, or (II) began after February 27, 2000 and ended before October 18, 2000, or (B) the amount determined by multiplying the reciprocal of the fraction in paragraph 38(a) that applies to the trust for each of the trust’s taxation years that includes February 28, 2000 or October 18, 2000 by the amount designated by the trust under subsection 104(21.2) in respect of a beneficiary in its return of income for that year, (i.2) the total of all amounts each of which is 4/3 of the amount designated by the trust under subsection 104(21.2) in respect of a beneficiary in its return of income for a preceding taxation year that ended after 1989 and before February 28, 2000, (ii) the total of all amounts each of which is an amount deducted by the trust under paragraph 39(1)(c) by virtue of subparagraph 39(1)(c)(viii) in computing its business investment loss (A) from the disposition of property in taxation years preceding the year, or (B) from the disposition of property other than the particular property in the year, except that, where a particular amount was included under subparagraph 14(1)(a)(v) in the trust’s income for a taxation year that ended after 1987 and before 1990, the reference in subparagraph 39(10)(b.6)(i.1) to “3/2” shall, in respect of that portion of any amount deducted under section 110.6 in respect of the particular amount, be read as “4/3”. Recovery of bad debt
fonds ultime donné dans le cadre d’un mécanisme de financement relatif à une dette d’actionnaire; b) la juste valeur marchande d’un bien donné relativement auquel le bailleur de fonds ultime donné a accordé un droit déterminé à un bailleur de fonds (sauf un bailleur de fonds ultime) dans le cadre d’un mécanisme de financement relatif à la dette d’actionnaire; C le total déterminé selon l’alinéa b) de l’élément A; D le total des sommes dont chacune représente, relativement à la dette d’actionnaire, une somme que l’emprunteur visé est réputé par le présent paragraphe avoir reçue à titre de prêt du bailleur de fonds ultime donné avant le moment donné; E le total des remboursements réputés par les paragraphes (2.19) et (2.191) avoir été effectués avant le moment donné relativement à des prêts réputés reçus du bailleur de fonds ultime donné et qui sont mentionnés à l’élément D. Mécanisme de prêts adossés — remboursement réputé (2.18) Le paragraphe (2.19) s’applique relativement à un emprunteur visé et à un bailleur de fonds ultime donné à un moment donné si les énoncés ci-après se vérifient : a) à un moment antérieur au moment donné, le paragraphe (2.17) s’est appliqué relativement à une dette d’actionnaire pour qu’au moins un prêt soit réputé avoir été reçu par l’emprunteur visé du bailleur de fonds ultime donné; b) au moment donné, l’un des faits ci-après s’avère : (i) la totalité ou une partie d’une somme qui est due au titre de la dette d’actionnaire est remboursée, (ii) la totalité ou une partie d’une somme qui est due au titre d’une dette ou autre obligation qui est due au bailleur de fonds ultime donné par un bailleur de fonds (sauf un bailleur de fonds ultime) dans le cadre d’un mécanisme de financement relatif à la dette d’actionnaire est remboursée, (iii) l’un des énoncés ci-après se vérifie : (A) une diminution de la juste valeur marchande d’un bien relativement auquel le bailleur de fonds ultime donné a accordé un droit déterminé à un bailleur de fonds (sauf un bailleur de fonds ultime) dans le cadre d’un mécanisme de financement relatif à la dette d’actionnaire, (B) un droit visé à la clause (A) est éteint. A - B - C where D × E/F where d’un mécanisme de financement relatif à la dette d’actionnaire, E le total des sommes dont chacune représente, immédiatement après le moment donné, l’une des sommes suivantes : i) une somme due au titre d’une dette ou autre obligation qui est due par un bailleur de fonds (sauf un bailleur de fonds ultime) au bailleur de fonds ultime donné dans le cadre d’un mécanisme de financement relatif à la dette d’actionnaire, ii) la juste valeur marchande d’un bien donné relativement auquel le bailleur de fonds ultime donné a accordé un droit déterminé à un bailleur de fonds (sauf un bailleur de fonds ultime) dans le cadre d’un mécanisme de financement relatif à la dette d’actionnaire, F la somme déterminée selon le sous-alinéa (ii) de l’élément D. Montants négatifs (2.191) Si, en l’absence de l’article 257, la somme obtenue au moyen de la formule figurant au paragraphe (2.17) est un montant négatif à un moment donné, les règles ci-après s’appliquent : a) l’emprunteur visé est réputé, pour l’application du présent article, de l’alinéa 20(1)j), de l’article 80.4 et du paragraphe 227.6(1), rembourser la totalité ou une partie d’au moins un prêt réputé par le paragraphe (2.17) avoir été reçu par l’emprunteur visé du bailleur de fonds ultime donné avant le moment donné; b) le total des sommes réputées remboursées visées à l’alinéa a) est égal à la valeur absolue de ce montant négatif. Mécanismes de prêts adossés — définitions (2.192) Les définitions qui suivent s’appliquent au présent paragraphe et aux paragraphes (2.16) à (2.191). bailleur de fonds Relativement à un mécanisme de financement, les personnes suivantes : a) s’agissant d’un mécanisme de financement visé à l’alinéa a) de la définition de mécanisme de financement, le bailleur de fonds immédiat; b) s’agissant d’un mécanisme de financement visé à l’alinéa b) de la définition de mécanisme de financement, le créancier relativement à la dette ou autre Income Tax PART I Income Tax DIVISION B Computation of Income
Where an amount is received in a taxation year on account of a debt (in this subsection referred to as the “recovered amount”) in respect of which a deduction for bad debts had been made under subsection 20(4.2) in computing a taxpayer’s income for a preceding taxation year, the amount, if any, by which 1/2 of the recovered amount exceeds the amount determined under paragraph 12(1)(i.1) in respect of the recovered amount is deemed to be a taxable capital gain of the taxpayer from a disposition of capital property in the year. Guarantees (a) an amount was paid by a taxpayer in respect of a debt of a corporation under an arrangement under which the taxpayer guaranteed the debt, (b) the amount was paid to a person with whom the taxpayer was dealing at arm’s length, and (c) the corporation was a small business corporation (i) at the time the debt was incurred, and (ii) at any time in the 12 months before the time an amount first became payable by the taxpayer under the arrangement in respect of the debt of the corporation, that part of the amount that is owing to the taxpayer by the corporation shall be deemed to be a debt owing to the taxpayer by a small business corporation.
(b) each debt or other obligation or specified right, owing by or granted to a funder, in respect of a particular funding arrangement, if the debt or other obligation or specified right meets the conditions in subparagraph (2.16)(c)(i) or (ii) in respect of a funding arrangement. (mécanisme de financement) specified right has the same meaning as in subsection 18(5). (droit déterminé) When s. 15(2) not to apply — non-resident persons When s. 15(2) not to apply — ordinary lending business Interpretation — partnerships Impôt sur le revenu
The total of all amounts paid by a taxpayer in a taxation year each of which is (a) such part of any assistance described in subparagraph 53(2)(k)(i) in respect of, or for the acquisition of, a capital property (other than depreciable property) by the taxpayer that was repaid by the taxpayer in the year where the repayment is made after the disposition of the property by the taxpayer and under an obligation to repay all or any part of that assistance, or (b) an amount repaid by the taxpayer in the year in respect of a capital property (other than depreciable property) acquired by the taxpayer that is repaid after the disposition thereof by the taxpayer and that would have been an amount described in subparagraph 53(2)(k)(ii) had the repayment been made before the disposition of the property, shall be deemed to be a capital loss of the taxpayer for the year from the disposition of property by the taxpayer in the year. the year and, for the purpose of section 110.6, that property shall be deemed to have been disposed of by the taxpayer in the year. **exempt capital gains balance** of an individual for a taxation year that ends before 2005 in respect of a flow-through entity means the amount determined by the formula (a) if the entity is a trust referred to in any of paragraphs (f) to (j) of the definition flow-through entity in this subsection, the amount determined under paragraph 110.6(19)(c) in respect of the individual’s interest or interests therein, and (b) in any other case, the lesser of (i) 4/3 of the total of the taxable capital gains that resulted from elections made under subsection 110.6(19) in respect of the individual’s interests in or shares of the capital stock of the entity, and (ii) the amount that would be determined under subparagraph (i) if (A) the amount designated in the election in respect of each interest or share were equal to the amount determined by the formula D is the fair market value of the interest or share at the end of February 22, 1994, and E is the amount, if any, by which the amount designated in the election that was made in respect of the interest or share exceeds 11/10 of its fair market value at the end of February 22, 1994, and (B) this Act were read without reference to subsection 110.6(20), is the total of all amounts each of which is the amount by which the individual's capital gain for a preceding taxation year, determined without reference to subsection 39.1(2), from the disposition of an interest in or a share of the capital stock of the entity was reduced under that subsection, (i) 3/2 of the total of all amounts each of which is the amount by which the individual's taxable capital gain (determined without reference to this section), for a preceding taxation year that began after February 27, 2000 and ended before October 18, 2000 that resulted from a designation made under subsection 104(21) by the trust, was reduced under subsection (3), (ii) 4/3 of the total of all amounts each of which is the amount by which the individual's taxable capital gain (determined without reference to this section), for a preceding taxation year that ended before February 28, 2000 and that resulted from a designation made under subsection 104(21) by the trust, was reduced under subsection (3), (iii) the amount claimed by the individual under subparagraph 104(21.4)(a)(ii) or (21.7)(b)(ii) for a preceding taxation year, and (iv) twice the total of all amounts each of which is the amount by which the individual's taxable capital gain (determined without reference to this section) for a preceding taxation year that began after October 17, 2000 and that resulted from a designation made under subsection 104(21) by the trust, was reduced under subsection (3), (b) if the entity is a partnership, the total of (A) the total of all amounts each of which is the amount by which the individual's share of the partnership's taxable capital gains (determined without reference to this section), for its fiscal period that began after February 27, 2000 and ended before October 18, 2000, was reduced under subsection (4), and (B) the total of all amounts each of which is the amount by which the individual's share of the partnership's income from a business (determined without reference to this SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses section), for its fiscal period that began after February 27, 2000 and ended before October 18, 2000, was reduced under subsection (5), (A) the total of all amounts each of which is the amount by which the individual’s share of the partnership’s taxable capital gains (determined without reference to this section), for its fiscal period that ended before February 28, 2000 and in a preceding taxation year was reduced under subsection (4), and (B) the total of all amounts each of which is the amount by which the individual’s share of the partnership’s income from a business (determined without reference to this section), for its fiscal period that ended before February 28, 2000 and in a preceding taxation year, was reduced under subsection (5), (iii) the product obtained when the reciprocal of the fraction in paragraph 38(a) that applies to the partnership for its fiscal period that includes February 28, 2000 or October 17, 2000 is multiplied by the total of (A) the total of all amounts each of which is the amount by which the individual’s share of the partnership’s taxable capital gains (determined without reference to this section), for its fiscal period that includes February 28, 2000 or October 17, 2000 and ended in a preceding taxation year, was reduced under subsection (4), and (B) the total of all amounts each of which is the amount by which the individual’s share of the partnership’s income from a business (determined without reference to this section), for its fiscal period that includes February 28, 2000 or October 17, 2000 and ended in a preceding taxation year was reduced under subsection (5), and (A) the total of all amounts each of which is the amount by which the individual’s share of the partnership’s taxable capital gains (determined without reference to this section), for its fiscal period that began after October 17, 2000 and ended in a preceding taxation year, was reduced under subsection (4), and (B) the total of all amounts each of which is the amount by which the individual’s share of the partnership’s income from a business (determined without reference to this section), for its fiscal period that began after October 17, 2000 and ended in a preceding taxation year, was reduced under subsection (5), and (c) in any other case, the total of all amounts each of which is the amount by which the total of the individual's capital gains otherwise determined under subsection 130.1(4) or 131(1), subsections 138.1(3) and 138.1(4) or subsection 144(4), as the case may be, for a preceding taxation year in respect of the entity was reduced under subsection 39.1(6); and (a) if the entity is a trust described in any of paragraphs (g) to (j) of the definition flow-through entity in this subsection, the total of all amounts each of which is an amount included before the year in the cost to the individual of a property under subsection 107(2.2) or paragraph 144.7(1)(c) because of the individual's exempt capital gains balance in respect of the entity, and flow-through entity means (b) a mortgage investment corporation, (c) a mutual fund corporation, (e) a partnership, (f) a related segregated fund trust for the purpose of section 138.1, (g) a trust governed by an employees profit sharing plan, (h) a trust maintained primarily for the benefit of employees of a corporation or two or more corporations that do not deal at arm's length with each other, where one of the main purposes of the trust is to hold interests in, or for civil law rights in, shares of the capital stock of the corporation or corporations, as the case may be, or any corporation not dealing at arm's length therewith, (i) a trust established exclusively for the benefit of one or more persons each of whom was, at the time the trust was created, either a person from whom the trust received property or a creditor of that person, where one of the main purposes of the trust is to secure the payments required to be made by or on behalf of that person to such creditor, and (j) a trust all or substantially all of the properties of which consist of shares of the capital stock of a corporation, where the trust was established pursuant to an agreement between 2 or more shareholders of the corporation and one of the main purposes of the trust is to provide for the exercise of voting rights in respect of those shares pursuant to that agreement. (entité intermédiaire)
Where at any time after February 22, 1994 an individual disposes of an interest in or a share of the capital stock of a flow-through entity, the individual’s capital gain, if any, otherwise determined for a taxation year from the disposition shall be reduced by such amount as the individual claims, not exceeding the amount determined by the formula A is the exempt capital gains balance of the individual for the year in respect of the entity, SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses (a) if the entity made a designation under subsection 104(21) in respect of the individual for the year, twice the amount, if any, claimed under subsection 39.1(3) by the individual for the year in respect of the entity, (b) if the entity is a partnership, twice the amount, if any, claimed under subsection (4) by the individual for the year in respect of the entity, and (c) in any other case, the amount, if any, claimed under subsection 39.1(6) by the individual for the year in respect of the entity, and C is the total of all reductions under this subsection in the individual’s capital gains otherwise determined for the year from the disposition of other interests in or shares of the capital stock of the entity. Reduction of taxable capital gain
The taxable capital gain otherwise determined under subsection 104(21) of an individual for a taxation year as a result of a designation made under that subsection by a flow-through entity shall be reduced by such amount as the individual claims, not exceeding 1/2 of the individual’s exempt capital gains balance for the year in respect of the entity. Reduction in share of partnership’s taxable capital gains
An individual’s share otherwise determined for a taxation year of a taxable capital gain of a partnership from the disposition of a property (other than property acquired by the partnership after February 22, 1994 in a transfer to which subsection 97(2) applied) for its fiscal period that ends after February 22, 1994 and in the year shall be reduced by such amount as the individual claims, not exceeding the amount determined by the formula A is 1/2 of the individual’s exempt capital gains balance for the year in respect of the partnership, and B is the total of amounts claimed by the individual under this subsection in respect of other taxable capital gains of the partnership for that fiscal period.
c) une personne ou société de personnes qui ne traite pas avec une personne ou société de personnes visée à l’un des alinéas a) ou b). (funder) bailleur de fonds ultime Bailleur de fonds, dans le cas où le paragraphe (2) s’appliquerait à une dette d’actionnaire si le créancier relatif à la dette d’actionnaire était le bailleur de fonds plutôt que le bailleur de fonds immédiat. (ultimate funder) droit déterminé S’entend au sens du paragraphe 18(5). (specified right) mécanisme de financement Les droits ou créances suivants : a) la dette d’actionnaire; b) chaque dette ou autre obligation dont un bailleur de fonds est débiteur, ou chaque droit déterminé qui est accordé à un bailleur de fonds, relativement à un mécanisme de financement déterminé, si la dette ou autre obligation ou le droit déterminé satisfait à l’une des conditions énoncées aux sous-alinéas (2.16)c)(i) ou (ii) relativement à un mécanisme de financement. (funding arrangement) Inapplication du paragraphe 15(2) — personnes non-résidentes (2.2) Le paragraphe (2) ne s’applique pas aux dettes entre personnes non-résidentes. Inapplication du paragraphe 15(2) — entreprise de prêt (2.3) Le paragraphe (2) ne s’applique pas aux dettes contractées dans le cours normal des activités de l’entreprise du créancier ni aux prêts consentis dans le cours normal des activités de l’entreprise habituelle de prêt d’argent du prêteur (sauf une entreprise de prêt d’argent si, à un moment donné où le prêt est en souffrance, moins de 90 % du montant cumulatif impayé des prêts de l’entreprise sont dus par des emprunteurs qui n’ont pas de lien de dépendance avec le prêteur) dans le cas où, au moment où la dette a été contractée ou le prêt consenti, des arrangements sont conclus de bonne foi en vue du remboursement de la dette ou du prêt dans un délai raisonnable. Sociétés de personnes — interprétation (2.31) Pour l’application de ce paragraphe et du paragraphe (2.3) : Income Tax PART I Income Tax DIVISION B Computation of Income
The total capital gains otherwise determined under subsection 130.1(4) or 131(1), subsections 138.1(3) and 138.1(4) or subsection 144(4), as the case may be, of an individual for a taxation year as a result of one or more elections, allocations or designations made after February 22, 1994 by a flow-through entity shall be reduced by such amount as the individual claims, not exceeding the individual’s exempt capital gains balance for the year in respect of the entity.
When s. 15(2) not to apply — certain employees (d) in respect of an employee of the lender or creditor to enable or assist the employee to acquire a motor vehicle to be used by the employee in the performance of the duties of the employee’s office or employment, where When s. 15(2) not to apply — certain trusts When s. 15(2) not to apply — employee ownership trusts When s. 15(2) not to apply — repayment within one year Interest or dividend on income bond or debenture Automobile benefit Application of ss. (1), (2) and (5)
Notwithstanding subsection 39.1(1), where at any time an individual ceases to be a member or shareholder of, or a beneficiary under, a flow-through entity, the exempt capital gains balance of the individual in respect of the entity for each taxation year that begins after that time is deemed to be nil. General rules
[Repealed, 1998, c. 19, s. 75(3)]
(a) a taxpayer’s gain for a taxation year from the disposition of any property is the amount, if any, by which (i) if the property was disposed of in the year, the amount, if any, by which the taxpayer’s proceeds of disposition exceed the total of the adjusted cost base to the taxpayer of the property immediately before the disposition and any outlays and expenses to the extent that they were made or incurred by the taxpayer for the purpose of making the disposition, or (ii) if the property was disposed of before the year, the amount, if any, claimed by the taxpayer under subparagraph 40(1)(a)(iii) in computing the taxpayer’s gain for the immediately preceding year from the disposition of the property, (iii) subject to subsections (1.1) to (1.3), such amount as the taxpayer may claim (A) in the case of an individual (other than a trust) in prescribed form filed with the taxpayer’s return of income under this Part for the year, and (B) in any other case, in the taxpayer’s return of income under this Part for the year, as a deduction, not exceeding the lesser of (C) a reasonable amount as a reserve in respect of such of the proceeds of disposition of the property that are payable to the taxpayer after the end of the year as can reasonably be regarded as a portion of the amount determined under subparagraph 40(1)(a)(i) in respect of the property, and (D) an amount equal to the product obtained when 1/5 of the amount determined under subparagraph 40(1)(a)(i) in respect of the property is multiplied by the amount, if any, by which 4 exceeds the number of preceding taxation years of the taxpayer ending after the disposition of the property; and (b) a taxpayer’s loss for a taxation year from the disposition of any property is, (i) if the property was disposed of in the year, the amount, if any, by which the total of the adjusted cost base to the taxpayer of the property immediately before the disposition and any outlays and expenses to the extent that they were made or incurred by the taxpayer for the purpose of making the disposition, exceeds the taxpayer’s proceeds of disposition of the property, and Gift of non-qualifying security (1.01) A taxpayer’s gain for a particular taxation year from a disposition of a non-qualifying security of the taxpayer (as defined in subsection 118.1(18)) that is the making of a gift (other than an excepted gift, within the meaning assigned by subsection 118.1(19)) to a qualified donee (as defined in subsection 149.1(1)) is the amount, if any, by which (a) where the disposition occurred in the particular year, the amount, if any, by which the taxpayer’s proceeds of disposition exceed the total of the adjusted cost base to the taxpayer of the security immediately before the disposition and any outlays and expenses to the extent they were made or incurred by the taxpayer for the purpose of making the disposition, and (b) where the disposition occurred in the 60-month period that ends at the beginning of the particular year, the amount, if any, deducted under paragraph 40(1)(c) in computing the taxpayer’s gain for the SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses preceding taxation year from the disposition of the security exceeds (c) the amount that the taxpayer claims in prescribed form filed with the taxpayer’s return of income for the particular year, not exceeding the eligible amount of the gift, where the taxpayer is not deemed by subsection 118.1(13) to have made a gift of property before the end of the particular year as a consequence of a disposition of the security by the donee or as a consequence of the security ceasing to be a non-qualifying security of the taxpayer before the end of the particular year. Reserve — property disposed of to a child (1.1) In computing the amount that a taxpayer may claim under subparagraph (1)(a)(iii) in computing the taxpayer’s gain from the disposition of a property, that subparagraph shall be read as if the references in that subparagraph to “1/5” and “4” were references to “1/10” and “9” respectively, if (a) the property was disposed of by the taxpayer to the taxpayer’s child, (b) that child was resident in Canada immediately before the disposition, and (c) the property was immediately before the disposition, (i) any land in Canada or depreciable property in Canada of a prescribed class that was used by the taxpayer, the spouse or common-law partner of the taxpayer, a child or a parent of the taxpayer in a farming or fishing business carried on in Canada, (ii) a share of the capital stock of a family farm or fishing corporation of the taxpayer or an interest in a family farm or fishing partnership of the taxpayer (such a share or an interest having the meaning assigned by subsection 70(10)), or (iii) a qualified small business corporation share of the taxpayer (within the meaning assigned by subsection 110.6(1)). Reserve — intergenerational business transfers (1.2) In computing the amount that a taxpayer may claim under subparagraph (1)(a)(iii) on a disposition of shares of the capital stock of a corporation resident in Canada to another corporation, that subparagraph is to be read as if the references to “1/5” and “4” were SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses references to “1/10” and “9” respectively, if the conditions set out in subsection 84.1(2.31) or (2.32) are satisfied in respect of the disposition. Reserve — dispositions to employee ownership trusts (1.3) In computing the amount that a taxpayer may claim under subparagraph (1)(a)(iii) in computing the taxpayer’s gain from the disposition of a share of the capital stock of a qualifying business, that subparagraph is to be read as if the references in that subparagraph to “1/5” and “4” were references to “1/10” and “9” respectively, if the shares of the qualifying business were disposed of by the taxpayer to an employee ownership trust, or to a Canadian-controlled private corporation that is controlled and wholly-owned by an employee ownership trust, pursuant to a qualifying business transfer. (a) subparagraph 40(1)(a)(iii) does not apply to permit a taxpayer to claim any amount under that subparagraph in computing a gain for a taxation year if (i) the taxpayer, at the end of the year or at any time in the immediately following year, was not resident in Canada or was exempt from tax under any provision of this Part, (ii) the purchaser of the property sold is a corporation that, immediately after the sale, (A) was controlled, directly or indirectly, in any manner whatever, by the taxpayer, (B) was controlled, directly or indirectly, in any manner whatever, by a person or group of persons by whom the taxpayer was controlled, directly or indirectly, in any manner whatever, or (C) controlled the taxpayer, directly or indirectly, in any manner whatever, where the taxpayer is a corporation, or (iii) the purchaser of the property sold is a partnership in which the taxpayer was, immediately after the sale, a majority-interest partner; (b) where the taxpayer is an individual, the taxpayer’s gain for a taxation year from the disposition of a property that was the taxpayer’s principal residence at any time after the date (in this section referred to as the “acquisition date”) that is the later of December 31, 1971 and the day on which the taxpayer last acquired Restrictions SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses or reacquired it, as the case may be, is the amount determined by the formula A is the amount that would, if this Act were read without reference to this paragraph and subsections 110.6(19) and 110.6(21), be the taxpayer’s gain therefrom for the year, (i) if the taxpayer was resident in Canada during the year that includes the acquisition date, one plus the number of taxation years that end after the acquisition date for which the property is the taxpayer’s principal residence and during which the taxpayer was resident in Canada, or (ii) if it is not the case that the taxpayer was resident in Canada during the year that includes the acquisition date, the number of taxation years that end after the acquisition date for which the property was the taxpayer’s principal residence and during which the taxpayer was resident in Canada, C is the number of taxation years that end after the acquisition date during which the taxpayer owned the property whether jointly with another person or otherwise, and (i) if the acquisition date is before February 23, 1994 and the taxpayer or the taxpayer’s spouse or common-law partner elected under subsection 110.6(19) in respect of the property or an interest, or for civil law a right, therein that was owned, immediately before the disposition, by the taxpayer, 4/3 of the lesser of (A) the total of all amounts each of which is the taxable capital gain of the taxpayer or of their spouse or common-law partner that would have resulted from an election by the taxpayer or spouse or common-law partner under subsection 110.6(19) in respect of the property or the interest or right if (I) this Act were read without reference to subsection 110.6(20), and (II) the amount designated in the election were equal to the amount, if any, by which the fair market value of the property or the interest or right at the end of February 22, 1994 exceeds the amount determined by the formula E is the amount designated in the election that was made in respect of the property or the interest or right, and F is the fair market value of the property or the interest or right at the end of February 22, 1994, and (B) the total of all amounts each of which is the taxable capital gain of the taxpayer or of their spouse or common-law partner that would have resulted from an election that was made under subsection 110.6(19) in respect of the property or the interest or right if the property were the principal residence of neither the taxpayer nor the spouse or common-law partner for each particular taxation year unless the property was designated, in a return of income for the taxation year that includes February 22, 1994 or a preceding taxation year, to be the principal residence of either of them for the particular taxation year, and (c) where the taxpayer is an individual, the taxpayer’s gain for a taxation year from the disposition of land used in a farming business carried on by the taxpayer that includes property that was at any time the taxpayer’s principal residence is (i) the taxpayer’s gain for the year, otherwise determined, from the disposition of the portion of the land that does not include the property that was the taxpayer’s principal residence, plus the taxpayer’s gain for the year, if any, determined under paragraph 40(2)(b) from the disposition of the property that was the taxpayer’s principal residence, or (ii) if the taxpayer so elects in prescribed manner in respect of the land, the taxpayer’s gain for the year from the disposition of the land including the property that was the taxpayer’s principal residence, determined without regard to paragraph 40(2)(b) or subparagraph (j) of this paragraph, less the total of (A) $1,000, and (B) $1,000 for each taxation year ending after the acquisition date for which the property was the taxpayer's principal residence and during which the taxpayer was resident in Canada; (d) where the taxpayer is a corporation, its loss for a taxation year from the disposition of a bond or debenture is its loss therefrom for the year otherwise determined, less the total of such amounts received by it as, on account or in lieu of payment of, or in satisfaction of interest thereon as were, by virtue of paragraph 81(1)(m), not included in computing its income; (e.1) a particular taxpayer’s loss, if any, from the disposition at any time to a particular person or partnership of an obligation — other than, for the purposes of computing the exempt surplus or exempt deficit and taxable surplus or taxable deficit of the particular taxpayer in respect of another taxpayer, where the particular taxpayer or, if the particular taxpayer is a partnership, a member of the particular taxpayer is a foreign affiliate of the other taxpayer, an obligation that is, or would be, if the particular taxpayer were a foreign affiliate of the other taxpayer, excluded property (within the meaning assigned by subsection 95(1)) of the particular taxpayer — that was, immediately after that time, payable by another person or partnership to the particular person or partnership is nil if the particular taxpayer, the particular person or partnership and the other person or partnership are related to each other at that time or would be related to each other at that time if paragraph 80(2)(j) applied for the purpose of this paragraph; (e.2) subject to paragraph (e.3), a taxpayer’s loss on the settlement or extinguishment of a particular commercial obligation (in this paragraph having the meaning assigned by subsection 80(1)) issued by a person or partnership and payable to the taxpayer is deemed to be the amount determined by the following formula if any part of the consideration given by the person or partnership for the settlement or extinguishment of the particular obligation consists of one or more other commercial obligations issued by the person or partnership to the taxpayer: A is the amount, if any, that would be the taxpayer’s loss from the disposition of the particular obligation if this Act were read without reference to this paragraph, SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses B is the total fair market value of all the consideration given by the person or partnership for the settlement or extinguishment of the particular obligation, and C is the total fair market value of the other obligations; (e.3) paragraph (e.2) does not apply, for the purposes of computing the exempt surplus or exempt deficit and taxable surplus or taxable deficit of the taxpayer in respect of another taxpayer, where the taxpayer or, if the taxpayer is a partnership, a member of the taxpayer is a foreign affiliate of the other taxpayer, to the particular commercial obligation if the particular commercial obligation is, or would be, if the taxpayer were a foreign affiliate of the other taxpayer, excluded property (within the meaning assigned by subsection 95(1)) of the taxpayer; (i) a chance to win a prize or bet, or (ii) a right to receive an amount as a prize or as winnings on a bet, in connection with a lottery scheme or a pool system of betting referred to in section 205 of the Criminal Code is nil; (g) a taxpayer’s loss, if any, from the disposition of a property (other than, for the purposes of computing the exempt surplus or exempt deficit, hybrid surplus or hybrid deficit, and taxable surplus or taxable deficit of the taxpayer in respect of another taxpayer, where the taxpayer or, if the taxpayer is a partnership, a member of the taxpayer is a foreign affiliate of the other taxpayer, a property that is, or would be, if the taxpayer were a foreign affiliate of the other taxpayer, excluded property (within the meaning assigned by subsection 95(1)) of the taxpayer), to the extent that it is (ii) a loss from the disposition of a debt or other right to receive an amount, unless the debt or right, as the case may be, was acquired by the taxpayer for the purpose of gaining or producing income from a business or property (other than exempt income) or as consideration for the disposition of capital property to a person with whom the taxpayer was dealing at arm’s length, (iii) a loss from the disposition of any personal-use property of the taxpayer (other than listed personal property or a debt referred to in subsection 50(2)), (iv) a loss from the disposition of property to (A) a trust governed by a deferred profit sharing plan, an employees profit sharing plan, a FHSA, a registered disability savings plan, a registered retirement income fund or a TFSA, under which the taxpayer is a beneficiary or immediately after the disposition becomes a beneficiary, or (B) a trust governed by a registered retirement savings plan under which the taxpayer or the taxpayer's spouse or common-law partner is an annuitant or becomes, within 60 days after the end of the taxation year, an annuitant, is nil; (h) where the taxpayer is a corporation, its loss otherwise determined from the disposition at any time in a taxation year of shares of the capital stock of a corporation (this paragraph referred to as the "controlled corporation") that was controlled, directly or indirectly in any manner whatever, by it at any time in the year, is its loss otherwise determined less the amount, if any, by which (i) all amounts added under paragraph 53(1)(f.1) to the cost to a corporation, other than the controlled corporation, of property disposed of to that corporation by the controlled corporation that were added to the cost of the property during the period while the controlled corporation was controlled by the taxpayer and that can reasonably be attributed to losses on the property that accrued during the period while the controlled corporation was controlled by the taxpayer, (ii) all amounts by which losses have been reduced by virtue of this paragraph in respect of dispositions before that time of shares of the capital stock of the controlled corporation; and (i) where at a particular time a taxpayer has disposed of a share of the capital stock of a corporation that was at any time a prescribed venture capital corporation or a prescribed labour-sponsored venture capital corporation or a share of the capital stock of a taxable Canadian corporation that was held in a prescribed stock savings plan or of a property substituted for such a share, the taxpayer's loss from the disposition thereof shall be deemed to be the amount, if any, by which SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses (ii) the amount, if any, by which (A) the amount of prescribed assistance that the taxpayer (or a person with whom the taxpayer was not dealing at arm’s length) received or is entitled to receive in respect of the share (B) the total of all amounts determined under subparagraph 40(2)(g)(ii) in respect of any disposition of the share or of the property substituted for the share before the particular time by the taxpayer or by a person with whom the taxpayer was not dealing at arm’s length. Deemed gain where amounts to be deducted from adjusted cost base exceed cost plus amounts to be added to adjusted cost base (a) the total of all amounts required by subsection 53(2) (except paragraph 53(2)(c)) to be deducted in computing the adjusted cost base to a taxpayer of any property at any time in a taxation year (i) the cost to the taxpayer of the property determined for the purpose of computing the adjusted cost base to the taxpayer of that property at that time, and (ii) all amounts required by subsection 53(1) to be added to the cost to the taxpayer of the property in computing the adjusted cost base to the taxpayer of that property at that time, the following rules apply: (c) subject to paragraph 93(1)(b), the amount of the excess is deemed to be a gain of the taxpayer for the year from a disposition at that time of the property, (d) for the purposes of section 93 and subsections 116(6) and (6.1), the property is deemed to have been disposed of by the taxpayer at that time, and (e) for the purposes of subsection 2(3) and sections 110.6 and 150, the property is deemed to have been disposed of by the taxpayer in the year. Deemed gain for certain partners (3.1) Where, at the end of a fiscal period of a partnership, a member of the partnership is a limited partner of the partnership, or is a member of the partnership who was a specified member of the partnership at all times since becoming a member, except where the member’s partnership interest was held by the member on February 22, 1994 and is an excluded interest at the end of the fiscal period, (a) the amount determined under subsection 40(3.11) is deemed to be a gain from the disposition, at the end of the fiscal period, of the member’s interest in the partnership; and (b) for the purposes of subsection 2(3), section 110.6, subsections 116(6) and (6.1) and section 150, the interest is deemed to have been disposed of by the member at that time. Amount of gain (3.11) For the purpose of subsection 40(3.1), the amount determined at any time under this subsection in respect of a member’s interest in a partnership is the amount determined by the formula A is the total of (a) all amounts required by subsection 53(2) to be deducted in computing the adjusted cost base to the member of the interest in the partnership at that time, and (b) if the member is a member of a professional partnership, and that time is the end of the fiscal period of the partnership, the amount referred to in subparagraph 53(2)(c)(ii) in respect of the taxpayer for that fiscal period; and B is the total of (a) the cost to the member of the interest determined for the purpose of computing the adjusted cost base to the member of the interest at that time, (b) all amounts required by subsection 53(1) to be added to the cost to the member of the interest in computing the adjusted cost base to the member of the interest at that time, and (c) if the member is a member of a professional partnership and that time is the end of the fiscal period of the partnership, the amount referred to in subparagraph 53(1)(c)(ii) in respect of the taxpayer for that fiscal period. SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses in subparagraph 53(1)(e)(i) in respect of the taxpayer for that fiscal period. Meaning of professional partnership (3.111) In this section, professional partnership means a partnership through which one or more persons carry on the practice of a profession that is governed or regulated under a law of Canada or a province. Deemed loss for certain partners (3.12) If a corporation, an individual (other than a trust) or a graduated rate estate (each of which is referred to in this subsection as the “taxpayer”) is a member of a partnership at the end of a fiscal period of the partnership, the taxpayer is deemed to have a loss from the disposition at that time of the member’s interest in the partnership equal to the amount that the taxpayer elects in the taxpayer’s return of income under this Part for the taxation year that includes that time, not exceeding the lesser of (a) the amount, if any, by which (i) the total of all amounts each of which was an amount deemed by subsection 40(3.1) to be a gain of the taxpayer from a disposition of the interest before that time (ii) the total of all amounts each of which was an amount deemed by this subsection to be a loss of the taxpayer from a disposition of the interest before that time, and (b) the adjusted cost base to the taxpayer of the interest at that time. (3.13) For the purpose of applying section 53 at any time to a member of a partnership who would be a member described in subsection (3.1) of the partnership if the fiscal period of the partnership that includes that time ended at that time, where at any time after February 21, 1994 the member of the partnership makes a contribution of capital to the partnership and (a) the partnership or a person or partnership with whom the partnership does not deal at arm’s length (i) makes a loan to the member or to a person with whom the member does not deal at arm’s length, or the member's share of the partnership profits or partnership capital, or (b) the member or a person with whom the member does not deal at arm’s length becomes indebted to the partnership or a person or partnership with whom the partnership does not deal at arm’s length, and it is established, by subsequent events or otherwise, that the loan, payment or indebtedness, as the case may be, was made or arose as part of a series of contributions and such loans, payments or other transactions, the contribution of capital shall be deemed not to have been made. Specified member of a partnership (3.131) Where it can reasonably be considered that one of the main reasons that a member of a partnership was not a specified member of the partnership at all times since becoming a member of the partnership is to avoid the application of subsection 40(3.1) to the member’s interest in the partnership, the member is deemed for the purpose of that subsection to have been a specified member of the partnership at all times since becoming a member of the partnership. Limited partner (3.14) For the purpose of subsection 40(3.1), a member of a partnership at a particular time is a limited partner of the partnership at that time if, at that time or within 3 years after that time, (a) by operation of any law governing the partnership arrangement, the liability of the member as a member of the partnership is limited (except by operation of a provision of a statute of Canada or a province that limits the member’s liability only for debts, obligations and liabilities of the partnership, or any member of the partnership, arising from negligent acts or omissions, from misconduct or from fault of another member of the partnership or an employee, manager or a representative of the partnership in the course of the partnership business while the partnership is a limited liability partnership); (b) the member or a person not dealing at arm’s length with the member is entitled, either immediately or in the future and either absolutely or contingently, to receive an amount or to obtain a benefit that would be described in paragraph 96(2.2)(d) if that paragraph were read without reference to subparagraphs 40(3.14)(b)(ii) and 40(3.14)(b)(vi); (c) one of the reasons for the existence of the member who owns the interest (i) can reasonably be considered to be to limit the liability of any person with respect to that interest, and (ii) cannot reasonably be considered to be to permit any person who has an interest in the member to carry on the person’s business (other than an investment business) in the most effective manner; or (d) there is an agreement or other arrangement for the disposition of an interest in the partnership and one of the main reasons for the agreement or arrangement can reasonably be considered to be to attempt to avoid the application of this subsection to the member. Excluded interest (3.15) For the purpose of subsection 40(3.1), an excluded interest in a partnership at any time means an interest in a partnership that actively carries on a business that was carried on by it throughout the period that began on February 22, 1994 and ending at that time, or that earns income from a property that was owned by it throughout that period, unless in that period there was a substantial contribution of capital to the partnership or a substantial increase in the indebtedness of the partnership. Amounts considered not to be substantial (3.16) For the purpose of subsection 40(3.15), an amount will be considered not to be substantial where (i) was raised pursuant to the terms of a written agreement entered into by a partnership before February 22, 1994 to issue an interest in the partnership and was expended on expenditures contemplated by the agreement before 1995 (or before March 2, 1995 in the case of amounts expended to acquire a film production prescribed for the purpose of subparagraph 96(2.2)(d)(ii) the principal photography of which or, in the case of such a production that is a television series, one episode of the series, commences before 1995 and the production is completed before March 2, 1995, or an interest in one or more partnerships all or substantially all of the property of which is such a film production), (ii) was raised pursuant to the terms of a written agreement (other than an agreement referred to in subparagraph 40(3.16)(a)(i)) entered into by a partnership before February 22, 1994 and was expended on expenditures contemplated by the agreement before 1995 (or before March 2, 1995 in the case of amounts expended to acquire a film production prescribed for the purpose of subparagraph 96(2.2)(d)(ii) the principal photography of which or, in the case of such a production that is a television series, one episode of the series, commences before 1995 and the production is completed before March 2, 1995, or an interest in one or more partnerships all or substantially all of the property of which is such a film production), (iii) was used by the partnership before 1995 (or before March 2, 1995 in the case of amounts expended to acquire a film production prescribed for the purpose of subparagraph 96(2.2)(d)(ii) the principal photography of which or, in the case of such a production that is a television series, one episode of the series, commences before 1995 and the production is completed before March 2, 1995, or an interest in one or more partnerships all or substantially all of the property of which is such a film production) to make an expenditure required to be made pursuant to the terms of a written agreement entered into by the partnership before February 22, 1994; (iv) was used to repay a loan, debt or contribution of capital that had been received or incurred in respect of any such expenditure; (b) the amount was raised before 1995 pursuant to the terms of a prospectus, preliminary prospectus, offering memorandum or registration statement filed before February 22, 1994 with a public authority in Canada pursuant to and in accordance with the securities legislation of Canada or of a province and, where required by law, accepted for filing by the public authority, and expended before 1995 (or before March 2, 1995 in the case of amounts expended to acquire a film production prescribed for the purpose of subparagraph 96(2.2)(d)(ii), or an interest in one or more partnerships all or substantially all of the property of which is such a film production) on expenditures contemplated by the document that was filed before February 22, 1994; (c) the amount was raised before 1995 pursuant to the terms of an offering memorandum distributed as part of an offering of securities where (i) the memorandum contained a complete or substantially complete description of the securities contemplated in the offering as well as the terms and conditions of the offering, (ii) the memorandum was distributed before February 22, 1994, (iii) solicitations in respect of the sale of the securities contemplated by the memorandum were made before February 22, 1994, (iv) the sale of the securities was substantially in accordance with the memorandum, and (v) the funds are expended in accordance with the memorandum before 1995 (except that the funds may be expended before March 2, 1995 in the case of a partnership all or substantially all of the property of which is a film production prescribed for the purpose of subparagraph 96(2.2)(d)(ii) if the principal photography of which or, in the case of such a production that is a television series, one episode of the series, commences before 1995 and the production is completed before March 2, 1995, or an interest in one or more partnerships all or substantially all of the property of which is such a film production); or (d) the amount was used for an activity that was carried on by the partnership on February 22, 1994 but not for a significant expansion of the activity nor for the acquisition or production of a film production. Whether carrying on business before February 22, 1994 (3.17) For the purpose of subsection 40(3.15), a partnership in respect of which paragraph 40(3.16)(a), 40(3.16)(b) or 40(3.16)(c) applies shall be considered to have actively carried on the business, or earned income from the property, contemplated in the document referred to in that paragraph throughout the period beginning February 22, 1994 and ending on the earlier of the closing date, if any, stipulated in the document and January 1, 1995. Deemed partner (3.18) For the purpose of subsection 40(3.1), a member of a partnership who acquired an interest in the partnership after February 22, 1994 shall be deemed to have held the interest on February 22, 1994 where the member acquired the interest (a) in circumstances in which (ii) where the member is an individual, the member's spouse or common-law partner held the partnership interest on February 22, 1994, (iii) where the member is a trust, the taxpayer by whose will the trust was created held the partnership interest on February 22, 1994, and (iv) the partnership interest was, immediately before the death of the spouse or common-law partner or the taxpayer, as the case may be, an excluded interest; b) in circumstances in which (ii) the member's parent held the
Where a taxpayer has, after 1971, disposed of property to an individual in circumstances to which subsection 70(6) or 73(1) applied, for the purposes of computing the individual’s gain from the disposition of the property under paragraph 40(2)(b) or 40(2)(c), as the case may be, (a) the individual shall be deemed to have owned the property throughout the period during which the taxpayer owned it; (b) the property shall be deemed to have been the individual's principal residence (i) in any case where subsection 70(6) is applicable, for any taxation year for which it would, if the taxpayer had designated it in prescribed manner to have been the taxpayer's principal residence for that year, have been the taxpayer's principal residence, and (ii) in any case where subsection 73(1) is applicable, for any taxation year for which it was the taxpayer's principal residence; and (c) where the individual is a trust, the trust shall be deemed to have been resident in Canada during each taxation year during which the taxpayer was resident in Canada. Principal residence — property owned at end of 1981
Income Tax PART I Income Tax DIVISION B Computation of Income
Subject to subsection (6.1), if a property was owned by a taxpayer, whether jointly with another person or otherwise, at the end of 1981 and continuously from the beginning of 1982 until disposed of by the taxpayer, the amount of the gain determined under paragraph (2)(b) in respect of the disposition shall not exceed the amount, if any, by which the total of (a) the taxpayer's gain calculated in accordance with paragraph 40(2)(b) on the assumption that the taxpayer had disposed of the property on December 31, 1981 for proceeds of disposition equal to its fair market value on that date, and (b) the taxpayer's gain calculated in accordance with paragraph 40(2)(b) on the assumption that that paragraph applies and that (i) the taxpayer acquired the property on January 1, 1982 at a cost equal to its proceeds of disposition as determined under paragraph 40(6)(a), and (ii) the description of B in paragraph 40(2)(b) is read without reference to "one plus" (c) the amount, if any, by which the fair market value of the property on December 31, 1981 exceeds the proceeds of disposition of the property determined without reference to this subsection. Principal residence — property owned at end of 2016 (6.1) If a trust owns property at the end of 2016, the trust is not in its first taxation year that begins after 2016 a trust described in subparagraph (c.1)(iii.1) of the definition principal residence in section 54, the trust disposes of the property after 2016, the disposition is the trust’s first disposition of the property after 2016 and the trust owns the property, whether jointly with another person or otherwise, continuously from the beginning of 2017 until the disposition, (a) subsection (6) does not apply to the disposition; and (b) the trust’s gain determined under paragraph (2)(b) in respect of the disposition is the amount, if any, determined by the formula A is the trust’s gain calculated in accordance with paragraph (2)(b) on the assumption that (i) the trust disposed of the property on December 31, 2016 for proceeds of disposition equal to its fair market value on that date, and (ii) paragraph (a) did not apply in respect of the disposition described in subparagraph (i), B is the trust’s gain in respect of the disposition calculated in accordance with paragraph (2)(b) on the assumption that (i) the description of B in that paragraph is read without reference to “one plus”, and (ii) the trust acquired the property on January 1, 2017 at a cost equal to its fair market value on December 31, 2016, and C is the amount, if any, by which the fair market value of the property on December 31, 2016 exceeds the proceeds of disposition of the property determined without reference to this subsection. Property in satisfaction of interest in trust
Impôt sur le revenu
Where property has been acquired by a taxpayer in satisfaction of all or any part of the taxpayer’s capital interest in a trust, in circumstances to which subsection 107(2) applies and subsection 107(4) does not apply, for the purposes of paragraph 40(2)(b) and the definition principal residence in section 54 the taxpayer shall be deemed to have owned the property continuously since the trust last acquired it. Effect of election under subsection 110.6(19) (7.1) Where an election was made under subsection 110.6(19) in respect of a property of a taxpayer that was the taxpayer’s principal residence for the 1994 taxation year so that, in the taxpayer’s return of income for the taxation year in which the taxpayer disposes of the property or grants an option to acquire the property, is designated as the taxpayer’s principal residence, in determining, for the purposes of paragraph 40(2)(b) and subsections 40(4) to 40(7), the day on which the property was last acquired or reacquired by the taxpayer and the period throughout which the property was owned by the taxpayer this Act shall be read without reference to subsection 110.6(19).
The definitions in subsection 70(10) apply to this section. Additions to taxable Canadian property
If a non-resident person disposes of a taxable Canadian property (a) that the person last acquired before April 27, 1995, (b) that would not be a taxable Canadian property immediately before the disposition if section 115 were read as it applied to dispositions that occurred on April 26, 1995, and (c) that would be a taxable Canadian property immediately before the disposition if section 115 were read as it applied to dispositions that occurred on January 1, 1996, the person’s gain or loss from the disposition is deemed to be the amount determined by the formula A is the amount of the gain or loss determined without reference to this subsection; B is the number of calendar months in the period that begins with May 1995 and ends with the calendar month that includes the time of the disposition; and C is the number of calendar months in the period that begins with the calendar month in which the person last acquired the property and ends with the calendar month that includes the time of the disposition.
Subsection (11) applies in computing at any particular time a taxpayer’s gain or loss (in this subsection and SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses subsection (11) referred to as the “new gain” or “new loss”, as the case may be, in respect of any part (which in this subsection and subsection (11) is referred to as the “relevant part” and which may for greater certainty be the whole) of a foreign currency debt of the taxpayer, arising from a fluctuation in the value of the currency of the foreign currency debt (other than, for greater certainty, a gain or a capital loss that arises because of the application of subsection 111(12)), if at any time before the particular time the taxpayer realized a capital loss or gain in respect of the foreign currency debt because of subsection 111(12).
If this subsection applies, the new gain is the positive amount, or the new loss is the negative amount, as the case may be, determined by the formula (a) if the taxpayer would, but for any application of subsection 111(12), recognize a new gain, the amount of the new gain, determined without reference to this subsection, or (b) if the taxpayer would, but for any application of subsection 111(12), recognize a new loss, the amount of the new loss, determined without reference to this subsection, multiplied by (−1); B is the total of all amounts each of which is that portion of the amount of a capital loss realized by the taxpayer at any time before the particular time, in respect of the foreign currency debt and because of subsection 111(12), that is reasonably attributable to (b) the foreign amount, if any, (as defined in subsection 80(1)) in respect of the foreign currency debt at the particular time; and C is the total of all amounts each of which is that portion of the amount of a gain realized by the taxpayer at any time before the particular time, in respect of the foreign currency debt and because of subsection 111(12), that is reasonably attributable to (b) the foreign amount, if any, (as defined in subsection 80(1)) in respect of the foreign currency debt at the particular time. Donated flow-through shares
If at any time a taxpayer disposes of one or more capital properties that are included in a flow-through share class of property and subparagraph 38(a.1)(i) or (iii) applies to the disposition (in this subsection referred to as the “actual disposition”), then the taxpayer is deemed to have a capital gain from a disposition at that time of another capital property equal to the lesser of (a) the taxpayer’s exemption threshold at that time in respect of the flow-through share class of property, and (b) the total of all amounts each of which is a capital gain from the actual disposition (for greater certainty, calculated without reference to this subsection). Class 14.1 — transitional rules
L’excédent du principal d’un titre — obligation, effet, billet, hypothèque ou titre semblable — émis après le 20 décembre 1960 et avant le 19 juin 1971, par une personne exonérée d’impôt en vertu de l’article 149, par une personne qui ne réside pas au Canada et qui n’y exploite pas d’entreprise ou par un gouvernement, une municipalité ou un organisme public, municipal ou autre, exerçant des fonctions gouvernementales, sur la somme pour laquelle il a été émis doit être inclus dans le calcul du revenu du premier propriétaire du titre qui réside au Canada et n’est ni une personne exonérée d’impôt en vertu de l’article 149 ni un gouvernement, pour l’année d’imposition du propriétaire du titre pendant laquelle il en est devenu propriétaire, si les conditions suivantes sont réunies : a) le titre a été émis pour une somme inférieure à son principal; b) est inférieur à 5 % l’intérêt déclaré payable sur le titre, exprimé en pourcentage annuel : (i) du principal du titre, si aucune somme n’est payable sur le principal avant l’échéance du titre, (ii) de la somme restant à rembourser sur le principal du titre, dans les autres cas; c) le rendement du titre, exprimé en pourcentage annuel de la somme pour laquelle il a été émis (pourcentage annuel qui doit, si les conditions d’émission du titre ou les dispositions de toute convention y afférente confèrent au détenteur le droit d’exiger le paiement du principal du titre ou de la somme restant à rembourser sur ce principal, selon le cas, avant l’échéance de ce titre, être calculé en fonction du rendement qui permet d’obtenir le taux annuel le plus élevé possible soit à l’échéance du titre, soit sous réserve de l’exercice de tout droit de ce genre) dépasse le pourcentage annuel déterminé en vertu de l’alinéa b) de plus du 1/3 de ce pourcentage annuel.
Subsection (14) applies in respect of a disposition by a taxpayer of a property that is included in Class 14.1 of Schedule II to the Income Tax Regulations in respect of a business of the taxpayer if (a) the property was an eligible capital property of the taxpayer immediately before January 1, 2017; (b) the amount determined for Q in the definition cumulative eligible capital in subsection 14(5) in respect of the business immediately before January 1, 2017 is greater than nil; (c) the amount determined for B in that definition in respect of the business immediately before January 1, 2017 is nil; and Class 14.1 — transitional rules
If this subsection applies in respect of a disposition at any time by a taxpayer of a property, the taxpayer’s capital gain from the disposition is to be reduced by such amount as the taxpayer claims, not exceeding the amount by which SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses (a) 2/3 of the amount determined for Q in the definition cumulative eligible capital in subsection 14(5) in respect of the business immediately before 2017 exceeds (b) the total of all amounts each of which is an amount claimed under this subsection in respect of another disposition at or before that time. Class 14.1 — transitional rules
L’excédent du principal d’un titre — obligation, effet, billet, créance hypothécaire ou titre semblable — (sauf un titre qui constitue une créance visée par règlement pour l’application du paragraphe 12(9)) émis après le 18 juin 1971 par une personne exonérée d’impôt par l’effet de l’article 149, par une personne qui ne réside pas au Canada et qui n’y exploite pas d’entreprise ou par un gouvernement, une municipalité ou un organisme public, municipal ou autre exerçant des fonctions gouvernementales, sur la somme pour laquelle il a été émis est à inclure dans le calcul du revenu du premier propriétaire du titre qui réside au Canada, qui n’est ni un gouvernement ni une personne, par l’effet de l’article 149, exonérée de l’impôt prévu à la présente partie sur tout ou partie de son revenu imposable et pour lequel le titre est une immobilisation, pour l’année d’imposition au cours de laquelle il l’a acquis, si les conditions suivantes sont réunies : a) le titre a été émis pour une somme inférieure à son principal; b) le rendement du titre, exprimé en pourcentage annuel de la somme pour laquelle il a été émis (pourcentage annuel qui, si les modalités du titre ou les dispositions de toute convention y afférente donnaient au détenteur le droit d’exiger le paiement du principal du titre ou de la somme restant à rembourser sur ce principal, selon le cas, avant l’échéance de ce titre, être calculé en fonction du rendement qui permet d’obtenir le pourcentage annuel le plus élevé possible soit à l’échéance du titre, soit sous réserve de l’exercice de tout droit de ce genre) déposé les 4/3 de l’intérêt déclaré payable sur le titre, exprimé en pourcentage annuel : (i) du principal du titre, si aucune somme n’est payable sur le principal avant l’échéance du titre, (ii) de la somme restant à rembourser sur le principal du titre, dans les autres cas. Where s. (1) does not apply Idem Indexed debt obligations Non-application du par. (1)
Subsection (16) applies in respect of a disposition by an individual of a property that is included in Class 14.1 of Schedule II to the Income Tax Regulations in respect of a business of the individual if (a) the property was an eligible capital property of the individual immediately before January 1, 2017; and (b) the individual’s exempt gains balance in respect of the business is greater than nil for the taxation year that includes January 1, 2017. Class 14.1 — transitional rules
Le paragraphe (1) ne s’applique à aucune des sommes reçues par un contribuable au cours d’une année d’imposition : a) soit à titre de rente; b) soit en règlement de ses droits en vertu d’un contrat de rente. Idem
If this subsection applies in respect of a disposition at any time by an individual of a property, the individual’s capital gain from the disposition is to be reduced by such amount as the individual claims, not exceeding the amount by which (a) twice the amount of the individual’s exempt gains balance in respect of the business for the taxation year that includes January 1, 2017 (i) if paragraph 13(38)(d) applies in respect of the business for the individual’s taxation year that includes January 1, 2017, the amount determined for D in paragraph 14(1)(b) for the purposes of paragraph 13(38)(d), and (ii) the total of all amounts each of which is an amount claimed under this subsection in respect of another disposition at or before that time. Taxable net gain from disposition of listed personal property
Le paragraphe (1) ne s’applique pas lorsque le paragraphe (2) ou (3) est applicable. Titres de créance indexés
Sous réserve du paragraphe (7) et pour l’application de la présente loi, lorsque, au cours de l’année d’imposition d’un contribuable : a) le contribuable détient un droit dans un titre de créance indexé, les présomptions suivantes s’appliquent : (i) un montant déterminé selon les modalités réglementaires est réputé reçu et à recevoir par le contribuable au cours de l’année à titre d’intérêts sur le titre, (ii) un montant déterminé selon les modalités réglementaires est réputé payé et payable par le contribuable pour l’année à titre d’intérêts en exécution d’une obligation légale du contribuable de payer des intérêts sur de l’argent emprunté et utilisé pour tirer un revenu d’une entreprise ou d’un bien; b) un titre de créance indexé représente une dette du contribuable, les présomptions suivantes s’appliquent : (i) un montant déterminé selon les modalités réglementaires est réputé payable par le contribuable pour l’année à titre d’intérêts sur le titre, (ii) un montant déterminé selon les modalités réglementaires est réputé reçu et à recevoir par le contribuable au cours de l’année à titre d’intérêts sur le titre; c) le contribuable paie ou crédite une somme au titre d’un montant déterminé selon le sous-alinéa b)(ii) relativement à un titre de créance indexé, la somme est réputée représenter des intérêts payés ou crédités sur le titre. Impaired indexed debt obligations [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 16; 1994, c. 7, Sch. VIII, s. 7; c. 21, s. 10; 1998, c. 19, s. 78; 2001, c. 17, s. 200.] Leasing properties (B) the particular time, or (i) the total of exceeds (ii) the total of que le preneur en fait le choix, pour tous les biens visés par le bail, dans sa déclaration de revenu produite en vertu de la présente partie pour son année d’imposition au cours de laquelle le bail commence, au début de la période pour laquelle les intérêts sont calculés — sont réputés s’assumer sur le principal de l’argent emprunté non remboursé; e) les montants payés ou payables par le preneur, pour son compte, pour l’usage, ou le droit d’usage, du bien au cours de l’année sont réputés être des paiements de principal et d’intérêts réunis — ces derniers étant calculés conformément à l’alinéa d) —, faits ou à faire par le preneur sur l’argent emprunté et non remboursé, qui sont réputés d’abord en réduction des intérêts sur le principal, ensuite en réduction des intérêts sur les intérêts impayés et enfin en réduction du principal non remboursé; l’excédent éventuel de tout paiement sur le total des montants est réputé payé ou payable au titre des intérêts et tout montant réputé payé ou payable en vertu du présent alinéa est réputé être un montant payé ou payable, selon le cas, en exécution d’une obligation légale de payer des intérêts pour l’année sur l’argent emprunté; f) sauf si le paragraphe (4) s’applique, le preneur est réputé disposer du bien, au moment de l’expiration, de la résiliation ou de la cession du bail ou au moment de la sous-location du bien, pour un produit de disposition égal à l’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii): (i) le total des montants suivants: (A) le montant visé à l’alinéa c), (B) les montants reçus ou à recevoir par le preneur en raison de la résiliation ou de la cession du bail ou de la sous-location du bien, (ii) le total des montants suivants: (A) les montants réputés par l’alinéa e) avoir été payés ou payables par le preneur en réduction du principal de l’argent emprunté, (B) les montants payés ou payables par le preneur pour son compte en raison de la résiliation ou de la cession du bail ou de la sous-location du bien; g) pour l’application des paragraphes 13(5.2) et (5.3), chaque montant payé ou payable par le preneur ou pour son compte qui, sans le présent paragraphe, constituerait un montant payé ou payable pour l’usage, ou le droit d’usage, du bien est réputé inclus dans le calcul du revenu du preneur à titre de montant payé ou payable par lui pour l’usage, ou le droit d’usage, du bien après le moment donné; h) tout montant payé ou payable par le preneur ou pour son compte au titre de la conclusion ou de la cession du bail ou de la sous-location du bien qui, sans le présent alinéa, représenterait le coût en capital pour le preneur d’un droit de tenure à bail dans le bien est réputé payé ou payable par le preneur pour l’usage, ou le droit d’usage, du bien pour la durée non écoulée du bail; i) lorsque le preneur fait un choix selon le présent paragraphe relativement à un bien et que, à un moment donné après la conclusion du bail, le propriétaire du bien ne réside pas au Canada et ne détient pas le bail dans le cadre d’une entreprise exploitée au moyen d’un établissement stable au Canada, au sens du règlement, dont le revenu est assujetti à l’impôt prévu à la présente partie, le bail est réputé, pour l’application du présent paragraphe, avoir été annulé à ce moment. Cessions et sous-locations
A taxpayer’s net gain for a taxation year from dispositions of listed personal property is an amount determined as follows: (a) determine the amount, if any, by which the total of the taxpayer’s gains for the year from the disposition of listed personal property, other than property described in subparagraph 39(1)(a)(i.1), exceeds the total of the taxpayer’s losses for the year from dispositions of listed personal property, and (b) deduct from the amount determined under paragraph 41(2)(a) such portion as the taxpayer may claim of the taxpayer’s listed-personal-property losses for the 7 taxation years immediately preceding and the 3 taxation years immediately following the taxation year, except that for the purposes of this paragraph (i) an amount in respect of a listed-personal-property loss is deductible for a taxation year only to the extent that it exceeds the total of amounts deducted under this paragraph in respect of that loss for preceding taxation years, (ii) no amount is deductible in respect of the listed-personal-property loss of any year until the deductible listed-personal-property losses for previous years have been deducted, and (iii) no amount is deductible in respect of listed-personal-property losses from the amount determined under paragraph 41(2)(a) for a taxation year except to the extent of the amount so determined for the year, and the remainder determined under paragraph 41(2)(b) is the taxpayer’s net gain for the year from dispositions of listed personal property.
Sous réserve des paragraphes (3) et (4), dans le cas où, à un moment donné, le preneur qui a fait un choix selon le paragraphe (1) cède un bail ou sous-loue un bien à une autre personne — appelée « cessionnaire » au présent article —, les règles suivantes s’appliquent : a) le paragraphe (1) ne s’applique pas au calcul du revenu du preneur relativement au bail pour toute période postérieure au moment donné; b) le preneur et le cessionnaire peuvent faire un choix conjoint sur formulaire prescrit présenté avec leur déclaration de revenu en vertu de la présente partie pour leur année d’imposition respective qui comprend le moment donné pour que le paragraphe (1) s’applique au cessionnaire comme si, à la fois : Idem Replacement property (ii) le cessionnaire avait, au moment donné, pris le bien à bail du propriétaire du bien pour une durée de plus d’un an, (iii) le cessionnaire et le propriétaire du bien avaient fait le choix conjoint prévu au paragraphe (1) relativement au bien avec leur déclaration de revenu produite en vertu de la présente partie pour leur année d’imposition respective qui comprend le moment donné. Idem
In this section, listed-personal-property loss of a taxpayer for a taxation year means the amount, if any, by which the total of the taxpayer’s losses for the year from dispositions of listed personal property exceeds the total of the taxpayer’s gains for the year from dispositions of listed personal property, other than property described in subparagraph 39(1)(a)(i.1).
Sous réserve du paragraphe (4), dans le cas où, à un moment donné, le preneur qui a fait un choix selon le paragraphe (1) cède un bail ou sous-loue un bien à une personne avec laquelle il a un lien de dépendance, la personne est réputée, pour l’application du paragraphe (1) et pour le calcul de son revenu relativement au bail pour une période postérieure au moment donné, être la même personne que le preneur et en être la continuation. Toutefois, malgré l’alinéa (1)b), la personne est réputée avoir acquis le bien auprès du preneur au moment où celui-ci l’a acquis à un coût égal au produit de la disposition qui serait déterminé selon l’alinéa (1)f) comme si les divisions (1)f)(i)(B) et (ii)(B). Fusions et liquidations
(a) an amount received or receivable by a person or partnership (referred to in this subsection as the “vendor”), as the case may be, as consideration for a warranty, covenant or other conditional or contingent obligation given or incurred by the vendor in respect of a property (referred to in this section as the “subject property”) disposed of by the vendor (i) if it is received or receivable on or before the specified date, is deemed to be received as consideration for the disposition by the vendor of the subject property (and not to be an amount received or receivable by the vendor as consideration for the obligation) and is to be included in computing the vendor’s proceeds of disposition of the subject property for the taxation year or fiscal period in which the disposition occurred, and (ii) in any other case, is deemed to be a capital gain of the vendor from the disposition of a property by the vendor that occurs at the earlier of the time when the amount is received or becomes receivable; and (b) an outlay or expense paid or payable by the vendor under a warranty, covenant or other conditional or contingent obligation given or incurred by the vendor in respect of the subject property disposed of by the vendor, (i) if it is paid or payable on or before the specified date, is deemed to reduce the consideration for the disposition by the vendor of the subject property (and not to be an outlay or expense paid or payable by the vendor under the obligation) and is to be deducted in computing the vendor’s proceeds of disposition of the subject property for the taxation year or fiscal period in which the disposition occurred, and SUBDIVISION c Taxable Capital Gains and Allowable Capital Losses (ii) in any other case, is deemed to be a capital loss of the vendor from the disposition of a property by the vendor that occurs at the earlier of the time when the outlay or expense is paid or becomes payable. (a) if the vendor is a partnership, the last day of the vendor’s fiscal period in which the vendor disposed of the subject property; and (b) in any other case, the vendor’s filing-due date for the vendor’s taxation year in which the vendor disposed of the subject property. General rule for part dispositions
Malgré le paragraphe (2), dans le cas où, à un moment donné, la société donnée qui a fait un choix selon le paragraphe (1) cède un bail — soit en raison d’une fusion, au sens du paragraphe 87(1), soit lors de la liquidation d’une société canadienne, à laquelle le paragraphe 88(1) s’applique — à une autre société avec laquelle elle a un lien de dépendance, l’autre société est réputée, pour l’application du paragraphe (1) et pour le calcul de son revenu relativement au bail après ce moment, être la même personne que la société donnée et en être la continuation. Bien de remplacement
Pour l’application du paragraphe (1), le bien qu’un bailleur fournit à un preneur en remplacement d’un bien semblable du bailleur visé par un bail conclu entre eux est réputé être le même bien que le bien semblable si le montant payable pour l’usage ou le droit d’usage du bien Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of subsection (1) and section 53, if at any time a taxpayer disposes of a covenant or an easement to which land is subject or, in the case of land in the Province of Quebec, a real or personal servitude, in circumstances where subsection 110.1(5) or 118.1(12) applies, (a) the portion of the adjusted cost base to the taxpayer of the land immediately before the disposition that can reasonably be regarded as attributable to the covenant, easement or servitude, as the case may be, is deemed to be equal to the amount determined by the formula A is the adjusted cost base to the taxpayer of the land immediately before the disposition, B is the amount determined under subsection 110.1(5) or 118.1(12) in respect of the disposition, and C is the fair market value of the land immediately before the disposition; and SUBDIVISION c Taxable Capital Gains and Allowable Capital Losses (b) for greater certainty, the cost to the taxpayer of the land shall be reduced at the time of the disposition by the amount determined under paragraph (a). Payments out of trust income, etc.
Impôt sur le revenu
Notwithstanding subsection (1), where part of a capital interest of a taxpayer in a trust would, but for paragraph (h) or (i) of the definition disposition in subsection 248(1), be disposed of solely because of the satisfaction of a right to enforce payment of an amount by the trust, no part of the adjusted cost base to the taxpayer of the taxpayer’s capital interest in the trust shall be allocated to that part of the capital interest.
(a) to have disposed at that time of the life estate in the property for proceeds of disposition equal to its fair market value at that time; and (b) to have reacquired the life estate immediately after that time at a cost equal to the proceeds of disposition referred to in paragraph 43.1(1)(a).
Where, as a result of an individual’s death, a life estate to which subsection 43.1(1) applied is terminated, (a) the holder of the life estate immediately before the death shall be deemed to have disposed of the life estate immediately before the death for proceeds of disposition equal to the adjusted cost base to that person of the life estate immediately before the death; and (b) where a person who is the holder of the remainder interest in the real property immediately before the death was not dealing at arm’s length with the holder of the life estate, there shall, after the death, be added in computing the adjusted cost base to that person of the real property an amount equal to the lesser of (i) the adjusted cost base of the life estate in the property immediately before the death, and SUBDIVISION c Taxable Capital Gains and Allowable Capital Losses (ii) the amount, if any, by which the fair market value of the real property immediately after the death exceeds the adjusted cost base to that person of the remainder interest immediately before the death.
(b) a property that was, immediately before the disposition, a former business property of the taxpayer, and the taxpayer has (c) if the former property is described in paragraph (a), before the later of the end of the second taxation year following the initial year and 24 months after the end of the initial year, and (d) in any other case, before the later of the end of the first taxation year following the initial year and 12 months after the end of the initial year, acquired a capital property that is a replacement property for the taxpayer’s former property and the replacement property has not been disposed of by the taxpayer before the time the taxpayer disposed of the taxpayer’s former property, notwithstanding subsection 40(1), if the taxpayer so elects under this subsection in the taxpayer’s return of income for the year in which the taxpayer acquired the replacement property, (e) the gain for a particular taxation year from the disposition of the taxpayer’s former property shall be deemed to be the amount, if any, by which (i) where the particular year is the initial year, the lesser of (A) the amount, if any, by which the proceeds of disposition of the former property exceed (I) in the case of depreciable property, the lesser of the proceeds of disposition of the former property computed without reference to subsection 44(6) and the total of its adjusted cost base to the taxpayer immediately before the disposition and any outlays and expenses to the extent that they were made or incurred by the taxpayer for the purpose of making the disposition, and (II) in any other case, the total of its adjusted cost base to the taxpayer immediately before the disposition and any outlays and expenses to the extent that they were made or incurred by the taxpayer for the purpose of making the disposition, and (B) the amount, if any, by which the proceeds of disposition of the former property exceed the total of the cost to the taxpayer, or in the case of depreciable property, the capital cost to the taxpayer, determined without reference to paragraph (f), of the taxpayer’s replacement property and any outlays and expenses to the extent that they were made or incurred by the taxpayer for the purpose of making the disposition, or (ii) where the particular year is subsequent to the initial year, the amount, if any, claimed by the taxpayer under subparagraph 44(1)(e)(iii) in computing the taxpayer’s gain for the immediately preceding year from the disposition of the former property, (iii) subject to subsection 44(1.1), such amount as the taxpayer claims, (A) in the case of an individual (other than a trust), in prescribed form filed with the taxpayer’s return of income under this Part for the particular year, and (B) in any other case, in the taxpayer’s return of income under this Part for the particular year, as a deduction, not exceeding the lesser of (C) a reasonable amount as a reserve in respect of such of the proceeds of disposition of the former property that are payable to the taxpayer after the end of the particular year as can reasonably be regarded as a portion of the amount determined under subparagraph 44(1)(e)(i) in respect of the property, and (D) an amount equal to the product obtained when 1/5 of the amount determined under subparagraph 44(1)(e)(i) in respect of the property is multiplied by the amount, if any, by which 4 exceeds the number of preceding taxation years of the taxpayer ending after the disposition of the property, and (f) the cost to the taxpayer or, in the case of depreciable property, the capital cost to the taxpayer, of the taxpayer’s replacement property at any time after the time the taxpayer disposed of the taxpayer’s former property, shall be deemed to be (i) the cost to the taxpayer or, in the case of depreciable property, the capital cost to the taxpayer of the taxpayer’s replacement property otherwise determined, (ii) the amount, if any, by which the amount determined under clause 44(1)(e)(i)(A) exceeds the amount determined under clause 44(1)(e)(i)(B). COVID — time not counted (1.01) For the purposes of paragraphs (1)(c) and (d), the period beginning on March 15, 2020 and ending on March 12, 2022 is not to be counted. Reserve — property disposed of to a child (1.1) In computing the amount that a taxpayer may claim under subparagraph (1)(e)(iii) in computing the taxpayer’s gain from the disposition of a former property of the taxpayer, that subparagraph shall be read as if the references in that subparagraph to “1/5” and “4” were references to “1/10” and “9” respectively if that former property is real or immovable property in respect of the disposition of which, because of subsection 73(3), the rules in subsection 73(1) applied to the taxpayer and a child of the taxpayer. Time of disposition and of receipt of proceeds
de remplacement est le même que celui qui était payable pour le bien semblable. Bien supplémentaire
For the purposes of this Act, the time at which a taxpayer has disposed of a property for which there are proceeds of disposition as described in paragraph (b), (c) or (d) of the definition proceeds of disposition in subsection 13(21) or paragraph (b), (c) or (d) of the definition proceeds of disposition in section 54, and the time at which an amount, in respect of those proceeds of disposi- tion has become receivable by the taxpayer shall be deemed to be the earliest of (a) the day the taxpayer has agreed to an amount as full compensation to the taxpayer for the property lost, destroyed, taken or sold, (b) where a claim, suit, appeal or other proceeding has been taken before one or more tribunals or courts of competent jurisdiction, the day on which the taxpay- er’s compensation for the property is finally deter- mined by those tribunals or courts, (c) where a claim, suit, appeal or other proceeding re- ferred to in paragraph 44(2)(b) has not been taken be- fore a tribunal or court of competent jurisdiction with- in two years of the loss, destruction or taking of the property, the day that is two years following the day of the loss, destruction or taking, (d) the time at which the taxpayer is deemed by sec- the property, and (e) where the taxpayer is a corporation other than a subsidiary corporation referred to in subsection 88(1), the time immediately before the winding-up of the corporation, and the taxpayer shall be deemed to have owned the property continuously until the time so determined.
Pour l’application du paragraphe (1), lorsque, à un moment donné, le bien d’un bailleur (appelé « bien initial » au présent paragraphe) — bien visé par un bail pour lequel le bailleur et le preneur ont fait le choix prévu au paragraphe (1) — fait l’objet, de la part du bailleur, d’une addition ou d’une modification (appelée « bien supplémentaire » au présent paragraphe) et que, par suite de l’addition ou de la modification, le montant total payable par le preneur pour l’usage ou le droit d’usage du bien initial et du bien supplémentaire excède le montant ainsi payable pour le bien initial, les présomptions suivantes s’appliquent : a) le preneur est réputé avoir pris le bien supplémentaire à bail au moment donné; b) la durée de ce bail est réputée excéder une année; c) le bailleur et le preneur sont réputés avoir fait le choix conjoint prévu au paragraphe (1) relativement au bien supplémentaire; d) le taux prescrit applicable au moment donné au bien supplémentaire est réputé correspondre à celui alors applicable au bien initial; e) le bien supplémentaire est réputé ne pas être visé par règlement; f) l’excédent est réputé être un montant payable par le preneur pour l’usage ou le droit d’usage du bien supplémentaire. Renégociation du bail
Subsection 70(3) does not apply to compensation re- in section 54 that has been transferred or distributed to beneficiaries or other persons beneficially interested in an estate or trust. Deemed election
Pour l’application du paragraphe (1), le bail visant un bien qui, à un moment donné, fait l’objet d’une renégociation de bonne foi par suite de laquelle le montant payable par le preneur pour l’usage ou le droit d’usage du bien est modifié pour une période postérieure à ce moment, autrement que par suite d’une addition ou [NOTE: Application provisions are not included in the consolidated text: see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 16.1; 1994, c. 7, Sch. II, s. 12; 1999, c. 22, s. 7; 2013, c. 34, s. 94.] A – B where modification à laquelle le paragraphe (6) s’applique, est réputé expiré. Le bail renégocié est réputé être un nouveau bail conclu au moment donné. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir lois et règlements modificatifs applicables; L.R. (1985), ch. 1 (5e suppl.), art. 16.1; 1994, ch. 7, ann. II, art. 12; 1999, ch. 22, art. 7; 2013, ch. 34, art. 94.] Somme due par un non-résident 17 (1) Si le présent paragraphe s’applique à une société résidant au Canada relativement à une somme qui lui est due (appelée « dette » au présent paragraphe), la société est tenue d’inclure dans le calcul de son revenu pour une année d’imposition la somme obtenue par la formule suivante : A – B où : A représente le montant d’intérêts qui serait inclus dans le calcul du revenu de la société pour l’année au titre de la dette si les intérêts sur celle-ci étaient calculés au taux prescrit pour la période de l’année durant laquelle la dette était impayée; B le total des sommes dont chacune représente : a) une somme incluse dans le calcul du revenu de la société pour l’année au titre de la dette au titre ou en remplacement total ou partiel des intérêts relatifs à la dette, b) une somme reçue ou à recevoir par la société d’une fiducie, qui est incluse dans le calcul du revenu de la société pour l’année ou pour une année d’imposition postérieure et qu’il est raisonnable d’attribuer aux intérêts sur la dette pour la période de l’année durant laquelle la dette était impayée, c) une somme incluse dans le calcul du revenu de la société pour l’année ou pour une année d’imposition postérieure en vertu du paragraphe 91(1) qu’il est raisonnable d’attribuer aux intérêts soit sur une somme due (appelée « dette initiale » au présent alinéa), soit, dans le cas où le montant de la dette initiale excède le montant de la dette, sur une partie de la dette initiale qui est égale au montant de la dette, pour la période de l’année durant laquelle la dette était impayée, si : (i) en l’absence de la dette initiale, la dette n’avait pas été réputée, en vertu du paragraphe (2), être due par la personne non-résidente visée à l’alinéa (1.1)a), (iii) where subsection (11.2) applies to the original debt, (ii) la dette initiale était due par une personne non-résidente ou par une société de personnes dont chacun des associés est une personne non-résidente, (iii) dans le cas où le paragraphe (11.2) s’applique à la dette initiale : (A) d’une part, une somme déterminée selon les alinéas (11.2)a) ou b) relativement à la dette initiale est une somme visée à l’alinéa (2)a), et, en raison de cette dernière somme, la dette est réputée être due par la personne non-résidente visée à l’alinéa (1.1)a), (B) d’autre part, la dette initiale était due par un prêteur intermédiaire à un prêteur initial ou par un emprunteur visé à un prêteur intermédiaire, ces termes s’entendant au sens du paragraphe (11.2). Somme due par un non-résident (1.1) Le paragraphe (1) s’applique à une société résidant au Canada relativement à une somme due à la société, dans les faits ci-après s’avérant à tout moment d’une année d’imposition de la société : a) une personne non-résidente est débitrice de la somme envers la société; b) la somme est impayée depuis plus d’un an ou le demeure pendant plus d’un an; c) la somme qui serait déterminée pour l’année selon l’élément B de la formule figurant au paragraphe (1) relativement à la somme due si ce paragraphe s’appliquait, est moins élevée que le montant d’intérêts qui serait inclus dans le calcul du revenu de la société pour l’année au titre de cette somme si ces intérêts étaient calculés à un taux raisonnable pour la période de l’année durant laquelle la somme était due. Règle anti-évitement — prêt indirect
Where a former property of a taxpayer was a depre- ciable property of the taxpayer (a) if the taxpayer has elected in respect of that prop- erty under subsection 44(1), the taxpayer shall be deemed to have elected in respect thereof under sub- (b) if the taxpayer has elected in respect of that prop- erty under subsection 13(4), the taxpayer shall be deemed to have elected in respect thereof under sub-
Pour l’application du présent article et sous réserve du paragraphe (3), dans le cas où les conditions suivantes sont réunies : a) une personne non-résidente est débitrice, à un moment donné, d’une créance d’une personne ou société de personnes donnée (sauf une société résidant au Canada), b) il est raisonnable de conclure que la créance ou une partie de la créance est devenue due à la personne ou société de personnes donnée, ou a dû demeurer impayée, de fait qu’une société résidant au Canada a Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this section, a particular capital property of a taxpayer is a replacement property for a former property of the taxpayer, if (a) it is reasonable to conclude that the property was acquired by the taxpayer to replace the former property; (a.1) it was acquired by the taxpayer and used by the taxpayer or a person related to the taxpayer for a use that is the same as or similar to the use to which the taxpayer or a person related to the taxpayer put the former property; (b) where the former property was used by the taxpayer or a person related to the taxpayer for the purpose of gaining or producing income from a business, the particular capital property was acquired for the purpose of gaining or producing income from that or a similar business or for use by a person related to the taxpayer for such a purpose; (c) where the former property was a taxable Canadian property of the taxpayer, the particular capital property is a taxable Canadian property of the taxpayer; and (d) where the former property was a taxable Canadian property (other than treaty-protected property) of the taxpayer, the particular capital property is a taxable Canadian property (other than treaty-protected property) of the taxpayer.
Impôt sur le revenu
If a taxpayer has disposed of property that was a former business property and was in part a building and in part the land (or an interest, or for civil law a right, therein) subject to, or immediately contiguous to and necessary for the use of, the building, for the purposes of this Subdivision, the amount if any, by which (a) the proceeds of disposition of one such part determined without regard to this subsection (b) the adjusted cost base to the taxpayer of that part shall, to the extent that the taxpayer so elects in the taxpayer’s return of income under this Part for the year in which the taxpayer acquired a replacement property for the former business property, be deemed not to be proceeds of disposition of that part and to be proceeds of disposition of the other part.
Subparagraph 44(1)(e)(iii) does not apply to permit a taxpayer to claim any amount under that subparagraph in computing a gain for a taxation year where (a) the taxpayer, at the end of the year or at any time in the immediately following year, was not resident in Canada or was exempt from tax under any provision of this Part; (b) the person to whom the former property of the taxpayer was disposed of was a corporation that, immediately after the disposition, (i) was controlled, directly or indirectly in any manner whatever, by the taxpayer, (ii) was controlled, directly or indirectly in any manner whatever, by a person or group of persons by whom the taxpayer was controlled, directly or indirectly in any manner whatever, or (iii) controlled the taxpayer, directly or indirectly in any manner whatever, where the taxpayer is a corporation; or (c) the former property of the taxpayer was disposed of to a partnership in which the taxpayer was, immediately after the disposition, a majority-interest partner.
The definitions in subsection 70(10) apply to this section.
ACB reduction of an individual in respect of a replacement share of the individual in respect of a qualifying disposition of the individual means the amount determined by the formula D is the permitted deferral of the individual in respect of the qualifying disposition; SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses E is the cost to the individual of the replacement share; and active business corporation at any time means, subject to subsection (10), a corporation that is, at that time, a taxable Canadian corporation all or substantially all of the fair market value of the assets of which at that time is attributable to assets of the corporation that are (a) assets used principally in an active business carried on by the corporation or by an active business corporation that is related to the corporation; (b) shares issued by or debt owing by other active business corporations that are related to the corporation; or carrying value of the assets of a corporation at any time means the amount at which the assets of the corporation would be valued for the purpose of the corporation’s balance sheet as of that time if that balance sheet were prepared in accordance with generally accepted accounting principles used in Canada at that time, except that an asset of a corporation that is a share or debt issued by a related corporation is deemed to have a carrying value of nil. (valeur comptable) eligible pooling arrangement in respect of an individual means an arrangement in writing made between the individual and another person or partnership (which other person or partnership is referred to in this definition and subsection (3) as the “investment manager”) where the agreement provides for (a) the transfer of funds or other property by the individual to the investment manager for the purpose of making investments on behalf of the individual; (b) the purchase of eligible small business corporation shares with those funds, or the proceeds of a disposition of the other property, within 60 days after receipt of those funds or the other property by the investment manager; and (c) the provision of a statement of account to the individual by the investment manager at the end of each month that ends after the transfer disclosing the details of the investment portfolio held by the investment manager on behalf of the individual at the end of that month and the details of the transactions made by the investment manager on behalf of the individual during the month. (arrangement admissible de mise en commun) eligible small business corporation at any time means, subject to subsection (10), a corporation that, at that time, is a Canadian-controlled private corporation all or substantially all of the fair market value of the assets of which at that time is attributable to assets of the corporation that are (a) assets used principally in an active business carried on primarily in Canada by the corporation or by an eligible small business corporation that is related to the corporation; (b) shares issued by or debt owing by other eligible small business corporations that are related to the corporation; or eligible small business corporation share of an individual means a common share issued by a corporation to the individual if (a) at the time the share was issued, the corporation was an eligible small business corporation; and (b) immediately before and after the share was issued, the total carrying value of the assets of the corporation and corporations related to it did not exceed $50,000,000. (action déterminée de petite entreprise) permitted deferral of an individual in respect of a qualifying disposition of the individual means the amount determined by the formula G is the lesser of the individual’s proceeds of disposition from the qualifying disposition and the total of all amounts each of which is the cost to the individual of a replacement share in respect of the qualifying disposition; H is the individual’s proceeds of disposition from the qualifying disposition; and I is the individual’s gain in respect of the disposition admissible. (permitted deferral) SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses is the individual’s capital gain from the qualifying disposition. (montant de report autorisé) qualifying disposition of an individual (other than a trust) means, subject to subsection (9), a disposition of shares of the capital stock of a corporation where each such share disposed of was (b) throughout the period during which the individual owned the share, a common share of an active business corporation; and (c) throughout the 185-day period that ended immediately before the disposition of the share, owned by the individual. (disposition admissible) replacement share of an individual in respect of a qualifying disposition of the individual in a taxation year means an eligible small business corporation share of the individual that is (a) acquired by the individual in the year or within 120 days after the end of the year; and (b) designated by the individual in the individual’s return of income for the year to be a replacement share in respect of the qualifying disposition. (action remplacement) Capital gain deferral
effectué un prêt ou transfert de biens (sauf un prêt ou transfert de biens exclu), directement ou indirectement, de quelque manière que ce soit, au profit d’une personne ou d’une société de personnes, ou du fait que la personne ou société de personnes a prévu qu’une société résidant au Canada effectuerait ainsi un prêt ou transfert de biens (sauf un prêt ou transfert de biens exclu) au profit d’une personne ou d’une société de personnes, ou pour le bénéfice de l’une ou l’autre, la personne non-résidente est réputée, à ce moment, être débitrice envers la société résidant au Canada d’une créance ou à la partie de la créance, selon le cas, à la personne ou société de personnes donnée. Exception
Where an individual has made a qualifying disposition in a taxation year, (a) the individual’s capital gain for the year from the qualifying disposition is deemed to be the amount by which the individual’s capital gain for the year from the qualifying disposition, determined without SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses reference to this section, exceeds the individual’s permitted deferral in respect of the qualifying disposition; (b) in computing the adjusted cost base to the individual of a replacement share of the individual in respect of the qualifying disposition at any time after its acquisition, there shall be deducted the amount of the ACB reduction of the individual in respect of the replacement share; and (c) where the qualifying disposition was a disposition of a share that was taxable Canadian property of the individual, the replacement share of the individual in respect of the qualifying disposition is deemed to be, at any time that is within 60 months after the disposition, taxable Canadian property of the individual. Special rule — re eligible pooling arrangements
Le paragraphe (2) ne s’applique pas à la créance d’une personne ou société de personnes donnée dont une personne non-résidente est débitrice à un moment donné si, selon le cas : a) à ce moment, la personne non-résidente et la personne donnée ou chaque associé de la société de personnes donnée, selon le cas, ne sont des sociétés étrangères affiliées contrôlées de la société résidant au Canada; b) les faits suivants se vérifient à ce moment : (i) la personne non-résidente et la personne donnée ne sont pas liées ou la personne non-résidente et chaque associé de la société de personnes donnée ne sont pas liées, selon le cas, (ii) les modalités conclues ou imposées relativement à la créance, déterminées compte non tenu d’un prêt ou transfert de biens visé à l’alinéa (2)b) effectué par une société résidant au Canada relativement à la créance, sont telles que des personnes n’ayant entre elles aucun lien de dépendance auraient été prêtes à les conclure au moment où elles l’ont été, (iii) si des intérêts, à inclure dans le calcul du revenu d’une société étrangère affiliée de la société résidant au Canada pour une année d’imposition, étaient payables sur la créance à ce moment, ils ne seraient pas à inclure dans le calcul du revenu étranger accumulé, tiré de biens de la société affiliée pour cette année. Règle anti-évitement — prêt par l’intermédiaire d’une société de personnes
Except for the purpose of the definition eligible pooling arrangement in subsection (1), any transaction entered into by an investment manager under an eligible pooling arrangement on behalf of an individual is deemed to be a transaction of the individual and not a transaction of the investment manager. Special rule — re acquisitions on death
Pour l’application du présent article, la personne non-résidente qui, à un moment donné, est débitrice Income Tax PART I Income Tax DIVISION B Computation of Income
For the purpose of this section, a share of the capital stock of a corporation, acquired by an individual as a consequence of the death of a person who is the individual’s spouse, common-law partner or parent, is deemed to be a share that was acquired by the individual at the time it was acquired by that person and owned by the individual throughout the period that it was owned by that person, if (a) where the person was the spouse or common-law partner of the individual, the share was an eligible small business share of the person and subsection 70(6) applied to the individual in respect of the share; or (b) where the person was the individual’s parent, the share was an eligible small business share of the parent and subsection 70(9.2) applied to the individual in respect of the share. Special rule — re breakdown of relationships
Exception Exception Impôt sur le revenu
For the purpose of this section, a share of the capital stock of a corporation, acquired by an individual from a person who was the individual’s former spouse or common-law partner as a consequence of the settlement of rights arising out of their marriage or common-law partnership, is deemed to be a share that was acquired by the individual at the time it was acquired by that person and owned by the individual throughout the period that it was owned by that person if the share was an eligible small business share of the person and subsection 73(1) applied to the individual in respect of the share. Special rule — eligible small business corporation share exchanges
For the purpose of this section, where an individual receives shares of the capital stock of a particular corporation that are eligible small business corporation shares of the individual (in this subsection referred to as the “new shares”) as the sole consideration for the disposition by the individual of shares issued by the particular corporation or by another corporation that were eligible small business corporation shares of the individual (in this subsection referred to as the “exchanged shares”), the new shares are deemed to have been owned by the individual throughout the period that the exchanged shares were owned by the individual if (b) the individual’s total proceeds of disposition of the exchanged shares was equal to the total of all amounts each of which was the individual’s adjusted cost base of an exchanged share immediately before the disposition. Special rule — re active business corporation share exchanges
For the purpose of this section, where an individual receives common shares of the capital stock of a particular corporation (in this subsection referred to as the “new shares”) as the sole consideration for the disposition by the individual of common shares of the particular corporation or of another corporation (in this subsection referred to as the “exchanged shares”), the new shares are deemed to be eligible small business corporation shares of the individual and shares of the capital stock of an active business corporation that were owned by the individual throughout the period that the exchanged shares were owned by the individual, if (b) the total of the individual’s proceeds of disposition in respect of the disposition of the exchanged shares was equal to the total of the individual’s adjusted cost base of the exchanged shares immediately before the disposition. SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses bases immediately before the disposition of such shares; and (c) the disposition of the exchanged shares was a qualifying disposition of the individual. Special rule — re carrying on an active business
For the purpose of the definitions in subsection (1), a property held at any particular time by a corporation that would, if this Act were read without reference to this subsection, be considered to carry on an active business at that time, is deemed to be used or held by the corporation in the course of carrying on that active business if the property (or other property for which the property is substituted property) was acquired by the corporation, at any time in the 36-month period ending at the particular time, because the corporation (a) issued a debt or a share of a class of its capital stock in order to acquire money for the purpose of acquiring property to be used or held in the course of, or making expenditures for the purpose of, earning income from an active business carried on by it; (b) disposed of property used or held by it in the course of carrying on an active business in order to acquire money for the purpose of acquiring property to be used or held in the course of, or making expenditures for the purpose of, earning income from an active business carried on by it; or (c) accumulated income derived from an active business carried on by it in order to acquire property to be used in or held in the course of, or to make expenditures for the purpose of, earning income from an active business carried on by it. Special rule — re qualifying disposition
créance du prêteur dont est débitrice la société de personnes donnée, d’une somme, due au prêteur, égale au produit de la multiplication de la créance par le rapport entre : a) d’une part, la juste valeur marchande de la participation de l’associé dans la société de personnes donnée à ce moment; b) d’autre part, la juste valeur marchande de l’ensemble des participations dans la société de personnes donnée à ce moment. Exception
A disposition of a common share of an active business corporation (in this subsection referred to as the “subject share”) by an individual that, but for this subsection, would be a qualifying disposition of the individual is deemed not to be a qualifying disposition of the individual unless the active business of the corporation referred to in paragraph (a) of the definition active business corporation in subsection (1) was carried on primarily in Canada (a) at all times in the period that began at the time the individual last acquired the subject share and ended at the time of disposition, if that period is less than 730 days; or SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses (b) in any other case, for at least 730 days in the period referred to in paragraph (a).
Le paragraphe (1) ne s’applique pas à la somme qu’une personne non-résidente doit à une société résidant au Canada si l’impôt prévu à la partie XIII a été payé sur la somme. Toutefois, pour l’application du présent paragraphe, l’impôt prévu à la partie XIII est réputé ne pas avoir été payé sur la partie de la somme due à l’égard de laquelle un remboursement a été effectué ou un montant appliqué en vertu du paragraphe 227(6.1). Exception
For the purpose of this section, an eligible small business corporation and an active business corporation at any time do not include a corporation that is, at that time, (a) a professional corporation; (c) a corporation the principal business of which is the leasing, rental, development or sale, or any combination of those activities, of real or immovable property owned by it; or (d) a corporation more than 50% of the fair market value of the property of which (net of debts incurred to acquire the property) is attributable to real or immovable property. Determination rule
Le paragraphe (1) ne s’applique pas à une société résidant au Canada pour une année d’imposition ni relativement à une somme que cette société doit à une personne non-résidente si cette personne est une société étrangère affiliée contrôlée de la société tout au long de la période de l’année pendant laquelle la somme est due, dans la mesure où il est établi que cette somme : a) soit est attribuable à un prêt ou à une avance d’argent consenti à la société affiliée et dont elle s’est servi, tout au long de la période ayant commencé au moment où le prêt ou l’avance a été consenti et s’étant terminée à la fin de l’année ou, s’il est antérieur, au moment où la somme a été remboursée, à l’une des fins suivantes : (i) tirer un revenu d’une entreprise exploitée activement, au sens du paragraphe 95(1), par elle, ou gagner un revenu qui a été inclus, en vertu du paragraphe 95(2), dans le calcul de son revenu provenant d’une entreprise exploitée activement par elle, (ii) consentir un prêt ou une avance d’argent à une autre société étrangère affiliée contrôlée de la société dans le cas où, si des intérêts, à inclure dans le calcul du revenu de la société affiliée pour une année d’imposition, étaient payables sur le prêt ou l’avance d’argent au cours de la période, ils ne seraient pas à inclure dans le calcul de son revenu étranger accumulé tiré de biens de la société affiliée pour cette année; Income Tax PART I Income Tax DIVISION B Computation of Income
In determining whether a share owned by an individual is an eligible small business corporation share of the individual, this Act shall be read without reference to section 48.1. Anti-avoidance rule
Borrowed money Impôt sur le revenu
The permitted deferral of an individual in respect of a qualifying disposition of shares issued by a corporation (in this subsection referred to as “new shares”) is deemed to be nil where (a) the new shares (or shares for which the new shares are substituted property) were issued to the individual or a person related to the individual as part of a series of transactions or events in which (i) shares of the capital stock of a corporation (in this subsection referred to as the “old shares”) were disposed of by the individual or a person related to the individual, or (ii) the paid-up capital of old shares or the adjusted cost base to the individual or to a person related to the individual of the old shares was reduced; (b) the new shares (or shares for which the new shares are substituted property) were (i) issued by the corporation that issued the old shares, (ii) issued by a corporation that, at or immediately after the time of issue of the new shares, was a corporation that was not dealing at arm’s length with (A) the corporation that issued the old shares, or (iii) issued, by a corporation that acquired the old shares (or by another corporation related to that corporation), as part of the transaction or event or series of transactions or events that included that acquisition of the old shares; and (c) it is reasonable to conclude that one of the main reasons for the series of transactions or events or a transaction in the series was to permit the individual, persons related to the individual, or the individual and persons related to the individual to become eligible to deduct under subsection (2) permitted deferrals in respect of qualifying dispositions of new shares (or shares substituted for the new shares) the total of which would exceed the total that those persons would have been eligible to deduct under subsection (2) in respect of permitted deferrals in respect of qualifying dispositions of old shares. Order of disposition of shares
For the purpose of this section, an individual is deemed to dispose of shares that are identical properties in the order in which the individual acquired them. Property with more than one use
(i) having acquired property for some other purpose, has commenced at a later time to use it for the purpose of gaining or producing income, or (ii) having acquired property for the purpose of gaining or producing income, has commenced at a later time to use it for some other purpose, the taxpayer shall be deemed to have SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses (iii) disposed of it at that later time for proceeds equal to its fair market value at that later time, and (iv) immediately thereafter reacquired it at a cost equal to that fair market value; (b) where property has, since it was acquired by a taxpayer, been regularly used in part for the purpose of gaining or producing income and in part for some other purpose, the taxpayer shall be deemed to have acquired, for that other purpose, the proportion of the property that the use regularly made of the property for that other purpose is of the whole use regularly made of the property at a cost to the taxpayer equal to the same proportion of the cost to the taxpayer of the whole property, and, if the property has, in such a case, been disposed of, the proceeds of disposition of the proportion of the property deemed to have been acquired for that other purpose shall be deemed to be the same proportion of the proceeds of disposition of the whole property; (c) where, at any time after a taxpayer has acquired property, there has been a change in the relation between the use regularly made by the taxpayer of the property for gaining or producing income and the use regularly made of the property for other purposes, (i) if the use regularly made of the property for those other purposes has increased, the taxpayer shall be deemed to have (A) disposed of the property at that time for proceeds equal to the proportion of the fair market value of the property at that time that the amount of the increase in the use regularly made by the taxpayer of the property for those other purposes is of the whole use regularly made of the property, and (B) immediately thereafter reacquired the property so disposed of at a cost equal to the proceeds referred to in clause 45(1)(c)(i)(A), and (ii) if the use regularly made of the property for those other purposes has decreased, the taxpayer shall be deemed to have (A) disposed of the property at that time for proceeds equal to the proportion of the fair market value of the property at that time that the amount of the decrease in use regularly made by the taxpayer of the property for those other purposes is of the whole use regularly made of the property, and (B) immediately thereafter reacquired it at a cost equal to the proceeds referred to in clause 45(1)(c)(ii)(A); (B) immediately thereafter reacquired the property so disposed of at a cost equal to the proceeds referred to in clause 45(1)(c)(ii)(A); and
For the purposes of this Subdivision and section 13, if a taxpayer elects in respect of any property of the taxpayer in the taxpayer’s return of income for a taxation year under this Part, (a) if subparagraph (1)(a)(ii) or paragraph 13(7)(b) would otherwise apply to the property for the taxation year, the taxpayer is deemed not to have begun to use the property for the purpose of gaining or producing income; (b) if subparagraph (1)(c)(ii) or 13(7)(d)(i) would otherwise apply to the property for the taxation year, the taxpayer is deemed not to have increased the use regularly made of the property for the purpose of gaining or producing income over the use regularly made of the property for other purposes; and (c) if the taxpayer rescinds the election in respect of the property in the taxpayer’s return of income under this Part for a subsequent taxation year, (i) if paragraph (a) applied to the taxpayer in the taxation year, the taxpayer is deemed to have begun to use the property for the purpose of gaining or producing income on the first day of the subsequent taxation year, and (ii) if paragraph (b) applied to the taxpayer in the taxation year, the taxpayer is deemed to have increased the use regularly made of the property for the purpose of gaining or producing income on the first day of the subsequent taxation year by the amount that would have been the increase in the taxation year if the election had not been made. Election concerning principal residence
b) soit attribuable à l’exploitation d’une entreprise exploitée activement, au sens du paragraphe 95(1), par la société affiliée tout au long de la période ayant commencé au moment où la somme est devenue due et s’étant terminée à la fin de l’année ou, s’il est antérieur, au moment où la somme a été remboursée. Argent emprunté (8.1) Le paragraphe (8.2) s’applique relativement à l’argent (appelé « nouveaux emprunts » au présent paragraphe et au paragraphe (8.2)) qu’une société étrangère affiliée contrôlée d’une société résidant au Canada a emprunté de celle-ci, dans la mesure où la société affiliée a utilisé les nouveaux emprunts a) soit pour rembourser de l’argent (appelé « emprunts antérieurs » au présent paragraphe et au paragraphe (8.2)) emprunté antérieurement d’une personne ou d’une société de personnes, si : (i) d’une part, sont devenus dus après que la société affiliée est devenue, la dernière fois, une société étrangère affiliée contrôlée de la société en cause, (ii) d’autre part, ont été utilisés, à tout moment après être devenus dus, à une fin visée aux sous-alinéas (8)(a)(i) ou (ii); b) soit pour payer une somme due (appelée « prix d’achat impayé » au présent paragraphe et au paragraphe (8.2)) par elle pour un bien acquis antérieurement d’une personne ou d’une société de personnes, si, à la fois : (i) le bien a été acquis, et le prix d’achat impayé est devenu dû, par la société affiliée après qu’elle est devenue, la dernière fois, une société étrangère affiliée contrôlée de la société en cause, (ii) le prix d’achat impayé se rapporte au bien, (iii) tout au long de la période ayant commencé au moment où le prix d’achat impayé est devenu dû par la société affiliée et s’étant terminée au moment où il a été payé, le bien avait été utilisé principalement pour gagner un revenu visé au sous-alinéa (8)(a)(i). Utilisation réputée (8.2) Dans la mesure où le présent paragraphe s’applique relativement à de nouveaux emprunts, ceux-ci sont réputés, pour l’application du paragraphe (8), avoir été utilisés, selon le cas, à la fin à laquelle le produit des emprunts antérieurs a été utilisé ou été réputé, par le présent paragraphe, avoir été utilisé, ou en vue d’acquérir Income Tax PART I Income Tax DIVISION B Computation of Income
If at any time a property that was acquired by a taxpayer for the purpose of gaining or producing income, or that was acquired in part for that purpose, ceases in whole or in part to be used for that purpose and becomes, or becomes part of, the principal residence of the taxpayer, paragraphs (1)(a) and (c) shall not apply to deem the taxpayer to have disposed of the property at that time and to have reacquired it immediately thereafter if the SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses taxpayer so elects by notifying the Minister in writing on or before the earlier of (a) the day that is 90 days after a demand by the Minister for an election under this subsection is sent to the taxpayer, and (b) the taxpayer’s filing-due date for the taxation year in which the property is actually disposed of by the taxpayer. Where election cannot be made
Exception Impôt sur le revenu
Notwithstanding subsection 45(3), an election described in that subsection shall be deemed not to have been made in respect of a change in use of property if a deduction in respect of the property has been allowed for any taxation year ending after 1984 and on or before the change in use under regulations made under paragraph 20(1)(a) to the taxpayer, the taxpayer’s spouse or common-law partner or a trust under which the taxpayer or the taxpayer’s spouse or common-law partner is a beneficiary.
(a) the adjusted cost base to the taxpayer of the property immediately before the disposition shall be deemed to be the greater of $1,000 and the amount otherwise determined to be its adjusted cost base to the taxpayer at that time; and (b) the taxpayer’s proceeds of disposition of the property shall be deemed to be the greater of $1,000 and the taxpayer’s proceeds of disposition of the property otherwise determined. Where part only of property disposed of
Where a taxpayer has disposed of part of a personal-use property (other than a part of an excluded property disposed of in circumstances to which subsection 110.1(1), or the definition total charitable gifts, total cultural gifts or total ecological gifts in subsection 118.1(1), applies) owned by the taxpayer and has retained another part of the property, for the purposes of this Subdivision (a) the adjusted cost base to the taxpayer, immediately before the disposition, of the part so disposed of shall be deemed to be the greater of (i) the adjusted cost base to the taxpayer at that time of that part otherwise determined, and (ii) that proportion of $1,000 that the amount determined under subparagraph 46(2)(a)(i) is of the adjusted cost base to the taxpayer at that time of the whole property; and (b) the proceeds of disposition of the part so disposed of shall be deemed to be the greater of (i) the proceeds of disposition of that part otherwise determined, and Properties ordinarily disposed of as a set
For the purposes of this Subdivision, where a number of personal-use personal-use properties of a taxpayer that would, if the properties were disposed of, ordinarily be disposed of in one disposition as a set, (a) have been disposed of by more than one disposition so that all of the properties have been acquired by one person or by a group of persons not dealing with each other at arm’s length, and (b) had, immediately before the first disposition referred to in paragraph 46(3)(a), a total fair market value greater than $1,000, the properties shall be deemed to be a single personal-use property and each such disposition shall be deemed to be a disposition of a part of that property. Decrease in value of personal-use property of corporation, etc.
le bien au titre duquel le prix d’achat impayé était exigible. Exception
Where it may reasonably be regarded that, by reason of a decrease in the fair market value of any personal-use property of a corporation, partnership or trust, (a) a taxpayer’s gain, if any, from the disposition of a share of the capital stock of a corporation, an interest in a trust or an interest in a partnership has become a loss, or is less than it would have been if the decrease had not occurred, (b) a taxpayer's loss, if any, from the disposition of a share or interest described in paragraph 46(4)(a) is greater than it would have been if the decrease had not occurred, the amount of the gain or loss, as the case may be, shall be deemed to be the amount that it would have been but for the decrease.
Le paragraphe (1) ne s’applique pas à une société résidant au Canada pour une année d’imposition relativement à une créance de la société dont une personne non-résidente est débitrice si les conditions suivantes sont réunies : a) la société n’est liée à la personne non-résidente à aucun moment de la période de l’année pendant laquelle la créance est due; b) la créance a pris naissance du fait que la société a vendu des marchandises à la personne non-résidente, ou lui a fourni des services, dans le cours normal de son entreprise; c) les modalités de la créance sont telles que des personnes sans lien de dépendance auraient été prêtes à les conclure au moment de leur conclusion. Personnes liées et société étrangère affiliée contrôlée
For the purpose of this section, excluded property of a taxpayer means property acquired by the taxpayer, or by a person with whom the taxpayer does not deal at arm’s length, in circumstances in which it is reasonable to conclude that the acquisition of the property relates to an arrangement, plan or scheme that is promoted by any other person or partnership and under which it is reasonable to conclude that the property will be the subject of a gift to which subsection 110.1(1), or the definition total charitable gifts, total cultural gifts or total ecological gifts in subsection 118.1(1), applies.
Pour l’application du présent article, pour déterminer si des personnes sont liées les unes aux autres ou si une société non-résidente est une société étrangère affiliée contrôlée d’une société résidant au Canada à un moment donné, les présomptions suivantes s’appliquent : a) chaque associé d’une société de personnes est réputé être propriétaire de la proportion d’actions d’une catégorie de capital-actions d’une société appartenant à la société de personnes à ce moment que représente le produit de la multiplication du nombre de ces actions par le rapport entre : (i) d’une part, la juste valeur marchande de la participation de l’associé dans la société de personnes à ce moment, (ii) d’autre part, la juste valeur marchande de l’ensemble des participations dans la société de personnes à ce moment, b) chaque bénéficiaire d’une fiducie non discrétionnaire est réputé être propriétaire de la proportion d’actions d’une catégorie de capital-actions d’une société appartenant à la fiducie à ce moment que représente le produit de la multiplication du nombre de ces actions par le rapport entre : (i) d’une part, la juste valeur marchande de la participation du bénéficiaire dans la fiducie à ce moment, Personnes liées
(a) the taxpayer shall be deemed to have disposed of each such previously-acquired property immediately before the particular time for proceeds equal to its adjusted cost base to the taxpayer immediately before the particular time; (b) the taxpayer shall be deemed to have acquired the identical property at the particular time at a cost equal to the quotient obtained when (i) the total of the adjusted cost bases to the taxpayer immediately before the particular time of the previously-acquired properties, and the cost to the taxpayer (determined without reference to this section) of the newly-acquired properties is divided by (ii) the number of the identical properties owned by the taxpayer immediately after the particular time; (c) there shall be deducted, after the particular time, in computing the adjusted cost base to the taxpayer of each such identical property, the amount determined by the formula A is the total of all amounts deducted under paragraph 53(2)(g.1) in computing immediately before the particular time the adjusted cost base to the taxpayer of the previously-acquired properties, and B is the number of such identical properties owned by the taxpayer immediately after the particular time or, where subsection 47(2) applies, the quotient determined under that subsection in respect of the acquisition; and (d) there shall be added, after the particular time, in computing the adjusted cost base to the taxpayer of each such identical property the amount determined under paragraph 47(1)(c) in respect of the identical property. Where identical properties are bonds, etc.
Pour l’application du présent article, pour déterminer si des personnes sont liées les unes aux autres à un moment donné, les auteurs d’une fiducie, sauf une fiducie non discrétionnaire, sont chacun réputés être propriétaires des actions d’une catégorie du capital-actions d’une société appartenant à la fiducie à ce moment. Lien entre personnes (11.1) Pour l’application du présent article, lorsqu’il s’agit de déterminer, à un moment donné, si des personnes sont liées entre elles, le droit visé au sous-alinéa 251(5)(b)(i) qui existe à ce moment est réputé ne pas exister dans la mesure où son exercice est interdit à ce moment par une loi du pays, limitant la propriété ou le contrôle étrangers de la société, et dans le cadre du régime de loi duquel la société a été constituée ou prorogée la dernière fois et est régie. Prêts multiples (11.2) Pour l’application du paragraphe (2) et de l’alinéa (3)(b), lorsqu’une personne non-résidente ou une société de personnes dont chacun des associés est non-résident (appelée « prêteur intermédiaire » au présent paragraphe) consent un prêt à une personne non-résidente ou à une société de personnes dont chacun des associés est non-résident (appelée « emprunteur visé » au présent paragraphe) du fait qu’elle a reçu un prêt d’une autre personne non-résidente ou d’une société de personnes dont chacun des associés est non-résident (appelée « prêteur initial » au présent paragraphe), les présomptions suivantes s’appliquent : a) le prêt consenti par le prêteur intermédiaire à l’emprunteur visé est réputé avoir été consenti par le prêteur initial à l’emprunteur visé (jusqu’à concurrence du prêt consenti par le prêteur initial au prêteur intermédiaire ou, s’il est moins élevé, du prêt consenti par le prêteur intermédiaire à l’emprunteur visé) selon les mêmes modalités auxquelles il a été consenti et à la même date où il a été consenti par le prêteur intermédiaire; b) le prêt consenti par le prêteur initial au prêteur intermédiaire et le prêt consenti par le prêteur intermédiaire à l’emprunteur visé sont réputés ne pas avoir été consentis jusqu’à concurrence du prêt réputé avoir été consenti aux termes de l’alinéa a). Definitions montant de revenu qu’elle serait tenue par ailleurs, aux termes du paragraphe (1), d’inclure dans le calcul de son revenu pour une année d’imposition, ces actions sont réputées appartenir à cette personne ou société de personnes; b) lorsqu’une personne ou une société de personnes acquiert des actions du capital-actions d’une société, ou dispose de telles actions, directement ou indirectement, et qu’il est raisonnable de considérer que la principale raison de l’acquisition ou de la disposition des actions est de permettre à une société d’éviter ou de réduire le montant de revenu qu’elle serait tenue par ailleurs, aux termes du paragraphe (1), d’inclure dans le calcul de son revenu pour une année d’imposition, ces actions sont réputées ne pas avoir été acquises ou ne pas avoir fait l’objet d’une disposition, selon le cas, et, si elles n’avaient pas été émises par la société immédiatement avant l’acquisition, ne pas avoir été émises. Définitions
For the purposes of subsection 47(1), where a group of identical properties referred to in that subsection is a group of identical bonds, debentures, bills, notes or similar obligations issued by a debtor, subparagraph 47(1)(b)(ii) shall be read as follows: “(ii) the quotient obtained when the total of the principal amounts of all such identical properties owned by the taxpayer immediately after the particular time is divided by the principal amount of the identical property.” Securities acquired by employee
Les définitions qui suivent s’appliquent au présent article. société étrangère affiliée contrôlée À un moment donné, par un contribuable résident au Canada, s’entend d’une société qui, à ce moment, serait une société étrangère affiliée contrôlée du contribuable au sens de la définition de société étrangère affiliée au paragraphe 95(1) si le mot « ou » était ajouté à la fin de l’alinéa a) de cette définition et a) le sous-alinéa b)(ii) de cette définition était remplacé par « toutes les actions du capital-actions de la société étrangère affiliée qui sont détenues à ce moment par des personnes résidant au Canada qui ont un lien de dépendance avec le contribuable; »; b) le sous-alinéa b)(iv) de cette définition était remplacé par « toutes les actions du capital-actions de la société étrangère affiliée qui sont détenues à ce moment par des personnes résidant au Canada qui ont un lien de dépendance avec tout actionnaire canadien pertinent. ». (controlled foreign affiliate) prêt ou transfert de biens exclu a) Prêt consenti par une société résidant au Canada à un taux d’intérêt qui n’est pas inférieur à celui sur lequel un prêteur et un emprunteur auraient été prêts à s’entendre s’il n’avait eu entre eux aucun lien de dépendance au moment où le prêt a été consenti; (d) a payment made by a corporation resident in Canada on a reduction of the paid-up capital in respect of shares of a class of its capital stock (not exceeding the total amount of the reduction). (prêt ou transfert de biens exclu) [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 17; 1999, c. 22, s. 8; 2001, c. 17, s. 8; 2007, c. 35, s. 10; 2014, c. 39, s. 5. b) transfert de biens (sauf celui effectué en vue d’acquérir des actions du capital-actions d’une société étrangère affiliée d’une société ou d’une société étrangère affiliée d’une personne résidant au Canada avec laquelle la société avait un lien de dépendance) ou paiement d’un montant dont elle est débitrice, effectué conformément à une convention dont les modalités sont telles que des personnes n’ayant entre elles aucun lien de dépendance au moment de la conclusion de la convention auraient été prêtes à les accepter; c) dividende versé par une société résidant au Canada sur des actions d’une catégorie de son capital-actions; d) paiement fait par une société résidant au Canada sur une réduction du capital versé au titre des actions d’une catégorie de son capital-actions, qui n’excède pas le montant total de la réduction. (exempt loan or transfer) société étrangère affiliée contrôlée Société qui, à un moment donné, serait une société étrangère affiliée contrôlée, au sens du paragraphe b)(i), d’un contribuable résident au Canada si, à la fois : a) le sous-alinéa b)(i) de la définition de « société étrangère affiliée contrôlée » de ce paragraphe avait le libellé suivant : « les actions du capital-actions de la société affiliée qui appartiennent, à ce moment, à des personnes résidant au Canada qui ont un lien de dépendance avec lui »; b) le sous-alinéa b)(iv) de cette définition avait le libellé suivant : « les actions du capital-actions de la société affiliée qui appartiennent, à ce moment, à des personnes résidant au Canada qui ont un lien de dépendance avec un actionnaire canadien intéressé ». (controlled foreign affiliate) [NOTE: Les dispositions d’application ne sont pas incluses dans le présent texte consolidé; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 17; 1999, ch. 22, art. 8; 2001, ch. 17, art. 8; 2007, ch. 35, art. 10; 2014, ch. 39, art. 5. Revenu d’intérêts réputé — articles 15 et 212.3
For the purpose of subsection (1), a security (within the meaning assigned by subsection 7(7)) acquired by a taxpayer after February 27, 2000 is deemed not to be identical to any other security acquired by the taxpayer if (a) the security is acquired in circumstances to which any of subsections 7(1), (1.5) or (8) or 147(10.1) applies; or (b) it is a security to which subsection 7(1.31) applies.
A - B where a) l’article 17 ne s’applique pas relativement à la somme due; b) la somme éventuelle obtenue par la formule ci-après est à inclure dans le calcul du revenu de la société résidente pour l’année ou dans le calcul du revenu de la société de personnes canadienne admissible pour l’exercice, selon le cas : A - B où : A représente la plus élevée des sommes suivantes : (i) le montant d’intérêts qui serait inclus dans le calcul du revenu de la société résidente pour l’année ou dans le calcul du revenu de la société de personnes canadienne admissible pour l’exercice, selon le cas, au titre de la somme due pour la période donnée de l’année ou de l’exercice au cours de laquelle la somme due était un prêt ou une dette déterminé si ces intérêts étaient calculés au taux prescrit pour cette période, (ii) le total des montants d’intérêts à payer, relativement à la période donnée de l’année ou de l’exercice au cours de laquelle la somme due était un prêt ou une dette déterminé, par la société résidente, par la société de personnes canadienne admissible, par une personne résidant au Canada avec laquelle la société résidente avait un lien de dépendance au moment où la somme due a pris naissance ou par une société de personnes dont la société résidente ou la personne est un associé, au titre d’une créance — conclue dans le cadre d’une série d’opérations ou d’événements qui comprend l’opération ayant donné naissance à la somme due — dans la mesure où il est raisonnable de considérer que le produit de la créance a servi, directement ou indirectement, à financer, en tout ou en partie, la somme due, B toute somme incluse dans le calcul du revenu de la société résidente pour l’année ou dans le calcul du revenu de la société de personnes canadienne admissible pour l’exercice, selon le cas, au titre ou en règlement total ou partiel d’intérêts au titre de la somme due pour la période de l’année ou de l’exercice au cours de laquelle la somme était un prêt ou une dette déterminé. Acquisition de contrôle
Capital losses in 1986
Si une entité mère ou un groupe d’entités mères visés à l’article 212.3 acquiert le contrôle d’une société résidente à un moment donné et que celle-ci n’était pas contrôlée par une personne non-résidente ou un groupe de personnes non-résidentes qui ont des liens de Income Tax PART I Income Tax DIVISION B Computation of Income
Notwithstanding any other provision of this Act, where paragraph 47.1(10)(f) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as that paragraph read on January 1, 1986, applied in respect of the termination before 1986 of an indexed security investment plan under which a taxpayer was a participant, any amount that would have been deemed under that paragraph to be a capital loss of the taxpayer from the Plan for the 1986 or a subsequent taxation year shall be deemed to be a capital loss of the taxpayer for the 1986 taxation year from the disposition of property in 1986. Transition for 1986
Tax treaties Deductions General limitations General limitation Capital outlay or loss Limitation re exempt income (d) the annual value of property except rent for property leased by the taxpayer for use in the taxpayer’s business; Impôt sur le revenu
Where a taxpayer was a participant under a Plan on January 1, 1986, the following rules apply: (a) each indexed security owned under the Plan by the taxpayer on that date shall be deemed to have been disposed of under the Plan on that date for proceeds of disposition determined by the formula A is the indexing base of the Plan on that date determined as if subparagraph 47.1(3)(a)(i) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, were read as “the fair market value of all indexed securities owned by the taxpayer under the Plan at the end of the preceding taxation year”, B is the fair market value of the security on that date, and C is the fair market value of all indexed securities owned under the Plan by the taxpayer on that date; (b) each indexed security deemed under paragraph 47.1(28)(a) to have been disposed of under the Plan shall be deemed to have been reacquired outside the Plan by the taxpayer immediately after that date at a cost equal to the amount deemed under paragraph 47.1(28)(a) to be the proceeds of the disposition of that security; (c) each put or call option referred to in clause 47.1(4)(a)(iv)(B) or (C) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as that clause read on January 1, 1986, outstanding under the Plan on that date shall be deemed to have been closed out under the Plan on that date at a cost equal to the amount that the taxpayer would have had to pay on that date if the taxpayer had actually closed out the option on a prescribed stock exchange in Canada on that date; (d) each put or call option deemed under paragraph 47.1(28)(c) to have been closed out shall be deemed to be written outside the Plan immediately after that date for proceeds equal to the amount deemed under paragraph 47.1(28)(c) to be the cost at which the option was closed out; and (e) for greater certainty, the taxpayer’s indexed gain or loss, as the case may be, for the 1986 taxation year from the Plan and unindexed gain or loss, as the case may be, for that year from the Plan shall be nil. Gain when small business corporation becomes public (a) at any time in a taxation year an individual owns capital property that is a share of a class of the capital stock of a corporation that, (i) at that time, is a small business corporation, and (ii) immediately after that time, ceases to be a small business corporation because a class of its or another corporation’s shares is listed on a designated stock exchange, and SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses (b) the individual elects in prescribed form to have this section apply, the individual is deemed, except for the purposes of sections 7 and 35, paragraph 110(1)(d.1) and subsections 120.4(4) and (5), (c) to have disposed of the share at that time for proceeds of disposition equal to the greater of (i) the adjusted cost base to the individual of the share at that time, and (ii) the lesser of the fair market value of the share at that time and such amount as is designated in the prescribed form by the individual in respect of the share, and (d) to have reacquired the share immediately after that time at a cost equal to those proceeds of disposition. Time for election
An election made under subsection 48.1(1) by an individual for a taxation year shall be made on or before the individual’s filing-due date for the year. Late filed election
Where the election referred to in subsection 48.1(2) was not made on or before the day referred to therein, the election shall be deemed for the purposes of subsections 48.1(1) and 48.1(2) to have been made on that day if, on or before the day that is 2 years after that day, (a) the election is made in prescribed form; and (b) an estimate of the penalty in respect of that election is paid by the individual when the election is made. Penalty for late filed election
For the purposes of this section, the penalty in respect of an election referred to in paragraph 48.1(3)(a) is an amount equal to the lesser of (a) 1/4 of 1% of the amount, if any, by which for each month or part of a month during the period commencing on the day referred to in subsection
dépendance entre elles, immédiatement avant ce moment, aucune somme n’est à inclure, en application du paragraphe (1), dans le calcul du revenu de la société résidente au titre d’un prêt ou dette déterminé, au sens du paragraphe 212.3(11), pour la période commençant au moment donné et se terminant 180 jours après ce moment. Traités fiscaux
(b) an amount equal to the product obtained by multiplying $100 by the number of months each of which is a month all or part of which is during the period referred to in paragraph 48.1(4)(a).
Le prêt ou la dette qui, en l’absence du présent paragraphe, serait un prêt ou dette déterminé est réputé ne pas l’être si, par l’effet d’une disposition d’un traité fiscal, la somme incluse dans le calcul du revenu de la société résidente pour une année d’imposition ou de la société de personnes canadienne admissible pour une période d’exercice, selon le cas, au titre du prêt ou de la dette est inférieure à ce qu’elle serait si le traité fiscal ne s’appliquait pas. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2012, ch. 31, art. 6; 2021, ch. 23, art. 5. Déductions Exceptions d’ordre général 18 (1) En calcul du revenu du contribuable tiré d’une entreprise ou d’un bien, les éléments suivants ne sont pas déductibles : Restriction générale a) les dépenses, sauf dans la mesure où elles ont été engagées ou effectuées par le contribuable en vue de tirer un revenu de l’entreprise ou du bien; Dépense ou perte en capital b) une dépense en capital, une perte en capital ou un remplacement de capital, un paiement à titre de capital ou une provision pour amortissement, désuétude ou épuisement, sauf ce qui est expressément permis par la présente partie; Restriction concernant le revenu exonéré c) les dépenses, dans la mesure où il est raisonnable de les considérer comme engagées ou effectuées en vue de tirer un revenu exonéré ou à l’égard d’un bien dont le revenu serait exonéré; Valeur annuelle des biens d) la valeur annuelle des biens, sauf le loyer des biens loués par le contribuable pour usage dans son entreprise; Income Tax PART I Income Tax DIVISION B Computation of Income
The Minister shall, with all due dispatch, examine each election referred to in paragraph 48.1(3)(a), assess the penalty payable and send a notice of assessment to the individual, who shall pay forthwith to the Receiver General the amount, if any, by which the penalty so assessed exceeds the total of all amounts previously paid on account of that penalty.
Reserves, etc. Unpaid claims under insurance policies Payments on income bonds (i) an employees profit sharing plan, Impôt sur le revenu
(b) an option granted by a corporation to acquire shares of its capital stock or bonds or debentures to be issued by it, or (c) an option granted by a trust to acquire units of the trust to be issued by the trust, is a disposition of a property the adjusted cost base of which to the grantor immediately before the grant is nil.
If at any time an option described in paragraph (1)(b) expires, the corporation that granted the option is deemed to have disposed of capital property at that time for proceeds equal to the proceeds received by it for the granting of the option, and the adjusted cost base to the corporation of that capital property immediately before that time is deemed to be nil, unless (a) the option is held, at that time, by a person who deals at arm’s length with the corporation and the option was granted by the corporation to a person who was dealing at arm’s length with the corporation at the time that the option was granted, or (b) the option is an option to acquire shares of the capital stock of the corporation in consideration for the incurring, pursuant to an agreement described in paragraph (e) of the definition Canadian exploration and development expenses in subsection 66(15), paragraph (i) of the definition Canadian exploration expense in subsection 66.1(6), paragraph (g) of the definition Canadian development expense in subsection 66.2(5) or paragraph (c) of the definition Canadian oil and gas property expense in subsection 66.4(5), of any expense described in whichever of those paragraphs is applicable. (2.1) If, at a particular time, an option referred to in paragraph (1)(c) expires, and the option is held at that time by a person who does not deal at arm’s length with the trust or was granted to a person who did not deal at arm’s length with the trust at the time that the option was granted, (a) the trust is deemed to have disposed of capital property at that particular time for proceeds equal to the proceeds received by it for the granting of the option; and (b) the adjusted cost base to the trust of that capital property immediately before that particular time is deemed to be nil. Where option to acquire exercised
Where an option to acquire property is exercised so that property is disposed of by a taxpayer (in this subsection referred to as the “vendor”) or so that property is acquired by another taxpayer (in this subsection referred to as the “purchaser”), for the purpose of computing the income of each such taxpayer the granting and the exercise of the option shall be deemed not to be dispositions of property and there shall be included (a) in computing the vendor’s proceeds of disposition of the property, the consideration received by the vendor for the option; and (b) in computing the cost to the purchaser of the property, (i) where paragraph 53(1)(j) applied to the acquisition of the property by the purchaser because a person who did not deal at arm’s length with the purchaser was deemed because of the acquisition to have received a benefit under section 7, the adjusted cost base to that person of the option immediately before that person last disposed of the option, and (ii) in any other case, the adjusted cost base to the purchaser of the option. (a) there shall be deducted after that time in computing the adjusted cost base to the taxpayer of the specified property the total of all amounts deducted under paragraph 53(2)(g.1) in computing, immediately before that time, the adjusted cost base to the taxpayer of the option; and (b) the amount determined under paragraph 49(3.01)(a) in respect of that acquisition shall be added after that time in computing the adjusted cost base to the taxpayer of the specified property. Where option to dispose exercised (3.1) Where an option to dispose of property is exercised so that property is disposed of by a taxpayer (in this subsection referred to as the “vendor”) or so that property is acquired by another taxpayer (in this subsection referred to as the “purchaser”), for the purpose of computing the income of each such taxpayer the granting and the exercise of the option shall be deemed not to be dispositions of property and there shall be deducted (a) in computing the vendor’s proceeds of disposition of the property, the adjusted cost base to the vendor of the option; and (b) in computing the cost to the purchaser of the property, the consideration received by the purchaser for the option. Option granted before February 23, 1994 (3.2) Where an individual (other than a trust) who disposes of property pursuant to the exercise of an option that was granted by the individual before February 23, 1994 so elects in the individual’s return of income for the taxation year in which the disposition occurs, subsection 49(3) does not apply in respect of the disposition in computing the income of the individual. Reassessment where option exercised in subsequent year (a) an option granted by a taxpayer in a taxation year (in this subsection referred to as the “initial year”) is exercised in a subsequent taxation year (in this subsection referred to as the “subsequent year”), (b) the taxpayer has filed a return of the taxpayer’s income for the initial year as required by section 150, and (c) on or before the day on or before which the taxpayer was required by section 150 to file a return of the taxpayer’s income for the subsequent year, the taxpayer has filed an amended return for the initial year excluding from the taxpayer’s income the proceeds received by the taxpayer for the granting of the option, such reassessment of the taxpayer’s tax, interest or penalties for the year shall be made as is necessary to give effect to the exclusion.
Where a taxpayer has granted an option (in this subsection referred to as the “original option”) to which subsection 49(1), 49(2) or 49.2(1) applies, and grants one or more extensions or renewals of that original option, (a) for the purposes of subsections 49(1), 49(2) and 49.2(1), the granting of each extension or renewal shall be deemed to be the granting of an option at the time that the extension or renewal is granted; (b) for the purposes of subsections (2) to (4) and subsection 248(1) of the definition disposition in paragraph (b)(iv) of the definition disposition in subsection 248(1), the original option and each extension or renewal of it is deemed to be the same option; and (c) subsection 49(4) shall be read as if the year in which the original option was granted and each year in which any extension or renewal thereof was granted were all initial years.
Provision, etc. e) un montant au titre d’une provision, d’une éventualité ou d’un fonds d’amortissement, sauf ce qui est expressément permis par la présente partie; Réclamations non réglées e.1) un montant au titre des réclamations soumises à un assureur avant la fin de l’année dans le cadre de polices d’assurance et non réglées à la fin de l’année, sauf ce qui est expressément permis par la présente partie; Versements sur obligations vendues au rabais f) une somme payée ou payable au titre du principal d’une obligation visée à l’alinéa 20(1)f), sauf autorisation expresse en vertu des dispositions de ce dernier alinéa; Versements sur obligations à intérêt conditionnel g) une somme versée par une société, à titre d’intérêt ou à tout autre titre, aux détenteurs de ses obligations à intérêt conditionnel, à moins que les obligations n’aient été émises en vertu de dispositions qu’elle renferme relatives aux intérêts et adoptées depuis 1930 aux fins suivantes : (i) accorder un allégement au débiteur qui est aux prises avec des difficultés financières, (ii) remplacer ou modifier des obligations qui, à la fin de 1930, portaient un taux d’intérêt fixe sans condition; Frais personnels ou de subsistance h) le montant des frais personnels ou de subsistance du contribuable — à l’exception des frais de déplacement engagés par celui-ci dans le cadre de l’exploitation de son entreprise pendant qu’il était absent de chez lui; Limite quant aux cotisations patronales en vertu d’un régime de prestations supplémentaires de chômage i) une somme payée par un employeur à un fiduciaire en vertu d’un régime de prestations supplémentaires de chômage, sauf dans la mesure permise par l’article 145; Limite quant aux cotisations patronales en vertu d’un régime de participation différée aux bénéfices j) une somme payée par un employeur à un fiduciaire en vertu d’un régime de participation différée aux bénéfices, sauf ce qui est expressément permis par l’article 147; (ii) a deferred profit sharing plan, or (iii) a pooled registered pension plan or registered pension plan; Use of recreational facilities and club dues Safety deposit box Limitation re employee stock option expenses Political contributions Limite quant aux cotisations patronales en vertu d’un régime de participation aux bénéfices k) une somme payée par un employeur à un fiduciaire en vertu d’un régime de participation aux bénéfices qui n’est : (i) ni un régime de participation des employés aux bénéfices, (ii) ni un régime de participation différée aux bénéfices, (iii) ni un régime de pension agréé ou un régime de pension agréé collectif; Dépense relative aux loisirs l) une dépense engagée ou effectuée par le contribuable après 1971 : (i) soit pour l’usage ou l’entretien d’un bien qui est un bateau de plaisance, un pavillon, un chalet-hôtel ou un terrain ou une installation de golf, sauf si le contribuable a engagé ou effectué cette dépense dans le cours normal des activités de son entreprise qui consiste à fournir ce bien contre rémunération, (ii) soit à titre de cotisation (droit d’inscription ou autre) à une association dont l’objet principal consiste à fournir à ses membres des installations pour les loisirs, le sport ou les repas; Compartiment de coffre-fort
NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; 2000, c. 19, s. 3. Debts established to be bad debts and shares of bankrupt corporation
l.1) toute somme payée ou à payer au titre de l’utilisation d’un compartiment de coffre-fort d’une institution financière; Restriction – dépenses liées aux options d’achat d’actions d’employés m) une somme à l’égard de laquelle le choix prévu au paragraphe 110(1.1) a été fait par le contribuable ou pour son compte; Contribution à fin politique n) une contribution versée à des fins politiques; Cotisations à un régime de prestations aux employés o) une somme payée ou payable à titre de cotisation à un régime de prestations aux employés; Dépenses en vertu d’une entente d’échelonnement du traitement o.1) sauf ce qui est expressément prévu aux alinéas 20(1)(oo) et pp), une dépense engagée ou effectuée en vertu d’une entente d’échelonnement du traitement Certain automobile expenses Loans or lending assets Impôt sur le revenu
(a) a debt owing to a taxpayer at the end of a taxation year (other than a debt owing to the taxpayer in respect of the disposition of personal-use property) is established by the taxpayer to have become a bad debt in the year, or (b) a share (other than a share received by a taxpayer as consideration in respect of the disposition of personal-use property) of the capital stock of a corporation is owned by the taxpayer at the end of a taxation year and (i) the corporation has during the year become a bankrupt, (ii) the corporation is a corporation referred to in section 6 of the Winding-up and Restructuring Act that is insolvent (within the meaning of that Act) and in respect of which a winding-up order under that Act has been made in the year, or (iii) at the end of the year, (A) the corporation is insolvent, (B) neither the corporation nor a corporation controlled by it carries on business, (C) the fair market value of the share is nil, and (D) it is reasonable to expect that the corporation will be dissolved or wound up and will not commence to carry on business and the taxpayer elects in the taxpayer’s return of income for the year to have this subsection apply in respect of the debt or the share, as the case may be, the taxpayer shall be deemed to have disposed of the debt or the share, as the case may be, at the end of the year for proceeds equal to nil and to have reacquired it immediately after the end of the year at a cost equal to nil. (a) a taxpayer is deemed because of subparagraph 50(1)(b)(iii) to have disposed of a share of the capital stock of a corporation at the end of a taxation year, and (b) the taxpayer or a person with whom the taxpayer does not deal at arm’s length owns the share at the end of the year, SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses (b) the taxpayer or a person with whom the taxpayer is not dealing at arm’s length owns the share at the earliest time, during the 24-month period immediately following the disposition, that the corporation or a corporation controlled by it carries on business, the taxpayer or the person, as the case may be, shall be deemed to have disposed of the share at that earliest time for proceeds of disposition equal to its adjusted cost base to the taxpayer determined immediately before the time of the disposition referred to in paragraph 50(1.1)(a) and to have reacquired it immediately after that earliest time at a cost equal to those proceeds.
Where at the end of a taxation year a debt that is a personal-use property of a taxpayer is owing to the taxpayer by a person with whom the taxpayer deals at arm’s length and is established by the taxpayer to have become a bad debt in the year, (a) the taxpayer shall be deemed to have disposed of it at the end of the year for proceeds equal to the amount, if any, by which (i) its adjusted cost base to the taxpayer immediately before the end of the year (ii) the amount of the taxpayer’s gain, if any, from the disposition of the personal-use property the proceeds of disposition of which included the debt; (b) the taxpayer shall be deemed to have reacquired the debt immediately after the end of the year at a cost equal to the amount of the proceeds determined under paragraph 50(2)(a).
Each trust that was at the end of 1985 governed by a registered home ownership savings plan (within the meaning assigned by paragraph 146.2(1)(h) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as read in its application to the 1985 taxation year) shall be deemed to have disposed, immediately before 1986, of each property it holds at that time for proceeds of disposition equal to the fair market value of the property at that time and to have reacquired it immediately after 1985 at a cost equal to that fair market value.
(a) a capital property of the taxpayer that is another share of the corporation (in this section referred to as a “convertible property”), or (b) a capital property of the taxpayer that is a bond, debenture or note of the corporation the terms of which confer on the holder the right to make the exchange (in this section referred to as a “convertible property”) and no consideration other than the share is received by the taxpayer for the convertible property, (c) except for the purposes of subsections 20(21) and 44.1(6) and (7) and paragraph 94(2)(m), the exchange is deemed not to be a disposition of the convertible property, (d) the cost to the taxpayer of all the shares of a particular class acquired by the taxpayer on the exchange shall be deemed to be the amount determined by the formula A is the adjusted cost base to the taxpayer of the convertible property immediately before the exchange, B is the fair market value, immediately after the exchange, of all the shares of the particular class acquired by the taxpayer on the exchange, and C is the fair market value, immediately after the exchange, of all the shares acquired by the taxpayer on the exchange, (d.1) there shall be deducted, after the exchange, in computing the adjusted cost base to the taxpayer of a share acquired by the taxpayer on the exchange, the amount determined by the formula A is the total of all amounts deducted under paragraph 53(2)(g.1) in computing, immediately before the exchange, the adjusted cost base to the taxpayer of the convertible property, B is the fair market value, immediately after the exchange, of that share, and C is the fair market value, immediately after the exchange, of all the shares acquired by the taxpayer on the exchange. SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses C is the fair market value, immediately after the exchange, of all the shares acquired by the taxpayer on the exchange, (d.2) the amount determined under paragraph 51(1)(d.1) in respect of a share shall be added, after the exchange, in computing the adjusted cost base to the taxpayer of the share, (e) for the purposes of sections 74.4 and 74.5, the exchange shall be deemed to be a transfer of the convertible property by the taxpayer to the corporation, and (f) where the convertible property is taxable Canadian property of the taxpayer, the share acquired by the taxpayer on the exchange is deemed to be, at any time that is within 60 months after the exchange, taxable Canadian property of the taxpayer. (a) shares of the capital stock of a corporation have been acquired by a taxpayer in exchange for a convertible property in circumstances such that, but for this subsection, subsection 51(1) would have applied, (b) the fair market value of the convertible property immediately before the exchange exceeds the fair market value of the shares immediately after the exchange, and (c) it is reasonable to regard any portion of the excess (in this subsection referred to as the “gift portion”) as a benefit that the taxpayer is deemed to have conferred on a person related to the taxpayer, the following rules apply: (d) the taxpayer shall be deemed to have disposed of the convertible property for proceeds of disposition equal to the lesser of (i) the total of its adjusted cost base to the taxpayer immediately before the exchange and the gift portion, and (ii) the fair market value of the convertible property immediately before the exchange, (e) the taxpayer’s capital loss from the disposition of the convertible property shall be deemed to be nil, and (f) the cost to the taxpayer of all the shares of a particular class acquired in exchange for the convertible property shall be deemed to be that proportion of the lesser of (i) the adjusted cost base to the taxpayer of the convertible property immediately before the exchange, and (ii) the total of the fair market value immediately after the exchange of all the shares acquired by the taxpayer in exchange for the convertible property and the amount that, but for paragraph 51(2)(e), would have been the taxpayer's capital loss on the disposition of the convertible property, (iii) the fair market value, immediately after the exchange, of all the shares of the particular class acquired by the taxpayer on the exchange is of (iv) the fair market value, immediately after the exchange, of all the shares acquired by the taxpayer on the exchange.
Convention de retraite o.2) sauf ce qui est prévu à l’alinéa 20(1)r), les cotisations versées dans le cadre d’une convention de retraite; Fiducie de soins de santé au bénéfice d’employés o.3) sauf ce qui est expressément prévu à l’alinéa 20(1)s), les cotisations versées à une fiducie de soins de santé au bénéfice d’employés; Dépenses restreintes des entreprises de prestation de services personnels p) une dépense, dans la mesure où elle est engagée ou effectuée par une société au cours d’une année d’imposition en vue de tirer un revenu d’une entreprise de prestation de services personnels, à l’exception : (i) du salaire, du traitement ou d’une autre rémunération versés au cours de l’année à un actionnaire constitué en société de la société, (ii) du coût, pour la société, de tout autre avantage ou allocation accordé à un actionnaire constitué en société au cours de l’année, (iii) d’un montant dépensé par la société et lié à la vente de biens ou à la négociation de contrats par la société, lorsque le montant aurait été déductible dans le calcul du revenu d’un actionnaire constitué en société pour une année d’imposition tiré d’une charge ou d’un emploi si l’avait dépensé en vertu d’un contrat d’emploi qui l’obligeait à verser le montant, (iv) d’un montant versé par la société au cours de l’année au titre des frais judiciaires ou extrajudiciaires engagés pour recouvrer des sommes qui lui étaient dues pour services rendus, qui serait, si le revenu de la société était tiré d’une entreprise autre qu’une entreprise de prestation de services personnels, déductible dans le calcul de son revenu; Restriction concernant la résiliation d’un bail q) une somme payée ou payable par le contribuable en vue de la résiliation d’un bail portant sur des biens du contribuable loués par ce dernier à une autre personne sauf dans la mesure permise par l’alinéa 20(1)z ou z.1); Income Tax PART I Income Tax DIVISION B Computation of Income
Where subsection 51(1) applies to the exchange of convertible property described in paragraph 51(1)(a) (referred to in this subsection as the “old shares”), in computing the paid-up capital in respect of a particular class of shares of the capital stock of the corporation at any particular time that is the time of, or any time after, the exchange (a) there shall be deducted the amount determined by the formula A is the total of all amounts each of which is the amount of the increase, if any, as a result of the exchange, in the paid-up capital in respect of a class of shares of the capital stock of the corporation, computed without reference to this subsection as it applies to the exchange, B is the paid-up capital immediately before the exchange in respect of the old shares, and C is the increase, if any, as a result of the exchange, in the paid-up capital in respect of the particular class of shares, computed without reference to this subsection as it applies to the exchange; and (b) there shall be added an amount equal to the lesser of (i) the amount, if any, by which (A) the total of all amounts deemed by subsection 84(3), 84(4) or 84.1(1) to be a dividend on shares of that class paid by the corporation before the particular time (B) the total that would be determined under clause 51(3)(b)(i)(A) if this Act were read without reference to paragraph 51(3)(a), and (ii) the total of all amounts required by paragraph 51(3)(a) to be deducted in respect of that particular class of shares before the particular time.
Interest — authorized foreign bank Impôt sur le revenu
Subsections 51(1) and 51(2) do not apply to any exchange to which subsection 85(1) or 85(2) or section 86 applies. (a) a taxpayer acquires a bond, debenture or note of a debtor (in this section referred to as the “new obligation”) in exchange for a capital property of the taxpayer that is another bond, debenture or note of the same debtor (in this section referred to as the “convertible obligation”), (b) the terms of the convertible obligation conferred on the holder the right to make the exchange, and (c) the principal amount of the new obligation is equal to the principal amount of the convertible obligation, the cost to the taxpayer of the new obligation and the proceeds of disposition of the convertible obligation shall be deemed to be equal to the adjusted cost base to the taxpayer of the convertible obligation immediately before the exchange. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1995, c. 21, s. 50. Cost of certain property the value of which included in income
(a) the taxpayer acquired the property after 1971; (b) the amount was not at or before that time otherwise added to the cost, or included in computing the adjusted cost base, to the taxpayer of the property; (c) the property is not an annuity contract, a right as a beneficiary under a trust to enforce payment of an amount by the trust to the taxpayer, property acquired in circumstances to which subsection (2) or (3) applies, or property acquired from a trust in satisfaction of all or part of the taxpayer’s capital interest in the trust; and (i) included, otherwise than under section 7, in computing (A) the taxpayer’s taxable income or taxable income earned in Canada, as the case may be, for a taxation year during which the taxpayer was non-resident, or (B) the taxpayer’s income for a taxation year throughout which the taxpayer was resident in Canada, or (ii) for the purpose of computing the tax payable under Part XIII by the taxpayer, included in an amount that was paid or credited to the taxpayer. Cost of property received as dividend in kind
Where any property has, after 1971, been received by a shareholder of a corporation at any time as, on account or in lieu of payment of, or in satisfaction of, a dividend payable in kind (other than a stock dividend) in respect of a share owned by the shareholder of the capital stock of the corporation, the shareholder shall be deemed to have acquired the property at a cost to the shareholder equal to its fair market value at that time, and the corporation shall be deemed to have disposed of the property at that time for proceeds equal to that fair market value.
Where a shareholder of a corporation has, after 1971, received a stock dividend in respect of a share owned by the shareholder of the capital stock of the corporation, the shareholder shall be deemed to have acquired the share or shares received by the shareholder as a stock dividend at a cost to the shareholder equal to the total of (a) where the stock dividend is a dividend, (i) in the case of a shareholder that is an individual, the amount of the stock dividend, and (ii) in any other case, the total of all amounts each of which is (A) the amount, if any, by which (I) the amount that is the lesser of the amount of the stock dividend and its fair market value (II) the amount of the dividend that the shareholder may deduct under subsection 112(1) in computing the shareholder’s taxable income, except any portion of the dividend that, if paid as a separate dividend, would not be subject to subsection 55(2) because the amount of the separate dividend would not exceed the amount of the income earned or realized by any corporation — after 1971 and before the safe-income determination time for the transaction, event or series of transactions or events as part of which the dividend is received — that could reasonably be considered to contribute to the capital gain that could be realized on a disposition at fair market value, immediately before the dividend, of the share on which the dividend is received, and (B) the amount determined by the formula A is the amount of the deemed gain under paragraph 55(2)(c) in respect of that stock dividend, and B is the amount, if any, by which the amount of the reduction under paragraph 55(2.3)(b) in respect of that stock dividend to which paragraph 55(2)(a) would otherwise apply exceeds the amount determined for clause (A) in respect of that dividend; (a.1) where the stock dividend is not a dividend, nil, and (b) where an amount is included in the shareholder’s income in respect of the stock dividend under subsection 15(1.1), the amount so included. Cost of property acquired as prize
Allocation pour usage d’une automobile r) tout montant payé ou payable par le contribuable à titre d’allocation pour usage d’une automobile par un particulier, dans la mesure où ce montant excède le montant prescrit, sauf si le montant ainsi payé ou payable doit être inclus dans le calcul du revenu du particulier; Prêts et titres de crédit s) le montant représentant une perte, une dépréciation ou une réduction, au cours d’une année d’imposition, de la valeur d’un coût ou d’un solde d’un titre de crédit qu’un contribuable détient dans le cours normal des activités en contrepartie d’une créance non assurée ou en contrepartie d’assurance ou de prêt d’argent et dont il n’a pas disposé au cours de l’année, sauf si ce montant est permis par la présente partie; Paiements en vertu de diverses lois t) toute somme payée ou à payer : (i) en vertu de la présente loi, sauf l’impôt payé ou à payer en vertu des parties XII.2 ou XII.6, (ii) à titre d’intérêts en vertu de la partie IX de la Loi sur la taxe d’accise, (iii) à titre d’intérêts en vertu de la Loi sur le droit pour la sécurité des passagers du transport aérien, (iv) à titre d’intérêts en vertu de la Loi sur la taxe sur les logements sous-utilisés, [2022, ch. 10, art. 173] (v) à titre d’intérêts en vertu de la Loi sur la taxe sur certains biens de luxe, [2022, ch. 10, art. 173] (vi) à titre d’intérêts en vertu de la Loi sur la taxe sur les services numériques, (vii) à titre d’intérêts en vertu de la Loi sur l’impôt minimum mondial; Frais — régimes d’épargne personnels u) les sommes payées ou payables par le contribuable pour des services relatifs à un CELIAPP, un régime d’épargne-retraite, à un fonds de revenu de retraite ou à un compte d’épargne libre d’impôt dont il est le rentier ou le titulaire; Intérêts — banque étrangère autorisée v) si le contribuable est une banque étrangère autorisée, les intérêts qui seraient déductibles par ailleurs dans le calcul de son revenu provenant d’une entreprise exploitée au Canada, sauf disposition contraire de l’article 20.2; Income Tax PART I Income Tax DIVISION B Computation of Income
Where any property has been acquired by a taxpayer at any time after 1971 as a prize in connection with a lottery scheme, the taxpayer shall be deemed to have acquired the property at a cost to the taxpayer equal to its fair market value at that time.
(y) an amount referred to in subsection 13(36). (d) held primarily for the purpose of gaining or producing income of the taxpayer from the land for the particular year, Impôt sur le revenu
Notwithstanding any other provision of this Act, where a corporation disposes of property to another corporation in a transaction to which paragraph 219(1)(l) applies, the cost to it of any share of a particular class of the capital stock of the other corporation received by it as consideration for the property is deemed to be the lesser of the cost of the share to the corporation otherwise determined immediately after the disposition and the amount by which the paid-up capital in respect of that class increases because of the issuance of the share. Cost of shares of immigrant corporation
Notwithstanding any other provision of this Act, where at any time a corporation becomes resident in Canada, the cost to any shareholder who is not at that time resident in Canada of any share of the corporation’s capital stock, other than a share that was taxable Canadian property immediately before that time, is deemed to be equal to the fair market value of the share at that time.
(a) any amount deemed by subsection 40(3) to be a gain of the taxpayer for a taxation year from a disposition before that time of the property; (b) where the property is a share of the capital stock of a corporation resident in Canada, the amount, if any, by which (i) the total of all amounts each of which is the amount of a dividend on the share deemed by subsection 84(1) to have been received by the taxpayer before that time (ii) the portion of the total determined under subparagraph (i) that relates to dividends in respect of which the taxpayer was permitted a deduction under subsection 112(1) in computing the taxpayer’s taxable income, except any portion of the dividend that, if paid as a separate dividend, would not be subject to subsection 55(2) because the amount of the separate dividend would not exceed the amount of the income earned or realized by any corporation — after 1971 and before the safe-income determination time for the transaction, event or series of transactions or events as part of which the dividend is received — that could reasonably be considered to contribute to the capital gain that could be realized on a disposition at fair market value, immediately before the dividend, of the share on which the dividend is received; (b.1) where the property is a share of the capital stock of a corporation, the amount of any dividend deemed by paragraph 128.1(1)(c.2) to have been received in respect of the share by the taxpayer before that time and while the taxpayer was resident in Canada; (c) where the property is a share of the capital stock of a corporation and the taxpayer has, after 1971, made a contribution of capital to the corporation otherwise than by way of a loan, by way of a disposition of shares of a foreign affiliate of the taxpayer to which subsection 85.1(3) or paragraph 95(2)(c) applies or, subject to subsection 53(1.1), a disposition of property in respect of which the taxpayer and the corporation have made an election under section 85, that proportion of such part of the amount of the contribution as cannot reasonably be regarded as a benefit conferred by the taxpayer on a person (other than the corporation) who was related to the taxpayer that (i) the amount that may reasonably be regarded as the increase in the fair market value, as a result of the contribution, of the share is of (ii) the amount that may reasonably be regarded as the increase in the fair market value, as a result of the contribution, of all shares of the capital stock of the corporation owned by the taxpayer immediately after the contribution; (d) if the property is a share of the capital stock of a foreign affiliate of the taxpayer, any amount required by section 92 to be added in computing the adjusted cost base to the taxpayer of the share; (d.01) where the property is a share of the capital stock of a corporation, any amount required by paragraph 139.1(6)(0) to be added in computing the adjusted cost base to the taxpayer of the share; (d.1) if the property is a capital interest in a trust, any amount included under subsection 91(1) or (3) in computing the taxpayer’s income for a taxation year that ends at or before that time (or that would have been required to have been included under those subsections but for subsection 56(4.1) and sections 74.1 to 75 of this Act and section 74 of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952) in respect of that interest; (d.2) where the property is a unit in a mutual fund trust, any amount required by subsection 132.1(2) to be added in computing the adjusted cost base to the taxpayer of the unit; (d.3) where the property is a share of the capital stock of a corporation of which the taxpayer was, at that time, a specified shareholder, any expense incurred by the taxpayer in respect of land or a building of the corporation that was by reason of subsection 18(2) or 18(3.1) not deductible by the taxpayer in computing the taxpayer’s income for any taxation year commencing before that time; (e) where the property is an interest in a partnership, (i) an amount in respect of each fiscal period of the partnership ending after 1971 and before that time, equal to the total of all amounts each of which is the taxpayer’s share (other than a share under an agreement referred to in subsection 96.1(1)) of the income of the partnership from any source for that fiscal period, computed as if this Act were read without reference to (A.1) subparagraph 39(1)(a)(i.1) in respect of an object referred to in that subparagraph that is not the subject of a gifting arrangement, as defined in subsection 237.1(1), nor a property that is a tax shelter, (A.2) the description of C in the formula in paragraph 14(1)(b), and 82(1)(b) of this Act and paragraphs 20(1)(gg) and 81(1)(r) and (s) of the *Income Tax Act*, chapter 148 of the Revised Statutes of Canada, 1952, and the provisions of the *Income Tax Application Rules* relating to income from the operation of new mines, (ii) the taxpayer’s share of any capital dividends and any life insurance capital dividends received by the partnership before that time on shares of the capital stock of a corporation that were partnership property, (iii) the taxpayer’s share of the amount, if any, by which (A) any proceeds of a life insurance policy received by the partnership after 1971 and before that time in consequence of the death of any person whose life was insured under the policy, exceeds the total of all amounts each of which is (B) the adjusted cost basis (in this subparagraph as defined in subsection 148(9)), immediately before the death, of (I) if the death occurs before March 22, 2016, the policy to the partnership, and (II) if the death occurs after March 21, 2016, a policyholder’s interest in the policy, (C) the amount by which the fair market value of consideration given in respect of a disposition of an interest in the policy exceeds the greater of the amount determined under subparagraph 148(7)(a)(i) in respect of the disposition and the adjusted cost basis to the policyholder of the interest immediately before the disposition, if (I) the death occurs after March 21, 2016, and (II) the disposition was by a policyholder (other than a taxable Canadian corporation) after 1999 and before March 22, 2016, or (D) if the death occurs after March 21, 2016, an interest in the policy was disposed of by a policyholder (other than a taxable Canadian corporation) after 1999 and before March 22, 2016 and subsection 148(7) applied to the disposition, the amount, if any, determined by the formula A is the amount, if any, by which the lesser of the adjusted cost basis to the policyholder of the interest immediately before the disposition and the fair market value of consideration given in respect of the disposition exceeds the amount determined under subparagraph 148(7)(a)(i) in respect of the disposition, and B is the absolute value of the negative amount, if any, that would be, in the absence of section 257, the adjusted cost basis, immediately before the death, of the interest in the policy, (iv) where the taxpayer has, after 1971, made a contribution of capital to the partnership otherwise than by way of loan, such part of the amount of the contribution as cannot reasonably be regarded as a benefit conferred on any other member of the partnership who was related to the taxpayer, (iv.1) each amount that is in respect of a specified amount described in subsection 80.2(1) and that is paid by the taxpayer to the partnership, to the extent that the amount paid is not deductible in computing the income of the taxpayer, (v) where the time is immediately before the taxpayer’s death and the taxpayer was at that time a member of a partnership, the value, at the time of the taxpayer’s death, of the rights or things referred to in subsection 70(2) in respect of a partnership interest held by the taxpayer immediately before the taxpayer’s death, other than an interest referred to in subsection 96(1.5), (vi) any amount deemed by subsection 40(3.1) to be a gain of the taxpayer for a taxation year from a disposition before that time of the property, (vii) any amount deemed by paragraph 98(1)(c) or 98.1(1)(c) to be a gain of the taxpayer for a taxation year from a disposition before that time of the property, (viii.1) a share of the taxpayer’s Canadian development expense or Canadian oil and gas property expense that was deducted at or before that time in computing the adjusted cost base to the taxpayer of the interest because of subparagraph 53(2)(c)(ii) and in respect of which the taxpayer elected under paragraph (f) of the definition Canadian development expense in subsection 66.2(5) or paragraph (b) of the definition Canadian oil and gas property expense in subsection 66.4(5), as the case may be, (viii) an amount deemed, before that time, by subsection 66.1(7), 66.2(6) or 66.4(6) to be an amount referred to in the description of G in the definition cumulative Canadian exploration expense in subsection 66.1(6), paragraph (a) of the description of F in the definition cumulative Canadian development expense in subsection 66.2(5) or the description of G in that definition, or paragraph (a) of the description of F in the definition cumulative Canadian oil and gas property expense in subsection 66.4(5) or the description of G in that definition in respect of the taxpayer, (viii.1) an amount deemed, before that time, by subsection 59(1.1), to be proceeds of disposition receivable by the taxpayer in respect of the disposition of a foreign resource property, (ix) the amount, if any, by which (A) the taxpayer’s share of the amount of any assistance or benefit that the partnership received or became entitled to receive after 1971 and before that time from a government, municipality or other public authority, whether as a grant, subsidy, investment allowance, deduction from royalty or tax, investment allowance or any other form of assistance or benefit, in respect of or related to a Canadian resource property or an exploration or development expense incurred in Canada (B) the part, if any, of the amount included in clause 53(1)(e)(ix)(A) in respect of the interest that was repaid before that time by the taxpayer under a legal obligation to repay all or any part of the amount, (x) any amount required by section 97 to be added before that time in computing the adjusted cost base to the taxpayer of the interest, (xi) of which the taxpayer’s share of any income or loss of the partnership was, at any time, 10% or more, any expense incurred by the taxpayer in respect of land or a building of the partnership that was by reason of subsection 18(2) or 18(3.1) not deductible by the taxpayer in computing the taxpayer’s income for any taxation year commencing before that time, (xii) any amount required by paragraph 110.6(23)(a) to be added at that time in computing the adjusted cost base to the taxpayer of the interest, and (xiii) any amount required by subsection 127(30), 127.45(17), section 127.48, subsection 127.49(17) or section 211.92 to be added to the taxpayer’s tax otherwise payable under this Part for a taxation year that ended before that time in respect of the interest in the partnership; (f) where the property is substituted property (within the meaning assigned by paragraph (a) of the definition superficial loss in section 54) of the taxpayer, the amount, if any, by which (i) the amount of the loss that was, because of the acquisition by the taxpayer of the property, a superficial loss of any taxpayer from a disposition of a property (ii) where the property disposed of was a share of the capital stock of a corporation, the amount that would, but for paragraph 40(2)(g), be deducted under subsection 112(3), 112(3.1) or 112(3.2) in computing the loss of any taxpayer in respect of the disposition of the share; (f.1) where the taxpayer is a taxable Canadian corporation and the property was disposed of by another taxable Canadian corporation to the taxpayer in circumstances such that (i) paragraph 53(1)(f.2) does not apply to increase the adjusted cost base to the other corporation of shares of the capital stock of the taxpayer, and (ii) the capital loss from the disposition was deemed by paragraph 40(2)(e.1) (or, where the property was acquired by the taxpayer before 1996, by paragraph 40(2)(e) or 85(4)(a) as those paragraphs read in their application to property acquired before April 26, 1995) to be nil, the amount that would otherwise have been the capital loss from the disposition; (f.11) where the property was disposed of by a person (other than a non-resident person or a person exempt from tax under this Part on the person’s taxable income) or by an eligible Canadian partnership (as defined in subsection 80(1)) to the taxpayer in circumstances such that SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses (ii) paragraph 53(1)(f.1) does not apply to increase the adjusted cost base to the taxpayer of the property, (iii) paragraph 53(1)(f.2) does not apply to increase the adjusted cost base to that person of shares of the capital stock of the taxpayer, and (iii) the capital loss from the disposition was deemed by paragraph 40(2)(e.1) (or, where the property was acquired by the taxpayer before 1996, by paragraph 85(4)(a) as it read in its application to property acquired before April 26, 1995) to be nil, the amount that would otherwise be the capital loss from the disposition; (f.12) where the property is a particular commercial obligation (in this paragraph having the meaning assigned by subsection 80(1)) payable to the taxpayer as consideration for the settlement or extinguishment of another commercial obligation payable to the taxpayer and the taxpayer’s loss from the disposition of the other obligation was reduced because of paragraph 40(2)(e.2), the proportion of the reduction that the total of all amounts each of which is the principal amount of a commercial obligation payable to the taxpayer as consideration for the settlement or extinguishment of that other obligation; (f.2) where the property is a share, any amount required by paragraph 40(3.6)(b) (or, where the property was acquired by the taxpayer before 1996, by paragraph 85(4)(b) as it read in its application to property disposed of before April 26, 1995) to be added in computing the adjusted cost base to the taxpayer of the share; (g) where the property is a bond, debenture, bill, note, mortgage, hypothecary claim or similar obligation, the amount, if any, by which the principal amount of the obligation exceeds the amount for which the obligation was issued, if the excess was required by subsection 16(2) or (3) to be included in computing the income of the taxpayer for a taxation year commencing before that time; (g.1) where the property is an indexed debt obligation, any amount determined under subparagraph 16(6)(a)(i) in respect of the obligation that would be required to be included in computing the taxpayer’s income for a taxation year beginning before that time; (h) where the property is land of the taxpayer, any amount paid by the taxpayer or by another taxpayer in respect of whom the taxpayer was a person, corporation or partnership described in subparagraph (b)(i), (ii) or (iii) of the definition interest on debt relating to the acquisition of land in subsection 18(3), after 1971 and before that time pursuant to a legal obligation to pay (i) interest on debt relating to the acquisition of land (within the meaning assigned by subsection 18(3)), or (ii) property taxes (not including income or profits taxes or taxes imposed by reference to the transfer of property) paid by the taxpayer in respect of the property to a province or to a Canadian municipality to the extent that the amount was, because of subsection 18(2), (iii) not deductible in computing the taxpayer’s income from the land or from a business for any taxation year beginning before that time, or (iv) not deductible in computing the income of the other taxpayer and was not included in or added to the cost to the other taxpayer of any property otherwise than because of subparagraph (d.3) or subparagraph (e)(xi); (i) where the property is land used in a farming business carried on by the taxpayer, an amount in respect of each taxation year ending after 1971 and commencing before that time, equal to the taxpayer’s loss, if any, for that year from the farming business, to the extent that the loss (i) was not, by virtue of section 31, deductible in computing the taxpayer’s income for that year, (ii) was not deducted in computing the taxpayer’s taxable income for the taxation year in which the taxpayer disposed of the property or any preceding taxation year, (iii) did not exceed the total of (A) taxes (other than income or profits taxes or taxes imposed by reference to the transfer of the property) paid by the taxpayer in that year or payable by the taxpayer in respect of that year to a province or a Canadian municipality in respect of the property, and (B) interest, paid by the taxpayer in that year or payable by the taxpayer in respect of that year, pursuant to a legal obligation to pay interest on borrowed money used to acquire the property or on any amount as consideration payable for the property, to the extent that those taxes and interest were included in computing the loss, and (iv) did not exceed the remainder obtained when (A) the total of each of the taxpayer’s losses from the farming business for taxation years preceding that year (to the extent that they are required by this paragraph to be added in computing the taxpayer’s adjusted cost base of the property), is deducted from (B) the amount, if any, by which the taxpayer’s proceeds of disposition of the property exceed the adjusted cost base to the taxpayer of the property immediately before that time, determined without reference to this paragraph; (j) if the property is a security (within the meaning assigned by subsection 7(7)) and, in respect of its acquisition by the taxpayer, a benefit was deemed by section 7 to have been received in any taxation year that ends after 1971 and begins before that time by the taxpayer or by a person that did not deal at arm’s length with the taxpayer, or if the security was acquired after February 27, 2000, would have been so deemed if section 7 were read without reference to subsections 7(1.1) and (8), the amount of the benefit that was, or would have been, so deemed to have been received; (k) where the property is an expropriation asset of the taxpayer (within the meaning assigned by section 80.1) or an asset of the taxpayer assumed for the purposes of that section to be an expropriation asset thereof, any amount required by paragraph 80.1(2)(b) to be added in computing the adjusted cost base to the taxpayer of the asset; (l) where the property is an interest in a related segregated fund trust referred to in section 138.1, (i) each amount deemed by paragraph 138.1(1)(f) to be an amount payable to the taxpayer before that time in respect of that interest, (ii) each amount required by subparagraph 138.1(1)(g)(iii) to be added before that time in respect of that interest, (iii) each amount in respect of that interest that is a capital gain deemed to have been allocated under subsection 138.1(4) to the taxpayer before that time, (iv) each amount in respect of that interest that before that time was deemed by subsection 138.1(3) to be a capital gain of the taxpayer; (m) where the property is an offshore investment fund property (within the meaning assigned by subsection 94.1(1)), (i) any amount included in respect of the property by virtue of subsection 94.1(1) in computing the taxpayer’s income for a taxation year commencing before that time, or (ii) where the taxpayer is a controlled foreign affiliate (within the meaning of subsection 95(1)) of a person resident in Canada, any amount included in respect of the property in computing the foreign accrual property income of the controlled foreign affiliate by reason of the description of C in the definition foreign accrual property income in subsection 95(1) for a taxation year commencing before that time; (n) the reasonable costs incurred by the taxpayer, before that time, of surveying or valuing the property for the purpose of its acquisition or disposition (to the extent that those costs are not deducted by the taxpayer in computing the taxpayer’s income for any taxation year or attributable to any other property); (o) where the property is real property of the taxpayer, any amount required by paragraph 43.1(2)(b) to be added in computing the adjusted cost base to the taxpayer of the property; (p) where the time is after 2004 and the property is an interest in or a share of the capital stock of a flow-through entity (within the meaning assigned by subsection 39.1(1)), the amount determined by the formula A is the amount, if any, that would, if the definition exempt capital gains balance in subsection 39.1(1) were read without reference to “that ends before 2005”, be the taxpayer’s exempt capital gains balance in respect of the entity for the taxpayer’s 2005 taxation year, B is the fair market value at that time of the property, and C is the fair market value at that time of all the taxpayer’s interests in or shares of the capital stock of the entity; (r) if the time is before 2005, the property is an interest in, or a share of the capital stock of, a flow-through entity described in any of paragraphs (a) to (f) and (h) of the definition flow-through entity in subsection 39.1(1) and immediately after that time the taxpayer disposed of all their interests in, and shares of the capital stock of, the entity, the amount determined by the formula A is the amount, if any, by which the taxpayer’s exempt capital gains balance (as defined in subsection 39.1(1)) in respect of the entity for the taxpayer’s taxation year that includes that time exceeds the total of all amounts each of which is (i) the amount by which a capital gain is reduced under section 39.1 for the year because of the taxpayer’s exempt capital gains balance in respect of the entity, or (ii) twice an amount by which a taxable capital gain, or the income from a business, is reduced under section 39.1 for the year because of the taxpayer’s exempt capital gains balance in respect of the entity, B is the fair market value at that time of the property, and C is the fair market value at that time of all the taxpayer’s interests in, and shares of the capital stock of, the entity; (s) if the property was acquired under a derivative forward agreement, any amount required to be included in respect of the property under subparagraph 12(1)(z.7)(ii) in computing the income of the taxpayer for a taxation year; and (t) if the property is disposed of under a derivative forward agreement, any amount required to be included in respect of the property under subparagraph 12(1)(z.7)(ii) in computing the income of the taxpayer for the taxation year that includes that time. SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses Deemed contribution of capital (1.1) For the purposes of paragraph 53(1)(c), where there has been a disposition of property before May 7, 1974 and (a) the taxpayer and the corporation referred to in that paragraph have made an election under section 85 in respect of that property, and (b) the consideration received by the taxpayer for the property did not include shares of the capital stock of the corporation, the disposition of property shall be deemed to be a contribution of capital equal to the amount, if any, by which (c) the amount that the taxpayer and the corporation have agreed on in the election (d) the fair market value at the time of the disposition of any consideration received by the taxpayer for the property so disposed of. (1.2) For the purposes of paragraph (1)(r), if the fair market value of all of a taxpayer’s interests in, and shares of the capital stock of, a flow-through entity is nil when the taxpayer disposes of those interests and shares, the fair market value of each such interest or share at that time is deemed to be $1. Amounts to be deducted
In computing the adjusted cost base to a taxpayer of property at any time, there shall be deducted such of the following amounts in respect of the property as are applicable: (a) where the property is a share of the capital stock of a corporation resident in Canada, (i) any amount received by the taxpayer after 1971 and before that time as, on account or in lieu of payment of, or in satisfaction of, a dividend on the share (other than a taxable dividend or a dividend in respect of which the corporation paying the dividend has elected in accordance with subsection 83(2) or 83(2.1) in respect of the full amount thereof), (ii) any amount received by the taxpayer after 1971 and before that time on a reduction of the paid-up capital of the corporation in respect of the share, except to the extent that the amount is deemed by subsection 84(4) or 84(4.1) to be a dividend received by the taxpayer, (iii) any amount required to be deducted before that time under section 84.1 of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as it applied before May 23, 1985 in computing the adjusted cost base to the taxpayer of the share, (iv) any amount, to the extent that such amount is not proceeds of disposition of a share, received by the taxpayer before that time that would, but for subsection 84(8), be deemed by subsection 84(2) to be a dividend received by the taxpayer, and (v) any amount required by paragraph 44.1(2)(b) to be deducted in computing the adjusted cost base to the taxpayer of the share; (b) where the property is a share of the capital stock of a non-resident corporation, (i) if the corporation is a foreign affiliate of the taxpayer, (A) any amount required under paragraph 80.1(4)(d) or section 92 to be deducted in computing the adjusted cost base to the taxpayer of the share, and (B) any amount received by the taxpayer before that time, on a reduction of the paid-up capital of the corporation in respect of the share, that is so received (I) after 1971 and on or before August 19, 2011, or (II) after August 19, 2011, where the reduction is a qualifying return of capital (within the meaning assigned by subsection 90(3)) in respect of the share, or (iii) in any other case, any amount received by the taxpayer after 1971 and before that time as, on account or in lieu of payment of, or in satisfaction of, a dividend on the share (other than a taxable dividend or a dividend in respect of which the corporation paying the dividend has elected in accordance with subsection 83(2) or 83(2.1) in respect of the full amount thereof). (ii) in any other case, any amount received by the taxpayer after 1971 and before that time on a reduction of the paid-up capital of the corporation in respect of the share; (b.1) if the property is a capital interest in a trust, any amount deducted by the taxpayer by reason of subsection 91(2) or (4) in computing the taxpayer’s income for a taxation year that ends at or before that time (or that would have been so deductible by the taxpayer but for subsection 56(4.1) and sections 74.1 to 75 of this Act and section 74 of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952) in respect of that interest; (b.2) if the property is property of a taxpayer that was subject to a loss restriction event at or before that time, any amount required by paragraph 111(4)(c) to be deducted in computing the adjusted cost base of the property; (c) where the property is an interest in a partnership, (i) an amount in respect of each fiscal period of the partnership ending after 1971 and before that time, equal to the total of amounts each of which is the taxpayer’s share (other than a share of a limited partner referred to in subsection 96(1.1)) of any loss of the partnership from any source for that fiscal period, computed as if this Act were read without reference to (A) the fractions set out in subsection 14(5), paragraph 38(b) and in the formula in paragraph 14(1)(b), (A.2) the description of C in the formula in paragraph 14(1)(b), (C) subsections 100(4), 112(3.1), (4), (4.2) as it read in its application to dispositions of property that occurred before April 27, 1995 and (5.2), except to the extent that all or a portion of such a loss may reasonably be considered to have been included in the taxpayer’s limited partnership loss in respect of the partnership for the taxpayer’s taxation year in which that fiscal period ended, (i.1) an amount in respect of each fiscal period of the partnership ending before that time that is the taxpayer’s limited partnership loss in respect of the partnership for the taxation year in which that fiscal period ends to the extent that such loss was deducted by the taxpayer in computing the taxpayer’s taxable income for any taxation year that commenced before that time, (i.2) any amount deemed by subsection 40(3.12) to be a loss of the taxpayer for a taxation year from a disposition before that time of the property, (i.3) if at that time the property is not a tax shelter investment as defined by section 143.2 and the taxpayer would be a member, described in subsection 40(3.1), of the partnership if the fiscal period of the partnership that includes that time ended at that time, the unpaid principal amount of any indebtedness of the taxpayer for which recourse is limited, either immediately or in the future and either absolutely or contingently, and that can reasonably be considered to have been used to acquire the property, (i.4) unless that time is immediately before a disposition of the interest, if the taxpayer is a member of the partnership and the taxpayer has been a specified member of the partnership at all times since becoming a member of the partnership, or the taxpayer is at that time a limited partner of the partnership for the purposes of subsection 40(3.1), (A) where that time is in the taxpayer’s first taxation year for which the taxpayer is eligible to deduct an amount in respect of the partnership under subsection 34.2(11), the portion of the amount deducted in computing the taxpayer’s income for the taxation year under subsection 34.2(11) in respect of the partnership that would have been deductible if the definition qualifying transitional income in subsection 34.2(1) were read without reference to paragraph (b), and (B) where that time is any other taxation year, the portion of the amount deducted in computing the taxpayer’s income for the taxation year immediately preceding that other year under subsection 34.2(11) in respect of the partnership that would have been deductible if the definition qualifying transitional income in subsection 34.2(1) were read without reference to paragraph (b), (ii) an amount in respect of each fiscal period of the partnership ending after 1971 and before that time, SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses other than a fiscal period after the fiscal period in which the taxpayer ceased to be a member of the partnership, equal to the taxpayer’s share of the total of (A) amounts that, but for paragraph 96(1)(d), would be deductible in computing the income of the partnership for the fiscal period by virtue of the provisions of the Income Tax Application Rules relating to the exploration and development expenses, (B) the Canadian exploration and development expenses and foreign resource pool expenses, if any, incurred by the partnership in the fiscal period, (C) the Canadian exploration expense, if any, incurred by the partnership in the fiscal period, (D) the Canadian development expense, if any, incurred by the partnership in the fiscal period, and (E) the Canadian oil and gas property expense, if any, incurred by the partnership in the fiscal period, (iii) any amount deemed by subsection 110.1(4) or 118.1(8) to have been the eligible amount of a gift made by the taxpayer by reason of the taxpayer’s membership in the partnership at the end of a fiscal period of the partnership ending before that time, (iv) any amount required by section 97 to be deducted before that time in computing the adjusted cost base to the taxpayer of the interest, (v) any amount received by the taxpayer after 1971 and before that time as, on account or in lieu of payment of, or in satisfaction of, a distribution of the taxpayer’s share (other than a share under an agreement referred to in subsection 96(1.1)) of the partnership profits or partnership capital, (vi) an amount equal to that portion of all amounts deducted under subsection 127(5) in computing the tax otherwise payable by the taxpayer under this Part for the taxpayer’s taxation years ending before that time that may reasonably be attributed to amounts added in computing the investment tax credit of the taxpayer by virtue of subsection 127(8), (vi.1) an amount equal to that portion of all amounts of a CCUS tax credit deducted under subsection 127.44(3) in computing the tax otherwise payable by the taxpayer under this Part for the taxpayer’s taxation years ending before that time that may reasonably be attributed to amounts added in computing the tax credit of the taxpayer because of subsection 127.44(1), (vi.2) an amount equal to that portion of all amounts of a clean technology investment tax credit deducted under subsection 127.45(6) in computing the tax otherwise payable by the taxpayer under this Part for the taxpayer’s taxation years ending before that time that may reasonably be attributed to amounts added in computing the tax credit of the taxpayer because of subsection 127.45(8), (vi.3) an amount equal to that portion of all amounts deemed deducted under subsection 127.48(3) in computing the tax otherwise payable by the taxpayer under this Part for the taxpayer’s taxation years ending before that time that may reasonably be attributed to amounts added in computing the clean hydrogen tax credit (as defined in subsection 127.48(1)) of the taxpayer under subsection 127.48(12), (vi.4) an amount equal to that portion of all amounts deemed deducted under subsection 127.49(6) in computing the tax otherwise payable by the taxpayer under this Part for the taxpayer’s taxation years ending before that time that may reasonably be attributed to amounts added in computing the CTM investment tax credit (as defined in subsection 127.49(1)) of the taxpayer under subsection 127.49(8), (vii) any amount added pursuant to subsection 127.2(4) in computing the taxpayer’s share-purchase tax credit for a taxation year ending before or after that time, (viii) an amount equal to 50% of the amount deemed to be designated pursuant to subsection 127.3(4) before that time in respect of each share, debt obligation or right acquired by the partnership and deemed to have been acquired by the taxpayer under that subsection, (ix) the amount of all assistance received by the taxpayer before that time that has resulted in a reduction of the capital cost of a depreciable property to the partnership by virtue of subsection 13(7.2), (x) any amount deductible by the taxpayer under subparagraph 20(1)(c)(vi) in respect of the partnership for a taxation year of the taxpayer ending at or after that time, SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses (xi) any amount required by paragraph 110.6(23)(b) to be deducted at that time in computing the adjusted cost base to the taxpayer of the interest, (xii) any amount payable by the partnership, to the extent that the amount is deductible under subsection 20.01(1) in computing the taxpayer’s income for a taxation year that began before that time, and (xiii) the amount of any reduction (within the meaning of paragraph 247(13)(a)) of the amount of a dividend deemed to have been received by the taxpayer in respect of a transaction (as defined in subsection 247(1)) or series of transactions in which the partnership was a participant; (d) where the property is such that the taxpayer has, after 1971 and before that time, disposed of a part of it while retaining another part of it, the amount determined under section 43 to be the adjusted cost base to the taxpayer of the part so disposed of; (e) if the property is a share, or an interest in or a right to — or, for civil law, a right in or to — a share, of the capital stock of a corporation obtained before August 1976, an amount equal to any expense incurred by the taxpayer in consideration therefor, to the extent that the expense was, by virtue of (i) paragraph (e) of the definition Canadian exploration and development expenses in subsection 66(15), a Canadian exploration and development expense, (ii) paragraph (i) of the definition Canadian exploration expense in subsection 66.1(6), a Canadian exploration expense, (iii) paragraph (g) of the definition Canadian development expense in subsection 66.2(5), a Canadian development expense, or (iv) paragraph (c) of the definition Canadian oil and gas property expense in subsection 66.4(5), a Canadian oil and gas property expense incurred by the taxpayer; (f) where the property was received by the taxpayer as consideration for any payment or loan (i) made before April 20, 1983 by the taxpayer as a shareholder corporation (within the meaning assigned by subsection 66(15)) to a joint exploration corporation of the shareholder, and SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses (ii) described in paragraph (a) of the definition agreed portion in subsection 66(15), or the property was substituted for such a property, such portion of the payment or loan as may reasonably be considered to be related to an agreed portion (within the meaning assigned by subsection 66(15)) of the joint exploration corporation’s (iii) Canadian exploration and development expenses, (iv) Canadian exploration expense, (v) Canadian development expense, or (vi) Canadian oil and gas property expense, as the case may be; (f.1) where the property is a share of the capital stock of a joint exploration corporation resident in Canada and the taxpayer has, after 1971, made a contribution of capital to the corporation otherwise than by way of a loan, which contribution was included in computing the adjusted cost base of the property by virtue of paragraph 53(1)(c), such portion of the contribution as may reasonably be considered to be part of an agreed portion (within the meaning assigned by subsection 66(15)) of the corporation’s (i) Canadian exploration and development expenses, (ii) Canadian exploration expense, (iii) Canadian development expense, or (iv) Canadian oil and gas property expense, as the case may be; (f.2) any amount required by paragraph 66(10.4)(a) to be deducted before that time in computing the adjusted cost base to the taxpayer of the property; (g) where section 80 is applicable in respect of the taxpayer, the amount, if any, by which the adjusted cost base to the taxpayer of the property is required in prescribed manner to be reduced before that time; (g.1) any amount required under paragraph 53(4)(a), 53(5)(a), 53(6)(a), 47(1)(c), 49(3.01)(a), 51(1)(d.1), 86(4)(a) or 87(5.1)(a) or 87(6.1)(a) to be deducted in computing the adjusted cost base to the taxpayer of the property or any amount by which that adjusted SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses cost base is required to be reduced because of subsection 80(9), 80(10) or 80(11); (h) where the property is a capital interest of the taxpayer in a trust (other than an interest in a personal trust that has never been acquired for consideration or an interest of a taxpayer in a trust described in any of paragraphs (a) to (e.1) of the definition trust in subsection 108(1)), (i) any amount paid to the taxpayer by the trust after 1971 and before the time as a distribution or payment of capital by the trust (otherwise than as proceeds of disposition of the interest or part thereof), to the extent that the amount became payable before 1988, (i.1) any amount that has become payable to the taxpayer by the trust after 1987 and before that time in respect of the interest (otherwise than as proceeds of disposition of the interest or part thereof), except to the extent of the portion thereof (A) that was included in the taxpayer’s income by reason of subsection 104(13) or from which an amount of tax was deducted under Part XIII by reason of paragraph 212(1)(c), (A.1) that was deemed by subsection 104(16) to be a dividend received by the taxpayer, or (B) where the trust was resident in Canada throughout its taxation year in which the amount became payable (I) that is equal to the amount designated by the trust under subsection 104(21) in respect of the taxpayer, (II) that was designated by the trust under subsection 104(20) in respect of the taxpayer, or (III) that is an assessable distribution (as defined in subsection 218.3(1)) to the taxpayer, (ii) an amount equal to that portion of all amounts deducted under subsection 127(5) in computing the tax otherwise payable by the taxpayer under this Part for the taxpayer’s taxation years ending before that time that may reasonably be attributed to amounts added in computing the investment tax credit of the taxpayer by virtue of subsection 127(7), (iii) any amount added pursuant to subsection 127.2(3) in computing the taxpayer’s share-purchase tax credit for a taxation year ending before or after that time, (iv) an amount equal to 50% of the amount deemed to be designated pursuant to subsection 127.3(3) before that time in respect of each share, debt obligation or right acquired by the trust and deemed to have been acquired by the taxpayer under that subsection, and (v) an amount equal to the amount of all assistance received by the taxpayer before that time that has resulted in a reduction of the capital cost of a depreciable property to the trust by virtue of subsection 13(7.2); (i) where the property is a capital interest in a trust (other than a unit trust) not resident in Canada that was purchased after 1971 and before that time by the taxpayer from a non-resident person at a time (in this paragraph referred to as the “purchase time”) when the property was not taxable Canadian property and the fair market value of such the trust property as was (i) a Canadian resource property, (iii) an income interest in a trust resident in Canada, (iv) taxable Canadian property, or was not less than 50% of the fair market value of all the trust property, that proportion of the amount, if any, by which (vi) the fair market value at the purchase time of such of the trust properties as were properties described in any of subparagraphs (i) to (v) (vii) the total of the cost amounts to the trust at the purchase time of such of the trust properties as were properties described in any of subparagraphs (i) to (v), that the fair market value at the purchase time of the interest is of the fair market value at the purchase time of all capital interests in the trust; (j) where the property is a unit of a unit trust not resident in Canada that was purchased after 1971 and SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses before that time by the taxpayer from a non-resident person at a time (in this paragraph referred to as the “purchase time”) when the property was not taxable Canadian property and the fair market value of such of the trust property as was (i) a Canadian resource property, (iii) an income interest in a trust resident in Canada, (iv) taxable Canadian property, or was not less than 50% of the fair market value of all the trust property, that proportion of the amount, if any, by which (vi) the fair market value at the purchase time of such of the trust properties as were properties described in any of subparagraphs (i) to (v) (vii) the total of the cost amounts to the trust at the purchase time of such of the trust properties as were properties described in any of subparagraphs (i) to (v), that the fair market value at the purchase time of the unit is of the fair market value at the purchase time of all the issued units of the trust; (k) where the property was acquired by the taxpayer after 1971, the amount, if any, by which the total of (i) the amount of any assistance which the taxpayer has received or is entitled to receive before that time from a government, municipality or other public authority, in respect of, or for the acquisition of, the property, whether as a grant, subsidy, forgivable loan, deduction from tax not otherwise provided for under this paragraph, investment allowance or as any other form of assistance other than (A) an amount described in paragraph 37(1)(d), (B) an amount deducted as an allowance under section 65, (C) the amount of prescribed assistance that the taxpayer has received or is entitled to receive in respect of, or for the acquisition of, shares of the capital stock of a prescribed venture capital corporation or a prescribed labour-sponsored venture capital corporation or shares of the capital SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses stock of a taxable Canadian corporation that are held in a prescribed stock savings plan, or (D) an amount included in income by virtue of paragraph 12(1)(u) or 56(1)(s), and (iii) all amounts deducted under subsection 127(5) or 127(6) in respect of the property before that time, exceeds such part, if any, of the assistance referred to in subparagraph 53(2)(k)(i) as has been repaid before that time by the taxpayer pursuant to an obligation to repay all or any part of that assistance; (l) where the property is a debt obligation, any amount that was deductible by virtue of subsection 20(14) in computing the taxpayer’s income for any taxation year commencing before that time in respect of interest on that debt obligation; (l.1) where the property is an indexed debt obligation, (i) any amount determined under subparagraph 16(6)(a)(ii) in respect of the obligation and deductible in computing the income of the taxpayer for a taxation year beginning before that time, and (ii) the amount of any payment that was received or that became receivable by the taxpayer at or before that time in respect of an amount that was added under paragraph 53(1)(g.1) to the cost to the taxpayer of the obligation; (m) any part of the cost to the taxpayer of the property that was deductible (otherwise than because of this Subdivision or paragraph 8(1)(f)) in computing the taxpayer’s income for any taxation year commencing before that time and ending after 1971; (n) where the property is an expropriation asset of the taxpayer (within the meaning assigned by section 80.1) or an asset of the taxpayer assumed for the purposes of that section to be an expropriation asset thereof, any amount required by paragraph 80.1(2)(b) to be deducted in computing the adjusted cost base to the taxpayer of the asset; (o) where the property is a right to receive partnership property within the meaning assigned by paragraph 98.2(a) or 100(3)(a), any amount received by the taxpayer in full or partial satisfaction of that right; (p) where the property is a debt owing to the taxpayer by a corporation, any amount required to be deducted before that time under section 84.1 of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as it applied before May 23, 1985 or subsection (q) where the property is an interest in a related segregated fund trust referred to in section 138.1, (i) each amount in respect of that interest that is a capital loss deemed to have been allocated under subsection 138.1(4) to the taxpayer before that time, (ii) each amount in respect of that interest that before that time was deemed by subsection 138.1(3) to be a capital loss of the taxpayer; (r) the amount, if any, by which (i) the amount elected by the taxpayer before that time under subsection 53(2.1) (ii) any repayment before that time by the taxpayer of an amount received by the taxpayer as described in subsection 53(2.1) that may reasonably be considered to relate to the amount elected where the repayment is made pursuant to a legal obligation to repay all or any part of the amount so received; (s) if the property is a right to acquire shares or units under an agreement, any amount required by paragraph 16.1(6)(b) to be deducted in computing the adjusted cost base to the taxpayer of the right; (u) where the property was at the end of February 22, 1994 a non-qualifying real property (within the meaning assigned by subsection 110.6(1) as that subsection applies to the 1994 taxation year) of a taxpayer, any amount required by paragraph 110.6(21)(b) to be deducted in computing the adjusted cost base to the taxpayer of the property; (v) where the taxpayer elected under subsection 110.6(19) in respect of the property, any amount required by subsection 110.6(22) to be deducted in computing the adjusted cost base to the taxpayer of the property at that time; (w) if the property was acquired under a derivative forward agreement, any amount deductible in respect of the property under paragraph 20(1)(xx) in computing the income of the taxpayer for a taxation year; and (x) if the property is disposed of under a derivative forward agreement, any amount deductible in respect of the property under paragraph 20(1)(xx) in computing the income of the taxpayer for the taxation year that includes that time. (2.1) For the purpose of paragraph 53(2)(s), where in a taxation year a taxpayer receives an amount that would, but for this subsection, be included in the taxpayer’s income under paragraph 12(1)(x) in respect of the cost of a property (other than depreciable property) acquired by the taxpayer in the year, in the 3 taxation years preceding the year or in the taxation year following the year, the taxpayer may elect under this subsection on or before the date on or before which the taxpayer’s return of income under this Part for the year is required to be filed or, where the property is acquired in the following year, for that following year, to reduce the cost of the property by such amount as the taxpayer specifies, not exceeding the least of SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses (a) the adjusted cost base, determined without reference to paragraph 53(2)(s), at the time the property was acquired, (b) the amount so received by the taxpayer, and (c) where the taxpayer has disposed of the property before the year, nil. Recomputation of adjusted cost base on transfers and deemed dispositions (a) there shall be deducted after that time in computing the adjusted cost base to the person or partnership (in this subsection referred to as the “transferee”) who acquires or reacquires the property at or immediately after that time the amount, if any, by which (i) the total of all amounts deducted under paragraph 53(2)(g.1) in computing, immediately before that time, the adjusted cost base to the vendor of the property, (ii) the amount that would be the vendor’s capital gain for the year from that disposition if this Act were read without reference to subparagraph 40(1)(a)(iii) and subsection 100(2); and (b) the amount determined under paragraph 53(4)(a) in respect of that disposition shall be added after that time in computing the adjusted cost base to the transferee of the property. Recomputation of adjusted cost base on other transfer (a) at any time in a taxation year a person or partnership (in this subsection referred to as the “vendor”) disposes of a specified property to another person or partnership (in this subsection referred to as the “transferee”), SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses (b) immediately before that time, the vendor and the transferee do not deal with each other at arm’s length or would not deal with each other at arm’s length if paragraph 80(2)(j) applied for the purpose of this subsection, (c) paragraph 53(5)(b) would apply in respect of the disposition if each right referred to in paragraph 251(5)(b) that is a right of the transferee to acquire the specified property from the vendor or a right of the transferee to acquire other property as part of a transaction or event or series of transactions or events that includes the disposition were not taken into account, the following rules apply: (e) there shall be deducted after that time in computing the adjusted cost base to the transferee of the property the amount, if any, by which (i) the total of all amounts deducted under paragraph 53(2)(g.1) in computing the adjusted cost base to the vendor of the property immediately before that time (ii) the amount that would be the vendor’s capital gain for the year from that disposition if this Act were read without reference to subparagraph 40(1)(a)(iii) and subsection 100(2), and (f) the amount determined under paragraph 53(5)(e) in respect of that disposition shall be added after that time in computing the adjusted cost base to the transferee of the property. Recomputation of adjusted cost base on amalgamation
(iii) le bien ne fait l’objet d’aucune disposition par le contribuable au cours de l’année; Paiements sous-jacents sur titres admissibles w) sauf autorisation expresse, la somme qui est réputée par le paragraphe 260(5.1) avoir été reçue par une autre personne au titre d’une somme visée à l’un des alinéas 260(5.1)a) à c); Produits dérivés – évaluation à la moindre valeur x) une réduction au cours d’une année d’imposition de la valeur d’un bien si, à la fois : (i) la méthode qu’utilise le contribuable pour évaluer le bien à la fin de l’année aux fins du calcul du bénéfice qu’il tire d’une entreprise ou d’un bien est d’évaluer le bien à son coût d’acquisition pour lui ou, si elle est inférieure, à sa juste valeur marchande à la fin de l’année, (ii) le bien est visé au paragraphe 10(6), (iii) le bien ne fait l’objet d’aucune disposition par le contribuable au cours de l’année; Paiements relatifs à des actions y) une somme mentionnée au paragraphe 13(36). Restriction relative à certains intérêts et impôts fonciers
Where a capital property that is a specified property is acquired by a new corporate entity at any time as a result of the amalgamation or merger of 2 or more predecessor corporations, (a) there shall be deducted after that time in computing the adjusted cost base to the new entity of the property the total of all amounts deducted under paragraph 53(2)(g.1) in computing, immediately before that time, the adjusted cost base to a predecessor corporation of the property, unless those amounts are SUBDIVISION c Taxable Capital Gains and Allowable Capital Losses otherwise deducted under that paragraph in computing the adjusted cost base to the new entity of the property; and (b) the amount deducted under paragraph 53(6)(a) in respect of the acquisition shall be added after that time in computing the adjusted cost base to the new entity of the property.
Malgré l’alinéa 20(1)c), dans le calcul du revenu qu’un contribuable tire d’une entreprise ou d’un bien pour une année d’imposition, un montant n’est déductible quant à une dépense engagée par le contribuable au cours de l’année au titre de : a) soit des intérêts sur une dette concernant l’acquisition d’un fonds de terre; b) soit des impôts fonciers — à l’exclusion des impôts sur le revenu ou sur les bénéfices et des impôts affectés au transfert de biens — payés ou payables par le contribuable sur le fonds de terre à une province ou à une municipalité du Canada, que si, compte tenu des circonstances, y compris le coût du fonds de terre pour le contribuable en rapport avec le revenu brut qu’il en tire pour l’année donnée ou pour une année d’imposition antérieure, il est raisonnable de conclure que le fonds est au cours de l’année donnée : c) soit utilisé dans le cours des activités d’une entreprise que le contribuable exploite au cours de l’année donnée — à l’exclusion des activités d’entreprise dans le cours normal desquelles le fonds est principalement détenu en vue de revente ou d’aménagement; d) soit principalement détenu afin que le contribuable en tire un revenu du fonds pour l’année donnée, Income Tax PART I Income Tax DIVISION B Computation of Income
adjusted cost base to a taxpayer of any property at any time means, except as otherwise provided, (a) where the property is depreciable property of the taxpayer, the capital cost to the taxpayer of the property adjusted, as of that time, in accordance with section 53, except that (c) for greater certainty, where any property (other than an interest in or a share of the capital stock of a flow-through entity within the meaning assigned by subsection 39.1(1)) that was last reacquired by the taxpayer as a result of an election under subsection 110.6(19) of the taxpayer is property that was reacquired by the taxpayer after having been previously disposed of by the taxpayer, no adjustment to the cost to the taxpayer of the property that was required to be made under section 53 before its reacquisition by the taxpayer shall be made under that section to the cost to the taxpayer of the property as reacquired property of the taxpayer, and capital property of a taxpayer means (b) any property (other than depreciable property), any gain or loss from the disposition of which would, if the property were disposed of, be a capital gain or a capital loss. (bien en immobilisation) SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses capital loss, as the case may be, of the taxpayer; (immobilisations) exemption threshold, of a taxpayer at a particular time in respect of a flow-through share class of property, means the amount determined by the formula A is the total of (a) the total of all amounts, each of which is an amount that would be the cost to the taxpayer, computed without reference to subsection 66.3(3), of a flow-through share that was included at any time before the particular time in the flow-through share class of property and that was issued by a corporation to the taxpayer on or after the taxpayer’s fresh-start date in respect of the flow-through share class of property at that time, other than a flow-through share that the taxpayer was obligated, before March 22, 2011, to acquire pursuant to the terms of a flow-through share agreement entered into between the corporation and the taxpayer, and (b) the total of all amounts, each of which is an amount that would be the adjusted cost base to the taxpayer of an interest in a partnership — computed as if subparagraph 53(1)(e)(vi.1) and clauses 53(2)(c)(iii)(C) and (D) did not apply to any amount incurred by the partnership in respect of a flow-through share held by the partnership, either directly or indirectly through another partnership — that was included at any time before the particular time in the flow-through share class of property, if (i) the taxpayer (A) acquired the interest on or after the taxpayer’s fresh-start date in respect of the flow-through share class of property at the particular time (other than an interest that the taxpayer was obligated, before August 16, 2011, to acquire pursuant to the terms of an agreement in writing entered into by the taxpayer), or (B) made a contribution of capital to the partnership on or after August 16, 2011, (ii) at any time after the taxpayer acquired the interest or made the contribution of capital, the taxpayer is deemed by subsection 66(18) to have made or incurred an outlay or expense in respect of a flow-through share held by the partnership, either directly or indirectly through another partnership, and (iii) at any time between the time that the taxpayer acquired the interest or made the contribution of capital and the particular time, more than 50% of the fair market value of the assets of the partnership is attributable to property included in a flow-through share class of property, and B is the total, if any, of all amounts, each of which is the lesser of (a) the total of all amounts, each of which is a capital gain from a disposition of a property included in the flow-through share class of property, other than a capital gain referred to in paragraph 38.1(a), at an earlier time that is (i) before the particular time, and (ii) after the first time that the taxpayer acquired a flow-through share referred to in paragraph (a) of the description of A or acquired a partnership interest referred to in paragraph (b) of the description of A, and flow-through share class of property means a group of properties, (a) in respect of a class of shares of the capital stock of a corporation, each of which is (i) a share of the class, if any share of the class or any right described in subparagraph (ii) is, at any time, a flow-through share to any person, (ii) a right to acquire a share of the class, if any share of that class or any right described in this subparagraph is, at any time, a flow-through share to any person, or (iii) a property that is an identical property of a property described in subparagraph (i) or (ii), or immobilisation admissible [Abrogé, 2016, ch. 12, art. 17] fresh-start date, of a taxpayer at a particular time in respect of a flow-through share class of property, means (a) in the case of a partnership interest that is included in the flow-through share class of property, the day that is the later of (i) August 16, 2011, and (ii) the last day, if any, before the particular time, on which the taxpayer held an interest in the partnership, and (b) in the case of any other property that is included in the flow-through share class of property, the day that is the later of (i) March 22, 2011, and (ii) the last day, if any, before the particular time, on which the taxpayer disposed of all property included in the flow-through share class of property; listed personal property of a taxpayer means the taxpayer’s personal-use property that is all or any portion of, or any interest in or right to — or, for civil law, any right in or to — any (a) print, etching, drawing, painting, sculpture, or other similar work of art, personal-use property of a taxpayer includes (a) property owned by the taxpayer that is used primarily for the personal use or enjoyment of the taxpayer or the personal use or enjoyment of one or more individuals each of whom is (i) the taxpayer, (ii) a person related to the taxpayer, or (iii) where the taxpayer is a trust, a beneficiary under the trust or any person related to the beneficiary, (b) any debt owing to the taxpayer in respect of the disposition of property that was the taxpayer’s personal-use property, and SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses (c) any property of the taxpayer that is an option to acquire property that would, if the taxpayer acquired it, be personal-use property of the taxpayer, and personal-use property of a partnership includes any partnership property that is used primarily for the personal use or enjoyment of any member of the partnership or for the personal use or enjoyment of one or more individuals each of whom is a member of the partnership or a person related to such a member; (biens à usage personnel) principal residence of a taxpayer for a taxation year means a particular property that is a housing unit, a leasehold interest in a housing unit or a share of the capital stock of a co-operative housing corporation acquired for the sole purpose of acquiring the right to inhabit a housing unit owned by the corporation and that is owned, whether jointly with another person or otherwise, in the year by the taxpayer, if (a) where the taxpayer is an individual other than a personal trust, the housing unit was ordinarily inhabited in the year by the taxpayer, by the taxpayer’s spouse or common-law partner or former spouse or common-law partner or by a child of the taxpayer, (a.1) where the taxpayer is a personal trust, the housing unit was ordinarily inhabited in the calendar year ending in the year by a specified beneficiary of the trust for the year, by the spouse or common-law partner or former spouse or common-law partner of such a beneficiary, or by a child of such a beneficiary, and (b) where the taxpayer is a personal trust or an individual other than a trust, the taxpayer (i) elected under subsection 45(2) that relates to the change in use of the particular property in the year or a preceding taxation year, other than an election rescinded under subsection 45(2) in the taxpayer’s return of income for the year or a preceding taxation year, or (ii) elected under subsection 45(3) that relates to a change in use of the particular property in a subsequent taxation year, except that, subject to section 54.1, a particular property shall be considered not to be a taxpayer’s principal residence for a taxation year (c) where the taxpayer is an individual other than a personal trust, unless the particular property was designated by the taxpayer in prescribed form and manner to be the taxpayer’s principal residence for the year and no other property has been designated for the purposes of this definition for the year (i) where the year is before 1982, by the taxpayer, or (ii) where the year is after 1981, (A) by the taxpayer, (B) by a person who was throughout the year the taxpayer’s spouse or common-law partner (other than a spouse or common-law partner who was throughout the year living apart from, and was separated under a judicial separation or written separation agreement from, the taxpayer), (C) by a person who was the taxpayer’s child (other than a child who was at any time in the year a married person, a person who is in a common-law partnership or 18 years of age or older), or (D) where the taxpayer was not at any time in the year a married person, a person who is in a common-law partnership or 18 years of age or older, by a person who was the taxpayer’s (I) mother or father, or (II) brother or sister, where that brother or sister was not at any time in the year a married person, a person who is in a common-law partnership or 18 years of age or older, (c.1) where the taxpayer is a personal trust, unless (i) the particular property was designated by the trust in prescribed form and manner to be the taxpayer’s principal residence for the year, (ii) the trust specifies in the designation each individual (in this definition referred to as a “specified beneficiary” of the trust for the year) who, in the calendar year ending in the year, (A) is beneficially interested in the trust, and (B) except where the trust is entitled to designate it for the year solely because of paragraph (b), ordinarily inhabited the housing unit or has a spouse or common-law partner, former spouse or common-law partner or child who ordinarily inhabited the housing unit, (iii) no corporation (other than a registered charity) or partnership is beneficially interested in the trust at any time in the year, (iii.1) if the year begins after 2016, the trust is, in the year, (I) for which a day is to be determined under paragraph 104(4)(a), (a.1) or (a.4) by reference to the death or later death, as the case may be, that has not occurred before the beginning of the year, of an individual who is resident in Canada during the year, and (II) a specified beneficiary of which for the year is the individual referred to in subclause (I), (I) that is a qualified disability trust (as defined in subsection 122(3)) for the year, and (II) an electing beneficiary (in this clause, as defined in subsection 122(3)) of which for the year is
Impôt sur le revenu
(I) a specified beneficiary of which for the year is an individual
sauf dans la mesure du total des montants suivants : e) l’excédent éventuel du revenu brut tiré du fonds par le contribuable pour l’année donnée sur le total des montants déduits dans le calcul du revenu qu’il tire du fonds pour l’année donnée; f) s’il s’agit d’une société dont l’activité d’entreprise principale consiste à louer, à vendre ou à faire de l’aménagement en vue de louer ou de vendre des biens immeubles ou réels dont elle est propriétaire, à une personne avec laquelle elle n’a aucun lien de dépendance ou pour cette personne, la déduction de base de la société pour l’année donnée. Cas où le contribuable est un associé d’une société de personnes (2.1) Lorsqu’un contribuable — associé d’une société de personnes — était tenu de payer un montant au titre des intérêts (au présent paragraphe appelés « intérêts ») sur une somme qu’il a empruntée avant le 1er avril 1977 et qui a servi à acquérir un fonds détenu par la société de personnes avant cette date ou en vertu d’une obligation contractée avant le 1er avril 1977 afin de payer un fonds détenu par la société de personnes avant cette date et au cours d’une année d’imposition du contribuable et que : a) soit la société de personnes a disposé de tout ou partie du fonds de terre, b) soit le contribuable a disposé de tout ou partie de sa participation dans la société de personnes, en faveur d’une personne avec laquelle le contribuable n’a aucun lien de dépendance, le contribuable peut, dans le calcul de son revenu pour l’année ou une année suivante, déduire la fraction des intérêts payables par le contribuable qui est raisonnable par rapport à la partie du fonds de terre ou de la participation dans la société de personnes, selon le cas, qui a fait l’objet d’une telle disposition et qui remplit les conditions suivantes : c) elle n’était pas, en vertu du paragraphe (2), déductible dans le calcul de son revenu pour une année d’imposition antérieure; d) elle n’était pas déductible dans le calcul du revenu d’un autre contribuable pour une année d’imposition quelconque; e) elle n’était pas incluse dans le calcul du prix de base rajusté, pour le contribuable, d’un bien quelconque; f) elle n’était pas déductible en vertu du présent paragraphe dans le calcul du revenu du contribuable pour une année d’imposition antérieure. Base level deduction (2.5) Notwithstanding any other provision of this section, Déduction de base (2.2) Pour l’application du présent article, la déduction de base d’une société pour une année d’imposition est le montant qui serait l’intérêt, calculé au taux prescrit, pour l’année sur un prêt de 1 000 000 $ qui resterait impayé tout au long de l’année, sauf si la société est associée au cours de l’année à une ou à plusieurs autres sociétés, auquel cas, sauf disposition contraire au présent article, la déduction de base de la société est nulle. Sociétés associées (2.3) Malgré le paragraphe (2.2), si les sociétés qui sont associées entre elles au cours d’une année d’imposition ont présenté au ministre, selon le formulaire prescrit, une convention qui prévoit, pour l’application du présent article, la répartition entre elles ou l’attribution à l’une d’elles, pour l’année, d’un montant ne dépassant pas 1 000 000 $, la déduction de base de chaque société pour l’année est calculée conformément au paragraphe (2.2), mais en remplaçant la mention de 1 000 000 $ par le montant qui lui est ainsi attribué. Défaut de présentation de la convention (2.4) Si aucune des sociétés associées entre elles au cours d’une année d’imposition ne présente au ministre la convention visée au paragraphe (2.3) dans les 30 jours suivant l’envoi par le ministre d’un avis écrit à l’une d’elles qu’une telle convention est nécessaire à l’établissement d’une cotisation pour l’impôt prévu à la présente partie, le ministre doit, pour l’application du présent article, répartir entre elles ou attribuer à l’une d’elles pour l’année de manière à ce que le total des montants ainsi attribués soit égal à 1 000 000 $, auquel cas le montant ainsi attribué à chaque société est réputé l’être conformément au paragraphe (2.3). Règles particulières (2.5) Malgré les autres dispositions du présent article : a) sous réserve de l’alinéa b), lorsqu’une société a plus d’une année d’imposition qui se termine au cours de la même année civile et qu’elle est associée, au cours d’au moins deux de ces années d’imposition, à une autre société ayant une année d’imposition qui se termine au cours de cette année civile, la déduction de base de Definitions
(II) in respect of which either of the following conditions is met:
In subsection 18(2), la société pour chacune de ces années d’imposition qui se termine au cours de cette année civile et où elle est associée à l’autre société est égale à sa déduction de base pour la première de ces années d’imposition — déterminée compte non tenu de l’alinéa b); b) la déduction de base d’une société qui a une année d’imposition de moins de 51 semaines est, pour cette année, calculée proportionnellement au nombre de jours de l’année par rapport à 365. Définitions
Les définitions qui suivent s’appliquent au paragraphe (2). fonds de terre Les biens suivants ne sont pas des fonds de terre, sauf dans la mesure où ils sont exploités comme terrain de stationnement à titre onéreux : a) les bâtiments et constructions fixés au sol; b) les fonds de terre sous-jacents aux biens visés à l’alinéa a); c) les fonds de terre contigus aux fonds de terre visés à l’alinéa b) et qui sont un terrain de stationnement, une voie d’accès, une cour, un jardin ou un fonds de terre utilisé à des fins semblables comme accessoire nécessaire à un bien visé à l’alinéa a). (land) intérêts sur une dette concernant l’acquisition d’un fonds de terre Sont compris dans ces intérêts : a) les intérêts payés ou payables au cours d’une année relativement à de l’argent emprunté qu’il n’est pas possible de rattacher à un fonds de terre déterminé, mais qu’il est néanmoins raisonnable de considérer (compte tenu des circonstances) comme des intérêts sur de l’argent emprunté et utilisé à l’égard de l’acquisition d’un fonds de terre; b) les intérêts payés ou payables au cours de l’année par le contribuable sur de l’argent emprunté qu’il est raisonnable de considérer (compte tenu des circonstances) comme ayant été utilisé pour aider, directement ou indirectement : (i) une autre personne avec laquelle le contribuable a un lien de dépendance, (ii) une société dont le contribuable est un actionnaire déterminé, (fonds de terre) (iii) une société de personnes sur le revenu ou la perte de laquelle la part du contribuable est d’au moins 10 %, à acquérir un fonds de terre qui sera utilisé ou détenu par cette personne, société ou société de personnes autrement que de la manière prévue aux alinéas (2)c) ou d), sauf lorsque l’aide prend la forme d’un prêt à cette personne, société ou société de personnes sur lequel le contribuable exige un taux d’intérêt raisonnable. (interest on debt relating to the acquisition of land) Coûts liés à un bâtiment ou à un fonds de terre (3.1) Malgré les autres dispositions de la présente loi, dans le calcul du revenu d’un contribuable pour une année d’imposition : a) aucune déduction n’est faite à l’égard d’une dépense engagée ou effectuée par le contribuable (à l’exception d’une somme déductible en application des alinéas 20(1)a), aa) ou qq) ou du paragraphe 20(29)) qu’il est raisonnable de considérer comme attribuable à la période de construction, rénovation ou transformation, soit d’un bâtiment par le contribuable ou pour le contribuable, soit d’un fonds de terre qui : (i) soit est sous-jacent au bâtiment, (ii) soit remplit les conditions suivantes : (A) il est contigu au fonds de terre sous-jacent au bâtiment, (B) il est utilisé, ou destiné à être utilisé, comme terrain de stationnement, voie d’accès, cour ou jardin ou à un usage semblable, (C) il est nécessaire à l’utilisation présente ou projetée du bâtiment; b) dans la mesure où il serait déductible par ailleurs dans le calcul du revenu du contribuable pour l’année, le montant d’une telle dépense est inclus dans le calcul du coût ou du coût en capital, selon le cas, du bâtiment pour le contribuable, pour la personne avec laquelle il a un lien de dépendance, pour la société dont il est un actionnaire déterminé ou pour la société de personnes Income Tax PART I Income Tax DIVISION B Computation of Income
SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses death of a mother or father of the individu- al referred to in subclause (I), or (I) a specified beneficiary of which for the year is a qualifying individual for the year in respect of the trust, and (II) under which no person other than a bene- ficiary described in subclause (I) may receive or otherwise obtain the use of, during the beneficiary’s lifetime, any of the income or capital of the trust and the trustees are re- quired to consider the needs of the beneficiary including, without limiting the generality of the foregoing, the comfort, care and mainte- nance of the beneficiary, and (iv) no other property has been designated for the purpose of this definition for the calendar year end- ing in the year by any specified beneficiary of the trust for the year, by a person who was throughout that calendar year such a beneficiary’s spouse or common-law partner (other than a spouse or com- mon-law partner who was throughout that calendar year living apart from, and was separated pursuant to a judicial separation or written separation agree- ment from, the beneficiary), by a person who was such a beneficiary’s child (other than a child who was during that calendar year a married person or a person who is in a common-law partnership or a person 18 years or over) or, where such a beneficia- ry was not during that calendar year a married per- son or a person who is in a common-law partner- ship or a person 18 years or over, by a person who was such a beneficiary’s (A) mother or father, or (B) brother or sister, where that brother or sister was not during that calendar year a married per- son or a person who is in a common-law part- nership or a person 18 years or over, or (d) because of paragraph (b), if solely because of that paragraph the property would, but for this paragraph, have been a principal residence of the taxpayer for 4 or more preceding taxation years, and, for the purpose of this definition, (e) the principal residence of a taxpayer for a taxation year shall be deemed to include, except where the par- ticular property consists of a share of the capital stock of a co-operative housing corporation, the land subja- cent to the housing unit and such portion of any immediately contiguous land as can reasonably be regarded as contributing to the use and enjoyment of the housing unit as a residence, except that where the total area of the subjacent land and of that portion exceeds 1/2 hectare, the excess shall be deemed not to have contributed to the use and enjoyment of the housing unit as a residence unless the taxpayer establishes that it was necessary to such use and enjoyment, (f) a particular property designated under paragraph (c.1) by a trust for a year shall be deemed to be property designated for the purposes of this definition by each specified beneficiary of the trust for the calendar year ending in the year, and (g) a qualifying individual, for a taxation year in respect of a trust, means an individual who meets the following conditions: (i) the individual is, in the year, any of (A) the settlor of the trust, (B) the child, grandchild, great grandchild, parent, grandparent, great grandparent, brother, sister, uncle, aunt, niece or nephew of the settlor or of the spouse or common-law partner or former spouse or common-law partner of the settlor, and (C) the spouse or common-law partner or former spouse or common-law partner of any person described in clause (A) or (B), (ii) the individual is resident in Canada during the year, and (iii) an amount is deductible, or would be deductible if this Act were read without reference to paragraph 118.3(1)(c), under subsection 118.3(1) in computing the individual’s tax payable under this Part for the year; (résidence principale) proceeds of disposition of property includes, (a) the sale price of property that has been sold, (b) compensation for property unlawfully taken, (c) compensation for property destroyed, and any amount payable under a policy of insurance in respect of loss or destruction of property, (d) compensation for property taken under statutory authority or the sale price of property sold to a person by whom notice of an intention to take it under statutory authority was given, SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses (e) compensation for property injuriously affected, whether lawfully or unlawfully or under statutory authority or otherwise, (f) compensation for property damaged and any amount payable under a policy of insurance in respect of damage to property, except to the extent that such compensation or amount, as the case may be, has within a reasonable time after the damage been expended on repairing the damage, (g) an amount by which the liability of a taxpayer to a mortgagee or hypothecary creditor is reduced as a result of the sale of mortgaged or hypothecated property under a provision of the mortgage or hypothec, plus any amount received by the taxpayer out of the proceeds of the sale, (h) any amount included in computing a taxpayer’s proceeds of disposition of the property because of section 79, and (i) in the case of a share, an amount deemed by subparagraph 88(2)(b)(ii) not to be a dividend on that share, but notwithstanding any other provision of this Part, does not include (j) any amount that would otherwise be proceeds of disposition of a share to the extent that the amount is deemed by subsection 84(2) or (3) to be a dividend received except to the extent the dividend is deemed (i) by paragraph 55(2)(b) to be proceeds of disposition of the share, or (k) any amount that would otherwise be proceeds of disposition of property of a taxpayer to the extent that the amount is deemed by subsection 84.1(1), 212.1(1.1) or 212.2(2) to be a dividend paid to the taxpayer or, if the taxpayer is a partnership, to a member of the taxpayer; (produit de disposition) specified property of a taxpayer is capital property of the taxpayer that is (b) a capital interest in a trust, (c) an interest in a partnership, or SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses superficial loss of a taxpayer means the taxpayer’s loss from the disposition of a particular property where (a) during the period that begins 30 days before and ends 30 days after the disposition, the taxpayer or a person affiliated with the taxpayer acquires a property (in this definition referred to as the “substituted property”) that is, or is identical to, the particular property, and (b) at the end of that period, the taxpayer or a person affiliated with the taxpayer owns or had a right to acquire the substituted property, except where the disposition was (c) a disposition deemed to have been made by subsection 45(1), section 48 as it read in its application before 1993, section 50 or 70, subsection 104(4), section 128.1, paragraph 132.2(3)(a) or (c), subsection 138(11.3) or 138(12.4) or 142.5(2), section 142.6 or any of subsections 144(4.1) and (4.2) and 149(10), (e) a disposition to which paragraph 40(2)(e.1) applies, (f) a disposition by a taxpayer that was subject to a loss restriction event within 30 days after the disposition, (g) a disposition by a person that, within 30 days after the disposition, became or ceased to be exempt from tax under this Part on its taxable income, or and, for the purpose of this definition, (i) a right to acquire a property (other than a right, as security only, derived from a mortgage, hypothec, agreement for sale or similar obligation) is deemed to be a property that is identical to the property, and (j) a share of the capital stock of a SIFT wind-up corporation in respect of a SIFT wind-up entity is, if the share was acquired before 2013, deemed to be a property that is identical to equity in the SIFT wind-up entity. (perte apparente) [NOTE: Application provisions are not included in the consolidated text; SUBDIVISION c Taxable Capital Gains and Allowable Capital Losses Exception to principal residence rules
Where s. (3.1) does not apply Impôt sur le revenu
(a) the property subsequently becomes ordinarily inhabited by the taxpayer during the term of the taxpayer’s or the taxpayer’s spouse’s or common-law partner’s employment by that employer or before the end of the taxation year immediately following the taxation year in which the taxpayer’s or the spouse’s or common-law partner’s employment by that employer terminates; or (b) the taxpayer dies during the term of the taxpayer’s or the spouse’s or common-law partner’s employment by that employer.
In this section, property, in relation to a taxpayer, means a housing unit (a) owned by the taxpayer, (b) in respect of which the taxpayer has a leasehold interest, or (c) in respect of which the taxpayer owned a share of the capital stock of a co-operative housing corporation if the share was acquired for the sole purpose of acquiring the right to inhabit a housing unit owned by the corporation whether jointly with another person or otherwise in the year and that at all times was at least 40 kilometres farther from the taxpayer’s or the taxpayer’s spouse’s or common-law partner’s new place of employment than was the taxpayer’s subsequent place or places of residence. Certain shares deemed to be capital property
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; 1988, c. 55, s. 32.] distribution means a direct or indirect transfer of property of a corporation (referred to in this section as the “distributing corporation”) to one or more corporations (each of which is referred to in this section as a “transferee corporation”) where, in respect of each type of property owned by the distributing corporation immediately before the transfer, each transferee corporation receives property of that type the fair market value of which is equal to or approximates the amount determined by the formula A is the fair market value, immediately before the transfer, of all property of that type owned at that time by the distributing corporation, B is the fair market value, immediately before the transfer, of all the shares of the capital stock of the distributing corporation owned at that time by the transferee corporation, and C is the fair market value, immediately before the transfer, of all the issued shares of the capital stock of the distributing corporation; (attribution) permitted acquisition, in relation to a distribution by a distributing corporation, means an acquisition of property by a person or partnership on, or as part of, (b) a permitted exchange or permitted redemption in relation to a distribution by another distributing corporation; (acquisition autorisée) permitted exchange, in relation to a distribution by a distributing corporation, means (a) an exchange of shares for shares of the capital stock of the distributing corporation to which subsection 51(1) or 86(1) applies or would, if the shares were capital property to the holder thereof, apply, other than an exchange that resulted in an acquisition of control of the distributing corporation by any person or group of persons, and (b) an exchange of shares of the capital stock of the distributing corporation by one or more shareholders of the distributing corporation (each of whom is referred to in this paragraph as a “participant”) for shares of the capital stock of another corporation (referred to in this paragraph as the “acquiror”) in contemplation of the distribution where (i) no share of the capital stock of the acquiror outstanding immediately after the exchange (other than directors’ qualifying shares) is owned at that time by any person or partnership other than a participant, and either (ii) the acquiror owns, immediately before the distribution, all the shares each of which is a share of the capital stock of the distributing corporation that was owned immediately before the exchange by a participant, or (iii) the fair market value, immediately before the distribution, of each participant’s shares of the capital stock of the acquiror is equal to or approximates the amount determined by the formula SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses A is the fair market value, immediately before the distribution, of all the shares of the capital stock of the acquiror then outstanding (other than shares issued to participants in consideration for shares of a specified class all the shares of which were acquired by the acquiror on the exchange), B is the fair market value, immediately before the exchange, of all the shares of the capital stock of the distributing corporation (other than shares of a specified class none or all of the shares of which were acquired by the acquiror on the exchange) owned at that time by the participant, C is the fair market value, immediately before the exchange, of all the shares (other than shares of a specified class none or all of the shares of which were acquired by the acquiror on the exchange and shares to be redeemed, acquired or cancelled by the distributing corporation pursuant to the exercise of a statutory right of dissent by the holder of the share) of the capital stock of the distributing corporation outstanding immediately before the exchange, and D is the fair market value, immediately before the distribution, of all the shares issued to the participant by the acquiror in consideration for shares of a specified class all the shares of which were acquired by the acquiror on the exchange; (échange autorisé) permitted redemption, in relation to a distribution by a distributing corporation, means (a) a redemption or purchase for cancellation by the distributing corporation, as part of the reorganization in which the distribution was made, of all the shares of its capital stock that were owned, immediately before the distribution, by a transferee corporation in relation to the distributing corporation, (b) a redemption or purchase for cancellation by a transferee corporation in relation to the distributing corporation, or by a corporation that, immediately after the redemption or purchase, was a subsidiary wholly-owned corporation of the transferee corporation, as part of the reorganization in which the distribution was made, of all of the shares of the capital stock of the transferee corporation or the subsidiary wholly-owned corporation that were acquired by the distributing corporation in consideration for the transfer of property received by the transferee corporation on the distribution, and SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses (c) a redemption or purchase for cancellation by the distributing corporation, in contemplation of the distribution, of all the shares of its capital stock each of which is (i) a share of a specified class the cost of which, at the time of its issuance, to its original owner was equal to the fair market value at that time of the consideration for which it was issued, or (ii) a share that was issued, in contemplation of the distribution, by the distributing corporation in exchange for a share described in subparagraph 55(1) permitted redemption (c)(i); (rachat autorisé) qualified person, in relation to a distribution, means a person or partnership with whom the distributing corporation deals at arm’s length at all times during the course of the series of transactions or events that includes the distribution if (a) at any time before the distribution, (i) all of the shares of each class of the capital stock of the distributing corporation that includes shares held by that person or partnership to be a specified class are referred to as the “exchanged shares” are, in the circumstances described in paragraph (a) of the definition permitted exchange, exchanged for consideration that consists solely of shares of a specified class of the capital stock of the distributing corporation (in this definition referred to as the “new shares”), or (ii) the terms or conditions of all of the exchanged shares are amended (which shares are in this definition referred to after the amendment as the “amended shares”) and the amended shares are shares of a specified class of the capital stock of the distributing corporation, (b) immediately before the exchange or amendment, the exchanged shares are listed on a designated stock exchange, (c) immediately after the exchange or amendment, the new shares or the amended shares, as the case may be, are listed on a designated stock exchange, (d) the exchanged shares would be shares of a specified class if they were not convertible into, or exchangeable for, other shares, (e) the new shares or the amended shares, as the case may be, and the exchanged shares are non-voting in SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses respect of the election of the board of directors of the distributing corporation except in the event of a failure or default under the terms or conditions of the shares, and (f) no holder of the new shares or the amended shares, as the case may be, is entitled to receive on the redemption, cancellation or acquisition of the new shares or the amended shares, as the case may be, by the distributing corporation or by any person with whom the distributing corporation does not deal at arm’s length an amount (other than a premium for early redemption) that is greater than the total of the fair market value of the consideration for which the exchanged shares were issued and the amount of any unpaid dividends on the new shares or on the amended shares, as the case may be; (personne admissible) safe-income determination time for a transaction or event or a series of transactions or events means the time that is the earlier of (a) the time that is immediately after the earliest disposition or increase in interest described in any of subparagraphs 55(3)(a)(i) to 55(3)(a)(v) that resulted from the transaction, event or series, and (b) the time that is immediately before the earliest time that a dividend is paid as part of the transaction, event or series; (moment de détermination du revenu protégé) (a) the paid-up capital in respect of the class immediately before the beginning of the series of transactions or events that includes a distribution by the distributing corporation was not less than the fair market value of the consideration for which the shares of that class then outstanding were issued, (b) under neither the terms and conditions of the shares nor any agreement in respect of the shares are the shares convertible into or exchangeable for shares other than shares of a specified class or shares of the capital stock of a transferee corporation in relation to the distributing corporation, (c) no holder of the shares is entitled to receive on the redemption, cancellation or acquisition of the shares by the corporation or by any person with whom the corporation does not deal at arm’s length an amount (other than a premium for early redemption) that is greater than the total of the fair market value of the consideration for which the shares were issued and the amount of any unpaid dividends on the shares, and (a) that is a public corporation or a specified wholly-owned corporation of a public corporation, (b) shares of the capital stock of which are exchanged for shares of the capital stock of another corporation (referred to in this definition and subsection (3.02) as an “acquiror”) in an exchange to which the definition permitted exchange in this subsection would apply if that definition were read without reference to paragraph (a) and subparagraph (b)(ii) of that definition, (c) that does not make a distribution, to a corporation that is not an acquiror, after 1998 and before the day that is three years after the day on which the shares of the capital stock of the distributing corporation are exchanged in a transaction described in paragraph (b), and (d) no acquiror in relation to which makes a distribution after 1998 and before the day that is three years after the day on which the shares of the capital stock of the distributing corporation are exchanged in a transaction described in paragraph (b), (e) a corporation that is formed by an amalgamation of two or more other corporations is deemed to be the same corporation as, and a continuation of, each of the other corporations, and specified wholly-owned corporation of a public corporation means a corporation all of the outstanding shares of the capital stock of which (other than directors’ qualifying shares and shares of a specified class) are held by Deemed proceeds or gain
If this subsection applies to a taxable dividend received by a dividend recipient, notwithstanding any other provision of this Act, the amount of the dividend (other than the portion of it, if any, subject to tax under Part IV that is not refunded as a consequence of the payment of a dividend by a corporation where the payment is part of the series referred to in subsection (2.1)) is deemed (a) not to be a dividend received by the dividend recipient; (b) if the dividend is received on a redemption, acquisition or cancellation of a share, by the corporation that issued the share, to which subsection 84(2) or (3) applies, to be proceeds of disposition of the share that is redeemed, acquired or cancelled except to the extent that the dividend is otherwise included in computing those proceeds; and (c) if paragraph (b) does not apply to the dividend, to be a gain of the dividend recipient, for the year in which the dividend was received, from the disposition of a capital property. (2.1) Subsection (2) applies to a taxable dividend received by a corporation resident in Canada (in subsections (2) to (2.2) and (2.4) referred to as the dividend recipient) as part of a transaction or event or a series of transactions or events if (a) the dividend recipient is entitled to a deduction in respect of the dividend under subsection 112(1) or (2) or 138(6); (b) it is the case that (i) one of the purposes of the payment or receipt of the dividend (or, in the case of a dividend under subsection 84(3), one of the results of which) is to effect a significant reduction in the portion of the capital gain that, but for the dividend, would have been realized on a disposition at fair market value of any share of capital stock immediately before the dividend, or (ii) the dividend (other than a dividend that is received on a redemption, acquisition or cancellation of a share, by the corporation that issued the share, to which subsection 84(2) or (3) applies) is received on a share that is held as capital property by the dividend recipient and one of the purposes of the payment or receipt of the dividend is to effect (A) a significant reduction in the fair market value of any share, or (B) a significant increase in the cost of property, such that the amount that is the total of the cost amounts of all properties of the dividend recipient immediately after the dividend is significantly greater than the amount that is the total of the cost amounts of all properties of the dividend recipient immediately before the dividend; and (c) the amount of the dividend exceeds the amount of the income earned or realized by any corporation — after 1971 and before the safe-income determination time for the transaction, event or series — that could reasonably be considered to contribute to the capital gain that could be realized on a disposition at fair market value, immediately before the dividend, of the share on which the dividend is received. Special rule — amount of the stock dividend (2.2) For the purpose of applying subsections (2), (2.1), (2.3) and (2.4), the amount of a stock dividend and the dividend recipient’s entitlement to a deduction under subsection 112(1) or (2) or 138(6) in respect of the amount of that dividend are to be determined as if paragraph (b) of the definition amount in subsection 248(1) read as follows: (b) in the case of a stock dividend paid by a corporation, the greater of (i) the amount by which the paid-up capital of the corporation that paid the dividend is increased by reason of the payment of the dividend, and (ii) the fair market value of the share or shares issued as a stock dividend at the time of payment, Stock dividends and safe income (a) the amount of the stock dividend is deemed for the purpose of subsection (2) to be a separate taxable dividend to the extent of the portion of the amount that does not exceed the amount of the income earned or realized by any corporation — after 1971 and before the safe-income determination time for the transaction, event or series — that could reasonably be considered to contribute to the capital gain that could be realized on a disposition at fair market value, immediately before the dividend, of the share on which the dividend is received; and (b) the amount of the separate taxable dividend referred to in paragraph (a) is deemed to reduce the amount of the income earned or realized by any corporation — after 1971 and before the safe-income determination time for the transaction, event or series — that could reasonably be considered to contribute to the capital gain that could be realized on a disposition at fair market value, immediately before the dividend, of the share on which the dividend is received. (a) a dividend recipient holds a share upon which it receives the stock dividend; (b) the fair market value of the share or shares issued as a stock dividend exceeds the amount by which the paid-up capital of the corporation that paid the stock dividend is increased because of the dividend; and (c) subsection (2) would apply to the dividend if subsection (2.1) were read without reference to its paragraph (c). Determination of reduction in fair market value (2.5) For the purpose of applying clause (2.1)(b)(ii)(A), whether a dividend causes a significant reduction in the fair market value of any share is to be determined as if the fair market value of the share, immediately before the dividend, was increased by an amount equal to the SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses amount, if any, by which the fair market value of the dividend received on the share exceeds the fair market value of the share.
dont sa part du revenu ou de la perte est d’au moins 10 %, selon le cas. Coûts inclus (3.2) Pour l’application du paragraphe (3.1), les coûts liés à la construction, rénovation ou transformation d’un bâtiment ou à la propriété d’un fonds de terre comprennent : a) les intérêts payés ou payables par le contribuable relativement à de l’argent emprunté qui n’est pas possible de rattacher à un bâtiment ou fonds de terre donné, mais qu’il est raisonnable de considérer (compte tenu des circonstances) comme des intérêts sur de l’argent emprunté et utilisé par le contribuable à l’égard de la construction, rénovation ou transformation d’un bâtiment ou de la propriété d’un fonds de terre; b) les intérêts payés ou payables par le contribuable sur de l’argent emprunté qu’il est raisonnable de considérer (compte tenu des circonstances) comme ayant été utilisé pour aider, directement ou indirectement : (i) une autre personne avec laquelle le contribuable a un lien de dépendance, (ii) une société dont le contribuable est un actionnaire déterminé, (iii) une société de personnes sur le revenu ou la perte de laquelle la part du contribuable est d’au moins 10 %. à construire, rénover ou transformer un bâtiment ou à acheter un fonds de terre, sauf si l’aide prend la forme d’un prêt à une telle personne sur lequel le contribuable exige un taux d’intérêt raisonnable : Achèvement de la construction (3.3) Pour l’application du paragraphe (3.1), la construction, la rénovation ou la transformation d’un bâtiment est terminée au premier en date des jours suivants : le jour où la construction, la rénovation ou la transformation est effectivement terminée et le jour où la totalité, ou presque, du bâtiment est utilisé aux fins auxquelles il a été construit, rénové ou transformé. Non-application du par. (3.1) (3.4) Le paragraphe (3.1) n’a pas pour effet de priver les sociétés et sociétés de personnes suivantes de la déduction, au taux indiqué, pour une année d’imposition, des dépenses engagées ou effectuées avant 1992 et visées à ce paragraphe : (b) a partnership Idem Commencement of footings (ii) exceeds et si la construction, la rénovation ou la transformation, selon le cas, du bâtiment se poursuit après 1982 sans retard indu (compte tenu des cas de force majeure, des conflits de travail, des accidents ou des délais imprévus occasionnés par les transporteurs publics ou les fournisseurs de matériaux ou d’équipement). Retard indu (3.6) Pour l’application du paragraphe (3.5), lorsque plusieurs bâtiments sont construits, l’un des cas prévus à ce paragraphe, sur un ou des emplacements adjacents, il n’est pas censé y avoir retard indu à l’égard d’un bâtiment quelconque si, à tout le moins, la construction d’un tel bâtiment se poursuit après 1982 sans retard indu et si la construction de tous les autres bâtiments se poursuit, après 1983, sans retard indu. Installation des empattements (3.7) Pour l’application du présent article, l’installation des empattements ou de toute autre base de soutien d’un bâtiment est réputée commencer lors de la première installation de béton, de pieux ou d’autres matériaux destinés à servir de fondation permanente du bâtiment. Plafond de la déduction d’intérêts
Subsection 55(2) does not apply to any dividend received by a corporation (in this subsection and subsection 55(3.01) referred to as the “dividend recipient”) (a) in the case of a dividend that is received on a redemption, acquisition or cancellation of a share, by the corporation that issued the share, to which subsection 84(2) or (3) applies, if, as part of a transaction or event or a series of transactions or events as part of which the dividend is received, there was not at any particular time (i) a disposition of property, other than (A) money disposed of on the payment of a dividend or on a reduction of the paid-up capital of a share, and (B) property disposed of for proceeds that are not less than its fair market value, to a person or partnership that was an unrelated person immediately before the particular time, (ii) a significant increase (other than as a consequence of a disposition of shares of the capital stock of a corporation for proceeds of disposition that are not less than their fair market value) in the total direct interest in any corporation of one or more persons or partnerships that were unrelated persons immediately before the particular time, (iii) a disposition, to a person or partnership who was an unrelated person immediately before the particular time, of (A) shares of the capital stock of the corporation that paid the dividend (referred to in this paragraph and subsection 55(3.01) as the “dividend payer”), or (B) property (other than shares of the capital stock of the dividend recipient) more than 10% of the fair market value of which was, at any time during the series, derived from any combination of shares of the capital stock and debt of the dividend payer, (iv) after the time the dividend was received, a disposition, to a person or partnership that was an unrelated person immediately before the particular time, of (B) property more than 10% of the fair market value of which was, at any time during the series, derived from any combination of shares of the capital stock and debt of the dividend recipient, and (v) a significant increase in the total of all direct interests in the dividend payer of one or more persons or partnerships who were unrelated persons immediately before the particular time; or (b) if the dividend was received (i) in the course of a reorganization in which (A) a distributing corporation made a distribution to one or more transferee corporations, and (B) the distributing corporation was wound up or all of the shares of its capital stock owned by each transferee corporation immediately before the distribution were redeemed or cancelled otherwise than on an exchange to which subsection 51(1), 85(1) or 86(1) applies, and (ii) on a permitted redemption in relation to the distribution or on the winding-up of the distributing corporation. (a) an unrelated person means a person (other than the dividend recipient) to whom the dividend recipient is not related or a partnership any member of which (other than the dividend recipient) is not related to the dividend recipient; (b) a corporation that is formed by an amalgamation of 2 or more other corporations is deemed to be the SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses same corporation as, and a continuation of, each of the other corporations; (c) where there has been a winding-up of a corporation to which subsection 88(1) applies, the parent is deemed to be the same corporation as, and a continuation of, the subsidiary; (i) subparagraph (j)(i) of the definition proceeds of disposition in section 54, and (e) notwithstanding any other provision of this Act, where a non-resident person disposes of a property in a taxation year and the gain or loss from the disposition is not included in computing the person’s taxable income earned in Canada for the year, the person is deemed to have disposed of the property for proceeds of disposition that are less than its fair market value unless, under the income tax laws of the country in which the person is resident, the gain or loss is computed as if the property were disposed of for proceeds of disposition that are not less than its fair market value and the gain or loss so computed is recognized for the purposes of those laws; (f) a significant increase in the total direct interest in a corporation that would, but for this paragraph, be described in subparagraph (3)(a)(ii) is deemed not to be described in that subparagraph if the increase was the result of the issuance of shares of the capital stock of the corporation solely for money and the shares were redeemed, acquired or cancelled by the corporation before the dividend was received; (g) a disposition of property that would, but for this paragraph, be described in subparagraph (3)(a)(i), or a significant increase in the total direct interest in a corporation that would, but for this paragraph, be described in subparagraph (3)(a)(ii), is deemed not to be described in those subparagraphs if (i) the dividend payer was related to the dividend recipient immediately before the dividend was received, (ii) the dividend payer did not, as part of the series of transactions or events that includes the receipt of the dividend, cease to be related to the dividend recipient, (iii) the disposition or increase occurred before the dividend was received, SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses (iv) the disposition or increase was the result of the disposition of shares to, or the acquisition of shares of, a particular corporation, and (v) at the time the dividend was received, all the shares of the capital stock of the dividend recipient and the dividend payer were owned by the particular corporation, a corporation that controlled the particular corporation, a corporation controlled by the particular corporation or any combination of those corporations; and (h) a winding-up of a subsidiary wholly-owned corporation to which subsection 88(1) applies, or an amalgamation to which subsection 87(1) applies of a corporation with one or more subsidiary wholly-owned corporations, is deemed not to result in a significant increase in the total direct interest, or in the total of all direct interests, in the subsidiary or subsidiaries, as the case may be. (3.02) For the purposes of the definition distribution in subsection (1), where the transfer referred to in that definition is by a specified corporation to an acquirer described in the definition specified corporation in subsection (1), the references in the definition distribution to (a) “each type of property” shall be read as “property”; and (b) “property of that type” shall be read as “property”. (3.1) Notwithstanding subsection 55(3), a dividend to which subsection 55(2) would, but for paragraph 55(3)(b), apply is not excluded from the application of subsection 55(2) where (a) in contemplation of and before a distribution (other than a distribution by a specified corporation) made in the course of the reorganization in which the dividend was received, property became property of the distributing corporation, a corporation controlled by it or a predecessor corporation of any such corporation otherwise than as a result of (i) an amalgamation of corporations each of which was related to the distributing corporation, (ii) an amalgamation of a predecessor corporation of the distributing corporation and one or more corporations controlled by that predecessor corporation, (iii) a reorganization in which a dividend was received to which subsection 55(2) would, but for paragraph 55(3)(b), apply, or (iv) a disposition of property by (A) the distributing corporation, a corporation controlled by it or a predecessor corporation of any such corporation to a corporation controlled by the distributing corporation or a predecessor corporation of the distributing corporation, (B) a corporation controlled by the distributing corporation or by a predecessor corporation of the distributing corporation to the distributing corporation or predecessor corporation, as the case may be, or (C) the distributing corporation, a corporation controlled by it or a predecessor corporation of any such corporation for consideration that consists only of money or indebtedness that is not convertible into other property, or of any combination thereof; (b) the dividend was received as part of a series of transactions or events in which (i) a person or partnership (referred to in this subparagraph as the “vendor”) disposed of property and (A) the property is (I) a share of the capital stock of a distributing corporation that made a distribution as part of the series or of a transferee corporation in relation to the distributing corporation, or (II) property 10% or more of the fair market value of which was, at any time during the course of the series, derived from one or more shares described in subclause 55(3.1)(b)(i)(A)(I), (B) the vendor (other than a qualified person in relation to the distribution) was, at any time during the course of the series, a specified shareholder of the distributing corporation or of the transferee corporation, and (C) the property or any other property (other than property received by the transferee corporation on the distribution) acquired by any person or partnership in substitution therefor was acquired (otherwise than on a permitted acquisition, permitted exchange or permitted redemption in relation to the (distribution) by a person (other than the vendor) who was not related to the vendor or, as part of the series, ceased to be related to the vendor or by a partnership, (ii) control of a distributing corporation that made a distribution as part of the series or of a transferee corporation in relation to the distributing corporation was acquired (otherwise than as a result of a permitted acquisition, permitted exchange or permitted redemption in relation to the (distribution) by any person or group of persons, or (iii) in contemplation of a distribution by a distributing corporation, a share of the capital stock of the distributing corporation was acquired (otherwise than on a permitted acquisition or permitted exchange in relation to the distribution or on an amalgamation of 2 or more predecessor corporations of the distributing corporation) by (A) a transferee corporation in relation to the distributing corporation or by a person or partnership with whom the transferee corporation did not deal at arm’s length from a person to whom the acquiror was not related or from a partnership, (B) a person or any member of a group of persons who acquired control of the distributing corporation as part of the series, (C) a particular partnership any interest in which is held, directly or indirectly through one or more partnerships, by a person referred to in clause 55(3.1)(b)(iii)(B), or (D) a person or partnership with whom a person referred to in clause 55(3.1)(b)(iii)(B) or a particular partnership referred to in clause 55(3.1)(b)(iii)(C) did not deal at arm’s length, (c) the dividend was received by a transferee corporation from a distributing corporation that, immediately after the reorganization in the course of which a distribution was made and the dividend was received, was not related to the transferee corporation and the total of all amounts each of which is the fair market value, at the time of acquisition, of a property that SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses corporation) who was not related to the transferee corporation or, as part of the series, ceased to be related to the transferee corporation or by a partnership, otherwise than (A) as a result of a disposition (i) in the ordinary course of business, or (ii) before the distribution for consideration that consists solely of money or indebtedness that is not convertible into other property, or any combination of the two, (B) on a permitted acquisition in relation to a distribution, or (C) as a result of an amalgamation of 2 or more corporations that were related to each other immediately before the amalgamation, and (ii) is a property (other than money, indebtedness that is not convertible into other property, a share of the capital stock of the transferee corporation and property more than 10% of the fair market value of which is attributable to one or more other such shares) (A) that was received by the transferee corporation on the distribution, (B) more than 10% of the fair market value of which was, at any time after the distribution and before the end of the series, attributable to property (other than money and indebtedness that is not convertible into other property) described in clause 55(3.1)(c)(ii)(A) or 55(3.1)(c)(ii)(C), or (C) to which, at any time during the course of the series, the fair market value of property described in clause 55(3.1)(c)(ii)(A) was wholly or partly attributable is greater than 10% of the fair market value, at the time of the distribution, of all the property (other than money and indebtedness that is not convertible into other property) received by the transferee corporation on the distribution, or (d) the dividend was received by a distributing corporation that, immediately after the reorganization in the course of which a distribution was made and the dividend was received, was not related to the transferee corporation that paid the dividend and the total of all amounts each of which is the fair market value, at the time of acquisition, of a property that (i) was acquired, as part of the series of transactions or events that includes the receipt of the dividend, by a person (other than the distributing corporation) who was not related to the distributing corporation or, as part of the series, ceased to be related to the distributing corporation or by a partnership, otherwise than (A) as a result of a disposition (I) in the ordinary course of business, or (II) before the distribution for consideration that consists solely of money or indebtedness that is not convertible into other property, or of any combination of the two, (B) on a permitted acquisition in relation to a distribution, or (C) as a result of an amalgamation of 2 or more corporations that were related to each other immediately before the amalgamation, and (ii) is a property (other than money, indebtedness that is not convertible into other property, a share of the capital stock of the distributing corporation and property more than 10% of the fair market value of which is attributable to one or more such shares) (A) that was owned by the distributing corporation immediately before the distribution and not disposed of by it on the distribution, (B) more than 10% of the fair market value of which was, at any time after the distribution and before the end of the series, attributable to property (other than money and indebtedness that is not convertible into other property) described in clause 55(3.1)(d)(ii)(A) or 55(3.1)(d)(ii)(C), or (C) to which, at any time during the course of the series, the fair market value of property described in clause 55(3.1)(d)(ii)(A) was wholly or partly attributable is greater than 10% of the fair market value at the time of the distribution, of all the property (other than money and indebtedness that is not convertible into other property) owned immediately before that time by the distributing corporation and not disposed of by it on the distribution. (a) in determining whether the vendor referred to in subparagraph 55(3.1)(b)(i) is at any time a specified shareholder of a transferee corporation or of a distributing corporation, the references in the definition specified shareholder in subsection 248(1) to “taxpayer” shall be read as “person or partnership”; (b) a corporation that is formed by the amalgamation of 2 or more corporations (each of which is referred to in this paragraph as a “predecessor corporation”) shall be deemed to be the same corporation as, and a continuation of, each of the predecessor corporations; (c) subject to paragraph 55(3.2)(d), each particular person who acquired a share of the capital stock of a distributing corporation in contemplation of a distribution by the distributing corporation shall be deemed, in respect of that acquisition, not to be related to the person from whom the particular person acquired the share unless (i) the particular person acquired all the shares of the capital stock of the distributing corporation that were owned, at any time during the course of the series of transactions or events that included the distribution and before the acquisition, by the other person, or (ii) immediately after the reorganization in the course of which the distribution was made, the particular person was related to the distributing corporation; (d) where a share is acquired by an individual from a personal trust in satisfaction of all or a part of the individual’s capital interest in the trust, the individual shall be deemed, in respect of that acquisition, to be related to the trust; (e) subject to paragraph 55(3.2)(f), where at any time a share of the capital stock of a corporation is redeemed or cancelled (otherwise than on an amalgamation where the only consideration received or receivable for the share by the shareholder on the amalgamation is a share of the capital stock of the corporation formed by the amalgamation), the corporation shall be deemed to have acquired the share at that time; (f) where a share of the capital stock of a corporation is redeemed, acquired or cancelled by the corporation pursuant to the exercise of a statutory right of dissent by the holder of the share, the corporation shall be deemed not to have acquired the share; SUBDIVISION C Taxable Capital Gains and Allowable Capital Losses (g) control of a corporation shall be deemed not to have been acquired by a person or group of persons where it is so acquired solely because of (i) the incorporation of the corporation, or (ii) the acquisition by an individual of one or more shares for the sole purpose of qualifying as a director of the corporation; and (h) in relation to a distribution each corporation (other than a qualified person in relation to the distribution) that is a holder and a specified shareholder of the distributing corporation at any time during the course of a series of transactions or events, a part of which includes the distribution made by the distributing corporation, is deemed to be a transferee corporation in relation to the distributing corporation. (3.3) In determining whether a person is a specified shareholder of a corporation for the purposes of subparagraph 55(3.1)(b)(ii) and paragraph 55(3.2)(h), the reference in the definition specified shareholder in subsection 248(1) to “or of any other corporation that is related to the corporation” shall be read as “or of any other corporation that is related to the corporation and that has a significant direct or indirect interest in any issued shares of the capital stock of the corporation”. (3.4) In determining whether a person is a specified shareholder of a corporation for the purposes of the definition qualified person in subsection (1), subparagraph (3.1)(b)(ii) and paragraph (3.2)(h) as it applies for the purpose of subparagraph (3.1)(b)(iii), the reference to “not less than 10% of the issued shares of any class of the capital stock of the corporation” in the definition specified shareholder in subsection 248(1) is to be read as “not less than 10% of the issued shares of any class of the capital stock of the corporation, other than shares of a specified class (within the meaning of subsection 55(1))”. Amalgamation of related corporations (3.5) For the purposes of paragraphs (3.1)(c) and (d), a corporation formed by an amalgamation of two or more corporations (each of which is referred to in this subsection as a “predecessor corporation”) that were related to each other immediately before the amalgamation, is deemed to be the same corporation as, and a continuation of, each of the predecessor corporations.
Malgré les autres dispositions de la présente loi, à l’exception du paragraphe (8), aucune déduction ne peut être faite, dans le calcul du revenu pour une année d’imposition qu’une société ou une fiducie tire d’une entreprise (sauf l’entreprise bancaire canadienne d’une banque étrangère autorisée) ou d’un bien, relativement à la proportion des sommes qui seraient, compte non tenu du présent paragraphe et de l’article 18.2, déductibles dans le calcul de ce revenu au titre d’intérêts payés ou payables par elle sur des dettes impayées envers des non-résidents déterminés que représente le rapport entre : a) d’une part, l’excédent éventuel de la moyenne visée au sous-alinéa (i) sur la somme visée au sous-alinéa (ii) : (i) la moyenne des sommes représentant chacune, pour un mois civil se terminant dans l’année, le montant le plus élevé, à un moment du mois, des dettes impayées envers des non-résidents déterminés de la société ou de la fiducie, (ii) une fois et demie le montant des capitaux propres de la société ou de la fiducie pour l’année; b) d’autre part, la somme déterminée selon le sous-alinéa a)(i) relativement à la société ou à la fiducie pour l’année. Definitions (i) the total of exceeds (C) paid or payable to a person other than a specified non-resident beneficiary of the trust, and exceeds a) soit en échange d’une participation à titre de bénéficiaire de la fiducie; b) soit en échange d’un droit d’acquérir une participation à titre de bénéficiaire de la fiducie; c) soit sans contrepartie par une personne qui a un droit de bénéficiaire sur la fiducie. (equity contribution) bénéfices libérés d’impôt Relativement à une fiducie résidant au Canada pour une année d’imposition, le total des sommes représentées par la différence obtenue au moyen de la formule ci-après relativement à une année d’imposition donnée de la fiducie après l’année en cause : A - B où : A représente le revenu imposable de la fiducie en vertu de la présente partie pour l’année donnée; B le total de l’impôt payable par la fiducie en vertu de la présente partie pour l’année donnée et des impôts retenus sur les revenus payables par elle sous le régime de la partie XIII pour l’année donnée. (tax-paid earnings) bénéficiaire S’entend au sens du paragraphe 108(1). (beneficiary) bénéficiaire déterminé S’agissant du bénéficiaire déterminé d’une fiducie à un moment donné, personne qui, à ce moment, seul ou avec d’autres personnes avec lesquelles elle a un lien de dépendance, a une participation à titre de bénéficiaire de la fiducie dont la juste valeur marchande équivaut à au moins 25 % de la juste valeur marchande de l’ensemble des participations à titre de bénéficiaire de la fiducie. En outre, les règles ci-après s’appliquent lorsqu’il s’agit de déterminer si une personne donnée est un bénéficiaire déterminé d’une fiducie : a) si la personne donnée ou une personne avec laquelle elle a un lien de dépendance, à ce moment, en vertu d’un contrat, en equity ou autrement, un droit, immédiat ou futur, conditionnel ou non, d’acquérir une participation à titre de bénéficiaire de la fiducie ou un droit, immédiat ou futur, conditionnel ou non, d’acquérir une telle participation ou un droit semblable, la personne donnée, dans le cas, est réputée, à ce moment, être propriétaire de la participation; b) si la personne donnée ou une personne avec laquelle elle a un lien de dépendance, à ce moment, en vertu d’un contrat, en equity ou autrement, un droit, immédiat ou futur, conditionnel ou non, d’obliger une (A) a specified non-resident shareholder of the corporation or a specified non-resident beneficiary of the trust, or directly or indirectly fund at the particular time, in whole or in part, a pertinent loan or indebtedness (as defined in subsection 212.3(11)) owing to the corporation or another corporation resident in Canada that does not, at the particular time, deal at arm’s length with the corporation; (dettes impayées envers des non-résidents déterminés) b) de toute somme due au moment donné au titre d’une dette ou autre obligation de verser un montant qui est, selon le cas : (i) une obligation de verser un montant à l’une des personnes suivantes : (A) une compagnie d’assurance non-résidente, dans la mesure où l’obligation constitue, pour l’année d’imposition de cette compagnie qui comprend ce moment, un bien d’assurance désigné quant à une entreprise d’assurance exploitée au Canada par l’intermédiaire d’un établissement stable, au sens prévu par règlement, (B) une banque étrangère autorisée, si elle utilise le bien dont l’obligation à de moment donné se rattache dans son entreprise bancaire canadienne, (ii) une créance visée au sous-alinéa (ii) de l’élément A de la formule figurant à l’alinéa 17.1(1)b), dans la mesure où il est raisonnable de considérer que à ce moment le produit de la créance financée directement ou indirectement, au sens du paragraphe 212.3(11), est utilisé dans, ou se rapporte à, une entreprise exploitée au Canada par l’entité à ce moment, et, à ce moment, un lien de dépendance. (outstanding debts to specified non-residents) droit déterminé Est un droit déterminé à un moment donné relativement à un bien le droit, à ce moment, d’hypothéquer le bien, de le céder, de le donner en nantissement ou de le grever de quelque façon que ce soit afin de garantir le paiement d’une obligation (autre que de la dette ou autre obligation donnée visée à l’alinéa (6)a) ou (6)d)(ii)) ou de l’utiliser, de l’investir, de le vendre ou d’en disposer autrement ou de l’aliéner de quelque façon que ce soit, à moins que soit établi par le contribuable que le produit total (déduction faite des coûts, s’il y en a) qui est, ou qui serait, reçu par suite de l’exercice du droit doit en premier lieu être appliqué en réduction d’une somme visée aux sous-alinéas (6)a)(i) ou (ii). (specified right) garantie Est une garantie relative à un bien tout intérêt ou, pour l’application du droit civil, tout droit sur le bien qui garantit le paiement d’une obligation. (security interest) montant des capitaux propres S’agissant du montant des capitaux propres d’une société ou d’une fiducie pour une année d’imposition : specified non-resident beneficiary, of a trust at any time, means a specified beneficiary of the trust who at that time is a non-resident person; (bénéficiaire non-résident déterminé) specified non-resident shareholder of a corporation at any time means a specified shareholder of the corporation who was at that time a non-resident person or a non-resident-owned investment corporation; (actionnaire non-résident déterminé) specified proportion [Repealed, 2013, c. 34, s. 427] a) dans le cas d’une société résidant au Canada, le total des sommes suivantes : (i) les bénéfices non répartis de la société au début de l’année, sauf dans la mesure où ils comprennent des bénéfices non répartis d’une autre société, (ii) la moyenne des sommes représentant chacune le surplus d’apport de la société (à l’exclusion de toute partie de ce surplus qui a pris naissance soit à un moment où la société était non-résidente, soit dans le cadre d’une disposition à laquelle le paragraphe 212.1(1) s’applique ou un moment, au sens du paragraphe 212.3(10), auquel le paragraphe 212.3(2) s’applique) au début d’un mois civil se terminant dans l’année, dans la mesure où il a été fourni par un actionnaire non-résident déterminé de la société, (iii) la moyenne des sommes représentant chacune le capital versé de la société au début d’un mois civil se terminant dans l’année, à l’exclusion du capital versé au titre des actions d’une catégorie du capital-actions de la société qui, à ce moment, appartiennent à un actionnaire non-résident déterminé de la société; b) dans le cas d’une fiducie résidant au Canada, l’excédent éventuel du total visé au sous-alinéa (i) sur la moyenne visée au sous-alinéa (ii) : (i) le total des sommes suivantes : (A) la moyenne des sommes représentant chacune le total des apports de capitaux propres faits à la fiducie avant un mois civil se terminant dans l’année, dans la mesure où les apports ont été faits par un bénéficiaire non-résident déterminé de la fiducie, (B) les bénéfices libérés d’impôt de la fiducie pour l’année, (ii) la moyenne des sommes représentant chacune le total des sommes payables à un moment donné avant un mois civil se terminant dans l’année, sauf dans la mesure où la somme, selon le cas : (A) est incluse dans le revenu du bénéficiaire pour une année d’imposition par l’effet du paragraphe 104(13), (B) a fait l’objet d’une retenue d’impôt en vertu de la partie XIII par l’effet de l’alinéa 212(1)c). Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this section, where it can reasonably be considered that one of the main purposes of one or more transactions or events was to cause 2 or more persons to be related to each other or to cause a corporation to control another corporation, so that subsection 55(2) would, but for this subsection, not apply to a dividend, those persons shall be deemed not to be related to each other or the corporation shall be deemed not to control the other corporation, as the case may be. Applicable rules
A - B where Specified shareholder or specified beneficiary (5.1) For the purposes of subsections (4) to (6), if (a) a particular person would, but for this subsection, be a specified shareholder of a corporation or a specified beneficiary of a trust at any time, (C) est payée ou est à payer à une personne autre qu’un bénéficiaire non-résident déterminé de la fiducie; c) dans le cas d’une société ou d’une fiducie qui ne réside pas au Canada, y compris celle qui produit une déclaration en vertu de la présente partie conformément au paragraphe 216(1) pour l’année, 40 % de l’excédent éventuel de la moyenne visée au sous-alinéa (i) sur celle visée au sous-alinéa (ii) : (i) la moyenne des sommes représentant chacune le coût d’un bien, sauf une participation à titre de société d’une société de personnes, qui appartient à la société ou à la fiducie au début d’un mois déterminé dans l’année et qui est, selon le cas : (A) utilisé ou détenu par la société ou la fiducie pendant l’année dans le cadre de l’exploitation d’une entreprise au Canada, (B) un droit réel sur un immeuble, ou un intérêt sur un bien réel, situé au Canada ou un intérêt dans une société de personnes qui détient un tel bien, ou pour l’application du droit civil, un droit sur des ressources forestières et des concessions forestières situées au Canada ou un droit sur des droits relatifs à des ressources forestières et des concessions forestières situées au Canada, (ii) la moyenne des sommes représentant chacune le total des sommes impayées, au début d’un mois civil se terminant dans l’année, au titre d’une dette ou d’une autre obligation de payer une somme qui était à payer par la société ou la fiducie, et qui est raisonnable de considérer comme se rapportant à une entreprise qu’elle exploite au Canada ou à un droit ou un intérêt visé à la division (i)(B), à l’exception d’une dette ou d’une obligation qui fait partie des dettes impayées envers des non-résidents déterminés de la société ou de la fiducie. (equity amount) proportion déterminée [Abrogée, 2013, ch. 34, art. 427] Actionnaire déterminé ou bénéficiaire déterminé (5.1) Pour l’application des paragraphes (4) à (6), une personne est réputée ne pas être un actionnaire déterminé d’une société, ou un bénéficiaire déterminé d’une fiducie, à un moment donné si les conditions ci-après sont réunies : a) la personne serait à ce moment, en l’absence du présent paragraphe, un actionnaire déterminé de la société ou un bénéficiaire déterminé de la fiducie; person will cease to be a specified shareholder of the corporation or a specified beneficiary of the trust, and Specified shareholder or specified beneficiary (5.2) For the purposes of subsections (4) to (6), a non-resident corporation is deemed to be a specified shareholder of itself and a non-resident trust is deemed to be a specified beneficiary of itself. b) est en vigueur à ce moment un contrat ou un arrangement qui stipule que, à la réalisation d’une condition ou d’un événement à laquelle il est raisonnable de s’attendre, la personne cessera d’être un actionnaire déterminé de la société ou un bénéficiaire déterminé de la fiducie; c) la raison pour laquelle la personne est devenue un actionnaire déterminé ou un bénéficiaire déterminé est la sauvegarde de ses droits ou des droits d’une personne avec laquelle elle a un lien de dépendance, afférents à tout titre de créance dont elle est créancière, ou d’une personne avec laquelle elle a un lien de dépendance est créancière, à un moment quelconque. Être son propre actionnaire déterminé ou bénéficiaire déterminé (5.2) Pour l’application des paragraphes (4) à (6), une société non-résidente est réputée être son propre actionnaire déterminé et une fiducie non-résidente, son propre bénéficiaire déterminé. Bien utilisé dans une entreprise — attribution du coût (5.3) Les règles ci-après s’appliquent dans le cadre du sous-alinéa c)(i) de la définition de montant de bien à taux propres au paragraphe (5) : a) si un bien est utilisé ou détenu par un contribuable au cours d’une année d’imposition en partie dans le cadre de l’exploitation d’une entreprise au Canada, le coût du bien pour le contribuable est réputé, pour l’année, être égal à la proportion du coût du bien pour lui (déterminé compte non tenu du présent paragraphe) que représente la proportion dans laquelle le bien est utilisé ou détenu au cours de l’année dans le cadre de l’exploitation d’une entreprise au Canada par rapport à l’utilisation ou à la détention totale du bien au cours de l’année; b) si une partie d’un bien de la société de personnes est réputée appartenir à une société ou à une fiducie par l’effet du paragraphe (7) à un moment donné : (i) le coût du bien pour la société ou la fiducie à ce moment est réputé être égal à la même proportion du coût du bien pour la société de personnes que représente la proportion des dettes et autres obligations de payer une somme de la société de personnes qui lui est attribuée en vertu du paragraphe (7) par rapport au total des dettes et autres obligations de payer une somme de la société de personnes, (ii) dans le cas d’une société de personnes qui exploite une entreprise au Canada, la société ou la Rules — trust income fiducie est réputée utiliser ou détenir le bien dans le cadre de l’exploitation d’une entreprise au Canada dans la mesure où la société de personnes l’utilise ou le détient dans ce cadre pour son exercice qui comprend ce moment. Règles — revenu d’une fiducie (5.4) Pour l’application de la présente loi, une fiducie résidant au Canada peut indiquer dans la déclaration de revenu qu’elle produit en vertu de la présente partie pour une année d’imposition que tout ou partie d’une somme payée à une personne non-résidente, au cours de l’année, à titre d’intérêts par la fiducie ou par une société de personnes au cours de l’année est réputée, d’une part, être un revenu de la fiducie qui a été payé à la personne non-résidente en sa qualité de bénéficiaire de la fiducie et, d’autre part, ne pas avoir été payé ou crédité par la fiducie ou la société de personnes à titre d’intérêts, dans la mesure où une somme relative à ces intérêts, selon le cas : a) est incluse dans le calcul du revenu de la fiducie pour l’année en application de l’alinéa 12(1)l.1); b) n’est pas déductible dans le calcul du revenu de la fiducie pour l’année en vertu de paragraphe (4). Prêts adossés
For the purposes of this section, (a) where a dividend referred to in subsection 55(2) was received by a corporation as part of a transaction or event or a series of transactions or events, the portion of a capital gain attributable to any income exempted or realized by a corporation for the safe-income determination time for the transaction, event or series is deemed to be a portion of a capital gain attributable to anything other than income; (b) the income earned or realized by a corporation for any period throughout which it was resident in Canada and not a private corporation shall be deemed to be the total of (i) its income for the period otherwise determined on the assumption that no amounts were deductible by the corporation by reason of section 37.1 of this Act or paragraph 20(1)(gg) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, (ii) the amount, if any, by which (A) the amount, if any, by which the total of the capital gains of the corporation for the period exceeds the total of the taxable capital gains of the corporation for the period (B) the amount, if any, by which the total of the capital losses of the corporation for the period exceeds the total of the allowable capital losses of the corporation for the period, (iii) the total of all amounts each of which is an amount required to have been included under this subparagraph as it read in its application to a taxation year that ended before February 28, 2000, (iv) the amount, if any, by which (A) 1/2 of the total of all amounts each of which is an amount required by paragraph 14(1)(b) to be included in computing the corporation's income in respect of a business carried on by the corporation for a taxation year that is included in the period and that ended after February 27, 2000 and before October 18, 2000, (B) where the corporation has deducted an amount under subsection 20(4.2) in respect of a debt established by it to have become a bad debt in a taxation year that is included in the period and that ended after February 27, 2000 and before October 18, 2000, or has an allowable capital loss for such a year because of the application of subsection 20(4.3), the amount determined by the formula V is 1/2 of the value determined for A under subsection 20(4.2) in respect of the corporation for the last such taxation year that ended in the period, and W is 1/3 of the value determined for B under subsection 20(4.2) in respect of the corporation for the last such taxation year that ended in the period, and (C) in any other case, nil, and (v) the amount, if any, by which (A) the total of all amounts each of which is an amount required by paragraph 14(1)(b) to be included in computing the corporation's income in respect of a business carried on by the corporation for a taxation year that is included in the period and that ends after October 17, 2000, (B) where the corporation has deducted an amount under subsection 20(4.2) in respect of a debt established by it to have become a bad debt in a taxation year that is included in the period and that ends after October 17, 2000, or has an allowable capital loss for such a year because of the application of subsection 20(4.3), the amount determined by the formula X is the value determined for A under subsection 20(4.2) in respect of the corporation for the last such taxation year that ended in the period, and Y is 1/3 of the value determined for B under subsection 20(4.2) in respect of the corporation for the last such taxation year that ended in the period, and (C) in any other case, nil; (c) the income earned or realized by a corporation for a period throughout which it was a private corporation is deemed to be its income for the period otherwise determined on the assumption that no amounts were deductible by the corporation under section 37.1 of this Act, as that section applies for taxation years that ended before 1995, or paragraph 20(1)(gg) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952; (d) the income earned or realized by a corporation (referred to in this paragraph as the “affiliate”) for a period ending at a time when the affiliate was a foreign affiliate of another corporation is deemed to be (i) the amount that would, if the Income Tax Regulations were read without reference to their subsection 5905(5.6), be the tax-free surplus balance (within the meaning of their subsection 5905(5.5)) of the affiliate in respect of the other corporation at that time, and (ii) the fair market value at that time of all the issued and outstanding shares of the capital stock of the affiliate; (e) in determining whether 2 or more persons are related to each other, in determining whether a person is at any time a specified shareholder of a corporation and in determining whether control of a corporation has been acquired by a person or group of persons, (i) a person shall be deemed to be dealing with another person at arm’s length and not to be related to the other person if the person is the brother or sister of the other person, except in the case where the dividend was received or paid, as part of a transaction or event or a series of transactions or events, by a corporation of which a share of the capital stock is a qualified small business corporation share or a share of the capital stock of a family farm or fishing corporation within the meaning of subsection 110.6(1), (ii) where at any time a person is related to each beneficiary (other than a registered charity) under a trust who is or may (otherwise than by reason of the death of another beneficiary under the trust) be entitled to share in the income or capital of the trust, the person and the trust shall be deemed to be related at that time to each other and, for this purpose, a person shall be deemed to be related to himself, herself or itself, (iii) a trust and a person shall be deemed not to be related to each other unless they are deemed by paragraph 55(3.2)(d) or subparagraph 55(5)(e)(ii) to be related to each other or the person is a corporation that is controlled by the trust, and (iv) this Act shall be read without reference to subsection 251(3) and paragraph 251(5)(b); and (f) unless subsection (2.3) applies, if a corporation has received a dividend any portion of which is a taxable dividend (such a portion referred to as the taxable part in this paragraph), as part of a transaction or event or series of transactions or events (i) a portion of the dividend is deemed to be a separate taxable dividend equal to the lesser of (A) the taxable part, and (B) the amount of the income earned or realized by any corporation — after 1971 and before the safe-income determination time for the transaction, event or series — that could reasonably be considered to contribute to the capital gain that could be realized on a disposition at fair market value, immediately before the dividend, of the share on which the dividend is received, and (ii) the amount, if any, by which the taxable part exceeds the portion referred to in subparagraph (i) is deemed to be a separate taxable dividend. Unlisted shares deemed listed
Le paragraphe (6.1) s’applique à un moment donné relativement à un contribuable si les conditions ci-après sont réunies à ce moment : a) une somme donnée est due par le contribuable au titre d’une dette ou autre obligation donnée de payer une somme à une personne (appelée « intermédiaire » au présent paragraphe et au paragraphe (6.1)); b) l’intermédiaire n’est : (i) ni une personne résidant au Canada avec laquelle le contribuable a un lien de dépendance, (ii) ni une personne qui est visée, par rapport au contribuable, au sous-alinéa a)(i) de la définition de dettes impayées envers des non-résidents déterminés au paragraphe (5); c) l’intermédiaire ou une personne avec laquelle il a un lien de dépendance, selon le cas : (i) a une somme due au titre d’une dette ou autre obligation de payer une somme à une personne non-résidente donnée qui est visée, par rapport au contribuable, au sous-alinéa a)(i) de la définition de dettes impayées envers des non-résidents déterminés, au paragraphe (5), qui remplit l’une des conditions ci-après (appelée « dette d’intermédiaire » au présent paragraphe et au paragraphe (6.1)) : (A) il s’agit d’une dette ou autre obligation à l’égard de laquelle le recours est limité en tout ou en partie, dans l’immédiat ou pour l’avenir et conditionnellement ou non, au montant de la dette ou autre obligation donnée, (B) il est raisonnable de conclure que la totalité ou une partie de la somme donnée est devenue à payer, ou qu’il a été permis qu’elle le demeure, pour l’un des motifs suivants : (I) la totalité ou une partie de la dette ou autre obligation donnée a été contractée ou il a été permis qu’elle demeure à payer, (II) l’intermédiaire prévoyait que la totalité ou une partie de la dette ou autre obligation donnée viendrait à payer ou qu’elle le demeurerait, (iii) a un droit déterminé relatif à un bien donné qui a été accordé, directement ou indirectement, par une personne qui, par rapport au contribuable, est une personne non résidente déterminée visée à l’alinéa a)(i) de la définition de dettes impayées envers des non-résidents déterminés au paragraphe (5), et l’un des énoncés ci-après se vérifie : (A) les modalités de la dette ou autre obligation donnée prévoient que le droit déterminé doit exister, (B) il est raisonnable de conclure que la totalité ou une partie de la somme donnée est devenue à payer, ou qu’il a été permis qu’elle le demeure, pour l’un des motifs suivants : (I) le droit déterminé a été accordé, (II) l’intermédiaire prévoyait que le droit déterminé serait accordé; et d) le total des sommes — dont chacune représente, relativement à la dette ou autre obligation donnée, une somme au titre d’une dette d’intermédiaire ou la juste valeur marchande d’un bien donné visé au sous-alinéa c)(ii) — correspond à au moins 25 % du total des sommes suivantes : (i) la somme donnée, (ii) le total des sommes dont chacune représente une somme (sauf la somme donnée) qui est due par le contribuable, ou par une personne avec laquelle (a) then for the purpose of applying subsections (4) and (5), à un lien de dépendance, au titre d’une dette ou autre obligation de payer une somme à l’intermédiaire aux termes de la convention, ou d’une convention rattachée à celle-ci, aux termes de laquelle la dette ou autre obligation donnée a été contractée, dans le cas où, à la fois : (A) l’intermédiaire reçoit, relativement à un bien qui est la dette d’intermédiaire ou le bien donné, une garantie pour le paiement de plusieurs dettes ou autres obligations qui comprennent la dette ou autre obligation ainsi que la dette ou autre obligation donnée, (B) toute garantie pour le paiement d’une dette ou autre obligation mentionnée à la division (A) garantit le paiement de chacune des dettes ou autres obligations mentionnées à cette division. Prêts adossés (6.1) En cas d’application du présent paragraphe à un moment donné relativement à un contribuable, les règles ci-après s’appliquent : a) pour l’application des paragraphes (4) et (5), à la fois : (i) la partie de la somme donnée, à ce moment, visée à l’alinéa (6)a) qui correspond à la moins élevée des sommes ci-après est réputée être une somme due au titre d’une dette ou autre obligation de payer une somme à la personne non-résidente donnée visée aux sous-alinéas (6)c)(i) ou (ii) et non à l’intermédiaire : (A) la somme due au titre de la dette d’intermédiaire ou la juste valeur marchande du bien donné visé au sous-alinéa (6)c)(ii), selon le cas, (B) la proportion de la somme donnée qui représente le rapport entre la somme due ou la juste valeur marchande, selon le cas, et le total des sommes dont chacune représente : (I) soit, une somme due au titre d’une dette d’intermédiaire relative à la dette ou autre obligation donnée, envers la personne non-résidente donnée ou toute autre personne non-résidente qui est visée, par rapport au contribuable, à la définition de dettes impayées envers des non-résidents déterminés au paragraphe (5), (II) soit, la juste valeur marchande d’un bien donné visé au sous-alinéa (6)c)(ii) relativement à la dette ou autre obligation donnée, Income Tax PART I Income Tax DIVISION B Computation of Income
A share (in this subsection referred to as the "reorganization share") is deemed, for the purposes of subsection 116(6) and the definition taxable Canadian property in subsection 248(1), to be listed on a designated stock exchange if (a) a dividend, to which subsection (2) does not apply because of paragraph (3)(b), is received in the course of a reorganization; (b) in contemplation of the reorganization (i) the reorganization share is issued to a taxpayer by a public corporation in exchange for another share of that corporation (in this subsection referred to as the “old share”) owned by the taxpayer, and (ii) the reorganization share is exchanged by the taxpayer for a share of another public corporation (in this subsection referred to as the “new share”) in an exchange that would be a permitted exchange if the definition permitted exchange were read without reference to paragraph (a) and subparagraph (b)(ii) of that definition; (c) immediately before the exchange, the old share (i) is listed on a designated stock exchange, and (ii) is not taxable Canadian property of the taxpayer; and Other Sources of Income Amounts to be included in income for year
A × B/C where (i) the member’s specified proportion for the last fiscal period, if any, of the partnership ending Impôt sur le revenu
(a) any amount received by the taxpayer in the year as, on account or in lieu of payment of, or in satisfaction of, (i) a superannuation or pension benefit including, without limiting the generality of the foregoing, (A) the amount of any pension, supplement or spouse’s or common-law partner’s allowance under the Old Age Security Act and the amount of any similar payment under a law of a province, (B) the amount of any benefit under the Canada Pension Plan or a provincial pension plan as defined in section 3 of that Act, (C.1) the amount of any payment out of or under a foreign retirement arrangement established under the laws of a country, except to the extent that the amount would not, if the taxpayer were resident in the country, be subject to income taxation in the country, but not including (D) the portion of a benefit received out of or under an employee benefit plan that is required by paragraph 6(1)(g) to be included in computing the taxpayer’s income for the year, or would be required to be so included if that paragraph were read without reference to subparagraph 6(1)(g)(ii), (E) the portion of an amount received out of or under a retirement compensation arrangement that is required by paragraph 56(1)(x) or 56(1)(z) to be included in computing the taxpayer’s income for the year, (F) a benefit received under section 71 of the Canada Pension Plan or under a similar provision of a provincial pension plan as defined in section 3 of that Act, and (G) an amount received out of or under a registered pension plan as a return of all or a portion of a contribution to the plan to the extent that the amount (I) is a payment made to the taxpayer under subsection 147.1(19) or subparagraph 8502(d)(iii) of the Income Tax Regulations, and (II) is not deducted in computing the taxpayer’s income for the year or a preceding taxation year, (ii) a retiring allowance, other than an amount received out of or under an employee benefit plan, a retirement compensation arrangement or a salary deferral arrangement, (iv) a benefit under Part I, VII.1, VIII or VIII.1 of the Employment Insurance Act, (v) a benefit under regulations made under an appropriation Act providing for a scheme of transitional assistance benefits to persons employed in the production of products to which the Canada-United States Agreement on Automotive Products, signed on January 16, 1965 applies, (vi) except to the extent otherwise required to be included in computing the taxpayer’s income, a prescribed benefit under a government assistance program, (viii) an income replacement benefit payable to the taxpayer under Part 2 of the Veterans Well-being Act, if the amount is determined under subsection 19.1(1), paragraph 23(1)(b) or subsection 26.1(1) of the Act (as modified, where applicable, under Part 5 of that Act); Benefits under CPP/QPP (a.1) where the taxpayer is an estate that arose on or as a consequence of the death of an individual, each benefit received under section 71 of the Canada Pension Plan, or under a similar provision of a provincial pension plan as defined in section 3 of that Act, after July 1997 and in the year in respect of the death of the individual; Pension income reallocation (a.2) where the taxpayer is a pension transferee (as defined in subsection 60.03(1)), any amount that is a split-pension amount (as defined in that subsection) in respect of the pension transferee for the taxation year; (a.3) amounts received by the taxpayer in the year under a program established under the authority of the Department of Employment and Social Development Act in respect of children who are deceased or missing as a result of an offence, or a probable offence, under the Criminal Code; Support (b) the total of all amounts each of which is an amount determined by the formula is the total of all amounts each of which is a support amount received after 1996 and before the end of the year by the taxpayer from a particular person where the taxpayer and the particular person were living separate and apart at the time the amount was received, is the total of all amounts each of which is a child support amount that became receivable by the taxpayer from the particular person under an agreement or order on or after its commencement day and before the end of the year in respect of a period that began on or after its commencement day, and is the total of all amounts each of which is a support amount received after 1996 by the taxpayer from the particular person and included in the taxpayer’s income for a preceding taxation year; Reimbursement of support payments (c.2) an amount received by the taxpayer in the year under a decree, order or judgment of a competent tribunal as a reimbursement of an amount deducted under paragraph 60(b) or 60(c), or under paragraph 60(c.1) as it applies, in computing the taxpayer’s income for the year or a preceding taxation year to decrees, orders and judgments made before 1993; Annuity payments (d) any amount received by the taxpayer in the year as an annuity payment other than an amount (i) otherwise required to be included in computing the taxpayer’s income for the year, (ii) with respect to an interest in an annuity contract to which subsection 12.2(1) applies (or would apply if the contract had an anniversary day in the year at a time when the taxpayer held the interest), (iii) received out of or under an annuity contract issued or effected as a TFSA, or (iv) described in subsection 146.5(3) that is not required by that subsection to be included in the taxpayer’s income; (d.2) any amount received out of or under, or as proceeds of disposition of, an annuity the payment for which was (i) deductible in computing the taxpayer's income because of paragraph 60(j) or because of subsection 146(5.5) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, (ii) made in circumstances to which subsection 146(21) applied, or (iii) made pursuant to or under a deferred profit sharing plan by a trustee under the plan to purchase the annuity for a beneficiary under the plan; (e) any amount received by the taxpayer in the year as, on account or in lieu of payment of, or in satisfaction of, proceeds of the surrender, cancellation, redemption, sale or other disposition of an income-averaging annuity contract; (f) any amount deemed by subsection 61.1(1) to have been received by the taxpayer in the year as proceeds of the disposition of an income-averaging annuity contract; (g) amounts received by the taxpayer in the year from a trustee under a supplementary unemployment benefit plan as provided by section 145; (h) amounts required by section 146 in respect of a registered retirement savings plan or a registered retirement income fund to be included in computing the taxpayer's income for the year; Home buyers’ plan (h.1) amounts required by section 146.01 to be included in computing the taxpayer's income for the year; (h.2) amounts required by section 146.02 to be included in computing the taxpayer's income for the year; Deferred profit sharing plan (i) amounts received by the taxpayer in the year under a deferred profit sharing plan as provided by section 147; Life insurance policy proceeds (j) any amount required by subsection 148(1) or 148(1.1) to be included in computing the taxpayer's income for the year; (k) all amounts received in the year by a person or partnership (in this paragraph referred to as the “vendor”) as consideration for the disposition by the vendor of a property the cost of which was included in computing an amount under paragraph 8(1)(r) or (s) in respect of the vendor or in respect of a person with whom the vendor does not deal at arm’s length, to the extent that the total of those amounts received in respect of the disposition in the year and in preceding taxation years exceeds the total of the cost to the vendor of the property immediately before the disposition and all amounts included in respect of the disposition under this paragraph in computing the vendor’s income for a preceding taxation year, unless the property was acquired by the vendor in circumstances to which subsection 85(5.1) or subsection 97(5) applied; Legal expenses (l) legal costs awarded to the taxpayer by a court on an appeal in relation to an assessment of any tax, interest or penalties referred to in paragraph 60(o), (ii) reimbursement of costs incurred in relation to a decision of the Canada Employment Insurance Commission under the Employment Insurance Act or to an appeal of such a decision to the Social Security Tribunal, (iii) reimbursement of costs incurred in relation to an assessment or a decision under the Canada Pension Plan or a provincial pension plan as defined in section 3 of that Act, if with respect to that assessment or decision, as the case may be, an amount has been deducted or may be deductible under paragraph 60(o) in computing the taxpayer’s income; (l.1) amounts received by the taxpayer in the year as an award or a reimbursement in respect of legal expenses (other than those relating to a division or settlement of property arising out of, or on a breakdown of, a marriage or common-law partnership) paid to collect or establish a right to a retiring allowance or a benefit under a pension fund or plan (other than a benefit under the Canada Pension Plan or a provincial pension plan as defined in section 3 of that Act) in respect of employment; Bad debt recovered (m) any amount received by the taxpayer, or by a person who does not deal at arm’s length with the taxpayer, in the year on account of a debt in respect of which a deduction was made under paragraph 60(f) in computing the taxpayer’s income for a preceding taxation year; Scholarships, bursaries, etc. (n) the amount, if any, by which (i) the total of all amounts (other than amounts described in paragraph 56(1)(q), amounts received in the course of business, and amounts received in respect of, in the course of or by virtue of an office or employment) received by the taxpayer in the year, each of which is an amount received by the taxpayer as or on account of a scholarship, fellowship or bursary, or a prize for achievement in a field of endeavour ordinarily carried on by the taxpayer, other than a prescribed prize, (ii) the taxpayer’s scholarship exemption for the year computed under subsection (3); (n.1) the total of all amounts, each of which is an amount received by the taxpayer in the year under the Apprenticeship Incentive Grant program or the Apprenticeship Completion Grant program administered by the Department of Employment and Social Development; (o) the amount, if any, by which any grant received by the taxpayer in the year to enable the taxpayer to carry on research or any similar work exceeds the total of expenses incurred by the taxpayer in the year for the purpose of carrying on the work, other than (i) personal or living expenses of the taxpayer except travel expenses (including the entire amount expended for meals and lodging) incurred by the taxpayer while away from home in the course of carrying on the work, (ii) expenses in respect of which the taxpayer has been reimbursed, or (iii) expenses that are otherwise deductible in computing the taxpayer’s income for the year; Refund of scholarships, bursaries and research grants (p) amounts as described in paragraph 60(c) received by the taxpayer in the year from an individual; Education savings plan payments (q) amounts in respect of a registered education savings plan required by section 146.1 to be included in computing the taxpayer’s income for the year; Registered disability savings plan payments (q.1) amounts in respect of a registered disability savings plan required by section 146.4 to be included in computing the taxpayer’s income for the year; (r) amounts received in the year by the taxpayer as (i) earnings supplements provided under a project sponsored by a government or government agency in Canada to encourage individuals to obtain or keep employment, (ii) financial assistance under a program established by the Canada Employment Insurance Commission under Part II of the Employment Insurance Act, (iii) financial assistance under a program that is (A) established by a government or government agency in Canada or by an organization, and (C) the subject of an agreement between the government, government agency or organization and the Canada Employment Insurance Commission because of section 63 of that Act, (iv) financial assistance provided under a program established by a government, or government agency, in Canada that provides income replacement benefits similar to income replacement benefits provided under a program established under the Employment Insurance Act, other than amounts referred to in subparagraph (iv.1), (iv.1) financial assistance provided under (A) the Canada Emergency Response Benefit Act, (B) Part VIII.4 of the Employment Insurance Act, (C) the Canada Emergency Student Benefit Act, (D) the Canada Recovery Benefits Act, (E) a program established by a government, or government agency, of a province, that provides income replacement benefits similar to income replacement benefits provided under a program established under an Act referred to in any of clauses (A) to (D), or (v) amounts received by the taxpayer in the year under the Wage Earner Protection Program Act in respect of wages (within the meaning of that Act); Grants under prescribed programs (s) the amount of any grant received in the year under a prescribed program of the Government of Canada relating to home insulation or energy conversion by (i) the taxpayer, other than a married taxpayer or a taxpayer who is in a common-law partnership who resided with the taxpayer’s spouse or common-law partner at the time the grant was received and whose income for the year is less than the taxpayer’s spouse’s or common-law partner’s income for the year, or (ii) the spouse or common-law partner of the taxpayer with whom the taxpayer resided at the time the grant was received, if the spouse’s or common-law partner’s income for the year is less than the taxpayer’s income for the year to the extent that the amount is not required by paragraph 12(1)(u) to be included in computing the taxpayer’s or the taxpayer’s spouse’s or common-law partner’s income for the year or a subsequent year; Registered retirement income (t) amounts in respect of a registered retirement income fund required by section 146.3 to be included in computing the taxpayer’s income for the year; Social assistance payments (u) a social assistance payment made on the basis of a means, needs or income test and received in the year by (i) the taxpayer, other than a married taxpayer or a taxpayer who is in a common-law partnership who resided with the taxpayer’s spouse or common-law partner at the time the payment was received and whose income for the year is less than the spouse’s or common-law partner’s income for the year, or (ii) the taxpayer’s spouse or common-law partner, if the taxpayer resided with the spouse or common-law partner at the time the payment was received and if the spouse’s or common-law partner’s income for the year is less than the taxpayer’s income for the year, except to the extent that the payment is otherwise required to be included in computing the income for a taxation year of the taxpayer or the taxpayer’s spouse or common-law partner; (v) compensation received under an employees’ or workers’ compensation law of Canada or a province in respect of an injury, a disability or death; Salary deferral arrangement (w) the total of all amounts each of which is an amount received by the taxpayer as a benefit (other than an amount received by or from a trust governed by a salary deferral arrangement) in the year out of or under a salary deferral arrangement in respect of a person other than the taxpayer except to the extent that the amount, or another amount that may reasonably be considered to relate thereto, has been included in computing the income of that other person for the year or for any preceding taxation year; Retirement compensation arrangement (x) any amount, including a return of contributions, received in the year by the taxpayer or another person, other than an amount required to be included in that other person’s income for a taxation year under paragraph 12(1)(n.3), out of or under a retirement compensation arrangement that can reasonably be considered to have been received in respect of an office or employment of the taxpayer; (y) any amount received or that became receivable in the year by the taxpayer as proceeds from the disposition of an interest in a retirement compensation arrangement; (z) the total of all amounts, including a return of contributions, each of which is an amount received in the year by the taxpayer out of or under a retirement compensation arrangement that can reasonably be considered to have been received in respect of an office or employment of a person other than the taxpayer, except to the extent that the amount was required (i) under paragraph 12(1)(n.3) to be included in computing the taxpayer’s income for a taxation year, or (ii) under paragraph 56(1)(x) or subsection 70(2) to be included in computing the income for the year of a person resident in Canada other than the taxpayer; (z.1) the value of benefits received or enjoyed by any person in the year in respect of workshops, seminars, training programs and similar development programs because of the taxpayer’s membership in a registered national arts service organization; Employee life and health trust (z.2) the total of all amounts, each of which is an amount received in the year by the taxpayer that is required to be included in income under subsection 144.1(11) except to the extent that the amount was required under subsection 70(2) to be included in computing the income for the year by the taxpayer or other person resident in Canada; Pooled registered pension plan (z.3) any amount required by section 147.5 to be included in computing the taxpayer’s income for the year other than an amount distributed under a PRPP as a return of all or a portion of a contribution to the plan to the extent that the amount (i) is a payment described under clause 147.5(3)(d)(ii)(A) or (B), and (ii) is not deducted in computing the taxpayer’s income for the year or a preceding taxation year; Tax informant program (z.4) any amount received in the year by the taxpayer under a contract, to provide information to the Canada Revenue Agency, entered into by the taxpayer under a program administered by the Canada Revenue Agency to obtain information relating to tax non-compliance; (z.5) any amount required by section 146.5 to be included in computing the taxpayer’s income for the year; and (z.6) any amount required by section 146.6 to be included in computing the taxpayer’s income for the year. CELIAPP Indirect payments
A payment or transfer of property made pursuant to the direction of, or with the concurrence of, a taxpayer to another person for the benefit of the taxpayer or as a benefit that the taxpayer desired to have conferred on the other person (other than by an assignment of any portion of a retirement pension under section 65.1 of the Canada Pension Plan or a comparable provision of a provincial pension plan as defined in section 3 of that Act) shall be included in computing the taxpayer’s income to the extent that it would be if the payment or transfer had been made to the taxpayer. Exemption for scholarships, fellowships, bursaries and prizes
For the purpose of subparagraph (1)(n)(ii), a taxpayer’s scholarship exemption for a taxation year is the total of (a) the total of all amounts each of which is the amount included under subparagraph (1)(n)(i) in computing the taxpayer’s income for the taxation year in respect of a scholarship, fellowship or bursary received in connection with the taxpayer’s enrolment (i) in an educational program in respect of which the taxpayer is a qualifying student (as defined in subsection 118.6(1)) in the taxation year, in the immediately preceding taxation year or in the following taxation year, or (ii) in an elementary or secondary school educational program, (b) the total of all amounts each of which is the lesser of (i) the amount included under subparagraph (1)(n)(i) in computing the taxpayer’s income for the taxation year in respect of a scholarship, fellowship, bursary or prize that is to be used by the taxpayer in the production of a literary, dramatic, musical or artistic work, and (ii) the total of all amounts each of which is an expense incurred by the taxpayer in the taxation year for the purpose of fulfilling the conditions under which the amount described in subparagraph (i) was received, other than (A) personal or living expenses of the taxpayer (except expenses in respect of travel, meals and lodging incurred by the taxpayer in the course of fulfilling those conditions and while absent from the taxpayer’s usual place of residence for the period to which the scholarship, fellowship, bursary or prize, as the case may be, relates), (B) expenses for which the taxpayer is entitled to be reimbursed, and (C) expenses that are otherwise deductible in computing the taxpayer’s income, and (c) the lesser of $500 and the amount by which the total described in subparagraph (1)(n)(i) for the taxation year exceeds the total of the amounts determined under paragraphs (a) and (b). (3.1) For the purpose of determining the total in paragraph (3)(a) for a taxation year, (a) a scholarship, fellowship or bursary (in this subsection referred to as an “award”) is not considered to be received in connection with the taxpayer's enrolment in an educational program described in subparagraph (3)(a)(i) except to the extent that it is reasonable to conclude that the award is intended to support the taxpayer's enrolment in the program, having regard to all the circumstances, including the terms and conditions that apply in respect of the award, the duration of the program and the period for which support is intended to be provided; and (b) if an award is received in connection with an educational program in respect of which the taxpayer is a qualifying student because of subparagraph (a)(ii) of the definition qualifying student in subsection 118.6(1) in the taxation year, in the immediately preceding taxation year or in the following taxation year (in this paragraph referred to as the claim year), the amount included under subparagraph (1)(n)(i) in computing the taxpayer's income for the taxation year in respect of the award may not exceed the amount that is the total of amounts, each of which is the cost of materials related to the program or a fee paid to a designated educational institution in respect of the program, as defined in subsection 118.6(1), in respect of the claim year. Transfer of rights to income
Where a taxpayer has, at any time before the end of a taxation year, transferred or assigned to a person with whom the taxpayer was not dealing at arm's length the right to an amount (other than any portion of a retirement pension assigned by the taxpayer under section 65.1 of the Canada Pension Plan or a comparable provision of a provincial pension plan as defined in section 3 of that Act) that would, if the right had not been so transferred or assigned, be included in computing the taxpayer's income for the taxation year, the part of the amount that relates to the period in the year throughout which the taxpayer is resident in Canada shall be included in computing the taxpayer's income for the year unless the income is from property and the taxpayer has also transferred or assigned the property. Interest free or low interest loans (a) a particular individual (other than a trust) or a trust in which the particular individual is beneficially interested has, directly or indirectly by means of a trust or by any means whatever, received a loan from or become indebted to (i) another individual (in this subsection referred to as the "creditor") who (A) does not deal at arm’s length with the particular individual, and (B) is not a trust, or (ii) a trust (in this subsection referred to as the “creditor trust”) to which another individual (in this subsection referred to as the “original transferor”) who (A) does not deal at arm’s length with the particular individual, (B) was resident in Canada at any time in the period during which the loan or indebtedness is outstanding, and (C) is not a trust, has directly or indirectly by means of a trust or by any means whatever, transferred property, and (b) it can reasonably be considered that one of the main reasons for making the loan or incurring the indebtedness was to reduce or avoid tax by causing income from (i) the loaned property, (ii) property that the loan or indebtedness enabled or assisted the particular individual, or the trust in which the particular individual is beneficially interested, to acquire, or to be included in the income of the particular individual, the following rules apply: (c) any income of the particular individual for a taxation year from the property referred to in paragraph 56(4.1)(b) that relates to the period or periods in the year throughout which the creditor or the creditor trust, as the case may be, was resident in Canada and the particular individual was not dealing at arm’s length with the creditor or the original transferor, as the case may be, shall be deemed, (i) where subparagraph 56(4.1)(a)(i) applies, to be income of the creditor for that year and not of the particular individual except to the extent that (A) section 74.1 applies or would, but for subsection 74.5(3), apply, or to that income, and (ii) where subparagraph 56(4.1)(a)(ii) applies, to be income of the creditor trust for that year and not of the particular individual except to the extent that (B) section 74.1 applies or would, but for subsection 74.5(3), apply, or to that income; and (4.2) Notwithstanding any other provision of this Act, subsection 56(4.1) does not apply to any income derived in a particular taxation year where (a) interest was charged on the loan or indebtedness at a rate equal to or greater than the lesser of (i) the prescribed rate of interest in effect at the time the loan was made or the indebtedness arose, and (ii) the rate that would, having regard to all the circumstances, have been agreed on, at the time the loan was made or the indebtedness arose, between parties dealing with each other at arm’s length; (b) the amount of interest that was payable in respect of the particular year in respect of the loan or indebtedness was paid not later than 30 days after the end of the particular year; and (c) the amount of interest that was payable in respect of each taxation year preceding the particular year in respect of the loan or indebtedness was paid not later than 30 days after the end of each of those preceding taxation years. Repayment of existing indebtedness (4.3) For the purposes of subsection 56(4.1), where at any time a particular property is used to repay, in whole or in part, a loan or indebtedness that enabled or assisted an individual to acquire another property, there shall be included in computing the income from the particular property that proportion of the income or loss, as the case may be, derived after that time from the other property or from property substituted therefor that the amount so repaid is of the cost to the individual of the other property, but for greater certainty nothing in this subsection shall affect the application of subsection 56(4.1) to any income or loss derived from the other property or from property substituted therefor. Exception for split income
(ii) la partie des intérêts payés ou à payer par le contribuable, relativement à une période tout au long de laquelle le sous-alinéa a)(i) s’applique, sur la dette ou autre obligation donnée visée à l’alinéa (6)a), qui correspond à la somme obtenue par la formule ci-après est réputée être payée ou à payer par le contribuable à la personne non-résidente donnée, et non à l’intermédiaire, au titre des intérêts pour la période sur la somme qui est réputée, en vertu du sous-alinéa a)(i), être due à la personne non-résidente donnée : A × B/C où : A représente les intérêts payés ou à payer, B la moyenne des sommes dont chacune représente une somme qui est réputée, en vertu du sous-alinéa a)(i), être due à la personne non-résidente donnée à un moment de la période, C la moyenne des sommes dont chacune représente la somme due à un moment de la période; b) pour l’application de la partie XIII et sous réserve des paragraphes 214(16) et (17), les intérêts réputés, en vertu du sous-alinéa a)(ii), être payés ou à payer à la personne non-résidente donnée pour une période sont réputés, dans la mesure où ils ne sont pas déductibles dans le calcul du revenu du contribuable pour l’année par l’effet du paragraphe 18(4), être payés ou à payer par le contribuable à la personne non-résidente donnée, et non à l’intermédiaire, pour la période. Dettes et biens de sociétés de personnes
Subsections (2), (4) and (4.1) do not apply to any amount that is included in computing a specified individual's split income for a taxation year.
Pour l’application du présent paragraphe, de l’alinéa (4)a), des paragraphes (5) à (6.1) et de l’alinéa 12(1)l.1), chacun des associés d’une société de personnes à un moment quelconque est réputé à ce moment, à la fois : a) être débiteur de la partie (appelée « montant de la dette » au présent paragraphe et à l’alinéa 12(1)l.1)) de chaque dette ou obligation de payer une somme de la société de personnes, et être propriétaire de la partie de chaque bien de la société de personnes, qui correspond à celle des proportions ci-après qui est applicable : (i) la proportion déterminée de l’associé pour le dernier exercice de la société de personnes se terminant, à la fois : Exception — foreign accrual property income (A) à la fin de l’année d’imposition visée au paragraphe (4) ou antérieurement, (B) à un moment où l’associé est un associé de la société de personnes, (ii) si l’associé n’a pas de proportion déterminée visée au sous-alinéa (i), la proportion que représente le rapport entre la somme visée à la division (A) et celle visée à la division (B) : (A) la juste valeur marchande de la participation de l’associé dans la société de personnes à ce moment, (B) la juste valeur marchande de l’ensemble des participations dans la société de personnes à ce moment; b) être débiteur du montant de dette envers la personne envers laquelle la société de personnes est débitrice de la dette ou de l’autre obligation de payer une somme; c) avoir payé sur le montant de dette des intérêts qui sont déductibles dans le calcul de son revenu dans la mesure où un montant relatif aux intérêts payés ou payables sur le montant de dette par la société de personnes est déductible dans le calcul du revenu de celle-ci. Exception — revenu étranger accumulé, tiré de biens
There shall be included in computing the income of a taxpayer for a taxation year the total of all amounts each of which is a benefit paid under section 4 of the Universal Child Care Benefit Act that is received in the taxation year by (i) the taxpayer does not have a cohabiting spouse or common-law partner (within the meaning assigned by section 122.6) at the end of the year and the taxpayer does not make a designation under subsection (6.1) for the taxation year, or (ii) the income, for the taxation year, of the person who is the taxpayer’s cohabiting spouse or common-law partner at the end of the taxation year is equal to or greater than the income of the taxpayer for the taxation year; (b) the taxpayer’s cohabiting spouse or common-law partner at the end of the taxation year, if the income of the cohabiting spouse or common-law partner for the taxation year is greater than the taxpayer’s income for the taxation year; or (c) an individual who makes a designation under subsection (6.1) in respect of the taxpayer for the taxation year. Designation (6.1) If, at the end of the taxation year, a taxpayer does not have a cohabiting spouse or common-law partner (within the meaning assigned by section 122.6), the taxpayer may designate, in the taxpayer’s return of income for the taxation year, the total of all amounts, each of which is a benefit received in the taxation year by the taxpayer under section 4 of the Universal Child Care Benefit Act, to be income of (a) if the taxpayer deducts an amount for the taxation year under subsection 118(1) because of paragraph (b) of the description of B in that subsection in respect of an individual, the individual; or (b) in any other case, a child who is a qualified dependent (as defined in section 2 of the Universal Child Care Benefit Act) of the taxpayer. CPP/QPP and UCCB amounts for previous years (i) are received by an individual (other than a trust) in a taxation year as, on account of, in lieu of payment of or in satisfaction of, any benefit under the Canada Pension Plan or a provincial pension plan as defined in section 3 of that Act, or (ii) would be, but for this subsection, included in computing the income of an individual for a taxation year under subsection (6), and (b) a portion, not less than $300, of the total of those amounts relates to one or more preceding taxation years, that portion shall, at the option of the individual, not be included in the individual’s income. Meaning of income for the year
Toute somme relative à des intérêts payés ou à payer à une société étrangère affiliée contrôlée d’une société résidant au Canada qui ne serait pas déductible par ailleurs par celle-ci pour une année d’imposition par l’effet du paragraphe (4) peut être déduite dans la mesure où un montant inclus en application du paragraphe 91(1) dans le calcul du revenu de la société pour l’année ou pour une année postérieure se rapporte aux intérêts. Limitation des dépenses payées d’avance
For the purposes of paragraphs 56(1)(s) and 56(1)(u), income for the year of a person means the amount that would, but for those paragraphs, paragraphs 60(v.1) and 60(w) and section 63, be the income of that person for the year. (9.1) For the purposes of subsection (6), income of a person for a taxation year means the amount that would, in the absence of that subsection, paragraphs (1)(s) and (u) and 60(v.1), 60(w) and section 63, be the income of the person for the taxation year. Severability of retirement compensation arrangement
Malgré les autres dispositions de la présente loi : a) dans le calcul du revenu d’un contribuable pour une année d’imposition tiré d’une entreprise ou d’un bien (à l’exclusion du revenu tiré d’une entreprise calculé selon la méthode autorisée par le paragraphe 28(1)), il n’est accordé aucune déduction au titre d’une dépense dans la mesure où il est raisonnable de la considérer comme engagée ou effectuée, le cas : (i) en contrepartie de services à rendre après la fin de l’année, (ii) à titre ou en paiement intégral ou partiel d’intérêts, d’impôts ou de taxes (à l’exclusion des taxes imposées aux assureurs sur les primes prévues par une police d’assurance contre les accidents et la maladie non résiliable ou à renouvellement garanti ou par une police d’assurance-vie autre qu’une police d’assurance-vie collective temporaire d’une durée maximale de douze mois), de loyer ou de redevances visant une période postérieure à la fin de l’année, (iii) en contrepartie d’assurance visant une période postérieure à la fin de l’année, mais non : (A) en contrepartie de réassurance, dans le cas où le contribuable est un assureur, (B) en contrepartie d’assurance sur la tête d’un particulier aux termes d’une police d’assurance-vie collective temporaire, dans le cas où tout ou partie de la contrepartie se rapporte à de l’assurance qui vise ou qui viserait, si le particulier vivait, une période qui prend fin plus de treize mois après le paiement de la contrepartie, (iv) sous réserve de la division (iii)(B) et des paragraphes 144.1(4) à (7), en contrepartie d’un avantage désigné, au sens du paragraphe 144.1(1), à verser après la fin de l’année, sauf si la contrepartie est payable au cours de l’année, à une société autorisée à offrir de l’assurance, pour de l’assurance relative à l’année); b) la fraction de chaque débours ou effectuée (sauf celle d’une société, d’une société de personnes ou d’une fiducie au titre ou en règlement total ou partiel d’intérêts) qui, sans l’alinéa a), serait déductible dans le calcul du revenu d’un contribuable pour une année d’imposition est déductible dans le calcul de son revenu pour l’année postérieure à laquelle il est raisonnable de considérer qu’elle se rapporte; c) pour l’application de l’article 37.1, la fraction de chaque dépense admissible (au sens du paragraphe 37.1(5)) effectuée par un contribuable au cours d’une année d’imposition et qui, sans l’alinéa a), aurait été déductible dans le calcul du revenu de la société pour l’année est réputée : (i) ne pas être une dépense admissible effectuée par le contribuable au cours de l’année, (ii) être une dépense admissible effectuée par le contribuable au cours de l’année postérieure à laquelle il est raisonnable de considérer qu’elle se rapporte; (f) [Repealed, 2017, c. 20, s. 3] (9.01) Where A - B and A × C/365 where (A × C)/365 where Application of subsection (9) to insurers b) pour le calcul du revenu du contribuable provenant de l’entreprise ou du bien pour l’année, le paiement est réputé avoir été payé ou payable par le contribuable au cours de l’année à titre d’intérêts en conformité avec une obligation légale de payer : (i) dans le cas d’une réduction, des intérêts sur la créance, (ii) dans le cas d’un remboursement : (A) si le remboursement s’applique à tout ou partie du principal de la créance qui était de l’argent emprunté, sauf dans la mesure où le contribuable a utilisé cet argent emprunté pour acquérir un bien, des intérêts sur de l’argent emprunté et utilisé au cours de l’année aux fins auxquelles l’argent emprunté et remboursé a été utilisé, (B) si le remboursement s’applique à tout ou partie du principal de la créance qui était soit de l’argent emprunté et utilisé pour acquérir un bien, soit un montant payable pour un bien acquis par le contribuable, des intérêts sur la créance dans la mesure où le contribuable ou un bien de remplacement est utilisé au cours de l’année en vue de tirer un revenu de ce bien ou de tirer un revenu d’une entreprise. Toutefois le présent paragraphe ne s’applique ni à un paiement qu’il est raisonnable de considérer comme fait relativement au report d’échéance d’une créance, au remplacement d’une créance par une autre créance ou par une action ou encore à la conversion d’une créance en une autre créance ou en une action, ni à un paiement qui est conditionnel à l’utilisation de ce qui dépend de la production en provenance d’un autre qui est calculé en fonction des bénéfices, de la marge d’autofinancement, du prix des marchandises ou d’un critère semblable ou en fonction des dividendes versés ou payables aux actionnaires d’une catégorie d’actions du capital-actions d’une société. Intérêts sur créances (9.2) Pour l’application de la présente partie, les intérêts payables sur de l’argent emprunté ou sur un montant payable pour un bien (appelé « créance » au présent paragraphe et aux paragraphes (9.3) à (9.8)) par une société de personnes ou une fiducie (appelée « emprunteur » au présent paragraphe et aux paragraphes (9.3) à (9.7)) pour une année d’imposition sont réputés, exceeds exceeds malgré le sous-alinéa (9.1)b)(i), corresponde au moins élevé des montants suivants : a) les intérêts, ne dépassant pas un montant raisonnable, que l’emprunteur aurait eu à payer sur la créance pour l’année si aucun montant n’avait été payé avant la fin de l’année en exécution de l’obligation de payer des intérêts sur la créance pour l’année et si le montant impayé à chaque moment donné de l’année, postérieure à 1991, au titre du principal de la créance correspondait à l’excédent éventuel de ce montant impayé sur le total des montants suivants : (i) le total des montants représentant chacun un montant payé avant le moment donné en exécution de tout ou partie de l’obligation de payer des intérêts sur la créance pour une période, ou une partie de période, qui est postérieure, à la fois, à 1991, au début de l’année et au moment où le montant a ainsi payé (sauf une période, ou une partie de période, qui fait partie de l’année, si aucun semblable montant n’a été payé avant le moment donné pour une période, ou une partie de période, qui est postérieure à la fin de l’année), (ii) l’excédent éventuel du total visé à la division (A) sur le total visé à la division (B) : (A) le total des montants des intérêts payables sur la créance, déterminés compte non tenu du présent paragraphe, par l’emprunteur pour les années d’imposition se terminant après 1991 et avant l’année, dans la mesure où ces intérêts ne dépassent pas un montant raisonnable, (B) le total des montants des intérêts réputés, par le présent paragraphe, payables sur la créance par l’emprunteur pour les années d’imposition se terminant avant l’année; b) l’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le total des montants des intérêts payables sur la créance, déterminés compte non tenu du présent paragraphe, par l’emprunteur pour l’année ou pour les années d’imposition se terminant après 1991 et avant l’année, dans la mesure où ces intérêts ne dépassent pas un montant raisonnable, (ii) le total des montants des intérêts réputés, par le présent paragraphe, payables sur la créance par l’emprunteur pour les années d’imposition se terminant avant l’année. exceeds exceeds --- Intérêts sur créances (9.3) Lorsque, à un moment de l’année d’imposition d’un emprunteur, une créance dont celui-ci est débiteur est réglée ou éteinte ou le détenteur de la créance acquiert ou acquiert de nouveau un bien de l’emprunteur dans les circonstances visées à l’article 79 relativement à la créance et que, à ce moment, le total des montants visés aux alinéas a) et b): a) le total des montants représentant chacun un montant payé à ce moment ou antérieurement en exécution de tout ou partie de l’obligation de payer des intérêts sur la créance pour une période, ou une partie de période, qui est postérieure à ce moment, b) le total des montants des intérêts payables sur la créance, déterminés compte non tenu du paragraphe (9.2), par l’emprunteur pour les années d’imposition se terminant après 1991 et avant ce moment, ou pour des périodes, ou parties de périodes, qui font partie de ces années et sont antérieures à ce moment, dans la mesure où ces intérêts ne dépassent pas un montant raisonnable, excède le total des montants visés aux alinéas c) et d): c) le total des montants des intérêts réputés par le paragraphe (9.2) avoir été payables sur la créance par l’emprunteur pour les années d’imposition se terminant avant ce moment, d) les intérêts qui seraient réputés, par le paragraphe (9.2), payables sur la créance par l’emprunteur pour l’année si cette année s’était terminée immédiatement avant ce moment, (cet excédent étant appelé « excédent donné » au présent paragraphe), les règles suivantes s’appliquent: e) pour l’application de l’article 79 à l’emprunteur, le principal de la créance à ce moment est réputé correspondre à l’excédent éventuel de ce principal sur l’excédent donné; f) l’excédent donné est à déduire à ce moment dans le calcul du montant remis, au sens du paragraphe 80(1), sur la créance. Idem Idem Idem (9.4) Les présomptions suivantes s’appliquent au montant qu’une personne ou une société de personnes paie relativement à une créance dont un emprunteur est débiteur soit au titre du règlement total ou partiel d’intérêts sur la créance pour une période, ou une partie de période, qui est postérieure à 1991 et au moment du paiement, soit en contrepartie d’une réduction du taux d’intérêt payable sur la créance à l’exclusion d’un paiement visé au paragraphe (9.1)) pour une période, ou une partie de période, qui est postérieure à 1991 et au moment du paiement : a) le montant est réputé, pour l’application du paragraphe (9.5) et, sous réserve de ce paragraphe, pour l’application de la division (9.2)a)(iii)(A), du sous-alinéa (9.2)b)(ii), de l’alinéa (9.3)b) et du paragraphe (9.6), constituer des intérêts payés ou payables par l’emprunteur pour cette période ou partie de période; b) le montant est réputé, pour l’application du sous-alinéa (9.2)a)(ii) et de l’alinéa (9.3)a), constituer un montant payé au moment du paiement en exécution de l’obligation de payer des intérêts sur la créance pour cette période ou partie de période. Idem (9.5) Les intérêts payables sur une créance, déterminés compte non tenu du paragraphe (9.2), par un emprunteur pour une période donnée, ou une partie d’une telle période, qui est postérieure à 1991 sont réputés, pour l’application de la division (9.2)a)(iii)(A), du sous-alinéa (9.2)b)(ii), de l’alinéa (9.3)b) et du paragraphe (9.6), être des intérêts payables sur la créance par l’emprunteur pour une période ultérieure et non pour la période donnée et sont réputés, pour l’application du sous-alinéa (9.2 a)(ii) et de l’alinéa (9.3)a), constituer un montant payé en exécution de l’obligation de payer des intérêts sur la créance pour la période ultérieure s’il est raisonnable de considérer les intérêts comme un montant payable en contrepartie d’une des réductions suivantes, déterminées compte non tenu de l’existence ou du montant d’intérêts payés ou payables sur une telle créance : a) une réduction des intérêts qui seraient payables par ailleurs sur la créance pour la période ultérieure; b) une réduction du montant qui a été payé, ou qui peut l’être, avant le début de la période ultérieure en exécution de l’obligation de payer des intérêts sur la créance pour la période ultérieure. Income Tax PART I Income Tax DIVISION B Computation of Income
Where a retirement compensation arrangement is part of a plan or arrangement (in this subsection referred to as the “plan”) under which amounts not related to the retirement compensation arrangement are payable or provided, for the purposes of this Act, other than this subsection, (a) the retirement compensation arrangement shall be deemed to be a separate arrangement independent of other parts of the plan of which it is a part; and (b) subject to subsection 6(14), amounts paid out of or under the plan shall be deemed to have first been paid out of the retirement compensation arrangement unless a provision in the plan otherwise provides. Disposition of property by RCA trust
Idem Idem Impôt sur le revenu
For the purposes of paragraphs 56(1)(x) and 56(1)(z), where, at any time in a year, a trust governed by a retirement compensation arrangement (a) disposes of property to a person for consideration less than the fair market value of the property at the time of the disposition, or for no consideration, (b) acquires property from a person for consideration greater than the fair market value of the property at the time of the acquisition, or (c) permits a person to use or enjoy property of the trust for no consideration or for consideration less than the fair market value of such use or enjoyment, the amount, if any, by which the fair market value differs from the consideration or, if there is no consideration, the amount of the fair market value shall be deemed to be an amount received at that time by the person or out of or under the arrangement that can reasonably be considered to have been received in respect of an office or employment of a taxpayer. Foreign retirement arrangement
If an amount in respect of a foreign retirement arrangement is, as a result of a transaction, an event or a circumstance, considered to be distributed to an individual under the income tax laws of the country in which the arrangement is established, the amount is, for the purpose of paragraph (1)(a), deemed to be received by the individual as a payment out of the arrangement in the taxation year that includes the time of the transaction, event or circumstance. Support
(a) when payable, is deemed to be payable to and receivable by the taxpayer; and (b) when paid, is deemed to have been paid to and received by the taxpayer. Agreement
For the purposes of section 56, this section and subsection 118(5), the amount determined by the formula A is the total of all amounts each of which is an amount (other than an amount that is otherwise a support amount) that became payable by a person in a taxation year, under an order of a competent tribunal or under a written agreement, in respect of an expense (other than an expenditure in respect of a self-contained domestic establishment in which the person resides or an expenditure for the acquisition of tangible property, or of civil law corporeal property, that is not an expenditure on account of a medical or education expense or in respect of the acquisition, improvement or maintenance of a self-contained domestic establishment in which the taxpayer described in paragraph (a) or (b) resides) incurred in the year or the preceding taxation year for the maintenance of a taxpayer, children in the taxpayer’s custody or both the taxpayer and those children, if the taxpayer is (a) the person’s spouse or common-law partner or former spouse or common-law partner, or (b) where the amount became payable under an order made by a competent tribunal in accordance with the laws of a province, an individual who is the parent of a child of whom the person is a legal parent, B is the amount, if any, by which (a) the total of all amounts each of which is an amount included in the total determined for A in respect of the acquisition or improvement of a self-contained domestic establishment in which the taxpayer resides, including any payment of principal or interest in respect of a loan made or indebtedness incurred to finance, in any manner whatever, such acquisition or improvement exceeds (b) the total of all amounts each of which is an amount equal to 1/5 of the original principal amount of a loan or indebtedness described in paragraph (a), is, where the order or written agreement, as the case may be, provides that this subsection and subsection 60.1(2) shall apply to any amount paid or payable and the tax-payer is deemed to be an amount payable and receivable by the taxpayer as an allowance on a periodic basis, and the tax-payer is deemed to have discretion as to the use of that amount.
exécution de l'obligation de payer des intérêts sur la créance pour cette période. Idem (9.6) Lorsqu'un emprunteur assume, à un moment donné, les obligations d'une personne ou d'une société de personnes relativement à une créance, les règles suivantes s'appliquent : a) les intérêts payables sur la créance, déterminés compte non tenu du paragraphe (9.2), par une personne ou une société de personnes pour une période sont réputés, pour l'application de la division (9.2)(a)(iii)(A), du sous-alinéa (9.2)(b)(i) et de l'alinéa (9.3)(b), être des intérêts payables sur la créance par l'emprunteur pour une année d'imposition se terminant après 1991, dans la mesure où la période fait partie de cette année; b) les paragraphes (9.2) et (9.3) s'appliquent à l'emprunteur relativement à la créance après ce moment à la condition que le paragraphe (9.2) se soit appliqué à l'emprunteur relativement à la créance avant ce moment. Pour l'application du présent paragraphe, lorsque l'emprunteur a commencé à exister à un moment donné qui est postérieur au début de la période donnée commençant au début de la première période pour laquelle des intérêts sont payables sur la créance par une personne ou une société de personnes et se terminant au moment donné, les présomptions suivantes s'appliquent : c) l'emprunteur est réputé avoir existé tout au long de la période donnée; d) les années d'imposition de l'emprunteur, tout au long de la période donnée, sont réputées avoir pris fin le jour de l'année où sa première année d'imposition a pris fin. Idem (9.7) Lorsque le montant payé par un emprunteur à un moment donné en exécution de l'obligation de payer un montant déterminé d'intérêts sur une créance tout ou partie d'une période ultérieure excède ce montant déterminé, escompté : a) d'une part, pour la période donnée commençant au moment donné et se terminant à la fin de la période ultérieure ou de la partie de période; b) d'autre part, au taux d'intérêt applicable à la créance au cours de la période donnée (ou, lorsque le taux pour une partie de la période donnée n'est pas Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this section and section 56, where a written agreement or order of a competent tribunal made at any time in a taxation year provides that an amount received before that time and in the year or the preceding taxation year is to be considered to have been paid and received thereunder, (a) the amount is deemed to have been received thereunder; and (b) the agreement or order is deemed, except for the purpose of this subsection, to have been made on the day on which the first such amount was received, except that, where the agreement or order is made after April 1997 and varies a child support amount payable to the recipient from the last such amount received by the recipient before May 1997, each varied amount of child support received under the agreement or order is deemed to have been receivable under an agreement or order the commencement day of which is the day on which the first payment of the varied amount is required to be made.
(d) be deemed to be a payment described in paragraph 18(9.1)(d) in respect of the debt obligation. Idem Impôt sur le revenu
The definitions in this subsection apply in this section and section 56. child support amount means any support amount that is not identified in the agreement or order under which it is receivable as being solely for the support of a recipient who is a spouse or common-law partner or former spouse or common-law partner of the payer or who is a parent of a child of whom the payer is a legal parent. commencement day at any time of an agreement or order means (a) where the agreement or order is made after April 1997, the day it is made; and (b) where the agreement or order is made before May 1997, the day, if any, that is after April 1997 and is the earliest of (i) the day specified as the commencement day of the agreement or order by the payer and recipient under the agreement or order in a joint election filed with the Minister in prescribed form and manner, (ii) where the agreement or order is varied after April 1997 to change the child support amounts payable to the recipient, the day on which the first payment of the varied amount is required to be made, (iii) where a subsequent agreement or order is made after April 1997, the effect of which is to change the total child support amounts payable to the recipient by the payer, the commencement day of the first such subsequent agreement or order, and (iv) the day specified in the agreement or order, or any variation thereof, as the commencement day of the agreement or order for the purposes of this Act. support amount means an amount payable or receivable as an allowance on a periodic basis for the maintenance of the recipient, children of the recipient or both the recipient and children of the recipient, if the recipient has discretion as to the use of the amount, and (a) the recipient is the spouse or common-law partner or former spouse or common-law partner of the payer, the recipient and payer are living separate and apart because of the breakdown of their marriage or common-law partnership and the amount is receivable under an order of a competent tribunal or under a written agreement; or (b) the payer is a legal parent of a child of the recipient and the amount is receivable under an order made Reserve claimed for debt forgiveness
Reserve claimed for debt forgiveness
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1995, c. 21, s. 19. Restrictive Covenants
eligible individual, in respect of a vendor, at any time means an individual (other than a trust) who is related to the vendor and who has attained the age of 18 years at or before that time. (particulier admissible) eligible interest, of a taxpayer, means capital property of the taxpayer that is (a) a partnership interest in a partnership that carries on a business; (b) a share of the capital stock of a corporation that carries on a business; or (c) a share of the capital stock of a corporation 90% or more of the fair market value of which is attributable to eligible interests in one other corporation. (participation admissible) goodwill amount, of a taxpayer, is an amount the taxpayer has or may become entitled to receive that would, if this Act were read without reference to this section, be Clauses restrictives required to be included in the proceeds of disposition of a property included in Class 14.1 of Schedule II to the *Income Tax Regulations*, or is an amount to which subsection 13(38) applies, in respect of a business carried on by the taxpayer through a permanent establishment located in Canada. *(montant pour achalandage)* **permanent establishment** means a permanent establishment as defined for the purpose of subsection 16.1(1). *(établissement stable)* **restrictive covenant**, of a taxpayer, means an agreement entered into, an undertaking made, or a waiver of an advantage or right by the taxpayer, whether legally enforceable or not, that affects, or is intended to affect, in any way whatever, the acquisition or provision of property or services by the taxpayer or by another taxpayer that does not deal at arm’s length with the taxpayer, other than an agreement or undertaking (a) that disposes of the taxpayer’s property; or (b) that is in satisfaction of an obligation described in section 49.1 that is not a disposition of property, the obligation being satisfied in respect of a right to acquire or services that the taxpayer acquired for less than its fair market value. *(clause restrictive)* **taxpayer** includes a partnership. *(contribuable)* **Income — restrictive covenants**
fixé au moment donné, au taux prescrit en vigueur au moment donné, les présomptions suivantes s’appliquent à l’excédent : c) pour l’application des paragraphes (9.2) à (9.6) et (9.8), l’excédent est réputé ne pas constituer des intérêts payables sur la créance, ni un montant payé en exécution de l’obligation de payer des intérêts sur la créance; d) l’excédent est réputé être un paiement au titre d’une pénalité ou d’une obligation visées au paragraphe (9.1) relativement à la créance. Idem (9.8) Les paragraphes (9.2) à (9.7) n’ont pas pour effet de permettre le dépassement du total visé à l’alinéa a) par le total visé à l’alinéa b) : a) le total des montants représentant chacun les intérêts payables sur une créance par un particulier, sauf une fiducie, ou réputés par le paragraphe (9.2) payables sur une créance par une société, une société de personnes ou une fiducie, pour une année d’imposition se terminant après 1991 et avant le moment donné; b) le total des montants représentant chacun les intérêts payables sur la créance, déterminés compte non tenu du paragraphe (9.2), par une personne ou une société de personnes pour une année d’imposition se terminant après 1991 et avant le moment donné. Régime de prestations aux employés
There is to be included in computing a taxpayer’s income for a taxation year the total of all amounts each of which is an amount in respect of a restrictive covenant of the taxpayer that is received or receivable in the taxation year by the taxpayer or by a taxpayer with whom the taxpayer does not deal at arm’s length (other than an amount that has been included in computing the taxpayer’s income because of this subsection for a preceding taxation year or in the taxpayer’s eligible corporation’s income because of this subsection for the taxation year or a preceding taxation year). **Non-application of subsection (2)**
L’alinéa (1)o) ne s’applique pas à une cotisation versée à un régime de prestations aux employés dans la mesure où, selon le cas : a) la cotisation répond aux conditions suivantes : (i) elle est versée pour des services rendus par un employé qui ne réside pas au Canada et qui est employé régulièrement dans un pays autre que le Canada, (ii) il n’est pas raisonnable de la considérer comme versée pour des services rendus ou à rendre pendant une période où l’employé réside au Canada; b) le dépositaire du régime ne résidant pas au Canada, la cotisation répond aux conditions suivantes : (i) elle est versée à l’égard d’un employé qui ne réside pas au Canada au moment du versement, Limitation (f) making a contribution to a net income stabilization account; (g) [Repealed, 2011, c. 24, s. 2] (i) making a contribution to a registered disability savings plan; (j) making a contribution under a TFSA; or (k) making a contribution to a FHSA, When s. (15) applies to money lenders
Subsection (2) does not apply to an amount received or receivable by a particular taxpayer in a taxation year in respect of a restrictive covenant granted by the particular taxpayer to another taxpayer (referred to in this subsection and subsection (4) as the “purchaser”) with whom the particular taxpayer deals at arm’s length (determined without reference to paragraph 251(5)(b)), if (a) section 5 or 6 applied to include the amount in computing the particular taxpayer’s income for the taxation year or would have so applied if the amount had been received in the taxation year; (b) the amount would, if this Act were read without reference to this section, be required to be included in the proceeds of disposition of a property included in Class 14.1 of Schedule II to the Income Tax Regulations, or is an amount to which subsection 13(38) applies, in respect of the business to which the restrictive covenant relates, and the particular taxpayer elects (or if the amount is payable by the purchaser in respect of a business carried on in Canada by the purchaser, the particular taxpayer and the purchaser jointly elect) in prescribed form to apply this paragraph in respect of the amount; or (c) subject to subsection (9), the amount directly relates to the particular taxpayer’s disposition of property that is, at the time of the disposition, an eligible interest in the partnership or corporation that carries on the business to which the restrictive covenant relates, or that is at that time eligible interest by virtue of paragraph (c) of the definition eligible interest in subsection (1) where the other corporation referred to in that paragraph carries on the business to which the restrictive covenant relates, and (i) the disposition is to the purchaser (or to a person related to the purchaser), (ii) the amount is consideration for an undertaking by the particular taxpayer not to provide, directly or indirectly, property or services in competition with the property or services provided or to be provided by the purchaser (or by a person related to the purchaser), (iii) the restrictive covenant may reasonably be considered to have been granted to maintain or preserve the value of the eligible interest disposed of to the purchaser, (iv) if the restrictive covenant is granted on or after July 18, 2005, subsection 84(3) does not apply to the disposition, (v) the amount is added to the particular taxpayer’s proceeds of disposition, as defined by section 54, for the purpose of applying this Act to the disposition of the particular taxpayer’s eligible interest, and (vi) the particular taxpayer and the purchaser elect in prescribed form to apply this paragraph in respect of the amount.
Subsection 18(15) applies, subject to subsection 142.6(7), when pour l’année, calculé compte non tenu de ce montant et de l’article 34.1; c) tout montant qui, par le seul effet de l’alinéa b), n’est pas déductible pour une partie d’établissement domestique autonome dans le calcul du revenu d’entreprise du particulier pour l’année d’imposition précédente est déductible dans le calcul du revenu d’entreprise du particulier pour l’année, sous réserve des alinéas a) et b). Application du paragraphe (15) aux prêteurs d’argent
An amount paid or payable by a purchaser for a restrictive covenant is (a) if the amount is required because of section 5 or 6 to be included in computing the income of an employee of the purchaser, to be considered to be wages paid or payable by the purchaser to the employee; (b) if an election has been made under paragraph (3)(b) in respect of the amount, to be considered to be incurred by the purchaser on account of capital for the purpose of determining the cost of the property or for the purposes of subsection 13(35), as the case may be, and not to be an amount paid or payable for all other purposes of the Act; and (c) if an election has been made under paragraph (3)(c), in respect of the amount and the amount relates to the purchaser’s acquisition of property that is, immediately after the acquisition, an eligible interest for the purposes of subsection 103.03, to be the cost to the purchaser of that eligible interest and considered not to be an amount paid or payable for all other purposes of the Act. Non-application of section 68
Le paragraphe (15) s’applique, sous réserve du paragraphe 142.6(7), lorsque les conditions suivantes sont réunies : a) un contribuable (appelé « cédant » au présent paragraphe et au paragraphe (15)) dispose d’un bien particulier (à l’exclusion, pour ce qui est du calcul du surplus exonéré ou du déficit exonéré et du surplus imposable ou du déficit imposable d’une société étrangère affiliée du contribuable, relativement à celui-ci, dans le cas où le cédant serait une société étrangère affiliée du contribuable, d’un bien exclu, au sens du paragraphe 95(1), du cédant ou le serait si celui-ci était une société étrangère affiliée du contribuable); b) la disposition n’est pas visée à l’un des alinéas c) à g) de la définition de perte apparente à l’article 54; c) le cédant n’est pas un assureur; d) l’activité d’entreprise habituelle du cédant consiste en tout ou en partie à prêter de l’argent et le bien est utilisé ou détenu dans le cadre des activités habituelles de cette entreprise; e) le bien est une action ou un prêt, une obligation, un billet, une créance hypothécaire, une convention de vente ou une autre dette; f) le bien n’était pas un immobilisation du cédant immédiatement avant la disposition; g) au cours de la période qui commence 30 jours avant la disposition et se termine 30 jours après cette disposition, le cédant ou une personne affiliée à celui-ci acquiert le même bien ou un bien identique (appelé « bien de remplacement » au présent paragraphe et au paragraphe (15)); Income Tax PART I Income Tax DIVISION B Computation of Income
If this subsection applies to a restrictive covenant granted by a taxpayer, section 68 does not apply to deem consideration to be received or receivable by the taxpayer for the restrictive covenant. Application of subsection (5) — if employee provides covenant
When s. (15) applies to adventurers in trade
Subsection (5) applies to a restrictive covenant if (a) the restrictive covenant is granted by an individual to another taxpayer with whom the individual deals at arm’s length (referred to in this subsection as the “purchaser”); (b) the restrictive covenant directly relates to the acquisition from one or more other persons (in this subsection and subsection (12) referred to as the “vendors”) by the purchaser of an interest, or for civil law purposes a right, in the individual’s employer, in a corporation related to that employer or in a business carried on by that employer; (c) the individual deals at arm’s length with the employer and with the vendors; (d) the restrictive covenant is an undertaking by the individual not to provide, directly or indirectly, property or services in competition with property or services provided or to be provided by the purchaser (or by a person related to the purchaser) in the course of carrying on the business to which the restrictive covenant relates; (e) no proceeds are received or receivable by the individual for granting the restrictive covenant; and (f) the amount that can reasonably be regarded to be consideration for the restrictive covenant is received or receivable only by the vendors.
Subsection 18(15) applies where Loss on certain properties
Subject to subsection (10), subsection (5) applies to a restrictive covenant granted by a taxpayer if (a) the restrictive covenant is granted by the taxpayer (in this subsection and subsection (8) referred to as the “vendor”) to (i) another taxpayer (in this subsection referred to as the “purchaser”) with whom the vendor deals at arm’s length (determined without reference to paragraph 251(5)(b)) at the time of the grant of the restrictive covenant, or (ii) another person who is an eligible individual in respect of the vendor at the time of the grant of the restrictive covenant; (b) where subparagraph (a)(i) applies, the restrictive covenant is an undertaking of the vendor not to provide, directly or indirectly, property or services in competition with the property or services provided or to be provided by the purchaser (or by a person related to the purchaser) in the course of carrying on the business to which the restrictive covenant relates, and (i) the amount that can reasonably be regarded as being consideration for the restrictive covenant is (A) included by the vendor in computing a goodwill amount of the vendor, or (B) received or receivable by a corporation that was an eligible corporation of the vendor when the restrictive covenant was granted and included by the eligible corporation in computing a goodwill amount of the eligible corporation in respect of the business to which the restrictive covenant relates, or (ii) it is reasonable to conclude that the restrictive covenant is integral to an agreement in writing, (A) under which the vendor or the vendor’s eligible corporation disposes of property (other than property described in clause (B) or subparagraph (i)) to the purchaser, or the purchaser’s eligible corporation, for consideration that is received or receivable by the vendor, or the vendor’s eligible corporation, as the case may be, or (B) under which shares of the capital stock of a corporation (in this subsection and subsection (12) referred to as the “target corporation”) are disposed of to the purchaser or to another person that is related to the purchaser and with whom the vendor deals at arm’s length (determined without reference to paragraph 251(5)(b)), (c) where subparagraph (a)(ii) applies, the restrictive covenant is an undertaking of the vendor not to provide, directly or indirectly, property or services in competition with the property or services provided or to be provided by the eligible individual (or by an eligible corporation of the eligible individual) in the course of carrying on the business to which the restrictive covenant relates, and (A) the amount that can reasonably be regarded as being consideration for the restrictive covenant is (I) included by the vendor in computing a goodwill amount of the vendor, or (II) received or receivable by a corporation that was an eligible corporation of the vendor when the restrictive covenant was granted and included by the eligible corporation in computing a goodwill amount of the eligible corporation in respect of the business to which the restrictive covenant relates, or (B) it is reasonable to conclude that the restrictive covenant is integral to an agreement in writing (I) under which the vendor or the vendor’s eligible corporation disposes of property (other than property described in subclause (II) or clause (A)) to the eligible individual, or the eligible individual's corporation, for consideration that is received or receivable by the vendor, or the vendor's eligible corporation, as the case may be, or (II) under which shares of the capital stock of the vendor's eligible corporation (in this subsection and subsection (12) referred to as the “family corporation”) are disposed of to the eligible individual or the eligible individual's eligible corporation, (ii) the vendor is resident in Canada at the time of the grant of the restrictive covenant and the disposition referred to in clause (i)(B), and (iii) the vendor does not, at any time after the grant of the restrictive covenant and whether directly or indirectly in any manner whatever, have an interest, or for civil law a right, in the family corporation or in the eligible corporation of the eligible individual, as the case may be; (d) no proceeds are received or receivable by the vendor for granting the restrictive covenant; (e) subsection 84(3) does not apply in respect of the disposition of a share of the target corporation or family corporation, as the case may be; (f) the restrictive covenant can reasonably be regarded to have been granted to maintain or preserve the fair market value of any (i) the benefit of the expenditure derived from the goodwill amount referred to in subparagraph (b)(i) or clause (c)(i)(A) and for which a joint election referred to in paragraph (g) was made, (g) a joint election in prescribed form to apply subsection (5) to the amount referred to in subparagraph (b)(i) or clause (c)(i)(A), if otherwise applicable, is made by (i) in the case of subparagraph (b)(i), the vendor, or the vendor's eligible corporation, if it is required to include the goodwill amount in computing its income, and the purchaser, or the purchaser's eligible corporation, if it incurs the expenditure that is the goodwill amount to the vendor or the vendor's eligible corporation, as the case may be, or (ii) in the case of clause (7)(c)(i)(A), the vendor, or the vendor's eligible corporation, if it is required to include the goodwill amount in computing its income, and the eligible individual, or the eligible individual's eligible corporation, if it incurs the expenditure that is the goodwill amount to the vendor or the vendor's eligible corporation, as the case may be. Application of subsection (7) and section 69 — special rules (i) the consideration that can reasonably be regarded as being in part the consideration for the restrictive covenant is received or receivable by the vendor or the vendor's eligible corporation, as the case may be, as consideration for the disposition of a property, and (ii) if all or a part of the consideration can reasonably be regarded as being for a goodwill amount, subsection (2), paragraph (3)(b), subparagraph (7)(b)(i) or clause (7)(c)(i)(A) applies to that consideration; and (b) of determining if the conditions described in paragraph (7)(c) have been met, and for the purpose of applying section 69, in respect of a restrictive covenant granted by a vendor, the fair market value of a property is the amount that can reasonably be regarded as being the fair market value of the property if the restrictive covenant were part of the property. Anti-avoidance rule — non-application of paragraph (3)(c)
If this subsection applies because of subsection 18(13) or 18(14) to a disposition of a particular property, Impôt sur le revenu
Paragraph (3)(c) does not apply to an amount that would, if this Act were read without reference to subsections (2) to (14), be included in computing a taxpayer's income from a source that is an office or employment or a business or property under paragraph 3(a).
Subsection (7) does not apply in respect of a taxpayer’s grant of a restrictive covenant if one of the results of not applying section 68 to the consideration received or receivable in respect of the taxpayer’s grant of the restrictive covenant would be that paragraph 3(a) would not apply to consideration that would, if this Act were read without reference to subsections (2) to (14), be included in computing a taxpayer’s income from a source that is an office or employment or a business or property. Clarification if subsection (2) applies — where another person receives the amount
For greater certainty, if subsection (2) applies to include in computing a taxpayer’s income an amount received or receivable by another taxpayer, that amount is not to be included in computing the income of that other taxpayer.
For greater certainty, if subsection (5) applies in respect of a restrictive covenant, (a) the amount referred to in paragraph (6)(f) is to be added in computing the amount received or receivable by the vendors as consideration for the disposition of the interest or right referred to in paragraph (6)(b); and (b) the amount that can reasonably be regarded as being in part consideration received or receivable for a restrictive covenant to which clause (7)(b)(ii)(B) or subclause (7)(c)(i)(B)(II) applies is to be added in computing the consideration that is received or receivable by each taxpayer who disposes of shares of the target corporation, or shares of the family corporation, as the case may be, to the extent of the portion of the consideration that is received or receivable by that taxpayer.
h) à la fin de la période visée à l’alinéa d), le cédant ou une personne affiliée à celui-ci est propriétaire du bien de remplacement. Application du paragraphe (15) aux risques ou affaires de caractère commercial
For the purpose of paragraphs (3)(b) and (c) and subsection (7), an election in prescribed form filed under any of those provisions is to include a copy of the restrictive covenant and be filed (a) if the person who granted the restrictive covenant was a person resident in Canada when the restrictive covenant was granted, by the person with the Minister on or before the person’s filing-due date for the taxation year that includes the day on which the restrictive covenant was granted; and (b) in any other case, with the Minister on or before the day that is six months after the day on which the restrictive covenant is granted. Non-application of section 42
Le paragraphe (15) s’applique lorsque les conditions suivantes sont réunies : a) une personne (appelée « cédant » au présent paragraphe et au paragraphe (15)) dispose d’un bien; b) le bien figure à l’inventaire d’une entreprise qui est un projet comportant un risque ou une affaire de caractère commercial; c) la disposition n’est pas une qui est réputée avoir été effectuée par l’effet des paragraphes 10.1(6) ou (7), de l’article 70, du paragraphe 104(4), de l’article 128.1, des alinéas 132.2(3)a) ou c) ou des paragraphes 138(11.3), 138(24) ou 149(10); d) au cours de la période qui commence 30 jours avant la disposition et se termine 30 jours après, le cédant ou une personne affiliée à celui-ci acquiert le bien (appelé « bien de remplacement » au présent paragraphe) qui est, ou est identique à, ce bien; e) à la fin de la période visée à l’alinéa d), le cédant ou une personne affiliée à celui-ci est propriétaire du bien de remplacement. Pertes sur certains biens
Section 42 does not apply to an amount received or receivable as consideration for a restrictive covenant. Certain superannuation or pension benefits
Lorsque le présent paragraphe s’applique par l’effet des paragraphes (13) ou (14) à la disposition d’un bien, les présomptions suivantes s’appliquent : a) la perte du cédant résultant de la disposition est réputée nulle; b) la perte du cédant résultant de la disposition (déterminée compte non tenu du présent paragraphe) est réputée être sa perte résultant d’une disposition du bien effectuée à première date des moments suivants qui est postérieure à la disposition : (i) le début d’une période de 30 jours tout au long de laquelle ni le cédant, ni une personne affiliée à celui-ci n’est propriétaire : (A) du bien de remplacement, (B) d’un bien qui est identique au bien de remplacement et qui a été acquis après le jour qui précède de 31 jours le début de la période, Definitions (ii) le moment auquel le cédant serait réputé, par l'article 128.1 ou le paragraphe 149(10), avoir disposé du bien de remplacement s'il en était propriétaire, (iii) le moment immédiatement avant le moment où le cédant est assujetti à un fait lié à la restriction de pertes, (iv) si le cédant est une société : (A) pour ce qui est du calcul de son revenu étranger accumulé, tiré de biens, de son surplus exonéré ou déficit exonéré et de son surplus imposable ou déficit imposable, relativement à un contribuable pour une année d'imposition de ce dernier, dans le cas où celui-ci est une société étrangère affiliée du contribuable, le moment auquel la liquidation et dissolution du cédant commence, sauf s'il s'agit d'une liquidation et dissolution qui, selon le cas : (I) est une liquidation et dissolution admissibles, au sens du paragraphe 88(3.1), du cédant, (II) est une liquidation et dissolution désignées, au sens du paragraphe 95(1), du cédant, (B) pour toute autre fin, le moment auquel la liquidation du cédant commence, sauf s'il s'agit d'une liquidation à laquelle s'applique le paragraphe 88(1); c) pour l'application de l'alinéa b), la société de personnes qui cesse d'exister après la disposition est réputée ne cesser d'exister qu'au moment donné immédiatement après le premier en date des moments visés aux sous-alinéas b)(i) à (iv), et chaque personne qui en était un associé immédiatement avant le moment où elle aurait cessé d'exister, n'eût été le présent paragraphe, est réputée le demeurer jusqu'au moment donné. Bien identique présumé
(a) that the total of the paid by the taxpayer into or under the fund or plan during the period when its income was exempt by reason of that election is of the total of all amounts paid by the taxpayer into or under the fund or plan, or (b) that the total of the amounts paid by the taxpayer into or under the fund or plan during the period when its income was exempt by reason of that election together with simple interest on each amount so paid from the end of the year of payment thereof to the commencement of the superannuation allowance or pension at 3% per annum is of the total of all amounts paid by the taxpayer into or under the fund or plan together with simple interest, computed in the same manner, on each amount so paid, whichever is the greater.
Pour l'application des paragraphes (13), (14) et (15), le droit d'acquérir un bien (sauf le droit servant de garantie seulement et découlant d'une hypothèque, d'une convention de vente ou d'un titre semblable) est réputé être un bien qui est identique au bien. Définitions
This section does not apply in respect of a payment received by a taxpayer out of or under a superannuation or pension fund or plan if the taxpayer made no payment into or under the fund or plan.
Les définitions qui suivent s'appliquent au présent paragraphe et aux paragraphes (18) à (23). (i) the holder, (iv) a commodity, (v) foreign currency, bénéfice non constaté Est un bénéfice non constaté, relativement à une position d’une personne ou société de personnes à un moment donné d’une année d’imposition, le bénéfice éventuel qui serait inclus dans le calcul du revenu de la personne ou société de personnes pour l’année relativement à la position si celle-ci avait fait l’objet, immédiatement avant ce moment, d’une disposition à sa juste valeur marchande au moment de la disposition. (unrecognized profit) perte non constatée Est une perte non constatée, relativement à une position d’une personne ou société de personnes à un moment donné d’une année d’imposition, la perte éventuelle qui serait déductible dans le calcul du revenu de la personne ou société de personnes pour l’année relativement à la position si celle-ci avait fait l’objet, immédiatement avant ce moment, d’une disposition à sa juste valeur marchande au moment de la disposition. (unrecognized loss) position Est une position d’une personne ou société de personnes sur un ou plusieurs biens, obligations ou engagements de la personne ou société de personnes à l’égard desquels les critères ci-après se vérifient : a) chaque bien, obligation ou engagement est, selon le cas : (i) une action du capital-actions d’une société, (ii) une participation dans une société de personnes, (iii) une participation dans une fiducie, (iv) une marchandise, (v) une monnaie étrangère, (vi) un contrat d’échange, contrat d’achat ou de vente à terme, contrat de garantie de taux d’intérêt, contrat à terme normalisé, contrat d’option ou autre contrat semblable, (vii) une créance qui est due par la personne ou société de personnes, ou qui lui est due, et qui remplit l’un des critères ci-après à un moment donné : (A) elle est libellée dans une monnaie étrangère, (B) elle serait visée à l’alinéa 7000(1)d) du Règlement de l’impôt sur le revenu si cet alinéa s’appliquait comme prévu mais non tenu de son passage « sauf celles visées aux alinéas a), b) et c) », (C) elle est convertible ou échangeable contre un intérêt dans un bien visé à l’un des sous-alinéas Income Tax PART I Income Tax DIVISION B Computation of Income
Where a payment, to which subsection 57(1) would otherwise be applicable, is received by a taxpayer out of Restriction or under a superannuation or pension fund or plan in respect of a period of service for part only of which the taxpayer made payments into or under the fund or plan, subsection 57(1) is applicable only to that part of the payment which may reasonably be regarded as having been received in respect of the period for which the taxpayer made payments into or under the fund or plan and any part of the payment which may reasonably be regarded as having been received in respect of a period for which the taxpayer made no payments into or under the fund or plan shall be included in computing the taxpayer’s income for the year without any deduction whatever. Certain payments from pension plan
Impôt sur le revenu
Where a taxpayer, during the period from August 15, 1944 to December 31, 1945, made a contribution in excess of $300 to or under a registered pension plan in respect of services rendered by the taxpayer before the taxpayer became a contributor, there shall be included in computing the taxpayer’s income in respect of a payment received by the taxpayer out of or under the plan only that part of the payment that remains after deducting the proportion thereof that the contribution so made in excess of $300 is of the total of the amounts paid by the taxpayer to or under the plan.
Where, in respect of the death of a taxpayer who was a contributor to or under a superannuation or pension fund or plan described in subsection 57(1) or 57(4), a payment is received by a person in a taxation year out of or under the fund or plan, there shall be included in computing the income of that person for the year in respect thereof only that part of the payment that would, if the payment had been received by the taxpayer in the year out of or under the fund or plan, have been included by virtue of this section in computing the income of the taxpayer for the year. Government annuities and like annuities
(a) the total of the amounts that would have been so received if the contracts had continued in force as they were immediately before June 25, 1940, without the exercise of any option or contractual right to enlarge the annuity by the payment of additional sums or premiums unless those additional sums or premiums had been paid before that day, and
In determining the amount that shall be included in computing the income of a taxpayer in respect of payments received by the taxpayer in a taxation year under annuity contracts entered into after May 25, 1932, and before June 25, 1940, with the Government of Canada or annuity contracts like those issued under the Government Annuities Act entered into during that period with the government of a province or a corporation incorporated or licensed to carry on an annuities business in Canada, there may be deducted from the total of the payments received by the taxpayer (a) the total of the amounts that would have been received if the contracts had continued in force as they were immediately before June 25, 1940, without the exercise of any option or contractual right to enlarge the annuity by the payment of additional sums or premiums unless such additional sums or premiums had been paid before that day, and
(i) à (iv) ou, pour l’application du droit civil, contre un droit sur un tel bien, (viii) une obligation de transférer ou de retourner à une autre personne ou société de personnes un bien qui est identique à un bien visé à l’un des sous-alinéas (i) à (vii) qui avait été transféré ou prêté à la personne ou société de personnes par cette autre personne ou société de personnes, (ix) un intérêt dans un bien visé à l’un des sous-alinéas (i) à (vii) ou, pour l’application du droit civil, un droit sur un tel bien; b) il est raisonnable de conclure que, dans le cas où plusieurs des biens, obligations ou engagements de la personne ou société de personnes sont en cause, chacun d’eux est détenu avec chaque autre. (position) position compensatoire s’entend, relativement à une position donnée d’une personne ou société de personnes (appelées « détenteur » à la présente définition), d’une position ou de plusieurs positions si l’agrégat des énoncés ci-après se vérifient : a) elles sont détenues : (i) par le détenteur, (ii) par une personne ou société de personnes qui a un lien de dépendance avec le détenteur ou qui lui est affiliée (appelée « personne rattachée » au présent paragraphe et aux paragraphes (20), (22) et (23)), (iii) cela étant entendu, par toute combinaison du détenteur et d’une ou de plusieurs personnes rattachées; b) elles ont pour effet, ou auraient pour effet si chaque position détenue par une personne rattachée l’était par le détenteur, d’éliminer, en totalité ou en presque totalité, les possibilités pour le détenteur de subir des pertes et de réaliser des gains ou des bénéfices relativement à la position donnée; c) si elles sont détenues par une personne rattachée, il est raisonnable de considérer qu’elles le sont en vue de produire l’effet visé à l’alinéa b). (offsetting position) position remplaçante Est une position remplaçante, relativement à une position (appelée « position initiale » à la présente définition), la position donnée relativement à laquelle les énoncés ci-après se vérifient : Income Tax PART I Income Tax DIVISION B Computation of Income
Where a taxpayer has received annuity payments in respect of which the taxpayer would otherwise be entitled to make deductions under both subsection 58(1) and subsection 58(2): (a) if the amount deductible under subsection 58(1) is $1,200 or more, he may not make a deduction under subsection 58(2); and (b) if the amount deductible under subsection 58(1) is less than $1,200, the taxpayer may make one deduction computed as though subsection 58(2) applied to all contracts entered into before June 25, 1940.
Application of subsection (19) Straddle losses A + B − C where A is B is Impôt sur le revenu
The amount remaining after deducting from the total of the annuity payments to which this section applies received in a taxation year the deductions permitted by subsection 58(1), 58(2) or 58(3) shall be deemed to be the annuity payment in respect of which the capital element is deductible under paragraph 60(a).
Where a taxpayer and the taxpayer’s spouse or common-law partner each received annuity payments in respect of which they may deduct amounts under this section, the amount deductible shall be computed as if their annuities belonged to one person and may be deducted by either of them or be apportioned between them in such manner as is agreed to by them or, in case of disagreement, as the Minister determines.
This section does not apply to superannuation or pension benefits received out of or under a registered pension plan.
For the purpose of this section, an annuity shall be deemed to have been enlarged on or after June 25, 1940, if what is payable under the contract has, at any such time, been increased whether by increasing the amount of each periodic payment, by increasing the number of payments or otherwise. Consideration for foreign resource property
Application du paragraphe (19)
(a) the portion of the taxpayer’s proceeds of disposition from the disposition of the property that becomes receivable in the year (i) all amounts each of which is an outlay or expense made or incurred by the taxpayer for the purpose of making the disposition that was not otherwise deductible for the purposes of this Part, and (ii) where the property is a foreign resource property in respect of a country, the amount designated under this subparagraph in prescribed form filed with the taxpayer’s return of income for the year in respect of the disposition. Partnerships (1.1) Where a taxpayer is a member of a partnership in a fiscal period of the partnership, the taxpayer’s share of the amount that would be included under subsection (1) in respect of a disposition of a foreign resource property in computing the partnership’s income for a taxation year if the partnership were a person, the fiscal period were a taxation year, subsection (1) were read without reference to subparagraph (1)(b)(ii) and section 96 were read without reference to paragraph 96(1)(d) is deemed to be proceeds of disposition that become receivable by the taxpayer at the end of the fiscal period in respect of a disposition of the property by the taxpayer. Deduction under former s. 64 in preceding year
Sous réserve du paragraphe (20), le paragraphe (19) s’applique relativement à une disposition d’une position donnée effectuée par une personne ou société de personnes (appelées « cédant » au présent paragraphe et aux paragraphes (19), (20) et (22)) si les énoncés ci-après se vérifient : a) la disposition n’est pas une qui est réputée avoir été effectuée par l’effet de l’article 70, du paragraphe 104(4), de l’article 128.1 ou des paragraphes 138(11.3) ou 149(10); b) le cédant n’est ni une institution financière (au sens du paragraphe 142.2(1)), ni une société de placement à capital variable, ni une fiducie de fonds commun de placement; c) immédiatement avant la disposition, la position donnée n’était ni une immobilisation, ni une obligation à titre de capital, ni un engagement à titre de capital, du cédant. Pertes sur opérations de chevauchement
There shall be included in computing a taxpayer’s income for a taxation year any amount that has been deducted as a reserve under subsection 64(1), (1.1) or (1.2) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, in computing the taxpayer’s income for the immediately preceding taxation year. Recovery of exploration and development expenses (3.2) There shall be included in computing a taxpayer’s income for a taxation year (c) any amount referred to in subsection 66.2(1); Amounts to be included in income (3.3) There shall be included in computing a taxpayer’s income for a taxation year (a) 33 1/3% of the total of all amounts, each of which is the stated percentage of (i) an amount that became receivable by the taxpayer after December 31, 1983 and in the year (other than an amount that would have been a Canadian oil and gas exploration expense if it had been an expense incurred by the taxpayer at the time it became receivable), (ii) an amount that became receivable by the taxpayer after December 31, 1983 and in the year that would have been a Canadian oil and gas exploration expense described in paragraph (c) or (d) of the definition Canadian exploration expense in subsection 66.1(6) in respect of a qualified tertiary oil recovery project if it had been an expense incurred by the taxpayer at the time it became receivable, or (iii) 30% of an amount that became receivable by the taxpayer in the year and in 1984 that would have been a Canadian oil and gas exploration expense (other than an expense described in paragraph (c) of the definition Canadian exploration expense in subsection 66.1(6) in respect of a qualified tertiary oil recovery project) incurred in respect of non-conventional lands if it had been an expense incurred by the taxpayer at the time it became receivable and in respect of which the consideration given by the taxpayer was a property (other than a share, depreciable property of a prescribed class or a Canadian resource property) or services the cost of which may reasonably be regarded as having been an expenditure that was added in computing the earned depletion base of the taxpayer or in computing the earned depletion base of a predecessor where the taxpayer is a successor corporation to the predecessor; (b) 33 1/3% of the total of all amounts, each of which is the stated percentage of an amount in respect of a disposition of depreciable property of a prescribed class (other than a disposition of such property that had been used by the taxpayer to any person with whom the taxpayer was not dealing at arm’s length) of the taxpayer after December 11, 1979 and in the year, the capital cost of which was added in computing the earned depletion base of the taxpayer or of a person with whom the taxpayer was not dealing at arm’s length or in computing the earned depletion base of a predecessor where the taxpayer is a successor corporation to the predecessor, that is equal to the lesser of (i) the proceeds of disposition of the property, and (ii) the capital cost of the property to the taxpayer, the person with whom the taxpayer was not dealing at arm’s length or the predecessor, as the case may be, computed as if no amount had been added thereto by virtue of paragraph 21(1)(b) or subsection 21(3); (c) 33 1/3% of the total of all amounts, each of which is an amount in respect of a disposition of depreciable property of a prescribed class that is bituminous sands equipment (other than a disposition of such property that had been used by the taxpayer to any person with whom the taxpayer was not dealing at arm’s length) of the taxpayer after December 11, 1979 and before 1990 and in the year, the capital cost of which was added in computing the supplementary depletion base of the taxpayer or of a person with whom the taxpayer was not dealing at arm’s length or in computing the supplementary depletion base of a predecessor where the taxpayer is a successor corporation to the predecessor, that is equal to the lesser of (i) the proceeds of disposition of the property, and (ii) the capital cost of the property to the taxpayer, the person with whom the taxpayer was not dealing at arm’s length or the predecessor, as the case may be, computed as if no amount had been added thereto by virtue of paragraph 21(1)(b) or subsection 21(3); (d) 50% of the total of all amounts, each of which is an amount in respect of a disposition of depreciable property of a prescribed class that is enhanced recovery equipment (other than a disposition of such property that had been used by the taxpayer to any person with whom the taxpayer was not dealing at arm’s length) of the taxpayer after December 11, 1979 and before 1990 and in the year, the capital cost of which was added in computing the supplementary depletion base of the taxpayer or of a person with whom the taxpayer was not dealing at arm’s length or in computing the supplementary depletion base of a predecessor where the taxpayer is a successor corporation to the predecessor, that is equal to the lesser of (i) the proceeds of disposition of the property, and (ii) the capital cost of the property to the taxpayer, the person with whom the taxpayer was not dealing at arm’s length or the predecessor, as the case may be, computed as if no amount had been added thereto by virtue of paragraph 21(1)(b) or subsection 21(3); (e) 66 2/3% of the total of all amounts, each of which is an amount that became receivable by the taxpayer after December 11, 1979 and before 1990 and in the year and in respect of which the consideration given by the taxpayer was a property (other than a share or a Canadian resource property) or services the cost of which may reasonably be regarded as having been an expenditure in connection with an oil or gas well in respect of which an amount was included in computing the taxpayer’s frontier exploration base or in computing the frontier exploration base of a predecessor where the taxpayer is a successor corporation to the predecessor; and (f) 33 1/3% of the total of all amounts, each of which is the stated percentage of an amount that became receivable by the taxpayer after April 19, 1983 and in the year and in respect of which the consideration given by the taxpayer was a property (other than a share, depreciable property or a prescribed class or a Canadian resource property) or services the cost of which may reasonably be regarded as having been an expenditure that was included in computing the mining exploration depletion base of the taxpayer or in computing the mining exploration depletion base of a specified predecessor of the taxpayer. (3.4) For the purposes of this subsection and subsection 59(3.3), specified predecessor of a taxpayer means a person who is a predecessor of stated percentage means (a) in respect of an amount described in paragraph 59(3.3)(a) or 59(3.3)(f) that became receivable by a taxpayer, (i) 100% where the amount became receivable before July, 1988, (ii) 50% where the amount became receivable after June, 1988 and before 1990, and (iii) 0% where the amount became receivable after 1989, (b) in respect of the disposition described in paragraph 59(3.3)(b) of a depreciable property of a taxpayer, (i) 100% where the property was disposed of before July, 1988, (ii) 50% where the property was disposed of after June, 1988 and before 1990, and (iii) 0% where the property was disposed of after 1989; (pourcentage indiqué) successor corporation means a corporation that has at any time after November 7, 1969 acquired, by purchase, amalgamation, merger, winding-up or otherwise (other than pursuant to an amalgamation that is described in subsection 87(1.2) or a winding-up to which the rules in subsection 88(1) apply), from another person (in this subsection and subsection 59(3.3) referred to as the “predecessor”) all or substantially all of the Canadian resource properties of the predecessor in circumstances in which any of subsection 29(25) of the Income Tax Application Rules and subsections 66.7(1) and 66.7(3) to 66.7(5) apply to the corporation. (société remplaçante) Variation of stated percentage (3.5) Notwithstanding the definition stated percentage in subsection 59(3.4), where (a) an amount became receivable by a taxpayer within 60 days after the end of 1989 in respect of a disposition of property or services, and (b) the person to whom the disposition was made is a corporation that, before the end of 1989, had issued, or had undertaken to issue, a flow-through share and the corporation renounces under subsection 66(12.66), effective on December 31, 1989, an amount in respect of Canadian exploration expenses that includes an expenditure in respect of the amount referred to in paragraph 59(3.5)(a), the stated percentage in respect of the amount described in paragraph 59(3.5)(a) shall be 50%.
Si le présent paragraphe s’applique relativement à une disposition d’une position donnée effectuée par un cédant, la fraction de la perte éventuelle, relativement à la disposition de la position donnée, qui est déductible dans le calcul du revenu du cédant pour une année d’imposition donnée, est égale au montant obtenu par la formule suivante : A + B − C où : A représente : a) si l’année donnée est l’année d’imposition de la disposition, le montant de la perte, déterminé compte non tenu du présent paragraphe et cela étant entendu, sous réserve du paragraphe (15), b) sinon, zéro; B : D - (E + F) where (i) the particular position, G - H where a) si la disposition a été effectuée au cours d’une année antérieure, la valeur de l’élément C relativement à la disposition pour l’année d’imposition précédente, b) sinon, zéro; et C le moins élevé des montants suivants : a) la valeur de l’élément A pour l’année d’imposition de la disposition, b) le montant obtenu par la formule suivante : D - (E + F) où : D représente le total des montants dont chacun est le montant du bénéfice non constaté à la fin de l’année donnée relativement aux positions suivantes : (i) la position donnée, (ii) les positions qui sont des positions compensatoires relativement à la position donnée (ou qui le seraient, en l’absence de toute position remplaçante relativement à la position donnée, si la position donnée avait continué d’être détenue par le cédant), (iii) les positions remplaçantes relativement à la position donnée (à cette fin, est aussi une position remplaçante relativement à une position quelconque la position qui en est une relativement à une position remplaçante qui en est une relativement à la position quelconque), (iv) les positions qui sont des positions compensatoires relativement à une position remplaçante mentionnée au sous-alinéa (iii) (ou qui le seraient, si l’une de ces positions remplaçantes avait continué d’être détenue par le détenteur), E le total des montants dont chacun est le montant de la perte non constatée, à la fin de l’année donnée, relativement aux positions visées aux sous-alinéas (i) à (iv) de l’élément D, F le total des montants dont chacun est un montant obtenu par la formule suivante : G - H où : G représente la valeur de l’élément A pour l’année d’imposition de la disposition relativement à une position – la position en cause – qui a fait l’objet d’une disposition Exceptions avant la disposition donnée, si les énoncés ci-après se vérifient : (i) la position donnée était une position remplaçante relativement à la position en cause (à cette fin, est aussi une position remplaçante relativement à une position quelconque la position remplaçante qui en est une relativement à une position remplaçante qui en est une relativement à la position quelconque), (ii) la position en cause était l’une des positions suivantes : (A) une position compensatoire relativement à la position donnée, (B) une position compensatoire relativement à une position relativement à laquelle la position donnée était une position remplaçante (à cette fin, est aussi une position remplaçante relativement à une position quelconque la position remplaçante qui en est une relativement à une position remplaçante qui en est une relativement à la position quelconque), (C) la position donnée, H le total des montants dont chacun est, relativement à une position en cause visée à l’élément G, un montant déterminé selon la première formule figurant au présent paragraphe pour l’année donnée ou une année d’imposition antérieure. Exceptions
In this section, proceeds of disposition has the meaning assigned by section 54.
Le paragraphe (19) ne s’applique pas relativement à une position donnée d’un cédant si l’un des énoncés ci-après se vérifie : a) les faits ci-après s’avèrent : (i) la position donnée, ou la position compensatoire relativement à la position donnée, consiste : (A) soit en des marchandises manufacturées, produites, cultivées, extraites ou transformées par le détenteur de la position, (B) soit en une dette que le détenteur de la position contracte dans le cadre d’une entreprise qui consiste en une ou plusieurs activités visées à la division (A), Application
In this section, bituminous sands equipment, Canadian oil and gas exploration expense, earned depletion base, enhanced recovery equipment, frontier exploration base, mining exploration depletion base, non-conventional lands, qualified tertiary oil recovery project and supplementary depletion base have the meanings assigned by regulations made for the purposes of section 65.
For the purposes of subsections (17) to (23), (ii) il est raisonnable de considérer que la position qui n’est pas visée au sous-alinéa (i) — cette position étant la position donnée si la position compensatoire est visée au sous-alinéa (i) et la position compensatoire si la position donnée est visée à ce sous-alinéa — est détenue en vue de réduire le risque relatif à la position visée au sous-alinéa (i), que représentent : (A) dans le cas d’une position visée à la division (i)(A), les changements de prix ou les fluctuations de la valeur d’une monnaie relatifs aux marchandises visées à cette division, (B) dans le cas d’une position visée à la division (i)(B), les fluctuations des taux d’intérêt ou de la valeur d’une monnaie relatives à la dette visée à cette division; b) d’une part, le cédant ou une personne rattachée (appelés « détenteur » au présent alinéa) continue de détenir une position — qui serait une position compensatoire relativement à la position donnée si celle-ci était toujours détenue par le cédant — tout au long de la période de 30 jours commençant à la date de disposition de la position donnée et, tout au long de cette période, le détenteur, pour ce qui est de cette position, (i) soit n’ont diminué de façon tangible en raison d’une autre position qu’il a prise ou dont il a disposé, (ii) soit ne diminueraient de façon tangible en raison d’une autre position qu’une personne rattachée a prise ou dont elle a disposé, si le détenteur avait pris cette autre position ou en avait disposé; c) il est raisonnable de considérer qu’aucun des objets principaux de la série d’opérations ou d’événements, ou de l’une des opérations ou de l’un des événements de la série, qui comprend la détention de la position donnée et de la position compensatoire n’est de se soustraire à l’impôt, de le réduire ou de le différer relativement à un montant d’impôt qui serait par ailleurs payable sous le régime de la présente loi. Application
(a) there shall be deducted in computing the taxpayer’s income for the particular year such amount as the taxpayer may claim, not exceeding the least of, (i) the total of those proceeds so becoming receivable in the particular year by the taxpayer to the extent that they have been included in the amount referred to in paragraph (a) of the description of F in the definition cumulative Canadian development expense in subsection 66.4(5) or in paragraph (a) of the description of F in the definition cumulative Canadian oil and gas property expense in subsection 66.4(5) in respect of the taxpayer, (ii) the amount required to be included in computing the taxpayer’s income for the particular year by virtue of paragraph 59.3(2)(c), and (iii) the taxpayer’s income for the particular year determined without reference to this section; (b) the amount, if any, by which (i) the amount deducted under paragraph 59.1(a) (ii) the total of such of the Canadian exploration expenses, Canadian development expenses and Canadian oil and gas property expenses made or incurred by the taxpayer in the taxpayer’s taxation years immediately following the particular year as were designated by the taxpayer in the taxpayer’s return of income for the year in which the expense was made or incurred, shall be included in computing the taxpayer’s income for the particular year and, notwithstanding subsections 152(4) and 152(5), such reassessment of the taxpayer’s tax, interest or penalties for any year shall be made as is necessary to give effect to the inclusion; and (c) any Canadian exploration expense, Canadian development expense or Canadian oil and gas property expense made or incurred by the taxpayer and designated in the taxpayer’s return of income in accordance with subparagraph 59.1(1)(b)(ii) shall (except for the purposes of subsections 66(12.1), 66(12.2), 66(12.3) and 66(12.5) and for the purpose of computing the taxpayer’s earned depletion base within the meaning assigned by regulations made for the purposes of section 65) be deemed not to be a Canadian exploration expense, a Canadian development expense or a Canadian oil and gas property expense, as the case may be, of the taxpayer. Deductions in Computing Income Other deductions
Les règles ci-après s’appliquent aux fins des paragraphes (17) à (23) : a) si une position d’une personne ou société de personnes n’est pas un bien de la personne ou société de personnes, celle-ci est réputée : Income Tax PART I Income Tax DIVISION B Computation of Income
(a) the capital element of each annuity payment included by virtue of paragraph 56(1)(d) in computing the taxpayer’s income for the year, that is to say, (i) if the annuity was paid under a contract, an amount equal to that part of the payment determined in prescribed manner to have been a return of capital, and (ii) if the annuity was paid under a will or trust, such part of the payment as can be established by the recipient not to have been paid out of the income of the estate or trust; Support (b) the total of all amounts each of which is an amount determined by the formula A is the total of all amounts each of which is a support amount paid after 1996 and before the end of the year by the taxpayer to a particular person, where the taxpayer and the particular person were living separate and apart at the time the amount was paid, B is the total of all amounts each of which is a child support amount that became payable by the taxpayer to the particular person under an agreement or order on or after its commencement day and before the end of the year in respect of a period that began on or after its commencement day, and C is the total of all amounts each of which is a support amount paid by the taxpayer to the particular person after 1996 and deductible in computing the taxpayer’s income for a preceding taxation year; Pension income reallocation (c) where the taxpayer is a pensioner (as defined in subsection 60.03(1)), any amount that is a split-pension amount (as defined in that subsection) in respect of the pensioner for the taxation year; Repayment of support payments (c.2) an amount paid by the taxpayer in the year or one of the 2 preceding taxation years under a decree, order or judgment of a competent tribunal as a repayment of an amount included under paragraph 56(1)(b) or 56(1)(c), or under paragraph 56(1)(c.1) (as it applies, in computing the taxpayer’s income for the year or a preceding taxation year, to decrees, orders and judgments made before 1993) to the extent that it was not so deducted for a preceding taxation year; Interest on death duties (d) an amount equal to annual interest accruing within the taxation year in respect of succession duties, inheritance taxes or estate taxes; CPP/QPP contributions on self-employed earnings (A) the total of all amounts each of which is an amount payable by the taxpayer in respect of self-employed earnings for the year as a contribution under subsection 10(1) of the Canada Pension Plan or as a like contribution under a provincial pension plan, as defined in section 3 of that Act, and (B) the maximum amount of such contributions payable by the taxpayer for the year under the plan, and (A) the total of all amounts each of which is an amount payable by the taxpayer in respect of self-employed earnings for the year as a contribution under subsection 10(1.1) or (1.2) of the Canada Pension Plan or as a like contribution under a provincial pension plan, as defined in section 3 of that Act, and (B) the maximum amount of such contributions payable by the taxpayer for the year under the plan; Enhanced CPP contributions (i) the total of all amounts each of which is an amount payable by the taxpayer for the year as an employee’s contribution under subsection 8(1.1) or (1.2) of the Canada Pension Plan or as a like contribution under a provincial pension plan, as defined in section 3 of that Act, and (ii) the maximum amount of such contributions payable by the taxpayer for the year under the plan; Restrictive covenant — bad debt (f) all debts owing to a taxpayer that are established by the taxpayer to have become bad debts in the taxation year and that are in respect of an amount included because of the operation of subsection 6(3.1) or 56.4(2) in computing the taxpayer’s income in a preceding taxation year; Quebec parental insurance plan — self-employed premiums (g) the amount determined by the formula A is the total of all amounts each of which is an amount payable by the taxpayer in respect of self-employed earnings for the taxation year as a premium under the Act respecting parental insurance, R.S.Q., c. A-29.011, and SUBDIVISION E Deductions in Computing Income B is the total of all amounts each of which is an amount that would be payable by the taxpayer as an employee’s premium under the Act respecting parental insurance, R.S.Q., c. A-29.011, if those earnings were employment income of the taxpayer for the taxation year; (i) any amount that is deductible under section 146, 146.3 or 146.6 or subsection 147.3(13.1) or 147.5(19) in computing the income of the taxpayer for the year; Transfer of superannuation benefits (j) such part of the total of all amounts each of which is (i) a superannuation or pension benefit (other than any amount in respect of the benefit that is deducted in computing the taxable income of the taxpayer for a taxation year because of subparagraph 110(1)(f)(i)) or a benefit that is part of a series of periodic payments payable out of or under a pension plan that is not a registered pension plan, attributable to services rendered by the taxpayer or a spouse or common-law partner or former spouse or common-law partner of the taxpayer in a period throughout which that person was not resident in Canada, and included in computing the income of the taxpayer for the year because of subparagraph 56(1)(a)(i), or (iii) is designated by the taxpayer in the taxpayer’s return of income under this Part for the year, and (iv) does not exceed the total of all amounts each of which is an amount paid by the taxpayer in the year or within 60 days after the end of the year (A) as a contribution to or under a registered pension plan for the taxpayer’s benefit, other than the portion thereof deductible under paragraph 8(1)(m) in computing the taxpayer’s income for the year, (B) as a premium (within the meaning assigned by subsection 146(1)) under a registered retirement savings plan under which the taxpayer is the annuitant (within the meaning assigned by SUBDIVISION E Deductions in Computing Income subsection 146(1), other than the portion thereof designated for a taxation year for the purposes of paragraph 60(l), or (C) to or under a registered retirement income fund under which the taxpayer is the annuitant, as defined in subsection 146.3(1), other than the portion thereof designated for a taxation year for the purposes of paragraph (l), to the extent that the amount was not deducted in computing the taxpayer’s income for a preceding taxation year; (j.01) such part of the total of all amounts each of which is an amount received by the taxpayer before March 28, 1988 that can reasonably be considered to be a payment in respect of the actuarial surplus under a defined benefit provision (within the meaning assigned by subsection 147.1(1)) of a registered pension plan and that is included in computing the income of the taxpayer for the year by virtue of subparagraph 56(1)(a)(i) (other than any portion thereof deducted by the taxpayer under subsection 60.2(1) in computing the taxpayer’s income for the year) as (i) is designated by the taxpayer in the taxpayer’s return of income under this Part for the year, and (ii) does not exceed the total of all amounts each of which is an amount paid by the taxpayer in the year or within 60 days after the end of the year (A) as a contribution to or under a registered pension plan for the taxpayer’s benefit, other than the portion thereof deductible under paragraph 60(j) or 60(j.1) or 8(1)(m) of this Act or paragraph 8(1)(m.1) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, in computing the taxpayer’s income for the year, or (B) as a premium (within the meaning assigned by subsection 146(1)) under a registered retirement savings plan under which the taxpayer is the annuitant (within the meaning assigned by subsection 146(1)), other than the portion thereof that has been designated for the purposes of paragraph 60(j), 60(j.1) or 60(l), to the extent that it was not deducted in computing the taxpayer’s income for a preceding taxation year; SUBDIVISION E Deductions in Computing Income (A) all contributions made in the year by the taxpayer to registered pension plans in respect of eligible service of the taxpayer before 1990 under the plans, where the taxpayer was obliged under the terms of an agreement in writing entered into before March 28, 1988 to make the contributions, and (B) all amounts each of which is an amount paid in the year by the taxpayer to a registered pension plan as (I) a repayment under a prescribed statutory provision of an amount received from the plan that was included under subsection 56(1) in computing the taxpayer’s income for a taxation year ending before 1990, where the taxpayer was obliged as a consequence of a written election made before March 28, 1988 to make the repayment, or other than the portion of that total that is deductible under paragraph 8(1)(m) or paragraph 60(j.03) in computing the taxpayer’s income for the year, and (ii) the total of all amounts each of which is an amount paid out of or under a registered pension plan as part of a series of periodic payments and included under subsection 56(1) in computing the taxpayer’s income for the year, other than the portion of that total that can reasonably be considered to have been designated by the taxpayer for the purpose of paragraph 60(j.2); (i) the total of all amounts each of which is an amount paid in the year or a preceding taxation year by the taxpayer to a registered pension plan that was not deductible in computing the taxpayer’s income for a preceding taxation year and that was paid as (A) a repayment under a prescribed statutory provision of an amount received from the plan that was included under subsection 56(1) in computing the taxpayer’s income for a taxation year ending before 1990, or (B) interest in respect of a repayment referred to in subparagraph (A), (ii) the total of all amounts each of which is an amount paid out of or under a registered pension plan as part of a series of periodic payments and included under subsection 56(1) in computing the taxpayer’s income for the year, other than the portion of that total that can reasonably be considered to have been designated by the taxpayer for the purpose of paragraph 60(j.2). (B) interest in respect of a repayment referred to in clause 60(j.03)(i)(A), and (ii) the amount, if any, by which $3,500 exceeds the amount deducted under paragraph 8(1)(m) in computing the taxpayer’s income for the year; (j.04) the total of all amounts each of which is an amount paid in the year by the taxpayer to a registered pension plan as (i) a repayment under a prescribed statutory provision of an amount received from the plan that (A) was included under subsection 56(1) in computing the taxpayer’s income for a taxation year ending after 1989, and (B) can reasonably be considered not to have been designated by the taxpayer for the purpose of paragraph 60(j.2), or except to the extent that the total was deductible under paragraph 8(1)(m) in computing the taxpayer’s income for the year; (j.1) such part of the total of all amounts each of which is an amount paid to the taxpayer by an employer, or under a retirement compensation arrangement to which the employer has contributed, as a retiring allowance and included in computing the taxpayer’s income for the year by virtue of subparagraph 56(1)(a)(ii) or paragraph 56(1)(x) as (i) is designated by the taxpayer in the taxpayer’s return of income under this Part for the year, (ii) does not exceed the amount, if any, by which the total of (A) $2,000 multiplied by the number of years before 1996 during which the employee or former employee in respect of whom the payment was made (in this paragraph referred to as the “retiree”) was employed by the employer or a person related to the employer, and (B) $1,500 multiplied by the number by which the number of years before 1989 described in clause 60(j.1)(ii)(A) exceeds the number that can reasonably be regarded as the equivalent number of years before 1989 in respect of which SUBDIVISION E Deductions in Computing Income employer contributions under either a pension plan or a deferred profit sharing plan of the employer or a person related to the employer had vested in the retiree at the time of the payment exceeds the total of (C) all amounts deducted under this paragraph in respect of amounts paid before the year in respect of the retiree (i) by the employer or a person related to the employer, or (ii) under a retirement compensation arrangement to which the employer or a person related to the employer has contributed, (C.1) all other amounts deducted under this paragraph for the year in respect of amounts paid in the year in respect of the retiree (i) by a person related to the employer, or (ii) under a retirement compensation arrangement to which a person related to the employer has contributed, and (D) all amounts deducted under paragraph 60(t) in computing the retiree’s income for the year in respect of a retirement compensation arrangement to which the employer or a person related to the employer has contributed, and (iii) does not exceed the total of all amounts each of which is an amount paid by the taxpayer in the year or within 60 days after the end of the year in respect of the amount so designated (A) as a contribution to or under a registered pension plan, other than the portion thereof deductible under paragraph 60(j) or 8(1)(m) in computing the taxpayer’s income for the year, or (B) as a premium (within the meaning assigned by section 146) under a registered retirement savings plan under which the taxpayer is the annuitant (within the meaning assigned by section 146), other than the portion thereof that has been designated for the purposes of paragraph 60(j) or 60(l), to the extent that it was not deducted in computing the taxpayer’s income for a preceding taxation year and for the purposes of this paragraph, person related to the employer includes SUBDIVISION E Deductions in Computing Income (iv) any person whose business was acquired or continued by the employer, and (v) a previous employer of the retiree whose service therewith is recognized in determining the retiree’s pension benefits; (j.2) for taxation years ending after 1988 and before 1995, such part of the total of all amounts (other than amounts paid out of or under a registered retirement savings plan or a registered retirement income fund that by reason of section 254 are considered to be amounts paid out of or under a registered pension plan) paid on a periodic basis out of or under a registered pension plan or a deferred profit sharing plan and included, by reason of subsection 56(1), in computing the taxpayer’s income for the year as (i) is designated by the taxpayer in the taxpayer’s return of income under this Part for the year, and (ii) does not exceed the least of (B) the amount, if any, by which that total exceeds the part of that total designated for the year for the purposes of paragraph 60(j) of this Act or deducted under paragraph 60(k) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, in computing the taxpayer’s income for the year, and (C) the total of all amounts each of which is paid by the taxpayer in the year or within 60 days after the end of the year as a premium (within the meaning assigned by subsection 146(1)) under a registered retirement savings plan under which the taxpayer’s spouse or common-law partner (or, where the taxpayer died in the year or within 60 days after the end of the year, an individual who was the taxpayer’s spouse or common-law partner immediately before the death) is the annuitant (within the meaning assigned by subsection 146(1)), to the extent that the amount was not deducted in computing the taxpayer’s income for a preceding taxation year; (l) the total of all amounts each of which is an amount paid by or on behalf of the taxpayer in the year or within 60 days after the end of the year (or within such longer period after the end of the year as is acceptable to the Minister) (i) as a premium under a registered retirement savings plan under which the taxpayer is the annuitant, (ii) to acquire, from a person licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada an annuities business, an annuity (A) under which the taxpayer is the annuitant (I) for the taxpayer’s life, or for the lives jointly of the taxpayer and the taxpayer’s spouse or common-law partner either without a guaranteed period, or with a guaranteed period that is not greater than 90 years minus the lesser of the age in whole years of the taxpayer and the age in whole years of the taxpayer’s spouse or common-law partner at the time the annuity was acquired, or (II) for a term equal to 90 years minus the age in whole years of the taxpayer or the age in whole years of the taxpayer’s spouse or common-law partner, at the time the annuity was acquired, or (B) under which the taxpayer is the annuitant for a term not exceeding 18 years minus the age in whole years of the taxpayer at the time the annuity was acquired that does not provide for any payment thereunder except (C) the single payment by or on behalf of the taxpayer, (I) beginning not later than one year after the date of the payment referred to in clause 60(l)(ii)(C), and (II) each of which is equal to all other such payments or not equal to all other such payments solely because of an adjustment that would, if the annuity were an annuity under a retirement savings plan, be in accordance with subparagraphs 146(3)(b)(iii) to 146(3)(b)(v), and (E) payments in full or partial commutation of the annuity and, where the commutation is partial, (II) annual or more frequent periodic payments thereafter that are not equal solely because of an adjustment that would, if the annuity were an annuity under a retirement savings plan, be in accordance with subparagraphs 146(3)(b)(iii) to 146(3)(b)(v); (iii) to a carrier as consideration for a registered retirement income fund under which the taxpayer is the annuitant where that total (iv) is designated by the taxpayer in the taxpayer’s return of income under this Part for the year, (v) does not exceed the total of (A) the amount included in computing the taxpayer’s income for the year as a refund of premiums out of or under a registered retirement savings plan under which the taxpayer’s spouse or common-law partner was the annuitant, (A.1) the amount included in computing the taxpayer’s income for the year as a payment (other than a payment that is part of a series of periodic payments) received by the taxpayer out of or under a pooled registered pension plan as a consequence of the death of an individual who was, immediately before the death, a spouse or common-law partner of the taxpayer, (A.2) the amount included by subsection 146.5(3) in computing the taxpayer’s income for the year as a payment received by the taxpayer as a consequence of the death of an individual who was (I) immediately before the death, the spouse or common-law partner of the taxpayer, or (II) a parent or grandparent of the taxpayer, if, immediately before the death, the taxpayer was financially dependent on the individual for support because of mental or physical infirmity, (B) the amount included in computing the taxpayer’s income for the year as a refund of premiums out of or under a registered retirement savings plan where the taxpayer was dependent by reason of physical or mental infirmity on the annuitant under the plan, (B.01) the amount included in computing the taxpayer’s income for the year as a payment (other than a payment that is part of a series of periodic payments or that relates to an actuarial surplus) received by the taxpayer out of or under a pooled registered pension plan, a registered pension plan or a specified pension plan as a consequence of the death of an individual of whom the taxpayer was a child or grandchild, if the taxpayer was, immediately before the death, financially dependent on the individual for support because of mental or physical infirmity, (I) the amount paid by or on behalf of the taxpayer to acquire an annuity that would be described in subparagraph 60(l)(ii) if that subparagraph were read without reference to clause (A) thereof, (II) the amount (other than any portion of it that is included in the amount determined under clause (B), (B.01) or (B.2)) that is included in computing the taxpayer’s income for the year as
Income Tax PART I Income Tax DIVISION B Computation of Income
as a consequence of the death of an individual of whom the taxpayer is a child or grandchild, and (III) the amount, if any, by which the amount determined for the year under subclause 60(l)(v)(B.1)(II) in respect of the taxpayer exceeds the amount, if any, by which
Subsection (23) applies if A × B/C where --- Impôt sur le revenu
SUBDIVISION E Deductions in Computing Income
(B.2) all eligible amounts of the taxpayer for the year in respect of registered retirement income funds (within the meaning assigned by subsection 146.3(6.11)), and where the amount is paid by a direct transfer from the issuer of a registered retirement savings plan or a carrier of a registered retirement income fund, (C) the amount included in computing the taxpayer’s income for the year as a consequence of a payment described in subparagraph 146(2)(b)(ii), and (D) the amount, if any, by which (I) the amount received by the taxpayer out of or under a registered retirement income fund under which the taxpayer is the annuitant and included because of subsection 146.3(5) in computing the taxpayer’s income for the year (II) the amount, if any, by which the minimum amount (within the meaning assigned by subsection 146.3(1)) under the fund for the year exceeds the total of all amounts received out of or under the fund in the year by an individual who was an annuitant under the fund before the taxpayer became the annuitant under the fund and that were included because of subsection 146.3(5) in computing that individual’s income for the year, and (vi) was not deducted in computing the taxpayer’s income for a preceding taxation year; (m) such amount in respect of payments to a registered disability savings plan as is permitted under section 60.02; (m.1) that proportion of any superannuation or pension benefit, death benefit, benefit under a registered retirement savings plan, benefit under a deferred profit sharing plan or benefit that is a payment under an income-averaging annuity contract, received by the taxpayer in the year, or on or after the death of a predecessor, in payment of or on account of property to which the taxpayer is the successor, that (i) such part of any succession duties payable under a law of a province in respect of the death of the predecessor as may reasonably be regarded as attributable to the property in payment of or on account of which the benefit was so received, is of (ii) the value of the property in payment of or on account of which the benefit was so received, as computed for the purposes of the law referred to in subparagraph 60(m.1)(i); (n) any amount paid by the taxpayer in the year as a repayment (otherwise than because of Part VII of the Employment Insurance Act or section 8 of the Canada Recovery Benefits Act) of any of the following amounts to the extent that the amount was included in computing the taxpayer’s income, and not deducted in computing the taxpayer’s taxable income, for the year or for a preceding taxation year, namely, (i) a pension described in clause 56(1)(a)(i)(A), (iii) an amount described in subparagraph 56(1)(a)(ii), (iv) a benefit described in subparagraph 56(1)(a)(iv), (vi) an amount described in paragraph 56(1)(r); (n.1) an amount paid by the taxpayer in the year to a pooled registered pension plan or registered pension plan if (i) the taxpayer is an individual, (ii) the amount is paid as (A) a repayment of an amount received from the plan that was included in computing the (i) it is reasonable to consider that the amount was paid under the plan as a consequence of an error and not as an entitlement to benefits, or (ii) it was subsequently determined that, as a consequence of a settlement of a dispute in respect of the taxpayer’s employment, the taxpayer was not entitled to the amount, or (B) interest in respect of a repayment described in clause (A), and (iii) no portion of the amount is deductible under any of paragraph 8(1)(m) and subsections 146(5) to (5.2) in computing the taxpayer’s income for the year; Amounts repaid in subsequent years (n.2) any amount paid by the taxpayer in a year (in this paragraph referred to as the “subsequent year”) that is after the year as a repayment of an amount that was included in computing the taxpayer’s income for the year under any of subparagraphs 56(1)(a)(i), (ii), (iv), (vi) or (vii) or paragraph 56(1)(r), to the extent that the amount paid (ii) is not deducted in computing the taxpayer’s taxable income for any other taxation year; (o) amounts paid by the taxpayer in the year in respect of fees or expenses incurred in preparing, instituting or prosecuting an objection to, or an appeal in relation to, (i) an assessment of tax, interest or penalties under this Act or an Act of a province that imposes a tax similar to the tax imposed under this Act, (ii) a decision of the Canada Employment Insurance Commission under the Employment Insurance Act or to an appeal of such a decision to the Social Security Tribunal, (iii) an assessment of any income tax deductible by the taxpayer under section 126 or any interest or penalty with respect thereto, or SUBDIVISION E Deductions in Computing Income (iv) an assessment or a decision made under the Canada Pension Plan or a provincial pension plan as defined in section 3 of that Act; (o.1) the amount, if any, by which the lesser of (i) the total of all legal expenses (other than those relating to a division or settlement of property arising out of, or on a breakdown of, a marriage or common-law partnership) paid by the taxpayer in the year or in any of the 7 preceding taxation years to collect or establish a right to an amount of (A) a benefit under a pension fund or plan (other than a benefit under the Canada Pension Plan or a provincial pension plan as defined in section 3 of that Act) in respect of the employment of the taxpayer or a deceased individual of whom the taxpayer was a dependant, relation or legal representative, or (B) a retiring allowance of the taxpayer or a deceased individual of whom the taxpayer was a dependant, relation or legal representative, and (ii) the amount, if any, by which the total of all amounts each of which is (A) an amount described in clause 60(o.1)(i)(A) or 60(o.1)(i)(B) (I) that is received after 1985, (II) in respect of which legal expenses described in subparagraph 60(o.1)(i) were paid, and (III) that is included in computing the income of the taxpayer for the year or a preceding taxation year, or (B) an amount included in computing the income of the taxpayer under paragraph 56(1)(a) for the year or a preceding taxation year, exceeds the total of all amounts each of which is an amount deducted under paragraph 60(g), 60(i), 60(j.1) or 60(o.1) in computing the income of the taxpayer for the year or a preceding taxation year, to the extent that the amount may reasonably be considered to have been deductible as a consequence of the receipt of an amount referred to in clause 60(o.1)(ii)(A), SUBDIVISION E Deductions in Computing Income (iii) the portion of the total described in subparagraph 60(i.1)(i) in respect of the taxpayer that may reasonably be considered to have been deductible under this paragraph in computing the income of the taxpayer for a preceding taxation year; (p) the total of all amounts each of which is an amount paid in the taxation year as a repayment under the Apprenticeship Incentive Grant program or the Apprenticeship Completion Grant program of an amount that was included under paragraph 56(1)(n.1) in computing the taxpayer’s income for the taxation year or a preceding taxation year; (q) where the taxpayer is an individual, an amount paid by the taxpayer in the year to a person with whom the taxpayer was dealing at arm’s length (in this paragraph referred to as the “payer”) if (i) the amount has been included in computing the income of the taxpayer for the year or a preceding taxation year as an amount described in subparagraph 56(1)(n)(i) or paragraph 56(1)(o) paid to the taxpayer by the payer, (ii) at the time the amount was paid by the payer to the taxpayer a condition was stipulated for the taxpayer to fulfil, (iii) as a result of the failure of the taxpayer to fulfil the condition referred to in subparagraph 60(q)(ii) the taxpayer was required to repay the amount to the payer, (iv) during the period for which the amount referred to in subparagraph 60(q)(i) was paid the taxpayer did not provide other than occasional services to the payer as an officer or under a contract of employment, and (v) the amount was paid to the taxpayer for the purpose of enabling the taxpayer to further the taxpayer’s education; Repayment of policy loan (s) the total of all repayments made by the taxpayer in the year in respect of a policy loan (within the meaning assigned by subsection 148(9)) made under a life insurance policy, not exceeding the amount, if any, by which SUBDIVISION E Deductions in Computing Income (i) the total of all amounts required by subsection 148(1) to be included in computing the taxpayer’s income for the year or a preceding taxation year from a disposition described in paragraph (b) of the definition disposition in subsection 148(9) in respect of that policy (ii) the total of all repayments made by the taxpayer in respect of the policy loan that were deductible in computing the taxpayer’s income for a preceding taxation year; (t) where an amount in respect of a particular retirement compensation arrangement is required by paragraph 56(1)(x) or 56(1)(z) or subsection 70(2) to be included in computing the taxpayer’s income for the year, an amount equal to the lesser of (i) the total of all amounts in respect of the particular arrangement so required to be included in computing the taxpayer’s income for the year, and (ii) the amount, if any, by which the total of all amounts each of which is (A) an amount (other than an amount deductible under paragraph 8(1)(m.2) or transferred to the particular arrangement under circumstances in which subsection 207.6(7) applies) contributed under the particular arrangement by the taxpayer while it was a retirement compensation arrangement and before the end of the year, (A.1) an amount transferred in respect of the taxpayer before the end of the year to the particular arrangement from another retirement compensation arrangement under circumstances in which subsection 207.6(7) applies, to the extent that the amount would have been deductible under this paragraph in respect of the other arrangement in computing the taxpayer’s income if it had been received by the taxpayer out of the other arrangement, (B) an amount paid by the taxpayer before the end of the year and at a time when the taxpayer was resident in Canada to acquire an interest in the particular arrangement, or (C) an amount that was received or became receivable by the taxpayer before the end of the year and at a time when the taxpayer was resident in Canada as proceeds from the disposition of an interest in the particular arrangement, exceeds the total of all amounts each of which is (D) an amount deducted under this paragraph or paragraph 60(u) in respect of the particular arrangement in computing the taxpayer’s income for a preceding taxation year, or (E) an amount transferred in respect of the taxpayer before the end of the year from the particular arrangement to another retirement compensation arrangement under circumstances in which subsection 207.6(7) applies, to the extent that the amount would have been deductible under this paragraph in respect of the particular arrangement in computing the taxpayer’s income if it had been received by the taxpayer out of the particular arrangement; (u) where an amount in respect of a particular retirement compensation arrangement is required by paragraph 56(1)(y) to be included in computing the taxpayer’s income for the year, an amount equal to the lesser of (i) the total of all amounts in respect of the particular arrangement so required to be included in computing the taxpayer’s income for the year, and (ii) the amount, if any, by which the total of all amounts each of which is (A) an amount (other than an amount deductible under paragraph 8(1)(m.2) or transferred to the particular arrangement under circumstances in which subsection 207.6(7) applies) contributed under the particular arrangement by the taxpayer while it was a retirement compensation arrangement and before the end of the year, (A.1) an amount transferred in respect of the taxpayer before the end of the year to the particular arrangement from another retirement compensation arrangement under circumstances in which subsection 207.6(7) applies, to the extent that the amount would have been deductible under paragraph 60(t) in respect of the other arrangement in computing the taxpayer’s income if it had been received by the taxpayer out of the other arrangement, (B) an amount paid by the taxpayer before the end of the year and at a time when the taxpayer was resident in Canada to acquire an interest in the particular arrangement exceeds the total of all amounts each of which is (C) an amount deducted under paragraph 60(t) in respect of the particular arrangement in computing the taxpayer’s income for the year or a preceding taxation year, (D) an amount deducted under this paragraph in respect of the particular arrangement in computing the taxpayer’s income for a preceding taxation year, or (E) an amount transferred in respect of the taxpayer before the end of the year from the particular arrangement to another retirement compensation arrangement under circumstances in which subsection 207.6(7) applies, to the extent that the amount would have been deductible under paragraph 60(t) in respect of the particular arrangement in computing the taxpayer’s income if it had been received by the taxpayer out of the particular arrangement. Repayment — parents of victims of crime (v) the total of all amounts each of which is an amount paid in the year as a repayment of a benefit that was included because of paragraph 56(1)(a.3) in computing the taxpayer’s income for the year or a preceding taxation year; (v.1) any benefit repayment payable by the taxpayer under Part VII of the Employment Insurance Act on or before April 30 of the following year, to the extent that the amount was not deductible in computing the taxpayer’s income for any preceding taxation year; Canada Recovery Benefit Repayment (v.2) any benefit repayment payable by the taxpayer under section 8 of the Canada Recovery Benefits Act on or before the taxpayer’s balance-due day for the taxation year, to the extent that the amount was not deductible in computing the taxpayer’s income for any preceding taxation year; (v.3) any benefit repaid by the taxpayer before 2023 to the extent that the amount of the benefit was included in computing the taxpayer’s income for the year under any of clauses 56(1)(r)(i)(A) to (D), except to the extent that the amount is (i) deducted in computing the taxpayer's income for any year under paragraph (n), or (ii) deductible in computing the taxpayer's income for any year under paragraph (v.2); Tax under Part I.2 (w) the amount of the taxpayer's tax payable under Part I.2 for the year; Repayment under Canada Education Savings Act (x) the total of all amounts each of which is an amount paid by the taxpayer in the year as a repayment, under the Canada Education Savings Act or under a designated provincial program (as defined in subsection 146.1(1)), of an amount that was included because of subsection 146.1(7) in computing the taxpayer's income for the year or a preceding taxation year; (y) the total of all amounts each of which is an amount paid in the taxation year as a repayment, under the Universal Child Care Benefit Act, of a benefit that was included because of subsection 56(6) in computing the taxpayer's income for the taxation year or a preceding taxation year; Repayment under the Canada Disability Savings Act (z) the total of all amounts each of which is an amount paid in the taxation year as a repayment, under the Canada Disability Savings Act or a designated provincial program as defined in subsection 146.4(1), of an amount that was included because of section 146.4 in computing the taxpayer's income for the taxation year or a preceding taxation year; and Tax informant program (z.1) the total of all amounts each of which is an amount paid in the year as a repayment of an amount that was included, because of paragraph 56(1)(z.4), in computing the taxpayer's income for the year or a preceding taxation year. SUBDIVISION E Deductions in Computing Income
(a) the amount of any payment received by a taxpayer in a taxation year out of or under a foreign retirement arrangement and included in computing the taxpayer’s income because of clause 56(1)(a)(i)(C.1) (other than any portion thereof that is included in respect of the taxpayer for the year under subparagraph 60(j)(i) or that is part of a series of periodic payments) (b) the portion, if any, of the payment included under paragraph 60.01(a) that can reasonably be considered to derive from contributions to the foreign retirement arrangement made by a person other than the taxpayer or the taxpayer’s spouse or common-law partner or former spouse or common-law partner, is an eligible amount in respect of the taxpayer for the year.
(a) immediately before the death of the deceased individual, the taxpayer SUBDIVISION E Deductions in Computing Income (i) was both a spouse or common-law partner of the deceased individual and mentally infirm, or (ii) was both a child or grandchild of the deceased individual and dependent on the deceased individual for support because of mental infirmity; and (b) the trust is, at the particular time, a personal trust under which (i) no person other than the taxpayer may receive or otherwise obtain the use of, during the taxpayer’s lifetime, any of the income or capital of the trust, and (A) are empowered to pay amounts from the trust to the taxpayer, and (B) are required — in determining whether to pay, or not to pay, an amount to the taxpayer — to consider the needs of the taxpayer including, without limiting the generality of the foregoing, the comfort, care and maintenance of the taxpayer. Meaning of qualifying trust annuity
(vi) il est raisonnable de considérer que le principal objet de la série d’opérations ou d’événements, ou d’une opération de la série, qui comprend la disposition d’une fraction de la position donnée et la détention d’une ou de plusieurs positions, consiste à éviter, à réduire ou à reporter l’impôt qui serait par ailleurs payable sous le régime de la présente loi. Années d’imposition différentes
Each of the following is a qualifying trust annuity with respect to a taxpayer: (a) an annuity that meets the following conditions: (i) it is acquired after 2005, (ii) the annuitant under it is a trust that is, at the time the annuity is acquired, a lifetime benefit trust with respect to the taxpayer and the estate of a deceased individual, (iii) it is for the life of the taxpayer (with or without a guaranteed period), or for a fixed term equal to 90 years minus the age in whole years of the taxpayer at the time it is acquired, and (iv) if it is with a guaranteed period or for a fixed term, it requires that, in the event of the death of the taxpayer during the guaranteed period or fixed term, any amounts that would otherwise be payable after the death of the taxpayer be commuted into a single payment; (b) an annuity that meets the following conditions: (i) it is acquired after 1988, (ii) the annuitant under it is a trust under which the taxpayer is the sole person beneficially interested (determined without regard to any right of a person to receive an amount from the trust only on or after the death of the taxpayer) in amounts payable under the annuity, (iii) it is for a fixed term not exceeding 18 years minus the age in whole years of the taxpayer at the time it is acquired, and (iv) if it is acquired after 2005, it requires that, in the event of the death of the taxpayer during the fixed term, any amounts that would otherwise be payable after the death of the taxpayer be commuted into a single payment; and (c) an annuity that meets the following conditions: (i) it is acquired (A) after 2000 and before 2005 at a time at which the taxpayer was mentally or physically infirm, or (B) in 2005 at a time at which the taxpayer was mentally infirm, (ii) the annuitant under it is a trust under which the taxpayer is the sole person beneficially interested (determined without regard to any right of a person to receive an amount from the trust only on or after the death of the taxpayer) in amounts payable under the annuity; and (iii) it is for the life of the taxpayer (with or without a guaranteed period), or for a fixed term equal to 90 years minus the age in whole years of the taxpayer at the time it is acquired. Application of paragraph 60(l) to qualifying trust annuity (a) in determining if a qualifying trust annuity with respect to a taxpayer is an annuity described in subparagraph 60(l)(ii), clauses 60(l)(ii)(A) and (B) are to be read without regard to their requirement that the taxpayer be the annuitant under the annuity; and (b) if an amount paid to acquire a qualifying trust annuity with respect to a taxpayer would, if this Act were read without reference to this subsection, not be considered to have been paid by or on behalf of the taxpayer, the amount is deemed to have been paid on behalf of the taxpayer where (i) it is paid (A) by the estate of a deceased individual who was, immediately before death, (I) a spouse or common-law partner of the taxpayer, or (II) a parent or grandparent of the taxpayer on whom the taxpayer was dependent for support, or (B) by the trust that is the annuitant under the qualifying trust annuity, and (ii) it would, if it had been paid by the taxpayer, be deductible under paragraph 60(l) in computing the taxpayer’s income for a taxation year and the taxpayer elects, in the taxpayer’s return of income under this Act for that taxation year, to have this paragraph apply to the amount. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2013, c. 34, s. 197.
Le paragraphe (23) s’applique si les énoncés ci-après se vérifient : a) au cours d’une année d’imposition donnée d’un cédant, une position mentionnée à l’un des sous-alinéas (ii) à (iv) de l’élément D de la définition de position de gain au paragraphe (19) (appelée « position de gain » au présent paragraphe et au paragraphe (23)) est détenue par une personne rattachée; b) la personne rattachée dispose de la position de gain au cours de l’année donnée; c) l’année d’imposition de la personne rattachée au cours de laquelle la disposition mentionnée à l’alinéa b) se produit se termine après la fin de l’année d’imposition donnée. Années d’imposition différentes
eligible individual means a child or grandchild of a deceased annuitant under a registered retirement savings plan or a registered retirement income fund, or of a deceased member of a pooled registered pension plan, a registered pension plan or a specified pension plan, who was financially dependent on the deceased for support, at the time of the deceased’s death, by reason of mental or physical infirmity. (particulier admissible) eligible proceeds means an amount (other than an amount that was deducted under paragraph 60(l) in computing the eligible individual’s income) received by an eligible individual as a consequence of the death after March 3, 2010 of a parent or grandparent of the eligible individual that is (a) is made to a registered disability savings plan under which the eligible individual is the beneficiary; (b) complies with the conditions set out in paragraphs 146.4(4)(f) to (h); (c) is made after June 2011; (d) has been designated in prescribed form for a taxation year by the holder of the plan and the eligible individual at the time that the payment is made; and (e) if the eligible individual is not a DTC-eligible individual (as defined in subsection 146.4(1)), is made not later than the end of the fourth taxation year following the first taxation year throughout which the beneficiary is not a DTC-eligible individual. (paiement de REEI déterminé) transitional eligible proceeds of a taxpayer means (a) any amount (other than an amount that is eligible proceeds or an amount that was deducted under paragraph 60(l) in computing the taxpayer’s income) that is received by the taxpayer as a consequence of the death of an individual after 2007 and before 2011 out of or under (ii) a registered pension plan (other than an amount that is received as part of a series of periodic payments or that relates to an actuarial surplus); or (b) an amount withdrawn from the taxpayer’s registered retirement savings plan or a registered retirement income fund (in this subsection referred to as the “RRSP withdrawal”) if (i) the taxpayer previously deducted an amount under paragraph 60(l) in respect of an amount that would be described by paragraph (a) if it were read without reference to “other than an amount that is eligible proceeds or an amount that was deducted under paragraph 60(l) in computing the taxpayer’s income”, (ii) the RRSP withdrawal is included in computing the taxpayer’s income for the year of the withdrawal, and Rollover to RDSP on death
Si le présent paragraphe s’applique, la fraction du bénéfice éventuel provenant de la disposition de la position de gain mentionnée à l’alinéa (22)b) qui est déterminée par la formule ci-après est réputée, aux fins de la définition de bénéfice non constaté au paragraphe (17) et au paragraphe (19), être un bénéfice non constaté relativement à la position de gain jusqu’à la fin de l’année d’imposition de la personne rattachée au cours de laquelle la disposition se produit : A × B/C où : A représente le montant du bénéfice qui est déterminé par ailleurs; B le nombre de jours de cette année d’imposition de la personne rattachée qui sont postérieurs à la fin de l’année d’imposition donnée; Income Tax PART I Income Tax DIVISION B Computation of Income Sections 18-18.1 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 18; 1994, c. 7, Sch. II, s. 2; 1995, c. 21, s. 5; 1998, c. 21, ss. 13, 15; 1999, c. 22, s. 5; 2001, c. 17, ss. 56, 57, c. 24, s. 6; 2002, c. 9, ss. 13, 30 and 79(2), c. 19, s. 5; 2003, c. 15, s. 26; 2004, c. 22, ss. 16(7), 20(1), c. 33, s. 11; 2004, c. 26, s. 12, c. 28, s. 5; 2011, c. 24, s. 2; 2014, c. 39, s. 51; 2017, c. 33, s. 2; 2022, c. 3, ss. 55, 56, 178, 427, c. 8, s. 60; 2024, c. 5, s. 10; 2016, c. 12, s. 2; 2020, c. 23, s. 32; 2023, c. 5, s. 202; c. 17, ss. 6, 9, 2024, c. 5, s. 114; 2024, c. 17, s. 98; 2024, c. 17, s. 111.] Definitions Impôt sur le revenu
There may be deducted in computing the income for a taxation year of a taxpayer who is an eligible individual an amount that (a) does not exceed the lesser of (i) the total specified RDSP payments made in the year or within 60 days after the end of the year (or within any longer period after the end of the year that is acceptable to the Minister) in respect of the taxpayer; and (ii) the total amount of eligible proceeds that is included in computing the taxpayer’s income in the year; and (b) was not deducted in computing the taxpayer’s income for a preceding taxation year. (a) a taxpayer who was the annuitant under a registered retirement savings plan or a registered retirement income fund or was a member of a registered pension plan died after 2007 and before 2011; (b) the taxpayer was, immediately before the taxpayer’s death, the parent or grandparent of an eligible individual; (c) transitional eligible proceeds were received from the plan or fund by (i) an eligible individual in respect of the taxpayer, (ii) a person who was the spouse or common-law partner of the taxpayer immediately before the taxpayer’s death, or (iii) a person who is a beneficiary of the taxpayer’s estate or who directly received transitional eligible proceeds as a consequence of the death of the taxpayer; and (d) the transitional eligible proceeds were included in computing the income of a person for a taxation year. Transitional rule
There may be deducted in computing the income of a taxpayer described in paragraph (3)(c) for a taxation year an amount approved by the Minister that does not exceed the lesser of (a) the total specified RDSP payments made by the taxpayer before 2012, and (b) the amount of transitional eligible proceeds included in computing the taxpayer’s income for the year. Transitional rule — deceased taxpayer
There may be deducted in computing the income of a taxpayer for the taxation year in which the taxpayer died an amount approved by the Minister that does not exceed the lesser of (a) the total specified RDSP payments made before 2012 by an individual described in subparagraph (3)(c)(iii), and (b) the amount by which the total of all amounts that were included in computing the taxpayer’s income for the year under subsection 146.8(8.8) or 146.3(6.6) exceeds the total of all amounts, if any, that were deducted in computing the taxpayer’s income for the year under subsection 146.8(9.2) or 146.3(6.3).
The total amounts that may be deducted under subsections (4) and (5) in respect of transitional eligible proceeds received in respect of the death of a taxpayer shall not exceed the total transitional eligible proceeds received in respect of the deceased taxpayer.
c le nombre de jours de cette année d’imposition de la personne rattachée. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés : L.R. (1985), ch. 1 (5e suppl.), art. 18; 1994, ch. 7, ann. II, art. 2; 1995, ch. 21, art. 5; 1998, ch. 21, art. 13 et 15; 1999, ch. 22, art. 5; 2001, ch. 17, art. 56 et 57, ch. 24, art. 6; 2002, ch. 9, art. 13, 30 et 79(2), ch. 19, art. 5; 2003, ch. 15, art. 26; 2004, ch. 22, art. 16(7) et 20(1), ch. 33, art. 11; 2004, ch. 26, art. 12, ch. 28, art. 5; 2011, ch. 24, art. 2; 2014, ch. 39, art. 51; 2017, ch. 33, art. 2; 2022, ch. 3, art. 55, 56, 178, 427, ch. 8, art. 60; 2024, ch. 5, art. 10; 2016, ch. 12, art. 2; 2020, ch. 23, art. 32; 2023, ch. 5, art. 202; ch. 17, art. 6, 9, 2024, ch. 5, art. 114; 2024, ch. 17, art. 98; 2024, ch. 17, art. 111.] Définitions
(B.2) the total of all amounts each of which is (I) the taxpayer’s eligible amount (within the meaning assigned by subsection 146.3(6.11)) for the year in respect of a registered retirement income fund, Restriction (II) the taxpayer's eligible RRIF withdrawal amount (within the meaning assigned by subsection 60.021(2)) for the year in respect of a registered retirement income fund, or (III) the taxpayer's eligible variable benefit withdrawal amount (within the meaning assigned by subsection 60.021(3)) for the year in respect of an account of the taxpayer under a money purchase provision of a registered pension plan,
abri fiscal Bien qui serait un abri fiscal au sens du paragraphe 237.1(1) si, à la fois : a) le coût d’un droit aux produits correspondant au total des montants représentant chacun une dépense à rattacher à laquelle le droit se rapporte; b) les paragraphes (2) à (13) ne s’appliquaient pas au calcul du montant ou, dans le cas d’une société de personnes, d’une perte qui est annoncée comme étant déductible. (tax shelter) avantage fiscal Réduction, évitement ou report d’un impôt ou d’un autre montant payable en vertu de la présente loi ou augmentation d’un remboursement d’impôt ou d’autre montant accordé en vertu de cette loi. (tax benefit) contribuable Sont assimilées aux contribuables les sociétés de personnes. (taxpayer) dépense à rattacher Le montant d’une dépense effectuée par un contribuable en vue, selon le cas : a) d’acquérir un droit aux produits; b) de remplir un engagement ou une obligation découlant de circonstances où il est raisonnable de conclure à l’existence d’un lien entre l’engagement ou l’obligation et un droit aux produits; c) de conserver ou de protéger un droit aux produits. Ne sont pas des dépenses à rattacher les sommes déductibles en application de l’article 20 dans le calcul du revenu du contribuable. (matchable expenditure) droit aux produits Droit, immédiat ou futur et conditionnel ou non, d’un contribuable de recevoir un montant, se rapportant aux activités, biens ou entreprises d’un autre contribuable, qui est calculé en tout ou en partie en fonction de l’utilisation d’un bien, de la production, Income Tax PART I Income Tax DIVISION B Computation of Income
A taxpayer's eligible RRIF withdrawal amount for a taxation year in respect of a registered retirement income fund under which the taxpayer is the annuitant at the beginning of the taxation year is (a) except where paragraph (b) applies, the amount determined by the formula A is the lesser of (i) the total of all amounts included, because of subsection 146.3(5), in computing the income of the taxpayer for the taxation year in respect of amounts received out of or under the fund (other than an amount paid by direct transfer from the fund to another fund or to a registered retirement savings plan), and (ii) the amount that would, in the absence of subsection 146.3(1.1), be the minimum amount under the fund for the taxation year, and B is the minimum amount under the fund for the taxation year; and (b) if the taxpayer attained 70 years of age in 2007, nil.
(abri fiscal) Limitation on the deductibility of matchable expenditure Deduction of matchable expenditure (a) the total of (i) the lesser of (A) 1/5 of the matchable expenditure, and (A/B) × C where (b) the total of exceeds Impôt sur le revenu
A taxpayer's eligible variable benefit withdrawal amount for a taxation year in respect of an account of the taxpayer under a money purchase provision of a registered pension plan is the amount determined by the formula A is the lesser of (i) the total of all amounts included, because of subsection 146.3(5), in computing the income of the taxpayer for the taxation year in respect of amounts received out of or under the fund (other than an amount paid by direct transfer from the fund to another fund or to a registered retirement savings plan), and (ii) the amount that would, in the absence of subsection 146.3(1.1), be the minimum amount under the fund for the taxation year, B is the minimum amount under the fund for the taxation year; and C is the total of all amounts received by the taxpayer in the taxation year in respect of the account under the money purchase provision of the registered pension plan. (a) the total of all amounts each of which is the amount of a retirement benefit (other than a retirement benefit permissible under any of paragraphs 8506(1)(a) to (e) of the Regulations) paid from the plan in the taxation year in respect of the account and included, because of paragraph 56(1)(a), in computing the taxpayer’s income for the taxation year, and (b) the amount that would, in the absence of paragraph 8506(7)(b) of the Regulations, be the minimum amount for the account for the taxation year; B is the minimum amount for the account for the taxation year; and C is the total of all contributions made by the taxpayer under the provision and designated for the purposes of subsection 8506(10) of the Regulations. Expressions used in this section
For the purposes of this section, (a) the term “money purchase provision” has the meaning assigned by subsection 147.1(1); (b) the term “retirement benefit” has the meaning assigned by subsection 8500(1) of the Regulations; and (c) the minimum amount for an account of a taxpayer under a money purchase provision of a registered pension plan is the amount determined in accordance with subsection 8506(5) of the Regulations. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2009, c. 2, s. 15.
(B.2) the total of all amounts each of which is (I) the taxpayer’s eligible amount (within the meaning of subsection 146.3(6.11)) for the year in respect of a registered retirement income fund, (II) the taxpayer’s eligible RRIF withdrawal amount (within the meaning of subsection 60.022(2)) for the year in respect of a RRIF, (III) the taxpayer's eligible variable benefit withdrawal amount (within the meaning of subsection 60.022(3)) for the year in respect of an account of the taxpayer under a money purchase provision of a registered pension plan, or (IV) the taxpayer's eligible PRPP withdrawal amount (within the meaning of subsection 60.022(4)) for the year in respect of an account of the taxpayer under a PRPP, Eligible RRIF withdrawal amount
A taxpayer's eligible RRIF withdrawal amount for the taxation year in respect of a RRIF under which the taxpayer is the annuitant at the beginning of the taxation year is the amount determined by the formula A is the lesser of (a) the total of all amounts included, because of subsection 146.3(5), in computing the taxpayer's income for the taxation year in respect of amounts paid out of or under the fund (other than an amount paid by direct transfer from the fund to another fund or to a registered retirement savings plan), and (b) the amount that would be the minimum amount under the fund for the 2015 taxation year if it were determined using the prescribed factors under subsection 7308(3) or (4), as the case may be, of the Income Tax Regulations as they read on December 31, 2014; and B is the minimum amount under the fund for the taxation year. Eligible variable benefit withdrawal amount
(ii) l’excédent éventuel du montant déterminé selon le présent alinéa pour l’année d’imposition précédente relativement à la dépense à rattacher sur le montant de cette dépense qui est déductible dans le calcul du revenu du contribuable pour cette année; b) le total des montants suivants : (i) un montant inclus dans le calcul du revenu du contribuable pour l’année (sauf la partie d’un tel montant qui fait l’objet d’une provision déduite par le contribuable pour l’année en application de la présente loi) au titre du droit aux produits auquel se rapporte la dépense à rattacher, (ii) l’excédent du montant déterminé selon le présent alinéa pour l’année d’imposition précédente relativement à la dépense à rattacher sur le montant de cette dépense qui est déductible dans le calcul du revenu du contribuable pour cette année; c) l’excédent éventuel du total visé au sous-alinéa (i) (i) le total des montants représentant chacun le montant de la dépense à rattacher qui, n’eût été le présent article, aurait été déductible dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure, (ii) le total des montants représentant chacun le montant de la dépense à rattacher qui est déductible en application du paragraphe (3) dans le calcul du revenu du contribuable pour une année d’imposition antérieure. Présomptions
A taxpayer's eligible variable benefit withdrawal amount for a taxation year in respect of an account of the taxpayer under a money purchase provision of a registered pension plan is the amount determined by the formula A is the lesser of (a) the total of all amounts each of which is the amount of a retirement benefit (other than a retirement benefit permissible under any of paragraphs 8506(1)(a) to (e) of the Income Tax Regulations) paid from the plan in the taxation year in SUBDIVISION E Deductions in Computing Income respect of the account and included, because of paragraph 56(1)(a), in computing the taxpayer’s income for the taxation year, and (b) the amount that would be the minimum amount for the account for the 2015 taxation year if it were determined using the factor designated under subsection 7308(4) of the Income Tax Regulations as they read on December 31, 2014; B is the minimum amount for the account for the taxation year; and C is the total of all contributions made by the taxpayer under the provision and designated for the purposes of subsection 8506(12) of the Income Tax Regulations. Eligible PRPP withdrawal amount
Les présomptions suivantes s’appliquent dans le cadre du présent article : a) la dépense à rattacher qu’un contribuable effectue avant d’acquérir le droit aux produits auquel elle se rapporte est réputée avoir été effectuée à la date de cette acquisition; b) lorsqu’un contribuable a un ou plusieurs droits de renouveler un droit aux produits auquel se rapporte une dépense à rattacher, pour une ou plusieurs durées supplémentaires après la durée qui comprend la date d’acquisition du droit aux produits, le droit aux produits est réputé se terminer le dernier jour de ces durées supplémentaires si tous les droits de renouvellement étaient exercés; Arm’s length disposition Non-arm’s length disposition
A taxpayer’s eligible PRPP withdrawal amount for a taxation year in respect of an account of the taxpayer under a PRPP is the amount determined by the formula A is the lesser of (a) the total of all amounts each of which is the amount of a distribution made from the account in the taxation year and included, because of subsection 147.5(13), in computing the taxpayer’s income for the taxation year, and (b) the amount that would be the minimum amount for the account for the 2015 taxation year if it were determined using the factor designated under subsection 7308(4) of the Income Tax Regulations as they read on December 31, 2014; and B is the minimum amount for the account for the taxation year. Expressions used in this section
Subsection 18.1(10) applies where c) lorsqu’un contribuable a plusieurs droits aux produits et qu’il est raisonnable de considérer qu’ils sont liés les uns aux autres, les droits sont réputés être un seul droit; d) le droit aux produits dont la durée est indéterminée est réputé s’éteindre 240 mois après son acquisition. Inclusion du produit de disposition dans le revenu
For the purposes of this section, (a) money purchase provision has the same meaning as in subsection 147.1(1); (b) retirement benefits has the same meaning as in subsection 8500(1) of the Income Tax Regulations; (c) the minimum amount for an account of a taxpayer under a money purchase provision of a registered pension plan is the amount determined under subsection 8506(5) of the Income Tax Regulations; and (d) the minimum amount for an account of a taxpayer under a PRPP is the amount that would be the minimum amount for the calendar year under subsection 8506(5) of the Income Tax Regulations if the taxpayer's account were an account under a money purchase provision of a registered pension plan. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.]; 2015, c. 36, s. 2.
Le produit de la disposition, effectuée par un contribuable au cours d’une année d’imposition, de tout ou partie d’un droit aux produits auquel se rapporte une dépense à rattacher est à inclure dans le calcul du revenu du contribuable pour l’année. Disposition entre personnes sans lien de dépendance
eligible pension income, of an individual for a taxation year, means the total of (a) the eligible pension income (as defined in subsection 118(7)) of the individual for the year, (b) if the individual has attained the age of 65 years before the end of the year, the lesser of (i) the total of all amounts each of which is a payment made in the year to the individual (A) out of or under a retirement compensation arrangement that provides benefits that supplement the benefits provided under a registered pension plan (other than an individual pension plan for the purposes of Part LXXXIII of the Income Tax Regulations), and (B) in respect of a life annuity that is attributable to periods of employment for which benefits are also provided to the individual under the registered pension plan, (ii) the amount, if any, by which the defined benefit limit (as defined in subsection 8500(1) of the Income Tax Regulations) for the year multiplied by 35 exceeds the amount determined under paragraph (a), and (c) the lesser of (i) the total of all amounts received by the individual in the year on account of (A) a retirement income security benefit payable to the individual under Part 2 of the Veterans Well-being Act, or (B) an income replacement benefit payable to the individual under Part 2 of the Veterans Well-being Act, if the amount is determined under subsection 19.1(1), paragraph 23(1)(b) or subsection 26.1(1) of that Act (as modified, where applicable, under Part 5 of that Act), and (ii) the amount, if any, by which the defined benefit limit (as defined in subsection 8500(1) of the Income Tax Regulations) for the year multiplied by 35 exceeds the total of the amounts determined under paragraphs (a) and (b). (revenu de pension déterminé) joint election in respect of a pensioner and a pension transferee for a taxation year means an election made jointly in prescribed form by the pensioner and the pension transferee and filed with the Minister with both the pensioner’s and the pension transferee’s returns of income for the taxation year in respect of which the election is made, on or before their respective filing due dates for the taxation year. (choix conjoint) pensioner for a taxation year means an individual who (a) receives eligible pension income in the taxation year; and (b) is resident in Canada, (i) if the individual dies in the taxation year, at the time that is immediately before the individual’s death, or (ii) in any other case, at the end of the calendar year in which the taxation year ends. (pensionné) pension income has the meaning assigned by section 118. (revenu de pension) pension transferee for a taxation year means an individual who (a) is resident in Canada, (i) if the individual dies in the taxation year, at the time that is immediately before the individual’s death, or (ii) in any other case, at the end of the calendar year in which the taxation year ends; and (b) at any time in the taxation year is married to, or in a common-law partnership with, a pensioner and is not, by reason of the breakdown of their marriage or common-law partnership, living separate and apart from the pensioner at the end of the taxation year and for a period of at least 90 days commencing in the taxation year. (cessionnaire) qualified pension income has the meaning assigned by section 118. (revenu de pension admissible) split-pension amount for a taxation year is the amount elected by a pensioner and a pension transferee in a joint election for the taxation year not exceeding the amount determined by the formula A is the eligible pension income of the pensioner for the taxation year; B is the number of months in the pensioner’s taxation year at any time during which the pensioner was married to, or was in a common-law partnership with, the pension transferee; and
Sous réserve des paragraphes (8) à (10), lorsque, au cours d’une année d’imposition, un contribuable dispose, hors du cadre d’une disposition à laquelle s’appliquent les paragraphes 87(1) ou 88(1), de son droit aux produits auquel se rapporte une dépense à rattacher (à l’exception d’une dépense dont aucune partie ne serait, si ce paragraphe était lu sans tenir compte des paragraphes (7) et (10), déductible au titre de la dépense en application du paragraphe (3) dans le calcul du revenu du contribuable pour l’année), et que le droit du contribuable s’éteint, le montant qui est déductible au titre de la dépense en application du paragraphe (3) dans le calcul du revenu du contribuable pour l’année est réputé être le montant déterminé selon l’alinéa (4)c) pour l’année relativement à la dépense. Disposition entre personnes ayant un lien de dépendance
For the purpose of subsection 118(3), if a pensioner and a pension transferee have made a joint election in a taxation year, (a) the pensioner is deemed not to have received the portion of the pensioner’s pension income, qualified pension income or an amount described in subparagraph (c)(ii) of the definition eligible pension income in subsection (1), as the case may be, for the taxation year that is equal to the amount of the pensioner’s split-pension amount for that taxation year; and (b) the pension transferee is deemed to have received the split-pension amount (i) as pension income, to the extent that the split-pension amount was pension income to the pensioner, (ii) as qualified pension income, to the extent that the split-pension amount was qualified pension income to the pensioner, and (iii) as an amount described in subparagraph (c)(ii) of the definition eligible pension income in subsection (1) to the extent that the split-pension amount was received by the pensioner as an amount described in subparagraph (c)(i) of that definition, if the pension transferee has attained the age of 65 years before the end of the taxation year.
Le paragraphe (10) s’applique dans le cas où les conditions suivantes sont réunies : a) un droit aux produits donné d’un contribuable auquel se rapporte une dépense à rattacher (à l’exception d’une dépense dont aucune partie ne serait déductible en application du paragraphe (3) dans le calcul du revenu du contribuable en l’absence des paragraphes (7) et (10)) s’est éteint ou a fait l’objet d’une disposition par le contribuable hors du cadre d’une disposition à laquelle s’appliquent les paragraphes 87(1) ou 88(1); b) au cours de la période commençant 30 jours avant la disposition ou l’extinction et se terminant 30 jours après cette disposition ou extinction, le contribuable ou une personne qui lui est affiliée ou avec laquelle il a un lien de dépendance acquiert le même droit aux produits ou un droit identique (appelés « bien de remplacement » au présent paragraphe et au paragraphe (10)); Income Tax PART I Income Tax DIVISION B Computation of Income
A pensioner may file only one joint election for a particular taxation year.
Special case
A joint election is invalid if the Minister establishes that a pensioner or a pension transferee has knowingly or under circumstances amounting to gross negligence made a false declaration in the joint election. Support
Subsection 18.1(10) applies where Amount of deduction if non-arm’s length disposition Impôt sur le revenu
(a) when payable, is deemed to be payable to and receivable by that person; and (b) when paid, is deemed to have been paid to and received by that person. Agreement
For the purposes of section 60, this section and subsection 118(5), the amount determined by the formula A is the total of all amounts each of which is an amount (other than an amount that is otherwise a support amount) that became payable by a taxpayer in a taxation year, under an order of a competent tribunal or under a written agreement, in respect of an expense (other than an expenditure in respect of a self-contained domestic establishment in which the taxpayer resides or an expenditure for the acquisition of tangible property, or for civil law corporeal property, that is not an expenditure on account of a medical or education expense or in respect of the acquisition, improvement or maintenance of a self-contained domestic establishment in which the person described in paragraph (a) or (b) resides) incurred in the year or the preceding taxation year for the maintenance of Restriction a person, children in the person’s custody or both the person and those children, if the person is (a) the taxpayer’s spouse or common-law partner or former spouse or common-law partner, or (b) where the amount became payable under an order made by a competent tribunal in accordance with the laws of a province, an individual who is a parent of a child of whom the taxpayer is a legal parent, B is the amount, if any, by which (a) the total of all amounts each of which is an amount included in the total determined for A in respect of the acquisition or improvement of a self-contained domestic establishment in which that person resides, including any payment of principal or interest in respect of a loan made or indebtedness incurred to finance, in any manner whatever, such acquisition or improvement (b) the total of all amounts each of which is an amount equal to 1/5 of the original principal amount of a loan or indebtedness described in paragraph (a), is, where the order or written agreement, as the case may be, provides that this subsection and subsection 56.1(2) shall apply to any amount paid or payable thereunder, deemed to be an amount payable by the taxpayer to that person and receivable by that person as an allowance on a periodic basis, and that person is deemed to have discretion as to the use of that amount.
For the purposes of this section and section 60, where a written agreement or order of a competent tribunal made at any time in a taxation year provides that an amount paid before that time and in the year or the preceding taxation year is to be considered to have been paid and received thereunder, (a) the amount is deemed to have been paid thereunder; and (b) the agreement or order is deemed, except for the purpose of this subsection, to have been made on the day on which the first such amount was paid, except that, where the agreement or order is made after April 1997 and varies a child support amount payable to the recipient from the last such amount paid to the recipient before May 1997, each varied amount of child support paid under the agreement or order is deemed to have been payable under an agreement or order the
The definitions in subsection 56.1(4) apply in this section and section 60. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.]
c) à la fin de la période, le contribuable ou une personne qui lui est affiliée ou avec laquelle il a un lien de dépendance est propriétaire du bien de remplacement. Cas spécial
(a) where the taxation year ends before 1991, the total of all amounts each of which is that portion of an amount paid to the taxpayer before 1991 and included by reason of subparagraph 56(1)(a)(i) or paragraph 56(1)(h) or 56(1)(t) in computing the taxpayer’s income for the year or a preceding taxation year that can reasonably be considered to be a refund of additional voluntary contributions made by the taxpayer before October 9, 1986 to a registered pension plan for the taxpayer’s benefit in respect of services rendered by the taxpayer before the year in which the contributions were made, to the extent that the contributions were not deducted in computing the taxpayer’s income for any taxation year; and (ii) the total of all amounts each of which is an amount included after 1986 by reason of subparagraph 56(1)(a)(i) or paragraph 56(1)(h), 56(1)(t) in computing the taxpayer’s income for the year, and (iii) the balance of the annuitized voluntary contributions to the taxpayer at the end of the year. Definition of balance of the annuitized voluntary contributions
Le paragraphe (10) s’applique dans le cas où les conditions suivantes sont réunies : a) un droit aux produits donné d’un contribuable auquel se rapporte une dépense à rattacher (à l’exception d’une dépense dont aucune partie ne serait déductible en application du paragraphe (3) dans le calcul du revenu du contribuable en l’absence des paragraphes (7) et (10)) s’est éteint ou a fait l’objet d’une disposition par le contribuable hors du cadre d’une disposition à laquelle s’appliquent les paragraphes 87(1) ou 88(1); et b) au cours de la période commençant au moment de la disposition ou de l’extinction et se terminant 30 jours après ce moment, un contribuable — qui avait une part directe ou indirecte dans le droit — a une autre semblable part dans un droit aux produits, laquelle autre part est un abri fiscal ou un bien déterminé au sens de l’article 143.2. Déduction en cas de disposition entre personnes ayant un lien de dépendance
For the purposes of subsection 60.2(1), balance of the annuitized voluntary contributions of a taxpayer at the end of a taxation year means the amount, if any, by which (a) such part of the total of all amounts each of which is an additional voluntary contribution made by the taxpayer to a registered pension plan before October 9, 1986 in respect of services rendered by the taxpayer before the year in which the contribution was made, to the extent that the contribution was not deducted in computing the taxpayer’s income for any taxation year, as may reasonably be considered as having been (i) used before October 9, 1986 to acquire or provide an annuity for the taxpayer’s benefit under a registered pension plan or registered retirement savings plan, or (ii) transferred before October 9, 1986 to a registered retirement income fund under which the taxpayer was the annuitant (within the meaning assigned by subsection 146.3(1)) at the time of the transfer (b) the total of all amounts each of which is (i) an amount deducted under paragraph 60.2(1)(b) in computing the taxpayer’s income for a preceding taxation year, or (ii) an amount deducted under paragraph 60.2(1)(a) in computing the taxpayer’s income for the year or a preceding taxation year, to the extent that the amount can reasonably be considered to be in respect of a refund of additional voluntary contributions included in determining the total under paragraph 60.2(2)(a). [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1990, c. 35, s. 6. Payment made as consideration for income-averaging annuity
Dans les cas où le présent paragraphe s’applique par l’effet des paragraphes (8) ou (9) à la disposition ou à l’extinction, dans une année d’imposition ou une année d’imposition antérieure, du droit aux produits d’un contribuable auquel se rapporte une dépense à rattacher, les règles suivants s’appliquent : a) le montant qui est déductible au titre de la dépense en application du paragraphe (3) dans le calcul du revenu du contribuable pour une année d’imposition se terminant au moment de la disposition ou de l’extinction du droit ou postérieurement correspond au moins élevé des montants déterminés selon le paragraphe (4) pour l’année relativement à la dépense; b) le moins élevé des montants déterminés selon le paragraphe (4) relativement à la dépense pour une année d’imposition est réputé être le montant déterminé selon l’alinéa (4)c) relativement à la dépense pour l’année dans le cas où l’année comprend le moment immédiatement avant le premier en date des moments suivants qui est postérieur à la disposition ou à l’extinction : (i) le moment où le contribuable serait réputé par l’article 128.1 ou le paragraphe 149(10) avoir disposé du droit s’il en était propriétaire, Income Tax PART I Income Tax DIVISION B Computation of Income
(a) such amount as the individual may claim, not exceeding the total of amounts each of which is a single payment (i) made by the individual in the year or within 60 days after the end of the year as consideration for an income-averaging annuity contract of the individual, and (ii) in respect of which no amount has been deducted in computing the individual’s income for the immediately preceding taxation year, and (b) the amount, if any, by which the total of (i) the remainder obtained when the total of the amounts deductible in computing the individual’s income for the year by reason of paragraphs 60(j) and 60(l) of this Act and paragraph 60(k) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, is deducted from the total of amounts described in subsection 61(2) in respect of the individual for the year, (ii) the amount, if any, by which the amount determined under paragraph 3(b) in respect of the individual for the year exceeds the total of amounts each of which is an allowable business investment loss of the individual for the year, (iii) the individual’s income for the year from the production of a literary, dramatic, musical or artistic work, (iv) the individual’s income for the year from the individual’s activities as an athlete, a musician or a public entertainer such as a theatre, motion picture, radio or television artist, and (iv.1) the amount, if any, by which the amount included in computing the income of the individual for the year by virtue of section 59 exceeds the total of amounts deducted in computing the individual’s income for the year under sections 64, 66, 66.1, 66.2 and 66.4 and under section 29 of the Income Tax Application Rules, (v) the total of amounts each of which is the annual annuity amount of the individual in respect of an income-averaging annuity contract in respect of the consideration for which any amount has been deducted under this subsection in computing the individual’s income for the year.
Identical property Application of section 143.2 Impôt sur le revenu
For the purposes of subsection 61(1), an amount described in this subsection in respect of an individual for a taxation year is any following amount: (a) any single payment received by the individual in the year (i) out of or under a superannuation or pension fund or plan (A) on the death, withdrawal or retirement from employment of an employee or former employee, (B) on the winding-up of the fund or plan in full satisfaction of all rights of the payee in or under the fund or plan, or (C) to which the payee is entitled by virtue of an amendment to the plan although the payee continues to be an employee to whom the plan is applicable, (ii) on retirement as an employee in recognition of long service and not made out of or under a superannuation fund or plan, (iii) pursuant to an employees profit sharing plan in full satisfaction of all the individual’s rights in or under the plan, to the extent that the amount thereof is required to be included in computing the individual’s income for the year in which the payment was received, or (iv) pursuant to a deferred profit sharing plan on the death, withdrawal or retirement from employment of an employee or former employee, to the extent that the amount thereof is required to be included in computing the individual’s income for the year; (b) a payment or payments made by an employer to the individual as an employee or former employee on or after retirement in respect of loss of office or employment, if made in the year of retirement or within one year after that year; (c) a payment or payments paid to the individual as a death benefit, if paid in the year of death or within one year after that year; (d) any amount included in computing the individual’s income for the year by virtue of subsection 146(8), to the extent that the amount is a refund of premiums, as defined by section 146, under a registered retirement savings plan received by the individual under the plan on or after the death of the person who was, immediately before the person’s death, the annuitant thereunder; (e) any amount included in computing the individual’s income for the year by virtue of section 13, 14 or 23, subsection 28(4) or 28(5) or paragraph 106(2)(a) of this Act or subparagraph 56(1)(a)(viii) of the Income SUBDIVISION E Deductions in Computing Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952; (f) any amount deemed by section 7 to be a benefit received by the individual in the year by virtue of the individual's employment; (g) the amount, if any, by which any amount received by the individual in the year as or on account of a prize for achievement in a field of endeavour ordinarily carried on by the individual exceeds $500; (h) any amount included in computing the individual's income for the year by virtue of subsection 146.2(6) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952; (i) a payment made in the year to an individual by virtue of paragraph 51(2)(b) of the Judges Act; (j) except where the individual claimed a deduction under paragraph 23(3)(a) of the Income Tax Application Rules in computing the individual's income for the year, any amount included in computing that income by virtue of paragraph 23(3)(c) of that Act; and (k) where the individual ceased to be a member of a partnership in the year or the preceding year and paragraph 34(a) applied in computing the individual's income therefrom in the preceding year, the amount included in the individual's income for the year by virtue of paragraph 3(a) to the extent that, having regard to all the circumstances including the proportion in which the members of the partnership have agreed to share the profits of the partnership, it can reasonably be considered to be in respect of the individual's share of the work in progress of the partnership at the time the individual ceased to be a member thereof, if, during the remainder of the year in which the individual ceased to be a member and in the following year, the individual did not (i) become employed in the business that had been carried on by the partnership, (ii) carry on a business that is a profession, or (iii) become a member of a partnership that carries on a business that is a profession.
In this section, annual annuity amount of an individual in respect of an income-averaging annuity contract means the total of the equal payments described in paragraph (c) of the definition income-averaging annuity contract in this subsection that, under the contract, are receivable by the individual in the twelve month period commencing on the day that the first such payment under the contract becomes receivable by the individual; (montant annuel de la rente) income-averaging annuity contract of an individual means a contract between the individual and a person licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada an annuities business or a corporation licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada the business of offering to the public its services as trustee, under which (a) in consideration of a qualifying payment as consideration under the contract, that person agrees to pay to the individual, commencing at a time not later than 10 months after the individual has made the qualifying payment, (i) an annuity to the individual for the individual’s life, with or without a guaranteed term not exceeding the number of years that is the lesser of (A) 15, and (B) 85 minus the age of the individual at the time the annuity payments commence, or (ii) an annuity to the individual for a guaranteed term described in subparagraph (i), or (b) in consideration of a single payment in respect of the individual’s 1981 taxation year, other than a qualifying payment, made by the individual as consideration under the contract, that person makes all payments provided for under the contract to the individual before 1983 and under which no payments are provided except the single payment by the individual and, (c) in respect of a contract referred to in paragraph (a), equal annuity payments that are to be made annually or at more frequent periodic intervals, or Division B Computation of Income SUBDIVISION e Deductions in Computing Income qualifying payment means a single payment made before November 13, 1981 (or made on or after November 13, 1981 pursuant to an agreement in writing entered into before that date to make such a payment in respect of the individual’s 1981 taxation year, or pursuant to an arrangement in writing made before that date to have funds withheld before 1982 from any of the individual’s remuneration described in paragraph 61(1)(b) earned or received before November 13, 1981 and paid by or on behalf of the individual). (paiement admissible) Where income-averaging annuity contract ceases to be such
Where annuitant dies and payments continued
Where an individual who was an annuitant under an income-averaging annuity contract has died and payments are subsequently made under that contract, the payments shall be deemed to be payments under an income-averaging annuity contract. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations:] 1976-77, c. 4, s. 19. Reserve for debt forgiveness for resident individuals
(ii) le moment immédiatement avant le moment où le contribuable est assujetti à un fait lié à la restriction de pertes, (iii) si le contribuable est une société, le moment où commence sa liquidation, sauf s’il s’agit d’une liquidation à laquelle s’applique le paragraphe 88(1), (iv) en cas d’application du paragraphe (8), le début d’une période de 30 jours tout au long de laquelle ni le contribuable, ni une personne qui lui est affiliée ou avec laquelle il a un lien de dépendance n’est propriétaire, selon le cas : (A) du bien de remplacement, (B) d’un bien qui est identique au bien de remplacement et qui a été acquis après le jour qui précède de 31 jours le début de la période, (v) en cas d’application du paragraphe (9), le début d’une période de 30 jours tout au long de laquelle aucun contribuable ayant un intérêt direct ou indirect dans le droit n’a un intérêt direct ou indirect dans un autre droit à une production, lorsque au moins un des intérêts directs ou indirects dans cet autre droit est un abri fiscal ou un placement dans un abri fiscal au sens de l’article 143.2. Sociétés de personnes
SUBDIVISION e Deductions in Computing Income A is the amount, if any, by which (a) the total of all amounts each of which is an amount that, because of the application of section 80 to an obligation payable by the individual (or a partnership of which the individual was a member) was included under subsection 80(13) in computing the income of the individual for the year or the income of the partnership for a fiscal period that ends in the year (to the extent that, where the amount was included in computing income of a partnership, it relates to the individual’s share of that income) (b) the total of all amounts deducted because of paragraph 80(15)(a) in computing the individual’s income for the year, B is the amount, if any, included under section 56.2 in computing the individual’s income for the year, and C is the greater of $40,000 and the individual’s income for the year, determined without reference to this section, paragraph 20(1)(ww), section 56.2, paragraph 60(w), subsection 80(13) and paragraph 80(15)(a). (NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.) 1995, c. 21, s. 20, 2000, c. 19, s. 8. Deduction for insolvency with respect to resident corporations
Pour l’application de l’alinéa (10)b), la société de personnes par ailleurs cesse d’exister après la disposition ou l’extinction visée au paragraphe (10) est réputée ne cesser d’exister qu’au moment immédiatement après le premier de ces moments visés aux alinéas (10)b)(i) à (v), et chaque contribuable qui était un associé immédiatement avant le moment où elle aurait cessé d’exister, n’eût été le présent paragraphe, est réputé le demeurer jusqu’au moment donné. Biens identiques
(a) the amount, if any, by which (i) the total of all amounts each of which is an amount that, because of the application of section 80 to a commercial obligation (in this section having the meaning assigned by subsection 80(1)) issued by the corporation (or a partnership of which the corporation was a member) was included under subsection 80(13) in computing the income of the corporation for the year or the income of the partnership for a fiscal period that ends in the year (to the extent that the amount, where it was included in computing income of a partnership, relates to the corporation’s share of that income) (ii) the total of all amounts deducted because of paragraph 80(15)(a) in computing the corporation’s income for the year, and SUBDIVISION E Deductions in Computing Income (b) the amount determined by the formula A is the amount determined under paragraph 61.3(1)(a) in respect of the corporation for the year, B is the total of (i) the fair market value of the assets of the corporation at the end of the year, (ii) the amounts paid before the end of the year on account of the corporation’s tax payable under this Part or any of Parts I.3, II, VI and XIV for the year or on account of a similar tax payable for the year under an Act of a province, and (iii) all amounts paid by the corporation in the 12-month period preceding the end of the year to a person with whom the corporation does not deal at arm’s length (A) as a dividend (other than a stock dividend), (B) on a reduction of paid-up capital in respect of any class of shares of its capital stock, (C) on a redemption, acquisition or cancellation of its shares, or (D) as a distribution or appropriation in any manner whatever to or for the benefit of the shareholders of any class of its capital stock, to the extent that the distribution or appropriation cannot reasonably be considered to have resulted in a reduction in the amount otherwise determined for C in respect of the corporation for the year, C is the total liabilities of the corporation at the end of the year (determined without reference to the corporation’s liabilities for tax payable under this Part or any of Parts I.3, II, VI and XIV for the year or for a similar tax payable for the year under an Act of a province) and, for this purpose, (i) the equity and consolidation methods of accounting shall not be used, and (ii) subject to subparagraph 61.3(1)(b)(ii) and except as otherwise provided in this description, the total liabilities of the corporation shall (A) where the corporation is not an insurance corporation, a federal credit union or a bank to which clause (B) or (C) applies and the balance sheet as of the end of the year was presented to the shareholders of the corporation and was prepared in accordance with generally accepted accounting principles, be considered to be the total liabilities shown on the balance sheet, (B) where the corporation is a bank, a federal credit union or an insurance corporation that is required to report to the Superintendent of Financial Institutions and the balance sheet as of the end of the year was accepted by the Superintendent, be considered to be the total liabilities shown on that balance sheet, (C) where the corporation is an insurance corporation that is required to report to the superintendent of insurance or other similar officer or authority of the province under whose laws the corporation is incorporated and the balance sheet as of the end of the year was accepted by that officer or authority, be considered to be the total liabilities shown on that balance sheet, and (D) in any other case, be considered to be the amount that would be shown as total liabilities of the corporation at the end of the year on a balance sheet prepared in accordance with generally accepted accounting principles, D is the total of all amounts each of which is the principal amount at the end of the year of a distress preferred share (within the meaning assigned by subsection 80(1)) issued by the corporation, and E is 50% of the amount, if any, by which (i) the amount that would be the corporation’s income for the year if that amount were determined without reference to this section and section 61.4 (ii) the amount determined under paragraph 61.3(1)(a) in respect of the corporation for the year. Reserve for insolvency with respect to non-resident corporations
Pour l’application des paragraphes (8) et (10), le droit d’acquérir un droit aux produits donné (sauf le droit servant de garantie seulement et découlant d’une hypothèque, d’un contrat de vente ou d’une obligation semblable) est réputé être un droit aux produits qui est identique au droit donné. Application de l’article 143.2
There shall be deducted in computing the income for a taxation year of a corporation that is non-resident at any time in the year, the lesser of (a) the amount, if any, by which (i) the total of all amounts each of which is an amount that, because of the application of section 80 to a commercial obligation issued by the corporation (or a partnership of which the corporation was a member) was included under subsection 80(13) in computing the corporation’s taxable income or taxable income earned in Canada for the year or the income of the partnership for a fiscal period that ends in the year (to the extent that, where the amount was included in computing income of a partnership, it relates to the corporation’s share of the partnership’s income added in computing the corporation’s taxable income or taxable income earned in Canada for the year) (ii) the total of all amounts deducted because of paragraph 80(15)(a) in computing the corporation’s taxable income or taxable income earned in Canada for the year, and (b) the amount determined by the formula A is the amount determined under paragraph 61.3(2)(a) in respect of the corporation for the year, B is the total of (i) the fair market value of the assets of the corporation at the end of the year, (ii) the amounts paid before the end of the year on account of the corporation’s tax payable under this Part or any of Parts I.3, II, VI and XIV for the year or on account of a similar tax payable for the year under an Act of a province, and (iii) all amounts paid in the 12-month period preceding the end of the year by the corporation to a person with whom the corporation does not deal at arm’s length (A) as a dividend (other than a stock dividend), (B) on a reduction of paid-up capital in respect of any class of shares of its capital stock, (C) on a redemption, acquisition or cancellation of its shares, or (D) as a distribution or appropriation in any manner whatever to or for the benefit of the shareholders of any class of its capital stock, to the extent that the distribution or appropriation cannot reasonably be considered to have resulted in a reduction of the amount otherwise determined for C in respect of the corporation for the year, C is the total liabilities of the corporation at the end of the year (determined without reference to the corporation’s liabilities for tax payable under this Part or any of Parts I.3, II, IV and XIV for the year or for a similar tax payable for the year under an Act of a province), determined in the manner described in the description of C in paragraph 61.3(1)(b), D is the total of all amounts each of which is the principal amount at the end of the year of a distress preferred share (within the meaning assigned by subsection 80(1)) issued by the corporation, and E is 50% of the amount, if any, by which (i) the amount that would be the corporation’s taxable income or taxable income earned in Canada for the year if that amount were determined without reference to this section and section 61.3 (ii) the amount determined under paragraph 61.3(2)(a) in respect of the corporation for the year. Anti-avoidance
Le montant qui, si ce n’était le présent paragraphe, serait une dépense à rattacher dont une partie du coût est déductible en vertu du paragraphe (3) est réputé être un abri fiscal déterminé pour l’application de l’article 143.2. À cet effet, il n’est pas tenu compte du sous-alinéa 143.2(6)b)(ii). Income Tax PART I Income Tax DIVISION B Computation of Income
Subsections 61.3(1) and 61.3(2) do not apply to a corporation for a taxation year where property was transferred in the 12-month period preceding the end of the year or the corporation became indebted in the manner and it can reasonably be considered that one of the reasons for the transfer or the indebtedness was to increase the amount that the corporation would, but for this subsection, be entitled to deduct under subsection 61.3(1) or 61.3(2). Reserve for debt forgiveness for corporations and others
Debt obligations
SUBDIVISION E Deductions in Computing Income (a) the amount determined by the formula A is the amount, if any, by which (i) the total of all amounts each of which is an amount that, because of the application of section 80 to a commercial obligation (within the meaning assigned by subsection 80(1)) issued by the taxpayer (or a partnership of which the taxpayer was a member) was included under subsection 80(13) in computing the income of the taxpayer for the year or a preceding taxation year or of the partnership for a fiscal period that ends in that year or preceding year (to the extent that, where the amount was included in computing income of a partnership, it relates to the taxpayer’s share of that income) exceeds the total of (ii) all amounts each of which is an amount deducted under paragraph 80(15)(a) in computing the taxpayer’s income for the year or a preceding taxation year, and (iii) amounts deducted under section 61.3 in computing the taxpayer’s income for the year or a preceding taxation year, B is the amount, if any, by which the amount determined for A in respect of the taxpayer for the year exceeds the total of (i) the amount that would be determined for A in respect of the taxpayer for the year if that value did not take into account amounts included or deducted in computing the taxpayer’s income for any preceding taxation year, and (ii) the amount, if any, included under section 56.3 in computing the taxpayer’s income for the year, (i) 4/5 of the amount that would be determined for A in paragraph 61.4(a) in respect of the taxpayer for the year if that value did not take into account amounts included or deducted in computing the taxpayer’s income for any preceding taxation year, (ii) 3/5 of the amount that would be determined for A in paragraph 61.4(a) in respect of the taxpayer for the year if that value did not take into account amounts included or deducted in computing the taxpayer’s income for the year or any preceding taxation year (other than the last preceding taxation year), (iii) 2/5 of the amount that would be determined for A in paragraph 61.4(a) in respect of the taxpayer for the year if that value did not take into account amounts included or deducted in computing the taxpayer’s income for the year or any preceding taxation year (other than the second last preceding taxation year), and (iv) 1/5 of the amount that would be determined for A in paragraph 61.4(a) in respect of the taxpayer for the year if that value did not take into account amounts included or deducted in computing the taxpayer’s income for the year or any preceding taxation year (other than the third last preceding taxation year), (c) where the taxpayer is a corporation that commences to wind up in the year (otherwise than in circumstances to which the rules in subsection 88(1) apply), nil. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1995, c. 21, s. 20. Moving expenses
Subsections (2) to (13) do not apply to a taxpayer’s matchable expenditure in respect of a right to receive production if
(a) they were not paid on the taxpayer’s behalf in respect of, in the course of or because of, the taxpayer’s office or employment; (b) they were not deductible because of this section in computing the taxpayer’s income for the preceding taxation year; (c) the total of those amounts does not exceed (i) in any case described in subparagraph (a)(i) of the definition eligible relocation in subsection 248(1), the total of all amounts, each of which is an amount included in computing the taxpayer’s income for the taxation year from the taxpayer’s employment at a new work location or from carrying on the business at the new work location, or because of subparagraph 56(1)(r)(v) in respect of the taxpayer’s employment at the new work location, and (ii) in any case described in subparagraph (a)(ii) of the definition eligible relocation in subsection 248(1), the total of amounts included in computing the taxpayer’s income for the year because of paragraphs 56(1)(n) and (o); and (d) all reimbursements and allowances received by the taxpayer in respect of those expenses are included in computing the taxpayer’s income. Moving expenses of students
Subsections (2) to (13) do not apply to a taxpayer’s matchable expenditure in respect of a right to receive production if Impôt sur le revenu
There may be deducted in computing a taxpayer’s income for a taxation year the amount, if any, that the taxpayer would be entitled to deduct under subsection (1) if the definition eligible relocation in subsection 248(1) were read without reference to subparagraph (a)(i) of that definition and if the word “both” in paragraph (c) of that definition were read as “either or both”. Definition of moving expenses
In subsection 62(1), moving expenses includes any expense incurred as or on account of (a) travel costs (including a reasonable amount expended for meals and lodging), in the course of moving the taxpayer and members of the taxpayer’s household from the old residence to the new residence, (b) the cost to the taxpayer of transporting or storing household effects in the course of moving from the old residence to the new residence, (c) the cost to the taxpayer of meals and lodging near the old residence or the new residence for the taxpayer and members of the taxpayer’s household for a period not exceeding 15 days, (d) the cost to the taxpayer of cancelling the lease by virtue of which the taxpayer was the lessee of the old residence, (e) the taxpayer’s selling costs in respect of the sale of the old residence, (f) where the old residence is sold by the taxpayer or the taxpayer’s spouse or common-law partner as a result of the move, the cost to the taxpayer of legal services in respect of the purchase of the new residence and of any tax, fee, or duty (other than any goods and services tax or value-added tax) imposed on the transfer or registration of title to the new residence, (g) interest, property taxes, insurance premiums and the cost of heating and utilities in respect of the old residence, to the extent of the lesser of $5,000 and the total of such expenses of the taxpayer for the period (i) throughout which the old residence is neither ordinarily occupied by the taxpayer or by any other person who ordinarily resided with the taxpayer at the old residence immediately before the move nor rented by the taxpayer to any other person, and (ii) in which reasonable efforts are made to sell the old residence, and (h) the cost of revising legal documents to reflect the address of the taxpayer’s new residence, of replacing drivers’ licenses and non-commercial vehicle permits (excluding any cost for vehicle insurance) and of connecting or disconnecting utilities. For greater certainty, does not include costs (other than costs referred to in paragraph 62(3)(f)) incurred by the taxpayer in respect of the acquisition of the new residence. Child care expenses
(a) by the taxpayer, where the taxpayer is described in subsection (2) and the supporting person of the child for the year is a person described in clause (ii)(D) of the description of C in the formula in that subsection, or SUBDIVISION E Deductions in Computing Income (b) by the taxpayer or a supporting person of the child for the year, in any other case, to the extent that (c) the amount is not included in computing the amount deductible under this subsection by an individual (other than the taxpayer), and (d) the amount is not an amount (other than an amount that is included in computing a taxpayer’s income and that is not deductible in computing the taxpayer’s taxable income) in respect of which any taxpayer is or was entitled to a reimbursement or any other form of assistance, and the payment of which is proven by filing with the Minister one or more receipts each of which was issued by the payee and contains, where the payee is an individual, that individual’s Social Insurance Number, but not exceeding the amount, if any, by which (i) 2/3 of the taxpayer’s earned income for the year, and (ii) the total of all amounts each of which is the annual child care expense amount in respect of an eligible child of the taxpayer for the year (f) the total of all amounts each of which is an amount that is deducted, in respect of the taxpayer’s eligible children for the year, under this section in computing the income for the year of an individual (other than the taxpayer) to whom subsection 63(2) applies for the year. Income exceeding income of supporting person
Where the income for a taxation year of a taxpayer who has an eligible child for the year exceeds the income for that year of a supporting person of that child (on the assumption that both incomes are computed without reference to this section and paragraphs 60(v.1) and 60(w)), the amount that may be deducted by the taxpayer under subsection 63(1) for the year as or on account of child care expenses shall not exceed the lesser of (a) the amount that would, but for this subsection, be deductible by the taxpayer for the year under subsection 63(1), and (b) the amount determined by the formula A is the total of all amounts each of which is the periodic child care expense amount in respect of an eligible child of the taxpayer for the year, and C is the total of (i) the number of weeks in the year during which the child care expenses were incurred and throughout which the supporting person was (A) a student in attendance at a designated educational institution or a secondary school and enrolled in a program of the institution or school of not less than 3 consecutive weeks duration that provides that each student in the program spend not less than 10 hours per week on courses or work in the program, (B) a person certified in writing by a medical doctor or a nurse practitioner to be a person who (I) was incapable of caring for children because of the person’s mental or physical infirmity and confinement throughout a period of not less than 2 weeks in the year to bed, to a wheelchair or as a patient in a hospital, an asylum or other similar institution, or (II) was in the year, and is likely to be for a long, continuous and indefinite period, incapable of caring for children, because of the person’s mental or physical infirmity, (C) a person confined to a prison or similar institution throughout a period of not less than 2 weeks in the year, or (D) a person who, because of a breakdown of the person’s marriage or common-law partnership, was living separate and apart from the taxpayer at the end of the year and for a period of at least 90 days that began in the year, and (ii) the number of months in the year (other than a month that includes all or part of a week included in the number of weeks referred to in subparagraph (i)), each of which is a month during which the child care expenses were incurred and the supporting person was a SUBDIVISION E Deductions in Computing Income Taxpayer and supporting person with equal incomes (2.1) For the purposes of this section, where in any taxation year the income of a taxpayer who has an eligible child for the year and the income of a supporting person of the child are equal (on the assumption that both incomes are computed without reference to this section and paragraphs 60(v.1) and 60(w)), no deduction shall be allowed under this section to the taxpayer and the supporting person in respect of the child unless they jointly elect to treat the income of one of them as exceeding the income of the other for the year. Expenses while at school (2.2) There may be deducted in computing a taxpayer’s income for a taxation year such part of the amount determined under subsection 63(2.3) as the taxpayer claims, where (a) the taxpayer is, at any time in the year, a student in attendance at a designated educational institution or a secondary school and enrolled in a program of the institution or school of not less than 3 consecutive weeks duration that provides that each student in the program spend not less than (i) 10 hours per week on courses or work in the program, or (b) there is no supporting person of an eligible child of the taxpayer for the year or the income of the taxpayer for the year exceeds the income for the year of a supporting person of the child (on the assumption that both incomes are computed without reference to this section and paragraphs 60(v.1) and 60(w)); and (c) a prescribed form containing prescribed information is filed with the taxpayer’s return of income (other than a return filed under subsection 70(2) or 104(23), paragraph 128(2)(e) or subsection 150(4)) for the year. Amount deductible (2.3) For the purpose of subsection 63(2.2), the amount determined in respect of a taxpayer for a taxation year is the least of (a) the amount by which the total of all amounts, each of which is an amount paid as or on account of child care expenses incurred for services rendered in the year in respect of an eligible child of the taxpayer, exceeds the amount that is deductible under subsection 63(1) in computing the taxpayer’s income for the year, (b) 2/3 of the taxpayer’s income for the year computed without reference to this section and paragraphs 60(v.1) and 60(w), (c) the amount determined by the formula A is the total of all amounts each of which is the periodic child care expense amount in respect of an eligible child of the taxpayer for the year, and (i) if there is a supporting person of an eligible child of the taxpayer for the year, (A) the number of weeks, in the year, in which both the taxpayer and the supporting person were students who would be described in paragraph (2.2)(a) if that paragraph were read without reference to subparagraph (ii), and (B) the number of months in the year (other than a month that includes all or part of a week included in the number of weeks referred to in clause (A)), in which both the taxpayer and the supporting person were students described in paragraph (2.2)(a), and (ii) in any other case, (A) the number of weeks, in the year, in which the taxpayer was a student who would be described in paragraph (2.2)(a) if that paragraph were read without reference to subparagraph (ii), and (B) the number of months in the year (other than a month that includes all or part of a SUBDIVISION E Deductions in Computing Income week included in the number of weeks referred to in clause (A)), in which the taxpayer was a student described in paragraph (2.2)(a), (d) the amount by which the total calculated under subparagraph 63(1)(e)(ii) in respect of eligible children of the taxpayer for the year exceeds the amount that is deductible under subsection 63(1) in computing the taxpayer’s income for the year, and (e) where there is a supporting person of an eligible child of the taxpayer for the year, the amount by which the amount calculated under paragraph 63(2)(b) for the year in respect of the taxpayer exceeds 2/3 of the taxpayer’s earned income for the year.
Créances
In this section, annual child care expense amount, in respect of an eligible child of a taxpayer for a taxation year, means (a) $11,000, if the child is a person in respect of whom an amount may be deducted under section 118.3 in computing a taxpayer’s tax payable under this Part for the year, and (b) if the child is not a person referred to in paragraph (a), (i) $8,000, if the child is under 7 years of age at the end of the year, and child care expense means an expense incurred in a taxation year for the purpose of providing in Canada, for an eligible child of a taxpayer, child care services including babysitting services, day nursery services or services provided at a boarding school or camp if the services were provided (a) to enable the taxpayer, or the supporting person of the child for the year, who resided with the child at the time the expense was incurred, (i) to perform the duties of an office or employment, (ii) to carry on a business either alone or as a partner actively engaged in the business, (iv) to carry on research or any similar work in respect of which the taxpayer or supporting person received a grant, or (v) to attend a designated educational institution or a secondary school, where the taxpayer is enrolled in a program of the institution or school of not less than three consecutive weeks duration that provides that each student in the program spend not less than (A) 10 hours per week on courses or work in the program, or (B) 12 hours per month on courses in the program, and (b) by a resident of Canada other than a person (i) who is the father or the mother of the child, (ii) who is a supporting person of the child or is under 18 years of age and related to the taxpayer, or (iii) in respect of whom an amount is deducted under section 118 in computing the tax payable under this Part for the year by the taxpayer or by a supporting person of the child, except that (c) any such expenses paid in the year for a child’s attendance at a boarding school or camp to the extent that the total of those expenses exceeds the product obtained when the periodic child care expense amount in respect of the child for the year is multiplied by the number of weeks in the year during which the child attended the school or camp, and (d) for greater certainty, any expenses described in subsection 118.2(2) and any other expenses that are paid for medical or hospital care, clothing, transportation or education or for board and lodging, except as otherwise expressly provided in this definition, earned income of a taxpayer means the total of (a) all salaries, wages and other remuneration, including gratuities, received by the taxpayer in respect of the course of, or because of, offices and employments, SUBDIVISION E Deductions in Computing Income (b) all amounts that are included, or that would, but for paragraph 81(1)(a) or subsection 81(4), be included, because of section 6 or 7 or paragraph 56(1) (n), (n.1), (o) or (r), in computing the taxpayer’s income, (c) all the taxpayer’s incomes or the amounts that would, but for paragraph 81(1)(a), be the taxpayer’s incomes from all businesses carried on either alone or as a partner actively engaged in the business, and (d) all amounts received by the taxpayer as, on account of, in lieu of payment of or in satisfaction of, a disability pension under the Canada Pension Plan or a provincial pension plan as defined in section 3 of that Act; (revenu gagné) eligible child of a taxpayer for a taxation year means (a) a child of the taxpayer or of the taxpayer’s spouse or common-law partner, or (b) a child dependent on the taxpayer or the taxpayer’s spouse or common-law partner for support and whose income for the year does not exceed the amount determined for F in subsection 118(1.1) for the year if at any time during the year, the child (c) is under 16 years of age, or supporting person of an eligible child of a taxpayer for a taxation year means a person, other than the taxpayer, who is (b) the taxpayer’s spouse or common-law partner, or (c) an individual who deducted an amount under section 118 for the year in respect of the child if the parent, spouse or common-law partner or individual, as the case may be, resided with the taxpayer at any time during the year and at any time within 60 days after the end of the year. (personne assumant les frais d’entretien) SUBDIVISION E Deductions in Computing Income (3.1) For the purpose of applying this section in respect of a taxpayer for the 2020 or 2021 taxation year, (a) the definition child care expense in subsection (3) is to be read without reference to its paragraph (a) if at any time in the year the taxpayer was entitled to an amount referred to in subparagraph 56(1)(a)(iv) or (vi) or paragraph 56(1)(r), in respect of the year; and (b) paragraph (b) of the definition earned income in subsection (3) is to be read as follows: (b) all amounts that are included, or that would, but for paragraph 81(1)(a) or subsection 81(4), be included, because of section 6 or 7, subparagraph 56(1)(a)(iv) or (vii) or paragraph 56(1)(n), (n.1), (o) or (r), in computing the taxpayer’s income,
Lorsque le taux de rendement du droit aux produits d’un contribuable auquel se rapporte une dépense à rattacher (sauf une dépense dont aucune partie ne serait déductible en application du paragraphe (3) dans le calcul du revenu du contribuable en l’absence du présent paragraphe) est raisonnablement certain au moment de l’acquisition du droit, les règles suivantes s’appliquent : a) le droit est réputé, pour l’application du paragraphe 12(9) et de la partie LXX du Règlement de l’impôt sur le revenu, être une créance sur le principal de laquelle aucun intérêt n’est stipulé, et la créance est réputée réglée à la date d’extinction du droit pour un montant égal à la somme du rendement de la créance et du montant représentant par ailleurs la dépense à rattacher qui se rapporte au droit; b) malgré le paragraphe (3), aucun montant n’est déductible dans le calcul du revenu du contribuable au titre d’une dépense à rattacher qui se rapporte au droit. Exception — risques cédés entre assureurs
Where in a taxation year a person resides in Canada near the boundary between Canada and the United States and while so resident incurs expenses for child care services that would be child care expenses if (a) the definition child care expense in subsection 248(1) were read without reference to the words “in Canada”, and (b) the reference in paragraph (b) of the definition child care expense in subsection 248(1) to “resident of Canada” were read as “person”, those expenses (other than expenses paid for a child’s attendance at a boarding school or camp outside Canada) shall be deemed to be child care expenses for the purposes of this section if the child care services are provided at a place that is closer to the person’s principal place of residence by a reasonably accessible route, having regard to the circumstances, than any place in Canada where such child care services are available and the reference to child care expenses, subsection 63(1) shall be read without reference to the words “and contains, where the payee is an individual, that individual’s Social Insurance Number”. NOTE: Application provisions are not included in the consolidated text; Disability supports deduction
Les paragraphes (2) à (13) ne s’appliquent pas à la dépense à rattacher d’un contribuable relative à un droit aux produits si, à la fois : a) la dépense se rapporte à des commissions, ou à d’autres frais, liés à l’établissement d’une police d’assurance couvrant un risque cédé en totalité ou en partie au contribuable; b) le contribuable et la personne auprès de laquelle la dépense est ou sera effectuée sont tous deux des assureurs sous la surveillance : (i) du surintendant des institutions financières, s’il s’agit d’un assureur légalement tenu de faire rapport à ce surintendant, (ii) du surintendant des assurances ou d’un autre agent ou autorité semblable de la province sous le régime des lois de laquelle l’assureur est constitué, dans les autres cas. Exception — aucun droit, abri fiscal ou avantage fiscal
(a) the amount determined by the formula A is the total of all amounts each of which is an amount paid by the taxpayer in the year and that (i) was paid to enable the taxpayer (A) to perform the duties of an office or employment, (B) to carry on a business either alone or as a partner actively engaged in the business, (C) to attend a designated educational institution or a secondary school at which the taxpayer is enrolled in an educational program, or (D) to carry on research or any similar work in respect of which the taxpayer received a grant, (ii) was paid (A) where the taxpayer has a speech or hearing impairment, for the cost of sign-language interpretation services or real time captioning services and to a person engaged in the business of providing such services, (B) where the taxpayer is deaf or mute, for the cost of a teletypewriter or similar device, including a telephone ringing indicator, prescribed by a medical practitioner, to enable the taxpayer to make and receive telephone calls, (C) where the taxpayer is blind, for the cost of a device or equipment, including synthetic speech systems, Braille printers, and large-print on-screen devices, prescribed by a medical practitioner, and designed to be used by blind individuals in the operation of a computer, (D) where the taxpayer is blind, for the cost of an optical scanner or similar device, prescribed by a medical practitioner, and designed to be used by blind individuals to enable them to read print, (E) where the taxpayer is mute, for the cost of an electronic speech synthesizer, prescribed by a medical practitioner, and designed to be used by mute individuals to enable them to communicate by use of a portable keyboard, (F) where the taxpayer has an impairment in physical or mental functions, for the cost of note-taking services and to a person engaged in the business of providing such services, if the taxpayer has been certified in writing by a medical practitioner to be a person who, because of that impairment, requires such services, (G) where the taxpayer has an impairment in physical functions, for the cost of voice recognition software, if the taxpayer has been certified in writing by a medical practitioner to be a person who, because of that impairment, requires that software, (H) where the taxpayer has a learning disability or an impairment in mental functions, for the cost of tutoring services that are rendered to, and supplementary to the primary education of, the taxpayer and to a person ordinarily engaged in the business of providing such services to individuals who are not related to the person, if the taxpayer has been certified in writing by a medical practitioner to be a person who, because of that disability or impairment, requires those services, (I) where the taxpayer has a perceptual disability, for the cost of talking textbooks used by the taxpayer in connection with the taxpayer’s enrolment at a secondary school in Canada or at a designated educational institution, if the taxpayer has been certified in writing by a medical practitioner to be a person who, because of that disability, requires those textbooks, (J) where the taxpayer has an impairment in physical or mental functions, for the cost of attendant care services provided in Canada and to a person who is neither the taxpayer’s spouse or common-law partner nor under 18 years of age, if the taxpayer is a taxpayer in respect of whom an amount may SUBDIVISION E Deductions in Computing Income be deducted because of section 118.3, or if the taxpayer has been certified in writing by a medical practitioner to be a person who, because of that impairment, and is likely to be indefinitely, dependent on others for their personal needs and care and who as a result requires a full-time attendant, (K) where the taxpayer has a severe and prolonged impairment in physical or mental functions, for the cost of job coaching services (not including job placement or career counselling services) and to a person engaged in the business of providing such services if the taxpayer has been certified in writing by a medical practitioner to be a person who, because of that impairment, requires such services, (L) where the taxpayer is blind or has a severe learning disability, for the cost of reading services and to a person engaged in the business of providing such services, if the taxpayer has been certified in writing by a medical practitioner to be a person who, because of that impairment or disability, requires those services, (M) where the taxpayer is blind and profoundly deaf, for the cost of deaf-blind intervening services and to a person engaged in the business of providing such services, (N) where the taxpayer has a speech impairment, for the cost of a device that is a Bliss symbol board, or a similar device, that is prescribed by a medical practitioner to help the taxpayer communicate by selecting the symbols or spelling out words, (O) where the taxpayer is blind, for the cost of a device that is a Braille note-taker, prescribed by a medical practitioner, to allow the taxpayer to take notes (that can, by the device, be read back to them or printed or displayed in Braille) with the help of a keyboard, (P) where the taxpayer has a severe and prolonged impairment in physical functions that markedly restricts their ability to use their arms or hands, for the cost of a device that is a page turner prescribed by a medical practitioner to help the taxpayer turn the pages of a book or other bound document, and (Q) where the taxpayer is blind, or has a severe learning disability, for the cost of a device or software that is prescribed by a SUBDIVISION E Deductions in Computing Income medical practitioner and designed to enable the taxpayer to read print, (iii) is evidenced by one or more receipts filed with the Minister each of which was issued by the payee and contains, where the payee is an individual who is a person referred to in clause (ii)(J), that individual’s Social Insurance Number, and (iv) is not included in computing a deduction under section 118.2 for any taxpayer for any taxation year, and B is the total of all amounts each of which is the amount of a reimbursement or any other form of assistance (other than prescribed assistance or an amount that is included in computing a taxpayer’s income and that is not deductible in computing the taxpayer’s taxable income) that any taxpayer is or was entitled to receive in respect of an amount included in computing the value of A, and (i) the total of all amounts each of which is (A) an amount included under section 5, 6 or 7 or paragraph 56(1)(n), (o) or (r) in computing the taxpayer’s income for the year, or (B) the taxpayer’s income for the year from a business carried on either alone or as a partner actively engaged in the business, and (ii) where the taxpayer is in attendance at a designated educational institution or a secondary school at which the taxpayer is enrolled in an educational program, the least of (B) $375 times the number of weeks in the year during which the taxpayer is in attendance at the institution or school, and (C) the amount, if any, by which the amount that would, if this Act were read without reference to this section, be the taxpayer’s income for the year exceeds the total determined under subparagraph (i) in respect of the taxpayer for the year. SUBDIVISION E Deductions in Computing Income COVID-19 – disability supports deduction
Les paragraphes (2) à (13) ne s’appliquent pas à la dépense à rattacher d’un contribuable relative à un droit aux produits si, à la fois : Income Tax PART I Income Tax DIVISION B Computation of Income
(a) the description of A in paragraph 64(a) is to be read without reference to its subparagraph (i) if at any time in the year the taxpayer was entitled to an amount referred to in subparagraph 56(1)(a)(iv) or (vii) or paragraph 56(1)(r), in respect of the year; and (b) clause 64(b)(i)(A) is to be read as follows: (A) an amount included under section 5, 6 or 7, subparagraph 56(1)(a)(iv) or (vii) or paragraph 56(1)(n), (o) or (r) in computing the taxpayer’s income for the year, [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2021, c. 23, s. 11. Individuals absent from Canada
Revenue exception [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1989, c. 1, s. 80; 2001, c. 17, s. 10; 2002(2), c. 9, s. 34, as 96FI, 179, c. 40, s. 9. Definitions Impôt sur le revenu
(a) the definition child care expense in subsection 63(3), and section 64, shall be read without reference to the words “in Canada”; (b) subsection 63(1) and section 64 shall be read without reference to the words “and contains, where the payee is an individual, that individual’s Social Insurance Number”, if the payment referred to in that subsection or section, as the case may be, is made to a person who is not resident in Canada; and (c) paragraph (b) of the definition child care expense in subsection 63(3) shall be read as if the word “person” were substituted for the words “resident of Canada” where they appear therein. Allowance for oil or gas well, mine or timber limit
SUBDIVISION E Deductions in Computing Income (b) the processing of ore (other than iron ore or tar sands) from a mineral resource to any stage that is not beyond the prime metal stage or its equivalent, (c) the processing of iron ore from a mineral resource to any stage that is not beyond the pellet stage or its equivalent, or (d) the processing of tar sands from a mineral resource to any stage that is not beyond the crude oil stage or its equivalent as is allowed to the taxpayer by regulation. Regulations
For greater certainty it is hereby declared that, in the case of a regulation made under subsection 65(1) allowing to a taxpayer an amount in respect of a natural accumulation of petroleum or natural gas, an oil or gas well or a mineral resource or in respect of the processing of ore, (a) there may be allowed to the taxpayer by that regulation an amount in respect of any or all (i) natural accumulations of petroleum or natural gas, oil or gas wells or mineral resources in which the taxpayer has any interest or, for civil law, right, or (ii) processing operations described in any of paragraphs 65(1)(b), (c) and (d) that are carried on by the taxpayer; and (b) notwithstanding any other provision contained in this Act, the Governor in Council may prescribe the formula by which the amount that may be allowed to the taxpayer by that regulation shall be determined.
Where a deduction is allowed under subsection 65(1) in respect of a coal mine operated by a lessee, the lessor and lessee may agree as to what portion of the allowance each may deduct and, in the event that they cannot agree, the Minister may fix the portions. Exploration and development expenses of principal-business corporations
a) il est raisonnable de considérer qu’aucune partie de la dépense n’a été payée à un autre contribuable, ou à une personne ou une société de personnes avec laquelle celui-ci a un lien de dépendance, pour acquérir le droit de l’autre contribuable; b) il est raisonnable de considérer qu’aucune partie de la dépense ne se rapporte à un abri fiscal ou à un abri fiscal déterminé au sens du paragraphe 143.2(1); c) il est raisonnable de considérer que l’obtention d’un avantage fiscal par le contribuable, par une personne ou une société de personnes avec laquelle il a un lien de dépendance ou par une personne ou une société de personnes détenant, directement ou indirectement, une participation dans le contribuable ne compte pas parmi les principales raisons pour lesquelles la dépense a été effectuée. Exception — revenu
(a) the total of such of its Canadian exploration and development expenses as were incurred by it before the end of the taxation year, to the extent that they were not deductible in computing income for a previous taxation year, and (b) of that total, an amount equal to its income for the taxation year if no deduction were allowed under this subsection, section 65 or subsection 66.1(2), minus the deductions allowed for the year by sections 112 and 113. Expenses of special product corporations
L’alinéa (4)a) ne s’applique pas au calcul du montant qui est déductible pour une année d’imposition au titre de la dépense à rattacher d’un contribuable relative à un droit aux produits si, à la fois : a) avant la fin de l’année d’imposition au cours de laquelle la dépense est effectuée, le total des montants dont chacun est inclus dans le calcul du revenu du contribuable pour l’année (sauf la partie d’un de ces montants qui fait l’objet d’une provision déduite par le contribuable pour l’année en application de la présente loi) au titre du droit aux produits qui est lié à la dépense dépasse 80 % de la dépense; b) il est raisonnable de considérer qu’aucune partie de la dépense n’a été payée à un autre contribuable, ou à une personne ou une société de personnes avec laquelle celui-ci a un lien de dépendance, pour acquérir le droit de l’autre contribuable. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1989, ch. 1, art. 80; 2001, ch. 17, art. 10; 2002(2), ch. 9, art. 34, et 96FI, ch. 40, art. 9. Définitions
A corporation (other than a principal-business corporation the principal business of which is described in paragraph (a) or (b) of the definition principal-business corporation in subsection 66(15)), whose principal business is the production or marketing of sodium chloride or potash or whose business includes manufacturing products the manufacturing of which involves processing sodium chloride or potash, may deduct, in computing its income for a taxation year, the drilling and exploration expenses incurred by it in the year and before May 7, 1974 or in respect of exploring or drilling for halite or sylvite. Expenses of other taxpayers
administration du secteur public Sa Majesté du chef du Canada, d’une province, une entité visée à l’un des alinéas 149(1)c) à d.6), une administration hospitalière (au sens du paragraphe 123(1) de la Loi sur la taxe d’accès) ou un organisme de bienfaisance enregistré qui est une administration scolaire, un collège public ou une université (chacun s’entendant au sens du paragraphe Income Tax PART I Income Tax DIVISION B Computation of Income
A taxpayer other than a principal-business corporation may deduct, in computing the taxpayer’s income for a taxation year, the total of the taxpayer’s Canadian exploration and development expenses to the extent that they were not deducted in computing the taxpayer’s income for a preceding taxation year. Foreign exploration and development expenses
A - (B + C) where B is D × E where A + B - C where D - E where D is (a) the taxpayer’s non-capital loss for the year (determined without regard to subsection (2), paragraphs 12(1)(z) and 111(1)(a.1) and clause 95(2)(f.11)(ii)(D)), and 123(1) de la Loi sur la taxe d’accise). (public sector authority) année d’imposition de la société affiliée À l’égard d’une société étrangère affiliée contrôlée d’un contribuable, la période dans le cadre de laquelle les comptes de la société affiliée sont habituellement dressés, cette période ne pouvant cependant excéder 53 semaines. (affiliate taxation year) bail exclu S’entend, pour une année d’imposition d’un contribuable, d’un bail qui remplit l’une des conditions suivantes : a) les règles du paragraphe 16.1(1) s’appliquent au bail; b) il ne serait pas considéré comme un bien loué à durée de plus d’un an pour l’application de l’alinéa b) de la définition de bien de location déterminé au paragraphe 1100(1.11) du Règlement de l’impôt sur le revenu; c) il vise un bien qui : (i) soit ne serait pas considéré, au moment de la conclusion du bail, comme ayant une juste valeur marchande supérieure à 25 000 $ pour l’application de l’alinéa c) de cette définition, (ii) soit serait considéré, à tous les moments de l’année, comme des biens exonérés pour l’application du paragraphe 1100(1.13) du Règlement de l’impôt sur le revenu. (excluded lease) capacité absorbée En ce qui concerne un contribuable pour une année d’imposition, la moins élevée des sommes suivantes : a) la capacité excédentaire cumulative inutilisée du contribuable pour l’année, déterminée comme si la capacité absorbée du contribuable pour l’année était nulle, b) la somme obtenue par la formule suivante : A - (B + C) où : A représente les dépenses d’intérêts et de financement du contribuable pour l’année, B : (i) si le paragraphe 18.21(2) s’applique relativement au contribuable pour l’année, la somme déterminée selon ce paragraphe relativement au contribuable pour l’année, T × U ÷ V where (i) the affiliate’s foreign accrual property loss (determined without regard to clause 95(2)(f.11)(ii)(D)) for the affiliate taxation year, and (ii) dans les autres cas, la somme obtenue par la formule suivante : D × E où : D représente le ratio des dépenses admissibles du contribuable pour l’année, E le revenu imposable rajusté du contribuable pour l’année, C ses revenus d’intérêts et de financement pour l’année. (absorbed capacity) capacité excédentaire En ce qui concerne un contribuable pour une année d’imposition, l’une des sommes suivantes : a) si le paragraphe 18.2(1) s’applique relativement au contribuable pour l’année, zéro; b) dans les autres cas, la somme obtenue par la formule suivante : A – B – C où : A représente la somme obtenue par la formule suivante : D × E + F où : D représente le ratio des dépenses admissibles du contribuable pour l’année, E le revenu imposable rajusté du contribuable pour l’année, F la somme obtenue par la formule suivante : G – H × I où G représente les revenus d’intérêts et de financement du contribuable pour l’année, H le ratio des dépenses admissibles du contribuable pour l’année, I le moindre des montants suivants : (i) l’excédent des revenus d’intérêts et de financement du contribuable pour l’année sur les dépenses d’intérêts et de financement du contribuable pour l’année, (ii) selon le cas : (A) si le revenu imposable rajusté du contribuable pour l’année était F × G – H where I × J ÷ K where B les dépenses d’intérêts et de financement du contribuable pour l’année, C la somme déduite par le contribuable en application de l’alinéa 111(1)a.1) dans l’année. (excess capacity) capacité excédentaire cumulative inutilisée En ce qui concerne un contribuable pour une année d’imposition donnée, le total des sommes dont chacune représente : a) soit, la capacité excédentaire du contribuable pour l’année donnée; b) soit, la capacité excédentaire du contribuable pour l’une des trois années d’imposition précédentes, si la capacité excédentaire du contribuable pour chacune de ces années est déterminée selon les règles suivantes : (i) lorsque le contribuable a un montant de capacité transférée pour une année d’imposition (appelée « année de transfert » dans la présente définition) antérieure à l’année donnée : (A) la capacité excédentaire du contribuable doit faire l’objet de réductions pour l’année de transfert et les trois années d’imposition précédant l’année de transfert (chacune appelée « année pertinente » au présent sous-alinéa) d’un montant égal au total des sommes dont chacune est un montant de capacité transférée du contribuable dans l’année de transfert (appelé « montant total de capacité transférée » dans la présente définition), (B) la somme dont la capacité excédentaire du contribuable pour une année pertinente donnée doit être réduite, correspond au moindre de : (I) la capacité excédentaire du contribuable pour l’année pertinente donnée, déterminée en prenant en compte des réductions à cette capacité excédentaire prévues, selon le cas : 1 au présent sous-alinéa, relativement aux montants de capacité transférée pour les années antérieures à l’année de transfert, I J W - X - Y where Z × Z.1 + Z.2 where 2 au sous-alinéa (ii), relativement aux montants de capacité absorbée pour l'année de transfert et les années antérieures à l'année de transfert, (III) l'excédent éventuel du total du montant de capacité transférée pour l'année de transfert sur les réductions, en vertu du présent sous-alinéa relativement au total du montant de capacité transférée, à la capacité excédentaire du contribuable pour les années pertinentes antérieures à l'année de perte donnée, (ii) si le contribuable a un montant de capacité absorbée pour une année d'imposition (appelée « année de capacité absorbée » dans la présente définition) : (A) la capacité excédentaire du contribuable de faire l'objet de réductions pour les trois années d'imposition qui précèdent l'année de capacité absorbée (chacune appelée « année pertinente » au présent sous-alinéa) d'un montant égal au montant de capacité absorbée pour l'année de capacité absorbée, (B) la somme dont la capacité excédentaire du contribuable pour une année pertinente donnée, déterminée en prenant en compte des réductions à cette capacité excédentaire prévues, selon le cas : 1 au sous-alinéa (i), relativement aux montants de capacité transférée pour les années antérieures à l'année de capacité absorbée, 2 au présent sous-alinéa, relativement aux montants de capacité absorbée pour les années antérieures à l'année de capacité absorbée, (III) l'excédent éventuel du montant de capacité absorbée pour l'année de capacité absorbée sur les réductions, en vertu du présent sous-alinéa relativement au montant de capacité absorbée, à la capacité excédentaire du contribuable pour les années pertinentes antérieures à l'année de perte donnée. (cumulative unused excess capacity) Income Tax PART I Income Tax DIVISION B Computation of Income
A taxpayer who is resident throughout a taxation year in Canada may deduct, in computing the taxpayer’s income for that taxation year, the lesser of (a) the amount, if any, by which (i) the total of the foreign exploration and development expenses incurred by the taxpayer (A) before the end of the year, (B) at a time at which the taxpayer was resident in Canada, and (C) where the taxpayer became resident in Canada before the end of the year, after the last time (before the end of the year) that the taxpayer became resident in Canada, exceeds the total of (ii) such of the expenses described in subparagraph 66(4)(a)(i) as were deductible in computing the taxpayer’s income for a preceding taxation year, and (iii) all amounts by which the amount described in this paragraph in respect of the taxpayer is required because of subsection 80(8) to be reduced at or before the end of the year, and (b) of that total, the greater of (i) the amount, if any, claimed by the taxpayer not exceeding 10% of the amount determined under paragraph (a) in respect of the taxpayer for the year, and (A) the part of the taxpayer’s income for the year, determined without reference to this subsection and subsection 66.21(4), that can reasonably be regarded as attributable to (I) the production of petroleum or natural gas from natural accumulations outside Canada or from oil or gas wells outside Canada, or (II) the production of minerals from mines outside Canada, (B) the taxpayer’s income for the year from royalties in respect of a natural accumulation of petroleum or natural gas outside Canada, an oil or gas well outside Canada or a mine outside Canada, determined without reference to this subsection and subsection 66.21(4), and (C) all amounts each of which is an amount, in respect of a foreign resource property that has been disposed of by the taxpayer, equal to the amount, if any, by which (I) the amount included in computing the taxpayer’s income for the year by reason of subsection 59(1) in respect of the disposition SUBDIVISION E Deductions in Computing Income (III) the total of all amounts each of which is that portion of an amount deducted under subsection 66.7(2) in computing the taxpayer’s income for the year that
Impôt sur le revenu
(4.1) For greater certainty, the portion of an amount deducted under subsection (4) in computing a taxpayer’s income for a taxation year that can reasonably be considered to be in respect of specified foreign exploration and development expenses of the taxpayer in respect of a country is considered to apply to a source in that country. (4.2) For the purpose of subsection (4.1), where a taxpayer has incurred specified foreign exploration and development expenses in respect of two or more countries, an allocation to each of those countries for a taxation year shall be determined in a manner that is (a) reasonable having regard to all the circumstances, including the level and timing of (ii) the profits or gains to which those expenses relate; and (b) not inconsistent with the allocation made under subsection (4.1) for the preceding taxation year. FEDE deductions where change of individual’s residence (4.3) Where at any time in a taxation year an individual becomes or ceases to be resident in Canada, (a) subsection (4) applies to the individual as if the year were the period or periods in the year throughout which the individual was resident in Canada; and SUBDIVISION E Deductions in Computing Income (b) for the purpose of applying subsection (4), subsection (13.1) does not apply to the individual for the year.
Subsections (3) and (4) and sections 59, 64, 66.1, 66.2, 66.21, 66.4 and 66.7 do not apply in computing the income for a taxation year of a taxpayer (other than a principal-business corporation) whose business includes trading or dealing in rights, licences or privileges to explore for, drill for or take minerals, petroleum, natural gas or other related hydrocarbons. (10.4) Where a taxpayer has, after April 19, 1983, made a payment or loan described in paragraph (a) of the definition agreed portion in subsection 66(15) to a joint exploration corporation in respect of which the corporation has at any time renounced in favour of the taxpayer any Canadian exploration expenses, Canadian development expenses or Canadian oil and gas property expenses (in this subsection referred to as “resource expenses”) under subsection 66(10.1), 66(10.2) or 66(10.3), the following rules apply: (a) where the taxpayer receives as consideration for the payment or loan property that is capital property to the taxpayer, (i) there shall be deducted in computing the adjusted cost base to the taxpayer of the property at any time the amount of any resource expenses renounced by the corporation in the taxpayer’s favour in respect of the loan or payment at or before that time, (ii) there shall be deducted in computing the adjusted cost base to the taxpayer at any time of any property for which the property, or any property substituted therefor, was exchanged the amount of any resource expenses renounced by the corporation in the taxpayer’s favour in respect of the loan or payment at or before that time (except to the extent such amount has been deducted under subparagraph 66(10.4)(a)(i)), and (iii) the amount of any resource expenses renounced by the corporation in favour of the taxpayer in respect of the loan or payment at any time, except to the extent that the renunciation of the expenses results in a deduction under subparagraph 66(10.4)(a)(i) or 66(10.4)(a)(ii), shall, for the purposes of this Act, be deemed to be a capital gain. of the taxpayer from the disposition by the taxpayer of property at that time; (b) where the taxpayer receives as consideration for the payment or loan property that is not capital property to the taxpayer, (i) there shall be deducted in computing the cost to the taxpayer of the property at any time the amount of any resource expenses renounced by the corporation in the taxpayer’s favour in respect of the loan or payment at or before that time, and (ii) there shall be included in computing the amount referred to in paragraph 59.3(2)(d) for a taxation year the amount of any resource expenses renounced by the corporation in the taxpayer’s favour in respect of the loan or payment at any time in the year, except to the extent that the amount has been deducted under subparagraph 66(10.4)(b)(i); and (c) where the taxpayer does not receive any property as consideration for the payment, there shall be included in computing the amount referred to in paragraph 59.3(2)(e) for a taxation year the amount of any resource expenses renounced by the corporation in the taxpayer’s favour in respect of the payment at any time in the year, except to the extent that the amount has been deducted from the adjusted cost base to the taxpayer of shares of the corporation under paragraph 53(2)(f.1) in respect of the payment. Acquisition of control
Where after March 31, 1977 and before November 13, 1981 control of a corporation has been acquired by a person or persons who did not control the corporation at the time when it last ceased to carry on active business, (a) the amount by which the Canadian exploration and development expenses incurred by the corporation before it last ceased to carry on active business exceeds the total of all amounts otherwise deductible by the corporation in respect of Canadian exploration and development expenses in computing its income for taxation years ending before control was so acquired, shall be deemed to have been deductible under this section by the corporation in computing its income for taxation years ending before control was so acquired; (b) the amount by which the cumulative Canadian exploration expense of the corporation at the time it last ceased to carry on active business exceeds the total of amounts otherwise deducted under section 66.1 in computing its income for taxation years ending after that time and before control was so acquired, shall be deemed to have been deducted under that section by the corporation in computing its income for taxation years ending before control was so acquired; (c) the amount by which the cumulative Canadian development expense of the corporation at the time it last ceased to carry on active business exceeds the total of amounts otherwise deducted under section 66.2 in computing its income for taxation years ending after that time and before control was so acquired, shall be deemed to have been deducted under that section by the corporation in computing its income for taxation years ending before control was so acquired; (d) the amount by which the cumulative Canadian oil and gas property expense of the corporation at the time it last ceased to carry on active business exceeds the total of amounts otherwise deducted under section 66.4 in computing its income for taxation years ending after that time and before control was so acquired, shall be deemed to have been deducted under that section by the corporation in computing its income for taxation years ending before control was so acquired; and (e) the amount by which the foreign exploration and development expenses incurred by the corporation before it last ceased to carry on active business exceeds the total of all amounts otherwise deductible by the corporation in respect of foreign exploration and development expenses in computing its income for taxation years ending before control was so acquired, shall be deemed to have been deductible under this section by the corporation in computing its income for taxation years ending before control was so acquired. (11.3) For the purposes of subsections 66(11) and 66.7(10), where a corporation acquired control of another corporation after November 12, 1981 and before 1983 by reason of the acquisition of shares of the other corporation pursuant to an agreement in writing concluded on or before November 12, 1981, it shall be deemed to have acquired that control on or before November 12, 1981. Loss restriction event (a) at any time a taxpayer is subject to a loss restriction event, (b) within the 12-month period that ended immediately before that time, the taxpayer, a partnership of which the taxpayer was a majority-interest partner or a trust of which the taxpayer was a majority-interest beneficiary (as defined in subsection 251.1(3)) acquired a Canadian resource property or a foreign resource property (other than a property that was held, by the taxpayer, partnership or trust or by a person that would be affiliated with the taxpayer if section 251.1 were read without reference to the definition controlled in subsection 251.1(3), throughout the period that began immediately before the 12-month period began and ended at the time the property was acquired by the taxpayer, partnership or trust), and (c) immediately before the 12-month period began the taxpayer, partnership or trust was not, or would not be if it were a corporation, a principal-business corporation, for the purposes of subsection (4) and sections 66.6, 66.62 and 66.4, except as those provisions apply for the purposes of section 66.7, the property is deemed not to have been acquired by the taxpayer, partnership or trust, as the case may be, before that time, except that if the property has been disposed of by it before that time and not reacquired by it before that time, the property is deemed to have been acquired by the taxpayer, partnership or trust, as the case may be, immediately before it disposed of the property. (11.5) For the purposes of subsection (11.4), if the taxpayer referred to in that subsection was formed or created in the 12-month period referred to in that subsection, the taxpayer is deemed to have been, throughout the period that began immediately before the 12-month period and ended immediately after it was formed or created, (a) in existence; and (b) affiliated with every person with whom it was affiliated (otherwise than because of a right referred to in paragraph 251(5)(b)) throughout the period that began when it was formed or created and that ended immediately before the time at which the taxpayer was SUBDIVISION E Deductions in Computing Income Trust loss restriction event — successor (11.6) If at any time a trust is subject to a loss restriction event, (a) for the purposes of the provisions of this Act relating to deductions in respect of drilling and exploration expenses, prospecting, exploration and development expenses, Canadian exploration and development expenses, foreign resource pool expenses, Canadian exploration expenses, Canadian development expenses and Canadian oil and gas property expenses (in this subsection referred to as “resource expenses”) incurred by the trust before that time, the following rules apply: (i) the trust is (other than for purposes of this subsection and subsections (11.4), (11.5) and 66.7(10) to (11)) deemed to be a corporation that (A) after that time is a successor (within the meaning assigned by any of subsections 66.7(1), (2) and (2.3) to (5)), and (B) at that time, acquired all the properties held by the trust immediately before that time from an original owner of those properties, (ii) if the trust did not hold a foreign resource property immediately before that time, the trust is deemed to have owned a foreign resource property immediately before that time, (iii) a joint election is deemed to have been filed in accordance with subsections 66.7(7) and (8) in respect of the acquisition described in clause (i)(B), (iv) the resource expenses incurred by the trust before that time are deemed to have been incurred by an original owner of the properties and not by the trust, (v) the original owner is deemed to have been resident in Canada at every time before that time at which the trust was resident in Canada, (vi) if at that time the trust is a member of a partnership and the property of the partnership includes a Canadian resource property or a foreign resource property, (A) for the purposes of clause (i)(B), the trust is deemed to have held immediately before that SUBDIVISION E Deductions in Computing Income time that portion of the partnership’s property at that time that is equal to the trust’s percentage share of the total of amounts that would be paid to all members of the partnership if it were wound up at that time, and (B) for the purposes of clauses 66.7(1)(b)(i)(C) and (2)(b)(i)(B), subparagraph 66.7(2.3)(b)(i) and clauses 66.7(3)(b)(ii)(C), (4)(b)(i)(B) and (5)(b)(i)(B) for a taxation year that ends after that time, the lesser of the following amounts is deemed to be income of the trust for the year that can reasonably be regarded as attributable to production from the property: (I) the trust’s share of the part of the income of the partnership for the fiscal period of the partnership that ends in the year that can reasonably be regarded as attributable to the production from the property, and (II) an amount that would be determined under subclause (I) for the year if the trust’s share of the income of the partnership for the fiscal period of the partnership that ends in the year were determined on the basis of the percentage share referred to in clause (A), and (vii) if after that time the trust disposes of property that was at that time held by the trust to another person, subsections 66.7(1) to (5) do not apply in respect of the acquisition by the other person of the property; and (b) if before that time, the trust or a partnership of which the trust was a member acquired a property that is a Canadian resource property, a foreign resource property or an interest in a partnership and it can reasonably be considered that one of the main purposes of the acquisition is to avoid any limitation provided in any of subsections 66.7(1) to (5) on the deduction in respect of any expenses incurred by the trust, then the trust or the partnership, as the case may be, is deemed, for the purposes of applying those subsections to or in respect of the trust, not to have acquired the property. Computation of exploration and development expenses
capacité reçue Montant de capacité reçue d’un cessionnaire pour une année d’imposition déterminé en application du paragraphe (4). (received capacity) capacité transférée Montant de capacité transférée d’un cédant pour une année d’imposition déterminé en application du paragraphe (4). (transferred capacity) contribuable S’entend au sens du paragraphe 248(1), mais ne vise pas une personne physique ou une société de personnes. (taxpayer) dépenses d’intérêts et de financement S’entend, relativement à un contribuable pour une année d’imposition donnée, de la somme obtenue par la formule suivante : A – B où : A représente le total des sommes (sauf une somme qui est incluse dans les dépenses d’intérêts et de financement exonérées) dont chacune représente : a) une somme qui, à la fois : (i) est payée ou payable dans le cours d’une année, ou à être payée ou payable après l’année, à titre d’intérêts en vertu d’une dette contractée ou renouvelée au cours de l’année ou d’une année antérieure, ou à titre de frais ou charges liés à une telle dette, sauf une somme qui est réputée être des intérêts en vertu du paragraphe 137(4.1), (ii) serait, en l’absence du présent article, déductible (autre qu’en vertu d’une disposition visée au sous-alinéa c)(i)) par le contribuable dans le calcul de son revenu pour l’année donnée, (iii) n’est pas visée à tout autre alinéa de la présente définition; b) une somme qui, en l’absence du présent article et à supposer qu’elle ne soit pas déductible en vertu d’une autre disposition de la présente loi (à l’exception des dispositions visées au sous-alinéa c)(i)), serait déductible dans le calcul du revenu du contribuable pour l’année donnée selon l’un des sous-alinéas 20(1)(c)(ii) à (ii.2) et des alinéas 20(1.1)a) à f); c) la partie d’une somme, si les conditions ci-après sont réunies : (i) la somme, en l’absence du présent article, serait déductible dans le calcul du revenu du contribuable pour l’année donnée et est demandée par celui-ci en application de l’alinéa 20(1)a), des paragraphes 66(4), 66.1(2) ou (3), 66.2(2), 66.4(2), 66.4(2.1) ou 66.7(1), (2), (2.3), (3), (4) ou (5), L × M + N where (ii) il est raisonnable d’attribuer la partie à une somme payée ou à payer au plus tôt le 4 février 2022 qui : (A) soit est visée au sous-alinéa a)(ii), (B) soit aurait été déductible par ailleurs au cours d’une année d’imposition en vertu d’une disposition visée à l’alinéa b), n’eût été l’application d’une autre disposition de la présente loi, d) la partie d’une somme qui, en l’absence du présent article, serait déductible dans le calcul du revenu du contribuable pour l’année donnée en vertu du paragraphe 20(16), jusqu’à concurrence de la fraction que l’on peut raisonnablement considérer comme visée au sous-alinéa c)(ii); e) une somme qui est payée ou payable par le contribuable au cours d’une année ou qui est imputée à une perte en capital qu’il a subie pour une année, selon le cas, en vertu du résultat d’une convention ou d’un arrangement, si les conditions suivantes sont remplies : (i) la somme, compte tenu du présent article, selon le cas : (A) serait déductible (exception faite du sous-alinéa 20(1)(e)(ii)) dans le calcul du revenu du contribuable pour l’année donnée, (B) dans le cas d’une perte en capital, réduit la somme déterminée selon l’alinéa 38b) relativement au contribuable en vertu de l’alinéa 3b) pour l’année donnée (sauf dans la mesure où elle a déjà été prise en compte en application du présent alinéa pour une année antérieure), (ii) la convention ou l’arrangement est conclu relativement à un emprunt ou un autre financement conclu par le contribuable ou une personne ou une société de personnes ayant un lien de dépendance avec le contribuable, que ce soit pour l’avenir et conditionnellement ou non, (iii) il est raisonnable de considérer la somme comme augmentant le coût de financement, ou en faisant partie, à l’égard de l’emprunt ou de l’autre financement (y compris à la suite de toute couverture du coût de financement ou de l’emprunt ou de l’autre financement) du contribuable ou d’une personne ou société de personnes ayant avec le contribuable un lien de dépendance; O × P where f) une somme donnée qui remplit les conditions suivantes : (i) est relative à une convention ou un arrangement qui donne lieu à, ou dont on peut raisonnablement s’attendre à ce qu’il donne lieu à, une somme qui, selon le cas : (A) est incluse dans le calcul des dépenses d’intérêts et de financement du contribuable pour une année d’imposition en application de l’alinéa e), (B) réduit les dépenses d’intérêts et de financement du contribuable pour une année d’imposition selon la description de l’alinéa e), (ii) serait, en l’absence du présent article, déductible par le contribuable dans le calcul de son revenu pour l’année donnée, (iii) n’est pas déductible en application des dispositions visées à l’alinéa b), (iv) représente une dépense ou des frais payés en vertu de la convention ou de l’arrangement ou une dépense qui est engagée en vertu de la convention ou de l’arrangement ou dans le cadre de, ou relativement à, celle-ci ou celui-ci; g) un montant du crédit-bail (sauf s’il s’agit d’un bail exclu pour l’année donnée) qui, à la fois : (i) serait, en l’absence du présent article, déductible par le contribuable dans le calcul de son revenu pour l’année donnée, (ii) ne représente pas des intérêts exclus pour l’année donnée; h) relativement au revenu ou à la perte d’une société de personnes, pour un exercice se terminant dans l’année donnée, tiré d’une source ou de sources situées dans un endroit donné, la somme obtenue par la formule suivante : C × D ÷ E − F où : C représente le total des sommes dont chacune représente une somme qui, selon le cas : (i) serait déductible par la société de personnes dans le calcul de son revenu ou de sa perte tiré de la source, ou de la source située dans un endroit donné, pour un exercice, si ce revenu ou cette perte visé à l’une des alinéas a) à g) si la mention « contribuable » était remplacée par la mention « société de personnes », (d) an amount included under subsection 59(1) or (3.2) or paragraph 59.1(b) in computing the taxpayer’s income for the year, Q × (1 + (R × S)) where (ii) gives rise to a deduction under paragraph 94.2(3)(a) in computing the foreign accrual (ii) serait incluse en application de l’alinéa j) dans le calcul des dépenses d’intérêts et de financement de la société de personnes dans le but de calculer son revenu ou sa perte tiré de la source ou de la source située dans un endroit donné, pour l’exercice, si la société de personnes était contribuable pour l’application du présent article, D la proportion déterminée du contribuable si les mentions « du revenu total ou de la perte totale » et « au revenu total ou à la perte totale » dans la définition de proportion déterminée au paragraphe 248(1) étaient remplacées respectivement par les mentions « du revenu de la source située dans un endroit donné » et « à la source située dans un endroit donné », E la somme incluse dans le calcul du revenu du contribuable en vertu de l’alinéa 12(1).1) relativement au montant visé à l’élément C, F la partie d’une somme visée à l’élément C qu’il est raisonnable de considérer comme étant déductible dans le calcul du revenu imposable du contribuable pour l’année donnée et dont la déduction est demandée par le contribuable en application de l’alinéa 111(1)e) relativement à un exercice de la société de personnes dont le contribuable est un associé et qu’il est raisonnable de considérer comme étant une année d’imposition se terminant une autre année d’imposition du contribuable, i) relativement à une société qui est une société étrangère affiliée contrôlée du contribuable à la fin d’une année d’imposition de la société affiliée se terminant dans l’année donnée, une somme obtenue par la formule suivante : G × H où : G représente les dépenses d’intérêts et de financement de la société affiliée pertinentes de la société affiliée pour l’année d’imposition de la société affiliée, H le pourcentage de participation déterminé du contribuable à l’égard de la société affiliée pour l’année d’imposition de la société affiliée; B le total des sommes dont chacune représente : a) une somme reçue ou à recevoir (à l’exclusion d’un dividende ou relativement à des dépenses d’intérêts et de financement exonérées) par le contribuable au cours d’une année au sein du contribuable pour l’année, de la société, en vertu ou résultant d’une convention ou d’un arrangement, dans la mesure où, à la fois : (i) la somme est incluse dans le calcul du revenu du contribuable pour l’année donnée, (ii) la convention ou l’arrangement est conclu : (A) soit à titre d’emprunt ou un autre financement du contribuable ou d’une personne ou société de personnes ayant un lien de dépendance avec le contribuable, (B) soit relativement à un emprunt ou un autre financement du contribuable ou d’une personne ou société de personnes ayant un lien de dépendance avec le contribuable, pour couvrir le coût de financement ou l’emprunt ou l’autre financement, (iii) il est raisonnable de considérer la somme comme réduisant le coût du financement relativement à l’emprunt ou autre financement du contribuable ou d’une personne ou société de personnes ayant un lien de dépendance avec le contribuable, (iv) il n’est pas raisonnable de considérer que la somme est exclue, réduite, compensée ou autrement effectivement à l’abri de l’impôt en application de la présente partie parce qu’un montant peut être déduit (A) en application de l’un des paragraphes 20(11) à (12.1) et 126(1) et (2), (B) au titre de l’impôt sur le revenu ou sur les bénéfices payé à un pays étranger et : (I) qu’il est raisonnable de considérer comme ayant été payé relativement à cette somme, (II) il n’est pas un impôt substantiellement semblable à l’impôt visé à l’alinéa b) du paragraphe 212(1), b) au titre du revenu ou de la perte d’une société de personnes, pour un exercice se terminant dans l’année donnée, tiré d’une source quelconque ou de sources situées dans un endroit donné, la somme obtenue par la formule suivante : I × J où : I représente une somme qui serait visée à l’alinéa a) si, à la fois : (i) la mention « contribuable » à cet alinéa était remplacée par la mention « société de personnes », (ii) la mention « revenu du contribuable pour l’année donnée » au sous-alinéa a)(i) était remplacée par la mention « revenu ou perte de la société de personnes tiré de la source ou de la source dans un endroit donné », J la proportion déterminée du contribuable si les mentions « du revenu total ou de la perte totale » et « au revenu total ou à la perte totale » dans la définition de « proportion déterminée » au paragraphe 248(1) étaient remplacées respectivement par les mentions « du revenu ou de la perte, tiré de la source ou de la source dans un endroit donné, de la société de personnes » et « au revenu ou à la perte, tiré de la source ou de la source située dans un endroit donné ». (dépenses d’intérêts et de financement) dépenses d’intérêts et de financement de la société affiliée pertinentes À l’égard d’une société étrangère affiliée contrôlée d’un contribuable (calculées comme si la définition de contribuable au présent paragraphe n’incluait pas une société de personnes) pour une année d’imposition de la société affiliée, sous réserve du paragraphe (1), le total des sommes (autre qu’une somme qui est déduite dans le calcul d’un revenu ou de la perte de la société affiliée et qui inclus dans le calcul du revenu ou de la perte de la société affiliée provenant d’une entreprise exploitée activement au Canada au titre de l’alinéa 95(2)a)(i)(D) et réputée nulle aux fins du calcul de la valeur des éléments de la société affiliée dans la définition de revenu étranger accumulé, tiré de biens au paragraphe 95(1), dont chacune représente des dépenses d’intérêts et de financement de la société affiliée (compte non tenu de l’alinéa i) de l’élément a de la formule figurant à la définition de « dépenses d’intérêts et de financement ») de la société affiliée dans le but de calculer, relativement au contribuable pour l’année d’imposition de la société affiliée, chaque montant visé aux sous-alinéas 95(2)f)(i) ou (ii), si : year exceeds the reductions under this subparagraph in respect of that amount of absorbed capacity to the taxpayer’s excess capacity for the relevant years preceding the particular relevant year. (capacité excédentaire cumulative inutilisée) A - B - C where D × E + F where G - H × I where a) la mention de « en l’absence du présent article » dans la définition de dépenses d’intérêt et de financement valait mention de « en l’absence de la division 95(2)(f.11)(ii)(D) »; b) la division 95(2)(f.11)(ii)(A) était lue sans la mention du paragraphe 18.2(2). (relevant affiliate interest and financing expenses) dépenses d’intérêt et de financement exonérées S’entend, pour une année d’imposition d’un contribuable, du total des montants dont chacun serait inclus, s’il n’était pas tenu compte des dépenses d’intérêt et de financement exonérées de l’élément A de la formule figurant à la définition de dépenses d’intérêt et de financement, dans les dépenses d’intérêt et de financement du contribuable pour cette année et qui ont été engagés relativement à un emprunt ou un autre financement (appelé « à la présente définition »), si les conditions ci-après sont remplies : a) le contribuable ou une des personnes dont il est un associé a conclu une convention avec une administration du secteur public (ou un cessionnaire ou un successeur de celle-ci), en ce qui concerne le financement, mainteneur public, ou une autre administration du secteur public, est propriétaire, sur lesquels elle détient un droit de tenure à bail ou qu’elle a le droit d’acquérir; b) l’emprunt a été contracté relativement à la convention; c) il est raisonnable de considérer que la totalité ou la presque totalité du montant est directement ou indirectement assumée par une administration du secteur public visée à l’alinéa a); d) le montant a été payé ou était payable : (i) soit à une personne qui n’a pas de lien de dépendance avec le contribuable ou la société de personnes dont il est un associé, (ii) soit à une personne donnée avec laquelle le contribuable ou la société de personnes dont il est un associé a un lien de dépendance s’il est raisonnable de considérer que la totalité ou la presque totalité du montant payé ou payable à la personne donnée a été payé ou était payable par la personne donnée à une ou plusieurs personnes qui n’ont pas de lien de dépendance avec le contribuable ou la société de personnes dont il est un associé. (exempt interest and financing expenses) (ii) either C is the amount deductible by the taxpayer under paragraph 111(1)(a.1) in the year. (capacité excédentaire) A - B where entité admissible du groupe En ce qui concerne un contribuable résident au Canada, à un moment donné, s’entend d’une société ou d’une fiducie, résident au Canada, qui, selon le cas : a) est, à ce moment, liée au contribuable (autrement qu’en vertu d’un droit visé à l’alinéa 251(5)(b)); b) serait, à ce moment, affiliée au contribuable si l’article 251.1 s’appliquait si l’on n’était pas tenu compte de la définition de contrôle au paragraphe 251.1(3); c) est une fiducie, à l’égard de laquelle la participation du contribuable dans la fiducie n’est pas une participation fixe (au sens du paragraphe 251.1(3)); d) est un bénéficiaire du contribuable, si le contribuable est une fiducie, dont la participation dans le contribuable n’est pas une participation fixe (au sens du paragraphe 94(1)) (sauf un bénéficiaire qui est un organisme de bienfaisance enregistré, ou une organisation à but non lucratif, avec lequel le contribuable n’a aucun lien de dépendance). (eligible group entity) entité du groupe d’institutions financières Contribuable qui est, à un moment donné d’une année d’imposition, l’une des entités suivantes : a) une banque; b) une caisse de crédit; c) une compagnie d’assurance; d) une entité autorisée par la législation fédérale ou provinciale à exploiter une entreprise d’offre au public de services de fiduciaire; e) une entité dont l’entreprise principale consiste en une ou plusieurs des activités suivantes : (i) le prêt d’argent à des personnes avec lesquelles elle n’a aucun lien de dépendance, (ii) l’achat de titres de créance émis par des personnes avec lesquelles elle n’a aucun lien de dépendance, (iii) des activités qui donnent principalement lieu aux sommes visées aux alinéas a) à d) de l’élément A de la définition de revenus d’intérêts et de financement et qui sont principalement menées avec des personnes avec lesquelles elle n’a aucun lien de dépendance; A ≥ B where f) une entité donnée qui est une entité admissible du groupe relativement à une entité visée à l’un des alinéas a) à e), si l’entité donnée, ou une société de personnes dont l’entité donnée est un associé de la totalité ou de la presque totalité de son revenu, selon le cas : (i) est autorisée en vertu de la législation provinciale sur les valeurs mobilières à se livrer, et se livre principalement, selon le cas : (A) au commerce des valeurs mobilières, (B) à la fourniture de services de gestion de portefeuille, de conseils en placement, d’administration de fonds ou de gestion de fonds, (ii) se livre principalement à la fourniture de services de gestion de portefeuille, de conseils en placement, d’administration de fonds ou de gestion de fonds, y compris les services reliés à ces activités, relativement aux biens immeubles; g) une entité donnée (sauf une société de portefeuille financière) qui est une entité admissible du groupe relativement à une entité visée à l’un des alinéas a) à f) qui sont des entités admissibles du groupe relativement à l’entité donnée, si la totalité ou la presque totalité des activités exercées ou à l’entreprise exploitée par une ou plusieurs entités visées aux alinéas a) à f) qui sont des entités admissibles du groupe relativement à l’entité donnée. (financial institution group entity) entité exclue S’entend, pour une année d’imposition donnée : a) d’une société qui est une société privée sous contrôle canadien tout au long de l’année donnée à l’égard de laquelle la valeur de l’élément C de la formule figurant à l’alinéa 125(5.1)a) pour l’année est inférieure à 50 000 000 $; b) d’un contribuable donné résidant au Canada, si la somme de 1 000 000 $ n’est pas inférieure à la somme obtenue par la formule suivante : A - B où : A représente le total des montants dont chacun représente les dépenses d’intérêts et de financement ou les dépenses d’intérêts et de financement encourues : (i) du contribuable donné pour l’année d’imposition donnée, (ii) d’un autre contribuable résident au Canada pour une année d’imposition (appelée « l’année d’imposition pertinente » au présent sous-alinéa) se terminant au cours de l’année d’imposition donnée, si l’autre contribuable est une entité admissible du groupe relativement au contribuable donné à la fin de l’année d’imposition pertinente, B le montant qui représenterait l’élément A si, selon le cas : (i) la mention « les dépenses d’intérêts et de financement » dans les dépenses d’intérêts et de financement exonérées » à l’élément A était remplacée par « les dépenses d’intérêts et de financement », (ii) les revenus d’intérêts et de financement d’une entité du groupe d’institutions financières étaient exclus; c) d’un contribuable résident au Canada qui remplit les conditions suivantes : (i) la totalité ou presque de toutes des entreprises, le cas échéant, et la totalité ou presque de toutes des (ii) tout au long de l’année, les faits ci-après s’avèrent : A ≥ B où : A représente 5 000 000 $, B la plus élevée des sommes suivantes : (A) le total des sommes dont chacune représente la somme à laquelle les actions en capital-actions d’une société étrangère affiliée du contribuable, d’une société étrangère affiliée d’une entité admissible du groupe relativement au contribuable ou d’une société étrangère affiliée d’une société de personnes dont le contribuable ou une entité admissible du groupe relativement au contribuable est un associé, serait évaluée en vue de l’établissement du bilan du contribuable ou de Income Tax PART I Income Tax DIVISION B Computation of Income
In computing a taxpayer’s Canadian exploration and development expenses, (a) there shall be deducted any amount paid to the taxpayer before May 7, 1974 (i) and after 1971 under the Northern Mineral Exploration Assistance Regulations made under an appropriation Act that provides for payments in respect of the Northern Mineral Grants Program, or (ii) pursuant to any agreement entered into between the taxpayer and Her Majesty in right of Canada under the Northern Mineral Grants Program or the Development Program of the Department of Indian Affairs and Northern Development, to the extent that the amount has been expended by the taxpayer as or on account of Canadian exploration and development expenses incurred by the taxpayer; and (b) there shall be included any amount, except an amount in respect of interest, paid by the taxpayer after 1971 and before May 7, 1974 under the Regulations referred to in subparagraph 66(12)(a)(i) to Her Majesty in right of Canada. Limitations of Canadian exploration and development expenses (12.1) Except as expressly otherwise provided in this Act, (a) if as a result of a transaction occurring after May 6, 1974 an amount has become receivable by a taxpayer at a particular time in a taxation year and the consideration given by the taxpayer therefor was property (other than a share or a Canadian resource property, or an interest in or a right to — or, for civil law, a right in or to — the share or the property) or services, the original cost of which to the taxpayer may reasonably be regarded as having been primarily Canadian exploration and development expenses of the taxpayer (or would have been so regarded if they had been incurred by the taxpayer after 1971 and before May 7, 1974) or a Canadian exploration expense, there shall at that time be included in the amount determined for G in the definition cumulative Canadian exploration expense in subsection 66.1(6) in respect of the taxpayer the amount that became receivable by the taxpayer at that time; and (b) if as a result of a transaction occurring after May 6, 1974 an amount has become receivable by a taxpayer SUBDIVISION E Deductions in Computing Income at a particular time in a taxation year and the consideration given by the taxpayer therefor was property (other than a share or a Canadian resource property, or an interest in or a right to — or, for civil law, a right in or to — the share or the property) or services, the original cost of which to the taxpayer may reasonably be regarded as having been primarily a Canadian development expense, there shall at that time be included in the amount determined for G in the definition cumulative Canadian development expense in subsection 66.2(5) in respect of the taxpayer the amount that became receivable by the taxpayer at that time. Unitized oil or gas field in Canada (12.2) Where, pursuant to an agreement between a taxpayer and another person to unitize an oil or gas field in Canada, an amount has become receivable by the taxpayer at a particular time after May 6, 1974 from that other person in respect of Canadian exploration expense incurred by the taxpayer or Canadian exploration and development expenses incurred by the taxpayer (or expenses that would have been such expenses had they been incurred by the taxpayer after 1971 and before May 7, 1974) in respect of that field or any part thereof, the following rules apply: (a) there shall, at that time, be included by the taxpayer in the amount determined for G in the definition cumulative Canadian exploration expense in subsection 66.1(6) the amount that became receivable by the taxpayer; and (b) there shall, at that time, be included by the other person in the amount referred to in paragraph (c) of the definition Canadian exploration expense in subsection 66.1(6) the amount that became payable by that person. (12.3) Where, pursuant to an agreement between a taxpayer and another person to unitize an oil or gas field in Canada, an amount has become receivable by the taxpayer at a particular time after May 6, 1974 from that other person in respect of Canadian development expense incurred by the taxpayer in respect of that field or any part thereof, the following rules apply: (a) there shall, at that time, be included by the taxpayer in the amount determined for G in the definition cumulative Canadian development expense in subsection 66.2(5) the amount that became receivable by the taxpayer; and (b) there shall, at that time, be included by the other person in the amount referred to in paragraph (a) of the definition Canadian development expense in subsection 66.2(5) the amount that became payable by that person. (12.4) Where, as a result of a transaction that occurs after May 6, 1974, an amount becomes receivable by a taxpayer at a particular time in a taxation year and the consideration given by the taxpayer for the amount receivable is property (other than a foreign resource property) or services, the original cost of which to the taxpayer can reasonably be regarded as having been primarily foreign exploration and development expenses of the taxpayer (or would have been so regarded if they had been incurred by the taxpayer after 1971 and the definition foreign exploration and development expenses in subsection (15) were read without reference to paragraph (k) of that definition), the following rules apply: (a) in computing the taxpayer’s foreign exploration and development expenses at that time, there shall be deducted the amount receivable by the taxpayer; (b) where the amount receivable exceeds the total of the taxpayer’s foreign exploration and development expenses incurred before that time to the extent that those expenses were not deducted or deductible, as the case may be, in computing the taxpayer’s income for a preceding taxation year, there shall be included in the amount referred to in paragraph 59(3.2)(a) the amount, if any, by which the amount receivable exceeds the total of (i) the taxpayer’s foreign exploration and development expenses incurred before that time to the extent that those expenses were not deducted or deductible, as the case may be, in computing the taxpayer’s income for a preceding taxation year, (ii) the amount, designated by the taxpayer in prescribed form filed with the taxpayer’s return of income for the year, not exceeding the portion of the amount receivable for which the consideration given by the taxpayer was property (other than a foreign resource property) or services, the original cost of which to the taxpayer can reasonably be regarded as having been primarily (B) foreign resource expenses in respect of a country; and (c) where an amount is included in the amount referred to in paragraph 59.3(2)(a) by virtue of paragraph 66.1(2.4)(b), the total of the taxpayer's foreign exploration and development expenses at that time shall be deemed to be nil. Limitations of foreign resource expenses (12.4) Where a particular amount described in subsection (12.4) becomes receivable by a taxpayer at a particular time, there shall at that time be included in the value determined for G in the definition cumulative foreign resource expense in subsection 66.21(1) in respect of the taxpayer and a country the amount designated under subparagraph (12.4)(b)(ii) by the taxpayer in respect of the particular amount and the country. Partnerships (12.42) For the purposes of subsections (12.4) and (12.41), where a person or partnership is a member of a particular partnership and a particular amount described in subsection (12.4) becomes receivable by the particular partnership in a fiscal period of the particular partnership, (a) the member's share of the particular amount is deemed to be an amount that became receivable by the member at the end of the fiscal period; and (b) the amount deemed by paragraph (a) to be an amount receivable by the member is deemed to be an amount (i) that is described in subsection (12.4) in respect of the member, and (ii) that has the same attributes for the member as it did for the particular partnership. Unitized oil or gas field in Canada (12.5) Where, pursuant to an agreement between a taxpayer and another person to unitize an oil or gas field in Canada, an amount has become receivable by the taxpayer at a particular time from that other person in respect of Canadian oil and gas property expense incurred by the SUBDIVISION E Deductions in Computing Income taxpayer in respect of that field or any part thereof, the following rules apply: (a) there shall, at that time, be included by the taxpayer in the amount determined for G in the definition cumulative Canadian oil and gas property expense in subsection 66.4(5) the amount that became receivable by the taxpayer; and (b) there shall, at that time, be included by the other person in the amount referred to in paragraph (a) of the definition Canadian oil and gas property expense in subsection 66.4(5) the amount that became payable by that person. Canadian exploration expenses to flow-through shareholder (12.6) If a person gave consideration under an agreement to a corporation for the issue of a flow-through share of the corporation and, in the period that begins on the day on which the agreement was made and ends 24 months after the end of the month that includes that day, the corporation incurred Canadian exploration expenses (other than an expense described in paragraph (b.1)) that are a Canadian exploration expense of the corporation, the corporation may, after it complies with subsection (12.68) in respect of the share and before March of the first calendar year that begins after the period, renounce, effective on the day on which the renunciation is made or on an earlier day set out in the form prescribed for the purpose of subsection (12.7), to the person in respect of the share the amount, if any, by which the portion of those expenses that was incurred on or before the effective date of the renunciation (which portion is in this subsection referred to as the “specified expenses”) exceeds the total of (a) the assistance that the corporation has received, is entitled to receive or can reasonably be expected to receive at any time, and that can reasonably be related to the specified expenses or to Canadian exploration activities to which the specified expenses relate (other than assistance that can reasonably be related to expenses referred to in any of paragraphs (b) to (b.2)), (b) all specified expenses that are prescribed Canadian exploration and development overhead expenses of the corporation, (b.1) all specified expenses each of which is a cost of, or for the use of, seismic data (i) that had been acquired (otherwise than as a consequence of performing work that resulted in the SUBDIVISION E Deductions in Computing Income creation of the data) by any other person before the cost was incurred, (ii) in respect of which a right to use had been acquired by any other person before the cost was incurred, or (iii) all or substantially all of which resulted from work performed more than one year before the cost was incurred, (b.2) if the agreement is made after March 2023, all specified expenses that are not described in paragraph (b) or (b.1) and that would be Canadian exploration expenses if (i) the definition Canadian exploration expense in subsection 66.1(6) were read without reference to its paragraph (g.1), and (ii) the definition mineral resource in subsection 248(1) were read without reference to its paragraphs (a) and (d), and (c) the total of amounts that are renounced on or before the date on which the renunciation is made by the corporation under this subsection in respect of those expenses, but not in any case (d) exceeding the amount, if any, by which the consideration for the share exceeds the total of other amounts renounced under this subsection or subsections 66(12.601) or 66(12.62) in respect of the share on or before the day on which the renunciation is made, (e) exceeding the amount, if any, by which the cumulative Canadian exploration expense of the corporation on the effective date of the renunciation computed before taking into account any amounts renounced under this subsection on the date on which the renunciation is made, exceeds the total of all amounts renounced under this subsection in respect of any other share (i) on the date on which the renunciation is made, and (12.6001) The references to “24 months” in subsections (12.6) and (12.62) are to be read as references to “36 months”. SUBDIVISION E Deductions in Computing Income Flow-through share rules for first $1 million of Canadian development expenses (a) a person gave consideration under an agreement to a corporation for the issue of a flow-through share of the corporation, (a.1) the corporation’s taxable capital amount at the time the consideration was given was not more than $15,000,000, and (b) during the period beginning on the particular day the agreement was entered into and ending on the earlier of December 31, 2018 and the day that is 24 months after the end of the month that included that particular day, the corporation incurred Canadian development expenses (excluding expenses that are deemed by subsection (12.66) to have been incurred on December 31, 2018) described in paragraph (a) or (b) of the definition Canadian development expense in subsection 66.2(5) or that would be described in paragraph (a) of that definition if the words “paragraphs (a) to (e)” in that paragraph were read as “paragraphs (a) and (b)”, the corporation may, after it complies with subsection 66(12.68) in respect of the share and before March of the first calendar year that begins after that period, renounce, effective on the day on which the renunciation is made or on an earlier day set out in the form prescribed for the purposes of subsection 66(12.7), to the person in respect of the share the amount, if any, by which the part of those expenses that was incurred on or before the effective date of the renunciation (which part is in this subsection referred to as the “specified expenses”) exceeds the total of (c) the assistance that the corporation has received, is entitled to receive, or can reasonably be expected to receive at any time, and that can reasonably be related to the specified expenses or Canadian development activities to which the specified expenses relate (other than assistance that can reasonably be related to expenses referred to in paragraph 66(12.601)(d)), (e) all amounts that are renounced on or before the day on which the renunciation is made by any other renunciation under this subsection or subsection 66(12.62) in respect of those expenses. (12.6011) For the purpose of subsection 66(12.601), a particular corporation’s taxable capital amount at any time is the total of (a) its taxable capital employed in Canada for its last taxation year that ended more than 30 days before that time, and (b) the total of all amounts each of which is the taxable capital employed in Canada of another corporation associated at that time with the particular corporation for the other corporation’s last taxation year that ended more than 30 days before that time. Taxable capital employed in Canada (12.6012) For the purpose of determining a corporation’s taxable capital amount at a particular time under subsection 66(12.6011) and for the purpose of subsection 66(12.6013), a particular corporation’s taxable capital employed in Canada for a taxation year is the amount that would be its taxable capital employed in Canada for the year, determined in accordance with subsection 181.2(1) and without reference to the portion of its investment allowance (as determined under subsection 181.2(4)) that is attributable to shares of the capital stock of, dividends payable by, or indebtedness of, another corporation that (a) was not associated with the particular corporation at the particular time; and (b) was associated with the particular corporation at the end of the particular corporation’s last taxation year that ended more than 30 days before that time. Amalgamations and mergers (12.6013) For the purpose of determining the taxable capital amount at a particular time under subsection 66(12.6011) of any corporation and for the purposes of this subsection, a particular corporation that was created as a consequence of an amalgamation or merger of other corporations (each of which is in this subsection referred to as a “predecessor corporation”), and that does not have a taxation year that ended more than 30 days before the particular time, is deemed to have taxable capital employed in Canada for a taxation year that ended more than 30 days before the particular time equal to the total of all amounts each of which is the taxable capital employed in Canada of a predecessor corporation for its last taxation year that ended more than 30 days before the particular time. (12.602) A corporation shall be deemed not to have renounced any particular amount under subsection 66(12.601) in respect of a share where (a) the particular amount exceeds the amount, if any, by which the consideration for the share exceeds the total of other amounts renounced in respect of the share under subsection 66(12.6), 66(12.601) or 66(12.62) on or before the day on which the renunciation is made; (b) the particular amount exceeds the amount, if any, by which (i) the cumulative Canadian development expense of the corporation on the effective date of the renunciation, computed before taking into account any amounts renounced under subsection 66(12.601) on the day on which the renunciation is made, (ii) the total of all amounts renounced under subsection 66(12.6) or 66(12.601) by the corporation in respect of any other share (A) on the day on which the renunciation is made, and (c) the particular amount relates Canadian development expenses incurred by the corporation in a calendar year and the total amounts renounced, on or before the day on which the renunciation is made, under subsection 66(12.601) in respect of (i) Canadian development expenses incurred by the corporation in that calendar year, or (ii) Canadian development expenses incurred in that calendar year by another corporation associated with the corporation at the time the other corporation incurred such expenses (a) the Canadian exploration expenses or Canadian development expenses to which the amount relates shall be deemed to be Canadian exploration expenses incurred in that amount by the person on the effective date of the renunciation; and (b) the Canadian exploration expenses or Canadian development expenses to which the amount relates shall, except for the purposes of that renunciation, be deemed on and after the effective date of the renunciation never to have been Canadian exploration expenses or Canadian development expenses incurred by the corporation. Canadian development expenses to flow-through shareholder (12.62) Where a person gave consideration under an agreement to a corporation for the issue of a flow-through share of the corporation and, in the period that begins on the day the agreement was made and ends 24 months after the end of the month that includes that day, the corporation incurred Canadian development expenses, the corporation may, after it complies with subsection 66(12.6) in respect of the share and before March of the first calendar year that begins after the period, renounce, effective on the day on which the agreement was made or on an earlier day set out in the form prescribed for the purposes of subsection 66(12.7), to the person in respect of the share the amount, if any, by which the part of those expenses that was incurred on or before the effective date of the renunciation (which part is in this subsection referred to as the “specified expenses”) exceeds the total of (a) the assistance that the corporation has received, is entitled to receive, or can reasonably be expected to receive at any time, and that can reasonably be related to the specified expenses or to Canadian development activities to which the specified expenses relate (other than assistance that can reasonably be related to expenses referred to in any of paragraphs (b) to (b.2)), (b) all specified expenses that are prescribed Canadian exploration and development overhead expenses of the corporation, (b.1) all specified expenses that are described in paragraph (e) of the definition Canadian development expense in subsection 66.2(5) or that are described in paragraph (f) of that definition because of the reference in the latter paragraph to paragraph 66(12.62)(e), (b.2) if the agreement is made after March 2023, all specified expenses that are not described in paragraph (b) or (b.1) and that would be Canadian development SUBDIVISION E Deductions in Computing Income expenses if the definition mineral resource in subsection 248(1) were read without reference to its paragraphs (a) and (d), and (c) the total of amounts that are renounced on or before the day on which the renunciation is made by any other renunciation under this subsection or subsection 66(12.601) in respect of those expenses, but not in any case (d) exceeding the amount, if any, by which the consideration for the share exceeds the total of other amounts renounced in respect of the share under this subsection or subsection 66(12.6) or 66(12.601) on or before the day on which the renunciation is made, or (e) exceeding the amount, if any, by which the cumulative Canadian development expense of the corporation on the effective date of the renunciation computed before taking into account any amounts renounced under this subsection on the date on which the renunciation is made, exceeds the total of all amounts renounced under this subsection in respect of any other share. (i) on the date on which the renunciation is made, and (a) the Canadian development expenses to which the amount relates shall be deemed to be Canadian development expenses incurred in that amount by the person on the effective date of the renunciation; and (b) the Canadian development expenses to which the amount relates shall, except for the purposes of that renunciation, be deemed on and after the effective date of the renunciation never to have been Canadian development expenses incurred by the corporation. Expenses in the first 60 days of year (a) a corporation that issues a flow-through share to a person under an agreement incurs, in a particular calendar year, Canadian exploration expenses or Canadian development expenses, SUBDIVISION E Deductions in Computing Income (a.1) the agreement was made in the preceding calendar year, (b) the expenses (i) are described in paragraph (a), (d), (f) or (g.1) of the definition Canadian exploration expense in subsection 66.1(6) or paragraph (a) or (b) of the definition Canadian development expense in subsection 66.2(5), (ii) would be described in paragraph (h) of the definition Canadian exploration expense in subsection 66.1(6) if the reference to “paragraphs (a) to (d) and (f) to (g.4)” in that paragraph were read as “paragraphs (a), (d), (f) and (g.1)”, or (iii) would be described in paragraph (f) of the definition Canadian development expense in subsection 66.2(5) if the words “any of paragraphs 66(12.6)(a) to (e)” were read as “paragraph 66(12.6)(a) or (b)”, (c) before the end of that preceding year the person paid the consideration in money for the share to be issued, (d) the corporation and the person deal with each other at arm’s length throughout the particular year, and (e) in January, February or March of the particular year, the corporation renounces an amount in respect of the expenses to the person in respect of the share in accordance with subsection 66(12.6) or 66(12.601) and the effective date of the renunciation is the last day of that preceding year, the corporation is, for the purpose of subsection (12.6), or of subsection (12.601) and paragraph (12.602)(b), as the case may be, deemed to have incurred the expenses on the last day of that preceding year. (a) not to have renounced under any of subsections 66(12.6), 66(12.601) and 66(12.62) any expenses that are deemed to have been incurred by it because of a renunciation under this section by another corporation that is not related to it; (b) not to have renounced under subsection 66(12.601) to a trust, corporation or partnership any Canadian development expenses (other than expenses renounced to another corporation that renounces under subsection 66(12.6)) or Canadian exploration expenses deemed to have been incurred by it because of Restrictions the renunciation under subsection 66(12.601) if, in respect of the renunciation under subsection 66(12.601), it has a prohibited relationship with the trust, corporation or partnership; (c) not to have renounced under subsection 66(12.601) any Canadian development expenses deemed to have been incurred by it because of a renunciation under subsection 66(12.62); and (d) not to have renounced under subsection 66(12.6) to a particular trust, corporation or partnership any Canadian exploration expenses other than expenses ultimately renounced by another corporation under subsection 66(12.6) to an individual (other than a trust) or to a trust, corporation or partnership with which that other corporation does not have, at the time of that ultimate renunciation, a prohibited relationship deemed to be incurred by it because of a renunciation under subsection 66(12.601) if, in respect of the renunciation under subsection 66(12.601), it has a prohibited relationship with the particular trust, corporation or partnership. Prohibited relationship (12.671) For the purposes of subsection 66(12.67), where a trust, corporation (in paragraph 66(12.671)(b) referred to as the “shareholder corporation”) or partnership, as the case may be, gave consideration under a particular agreement for the issue of a flow-through share of a particular corporation, the particular corporation has, in respect of a renunciation under subsection 66(12.6) or 66(12.601) in respect of the share, a prohibited relationship (a) with the trust if, at any time after the particular agreement was entered into and before the share is issued to the trust, the particular corporation or any corporation related to the particular corporation is beneficially interested in the trust; (b) with the shareholder corporation if, immediately before the particular agreement was entered into, the shareholder corporation was related to the particular corporation; or (c) with the partnership if any part of the amount renounced would, but for subsection 66.7(7001), be included, because of paragraph (h) of the definition Canadian exploration expense in subsection 66.1(6), in the Canadian exploration expense of (i) the particular corporation, or (ii) any other corporation that is related to the particular corporation after the particular agreement was entered into and before the share is issued to the partnership. SUBDIVISION E Deductions in Computing Income (ii) any other corporation that, at any time (A) after the particular agreement was entered into, and (B) before that part of the amount renounced would, but for this paragraph, be incurred, would, if flow-through shares issued by the particular corporation under agreements entered into at the same time as or after the time the particular agreement was entered into were disregarded, be related to the particular corporation. (12.68) A corporation that agrees to issue or prepares a selling instrument in respect of flow-through shares shall file with the Minister a prescribed form together with a copy of the selling instrument or agreement to issue the shares on or before the last day of the month following the earlier of (a) the month in which the agreement to issue the shares is entered into, and (b) the month in which the selling instrument is first delivered to a potential investor, and the Minister shall thereupon assign an identification number to the form and notify the corporation of the number. (12.69) Where, in a fiscal period of a partnership, an expense is incurred by the partnership as a consequence of a renunciation of an amount under subsection 66(12.6), 66(12.601) or 66(12.62), the partnership shall, before the end of the third month that begins after the end of the period, file with the Minister a prescribed form identifying the share of the expense attributable to each member of the partnership at the end of the period. Consequences of failure to file (12.6901) Where a partnership fails to file a prescribed form as required under subsection 66(12.69) in respect of an expense, except for the purpose of subsection 66(12.69) the partnership is deemed not to have incurred the expense. Filing re assistance (12.691) Where a partnership receives or becomes entitled to receive assistance as an agent for its members or former members at a particular time in respect of any Canadian exploration expense or Canadian development expense that is or, but for paragraph 66(12.61)(b) or 66(12.63)(b), would be incurred by a corporation, the following rules apply: (a) where the entitlement of any such member or former member to any part of the assistance is known by the partnership as of the end of the partnership’s first fiscal period ending after the particular time and that part of the assistance was not required to be reported under paragraph 66(12.691)(b) in respect of a calendar year ending before the end of that fiscal period, the partnership shall, on or before the last day of the third month following the end of that fiscal period, file with the Minister a prescribed form indicating the share of that part of the assistance paid to each of those members or former members before the end of that fiscal period or to which each of those members or former members is entitled at the end of that fiscal period; (b) where the entitlement of any of those members or former members to any part of the assistance is known by the partnership as of the end of a calendar year that ends after the particular time and that part of the assistance was not required to be reported under paragraph 66(12.691)(a) in respect of a fiscal period ending on or before the end of that calendar year, or under this paragraph in respect of a preceding calendar year, the partnership shall, on or before the last day of the third month following the end of that calendar year, file with the Minister a prescribed form indicating the share of that part of the assistance paid to each of those members or former members before the end of that calendar year or to which those members or former members is entitled at the end of that calendar year; and (c) where a prescribed form required to be filed under paragraph 66(12.691)(a) or 66(12.691)(b) is not so filed, the part of that expense relating to the assistance required to be reported in the prescribed form shall be deemed not to have been incurred by the partnership. (12.7) Where a corporation renounces an amount in respect of Canadian exploration expenses or Canadian development expenses under subsection 66(12.6), 66(12.601) or 66(12.62), the corporation shall file a prescribed form in respect of the renunciation with the Minister before the end of the first month after the month in which the renunciation is made. Consequences of failure to file (12.7001) Where a corporation fails to file a prescribed form as required under subsection 66(12.7) in respect of a renunciation of an amount, subsections 66(12.61) and 66(12.63) do not apply in respect of the amount. Filing re assistance (12.701) Where a corporation receives or becomes entitled to receive assistance as an agent in respect of any Canadian exploration expense or Canadian development expense that is, or but for paragraph (66.1 2(6.1)(b)) or (66.1 2(6.3)(b)), would be incurred by the corporation, the corporation shall, before the end of the first month after the particular month in which it first becomes known to the corporation that a person that holds a flow-through share of the corporation is entitled to a share of any part of the assistance, file with the Minister a prescribed form identifying the share of the assistance to which each of those persons is entitled at the end of the particular month. Consequences of failure to file (12.702) Where a corporation fails to file a prescribed form as required under subsection (66.12(701)) in respect of assistance, except for the purpose of subsection (12.701) the Canadian exploration expense or Canadian development expense to which the assistance relates is deemed not to have been incurred by the corporation. (12.71) A corporation may renounce an amount under subsection (66.12(6), 66(12.601) or 66(12.62) i
(entité exclue) (d) throughout the relevant period and at the time of payment Impôt sur le revenu
Where a taxpayer has incurred an outlay or expense in respect of which a deduction from income is authorized under more than one provision of this section or section 66.1, 66.2 or 66.4, the taxpayer is not entitled to make the deduction under more than one provision but is entitled to select the provision under which to make the deduction. Short taxation year (13.1) If a taxpayer has a taxation year that is less than 51 weeks, the amount determined in respect of the year under each of subparagraph (4)(b)(i), paragraphs 66.2(2)(c) and (d), subparagraph (b)(i) of the definition global foreign resource limit in subsection 66.2(11), subparagraph 66.21(4)(a)(i), clause 66.21(4)(a)(ii)(B) and paragraphs 66.4(2)(b) and (c) and 66.7(2.3)(a), (4)(a) and (5)(a) shall not exceed that proportion of the amount otherwise determined that the number of days in the year is of 365. Amounts deemed deductible under this Subdivision
For the purposes of section 3, any amount deductible under the Income Tax Application Rules in respect of this subsection shall be deemed to be deductible under this Subdivision. Designation respecting Canadian exploration expense (14.1) A corporation may designate for a taxation year, by filing a designation in prescribed form with the Minister on or before the day on or before which it is required to file a return of its income for the year under section 150, a particular amount not exceeding the lesser of (a) its prescribed Canadian exploration expense for the year, and (b) its cumulative Canadian exploration expense at the end of the year, and the particular amount shall be added in computing its cumulative offset account immediately before the end of the year and deducted in computing its cumulative Canadian exploration expense at any time after the end of the year. Designation respecting cumulative Canadian development expense (14.2) A corporation may designate for a taxation year, by filing a designation in prescribed form with the Minister on or before the day on or before which it is required to file a return of its income for the year under section 150, a particular amount not exceeding (a) where a deduction has been made under subsection 66.2(2) in computing its income for the year, the lesser of (i) 30% of its prescribed Canadian development expense for the year, and (ii) the amount, if any, by which 30% of its cumulative Canadian development expense at the end of the year exceeds the amount, if any, deducted for the year under subsection 66.2(2) in computing its income for the year, or (b) where a deduction has not been made under subsection 66.2(2) in computing its income for the year, the lesser of (i) 30% of its prescribed Canadian development expense for the year, and (ii) 30% of the amount, if any, of its adjusted cumulative Canadian development expense at the end of the year, and the particular amount shall be added in computing its cumulative offset account immediately before the end of the year and deducted in computing its cumulative Canadian development expense at any time after the end of the year. Definition of adjusted cumulative Canadian development expense (14.3) For the purposes of paragraph 66(14.2)(b), adjusted cumulative Canadian development expense of a corporation at the end of a taxation year means the amount, if any, that would be its cumulative Canadian SUBDIVISION E Deductions in Computing Income development expense at the end of the year, if no Canadian resource property were disposed of by it in the year. (14.4) Where, in the opinion of the Minister, the circumstances of a case are such that it would be just and equitable (a) to permit a designation under subsection 66(14.1) or 66(14.2) to be filed after the day on or before which it is required by that subsection to be filed, or the Minister may permit the designation to be filed or amended, as the case may be, after that day, and where the designation or amendment is filed pursuant to that permission, it shall be deemed to have been filed on the day on or before which it was required to be filed if (c) it is filed with the Minister in prescribed form, and and where a designation is amended under this subsection, the designation to which the amendment is made shall be deemed not to have been effective. Penalty for late designation (14.5) For the purposes of this section, the penalty in respect of a designation or amended designation referred to in paragraph 66(14.4)(a) or 66(14.4)(b) is the lesser of (a) an amount determined by the formula (i) in the case of a late-filed designation, the amount designated therein, and (ii) in the case of an amended designation, the amount, if any, by which the amount designated in the designation being amended differs from the amount designated in the amended designation, and B is the number of months each of which is included in whole or in part in the period commencing on the day on or before which the designation was required to be filed under subsection 66(14.1) or 66(14.2), as the case may be, and ending on the day the late-filed designation or amended designation, as the case may be, is filed, and (b) an amount, not exceeding $8,000, equal to the product obtained by multiplying $100 by the number of months each of which is included in whole or in part in the period referred to in the description of B in paragraph 66(14.5)(a). Deduction of carved-out income (14.6) A taxpayer may deduct in computing the taxpayer's income under this Part for a taxation year, an amount equal to the total of the taxpayer's carved-out incomes for the year within the meaning assigned by subsection 209(1). agreed portion in respect of a corporation that was a shareholder corporation of a joint exploration corporation means such amount as may be agreed on between the joint exploration corporation and the shareholder corporation not exceeding (a) the total of all amounts each of which is a payment or loan referred to in paragraph (b) of the definition shareholder corporation in this subsection 66(15) except to the extent that the payment or loan was made by a shareholder corporation that was not a Canadian corporation and was used by the joint exploration corporation to acquire a Canadian resource property after December 11, 1979 from a shareholder corporation that was not a Canadian corporation) made by the shareholder corporation to the joint exploration corporation during the period it was a shareholder corporation of the joint exploration corporation, (b) the total of the amounts, if any, previously renounced by the joint exploration corporation under any of subsections 66(10) to 66(10.3) in favour of the shareholder corporation; (partie convenue) assistance means any amount, other than a prescribed amount, received or receivable at any time from a person or government, municipality or other public authority, whether the amount is by way of grant, subsidy, rebate, forgivable loan, deduction from royalty or tax, rebate of royalty or tax, investment allowance or any other form of assistance or benefit; (montant à titre d’aide) Canadian exploration and development expenses incurred by a taxpayer means any expense incurred before May 7, 1974 that is SUBDIVISION E Deductions in Computing Income (a) any drilling or exploration expense, including any general geological or geophysical expense, incurred by the taxpayer after 1971 on or in respect of exploring or drilling for petroleum or natural gas in Canada, (b) any prospecting, exploration or development expense incurred by the taxpayer after 1971 in searching for minerals in Canada, (c) the cost to the taxpayer of any Canadian resource property acquired by the taxpayer after 1971, (d) the taxpayer’s share of the Canadian exploration and development expenses incurred after 1971 by any association, partnership or syndicate in a fiscal period thereof, if at the end of that fiscal period the taxpayer was a member or partner thereof, (e) any expense incurred by the taxpayer after 1971 pursuant to an agreement with a corporation under which the taxpayer incurred the expense solely in consideration for shares of the capital stock of the corporation issued to the taxpayer by the corporation or any interest in such shares or right thereto, to the extent that the expense was incurred as or on account of the cost of (i) drilling or exploration activities, including any general geological or geophysical activities, in or in respect of exploring or drilling for petroleum or natural gas in Canada, (ii) prospecting, exploration or development activities in searching for minerals in Canada, or (iii) acquiring a Canadian resource property, and (f) any annual payment made by the taxpayer for the preservation of a Canadian resource property, but, for greater certainty, does not include (g) any consideration given by the taxpayer for any share or any interest therein or right thereto, except as provided by paragraph (e), or (h) any expense described in paragraph (e) incurred by another taxpayer to the extent that the expense was, by virtue of that paragraph, a Canadian exploration and development expense of that other taxpayer; (frais d’exploration et d’aménagement au Canada) Canadian resource property of a taxpayer means any property of the taxpayer that is (a) any right, licence or privilege to explore for, drill for or take petroleum, natural gas or related hydrocarbons in Canada, (i) store underground petroleum, natural gas or related hydrocarbons in Canada, or (ii) prospect, explore, drill or mine for minerals in a mineral resource in Canada other than a bituminous sands deposit or an oil shale deposit, (c) any oil or gas well in Canada or any real property or immovable in Canada the principal value of which depends on its petroleum, natural gas or related hydrocarbon content (not including any depreciable property), (d) any right to a rental or royalty computed by reference to the amount or value of production from an oil or a gas well in Canada, or from a natural accumulation of petroleum, natural gas or a related hydrocarbon in Canada, if the payer of the rental or royalty has an interest in, or for civil law a right in, the well or the accumulation, as the case may be, and 90% or more of the rental or royalty is payable out of, or from the proceeds of, the production from the well or accumulation, (e) any right to a rental or royalty computed by reference to the amount or value of production from a mineral resource in Canada, other than a bituminous sands deposit or an oil shale deposit, if the payer of the rental or royalty has an interest in, or for civil law a right in, the mineral resource and 90% or more of the rental or royalty is payable out of, or from the proceeds of, the production from the mineral resource, (f) any real property or immovable in Canada (not including any depreciable property) the principal value of which depends on its mineral resource content other than where the mineral resource is a bituminous sands deposit or an oil shale deposit, (g) any right to or interest in — or, for civil law, any right to or in — any property described in any of paragraphs (a) to (e), other than a right or an interest that the taxpayer has because the taxpayer is a beneficiary under a trust or a member of a partnership, or (h) an interest in real property described in paragraph (f) or a real right in an immovable described in that paragraph, other than an interest or a right that the taxpayer has because the taxpayer is a beneficiary under a trust or a member of a partnership; (Canadian resource property) SUBDIVISION e Deductions in Computing Income drilling or exploration expense incurred on or in respect of exploring or drilling for petroleum or natural gas includes any expense incurred on or in respect of (a) drilling or converting a well for the disposal of waste liquids from a petroleum or natural gas well, (b) drilling for water or gas for injection into a petroleum or natural gas formation, or expense, incurred before a particular time by a taxpayer, (a) includes an amount designated by the taxpayer at that time under paragraph 89(3)(d) or (5)(d) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as a cost in respect of property that is a Canadian resource property or a foreign resource property, (b) for greater certainty, does not include any amount paid or payable (i) as consideration for services to be rendered after that time, or flow-through share means a share (other than a prescribed share) of the capital stock of a principal-business corporation, or a right (other than a prescribed right) to acquire a share of the capital stock of a principal-business corporation, issued to a person under an agreement in writing made between the person and the corporation under which the corporation, for consideration that does not include property to be exchanged or transferred by the person under the agreement in circumstances to which any of sections 51, 85, 85.1, 86 and 87 applies, agrees (a) to incur, in the period that begins on the day on which the agreement was made and ends 24 months after the month that includes that day, Canadian exploration expenses or Canadian development expenses in an amount not less than the consideration for which the share or right is to be issued, and (b) to renounce, in prescribed form and before March of the first calendar year that begins after that period, to the person in respect of the share or right, an amount in respect of the Canadian exploration expenses or Canadian development expenses so incurred by it not exceeding the consideration received by the corporation for the share or right; (action accréditive) foreign exploration and development expenses incurred by a taxpayer means (a) any drilling or exploration expense, including any general geological or geophysical expense, incurred by the taxpayer after 1971 on or in respect of exploring or drilling for petroleum or natural gas outside Canada, (b) any expense incurred by the taxpayer for the purpose of determining the existence, location, extent or quality of a mineral resource outside Canada, including any expense incurred in the course of (iii) drilling by rotary, diamond, percussion or other method, or (iv) trenching, digging test pits and preliminary sampling, (c) the cost to the taxpayer of any foreign resource property acquired by him, (d) subject to section 66.8, the taxpayer’s share of the foreign exploration and development expenses incurred after 1971 by a partnership in a fiscal period thereof, if at the end of that period the taxpayer was a member of the partnership, and (e) any annual payment made by the taxpayer for the preservation of a foreign resource property; but does not include (f) any amount included at any time in the capital cost to the taxpayer of any depreciable property of a prescribed class, (g) an expenditure incurred at any time after the commencement of production from a foreign resource property of the taxpayer in order to evaluate the feasibility of a method of recovery of petroleum, natural gas or related hydrocarbons from the portion of a natural reservoir to which the foreign resource property relates, (h) an expenditure (other than a drilling expense) incurred at any time after the commencement of production from a foreign resource property of the taxpayer in order to assist in the recovery of petroleum, natural gas or related hydrocarbons from the portion of a natural reservoir to which the foreign resource property relates, (i) an expenditure incurred at any time relating to the injection of any substance to assist in the recovery of petroleum, natural gas or related hydrocarbons from a natural reservoir, (j) an expenditure that is the cost, or any part of the cost, to the taxpayer of any depreciable property of a prescribed class that was acquired after December 21, 2000, (l) an expenditure made after February 27, 2000 by the taxpayer unless the expenditure was made (i) pursuant to an agreement in writing made by the taxpayer before February 28, 2000, (ii) for the acquisition of foreign resource property by the taxpayer, or (iii) for the purpose of (A) enhancing the value of foreign resource property that the taxpayer owned at the time the expenditure was incurred or that the taxpayer had a reasonable expectation of owning after that time, or (B) assisting in evaluating whether a foreign resource property is to be acquired by the taxpayer; foreign resource property of a taxpayer means any property that would be a Canadian resource property of the taxpayer if the definition Canadian resource property in this subsection were read as if the references therein to “in Canada” were references to “outside Canada”; (avoir minier étranger) joint exploration corporation means a principal-business corporation that has not at any time since its incorporation had more than 10 shareholders, not including any individual holding a share for the sole purpose of qualifying as a director; (société d’exploration en commun) (specified foreign exploration and development expense) original owner of a Canadian resource property or a foreign resource property means a person (a) who owned the property and disposed of it to a corporation that acquired it in circumstances in which subsection 29(25) of the Income Tax Application Rules or subsection 66.7(1), (2), (2.3), (3), (4) or (5) applies, or would apply if the corporation had continued to own the property, to the corporation in respect of the property, and (b) who would, but for subsection 66.7(12), (13), (13.1) or (17), as the case may be, be entitled in computing that person’s income for a taxation year that ends after that person disposed of the property to a deduction under section 29 of the Income Tax Application Rules or subsection (2), (3) or (4), 66.1(2) or (3), 66.2(2), 66.2(4) or 66.4(2) of this Act in respect of expenses described in subparagraph 29(25)(c)(i) or (ii) of that Act, Canadian exploration and development expenses, foreign resource pool expenses, Canadian exploration expenses, Canadian development expenses or Canadian oil and gas property expenses incurred by the person before the person disposed of the property; (propriétaire obligé) outlay, made before a particular time by a taxpayer, has the meaning assigned to the expression expense by this subsection; (dépenses) predecessor owner of a Canadian resource property or a foreign resource property means a corporation (a) that acquired the property in circumstances in which subsection 29(25) of the Income Tax Application Rules or subsection 66.7(1), (2), (2.3), (3), (4) or (5) applies, or would apply if the corporation had continued to own the property, to the corporation in respect of the property, (b) that disposed of the property to another corporation that acquired it in circumstances in which subsection 29(25) of the Income Tax Application Rules or subsection 66.7(1), (2), (2.3), (3), (4) or (5) applies, or would apply if the other corporation had continued to own the property, to the other corporation in respect of the property, and (c) that would, but for subsection 66.7(14), (15), (15.1) or (17), as the case may be, be entitled in computing its income for a taxation year ending after it disposed of the property to a deduction under subsection 29(25) of the Income Tax Application Rules or subsection 66.7(1), (2), (2.3), (3), (4) or (5) in respect of expenses incurred by an original owner of the property; (propriétaire antérieur) principal-business corporation means a corporation the principal business of which is any of, or a combination of, (b) mining or exploring for minerals, (c) the processing of mineral ores for the purpose of recovering metals or minerals from the ores, (d) the processing or marketing of metals or minerals that were recovered from mineral ores and that include metals or minerals recovered from mineral ores processed by the corporation, (f) the operation of a pipeline for the transmission of oil or gas, (g) the manufacturing of products, where the manufacturing involves the processing of calcium chloride, gypsum, kaolin, lithium, sodium chloride or potash, (h) the generation or distribution of energy, or the production of fuel, using property described in Class 43.1 or 43.2 of Schedule II to the Income Tax Regulations, (i) the development of projects for which it is reasonable to expect that at least 50% of the capital cost of the depreciable property to be used in each project would be the capital cost of property described in Class 43.1 or 43.2 of Schedule II to the Income Tax Regulations, production from a Canadian resource property or a foreign resource property means (a) petroleum, natural gas and related hydrocarbons produced from the property, SUBDIVISION E Deductions in Computing Income (b) heavy crude oil produced from the property processed to any stage that is not beyond the crude oil stage or its equivalent, (c) ore (other than iron ore or tar sands) produced from the property processed to any stage that is not beyond the prime metal stage or its equivalent, (d) iron ore produced from the property processed to any stage that is not beyond the pellet stage or its equivalent, (e) tar sands produced from the property processed to any stage that is not beyond the crude oil stage or its equivalent, and (f) any rental or royalty from the property computed by reference to the amount or value of the production of petroleum, natural gas or related hydrocarbons or ore; (production) reserve amount of a corporation for a taxation year in respect of an owner or predecessor owner of a Canadian resource property means the amount determined by the formula A is the total of all amounts that are (a) required by subsection 59(2) to be included in computing the corporation’s income for the year, and (b) in respect of a reserve, deducted in computing the income of the original owner or predecessor owner and deemed by paragraph 87(2)(g) or by virtue of that paragraph and paragraph 88(1)(e.2) to have been deducted by the corporation as a reserve in computing its income for a preceding taxation year, and B is the total of amounts deducted in computing the corporation’s income for the year by virtue of subsection 64(1), 64(1.1) or 64(1.2) in respect of dispositions by the original owner or predecessor owner, as the case may be; (provision) selling instrument in respect of flow-through shares means a prospectus, registration statement, offering memorandum, term sheet or other similar document that describes the terms of the offer (including the price and number of shares) pursuant to which a corporation offers to issue flow-through shares; (avis d’émission) shareholder corporation of a joint exploration corporation means a corporation that for the period in respect of which the expression is being applied (a) was a shareholder of the joint exploration corporation, and (b) made a payment or loan to the joint exploration corporation in respect of Canadian exploration and development expenses, a Canadian exploration expense, a Canadian development expense or a Canadian oil and gas property expense incurred or to be incurred by the joint exploration corporation; (société actionnaire) specified foreign exploration and development expenses of a taxpayer in respect of a country (other than Canada) means an amount that is included in the taxpayer’s foreign exploration and development expenses and that is (a) a drilling or exploration expense, including any general geological or geophysical expense, incurred by the taxpayer on or in respect of exploring or drilling for petroleum or natural gas in that country, (a.1) an expense incurred by the taxpayer after December 21, 2000 (otherwise than pursuant to an agreement in writing made before December 22, 2000) for the purpose of determining the existence, location, extent or quality of a mineral resource in that country, including any expense incurred in the course of (iii) drilling by rotary, diamond, percussion or other methods, or (iv) trenching, digging test pits and preliminary sampling, (b) a prospecting, exploration or development expense incurred by the taxpayer before December 22, 2000 (or after December 21, 2000 pursuant to an agreement in writing made before December 22, 2000) in searching for minerals in that country, (c) the cost to the taxpayer of the taxpayer’s foreign resource property in respect of that country, (d) an annual payment made by the taxpayer in a taxation year of the taxpayer for the preservation of a foreign resource property in respect of that country, (e) an amount deemed by subsection 21(2) or (4) to be a foreign exploration and development expense incurred by the taxpayer, to the extent that it can reasonably be considered to relate to an amount that, SUBDIVISION E Deductions in Computing Income without reference to this paragraph and paragraph (f), would be a specified foreign exploration and development expense in respect of that country, or Other definitions Partnerships
For the purposes of subsections 66(12.6) to 66(12.73), the definitions assistance and flow-through share in subsection 66(15) and subsections 66(18), 66(19) and 66.3(3) and 66.3(4), a partnership is deemed to be a person and its taxation year is deemed to be its fiscal period. Non-arm’s length partnerships
For the purpose of paragraph (12.66)(d), a partnership and a corporation are, at all times in a calendar year, (a) deemed not to deal with each other at arm’s length, if (i) an expense is deemed by subsection (12.61) to be incurred by the partnership, (ii) the expense would, if this Act were read without reference to paragraph (12.6)(1)b), be incurred in the calendar year by the corporation, and (iii) a share of the expense is included, because of paragraph (h) of the definition Canadian exploration expense in subsection 66.1(6), in the Canadian exploration expense of the corporation or a member of the partnership with whom the corporation, at any time in that calendar year, does not deal at arm’s length; and (b) deemed to deal with each other at arm’s length, in any other case. Members of partnerships
l’entité admissible du groupe si ce bilan était dressé conformément aux principes comptables généralement reconnus utilisés au Canada, autre qu’une somme qui a déjà été incluse en vertu de la présente division en raison du fait que la valeur des actions du capital-actions d’une société étrangère affiliée comprend la valeur des actions du capital-actions d’une autre société étrangère affiliée qui est détenue, directement ou indirectement, par la société étrangère affiliée donnée, (B) le total des sommes dont chaque représentant le montant qui est raisonnable de considérer comme étant la part proportionnelle, du contribuable ou d’une entité admissible du groupe relativement au contribuable, sur la juste valeur marchande de l’ensemble des biens d’une société étrangère affiliée du contribuable, une société étrangère affiliée d’une entité admissible du groupe relativement au contribuable ou d’une société étrangère affiliée d’une entité admissible du groupe relativement au contribuable, ou dont une entité admissible du groupe relativement au contribuable, est un associé, (iii) aucune personne ou société de personnes n’est, à un moment donné de l’année donnée : (A) un actionnaire déterminé ou un bénéficiaire déterminé (au sens du paragraphe 18(5)) du contribuable ou de toute entité admissible du groupe à l’égard du contribuable, qui est résidant au Canada, (B) une société de personnes dont il est raisonnable de considérer que plus de 50 % de la juste valeur marchande de l’ensemble des participations dans celle-ci sont détenues, directement ou indirectement, par une ou plusieurs fiducies ou sociétés de personnes, par des personnes non-résidentes, si les biens de la société de personnes comprennent : (i) specifies (II) si le contribuable ou l’entité admissible du groupe à l’égard du contribuable est une société, les actions, ou le droit d’acquérir des actions, du capital-actions ou autrement, d’une entité admissible du groupe à l’égard du contribuable qui, seul ou avec des actions, ou des droits d’acquérir des actions, détenues par des personnes ou des sociétés de personnes avec lesquelles la société de personnes a un lien de dépendance, dans le cas : 1 confère au moins 25 % des voix pouvant être exprimées à l’assemblée annuelle des actionnaires de la société, 2 confère au moins 25 % de la juste valeur marchande de l’ensemble du capital-actions dans la société, (III) si le contribuable ou l’entité admissible du groupe à l’égard du contribuable est une fiducie, une participation, ou un droit d’acquérir une participation, à titre de bénéficiaire dans une fiducie admissible du groupe à l’égard du contribuable qui, seul ou avec des participations, ou des droits d’acquérir des participations, détenues par des personnes ou des sociétés de personnes avec lesquelles la société de personnes a un lien de dépendance, détient au moins 25 % de la juste valeur marchande de l’ensemble des participations à titre de bénéficiaire dans la fiducie, (iv) la totalité ou la presque totalité des dépenses d’intérêts et de financement du contribuable et de chaque entité admissible du groupe à l’égard du contribuable pour l’année donnée sont payées ou payables aux personnes ou aux sociétés de personnes qui ne sont pas, au cours de l’année donnée, des personnes ou des sociétés de personnes liées relativement à l’impôt qui ont un lien de dépendance avec le contribuable ou une entité admissible du groupe à l’égard du contribuable. (excluded entitlement) fiducie commerciale à participation fixe Fiducie résidant au Canada qui, à un moment donné, remplit les conditions suivantes : a) les seuls bénéficiaires qui peuvent, pour tout motif que ce soit, recevoir, à ce moment ou après, directement de la fiducie, tout revenu ou capital de la fiducie sont les bénéficiaires qui détiennent une participation fixe (au sens du paragraphe 94(1)) dans la fiducie; (bail exclu) (dépenses d’intérêts et de financement exonérées) b) l’une des conditions prévues aux divisions h)(ii)(A) à (C) de la définition de fiducie étrangère exempte au paragraphe 94(1) est remplie. (fixed interest commercial trust) indifférent relativement à l’impôt Personne ou société de personnes qui est, selon le cas : a) une personne exonérée d’impôt en vertu de l’article 149; b) une personne non-résidente; c) une société de personnes dont plus de 50 % de la juste valeur marchande de l’ensemble des participations dans la société de personnes peut raisonnablement être considérée comme détenue directement ou indirectement par l’entremise d’une ou de plusieurs fiducies ou sociétés de personnes, par une ou plusieurs des personnes visées à l’un des alinéas a) ou b). intérêts exclus Montant des intérêts ou montant du crédit-bail, pour une année d’imposition ou un exercice, si toutes les conditions ci-après sont réunies : a) le montant est payé au cours de, ou payable au cours de ou relativement à, l’année ou l’exercice par une société ou une société de personnes (appelée « payeur » dans la présente définition) à une autre société ou société de personnes (appelée « bénéficiaire » dans la présente définition) en vertu de la dette ou à un bail relatif à un bien donné; b) tout au long de la période durant laquelle le montant s’est accumulé (appelée « période pertinente » dans la présente définition) : (i) si le montant représente des intérêts, le payeur doit la dette au bénéficiaire, (ii) si le montant est un montant du crédit-bail, le bail existe entre le payeur et le bénéficiaire; c) si le payeur n’est pas une entité du groupe d’institutions financières, le bénéficiaire n’est pas une entité du groupe d’institutions financières; Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this section, subsection 21(2), sections 59.1 and 66.1 to 66.7, paragraph (d) of the definition investment expense in subsection 110.6(1), the definition pre-production mining expenditure in subsection 127(9) and the descriptions of C and D in subsection 211.91(1), where a person’s share of an outlay or expense made or incurred by a partnership in respect of the partnership is included in respect of the person under paragraph (d) of the definition foreign exploration and development expenses in subsection (15), paragraph (h) of the definition Canadian exploration expense in subsection 66.1(6), paragraph (f) of the definition Canadian development expense in subsection 66.2(5), paragraph (e) of the definition foreign resource expense in subsection 66.21(1) or paragraph (b) of the definition Canadian oil and gas property expense in subsection 66.4(5), the portion of the outlay or expense so included is deemed, except for the purposes of applying the definitions foreign exploration and development expenses, Canadian exploration expense, Canadian development expense, foreign resource expense and Canadian oil and gas property expense in respect of the person, to be made or incurred by the person at the end of that fiscal period. Renunciation by corporate partner, etc. (a) the expression “end of that fiscal period” in subsection 66(18) were read as “time the outlay or SUBDIVISION C Deductions in Computing Income expense was made or incurred by the partnership”; (b) the expression “on the effective date of the renunciation” in each of paragraphs 66(12.6l)(a) and 66(12.63)(a) were read as “at the earliest time that any part of such expense was incurred by the corporation”. Specified amount (a) all or part of the corporation’s share of an outlay or expense made or incurred by a partnership of which the corporation is a member or former member; or Lithium brine well (a) a mine includes a well for the extraction of material from a lithium brine deposit; (b) all wells of a taxpayer for the extraction of material from one or more lithium brine deposits, the material produced from which is sent to the same plant for processing, are deemed to be one mine of the taxpayer; and (c) all wells of a taxpayer for the extraction of material from one or more lithium brine deposits that the Minister, in consultation with the Minister of Natural Resources, determines constitute one project, are deemed to be one mine of the taxpayer. Amount to be included in income
(a) a bank; d) tout au long de la période pertinente et au moment du paiement : (i) le payeur et le bénéficiaire sont tous deux, selon le cas : (A) une société canadienne imposable, (B) une société de personnes dont aucun associé n’est une personne physique, une fiducie ou une société qui n’est pas une société canadienne imposable, (ii) l’une des conditions suivantes est remplie : (A) si le bénéficiaire est une société de personnes, tous les associés du bénéficiaire (sauf une autre société de personnes) sont des entités admissibles du groupe à l’égard : (I) de chaque associé du payeur (sauf une autre société de personnes), si le payeur est une société de personnes, (II) du payeur dans les autres cas; (B) si le bénéficiaire n’est pas une société de personnes, le bénéficiaire est une entité admissible du groupe à l’égard : (I) de chaque associé du payeur (sauf une autre société de personnes), si le payeur est une société de personnes, (II) du payeur dans les autres cas; e) le payeur — ou, si le payeur est une société de personnes, chaque associé du payeur — et le bénéficiaire — ou, si le bénéficiaire est une société de personnes, chaque associé du bénéficiaire — présentent au ministre, relativement à l’année où l’exercice du payeur et du bénéficiaire, un choix conjoint en vertu du présent alinéa selon les modalités réglementaires, dans un document qui : (i) détermine : (A) le montant des intérêts ou le montant du crédit-bail, (B) si le montant représente des intérêts, les sommes impayées, au début et à la fin de la période pertinente, au titre de la dette relativement à laquelle s’applique le présent alinéa, (b) any of the conditions set out in clauses (h)(ii)(A) to (C) in the definition exempt foreign trust in subsection 94(1) is met. (fiducie commerciale à participation fixe) foreign accrual property loss of a foreign affiliate for an affiliation taxation year has the meaning assigned by subsection 5903(3) of the Income Tax Regulations. (perte étrangère accumulée, relative à des biens) A - B where (C) si le montant est un montant du crédit-bail, la juste valeur marchande du bien donné au moment où le bail commence, (ii) est présenté au premier en date de la date d’échéance de production qui est applicable : (A) au payeur pour son année, (B) au bénéficiaire pour son année, (C) si le payeur ou le bénéficiaire est une société de personnes, à l’associé du payeur ou du bénéficiaire pour son année d’imposition qui inclut la fin de l’exercice du payeur ou du bénéficiaire selon le cas. (excluded interest) intérêts pertinents entre sociétés affiliées Relativement à une société étrangère affiliée contrôlée d’un contribuable pour une année d’imposition de la société affiliée, s’entend d’un montant d’intérêts dans la mesure où le montant, à la fois : a) est payé ou payable par la société affiliée à une société étrangère affiliée contrôlée (appelée « autre société affiliée ») de la même personne, ou est reçu ou recevable par la société affiliée d’une autre société, selon le cas : (i) du contribuable (ii) d’un contribuable qui est une entité admissible du groupe relativement au contribuable; b) serait, en l’absence du paragraphe (19), inclus, selon le cas : (i) si le montant est payé ou payable par la société affiliée, dans ses dépenses d’intérêts et de financement de la société affiliée pertinentes pour l’année d’imposition de la société affiliée et dans les revenus d’intérêts et de financement de la société affiliée pertinentes de l’autre société affiliée pour une année d’imposition de la société affiliée, (ii) si le montant est reçu ou à recevoir par la société affiliée, dans ses revenus d’intérêts et de financement de la société affiliée pertinents pour l’année d’imposition de la société affiliée et dans les dépenses d’intérêts et de financement de la société affiliée pertinentes de l’autre société affiliée pour une année d’imposition de la société affiliée. (relevant inter-affiliate interest) montant du crédit-bail Somme représentant la partie d’un paiement donné relativement à un bail donné Income Tax PART I Income Tax DIVISION B Computation of Income
(a) the total of all amounts referred to in the descriptions of F to M in the definition cumulative Canadian exploration expense in subsection 66.1(6) that are deducted in computing the taxpayer’s cumulative Canadian exploration expense at the end of the year exceeds the total of (b) all amounts referred to in the descriptions of A to E.1 in the definition cumulative Canadian exploration expense in subsection 66.1(6) that are included in computing the taxpayer’s cumulative Canadian exploration expense at the end of the year, and (c) the total determined under subparagraph 66.7(12.1)(a)(i) in respect of the taxpayer for the year. Deduction for certain principal-business corporations
Impôt sur le revenu
In computing the income for a taxation year of a principal-business corporation (other than a corporation that would not be a principal-business corporation if the definition principal-business corporation in subsection 66(15) were read without reference to paragraphs (h) and (i) of that definition), there may be deducted any amount that the corporation claims not exceeding the lesser of (i) the amount, if any, by which its cumulative Canadian exploration expense at the end of the year exceeds the amount, if any, designated by it for the year under subsection 66(4.1), and (ii) the amount, if any, by which (A) the total determined under subparagraph 66.7(12.1)(a)(i) in respect of the corporation for the year (B) the amount that would be determined under subsection 66.1(1) in respect of the corporation for the year, if that subsection were read without reference to paragraph (c) thereof, and (b) the amount, if any, by which (i) the amount that would be its income for the year if no deduction (other than a prescribed deduction) were allowed under this subsection or section 65 (ii) the total of all amounts each of which is an amount deducted by the corporation under section 112 or 113 in computing its taxable income for the year. Expenses of other taxpayer
In computing the income for a taxation year of a taxpayer that is not a principal-business corporation, or that is a corporation that would not be a principal-business corporation if the definition principal-business corporation in subsection 66(15) were read without reference to paragraphs (h) and (i) of that definition, there may be deducted such amount as the taxpayer claims not exceeding the total of (a) the amount, if any, by which the taxpayer’s cumulative Canadian exploration expense at the end of the year exceeds the amount, if any, designated by the taxpayer for the year under subsection 66(14.1), and (b) the amount, if any, by which (i) the total determined under subparagraph 66.7(12.1)(a)(i) in respect of the taxpayer for the year (ii) the amount that would, but for paragraph 66.1(1)(c), be the amount determined under subsection 66.1(1) in respect of the taxpayer for the year.
In this section, bitumen upgrading development project, of a taxpayer, means an undertaking for the sole purpose of constructing an upgrading facility to process bitumen or a similar feedstock (all or substantially all of which is from a mineral resource of the taxpayer) from a new mine to the crude oil stage or its equivalent; (projet de valorisation du bitume) Canadian exploration expense of a taxpayer means any expense incurred after May 6, 1974 that is (a) any expense incurred by the taxpayer (other than an expense incurred in drilling or completing an oil or gas well or in building a temporary access road to, or preparing a site in respect of, any such well) for the purpose of determining the existence, location, extent, or quality of an accumulation of petroleum or natural gas (other than a mineral resource) in Canada, including such an expense that is (i) a seismic data acquisition expense, (iv) an expense incurred in respect of environmental studies or community consultations related to the accumulation. (i) a geological, geophysical or geochemical expense, or (ii) an expense for environmental studies or community consultations (including studies or consultations that are undertaken to obtain a right, licence or privilege for the purpose of determining the existence, location, extent or quality of an accumulation of petroleum or natural gas), (b) any expense (other than an expense incurred in drilling or completing an oil or gas well or in building a temporary access road to, or preparing a site in respect of, any such well) incurred by the taxpayer after March, 1985 for the purpose of bringing a natural accumulation of petroleum or natural gas (other than a mineral resource) in Canada into production and incurred prior to the commencement of the production (other than the production from an oil or gas well) in reasonable commercial quantities from such accumulation, including (i) clearing, removing overburden and stripping, and (c) any expense incurred before April, 1987 in drilling or completing an oil or gas well in Canada or in building a temporary access road to, or preparing a site in respect of, any such well, (i) incurred by the taxpayer in the year, or (ii) incurred by the taxpayer in any previous year and included by the taxpayer in computing the taxpayer’s Canadian development expense for a previous taxation year, if, within six months after the end of the year, the drilling of the well is completed and (iii) it is determined that the well is the first well capable of production in commercial quantities from an accumulation of petroleum or natural gas (other than a mineral resource) not previously known to exist, or (iv) it is reasonable to expect that the well will not come into production in commercial quantities within twelve months of its completion, (d) any expense incurred by the taxpayer after March, 1987 and in a taxation year of the taxpayer in drilling or completing an oil or gas well in Canada or in building a temporary access road to, or preparing a site in respect of, any such well if (i) the drilling or completing of the well resulted in the discovery that a natural underground reservoir contains petroleum or natural gas, where (A) before the time of the discovery, no person or partnership had discovered that the reservoir contained either petroleum or natural gas, (B) the discovery occurred at any time before six months after the end of the year, and (C) the expense is incurred (I) before 2021 (excluding an expense that is deemed by subsection 66(12.66) to have been incurred on December 31, 2020), if the expense is incurred in connection with an obligation that was committed to in writing (including a commitment to a government under the terms of a license or permit) by the taxpayer before March 22, 2017, or (II) before 2019 (excluding an expense that is deemed by subsection 66(12.66) to have been incurred on December 31, 2018), in any other case, (ii) the well is abandoned in the year or within six months after the end of the year without ever having produced otherwise than for specified purposes, (iii) the period of 24 months commencing on the day of completion of the drilling of the well ends in the year, the expense was incurred within that period and in the year and the well has not within that period produced otherwise than for specified purposes, or (iv) there has been filed with the Minister, on or before the day that is 6 months after the end of the taxation year of the taxpayer in which the drilling of the well was commenced, a certificate issued by the Minister of Natural Resources certifying that, on the basis of evidence submitted to that Minister, that Minister is satisfied that (A) the total of expenses incurred and to be incurred in drilling and completing the well, in building a temporary access road to the well and in preparing the site in respect of the well will exceed $5,000,000, and (B) the well will not produce, otherwise than for a specified purpose, within the period of 24 months commencing on the day on which the drilling of the well is completed, (e) any expense deemed by subsection 66.1(9) to be a Canadian exploration expense incurred by the taxpayer, (f) any expense incurred by the taxpayer (other than an expense incurred in drilling or completing an oil or gas well or in building a temporary access road to, or preparing a site in respect of, any such well) for the purpose of determining the existence, location, extent or quality of a mineral resource in Canada including such an expense for environmental studies or community consultations (including, notwithstanding subparagraph (v), studies or consultations that are undertaken to obtain a right, licence or privilege for the purpose of determining the existence, location, extent or quality of a mineral resource in Canada) and any expense incurred in the course of (iii) drilling by rotary, diamond, percussion or other methods, or (iv) trenching, digging test pits and preliminary sampling, but not including (v) any Canadian development expense, (vi.1) any expense described in subparagraph (i), (iii) or (iv) in respect of the mineral resource, incurred before a new mine in the mineral resource comes into production in reasonable commercial quantities, that results in revenue or can reasonably be expected to result in revenue earned before the new mine comes into production in reasonable commercial quantities, except to the extent that the total of all such expenses exceeds the total of those revenues, or (vi) any expense that may reasonably be considered to be related to a mine in the mineral resource that has come into production in reasonable commercial quantities or to be related to a potential or actual extension of the mine, (g) any expense incurred by the taxpayer after November 16, 1978 and before March 21, 2013 for the SUBDIVISION E Deductions in Computing Income purpose of bringing a new mine in a mineral resource in Canada, other than a bituminous sands deposit or an oil shale deposit, into production in reasonable commercial quantities and incurred before the new mine comes into production in such quantities, including an expense for clearing, removing overburden, stripping, sinking a mine shaft or constructing an adit or other underground entry, but not including any expense that results in revenue or can reasonably be expected to result in revenue earned before the new mine comes into production in reasonable commercial quantities, except to the extent that the total of all such expenses exceeds the total of those revenues, (g.1) any Canadian renewable and conservation expense incurred by the taxpayer, (g.2) any expense incurred by the taxpayer after March 21, 2011, that is (ii) an eligible oil sands mine development expense, (g.3) any expense incurred by the taxpayer that would be described in paragraph (g) if the reference to “March 21, 2013” in that paragraph were “2017” and that is incurred (i) under an agreement in writing entered into by the taxpayer before March 21, 2013, or (ii) as part of the development of a new mine, if (A) the construction of the new mine was started by, or on behalf of, the taxpayer before March 21, 2013 (and for this purpose construction does not include obtaining permits or regulatory approvals, conducting environmental assessments, community consultations or impact benefit studies, and similar activities), or (B) the engineering and design work for the construction of the new mine, as evidenced in writing, was started by, or on behalf of, the taxpayer before March 21, 2013 (and for this purpose engineering and design work does not include obtaining permits or regulatory approvals, conducting environmental assessments, community consultations or impact benefit studies, and similar activities), (g.4) any expense incurred by the taxpayer, the amount of which is determined by the formula A is an expense that would be described in paragraph (g) if the reference to “March 21, 2013” in that paragraph were “2018” and that is not described in paragraph (g.3), and (i) 100% if the expense is incurred before 2015, (ii) 80% if the expense is incurred in 2015, (iii) 60% if the expense is incurred in 2016, and (iv) 30% if the expense is incurred in 2017, (h) subject to section 66.8, the taxpayer’s share of any expense referred to in any of paragraphs (a) to (d) and (f) to (g.4) incurred by a partnership in a fiscal period of the partnership, if at the end of the period the taxpayer is a member of the partnership, or (i) any expense referred to in any of paragraphs (a) to (g) incurred by the taxpayer pursuant to an agreement in writing with a corporation, entered into before 1976, under which the taxpayer incurred the expense solely as consideration for shares, other than prescribed shares, of the capital stock of the corporation issued to the taxpayer or any interest in or right to — or, for civil law, any right in or to — such shares, but for greater certainty, shall not include (j) any consideration given by the taxpayer for any share or any interest in or right to — or, for civil law, any right in or to — a share, except as provided by paragraph (i), (k) any expense described in paragraph (i) incurred by any other taxpayer to the extent that the expense was, (i) by virtue of that paragraph, a Canadian exploration expense of that other taxpayer, (ii) by virtue of paragraph (g) of the definition Canadian development expense in subsection 66.2(5), a Canadian development expense of that other taxpayer, or (iii) by virtue of paragraph (c) of the definition Canadian oil and gas property expense in subsection 66.4(5), a Canadian oil and gas property expense of that other taxpayer, SUBDIVISION E Deductions in Computing Income (k.1) an expense that is the cost, or any part of the cost, to the taxpayer of any depreciable property of a prescribed class that was acquired after 1987, (l) any amount (other than a Canadian renewable and conservation expense) included at any time in the capital cost to the taxpayer of any depreciable property of a prescribed class, (m) an expenditure incurred at any time after the commencement of production from a Canadian resource property of the taxpayer in order to evaluate the feasibility of a method of recovery of, or to assist in the recovery of, petroleum, natural gas or related hydrocarbons from the portion of a natural reservoir to which the Canadian resource property relates, (n) an expenditure incurred at any time relating to the injection of any substance to assist in the recovery of petroleum, natural gas or related hydrocarbons from a natural reservoir, or (o) the taxpayer’s share of any consideration, expense, cost or expenditure referred to in any of paragraphs (j) to (n) given or incurred by a partnership, but any assistance that a taxpayer has received or is entitled to receive after May 25, 1976 in respect of or related to the taxpayer’s Canadian exploration expense shall not reduce the amount of any of the expenses described in any of paragraphs (a) to (i); (frais d’exploration au Canada) Canadian renewable and conservation expense has the meaning assigned by regulation, and for the purpose of determining whether an outlay or expense in respect of a prescribed energy conservation property is a Canadian renewable and conservation expense, the Technical Guide to Canadian Renewable and Conservation Expenses (CRCE), as amended from time to time and published by the Department of Natural Resources, shall apply conclusively with respect to engineering and scientific matters; (frais liés aux énergies renouvelables et à l’économie d’énergie au Canada) completion, of a specified oil sands mine development project, means the first attainment of a level of average daily output, measured over a 60-day period, equal to at least 60% of the planned level of average daily output (as determined in paragraph (b) of the definition specified oil sands mine development project) for the specified oil sands mine development project; (achèvement) cumulative Canadian exploration expense of a taxpayer at any time in a taxation year means the amount determined by the formula A is the total of all Canadian exploration expenses made or incurred by the taxpayer before that time, B is the total of all amounts that were, because of subsection (1), included in computing the amount referred to in paragraph 59(3.2)(b) for the taxpayer’s taxation years ending before that time, C is the total of all amounts, except amounts in respect of interest, paid by the taxpayer after May 6, 1974 and before that time to Her Majesty in right of Canada in respect of amounts paid to the taxpayer before May 25, 1976 under the regulations referred to in paragraph (a) of the description of H, D is the total of all amounts referred to in the description of G that are established by the taxpayer to have become bad debts before that time, E is such part, if any, of the amount determined for J as has been repaid before that time by the taxpayer pursuant to a legal obligation to repay all or any part of that amount, E.1 is the total of all specified amounts determined under paragraph 66.7(12.1)(a) in respect of the taxpayer for taxation years ending before that time, F is the total of all amounts deducted or required to be deducted in computing the taxpayer’s income for a taxation year ending before that time in respect of the taxpayer’s cumulative Canadian exploration expense, G is the total of all amounts that became receivable by the taxpayer before that time that are to be included in the amount determined under this description by virtue of paragraph 66.1(2.1)(a) or 66.1(2.2)(a), H is the total of all amounts paid to the taxpayer after May 6, 1974 and before May 25, 1976 (a) under the Northern Mineral Exploration Assistance Regulations made under an appropriation Act that provides for payments in respect of the Northern Mineral Grants Program, or (b) pursuant to any agreement entered into between the taxpayer and Her Majesty in right of Canada under the Northern Mineral Grants Program or the Development Program of the Department of Indian Affairs and Northern Development, to the extent that the amounts have been expended by the taxpayer as or on account of Canadian exploration and development expenses or Canadian exploration expense incurred by the taxpayer, I is the total of all amounts each of which is an amount received before that time on account of any amount referred to in the description of, J is the total amount of assistance that the taxpayer has received or is entitled to receive in respect of any Canadian exploration expense incurred after 1980 or that can reasonably be related to Canadian exploration activities after 1980, to the extent that the assistance has not reduced the taxpayer’s Canadian exploration expense by virtue of paragraph 66.1(9)(g), J.1 is the total of all amounts by which the cumulative Canadian exploration expense of the taxpayer is required because of subsection 80(8) to be reduced at or before that time, K is the total of all amounts that are required to be deducted before that time under subsection 66.1(4.1) in computing the taxpayer’s cumulative Canadian exploration expense, L is that portion of the total of all amounts each of which was deducted by the taxpayer under subsection 127(5) or (6) for a taxation year that ended before that time and that can reasonably be attributed to a qualified Canadian exploration expenditure, a pre-production mining expenditure, a flow-through mining expenditure or a flow-through critical mineral mining expenditure (each expenditure as defined in subsection 127(9)) made in a preceding taxation year, and M is the total of all amounts that are required to be deducted before that time under paragraph 66.7(12)(b) in computing the taxpayer’s cumulative Canadian exploration expense; (frais cumulatifs d’exploration au Canada) designated asset, in respect of an oil sands mine development project of a taxpayer, means a property that is a building, a structure, machinery or equipment and is, or is an integral and substantial part of, (a) in the case of a bitumen mine development project, (iv) a steam generation plant, (b) in the case of a bitumen upgrading development project, eligible oil sands mine development expense, of a taxpayer, means an expense incurred by the taxpayer after March 21, 2011 and before 2016, the amount of which is determined by the formula A is an expense that would be a Canadian exploration expense of the taxpayer described in paragraph (g) of the definition Canadian exploration expense if that paragraph were read without reference to “and before March 21, 2013” and “other than a bituminous sands deposit or an oil shale deposit”, but does not include an expense that is a specified oil sands mine development expense, and (a) 100% if the expense is incurred before 2013, (b) 80% if the expense is incurred in 2013, (c) 60% if the expense is incurred in 2014, and preliminary work activity, in respect of an oil sands mine development project, means activity that is preliminary to the acquisition, construction, fabrication or installation by or on behalf of a taxpayer of designated assets in respect of the taxpayer’s oil sands mine development project including, without limiting the generality of the foregoing, the following activities: (b) performing design or engineering work, (c) conducting feasibility studies, restricted expense of a taxpayer means an expense (a) incurred by the taxpayer before April, 1987, (b) that is deemed by paragraph 66(10.2)(c) to have been incurred by the taxpayer, or included by the taxpayer in the amount referred to in paragraph (a) of the definition Canadian development expense in subsection 66.2(5) by virtue of paragraph 66.1(2.3)(b), to the extent that the expense was originally incurred before April, 1987, (c) that was renounced by the taxpayer under subsection 66(10.2), 66(12.601) or 66(12.62), (d) in respect of which an amount referred to in subsection 66(12.3) becomes receivable by the taxpayer, (e) deemed to be a Canadian exploration expense of the taxpayer or any other taxpayer by virtue of subsection 66.1(6.9), or (f) where the taxpayer is a corporation, that was incurred by the corporation before the time control of the corporation was last acquired by a person or persons; (frais spécifiés) specified oil sands mine development expense, of a taxpayer, means an expense that (a) would be a Canadian exploration expense described in paragraph (g) of the definition Canadian exploration expense if that paragraph were read without reference to “and before March 21, 2013” and “other than a bituminous sands deposit or an oil shale deposit”, (b) is incurred by the taxpayer after March 21, 2011 and before 2015, and specified oil sands mine development project, of a taxpayer, means an oil sands mine development project SUBDIVISION E Deductions in Computing Income (not including any preliminary work activity) in respect of which (a) one or more designated assets was, before March 22, 2011, (i) acquired by the taxpayer, or (ii) in the process of being constructed, fabricated or installed, by or on behalf of the taxpayer, and (b) the planned level of average daily output (where that output is bitumen or a similar product in the case of a bitumen mine development project, or synthetic crude oil or a similar product in the case of a bitumen upgrading development project) that can reasonably be expected, is the lesser of (i) the level that was the demonstrated intention of the taxpayer as of March 21, 2011 to produce from the oil sands mine development project, and (a) the operation of an oil or gas well for the sole purpose of testing the well or the well head and related equipment, in accordance with generally accepted engineering practices, (b) the burning of natural gas and related hydrocarbons to protect the environment, and SUBDIVISION E Deductions in Computing Income Deductible expense (6.2) An expense of a taxpayer that is not included in paragraph (f) or (g) of the definition Canadian exploration expense in subsection (6) because the taxpayer earned revenue from a mine in a mineral resource is deemed, for the purposes of this Part, not to be an outlay or payment described in paragraph 18(1)(b). Share of partner
Where a taxpayer is a member of a partnership, the taxpayer’s share of any amount that would be an amount referred to in the description of E, G or J in the definition cumulative Canadian exploration expense in subsection 66.1(6) in respect of the partnership for a taxation year of the partnership if section 96 were read without reference to paragraph 96(1)(d) shall, for the purposes of this Act, be deemed to be an amount referred to in the description of E, G or J, as the case may be, in that definition in respect of the taxpayer for the taxation year of the taxpayer in which the partnership’s taxation year ends. Canadian development expenses for preceding years
conclu par un contribuable qui serait considéré au titre des intérêts si les conditions ci-après sont réunies : a) le preneur avait reçu un prêt au moment où le bail donné a commencé et le principal correspond à la juste valeur marchande du bien à ce moment qui est assujetti au bail donné; b) des intérêts, composés semestriellement et non à l’avance, avaient été imputés sur le principal du prêt à rembourser aux taux établis conformément à l’article 4302 du Règlement de l’impôt sur le revenu en vigueur au moment visé à l’alinéa a); c) le paiement donné était un paiement de principal et d’intérêts, calculé conformément à l’alinéa b), sur le prêt appliqué d’abord à la réduction des intérêts sur le principal, ensuite en réduction des intérêts sur les intérêts impayés et enfin en réduction du principal. (lease financing amount) opération Comprend les arrangements ou les événements. (transaction) perte antérieure au régime déterminée À l’égard d’un contribuable pour une année d’imposition, s’entend de la perte ou de la perte en capital du contribuable relativement à une année d’imposition antérieure, si, à la fois : a) l’année antérieure se termine avant le 4 février 2022; b) le contribuable présente au ministre, relativement à la perte, un choix écrit en vertu de la présente définition selon les modalités réglementaires; c) le choix précise les sommes suivantes : (i) la perte, (ii) chaque montant déduit, relativement à la perte, par le contribuable en vertu de l’alinéa 111(1)a) dans le calcul de son revenu imposable : (A) pour l’année, (B) chaque année d’imposition antérieure à l’année, (iii) le revenu imposable rajusté du contribuable pour l’année; d) le choix est présenté au plus tard à la date d’échéance de production qui lui est applicable pour l’année. (specified pre-regime loss) C × D - E - F where b) une somme qui est incluse par le contribuable dans le calcul du revenu pour l’année par l’effet du paragraphe 12(9) ou de l’article 17.1 (sauf tout montant visé par tout autre alinéa de la présente définition); c) des frais ou une somme similaire relativement à une garantie, ou un soutien au crédit similaire, fourni par le contribuable pour le paiement de toute somme sur une créance due par une autre personne ou société de personnes ayant un lien de dépendance avec le contribuable pour l’année (sauf tout montant visé par tout autre alinéa de la présente définition); d) une somme reçue ou à recevoir (à l’exclusion d’un dividende) par le contribuable ou un gain du contribuable, selon le cas, en vertu ou résultant d’une convention ou d’un arrangement, si les conditions ci-après sont réunies : (i) la somme est incluse dans le calcul du revenu du contribuable pour l’année, (ii) la convention ou l’arrangement est conclu relativement à un prêt ou autre financement du contribuable ou fourni par l’un de ceux-ci, (iii) il est raisonnable de considérer la somme comme augmentant le rendement (ou faisant partie du rendement) du contribuable ou d’une personne ou société de personnes ayant un lien de dépendance avec le contribuable à l’égard du prêt ou d’un autre financement y compris à la suite de toute couverture du rendement ou du prêt ou d’un autre financement); e) un montant du crédit-bail (sauf s’il s’agit d’un bail qui serait un bail exclu pour l’année s’il n’était pas tenu compte de l’alinéa a) de la définition de bail exclu) qui, à la fois : (i) est inclus dans le calcul du revenu du contribuable pour l’année, (ii) ne représente pas des intérêts exclus pour l’année; f) relativement au revenu ou à la perte d’une société de personnes, pour un exercice se terminant dans l’année, tiré d’une source ou de sources situées dans un endroit donné, la somme obtenue par la formule suivante : C × D où : C représente le total des sommes dont chacune représente une somme : G × H where (ii) qui est incluse par la société de personnes dans le calcul de son revenu ou de sa perte tirée de la source ou de la source située dans un endroit donné, pour un exercice, et qui serait visée aux alinéas a) à e) si la mention « contribuable » était remplacée par la mention « société de personnes », (iii) qui est incluse en vertu de l’alinéa g) dans le calcul des revenus d’intérêts et de financement de la société de personnes dans le but d’en calculer le revenu ou la perte tiré de la source ou de la source située dans un endroit donné, pour l’exercice, si la société de personnes était un contribuable pour l’application du présent article, D la proportion déterminée du contribuable si les mentions « revenu total ou à la perte totale » et « au revenu total ou à la perte totale » dans la définition de proportion déterminée au paragraphe 248(1) étaient remplacées respectivement par les mentions « de la source située dans un endroit donné » et « du revenu total ou de la perte totale de la source située dans un endroit donné »; g) relativement à une société qui est une société étrangère affiliée contrôlée du contribuable à la fin d’une année d’imposition de la société affiliée qui se termine dans l’année, une somme obtenue selon la formule suivante : E × F − G où : E représente les revenus d’intérêts et de financement de la société affiliée pertinents de la société affiliée pour l’année d’imposition de la société affiliée, F le pourcentage de participation déterminée du contribuable à l’égard de la société affiliée pour l’année d’imposition de la société affiliée, G un montant (autre que toute partie du montant relativement à l’impôt sur le revenu payé en vertu du paragraphe 212(1)) déduit en application du paragraphe 91(4) dans le calcul du revenu du contribuable pour une année d’imposition à l’égard de l’impôt étranger cumulé (au sens du paragraphe 95(1)) applicable au même revenu ou à la même perte, venu du calcul des revenus d’intérêts et de financement de la société affiliée pertinents de I × J where A - B where la société affiliée pour l’année d’imposition de la société affiliée; B le total des sommes dont chacune représente : a) une somme payée ou payable par le contribuable ou une perte ou une perte en capital du contribuable, selon le cas, en vertu ou résultant d’une convention ou d’un arrangement, dans la mesure où, à la fois : (i) la somme (A) est déductible dans le calcul du revenu du contribuable pour l’année, (B) dans le cas d’une perte en capital, réduit la somme déterminée selon l’alinéa 3b) relativement au contribuable ou est déductible dans le calcul du revenu imposable du contribuable pour l’année (sauf dans la mesure où il a déjà été pris en compte dans la détermination d’une somme en application du présent alinéa pour une année antérieure), (ii) la convention ou l’arrangement est conclu : (A) soit à titre de prêt ou autre financement dû au contribuable, ou une personne ou société de personnes ayant avec le contribuable un lien de dépendance, ou fourni par l’un de ceux-ci, (B) soit relativement à un prêt ou autre financement dû au contribuable, ou une personne ou société de personnes ayant avec le contribuable un lien de dépendance, ou fourni par l’un de ceux-ci, pour couvrir le coût du financement ou l’emprunt ou autre financement, (iii) il est raisonnable de considérer la somme comme réduisant le rendement du contribuable, ou d’une personne ou société de personnes ayant avec le contribuable un lien de dépendance, à l’égard du prêt ou d’autre financement; b) au titre du revenu ou de la perte d’une société de personnes, pour un exercice se terminant dans l’année, tiré d’une source donnée ou de sources situées dans un endroit donné, la somme obtenue par la formule : H × I où : H représente une somme qui serait visée à l’alinéa a) si : C × D where (i) la mention « contribuable » à cet alinéa était remplacée par la mention « société de personnes », (ii) la mention « revenu du contribuable pour l’année donnée » au sous-alinéa a)(i) était remplacée par la mention « revenu ou perte de la société de personnes tiré de la source ou de la source dans un endroit donné, pour l’exercice », la proportion déterminée du contribuable si les mentions « du revenu total ou de la perte totale » et « au revenu total ou à la perte totale » dans la définition de proportion déterminée au paragraphe 248(1) étaient respectivement remplacées par les mentions « de son revenu ou de sa perte, tiré de la source ou de la source située dans un endroit donné » et « à son revenu ou à sa perte, tiré de la source ou de la source située dans un endroit donné »; c) la partie de toute somme de l’élément A (appelée « somme en cause » au présent alinéa) qui est raisonnable de considérer comme étant, selon le cas : (A) comprise ou réputée comprise dans le revenu du contribuable pour l’année donnée en application de l’un des paragraphes 20(11) a (12.1) et 126(1) et (2), (B) au titre de l’impôt sur le revenu ou sur les bénéfices payé à un pays étranger et : (A) qu’il est raisonnable de considérer comme ayant été payé relativement à la somme en cause, (B) il n’est pas un impôt substantiellement semblable à l’impôt en vertu du paragraphe 212(1); d) la partie de toute somme de l’élément A qui n’est pas assujettie à l’impôt en vertu de la présente partie par l’effet de quelque loi fédérale. (interest and financing revenues) revenus d’intérêts et de financement de la société affiliée pertinents À l’égard d’une société étrangère affiliée contrôlée d’un contribuable (calculés comme si la définition de contribuable au présent paragraphe n’incluait pas le passage « ou une société de personnes »), pour une année d’imposition de la société affiliée, sous réserve de l’alinéa (19), le total des sommes qui seraient incluses dans le calcul du revenu ou de la perte de la société affiliée provenant d’une entreprise située exclusivement pour l’application des alinéas 95(2)a) ou 2.44b)). Income Tax PART I Income Tax DIVISION B Computation of Income
Where at any time in a taxpayer’s taxation year (a) the drilling or completing of an oil or gas well resulted in the discovery that a natural underground reservoir contains petroleum or natural gas and, before the time of the discovery, no person or partnership had discovered that the reservoir contained either petroleum or natural gas, (b) the period of 24 months commencing on the day of completion of the drilling of an oil or gas well ends and the well has not, within that period, produced otherwise than for specified purposes, or (c) an oil or gas well that has never produced, otherwise than for specified purposes, is abandoned, the amount, if any, by which the total of (d) all Canadian development expenses (other than restricted expenses) described in subparagraph (a)(ii) of the definition Canadian development expense in subsection 66.2(5) in respect of the well that are deemed by subsection 66.1(0.2) or 66.1(2.63) to have been incurred by the taxpayer in the year or a preceding taxation year, (e) all Canadian development Canadian development expenses (other than restricted expenses) described in subparagraph (a)(ii) of the definition Canadian development expense in subsection 66.2(5) in respect of the well that are required by paragraph 66.1(2.3)(b) to be included by the taxpayer in the amount referred to in paragraph (a) of that definition for the year or a preceding taxation year, and (f) all Canadian development expenses described in subparagraph (a)(ii) of the definition Canadian development expense in subsection 66.2(5) incurred by the taxpayer in respect of the well in a taxation year preceding the year, other than (ii) restricted expenses, and (iii) expenses for a well referred to in paragraph (a) that are incurred (A) after 2020 (including expenses that are deemed by subsection 66.1(2.66) to have been incurred on December 31, 2020), if the expenses are incurred in connection with an obligation that was committed to in writing (including a commitment to a government under the terms of a licence or permit) by the taxpayer before March 22, 2017, and (B) after 2018 (including expenses that are deemed by subsection 66.1(2.66) to have been incurred on December 31, 2018), in any other case, (g) any assistance that the taxpayer or a partnership of which the taxpayer is a member has received or is SUBDIVISION C Deductions in Computing Income shall, for the purposes of this Act, be deemed to be a Canadian exploration expense referred to in paragraph (e) of the definition Canadian exploration expense in subsection 66.1(6) incurred by the taxpayer at that time.
E × F − G where Impôt sur le revenu
A certificate in respect of an oil or gas well issued by the Minister of Natural Resources for the purposes of subparagraph (d)(iv) of the definition Canadian exploration expense in subsection 66.1(6) shall be deemed never to have been issued and never to have been filed with the Minister where (a) the well produces, otherwise than for a specified purpose, within the period of 24 months commencing on the day on which the drilling of the well was completed; or (b) in applying for the certificate, the applicant, in any material respect, provided any incorrect information or failed to provide information. Amount to be included in income
(a) all amounts referred to in the descriptions of E to O in the definition cumulative Canadian development expense in subsection 66.2(5) that are deducted in computing the taxpayer’s cumulative Canadian development expense at the end of the year, and (b) the amount that is designated by the taxpayer for the year under subsection 66.1(4.2) exceeds the total of (c) all amounts referred to in the descriptions of A to I.1 in the definition cumulative Canadian development expense in subsection 66.2(5) that are included in computing the taxpayer’s cumulative Canadian development expense at the end of the year, and Deduction for cumulative Canadian development expenses
A taxpayer may deduct, in computing the taxpayer’s income for a taxation year, such amount as the taxpayer may claim not exceeding the total of (A) the taxpayer’s cumulative Canadian development expense at the end of the year, and (B) the amount, if any, by which (I) the total determined under subparagraph 66.7(12.1)(b)(i) in respect of the taxpayer for the year (II) the amount that would, but for paragraph 66.2(1)(d), be determined under subsection 66.2(1) in respect of the taxpayer for the year, (ii) the amount, if any, by which the amount determined under subparagraph 66.4(2)(a)(ii) exceeds the amount determined under subparagraph 66.4(2)(a)(i), (i) the amount, if any, by which the amount determined under subparagraph 66.2(2)(a)(i) exceeds the amount determined under subparagraph 66.2(2)(a)(ii), and (ii) the amount, if any, by which the total of all amounts each of which is (A) an amount included in the taxpayer’s income for the year by virtue of a disposition in the year of inventory described in section 66.3 that was a share or any interest in or right to — or, for civil law, any right in or to — a share, acquired by the taxpayer under circumstances described in paragraph (g) of the definition Canadian development expense in subsection (5) or paragraph (j) of the definition Canadian exploration expense in subsection 66.1(6), or (B) an amount included by virtue of paragraph 12(1)(e) in computing the taxpayer’s income for the year. the year to the extent that it relates to inventory described in clause 66.2(2)(b)(ii)(A) exceeds (C) the total of all amounts deducted as a reserve by virtue of paragraph 20(1)(n) in computing the taxpayer’s income for the year to the extent that the reserve relates to inventory described in clause 66.2(2)(b)(ii)(A), (c) 30% of the amount, if any, by which the amount determined under subparagraph 66.2(2)(b)(i) exceeds the amount determined under subparagraph 66.2(2)(b)(ii), and (i) for taxation years that end before 2024, 15%, (ii) for taxation years that begin before 2024 and end after 2023, the amount determined by the formula I is the total of all accelerated Canadian development expenses incurred by the taxpayer before 2024 and in the taxation year, J is the total of all accelerated Canadian development expenses incurred by the taxpayer in the taxation year, and K is the total of all accelerated Canadian development expenses incurred by the taxpayer after 2023 and in the taxation year, and (iii) for taxation years that begin after 2023, 7.5%, B is the total of all accelerated Canadian development expenses incurred by the taxpayer in the taxation year, and C is the amount determined by the formula D is the total of the amounts determined for E to O in the definition cumulative Canadian development expense in subsection (5) at the end of the taxation year, E is the total of the amounts determined for E to O in the definition cumulative Canadian development expense in subsection (5) at the beginning of the taxation year, F is the total of the amounts determined for A to D.1 in the definition cumulative Canadian development expense in subsection (5) at the end of the taxation year, G is the total of the amounts determined for A to D.1 in the definition cumulative Canadian development expense in subsection (5) at the end of the preceding taxation year, and H is the amount determined for B.
In this section, accelerated Canadian development expense, of a taxpayer, means any cost or expense incurred by the taxpayer during a taxation year if the cost or expense (a) qualifies as a Canadian development expense at the time it is incurred, other than (i) an expense in respect of which the taxpayer is a successor, within the meaning of subsection 66.7(4), and (ii) a cost in respect of a Canadian resource property acquired by the taxpayer, or a partnership in which the taxpayer is a member, from a person or partnership with which the taxpayer does not deal at arm’s length, (b) is incurred after November 20, 2018 and before 2028, other than expenses deemed to have been incurred on December 31, 2027 because of subsection 66(12.66), and (c) if the Canadian development expense is deemed to be a Canadian development expense incurred by the taxpayer because of paragraph 66(12.63)(a), is an amount renounced under an agreement entered into after November 20, 2018; (frais d’aménagement au Canada accélérés) Canadian development expense of a taxpayer means any cost or expense incurred after May 6, 1974 that is (a) any expense incurred by the taxpayer in (i) drilling or converting a well in Canada for the disposal of waste liquids from an oil or gas well, (ii) drilling or completing an oil or gas well in Canada, building a temporary access road to the well or preparing a site in respect of the well, to the extent that the expense was not a Canadian exploration expense of the taxpayer in the taxation year in which it was incurred, (iii) drilling or converting a well in Canada for the injection of water, gas or any other substance to assist in the recovery of petroleum or natural gas from another well, (iv) drilling for water or gas in Canada for injection into a petroleum or natural gas formation, or (v) drilling or converting a well in Canada for the purposes of monitoring fluid levels, pressure changes or other phenomena in an accumulation of petroleum or natural gas, (b) any expense incurred by the taxpayer in drilling or recompleting an oil or gas well in Canada after the commencement of production from the well, (c) any expense incurred by the taxpayer before November 17, 1978 for the purpose of bringing a mineral resource in Canada into production and incurred prior to the commencement of production from the resource in reasonable commercial quantities, including (i) clearing, removing overburden and stripping, and (c.1) any expense, or portion of any expense, that is not a Canadian exploration expense, incurred by the taxpayer for the purpose of bringing a new mine in a mineral resource in Canada that is a bituminous sands deposit or an oil shale deposit into production and incurred before the new mine comes into production in reasonable commercial quantities, including an expense for clearing the land, removing overburden and stripping, or building an entry ramp, (c.2) any expense, or portion of any expense, that is not a Canadian exploration expense, incurred by the taxpayer after March 20, 2013 for the purpose of bringing a new mine in a mineral resource in Canada, other than a bituminous sands deposit or an oil shale deposit, into production in reasonable commercial quantities and incurred before the new mine comes into production in such quantities, including an expense for clearing, removing overburden, stripping, sinking a mine shaft, constructing an adit or other underground entry or drilling a well for the extraction of lithium from brines, (d) any expense (other than an amount included in the capital cost of depreciable property) incurred by the taxpayer after 1987 (i) in sinking or excavating a mine shaft, main haulage way or similar underground work designed for continuing use, for a mine in a mineral resource in Canada built or excavated after the mine came into production, (ii) in extending any such shaft, haulage way or work referred to in subparagraph (i), or (iii) in drilling or completing a well for the extraction of lithium from brines in Canada after the mine came into production, (e) the cost to the taxpayer of, including any payment for the preservation of a taxpayer’s rights in respect of, any property described in paragraph (b), (c) or (f) of the definition Canadian resource property in subsection 66(15), or any right to or interest in — or for civil law, any right in or to — the property (other than a right or an interest that the taxpayer has by reason of being a beneficiary under a trust or a member of a partnership), (f) subject to section 66.8, the taxpayer’s share of any expense referred to in any of paragraphs (b) to (e) incurred by a partnership in a fiscal period thereof at the end of which the taxpayer was a member of the partnership, unless the taxpayer elects in respect of the share in prescribed form and manner on or before the day that is 6 months after the taxpayer’s taxation year in which that period ends, or (g) any cost or expense referred to in any of paragraphs (b) to (e) incurred by the taxpayer pursuant to an agreement in writing with a corporation, entered into before 1987, under which the taxpayer incurred the cost or expense solely as consideration for shares, other than prescribed shares, of the capital stock of the corporation issued to the taxpayer or any interest in or right to — or, for civil law, any right in or to — such shares, but for greater certainty, shall not include (h) any consideration given by the taxpayer for any share or any interest in or right to — or, for civil law, any right in or to — a share, except as provided by paragraph (g), (i) any expense described in paragraph (g) incurred by any other taxpayer to the extent that the expense was, (ii) by virtue of that paragraph, a Canadian development expense of that other taxpayer, (iii) by virtue of paragraph (j) of the definition Canadian exploration expense in subsection 66.1(6), a Canadian exploration expense of that other taxpayer, or (iii) by virtue of paragraph (c) of the definition Canadian oil and gas property expense in subsection 66.4(5), a Canadian oil and gas property expense of that other taxpayer, (i.1) an expense that is the cost, or any part of the cost, to the taxpayer of any depreciable property of a prescribed class that was acquired after 1987, (j) any amount included at any time in the capital cost to the taxpayer of any depreciable property of a prescribed class, or (k) the taxpayer’s share of any consideration, expense, cost or expenditure referred to in any of paragraphs (h) to (j) given or incurred by a partnership, but any assistance that a taxpayer has received or is entitled to receive after May 25, 1976 in respect of or related to the taxpayer’s Canadian development expense shall not reduce the amount of any of the expenses described in any of paragraphs (a) to (g); (frais d’aménagement au Canada) cumulative Canadian development expense of a taxpayer at any time in a taxation year means the amount determined by the formula A is the total of all Canadian development expenses made or incurred by the taxpayer before that time, B is the total of all amounts that were, because of subsection (1), included in computing the amount referred to in paragraph 59(3.2)(c) for taxation years ending before that time, C is the total of all amounts referred to in the description of F or G that are established by the taxpayer to have become bad debts before that time, D is such part, if any, of the amount determined for M as has been repaid before that time by the taxpayer pursuant to a legal obligation to repay all or any part of that amount, D.1 is the total of all specified amounts, determined under paragraph 66.7(2.1)(b) in respect of the taxpayer for taxation years ending before that time, E is the total of all amounts deducted in computing the taxpayer’s income for a taxation year ending before that time in respect of the taxpayer’s cumulative Canadian development expense, F is the total of all amounts each of which is an amount in respect of property described in paragraph (b), (e) or (f) of the definition Canadian resource property in subsection 66(15) or property disposed of after March 21, 2011 which was described in any of those paragraphs and the cost of which when acquired by the taxpayer was included in the Canadian development expense of the taxpayer, or any right to or interest in — or, for civil law, any right in or to — such a property, other than such a right or an interest that the taxpayer has by reason of being a beneficiary under a trust or a member of a partnership, (in this description referred to as “the particular property”) disposed of by the taxpayer before that time equal to the amount, if any, by which (a) the amount, if any, by which the proceeds of disposition in respect of the particular property that became receivable by the taxpayer after May 6, 1974 and before that time exceed any outlays or expenses that were made or incurred by the taxpayer after May 6, 1974 and before that time for the purpose of making the disposition and that were not otherwise deductible for the purposes of this Part (b) the amount, if any, by which (i) the total of all amounts that would be determined under paragraph 66.7(4)(a), immediately before the time (in this paragraph referred to as the “relevant time”) when such proceeds of disposition became receivable, in respect of the taxpayer and an original owner of the particular property (or of any other property acquired by the taxpayer with the particular property in circumstances in which subsection 66.7(4) applied and in respect of which the proceeds of disposition became receivable by the taxpayer at the relevant time) if (A) amounts that became receivable at or after the relevant time were not taken into account, (B) each designation made under subparagraph 66.7(4)(a)(iii) in respect of an amount that became receivable before the relevant time were made before the relevant time, (c) paragraph 66.7(4)(a) were read without reference to "30% of", and (D) no reduction under subsection 80(8) at or after the relevant time were taken into account exceeds the total of (ii) all amounts that would be determined under paragraph 66.7(4)(a) at the relevant time in respect of the taxpayer and an original owner of the particular property (or of that other property) if (A) amounts that became receivable after the relevant time were not taken into account, (B) each designation made under subparagraph 66.7(4)(a)(iii) in respect of an amount that became receivable at or before the relevant time were made before the relevant time, (C) paragraph 66.7(4)(a) were read without reference to "30% of", (D) amounts described in subparagraph 66.7(4)(a)(iii) that became receivable at the relevant time were not taken into account, and (E) no reduction under subsection 80(8) at or after the relevant time were taken into account, and (iii) such portion of the amount otherwise determined under this paragraph as was otherwise applied to reduce the amount otherwise determined under this description, G is the total of all amounts that became receivable by the taxpayer before that time that are to be included in the amount determined under this description by virtue of paragraph 66(12.1)(b) or 66(12.3)(a), H is the total of all amounts each of which is an amount included by the taxpayer as an expense under paragraph (a) of the definition Canadian development expense in this subsection in computing the taxpayer's Canadian development expense for a previous taxation year that has become a Canadian exploration expense of the taxpayer by virtue of subparagraph (c)(ii) of the definition Canadian exploration expense in subsection 66.1(6), I is the total of all amounts each of which is an amount that before that time has become a Canadian exploration expense of the taxpayer by virtue of subsection 66.1(9), is the total of all amounts each of which is an amount received before that time on account of any amount referred to in the description of C is the total of all amounts paid to the taxpayer after May 6, 1974 and before May 25, 1976 (a) under the Northern Mineral Exploration Assistance Regulations made under an appropriation Act that provides for payments in respect of the Northern Mineral Grants Program, or (b) pursuant to any agreement, entered into between the taxpayer and Her Majesty in right of Canada under the Northern Mineral Grants Program or the Development Program of the Department of Indian Affairs and Northern Development, to the extent that the amounts have been expended by the taxpayer as or on account of Canadian development expense incurred by the taxpayer, is the amount by which the total of all amounts determined under subsection 66.4(1) in respect of a taxation year of the taxpayer ending at or before that time exceeds the total of all amounts each of which is the least of (a) the amount that would be determined under paragraph 66.7(4)(a), at a time (hereafter in this description referred to only as the “particular time”) that is the end of the latest taxation year of the taxpayer ending at or before that time, in respect of the taxpayer as successor in respect of a disposition (in this description referred to as the “original disposition”) of Canadian resource property by a person who is an original owner of the property because of the original disposition, if (i) that paragraph were read without reference to “30% of”, (ii) where the taxpayer has disposed of all or part of the property in circumstances in which subsection 66.7(4) applied, that subsection continued to apply to the taxpayer in respect of the original disposition as if subsequent successors were the same person as the taxpayer, and (iii) each designation made under subparagraph 66.7(4)(a)(iii) in respect of an amount that became receivable before the particular time were made before the particular time, (b) the amount, if any, by which the total of all amounts each of which became receivable at or before the particular time and before 1993 by the taxpayer and is included in computing the amount determined under subparagraph 66.7(5)(a)(ii) in SUBDIVISION E Deductions in Computing Income respect of the original disposition exceeds the amount, if any, by which (i) where the taxpayer disposed of all or part of the property before the particular time in circumstances in which subsection 66.7(5) applied, the amount that would be determined at the particular time under subparagraph 66.7(5)(a)(i) in respect of the original disposition if that subparagraph continued to apply to the taxpayer in respect of the original disposition as if subsequent successors were the same person as the taxpayer, and (iii) the amount that would be determined at the particular time under subparagraph 66.7(5)(a)(i) in respect of the original disposition if that subparagraph were read without reference to the words “or the taxpayer” wherever they appear therein, and if amounts that became receivable after 1992 were not taken into account, and (i) after the original disposition and at or before the particular time, the taxpayer disposed of all or part of the property in circumstances in which subsection 66.7(4) applied, otherwise than by way of an amalgamation or merger or solely because of the application of paragraph 66.7(10)(c), and (ii) the winding-up of the taxpayer began at or before that time or the taxpayer’s disposition referred to in subparagraph (i) (other than a disposition under an agreement in writing entered into before December 22, 1992) occurred after December 21, 1992, M is the total amount of assistance that the taxpayer has received or is entitled to receive in respect of any Canadian development expense (including an expense that has become a Canadian exploration expense of the taxpayer by virtue of subsection 66.1(9)) incurred after 1980 or that can reasonably be related to Canadian development activities after 1980, M.1 is the total of all amounts by which the cumulative Canadian development expense of the taxpayer is required because of subsection 80(8) to be reduced at or before that time, is the total of all amounts that are required to be deducted before that time under subsection 66(14.2) in computing the taxpayer’s cumulative Canadian development expense, and Share of partner
dont chacune représente les revenus d’intérêts et de financement de la société affiliée (compte non tenu de l’alinéa g) de l’élément A de la définition de revenus d’intérêts et de financement) pour l’année d’imposition de la société affiliée aux fins du calcul, relativement au contribuable pour l’année d’imposition de la société affiliée, chaque montant mentionné aux sous-alinéas 95(2)(f)(ii) ou (ii), si la division 95(2)(f.11)(ii)(A) était une liste au lieu de la mention du paragraphe 18.2(2). (relevant affiliate interest and financing revenues) revenu imposable ajusté En ce qui concerne un contribuable pour une année d’imposition, la somme obtenue par la formule suivante : A + B − C où : A représente la somme positive ou négative obtenue par la formule : D − E où D représente : a) la perte autre qu’une perte en capital du contribuable pour l’année (déterminée compte non tenu du paragraphe (2), des alinéas 12(1.1)(a) et 111(1.1)), b) dans les autres cas, son revenu imposable pour l’année (déterminé compte non tenu du paragraphe (2), des alinéas 12(1.1) et 111(1.1) et la division 95(2)(f.11)(ii)(D)), E le total des sommes suivantes : a) la perte autre qu’une perte en capital du contribuable pour l’année (déterminée compte non tenu du paragraphe (2), des alinéas 12(1.1)(a) et 111(1.1) et la division 95(2)(f.11)(ii)(D)), b) le total des sommes dont chacune représente, relativement à une société qui est une société étrangère affiliée contrôlée du contribuable à la fin d’une année d’imposition de la société affiliée se terminant dans l’année — ou une société étrangère affiliée contrôlée d’une société de personnes dont le contribuable est un associé, à la fin d’une année d’imposition de la société affiliée se terminant au cours d’une exercice de la société de personnes — la somme obtenue par la formule suivante : T × U + V H × I where H I où : T représente la moindre des sommes suivantes : (i) la perte étrangère accumulée relative à des biens (déterminée compte non tenu de la division 95(2.11)(d)(i)(D)) pour l’année d’imposition de la société affiliée, (ii) l’excédent des dépenses d’intérêts et de financement de la société affiliée pertinente sur les revenus d’intérêts et de financement de la société affiliée pertinente pour l’année d’imposition de la société affiliée; U la somme qui est incluse dans les dépenses d’intérêts et de financement du contribuable pour l’année relativement à la société affiliée pertinente de la société affiliée pertinente de la société affiliée pour l’année d’imposition de la société affiliée; V les sommes suivantes : A le total des sommes (sauf, sous réserve de l’alinéa k), une somme qui est raisonnable de considérer comme relative aux dépenses d’intérêts et de financement exonérées) dont chacune représente : a) les dépenses d’intérêts et de financement du contribuable pour l’année; b) une somme que le contribuable a déduite dans le calcul de son revenu pour l’année en application des alinéas 20(1)a) et 59.1a), des articles 66(4), 66.1(2) ou (3), 66.2(2), 66.2(4), 66.4(2) ou 66.7(1), (2), (2.3), (4) ou (5), sauf toute fraction de cette somme visée au sous-alinéa c)(ii) de l’élément A dans la définition de dépenses d’intérêts et de financement; c) une somme que le contribuable a déduite dans le calcul de son revenu pour l’année en application du paragraphe 20(16), sauf toute fraction de cette somme visée à l’alinéa a) de l’élément A dans la définition de dépenses d’intérêts et de financement; d) au titre du revenu ou de la perte d’une société de personnes, pour un exercice se terminant dans l’année, tiré d’une source quelconque ou de Income Tax PART I Income Tax DIVISION B Computation of Income
Except as provided in subsection 66.2(7), where a taxpayer is a member of a partnership, the taxpayer’s share of any amount that would be an amount referred to in the description in the definition cumulative Canadian development expense in subsection 66.2(5), in paragraph (a) of the description of F in that definition or in the description of G or M in that definition in respect of the partnership for a taxation year of the partnership if section 96 were read without reference to paragraph 96(1)(d) shall, for the purposes of this Act, be deemed to be an amount referred to in the description of F in the definition cumulative Canadian development expense in subsection (5), in paragraph (a) of the description of F in that definition or in the description of G or M in that definition, whichever is applicable, in respect of the taxpayer for the taxation year of the taxpayer in which the partnership’s taxation year ends.
(d) the portion of any amount included under A that is not, because of an Act of Parliament, subject to tax under this Part. (revenus d’intérêts et de financement) sources situées dans un endroit donné, la somme obtenue par la formule suivante : F × G – H où : F représente le total des sommes dont chacune est une somme déduite par la société de personnes selon l’alinéa 20(1)a) ou le paragraphe 20(16) dans le calcul de son revenu ou de sa perte, tiré de la source ou de l’un de ses biens situés dans un endroit donné, pour l’exercice, sauf toute fraction de cette somme visée au sous-alinéa c)(ii) de l’élément A dans la définition de dépenses d’intérêts et de financement; G la proportion déterminée du contribuable si les mentions « du revenu total » et « de la perte totale » et « au revenu total ou à la perte totale » faites dans le paragraphe 248(1) étaient remplacées respectivement par les mentions « de la source ou de l’un de ses biens situés dans un endroit donné » et « au revenu total ou à la perte totale de la source ou de l’un de ses biens situés dans un endroit donné »; H la partie d’un montant visé à l’élément F qu’il est raisonnable de considérer comme non déductible dans le calcul du revenu du contribuable pour l’année, ou exclu du calcul de sa perte autre qu’une perte en capital pour l’année, par l’effet du paragraphe 96(2.1); e) la partie d’une somme déduite selon l’alinéa 111(1)e) pour l’année, relativement à une société de personnes dont le contribuable est associé, qu’il est raisonnable de considérer comme étant attribuable à une somme visée à l’élément H de l’alinéa d) relativement à un exercice de la société de personnes qui se termine dans une année d’imposition précédente du contribuable; f) une somme déduite par le contribuable en application de l’alinéa 110(1)k) dans le calcul de son revenu imposable pour l’année; g) une somme déduite par le contribuable en application du paragraphe 104(6) dans le calcul de son revenu pour l’année, sauf dans la mesure où une fraction de la somme a été désignée en application du paragraphe 104(19) pour l’année; h) une somme obtenue par la formule suivante : I × J + K où : (b) clause 95(2)(f.11)(ii)(A) were read without regard to the reference to subsection 18.2(2). (dépenses d’intérêts et de financement de la société affiliée pertinentes) I représente la somme déduite par le contribuable en application de l’alinéa 111(1)(a) dans le calcul de son revenu imposable pour l’année, relativement à sa perte autre qu’une perte en capital (autre qu’une perte antérieure au régime déterminé du contribuable relativement à l’année) pour une autre année d’imposition (appelée « année de perte du contribuable » au présent alinéa), J la moindre des sommes suivantes : (i) la perte autre qu’une perte en capital pour l’année de perte du contribuable, (ii) la somme obtenue par la formule suivante : W - X - Y où : W représente le total des sommes dont chacune est une somme qui, selon le cas : (A) représente les dépenses d’intérêts et de financement de la société affiliée pour l’année de perte du contribuable, déterminées comme si elles n’étaient pas assujetties à l’effet de l’alinéa 95(2)(f.11)(ii)(D), (B) est visée à l’un des alinéas b) à f), h) ou j) de l’élément C pour l’année de perte du contribuable, (C) est déduite par le contribuable en vertu de l’alinéa 111(1)(a).1 lors du calcul de son revenu imposable pour l’année de perte du contribuable, X le total des sommes dont chacune est une somme qui est, selon le cas : (A) visée à l’un des alinéas a) à f), h) ou j) de l’élément C pour l’année de perte du contribuable, (B) incluse dans le revenu du contribuable pour l’année de perte du contribuable par l’effet de l’alinéa 12(1).2, Y le total des sommes, dont chacune est une somme obtenue par la formule suivante : Z x Z.1 + Z.2 Income Tax PART I Income Tax DIVISION B Computation of Income
Where a non-resident person is a member of a partnership that is deemed under paragraph 115(4)(b) to have disposed of any Canadian resource property, the person’s share of any amount that would be an amount referred to in the description of in the definition cumulative Canadian development expense in subsection 66.2(5), in paragraph (a) of the description of F in that definition or in the description of G or M in that definition, whichever is applicable, in respect of the partnership for a taxation year of the partnership if section 96 were read without reference to paragraph 96(1)(d) shall, for the purposes of this Act, be deemed to be an amount referred to in the description of in the definition cumulative Canadian development expense in subsection (5), in paragraph (a) of the description of F in that definition or in the description of G or M in that definition, whichever is applicable, in respect of the person for the taxation year of the person that is deemed under paragraph 115(4)(a) to have ended.
(c) would, in the absence of this section, have a loss for the year that is, or will be, utilized by a financial institution group entity that is an eligible group entity in respect of the particular corporation. (société à usage déterminé ayant subi des pertes) (b) the portion of its paragraph (b) before its subparagraph (b)(i). (pourcentage de participation déterminé) où : Z représente la moindre des sommes suivantes : (A) la perte étrangère accumulée, relative à des biens, pour une année d’imposition de la société affiliée, d’une société (appelée « société affiliée » tout au long de l’élément Y) qui, à la fin de l’année d’imposition de la société affiliée, est une société étrangère affiliée contrôlée du contribuable, ou est une société étrangère affiliée contrôlée d’une société de personnes dont le contribuable ou une société étrangère affiliée contrôlée du contribuable est un associé à un moment donné, (B) l’excédent des dépenses d’intérêts et de financement de la société affiliée pertinentes pour l’année d’imposition de la société affiliée (déterminé compte non tenu de toute somme ou fraction d’une somme qui n’est pas déductible par l’effet de la division 95(2)(f.11)(ii)(D)) sur le total des sommes représentant chacune, selon le cas : I) les revenus d’intérêts et de financement de la société affiliée pertinents de la société affiliée pour l’année d’imposition de la société affiliée, II) une somme incluse en application de la subdivision 95(2.11)(ii)(D) relativement à la société affiliée pour l’année d’imposition de la société affiliée, Z.1 la somme qui est incluse dans les dépenses d’intérêts et de financement du contribuable pour l’année de perte du contribuable relative aux dépenses d’intérêts et de financement de la société affiliée pertinentes de la société affiliée pour l’année d’imposition de la société affiliée, specified pre-regime loss of a taxpayer, in respect of a taxation year, means the taxpayer’s non-capital loss for a preceding taxation year, if (i) the loss, (d) the election is filed on or before the filing-due date of the taxpayer for the year. (perte antérieure au régime déterminée) (b) a non-resident person; Z.2 les dépenses d’intérêts et de financement de la société affiliée pertinentes pour l’année d’imposition de la société affiliée; K la perte autre qu’une perte en capital pour l’année de perte du contribuable, i) 25 % du montant déduit, relativement à la perte antérieure au régime déterminée du contribuable relativement à l’année, par le contribuable en vertu de l’alinéa 111(1)a) lors du calcul de son revenu imposable pour l’année; j) relativement à une société (appelée « société affiliée » au présent alinéa) qui est une société étrangère affiliée contrôlée du contribuable à la fin d’une année d’imposition de la société affiliée se terminant dans l’année — ou qui est une société étrangère affiliée contrôlée d’une société de personnes dont le contribuable ou une société étrangère affiliée contrôlée du contribuable est un associé à la fin d’une année d’imposition de la société affiliée se terminant dans l’année — et qui est une société étrangère affiliée contrôlée d’une société de personnes dont le contribuable ou une société étrangère affiliée contrôlée du contribuable est un associé à la fin d’une année d’imposition de la société affiliée se terminant dans l’année, le revenu étranger accumulé, tiré de biens de la société affiliée pour l’année d’imposition de la société affiliée, est la somme visée par règlement à l’élément F de la définition de revenu étranger accumulé, tiré de biens au paragraphe 95(1), relativement à la perte étrangère accumulée, relative à des biens de la société affiliée pour l’année de perte de la société affiliée, k) pour la raison de la somme obtenue dans le revenu d’une société de personnes en vertu de ce paragraphe, relativement au revenu étranger accumulé, tiré de biens de la société affiliée pour l’année d’imposition de la société affiliée, si ce revenu augmentait à la somme obtenue par la formule suivante : L × M + N où : L représente la somme qui, dans le calcul du revenu étranger accumulé, tiré de biens de la société affiliée pour l’année d’imposition de la société affiliée, est la somme visée par règlement à l’élément F de la définition de revenu étranger accumulé, tiré de biens au paragraphe 95(1), relativement à la perte étrangère accumulée, relative à des biens de la société affiliée pour une autre année d’imposition de la société affiliée (appelée « année de perte de la société affiliée » au présent alinéa), M la moindre des sommes suivantes : (i) la perte étrangère accumulée, relative à des biens de la société affiliée pour l’année de perte de la société affiliée, transferred capacity means an amount of transferred capacity of a transferor for a taxation year as determined under subsection (4). (capacité transférée) (ii) l’excédent des dépenses d’intérêts et de financement de la société affiliée pertinentes de la société affiliée pour l’année de perte de la société affiliée (déterminé compte non tenu de toute somme ou fraction d’une somme qui n’est pas déductible par l’effet de la division 95(2.11)(ii)(D)) sur le total des sommes dont chacune représente : (A) soit les revenus d’intérêts et de financement de la société affiliée pertinents pour l’année de perte de la société affiliée, (B) soit une somme incluse en application de la subdivision 95(2.11)(ii)(D)(II) relativement à la société affiliée pour l’année de perte de la société affiliée, N la perte étrangère accumulée, relative à des biens de la société affiliée pour l’année de perte de la société affiliée; k) le montant qui est la perte du contribuable pour l’année, ou qui serait sa perte si le contribuable ou la société de personnes n’avait aucun revenu ou aucune perte autre qu’une perte qu’il est raisonnable de considérer comme subie par le contribuable ou la société de personnes relativement à des activités financées par un emprunt (au sens de la définition de dépenses d’intérêts et de financement exonérées) qui entraîne des dépenses d’intérêts et de financement exonérées du contribuable ou de la société de personnes; l) une somme déduite en application des paragraphes 127(5) ou (6), 127.4(3), 127.45(6), 127.48(3) ou 127.49(6) relativement à un bien acquis au cours d’une année d’imposition précédente dans le calcul de l’impôt payable par le contribuable pour une année d’imposition précédente, dans la mesure où : (i) elle est incluse dans une somme déterminée en vertu de l’alinéa 13(7.1)e) ou des sous-alinéas 53(2)(c)(vi) à (vi.4) ou h)(ii), ou représente l’élément de la formule figurant à la définition de fraction non amortie du coût en capital au paragraphe 13(21), (ii) elle n’a pas été incluse, à la fois : (A) dans le calcul du revenu du contribuable pour l’année ou une année d’imposition précédente, (B) dans le calcul du revenu imposable rajusté du contribuable pour une année d’imposition antérieure en application du présent alinéa; m) une somme visée à la division 12(1)(x)(i)(C) ou au sous-alinéa 12(1)(x)(ii) que le contribuable reçoit au cours de l’année dans la mesure où, à la fois : (i) elle réduit le coût ou le coût en capital d’un bien, (ii) elle n’est pas incluse dans le calcul du revenu du contribuable pour l’année en vertu de l’alinéa 12(1)(x), (iii) elle serait incluse dans le calcul du revenu du contribuable pour l’année en vertu de l’alinéa 12(1)(x), si elle ainsi s’appliquait comme non tenu des sous-alinéas (vi) et (vii); C le total des sommes dont chacune représente : a) les revenus d’intérêts de financement du contribuable pour l’année; b) une somme incluse, en application du paragraphe 13(1), dans le calcul du revenu du contribuable pour l’année; c) relativement aux revenus ou aux pertes d’une société de personnes, pour un exercice qui se termine dans l’année, tirés de toute source ou de sources dans un endroit donné, une somme obtenue par la formule suivante : O × P où : O représente une somme que la société de personnes inclut, en application du paragraphe 13(1), dans le calcul de son revenu ou de sa perte tirée d’une source ou de sources situées dans un endroit donné, pour l’exercice, P la proportion déterminée conformément si les mentions « du revenu total ou de la perte totale » et « du revenu ou de la perte donnée » faites dans la définition de proportion déterminée au paragraphe 248(1) étaient remplacées respectivement par les mentions « de son revenu ou de sa perte tirée de la source située dans un endroit donné » et « de son revenu ou de sa perte tirée de la source située dans un endroit donné »; d) une somme incluse, en application des paragraphes 59(1) ou (3.2) ou de l’alinéa 59.1b), dans le calcul du revenu du contribuable pour l’année; Income Tax PART I Income Tax DIVISION B Computation of Income
Where pursuant to the terms of an arrangement in writing entered into before December 12, 1979 a taxpayer acquired a property described in paragraph (a) of the definition Canadian oil and gas property expense in subsection 66.4(5), for the purposes of this Act, the cost of acquisition shall be deemed to be a Canadian development expense incurred at the time the taxpayer acquired the property.
Impôt sur le revenu
adjusted cumulative foreign resource expense of a taxpayer, in respect of a country, at the end of a taxation year means the total of (a) the cumulative foreign resource expense of the taxpayer, in respect of that country, at the end of the year; and (b) the amount, if any, by which SUBDIVISION E Deductions in Computing Income (i) the total determined under paragraph 66.7(13.2)(a) in respect of that country and the taxpayer for the year (ii) the amount that would, but for paragraph (3)(c), be determined under subsection (3) in respect of that country and the taxpayer for the year. cumulative foreign resource expense of a taxpayer, in respect of a country other than Canada at a particular time, means the amount determined by the formula A is the total of all foreign resource expenses, in respect of that country, made or incurred by the taxpayer (b) at a time (in this definition referred to as a “resident time”) (i) at which the taxpayer was resident in Canada, and (ii) where the taxpayer became resident in Canada before the particular time, that is after the last time (before the particular time) that the taxpayer became resident in Canada; A.1 is the total of all foreign resource expenses, in respect of that country, that is the cost to the taxpayer of any of the taxpayer’s foreign resource property in respect of that country that is deemed to have been acquired by the taxpayer under paragraph 128.1(1)(c) at the last time (before the particular time) that the taxpayer became resident in Canada; B is the total of all amounts included in computing the amount referred to in paragraph 59(3.2)(c.1) in respect of that country, for taxation years that ended before the particular time and at a resident time; C is the total of all amounts referred to in the description of F or G that are established by the taxpayer to have become a bad debt before the particular time and at a resident time; D is the total of all specified amounts determined under subsection 66.7(13.2), in respect of the taxpayer and that country, for taxation years that ended before the particular time and at a resident time; E is the total of all amounts deducted, in computing the taxpayer’s income for a taxation year that ended before the particular time and at a resident time, in respect of the taxpayer’s cumulative foreign resource expense in respect of that country; F is the total of all amounts each of which is an amount in respect of a foreign resource property, in respect of that country, (in this description referred to as the “particular property”) disposed of by the taxpayer equal to the amount, if any, by which (a) the amount designated under subparagraph 59(1)(b)(ii) by the taxpayer in respect of the portion of the proceeds of that disposition that became receivable before the particular time and at a resident time (b) the amount, if any, by which (i) the total of all amounts that would be determined under paragraph 66.7(2.3)(a), immediately before the time (in this paragraph referred to as the “relevant time”) when such proceeds of disposition became receivable, in respect of the taxpayer, that country and an original owner of the particular property (or of any other property acquired by the taxpayer with the particular property in the circumstances to which subsection 66.7(2.3) applied and in respect of which the proceeds of disposition became receivable by the taxpayer at the relevant time) if (A) amounts that became receivable at or after the relevant time were not taken into account, (B) paragraph 66.7(2.3)(a) were read without reference to “30% of”, and (C) no reduction under subsection 80(8) at or after the relevant time were taken into account exceeds the total of (ii) all amounts that would be determined under paragraph 66.7(2.3)(a) at the relevant time in respect of the taxpayer, that country and an original owner of the particular property (or of that other property) if (A) amounts that became receivable after the relevant time were not taken into account, (B) paragraph 66.7(2.3)(a) were read without reference to “30% of”, and (C) no reduction under subsection 80(8) at or after the relevant time were taken into account, (iii) the portion of the amount otherwise determined under this paragraph that was otherwise applied to reduce the amount otherwise determined under this description; G is the total of all amounts, in respect of that country, each of which is an amount included in the amount determined under this description by reason of the subsection 66(12.41) that became receivable by the taxpayer before the particular time and at a resident time; H is the total of all amounts each of which is an amount received before the particular time and at a resident time on account of any amount referred to in the description of C; I is the total of all amounts each of which is an amount by which the cumulative foreign resource expense of the taxpayer, in respect of that country, is required, by reason of subsection 80(8), to be reduced at or before the particular time and at a resident time; and foreign resource expense of a taxpayer, in respect of a country other than Canada, means (a) any drilling or exploration expense, including any general geological or geophysical expense, incurred by the taxpayer on or in respect of exploring or drilling for petroleum or natural gas in that country, (b) any expense incurred by the taxpayer for the purpose of determining the existence, location, extent or quality of a mineral resource in that country, including any expense incurred in the course of (iii) drilling by rotary, diamond, percussion or other methods, or (iv) trenching, digging test pits and preliminary sampling, (c) the cost to the taxpayer of any of the taxpayer’s foreign resource property in respect of that country, SUBDIVISION e Deductions in Computing Income (d) any annual payment made by the taxpayer for the preservation of a foreign resource property in respect of that country, and (e) subject to section 66.8, the taxpayer’s share of an expense, cost or payment referred to in any of paragraphs (a) to (d) that is made or incurred by a partnership in a fiscal period of the partnership that begins after 2000 if, at the end of that period, the taxpayer was a member of the partnership but does not include (f) an expenditure that is the cost, or any part of the cost, to the taxpayer of any depreciable property of a prescribed class, (g) an expenditure incurred at any time after the commencement of production from a foreign resource property of the taxpayer in order to evaluate the feasibility of a method of recovery of petroleum, natural gas or related hydrocarbons from the portion of a natural reservoir to which the foreign resource property relates, (h) an expenditure (other than a drilling expense) incurred at any time after the commencement of production from a foreign resource property of the taxpayer in order to assist in the recovery of petroleum, natural gas or related hydrocarbons from the portion of a natural reservoir to which the foreign resource property relates, (i) an expenditure, incurred at any time, that relates to the injection of any substance to assist in the recovery of petroleum, natural gas or related hydrocarbons from a natural reservoir, (j) an expenditure incurred by the taxpayer, unless the expenditure was made (i) for the acquisition of foreign resource property by the taxpayer, or (ii) for the purpose of (A) enhancing the value of foreign resource property that the taxpayer owned at the time the expenditure was incurred or that the taxpayer had a reasonable expectation of owning after that time, or (B) assisting in evaluating whether a foreign resource property is to be acquired by the taxpayer, or foreign resource income of a taxpayer for a taxation year, in respect of a country other than Canada, means the total of (a) that part of the taxpayer’s income for the year, determined without reference to subsections (4) and 66(4), that is reasonably attributable to (i) the production of petroleum or natural gas from natural accumulations of petroleum or natural gas in that country or from oil or gas wells in that country, or (ii) the production of minerals from mines in that country; (b) the taxpayer’s income for the year from royalties in respect of a natural accumulation of petroleum or natural gas in that country, an oil or gas well in that country or a mine in that country, determined without reference to subsections (4) and 66(4); and (c) all amounts each of which is an amount, in respect of a foreign resource property in respect of that country that has been disposed of by the taxpayer, equal to the amount, if any, by which (i) the amount included in computing the taxpayer’s income for the year by reason of subsection 59(1) in respect of that disposition (ii) the total of all amounts each of which is that portion of an amount deducted under subsection 66.7(2) in computing the taxpayer’s income for the year that (A) can reasonably be considered to be in respect of the foreign resource property, and (B) cannot reasonably be considered to have reduced the amount otherwise determined under paragraph (a) or (b) in respect of the taxpayer for the year. (revenu provenant de ressources à l’étranger) foreign resource loss of a taxpayer for a taxation year in respect of a country other than Canada means the taxpayer’s loss for the year in respect of the country determined in accordance with the definition foreign resource income with such modifications as the SUBDIVISION E Deductions in Computing Income global foreign resource limit of a taxpayer for a taxation year means the amount that is the lesser of (a) the amount, if any, by which (i) the amount determined under subparagraph 66(4)(b)(ii) in respect of the taxpayer for the year exceeds the total of (ii) the total of all amounts each of which is the maximum amount that the taxpayer would be permitted to deduct, in respect of a country, under subsection (4) in computing the taxpayer’s income for the year if, in its application to the year, subsection (4) were read without reference to paragraph (4)(b), and (iii) the amount deducted for the year under subsection 66(4) in computing the taxpayer’s income for the year; and (b) the amount, if any, by which (i) 30% of the total of all amounts each of which is, at the end of the year, the taxpayer’s adjusted cumulative foreign resource expense in respect of a country
The definitions in subsection 66(15) apply in this section. Amount to be included in income
For the purpose of paragraph 59(3.2)(c.1), the amount referred to in this subsection in respect of a taxpayer for a taxation year is the amount, if any, by which (a) the total of all amounts referred to in the descriptions of E to J in the definition cumulative foreign resource expense in subsection (1) that are deducted in computing the taxpayer’s cumulative foreign resource expense at the end of the year in respect of a country exceeds the total of (b) the total of all amounts referred to in the descriptions of A to D in the definition cumulative foreign resource expense in subsection (1) that are included in computing the taxpayer’s cumulative foreign resource expense at the end of the year in respect of the country, and (c) the total determined under paragraph 66.7(13.2)(a) for the year in respect of the taxpayer and the country. Deduction for cumulative foreign resource expense
In computing a taxpayer’s income for a taxation year throughout which the taxpayer is resident in Canada, the taxpayer may deduct the amount claimed by the taxpayer, in respect of a country other than Canada, not exceeding the total of (i) 10% of a particular amount equal to the taxpayer’s adjusted cumulative foreign resource expense in respect of the country at the end of the year, and (A) if the taxpayer ceased to be resident in Canada immediately after the end of the year, the particular amount, (B) if clause (A) does not apply, 30% of the particular amount, (C) the amount, if any, by which the taxpayer’s foreign resource income for the year in respect of the country exceeds the portion of the amount, deducted under subsection 66(4) in computing the taxpayer’s income for the year, that applies to a source in the country, and (D) the amount, if any, by which (I) the total of all amounts each of which is the taxpayer’s foreign resource income for the year in respect of a country exceeds the total of (II) all amounts each of which is the taxpayer’s foreign resource loss for the year in respect of a country, and (III) the amount deducted under subsection 66(4) in computing the taxpayer’s income for the year, and b) the lesser of the following amounts: SUBDIVISION E Deductions in Computing Income (i) the amount, if any, by which the particular amount exceeds the amount determined for the year under paragraph (a) in respect of the taxpayer, and (ii) that portion of the taxpayer’s global foreign resource limit for the year that is designated for the year by the taxpayer, in respect of that country and no other country, in prescribed form filed with the Minister with the taxpayer’s return of income for the year. Individual changing residence
e) dans le cas d’une société : (i) les 100/28e du total des sommes qui seraient déductibles, en application du paragraphe 126(1), de l’impôt payable par ailleurs par la société pour l’année en vertu de la présente partie si elles étaient déterminées compte non tenu des articles 123.3 et 123.4, (ii) le résultat de la multiplication du total des sommes qui seraient déductibles, en application du paragraphe 126(1), de l’impôt payable par ailleurs par la société pour l’année en vertu de la présente partie si elles étaient déterminées compte non tenu de l’article 123.4, par le facteur de référence pour l’année; f) dans le cas d’une fiducie, la somme obtenue par la formule suivante : Q × 1 ÷ (1 + R × S)) où : Q représente le total des sommes qu’elle pouvait déduire en application des paragraphes 126(1) ou (2) de son impôt payable par ailleurs pour l’année en vertu de la présente partie, R le pourcentage exprimé en fraction décimale visé à l’alinéa 122(1)a) relativement à l’année, S 1 plus le pourcentage exprimé en fraction décimale visé au paragraphe 120(1) pour l’année; g) un montant inclus en application de l’article 110.5 dans le calcul du revenu imposable du contribuable pour l’année; h) un montant inclus en application du paragraphe 104(13) dans le calcul du revenu du contribuable pour l’année, sauf dans la mesure de toute fraction du montant qui, selon le cas : (i) a été désignée en application du paragraphe 104(19) pour l’année, (ii) donne lieu à une déduction en application de l’alinéa 94.2(3)a) dans le calcul du revenu étranger accumulé, tiré de biens pour l’année d’imposition d’une société affiliée d’une entité qui est une société étrangère affiliée contrôlée du contribuable ou de la société affiliée; i) un montant du revenu imposable du contribuable pour l’année qui n’est pas assujetti à l’impôt en vertu de la présente partie par l’effet de quelque loi fédérale; j) le montant qui serait le revenu du contribuable pour l’année, qui serait sa part du revenu d’une Income Tax PART I Income Tax DIVISION B Computation of Income
Where at any time in a taxation year an individual becomes or ceases to be resident in Canada, (a) subsection (4) applies to the individual as if the year were the period or periods in the year throughout which the individual was resident in Canada; and (b) for the purpose of applying this section, subsection 66(1.1) does not apply to the individual for the year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2001, c. 17, s. 47; 2013, c. 34, s. 202. Exploration and development shares
Impôt sur le revenu
(a) shall, if acquired before November 13, 1981, be deemed (iii) to have been acquired by the taxpayer at a cost to the taxpayer of nil; and (b) shall, if acquired after November 12, 1981, be deemed to have been acquired by the taxpayer at a cost to the taxpayer of nil. Deductions from paid-up capital
If, at any time after May 23, 1985, a corporation has issued a share of its capital stock under circumstances described in paragraph (i) of the definition Canadian exploration expense in subsection 66.1(6), paragraph (g) of the definition Canadian development expense in subsection 66.2(5) or paragraph (c) of the definition Canadian oil and gas property expense in subsection 66.4(5) or has issued a share of its capital stock on the exercise of an interest in or right to — or, for civil law, a right in or to — such a share granted under circumstances described in any of those paragraphs, in computing, at any particular time after that time, the paid-up capital in respect of the class of shares of the capital stock of the corporation that included that share (a) there shall be deducted the amount, if any, by which (i) the increase as a result of the issue of the share in the paid-up capital, determined without reference to this subsection as it applies to the share, in respect of all of the shares of that class exceeds (ii) the amount, if any, by which (A) the total amount of consideration received by the corporation in respect of the share, including any consideration for the interest or right in respect of the share exceeds (B) 50% of the amount of the expense referred to in paragraph (i) of the definition Canadian exploration expense in subsection 66.1(6), paragraph (g) of the definition Canadian development expense in subsection 66.2(5) or paragraph (c) of the definition Canadian oil and gas property expense in subsection 66.4(5) that was incurred by a taxpayer who acquired the share or the interest or right on the exercise of which the share was issued, as the case may be, pursuant to an agreement with the corporation under which the taxpayer incurred the expense solely as consideration for the share, interest or right, as the case may be; and (b) there shall be added an amount equal to the lesser of (i) the amount, if any, by which (A) the total of all amounts each of which is an amount deemed by subsection 84(3), (4) or (4.1) to be a dividend on shares of that class paid by the corporation after May 23, 1985 and before the particular time (B) the total that would be determined under clause (A) if this Act were read without reference to paragraph 66.3(2)(a), and (ii) the total of all amounts each of which is an amount required by paragraph 66.3(2)(a) to be deducted in computing the paid-up capital in respect of that class of shares after May 22, 1985 and before the particular time.
Any flow-through share (within the meaning assigned by subsection 66(15)) of a corporation acquired by a person who was a party to the agreement pursuant to which it was issued shall be deemed to have been acquired by the person at a cost to the person of nil.
Where, at any time after February, 1986, a corporation has issued a flow-through share (within the meaning assigned by subsection 66(15)), in computing, at any particular time after that time, the paid-up capital in respect of the class of shares of the capital stock of the corporation that included that share (a) there shall be deducted the amount, if any, by which (i) the increase as a result of the issue of the share in the paid-up capital, determined without reference to this subsection as it applies to the share, in respect of all of the shares of that class (ii) the amount, if any, by which (A) the total amount of consideration received by the corporation in respect of the share (B) 50% of the total of the expenses that were renounced by the corporation under subsection 66(12.6), (12.601), (12.62) or (12.64) in respect of the share; and (b) there shall be added the lesser of the amounts following: SUBDIVISION e Deductions in Computing Income (b) there shall be added an amount equal to the lesser of (i) the amount, if any, by which (A) the total of all amounts each of which is an amount deemed by subsection 84(3), (4) or (4.1) to be a dividend on shares of that class paid by the corporation after February, 1986 and before the particular time (B) the total that would be determined under clause (A) if this Act were read without reference to paragraph 66.3(4)(a), and (ii) the total of all amounts each of which is an amount required by paragraph 66.3(4)(a) to be deducted in computing the paid-up capital in respect of that class of shares after February, 1986 and before the particular time.
société de personnes dont il est associé, si le contribuable ou la société de personnes n’avait aucun revenu ou perte autre qu’un revenu qu’il est raisonnable de considérer comme gagné par le contribuable ou la société de personnes relativement à des activités financées par un emprunt (au sens de la définition de dépenses d’intérêts et de financement exonérées) qui entraîne des dépenses d’intérêts et de financement exonérées du contribuable ou de la société de personnes. (adjusted taxable income) société à usage déterminé ayant subi des pertes Société donnée qui, pour une année d’imposition, à la fois : a) est une entité admissible du groupe relativement à une société de portefeuille financière à l’égard de laquelle la société donnée a des intérêts dans l’année; b) est constituée ou existe uniquement aux fins de générer une perte de la société donnée; c) subirait, en l’absence du présent article, une perte pour l’année qui est incluse dans le revenu d’une entité admissible du groupe relativement à la société donnée. (special purpose loss corporation) société de portefeuille financière Société (sauf celle visée à l’un des alinéas a) à f) de la définition de entité du groupe d’institutions financières) si, tout au long d’une année d’imposition, selon le cas : a) la juste valeur marchande du capital-actions de la société est principalement attribuable à tout ensemble d’actions ou de dettes d’une ou plusieurs entités visées à l’un des alinéas a) à f) de la définition de entité du groupe d’institutions financières que la société contrôle; b) la société est constituée sous le régime de la Loi sur les sociétés d’assurances et les actions du capital-actions de la société sont inscrites à la cote d’une bourse de valeurs désignée. (financial holding corporation) Restriction des dépenses excessives d’intérêts et de financement
(a) the total of all amounts referred to in the descriptions of E to J in the definition cumulative Canadian oil and gas property expense in subsection 66.4(5) that are deducted in computing the taxpayer’s cumulative Canadian oil and gas property expense at the end of the year exceeds the total of (b) all amounts referred to in the descriptions of A to D.1 in the definition cumulative Canadian oil and gas property expense in subsection 66.4(5) that are included in computing the taxpayer’s cumulative Canadian oil and gas property expense at the end of the year, and (c) the total determined under subparagraph 66.7(12.1)(c)(i) in respect of the taxpayer for the year. Deduction for cumulative Canadian oil and gas property expense
Malgré les autres dispositions de la présente loi, aucune déduction ne peut être faite, dans le calcul du revenu pour une année d’imposition d’un contribuable (sauf une entité exclue pour l’année) provenant d’une entreprise ou d’un bien, ni du revenu imposable du contribuable pour l’année — et aucune réduction ne peut être faite, dans le calcul du montant en application de l’alinéa Income Tax PART I Income Tax DIVISION B Computation of Income
A taxpayer may deduct, in computing the taxpayer’s income for a taxation year, such amount as the taxpayer may claim not exceeding the total of (A) the taxpayer’s cumulative Canadian oil and gas property expense at the end of the year, and (B) the amount, if any, by which (I) the total determined under subparagraph 66.7(12.1)(c)(i) in respect of the taxpayer for the year (II) the amount that would, but for paragraph 66.4(1)(c), be determined under subsection 66.4(1) in respect of the taxpayer for the year, and (ii) the amount, if any, by which the total of all amounts each of which is (A) an amount included in the taxpayer’s income for the year by virtue of a disposition in the year of inventory described in section 66.3 that was a share or any interest in or right to — or, for civil law, any right in or to — a share acquired by the taxpayer under circumstances described in paragraph (c) of the definition Canadian oil and gas property expense in subsection (5), or (B) an amount included by virtue of paragraph 12(1)(e) in computing the taxpayer’s income for the year to the extent that it relates to inventory described in clause (A) (C) the total of all amounts deducted as a reserve by virtue of paragraph 20(1)(n) in computing the taxpayer’s income for the year to the extent that the reserve relates to inventory described in clause (A); (b) 10% of the amount, if any, by which the amount determined under subparagraph 66.4(2)(a)(i) exceeds the amount determined under subparagraph 66.4(2)(a)(ii); and (c) the amount determined by the formula (i) for taxation years that end before 2024, 5%, (ii) for taxation years that begin before 2024 and end after 2023, the amount determined by the formula I is the total of all accelerated Canadian oil and gas property expenses incurred by the taxpayer before 2024 and in the taxation year, J is the total of all accelerated Canadian oil and gas property expenses incurred by the taxpayer in the taxation year, and K is the total of all accelerated Canadian oil and gas property expenses incurred by the taxpayer after 2023 and in the taxation year, and (iii) for taxation years that begin after 2023, 2.5%, B is the total of all accelerated Canadian oil and gas property expenses incurred by the taxpayer in the taxation year, and C is the amount determined by the formula D is the total of the amounts determined for E to J in the definition cumulative Canadian oil and gas property expense in subsection (5) at the end of the taxation year, E is the total of the amounts determined for E to J in the definition cumulative Canadian oil and gas property expense in subsection (5) at the beginning of the taxation year, F is the total of the amounts determined for A to D.1 in the definition cumulative Canadian oil and gas property expense in subsection (5) at the end of the taxation year, G is the total of the amounts determined for A to D.1 in the definition cumulative Canadian oil and gas property expense in subsection (5) at the end of the preceding taxation year, and H is the total of the amounts determined for A to D.1 in the definition cumulative Canadian oil and gas property expense in subsection (5) at the beginning of the taxation year. H is the amount determined for B.
(A - (B + C + D + E)) + F where B is G × H where F is Impôt sur le revenu
In this section, **accelerated Canadian oil and gas property expense**, of a taxpayer, means any cost or expense incurred by the taxpayer during a taxation year, if the cost or expense (a) qualifies as a Canadian oil and gas property expense at the time it is incurred, other than (i) an expense in respect of which the taxpayer is a successor, within the meaning of subsection 66.7(5), and (ii) a cost in respect of a Canadian resource property acquired by the taxpayer, or a partnership in which the taxpayer is a member, from a person or partnership with which the taxpayer does not deal at arm’s length, and **Canadian oil and gas property expense** of a taxpayer means any cost or expense incurred after December 11, 1979 that is (a) the cost to the taxpayer of, including any payment for the preservation of a taxpayer’s rights in respect of, any property described in paragraph (a), (c) or (d) of the definition **Canadian resource property** in subsection 66(15) or any right or interest in — or, for civil law, any right in or to — the property (other than a right or an interest that the taxpayer has by reason of being a beneficiary under a trust or a member of a partnership), or an amount paid to Her Majesty in right of the Province of Saskatchewan as a net royalty payment pursuant to a net royalty petroleum and natural gas lease that was in effect on March 31, 1977 to the extent that it can reasonably be regarded as a cost of acquiring the lease, (b) subject to section 66.8, the taxpayer’s share of any expense referred to in paragraph (a) incurred by a partnership in a fiscal period that ended at the end of which the taxpayer was a member of the partnership, unless the taxpayer elects in respect of the share in SUBDIVISION E Deductions in Computing Income prescribed form and manner on or before the day that is 6 months after the taxpayer’s taxation year in which that period ends, or (c) any cost or expense referred to in paragraph (a) incurred by the taxpayer pursuant to an agreement in writing with a corporation, entered into before 1987, under which the taxpayer incurred the cost or expense solely as consideration for shares, other than prescribed shares, of the capital stock of the corporation issued to the taxpayer or any interest in or right to — or, for civil law, any right in or to — such shares, but for greater certainty, shall not include (d) any consideration given by the taxpayer for any share or any interest therein or right thereto, except as provided by paragraph (c), or (e) any expense described in paragraph (c) incurred by any other taxpayer to the extent that the expense was, (i) by virtue of that paragraph, a Canadian oil and gas property expense of that other taxpayer, (ii) by virtue of paragraph (i) of the definition Canadian exploration expense in subsection 66.1(6), a Canadian exploration expense of that other taxpayer, or (iii) by virtue of paragraph (g) of the definition Canadian development expense in subsection 66.2(5), a Canadian development expense of that other taxpayer, but any amount of assistance that a taxpayer has received or is entitled to receive in respect of or related to the taxpayer’s Canadian oil and gas property expense shall not reduce the amount of any of the expenses described in any of paragraphs (a) to (c); (frais à l’égard de biens canadiens relatifs au pétrole et au gaz) cumulative Canadian oil and gas property expense of a taxpayer at any time in a taxation year means the amount determined by the formula A is the total of all Canadian oil and gas property expenses made or incurred by the taxpayer before that time, B is the total of all amounts determined under subsection 66.4(1) in respect of the taxpayer for taxation years ending before that time, c is the total of all amounts referred to in the description of F of G that are established by the taxpayer to have become bad debts before that time, D is such part, if any, of the amount determined for I as has been repaid before that time by the taxpayer pursuant to a legal obligation to repay all or any part of that amount, D.1 is the total of all specified amounts, determined under paragraph 66.7(12.1)(c) in respect of the taxpayer for taxation years ending before that time, E is the total of all amounts deducted in computing the taxpayer’s income for a taxation year ending before that time in respect of the taxpayer’s cumulative Canadian oil and gas property expense, F is the total of all amounts each of which is an amount in respect of property described in paragraph (a), (c) or (d) of the definition Canadian resource property in subsection 66(15) or any right to or interest in — or, for civil law, any right in or to — such a property, other than such a right or interest that the taxpayer has by reason of being a beneficiary under a trust or a member of a partnership, (this description referred to as “the particular property”) disposed of by the taxpayer before that time, (a) the amount, if any, by which the proceeds of disposition in respect of the particular property that became receivable by the taxpayer before that time exceed any outlays or expenses made or incurred by the taxpayer before that time for the purpose of making the disposition and that were not otherwise deductible for the purposes of this Part exceeds the total of (b) the amount, if any, by which (i) the total of all amounts that would be determined under paragraph 66.7(5)(a), immediately before the time (in this paragraph and paragraph (c) referred to as the “relevant time”) when such proceeds of disposition became receivable, in respect of the taxpayer and an original owner of the particular property (or of any other property acquired by the taxpayer with the particular property in circumstances in respect of which the proceeds of disposition became receivable by the taxpayer at the relevant time) if (A) amounts that became receivable at or after the relevant time were not taken into account, (B) each designation made under subparagraph 66.7(4)(a)(iii) in respect of an amount that became receivable before the relevant time were made before the relevant time, (C) paragraph 66.7(5)(a) were read without reference to "10% of", and (D) no reduction under subsection 80(8) at or after the relevant time were taken into account exceeds the total of (ii) all amounts that would be determined under paragraph 66.7(5)(a) at the relevant time in respect of the taxpayer and an original owner of the particular property (or of that other property described in subparagraph (i)) if (A) amounts that became receivable after the relevant time were not taken into account, (B) each designation made under subparagraph 66.7(4)(a)(iii) in respect of an amount that became receivable at or before the relevant time were made before the relevant time, (C) paragraph 66.7(5)(a) were read without reference to "10% of", and (D) no reduction under subsection 80(8) at or after the relevant time were taken into account, and (iii) such portion of the amount determined under this paragraph as was otherwise applied to reduce the amount otherwise determined under this description, and (c) the amount, if any, by which (i) the total of all amounts that would be determined under paragraph 66.7(4)(a), immediately before the relevant time, in respect of the taxpayer and an original owner of the particular property (or of any other property acquired by the taxpayer with the particular property in circumstances in which subsection 66.7(4) applied and in respect of which the proceeds of disposition became receivable by the taxpayer at the relevant time) if (A) amounts that became receivable at or after the relevant time were not taken into account, (B) each designation made under subparagraph 66.7(4)(a)(iii) in respect of an amount that became receivable before the relevant time were made before the relevant time, (C) paragraph 66.7(4)(a) were read without reference to "30% of", and (D) no reduction under subsection 80(8) at or after the relevant time were taken into account exceeds the total of (ii) all amounts that would be determined under paragraph 66.7(4)(a) at the relevant time in respect of the taxpayer and an original owner of the particular property (or of that other property described in subparagraph (i)) if (A) amounts that became receivable after the relevant time were not taken into account, (B) each designation made under subparagraph 66.7(4)(a)(iii) in respect of an amount that became receivable at or before the relevant time were made before the relevant time, (C) paragraph 66.7(4)(a) were read without reference to "30% of", (D) amounts described in subparagraph 66.7(4)(a)(ii) that became receivable at the relevant time were not taken into account, and (E) no reduction under subsection 80(8) at or after the relevant time were taken into account, and (iii) such portion of the amount otherwise determined under this paragraph as was otherwise applied to reduce the amount otherwise determined under this description, G is the total of all amounts that became receivable by the taxpayer before that time that are to be included in the amount determined under this description by virtue of paragraph 66.1(2.5)(a), H is the total of all amounts each of which is an amount received before that time on account of any amount referred to in the description of C, I is the total amount of assistance that the taxpayer has received or is entitled to receive in respect of any Canadian oil and gas property expense incurred after 1980 or that can reasonably be related to any such expense after 1980, I.1 is the total of all amounts by which the cumulative Canadian oil and gas property expense of the taxpayer is required because of subsection 80(8) to be reduced at or before that time, and Share of partner
Except as provided in subsection 66.4(7), where a taxpayer is a member of a partnership, the taxpayer’s share of any amount that would be an amount referred to in the description of D in the definition cumulative Canadian oil and gas property expense in subsection 66.4(5), in paragraph (a) of the description of F in that definition or in the description of G or I in that definition in respect of the partnership for a taxation year of the partnership if 96(1)(d) were read without reference to paragraph 96(1)(d) shall, for the purposes of this Act, be deemed to be an amount referred to in the description of D in the definition cumulative Canadian oil and gas property expense in subsection 66.4(5), in paragraph (a) of the description of F in that definition or in the description of G or I in that definition, whichever is applicable, in respect of the taxpayer for the taxation year of the taxpayer in which the partnership’s taxation year ends.
Where a non-resident person is a member of a partnership that is deemed under paragraph 115(4)(b) to have disposed of any Canadian resource property, the person’s share of any amount that would be an amount referred to in the description of D in the definition cumulative Canadian oil and gas property expense in subsection 66.4(5), in paragraph (a) of the description of F in that definition or in the description of G or I in that SUBDIVISION C Deductions in Computing Income definition in respect of the partnership for a taxation year of the partnership if section 96 were read without reference to paragraph 96(1)(d) shall, for the purposes of this Act, be deemed to be an amount referred to in the description of D in the definition cumulative Canadian oil and gas property expense in subsection 66.4(5), in paragraph (a) of the description of F in that definition or in the description of G or I in that definition, whichever is applicable, in respect of the person for the taxation year of the person that is deemed under paragraph 115(4)(a) to have ended. [NOTE: Application provisions are not included in the consolidated text; see relevant amendments and application provisions.] Deduction from income
3b), relativement au contribuable pour l’année — relativement à une somme visée à l’un des alinéas a) à g) et i) de l’élément A de la définition de **dépenses d’intérêts et de financement au paragraphe (1)** qui serait, en l’absence du présent article, déductible dans le calcul de ce revenu ou ce revenu imposable — ou qui réduirait ce montant déterminé en application de l’alinéa 3b) — jusqu’à concurrence de la proportion de cette somme qui est obtenue par la formule : (A - (B + C + D + E)) + F où : A représente les dépenses d’intérêts et de financement du contribuable pour l’année, B selon le cas : a) si le paragraphe 18.21(2) s’applique relativement au contribuable pour l’année, la somme déterminée à l’égard du contribuable selon ce paragraphe pour l’année, b) dans les autres cas, la somme obtenue par la formule : G × H où : G représente le ratio des dépenses admissibles du contribuable pour l’année, H le revenu imposable rajusté du contribuable pour l’année; C les revenus d’intérêts et de financement du contribuable pour l’année; D l’excédent du total des sommes représentant chacune un montant de capacité reçue du contribuable pour l’année, établi en vertu du paragraphe (4), sur le total du montant déductible en application de l’alinéa 111(1)a.1) pour l’année; E la capacité absorbée du contribuable pour l’année; F : a) si aucune somme n’est incluse dans les dépenses d’intérêts et de financement du contribuable pour l’année en vertu de l’alinéa j) de l’élément A de la formule figurant à cette définition ou en vertu de l’alinéa h) de l’élément A de la formule figurant à cette définition relativement à une société étrangère affiliée contrôlée d’une société de personnes dont le contribuable est associé, la somme obtenue pour l’élément A de cette définition pour le contribuable pour l’année, b) dans les autres cas, la somme qui serait obtenue pour l’élément A de la définition de **dépenses d’intérêts et de financement au paragraphe (1)** (a) the total depreciation (as defined in subsection 13(21)) allowed for property of a prescribed class; (d) the cumulative Canadian development expense (as defined in subsection 66.2(5)); (g) the amount the taxpayer may deduct under subsections 66.7(1), (2) or (2.3) to (5). Transfer of cumulative unused excess capacity (i) a financial institution group entity, (iii) a special purpose loss corporation; (d) the election or amended election --- capacité reçue du cessionnaire pour une année d’imposition si les conditions ci-après sont remplies : a) l’année d’imposition du cédant se termine dans l’année d’imposition du cessionnaire; b) le cédant et le cessionnaire sont chacun, à la fois : (i) une société canadienne imposable ou une fiducie commerciale à participation fixe tout au long de son année d’imposition, (ii) une entité admissible du groupe relativement à l’autre à la fin de son année d’imposition; c) si le cédant est une entité du groupe d’institutions financières ou une société de portefeuille financière pour son année d’imposition, le cessionnaire est, pour son année d’imposition, selon le cas : (i) une entité du groupe d’institutions financières, (ii) une société de portefeuille financière, (iii) une société à usage déterminé ayant subi des pertes; d) le choix ou le choix modifié : (i) précise le montant de capacité transférée, (ii) est présenté au ministre par le cédant : (A) soit au plus tard au dernier en date de la date d’échéance de production : (I) du cédant pour son année d’imposition, (II) du cessionnaire pour son année d’imposition, (B) au plus tard le quatre-vingt-dixième jour suivant la date d’envoi des documents suivants : (I) un avis de cotisation concernant l’impôt payable en vertu de la présente partie par le cédant ou le cessionnaire pour leurs années d’imposition respectives, (II) un avis au cédant ou au cessionnaire portant qu’aucun impôt n’est payable en vertu de la présente partie pour leurs années d’imposition respectives; e) le total des montants dont chacun serait, si le présent paragraphe était lu sans égard au présent alinéa, un montant de capacité transférée du cédant pour son année d’imposition à l’égard d’un cessionnaire, ne dépasse pas la capacité inutilisée excédentaire cumulative du cédant pour l’année; A ≥ B where (i) a financial institution group entity, or and C ≥ D where (iii) meets the conditions set out in paragraphs (a) to (d) of the definition excluded interest, and and Income Tax PART I Income Tax DIVISION B Computation of Income
In this section, cumulative offset account of a corporation at any time means the amount, if any, by which (a) the total of all amounts required to be added under subsections 66(14.1) and (14.2) in computing its cumulative offset account before that time, (b) the total of all amounts deducted under subsection 66.5(1) in computing its income for taxation years ending before that time.
Impôt sur le revenu
Where at any time after June 5, 1987 control of a corporation has been acquired by a person or group of persons, the amount deductible under subsection 66.5(1) by the corporation in computing its income for a taxation year ending after that time shall not exceed the amount, if any, by which (a) the part of its income for the year that may reasonably be regarded as attributable to production from Canadian resource properties owned by it immediately before that time SUBDIVISION C Deductions in Computing Income (b) the total of all amounts deducted under subsection 29(25) of the Income Tax Application Rules and subsections 66.7(1), (3), (4) and (5) by it in respect of its income for the year in computing its income for the year. Acquisition from tax-exempt
Successor of Canadian exploration and development expenses
(a) the Canadian exploration and development expenses incurred by the original owner before the original owner disposed of the particular property to the extent that those expenses were not otherwise deducted in computing the income of the successor for the year, were not deducted in computing the income of the successor for a preceding taxation year and were not deductible under subsection 66(1) or deducted under subsection 66(2) or 66(3) by the original owner, or deducted by any predecessor owner of the particular property, in computing income for any taxation year, and (b) the amount, if any, by which (i) the part of the successor’s income for the year that may reasonably be regarded as attributable to (A) the amount included in computing its income for the year under paragraph 59.3(2)(c) that may reasonably be regarded as attributable to the disposition by it in the year or a preceding SUBDIVISION E Deductions in Computing Income taxation year of any interest in or right to — or, for civil law, any right in or to — the particular property to the extent that the proceeds of the disposition have not been included in determining an amount under clause 29(25)(d)(i)(A) of the Income Tax Application Rules, this clause, clause (3)(b)(i)(A) or paragraph (10)(g) for a preceding taxation year, (B) its reserve amount for the year in respect of the original owner and each predecessor owner, if any, of the particular property, or (C) production from the particular property, computed as if no deduction were allowed under section 29 of the Income Tax Application Rules, this section or any of sections 65 to 66.5, exceeds the total of (ii) all other amounts deducted under subsection 29(25) of the Income Tax Application Rules, this subsection and subsections 66.7(3), 66.7(4) and 66.7(5) for the year that can reasonably be regarded as attributable to the part of its income for the year described in subparagraph 66.7(1)(b)(i) in respect of the particular property, and (iii) all amounts added because of subsection 80(13) in computing the amount determined under subparagraph 66.7(1)(b)(i). Successor of foreign exploration and development expenses
Subject to subsections 66.7(6) and 66.7(8), where after 1971 a corporation (in this subsection referred to as the “successor”) acquired a particular foreign resource property (whether by way of a purchase, amalgamation, merger, winding-up or otherwise), there may be deducted by the successor in computing its income for a taxation year an amount not exceeding the total of all amounts each of which is an amount determined in respect of an original owner of the particular property that is the lesser of (a) the amount, if any, by which (i) the foreign exploration and development expenses incurred by the original owner before the original owner disposed of the particular property to the extent that those expenses were incurred when the original owner was resident in Canada, were not otherwise deducted in computing the successor’s income for the year, were not deducted in computing the successor’s income for a preceding taxation year and were not deductible by the original owner, nor deducted by any predecessor owner of the particular property, in computing income for any taxation year exceeds (ii) the total of all amounts each of which is an amount by which the amount described in this paragraph is required because of subsection 80(8) to be reduced at or before the end of the year, and (b) the amount, if any, by which the total of (i) the part of the successor’s income for the year that can reasonably be regarded as attributable to (A) the amount included under subsection 59(1) in computing its income for the year that can reasonably be regarded as attributable to the disposition by it of any interest in or right to — or, for civil law, any right in or to — the particular property, or (B) production from the particular property, computed as if no deduction were allowed under sections 65 to 66.5 and this section, and (A) the total of all amounts each of which is the amount designated by the successor for the year in respect of a Canadian resource property owned by the original owner immediately before being acquired with the particular property by the successor or a predecessor owner of the particular property, not exceeding the amount included in the successor’s income for the year, computed as if no deduction were allowed under section 29 of the Income Tax Application Rules, this section or any of sections 65 to 66.5, that can reasonably be regarded as being attributable to the production after 1988 from the Canadian resource property, and (B) the amount, if any, by which 10% of the amount described in paragraph 66.7(2)(a) for the year in respect of the original owner exceeds the total of all amounts each of which would, but for this subparagraph, clause 66.7(2)(b)(iii)(B) and subparagraph 66.7(10)(h)(vi), be determined under this paragraph for the year in respect of the particular property or other foreign resource property owned by the original owner immediately before being acquired with the particular property by the successor or a predecessor owner of the particular property exceeds the total of (iii) all other amounts deducted under this subsection for the year that can reasonably be regarded as attributable to (A) the part of its income for the year described in subparagraph 66.7(2)(b)(ii) in respect of the particular property, or (B) a part of its income for the year described in clause 66.7(2)(b)(ii)(A) in respect of which an amount is designated by the successor under clause 66.7(2)(b)(ii)(A), and (iv) all amounts added because of subsection 80(13) in computing the amount determined under subparagraph 66.7(2)(b)(i), and income in respect of which an amount is designated under clause 66.7(2)(b)(ii)(A) shall, for the purposes of clause 29(25)(d)(i)(B) of the Income Tax Application Rules, clauses 66.7(1)(b)(i)(C), 66.7(3)(b)(i)(C), 66.7(4)(b)(i)(B) and 66.7(5)(b)(i)(B), and subclause 66.7(10)(g)(iii), be deemed not to be attributable to production from a Canadian resource property. Country-by-country successor FEDE allocations (2.1) For greater certainty, the portion of an amount deducted under subsection (2) in computing a taxpayer’s income for a taxation year that can reasonably be considered to be in respect of specified foreign exploration and development expenses of the taxpayer in respect of a country is considered to apply to a source in that country. (2.2) For the purpose of subsection (2.1), where a taxpayer has incurred specified foreign exploration and development expenses in respect of two or more countries, an allocation to each of those countries for a taxation year shall be determined in a manner that is (a) reasonable having regard to all the circumstances, including the level and timing of SUBDIVISION E Deductions in Computing Income (ii) the profits or gains to which those expenses relate; and (b) not inconsistent with the allocation made under subsection (2.1) for the preceding taxation year. Successor of foreign resource expenses (2.3) Subject to subsections (6) and (8), where a corporation (in this subsection referred to as the “successor”) acquired a particular foreign resource property in respect of a country (whether by way of a purchase, amalgamation, merger, winding-up or otherwise), there may be deducted by the successor in computing its income for a taxation year an amount not exceeding the total of all amounts each of which is an amount determined in respect of an original owner of the particular property that is the lesser of (a) 30% of the amount, if any, by which (i) the cumulative foreign resource expense, in respect of the country, of the original owner determined immediately after the disposition of the particular property by the original owner to the extent that it has not been (A) deducted by the original owner or any predecessor owner of the particular property in computing income for any taxation year, (B) otherwise deducted in computing the income of the successor for the year, or (C) deducted by the successor in computing its income for any preceding taxation year exceeds the total of (ii) all amounts each of which is an amount (other than any portion of the amount that can reasonably be considered to result in a reduction of the amount otherwise determined under this paragraph in respect of another original owner of a relevant resource property who is not a predecessor owner of a relevant resource property or who became a predecessor owner of a relevant resource property before the original owner became a predecessor owner of a relevant resource property) that became receivable by a predecessor owner of the particular property, or by the successor in the year or a preceding taxation year, and that (A) was included by the predecessor owner or the successor in computing an amount determined under paragraph (a) of the description of F in the definition cumulative foreign resource expense in subsection 66.21(1) at the end of the year, and (B) can reasonably be regarded as attributable to the disposition of a property (in this subparagraph referred to as a “relevant resource property”) that is (II) another foreign resource property in respect of the country that was acquired from the original owner with the particular property by the successor or a predecessor owner of the particular property, and (iii) all amounts each of which is an amount by which the amount described in this paragraph is required by reason of subsection 80(8) to be reduced at or before the end of the year, and (b) the amount, if any, by which the total of (i) the part of the successor’s income for the year that can reasonably be regarded as attributable to production from the particular property, computed as if no deduction were permitted under section 29 of the Income Tax Application Rules, this section or any of sections 65 to 66.5, except that, where the successor acquired the particular property from the original owner at any time in the year (otherwise than by way of an amalgamation or merger or solely by reason of the application of paragraph 10(c)) and did not deal with the original owner at arm’s length at that time, the amount determined under this subparagraph is deemed to be nil, and (ii) unless the amount determined under subparagraph (i) is nil by reason of the exception provided under that subparagraph, the lesser of (A) the total of all amounts each of which is the amount designated by the successor for the year in respect of a Canadian resource property owned by the original owner immediately before being acquired with the particular property by the successor or a predecessor owner of the particular property, not exceeding the amount included in the successor’s income for the year, computed as if no deduction were permitted under section 29 of the Income Tax Application Rules, this section or any of sections 65 to 66.5, that can reasonably be regarded as being attributable to the production from the Canadian resource property, and (B) the amount, if any, by which 10% of the amount described in paragraph (a) for the year, in respect of the original owner, exceeds the total of all amounts each of which would, but for this subparagraph, clause (2)(b)(iii)(B) and subparagraph (10)(h)(vi), be determined under this paragraph for the year in respect of the particular property or other foreign resource property, in respect of the country, owned by the original owner immediately before being acquired with the particular property by the successor or by a predecessor owner of the particular property exceeds the total of (iii) all other amounts each of which is an amount deducted for the year under this subsection or subsection (2) that can reasonably be regarded as attributable to (A) the part of its income for the year described in subparagraph (i) in respect of the particular property, (B) a part of its income for the year described in clause (ii)(A) in respect of which an amount is designated by the successor under clause (ii)(A), and (iv) all amounts added by reason of subsection 80(13) in computing the amount determined under subparagraph (i), and income in respect of which an amount is designated under clause (b)(ii)(A) is, for the purposes of clause 29(25)(d)(ii)(B) of the Income Tax Application Rules, clauses (1)(b)(i)(C), (3)(b)(i)(C), (4)(b)(i)(B) and (5)(b)(i)(B) and subparagraph (10)(g)(iii), deemed not to be attributable to production from a Canadian resource property. Successor of Canadian exploration expense
(iii) remplit les conditions des alinéas a) à d) de la définition de intérêts exclus, (iv) donnerait lieu, en l’absence du présent article, à une perte qui est, ou qui sera, utilisée uniquement par une entité du groupe d’institutions financières, D le total des sommes dont chacune serait, en l’absence du présent alinéa, à la fois : (i) un montant de capacité perdue de la société ayant subi des pertes à usage déterminé pour son année d’imposition, (ii) un montant de capacité transférée d’une entité du groupe d’institutions financières pour une des ses années d’imposition; h) un choix modifié n’a pas été produit conformément au présent article; i) lorsque le choix est un choix modifié : (ii) soit les conditions ci-après sont remplies : (A) en l’absence d’une cotisation, la condition de l’alinéa e) serait remplie relativement à un choix antérieur fait au présent paragraphe par le cédant et le cessionnaire pour leurs années d’imposition respectives, (B) le paragraphe (9) ne s’applique pas à un avantage fiscal relativement à un choix antérieur pour l’année d’imposition du cédant ou du cessionnaire, (iii) soit le ministre accorde l’autorisation de modifier le choix antérieur en vertu du paragraphe (5); j) le cessionnaire produit une déclaration de renseignements conformément au paragraphe (6) pour l’année civile dans laquelle son année d’imposition se termine. Choix modifié ou produit en retard
Subject to subsections 66.7(6) and 66.7(7), where after May 6, 1974 a corporation (in this subsection referred to as the “successor”) acquired a particular Canadian resource property (whether by way of a purchase, amalgamation, merger, winding-up or otherwise), there may be deducted by the successor in computing its income for a taxation year an amount not exceeding the total of all amounts each of which is an amount determined in respect of an original owner of the particular property that is the lesser of (a) the amount, if any, by which (A) the cumulative Canadian exploration expenses of the original owner determined immediately after the disposition of the particular property by the original owner, and (B) all amounts required to be added under paragraph 66.7(9)(f) to the cumulative Canadian exploration expense of the original owner in respect of a predecessor owner of the particular property, or the successor, as the case may be, at any time after the disposition of the particular property by the original owner and before the end of the year, to the extent that an amount in respect of that total was not (C) deducted or required to be deducted under subsection 66.1(2) or 66.1(3) by the original owner or deducted by any predecessor owner of the particular property in computing income for any taxation year, (D) otherwise deducted in computing the successor’s income for the year, (E) deducted in computing the successor’s income for a preceding taxation year, or (F) designated by the original owner pursuant to subsection 66(14.1) for any taxation year, (ii) the total of all amounts each of which is an amount by which the amount described in this paragraph is required because of subsection 80(8) to be reduced at or before the end of the year, and (b) the amount, if any, by which (i) the part of the successor's income for the year that may reasonably be regarded as attributable to (A) the amount included in computing its income for the year under paragraph 59(3.2)(c) that may reasonably be regarded as being attributable to the disposition by it in the year or a preceding taxation year of any interest in or right to — or, for civil law, any right in or to — the particular property to the extent that the proceeds have not been included in determining an amount under clause 29(25)(d)(i)(A) of the Income Tax Application Rules, this clause, clause (1)(b)(i)(A) or paragraph (10)(g) for a preceding taxation year, (B) its reserve amount for the year in respect of the original owner and each predecessor owner, if any, of the particular property, or (C) production from the particular property, computed as if no deduction were allowed under section 29 of the Income Tax Application Rules, this section or any of sections 65 to 66.5, exceeds the total of (ii) all other amounts deducted under subsection 29(25) of the Income Tax Application Rules, this subsection and subsections 66.7(1), 66.7(4) and 66.7(5) for the year that can reasonably be regarded as attributable to the part of its income for the year described in subparagraph 66.7(3)(b)(i) in respect of the particular property, and (iii) all amounts added because of subsection 80(13) in computing the amount determined under subparagraph 66.7(3)(b)(i). Successor of Canadian development expense
Le ministre peut proroger le délai pour faire le choix prévu au paragraphe (4), ou permettre que ce choix soit modifié, si les conditions suivantes sont réunies : a) le cédant et le cessionnaire démontrent, à la satisfaction du ministre, que, à la fois : (i) le cédant, le cessionnaire et chaque autre entité admissible du groupe relativement au cédant et au cessionnaire ont fait des efforts voulus pour déterminer toutes les sommes qu’il est raisonnable de considérer comme pertinentes pour faire le choix, Income Tax PART I Income Tax DIVISION B Computation of Income
Subject to subsections 66.7(6) and 66.7(7), where after May 6, 1974 a corporation (in this subsection referred to as the “successor”) acquired a particular Canadian resource property (whether by way of a purchase, amalgamation, merger, winding-up or otherwise), there may be deducted by the successor in computing its income for a taxation year an amount not exceeding the total of all amounts each of which is an amount determined in respect of an original owner of the particular property that is the lesser of (a) 30% of the amount, if any, by which (i) the amount, if any, by which (A) the cumulative Canadian development expense of the original owner determined immediately after the disposition of the particular property by the original owner to the extent that it has not been (I) deducted by the original owner or any predecessor owner of the particular property in computing income for any taxation year, (I.1) otherwise deducted in computing the income of the successor for the year, (II) deducted by the successor in computing its income for any preceding taxation year, or (III) designated by the original owner pursuant to subsection 66(14.2) for any taxation year, (B) any amount required to be deducted under paragraph (9)(e) from the cumulative Canadian development expense of the original owner in respect of a predecessor owner of the particular property or the successor, as the case may be, at any time after the disposition of the particular property by the original owner and before the end of the year, exceeds the total of (ii) all amounts each of which is an amount (other than any portion thereof that can reasonably be considered to result in a reduction of the amount otherwise determined under this paragraph in respect of another original owner of a relevant mining property who is not a predecessor owner of a relevant mining property or who became a predecessor owner of a relevant mining property before the original owner became a predecessor owner of a relevant mining property) that became receivable by a predecessor owner of the particular property or the successor in the year or a preceding taxation year and that (A) was included by the predecessor owner or the successor in computing an amount determined under paragraph (a) of the description of F in the definition cumulative Canadian development expense in subsection 66.2(5) at the end of the year, and (B) can reasonably be regarded as attributable to the disposition of a property (in this subparagraph referred to as a “relevant mining property”) that is the particular property or another Canadian resource property that was acquired from the original owner with the particular property by the successor or a predecessor owner of the particular property, (iii) all amounts each of which is an amount (other than any portion thereof that can reasonably be considered to result in a reduction of the amount otherwise determined under paragraph 66.7(5)(a) in respect of the original owner or under this paragraph or paragraph 66.7(5)(a) in respect of another original owner of a relevant oil and gas property who became a predecessor owner of a relevant oil and gas property before the original owner became a predecessor owner of a relevant oil and gas property) that became receivable by a predecessor owner of the particular property or the successor after 1992 and in the year or a preceding taxation year that (A) is designated in respect of the original owner by the predecessor owner or the successor, as the case may be, in prescribed form filed with the Minister within 6 months after the end of the taxation year in which the amount became receivable, (B) was included by the predecessor owner or the successor in computing an amount determined under paragraph (a) of the description of F in the definition cumulative Canadian oil and gas property expense in subsection 66.4(5) at the end of the year, and (C) can reasonably be regarded as attributable to the disposition of a property (in this subparagraph referred to as “relevant oil and gas property”) that is the particular property or another Canadian resource property that was acquired from the original owner with the particular property by the successor or a predecessor owner of the particular property, and (iv) all amounts each of which is an amount by which the amount described in this paragraph is required because of subsection 80(8) to be reduced at or before the end of the year, and (b) the amount, if any, by which (i) the part of the successor’s income for the year that can reasonably be regarded as attributable to (A) its reserve amount for the year in respect of the original owner and each predecessor owner of the particular property, or SUBDIVISION E Deductions in Computing Income (B) production from the particular property, computed as if no deduction were allowed under section 29 of the Income Tax Application Rules, this section or any of sections 65 to 66.5, except that, where the successor acquired the particular property from the original owner at any time in the year (otherwise than by way of an amalgamation or merger or solely because of the application of paragraph 66.7(10)(c)) and did not deal with the original owner at arm’s length at that time, the amount determined under this subparagraph shall be deemed to be nil, exceeds the total of (ii) all other amounts deducted under subsection 29(25) of the Income Tax Application Rules, this subsection and subsections 66.7(1), 66.7(3) and 66.7(5) for the year that can reasonably be regarded as attributable to the part of its income for the year described in subparagraph 66.7(4)(b)(i) in respect of the particular property, and (iii) all amounts added because of subsection 80(13) in computing the amount determined under subparagraph 66.7(4)(b)(i). Successor of Canadian oil and gas property expense
Summary — cumulative unused excess capacity transfers Impôt sur le revenu
Subject to subsections 66.7(6) and 66.7(7), where after December 11, 1979 a corporation (in this subsection referred to as the “successor”) acquired a particular Canadian resource property (whether by way of a purchase, amalgamation, merger, winding-up or otherwise), there may be deducted by the successor in computing its income for a taxation year an amount not exceeding the total of all amounts each of which is an amount determined in respect of an original owner of the particular property that is the lesser of (a) 10% of the amount, if any, by which (i) the cumulative Canadian oil and gas property expense of the original owner determined immediately after the disposition of the particular property by the original owner to the extent it has not been (A) deducted by the original owner or any predecessor owner of the particular property in computing income for any taxation year, (A.1) otherwise deducted in computing the income of the successor for the year, or SUBDIVISION E Deductions in Computing Income (B) deducted by the successor in computing its income for any preceding taxation year exceeds the total of (ii) the total of all amounts each of which is an amount (other than any portion thereof that can reasonably be considered to result in a reduction of the amount otherwise determined under this paragraph or paragraph 66.7(4)(a) in respect of another original owner of a relevant oil and gas property who is not a predecessor owner of a relevant oil and gas property or who became a predecessor owner of a relevant oil and gas property before the original owner became a predecessor owner of a relevant oil and gas property) that became receivable by a predecessor owner of the particular property or the successor in the year or a preceding taxation year and that (A) was included by the predecessor owner or the successor in computing an amount determined under paragraph (a) of the description of F in the definition cumulative Canadian oil and gas property expenses in subsection 66.4(5) at the end of the year, and (B) can reasonably be regarded as attributable to the disposition of a property (in this subparagraph referred to as a "relevant oil and gas property") that is the particular property or another Canadian resource property that was acquired from the original owner with the particular property by the successor or a predecessor owner of the particular property, and (iii) the total of all amounts each of which is an amount by which the amount described in this paragraph is reduced because of subsection 80(8) to be reduced at or before the end of the year, and (b) the amount, if any, by which (i) the part of the successor's income for the year that can reasonably be regarded as attributable to (A) its reserve amount for the year in respect of the original owner and each predecessor owner of the particular property, or (B) production from the particular property, computed as if no deduction were allowed under section 29 of the Income Tax Application Rules, this section or any of sections 65 to 66.5, except that, where the successor acquired the particular property from the original owner at any time in the SUBDIVISION E Deductions in Computing Income year (otherwise than by way of an amalgamation or merger or solely because of the application of paragraph 66.7(10)(c)) and did not deal with the original owner at arm’s length at that time, the amount determined under this subparagraph shall be deemed to be nil, exceeds the total of (ii) all other amounts deducted under subsection 29(25) of the Income Tax Application Rules, this subsection and subsections 66.7(1), 66.7(3) and 66.7(4) for the year that can reasonably be regarded as attributable to the part of its income for the year described in subparagraph 66.7(5)(b)(i) in respect of the particular property, and (iii) all amounts added because of subsection 80(13) in computing the amount determined under subparagraph 66.7(5)(b)(i). (a) in respect of a Canadian resource property or a foreign resource property acquired by way of an amalgamation to which subsection 87(1.2) applies or a winding-up to which subsection 88(1.5) applies; or (b) to permit, in respect of the acquisition by a corporation before February 18, 1987 of a Canadian resource property or a foreign resource property, a deduction by the corporation of an amount that the corporation would not have been entitled to deduct under section 29 of the Income Tax Application Rules or section 66.1, 66.2 or 66.4 if those sections, as they read in their application to taxation years ending before February 18, 1987, applied to taxation years ending after February 17, 1987.
Subsection 29(25) of the Income Tax Application Rules and subsections 66.7(1), 66.7(3), 66.7(4) and 66.7(5) apply only to a corporation that has acquired a particular Canadian resource property (a) where it acquired the particular property in a taxation year commencing before 1985 and, at the time it acquired the particular property, the corporation acquired all or substantially all of the property used by the person from whom it acquired the particular property in carrying on in Canada such of the businesses described in paragraphs (a) to (g) of the definition principal-business corporation in subsection 66(15) as were carried on by the person; (b) where it acquired the particular property in a taxation year commencing after 1984 and, at the time it acquired the particular property, the corporation acquired all or substantially all of the Canadian resource properties of the person from whom it acquired the particular property; (c) where it acquired the particular property after June 5, 1987 by way of an amalgamation or winding-up and it has filed an election in prescribed form with the Minister on or before the day on or before which the corporation is required to file a return of income pursuant to section 150 for its taxation year in which it acquired the particular property; (d) where it acquired the particular property after November 16, 1978 and in a taxation year ending before February 18, 1987 by any means other than by way of an amalgamation or winding-up and it and the person from whom it acquired the particular property have filed with the Minister a joint election under and in accordance with subsection 29(25) of the Income Tax Application Rules, subsection 29(29) of the Income Tax Application Rules, 1971, Part III of chapter 63 of the Statutes of Canada, 1970-71-72, and subsections 66(6) and (7), 66.1(4) and (5), 66.2(3) and (4) and 66.4(3) and (4) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as all of those subsections read in their application to that year; and (e) where it acquired the particular property in a taxation year ending after February 17, 1987 by any means other than by way of an amalgamation or winding-up and it and the person from whom it acquired the particular property have filed a joint election in prescribed form with the Minister on or before the earlier of the days on or before which either of them is required to file a return of income pursuant to section 150 for its or the person’s taxation year in which the corporation acquired the particular property.
Subsections (2) and (2.3) apply only to a corporation that has acquired a particular foreign resource property (a) where it acquired the particular property in a taxation year commencing before 1985 and, at the time it acquired the particular property, the corporation acquired all or substantially all of the property used by the person from whom it acquired the particular property in carrying on outside Canada such of the businesses described in paragraphs (a) to (g) of the definition de société exploitant une entreprise principale au paragraphe 66(15); definition **principal-business corporation** in subsection 66(15) as were carried on by that person; (b) where it acquired the particular property in a taxation year commencing after 1984 and, at the time it acquired the particular property, the corporation acquired all or substantially all of the foreign resource properties of the person from whom it acquired the particular property; (c) where it acquired the particular property after June 5, 1987 by way of an amalgamation or winding-up and it has filed an election in prescribed form with the Minister on or before the day on or before which the corporation is required to file a return of income pursuant to section 150 for its taxation year in which it acquired the particular property; (d) where it acquired the particular property after November 16, 1978 and in a taxation year ending before February 18, 1987 by any means other than by way of an amalgamation or winding-up and it and the person from whom it acquired the particular property, have filed with the Minister a joint election under and in accordance with subsections 66(6) or (7) (as modified by subsections 66(8) and (9), respectively) of the **Income Tax Act**, chapter 148 of the Revised Statutes of Canada, 1952, as those subsections read in their application to that year; and (e) where it acquired the particular property in a taxation year ending after February 17, 1987 by any means other than by way of an amalgamation or winding-up and it and the person from whom it acquired the particular property have filed a joint election in prescribed form with the Minister on or before the earlier of the day on or before which either of them is required to file a return of income pursuant to section 150 for its or the person’s taxation year in which the corporation acquired the particular property. **Canadian development expense becoming Canadian exploration expense** (a) a corporation acquires a Canadian resource property, (b) subsection 66.7(4) applies in respect of the acquisition, and (c) the cumulative Canadian development expense of an original owner of the property determined under clause 66.7(4)(a)(ii)(A) in respect of the corporation includes a Canadian development expense incurred by the original owner in respect of an oil or gas well that SUBDIVISION E Deductions in Computing Income would, but for this subsection, be deemed by subsection 66.1(9) to be a Canadian exploration expense incurred in respect of the well by the original owner at any particular time after the acquisition by the corporation and before it disposed of the property, the following rules apply: (d) subsection 66.1(9) does not apply in respect of the Canadian development expense incurred in respect of the well by the original owner, (e) an amount equal to the lesser of (i) the amount that would be deemed by subsection 66.1(9) to be a Canadian exploration expense incurred in respect of the well by the original owner at the particular time if that subsection applied in respect of the expense, and (ii) the cumulative Canadian development expense of the original owner as determined under clause 66.7(4)(a)(i)(A) in respect of the corporation immediately before the particular time shall be deducted at the particular time from the cumulative Canadian exploration expense of the original owner in respect of the corporation for the purposes of subparagraph 66.7(4)(a)(i), and (f) the amount required by paragraph 66.7(9)(e) to be deducted shall be added at the particular time to the cumulative Canadian exploration expense of the original owner in respect of the corporation for the purpose of paragraph 66.7(3)(a).
Where at any time after November 12, 1981 (a) control of a corporation has been acquired by a person or group of persons, or (b) a corporation ceased on or before April 26, 1995 to be exempt from tax under this Part on its taxable income, for the purposes of the provisions of the Income Tax Application Rules and this Act (other than subsections 66(12.6), (12.601), (12.602), (12.62) and (12.71)) relating to deductions in respect of drilling and exploration expenses, prospecting, exploration and development expenses, Canadian exploration and development expenses, foreign resource pool expenses, Canadian exploration expenses, Canadian development expenses and Canadian oil and gas property expenses (in this subsection referred to as “resource expenses”) incurred by the corporation before that time, the following rules apply: SUBDIVISION E Deductions in Computing Income (c) the corporation shall be deemed after that time to be a successor (within the meaning assigned by subsection 29(25) of the Income Tax Application Rules or any of subsections 66.7(1) to 66.7(5)) that had, at that time, acquired all the properties owned by the corporation immediately before that time from an original owner thereof, (c.1) where the corporation did not own a foreign resource property immediately before that time, the corporation is deemed to have owned a foreign resource property immediately before that time, (d) a joint election shall be deemed to have been filed in accordance with subsections 66.7(7) and 66.7(8) in respect of the acquisition, (e) the resource expenses incurred by the corporation before that time shall be deemed to have been incurred by an original owner of the properties and not by the corporation, (f) the original owner is deemed to have been resident in Canada before that time while the corporation was resident in Canada, (g) where the corporation (in this paragraph referred to as the “transferee”) was, immediately before that time, (i) a parent corporation (within the meaning assigned by subsection 87(1.4)), or (ii) a subsidiary wholly-owned corporation (within the meaning assigned by subsection 87(1.4)) of a particular corporation (in this paragraph referred to as the “transferor”), if both corporations agree to have this paragraph apply to them in respect of a taxation year of the transferor ending after that time and notify the Minister in writing of the agreement in the return of income under this Part of the transferor for that year, the transferor may, if throughout that year the transferee was such a parent corporation or subsidiary wholly-owned corporation of the transferor, an amount not exceeding such portion of the amount that would be its income for the year, if no deductions were allowed under any of section 29 of the Income Tax Application Rules, this section and sections 65 to 66.5, that may reasonably be regarded as being attributable to SUBDIVISION E Deductions in Computing Income (iii) the production from Canadian resource properties owned by the transferor immediately before that time, and (iv) the disposition in the year of any Canadian resource properties owned by the transferor immediately before that time, to the extent that the portion of the amount so designated is not designated under this paragraph in favour of any other taxpayer, and the amount so designated shall be deemed, for the purposes of determining the amount under paragraph 29(25)(d) of the Income Tax Application Rules and paragraphs 66.7(1)(b), 66.7(3)(b), 66.7(4)(b) and 66.7(5)(b), (v) to be income from the sources described in subparagraph 66.7(10)(g)(iii) or 66.7(10)(g)(iv), as the case may be, of the transferee for its taxation year in which that taxation year of the transferor ends, and (vi) not to be income from the sources described in subparagraph 66.7(10)(g)(iii) or 66.7(10)(g)(iv), as the case may be, of the transferor for that year, (vii) where the corporation (in this paragraph referred to as the “transferee”) was, immediately before and at that time, (i) a parent corporation (within the meaning assigned by subsection 87(1.4)), or (ii) a subsidiary wholly-owned corporation (within the meaning assigned by subsection 87(1.4)) of a particular corporation (in this paragraph referred to as the “transferor”), if both corporations agree to have this paragraph apply to them in respect of a taxation year of the transferor ending after that time and notify the Minister in writing of the agreement in the return of income under this Part of the transferor for that year, the transferor may, if throughout that year the transferee was such a parent corporation or subsidiary wholly-owned corporation of the transferor, designate in favour of the transferee, in respect of that year, for the purpose of making a deduction under this section in respect of resource expenses incurred by the transferor before that time and when it was such a parent corporation or subsidiary wholly-owned corporation of the transferor, an amount not exceeding such portion of the amount that would be its income for the year, if no deductions were allowed under this section and sections 65 to 66.5, that may reasonably be regarded as being attributable to (iii) the production from foreign resource properties owned by the transferor immediately before that time, and (iv) the disposition of any foreign resource properties owned by the transferor immediately before that time, to the extent that the portion of the amount so designated is not designated under this paragraph in favour of any other taxpayer, and the amount so designated shall be deemed, (v) for the purposes of determining the amounts under paragraphs (2)(b) and (2.3)(b), to be income from the sources described in subparagraph (iii) or (iv), as the case may be, of the transferee for its taxation year in which that taxation year of the transferor ends, and (vi) for the purposes of determining the amounts under paragraphs (2)(b) and (2.3)(b), not to be income from the sources described in subparagraph (iii) or (iv), as the case may be, of the transferor for that year, (ii) where, immediately before and at that time, the corporations (in this paragraph referred to as the “transferee”) and another corporation (in this paragraph referred to as the “transferor”) were both subsidiary wholly-owned corporations (within the meaning assigned by subsection 87(1.4)) of a particular parent corporation (within the meaning assigned by subsection 87(1.4)), the transferee and the transferor agree to have this paragraph apply to them in respect of a taxation year of the transferor ending after that time and notify the Minister in writing of the agreement in the return of income under this Part of the transferor for that year, paragraph 66.7(10)(g) or 66.7(10)(h), or both, as the agreement provides, shall apply for that year to the transferee and transferor as though one were the parent corporation (within the meaning of subsection 87(1.4)) of the other, and (j) where that time is after January 15, 1987 and at that time the corporation was a member of a partnership that owned a Canadian resource property or a foreign resource property at that time (i) for the purpose of paragraph 66.7(10)(c), the corporation shall be deemed to have owned immediately before that time that portion of the property owned by the partnership at that time that is equal to its percentage share of the total of amounts that would be paid to all members of the partnership if it were wound up at that time, and (ii) for the purposes of clause 29(25)(d)(i)(B) of the Income Tax Application Rules, clauses (1)(b)(i)(C) and (2)(b)(i)(B), subparagraph (2.3)(b)(i) and clauses (3)(b)(i)(C), (4)(b)(i)(B) and (5)(b)(i)(B) for a taxation year ending after that time, the lesser of (A) its share of the part of the income of the partnership for the fiscal period of the partnership ending in the year that may reasonably be regarded as being attributable to the production from the property, and (B) an amount that would be determined under clause 66.7(10)(j)(ii)(A) for the year if its share of the income of the partnership for the fiscal period of the partnership ending in the year were determined on the basis of the percentage share referred to in subparagraph 66.7(10)(j)(i), shall be deemed to be income of the corporation for the year that may reasonably be attributable to production from the property. Amalgamation — partnership property (10.1) For the purposes of subsections (1) to (5) and the definition of owner in subsection (6.1), if at any particular time there has been an amalgamation within the meaning assigned by subsection 87(1), other than an amalgamation to which subsection 87(1.2) applies, of two or more corporations (each of which is referred to in this subsection as a “predecessor corporation”) to form one corporation entity (referred to in this subsection as the “new corporation”) and immediately before the particular time a predecessor corporation was a member of a partnership that owned a Canadian resource property or a foreign resource property, (a) the predecessor corporation is deemed (i) to have owned, immediately before the particular time, that portion of each Canadian resource property and of each foreign resource property owned by the partnership at the particular time that is equal to the predecessor corporation’s percentage share of the total of the amounts that would be paid to all members of the partnership if the partnership were wound up immediately before the particular time, and (ii) to have disposed of those portions to the new corporation at the particular time; (b) the new corporation is deemed to have, by way of the amalgamation, acquired those portions at the particular time; and (c) the income of the new corporation for a taxation year that ends after the particular time that can reasonably be attributable to production from those properties is deemed to be the lesser of (i) the new corporation’s share of the part of the income of the partnership for fiscal periods of the partnership that end in the year that can reasonably be regarded as being attributable to production from those properties, and (ii) the amount that would be determined under subparagraph (i) for the year if the new corporation’s share of the income of the partnership for the fiscal periods of the partnership that end in the year were determined on the basis of the percentage share referred to in paragraph (a).
(iii) le choix ou le choix modifié, selon le cas, est produit dès que les circonstances le permettent; b) selon le ministre, les circonstances sont telles qu’il serait juste et équitable de permettre que le choix soit fait ou modifié. Sommaire — transferts de la capacité excédentaire cumulative inutilisée
Where, at any time, (a) control of a taxpayer that is a corporation has been acquired by a person or group of persons, or (b) a taxpayer has disposed of all or substantially all of the taxpayer’s Canadian resource properties or foreign resource properties, and, before that time, the taxpayer or a partnership of which the taxpayer was a member acquired a property that is a Canadian resource property, a foreign resource property or an interest in a partnership and it may reasonably be considered that one of the main purposes of the acquisition was to avoid any limitation provided in subsection 29(25) of the Income Tax Application Rules or in any of subsections 66.7(1) to 66.7(5) on the deduction in respect of any expenses incurred by the taxpayer or a corporation referred to as a transferee in paragraph 66.7(10)(g) or 66.7(10)(h), the taxpayer or the partnership, as the case may be, shall be deemed, for the purposes of applying those subsections to or in respect of the taxpayer, not to have acquired the property. Reduction of Canadian resource expenses
Si un ou plusieurs choix sont produits en vertu du paragraphe (4), dans lesquels les montants sont désignés comme capacité reçue d’un cessionnaire donné pour une année d’imposition se terminant dans une année civile, le cessionnaire donné est tenu de produire pour l’année civile une déclaration de renseignements en la forme prescrite, dans les six mois suivant la fin de l’année civile relativement à ce qui suit : a) chacun de ces choix; b) chaque choix produit en vertu du paragraphe (4) pour une année d’imposition se terminant dans l’année civile, par un autre cessionnaire qui est une entité admissible du groupe relativement au cessionnaire donné à la fin de l’année d’imposition de l’autre cessionnaire. Sommaire — production par un déclarant désigné
Where in a taxation year an owner of Canadian resource properties disposes of all or substantially all of the original owner’s Canadian resource properties to a particular corporation in circumstances in which subsection 29(25) of the Income Tax Application Rules or subsection 66.7(1), 66.7(3), 66.7(4) or 66.7(5) applies, (a) the Canadian exploration and development expenses incurred by the original owner before that owner is disposed of the properties shall, for the purposes of this Subdivision, be deemed after the disposition not to have been incurred by the original owner except for the purposes of making a deduction under subsection 66(1) or 66(2) for the year and of determining the amount that may be deducted under subsection 66.7(1) by the particular corporation or by any other corporation that subsequently acquires any of the properties; (b) in determining the cumulative Canadian exploration expense of the original owner at any time after the time referred to in subparagraph 66.7(3)(a)(i), there shall be deducted the amount thereof determined immediately after the disposition; (b.1) for the purposes of paragraph 66.7(3)(a), the cumulative Canadian exploration expenses of the original owner determined immediately after the disposition that was deducted or required to be deducted under subsection 66.1(2) or 66.1(3) in computing the original owner’s income for the year shall be deemed to be equal to the lesser of (i) the amount deducted under paragraph 66.7(12)(b) in respect of the disposition, and (ii) the amount, if any, by which (B) the total of all amounts each of which is an amount determined under this paragraph in respect of any disposition made by the original owner before the disposition and in the year; (b.2) for greater certainty, any amount (other than the amount determined under paragraph 66.7(12)(b.1)) that was deducted or required to be deducted under subsection 66.1(2) or 66.1(3) by the original owner for the year or a subsequent taxation year shall, for the purposes of paragraph 66.7(3)(a), be deemed not to be in respect of the cumulative Canadian exploration expense of the original owner determined immediately after the disposition; (c) in determining the cumulative Canadian development expense of the original owner at any time after the time referred to in clause 66.7(4)(a)(i)(A), there shall be deducted the amount thereof determined immediately after the disposition; c.1) for the purpose of paragraph 66.7(4)(a), the cumulative Canadian development expense of the original owner determined immediately after the disposition that was deducted under subsection 66.2(2) in computing the original owner's income for the year shall be deemed to be equal to the lesser of (i) the amount deducted under paragraph 66.7(12)(c) in respect of the disposition, and (ii) the amount, if any, by which (B) the total of all amounts determined under this paragraph in respect of any dispositions made by the original owner before the disposition and in the year; c.2) for greater certainty, any amount (other than the amount determined under paragraph 66.7(12.1)(c.1)) that was deducted under subsection 66.2(2) by the original owner for the year or a subsequent taxation year shall, for the purpose of paragraph 66.7(4)(a), be deemed not to be in respect of the cumulative Canadian development expense of the original owner determined immediately after the disposition; d) in determining the cumulative Canadian oil and gas property expense of the original owner at any time after the time referred to in subparagraph 66.7(5)(a)(i), there shall be deducted the amount thereof determined immediately after the disposition; d.1) for the purpose of paragraph 66.7(5)(a), the cumulative Canadian oil and gas property expense of the original owner determined immediately after the disposition that was deducted under subsection 66.4(2) in computing the original owner's income for the year shall be deemed to be equal to the lesser of (i) the amount deducted under paragraph 66.7(12)(d) in respect of the disposition, and (ii) the amount, if any, by which (B) the total of all amounts determined under this paragraph in respect of any dispositions made by the original owner before the disposition and in the year. (B) the total of all amounts determined under this paragraph in respect of any dispositions made by the original owner before the disposition and in the year; (d.2) for greater certainty, any amount (other than the amount determined under paragraph 66.7(12)(d.1)) that was deducted under subsection 66.4(2) by the original owner for the year or a subsequent taxation year shall, for the purpose of paragraph 66.7(5)(a), be deemed not to be in respect of the cumulative Canadian oil and gas property expense of the original owner determined immediately after the disposition; and (e) the drilling and exploration expenses, including all general geological and geophysical expenses, incurred by the original owner before 1972 on or in respect of exploring or drilling for petroleum or natural gas in Canada and the prospecting, exploration and development expenses incurred by the original owner before 1972 in searching for minerals in Canada shall, for the purposes of section 29 of the Income Tax Application Rules, be deemed after the disposition not to have been incurred by the original owner except for the purposes of making a deduction under that section for the year and of determining the amount that may be deducted under subsection 29(25) of that Act by the particular corporation or any other corporation that subsequently acquires any of the properties. Specified amount (12.1) Where in a taxation year an original owner of Canadian resource properties disposes of all or substantially all of the original owner’s Canadian resource properties in circumstances in which subsection 66.7(3), 66.7(4) or 66.7(5) applies, (i) the total of all amounts each of which is the amount, if any, by which (A) an amount deducted under paragraph 66.7(12)(b) in respect of a disposition in the year by the original owner (B) the amount, if any, designated by the original owner in prescribed form filed with the Minister within 6 months after the end of the year in respect of an amount determined under clause 66.7(12.1)(a)(ii)(A), and (A) the amount claimed under subsection 66.1(2) or 66.1(3) by the original owner for the year, and (B) the amount that would, but for paragraph 66.1(1)(c), be determined under subsection 66.1(1) in respect of the original owner for the year is the specified amount in respect of the original owner for the year for the purposes of clause 66.7(12)(b.1)(ii)(A) and of determining the value of E.1 in the definition cumulative Canadian exploration expense in subsection 66.1(6); (i) the total of all amounts each of which is the amount, if any, by which (A) an amount deducted under paragraph 66.7(12)(c) in respect of a disposition in the year by the original owner (B) the amount, if any, designated by the original owner in prescribed form filed with the Minister within 6 months after the end of the year in respect of an amount determined under clause 66.7(12.1)(b)(i)(A), and (A) the amount claimed under subsection 66.2(2) by the original owner for the year, and (B) the amount that would, but for paragraph 66.2(1)(d), be determined under subsection 66.2(1) in respect of the original owner for the year is the specified amount in respect of the original owner for the year for the purposes of clause 66.7(12)(c.1)(ii)(A) and of determining the value of D.1 in the definition cumulative Canadian development expense in subsection 66.2(5); and (c) the lesser of (i) the total of all amounts each of which is the amount, if any, by which (A) an amount deducted under paragraph 66.7(12)(d) in respect of a disposition in the year by the original owner (B) the amount, if any, designated by the original owner in prescribed form filed with the Minister within 6 months after the end of the year in respect of an amount determined under clause 66.7(12.1)(b)(i)(A), and (ii) the total of the amounts (B) the amount that would, but for paragraph 66.2(1)(d), be determined under subsection 66.2(1). SUBDIVISION E Deductions in Computing Income (B) the amount, if any, designated by the original owner in prescribed form filed with the Minister within 6 months after the end of the year in respect of an amount determined under clause 66.7(12.1)(c)(ii)(A), and (A) the amount claimed under subsection 66.4(2) by the original owner for the year, and (B) the amount that would, but for paragraph 66.4(1)(c), be determined under subsection 66.4(1) in respect of the original owner for the year is the specified amount in respect of the original owner for the year for the purposes of clause 66.7(12.1)(j)(ii)(A) and of determining the value of D.1 in the definition cumulative Canadian oil and gas property expense in subsection 66.4(5). Reduction of foreign resource expenses
Pour l’application du présent article, si un contribuable est tenu de produire une déclaration de renseignements pour une année civile en vertu du paragraphe (6), le contribuable est réputé avoir produit la déclaration de renseignements si, à la fois : a) la déclaration de renseignements produite conformément au paragraphe (6) est produite pour l’année civile par un autre contribuable (appelé « déclarant désigné » au présent paragraphe relativement au contribuable pour l’année) qui est une entité admissible du groupe relativement au contribuable à la fin de l’année d’imposition du contribuable se terminant dans l’année civile; b) le contribuable fait le choix conjoint, avec chaque autre cessionnaire visé à l’alinéa (6)b), de désigner en vertu du présent alinéa le déclarant désigné comme déclarant désigné relativement au contribuable et à chaque autre cessionnaire pour l’année civile. Cotisation
Where after June 5, 1987 an original owner of foreign resource properties disposes of all or substantially all of the original owner’s foreign resource properties to a particular corporation in circumstances to which subsection 66.7(2) applies, the foreign exploration and development expenses incurred by the original owner before that owner so disposed of the properties shall be deemed after the disposition not to have been incurred by the original owner except for the purposes of determining the amounts that may be deducted under that subsection by the particular corporation or any other corporation that subsequently acquires any of the properties. Reduction of foreign resource expenses (13.1) Where in a taxation year an original owner of foreign resource properties in respect of a country disposes of all or substantially all of the original owner’s foreign resource properties in circumstances to which subsection (2.3) applies, (a) in determining the cumulative foreign resource expense of the original owner in respect of the country at any time after the time referred to in subparagraph (2.3)(a)(i), there shall be deducted from that cumulative foreign resource expense determined immediately after the disposition; and (b) for the purpose of paragraph (2.3)(a), the cumulative foreign resource expense of the original owner in respect of the country determined immediately after the disposition that was deducted under subsection 66.21(4) in computing the original owner’s income for the year is deemed to be equal to the lesser of (i) the amount deducted under paragraph (a) in respect of the disposition, and (ii) the amount, if any, by which (B) the total of all amounts determined under this paragraph in respect of another disposition of foreign resource property in respect of the country made by the original owner before the disposition and in the year. Specified amount — foreign resource expenses (13.2) Where in a taxation year an original owner of foreign resource properties in respect of a country disposes of all or substantially all of the original owner’s foreign resource properties in circumstances to which subsection (2.3) applies, the specified amount in respect of the country and the original owner for the year for the purposes of clause (13.1)(b)(ii)(A) and of determining the value of D in the definition cumulative foreign resource expense in subsection 66.21(1) is the lesser of (a) the total of all amounts each of which is the amount, if any, by which (i) an amount deducted under paragraph (13.1)(a) in respect of a disposition in the year by the original owner of foreign resource property in respect of the country (ii) the amount, if any, designated by the original owner in the prescribed form filed with the Minister within six months after the end of the year in respect of an amount described under subparagraph (i), and (i) the amount claimed under subsection 66.21(4) by the original owner in respect of the country for the year, and (ii) the amount that would, but for paragraph 66.21(3)(c), be determined under subsection 66.21(3) in respect of the country and the original owner for the year.
En cas de choix ou de choix modifié fait en vertu du paragraphe (4), le ministre, malgré les paragraphes 152(4) et (5), établit les cotisations ou nouvelles cotisations concernant l’impôt, les intérêts et les pénalités Income Tax PART I Income Tax DIVISION B Computation of Income
Where in a taxation year a predecessor owner of Canadian resource properties disposes of Canadian resource properties to a corporation in circumstances in which subsection 29(25) of the Income Tax Application Rules or subsection 66.7(1), 66.7(3), 66.7(4) or 66.7(5) applies, (a) for the purposes of applying any of those subsections to the predecessor owner in respect of its acquisition of any Canadian resource property owned by it immediately before the disposition, it shall be deemed, after the disposition, never to have acquired any such properties except for the purposes of (ii) where the predecessor owner and the corporation dealt with each other at arm’s length at the time of the disposition or the disposition was by way of an amalgamation or merger, determining an amount deductible under subsection 66.7(4) or 66.7(5) for the year, and (iii) determining the amount for F in the definition cumulative Canadian development expense in subsection 66.2(5), the amounts for paragraphs 66.7(14)(a) and 66.7(14)(b) in the description of L in that definition and the amount for F in the definition cumulative Canadian oil and gas property expense in subsection 66.4(5); and (b) where the corporation or another corporation acquires any of the properties on or after the disposition in circumstances in which subsection 66.7(4) or 66.7(5) applies, any amounts that become receivable by the predecessor owner after the disposition in respect of Canadian resource properties retained by it at the time of the disposition shall, for the purposes of applying subsection 66.7(4) or 66.7(5) to the corporation or the other corporation in respect of the acquisition, be deemed not to have become receivable by the predecessor owner. SUBDIVISION E Deductions in Computing Income
Benefits conferred Impôt sur le revenu
Where after June 5, 1987 a predecessor owner of foreign resource properties disposes of all or substantially all of its foreign resource properties to a corporation in circumstances in which subsection 66.7(2) applies, for the purpose of applying that subsection to the predecessor owner in respect of its acquisition of any of those properties (or other foreign resource properties retained by it at the time of the disposition which were acquired by it in circumstances in which subsection 66.7(2) applied), it shall be deemed, after the disposition, never to have acquired the properties. (15.1) Where in a taxation year a predecessor owner of foreign resource properties disposes of foreign resource properties to a corporation in circumstances to which subsection (2.3) applies, (a) for the purpose of applying that subsection to the predecessor owner in respect of its acquisition of any foreign resource properties owned by it immediately before the disposition, it is deemed, after the disposition, never to have acquired such properties except for the purposes of (i) where the predecessor owner and the corporation deal with each other at arm’s length at the time of the disposition or the disposition was by way of an amalgamation or merger, determining an amount deductible under subsection (2.3) for the year, and (ii) determining the value of F in the definition cumulative foreign resource expense in subsection 66.2(1); and (b) where the corporation or another corporation acquires any of the properties on or after the disposition in circumstances to which subsection (2.3) applies, amounts that became receivable by the predecessor owner after the disposition in respect of foreign resource properties retained by it at the time of the disposition are, for the purposes of applying subsection (2.3) to the corporation or the other corporation in respect of the acquisition, deemed not to have become receivable by the predecessor owner. Non-successor acquisitions
If at any time a Canadian resource property or a foreign resource property is acquired by a person in circumstances in which none of subsections (1) to (5), nor subsection 29(25) of the Income Tax Application Rules, apply, every person who was an original owner or predecessor owner of the property before that time is, for the purpose of applying those subsections to or in respect of the person or any other person who after that time acquires the property, deemed after that time not to be an original owner or predecessor owner of the property before that time. Restriction on deductions
Where in a particular taxation year and before June 6, 1987 a person disposed of a Canadian resource property or a foreign resource property in circumstances in which any of subsection 29(25) of the Income Tax Application Rules and subsections 66.7(1) to 66.7(5) applies, no deduction in respect of an expense incurred before the property was disposed of may be made under this section or section 66, 66.1, 66.2 or 66.4 by the person in computing the person’s income for a taxation year subsequent to the particular taxation year.
The definitions in subsection 66(15) and sections 66.1 to 66.4 apply in this section. Resource expenses of limited partner
payables en application de la présente loi par tout contribuable pour toute année d’imposition pertinente afin de rendre applicable le choix ou le choix modifié. Anti-évitement — statut du groupe
(a) determine the amount, if any, by which (i) the total of all amounts each of which is the taxpayer’s share of (A) the Canadian oil and gas property expenses (in this subsection referred to as “property expenses”), (B) the Canadian development expenses (in this subsection referred to as “development expenses”), (C) the Canadian exploration expenses (in this subsection referred to as “exploration expenses”), (D) the foreign resource expenses in respect of a country (in this subsection referred to as “country-specific foreign expenses”), or (E) the foreign exploration and development expenses (in this subsection referred to as "global foreign expenses"), incurred by the partnership in the fiscal period determined without reference to this subsection (ii) the amount, if any, by which (A) the taxpayer's at-risk amount at the end of the fiscal period in respect of the partnership (I) the total of all amounts required by subsections 127(8), 127.44(11), 127.45(8), 127.48(12) and 127.49(8) in respect of the partnership to be added in computing the investment tax credit, the CCUS tax credit (as defined in subsection 127.44(1)), the clean technology investment tax credit (as defined in subsection 127.45(1)), the clean hydrogen tax credit (as defined in subsection 127.48(1)) or the CTM investment tax credit (as defined in subsection 127.49(1)) of the taxpayer in respect of the fiscal period, and (II) the taxpayer's share of any losses of the partnership for the fiscal period from a farming business; (i) first to reduce the taxpayer's share of property expenses, (ii) if any remains unapplied, then to reduce the taxpayer's share of development expenses, (iii) if any remains unapplied, then to reduce the taxpayer's share of exploration expenses, (iv) if any remains unapplied, then to reduce (in the order specified by the taxpayer in writing filed with the Minister on or before the taxpayer's filing-due date for the taxpayer's taxation year in which the fiscal period ends or, where no such specification is made, in the order determined by the Minister) the taxpayer's share of country-specific foreign expenses, and (v) if any remains unapplied, then to reduce the taxpayer's share of global foreign expenses; (c) for the purposes of subparagraph 53(2)(c)(ii), sections 66 and 66.7, paragraph 96(2.1)(c) and section 111, the portion of each category of expenses referred to in subparagraph (b)(i) to (v) that the partnership SUBDIVISION E Deductions in Computing Income (v) if any remains unapplied, then to reduce the taxpayer’s share of global foreign expenses; and incurred by the partnership in the fiscal period; and (c) for the purposes of subparagraph 53(2)(c)(ii), sections 66 to 66.7, subsection 96(2.1) and section 111, the taxpayer’s share of each class of expenses described in subparagraph 66.8(1)(a)(i) incurred by the partnership in the fiscal period shall be deemed to be the amount by which the taxpayer’s share of that class of expenses as determined under subparagraph 66.8(1)(a)(i) exceeds the amount, if any, that was applied under paragraph 66.8(1)(b) to reduce the taxpayer’s share of that class of expenses. Expenses in following fiscal period
Si, à un moment donné, un contribuable donné est ou devient une entité admissible du groupe, relativement à un autre contribuable, une entité du groupe d’institutions financières ou une société de portefeuille financière, ou cesse de l’être, et il est raisonnable de considérer, compte tenu de toutes les circonstances, que l’un des principaux objets que poursuit le contribuable donné est ou devient ainsi une entité admissible du groupe, relativement à un autre contribuable, une entité du groupe d’institutions financières ou une société de portefeuille financière, est de permettre à un contribuable d’obtenir un avantage fiscal (au sens du paragraphe 245(1)), le contribuable donné est réputé ne pas être, ne pas être devenu, ou ne pas demeurer, selon le cas, une entité admissible du groupe relativement à l’autre contribuable, une entité du groupe d’institutions financières ou une société de portefeuille financière, selon le cas, à ce moment. Avantages conférés
For the purposes of subparagraph 66.8(1)(a)(i), the amount by which a taxpayer’s share of a class of expenses incurred by a partnership is reduced under paragraph 66.8(1)(b) in respect of a fiscal period of the partnership shall be added to the taxpayer’s share, otherwise determined, of that class of expenses incurred by the partnership in the immediately following fiscal period of the partnership.
Pour l’application de la présente partie, si un cédant et un cessionnaire produisent un choix (y compris un choix modifié) en vertu du paragraphe (4), aucun avantage n’est considéré comme ayant été conféré au cessionnaire du fait qu’il a produit le choix. Contrepartie du choix
In this section, (a) the expression limited partner of a partnership has the meaning that would be assigned by subsection 96(2.4) if in subsection 96(2.5) each reference to (i) “February 25, 1986” were a reference to “June 17, 1987,” (ii) “February 26, 1986” were a reference to “June 18, 1987,” (iii) “January 1, 1987” were a reference to “January 1, 1988,” (iv) “June 12, 1986” were a reference to “June 18, 1987,” and (v) “prospectus, preliminary prospectus or registration statement” were a reference to “prospectus, preliminary prospectus, registration statement, offering memorandum or notice that is required to be filed before any distribution of securities may commence”; (a.1) the expression at-risk amount of a taxpayer in respect of a partnership has the meaning that would be assigned by subsection 96(2.2) if paragraph 96(2.2)(c) read as follows: (c) all amounts each of which is an amount owing at that time to the partnership, or to a person or partnership not dealing at arm’s length with the partnership, by the taxpayer or by a person or partnership not dealing at arm’s length with the taxpayer, other than any amount deducted under subparagraph 53(2)(c)(i.3) in computing the adjusted cost base, or under section 143.2 in computing the cost, to the taxpayer of the taxpayer’s partnership interest at that time, or any amount owing by the taxpayer to a person in respect of which the taxpayer is a subsidiary wholly-owned corporation or where the taxpayer is a trust, to a person that is the sole beneficiary of the taxpayer; and (b) a reference to a taxpayer who is a member of a particular partnership shall include a reference to another partnership that is a member of the particular partnership; and (c) a taxpayer’s share of Canadian development expenses or Canadian oil and gas property expenses incurred by a partnership in a fiscal period in respect of which the taxpayer has elected in the manner and under paragraph (f) of the definition Canadian development expense in subsection 66.2(5) or paragraph (b) of the definition Canadian oil and gas property expense in subsection 66.4(5), as the case may be, shall be deemed to be nil. General limitation re expenses
Pour l’application de la présente partie, lorsqu’un bien est acquis à un moment donné par un cédant en contrepartie de la production d’un choix ou d’un choix modifié avec un cessionnaire en application du paragraphe (4) : a) si le bien appartenait au cessionnaire immédiatement avant ce moment : (i) le cessionnaire est réputé avoir disposé du bien à ce moment pour un produit égal à sa juste valeur marchande à ce moment, (ii) seuls les montants découlant de l’application du sous-alinéa (i) sont déductibles dans le calcul du revenu du cessionnaire par suite du transfert du bien; b) le coût auquel le cédant a acquis le bien à ce moment est réputé égal à sa juste valeur marchande à ce moment; Income Tax PART I Income Tax DIVISION B Computation of Income
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations:] 1970-71-72, c. 63, s. 1 “67”. Expenses for food, etc.
(A) an excluded entity, (B) a natural person, or Impôt sur le revenu
(a) the amount actually paid or payable in respect thereof, and (b) an amount in respect thereof that would be reasonable in the circumstances. Meal expenses for long-haul truck drivers (1.1) An amount paid or payable in respect of the consumption of food or beverages by a long-haul truck driver during an eligible travel period of the driver is deemed to be the amount determined by multiplying the specified percentage in respect of the amount so paid or payable by the lesser of (a) the amount so paid or payable, and (b) a reasonable amount in the circumstances.
Subsection 67.1(1) does not apply to an amount paid or payable by a person in respect of the consumption of food or beverages or the enjoyment of entertainment where the amount (a) is paid or payable for food, beverages or entertainment provided for, or in expectation of, compensation in the ordinary course of a business carried on by that person of providing the food, beverages or entertainment for compensation; (b) relates to a fund-raising event the primary purpose of which is to benefit a registered charity; (c) is an amount for which the person is compensated and the amount of the compensation is reasonable and specifically identified in writing to the person paying the compensation; (d) is required to be included in computing any taxpayer’s income because of the application of section 6 in respect of food or beverages consumed or entertainment enjoyed by the taxpayer or a person with whom the taxpayer does not deal at arm’s length, or would be so required but for subparagraph 6(6)(a)(ii); (e) is an amount that (i) is not paid or payable in respect of a conference, convention, seminar or similar event, (ii) would, but for subparagraph 6(6)(a)(i), be required to be included in computing any taxpayer’s income for a taxation year because of the application of section 6 in respect of food or beverages consumed or entertainment enjoyed by the taxpayer or a person with whom the taxpayer does not deal at arm’s length, and (iii) is paid or payable in respect of the taxpayer’s duties performed at a work site in Canada that is (A) outside any population centre, as defined by the last Census Dictionary published by Statistics Canada before the year, that has a population of at least 40,000 individuals as determined in the last census published by Statistics Canada before the year, and (B) at least 30 kilometres from the nearest point on the boundary of the nearest such population centre; (e.1) is an amount that (i) is not paid or payable in respect of entertainment or of a conference, convention, seminar or similar event, (ii) would, if this Act were read without reference to subparagraph 6(6)(a)(i), be required to be included in computing a taxpayer’s income for a taxation year because of the application of section 6 in respect of food or beverages consumed by the taxpayer or by a person with whom the taxpayer does not deal at arm’s length, (iii) is paid or payable in respect of the taxpayer’s duties performed at a site in Canada at which the person carries on a construction activity or at a construction work camp referred to in subparagraph (iv) in respect of the site, and (iv) is paid or payable for food or beverages provided at a construction work camp, at which the taxpayer is lodged, that was constructed or installed at or near the site to provide board and lodging to employees while they are engaged in construction services at the site; or (f) is in respect of one of six or fewer special events held in a calendar year at which the food, beverages or entertainment is generally available to all individuals employed by the person at a particular place of business of the person and consumed or enjoyed by those individuals. Fees for convention, etc.
For the purposes of this section, where a fee paid or payable for a conference, convention, seminar or similar event entitles the participant to food, beverages or entertainment (other than incidental beverages and refreshments made available during the course of meetings or receptions at the event) and a reasonable part of the fee, determined on the basis of the cost of providing the food, beverages and entertainment, is not identified in the account for the fee as compensation for the food, beverages and entertainment, $50 or such other amount as may be prescribed shall be deemed to be the actual amount paid or payable in respect of food, beverages and entertainment for each day of the event on which food, beverages or entertainment is provided and, for the purposes of this Act, the fee for the event shall be deemed to be the actual amount of the fee minus the amount deemed by this section to be the actual amount paid or payable for the food, beverages and entertainment.
For the purposes of this section, (a) no amount paid or payable for travel on an airplane, train or bus shall be considered to be in respect of food, beverages or entertainment consumed or enjoyed while travelling thereon; and (b) entertainment includes amusement and recreation.
c) le cédant n’est pas tenu d’ajouter un montant dans le calcul de son revenu du seul fait qu’il a acquis le bien à ce moment. Sociétés de personnes
The following definitions apply for the purpose of this section. eligible travel period in respect of a long-haul truck driver is a period during which the driver is away from the municipality or metropolitan area where the specified place in respect of the driver is located for a period of at least 24 continuous hours for the purpose of driving a long-haul truck that transports goods to, or from, a location that is beyond a radius of 160 kilometres from the specified place. (période de déplacement admissible) long-haul truck means a truck or a tractor that is designed for hauling freight and that has a gross vehicle weight rating (as that term is defined in subsection 2(1) of the Motor Vehicle Safety Regulations) that exceeds 11 788 kilograms. (grand routier) specified percentage in respect of an amount paid or payable is (a) 60 per cent, if the amount is paid or becomes payable on or after March 19, 2007 and before 2008; (b) 65 per cent, if the amount is paid or becomes payable in 2008; (c) 70 per cent, if the amount is paid or becomes payable in 2009; (d) 75 per cent, if the amount is paid or becomes payable in 2010; and (e) 80 per cent, if the amount is paid or becomes payable after 2010. (pourcentage déterminé) specified place means, in the case of an employee, the employer’s establishment to which the employee ordinarily reports to work is located and, in the case of an individual whose principal business is to drive a long-haul truck to transport goods, the place where the individual resides. (endroit déterminé) Interest on money borrowed for certain vehicles
Pour l’application du présent article : a) toute personne ou société de personnes qui est (ou est réputée être) en vertu du présent alinéa un associé d’une société de personnes dont un autre associé d’une autre société de personnes est réputée être un associé de cette dernière; b) la part d’une personne sur le revenu ou la perte d’une société de personnes comprend la part directe ou indirecte de la personne par l’intermédiaire d’une ou de plusieurs sociétés de personnes, de ce revenu ou cette perte. Anti-évitement — revenus et dépenses d’intérêts et de financement
A is $250 or such other amount as may be prescribed; and B is the number of days in the period in respect of which the interest was paid or payable, as the case may be. Limitation re cost of leasing passenger vehicle
Une somme donnée qui serait, compte non tenu du présent paragraphe, incluse dans l’élément A de la définition de revenus d’intérêts et de financement ou dans l’élément B de la définition de dépenses d’intérêts et de financement dans le calcul du revenu ou de la perte d’un contribuable pour une année d’imposition, ne doit être incluse si, selon le cas : a) une somme relative à la somme donnée est déductible dans le calcul du revenu étranger accumulé, tiré de biens d’une société qui est une société étrangère affiliée, autre qu’une société étrangère affiliée contrôlée, du contribuable ou d’une personne ou société de personnes ayant un lien de dépendance avec le contribuable; b) la somme donnée est reçue ou à recevoir, directement ou indirectement et en tout ou en partie, par le contribuable ou par une société de personnes dont le contribuable est associé : (i) soit d’une personne ayant un lien de dépendance avec le contribuable et qui est, selon le cas : (A) une entité exclue, (B) une personne physique, (C) si le contribuable n’est pas une entité du groupe d’institutions financières ou une société de portefeuille financière, une entité du groupe d’institutions financières ou une société de portefeuille financière; (ii) soit d’une société de personnes dont une personne visée au sous-alinéa (i) est un associé; c) un des principaux objets d’une opération ou série d’opérations est d’inclure la somme donnée Anti-avoidance — excluded entity (ii) soit d’une société de personnes dont une personne visée au sous-alinéa (i) est un associé; c) l’un des principaux objets d’une opération ou d’une série d’opérations consiste à inclure la somme donnée dans l’élément A de la formule figurant à la définition de revenus d’intérêts et de financement ou dans l’élément B de la formule figurant à la définition de dépenses d’intérêts et de financement dans le calcul du revenu ou de la perte du contribuable pour une année d’imposition, et selon le cas : (i) l’opération ou la série donne lieu à une somme qui, à la fois : (A) n’est pas incluse dans l’élément B de la formule figurant à la définition de revenus d’intérêts et de financement ou de l’élément A de la formule figurant à la définition de dépenses d’intérêts et de financement dans le calcul du revenu ou de la perte du contribuable ou d’une personne ou société de personnes ayant un lien de dépendance avec le contribuable, (B) est déductible dans le calcul du revenu ou de la perte pour une année d’imposition du contribuable ou d’une personne ou société de personnes ayant un lien de dépendance avec le contribuable, (ii) il est raisonnable de considérer que, en l’absence de l’opération ou de la série, la somme donnée ou une somme à laquelle la somme donnée est substituée, à la fois : (A) aurait été incluse dans le calcul du revenu ou de la perte pour une année d’imposition (à l’exclusion d’un dividende) du contribuable ou d’une personne ou société de personnes ayant un lien de dépendance avec le contribuable, (B) n’aurait pas été incluse dans l’élément A de la formule figurant à la définition de revenus d’intérêts et de financement ou dans l’élément B de la formule figurant à la définition de dépenses d’intérêts et de financement dans le calcul du revenu ou de la perte du contribuable ou d’une personne ayant avec lui un lien de dépendance. Anti-évitement — entité exclue
(a) in a taxation year all or part of the actual lease charges in respect of a passenger vehicle are paid or payable, directly or indirectly, by a taxpayer, and (b) in computing the taxpayer’s income for the year an amount may be deducted in respect of those charges, in determining the amount that may be so deducted, the total of those charges shall be deemed not to exceed the lesser of (c) the amount determined by the formula A is $600 or such other amount as is prescribed, B is the number of days in the period commencing at the beginning of the term of the lease and ending at the earlier of the end of the year and the end of the lease, C is the total of all amounts deducted in computing the taxpayer’s income for preceding taxation years in respect of the actual lease charges in respect of the vehicle, D is the amount of interest that would be earned on the part of the total of all refundable amounts in respect of the lease that exceeds $1,000 if interest were (i) payable on the refundable amounts at the prescribed rate, and (ii) computed for the period before the end of the year during which the refundable amounts were outstanding, and E is the total of all reimbursements that became receivable before the end of the year by the taxpayer in respect of the lease, and A is the total of the actual lease charges in respect of the lease incurred in respect of the year or the total of the actual lease charges in respect of the lease paid in the year (depending on the method regularly followed by the taxpayer in computing income), B is $20,000 or such other amount as is prescribed, C is the greater of $23,529 (or such other amount as is prescribed) and the manufacturer’s list price for the vehicle, D is the amount of interest that would be earned on the part, exceeding $1,000, of the total of all refundable amounts (i) payable on the refundable amounts at the prescribed rate, and (ii) computed for the period before the end of the year during which the refundable amounts were outstanding, and E is the total of all reimbursements that became receivable before the end of the year by the taxpayer in respect of the lease. is the amount of interest that would be earned on that part of the total of all refundable amounts paid in respect of the lease that exceeds $1,000 if interest were (i) payable on the refundable amounts at the prescribed rate, and (ii) computed for the period in the year during which the refundable amounts are outstanding, and is the total of all reimbursements that became receivable during the year by the taxpayer in respect of the lease. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] More than one owner or lessee
Pour l’application du sous-alinéa c)(iv) de la définition de entité exclue, une personne ou une société de personnes est réputée être indifférente relativement à l’impôt et avoir un lien de dépendance avec le contribuable ou toute entité admissible du groupe à l’égard du Income Tax PART I Income Tax DIVISION B Computation of Income
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] More than one owner
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] Non-deductibility of illegal payments
For the purposes of paragraph (a) of the definition eligible group entity in subsection (1) Impôt sur le revenu
Reassessments
Notwithstanding subsections 152(4) to (5), the Minister may make such assessments, reassessments and additional assessments of tax, interest and penalties and such determinations and redeterminations as are necessary to give effect to subsection (1) for any taxation year. Non-deductibility of fines and penalties
non-compliant amount, for a taxation year, means the amount determined by the formula A is the total of all amounts that would, if subsection (2) did not apply, be deductible in computing income in the taxation year in respect of the use of a residential property as a short-term rental in the taxation year; B is the number of days in the taxation year that the residential property was a non-compliant short-term rental; and C is the number of days in the taxation year that the residential property was a short-term rental. (montant non conforme) non-compliant short-term rental means, at any time, a short-term rental that is located in a province or municipality that, at that time, (a) does not permit the operation of the short-term rental at the location of the short-term rental; or (b) requires registration, a licence or a permit to operate the short-term rental, and the short-term rental does not comply with all applicable registration, licensing and permit requirements. (location à court terme non conforme) short-term rental means a residential property that is rented for a period of less than 30 consecutive days. (location à court terme) residential property means a house, a cottage, an apartment, a condominium unit, a chalet, a duplex, a mobile home, a floating home or any similar property situated in Canada, the use of which is authorized as a residence by the laws applicable. (bien résidentiel) Current to January 22, 2025 Last amended on January 1, 2025 residential property means all or any part of a house, apartment, condominium unit, cottage, mobile home, trailer, houseboat or other property, located in Canada, the use of which is permitted for residential purposes under applicable law. (bien résidentiel) short-term rental means a residential property that is rented or offered for rent for a period of less than 90 consecutive days. (location à court terme) Non-deductibility of expenses — short-term rental
contribuable tout au long d’une année d’imposition de celui-ci, si, à la fois : a) toute partie des dépenses d’intérêts et de financement du contribuable pour l’année est payée ou payable par le contribuable ou par toute entité admissible du groupe à l’égard du contribuable à la personne ou la société de personnes dans le cadre d’une opération ou d’une série d’opérations; b) il est raisonnable de considérer que l’un des principaux objets de l’opération ou de la série est d’éviter que cette partie des dépenses d’intérêts et de financement soit payée ou payable à une personne ou une société de personnes indifférente relativement à l’impôt et qui a un lien de dépendance avec le contribuable ou toute entité admissible du groupe à l’égard du contribuable. Entités admissibles du groupe réputées
Notwithstanding any other provision of this Act, no amount is deductible in computing income in respect of a short-term rental for a taxation year, to the extent the amount is a non-compliant amount for the taxation year.
Lorsque deux contribuables sont des entités admissibles du groupe à l’égard d’un troisième contribuable, ils sont réputés être des entités admissibles du groupe les uns à l’égard des autres. Entités admissibles du groupe — liées
For the purposes of subsection (1), a short-term rental of a person or partnership is deemed not to be a non-compliant short-term rental for the 2024 taxation year of the person or partnership if (a) the short-term rental is located in a province or municipality that requires registration, a licence or a permit to operate as a short-term rental; and (b) the short-term rental complies with all applicable registration, licensing and permit requirements by December 31, 2024. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2024, c. 17, s. 16. Reassessments
Pour l’application de l’alinéa a) de la définition de entité admissible du groupe au paragraphe (1) : a) malgré le paragraphe 104(1), la mention d’une personne qui est une fiducie ne vaut pas mention du fiduciaire ou d’autres personnes qui ont la propriété ou le contrôle des biens de la fiducie; b) une société ou une fiducie est réputée ne pas être liée à un contribuable lorsque la société ou la fiducie serait, n’eût été le présent alinéa, liée au contribuable uniquement parce que celui-ci est contrôlé par Sa Majesté du Chef du Canada, Sa Majesté du Chef d’une province ou une entité visée aux alinéas 149(1)(c) à (d.6). Entités admissibles du groupe — affiliées
Notwithstanding subsections 152(4) to (5), the Minister may make any assessments, reassessments and additional assessments of tax, interest and penalties and any determinations and redeterminations that are necessary to give effect to subsection (2) for any taxation year. Allocation of amounts in consideration for property, services or restrictive covenants
Pour l’application de l’alinéa b) de la définition de entité admissible du groupe au paragraphe (1), une société ou une fiducie est réputée ne pas être affiliée à un contribuable lorsque cette société ou cette fiducie serait, n’eût été le présent paragraphe, affiliée au contribuable uniquement parce que, selon le cas : a) le contribuable est contrôlé par Sa Majesté du Chef du Canada Sa Majesté du Chef d’une province ou une entité visée aux alinéas 149(1)(c) à (d.6); Income Tax PART I Income Tax DIVISION B Computation of Income
(a) the part of the amount that can reasonably be regarded as being the consideration for the disposition shall be deemed to be proceeds of disposition of the particular property irrespective of the form or legal effect of the contract or agreement, and the person to whom the property was disposed of shall be deemed to have acquired it for an amount equal to that part; (b) the part of the amount that can reasonably be regarded as being consideration for the provision of particular services shall be deemed to be an amount received or receivable by the taxpayer in respect of those services irrespective of the form or legal effect of the contract or agreement, and that part shall be deemed to be an amount paid or payable to the taxpayer by the person to whom the services were rendered in respect of those services; and (c) the part of the amount that can reasonably be regarded as being consideration for the restrictive covenant is deemed to be an amount received or receivable by the taxpayer in respect of the restrictive covenant irrespective of the form or legal effect of the contract or agreement, and that part is deemed to be an amount paid or payable to the taxpayer by the person to whom the restrictive covenant was granted. Inadequate considerations
Filing requirement A + B where (C – D) × E + C where Impôt sur le revenu
(a) where a taxpayer has acquired anything from a person with whom the taxpayer was not dealing at arm’s length at an amount in excess of the fair market value thereof at the time the taxpayer so acquired it, the taxpayer shall be deemed to have acquired it at that fair market value; (b) where a taxpayer has disposed of anything (i) to a person with whom the taxpayer was not dealing at arm’s length for no proceeds or for proceeds less than the fair market value thereof at the time the taxpayer so disposed of it, (ii) to any person by way of gift, or (iii) to a trust because of a disposition of a property that does not result in a change in the beneficial ownership of the property; the taxpayer shall be deemed to have received proceeds of disposition therefor equal to that fair market value; and (c) where a taxpayer acquires a property by way of gift, bequest or inheritance or because of a disposition that does not result in a change in the beneficial ownership of the property, the taxpayer is deemed to acquire the property at its fair market value. (1.1) Where a taxpayer has acquired property that is a right or thing to which subsection 70(3) applies, the following rules apply: (a) paragraph 69(1)(c) is not applicable to that property; and (b) the taxpayer shall be deemed to have acquired the property at a cost equal to the total of (i) such part, if any, of the cost thereof to the taxpayer who has died as had not been deducted by the taxpayer in computing the taxpayer’s income for any year, and (ii) any expenditures made or incurred by the taxpayer to acquire the property. (1.2) Where, at any time, (a) a taxpayer disposed of property for proceeds of disposition (determined without reference to this subsection) equal to or greater than the fair market value at that time of the property, and (b) there existed at that time an agreement under which a person with whom the taxpayer was not dealing at arm’s length agreed to pay as rent, royalty or other payment for the use of or the right to use the property an amount less than the amount that would have been reasonable in the circumstances if the taxpayer and the person had been dealing at arm’s length at the time the agreement was entered into, the taxpayer’s proceeds of disposition of the property shall be deemed to be the greater of (c) those proceeds determined without reference to this subsection, and Shareholder appropriations
Where at any time property of a corporation has been appropriated in any manner whatever to or for the benefit of a shareholder of the corporation for no consideration or for consideration that is less than the property’s fair market value and a sale of the property at its fair market value would have increased the corporation’s income or reduced a loss of the corporation, the corporation shall be deemed to have disposed of the property and to have received proceeds of disposition therefor equal to its fair market value, at that time.
Where in a taxation year of a corporation property of the corporation has been appropriated in any manner whatever to, or for the benefit of, a shareholder, on the winding-up of the corporation, the following rules apply: (a) the corporation is deemed, for the purpose of computing its income for the year, to have disposed of the property immediately before the winding-up for proceeds equal to its fair market value at that time; (b) the shareholder shall be deemed to have acquired the property at a cost equal to its fair market value immediately before the winding-up; (c) subsections 52(1) and (2) do not apply for the purposes of determining the cost to the shareholder of the property; and
Where, at any particular time as part of a series of transactions or events, a taxpayer disposes of property for proceeds of disposition that are less than its fair market value and it can reasonably be considered that one of the main purposes of the series is (i) any deduction (other than a deduction under subsection 110.6(2.1) in respect of a capital gain from a disposition of a share acquired by the taxpayer in an acquisition to which subsection 85(3) or 98(3) applied) in computing income, taxable income, taxable income earned in Canada or tax payable under this Act, or (ii) any balance of undeducted outlays, expenses or other amounts available to a person (other than a person that would be affiliated with the taxpayer immediately before the series began, if section 251.1 were read without reference to the definition controlled in subsection 251.1(3)) in respect of a subsequent disposition of the property or property substituted for the property, or (b) to obtain the benefit of an exemption available to any person from tax payable under this Act on any income arising on a subsequent disposition of the property or property substituted for the property, notwithstanding any other provision of this Act, where the subsequent disposition occurs, or arrangements for the subsequent disposition are made, before the day that is one year after the day on which the taxpayer is deemed to have disposed of the property at the particular time for proceeds of disposition equal to its fair market value at the particular time. Reassessments
b) si la société ou la fiducie est un organisme de bienfaisance enregistré ou une organisation à but non lucratif avec laquelle le contribuable n’a aucun lien de dépendance, la société ou fiducie est un bénéficiaire détenant une participation majoritaire (au sens du paragraphe 251.1(3)) du contribuable. Exigence relative à la production de déclarations de revenus
Notwithstanding subsections 152(4) to 152(5), the Minister may at any time make any assessments or reassessments of the tax, interest and penalties payable by the taxpayer that are necessary to give effect to subsection 69(11).
Chaque contribuable est tenu de produire, avec sa déclaration de revenu pour l’année d’imposition, un formulaire prescrit contenant les renseignements prescrits pour déterminer la déductibilité de ses dépenses d’intérêts et de financement et des dépenses d’intérêts et de financement exonérées. Intérêts pertinents entre sociétés affiliées
Where there is an amalgamation or merger of a corporation with one or more other corporations to form one corporate entity (in this subsection referred to as the “new corporation”), each property of the corporation that becomes property of the new corporation as a result of the amalgamation or merger is deemed, for the purpose of determining whether subsection 69(11) applies to the amalgamation or merger, to have been disposed of by the corporation immediately before the amalgamation or merger for proceeds equal to (a) in the case of a Canadian resource property or a foreign resource property, nil; and (b) the cost amount of the property to the corporation immediately before the amalgamation or merger, in any other case. (b) in the case of any other property, the cost amount to the corporation of the property immediately before the amalgamation or merger.
Si un montant est payé ou payable par une société étrangère affiliée contrôlée (appelée « société affiliée payeuse » au présent paragraphe) d’un contribuable et est reçu ou à recevoir par une société étrangère affiliée contrôlée (appelée « société affiliée bénéficiaire » au présent paragraphe) d’un contribuable, ou un contribuable qui est une entité de groupe admissible à l’égard du contribuable, et que le montant constitue des intérêts pertinents entre sociétés affiliées de la société affiliée payeuse pour une année d’imposition de la société affiliée payeuse (appelée « année de la société affiliée payeuse » au présent paragraphe) et de la société affiliée bénéficiaire pour une année d’imposition de la société affiliée bénéficiaire (appelée « année de la société affiliée bénéficiaire » au présent paragraphe) : a) le montant inclus, relativement aux intérêts pertinents entre sociétés affiliées, dans les dépenses d’intérêts et de financement de la société affiliée pertinentes de la société affiliée payeuse pour l’année de la société affiliée payeuse est le moins élevé des montants suivants : (i) les intérêts pertinents entre sociétés affiliées, (ii) le montant obtenu par la formule suivante : A + B où : A représente le montant obtenu par la formule suivante : (C – D) × E + C où : C représente le total de tous les montants dont chacun représenterait — si les intérêts pertinents entre sociétés affiliées n’étaient pas payés ou n’étaient pas payables — and (F – G) × H + I where J × K + L where [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2007, c. 35, s. 12; 2009, c. 2, s. 6; 2024, c. 15, s. 7; 2024, c. 17, s. 80. (a) Canada; (b) Australia; (d) member states of the European Union; (f) Hong Kong (China); (g) Japan; (h) Mexico; (i) New Zealand; (j) the People’s Republic of China; (k) the Republic of India; (l) the Republic of Korea; (m) Singapore; b) le montant inclus, relativement aux intérêts pertinents entre sociétés affiliées, dans les revenus d’intérêts et de financement de la société affiliée pertinents de la société affiliée bénéficiaire pour l’année de la société affiliée bénéficiaire est le moindre des montants suivants : (i) la somme visée à l’élément E, (ii) la somme déterminée par la formule suivante : J × K + L où : J représente la valeur de l’élément B, K la valeur de l’élément C, L la valeur de l’élément D. [NOTE : Les dispositions ci-après ne sont pas incluses dans la présente codification : voir loi les lois et règlements modificatifs appropriés.] (p) the United States. (principes comptables acceptables) equity-accounted entity means an entity the net income or loss of which is included in the consolidated financial statements of a consolidated group under the equity method of accounting. (entité comptabilisée à la valeur de consolidation) (a) a share of the capital stock of a corporation; (d) any similar interest in respect of any entity. (participation au capital) c) d’une perte sur la disposition d’un élément d’actif visé à l’alinéa a), d) si un choix est fait en vertu du paragraphe (4) et que le montant de la juste valeur net pour la période est négatif, de la valeur absolue du montant de la juste valeur net, e) de frais, de dépenses, de déduction ou de perte qui est semblable à l’un de ces éléments visés aux alinéas a) à d), G le total des montants visés aux éléments D ou F qui sont inclus dans le calcul du revenu net ou de la perte nette d’une entité comptabilisée à la valeur de consolidation, jusqu’à concurrence de la part du groupe consolidé dans ce revenu net ou cette perte nette; B la somme obtenue par la formule suivante : H + I + J + K + L + M + N où : H représente le montant éventuel de la perte nette déclarée dans ces états, I le montant éventuel de l’impôt recouvrable déclaré dans ces états, J les revenus d’intérêts déterminés du groupe pour la période, K si un choix est fait en vertu du paragraphe (4) et que le montant de la juste valeur net pour la période est positif, le montant de la juste valeur net, L le total des montants qui entrent dans le calcul des montants déclarés dans ces états représentant chacun le montant d’un gain sur la disposition d’un élément d’actif visé à l’alinéa a) de l’élément F, dans la mesure où le produit des ventes de l’actif visé inclut l’élément d’actif, M le total des montants visés aux éléments I, K et L qui est pris en compte dans la détermination du revenu net ou de la perte nette d’une entité comptabilisée à la valeur de consolidation, jusqu’à concurrence de la part du groupe consolidé dans ce revenu net ou cette perte nette, N le total des montants représentant chacun la fraction du revenu net déclaré dans ces états qu’il est raisonnable de considérer comme ayant été gagné par un emprunt au sens de la définition de dépenses d’intérêts et de financement exonérées au paragraphe 18.2(1)) relativement à un emprunt (au sens de la définition de A - B where C + D + E + F + G where (a) a depreciation or amortization expense in respect of an asset, H + I + J + K + L + M + N where dépenses d’intérêts et de financement exonérées au paragraphe 18.2(1)) qui entraîne des dépenses d’intérêts et de financement exonérées de celui-ci. (group adjusted net book income) dépenses d’intérêts déterminées En ce qui concerne un groupe consolidé pour une période pertinente, la somme obtenue par la formule suivante : A - B où : A représente le total des montants (sauf les montants qui sont inclus dans les dépenses d’intérêts et de financement exonérées) représentant chacun : a) un montant de dépenses d’intérêts qui entre dans le calcul des montants déclarés dans les états financiers consolidés du groupe consolidé pour la période pertinente, b) un montant d’intérêts capitalisés qui entre dans le calcul des montants déclarés dans ces états, c) le montant des frais de garantie, des frais pour droit d’usage, de la commission d’arrangement ou d’autres frais semblables qui entre dans le calcul des montants déclarés dans ces états et qui n’est pas visé aux alinéas a) ou b), d) un montant visé à l’un des alinéas a) à c) qui est pris en compte dans la détermination du revenu net ou de la perte nette d’une entité comptabilisée à la valeur de consolidation, jusqu’à concurrence de la part du groupe consolidé dans ce revenu net ou cette perte nette, B le total des montants représentant chacun un montant d’un dividende pris en compte dans la détermination d’une somme visée à l’un des alinéas a) à d) de l’élément A. (specified interest expense) dépenses nettes d’intérêts du groupe En ce qui concerne un groupe consolidé pour une période pertinente, la somme obtenue par la formule suivante : A - B où : A représente la somme obtenue par la formule suivante : C - D où : C représente les dépenses d’intérêts déterminées du groupe pour la période, D les revenus d’intérêts déterminés du groupe pour la période, I J is the specified interest income of the group for the period, K L M N A – B where A C – D where C D B E – F where E représente la partie du montant de dépenses d’intérêts déterminées du groupe pour la période qui est payée ou payable au non-membre déterminé, F la partie du montant de revenus d’intérêts déterminés du groupe pour la période qui est reçue ou à recevoir du non-membre déterminé. (group net interest expense) entité comptabilisée à la valeur de consolidation Entité dont le revenu net ou la perte nette est inclus dans les états financiers consolidés d’un groupe consolidé selon la méthode de la comptabilisation à la valeur de consolidation. (equity-accounted entity) états financiers consolidés États financiers établis conformément à un principe comptable acceptable pertinent aux fins de l’application de la présente partie et dans lesquels les actifs, les passifs, les revenus, les dépenses et les flux de trésorerie des entités membres du groupe consolidé sont présentés comme étant ceux d’une seule entité économique. Il est entendu que les états financiers comprennent les notes qui leur sont afférentes. (consolidated financial statements) groupe consolidé Plusieurs entités, autre qu’une entité comptabilisée à la valeur de consolidation, mais incluant une mère ultime, (chaque entité appelée « membre du groupe consolidé » aux présentes) à l’égard desquelles des états financiers consolidés sont tenus d’être établis aux fins de présentation de l’information financière ou seraient ainsi tenus de l’être si les entités étaient assujetties aux normes internationales d’information financière. (consolidated group) mère ultime S’entend d’une entité donnée si les conditions suivantes sont réunies : a) l’entité donnée n’est pas Sa Majesté du chef du Canada, Sa Majesté du chef d’une province ou une entité visée à l’un des alinéas 149(1)c) à d.6); b) elle détient directement ou indirectement une participation dans une ou plusieurs autres entités à l’égard desquelles elle est tenue d’établir des états financiers consolidés à des fins de présentation de l’information financière, ou le serait si elle était assujettie aux normes internationales d’information financière; F is the portion of the amount of the specified interest income of the group for the period that is received or receivable from the specified non-member. (dépenses nettes d’intérêts du groupe)
For the purpose of subsection 69(11), where a taxpayer is incorporated or otherwise comes into existence at a particular time during a series of transactions or events, the taxpayer is deemed (a) to have existed at the time that was immediately before the series began; and (b) to have been affiliated at that time with every person with whom the taxpayer is affiliated (otherwise than because of a right referred to in paragraph 251(5)(b)) at the particular time.
where A − B where c) aucune entité (autre qu’une entité visée à l’alinéa a)) ne détient, directement ou indirectement, dans l’entité donnée une participation visée à l’alinéa b). (ultimate parent) montant de la juste valeur Tout montant reflété dans le revenu net ou la perte nette déclaré dans les états financiers consolidés d’un groupe consolidé pour une période pertinente où, à la fois : a) la valeur comptable d’un actif ou d’un passif du groupe consolidé est mesurée à l’aide de la méthode de la comptabilisation de la juste valeur; b) le montant reflète une variation de la valeur comptable de l’actif ou du passif au cours de la période pertinente et est compris dans les éléments C ou H de la définition de bénéfice net comptable rajusté du groupe. (fair value amount) montant de la juste valeur net Le montant positif ou négatif représentant le total des sommes dont chacune est un montant positif ou négatif de la juste valeur positif ou négatif reflété dans les états financiers consolidés d’un groupe consolidé pour une période pertinente. (net fair value amount) non-membre déterminé En ce qui concerne un groupe consolidé pour une période pertinente, une personne ou une société de personnes donnée qui n’est pas membre du groupe consolidé et qui, à un moment de la période : a) a un lien de dépendance avec un membre du groupe; b) seule ou avec d’autres personnes ou sociétés de personnes avec lesquelles la personne ou la société de personnes donnée a un lien de dépendance détient, ou a le droit d’acquérir, une ou plusieurs participations au capital dans un membre du groupe qui, selon le cas : (i) confère au moins 25 % des voix pouvant être exprimées à l’assemblée annuelle des actionnaires du membre, si ce dernier est une société, (ii) a au moins 25 % de la juste valeur marchande de l’ensemble des participations au capital dans le membre; c) est une personne ou une société de personnes à l’égard de laquelle un membre du groupe, seul ou avec d’autres personnes ou sociétés de personnes avec lesquelles il a un lien de dépendance, détient, ou a le droit d’acquérir, une ou plusieurs participations au capital dans la personne ou la société de personnes donnée qui, selon le cas : Income Tax PART I Income Tax DIVISION B Computation of Income
(a) an amount of interest, rent, royalty, annuity (other than an amount with respect to an interest in an annuity contract to which paragraph 148(2)(b) applies), remuneration from an office or employment, or other amount payable periodically, that was not paid before the taxpayer’s death, shall be deemed to have accrued in equal daily amounts in the period for or in respect of which the amount was payable, and the value of the portion thereof so deemed to have accrued to the day of death shall be included in computing the taxpayer’s income for the year in which the taxpayer died; and (b) paragraph 12(1)(t) shall be read as follows: “12(1)(t) the amount deducted under subsection 127(5) or 127(6) in computing the taxpayer’s tax payable for the year or a preceding taxation year to the extent that it was not included in computing the taxpayer’s income for a preceding taxation year under this paragraph or is not included in an amount determined under paragraph 13(7.1)(e) or 37(1)(e) or subparagraph 53(2)(c)(v) or 53(2)(h)(ii) or for I in the definition undepreciated capital cost in subsection 13(21) or L in the definition cumulative Canadian exploration expense in subsection 66.1(6);” Amounts receivable
B is the total of all amounts each of which is the amount of a dividend included in the determination of an amount referred to in any of paragraphs (a) to (d) of the description of A. (dépenses d’intérêts déterminées) A – B where B is the total of all amounts each of which is the amount of a dividend included in the determination of an amount referred to in any of paragraphs (a) to (c) of the description of A. (revenus d’intérêts déterminés) (i) confère au moins 25 % des voix pouvant être exprimées à l’assemblée annuelle des actionnaires de la personne donnée, si cette dernière est une société, (ii) à au moins 25 % de la juste valeur marchande de l’ensemble des participations au capital dans la personne ou la société de personnes donnée. (specified non-member) participation au capital S’entend, selon le cas : a) d’une action du capital-actions d’une société; b) d’une participation à titre de bénéficiaire d’une fiducie; c) d’une participation à titre d’associé d’une société de personnes; d) de tout intérêt similaire à l’égard de toute entité. (equity interest) période pertinente Période relativement à laquelle les états financiers consolidés d’un groupe consolidé sont présentés. (relevant period) principes comptables acceptables S’entend des normes internationales d’information financière et des principes comptables généralement reconnus dans les pays suivants : a) Canada; b) Australie; c) Brésil; d) pays membres de l’Union européenne; e) pays membres de l’Espace économique européen; f) Hong Kong (Chine); g) Japon; h) Mexique; i) Nouvelle-Zélande; j) République populaire de Chine; k) République de l’Inde; l) République de Corée; m) Singapour; (ii) have 25% or more of the fair market value of all equity interests in the particular person or partnership. (non-membre déterminé) ultimate parent means a particular entity if n) Suisse; o) Royaume-Uni; p) États-Unis. (acceptable accounting standards) ratio de groupe En ce qui concerne un groupe consolidé pour une période pertinente, selon le cas : a) sauf si l’alinéa b) s’applique, le pourcentage obtenu par la formule suivante : 1,1 × A ÷ B où : A représente les dépenses nettes d’intérêts du groupe relativement au groupe consolidé pour la période pertinente, B le bénéfice net comptable rajusté du groupe relativement au groupe consolidé pour la période pertinente; b) si le bénéfice net comptable rajusté du groupe relativement au groupe consolidé pour la période pertinente est zéro, zéro. (group ratio) revenus d’intérêts déterminés En ce qui concerne un groupe consolidé pour une période pertinente, la somme obtenue par la formule suivante : A - B où : A représente le total des montants représentant chacun : a) un montant de revenus d’intérêts qui entre dans le calcul des montants déclarés dans les états financiers consolidés du groupe consolidé pour la période pertinente, b) le montant des frais de garantie, des frais d’utilisation, de la commission d’arrangement ou d’autres frais semblables reçus ou à recevoir qui entre dans le calcul des montants déclarés dans ces états et qui est visé à l’alinéa a), c) un montant visé aux alinéas a) ou b) qui est pris en compte dans la détermination du revenu net ou de la perte nette d’une entité comptabilisée à la valeur de consolidation, jusqu’à concurrence de la part du groupe consolidé dans ce revenu net ou cette perte nette; B le total des montants représentant chacun le montant d’un dividende pris en compte dans la détermination d’une somme visée à l’un des alinéas a) à c) de l’élément A. (specified interest income) A × B where Montant attribué du ratio de groupe
If a taxpayer who has died had at the time of death rights or things (other than any capital property or any amount included in computing the taxpayer’s income by virtue of subsection (1)), the amount of which when realized or disposed of would have been included in computing the taxpayer’s income, the value of the rights or things at the time of death shall be included in computing the taxpayer’s income for the taxation year in which the taxpayer died, unless the taxpayer’s legal representative has, not later than the later of the day that is one year after the date of death of the taxpayer and the day that is 90 days after the sending of any notice of assessment in respect of the tax of the taxpayer for the year of death, elected otherwise, in which case the legal representative shall file a separate return of income for the year under this Part and pay the tax for the year under this Part as if (a) the taxpayer were another person; (b) that other person’s only income for the year were the value of the rights or things; and (c) subject to sections 114.2 and 118.93, that other person were entitled to the deductions to which the taxpayer would be entitled under sections 110, 110.6, 118 and 118.9 for the year in computing the taxpayer’s taxable income or tax payable under this Part, as the case may be, for the year. Rights or things transferred to beneficiaries
Un contribuable et chaque société ou fiducie qui, tout au long de la période pertinente, une entité admissible du groupe relativement à ce contribuable et un membre du même groupe consolidé que le contribuable (le contribuable et chacune de celles-ci étant appelés individuellement au présent paragraphe et au paragraphe (4) un « membre canadien du groupe »), peuvent, si le contribuable est visé au paragraphe (7), faire un choix, et autrement faire un choix conjoint relativement à leurs années d’imposition se terminant dans la période pertinente (chacune étant appelée au présent paragraphe et au paragraphe (4) une « année d’imposition pertinente ») pour attribuer les montants à chaque année d’imposition pertinente et le montant attribué à un membre pour une année d’imposition pertinente est le montant déterminé à l’égard de ce membre pour cette année d’imposition pertinente pour l’application du présent article et du paragraphe 18.2(2), si les conditions suivantes sont réunies : a) les états financiers consolidés du groupe consolidé pour la période pertinente sont des états financiers vérifiés; b) le choix ou le choix modifié, à la fois : (i) précise le montant attribué à chaque membre canadien du groupe pour chaque année d’imposition pertinente, (ii) est présenté au ministre par le contribuable ou un membre canadien du groupe du contribuable au plus tard : (A) à la dernière date d’échéance de production d’un membre canadien du groupe pour une année d’imposition pertinente, (B) le quatre-vingt-dixième jour suivant la date d’envoi des documents suivants : (I) un avis de cotisation concernant l’impôt payable en vertu de la présente partie par un membre canadien du groupe pour une année d’imposition pertinente, (II) un avis portant qu’aucun impôt n’est payable en vertu de la présente partie par un membre canadien du groupe pour une année d’imposition pertinente; c) le total des montants dont chacun représente un montant attribué à un membre canadien du groupe pour une année d’imposition pertinente n’excède pas le moindre des montants suivants : B (i) le total des montants relativement à un membre dont chacun est déterminé selon la formule suivante : A × B où : A représente le ratio de groupe du groupe consolidé pour la période pertinente, B le revenu imposable rajusté du membre pour chaque année d’imposition pertinente; (ii) les dépenses nettes d’intérêts du groupe consolidé relativement à la période pertinente, (iii) le total des montants dont chacun représenterait, compte non tenu de l’article 257, le revenu imposable rajusté d’un membre pour chaque année d’imposition pertinente; d) un choix modifié n’a pas été produit conformément au présent article; e) lorsque le choix est un choix modifié : (i) soit les conditions ci-après sont remplies : (A) en l’absence de toute cotisation, la condition de l’alinéa c) serait remplie relativement à un choix antérieur fait par les membres canadiens du groupe pour une année d’imposition pertinente en vertu du présent paragraphe, (B) le paragraphe 18.2(9) ne s’applique pas à un avantage fiscal relativement à un choix antérieur pour la période pertinente, (ii) soit le ministre accorde l’autorisation de modifier le choix en vertu du paragraphe (3). Choix modifié ou produit en retard
Where before the time for making an election under subsection 70(2) has expired, a right or thing to which that subsection would otherwise apply has been transferred or distributed to beneficiaries or other persons beneficially interested in the estate or trust, (a) subsection 70(2) is not applicable to that right or thing; and (b) an amount received by one of the beneficiaries or persons on the realization or disposition of the right or thing shall be included in computing the income of the beneficiary or person for the taxation year in which the beneficiary or person received it. (3.1) For the purposes of this section, rights or things do not include an interest in a life insurance policy (other than an annuity contract of a taxpayer where the payment therefor was deductible in computing the taxpayer’s income because of paragraph 60(o) or was made in circumstances in which subsection 146(21) applied), land included in the inventory of a business, a Canadian resource property or a foreign resource property. Revocation of election
Le ministre peut proroger le délai pour faire le choix prévu au paragraphe (2), ou permettre que ce choix soit modifié ou annulé, si les conditions suivantes sont réunies : a) les membres canadiens du groupe démontrent que, à la satisfaction du ministre, à la fois : (i) ils ont fait des efforts voulus pour déterminer toutes les sommes qu’il est raisonnable de considérer comme pertinentes pour faire le choix, (ii) le choix ou le choix modifié, selon le cas, est produit dès que les circonstances le permettent; Income Tax PART I Income Tax DIVISION B Computation of Income
An election made under subsection 70(2) may be revoked by a notice of revocation signed by the legal representative of the taxpayer and filed with the Minister within the time that an election under that subsection may be made. Capital property of a deceased taxpayer
Impôt sur le revenu
Where in a taxation year a taxpayer dies, (a) the taxpayer shall be deemed to have, immediately before the taxpayer’s death, disposed of each capital property of the taxpayer and received proceeds of disposition therefor equal to the fair market value of the property immediately before the death; (b) any person who as a consequence of the taxpayer’s death acquires any property that is deemed by paragraph 70(5)(a) to have been disposed of by the taxpayer shall be deemed to have acquired it at the time of the death at a cost equal to its fair market value immediately before the death; (c) where any depreciable property of the taxpayer of a prescribed class that is deemed by paragraph 70(5)(a) to have been disposed of is acquired by any person as a consequence of the taxpayer’s death (other than where the taxpayer’s proceeds of disposition of the property under paragraph 70(5)(a) are redetermined under subsection 13(21.1)) and the amount that was the capital cost to the taxpayer of the property exceeds the amount determined under paragraph 70(5)(b) to be the cost to the person thereof, for the purposes of sections 13 and 20 and any regulations made for the purpose of paragraph 20(1)(a), (i) the capital cost to the person of the property shall be deemed to be the amount that was the capital cost to the taxpayer of the property, and (ii) the excess shall be deemed to have been allowed to the person in respect of the property under regulations made for the purpose of paragraph 20(1)(a) in computing income for taxation years that ended before the person acquired the property; (d) where a property of the taxpayer that was deemed by paragraph 70(5)(a) to have been disposed of is acquired by any person as a consequence of the taxpayer’s death and the taxpayer’s proceeds of disposition of (i) where the property was depreciable property of a prescribed class and the amount that was the capital cost to the taxpayer of the property exceeds the amount so redetermined under subsection 13(21.1), for the purposes of sections 13 and 20 and any regulations made for the purpose of paragraph 20(1)(a), (A) its capital cost to the person shall be deemed to be the amount that was its capital cost to the taxpayer, and (B) the excess shall be deemed to have been allowed to the person in respect of the property under regulations made for the purpose of paragraph 20(1)(a) in computing the income for taxation years that ended before the person acquired the property, and (ii) where the property is land (other than land to which subparagraph 70(5)(d)(i) applies), its cost to the person shall be deemed to be the amount that was the taxpayer’s proceeds of disposition of the land as redetermined under subsection 13(21.1). Transfer or distribution — Class 14.1 (5.1) Notwithstanding subsection (6), if property included in Class 14.1 of Schedule II to the Income Tax Regulations of the taxpayer in respect of a business carried on by the taxpayer immediately before the taxpayer’s death that is a property to which subsection (5) would otherwise apply is, as a consequence of the death, transferred or distributed (otherwise than by way of a distribution of property by a trust that claimed a deduction under paragraph 20(1)(a) or (b) in respect of the property or in circumstances to which subsection 242(2) applies) to any person (in this subsection referred to as the beneficiary), the following rules apply: (b) the taxpayer is deemed to have, immediately before the taxpayer’s death, disposed of the property and received proceeds of disposition equal to the lesser of the capital cost and the cost amount to the taxpayer of the property immediately before the death; (c) the beneficiary is deemed to have acquired the property at the time of the death at a cost equal to those proceeds; and (d) paragraph (5)(c) applies as if the references to "paragraph (a)" were read as references to "paragraph (5.1)(b)" and the reference to "paragraph (b)" were read as reference to "paragraph (5.1)(c)". Resource property and land inventory (5.2) If in a taxation year a taxpayer dies, (a) the taxpayer is deemed (i) to have disposed, at the time that is immediately before the taxpayer's death, of each (A) Canadian resource property of the taxpayer, (B) foreign resource property of the taxpayer, and (C) property that was land included in the inventory of a business of the taxpayer, and (ii) subject to paragraph (c), to have received at that time proceeds of disposition for each such property equal to its fair market value at that time; (b) any person who, as a consequence of the taxpayer's death, acquires a property that is land referred to in paragraph (a) to have been disposed of by the taxpayer is, subject to paragraph (c), deemed to have acquired the property at the time of the death at a cost equal to its fair market value at the time that is immediately before the death; and (c) where the taxpayer was resident in Canada at the time that is immediately before the taxpayer's death, a particular property disposed of in clause (a)(i)(A), (B), or (C) is, on or after the death and as a consequence of the death, transferred or distributed to a spouse or common-law partner of the taxpayer described in paragraph (6)(a) or a trust described in paragraph (6)(b), and it can be shown within the period that ends 36 months after the death (or, where written application has been made to the Minister by the taxpayer's legal representative within that period, within any longer period that the Minister considers reasonable in the circumstances) that the particular property has, within that period, vested indefeasibly in the spouse, common-law partner or trust, as the case may be, (i) the taxpayer is deemed to have received, at the time that is immediately before the taxpayer's death, proceeds of disposition of the particular property equal to (A) if the particular property is Canadian resource property of the taxpayer or foreign resource property of the taxpayer, the amount specified by the taxpayer’s legal representative in the taxpayer’s return of income filed under paragraph 150(1)(b), not exceeding its fair market value at that time, and (B) if the particular property was land included in the inventory of a business of the taxpayer, its cost amount to the taxpayer at that time, and (ii) the spouse, common-law partner or trust, as the case may be, is deemed to have acquired at the time of the death the particular property at a cost equal to the amount determined under subparagraph (i) in respect of the disposition of it under paragraph (a). Fair market value (5.3) For the purposes of subsections (5) and 104(4) and section 128.1, the fair market value at any time of any property deemed to have been disposed of at that time as a consequence of a particular individual’s death or as a consequence of the particular individual becoming or ceasing to be resident in Canada shall be determined as though the fair market value at that time of any life insurance policy, under which the particular individual (or any other individual related to the particular individual) was insured at that time or at the time the policy was issued by a person whose life was insured, was the cash surrender value (as defined in subsection 148(9)) of the policy immediately before the particular individual died or became or ceased to be resident in Canada, as the case may be. Fair market value (5.31) For the purposes of subsections (5) and 104(4), the fair market value at any time of any property deemed to have been disposed of at that time as a consequence of a particular individual’s death is to be determined as though the fair market value at that time of any annuity contract were the total of all amounts each of which is the amount of a premium paid on or before that time under the contract if (a) the contract is, in respect of an LIA policy, a contract referred to in subparagraph (b)(ii) of the definition LIA policy in subsection 248(1); and (b) the particular individual is the individual, in respect of the LIA policy, referred to in that subparagraph. NISA on death (5.4) Where a taxpayer who dies has at the time of death a net income stabilization account, all amounts held for or on behalf of the taxpayer in the taxpayer’s NISA Fund No. 2 shall be deemed to have been paid out of that fund to the taxpayer immediately before that time. Where transfer or distribution to spouse or spouse trust
Where any property of a taxpayer who was resident in Canada immediately before the taxpayer’s death that is a property to which subsection 70(5) would otherwise apply is, as a consequence of the death, transferred or distributed to (a) the taxpayer’s spouse or common-law partner who was resident in Canada immediately before the taxpayer’s death, or (b) a trust, created by the taxpayer’s will, that was resident in Canada immediately after the time the property vested indefeasibly in the trust and under which (i) the taxpayer’s spouse or common-law partner is entitled to receive all of the income of the trust that arises before the spouse’s or common-law partner’s death, and (ii) no person except the spouse or common-law partner may, before the spouse’s or common-law partner’s death, receive or otherwise obtain the use of any of the income or capital of the trust, if it can be shown, within the period ending 36 months after the death of the taxpayer or, where written application therefor has been made to the Minister by the taxpayer’s legal representative within that period, within such longer period as the Minister considers reasonable in the circumstances, that the property has become vested indefeasibly in the spouse or common-law partner or trust, as the case may be, the following rules apply: (d) subject to paragraph 70(6)(d.1), the taxpayer shall be deemed to have, immediately before the taxpayer’s death, disposed of the property and received proceeds of disposition therefor equal to (i) where the property was depreciable property of a prescribed class, the lesser of the capital cost and the cost amount to the taxpayer of the property immediately before the death, and (ii) in any other case, its adjusted cost base to the taxpayer immediately before the death, and the spouse or common-law partner or trust, as the case may be, shall be deemed to have acquired the property at the time of the death at a cost equal to those proceeds, (d.1) where the property is an interest in a partnership (other than an interest in a partnership to which subsection 100(3) applies), (i) the taxpayer shall, except for the purposes of paragraph 98(5)(g), be deemed not to have disposed of the property as a consequence of the taxpayer’s death, (ii) the spouse or common-law partner or the trust, as the case may be, shall be deemed to have acquired the property at the time of the death at a cost equal to its cost to the taxpayer, and (iii) each amount added or deducted in computing the adjusted cost base to the taxpayer of the property shall be deemed to be required by subsection 53(1) or 53(2) to be added or deducted, as the case may be, in computing the adjusted cost base to the spouse or common-law partner or the trust, as the case may be, of the property; and (e) where the property was depreciable property of the taxpayer of a prescribed class, paragraph 5(c) applies as if the references therein to “paragraph 70(6)(a)” and to “paragraph 70(6)(b)” were read as references to “paragraph 70(6)(d)”. Transfer or distribution of NISA to spouse or trust (6.1) Where a property that is a net income stabilization account of a taxpayer is, on or after the taxpayer’s death and as a consequence thereof, transferred or distributed to (b) a trust, created by the taxpayer’s will, under which (i) the taxpayer’s spouse or common-law partner is entitled to receive all of the income of the trust that arises before the spouse’s or common-law partner’s death, and (ii) no person except the spouse or common-law partner may, before the spouse’s or common-law partner’s death, receive or otherwise obtain the use of any of the income or capital of the trust, subsections 70(5.4) and 73(5) do not apply in respect of the taxpayer’s NISA Fund No. 2 if it can be shown, within the period ending 36 months after the death of the taxpayer or, where written application therefore has been made to the Minister by the taxpayer's legal representative within that period, within such longer period as the Minister considers reasonable in the circumstances, that the property has vested indefeasibly in the spouse or common-law partner or trust, as the case may be. (6.2) Subsection (5.1), (6) or (6.1) does not apply to any property of a deceased taxpayer in respect of which the taxpayer's legal representative elects, in the taxpayer's return of income under this Part (other than a return of income filed under subsection (2) or 104(23), paragraph 128(2)(e) or subsection 150(4)) for the year in which the taxpayer died, to have subsection (5) or (5.4), as the case may be, apply. Special rules applicable in respect of trust for benefit of spouse
Where a trust created by a taxpayer's will would, but for the payment of, or provision for payment of, any particular testamentary debts in respect of the taxpayer, be a trust to which subsection 70(6) or 70(6.1) applies, (a) for the purpose of determining the day on or before which a return (in this subsection referred to as the "taxpayer's return") of the taxpayer's income for the taxation year in which the taxpayer died is required to be filed by the taxpayer's legal representatives, subsection 150(1) shall be read without reference to paragraph 150(1)(b) and as if paragraph 150(1)(d) read as follows: "150(1)(d) in the case of any other person, by the person's legal representative within 18 months after the person's death; or," and (b) where the taxpayer's legal representative so elects in the taxpayer's return (other than a return of income filed under subsection 70(2) or 104(23), paragraph 128(2)(e) or subsection 150(4)) and lists therein one or more properties (other than a net income stabilization account) that were, on or after the taxpayer's death and as a consequence thereof, transferred or distributed to the trust, the total fair market value of which properties immediately after the taxpayer's death was not less than the total of the non-qualifying debts in respect of the taxpayer, (i) subsection 70(6) does not apply in respect of the properties so listed, and (ii) notwithstanding the payment of, or provision for payment of, any such particular testamentary debts, the trust shall be deemed to be a trust described in subsection 70(6), except that, where the fair market value, immediately after the taxpayer’s death, of all of the properties so listed exceeds the total of the non-qualifying debts in respect of the taxpayer (the amount of which excess is referred to in this subsection as the “listed value excess”) and the taxpayer’s legal representative designates in the taxpayer’s return one property so listed (other than money) that is capital property other than depreciable property, (iii) the amount of the taxpayer’s capital gain or capital loss, as the case may be, from the disposition of that property deemed by subsection 70(5) to have been made by the taxpayer is that proportion of that capital gain or capital loss otherwise determined that (A) the amount, if any, by which the fair market value of that property immediately after the taxpayer’s death exceeds the listed value excess, is of (B) the fair market value of that property immediately after the taxpayer’s death, and (iv) the cost to the trust of that property is (A) where the taxpayer has a capital gain from the disposition of that property deemed by subsection 70(5) to have been made by the taxpayer, the total of (I) its adjusted cost base to the taxpayer immediately before the taxpayer’s death, and (II) the amount determined under subparagraph 70(7)(b)(iii) to be the taxpayer’s capital gain from the disposition of that property, or (B) where the taxpayer has a capital loss from the disposition of that property deemed by subsection 70(5) to have been made by the taxpayer, the amount by which (I) its adjusted cost base to the taxpayer immediately before the taxpayer’s death (II) the amount determined under subparagraph 70(7)(b)(iii) to be the taxpayer’s capital loss from the disposition of that property. (a) the fair market value at any time of any property subject to a mortgage or hypothec is the amount, if any, by which the fair market value at that time of the property otherwise determined exceeds the amount outstanding at that time of the debt secured by the mortgage or hypothec, as the case may be; (b) non-qualifying debt in respect of a taxpayer who has died and by whose will any trust has been created that would, but for the payment of, or provision for payment of, any particular testamentary debts in respect of the taxpayer, be a trust described in subsection 70(6), means any such particular testamentary debt in respect of the taxpayer other than (i) any estate, legacy, succession or inheritance duty payable, in consequence of the taxpayer’s death, in respect of any property of, or interest in, the trust, or (ii) any debt secured by a mortgage or hypothec on property owned by the taxpayer immediately before the taxpayer’s death; and (c) testamentary debt, in respect of a taxpayer who has died, means (i) any debt owing by the taxpayer, or any other obligation of the taxpayer to pay an amount, that was outstanding immediately before the taxpayer’s death, and (ii) any amount payable (other than any amount payable to any person as a beneficiary of the taxpayer’s estate) by the taxpayer’s estate in consequence of the taxpayer’s death, including any income or profits tax payable by or in respect of the taxpayer for the taxation year in which the taxpayer died or for any previous taxation year, and any estate, legacy, succession or inheritance duty payable in consequence of the taxpayer’s death.
Subsection (9.01) applies to a taxpayer and a child of the taxpayer in respect of land in Canada or depreciable property in Canada of a prescribed class of the taxpayer in respect of which subsection (5) would, if this Act were read without reference to this subsection, apply if (a) the property was, before the death of the taxpayer, used principally in a farming or fishing business carried on in Canada in which the taxpayer, the spouse or common-law partner of the taxpayer or a child or parent of the taxpayer was actively engaged on a regular and continuous basis (or, in the case of property used in the operation of a woodlot, was engaged to the extent required by a prescribed forest management plan in respect of that woodlot); (b) the child of the taxpayer was resident in Canada immediately before the day on which the taxpayer died; and (c) as a consequence of the death of the taxpayer, the property is transferred to and becomes vested indefeasibly in the child within the period ending 36 months after the death of the taxpayer or, if written application has been made to the Minister by the taxpayer’s legal representative within that period, within any longer period that the Minister considers reasonable in the circumstances. Transfer of farming and fishing property to child (9.01) If, because of subsection (9), this subsection applies to the taxpayer and a child of the taxpayer in respect of a property of the taxpayer that has been transferred to the child as a consequence of the death of the taxpayer, the following rules apply: (a) where the taxpayer’s legal representative does not elect in the taxpayer’s return of income under this Part for the year in which the taxpayer died, to have paragraph (b) apply to the taxpayer and the child in respect of the property, (i) paragraphs (5)(a) and (b) and section 69 do not apply to the taxpayer and the child in respect of the property, (ii) the taxpayer is deemed to have (A) disposed of the property immediately before the taxpayer’s death, and (B) received, at the time of the disposition of the property, proceeds of disposition in respect of that disposition of the property equal to (I) where the property was depreciable property of a prescribed class, the lesser of
b) selon le ministre, les circonstances sont telles qu’il serait juste et équitable de permettre que le choix soit fait, modifié ou annulé. Ajustements de la juste valeur — choix
Aux fins du calcul du bénéfice net comptable rajusté du groupe, les règles ci-après s’appliquent : a) aucun montant ne peut être inclus dans l’alinéa d) de l’élément F ou dans l’élément K de la définition de bénéfice net comptable rajusté du groupe pour toute période pertinente, sauf si les membres canadiens du groupe font un choix conjoint, pour la première année d’imposition pertinente relativement à laquelle les membres canadiens du groupe font un choix conjoint en application du paragraphe (2), d’inclure les montants de la juste valeur nette dans le calcul du bénéfice net comptable rajusté du groupe pour la période pertinente au cours de laquelle la première année d’imposition pertinente se termine; b) si le choix d’inclure les montants de la juste valeur nette dans le calcul n’est pas fait au cours de la première année d’imposition pertinente, chaque membre canadien du groupe est réputé ne pas avoir ainsi fait le choix au cours de cette année d’imposition et des années d’imposition subséquentes; c) si le choix d’inclure les montants de la juste valeur nette dans le calcul est fait au cours de la première année d’imposition pertinente, chaque membre canadien du groupe est réputé avoir ainsi fait le choix au cours de cette année d’imposition et des années d’imposition subséquentes. Cotisation
the taxpayer of the property is of the capital cost to the taxpayer of all property of that class that had not, at or before that time, been disposed of, and (II) where the property is land (other than land to which subclause (I) applies), the adjusted cost base to the taxpayer of the property immediately before the time of the disposition of the property, (iii) the child is, immediately after the time of the disposition of the property, deemed to have acquired the property at a cost equal to the taxpayer’s proceeds of disposition in respect of the disposition of the property determined under subparagraph (ii), and (iv) where the property was depreciable property of a prescribed class, paragraphs (5)(c) and (d) apply to the taxpayer and the child in respect of the property as if the references in those paragraphs to “paragraph (a)” and “paragraph (b)” were read as “subparagraph (9.01)(a)(ii)” and “subparagraph (9.01)(a)(iii)”, respectively; and (b) where the taxpayer’s legal representative elects, in the taxpayer’s return of income under this Part for the taxation year in which the taxpayer died, to have this paragraph apply to the taxpayer in respect of the property, (i) paragraphs (5)(a) and (b) and section 69 do not apply to the taxpayer and the child in respect of the property, (ii) the taxpayer is deemed to have (A) disposed of the property immediately before the taxpayer’s death, and (B) received, at the time of the disposition of the property, proceeds of disposition in respect of that disposition of the property equal to (I) where the property was depreciable property of a prescribed class, the amount that the legal representative designates, which must not be greater than the greater of nor less than the lesser of
En cas de choix ou de choix modifié fait en vertu du paragraphe (2), le ministre, malgré les paragraphes 152(4) et (5), établit ou modifie les nouvelles cotisations concernant l’impôt, les intérêts et les pénalités payables en application de la présente loi par tout contribuable pour toute année d’imposition pertinente afin de rendre applicable le choix ou le choix modifié. Utilisation des termes comptables
Pour l’application des définitions de bénéfice net comptable rajusté du groupe, dépenses d’intérêts déterminées, états financiers consolidés, groupe consolidé, montant de la juste valeur nette, revenus d’intérêts déterminés au paragraphe (1), un terme non défini en vertu de la présente loi a le sens qui lui est attribué aux fins de présentation de l’information financière selon les principes comptables acceptables pertinents. Anti-avoidance — specified non-member Definitions (entité) (valeur des capitaux propres) (fiducie de placement immobilier) (a) a liability of the entity; Groupe avec membre unique
determined immediately before the time of the disposition of the property, that is that proportion of the undepreciated capital cost of property of that class to the taxpayer that the capital cost to the taxpayer of the property is of the capital cost to the taxpayer of all property of that class that had not, at or before that time, been disposed of, and (II) where the property is land (other than land to which subclause (I) applies), the amount that the legal representative designates, which must not be greater than the greater of nor less than the lesser of
Pour l’application du présent article, si un contribuable résident au Canada n’est pas un membre d’un groupe consolidé pour une période pertinente : a) le contribuable est réputé être une entité admissible du groupe relativement à lui-même; b) le contribuable est réputé être : (i) un membre d’un groupe consolidé dont il est le seul membre, (ii) la mère ultime du groupe; c) les états financiers du contribuable sont réputés être des états financiers consolidés. Anti-évitement — non-membre déterminé
Une personne ou une société de personnes donnée qui n’est pas un membre d’un groupe consolidé pour une période pertinente est réputée être un non-membre déterminé relativement au groupe pour la période si une partie du montant des dépenses nettes d’intérêts du groupe est payée ou payable par un membre du groupe à la personne ou société donnée dans le cadre d’une opération ou d’une série d’opérations lorsqu’il est raisonnable de considérer que l’un des principaux objets de l’opération ou de la série est d’éviter l’inclusion de cette partie dans la détermination de la valeur de l’élément E figurant à la définition de dépenses nettes d’intérêts du groupe au paragraphe (1). [NOTE : Les dispositions d’application ne sont pas incluses dans le présent texte codifié; voir les lois et règlements modificatifs appropriés.] 2024, c. 15, s. 7. Définitions
(iii) the child is, immediately after the time of the disposition of the property, deemed to have acquired the property at a cost equal to the taxpayer’s proceeds of disposition in respect of the disposition of the property determined under subparagraph (ii), (iv) where the property was depreciable property of a prescribed class, paragraphs (5)(c) and (d) apply to the taxpayer in respect of the property as if the references in those paragraphs to “paragraph (a)” and “paragraph (b)” were read as “subparagraph (9.01)(b)(ii)” and “subparagraph (9.01)(b)(iii)”, respectively, (v) except for the purpose of this subparagraph, (A) where the amount designated by the taxpayer’s legal representative under subclause (ii)(B)(I), exceeds the greater of the amounts determined under sub-subclauses (ii)(B)(I)1 and 2 in respect of the property, the amount designated is deemed to be equal to the greater of those amounts, and (B) where the amount designated by the taxpayer’s legal representative under subclause (ii)(B)(II) exceeds the greater of the amounts determined under sub-subclauses (ii)(B)(II)1 and 2 in respect of the property, the amount designated is deemed to be equal to the greater of those amounts, and (vi) except for the purpose of this subparagraph, (A) where the amount designated by the taxpayer’s legal representative under subclause (ii)(B)(I) is less than the lesser of the amounts determined under sub-subclauses (ii)(B)(I)1 and 2 in respect of the property, the amount designated is deemed to be equal to the lesser of those amounts, and (B) where the amount designated by the taxpayer’s legal representative under subclause (ii)(B)(II) is less than the lesser of the amounts determined under sub-subclauses (ii)(B)(II)1 and 2 in respect of the property, the amount designated is deemed to be equal to the lesser of those amounts. (9.1) Subsection (9.11) applies to a trust and a child of the settlor of the trust in respect of a property in respect of which subsection 104(4) or (5) would, if this Act were read without reference to this subsection, apply to the trust because of the death of the beneficiary under the trust who was a spouse or a common-law partner of the settlor if (a) the property (or property for which the property was substituted) was transferred to the trust by the settlor; (b) subsection (6), paragraph 73(1) (as that subsection applied to transfers before 2000) or subparagraph 73(1.01)(c)(i) applied to the settlor and the trust in respect of the transfer referred to in paragraph (a); (c) the property is, immediately before the beneficiary’s death, land or a depreciable property of a prescribed class of the trust that was used in a farming or fishing business carried on in Canada; (e) as a consequence of the beneficiary’s death, the property is transferred to and becomes vested indefeasibly in the child of the settlor within the period ending 36 months after that beneficiary’s death or, if written application has been made to the Minister by the taxpayer’s legal representative within that period, within any longer period that the Minister considers reasonable in the circumstances. Transfer of farming and fishing property from trust to settlor’s children (9.11) If, because of subsection (9.1), this subsection applies to the trust and a child of the settlor of the trust in respect of a property of the trust that has been distributed to the child as a consequence of the death of the beneficiary under the trust who was the spouse or common-law partner of the settlor, the following rules apply: (a) where the trust does not elect, in its return of income under this Part for the taxation year in which the beneficiary died, to have paragraph (b) apply to the trust in respect of the property, (i) subsections 104(4) and (5) and section 69 do not apply to the trust and the child in respect of the property, (ii) the trust is deemed to have (A) disposed of the property immediately before the beneficiary’s death, and (B) received, at the time of the disposition, proceeds of disposition in respect of that disposition equal to (I) where the property was depreciable property of a prescribed class, the lesser of
entité S’entend au sens du paragraphe 122.1(1). (entity) fiducie de placement immobilier S’entend au sens du paragraphe 122.1(1). filiale Est une filiale d’une entité donnée à un moment donné : a) l’entité de laquelle l’entité donnée détient, à ce moment, des titres dont la juste valeur marchande totale excède 10 % de la valeur des capitaux propres de l’entité; b) l’entité qui, à ce moment, est la filiale d’une entité qui est elle-même la filiale de l’entité donnée. (subsidiary) période de transition Quant à une entité, celle des périodes ci-après qui lui est applicable : a) dans le cas où un ou plusieurs titres de l’entité auraient été des titres agrafés de celle-ci le 31 octobre 2006 et le 19 juillet 2011 si la définition de titre agrafé au présent paragraphe était entrée en vigueur le 31 octobre 2006, la période commençant le 20 juillet 2011 et se terminant au premier en date des jours suivants : (i) le 1er janvier 2016, (ii) le premier jour, après le 20 juillet 2011, où l’un de ces titres fait l’objet d’une modification importante, b) dans le cas où l’alinéa a) ne s’applique pas à l’entité et où un ou plusieurs titres de celle-ci auraient été des titres agrafés le 19 juillet 2011 si la définition de titre agrafé au présent paragraphe était entrée en vigueur à cette date, la période commençant le 20 juillet 2011 et se terminant au premier en date des jours suivants : (i) le 20 juillet 2012, (ii) le premier jour, après le 20 juillet 2011, où l’un de ces titres fait l’objet d’une modification importante, A) d’une opération qui, à la fois : (I) a été menée à terme selon les modalités d’une convention qui a été conclue par écrit avant le 20 juillet 2011, pourvu qu’aucune des parties à la convention ne puisse en disposer de ce titre en raison de la survenance de modifications apportées à la présente loi, (II) ne consiste pas à émettre un titre en règlement du droit d’exiger le paiement d’une somme par l’entité, B) de l’émission du titre en règlement du droit d’exiger le paiement d’une somme devenue payable par l’entité sur un autre titre de celle-ci avant le 20 juillet 2011, dans le cas où l’autre titre était un titre agrafé à cette date et où l’émission a été effectuée en exécution d’une condition de l’autre titre qui était en vigueur à cette même date; Income Tax PART I Income Tax DIVISION B Computation of Income
transition period, of an entity, means (A) a transaction (A) a transaction, (A) a transaction, (A) a transaction (A) a transaction (transition period)
(II) where the property is land (other than land to which subclause (I) applies), the adjusted cost base to the trust of the property immediately before the time of the disposition of the property, and (iii) the child is, immediately after the time of the disposition of the property, deemed to have acquired the property at a cost equal to the trust’s proceeds of disposition in respect of the disposition (b) where the trust elects, in the trust’s return of income under this Part for the taxation year in which the beneficiary died, to have this paragraph apply to the trust in respect of the property, (i) subsections 104(4) and (5) do not apply to the trust in respect of the property, (ii) the trust is deemed to have (A) disposed of the property immediately before the beneficiary’s death, and (B) received, at the time of the disposition of the property, proceeds of disposition in respect of the disposition of the property equal to (I) where the property was depreciable property of a prescribed class, the amount that the trust designates, which must not be greater than the greater of nor less than the lesser of
a) toute dette ou autre obligation de l’entité; b) si l’entité est une société : (i) toute action de son capital-actions, (ii) tout droit de contrôler, de quelque manière que ce soit, les droits de vote rattachés à une action de son capital-actions, s’il est raisonnable de conclure que l’une des raisons pour lesquelles une personne ou une société de personnes détient ce droit consiste à éviter l’application des paragraphes 12.6(3); c) si elle est une fiducie, toute participation au revenu ou au capital de la fiducie; d) si elle est une société de personnes, toute participation à titre d’associé de la société de personnes. (security)
a) un autre titre (appelé « titre de référence » au présent article), selon le cas : (i) doit ou pourrait devoir être transféré avec le titre donné, ou simultanément avec celui-ci, en exécution d’une convention ou d’un arrangement auquel est partie l’entité donnée ou, si le titre de référence est un titre d’une autre entité, cette dernière, (ii) est coté ou négocié avec le titre donné sur une bourse de valeurs ou un marché public sous un même symbole; b) le titre donné ou le titre de référence est coté ou négocié sur une bourse de valeurs ou un autre marché public; c) l’un des faits ci-après s’avère : (i) le titre de référence et le titre donné sont des titres de l’entité donnée, laquelle est une société, Income Tax PART I Income Tax DIVISION B Computation of Income
(II) where the property is land (other than land to which subclause (I) applies), the amount that the trust designates, which must not be greater than the greater of nor less than the lesser of
(période de transition) Impôt sur le revenu
(iii) the child is, immediately after the time of the disposition of the property, deemed to have acquired the property at a cost equal to the trust’s (iv) except for the purpose of this subparagraph, (A) where the amount designated by the trust under subclause (ii)(B)(I) exceeds the greater of the amounts determined under sub-subclauses (ii)(B)(I)1 and 2 in respect of the property, the amount designated is deemed to be equal to the greater of those amounts, and (B) where the amount designated by the trust under subclause (ii)(B)(II) exceeds the greater of the amounts determined under sub-subclauses (ii)(B)(II)1 and 2 in respect of the property, the amount designated is deemed to be equal to the greater of those amounts, and (v) except for the purpose of this subparagraph, (A) where the amount designated by the trust under subclause (ii)(B)(I) is less than the lesser of the amounts determined under sub-subclauses (ii)(B)(I)1 and 2 in respect of the property, the amount designated is deemed to be equal to the lesser of those amounts, and (B) where the amount designated by the trust under subclause (ii)(B)(II) is less than the lesser of the amounts determined under sub-subclauses (ii)(B)(II)1 and 2 in respect of the property, the amount designated is deemed to be equal to the lesser of those amounts; (c) where paragraph (a) or (b) (each of which is referred to in this subsection as the “relevant provision”) applied to the trust in respect of a property that was depreciable property of a prescribed class (other than where the trust’s proceeds of disposition of the property under the relevant provision are redetermined under subsection 13(21.1)), (i) the capital cost to the child of the property, immediately after the time of the disposition, is deemed to be the amount that was the capital cost to the trust of the property, immediately before the time of the disposition, and (ii) the amount, if any, by which the capital cost to the trust of the property, immediately before the time of the disposition, exceeds the amount determined under the relevant provision to be the cost of the property to the child, immediately after the time of the disposition, is, for the purposes of sections 13 and 20 and any regulations made for the purpose of paragraph 20(1)(a), deemed to have been allowed to the child in respect of the property under regulations made for the purpose of paragraph 20(1)(a) in computing income for taxation years that ended before the child acquired the property; and (i) where the capital cost to the trust of the property, immediately before the time of the disposition, exceeds the amount redetermined under subsection 13(21.1), for the purposes of sections 13 and 20 and any regulations made for the purpose of paragraph 20(1)(a), (A) the capital cost to the child of the property, immediately after the time of the disposition, is deemed to be the amount that was the capital cost to the trust of the property, immediately before the time of the disposition, and (B) the amount, if any, by which the capital cost to the trust of the property, immediately before the time of the disposition, exceeds the amount redetermined under subsection 13(21.1) is deemed to have been allowed to the child in respect of the property under regulations made for the purpose of paragraph 20(1)(a) in computing income for taxation years that ended before the child acquired the property, and (ii) where the property is land, the cost to the child of the property is deemed to be the amount that was the trust’s proceeds of disposition as redetermined under subsection 13(21.1). (9.2) Subsection (9.21) applies to a taxpayer and a child of the taxpayer in respect of a property of the taxpayer in respect of which subsection (5) would, if this Act were read without reference to this subsection, apply to the taxpayer and the child if (a) the property was, immediately before the death of the taxpayer, a share of the capital stock of a family farm or fishing corporation of the taxpayer or an interest in a family farm or fishing partnership of the taxpayer; (b) the child of the taxpayer was resident in Canada immediately before the day on which taxpayer died; and (c) as a consequence of the death of the taxpayer, the property is transferred to and becomes vested indefeasibly in the child within the period ending 36 months after the death of the taxpayer or, if written application has been made to the Minister by the taxpayer’s legal representative within that period, within any longer period that the Minister considers reasonable in the circumstances. Transfer of family farm and fishing corporations and partnerships (9.21) If, because of subsection (9.2), this subsection applies to the taxpayer and a child of the taxpayer in respect of a property of the taxpayer that has been transferred to the child as a consequence of the death of the taxpayer, the following rules apply: (a) where the taxpayer’s legal representative does not elect, in the taxpayer’s return of income under this Part for the taxation year in which the taxpayer died, to have paragraph (b) apply to the taxpayer in respect of the property, (i) paragraphs (5)(a) and (b) and section 69 do not apply to the taxpayer and the child in respect of the property, (ii) where the property is, immediately before the death of the taxpayer, a share of the capital stock of a family farm or fishing corporation of the taxpayer, (A) the taxpayer is deemed to have (I) disposed of the property immediately before the taxpayer’s death, and (II) received proceeds of disposition in respect of that disposition equal to the adjusted cost base to the taxpayer, immediately before the time of that disposition, of the property, and (B) the child is, immediately after the time of the disposition, deemed to have acquired the property at a cost equal to the taxpayer’s proceeds of disposition in respect of that disposition determined under clause (A), and (iii) where the property is, immediately before the death of the taxpayer, a partnership interest described in paragraph (9.2)(a) (other than a partnership interest to which subsection 100(3) applies), (A) the taxpayer is, except for the purpose of paragraph 98(5)(g), deemed not to have disposed of the property as a consequence of the taxpayer’s death, (B) the child is deemed to have acquired the property at the time of the taxpayer’s death at a cost equal to the cost to the taxpayer of the interest immediately before the time that is immediately before the time of the taxpayer’s death, and (C) each amount required by subsection 53(1) or (2) to be added or deducted in computing the adjusted cost base to the taxpayer, immediately before the time of the taxpayer’s death, of the property is deemed to be an amount required by subsection 53(1) or (2) to be added or deducted in computing, at any time at or after the time of the taxpayer’s death, the adjusted cost base to the child of the property; and (b) where the taxpayer’s legal representative elects, in the taxpayer’s return of income under this Part for the taxation year in which the taxpayer died, to have this paragraph apply to the taxpayer in respect of the property, (i) paragraphs (5)(a) and (b) and section 69 do not apply to the taxpayer and the child in respect of the property, (ii) subject to subparagraph (iii), where the property is, immediately before the taxpayer’s death, a share of the capital stock of a family farm or fishing corporation of the taxpayer or an interest in a family farm or fishing partnership of the taxpayer, (A) the taxpayer is deemed to have (I) disposed of the property immediately before the taxpayer’s death, and (II) received, at the time of the disposition of the property, proceeds of disposition in respect of the disposition of the property equal to the amount that the taxpayer’s legal representative designates, which must not be greater than the greater or not less than the lesser of
(B) the child is, immediately after the time of the disposition, deemed to have acquired the property at a cost equal to the taxpayer’s proceeds of disposition in respect of the disposition of the property determined under clause (A), (C) except for the purpose of this clause, where the amount designated by the taxpayer’s legal representative under subclause (A)(II) exceeds the greater of the amounts determined under sub-subclauses (A)(II)1 and 2 in respect of the property, the amount designated is deemed to be equal to the greater of those amounts, and (D) except for the purpose of this clause, where the amount designated by the taxpayer’s legal representative under subclause (A)(II) is less than the lesser of the amounts determined under sub-subclauses (A)(II)1 and 2 in respect of the property, the amount designated is deemed to be equal to the lesser of those amounts, and (iii) where the property is, immediately before the death of the taxpayer, a partnership interest described in paragraph 9(2.2)(a) (other than a partnership interest to which subsection 100(3) applies), and the taxpayer’s legal representative further elects, in the taxpayer’s return of income under this Part for the taxation year in which the taxpayer died, to have this subparagraph apply to the taxpayer in respect of the property, (A) the taxpayer is, except for the purpose of paragraph 98(5)(g), deemed not to have disposed of the property as a consequence of the taxpayer’s death, (B) the child is deemed to have acquired the property at the time of the taxpayer’s death at a cost equal to the cost to the taxpayer of the interest immediately before the time that is immediately before the death of the taxpayer, and (C) each amount required by subsection 53(1) or (2) to be added or deducted in computing the adjusted cost base to the taxpayer, immediately before the time of the taxpayer’s death, of the property is deemed to be an amount required by subsection 53(1) or (2) to be added or deducted in computing, at any time at or after the taxpayer’s death, the adjusted cost base to the child of the property. (9.3) Subsection (9.31) applies to a trust and a child of the settlor of the trust in respect of a property in respect of which subsection 104(4) would, if this Act were read without reference to this subsection, apply to the trust as a consequence of the death of the beneficiary under the trust who was a spouse or a common-law partner of the settlor of the trust if (a) the property (or property for which the property was substituted) was transferred to the trust by the settlor and was, immediately before that transfer, a share of the capital stock of a family farm or fishing corporation of the settlor or an interest in a family farm or fishing partnership of the settlor; (b) subsection (6), subsection 73(1) (as that subsection applied to transfers before 2000) or subparagraph 73(1.01)(c)(ii) applied to the settlor and the trust in respect of the transfer referred to in paragraph (a); (c) the property is, immediately before the beneficiary’s death, (i) a share of the capital stock of a Canadian corporation that would, immediately before that beneficiary’s death, be a share of the capital stock of a family farm or fishing corporation of the settlor, if the settlor owned the share at that time and paragraph (a) of the definition share of the capital stock of a family farm or fishing corporation in subsection (10) were read without the words “in which the individual, the individual’s spouse or common-law partner, a child of the individual or a parent of the individual was actively engaged on a regular and continuous basis (or, in the case of property used in the operation of a woodlot, was engaged to the extent required by a prescribed forest management plan in respect of that woodlot)”, (iii) a partnership interest in a partnership that carried on in Canada a farming or fishing business in which it used all or substantially all of the property; (e) as a consequence of that beneficiary’s death, the property is transferred to and becomes vested indefeasibly in the child within the period ending 36 months after that beneficiary’s death or, if written application has been made to the Minister by the taxpayer’s legal representative within that period, within any longer period that the Minister considers reasonable in the circumstances. Transfer of family farm or fishing corporation or family farm or fishing partnership from trust to children of settlor (9.31) If, because of subsection (9.3), this subsection applies to the trust and a child of the settlor of the trust in respect of a property of the trust that has been distributed to the child as a consequence of the death of the beneficiary under the trust who was a spouse or common-law partner of the settlor of the trust, the following rules apply: (a) where the trust does not elect, in its return of income under this Part for the taxation year in which the beneficiary died, to have paragraph (b) apply to the trust in respect of the property (i) section 69 and subsection 104(4) do not apply to the trust and the child in respect of the property, (ii) where the property is, immediately before the beneficiary’s death, a share described in subparagraph (9.3)(c)(ii), (A) the trust is deemed to have (I) disposed of the property immediately before the beneficiary’s death, and (II) received proceeds of disposition in respect of that disposition equal to the adjusted cost base to the trust of the property immediately before the time of that disposition, and (B) the child is, immediately after the time of the disposition, deemed to have acquired the property at a cost equal to the trust’s proceeds of disposition in respect of that disposition of the property determined under clause (A), and (iii) where the property is, immediately before the beneficiary’s death, a partnership interest described in subparagraph (9.3)(c)(iii) (other than a partnership interest to which subsection 100(3) applies), (A) the trust is, except for the purpose of paragraph 98(5)(g), deemed not to have disposed of the property as a consequence of the beneficiary’s death, (B) the child is deemed to have acquired the property, at the time of the beneficiary’s death, at a cost equal to the cost to the trust of the interest immediately before the time that is immediately before the time of the beneficiary’s death, and (C) each amount required by subsection 53(1) or (2) to be added or deducted in computing the adjusted cost base to the trust, immediately before the beneficiary’s death, of the property is deemed to be an amount required by subsection 53(1) or (2) to be added or deducted in computing, at or after the time of the beneficiary’s death, the adjusted cost base to the child of the property; and (b) where the trust elects, in its return of income under this Part for the taxation year in which the beneficiary died, to have this paragraph apply to the trust in respect of the property (i) subsection 104(4) does not apply to the trust in respect of the property and section 69 does not apply to the trust or the child in respect of the transfer of the property, (ii) subject to subparagraph (iii), where the property is, immediately before the beneficiary’s death, a share described in subparagraph (9.3)(c)(i) or a partnership interest described in subparagraph (9.3)(c)(iii), (A) the trust is deemed to have (I) disposed of the property immediately before the beneficiary’s death, and (II) received, at the time of the disposition of property, proceeds of disposition in respect of the disposition of the property equal to the amount that the trust designates, which must not be greater than the greater of nor less than the lesser of
une société de personnes intermédiaire de placement déterminée ou une fiducie intermédiaire de placement déterminée, (ii) le titre de référence est un titre d’une autre entité, l’une ou l’autre entité donnée ou de l’autre entité est une filiale de l’autre et l’entité donnée ou l’autre entité est une société, une société de personnes intermédiaire de placement déterminée ou une fiducie intermédiaire de placement déterminée, (iii) le titre de référence est un titre d’une autre entité et l’entité donnée ou l’autre entité est une fiducie de placement immobilier ou une filiale d’une telle fiducie. (stapled security) valeur des capitaux propres S’entend au sens du paragraphe 122.1(1). (equity value) Bien représentant un titre
Si un reçu ou un bien semblable (appelé « reçu » au présent paragraphe) représente la totalité ou une partie d’un titre donné d’une entité, lequel reçu serait visé aux alinéas a) et b) de la définition de titre agrafé au paragraphe (1) s’il était un titre de l’entité, les règles suivantes s’appliquent pour déterminer si le titre donné est ou n’est pas un titre agrafé : a) le titre donné est réputé être visé à ces alinéas; b) tout titre qui serait un titre de référence par rapport au reçu est réputé être un titre de référence par rapport au titre donné. Sommes non déductibles
(B) the child is deemed, immediately after the time of the disposition of the property, to have acquired the (B) the child is, immediately after the time of the disposition of the property, deemed to have acquired the property at a cost equal to the trust’s proceeds of disposition in respect of that disposition of the property determined under clause (A), (iii) where the property is, immediately before that beneficiary’s death, a partnership interest described in subparagraph (9.3)(c)(iii) (other than a partnership interest to which subsection 100(3) applies), and the trust further elects, in its return of income under this Part for the taxation year in which the beneficiary died, to have this subparagraph apply to the trust in respect of the property, (A) the trust is, except for the purpose of paragraph 98(5)(g), deemed not to have disposed of the property as a consequence of the beneficiary’s death, (B) the child is deemed to have acquired the property, at the time of the beneficiary’s death, at a cost equal to the cost to the trust of the property immediately before the time that is immediately before the beneficiary’s death, and (C) each amount required by subsection 53(1) or (2) to be added or deducted in computing, immediately before the beneficiary’s death, the adjusted cost base to the trust of the property is deemed to be an amount required by subsection 53(1) or (2) to be added or deducted in computing, at or after the time of the beneficiary’s death, the adjusted cost base to the child of the property, (iv) except for the purpose of this subparagraph, where the amount designated by the trust under subclause (ii)(A)(II) exceeds the greater of the amounts determined under sub-subclauses (ii)(A)(II)1 and 2 in respect of the property, the amount designated is deemed to be equal to the greater of those amounts, and (v) except for the purpose of this subparagraph, where the amount designated by the trust under subclause (ii)(A)(II) is less than the lesser of the amounts determined under sub-subclauses (ii)(A)(II)1 and 2 in respect of the property, the amount designated is deemed to be equal to the lesser of those amounts. (9.6) Subsection (9.01) or (9.21), as the case may be, applies in respect of a transfer of a property as if the references in those subsections to "child" were read as references to "parent" if (a) the property was acquired by a taxpayer in circumstances where any of subsections (9.01), (9.11), (9.21), (9.31) and 73(3.1) and (4.1) applied in respect of the acquisition; (b) as a consequence of the death of the taxpayer the property is transferred to a parent of the taxpayer; and (c) the taxpayer’s legal representative has elected, in the taxpayer’s return of income under this Part for the taxation year in which the taxpayer died, that this subsection apply in respect of the transfer. Leased farm or fishing property (9.8) For the purposes of subsections (9) and 73(3) and paragraph (b) of the definition qualified farm or fishing property in subsection 110.6(1), a property of an individual is, at a particular time, deemed to be used by the individual in a farming or fishing business carried on in Canada if, at that particular time, the property is being used, principally in the course of carrying on a farming or fishing business in Canada, by (a) a corporation, a share of the capital stock of which is a share of the capital stock of a family farm or fishing corporation of the individual, the individual’s spouse or common-law partner, a child of the individual or a parent of the individual; or (b) a partnership, a partnership interest in which is an interest in a family farm or fishing partnership of the individual, the individual’s spouse or common-law partner, a child of the individual or a parent of the individual. child of a taxpayer includes (b.1) a person who was a child of the taxpayer immediately before the death of the person’s spouse or common-law partner, and (c) a person who, at any time before the person attained the age of 19 years, was wholly dependent on the taxpayer for support and of whom the taxpayer had, at that time, in law or in fact, the custody and control; (enfant) interest in a family farm or fishing partnership, of an individual at any time, means a partnership interest owned by the individual at that time if, at that time, all or substantially all of the fair market value of the property of the partnership was attributable to (a) property that has been used principally in the course of carrying on a farming or fishing business in Canada in which the individual, the individual’s spouse or common-law partner, a child of the individual or a parent of the individual was actively engaged on a regular and continuous basis (or, in the case of property used in the operation of a woodlot, was engaged to the extent required by a prescribed forest management plan in respect of that woodlot), by (i) the partnership, (ii) a corporation, a share of the capital stock of which was a share of the capital stock of a family farm or fishing corporation of the individual, the individual’s spouse or common-law partner, a child of the individual or a parent of the individual, (iii) a partnership, a partnership interest in which was an interest in a family farm or fishing partnership of the individual, the individual’s spouse or common-law partner, a child of the individual or a parent of the individual, or (iv) the individual, the individual’s spouse or common-law partner, a child of the individual or a parent of the individual, (b) shares of the capital stock or indebtedness of one or more corporations of which all or substantially all of the fair market value of the property was attributable to property described in paragraph (d), (c) partnership interests or indebtedness of one or more partnerships of which all or substantially all of the fair market value of the property was attributable to property described in paragraph (d), or interest in a family farm partnership [Repealed, 2014, c. 39, s. 13] interest in a family fishing partnership [Repealed, 2014, c. 39, s. 13] share of the capital stock of a family farm or fishing corporation, of an individual at any time, means a share of the capital stock of a corporation owned by the individual at that time if, at that time, all or substantially all of the fair market value of the property owned by the corporation was attributable to (a) property that has been used principally in the course of carrying on a farming or fishing business in Canada in which the individual, the individual’s spouse or common-law partner, a child of the individual or a parent of the individual was actively engaged on a regular and continuous basis (or, in the case of property used in the operation of a woodlot, was engaged to the extent required by a prescribed forest management plan in respect of that woodlot), by (i) the corporation, (ii) a corporation, a share of the capital stock of which was a share of the capital stock of a family farm or fishing corporation of the individual, the individual’s spouse or common-law partner, a child of the individual or a parent of the individual, (iii) a corporation controlled by a corporation described in subparagraph (i) or (ii), (iv) a partnership, a partnership interest in which was an interest in a family farm or fishing partnership of the individual, the individual’s spouse or common-law partner, a child of the individual or a parent of the individual, or (v) the individual, the individual’s spouse or common-law partner, a child of the individual or a parent of the individual, (b) shares of the capital stock or indebtedness of one or more corporations of which all or substantially all of the fair market value of the property was attributable to property described in paragraph (d), (c) partnership interests or indebtedness of one or more partnerships of which all or substantially all of the fair market value of the property was attributable to property described in paragraph (d), or
Malgré les autres dispositions de la présente loi, aucun montant n’est déductible dans le calcul du revenu d’une entité donnée pour une année d’imposition tiré d’une entreprise ou d’un bien au titre d’une somme qui, à la fois : a) est payée ou payable après le 19 juillet 2011, sauf si elle est payée ou payable relativement à la période de transition de l’entité; b) représente, selon le cas : (i) des intérêts payés ou payables sur une dette ou une autre obligation de l’entité donnée qui est un titre agrafé, sauf si chaque titre de référence par rapport au titre agrafé est une dette ou une autre obligation, (ii) si un titre de l’entité donnée, une filiale de celle-ci ou d’une entité dont l’entité donnée est une A × B ÷ C − D where filiale est un titre de référence par rapport à un titre agréé d’une fiducie de placement immobilier ou d’une filiale d’une telle fiducie, une somme payée ou payable : (A) à la fiducie, (B) à une filiale de la fiducie, (C) à une personne ou à une société de personnes, à condition qu’une personne ou une société de personnes paie une somme à la fiducie ou à l’une de ses filiales ou fasse en sorte qu’une somme lui soit payable. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2013, ch. 40, art. 10. Dispositions hybrides — définitions
The definitions in subsection 138(12) apply to this section.
année d’imposition étrangère La période d’une entité dans le cadre de laquelle ses comptes sont habituellement dressés pour les besoins de l’impôt sur le revenu, selon les lois applicables à l’entité. (foreign taxation year) bénéficiaire S’agissant d’un paiement, comprend toute entité qui a droit à se faire verser, porter à son crédit ou conférer un paiement par une entité, dans l’immédiat ou pour l’avenir et conditionnellement ou non. (recipient) déductible À l’égard de somme relativement à un paiement, dans le calcul des revenus ou bénéfices étrangers pertinents, comprend tout allégement qui découle du paiement et qui a un effet équivalent à une déduction, notamment : a) une exonération ou une exclusion dans le calcul des revenus ou bénéfices étrangers pertinents; b) un remboursement ou un crédit qui peut être appliqué pour réduire ou compenser l’impôt sur le revenu ou sur les bénéfices payé ou payable à un gouvernement d’un pays étranger relativement aux revenus ou bénéfices étrangers pertinents. (deductible) dispositif hybride S’entend de l’un des dispositifs ci-après duquel un paiement découle : a) un dispositif d’instrument financier hybride; b) un dispositif de transfert hybride; c) un dispositif de paiement par substitution. (hybrid mismatch arrangement) A B C D E × F where G × H where dispositif structuré Opération ou série d’opérations pour laquelle les conditions ci-après sont réunies : a) l’opération ou la série comprend un paiement qui donne lieu à une asymétrie de déduction/non-inclusion; b) compte tenu de l’ensemble des faits et circonstances, notamment les modalités de l’opération ou de la série, il est raisonnable de considérer que, selon le cas : (i) la totalité ou une partie d’un avantage économique découlant de l’asymétrie de déduction/non-inclusion est reflétée dans l’établissement de l’opération ou de la série, (ii) l’opération ou la série est par ailleurs, directement ou indirectement, conçue afin de donner lieu à une asymétrie de déduction/non-inclusion. (structured arrangement) entité S’entend au sens du paragraphe 95(1). (entity) entité déterminée Relativement à une autre entité à un moment donné, s’entend d’une entité, compte tenu des règles énoncées au paragraphe (17), si, selon le cas : a) l’entité donnée, à ce moment donné, soit seule, soit avec des entités avec lesquelles elle a un lien de dépendance, détient directement ou indirectement des participations au capital dans l’autre entité qui, relativement à chacune de celles-ci, selon le cas : (i) confèrent au moins 25 % des voix pouvant être exprimées à une assemblée annuelle des actionnaires, si cette autre entité est une société, (ii) représentent au moins 25 % de la juste valeur marchande de l’ensemble des participations au capital dans cette autre entité; b) la condition énoncée à l’alinéa a) serait remplie si, à cet alinéa, la mention « entité donnée » était remplacée par la mention « autre entité » et si la mention « autre entité » était remplacée par la mention « entité donnée »; c) une troisième entité, à ce moment donné, soit seule, soit avec des entités avec lesquelles elle a un lien de dépendance, détient directement ou indirectement des participations au capital dans l’entité donnée et dans l’autre entité qui, relativement à chacune de celles-ci, selon le cas : F is I + E where (ii) in any other case, 1. (revenu ordinaire canadien) (a) an exemption or exclusion in computing the relevant foreign income or profits; and (a) a share of the capital stock of a corporation; (d) any similar interest in respect of any entity. (participation au capital) (i) confèrent au moins 25 % des voix pouvant être exprimées à l’assemblée annuelle des actionnaires, si l’entité donnée ou l’autre entité, selon le cas, est une société, (ii) représentent au moins 25 % de la juste valeur marchande de l’ensemble des participations au capital dans l’entité donnée ou l’autre entité, selon le cas. (specified entity) instrument financier S’entend : a) d’une dette; b) d’une participation au capital ou de tout droit qui peut raisonnablement être considéré comme découlant d’un droit de participation aux bénéfices ou aux gains d’une entité; c) de tout autre disposition donnant lieu à un rendement financier ou de capitaux propres. (financial instrument) montant de l’asymétrie hybride Relativement à un paiement, s’entend de l’un des montants suivants : a) si le paiement découle d’un dispositif d’instrument financier hybride, le montant de l’asymétrie d’instrument financier hybride relativement au paiement; b) si le paiement découle d’un dispositif de transfert hybride, le montant de l’asymétrie de transfert hybride relativement au paiement; c) si le paiement découle d’un dispositif de paiement par substitution, le montant de l’asymétrie de paiement par substitution relativement au paiement. (hybrid mismatch amount) opération Sont assimilés aux opérations les arrangements et les événements. (transaction) paiement Comprend toute somme ou tout avantage qu’une entité a l’obligation de payer à une entité, de porter à son crédit ou de lui conférer, dans l’immédiat ou pour l’avenir et conditionnellement ou non. (payment) paiement compensatoire (courtier) exonéré Paiement, à la fois : a) qui représente un paiement compensatoire (courtier) (au sens du paragraphe 260(1)); Income Tax PART I Income Tax DIVISION B Computation of Income
For the purpose of the definition share of the capital stock of a family farm or fishing corporation in subsection (10), the fair market value of a net income stabilization account is deemed to be nil.
(A) the registered securities dealer, or (I) the particular country, b) qu’un courtier en valeurs mobilières inscrit résidant au Canada reçoit, en compensation d’un dividende imposable versé sur une action du capital-actions d’une société publique, d’une société non résidente (appelée « société affiliée » dans la présente définition) qui, au moment où le paiement est reçu, à la fois : (i) est une société étrangère affiliée contrôlée : (A) soit du courtier en valeurs mobilières inscrit, (B) soit d’un autre contribuable ayant un lien de dépendance avec le courtier en valeurs mobilières inscrit, (ii) a une présence importante sur les marchés d’un pays étranger donné, (iii) fait le paiement dans le cours normal d’une entreprise d’opérations sur valeurs, si, à la fois : (A) elle exploite l’entreprise en tant que banque étrangère (au sens du paragraphe 95(1)), société de fiducie, caisse de crédit, compagnie d’assurance ou négociant en valeurs mobilières, (B) les activités de l’entreprise sont réglementées en vertu des lois, selon le cas : (I) du pays donné, (II) d’un autre pays sous le régime des lois duquel la société affiliée est régie et, selon le cas, existe, a été constituée ou organisée (sauf si elle a été prorogée dans un territoire quelconque) ou a été prorogée le dernier des fois et de chaque pays où l’entreprise est exploitée par l’intermédiaire d’un établissement stable, (III) si la société affiliée est liée à une société, un autre pays sous le régime des lois duquel la société liée est régie et, selon le cas, existe, a été constituée ou organisée (sauf si elle a été prorogée dans un territoire quelconque) ou a été prorogée le dernier des fois et les lois sont reconnues par les lois du pays où l’entreprise est principalement exploitée et où les sociétés sont toujours membres de l’Union européenne, (iv) mène les activités de l’entreprise, directement ou indirectement, à la fois : (A) principalement avec des personnes qui, à la fois : Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this section and, where a provision of this section (other than this subsection) applies, for the purposes of sections 13 and 20 (but not for the purposes of any regulation made for the purpose of paragraph 20(1)(a)), (a) the capital cost to a taxpayer of depreciable property of a prescribed class disposed of immediately before the taxpayer’s death, or (b) the capital cost to a trust, to which subsection 70(9.1) applies, of depreciable property of a prescribed class disposed of immediately before the death of the spouse or common-law partner described in that subsection, shall, in respect of property that was not disposed of by the taxpayer or the trust before that time, be the amount that it would be if subsection 13(7) were read without reference to
(c) does not arise under, or in connection with, a structured arrangement. (paiement compensatoire (courtier) exonéré) (a) a debt; Impôt sur le revenu
Where 2 or more depreciable properties of a prescribed class are disposed of at the same time as a consequence of a taxpayer’s death, this section and paragraph (a) of the definition cost amount in subsection 248(1) apply as if each property so disposed of were separately disposed of in the order designated by the taxpayer’s legal representative or, in the case of a trust described in subsection 70(9.1), by the trust and, where the taxpayer’s legal representative or the trust, as the case may be, does not designate an order, in the order designated by the Minister. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] Reserves, etc., for year of death
(a) paragraph 20(1)(n) does not apply to allow, in computing the income of the taxpayer for the year from a business, the deduction of any amount as a reserve in respect of property sold in the course of the business; (b) no amount is deductible under subsection 32(1) as a reserve in respect of unearned commissions in computing the taxpayer’s income for the year; (c) no amount may be deducted under subparagraph 40(1)(a)(iii), paragraph 40(1.01)(c) or subparagraph 44(1)(e)(iii) in computing any gain of the taxpayer for the year; (d) subsection 64(1) does not apply to allow, in computing the income of the taxpayer for the year, the deduction of any amount as a reserve in respect of the disposition of any property; and (e) subsection 64.1(1) does not apply to allow, in computing the income of the taxpayer for the year, the deduction of any amount as a reserve in respect of the disposition of any property. Election by legal representative and transferee re reserves
Where property of a taxpayer that is a right to receive any amount has, on or after the death of the taxpayer and as a consequence thereof, been transferred or distributed to the taxpayer’s spouse or common-law partner described in paragraph 70(6)(a) or to a trust described in paragraph 70(6)(b) (in this subsection referred to as the “transferee”), if the taxpayer was resident in Canada immediately before the taxpayer’s death and the taxpayer’s legal representative and the transferee have executed jointly an election in respect of the property in prescribed form, (a) any amount in respect of the property that would, but for paragraph 72(1)(a), (b), (d) or (e), as the case may be, have been deductible as a reserve in computing the taxpayer’s income for the taxation year in which the taxpayer died shall, (i) notwithstanding subsection 72(1), be deducted in computing the taxpayer’s income for the taxation year in which the taxpayer died, (ii) be included in computing the transferee’s income for the transferee’s first taxation year ending after the death of the taxpayer, and (A) an amount that has been included in computing the transferee’s income from a business for a previous year in respect of property sold in the course of the business, (B) an amount that has been included in computing the transferee’s income for a previous year as a commission in respect of an insurance contract, other than a life insurance contract, (C) an amount that by virtue of subsection 59(1) has been included in computing the transferee’s income for a preceding taxation year, or (D) for the purposes of subsection 64(1.1), an amount that by virtue of paragraph 59.3(2)(c) has been included in computing the transferee’s income for a preceding taxation year and to be an amount deducted by the transferee pursuant to paragraph 64(1.1)(a) in computing the transferee’s income for the transferee’s last taxation year ending before the death, as the case may be; (b) any amount in respect of the property that could, but for paragraph 72(1)(c), have been claimed under subparagraph 40(1)(a)(iii) or 44(1)(e)(iii) in computing the amount of any gain of the taxpayer for the year shall, (i) notwithstanding paragraph 72(1)(c), be deemed to have been so claimed, and (ii) for the purpose of computing the transferee’s income for the transferee’s first taxation year ending after the death of the taxpayer and any subsequent taxation year, be deemed to have been (A) proceeds of the disposition of capital property disposed of by the transferee in that first taxation year, and (B) the amount determined under subparagraph 40(1)(a)(i) or 44(1)(e)(i), as the case may be, in respect of the capital property referred to in clause (A); and (c) notwithstanding paragraphs 72(2)(a) (b), where any property had been disposed of by the taxpayer, in computing the income of the transferee for any taxation year ending after the death of the taxpayer, (i) the amount of the transferee’s deduction under paragraph 20(1)(n) as a reserve in respect of the property sold in the course of business, (iii) the amount of the transferee’s deduction under section 64 as a reserve in respect of the disposition of the property shall be computed as if the transferee were the taxpayer who had disposed of the property and as if the property were disposed of by the transferee at the time it was disposed of by the taxpayer. Inter vivos transfers by individuals
(a) to have been disposed of at that time by the individual for proceeds equal to, (i) where the particular property is depreciable property of a prescribed class, that proportion of the undepreciated capital cost to the individual immediately before that time of all property of that class that the fair market value immediately before that time of the particular property is of the fair market value immediately before that time of all of that property of that class, and (ii) in any other case, the adjusted cost base to the individual of the particular property immediately before that time; and (b) to have been acquired at that time by the transferee for an amount equal to those proceeds. Qualifying transfers (1.01) Subject to subsection (1.02), property is transferred by an individual in circumstances to which this subsection applies where it is transferred to (b) a former spouse or common-law partner of the individual in settlement of rights arising out of their marriage or common-law partnership; or (c) a trust created by the individual under which (i) the individual’s spouse or common-law partner is entitled to receive all of the income of the trust that arises before the spouse’s or common-law partner’s death and no person except the spouse or common-law partner may, before the spouse’s or common-law partner’s death, receive or otherwise obtain the use of any of the income or capital of the trust, or (ii) the individual is entitled to receive all of the income of the trust that arises before the individual’s death and no person except the individual may, before the individual’s death, receive or otherwise obtain the use of any of the income or capital of the trust, or (A) the individual or the individual’s spouse is, in combination with the other, entitled to receive all of the income of the trust that arises before the later of the death of the individual and the death of the spouse and no other person may, before the later of those deaths, receive or otherwise obtain the use of any of the income or capital of the trust, or (B) the individual or the individual’s common-law partner is, in combination with the other, entitled to receive all of the income of the trust that arises before the later of the death of the individual and the death of the common-law partner and no other person may, before the later of Exception for transfers (1.02) Subsection (1.01) applies to a transfer of property by an individual to a trust the terms of which satisfy the conditions in subparagraph (1.01)(c)(ii) or (iii) only where (a) the trust was created after 1999; (i) the individual had attained 65 years of age at the time the trust was created, or (ii) the transfer does not result in a change in beneficial ownership of the property and there is immediately after the transfer no absolute or contingent right of a person (other than the individual) or partnership as a beneficiary (determined with reference to subsection 104(1.1)) under the trust; and (c) in the case of a trust the terms of which satisfy the conditions in subparagraph (1.01)(c)(ii), the trust does not make an election under subparagraph 104(4)(a)(ii.1). (1.1) For greater certainty, a property is, for the purposes of subsections (1) and (1.01), deemed to be property of the individual referred to in subsection (1) that has been transferred to a particular transferee where, (a) under the laws of a province or because of a decree, order or judgment of a competent tribunal made in accordance with those laws, the property (i) is acquired or is deemed to have been acquired by the particular transferee, (ii) is deemed or declared to be property of, or is awarded to, the particular transferee, or (iii) has vested in the particular transferee; and (b) the property was or would, but for those laws, have been a capital property of the individual referred to in subsection (1). Capital cost and amount deemed allowed to spouse, etc., or trust
(I) n’ont aucun lien de dépendance avec la société affiliée, (II) résident dans le pays donné ou y exploitent une entreprise par l’intermédiaire d’un établissement stable, (B) font concurrence avec d’autres entités qui, à la fois : (I) n’ont aucun lien de dépendance avec la société affiliée, (II) ont une présence importante sur les marchés du pays donné; c) qui ne découle pas d’un dispositif structuré ou ne s’y rapporte pas. (exempt dealer compensation payment) participation au capital S’entend : a) d’une action du capital-actions d’une société; b) d’une participation à titre de bénéficiaire d’une fiducie; c) d’une participation à titre d’associé d’une société de personnes; d) d’une participation semblable relativement à une entité. (equity interest) payeur S’agissant d’un paiement, comprend toute entité qui a l’obligation de payer à une entité, de porter à son crédit ou de lui conférer le paiement, dans l’immédiat ou pour l’avenir et conditionnellement ou non. (payer) régime fiscal des sociétés étrangères contrôlées S’entend d’un ensemble de dispositions des lois fiscales d’un pays donné, autre que le Canada, en vertu desquelles un actionnaire direct ou indirect d’une entité qui se trouve dans ce pays est assujetti à l’impôt courant relativement à sa part sur la totalité ou une partie du revenu de l’entité, que ce revenu ait été ou non distribué à l’actionnaire. (controlled foreign company tax regime) régime fiscal minimum déterminé S’entend, selon le cas, des : a) dispositions relatives au revenu mondial incorporé faiblement imposé (global intangible low-taxed income) au sens de l’article 951A de la loi des États-Unis intitulée Internal Revenue Code of 1986 avec ses modifications successives; (ii) the Global Anti-Base Erosion Model Rules set out in Tax Challenges Arising from the Digitalisation of the Economy – Global Anti-Base Erosion Model Rules (Pillar Two), published by the Organisation for Economic Co-operation and Development. (règle étrangère de restriction des dépenses) A – B – C – D – E – F where B is b) dispositions des lois fiscales d’un pays qui peuvent raisonnablement être considérées comme édictées ou mises en vigueur par le pays dans le but de mettre en œuvre, en tout ou en partie, les Règles globales anti-érosion de la base d’imposition énoncées dans Les défis fiscaux soulevés par la numérisation de l’économie – Règles globales anti-érosion de la base d’imposition (Pilier Deux), publiées par l’Organisation de coopération et de développement économiques; règle étrangère d’asymétrie hybride S’entend d’une disposition des lois fiscales d’un pays étranger qui peut raisonnablement être considérée, selon le cas : a) comme ayant un effet substantiellement semblable à celui d’une disposition de la présente section, de l’article 12.7 ou du paragraphe 113(5); b) comme étant édictée ou mise en vigueur par le pays dans le but de mettre en œuvre, en tout ou en partie, le rapport intitulé Neutraliser les effets des dispositifs hybrides, Action 2 – Rapport final 2015 de l’Organisation de coopération et de développement économiques publié avec ses modifications successives. (foreign hybrid mismatch rule) règle étrangère de restriction des dépenses S’entend d’une disposition des lois fiscales d’un pays étranger qui peut raisonnablement être considérée, selon le cas : a) ayant un effet, ou étant destinée à avoir un effet, substantiellement semblable aux paragraphes 18(4) ou 18.2(2); b) comme étant édictée ou mise en vigueur par le pays dans le but de mettre en œuvre, en tout ou en partie, (i) l’une des recommandations énoncées dans Limiter l’érosion de la base d’imposition faisant intervenir les déductions d’intérêts et d’autres frais financiers Action 4 – Version actualisée 2016, publiées par l’Organisation de coopération et de développement économiques, (ii) les Règles globales anti-érosion de la base d’imposition énoncées dans Les défis fiscaux soulevés par la numérisation de l’économie – Règles Income Tax PART I Income Tax DIVISION B Computation of Income
If a transferee is deemed by subsection (1) to have acquired any particular depreciable property of a prescribed class of a taxpayer for an amount determined under paragraph (1)(b) and the capital cost to the taxpayer of the particular property exceeds the amount determined under that paragraph, in applying sections 13 and 20 and any regulations made under paragraph 20(1)(a) (a) the capital cost to the transferee of the particular property is deemed to be the amount that was the capital cost to the taxpayer of the particular property; and (b) the excess is deemed to have been allowed to the transferee in respect of the particular property under regulations made under paragraph 20(1)(a) in computing income for taxation years before the acquisition of the particular property.
(A – C – D) × G + H where (A – C – D – E) × (1 – I + J) where Impôt sur le revenu
Subsection (3.1) applies to a taxpayer and a child of the taxpayer in respect of property that has been transferred, at any time, by the taxpayer to the child, where (a) the property was, before the transfer, land in Canada or depreciable property in Canada of a prescribed class, of the taxpayer; (b) the child of the taxpayer was resident in Canada immediately before the transfer; and (c) the property has been used principally in a farming or fishing business in which the taxpayer, the taxpayer’s spouse or common-law partner, a child of the taxpayer or a parent of the taxpayer was actively engaged on a regular and continuous basis (or, in the case of property used in the operation of a woodlot, was engaged to the extent required by a prescribed forest management plan in respect of that woodlot). (3.1) If, because of subsection (3), this subsection applies to the taxpayer and a child of the taxpayer in respect of a property transferred by the taxpayer to the child of the taxpayer, the following rules apply: (a) where, immediately before the transfer, the property was depreciable property of a prescribed class, the taxpayer is deemed to have disposed of the property at the time of the transfer, for proceeds of disposition equal to (i) in any case to which neither subparagraph (ii) nor (iii) applies, the taxpayer’s proceeds of disposition otherwise determined, (ii) the greater of the amounts referred to in clauses (A) and (B), if the taxpayer’s proceeds of disposition otherwise determined exceed the greater of (A) the fair market value of the property immediately before the time of the transfer, and (I) the capital cost to the taxpayer of the property, and (II) the amount, determined immediately before the time of the disposition of the property, that is that proportion of the undepreciated capital cost of property of that class to the taxpayer that the capital cost to the taxpayer of the property is of the capital cost to the taxpayer of all property of that class that had not, at or before that time, been disposed of, or (iii) if the taxpayer’s proceeds of disposition otherwise determined are less than the lesser of the amounts referred to in clauses (ii)(A) and (B), the lesser of those amounts; (b) where the property transferred was land, the taxpayer is deemed to have disposed of the property at the time of the transfer for proceeds of disposition equal to, (i) in any case to which neither subparagraph (ii) nor (iii) applies, the taxpayer’s proceeds of disposition otherwise determined, (ii) the greater of the amounts referred to in clauses (A) and (B), if the taxpayer’s proceeds of disposition otherwise determined exceed the greater of (A) the fair market value of the land immediately before the time of the transfer, and (B) the adjusted cost base to the taxpayer of the land immediately before the time of the transfer, (iii) if the taxpayer’s proceeds of disposition otherwise determined are less than the lesser of the amounts referred to in clauses (ii)(A) and (B), the lesser of those amounts; (e) the child is deemed to have acquired the property at a cost equal to the taxpayer’s proceeds of disposition in respect of the disposition of the property determined under (i) where the property is depreciable property of the taxpayer, paragraph (a), and (ii) where the property is land of the taxpayer, paragraph (b); and (h) where the property is depreciable property of a prescribed class of the taxpayer and the capital cost to the taxpayer of the property exceeds the cost to the child of the property, for the purposes of sections 13 and 20 and any regulations made under paragraph 20(1)(a), (i) the capital cost to the child of the property is deemed to be the amount that was the capital cost to the taxpayer of the property immediately before the transfer, and (ii) the excess is deemed to have been allowed to the child as a deduction in respect of the property under regulations made under paragraph 20(1)(a) in computing income for taxation years that ended before the child acquired the property.
Subsection (4.1) applies to a taxpayer and a child of the taxpayer in respect of property that has been transferred, at any time, to the child if (a) the child was resident in Canada immediately before the transfer; and (b) the property was, immediately before the transfer, a share of the capital stock of a family farm or fishing corporation of the taxpayer or an interest in a family farm or fishing partnership of the taxpayer (as defined in subsection 70(10)). Inter vivos transfer of family farm or fishing corporations and partnerships (4.1) If, because of subsection (4), this subsection applies to the taxpayer and the taxpayer’s child in respect of the transfer of the property by the taxpayer to the child, (a) subject to paragraph (c), where the property was, immediately before the transfer, a share of the capital stock of a family farm or fishing corporation of the taxpayer or an interest in a family farm or fishing partnership of the taxpayer, the taxpayer is deemed to have disposed of the property at the time of the transfer for proceeds of disposition equal to, (i) in any case to which neither subparagraph (ii) nor (iii) applies, the taxpayer’s proceeds of disposition otherwise determined, (ii) the greater of the amounts referred to in clauses (A) and (B), if the taxpayer’s proceeds of disposition otherwise determined exceed the greater of (A) the fair market value of the property immediately before the time of the transfer, and (B) the adjusted cost base to the taxpayer of the property immediately before the time of the transfer, or (iii) if the taxpayer’s proceeds of disposition otherwise determined are less than the lesser of the amounts referred to in clauses (ii)(A) and (B), the lesser of those amounts; (b) subject to paragraph (c), where the property is, immediately before the transfer, a share of the capital stock of a family farm or fishing corporation of the taxpayer or an interest in a family farm or fishing partnership of the taxpayer, the child is deemed to have acquired the property for an amount equal to the taxpayer’s proceeds of disposition in respect of the disposition of the property determined under paragraph (a); (c) where the property is, immediately before the transfer, an interest in a family farm or fishing partnership of the taxpayer (other than a partnership interest to which subsection 100(3) applies), the taxpayer receives no consideration in respect of the transfer of the property and the taxpayer elects, in the taxpayer’s return of income under this Part for the taxation year which includes the time of the transfer, to have this paragraph apply in respect of the transfer of the property, (i) the taxpayer is, except for the purpose of paragraph 98(5)(b), deemed not to have disposed of the property at the time of the transfer, (ii) the child is deemed to have acquired the property at the time of the transfer at a cost equal to the cost to the taxpayer of the interest immediately before the transfer, and (iii) each amount required by subsection 53(1) or (2) to be added or deducted in computing the adjusted cost base to the taxpayer, immediately before the transfer, of the property is deemed to be an amount required by subsection 53(1) or (2) to be added or deducted in computing at any time at or after the time of the transfer, the adjusted cost base to the child of the property; and
Where at any time a taxpayer disposes of an interest in the taxpayer’s NISA Fund No. 2, an amount equal to the balance in the fund so disposed of shall be deemed to have been paid out of the fund at that time to the taxpayer except that, (a) where the interest is disposed of to the taxpayer’s spouse or common-law partner, former spouse or common-law partner or an individual referred to in paragraph 73(1)(d) (as it applies to transfers of property that occurred before 1993) in settlement of rights arising out of their marriage or common-law partnership, on or after the breakdown of the marriage or common-law partnership, that amount shall not be deemed to have been paid to the taxpayer if (i) the disposition is made under a decree, order or judgment of a competent tribunal or, in the case of a spouse or common-law partner or former spouse or common-law partner, a written separation agreement, and (ii) the taxpayer elects in the taxpayer’s return of income under this Part for the taxation year in which the property was disposed of to have this paragraph apply to the disposition; and (b) where the interest is disposed of to a taxable Canadian corporation in a transaction in respect of which an election is made under section 85, an amount equal to the proceeds of disposition in respect of that interest shall be deemed to be paid, at that time, to the taxpayer out of the taxpayer’s NISA Fund No. 2.
The definitions in subsection 70(10) apply to this section. Transfers and loans to spouse or common-law partner
globales anti-érosion de la base d’imposition (Pilier Deux), publiées par l’Organisation de coopération et de développement économiques. (foreign expense restriction rule) rendement financier ou de capitaux propres S’entend d’un paiement qu’il est raisonnable de considérer comme se rapportant à l’un des éléments ci-après ou déterminé en fonction de ceux-ci : a) les revenus, les bénéfices, les flux de trésorerie, le prix des marchandises ou tout autre critère semblable; b) les dividendes versés ou payables aux actionnaires d’une catégorie d’actions du capital-actions de la société, le revenu ou le capital payé ou payable à tout associé d’une société de personnes ou à tout bénéficiaire d’une fiducie, ou toute distribution relativement à toute entité; c) une somme d’intérêts, à titre de paiement intégral ou partiel d’intérêts, ou une somme versée ou comptabilisée en compensation pour l’utilisation de l’argent. (equity or financing return) revenu ordinaire canadien Relativement à un contribuable pour une année d’imposition relativement à un paiement, un montant qui est, selon le cas : a) si le contribuable n’est pas une société de personnes, inclus relativement au paiement dans le calcul, pour un contribuable résidant au Canada, de son revenu pour l’application de la présente partie, ou pour un contribuable qui est une personne non-résidente, de son revenu imposable gagné au Canada, pour l’année, sauf dans la mesure où, selon le cas : (i) le montant est inclus dans le revenu ordinaire canadien d’un contribuable en vertu des alinéas b) ou c), (ii) le contribuable a droit à une déduction en vertu des articles 112 ou 113 relativement au paiement, (iii) il est par ailleurs raisonnable de considérer que tout ou partie du montant est exclu, réduit, compensé ou autrement à l’abri de l’impôt en vertu de la présente partie en raison d’une exemption, d’une exclusion, d’une déduction, d’un crédit (sauf un crédit pour un impôt substantiellement semblable à l’impôt en vertu de la partie XIII) ou une autre forme d’allégement prévue par la présente loi qui : (A) soit s’applique particulièrement à la totalité ou à une partie du montant et non au calcul du revenu de façon générale, (c) if the payment arises under a substitute payment arrangement, the amount of the substitute payment mismatch in respect of the payment. (montant de l’asymétrie hybride) (B) soit déduite du paiement; b) si le contribuable est une société de personnes, obtenu par la formule suivante : A × B ÷ C − D où : A représente un montant qui est inclus relativement au paiement dans le calcul du revenu ou de la perte de la société de personnes, tiré d’une source quelconque ou de sources situées dans un endroit donné, pour l’année, sauf dans la mesure où : (i) soit le montant est inclus dans le revenu ordinaire canadien d’un contribuable en vertu de l’alinéa c), (ii) soit il est raisonnable de le considérer comme exclu, réduit, compensé ou autrement à l’abri de l’impôt pour l’un ou l’autre des motifs visés au sous-alinéa a)(iii), B le total des sommes dont chacune représente, relativement au revenu ou à la perte de la société de personnes tiré de la source ou des sources situées dans un endroit donné pour l’année, selon le cas : (i) la part d’un associé de la société de personnes qui est une personne résidant au Canada, (ii) la part d’un associé de la société de personnes qui est une personne non-résidente, dans la mesure où elle est incluse dans le calcul du revenu imposable de la personne non-résidente gagné au Canada, C le revenu ou la perte de la société de personnes tiré de la source, ou des sources, située dans un endroit donné, pour l’année, D le total des sommes représentant chacune une somme déductible, relativement au paiement, par un associé de la société de personnes en vertu des articles 112 ou 113; c) obtenu par la formule suivante : E × F où : E représente la somme obtenue par la formule suivante : G × H où : G représente une somme incluse relativement au paiement dans le calcul du revenu étranger (ii) have 25% or more of the fair market value of all equity interests in the particular entity or the other entity, as the case may be. (entité déterminée) specified minimum tax regime means accumulé, tiré de biens d’une société étrangère affiliée contrôlée du contribuable pour une année d’imposition (au sens du paragraphe 95(1)) de la société affiliée qui se termine dans l’année, sauf dans la mesure où le montant peut raisonnablement être considéré exclu, réduit, compensé ou autrement attribué pour l’un ou l’autre des motifs visés au sous-alinéa a)(iii), H le pourcentage de participation total (au sens du paragraphe 91(1.3)) du contribuable relativement à la société affiliée pour l’année d’imposition de cette dernière, F : (i) si le contribuable est une société de personnes, la somme obtenue par la formule suivante : I + E où : I représente le total des sommes représentant chacune une part des montants inclus dans le montant visé par l’élément E, d’un associé de la société de personnes qui est un particulier résident au Canada, (ii) dans les autres cas, 1. (Canadian ordinary income) revenu ordinaire étranger S’agissant d’une entité pour une année d’imposition étrangère relativement à un paiement, une somme obtenue par la formule suivante : A - B - C - D - E - F où : A représente une somme (appelée « somme pertinente » à la présente définition) qui est incluse relativement au paiement dans le calcul des revenus ou bénéfices étrangers pertinents de l’entité pour l’année (autre que le revenu ou les bénéfices à l’égard desquels l’entité est assujettie à un impôt semblable au même égard que l’impôt en vertu de la partie XIII ou à un impôt en vertu d’un régime fiscal des sociétés étrangères contrôlées ou d’un régime fiscal minimum déterminé) parce que l’entité ou un bénéficiaire du paiement ou détient une participation au capital directement ou indirectement dans un bénéficiaire du paiement; B : a) si la somme pertinente est incluse dans le calcul des revenus ou bénéfices étrangers pertinents à l’égard desquels l’entité est assujettie à l’impôt sur le revenu ou sur les bénéfices qui est prélevé à un taux nul, la somme pertinente, Income Tax PART I Income Tax DIVISION B Computation of Income
Transfers and loans to minors
Impôt sur le revenu
If an individual has transferred or lent property, either directly or indirectly, by means of a trust or by any other means whatever, to or for the benefit of a person who was under 18 years of age (other than an amount received in respect of that person either as a consequence of the operation of subsection 122.61(1) or under section 4 of the Universal Child Care Benefit Act) and who (a) does not deal with the individual at arm’s length, or (b) is the niece or nephew of the individual, any income or loss, as the case may be, of that person for a taxation year from the property or from property substituted for that property, that relates to the period in the taxation year throughout which the individual is resident in Canada, is deemed to be income or a loss, as the case may be, of the individual and not of that person unless that person has, before the end of the taxation year, attained the age of 18 years. Repayment of existing indebtedness
For the purposes of subsections 74.1(1) and (2), where, at any time, an individual has lent or transferred property (in this subsection referred to as the “lent or transferred property”) either directly or indirectly, by means of a trust or by any other means whatever, to or for the benefit of a person, and the lent or transferred property or property substituted therefor is used (a) to repay, in whole or in part, borrowed money with which other property was acquired, or (b) to reduce an amount payable for other property, there shall be included in computing the income from the lent or transferred property, or from property substituted therefor, that is so used, that proportion of the income or loss, as the case may be, derived after that time from the other property or from property substituted therefor that the fair market value at that time of the lent or transferred property, or property substituted therefor, that is so used is of the cost to that person of the other property at the time of its acquisition, but for greater certainty nothing in this subsection shall affect the application of subsections 74.1(1) and (2) to any income or loss derived from the other property or from property substituted therefor. Gain or loss deemed that of lender or transferor
(a) the amount, if any, by which (i) the total of the recipient’s taxable capital gains for the year from dispositions of property (other than listed personal property) that is lent or transferred property or property substituted therefor occurring in the period (in this subsection referred to as the “attribution period”) throughout which the individual is resident in Canada and the recipient is the individual’s spouse or common-law partner (ii) the total of the recipient’s allowable capital losses for the year from dispositions occurring in the attribution period of property (other than listed personal property) that is lent or transferred property or property substituted therefor shall be deemed to be a taxable capital gain of the individual for the year from the disposition of property other than listed personal property; (b) the amount, if any, by which the total determined under subparagraph 74.2(1)(a)(ii) exceeds the total determined under subparagraph 74.2(1)(a)(i) shall be deemed to be an allowable capital loss of the individual for the year from the disposition of property other than listed personal property; (c) the amount, if any, by which (i) the amount that the total of the recipient’s gains for the year from dispositions occurring in the attribution period of listed personal property that is lent or transferred property or property substituted therefor would be if the recipient had at no time owned listed personal property other than listed personal property that was lent or transferred property or property substituted therefor (ii) the amount that the total of the recipient’s losses for the year from dispositions of listed personal property that is lent or transferred property or property substituted therefor would be if the recipient had at no time owned listed personal property other than listed personal property that was lent or transferred property or property substituted therefor, shall be deemed to be a gain of the individual for the year from the disposition of listed personal property; (d) the amount, if any, by which the total determined under subparagraph 74.2(1)(c)(ii) exceeds the total determined under subparagraph 74.2(1)(c)(i) shall be deemed to be a loss of the individual for the year from the disposition of listed personal property; and (e) any taxable capital gain or allowable capital loss or any gain or loss taken into account in computing an amount described in paragraph 74.2(1)(a), 74.2(1)(b), 74.2(1)(c) or 74.2(1)(d) shall, except for the purposes of those paragraphs and to the extent that the amount so described is deemed by virtue of this subsection to be a taxable capital gain or an allowable capital loss or a gain or loss of the individual, be deemed not to be a taxable capital gain or an allowable capital loss or a gain or loss, as the case may be, of the recipient. Deemed gain or loss
Where an amount is deemed by subsection 74.2(1) or 75(2) or section 75.1 of this Act, or subsection 74(2) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, to be a taxable capital gain or an allowable capital loss of an individual for a taxation year, (a) for the purposes of sections 3 and 111, as they apply for the purposes of section 110.6, such portion of the gain or loss as may reasonably be considered to relate to the disposition of a property by another person in the year shall be deemed to arise from the disposition of that property by the individual in the year; and (b) for the purposes of section 110.6, that property shall be deemed to have been disposed of by the individual in the year in which it was disposed of by the other person.
b) dans les autres cas, zéro; C toute partie de la somme pertinente qui est incluse dans le calcul des revenus ou bénéfices étrangers pertinents de l’entité pour l’année par l’effet d’une règle étrangère d’asymétrie hybride sauf toute règle dont l’effet est essentiellement le même que celui obtenu par l’application du paragraphe 113(5); D toute partie de la somme pertinente qui peut raisonnablement être considérée comme exclue, réduite, compensée ou par ailleurs effectivement à l’abri de l’impôt sur le revenu ou sur les bénéfices en application de toute exemption, exclusion, déduction, crédit (autre qu’un crédit pour l’impôt payable en vertu de la partie XIII) ou toute autre formule d’allégement, qui : a) soit s’applique relativement à la totalité ou à une partie de la somme en particulier et non dans le calcul des revenus ou bénéfices étrangers pertinents en général, b) soit découle du paiement; E la somme obtenue par la formule suivante : (A – C – D) × G ÷ H où : G représente le total des sommes représentant chacune une somme qui, selon le cas : (i) remplit les conditions suivantes : (A) elle est remboursée ou remboursable relativement à l’impôt sur le revenu ou les bénéfices payé ou payable par l’entité au gouvernement d’un pays étranger relativement aux revenus ou bénéfices étrangers pertinents pour l’année, (B) elle n’est pas remboursée ou remboursable parce qu’une perte est utilisée pour réduire ou compenser les revenus ou bénéfices étrangers pertinents pour l’année, (ii) elle est payée ou payable relativement à un crédit qui peut raisonnablement être considéré comme réduisant ou compensant, directement ou indirectement, l’impôt sur le revenu ou les bénéfices visé à la division (i)(A), H le montant total de l’impôt sur le revenu ou les bénéfices visé à la division (i)(A) de l’élément G; F la somme obtenue par la formule suivante : (A – C – D – E) × (1 – I + J) où : Income Tax PART I Income Tax DIVISION B Computation of Income
Subsection (1) does not apply to a disposition at any particular time (in this subsection referred to as the “emigration disposition”) under paragraph 128.1(4)(b), by a taxpayer who is a recipient referred to in subsection (1), unless the recipient and the individual referred to in that subsection, in their returns of income for the taxation year that includes the first time, after the particular time, at which the recipient disposes of the property, jointly elect that subsection (1) apply to the emigration disposition.
Interpretation
For the purpose of applying subsection (3) and notwithstanding subsections 152(4) to (5), any assessment of tax payable under this Act by the recipient or the individual referred to in subsection (1) shall be made that it is necessary to make an election under subsection (3) into account except that no such assessment shall affect the computation of (a) interest payable under this Act to or by a taxpayer in respect of any period that is before the taxpayer’s filing-due date for the taxation year that includes the first time, after the particular time referred to in subsection (3), at which the recipient disposes of the property referred to in that subsection; or (b) any penalty payable under this Act. Transfers or loans to a trust
Subsection (4) applies in respect of a payment if Impôt sur le revenu
which another individual who is at any time a designated person in respect of the individual is beneficially interested at any time, the following rules apply: (a) for the purposes of section 74.1, the income of the designated person for a taxation year from the lent or transferred property shall be deemed to be an amount equal to the lesser of (i) the amount in respect of the trust that was included by virtue of paragraph 12(1)(m) in computing the income for the year of the designated person, and (ii) that proportion of the amount that would be the income of the trust for the year from the lent or transferred property or from property substituted therefor if no deduction were made under subsection 104(6) or (12) that (A) the amount determined under subparagraph 74.3(1)(a)(i) in respect of the designated person for the year is of (B) the total of all amounts each of which is an amount determined under subparagraph 74.3(1)(a)(i) for the year in respect of the designated person or any other person who is throughout the year a designated person in respect of the individual; and (b) for the purposes of section 74.2, an amount equal to the lesser of (i) the amount that was designated under subsection 104(21) in respect of the designated person in the trust’s return of income for the year, and (ii) the amount, if any, by which (A) the total of all amounts each of which is a taxable capital gain for the year from the disposition by the trust of the lent or transferred property or property substituted therefor (B) the total of all amounts each of which is an allowable capital loss for the year from the disposition by the trust of the lent or transferred property or property substituted therefor, shall be deemed to be a taxable capital gain of the designated person for the year from the disposition of property (other than listed personal property) that is lent or transferred property. Definition of designated person
In this section, designated person, in respect of an individual, has the meaning assigned by subsection 74.5(5). excluded consideration, at any time, means consideration received by an individual that is (b) a share of the capital stock of a corporation, or Transfers and loans to corporations
Where an individual has transferred or lent property, either directly or indirectly, by means of a trust or by any other means whatever, to a corporation and one of the main purposes of the transfer or loan may reasonably be considered to be to reduce the income of the individual and to benefit, either directly or indirectly, by means of a trust or by any other means whatever, a person who is a designated person in respect of the individual, in computing the income of the individual for any taxation year that includes a period after the loan or transfer throughout which (a) the person is a designated person in respect of the individual and would have been a specified shareholder of the corporation if the definition specified shareholder in subsection 248(1) were read without reference to paragraphs (a) and (d) of that definition and if the reference therein to “any other corporation that is related to the corporation” were read as a reference to “any other corporation (other than a small business corporation) that is related to the corporation”, (b) the individual was resident in Canada, and (c) the corporation was not a small business corporation, the individual shall be deemed to have received as interest in the year the amount, if any, by which (d) the amount that would be interest on the outstanding amount of the loan or transfer of the property for such periods in the year if the interest were computed thereon at the prescribed rate of interest for such periods exceeds the total of (e) any interest received in the year by the individual in respect of the transfer or loan (other than amounts deemed by this subsection to be interest), (f) all amounts included in the individual’s income for the taxation year pursuant to subsection 82(1) or 90(1) in respect of taxable dividends received (other than dividends deemed by section 84 to have been received) by the individual in the year on shares that were received from the corporation as consideration for the transfer or as repayment for the loan that were excluded consideration at the time the dividends were received or on shares substituted therefor that were excluded consideration at that time, and (g) where the designated person is a specified individual in relation to the year, the amount required to be included in computing the designated person’s income for the year in respect of all taxable dividends received by the designated person that (i) can reasonably be considered to be part of the benefit sought to be conferred, and (ii) are included in computing the designated person’s split income for any taxation year. Outstanding amount
For the purposes of subsection 74.4(2), the outstanding amount of a transferred property or loan at a particular time is (a) in the case of a transfer of property to a corporation, the amount, if any, by which the fair market value of the property at the time of the transfer exceeds the total of (i) the fair market value, at the time of the transfer, of the consideration (other than consideration that is excluded consideration at the particular time) received by the transferor for the property, and (ii) the fair market value, at the time of receipt, of any consideration (other than consideration that is excluded consideration at the particular time) received by the transferor at or before the particular time from the corporation or from a person with whom the transferor deals at arm’s length, in exchange for excluded consideration previously received by the transferor as consideration for the property or for excluded consideration substituted for such consideration; (b) in the case of a loan of money or property to a corporation, the amount, if any, by which (i) the principal amount of the loan of money at the time the loan was made, or (ii) the fair market value of the property lent at the time the loan was made, as the case may be, exceeds the fair market value, at the time the repayment is received by the lender, of any repayment of the loan (other than a repayment that is excluded consideration at the particular time). Benefit not granted to a designated person
Interprétation
For the purposes of subsection 74.4(2), one of the main purposes of a transfer or loan by an individual to a corporation shall not be considered to be to benefit, either directly or indirectly, a designated person in respect of the individual, where (a) the only interest that the designated person has in the corporation is a beneficial interest in shares of the corporation held by a trust; (b) by the terms of the trust, the designated person may not receive or otherwise obtain the use of any of the income or capital of the trust while being a designated person in respect of the individual; and (c) the designated person has not received or otherwise obtained the use of any of the income or capital of the trust, and no deduction has been made by the trust in computing its income under subsection 104(6) or (12) in respect of amounts paid or payable to, or included in the income of, that person while being a designated person in respect of the individual. [NOTE: Application provisions are not included in the consolidated text see relevant amending Acts and regulations.] Transfers for fair market consideration
Le présent article, l’article 12.7 et le paragraphe 113(5), ainsi que les dispositions connexes de la loi et du Règlement de l’impôt sur le revenu, traitent de la mise en œuvre du rapport Neutraliser les effets des dispositifs hybrides, Action 2 – Rapport final 2015 de l’Organisation de coopération et de développement économiques et, sauf si le contexte exige, ils doivent être interprétés conformément à ce rapport, avec ses modifications successives. Règle primaire — conditions d’application
taxation year from transferred property or from property substituted therefor if (a) at the time of the transfer the fair market value of the transferred property did not exceed the fair market value of the property received by the transferor as consideration for the transferred property; (b) where the consideration received by the transferor included indebtedness, (i) interest was charged on the indebtedness at a rate equal to or greater than the lesser of (A) the prescribed rate that was in effect at the time the indebtedness was incurred, and (B) the rate that would, having regard to all the circumstances, have been agreed on, at the time the indebtedness was incurred, between parties dealing with each other at arm’s length, (ii) the amount of interest that was payable in respect of the particular year in respect of the indebtedness was paid not later than 30 days after the end of the particular year, and (iii) the amount of interest that was payable in respect of each taxation year preceding the particular year in respect of the indebtedness was paid not later than 30 days after the end of each such taxation year; and (c) where the property was transferred to or for the benefit of the transferor’s spouse or common-law partner, the transferor elected in the transferor’s return of income under this Part for the taxation year in which the property was transferred not to have the provisions of subsection 73(1) apply.
Le paragraphe (4) s’applique relativement à un paiement si les énoncés ci-après se vérifient : a) en l’absence du présent article et des paragraphes 18(4) et 18.2(2), un montant serait déductible, relativement au paiement, dans le calcul du revenu d’un contribuable tiré d’une entreprise ou d’un bien pour une année d’imposition; b) ce montant correspond à la composante de déduction d’un dispositif hybride dont découle le paiement. Règle primaire — conséquences
Notwithstanding any other provision of this Act, subsections 74.1(1) and (2) and section 74.2 do not apply to any income, gain or loss derived in a particular taxation year from lent property or from property substituted therefor if (a) interest was charged on the loan at a rate equal to or greater than the lesser of (i) the prescribed rate that was in effect at the time the loan was made, and (ii) the rate that would, having regard to all the circumstances, have been agreed on, at the time the loan was made, between parties dealing with each other at arm’s length; (b) the amount of interest that was payable in respect of the particular year in respect of the loan was paid not later than 30 days after the end of the particular year; and (c) the amount of interest that was payable in respect of each taxation year preceding the particular year in respect of the loan was paid not later than 30 days after the end of each such taxation year.
Si le présent paragraphe s’applique relativement à un paiement, malgré toute autre disposition de la présente loi, dans le calcul du revenu d’un contribuable tiré d’une entreprise ou d’un bien pour une année d’imposition, aucune déduction ne peut être faite relativement au paiement jusqu’à concurrence du montant de l’asymétrie hybride relativement au paiement. Dispositifs structurés — exception
Notwithstanding subsection 74.1(1) and section 74.2, where an individual has lent or transferred property, either directly or indirectly, by means of a trust or by any other means whatever, to or for the benefit of a person who is the individual’s spouse or common-law partner or who has since become the individual’s spouse or common-law partner, (a) subsection 74.1(1) does not apply with respect to any income or loss from the property, or property substituted therefor, that relates to the period throughout which the individual is living separate and apart from that person by reason of a breakdown of their marriage or common-law partnership; and (b) section 74.2 does not apply to a disposition of the property, or property substituted therefor, occurring at any time while the individual is living separate and apart from that person because of a breakdown of their marriage or common-law partnership, if an election completed jointly with that person not to have that section apply is filed with the individual’s return of income under this Part for the taxation year that includes that time or for any preceding taxation year.
Si, en l’absence du présent paragraphe, les paragraphes (4) ou 12.7(3) s’appliqueraient relativement à un paiement dans le calcul du revenu d’un contribuable tiré d’une entreprise ou d’un bien pour une année (iii) a specified entity in respect of the taxpayer; and Deduction/non-inclusion mismatch — conditions A > B where Income Tax PART I Income Tax DIVISION B Computation of Income
No amount shall be included in computing the income of an individual under subsection 74.4(2) in respect of a designated person in respect of the individual who is the spouse or common-law partner of the individual for any period throughout which the individual is living separate and apart from the designated person by reason of a breakdown of their marriage or common-law partnership. Definition of designated person
C > D where Deduction/non-inclusion mismatch — application A - B where A is Impôt sur le revenu
For the purposes of this section, designated person, in respect of an individual, means a person (a) who is the spouse or common-law partner of the individual; or (b) who is under 18 years of age and who (i) does not deal with the individual at arm’s length, or (ii) is the niece or nephew of the individual. Back to back loans and transfers
Where an individual has lent or transferred property (a) to another person and that property, or property substituted therefor, is lent or transferred by any person (in this subsection referred to as a “third party”) directly or indirectly to or for the benefit of a specified person with respect to the individual, or (b) to another person on condition that property be lent or transferred by any person (in this subsection referred to as a “third party”) directly or indirectly to or for the benefit of a specified person with respect to the individual, the following rules apply: (c) for the purposes of sections 74.1, 74.2, 74.3 and 74.4, the property lent or transferred by the third party shall be deemed to have been lent or transferred, as the case may be, by the individual to or for the benefit of the specified person, and (d) for the purposes of subsection 74.5(1), the consideration received by the third party for the transfer of the property shall be deemed to have been received by the individual. Guarantees
Where an individual is obligated, either absolutely or contingently, to effect any undertaking including any guarantee, covenant or agreement given to ensure the repayment, in whole or in part, of a loan made by any person (in this subsection referred to as the “third party”) directly or indirectly to or for the benefit of a specified person with respect to the individual or the payment, in whole or in part, of any interest payable in respect of the loan, the following rules apply: (a) for the purposes of sections 74.1, 74.2, 74.3 and 74.4, the property lent by the third party shall be deemed to have been lent by the individual to or for the benefit of the specified person; and (b) for the purposes of paragraphs 74.5(2)(b) and (c), the amount of interest that is paid in respect of the loan shall be deemed not to include any amount paid by the individual to the third party as interest on the loan. (a) a designated person in respect of the individual; or (b) a corporation, other than a small business corporation, of which a designated person in respect of the individual would have been a specified shareholder if the definition specified shareholder in subsection 248(1) were read without reference to paragraphs (a) and (d) of that definition. Transfers or loans to a trust
Where a taxpayer has lent or transferred property, either directly or indirectly, by means of a trust or by any other means whatever, to a trust in which another taxpayer is beneficially interested, the taxpayer shall, for the purposes of this section and sections 74.1 to 74.4, be deemed to have lent or transferred the property, as the case may be, to or for the benefit of the other taxpayer.
année d’imposition qui commence au plus tard le jour qui suit de douze mois la fin de l’année pertinente; b) la condition ci-après est remplie : C > D où : C représente le total des sommes dont chacune (compte non tenu de toute règle étrangère de restriction des dépenses) serait, ou dont on pourrait raisonnablement s’attendre à ce qu’elle soit, déductible, relativement au paiement, dans le calcul des revenus ou bénéfices étrangers pertinents d’une entité pour une année d’imposition étrangère (appelée « année étrangère pertinente » au présent alinéa), D le total des sommes, relativement au paiement, selon le cas : (i) dont chacune représenterait (en l’absence de l’article 12.7) le revenu ordinaire canadien d’un contribuable pour une année d’imposition qui commence au plus tard le jour qui suit de douze mois la fin de l’année étrangère pertinente, (ii) dont on peut raisonnablement s’attendre à ce que chacune soit, et est effectivement, du revenu ordinaire étranger d’une autre entité pour une année d’imposition étrangère qui commence au plus tard le jour qui suit de douze mois la fin de l’année étrangère pertinente. Asymétrie de déduction/non-inclusion — application
Notwithstanding any other provision of this Act, sections 74.1 to 74.4 do not apply to a transfer or loan of property where it may reasonably be concluded that one of the main reasons for the transfer or loan was to reduce the amount of tax that would, but for this subsection, be payable under this Part on the income and gains derived from the property or from property substituted therefor.
Pour l’application du présent article et de l’article 12.7, si un paiement donne lieu à une asymétrie de déduction/non-inclusion, les règles ci-après s’appliquent : a) la valeur de l’élément A de la formule figurant à l’alinéa (6)a) relativement au paiement est la composante de déduction de l’asymétrie de déduction/non-inclusion; b) la valeur de l’élément C de la formule figurant à l’alinéa (6)b) relativement au paiement est la composante de déduction étrangère de l’asymétrie de déduction/non-inclusion; c) la somme de l’asymétrie de déduction/non-inclusion découlant du paiement est obtenue par la formule suivante : A - B où : A représente : (ii) if paragraph (6)(a) applies in respect of the payment, the deduction component of the deduction/non-inclusion mismatch, or B is (i) if subparagraph (i) of the description of A applies, (ii) if subparagraph (ii) of the description of A applies, No double counting (ii) si l’alinéa (6)a) s’applique relativement au paiement, la composante de déduction de l’asymétrie de déduction/non-inclusion, (iii) si l’alinéa (6)b) s’applique relativement au paiement, la composante de déduction étrangère de l’asymétrie de déduction/non-inclusion, B : (i) si le sous-alinéa (i) de l’élément A s’applique : (A) lorsque la valeur de l’élément B de la formule figurant à l’alinéa (6)a) relativement au paiement est égale ou inférieure à 10 % de la somme obtenue pour l’élément A, zéro, (B) dans les autres cas, la valeur de l’élément B de la formule figurant à l’alinéa (6)a) relativement au paiement, (ii) si le sous-alinéa (ii) de l’élément A s’applique : (A) lorsque la valeur de l’élément D de la formule figurant à l’alinéa (6)b) relativement au paiement est égale ou inférieure à 10 % de la somme obtenue pour l’élément A, zéro, (B) dans les autres cas, la valeur de l’élément D de la formule figurant à l’alinéa (6)b) relativement au paiement. Aucun double comptage
Sections 74.1, 74.2 and 74.3 do not apply in respect of a transfer by an individual of property (a) as a payment of a premium under a registered retirement savings plan under which the individual’s spouse or common-law partner is, immediately after the transfer, the annuitant (within the meaning of subsection 146(1)) to the extent that the premium is deductible in computing the income of the individual for a taxation year; (a.2) as a payment of a contribution under a registered disability savings plan; (b) as or on account of an amount paid by the individual to another individual who is the individual’s spouse or common-law partner or a person who was under 18 years of age in a taxation year and who (i) does not deal with the individual at arm’s length, or (ii) is the niece or nephew of the individual, that is deductible in computing the individual’s income for the year and is required to be included in computing the income of the other individual; (c) to the individual’s spouse or common-law partner, (i) while the property, or property substituted for it, is held under a TFSA of which the spouse or common-law partner is the holder, and (ii) to the extent that the spouse or common-law partner does not, at the time of the contribution of the property under the TFSA, have an excess TFSA amount (as defined in subsection 207.01(1)); or Exception from attribution rules
Est exclu, directement ou indirectement, du calcul de revenu ordinaire étranger ou de revenu ordinaire canadien d’une entité donnée à l’égard d’un paiement, tout montant ayant déjà été inclus, directement ou indirectement, dans le calcul de revenu ordinaire étranger ou de revenu ordinaire canadien de l’entité donnée relativement au paiement. Dépenses en intérêts théoriques — paiement réputé
Subsections 74.1(1) and (2), 74.3(1) and 75(2) of this Act and section 74 of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, do not apply to any amount that is included in computing a specified individual’s split income for a taxation year.
Pour l’application du présent article (à l’exception du présent paragraphe) et de l’article 12.7, si, en l’absence d’une règle étrangère de restriction des dépenses, une somme (appelée « somme déductible » au présent paragraphe) serait, ou il est raisonnable de considérer qu’elle soit, déductible à l’égard d’une dépense en intérêts théorique sur une dette dans le calcul du revenu ou des bénéfices étrangers pertinents d’une entité pour une année d’imposition étrangère, les règles ci-après s’appliquent : a) l’entité est réputée effectuer un paiement dans l’année au titre de la dette au créancier relativement à la dette d’une somme égale à la somme déductible, et le créancier est réputé être un bénéficiaire du paiement; (d) any deduction/non-inclusion mismatch arising from the payment is deemed to satisfy the condition in paragraph (10)(d). (d) it can reasonably be considered that the deduction/non-inclusion mismatch créancier est réputé être un bénéficiaire de ce paiement; b) la somme déductible est réputée être relative au paiement; c) tout montant qui est du revenu ordinaire étranger ou du revenu ordinaire canadien du créancier relativement aux revenus d’intérêts théoriques sur la dette, qui est calculé relativement à la même période comme la dépense en intérêts théorique, est réputé découler du paiement; d) toute asymétrie de déduction/non-inclusion découlant du paiement est réputée remplir la condition énoncée à l’alinéa (10)d). Dispositif d’instrument financier hybride — conditions
(a) that it or property substituted therefor may (i) revert to the person from whom the property or property for which it was substituted was directly or indirectly received (in this subsection referred to as “the person”), or (ii) pass on to persons to be determined by the person at a time subsequent to the creation of the trust, or (b) that, during the existence of the person, the property shall not be disposed of except with the person’s consent or in accordance with the person’s direction, any income or loss from the property or from property substituted for the property, and any taxable capital gain or allowable capital loss from the disposition of the property or of property substituted for the property, shall, during the existence of the person while the person is resident in Canada, be deemed to be income or a loss, as the case may be, or a taxable capital gain or allowable capital loss, as the case may be, of the person.
Pour l’application du présent article et de l’article 12.7, un paiement découle d’un dispositif d’instrument financier hybride si les conditions ci-après sont remplies : a) le paiement (sauf un paiement visé aux alinéas (14)a) à d)) découle d’un instrument financier, ou s’y rapporte; b) l’une des conditions suivantes est remplie : (i) un payeur du paiement a un lien de dépendance avec un bénéficiaire du paiement, ou est une entité déterminée relativement à un bénéficiaire du paiement, (ii) le paiement découle d’un dispositif structuré, ou s’y rapporte; c) le paiement donne lieu à une asymétrie de déduction/non-inclusion; d) il est raisonnable de considérer que l’asymétrie de déduction/non-inclusion : (i) soit découle en tout ou en partie d’une différence dans le traitement de l’instrument financier (ou d’une ou de plusieurs opérations, seules ou ensemble, lorsque l’opération ou les opérations font partie d’une opération ou d’une série d’opérations qui incluent le paiement ou se rapportent à l’instrument financier) à des fins fiscales en vertu des lois de plus d’un pays et est attribuable aux modalités de l’instrument financier ou à une opération ou à des opérations, (ii) soit découlerait en tout ou en partie d’une différence décrite au sous-alinéa (i), s’il n’était pas tenu compte d’une autre raison de l’asymétrie de déduction/non-inclusion. (ii) the transferred instrument; (B) soit le cédant a un lien de dépendance avec le cessionnaire, ou est une entité déterminée relativement au cessionnaire, (ii) le paiement découle d’un dispositif structuré ou s’y rapporte; c) le paiement donne lieu à une asymétrie de déduction/non-inclusion; d) il est raisonnable de considérer que l’asymétrie de déduction/non-inclusion se produit (ou se produirait compte non tenu de toute raison expliquant l’asymétrie, sauf celles décrites aux sous-alinéas (i) et (ii)), en tout ou en partie, car (i) si le paiement se rapporte à une contrepartie pour un paiement donné en vertu de l’instrument transféré, à la fois : (A) les lois fiscales d’un pays traitent la totalité ou une partie du paiement comme si elle était de la même nature que le paiement donné, ou le représentant, dans le cadre de la détermination des conséquences fiscales pour une entité qui est bénéficiaire du paiement mais non du paiement donné, (B) les lois fiscales d’un autre pays traitent la totalité ou une partie du paiement comme une dépense déductible d’une autre entité, (ii) dans les autres cas : (A) soit les lois fiscales d’un pays traitent une ou plusieurs opérations incluses dans le dispositif de transfert, seules ou ensemble, comme un emprunt ou autre dette ou leur équivalent, ou traitent la totalité ou une partie du paiement comme découlant d’un emprunt ou autre dette ou s’y rapportant, et les lois fiscales d’un autre pays ne traitent pas l’opération ou les opérations, ou le paiement, selon le cas, de cette manière, (B) soit les lois fiscales d’un pays traitent le paiement, ou tout autre paiement découlant du dispositif de transfert ou de l’instrument transféré, ou s’y rapportant, comme si ce paiement ou l’autre paiement, selon le cas, était tiré par une entité et les lois fiscales d’un autre pays traitent le paiement ou l’autre paiement, selon le cas, comme s’il était tiré par une autre entité, en raison d’une différence dans la façon dont les pays traitent seules ou ensemble ou plusieurs opérations incluses dans le dispositif de transfert. Dispositif de transfert hybride — montant
Subsection 75(2) does not apply to property held in a taxation year (a) by a trust governed by a deferred profit sharing plan, an employee benefit plan, an employees profit sharing plan, a FHSA, a pooled registered pension plan, a registered disability savings plan, a registered education savings plan, a registered pension plan, a registered retirement income fund, a registered retirement savings plan, a registered supplementary unemployment benefit plan, a retirement compensation arrangement or a TFSA; (b) by an employee life and health trust, an employee trust, a private foundation that is a registered charity, a trust described by paragraph (a.1) of the definition trust in subsection 108(1), or a trust described by paragraph 149(1)(y); (c) by a qualifying environmental trust; or (i) the trust acquired the property, or other property for which the property is a substitute, from a particular individual, (ii) the particular individual acquired the property or the other property, as the case may be, in respect of another individual as a consequence of the operation of subsection 122.61(1) or under section 4 of the Universal Child Care Benefit Act, and (iii) the trust has no beneficiaries (as defined in subsection 108(1)) who may for any reason receive directly from the trust any of the income or capital of the trust other than individuals in respect of whom the particular individual acquired property as a consequence of the operation of a provision described in subparagraph (ii). Gain or loss deemed that of transferor (a) subsection 73(3) or (4) applied to the transfer of property (in this subsection referred to as “transferred property”) by a taxpayer to a child of the taxpayer, (b) the transfer was made at less than the fair market value of the transferred property immediately before the time of the transfer, and (c) in a taxation year, the transferee disposed of the transferred property and did not, before the end of that year, attain the age of 18 years, the following rules apply: (i) the total of the transferee’s taxable capital gains for the year from dispositions of transferred property (ii) the total of the transferee’s allowable capital losses for the year from dispositions of transferred property, shall during the lifetime of the transferor while the transferor is resident in Canada, be deemed to be a taxable capital gain of the transferor for the year from the disposition of property, (e) the amount, if any, by which the total determined under subparagraph 75.1(1)(d)(ii) exceeds the total determined under subparagraph 75.1(1)(d)(i) shall, during the lifetime of the transferor while the transferor is resident in Canada, be deemed to be an allowable capital loss of the transferor for the year from the disposition of property, and (f) any taxable capital gain or allowable capital loss taken into account in computing an amount described in paragraph 75.1(1)(d) or the amount described in paragraph 75.1(1)(e) shall, except for the purposes of those paragraphs, to the extent that the amount so described is deemed by virtue of this subsection to be a taxable capital gain or an allowable capital loss of the transferor, be deemed not to be a taxable capital gain or an allowable capital loss of the transferee. or an allowable capital loss, as the case may be, of the transferee.
Pour l’application du présent article et de l’article 12.7, si un paiement découle d’un dispositif de transfert hybride, les règles ci-après s’appliquent : a) le montant de l’asymétrie de transfert hybride, relativement au paiement, correspond à la partie de la somme de l’asymétrie de déduction/non-inclusion découlant du paiement qui satisfait à une condition prévue aux sous-alinéas (12)d)(i) ou (ii); b) la composante de déduction, le cas échéant, de l’asymétrie de déduction/non-inclusion est la composante de déduction du dispositif de transfert hybride relativement au paiement; c) la composante de déduction étrangère, le cas échéant, de l’asymétrie de déduction/non-inclusion est la composante de déduction étrangère du dispositif de transfert hybride relativement au paiement. Dispositif de paiement par substitution — conditions
For the purposes of this section, child of a taxpayer includes a child of the taxpayer’s child and a child of the taxpayer’s child’s child. Rules applicable with respect to “qualifying trust annuity”
Pour l’application du présent article et de l’article 12.7, un paiement découle d’un dispositif de paiement par substitution si les conditions suivantes sont remplies : a) le paiement découle d’un dispositif en vertu duquel la totalité ou une partie d’un instrument financier est prêtée ou disposée ou autrement transférée par une entité à une autre entité (appelées respectivement « cédant » et « cessionnaire » au présent paragraphe) ou s’y rapporte; b) le cessionnaire, ou une entité qui a un lien de dépendance avec ce dernier, est un payeur du paiement; c) le cédant, ou une entité qui a un lien de dépendance avec ce dernier, est un bénéficiaire du paiement; d) il est raisonnable de considérer que la totalité ou une partie du paiement représente ou autrement reflète, ou est déterminée par rapport à (i) soit un autre paiement (appelé « rendement sous-jacent » au présent paragraphe et au paragraphe (15)) qui découle de l’instrument financier, ou qui s’y rapporte, (ii) soit les revenus, les bénéfices, le flux de trésorerie, le prix des marchandises ou tout autre critère semblable; e) l’une des conditions suivantes est remplie : (f) the payment (i) the transferor, (ii) the transferee, du sous-alinéa d)(ii), une distribution effectuée dans le cadre de l’instrument financier, et le montant du rendement sous-jacent ou de la distribution, le cas échéant, égale tous des montants, relativement au rendement sous-jacent ou à la distribution, le cas échéant, dont il est raisonnable de s’attendre à ce que chacun soit, et effectivement est, du revenu ordinaire étranger pour une année d’imposition étrangère ou du revenu ordinaire canadien pour une année d’imposition, selon le cas, du bénéficiaire, (ii) la condition énoncée au sous-alinéa (i) serait remplie si le cessionnaire était le bénéficiaire du rendement sous-jacent ou, si le sous-alinéa d)(ii) s’applique, d’une distribution effectuée dans le cadre de l’instrument financier, (iii) si le cédant était le bénéficiaire du rendement sous-jacent ou, en cas d’application du sous-alinéa d)(ii), d’une distribution effectuée dans le cadre de l’instrument financier, selon le cas : (A) relativement au rendement sous-jacent ou à la distribution, le cas échéant, il est raisonnable de s’attendre à ce que ce soit du revenu ordinaire étranger ou du revenu ordinaire canadien pour une année d’imposition, selon le cas, du cédant, (B) le rendement sous-jacent ou la distribution, selon le cas, découlerait d’un dispositif hybride, (C) il est raisonnable de s’attendre à ce qu’une règle étrangère d’asymétrie hybride s’applique relativement au rendement sous-jacent ou à la distribution, selon le cas; h) l’une des entités ci-après ne réside pas au Canada : (i) le cédant, (ii) le cessionnaire, (iii) un bénéficiaire du paiement, (iv) un payeur du paiement, (v) l’émetteur de l’instrument financier, (vi) un bénéficiaire du rendement sous-jacent, (vii) si une entité visée à l’un des sous-alinéas (i) à (vi) est une société de personnes, un associé de cette entité. Specified entity — deeming rules (b) notwithstanding paragraph (a), a particular entity is deemed not to be a specified entity in respect of another entity at any time if Tiered partnerships Entité déterminée — règles spéciales
(a) any amount that is paid out of or under the annuity at any particular time after 2005 and before the death of the taxpayer is deemed to have been received out of or under the annuity at the particular time by the taxpayer, and not to have been received by any other taxpayer; and (b) if the taxpayer dies after 2005 (i) any amount equal to the fair market value of the annuity at the time of the taxpayer’s death is deemed to have been received, immediately before the taxpayer’s death, by the taxpayer out of or under the annuity, and (ii) for the purpose of subsection 70(5), the annuity is to be disregarded in determining the fair market value (immediately before the taxpayer’s death) of the taxpayer’s interest in the trust that is the annuitant under the annuity. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2013, c. 34, s. 213. Security in satisfaction of income debt
Pour l’application de la définition de **entité déterminée** au paragraphe (1), les règles suivantes s’appliquent : a) pour déterminer les participations au capital détenues, directement ou indirectement, par une entité (appelée « première entité » au présent alinéa) dans une autre entité à un moment donné, à la fois : (i) les droits de la première entité et de toute entité avec laquelle elle a un lien de dépendance qui sont des droits mentionnés dans le passage après l’alinéa b) de la définition de **actionnaire déterminé** au paragraphe 18(5) ou dans les alinéas a) ou b) de la définition de **bénéficiaire déterminé** de ce paragraphe, ou des droits similaires relativement aux sociétés de personnes ou à toute autre entité, sont réputés être immédiats et absolus et avoir été exercés à ce moment, (ii) l’alinéa c) de la définition de **bénéficiaire déterminé** au paragraphe 18(5) est réputé s’appliquer à ce moment et la mention « personne donnée » dans cette définition vaut mention de « première entité »; b) malgré l’alinéa a), une entité donnée est réputée ne pas être une entité déterminée relativement à une autre entité à un moment donné si les conditions ci-après sont réunies : (i) l’entité serait à ce moment, en l’absence du présent alinéa, une entité déterminée relativement à l’autre entité, (ii) est en vigueur à ce moment un contrat ou un arrangement qui stipule que, à la réalisation d’une condition ou d’un événement auquel il est raisonnable de s’attendre, l’entité cessera d’être une entité déterminée relativement à l’autre entité, (iii) la raison pour laquelle l’entité est devenue une entité déterminée est la sauvegarde de ses droits ou des droits d’une entité avec laquelle elle a un lien de dépendance, relativement à une créance due à tout moment à elle-même ou à une entité avec laquelle elle a un lien de dépendance et créancière, à un moment donné. Paliers de sociétés de personnes
Pour l’application du présent article et de l’article 12.7, une personne ou une société de personnes qui est associée d’une société de personnes donnée qui est elle-même Multiple recipients --- l’associé d’une autre société de personnes est réputée être l’associé de cette dernière et est réputée avoir, directement, des droits sur le revenu ou le capital de l’autre société de personnes, jusqu’à concurrence de ses droits directs ou indirects sur ce revenu ou ce capital. Bénéficiaires multiples
Where a security or other right or a certificate of indebtedness or other evidence of indebtedness is received by a person wholly or partially as payment of, in lieu of payment of or in satisfaction of, a debt before the debt is payable, but is not itself payable or redeemable before the day on which the debt is payable, it shall, for the purpose of subsection 76(1), be deemed to be received by the person holding it at that time when the debt becomes payable.
Pour l’application du présent article et de l’article 12.7, s’il y avait, en l’absence du présent paragraphe, des bénéficiaires multiples d’un paiement donné, chaque portion du paiement donné qui se produit pour chaque bénéficiaire est réputée être un paiement distinct. Anti-évitement
This section is enacted for greater certainty and shall not be construed as limiting the generality of the other provisions of this Part by which amounts are required to be included in computing income. Debt deemed not to be income debt
Les attributs fiscaux (au sens du paragraphe 245(1)) pour une personne doivent être déterminés de façon à supprimer un avantage fiscal (au sens du paragraphe 245(1)) dans la mesure nécessaire pour éliminer toute asymétrie de déduction/non-inclusion ou un autre résultat qui est substantiellement semblable à une asymétrie de déduction/non-inclusion, découlant d’un paiement si, à la fois : a) il est raisonnable de considérer que l’un des principaux objets d’une opération ou d’une série d’opérations qui comprend le paiement est de permettre d’éviter ou de restreindre l’application des paragraphes (4), 12.7(3) ou 113(5) relativement au paiement; b) l’une des conditions suivantes est remplie : (i) le paiement est un dividende et une somme serait, ou il serait raisonnable de s’attendre à ce qu’elle soit, déductible relativement au paiement dans le calcul des revenus ou bénéfices étrangers pertinents d’une entité pour une année d’imposition étrangère, (ii) l’asymétrie ou l’autre résultat découle en tout ou en partie d’une différence dans le traitement fiscal d’une opération ou d’une série d’opérations en vertu des lois de plus d’un pays qui est attribuable aux modalités de l’opération ou de l’une ou de plusieurs opérations comprises dans la série, (iii) l’asymétrie ou l’autre résultat découlerait en tout ou en partie d’une différence visée au sous-alinéa (ii), à condition que tout autre motif pour l’asymétrie ou un autre résultat ne soit pas pris en compte. Income Tax PART I Income Tax DIVISION B Computation of Income
Where a cash purchase ticket or other form of settlement prescribed pursuant to the Canada Grain Act or by the Minister is issued to a taxpayer in respect of grain delivered in a taxation year of a taxpayer to a primary elevator or process elevator and the ticket or other form of settlement entitles the holder to payment by the operator of the elevator of the purchase price, within the interest, stated in the ticket for the grain so dated that is after the end of that taxation year, the amount of the purchase price stated in the ticket or other form of settlement shall, notwithstanding any other provision of this section, be included in computing the income of the taxpayer to whom the ticket or other form of settlement was issued for the taxpayer’s taxation year immediately following the taxation year in which the grain was delivered and not for the taxation year in which the grain was delivered.
Filing Requirement Where s. (1) does not apply Definitions Impôt sur le revenu
In subsection (4), the expressions cash purchase ticket, operator, primary elevator and process elevator have the meanings assigned by the Canada Grain Act, and grain means wheat, oats, barley, rye, flaxseed, rapeseed and canola produced in Canada. Non-resident moving debt from Canadian business
due to the fluctuation in the value of the foreign currency relative to Canadian currency, the taxpayer is deemed to have settled the debt obligation immediately before that time at the amount outstanding on account of its principal amount. Non-resident assuming debt
If at any time a debt obligation of a non-resident taxpayer that is denominated in a foreign currency becomes an obligation of the taxpayer in respect of a business or part of a business that the taxpayer carries on in Canada after that time (other than an obligation in respect of which the taxpayer became indebted at that time), the amount of any income, loss, capital gain or capital loss in respect of the obligation due to the fluctuation in the value of the foreign currency relative to Canadian currency shall be determined based on the amount of the obligation in Canadian currency at that time. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2001, c. 17, s. 56. Unpaid amounts
(a) the amount so unpaid shall be included in computing the taxpayer’s income for the third taxation year following the taxation year in which the outlay or expense was incurred, or (b) where the taxpayer and that person have filed an agreement in prescribed form on or before the day on or before which the taxpayer is required by section 150 to file the taxpayer’s return of income for the third succeeding taxation year, for the purposes of this Act the following rules apply: (i) the amount so unpaid shall be deemed to have been paid by the taxpayer and received by that person on the first day of that third taxation year, and section 153, except subsection 153(3), is applicable to the extent that it would apply if that amount were being paid to that person by the taxpayer, and (ii) the amount so unpaid shall be deemed to have been loaned by that person to the taxpayer on the first day of that third taxation year and to have been owing by the taxpayer to that person throughout the period that begins at the beginning of that day and ends at the time the amount is paid by the taxpayer. (ii) that person shall be deemed to have made a loan to the taxpayer on the first day of that third taxation year in an amount equal to the amount so unpaid minus the amount, if any, deducted or withheld therefrom by the taxpayer on account of that person’s tax for that third taxation year.
Exigence relative à la production de déclarations de revenus
Where an amount in respect of a deductible outlay or expense that was owing by a taxpayer that is a corporation to a person with whom the taxpayer was not dealing at arm’s length is unpaid at the time the taxpayer is wound up, and the taxpayer is wound up before the end of the second taxation year following the taxation year in which the outlay or expense was incurred, the amount so unpaid shall be included in computing the taxpayer’s income for the taxation year in which it was wound up.
Chaque contribuable est tenu de produire, avec sa déclaration de revenu pour une année d’imposition, un formulaire prescrit contenant les renseignements prescrits si, dans le calcul de son revenu pour l’année, selon le cas : a) une somme n’est pas déductible au titre d’un paiement par l’effet du paragraphe (4); b) le paragraphe 12.7(3) inclut une somme relativement à un paiement. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent codifié; voir les lois et règlements modificatifs appropriés.] 2024, ch. 16, art. 8. Restriction — frais de publicité — journaux 19 (1) La dépense, déductible par ailleurs, qu’un contribuable engage ou effectue pour obtenir un espace publicitaire dans un numéro d’un journal en vue de la publication d’une annonce destinée principalement à un marché canadien n’est pas déductible dans le calcul du revenu que si le numéro est : a) soit une édition canadienne d’un journal canadien; b) soit le numéro d’un journal qui serait l’édition canadienne d’un journal canadien si ce n’était : (i) soit que la composition du numéro est faite aux États-Unis ou en partie aux États-Unis et en partie au Canada, (ii) soit que l’ensemble du numéro est imprimé aux États-Unis ou en partie aux États-Unis et en partie au Canada. Non-application du par. (1)
Where, in respect of an amount described in subsection 78(1) that was owing by a taxpayer to a person, an agreement in a form prescribed for the purposes of this section is filed after the day on or before which the agreement is required to be filed for the purposes of paragraph 78(1)(b), both paragraphs 78(1)(a) and (b) apply in respect of the said amount, except that paragraph 78(1)(a) shall be read and construed as requiring 25% only of the said amount to be included in computing the taxpayer’s income. Unpaid remuneration and other amounts
Le paragraphe (1) ne s’applique pas à une annonce parue dans un numéro spécial ou une édition spéciale d’un journal rédigé en totalité ou en partie et imprimé et publié à l’étranger, si ce numéro spécial ou cette édition spéciale est consacrée à des articles spéciaux ou des nouvelles se rapportant surtout au Canada et si les éditeurs ne publient ce numéro ou cette édition qu’au plus deux fois par année. Définitions
Where an amount in respect of a taxpayer’s expense that is a superannuation or pension benefit, a retiring allowance, salary, wages or other remuneration (other than reasonable vacation or holiday pay or a deferred amount under a salary deferral arrangement) in respect of an office or employment is unpaid on the day that is 180 days after the end of the taxation year in which the expense was incurred, for purposes of this Act other than this subsection, the amount shall be deemed not to have been incurred as an expense in the year and shall be deemed to be incurred as an expense in the taxation year in which the amount is paid.
Les définitions qui suivent s’appliquent au présent article. édition canadienne S’agissant de l’édition canadienne d’un journal, numéro, y compris un numéro spécial, qui répond aux conditions suivantes : Income Tax PART I Income Tax DIVISION B Computation of Income
Subsection 78(1) does not apply in any case where subsection (4) applies. creditor of a particular person includes a person to whom the particular person is obligated to pay an amount under a mortgage, hypothecary claim or similar obligation and, where property was sold to the particular person under a conditional sales agreement, the seller of the property (or any assignee with respect to the agreement) is deemed to be a creditor of the particular person in respect of that property; (créancier) debt includes an obligation to pay an amount under a mortgage, hypothecary claim or similar obligation or under a conditional sales agreement; (dette) person includes a partnership; (personne) property does not include (b) indebtedness owed by or guaranteed by the government of a country, or a province, state, or other political subdivision of that country; (bien) specified amount at any time of a debt owed or assumed by a person means (a) the unpaid principal amount of the debt at that time, and
(d) that is published in Canada; (édition canadienne) (a) a Canadian citizen, (b) a partnership (d) Her Majesty in right of Canada or a province, or a municipality in Canada, or (e) a corporation Impôt sur le revenu
For the purposes of this section, a property is surrendered at any time by a person to another person where the beneficial ownership of the property is acquired or reacquired at that time from the person by the other person and the acquisition or reacquisition of the property was in consequence of the person’s failure to pay all or part of one or more specified amounts of debts owed by the person to the other person immediately before that time.
Where a particular property is surrendered at any time by a person (in this subsection referred to as the “debtor”) to a creditor of the debtor, the debtor’s proceeds of disposition of the particular property shall be deemed to be the amount determined by the formula A is the total of all specified amounts of debts of the debtor that are in respect of properties surrendered at that time by the debtor to the creditor and that are owing immediately before that time to the creditor; B is the total of all amounts each of which is a specified amount of a debt that is owed by the debtor immediately before that time to a person (other than the creditor), to the extent that the amount ceases to be owing by the debtor as a consequence of properties being surrendered at that time by the debtor to the creditor; C is the total of all amounts each of which is a specified amount of a particular debt that is owed by the debtor (immediately before that time to a person other than the creditor) and that is included in the amount determined for A or B as a consequence of properties being surrendered at that time by the debtor to the creditor, where (a) any property surrendered at that time by the debtor to the creditor was security for (i) the particular debt, and (ii) another debt that is owed by the debtor immediately before that time to the creditor, and (b) the other debt is subordinate to the particular debt in respect of that property; (a) where a specified amount of a debt owed by the debtor immediately before that time to a person (other than the creditor) ceases, as a consequence of the surrender at that time of properties by the debtor to the creditor, to be secured by all properties owned by the debtor immediately before that time, the lesser of (i) the amount, if any, by which the total of all such specified amounts exceeds the portion of that total included in any of the amounts determined for B or C as a consequence of properties being surrendered at that time by the debtor to the creditor, and (ii) the amount, if any, by which the total cost amount to the debtor of all properties surrendered at that time by the debtor to the creditor exceeds the total amount that would, but for this description and the description of F, be determined under this subsection as a consequence of the surrender, and (b) in any other case, nil; (a) where the particular property is surrendered at that time by the debtor in circumstances in which paragraph 69(1)(b) would, but for this subsection, apply and the fair market value of all properties surrendered at that time by the debtor to the creditor exceeds the amount that would, but for this description and the description of F, be determined under this subsection as a consequence of the surrender, that excess, and (b) in any other case, nil; F is the total of all amounts each of which is the lesser of (a) the portion of a particular specified amount of a debt that may be included in the amount determined for A, B, C or D in computing the debtor’s proceeds of disposition of the particular property, and (i) all amounts included under paragraph 6(1)(a) or subsection 15(1) in computing the income of any person because the particular debt was settled, or deemed by subsection 80.01(8) to have been settled, at or before the end of the taxation year that includes that time, (ii) all amounts renounced under subsection 66(10), (10.1), (10.2) or (10.3) by the debtor in respect of the particular debt, (iii) all amounts each of which is a forgiven amount (within the meaning assigned by subsection 80(1)) in respect of the debt at a previous time that the particular debt was deemed by subsection 80.01(8) to have been settled, (iv) where the particular debt is an excluded obligation (within the meaning assigned by subsection 80(1)), the particular specified amount, and (A) the unpaid interest accrued to that time on the particular debt, and (I) the amount, if any, by which the total of all amounts included because of section 80.4 in computing the debtor’s income for the taxation year that includes that time or for a preceding taxation year in respect of interest on the particular debt exceeds the total of all amounts paid before that time on account of interest on the particular debt, and (III) such portion of that unpaid interest as would, if it were paid, be included in the amount determined under paragraph 28(1)(e) in respect of the debtor; G is the fair market value at that time of the particular property; and H is the fair market value at that time of all properties surrendered by the debtor to the creditor at that time. Subsequent payment by debtor
An amount paid at any time by a person as, on account of or in satisfaction of, a specified amount of a debt that can reasonably be considered to have been included in the amount determined for A, B, C or D in subsection 79(3) in respect of a property surrendered before that time by the person shall be deemed to be a repayment of assistance, at that time in respect of the property, to which (a) subsection 39(13) applies, where the property was capital property (other than depreciable property) of the person immediately before its surrender; (b) paragraph 20(1)(hh.1) applies, where the cost of the property to the person was an eligible capital expenditure at the time the property was acquired; (c) the description of E in the definition cumulative Canadian exploration expense in subsection 66.1(6), the description of D in the definition cumulative Canadian development expense in subsection 66.2(5) or the description of D in the definition cumulative Canadian oil and gas property expense in subsection 66.4(5), as the case may be, applies, where the cost of the property to the person was a Canadian exploration expense, a Canadian development expense or a Canadian oil and gas property expense; or Subsequent application with respect to employee or shareholder debt
Any amount included under paragraph 6(1)(a) or subsection 15(1) in computing a person’s income for a taxation year that can reasonably be considered to have been included in the amount determined for A, C or D in subsection 79(3) as a consequence of properties being surrendered before the year by the person shall be deemed to be a repayment by the person, immediately before the end of the year, of assistance to which subsection 79(4) applies. Surrender of property not payment or repayment by debtor
a) sa composition, sauf celle qui sert aux annonces ou aux articles spéciaux, est faite au Canada; b) il est entièrement imprimé au Canada, exception faite des suppléments de bandes illustrées; c) il est édité au Canada par des particuliers qui y résident; d) il est publié au Canada. (Canadian issue) États-Unis S’entend : a) d’une part, des États-Unis d’Amérique, à l’exclusion de Porto Rico, des Îles Vierges, de Guam et des autres possessions ou territoires des États-Unis; b) d’autre part, des régions s’étendant au-delà des eaux territoriales des États-Unis et qui, conformément au droit international et aux lois des États-Unis, sont régies dans l’égard desquelles les États-Unis ont habilités à exercer des droits pour ce qui concerne les fonds marins et leur sous-sol ainsi que leurs ressources naturelles. (United States) journal canadien Journal dont le droit exclusif d’éditer et de publier des numéros est détenu par une ou par plusieurs des personnes ou entités suivantes : a) un citoyen canadien; b) une société de personnes dans laquelle des citoyens canadiens ou des sociétés visées à l’alinéa e), ou l’un et l’autre de ceux-ci, ont la propriété effective des participations représentant en valeur au moins les 3/4 de la valeur totale des biens de la société de personnes et dont au moins les 3/4 du revenu ou des 3/4 des pertes, provenant d’une source donnée, sont inclus dans le calcul du revenu de tels citoyens ou de telles sociétés; c) une association dont au moins les 3/4 des membres sont des citoyens canadiens; d) Sa Majesté du chef du Canada ou d’une province ou une municipalité canadienne; e) une société remplissant les conditions suivantes : (i) elle est constituée sous le régime des lois fédérales ou provinciales, (ii) son président ou une autre personne agissant comme tel et au moins les 3/4 des administrateurs ou autres cadres semblables sont des citoyens canadiens, (iii) si elle a un capital-actions, elle est : substantially the same [Repealed, 2001, c. 17, s. 11(2)] (A) soit une société publique — non contrôlée par des citoyens ou des sujets d’un pays étranger — dont une ou plusieurs catégories d’actions du capital-actions sont cotées à une bourse de valeurs désignée située au Canada, (B) soit une société dans laquelle des citoyens canadiens ou des sociétés publiques — non contrôlées par des citoyens ou des sujets d’un pays étranger — détiennent, à un moment donné, des actions du capital-actions dont une ou plusieurs catégories sont cotées à une bourse de valeurs désignée située au Canada et dont la propriété effective des 3/4 au moins des actions ayant plein droit de vote en toutes circonstances et des actions ayant une juste valeur marchande égale, au total, aux 3/4 au moins de la juste valeur marchande de l’ensemble des actions émises de la société; pour l’application de la division (B), chaque actionnaire d’une société — autre qu’une société publique dont une ou plusieurs catégories d’actions du capital-actions sont cotées à une bourse de valeurs désignée située au Canada — qui, à un moment donné, possède, directement ou indirectement, des actions d’une catégorie du capital-actions de la société est réputé propriétaire à ce moment de la fraction du nombre d’actions de cette catégorie représentée par le rapport entre : (C) d’une part, la juste valeur marchande des actions du capital-actions de la société dont l’actionnaire est propriétaire à ce moment, (D) d’autre part, la juste valeur marchande de l’ensemble des actions émises du capital-actions de la société qui sont en circulation à ce moment; chaque associé d’une société de personnes qui, à un moment donné, la propriété réelle ou réputée, en application de la présente définition, d’actions d’une catégorie du capital-actions d’une société est réputé propriétaire à ce moment de la fraction la moins élevée du nombre d’actions de cette catégorie représentée par le rapport entre : (E) d’une part, la part de l’associé sur le revenu ou la perte de la société de personnes, provenant d’une source donnée, pour son exercice qui comprend ce moment, (F) d’autre part, le revenu ou la perte de la société de personnes provenant de cette source pour son exercice qui comprend ce moment, Income Tax PART I Income Tax DIVISION B Computation of Income
Where a specified amount of a debt is included in the amount determined at any time for A, B, C or D in subsection 79(3) in respect of a property surrendered at that time by a person to a creditor of the person, for the purpose of computing the person’s income, no amount shall be considered to have been paid or repaid by the person as a consequence of the acquisition or reacquisition of the surrendered property by the creditor.
Interpretation (e) a person, association or society described in paragraph (c) or (d) of the definition Canadian newspaper in subsection (5). Trust property Grace period Impôt sur le revenu
Where a debt is denominated in a currency (other than Canadian currency), any amount determined for A, B, C or D in subsection 79(3) in respect of the debt shall be determined with reference to the relative value of that currency and Canadian currency at the time the debt was issued. creditor has the meaning assigned by subsection 79(1); (créancier) debt has the meaning assigned by subsection 79(1); (dette) person has the meaning assigned by subsection 79(1); (personne) property has the meaning assigned by subsection 79(1); (bien) a) where the debt is not insured, the principal amount of the debt, b) in any other case, the lesser of (i) the principal amount of the debt, and (ii) the portion of the principal amount that would be deductible in computing the person’s income (otherwise than under this section) if the debt were bad. (a) where the debt is capital property of the person, the adjusted cost base to the person of the debt, and (b) in any other case, the amount, if any, by which (i) the cost amount to the person of the debt (ii) such portion of that cost amount as would be deductible in computing the person’s income (otherwise than in respect of the principal amount of the debt) if the debt were established by the person to have become a bad debt or to have become uncollectable. (specified cost)
Subject to subsection (2.1) and for the purpose of this section, a property is seized at any time by a person in respect of a debt where (a) the beneficial ownership of the property is acquired or reacquired at that time by the person; and (b) the acquisition or reacquisition of the property is in consequence of another person’s failure to pay to the person all or part of the specified amount of the debt. (2.1) For the purpose of this section, foreign resource property is deemed not to be seized at any time from (a) an individual or a corporation, if the individual or corporation is non-resident at that time; or (b) a partnership (other than a partnership each member of which is resident in Canada at that time).
Where a property is seized at any time in a particular taxation year by a creditor in respect of a debt, for the purpose of computing the income of the creditor for the particular year, the amount claimed by the creditor under subparagraph 40(1)(a)(iii) or 44(1)(e)(iii) in computing the creditor’s gain for the preceding taxation year from any disposition before the particular year of the property shall be deemed to be the amount, if any, by which the amount so claimed exceeds the total of all amounts each of which is an amount determined under paragraph 79.1(6)(a) or 79.1(6)(b) in respect of the seizure. Creditor's inventory reserves
Where a property is seized at any time in a particular taxation year by a creditor in respect of a debt, for the purpose of computing the income of the creditor for the particular year, the amount deducted under paragraph 20(1)(n) in computing the income of the creditor for the preceding taxation year in respect of any disposition of the property before the particular year shall be deemed to be the amount, if any, by which the amount so deducted exceeds the total of all amounts each of which is an amount determined under paragraph 79.1(6)(a) or 79.1(6)(b) in respect of the seizure. Adjustment where disposition and reacquisition of capital property in same year
à cette fin, dans le cas où le revenu et la perte d’une société de personnes provenant d’une source donnée pour un exercice sont nuls, le revenu de la société de personnes provenant de cette source pour cet exercice est réputé égal à 1000000 $. (Canadian newspaper) sensiblement le même [Abrogé, 2001, ch. 17, art. 11] Citoyens canadiens (5.1) Pour l’application du présent article, les personnes suivantes sont réputées être des citoyens canadiens : a) une fiducie ou société visée aux alinéas 149(1)o) ou o.1) qui est établie ou constituée, selon le cas, dans le cadre d’un régime de pension établi à l’intention de particuliers qui sont majoritairement des citoyens canadiens; b) une fiducie visée aux alinéas 149(1)r) ou x) dont le rentier est un citoyen canadien; c) une fiducie commune de placement, au sens du paragraphe 132(6), à l’exception d’une telle fiducie dont la majorité des unités sont détenues par des citoyens ou des sujets d’un pays étranger; d) une fiducie dont les bénéficiaires sont des personnes, des sociétés de personnes ou des associations visées à l’un des alinéas a) à e) de la définition de journal canadien au paragraphe (5); e) une personne ou une association visée aux alinéas c) ou d) de la définition de journal canadien au paragraphe (5). Biens de fiducie
Where a property is seized at any time in a taxation year by a creditor in respect of one or more debts and that property was capital property of the creditor that was disposed of by the creditor at a previous time in the year, the proceeds of disposition of the property to the creditor at the previous time shall be deemed to be the lesser of the amount of the proceeds (determined without reference to this subsection) and the amount that is the greater of (a) the amount, if any, by which the amount of such proceeds (determined without reference to this subsection) exceeds such portion of the proceeds as is represented by the specified amounts of those debts immediately before that time, and (b) the cost amount to the creditor of the property immediately before the previous time.
Lorsque le droit que détient une personne, une société de personnes ou une association visée à la définition de journal canadien au paragraphe (5) d’éditer et de publier des numéros de journaux est détenu à titre de bien d’une fiducie ou d’une succession, le journal n’est un journal canadien que si chaque bénéficiaire de la fiducie ou de la succession est une personne, une société de personnes ou une association visée à cette définition. Délai de grâce
Where a particular property is seized at any time in a taxation year by a creditor in respect of one or more debts, the cost to the creditor of the particular property shall be deemed to be the amount, if any, by which the total of (a) that proportion of the total specified costs immediately before that time to the creditor of those debts that (i) the fair market value of the particular property immediately before that time is of (ii) the fair market value of all properties immediately before that time that were seized by the creditor at that time in respect of those debts, and (b) all amounts each of which is an outlay or expense made or incurred, or a specified amount at that time of a debt that is assumed, by the creditor at or before that time to protect the creditor’s interest, or for civil law the creditor’s right, in the particular property, except to the extent the outlay or expense (i) was included in the cost to the creditor of property other than the particular property, (ii) was included before that time in computing, for the purposes of this Act, any balance of undeducted outlays, expenses or other amounts of the creditor, or (iii) was deductible in computing the creditor’s income for the year or a preceding taxation year (c) the amount, if any, claimed or deducted under paragraph 20(1)(n) or subparagraph 40(1)(a)(iii) or 44(1)(e)(iii), as the case may be, in respect of the particular property in computing the creditor’s income or capital gain for the preceding taxation year or any year by which the proceeds of disposition of the creditor of the particular property are reduced because of subsection 79.1(5) in respect of a disposition of the particular property by the creditor occurring before that time and in the year. Treatment of debt
Le journal qui cesserait d’être un journal canadien si ce n’était le présent paragraphe est réputé continuer d’être un tel journal jusqu’à la fin du douzième mois qui suit le mois au cours duquel il aurait cessé de l’être n’eût été le présent paragraphe. Income Tax PART I Income Tax DIVISION B Computation of Income
Where a property is seized at any time in a taxation year by a creditor in respect of a particular debt, (a) the creditor shall be deemed to have disposed of the particular debt at that time; (b) the amount received on account of the particular debt as a consequence of the seizure shall be deemed (i) to be received at that time, and (A) where the particular debt is capital property, the adjusted cost base to the creditor of the particular debt, and (B) in any other case, the cost amount to the creditor of the particular debt; (c) where any portion of the particular debt is outstanding immediately after that time, the creditor shall be deemed to have reacquired that portion immediately after that time at a cost equal to (i) where the particular debt is capital property, nil, and (ii) in any other case, the cost amount to the creditor of the particular debt. (ii) in any other case, the amount, if any, by which (A) the cost amount to the creditor of the particular debt (d) where no portion of the particular debt is outstanding immediately after that time and the particular debt is not capital property, the creditor may deduct as a bad debt in computing the creditor’s income for the year the amount described in subparagraph 79.1(7)(c)(ii) in respect of the seizure. Claims for debts
NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 19; 1994, c. 7, Sch. II, s. 14; 1996, c. 46, s. 5; 2001, c. 17, s. 11; 2007, c. 35, s. 13. Definitions original editorial content in respect of an issue of a periodical means non-advertising content 100% deduction Impôt sur le revenu
Where a property is seized at any time in a taxation year by a creditor in respect of a debt, no amount in respect of the debt (a) is deductible in computing the creditor’s income for the year or a subsequent taxation year as a bad, doubtful or impaired debt; or (b) shall be included after that time in computing, for the purposes of this Act, any balance of undeducted outlays, expenses or other amounts of the creditor as a bad, doubtful or impaired debt. commercial debt obligation issued by a debtor means a debt obligation issued by the debtor (a) where interest was paid or payable by the debtor in respect of it pursuant to a legal obligation, or (b) if interest had been paid or payable by the debtor in respect of it pursuant to a legal obligation, an amount in respect of the interest was or would have been deductible in computing the debtor’s income, taxable income or taxable income earned in Canada, as the case may be, if this Act were read without reference to paragraph 18(1)(b), subsections 18(2), (3.1) and (4) and 18.2(2) and section 21; (créance commerciale) commercial obligation issued by a debtor means (a) a commercial debt obligation issued by the debtor, or (b) a distress preferred share issued by the debtor; debtor includes any corporation that has issued a distress preferred share and any partnership; (débiteur) directed person at any time in respect of a debtor means (a) a taxable Canadian corporation or an eligible Canadian partnership by which the debtor is controlled at that time, or (b) a taxable Canadian corporation or an eligible Canadian partnership that is controlled at that time by (i) the debtor, (ii) the debtor and one or more persons related to the debtor, or (iii) a person or group of persons by which the debtor is controlled at that time; (personne désignée) distress preferred share issued by a corporation means, at any time, a share issued before February 21, 1994 (other than a share issued pursuant to an agreement in writing entered into on or before that date) by the corporation that is a share described in paragraph (e) of the definition term preferred share in subsection 248(1) that would be a term preferred share at that time if that definition were read without reference to paragraphs (e) and (f); (action privilégiée de renflouement) eligible Canadian partnership at any time means a Canadian partnership none of the members of which is, at that time, (a) a non-resident owned investment corporation, (b) a person exempt, because of subsection 149(1), from tax under this Part on all or part of the person’s taxable income, (c) a partnership, other than an eligible Canadian partnership, or excluded obligation means an obligation issued by a debtor where (a) the proceeds from the issue of the obligation (i) were included in computing the debtor’s income or, but for the expression “other than a prescribed amount” in paragraph 12(1)(x), would have been so included, (ii) were deducted in computing, for the purposes of this Act, any balance of undeducted outlays, expenses or other amounts, or (iii) were deducted in computing the capital cost or cost amount to the debtor of any property of the debtor, (b) an amount paid by the debtor in satisfaction of the entire principal amount of the obligation would be included in the amount determined under paragraph 28(1)(e) or section 30 in respect of the debtor, (c) section 78 applies to the obligation, or (d) the principal amount of the obligation would, if this Act were read without reference to sections 79 and 80 and the obligation were settled without any amount being paid in satisfaction of its principal amount, be included in computing the debtor’s income because of the settlement of the obligation; (dette exclue) excluded property means property of a non-resident debtor that is treaty-protected property or that is not taxable Canadian property; (bien exclu) excluded security issued by a corporation to a person as consideration for the settlement of a debt means (a) a distress preferred share issued by the corporation to the person, or (b) a share issued by the corporation to the person under the terms of the debt, where the debt was a bond, debenture or note listed on a designated stock exchange in Canada and the terms for the conversion to the share were not established or substantially modified after the later of February 22, 1994 and the time that the bond, debenture or note was issued; (valeur mobilière exclue) forgiven amount at any time in respect of a commercial obligation issued by a debtor is the amount determined by the formula A is the lesser of the amount for which the obligation was issued and the principal amount of the obligation, and B is the total of (a) the amount paid by the debtor at the time in satisfaction of the principal amount of the debt, (b) the amount included under paragraph 6(1)(a) or subsection 15(1) in computing the debtor’s income at the time in respect of the settlement of the debt, (a) the amount, if any, paid at that time in satisfaction of the principal amount of the obligation, (b) the amount, if any, included under paragraph 6(1)(a) or subsection 15(1) in computing the income of any person because of the settlement of the obligation at that time, (c) the amount, if any, deducted at that time under paragraph 18(9.3)(f) in computing the forgiven amount in respect of the obligation, (d) the capital gain, if any, of the debtor resulting from the application of subsection 39(3) to the purchase at that time of the obligation by the debtor, (e) such portion of the principal amount of the obligation as relates to an amount renounced under subsection 66(10.1), 66(10.1), 66(10.2) or 66(10.3) by the debtor, (f) any portion of the principal amount of the obligation that is included in the amount determined for A, B, C or D in subsection 79(3) in respect of the debtor for the taxation year of the debtor that includes that time or for a preceding taxation year, (g) the total of all amounts each of which is a forgiven amount at a previous time that the obligation was deemed by subsection 80.01(8) or 80.01(9) to have been settled, (h) such portion of the principal amount of the obligation as can reasonably be considered to have been included under section 80.4 in computing the debtor’s income for a taxation year that includes that time or for a preceding taxation year, (i) where the debtor is a bankrupt at that time, the principal amount of the obligation, (j) such portion of the principal amount of the obligation as represents the principal amount of an excluded obligation, (k) where the debtor is a partnership and the obligation was, since the later of the creation of the partnership or the issue of the obligation, always payable to a member of the partnership actively engaged, on a regular, continuous and substantial basis, in those activities of the partnership that are other than the financing of the partnership business, the principal amount of the obligation, and (l) the amount, if any, given at or before that time by the debtor to another person as consideration for the assumption by the other person of the obligation; (montant remis) person includes a partnership; (personne) relevant loss balance, at a particular time for a commercial obligation and in respect of a debtor’s non-capital loss, farm loss, restricted farm loss or net capital loss, as the case may be, for a particular taxation year, is (a) subject to paragraph (b), the amount of such loss that would be deductible in computing the debtor’s taxable income or taxable income earned in Canada, as the case may be, for the taxation year that includes that time if (i) the debtor had sufficient incomes from all sources and sufficient taxable capital gains, (ii) subsections (3) and (4) did not apply to reduce such loss at or after that time, and (iii) paragraph 111(4)(a) and subsection 111(5) did not apply to the debtor, and (b) nil if the debtor is a taxpayer that was at a previous time subject to a loss restriction event and the particular year ended before the previous time, unless (i) the obligation was issued by the debtor before, and not in contemplation of, the loss restriction event, or (ii) all or substantially all of the proceeds from the issue of the obligation were used to satisfy the principal amount of another obligation to which subparagraph (i) or this subparagraph would apply if the other obligation were still outstanding; (solde de pertes applicable) successor pool at any time for a commercial obligation and in respect of an amount determined in relation to a debtor means the portion of that amount that would be deductible under subsection 66.7(2), (2.3), (3), (4) or (5), as the case may be, in computing the debtor’s income for the taxation year that includes that time, if (a) the debtor had sufficient incomes from all sources, (b) subsection (8) did not apply to reduce the amount so determined at that time, (c) the year ended immediately after that time, and (d) paragraphs 66.7(2.3)(a), (4)(a) and (5)(a) were read without reference to the expressions “30% of”, “30% of” and “10% of”, respectively, except that the successor pool at that time for the obligation is deemed to be nil unless (e) the obligation was issued by the debtor before, and not in contemplation of, the event described in paragraph (8)(a) that gives rise to the deductibility under subsection 66.7(2), (2.3), (3), (4) or (5), as the case may be, of all or part of that amount in computing the debtor’s income, or (f) all or substantially all of the proceeds from the issue of the obligation were used to satisfy the principal amount of another obligation to which paragraph (c) or this paragraph would apply if the other obligation were still outstanding; (compte de société remplaçante) unrecognized loss, at a particular time, in respect of an obligation issued by a debtor, from the disposition of a property, is the amount that would, but for subparagraph 40(2)(g)(ii), be a capital loss from the disposition by the debtor at or before the particular time of a debt or other right to receive an amount, except that if the debtor is a taxpayer that is subject to a loss restriction event before the particular time and after the time of the disposition, the unrecognized loss at the particular time in respect of the obligation is nil unless (a) the obligation was issued by the debtor before, and not in contemplation of, the loss restriction event, or (b) all or substantially all of the proceeds from the issue of the obligation were used to satisfy the principal amount of another obligation to which paragraph 80(1)(a) or this paragraph would apply if the other obligation were still outstanding. (perte non constatée) Application of debt forgiveness rules
For the purposes of this section, (a) an obligation issued by a debtor is settled at any time where the obligation is settled or extinguished at that time (otherwise than by way of a bequest or inheritance or as consideration for the issue of a share described in paragraph (b) of the definition excluded security in subsection 80(1)); (b) an amount of interest payable by a debtor in respect of an obligation issued by the debtor shall be deemed to be an obligation issued by the debtor that (i) has a principal amount, and (ii) was issued by the debtor for an amount, equal to the portion of the amount of such interest that was deductible or would, but for subsection 18(2) or 18(3.1) or section 21, have been deductible in computing the debtor’s income for a taxation year; (d) the applicable fraction of the unapplied portion of a forgiven amount at any time in respect of an obligation issued by the debtor is in respect of a loss for any other taxation year, the fraction required to be used under section 38 for that year; (e) where an applicable fraction (as determined under paragraph 80(2)(d)) of the unapplied portion of a forgiven amount is applied under subsection 80(4) to reduce at any time a loss for a taxation year, the portion of the forgiven amount so applied shall, except for the purpose of reducing the loss, be deemed to be the quotient obtained when the amount of the reduction is divided by the applicable fraction; (g) where a corporation issues a share (other than an excluded security) to a person as consideration for the settlement of a debt issued by the corporation and payable to the person, the amount paid in satisfaction of the debt because of the issue of the share is deemed to be equal to the fair market value of the share at the time it was issued; (g.1) where a debt issued by a corporation and payable to a person is settled at any time, the amount, if any, that can reasonably be considered to be the increase, as a consequence of the settlement of the debt, in the fair market value of shares of the capital stock of the corporation owned by the person (other than any shares acquired by the person as consideration for the settlement of the debt) is deemed to be an amount paid at that time in satisfaction of the debt; (h) where any part of the consideration given by a debtor to another person for the settlement at any time of a particular commercial debt obligation issued by the debtor and payable to the other person consists of a new commercial debt obligation issued by the debtor to the other person (i) an amount equal to the principal amount of the new obligation shall be deemed to be paid by the debtor at that time, because of the issue of the new obligation, in satisfaction of the principal amount of the particular obligation, and (ii) the new obligation shall be deemed to have been issued for an amount equal to the amount, if any, by which (A) the principal amount of the new obligation (B) the amount, if any, by which the principal amount of the new obligation exceeds the amount for which the particular obligation was issued; (i) where 2 or more commercial obligations issued by a debtor are settled at the same time, those obligations shall be treated as if they were settled at different times in the order designated by the debtor in a prescribed form filed with the debtor’s return of income under this Part for the debtor’s taxation year that includes that time or, if the debtor does not so designate any such order, in the order designated by the Minister; (j) for the purpose of determining, at any time, whether 2 persons are related to each other or whether any person is controlled by any other person, it shall be assumed that (i) each partnership and each trust is a corporation having a capital stock of a single class of voting shares divided into 100 issued shares, (ii) each member of a partnership and each beneficiary under a trust owned at that time the number of issued shares of that class that is equal to the proportion of 100 that (A) the fair market value at that time of the member's interest in the partnership or the beneficiary's interest in the trust, as the case may be is of (B) the fair market value at that time of all members' interests in the partnership or all beneficiaries' interests in the trust, as the case may be, and (iii) where a beneficiary's share of the income or capital of a trust depends on the exercise by any person of, or the failure by any person to exercise, any discretionary power, the fair market value at any time of the beneficiary's interest in the trust is equal to (A) where the beneficiary is not entitled to receive or otherwise obtain the use of any of the income or capital of the trust before the death after that time of one or more other beneficiaries under the trust, nil, and (B) in any other case, the total fair market value at that time of all beneficiaries' interests under the trust; (k) where an obligation is denominated in a currency (other than Canadian currency), the forgiven amount at any time in respect of the obligation shall be determined with reference to the relative value of that currency and Canadian currency at the time the obligation was issued; (l) where an amount is paid in satisfaction of the principal amount of a particular commercial obligation issued by a debtor and, as a consequence of the payment, the debtor is legally obliged to pay that amount to another person, the obligation to pay that amount to the other person shall be deemed to be a commercial obligation that was issued by the debtor at the same time and in the same circumstances as the particular obligation; (m) for greater certainty, the amount that can be applied under this section to reduce another amount may not exceed that other amount; (n) except for the purposes of this paragraph, where (i) a commercial debt obligation issued by a debtor is settled at any time, (ii) the debtor is at that time a member of a partnership, and (iii) the obligation was, under the agreement governing the obligation, treated immediately before that time as a debt owed by the partnership, the obligation shall be considered to have been issued by the partnership and not by the debtor; (o) notwithstanding paragraph (n), if a commercial debt obligation, for which a particular person is liable with one or more other persons, is settled at any time in respect of the particular person but not in respect of all of the other persons, the portion of the obligation that can reasonably be considered to be the particular person’s share of the obligation shall be considered to have been issued by the particular person and settled at that time and not at any subsequent time; (p) a commercial debt obligation issued by an individual that is outstanding at the time of the individual’s death and settled at a subsequent time shall, if the estate of the individual was liable for the obligation immediately before the settlement, be deemed to have been issued by the estate at the same time and in the same circumstances as the obligation was issued by the individual; and (q) where a commercial debt obligation issued by an individual would, but for this paragraph, be settled at any time in the period ending 6 months after the death of an individual (or within such longer period as is acceptable to the Minister and the estate of the individual) and the estate of the individual was liable immediately before that time for the obligation (i) the obligation shall be deemed to have been settled at the beginning of the day on which the individual died and not at that time, (ii) any amount paid at that time by the estate in satisfaction of the principal amount of the obligation shall be deemed to have been paid at the beginning of the day on which the individual died, (iii) any amount given by the estate at or before that time to another person as consideration for assumption by the other person of the obligation shall be deemed to have been given at the beginning of the day on which the individual died, and (iv) paragraph 80(2)(b) shall not apply in respect of the settlement to interest that accrues within that period, except that this paragraph does not apply in circumstances in which any amount is because of the settlement included under paragraph 6(1)(a) or subsection 15(1) in computing the income of any person or in which section 79 applies in respect of the obligation. Reductions of non-capital losses
Where a commercial obligation issued by a debtor is settled at any time, the forgiven amount at that time in respect of the obligation shall be applied to reduce at that time, in the following order, (a) the debtor’s non-capital loss for each taxation year that ended before that time to the extent that the amount so applied (i) does not exceed the amount (in subsection 80(4) referred to as the debtor’s “ordinary non-capital loss at that time for the year”) that would be the relevant loss balance at that time for the obligation and in respect of the debtor’s non-capital loss for the year if the description of E in the definition non-capital loss in subsection 111(8) were read without reference to the expression “the taxpayer’s allowable business investment loss for the year”, (ii) does not, because of this subsection, reduce the debtor’s non-capital loss for a preceding taxation year; (b) the debtor’s farm loss for each taxation year that ended before that time, to the extent that the amount so applied (i) does not exceed the amount that is the relevant loss balance at that time for the obligation and in respect of the debtor’s farm loss for the year, and (ii) does not, because of this subsection, reduce the debtor’s farm loss for a preceding taxation year; and (c) the debtor’s restricted farm loss for each taxation year that ended before that time, to the extent that the amount so applied (i) does not exceed the amount that is the relevant loss balance at that time for the obligation and in respect of the debtor’s restricted farm loss for the year, and (ii) does not, because of this subsection, reduce the debtor’s restricted farm loss for a preceding taxation year.
Where a commercial obligation issued by a debtor is settled at any time, the applicable fraction of the remaining unapplied portion of a forgiven amount at that time in respect of the obligation shall be applied to reduce at that time, in the following order, (a) the debtor’s non-capital loss for each taxation year that ended before that time to the extent that the amount so applied (i) does not exceed the amount, if any, by which (A) the relevant loss balance at that time for the obligation and in respect of the debtor’s non-capital loss for the year (B) the debtor’s ordinary non-capital loss (within the meaning assigned by subparagraph 80(3)(a)(i)) at that time for the year, and (ii) does not, because of this subsection, reduce the debtor’s non-capital loss for a preceding taxation year; and (b) the debtor’s net capital loss for each taxation year that ended before that time, to the extent that the amount so applied (i) does not exceed the relevant loss balance at that time for the obligation and in respect of the debtor’s net capital loss for the year, and (ii) does not, because of this subsection, reduce the debtor’s net capital loss for a preceding taxation year. Reductions with respect to depreciable property
Journal étranger
Where a commercial obligation issued by a debtor is settled at any time, the remaining unapplied portion of the forgiven amount at that time in respect of the obligation shall be applied, in such manner as is designated by the debtor in a prescribed form filed with the debtor’s return of income under this Part for the taxation year that includes that time, to reduce immediately after that time the following amounts: (a) the capital cost to the debtor of a depreciable property that is owned by the debtor immediately after that time; (b) the undepreciated capital cost to the debtor of depreciable property of a prescribed class immediately after that time. Restriction with respect to depreciable property
Un journal est réputé ne pas être un journal canadien à tout moment où une ou plusieurs personnes ou sociétés de personnes qui ne sont pas visées à l’un des alinéas a) à e) de la définition de journal canadien au paragraphe (5) ont une influence directe ou indirecte dont l’exercice entraînerait le contrôle de fait d’une personne ou d’une société de personnes qui détient le droit d’éditer et de publier des numéros du journal. NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés: L.R. (1985), ch. 1 (5e suppl.), art. 19; 1994, ch. 7, ann. II, art. 14; 1996, ch. 46, art. 5; 2001, ch. 17, art. 11; 2007, ch. 35, art. 13. Définitions
Where a commercial obligation issued by a debtor is settled at any time, (a) an amount may be applied under subsection 80(5) to reduce, immediately after that time, the capital cost to the debtor of a depreciable property of a prescribed class only to the extent that (i) the undepreciated capital cost to the debtor of depreciable property of that class at that time (ii) the total of all other reductions immediately after that time to that undepreciated capital cost; and (b) an amount may be applied under subsection 80(5) to reduce, immediately after that time, the capital cost to the debtor of a depreciable property (other than a depreciable property of a prescribed class) only to the extent that (i) the capital cost to the debtor of the property at that time (ii) the amount that was allowed to the debtor before that time under Part XVII of the Income Tax Regulations in respect of the property. Reductions of resource expenditures
annonce destinée au marché canadien S’entend de services publicitaires destinés au marché canadien, au sens de l’article 2 de la Loi sur les services publicitaires fournis par des éditeurs étrangers, et comprend toute mention de cette expression faite dans cette loi ou en vertu de celle-ci. (advertisement directed at the Canadian market) contenu rédactionnel original Contenu non publicitaire d’un numéro d’un périodique à l’égard duquel l’un des faits suivants se vérifie : a) son auteur — notamment un écrivain, un journaliste, un illustrateur ou un photographe — est un citoyen canadien ou un résident permanent au sens du paragraphe 2(1) de la Loi sur l’immigration; b) il est créé pour le marché canadien et n’a pas été publié dans une autre édition de ce numéro du périodique publiée à l’étranger. (original editorial content) périodique S’entend au sens de l’article 2 de la Loi sur les services publicitaires fournis par des éditeurs étrangers. (periodical) Restriction — frais de publicité — périodiques
Where a commercial obligation issued by a debtor is settled at any time, the remaining unapplied portion of the forgiven amount at that time in respect of the obligation shall be applied (to the extent designated in a prescribed form filed with the debtor’s return of income under this Part for the taxation year that includes that time) to reduce immediately after that time the following amounts: (a) where the debtor is a corporation resident in Canada throughout that year, each particular amount that would be determined in respect of the debtor under paragraph 66.7(2)(a), (2.3)(a), (3)(a), (4)(a) or (5)(a) if paragraphs 66.7(2.3)(a), (4)(a) and (5)(a) were read without reference to the expressions “30% of”, “30% of” and “10% of”, respectively, as a consequence of the acquisition of control of the debtor by a person or group of persons, the debtor ceasing to be exempt from tax under this Part on its taxable income or the acquisition of properties by the debtor by way of an amalgamation or merger, where the amount so applied does not exceed the successor pool immediately after that time for the obligation and in respect of the particular amount; (b) the cumulative Canadian exploration expense (within the meaning assigned by subsection 66.1(6)) of the debtor; (c) the cumulative Canadian development expense (within the meaning assigned by subsection 66.2(5)) of the debtor; (d) the cumulative Canadian oil and gas property expense (within the meaning assigned by subsection 66.4(5)) of the debtor; (e) the total determined under paragraph 66(4)(a) in respect of the debtor, where (i) the debtor is resident in Canada throughout that year, and (ii) the amount so applied does not exceed such portion of the total of the debtor’s foreign exploration and development expenses (within the meaning assigned by subsection 66(15)) as were incurred by the debtor before that time and would be deductible under subsection 66(4) in computing the debtor’s income for that year if the debtor had sufficient income described in subparagraph 66(4)(b)(ii) and if that year ended at that time; and (f) the cumulative foreign resource expense (within the meaning assigned by subsection 66.21(1)) of the debtor in respect of a country.
Sous réserve des paragraphes (3) et (4), la dépense, déductible par ailleurs, qu’un contribuable engage ou effectue pour obtenir un espace publicitaire dans un numéro d’un périodique en vue de la publication d’une annonce destinée au marché canadien n’est pas déductible dans le calcul du revenu. Déduction de la totalité de la dépense
If a commercial obligation issued by a debtor is settled at any time and amounts have been designated under subsections (5) and (8) to the maximum extent permitted in respect of the settlement, subject to subsection (18) (a) the remaining unapplied portion of the forgiven amount at that time in respect of the obligation shall be applied (to the extent designated in a prescribed form filed with the debtor’s return of income under this Part for the taxation year that includes that time) to reduce immediately after that time the adjusted cost bases to the debtor of capital properties (other than shares of the capital stock of corporations of which the debtor is a specified shareholder at that time, debts issued by corporations of which the debtor is a specified shareholder at that time, interests in partnerships that are related to the debtor at that time, depreciable property that is not of a prescribed class, personal-use properties and excluded properties) that are owned by the debtor immediately after that time; (b) an amount may be applied under this subsection to reduce, immediately after that time, the capital cost to the debtor of a depreciable property of a prescribed class only to the extent that (i) the capital cost immediately after that time to the debtor of the property (determined without reference to the settlement of the obligation at that time) (ii) its capital cost immediately after that time to the debtor for the purposes of paragraphs 8(1)(j) and 8(1)(p), sections 13 and 20 and any regulations made for the purpose of paragraph 20(1)(a) (determined without reference to the settlement of the obligation at that time); and (c) for the purposes of paragraphs 8(1)(j) and 8(1)(p), sections 13 and 20 and any regulations made for the purpose of paragraph 20(1)(a), no amount shall be considered to have been applied under this subsection. Reduction of adjusted cost bases of certain shares and debts
Un contribuable peut déduire, dans le calcul de son revenu, la dépense qu’il engage ou effectue pour obtenir un espace publicitaire dans un numéro d’un 50% deduction Application
If a commercial obligation issued by a debtor is settled at any time in a taxation year and amounts have been designated by the debtor under subsections (5), (8) and (9) to the maximum extent permitted in respect of the settlement, subject to subsection (18) the remaining unapplied portion of that forgiven amount shall be applied (to the extent that it is designated in a prescribed form filed with the debtor’s return of income under this Part for the year) to reduce immediately after that time the adjusted cost bases to the debtor of capital properties, owned by the debtor immediately after that time, that are shares of the capital stock of corporations of which the debtor is a specified shareholder at that time and debts issued by corporations of which the debtor is a specified shareholder at that time (other than shares of the capital stock of corporations related to the debtor at that time, debts issued by corporations related to the debtor at that time and excluded properties). Reduction of adjusted cost bases of certain shares, debts and partnership interests
For the purposes of subsections (3) and (4), Income Tax PART I Income Tax DIVISION B Computation of Income
If a commercial obligation issued by a debtor is settled at any time in a taxation year and amounts have been designated by the debtor under subsections (5), (8), (9) and (10) to the maximum extent permitted in respect of the settlement, subject to subsection (18) the remaining unapplied portion of that forgiven amount shall be applied (to the extent that it is designated in a prescribed form filed with the debtor’s return of income under this Part for the year) to reduce immediately after that time the adjusted cost bases to the debtor of (a) shares and debts that are capital properties (other than excluded properties and properties the adjusted cost bases of which are reduced at that time under subsection 80(9) or 80(10)) of the debtor immediately after that time; and (b) interests in partnerships that are related to the debtor at that time that are capital properties (other than excluded properties) of the debtor immediately after that time.
Exception Definitions [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1974-75-76, c. 106, s. 3; 1977-78, c. 1, s. 133; 1985, c. 45, s. 126(F). Impôt sur le revenu
If a commercial obligation issued by a debtor (other than a partnership) is settled at any time in a taxation year and amounts have been designated by the debtor under subsections (5), (8) and (9) to the maximum extent permitted in respect of the settlement, (a) the debtor shall be deemed to have a capital gain for the year from the disposition of capital property (or, where the debtor is non-resident at the end of the year, taxable Canadian property), equal to the lesser of (i) the remaining unapplied portion of the forgiven amount at that time in respect of the obligation, and (ii) the amount, if any, by which the total of (A) all of the debtor’s capital losses from the dispositions of properties (other than listed personal properties and excluded properties), and (B) twice the amount that would, because of subsection 88(1.2), be deductible under paragraph 111(1)(b) in computing the debtor’s taxable income for the year, if the debtor had sufficient income and taxable capital gains for the year, exceeds the total of (C) all of the debtor’s capital gains for the year from the dispositions of such properties (determined without reference to this subsection), and (D) all amounts each of which is an amount deemed by this subsection to be a capital gain of the debtor for the year as a consequence of the application of this subsection to other commercial obligations settled before that time; and (b) the forgiven amount at that time in respect of the obligation shall be considered to have been applied under this subsection to the extent of the amount deemed by this subsection to be a capital gain of the debtor for the year as a consequence of the application of this subsection to the settlement of the obligation at that time.
Where a commercial obligation issued by a debtor is settled at any time in a taxation year, there shall be added, in computing the debtor’s income for the year from the source in connection with which the obligation was issued, the amount determined by the formula A is the remaining unapplied portion of the forgiven amount at that time in respect of the obligation, B is the lesser of (a) the total of all amounts designated under subsection 80(11) by the debtor in respect of the settlement of the obligation at that time, and (b) the residual balance at that time in respect of the settlement of the obligation, C is the total of all amounts each of which is an amount specified in an agreement filed under section 80.04 in respect of the settlement of the obligation at that time, (a) if the debtor has designated amounts under subsections (5), (8), (9) and (10) to the maximum extent permitted in respect of the settlement, the amount, if any, by which (i) the total of all amounts each of which is an unrecognized loss at that time, in respect of the obligation, from the disposition of a property exceeds (ii) twice the total of all amounts each of which is an amount by which the amount determined before that time under this subsection in respect of a settlement of an obligation issued by the debtor has been reduced because of an amount determined under this paragraph, and (b) in any other case, nil, and (a) where the debtor is a partnership, 1 and (b) in any other case, 1/2.
For the purpose of subsection 80(13), the residual balance at any time in a taxation year in respect of the settlement of a particular commercial obligation issued by a debtor is the amount, if any, by which (a) the gross tax attributes of directed persons at that time in respect of the debtor exceeds the total of (b) the value of A in subsection 80(13) in respect of the settlement of the particular obligation at that time, (c) all amounts each of which is (i) the amount, if any, by which the value of A in subsection 80(13) in respect of a settlement before that time and in the year of a commercial obligation issued by the debtor exceeds the value of C in that subsection in respect of the settlement, (ii) the value of A in subsection 80(13) in respect of a settlement of a commercial obligation that is deemed by paragraph 80.04(4)(e) to have been issued by a directed person in respect of the debtor because of the filing of an agreement under section 80.04 in respect of a settlement before that time and in the year of a commercial obligation issued by the debtor, or (iii) the amount specified in an agreement (other than an agreement with a directed person in respect of the debtor) filed under section 80.04 in respect of the settlement before that time and in the year of a commercial obligation issued by the debtor, and (d) all amounts each of which is an amount in respect of a settlement at a particular time before that time and in the year of a commercial obligation issued by the debtor equal to the least of (i) the total of all amounts designated under subsection 80(11) in respect of the settlement, (ii) the residual balance of the debtor at the particular time, and (iii) the amount, if any, by which the sum of the values of A and B in subsection 80(3) in respect of the settlement exceeds the value of C in that subsection in respect of the settlement. (14.1) The gross tax attributes of directed persons at any time in respect of a debtor means the total of all amounts each of which is an amount that would be applied under any of subsections 80(3) to 80(10) and 80(12) in respect of a settlement of a separate commercial obligation (in this subsection referred to as a “notional obligation”) issued by directed persons at that time in respect of the debtor if the following assumptions were made: (a) a notional obligation was issued immediately before that time by each of those directed persons and was settled at that time; (b) the forgiven amount at that time in respect of each of those notional obligations was equal to the total of all amounts each of which is a forgiven amount at or before that time and in the year in respect of a commercial obligation issued by the debtor; (c) amounts were designated under subsections (5), (8), (9) and (10) by each of those directed persons to the maximum extent permitted in respect of the settlement of each of those notional obligations; and (d) no amounts were designated under subsection 80(11) by any of those directed persons in respect of the settlement of any of the notional obligations. Members of partnerships
Where a commercial debt obligation issued by a partnership (in this subsection referred to as the “partnership obligation”) is settled at any time in a fiscal period of the partnership that ends in a taxation year of a member of the partnership, (a) the member may deduct, in computing the member’s income for the year, such amount as the member claims not exceeding the relevant limit in respect of the partnership obligation; (b) for the purpose of paragraph (a), the relevant limit in respect of the partnership obligation is the amount that would be included in computing the member’s income for the year as a consequence of the application of subsection (13) and section 96 to the settlement of the partnership obligation if the partnership had designated amounts under subsections (8), (8), (9) and (10) to the maximum extent permitted in respect of each obligation settled in that fiscal period and if income that would be included under subsection (13) were from a source of income separate from any other sources of partnership income; and (c) for the purposes of this section and section 80.04, (i) the member shall be deemed to have issued a commercial debt obligation that was settled at the end of that fiscal period, (ii) the amount deducted under paragraph 80(15)(a) in respect of the partnership obligation in computing the member’s income shall be treated as if it were the forgiven amount at the end of that fiscal period in respect of the obligation referred to in subparagraph 80(15)(c)(i), (iii) subject to subparagraph 80(15)(c)(iv), the obligation referred to in subparagraph 80(15)(c)(i) shall be deemed to have been issued at the same time at which, and in the same circumstances in which, the partnership obligation was issued, (iv) if the member is a taxpayer that was subject to a loss restriction event at a particular time that is before the end of that fiscal period and before the taxpayer became a member of the partnership, and the partnership obligation was issued before the particular time, (A) subject to the application of this subparagraph to the taxpayer after the particular time and before the end of that fiscal period, the obligation referred to in subparagraph (i) is deemed to have been issued by the member after the particular time, and (B) subparagraph (b)(ii) of the definition relevant loss balance in subsection (1), paragraph (f) of the definition successor pool in that subsection and paragraph (b) of the definition unrecognized loss in that subsection do not apply in respect of the loss restriction event, and (v) the source in connection with which the obligation referred to in subparagraph 80(15)(c)(i) was issued shall be deemed to be the source in connection with which the partnership obligation was issued. Designations by Minister
b) si un numéro d’un périodique est publié en une seule version, cette version est une édition d’un numéro. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2001, ch. 17, art. 12. Limitation des frais de publicité des entreprises de radiodiffusion
Where a commercial obligation issued by a debtor is settled at any time in a taxation year and, as a consequence of the settlement an amount would, but for this subsection, be included under section 6.1.2 or 6.1.3 in computing the debtor’s income for the year and the debtor has not designated amounts under subsections 80(5) to 80(11) to the maximum extent possible in respect of the settlement, (a) the Minister may designate amounts under subsections 80(5) to 80(11) to the extent that the debtor would have been permitted to designate those amounts; and (b) the amounts designated by the Minister shall, except for the purpose of this subsection, be deemed to have been designated by the debtor as required by subsections 80(5) to 80(11). Partnership designations
Exception
Where a commercial obligation issued by a partnership is settled at any time after December 20, 1994, the amount designated under subsection 80(9), 80(10) or 80(11) in respect of the settlement by the partnership to reduce the adjusted cost base of a capital property acquired shall not exceed the amount, if any, by which the adjusted cost base at that time to the partnership of the property exceeds the fair market value at that time of the property. commercial debt obligation has the meaning assigned by subsection 80(1); (créance commerciale) commercial obligation has the meaning assigned by subsection 80(1); (dette commerciale) debtor has the meaning assigned by subsection 80(1); (débiteur) distress preferred share has the meaning assigned by subsection 80(1); (action privilégiée de renflouement) forgiven amount has the meaning assigned by subsection 80(1) except that, where an amount would be included in computing a person’s income under paragraph 6(1)(a) or subsection 15(1) as a consequence of the settlement of an obligation if the obligation were settled without any payment being made in satisfaction of its principal amount, forgiven amount in respect of that obligation has the meaning assigned by subsection 6(15.1) or 15(1.21), as the case may be; (montant remis) person has the meaning assigned by subsection 80(1); (personne) (a) where the obligation is capital property of the person at that time, the adjusted cost base at that time to the person of the obligation, and
Dans le calcul du revenu, une déduction peut être faite au titre d’une dépense engagée ou effectuée avant le 22 septembre 1977 pour de la publicité essentiellement destinée au marché canadien et faite par une entreprise étrangère de radiodiffusion en vertu a) soit d’un accord écrit conclu au plus tard le 23 janvier 1975; b) soit d’un accord écrit conclu entre le 23 janvier 1975 et le 22 septembre 1976, à condition qu’il ne puisse dépasser un an ni, d’après ses modalités expresses, être prolongé ni renouvelé. Définitions
For the purposes of this section, (b) a person has a significant interest in a corporation at any time if the person owned at that time (i) shares of the capital stock of the corporation that would give the person 25% or more of the votes that could be cast under all circumstances at an annual meeting of shareholders of the corporation, or (ii) shares of the capital stock of the corporation having a fair market value of 25% or more of the fair market value of all the issued shares of the capital stock of the corporation and, for the purposes of this paragraph, a person shall be deemed to own at any time each share of the capital stock of a corporation that is owned, otherwise than because of this paragraph, at that time by another person with whom the person does not deal at arm’s length. Deemed settlement on amalgamation
Les définitions qui suivent s’appliquent au présent article. entreprise étrangère de radiodiffusion Entreprise d’émission de radiodiffusion ou d’exploitation d’un réseau situé à l’étranger ou sur un navire ou un aéronef non immatriculés au Canada. (foreign broadcasting undertaking) réseau Est comprise dans un réseau toute exploitation à laquelle participent plusieurs entreprises de radiodiffusion et le contrôle de tout ou partie des émissions ou des horaires de programmation des entreprises de radiodiffusion participant à l’exploitation est délégué à un exploitant de réseau. (network) [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1974-75-76, ch. 106, art. 3; 1977-78, ch. 1, art. 133; 1985, ch. 45, art. 126(F). Déductions admises dans le calcul du revenu tiré d’une entreprise ou d’un bien 20 (1) Malgré les alinéas 18(1)a), b) et h), sont déductibles dans le calcul du revenu tiré par un contribuable d’une entreprise ou d’un bien pour une année d’imposition celles des sommes suivantes qui se rapportent Income Tax PART I Income Tax DIVISION B Computation of Income
Where a commercial obligation or another obligation (in this subsection referred to as the “indebtedness”) of a debtor that is a corporation to pay an amount to another corporation (in this subsection referred to as the “creditor”) is settled on an amalgamation of the debtor and the creditor, the indebtedness shall be deemed to have been settled immediately before the time that is immediately before the amalgamation by a payment made by the debtor and received by the creditor of an amount equal to the amount that would have been the creditor’s cost amount of the indebtedness at that time if (a) the definition cost amount in subsection 248(1) were read without reference to paragraph (e) of that definition; and (b) that cost amount included amounts added in computing the creditor’s income in respect of the portion of the indebtedness representing unpaid interest, to the extent those amounts have not been deducted in computing the creditor’s income as bad debts in respect of that unpaid interest. Deemed settlement on winding-up
(b) the lesser of Interest Impôt sur le revenu
Where there is a winding-up of a subsidiary to which the rules in subsection 88(1) apply and (a) a debt or other obligation (in this subsection referred to as the “subsidiary’s obligation”) of the subsidiary to pay an amount to the parent, or (b) a debt or other obligation (in this subsection referred to as the “parent’s obligation”) of the parent to pay an amount to the subsidiary is, as a consequence of the winding-up, settled at a particular time without any payment of an amount or by the payment of an amount that is less than the principal amount of the subsidiary’s obligation or the parent’s obligation, as the case may be, (c) where that payment is less than the amount that would have been the cost amount to the parent or subsidiary of the subsidiary’s obligation or the parent’s obligation immediately before the particular time if the definition cost amount in subsection 248(1) were read without reference to paragraph (e) of that definition and the parent so elects in a prescribed form on or before the day on or before which the parent is required to file a return of income pursuant to section 150 for the taxation year that includes the particular time, the amount paid at that time in satisfaction of the principal amount of the subsidiary’s obligation or the parent’s obligation shall be deemed to be equal to the amount that would be the cost amount to the parent or the subsidiary, as the case may be, of the subsidiary’s obligation or the parent’s obligation immediately before the particular time if (i) the definition cost amount in subsection 248(1) were read without reference to paragraph (e) of that definition, and (ii) that cost amount included amounts added in computing the parent’s income or the subsidiary’s income in respect of the portion of the indebtedness representing unpaid interest, to the extent that the parent or the subsidiary has not deducted any amounts as bad debts in respect of that unpaid interest, and (d) for the purposes of applying section 80 to the subsidiary’s obligation, where property is distributed at any time in circumstances to which paragraph 88(1)(a) or 88(1)(b) applies and the subsidiary’s obligation is settled as a consequence of the distribution, the subsidiary’s obligation shall be deemed to have been settled immediately before the time that is immediately before the time of the distribution and not at any later time. Deemed settlement on winding-up
Where there is a winding-up of a subsidiary to which the rules in subsection 88(1) apply and, as a consequence of the winding-up, a distress preferred share issued by the subsidiary and owned by the parent (or a distress preferred share issued by the parent and owned by the subsidiary) is settled at any time without any payment of an amount or by the payment of an amount that is less than the principal amount of the share, (a) where the payment was less than the adjusted cost base of the share to the parent or the subsidiary, as the case may be, immediately before that time, for the purposes of applying the provisions of this Act to the issuer of the share, the amount paid at that time in satisfaction of the principal amount of the share shall be deemed to be equal to its adjusted cost base to the parent or to the subsidiary, as the case may be; and (b) for the purposes of applying section 80 to the share, where property is distributed at any time in circumstances to which paragraph 88(1)(a) or 88(1)(b) applies and the share is settled as a consequence of the distribution, the share shall be deemed to have been settled immediately before the time that is immediately before the time of the distribution and not at any later time. Deemed settlement on SIFT trust wind-up event (5.1) If a trust that is a SIFT wind-up entity is the only beneficiary under another trust (in this subsection referred to as the “subsidiary trust”), and a capital property that is a debt or other obligation (in this subsection referred to as the “subsidiary trust’s obligation”) of the subsidiary trust to pay an amount to the SIFT wind-up entity is, as a consequence of a distribution from the subsidiary trust that is a SIFT trust wind-up event, settled at a particular time without any payment of an amount or by the payment of an amount that is less than the principal amount of the subsidiary trust’s obligation (i) the payment is less than the amount that would have been the adjusted cost base to the SIFT wind-up entity of the subsidiary trust’s obligation immediately before the particular time, and (ii) the SIFT wind-up entity elects, in prescribed form on or before the SIFT wind-up entity’s filing due date for the taxation year that includes the particular time, to have paragraph (b) apply; (b) if this paragraph applies, the amount paid at the particular time in satisfaction of the principal amount of the subsidiary trust’s obligation is deemed to be equal to the amount that would be the adjusted cost base to the SIFT wind-up entity of the subsidiary trust’s obligation immediately before the particular time if that adjusted cost base included amounts added in computing the SIFT wind-up entity’s income in respect of the portion of the indebtedness representing unpaid interest, to the extent that the SIFT wind-up entity has not deducted any amounts as bad debts in respect of that unpaid interest; and (c) for the purposes of applying section 80 to the subsidiary trust’s obligation, the subsidiary trust’s obligation is deemed to have been settled immediately before the time that is immediately before the distribution. Specified obligation in relation to debt parking
For the purpose of subsection (7), an obligation issued by a debtor is, at a particular time, a specified obligation of the debtor where (a) at any previous time (other than a time before the last time, if any, the obligation became a parked obligation before the particular time), (i) a person who owned the obligation (A) dealt at arm’s length with the debtor, and (B) where the debtor is a corporation, did not have a significant interest in the debtor, or (ii) the obligation was acquired by the holder of the obligation from another person who was, at the time of that acquisition, not related to the holder or related to the holder only because of paragraph 251(5)(b); or (b) the obligation is deemed by subsection 50(1) to be reacquired at the particular time. Parked obligation
For the purposes of this subsection and subsections (6), (8) and (10), (a) an obligation issued by a debtor is a “parked obligation” at any time where at that time (A) does not deal at arm’s length with the debtor, or (B) where the debtor is a corporation and the holder acquired the obligation after July 12, 1994 (otherwise than pursuant to an agreement in writing entered into on or before July 12, 1994), has a significant interest in the debtor; and (b) an obligation that is, at any time, acquired or reacquired in circumstances to which subparagraph (6)(a)(ii) or paragraph (6)(b) applies shall, if the obligation is a parked obligation immediately after that time, be deemed to have become a parked obligation at that time. Deemed settlement after debt parking
entièrement à cette source de revenus ou la partie des sommes suivantes qu’il est raisonnable de considérer comme s’y rapportant : Coût en capital des biens a) la partie du coût en capital des biens supporté par le contribuable ou le montant au titre de ce coût ainsi supporté que le règlement autorise; Dépenses — constitution en société b) la moins élevée des sommes suivantes : (i) la partie de la somme qui n’est pas par ailleurs déductible dans le calcul du revenu du contribuable et qui est une dépense engagée au cours de l’année au titre de la constitution en société d’une société, (ii) la somme de 3 000 $ réduite du total des sommes dont chacune est une somme déduite par un autre contribuable relativement à la constitution en société de la société; Intérêts c) la moins élevée d’une somme payée au cours de l’année ou payable pour l’année (suivant la méthode habituellement utilisée par le contribuable dans le calcul de son revenu) et d’une somme raisonnable à cet égard, en exécution d’une obligation légale de verser des intérêts sur : (i) de l’argent emprunté et utilisé en vue de tirer un revenu d’une entreprise ou d’un bien (autre que l’argent emprunté et utilisé pour acquérir un bien dont le revenu serait exonéré ou pour contracter une police d’assurance-vie), (ii) une somme payable pour un bien acquis en vue d’en tirer un revenu ou de tirer un revenu d’une entreprise (à l’exception d’un bien dont le revenu serait exonéré ou à l’exception d’un bien représentant un intérêt dans une police d’assurance-vie), (iii) une somme payée au contribuable : (A) en vertu d’une loi de crédits et selon les modalités approuvées par le Conseil du Trésor en vue de relever ou de maintenir le niveau de compétence technologique des industries manufacturières canadiennes ou d’autres industries canadiennes, (B) en vertu des Règlements sur l’aide à l’exploration minière dans le Nord, pris en vertu d’une loi de crédits qui prévoit les paiements à effectuer relativement au Programme de subventions visant les minéraux dans le Nord, Expenses re financing (B) in respect of an amount payable described in subparagraph 20(1)(e)(ii.1), and in the case of a rescheduling or restructuring, the rescheduling or restructuring, as the case may be, provides for the modification of the terms or conditions of the debt obligation or the conversion or substitution of the debt obligation to or with a share or another debt obligation, (including a commission, fee, or other amount paid or payable for or on account of services rendered by a person as a salesperson, agent or dealer in securities in the course of the issuance, sale or borrowing) that is the lesser of (iii) that proportion of 20% of the expense that the number of days in the year is of 365 and (iv) the amount, if any, by which the expense exceeds the total of all amounts deductible by the taxpayer in respect of the expense in computing the taxpayer’s income for a preceding taxation year, and for the purposes of this paragraph, (iv.1) excluded amount means (A) an amount paid or payable as or on account of the principal amount of a debt obligation or interest in respect of a debt obligation, (B) an amount that is contingent or dependent on the use of, or production from, property, or (C) an amount that is computed by reference to revenue, profit, cash flow, commodity price or any other similar criterion or by reference to dividends paid or payable to shareholders of any class of shares of the capital stock of a corporation, (v) where in a taxation year all debt obligations in respect of a borrowing described in subparagraph 20(1)(e)(ii) or in respect of indebtedness described in subparagraph 20(1)(e)(ii.1) are settled or extinguished (otherwise than in a transaction made as part of a series of borrowings or other transactions and repayments), by the taxpayer for consideration that does not include any unit, interest, share or debt obligation of the taxpayer or any person with whom the taxpayer does not deal at arm’s length or any partnership or trust of which the taxpayer or any person with whom the taxpayer does not deal at arm’s length is a member or beneficiary, this paragraph shall be read without reference to the (ii.1) et que, s’il s’agit de la révision du calendrier des paiements ou de la restructuration de la créance, la révision ou la restructuration prévoit la modification des conditions de la créance, sa conversion en une action ou en une autre créance ou son remplacement par une action ou par une autre créance, (y compris les commissions, honoraires et autres montants payés ou payables au titre de services rendus par une personne en tant que vendeur, mandataire ou courtier en valeurs dans le cadre de l’émission, de la vente ou de l’emprunt) égale au moins élevé des montants suivants : (iii) le produit de 20 % de la dépense et du rapport entre le nombre de jours de l’année et 365, (iv) l’excédent éventuel de la dépense sur le total des montants déductibles par le contribuable au titre de la dépense dans le calcul de son revenu pour les années d’imposition antérieures; toutefois : (iv.1) montant exclu s’entend des montants suivants : (A) un montant payé ou payable au titre du principal d’une créance ou des intérêts afférents à une créance, (B) un montant qui est conditionnel à l’utilisation de biens ou qui dépend de la production en provenant, (C) un montant calculé en fonction des recettes, des bénéfices, du flux de trésorerie, du prix des marchandises ou d’un critère semblable ou en fonction des dividendes versés ou payables aux actionnaires d’une catégorie d’actions du capital-actions d’une société, (v) dans le cas où toutes les obligations découlant d’un emprunt visé au sous-alinéa (ii) ou d’une dette visée au sous-alinéa (ii.1) sont réglées ou éteintes au cours d’une année d’imposition — autrement que dans le cadre d’une opération faisant partie d’une série d’emprunts ou d’autres opérations et remboursements — par le contribuable pour une contrepartie qui ne comprend pas d’unités, de participations, d’actions ou de créances du contribuable ou d’une personne ayant un lien de dépendance avec celui-ci ou d’une société de personnes ou fiducie dont le contribuable ou une telle personne est un associé ou un bénéficiaire, la partie de la dépense visée au présent alinéa est égale à l’excédent éventuel de la dépense sur le total des montants déductibles par le contribuable au titre de la dépense dans le calcul de son revenu pour les années d’imposition antérieures, (vi) dans le cas où une société de personnes cesse d’exister : (A) aucun montant n’est déductible par la société de personnes en application du présent alinéa dans le calcul de son revenu pour son dernier exercice, (B) la personne ou société de personnes qui était un associé de la société de personnes après le moment qui précède immédiatement la fin du dernier exercice de la société de personnes (appelé « moment donné » à la présente division) peut déduire, pour une année d’imposition se terminant après ce moment donné, le produit de la multiplication du montant qui serait déductible par la société de personnes au cours de l’exercice se terminant dans l’année en application du présent alinéa si elle n’avait pas cessé d’exister et si la participation dans la société de personnes n’avait pas été rachetée, acquise ou annulée, par le rapport entre la juste valeur marchande de la participation de cet associé dans la société de personnes au moment donné et la juste valeur marchande de toutes les participations dans la société de personnes au moment donné; Frais annuels e.1) un montant payable par le contribuable — sauf s’il s’agit d’un paiement qui est conditionné à l’utilisation de biens, qui dépend de la production en provenant ou qui est calculé en fonction des recettes, des bénéfices, de la marge d’autofinancement, du prix des marchandises ou d’un critère semblable ou en fonction des dividendes versés ou payables aux actionnaires d’une catégorie d’actions du capital-actions d’une société — à titre de frais d’ouverture de crédit, de frais de garantie, d’honoraires de registraire, de frais de dépôt ou de transfert, de frais de service ou d’autres frais semblables, qui est raisonnable de considérer comme se rapportant uniquement à l’année et que le contribuable engage, selon le cas : (i) en vue d’emprunter de l’argent qu’il a l’intention d’utiliser en vue de tirer un revenu d’une entreprise ou d’un bien, à l’exception d’argent qu’il utilise en vue d’acquérir un bien qui produirait un revenu exonéré, Premiums on life insurance — collateral Discount on certain obligations Rabais sur émission de certains titres f) une somme payée au cours de l’année en acquittement du principal de quelque obligation, effet, billet, créance hypothécaire ou titre semblable émis par le contribuable après le 18 juin 1971 et sur lequel un intérêt a été déclaré payable, dans la mesure où la somme ainsi payée ne dépasse pas : (i) chaque fois que le titre a été émis pour une somme non inférieure aux 97 % de son principal et que le rendement du titre, exprimé en pourcentage annuel de la somme pour laquelle il a été émis (pourcentage annuel qui doit, si les conditions d’émission du titre ou les dispositions d’une convention y afférente investissent le détenteur le droit d’exiger le paiement du principal du titre ou de la somme restant à rembourser sur ce principal avant l’échéance de ce titre, être calculé sur la base du rendement qui produit le pourcentage annuel le plus élevé possible soit à l’échéance du titre, soit sous réserve de l’exercice de tout droit de ce genre) ne dépasse pas les 4/3 de l’intérêt déclaré payable sur le titre, exprimé en pourcentage annuel : (A) du principal du titre, si aucune somme n’est payable sur le principal avant l’échéance du titre, (B) de la somme restant à rembourser sur le principal du titre, dans les autres cas, l’excédent du moins élevé du principal du titre et du total des sommes payées au cours de l’année ou d’une année antérieure en acquittement du principal de ce titre sur la somme pour laquelle le titre a été émis, (ii) dans les autres cas, la moitié du moins élevé de la somme ainsi payée et de l’excédent du moins élevé du principal du titre et du total des sommes payées au cours de l’année ou d’une année d’imposition antérieure en acquittement du principal du titre sur la somme pour laquelle le titre a été émis; Frais de transfert d’actions et autres g) lorsque le contribuable est une société : (i) une somme payable au cours de l’année à titre d’honoraires pour services rendus par une personne en sa qualité d’agent comptable des transferts ou d’agent préposé aux transferts d’actions du capital-actions du contribuable, ou en sa qualité d’agent préposé à la remise, aux actionnaires du contribuable, de dividendes déclarés par cette société, Income Tax PART I Income Tax DIVISION B Computation of Income
Where at any particular time after February 21, 1994 a commercial debt obligation that was issued by a debtor becomes a parked obligation (otherwise than pursuant to an agreement in writing entered into before February 22, 1994) and the specified cost at the particular time to the holder of the obligation is less than 80% of the principal amount of the obligation, for the purpose of applying the provisions of this Act to the debtor (a) the obligation shall be deemed to have been settled at the particular time; and (b) the forgiven amount at the particular time in respect of the obligation shall be determined as if the debtor had paid an amount at the particular time in satisfaction of the principal amount of the obligation equal to that specified cost.
Doubtful or impaired debts Impôt sur le revenu
Where at any particular time after February 21, 1994 a commercial debt obligation issued by a debtor that is payable to a person (other than a person with whom the debtor is related at that particular time) becomes unenforceable on account of a creditor’s neglect or omission under a statutory limitation period and the obligation would, but for this subsection, not have been settled or extinguished at the particular time, for the purpose of applying the provisions of this Act to the debtor, the obligation shall be deemed to have been settled at the particular time. Subsequent payments in satisfaction of debt
Where a commercial debt obligation issued by a debtor is first deemed by subsection (8) or (9) to have been settled at a particular time, at a subsequent time a payment is made by the debtor of an amount in satisfaction of the principal amount of the obligation and it cannot reasonably be considered that one of the reasons the obligation became a parked obligation or became unenforceable, as the case may be, before the subsequent time was to have this subsection apply to the payment, in computing the debtor’s income for the taxation year (in this subsection referred to as the “subsequent year”) that includes the subsequent time from the source in connection with which the obligation was issued, there may be deducted the amount determined by the formula A is the amount of the payment, B is the amount, if any, by which (a) the principal amount of the obligation exceeds the total of (b) all amounts each of which is a forgiven amount at any time (i) in the period that began at the particular time and ended immediately before the subsequent time, and (ii) at which a particular portion of the obligation is deemed by subsection (8) or (9) to be settled in respect of the particular portion, and (c) all amounts paid in satisfaction of the principal amount of the obligation in the period that began at the particular time and ended immediately before the subsequent time, and C is the amount, if any, by which the total of (a) all amounts deducted under section 61.3 in computing the debtor’s income for the subsequent year or a preceding taxation year, (b) all amounts added because of subsection 80(13) in computing the debtor’s income for the subsequent year or a preceding taxation year in respect of a settlement under subsection (8) or (9) in a period during which the debtor was exempt from tax under this Part on its taxable income, and (c) all amounts added because of subsection 80(13) in computing the debtor’s income for the subsequent year or a preceding taxation year in respect of a settlement under subsection (8) or (9) in a period during which the debtor was non-resident (other than any of those amounts added in computing the debtor’s taxable income or taxable income earned in Canada) exceeds the total of (d) the amount, if any, deducted because of paragraph 37(1)(f.1) in determining the balance determined under subsection 37(1) in respect of the debtor immediately after the subsequent year, and (e) all amounts by which the amount deductible under this subsection in respect of a payment made by the debtor before the subsequent time in computing the debtor’s income for the subsequent year or a preceding year has been reduced because of this description.
Where an obligation issued by a debtor is denominated in a currency (other than the Canadian currency) and the obligation is deemed by subsection (8) or (9) to have been settled, those subsections do not apply for the purpose of determining any gain or loss of the debtor on the settlement that is attributable to a fluctuation in the value of the currency relative to the value of Canadian currency.
General rules for distress preferred shares
(iii) une somme payable au cours de l’année, à titre d’honoraires, à une bourse de valeurs pour l’admission à la cote des actions du capital-actions du contribuable, (iii) une dépense engagée durant l’année à l’occasion de la publication et de l’envoi d’un rapport financier aux actionnaires du contribuable ou à toute autre personne qui a le droit, selon la loi, de recevoir un semblable rapport; Remboursement d’un emprunt par un actionnaire j) la partie remboursée, au cours de l’année, de toute dette ou de tout emprunt du contribuable, de quelque emprunt ou dette et incluse, en vertu du paragraphe 15(2), dans le calcul de son revenu pour une année d’imposition antérieure (sauf dans la mesure où le montant de l’emprunt ou de la dette était déductible du revenu du contribuable pour le calcul de son revenu imposable pour cette année d’imposition antérieure) s’il est établi par des événements postérieurs ou d’une autre façon que le remboursement n’a pas été effectué dans le cadre d’une série d’emprunts ou d’autres opérations et de remboursements; Créances douteuses l) la provision égale au total des montants suivants : (i) un montant raisonnable au titre de créances douteuses (sauf une créance à laquelle s’applique le sous-alinéa (ii)) inclus dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure, (ii) si le contribuable est une institution financière au sens du paragraphe 142.2(1) au cours de l’année ou si son activité d’entreprise habituelle consiste en tout ou en partie à prêter de l’argent, un montant au titre de biens (sauf un bien évalué à la valeur du marché au sens de ce paragraphe) qui sont des prêts ou des titres de crédit douteux soit qui comptent parmi ses titres de créance déterminés au sens de ce paragraphe, soit qu’il consent ou acquiert dans le cours normal de son entreprise d’assurance ou des prêts d’argent, égal au total des montants suivants : (A) le pourcentage, jusqu’à concurrence de 100 %, qu’il demande du montant de provision prescrit pour lui pour l’année, (B) en ce qui concerne les prêts, titres de crédit ou titres de créance déterminés douteux pour lesquels un montant n’est pas déductible pour l’année par l’effet de la division (A) (chacun étant
For the purpose of applying the provisions of this Act to an issuer of a distress preferred share, (a) the principal amount, at any time, of the share shall be deemed to be the amount (determined at that time) for which the share was issued; (b) the amount for which the share was issued shall, at any time, be deemed to be the amount, including the total of (i) the amount for which the share was issued, determined without reference to this paragraph, and (ii) all amounts by which the paid-up capital in respect of the share increased after the share was issued and before that time (iii) the total of all amounts each of which is an amount paid before that time on a reduction of the paid-up capital in respect of the share, except to the extent that the amount is deemed by section 84 to have been paid as a dividend; (c) the share shall be deemed to be settled at such time as it is redeemed, acquired or cancelled by the issuer; and (d) a payment in satisfaction of the principal amount of the share is any payment made on a reduction of the paid-up capital in respect of the share to the extent that the payment would be proceeds of disposition of the share within the meaning that would be assigned by the definition proceeds of disposition in section 54 if that definition were read without reference to paragraph (j). Substitution of distress preferred share for debt
where Manufacturer’s warranty reserve avec les principes comptables généralement reconnus; Provision relative à certaines marchandises et à certains services m) sous réserve du paragraphe (6), lorsque des sommes visées à l’alinéa 12(1)a) ont été incluses dans le calcul du revenu tiré par un contribuable d’une entreprise, pour l’année ou une année antérieure, une somme raisonnable à titre de provision dans les cas suivants : (i) de marchandises qui, selon ce qu’il est raisonnable de prévoir, devront être livrées après la fin de l’année, (ii) de services qui, selon ce qu’il est raisonnable de prévoir, devront être rendus après la fin de l’année, (iii) de périodes pour lesquelles le loyer ou d’autres sommes relatives à la possession ou à l’usage d’un fonds de terre ou de biens meubles ou personnels ont été payées à l’avance, (iv) de remboursements, en vertu d’arrangements ou d’ententes de la catégorie visée au sous-alinéa 12(1)a)(ii), qui, selon ce qu’il est raisonnable de prévoir, devront être faits après la fin de l’année sur le retour ou revente au contribuable d’articles autres que des bouteilles; Provision pour garantie du fabricant
Where any part of the consideration given by a corporation to another person for the settlement or extinguishment at any time of a commercial debt obligation that was issued by the corporation and owned immediately before that time by the other person consists of a distress preferred share issued by the corporation to the other person, (a) for the purposes of section 80, the amount paid at that time in satisfaction of the principal amount of the obligation because of the issue of that share shall be deemed to be equal to the lesser of (i) the principal amount of the obligation, and (ii) the amount by which the paid-up capital in respect of the class of shares that include that share increases because of the issue of that share; and (b) for the purpose of subparagraph (2)(b)(ii), the amount for which the share was issued shall be deemed to be equal to the amount deemed by paragraph (a) to have been paid at that time. Substitution of commercial debt obligation for distress preferred share
m.1) lorsqu’un montant visé à l’alinéa 12(1)a) a été inclus dans le calcul du revenu du contribuable tiré d’une entreprise pour l’année ou une année d’imposition antérieure, une montant raisonnable à titre de provision à l’égard de marchandises ou des services qui seront, selon ce qu’il est raisonnable de prévoir, livrés ou rendus après la fin de l’année conformément à une convention de garantie prolongée : (i) que le contribuable a conclue avec une personne avec laquelle il n’avait aucun lien de dépendance, (ii) qui n’impose au contribuable que l’unique obligation de fournir ces marchandises ou ces services à l’égard des biens fabriqués par le contribuable ou par une société qui lui est liée, ne dépassant pas la partie de la somme payée ou payable par le contribuable à un assureur qui exploite une entreprise d’assurance au Canada, dans le but d’assurer l’obligation que lui impose la convention, relativement à une dépense engagée ou effectuée après le 11 décembre 1979, à l’égard de la période postérieure à la fin de l’année; Reserve for quadrennial survey Bad debts (p) the total of Remboursement d’un montant antérieurement inclus dans le revenu
Where any part of the consideration given by a corporation to another person for the settlement at any time of a distress preferred share that was issued by the corporation and owned immediately before that time by the other person consists of a commercial debt obligation issued by the corporation to the other person, for the purposes of section 80 (a) the amount paid at that time in satisfaction of the principal amount of the share because of the issue of that obligation shall be deemed to be equal to the principal amount of the obligation; and (b) the amount for which the obligation was issued shall be deemed to be equal to its principal amount. Substitution of distress preferred share for other distress preferred share
m.2) un remboursement au cours de l’année par le contribuable d’un montant qui, en application de l’alinéa 12(1)a), doit être inclus dans le calcul de son revenu tiré d’une entreprise pour l’année ou une année d’imposition antérieure;
Where any part of the consideration given by a corporation to another person for the settlement at any time of a particular distress preferred share that was issued by the corporation and owned immediately before that time by the other person consists of another distress preferred share issued by the corporation to the other person, for the purposes of section 80 (a) the amount paid at that time in satisfaction of the principal amount of the particular share because of the issue of the other share shall be deemed to be equal to the amount by which the paid-up capital in respect of the class of shares that includes the other share increases because of the issue of the other share; and (b) for the purpose of subparagraph (2)(b)(i), the amount for which the other share was issued shall be deemed to be equal to the amount deemed by paragraph (a) to have been paid at that time. Substitution of non-commercial obligation for distress preferred share
m.3) le montant non amorti à la fin de l’année relatif à la somme qui a été reçue en sus du principal d’une obligation (appelée « ancienne obligation » au présent alinéa) que l’émetteur reçoit au cours de l’année, ou d’une année antérieure, à l’émission de l’obligation (appelée « nouvelle obligation » au présent alinéa) si les énoncés ci-après s’appliquent : (i) les conditions de la nouvelle obligation sont identiques à celles d’obligations émises antérieurement par le contribuable (appelées « anciennes obligations »), à l’exception de la date d’émission et du principal total des obligations, (ii) les anciennes obligations ont été émises dans le cadre d’une émission initiale (appelée « émission initiale » au présent alinéa) d’obligations par le contribuable, (iii) le taux d’intérêt qui s’appliquait aux anciennes obligations au moment de l’émission initiale était raisonnable, (iv) la nouvelle obligation est émise à la réouverture de l’émission initiale, (v) le montant de la prime au moment de l’émission de la nouvelle obligation est raisonnable, (vi) le montant de la prime a été inclus dans le revenu du contribuable pour l’année ou pour une année d’imposition antérieure; Provision pour montants impayés n) lorsqu’une somme incluse dans le calcul du revenu du contribuable tiré d’une entreprise pour l’année ou pour une année d’imposition antérieure à l’égard de biens vendus dans le cours des activités de l’entreprise est payable au contribuable après la fin de l’année et que tout ou partie de cette somme, au moment de la vente, n’est pas due avant une date qui tombe au moins deux ans après ce moment (sauf si les biens constituent des biens immeubles ou réels), un montant raisonnable à titre de provision se rapportant à toute partie de la somme qu’il est raisonnable de considérer comme une partie du bénéfice résultant de la vente; Income Tax PART I Income Tax DIVISION B Computation of Income
Where any part of the consideration given by a corporation to another person for the settlement at any time of a distress preferred share that was issued by the corporation and owned immediately before that time by the other person consists of another share (other than a distress preferred share) or an obligation (other than a commercial obligation) issued by the corporation to the other person, for the purposes of section 80, the amount paid at that time in satisfaction of the principal amount of the share or obligation shall be deemed to be equal to the fair market value of the other share or obligation, as the case may be, at that time. Deemed settlement on expiry of term
Employer’s contributions to RPP or PRPP Patronage dividends (v.1) [Repealed, 2003, c. 28, s. 3] Impôt sur le revenu
Where at any time a distress preferred share becomes a share that is not a distress preferred share, for the purposes of section 80 (a) the share shall be deemed to have been settled immediately before that time; and (b) a payment equal to the fair market value of the share at that time shall be deemed to have been made immediately before that time in satisfaction of the principal amount of the share. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1995, c. 21, s. 27.
Deferred recognition of debtor’s gain on settlement of debt
Where at any time in a taxation year a person (in this subsection referred to as the “transferor”) surrenders a particular capital property (other than a distress preferred share) that is a share, a capital interest in a trust or an interest in a partnership, the person shall be deemed to have a capital gain from the disposition at that time of another capital property (or, where the particular property is a taxable Canadian property, another taxable Canadian property) equal to the amount, if any, by which (a) the total of all amounts deducted under paragraph 53(2)(g.1) in computing the adjusted cost base to the transferor of the particular property immediately before that time exceeds the total of (b) the amount that would be the transferor’s capital gain for the year from the disposition of the particular property if this Act were read without reference to subsection 100(2), and (c) where, at the end of the year, the transferor is resident in Canada or is a non-resident person who carries on business in Canada through a fixed place of business, the amount designated under subsection (7) by the transferor in respect of the disposition, at that time or immediately after that time, of the particular property.
For the purpose of subsection (2), a person shall be considered to have surrendered a property at any time only where (a) in the case of a share of the capital stock of a particular corporation, (i) the person is a corporation that disposed of the share at that time and the proceeds of disposition of the share are determined under paragraph 88(1)(b), or (ii) the person is a corporation that owned the share at that time and, immediately after that time, amalgamates or merges with the particular corporation; (b) in the case of a capital interest in a trust, the person disposed of the interest at that time and the proceeds of disposition are determined under paragraph 107(2)(c); and (c) in the case of an interest in a partnership, the person disposed of the interest at that time and the proceeds of disposition are determined under paragraph 98(3)(a) or (5)(a). Alternative treatment
Provision pour visites quadriennales (o) le montant qui peut être prescrit à titre de provision pour des dépenses que doit engager le contribuable en raison de visites quadriennales ou d’autres visites spéciales requises en vertu de la Loi sur la marine marchande du Canada ou de ses règlements, ou en vertu des règles de tout association pour la classification l’immatriculation des navires approuvée par le ministre des Transports pour l’application de la Loi sur la marine marchande du Canada; Créances irrécouvrables (p) le total des montants suivants : (i) les créances du contribuable qu’il a établies comme étant devenues irrécouvrables au cours de l’année et qui sont incluses dans le calcul de son revenu pour l’année ou pour une année d’imposition antérieure, (ii) les montants représentant chacun la partie du coût amorti, pour le contribuable à la fin de l’année, d’un prêt ou d’un titre de crédit (sauf un bien évalué à la valeur du marché, au sens du paragraphe 142.2(1)) que le contribuable a établi, au cours de l’année, comme étant devenus irrécouvrables, dans le cas : (A) si le contribuable est un assureur ou si son activité d’entreprise habituelle consiste en tout ou en partie à prêter de l’argent, a été consenti ou acquis dans le cours normal des activités de son entreprise d’assurance ou de prêt d’argent, (B) si le contribuable est une institution financière au sens du paragraphe 142.2(1) au cours de l’année, compte parmi ses titres de créance déterminés au sens de ce paragraphe; Cotisations d’employeur à un RPA ou à un RPAC (q) toute somme versée au titre des cotisations d’employeur à des régimes de pension agréés ou à des régimes de pension agréés collectifs, dans la mesure permise par les paragraphes 147.2(1) ou 147.5(10); Cotisations patronales dans le cadre d’une convention de retraite (r) les cotisations que le contribuable verse au cours de l’année dans le cadre d’une convention de retraite et qui se rapportent à des services rendus par un employé ou ancien employé du contribuable, sauf s’il est établi, par des événements ultérieurs ou autrement, que les cotisations ainsi versées font partie d’une série de cotisations et de remboursements de cotisations dans le cadre de la convention; Idem Income Tax PART I Income Tax DIVISION B Computation of Income
Where at any time in a taxation year a person disposes of a property, for the purposes of subsection (2) and section 80 (a) the person may designate an amount in a prescribed form filed with the person’s return of income under this Part for the year; and (b) where an amount is designated by the person under paragraph (a) in respect of the disposition, (i) the person shall be deemed to have issued a commercial debt obligation at that time that is settled immediately after that time, (ii) the lesser of the amount so designated and the amount that would, but for this subsection, be a capital gain determined in respect of the disposition because of subsection (2) shall be treated as if it were the forgiven amount at the time of the settlement in respect of the obligation referred to in subparagraph (i), (iii) the source in connection with which the obligation referred to in subparagraph (i) was issued shall be deemed to be the business, if any, carried on by the person at the end of the year, and (iv) where the person does not carry on a business at the end of the year, the person shall be deemed to carry on an active business at the end of the year and the source in connection with which the obligation referred to in subparagraph (i) was issued shall be deemed to be the business deemed by this subparagraph to be carried on.
Landscaping of grounds Expenses of representation Impôt sur le revenu
If, as a consequence of the disposition at any time by an individual of a property that is a qualified farm or fishing property of the individual or a qualified small business corporation share of the individual (as defined in subsection 110.6(1)), the individual is deemed by subsection (2) to have a capital gain at that time from the disposition of another property, for the purposes of sections 3, 74.3 and 111, as they apply for the purposes of section 110.6, the other property is deemed to be a qualified farm or fishing property of the individual or a qualified small business corporation share of the individual, as the case may be.
For the purpose of this section, an eligible transferee of a debtor at any time is a directed person at that time in respect of the debtor or a taxable Canadian corporation or eligible Canadian partnership related (otherwise than because of a right referred to in paragraph 251(5)(b)) at that time to the debtor. Agreement respecting transfer of forgiven amount (a) a particular commercial obligation (other than an obligation deemed by paragraph (e) to have been issued) issued by a debtor is settled at a particular time, (b) amounts have been designated by the debtor under subsections 80(5) to 80(10) to the maximum extent permitted in respect of the settlement of the particular obligation at the particular time, (c) the debtor and an eligible transferee of the debtor at the particular time file under this section an agreement between them in respect of that settlement, and the following rules apply: (e) except for the purposes of subsection 80(11), the transferee shall be deemed to have issued a commercial debt obligation that was settled at the particular time, (g) subject to paragraph (h), the obligation referred to in paragraph (e) shall be deemed to have been issued at the same time (in paragraph (h) referred to as the “time of issue”) at which, and in the same circumstances in which, the particular obligation was issued, (h) if the transferee is a taxpayer that is subject to a loss restriction event after the time of issue and the transferee and the debtor were, if the transferee is a corporation, not related to each other — or, if the transferee is a trust, not affiliated with each other — immediately before the loss restriction event, (i) the obligation referred to in paragraph (e) is deemed to have been issued after the loss restriction event, and (ii) subparagraph (b)(ii) of the definition relevant loss balance in subsection 80(1), paragraph (f) of the definition successor pool in that subsection and paragraph (b) of the definition unrecognized loss in that subsection do not apply in respect of the loss restriction event, (i) the source in connection with which the obligation referred to in paragraph (e) was issued shall be deemed to be the source in connection with which the particular obligation was issued, and (j) for the purposes of sections 61.3 and 61.4, the amount included under subsection 80(13) in computing the income of the eligible transferee in respect of the settlement of the obligation referred to in paragraph (e) or deducted under paragraph 80(15)(a) in respect of such income shall be deemed to be nil. Consideration for agreement
For the purposes of this Part, where property is acquired at any time by an eligible transferee as consideration for entering into an agreement with a debtor that is filed under this section (a) where the property was owned by the debtor immediately before that time, (i) the debtor shall be deemed to have disposed of the property at that time for proceeds equal to the fair market value of the property at that time, and (ii) no amount may be deducted in computing the debtor’s income as a consequence of the transfer of the property, except any amount arising as a consequence of the application of subparagraph (i); (b) the cost at which the property was acquired by the eligible transferee at that time shall be deemed to be equal to the fair market value of the property at that time; and (c) the eligible transferee shall not be required to add an amount in computing income solely because of the acquisition at that time of the property; (5.1) For the purposes of this Part, where a debtor and an eligible transferee enter into an agreement that is filed under this section, no benefit shall be considered to have been conferred on the debtor as a consequence of the agreement. Manner of filing agreement
(ii) d’autre part, la durée du bail, exprimée en jours (incluant toutes les périodes de renouvellement), ne dépassant pas 40 ans, restant à courir immédiatement avant que le bail ne soit résilié, dans les cas où le contribuable ou une personne avec laquelle il avait un lien de dépendance était propriétaire des biens à la fin de l’année et où aucune partie de la somme n’était déductible par lui en vertu de l’alinéa z.1) dans le calcul de son revenu pour une année d’imposition antérieure; Idem z.1) une somme, non déductible par ailleurs, qui a été payée ou est devenue payable par le contribuable avant la fin de l’année à une personne en vue de la résiliation d’un bail portant sur des biens du contribuable loués par ce dernier à cette personne, dans les cas où: (i) d’une part, les biens n’appartenaient pas au contribuable ni à une personne avec laquelle il avait un lien de dépendance à la fin de l’année; (ii) d’autre part, aucune fraction du montant n’était déductible par le contribuable en vertu de l’alinéa z.1) dans le calcul de son revenu pour une année antérieure, jusqu’à concurrence de la somme (et, dans le cas d’immobilisations, de la moitié de la somme) payée et qui n’était pas déductible par lui en vertu de l’alinéa z.1) dans le calcul de son revenu pour une année d’imposition antérieure; Aménagement paysager aa) une somme payée par le contribuable au cours de l’année pour l’aménagement paysager autour de quelque bâtiment ou autre construction du contribuable que ce dernier utilise principalement en vue d’en tirer un revenu ou de tirer un revenu d’une entreprise; Honoraires versés à un conseiller en placement bb) une somme, autre qu’une commission, qui, à la fois: (i) est versée par le contribuable au cours de l’année à une personne ou à une société de personnes dont l’activité d’entreprise principale consiste: (A) soit à donner des avis sur l’opportunité d’acheter ou de vendre certaines actions ou valeurs mobilières, Investigation of site (gg) [Repealed, 1994, c. 7, Sch. VIII, s. 157] or (B) soit, entre autres choses, à assurer des services relatifs à l’administration ou à la gestion d’actions ou de valeurs mobilières, (ii) est versée : (A) soit pour obtenir un avis sur l’opportunité d’acheter ou de vendre certaines actions ou valeurs mobilières du contribuable, (B) soit pour la prestation de services relativement à l’administration ou à la gestion d’actions ou de valeurs mobilières du contribuable; Frais de démarches (cc) une somme payée par le contribuable au cours de l’année au titre des frais qu’il a engagés pour effectuer les démarches concernant l’entreprise exploitée par lui : (i) auprès du gouvernement d’un pays, d’une province ou d’un État ou auprès d’un organisme municipal ou public remplissant des fonctions gouvernementales au Canada, (ii) auprès d’un représentant du gouvernement ou d’un organisme mentionné au sous-alinéa (i), qui était autorisé à édicter des règles ou des règlements concernant l’entreprise exploitée par le contribuable, y compris les démarches faites en vue d’obtenir une licence, un permis, une concession ou une marque de commerce pour cette entreprise; Recherche d’emplacement (dd) une somme payée par le contribuable au cours de l’année pour des recherches destinées à déterminer si un emplacement convenait ou non à la construction d’un bâtiment ou de tout autre ouvrage que le contribuable projetait de construire pour l’utiliser dans le cadre d’une entreprise exploitée par lui; Raccordement aux réseaux des services (ee) une somme payée par le contribuable au cours de l’année à une personne avec laquelle il n’avait pas de lien de dépendance, en vue de raccorder son lieu d’affaires aux fils, tuyaux ou conduits nécessaires à l’électricité, le gaz, les communications téléphoniques, l’eau ou aux égouts fournis par cette personne, dans la mesure où la somme ainsi versée n’a pas été payée : (i) en vue d’acquérir des biens du contribuable, Repayment of obligation Inventory adjustment (jj) [Repealed, 2013, c. 34, s. 180] (i) en contrepartie des produits ou services pour la fourniture desquels les raccordements ont été entrepris ou établis; Sommes payées par un agriculteur ff) toute somme payée par le contribuable au cours de l’année à titre de cotisation en vertu de la Loi de stabilisation concernant le grain de l’Ouest, de prime dans le cadre du régime universel institué aux termes de la Loi sur la protection du revenu agricole ou de frais d’administration d’un compte de stabilisation du revenu net; gg) [Abrogé, 1994, ch. 7, art. 157] Remboursement de paiements incitatifs hh) une somme remboursée par le contribuable au cours de l’année conformément à une obligation légale de rembourser tout ou partie d’un montant qui est : (i) soit inclus en vertu de l’alinéa 12(1)x) dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure, (ii) soit exclu, par l’effet du sous-alinéa 12(1)x)(vi) ou du paragraphe 12(2), du calcul du revenu du contribuable en vertu de l’alinéa 12(1)x) pour l’année ou pour une année d’imposition antérieure, dans le cas où il se rapporte à une dépense engagée ou effectuée (à l’exception d’une dépense relative au coût d’un bien du contribuable ou qui est déductible en application des articles 66, 66.1, 66.2, 66.21 ou 66.4, ou le serait si les montants déductibles par le contribuable n’étaient pas limités par l’effet de l’alinéa 66(4)b)) et, dans le cas où, d’une, ou, alors-ainsi 66.2(2)(a)(ii)(B), du passage « 30 % de » à la division 66.2(1)(a)(ii)(C) ou sous-alinéa 66.2(4)(a)(ii) qui, si un montant n’avait pas été reçu, aurait été déductible dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure; Remboursement d’un montant d’aide hh.1) les trois quarts d’un montant que le contribuable a remboursé au cours de l’année (au moment où il cesse d’exploiter une entreprise ou postérieurement) en exécution d’une obligation légale de rembourser tout ou partie d’un montant qu’il a reçu ou en droit de recevoir et qui est une aide d’un gouvernement, d’une municipalité ou d’une autre administration (sous forme de prime, de subvention, de prêt à remboursement conditionnel, de déduction de l’impôt ou d’allocation de placement, ou sous toute autre forme) relativement à des biens dont le coût constitue une dépense en capital admissible pour le contribuable à l’entreprise ou en vue d’acquérir de tels biens si le (nn.1) [Repealed, 2017, c. 20, s. 4] montant au titre de l’immobilisation admissible du contribuable relativement à l’entreprise a été réduit en application de l’alinéa 14(10)c) en raison du montant d’aide qu’il a reçu ou est en droit de recevoir; Ajustement de l’inventaire (ii) la somme à inclure en application de l’alinéa 12(1)r) dans le calcul du revenu du contribuable pour l’année d’imposition précédente; jj) [Abrogé, 2013, ch. 34, art. 180] Subventions à l’exploration et à l’aménagement (kk) le montant de toute aide ou de tout avantage reçu par le contribuable au cours de l’année au titre de déduction d’une dépense qui est un impôt (à l’exception de la taxe sur les produits et services) ou une redevance, ou au remboursement d’une telle dépense, dans la mesure où : (i) l’impôt ou la redevance n’est pas, du fait qu’il a reçu le montant, déductible dans le calcul de son revenu pour une année d’imposition, (ii) la déduction ou le remboursement a été inclus dans le calcul du revenu du contribuable pour l’année d’imposition ou une année antérieure, l’élément J de la formule figurant à la définition de frais cumulatifs d’exploration au Canada au paragraphe 66.1(6), l’élément M de la formule figurant à la définition de frais cumulatifs d’aménagement au Canada au paragraphe 66.2(5) ou l’élément I de la formule figurant à la définition de frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe 66.4(5); Remboursement d’intérêts ll) la fraction d’une somme payable par le contribuable par l’effet d’une disposition de la présente loi ou d’une loi provinciale qui prévoit un impôt semblable à celui prévu par la présente loi, qui a été payée au cours de l’année et qu’il est raisonnable de considérer comme un remboursement d’intérêts inclus dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure; Coût des substances injectées pour faciliter la récupération du pétrole mm) la fraction déduite par le contribuable d’un montant qui constitue des dépenses qu’il a engagées ou effectuées avant la fin de l’année et qui représente le coût pour lui de toute substance injectée avant ce moment dans un réservoir naturel afin de faciliter la récupération du pétrole, du gaz naturel ou d’hydrocarbures connexes, dans la mesure où : Income Tax PART I Income Tax DIVISION B Computation of Income
Subject to subsection (7), a particular agreement between a debtor and an eligible transferee in respect of an obligation issued by the debtor that was settled at any time shall be deemed not to have been filed under this section (a) where it is not filed with the Minister in a prescribed form (i) on or before the later of (A) the day on or before which the debtor’s return of income under this Part is required to be filed for the taxation year or fiscal period, as the case may be, that includes that time (or would be required to be filed if tax under this Part were payable by the debtor for the year), and (B) the day on or before which the transferee’s return of income under this Part is required to be filed for the taxation year or fiscal period, as the case may be, that includes that time, or (ii) on or before the later of (A) the expiry of the 90-day period commencing on the day of mailing of an assessment of tax payable under this Part or a notification that no tax is payable under this Part, as the case may be, for a taxation year or fiscal period described in clause (i)(A) or (B), as the case may be, and (B) if the debtor is an individual (other than a trust) or a graduated rate estate, the day that is one year after the taxpayer’s filing-due date for the year; (b) where it is not accompanied by, (i) where the debtor is a corporation and its directors are legally entitled to administer its affairs, a certified copy of their resolution authorizing the agreement to be made, (ii) where the debtor is a corporation and its directors are not legally entitled to administer its affairs, a certified copy of the document by which the person legally entitled to administer its affairs authorized the agreement to be made, (iii) where the transferee is a corporation and its directors are legally entitled to administer its affairs, a certified copy of their resolution authorizing the agreement to be made, (iv) where the transferee is a corporation and its directors are not legally entitled to administer its affairs, a certified copy of the document by which the person legally entitled to administer its affairs authorized the agreement to be made; or (c) if an agreement amending the particular agreement has been filed in accordance with this section, except where subsection (8) applies to the particular agreement. Filing by partnership
Idem Debt forgiveness Impôt sur le revenu
For the purpose of subsection (6), where an obligation is settled at any time in a fiscal period of a partnership, it shall be assumed that (a) the partnership is required to file a return of income under this Part for the fiscal period on or before the latest day on or before which any member of the partnership during the fiscal period is required to file a return of income under this Part for the taxation year in which that fiscal period ends (or would be required to file such a return of income if tax under this Part were payable by the member for that year); and (b) the partnership may serve a notice of objection described in subparagraph (6)(a)(ii) within each period within which any member of the partnership during the fiscal period may serve a notice of objection to tax payable under this Part for a taxation year in which that fiscal period ends. Related corporations
Where at any time a corporation becomes related to another corporation and it can reasonably be considered that the main purpose of the corporation becoming related to the other corporation is to enable the corporations to file an agreement under this section, the amount specified in the agreement shall be deemed to be nil for the purpose of the description of C in subsection 80(13). Assessment of taxpayers in respect of agreement
The Minister shall, notwithstanding subsections 152(4) to 152(5), assess or reassess the tax, interest and penalties under this Act by any taxpayer in order to take into account an agreement filed under this section. Liability of debtor
Without affecting the liability of any person under any other provision of this Act, where a debtor and an eligible transferee file an agreement between them under this section in respect of an obligation issued by the debtor that was settled at any time, the debtor is, to the extent of 30% of the amount specified in the agreement, liable to pay (a) where the transferee is a corporation, all taxes payable under this Act by it for taxation years that end in the period that begins at that time and ends 4 calendar years after that time; (b) where the transferee is a partnership, the total of all amounts each of which is the tax payable under this Act by a person for a taxation year (i) that begins or ends in that period, and (ii) that includes the end of a fiscal period of the partnership during which the person was a member of the partnership; and (c) interest and penalties in respect of such taxes. Joint and several, or solidary, liability
(i) il n’a pas par ailleurs déduit cette fraction dans le calcul de son revenu pour l’année, (ii) il n’a pas déduit cette fraction dans le calcul de son revenu pour une année d’imposition antérieure; toutefois si l’année compte moins de 51 semaines, le montant que le contribuable peut déduire pour l’année en application du présent alinéa ne peut dépasser le plus élevé des montants suivants : (iii) le produit de la multiplication du montant maximal qu’il peut déduire par ailleurs pour l’année en application du présent alinéa par le rapport entre le nombre de jours de l’année et 365, (iv) le montant des dépenses qu’il a engagées ou effectuées au cours de l’année et qu’il n’a pas déduit par ailleurs dans le calcul de son revenu pour l’année; Impôt de la partie XII.6 (nn) l’impôt prévu à la partie XII.6 payé au cours de l’année ou payable pour l’année par le contribuable, suivant la méthode qu’il établit pour le calcul de son revenu; nn.1) [Abrogé, 2017, ch. 20, art. 4] Entente d’échelonnement du traitement (oo) un montant différé dans le cadre d’une entente d’échelonnement du traitement applicable à une autre personne, dans la mesure où il est ajouté comme avantage en vertu de l’alinéa 6(1)i) dans le calcul du revenu de cette autre personne pour l’année d’imposition de celle-ci qui se termine au cours de l’année d’imposition du contribuable et dans la mesure où il correspond à des services rendus au contribuable; Idem (pp) un montant en vertu d’une entente d’échelonnement du traitement applicable à une autre personne, sauf une entente faite principalement au profit d’un ou de plusieurs employés non-résidents pour des services à rendre à l’étranger, dans la mesure où ce montant se rapporte à des services rendus au contribuable et inclus en application de l’alinéa 6(1)i) dans le calcul du revenu de l’autre personne pour son année d’imposition se terminant au cours de l’année d’imposition du contribuable; Split income A - B where Modification pour adapter un bâtiment aux besoins des personnes handicapées qq) une somme payée par le contribuable au cours de l’année pour les rénovations ou transformations, visées par règlement, effectuées à un bâtiment qu’il utilise principalement en vue d’en tirer un revenu ou de tirer un revenu d’une entreprise, si les rénovations ou transformations ont pour objet de permettre à des particuliers ayant un handicap moteur d’avoir accès au bâtiment ou de s’y déplacer; Appareils pour personnes ayant une déficience rr) une somme payée par le contribuable au cours de l’année pour tout appareil ou matériel, visé par règlement, conçu en fonction de la déficience d’une personne; Fiducies pour l’environnement admissibles ss) un apport effectué par le contribuable au cours de l’année à une fiducie pour l’environnement admissible dont il est bénéficiaire; Acquisition d’une participation dans une fiducie pour l’environnement admissible tt) la somme payée par le contribuable au cours de l’année dans le cadre de l’acquisition, directement ou près d’une personne ou d’une société de personnes, de tout ou partie de sa participation en tant que bénéficiaire d’une fiducie pour l’environnement admissible, à l’exception d’une somme payée en contrepartie de la prise en charge d’une obligation en matière de restauration relative à la fiducie; Remise de dette uu) un montant déduit dans le calcul du revenu du contribuable pour l’année par l’effet de l’alinéa 80(15)a) ou du paragraphe 80.01(10); Droit compensateur ou antidumping vv) un montant payé par le contribuable au cours de l’année au titre d’un droit compensateur ou antidumping en vigueur ou proposé sur des biens (sauf des biens amortissables); Revenu fractionné ww) si le contribuable est un particulier déterminé pour l’année, son revenu fractionné pour l’année; Contrat dérivé à terme xx) en ce qui a trait à un contrat dérivé à terme d’un contribuable, la somme obtenue par la formule suivante : A - B où : Adjustment for hybrid mismatch (i) the lesser of A représente la moins élevée des sommes suivantes : (i) le total des sommes dont chacune représente : (A) si le contribuable acquiert un bien aux termes du contrat au cours de l’année ou d’une année d’imposition antérieure, la partie de l’excédent du coût du bien pour lui sur sa juste valeur marchande au moment de son acquisition par le contribuable qui est attribuable à un élément sous-jacent autre que les éléments sous-jacents visés aux sous-alinéas b)(i)(A) à (iii) de la définition de « contrat dérivé à terme » au paragraphe 248(1), (B) si le contribuable dispose d’un bien aux termes du contrat au cours de l’année ou d’une année d’imposition antérieure, la partie de l’excédent de la juste valeur marchande du bien au moment de la conclusion du contrat par le contribuable sur son produit de disposition, qui est attribuable à un élément sous-jacent autre que les éléments sous-jacents visés aux divisions c)(i)(A) à (C) de la définition de « contrat dérivé à terme » au paragraphe 248(1), (ii) celle des sommes ci-après qui est applicable : (A) si le contrat fait l’objet d’un règlement définitif au cours de l’année et qu’il n’est pas raisonnable de considérer que l’une des principales raisons pour lesquelles il a été conclu consiste à obtenir une déduction en application du présent alinéa, la somme déterminée selon le sous-alinéa (i), (B) dans les autres cas, le total des sommes incluses, en application de l’alinéa 12(1).7), dans le calcul du revenu du contribuable relativement au contrat pour l’année ou pour une année d’imposition antérieure; B le total des sommes déduites en application du présent alinéa relativement au contrat pour une année d’imposition antérieure; Ajustement de l’asymétrie hybride yy) si le paragraphe 18.4(4) s’est appliqué pour refuser à un contribuable une déduction, pour l’année ou une année d’imposition précédente, pour la totalité ou une partie d’une somme relative à un paiement découlant d’un dispositif hybride, et que le contribuable montre qu’une somme constitue du revenu ordinaire étranger d’une entité relativement au paiement (sauf tout montant de revenu ordinaire étranger déjà pris en Income Tax PART I Income Tax DIVISION B Computation of Income
If taxes, interest and penalties are payable under this Act by a person for a taxation year and those taxes, interest and penalties are payable by a debtor because of subsection (10), the debtor and the person are jointly and severally, or solidarily, liable to pay those amounts. Assessments in respect of liability
Application of s. 13(21) Application of s. 12.2(11) (1.2) The definitions in subsection 12.2(11) apply to paragraph 20(1)(c). Borrowed money (a) the amount Impôt sur le revenu
Where a debtor and an eligible transferee file an agreement between them under this section in respect of an obligation issued by the debtor that was settled at a particular time, (a) where the debtor is an individual or a corporation, the Minister may at any subsequent time assess the debtor in respect of taxes, interest and penalties for which the debtor is liable because of subsection (10); and (b) where the debtor is a partnership, the Minister may at any subsequent time assess any person who has been a member of the partnership in respect of taxes, interest and penalties for which the partnership is liable because of subsection (10), to the extent that those amounts relate to taxation years of the transferee (or, where the transferee is another partnership, members of the other partnership) that end at or after (i) where the person was not a member of the partnership at the particular time, the first subsequent time the person becomes a member of the partnership, and (ii) in any other case, the particular time. Application of Division I
The provisions of Division I apply to an assessment under subsection (12) as though it had been made under section 152. Partnership members
For the purposes of paragraphs (10)(b) and (12)(b) and this subsection, where at any time a member of a particular partnership is another partnership, each member of the other partnership shall be deemed to be a member of the particular partnership at that time. Expropriation assets acquired as compensation for, or as consideration for sale of, foreign property taken by or sold to foreign issuer
(a) as compensation for (i) assets owned by the taxpayer of the capital stock of a foreign affiliate of the taxpayer that carried on business in that country, or (ii) all or substantially all of the property used by the taxpayer in carrying on business in that country, (which shares or property, as the case may be, are referred to in this section as “foreign property”), taken, after June 18, 1971, from the taxpayer by the issuer or by the government of that country, or (b) as consideration for the sale of foreign property sold, after June 18, 1971, by the taxpayer to the issuer, if (i) the sale was, by a law of that country, expressly required to be made, or (ii) the sale was made after notice or other manifestation of an intention to take the foreign property, if the taxpayer has so elected, in prescribed form and within prescribed time, in respect of all of the expropriation assets so acquired by the taxpayer, the following rule applies, namely, an amount in respect of each such expropriation asset, equal to (c) the principal amount of the asset, or (d) where the taxpayer has designated in the taxpayer’s election an amount in respect of the asset that is less than the principal amount thereof, the amount so designated, shall be deemed to be (e) the cost to the taxpayer of the asset, and (f) for the purpose of computing the taxpayer’s proceeds of disposition of the foreign property so taken or sold, the amount received by the taxpayer by virtue of the taxpayer’s acquisition of the asset, except that in no case may the taxpayer designate an amount in respect of any expropriation asset so that the taxpayer’s proceeds of disposition of the foreign property so taken or sold (computed having regard to the provisions of paragraph 80.1(1)(f)) are less than the cost amount to the taxpayer of the foreign property immediately before it was so taken or sold. Election re interest received or to be received on expropriation assets acquired by taxpayer
Application du par. 13(21) (1.1) Les définitions figurant au paragraphe 13(21) s’appliquent aux dispositions réglementaires prises en vertu de l’alinéa (1)a). Application du par. 12.2(11) (1.2) Les définitions figurant au paragraphe 12.2(11) s’appliquent à l’alinéa (1)c). Emprunts
Where a taxpayer has elected in prescribed form and within prescribed time in respect of all amounts (each of which is referred to in this section as an “interest amount”) received or to be received by the taxpayer as or on account of interest on all expropriation assets acquired by the taxpayer as compensation for, or as consideration for the sale of, foreign property taken by or sold to any particular issuer as described in subsection 80.1(1), the following rules apply in respect of each such asset so acquired by the taxpayer: (a) in computing the taxpayer’s income for a taxation year from the asset, there may be deducted, in respect of each interest amount received by the taxpayer in the year on the asset, the lesser of the interest amount and the total of (i) the amount required by paragraph 80.1(2)(b) to be added, by virtue of the receipt by the taxpayer of the interest amount, in computing the adjusted cost base to the taxpayer of the asset, and (A) the adjusted cost base to the taxpayer of the asset immediately before the interest amount was so received by the taxpayer, and (B) the adjusted principal amount to the taxpayer of the asset immediately before the interest amount was so received by the taxpayer, and there shall be included, in respect of each amount (in this paragraph referred to as a “capital amount”) received by the taxpayer in the year as, on account or in lieu of payment of, or in satisfaction of, (iv) the principal amount of the asset, the amount, if any, by which the capital amount exceeds the greater of the adjusted cost base to the taxpayer of the asset immediately before the capital amount was received by the taxpayer and its adjusted principal amount to the taxpayer at that time; (b) in computing, at any particular time, the adjusted cost base to the taxpayer of the asset, there shall be added, in respect of each interest amount received by the taxpayer on the asset before the particular time, an amount equal to the lesser of (i) any income or profits tax paid by the taxpayer to the government of a country other than Canada in respect of the interest amount, and (ii) that proportion of the tax referred to in subparagraph 80.1(2)(b)(i) that the adjusted cost base to the taxpayer of the asset immediately before the interest amount was received by the taxpayer is of the amount, if any, by which the interest amount exceeds the tax referred to in that subparagraph, and there shall be deducted (iii) each interest amount received by the taxpayer on the asset before the particular time, and (iv) each amount received by the taxpayer before the particular time on account of the principal amount of the asset; (c) the receipt by the taxpayer of an amount described in subparagraph 80.1(2)(b)(iv) in respect of the asset shall be deemed not to be a partial disposition thereof; and (d) for the purposes of section 126, notwithstanding the definition non-business-income tax in subsection 126(7), the non-business-income tax paid by a taxpayer does not include any tax, or any portion thereof, the amount of which is required by paragraph 80.1(2)(b) to be added in computing the adjusted cost base to the taxpayer of the asset. Where interest amount and capital amount received at same time
Pour l’application de l’alinéa (1)c), lorsqu’une personne a emprunté de l’argent en contrepartie d’une promesse qu’elle a faite de payer un montant majoré et de verser des intérêts sur ce montant : a) le montant majoré est réputé être le montant emprunté; b) si le montant réellement emprunté a été utilisé en totalité ou en partie pour tirer un revenu d’une entreprise ou d’un bien, le produit de la multiplication du montant majoré par le rapport entre le montant réellement utilisé de cette manière et le montant réellement emprunté est réputé être le montant ainsi utilisé. Sens restreint de intérêts — police 10/8 (2.01) Pour l’application des alinéas (1)c) et d), les sommes ci-après ne sont pas des intérêts : a) la somme qui, à la fois : (i) est payée après le 20 mars 2013 pour une période postérieure à 2013, relativement à une police d’assurance-vie qui est une police 10/8 au moment du paiement, Limitation of expression “interest” Limitation of expression “life insurance policy” (ii) est visée à l’alinéa a) de la définition de police 10/8 au paragraphe 248(1); b) la somme qui, à la fois : (i) est à payer, relativement à une police d’assurance-vie, après le 20 mars 2013 pour une période postérieure à 2013 et durant laquelle la police est une police 10/8, (ii) est visée à l’alinéa a) de la définition de police 10/8 au paragraphe 248(1). Restriction relative aux intérêts (2.1) Pour l’application des alinéas (1)c) et d), un montant payé après l’année d’imposition 1977 du contribuable ou payable à l’égard d’une période postérieure à cette année, selon la méthode habituellement utilisée par le contribuable pour le calcul de son revenu, au titre d’intérêts d’une avance sur police consentie par un assureur n’est compris dans les intérêts que dans la mesure où le montant de ces intérêts est, après confirmation par l’assureur selon la formule et dans le délai réglementaires, déclaré représenter : a) des intérêts payés au cours de l’année sur cette avance; b) des intérêts (sauf ceux qui seraient, sans l’alinéa (2.2)b), des intérêts sur de l’argent emprunté avant 1978 pour acquérir une police d’assurance-vie ou sur un montant payable relativement à un bien acquis avant 1978 qui constitue un intérêt dans une police d’assurance-vie) qui ne sont pas ajoutés au coût de base rajusté (au sens du paragraphe 148(9)), pour le contribuable, de son intérêt dans la police. Restriction relative aux polices d’assurance-vie (2.2) Pour l’application des alinéas (1)c) et d), n’est pas une police d’assurance-vie la police : a) qui est un régime de pension agréé, un régime enregistré de pension agréé collectif, un régime enregistré d’épargne-retraite, un régime de rente à versements invariables, un régime de participation différée aux bénéfices ou qui est émise en vertu d’un tel régime ou d’un tel contrat; b) qui était un contrat de rente émis avant 1978 et prévoyant que le paiement de rentes devait commencer au plus tard le jour où le titulaire de police atteindrait l’âge de 75 ans; c) qui est un contrat de rente relativement auquel l’ensemble des provisions de l’assureur varient selon la Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of subsection 80.1(2), where an interest amount on an expropriation asset and a capital amount with respect to that asset are received by a taxpayer at the same time, the interest amount shall be deemed to have been received by the taxpayer immediately before the capital amount. Assets acquired from foreign affiliate of taxpayer as dividend in kind or as benefit to shareholder
Sectoral reserve Specified Percentage (2.4) For the purpose of clause 20(1)(l)(ii)(D), a taxpayer’s specified percentage for a taxation year is Borrowed money Bad debts — dispositions of depreciable property Impôt sur le revenu
Where a foreign affiliate of a taxpayer resident in Canada would, on the assumption that the foreign affiliate were resident in Canada and its only foreign affiliates were corporations that were foreign affiliates of the taxpayer, be entitled to make an election under subsection 80.1(1) in respect of assets acquired by it that would, on that assumption, be expropriation assets of the foreign affiliate, and all or any of those assets are subsequently acquired by the taxpayer from the foreign affiliate as a dividend payable in kind, or as a benefit received from the foreign affiliate that would otherwise be required by subsection 15(1) to be included in computing the income of the taxpayer, if the taxpayer has so elected, in prescribed form and within prescribed time, in respect of all assets so acquired by the taxpayer from the foreign affiliate, the following rules apply in respect of each asset so acquired by the taxpayer: (i) the principal amount of the asset, or (ii) where the taxpayer has designated in the taxpayer’s election an amount in respect of the asset that is less than the principal amount thereof, the amount so designated, shall be deemed to be (iv) the amount of the dividend or benefit, as the case may be, received by the taxpayer by virtue of the acquisition by the taxpayer of the asset; (b) where the asset was so acquired as such a benefit and the taxpayer has designated in the election a class of shares as described in this paragraph in respect of the asset, the amount of the benefit shall be deemed (i) to have been received by the taxpayer as a dividend from the foreign affiliate in respect of such class of shares of the capital stock thereof as the taxpayer has designated in the election, and (ii) not to be an amount required by subsection 15(1) to be included in computing the taxpayer’s income; (c) in computing the taxable income of the taxpayer for the taxation year in which the taxpayer acquired the asset, there may be deducted from the taxpayer’s income for the year the amount, if any, by which the amount received by the taxpayer as a dividend by virtue of the acquisition by the taxpayer of the asset exceeds the total of amounts deductible in respect of the dividend under sections 91 and 113 in computing the taxpayer’s income or taxable income, as the case may be, for the year; (d) there shall be deducted in computing the adjusted cost base to the taxpayer of each share of the capital stock of the foreign affiliate that is a share of a class in respect of which an amount was received by the taxpayer as a dividend by virtue of the acquisition by the taxpayer of the asset, the quotient obtained by dividing the amount, if any, deducted by the taxpayer under paragraph (c) in respect of the dividend by the number of shares of that class owned by the taxpayer immediately before that amount was received by the taxpayer as a dividend; (e) any capital loss of the taxpayer from the disposition, after the time when the asset was so acquired by the taxpayer, of a share of the capital stock of the foreign affiliate shall be deemed to be nil; and (f) where the taxpayer has so elected in prescribed form and within prescribed time, subsection (2) applies as if the asset were an expropriation asset acquired by the taxpayer as compensation for foreign property taken by a particular issuer as described in subsection (1). Assets acquired from foreign affiliate of taxpayer as consideration for settlement, etc., of debt
Where a foreign affiliate of a taxpayer resident in Canada would, on the assumption that the foreign affiliate were resident in Canada and its only foreign affiliates were corporations that were foreign affiliates of the taxpayer, be entitled to make an election under subsection 80.1(1) in respect of assets acquired by it that would, on that assumption, be expropriation assets of the foreign affiliate, and all or any of those assets are subsequently acquired by the taxpayer from the foreign affiliate as consideration for the settlement or extinguishment of a capital property of the taxpayer that was a debt payable by the foreign affiliate to the taxpayer or any other obligation of the foreign affiliate to pay an amount to the taxpayer (which debt or other obligation is referred to in this subsection as the “obligation”), if the taxpayer has so elected, in prescribed form and within prescribed time, in respect of all of the assets so acquired by the taxpayer from the foreign affiliate, the following rules apply in respect of each such asset so acquired by the taxpayer: (a) paragraph 80.1(4)(a) applies in respect of the asset as if subparagraph 80.1(4)(a)(iv) were read as follows: "(iv) the taxpayer's proceeds of the disposition of the obligation settled or extinguished by virtue of the acquisition by the taxpayer of the asset;"; (b) where the taxpayer has designated in the taxpayer's election a class of shares as described in this paragraph in respect of the asset, (i) the amount, if any, by which the cost to the taxpayer of the asset (computed having regard to paragraph (a) and paragraph (4)(a)) exceeds the amount of the obligation settled or extinguished by virtue of the acquisition by the taxpayer of the asset shall be deemed to have been received by the taxpayer as a dividend from the foreign affiliate in respect of such class of shares of the capital stock thereof as the taxpayer has designated in the election, and (ii) the taxpayer's gain, if any, from the disposition of the obligation shall be deemed to be nil; (c) the taxpayer's loss, if any, from the disposition of the obligation shall be deemed to be nil; and Assets acquired from foreign affiliate of taxpayer on winding-up, etc.
Where a foreign affiliate of a taxpayer resident in Canada would, on the assumption that the foreign affiliate were resident in Canada and its only foreign affiliates were corporations that were foreign affiliates of the taxpayer, be entitled to make an election under subsection 80.1(1) in respect of assets acquired by it that would, on that assumption, be expropriation assets of the foreign affiliate, and all or any of those assets are subsequently acquired by the taxpayer from the foreign affiliate, (a) on the winding-up, discontinuance or reorganization of the business of the foreign affiliate, or (b) as consideration for the redemption, cancellation or acquisition by the foreign affiliate of shares of its capital stock, if the taxpayer has so elected, in prescribed form and within prescribed time, (c) in respect of all of the assets so acquired by the taxpayer from the foreign affiliate, subsection (1) applies in respect of each such asset, or (d) in respect of all amounts received or to be received by the taxpayer as or on account of interest on all of the assets so acquired by the taxpayer from the foreign affiliate, subsection (2) applies in respect of each such asset, as if the assets were expropriation assets acquired by the taxpayer as consideration for the sale of foreign property that consisted of shares of the capital stock of the foreign affiliate owned by the taxpayer immediately before the assets were so acquired and that was sold to a particular issuer as described in subsection (1). Definition of adjusted principal amount
In this section, adjusted principal amount to a taxpayer of an expropriation asset at any particular time means the amount, if any, by which (a) the total of the principal amount of the asset and, in respect of each interest amount received by the taxpayer on the asset before the particular time, the lesser of the tax referred to in subparagraph (2)(b)(ii) in respect of that interest amount and the proportion determined under subparagraph (2)(b)(ii) in respect thereof, (b) the total of each amount received by the taxpayer before the particular time as an interest amount on the asset and each amount received by the taxpayer before the particular time as, on account or in lieu of payment of, or in satisfaction of, the principal amount of the asset. Currency in which adjusted principal amount to be computed or expressed
Provision sectorielle (2.3) Pour l’application de la division (1)(l)(ii)(B), une provision sectorielle est une provision pour prêts douteux qui est déterminée pour un secteur — géographique, industriel ou autre — et non pour un bien donné. Pourcentage déterminé (2.4) Pour l’application de la division (1)(l)(ii)(B), le pourcentage déterminé applicable à un contribuable pour une année d’imposition est le suivant : a) s’il existe un montant de provision prescrit pour le contribuable pour l’année, le pourcentage de ce montant que le contribuable demande pour l’année en vertu de la division (1)(l)(ii)(A); b) dans les autres cas, 100 %. Argent emprunté
For the purposes of this section, the adjusted principal amount, at any particular time, of an expropriation asset or of asset assumed for the purposes of this section to be an expropriation asset shall be computed in the currency in which the principal amount of the asset is, under the terms thereof, payable, except that for greater certainty, for the purposes of paragraph (2)(a), the adjusted principal amount at any particular time of such an asset is its adjusted principal amount at that time computed as provided in this subsection but expressed in Canadian currency. Election in respect of two or more expropriation assets acquired by taxpayer
Il est entendu que si un contribuable utilise de l’argent emprunté pour rembourser un emprunt antérieur ou pour payer une somme payable pour des biens visés au sous-alinéa (1)(c)(ii) et acquis antérieurement (cet emprunt antérieur et cette somme payable étant appelés « dette antérieure » au présent paragraphe, sous réserve du paragraphe 20.1(6), l’argent emprunté est réputé, pour l’application des alinéas (1)(c), e) et e.1), des paragraphes 20.1(1) et (2), de l’article 21 et du sous-alinéa 95(2)(a)(ii), ainsi que de l’alinéa 20(1)(c) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, être utilisé aux fins auxquelles la dette antérieure a été utilisée ou contractée ou est réputée par le présent paragraphe avoir été utilisée ou contractée. Créances irrécouvrables — produit de disposition de biens amortissables
For the purposes of Subdivision C and subsection (2), and in applying subsections (7) and (8) for those purposes, where two or more expropriation assets that were (a) issued by the government of a country other than Canada, or (b) issued by a person resident in a country other than Canada and guaranteed by the government of that country at the same time, or as compensation for, or consideration for the sale of, the same foreign property, have been acquired by a taxpayer and the taxpayer has so elected, in prescribed form and within prescribed time, in respect of all of the expropriation assets that were issued or guaranteed by the government of that country and acquired by the taxpayer before the making of the election, all of those expropriation assets shall be considered to be a single expropriation asset that was issued or guaranteed by the government of that country and acquired by the taxpayer. (a) in a taxation year, a taxpayer, under the terms of a contract, pays to a person (referred to in this section as the “recipient”) an amount (referred to in this section as the “specified amount”) that may reasonably be considered to be received by the recipient as a reimbursement of, or a contribution to or an allowance in respect of, an amount (referred to in this section as the “original amount”) (i) that was described by paragraph 18(1)(m) and was paid or payable by the recipient, or (ii) that was, in respect of the recipient, an amount described by paragraph 12(1)(o); (b) the original amount is paid or became payable or receivable in a taxation year or fiscal period of the recipient that begins before 2007; and (c) the taxpayer is resident in Canada or carries on business in Canada when the specified amount is paid. Rules relating to time of payment
Le contribuable qui établit qu’une somme qui lui est due au titre du produit de disposition d’un de ses biens amortissables d’une catégorie prescrite (sauf une propriété forestière, une voiture de tourisme à laquelle s’applique l’alinéa 13(7)(g) ou une voiture à zéro émission à laquelle s’applique l’alinéa 13(7)(i)) est devenue une créance irrécouvrable au cours d’une année d’imposition peut déduire dans le calcul de son revenu pour l’année le moins élevé des sommes suivantes : a) la somme qui lui est due; Income Tax PART I Income Tax DIVISION B Computation of Income
If the specified amount is paid in a taxation year of the taxpayer that begins before 2008, the eligible portion of the specified amount, referred to in subsection (11), is deemed to be a payment described by paragraph 18(1)(m). If, however, the specified amount is paid in a taxation year of the taxpayer that begins after 2007, the specified amount is deemed, for the purpose of applying this section to the taxpayer, to be nil.
Idem A - B where Former eligible capital property (4.3) [Repealed, 2016, c. 12, s. 7] Income Tax PART I Income Tax DIVISION B Computation of Income
For the purpose of applying paragraph 18(1)(m) for the taxpayer’s taxation year in which the specified amount was paid, the amount to which that paragraph applies is to be determined for that taxation year (a) if the taxpayer was in existence at the time the original amount became receivable by a person referred to in subparagraph 12(1)(o)(i) or became payable to a person referred to in subparagraph 18(1)(m)(i), as if the specified amount were paid by the taxpayer at that time; and (b) in any other case, as if (i) the taxpayer were in existence and had a calendar taxation year at the time the original amount became receivable by a person referred to in subparagraph 12(1)(o)(i) or became payable to a person referred to in subparagraph 18(1)(m)(i), and (ii) the specified amount were paid by the taxpayer at that time.
Special reserves Impôt sur le revenu
Subsection (3) does not apply to a specified amount paid by a taxpayer if (a) the recipient is a partnership; (b) the original amount became receivable by a person referred to in subparagraph 12(1)(o)(i) or became payable to a person referred to in subparagraph 18(1)(m)(i), in a particular fiscal period of the partnership; (c) the taxpayer is a member of the partnership at the end of the particular fiscal period; and (d) the taxpayer paid the specified amount before the end of the taxation year of the taxpayer in which that particular fiscal period ends. Specified amount deemed to be paid at end of taxation year
A specified amount paid by the taxpayer to a partnership is deemed to have been paid on the last day of a particular taxation year of the taxpayer, and not at the time it was paid, if (a) the taxpayer paid an amount to the partnership in the particular taxation year (referred to in this subsection as the “initial payment”); (b) the initial payment was paid before September 17, 2004; (c) the initial payment is an amount to which subsection (3) did not apply because of subsection (4); (e) the specified amount is equal to or less than the difference between the taxpayer’s share of the original amount in respect of the initial payment and the initial payment; (f) the taxpayer elects in the taxpayer’s return of income for the taxpayer’s taxation year that includes the time at which the specified amount would, if this Act were read without reference to this subsection, have been paid, to have this subsection apply to the specified amount; and Inclusion in recipient’s income
The recipient shall include in computing the recipient’s income for the taxation year or fiscal period in which the original amount was paid or became payable or receivable, the amount, if any, by which the eligible portion of the specified amount exceeds the portion of the original amount that was included in computing the income of the recipient for the taxation year or fiscal period because of paragraph 12(1)(o) or that was not deductible in computing the income of the recipient for the taxation year or fiscal period because of paragraph 18(1)(m).
For the purpose of subsection (6), the portion of the original amount that was included in computing the income of the recipient or that was not deductible in computing the income of the recipient is the amount that would be included in computing the income of the recipient under paragraph 12(1)(o) or that would not be deductible in computing the income of the recipient under paragraph 18(1)(m), if the original amount were equal to the eligible portion of the specified amount. Inclusion in recipient’s income
Vente d’une convention de vente ou d’une créance hypothécaire comprise dans le produit de disposition
The recipient shall include, in computing the recipient’s income for its taxation year or fiscal period in which the original amount was paid or became payable or receivable, the amount, if any, by which the specified amount exceeds the eligible portion of the specified amount. Deduction by taxpayer
Lorsqu’il a été disposé de biens amortissables d’un contribuable, autres qu’un avoir forestier, au cours d’une année d’imposition en faveur d’une personne avec laquelle le contribuable n’avait aucun lien de dépendance, pour un produit de disposition qui comprend une convention de vente ou d’une créance hypothécaire sur un fonds de terre que le contribuable a vendu, au cours d’une année d’imposition ultérieure, à une personne avec laquelle il n’avait aucun lien de dépendance, la moins élevée des sommes suivantes est déductible dans le calcul du revenu du contribuable pour l’année ultérieure : a) l’excédent éventuel du principal de la convention de vente ou de la créance hypothécaire en cours de validité lors de la vente sur la contrepartie payée par l’acheteur au contribuable pour la convention de vente ou la créance hypothécaire; b) la somme déterminée en vertu de l’alinéa a), moins l’excédent éventuel du produit de la disposition de ces biens amortissables sur le coût en capital de ces biens supporté par le contribuable. Vente d’une convention de vente ou d’une créance hypothécaire comprise dans le produit de disposition (5.1) Lorsqu’il a été disposé d’un avoir forestier d’un contribuable au cours d’une année d’imposition en faveur d’une personne avec laquelle le contribuable n’avait aucun lien de dépendance pour un produit de disposition qui comprend une convention de vente ou d’une créance hypothécaire sur un fonds de terre que le contribuable a vendu, au cours d’une année d’imposition ultérieure, à une personne avec laquelle il n’avait aucun lien de dépendance, est déductible dans le calcul du revenu du contribuable pour l’année ultérieure l’excédent éventuel du principal de la convention de vente ou de la créance hypothécaire en cours de validité lors de la vente sur la contrepartie payée par l’acheteur au contribuable pour la convention de vente ou la créance hypothécaire. Provisions spéciales
Subject to paragraphs 18(1)(a) and (b), the taxpayer may deduct in computing the taxpayer’s income for the taxpayer’s taxation year in which the specified amount was paid, the amount, if any, by which the specified amount exceeds the eligible portion of the specified amount. Specified amount deemed not to be payable or receivable (a) the taxpayer is deemed not to have paid, and not to have been obligated to pay, the specified amount; and (b) the recipient is deemed not to have received, and not to have been entitled to receive, the specified amount. (i) the specified amount was paid before September 17, 2004, (ii) the original amount is a tax imposed under a provincial law on the production of (A) petroleum, natural gas or related hydrocarbons from a natural accumulation of petroleum or natural gas (other than a mineral resource) located in Canada, or from an oil or gas well located in Canada if the petroleum, natural gas or related hydrocarbons are not, before extraction, owned by the Crown in right of Canada or a province, or (B) metals, minerals or coal from a mineral resource located in Canada if the metals, minerals or coal are not, before extraction, owned by the Crown in right of Canada or a province, (iv) the original amount is a prescribed amount; and (b) the taxpayer’s share of the original amount, in any other case.
Lorsqu’un montant est déductible dans le calcul du revenu pour une année d’imposition, selon l’alinéa (1m), à titre de provision à l’égard : a) soit des aliments ou des boissons qui, selon ce qu’il est raisonnable de prévoir, devront être livrés après la fin de l’année; b) soit du transport qui, selon ce qu’il est raisonnable de prévoir, devra être fourni après la fin de l’année, (d) transportation not provided before the end of the year, as the case may be. Where para. (1)(m) does not apply (d) as a reserve in respect of a reclamation obligation. il doit être substitué au montant déterminé en application de cet alinéa une somme n’excédant pas le total des montants inclus dans le calcul du revenu du contribuable, tiré de l’entreprise, pour l’année, qui ont été reçus ou sont à recevoir (selon la méthode habituellement utilisée par le contribuable dans le calcul de ses bénéfices) dans l’année relativement à, selon le cas : c) des aliments ou des boissons non livrés avant la fin de l’année; d) du transport non fourni avant la fin de l’année. Non-application de l’al. (1)m)
A taxpayer’s share of an original amount in respect of a specified amount paid by the taxpayer to a recipient in respect of a property is the amount that may reasonably be considered to be the taxpayer’s share of the total of all amounts described in paragraph 12(1)(o) or 18(1)(m) in respect of the property, which share may not exceed the total of (a) that proportion of the total of all amounts described in paragraph 12(1)(o) or 18(1)(m) in respect of the property that the taxpayer’s share of production from the property payable to the taxpayer as a royalty, which royalty is computed without reference to the costs of exploration or production, is of the total production from the property, and (b) that proportion of the total of all amounts described in paragraph 12(1)(o) or 18(1)(m) in respect of the property (other than those amounts which the recipient has received or is entitled to receive as a reimbursement, contribution or allowance in respect of a royalty described in paragraph (a)) that the taxpayer’s share of the income from the property is of the total income from the property. Reduction in original amount for Part XII of the regulations
L’alinéa (1)m) ne permet pas de faire une déduction : a) à titre de provision relativement à des garanties ou indemnités; b) dans le calcul du revenu tiré par un contribuable d’une entreprise, pour une année d’imposition, lorsque ce revenu pour l’année est calculé suivant la méthode permise par le paragraphe 28(1); c) à titre de provision relativement à une assurance; toutefois, un assureur peut déduire à titre de provision technique, dans le calcul de son revenu pour une année d’imposition tiré d’une entreprise d’assurance qu’il exploite, sauf une entreprise d’assurance-vie, un montant ne dépassant pas la somme visée par règlement quant à lui pour l’année; d) à titre de provision relativement à une obligation en matière de restauration. Aucune déduction dans certains cas
For the purpose of applying Part XII of the Income Tax Regulations, an original amount in respect of which a specified amount is received is deemed, for the taxation year in which the original amount was paid or became payable or receivable, not to include an amount equal to the eligible portion of the specified amount. breeding animals means deer, elk and other similar grazing ungulates, bovine cattle, bison, goats, sheep and horses that are over 12 months of age and are kept for breeding; (animaux reproducteurs) breeding bees means bees that are not used principally to pollinate plants in greenhouses and larvae of those bees; (abeilles reproductrices) breeding bee stock, of a taxpayer at any time, means a reasonable estimate of the quantity of a taxpayer’s breeding bees held at that time in the course of carrying on a farming business using a unit of measurement that is accepted as an industry standard; (stock d’abeilles reproductrices) breeding herd of a taxpayer at any time means the number determined by the formula A is the total number of the taxpayer’s breeding animals held in the course of carrying on a farming business at that time, B is the total number of the taxpayer’s breeding animals held in the business at that time that are female bovine cattle that have not given birth to calves, and C is the lesser of the number determined as the value of B and one-half the total number of the taxpayer’s breeding animals held in the business at that time that are female bovine cattle that have given birth to calves. (troupeau reproducteur) Income deferral from the destruction of livestock
L’alinéa (1)n) n’autorise pas une déduction dans le calcul du revenu d’un contribuable tiré d’une entreprise pour une année d’imposition à l’égard d’un bien vendu dans le cours des activités de l’entreprise dans l’un ou l’autre des cas suivants : a) le contribuable, à la fin de l’année ou à un moment donné de l’année d’imposition suivante : (i) soit était exonéré d’impôt en vertu d’une disposition de la présente partie, (ii) soit ne résidait pas au Canada ni n’exploitait l’entreprise au Canada; b) la vente a eu lieu plus de 36 mois avant la fin de l’année; Application of para. (1)(cc) c) l’acheteur du bien vendu était une société qui, immédiatement après la vente : (i) était contrôlée, directement ou indirectement, de quelque manière que ce soit, par le contribuable, (ii) était contrôlée, directement ou indirectement, de quelque manière que ce soit, par une personne ou un groupe de personnes qui contrôlait le contribuable directement ou indirectement, de quelque manière que ce soit, (iii) contrôlait le contribuable directement ou indirectement, de quelque manière que ce soit; d) l’acheteur du bien vendu était une société de personnes dont le contribuable était, immédiatement après la vente, un associé détenant une participation majoritaire. Application de l’al. (1)(cc)
Where a particular amount in respect of the forced destruction of livestock under statutory authority in a taxation year of a taxpayer is included in computing the income of the taxpayer for the year from a farming business, there may be deducted in computing that income such amount as the taxpayer claims not exceeding the particular amount. Inclusion of deferred amount
Au lieu de déduire, dans le calcul du revenu qu’il a tiré d’une entreprise pour une année d’imposition, une somme dont la déduction est autorisée par l’alinéa (1)(cc), le contribuable peut, s’il choisit de le faire selon les modalités réglementaires, déduire 1/10 de cette somme dans le calcul de son revenu pour cette année d’imposition et faire une déduction semblable dans le calcul de son revenu pour chacune des 9 années suivantes. Dépenses relatives à un congrès
The amount deducted under subsection (2) in computing the income of a taxpayer from a farming business for a taxation year shall be deemed to be income of the
Malgré l’alinéa 18(1)b), est déductible dans le calcul du revenu qu’un contribuable tire d’une entreprise pour une année d’imposition une somme payée par le contribuable au cours de l’année au titre des dépenses qu’il a supportées pour assister aux plus afférents à l’entreprise et tenus pendant l’année par une organisation commerciale ou professionnelle, en un lieu qu’il est raisonnable de considérer comme étant en rapport avec l’organisation en question, eu égard au territoire sur lequel elle exerce son activité. Impôts étrangers sur le revenu tiré de biens et dépassant 15 %
If in a taxation year a taxpayer carries on a farming business in a region that is at any time in the year a prescribed drought region or a prescribed region of flood or excessive moisture and the taxpayer’s breeding herd at the end of the year in respect of the business does not exceed 85% of the taxpayer’s breeding herd at the beginning of the year in respect of the business, there may be deducted in computing the taxpayer’s income from the business for the year the amount that the taxpayer claims, not exceeding the amount, if any, determined by the formula A is the amount by which (a) the total of all amounts included in computing the taxpayer’s income for the year from the business in respect of the sale of breeding animals in the year (b) the total of all amounts deducted under paragraph 20(1)(n) in computing the taxpayer’s income from the business for the year in respect of an amount referred to in paragraph (a) of this description; B is the total of all amounts deducted in computing the taxpayer’s income from the business for the year in respect of the acquisition of breeding animals; and (a) 30% where the taxpayer’s breeding herd at the end of the year in respect of the business exceeds 70% of the taxpayer’s breeding herd at the beginning of the year in respect of the business, and (b) 90% where the taxpayer’s breeding herd at the end of the year in respect of the business does not exceed 70% of the taxpayer’s breeding herd at the beginning of the year in respect of the business. Income deferral (4.1) If in a taxation year a taxpayer carries on a farming business in a region that is at any time in the year a prescribed drought region or a prescribed region of flood or excessive moisture and the taxpayer’s breeding bee stock at the beginning of the year in respect of the business, there may be deducted in computing the taxpayer's income from the business for the year the amount that the taxpayer claims, not exceeding the amount, if any, determined by the formula A is the amount by which (a) the total of all amounts included in computing the taxpayer's income from the business for the year in respect of the sale of breeding bees in the year (b) the total of all amounts deducted under paragraph 20(1)(n) in computing the taxpayer's income from the business for the year in respect of an amount referred to in paragraph (a); B is the total of all amounts deducted in computing the taxpayer's income from the business for the year in respect of the acquisition of breeding bees; and (a) 30% if the taxpayer's breeding bee stock in respect of the business at the end of the year exceeds 70% of the taxpayer's breeding bee stock in respect of the business at the beginning of the year, and (b) 90% if the taxpayer's breeding bee stock in respect of the business at the end of the year does not exceed 70% of the taxpayer's breeding bee stock in respect of the business at the beginning of the year. Inclusion of deferred amount
Est déductible dans le calcul du revenu qu’un particulier tire d’un bien autre qu’un bien immeuble ou réel, pour une année d’imposition postérieure à 1975, et qui constitue un revenu tiré d’une source située à l’étranger l’excédent du montant visé à l’alinéa a) sur le montant visé à l’alinéa b) : a) la partie des impôts sur le revenu ou sur les bénéfices qu’il a payée pour l’année à un gouvernement d’un pays étranger et qu’il est raisonnable de considérer comme ayant été payée au titre d’une somme incluse (b) 15% of the amount referred to in paragraph 20(1)(a). dans le calcul de son revenu tiré des biens pour l’année; b) 15 % de la somme visée à l’alinéa a). Impôt étranger sur le revenu ne provenant pas d’une entreprise
An amount deducted under subsection (4) or (4.1) in computing the income of a taxpayer for a particular taxation year from a farming business carried on in a region prescribed under those subsections may, to the extent that the taxpayer so elects, be included in computing the taxpayer's income from the business for a taxation year ending after the particular taxation year and is, except to the extent that the amount has been included under this subsection in computing the taxpayer's income from the business for a preceding taxation year after the particular year, deemed to be income of the taxpayer from the business for the taxation year of the taxpayer that is the earliest of (a) the first taxation year beginning after the end of the period or series of continuous periods, as the case may be, for which the region is prescribed under those subsections, (b) the first taxation year, following the particular taxation year, at the end of which the taxpayer is (i) non-resident, and (ii) not carrying on business through a fixed place of business in Canada, and (c) the taxation year in which the taxpayer dies.
Si un contribuable réside au Canada au cours d’une année d’imposition, est déductible dans le calcul de son revenu tiré d’une entreprise ou d’un bien le montant qu’il demande, ne dépassant pas l’impôt sur le revenu ne provenant pas d’une entreprise qu’il a payé pour l’année au gouvernement d’un pays étranger au titre de ce revenu, au sens du paragraphe 126(7), mais comme tenu des alinéas c) et e) de la définition de ce terme à ce paragraphe qu’il a payé l’année précédente, à l’exception de tout ou partie de cet impôt qu’il est raisonnable de considérer comme payé par une société à l’égard du revenu tiré d’une action du capital-actions d’une société étrangère affiliée de la société. Impôt étranger en cas d’absence de profit économique (12.1) Est déductible dans le calcul du revenu d’un contribuable pour une année d’imposition tiré d’une entreprise le montant que le contribuable demande, ne dépassant pas le moins élevé des montants suivants : a) le montant d’impôt étranger, au sens du paragraphe 126(4.1), qui, à la fois : (i) est attribuable soit à un bien utilisé dans le cadre de l’entreprise pour une période pendant laquelle le contribuable était propriétaire du bien, soit à une opération connexe au sens du paragraphe 126(7), (ii) est payé par le contribuable pour l’année, (iii) n’est pas inclus, par l’effet du paragraphe 126(4.1), dans le calcul de l’impôt sur le revenu d’une entreprise du contribuable ou de son impôt sur le revenu ne provenant pas d’une entreprise, (iv) si le contribuable est une société, n’est pas un montant qu’il est raisonnable de considérer comme ayant été payé au titre du revenu tiré d’une action du capital-actions d’une société étrangère affiliée du contribuable; b) la partie du revenu du contribuable pour l’année tiré de l’entreprise qui est attribuable au bien pour la Interest on debt obligation Income Tax PART I Income Tax DIVISION B Computation of Income
Subsections (2), (4) and (4.1) do not apply to a taxpayer in respect of a farming business for a taxation year (a) in which the taxpayer died; or (b) where at the end of the year the taxpayer is non-resident and not carrying on the business through a fixed place of business in Canada.
Sales of linked notes A - B where
In applying subsection (4.1) in respect of a taxation year, the unit of measurement used for determining the quantity of a taxpayer’s breeding bee stock held in the course of carrying on a farming business at the end of the year is to be the same as that used for the beginning of the year.
[Repealed, 2003, c. 28, s. 3] Terminal loss
(a) all interest on all such loans and debts computed at the prescribed rate on each such loan and debt for the period in the year during which it was outstanding, and (b) the total of all amounts each of which is an amount of interest that was paid or payable in respect of the year on such a loan or debt by (i) where the person is a partnership (referred to in this paragraph as the employer) that (i) a person or partnership (in this paragraph referred to as the “employer”) that employed or intended to employ the individual, (ii) a person (other than the debtor) related to the employer, or (iii) a person or partnership to or for whom or which the services were or were to be provided or performed by the corporation or a person (other than the debtor) who does not deal at arm’s length with that person or any member of that partnership, exceeds the total of (c) the amount of interest for the year paid on all such loans and debts not later than 30 days after the end of the year, and (d) any portion of the total determined in respect of the year under paragraph 80.4(1)(b) that is reimbursed in the year or within 30 days after the end of the year by the debtor to the person or entity who made the payment referred to in that paragraph. (1.1) A loan or debt is deemed to have been received or incurred because of an individual’s office or employment, or because of services performed by a corporation that carries on a personal services business, as the case may be, if it is reasonable to conclude that, but for an individual’s previous, current or intended office or employment, or the services performed or to be performed by the corporation, (a) the terms of the loan or debt would have been different; or (b) the loan would not have been received or the debt would not have been incurred.
Notwithstanding paragraphs 18(1)(a), 18(1)(b) and 18(1)(h), where at the end of a taxation year, (d) no amount shall be deducted for the year under paragraph 20(1)(a) in respect of property of that class. Impôt sur le revenu
Where a person (other than a corporation resident in Canada) or a partnership (other than a partnership each member of which is a corporation resident in Canada) was (b) connected with a shareholder of a corporation, or (c) a member of a partnership, or a beneficiary of a trust, that was a shareholder of a corporation, and by virtue of that shareholding that person or partnership received a loan from, or otherwise incurred a debt to, that corporation, any other corporation related thereto or a partnership of which that corporation or any corporation related thereto was a member, the person or partnership shall be deemed to have received a benefit in a taxation year equal to the amount, if any, by which (d) all interest on all such loans and debts computed at the prescribed rate on each such loan and debt for the period in the year during which it was outstanding exceeds (i) the amount of interest for the year paid on all such loans and debts (other than loans deemed to have been made under subsection 15(2.17)) not later than 30 days after the end of the year, and (ii) the specified interest amounts, for the year, in respect of all such loans that are deemed to have been made under subsection 15(2.17).
Subsections 80.4(1) and (2) do not apply in respect of any loan or debt, or any part thereof, (a) on which the rate of interest was equal to or greater than the rate that would, having regard to all the circumstances (including the terms and conditions of the loan or debt), have been agreed on, at the time the loan was received or the debt was incurred, between parties dealing with each other at arm’s length if (i) none of the parties received the loan or incurred the debt by virtue of an office or employment or by virtue of the shareholding of a person or partnership, and (ii) the ordinary business of the creditor included the lending of money, except where an amount is paid or payable in any taxation year to the creditor in respect of interest on the loan or debt by a party other than the debtor, (b) that was included in computing the income of a person or partnership under this Part; or (c) that satisfies the conditions set out in subsection 15(2.51) and is repaid within 15 years after the qualifying business transfer referred to in that subsection. Interest on loans for home purchase or relocation
For the purpose of computing the benefit under subsection (1) in a taxation year in respect of a home purchase loan or a home relocation loan, the amount of interest determined under paragraph (1)(a) shall not exceed the amount of interest that would have been determined thereunder if it had been computed at the prescribed rate in effect at the time the loan was received or the debt was incurred, as the case may be.
Where an individual has, before November 13, 1981, (a) received a housing loan, or (b) made arrangements in writing in respect of a home purchase loan that would, if the loan were made before 1982, have been a housing loan, for the purpose of computing the amount of interest referred to in paragraph 80.4(1)(a) on the loan, the amount of the loan may be reduced (c) for the 1982 taxation year, by the amount, if any, by which $40,000 exceeds the total of (i) all amounts claimed as a reduction under this subsection for the year by the individual’s spouse or common-law partner with whom the individual resided in the year, and (ii) all amounts claimed as a reduction under this subsection for the year by the individual on all other loans, and (d) for the 1983 taxation year, by the amount, if any, by which $20,000 exceeds the total of (i) all amounts claimed as a reduction under this subsection for the year by the individual’s spouse or common-law partner with whom the individual resided in the year, and (ii) all amounts claimed as a reduction under this subsection for the year by the individual on all other loans. Deemed new home purchase loans
considérée comme se rapportant aux intérêts non gagnés ne peut être ni déduit ni inclus dans le calcul du revenu de l’émetteur. Ventes de billets liés (14.2) Pour l’application du paragraphe (14), la somme obtenue par la formule ci-après est réputée constituer un montant d’intérêts courus sur une créance cédée ou autrement transférée — visée, à un moment donné, à l’alinéa 7000(1)d) du Règlement de l’impôt sur le revenu — auquel le bénéficiaire du transfert a obtenu, pour une période commençant avant le moment du transfert et se terminant à ce moment, le droit et qui n’est payable qu’après ce moment : A - B où : A représente le prix auquel la créance a été cédée ou autrement transférée au moment du transfert; B l’excédent du prix (converti en dollars canadiens au taux de change en vigueur au moment du transfert, si la créance est libellée dans une monnaie étrangère) auquel la créance a été émise sur le capital de la créance (également converti en dollars canadiens au taux de change en vigueur au moment du transfert, si la créance est libellée dans une monnaie étrangère) de la créance qui a été remboursée par l’émetteur au plus tard au moment du transfert.
For the purposes of this section, other than paragraph 80.4(3)(a) and subsection 80.4(5), where a home purchase loan or a home relocation loan of an individual has a term for repayment exceeding five years, the balance outstanding on the loan on the date that is five years from the day the loan was received or was last deemed by this subsection to have been received shall be deemed to be a new home purchase loan received by the individual on that date.
[Abrogé, 2003, ch. 28, art. 3] Perte finale
In this section, home purchase loan means that portion of any loan received or debt otherwise incurred by an individual in the circumstances described in subsection 80.4(1) that is used to acquire, or to repay a loan or debt that was received or incurred to acquire, a dwelling, or a share of the capital stock of a cooperative housing corporation acquired for the sole purpose of acquiring the right to inhabit a dwelling owned by the corporation, where the dwelling is for the habitation of (a) the individual by virtue of whose office or employment the loan is received or the debt is incurred, (b) a specified shareholder of the corporation by virtue of whose services the loan is received or the debt is incurred, or (c) a person related to a person described in paragraph (a) or (b), prescribed rate of interest means (c) for any year, or part thereof, after 1978, such rate of interest as is prescribed therefore except that, for the purpose of computing the benefit under subsection 80.4(1) in a taxation year on a home purchase loan received after November 12, 1981 and before 1982, the prescribed rate of interest at the time the loan was received shall be deemed to be 16% per annum; (taux prescrit) specified interest amount, for a year, in respect of a loan (referred to in this definition as the deemed loan) deemed to have been made under subsection 15(2.17) by an ultimate funder (as defined in subsection 15(2.192)), means the amount determined by the formula A is the amount of interest for the year versus 30 days after the end of the year on the deemed loan that would, if the ultimate funder were a lender of funds, as described in subsection 15(2.192), not be an ultimate funder, as described in this paragraph, in the course of at least one financing arrangement, as described in this paragraph, with the ultimate funder — that gave rise to the deemed loan; B is the average of all amounts owing on the deemed loan; C is the total of all amounts each of which represents the amount owing during the year on a loan referred to in element A. (specified interest amount) A is the amount of interest for the year paid not later than 30 days after the end of the year on all debts — owing by one or more funders (as defined in subsection 15(2.192), but excluding any funders that are ultimate funders as defined in subsection 15(2.192)) under one or more funding arrangements (as defined in subsection 15(2.192)) to the ultimate funder — that gave rise to the deemed loan; B is the average amount outstanding for the year in respect of the deemed loan; and C is the total of all amounts each of which is the average amount outstanding in the year on or on account of an amount owing under a debt described in A. Meaning of connected
Malgré les alinéas 18(1)a), b) et h), lorsque, à la fin d’une année d’imposition : a) d’une part, le total des montants entrant dans le calcul des éléments A à D.1 de la formule figurant à la définition de fraction non amortie du coût en capital au paragraphe 13(21) excède le total des montants entrant dans le calcul des éléments E à K de la même formule, au titre des biens amortissables d’une catégorie prescrite d’un contribuable; b) d’autre part, le contribuable ne possède plus de biens de cette catégorie, dans le calcul de son revenu pour l’année : c) il doit déduire l’excédent déterminé en vertu de l’alinéa a); Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of subsection (2), a person or partnership is connected with a shareholder of a corporation if that person or partnership does not deal at arm’s length with, or is affiliated with, the shareholder and, in the case of a person, that person is (a) a foreign affiliate of the corporation; or (b) a foreign affiliate of a person resident in Canada with which the corporation does not deal at arm’s length. Deemed interest
Non-application of subsection (16) (16.1) Subsection (16) does not apply Impôt sur le revenu
(b) a person or partnership under subsection 80.4(2), the amount of the benefit shall, for the purposes of subparagraph 8(1)(j)(ii) and paragraph 20(1)(c), be deemed to be interest paid in, and payable in respect of, the year by the debtor pursuant to a legal obligation to pay interest on borrowed money. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1880-81-82-83, c. 140, s. 45; 1984, c. 1, s. 36.
(a) to have disposed of the property immediately before the beginning of the synthetic disposition period for proceeds equal to its fair market value at the beginning of the synthetic disposition period; and (b) to have reacquired the property at the beginning of the synthetic disposition period at a cost equal to that fair market value.
Subsection (1) does not apply in respect of a property owned by a taxpayer if (a) the disposition referred to in subsection (1) would not result in the realization of a capital gain or income; (b) the property is a mark-to-market property (as defined in subsection 142.2(1)) of the taxpayer; (c) the synthetic disposition arrangement referred to in subsection (1) is a lease of tangible property or, for civil law, corporeal property; (e) the property is disposed of as part of the arrangement, within one year after the day on which the synthetic disposition period of the arrangement begins. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2013, c. 40, s. 38. Amounts Not Included in Computing Income Amounts not included in income
(a) an amount that is declared to be exempt from income tax by any other enactment of Parliament, other than an amount received or receivable by an individual that is exempt by virtue of a provision contained in SUBDIVISION G Amounts Not Included in Computing Income a tax convention or agreement with another country that has the force of law in Canada; (b) an amount received under a War Savings Certificate issued by His Majesty in right of Canada or under a similar savings certificate issued by His Majesty in right of Newfoundland before April 1, 1949; Ship or aircraft of non-residents (c) the income for the year of a non-resident person earned in Canada from international shipping or from the operation of aircraft in international traffic, if the country in which the person is resident grants substantially similar relief for the year to persons resident in Canada; Ship of resident corporations (c.1) the income for the year of a corporation resident in Canada (if this Act were read without reference to subsection 250(4)) earned from international shipping, if that corporation satisfies the conditions set out in paragraphs 250(6)(a) and (b); (d) an amount, payment, an allowance or compensation that is received under or is subject to the Pension Act, the Civilian War-related Benefits Act or the War Veterans Allowance Act, an amount received under the Gallantry Awards Order or compensation received under the regulations made under section 9 of the Aeronautics Act; Canadian Forces members and veterans amounts (d.1) the total of all amounts received or enjoyed by the taxpayer or the taxpayer’s spouse or common-law partner or survivor (as defined in subsection 146.2(1)) in the year on account of (i) a Canadian Forces income support benefit payable to the taxpayer under Part 2 of the Veterans Well-being Act, (ii) pain and suffering compensation, additional pain and suffering compensation or a critical injury benefit, disability award, death benefit, clothing allowance or detention benefit payable to the taxpayer under Part 3 of the Veterans Well-being Act, (iii) a caregiver recognition benefit payable to the taxpayer under Part 3.1 of the Veterans Well-being Act, (iv) an amount payable to the taxpayer under subsection 132(1) of the Veterans Well-being Act, (v) a benefit provided under the Veterans Health Care Regulations, (vi) a benefit provided in respect of Rehabilitation Services and Vocational Assistance under Part 2 of the Veterans Well-being Act, (vii) a benefit provided to a member of the Canadian Forces under the Compensation and Benefit Instructions for the Canadian Forces that is (G) a spousal education upgrade benefit, (H) a funeral and burial expenses benefit, or (viii) a benefit provided by the Department of National Defence as an education expense reimbursement for ill and injured members; (e) a pension payment received on account of disability or death arising out of a war from a country that was an ally of Canada at the time of the war, if that country grants substantially similar relief for the year to a person receiving a pension referred to in paragraph 81(1)(d); (ff) a pension payment, a grant or an allowance in respect of death or injury sustained in the explosion in Halifax in 1917 and received from the Halifax Relief Commission the incorporation of which was confirmed by an Act respecting the Halifax Relief Commission, chapter 24 of the Statutes of Canada, 1918, or received pursuant to the Halifax Relief Commissions Pension Continuation Act, chapter 88 of the Statutes of Canada, 1974-75-76; Compensation by Federal Republic of Germany (g) a payment made by the Federal Republic of Germany or by a public body performing a function of government within that country as compensation to a victim of National Socialist persecution, where no tax SUBDIVISION G Amounts Not Included in Computing Income is payable in respect of that payment under a law of the Federal Republic of Germany that imposes an income tax; Income from personal injury award property (g.1) the income for the year from any property acquired by or on behalf of a person as an award of, or pursuant to an action for, damages in respect of physical or mental injury to that person, or from any property substituted therefor and any taxable capital gain for the year from the disposition of any such property, (i) where the income was income from the property, if the income was earned in respect of a period before the end of the taxation year in which the person attained the age of 21 years, and (ii) in any other case, if the person was less than 21 years of age during any part of the year; (g.2) any income for the year from any income that is by virtue of this paragraph or paragraph 81(1)(g.1) not required to be included in computing the taxpayer’s income (other than any income attributable to any period after the end of the taxation year in which the person on whose behalf the income was earned attained the age of 21 years); Certain government funded trusts (g.3) the amount that, but for this paragraph, would be the income of the taxpayer for the year if (i) the taxpayer is a trust established under (A) the 1986-1990 Hepatitis C Settlement Agreement entered into by Her Majesty in right of Canada and Her Majesty in right of each of the provinces, (B) the Pre-1986/Post-1990 Hepatitis C Settlement Agreement entered into by Her Majesty in right of Canada, (C) the Indian Residential Schools Settlement Agreement entered into by Her Majesty in right of Canada on May 8, 2006, (D) the Settlement Agreement entered into by Her Majesty in Right of Canada on September 15, 2021 in respect of the class action relating to long-term drinking water quality for impacted First Nations, (E) the Settlement Agreement entered into by His Majesty in right of Canada on January 18,
Non-application du paragraphe (16) (16.1) Le paragraphe (16) ne s’applique pas à l’égard : a) de la voiture de tourisme d’un contribuable dont le coût pour lui dépasse 20 000 $ ou tout autre montant qui est prévu par règlement; b) d’une année d’imposition pour ce qui est d’un bien qui était un ancien bien dont le contribuable est réputé, par les alinéas 13(4.3)a) ou b), être le propriétaire, si, à la fois : (i) dans les 24 mois suivant le moment où le contribuable a été propriétaire du bien la dernière fois, le contribuable ou une personne avec laquelle il a un lien de dépendance acquiert un bien semblable relativement au même lieu fixe auquel l’ancien bien se rapportait, (ii) à la fin de l’année d’imposition, le contribuable ou la personne est propriétaire du bien semblable ou d’un autre bien semblable relativement au même lieu fixe auquel l’ancien bien se rapportait; c) d’une année d’imposition relativement à un bien compris dans la catégorie 14.1 de l’annexe II du Règlement de l’impôt sur le revenu, sauf si le contribuable a cessé d’exploiter l’entreprise à laquelle cette catégorie se rapportait. Mentions d’« année d’imposition » et d’« année » d’un particulier (16.2) Lorsque le contribuable est un particulier et que son revenu pour une année d’imposition comprend un revenu tiré d’une entreprise dont l’exercice ne correspond pas à l’année civile et qu’un bien amortissable acquis en vue de tirer un revenu de l’entreprise a fait l’objet d’une disposition, il est entendu que la mention de l’« année d’imposition » et de l’« année » aux paragraphes (16) et (16.1) vaut mention de l’« exercice ». Disposition après cessation de l’exploitation (16.3) Lorsqu’un contribuable, après avoir cessé d’exploiter une entreprise, dispose d’un bien amortissable d’une catégorie prescrite qu’il avait acquis en vue de tirer un revenu de l’entreprise et qu’il ne l’a pas utilisé par la suite à d’autres fins, la mention de l’« année d’imposition » et de l’« année » aux paragraphes (16) et (16.1) vaut, malgré le paragraphe (16.2), mention de l’« exercice ». Income Tax PART I Income Tax DIVISION B Computation of Income
(F) the Settlement Agreement entered into by His Majesty in right of Canada, dated effective as of April 19, 2023, in respect of the class actions relating to the First Nations Child and Family Services, Jordan’s Principle and Trout Class, and (ii) the only contributions made to the taxpayer before the end of the year are those provided for under the relevant Agreement described in subparagraph (i); Relief for increased heating expenses (g.4) an amount received pursuant to the Order Authorizing Ex Gratia Payments for Increased Heating Expenses; (g.5) an amount received pursuant to Part 1 of the Energy Costs Assistance Measures Act; Ontario Electricity Support Program (g.6) an amount of rate assistance received under section 79.2 of the Ontario Energy Board Act, 1998, S.O. 1998, c. 15, Sch B, as amended from time to time; Social assistance (h) where the taxpayer is an individual (other than a trust), a social assistance payment (other than a prescribed payment) ordinarily made on the basis of a means, needs or income test under a program provided for by an Act of Parliament, a law of a province or a law of an Indigenous governing body (as defined in section 2 of the Children’s Special Allowances Act), to the extent that it is received directly or indirectly by the taxpayer for the benefit of another individual (other than the taxpayer’s spouse or common-law partner or a person who is related to the taxpayer or to the taxpayer’s spouse or common-law partner), if (i) no family allowance under the Family Allowances Act or any similar allowance under a law of a province that provides for payment of an allowance similar to the family allowance provided under that Act is payable in respect of the other individual for the period in respect of which the social assistance payment is made, and (ii) the other individual resides in the taxpayer’s principal place of residence, or the taxpayer’s principal place of residence is maintained for use as the residence of that other individual, throughout the period referred to in subparagraph 81(1)(h)(i); Social assistance for informal care programs (h.1) if the taxpayer is an individual (other than a trust), a social assistance payment ordinarily made on the basis of a means, needs or income test provided for under a program of the Government of Canada, the government of a province or of an Indigenous governing body (as defined in section 2 of the *Children’s Special Allowances Act*), to the extent that it is received directly or indirectly by the taxpayer for the benefit of a particular individual, if (i) payments to recipients under the program are made for the care and upbringing, on a temporary basis, of another individual in need of protection, (ii) the particular individual is a child of the taxpayer because of paragraph 252(1)(b) (or would be a child of the taxpayer because of that paragraph if the taxpayer did not receive payments under the program), and (iii) no special allowance under the *Children’s Special Allowances Act* is payable in respect of the particular individual for the period in respect of which the social assistance payment is made; (i) a pension payment or compensation received under section 5, 31 or 45 of the *Royal Canadian Mounted Police Pension Continuation Act*, chapter R-10 of the Revised Statutes of Canada, 1970, or section 32 or 33 of the *Royal Canadian Mounted Police Superannuation Act*, in respect of an injury, disability or death; Memorial grant (j) an amount received under the Memorial Grant Program for First Responders established under the authority of the *Department of Public Safety and Emergency Preparedness Act* in respect of individuals who die in the course of, or as a result of, their duties or as a result of an occupational illness or psychological impairment; Employees profit sharing plan (k) a payment or part of a payment from an employees profit sharing plan that section 144 provides is not to be included; (l) an amount in respect of the receipt of a share that section 35 provides is not to be included; (m) interest that accrued to, became receivable or was received by, a corporation resident in Canada (in this SUBDIVISION G Amounts Not Included in Computing Income paragraph referred to as the “parent corporation”) on a bond, debenture, bill, note, mortgage or similar obligation received by it as consideration for the disposition by it, before June 18, 1971, of (i) a business carried on by it in a country other than Canada, or (ii) all of the shares of a corporation that carried on a business in a country other than Canada, and such of the debts and other obligations of that corporation as were, immediately before the disposition, owing to the parent corporation, (iii) the business was of a public utility or public service nature, (iv) the business or the property described in subparagraph 81(1)(m)(ii), as the case may be, was disposed of to a person or persons resident in that country, and (v) the obligation received by the parent corporation was issued by or guaranteed by the government of that country or any agent thereof; Governor General (n) income from the office of Governor General of Canada, other than salary under the Governor General’s Act; Provincial indemnities (q) an amount paid to an individual as an indemnity under a prescribed provision of the law of a province; Foreign retirement arrangements (r) an amount that is credited or added to a deposit or account governed by a foreign retirement arrangement as interest or other income in respect of the deposit or account, where the amount would, but for this paragraph, be included in the taxpayer’s income solely because of that crediting or adding; Salary deferral leave plans (s) an amount paid to the taxpayer in the year under an arrangement described in paragraph 6801(a) of the Income Tax Regulations to the extent that the amount may reasonably be considered to be attributable to amounts that (i) were included in the taxpayer’s income for a preceding taxation year and were income, interest or other additional amounts, described in subparagraph 6801(a)(iv) of the *Income Tax Regulations*, and (ii) were re-contributed by the taxpayer under the arrangement in a preceding taxation year; or (t) an amount received under the *Dental Benefit Act*. Travel expenses (3.1) There shall not be included in computing an individual's income for a taxation year an amount (not in excess of a reasonable amount) received by the individual from an employer with whom the individual was dealing at arm’s length as an allowance for, or reimbursement of, travel expenses incurred by the individual in the year in respect of the individual’s part-time employment in the year with the employer (other than expenses incurred in the performance of the duties of the individual’s part-time employment) if (a) throughout the period in which the expenses were incurred, (i) the individual had other employment or was carrying on a business, or (ii) where the employer is a designated educational institution (within the meaning assigned by subsection 118.6(1)), the duties of the individual’s part-time employment were the provision in Canada of a service to the employer in the individual’s capacity as a professor or teacher; and (b) the duties of the individual’s part-time employment were performed at a location not less than 80 kilometres from, (i) where subparagraph (a)(i) applies, both the individual’s ordinary place of residence and the place of the other employment or business referred to in that subparagraph, and Payments for volunteer services (a) an individual was employed or otherwise engaged in a taxation year by a government, municipality or public authority (in this subsection referred to as “the employer”) and received in the year from the employer one or more amounts for the performance, as a volunteer, of the individual’s duties as (iii) a person who assists in the search or rescue of individuals or in other emergency situations, and (b) if the Minister so demands, the employer has certified in writing that (i) the individual was in the year a person described in paragraph (a), and (ii) the individual was at no time in the year employed or otherwise engaged by the employer, otherwise than as a volunteer, in connection with the performance of any of the duties referred to in paragraph (a) or of similar duties, there shall not be included in computing the individual's income derived from the performance of those duties the lesser of $1,000 and the total of those amounts, unless the individual makes a claim under section 118.06 or 118.07 for the year.
Where a taxpayer or a person described in paragraph 81(1)(g.1) has acquired capital property under the circumstances described in that paragraph, the taxpayer or the person may, in the return of income of the taxpayer for the taxation year in which the taxpayer attains the age of 21 years, elect to treat any such capital property held by the taxpayer or person as having been disposed of on the day immediately preceding the day on which the taxpayer attained the age of 21 years for proceeds of disposition equal to the fair market value of the property on that day and the person or taxpayer making the election shall be deemed to have reacquired that property immediately thereafter at a cost equal to those proceeds. (NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.) Current to January 22, 2025 Last amended on January 1, 2025 Corporations Resident in Canada and their Shareholders Taxable dividends received
and (18) [Repealed, 2013, c. 34, s. 180] Annuity contract Debt obligation Impôt sur le revenu
(a) the amount, if any, by which (i) the total of all amounts, other than eligible dividends and amounts described in paragraph (c), (d) or (e), received by the taxpayer in the taxation year from corporations resident in Canada as, on account of, in lieu of payment of or in satisfaction of, taxable dividends, (ii) if the taxpayer is an individual, the total of all amounts each of which is, or is deemed by paragraph 260(1)(b) to have been, paid by the taxpayer in the taxation year and deemed by subsection 260(5.1) to have been received by another person as a taxable dividend (other than an eligible dividend); a.1) The amount, if any, by which (i) the total of all amounts, other than amounts included in computing the income of the taxpayer because of paragraph (c), (d) or (e), received by the taxpayer in the taxation year from corporations resident in Canada as, on account of, in lieu of payment of or in satisfaction of, eligible dividends, (ii) if the taxpayer is an individual, the total of all amounts each of which is, or is deemed by paragraph 260(12)(b) to have been, paid by the taxpayer in the taxation year and deemed by subsection 260(5.1) to have been received by another person as an eligible dividend; (b) if the taxpayer is an individual, other than a trust that is a registered charity, the total of (i) the product of the amount determined under paragraph (a) in respect of the taxpayer for the taxation year multiplied by (A) for the 2018 taxation year, 16%, and (B) for taxation years after 2018, 15%, and (ii) the product of the amount determined under paragraph (a.1) in respect of the taxpayer for the taxation year multiplied by (A) for taxation years that end after 2005 and before 2010, 45%, (B) for the 2010 taxation year, 44%, (C) for the 2011 taxation year, 41%, and (D) for taxation years that end after 2011, 38%; (c) all taxable dividends received by the taxpayer in the taxation year, from corporations resident in Canada, under dividend rental arrangements of the taxpayer; (d) all taxable dividends (other than taxable dividends described in paragraph (c)) received by the taxpayer in the taxation year from corporations resident in Canada that are not taxable Canadian corporations; and (e) if the taxpayer is a trust, all amounts each of which is all or part of a taxable dividend (other than a taxable SUBDIVISION H Corporations Resident in Canada and their Shareholders dividend described in paragraph (c) or (d) that was received by the trust in the taxation year on a share of the capital stock of a taxable Canadian corporation and that can reasonably be considered to have been included in computing the income of a beneficiary under the trust who was non-resident at the end of the taxation year. Limitation as to paragraph (1)(c) (1.1) An amount shall be included in the amounts described in paragraph (1)(c) in respect of a taxable dividend received at any time as part of a dividend rental arrangement only if that dividend was received on a share acquired before that time and after April, 1989. Certain dividends received by taxpayer
Where by reason of subsection 56(4) or 56(4.1) or sections 74.1 to 75 of this Act or section 74 of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, there is included in computing a taxpayer’s income for a taxation year a dividend received by another person, for the purposes of this Act, the dividend shall be deemed to have been received by the taxpayer. Dividends received by spouse or common-law partner
Where the amount that would, but for this subsection, be deductible under subsection 118(1) by reason of paragraph 118(1)(a) in computing a taxpayer’s tax payable under this Part for a taxation year that is less than the amount that would be so deductible if no amount were required by subsection (1) to be included in computing the income for the year of the taxpayer’s spouse or common-law partner and the taxpayer so elects in the taxpayer’s return of income for the year under this Part, all amounts described in paragraph (1)(a) or (a.1) received in the year from taxable Canadian corporations by the taxpayer’s spouse or common-law partner are deemed to have been so received by that taxpayer and not by the spouse or common-law partner. (NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.) Qualifying dividends
(a) no part of the qualifying dividend shall be included in computing the income of any shareholder of the corporation by virtue of this Subdivision; and (b) in computing the adjusted cost base to any shareholder of the corporation of any tax-deferred preferred share of the corporation owned by the shareholder, there shall be deducted in respect of the qualifying dividend an amount as provided by subparagraph 53(2)(a)(i).
Where at any particular time after 1971 a dividend becomes payable by a private corporation to shareholders of any class of shares of its capital stock and the corporation so elects in respect of the full amount of the dividend, in prescribed manner and prescribed form and at or before the particular time or the first day on which any part of the dividend was paid if that day is earlier than the particular time, the following rules apply: (a) the dividend shall be deemed to be a capital dividend to the extent of the corporation’s capital dividend account immediately before the particular time; and (b) no part of the dividend shall be included in computing the income of any shareholder of the corporation. (2.1) Notwithstanding subsection 83(2), where a dividend that, but for this subsection, would be a capital dividend is paid on a share of the capital stock of a corporation and the share (or another share for which the share was substituted) was acquired by its holder in a transaction or as part of a series of transactions one of the main purposes of which was to receive the dividend, (a) the dividend shall, for the purposes of this Act (other than for the purposes of Part III and computing the capital dividend account of the corporation), be deemed to be received by the shareholder and paid by the corporation as a taxable dividend and not as a capital dividend; and (b) paragraph 83(2)(b) does not apply in respect of the dividend. Restriction SUBDIVISION H Corporations Resident in Canada and their Shareholders (2.2) Subsection 83(2.1) does not apply in respect of a particular dividend, in respect of which an election is made under subsection 83(2), paid on a share of the capital stock of a particular corporation to an individual where it is reasonable to consider that all or substantially all of the capital dividend account of the particular corporation immediately before the particular dividend became payable consisted of amounts other than any amount (a) added to that capital dividend account under paragraph (b) of the definition capital dividend account in subsection 89(1) in respect of a dividend received on a share of the capital stock of another corporation, which share (or another share for which the share was substituted) was acquired by the particular corporation in a transaction or in a series of transactions one of the main purposes of which was that the particular corporation receive the dividend, but not in respect of a dividend where it is reasonable to consider that the purpose of paying the dividend was to distribute an amount that was received by the other corporation and included in computing the other corporation’s capital dividend account by reason of paragraph (d) of that definition; (b) added to that capital dividend account under paragraph 87(2)(z.1) as a result of an amalgamation or winding-up or a series of transactions including the amalgamation or winding-up that would not have been so added had the amalgamation or winding-up occurred or the series of transactions been commenced after 4:00 p.m. Eastern Daylight Saving Time, September 25, 1987; (c) added to that capital dividend account at a time when the particular corporation was controlled, directly or indirectly, in any manner whatever, by one or more non-resident persons; or (d) in respect of a capital gain from a disposition of a property by the particular corporation or another corporation that may reasonably be considered as having accrued while the property (or another property for which it was substituted) was a property of a corporation that was controlled, directly or indirectly, in any manner whatever, by one or more non-resident persons. (2.3) Subsection 83(2.1) does not apply in respect of a dividend, in respect of which an election is made under subsection 83(2), paid on a share of the capital stock of a SUBDIVISION H Corporations Resident in Canada and their Shareholders corporation where it is reasonable to consider that the purpose of paying the dividend was to distribute an amount that was received by the corporation and included in computing its capital dividend account by reason of paragraph (d) of the definition capital dividend account in subsection 89(1). (2.4) Subsection 83(2.1) does not apply in respect of a particular dividend, in respect of which an election is made under subsection 83(2), paid on a share of the capital stock of a particular corporation to a corporation (in this subsection referred to as the “related corporation”) related (otherwise than by reason of a right referred to in paragraph 251(5)(b)) to the particular corporation where it is reasonable to consider that all or substantially all of the capital dividend account of the particular corporation immediately before the particular dividend became payable consisted of amounts other than any amount (a) added to that capital dividend account under paragraph (b) of the definition capital dividend account in subsection 89(1) in respect of a dividend received on a share of the capital stock of another corporation if it is reasonable to consider that any portion of the capital dividend account of that other corporation immediately before that dividend became payable consisted of amounts added to that account under paragraph 87(2)(z.1) or paragraph (b) of that definition as a result of a transaction or series of transactions that would not have been so added had the transaction occurred or the series of transactions been commenced after 4:00 p.m. Eastern Daylight Saving Time, September 25, 1987; (b) that represented the capital dividend account of a corporation before it became related to the related corporation; (c) added to the capital dividend account of the particular corporation at a time when that corporation was controlled, directly or indirectly, in any manner whatever, by one or more non-resident persons; (d) in respect of a capital gain from a disposition of a property by the particular corporation or another corporation that may reasonably be considered as having accrued while the property (or another property for which it was substituted) was a property of a corporation that was controlled, directly or indirectly, in any manner whatever, by one or more non-resident persons; or (e) in respect of a capital gain from a disposition of a property (or another property for which it was substituted) that may reasonably be considered as having SUBDIVISION H Corporations Resident in Canada and their Shareholders Late filed elections
et (18) [Abrogés, 2013, ch. 34, art. 180] Contrat de rente
Where at any particular time after 1974 a dividend has become payable by a corporation to shareholders of any class of shares of its capital stock, and subsection 83(1) or (2) would have applied to the dividend except that the election referred to therein was not made on or before the day on or before which the election was required by that subsection to be made, the election shall be deemed to have been made at the particular time or on the first day on which any part of the dividend was paid, whichever is the earlier, if (a) the election is made in prescribed manner and prescribed form; (b) an estimate of the penalty in respect of that election is paid by the corporation when that election is made; and (c) the directors or other person or persons legally entitled to administer the affairs of the corporation have, before the time the election is made, authorized the election to be made. Request for election (3.1) The Minister may at any time, by written request served personally or by registered mail, request that an election referred to in subsection 83(3) be made by a taxpayer, and where the taxpayer on whom such a request is served does not comply therewith within 90 days of service thereof on the taxpayer, subsection 83(3) does not apply to such an election made by the taxpayer. Penalty for late filed election
Lorsque, au cours d’une année d’imposition donnée, un contribuable a reçu un versement en vertu d’un contrat de rente, à l’égard duquel un montant a été inclus en vertu du paragraphe 12(3) dans le calcul de son revenu pour une année d’imposition commençant avant 1983, est déductible, dans le calcul de son revenu pour l’année donnée, le montant que permet le règlement. Police d’assurance-vie
For the purposes of this section, the penalty in respect of an election referred to in paragraph 83(3)(a) is an amount equal to the lesser of (a) 1% per annum of the amount of the dividend referred to in the election for each month or part of a month during the period commencing with the time that the dividend became payable, or the first day on which any part of the dividend was paid if that day is earlier, and ending with the day on which that election was made, and (b) the product obtained when $500 is multiplied by the proportion that the number of months or parts of months during the period referred to in paragraph 83(4)(a) bears to 12. SUBDIVISION H Corporations Resident in Canada and their Shareholders
Le contribuable qui, au cours d’une année d’imposition, dispose d’un intérêt dans une police d’assurance-vie qui n’est pas un contrat de rente, autrement qu’à cause d’un décès, ou d’un intérêt dans un contrat de rente autre qu’un contrat de rente visé par règlement peut déduire dans le calcul de son revenu pour l’année un montant égal au moins élevé des montants suivants : a) le total des montants à l’égard de l’intérêt inclus en application de l’article 12.2 de la présente loi ou de l’alinéa 56(1)d.1) de la Loi de l’impôt sur le revenu de 1952, chapitre 148 des Statuts révisés du Canada de 1952, dans le calcul de son revenu pour l’année ou pour une année d’imposition antérieure; b) l’excédent éventuel du coût de base rajusté (au sens de l’article 148) pour lui de cet intérêt, immédiatement avant la disposition, sur le produit de disposition (au sens de l’article 148) de l’intérêt que le titulaire de la police, un bénéficiaire ou un cessionnaire est devenu en droit de recevoir. Créance
The Minister shall, with all due dispatch, examine each election referred to in paragraph 83(3)(a), assess the penalty payable and send a notice of assessment to the corporation and the corporation shall pay, forthwith to the Receiver General, the amount, if any, by which the penalty so assessed exceeds the total of all amounts previously paid on account of that penalty. Definition of qualifying dividend
Lorsque, au cours d’une année d’imposition donnée, un contribuable a disposé d’un bien qui est un intérêt ou, pour l’application du droit civil, un droit sur une créance pour une contrepartie égale à sa juste valeur marchande au moment de la disposition, est déductible dans le calcul de son revenu pour l’année donnée, l’excédent : a) du total des montants dont chacun représente un montant qui a été inclus dans le calcul de son revenu pour l’année donnée ou une année d’imposition antérieure au titre des intérêts sur ce bien, sur le total des montants dont chacun représente : b) soit la fraction d’un montant reçu ou devenu à recevoir par lui au cours de l’année donnée ou d’une
For the purposes of subsection 83(1), qualifying dividend means a dividend on shares of a series of a class of the capital stock of a public corporation that is prescribed to be a tax-deferred preferred series that became payable by the corporation after 1978 and not later than (a) where the terms as at March 31, 1977 of the shares of that series entitled the holder of such a share to exchange it after a particular date for a share or shares of another series or class of preferred shares of the capital stock of the corporation, that particular date, (b) where the terms as at March 31, 1977 of the shares of that series required the corporation to offer to purchase the shares not later than a particular date all of the shares of that series from all of the holders of those shares, that particular date, and (c) in any other case, October 1, 1991, whichever is applicable in respect of that series of shares, except that a dividend on shares of such a series that would otherwise be a qualifying dividend shall be deemed not to be a qualifying dividend (d) at the time that the dividend became payable, the terms of the shares of that series differ from the terms as at March 31, 1977 of the shares of that series, or (e) after March 31, 1977 the corporation issued additional shares of that series. Amalgamation where there are tax-deferred preferred shares
[Repealed, 2013, c. 34, s. 180]
For the purposes of this section, where, after March 31, 1977, there has been an amalgamation within the meaning of section 87 and one or more of the predecessor corporations had a series of shares outstanding on March 31, 1977 that was prescribed to be a tax-deferred preferred series, the following rules apply: (a) the series of shares of the capital stock of the predecessor corporation that was prescribed to be a SUBDIVISION H Corporations Resident in Canada and their Shareholders tax-deferred preferred series shall be deemed to have been continued in existence in the form of the new shares; and (b) the new corporation shall be deemed to be the same corporation as, and a continuation of, each such predecessor corporation.
For the purposes of computing a deduction under paragraph 20(1)(l), 20(1)(l.1) or 20(1)(p) from the income année d’imposition antérieure, qu’il est raisonnable de considérer comme se rapportant à un montant visé à l’alinéa a) et que le contribuable n’a pas remboursé à l’émetteur de la créance en raison d’un redressement des intérêts que le contribuable a reçus avant le moment de la disposition; c) soit un montant relatif à ce bien et qui était déductible par lui en vertu de l’alinéa (14)b) dans le calcul de son revenu pour l’année donnée ou une année d’imposition antérieure. Déduction pour provisions négatives
(b) a transaction by which (i) the value of its assets less its liabilities has been increased, or (ii) its liabilities less the value of its assets have been decreased, by an amount not less than the amount of the increase in the paid-up capital in respect of the shares of the particular class, (c) a transaction by which the paid-up capital in respect of the shares of all other classes of its capital stock has been reduced by an amount not less than the amount of the increase in the paid-up capital in respect of the shares of the particular class, (c.1) if the corporation is an insurance corporation, any action by which it converts contributed surplus related to its insurance business (other than any portion of that contributed surplus that arose at a time when it was non-resident, or that arose in connection with a disposition to which subsection 212.1(1.1) applies or an investment, as defined in subsection 212.3(10), to which subsection 212.3(2) applies) into paid-up capital in respect of the shares of its capital stock, (c.2) if the corporation is a bank, any action by which it converts any of its contributed surplus that arose on the issuance of shares of its capital stock (other than any portion of that contributed surplus that arose at a time when it was non-resident, or that arose in connection with a disposition to which subsection 212.1(1.1) applies or an investment, as defined in subsection 212.3(10), to which subsection 212.3(2) applies) into paid-up capital in respect of shares of its capital stock, or (c.3) if the corporation is neither an insurance corporation nor a bank, any action by which it converts into paid-up capital in respect of a class of shares of its capital stock any of its contributed surplus that arose after March 31, 1977 (other than any portion of that contributed surplus that arose at a time when it was non-resident, or that arose in connection with a disposition to which subsection 212.1(1.1) applies or an investment, as defined in subsection 212.3(10), to which subsection 212.3(2) applies) (i) on the issuance of shares of that class or shares of another class for which the shares of that class were substituted (other than an issuance to which section 51, 66.3, 84.1, 85, 85.1, 86 or 87 or subsection 192(4.1) or 194(4.1) applied), (ii) on the acquisition of property by the corporation from a person who at the time of the acquisition held any of the issued shares of that class or shares of another class for which shares of that class were substituted for no consideration or for consideration that did not include shares of the capital stock of the corporation, or (iii) as a result of any action by which the paid-up capital in respect of that class of shares or in respect of shares of another class for which shares of that class were substituted was reduced by the corporation, to the extent of the reduction in paid-up capital that resulted from the action, the corporation shall be deemed to have paid at that time a dividend on the issued shares of the particular class equal to the amount, if any, by which the amount of the increase in the paid-up capital exceeds the total of (d) the amount, if any, of the increase referred to in subparagraph 84(1)(b)(i) or the decrease referred to in subparagraph 84(1)(b)(ii), as the case may be, (e) the amount, if any, of the reduction referred to in paragraph 84(1)(c), and (f) the amount, if any, of the increase in the paid-up capital that resulted from a conversion referred to in paragraph 84(1)(c.1), (c.2) or (c.3), and a dividend shall be deemed to have been received at that time by each person who held any of the issued shares of the particular class immediately after that time equal to that proportion of the dividend so deemed to have been paid by the corporation that the number of the shares of the particular class held by the person SUBDIVISION H Corporations Resident in Canada and their Shareholders immediately after that time is of the number of the issued shares of that class outstanding immediately after that time.
Un assureur peut déduire, dans le calcul de son revenu pour une année d’imposition, la somme incluse en application de l’alinéa 12(1)e.1) dans le calcul de son revenu pour l’année d’imposition précédente. Paiement contre obligations futures
Where funds or property of a corporation resident in Canada have at any time after March 31, 1977 been distributed or otherwise appropriated in any manner whatever to or for the benefit of the shareholders of any class of shares in its capital stock, on the winding-up, discontinuance or reorganization of its business, the corporation shall be deemed to have paid at that time a dividend on the shares of that class equal to the amount, if any, by which (a) the amount or value of the funds or property distributed or appropriated, as the case may be, (b) the amount, if any, by which the paid-up capital in respect of the shares of that class is reduced on the distribution or appropriation, as the case may be, and a dividend shall be deemed to have been received at that time by each person who held any of the issued shares of that class at that time equal to that proportion of the amount of the excess that the number of the shares of that class held by the person immediately before that time is of the number of the issued shares of that class outstanding immediately before that time.
Lorsqu’un montant au titre d’un engagement auquel l’alinéa 12(1)a) s’applique est inclus, dans le calcul du revenu d’un contribuable pour une année d’imposition, et que le contribuable a payé une somme raisonnable à une autre personne, au cours d’une année d’imposition donnée, en contrepartie de la prise en charge par l’autre personne des obligations du contribuable dans le cadre de l’engagement, les règles suivantes s’appliquent si le contribuable et l’autre personne font conjointement le choix : a) le paiement peut être déduit dans le calcul du revenu du contribuable pour l’année donnée, mais aucun montant n’est déductible au titre de l’engagement en application des alinéas 20(1)m) ou m.1) dans le calcul de son revenu pour cette année ou pour une année d’imposition ultérieure; b) lorsque l’autre personne reçoit le montant dans le cadre d’une entreprise, le montant est réputé être une somme visée à l’alinéa 12(1)a). Exercice du choix
Where at any time after December 31, 1977 a corporation resident in Canada has redeemed, acquired or cancelled in any manner whatever (otherwise than by way of a transaction described in subsection 84(2)) any of the shares of any class of its capital stock, (a) the corporation shall be deemed to have paid at that time a dividend on a separate class of shares comprising the shares so redeemed, acquired or cancelled equal to the amount, if any, by which the amount paid by the corporation on the redemption, acquisition or cancellation, as the case may be, of those shares exceeds the paid-up capital in respect of those shares immediately before that time; and (b) a dividend shall be deemed to have been received at that time by each person who held any of the shares of that separate class at that time equal to that portion of the amount of the excess determined under paragraph 84(3)(a) that the number of those shares held by the person immediately before that time is of the total number of shares of that separate class that the corporation has redeemed, acquired or cancelled, at that time. Reduction of paid-up capital
Le choix prévu au paragraphe (24) est fait par avis écrit au ministre au plus tard à la date où l’un ou l’autre du débiteur ou du créancier est tenu de produire, au plus tard, la déclaration de revenu exigée relativement à l’article 150 pour l’année d’imposition au cours de laquelle le paiement auquel le choix a été fait.
Where at any time after March 31, 1977 a corporation resident in Canada has reduced the paid-up capital in respect of any class of shares of its capital stock otherwise than by way of a redemption, acquisition or cancellation of any shares of that class or a transaction described in subsection 84(2) or (4.1), (a) the corporation shall be deemed to have paid at that time a dividend on shares of that class equal to the amount, if any, by which the amount paid by it on the reduction of the paid-up capital, exceeds the amount by which the paid-up capital in respect of that class of shares of the corporation has been so reduced; and (b) a dividend shall be deemed to have been received at that time by each person who held any of the issued shares of that class equal to that proportion of the amount of the excess referred to in paragraph 84(4)(a) that the number of the shares of that class held by the person immediately before that time is of the number of the issued shares of that class outstanding immediately before that time. Deemed dividend on reduction of paid-up capital (4.1) Any amount paid by a public corporation on the reduction of the paid-up capital in respect of any class of shares of its capital stock, otherwise than by way of a redemption, acquisition or cancellation of any shares of that class or by way of a transaction described in subsection (2) or section 86, is deemed to have been paid by the corporation and received by the person to whom it was paid, as a dividend, unless (a) the amount may reasonably be considered to be derived from proceeds of disposition realized by the public corporation, or by a person or partnership in which the public corporation had a direct or indirect interest at the time that the proceeds were realized, from a transaction that occurred (i) outside the ordinary course of the business of the corporation, or of the person or partnership that realized the proceeds, and (ii) within the period that commenced 24 months before the payment; and SUBDIVISION H Corporations Resident in Canada and their Shareholders (b) no amount that may reasonably be considered to be derived from those proceeds was paid by the public corporation on a previous reduction of the paid-up capital in respect of any class of shares of its capital stock. Deemed dividend on term preferred share (4.2) Where, at any time after November 16, 1978, the paid-up capital in respect of a term preferred share owned by a shareholder that is (b) a partnership or trust of which a specified financial institution or a person related to such an institution was a member or a beneficiary, was reduced otherwise than by way of a redemption, acquisition or cancellation of the share or of a transaction described in subsection 84(2) or (4.1), the amount received by the shareholder on the reduction of the paid-up capital in respect of the share shall be deemed to be a dividend received by the shareholder at that time unless the share was not acquired in the ordinary course of the business carried on by the shareholder. Deemed dividend on guaranteed share (4.3) Where at any time after 1987 the paid-up capital in respect of a share of the capital stock of a particular corporation owned (a) by a shareholder that is another corporation to which subsection 112(2.2) or (2.4) would, if the particular corporation were a taxable Canadian corporation, apply to deny the deduction under subsection 112(1) or (2) or 138(6) of a dividend received on the share, or (b) by a partnership or trust of which the other corporation is a member or beneficiary, as the case may be, was reduced otherwise than by way of a redemption, acquisition or cancellation of the share or of a transaction described in subsection 84(2) or (4.1), the amount received by the shareholder on the reduction of the paid-up capital in respect of the share shall be deemed to be a dividend received by the shareholder at that time. Amount distributed or paid where a share (a) the amount of property distributed by a corporation or otherwise appropriated to or for the benefit of its shareholders as described in paragraph 84(2)(a), or SUBDIVISION H Corporations Resident in Canada and their Shareholders (b) the amount paid by a corporation as described in paragraph 84(3)(a) or (4)(a), includes a share of the capital stock of the corporation, for the purposes of subsections 84(2) to (4) the following rules apply: (c) in computing the amount referred to in paragraph 84(5)(a) at any time, the share shall be valued at an amount equal to its paid-up capital at that time, and (d) in computing the amount referred to in paragraph 84(5)(b) at any time, the share shall be valued at an amount equal to the amount by which the paid-up capital in respect of the class of shares to which it belongs has increased by virtue of its issue.
[Abrogé, 2013, ch. 34, art. 180] Prêts acquis dans le cours normal des activités de l’entreprise
Subsection 84(2) or (3), as the case may be, is not applicable (a) in respect of any transaction or event, to the extent that subsection 84(1) is applicable in respect of that transaction or event; and (b) in respect of any purchase by a corporation of any of its shares in the open market, if the corporation acquired those shares in the manner in which shares would normally be purchased by any member of the public in the open market.
Dans le cadre du calcul du montant à déduire en application de l’alinéa (1)l), l.l) ou p) du revenu d’un Application of ss. 13(21) and 138(12) Deduction before available for use exceeds Idem contribuable — qui est assureur ou dont l’activité d’entreprise habituelle consiste en partie à prêter de l’argent — pour une année d’imposition, un prêt, un titre de crédit ou un effet ou engagement visé à l’alinéa (1.1) et que le contribuable acquiert auprès d’une personne avec laquelle il a un lien de dépendance, pour un montant égal à sa juste valeur marchande, est réputé acquis par le contribuable dans le cours normal des activités de son entreprise d’assurance ou de prêt d’argent si : a) d’une part, la personne auprès de qui le prêt, le titre de crédit ou l’effet ou l’engagement a été acquis exploite une entreprise d’assurance ou de prêt d’argent; b) d’autre part, le prêt ou le titre de crédit a été consenti ou acquis, ou l’effet ou l’engagement a été émis, consenti ou assumé, par la personne dans le cours normal des activités de son entreprise d’assurance ou de prêt d’argent. Application des par. 13(21) et 138(12) (27.1) Les définitions figurant aux paragraphes 13(21) et 138(12) s’appliquent au présent article. Déduction relative à un bâtiment
A dividend that is deemed by this section or section 84.1, 128.1 or 212.1 to have been paid at a particular time is deemed, for the purposes of this Subdivision and sections 131 and 133, to have become payable at that time.
Est déductible dans le calcul du revenu du contribuable tiré d’une entreprise ou d’un bien pour une année d’imposition se terminant avant le moment où tout ou partie d’un bâtiment acquis par le contribuable après 1989 est devenu prêt à être mis en service par lui, l’excédent du moins élevé des montants visés aux alinéas a) et b) sur le montant visé à l’alinéa c) : a) le montant qui serait déductible au titre du bâtiment en application de l’alinéa 1(1)a) pour l’année si le paragraphe 13(26) ne s’appliquait pas; b) le revenu que le contribuable tire pour l’année de la location du bâtiment, calculé sans le présent paragraphe et avant la déduction d’un montant au titre du bâtiment en application de l’alinéa (1)a); c) le montant déductible au titre du bâtiment en application de l’alinéa (1)a) pour l’année, calculé sans le présent paragraphe. Le montant ainsi déduit est réputé être par le contribuable en application de l’alinéa (1)a) dans le calcul de son revenu pour l’année. Idem
Subsection 84(3) does not apply to deem a dividend to have been received by a shareholder of a public corporation where the shareholder is an individual resident in Canada who deals at arm’s length with the corporation and the shares redeemed, acquired or cancelled are prescribed shares of the capital stock of the corporation. Shares disposed of on redemptions, etc.
Lorsque, par l’effet du paragraphe 18(3.1), aucune déduction ne pourrait être faite par un contribuable, sans le présent paragraphe, à l’égard de dépenses afférentes à tout ou partie d’un bâtiment, mais que ces dépenses Specified reserve adjustment
For greater certainty it is declared that where a shareholder of a corporation has disposed of a share of the capital stock of the corporation as a result of the redemption, acquisition or cancellation of the share by the corporation, the shareholder shall, for the purposes of this Act, be deemed to have disposed of the share to the corporation. Reduction of contributed surplus
where [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 20; 1991, c. 49, s. 6; 1994, c. 7, s. 5, Sch. VIII, s. 19; 1997, c. 25, s. 12; 1995, c. 3, s. 2; 2011, c. 15, s. 45; 1999, c. 22, s. 6; 1998, c. 19, s. 84; 1999, c. 22, s. 7; 2000, c. 19, s. 6; 2001, c. 17, s. 3; 2002, c. 8, s. 3; 2006, c. 4, s. 9; 2006, c. 9, s. 7; 2010, c. 25, s. 7; 2012, c. 31, s. 23; 2013, c. 33, s. 35; c. 57, s. 97; 1980, c. 40, s. 11; 2014, c. 20, s. 366(5); 2016, c. 12, s. 7; 2017, c. 33, s. 64; c. 33, s. 64; 2019, c. 8, s. 23; 2023, c. 26, s. 8; 2024, c. 16, s. 9. PHSP premiums (a) in the year or in the preceding taxation year seraient déductibles, sans le paragraphe 18(3.1) et le présent paragraphe, dans le calcul du revenu du contribuable pour une année d’imposition, le moins élevé des montants suivants est déductible dans ce calcul pour l’année au titre de telles dépenses : a) le total de telles dépenses; b) le revenu que le contribuable tire pour l’année de la location de tout ou partie du bâtiment, calculé sans le paragraphe (28) et le présent paragraphe. Montant de redressement déterminé
For the purpose of paragraph 84(1)(c.3), there shall be deducted in determining at any time a corporation’s contributed surplus that arose after March 31, 1977 in any manner described in that paragraph the lesser of (a) the amount, if any, by which the amount of a dividend paid by the corporation at or before that time and after March 31, 1977 and when it was a public corporation exceeded its retained earnings immediately before the payment of the dividend, and (b) the amount of its contributed surplus immediately before the payment of the dividend referred to in paragraph 84(10)(a) that arose after March 31, 1977.
Pour l’application de l’élément N de la formule figurant à la subdivision (1)(ii)(D)(II), le montant de redressement déterminé pour un prêt d’un contribuable pour une année d’imposition correspond au résultat du calcul suivant : 0,1(A × B × C/365) où : A représente la valeur comptable du prêt douteux qui entre ou entrerait dans le calcul du revenu d’intérêts sur le prêt pour l’année, déterminé en conformité avec les principes comptables généralement reconnus; B le taux d’intérêt réel sur le prêt pour l’année, déterminé en conformité avec les principes comptables généralement reconnus; C le nombre de jours de l’année où le prêt est douteux. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent texte codifié; voir les lois et règlements modificatifs pertinents.] L.R. (1985), ch. 1 (5e suppl.), art. 20; 1991, ch. 49, art. 6; 1994, ch. 7, art. 5, ann. VIII, art. 19; 1997, ch. 25, art. 12; 1995, ch. 3, art. 2; 2011, ch. 15, art. 45; 1999, ch. 22, art. 6; 1998, ch. 19, art. 84; 1999, ch. 22, art. 7; 2000, ch. 19, art. 6; 2001, ch. 17, art. 3; 2002, ch. 8, art. 3; 2006, ch. 4, art. 9; 2006, ch. 9, art. 7; 2010, ch. 25, art. 7; 2012, ch. 31, art. 23; 2013, ch. 33, art. 35; ch. 57, art. 97; 1980, ch. 40, art. 11; 2014, ch. 20, art. 366(5); 2016, ch. 12, art. 7; 2017, ch. 33, art. 64; ch. 33, art. 64; 2019, ch. 8, art. 23; 2023, ch. 26, art. 8; 2024, ch. 16, art. 9. Primes versées à un régime privé d’assurance-maladie
For the purpose of subparagraph 84(1)(c.3)(ii), where the property acquired by the corporation (in this subsection referred to as the “acquiring corporation”) consists of shares (in this subsection referred to as the “subject shares”) of any class of the capital stock of another corporation resident in Canada (in this subsection referred to as the “subject corporation”) and, immediately after the acquisition of the subject shares, the subject corporation would be connected (within the meaning that would be assigned by subsection 186(4) if the references in that subsection to “payer corporation” and “particular corporation” were read as “subject corporation” and “acquiring corporation”, respectively) with the acquiring corporation, the contributed surplus of the acquiring corporation that arose on the acquisition of the subject shares shall be deemed to be the lesser of (a) the amount added to the contributed surplus of the acquiring corporation on the acquisition of the subject shares, and (b) the amount, if any, by which the paid-up capital in respect of the subject shares at the time of the acquisition exceeded the fair market value of any consideration given by the acquiring corporation for the subject shares.
a) au cours de l’année ou de l’année d’imposition précédente, l’un ou l’autre des faits suivants se vérifie : Income Tax PART I Income Tax DIVISION B Computation of Income
corporation (in this section referred to as the "purchaser corporation") with which the taxpayer does not deal at arm's length and, immediately after the disposition, the subject corporation would be connected (within the meaning assigned by subsection 186(4) if the references therein to "payer corporation" and to "particular corporation" were read as "subject corporation" and "purchaser corporation" respectively) with the purchaser corporation, (a) where shares (in this section referred to as the "new shares") of the purchaser corporation have been issued as consideration for the subject shares, in computing the paid-up capital, at any particular time after the issue of the new shares, in respect of any particular class of shares of the capital stock of the purchaser corporation, there shall be deducted an amount determined by the formula A is the increase, if any, determined without reference to this section as it applies to the acquisition of the subject shares, in the paid-up capital in respect of all shares of the capital stock of the purchaser corporation as a result of the issue of the new shares, B is the amount, if any, by which the greater of (i) the paid-up capital, immediately before the disposition, in respect of the subject shares, and (ii) subject to paragraphs 84.1(2)(a) and 84.1(2)(a.1), the adjusted cost base to the taxpayer, immediately before the disposition, of the subject shares, exceeds the fair market value, immediately after the disposition, of any consideration (other than the new shares) received by the taxpayer from the purchaser corporation for the subject shares, and C is the increase, if any, determined without reference to this section as it applies to the acquisition of the subject shares, in the paid-up capital in respect of the particular class of shares as a result of the issue of the new shares; and (b) for the purposes of this Act, a dividend shall be deemed to be paid to the taxpayer by the purchaser corporation and received by the taxpayer from the purchaser corporation at the time of the disposition in an amount determined by the formula is the increase, if any, determined without reference to this section as it applies to the acquisition of the subject shares, in the paid-up capital in respect of all shares of the capital stock of the purchaser corporation as a result of the issue of the new shares, is the fair market value, immediately after the disposition, of any consideration (other than the new shares) received by the taxpayer from the purchaser corporation for the subject shares, is the greater of (i) the paid-up capital, immediately before the disposition, in respect of the subject shares, and (ii) subject to paragraphs 84.1(2)(a) and 84.1(2)(a.1), the adjusted cost base to the taxpayer, immediately before the disposition, of the subject shares, and is the total of all amounts each of which is an amount required to be deducted by the purchaser corporation under paragraph 84.1(1)(a) in computing the paid-up capital in respect of any class of shares of its capital stock by virtue of the acquisition of the subject shares.
Limit Impôt sur le revenu
For the purposes of this section, (a) where a share disposed of by a taxpayer was acquired by the taxpayer before 1972, the adjusted cost base to the taxpayer of the share at any time shall be deemed to be the total of (i) the amount that would be its adjusted cost base to the taxpayer if the Income Tax Application Rules were read without reference to subsections 26(3) and (7) of that Act, and (ii) the total of all amounts each of which is an amount received by the taxpayer after 1971 and before that time as a dividend on the share and in respect of which the corporation that paid the dividend has made an election under subsection 83(1); (a.1) where a share disposed of by a taxpayer was acquired by the taxpayer after 1971 from a person with whom the taxpayer was not dealing at arm’s length, was a share substituted for a share owned by the taxpayer at the end of 1971, the adjusted cost base to the taxpayer of the share at any time shall be deemed to be the amount, if any, by which its adjusted cost base to the taxpayer, otherwise determined, exceeds the total of (i) where the share or a share for which the share was substituted was owned at the end of 1971 by the taxpayer or a person with whom the taxpayer did not deal at arm’s length, the amount in respect of that share equal to the amount, if any, by which (A) the fair market value of the share or the share for which it was substituted, as the case may be, on valuation day (within the meaning assigned by section 24 of the Income Tax Application Rules) exceeds the total of (B) the actual cost (within the meaning assigned by subsection 26(13) of that Act) of the share or the share for which it was substituted, as the case may be, on January 1, 1972, to the taxpayer or the person with whom the taxpayer did not deal at arm’s length, and (C) the total of all amounts each of which is an amount received by the taxpayer or the person with whom the taxpayer did not deal at arm’s length after 1971 and before that time as a dividend in respect of the share or the share for which it was substituted and in respect of which the corporation that paid the dividend has made an election under subsection 83(1), and (ii) the total of all amounts each of which is an amount determined after 1984 under subparagraph 40(1)(a)(ii) in respect of a previous disposition of the share or a share for which the share was substituted (or such lesser amount as is established by the taxpayer to be the amount in respect of which a deduction under section 110.6 was claimed) by the taxpayer or an individual with whom the taxpayer did not deal at arm’s length; (b) in respect of any disposition described in subsection 84.1(1) by a taxpayer of shares of the capital stock of a subject corporation to a purchaser corporation, the taxpayer shall, for greater certainty, be deemed not to deal at arm’s length with the purchaser corporation if the taxpayer (i) was, immediately before the disposition, one of a group of fewer than 6 persons that controlled the subject corporation, and (ii) was, immediately after the disposition, one of a group of fewer than 6 persons that controlled the purchaser corporation, each member of which was a member of the group referred to in subparagraph 84.1(2)(b)(ii); (e) notwithstanding any other paragraph in this subsection, if this paragraph applies because of subsection (2.31) or (2.32) to a disposition of subject shares by a taxpayer to a purchaser corporation, the taxpayer and the purchaser corporation are deemed to deal with each other at arm’s length at the time of the disposition of the subject shares. (a) where at any time a corporation issues a share of its capital stock to a taxpayer, the taxpayer and the corporation are deemed not to be dealing with each other at arm’s length at that time; (b) where a taxpayer is deemed by paragraph 110.6(19)(a) to have reacquired a share, the taxpayer is deemed to have acquired the share at the beginning of February 23, 1994 from a person with whom the taxpayer was not dealing at arm’s length; and (c) where a share owned by a particular person, or a share substituted for that share, has by one or more transactions or events between persons not dealing at arm’s length become vested in another person, the particular person and the other person are deemed at all times not to be dealing at arm’s length with each other whether or not the particular person and the other person coexisted. (2.1) For the purposes of subparagraph 84.1(2)(a.1)(ii), where the taxpayer or an individual with whom the taxpayer did not deal at arm’s length (in this subsection referred to as the “transferor”) disposes of a share in a taxation year and claims an amount under subparagraph 40(1)(a)(iii) in computing the gain for the year from the disposition, the amount in respect of which a deduction under section 110.6 was claimed in respect of the transferor’s gain from the disposition shall be deemed to be equal to the lesser of the following amounts: (i) the amount claimed under subparagraph 40(1)(a)(iii) by the transferor for the year in respect of the disposition, and (ii) twice the amount deducted under section 110.6 in computing the taxable income of the transferor for the year in respect of the taxable capital gain from the disposition, and (b) twice the maximum amount that could have been deducted under section 110.6 in computing the taxable income of the transferor for the year in respect of the taxable capital gain from the disposition if (i) no amount had been claimed by the transferor under subparagraph 40(1)(a)(iii) in computing the gain for the year from the disposition, and (ii) all amounts deducted under section 110.6 in computing the taxable income of the transferor for the year in respect of taxable capital gains from dispositions of property to which this subsection does not apply were deducted before determining the maximum amount that could have been deducted under section 110.6 in respect of the taxable capital gain from the disposition, and for the purposes of subparagraph 84.1(2.1)(b)(ii), 1/2 of the total of all amounts determined under this subsection for the year in respect of other property disposed of before the disposition of the share shall be deemed to have been deducted under section 110.6 in computing the taxable income of the transferor for the year in respect of the taxable capital gain from the disposition of property to which this subsection does not apply, and, for the purposes of this subsection, where more than one share to which this subsection applies is disposed of in the year, each such share shall be deemed to have been separately disposed of in the order designated by the taxpayer in the taxpayer’s return of income under this Part for the year. (a) in determining whether or not a taxpayer referred to in that paragraph was a member of a group of fewer than 6 persons that controlled a corporation at any time, any shares of the capital stock of that corporation owned at that time by (i) the taxpayer’s child (as defined in subsection 70(10)), who is under 18 years of age, or the taxpayer’s spouse or common-law partner, (ii) a trust of which the taxpayer, a person described in subparagraph 84.1(2.2)(a)(i) or a corporation described in subparagraph 84.1(2.2)(a)(iii), is a beneficiary, or (iii) a corporation controlled by the taxpayer, by a person described in subparagraph 84.1(2.2)(a)(i) or 84.1(2.2)(a)(ii) or by any combination of those persons or trusts are deemed to be owned at that time by the taxpayer and not by the person who actually owned the shares at that time; (b) a group of persons in respect of a corporation means any 2 or more persons each of whom owns shares of the capital stock of the corporation; (c) a corporation that is controlled by one or more members of a particular group of persons is respected as that corporation is considered to be controlled by that group of persons; and (d) a corporation may be controlled by a person or a particular group of persons even though the corporation is also controlled or deemed to be controlled by another person or group of persons. (2.3) For the purposes of this subsection and subsections (2.31) and (2.32), (a) a child of a taxpayer has the same meaning as in subsection 70(10) and also includes (iii) a spouse or common-law partner of a niece or nephew referred to in subparagraph (i) or (ii), and (b) in applying subparagraphs (2.31)(c)(iii) and (2.32)(c)(iii), if the relevant group entity is a partnership, (i) the partnership is deemed to be a corporation (in this paragraph referred to as the “deemed corporation”), (ii) the deemed corporation is deemed to have a capital stock of a single class of shares, with a total of 100 issued and outstanding shares, (iii) each member (in this paragraph referred to as a "deemed shareholder") of the partnership is deemed to be a shareholder of the deemed corporation, (iv) each deemed shareholder of the deemed corporation is deemed to hold a number of shares in the capital stock of the deemed corporation determined by the formula A is equal to (B) if the deemed shareholder does not have a specified proportion described in clause (A), the proportion that is the fair market value of the deemed shareholder’s interest in the deemed corporation at that time relative to the fair market value of all interests in the deemed corporation at that time, and (v) the deemed corporation’s fiscal period is deemed to be its taxation year; (c) own, directly or indirectly, in respect of a property, means (i) direct ownership of the property, and (ii) an ownership interest or, for civil law, a right in the shares of a corporation, an interest in a partnership or an interest in a trust that has a direct or indirect interest or, for civil law, a right, in the property, except that for the purposes of paragraphs (2.31)(d) and (e) and (2.32)(d) and (e), this subparagraph does not apply as a look-through rule for an interest, or for civil law, a right in non-voting preferred shares or debt of (A) the purchaser corporation (within the meaning of subsections (2.31) and (2.32)), (B) the subject corporation (within the meaning of subsections (2.31) and (2.32)), or (C) any relevant group entity (within the meaning of subsections (2.31) and (2.32)); (d) if a person or partnership’s share of the accumulating income or capital of a trust in respect of which the person or partnership has an interest as a SUBDIVISION H Corporations Resident in Canada and their Shareholders beneficiary depends on the exercise by a person (in this paragraph referred to as a “trustee”) of, or the failure by any trustee to exercise, a discretionary power, that trustee is deemed to have fully exercised the power, or to have failed to exercise the power, as the case may be; (e) if one or more children referred to in (i) subparagraph (2.31)(f)(i) have disposed of, or caused the disposition of, all of the shares in the capital stock of the purchaser corporation, the subject corporation or all relevant group entities to an arm’s length person or group of persons, the conditions set out in paragraphs (2.31)(f) and (g) are deemed to be met as of the time of the disposition, provided that all equity interests in all relevant businesses owned, directly or indirectly, by each child referred to in subparagraph (2.31)(f)(i) are included in the disposition, or (ii) subparagraph (2.32)(g)(i) have disposed of, or caused the disposition of, all of the shares in the capital stock of the purchaser corporation, the subject corporation or all relevant group entities to an arm’s length person or group of persons, the conditions set out in paragraphs (2.32)(g) and (h) are deemed to be met as of the time of the disposition, provided that all equity interests in all relevant businesses owned, directly or indirectly, by each child referred to in subparagraph (2.32)(g)(i) are included in the disposition; and (f) if one or more children referred to in (i) subparagraph (2.31)(f)(i) have disposed of, or caused the disposition of, any of the shares in the capital stock of the purchaser corporation, the subject corporation or a relevant group entity to another child or group of children of the taxpayer (in this paragraph referred to as the “new child” or the “new children”), the conditions set out in paragraphs (2.31)(f) and (g) are deemed (A) to be met as of the time of the disposition, and (B) to continue to apply to the new child (or the new children) and any other member of the group of children that controls the subject corporation and the purchaser corporation at the time of the disposition, or (ii) subparagraph (2.32)(g)(i) have disposed of, or caused the disposition of, any of the shares in the capital stock of the purchaser corporation, the subject corporation, or a relevant group entity to another child or group of children of the taxpayer (in this paragraph referred to as the “new child” or the “new children”), the conditions set out in paragraphs (2.32)(g) and (h) are deemed (A) to be met as of the time of the disposition, and (B) to continue to apply to the new child (or the new children) and any other member of the group of children that controls the subject corporation and the purchaser corporation at the time of the disposition; (g) if a child, or each of the children, referred to in (i) subparagraph (2.31)(f)(ii) has died or has, after the disposition of the subject shares, suffered one or more severe and prolonged impairments in physical or mental functions, the conditions set out in paragraphs (2.31)(f) and (g) are deemed to be met as of the time of the death or mental or physical impairment, or (ii) subparagraph (2.32)(g)(ii) has died or has, after the disposition of the subject shares, suffered one or more severe and prolonged impairments in physical or mental functions, the conditions set out in paragraphs (2.32)(g) and (h) are deemed to be met as of the time of the death or mental or physical impairment; (h) if a business of a subject corporation or a relevant group entity has ceased to be carried on due to the disposition of all of the assets that were used to carry on the business in order to satisfy debts owed to creditors of the corporation or of the entity, the conditions set out in respect of the business in subparagraphs (2.31)(f)(ii) and (iii) and (2.31)(g)(i) or (2.32)(g)(ii) and (iii) and (2.32)(h)(i), as applicable, are deemed to be met as of the time of the disposition; and (i) in applying paragraphs (2.31)(g) and (2.32)(h), management refers to the direction or supervision of business activities but does not include the provision of advice. Immediate intergenerational business transfer (2.31) Paragraph (2)(e) applies at the time of a disposition of subject shares (in this subsection referred to as the “disposition time”) by a taxpayer to a purchaser corporation if the following conditions are met: (a) the taxpayer has not previously, at any time after 2023, sought an exception to the application of subsection (1) under paragraph (2)(e) in respect of a disposition of shares that, at that time, derived their value from an active business that is relevant to the determination of whether the subject shares satisfy the condition set out in subparagraph (b)(iii); (b) at the disposition time, (i) the taxpayer is an individual (other than a trust), (ii) the purchaser corporation is controlled by one or more children (within the meaning of paragraph (2.3)(a), in this subsection referred to as the “child” or “children”) of the taxpayer, each of whom is 18 years of age or older, and (iii) the subject shares are qualified small business corporation shares or shares of the capital stock of a family farm or fishing corporation (as those terms are defined in subsection 110.6(1)); (c) at all times after the disposition time, the taxpayer does not — either alone or together with a spouse or common-law partner of the taxpayer — control, directly or indirectly in any manner whatever, (i) the subject corporation, (ii) the purchaser corporation, or (iii) any other person or partnership (in this subsection referred to as a “relevant group entity”) that carries on, at the disposition time, an active business (referred to in this subsection as a “relevant business”) that is relevant to the determination of whether the subject shares satisfy the condition set out in subparagraph (b)(iii); (d) at all times after the disposition time, the taxpayer does not — either alone or together with a spouse or common law partner of the taxpayer — own, directly or indirectly, (i) 50% or more of any class of shares, other than shares of a specified class as defined in subsection 256.1(1) (in this subsection referred to as “non-voting preferred shares”), of the capital stock of the subject corporation or of the purchaser corporation, or (ii) 50% or more of any class of equity interest (other than non-voting preferred shares) in any relevant group entity; (e) within 36 months after the disposition time and at all times thereafter, the taxpayer and a spouse or common-law partner of the taxpayer do not own, directly or indirectly, (i) any shares, other than non-voting preferred shares of the capital stock of the subject corporation or of the purchaser corporation, or (ii) any equity interest (other than non-voting preferred shares) in any relevant group entity; (f) subject to subsection (2.3), from the disposition time until 36 months after that time, (i) the child or group of children, as the case may be, controls the purchaser corporation, (ii) the child, or at least one member of the group of children, as the case may be, is actively engaged on a regular, continuous and substantial basis (within the meaning of paragraph 120.4(1.1)(a)) in a relevant business of the subject corporation or a relevant group entity, and (iii) each relevant business of the subject corporation and any relevant group entity is carried on as an active business; (g) subject to subsection (2.3), within 36 months after the disposition time or such greater period as is reasonable in the circumstances, the taxpayer and a spouse or common-law partner of the taxpayer take reasonable steps to (i) transfer management of each relevant business of the subject corporation and any relevant group entity to the child or at least one member of the group of children referred to in subparagraph (f)(ii), and (ii) permanently cease to manage each relevant business of the subject corporation and any relevant group entity; and (h) the taxpayer and the child, or the taxpayer and each member of the group of children, as the case may be, (i) jointly elect, in prescribed form, for paragraph (2)(e) to apply in respect of the disposition of the subject shares, and (ii) file the election with the Minister on or before the taxpayer’s filing-due date for the taxation year that includes the disposition time. SUBDIVISION H Corporations Resident in Canada and their Shareholders Gradual intergenerational business transfer (2.32) Paragraph (2)(e) applies at the time of a disposition of subject shares (referred to in this subsection as the “disposition time”) by a taxpayer to a purchaser corporation if the following conditions are met: (a) the taxpayer has not previously, at any time after 2023, sought an exception to the application of subsection (1) pursuant to paragraph (2)(e) in respect of a disposition of shares that, at that time, derived their value from an active business that is relevant to the determination of whether the subject shares satisfy the condition set out in subparagraph (b)(iii); (b) at the disposition time, (i) the taxpayer is an individual (other than a trust), (ii) the purchaser corporation is controlled by one or more children (within the meaning of paragraph (2.3)(a), and referred to in this subsection as the “child” or “children”) of the taxpayer, each of whom is 18 years of age or older, and (iii) the subject shares are qualified small business corporation shares or shares of the capital stock of a family farm or fishing corporation (as those terms are defined in subsection 110.6(1)); (c) at all times after the disposition time, the taxpayer does not — either alone or together with a spouse or common-law partner of the taxpayer — control (i) the subject corporation, (ii) the purchaser corporation, or (iii) any person or partnership (referred to in this subsection as a “relevant group entity”) that carries on, at the disposition time, an active business (referred to in this subsection as a “relevant business”) that is relevant to the determination of whether the subject shares satisfy the condition in subparagraph (b)(iii); (d) at all times after the disposition time, the taxpayer does not — either alone or together with a spouse or SUBDIVISION H Corporations Resident in Canada and their Shareholders common-law partner of the taxpayer — own, directly or indirectly, (i) 50% or more of any class of shares, other than shares of a specified class as defined in subsection 256.1(1) (in this subsection referred to as “non-voting preferred shares”), of the capital stock of the subject corporation or of the purchaser corporation, or (ii) 50% or more of any class of equity interest (other than non-voting preferred shares) in any relevant group entity; (e) within 36 months after the disposition time and at all times thereafter, the taxpayer and a spouse or common-law partner of the taxpayer do not own, directly or indirectly, (i) any shares, other than non-voting preferred shares of the capital stock of the subject corporation or of the purchaser corporation, or (ii) any equity interest (other than non-voting preferred shares) in any relevant group entity; (f) within 10 years after the disposition time (referred to in this subsection as the “final sale time”) and at all times after the final sale time, the taxpayer and a spouse or common-law partner of the taxpayer do not own, directly or indirectly, (i) in the case of a disposition of subject shares that are, at the disposition time, shares of the capital stock of a family farm or fishing corporation (as those terms are defined in subsection 110.6(1)), interests (including any debt or equity interest) in any of the subject corporation, the purchaser corporation, and any relevant group entity with a fair market value that exceeds 50% of the fair market value of all the interests that were owned, directly or indirectly, by the taxpayer and a spouse or common-law partner of the taxpayer immediately before the disposition time, or (ii) in the case of a disposition of subject shares that are, at the disposition time, qualified small business corporation shares as those terms are defined in subsection 110.6(1) (other than subject shares described in subparagraph (i)), interests (including any debt or equity interest) in any of the subject corporation, the purchaser corporation and any relevant group entity with a fair market value that exceeds 30% of the fair market value of all the interests that were owned, directly or indirectly, by the taxpayer and a spouse or common-law partner of the taxpayer immediately before the disposition time; (g) subject to subsection (2.3), from the disposition time until the later of 60 months after the disposition time and the final sale time, (i) the child or group of children, as the case may be, controls the purchaser corporation, (ii) the child, or at least one member of the group of children, as the case may be, is actively engaged on a regular, continuous and substantial basis (within the meaning of paragraph 120.4(1.1)(a)) in a relevant business of the subject corporation or a relevant group entity, and (iii) any relevant business of the subject corporation and any relevant group entity is carried on as an active business; (h) subject to subsection (2.3), within 60 months of the disposition time or such greater period as is reasonable in the circumstances, the taxpayer and a spouse or common-law partner of the taxpayer take reasonable steps to (i) transfer management of each relevant business of the subject corporation and any relevant group entity to the child or at least one member of the group of children referred to in subparagraph (g)(ii), and (ii) permanently cease to manage each relevant business of the subject corporation and any relevant group entity; and (i) the taxpayer and the child, or the taxpayer and each member of the group of children, as the case may be, (i) jointly elect, in prescribed form, for paragraph (2)(e) to apply in respect of the disposition of the subject shares, and (ii) file the election with the Minister on or before the taxpayer’s filing-due date for the taxation year that includes the disposition time. Addition to paid-up capital
In computing the paid-up capital at any time after May 22, 1985 in respect of any class of shares of the capital stock of a corporation, there shall be added an amount equal to the lesser of (a) the amount, if any, by which (i) the total of all amounts each of which is an amount deemed by subsection 84(3), 84(4) or 84.4(1) to be a dividend on shares of the class paid after May 22, 1985 and before that time by the corporation (ii) the total of such dividends that would be determined under subparagraph 84.1(3)(a)(i) if this Act were read without reference to paragraph 84.1(1)(a), and (b) the total of all amounts required by paragraph 84.1(1)(a) to be deducted in computing the paid-up capital in respect of that class of shares after May 22, 1985 and before that time. Computation of paid-up capital in respect of particular class of shares
(a) there shall be deducted that proportion of the amount, if any, by which the paid-up capital in respect of all of the issued shares of the capital stock of the corporation on April 1, 1977, determined without reference to this section, exceeds the greater of (i) the amount that the paid-up capital limit of the corporation would have been on March 31, 1977 if paragraph 89(1)(d) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as it read at that date, were read without reference to clause 89(1)(d)(iv.1)(F) of that Act and without reference to all subparagraphs of paragraph 89(1)(d) of that Act except subparagraphs 89(1)(d)(iv.1) and (vii) of that Act, and (ii) the paid-up capital limit of the corporation on March 31, 1977, that the paid-up capital on April 1, 1977, determined without reference to this section, in respect of the particular class of shares is of the paid-up capital on April 1, 1977, determined without reference to this section, in respect of all of the issued and outstanding shares of the capital stock of the corporation; and (b) there shall be added an amount equal to the lesser of (i) the amount, if any, by which (A) the total of all amounts each of which is an amount deemed by subsection 84(3) or 84(4) to be a dividend on shares of the particular class paid by the corporation after March 31, 1977 and before the particular time (B) the total that would be determined under clause 84.2(1)(b)(i)(A) if this Act were read without reference to paragraph 84.2(1)(a), and (ii) the amount required by paragraph 84.2(1)(a) to be deducted in computing the paid-up capital of shares of the particular class.
In computing, after March 31, 1977, the adjusted cost base to an individual of a debt that was owing to the individual by a corporation on March 31, 1977, there shall be deducted the amount of any dividend that would have been deemed to have been received by the individual on that day if the corporation had paid the debt in full on that day.
(i) le total des montants représentant chacun son revenu tiré d'une telle entreprise pour un exercice se terminant dans l'année dépasse le montant représentant 50 % de son revenu pour l'année, (ii) son revenu pour l'année ne dépasse pas la somme de 10 000 $ et du total visé au sous-alinéa (i) à son égard pour l'année, à supposer que son revenu tiré d'une entreprise soit calculé compte non tenu du présent paragraphe et que son revenu soit calculé compte non tenu du présent paragraphe et de la sous-section E; b) le montant est payable aux termes d'un contrat que le particulier ou la société de personnes a conclu avec l'une des entités suivantes : (i) une personne autorisée par licence ou autrement, en vertu de la législation fédérale ou provinciale, à exploiter au Canada une entreprise d'assurance ou une entreprise consistant à offrir ses services au public en tant que fiduciaire, (ii) une personne ou société de personnes exploitant l'entreprise consistant à offrir ses services au public en tant qu'administrateur de régimes privés d'assurance-maladie, (iii) une personne dont le revenu imposable est exonéré en vertu de l'article 149 et qui est soit une organisation commerciale ou professionnelle dont le particulier est membre, soit un syndicat dont le particulier ou la majorité de ses employés sont membres.
Where, after March 31, 1977 and before 1979, any debt referred to in subsection 84.2(2) owing by a corporation and held by an individual on March 31, 1977 and continuously after that date until conversion, is converted into shares of a particular class of the capital stock of the corporation, (b) in computing the paid-up capital in respect of the shares of the particular class at any particular time after the conversion, (i) there shall be deducted the amount by which the adjusted cost base to the taxpayer of the debt would, but for paragraph 84.2(3)(a), have been reduced by virtue of subsection 84.2(2), and (ii) there shall be added an amount equal to the lesser of (ii) there shall be added an amount equal to the lesser of (A) the amount, if any, by which (I) the total of all amounts deemed by subsection 84(3), 84(4) or 84(4.1) to be a dividend on shares of the particular class paid by the corporation after the conversion and before the particular time, (II) the total that would be determined under subclause 84.2(3)(b)(ii)(A)(I) if this Act were read without reference to subparagraph 84.2(3)(b)(ii), and (B) the amount required by subparagraph 84.2(3)(b)(i) to be deducted in computing the paid-up capital of shares of the particular class. Transfer of property to corporation by shareholders
Pour le calcul du montant qui est déductible en application du paragraphe (1) dans le calcul du revenu d'un particulier pour une année d'imposition tiré d'une entreprise donnée, les règles suivantes s'appliquent : a) un montant n'est pas déductible dans la mesure où, selon le cas : (i) il est déduit en application du présent article dans le calcul du revenu d'un autre particulier pour une année d'imposition, (ii) il entre dans le calcul de la déduction prévue à l'article 118.2 dans le calcul de l'impôt payable par un particulier en vertu de la présente partie pour une année d'imposition; (A/365) × (B + C) where b) lorsqu’un montant payable dans le cadre d’un régime privé d’assurance-maladie se rapporte à une période de l’année tout au long de laquelle les circonstances suivantes existent : i) une ou plusieurs personnes : (A) occupent chacune un emploi à temps plein (mais non à titre temporaire ou saisonnier) dans l’entreprise donnée ou une autre entreprise exploitée par l’une des entités suivantes : (I) le particulier (autrement qu’à titre d’associé d’une société de personnes), (II) une société de personnes dont le particulier est l’associé détenant une participation majoritaire, (III) une société affiliée au particulier, (B) comptent chacune au moins trois mois de service depuis leur dernier embauchage par l’entreprise, (ii) le nombre total de personnes employées dans l’entreprise visée à la division (i)(A), avec lesquelles le particulier n’a aucun lien de dépendance et qui sont couvertes par le régime, compte pour au moins 50 % du nombre total de personnes dont chacune, à la fois : (A) exploite l’entreprise donnée ou occupe un emploi dans une entreprise visée à la division (i)(A), (B) est couverte par le régime, le montant ainsi déductible pour la période ne peut dépasser le coût pour le particulier d’une protection équivalente dans le cadre du régime à l’égard de chaque personne occupant un emploi qui est visée au sous-alinéa (i) pour la période et n’a aucun lien de dépendance avec le particulier; c) sous réserve de l’alinéa d), lorsqu’un montant payable dans le cadre d’un régime privé d’assurance-maladie se rapporte à une période de l’année, sauf la période visée à l’alinéa b), le montant ainsi déductible pour la période ne peut dépasser le montant obtenu par la formule suivante : (A/365) × (B + C) où : A représente le nombre de jours de l’année qui font partie de la période, Equivalent coverage B le produit de la multiplication de 1500 $ par le nombre de personnes dont chacune est couverte par le régime et, selon le cas : (i) est le particulier ou son époux ou conjoint de fait, (ii) habite chez le particulier et atteint l’âge de 18 ans avant le début de la période, C le produit de la multiplication de 750 $ par le nombre de personnes qui habitent chez le particulier et qui, si ce n’était le fait qu’elles n’ont pas atteint l’âge de 18 ans avant le début de la période, seraient prises en compte dans le calcul du produit visé à l’élément B; d) lorsqu’un montant payable dans le cadre d’un régime privé d’assurance-maladie se rapporte à une période de l’année, sauf la période visée à l’alinéa b), et qu’une ou plusieurs personnes avec lesquelles le particulier n’a aucun lien de dépendance sont visées au sous-alinéa b)(ii) relativement à la période, le montant ainsi déductible pour la période ne peut dépasser le moindre du montant visé à l’alinéa c) ou, s’il est moindre, le coût pour le particulier d’une protection équivalente à l’égard de ces personnes relativement à la période. Protection équivalente
(a) the amount that the taxpayer and the corporation have agreed on in their election in respect of the property shall be deemed to be the taxpayer’s proceeds of disposition of the property and the corporation’s cost of the property; (b) subject to paragraph 85(1)(c), where the amount that the taxpayer and the corporation have agreed on in their election in respect of the property is less than the fair market value, at the time of the disposition, of the consideration therefor (other than any shares of the capital stock of the corporation or a right to receive any such shares) received by the taxpayer, the amount so agreed on shall, irrespective of the amount actually so agreed on by them, be deemed to be an amount equal to that fair market value; (c) where the amount that the taxpayer and the corporation have agreed on in their election in respect of the property is greater than the fair market value, at the time of the disposition, of the property so disposed of, the amount so agreed on shall, irrespective of the amount actually so agreed on, be deemed to be an amount equal to that fair market value; (c.1) where the property was inventory, capital property (other than depreciable property of a prescribed class), a NISA Fund No. 2 or a property that is eligible property because of paragraph 85(1.1)(g) or 85(1.1)(g.1), and the amount that the taxpayer and corporation have agreed on in their election in respect of the property is less than the lesser of (i) the fair market value of the property at the time of the disposition, and (ii) the cost amount to the taxpayer of the property at the time of the disposition, the amount so agreed on shall, irrespective of the amount actually so agreed on by them, be deemed to be an amount equal to the lesser of the amounts described in subparagraphs 85(1)(c.1)(i) and 85(1)(c.1)(ii); (c.2) subject to paragraphs 85(1)(b) and 85(1)(c) and notwithstanding paragraph 85(1)(c.1), where the taxpayer carries on a farming business the income from which is computed in accordance with the cash method and the property was inventory owned in connection with that business immediately before the particular time the property was disposed of to the corporation, (i) the amount that the taxpayer and the corporation agreed on in their election in respect of inventory purchased by the taxpayer shall be deemed to be equal to the amount determined by the formula A is the amount that would be included because of paragraph 28(1)(c) in computing the taxpayer’s income for the taxpayer’s last taxation year beginning before the particular time if that year had ended immediately before the particular time, B is the value (determined in accordance with subsection 28(1.2)) to the taxpayer immediately before the particular time of the purchased inventory in respect of which the election is made, C is the value (determined in accordance with subsection 28(1.2)) of all of the inventory purchased by the taxpayer that was owned by the taxpayer in connection with that business immediately before the particular time, and D is any additional amount designated by the taxpayer and the corporation in respect of the property, is such additional amount as the taxpayer and the corporation designate in respect of the property, (ii) for the purpose of subparagraph 28(1)(a)(i), the disposition of the property and the receipt of proceeds of disposition therefor shall be deemed to have occurred at the particular time and in the course of carrying on the business, and (iii) where the property is owned by the corporation in connection with a farming business and the income from that business is computed in accordance with the cash method, for the purposes of section 28, (A) an amount equal to the cost to the corporation of the property shall be deemed to have been paid by the corporation, and (B) the corporation shall be deemed to have purchased the property for an amount equal to that cost, at the particular time and in the course of carrying on that business; (e) where the property was depreciable property of a prescribed class of the taxpayer and the amount that, but for this paragraph, would be the proceeds of disposition thereof is less than the least of (i) the undepreciated capital cost to the taxpayer of all property of that class immediately before the disposition, (ii) the cost to the taxpayer of the property, and (iii) the fair market value of the property at the time of the disposition, the amount agreed on by the taxpayer and the corporation in their election in respect of the property shall, irrespective of the amount actually so agreed on by them, be deemed to be the least of the amounts described in subparagraphs 85(1)(e)(i) to 85(1)(e)(iii); (e.1) where two or more properties, each of which is a property described in paragraph (e), are disposed of at the same time, paragraph (e) applies as if each property so disposed of had been separately disposed of in the order designated by the taxpayer before the time referred to in subsection (6) for the filing of an election in respect of those properties or, if the taxpayer does not so designate any such order, in the order designated by the Minister; (e.2) where the fair market value of the property immediately before the disposition exceeds the greater of (i) the fair market value, immediately after the disposition, of the consideration received by the taxpayer for the property disposed of by the taxpayer, and (ii) the amount that the taxpayer and the corporation have agreed on in their election in respect of the property, determined without reference to this paragraph, and it is reasonable to regard any part of the excess as a benefit that the taxpayer desired to have conferred on a person related to the taxpayer (other than a corporation that was a wholly owned corporation of the taxpayer immediately after the disposition), the amount that the taxpayer and the corporation agreed on in their election in respect of the property shall, regardless of the amount actually so agreed on by them, be deemed (except for the purposes of paragraphs 85(1)(g) and 85(1)(h)) to be an amount equal to the total of the amount referred to in subparagraph 85(1)(e.2)(ii) and that part of the excess; (e.3) where, under any of paragraphs (c.1) and (e), the amount that the taxpayer and the corporation have agreed on in their election in respect of the property (in this paragraph referred to as the elected amount) would be deemed to be an amount that is greater or less than the amount that would be deemed, subject to paragraph (c), to be the elected amount under paragraph (b), the elected amount deemed to be the greater of (i) the amount deemed by paragraph (c.1) or (e), as the case may be, to be the elected amount, and (ii) the amount deemed by paragraph 85(1)(b) to be the elected amount; (i) the property is depreciable property of a prescribed class of the taxpayer and is a passenger vehicle the cost to the taxpayer of which was more than $20,000 or such other amount as may be prescribed, and (ii) the taxpayer and the corporation do not deal at arm’s length, the amount that the taxpayer and the corporation have agreed on in their election in respect of the property shall be deemed to be an amount equal to the undepreciated capital cost to the taxpayer of the class immediately before the disposition, except that, for the purposes of subsection 6(2), the cost to the corporation of the vehicle shall be deemed to be an amount equal to its fair market value immediately before the disposition; (e.5) if the property is depreciable property of a prescribed class of the taxpayer that is a zero-emission passenger vehicle to which paragraph 13(7)(i) applies and the taxpayer and the corporation do not deal at arm’s length, (i) the amount that the taxpayer and the corporation have agreed on in their election in respect of the vehicle is deemed to be an amount equal to the cost amount to the taxpayer of the vehicle immediately before the disposition, and (ii) for the purposes of subsection 6(2), the cost to the corporation of the vehicle is deemed to be an amount equal to its fair market value immediately before the disposition; (f) the cost to the taxpayer of any particular property (other than shares of the capital stock of the corporation or a right to receive any such shares) received by the taxpayer as consideration for the disposition shall be deemed to be an amount equal to the lesser of (i) the fair market value of the particular property at the time of the disposition, and (ii) that proportion of the fair market value, at the time of the disposition, of the property disposed of by the taxpayer to the corporation that (A) the amount determined under subparagraph 85(1)(f)(i) is of (B) the fair market value, at the time of the disposition, of all properties (other than shares of the capital stock of the corporation or a right to receive any such shares) received by the taxpayer as consideration for the disposition; (g) the cost to the taxpayer of any preferred shares of any class of the capital stock of the corporation receivable by the taxpayer as consideration for the disposition shall be deemed to be the lesser of the fair market value of those shares immediately after the disposition and that proportion of the amount, if any, by which the proceeds of the disposition exceed the fair market value of the consideration (other than shares of the capital stock of the corporation or a right to receive any such shares) received by the taxpayer for the disposition, that (i) the fair market value, immediately after the disposition, of those preferred shares of that class, is of (ii) the fair market value, immediately after the disposition, of all preferred shares of the capital stock of the corporation receivable by the taxpayer as consideration for the disposition; (h) the cost to the taxpayer of any common shares of any class of the capital stock of the corporation receivable by the taxpayer as consideration for the disposition shall be deemed to be that proportion of the amount, if any, by which the proceeds of the disposition exceed the total of the fair market value, at the time of the disposition, of the consideration (other than shares of the capital stock of the corporation or a right to receive any such shares) received by the taxpayer for the disposition and the cost to the taxpayer of all preferred shares of the capital stock of the corporation receivable by the taxpayer as consideration for the disposition, that (i) the fair market value, immediately after the disposition, of those common shares of that class, is of (ii) the fair market value, immediately after the disposition, of all common shares of the capital stock of the corporation receivable by the taxpayer as consideration for the disposition; and (i) where the property so disposed of is taxable Canadian property of the taxpayer, all of the shares of the capital stock of the Canadian corporation received by the taxpayer as consideration for the property are deemed to be, at any time that is within 60 months after the disposition, taxable Canadian property of the taxpayer. (a) a capital property (other than real or immovable property, an option in respect of such property, or an interest in real property or a real right in an immovable, owned by a non-resident person); SUBDIVISION H Corporations Resident in Canada and their Shareholders (b) a capital property that is real or immovable property, an option in respect of such property, or an interest in real property or a real right in an immovable, owned by a non-resident insurer if that property and the property received as consideration for that property are designated insurance property for the year; (c) a Canadian resource property; (f) an inventory (other than real or immovable property, an option in respect of such property, or an interest in real property or a real right in an immovable); (g) a property that is a security or debt obligation used by the taxpayer in the year, or held by it in the year in the course of, carrying on the business of insurance or lending money, other than (iii) where the taxpayer is a financial institution in the year, a mark-to-market property for the year; (g.1) where the taxpayer is a financial institution in the year, a specified debt obligation (other than a mark-to-market property of the taxpayer for the year); (h) a capital property that is real or immovable property, an option in respect of such property, or an interest in real property or a real right in an immovable, owned by a non-resident person (other than a non-resident insurer) and used in the year in a business carried on in Canada by that person; or (i) a NISA Fund No. 2, if that property is owned by an individual. (1.11) Notwithstanding subsection (1.1), a foreign resource property, or an interest in a partnership that derives all or part of its value from one or more foreign resource properties, is not an eligible property of a taxpayer in respect of a disposition by the taxpayer to a corporation where (a) the taxpayer and the corporation do not deal with each other at arm’s length; and SUBDIVISION H Corporations Resident in Canada and their Shareholders (b) it is reasonable to conclude that one of the purposes of the disposition, or a series of transactions or events of which the disposition is a part, is to increase the extent to which any person may claim a deduction under section 126. (1.12) Notwithstanding subsection (1.1), an eligible derivative (as defined in subsection 10.1(5)) of a taxpayer to which subsection 10.1(6) applies is not an eligible property of the taxpayer in respect of a disposition by the taxpayer to a corporation. (1.2) Subsection 85(1) does not apply to a disposition by a taxpayer to a corporation of a property referred to in paragraph 85(1.1)(h) unless (a) immediately after the disposition, the corporation is controlled by the taxpayer, a person or persons related (otherwise than because of a right referred to in paragraph 251(5)(b)) to the taxpayer or the taxpayer and a person or persons so related to the taxpayer; (b) the disposition is part of a transaction or series of transactions in which all or substantially all of the property used in the business referred to in paragraph 85(1.1)(h) is disposed of by the taxpayer to the corporation; and (c) the disposition is not part of a series of transactions that result in control of the corporation being acquired by a person or group of persons after the time that is immediately after the disposition. Meaning of wholly owned corporation (1.3) For the purposes of this subsection and paragraph 85(1.1)(e.2), wholly owned corporation of a taxpayer means a corporation all the issued and outstanding shares of the capital stock of which (except directors’ qualifying shares) belong to (b) a corporation that is a wholly owned corporation of the taxpayer; or (c) any combination of persons described in paragraph 85(1.3)(a) or 85(1.3)(b). (1.4) For the purpose of subsection 85(1.1), financial institution, mark-to-market property and specified debt obligation have the meanings assigned by subsection 142.2(1). Transfer of property to corporation from partnership (a) a partnership has disposed, to a taxable Canadian corporation for consideration that includes shares of the corporation’s capital stock, of any partnership property (other than an eligible derivative, as defined in subsection 10.1(5), of the partnership if subsection 10.1(6) applies to the partnership) that was (i) a capital property (other than real or immovable property, an option in respect of such property, or an interest in real property or a real right in an immovable, if the partnership was not a Canadian partnership at the time of the disposition), (ii) a property described in any of paragraphs 85(1.1)(c) to 85(1.1)(f), or (iii) a property that would be described in paragraph 85(1.1)(g) or 85(1.1)(g.1) if the references in those paragraphs to “taxpayer” were read as “partnership”, and (b) the corporation and all the members of the partnership have jointly so elected, in prescribed form and within the time referred to in subsection 85(6), paragraphs 85(1)(a) to 85(1)(i) are applicable, with such modifications as the circumstances require, in respect of the disposition as if the partnership were a taxpayer resident in Canada who had disposed of the property to the corporation. Computing paid-up capital (2.1) Where subsection 85(1) or 85(2) applies to a disposition of property (other than a disposition of property to which section 84.1 or 212.1 applies) to a corporation by a person or partnership (in this subsection referred to as the “taxpayer”), (a) in computing the paid-up capital in respect of any particular class of shares of the capital stock of the corporation at the time of, and at any time after, the issue of shares of the capital stock of the corporation in consideration for the disposition of the property, there shall be deducted an amount determined by the formula A is the increase, if any, determined without reference to this section as it applies to the disposition of the property, in the paid-up capital in respect of all the shares of the capital stock of the corporation as a result of the acquisition by the corporation of the property, B is the amount, if any, by which the corporation’s cost of the property, immediately after the acquisition, determined under subsection 85(1) or 85(2), as the case may be, exceeds the fair market value, immediately after the acquisition, of any consideration (other than shares of the capital stock of the corporation) received by the taxpayer from the corporation for the property, and C is the increase, if any, determined without reference to this section as it applies to the disposition of the property, in the paid-up capital in respect of the particular class of shares as a result of the acquisition by the corporation of the property; and (b) in computing the paid-up capital, at any time after November 21, 1985, in respect of any class of shares of the capital stock of a corporation, there shall be added an amount equal to the lesser of (i) the amount, if any, by which (A) the total of all amounts each of which is an amount deemed by subsection 84(3), 84(4) or 84(4.1) to be a dividend on shares of that class paid after November 21, 1985 and before that time by the corporation (B) the total of such dividends that would be determined under clause 85(2.1)(b)(i)(A) if this Act were read without reference to paragraph 85(2.1)(a), and (ii) the total of all amounts required by paragraph 85(2.1)(a) to be deducted in computing the paid-up capital in respect of that class of shares after November 21, 1985 and before that time. Where partnership wound up (a) in respect of any disposition of partnership property of a partnership to a corporation, subsection 85(2) applies, (b) the affairs of the partnership were wound up within 60 days after the disposition, and (c) immediately before the winding-up there was no partnership property other than money or property received from the corporation as consideration for the disposition, the following rules apply: (d) the cost to any member of the partnership of any property (other than shares of the capital stock of the corporation or a right to receive any such shares) received by the member as consideration for the disposition of the member’s partnership interest on the winding-up shall be deemed to be the fair market value of the property at the time of the winding-up, (e) the cost to any member of the partnership of any preferred shares of any class of the capital stock of the corporation receivable by the member as consideration for the disposition of the member’s partnership interest on the winding-up shall be deemed to be (i) where any common shares of the capital stock of the corporation were also receivable by the member as consideration for the disposition of the interest, the lesser of (A) the fair market value, immediately after the winding-up, of the preferred shares of that class so receivable by the member, and (B) that proportion of the amount, if any, by which the adjusted cost base to the member of the member’s partnership interest immediately before the winding-up exceeds the total of the fair market value, at the time of the winding-up, of the consideration (other than shares of the capital stock of the corporation or a right to receive any such shares) received by the member for the disposition of the interest, that (I) the fair market value, immediately after the winding-up, of the preferred shares of that class so receivable by the member, is of (II) the fair market value, immediately after the winding-up, of all preferred shares of the capital stock of the corporation receivable by the member, SUBDIVISION H Corporations Resident in Canada and their Shareholders the member as consideration for the disposition, and (f) the cost to any member of the partnership of any common shares of any class of the capital stock of the corporation receivable by the member as consideration for the disposition of the member’s partnership interest on the winding-up shall be deemed to be that proportion of the amount, if any, by which the adjusted cost base to the member of the member’s partnership interest immediately before the winding-up exceeds the total of the fair market value, at the time of the winding-up, of the consideration (other than shares of the capital stock of the corporation or a right to receive any such shares) received by the member for the disposition of the interest and the cost to the member of all preferred shares of the capital stock of the corporation receivable by the member as consideration for the disposition of the interest, that (i) the fair market value, immediately after the winding-up, of the common shares of that class so receivable by the member, is of (ii) the fair market value, immediately after the winding-up, of all common shares of the capital stock of the corporation so receivable by the member as consideration for the disposition, (g) the proceeds of disposition of the partnership interest of any member of the partnership shall be deemed to be the cost to the member of all shares and property receivable or received by the member as consideration for the disposition of the interest plus the amount of any money received by the member as consideration for the disposition, and (h) where the partnership has distributed partnership property referred to in paragraph 85(3)(c) to a member of the partnership, the partnership shall be deemed to have disposed of that property for proceeds equal to the cost amount to the partnership of the property immediately before its distribution.
Pour l’application du paragraphe (2), le montant payable à l’égard d’un particulier dans le cadre d’un régime privé d’assurance-maladie pour une période ne dépasse pas le coût, pour lui, d’une protection équivalente dans le cadre du régime à l’égard d’une autre personne pour la période dans la mesure où, pour la période, le montant ne dépasse pas le produit de la multiplication des montants suivants : a) le montant qui représenterait le coût, pour le particulier, d’une protection dans le cadre du régime à l’égard des prestations et de la protection relatives au particulier, à son époux ou conjoint de fait et aux personnes habitant chez le particulier étaient identiques à celles offertes à l’égard de l’autre personne, de son époux ou conjoint de fait et des personnes habitant chez lui; b) le pourcentage du coût d’une protection dans le cadre du régime à l’égard de l’autre personne qui est payable par le particulier ou par une société de personnes dont il est associé.
Where subsection 85(1) or 85(2) has applied to a disposition at any time of depreciable property to a person (in this subsection referred to as the “transferee”) and the capital cost to the transferor of the property exceeds the transferor’s proceeds of disposition of the property, for the purposes of sections 13 and 20 and any regulations made for the purpose of paragraph 20(1)(a), (a) the capital cost to the transferee of the property is deemed to be the amount that was its capital cost to the transferor; and (b) the excess is deemed to have been deducted by the transferee under paragraph 20(1)(a) in respect of the property in computing income for taxation years that ended before that time. Acquisition of certain tools — capital cost and deemed depreciation (5.1) If subsection (1) has applied in respect of the acquisition at any particular time of any depreciable property by a corporation from an individual, the cost of the property to the individual was included in computing an amount under paragraph 8(1)(r) or (s) in respect of the individual, and the amount that would be the cost of the property to the individual immediately before the transfer if this Act were read without reference to subsection 8(7) (which amount is in this subsection referred to as the “individual’s original cost”) exceeds the individual’s proceeds of disposition of the property, (a) the capital cost to the corporation of the property is deemed to be equal to the individual’s original cost; and (b) the amount by which the individual’s original cost exceeds the individual’s proceeds of disposition in respect of the property is deemed to have been deducted by the corporation under paragraph 20(1)(a) in respect of the property in computing income for taxation years that ended before that particular time. Time for election
Income Tax PART I Income Tax DIVISION B Computation of Income
Any election under subsection 85(1) or 85(2) shall be made on or before the day that is the earliest of the days on or before which any taxpayer making the election is required to file a return of income pursuant to section 150 for the taxation year in which the transaction to which the election relates occurred. Late filed election
Deemed dispositions
Where the election referred to in subsection 85(6) was not made on or before the day on or before which the election was required by that subsection to be made and that day is after May 6, 1974, the election shall be deemed to have been made on that day if, on or before the day that is 3 years after that day, SUBDIVISION H Corporations Resident in Canada and their Shareholders (a) the election is made in prescribed form; and (b) an estimate of the penalty in respect of that election is paid by the taxpayer or the partnership, as the case may be, when that election is made. (7.1) Where, in the opinion of the Minister, the circumstances of a case are such that it would be just and equitable (a) to permit an election under subsection 85(1) or 85(2) to be made after the day that is 3 years after the day on or before which the election was required by subsection 85(6) to be made, or (b) to permit an election made under subsection 85(1) or 85(2) to be amended, the election or amended election shall be deemed to have been made on the day on or before which the election was so required to be made if (c) the election or amended election is made in prescribed form, and (d) an estimate of the penalty in respect of the election or amended election is paid by the taxpayer or partnership, as the case may be, when the election or amended election is made, and where this subsection applies to the amendment of an election, that election shall be deemed not to have been effective. Penalty for late filed election
For the purpose of paragraph 20.1(2)(a), Impôt sur le revenu
For the purposes of this section, the penalty in respect of an election or an amended election referred to in paragraph 85(7)(a) or 85(7.1)(c) is an amount equal to the lesser of (a) 1/4 of 1% of the amount, if any, by which (i) the fair market value of the property in respect of which that election or amended election was made, at the time the property was disposed of, (ii) the amount agreed on in the election or amended election by the taxpayer or partnership, as the case may be, and the corporation, for each month or part of a month during the period commencing with the day on or before which the SUBDIVISION H Corporations Resident in Canada and their Shareholders election is required by subsection 85(6) to be made and ending on the day the election or amended election is made, and (b) an amount, not exceeding $8,000, equal to the product obtained by multiplying $100 by the number of months each of which is a month all or part of which is during the period referred to in paragraph 85(8)(a).
The Minister shall, with all due dispatch, examine each election and amended election referred to in paragraph 85(7)(a) or 85(7.1)(c), assess the penalty payable and send a notice of assessment to the taxpayer or partnership, as the case may be, and the taxpayer or partnership, as the case may be, shall pay forthwith to the Receiver General the amount, if any, by which the penalty so assessed exceeds the total of all amounts previously paid on account of that penalty. Share for share exchange
(a) except where the vendor has, in the vendor’s return of income for the taxation year in which the exchange occurred, included in computing the vendor’s income for that year any portion of the gain or loss, otherwise determined, from the disposition of the exchanged shares, the vendor shall be deemed (i) to have disposed of the exchanged shares for proceeds of disposition equal to the adjusted cost base to the vendor of those shares immediately before the exchange, and (ii) to have acquired the shares of the purchaser at a cost to the vendor equal to the adjusted cost base to the vendor of the exchanged shares immediately before the exchange, and where the exchanged shares were taxable Canadian property of the vendor, the shares of the purchaser SUBDIVISION H Corporations Resident in Canada and their Shareholders so acquired by the vendor are deemed to be, at any time that is within 60 months after the exchange, taxable Canadian property of the vendor; and (b) the cost to the purchaser of each exchanged share, at any time up to and including the time the purchaser disposed of the share, shall be deemed to be the lesser of (i) its fair market value immediately before the exchange, and (ii) its paid-up capital immediately before the exchange.
Subsection 85.1(1) does not apply where (a) the vendor and purchaser were, immediately before the exchange, not dealing with each other at arm’s length (otherwise than because of a right referred to in paragraph 251(5)(b) that is a right of the purchaser to acquire the exchanged shares); (b) the vendor or persons with whom the vendor did not deal at arm’s length, or the vendor together with persons with whom the vendor did not deal at arm’s length, (i) controlled the purchaser, or (ii) beneficially owned shares of the capital stock of the purchaser having a fair market value of more than 50% of the fair market value of all of the outstanding shares of the capital stock of the purchaser, immediately after the exchange; (c) the vendor and the purchaser have filed an election under subsection 85(1) or 85(2) with respect to the exchanged shares; (d) consideration other than shares of the particular class of the capital stock of the purchaser was received by the vendor for the exchanged shares, notwithstanding that the vendor may have disposed of shares of the capital stock of the acquired corporation (other than the exchanged shares) to the purchaser for consideration other than shares of one class of the capital stock of the purchaser; or (i) is a foreign affiliate of a taxpayer resident in Canada at the end of the taxation year of the vendor in which the exchange occurred, and SUBDIVISION H Corporations Resident in Canada and their Shareholders (ii) has included any portion of the gain or loss, otherwise determined, from the disposition of the exchanged shares in computing its foreign accrual property income for the taxation year of the vendor in which the exchange occurred. (2.1) Where, at any time, a purchaser has issued shares of its capital stock as a result of an exchange to which subsection 85.1(1) applied, in computing the paid-up capital in respect of any particular class of shares of its capital stock at any particular time after that time (a) there shall be deducted that proportion of the amount, if any, by which (i) the increase, if any, as a result of the issue, in the paid-up capital in respect of all the shares of the capital stock of the purchaser, computed without reference to this subsection as it applies to the issue, (ii) the paid-up capital in respect of all the exchanged shares received as a result of the exchange (iii) the increase, if any, as a result of the issue, in the paid-up capital in respect of the particular class of shares, computed without reference to this subsection as it applies to the issue, is of (iv) the amount, if any, determined in subparagraph 85.1(2.1)(a)(i) in respect of the issue; and (b) there shall be added an amount equal to the lesser of (i) the amount, if any, by which (A) the total of all amounts each of which is an amount deemed by subsection 84(3), 84(4) or 84(4.1) to be a dividend on shares of that class paid by the purchaser before the particular time (B) the total that would be determined under clause 85.1(2.1)(b)(i)(A) if this Act were read without reference to paragraph 85.1(2.1)(a), and (ii) the total of all amounts to be deducted under paragraph (a) in respect of that class before the particular time. SUBDIVISION H Corporations Resident in Canada and their Shareholders (ii) the total of all amounts required by paragraph 85.1(2.1)(a) to be deducted in respect of that particular class of shares before the particular time. Issuance deemed made to vendor (2.2) For the purposes of subsection (1), if a purchaser issues shares of a class of its capital stock (in this subsection referred to as “purchaser shares”) to a trust under a court-approved plan or scheme of arrangement in consideration for which a vendor disposes of exchanged shares that trade on a designated stock exchange to the purchaser solely for purchaser shares that are widely traded on a designated stock exchange immediately after and as part of completion of the plan or scheme of arrangement, the issuance to the trust is deemed to be an issuance to the vendor.
disposition » au présent alinéa), le contribuable dispose d’un bien qu’il a utilisé pour la dernière fois dans le cadre de son entreprise, il est réputé avoir utilisé, immédiatement avant le moment de la disposition, la fraction de l’argent emprunté qui correspond au moins élevé des montants suivants pour acquérir le bien : (i) la juste valeur marchande du bien au moment de la disposition, (ii) la fraction de l’argent emprunté qui reste à rembourser au moment de la disposition et qui n’est pas réputée, en le présent alinéa, avoir été utilisée avant le moment de la disposition pour acquérir un autre bien; b) sous réserve de l’alinéa a), l’argent emprunté est réputé, après le moment donné, ne pas avoir été utilisé pour acquérir un bien que le contribuable a utilisé dans le cadre de son entreprise; c) la fraction de l’argent emprunté qui reste à rembourser après le moment donné et qui n’est pas réputée, par l’alinéa a), avoir été utilisée avant ce moment pour acquérir un bien est réputée être utilisée par le contribuable à ce moment ultérieur en vue de tirer un revenu de l’entreprise; d) après le moment donné, les exercices de l’entreprise sont réputés coïncider avec les années d’imposition du contribuable, sauf que le premier de ces exercices est réputé commencer à la fin du dernier exercice de l’entreprise commençant avant le moment donné. Présomption de disposition
Where a taxpayer has disposed of capital property that was shares of the capital stock of a foreign affiliate of the taxpayer to a corporation that was, immediately following the disposition, a foreign affiliate of the taxpayer (in this subsection referred to as the “acquiring affiliate”) for consideration including shares of the capital stock of the acquiring affiliate, (a) the cost to the taxpayer of any property (other than shares of the capital stock of the acquiring affiliate) receivable by the taxpayer as consideration for the disposition shall be deemed to be the fair market value of the property at the time of the disposition; (b) the cost to the taxpayer of any shares of any class of the capital stock of the acquiring affiliate receivable by the taxpayer as consideration for the disposition shall be deemed to be that proportion of the amount, if any, by which the total of the adjusted cost bases to the taxpayer, immediately before the disposition, of the shares disposed of exceeds the fair market value at that time of the consideration receivable for the disposition (other than shares of the capital stock of the acquiring affiliate) that (i) the fair market value, immediately after the disposition, of those shares of the acquiring affiliate of that class is of (ii) the fair market value, immediately after the disposition, of all shares of the capital stock of the acquiring affiliate receivable by the taxpayer as consideration for the disposition. (c) the taxpayer’s proceeds of disposition of the shares shall be deemed to be an amount equal to the cost to the taxpayer of all shares and other property receivable by the taxpayer from the acquiring affiliate as consideration for the disposition; and (d) the cost to the acquiring affiliate of the shares acquired from the taxpayer shall be deemed to be an amount equal to the taxpayer’s proceeds of disposition referred to in paragraph 85.1(3)(c).
Les règles suivantes s’appliquent dans le cadre de l’alinéa 2a) : a) lorsqu’un bien était utilisé par un contribuable dans le cadre d’une entreprise qu’il a cessé d’exploiter, le contribuable est réputé disposer du bien au moment où il commence à l’utiliser dans le cadre d’une autre entreprise ou à une autre fin; b) lorsqu’un bien était utilisé habituellement par un contribuable en partie dans le cadre d’une entreprise qu’il a cessé d’exploiter à un moment donné et en partie à une autre fin, les présomptions suivantes s’appliquent : (i) le contribuable est réputé avoir disposé du bien à ce moment, (ii) la juste valeur marchande du bien à ce moment est réputée être égale au produit de la Refinancings (a) paragraphs 20.1(2)(a) to 20.1(2)(c) apply with respect to the borrowed money; and Interest — authorized foreign bank — interpretation multiplication de sa juste valeur marchande à ce moment par le rapport entre l’usage qui en est fait habituellement dans le cadre de l’entreprise et l’usage total habituel du bien; c) lorsque le contribuable est une fiducie, les paragraphes 104(4) à (5.2) ne s’appliquent pas. Montant payable pour un bien
Subsection (3) does not apply in respect of a disposition at any time by a taxpayer of a share of the capital stock of a particular foreign affiliate of the taxpayer to another foreign affiliate of the taxpayer if (a) both (i) all or substantially all of the property of the particular affiliate was, immediately before that time, excluded property (within the meaning assigned by subsection 95(1)) of the particular affiliate, and (ii) the disposition is part of a transaction or event or a series of transactions or events for the purpose of disposing of the share to a person or partnership that, immediately after the transaction, event or series, was a person or partnership (other than a foreign affiliate of the taxpayer in respect of which the taxpayer has a qualifying interest (within the meaning assigned by paragraph 95(2)(m)) at the time of the transaction or event or throughout the series, as the case may be) with whom the taxpayer was dealing at arm’s length; or (b) the adjusted cost base to the taxpayer of the share at that time is greater than the amount that would, in the absence of subsection (3), be the taxpayer’s proceeds of disposition of the share in respect of the disposition. Foreign share for foreign share exchange
La somme qui est payable pour un bien par un contribuable est réputée, pour l’application du présent article et, si le paragraphe 20.1(2) s’applique à la somme, pour l’application de la présente loi, être une somme à payer au titre de l’argent emprunté et utilisé par le contribuable pour acquérir le bien. Participation dans une société de personnes
Subject to subsections (3) and (6) and 95(2), where a corporation resident in a country other than Canada (in this section referred to as the “foreign purchaser”) issues shares of its capital stock (in this section referred to as the “issued foreign shares”) to a vendor in exchange for shares of the capital stock of another corporation resident in a country other than Canada (in this section referred to as the “exchanged foreign shares”) that were immediately before the exchange capital property of the vendor, except where the vendor has, in the vendor’s return of income for the taxation year in which the exchange occurred, included in computing the vendor’s income for that year any portion of the gain or loss, otherwise determined, from the disposition of the exchanged foreign shares, the vendor is deemed (a) to have disposed of the exchanged foreign shares for proceeds of disposition equal to the adjusted cost base to the vendor of those shares immediately before the exchange, and (b) to have acquired the issued foreign shares at a cost to the vendor equal to the adjusted cost base to the vendor of the exchanged foreign shares immediately before the exchange, and where the exchanged foreign shares were taxable Canadian property of the vendor, the issued foreign shares so acquired by the vendor are deemed to be, at any time that is within 60 months after the exchange, taxable Canadian property of the vendor. Where subsection (5) does not apply
Pour l’application du présent article, l’argent emprunté qui a été utilisé pour acquérir une participation dans une société de personnes et qui, en conséquence, est considéré comme étant utilisé à un moment donné afin de tirer un revenu d’une entreprise ou d’un bien de la société de personnes est réputé être utilisé à ce moment afin de tirer un revenu d’un bien qui est la participation dans la société de personnes et non afin de tirer un revenu de l’entreprise ou du bien de celle-ci. Refinancement
Subsection (5) does not apply where (a) the vendor and foreign purchaser were, immediately before the exchange, not dealing with each other at arm’s length (otherwise than because of a right referred to in paragraph 251(5)(b) that is a right of the foreign purchaser to acquire the exchanged foreign shares); (b) immediately after the exchange the vendor, persons with whom the vendor did not deal at arm’s length or the vendor together with persons with whom the vendor did not deal at arm’s length (i) controlled the foreign purchaser, or (ii) beneficially owned shares of the capital stock of the foreign purchaser having a fair market value of more than 50% of the fair market value of all of the outstanding shares of the capital stock of the foreign purchaser; (c) consideration other than issued foreign shares was received by the vendor for the exchanged foreign shares, notwithstanding that the vendor may have disposed of shares of the capital stock of the other corporation referred to in subsection (5) (other than the exchanged foreign shares) to the foreign purchaser for consideration other than shares of the capital stock of the foreign purchaser; SUBDIVISION H Corporations Resident in Canada and their Shareholders (i) is a foreign affiliate of a taxpayer resident in Canada at the end of the taxation year of the vendor in which the exchange occurred, and (ii) has included any portion of the gain or loss, otherwise determined, from the disposition of the exchanged foreign shares in computing its foreign accrual property income for the taxation year of the vendor in which the exchange occurred; or (e) the vendor is a foreign affiliate of a taxpayer resident in Canada at the end of the taxation year of the vendor in which the exchange occurred and the exchanged foreign shares are excluded property (within the meaning assigned by subsection 95(1)) of the vendor. Issuance deemed made to vendor (6.1) For the purposes of subsection (5), if a foreign purchaser issues shares of a class of its capital stock (in this subsection referred to as foreign purchaser shares) to a trust under a corporate-wind up plan or scheme of arrangement in consideration for which a vendor disposes of exchanged foreign shares, and the foreign purchaser shares are issued to the purchaser solely for foreign purchaser shares that are widely traded on a designated stock exchange immediately after and as part of completion of the plan or scheme of arrangement, the issuance to the trust is deemed to be an issuance to the vendor.
Lorsqu, à un moment donné, un contribuable utilise de l’argent emprunté pour rembourser une somme empruntée antérieurement qui était réputée, par l’alinéa (2)c) et immédiatement avant ce moment, être utilisée en vue de tirer un revenu d’une entreprise, les règles suivantes s’appliquent : a) les alinéas (2)a) à c) s’appliquent à l’argent emprunté; b) le paragraphe 20(3) ne s’applique pas à l’argent emprunté. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1994, ch. 21, art. 13; 2013, ch. 34, art. 98. Intérêts — banque étrangère autorisée — définitions
Subsection (8) applies in respect of the disposition before 2013 by a taxpayer of SIFT wind-up entity equity (referred to in subsection (8) as the “particular unit”) to a taxable Canadian corporation if (a) the disposition occurs during a period (referred to in this subsection and subsection (8) as the “exchange period”) of no more than 60 days at the end of which all of the equity in the SIFT wind-up entity is owned by the corporation; (b) the taxpayer receives no consideration for the disposition other than a share (referred to in this subsection and subsection (8) as the “exchange share”) of the capital stock of the corporation that is issued during the exchange period to the taxpayer by the corporation; (c) neither of subsections 85(1) and (2) applies to the disposition; and SUBDIVISION H Corporations Resident in Canada and their Shareholders Rollover on SIFT unit for share exchange
avance de succursale En ce qui concerne une banque étrangère autorisée, montant attribué ou fourni par la banque, en son nom, à son entreprise bancaire au Canada, ou pour son compte, selon des modalités qui, avant l’attribution ou la fourniture du montant, ont été documentées comme le serait habituellement, eu égard à l’étendue et à la forme des documents, un prêt que la Formula elements banque consentirait à une personne avec laquelle elle n’a aucun lien de dépendance. (branch advance) états financiers de succursale États non consolidés des actif et passif et des recettes et dépenses d’une banque étrangère autorisée pour une année d’imposition, relativement à son entreprise bancaire canadienne, qui : a) font partie de l’état annuel de la banque pour l’année, envoyé au surintendant des institutions financières conformément à l’article 601 de la Loi sur les banques et accepté par ce dernier; b) si tel envoi n’est pas requis pour l’année, sont établis conformément aux états annuels ainsi envoyés et acceptés pour la ou les périodes comprenant l’année. Toutefois si le ministre démontre que les états ne sont pas établis selon les principes comptables généralement reconnus au Canada, modifiés par toute spécification applicable à la banque faite par le surintendant des institutions financières en vertu du paragraphe 308(4) de la Loi sur les banques (appelés « PCGR modifiés » à la présente définition), états financiers de succursale s’entend des états en question, sous réserve des modifications nécessaires pour les rendre conformes aux PCGR modifiés. (branch financial statements) période de calcul En ce qui concerne une banque étrangère autorisée pour une année d’imposition, l’une d’une série de périodes régulières en lesquelles l’année a été divisée par la banque dans sa déclaration de revenu pour l’année ou, sinon, par le ministre, et qui répondent aux conditions suivantes : a) aucune période ne compte plus de 31 jours; b) la première commence au début de l’année et la dernière se termine à la fin de l’année; c) elles sont conformes aux périodes de calcul établies pour l’année d’imposition précédente, sauf si le ministre donne son accord écrit pour qu’il en soit autrement. (calculation period) Éléments des formules
If this subsection applies in respect of a disposition by a taxpayer of a particular unit of a SIFT wind-up entity to a corporation for consideration that is an exchange share, the following rules apply: (a) the taxpayer’s proceeds of disposition of the particular unit, and cost of the exchange share, are deemed to be equal to the cost amount to the taxpayer of the particular unit immediately before the disposition; (b) if the particular unit was immediately before the disposition taxable Canadian property of the taxpayer, the exchange share is deemed to be, at any time that is within 60 months after the disposition, taxable Canadian property of the taxpayer; (c) if the exchange share’s fair market value immediately after the disposition exceeds the particular unit’s fair market value at the time of the disposition, the excess is deemed to be an amount that section 15 requires to be included in computing the taxpayer’s income for the taxpayer’s taxation year in which the disposition occurs; (d) if the particular unit’s fair market value at the time of the disposition exceeds the exchange share’s fair market value immediately after the disposition, and it is reasonable to regard any part of the excess as a benefit that the taxpayer desired to have conferred on a person, or partnership, with whom the taxpayer does not deal at arm’s length, the excess is deemed to be an amount that section 15 requires to be included in computing the taxpayer’s income for the taxpayer’s taxation year in which the disposition occurs; (e) the cost to the corporation of the particular unit is deemed to be the lesser of (i) the fair market value of the particular unit immediately before the disposition, and (ii) the amount determined for B in the formula in paragraph (f) in respect of the particular unit; and (f) in computing the paid-up capital in respect of each class of shares of the capital stock of the corporation at any time after the disposition there shall be deducted the amount determined by the formula SUBDIVISION H Corporations Resident in Canada and their Shareholders A is the increase, if any, as a result of the disposition, in the paid-up capital in respect of all the shares of the capital stock of the corporation, computed without reference to this paragraph as it applies to the disposition, B is the amount determined by the formula (i) unless subparagraph (ii) applies, the total of all amounts each of which is (A) if the SIFT wind-up entity is a trust, the fair market value of property received by the SIFT wind-up entity on the issuance of the particular unit, or (B) if the SIFT wind-up entity is a partnership, (I) an amount that has at any time been added, in computing the adjusted cost base to any taxpayer of the particular unit on or before the disposition, because of subparagraph 53(1)(e)(iv) or (x), or (II) an amount that would at any time have been added, in computing the adjusted cost base to any taxpayer of the particular unit on or before the disposition, because of subparagraph 53(1)(e)(i) if subsection 96(1) were read without reference to its paragraph (d) and the partnership deducted all amounts otherwise deductible because of that paragraph, and (ii) if the SIFT wind-up entity has on or after the end of the exchange period issued a unit, nil, and E is the total of all amounts each of which (i) if the SIFT wind-up entity is a trust, has become payable by the SIFT wind-up entity, in respect of the particular unit, to any holder of the unit on or before the disposition, other than an amount that has become payable out of its income (determined without reference to subsection 104(6)) or capital gains, and (ii) if the SIFT wind-up entity is a partnership, (A) has at any time been deducted, in computing the adjusted cost base to any taxpayer of the particular unit on or before the disposition, because of subparagraph 53(2)(c)(iv) or (v), or (B) would have at any time been deducted, in computing the adjusted cost base to any taxpayer of the particular unit on or before the disposition, because of subparagraph 53(2)(c)(ii) if subsection 96(1) were read without reference to its paragraph (d) and the partnership deducted all amounts otherwise deductible because of that paragraph, and C is the increase, if any, as a result of the disposition, in the paid-up capital in respect of the class of shares, computed without reference to this paragraph as it applies to the disposition. Exchange of shares by a shareholder in course of reorganization of capital
Pour ce qui est d’une période de calcul comprise dans une année d’imposition d’une banque étrangère autorisée, dans les formules figurant au paragraphe (3) : A représente les éléments d’actif de la banque à la fin de la période; AS les avances de succursale de la banque à la fin de la période; Interest deduction IL + IBA × (0.95 × A - L)/BA and IL × (0.95 × A)/L and IL + IBA and (0.95 × A) - (D + AS) D est le total des montants représentant chacun des intérêts payables par la banque à une autre personne ou société de personnes, qui seraient déductibles dans le calcul du revenu de la banque pour l’année si l’alinéa 18(1)v) ni le présent article. IAS le total des montants représentant chacun un montant raisonnable au titre des intérêts théoriques courus pour la période sur une avance de succursale, qui seraient déductibles dans le calcul du revenu de la banque pour l’année s’il s’agissait d’intérêts payables par la banque à une autre personne, si l’avance représentait une dette de la banque et s’il n’était pas tenu compte de l’alinéa 18(1)v) ni du présent article; ID le total des montants représentant chacun un montant au titre des intérêts courus pour la période sur une dette de la banque envers une autre personne ou une société de personnes, qui seraient déductibles dans le calcul du revenu de la banque pour l’année s’il n’était pas tenu compte de l’alinéa 18(1)v) ni du présent article. Déduction des intérêts
(a) the cost to the taxpayer of any property (other than new shares) receivable by the taxpayer for the old shares shall be deemed to be its fair market value at the time of the disposition; (b) the cost to the taxpayer of any new shares of any class of the capital stock of the corporation receivable by the taxpayer for the old shares shall be deemed to be that proportion of the amount, if any, by which the total of the adjusted cost bases to the taxpayer, immediately before the disposition, of the old shares exceeds the fair market value at that time of the consideration receivable for the old shares (other than new shares) that (i) the fair market value, immediately after the disposition, of those new shares of that class, is of (ii) the fair market value, immediately after the disposition, of all new shares of the capital stock of the corporation receivable by the taxpayer for the old shares; and (c) the taxpayer shall be deemed to have disposed of the old shares for proceeds of disposition equal to the cost to the taxpayer of all new shares and other property receivable by the taxpayer for the old shares.
Les montants ci-après sont déductibles, dans le calcul du revenu d’une banque étrangère autorisée provenant de son entreprise bancaire au Canada pour une année d’imposition, au titre des intérêts pour une période de calcul de l’année : a) si la somme, à la fin de la période, de ses dettes envers d’autres personnes et des sociétés de personnes et de ses avances de succursale représente au moins 95 % de ses éléments d’actif à ce moment, un montant n’excédant pas le montant applicable suivant : (i) si le montant de ces dettes à ce moment est inférieur à 95 % de ses éléments d’actif à ce moment, le montant obtenu par la formule suivante : ID + IAS × (0,95 × A - D)/AS (ii) si le montant de ces dettes à ce moment est égal ou supérieur à 95 % de ses éléments d’actif à ce moment, le montant obtenu par la formule suivante : ID × (0,95 × A)/D b) dans les autres cas, la somme des montants suivants : (i) le montant obtenu par la formule suivante : ID + IAS (ii) le produit des montants suivants : (A) le montant que la banque demande dans sa déclaration de revenu pour l’année, n’excédant pas le montant obtenu par la formule suivante : (0,95 × A) - (D + AS) (0.95 × A) - (L + BA) and Weak currency debt — interpretation Impôt sur le revenu
Notwithstanding paragraphs 86(1)(b) and 86(1)(c), where a taxpayer has disposed of old shares in circumstances described in subsection 86(1) and the fair market value of the old shares immediately before the disposition exceeds the total of (a) the cost to the taxpayer of the property (other than new shares) receivable by the taxpayer for the old shares as determined under paragraph 86(1)(a), and (b) the fair market value of the new shares, immediately after the disposition, and it is reasonable to regard any portion of the excess (in this subsection referred to as the “gift portion”) as a benefit that the taxpayer desired to have conferred on a person related to the taxpayer, the following rules apply: (c) the taxpayer shall be deemed to have disposed of the old shares for proceeds of disposition equal to the lesser of (i) the total of the cost to the taxpayer of the property as determined under paragraph 86(1)(a) and the gift portion and (ii) the fair market value of the old shares immediately before the disposition, (e) the cost to the taxpayer of any new shares of any class of the capital stock of the corporation receivable by the taxpayer for the old shares shall be deemed to be that proportion of the amount, if any, by which the total of the adjusted cost bases to the taxpayer, immediately before the disposition, of the old shares exceeds the total determined under subparagraph 86(2)(c)(i) that (i) the fair market value, immediately after the disposition, of the new shares of that class, is of (ii) the fair market value, immediately after the disposition, of all new shares of the capital stock of the corporation receivable by the taxpayer for the old shares. (2.1) Where subsection 86(1) applies to a disposition of shares of the capital stock of a corporation (in this subsection referred to as the “exchange”), in computing the paid-up capital in respect of a particular class of shares of the capital stock of the corporation at any particular time that is the time of, or any time after, the exchange, (a) there shall be deducted the amount determined by the formula A is the total of all amounts each of which is the increase, if any, as a result of the exchange, in the paid-up capital in respect of a class of shares of the capital stock of the corporation, computed without reference to this subsection as it applies to the exchange, B is the amount, if any, by which the paid-up capital in respect of the old shares exceeds the fair market value of the consideration (other than shares of the capital stock of the corporation) given by the corporation for the old shares on the exchange, and C is the increase, if any, as a result of the exchange, in the paid-up capital in respect of the particular class of shares, computed without reference to this subsection as it applies to the exchange; SUBDIVISION H Corporations Resident in Canada and their Shareholders (b) there shall be added an amount equal to the lesser of (i) the amount, if any, by which (A) the total of all amounts deemed by subsection 84(3), 84(4) or 84(4.1) to be a dividend on shares of that class paid by the corporation before the particular time (B) the total that would be determined under clause 86(2.1)(b)(ii)(A) if this Act were read without reference to paragraph 86(2.1)(a), and (ii) the total of all amounts required by paragraph 86(2.1)(a) to be deducted in respect of that particular class of shares before the particular time.
Where a taxpayer has disposed of old shares in circumstances described in subsection 86(1), (a) there shall be deducted after the disposition in computing the adjusted cost base to the taxpayer of each new share the amount determined by the formula A is the amount, if any, by which (i) the total of all amounts deducted under paragraph 53(2)(g.1) in computing the adjusted cost base to the taxpayer of the old shares immediately before the disposition (ii) the amount that would be the taxpayer’s capital gain for the taxation year that includes the time of the disposition from the disposition of the old shares if paragraph 40(1)(a) were read without reference to subparagraph (iii) of that paragraph, B is the fair market value of the new share at the time it was acquired by the taxpayer in consideration for the disposition of the old shares, and C is the total of all amounts each of which is the fair market value of a new share at the time it was acquired by the taxpayer in consideration for the disposition of the old shares; (b) the amount determined under paragraph 86(4)(a) in respect of the acquisition shall be added in computing the adjusted cost base to the taxpayer of the new share after the disposition. Eligible distribution not included in income (a) the amount of an eligible distribution received by a taxpayer shall not be included in computing the income of the taxpayer; and (b) subsection 52(2) does not apply to the eligible distribution received by the taxpayer.
For the purpose of this section, a distribution by a particular corporation that is received by a taxpayer is an eligible distribution if (a) the distribution is with respect to all of the taxpayer’s common shares of the capital stock of the particular corporation (in this section referred to as the “original shares”); (b) the distribution consists solely of common shares of the capital stock of another corporation that were owned by the particular corporation immediately before their distribution to the taxpayer (in this section referred to as the “spin-off shares”); (c) in the case of a distribution that is not prescribed, (i) at the time of the distribution, both corporations are resident in the United States and were never resident in Canada, (ii) at the time of the distribution, the shares of the class that includes the original shares are widely held and (A) are actively traded on a designated stock exchange in the United States, or (B) are required, under the Securities Exchange Act of 1934 of the United States, as amended from time to time, to be registered with the Securities and Exchange Commission of the United States and are so registered, and (iii) under the provisions of the Internal Revenue Code of 1986 of the United States, as amended from time to time, that apply to the distribution, the shareholders of the particular corporation who are resident in the United States are not taxable in respect of the distribution; (i) at the time of the distribution, both corporations are resident in the same country, other than the United States, with which Canada has a tax treaty (in this section referred to as the “foreign country”) and were never resident in Canada, (ii) at the time of the distribution, the shares of the class that includes the original shares are widely held and actively traded on a designated stock exchange, (iii) under the law of the foreign country, those shareholders of the particular corporation who are resident in that country are not taxable in respect of the distribution, and (iv) the distribution is prescribed subject to such terms and conditions as are considered appropriate in the circumstances; (e) before the end of the sixth month following the day on which the particular corporation first distributes a spin-off share in respect of the distribution, the particular corporation provides to the Minister information satisfactory to the Minister establishing (i) that, at the time of the distribution, the shares of the class that includes the original shares are shares described in subparagraph (c)(ii) or (d)(ii), (ii) that the particular corporation and the other corporation referred to in paragraph (b) were never resident in Canada, (iv) the type and fair market value of each property distributed to residents of Canada, (v) the name and address of each resident of Canada that received property with respect to the distribution, (vi) in the case of a distribution that is not prescribed, that the distribution is not taxable under the provisions of the Internal Revenue Code of 1986 of the United States, as amended from time to time, that apply to the distribution, (vii) in the case of a distribution that is prescribed, that the distribution is not taxable under the law of the foreign country, and (viii) such other matters that are required, in prescribed form; and (f) the taxpayer elects in writing filed with the taxpayer’s return of income for the taxation year in which the distribution occurs that this section apply to the distribution and provides information satisfactory to the Minister (i) of the number, cost amount (determined without reference to this section) and fair market value of the taxpayer’s original shares immediately before the distribution, (ii) of the number, and fair market value, of the taxpayer’s original shares and the spin-off shares immediately after the distribution of the spin-off shares to the taxpayer, (iii) except where the election is filed with the taxpayer’s return of income for the year in which the distribution occurs, concerning the amount of the distribution, the manner in which the distribution was reported by the taxpayer and the details of any subsequent disposition of original shares or spin-off shares for the purpose of determining any gains or losses from those dispositions, and (iv) of such other matters that are required, in prescribed form.
Where a spin-off share is distributed by a corporation to a taxpayer pursuant to an eligible distribution with respect to an original share of the taxpayer, (a) there shall be deducted for the purpose of computing the cost amount to the taxpayer of the original share at any time the amount determined by the formula A is the cost amount, determined without reference to this section, to the taxpayer of the original share at the time that is immediately before the distribution or, if the original share is disposed of by the taxpayer, before the distribution, at the time that is immediately before its disposition, B is the fair market value of the spin-off share immediately after its distribution to the taxpayer, and C is the total of (i) the fair market value of the original share immediately after the distribution of the spin-off share to the taxpayer, and (ii) the fair market value of the spin-off share immediately after its distribution to the taxpayer; and (b) the cost to the taxpayer of the spin-off share is the amount by which the cost amount of the taxpayer’s original share was reduced as a result of paragraph (a).
Dette en devise faible — définitions
For the purpose of calculating the value of the property described in an inventory of a taxpayer’s business, (a) an eligible distribution to the taxpayer of a spin-off share that is included in the inventory is deemed not to be an acquisition of property in the fiscal period of the business in which the distribution occurs; and (b) for greater certainty, the value of the spin-off share is to be included in computing the value of the inventory at the end of that fiscal period. Reassessments
date de l’échange En ce qui concerne la dette d’un contribuable qui est une dette en devise faible à un moment quelconque : a) si la dette est contractée ou prise en charge par le contribuable relativement à de l’argent emprunté libellé dans la devise utilisée pour gagner un revenu, la date à laquelle il la contracte ou la prend en charge; b) si la dette est contractée ou prise en charge par le contribuable relativement à de l’argent emprunté qui n’est pas libellé dans la devise utilisée pour gagner un revenu ou relativement à l’acquisition d’un bien, la date à laquelle il utilise l’argent emprunté ou le bien acquis, directement ou indirectement, pour acquérir des fonds libellés dans cette devise ou pour régler une obligation ainsi libellée. (exchange date) dette en devise faible S’agissant d’une dette en devise faible d’un contribuable à un moment donné, dette donnée en monnaie étrangère (appelée « devise faible » au présent article) contractée ou prise en charge par le contribuable à un moment (appelé « moment de l’engagement » au présent article) postérieur au 27 février 2000, relativement à un emprunt d’argent ou à une acquisition de bien, si les conditions suivantes sont réunies : a) selon le cas : (i) l’argent emprunté est libellé dans une devise (appelée « devise utilisée pour gagner un revenu » au présent article) autre que la devise faible et sert à tirer un revenu d’une entreprise ou d’un bien, mais non à acquérir des fonds dans une devise autre que la devise utilisée pour gagner un revenu, (ii) l’argent emprunté ou le bien acquis est utilisé, directement ou indirectement, pour acquérir des fonds libellés dans une devise (appelée « devise utilisée pour gagner un revenu » au présent article) autre que la devise faible et sert à tirer un revenu d’une entreprise ou d’un bien, mais non à acquérir des fonds dans une devise autre que la devise utilisée pour gagner un revenu, (iii) l’argent emprunté ou le bien acquis est utilisé, directement ou indirectement, pour régler une obligation libellée dans une devise (appelée « devise utilisée pour gagner un revenu » au présent article) autre que la devise faible, qui est contractée ou prise en charge pour tirer un revenu d’une entreprise ou d’un bien, mais non pour acquérir des fonds dans une devise autre que la devise utilisée pour gagner un revenu, (iv) l’argent emprunté ou le bien acquis est utilisé, directement ou indirectement, pour régler une autre dette du contribuable qui est une dette en devise faible à un moment quelconque relativement à laquelle la devise utilisée pour gagner un revenu (qui est réputée être la devise utilisée pour gagner un revenu relativement à la dette donnée) est une autre que celle de cette dette; b) le montant de la dette donnée (et de toute autre dette qui serait une dette en devise faible à un moment quelconque en l’absence du présent alinéa et qu’il est raisonnable de considérer comme ayant été contractée ou prise en charge par le contribuable à l’occasion d’une série d’opérations dans le cadre de laquelle la dette donnée a été contractée ou prise en charge) excède 500 000 $; c) selon le cas : (i) si le taux auquel les intérêts sont payables au moment donné dans la devise faible relativement à la dette donnée est déterminé selon une formule fondée sur la valeur d’un taux de référence (sauf celui dont la valeur est affectée de façon appréciable, ou établie, par le contribuable), le taux d’intérêt au moment de l’engagement, déterminé selon la formule comme si des intérêts étaient alors payables, excède de plus de deux points de pourcentage le taux auquel les intérêts auraient été payables à ce moment dans la devise utilisée pour gagner un revenu si, à la fois : (A) le contribuable, au moment de l’engagement, avait plutôt contracté ou pris en charge, dans la devise utilisée pour gagner un revenu, une dette égale (en dollars canadiens) aux modalités que celles de la dette donnée (à l’exception du taux d’intérêt, mais incluant la structure du calcul des intérêts comme la question de savoir si le taux est fixe ou variable), compte tenu des modifications qui nécessitent l’écart entre les devises, (B) des intérêts sur la dette équivalente mentionnée à la division (A) avaient été payables au moment de l’engagement, (ii) sinon, le taux auquel les intérêts sont payables au moment donné dans la devise faible relativement à la dette donnée excède de plus de deux points de pourcentage celui auquel les intérêts auraient été payables à ce moment dans la devise utilisée pour gagner un revenu si, au moment de l’engagement, le contribuable avait plutôt contracté ou pris en charge, dans la devise utilisée pour gagner un revenu, une dette équivalente selon les mêmes modalités que celles de la dette donnée (à l’exception du taux d’intérêt, mais incluant la structure du calcul des intérêts, comme la question de savoir si le taux est fixe ou variable), compte tenu des modifications que nécessite l’écart entre les devises. (weak currency debt) opération de couverture En ce qui concerne la dette d’un contribuable qui est une dette en devise faible à un moment quelconque, convention conclue par le contribuable et qui répond aux conditions suivantes : a) il est raisonnable de considérer que le contribuable l’a conclue principalement en vue de réduire le risque que présentent pour lui, en ce qui concerne les paiements de principal et d’intérêts de la dette, les fluctuations de la valeur de la devise faible; b) le contribuable indique qu’il s’agit d’une opération de couverture relative à la dette en devise faible dans le prescrit présenté au ministre au plus tard le trentième jour suivant le jour où il conclut la convention. (hedge) Intérêts et gains
Notwithstanding subsections 152(4) to (5), the Minister may make at any time such assessments, reassessments, determinations and redeterminations that are SUBDIVISION H Corporations Resident in Canada and their Shareholders necessary where information is obtained that the conditions in subparagraph (2)(c)(iii) or (d)(iii) are not, or are no longer, satisfied.
Malgré les autres dispositions de la présente loi, les règles ci-après s’appliquent à une dette donnée d’un contribuable (sauf une société visée à l’un ou plusieurs des alinéas a), b), c) et e) de la définition de institution financière déterminée au paragraphe 248(1)) qui est une dette en devise faible à un moment quelconque : a) aucune déduction au titre des intérêts qui courent sur la dette pour une période, commençant après le 30 juin 2000 ou, si elle est postérieure, la date de l’échange, au cours de laquelle elle est une dette en devise faible ne peut excéder les intérêts qui, si le contribuable avait plutôt contracté ou pris en charge, au moment de l’engagement, une dette équivalente — dont le principal et les intérêts sont libellés dans la devise utilisée pour gagner un revenu — selon les mêmes modalités que celles de la dette donnée (à l’exception du taux d’intérêt, mais incluant la structure du calcul des intérêts, comme la question de savoir si le taux est fixe ou variable), courraient sur la dette équivalente au cours de cette période, compte tenu des modifications que nécessite l’écart entre les devises; b) le profit ou la perte (appelés respectivement « profit sur change » et « perte sur change » au présent Hedges Definitions Transition year income inclusion reversal A × B/1825 where A − B where Cost of borrowed money a) dans le calcul de son revenu pour l’année et pour celles des trois années d’imposition précédentes qu’il a pu avoir, les alinéas 20(1)c), d), e) et e.1) ne s’appliquent pas à tout ou partie du montant qu’il a indiqué dans son choix et qui, sans un tel choix, serait déductible dans le calcul de son revenu, autre que du revenu exonéré, pour chacune de ces années relativement à l’argent emprunté et utilisé pour acquérir des biens amortissables ou à la somme payable pour ces biens; b) le montant ou la partie du montant, selon le cas, visé à l’alinéa a) est ajouté au coût en capital, pour lui, des biens amortissables qu’il a ainsi acquis. Argent emprunté pour exploration ou aménagement
(a) all of the property (except amounts receivable from any predecessor corporation or shares of the capital stock of any predecessor corporation) of the predecessor corporations immediately before the merger becomes property of the new corporation by virtue of the merger, (b) all of the liabilities (except amounts payable to any predecessor corporation) of the predecessor corporations immediately before the merger become liabilities of the new corporation by virtue of the merger, and (c) all of the shareholders (except any predecessor corporation), who owned shares of the capital stock of any predecessor corporation immediately before the merger, receive shares of the capital stock of the new corporation because of the merger, otherwise than as a result of the acquisition of property of one corporation by another corporation, pursuant to the purchase of that property by the other corporation or as a result of the distribution of that property to the other corporation on the winding-up of the corporation. Shares deemed to have been received by virtue of merger (1.1) For the purposes of paragraph 87(1)(c) and the Income Tax Application Rules, where there is a merger of (a) a corporation and one or more of its subsidiary wholly-owned corporations, or (b) two or more corporations each of which is a subsidiary wholly-owned corporation of the same corporation any shares of the capital stock of a predecessor corporation owned by a shareholder (except any predecessor corporation) immediately before the merger that were not cancelled on the merger shall be deemed to be shares of the capital stock of the new corporation received by the shareholder by virtue of the merger as consideration for the merger. the disposition of the shares of the capital stock of the predecessor corporations. New corporation continuation of a predecessor (1.2) Where there has been an amalgamation of corporations described in paragraph (1.1)(a) or of two or more corporations each of which is a subsidiary wholly-owned corporation of the same person, the new corporation is, for the purposes of section 29 of the Income Tax Application Rules, subsection 59.3(3) and sections 66, 66.1, 66.2, 66.21, 66.4 and 66.7, deemed to be the same corporation as, and a continuation of, each predecessor corporation, except that this subsection does not affect the determination of any predecessor corporation’s fiscal period, taxable income or tax payable. Definition of subsidiary wholly-owned corporation (1.4) Notwithstanding subsection 248(1), for the purposes of this subsection and subsections 87(1.1), 87(1.2) and 87(2.11), subsidiary wholly-owned corporation of a person (in this subsection referred to as the “parent”) means a corporation all of the issued and outstanding shares of the capital stock of which belong to (b) a corporation that is a subsidiary wholly-owned corporation of the parent; or (c) any combination of persons each of which is a person described in paragraph 87(1.4)(a) or 87(1.4)(b). (1.5) For the purpose of this section, financial institution, mark-to-market property and specified debt obligation have the meanings assigned by subsection 142.2(1).
Lorsque, au cours d’une année d’imposition, un contribuable a utilisé de l’argent emprunté pour l’exploration, l’aménagement ou l’acquisition d’un bien, que les dépenses qu’il a engagées relativement à ces activités représentent, selon le cas, des frais d’exploration et d’aménagement au Canada, des frais d’exploration au Canada, des frais d’aménagement au Canada, des frais relatifs à des ressources à l’étranger en rapport avec un pays ou des frais d’exploration et d’aménagement à l’étranger, et qu’il en fait le choix dans sa déclaration de revenu pour l’année, les règles suivantes s’appliquent : a) dans le calcul de son revenu pour l’année et pour celles des trois années d’imposition précédentes qu’il a pu avoir, les alinéas 20(1)c), d), e) et e.1) ne s’appliquent pas à tout ou partie du montant qu’il a indiqué dans son choix et qui, sans un tel choix, serait déductible dans le calcul de son revenu (sauf le revenu exonéré ou le revenu qui est exonéré de l’impôt prévu par la présente partie) pour chacune de ces années relativement à l’argent emprunté et utilisé pour l’exploration, l’aménagement ou l’acquisition d’un b) le montant ou la partie du montant, selon le cas, visé à l’alinéa a) est réputé, selon le cas, des frais d’exploration et d’aménagement au Canada, des frais d’exploration au Canada, des frais d’aménagement au Canada, des frais relatifs à des ressources à l’étranger en rapport avec un pays ou des frais d’exploration et d’aménagement à l’étranger, ou des frais de biens canadiens relatifs au pétrole et au gaz, qu’il a engagés au cours de l’année. Argent emprunté pour des biens amortissables
Where there has been an amalgamation of two or more corporations after 1971 the following rules apply (a) For the purposes of this Act, the corporate entity formed as a result of the amalgamation shall be deemed to be a new corporation the first taxation year of which shall be deemed to have commenced at the time of the amalgamation, and a taxation year of a predecessor corporation that would otherwise have ended after the amalgamation shall be deemed to have ended immediately before the amalgamation; (b) for the purpose of computing the income of the new corporation, where the property described in the inventory, if any, of the new corporation at the beginning of its first taxation year includes property that was described in the inventory of a predecessor corporation at the end of the taxation year of the predecessor corporation that ended immediately before the amalgamation (which taxation year of a predecessor corporation is referred to in this section as its “last taxation year”), the property so included shall be deemed to have been acquired by the new corporation at the beginning of its first taxation year for an amount determined in accordance with section 10 as the value thereof for the purpose of computing the income of the predecessor corporation for its last taxation year, except that where the income of the predecessor corporation for its last taxation year from a farming business was computed in accordance with the cash method, the amount so determined in respect of inventory owned in connection with that business shall be deemed to be the total of all amounts each of which is an amount included because of paragraph 28(1)(b) or 28(1)(c) in computing that income for that year and, where the income of the new corporation from a farming business is computed in accordance with the cash method, for the purpose of section 28, (i) an amount equal to that total shall be deemed to have been paid by the new corporation, and (ii) the new corporation shall be deemed to have purchased the property for an amount equal to that total, in its first taxation year and in the course of carrying on that business; Method adopted for computing income (c) in computing the income of the new corporation for a taxation year from a business or property (i) there shall be included any amount received or receivable (depending on the method followed by the new corporation in computing its income for that year) by it in that year that would, if it had been received or receivable (depending on the method followed by the predecessor corporation in computing its income for its last taxation year) by the predecessor corporation in its last taxation year, have been included in computing the income of the predecessor corporation for that year, and (ii) there may be deducted any amount paid or payable (depending on the method followed by the new corporation in computing its income for that SUBDIVISION H Corporations Resident in Canada and their Shareholders (i) where depreciable property of a prescribed class has been acquired by the new corporation from a predecessor corporation, the capital cost of the property to the new corporation shall be deemed to be the amount that was the capital cost of the property to the predecessor corporation, and (ii) in determining the undepreciated capital cost to the new corporation of depreciable property of a prescribed class at any time, (A) there shall be added to the capital cost to the new corporation of depreciable property of the class acquired before that time the cost amount, immediately before the amalgamation, to a predecessor corporation of each property included in that class by the new corporation, (B) there shall be subtracted from the capital cost to the new corporation of depreciable property of that class acquired before that time the capital cost to the new corporation of property of that class acquired by virtue of the amalgamation, (C) a reference in subparagraph 13(5)(b)(ii) to amounts that would have been deducted in respect of property in computing a taxpayer’s income shall be construed as including a reference to amounts that would have been deducted in respect of that property in computing a predecessor corporation’s income, and (D) where depreciable property that is deemed by subsection 37(6) to be a separate prescribed class has been acquired by the new corporation from a predecessor corporation, the property shall continue to be deemed to be of that same separate prescribed class; Depreciable property acquired from predecessor corporation (d.1) for the purposes of this Act, where depreciable property (other than property of a prescribed class) SUBDIVISION H Corporations Resident in Canada and their Shareholders has been acquired by the new corporation from a predecessor corporation, the new corporation shall be deemed to have acquired the property before 1972 at an actual cost equal to the actual cost of the property to the predecessor corporation, and the new corporation shall be deemed to have been allowed the total of all amounts allowed to the predecessor corporation in respect of the property, under regulations made under paragraph 20(1)(a), in computing the income of the predecessor corporation; (e) subject to paragraph 87(2)(e.4) and subsection 142.6(5), where a capital property (other than depreciable property or an interest in a partnership) has been acquired by the new corporation from a predecessor corporation, the cost of the property to the new corporation shall be deemed to be the amount that was the adjusted cost base of the property to the predecessor corporation immediately before the amalgamation; Partnership interest (e.1) where a partnership interest that is capital property has been acquired from a predecessor corporation to which the new corporation was related, for the purposes of this Act, the cost of that partnership interest to the new corporation shall be deemed to be the amount that was the cost of that interest to the predecessor corporation and, in respect of that partnership interest, the new corporation shall be deemed to be the same corporation as and a continuation of the predecessor corporation; (e.2) subject to paragraphs 87(2)(e.3) and 87(2)(e.4) and subsection 142.6(5), where a property that is a security or debt obligation (other than a capital property or an inventory) of a predecessor corporation used by it in the year in, or held by it in the year in the course of, carrying on the business of insurance or lending money in the taxation year ending immediately before the amalgamation has been acquired by the new corporation from the predecessor corporation, the cost of the property to the new corporation shall be deemed to be the amount that was the cost amount of the property to the predecessor corporation immediately before the amalgamation; (e.3) where the new corporation is a financial institution in its first taxation year, it shall be deemed, in respect of a specified debt obligation (other than a mark-to-market property) acquired from a predecessor corporation that was a financial institution in its last SUBDIVISION H Corporations Resident in Canada and their Shareholders taxation year, to be the same corporation as, and a continuation of, the predecessor corporation; (i) the new corporation is a financial institution in its first taxation year and a property acquired by the new corporation from a predecessor corporation is a mark-to-market property of the new corporation for the year, or (ii) a predecessor corporation was a financial institution in its last taxation year and a property acquired by the new corporation from the predecessor corporation was a mark-to-market property of the predecessor corporation for the year, the cost of the property to the new corporation shall be deemed to be the amount that was the fair market value of the property immediately before the amalgamation; (e.41) if subsection 10.1(6) applied to a predecessor corporation in its last taxation year, each eligible derivative (as defined in subsection 10.1(5)) of the predecessor corporation immediately before the end of its last taxation year is deemed to have been reacquired, or reissued or renewed, as the case may be, by the new corporation at its fair market value immediately before the amalgamation; (e.42) for the purposes of subsection 10.1(7), the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; (g) for the purpose of computing the income of the new corporation for a taxation year, (i) any amount that has been deducted as a reserve in computing the income of a predecessor corporation for its last taxation year shall be deemed to have been deducted as a reserve in computing the income of the new corporation for a taxation year immediately preceding its first taxation year, and (ii) any amount deducted under paragraph 20(1)(p) in computing the income of a predecessor corporation for its last taxation year or a previous taxation year shall be deemed to have been deducted under that paragraph in computing the income of the new corporation for a taxation year immediately preceding its first taxation year; (g.1) for the purposes of sections 12.4 and 26, subsection 97(3) and section 256.1, the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; Financial institution rules (g.3) for the purposes of applying subsections 13(21.2), 18(15) and 40(3.4) to any property that was disposed of by a predecessor corporation before the amalgamation, the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; (g.4) for the purpose of applying paragraph 40(3.5)(c) in respect of any share that was acquired by a predecessor corporation, the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; (g.5) for the purposes of section 135, the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; (g.6) for the purposes of section 125.7, the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation unless it is reasonable to consider that one of the main purposes of the amalgamation is to cause the new corporation to qualify for the deemed overpayment under any of subsections 125.7(2) to (2.2) or to increase the amount of that deemed overpayment; (g.7) for the purposes of subsections 6(2.2) and (2.3), the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; COVID-19 — air quality improvement tax credit (g.8) for the purposes of section 127.43, the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; (h) for the purpose of computing a deduction from the income of the new corporation for a taxation year under paragraph 20(1)(i), 20(1)(l) or 20(1)(p) (i) any debt owing to a predecessor corporation that was included in computing the income of the predecessor corporation for its last taxation year or a preceding taxation year, (ii) where a predecessor corporation was an insurer or a corporation the ordinary business of which included the lending of money, any loan or lending asset made or acquired by the predecessor corporation in the ordinary course of its business of insurance or the lending of money, or (iii) where a predecessor corporation was an insurer or a corporation the ordinary business of which included the lending of money, any instrument or commitment described in paragraph 20(1)(1) that was issued, made or assumed by the predecessor corporation in the ordinary course of its business of insurance or the lending of money, and that by reason of the amalgamation, has been acquired by the new corporation, shall be deemed to be a debt owing to the new corporation that was included in computing its income for a preceding taxation year, a loan or lending asset made or acquired or an instrument or commitment that was issued, made or assumed by the new corporation in a preceding taxation year in the ordinary course of its business of insurance or the lending of money, as the case may be; (h.1) for the purposes of section 61.4, the description of F in subsection 79(3), the definition forgiven amount in subsection 80(1), subsection 80.03(7) and section 80.04, the new corporation shall be deemed to be the same corporation as, and a continuation of, each predecessor corporation; (ii) for the purpose of computing a deduction from the income of the new corporation for a taxation year under paragraph 20(1)(m), any amount included in computing the income of a predecessor corporation from a business for its last taxation year or a previous taxation year in respect of property sold in the course of the business shall be deemed to have been included in computing the income of the new corporation from the business for a previous year in respect of that property; (j) for the purposes of paragraphs 20(1)(m), 20(1)(m.1) and 20(1)(m.2), subsection 20(24) and section 34.2, the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; (j.1) for the purposes of paragraph 20(1)(ii), an amount required by paragraph 12(1)(r) to be included in computing the income of a predecessor corporation for its last taxation year shall be deemed to be an amount required by paragraph 12(1)(r) to be included in computing the income of the new corporation for a taxation year immediately preceding its first taxation year; Prepaid expenses and matchable expenditures (j.2) for the purposes of subsections 18(9) and 18(9.01), section 18.1 and paragraph 20(1)(mm), the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; Employee benefit plans, etc. Accrual rules (j.4) for the purposes of subsections 12(3) and 12(9), section 12.2, subsection 20(19) and the definition of adjusted cost basis in subsection 148(9) of this Act, and subsections 12(5) and (6) and paragraph 56(1)(d.1) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, the new corporation shall be deemed to be the same corporation as, and a continuation of, each predecessor corporation; Cancellation of lease (j.5) for the purposes of paragraphs 20(1)(z) and 20(1)(z.1), the new corporation shall be deemed to be the same corporation as, and a continuation of, each predecessor corporation; (j.6) for the purposes of paragraphs 12(1)(t) and (x), subsections 12(2.2) and 13(7.1), (7.4) and (24), paragraphs 13(27)(b) and (28)(c), subsections 13(29) and 18(9.1), paragraphs 20(1)(e), (e.1), (v) and (hh), sections 20.1 and 32, paragraph 37(1)(c), subsection 39(13), subparagraphs 53(2)(c)(vi) and (h)(iii), paragraph 53(2)(s), subsections 53(2.1), 66(11.4), 66(7.11) and 84.1(2.31) and (2.32), section 110.1, subsection 127(10.2), section 139.1, subsection 152(4.3), the determination of D in the definition undepreciated capital cost in subsection 13(21), the determination of L in the definition cumulative Canadian exploration expense in subsection 66.1(6) and the definition qualifying business transfer in subsection 248(1), the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; Certain transfers and gifts (j.7) for the purposes of sections 74.4 and 74.5, the new corporation shall be deemed to be the same corporation as, and a continuation of, each predecessor corporation;
Dans le calcul du revenu d’un contribuable pour une année d’imposition donnée, lorsque celui-ci : Income Tax PART I Income Tax DIVISION B Computation of Income
(j.9) for the purpose of determining the amount deductible by the new corporation for any taxation year under section 125.3, the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation;
(a) in any preceding taxation year and Impôt sur le revenu
(j.91) for the purpose of determining the amount deductible under subsection 181.1(4) or 190.1(3) by the new corporation for any taxation year, the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation, except that this paragraph does not affect the determination of the fiscal period of any corporation or the tax payable by any corporation for any taxation year that ends before the amalgamation; (j.92) for the purposes of subsection 125(5.1) and the definition eligible corporation in subsection 157.1(1), the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; (j.94) For the purposes of sections 125.4 and 125.5, the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; Non-resident entities (j.95) For the purposes of sections 94 to 94.2, the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; Journalism organizations (j.96) For the purposes of section 125.6, the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; (j.97) For the purposes of subsection 110(0.1), paragraph 110(1)(e) and subsection 110(1.3), the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; (k) For the purpose of subsection 6(3), any amount received by a person from the new corporation that would, if received by the person from a predecessor corporation, be deemed for the purpose of section 5 to be remuneration for that person’s services rendered as an officer or during a period of employment, shall be deemed for the purposes of section 5 to be remuneration for services so rendered by the person; Scientific research and experimental development (l) For the purposes of section 37 and Part VIII, the new corporation shall be deemed to be the same corporation as, and a continuation of, each predecessor corporation; (l.1) For the purposes of this paragraph, paragraph 87(2)(l.2) and section 37.1, SUBDIVISION H Corporations Resident in Canada and their Shareholders (i) the base period for a particular taxation year of a new corporation that has fewer than 3 preceding taxation years shall be deemed to be the period (A) commencing on the day that (I) is the earliest of all days each of which is a day immediately before the commencement of a taxation year of a predecessor corporation in respect of the new corporation that ended after 1976, and (II) is in the 3 year period ending on the day immediately before the commencement of the particular year, and (B) ending immediately before the first day of the particular taxation year, (A) in determining the qualified expenditures made by the new corporation in its base period, there shall be included the total of all amounts each of which is the qualified expenditure made by a predecessor corporation in a taxation year that commenced in the base period of the new corporation, and (B) in determining the total of the amounts paid to the new corporation by persons referred to in subparagraphs (b)(i) to (iii) of the definition «expenditure base» in subsection 37.1(5) in its base period, there shall be included the total of all such amounts paid to a predecessor corporation by a person referred to in those subparagraphs in a taxation year that commenced in the base period of the new corporation, (iii) the capital cost to the new corporation of any property that was a research property of a predecessor corporation acquired by it from the predecessor corporation shall be deemed to be the capital cost thereof to the predecessor corporation and the property shall be deemed to be a research property of the new corporation, and (iv) each amount determined in respect of the new corporation under subparagraph 37.1(3)(b)(i) or 37.1(3)(b)(iii), as the case may be, shall be deemed to be the total of the amount otherwise determined and the total of amounts each of which is the amount determined under subparagraph 37.1(3)(b)(i) or 37.1(3)(b)(iii), as the case may be, in respect of a predecessor corporation; Definition of predecessor corporation (1.2) For the purposes of this paragraph and paragraph 87(2)(1.1), predecessor corporation includes any corporation in respect of which a predecessor corporation was a new corporation; (1.21) For the purposes of section 61.3, the definition unrecognized loss in subsection 80(1) and subsection 80.01(10), the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; (1.3) Where before the amalgamation property of a predecessor corporation was unlawfully taken, lost, destroyed or taken under statutory authority, or was a former business property of the predecessor corporation, for the purposes of applying sections 13 and 44 and the definition former business property in subsection 248(1) to the new corporation in respect of the property and any replacement property acquired therefor, the new corporation shall be deemed to be the same corporation as, and a continuation of, the predecessor corporation; Subsection 13(4.2) election (1.4) For the purposes of subsection 13(4.3) and paragraph 20(16.1)(b), the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; (1.5) For the purposes of section 143.4, the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; (m) For the purpose of computing the income of the new corporation for a taxation year, any amount claimed under subparagraph 40(1)(a)(iii) or 44(1)(e)(iii) in computing a predecessor corporation’s gain for its last taxation year from the disposition of any property shall be deemed (i) to have been claimed under subparagraph 40(1)(a)(iii) or 44(1)(e)(iii), as the case may be, in computing the new corporation’s gain for a taxation year immediately preceding its first taxation year from the disposition of that property by it before its first taxation year, and (ii) to be the amount determined under subparagraph 40(1)(a)(iii) or 44(1)(e)(iii), as the case may be, in respect of that property; Gift of non-qualifying security (m.1) for the purpose of computing the new corporation’s gain under subsection 40(1.01) for any taxation year from the disposition of a property, the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; (m.2) for the purpose of computing the fair market value of property under subsection 248(35), the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; Outlays made pursuant to warranty (n) for the purpose of section 42, any outlay or expense made or incurred by the new corporation in a taxation year pursuant to or by virtue of an obligation described in that section incurred by a predecessor corporation, that would, if the outlay or expense had been made or incurred by the predecessor corporation in that year, have been deemed to be a loss of the predecessor corporation for that year from the disposition of a capital property shall be deemed to be a loss of the new corporation for that year from the disposition of a capital property; Expiration of options previously granted (i) any option granted by a predecessor corporation that expires after the amalgamation is deemed to have been granted by the new corporation, and any proceeds received by the predecessor corporation for the granting of the option is deemed to have been received by the new corporation, (ii) any person to whom the option was granted who was not dealing at arm’s length with the predecessor corporation at the time that the option was granted is deemed to have been dealing with the new corporation not at arm’s length at the time that the option was granted, and (iii) any person to whom the option was granted who was dealing at arm’s length with the predecessor corporation at the time that the option was granted is deemed to have been dealing with the new corporation at arm’s length at the time that the option was granted; Consideration for resource property disposition (p) for the purpose of computing a deduction from the income of the new corporation for a taxation year under section 64 of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, any amount that has been included in computing the income of a predecessor corporation for its last taxation year or a previous taxation year by reason of subsection 59(1) or paragraph 59(3.2)(c) of this Act, of subsection 59(3) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, or of subsection 83A(5ba) or (5c) of that Act as read in its application to a taxation year before the 1972 taxation year, shall be deemed to have been included in computing the income of the new corporation for a previous year by virtue thereof; Registered plans (q) for the purposes of sections 147, 147.1 and 147.2 and any regulations made under subsection 147.1(18), the new corporation shall be deemed to be the same corporation as, and a continuation of, each predecessor corporation; Employees profit sharing plan (r) an election made under subsection 144(10) by a predecessor corporation is deemed to be an election made by the new corporation; Tax deferred cooperative shares (s) for the purposes of section 135.1, if the new corporation is, at the beginning of its first taxation year, an agricultural cooperative corporation (within the meaning assigned by subsection 135.1(1)), (i) the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation that was an agricultural cooperative corporation at the end of the predecessor corporation’s last taxation year, and (ii) if, on the amalgamation, the new corporation issues a share (in this subparagraph and subsection 135.1(10) referred to as the “new share”) that is described in all of paragraphs (b) to (d) of the definition tax deferred cooperative share in subsection 135.1(1) to a taxpayer in exchange for a share of a predecessor corporation (in this subparagraph and subsection 135.1(10) referred to as the “old share”) that was, at the end of the predecessor corporation’s last taxation year, a tax deferred cooperative share within the meaning assigned by that definition, and the amount of paid-up capital, and the amount, if any, that the taxpayer is entitled to receive on a redemption, acquisition or cancellation, of the new share are equal to those amounts, respectively, in respect of the old share, subsection 135.1(10) applies in respect of the exchange; Deemed SIFT wind-up corporation (s.1) if a predecessor corporation was a SIFT wind-up corporation immediately before the amalgamation, SUBDIVISION H Corporations Resident in Canada and their Shareholders the new corporation is deemed to be a SIFT wind-up corporation. Pre-1972 capital surplus on hand (t) for the purpose of subsection 88(2.1), any capital property owned by a predecessor corporation on December 31, 1971 that was acquired by the new corporation by virtue of the amalgamation shall be deemed to have been acquired by the new corporation before 1972 at an actual cost to it equal to the actual cost of the property to the predecessor corporation; Shares of foreign affiliate (u) where one or more shares of the capital stock of a foreign affiliate of a predecessor corporation have, by virtue of the amalgamation, been acquired by the new corporation and as a result of the acquisition the affiliate has become a foreign affiliate of the new corporation, (i) for the purposes of subsection 91(5) and paragraph 92(1)(b), any amount required by section 92 to be added or deducted, as the case may be, in computing the adjusted cost base of any such share to the predecessor corporation before the amalgamation shall be deemed to have been required to be added or deducted, as the case may be, in computing the adjusted cost base of the share to the new corporation, and (ii) for the purposes of subsections 93(2.01), (2.11), (2.21) and (2.31), any exempt dividend received by the predecessor corporation on any such share is deemed to be an exempt dividend received by the new corporation on the share; (v) for the purposes of section 110.1, the new corporation shall be deemed to be the same corporation as, and a continuation of, each predecessor corporation with respect to gifts; (i) any taxable dividend received on a share that was deductible from the predecessor corporation’s income for a taxation year under section 112 or subsection 138(6) is deemed to be a taxable dividend received on the share by the new corporation that was deductible from the new corporation’s income under section 112 or subsection 138(6), as the case may be, (ii) any dividend (other than a taxable dividend) received on a share by the predecessor corporation is SUBDIVISION H Corporations Resident in Canada and their Shareholders deemed to have been received on the share by the new corporation, and (iii) a share acquired by the new corporation from a predecessor corporation is deemed to have been owned by the new corporation throughout any period of time throughout which it was owned by a predecessor corporation; (y) for the purposes of subsections 84(1) and 84(10), the new corporation shall be deemed to be the same corporation as, and a continuation of, each predecessor corporation; Foreign tax carryover (z) for the purposes of determining the new corporation’s unused foreign tax credit (within the meaning of subsection 126(7)) in respect of a country for any taxation year and determining the extent to which subsection 126(2.3) applies to reduce the amount that may be claimed by the new corporation under paragraph 126(2)(a) in respect of an unused foreign tax credit in respect of a country for a taxation year, the new corporation shall be deemed to be the same corporation as, and a continuation of, each predecessor corporation, except that this paragraph shall in no respect affect the determination of (i) the fiscal period of the new corporation or any of its predecessor corporations, or (ii) the tax payable under this Act by any predecessor corporation; (z.1) for the purposes of computing the capital dividend account of the new corporation, it shall be deemed to be the same corporation as, and a continuation of, each predecessor corporation, other than a predecessor corporation to which subsection 83(2.1) would, if a dividend were paid immediately before the amalgamation and an election were made under subsection 83(2) in respect of the full amount of that dividend, apply to deem any portion of the dividend to be paid by the predecessor corporation as a taxable dividend; Application of Parts III and III.1 (z.2) for the purposes of Parts III and III.1, the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; (aa) if the new corporation was a private corporation immediately after the amalgamation, the following rules apply: (i) for the purpose of computing the **eligible refundable dividend tax on hand** and **non-eligible refundable dividend tax on hand** (as defined in subsection 129(4)) of the new corporation at the end of its first taxation year there shall be added to the total determined under those definitions in respect of the new corporation for the year (A) in respect of the new corporation’s eligible refundable dividend tax on hand, the total of all amounts each of which is the amount, if any, by which the eligible refundable dividend tax on hand of a predecessor corporation at the end of its last taxation year exceeds the total of all amounts each of which is the portion, if any, of its dividend refund for its last taxation year from its eligible refundable dividend tax on hand determined under subparagraph 129(1)(a)(i) or clause 129(1)(a)(ii)(B), and (B) in respect of the new corporation’s non-eligible refundable dividend tax on hand, the total of all amounts each of which is the amount, if any, by which the non-eligible refundable dividend tax on hand of a predecessor corporation at the end of its last taxation year exceeds the portion, if any, of its dividend refund for its last taxation year from its non-eligible refundable dividend tax on hand determined under clause 129(1)(a)(ii)(A), and (ii) no amount shall be added under this paragraph in respect of a predecessor corporation (A) that was not a private corporation at the end of its last taxation year, or (B) where subsection 129(1.2) would have applied to deem a dividend paid by the predecessor corporation immediately before the amalgamation not to be a taxable dividend for the purpose of subsection 129(1); Mutual fund and investment corporations (bb) where the new corporation is a mutual fund corporation or an investment corporation, there shall be added to (i) the amount determined under each of paragraphs (a) and (b) of the definition **capital gains dividend account** in subsection 131(6), and (ii) the values of A and B in the definition refundable capital gains tax on hand in that subsection in respect of the new corporation at any time the amounts so determined and the values of those factors immediately before the amalgamation in respect of each predecessor corporation that was, immediately before the amalgamation, a mutual fund corporation or an investment corporation; Flow-through entities (bb.1) where a predecessor corporation was, immediately before the amalgamation, an investment corporation, a mortgage investment corporation or a mutual fund corporation and the new corporation is an investment corporation, a mortgage investment corporation or a mutual fund corporation, as the case may be, for the purpose of section 39.1, the new corporation is deemed to be the same corporation as, and a continuation of, the predecessor corporation; Non-resident-owned investment corporation (cc) in the case of a new corporation that is a non-resident-owned investment corporation, (i) for the purpose of computing its allowable refundable tax on hand (within the meaning assigned by subsection 133(9)) at any time, where a predecessor corporation had allowable refundable tax on hand immediately before the amalgamation, the amount thereof shall be added to the total determined for A in the definition allowable refundable tax on hand in subsection 133(9), (ii) for the purpose of computing its capital gains dividend account (within the meaning assigned by subsection 133(8)) at any time, where a predecessor corporation had an amount in its capital gains dividend account immediately before the amalgamation, that amount shall be added to the amount determined under paragraph (a) of the description of A in the definition capital gains dividend account in subsection 133(8), and (iii) for the purpose of computing its cumulative taxable income (within the meaning assigned by subsection 133(9)) at any time, where a predecessor corporation had cumulative taxable income immediately before the amalgamation, the amount thereof shall be added to the total determined for A in the definition cumulative taxable income in subsection 133(9); Public corporation new corporation shall be deemed to have been a public corporation at the commencement of its first taxation year; (ii) for the purposes of paragraph 81(1)(m), the new corporation shall be deemed to be the same corporation as, and a continuation of, each predecessor corporation; Disposition of shares of controlled corporation (i) where a corporation was controlled, directly or indirectly in any manner whatever, by a predecessor corporation immediately before the amalgamation and has, by reason of the amalgamation, become controlled, directly or indirectly in any manner whatever, by the new corporation, the new corporation shall be deemed to have acquired control of the corporation so controlled at the time control thereof was acquired by the predecessor corporation, and (ii) where a predecessor corporation was immediately before the amalgamation controlled, directly or indirectly in any manner whatever, by a corporation that, immediately after the amalgamation, controlled, directly or indirectly in any manner whatever, the new corporation, the new corporation shall be deemed to be the same corporation as, and a continuation of, each predecessor corporation; (ll) notwithstanding any other provision of this Act, where any property was disposed of by a predecessor corporation, the new corporation shall, in computing (i) the amount of any deduction under paragraph 20(1)(n) as a reserve in respect of the property sold in the course of business, and (ii) the amount of its claim under subparagraph 40(1)(a)(iii) or 44(1)(e)(iii) in respect of the disposition of the property, be deemed to be the same corporation as, and a continuation of, the predecessor corporation; Refundable Part VII tax on hand (nn) for the purpose of computing the refundable Part VII tax on hand of the new corporation at the end of SUBDIVISION H Corporations Resident in Canada and their Shareholders any taxation year, there shall be added to the total determined under paragraph 192(3)(a) the total of all amounts each of which is the amount, if any, by which (i) a predecessor corporation’s refundable Part VII tax on hand at the end of its last taxation year (ii) the predecessor corporation’s Part VII refund for its last taxation year; Refundable investment tax credit and balance-due day (oo.1) for the purpose of applying the definition qualifying corporation in subsection 127.1(2), and subparagraph (d)(i) of the definition balance-due day in subsection 248(1), to any corporation, the new corporation is deemed to have had (i) a particular taxation year that (A) where it was associated with another corporation in the new corporation’s first taxation year, ended in the calendar year that precedes the calendar year in which that first year ends, and (B) where clause 87(2)(oo.1)(i)(A) does not apply, immediately precedes that first year, (ii) taxable income for the particular year (determined before taking into consideration the specified future tax consequences for the particular year) equal to the total of all amounts each of which is a predecessor corporation’s taxable income for its taxation year that ended immediately before the amalgamation (determined before taking into consideration the specified future tax consequences for that year), (iii) a business limit for the particular year equal to the total of all amounts each of which is a predecessor corporation’s business limit for its taxation year that ended immediately before the amalgamation, (iv) a qualifying income limit for the particular year equal to the total of all amounts each of which is a predecessor corporation’s qualifying income limit for its taxation year that ended immediately before the amalgamation; Cumulative offset account computation (pp) for the purpose of computing the cumulative offset account (within the meaning assigned by subsection 66.5(2)) of the new corporation at any time, there shall be added to the total otherwise determined under paragraph 66.5(2)(a) the total of all amounts each of which is the amount, if any, by which (i) a predecessor corporation’s cumulative offset account at the end of its last taxation year (ii) the amount deducted under subsection 66.5(1) in computing the predecessor corporation’s income for its last taxation year; (qq) for the purpose of computing the new corporation’s investment tax credit at the end of any taxation year, the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation, except that this paragraph does not affect the determination of the fiscal period of any corporation or the tax payable by any predecessor corporation; (qq.1) for the purposes of sections 127.44, 127.45, 127.48 and 127.49 and Part XII.7, the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; Tax on taxable preferred shares Transferred liability for Part VI.1 tax (ss) for the purposes of section 191.3, the new corporation shall be deemed to be the same corporation as, and a continuation of, each predecessor corporation; Livestock — inclusion of deferred amount (tt) for the purposes of subsections 80.3(3) and 80.3(5), the new corporation shall be deemed to be the same corporation as, and a continuation of, each predecessor corporation; (uu) for the purposes of paragraph 12(1)(x.1), the description of D.1 in the definition non-capital loss in subsection 111(8), and subsections 111(10) and 111(11), the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; General rate income pool (vv) if the new corporation is a Canadian-controlled private corporation or a deposit insurance corporation in its first taxation year, in computing its general rate income pool at the end of that first taxation year there shall be added the total of all amounts determined under subsection 89(9) in respect of the corporation for that first taxation year; Low rate income pool (ww) if the new corporation is neither a Canadian-controlled private corporation nor a deposit insurance corporation in its first taxation year, there shall be added in computing its low rate income pool at any time in that first taxation year the total of all amounts determined under subsection 89(9) in respect of the corporation for that first taxation year; and (xx) for the purposes of Part VI.2, the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation. Non-capital losses, etc., of predecessor corporations (2.1) Where there has been an amalgamation of two or more corporations, for the purposes only of (a) determining the new corporation’s non-capital loss, net capital loss, restricted farm loss, farm loss, limited partnership loss or restricted interest and financing expense, as the case may be, for any taxation year, (a.1) determining, for any taxation year, the new corporation’s absorbed capacity, excess capacity and transferred capacity in determining its cumulative unused excess capacity for a taxation year, and (b) determining the extent to which subsections 111(3) to (5.4) and paragraph 149(10)(c) apply to restrict the deductibility by the new corporation of any non-capital loss, net capital loss, restricted farm loss, farm loss, limited partnership loss or restricted interest and financing expense, as the case may be, the new corporation shall be deemed to be the same corporation as, and a continuation of, each predecessor corporation, except that this subsection shall in no respect affect the determination of SUBDIVISION H Corporations Resident in Canada and their Shareholders (c) the fiscal period of the new corporation or any of its predecessors, (d) the income of the new corporation (other than as a result of an amount of interest and financing expenses being deductible by the new corporation because of paragraph (a.1)) or any of its predecessors, or (e) the taxable income of, or the tax payable under this Act by, any predecessor corporation. (2.11) Where a new corporation is formed by the amalgamation of a particular corporation and one or more of its subsidiary wholly-owned corporations, the new corporation is deemed to be the same corporation as, and a continuation of, the particular corporation for the purposes of applying sections 111 and 126, subsections 127(5) to 127(26) and 181.1(4) to 181.1(7), Part IV and subsections 190.1(3) to 190.1(6) in respect of the particular corporation. Adjusted taxable income — non-capital losses (2.12) Where there has been an amalgamation of two or more corporations, for the purpose of determining the amount for paragraph (h) in the description of B in the definition adjusted taxable income in subsection 18.2(1) in respect of an amount deducted by the new corporation under paragraph 111(1)(a) in computing its taxable income for a taxation year, the new corporation is deemed to be the same corporation as, and a continuation of, a particular predecessor corporation if it may reasonably be considered that (a) the amount deducted is in respect of all or any portion of a non-capital loss for another taxation year; and (b) the non-capital loss or the portion of the non-capital loss, as the case may be, is a non-capital loss of the particular predecessor corporation for the other taxation year. (2.2) Where there has been an amalgamation and one or more of the predecessor corporations was an insurer, the new corporation is, notwithstanding subsection (2), deemed, for the purposes of paragraphs 12(1)(d), (e), SUBDIVISION H Corporations Resident in Canada and their Shareholders Quebec credit unions (2.3) For the purpose of applying this section to an amalgamation governed by section 689 of An Act respecting financial services cooperatives, R.S.Q., c. C-67.3, an investment deposit of a credit union is deemed to be a share of a separate class of the capital stock of a predecessor corporation in respect of the amalgamation the adjusted cost base and paid up capital of which to the credit union is equal to the adjusted cost base to the credit union of the investment deposit immediately before the amalgamation if (a) immediately before the amalgamation, the investment deposit is an investment deposit to which section 425 of the Savings and Credit Unions Act, R.S.Q., c. C-4.1, applies to the investment fund of that predecessor corporation; and (b) on the amalgamation the credit union disposes of the investment deposit in consideration for shares solely of shares of a class of the capital stock of the new corporation.
Subject to subsection 87(3.1), where there is an amalgamation or a merger of 2 or more Canadian corporations, in computing at any particular time the paid-up capital in respect of any particular class of shares of the capital stock of the new corporation, (a) there shall be deducted that proportion of the amount, if any, by which the paid-up capital, determined without reference to this subsection, in respect of all of the shares of the capital stock of the new corporation immediately after the amalgamation or merger exceeds the total of all amounts each of which is the paid-up capital in respect of a share (except a share held by any other predecessor corporation) of the capital stock of a predecessor corporation immediately before the amalgamation or merger, that (i) the paid-up capital, determined without reference to this subsection, of the particular class of shares of the capital stock of the new corporation immediately after the amalgamation or merger is of (ii) the paid-up capital, determined without reference to this subsection, in respect of all of the issued and outstanding shares of the capital stock of the new corporation immediately after the amalgamation or merger; and (b) there shall be added an amount equal to the lesser of (i) the amount, if any, by which (A) the total of all amounts each of which is an amount deemed by subsection 84(3), 84(4) or 84(4.1) to be a dividend on shares of the particular class paid by the new corporation before the particular time (B) the total that would be determined under clause 87(3)(b)(i)(A) if this Act were read without reference to paragraph 87(3)(a), and (ii) the amount required by paragraph 87(3)(a) to be deducted in computing the paid-up capital of shares of the particular class. (a) there is an amalgamation of 2 or more corporations, (b) all of the issued shares, immediately before the amalgamation, of each class of shares (other than a class of shares all of the issued shares of which were cancelled on the amalgamation) of the capital stock of each predecessor corporation (in this subsection referred to as the “exchanged class”) are converted into all of the issued shares, immediately after the amalgamation, of a separate class of shares of the capital stock of the new corporation (in this subsection referred to as the “substituted class”), (c) immediately after the amalgamation, the number of shareholders of each substituted class, the number of shares of each substituted class owned by each shareholder, the number of issued shares of each substituted class, the terms and conditions of each share of a substituted class, and the paid-up capital of each substituted class determined without reference to the provisions of this Act are identical to the number of shareholders of the exchanged class from which the substituted class was converted, the number of shares of each such exchanged class owned by each shareholder, the number of issued shares of each such exchanged class, the terms and conditions of each share of such exchanged class, and the paid-up capital of SUBDIVISION H Corporations Resident in Canada and their Shareholders each such exchanged class determined without reference to the provisions of this Act, respectively, immediately before the amalgamation, and (d) the new corporation elects in its return of income filed in accordance with section 150 for its first taxation year to have the provisions of this subsection apply, for the purpose of computing at any particular time the paid-up capital in respect of any particular class of shares of the capital stock of the new corporation, (e) subsection 87(3) does not apply in respect of the amalgamation, and (f) each substituted class shall be deemed to be the same as, and a continuation of, the exchanged class from which it was converted. Shares of predecessor corporation
Where there has been an amalgamation of two or more corporations after May 6, 1974, each shareholder (except any predecessor corporation) who, immediately before the amalgamation, owned shares of the capital stock of a predecessor corporation (in this subsection referred to as the “old shares”) that were capital property to the shareholder and who received no consideration for the disposition of those shares on the amalgamation, other than shares of the capital stock of the new corporation (in this subsection referred to as the “new shares”), shall be deemed (a) to have disposed of the old shares for proceeds equal to the total of the adjusted cost bases to the shareholder of those shares immediately before the amalgamation, and (b) to have acquired the new shares of any particular class of the capital stock of the new corporation at a cost to the shareholder equal to that proportion of the proceeds described in paragraph 87(4)(a) that (i) the fair market value, immediately after the amalgamation, of all new shares of that particular class so acquired by the shareholder, is of (ii) the fair market value, immediately after the amalgamation, of all new shares so acquired by the shareholder, except that, where the fair market value of the old shares immediately before the amalgamation exceeds the fair market value of the new shares immediately after the amalgamation and it is reasonable to regard any portion of the excess (in this subsection referred to as the "gift portion") as a benefit that the shareholder desired to have conferred on a person related to the shareholder, the following rules apply: (c) the shareholder shall be deemed to have disposed of the old shares for proceeds of disposition equal to the lesser of (i) the total of the adjusted cost bases to the shareholder, immediately before the amalgamation, of the old shares and the gift portion, and (ii) the fair market value of the old shares immediately before the amalgamation, (e) the cost to the shareholder of any new shares of any class of the capital stock of the new corporation acquired by the shareholder on the amalgamation shall be deemed to be that proportion of the lesser of (i) the total of the adjusted cost bases to the shareholder, immediately before the amalgamation, of the old shares, and (ii) the total of the fair market value, immediately after the amalgamation, of all new shares so acquired by the shareholder and the amount that, but for paragraph 87(4)(d), would have been the shareholder's capital loss from the disposition of the old shares (iii) the fair market value, immediately after the amalgamation, of the new shares of that class so acquired by the shareholder is of (iv) the fair market value, immediately after the amalgamation, of all new shares so acquired by the shareholder, and where the old shares were taxable Canadian property of the shareholder, the new shares are deemed to be, at any time that is within 60 months after the amalgamation, taxable Canadian property of the shareholder. Exchanged shares (4.1) For the purposes of the definition term preferred share in subsection 248(1), where there has been an amalgamation of two or more corporations after November 16, 1978 and a share of any class of the capital stock of the new corporation (in this subsection referred to as the “new share”) was issued in consideration for the disposition of a share of any class of the capital stock of a predecessor corporation (in this subsection referred to as the “exchanged share”) and the terms and conditions of the new share were the same as, or substantially the same as, the terms and conditions of the exchanged share, (a) the new share shall be deemed to have been issued at the time the exchanged share was issued; (b) if the exchanged share was issued under an agreement in writing, the new share shall be deemed to have been issued under that agreement; and (c) the new corporation shall be deemed to be the same corporation as, and a continuation of, each such predecessor corporation. (4.2) Where there has been an amalgamation or merger of two or more corporations after November 27, 1986 and a share of any class of the capital stock of the new corporation (in this subsection referred to as the “new share”) was issued to a shareholder in consideration for the disposition of a share by that shareholder of any class of the capital stock of a predecessor corporation (in this subsection referred to as the “exchanged share”) and the terms and conditions of the new share were the same as, or substantially the same as, the terms and conditions of the exchanged share, for the purposes of applying the provisions of this subsection, subsections 112(2.2) and 112(2.4), Parts IV.1 and VI.1, section 258 and the definitions grandfathered share, short-term preferred share, taxable preferred share and taxable RFI share in subsection 248(1) to the new share, the following rules apply: (a) the new share shall be deemed to have been issued at the time the exchanged share was issued; (b) where the exchanged share was a share described in paragraph (a), (b), (c) or (d) of the definition grandfathered share in subsection 248(1), the new share shall be deemed to be the same share as the exchanged share for the purposes of that definition; (c) the new share shall be deemed to have been acquired by the shareholder at the time the exchanged share was acquired by the shareholder; (e) an election made under subsection 191.2(1) by a predecessor corporation with respect to the class of shares of its capital stock to which the exchanged share belonged shall be deemed to be an election made by the new corporation with respect to the class of shares of its capital stock to which the new share belongs; and (i) for the purposes of subparagraphs 191(4)(d)(i) and 191(4)(e)(i), the new share shall be deemed to have been issued for the same consideration as that for which the exchanged share was issued and to have been issued for the purpose for which the exchanged share was issued, (ii) for the purposes of subparagraphs 191(4)(d)(ii) and 191(4)(e)(ii), the new share shall be deemed to be the same share as the exchanged share and to have been issued for the purpose for which the exchanged share was issued, and (iii) where the shareholder received no consideration for the disposition of the exchanged share other than the new share, for the purposes of subsection 191(4), (A) in the case of an exchanged share to which subsection 191(4) applies because of paragraph 191(4)(a), the new share shall be deemed to have been issued for consideration having a fair market value equal to the consideration for which the exchanged share was issued, and (B) in the case of an exchanged share to which subsection 191(4) applies because of an event described in paragraph 191(4)(b) or 191(4)(c), the consideration for which the new share was issued shall be deemed to have a fair market value equal to the fair market value of the exchanged share immediately before the time that event occurred. Exchanged rights (4.3) Where there has been an amalgamation or merger of two or more corporations after June 18, 1987 and a right listed on a designated stock exchange to acquire a share of any class of the capital stock of the new corporation (in this subsection referred to as the “new right”) was acquired by a shareholder in consideration for the disposition of a right described in paragraph (d) of the definition **grandfathered share** in subsection 248(1) to acquire a share of any class of the capital stock of a predecessor corporation (in this subsection referred to as the "exchanged right"), the new right shall be deemed to be the same right as the exchanged right for the purposes of paragraph (d) of the definition **grandfathered share** in subsection 248(1) where the terms and conditions of the new right were the same as, or substantially the same as, the terms and conditions of the exchanged right and the terms and conditions of the share receivable on an exercise of the new right were the same as, or substantially the same as, the terms and conditions of the share that would have been received on an exercise of the exchanged right. (a) there is an amalgamation of two or more corporations each of which is a principal-business corporation (within the meaning assigned by subsection 66(15)) or a corporation that at no time carried on business, (b) a predecessor corporation entered into an agreement with a person at a particular time for consideration given by the person to the predecessor corporation, (c) for the consideration under the agreement (i) a share (in this subsection referred to as the "old share") of the predecessor corporation that was a flow-through share (other than a right to acquire a share) was issued to the person before the amalgamation, or (ii) a right was issued to the person before the amalgamation to acquire a share that would, if it were issued, be a flow-through share, and (i) issues, on the amalgamation and in consideration for the disposition of the old share, a share (in this subsection referred to as a "new share") of any class of its capital stock to the person (or to any person or partnership that subsequently acquired the old share) and the terms and conditions of the new share are the same as, or substantially the same as, the terms and conditions of the old share, (ii) is, because of the right referred to in subparagraph (c)(ii), obliged after the amalgamation to SUBDIVISION H Corporations Resident in Canada and their Shareholders issue to the person a share of any class of the new corporation’s capital stock that would, if it were issued, be a flow-through share, for the purposes of subsection 66(12.66) and Part XII.6 and for the purposes of renouncing an amount under subsection 66(12.6), 66(12.601) or 66(12.62) in respect of Canadian exploration expenses or Canadian development expenses that would, but for the renunciation, be incurred by the new corporation after the amalgamation, (e) the person shall be deemed to have given the consideration under the agreement to the new corporation for the issue of the new share, (f) the agreement shall be deemed to have been entered into between the new corporation and the person at the particular time, (g) the new share shall be deemed to be a flow-through share of the new corporation, and (h) the new corporation shall be deemed to be the same corporation as, and a continuation of, the predecessor corporation. Options to acquire shares of predecessor corporation
Where there has been an amalgamation of two or more corporations after May 6, 1974, each taxpayer (except any predecessor corporation) who immediately before the amalgamation owned a capital property that was an option to acquire shares of the capital stock of a predecessor corporation (in this subsection referred to as the “old option”) and who received no consideration for the disposition of that option on the amalgamation, other than an option to acquire shares of the capital stock of the new corporation (in this subsection referred to as the “new option”), shall be deemed (a) to have disposed of the old option for proceeds equal to the adjusted cost base to the taxpayer of that option immediately before the amalgamation, and (b) to have acquired the new option at a cost to the taxpayer equal to the proceeds described in paragraph 87(5)(a), and where the old option was taxable Canadian property of the taxpayer, the new option is deemed to be, at any time that is within 60 months after the amalgamation, taxable Canadian property of the taxpayer. (5.1) Where the cost to a taxpayer of a new option is determined at any time under subsection 87(5), (a) there shall be deducted after that time in computing the adjusted cost base to the taxpayer of the new option the total of all amounts deducted under paragraph 53(2)(g.1) in computing, immediately before that time, the adjusted cost base to the taxpayer of the old option; and (b) the amount determined under paragraph 87(5.1)(a) shall be added after that time in computing the adjusted cost base to the taxpayer of the new option. Obligations of predecessor corporation
a) d’une part, au cours d’une année d’imposition précédente : (i) soit a fait le choix prévu au paragraphe (1) relativement à de l’argent emprunté et utilisé pour acquérir des biens amortissables ou à une somme payable au titre des biens amortissables qu’il a acquis, (ii) soit était tenu par le paragraphe 18(3.1) d’inclure un montant au titre de la construction d’un bien amortissable dans le calcul du coût en capital, pour lui, de ce bien; (b) d’autre part, au cours de chaque année d’imposition postérieure à cette année d’imposition précédente et antérieure à l’année d’imposition donnée, a fait le choix prévu au présent paragraphe, portant sur le montant total qui, en l’absence d’un tel choix, aurait été déductible dans le calcul de son revenu (qui n’est pas un revenu exonéré) pour chacune de ces années relativement à l’argent emprunté et utilisé pour acquérir des biens amortissables ou à la somme payable pour les biens amortissables qu’il a acquis, et a fait le choix prévu au présent paragraphe dans sa déclaration de revenu produite en vertu de la présente partie pour l’année donnée, les alinéas 20(1)c),d),e) et e.1) ne s’appliquent pas à tout ou partie du montant indiqué dans le choix et qui, sans un tel choix, serait déductible dans le calcul de son revenu (qui n’est pas un revenu exonéré), pour l’année donnée relativement à l’argent emprunté et utilisé pour acquérir les biens amortissables ou à la somme payable pour ces biens; le montant ou la partie du montant doit alors être ajouté au coût en capital, pour lui, des biens amortissables. Argent emprunté pour exploration, aménagement ou acquisition d’un bien
Notwithstanding subsection (7), where there has been an amalgamation of two or more corporations after May 6, 1974, each taxpayer (except any predecessor corporation) who, immediately before the amalgamation, owned a capital property that was a bond, debenture, mortgage, hypothecary claim, note or other similar obligation of a predecessor corporation (in this subsection referred to as the “old property”) and who received no consideration for the disposition of the old property on the amalgamation other than a bond, debenture, mortgage, hypothecary claim, note or other similar obligation, respectively, of the new corporation (in this subsection referred to as the “new property”) is deemed to have disposed of the old property and to have acquired the new property at the time of the amalgamation, and the amount payable to the holder of the new property on its maturity is the same as the amount that would have been payable to the holder of the old property on its maturity, deemed (a) to have disposed of the old property for proceeds equal to the adjusted cost base to the taxpayer of that property immediately before the amalgamation; and (b) to have acquired the new property at a cost to the taxpayer equal to the proceeds described in paragraph 87(6)(a). Adjusted cost base (6.1) Where the cost to a taxpayer of a particular property that is a bond, debenture or note is determined at any time under subsection 87(6) and the terms of the bond, debenture or note do not confer upon the holder the right to exchange that bond, debenture or note for shares, (a) there shall be deducted after that time in computing the adjusted cost base to the taxpayer of the bond, debenture or note the total of all amounts deducted under paragraph 53(2)(g.1) in computing, immediately before that time, the adjusted cost base to the taxpayer of the property for which the particular property was exchanged at that time; and SUBDIVISION H Corporations Resident in Canada and their Shareholders added after that time in computing the adjusted cost base to the taxpayer of the particular property.
Dans le calcul du revenu d’un contribuable pour une année d’imposition donnée, lorsque celui-ci, à la fois : a) a fait, au cours d’une année d’imposition précédente, le choix prévu au paragraphe (2) relativement à de l’argent emprunté et utilisé pour l’exploration, l’aménagement ou l’acquisition d’un bien; b) a fait en vertu du présent paragraphe, au cours de chaque année d’imposition postérieure à cette année d’imposition précédente et antérieure à l’année d’imposition donnée, un choix portant sur le montant total qui, en l’absence de ce choix, aurait été déductible dans le calcul de son revenu (qui n’est pas un revenu exonéré ni un revenu exonéré de l’impôt prévu par la présente partie) pour chacune de ces années relativement [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 21; 1994, c. 7, Sch. II, s. 16; 2001, c. 17, s. 15. à l’argent emprunté et utilisé pour l’exploration, l’aménagement ou l’acquisition d’un bien; c) fait un tel choix dans sa déclaration de revenu pour l’année donnée, les règles suivantes s’appliquent : d) les alinéas 20(1)c), d), e) et e.1) ne s’appliquent pas au montant ou à la partie de montant indiqué dans le choix et qui, sans ce choix, serait déductible dans le calcul de son revenu (sauf le revenu exonéré ou le revenu qui est exonéré de l’impôt prévu par la présente partie) pour l’année donnée relativement à l’argent emprunté et utilisé pour l’exploration, l’aménagement ou l’acquisition d’un bien; e) le montant ou la partie de montant est réputé représenter des frais d’exploration et d’aménagement au Canada, des frais d’exploration et d’aménagement à l’étranger, des frais d’exploration au Canada, des frais d’aménagement au Canada, des frais relatifs à des biens sources à l’étranger par rapport à un pays ou des frais à l’égard de l’exploration et de l’aménagement à l’étranger, selon le cas, qu’il a engagés au cours de l’année donnée. Nouvelles cotisations
Where there has been an amalgamation of two or more corporations after May 6, 1974 and (a) a debt or other obligation of a predecessor corporation that was outstanding immediately before the amalgamation became a debt or other obligation of the new corporation on the amalgamation, and (b) the amount payable by the new corporation on the maturity of the debt or other obligation, as the case may be, is the same as the amount that would have been payable by the predecessor corporation on its maturity, the provisions of this Act (c) shall not apply in respect of the transfer of the debt or other obligation to the new corporation, and (d) shall apply as if the new corporation had incurred or issued the debt or other obligation at the time it was incurred or issued by the predecessor corporation or the predecessor corporation made an agreement under which the debt or other obligation was issued, except that, for the purposes of the definition income bond or income debenture in subsection 248(1), paragraph 87(7)(d) shall not apply to any debt or other obligation of the new corporation unless the terms and conditions thereof immediately after the amalgamation are the same as, or substantially the same as, the terms and conditions of the debt or obligation that was an income bond or income debenture of the predecessor corporation immediately before the amalgamation.
Malgré les autres dispositions de la présente loi, lorsqu’un contribuable a choisi d’exercer son droit conformément aux dispositions du paragraphe (1) ou (2), il doit être procédé à de nouvelles cotisations relativement à l’impôt, aux intérêts et aux pénalités nécessaires pour donner effet au choix effectué. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs applicables.] L.R. (1985), ch. 1 (5e suppl.), art. 21; 1994, ch. 7, ann. II, art. 16; 2001, ch. 17, art. 15. Cessation de l’exploitation d’une entreprise 22 (1) Lorsqu’une personne qui exploitait une entreprise a, au cours d’une année d’imposition, vendu la totalité, ou presque, des biens utilisés dans l’exploitation de l’entreprise, y compris les créances qui ont été ou seront incluses dans le calcul de son revenu pour cette année ou une année antérieure et qui sont encore en souffrance, y compris les créances découlant de prêts faits dans le cours normal des activités ordinaires de l’entreprise de cette personne, si une partie des activités ordinaires de cette entreprise consistait à prêter de l’argent, et qui sont encore en souffrance, à un acheteur qui se propose de continuer à exploiter l’entreprise du vendeur, si le vendeur et l’acheteur ont conjointement fait le choix, selon la formule réglementaire, pour que s’applique le présent article, les règles suivantes sont applicables : Sale of inventory a) il peut être déduit, dans le calcul du revenu du vendeur pour l’année d’imposition, une somme égale à la différence entre la valeur nominale des créances ainsi vendues (autres que les créances au titre desquelles le vendeur a effectué des déductions en vertu de l’alinéa 20(1)p)), et la contrepartie versée par l’acheteur au vendeur pour les créances ainsi vendues; b) une somme égale à la différence visée à l’alinéa a) doit être incluse dans le calcul du revenu de l’acheteur pour l’année d’imposition; c) les créances ainsi vendues sont, pour l’application des alinéas 20(1)l) et 20(1)p), réputées avoir été incluses dans le calcul du revenu de l’acheteur pour l’année d’imposition ou une année antérieure, mais l’acheteur ne peut effectuer aucune déduction en vertu de l’alinéa 20(1)p) relativement à une créance au titre de laquelle le vendeur a déjà réclamé une déduction; et d) chaque somme déduite par le vendeur, dans le calcul du revenu d’une année antérieure en vertu de l’alinéa 20(1)p) relativement à l’une quelconque des créances ainsi vendues est, pour l’application de l’alinéa 12(1)i), réputée avoir été ainsi déduite par l’acheteur. Déclaration du vendeur et de l’acheteur
Subject to subsection 95(2), where there has been a foreign merger in which a taxpayer’s shares or options to acquire shares of the capital stock of a corporation that was a predecessor foreign corporation immediately before the merger were exchanged for or became shares or options to acquire shares of the capital stock of the new foreign corporation or the foreign parent corporation, unless the taxpayer elects in the taxpayer’s return of income for the taxation year in which the foreign merger took place not to have this subsection apply, subsections (4) and (5) apply to the taxpayer as if the references in those subsections to (a) “amalgamation” were read as “foreign merger”; (b) "predecessor corporation" were read as "predecessor foreign corporation"; and (c) "new corporation" were read as "new foreign corporation or the foreign parent corporation". Definition of foreign merger (8.1) For the purposes of this section, foreign merger means a merger or combination of two or more corporations each of which was, immediately before the merger or combination, resident in a country other than Canada (each of which is in this section referred to as a "predecessor foreign corporation") to form one corporate entity resident in a country other than Canada (in this section referred to as the "new foreign corporation") in such a manner that, and otherwise than as a result of the distribution of property to one corporation on the winding-up of another corporation, (a) all or substantially all the property (except amounts receivable from any predecessor foreign corporation or shares of the capital stock of any predecessor foreign corporation) of the predecessor foreign corporations immediately before the merger or combination becomes property of the new foreign corporation as a consequence of the merger or combination; (b) all or substantially all the liabilities (except amounts payable to any predecessor foreign corporation) of the predecessor foreign corporations immediately before the merger or combination become liabilities of the new foreign corporation as a consequence of the merger or combination; and (c) all or substantially all of the shares of the capital stock of the predecessor foreign corporations (except any shares or options owned by any predecessor foreign corporation) are exchanged for or become, because of the merger or combination, (i) shares of the capital stock of the new foreign corporation, or (ii) if, immediately after the merger, the new foreign corporation was controlled by another corporation (in this section referred to as the "foreign parent corporation") that was resident in a country other than Canada, shares of the capital stock of the foreign parent corporation. Absorptive mergers (8.2) For the purposes of the definition foreign merger in subsection (8.1), if there is a merger or combination, otherwise than as a result of the distribution of property to one corporation on the winding-up of another corporation, of two or more non-resident corporations (each of which is referred to in this subsection as a “predecessor foreign corporation”), as a result of which one or more predecessor foreign corporations ceases to exist and, immediately after the merger or combination, another predecessor foreign corporation (referred to in this subsection as the “survivor corporation”) owns properties (except amounts receivable from, or shares of the capital stock of, any predecessor foreign corporation) representing all or substantially all of the fair market value of all such properties owned by each predecessor foreign corporation immediately before the merger or combination, then (a) the merger or combination is deemed to be a merger or combination of the predecessor foreign corporations to form one non-resident corporation; (b) the survivor corporation is deemed to be the non-resident corporation so formed; (c) all of the properties of the survivor corporation immediately before the merger or combination that are properties of the survivor corporation immediately after the merger or combination are deemed to become properties of the survivor corporation as a consequence of the merger or combination; (d) all of the liabilities of the survivor corporation immediately before the merger or combination that are liabilities of the survivor corporation immediately after the merger or combination are deemed to become liabilities of the survivor corporation as a consequence of the merger or combination; (e) all of the shares of the capital stock of the survivor corporation that were outstanding immediately before the merger or combination that are shares of the capital stock of the survivor corporation immediately after the merger or combination are deemed to become shares of the capital stock of the survivor corporation as a consequence of the merger or combination; and (f) all of the shares of the capital stock of each predecessor foreign corporation (other than the survivor corporation) that were outstanding immediately SUBDIVISION H Corporations Resident in Canada and their Shareholders before the merger or combination and that cease to exist as a consequence of the merger or combination are deemed to be exchanged by the shareholders of each such predecessor corporation for shares of the survivor corporation as a consequence of the merger or combination. Anti-avoidance (8.3) Subsection (8) does not apply in respect of a taxpayer’s shares of the capital stock of a predecessor foreign corporation that are exchanged for or become, on a foreign merger, shares of the capital stock of the new foreign corporation or the foreign parent corporation, if (a) the new foreign corporation is, at the time that is immediately after the foreign merger, a foreign affiliate of the taxpayer; (b) shares of the capital stock of the new foreign corporation are, at that time, excluded property (as defined in subsection 95(1)) of another foreign affiliate of the taxpayer; and (c) the foreign merger is part of a transaction or event or a series of transactions or events that includes a disposition of shares of the capital stock of the new foreign corporation, or property substituted for those shares, to (i) a person (other than a foreign affiliate of the taxpayer in respect of which the taxpayer has a qualifying interest (within the meaning assigned by paragraph 95(2)(m)) at the time of the transaction or event or throughout the series, as the case may be) with whom the taxpayer was dealing at arm’s length immediately after the transaction, event or series, or (ii) a partnership a member of which is, immediately after the transaction, event or series, a person described in subparagraph (i). Taxable Canadian property — conditions for rollover (a) there is at that time a foreign merger of two or more predecessor foreign corporations (within the meaning assigned by subsection (8.1), if that subsection and subsection (8.2) were read without reference to the expression “otherwise than as a result of the distribution of property to one corporation on the winding-up of another corporation”) that were, immediately before that time, SUBDIVISION H Corporations Resident in Canada and their Shareholders (i) resident in the same country, and (b) because of the foreign merger, (i) a predecessor foreign corporation (referred to in this subsection and subsection (8.5) as the “disposing predecessor foreign corporation”) disposes of a property (referred to in this subsection and subsection (8.5) as the “subject property”) that is, at that time, (A) a taxable Canadian property (other than treaty-protected property) of the disposing predecessor foreign corporation, and (B) any of the following: (I) a share of the capital stock of a corporation, (II) an interest in a partnership, and (III) an interest in a trust, and (ii) the subject property becomes property of a corporation that is a new foreign corporation for the purposes of subsection (8.1); (c) no shareholder (except any predecessor foreign corporation) that owned shares of the capital stock of a predecessor foreign corporation immediately before the foreign merger received consideration for the disposition of those shares on the foreign merger, other than shares of the capital stock of the new foreign corporation; (d) if the subject property is a share of the capital stock of a corporation or an interest in a trust, the corporation or trust is not, at any time in the 24-month period beginning at that time, as part of a transaction or event, or series of transactions or events including the foreign merger, subject to a loss restriction event; and (e) the new foreign corporation and the disposing predecessor foreign corporation jointly elect in writing under this paragraph in respect of the foreign merger and file the election with the Minister on or before the filing-due date of the disposing predecessor foreign corporation (or the date that would be its filing-due date, if subsection (8.5) did not apply in respect of the disposition of the subject property) for the taxation year that includes that time. Foreign merger — taxable Canadian property rollover (8.5) If this subsection applies at any time, (a) if the subject property is an interest in a partnership, (i) the disposing predecessor foreign corporation is deemed not to dispose of the subject property (other than for the purposes of subsection (8.4)), and (ii) the new foreign corporation is deemed (A) to have acquired the subject property at a cost equal to the cost of the subject property to the disposing predecessor foreign corporation, and (B) to be the same corporation as, and a continuation of, the disposing predecessor foreign corporation in respect of the subject property; and (b) if the subject property is a share of the capital stock of a corporation or an interest in a trust, (i) the subject property is deemed to have been disposed of at that time by the disposing predecessor foreign corporation to the new foreign corporation (that is referred to in subparagraph (8.4)(b)(ii)) for proceeds of disposition equal to the adjusted cost base of the subject property to the disposing predecessor foreign corporation immediately before that time, and (ii) the cost of the subject property to the new foreign corporation is deemed to be the amount that is deemed by subparagraph (i) to be the proceeds of disposition of the subject property. Rules applicable in respect of certain mergers
Un choix signé dans le cadre du paragraphe (1) doit contenir une déclaration conjointe du vendeur et de l’acheteur quant à la contrepartie versée pour les créances vendues par le vendeur à l’acheteur, et sous réserve du paragraphe 69(1), cette déclaration, en ce qui regarde le ministre, lie le vendeur et l’acheteur dans la mesure où elle peut se rapporter à toute question relative à l’application de la présente loi. [NOTE : Les dispositions ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1970-71-72, ch. 63, art. 1 « 22 »; 1974-75-76, ch. 26, art. 10. Vente de biens à porter à l’inventaire 23 (1) Lorsque, lors de la disposition d’une entreprise ou d’une partie quelconque d’une entreprise ou après en avoir disposé, ou lors de la cessation de l’exploitation d’une entreprise ou d’une partie quelconque d’une entreprise, un contribuable a vendu tout ou partie des biens qui étaient à porter à l’inventaire de l’entreprise, les biens ainsi vendus sont réputés, pour l’application de la présente partie, avoir été vendus par lui dans le cadre de l’exploitation de l’entreprise. Mention des biens à porter à l’inventaire
Where there has been a merger of two or more taxable Canadian corporations to form a new corporation that was formed, immediately after the merger, by a taxable Canadian corporation (in this subsection referred to as the “parent”) and, on the merger, shares of the capital stock of the parent (in this subsection referred to as “parent shares”) were issued by the parent to persons who were, immediately before the merger, shareholders of a predecessor corporation, the following rules apply: (a) for the purposes of paragraph 87(1)(c), subsection 87(4) and the Income Tax Application Rules, any parent shares received by a shareholder of a predecessor corporation shall be deemed to be shares of the capital stock of the new corporation received by the shareholder by virtue of the merger; (a.1) for the purposes of subsections 87(4.1) and 87(4.2), a parent share issued to a shareholder in consideration for the disposition of a share of a class of the capital stock of a predecessor corporation shall be deemed to be a share of a class of the capital stock of the new corporation that was issued in consideration for the disposition of a share of a class of the capital stock of a predecessor corporation by that shareholder; (a.2) for the purposes of subsection 87(4.3), a right listed on a designated stock exchange to acquire a share of a class of the capital stock of the parent shall be deemed to be a right listed on a designated stock exchange to acquire a share of a class of the capital stock of the new corporation; (i) each parent share received by a shareholder of a predecessor corporation is deemed to be a share of the capital stock of the new corporation received by the shareholder by the new corporation on the merger, and (ii) any obligation of the parent to issue a share of any class of its capital stock to a person in circumstances described in subparagraph (4.4)(d)(ii) is deemed to be an obligation of the new corporation to issue a share to the person; (a.3) for the purpose of applying subsection 87(5) in respect of the merger, the reference in that subsection to “the new corporation” shall be read as a reference to “the parent”; (a.4) for the purpose of paragraph 87(9)(c), any shares of the new corporation acquired by the parent on the merger shall be deemed to be new shares; (a.5) for the purpose of applying subsection 87(10) in respect of the merger, (i) the reference in paragraph 87(10)(b) to “the new corporation” shall be read as a reference to “the new corporation or the parent, within the meaning assigned by subsection 87(9)”, and (ii) the references in paragraphs 87(10)(c) and 87(10)(f) to “the new corporation” shall be read as SUBDIVISION H Corporations Resident in Canada and their Shareholders references to “the public corporation described in paragraph 87(9)(b)”. (b) in computing, at any particular time, the paid-up capital in respect of any particular class of shares of the capital stock of the parent that included parent shares immediately after the merger (i) there shall be deducted that proportion of the amount, if any, by which the paid-up capital, determined without reference to this paragraph, in respect of all the shares of the capital stock of the parent immediately after the merger exceeds the total of all amounts each of which is the paid-up capital in respect of a share of the capital stock of the parent or a predecessor corporation (other than any share of a predecessor corporation owned by the parent or by another predecessor corporation and any share of a predecessor corporation owned by a shareholder other than the parent or another predecessor corporation that was not exchanged on the merger for parent shares) immediately before the merger that (A) the paid-up capital, determined without reference to this paragraph, in respect of that particular class of shares of the capital stock of the parent immediately after the merger is of (B) the paid-up capital, determined without reference to this paragraph, in respect of all the issued and outstanding shares of the classes of the capital stock of the parent that included parent shares immediately after the merger, and (ii) there shall be added an amount equal to the lesser of (A) the amount, if any, by which (I) the total of all amounts each of which is an amount deemed by subsection 84(3), 84(4) or 84(4.1) to be a dividend on shares of the particular class paid by the parent before the particular time (II) the total that would be determined under subclause 87(9)(b)(ii)(A)(I) if this Act were read without reference to subparagraph 87(9)(b)(i), and (B) the amount required by subparagraph 87(9)(b)(i) to be deducted in computing the paid-up capital of shares of the particular class; and (c) notwithstanding paragraph 87(4)(b), the parent shall be deemed to have acquired the new shares of any particular class of the capital stock of the new corporation at a cost equal to the total of (i) the amount otherwise determined under paragraph 87(4)(b) to be the cost of those shares, and (ii) in any case where the parent owned, immediately after the merger, all the issued shares of the capital stock of the new corporation, such portion of (A) the amount, if any, by which (I) the amount by which the total of the money on hand of the new corporation and all amounts each of which is the cost amount to the new corporation of a property owned by it, immediately after the merger, exceeds the total of all amounts each of which is the amount of any debt owing by the new corporation, or of any other obligation of the new corporation to pay any amount, that was outstanding immediately after the merger, (II) the total of the adjusted cost bases to the parent of all shares of the capital stock of each predecessor corporation beneficially owned by it immediately before the merger as is designated by the parent in respect of the shares of that particular class in its return of income under this Part for its taxation year in which the merger occurred, except that (B) in no case shall the amount so designated in respect of the shares of a particular class exceed the amount, if any, by which the total fair market value, immediately after the merger, of the shares of that particular class issued by virtue of the merger exceeds the cost of those shares to the parent determined without reference to this paragraph, and (C) in no case shall the total of the amounts so designated in respect of the shares of each class of the capital stock of the new corporation exceed the amount determined under clause 87(9)(c)(ii)(A). SUBDIVISION H Corporations Resident in Canada and their Shareholders Share deemed listed (a) a new corporation is formed as a result of an amalgamation, (b) the new corporation is a public corporation, (c) the new corporation issues a share (in this subsection referred to as the “new share”) of its capital stock, (d) the new share is issued in exchange for a share (in this subsection referred to as the “old share”) of the capital stock of a predecessor corporation, (e) immediately before the amalgamation, the old share was listed on a designated stock exchange, and (f) the new share is redeemed, acquired or cancelled by the new corporation within 60 days after the amalgamation, the new share is deemed, for the purposes of subsection 116(6), the definitions qualified investment in subsections 146(1), 146.1(1), 146.3(1) and 146.4(1), in section 204 and in subsection 207.01(1), and the definition taxable Canadian property in subsection 248(1), to be listed on the exchange until the earliest time at which it is so redeemed, acquired or cancelled.
Les biens mentionnés au présent article et qui étaient à porter à l’inventaire d’une entreprise sont réputés comprendre les biens qui y auraient été compris si le revenu Income Tax PART I Income Tax DIVISION B Computation of Income Sections 23-24 24 (1) [Repealed, 2016, c. 12, s. 8]
Where at any time there is an amalgamation of a corporation (in this subsection referred to as the “parent”) and one or more other corporations (each of which in this subsection is referred to as the “subsidiary”) each of which is a subsidiary wholly-owned corporation of the parent, (a) the shares of the subsidiary are deemed to have been disposed of by the parent immediately before the amalgamation for proceeds equal to the proceeds that would be determined under paragraph 88(1)(b) if subsections 88(1) and 88(1.7) applied, with any modifications that the circumstances require, to the amalgamation; and (b) the cost, to the parent immediately after the amalgamation, of each capital property of the subsidiary acquired by the parent on the amalgamation is deemed to be equal to the cost amount to the subsidiary of the property immediately before the amalgamation. SUBDIVISION B Corporations Resident in Canada and their Shareholders (b) the cost to the new corporation of each capital property of the subsidiary acquired on the amalgamation is deemed to be the amount that would have been the cost to the parent of the property if the property had been distributed at that time to the parent on a winding-up of the subsidiary and subsections 88(1) and 88(1.7) had applied to the winding-up.
[Repealed, 2016, c. 12, s. 8] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 24; 1994, c. 7, Sch. II, s. 8; 1995, c. 3, s. 8; 2000, c. 12, s. 142; 2010, c. 17, s. 16; 2016, c. 12, s. 8.] --- Impôt sur le revenu
(a) subject to paragraphs 88(1)(a.1) and 88(1)(a.3), each property (other than an interest in a partnership) of the subsidiary that was distributed to the parent on the winding-up shall be deemed to have been disposed of by the subsidiary for proceeds equal to (i) in the case of a Canadian resource property, a foreign resource property or a right to receive production (as defined in subsection 18.1(1)) to which a matchable expenditure (as defined in subsection 18.1(1)) relates, nil, and (iii) in the case of any other property, the cost amount to the subsidiary of the property immediately before the winding-up; (a.1) each property of the subsidiary that was distributed to the parent on the winding-up shall, for the purpose of paragraph 88(2.1)(b) or 88(2.1)(e), be deemed not to have been disposed of; (a.2) each interest of the subsidiary in a partnership that was distributed to the parent on the winding-up shall, except for the purpose of paragraph 98(5)(g), be deemed not to have been disposed of by the subsidiary; SUBDIVISION H Corporations Resident in Canada and their Shareholders (i) the subsidiary was a financial institution in its taxation year in which its assets were distributed to the parent on the winding up, and (ii) the parent was a financial institution in its taxation year in which it received the assets of the subsidiary on the winding up, each specified debt obligation (other than a mark-to-market property) of the subsidiary that was distributed to the parent on the winding-up shall, except for the purpose of subsection 69(1), be deemed not to have been disposed of, and for the purpose of this paragraph, financial institution, mark-to-market property and specified debt obligation have the meanings assigned by subsection 142.2(1); (b) the shares of the capital stock of the subsidiary owned by the parent immediately before the winding-up shall be deemed to have been disposed of by the parent on the winding-up for proceeds equal to the greater of (i) the lesser of the paid-up capital in respect of those shares immediately before the winding-up and the amount determined under subparagraph 88(1)(d)(i), and (ii) the total of all amounts each of which is an amount in respect of any share of the capital stock of the subsidiary so disposed of by the parent on the winding-up, equal to the adjusted cost base to the parent of the share immediately before the winding-up; (c) subject to paragraph 87(2)(e.3) (as modified by paragraph 88(1)(e.2)), and notwithstanding paragraph 87(2)(e.1) (as modified by paragraph 88(1)(e.2)), the cost to the parent of each property of the subsidiary distributed to the parent on the winding-up shall be deemed to be (i) in the case of a property that is an interest in a partnership, the amount that but for this paragraph would be the cost to the parent of the property, and (ii) in any other case, the amount, if any, by which (A) the amount that would, but for subsection 69(1), be deemed by paragraph 88(1)(a) to be the proceeds of disposition of the property (B) any reduction of the cost amount to the subsidiary of the property made because of section 80 on the winding-up, plus where the property was a capital property (other than an ineligible property) of the subsidiary at the time that the parent last acquired control of the subsidiary and was owned by the subsidiary thereafter without interruption until such time as it was distributed to the parent on the winding-up, the amount determined under paragraph 88(1)(d) in respect of the property and, for the purposes of this paragraph, ineligible property means (iv) property transferred to the parent on the winding-up where the transfer is part of a distribution (within the meaning assigned by subsection 55(1)) made in the course of a reorganization in which a dividend was received to which subsection 55(2) would, but for paragraph 55(3)(b), apply, (v) property acquired by the subsidiary from the parent or from any person or partnership that was not (otherwise than because of a right referred to in paragraph 251(5)(b)) dealing at arm’s length with the parent, or any other property acquired by the subsidiary in substitution for it, where the acquisition was part of the series of transactions or events in which the parent last acquired control of the subsidiary, and (vi) property distributed to the parent on the winding-up where, as part of the series of transactions or events that includes the winding-up, (A) the parent acquired control of the subsidiary, and (B) any property distributed to the parent on the winding-up or any other property acquired by any person in substitution therefor is acquired by (I) a particular person (other than a specified person) that, at any time during the course of the series and before control of the subsidiary was last acquired by the parent, was a specified shareholder of the subsidiary, (II) 2 or more persons (other than specified persons), if a particular person would have been, at any time during the course of the series and before control of the subsidiary was last acquired by the parent, a specified shareholder of the subsidiary if all the shares that were then owned by those 2 or more persons were owned at that time by the particular person, or
(c.2) for the purposes of this paragraph and subparagraph 88(1)(c)(vi), (B) each person who would be related to the parent at that time if (I) this Act were read without reference to paragraph 251(5)(b), and (II) each person who is the child of a deceased individual were related to each brother or sister of the individual and to each child of a deceased brother or sister of the individual, and (C) if the time is before the incorporation of the parent, each person who is described in clause (B) throughout the period that begins at the time the parent is incorporated and ends at the time that is immediately before the beginning of the winding-up, (i.1) a person described in clause (i)(B) or (C) is deemed not to be a specified person if it can reasonably be considered that one of the main purposes of one or more transactions or events is to cause the person to be a specified person so as to prevent a property that is distributed to the parent on the winding-up from being an ineligible property for the purposes of paragraph (c), (ii) where at any time a property is owned or acquired by a partnership or a trust, (A) the partnership or the trust, as the case may be, shall be deemed to be a person that is a corporation having one class of issued shares, which shares have full voting rights under all circumstances, (B) each member of the partnership or beneficiary under the trust, as the case may be, shall be deemed to own at that time the proportion of the number of issued shares of the capital stock of the corporation that (I) the fair market value at that time of that member’s interest in the partnership or that beneficiary’s interest in the trust, as the case may be, is of (II) the fair market value at that time of all the members’ interests in the partnership or beneficiaries’ interests in the trust, as the case may be, and (C) the property shall be deemed to have been owned or acquired at that time by the corporation; (A) the reference in the definition specified shareholder in subsection 248(1) to “the issued shares of any class of the capital stock of the corporation or of any other corporation that is related to the corporation” shall be read as “the issued shares of any class (other than a specified class) of the capital stock of the corporation or of any other corporation that is related to the corporation and that has a significant direct or indirect interest in any issued shares of the capital stock of the corporation”, (A.1) a corporation controlled by another corporation is, at any time, deemed not to own any shares of the capital stock of the other corporation if, at that time, the corporation does not have a direct or an indirect interest in any of the shares of the capital stock of the other corporation, (A.2) the definition specified shareholder in subsection 248(1) is to be read without reference to its paragraph (a) in respect of any share of the capital stock of the subsidiary that the person would, but for this clause, be deemed to own solely because the person has a right described in paragraph 251(5)(b) to acquire shares of the capital stock of a corporation that (I) is controlled by the subsidiary, and (II) does not have a direct or an indirect interest in any of the shares of the capital stock of the subsidiary, and (iv) property that is distributed to the parent on the winding-up is deemed not to be acquired by a person if the person acquired the property before the acquisition of control referred to in clause (c)(vi)(A) and the property is not owned by the person at any time after that acquisition of control; (c.3) for the purpose of clause 88(1)(c)(vi)(B), property acquired by a person in substitution for particular property or properties distributed to the parent on the winding-up includes (i) property (other than a specified property) owned by the person at any time after the acquisition of control referred to in clause (c)(vi)(A) more than 10% of the fair market value of which is, at that time, attributable to the particular property or properties, and (ii) property owned by the person at any time after the acquisition of control referred to in clause 88(1)(c)(vi)(A) the fair market value of which is, at that time, determinable primarily by reference to the fair market value of, or to any proceeds from a disposition of, the particular property or properties but does not include (iv) property that was not owned by the person at any time after the acquisition of control referred to in clause 88(1)(c)(vi)(A), (v) property described in subparagraph 88(1)(c.3)(i) if the only reason the property is described in that subparagraph is because a specified property described in any of subparagraphs 88(1)(c.4)(i) to 88(1)(c.4)(iv) was received as consideration for the acquisition of a share of the capital stock of the subsidiary in the circumstances described in subparagraphs 88(1)(c.4)(i) to 88(1)(c.4)(iv), (vi) a share of the capital stock of the subsidiary or a debt owing by it, if the share or debt, as the case may be, was owned by the parent immediately before the winding-up, or (vii) a share of the capital stock of a corporation or a debt owing by a corporation, if the fair market value of the share or debt, as the case may be, was not, at any time after the beginning of the winding-up, wholly or partly attributable to property distributed to the parent on the winding-up; (i) a share of the capital stock of the parent that was (A) received as consideration for the acquisition of a share of the capital stock of the subsidiary by the parent or by a corporation that was a specified subsidiary corporation of the parent immediately before the acquisition, or (B) issued for consideration that consists solely of money, (ii) an indebtedness that was issued (A) by the parent as consideration for the acquisition of a share of the capital stock of the subsidiary by the parent, or (B) for consideration that consists solely of money, (iii) a share of the capital stock of a taxable Canadian corporation that was received as consideration for the acquisition of a share of the capital stock of the subsidiary by the taxable Canadian corporation or by the parent where the parent was a specified subsidiary corporation of the taxable Canadian corporation immediately before the acquisition, (iv) an indebtedness of a taxable Canadian corporation that was issued by it as consideration for the acquisition of a share of the capital stock of the subsidiary by the taxable Canadian corporation or by the parent where the parent was a specified subsidiary corporation of the taxable Canadian corporation immediately before the acquisition, and (v) if the subsidiary was formed on the amalgamation of two or more predecessor corporations at least one of which was a subsidiary wholly-owned corporation of the parent, (A) a share of the capital stock of the subsidiary that was issued on the amalgamation and that is, before the beginning of the winding-up, (I) redeemed, acquired or cancelled by the subsidiary for consideration that consists solely of money or shares of the capital stock of the parent, or of any combination of the two, or (II) exchanged for shares of the capital stock of the parent, or (B) a share of the capital stock of the parent issued on the amalgamation in exchange for a share of the capital stock of a predecessor corporation; (c.5) for the purpose of paragraph 88(1)(c.4), a corporation is a subsidiary wholly-owned corporation of another corporation at any time, where the other corporation holds, at that time, shares of the corporation (i) that give the shareholder 90% or more of the votes that could be cast under all circumstances at an annual meeting of shareholders of the corporation, and (ii) having a fair market value of 90% or more of the fair market value of all of the issued shares of the capital stock of the corporation; (c.6) for the purpose of paragraph 88(1)(c.3) and notwithstanding subsection 256(9), where control of a corporation is acquired by way of articles of arrangement, that control is deemed to have been acquired at the end of the day on which the arrangement becomes effective; (c.7) for the purpose of subparagraph 88(1)(c)(iii), a leasehold interest in a depreciable property and an option to acquire a depreciable property are depreciable properties; (i) the paid-up capital in respect of the class was not, at any time, less than the fair market value of SUBDIVISION H Corporations Resident in Canada and their Shareholders the consideration for which the shares of that class then outstanding were issued, (ii) the shares are non-voting in respect of the election of the board of directors of the corporation, except in the event of a failure or default under the terms or conditions of the shares, (iii) under neither the terms and conditions of the shares nor any agreement in respect of the shares are the shares convertible into or exchangeable for shares other than shares of a specified class of the capital stock of the corporation, and (iv) under neither the terms and conditions of the shares nor any agreement in respect of the shares is any holder of the shares entitled to receive on the redemption, cancellation or acquisition of the shares by the corporation or by any person with whom the corporation does not deal at arm’s length an amount (excluding any premium for early redemption) greater than the total of the fair market value of the consideration for which the shares were issued and the amount of any unpaid dividends on the shares; (c.9) for the purposes of paragraph (c.4), a reference to a share of the capital stock of a corporation includes a right to acquire a share of the capital stock of the corporation; (d) the amount determined under this paragraph in respect of each property of the subsidiary distributed to the parent on the winding-up is such portion of the amount, if any, by which the total determined under subparagraph 88(1)(b)(ii) exceeds the total of (i) the amount, if any, by which (A) the total of all amounts each of which is an amount in respect of any property owned by the subsidiary immediately before the winding-up, equal to the cost amount to the subsidiary of the property immediately before the winding-up, plus the amount of any money of the subsidiary on hand immediately before the winding-up, exceeds the total of (B) all amounts each of which is the amount of any debt owing by the subsidiary, or of any other obligation of the subsidiary to pay any amount, that was outstanding immediately before the winding-up, and (C) the amount of any reserve (other than a reserve referred to in paragraph 20(1)(n), subparagraph 40(1)(a)(iii) or 44(1)(e)(iii) of this Act or in subsection 64(1) or (1.1) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as those two provisions read immediately before November 3, 1981) deducted in computing the subsidiary’s income for its taxation year during which its assets were distributed to the parent on the winding-up, and (i.1) the total of all amounts each of which is an amount in respect of any share of the capital stock of the subsidiary disposed of by the parent on the winding-up or in contemplation of the winding-up, equal to the total of all amounts received by the parent or by a corporation with which the parent was not dealing at arm’s length (otherwise than because of a right referred to in paragraph 251(5)(b) in respect of the subsidiary) in respect of (A) taxable dividends on the share or on any share (in this subparagraph referred to as a “replaced share”) for which the share or a replaced share was substituted or exchanged to the extent that those amounts were deductible from the recipient’s income for any taxation year by virtue of section 112 or subsection 138(6) and were not amounts on which the recipient was required to pay tax under Part VII of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as it read on March 31, 1977, or (B) capital dividends and life insurance capital dividends on the share or on any share (in this subparagraph referred to as a “replaced share”) for which a share or a replaced share was substituted or exchanged, as is designated by the parent in respect of that capital property in its return of income under this Part for its taxation year in which the subsidiary was so wound up, except that (ii) the amount designated in respect of any such capital property may not exceed the amount determined by the formula A is the fair market value of the property at the time the parent last acquired control of the subsidiary, B is the greater of the cost amount to the subsidiary of the property at the time the parent last acquired control of the subsidiary and the cost amount to the subsidiary of the property immediately before the winding-up, and C is the prescribed amount, and (ii.1) for the purpose of calculating the amount in subparagraph (ii) in respect of an interest of the subsidiary in a partnership, the fair market value of the interest at the time the parent last acquired control of the subsidiary is deemed to be the amount determined by the formula A is the fair market value (determined without reference to this subparagraph) of the interest at that time, and B is the portion of the amount by which the fair market value (determined without reference to this subparagraph) of the interest at that time exceeds its cost amount at that time as may reasonably be regarded as being attributable at that time to the total of all amounts each of which is (A) in the case of a depreciable property held directly by the partnership or held indirectly by the partnership through one or more other partnerships, the amount by which the fair market value (determined without reference to liabilities) of the property exceeds its cost amount, (B) in the case of a Canadian resource property or a foreign resource property held directly by the partnership or held indirectly by the partnership through one or more other partnerships, the fair market value (determined without reference to liabilities) of the property, or (C) in the case of a property that is not a capital property, a Canadian resource property or a foreign resource property and that is held directly by the partnership or held indirectly through one or more other partnerships, the amount by which the fair market value (determined without reference to liabilities) of the property exceeds its cost amount, and (iii) in no case shall the total of amounts so designated in respect of all such capital properties exceed the amount, if any, by which the total determined under subparagraph 88(1)(b)(ii) exceeds the total of the amounts determined under subparagraphs 88(1)(d)(i) and 88(1)(d)(i.1), (d.1) subsection 84(2) and section 21 of the *Income Tax Application Rules* do not apply to the winding-up of the subsidiary, and subsection 13(21.2) does not apply to the winding-up of the subsidiary with respect to property acquired by the parent on the winding-up; (d.2) in determining, for the purposes of this paragraph and paragraphs 88(1)(c) and 88(1)(d), the time at which a person or group of persons (in this paragraph and paragraph 88(1.3)(d) referred to as the “acquirer”) last acquired control of the subsidiary, where control of the subsidiary was acquired from another person or group of persons (in this paragraph referred to as the “vendor”) with whom the acquirer was not (otherwise than solely because of a right referred to in paragraph 251(5)(b)) dealing at arm’s length, the acquirer is deemed to have last acquired control of the subsidiary at the earlier of (i) the time at which the vendor last acquired control (within the meaning that would be assigned by subsection 186(2) if the reference in that subsection to “another corporation” were read as “a person” and the references in that subsection to “the other corporation” were read as “the person”) of the subsidiary, and (ii) the time at which the vendor was deemed for the purpose of this paragraph to have last acquired control of the subsidiary; (d.3) for the purposes of paragraphs 88(1)(c), 88(1)(d) and 88(1)(d.2), where at any time control of a corporation is last acquired by an acquirer because of an acquisition of shares of the capital stock of the corporation as a consequence of the death of an individual, the acquirer is deemed to have last acquired control of the corporation immediately after the death from a person who dealt at arm’s length with the acquirer; (e) for the purposes of the description of A in subparagraph (d)(ii.1), the fair market value of an interest in a particular partnership held by the subsidiary at the time the parent last acquired control of the subsidiary is deemed not to include the amount that is the total of each amount that is the fair market value of a property that would otherwise be included in the fair market value of the interest, if (i) as part of the transaction or event or series of transactions or events in which control of the subsidiary is last acquired by the parent and on or before the acquisition of control, (A) the subsidiary disposes of the property to the particular partnership or any other SUBDIVISION H Corporations Resident in Canada and their Shareholders partnership and subsection 97(2) applies to the disposition, or (B) where the property is an interest in a partnership, the subsidiary acquires the interest in the particular partnership or any other partnership from a person or partnership with whom the subsidiary does not deal at arm’s length (otherwise than because of a right referred to in paragraph 251(5)(b)) and section 85 applies in respect of the acquisition of the interest, and (ii) at the time of the acquisition of control, the particular partnership holds directly, or indirectly through one or more other partnerships, any property described in clauses (A) to (C) of the description of B in subparagraph (d)(ii.1); (e.1) the subsidiary may, for the purposes of computing its income for its taxation year during which its assets were transferred to, and its obligations were assumed by, the parent on the winding-up, claim any reserve that would have been allowed under this Part if its assets had not been transferred to, or its obligations had not been assumed by, the parent on the winding-up and notwithstanding any other provision of this Part, no amount shall be included in respect of any reserve so claimed in computing the income of the subsidiary for its taxation year, if any, following the year in which its assets were transferred to or its obligations were assumed by the parent; (i) “amalgamation” were read as “winding-up”, (ii) “predecessor corporation” were read as “subsidiary”, (iii) “new corporation” were read as “parent”, (iv) “its first taxation year” were read as “its taxation year during which it received the assets of the subsidiary on the winding-up”, (v) “its last taxation year” were read as “its taxation year during which its assets were distributed to the parent on the winding-up”, (vi) “predecessor corporation’s gain” were read as “subsidiary’s gain”, (viii) “predecessor corporation’s income” were read as “subsidiary’s income”, (viii) “new corporation’s income” were read as “parent’s income”, (ix) “subsection 89(5)” and “subsection 89(9)” were read as “subsection 89(6)” and “subsection 89(10)”, respectively, (x) “any predecessor private corporation” were read as “the subsidiary (if it was a private corporation at the time of the winding-up)”, (xiii) “two or more corporations” were read as “a subsidiary”, (xvi) “the life insurance capital dividend account of any predecessor corporation immediately before the amalgamation” were read as “the life insurance capital dividend account of the subsidiary at the time the subsidiary was wound-up”, (xvii) “predecessor corporation’s refundable Part VII tax on hand” were read as “subsidiary’s refundable Part VII tax on hand”, (xviii) “predecessor corporation’s Part VII refund” were read as “subsidiary’s Part VII refund”, (xix) “predecessor corporation’s refundable Part VIII tax on hand” were read as “subsidiary’s refundable Part VIII tax on hand”, (xx) “predecessor corporation’s Part VIII refund” were read as “subsidiary’s Part VIII refund”, and (xxi) “predecessor corporation’s cumulative offset account” were read as “subsidiary’s cumulative offset account”; (e.3) for the purpose of computing the parent’s investment tax credit at the end of any particular taxation year ending after the subsidiary was wound up, (i) property acquired or expenditures made by the subsidiary or an amount included in the investment tax credit of the subsidiary by virtue of paragraph (b) of the definition investment tax credit in subsection 127(9) in a taxation year (in this paragraph referred to as the “expenditure year”) shall be deemed to have been acquired, made or included, as the case may be, by the parent in its taxation year in which the expenditure year of the subsidiary ended, and (A) the amounts that would have been determined in respect of the subsidiary for the purposes of paragraph (f) of the definition investment tax credit in subsection 127(9) for its taxation year in which it was wound up if the reference therein to “a preceding taxation year” were read as a reference to “the year or a preceding taxation year”, (B) the amounts determined in respect of the subsidiary for the purposes of paragraphs (g) to (i) and (k) of the definition investment tax credit in subsection 127(9) for its taxation year in which it was wound up, and (C) the amount determined in respect of the subsidiary for the purposes of paragraph (j) of the definition investment tax credit in subsection 127(9) for its taxation year in which it was wound up except that, for the purpose of the calculation in this clause, where control of the subsidiary has been acquired by a person or group of persons (each of whom is referred to in this clause as the “purchaser”) at any time (in this clause referred to as “that time”) before the end of the taxation year in which the subsidiary was wound up, there may be added to the amount determined under subparagraph 127.9(1)(d)(i) in respect of the subsidiary the amount, if any, by which that proportion of the amount that, but for subsections 127(3) and 127(5) and sections 126, 127.2 and 127.3, would have been the parent’s tax payable under this Part for the particular year, that, (I) where the subsidiary carried on a particular business in the course of which a property was acquired, or an expenditure was made, before that time in respect of which an amount was included in computing the subsidiary’s investment tax credit for its taxation year in which it was wound up, and the parent carried on the particular business throughout the particular year, the amount, if any, by which the total of all amounts each of which is the parent’s income for the particular year from the particular business, or the parent’s income for the particular year from any other business substantially all the income of which was derived from the sale, leasing, rental or development of properties or the rendering of services similar to the properties sold, leased, rented or developed, or the services rendered, as the case may be, by the subsidiary in carrying on the particular business before that time, exceeds the total of the amounts, if any, deducted for the particular year under paragraph 111(1)(a) or 111(1)(d) by the parent in respect of a non-capital loss or a farm loss, as the case may be, for a taxation year in respect of the particular business is of the greater of (I) the amount determined under subclause 88(1)(e.3)(ii)(C)(I), and exceeds the amount, if any, calculated under subparagraph 127(9.1)(d)(i) in respect of the particular business or the other business, as the case may be, in respect of the parent at the end of the particular year to the extent that those amounts determined in respect of the subsidiary may reasonably be considered to have been included in computing the parent’s investment tax credit at the end of the particular year by virtue of subparagraph 88(1)(e.3)(i); (e.31) for the purposes of sections 127.44, 127.45, 127.48 and Part XII.7, at the end of any particular taxation year ending after the subsidiary was wound up, the parent is deemed to be the same corporation as, and a continuation of the subsidiary; and, for the purposes of the definitions first term shared-use-equipment and second term shared-use-equipment in subsection 127(9), the parent shall be deemed to be the same corporation as, and a continuation of, the subsidiary; (e.4) for the purpose of computing the parent’s employment tax credit at the end of any particular taxation year ending after the subsidiary was wound up, (i) the subsidiary’s taxpayer employment credits for any taxation year (in this paragraph referred to as the “employment year”) and any amounts required to be added by virtue of subsection 127(15) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, in computing the subsidiary’s employment tax credit at the end of the employment year shall be deemed to be taxpayer employment credits of the parent for, and amounts required to be added by virtue of that subsection in computing the parent’s employment tax credit at the end, of its taxation year in which the employment year of the subsidiary ended, and (ii) there shall be added to the amounts otherwise determined under paragraphs 127(16)(c) and (d) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, in respect of the parent for the particular taxation year, the amounts that would have been determined under those paragraphs in respect of the subsidiary for its taxation year in which it was wound-up if the reference in paragraph 127(16)(c) of that Act to “the five immediately preceding taxation years” were read as a reference to “that taxation year or the five immediately preceding taxation years” to the extent that those amounts determined in respect of the subsidiary may reasonably be considered to be in respect of a taxpayer employment credit or an amount not required to be added by virtue of subsection 127(15) of that Act that is included in or on account of the parent’s employment tax credit at the end of the particular year by virtue of subparagraph 88(1)(e.4)(ii); (e.6) if a subsidiary has made a gift in a taxation year (in this section referred to as the “gift year”), for the purposes of computing the amount deductible under section 110.1 by the parent for its taxation years that end after the subsidiary was wound up, the parent is deemed to have made, in each of its taxation years in which a gift year of the subsidiary ended, equal to the amount, if any, by which the total of all amounts, each of which is the amount of a gift or, in the case of a gift made after December 20, 2002, the eligible amount of the gift, made by the subsidiary in the gift year exceeds the total of all amounts deducted under section 110.1 by the subsidiary in respect of those gifts; (e.61) the parent is deemed for the purpose of section 110.1 to have made any gift deemed by subsection 118.1(13) to have been made by the subsidiary after the subsidiary ceased to exist; (e.7) for the purposes of (i) determining the amount deductible by the parent under subsection 126(2) for any taxation year SUBDIVISION H Corporations Resident in Canada and their Shareholders commencing after the commencement of the winding-up, and (ii) determining the extent to which subsection 126(2.3) applies to reduce the amount that may be claimed by the parent under paragraph 126(2)(a), any unused foreign tax credit (within the meaning of subsection 126(7)) of the subsidiary in respect of a country for a particular taxation year (in this section referred to as the “foreign tax year”), to the extent that it exceeds the total of all amounts each of which is claimed in respect thereof under paragraph 126(2)(a) in computing the tax payable by the subsidiary under this Part for any taxation year, shall be deemed to be an unused foreign tax credit of the parent for its taxation year in which the subsidiary’s foreign tax year ended; (e.9) for the purpose of applying the definition qualifying corporation in subsection 127.1(2), and subparagraph (d)(i) of the definition balance-due day in subsection 248(1), to any corporation (other than the subsidiary) (i) where the parent is associated with another corporation in a taxation year (in this paragraph referred to as the “current year”) of the parent that begins after the parent received an asset of the subsidiary on the winding-up and ends in a calendar year, (A) the parent’s taxable income for its last taxation year that ended in the preceding calendar year (determined before taking into consideration the specified future tax consequences for that last year) is deemed to be the total of (I) its taxable income for that last year (determined before applying this paragraph to the winding-up and before taking into consideration the specified future tax consequences for that last year), and (II) the total of the subsidiary’s taxable incomes for its taxation years that ended in that preceding calendar year (determined without reference to subparagraph 88(1)(e.9)(iii) and before taking into consideration the specified future tax consequences for those years), (B) the parent’s business limit for that last year is deemed to be the total of (I) its business limit (determined before applying this paragraph to the winding-up) for that last year, and (II) the total of the subsidiary’s business limits (determined without reference to subparagraph 88(1)(e.9)(iii)) for its taxation years that ended in that preceding calendar year, and (C) the parent’s qualifying income limit for that last year is deemed to be the total of (I) its qualifying income limit (determined before applying this paragraph to the winding-up) for that last year, and (II) the total of the subsidiary’s qualifying income limits (determined without reference to subparagraph (iii)) for its taxation years that ended in that preceding calendar year, (ii) where the parent received an asset of the subsidiary on the winding-up before the current year and subparagraph 88(1)(e.9)(i) does not apply, (A) the parent’s taxable income for its immediately preceding taxation year (determined taking into consideration the specified future tax consequences for that preceding year) is deemed to be the total of (I) its taxable income for that preceding taxation year (determined before applying this paragraph to the winding-up and before taking into consideration the specified future tax consequences for that preceding taxation year), and (II) the total of the subsidiary’s taxable incomes for the subsidiary’s taxation years that ended in the calendar year in which that preceding taxation year ended (determined before taking into consideration the specified future tax consequences for those years), (B) the parent’s business limit for that preceding taxation year is deemed to be the total of (I) its business limit (determined before applying this paragraph to the winding-up) for that preceding taxation year, and (II) the total of the subsidiary’s business limits (determined without reference to subparagraph 88(1)(e.9)(iii)) for the subsidiary’s taxation years that end in the calendar year in which that preceding taxation year ended, and (c) the parent’s qualifying income limit for that preceding taxation year is deemed to be the total of (I) its qualifying income limit (determined before applying this paragraph to the winding-up) for that preceding taxation year, and (II) the total of the subsidiary’s qualifying income limits (determined without reference to subparagraph (iii)) for the subsidiary’s taxation years that end in the calendar year in which that preceding taxation year ended, and (iii) where the parent and the subsidiary are associated with each other in the current year, the subsidiary’s taxable income, the subsidiary’s business limit and the subsidiary’s qualifying income limit for each taxation year that ends after the first time that the parent receives an asset of the subsidiary on the winding-up are deemed to be nil; (f) where property that was depreciable property of a prescribed class of the subsidiary has been distributed to the parent on the winding-up and the capital cost to the subsidiary of the property exceeds the amount deemed by paragraph 88(1)(a) to be the subsidiary’s proceeds of disposition of the property, for the purposes of sections 13 and 20 and any regulations made under paragraph 20(1)(a), (i) notwithstanding paragraph 88(1)(c), the capital cost to the parent of
Where a Canadian corporation (other than a subsidiary to the winding-up of which the rules in subsection 88(1) applied) has been wound up after 1978 and, at a particular time in the course of the winding-up, all or substantially all of the property owned by the corporation immediately before that time was distributed to the shareholders of the corporation, (a) for the purposes of computing the corporation’s (ii) capital gains dividend account (within the meaning assigned by subsection 131(6), where the corporation is an investment corporation, (iii) capital gains dividend account (within the meaning assigned by section 133), and at the time (in this paragraph referred to as the “time of computation”) immediately before the particular time, (iv) the taxation year of the corporation that otherwise would have included the particular time shall be deemed to have ended immediately before the SUBDIVISION H Corporations Resident in Canada and their Shareholders time of computation, and a new taxation year shall be deemed to have commenced at that time, and (v) each property of the corporation that was so distributed at the particular time shall be deemed to have been disposed of by the corporation immediately before the end of the taxation year so deemed to have ended for proceeds equal to the fair market value of the property immediately before the particular time, (b) where the corporation is, by virtue of subsection 84(2), deemed to have paid at the particular time a dividend (in this paragraph referred to as the “winding-up dividend”) on shares of any class of its capital stock, the following rules apply: (i) such portion of the winding-up dividend as does not exceed the corporation’s capital dividend account immediately before that time or its pre-capital gains dividend account immediately before that time, as the case may be, shall be deemed, for the purposes of an election in respect thereof under subsection 83(2), 131(1) (as that subsection applies for the purposes of section 130) or 133(7.1), as the case may be, and where the corporation has so elected, for all other purposes, to be the full amount of a separate dividend, (ii) the portion of the winding-up dividend equal to the lesser of the corporation’s pre-1972 capital surplus on hand immediately before that time and the amount by which the winding-up dividend exceeds (A) the portion thereof in respect of which the corporation has made an election under subsection 83(2), or (B) the portion thereof in respect of which the corporation has made an election under subsection 133(7.1), as the case may be, shall be deemed not to be a dividend, (iii) notwithstanding the definition taxable dividend in subsection 89(1), the winding-up dividend, to the extent that it exceeds the total of the portion thereof deemed by subparagraph 88(2)(b)(i) to be a separate dividend for all purposes and the portion deemed by subparagraph 88(2)(b)(ii) not to be a dividend, shall be deemed to be a separate dividend that is a taxable dividend, and (iv) each person holding one or more shares of any class of the corporation at the particular time shall be deemed to have received at that time an amount equal to the product obtained when the total taxable dividend, calculated under subparagraph (iii), paid (iv) each person who held any of the issued shares of that class at the particular time shall be deemed to have received that proportion of any separate dividend determined under subparagraph 88(2)(b)(i) or 88(2)(b)(iii) that the number of shares of that class held by the person immediately before the particular time is of the number of issued shares of that class outstanding immediately before that time, and (c) for the purpose of computing the income of the corporation for its taxation year that includes the particular time, paragraph 12(1)(t) shall be read as follows: “(t) the amount deducted under subsection 127(5) or (6), 127.4(3), 127.45(6), 127.48(3) or 127.49(6) in computing the taxpayer's tax payable for the year or a preceding taxation year to the extent that it was not included under this paragraph in computing the taxpayer's income for a preceding taxation year or is not included in an amount determined under paragraph 13.7(1)(e) or 37(1)(e) or subparagraph 53(2)(c)(vi) to (c)(vi.4) or (h)(ii) or the amount determined for I in the definition undepreciated capital cost in subsection 13(21) or L in the definition cumulative Canadian exploration expense in subsection 66.1(6);”. (2.1) For the purposes of subsection 88(2), pre-1972 capital surplus on hand of a particular corporation at a particular time means the amount, if any, by which the total of (a) the corporation's 1971 capital surplus on hand on December 31, 1978 within the meaning of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as it read on that date, (b) the total of all amounts each of which is an amount in respect of a capital property of the corporation owned by it on December 31, 1971 and disposed of by it after 1978 and before the particular time, equal to the amount, if any, by which the lesser of its fair market value and valuation day value (within the meanings assigned by section 24 of the Income Tax Application Rules) and the corporation's proceeds of disposition of that capital property exceeds its actual cost to the corporation determined without reference to the Income Tax Application Rules other than subsections 26(15), (17) and (21) to (27) of that Act, (c) where before the particular time a subsidiary (to the winding-up of which the rules in subsection 88(1) applied) of the particular corporation has been wound up, up after 1978, an amount equal to the pre-1972 capital surplus on hand of the subsidiary immediately before the commencement of the winding-up, and (d) where the particular corporation is a new corporation formed as a result of an amalgamation (within the meaning of section 87) after 1978 and before the particular time, the total of all amounts each of which is an amount in respect of a predecessor corporation, equal to the predecessor corporation’s pre-1972 capital surplus on hand immediately before the amalgamation (e) the total of all amounts each of which is an amount in respect of a capital property (other than depreciable property) of the corporation owned by it on December 31, 1971 and disposed of by it after 1978 and before the particular time equal to the amount, if any, by which its actual cost to the corporation determined without reference to the Income Tax Application Rules, other than subsections 26(15), (17) and (21) to (27) of that Act, exceeds the greater of the fair market value of the property on valuation day (within the meaning assigned by section 24 of that Act) and the proceeds of disposition of the property. (2.2) For the purposes of determining the pre-1972 capital surplus on hand of any corporation at a particular time after 1978, the following rules apply: (a) an amount referred to in paragraphs 88(2.1)(b) and 88(2.1)(e) in respect of the corporation shall be deemed to be nil, where the property disposed of is (i) a share of the capital stock of a subsidiary, within the meaning of subsection 88(1), that was disposed of on the winding-up of the subsidiary where that winding-up commenced after 1978, (ii) a share of the capital stock of another Canadian corporation that was controlled, within the meaning assigned by subsection 186(2), by the corporation immediately before the disposition and that was disposed of by the corporation after 1978 to a person with whom the corporation was not dealing at arm’s length immediately after the disposition, other than by a disposition referred to in paragraph 88(2.2)(b), or (iii) subject to subsection 26(21) of the Income Tax Application Rules, a share of the capital stock of a particular corporation that was disposed of by the corporation after 1978, on an amalgamation, within the meaning assigned by subsection 87(1), where the corporation controlled, within the meaning assigned by subsection 186(2), both the particular corporation immediately before the amalgamation and the new corporation immediately after the amalgamation; and (b) where another corporation that is a Canadian corporation owned a capital property on December 31, 1971 and subsequently disposed of it to the corporation in a transaction to which section 85 applied, the other corporation shall be deemed not to have disposed of that property in the transaction and the corporation shall be deemed to have owned that property on December 31, 1971 and to have acquired it at an actual cost equal to the actual cost of that property to the other corporation. (2.3) For the purpose of subsection 88(2.1), the actual cost of the depreciable property that was acquired by a corporation before the commencement of its 1949 taxation year that is capital property referred to in that subsection shall be deemed to be the capital cost of that property to the corporation, within the meaning assigned by section 14 of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as it read in its application to the 1971 taxation year). Liquidation and dissolution of foreign affiliate
24 (1) [Abrogé, 2016, ch. 12, art. 8] Entreprise exploitée par l’époux ou le conjoint de fait ou par une société contrôlée
Notwithstanding subsection 69(5), if at any time a taxpayer receives a property (referred to in this subsection as the “distributed property”) from a foreign affiliate (referred to in this subsection as the “disposing affiliate”) of the taxpayer on a liquidation and dissolution of the disposing affiliate and the distributed property is received in respect of shares of capital stock of the disposing affiliate that are disposed of on the liquidation and dissolution, (a) subject to subsections (3.3) and (3.5), the distributed property is deemed to have been disposed of at that time by the disposing affiliate to the taxpayer for proceeds of disposition equal to the relevant cost base (within the meaning assigned by subsection 95(4)) to the disposing affiliate of the distributed property in respect of the taxpayer, immediately before that time, if (i) the liquidation and dissolution is a qualifying liquidation and dissolution of the disposing affiliate, or (ii) the distributed property is a share of the capital stock of another foreign affiliate of the taxpayer that was, immediately before that time, excluded property (within the meaning assigned by subsection 95(1)) of the disposing affiliate; (b) if paragraph (a) does not apply to the distributed property, the distributed property is deemed to have been disposed of at that time by the disposing affiliate to the taxpayer for proceeds of disposition equal to the distributed property’s fair market value at that time; (c) the distributed property is deemed to have been acquired, at that time, by the taxpayer at a cost equal to the amount determined under paragraph (a) or (b) to be the disposing affiliate’s proceeds of disposition of the distributed property; (d) each share (referred to in paragraph (c) and subsections (3.3) and (3.4) as a “disposed share”) of a class of the capital stock of the disposing affiliate that is disposed of by the taxpayer on the liquidation and dissolution is deemed to be disposed of for proceeds of disposition equal to the amount determined by the formula A is the total of all amounts each of which is the distribution amount in respect of a distribution of distributed property made, at any time, in respect of the class, and B is the total number of issued and outstanding shares of the class that are owned by the taxpayer during the liquidation and dissolution; and (e) if the liquidation and dissolution is a qualifying liquidation and dissolution of the disposing affiliate, any loss of the taxpayer in respect of the disposition of a disposed share is deemed to be nil. Qualifying liquidation and dissolution (3.1) For the purposes of subsections (3), (3.3) and (3.5), a qualifying liquidation and dissolution of a foreign affiliate (referred to in this subsection as the “disposing affiliate”) of a taxpayer means a liquidation and dissolution of the disposing affiliate in respect of which the taxpayer elects in accordance with prescribed rules and (a) the taxpayer owns not less than 90% of the issued and outstanding shares of each class of the capital stock of the disposing affiliate throughout the liquidation and dissolution; or (b) both (i) the percentage determined by the following formula is greater than or equal to 90%: A is the amount, if any, by which (A) the total of all amounts each of which is the fair market value, at the time at which it is distributed, of a property that is distributed by the disposing affiliate to the taxpayer in the course of the liquidation and dissolution in respect of shares of the capital stock of the disposing affiliate (B) the total of all amounts each of which is an amount owing (other than an unpaid dividend) by, or an obligation of, the disposing affiliate that was assumed or cancelled by the taxpayer in consideration for a property referred to in clause (A), and B is the amount, if any, by which (A) the total of all amounts each of which is the fair market value, at the time at which it is distributed, of a property that is distributed by the disposing affiliate to a shareholder of the disposing affiliate in the course of the liquidation and dissolution in respect of shares of the capital stock of the disposing affiliate (B) the total of all amounts each of which is an amount owing (other than an unpaid dividend) by, or an obligation of, the disposing affiliate that was assumed or cancelled by a shareholder of the disposing affiliate in consideration for a property referred to in clause (A), and (ii) at the time of each distribution of property by the disposing affiliate in the course of the liquidation and dissolution in respect of shares of the capital stock of the disposing affiliate, the taxpayer holds shares of that capital stock that would, if an annual general meeting of the shareholders of the disposing affiliate were held at that time, entitle it to 90% or more of the votes that could be cast under all circumstances at the meeting. Net distribution amount SUBDIVISION H Corporations Resident in Canada and their Shareholders distribution of distributed property means the amount determined by the formula A is the cost to the taxpayer of the distributed property as determined under paragraph (3)(c), and B is the total of all amounts each of which is an amount owing (other than an unpaid dividend) by, or an obligation of, the disposing affiliate that was assumed or cancelled by the taxpayer in consideration for the distribution of the distributed property. Suppression election (3.3) For the purposes of paragraph (3)(a), if the liquidation and dissolution is a qualifying liquidation and dissolution of the disposing affiliate and the taxpayer would, in the absence of this subsection and, for greater certainty, after taking into account any election under subsection 93(1), realize a capital gain (the amount of which is referred to in subsection (3.4) as the “capital gain amount”) from the disposition of a disposed share, the taxpayer may elect, in accordance with prescribed rules, that distributed property that was, immediately before the disposition, capital property of the disposing affiliate be deemed to have been disposed of by the disposing affiliate to the taxpayer for proceeds of disposition equal to the amount claimed (referred to in subsection (3.4) as the “claimed amount”) by the taxpayer in the election. Conditions for subsection (3.3) election (3.4) An election under subsection (3.3) in respect of distributed property disposed of in the course of the liquidation and dissolution is not valid unless (a) the claimed amount in respect of each distributed property does not exceed the amount that would, in the absence of subsection (3.3), be determined under paragraph (3)(a) in respect of the distributed property; and (b) the amount determined by the following formula does not exceed the total of all amounts each of which is the capital gain amount in respect of a disposed share: A is the total of all amounts that would, in the absence of subsection (3.3), be determined under paragraph (3)(a) to be the proceeds of disposition of a distributed property in respect of which an SUBDIVISION H Corporations Resident in Canada and their Shareholders election under subsection (3.3) is made by the taxpayer, and B is the total of all amounts each of which is the claimed amount in respect of a distributed property referred to in the description of A. Taxable Canadian property (3.5) For the purposes of paragraph (3)(a), the distributed property is deemed to have been disposed of by the disposing affiliate to the taxpayer for proceeds of disposition equal to the adjusted cost base of the distributed property to the disposing affiliate immediately before the time of its disposition, if (a) the liquidation and dissolution is a qualifying liquidation and dissolution of the disposing affiliate; (b) the distributed property is, at the time of its disposition, taxable Canadian property (other than treaty-protected property) of the disposing affiliate that is a share of the capital stock of a corporation resident in Canada; and (c) the taxpayer and the disposing affiliate have jointly elected in accordance with prescribed rules. Amalgamation deemed not to be acquisition of control
Si, à un moment donné, un particulier cesse d’exploiter une entreprise et que, par la suite, son époux ou conjoint de fait ou une société que le particulier contrôle directement ou indirectement, de quelque manière que ce soit, exploite l’entreprise et acquiert tous les biens faisant partie de la catégorie 14.1 de l’annexe II du Règlement de l’impôt sur le revenu, relativement à cette entreprise, que le particulier était propriétaire immédiatement avant ce moment, qui avaient une valeur à ce moment, les règles ci-après s’appliquent : a) le particulier est réputé avoir, immédiatement avant ce moment, disposé des biens et en avoir produit un produit de disposition égal au moindre du coût en capital des biens et du coût indiqué des biens pour le particulier, immédiatement avant la disposition; b) l’époux, le conjoint de fait ou la société, selon le cas, est réputé avoir acquis les biens à un coût égal à ce produit de disposition; c) pour l’application des articles 13 et 20 et des dispositions réglementaires prises pour l’application de l’alinéa 20(1)a), si la somme qui était le coût en capital des biens pour le particulier est supérieure à la somme déterminée selon l’alinéa 70(5)b) comme étant le coût pour la personne qui a acquis le bien, (i) le coût en capital des biens pour la personne est réputé égal à la somme qui était son coût en capital pour le particulier, (ii) l’excédent est réputé avoir été accordé à la personne relativement aux biens, selon les dispositions réglementaires prises pour l’application de l’alinéa 20(1)a), dans le calcul de son revenu pour les années d’imposition terminées avant qu’elle n’acquière le bien.
For the purposes of paragraphs (1)(c), (c.2), (d) and (d.2) and, for greater certainty, paragraphs (c.3) to (c.8) and (d.3), (a) subject to paragraph 88(4)(c), control of any corporation shall be deemed not to have been acquired because of an amalgamation; (b) any corporation formed as a result of an amalgamation shall be deemed to be the same corporation as, and a continuation of, each predecessor corporation; and (c) in the case of an amalgamation described in subsection 87(9), control of a predecessor corporation that was not controlled by the parent before the amalgamation shall be deemed to have been acquired by the parent immediately before the amalgamation. SUBDIVISION H Corporations Resident in Canada and their Shareholders (a) the distribution is a SIFT trust wind-up event; (b) the trust is (i) a SIFT wind-up entity whose only beneficiary, at all times at which the trust makes a distribution that is a SIFT trust wind-up event, is a taxable Canadian corporation, or (ii) a trust whose only beneficiary, at all times at which the trust makes a distribution that is a SIFT trust wind-up event, is another trust described by subparagraph (i); (c) where the trust is a SIFT wind-up entity, the distribution occurs no more than 60 days after the earlier of (i) the first SIFT trust wind-up event of the trust, and (ii) the first distribution to the trust that is a SIFT trust wind-up event of another trust; and (i) the property was not acquired by the trust on a distribution to which subsection 107(3.1) applies, and (ii) the trust elects in writing, filed with the Minister on or before the trust’s filing-due date for its taxation year that includes the time of the distribution, that this section apply to the distribution. SIFT trust wind-up event
[Abrogé, 2016, ch. 12, art. 8] [NOTE : Les dispositions d’application ne sont pas incluses dans le présent codification; voir les lois et règlements modificatifs appropriés : L.R. (1985), ch. 1 (5e suppl.), art. 24; 1994, ch. 7, ann. II, art. 8; 1995, ch. 3, art. 8; 2000, ch. 12, art. 142; 2010, ch. 17, art. 16; 2016, ch. 12, art. 8.]
If this subsection applies to a trust’s distribution of property to a taxpayer, subsections 88(1) to (1.7), and section 87 and paragraphs 256(7)(a) to (e) as they apply for the purposes of those subsections, apply, with any modifications that the circumstances require, as if (a) the trust were a taxable Canadian corporation (in this subsection referred to as the “subsidiary”) that is not a private corporation; (b) where the taxpayer is a SIFT wind-up entity, the taxpayer were a taxable Canadian corporation that is not a private corporation; (c) the distribution were a winding-up of the subsidiary; (d) the taxpayer’s interest as a beneficiary under the trust were shares of a single class of shares of the capital stock of the subsidiary owned by the taxpayer; (e) paragraph 88(1)(d) deemed the taxpayer’s proceeds of disposition of the shares described in paragraph (d) and owned by the taxpayer immediately before the distribution to be equal to the adjusted cost base to the taxpayer of the taxpayer’s interest as a beneficiary under the trust immediately before the distribution; (f) each trust, a majority-interest beneficiary (in this subsection, within the meaning assigned by section 251.1) of which is another trust that is by operation of this subsection treated as if it were a corporation, were a corporation; and (g) except for the purposes of subsections 88(1.1) and (1.2), the taxpayer last acquired control of the subsidiary and of each corporation (including a trust that is by operation of this subsection treated as if it were a corporation) controlled by the subsidiary at the time, if any, at which the taxpayer last became a majority-interest beneficiary of the trust. adjusted taxable income of a corporation for a taxation year is the amount determined by the formula (a) unless paragraph (b) applies, the corporation’s taxable income for the taxation year, and (b) if the corporation is a deposit insurance corporation in the taxation year, nil, B is the amount determined by multiplying the amount, if any, deducted by the corporation under subsection 125(1) for the taxation year by the quotient obtained by dividing 100 by the rate of the deduction provided under that subsection for the taxation year, and (a) if the corporation is a Canadian-controlled private corporation in the taxation year, the lesser of the corporation’s aggregate investment income for the taxation year and the corporation’s taxable income for the taxation year, and Canadian corporation at any time means a corporation that is resident in Canada at that time and was (b) resident in Canada throughout the period that began on June 18, 1971 and that ends at that time, and for greater certainty, a corporation formed at any particular time by the amalgamation or merger of, or by a plan of arrangement or other corporate reorganization in respect of, 2 or more corporations each of which was a result of the acquisition of property of one corporation by another corporation, pursuant to the purchase of the property by the other corporation or as a result of the distribution of the property to the other corporation on the winding-up of the corporation is a Canadian corporation because of paragraph (a) only if (c) that reorganization took place under the laws of Canada or a province, and capital dividend account of a corporation at any particular time means the amount, if any, by which the total of (a) the amount, if any, by which the total of (i) the total of all amounts each of which is the amount if any, by which (A) the amount of the corporation’s capital gain — computed without reference to subclause 52(3)(a)(ii)(A)(II) and subparagraph 53(1)(b)(ii) — from the disposition (other than a disposition under paragraph 40(3.1)(a) or subsection 40(12) or a disposition that is the making of a gift after December 8, 1997 that is not a gift described in subsection 110.1(1)) of a property in the period beginning at the beginning of its first taxation year that began after the corporation last became a private corporation and that ended after 1971 and ending immediately before the particular time (in this definition referred to as the period) exceeds the total of (B) the portion of the capital gain referred to in clause (A) that is the corporation’s taxable capital gain, (B.1) the corporation’s taxable capital gain from a disposition in the period under subsection 40(12), and (C) the portion of the amount, if any, by which the amount determined under clause (A) exceeds the amount determined under clause (B) from the disposition by it of a property that can reasonably be regarded as having accrued while the property, or a property for which it was substituted, (I) except in the case of a disposition of a designated property, was a property of a corporation (other than a private corporation, an investment corporation, a mortgage investment corporation or a mutual fund corporation), (II) where, after November 26, 1987, the property became a property of a Canadian-controlled private corporation (otherwise than by reason of a change in the residence of one or more shareholders of the corporation), was a property of a corporation controlled directly or indirectly in any manner whatever by one or more non-resident persons, or (III) where, after November 26, 1987, the property became a property of a private corporation that was not exempt from tax under this Part on its taxable income, was a property of a corporation exempt from tax under this Part on its taxable income, and (i.1) all amounts each of which is an amount in respect of a distribution made, in the period and after September 15, 2016, by a trust to the corporation in respect of capital gains of the trust equal to the lesser of (A) the amount, if any, by which (I) the amount of the distribution exceeds (II) the amount designated under subsection 104(21) by the trust in respect of the net taxable capital gains of the trust attributable to those capital gains, and (B) the amount determined by the formula A is the fraction or whole number determined when 1 is subtracted from the reciprocal of the fraction under paragraph 38(a) applicable to the trust for the year, and B is the amount referred to in subclause (A)(II), (iii) the total of all amounts each of which is the amount, if any, by which (A) the amount of the corporation’s capital loss — computed without reference to subclause 52(3)(a)(ii)(A)(II) and subparagraph 53(1)(b)(ii) — from the disposition (other than a disposition under subsection 40(3.12) or a disposition that is the making of a gift after December 8, 1997 that is not a gift described in subsection 110.1(1)) of a property in the period exceeds the total of (B) the part of the capital loss referred to in clause (A) that is the corporation’s allowable capital loss, and (C) the portion of the amount, if any, by which the amount determined under clause (A) exceeds the amount determined under clause (B) from the disposition by it of a property that can reasonably be regarded as having accrued while the property, or a property for which it was substituted, (I) except in the case of a disposition of a designated property, was a property of a corporation (other than a private corporation, an investment corporation, a mortgage investment corporation or a mutual fund corporation), (II) where, after November 26, 1987, the property became a property of a Canadian-controlled private corporation (otherwise than by reason of a change in the residence of one or more shareholders of the corporation), was a property of a corporation controlled directly or indirectly in any manner whatever by one or more non-resident persons, or (III) where, after November 26, 1987, the property became a property of a private corporation that was not exempt from tax under this Part on its taxable income, was a property of a corporation exempt from tax under this Part on its taxable income, (b) all amounts each of which is an amount in respect of a dividend received by the corporation on a share of the capital stock of another corporation in the period, which amount was, by virtue of subsection 83(2), not included in computing the income of the corporation, (c) the total of all amounts each of which is an amount required to have been included under this paragraph as it read in its application to a taxation year that ended before February 28, 2000, (c.1) the amount, if any, by which (i) 1/2 of the total of all amounts each of which is an amount required by paragraph 14(1)(b) (as it read before 2017) to be included in computing the corporation’s income in respect of a business carried on by the corporation for a taxation year that is included in the period and that ended after February 27, 2000 and before October 18, 2000, (ii) where the corporation has deducted an amount under subsection 20(4.2) in respect of a debt established by it to have become a bad debt in a taxation year that is included in the period and that ended after February 27, 2000 and before October 18, 2000, or has an allowable capital loss for such a year because of the application of subsection 20(4.3), the amount determined by the formula V is 1/2 of the value determined for A under subsection 20(4.2) in respect of the corporation for the last such taxation year that ended in the period, and W is 1/3 of the value determined for B under subsection 20(4.2) in respect of the corporation for the last such taxation year that ended in the period, and (c.2) the amount, if any, by which SUBDIVISION H Corporations Resident in Canada and their Shareholders (i) the total of all amounts each of which is an amount required by paragraph 14(1)(b) (as it read before 2017) or subparagraph 13(38)(d)(iii) to be included in computing the corporation’s income in respect of a business carried on by the corporation for a taxation year that is included in the period and that ends after October 17, 2000, (ii) where the corporation has deducted an amount under subsection 20(4.2) in respect of a debt established by it to have become a bad debt in a taxation year that is included in the period and that ends after October 17, 2000, or has an allowable capital loss for such a year because of the application of subsection 20(4.3), the amount determined by the formula X is the value determined for A under subsection 20(4.2) in respect of the corporation for the last such taxation year that ended in the period, and Y is 1/3 of the value determined for B under subsection 20(4.2) in respect of the corporation for the last such taxation year that ended in the period, and (i) all amounts each of which is the proceeds of a life insurance policy of which the corporation was a beneficiary on or before June 28, 1982 received by the corporation in the period and after 1971 in consequence of the death of any person, and (ii) all amounts each of which is the proceeds of a life insurance policy (other than an LIA policy) of which the corporation was not a beneficiary on or before June 28, 1982 received by the corporation in the period and after May 23, 1985 in consequence of the death of any person exceeds the total of all amounts each of which is (iii) the adjusted cost basis (in this paragraph as defined in subsection 148(9)), immediately before the death, of (A) if the death occurs before March 22, 2016, a policy referred to in subparagraph (i) or (ii) to the corporation, and (B) if the death occurs after March 21, 2016, a policyholder’s interest in a policy referred to in subparagraph (i) or (ii), (iv) if the policy is a 10/8 policy immediately before the death and the death occurs after 2013, the amount outstanding, immediately before the death, of the borrowing that is described in subparagraph (a)(i) of the definition 10/8 policy in subsection 248(1) in respect of the policy, (v) if the death occurs after March 21, 2016, an interest in the policy was disposed of by a policyholder (other than a taxable Canadian corporation) after 1999 and before March 22, 2016 and subsection 148(7) applied to the disposition, the total of (A) the amount, if any, by which the fair market value of consideration given in respect of the disposition exceeds the total of (I) the greater of the amount determined under subparagraph 148(7)(a)(i) in respect of the disposition and the adjusted cost basis to the policyholder of the interest immediately before the disposition, and (II) the amount by which the paid-up capital of any class of the capital stock of a corporation resulting from the disposition is reduced at the beginning of March 22, 2016 because of the application of paragraphs 148(7)(c) and (f) in respect of the disposition, and (B) if the paid-up capital in respect of a class of shares of the capital stock of a corporation was increased before March 22, 2016 as described in subparagraph 148(7)(f)(iii) in respect of the disposition, the amount, if any, by which that increase in the paid-up capital in respect of that class — not exceeding the amount of that increase — after that increase and before March 22, 2016 (except to the extent that the amount of the reduction was deemed by subsection 84(4) or (4.1) to be a dividend received by a taxpayer) exceeds the amount determined under subparagraph 148(7)(a)(i) in respect of the disposition, or (vi) if the death occurs after March 21, 2016, an interest in the policy was disposed of by a policyholder (other than a taxable Canadian corporation) after 1999 and before March 22, 2016 and subsection 148(7) applied to the disposition, the amount, if any, determined by the formula SUBDIVISION H Corporations Resident in Canada and their Shareholders A is the amount, if any, by which the lesser of the adjusted cost basis to the policyholder of the interest immediately before the disposition and the fair market value of consideration given in respect of the disposition exceeds the amount determined under subparagraph 148(7)(a)(i) in respect of the disposition, and B is the absolute value of the negative amount, if any, that would be, in the absence of section 257, the adjusted cost basis, immediately before the death, of the interest in the policy, (e) the amount of the corporation’s life insurance capital dividend account immediately before May 24, 1985, and (f) all amounts each of which is an amount in respect of a distribution made, in the period and before September 16, 2016, by a trust to the corporation in respect of capital gains of the trust equal to the lesser of (i) the amount, if any, by which (A) the amount of the distribution (B) the amount designated under subsection 104(21) by the trust (other than a designation to which subsection 104(21.4), as it read in its application to the corporation’s last taxation year that began before November 2011, applied) in respect of the net taxable capital gains of the trust attributable to those capital gains, and (ii) the amount determined by the formula A is the fraction or whole number determined when 1 is subtracted from the reciprocal of the fraction under paragraph 38(a) applicable to the trust for the year, and B is the amount referred to in clause (i)(B), and (g) all amounts each of which is an amount in respect of a distribution made by a trust to the corporation in the period in respect of a dividend (other than a taxable dividend) paid on a share of the capital stock of another corporation resident in Canada to the trust during a taxation year of the trust throughout which the trust was resident in Canada equal to the lesser of (i) the amount of the distribution, and (ii) the amount designated under subsection 104(20) by the trust in respect of the corporation in respect of that dividend, exceeds the total of all capital dividends that became payable by the corporation after the commencement of the period and before the particular time; (compte de dividendes en capital) designated property means (a) any property of a private corporation that last became a private corporation before November 13, 1981 and that was acquired by it (i) before November 13, 1981, or (ii) after November 12, 1981 pursuant to an agreement in writing entered into on or before that date, (b) any property of a private corporation that was acquired by it from another private corporation with which the private corporation was not dealing at arm’s length (otherwise than by virtue of a right referred to in paragraph 251(5)(b)) at the time the property was acquired, where the property was a designated property of the other private corporation, (c) a share acquired by a private corporation in a transaction to which section 51, subsection 85(1) or section 85.1, 86 or 87 applied in exchange for another share that was a designated property of the corporation, or (a) an amount that is equal to the portion of a taxable dividend that is received by a person resident in Canada, paid by a corporation resident in Canada and designated under subsection (14) to be an eligible dividend, and (b) in respect of a person resident in Canada, an amount that is deemed by subsection 96(1.1) or 104(16) to be a taxable dividend that is received by the person; (dividende déterminé) excessive eligible dividend designation, made by a corporation in respect of an eligible dividend paid by the corporation at any time in a taxation year, means SUBDIVISION H Corporations Resident in Canada and their Shareholders (a) unless paragraph (c) applies to the dividend, if the corporation is in the taxation year a Canadian-controlled private corporation or a deposit insurance corporation, the amount, if any, determined by the formula A is the total of all amounts each of which is the amount of an eligible dividend paid by the corporation in the taxation year, B is the greater of nil and the corporation’s general rate income pool at the end of the taxation year, and C is the amount of the eligible dividend, (b) unless paragraph (c) applies to the dividend, if the corporation is not a corporation described in paragraph (a), the amount, if any, determined by the formula A is the lesser of (i) the total of all amounts each of which is an eligible dividend paid by the corporation at that time, and (ii) the corporation’s low rate income pool at that time, B is the amount of the eligible dividend, and C is the amount determined under subparagraph (i) of the description of A, and (c) an amount equal to the amount of the eligible dividend, if it is reasonable to consider that the eligible dividend was paid in a transaction, or as part of a series of transactions, one of the main purposes of which was to artificially maintain or increase the corporation’s general rate income pool, or to artificially maintain or decrease the corporation’s low rate income pool; (désignation excessive de dividende déterminé) general rate factor of a corporation for a taxation year is the total of (a) that proportion of 0.68 that the number of days in the taxation year that are before 2010 is of the number of days in the taxation year, (b) that proportion of 0.69 that the number of days in the taxation year that are in 2010 is of the number of days in the taxation year, (c) that proportion of 0.70 that the number of days in the taxation year that are in 2011 is of the number of days in the taxation year, and general rate income pool at the end of a particular taxation year, of a taxable Canadian corporation that is a Canadian-controlled private corporation or a deposit insurance corporation in the particular taxation year, is the positive or negative amount determined by the formula A is the positive or negative amount that would, before taking into consideration the specified future tax consequences for the particular taxation year, be determined by the formula C is the corporation’s general rate income pool at the end of its preceding taxation year, D is the amount, if any, that is the product of the corporation’s general rate factor for the particular taxation year multiplied by its adjusted taxable income for the particular taxation year, E is the total of all amounts each of which is (a) an eligible dividend received by the corporation in the particular taxation year, or (b) an amount deductible under section 113 in computing the taxable income of the corporation for the particular taxation year, F is the total of all amounts determined under subsections (4) to (6) in respect of the corporation for the particular taxation year, and (a) unless paragraph (b) applies, the amount, if any, by which (i) the total of all amounts each of which is the amount of an eligible dividend paid by the corporation in its preceding taxation year (ii) the total of all amounts each of which is an excessive eligible dividend designation made by the corporation in its preceding taxation year, or (b) if subsection (4) applies to the corporation in the particular taxation year, nil, and B is the amount determined by the formula H is the corporation’s general rate factor for the particular taxation year, I is the total of the corporation’s full rate taxable incomes (as would be defined in the definition **full rate taxable income** in subsection 123.4(1), if that definition were read without reference to its subparagraphs (a)(i) to (iii)) for the corporation’s preceding three taxation years, determined without taking into consideration the specified future tax consequences, for those preceding taxation years, that arise in respect of the particular taxation year, and J is the total of the corporation’s full rate taxable incomes (as would be defined in the definition **full rate taxable income** in subsection 123.4(1), if that definition were read without reference to its subparagraphs (a)(i) to (iii)) for those preceding taxation years; (**compte de revenu à taux général**) **low rate income pool**, at any particular time in a particular taxation year, of a corporation (in this definition referred to as the “non-CCPC”) that is resident in Canada and is in the particular taxation year neither a Canadian-controlled private corporation nor a deposit insurance corporation, is the amount determined by the formula A is the non-CCPC’s low rate income pool at the end of its preceding taxation year, B is the total of all amounts each of which is an amount deductible under section 112 in computing the non-CCPC’s taxable income for the year in respect of a taxable dividend (other than an eligible dividend) that became payable, in the particular taxation year but before the particular time, to the non-CCPC by a corporation resident in Canada, C is the total of all amounts determined under subsections (8) to (10) in respect of the non-CCPC for the particular taxation year, SUBDIVISION H Corporations Resident in Canada and their Shareholders (a) if the non-CCPC was a substantive CCPC at any time in its preceding taxation year or would, but for paragraph (d) of the definition Canadian-controlled private corporation in subsection 125(7), be a Canadian-controlled private corporation in its preceding taxation year, 80% of its aggregate investment income for its preceding taxation year, and (b) in any other case, nil, (a) if the non-CCPC was not a Canadian-controlled private corporation in its preceding taxation year, 80% of the amount determined by multiplying the amount, if any, deducted by the corporation under subsection 125(1) for that preceding taxation year by the quotient obtained by dividing 100 by the rate of the deduction provided under that subsection for that preceding taxation year, and (b) in any other case, nil, (a) if the non-CCPC was an investment corporation in its preceding taxation year, four times the amount, if any, deducted by it under subsection 130(1) for its preceding taxation year, and (b) in any other case, nil, G is the total of all amounts each of which is a taxable dividend (other than an eligible dividend, a capital gains dividend within the meaning assigned by subsection 131(4) or 131(1) or a taxable dividend deductible by the non-CCPC under subsection 130.1(1) in computing its income for the particular taxation year or for its preceding taxation year) that became payable by the non-CCPC (a) in the particular taxation year but before the particular time, or (b) in the preceding taxation year, but only to the extent of the lesser of (i) the amount included under the description of D in the particular taxation year, and (ii) the portion of the taxable dividend that did not reduce the non-CCPC’s low rate income pool, and H is the total of all amounts each of which is an excessive eligible dividend designation made by the non-CCPC in the particular taxation year but before the particular time; (compte de revenu à taux réduit) paid-up capital at any particular time means, (a) in respect of a share of any class of the capital stock of a corporation, an amount equal to the paid-up capital at that time, in respect of the class of shares of the capital stock of the corporation to which that share belongs, divided by the number of issued shares of that class outstanding at that time, (b) in respect of a class of shares of the capital stock of a corporation, (i) where the particular time is before May 7, 1974, an amount equal to the paid-up capital in respect of that class of shares at the particular time, computed without reference to the provisions of this Act, (ii) where the particular time is after May 6, 1974, and before April 1, 1977, an amount equal to the paid-up capital in respect of that class of shares at the particular time, computed in accordance with the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as it read on March 31, 1977, and (iii) if the particular time is after March 31, 1977, an amount equal to the paid-up capital in respect of that class of shares at the particular time, computed without reference to the provisions of this Act except subsections 51(3) and 66.3(2) and (4), sections 84.1 and 84.2, subsections 85(2.1), 85.1(2.1) and (8), 86(2.1), 87(3) and (9), paragraph 128.1(1)(c.3), subsections 128.1(2) and (3), section 135.2, subsections 138(11.7), 139.1(6) and (7), 148(7), 192(4.1) and 194(4.1) and sections 212.1 and 212.3, except that, where the corporation is a cooperative corporation (within the meaning assigned by subsection 136(2)) or a credit union and the statute by or under which it was incorporated does not provide for paid-up capital in respect of a class of shares, the paid-up capital in respect of that class of shares at the particular time, computed without reference to the provisions of this Act, shall be deemed to be the amount, if any, by which (iv) the total of the amounts received by the corporation in respect of shares of that class issued and outstanding at that time (v) the total of all amounts each of which is an amount or part thereof described in subparagraph (iv) repaid by the corporation to persons who held any of the issued shares of that class before that time, and (c) in respect of all the shares of the capital stock of a corporation, an amount equal to the total of all amounts each of which is an amount equal to the paid-up capital in respect of any class of shares of the capital stock of the corporation at the particular time; (capital versé) private corporation at any particular time means a corporation that, at the particular time, is resident in Canada, is not a public corporation and is not controlled by one or more public corporations (other than prescribed venture capital corporations) or prescribed federal Crown corporations or by any combination thereof and, for greater certainty, for the purposes of determining at any particular time when a corporation last became a private corporation, (a) a corporation that was a private corporation at the commencement of its 1972 taxation year and thereafter without interruption until the particular time shall be deemed to have last become a private corporation at the end of its 1971 taxation year, and (b) a corporation incorporated after 1971 that was a private corporation at the time of its incorporation and thereafter without interruption until the particular time shall be deemed to have last become a private corporation immediately before the time of its incorporation; (société privée) public corporation at any particular time means (a) a corporation that is resident in Canada at the particular time if at that time a class of shares of the capital stock of the corporation is listed on a designated stock exchange in Canada, (b) a corporation (other than a prescribed labour-sponsored venture capital corporation) that is resident in Canada at the particular time if at any time after June 18, 1971 and (i) before the particular time, it elected in prescribed manner to be a public corporation, and at the time of the election it complied with prescribed conditions relating to the number of its shareholders, the dispersal of ownership of its shares and the public trading of its shares, or (ii) before the day that is 30 days before the day that includes the particular time it was, by notice in writing to the corporation, designated by the Minister to be a public corporation and at the time it was so designated it complied with the conditions referred to in subparagraph (i), unless after the election or designation, as the case may be, was made and before the particular time, it ceased to be a public corporation because of an election or designation under paragraph (c), or (c) a corporation (other than a prescribed labour-sponsored venture capital corporation) that is resident in Canada at the particular time if, at any time after June 18, 1971 and before the particular time it was a public corporation, unless after the time it last became a public corporation and (i) before the particular time, it elected in prescribed manner not to be a public corporation, and at the time it so elected it complied with prescribed conditions relating to the number of its shareholders, the dispersal of ownership of its shares and the public trading of its shares, or (ii) before the day that is 30 days before the day that includes the particular time, it was, by notice in writing to the corporation, designated by the Minister not to be a public corporation and at the time it was so designated it complied with the conditions referred to in subparagraph (i), and where a corporation has, on or before its filing-due date for its first taxation year, become a public corporation, it is, if it so elects in its return of income for the year, deemed to have been a public corporation from the beginning of the year until the time when it so became a public corporation; (société publique) taxable Canadian corporation means a corporation that, at the time the expression is relevant, (a) was a Canadian corporation, and (b) was not, by reason of a statutory provision, exempt from tax under this Part; (société canadienne imposable) taxable dividend means a dividend other than (a) a dividend in respect of which the corporation paying the dividend has elected in accordance with subsection 83(1) as it read prior to 1979 or in accordance with subsection 83(2), and (b) a qualifying dividend paid by a public corporation to shareholders of a prescribed class of tax-deferred preferred shares of the corporation within the meaning of subsection 83(1). (dividende imposable) (1.01) The definitions in subsection 138(12) apply to this section. Capital dividend account where control acquired (1.1) Where at any particular time after March 31, 1977 a corporation that was, at a previous time, a private corporation controlled directly or indirectly in any manner whatever by one or more non-resident persons becomes a Canadian-controlled private corporation (otherwise than by reason of a change in the residence of one or more of its shareholders), in computing the corporation’s capital dividend account at and after the particular time there shall be deducted the amount of the corporation’s capital dividend account immediately before the particular time. (1.2) Where at any particular time after November 26, 1987 a corporation ceases to be exempt from tax under this Part on its taxable income, in computing the corporation’s capital dividend account at and after the SUBDIVISION H Corporations Resident in Canada and their Shareholders particular time there shall be deducted the amount of the corporation’s capital dividend account (computed without reference to this subsection) immediately after the particular time. Where corporation is beneficiary
Election Dispositions in extended fiscal period exceeds exceeds calcul de son revenu pour l’année d’imposition précédente, (ii) la partie du montant visé au sous-alinéa (i) qui représente une perte subie de la banque pour l’année d’imposition précédente; d) le solde du compte de provisions admissibles aux déductions d’impôt de la banque calculé à la fin de l’année d’imposition précédente selon les règles du ministre ou qui le serait si la banque y était tenue. Banques — éléments à déduire du revenu
For the purposes of this section, (a) where a corporation was a beneficiary under a life insurance policy on June 28, 1982, it shall be deemed not to have been a beneficiary under such a policy on or before June 28, 1982 where at any time after December 1, 1982 a prescribed premium has been paid under the policy or there has been a prescribed increase in any benefit on death under the policy; and (b) where a corporation becomes a beneficiary under a life insurance policy by virtue of an amalgamation or a winding-up to which subsection 87(1) or 88(1) applies, it shall be deemed to have been a beneficiary under the policy throughout the period during which its predecessor or subsidiaries, as the case may be, was a beneficiary under the policy.
Un montant ne dépassant pas le total des montants suivants est déductible dans le calcul du revenu pour une année d’imposition d’une banque : a) la partie, précisée par la banque pour l’année et non déduite par elle dans le calcul de son revenu pour une année d’imposition antérieure, du total des montants dans une la banque a vécu des pertes moyennes sur prêts des cinq dernières années — selon les règles du ministre ou selon ce qu’elles seraient si la banque y était tenue — pour les années d’imposition antérieures à la première année d’imposition commençant après le 17 juin 1987 et se terminant après 1987; b) la partie, précisée par la banque pour l’année et non déduite par elle dans le calcul de son revenu pour une année d’imposition antérieure, du total des montants dans une la banque a virés à son compte de provisions admissibles aux déductions d’impôt, qui est autorisée par les règles du ministre, pour les années d’imposition antérieures à la première année d’imposition commençant après le 17 juin 1987 et se terminant après 1987; c) la partie, précisée par la banque pour l’année et non déduite par elle dans le calcul de son revenu pour une année d’imposition antérieure, de l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le montant de la provision spéciale pour pertes sur créances transfrontalières calculé selon les règles du ministre — ou ce qu’il serait si la banque y était tenue — que la banque peut déduire en application du présent paragraphe dans le calcul de son revenu pour la dernière année d’imposition antérieure à la première année d’imposition commençant après le 17 juin 1987 et se terminant après 1987, (ii) la partie du montant visé au sous-alinéa (i) qui représente une perte subie de la banque pour la dernière année d’imposition; d) dans le cas où le compte de provisions admissibles aux déductions d’impôt de la banque à la fin de la dernière année d’imposition antérieure à la première année d’imposition commençant après le 17 juin 1987 et se terminant après 1987 calculé selon les règles du ministre — ou qui le serait si la banque y était tenue — est un montant négatif, la partie de ce montant, exprimée de façon positive, précisée par la banque pour l’année et non déduite par elle dans le calcul de son revenu pour une année d’imposition antérieure; e) la partie, précisée par la banque pour l’année et non déduite par elle dans le calcul de son revenu pour une année d’imposition antérieure, du total des montants calculés (ou qui le seraient si la banque y était tenue) selon les règles du ministre, à l’étape 2 de la Marche à suivre pour déterminer la provision pour pertes sur prêts figurant à l’annexe B de ces règles, pour les années d’imposition antérieures à la première année d’imposition commençant après le 17 juin 1987 et se terminant après 1987. Radiations et recouvrements
Where a dividend becomes payable at the same time on more than one class of shares of the capital stock of a corporation, for the purposes of sections 83, 84 and 88, the dividend on any such class of shares shall be deemed to become payable at a different time than the dividend on the other class or classes of shares and to become payable in the order designated (a) by the corporation on or before the day on or before which its return of income for its taxation year in which such dividends become payable is required to be filed; or (b) in any other case, by the Minister. GRIP addition — becoming CCPC
Les règles suivantes s’appliquent au calcul du revenu d’une banque : a) pour l’application de l’alinéa 12(1)i) et de l’article 12.4, le montant que la banque inscrit comme perte subie ou radiation d’un élément d’actif et inclus dans le calcul d’un montant déductible selon les règles du ministre — ou inclurait dans ce calcul si elle y était tenue — pour une année d’imposition antérieure à la première année d’imposition commençant après le 17 juin 1987 et se terminant après 1987 est réputé déduit par la banque en application de l’alinéa 20(1)p) dans le calcul de son revenu pour l’année où il est ainsi inscrit; b) pour l’application de l’article 12.4, le montant que la banque inscrit comme recouvrement d’une perte subie ou de radiation d’un élément d’actif et inclus dans le calcul d’un montant déductible selon les règles du ministre — ou inclurait dans ce calcul si elle y était tenue — pour une année d’imposition antérieure à la première année d’imposition commençant après le 17 juin 1987 et se terminant après 1987 est réputé inclus par la banque en application de l’alinéa 12(1)i) dans le calcul de son revenu pour l’année où il est ainsi inscrit. Definition of Minister’s rules [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 26; 1994, c. 7, Sch. II, s. 14(F). Presumption Transfers of land for disposition [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 27; 1998, c. 19, s. 82; 2001, c. 17, s. 17. Emissions allowances Determination of cost of emissions allowances Income Tax PART I Income Tax DIVISION B Computation of Income
If, in a particular taxation year, a corporation is a Canadian-controlled private corporation or a deposit insurance corporation but was, in its preceding taxation year, a corporation resident in Canada other than a Canadian-controlled private corporation or a deposit insurance corporation, there may be included in computing the corporation’s general rate income pool at the end of the particular taxation year, the amount determined by the formula is the total of all amounts each of which is the cost amount to the corporation of a property immediately before the end of its preceding taxation year; is the amount of any money of the corporation on hand immediately before the end of its preceding taxation year; is the amount, if any, by which (a) the total of all amounts that, if the corporation had had unlimited income for its preceding taxation year from each business carried on, and from each property held, by it in that preceding taxation year and had realized an unlimited amount of capital gains for that preceding taxation year, would have been deductible under subsection 111(1) in computing its taxable income for that preceding taxation year (b) the total of all amounts deducted under subsection 111(1) in computing the corporation’s taxable income for that preceding taxation year; is the total of all amounts each of which is the amount of any debt owing by the corporation, or of any other obligation of the corporation to pay an amount, that was outstanding immediately before the end of its preceding taxation year; is the paid up capital, immediately before the end of its preceding taxation year, of all of the issued and outstanding shares of the capital stock of the corporation; is the total of all amounts each of which is a reserve deducted in computing the corporation’s income for its preceding taxation year; is the corporation’s capital dividend account, if any, immediately before the end of its preceding taxation year; and is the corporation’s low rate income pool immediately before the end of its preceding taxation year.
(A + B)/C where A + B × C where D − (E + F) where Impôt sur le revenu
If a Canadian-controlled private corporation or a deposit insurance corporation (in this subsection referred to as the “new corporation”) is formed as a result of an amalgamation (within the meaning assigned by subsection 87(1)), there shall be included in computing the new corporation’s general rate income pool at the end of its first taxation year the total of all amounts each of which is SUBDIVISION H Corporations Resident in Canada and their Shareholders (a) in respect of a predecessor corporation that was, in its taxation year that ended immediately before the amalgamation (in this paragraph referred to as its “last taxation year”), a Canadian-controlled private corporation or a deposit insurance corporation, the positive or negative amount determined in respect of the predecessor corporation by the formula A is the predecessor corporation’s general rate income pool at the end of its last taxation year, and B is the amount, if any, by which (i) the total of all amounts each of which is an eligible dividend paid by the predecessor corporation in its last taxation year (ii) the total of all amounts each of which is an excessive eligible dividend designation made by the predecessor corporation in its last taxation year; or (b) in respect of a predecessor corporation (in this paragraph referred to as the “non-CCPC predecessor”) that was, in its taxation year that ended immediately before the amalgamation (in this paragraph referred to as its “last taxation year”), not a Canadian-controlled private corporation or a deposit insurance corporation, the amount determined by the formula A is the total of all amounts each of which is the cost amount to the non-CCPC predecessor of a property immediately before the end of its last taxation year, B is the amount of any money of the non-CCPC predecessor on hand immediately before the end of its last taxation year, C is the amount, if any, by which (i) the total of all amounts that, if the non-CCPC predecessor had had unlimited income for its last taxation year from each business carried on, and from each property held, by it in that last taxation year and had realized an unlimited amount of capital gains for that last taxation year, would have been deductible under subsection 111(1) in computing its taxable income for that last taxation year SUBDIVISION H Corporations Resident in Canada and their Shareholders (iii) the total of all amounts deducted under subsection 111(1) in computing the non-CCPC predecessor’s taxable income for its last taxation year, D is the total of all amounts each of which is the amount of any debt owing by the non-CCPC predecessor, or of any other obligation of the non-CCPC predecessor to pay any amount, that was outstanding immediately before the end of its last taxation year, E is the paid up capital, immediately before the end of its last taxation year, of all of the issued and outstanding shares of the capital stock of the non-CCPC predecessor, F is the total of all amounts each of which is a reserve deducted in computing the non-CCPC predecessor’s income for its last taxation year, G is the non-CCPC predecessor’s capital dividend account, if any, immediately before the end of its last taxation year, and H is the non-CCPC predecessor’s low rate income pool immediately before the end of its last taxation year. GRIP addition — post-winding-up
If subsection 88(1) applies to the winding-up of a subsidiary into a parent (within the meanings assigned by that subsection) that is a Canadian-controlled private corporation or a deposit insurance corporation, there shall be included in computing the parent’s general rate income pool at the end of its taxation year that immediately follows the taxation year during which it receives the assets of the subsidiary on the winding-up (a) if the subsidiary was, in its taxation year during which its assets were distributed to the parent on the winding-up (in this paragraph referred to as its “last taxation year”), a Canadian-controlled private corporation or a deposit insurance corporation, the positive or negative amount determined by the formula A is the subsidiary’s general rate income pool at the end of its last taxation year, and B is the amount, if any, by which (i) the total of all amounts each of which is an eligible dividend paid by the subsidiary in its last taxation year SUBDIVISION H Corporations Resident in Canada and their Shareholders (ii) the total of all amounts each of which is an excessive eligible dividend designation made by the subsidiary in its last taxation year; and (b) in any other case, the amount determined by the formula A is the total of all amounts each of which is the cost amount to the subsidiary of a property immediately before the end of its taxation year during which its assets were distributed to the parent on the winding-up (in this paragraph referred to as its “last taxation year”), B is the amount of any money of the subsidiary on hand immediately before the end of its last taxation year, C is the amount, if any, by which (i) the total of all amounts that, if the subsidiary had had unlimited income for its last taxation year from each business carried on, property held, or interest held, by it in that taxation year and had realized an unlimited amount of capital gains for that taxation year, would have been deductible under subsection 111(1) in computing its taxable income for that last taxation year (ii) the total of all amounts deducted under subsection 111(1) in computing the subsidiary’s taxable income for its last taxation year, D is the total of all amounts each of which is the amount of any debt owing by the subsidiary, or of any other obligation of the subsidiary to pay any amount, that was outstanding immediately before the end of its last taxation year, E is the paid up capital, immediately before the end of its last taxation year, of all of the issued and outstanding shares of the capital stock of the subsidiary, F is the total of all amounts each of which is a reserve deducted in computing the subsidiary’s income for its last taxation year, G is the subsidiary’s capital dividend account, if any, immediately before the end of its last taxation year, and H is the subsidiary’s low rate income pool immediately before the end of its last taxation year. GRIP addition for 2006
If a corporation was (or, but for an election under subsection (11), would have been), throughout its first taxation year that includes any part of January 1, 2006, a Canadian-controlled private corporation, its general rate income pool at the end of its immediately preceding taxation year is deemed to be the greater of nil and the amount determined by the formula A is the total of (a) 63% of the total of all amounts each of which is the corporation’s full rate taxable income (as defined in subsection 123.4(1)), for a taxation year of the corporation that ended after 2000 and before 2004, determined before taking into consideration the specified future tax consequences for that taxation year, (b) 63% of the total of all amounts each of which is the corporation’s full rate taxable income (as would be defined in subsection 123.4(1), if that definition were read without reference to its subparagraphs (a)(i) and (ii)), for a taxation year of the corporation that ended after 2003 and before 2006, determined before taking into consideration the specified future tax consequences for that taxation year, and (c) all amounts each of which was deductible under subsection 112(1) in computing the corporation’s taxable income for a taxation year of the corporation (in this paragraph referred to as the “particular corporation”) that ended after 2000 and before 2006, and is in respect of a dividend received from a corporation (in this paragraph referred to as the “payer corporation”) that was, at the time it paid the dividend, connected (within the meaning assigned by subsection 186(4)) with the particular corporation, to the extent that it is reasonable to consider, having regard to all the circumstances (including but not limited to other shareholders having received dividends from the payer corporation), that the dividend was attributable to an amount that is, or if this subsection applied to the payer corporation would be, SUBDIVISION H Corporations Resident in Canada and their Shareholders described in this paragraph or in paragraph (a) or (b) in respect of the payer corporation; and B is the total of all amounts each of which is a taxable dividend paid by the corporation in those taxation years. LRIP addition — ceasing to be CCPC
If, in a particular taxation year, a corporation is neither a Canadian-controlled private corporation nor a deposit insurance corporation but was, in its preceding taxation year, a Canadian-controlled private corporation or a deposit insurance corporation, there shall be included in computing the corporation’s low rate income pool at any time in the particular taxation year the amount determined by the formula A is the total of all amounts each of which is the cost amount to the corporation of a property immediately before the end of its preceding taxation year; B is the amount of any money of the corporation on hand immediately before the end of its preceding taxation year; C is the amount, if any, by which (a) the total of all amounts that, if the corporation had had unlimited income for its preceding taxation year from each business carried on, and from each property held, by it in that preceding taxation year and had realized an unlimited amount of capital gains for that preceding taxation year, would have been deductible under subsection 111(1) in computing its taxable income for that preceding taxation year (b) the total of all amounts deducted under subsection 111(1) in computing the corporation’s taxable income for its preceding taxation year; D is the total of all amounts each of which is the amount of any debt owing by the corporation, or of any other obligation of the corporation to pay any amount, that was outstanding immediately before the end of its preceding taxation year; E is the paid up capital, immediately before the end of its preceding taxation year, of all of the issued and outstanding shares of the capital stock of the corporation; F is the total of all amounts each of which is a reserve deducted in computing the corporation’s income for its preceding taxation year; (a) if the corporation is not a private corporation in the particular taxation year, the corporation’s capital dividend account, if any, immediately before the end of its preceding taxation year, and (b) in any other case, nil; and H is the positive or negative amount determined by the formula I is the corporation’s general rate income pool at the end of its preceding taxation year, and J is the amount, if any, by which (a) the total of all amounts each of which is an eligible dividend paid by the corporation in its preceding taxation year (b) the total of all amounts each of which is an excessive eligible dividend designation made by the corporation in its preceding taxation year. LRIP addition — amalgamation
l’application du présent paragraphe, des droits d’émissions sont considérés identiques s’ils peuvent servir à régler les mêmes obligations d’émissions), acquiert un ou plusieurs autres droits d’émissions (appelés droits d’émissions nouvellement acquis au présent paragraphe), dont chacun est identique à chaque droit d’émissions acquis précédemment, les règles ci-après s’appliquent pour le calcul, à un moment postérieur, du coût pour le contribuable de chacun des droits d’émissions identiques : a) le contribuable est réputé avoir disposé de chacun des droits d’émissions acquis précédemment immédiatement avant le moment donné pour un produit de disposition égal au coût pour lui de ce droit immédiatement avant le moment donné; b) le contribuable est réputé avoir acquis chacun des droits d’émissions identique au moment donné à un coût égal à la somme déterminée selon la formule suivante : (A + B)/C où : A représente le coût total pour le contribuable immédiatement avant le moment donné des droits d’émissions acquis précédemment, B le coût total pour le contribuable (déterminé sans tenir du présent article) des droits d’émissions nouvellement acquis, C le nombre de droits d’émissions identiques qui appartiennent au contribuable immédiatement après le moment donné. Restriction — déduction pour droits d’émissions
If a corporation that is resident in Canada and that is neither a Canadian-controlled private corporation nor a deposit insurance corporation (in this subsection referred to as the “new corporation”) is formed as a result of the amalgamation or merger of two or more corporations one or more of which is a taxable Canadian corporation, there shall be included in computing the new corporation’s low rate income pool at any time in its first taxation year the total of all amounts each of which is (a) in respect of a predecessor corporation that was, in its taxation year that ended immediately before the amalgamation, neither a Canadian-controlled private corporation nor a deposit insurance corporation, the predecessor corporation’s low rate income pool at the end of that taxation year; and (b) in respect of a predecessor corporation (in this paragraph referred to as the “CCPC predecessor”) that was, throughout its taxation year that ended immediately before the amalgamation (in this paragraph referred to as its “last taxation year”), a Canadian-controlled private corporation or a deposit insurance corporation, the amount determined by the formula A is the total of all amounts each of which is the cost amount to the CCPC predecessor of a property immediately before the end of its last taxation year, B is the amount of any money of the CCPC predecessor on hand immediately before the end of its last taxation year, C is the amount, if any, by which (i) the total of all amounts that, if the CCPC predecessor had had unlimited income for its last taxation year from each business carried on, and from each property held, by it in that last taxation year and had realized an unlimited amount of capital gains for that last taxation year, would have been deductible under subsection 111(1) in computing its taxable income for that last taxation year (ii) the total of all amounts deducted under subsection 111(1) in computing the CCPC predecessor’s taxable income for its last taxation year, D is the total of all amounts each of which is the amount of any debt owing by the CCPC predecessor, or of any other obligation of the CCPC predecessor to pay any amount, that was outstanding immediately before the end of its last taxation year, E is the paid up capital, immediately before the end of its last taxation year, of all of the issued and outstanding shares of the capital stock of the CCPC predecessor, F is the total of all amounts each of which is a reserve deducted in computing the CCPC predecessor’s income for its last taxation year, (i) if the new corporation is not a private corporation in its first taxation year, the CCPC predecessor’s capital dividend account, if any, immediately before the end of its last taxation year, and (ii) in any other case, nil, and H is the total of all amounts each of which is the amount of any dividend payable by the CCPC predecessor immediately before the end of its last taxation year. H is the positive or negative amount determined by the formula I is the CCPC predecessor’s general rate income pool at the end of its last taxation year, and J is the amount, if any, by which (i) the total of all amounts each of which is an eligible dividend paid by the CCPC predecessor in its last taxation year (ii) the total of all amounts each of which is an excessive eligible dividend designation made by the CCPC predecessor in its last taxation year. LRIP addition — winding-up
Malgré les autres dispositions de la présente loi, dans le calcul du revenu d’un contribuable tiré d’une entreprise pour une année d’imposition, le montant total qui est déductible relativement à une obligation d’émissions donnée pour l’année ne peut dépasser la somme obtenue par la formule suivante : A + B × C où : A représente le coût total des droits d’émissions : a) soit utilisés par le contribuable pour régler l’obligation d’émissions donnée au cours de l’année, b) soit détenus par le contribuable à la fin de l’année d’imposition qui peuvent servir à régler l’obligation d’émissions donnée relativement à l’année; B la somme obtenue par la formule suivante : D − (E + F) Proceeds of disposition où : D le nombre de droits d’émissions requis pour remplir l’obligation d’émissions donnée relativement à l’année d’imposition, E le nombre de droits d’émissions utilisés par le contribuable pour régler l’obligation d’émissions donnée au cours de l’année, F le nombre de droits d’émissions détenus par le contribuable à la fin de l’année d’imposition qui peuvent être utilisés pour remplir l’obligation d’émissions donnée relativement à l’année; C la juste valeur marchande d’un droit d’émissions à la fin de l’année d’imposition qui pourrait servir à régler l’obligation d’émissions donnée relativement à l’année. Inclusion au revenu l’année suivante
If, in a particular taxation year, a corporation (in this subsection referred to as the “parent”) is neither a Canadian-controlled private corporation nor a deposit insurance corporation and in the particular taxation year all or substantially all of the assets of another corporation (in this subsection referred to as the “subsidiary”) were distributed to the parent on a dissolution or winding-up of the subsidiary, there shall be included in computing the parent’s low rate income pool at any time in the particular taxation year that is at or after the end of the subsidiary’s taxation year (in this subsection referred to as the subsidiary’s “last taxation year”) during which its assets were distributed to the parent on the winding-up, (a) if the subsidiary was, in its last taxation year, neither a Canadian-controlled private corporation nor a deposit insurance corporation, the subsidiary’s low rate income pool immediately before the end of that taxation year; and (b) in any other case, the amount determined by the formula A is the total of all amounts each of which is the cost amount to the subsidiary of a property immediately before the end of its last taxation year, is the amount of any money of the subsidiary on hand immediately before the end of its last taxation year, is the amount, if any, by which (i) the total of all amounts that, if the subsidiary had had unlimited income for its last taxation year from each business carried on, and from each property held, by it in that last taxation year and had realized an unlimited amount of capital gains for that last taxation year, would have been deductible under subsection 111(1) in computing its taxable income for that last taxation year (ii) the total of all amounts deducted under subsection 111(1) in computing the subsidiary’s taxable income for its last taxation year, is the total of all amounts each of which is the amount of any debt owing by the subsidiary, or of any other obligation of the subsidiary to pay any amount, that was outstanding immediately before the end of its last taxation year, is the paid-up capital, immediately before the end of its last taxation year, of all of the issued and outstanding shares of the capital stock of the subsidiary, is the total of all amounts each of which is a reserve deducted in computing the subsidiary’s income for its last taxation year, (i) if the parent is not a private corporation in the particular taxation year, the subsidiary’s capital dividend account, if any, immediately before the end of its last taxation year, and (ii) in any other case, nil, is the positive or negative amount determined by the formula I is the subsidiary’s general rate income pool at the end of its last taxation year, and J is the amount, if any, by which (i) the total of all amounts each of which is an eligible dividend paid by the subsidiary in its last taxation year SUBDIVISION H Corporations Resident in Canada and their Shareholders (ii) the total of all amounts each of which is an excessive eligible dividend designation made by the subsidiary in its last taxation year. Election: non-CCPC
Est à inclure dans le calcul du revenu d’un contribuable pour une année d’imposition à titre de revenu tiré d’une entreprise la somme déduite relativement à une obligation d’émissions mentionnée au paragraphe (3) pour l’année précédente dans la mesure où l’obligation d’émissions n’a pas été réglée au cours de l’année précédente. Produit de disposition
Subject to subsection (12), a corporation that files with the Minister on or before its filing-due date for a particular taxation year an election in prescribed form to have this subsection apply is deemed for the purposes described in paragraph (d) of the definition Canadian-controlled private corporation in subsection 125(7) not to be a Canadian-controlled private corporation at any time in or after the particular taxation year. Revoking election
Si un contribuable renonce à un droit d’émissions afin de régler une obligation d’émissions, son produit provenant de la disposition du droit d’émissions est réputé être égal au coût pour le contribuable du droit d’émissions. Fait lié à la restriction de pertes
If a corporation files with the Minister on or before its filing-due date for a particular taxation year a notice in prescribed form revoking, as of the end of the particular taxation year, an election described in subsection (11), the election ceases to apply to the corporation at the end of the particular taxation year. Repeated elections — consent required
Malgré le paragraphe (1), chaque droit d’émissions détenu à la fin de l’année d’imposition du contribuable qui se termine immédiatement avant le moment où le contribuable est assujetti à un fait lié à la restriction de pertes est évalué au coût auquel le contribuable a acquis le bien ou, si elle est inférieure, à sa juste valeur marchande à la fin de l’année; après ce moment, le coût auquel le contribuable a acquis le bien est, sous réserve d’une application ultérieure du présent paragraphe et du paragraphe (2), réputé être ce montant moins élevé. [NOTE : Les dispositions modificatives ne font pas partie de la présente codification; voir les lois et règlements modificatifs appropriés.] Entreprise agricole ou de pêche 28 (1) Dans le calcul du revenu d’un contribuable, pour une année d’imposition, tiré d’une entreprise agricole ou d’une entreprise de pêche, le revenu de cette entreprise pour cette année peut, si le contribuable en fait le choix, être déterminé, au choix du contribuable, selon une méthode appelée « méthode de la comptabilité de caisse » au présent article) en vertu de laquelle Income Tax PART I Income Tax DIVISION B Computation of Income
If a corporation has, under subsection (12), revoked an election, any subsequent election under subsection (11) or subsequent revocation under subsection (12) is invalid unless (a) the Minister consents in writing to the subsequent election or the subsequent revocation, as the case may be; and (b) the corporation complies with any conditions imposed by the Minister.
exceeds Impôt sur le revenu
A corporation designates a portion of a dividend it pays at any time to be an eligible dividend by notifying in writing at that time each person or partnership to whom the dividend is paid that the portion of the dividend is an eligible dividend. Late designation (14.1) If, in the opinion of the Minister, the circumstances are such that it would be just and equitable to permit a designation under subsection (14) to be made SUBDIVISION H Corporations Resident in Canada and their Shareholders before the day that is three years after the day on which the designation was required to be made, the designation is deemed to have been made at the time the designation was required to be made. (14.2) If, as a consequence of the application of subparagraph (a)(iii) of the definition eligible refundable dividend tax on hand in subsection 129(4), in the opinion of the Minister, the circumstances are such that it would be just and equitable to permit a designation under subsection (14) to be made before the day that is six years after the day on which the designation was required to be made, the designation is deemed to have been made at the time the designation was required to be made.
For the purposes of paragraphs 87(2)(vv) and (ww) (including, for greater certainty, in applying those paragraphs as provided under paragraph 88(1)(e.2)), the definitions excessive eligible dividend designation, general rate income pool, and low rate income pool in subsection (1) and subsections (4) to (6) and (8) to (10), the corporation is a deposit insurance corporation if it would be a deposit insurance corporation within the meaning of the definition deposit insurance corporation in subsection 137.1(5) were that definition read without reference to its paragraph (b) and this Act read without reference to subsection 137.1(5.1). the amount is the share’s portion of a pro rata distribution (other than a distribution made in the course of a liquidation and dissolution of the corporation, on a redemption, acquisition or cancellation of the share by the corporation, or on a qualifying return of capital in respect of the share) made at that time by the corporation in respect of all the shares of that class. Qualifying return of capital
For the purposes of subsection (2), a distribution made at any time by a foreign affiliate of a taxpayer in respect of a share of the capital stock of the affiliate that is a reduction of the paid-up capital of the affiliate in respect of the share and that would, in the absence of this subsection, be deemed under subsection (2) to be a dividend paid or received, at that time, on the share is a qualifying return of capital, at that time, in respect of the share if an election is made under this subsection in respect of the distribution and in accordance with prescribed rules, (a) by the taxpayer, where there is no person or partnership that meets the conditions in subparagraphs (b)(i) and (ii); or (b) jointly by the taxpayer and each person or partnership that is, at that time, (i) a connected person or partnership in respect of the taxpayer, and (ii) a person or partnership of which the affiliate would, at that time, be a foreign affiliate if paragraph (b) of the definition equity percentage in subsection 95(4) were read as if the reference in that paragraph to “any corporation” were a reference to “any corporation other than a corporation resident in Canada”. Connected person or partnership
For the purposes of subsection (3), a connected person or partnership in respect of a taxpayer, at any time, is (a) a person that is, at that time, related to the taxpayer, and (b) a partnership a member of which is, at that time, (i) the taxpayer, or (ii) a person that is related to the taxpayer.
le revenu de cette entreprise pour cette année est réputé être un montant égal au total des montants suivants : a) les sommes qui sont : (i) d’une part, reçues pendant l’année ou réputées, selon la présente loi, avoir été reçues pendant l’année dans le cadre de l’exploitation de l’entreprise, (ii) d’autre part, versées en paiement ou au titre d’un montant qui serait inclus, pour toute année, dans le calcul du revenu de l’entreprise, si ce revenu n’était pas calculé selon la méthode de comptabilité de caisse; b) en ce qui concerne une entreprise agricole, le montant que le contribuable indique quant à l’entreprise dans sa déclaration de revenu produite en vertu de la présente partie pour l’année, ne dépassant pas l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) la juste valeur marchande, à la fin de l’année, des biens à porter à l’inventaire de l’entreprise, et dont il est propriétaire à ce moment, (ii) le montant calculé à l’alinéa c) pour l’année; c) en ce qui concerne une entreprise agricole, le montant qui est le moins élevé des montants suivants : (i) la perte du contribuable résultant de l’entreprise pour l’année, calculée compte non tenu du présent alinéa et de l’alinéa b), (ii) la valeur des biens à porter à l’inventaire de l’entreprise, qu’il a achetés et dont il est propriétaire à la fin de l’année; d) les montants inclus en application des paragraphes 13(1), 80(13) ou 80.3(3) ou (5) dans le calcul du revenu que le contribuable tire de l’entreprise pour l’année, moins le total des montants suivants : e) les sommes, sauf celles visées à l’article 30, qui, à la fois : (i) sont payées au cours de l’année, ou réputées l’être par la présente loi, dans le cadre de l’exploitation de l’entreprise, (ii) s’il s’agit de sommes payées, ou réputées l’être par la présente loi, au titre de l’inventaire, sont versées au titre d’un montant qui serait déductible dans le calcul du revenu provenant de l’entreprise pour l’année ou pour une autre année d’imposition, Acquisition of inventory si ce revenu n’était pas calculé selon la méthode de comptabilité de caisse, (iii) dans les autres cas, sont versées au titre d’un montant qui serait déductible dans le calcul du revenu provenant de l’entreprise pour une année d’imposition antérieure, pour l’année ou pour l’année d’imposition suivante, si ce revenu n’était pas calculé selon la méthode de comptabilité de caisse; e.1) les sommes, sauf celles visées à l’article 30, qui, à la fois : (i) seraient déductibles dans le calcul du revenu provenant de l’entreprise pour l’année si ce revenu n’était pas calculé selon la méthode de comptabilité de caisse, (ii) ne sont pas déductibles dans le calcul du revenu provenant de l’entreprise pour une autre année d’imposition, (iii) ont été versées au cours d’une année d’imposition antérieure dans le cadre de l’exploitation de l’entreprise; f) le total des montants dont chacun est le montant qui est inclus en application de l’alinéa b) ou c) dans le calcul du revenu du contribuable tiré de l’entreprise pour l’année d’imposition précédente; g) les montants représentant chacun un montant déduit pour l’année relativement à l’entreprise en application des alinéas 20(1)a) ou uu), du paragraphe 20(6), de l’article 30 ou des paragraphes 80.3(2) ou (4). Toutefois, les alinéas b) et c) ne s’appliquent pas au calcul du revenu du contribuable pour l’année d’imposition de son décès. Acquisition d’inventaire (1.1) Pour l’application du présent article, le contribuable qui acquiert, dans des circonstances où les alinéas 69(1)a) ou c) s’appliquent, un bien de l’inventaire qu’il possède à l’égard d’une entreprise agricole dont le revenu est calculé selon la méthode de comptabilité de caisse est réputé avoir acheté le bien au moment de l’acquisition. En outre, un montant égal au coût du bien pour le contribuable est réputé : a) avoir été payé, par le contribuable, à ce moment dans le cadre de l’exploitation de l’entreprise agricole; b) être le seul montant ainsi payé pour le bien par le contribuable. Valuation of inventory Short fiscal period 100 - (30 × A/365) where (4.1) [Repealed, 2001, c. 17, s. 18] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] [R.S., 1985, c. 1 (5th Supp.), s. 28; 1989, c. 7, Sch. I, s. 8; 1995, c. 21, s. 17; 1998, c. 19, s. 83; 2001, c. 17, s. 18; 2013, c. 40, s. 13(E); 2014, c. 39, s. 7; 2016, c. 12, s. 11.] Disposition of animal of basic herd class Interpretation b) retrancher, dans le calcul du revenu qu'il tire de son entreprise agricole pour l'année d'imposition, le produit des facteurs suivants : (i) le nombre d'animaux constituant l'excédent, (ii) le quotient de la juste valeur marchande, au 31 décembre 1971, de ses animaux de cette catégorie à cette date, par le nombre de ses animaux de cette catégorie à cette date. Interprétation
No amount paid or received at any time is, for the purposes of this Act, a dividend paid or received on a share of the capital stock of a non-resident corporation that is a foreign affiliate of a taxpayer unless it is so deemed under this Part. Loan from foreign affiliate
Pour l'application du présent article : a) troupeau de base, s'agissant du troupeau de base d'une catégorie quelconque d'animaux d'un contribuable, à un moment donné, s'entend du nombre d'animaux de cette catégorie que le contribuable avait en sa possession à la fin de son année d'imposition 1971, et qui, en vue de la cotisation relative à son impôt pour cette année, ont été acceptés comme immobilisations et non comme éléments de stock en commerce, à la demande du contribuable faite auprès du ministre, moins les nombres, le cas échéant, dont le retranchement de son troupeau de base de cette catégorie à la fin des années d'imposition du contribuable qui se terminent avant le moment donné; b) catégorie d'animaux s'entend des animaux d'une espèce particulière, à savoir bovins, chevaux, ovins ou porcs, qui sont : (i) des animaux pure race de cette espèce pour lesquels un certificat d'enregistrement a été délivré par une personne reconnue par les éleveurs au Canada d'animaux de race de cette espèce comme étant le chef du service chargé de tenir le livre généalogique de la race des animaux en question, ou délivré par la Société canadienne d'enregistrement des animaux, (ii) des animaux de cette espèce autres que les animaux de race pure visés au sous-alinéa (i), dont chacune des descriptions figurant aux sous-alinéas (i) et (ii) est réputée représenter une catégorie distincte; toutefois, lorsque le nombre des animaux d'un contribuable décrits au sous-alinéa (i) ou (ii), selon le cas, d'une espèce particulière ne dépasse pas 10 % du nombre total des ses animaux de cette espèce qui appartiendraient par ailleurs à deux catégories distinctes en vertu du présent alinéa, ses animaux de [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1970-71-72, c. 63, s. 1 "29"; 1985, c. 45, s. 126(F). (a) the lesser of (ii) $2,500 plus the lesser of Income Tax PART I Income Tax DIVISION B Computation of Income exceeds (ii) the amount determined under subparagraph 31(1)(a)(i). exceeds see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 31; 1995, c. 21, s. 8; 2013, c. 40, s. 14. Impôt sur le revenu
Except where subsection 15(2) applies, if a person or partnership receives at any time a loan from, or becomes at that time indebted to, a creditor that is at that time a foreign affiliate (referred to in subsections (9), (11) and (15) as the “creditor affiliate”) of a taxpayer resident in Canada or that is at that time a partnership (referred to in subsections (9), (11) and (15) as the “creditor partnership”) of which such a taxpayer is a member and the person or partnership is at that time a specified debtor in respect of the taxpayer, then the specified amount in respect of the loan or indebtedness is to be included in computing the income of the taxpayer for the taxpayer’s taxation year that includes that time. Upstream loan continuity — reorganizations (6.1) Subsection (6.11) applies at any time if (a) immediately before that time, a person or partnership (referred to in this subsection and subsection (6.11) as the “original debtor”) owes an amount in respect of a loan or indebtedness (referred to in this subsection and subsection (6.11) as the “pre-transaction loan”) to another person or partnership (referred to in this subsection and subsection (6.11) as the “original creditor”); (b) the pre-transaction loan was, at the time it was made or entered into, a loan or indebtedness that is described in subsection (6); and (c) in the course of an amalgamation, a merger, a winding-up or a liquidation and dissolution, (i) the amount owing in respect of the pre-transaction loan becomes owing at that time by another person or partnership (the amount owing after that time and the other person or partnership are referred to in subsection (6.11) as the “post-transaction loan payable” and the “new debtor”, respectively), (ii) the amount owing in respect of the pre-transaction loan becomes owing at that time to another person or partnership (the amount owing after that time and the other person or partnership are SUBDIVISION I Shareholders of Corporations Not Resident in Canada referred to in subsection (6.11) as the “post-transaction loan receivable” and the “new creditor”, respectively, or (iii) the taxpayer in respect of which the original debtor was a specified debtor at the time referred to in paragraph (b) (A) ceases to exist, or (B) merges with one or more corporations to form one corporate entity (referred to in subsection (6.11) as the “new corporation”). Upstream loan continuity — reorganizations (6.11) If this subsection applies at any time, for the purposes of subsections (6) and (7) to (15) and 39(2.1) and (2.2) and paragraph 95(2)(g.04), (a) if the condition in subparagraph (6.1)(c)(i) is met, (i) the post-transaction loan payable is deemed to be the same loan or indebtedness as the pre-transaction loan, and (ii) the new debtor is deemed to be same debtor as, and a continuation of, the original debtor; (b) if the condition in subparagraph (6.1)(c)(ii) is met, (i) the post-transaction loan receivable is deemed to be the same loan or indebtedness as the pre-transaction loan, and (ii) the new creditor is deemed to be same creditor as, and a continuation of, the original creditor; (c) if the condition in clause (6.1)(c)(iii)(A) is met, (i) subject to subparagraph (ii), each entity that held an equity interest in the taxpayer immediately before the winding-up (referred to in this paragraph as a “successor entity”) is deemed to be the same entity as, and a continuation of, the taxpayer, and (ii) for the purposes of applying subsection (13) and the description of A in subsection (14), an amount is deemed, in respect of a loan or indebtedness, to have been included under subsection (6) in computing the income of each successor entity equal to (A) if the taxpayer is a partnership, the amount that may reasonably be considered to be the successor entity’s share (determined in a manner consistent with the determination of the successor entity’s share of the income of the partnership under subsection 96(1) for the taxpayer’s final fiscal period) of the specified amount that was required to be included in computing the income of the taxpayer under subsection (6) in respect of the loan or indebtedness, and (B) in any other case, the proportion of the specified amount included in computing the taxpayer’s income under subsection (6), in respect of the loan or indebtedness, that the fair market value of the successor entity’s equity interest in the taxpayer, immediately before the distribution of the taxpayer’s assets on the winding-up, is of the total fair market value of all equity interests in the taxpayer at that time; and Back-to-back loans
For the purposes of this subsection and subsections (6), (8) to (15) and 39.2(1) and (2.2) and paragraph 95(2)(g.04), if at any time a person or partnership (referred to in this subsection as the “intermediate lender”) makes a loan to another person or partnership (in this subsection referred to as the “intended borrower”) because the intermediate lender received a loan from another person or partnership (in this subsection referred to as the “initial lender”) (a) the loan made by the intermediate lender to the intended borrower is deemed, at that time, to have been made by the initial lender to the intended borrower (to the extent of the lesser of the amount of the loan made by the initial lender to the intermediate lender and the amount of the loan made by the intermediate lender to the intended borrower) under the same terms and conditions and at the same time as it was made by the intermediate lender; and (b) the loan made by the initial lender to the intermediate lender and the loan made by the intermediate lender to the intended borrower are deemed not to have been made to the extent of the amount of the loan deemed to have been made under paragraph (a).
Subsection (6) does not apply to (a) a loan or indebtedness that is repaid, other than as part of a series of loans or other transactions and repayments, within two years of the day the loan was made or the indebtedness arose; (b) indebtedness that arose in the ordinary course of the business of the creditor or a loan made in the ordinary course of the creditor’s ordinary business of lending money (other than a business of lending money if, at any time during which the loan is outstanding, less than 90% of the aggregate outstanding amount of the loans of the business is owing by borrowers that deal at arm’s length with the creditor) if, at the time the indebtedness arose or the loan was made, bona fide arrangements were made for repayment of the indebtedness or loan within a reasonable time; (c) a loan that was made, or indebtedness that arose, in the ordinary course of carrying on a life insurance business outside Canada if (i) the loan or indebtedness is owed by the taxpayer or by a subsidiary wholly-owned corporation of the taxpayer, (ii) the taxpayer, or the subsidiary wholly-owned corporation, as the case may be, is a life insurance corporation resident in Canada, (iii) the loan or indebtedness directly relates to a business of the taxpayer, or of the subsidiary wholly-owned corporation, that is carried on outside Canada, and (iv) the interest on the loan or indebtedness is, or would be if it were otherwise income from property, included in the active business income of the creditor or, if the creditor is a partnership, a member of the partnership, under clause 95(2)(a)(ii)(A); and (8.01) For the purposes of paragraph (8)(b), a borrower shall be considered to deal at arm’s length with a creditor only if (a) for greater certainty, the borrower and the creditor deal with each other at arm’s length; (b) where either the borrower or the creditor is a partnership and the other party is not, each member of the partnership deals at arm’s length with the other party; (c) where both the borrower and the creditor are partnerships, the borrower and each member of the borrower deal at arm’s length with the creditor and each member of the creditor. (8.1) For the purposes of this section, if a taxpayer is an eligible Canadian bank and an eligible bank affiliate of the taxpayer is owed, at any time in a particular taxation year of the affiliate or the immediately preceding taxation year, an upstream deposit, (a) the affiliate is deemed to make a loan to the taxpayer immediately before the end of the particular year equal to the amount determined by the following formula, where all amounts referred to in the formula are to be determined using Canadian currency: A is 90% of the average of all amounts each of which is, in respect of a calendar month that ends in the particular year, the greatest total amount at any time in the month of the upstream deposits owing to the affiliate, B is the lesser of (i) the amount, if any, by which the affiliate’s excess liquidity for the particular year exceeds the average of all amounts each of which is, in respect of a calendar month that ends in the particular year, the greatest total amount at any time in the month of eligible Canadian indebtedness owing to the affiliate, and (ii) the amount determined for A, and C is the amount, if any, by which the amount determined for A for the immediately preceding year exceeds the amount determined for B for the immediately preceding year; (b) if the formula in paragraph (a) would, in the absence of section 257, result in a negative amount for the particular year, (i) the taxpayer is deemed to repay immediately before the end of the particular year — in an amount equal to the absolute value of the negative amount and in the order in which they arose — loans made by the affiliate under paragraph (a) in a prior taxation year and not previously repaid, and (ii) the repayment is deemed to not be part of a series of loans or other transactions and repayments. Corporations: deduction for amounts included under subsection (6) or (12)
(A) 1/2 de l’excédent du montant visé au sous-alinéa (i) sur 2 500 $, (B) 15 000 $, b) l’excédent éventuel de la somme visée au sous-alinéa (i) sur la somme visée au sous-alinéa (ii) : (i) la somme qui serait déterminée en vertu du sous-alinéa a)(i) compte non tenu du passage « et avant toute déduction prévue à l’article 37 », (ii) la somme déterminée en vertu du sous-alinéa a)(i). Perte agricole restreinte (1.1) Pour l’application de la présente loi, la perte agricole restreinte d’un contribuable pour une année d’imposition correspond à l’excédent éventuel du montant visé à l’alinéa a) sur le total visé à l’alinéa b) : a) le montant déterminé selon le sous-alinéa (1)a)(i) relativement au contribuable pour l’année; b) le total du montant déterminé selon le sous-alinéa (1)a)(ii) relativement au contribuable pour l’année et des montants représentant chacun un montant qui, par l’effet de l’article 80, est à appliquer en réduction de la perte agricole restreinte du contribuable pour l’année. Agriculture et fabrication ou transformation
There may be deducted in computing the income for a taxation year of a corporation resident in Canada a particular amount, in respect of a specified amount included under subsection (6), or an amount included under subsection (12), in computing the corporation’s income for the taxation year in respect of a particular loan or indebtedness, if (a) the corporation demonstrates that the particular amount is the total of all amounts (not to exceed the amount so included) each of which would — if the specified amount in respect of the particular loan or indebtedness were, at the time (referred to in subparagraph (i) and subsection (11) as the “lending time”) the particular loan was made or the particular indebtedness was incurred, instead paid by the creditor affiliate, or the creditor partnership, as the case may be, to the corporation directly as part of one dividend or, indirectly as part of one or more dividends and, if applicable, partnership distributions — reasonably be considered to have been deductible, in respect of the payment, for the corporation’s taxation year in which the specified amount was included in its income under subsection (6), in computing (i) the taxable income of the corporation under any of (A) paragraph 113(1)(a), in respect of the exempt surplus — at the lending time, in respect of the corporation — of a foreign affiliate of the corporation, (B) paragraph 113(1)(a.1), in respect of the hybrid surplus — at the lending time, in respect of the corporation — of a foreign affiliate of the corporation, if the amount of that hybrid surplus is less than or equal to the amount determined by the formula A is the affiliate’s hybrid underlying tax in respect of the corporation at the lending time, B is the corporation’s relevant tax factor (within the meaning assigned by subsection 95(1)) for the corporation’s taxation year that includes the lending time, and C is the affiliate’s hybrid surplus in respect of the corporation at the lending time, (C) paragraph 113(1)(b), in respect of the taxable surplus — at the lending time, in respect of the corporation — of a foreign affiliate of the corporation, and (D) paragraph 113(1)(d), in respect of the pre-acquisition surplus — at the lending time, in respect of the corporation — of a foreign affiliate of the corporation to the extent of the adjusted cost base to the corporation, at the lending time, of the capital stock of the affiliate, and except if the specified debtor is (I) a non-resident person with which the corporation does not deal at arm’s length, or (II) a partnership any member of which is a person described in subclause (I), or (ii) the income of the corporation under subsection 91(5), in respect of the taxable surplus of a foreign affiliate of the corporation, unless the specified debtor is a person or partnership described in subclause (i)(D)(I) or (II); (b) that exempt surplus, hybrid surplus, taxable surplus, or adjusted cost base is not relevant in applying this subsection in respect of any other loan made or indebtedness incurred, or in respect of any deduction claimed under subsection 91(5) or 113(1) in respect of a dividend paid, during the period in which the particular loan or indebtedness is outstanding; and (c) that adjusted cost base is not relevant in determining the taxability of any other distribution made during the period in which the particular loan or indebtedness is outstanding. SUBDIVISION I Shareholders of Corporations Not Resident in Canada
Le paragraphe (1) ne s’applique pas à un contribuable pour une année d’imposition si son revenu pour l’année provient principalement d’une combinaison de l’agriculture et de la fabrication ou de la transformation au Canada de marchandises destinées à la vente et que la totalité ou la presque totalité de la production provenant de l’ensemble des entreprises agricoles qu’il exploite soit utilisée dans la fabrication ou la transformation. NOTE: Les dispositions d’application ne sont pas incluses dans le texte consolidé; voir les lois modificatives et règlements pertinents; L.R. (1985), ch. 1 (5e suppl.), art. 31; 1995, ch. 21, art. 8; 2013, ch. 40, art. 14. Agents ou courtiers d’assurance 32 (1) Dans le calcul du revenu qu’un contribuable tire pour une année d’imposition de son entreprise en qualité d’agent ou de courtier d’assurance, aucun montant n’est déductible en application de l’alinéa 20(1)m) pour l’année au titre des commissions non gagnées provenant de cette entreprise. Toutefois, le moins élevé des montants suivants est déductible dans ce calcul pour l’année à titre de provision pour ces commissions : Income Tax PART I Income Tax DIVISION B Computation of Income
In applying subsection (9) to a corporation resident in Canada that is a member of a partnership at the end of a fiscal period of the partnership, (a) each amount that may reasonably be considered to be the corporation’s share (determined in a manner consistent with the determination of the corporation’s share of the income of the partnership under subsection 96(1)) of each specified amount that is required to be included in computing the income of the partnership for that fiscal period under subsection (6), in respect of a particular loan or indebtedness, is deemed to be a specified amount in respect of the particular loan or indebtedness that was included in the corporation’s income, for its taxation year that includes the last day of that fiscal period, under subsection (6); (b) subparagraph (9)(a)(i) is to be read without reference to its clause (D); (c) subparagraph (9)(a)(ii) is to be read as follows: (ii) the income of the partnership, referred to in subsection (10), under subsection 91(5), in respect of the taxable surplus of a foreign affiliate of the partnership, to the extent of the amount that may reasonably be considered to be the corporation’s share of that deduction (determined in a manner consistent with the determination of the corporation’s share of the income of the partnership under subsection 96(1)); (b) that exempt surplus, hybrid surplus, or taxable surplus is not relevant in applying this subsection in respect of any other loan made or indebtedness incurred, or in respect of any deduction claimed under subsection 91(5) or 113(1) in respect of a dividend paid, during the period in which the particular loan or indebtedness is outstanding; and (e) subsection (9) is to be read without reference to its paragraph (c).
(a) where the year ends in 1991, 90%, (d) where the year ends in 1994, 60%, (f) where the year ends in 1996, 40%, Impôt sur le revenu
For the purposes of subparagraph (9)(a)(i), the amounts of exempt surplus or exempt deficit, hybrid surplus or hybrid deficit, hybrid underlying tax, taxable surplus or taxable deficit, and underlying foreign tax of the creditor affiliate, or of each foreign affiliate of the corporation that is a member of the creditor partnership, as the case may be, in respect of the corporation, at the lending time are deemed to be the amounts that would be determined, at the lending time, under subparagraph 5902(1)(a)(i) of the Income Tax Regulations if that subparagraph were applicable at the lending time and the references in that subparagraph to “the dividend time” were references to the lending time.
There is to be included in computing the income of a corporation resident in Canada for a particular taxation year any amount deducted by the corporation under subsection (9) in computing the corporation’s income for the taxation year that immediately precedes the particular year.
A corporation may not claim a deduction for a taxation year under subsection (9) in respect of the same portion of the specified amount in respect of a loan or indebtedness for which a deduction is claimed for that year or a preceding year by the corporation, or by a partnership of which the corporation is a member, under subsection (14). Repayment of loan
There may be deducted in computing the income of a taxpayer for a particular taxation year the amount determined by the formula A is the specified amount, in respect of a loan or indebtedness, that is included under subsection (6) in computing the taxpayer’s income for a preceding taxation year, B is the portion of the loan or indebtedness that was repaid in the particular year, to the extent it is established, by subsequent events or otherwise, that the repayment was not part of a series of loans or other transactions and repayments, and C is the amount of the loan or indebtedness. SUBDIVISION I Shareholders of Corporations Not Resident in Canada c is the amount, in respect of the loan or indebtedness, that is referred to in the description of A in the definition specified amount in subsection (15).
a) le total des montants dont chacun représente le produit de la multiplication d’une somme incluse dans le calcul du revenu du contribuable pour l’année ou pour une année antérieure au titre des commissions sur un contrat d’assurance, sauf un contrat d’assurance-vie, par le rapport entre : (i) d’une part, le nombre de jours de la période prévue par le contrat qui sont postérieurs à la fin de l’année d’imposition, (ii) d’autre part, le nombre de jours de cette période; b) le total des montants dont chacun représente le montant qui, sans le présent paragraphe, serait déductible en application de l’alinéa 20(1)m) pour l’année au titre des commissions visées à l’alinéa a). Provision à inclure
The following definitions apply in this section. eligible bank affiliate has the same meaning as in subsection 95(2.43). (filiale bancaire admissible) eligible Canadian bank has the same meaning as in subsection 95(2.43). (banque canadienne admissible) eligible Canadian indebtedness has the same meaning as in subsection 95(2.43). (dettes canadiennes admissibles) specified amount, in respect of a loan or indebtedness that is required by subsection (6) to be included in computing the income of a taxpayer for a taxation year, means the amount determined by the formula A is the amount of the loan or indebtedness, and B is, in the case of (a) a creditor affiliate of the taxpayer, the percentage that is or would be, if the taxpayer referred to in subsection (6) were a corporation resident in Canada, the taxpayer’s surplus entitlement percentage (in this definition determined without reference to subsection 5908(1) of the Income Tax Regulations) in respect of the creditor affiliate at the time (referred to in this definition as the “determination time”) referred to in subsection (6), or (b) a creditor partnership of which a foreign affiliate of the taxpayer is a member, the total of each percentage determined, in respect of a member (referred to in this paragraph as a “member affiliate”) of the creditor partnership that is a foreign affiliate of the taxpayer, by the formula D is the percentage that is or would be, if the taxpayer were a corporation resident in Canada, the taxpayer’s surplus entitlement percentage in respect of a particular member affiliate at the determination time, E is the fair market value, at the determination time, of the particular member affiliate’s direct or indirect interest in the creditor partnership, and F is the fair market value, at the determination time, of all interests in the creditor partnership, and (a) if the debtor under the loan or indebtedness is (i) another foreign affiliate of the taxpayer, the percentage that is or would be, if the taxpayer were a corporation resident in Canada, the taxpayer’s surplus entitlement percentage in respect of the other affiliate at the determination time, or (ii) a partnership (referred to in this paragraph as the “borrower partnership”) of which one or more other foreign affiliates of the taxpayer are members, the total of each percentage that is determined by the following formula in respect of each such member G is the percentage that is or would be, if the taxpayer were a corporation resident in Canada, the taxpayer’s surplus entitlement percentage in respect of a particular member of the borrower partnership at the determination time, H is the fair market value, at the determination time, of the particular member’s direct or indirect interest in the borrower partnership, and I is the fair market value, at the determination time, of all interests in the borrower partnership, and specified debtor, in respect of a taxpayer resident in Canada, at any time, means (b) a person with which the taxpayer does not, at that time, deal at arm’s length, other than (i) a non-resident corporation that is at that time a controlled foreign affiliate, within the meaning assigned by section 17, of the taxpayer, or (ii) a non-resident corporation (other than a corporation that is described in subparagraph (i)) that is, at that time, a foreign affiliate of the taxpayer, if each share of the capital stock of the affiliate is owned at that time by any of (A) the taxpayer, (C) non-resident persons that deal at arm’s length with the taxpayer, (D) persons described in subparagraph (i), (E) partnerships, each member of which is described in any of clauses (A) to (F), and (F) a corporation each shareholder of which is described in any of clauses (A) to (F); (c) a partnership a member of which is at that time a person or partnership that is a specified debtor in respect of the taxpayer because of paragraph (a) or (b); and (i) any member of the partnership that is a corporation resident in Canada if the creditor affiliate, or member of the creditor partnership, as the case may be, is, at that time, a foreign affiliate of the corporation, (ii) a person with which a corporation referred to in subparagraph (i) does not, at that time, deal at arm’s length, other than a controlled foreign affiliate, within the meaning assigned by section 17, of the partnership or of a member of the partnership that owns, directly or indirectly, an interest in the partnership representing at least 90% of the fair market value of all such interests, or (iii) a partnership a member of which is at that time a person that is a specified debtor in respect of the taxpayer because of subparagraph (i) or (ii). (débiteur déterminé) Amounts to be included in respect of share of foreign affiliate
Il faut inclure à titre de revenu tiré, par le contribuable, d’une entreprise pour une année d’imposition, en qualité d’agent ou de courtier d’assurance le montant qui a été déduit en vertu du paragraphe (1) dans le calcul de son revenu tiré de cette entreprise pour l’année précédente. Provisions supplémentaires
(1.1) Subsection (1.2) applies at a particular time in respect of a particular foreign affiliate of a taxpayer resident in Canada if (a) an amount would be included under subsection (1) in computing the income of the taxpayer, in respect of a share of the particular affiliate or another foreign affiliate of the taxpayer that has an equity percentage (as defined in subsection 95(4)) in the particular affiliate, for the taxation year of the particular affiliate (determined without reference to subsection (1.2)) that includes the particular time (referred to in this subsection and subsection (1.3) as the “ordinary taxation year” of the particular affiliate), if the ordinary taxation year of the particular affiliate ended at the particular time; (b) immediately after the particular time, there is (i) an acquisition of control of the taxpayer, or (ii) a triggering event that can reasonably be considered to result in a change in the aggregate participating percentage of the taxpayer in respect of the particular affiliate for the ordinary taxation year of the particular affiliate; (c) if subparagraph (b)(ii) applies, all or a portion of an amount described in paragraph 95(2)(f) that accrued to the particular affiliate during the portion of the ordinary taxation year of the particular affiliate before the particular time is excluded in computing the income of another taxpayer because paragraph 95(2.f.1) applies as a result of the taxpayer being, at a time before the acquisition of control, a designated acquired corporation of the other taxpayer; and (i) the change referred to in that subparagraph (A) is a decrease, and (B) is equal to the total of all amounts each of which is the increase — that can reasonably be considered to result from the triggering event — in the aggregate participating percentage of another taxpayer, in respect of the particular affiliate for the ordinary taxation year of the particular affiliate, if the other taxpayer (I) is a person resident in Canada, other than a person that is — or a trust, any of the beneficiaries under which is — by reason of a statute, exempt from tax under this Part, and (II) is related to the taxpayer,
Est déductible à titre de provision supplémentaire, dans le calcul du revenu d’un contribuable pour une année d’imposition donnée se terminant après 1990 tiré de l’exploitation d’une entreprise tout au long de l’année par le contribuable en qualité d’agent ou de courtier d’assurance, une somme ne dépassant pas le montant correspondant au pourcentage déterminé de l’excédent éventuel du montant visé à l’alinéa a) sur le montant visé à l’alinéa b): a) la provision déduite par le contribuable en application du paragraphe (1) pour sa dernière année d’imposition se terminant avant 1991; b) le montant déductible par le contribuable en application du paragraphe (1) pour sa première année d’imposition se terminant après 1990. Le pourcentage déterminé, pour les années d’imposition se terminant au cours des années ci-après, est le suivant : 1991 : 90 %; 1992 : 80 %; 1993 : 70 %; 1994 : 60 %; 1995 : 50 %; 1996 : 40 %; Income Tax PART I Income Tax DIVISION B Computation of Income
exceeds [NOTE: Application provisions are not included in this consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 32; 1994, c. 7, Sch. II, s. 19. 1997: 30 %; 1998: 20 %; 1999: 10 %; années d’imposition déterminant après 1999: 0 %; Pour l’application du paragraphe (2), la somme ainsi déduite par le contribuable pour une année d’imposition est réputée déduite en application du paragraphe (1) pour cette année. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs applicables.] L.R., 1985, ch. 1 (5e suppl.), art. 32; 1994, ch. 7, ann. II, art. 19. Déductions relatives à un régime de prestations aux employés
(ii) the triggering event is on an amalgamation as defined in subsection 87(1), (iii) the triggering event is an excluded acquisition or disposition, in respect of the ordinary taxation year of the particular affiliate, and (iv) if one or more triggering events — all of which are described in subparagraph (b)(ii) and in respect of which none of the conditions in subparagraphs (i) to (iii) are satisfied — occur in the ordinary taxation year of the particular affiliate, the percentage determined by the following formula is not greater than 5%: A is the total of all amounts each of which is the decrease — which can reasonably be considered to result from a triggering event described in subparagraph (b)(ii) (other than a triggering event that satisfies the conditions in subparagraph (i) or (ii)) — in the aggregate participating percentage of the taxpayer in respect of the particular affiliate for the ordinary taxation year of the particular affiliate, and B is the total of all amounts each of which is the increase — which can reasonably be considered to result from a triggering event described in subparagraph (b)(ii) (other than a triggering event that satisfies the conditions in subparagraph (i) or (ii)) — in the aggregate participating percentage of the taxpayer in respect of the particular affiliate for the ordinary taxation year of the particular affiliate. Deemed year-end (1.2) If this subsection applies at a particular time in respect of a foreign affiliate of a particular taxpayer resident in Canada, then for the purposes of this section, sections 18.2 and 92 and clause 95(2)(f.11)(ii)(D), (a) in respect of the particular taxpayer and each connected person, or connected partnership, in respect of the particular taxpayer, the affiliate’s taxation year that would, in the absence of this subsection, have included the particular time is deemed to have ended at the time (referred to in this section as the “stub-period end time”) that is immediately before the particular time; (b) if the affiliate is, immediately after the particular time, a foreign affiliate of the particular taxpayer or a connected person, or connected partnership, in respect of the particular taxpayer, the affiliate’s next taxation year after the stub-period end time is deemed, in respect of the particular taxpayer or the connected person or connected partnership, as the case may be, to begin immediately after the particular time; and (c) in determining the foreign accrual property income of the affiliate for the taxation year referred to in paragraph (a) in respect of the particular taxpayer or a connected person or connected partnership, in respect SUBDIVISION I Shareholders of Corporations Not Resident in Canada of the particular taxpayer, all transactions or events that occur at the particular time are deemed to occur at the stub-period end time. (1.3) The following definitions apply in this subsection and subsections (1.1) and (1.2). aggregate participating percentage, of a taxpayer in respect of a foreign affiliate of the taxpayer for a taxation year of the affiliate, means the total of all amounts, each of which is the participating percentage, in respect of the affiliate, of a share of the capital stock of a corporation that is owned by the taxpayer at the end of the taxation year. (pourcentage de participation total) connected person, in respect of a particular taxpayer, means a person that — at or immediately after the particular time at which subsection (1.2) applies in respect of a foreign affiliate of the particular taxpayer — is resident in Canada and (a) does not deal at arm’s length with the particular taxpayer; or (b) deals at arm’s length with the particular taxpayer, if (i) the foreign affiliate is a foreign affiliate of the person at the particular time, and (ii) the aggregate participating percentage of the person in respect of the foreign affiliate for the affiliate’s ordinary taxation year may reasonably be considered to have increased as a result of the triggering event that gave rise to the application of subsection (1.2). (personne rattachée) connected partnership, in respect of a particular taxpayer, means a partnership if, at or immediately after the particular time at which subsection (1.2) applies in respect of a foreign affiliate of the particular taxpayer, (a) the particular taxpayer or a connected person in respect of the particular taxpayer is, directly or indirectly through one or more partnerships, a member of the partnership; or (b) if paragraph (a) does not apply, (i) the foreign affiliate is a foreign affiliate of the partnership at the particular time, and (ii) the aggregate participating percentage of the partnership in respect of the foreign affiliate for the affiliate’s ordinary taxation year may reasonably be considered to have increased as a result of the triggering event that gave rise to the application of subsection (1.2). (société de personnes rattachée) excluded acquisition or disposition, in respect of a taxation year of a foreign affiliate of a taxpayer, means an acquisition or disposition of an equity interest in a corporation, partnership or trust that can reasonably be considered to result in a change in the aggregate participating percentage of the taxpayer in respect of the affiliate for the taxation year of the affiliate, if (a) the change is less than 1%; and (b) it cannot reasonably be considered that one of the main reasons the acquisition or disposition occurs as a separate acquisition or disposition from one or more other acquisitions or dispositions is to avoid the application of subsection (1.2). (acquisition ou disposition exclue) triggering event means (a) an acquisition or disposition of an equity interest in a corporation, partnership or trust; (b) a change in the terms or conditions of a share of the capital stock of a corporation or the rights as a member of a partnership or as a beneficiary under a trust; and (1.4) If the conditions in subsection (1.1) are not met at a particular time in respect of a particular foreign affiliate of a taxpayer resident in Canada, subsection (1.2) applies in respect of the particular affiliate at that time if (a) the conditions in paragraph (1.1)(a) are met in respect of the particular affiliate at the particular time; (b) immediately after the particular time there is a disposition of shares of the capital stock of the particular affiliate or another foreign affiliate of the taxpayer that had an equity percentage (as defined in subsection 95(4)) in the particular affiliate by (i) the taxpayer, or (ii) a controlled foreign affiliate of the taxpayer; and (c) the taxpayer and all specified corporations jointly elect in writing to apply subsection (1.2) in respect of the disposition and file the election with the Minister on or before the day that is the earliest filing-due date for all taxpayers making the election in respect of the taxation year in which the transaction to which the election relates occurred, and for this purpose, a specified corporation means a corporation that at or immediately after the particular time meets the following conditions: (i) the corporation is resident in Canada, (ii) the corporation does not deal at arm’s length with the taxpayer, and (iii) the particular affiliate is a foreign affiliate of the corporation, or of a partnership of which the corporation is, directly or indirectly through one or more partnerships, a member. Reserve where foreign exchange restriction
a) la fraction d’un montant qui lui est attribué pour l’année en vertu du paragraphe (2) par le fiduciaire du régime qui ne peut dépasser l’excédent éventuel : (i) du total des sommes dont chacune représente une cotisation qu’il a versée au régime pour l’année ou une année antérieure, sur le total des sommes dont chacune représente : (ii) soit une somme relative au régime et qu’il a déduite dans le calcul de son revenu pour une année antérieure, (iii) soit une somme qu’il a reçue au cours de l’année ou au cours d’une année antérieure et qui représentait un remboursement de sommes versées par lui au régime; b) dans le cas où, à la fin de l’année, toutes les obligations du régime à l’égard de ses employés et de ses anciens employés ont été honorées et où aucun bien du régime ne sera payé par la suite ou autrement mis à la disposition du contribuable, l’excédent éventuel : (i) du total des sommes dont chacune représente une cotisation qu’il a versée au régime pour l’année ou pour une année antérieure, sur le total des sommes dont chacune représente : [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1980-81-82-83, c. 48, s. 14; 1994, c. 7, Sch. II, s. 200; 2001, c. 17, s. 19; 2010, c. 25, s. 7; 2013, c. 33, s. 4.
Where an amount in respect of a share has been included in computing the income of a taxpayer for a taxation year by virtue of subsection 91(1) or 91(3) and the Minister is satisfied that, by reason of the operation of monetary or exchange restrictions of a country other than Canada, the inclusion of the whole amount with no deduction for a reserve in respect thereof would impose undue hardship on the taxpayer, there may be deducted in computing the taxpayer’s income for the year such amount as a reserve in respect of the amount so included as the Minister deems reasonable in the circumstances. Reserve for preceding year to be included
34 [Repealed, 2017, c. 33, s. 7]
In computing the income of a taxpayer for a taxation year, there shall be included each amount in respect of a share that was deducted by virtue of subsection 91(2) in computing the taxpayer’s income for the immediately preceding year. Amounts deductible in respect of foreign taxes
(A - B) × C/D where
Where, by virtue of subsection 91(1), an amount in respect of a share has been included in computing the income of a taxpayer for a taxation year for any of the 5 immediately preceding taxation years (in this subsection referred to as the “income amount”), there may be deducted in computing the taxpayer’s income for the year the lesser of (i) the portion of the foreign accrual tax applicable to the income amount that was not deductible under this subsection in any previous year is multiplied by (ii) the taxpayer’s relevant tax factor for the year, (b) the amount, if any, by which the income amount exceeds the total of the amounts in respect of that share deductible under this subsection in any of the 5 immediately preceding taxation years in respect of the income amount. Denial of foreign accrual tax (4.1) For the purposes of the definition foreign accrual tax in subsection 95(1), foreign accrual tax applicable to a particular amount included in computing a taxpayer’s income under subsection (1) for a taxation year of the taxpayer in respect of a particular foreign affiliate of the taxpayer is not to include the amount that would, in the absence of this subsection, be foreign accrual tax applicable to the particular amount if, at any time in the taxation year (referred to in this subsection as the “affiliate year”) of the particular affiliate that ends in the taxation year of the taxpayer, (a) a specified owner in respect of the taxpayer is considered, (i) under the income tax laws (referred to in subsections (4.5) and (4.6) as the “relevant foreign tax law”) of any country other than Canada under the laws of which any income of a particular corporation — that is, at any time in the affiliate year, a pertinent person or partnership in respect of the particular affiliate — is subject to income taxation, to own less than all of the shares of the capital stock of the particular corporation that are considered to be owned by the specified owner for the purposes of this Act, or (ii) under the income tax laws (referred to in subsections (4.5) and (4.6) as the “relevant foreign tax law”) of any country other than Canada under the laws of which any income of a particular partnership — that is, at any time in the affiliate year, a pertinent person or partnership in respect of the particular affiliate — is subject to income taxation, to have a lesser direct or indirect share of the income of the particular partnership than the specified owner is considered to have for the purposes of this Act; or (b) where the taxpayer is a partnership, the direct or indirect share of the income of the partnership of any member of the partnership that is, at any time in the affiliate year, a person resident in Canada or a foreign affiliate of such a person, is under the income tax laws (referred to in subsection (4.6) as the “relevant foreign tax law”) of any country other than Canada under the laws of which any income of the partnership is subject to income taxation, less than the member’s direct or indirect share of that income for the purposes of this Act. Specified owner (4.2) For the purposes of subsections (4.1) and (4.5), a specified owner, at any time, in respect of a taxpayer means the taxpayer or a person or partnership that is, at that time, (a) a partnership of which the taxpayer is a member; (b) a foreign affiliate of the taxpayer; (c) a partnership a member of which is a foreign affiliate of the taxpayer; or Pertinent person or partnership (4.3) For the purposes of this subsection and subsection (4.1), a pertinent person or partnership, at any time, in respect of a particular foreign affiliate of a taxpayer means the particular affiliate or a person or partnership that is, at that time, SUBDIVISION I Shareholders of Corporations Not Resident in Canada (a) another foreign affiliate of the taxpayer (i) in which the particular affiliate has an equity percentage, or (ii) that has an equity percentage in the particular affiliate; (b) a partnership a member of which is at that time a pertinent person or partnership in respect of the particular affiliate under this subsection; or Series of transactions (4.4) For the purposes of subsections (4.2) and (4.3), if, as part of a series of transactions or events that includes the earning of the foreign accrual property income that gave rise to the particular amount referred to in subsection (4.1), a foreign affiliate (referred to in this subsection as the “funding affiliate”) of the taxpayer or of a person (referred to in this subsection as the “related person”) resident in Canada that is related to the taxpayer, or a partnership (referred to in this subsection as the “funding partnership”) of which such a related person is a member, directly or indirectly provided funding to the particular affiliate, or a partnership of which the particular affiliate is a member, otherwise than by way of loans or other indebtedness that are subject to terms or conditions made or imposed, in respect of the loans or other indebtedness, that do not differ from those that would be made or imposed between persons dealing at arm’s length or by way of an acquisition of shares of the capital stock of any corporation, then (a) if the funding affiliate is, or the funding partnership has a member that is, a foreign affiliate of the related person, the following persons and partnerships are deemed, at all times during which the foreign accrual property income is earned by the particular affiliate, to be specified owners in respect of the taxpayer: (i) the related person, (ii) each foreign affiliate of the related person, and (iii) each partnership a member of which is a person referred to in subparagraph (i) or (ii); and (b) the following persons and partnerships are deemed, at all times during which the foreign accrual property income is earned by the particular affiliate, to be pertinent persons or partnerships in respect of the particular affiliate: (i) the funding affiliate or the funding partnership, (A) in which the funding affiliate has an equity percentage, or (B) that has an equity percentage in the funding affiliate, and (iii) a partnership a member of which is a person or partnership referred to in subparagraph (i) or (ii). (4.5) For the purposes of subparagraph (4.1)(a)(i), a specified owner in respect of the taxpayer is not to be considered, under the relevant foreign tax law, to own less than all of the shares of the capital stock of a corporation that are considered to be owned for the purposes of this Act solely because the specified owner or the corporation is not treated as a corporation under the relevant foreign tax law. (4.6) For the purposes of subparagraph (4.1)(a)(ii) and paragraph (4.1)(b), a member of a partnership is not to be considered to have a lesser direct or indirect share of the income of the partnership under the relevant foreign tax law than for the purposes of this Act solely because of one or more of the following: (a) a difference between the relevant foreign tax law and this Act in the manner of (i) computing the income of the partnership, or (ii) allocating the income of the partnership because of the admission to, or withdrawal from, the partnership of any of its members; (b) the treatment of the partnership as a corporation under the relevant foreign tax law; or SUBDIVISION i Shareholders of Corporations Not Resident in Canada (c) the fact that the member is not treated as a corporation under the relevant foreign tax law. Deemed ownership (4.7) For the purposes of subsection (4.1), if a specified owner owns, for the purposes of this Act, shares of the capital stock of a corporation and the dividends, or similar amounts, in respect of those shares are treated under the income tax laws of any country other than Canada under the laws of which any income of the corporation is subject to income taxation as interest or another form of deductible payment, the specified owner is deemed to be considered, under those tax laws, to own less than all of the shares of the capital stock of the corporation that are considered to be owned by the specified owner for the purposes of this Act. Amounts deductible in respect of dividends received
Where (d) the amount determined by the formula (A - B) × C/D where Deduction
Where in a taxation year a taxpayer resident in Canada has received a dividend on a share of the capital stock of a corporation that was at any time a controlled foreign affiliate of the taxpayer, there may be deducted, in respect of such portion of the dividend as is prescribed to have been paid out of the taxable surplus of the affiliate, in computing the taxpayer’s income for the year, the lesser of (a) the amount by which that portion of the dividend exceeds the amount, if any, deductible in respect thereof under paragraph 113(1)(b), and (b) the amount, if any, by which (i) the total of all amounts required by paragraph 92(1)(a) to be added in computing the adjusted cost base to the taxpayer of the share before the dividend was so received by the taxpayer (ii) the total of all amounts required by paragraph 92(1)(b) to be deducted in computing the adjusted cost base to the taxpayer of the share before the dividend was so received by the taxpayer.
to (7) [Repealed, 2013, c. 40, s. 15] sommes ci-après dans le calcul de son revenu pour l’année tirée de l’entreprise : a) le montant indiqué dans la déclaration de revenu du particulier pour l’année; b) le résultat du calcul suivant : (A - B) × C/D où : A représente le revenu du particulier tiré de l’entreprise pour l’exercice donné, B le moins élevé des montants suivants : (i) le total des montants représentant chacun un montant, compris dans le calcul de l’élément A relativement à l’entreprise, qui est réputé être un gain en capital imposable pour l’application de l’article 110.6, (ii) le total des montants déduits en application de l’article 110.6 dans le calcul du revenu imposable du particulier pour l’année d’imposition qui comprend la fin de l’exercice donné, C le nombre de jours où le particulier exploite l’entreprise qui tombent à la fois dans l’année et l’exercice donné, D le nombre de jours où le particulier exploite l’entreprise qui tombent dans l’exercice donné. Déduction
Where a share of the capital stock of a foreign affiliate of a taxpayer that is a taxable Canadian corporation is acquired by the taxpayer from another corporation resident in Canada with which the taxpayer is not dealing at arm’s length, for the purpose of subsection 91(5), any amount required by section 92 to be added or deducted, as the case may be, in computing the adjusted cost base to the other corporation of the share shall be deemed to have been so required to be added or deducted, as the case may be, in computing the adjusted cost base to the taxpayer of the share. Shares acquired from a partnership
Est à déduire dans le calcul du revenu qu’un particulier tire d’une entreprise pour une année d’imposition le montant inclus, en application des paragraphes (1) ou (2), dans le calcul du revenu qu’il en tire pour l’année d’imposition précédente.
For the purpose of subsection (5), where a taxpayer resident in Canada acquires a share of the capital stock of a corporation that is immediately after the acquisition a foreign affiliate of the taxpayer from a partnership of which the taxpayer, or a corporation resident in Canada with which the taxpayer was not dealing at arm’s length at the time the share was acquired, was a member (each such person referred to in this subsection as the “member”) at any time during any fiscal period of the partnership that began before the acquisition, (a) that portion of any amount required by subsection 92(1) to be added to the adjusted cost base to the partnership of the share of the capital stock of the foreign affiliate equal to the amount included in the income of the member because of subsection 96(1) in respect of the amount that was included in the income of the partnership because of subsection 91 (1) or (3) in respect of the foreign affiliate and added to that adjusted cost base; and (b) that portion of any amount required by subsection 92(1) to be deducted from the adjusted cost base to the partnership of the share of the capital stock of the foreign affiliate equal to the amount by which the income of the member from the partnership under subsection 96(1) was reduced because of the amount deducted in computing the income of the partnership under subsection 91 (2), (4) or (5) and deducted from that adjusted cost base is deemed to be an amount required by subsection 92(1) to be added or deducted, as the case may be, in computing the adjusted cost base to the taxpayer of the share. Adjusted cost base of share of foreign affiliate
à (7) [Abrogés, 2013, ch. 40, art. 15] Exception
(a) there shall be added in respect of that share any amount included in respect of that share under subsection 91(1) or (3) in computing the taxpayer’s income for the year or any preceding taxation year (or that would have been required to have been so included in computing the taxpayer’s income but for subsection 56(4.1) and sections 74.1 to 75 of this Act and section 74 of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, except that, if the amount so included is greater than it otherwise would have been because of the application of clause 95(2.11)(ii)(D), the amount added under this paragraph shall be the amount that would have been so included in the absence of that clause; and (b) there shall be deducted in respect of that share (i) any amount deducted by the taxpayer under subsection 91(2) or (4), and (ii) any dividend received by the taxpayer before that time, to the extent of the amount deducted by the taxpayer, in respect of the dividend, under subsection 91(5) in computing the taxpayer’s income for the year or any preceding taxation year (or that would have been deductible by the taxpayer but for subsection 56(4.1) and sections 74.1 to 75 of this Act and section 74 of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952). (1.1) The prescribed amount shall be added in computing the adjusted cost base of a share of the capital stock of a foreign affiliate of a corporation resident in Canada to (a) another foreign affiliate of the corporation; or (b) a partnership of which another foreign affiliate of the corporation is a member. (1.2) There is to be added in computing the adjusted cost base to a taxpayer of a share of the capital stock of a foreign affiliate of the taxpayer any amount required by paragraph 93(4)(b) of this Act to be so added. Deduction in computing adjusted cost base
Les paragraphes (1) et (2) ne s’appliquent pas au calcul du revenu qu’un particulier tire d’une entreprise pour une année d’imposition si : a) le particulier décède ou cesse autrement d’exploiter l’entreprise au cours de l’année; b) le particulier fait faillite au cours de l’année civile où l’année d’imposition prend fin. Income Tax PART I Income Tax DIVISION B Computation of Income
In computing, at any time in a taxation year, SUBDIVISION I Shareholders of Corporations Not Resident in Canada (a) the adjusted cost base to a corporation resident in Canada (in this subsection referred to as an “owner”) of any share of the capital stock of a foreign affiliate of the corporation, or (b) the adjusted cost base to a foreign affiliate (in this subsection referred to as an “owner”) of a person resident in Canada of any share of the capital stock of another foreign affiliate of that person, there shall be deducted, in respect of any dividend received on the share before that time by the owner of the share, an amount equal to the amount, if any, by which (c) such portion of the amount of the dividend so received as was deductible by virtue of paragraph 113(1)(d) from the income of the owner for the year in computing the owner’s taxable income for the year as would have been so deductible if the owner had been a corporation resident in Canada, (d) such portion of any income or profits tax paid by the owner to the government of a country other than Canada as may reasonably be regarded as having been paid in respect of the portion described in paragraph 92(2)(c).
Death of partner or proprietor
In computing, at any time in a taxation year, the adjusted cost base to a corporation resident in Canada of any share of the capital stock of a foreign affiliate of the corporation, there shall be deducted an amount in respect of any dividend received on the share by the corporation before that time equal to such portion of the amount so received as was deducted under subsection 113(2) from the income of the corporation for the year or any preceding year in computing its taxable income. Disposition of a partnership interest
Where (d) the individual’s legal representative (ii) files a separate return of income under subsection 150(4) in respect of the individual’s business, (A - B) × C/D where [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1996, c. 21, s. 8; 1998, c. 19, s. 84; 2013, c. 40, s. 15; 2014, c. 39, s. 8. Definitions Impôt sur le revenu
Where a corporation resident in Canada or a foreign affiliate of a corporation resident in Canada has at any time disposed of all or a portion of an interest in a partnership of which it was a member, there shall be added, in computing the proceeds of disposition of that interest, the amount determined by the formula A is the amount, if any, by which (a) the total of all amounts each of which is an amount that was deductible under paragraph 113(1)(d) by the member from its income in computing its taxable income for any taxation year of the member that began before that time in respect of any portion of a dividend received by the partnership, or would have been so deductible if the member were a corporation resident in Canada, exceeds (b) the total of all amounts each of which is the portion of any income or profits tax paid by the partnership or the member of the partnership to a government of a country other than Canada that can reasonably be considered as having been paid in respect of the member's share of the dividend described in paragraph (a); B is the total of (a) the total of all amounts each of which was an amount added under this subsection in computing the member's proceeds of a disposition before that time of another interest in the partnership, and (b) the total of all amounts each of which was an amount deemed by subsection (5) to be a gain of the member from a disposition before that time of a share by the partnership; C is the adjusted cost base, immediately before that time, of the portion of the member's interest in the partnership disposed of by the member at that time; and D is the adjusted cost base, immediately before that time, of the member's interest in the partnership immediately before that time. Deemed gain from the disposition of a share
Where a partnership has, at any time in a fiscal period of the partnership at the end of which a corporation resident in Canada or a foreign affiliate of a corporation resident in Canada was a member, disposed of a share of the capital stock of a corporation, the amount determined under subsection (6) in respect of such a member is deemed to be a gain of the member from the disposition of the share by the partnership for the member's taxation year in which the fiscal period of the partnership ends.
The amount determined for the purposes of subsection (5) is the amount determined by the formula A is the amount, if any, by which (a) the total of all amounts each of which is an amount that was deductible under paragraph 113(1)(d) by the member from its income in computing its taxable income for a taxation year in respect of any portion of a dividend received by the partnership on the share in a fiscal period of the partnership that began before the time referred to in subsection (5) and ends in the member’s taxation year, or would have been so deductible if the member were a corporation resident in Canada, (b) the total of all amounts each of which is the portion of any income or profits tax paid by the partnership on the member to a government of a country other than Canada that can reasonably be considered as having been paid in respect of the portion of the dividend that is included in paragraph (a); and B is the total of all amounts each of which is an amount that was added under subsection (4) in computing the member’s proceeds of a disposition before the time referred to in subsection (5) of an interest in the partnership. [NOTE: Application provisions are not included in the consolidated text; see relevant amending acts and regulations.]
(a) the amount (referred to in this subsection as the “elected amount”) designated by the corporation in its election not exceeding the amount that would, in the absence of this subsection, be the gain of the disposing corporation or disposing affiliate, as the case may be, from the disposition of the share, is deemed SUBDIVISION I Shareholders of Corporations Not Resident in Canada (i) to have been a dividend received on the share from the particular affiliate by the disposing corporation or disposing affiliate, as the case may be, immediately before that time, and (ii) not to have been received by the disposing corporation or disposing affiliate, as the case may be, as proceeds of disposition in respect of the disposition of the share; and (b) if subsection 40(3) applies to the disposing corporation or disposing affiliate, as the case may be, in respect of the share, the amount deemed by that subsection to be the gain of the disposing corporation or disposing affiliate, as the case may be, from the disposition of the share is, except for the purposes of paragraph 53(1)(a), deemed to be equal to the amount, if any, by which (i) the amount deemed by that subsection to be the gain from the disposition of the share determined without reference to this paragraph (a) a particular foreign affiliate of a corporation resident in Canada disposes at any time of a share (referred to in this paragraph and subsection (1.11) as the “disposed share”) of the capital stock of another foreign affiliate of the corporation and the particular affiliate would, in the absence of subsections (1) and (1.11), have a capital gain from the disposition of the disposed share; or (b) a corporation resident in Canada would, in the absence of subsections (1) and (1.11), be deemed under subsection 40(3), because of an election under subsection 90(3) or subparagraph 5901(2)(b)(ii) of the Income Tax Regulations, to have realized a gain from a disposition at any time of a share (referred to in subsection (1.11) as the “disposed share”) of the capital stock of a foreign affiliate of the corporation. Deemed election (1.11) If this subsection applies, the corporation resident in Canada referred to in subsection (1.1) is deemed (a) to have made an election, at the time referred to in subsection (1.1), under subsection (1) in respect of the disposition of the disposed share; and SUBDIVISION I Shareholders of Corporations Not Resident in Canada (b) to have designated, in the election, the prescribed amount in respect of the disposition of the disposed share. Disposition of shares of a foreign affiliate held by a partnership (1.2) Where a particular corporation resident in Canada or a foreign affiliate of the particular corporation (each of which is referred to in this subsection as the “disposing corporation”) would, but for this subsection, have a taxable capital gain from a disposition by a partnership, at any time, of shares of a class of the capital stock of a foreign affiliate of the particular corporation and the particular corporation so elects in prescribed manner in respect of the disposition, (i) the amount designated by the particular corporation (which amount shall not exceed the amount that is equal to the proportion of the taxable capital gain of the partnership that the number of shares of that class of the capital stock of the foreign affiliate, determined as the amount, if any, by which the number of those shares that were deemed to have been owned by the disposing corporation for the purposes of subsection 93.1(1) immediately before the disposition exceeds the number of those shares that were deemed to have been owned for those purposes by the disposing corporation immediately after the disposition, is of the number of those shares of the foreign affiliate that were owned by the partnership immediately before the disposition), or in respect of those shares is deemed to have been a dividend received immediately before that time on the number of those shares of the foreign affiliate which shall be determined as the amount, if any, by which the number of those shares that the disposing corporation was deemed to own for the purpose of subsection 93.1(1) immediately before the disposition exceeds the number of those shares of the foreign affiliate that the disposing corporation was deemed to own for the purposes of subsection 93.1(1) immediately after the disposition; (b) notwithstanding section 96, the disposing corporation’s taxable capital gain from the disposition of those shares is deemed to be the amount, if any, by which the disposing corporation’s taxable capital gain from the disposition of the shares otherwise determined exceeds the amount designated by the particular corporation in respect of the shares; (c) for the purpose of any regulation made under this subsection, the disposing corporation is deemed to have disposed of the number of those shares of the foreign affiliate which shall be determined as the amount, if any, by which the number of those shares that the disposing corporation was deemed to own for the purposes of subsection 93.1(1) immediately before the disposition exceeds the number of those shares that the disposing corporation was deemed to own for those purposes immediately after the disposition; (d) for the purposes of section 113 in respect of the dividend referred to in paragraph (a), the disposing corporation is deemed to have owned the shares on which that dividend was received; and (e) where the disposing corporation has a taxable capital gain from the partnership because of the application of subsection 40(3) to the partnership in respect of the shares, for the purposes of this subsection, the shares are deemed to have been disposed of by the partnership. Deemed election (1.3) Where a foreign affiliate of a particular corporation resident in Canada has a gain from the disposition by a partnership at any time of shares of a class of the capital stock of a foreign affiliate of the particular corporation that are excluded property, the particular corporation is deemed to have made an election under subsection (1.2) in respect of the number of shares of the foreign affiliate which shall be determined as the amount, if any, by which the number of those shares that the disposing corporation was deemed to own for the purposes of subsection 93.1(1) immediately before the disposition exceeds the number of those shares that the disposing corporation was deemed to own for those purposes immediately after the disposition. (a) a particular corporation (referred to in subparagraph (2.01)(b)(ii) as the “vendor”, as the context requires) resident in Canada has a particular loss, determined without reference to this section, from the disposition by it at any time (referred to in subsection (2.01) as the “disposition time”) of a share (referred to SUBDIVISION I Shareholders of Corporations Not Resident in Canada in subsection (2.01) as the “affiliate share”) of the capital stock of a foreign affiliate of the particular corporation; or (b) a foreign affiliate (referred to in subparagraph (2.01)(b)(ii) as the “vendor”) of a particular corporation resident in Canada has a particular loss, determined without reference to this section, from the disposition by it at any time (referred to in subsection (2.01) as the “disposition time”) of a share (referred to in subsection (2.01) as the “affiliate share”) of the capital stock of another foreign affiliate of the particular corporation that is not an excluded property. (2.01) If this subsection applies, the amount of the particular loss referred to in paragraph (2)(a) or (b) is deemed to be the greater of (a) the amount determined by the formula A is the amount of the particular loss determined without reference to this section, B is the total of all amounts each of which is an amount received before the disposition time, in respect of an exempt dividend on the affiliate share or on a share for which the affiliate share was substituted, by (i) the particular corporation referred to in subsection (2), (ii) another corporation that is related to the particular corporation, (iii) a foreign affiliate of the particular corporation, or (iv) a foreign affiliate of another corporation that is related to the particular corporation, and C is the total of (i) the total of all amounts each of which is the amount by which a loss (determined without reference to this section), from a previous disposition by a corporation, or a foreign affiliate described in the description of B, of the affiliate share or a share for which the affiliate share was substituted, was reduced under this paragraph in respect of the exempt dividends referred to in the description of B, (ii) the total of all amounts each of which is twice the amount by which an allowable capital loss (determined without reference to this section), of a corporation or a foreign affiliate described in the description of B, from a previous disposition by a partnership of the affiliate share or a share for which the affiliate share was substituted, was reduced under paragraph (2.11)(a) in respect of the exempt dividends referred to in the description of B, (iii) the total of all amounts each of which is the amount by which a loss (determined without reference to this section), from a previous disposition by a corporation, or a foreign affiliate described in the description of B, of an interest in a partnership, was reduced under paragraph (2.21)(a) in respect of the exempt dividends referred to in the description of B, and (iv) the total of all amounts each of which is twice the amount by which an allowable capital loss (determined without reference to this section), of a corporation, or a foreign affiliate described in the description of B, from a previous disposition by a partnership of an interest in another partnership, was reduced under paragraph (2.31)(a) in respect of the exempt dividends referred to in the description of B, and (i) the portion of the particular loss, determined without reference to this section, that can reasonably be considered to be attributable to a fluctuation in the value of a currency other than Canadian currency relative to Canadian currency, and (ii) the amount determined in respect of the vendor that is (A) if the particular loss is a capital loss, the amount of a gain (other than a specified gain) that (I) was made within 30 days before or after the disposition time by the vendor and that
Décès d’un associé ou d’un propriétaire d’entreprise
Malgré le paragraphe (8), un montant est à inclure dans le calcul du revenu d’un particulier pour une année d’imposition tiré d’une entreprise qu’il exploite au cours de l’année si les conditions suivantes sont réunies : a) le particulier décède dans l’année, après la fin de l’exercice de l’entreprise qui se termine dans l’année; b) un autre exercice de l’entreprise (appelé « exercice abrégé » au présent paragraphe) prend fin en raison du décès du particulier; c) le représentant légal du particulier : (i) soit choisit de calculer le revenu du particulier pour l’année conformément au présent paragraphe, (ii) soit produit une déclaration de revenu distincte aux termes du paragraphe 150(4) relativement à l’entreprise du particulier. Ce montant est égal au résultat du calcul suivant : (A - B) × C/D où : A représente le total du revenu du particulier tiré de l’entreprise pour les exercices de celle-ci (sauf l’exercice abrégé) se terminant dans l’année; B le moins élevé des montants suivants : (i) le total des montants représentant chacun un montant compris dans la valeur de A relativement à l’entreprise et qui est réputé être un gain en capital imposable pour l’application de l’article 110.6, (ii) le total des montants déduits en application de l’article 110.6 dans le calcul du revenu imposable du particulier pour l’année; C le nombre de jours de l’exercice abrégé; D le nombre total de jours des exercices de l’entreprise (sauf l’exercice abrégé) se terminant dans l’année. [NOTE : Les dispositions d’application ne sont pas incluses dans le texte consolidé; voir les lois et règlements modificatifs appropriés.] 1996, ch. 21, art. 8; 1998, ch. 19, art. 84; 2013, ch. 40, art. 15; 2014, ch. 39, art. 8. Définitions
was, at all times at which it was a debt obligation of the vendor owing to a person or partnership that dealt, at all times during which the foreign currency debt was outstanding, at arm’s length with the particular corporation and can reasonably be considered to have been issued or incurred in relation to the acquisition of the affiliate share, or (III) is a capital gain realized within 30 days before or after the disposition time by the vendor under an agreement that
alignement pour paliers multiples Relativement à une société de personnes, alignement, prévu aux paragraphes 249.1(9) ou (11), de l’exercice de la société de personnes Income Tax PART I Income Tax DIVISION B Computation of Income
[(A – B) × C/D] – (E + F) where [(A – B) × C/D] – (E + F) where Impôt sur le revenu
(B) in any other case, the amount of a gain (other than a specified gain or a capital gain) that was realized within 30 days before or after the disposition time by the vendor that is included in computing the income of the vendor for the taxation year that includes the time the gain was realized and (I) that is in respect of the settlement or extinguishment of a foreign currency debt that
et de celui d’une ou de plusieurs autres sociétés de personnes. (multi-tier alignment) alignement pour palier unique Relativement à une société de personnes, le fait de mettre fin à un exercice de la société de personnes conformément au paragraphe 249.1(8). (single-tier alignment) dépense admissible relative à des ressources Est une dépense admissible relative à des ressources d’une société pour une année d’imposition, relativement à l’exercice d’une société de personnes qui commence dans l’année et se termine après la fin de l’année, toute dépense engagée par la société de personnes au cours de la partie de l’exercice comprise dans l’année et visée à l’une des définitions suivantes : a) frais d’exploration au Canada au paragraphe 66.1(6); b) frais d’aménagement au Canada au paragraphe 66.2(5); c) frais relatifs à des ressources à l’étranger au paragraphe 66.21(1); d) frais à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe 66.4(5). (qualified resource expense) montant comptabilisé ajusté pour la période tampon Le montant comptabilisé ajusté pour la période tampon d’une société relativement à une société de personnes dans laquelle la société a une participation importante à la fin du dernier exercice de la société de personnes se terminant dans l’année d’imposition de la société, dans des circonstances où un autre exercice (appelé « période tampon » dans la présente définition) de la société de personnes commence dans l’année et se termine après la fin de l’année — correspond à celle des sommes ci-après qui est applicable : a) si l’alinéa b) ne s’applique pas, la somme obtenue par la formule suivante : [(A – B) × C/D] – (E + F) où : A représente le total des sommes dont chacune représente la part revenant à la société, d’un revenu ou d’un gain en capital imposable de la société de personnes pour un exercice de celle-ci se terminant dans l’année, à l’exclusion d’une somme au titre de laquelle une déduction est permise en application des articles 112 ou 113, Income Tax PART I Income Tax DIVISION B Computation of Income
(III) under an agreement that
(A - B - C) × D/E - (F + G) where Impôt sur le revenu
(2.02) For the purposes of clauses (2.01)(b)(ii)(A) and (B), a specified gain means a gain in respect of the settlement or extinguishment of a foreign currency debt referred to in sub-subclause (2.01)(b)(ii)(A)(I)2 or sub-subclause (2.01)(b)(ii)(B)(I), as the case may be, or that arises under a particular agreement referred to in subclause (2.01)(b)(ii)(A)(II) or (B)(II), if the particular corporation, or any person or partnership with which the particular corporation was not — at any time during which the foreign currency debt was outstanding or the particular agreement was in force, as the case may be — dealing at arm’s length, entered into the debt or the particular agreement that may reasonably be considered to have been entered into for the principal purpose of hedging any foreign exchange exposure arising in connection with the foreign currency debt or the particular agreement. (a) a particular corporation resident in Canada has a particular allowable capital loss, determined without reference to this section, from the disposition at any time (referred to in subsection (2.11) as the "disposition time") by a partnership (referred to in subsections (2.11) and (2.12) as the "disposing partnership") of a share (referred to in subsection (2.11) as the "affiliate share") of the capital stock of a foreign affiliate of the particular corporation; or (b) a foreign affiliate of a particular corporation resident in Canada has a particular allowable capital loss, determined without reference to this section, from the disposition at any time (referred to in subsection (2.11) as the "disposition time") by a partnership (referred to in subsections (2.11) and (2.12) as the "disposing partnership") of a share (referred to in subsection (2.11) as the "affiliate share") of the capital stock of another foreign affiliate of the particular corporation that would not be excluded property of the affiliate if the affiliate had owned the share immediately before the disposition time. Loss limitation on disposition of foreign affiliate share by a partnership (2.11) If this subsection applies, the amount of the particular allowable capital loss referred to in paragraph (2.1)(a) or (b) is deemed to be the greater of (a) the amount determined by the formula A is the amount of the particular allowable capital loss determined without reference to this section, B is ½ of the total of all amounts each of which is an amount received before the disposition time, in respect of an exempt dividend on the affiliate share or on a share for which the affiliate share was substituted, by (i) the particular corporation referred to in subsection (2.1), (ii) another corporation that is related to the particular corporation, (iii) a foreign affiliate of the particular corporation, or (iv) a foreign affiliate of another corporation that is related to the particular corporation, and C is the total of (i) the total of all amounts each of which is ½ of the amount by which a loss (determined SUBDIVISION I Shareholders of Corporations Not Resident in Canada without reference to this section), from a previous disposition by a corporation, or a foreign affiliate described in the description of B, of the affiliate share or a share for which the affiliate share was substituted, was reduced under paragraph (2.01)(a) in respect of the exempt dividends referred to in the description of B, (ii) the total of all amounts each of which is the amount by which an allowable capital loss (determined without reference to this section), of a corporation or a foreign affiliate described in the description of B, from a previous disposition by a partnership of the affiliate share or a share for which the affiliate share was substituted, was reduced under this paragraph in respect of the exempt dividends referred to in the description of B, (iii) the total of all amounts each of which is ½ of the amount by which a loss (determined without reference to this section), from a previous disposition by a corporation, or a foreign affiliate described in the description of B, of an interest in a partnership, was reduced under paragraph (2.21)(a) in respect of the exempt dividends referred to in the description of B, (iv) the total of all amounts each of which is the amount by which an allowable capital loss (determined without reference to this section), of a corporation, or a foreign affiliate described in the description of B, from a previous disposition by a partnership of an interest in another partnership, was reduced under paragraph (2.31)(a) in respect of the exempt dividends referred to in the description of B, and (i) the portion of the particular allowable capital loss, determined without reference to this section, that can reasonably be considered to be attributable to a fluctuation in the value of a currency other than Canadian currency relative to Canadian currency, and (ii) ½ of the amount determined in respect of the particular corporation, or the foreign affiliate (that is referred to in paragraph (2.1)(b)) of the particular corporation, that is the amount of a gain (other than a specified gain) that (A) was made within 30 days before or after the disposition time by the disposing partnership to the extent that the gain is reasonably attributable to the particular corporation or the foreign affiliate, as the case may be, and that (I) is deemed under subsection 39(2) to be a capital gain of the disposing partnership for the taxation year that includes the time the gain was made from the disposition of currency other than Canadian currency, and (II) is in respect of the settlement or extinguishment of a foreign currency debt that
A représente le total des sommes dont chacune représente la part, revenant à la société, d’un revenu ou d’un gain en capital imposable de la société de personnes pour un exercice de celle-ci se terminant dans l’année, à l’exclusion d’une somme au titre de laquelle une déduction peut être demandée en application des articles 112 ou 113, B le total des sommes dont chacune représente la part, revenant à la société, d’une perte ou d’une perte en capital déductible — dans la mesure où le total des pertes en capital déductibles n’excède pas le total des gains en capital imposables compris dans la valeur de l’élément A — de la société de personnes pour un exercice de celle-ci se terminant dans l’année, C le nombre de jours qui font partie à la fois de l’année et de l’exercice donné, D le nombre de jours des exercices de la société de personnes se terminant dans l’année, E le montant des dépenses admissibles relatives à des ressources pour l’exercice donné de la société de personnes que la société désigne pour l’année en vertu du paragraphe (6) dans la déclaration de revenu pour l’année qu’elle présente au ministre au plus tard à la date d’échéance de production qui lui est applicable pour l’année, F toute somme, à l’exclusion d’une somme comprise dans la valeur de l’élément E, que la société désigne dans la déclaration de revenu pour l’année qu’elle présente au ministre au plus tard à la date d’échéance de production qui lui est applicable pour l’année; b) si un des exercices de la société de personnes prend fin dans l’année d’imposition de la société et que cette fin marque le premier année d’imposition où l’exercice de la société de personnes est aligné sur celui d’un ou de plusieurs autres sociétés de personnes en raison d’un alignement pour plusieurs multiples (appelé « exercice admissible » au présent alinéa), (i) dans le cas où un exercice de la société de personnes prend fin dans l’année et avant l’exercice admissible, la somme obtenue par la formule suivante : [(A – B) × C/D] – (E + F) où : A représente le total des sommes dont chacune représente la part, revenant à la société, d’un revenu ou d’un gain en capital imposable de la société de personnes pour le premier exercice de celle-ci se terminant dans l’année, à l’exclusion d’une somme au titre de laquelle une déduction peut être demandée en application des articles 112 ou 113, B le total des sommes dont chacune représente la part, revenant à la société, d’une perte ou d’une perte en capital déductible — dans la mesure où D E F G A - B - C where A B C le total des pertes en capital déductibles n’excède pas le total des gains en capital imposables compris dans la valeur de l’élément A — de la société de personnes pour le premier exercice de celle-ci se terminant dans l’année, C le nombre de jours qui font partie à la fois de l’année et de l’exercice donné, D le nombre de jours du premier exercice de la société de personnes se terminant dans l’année, E le montant des dépenses admissibles relatives à des ressources pour l’exercice donné de la société de personnes que la société désigne pour l’année en vertu du paragraphe (6) dans la déclaration de revenu pour l’année qu’elle présente au ministre au plus tard à la date d’échéance de production qui lui est applicable pour l’année, F toute somme, à l’exclusion d’une somme comprise dans la valeur de l’élément E, que la société désigne dans la déclaration de revenu pour l’année qu’elle présente au ministre au plus tard à la date d’échéance de production qui lui est applicable pour l’année, (ii) dans le cas où l’exercice admissible de la société de personnes correspond à son premier exercice se terminant dans l’année d’imposition de la société, la somme obtenue par la formule suivante : (A - B - C) x D/E - (F + G) où : A représente le total des sommes dont chacune représente la part, revenant à la société, d’un revenu ou d’un gain en capital imposable de la société de personnes pour l’exercice admissible, à l’exclusion d’une somme au titre de laquelle une déduction peut être demandée en application des articles 112 ou 113, B le total des sommes dont chacune représente la part, revenant à la société, d’une perte ou d’une perte en capital déductible — dans la mesure où le total des pertes en capital déductibles n’excède pas le total des gains en capital imposables compris dans la valeur de l’élément A — de la société de personnes pour l’exercice admissible, C le revenu d’alignement admissible de la société pour l’exercice admissible, D le nombre de jours qui font partie à la fois de l’année et de l’exercice donné, A – B – C where multi-tier alignment, in respect of a partnership, means the alignment under subsection 249.1(9) or (11) of the fiscal period of the partnership and the fiscal period of one or more other partnerships. (alignement pour paliers multiples) E le nombre de jours de l’exercice admissible se terminant dans l’année, F le montant des dépenses admissibles relatives à des ressources pour l’exercice donné de la société de personnes que la société désigne pour l’année en vertu du paragraphe (6) dans la déclaration de revenu pour l’année qu’elle présente au ministre au plus tard à la date d’échéance de production qui lui est applicable pour l’année, G toute somme, à l’exclusion d’une somme comprise dans la valeur de l’élément F, que la société désigne dans la déclaration de revenu pour l’année qu’elle présente au ministre au plus tard à la date d’échéance de production qui lui est applicable pour l’année. (adjusted stub period accrual) participation importante Est une participation importante d’une société dans une société de personnes à un moment donné la participation de la société dans la société de personnes en vertu de laquelle la société a droit à nommer, à titre individuel ou de concert avec une ou plusieurs autres personnes ou sociétés de personnes : a) soit du revenu ou de la perte de la société de personnes; b) soit des actifs (net du passif) de la société de personnes dans l’éventualité où elle cesserait d’exister. (significant interest) pourcentage déterminé Celui des pourcentages ciaprès qui s’applique à une société pour une année d’imposition donnée relativement à une société de personnes : a) si la première année d’imposition pour laquelle la société a un revenu admissible à l’allégement prend fin en 2011 et que l’année donnée prend fin : (i) en 2011, 100 %, (ii) en 2012, 85 %, (iii) en 2013, 65 %, (iv) en 2014, 45 %, (v) en 2015, 25 %, (vi) en 2016, 0 %. (a) Canadian exploration expense in subsection 66.1(6); (d) Canadian oil and gas property expense in subsection 66.4(5). (dépense admissible relative à des ressources) (ii) in any other case, the corporation’s first taxation year that ends after March 22, 2011. (revenu admissible à l’alignement) (a) the income or loss of the partnership; or single-tier alignment, in respect of a partnership, means the ending of a fiscal period of the partnership under subsection 249.1(8). (alignement pour palier unique) b) si la première année d’imposition pour laquelle la société a un revenu admissible à l’alignement prend fin en 2012 et que l’année donnée prend fin : (i) en 2012, 100 %, (ii) en 2013, 85 %, (iii) en 2014, 65 %, (iv) en 2015, 45 %, (v) en 2016, 25 %, (vi) en 2017, 0 %; c) si la première année d’imposition pour laquelle la société a un revenu admissible à l’alignement prend fin en 2013 et que l’année donnée prend fin : (i) en 2013, 85 %, (ii) en 2014, 65 %, (iii) en 2015, 45 %, (iv) en 2016, 25 %, (v) en 2017, 0 %. (specified percentage) revenu admissible à l’alignement Le revenu admissible à l’alignement d’une société qui est un associé d’une société de personnes le 22 mars 2011 correspond au total des sommes ci-après, calculées selon le paragraphe (15) : a) le revenu d’alignement admissible de la société relativement à la société de personnes; b) le montant comptabilisé juste pour la période tampon de la société relativement à la société de personnes pour celle des années d’imposition ci-après qui est applicable : (i) si la société de personnes fait l’objet d’un alignement pour paliers multiples, l’année d’imposition de la société qui prend fin au cours de l’année d’imposition qui est alignée sur celui d’un ou de plusieurs autres sociétés de personnes pour paliers multiples, (ii) dans les autres cas, la première année d’imposition de la société qui prend fin après le 22 mars 2011. (qualifying transitional income) revenu d’alignement admissible Le revenu d’alignement admissible d’une société correspond à celles des sommes ci-après qui est applicable : specified percentage, of a corporation for a particular taxation year in respect of a partnership, means (i) 2011, 100%, (ii) 2012, 85%, (iii) 2013, 65%, (iv) 2014, 45%, (vi) 2016, 0%; (i) 2012, 100%, (ii) 2013, 85%, (iii) 2014, 65%, (iv) 2015, 45%, (v) 2016, 25%, and (vi) 2017, 0%; and (i) 2013, 85%, (ii) 2014, 65%, (iii) 2015, 45%, (v) 2017, 0%. (pourcentage déterminé) a) si une société de personnes fait l’objet d’un alignement pour pallier unique, que son premier exercice aligné prend fin dans la première année d’imposition de la société se terminant après le 22 mars 2011 (appelé « exercice admissible » au présent alinéa) et que la société est un associé de la société de personnes à la fin de l’exercice admissible : (i) dans le cas où l’exercice admissible est précédé d’un autre exercice de la société de personnes qui prend fin dans la première année d’imposition de la société se terminant après le 22 mars 2011 et où la société est un associé de la société de personnes à la fin de cet exercice précédent, la somme obtenue par la formule suivante : A - B - C où : A représente le total des sommes dont chacune représente la part, revenant à la société, d’un revenu ou d’un gain en capital imposable de la société de personnes pour l’exercice admissible, à l’exclusion des revenus ou gains imposables compris dans la valeur de l’élément A de la société de personnes pour l’exercice admissible, B le total des sommes dont chacune représente la part, revenant à la société, d’une perte ou d’une perte en capital déductible — dans la mesure où le total des pertes en capital déductibles n’excède pas le total des gains en capital imposables compris dans la valeur de l’élément A — de la société de personnes pour l’exercice admissible, C dans le cas où une dépense de la société de personnes est réputée, en vertu du paragraphe 66(18), être engagée ou effectuée par la société à la fin de l’exercice admissible, le total des sommes dont chacune représente une somme qui serait déductible par la société pour l’année d’imposition en application des articles 66.1, 66.2, 66.21 ou 66.4, déterminée comme si aucune de ces dépenses n’était incluse dans le calcul de la somme déductible, (ii) dans le cas où l’exercice admissible correspond au premier exercice de la société de personnes qui prend fin dans la première année d’imposition de la société se terminant après le 22 mars 2011, zéro; b) si une société de personnes fait l’objet d’un alignement pour palliers multiples, que son premier exercice aligné prend fin dans l’année d’imposition de la société (appelé « exercice admissible » au présent alinéa) et que la société est un associé de la société de personnes Somme à inclure dans le revenu — montant comptabilisé ajusté pour la période tampon
Sous réserve des paragraphes (5) et (9), une société, à l’exception d’une société professionnelle, est tenue d’inclure dans le calcul de son revenu pour une année d’imposition son montant comptabilisé ajusté pour la période tampon relativement à une société de personnes, si, à la fois : a) elle a une participation importante dans la société de personnes à la fin du dernier exercice de celle-ci se terminant dans l’année; b) un autre exercice de la société de personnes commence dans l’année et se termine après la fin de l’année; c) à la fin de l’année, la société a droit à une part du revenu, de la perte, du gain en capital imposable ou de A × B/C where Somme à inclure dans le revenu — nouvel associé
(B) is a capital gain (to the extent that the capital gain is reasonably attributable to the particular corporation or the foreign affiliate, as the case may be) realized within 30 days before or after the disposition time by the disposing partnership under an agreement that (I) was entered into by the disposing partnership, within 30 days before or after the acquisition of the affiliate share by the disposing partnership, with a person or partnership that dealt, at all times during which the agreement was in force, at arm’s length with the particular corporation, (II) provides for the purchase, sale or exchange of currency, and (III) can reasonably be considered to have been entered into by the disposing partnership for the principal purpose of hedging the foreign exchange exposure arising in connection with the acquisition of the affiliate share. (2.12) For the purposes of subparagraph (2.11)(b)(ii), a specified gain means a gain in respect of the settlement or extinguishment of a foreign currency debt referred to in subclause (2.11)(b)(ii)(A)(II), or that arises under a particular agreement referred to in clause (2.11)(b)(ii)(B), if the disposing partnership, or any person or partnership with which the particular corporation was not — at any time during which the foreign currency debt was outstanding or the particular agreement was in force, as the case may be — dealing at arm’s length, entered into an agreement that may reasonably be considered to have been entered into for the principal purpose of hedging any foreign exchange exposure arising in connection with the foreign currency debt or the particular agreement. (a) a particular corporation (referred to in subparagraph (2.21)(b)(ii) as the “vendor”, as the case may be) resident in Canada has a particular loss, determined without reference to this section, from the disposition by it at any time (referred to in subsection (2.21) as the “disposition time”) of an interest (referred to in subsection (2.21) as the “partnership interest”) in a partnership that has a direct or indirect interest, or, for civil law, a direct or indirect right, in shares (referred to in subsection (2.21) as the “affiliate shares”) of the capital stock of a foreign affiliate of the particular corporation; or (b) a foreign affiliate (referred to in subparagraph (2.21)(b)(ii) as the “vendor”) of a particular corporation resident in Canada has a particular loss, determined without reference to this section, from the disposition by it at any time (referred to in subsection (2.21) as the “disposition time”) of an interest (referred to in subsection (2.21) as the “partnership interest”) in a partnership that has a direct or indirect interest, or, for civil law, a direct or indirect right, in shares (referred to in subsection (2.21) as the “affiliate shares”) of the capital stock of another foreign affiliate of the particular corporation that would not be excluded property of the affiliate if the affiliate had owned the shares immediately before the disposition time. Loss limitation on disposition of partnership that has foreign affiliate shares (2.21) If this subsection applies, the amount of the particular loss referred to in paragraph (2.2)(a) or (b) is deemed to be the greater of (a) the amount determined by the formula A is the amount of the particular loss determined without reference to this section, B is the total of all amounts each of which is an amount received before the disposition time, in respect of an exempt dividend on affiliate shares or on shares for which affiliate shares were substituted, by (ii) another corporation that is related to the particular corporation, (iii) a foreign affiliate of the particular corporation, or (iv) a foreign affiliate of another corporation that is related to the particular corporation, and C is the total of (i) the total of all amounts each of which is the amount by which a loss (determined without reference to this section), from a previous disposition by a corporation, or a foreign affiliate described in the description of B, of the affiliate shares or shares for which the affiliate shares were substituted, was reduced under paragraph (2.01)(a) in respect of the exempt dividends referred to in the description of B, (ii) the total of all amounts each of which is twice the amount by which an allowable capital loss (determined without reference to this section), of a corporation or a foreign affiliate described in the description of B, from a previous disposition by a partnership of the affiliate shares or shares for which the affiliate shares were substituted, was reduced under paragraph (2.11)(a) in respect of the exempt dividends referred to in the description of B, (iii) the total of all amounts each of which is the amount by which a loss (determined without reference to this section), from a previous disposition by a corporation, or a foreign affiliate described in the description of B, of the affiliate shares or shares for which the affiliate shares were substituted, was reduced under paragraph (2.01)(a) in respect of the exempt dividends referred to in the description of B. affiliate described in the description of B, of an interest in a partnership, was reduced under this paragraph in respect of the exempt dividends referred to in the description of B, and (iv) the total of all amounts each of which is twice the amount by which an allowable capital loss (determined without reference to this section), of a corporation, or a foreign affiliate described in the description of B, from a previous disposition by a partnership of an interest in another partnership, was reduced under paragraph (2.31)(a) in respect of the exempt dividends referred to in the description of B, and (i) the portion of the particular loss, determined without reference to this section, that can reasonably be considered to be attributable to a fluctuation in the value of a currency other than Canadian currency relative to Canadian currency, and (ii) the amount determined in respect of the vendor that is (I) was made within 30 days before or after the disposition time by the vendor and that
Sous réserve du paragraphe (5), une société, à l’exception d’une société professionnelle, qui, d’une part, vient l’associé d’une société de personnes au cours d’un exercice de celle-ci (appelé « exercice donné » au présent paragraphe) commençant dans l’année d’imposition de la société et se terminant après cette année mais au plus tard à la date d’échéance de production qui lui est applicable pour l’année et, d’autre part, a une participation importante dans la société de personnes à la fin de l’exercice donné peut inclure dans le calcul de son revenu pour l’année la moins élevée des sommes suivantes : a) la somme que la société a désignée, le cas échéant, dans sa déclaration de revenu pour l’année; b) la somme obtenue par la formule suivante : A × B/C où : A représente le revenu de la société provenant de la société de personnes pour l’exercice donné, à l’exclusion d’une somme au titre de laquelle une déduction peut être demandée en application des articles 112 ou 113, B le nombre de jours qui font partie à la fois de l’année et de l’exercice donné, C le nombre de jours de l’exercice donné. Traitement — année subséquente
Dans le cas où une somme a été incluse, en application des paragraphes (2) ou (3), dans le calcul du revenu d’une société relativement à une société de personnes pour l’année d’imposition immédiatement précédente, les règles suivantes s’appliquent : a) la partie de la somme qui, par l’effet des sous-alinéas (5)a)(i) ou (ii), est un revenu pour l’année précédente est déductible dans le calcul du revenu de la société pour l’année d’imposition en cours; b) la partie de la somme qui, par l’effet de l’un ou l’autre de ces sous-alinéas, représente des gains en capital imposables pour l’année précédente est réputée être une perte en capital déductible de la société pour l’année d’imposition en cours résultant de la disposition d’un bien. Nature des sommes
(II) is a capital gain realized within 30 days before or after the disposition time by the vendor under an agreement that
Les règles ci-après s’appliquent à la présente loi : a) pour le calcul du revenu d’une société pour une année d’imposition : (i) tout montant comptabilisé ajusté pour la période tampon inclus en application du paragraphe (2) relativement à une société de personnes pour l’année est réputé être un revenu, et des gains en capital imposables provenant de la disposition de biens, de même nature et proportion que les revenus et les gains en capital imposables qui ont été inclus en application des paragraphes (2) ou (3) dans le revenu de la société pour l’année d’imposition précédente relativement à la société de personnes, (ii) toute somme incluse en application du paragraphe (3) relativement à une société de personnes pour l’année est réputée être un revenu, et des gains en capital imposables provenant de la disposition de biens, de même nature et proportion que les revenus et les gains en capital imposables qui ont été alloués à la société pour l’exercice visé à ce paragraphe, (iii) toute somme dont une partie est déductible ou représente une perte en capital déductible en application du paragraphe (4) relativement à une société de personnes pour l’année est réputée être de même nature et proportion que les revenus et les gains en capital imposables qui ont été inclus en application des paragraphes (2) ou (3) dans le revenu de la société pour l’année d’imposition précédente relativement à la société de personnes, (iv) toute somme demandée à titre de provision en application du paragraphe (11) relativement à une société de personnes pour l’année est réputée être de même nature et proportion que le revenu admissible à l’allègement transitoire relativement à la société de personnes pour l’année, (v) toute somme dont une partie est incluse dans le revenu en application de l’alinéa (12)a) ou est réputée être un gain en capital imposable selon l’alinéa (12)b) relativement à une société de personnes pour l’année est réputée être de même nature et proportion que la somme demandée à titre de provision en application du paragraphe (11) relativement à la société de personnes pour l’année d’imposition précédente; b) le compte de dividendes en capital, au sens du paragraphe 89(1), d’une société est déterminé compte non tenu du présent article; c) la mention, au sous-alinéa 53(2)c)(i.4), d’une somme déduite en application du paragraphe (11) par un contribuable vaut également mention d’une somme Désignation — dépense admissible relative à des ressources
Une société peut désigner une somme pour une année d’imposition au titre d’une dépense admissible relative à des ressources pour l’application de la définition de montant comptabilisable ajusté pour la période tampon au paragraphe (1). Toutefois : a) la société ne peut désigner une somme pour l’année au titre d’une dépense admissible relative à des ressources relativement à une société de personnes que dans la mesure où elle obtient de celle-ci par écrit, avant la date d’échéance de production de la déclaration de la société pour l’année, des renseignements identifiant les dépenses admissibles relatives à des ressources de la société visées : (i) à l’alinéa h) de la définition de frais d’exploration au Canada au paragraphe 66.1(6), déterminées comme si ces dépenses avaient été engagées par la société de personnes au cours de son dernier exercice ayant pris fin dans l’année, (ii) à l’alinéa f) de la définition de frais d’aménagement au Canada au paragraphe 66.2(5), déterminées comme si ces dépenses avaient été engagées par la société de personnes au cours de son dernier exercice ayant pris fin dans l’année, (iii) à l’alinéa e) de la définition de frais relatifs à des ressources à l’étranger au paragraphe 66.21(1), déterminées comme si ces dépenses avaient été engagées par la société de personnes au cours de son dernier exercice ayant pris fin dans l’année, (iv) à l’alinéa b) de la définition de frais à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe 66.4(5), déterminées comme si ces dépenses avaient été engagées par la société de personnes au cours de son dernier exercice ayant pris fin dans l’année; b) la somme désignée par la société pour l’année ne peut excéder la somme maximale qui pourrait être déduire en application des articles 66.1, 66.2, 66.21 ou 66.4 dans le calcul de son revenu pour l’année si, à la fois : (i) les sommes visées à l’alinéa a) relativement à la société de personnes étaient les seules sommes entrant dans le calcul de la somme maximale, Income Tax PART I Income Tax DIVISION B Computation of Income
No additional income — bankrupt Special case — multi-tier alignment (ii) l’exercice de la société de personnes commençant dans l’année et se terminant après la fin de l’année avait pris fin à la fin de l’année et chaque dépense admissible relative à des ressources était réputée, en vertu du paragraphe 66(18), être engagée par la société à la fin de l’année. Aucun revenu additionnel — failli
(B) in any other case, the amount of a gain (other than a specified gain or a capital gain) that was realized within 30 days before or after the disposition time by the vendor that is included in computing the income of the vendor for the taxation year that includes the time the gain was realized and (I) that is in respect of the settlement or extinguishment of a foreign currency debt that
Les paragraphes (2) et (3) ne s’appliquent pas au calcul du revenu d’une société pour une année d’imposition relativement à une société de personnes si la société fait faillite au cours de l’année. Société étrangère affiliée
Le présent article ne s’applique pas au calcul des sommes ci-après pour une année d’imposition d’une société étrangère affiliée d’une société résidant au Canada : a) le revenu étranger accumulé, tiré de biens de la société affiliée relativement à la société; b) sauf indication contraire du contexte, le surplus exonéré ou le déficit exonéré, le surplus hybride ou le déficit hybride et le surplus imposable ou le déficit imposable, au sens du paragraphe 5907(1) du Règlement de l’impôt sur le revenu, de la société affiliée relativement à la société. Cas spécial — alignement pour paliers multiples
Si une société est un associé d’une société de personnes faisant l’objet d’un alignement pour paliers multiples, le paragraphe (2) ne s’applique pas à la société relativement à la société de personnes pour les années d’imposition précédant celle qui comprend la fin du premier exercice aligné de la société de personnes dans le cadre de l’alignement. Désignations
(II) under an agreement that
La désignation que fait une société, dans le calcul de son montant comptabilisé ajusté pour la période tampon relativement à une société de personnes pour une année d’imposition, selon les éléments E ou F de la formule figurant à l’alinéa a) de la définition de montant comptabilisé ajusté pour la période tampon au paragraphe (1), les éléments E ou F de la formule figurant au sous-alinéa b)(i) et les éléments F ou G de la formule figurant au sous-alinéa b)(ii) de cette même définition n’est ni modifiable ni révocable. Provision transitoire
Dans le cas où une société a un revenu admissible à l’allègement relativement à une société de personnes pour une année d’imposition donnée, les règles ci-après s’appliquent : A - B where a) elle peut demander à titre de provision, dans le calcul de son revenu pour l’année donnée, une somme n’excédant pas la moins élevée des sommes suivantes : (i) la somme correspondant au pourcentage déterminé pour l’année donnée de son revenu admissible à l’allègement relativement à la société de personnes, (ii) si une somme a été demandée en application du présent paragraphe pour l’année d’imposition précédente dans le calcul de son revenu relativement à la société de personnes, le total des sommes suivantes : (A) la somme incluse en application du paragraphe (12) dans le calcul du revenu de la société pour l’année donnée relativement à la société de personnes, (B) la somme qui s’est ajoutée au cours de l’année donnée au revenu admissible à l’allègement de la société relativement à la société de personnes par l’effet des paragraphes (16) et (17), (iii) la somme obtenue par la formule suivante : A - B où : A représente le revenu de la société pour l’année donnée, calculé avant qu’une somme soit déduite ou demandée en application soit du présent paragraphe relativement à la société de personnes, soit des articles 61.3 et 61.4, B le total des sommes représentant chacune une somme déductible par la société pour l’année en application des articles 112 ou 113 au titre d’un dividende qu’elle a reçu après le 20 décembre 2012; b) la partie de la somme demandée en application de l’alinéa a) pour l’année donnée qui, par l’effet du sous-alinéa (5)a)(iv) : (i) est de nature autre que du capital est déductible dans le calcul du revenu de la société pour l’année donnée, (ii) est de la nature du capital est réputée être une perte en capital déductible de la société pour l’année donnée résultant de la disposition d’un bien. Income Tax PART I Income Tax DIVISION B Computation of Income
Inclusion of prior year reserve No reserve (a) unless, (i) le revenu de la société est exonéré de l’impôt prévu à la présente partie, (ii) la société ne réside pas au Canada et la société de personnes n’exploite pas d’entreprise par l’intermédiaire d’un établissement stable, au sens du paragraphe 16.1(1), au Canada; c) si l’année prend fin immédiatement avant une autre année d’imposition : (i) au début de laquelle la société de personnes n’exerce plus principalement des activités auxquelles la provision se rapporte, (ii) au cours de laquelle la société fait faillite, (iii) au cours de laquelle la société fait l’objet d’une dissolution ou d’une liquidation autre que dans les circonstances visées au paragraphe 88(1). Associé réputé
La société qui ne peut demander de somme en application du paragraphe (11) pour une année d’imposition relativement à une société de personnes du seul fait qu’elle a disposé de sa participation dans la société de personnes est réputée, pour l’application de l’alinéa (13)a), être un associé de la société de personnes de façon continue jusqu’à la fin de cette année si, à la fois : a) elle a disposé de sa participation en faveur d’une autre société qui lui est liée ou affiliée au moment de la disposition; b) à la fin de l’année en cause, une société liée ou affiliée à la société détient la participation visée à l’alinéa a). Calcul du revenu admissible à l’allègement — règles spéciales
(2.22) For the purposes of clauses (2.21)(b)(ii)(A) and (B), a specified gain means a gain in respect of the settlement or extinguishment of a foreign currency debt referred to in sub-subclause (2.21)(b)(ii)(A)(I) or subclause (2.21)(b)(ii)(B)(I), as the case may be, or that arises under a particular agreement referred to in subclause (2.21)(b)(ii)(A)(II) or (B)(II), if the particular corporation, or any person or partnership with which the particular corporation was not — at any time during which the foreign currency debt was outstanding or the particular agreement was in force, as the case may be — dealing at arm’s length, entered into an agreement that may reasonably be considered to have been entered into for the principal purpose of hedging any foreign exchange exposure arising in connection with the foreign currency debt or the particular agreement. (a) a particular corporation resident in Canada has a particular allowable capital loss, determined without reference to this section, from the disposition at any time (referred to in subsection (2.31) as the “disposition time”) by a particular partnership of an interest (referred to in subsection (2.31) as the “partnership interest”) in another partnership that has a direct or indirect interest, or, for civil law, a direct or indirect right, in shares (referred to in subsection (2.31) as the “affiliate shares”) of the capital stock of a foreign affiliate of the particular corporation; or (b) a foreign affiliate of a particular corporation resident in Canada has a particular allowable capital loss, determined without reference to this section, from the disposition at any time (referred to in subsection (2.31) as the “disposition time”) by a particular partnership of an interest (referred to in subsection (2.31) as the “partnership interest”) in another partnership that has a direct or indirect interest, or, for civil law, a direct or indirect right, in shares (referred to in subsection (2.31) as the “affiliate shares”) of the capital stock of a foreign affiliate of the particular corporation that would not be excluded property of the affiliate if the affiliate had owned the shares immediately before the disposition time. Loss limitation on disposition by a partnership of an indirect interest in foreign affiliate shares (2.31) If this subsection applies, the amount of the particular allowable capital loss referred to in paragraph (2.3)(a) or (b) is deemed to be the greater of (a) the amount determined by the formula A is the amount of the particular allowable capital loss determined without reference to this section, B is ½ of the total of all amounts each of which is an amount received before the disposition time, in respect of an exempt dividend on the affiliate shares or on shares for which the affiliate shares were substituted, by (i) the particular corporation referred to in subsection (2.3), (ii) another corporation that is related to the particular corporation, (iii) a foreign affiliate of the particular corporation, or (iv) a foreign affiliate of another corporation that is related to the particular corporation, and C is the total of (i) the total of all amounts each of which is ½ of the amount by which a loss (determined without reference to this section), from a previous disposition by a corporation, or a foreign affiliate described in the description of B, of the affiliate shares or shares for which the affiliate shares were substituted, was reduced under paragraph (2.01)(a) in respect of the exempt dividends referred to in the description of B, (ii) the total of all amounts each of which is the amount by which an allowable capital loss (determined without reference to this section), of a corporation or a foreign affiliate described in the description of B, from a previous disposition by a partnership of the affiliate shares or shares for which the affiliate shares were substituted, was reduced under paragraph (2.11)(a) in respect of the exempt dividends referred to in the description of B, (iii) the total of all amounts each of which is ½ of the amount by which a loss (determined without reference to this section), from a previous disposition by a corporation, or a foreign affiliate described in the description of B, of an interest in a partnership, was reduced under paragraph (2.21)(a) in respect of the exempt dividends referred to in the description of B, and (iv) the total of all amounts each of which is the amount by which an allowable capital loss (determined without reference to this section), of a corporation, or a foreign affiliate described in the description of B, from a previous disposition by a partnership of an interest in another partnership, was reduced under this paragraph in respect of the exempt dividends referred to in the description of B, (i) the portion of the particular allowable capital loss, determined without reference to this section, that can reasonably be considered to be attributable to a fluctuation in the value of a currency other than Canadian currency relative to Canadian currency, and (ii) ½ of the amount determined in respect of the particular corporation, or the foreign affiliate (that is referred to in paragraph (2.3)(b)), of the particular corporation, that is the amount of a gain (other than a specified gain) that (A) was made within 30 days before or after the disposition time by the particular partnership to the extent that the gain is reasonably attributable to the particular corporation or the foreign affiliate, as the case may be, and that SUBDIVISION I Shareholders of Corporations Not Resident in Canada (II) is deemed under subsection 39(2) to be a capital gain of the particular partnership for the taxation year that includes the time the gain was made from the disposition of currency other than Canadian currency, and (III) is in respect of the settlement or extinguishment of a foreign currency debt that
Pour le calcul du revenu admissible à l’allègement d’une société, le revenu ou la perte d’une société de personnes pour un exercice est calculé comme si, à la fois : a) la société de personnes avait déduit pour l’exercice la somme maximale admissible au titre d’une dépense, d’une provision ou d’un autre somme; b) la présente loi s’appliquait compte non tenu de l’alinéa 28(1)b); c) la société de personnes avait fait le choix prévu à l’alinéa 34a). Rajustement du montant admissible à l’allègement — conditions d’application
Le paragraphe (17) s’applique pour une année d’imposition donnée d’une société ainsi que pour chaque année d’imposition subséquente pour laquelle la société peut demander une somme en application du paragraphe (11) relativement à une société de personnes si l’année donnée est la première année d’imposition, à la fois : a) qui est postérieure à l’année d’imposition au cours de laquelle un montant comptabilisable ajusté pour la période tampon de la société est inclus dans son revenu admissible à l’allègement relativement à la société de personnes par l’effet de l’alinéa b) de la définition de revenu admissible à l’allègement au paragraphe (1), ou serait ainsi inclus si la société de personnes avait un revenu; b) dans laquelle prend fin l’exercice de la société de personnes qui a commencé dans l’année d’imposition mentionnée à l’alinéa a). Rajustement du revenu admissible à l’allègement
En cas d’application du présent paragraphe relativement à une société de personnes pour une année d’imposition d’une société, le montant comptabilisable ajusté pour la période tampon inclus dans le revenu admissible à l’allègement de la société relativement à la société de personnes pour l’année est calculé comme suit : a) les éléments des formules figurant à l’alinéa a) et au sous-alinéa b)(i) de la définition de montant comptabilisable ajusté pour la période tampon au paragraphe (1) avaient libellé comme suit : A représente le total des sommes dont chacune représente la part, revenant à la société, d’un revenu ou d’un gain en capital imposable de la société de personnes pour l’exercice donné, à l’exclusion d’une somme au titre de laquelle une déduction peut être demandée en application des articles 112 ou 113, B le total des sommes dont chacune représente la part, revenant à la société, d’une perte ou d’une perte en capital déductible — dans la mesure où le total des pertes en capital déductibles n’excède pas le total des gains en capital imposables compris dans la valeur de l’élément A — de la société de personnes pour l’exercice donné, C le nombre de jours qui font partie à la fois de l’année et de l’exercice donné, D le nombre de jours de l’exercice donné, E le montant des dépenses admissibles relatives à des ressources pour l’exercice donné de la société de personnes que la société désigne pour l’année en vertu [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1996, c. 21, s. 8; 1998, c. 19, s. 85; 2011, c. 24, s. 3; 2013, c. 34, s. 58, c. 40, s. 16. Definitions F zéro; b) les éléments de la formule figurant au sous-alinéa b)(ii) de la définition de **montant comptabilisé ajusté pour la période tampon** au paragraphe (1) avaient le libellé suivant : A représente le total des sommes dont chacune représente la part, revenant à la société, d’un revenu ou d’un gain en capital imposable de la société de personnes pour l’exercice donné, à l’exclusion de toute somme au titre de laquelle une déduction peut être demandée en application des articles 112 ou 113, B le total des sommes dont chacune représente la part, revenant à la société, d’une perte ou d’une perte en capital déductible — dans la mesure où le total des pertes en capital déductibles ne dépasse pas le total des gains en capital imposables compris dans la valeur de l’élément A — de la société de personnes pour l’exercice donné, C zéro, D le nombre de jours qui font partie à la fois de l’année et de l’exercice donné, E le nombre de jours de l’exercice donné, F le montant des dépenses admissibles relatives à des ressources pour l’exercice donné de la société de personnes que la société désigne pour l’année en vertu du paragraphe (6) dans la déclaration de revenu pour l’année qu’elle présente au ministre au plus tard à la date d’échéance de production qui lui est applicable pour l’année, G zéro. Anti-évitement
(B) is a capital gain (to the extent that the capital gain is reasonably attributable to the particular corporation or the foreign affiliate, as the case may be) realized within 30 days before or after the disposition time by the particular partnership under an agreement that (I) was entered into by the particular partnership, within 30 days before or after the acquisition of the partnership interest by the particular partnership, with a person or partnership that dealt, at all times during which the agreement was in force, at arm’s length with the particular corporation, (II) provides for the purchase, sale or exchange of currency, and (III) can reasonably be considered to have been entered into by the particular partnership for the principal purpose of hedging the foreign exchange exposure arising in connection with the acquisition of the partnership interest. (2.32) For the purposes of subparagraph (2.31)(b)(ii), a specified gain means a gain in respect of the settlement or extinguishment of a foreign currency debt referred to in subclause (2.31)(b)(ii)(A)(II), or that arises under a particular agreement referred to in clause (2.31)(b)(ii)(B), if the particular partnership, or any person or partnership with which the particular corporation was not — at any time during which the foreign currency debt was outstanding or the particular agreement was in force, as the case may be — dealing at arm’s length, entered into an agreement that may reasonably be considered to have been entered into for the principal purpose of hedging any foreign exchange exposure arising in connection with the foreign currency debt or the particular agreement. (a) a dividend received by a corporation resident in Canada is an exempt dividend to the extent of the amount in respect of the dividend that is deductible from the income of the corporation for the purpose of computing the taxable income of the corporation because of any of paragraphs 113(1)(a) to (e); and (b) a dividend received by a particular foreign affiliate of a corporation resident in Canada from another foreign affiliate of the corporation is an exempt dividend to the extent of the amount, if any, by which the portion of the dividend that was not prescribed to have been paid out of the pre-acquisition surplus of the other affiliate exceeds the total of such portion of the income or profits tax that can reasonably be considered to have been paid in respect of that portion of the dividend by the particular affiliate or by a partnership in which the particular affiliate had, at the time of the payment of the income or profits tax, a partnership interest, either directly or indirectly; and (c) the prescribed amount is deemed to be an amount that is received, at the adjustment time referred to in subsection 5905(7.7) of the Income Tax Regulations, by a particular foreign affiliate of a corporation resident in Canada from another foreign affiliate of the corporation and that is in respect of an exempt dividend on a share of the capital stock of the other affiliate.
S’il est raisonnable de conclure que l’une des principales raisons pour lesquelles une société est l’associé d’une société de personnes au cours d’une année d’imposition est de se soustraire à l’application du paragraphe (13), la société est réputée ne pas être un associé de la société de personnes pour l’application de ce paragraphe. [NOTE : Les dispositions d’application ne sont pas incluses dans le texte consolidé; voir les lois et règlements modificatifs pertinents.] 1996, ch. 21, art. 8; 1998, ch. 19, art. 85; 2011, ch. 24, art. 3; 2013, ch. 34, art. 58, ch. 40, art. 16. Définitions
If a taxpayer resident in Canada or a foreign affiliate (which taxpayer or foreign affiliate is referred to in this subsection as the “transferee”) of the taxpayer has acquired shares of the capital stock of one or more foreign affiliates (each referred to in this subsection as an “acquired affiliate”) of the taxpayer on a disposition of shares (such shares disposed of being referred to in this subsection as the “disposed shares”) of the capital stock of any other foreign affiliate of the taxpayer (other than, where the transferee is a foreign affiliate of the taxpayer, a disposition of shares that are, immediately before the acquisition, excluded property of the transferee or a disposition to which subsection 40(3.4) applies), the following rules apply: (a) the capital loss, if any, of the transferee from the disposition, is deemed to be nil; and (b) in computing the adjusted cost base to the transferee of a share of a particular class of the capital stock of an acquired affiliate that is owned by the transferee immediately after the disposition, there is to be added the amount determined by the formula A is the total of all amounts each of which is the cost amount to the transferee, immediately before the disposition, of a disposed share, B is the total of (i) the total of all amounts each of which is the proceeds of disposition of a disposed share, and (ii) the total of all amounts in respect of the computation of losses of the transferee from the dispositions of the disposed shares, each of which is, in respect of the disposition of a disposed share, the amount by which the amount for A in the formula in paragraph (2.01)(a) exceeds the amount determined by that formula, C is the fair market value, immediately after the disposition, of all shares of the particular class owned, immediately after the disposition, by the transferee, D is the fair market value, immediately after the disposition, of all shares owned, immediately after the disposition, by the transferee of the capital stock of all acquired affiliates, and E is the number of shares of the particular class that are owned by the transferee immediately after the disposition. SUBDIVISION I Shareholders of Corporations Not Resident in Canada Late filed elections
(A - B) x C/D - E where (A - B) x C x D where année de base L’année de base d’une société relativement à une société de personnes admissible pour une année d’imposition s’entend de son année d’imposition précédente dans laquelle a commencé un exercice de la société de personnes qui se termine dans l’année d’imposition de la société. montant comptabilisable réel pour la période tampon Le montant comptabilisable réel pour la période tampon d’une société relativement à une société de personnes admissible pour une année d’imposition correspond au montant positif ou négatif obtenu par la formule suivante : (A - B) x C/D - E où : A représente le total des sommes dont chacune représente la part, revenant à la société, d’un revenu ou d’un gain en capital imposable de la société de personnes admissible pour le dernier exercice de celle-ci ayant commencé dans l’année de base, à l’exclusion de tout autre somme au titre de laquelle une déduction pouvait être demandée en vertu des articles 112 ou 113; B le total des sommes dont chacune représente la part, revenant à la société, d’une perte ou d’une perte en capital déductible de la société de personnes admissible pour le dernier exercice de celle-ci ayant commencé dans l’année de base dans la mesure où le total des pertes en capital déductibles comprises dans la valeur du présent élément relativement à l’ensemble des sociétés de personnes admissibles pour l’année d’imposition n’excède pas la part, revenant à la société, des gains en capital imposables de l’ensemble des sociétés de personnes admissibles pour l’année d’imposition; C le nombre de jours qui font partie à la fois de l’année de base et de l’exercice; D le nombre de jours de l’exercice; E le montant des dépenses admissibles relatives à des ressources relativement à la société de personnes admissible que la société a désigné pour l’année de base en vertu du paragraphe 34.2(6) dans la déclaration de revenu pour cette année qu’elle présente au ministre au plus tard à la date d’échéance de production qui lui est applicable pour cette année. ajustement pour revenu insuffisant Le rajustement pour revenu insuffisant d’une société relativement à une Application of subsection (3) société de personnes admissible pour une année d’imposition correspond au montant positif ou négatif obtenu par la formule suivante : (A – B) × C × D où : A représente la moins élevée des sommes suivantes : a) le montant comptabilisable réel pour la période tampon relativement à la société de personnes admissible, b) la somme qui correspondrait au montant comptabilisable ajusté pour la période tampon de la société pour l’année de base relativement à la société de personnes admissible si le montant de l’élément F de la formule figurant à l’alinéa a) de la définition de montant comptabilisable ajusté pour la période tampon au paragraphe 34.2(1) était nul; B la somme incluse en application du paragraphe 34.2(2) dans le calcul du revenu de la société pour l’année de base relativement à la société de personnes admissible; C le nombre de jours compris dans la période qui : a) commence le lendemain du jour où l’année de base prend fin, b) se termine le jour où l’année d’imposition prend fin; D le taux d’intérêt quotidien moyen déterminé par rapport au taux d’intérêt prescrit selon l’alinéa 4301a) du Règlement de l’impôt sur le revenu pour la période visée à l’élément C. (income shortfall adjustment) société de personnes admissible Est une société de personnes admissible relativement à une société pour une année d’imposition donnée la société de personnes : a) dont l’un des exercices a commencé dans une année d’imposition précédente et prend fin dans l’année d’imposition donnée; b) relativement à laquelle la société était tenue de calculer un montant comptabilisable ajusté pour la période tampon pour l’année d’imposition antérieure. (qualifying partnership) Application du paragraphe (3)
Where the election referred to in subsection 93(1) was not made on or before the day on or before which the election was required by that subsection to be made, the election shall be deemed to have been made on that day if, on or before that day is 3 years after that day, (a) the election is made in prescribed manner; and (b) an estimate of the penalty in respect of that election is paid by the corporation when that election is made. (5.1) Where, in the opinion of the Minister, the circumstances of a case are such that it would be just and equitable (a) to permit an election under subsection 93(1) to be made after the day that is 3 years after the day on or before which the election was required by that subsection to be made, or (b) to permit an election made under subsection 93(1) to be amended, the election or amended election shall be deemed to have been made on the day on or before which the election was so required to be made if (c) the election or amended election is made in prescribed form, and (d) an estimate of the penalty in respect of the election or amended election is paid by the corporation when the election or amended election is made, and where this subsection applies to the amendment of an election, that election shall be deemed not to have been effective. Amended election (5.2) An election (referred to in this subsection as the “amended election”) by a taxpayer under subsection (1) in respect of a disposition of shares of the capital stock of a foreign affiliate of the taxpayer is deemed to have been made on the day on or before which the election was required to be made and any previous election (referred to in this subsection as the “old election”) under subsection (1) in respect of that disposition is deemed not to have been made if SUBDIVISION I Shareholders of Corporations Not Resident in Canada (a) the taxpayer has not elected under section 51 of the Technical Tax Amendments Act, 2012; (b) the taxpayer made the old election on or before December 18, 2009; (c) in the opinion of the Minister, the circumstances are such that it would be just and equitable to permit the old election to be amended; and (d) the amended election is made in prescribed form on or before December 31, 2013. Penalty for late filed election
Le paragraphe (3) s’applique à une société pour une année d’imposition si, à la fois : a) la société a désigné un montant pour l’application de l’élément F de la formule figurant à l’alinéa a) de la définition de montant comptabilisable ajusté pour la Income shortfall adjustment — inclusion A + 0.50 × (A – B) where 35 (1) Where a share of the capital stock of a corporation période tampon au paragraphe 34.2(1) dans le calcul de son montant comptabilisé ajusté pour la période tampon pour l’année de base relativement à une société de personnes admissible pour l’année d’imposition; b) lorsque la société a un revenu admissible à l’allègement, l’année d’imposition est postérieure à sa première année d’imposition à laquelle le paragraphe 34.2(17) s’applique. Rajustement pour revenu insuffisant — inclusion
For the purposes of this section, the penalty in respect of an election or amended election referred to in paragraph 93(5)(a) or 93(5.1)(c) is an amount equal to the lesser of (a) 1/4 of 1% of the amount designated in the election or amended election for each month or part of a month during the period commencing with the day on or before which the election is required by subsection 93(1) to be made and ending on the day the election is made, and (b) an amount, not exceeding $8,000, equal to the product obtained by multiplying $100 by the number of months each of which is a month all or part of which is during the period referred to in paragraph 93(6)(a).
La société à laquelle le présent paragraphe s’applique pour une année d’imposition est tenue d’inclure dans le calcul de son revenu pour l’année la somme obtenue par la formule suivante : A + 0,50 × (A – B) où : A représente le total des sommes dont chacune représente son rajustement pour revenu insuffisant relativement à une société de personnes admissible pour l’année; B la valeur de l’élément A ou, s’il est moins élevé, le total des sommes dont chacune représente 25 % du montant positif, le cas échéant, qui constituerait son rajustement pour revenu insuffisant relativement à une société de personnes admissible pour l’année si la valeur de l’élément B de la formule figurant à la définition de rajustement pour revenu insuffisant au paragraphe (1) était nulle. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et les règlements modificatifs appropriés.] 2011, ch. 24, art. 3. Prospecteurs et commanditaires en prospection 35 (1) Si une action du capital-actions d’une société est : a) soit reçue par un particulier, au cours d’une année d’imposition, en contrepartie d’un bien minier dont il a disposé en faveur de cette société ou d’un intérêt ou, pour l’application du droit civil, d’un droit sur ce bien minier, acquis par lui grâce à son activité de prospecteur, qu’il a exercée seul ou avec d’autres; b) soit reçue, au cours d’une année d’imposition : (i) d’une part, par une personne qui a, soit en vertu d’une entente intervenue entre elle et un prospecteur avant les travaux de prospection, d’exploration ou d’aménagement, soit à titre d’employeur d’un prospecteur, avancé de l’argent pour subvenir aux frais de prospection ou d’exploration en vue de la découverte de minéraux ou de l’aménagement d’une propriété où se trouvent des minéraux ou a payé ces frais en totalité ou en partie, (ii) d’autre part, en contrepartie de la disposition en faveur de la société, par la personne mentionnée au sous-alinéa (i), d’un bien minier ou d’un intérêt ou, pour l’application du droit civil, d’un droit sur ce bien, acquis conformément à l’entente en vertu de laquelle cette personne a effectué l’avance ou payé les frais ou, si le prospecteur était son employé, acquis par elle grâce au travail de l’employé, les règles suivantes s’appliquent : c) malgré les autres dispositions de la présente loi, aucune somme relative à la réception de l’action n’est incluse : (i) dans le calcul du revenu pour l’année de ce particulier ou de cette personne, selon le cas, sous réserve de l’alinéa d), (ii) dans le calcul, à un moment donné, relativement à ce particulier ou à cette personne, selon le cas, du montant représenté par l’élément F de la formule figurant à la définition de frais cumulatifs d’aménagement au Canada au paragraphe 66.2(5); d) dans le cas d’un particulier ou d’une société de personnes (à l’exclusion d’une société de personnes dont chaque associé est une société canadienne imposable), une somme relative à la réception de l’action et correspondant au moindre de la juste valeur marchande de l’action au moment de son acquisition et de sa juste valeur marchande de l’action au moment de sa disposition ou de son échange doit être incluse dans le calcul du revenu du particulier ou de la société de personnes, selon le cas, pour l’année où soit il est disposé de l’action, soit celle-ci est échangée; e) malgré la sous-section C, aucune somme relative à la disposition du bien minier ou, de l’intérêt ou, pour l’application du droit civil, du droit sur celui-ci, n’est incluse dans le calcul du coût de l’action pour le particulier, la personne ou la société de personnes, selon le cas; f) malgré les articles 66 et 66.2, aucune somme relative à l’action n’est incluse dans le calcul du coût, pour la société, du bien minier ou de l’intérêt ou, pour l’application du droit civil, du droit sur celui-ci; g) pour l’application de l’alinéa d), un particulier ou une société de personnes est réputé disposer d’actions qui sont des biens identiques ou échanger de telles actions dans l’ordre où elles ont été acquises. Definitions [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 35; 2001, c. 17, s. 20; 2013, c. 34, ss. 99, 100. 36 [Repealed, 2013, c. 40, s. 17] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 36; 2013, c. 40, s. 17. (D) [Repealed, 1996, c. 21, s. 9(4)] (b) [Repealed, 2012, c. 31, s. 9] entreprise du contribuable, mais seulement dans le cas où le contribuable est en droit d’exploiter les résultats de ces activités, (ii) soit sous forme de paiement — devant servir à des activités de recherche scientifique et de développement expérimental exercées au Canada en rapport avec une entreprise du contribuable, mais seulement dans les cas où le contribuable est en droit d’exploiter les résultats de ces activités — à l’une des entités suivantes : (A) une association agréée qui exerce des activités de recherche scientifique et de développement expérimental, (B) une université, un collège, un institut de recherches ou un autre établissement semblable agréés, (C) une société résidant au Canada exonérée, par application de l’alinéa 149(1)j), de l’impôt prévu à la présente partie, (D) [Abrogé, 1996, ch. 21, art. 9(4)] (E) un organisme agréé qui verse des fonds à une association, un établissement ou une société visés aux divisions (A) à (C), (iii) soit, si le contribuable est une société, sous forme de paiements à une société résidant au Canada et exonérée d’impôt en application de l’alinéa 149(1)j), devant servir à des activités de recherche scientifique et de développement expérimental — recherche fondamentale ou appliquée — exercées au Canada : (A) d’une part, dont l’objet principal consiste à permettre au contribuable d’en exploiter les résultats conjointement avec d’autres activités de recherche scientifique et de développement expérimental exercées ou à exercer par lui ou pour son compte et liées à son entreprise, (B) d’autre part, qui, du point de vue technologique, sont susceptibles d’être appliquées à des entreprises d’un type non lié à celle exploitée par le contribuable, b) [Abrogé, 2012, ch. 31, art. 9] c) le total des montants dont chacun représente une dépense que le contribuable a faite au cours de l’année ou d’une année d’imposition antérieure se terminant après 1973 sous forme de remboursement de montants visés à l’alinéa d); (i) a prescribed proxy amount for a preceding taxation year,
The Minister shall, with all due dispatch, examine each election and amended election referred to in paragraph 93(5)(a) or 93(5.1)(c), assess the penalty payable and send a notice of assessment to the corporation, and the corporation shall pay forthwith to the Receiver General the amount, if any, by which the penalty so assessed exceeds the total of all amounts previously paid on account of that penalty. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] Shares held by partnership
c.1) les sommes incluses en vertu de l’alinéa 12(1)v) dans le calcul du revenu d’un contribuable pour une année d’imposition antérieure,
own at that time the number of those shares that is equal to the proportion of all those shares that (a) the fair market value of the member’s interest in the partnership at that time is of (b) the fair market value of all members’ interests in the partnership at that time. (b) section 95 to the extent that section is applied for the purposes of the provisions referred to in paragraph (a); (c) any regulations made for the purposes of the provisions referred to in paragraph (a); and Where dividends received by a partnership
c.2) les montants ajoutés, par l’effet des paragraphes 127(27), (29) ou (34) à l’impôt payable par ailleurs par le contribuable en vertu de la présente partie pour une année d’imposition antérieure,
Where, based on the assumptions contained in paragraph 96(1)(c), at any time shares of a class of the capital stock of a foreign affiliate of a corporation resident in Canada (in this subsection referred to as “affiliate shares”) are owned by a partnership and at that time the affiliate pays a dividend on affiliate shares to the partnership (in this subsection referred to as the “partnership dividend”), (a) for the purposes of sections 93 and 113 and any regulations made for the purposes of those sections, each member of the partnership (other than another partnership) is deemed to have received the proportion of the partnership dividend that (i) the fair market value of the member’s interest held, directly or indirectly through one or more other partnerships, in the partnership at that time is of (ii) the fair market value of all the interests in the partnership held directly by members of the partnership at that time; (b) for the purposes of sections 93 and 113 and any regulations made for the purposes of those sections, the proportion of the partnership dividend deemed by paragraph (a) to have been received by a member of the partnership at that time is deemed to have been received by the member in equal proportions on each affiliate share that is property of the partnership at that time; (c) for the purpose of applying section 113, in respect of the dividend referred to in paragraph (a), each affiliate share referred to in paragraph (b) is deemed to be owned by each member of the partnership; and (i) where the corporation resident in Canada is a member of the partnership, the amount deductible by it under section 113 in respect of the dividend referred to in paragraph (a) shall not exceed the portion of the amount of the dividend included in its income pursuant to subsection 96(1), and (ii) where another foreign affiliate of the corporation resident in Canada is a member of the partnership, the amount included in that other affiliate’s income in respect of the dividend referred to in paragraph (a) shall not exceed the amount that would be included in its income pursuant to subsection 96(1) in respect of the partnership dividend received by the partnership if the value for H in the definition foreign accrual property income in subsection 95(1) were null and this Act were read without reference to this subsection.
c.3) dans le cas d’une société de personnes, le total des montants représentant chacun l’excédent visé au paragraphe 127(30) relativement à la société de personnes pour un exercice antérieur, sur le total des montants suivants : d) le total des sommes représentant chacune une aide gouvernementale ou une aide non gouvernementale, au sens du paragraphe 127(9), au titre d’une dépense visée aux alinéas a) ou b), dans leur version applicable relativement à la dépense, que le contribuable a reçue, est en droit de recevoir ou peut raisonnablement s’attendre à recevoir à la date d’échéance de production qui lui est applicable pour l’année;
A person or partnership that is (or is deemed by this subsection to be) a member of a particular partnership that is a member of another partnership is deemed to be a member of the other partnership, and the person or partnership is deemed to have, directly, rights to the income or capital of the other partnership to the extent of the person or partnership’s direct and indirect rights to that income or capital, for the purposes of applying (a) except to the extent that the context otherwise requires, a provision of this Subdivision; Partnership deemed to be corporation
d.1) le total des montants représentant chacun l’avantage supplémentaire au sens du paragraphe 127(9), pour l’année ou pour une année d’imposition antérieure relativement au contribuable et à une province; e) la fraction du total des montants représentant chacun un montant déduit en application du paragraphe 127(5) dans le calcul de l’impôt payable par le contribuable en vertu de la présente partie pour une année d’imposition antérieure, qu’il est raisonnable d’attribuer, selon le cas : (i) à un montant de remplacement visé par (ii) à une dépense de nature courante engagée au cours d’une année d’imposition antérieure qui était, pour l’application de l’article 127, une dépense admissible engagée au cours de cette année pour des activités de recherche scientifique et de développement expérimental, (iii) à un montant inclus, par l’effet de l’alinéa 127(13)e), dans le compte de dépenses admissibles de recherche et de développement du contribuable, au sens du paragraphe 127(9), à la fin d’une année d’imposition antérieure; f) les montants déduits en application du présent paragraphe dans le calcul du revenu du contribuable pour les années d’imposition antérieures, à l’exception des montants visés au paragraphe (6); f.1) le total des montants représentant chacun le moins élevé des montants suivants : (i) le montant déduit en application de l’article 61.3 dans le calcul du revenu du contribuable pour une année d’imposition antérieure, (ii) l’excédent éventuel du montant qui était déductible en application du présent paragraphe dans le calcul du revenu du contribuable pour cette année antérieure sur le montant demandé en vertu de ce paragraphe dans le calcul de son revenu pour cette même année; g) le total des montants dont chacun représente un montant égal au double du montant demandé en vertu du sous-alinéa 194(2)a)(ii) par le contribuable pour l’année ou toute année d’imposition antérieure; h) si le contribuable a été assujetti à un fait lié à la restriction de pertes avant la fin de l’année, la somme déterminée à son égard pour l’année selon le paragraphe (6.1). Sociétés liées (1.1) Pour l’application du paragraphe (1) et malgré l’alinéa (8)c), les activités de recherche scientifique et de développement expérimental exercées en rapport avec une entreprise qu’exploite une société donnée à laquelle le contribuable est lié, autrement qu’à cause d’un droit visé à l’alinéa 251(5)b), un contribuable qui est lui-même une société, et dans laquelle cette société donnée prend une part active au moment où le contribuable fait une dépense ou un paiement pour des activités ou des activités considérées comme étant exercées en rapport avec une entreprise du contribuable à ce moment. Présomption (1.2) Pour l’application de l’alinéa (1)b), la dépense qu’un contribuable fait au titre d’un bien est réputée ne pas avoir été faite avant que le bien soit considéré comme étant devenu prêt à être mis en service par lui. Recherche scientifique et développement expérimental dans la zone économique exclusive (1.3) Pour l’application du présent article, de l’article 127 de la présente loi et de la partie XXIX du Règlement de l’impôt sur le revenu, une dépense est réputée avoir été effectuée par un contribuable au Canada, si à la fois : a) elle est effectuée par le contribuable dans le cadre d’une entreprise qu’il exploite au Canada; b) elle est effectuée dans le cadre d’activités de recherche scientifique et de développement Income Tax PART I Income Tax DIVISION B Computation of Income
For the purpose of applying clause 95(2)(a)(ii)(D) in respect of an amount paid or payable by a partnership to a foreign affiliate, of a taxpayer, that is a member of the partnership or to another foreign affiliate of the taxpayer, (a) if, at any time, all the members (in this subsection referred to as “member affiliates”) of the partnership are foreign affiliates of the taxpayer, (i) the partnership is deemed to be, at that time in respect of the taxpayer and the member affiliates, a non-resident corporation without share capital, and (ii) all the membership interests in the partnership are deemed to be, at that time, equity interests in the corporation held by the member affiliates; and (b) if, at any time, all the member affiliates are resident in a particular country and the partnership does not carry on business outside the particular country, the partnership is deemed to be, at that time, resident in the particular country. Computing FAPI in respect of partnership
Impôt sur le revenu
For the purpose of applying a relevant provision in respect of a foreign affiliate of a taxpayer resident in Canada, if at any time the taxpayer is a partnership of which a particular corporation resident in Canada, or a foreign affiliate of the particular corporation, is a member and if, based on the relevant assumptions, the particular corporation and the taxpayer would be related, then (a) a non-resident corporation that is, at that time, a foreign affiliate of the particular corporation is deemed to be, at that time, a foreign affiliate of the taxpayer; and (b) the taxpayer is deemed to have, at that time, a qualifying interest in respect of that foreign affiliate if the particular corporation has, at that time, a qualifying interest in respect of the non-resident corporation. Relevant provisions and assumptions (a) the relevant provisions are SUBDIVISION i Shareholders of Corporations Not Resident in Canada (i) paragraph (b) of the description of A in the definition foreign accrual property income in subsection 95(1), (ii) in determining whether a property of a foreign affiliate of a taxpayer is excluded property of the affiliate, the description of B in the definition foreign accrual property income in subsection 95(1), (b) the relevant assumptions are that (i) the partnership is a non-resident corporation having capital stock of a single class divided into 100 issued shares that each have full voting rights, and (ii) each member of the partnership (other than another partnership) owns, at any time, the proportion of the issued shares of that class that (A) the fair market value of the member’s interest held, directly or indirectly through one or more partnerships, in the partnership at that time is of (B) the fair market value of all the interests in the partnership held directly by members of the partnership at that time.
equity interest, in a non-resident corporation without share capital, means any right, whether absolute or contingent, conferred by the non-resident corporation to receive, either immediately or in the future, an amount that can reasonably be regarded as all or any part of the capital, revenue or income of the non-resident corporation but does not include a right as creditor. (participation) Non-resident corporation without share capital
For the purposes of this Act, (a) equity interests in a non-resident corporation without share capital that have identical rights and obligations, determined without reference to proportionate differences in all of those rights and obligations, are deemed to be shares of a separate class of the capital stock of the corporation; (b) the corporation is deemed to have 100 issued and outstanding shares of each class of its capital stock; (c) each person or partnership that holds, at any time, an equity interest in a particular class of the capital stock of the corporation is deemed to own, at that time, that number of shares of the particular class that is equal to the proportion of 100 that (i) the fair market value, at that time, of all the equity interests of the particular class held by the person or partnership is of (ii) the fair market value, at that time, of all the equity interests of the particular class; and (d) shares of a particular class of the capital stock of the corporation are deemed to have rights and obligations that are the same as those of the corresponding equity interests. Non-resident corporation without share capital (a) subject to paragraph (b), if at any time a taxpayer resident in Canada or a foreign affiliate of the taxpayer (in this subsection referred to as the “vendor”) disposes of capital property that is shares of the capital stock of a foreign affiliate of the taxpayer, or a debt obligation owing to the taxpayer by the affiliate, to — or exchanges the shares or debt for shares of the capital stock of — a non-resident corporation without share capital, that is immediately after that time a foreign affiliate of the taxpayer, in a manner that increases the fair market value of a class of shares of the capital stock of the non-resident corporation, the non-resident corporation is deemed to have issued, and the vendor is deemed to have received, new shares of the class as consideration in respect of the disposition or exchange; and SUBDIVISION i Shareholders of Corporations Not Resident in Canada (b) if the taxpayer elects under this paragraph and files the election in writing with the Minister on or before its filing-due date for the taxation year that includes the day on which the disposition or exchange occurs, paragraph (a) does not apply to the disposition or exchange. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2014, c. 39, s. 22.
(a) in the absence of subsection (3), the trust would be described in paragraph (h) of the definition exempt foreign trust in subsection 94(1); (b) the trust is resident in Australia or India (in this section referred to as the “specified jurisdiction”); (c) the interest of each beneficiary under the trust is described by reference to units of the trust; and (d) the liability of each beneficiary under the trust is limited by the operation of any law governing the trust.
expérimental menés dans la zone économique exclusive du Canada, au sens de la Loi sur les océans, ou dans l’espace aérien ou les fonds marins de leur sous-sol correspondants. Traitement ou salaire — RS&DE à l’étranger (1.4) Pour l’application du présent article, de l’article 127 de la présente loi et de la partie XXIX du Règlement de l’impôt sur le revenu, la dépense d’un contribuable pour une année d’imposition, déterminée selon le paragraphe (1.5), est réputée être effectuée au cours de l’année pour des activités de recherche scientifique et de développement expérimental qu’il exerce au Canada. Traitement ou salaire à l’étranger — plafond (1.5) La dépense d’un contribuable pour une année d’imposition correspond au moins élevé des sommes suivantes : a) le total des dépenses dont chacune est une dépense qu’il a effectuée, au cours de l’année et après le 25 février 2008, au titre de frais engagés au cours de l’année pour le traitement ou salaire versé à un employé du contribuable qui résidait au Canada au moment où les activités ont été exercées relativement à des activités de recherche scientifique et de développement expérimental qui, à la fois : (i) sont exercées à l’étranger, (ii) sont menées directement par le contribuable, (iii) sont en rapport avec son entreprise, (iv) servent uniquement à appuyer des activités de recherche scientifique et de développement expérimental qu’il exerce au Canada; b) le montant qui correspond à 10 % du total des dépenses effectuées par le contribuable au cours de l’année, dont chacune représentait, en l’absence du paragraphe (1.4), une dépense effectuée au titre de frais engagés au cours de l’année pour le traitement ou salaire versé à un employé relativement à des activités de recherche scientifique et de développement expérimental exercées au Canada directement par le contribuable, en rapport avec son entreprise. Activités de recherche scientifique et de développement expérimental exercées à l’étranger
Subsection (3) applies at any time to a taxpayer resident in Canada in respect of a trust if (a) a non-resident corporation is at that time beneficially interested in the trust; (b) the non-resident corporation is at that time a foreign affiliate of the taxpayer in respect of which the taxpayer has a qualifying interest; (c) the trust is at that time a specified trust; (d) the total fair market value at that time of all fixed interests (in this section as defined in subsection 94(1)) of a class in the trust held by the non-resident corporation, or persons or partnerships that do not deal at arm’s length with the non-resident corporation, is at least 10% of the total fair market value at that time of all fixed interests of the class; and (e) unless the non-resident corporation first acquires a beneficial interest in the trust at that time or the non-resident corporation first becomes a foreign affiliate of the taxpayer at that time, immediately before that time (referred to in this paragraph as the “preceding time”) subsection (3) applied (i) to the taxpayer in respect of the trust, or SUBDIVISION I Shareholders of Corporations Not Resident in Canada (ii) to a corporation resident in Canada, that at the preceding time did not deal at arm’s length with the taxpayer, in respect of the trust.
Sont déductibles, dans le calcul du revenu qu’un contribuable tire pour une année d’imposition d’une entreprise de celui-ci, les dépenses de nature courante que celui-ci a faites au cours de l’année : Expenditures of a capital nature a) soit pour des activités de recherche scientifique et de développement expérimental exercées à l’étranger directement par le contribuable ou pour son compte, en rapport avec l’entreprise (sauf dans la mesure où les dépenses sont réputées par le paragraphe (1.4) avoir été effectuées au Canada); b) soit sous forme de paiements à une association, une université, un collège, un institut de recherches ou un autre établissement semblable agréés, devant servir à des activités de recherche scientifique et de développement expérimental exercées à l’étranger, en rapport avec l’entreprise, à condition que le contribuable soit en droit d’en exploiter les résultats. Demandes d’avis par le ministre
If this subsection applies at any time to a taxpayer resident in Canada in respect of a trust, the following rules apply at that time for the specified purposes: (a) the trust is deemed to be a non-resident corporation that is resident in the specified jurisdiction and not to be a trust; (b) each particular class of fixed interests in the trust is deemed to be a separate class of 100 issued shares, of the capital stock of the non-resident corporation, that have the same attributes as the interests of the particular class; (c) each beneficiary under the trust is deemed to hold the number of shares of each separate class described in paragraph (b) equal to the proportion of 100 that the fair market value at that time of that beneficiary’s fixed interests in the corresponding particular class of fixed interests in the trust is of the fair market value at that time of all fixed interests in the particular class; (d) the non-resident corporation is deemed to be controlled by the taxpayer resident in Canada — a foreign affiliate of which is referred to in paragraph (2)(b) and is beneficially interested in the trust — that has the greatest equity percentage in the non-resident corporation; (e) a particular foreign affiliate of the taxpayer in which the taxpayer has a direct equity percentage (as defined in subsection 95(4)) at a particular time, and that is not a controlled foreign affiliate of the taxpayer at that time, is deemed to be a controlled foreign affiliate of the taxpayer at that time if, at that time, (i) the particular affiliate has an equity percentage (as defined in subsection 95(4)) in the foreign affiliate referred to in paragraph (2)(b), or (ii) the particular affiliate is the foreign affiliate referred to in paragraph (2)(b); and (f) section 94.2 does not apply to the taxpayer in respect of the trust. Specified purposes (a) the determination, in respect of an interest in a specified trust, of the Canadian tax results (as defined in subsection 261(1)) of the taxpayer resident in Canada referred to in subsection (3) for a taxation year in respect of shares of the capital stock of a foreign affiliate of the taxpayer; (b) the filing obligations of the taxpayer under section 233.4; and (c) if the taxpayer is a corporation resident in Canada, the application of section 212.3 in respect of an investment (as defined in subsection 212.3(10)) by the taxpayer.
Le ministre peut obtenir l’avis du ministère de l’Industrie, du Conseil national de recherches du Canada, du Conseil national de recherches pour la défense, ou de tout autre organisme ou ministère fédéral qui se livre à des activités en recherche scientifique, sur la question de savoir si une activité particulière constitue une activité de recherche scientifique et de développement expérimental. Absence de déduction au titre des activités de recherche scientifique et de développement expérimental
For the purposes of this section, (a) if there has been an amalgamation to which subsection 87(1) applies, the new corporation referred to in that subsection is deemed to be the same corporation as, and a continuation of, each predecessor corporation referred to in that subsection; and (b) if there has been a winding-up to which subsection 88(1) applies, the parent referred to in that subsection is deemed to be the same corporation as, and a continuation of, the subsidiary referred to in that subsection.
Aucune déduction n’est permise en vertu du présent article relativement à une dépense faite en vue d’acquérir des droits relatifs à des activités de recherche scientifique et de développement expérimental ou des droits en découlant. Idem
arm’s length transfer. A transfer, at any time by a person or partnership (referred to in this definition as the “transferor”) means a transfer or loan (which transfer or loan is referred to in this definition as the “transfer”) of property (other than restricted property) that is made at that time (referred to in this definition as the “transfer time”) by the transferor to a particular person or partnership (referred to in this definition as the “recipient”) if (a) it is reasonable to conclude that none of the reasons (determined by reference to all the circumstances including the terms of a trust, an intention, the laws of a country or the existence of an agreement, a memorandum, a letter of wishes or any other arrangement) for the transfer is the acquisition at any time by any person or partnership of an interest as a beneficiary under a non-resident trust; and (b) the transfer is (i) a payment of interest, of a dividend, of rent, of a royalty or of any other return on investment, or any substitute for such a return on investment, in respect of a particular property held by the recipient, if the amount of the payment is not more than the amount that the transferor would have paid if the transferor dealt at arm’s length with the recipient, (ii) a payment made by a corporation on a reduction of the paid-up capital in respect of shares of a class of its capital stock held by the recipient, if the amount of the payment is not more than the lesser of the amount of the reduction in the paid-up capital and the consideration for which the shares were issued, (iii) a transfer in exchange for which the recipient transfers or loans property to the transferor, or becomes obligated to transfer or loan property to the transferor, and for which it is reasonable to conclude (A) having regard only to the transfer and the exchange, that the transferor would have been willing to make the transfer if the transferor dealt at arm’s length with the recipient, and (B) that the terms and conditions, and circumstances, under which the transfer was made would have been acceptable to the transferor if the transferor dealt at arm’s length with the recipient, (iv) a transfer made in satisfaction of an obligation referred to in subparagraph (iii) and for which it is reasonable to conclude (A) having regard only to the transfer and the obligation, that the transferor would have been willing to make the transfer if the transferor dealt at arm’s length with the recipient, and (B) that the terms and conditions, and circumstances, under which the transfer was made would have been acceptable to the transferor if the transferor dealt at arm’s length with the recipient, (v) a payment of an amount owing by the transferor under a written agreement the terms and conditions of which, when entered into, were terms and conditions that, having regard only to the amount owing and the agreement, would have been acceptable to the transferor if the transferor dealt at arm’s length with the recipient of the payment, (vi) a payment made before 2002 to a trust, to a corporation controlled by a trust or to a partnership of which a trust is a majority-interest partner in repayment of or otherwise in respect of a loan made by a trust, corporation or partnership to the transferor, or (vii) a payment made after 2001 to a trust, to a corporation controlled by the trust or to a partnership of which the trust is a majority-interest partner, in repayment of or otherwise in respect of a particular loan made by the trust, corporation or partnership to the transferor and either (A) the payment is made before 2011 and they would have been willing to enter into the particular loan if they dealt at arm’s length with each other, or (B) the payment is made before 2005 in accordance with fixed repayment terms agreed to before June 23, 2000. (transfert sans lien de dépendance) beneficiary under a trust includes (a) a person or partnership that is beneficially interested in the trust; and (b) a person or partnership that would be beneficially interested in the trust if the reference in subparagraph 248(25)(b)(ii) to (i) “any arrangement in respect of the particular trust” were read as a reference to “any arrangement (including, for greater certainty, the terms or conditions of a share, or any arrangement in respect of a share, of the capital stock of a corporation that is beneficially interested in the particular trust) in respect of the particular trust”, and (ii) “the particular person or partnership might” were read as a reference to “the particular person or partnership becomes (or could become on the exercise of any discretion by any person or partnership), directly or indirectly, entitled to any amount closely held corporation at any time means a corporation, other than a corporation in respect of which (a) there is at least one class of shares of its capital stock that includes shares prescribed for the purpose of paragraph 110(1)(d); (b) it is reasonable to conclude that at that time, in respect of each class of shares described in paragraph (a), shares of the class are held by at least 150 shareholders each of whom holds shares of the class that have a total fair market value of at least $500; and (c) it is reasonable to conclude that at that time in no case does a particular shareholder (or particular shareholder together with any other shareholder with whom the particular shareholder does not deal at arm’s length) hold shares of the corporation (i) that would give the particular shareholder (or the particular shareholder together with those other shareholders referred to in this paragraph) 10% or more of the votes that could be cast under any circumstance at an annual meeting of shareholders of the corporation if the meeting were held at that time, or connected contributor, to a trust at a particular time, means a contributor to the trust at the particular time, other than a person all of whose contributions to the trust made at or before the particular time were made at a non-resident time of the person. (contributeur rattaché) contribution to a trust by a particular person or partnership means (a) a transfer or loan (other than an arm’s length transfer) of property to the trust by the particular person or partnership; (b) if a particular transfer or loan (other than an arm’s length transfer) of property is made by the particular person or partnership as part of a series of transactions that includes another transfer or loan (other than an arm’s length transfer) of property to the trust by another person or partnership, that other transfer SUBDIVISION I Shareholders of Corporations Not Resident in Canada or loan to the extent that it can reasonably be considered to have been made in respect of the particular transfer or loan; and (c) if the particular person or partnership becomes obligated to make a particular transfer or loan (other than a transfer or loan that would, if it were made, be an arm’s length transfer) of property as part of a series of transactions that includes another transfer or loan (other than an arm’s length transfer) of property to the trust by another person or partnership, that other transfer or loan to the extent that it can reasonably be considered to have been made in respect of the obligation. (apport) contributor to a trust at any time means a person (other than an exempt person but including a person that has ceased to exist) that, at or before that time, has made a contribution to the trust. (contribuant) electing contributor at any time in respect of a trust means a resident contributor, to the trust, who has elected to have subsection (16) apply in respect of the contribution and the trust for a taxation year of the contributor that includes that time or that ends before that time and for all subsequent taxation years, if (a) the election was in writing filed with the Minister on or before the contributor’s filing-due date for the first taxation year of the contributor for which the election was to take effect (referred to in this definition as the “initial year”); and (b) the election included both the trust’s account number as assigned by the Minister and evidence that the contributor notified, no later than 30 days after the end of the trust’s taxation year that ends in the initial year, the trust that the election would be made. (contribuant déterminé) electing trust in respect of a trust’s particular taxation year means the trust, if the trust (a) holds at any time in the particular taxation year, or in a prior taxation year of the trust throughout which it was deemed by subsection (3) to be resident in Canada for the purpose of computing its income, property that is at that time part of its non-resident portion; and (b) elects to have paragraph (3)(f) apply to it for (i) its first taxation year (A) throughout which it is deemed by subsection (3) to be resident in Canada for the purpose of computing its income, and (B) in which it holds property that is at a time in the year part of its non-resident portion, and (iii) all of its taxation years that end after its taxation year described in subparagraph (i); and (c) files the election described in paragraph (b) in writing filed with the Minister with the trust’s return of income for its taxation year described in subparagraph (b)(i). (fiducie déterminée) exempt amount in respect of a trust’s particular taxation year means an amount that is (a) paid or credited (in this definition within the meaning assigned by Part XIII) by the trust before 2004; (b) paid or credited by the trust and referred to in paragraph 104(7)(h) in respect of the trust for the particular taxation year; or (c) paid in the particular taxation year (or within 60 days after the end of the particular taxation year) by the trust directly to a beneficiary (determined without reference to subsection 248(25)) under the trust if (i) the beneficiary is a natural person none of whose interests as a beneficiary under the trust was ever acquired for consideration, (ii) the amount is described in subparagraph 212(1)(c)(ii) and is not included in computing an exempt amount in respect of any other taxation year of the trust, (iii) the trust was created before October 30, 2003, and (iv) no contribution has been made to the trust on or after July 18, 2005. (somme exclue) exempt foreign trust at a particular time means (i) each beneficiary under the trust at the particular time is (A) an individual who, at the time that the trust was created, was, because of mental or physical infirmity, dependent on an individual who is a contributor to the trust or on an individual related to such a contributor (which beneficiary is referred to in this paragraph as an “infirm beneficiary”), or (B) a person who is entitled, only after the particular time, to receive or otherwise obtain the use of any of the trust’s income or capital, (ii) at the particular time there is at least one infirm beneficiary who suffers from a mental or physical infirmity that causes the beneficiary to be dependent on a person, (iii) each infirm beneficiary is, at all times that the infirm beneficiary is a beneficiary under the trust during the trust’s taxation year that includes the particular time, non-resident, and (iv) each contribution to the trust made at or before the particular time can reasonably be considered to have been, at the time that the contribution was made, made to provide for the maintenance of an infirm beneficiary during the expected period of the beneficiary’s infirmity; (i) the trust was created as a consequence of the breakdown of a marriage or common-law partnership of two particular individuals to provide for the maintenance of a beneficiary under the trust who was, during that marriage or common-law partnership, (A) a child of both of those particular individuals (which beneficiary is referred to in this paragraph as a “child beneficiary”), or (B) one of those particular individuals (which beneficiary is referred to in this paragraph as the “adult beneficiary”), (ii) each beneficiary under the trust at the particular time is (B) a child beneficiary under 31 years of age who is enrolled at any time in the trust’s taxation year that includes the particular time at an educational institution that is described in subclause (iv)(B)(I) or (II), (D) a person who is entitled, only after the particular time, to receive or otherwise obtain the use of any of the trust’s income or capital, (iii) each beneficiary described in any of clauses (ii)(A) to (C) is, at all times that the beneficiary is a beneficiary under the trust in the trust’s taxation year that includes the particular time, non-resident, and (iv) each amount paid to the trust, at or before the particular time, (A) was paid by the particular individual who is the adult beneficiary or would be the adult beneficiary if section 56.1(4) applied as if it had been paid directly to the adult beneficiary, or (B) was paid by one of the particular individuals or by a person related to either of them to provide for the maintenance of a child beneficiary while the child beneficiary was under 21 years of age. SUBDIVISION I Shareholders of Corporations Not Resident in Canada beneficiary under the trust during the trust’s taxation year that includes the particular time, non-resident, and (iv) each contribution to the trust, at the time that the contribution was made, was (A) an amount paid by the particular individual other than the adult beneficiary that would be a support amount as defined in subsection 56.1(4) if it had been paid by that particular individual directly to the adult beneficiary, or (B) made by one of those particular individuals or a person related to one of those particular individuals to provide for the maintenance of a child beneficiary while the child was either under 21 years of age or was under 31 years of age and enrolled at an educational institution located outside Canada that is (I) a university, college or other educational institution that provides courses at a post-secondary school level, or (II) an educational institution that provides courses designed to furnish a person with skills for, or improve a person’s skills in, an occupation; (c) a non-resident trust if (i) at the particular time the trust is an agency of the United Nations, (ii) at the particular time the trust owns and administers a university described in subparagraph (a)(iv) of the definition qualified donee in subsection 149.1(1), (iii) at any time in the trust’s taxation year that includes the particular time or at any time in the preceding calendar year Her Majesty in right of Canada has made a gift to the trust, or (iv) the trust is established under the International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage, 1992, or any protocol to it that has been ratified by the Government of Canada; (i) that throughout the particular period that began at the time it was created and ends at the particular time would be non-resident if this Act were read without reference to subsection (1) as that SUBDIVISION I Shareholders of Corporations Not Resident in Canada subsection read in its application to taxation years that include December 31, 2000, (ii) that was created exclusively for charitable purposes and has been operated throughout the particular period exclusively for charitable purposes, (iii) if the particular time is more than 24 months after the day on which the trust was created, in respect of which, there are at the particular time at least 20 persons (other than trusts) each of whom at the particular time (A) is a contributor to the trust, (B) exists, and (C) deals at arm’s length with at least 19 other contributors to the trust, (iv) the income of which (determined in accordance with the laws described in subparagraph (v)) for each of its taxation years that ends at or before the particular time would, if the income were not distributed and the laws described in subparagraph (v) did not apply, be subject to an income or profits tax in the country in which it was resident in each of those taxation years, and (v) that was, for each of its taxation years that ends at or before the particular time, exempt under the laws of the country in which it was resident from the payment of income or profits tax to the government of that country in recognition of the charitable purposes for which the trust is operated; (e) a non-resident trust that throughout the trust’s taxation year that includes the particular time is a trust governed by an employees profit sharing plan, a retirement compensation arrangement or a foreign retirement arrangement; (i) throughout the particular period that began when it was created and ends at the particular time it has been operated exclusively for the purpose of administering or providing employee benefits in respect of employees or former employees, and (ii) throughout the trust’s taxation year that includes the particular time (A) the trust is a trust governed by an employee benefit plan or is a trust described in paragraph (a.1) of the definition trust in subsection 108(1), (B) the trust is maintained for the benefit of natural persons the majority of whom are non-resident, and (C) no benefits are provided under the trust other than benefits in respect of qualifying services; (g) a non-resident trust (other than a prescribed trust or a trust described in paragraph (a.1) of the definition trust in subsection 108(1)) that throughout the particular period that began when it was created and ends at the particular time (i) has been resident in a particular country (other than Canada) the laws of which have, throughout the particular period, (A) imposed an income or profits tax, and (B) exempted the trust from the payment of all income tax, and all profits tax, to the government of that particular country in recognition of the purposes for which the trust is operated, and (ii) has been operated exclusively for the purpose of administering or providing superannuation or pension benefits to individuals in respect of services rendered in the particular country by natural persons who were non-resident at the time those services were rendered; (h) a non-resident trust (other than a trust that elects, in writing filed with the Minister on or before the trust’s filing-due date for the trust’s taxation year that includes the particular time, not to be an exempt foreign trust under this paragraph for the taxation year in which the election is made and for each subsequent taxation year), if at the particular time (i) the only beneficiaries who may for any reason receive, at or after the particular time and directly from the trust, any of the income or capital of the trust are beneficiaries that hold fixed interests in the trust, and (ii) any of the following applies: (A) there are at least 150 beneficiaries described in subparagraph (i) under the trust each of whose fixed interests in the trust have at the particular time a total fair market value of at least $500, (B) all fixed interests in the trust are listed on a designated stock exchange and in the 30 days immediately preceding the particular time fixed interests in the trust were traded on a designated stock exchange on at least 10 days, (C) each outstanding fixed interest in the trust (I) was issued by the trust in exchange for consideration that was not less than 90% of the interest’s proportionate share of the net asset value of the trust’s property at the time of its issuance, or (II) was acquired in exchange for consideration equal to the fair market value of the interest at the time of its acquisition, or (D) the trust is governed by (I) a Roth IRA, within the meaning of section 408A of the Internal Revenue Code of the United States, or (II) a plan or arrangement that was created after September 21, 2007, that is subject to that Code and that the Minister agrees is substantially similar to a Roth IRA; or exempt person at any time means (b) a person whose taxable income for the taxation year that includes that time is exempt from tax under this Part because of subsection 149(1); (c) a trust resident in Canada or a Canadian corporation (i) that was established by or arises under an Act of Parliament or of the legislature of a province, and (ii) the principal activities of which at that time are to administer, manage or invest the monies of one or more pension funds or plans established under an Act of Parliament or of the legislature of a province; (d) a trust or corporation established by or arising by reason of an Act of Parliament or the legislature of a province in connection with a scheme or program for the compensation of workers injured in an accident arising out of or in the course of their employment; (e) a trust resident in Canada all the beneficiaries under which are at that time exempt persons; (f) a Canadian corporation all the shares, or rights to shares, of which are held at that time by exempt persons; (g) a Canadian corporation without share capital all the property of which is held at that time exclusively for the benefit of exempt persons; (h) a partnership all the members of which are at that time exempt persons; and (i) a trust or corporation that is at that time a mutual fund. exempt service means a service rendered at any time by a person or partnership (referred to in this definition as the “service provider”) to, for or on behalf of, another person or partnership (referred to in this definition as the “recipient”) if (a) the recipient is a trust and the service relates to the administration of the trust; or (b) the following conditions apply in respect of the service, namely, (i) the service is rendered in the service provider’s capacity at that time as an employee or agent of the recipient, (ii) in exchange for the service, the recipient transfers or loans property or becomes obligated to transfer or loan property, and (iii) it is reasonable to conclude (A) having regard only to the service and the exchange, that the service provider would be willing to carry out the service if the service provider were dealing at arm’s length with the recipient, and (B) that the terms, conditions and circumstances under which the service is provided would be acceptable to the service provider if the service provider were dealing at arm’s length with the recipient. fixed interest at any time of a person or partnership in a trust means an interest of the person or partnership as a beneficiary (in this definition, determined without reference to subsection 248(25)) under the trust provided that no amount of the income or capital of the trust is to be distributed at any time in respect of any interest in the trust depends on the exercise by any person or partnership of, or the failure by any person or partnership to exercise, SUBDIVISION I Shareholders of Corporations Not Resident in Canada any discretionary power, other than a power in respect of which it is reasonable to conclude that (a) the power is consistent with normal commercial practice; (b) the power is consistent with terms that would be acceptable to the beneficiaries under the trust if the beneficiaries were dealing with each other at arm’s length; and (c) the exercise of, or failure to exercise, the power will not materially affect the value of an interest as a beneficiary under the trust relative to the value of other such interests under the trust. (participation fixe) joint contributor at any time in respect of a contribution to a trust means, if more than one contributor has made the contribution, each of those contributors that is at that time a resident contributor to the trust. (contribuant conjoint) mutual fund at a particular time means a mutual fund trust or mutual fund corporation (referred to in this definition as the “fund”), but does not include a fund in respect of which statements or representations have been made at or before the particular time — by the fund, or by a promoter or other representative of the fund, in respect of the acquisition or offering of an interest in the fund — that the taxes, if any, under this Part on the income, profit or gains for any particular year — in respect of property that is held by the fund and that is, or derives its value from, an interest in a trust — are less than, or are expected to be less than, the tax that would have been applicable under this Part if the income, profits or gains from the property had been earned directly by a person who acquires an interest in the fund. (fonds commun de placement) non-resident portion of a trust at any time means all property held by the trust to the extent that it is not at that time part of the resident portion of the trust. (partie non-résidente) non-resident time of a person in respect of a contribution to a trust and a particular time means a time (referred to in this definition as the “contribution time”) at which the person made a contribution to a trust that is before the particular time and at which the person was non-resident (or, if the person is not in existence at the contribution time, the person was non-resident throughout the 18 months before ceasing to exist), if the person was non-resident or not in existence throughout the period that began 60 months before the contribution time (or, if the person is an individual and the trust arose on and as a consequence of the death of the individual, 18 months before the contribution time) and ends at the earlier of (a) the time that is 60 months after the contribution time, and promoter of a trust or corporation at any time means (a) a person or partnership that at or before that time establishes, organizes or substantially reorganizes the undertakings of the trust or corporation, as the case may be; and (b) for the purposes of the definition mutual fund in this subsection, a person or partnership described by paragraph (a) and a person or partnership who in the course of a business (i) sells or issues, or promotes the sale, issuance or acquisition of, an interest in a mutual fund corporation or mutual fund trust, (ii) acts as an agent or advisor in respect of the sale or issuance, or the promotion of the sale, issuance or acquisition of, an interest in a mutual fund corporation or mutual fund trust, or (iii) accepts, whether as a principal or agent, consideration in respect of an interest in a mutual fund corporation or mutual fund trust. (promoteur) qualifying services means services that are (a) rendered to an employer by an employee of the employer, which employee was non-resident throughout the period during which the services were rendered; (b) rendered to an employer by an employee of the employer, other than services that were (ii) rendered primarily in connection with a business carried on by the employer in Canada, or (iii) a combination of services described in subparagraphs (i) and (ii); (c) rendered in a particular calendar month to an employer by an employee of the employer, which employee (i) was resident in Canada throughout no more than 60 months during the 72-month period that ends at the end of the particular month, and (ii) became a member of, or a beneficiary under, the plan or trust under which benefits in respect of the services may be provided (or a similar plan or trust for which the plan or the trust was substituted) before the end of the calendar month following the month in which the employee became resident in Canada; or (d) any combination of services that are qualifying services determined without reference to this paragraph. (services admissibles) resident beneficiary under a trust at any time means a person (other than a person that is at that time a successor beneficiary under the trust or an exempt person) that is, at that time, a beneficiary under the trust if, at that time, (a) the person is resident in Canada; and resident contributor, to a trust at any time, means a person that is, at that time, resident in Canada and a contributor to the trust, but — if the trust was created before 1960 by a person who was non-resident when the trust was created — does not include an individual (other than a trust) who has not, after 1959, made a contribution to the trust. (contributeur résident) resident portion of a trust at a particular time means all of the trust’s property that is (a) property in respect of which a contribution has been made at or before the particular time to the trust by a contributor that is at the particular time a resident contributor, or if there is at the particular time a resident beneficiary under the trust a connected contributor, to the trust and, for the purposes of this paragraph, (i) if a property is held by a contributor in common or in partnership immediately before the property is contributed to the trust, it is contributed by the contributor only to the extent that the contributor held the property, (ii) if the contribution is a transfer described by any of paragraphs (2)(a), (c), (d) or (f), the property in respect of which the contribution has been made is deemed to be (A) in respect of a transfer under paragraph (2)(a), property (I) if clause (2)(a)(ii)(A) applies, the fair market value of which has increased because of a transfer or loan described by subparagraph (2)(a)(i), or (II) if clause (2)(a)(ii)(B) applies, that would not otherwise be included in the resident portion of the trust, that is selected by the trust (or, failing which, is selected by the Minister) and that has a fair market value at least equal to the absolute value of a decrease in a liability or potential liability of the trust that arose because of a transfer or loan described by subparagraph (2)(a)(i), (B) in respect of a transfer under paragraph (2)(c), property described by subparagraph (2)(c)(ii), (C) in respect of a transfer under paragraph (2)(d), property acquired as a result of any undertaking including a guarantee, covenant or agreement given by a person other than the trust to ensure the repayment, in whole or in part, of a loan or other indebtedness incurred by the trust as described by paragraph (2)(d), and (D) in respect of a transfer under paragraph (2)(f), property selected by the trust (or, failing which, is selected by the Minister) that has a fair market value at least equal to the fair market value of property deemed to be transferred to the trust as described by paragraph (2)(f); (b) property that is acquired, at or before the particular time, by way of indebtedness incurred by the trust (referred to in this paragraph as the “subject property”), if (i) all or part of the indebtedness is secured on property (other than the subject property) that is held in the trust’s resident portion, (ii) it was reasonable to conclude, at the time that the indebtedness was incurred, that the indebtedness would be repaid with recourse to any property (other than the subject property) held at any time in the trust’s resident portion, or (iii) a person resident in Canada or partnership of which a person resident in Canada is a member has become obligated, either absolutely or contingently, to effect any undertaking including a guarantee, services admissibles SUBDIVISION I Shareholders of Corporations Not Resident in Canada covenant or agreement given to ensure the repayment, in whole or in part, of the indebtedness, or provided any other financial assistance in respect of the indebtedness; (c) property to the extent that it is derived, directly or indirectly, in any manner whatever, from property described by any of paragraphs (a), (b) and (d), and, without limiting the generality of the foregoing, including property derived from the income (computed without reference to paragraph 104(6)(f) and subsections 104(6) and (12)) of the trust for a taxation year of the trust that ends at or before the particular time and property in respect of which an amount would be described at the particular time in respect of the trust by the definition capital dividend account in subsection 89(1) if the trust were at the particular time a corporation; and restricted property of a person or partnership means property that the person or partnership holds and that is (a) a share (or a right to acquire a share) of the capital stock of a closely held corporation if the share or right, or a property for which the share or right was substituted, was at any time acquired by the person or partnership as part of a transaction or series of transactions under which (i) a specified share of the capital stock of a closely held corporation was acquired by any person or partnership in exchange for, as consideration for or upon the conversion of any property and the cost of the spec
Dans le cas où un montant est déductible par ailleurs en application à la fois du présent article et de l’article 110.1 ou 118.1 au titre d’une dépense faite par un contribuable pour des activités de recherche scientifique et de développement expérimental au cours d’une année d’imposition, aucune déduction ne peut être faite en application de l’article 110.1 ou 118.1 au titre de cette dépense dans le calcul du revenu imposable du contribuable ou de l’impôt payable par le contribuable pour une année d’imposition. Dépenses en capital
In this section and section 94.2, (a) a person or partnership is deemed to have transferred, at any time, a property to a trust if (i) at that time the person or partnership transfers or loans property (other than by way of an arm’s length transfer) to another person or partnership, and (ii) because of that transfer or loan (A) the fair market value of one or more properties held by the trust increases at that time, or (B) a liability or potential liability of the trust decreases at that time; (b) the fair market value, at any time, of a property deemed by paragraph (a) to be transferred at that time by a person or partnership is deemed to be the amount of the absolute value of the increase or decrease, as the case may be, referred to in subparagraph (a)(ii) in respect of the property, and if that time is after August 27, 2010, and the property that the person or partnership transfers or loans at that time is restricted property of the person or partnership, the property deemed by paragraph (a) to be transferred at that time to a trust is deemed to be restricted property transferred at that time to the trust; (c) a person or partnership is deemed to have transferred, at any time, property to a trust if (i) at that time the person or partnership transfers restricted property, or loans property other than by way of an arm’s length transfer, to another person (referred to in this paragraph and paragraph (c.1) as the “intermediary”), (ii) at or after that time, the trust holds property (other than property described by paragraph (14)(b)) the fair market value of which is derived in whole or in part, directly or indirectly, from property held by the intermediary, and (iii) it is reasonable to conclude that one of the reasons the transfer or loan is made is to avoid or minimize a liability under this Part; (c.1) the fair market value, at any time, of a property deemed by paragraph (c) to be transferred at that time by a person or partnership is deemed to be the fair SUBDIVISION I Shareholders of Corporations Not Resident in Canada market value of the property referred to in subparagraph (c)(i), and if that time is after October 24, 2012 and the property that the person or partnership transfers or loans to the intermediary is restricted property of the intermediary, the property deemed by paragraph (c) to be transferred at that time by the person or partnership to a trust is deemed to be restricted property transferred at that time to the trust throughout the period in which the intermediary holds the restricted property; (d) if, at any time, a particular person or partnership becomes obligated, either absolutely or contingently, to effect any undertaking including a guarantee, covenant or agreement given to ensure the repayment, in whole or in part, of a loan or other indebtedness incurred by another person or partnership, or has provided any other financial assistance to another person or partnership, (i) the particular person or partnership is deemed to have transferred, at that time, property to that other person or partnership, and (ii) the property, if any, transferred to the particular person or partnership from the other person or partnership in exchange for the guarantee or other financial assistance is deemed to have been transferred to the particular person or partnership in exchange for the property deemed by subparagraph (i) to have been transferred; (e) the fair market value at any time of a property deemed by subparagraph (d)(i) to have been transferred at that time to another person or partnership is deemed to be the amount at that time of the loan or indebtedness incurred by the other person or partnership to which the property relates; (f) if, at any time after June 22, 2000, a particular person or partnership renders any service (other than an exempt service) to, for or on behalf of another person or partnership, (i) the particular person or partnership is deemed to have transferred, at that time, property to that other person or partnership, and (ii) the property, if any, transferred to the particular person or partnership from the other person or partnership in exchange for the service is deemed to have been transferred to the particular person or partnership in exchange for the property deemed by subparagraph (i) to have been transferred; (g) each of the following acquisitions of property by a particular person or partnership is deemed to be a transfer of the property, at the time of the acquisition of the property, to the particular person or partnership from the person or partnership from which the property was acquired, namely, the acquisition by the particular person or partnership of (i) a share of a corporation from the corporation, (ii) an interest as a beneficiary under a trust (otherwise than from a beneficiary under the trust), (iii) an interest in a partnership (otherwise than from a member of the partnership), (iv) a debt owing by a person or partnership from the person or partnership, and (v) a right (granted after June 22, 2000, by the person or partnership from which the right was acquired) to acquire or to be loaned property; (h) the fair market value at any time of a property deemed by subparagraph (f)(i) to have been transferred at that time is deemed to be its fair market value at that time of the service to which the property relates; (i) a person or partnership that at any time becomes obligated to do an act that would, if done, constitute the transfer or loan of a property to another person or partnership is deemed to have become obligated at that time to transfer or loan, as the case may be, property to that other person or partnership; (j) in applying at any time the definition non-resident time in subsection (1), if a trust acquires property of an individual as a consequence of the death of the individual and the individual was immediately before death resident in Canada, the individual is deemed to have transferred the property to the trust immediately before the individual’s death; (k) a transfer or loan of property at any time is deemed to be made at that time jointly by a particular person or partnership and a second person or partnership (referred to in this paragraph as the “specified person”) if (i) the particular person or partnership transfers or loans property at that time to another person or partnership, (ii) the transfer or loan is made at the direction, or with the acquiescence, of the specified person, and (iii) it is reasonable to conclude that one of the reasons the transfer or loan is made is to avoid or SUBDIVISION I Shareholders of Corporations Not Resident in Canada minimize the liability, of any person or partnership, under this Part that arose, or that would otherwise have arisen, because of the application of this section; (k.1) a transfer or loan of property made at any time on or after November 9, 2006, is deemed to be made at that time jointly by a particular person or partnership and a second person or partnership (referred to in this paragraph as the “specified person”) if (i) the particular person or partnership transfers or loans property at that time to another person or partnership, and (ii) a purpose or effect of the transfer or loan may reasonably be considered to be to provide benefits in respect of services rendered by a person as an employee of the specified person (whether the provision of the benefits is because of a right that is immediate or future, absolute or contingent, or conditional on or subject to the exercise of any discretion by any person or partnership); (l) a transfer or loan of property at any time is deemed to be made at that time jointly by a corporation and a person or partnership (referred to in this paragraph as the “specified person”) if (i) the corporation transfers or loans property at that time to another person or partnership, (ii) the transfer or loan is made at the direction, or with the acquiescence, of the specified person, (iii) that time is not, or would not be if the transfer or loan were a contribution of the specified person, (B) if the specified person is a partnership, a non-resident time of one or more members of the partnership, and (A) the corporation is, at that time, a controlled foreign affiliate of the specified person, or would at that time be a controlled foreign affiliate of the specified person if the specified person were at that time resident in Canada, or (B) it is reasonable to conclude that the transfer or loan was made in contemplation of the corporation becoming after that time a corporation described in clause (A); (m) a particular person or partnership is deemed to have transferred, at a particular time, a particular property or particular part of it, as the case may be, to a corporation described in subparagraph (i) or a second person or partnership described in subparagraph (ii) if (i) the particular property is a share of the capital stock of a corporation held at the particular time by the particular person or partnership, and as consideration for the disposition at or before the particular time of the share, the particular person or partnership received at the particular time (or became entitled at the particular time to receive) from the corporation a share of the capital stock of the corporation, or (ii) the particular property (or property for which the particular property is substituted) was acquired, before the particular time, from the second person or partnership by any person or partnership, in circumstances that are described by any of subparagraphs (g)(i) to (v) (or would be so described if it applied at the time of that acquisition) and at the particular time, (B) the second person or partnership redeems, acquires or cancels the particular property or the particular part of it, (C) if the particular property is a debt owing by the second person or partnership, the debt or the particular part of it is settled or cancelled, or (D) if the particular property is a right to acquire or to be loaned property, the particular person or partnership exercises the right; (n) a contribution made at any time by a particular trust to another trust is deemed to have been made at that time jointly by the particular trust and by each person or partnership that is at that time a contributor to the particular trust; (o) a contribution made at any time by a particular partnership to a trust is deemed to have been made at that time jointly by the particular partnership and by each person or partnership that is at that time a member of the particular partnership; (p) subject to paragraph (q) and subsection (9), the amount of a contribution to a trust at the time it was made is deemed to be the fair market value, at that time, of the property that was the subject of the contribution; (q) a person or partnership that at any time acquires a fixed interest in a trust (or a right, issued by the trust, to acquire a fixed interest in the trust) from another person or partnership (other than from the trust that issued the interest or the right) is deemed to have made at that time a contribution to the trust and the amount of the contribution is deemed to be equal to the fair market value at that time of the interest or right, as the case may be; (r) a particular person or partnership that has acquired a fixed interest in a trust as a consequence of making a contribution to the trust — or that has made a contribution to the trust as a consequence of having acquired a fixed interest in the trust or a right described in paragraph (q) — is, for the purpose of applying this section at any time after the time that the particular person or partnership transfers the fixed interest or the right, as the case may be, to another person or partnership (which transfer is referred to in this paragraph as the “sale”), deemed not to have made the contribution in respect of the fixed interest, or right, that is the subject of the sale if (i) in exchange for the sale, the other person or partnership transfers or loans, or becomes obligated to transfer or loan, property (which property is referred to in subparagraph (ii) as the “consideration”) to the particular person or partnership, and (ii) it is reasonable to conclude (A) having regard only to the sale and the consideration that the particular person or partnership would be willing to make the sale if the particular person or partnership were dealing at arm’s length with the other person or partnership, and (B) that the terms and conditions made or imposed in respect of the exchange would be acceptable to the particular person or partnership if the particular person or partnership were dealing at arm’s length with the other person or partnership; (s) a transfer to a trust by a particular person or partnership is deemed not to be, at a particular time, a contribution to the trust if (i) the particular person or partnership has transferred, at or before the particular time and in the ordinary course of business of the particular person or partnership, property to the trust, (ii) the transfer is not an arm’s length transfer, but would be an arm’s length transfer if the definition arm’s length transfer in subsection (1) were read without reference to paragraph (a) and subparagraphs (b)(i), (ii) and (iv) to (vii) of that definition, (iii) it is reasonable to conclude that the particular person or partnership was the only person or partnership that acquired, in respect of the transfer, an interest as a beneficiary under the trust, (iv) the particular person or partnership was required, under the securities law of a country or of a political subdivision of the country in respect of the issuance by the trust of interests as a beneficiary under the trust, to acquire an interest because of the particular person or partnership’s status at the time of the transfer as a manager or promoter of the trust, and (v) at the particular time the trust is not an exempt foreign trust, but would be at that time an exempt foreign trust if it had not made an election under paragraph (h) of the definition exempt foreign trust in subsection (1), and (vi) the particular time is before the earliest of (A) the first time at which the trust becomes an exempt foreign trust, (B) the first time at which the particular person or partnership ceases to be a manager or promoter of the trust, and (C) the time that is 24 months after the first time at which the total fair market value of consideration received by the trust in exchange for interests as a beneficiary (other than the particular person or partnership’s interest referred to in subparagraph (iii)) under the trust is greater than $500,000; (t) a transfer, by a Canadian corporation of particular property, that is at a particular time a contribution by the Canadian corporation to a trust, is deemed not to be, after the particular time, a contribution by the Canadian corporation to the trust if (i) the trust acquired the property before the particular time from the Canadian corporation in circumstances described in subparagraph (g)(i) or (iv), (ii) as a result of a transfer (which transfer is referred to in this paragraph as the “sale”) at the particular time by any person or partnership (referred to in this paragraph as the “seller”) to another person or partnership (referred to in this paragraph as the “buyer”) the trust (A) no longer holds any property that is shares of the capital stock of, or debt issued by, the Canadian corporation, and (B) no longer holds any property that is property the fair market value of which is derived in whole or in part, directly or indirectly, from shares of the capital stock of, or debt issued by, the Canadian corporation, (iii) the buyer deals at arm’s length immediately before the particular time with the Canadian corporation, the trust and the seller, (iv) in exchange for the sale, the buyer transfers or becomes obligated to transfer property (which property is referred to in this paragraph as the “consideration”) to the seller, and (v) it is reasonable to conclude (A) having regard only to the sale and the consideration that the seller would be willing to make the sale if the seller were dealing at arm’s length with the buyer, (B) that the terms and conditions made or imposed in respect of the exchange would be acceptable to the seller if the seller were dealing at arm’s length with the buyer, and (C) that the value of the consideration is not, at or after the particular time, determined in whole or in part, directly or indirectly, by reference to shares of the capital stock of, or debt issued by, the Canadian corporation; (u) a transfer, before October 11, 2002, to a personal trust by an individual (other than a trust) of particular property is deemed not to be a contribution of the particular property by the individual to the trust if (i) the individual identifies the trust in prescribed form filed with the Minister on or before the individual’s filing-due date for the individual’s 2003 taxation year (or a later date that is acceptable to the Minister), and (ii) the Minister is satisfied that (A) the individual (and any person or partnership not dealing at any time at arm’s length with the individual) has never loaned or transferred, SUBDIVISION I Shareholders of Corporations Not Resident in Canada (B) in respect of each contribution (determined without reference to this paragraph) made before October 11, 2002, by the individual to the trust, none of the reasons (determined by reference to all the circumstances including the terms of the trust, an intention, the laws of a country or the existence of an agreement, a memorandum, a letter of wishes or any other arrangement) for the contribution was to permit or facilitate, directly or indirectly, the conferral at any time of a benefit (for greater certainty, including an interest as a beneficiary under the trust) on (III) any person or partnership with whom the individual or descendant does not, at any time, deal at arm’s length, and (C) the total of all amounts each of which is the amount of a contribution (determined without reference to this paragraph) made before October 11, 2002, by the individual to the trust does not exceed the greater of (I) 1% of the total of all amounts each of which is the amount of a contribution (determined without reference to this paragraph) made to the trust before October 11, 2002, and (v) a loan made by a particular specified financial institution to a trust is deemed not to be a contribution to the trust if (i) the loan is made on terms and conditions that would have been agreed to by persons dealing at arm’s length, and (ii) the loan is made by the specified financial institution in the ordinary course of the business carried on by it. SUBDIVISION I Shareholders of Corporations Not Resident in Canada Liabilities of non-resident trusts and others
Pour l’application de l’article 13, la somme déduite en application du paragraphe (1) qui est raisonnable de considérer comme se rapportant à un bien visé à l’alinéa (1)b), dans sa version applicable relativement au bien, est réputée être accordée au contribuable au titre du bien par les dispositions réglementaires prises en application de Income Tax PART I Income Tax DIVISION B Computation of Income
If at a specified time in a trust’s particular taxation year (other than a trust that is, at that time, an exempt foreign trust) the trust is non-resident (determined without reference to this subsection) and, at that time, there is a resident contributor to the trust or a resident beneficiary under the trust, (a) the trust is deemed to be resident in Canada throughout the particular taxation year for the purposes of (ii) computing the trust’s income for the particular taxation year, (vii) determining the trust’s rights and obligations under sections I and J, (viii) determining the rights and obligations of the trust under Divisions I and J, (ix) determining the liability of the trust for tax under Part I, and under Part XIII on amounts paid or credited (in this paragraph having the meaning assigned by Part XIII) to the trust, (ix) applying Part XIII in respect of an amount (other than an exempt amount) paid or credited by the trust to any person, and (x) determining whether a foreign affiliate of a taxpayer (other than the trust) is a controlled foreign affiliate of the taxpayer; (b) no deduction shall be made under subsection 20(11) by the trust in computing its income for the particular taxation year, and for the purposes of applying subsection 20(12) and section 126 to the trust for the particular taxation year (i) in determining the non-business-income tax (in this paragraph as defined by subsection 126(7)) paid by the trust for the particular taxation year, paragraph (b) of the definition non-business-income tax does not apply, and (ii) if, at that specified time, the trust is resident in a country other than Canada, (A) the trust’s income for the particular taxation year (other than income — not including dividends or interest — from sources in Canada) is deemed to be from sources in that country and not to be from any other source, and (B) the business-income tax (in this paragraph as defined by subsection 126(7)), and the non-business-income tax, paid by the trust for the particular taxation year are deemed to have been paid by the trust to the government of that country and not to any other government; (c) if the trust was non-resident throughout its taxation year (referred to in this paragraph as the “preceding year”) immediately preceding the particular taxation year, the trust is deemed to have (i) immediately before the end of the preceding year, disposed of each property (other than property described in any of subparagraphs 128.1(1)(b)(i) to (iv)) held by the trust at that time for proceeds of disposition equal to its fair market value at that time, and (ii) immediately before the end of the preceding year, acquired each such property at a cost equal to such proceeds of disposition; (ii) at the beginning of the particular taxation year, acquired each of those properties so disposed of at a cost equal to its proceeds of disposition; (i) has jointly and severally, or solidarily, with the trust and with each other such person, the rights and obligations of the trust in respect of the particular taxation year under Divisions I and J, and (ii) is subject to Part XV in respect of those rights and obligations; (e) each person that at any time in the particular taxation year is a beneficiary under the trust and was a person from whom an amount would be recoverable at the end of the trust’s 2006 taxation year under subsection (2) (as it read in its application to taxation years that end before 2007) in respect of the trust if the person had received before the trust’s 2007 taxation year amounts described under paragraph (2)(a) or (b) in respect of the trust (as those paragraphs read in their application to taxation years that end before 2007) (i) has, to the extent of the person’s recovery limit for the year, jointly and severally, or solidarily, with the trust and with each other such person, the rights and obligations of the trust in respect of the taxation years, of the trust, that end before 2007 under Divisions I and J, and (ii) is, to the extent of the person’s recovery limit for the year, subject to Part XV in respect of those rights and obligations; (f) if the trust (referred to in this paragraph as the “particular trust”) is an electing trust in respect of the particular taxation year, (i) an inter vivos trust (in this paragraph referred to as the “non-resident portion trust”) is deemed for the purposes of this Act (other than for the purposes of subsection 104(2)) (A) to be created at the first time at which the particular trust exists in its first taxation year in respect of which the particular trust is an electing trust, and (B) to continue in existence until the earliest of SUBDIVISION I Shareholders of Corporations Not Resident in Canada (I) the time at which the particular trust ceases to be resident in Canada because of subsection (5) or (5.1), (II) the time at which the particular trust ceases to exist, and (III) the time at which the particular trust becomes resident in Canada otherwise than because of this subsection, (ii) all of the particular trust’s property that is part of the particular trust’s non-resident portion is deemed to be the property of the non-resident portion trust and not to be, except for the purposes of this paragraph and the definition electing trust in subsection (1), the particular trust’s property, (iii) the terms and conditions of, and rights and obligations of beneficiaries under, the particular trust (determined by reference to all the circumstances including the terms of a trust, an intention, the laws of a country or the existence of an agreement, a memorandum, a letter of wishes or any other arrangement) are deemed to be the terms and conditions of, and rights and obligations of beneficiaries under, the non-resident portion trust, (A) the trustees of the particular trust are deemed to be the trustees of the non-resident portion trust, (B) the beneficiaries under the particular trust are deemed to be the beneficiaries under the non-resident portion trust, and (C) the non-resident portion trust is deemed not to have a resident contributor or connected contributor to it, (v) the non-resident portion trust is deemed to be, without affecting the liability of its trustees for their own income tax, in respect of its property an individual, (vi) if all or part of a property becomes at a particular time part of the particular trust’s non-resident portion and immediately before that time the property or that part, as the case may be, was part of its resident portion, the particular trust is deemed to have transferred at the particular time the property or that part, as the case may be, to the non-resident portion trust, SUBDIVISION I Shareholders of Corporations Not Resident in Canada (vii) if all or part of a property becomes at a particular time part of the particular trust’s resident portion and immediately before that time the property or that part, as the case may be, was part of its non-resident portion, the non-resident portion trust is deemed to have transferred at the particular time the property or that part, as the case may be, to the particular trust, (viii) the particular trust and the non-resident portion trust are deemed at all times to be affiliated with each other and not to deal with each other at arm’s length, (A) has jointly and severally, or solidarily, with the non-resident portion trust, the rights and obligations of the non-resident portion trust in respect of any taxation year under Divisions I and J, and (B) is subject to Part XV in respect of those rights and obligations, and (x) if the non-resident portion trust ceases to exist at a particular time (for greater certainty, as determined by clause (i)(B)) (A) the non-resident portion trust is deemed, at the time (referred to in this subparagraph as the “disposition time”) that is immediately before the time that is immediately before the particular time, to have (I) in the case of each property of the non-resident portion trust that is property described in any of subparagraphs 128.1(1)(b)(i) to (iv), disposed of the property for proceeds of disposition equal to the cost amount of it to the property at the disposition time, and (II) in the case of each other property of the non-resident portion trust, disposed of the property for proceeds of disposition equal to its fair market value of the property at the disposition time, (B) the particular trust is deemed to have acquired, at the time that is immediately before the particular time, each property described in subclause (A)(I) or (II) at a cost equal to the proceeds determined under that subclause in respect of the property, and (C) each person or partnership that is at the time immediately before the particular time a SUBDIVISION I Shareholders of Corporations Not Resident in Canada beneficiary under the non-resident portion trust is deemed (I) at the disposition time to have disposed of the beneficiary’s interest as a beneficiary under the non-resident portion trust for proceeds equal to the beneficiary’s cost amount in the interest at the disposition time, and (II) at the disposition time, to have ceased to be, other than for purposes of this clause, a beneficiary under the non-resident portion trust; and (g) if a person deducts or withholds any amount (referred to in this paragraph as the “withholding amount”) as required by section 215 from a particular amount paid or credited or deemed to have been paid or credited to the trust, and the particular amount has been included in the trust’s income for the particular taxation year, the withholding amount is deemed to have been paid on account of the trust’s tax under this Part for the particular taxation year.
exceeds (b) the total of Impôt sur le revenu
For greater certainty, paragraph (3)(a) does not deem a trust to be resident in Canada for the purposes of (b) subsections (8.1) and (8.2), paragraph (14)(a), subsections 70(6) and 73(1), the definition Canadian partnership in subsection 102(1), paragraph 107.4(1)(c), the definition individual disability trust in subsection 122(3), paragraph (a) of the definition mutual fund trust in subsection 132(6), the definition eligible trust in subsection 135.2(1) and subparagraph (b)(i) of the definition investment fund in subsection 251.2(1); (c) determining the liability of a person (other than the trust) that would arise under section 215; (e) determining whether, in applying subsection 128.1(4), the trust ceases to be resident in Canada at a particular time; (g) determining whether subsection 107(5) applies to a distribution on or after July 18, 2005, of property to the trust; and
A trust is deemed to cease to be resident in Canada at the earliest time at which there is neither a resident contributor to the trust nor a resident beneficiary under the trust in a taxation year (determined without reference to subsection 128.1(4)) of the trust (a) that immediately follows a taxation year of the trust throughout which it was deemed by subsection (3) to be resident in Canada for the purpose of computing its income; and (i) is non-resident, (ii) is not an exempt foreign trust, and (iii) has no resident contributor to it or resident beneficiary under it. Deemed cessation of residence — becoming an exempt foreign trust (5.1) A trust is deemed to cease to be resident in Canada at the earliest time at which the trust becomes an exempt foreign trust in a taxation year (determined without reference to subsection 128.1(4)) of the trust (a) that immediately follows a taxation year of the trust throughout which it was deemed by subsection (3) to be resident in Canada for the purpose of computing its income; and (i) there is a resident contributor to the trust or a resident beneficiary under the trust, and (ii) the trust is an exempt foreign trust. (5.2) If a trust is deemed by subsection (5) or (5.1) to cease to be resident in Canada at a particular time, the SUBDIVISION I Shareholders of Corporations Not Resident in Canada following rules apply to the trust in respect of the particular taxation year that is, as a result of that cessation of residence, deemed by subparagraph 128.1(4)(a)(i) to end immediately before the particular time: (a) the trust’s return of income for the particular taxation year is deemed to be filed with the Minister on a timely basis if it is filed with the Minister within 90 days from the end of the trust’s taxation year that is deemed by subparagraph 128.1(4)(a)(i) to start at the particular time; and (b) an amount that is included in the trust’s income (determined without reference to subsections 104(6) and (12)) for the particular taxation year but that became payable (determined without regard to this paragraph) by the trust in the period after the particular taxation year and before the end of the trust’s taxation year that is deemed by subparagraph 128.1(4)(a)(i) to start at the particular time, is deemed to have become payable by the trust immediately before the end of the particular taxation year and not at any other time.
If at a specified time in a trust’s taxation year it is an exempt foreign trust, at a particular time in the immediately following taxation year (determined without reference to this subsection) the trust ceases to be an exempt foreign trust (otherwise than because of becoming resident in Canada), and at the particular time there is a resident contributor to, or resident beneficiary under, the trust, (a) the trust’s taxation year (determined without reference to this subsection) that includes the particular time is deemed to have ended immediately before the particular time and a new taxation year of the trust is deemed to begin at the particular time; and (b) for the purpose of determining the trust’s fiscal period after the particular time, the trust is deemed not to have established a fiscal period before the particular time. Limit to amount recoverable
The maximum amount recoverable under the provisions referred to in paragraph (3)(d) at any particular time from a person in respect of a trust (other than a person that is deemed, under subsection (12) or (13), to be a contributor or a resident contributor to the trust) and a particular taxation year of the trust is the person’s recovery limit at the particular time in respect of the trust and the particular year if SUBDIVISION I Shareholders of Corporations Not Resident in Canada (i) the person is liable under a provision referred to in paragraph (3)(d) in respect of the trust and the particular year solely because the person was a resident beneficiary under the trust at a specified time in respect of the trust in the particular year, or (ii) at a specified time in respect of the trust in the particular year, the total of all amounts each of which is the amount, at the time it was made, of a contribution to the trust made before the specified time by the person or by another person or partnership not dealing at arm’s length with the person, is not more than the greater of (A) $10,000, and (B) 10% of the total of all amounts each of which was the amount, at the time it was made, of a contribution made to the trust before the specified time; (b) except if the total determined in subparagraph (a)(ii) in respect of the person and all persons or partnerships not dealing at arm’s length with the person is $10,000 or less, the person has filed on or before the particular time or within the time otherwise acceptable to the Minister for the purposes of subsection 233.2 all information returns required to be filed by the person before the particular time in respect of the trust (or on any later day that is acceptable to the Minister); and (c) it is reasonable to conclude that for each transaction that occurred before the end of the particular year at the direction of, or with the acquiescence of, the person (i) none of the purposes of the transaction was to enable the person to avoid or minimize any liability under a provision referred to in paragraph (3)(d) in respect of the trust, and (ii) the transaction was not part of a series of transactions any of the purposes of which was to enable the person to avoid or minimize any liability under a provision referred to in paragraph (3)(d) in respect of the trust.
l’alinéa 20(1)a). À cette fin, le bien est réputé constituer une catégorie prescrite distincte. Fait lié à la restriction de pertes (6.1) Si un contribuable a été assujetti à un fait lié à la restriction de pertes, la dernière fois, à un moment donné avant la fin d’une année d’imposition, la somme qui est déterminée à son égard pour l’année pour l’application de l’alinéa (1)h) relativement à une entreprise correspond à l’excédent éventuel de la somme visée à l’alinéa a) sur le total visé à l’alinéa b) : a) l’excédent éventuel : (i) du total des montants dont chacun représente : (A) une dépense visée aux alinéas (1)a) ou c) que le contribuable a effectuée avant ce moment, (B) la moins élevée des sommes déterminées à l’égard du contribuable immédiatement avant ce moment selon les sous-alinéas (1)b)(i) et (ii), en leur état au 29 mars 2012, relativement aux dépenses effectuées, et aux biens acquis, par le contribuable avant 2014, (C) la somme déterminée à l’égard du contribuable selon l’alinéa (1)c.1) pour son année d’imposition s’étant terminée immédiatement avant ce moment, sur le total des montants dont chacun représente : (ii) le total des sommes déterminées à l’égard du contribuable selon les alinéas (1)d) à g) pour son année d’imposition s’étant terminée immédiatement avant ce moment, (iii) la somme déduite en application du paragraphe (1) dans le calcul du revenu du contribuable pour son année d’imposition s’étant terminée immédiatement avant ce moment; b) le total des montants suivants : (i) si l’entreprise à laquelle il est raisonnable de considérer que les sommes visées à l’une des clauses a)(i)(A) à (C) se rapportent a été exploitée par le contribuable en vue de réaliser un profit ou avec une attente raisonnable de profit tout au long de l’année, le total des sommes suivantes : (A) le revenu du contribuable pour l’année provenant de l’entreprise, avant que soit effectuée une déduction en application du paragraphe (1), Definitions scientific research and experimental development [Repealed, 1996, c. 21, s. 9(8)] Interpretation
The recovery limit referred to in paragraph (3)(e) and subsection (7) at a particular time of a particular person in respect of a trust and a particular taxation year of the trust is the amount, if any, by which the greater of (a) the total of all amounts each of which is (i) an amount received or receivable after 2000 and before the particular time (A) by the particular person on the disposition of all or part of the person’s interest as a beneficiary under the trust, or (B) by a person or partnership (that was, when the amount became receivable, a specified party in respect of the particular person) on the disposition of all or part of the specified party’s interest as a beneficiary under the trust, (ii) an amount (other than an amount described in subparagraph (i)) made payable by the trust after 2000 and before the particular time to (A) the particular person because of the interest of the particular person as a beneficiary under the trust, or (B) a person or partnership (that was, when the amount became payable, a specified party in respect of the particular person) because of the interest of the specified party as a beneficiary under the trust, (iii) an amount received after August 27, 2010, by the particular person, or a person or partnership (that was, when the amount was received, a specified party in respect of the particular person), as a loan from the trust to the extent that the amount has not been repaid, (iv) an amount (other than an amount described in any of subparagraphs (i) to (iii)) that is the fair market value of a benefit received or enjoyed, after 2000 and before the particular time, from or under the trust by (B) a person or partnership that was, when the benefit was received or enjoyed, a specified party in respect of the particular person, or (v) the maximum amount that would be recoverable from the particular person at the end of the trust’s 2006 taxation year under subsection (2) (as it read in its application to taxation years that end before 2007) if the trust had tax payable under this Part at the end of the trust’s 2006 taxation year and that tax payable exceeded the total of the amounts described in respect of the particular person under paragraphs (2)(a) and (b) (as they read in their application to taxation years that ended before 2007), except to the extent that the amount so recoverable is in respect of an amount that is included in the particular person’s recovery limit because of subparagraph (i) or (ii), and (b) the total of all amounts each of which is the amount, when made, of a contribution to the trust before the particular time by the particular person, exceeds the total of all amounts each of which is (c) an amount recovered before the particular time from the particular person in connection with a liability of the particular person (in respect of the trust and the particular year or a preceding taxation year of the trust) that arose because of the application of subsection (3) (or the application of this section as it read in its application to taxation years that ended before 2007), (d) an amount (other than an amount in respect of which this paragraph applies in the case of any other person) recovered before the particular time from the particular person in connection with a liability of the particular person (in respect of the trust and the particular year or a preceding taxation year of the trust) that arose because of the application of subsection (3) (or the application of this section as it read in its application to taxation years that ended before 2007), or (e) the amount, if any, by which the particular person’s tax payable under this Part for any taxation year in which an amount described in any of subparagraphs (a)(i) to (iv) was paid, became payable, was received, became receivable or was enjoyed by the particular person exceeds the amount that would have been the particular person’s tax payable under this Part for that taxation year if no such amount were paid, became payable, were received, became receivable or were enjoyed by the particular person in that taxation year. (8.1) Subsection (8.2) applies at any time to a particular person, and to a particular property, in respect of a non-resident trust, if at that time (a) the particular person is resident in Canada; and (b) the trust holds the particular property on condition that the particular property or property substituted for the particular property (i) may (A) revert to the particular person, or (B) pass to one or more persons or partnerships to be determined by the particular person, or (ii) shall not be disposed of by the trust during the existence of the particular person, except with the particular person’s consent or in accordance with the particular person’s direction. Deemed transfer of restricted property (8.2) If this subsection applies at any time to a particular person, and to a particular property, in respect of a non-resident trust, then in applying this section in respect of the trust for a taxation year of the trust that includes that time (a) every transfer or loan made at or before that time by the particular person (or by a trust or partnership of which the particular person was a beneficiary or member, as the case may be) of the particular property, of another property for which the particular property is a substitute, or of property from which the particular property derives, or the other property derived, its value in whole or in part, directly or indirectly, is deemed to be a transfer or loan, as the case may be, by the particular person (i) that is not an arm’s length transfer, and (ii) that is, for the purposes of paragraph (2)(c) and subsection (9), a transfer or loan of restricted property; and (b) paragraph (2)(c) is to be read without reference to subparagraph (2)(c)(iii) in its application to each transfer and loan described in paragraph (a).
In this section, (B) dans le cas où des biens sont vendus, loués ou mis en valeur, ou des services rendus, dans le cadre de l’exploitation de l’entreprise avant ce moment, le revenu du contribuable pour l’année, avant que soit effectuée une déduction en application du paragraphe (1), provenant de toute autre entreprise dont la presque totalité du revenu est dérivée de la vente, de la location ou de la mise en valeur, selon le cas, de biens semblables ou de la prestation de services semblables, (ii) le total des sommes représentant chacune une somme, déterminée pour une année d’imposition antérieure du contribuable s’étant terminée après ce moment, égale à la moins élevée des sommes suivantes : (A) la somme déterminée selon le sous-alinéa (i) à l’égard du contribuable relativement à l’entreprise pour cette année antérieure, (B) la somme déduite relativement à l’entreprise en application du paragraphe (1) dans le calcul du revenu du contribuable pour cette année antérieure. Définitions
If a person or partnership contributes at any time restricted property to a trust, the amount of the contribution at that time is deemed, for the purposes of this section, to be the greater of (a) the amount, determined without reference to this subsection, of the contribution at that time, and (b) the amount that is the greatest fair market value of the restricted property, or property substituted for it, in the period that begins immediately after that time and ends at the end of the third calendar year that ends after that time. Contributor — resident in Canada within 60 months after contribution
Les définitions qui suivent s’appliquent au présent article. activités de recherche scientifique et de développement expérimental [Abrogée, 1996, ch. 21, art. 9] agréé Agréé par le ministre après qu’il a obtenu, s’il le juge nécessaire, l'avis du ministère de l’Industrie ou du Conseil national de recherches du Canada. (approved) Interprétation
In applying this section at each specified time, in respect of a trust’s taxation year, that is before the particular time at which a contributor to the trust becomes resident in Canada within 60 months after making a contribution to the trust, the contribution is deemed to have been made at a time other than a non-resident time of the contributor if (a) in applying the definition non-resident time in subsection (1) at each of those specified times, the contribution was made at a non-resident time of the contributor; and (b) in applying the definition non-resident time in subsection (1) immediately after the particular time, the contribution is made at a time other than a non-resident time of the contributor.
Dans le cadre du présent article : a) les mentions des dépenses afférentes aux activités de recherche scientifique et de développement expérimental : (i) lorsqu’elles figurent au paragraphe (2), se limitent : (A) aux dépenses dont chacune représente une dépense engagée pour des activités de recherche scientifique et de développement expérimental et qui y est attribuable en totalité, ou presque, (B) aux dépenses courantes directement attribuables, selon ce qui est prévu par règlement, à des activités de recherche scientifique et de développement expérimental, (III) [Repealed, 2012, c. 31, s. 9] (I) [Repealed, 2012, c. 31, s. 9] (III) [Repealed, 2012, c. 31, s. 9] (VI) [Repealed, 2012, c. 31, s. 9] (ii) lorsqu’elles figurent ailleurs qu’au paragraphe (2), se limitent : (A) aux dépenses engagées par un contribuable au cours d’une année d’imposition, sauf une année d’imposition pour laquelle le contribuable a fait le choix prévu à la division (B), représentant chacune : (I) soit une dépense courante attribuable en totalité, ou presque, à des activités de recherche scientifique et de développement expérimental exercées au Canada, ou à la fourniture, à ces fins, de locaux, d’installations ou de matériel, (II) soit une dépense courante directement attribuable, selon ce qui est déterminé par règlement, à des activités de recherche scientifique et de développement expérimental exercées au Canada, ou à la fourniture, à ces fins, de locaux, d’installations ou de matériel, (III) [Abrogé, 2012, ch. 31, art. 9] (B) si un contribuable en fait le choix sur formulaire prescrit et conformément au paragraphe (10) pour une année d’imposition, aux dépenses engagées par lui au cours de l’année, représentant chacune : (I) [Abrogé, 2012, ch. 31, art. 9] (II) soit une dépense de nature courante pour des activités de recherche scientifique et de développement expérimental exercées au Canada et entreprises directement pour le compte du contribuable, (III) [Abrogé, 2012, ch. 31, art. 9] (IV) soit la partie d’une dépense faite relativement à des frais engagés au cours de l’année pour le traitement ou le salaire d’un employé exerçant directement des activités de recherche scientifique et de développement expérimental au Canada, qui est raisonnablement considérée comme se rapportant à ce travail compte tenu du temps que l’employé y a consacré; à cette fin, la partie de dépense est réputée correspondre au montant de la dépense si elle en constitue la totalité, ou presque, (VI) soit le coût des matériaux consommés ou transformés dans le cadre d’activités de recherche scientifique et de développement expérimental exercées au Canada, (VII) [Abrogé, 2012, ch. 31, art. 9] b) il est entendu que les activités de recherche scientifique et de développement expérimental exercées en rapport avec une entreprise comprennent les activités de recherche scientifique et de développement expérimental susceptibles de provoquer ou de faciliter la croissance de cette entreprise; c) sauf si le contribuable obtient la totalité, ou presque, de ses recettes de l’exercice d’activités de recherche scientifique et de développement expérimental — y compris la vente de droits découlant de ces activités —, leur exercice n’est pas considéré comme une entreprise du contribuable à laquelle ces activités se rapportent; d) les dépenses de nature courante comprennent les dépenses faites par un contribuable, à l’exception de celles qu’il fait : (i) pour l’acquisition, auprès d’une personne ou d’une société de personnes, d’un bien qui est une immobilisation du contribuable, (ii) pour l’usage ou le droit d’usage d’un bien qui serait une immobilisation du contribuable s’il lui appartenait. Salary or wages
Subsections (12) and (13) apply to a trust or a person in respect of a trust if (a) at any time property of a trust (referred to in this subsection and subsections (12) and (13) as the “original trust”) is transferred or loaned, directly or indirectly, in any manner, to another trust (referred to in this subsection and subsections (12) and (13) as the “transferee trust”); (i) is deemed to be resident in Canada immediately before that time because of paragraph (3)(a), (ii) would be deemed to be resident in Canada immediately before that time because of paragraph
An expenditure of a taxpayer Limitation re specified employees Traitement ou salaire
(a) if this section, as it read in its application to the 2013 taxation year, were read without reference to paragraph (a) of the definition connected contributor in subsection (1) and paragraph (a) of the definition resident contributor in that subsection, (iii) was deemed to be resident in Canada immediately before that time because of subsection (1) as it read in its application to taxation years that end before 2007, or (iv) would have been deemed to be resident in Canada immediately before that time because of subsection (1) as it read in its application to taxation years that end before 2007 if that subsection were read in that application without reference to subclause (b)(i)(A)(III) of that subsection; and (c) it is reasonable to conclude that one of the reasons the transfer or loan is made is to avoid or minimize a liability under this Part that arose, or that would otherwise have arisen, because of the application of this section (or the application of this section as it read in its application to taxation years that end before 2007).
La dépense d’un contribuable : a) ne comprend pas, pour l’application des divisions (8)(a)(ii)(A) et (B), la rémunération fondée sur les bénéfices ni les gratifications, si la rémunération ou les gratifications se rapportent à un employé déterminé du contribuable; b) ne comprend, pour l’application de l’alinéa (1.5)a), une somme payée au titre des frais engagés pour le traitement ou salaire versé à un employé que si le contribuable a des motifs raisonnables de croire que le traitement ou salaire n’est pas assujetti à l’impôt sur le revenu ou sur les bénéfices levé par un gouvernement d’un pays étranger, en raison de la présence ou de l’activité de l’employé dans ce pays. Limite applicable aux employés déterminés (9.1) Pour l’application des divisions (8)(a)(ii)(A) et (B), sont exclues des dépenses qu’un contribuable engage au cours d’une année d’imposition celles qu’il a engagées au Income Tax PART I Income Tax DIVISION B Computation of Income
The original trust described in subsection (11) (including a trust that has ceased to exist) is deemed to be, at and after the time of the transfer or loan referred to in that subsection, a resident contributor to the transferee trust for the purpose of applying this section in respect of the transferee trust.
A × B/365 where (9.2) Where A × B/365 where Impôt sur le revenu
A person (including any person that has ceased to exist) that is, at the time of the transfer or loan referred to in subsection (11), a contributor to the original trust, is deemed to be at and after that time (b) a connected contributor to the transferee trust, if at that time the person is a connected contributor to the original trust.
A particular property that is, or will be, at any time held, loaned or transferred, as the case may be, by a particular person or partnership is not restricted property held, loaned or transferred, as the case may be, at that time by the particular person or partnership if (a) the following conditions are met: (i) the particular property (and property, if any, for which it is, or is to be, substituted) was not, and will not be, at any time acquired, held, loaned or transferred by the particular person or partnership (or any person or partnership with whom the particular person or partnership does not at any time deal at arm’s length) in whole or in part for the purpose of permitting any change in the value of the property of a corporation (that is, at any time, a closely held corporation) to accrue directly or indirectly in any manner whatever to the value of property held by a non-resident trust, (ii) the Minister is satisfied that the particular property (and property, if any, for which it is, or is to be, substituted) is described by subparagraph (i), and (iii) the particular property is identified in prescribed form, containing prescribed information, filed by, or on behalf of the particular person or partnership, with the Minister on or before (A) in the case of a person, the particular person’s filing-due date for the particular person’s taxation year that includes that time, (B) in the case of a partnership, the day on or before which a return is required by section 229 of the Income Tax Regulations to be filed in respect of the fiscal period of the particular partnership or would be required to be so filed if that section applied to the partnership, or (C) another date that is acceptable to the Minister; or (b) at that time (i) the particular property is (A) a share of the capital stock of a corporation, (B) a fixed interest in a trust, or (C) an interest, as a member of a partnership, under which, by operation of any law governing the arrangement in respect of the partnership, the liability of the member as a member of the partnership is limited, (ii) there are at least 150 persons each of whom holds at that time property that at that time (A) is identical to the particular property, and (B) has a total fair market value of at least $500, (iii) the total of all amounts each of which is the fair market value, at that time, of the particular property (or of identical property that is held, at that time, by the particular person or partnership or a person or partnership with whom the particular person or partnership does not deal at arm’s length) does not exceed 10% of the total of all amounts each of which is the fair market value, at that time, of the particular property or of identical property held by any person or partnership, (iv) property that is identical to the particular property can normally be acquired by and sold by members of the public in the open market, and (v) the particular property, or identical property, is listed on a designated stock exchange. Anti-avoidance
In applying this section, (a) if it can reasonably be considered that one of the main reasons that a person or partnership (i) is at any time a shareholder of a corporation is to cause the condition in paragraph (b) of the definition closely held corporation in subsection (1) to be satisfied in respect of the corporation, the condition is deemed not to have been satisfied at that time in respect of the corporation, (ii) holds at any time an interest in a trust is to cause the condition in clause (h)(ii)(A) of the definition exempt foreign trust in subsection (1) to be satisfied in respect of the trust, the condition is deemed not to have been satisfied at that time in respect of the trust, and (iii) holds at any time a property is to cause the condition described in subparagraph (14)(b)(ii) to be satisfied in respect of the property or an identical property held by any person, the condition is deemed not to have been satisfied at that time in respect of the property or the identical property; contributes to the trust property that is restricted property of the trust, or property for which restricted property of the trust is substituted, and the trust is at that specified time an exempt foreign trust by reason of paragraph (f) of the definition exempt foreign trust in subsection (1), the amount of the trust’s income for the taxation year from the restricted property, and the amount of any taxable capital gain from the disposition in the taxation year by the trust of the restricted property, shall be included in computing the income of the resident contributor for its taxation year in which that taxation year of the trust ends and not in computing the income of the trust for that taxation year of the trust; and (c) if at a specified time in a trust’s taxation year it is an exempt foreign trust by reason of paragraph (h) of the definition exempt foreign trust in subsection (1), at a time immediately before a particular time in the immediately following taxation year (determined without reference to subsection (6)) there is a resident contributor to, or resident beneficiary under, the trust, at the time that is immediately before the particular time a beneficiary holds a fixed interest in the trust, and at the particular time the interest ceases to be a fixed interest in the trust, (i) the trust is deemed, other than for purposes of subsection (6), not to be an exempt foreign trust at any time in the trust’s taxation year (referred to in this paragraph as its “assessment year”) that ends (for greater certainty as determined under paragraph (6)(a)) at the time that is immediately before the particular time, (ii) the trust shall include in computing its income for its assessment year an amount equal to the amount determined by the formula A is the amount by which the total of all amounts each of which is the fair market value of a property held by the trust at the end of its assessment year exceeds the total of all amounts each of which is the principal amount outstanding at the end of its assessment year of a liability of the trust, B is the amount by which the total of all amounts each of which is the fair market value of a property held by the trust at the earliest time at which there is a resident contributor to, or resident beneficiary under, the trust and at which the trust is an exempt foreign trust (referred to in this paragraph as the “initial time”) exceeds the total of all amounts each of which is the principal amount outstanding at the initial time of a liability of the trust, and C is the total of all amounts each of which is the amount of a contribution made to the trust in the period that begins at the initial time and ends at the end of its assessment year (in this paragraph referred to as the “interest gross-up period”), and (iii) if the trust is liable for tax for its assessment year, then throughout the period that begins at the trust’s balance-due day for each taxation year that ends in the interest gross-up period and ends at the balance-due day for its assessment year, the trust (in addition to any excess otherwise determined in respect of the trust under that subsection) deemed to have an excess for the purposes of subsection 161(1) equal to the amount determined by the formula A is the amount determined under subparagraph (ii) in respect of the trust for the particular taxation year, and B is the number of the trust’s taxation years that end in the interest gross-up period.
If at a specified time in respect of a trust for a taxation year of the trust (referred to in this subsection as the “trust’s year”), there is an electing contributor in respect of the trust, the following rules apply: (a) the electing contributor is required to include in computing their income for their taxation year (referred to in this subsection as the “contributor’s year”) in which the trust’s year ends, the amount determined by the formula A is the total of all amounts each of which is (i) if at or before the specified time the electing contributor has made a contribution to the trust and is not a joint contributor in respect of the trust and the contribution, the amount of the contribution, or (ii) if at or before the specified time the electing contributor has made a contribution to the trust and is a joint contributor in respect of the trust and the contribution, the amount obtained when the amount of the contribution is divided by the number of joint contributors in respect of the contribution, B is the total of all amounts each of which is the amount that would be determined under A for each resident contributor, or connected contributor, to the trust at the specified time if all of those contributors were electing contributors in respect of the trust, C is the trust’s income, computed without reference to paragraph (f), for the trust’s year, and D is the amount deducted by the trust under section 111 in computing its taxable income for the trust’s year; (b) subject to paragraph (c), the amount, if any, required by paragraph (a) to be included in the electing contributor’s income for the contributor’s year is deemed to be income from property from a source in Canada; (c) for the purposes of this paragraph, paragraph (d) and section 126, an amount in respect of the trust’s income for the trust’s year from a source in a country other than Canada is deemed to be income of the electing contributor for the contributor’s year from that source if (i) the amount is designated by the trust, in respect of the electing contributor, in the trust’s return of income under this Part for the trust’s year, (ii) the amount may reasonably be considered (having regard to all the circumstances including the terms and conditions of the trust) to be part of the amount that because of paragraph (a) was included in computing the income of the electing contributor for the contributor’s year, and (iii) the total of all amounts designated by the trust, under this paragraph or subsection 104(22) in respect of that source, in the trust’s return of income under this Part for the trust’s year is not greater than the trust’s income for the trust’s year from that source; (d) for the purposes of this paragraph and section 126, the electing contributor is deemed to have paid as business-income tax (in this subsection as defined by subsection 126(7)) or non-business-income tax (in this subsection as defined by subsection 126(7)), as the case may be, for the contributor’s year in respect of a source the amount determined by the formula A is the amount that, in the absence of subparagraph (e)(i), would be the business-income tax or non-business-income tax, as the case may be, paid by the trust in respect of that source for the trust’s year, B is the total of all amounts each of which is an amount designated under paragraph (c) in respect of that source by the trust in respect of the electing contributor in the trust’s return of income under this Part for the trust’s year, and C is the trust’s income for the trust’s year from that source; (e) in applying subsection 20(12) and section 126 in respect of the trust’s year there shall be deducted (i) in computing the trust’s income from a source for the trust’s year the total of all amounts each of which is an amount deemed by paragraph (c) to be income from that source of the electing contributor for the contributor’s year, and (ii) in computing the business-income tax or non-business-income tax paid by the trust for the trust’s year in respect of a source the total of all amounts in respect of that source each of which is an amount deemed by paragraph (d) to be paid by the electing contributor as business-income tax or non-business-income tax, as the case may be, in respect of that source; (f) in computing the trust’s income for the trust’s year there may be deducted the amount that does not exceed the amount included by reason of paragraph (a) in the electing contributor’s income for the contributor’s year; and (g) if before the specified time the electing contributor made a contribution to the trust as part of a series of transactions in which another person made the same contribution, in applying paragraphs (a) to (f) in respect of the electing contributor and the other person, the other person is deemed not to be a joint contributor in respect of the contribution if it can reasonably be considered that one of the main purposes of the series was to obtain the benefit of any deduction in computing income, taxable income or tax payable under SUBDIVISION I Shareholders of Corporations Not Resident in Canada Liability for joint contribution
cours de l’année au titre du traitement ou salaire de son employé déterminé, dans la mesure où elles dépassent le résultat du calcul suivant : A × B/365 où : A représente cinq fois le maximum des gains annuels ouvrant droit à pension, établi en l’article 18 du Régime de pensions du Canada, pour l’année civile dans laquelle l’année d’imposition prend fin; B le nombre de jours de l’année d’imposition où l’employé est un employé déterminé du contribuable. Sociétés associées (9.2) Pour l’application des divisions (8)a)(ii)(A) et (B) et si les conditions ci-après sont réunies, sont exclues des dépenses engagées par une société et par une autre société qui lui est associée (appelée « société associée » au présent paragraphe et au paragraphe (9.3)), au cours des années d’imposition se terminant dans une même année civile, celles qu’elles engagent au cours de ces années d’imposition au titre du traitement ou salaire d’un employé déterminé, sauf si elles ont présenté au ministre pour ces années une convention visée au paragraphe (9.3) : a) au cours de l’année d’imposition de la société qui se termine dans l’année civile, le particulier est l’employé déterminé de la société, b) les deux sociétés sont associées au cours d’une année d’imposition de la société associée qui se termine dans l’année civile; c) le particulier est un employé déterminé de la société associée au cours de l’année d’imposition de celle-ci qui se termine dans l’année civile. Convention entre sociétés associées (9.3) Lorsque les membres d’un groupe de sociétés associées dont un particulier est un employé déterminé présentent au ministre, pour leurs années d’imposition qui se terminent dans une même année civile, une convention par laquelle est attribué à l’un d’eux, ou réparti entre eux, pour ces années un montant relatif au particulier ne dépassant pas le résultat du calcul ci-après, le montant maximum qui peut être déduit au titre du traitement ou salaire du particulier pour l’application des divisions (8)a)(ii)(A) et (B) par chaque société pour chacune de ces années est le montant qui lui a été attribué pour chacune de ces années : A × B/365 A B Filing (9.5) For the purposes of subsections 37(9.2) and 37(9.3) and this subsection, each (a) individual related to a particular corporation, où : A représente cinq fois le maximum des gains annuels ouvrant droit à pension, établi selon l’article 18 du Régime de pensions du Canada, pour l’année civile; B le moins élevé de 365 et du nombre de jours de ces années d’imposition où le particulier était un employé déterminé d’une ou plusieurs des sociétés. Modalités de présentation (9.4) La convention visée au paragraphe (9.3) n’est considérée comme présentée au ministre que si : a) elle est présentée sur le formulaire prescrit; b) si le contribuable est une société, elle est accompagnée des documents suivants : (i) si ses administrateurs ont légalement le droit de gérer ses affaires, une copie certifiée de leur résolution autorisant la conclusion de la convention, (ii) sinon, une copie certifiée du document par lequel la personne qui a ce droit autorise la conclusion de la convention. Présomption (9.5) Pour l’application des paragraphes (9.2) et (9.3) et du présent paragraphe, chacune des entités suivantes est réputée être une société associée à une société : a) le particulier lié à la société; b) la société de personnes dont l’associé détenant une participation majoritaire est : (i) soit un particulier lié à la société, (ii) soit une société associée à la société; c) la société de personnes en commandite dont un des associés dont la responsabilité est illimitée est : (i) soit un particulier lié à la société, (ii) soit une société associée à la société. Income Tax PART I Income Tax DIVISION B Computation of Income
If, at or before a specified time in a trust’s taxation year (referred to in this subsection as the “trust’s year”), there is an electing contributor in respect of the trust who is a joint contributor in respect of a contribution to the trust, (a) each person who is a joint contributor in respect of the contribution (i) has, in respect of the contribution, jointly and severally, or solidarily, the rights and obligations under Divisions I and J of each other person (referred to in this subsection as the “specified person”) who is, at or before the specified time, a joint contributor in respect of that contribution, for the specified person’s taxation year in which the trust’s year ends, and (ii) is subject to Part XV in respect of those rights and obligations; and (b) the maximum amount recoverable under the provisions referred to in paragraph (a) at a particular time from the person in respect of the contribution and a taxation year, of another person who is the specified person, in which the trust’s year ends is the amount determined by the formula A is the total of the amounts payable by the specified person under this Part for the specified person’s taxation year in which the trust’s year ends, B is the amount that would be determined for A if the total of the amounts payable by the specified person under this Part for the particular specified person’s taxation year in which the trust’s year ends were computed without reference to the contribution, SUBDIVISION I Shareholders of Corporations Not Resident in Canada C is the amount recovered before the particular time from the specified person, and any other joint contributor in respect of the trust and the contribution, in connection with the liability of the specified person in respect of the contribution.
Filing requirement Failure to file Impôt sur le revenu
(a) that is a share of the capital stock of, an interest in, or a debt of, a non-resident entity (other than a controlled foreign affiliate of the taxpayer or a prescribed non-resident entity) or an interest in or a right or option to acquire such a share, interest or debt, and (b) that may reasonably be considered to derive its value, directly or indirectly, primarily from portfolio investments of that or any other non-resident entity in (i) shares of the capital stock of one or more corporations, (iii) interests in one or more corporations, trusts, partnerships, organizations, funds or entities, (ix) any combination of the foregoing, and it may reasonably be concluded, having regard to all the circumstances, including (c) the nature, organization and operation of any non-resident entity and the form of, and the terms and conditions governing, the taxpayer’s interest in, or connection with, any non-resident entity, SUBDIVISION i Shareholders of Corporations Not Resident in Canada (d) the extent to which any income, profits and gains that may reasonably be considered to be earned or accrued, whether directly or indirectly, for the benefit of any non-resident entity are subject to an income or profits tax that is significantly less than the income tax that would be applicable to such income, profits and gains if they were earned directly by the taxpayer, and (e) the extent to which the income, profits and gains of any non-resident entity for any fiscal period are distributed in that or the immediately following fiscal period, that one of the main reasons for the taxpayer acquiring, holding or having the interest in such property was to derive a benefit from portfolio investments in assets described in any of subparagraphs 94.1(1)(b)(i) to 94.1(1)(b)(ix) in such a manner that the taxes, if any, on the income, profits and gains from such assets for any particular year are significantly less than the tax that would have been applicable under this Part if the income, profits and gains had been earned directly by the taxpayer, there shall be included in computing the taxpayer’s income for the year the amount, if any, by which (f) the total of all amounts each of which is the product obtained when (i) the designated cost to the taxpayer of the offshore investment fund property at the end of a month in the year is multiplied by (A) the prescribed rate of interest for the period that includes that month, and (g) the taxpayer’s income for the year (other than a capital gain) from the offshore investment fund property determined without reference to this subsection.
In this section, designated cost to a taxpayer at any time in a taxation year of an offshore investment fund property that the taxpayer holds or has an interest in means the amount determined by the formula A is the cost amount to the taxpayer of the property at that time (determined without reference to paragraphs 53(1)(m) and 53(1)(q), subparagraph 53(2)(c)(i.3), paragraphs 53(2)(g) and 53(2)(g.1) and section 143.2), B is, where an additional amount has been made available by a person to another person after 1984 and before that time, whether by way of gift, loan, payment for a share, transfer of property at less than its fair market value or otherwise, in circumstances such that it may reasonably be concluded that one of the main reasons for so making the additional amount available to the other person was to increase the value of the property, the total of all amounts each of which is the amount, if any, by which such an additional amount exceeds any increase in the cost amount to the taxpayer of the property by virtue of that additional amount, C is the total of all amounts each of which is an amount included in respect of the offshore investment fund property by virtue of this section in computing the taxpayer’s income for a preceding taxation year, and (a) where the taxpayer has held or has had the interest in the property at all times since the end of 1984, the amount, if any, by which the fair market value of the property at the end of 1984 exceeds the cost amount to the taxpayer of the property at the end of 1984, or (b) in any other case, the total of (i) the amount, if any, by which the fair market value of the property at the particular time the taxpayer acquired the property exceeds the cost amount to the taxpayer of the property at the particular time, and (ii) the amount, if any, by which (A) the total of all amounts each of which is an amount that would have been included in respect of the property because of this section in computing the taxpayer’s income for a taxation year that began before June 20, 1996 if the cost to the taxpayer of the property were equal to the fair market value of the property at the particular time SUBDIVISION i Shareholders of Corporations Not Resident in Canada (B) the total of all amounts each of which is an amount that was included in respect of the property because of this section in computing the taxpayer’s income for a taxation year that began before June 20, 1996, non-resident entity at any time means (a) a corporation that is at that time non-resident, (b) a partnership, organization, fund or entity that is at that time non-resident or is not at that time situated in Canada, or
Where subsection 94.1(1) is applied with respect to an offshore investment fund property that was (a) held by the taxpayer on February 15, 1984, (b) received as a stock dividend in respect of a share of the capital stock of a non-resident entity held by the taxpayer on February 15, 1984, (c) received as a stock dividend in respect of a share of the capital stock of a non-resident entity that the taxpayer had previously received as described in paragraph 94.1(3)(b), or (d) substituted for a property held by the taxpayer on February 15, 1984 pursuant to an arrangement that existed on that date, the reference to “1984” in the descriptions of B and in the definition designated cost in subsection 94.1(2) shall be read as a reference to “1985”. Investments in non-resident commercial trusts
(a) the trust is at that time an exempt foreign trust (other than a trust described in any of paragraphs (a) to (g) of the definition exempt foreign trust in subsection 94(1)); (i) the total fair market value at that time of all fixed interests of a particular class in the trust held by the beneficiary, persons or partnerships not dealing at arm’s length with the beneficiary, or persons or partnerships that acquired their interests in the trust in exchange for consideration given to the trust by the beneficiary, is at least 10% of the total fair market value at that time of all fixed interests of the particular class, or (ii) the beneficiary or the particular person has at or before that time contributed restricted property to the trust; and (c) the beneficiary is at that time a (iii) controlled foreign affiliate of the particular person, or (iv) partnership of which a person described in any of subparagraphs (i) to (iii) is a member. Deemed corporation
Moment du choix
If this subsection applies at any time to a beneficiary under, or a particular person in respect of, a trust, then for the purposes of applying this section, section 18.2, subsections 91(1) to (4), paragraph 94.1(1)(a), section 95, the definition restricted interest and financing expense in subsection 111(8) and section 233.4 to the beneficiary under, and, if applicable, to the particular person in respect of, the trust (a) the trust is deemed to be at that time a non-resident corporation (i) controlled by each of the beneficiary and the particular person, and (ii) having, for each particular class of fixed interests in the trust, a separate class of capital stock of 100 issued shares that have the same attributes as the interests of the particular class; and (b) each beneficiary under the trust is deemed to hold at that time the number of shares of each separate class described in subparagraph (a)(ii) equal to the proportion of 100 that the fair market value at that time of that beneficiary’s fixed interests in the corresponding particular class of fixed interests in the trust is of the fair market value at that time of all fixed interests in the particular class. Relief from double tax (a) there may be deducted in computing the foreign accrual property income of the trust referred to in paragraph (2)(a) (in this subsection referred to as the “entity”) for a particular taxation year of the entity the amount that would, in the absence of this paragraph, be the portion of the entity’s foreign accrual property income that would have been included, if this Part were applicable to all beneficiaries of the entity, included under subsection 104(13) in computing the income of any beneficiary of the entity for the taxation year in which the particular taxation year of the entity ends; and (b) subsection 5904(2) of the Income Tax Regulations is to be read without reference to its paragraph (a) in determining the distribution entitlement of all the shares of a class of the capital stock of the entity at the end of the particular taxation year.
Un contribuable présente le formulaire indiquant le choix prévu à la division (8)a)(ii)(B) pour une année d’imposition le jour où il présente pour la première fois le formulaire visé au paragraphe (11) pour l’année. Renseignements à présenter
If the Minister sends a written request, served personally or by registered mail, to a taxpayer requesting additional information for the purpose of enabling the Minister to determine the fair market value of interests in a trust for the purpose of determining the application of subsections (1) to (3) for a taxation year to the taxpayer, and information that may reasonably be considered to be sufficient to make the determination is not received by the Minister within 120 days (or within any longer period that is acceptable to the Minister) after the Minister sends the request, then in applying this section for the SUBDIVISION i Shareholders of Corporations Not Resident in Canada taxation year to the taxpayer the fair market value of those interests is deemed to be the fair market value as reasonably determined by the Minister based on the information received by the Minister within 120 days (or within any longer period that is acceptable to the Minister) after the Minister sends the request and any other information the Minister considers reasonable. Definitions for this Subdivision active business of a foreign affiliate of a taxpayer means any business carried on by the foreign affiliate other than (a) an investment business carried on by the foreign affiliate, (b) a business that is deemed by subsection (2) to be a business other than an active business carried on by the foreign affiliate, or antecedent corporation of a particular corporation means (a) a predecessor corporation (within the meaning assigned by subsection 87(1)) in respect of an amalgamation to which subsection 87(11) applied and by which the particular corporation was formed, (b) a predecessor corporation (within the meaning of subsection 87(1)) of the corporation (referred to in this definition as the “first amalco”) that was formed on an amalgamation of the predecessor corporation and another corporation, where (i) shares of the capital stock of the predecessor corporation that were not owned by the other corporation, or by a corporation of which the other corporation is a subsidiary wholly-owned corporation, were exchanged on the amalgamation for shares of the capital stock of the first amalco that were, during the series of transactions or events that includes the amalgamation, redeemed, acquired or cancelled by the first amalco for money, (ii) the first amalco was a predecessor corporation (within the meaning assigned by subsection 87(1)) in respect of an amalgamation to which subsection 87(11) applied and by which the particular corpora- (iii) the amalgamation referred to in subparagraph (i) occurred in a series of transactions or events that included the amalgamation referred to in sub- (c) a corporation that was wound-up into the particu- lar corporation in a winding-up to which subsection filiate of a taxpayer means filiate is resident at the end of the taxation year, or (b) any currency that the taxpayer demonstrates to be controlled foreign affiliate, at any time, of a taxpayer resident in Canada, means (a) a foreign affiliate of the taxpayer that is, at that time, controlled by the taxpayer, or (b) a foreign affiliate of the taxpayer that would, at that time, be controlled by the taxpayer if the taxpayer owned (i) all of the shares of the capital stock of the for- eign affiliate that are owned at that time by the tax- eign affiliate that are owned at that time by persons who do not deal at arm’s length with the taxpayer, eign affiliate that are owned at that time by the per- sons (each of whom is referred to in this definition as a “relevant Canadian shareholder”), in any set of persons not exceeding four (which set of persons ence of or the absence of any relationship, connec- (A) are resident in Canada, (B) are not the taxpayer or a person described in subparagraph (ii), and (C) own, at that time, shares of the capital stock of the foreign affiliate, and designated acquired corporation of a taxpayer means a particular antecedent corporation of the taxpayer if (a) the taxpayer or another antecedent corporation of the taxpayer acquired control of (ii) a corporation (referred to in this definition as a “successor corporation”) of which the particular antecedent corporation is an antecedent corporation, (b) immediately before the acquisition of control or a series of transactions or events that include the acquisition of control, the taxpayer, the other antecedent corporation or a corporation resident in Canada of which the taxpayer or the other antecedent corporation is a subsidiary wholly-owned corporation, as the case may be, dealt at arm’s length (otherwise than because of a right referred to in paragraph 251(5)(b)) with the particular antecedent corporation or the successor corporation, as the case may be; (société acquise désignée) designated liquidation and dissolution, of a foreign affiliate (referred to in this definition as the “disposing affiliate”) of a taxpayer, means a liquidation and dissolution of the disposing affiliate in respect of which (a) the taxpayer had, immediately before the time of the earliest distribution of property by the disposing affiliate in the course of the liquidation and dissolution, a surplus entitlement percentage in respect of the disposing affiliate of not less than 90%, (b) both (i) the percentage determined by the following formula is greater than or equal to 90%: A is the amount, if any, by which (A) the total of all amounts each of which is the fair market value, at the time at which it is distributed, of a property that is distributed by the disposing affiliate, in respect of shares of the capital stock of the disposing affiliate, in the course of the liquidation and dissolution to one particular shareholder of the disposing affiliate that was, immediately before the time of the distribution, a foreign affiliate of the taxpayer (B) the total of all amounts each of which is an amount owing (other than an unpaid dividend) by, or an obligation of, the disposing affiliate that was assumed or cancelled by the particular shareholder in consideration for a property referred to in clause (A), and B is the amount, if any, by which (A) the total of all amounts each of which is the fair market value, at the time at which it is distributed, of a property that is distributed by the disposing affiliate, in respect of shares of the capital stock of the disposing affiliate, to a shareholder of the disposing affiliate in the course of the liquidation and dissolution (B) the total of all amounts each of which is an amount owing (other than an unpaid dividend) by, or an obligation of, the disposing affiliate that was assumed or cancelled by a shareholder of the disposing affiliate in consideration for a property referred to in clause (A), and (ii) at the time of each distribution of property by the disposing affiliate in the course of the liquidation and dissolution in respect of shares of the capital stock of the disposing affiliate, the particular shareholder holds shares of that capital stock that would, if an annual general meeting of the shareholders of the disposing affiliate were held at that time, entitle it to 90% or more of the votes that could be cast under all circumstances at the meeting, or (c) one particular shareholder of the disposing affiliate that was, throughout the liquidation and dissolution, a foreign affiliate of the taxpayer owns not less than 90% of the issued shares of each class of the capital stock of the disposing affiliate throughout the liquidation and dissolution; (liquidation et dissolution désignées) eligible trust, at any time, means a trust, other than a trust (a) created or maintained for charitable purposes, (b) governed by an employee benefit plan, (c) described in paragraph (a.1) of the definition trust in subsection 108(1), (e) operated for the purpose of administering or providing superannuation, pension, retirement or employee benefits, or (f) where the amount of income or capital that any entity may receive directly from the trust at any time as a beneficiary under the trust depends on the exercise by any entity of, or the failure by any entity to exercise, a discretionary power; (fiducie admissible) entity includes an association, a corporation, a fund, a natural person, a joint venture, an organization, a partnership, a syndicate and a trust; (entité) excluded property, at a particular time, of a foreign affiliate of a taxpayer means any property of the foreign affiliate that is (a) used or held by the foreign affiliate principally for the purpose of gaining or producing income from an active business carried on by it, (b) shares of the capital stock of another foreign affiliate of the taxpayer where all or substantially all of the fair market value of the property of the other foreign affiliate is attributable to property, of that other foreign affiliate, that is excluded property, (c) property all or substantially all of the income from which is, or would be, if there were income from the property, income from an active business (which, for this purpose, includes income that would be deemed to be income from an active business by paragraph (2)(a) if that paragraph were read without reference to subparagraph (vi)), or (c.1) property arising under or as a result of an agreement that (i) provides for the purchase, sale or exchange of currency, and (A) can reasonably be considered to have been made by the affiliate to reduce its risk, with respect to an amount that was receivable under an agreement that relates to the sale of excluded property or with respect to an amount that was receivable and was a property described in paragraph (c), of fluctuations in the value of the currency in which the amount receivable was denominated, or (B) can reasonably be considered to have been made by the affiliate to reduce its risk, with respect to any of the following amounts, of fluctuations in the value of the currency in which that amount was denominated: (I) an amount that was payable under an agreement that relates to the purchase of property that (at all times between the time of the acquisition of the property and the particular time) is excluded property of the affiliate, (II) an amount of indebtedness, to the extent that the proceeds derived from the issuance or incurring of the indebtedness can reasonably be considered to have been used to repay the outstanding balance of
Un contribuable présente au ministre relativement à toute dépense qu’il engagerait au cours d’une année d’imposition qui commence après 1995 compte non tenu du paragraphe 78(4), qu’il demande, en vertu du présent article, en déduction pour l’année, au plus tard douze mois après la date d’échéance de production qui lui est applicable pour l’année, un formulaire prescrit contenant, à la fois : a) les renseignements prescrits relativement à la dépense; b) les renseignements relatifs au préparateur, au sens du paragraphe 162(5.3). Défaut de présentation (11.1) Sous réserve du paragraphe (12), si les renseignements visés à l’alinéa (11)a) ne sont pas contenus dans le formulaire visé au paragraphe (11), aucun montant n’est déductible au titre de la dépense en application du paragraphe (1). Dépenses reclassifiées
Pour l’application de la présente loi, la dépense à l’égard de laquelle un contribuable n’a pas produit un formulaire prescrit en conformité avec le paragraphe (11) est réputée ne pas être une dépense relative à des activités de recherche scientifique et de développement expérimental. Travaux par des personnes ayant un lien de dépendance
Pour l’application du présent article et des articles 127 et 127.1, sont réputés être des activités de recherche scientifique et de développement expérimental les travaux qui, à la fois : a) sont exécutés par un contribuable pour une personne ou une société de personnes, à un moment où ils ne sont entre eux un lien de dépendance; b) seraient des activités de recherche scientifique et de développement expérimental s’ils étaient exécutés par la personne ou la société de personnes visée à l’alinéa a). Income Tax PART I Income Tax DIVISION B Computation of Income Sections 37-38 Look-through rule
and, for the purposes of the definitions foreign affiliate in this subsection and direct equity percentage in subsection 95(4) as they apply to this definition, where at any time a foreign affiliate of a taxpayer has an interest in a partnership, SUBDIVISION I Shareholders of Corporations Not Resident in Canada (d) the partnership shall be deemed to be a non-resident corporation having capital stock of a single class divided into 100 issued shares, and (e) the affiliate shall be deemed to own at that time that proportion of the issued shares of that class that (i) the fair market value of the affiliate’s interest in the partnership at that time is of (ii) the fair market value of all interests in the partnership at that time; (bien exclu) exempt trust, at a particular time in respect of a taxpayer resident in Canada, means a trust that, at that time, is a trust under which the interest of each beneficiary under the trust is, at all times that the interest exists during the trust’s taxation year that includes that particular time, a specified fixed interest of the beneficiary in the trust, if at the particular time (a) the trust is an eligible trust, (b) there are at least 150 beneficiaries each of whom has a specified fixed interest in the trust, that has a fair market value of at least $500, and (c) the total of all amounts each of which is the fair market value of an interest as a beneficiary under the trust held by a specified purchaser in respect of the taxpayer is not more than 10% of the total fair market value of all interests as a beneficiary under the trust; (fiducie exonérée) foreign accrual property income of a foreign affiliate of a taxpayer, for a taxation year of the affiliate, means the amount determined by the formula A is the amount that would, if section 80 did not apply to the affiliate for the year or a preceding taxation year, be the total of all amounts, each of which is the affiliate’s income for the year from property, the affiliate’s income for the year from a business other than an active business or the affiliate’s income for the year from a non-qualifying business of the affiliate, in each case that amount being determined as if each amount described in clause (2)(a)(ii)(D) that was paid or payable, directly or indirectly, by the affiliate to another foreign affiliate of the taxpayer or of a person with whom the taxpayer does not deal at arm’s length were an amount in respect of the income derived by the other foreign affiliate from that amount that was paid or payable to it by the affiliate was added in computing its income from an active business, other than (a) interest that would, by virtue of paragraph 81(1)(m), not be included in computing the income of the affiliate if it were resident in Canada, (b) a dividend from another foreign affiliate of the taxpayer, except for any portion of the dividend that would be deemed under subsection 113(5) not to be a dividend received by the affiliate on a share of the capital stock of the other affiliate for the purposes of section 113, if the affiliate were a corporation resident in Canada, (c) a taxable dividend to the extent that the amount thereof would, if the dividend were received by the taxpayer, be deductible by the taxpayer under section 112, or (d) any amount included because of subsection 80.4(2) in the affiliate’s income in respect of indebtedness to another corporation that is a foreign affiliate of the taxpayer or of a person resident in Canada with whom the taxpayer does not deal at arm’s length. A.1 is the total of all amounts included in computing the affiliate’s income from property or businesses (other than active businesses) for the year because of subsection 80(13), A.2 is the amount determined for G in respect of the affiliate for the preceding taxation year, B is the total of all amounts each of which is the portion of the affiliate’s income (to the extent that the income is not included under the description of A) for the year, or of the affiliate’s taxable capital gain for the year that can reasonably be considered to have accrued after its 1975 taxation year, from a disposition of property (a) that is not, at the time of disposition, excluded property of the affiliate, or C is, where the affiliate is a controlled foreign affiliate of the taxpayer, the amount that would be required to be included in computing its income for the year if (a) subsection 94.1(1) were applicable in computing that income, (b) the words “earned directly by the taxpayer” in that subsection were replaced by the words “earned by the person resident in Canada in SUBDIVISION I Shareholders of Corporations Not Resident in Canada respect of whom the taxpayer is a foreign affiliate”, (c) the words “other than a controlled foreign affiliate of the taxpayer or a prescribed non-resident entity” in paragraph 94.1(1)(a) were replaced by the words “other than a prescribed non-resident entity or a controlled foreign affiliate of a person resident in Canada of whom the taxpayer is a controlled foreign affiliate”, and (d) the words “other than a capital gain” in paragraph 94.1(1)(g) were replaced by the words “other than any income that would not be included in the taxpayer’s foreign accrual property income for the year if the value of C in the definition foreign accrual property income in subsection 95(1) were nil and other than a capital gain”, D is the total of all amounts, each of which is the affiliate’s loss for the year from property, the affiliate’s loss for the year from a business other than an active business of the affiliate or the affiliate’s loss for the year from a non-qualifying business of the affiliate, in each case that amount being determined as if there were not included in the affiliate’s income any amount described in any of paragraphs (a) to (d) of the definition of A and as if each amount described in clause (2)(a)(ii)(D) that was paid or payable, directly or indirectly, by the affiliate to another foreign affiliate of the taxpayer or of a person with whom the taxpayer does not deal at arm’s length were nil where an amount in respect of the income derived by the other foreign affiliate from that amount that was paid or payable to it by the affiliate was added in computing its income from an active business, E is the lesser of (a) the amount of the affiliate’s allowable capital losses for the year from dispositions of property (other than excluded property and property in respect of which an election is made by the taxpayer under subsection 88(3.3)) that can reasonably be considered to have accrued after its 1975 taxation year, and (b) the total of all amounts each of which is the portion of a taxable capital gain of the affiliate that is included in the amount determined for B in respect of the affiliate for the year, F is the prescribed amount for the year, F.1 is the lesser of (a) the prescribed amount for the year, and (b) the amount, if any, by which (i) the total of all amounts each of which is the portion of a taxable capital gain of the affiliate that is included in the amount determined for B in respect of the affiliate for the year (ii) the amount determined for E in respect of the affiliate for the year, G is the amount, if any, by which (a) the total of amounts determined for A.1 and A.2 in respect of the affiliate for the year (b) the total of all amounts determined for D to F.1 in respect of the affiliate for the year, and (a) if the affiliate was a member of a partnership at the end of the fiscal period of the partnership that ended in the year and the partnership received a dividend at a particular time in that fiscal period from a corporation that would be, if the reference in subsection 93.1(1) to “corporation resident in Canada” were a reference to “taxpayer resident in Canada”, a foreign affiliate of the taxpayer for the purposes of sections 93 and 113 at that particular time, then the portion of the amount of that dividend that (i) is included in the value determined for A in respect of the affiliate for the year and that would be, if the reference in subsection 93.1(2) to “corporation resident in Canada” were a reference to “taxpayer resident in Canada”, deemed by paragraph 93.1(2)(a) to have been received by the affiliate for the purposes of sections 93 and 113, and (ii) would not be deemed under subsection 113(5) not to be a dividend received by the affiliate on a share of the capital stock of the other affiliate for the purposes of section 113, if the affiliate were a corporation resident in Canada, and foreign accrual tax applicable to any amount included under subsection 91(1) in computing a taxpayer’s income for a taxation year of the taxpayer in respect of a particular foreign affiliate of the taxpayer means, subject to subsection 91(4.1), (a) the portion of any income or profits tax that may reasonably be regarded as applicable to that amount and that is paid by (i) the particular affiliate, (ii) another foreign affiliate (in paragraph (b) referred to as the “shareholder affiliate”) of the taxpayer where (A) the other affiliate has an equity percentage in the particular affiliate, (B) the income or profits tax is paid to a country other than Canada, and (C) the other affiliate, and not the particular affiliate, is liable for that tax under the laws of that country, or (iii) another foreign affiliate of the taxpayer in respect of a dividend received, directly or indirectly, from the particular affiliate, if that other affiliate has an equity percentage in the particular affiliate, and (b) any amount prescribed in respect of the particular affiliate or the shareholder affiliate, as the case may be, to be foreign accrual tax applicable to that amount; (impôt étranger accumulé) foreign affiliate, at any time, of a taxpayer resident in Canada means a non-resident corporation in which, at that time, (a) the taxpayer’s equity percentage is not less than 1%, and (b) the total of the equity percentages in the corporation of the taxpayer and of each person related to the taxpayer (where each such equity percentage is determined as if the determinations under paragraph (b) of the definition equity percentage in subsection 95(4) were made without reference to the equity percentage of any person in the taxpayer or in any person related to the taxpayer) is not less than 10%, foreign bank means an entity that would be a foreign bank within the meaning assigned by the definition of that expression in section 2 of the Bank Act if (a) that definition were read without reference to the portion thereof after paragraph (g) thereof, and (b) the entity had not been exempt under section 12 of that Act from being a foreign bank; (banque étrangère) income from an active business of a foreign affiliate of a taxpayer for a taxation year includes the foreign affiliate’s income for the taxation year that pertains to or is incident to that active business but does not include (a) the foreign affiliate’s income from property for the taxation year, (b) the foreign affiliate’s income for the taxation year from a business that is deemed by subsection (2) to be a business other than an active business of the foreign affiliate, or income from a non-qualifying business of a foreign affiliate of a taxpayer resident in Canada for a taxation year includes the foreign affiliate’s income for the taxation year that pertains to or is incident to that non-qualifying business, but does not include (a) the foreign affiliate’s income from property for the taxation year, or (b) the foreign affiliate’s income for the taxation year from a business that is deemed by subsection (2) to be a business other than an active business of the foreign affiliate; (revenu provenant d’une entreprise non admissible) income from property of a foreign affiliate of a taxpayer for a taxation year includes the foreign affiliate’s income for the taxation year from an investment business and the foreign affiliate’s income for the taxation year from an adventure or concern in the nature of trade, but does not include (a) the foreign affiliate’s income for the taxation year from a business that is deemed by subsection (2) to be a business other than an active business of the foreign affiliate, or (b) the foreign affiliate’s income for the taxation year that pertains to or is incident to (i) an active business of the foreign affiliate, or investment business of a foreign affiliate of a taxpayer means a business carried on by the foreign affiliate in a taxation year (other than a business deemed by subsection (2) to be a business other than an active business carried on by the foreign affiliate and other than a non-qualifying business of the foreign affiliate) the principal purpose of which is to derive income from property (including interest, dividends, rents, royalties or any similar returns or substitutes for such interest, dividends, rents, royalties or returns), income from the insurance or reinsurance of risks, income from the factoring of trade accounts receivable, or profits from the disposition of investment property, unless it is established by the taxpayer or the foreign affiliate that, throughout the period in the taxation year during which the business was carried on by the foreign affiliate, (a) the business (other than any business conducted principally with persons whom the affiliate does not deal at arm’s length) is (i) a business carried on by it as a foreign bank, a trust company, a credit union, an insurance corporation or a trader or dealer in securities or commodities, the activities of which are regulated under the laws (A) of each country in which the business is carried on through a permanent establishment in that country and of the country under whose laws the affiliate is governed and any of its exists, was (unless the affiliate was continued in any jurisdiction) formed or organized, or was last continued, (B) of the country in which the business is principally carried on, or (C) if the affiliate is related to a non-resident corporation, of the country under whose laws that non-resident corporation is governed and any of exists, was (unless that non-resident corporation was continued in any jurisdiction) formed or organized, or was last continued, if those regulating laws are recognized under the laws of the country in which the business is principally carried on and all of those countries are members of the European Union, or (ii) the development of real property or immovables for sale, the lending of money, the leasing or licensing of property or the insurance or reinsurance of risks, (i) the affiliate (otherwise than as a member of a partnership) carries on the business (the affiliate being, in respect of those times, in that period of the year, that it so carries on the business, referred to in paragraph (c) as the “operator”), or (ii) the affiliate carries on the business as a qualifying member of a partnership (the partnership being, in respect of those times, in that period of the year, that the affiliate so carries on the business, referred to in paragraph (c) as the “operator”), and (c) the operator employs (i) more than five employees full time in the active conduct of the business, or (ii) the equivalent of more than five employees full time in the active conduct of the business taking into consideration only (A) the services provided by employees of the operator, and (B) the services provided outside Canada to the operator by any one or more persons each of whom is, during the time at which the services were performed for the person, an employee of (I) a corporation related to the affiliate (otherwise than because of a right referred to in paragraph 251(5)(b)), (II) in the case where the operator is the affiliate,
NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 37.1; 1998, c. 19, s. 87. SUBDIVISION C Taxable capital gain and allowable capital loss (i) la disposition consiste à faire don à un donataire reconnu d’une action, d’une créance ou d’un droit coté à une bourse de valeurs désignée, d’une action du capital-actions d’une société de placement à capital variable, d’une part d’une fiducie de fonds commun de placement, d’une participation dans une fiducie créée à l’égard du fonds réservé, au sens de l’alinéa 138.1(1)a), ou d’une créance visée par règlement, (ii) la disposition est réputée, aux termes de l’article 70, avoir été effectuée, et le bien, à la fois : (A) est un titre visé au sous-alinéa (i), (B) fait l’objet d’un don — auquel le paragraphe 118.1(5.1) s’applique — fait par la succession du contribuable à un donataire reconnu; (iii) la disposition consiste à échanger, contre un titre visé au sous-alinéa (i), une action du capital-actions d’une société, laquelle action prévoyait, au moment de son émission et au moment de la disposition, une condition autorisant le titulaire à l’échanger contre le titre, et le contribuable, à la fois : (A) ne reçoit, en contrepartie de l’échange, que le titre, (B) fait don du titre à un donataire reconnu au plus tard 30 jours après l’échange; a.2) le gain en capital imposable d’un contribuable pour une année d’imposition, tiré de la disposition d’un bien, est égal à zéro si, selon le cas : (i) la disposition consiste à faire don à un donataire reconnu (à l’exception d’une fondation privée) d’un bien visé, en ce qui concerne le contribuable, à l’alinéa 110.1(1)d) ou à la définition de total des dons écologiques au paragraphe 118.1(1), (ii) la disposition est réputée, aux termes de l’article 70, avoir été effectuée, et le bien, à la fois : (A) est visé au sous-alinéa (i), (B) fait l’objet d’un don — auquel le paragraphe 118.1(5.1) s’applique — fait par la succession du contribuable à un donataire reconnu (à l’exception d’une fondation privée); a.3) le gain en capital imposable d’un contribuable pour une année d’imposition, tiré de la disposition d’une participation dans une société de personnes (à Income Tax PART I Income Tax DIVISION B Computation of Income
(III) in the case where the operator is the partnership described in subparagraph (b)(ii),
(A) the total of exceeds [NOTE: Application provisions are not included in this consolidated text: see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 38; 1988, c. 19, s. 6; 2001, c. 17, s. 22; 2002, c. 9, s. 22; 2002, c. 8, s. 51; 2007, c. 35, s. 15; 2016, c. 28, s. 4; 2014, c. 39, s. 9; 2016, c. 12, s. 12. Impôt sur le revenu
if the corporations referred to in subclause (B)(I) and the designated corporations, designated partnerships, providing shareholders or providing members referred to in subclauses (B)(II) and (III) receive compensation from the operator for the services provided to the operator by those employees the value of which is not less than the cost to those corporations, partnerships, shareholders or members of the compensation paid or accruing to the benefit of those employees that performed the services during the time at which the services were performed by those employees; (entreprise de placement) investment property of a foreign affiliate of a taxpayer includes (a) a share of the capital stock of a corporation other than a share of another foreign affiliate of the taxpayer that is excluded property of the affiliate, (b) an interest in a partnership other than an interest in a partnership that is excluded property of the affiliate, (c) an interest in a trust other than an interest in a trust that is excluded property of the affiliate, (e) commodities or commodities futures purchased or sold, directly or indirectly in any manner whatever, on a commodities or commodities futures exchange (except commodities manufactured, produced, grown, extracted or processed by the affiliate or a person to whom the affiliate is related (otherwise than because of a right referred to in paragraph 251(5)(b)) or commodities futures in respect of such commodities), (h) Canadian and foreign resource properties, (i) interests in funds or entities other than corporations, partnerships and trusts, and (j) interests in, or for civil law rights in, or options in respect of, property that is included in any of paragraphs (a) to (i); (bien de placement) lease obligation of a person includes an obligation under an agreement that authorizes the use of or the production or reproduction of property including information or any other thing; (obligation découlant d’un bail) lending of money by a person (for the purpose of this definition referred to as the “lender”) includes SUBDIVISION I Shareholders of Corporations Not Resident in Canada (a) the acquisition by the lender of trade accounts receivable (other than trade accounts receivable owing by a person with whom the lender does not deal at arm’s length) from another person or the acquisition by the lender of any interest in any such accounts receivable, (b) the acquisition by the lender of loans made by and lending assets (other than loans or lending assets owing by a person with whom the lender does not deal at arm’s length) of another person or the acquisition by the lender of any interest in such a loan or lending asset, (c) the acquisition by the lender of a foreign resource property (other than a foreign resource property that is a rental or royalty payable by a person with whom the lender does not deal at arm’s length) of another person, and (d) the sale by the lender of loans or lending assets (other than loans or lending assets owing by a person with whom the lender does not deal at arm’s length) or the sale by the lender of any interest in such loans or lending assets; and for the purpose of this definition, the definition lending asset in subsection 248(1) shall be read without the words “but does not include a prescribed property”; non-qualifying business of a foreign affiliate of a taxpayer at any time means a business carried on by the foreign affiliate through a permanent establishment in a jurisdiction that, at the end of the foreign affiliate’s taxation year that includes that time, is a non-qualifying country, other than (a) an investment business of the foreign affiliate, or (b) a business that is deemed by subsection (2) to be a business other than an active business of the foreign affiliate; (entreprise non admissible) non-qualifying country, at any time, means a country or other jurisdiction (a) with which Canada neither has a tax treaty at that time nor has, before that time, signed an agreement that will, on coming into effect, be a tax treaty, (a.1) for which, if the time is after February 2014, the Convention on Mutual Administrative Assistance in Tax Matters — concluded at Strasbourg on January 25, 1988, as amended from time to time by a protocol, or other international instrument, as ratified by Canada — is at that time not in force and does not have effect, (b) with which Canada does not have a comprehensive tax information exchange agreement that is in force and has effect at that time, and (c) with which Canada has, more than 60 months before that time, either (i) begun negotiations for a comprehensive tax information exchange agreement (unless that time is before 2014 and Canada was, on March 19, 2007, in the course of negotiating a comprehensive tax information exchange agreement with that jurisdiction), or (ii) sought, by written invitation, to enter into negotiations for a comprehensive tax information exchange agreement (unless that time is before 2014 and Canada was, on March 19, 2007, in the course of negotiating a comprehensive tax information exchange agreement with that jurisdiction); (pays non admissible) participating percentage of a particular share owned by a taxpayer of the capital stock of a corporation in respect of any foreign affiliate of the taxpayer that was, at the end of its taxation year, a controlled foreign affiliate of the taxpayer is (a) where the foreign accrual property income of the affiliate for that year is $5,000 or less, nil, and (b) where the foreign accrual property income of the affiliate for that year exceeds $5,000, (i) the percentage that would be the taxpayer’s equity percentage in the affiliate at the end of that taxation year on the assumption that the taxpayer owned no shares other than the particular share (but in no case shall that assumption be made for the purpose of determining whether or not a corporation is a foreign affiliate of the taxpayer) if (A) the affiliate and each corporation that is relevant to the determination of the taxpayer’s equity percentage in the affiliate have, at that time, only one class of issued shares, and (B) no foreign affiliate (referred to in this clause as the “upper-tier affiliate”) of the taxpayer that is relevant to the determination of the taxpayer’s equity percentage in the affiliate has, at that time, an equity percentage in a foreign affiliate (including, for greater certainty, the affiliate) of the taxpayer that has an equity percentage in the upper-tier affiliate, and permanent establishment has the meaning assigned by regulation; (établissement stable) relevant tax factor, of a person or partnership for a taxation year, means (a) in the case of a corporation, or of a partnership all the members of which, other than non-resident persons, are corporations, the quotient obtained by the formula A is the percentage set out in paragraph 123(1)(a), and (i) in the case of a corporation, the percentage that is the corporation’s general rate reduction percentage (as defined by section 123.4) for the taxation year, and (ii) in the case of a partnership, the percentage that would be determined under subparagraph (i) in respect of the partnership if the partnership were a corporation whose taxation year is the partnership’s fiscal period, and specified fixed interest, at any time, of an entity in a trust, means an interest of the entity as a beneficiary under the trust if (a) the interest includes, at that time, rights of the entity as a beneficiary under the trust to receive, at or after that time and directly from the trust, income and capital of the trust, (b) the interest was issued by the trust, at or before that time, to an entity, in exchange for consideration and that the fair market value, at the time at which the interest was issued, of that consideration was equal to the fair market value, at the time at which it was issued, of the interest, (c) the only manner in which any part of the interest may cease to be the entity’s is by way of a disposition (determined without reference to paragraph (i) of the definition disposition in subsection 248(1) and paragraph 248(8)(c)) by the entity of that part, and (d) no amount of income or capital of the trust that any entity may receive directly from the trust at any time as a beneficiary under the trust depends on the exercise by any entity of, or the failure by any entity to exercise, a discretionary power; (participation fixe désignée) specified person or partnership, in respect of a taxpayer, at any time means the taxpayer or a person (other than a designated acquired corporation of the taxpayer), or a partnership, that is at that time (a) a person (other than a partnership) that is resident in Canada and does not, at that time, deal at arm’s length with the taxpayer, (c) a foreign affiliate of (i) the taxpayer, (ii) a person that is at that time a specified person or partnership in respect of the taxpayer under this definition because of paragraph (a) or (b), or (iii) a partnership that is at that time a specified person or partnership in respect of the taxpayer under this definition because of paragraph (d), or (b) a predecessor corporation (within the meaning assigned by subsection 87(1)) in respect of an amalgamation by which the particular corporation was formed, or specified purchaser, at any time, in respect of a particular taxpayer resident in Canada, means an entity that is, at that time, (b) an entity resident in Canada with which the particular taxpayer does not deal at arm’s length, (d) a trust (other than an exempt trust) in which an entity described in any of paragraphs (a) to (c) and (e) and (f) is beneficially interested, surplus entitlement percentage, at any time, of a taxpayer in respect of a foreign affiliate has the meaning assigned by regulation; (pourcentage de droit au surplus) taxable Canadian business, at any time, of a foreign affiliate of a taxpayer resident in Canada or of a partnership of which a foreign affiliate of a taxpayer resident in Canada is a member (which foreign affiliate or partnership is referred to in this definition as the “operator”), means a business the income from which (a) is, or would be if there were income from the business for the operator’s taxation year or fiscal period that includes that time, included in computing the foreign affiliate’s taxable income earned in Canada for a taxation year under subparagraph 115(1)(a)(ii), and (b) is not, or would not be if there were income from the business for the operator’s taxation year or fiscal period that includes that time, exempt, because of a tax treaty with a country, from tax under this Part; (entreprise canadienne imposable) taxation year in relation to a foreign affiliate of a taxpayer means the period for which the accounts of the foreign affiliate have been ordinarily made up, but no such period may exceed 53 weeks; (année d’imposition) trust company includes a corporation that is resident in Canada and that is a loan company as defined in subsection 2(1) of the Canadian Payments Act. (société de fiducie) British Virgin Islands (1.1) For the purposes of paragraph (b) of the definition *non-qualifying country* in subsection (1), the British Overseas Territory of the British Virgin Islands is deemed to have a comprehensive tax information exchange agreement with Canada that is in force and has effect after 2013 and before March 11, 2014.
For the purposes of this Subdivision, (a) in computing the income or loss from an active business for a taxation year of a particular foreign affiliate of a taxpayer in respect of which the taxpayer has a qualifying interest throughout the year or that is a controlled foreign affiliate of the taxpayer throughout the year, there shall be included any income or loss of the particular foreign affiliate for the year from sources in a country other than Canada that would otherwise be income or loss from property of the particular foreign affiliate for the year to the extent that (A) is derived by the particular foreign affiliate from activities of the particular foreign affiliate, or of a particular partnership of which the particular foreign affiliate is a member, to the extent that the activities occur while the particular affiliate is a qualifying member of the particular partnership that can reasonably be considered to be directly related to active business activities carried on in a country other than Canada by (I) another foreign affiliate of the taxpayer in respect of which the taxpayer has a qualifying interest throughout the year, (II) a life insurance corporation that is resident in Canada throughout the year and that is
l’exception d’une telle participation visée par règlement) qui serait un échange visé au sous-alinéa a.1)(iii) si la participation était une action du capital-actions d’une société, correspond à la moins élevée des sommes suivantes : (i) le montant de ce gain en capital imposable, déterminé compte non tenu du présent alinéa, (ii) la moitié de l’excédent de la somme visée à la division (A) sur celle visée à la division (B) : (A) le total des sommes suivantes : (I) le coût de la participation pour le contribuable, (II) chaque somme qui, selon le sous-alinéa 53(1)e)(iv) ou (x), est à ajouter dans le calcul du prix de base rajusté de la participation pour le contribuable, (B) le prix de base rajusté de la participation pour le contribuable (déterminé compte non tenu des sous-alinéas 53(2)c)(iv) et (v)); b) la perte en capital déductible d’un contribuable, pour une année d’imposition, résultant de la disposition d’un bien est égale à la moitié de la perte en capital que le contribuable a subie, pour l’année, à la disposition du bien; c) la perte déductible au titre d’un placement d’entreprise d’un contribuable, pour une année d’imposition, résultant de la disposition d’un bien est égale à la moitié de la perte au titre d’un placement d’entreprise que le contribuable a subie, pour l’année, à la disposition du bien. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification : voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 38; 1988, ch. 19, art. 6; 2001, ch. 17, art. 22; 2002, ch. 9, art. 22; 2002, ch. 8, art. 51; 2007, ch. 35, art. 15; 2008, ch. 28, art. 4; 2014, ch. 39, art. 9; 2016, ch. 12, art. 12. Opération à imposition différée — actions accréditives
a) si le transfert du bien acquis fait partie d’un arrangement de don, au sens de l’article 237.1, ou d’une opération ou d’une série d’opérations à laquelle le paragraphe 98(3) s’applique ou que le cédant est une personne avec laquelle le contribuable ne concluait un lien A × B where Allocation of gain re certain gifts Meaning of capital gain and capital loss (i) [Repealed, 2016, c. 12, s. 13] (ii) a Canadian resource property, (ii.1) a foreign resource property, (iv) a timber resource property; or Income Tax PART I Income Tax DIVISION B Computation of Income
(i) depreciable property, or (v) d’un avoir forestier; (iv) de la participation d’un bénéficiaire dans une fiducie pour l’environnement admissible; b) une perte en capital subie par un contribuable, pour une année d’imposition, du fait de la disposition d’un bien quelconque est la perte qu’il a subie au cours de l’année, déterminée conformément à la présente sous-section (jusqu’à concurrence du montant de cette perte qui ne serait pas déductible, si l’article 3 était lu de la manière indiquée à l’alinéa a) du présent paragraphe et compte non tenu du passage « et des pertes déductibles au titre d’un placement d’entreprise subies par le contribuable pour l’année » à l’alinéa 3d), dans le calcul de son revenu pour l’année ou pour toute autre année d’imposition) du fait de la disposition d’un bien quelconque de ce contribuable, à l’exception : (i) d’un bien amortissable, (ii) d’un bien visé à l’un des sous-alinéas a)(ii) à (iii) et (v); c) une perte au titre d’un placement d’entreprise subie par un contribuable, pour une année d’imposition, résultant de la disposition d’un bien quelconque s’entend de l’excédent éventuel de la perte en capital que le contribuable a subie pour l’année résultant d’une disposition, après 1977 : (i) soit à laquelle le paragraphe 50(1) s’applique, (ii) soit en faveur d’une personne avec laquelle il n’avait aucun lien de dépendance, d’un bien qui est : (iii) soit une action du capital-actions d’une société exploitant une petite entreprise, (iv) soit une créance du contribuable sur une société privée sous contrôle canadien (autre qu’une créance, si le contribuable est une société, sur une société avec laquelle il a un lien de dépendance) qui est : (A) une société exploitant une petite entreprise, (B) un failli qui était une société exploitant une petite entreprise au moment où il est devenu un failli pour la dernière fois, (C) une personne morale visée à l’article 6 de la Loi sur les liquidations et les restructurations qui était insolvable, au sens de cette loi, et qui était une société exploitant une petite entreprise au moment où une ordonnance de mise en liquidation a été rendue à son égard aux termes de cette loi, sur le total des montants suivants : (vi) dans le cas d’une action visée au sous-alinéa (iii), le montant de l’augmentation, après 1977, en vertu de l’application du paragraphe 85(4), du prix de base rajusté, pour le contribuable, de l’action ou de toute action (appelée « action de remplacement » au présent sous-alinéa) pour laquelle l’action ou une action de rechange a été remplacée ou échangée, (vii) dans le cas d’une action visée au sous-alinéa (vi) et émise avant 1972 ou d’une action (appelée « action de remplacement » au présent sous-alinéa et au sous-alinéa (vii)) qui a remplacé cette action ou une action de remplacement ou qui a été échangée contre l’une ou l’autre, l’ensemble des montants dont chacun est un montant reçu après 1971, mais avant la disposition de l’action ou lors de cette disposition, ou un montant à recevoir au moment de cette disposition, à titre de dividende imposable sur l’action ou sur toute autre action à l’égard de laquelle cette action est une action de remplacement, (A) le contribuable, (B) son époux ou conjoint de fait si le contribuable est un particulier, (C) une fiducie dont le contribuable ou son époux ou conjoint de fait était bénéficiaire; toutefois le présent sous-alinéa ne s’applique pas à une action ou action de remplacement acquise après 1971 auprès d’une personne avec qui le contribuable n’avait aucun lien de dépendance, (vii) dans le cas d’une action à laquelle le sous-alinéa (vi) s’applique et lorsque le contribuable est une fiducie à l’égard de laquelle un jour doit être déterminé en application des alinéas 104(4)a) ou a.4), ou l’a été, relativement à un décès ou à un décès postérieur, selon le cas, le total des montants dont chacun est un montant reçu après 1971 ou recevable au moment de la disposition à titre de dividende imposable sur l’action ou sur toute autre action à l’égard de laquelle elle est une action de remplacement par un particulier dont le décès est le décès ou le décès postérieur en cause ou par l’époux ou le conjoint de fait du particulier, (a) subsection (1) does not apply to any of the particular gains or losses; A - (B + C) where D - (E + F) where présent paragraphe, serait un gain en capital ou une perte en capital auquel s’applique le paragraphe (1) ou (1.1) et sauf en gain ou une perte relatif à une opération ou à un événement concernant des actions du capital-actions du contribuable), les règles ci-après s’appliquent : a) le montant du gain, jusqu’à concurrence du montant de celui-ci qui, si l’article 3 était lu de la manière indiquée à l’alinéa (1)a), ne serait pas inclus dans le calcul du revenu du contribuable pour l’année ou pour toute autre année d’imposition, est réputé être un gain en capital du contribuable pour l’année, tiré de la disposition d’une monnaie autre que la monnaie canadienne; b) le montant de la perte, jusqu’à concurrence du montant de celle-ci qui, si l’article 3 était lu de la manière indiquée à l’alinéa (1)a), ne serait pas déductible dans le calcul du revenu du contribuable pour l’année ou pour toute autre année d’imposition, est réputé être une perte en capital du contribuable pour l’année, résultant de la disposition d’une monnaie autre que la monnaie canadienne. Gain réputé — dette remisée (2.01) Pour l’application du paragraphe (2), si une dette due par un contribuable (appelé débiteur au présent paragraphe et aux paragraphes (2.02) et (2.03)) est libellée en monnaie étrangère et que la dette est devenue une dette remisée à un moment donné, le débiteur est réputé avoir réalisé à ce moment le gain éventuel qu’il aurait par ailleurs réalisé s’il avait payé, à ce moment, en règlement de la dette, un montant égal à celui des montants ci-après qui s’applique : a) si la dette est devenue une dette remisée à ce moment en raison de son acquisition par le détenteur de la dette, le montant payé par le détenteur pour acquérir la dette; b) sinon, la juste valeur marchande de la dette à ce moment. Dette remisée (2.02) Pour l’application du paragraphe (2.01), est une dette remisée à un moment donné la dette à l’égard de laquelle, à la fois : a) les énoncés ci-après se vérifient : (i) au moment donné, le détenteur de la dette a un lien de dépendance avec le débiteur ou, si le débiteur est une société, a une participation notable dans le débiteur, Interpretation (2.03) For the purposes of subsections (2.01) and (2.02), (a) in the case of a capital gain (iii) à un moment antérieur au moment donné, une personne qui détenait la dette n’avait aucun lien de dépendance avec le débiteur et, si le débiteur est une société, n’avait pas de participation notable dans le débiteur; b) il est raisonnable de considérer que l’un des principaux objets de l’opération ou de l’événement, ou de la série d’opérations ou d’événements, ayant fait en sorte que la dette remplit la condition énoncée au sous-alinéa a)(i) est d’éviter l’application du paragraphe (2). Interprétation (2.03) Pour l’application des paragraphes (2.01) et (2.02), les règles ci-après s’appliquent : a) l’alinéa 80(2)(g) s’applique afin de déterminer si deux personnes sont liées l’une à l’autre ou si une personne est contrôlée par une autre personne; b) l’alinéa 80.01(2)(b) s’applique afin de déterminer si une personne a une participation notable dans une société. Prêts en amont — compensation transitoire (2.1) Si, à un moment donné, une société résidant au Canada ou une société de personnes dont une telle société est un associé (appelées « emprunteur » au présent paragraphe et aux paragraphes (2.2) et (2.3)) a reçu un prêt ou est devenue débitrice d’un créancier qui est soit une société étrangère affiliée (appelée « société affiliée créancière » au présent paragraphe et aux paragraphes (2.2) et (2.3)) d’une entité admissible, soit une société de personnes (appelée « société de personnes créancière » au présent paragraphe et au paragraphe (2.3)) dont une telle société affiliée est un associé et que le prêt ou la dette est remboursé en tout ou en partie à un moment ultérieur, celle des sommes ci-après qui est applicable est appliquée en réduction du gain en capital ou de la perte en capital de l’emprunteur, déterminé, en l’absence du présent paragraphe, relativement au remboursement : a) s’agissant d’un gain en capital : (i) dans le cas où le créancier est une société affiliée créancière, le moins élevé du gain en capital et du montant égal au double de la somme qui correspond au montant qui serait — en l’absence du sous-alinéa 40(2)(g)(ii) et de l’alinéa 95(2)(g.04) et sur l’hypothèse que la perte en capital de la société affiliée créancière relativement au remboursement du prêt ou de la dette soit un gain en capital de celle-ci, que la société affiliée créancière n’ait pas d’autre revenu, perte, gain en capital ou perte en capital pour une année d’imposition et qu’aucune autre société étrangère Income Tax PART I Income Tax DIVISION B Computation of Income
(III) the particular foreign affiliate or a partnership of which the particular foreign affiliate is a member, to the extent that the activities occur while the particular affiliate is a qualifying member of the partnership, or (IV) a partnership of which another foreign affiliate of the taxpayer, in respect of which the taxpayer has a qualifying interest throughout the year, is a member, to the extent that the activities occur while the other affiliate is a qualifying member of the partnership, and (B) if any of subclauses (A)(I), (II) and (IV) applies, would be included in computing the amount prescribed to be the earnings or loss, from an active business carried on in a country other than Canada, of (I) that other foreign affiliate referred to in subclause (A)(I) or (IV), if the income were earned by it, (II) the life insurance corporation referred to in subclause (A)(II), if that life insurance corporation were a foreign affiliate of the taxpayer and the income were earned by it, (ii) the income or loss is derived from amounts that were paid or payable, directly or indirectly, to the particular foreign affiliate or a partnership of which the particular foreign affiliate was a member (A) by a life insurance corporation that is resident in Canada and that is the taxpayer, a person who controls the taxpayer, a person controlled by the taxpayer or a person controlled by a person who controls the taxpayer, to the extent that those amounts that were paid or payable were for expenditures that are deductible in a taxation year of the life insurance corporation by the life insurance corporation in computing its income or loss for a taxation year from carrying on its life insurance business outside Canada and are not deductible in computing its income or loss for a taxation year from carrying on its life insurance business in Canada, (B) by (I) another foreign affiliate of the taxpayer in respect of which the taxpayer has a qualifying interest throughout the year, to the extent that those amounts that were paid or payable are for expenditures that were deductible by that other foreign affiliate in computing the amounts prescribed to be its earnings or loss for a taxation year from an active business (other than an active business carried on in Canada), or (III) a partnership of which another foreign affiliate of the taxpayer (in respect of which other foreign affiliate the taxpayer has a qualifying interest throughout the year) is a qualifying member throughout each period, in the fiscal period of the partnership that ends in the year, in which that other foreign affiliate was a member of the partnership, to the extent that those amounts that were paid or payable are for expenditures that are deductible by the partnership in computing that other foreign affiliate’s share of any income or loss of the partnership, for a fiscal period, that is included in computing the amounts prescribed to be that other foreign affiliate’s earnings or loss for a taxation year from an active business (other than an active business carried on in Canada), (C) by a partnership of which the particular foreign affiliate is a qualifying member throughout each period, in the fiscal period of the partnership that ends in the year, in which the particular foreign affiliate was a member of the partnership, to the extent that those amounts that were paid or payable are for expenditures that are deductible by the partnership in computing the particular foreign affiliate’s share of any income or loss of the partnership, for a fiscal period, that is included in computing the amounts prescribed to be the particular foreign affiliate’s earnings or loss for a taxation year from an active business (other than an active business carried on in Canada), or (D) by another foreign affiliate (referred to in this clause as the “second affiliate”) of the taxpayer — in respect of which the taxpayer has a qualifying interest throughout the year — to the extent that the amounts are paid or payable by the second affiliate, in respect of any particular period in the year, under a legal obligation to pay interest in respect of (I) borrowed money used for the purpose of earning income from property, or (II) amount payable for property acquired for the purpose of gaining or producing income from property (III) the property is, throughout the particular period, excluded property of the second affiliate that is shares of the capital stock of a corporation (referred to in this clause as the “third affiliate”) which is, throughout the particular period, a foreign affiliate (other than the particular foreign affiliate) of the taxpayer in respect of which the taxpayer has a qualifying interest, and (IV) in respect of each of the second affiliate and the third affiliate, for each of their taxation years (each of which is referred to in this subclause as a “relevant taxation year”) that end in the year, either
Impôt sur le revenu
(iii) the income or loss is derived by the particular foreign affiliate from the factoring of trade accounts receivable acquired by the particular foreign affiliate, or a partnership of which the particular foreign affiliate was a member, from another foreign affiliate of the taxpayer in respect of which the taxpayer has a qualifying interest throughout the year to the extent that the accounts receivable arose in the course of an active business carried on in a country other than Canada by that other foreign affiliate, (iv) the income or loss is derived by the particular foreign affiliate from loans or lending assets acquired by the particular foreign affiliate, or a partnership of which the particular foreign affiliate was a member, from another foreign affiliate of the taxpayer in respect of which the taxpayer has a qualifying interest throughout the year, to the extent that the loans or lending assets arose in the course of an active business carried on in a country other than Canada by that other foreign affiliate, (v) the income or loss is derived by the particular foreign affiliate from the disposition of excluded property that is not capital property, or (vi) the income or loss is derived by the particular foreign affiliate under or as a result of an agreement that provides for the purchase, sale or exchange of currency and that can reasonably be considered to have been made by the particular foreign affiliate to reduce (A) its risk — with respect to an amount that increases the amount required by this paragraph to be included in computing the particular foreign affiliate’s income for a taxation year from an active business or that decreases the amount required by this paragraph to be included in computing the particular foreign affiliate’s loss for a taxation year from an active business — of fluctuations in the value of the currency in which the amount was denominated, or (B) its risk — with respect to an amount that decreases the amount required by this paragraph to be included in computing the particular foreign affiliate’s income for a taxation year from an active business or that increases the amount required by this paragraph to be included in computing the particular foreign affiliate’s loss for a taxation year from an active business — of fluctuations in the value of the currency in which the amount was denominated; (a.1) in computing the income from a business other than an active business for a taxation year of a foreign affiliate of a taxpayer there shall be included the income of the affiliate for the year from the sale of property (which, for the purposes of this paragraph, includes the income of the affiliate for the year from the performance of services as an agent in relation to a purchase or sale of property) where (i) it is reasonable to conclude that the cost to any person of the property (other than property that is designated property) is relevant in computing the income from a business carried on by the taxpayer or by a person resident in Canada with whom the taxpayer does not deal at arm’s length or is relevant in computing the income from a business carried on in Canada by a non-resident person with whom the taxpayer does not deal at arm’s length, and (ii) the property was not (A) manufactured, produced, grown, extracted or processed in the country (I) under whose laws the affiliate is governed and any of exists, was (unless the affiliate was continued in any jurisdiction) formed or organized, or was last continued, and (II) in which the affiliate’s business is principally carried on, (B) an interest in real property, or a real right in an immovable, located in, or a foreign resource property in respect of, the country (I) under whose laws the affiliate is governed and any of exists, was (unless the affiliate was continued in any jurisdiction) formed or organized, or was last continued, and (II) in which the affiliate’s business is principally carried on, or (C) an indebtedness, or a lease obligation, of a person resident in Canada or in respect of a business carried on in Canada, that was purchased and sold by the affiliate on its own account, unless more than 90% of the gross revenue of the affiliate for the year from the sale of property (other than a property the income from the sale of which is not included in computing the income from a business other than an active business of the affiliate under this paragraph because of subsection (2.3.1)) is derived from the sale of such property (other than a property that any person is described in subparagraph (ii) the cost of which to any person is a cost referred to in subparagraph (i)) to persons with whom the affiliate deals at arm’s length (which, for this purpose, includes a sale of property to a non-resident corporation with which the affiliate does not deal at arm’s length for sale to persons with whom the affiliate deals at arm’s length), and where this paragraph applies to include income of the affiliate from the sale of property in the income of the affiliate from a business other than an active business, (iii) the sale of such property shall be deemed to be a separate business, other than an active business, carried on by the affiliate, and (iv) any income of the affiliate that pertains to or is incident to that business shall be deemed to be income from a business other than an active business; (a.2) in computing the income from a business other than an active business for a taxation year of a foreign affiliate of a taxpayer (i) there shall be included the income of the affiliate for the year from the insurance of specified Canadian risks (which, for the purposes of this paragraph, includes income for the year from the reinsurance of specified Canadian risks), unless more than 90% of the gross premium revenue of the affiliate for the year from the insurance of risks (net of reinsurance ceded) was in respect of the insurance of risks (other than specified Canadian risks) of persons with whom the affiliate deals at arm’s length, (ii) if subparagraph (i) applies to include income of the affiliate from the insurance of specified Canadian risks, (A) the insurance of those risks is deemed to be a separate business, other than an active business, carried on by the affiliate, and (B) any income of the affiliate that pertains to or is incident to that business is deemed to be income from a business other than an active business, (iii) there shall be included the income of the affiliate for the year in respect of the ceding of specified Canadian risks — except to the extent that the income is included because of subparagraph (i) or (ii) — which, for the purposes of this paragraph, includes (A) income of the affiliate from services in respect of the ceding of specified Canadian risks, and (B) except to the extent the amount is included under clause (A), the amount, if any, by which the fair market value of the consideration provided in respect of the ceding of the specified Canadian risks exceeds the affiliate’s cost in respect of those specified Canadian risks, and (A) the ceding of those risks is deemed to be a separate business, other than an active business, carried on by the affiliate, and (B) any income of the affiliate that pertains to or is incident to that business is deemed to be income from a business other than an active business; (a.21) for the purposes of paragraph (a.2), one or more risks insured by a foreign affiliate of a taxpayer that, if this Act were read without reference to this paragraph, would not be specified Canadian risks (in this paragraph referred to as the foreign policy pool) are deemed to be specified Canadian risks if (i) the affiliate, or a person or partnership that does not deal at arm’s length with the affiliate, enters into one or more agreements or arrangements in respect of the foreign policy pool, (ii) the affiliate’s risk of loss or opportunity for gain or profit in respect of the foreign policy pool, in combination with its risk of loss or opportunity for gain in respect of the agreements or arrangements, can reasonably be considered to be — or could reasonably be considered to be if the affiliate had entered into the agreements or arrangements entered into by the person or partnership — determined, in whole or in part, by reference to one or more criteria in respect of one or more risks insured by another person or partnership (in this paragraph referred to as the tracked policy pool), which criteria are (A) the fair market value of the tracked policy pool, (B) the revenue, income, loss or cash flow from the tracked policy pool, or (C) any other similar criteria, and (iii) 10% or more of the tracked policy pool consists of specified Canadian risks; (a.22) if the conditions in paragraph (a.21) are satisfied in respect of a foreign affiliate of a taxpayer, or a foreign affiliate of another taxpayer if that other taxpayer does not deal at arm’s length with the taxpayer, and a particular foreign affiliate of the taxpayer, or a partnership of which the particular affiliate is a member, has entered into one or more agreements or arrangements described in that paragraph, (i) activities performed in connection with those agreements or arrangements are deemed to be a separate business, other than an active business, carried on by the particular affiliate to the extent that those activities can reasonably be considered to be performed for the purpose of obtaining the result described in subparagraph (a.21)(ii), and (ii) any income of the particular affiliate from the business (including income that pertains to or is incident to the business) is deemed to be income from a business other than an active business; (ii) a property situated in Canada, or (iii) a business carried on in Canada; (i) a risk is deemed to be a specified Canadian risk of a particular foreign affiliate of a taxpayer if (A) as part of a transaction or series of transactions, the particular affiliate insured or reinsured the risk, (B) the risk would not be a specified Canadian risk if this Act were read without reference to this paragraph, and (C) it can reasonably be concluded that one of the purposes of the transaction or series of transactions was to avoid the application of any of paragraphs (a.2) to (a.22), and (ii) if the particular affiliate — or a foreign affiliate of another taxpayer, if that other taxpayer or affiliate, or a partnership of which that other taxpayer or affiliate is a member, does not deal at arm’s length with the particular affiliate — enters into one or more agreements or arrangements in respect of the risk, (A) activities performed in connection with those agreements or arrangements are deemed to be a separate business, other than an active business, carried on by the particular affiliate or other affiliate, as the case may be, and (B) any income of the particular affiliate or other affiliate, as the case may be, from the business (including income that pertains to or is incident to the business) is deemed to be income from a business other than an active business; (a.3) In computing the income from a business other than an active business for a taxation year of a foreign affiliate of a taxpayer there shall be included the income of the affiliate for the year derived directly or indirectly from indebtedness and lease obligations (which, for the purposes of this paragraph, includes the income of the affiliate for the year from the purchase and sale of indebtedness and lease obligations on its own account, but does not include excluded income) (ii) in respect of businesses carried on in Canada unless more than 90% of the gross revenue of the affiliate derived directly or indirectly from indebtedness and lease obligations (other than excluded revenue or revenue that is not included in computing the income from a business other than an active business of the affiliate under this paragraph because of subsection (2.13)) was derived directly or indirectly from indebtedness and lease obligations of non-resident persons with whom the affiliate deals at arm’s length and, where this paragraph applies to include income of the affiliate for the year in the income of the affiliate from a business other than an active business, (iii) those activities carried out to earn such income shall be deemed to be a separate business, other than an active business, carried on by the affiliate, and (iv) any income of the affiliate that pertains to or is incidental to that business shall be deemed to be income from a business other than an active business; (a.4) in computing the income from a business other than an active business for a taxation year of a foreign affiliate of a taxpayer there shall be included (to the extent not included under paragraph 95(2)(a.3) in such income of the affiliate for the year) that proportion of the income of the affiliate for the year derived directly or indirectly from indebtedness and lease obligations (which, for the purposes of this paragraph, includes the income of the affiliate for the year from the purchase and sale of indebtedness and lease obligations on its own account) in respect of a business carried on outside Canada by a partnership (any portion of the income or loss of which for fiscal periods of the partnership that end in the year is included or would, if the partnership had an income or loss for such fiscal periods, be included directly or indirectly in computing the income or loss of the taxpayer or a person resident in Canada with whom the taxpayer does not deal at arm’s length) that (i) the total of all amounts each of which is the income or loss of the partnership for fiscal periods of the partnership that end in the year that are included directly or indirectly in computing the income or loss of the taxpayer or a person resident in Canada with whom the taxpayer does not deal at arm’s length is of (ii) the total of all amounts each of which is the income or loss of the partnership for fiscal periods of the partnership that end in the year unless more than 90% of the gross revenue of the affiliate derived directly or indirectly from indebtedness and lease obligations was derived directly or indirectly from indebtedness and lease obligations of non-resident persons with whom the affiliate deals at arm’s length (other than indebtedness and lease obligations of a partnership described in this paragraph) and where this paragraph applies to include a proportion of the income of the affiliate for the year in the income of the affiliate from a business other than an active business (iii) those activities carried out to earn such income of the affiliate for the year shall be deemed to be a separate business, other than an active business, carried on by the affiliate, and (iv) any income of the affiliate that pertains to or is incident to that business shall be deemed to be income from a business other than an active business and for the purpose of this paragraph, where the income or loss of a partnership for a fiscal period that ends in the year is nil, the proportion of the income of the affiliate that is to be included in the income of the affiliate for the year from a business other than an active business shall be determined as if the partnership had income of $1,000,000 for that fiscal period; (b) the provision, by a foreign affiliate of a taxpayer, of services or of an undertaking to provide services (i) is deemed to be a separate business, other than an active business, carried on by the affiliate, and any income from that business or that pertains to or is incident to that business is deemed to be income from a business other than an active business, to the extent that the amounts paid or payable in consideration for those services or for the undertaking to provide services (A) are deductible, or can reasonably be considered to relate to amounts that are deductible, in computing the income from a business carried on in Canada, by SUBDIVISION i Shareholders of Corporations Not Resident in Canada (l) any taxpayer of whom the affiliate is a foreign affiliate, or (II) another taxpayer who does not deal at arm’s length with
(B) are deductible, or can reasonably be considered to relate to an amount that is deductible, in computing the foreign accrual property income of a foreign affiliate of (I) any taxpayer of whom the affiliate is a foreign affiliate, or (II) another taxpayer who does not deal at arm’s length with
affiliée d’une entité admissible n’ait de revenu, de pertes, de gains en capital ou de pertes en capital pour une année d’imposition — serait le total des sommes dont chacune serait incluse dans le calcul du revenu d’une entité admissible en application du paragraphe 91(1) pour son année d’imposition qui comprend le dernier jour de l’année d’imposition de la société affiliée créancière qui comprend le moment ultérieur; (ii) dans le cas où le créancier est une société de personnes créancière, le moindre de la somme qui correspond au montant du gain en capital et du double du total de chaque somme, déterminée relativement à un associé de la société de personnes créancière qui est une société étrangère affiliée d’une entité admissible, qui — en l’absence du sous-alinéa 40(2)g)(ii) et de l’alinéa 95(2)g.04) et à supposer que la perte en capital de la société de personnes créancière relativement au remboursement du prêt ou de la dette soit un gain en capital de celle-ci, que l’associé donné n’ait pas d’autre revenu, perte, gain en capital ou perte en capital pour une année d’imposition et qu’aucune autre société étrangère affiliée d’une entité admissible n’ait de revenu, de pertes, de gains en capital ou de pertes en capital pour une année d’imposition — serait le total des sommes dont chacune est une somme qui serait incluse dans le calcul du revenu d’une entité admissible en application du paragraphe 91(1) pour son année d’imposition qui comprend le dernier jour de l’année d’imposition de la société affiliée créancière qui comprend le moment ultérieur, b) s’agissant d’une perte en capital : (i) dans le cas où le créancier est une société affiliée créancière, le moins élevé de la somme qui correspond au montant de la perte en capital et du double de la somme, relative au gain en capital de la société affiliée créancière relativement au remboursement du prêt ou de la dette, qui — en l’absence de l’alinéa 95(2)g.04) et à supposer que la société affiliée créancière n’ait pas d’autre revenu, perte, gain en capital ou perte en capital pour une année d’imposition et qu’aucune autre société étrangère affiliée d’une entité admissible n’ait de revenu, de pertes, de gains en capital ou de pertes en capital pour une année d’imposition — serait le total des sommes dont chacune est une somme qui serait incluse dans le calcul du revenu d’une entité admissible en application du paragraphe 91(1) pour son année d’imposition qui comprend le dernier jour de l’année d’imposition de la société affiliée créancière qui comprend le moment ultérieur, (ii) dans le cas où le créancier est une société de personnes créancière, le moindre de la somme qui correspond au montant de la perte en capital et du double de la somme, relative à un gain en capital de la société de personnes créancière relativement au remboursement du prêt ou de la dette, et qui est égal au total de chaque somme, déterminée relativement à un associé de la société de personnes créancière qui est une société étrangère affiliée d'une entité admissible, qui en abuse au sens de l'alinéa 95(2)(b.04), à supposer que l'associé donné n'ait pas d'autre revenu, perte, gain en capital ou perte en capital pour une année d'imposition et qu'aucune autre société étrangère affiliée d'une entité admissible n'ait de revenu, perte, gain en capital ou perte en capital pour une année d'imposition — serait le total des sommes dont chacune est une somme qui serait incluse dans le calcul du revenu d'une entité admissible en application du paragraphe 91(1) pour son année d'imposition qui comprend le dernier jour de l'année d'imposition de l'associé donné qui comprend le dernier jour de l'exercice de la société de personnes créancière qui comprend le moment ultérieur. (2.2) Pour l'application des paragraphes (2.1) et (2.3), est une entité admissible : a) si l'emprunteur est une société, selon le cas : (i) l'emprunteur, (ii) une société résidant au Canada dont est une filiale à cent pour cent : (A) soit l'emprunteur, (B) soit une société visée au présent alinéa, (iii) une société résidant au Canada à l'égard de laquelle l'un des énoncés ci-après se vérifie : (A) chacune des actions de son capital-actions appartient : (I) soit à l'emprunteur, (II) soit à une société visée au présent sous-alinéa ou au sous-alinéa (ii), Income Tax PART I Income Tax DIVISION B Computation of Income
(A) the parent, or (a) the borrowing party; Impôt sur le revenu
(ii) is deemed to be a separate business, other than an active business, carried on by the affiliate, and any income from that business or that pertains to or is incident to that business is deemed to be income from a business other than an active business, to the extent that the services are, or are to be, performed by (A) any taxpayer of whom the affiliate is a foreign affiliate, (B) a relevant person who does not deal at arm’s length with (I) the affiliate, or (II) any taxpayer of whom the affiliate is a foreign affiliate, (C) a partnership any member of which is a person described in clause (A) or (B), or (D) a partnership in which any person or partnership described in any of clauses (A) to (C) has, directly or indirectly, a partnership interest; (c) if a foreign affiliate (referred to in this paragraph as the “disposing affiliate”) of a taxpayer has, at any time, disposed of capital property (other than property the adjusted cost base of which, at that time, is greater than the amount that would, in the absence of this paragraph, be the disposing affiliate’s proceeds of disposition of the property in respect of the disposition) that was shares (referred to in this paragraph as the “shares disposed of”) of the capital stock of another foreign affiliate of the taxpayer to any other corporation that was, immediately after that time, a foreign affiliate (referred to in this paragraph as the “acquiring affiliate”) of the taxpayer for consideration that includes shares of the capital stock of the acquiring affiliate, (i) the cost to the disposing affiliate of any property (other than shares of the capital stock of the acquiring affiliate) receivable by the disposing affiliate as consideration for the disposition is deemed to be the fair market value of the property at that time, (ii) the cost to the disposing affiliate of each share of a class of the capital stock of the acquiring affiliate that is receivable by the disposing affiliate as consideration for the disposition is deemed to be the amount determined by the formula A is the total of all amounts each of which is the relevant cost base to the disposing affiliate at that time, in respect of the taxpayer, of a share disposed of, B is the fair market value at that time of the consideration receivable for the disposition (other than shares of the capital stock of the acquiring affiliate), C is the fair market value, immediately after that time, of the share, and D is the fair market value, immediately after that time, of all shares of the capital stock of the acquiring affiliate receivable by the disposing affiliate as consideration for the disposition, (iii) the disposing affiliate’s proceeds of disposition of the shares are deemed to be an amount equal to the cost to it of all shares and other property receivable by it from the acquiring affiliate as consideration for the disposition, and (iv) the cost to the acquiring affiliate of the shares acquired from the disposing affiliate is deemed to be an amount equal to the disposing affiliate’s proceeds of disposition referred to in subparagraph (iii); (d) where there has been a foreign merger in which the shares owned by a foreign affiliate of a taxpayer of the capital stock of a corporation that was a predecessor foreign corporation immediately before the merger were exchanged for or became shares of the capital stock of the new foreign corporation or the foreign parent corporation, subsection 87(4) applies to the foreign affiliate as if the references in that subsection to (i) “amalgamation” were read as “foreign merger”, (ii) “predecessor corporation” were read as “predecessor foreign corporation”, (iii) “new corporation” were read as “new foreign corporation or the foreign parent corporation”, and (iv) “adjusted cost bases” were read as “relevant cost bases, in respect of the taxpayer”; (d.1) if there has been a foreign merger of two or more predecessor foreign corporations to form a new foreign corporation that is, immediately after the merger, a foreign affiliate of a taxpayer and one or more of the predecessor foreign corporations (each being referred to in this paragraph as a “foreign affiliate predecessor”) was, immediately before the merger, a foreign affiliate of the taxpayer, (i) each property of the new foreign corporation that was a property of a foreign affiliate predecessor immediately before the merger is deemed to have been (A) disposed of by the foreign affiliate predecessor immediately before the merger for proceeds of disposition equal to the relevant cost base of the property to the foreign affiliate predecessor, in respect of the taxpayer, at that time, and (B) acquired by the new foreign corporation, at that time, at a cost equal to the amount determined under clause (A), (ii) the new foreign corporation is deemed to be the same corporation as, and a continuation of, each foreign affiliate predecessor for the purposes of applying (A) this subsection and the definition foreign accrual property income in subsection (1) with respect to any disposition by the new foreign corporation of any property to which subparagraph (i) applied, (B) subsections 13(21.2), 18(15) and 40(3.4) in respect of any property that was disposed of, at any time before the merger, by a foreign affiliate predecessor, and (C) paragraph 40(3.5)(c) in respect of any share that was deemed under that paragraph to be owned, at any time before the merger, by a foreign affiliate predecessor, and (iii) for the purposes of the description of A.2 in the definition *foreign accrual property income* in subsection (1), the total of all amounts each of which is the amount determined for G in respect of a foreign affiliate predecessor for its last taxation year that ends on or before the time of the merger is deemed to be the amount determined for G in respect of the new foreign corporation for its taxation year that immediately precedes its first taxation year; (e) notwithstanding subsection 69(5), if at any time a foreign affiliate (referred to in this paragraph as the “shareholder affiliate”) of a taxpayer receives a property (referred to in this paragraph as the “distributed property”) from another foreign affiliate (referred to in this paragraph as the “disposing affiliate”) of the taxpayer on a liquidation and dissolution of the disposing affiliate and the distributed property is received in respect of shares of the capital stock of the disposing affiliate that are disposed of on the liquidation and dissolution, (i) the distributed property is deemed to have been disposed of at that time by the disposing affiliate to the shareholder affiliate for proceeds of disposition equal to the relevant cost base to the disposing affiliate of the distributed property in respect of the taxpayer, immediately before that time, if (A) the liquidation and dissolution is a designated liquidation and dissolution of the disposing affiliate, or (B) the distributed property is a share of the capital stock of another foreign affiliate of the taxpayer that was, immediately before that time, excluded property of the disposing affiliate, (ii) if subparagraph (i) does not apply to the distributed property, the distributed property is deemed to have been disposed of at that time by the disposing affiliate to the shareholder affiliate for proceeds of disposition equal to the distributed property’s fair market value at that time, (iii) the distributed property is deemed to have been acquired, at that time, by the shareholder affiliate at a cost equal to the amount determined under subparagraph (i) or (ii) to be the disposing affiliate’s proceeds of disposition of the distributed property, (iv) each share of a class of the capital stock of the disposing affiliate that is disposed of by the shareholder affiliate on the liquidation and dissolution of the disposing affiliate is deemed to be disposed of for proceeds of disposition equal to (A) if the liquidation and dissolution is a designated liquidation and dissolution of the disposing affiliate (I) where the amount that would, if clause (B) applied, be determined under that clause in respect of the share is greater than or equal to the adjusted cost base of the share to the shareholder affiliate immediately before the disposition, that adjusted cost base, or (II) where the adjusted cost base of the share to the shareholder affiliate immediately before the disposition exceeds the amount that would, if clause (B) applied, be determined under that clause in respect of the share
(B) in any other case, the amount determined by the formula A is the total of all amounts each of which is the cost to the shareholder affiliate of a distributed property, as determined under subparagraph (iii), received, at any time, in respect of the class, B is the total of all amounts each of which is an amount owing (other than an unpaid dividend) by, or an obligation of, the disposing affiliate that was assumed or cancelled by the shareholder affiliate in consideration for the distribution of a distributed property referred to in the description of A, is the total number of issued and outstanding shares of the class that are owned by the shareholder affiliate during the liquidation and dissolution, and (v) if the liquidation and dissolution is a designated liquidation and dissolution of the disposing affiliate, (A) the shareholder affiliate is deemed to be the same corporation as, and a continuation of, the disposing affiliate for the purposes of applying (I) this subsection and the definition foreign accrual property income in subsection (1) with respect to any disposition by the shareholder affiliate of any property to which clause (ii)(A) applied, (II) subsections 13(21.2), 18(15) and 40(3.4) in respect of any property that was disposed of, at any time before the liquidation and dissolution, by the disposing affiliate, and (III) paragraph 40(3.5)(c) in respect of any share that was deemed under that paragraph to be owned, at any time before the liquidation and dissolution, by the disposing affiliate, and (B) for the purposes of the description of A.2 in the definition foreign accrual property income in subsection (1), the amount, if any, determined for G in respect of the disposing affiliate for its first taxation year that ends after the beginning of the liquidation and dissolution is to be added to the amount otherwise determined for G in respect of the shareholder affiliate for its taxation year that immediately precedes its taxation year that includes the time at which the liquidation and dissolution began; (f) except as otherwise provided in this Subdivision and except to the extent that the context otherwise requires, a foreign affiliate of a taxpayer is deemed to be at all times resident in Canada for the purposes of determining, in respect of the taxpayer for a taxation year of the foreign affiliate, each amount that is the foreign affiliate’s (ii) income or loss from a property, from a business other than an active business or from a non-qualifying business; (f.1) in computing an amount described in paragraph (f) in respect of a property or a business, there is not to be included any portion of that amount that can reasonably be considered to have accrued, in respect of the property (including for the purposes of this paragraph any property for which the property was substituted) or the business, while no person or partnership that held the property or carried on the business was a specified person or partnership in respect of the taxpayer referred to in paragraph (f); (f.11) in determining an amount described in paragraph (f) for a taxation year of a foreign affiliate of a taxpayer, (i) if the amount is described in subparagraph (f)(i), this Act is to be (A) read without reference to section 26 of the Income Tax Application Rules, and (B) applied as if, in respect of any debt obligation by the foreign affiliate or a partnership of which the foreign affiliate is a member (which foreign affiliate or partnership is referred to in this clause as the “debtor”), each capital gain or loss of the debtor that is deemed to arise under subsection 39(2) or (3) in respect of the debt obligation were from a disposition of property that was held by the debtor throughout the period during which the debt obligation was owed by the debtor and, for greater certainty, at the time of the disposition, (ii) if the amount is described in subparagraph (f)(ii), (A) this Act is to be read without reference to subsections 17(1), 18(4), 18.2(2) and 18.4(4) and section 91, except that, where the foreign affiliate is a member of a partnership, section 91 is to be applied to determine the income or loss of the partnership and for that purpose subsection 96(1) is to be applied to determine the foreign affiliate’s share of that income or loss of the partnership, (B) if the foreign affiliate has, in the taxation year, disposed of a foreign resource property in respect of a country, it is deemed to have designated, in respect of the disposition and in accordance with subparagraph 59(1)(b)(ii) for the taxation year, the amount, if any, by which (ll) the amount determined under subparagraph 59(1)(b)(i) in respect of the disposition, (C) this Act is to be applied as if, in respect of any debt obligation owing by the foreign affiliate or a partnership of which the foreign affiliate is a member (which foreign affiliate or partnership is referred to in this clause as the “debtor”), each amount of income or loss of the debtor — from a property, from a business other than an active business or from a non-qualifying business — in respect of the debt obligation were from such a property that was held, or such a business that was carried on, as the case may be, by the debtor throughout the period during which the debt obligation was owed by the debtor and at the time at which the debt obligation was settled or extinguished, (D) if the foreign affiliate is a controlled foreign affiliate of the taxpayer at the end of the taxation year, and the taxpayer is not an excluded entity (as defined in subsection 18.2(1)) for its taxation year (referred to in this clause as the “taxpayer year”) in which the taxation year ends, (l) notwithstanding any other provision of this Act, no deduction shall be made in respect of any amount that is included in the affiliate’s relevant affiliate interest and financing expenses (as defined in subsection 18.2(1)) for the taxation year, to the extent of the proportion of that amount that is determined by the first formula in subsection 18.2(2) in respect of the taxpayer for the taxpayer year, and (ll) an amount is to be included, in determining the amount described in subparagraph (f)(ii) for the taxation year, that is equal to the amount that would be included under paragraph 12(1)(l.2) in determining the amount described in subparagraph (f)(ii) for the taxation year if
(B) soit une société de personnes visée au présent sous-alinéa; b) si l’emprunteur est une société de personnes, selon le cas : (i) l’emprunteur, (ii) si chaque associé — dont la qualité d’associé est déterminée comme si chaque associé d’une société de personnes qui est un associé d’une autre société de personnes est un associé de cette autre société de personnes — de l’emprunteur est une société donnée résidant au Canada (appelée « société mère » au présent alinéa) ou une société résidant au Canada qui est une filiale à cent pour cent, au sens du paragraphe 87(1.4), de la société mère, (A) la société mère, (B) une société résidant au Canada qui est une filiale à cent pour cent, au sens du paragraphe 87(1.4), de la société mère, (iii) une société de personnes dont chaque associé est, selon le cas : (A) l’emprunteur, (B) une société visée au sous-alinéa (ii), (C) une autre société de personnes visée au présent sous-alinéa. Prêt en amont — choix pour compensation transitoire (2.3) Le paragraphe (2.1) et l’alinéa 95(2)(g.04) ne s’appliquent pas relativement au remboursement intégral ou partiel d’un prêt ou d’une dette en cas de choix présenté au ministre avant 2019 conjointement : a) par l’emprunteur; b) si le créancier est une société affiliée créancière, par chaque entité admissible dont la société affiliée créancière est une société étrangère affiliée; Income Tax PART I Income Tax DIVISION B Computation of Income
proportion that is determined by the first formula in subsection 18.2(2) in respect of the taxpayer for the taxpayer year, (E) notwithstanding any other provision of this Act, no deduction shall be made in respect of one or more amounts (each referred to in this clause as an “elected amount”) if (I) the elected amount would, in the absence of this clause, clause (D) and subsection 18.2(19),
Impôt sur le revenu
(II) the total of the elected amounts is equal to the lesser of the following amounts (determined without regard to this clause, clause (D) and subsection 18.2(19)):
(III) the taxpayer files with the Minister, in respect of the elected amounts, an election in writing in prescribed manner under this clause, (IV) the election specifies
c) si le créancier est une société de personnes créancière, par chaque entité admissible dont un associé de la société de personnes créancière est une société étrangère affiliée. Gains relatifs à l’achat d’obligations, etc. par l’émetteur
Lorsqu’un contribuable a émis quelque obligation, ou titre semblable et qu’il a, à un moment donné au cours d’une année d’imposition, postérieure à 1971, acheté le titre sur le marché libre, de la façon que tout semblable titre serait normalement acheté sur le marché libre par le grand public: a) l’excédent éventuel du montant pour lequel le contribuable a émis le titre sur le prix d’achat que le contribuable a payé ou accepté de payer pour le titre est réputé représenter un gain en capital, pour le contribuable, tiré, pour l’année d’imposition, de la disposition d’une immobilisation; b) l’excédent éventuel du prix d’achat que le contribuable a payé ou accepté de payer pour le titre sur le plus élevé du principal du titre ou du montant pour lequel celui-ci a été émis par le contribuable est réputé représenter une perte en capital, pour le contribuable, résultant, pour l’année d’imposition, de la disposition d’une immobilisation, dans la mesure où le montant déterminé selon les alinéas a) ou b) ne serait pas inclus ou déductible, selon le cas, dans le calcul du revenu du contribuable pour l’année ou pour une autre année d’imposition, si l’article 3 était lu de la manière indiquée à l’alinéa (1)a) et si la présente loi était lue comme si elle ne tenait pas compte des paragraphes 80(12) et (13). Choix visant la disposition de titres canadiens
Sauf dans les cas prévus au paragraphe (5), lorsqu’un contribuable dispose d’un titre canadien au cours d’une année d’imposition et qu’il exerce un choix, selon le formulaire prescrit, dans sa déclaration de revenu produite pour l’année en vertu de la présente partie: a) chacun des titres canadiens qu’il possédait au cours de l’année ou de toute année d’imposition subséquente est réputé avoir été une immobilisation qu’il possédait au cours de ces années; et b) chaque disposition par le contribuable d’un titre canadien est réputée être une disposition par lui d’une immobilisation. Exception (a) a trader or dealer in securities, (c) to (e) [Repealed, 1995, c. 21, s. 49] (g) a non-resident, (A) ended before 1988, or Crédit d’impôt pour des activités de recherche scientifique et de développement expérimental inutilisé
La partie inutilisée du crédit d’impôt pour des activités de recherche scientifique et de développement expérimental d’un contribuable pour une année d’imposition donnée, dans la mesure où elle n’a pas été déduite de son impôt payable par ailleurs en vertu de la présente partie pour l’année d’imposition précédente, est réputée être une perte en capital du contribuable résultant de la disposition d’un bien pour l’année suivant l’année d’imposition donnée, sauf pour, un contribuable particulier, cette perte en capital est réputée représenter 147 % de ce montant. Déduction dans le calcul d’une perte au titre d’un placement d’entreprise
Le moindre des montants suivants doit être déduit dans le calcul de la perte au titre d’un placement d’entreprise d’un contribuable qui est un particulier (à l’exception d’une fiducie) pour une année d’imposition donnée, compte tenu de la disposition d’un bien donné : a) le montant qui représenterait la perte au titre d’un placement d’entreprise du contribuable pour l’année à la disposition de ce bien donné, compte non tenu du sous-alinéa (1)c)(viii); b) l’excédent éventuel du total des montants suivants : (i) le total des montants représentant chacun le double du montant que le contribuable a déduit en application de l’article 110.6 dans le calcul de son revenu imposable pour une année d’imposition antérieure qui : (A) soit s’est terminée avant 1988, (B) soit commence après le 17 octobre 2000, (i.1) le total des montants représentant chacun, selon le cas : (A) les 3/2 du montant déduit en application de l’article 110.6 dans le calcul du revenu imposable du contribuable pour une année d’imposition antérieure qui : (I) soit s’est terminée après 1987 et avant 1990, (II) soit a commencé après le 27 février 2000 et s’est terminée avant le 18 octobre 2000, (B) le produit de la multiplication de l’inverse de la fraction figurant à l’alinéa 38a) qui s’applique exceeds Idem, of a trust (A) ended before 1988, or au contribuable pour chacune de ses années d’imposition qui comprend le 28 février 2000 ou le 18 octobre 2000 par le montant qu’il a déduit en application de l’article 110.6 dans le calcul de son revenu imposable pour cette année, (i.2) le total des montants représentant chacun les 4/3 du montant déduit en application de l’article 110.6 dans le calcul du revenu imposable du contribuable pour une année d’imposition antérieure terminée après 1989 et avant le 28 février 2000, sur : (ii) le total des montants dont chacun représente un montant que le contribuable a déduit en vertu de l’alinéa (1)c) à cause du sous-alinéa (1)c)(viii) dans le calcul de sa perte au titre d’un placement d’entreprise qui a subi : (A) soit à la disposition de biens au cours des années d’imposition antérieures à l’année, (B) soit à la disposition d’autres biens que le bien donné au cours de l’année, sauf que, lorsqu’un montant donné est inclus, en application du sous-alinéa 14(1)a)(v), dans le revenu du contribuable pour une année d’imposition qui s’est terminée après 1987 et avant 1990, la mention « 3/2 » au sous-alinéa (i.1) vaut mention de « 4/3 » pour ce qui est de la partie d’un montant qui est déduit en application de l’article 110.6 au titre du montant donné. Idem, cas d’une fiducie
(V) the election is filed on or before the filing-due date of the taxpayer for its taxation year in which the taxation year ends, and (F) the following rules apply for the purposes of applying subsection 12.7(3) and the related provisions of section 18.4 in respect of a payment of which the foreign affiliate, or a partnership of which the foreign affiliate is a member, is a recipient: (I) the definitions in subsection 18.4(1) apply for the purposes of this clause, (II) subsection 12.7(3) is deemed not to apply in respect of the payment if
Le moindre des montants suivants doit être déduit dans le calcul de la perte au titre d’un placement d’entreprise que la fiducie subit pour une année d’imposition à la disposition d’un bien donné : a) le montant qui correspondrait à la perte au titre d’un placement d’entreprise que la fiducie subirait pour l’année à la disposition du bien donné, compte non tenu du sous-alinéa (1)c)(viii); b) l’excédent éventuel du total des montants suivants : (i) le total des montants représentant chacun le double du montant qu’une fiducie a attribué à un bénéficiaire en application du paragraphe 104(21.2) dans sa déclaration de revenu produite pour une année d’imposition antérieure qui : (A) soit s’est terminée avant 1988, (B) soit commence après le 17 octobre 2000, exceeds (i.1) le total des montants représentant chacun, selon le cas : (A) les 3/2 du montant que la fiducie a attribué à un bénéficiaire en application du paragraphe 104(21.2) dans sa déclaration de revenu produite pour une année d’imposition antérieure qui : (I) soit s’est terminée après 1987 et avant 1990, (II) soit a commencé après le 27 février 2000 et s’est terminée avant le 18 octobre 2000, (B) le produit de la multiplication de l’inverse de la fraction figurant à l’alinéa 38a) qui s’applique à la fiducie pour chacune de ses années d’imposition qui comprend le 28 février 2000 ou le 18 octobre 2000 par le montant qu’elle a attribué à un bénéficiaire en application du paragraphe 104(21.2) dans sa déclaration de revenu pour cette année, (i.2) le total des montants représentant chacun les 4/3 du montant que la fiducie a attribué à un bénéficiaire en application du paragraphe 104(21.2) dans sa déclaration de revenu produite pour une année d’imposition antérieure terminée après 1989 et avant le 28 février 2000, sur : (ii) le total des montants dont chacun représente un montant que la fiducie a déduit en vertu de l’alinéa 1c) à cause du sous-alinéa 1c)(viii) dans le calcul de la perte au titre d’un placement d’entreprise prise qu’elle a subie : (A) soit à la disposition de biens au cours des années d’imposition antérieures à l’année, (B) soit à la disposition d’autres biens que le bien donné au cours de l’année, toutefois lorsqu’un montant donné est inclus, en application du sous-alinéa 14(1)a)(v), dans le revenu de la fiducie pour une année d’imposition qui s’est terminée après 1987 et avant 1990, la mention « 3/2 » au sous-alinéa (i.1) vaut mention de « 4/3 » pour ce qui est de la partie d’un montant qui est déduit en application de l’article 110.6 au titre de ce montant donné. Recouvrement d’une créance irrécouvrable
Dans le cas où une somme est reçue au cours d’une année d’imposition sur une créance au titre de laquelle une déduction pour créance irrécouvrable a été faite en
(III) for the purposes of sub-subclause (II)2, the relevant assumptions in respect of the payment are
For the purpose of paragraph 39(1)(c), where Repayment of assistance --- application du paragraphe 20(4.2) dans le calcul du revenu d’un contribuable pour une année d’imposition antérieure, l’excédent éventuel de la moitié de la somme ainsi reçue sur le montant calculé selon l’alinéa 12(1)i.1) au titre de cette somme est réputé être un gain en capital imposable du contribuable provenant de la disposition d’une immobilisation au cours de l’année. Garantie
on the particular debt in the taxation year of the foreign affiliate or the partnership in which an amount in respect of the payment would, in the absence of subclause (III), be included under subsection 12.7(3) in the income of the foreign affiliate or partnership, and
Pour l’application de l’alinéa 1)c), dans le cas où, aux termes d’une entente de garantie de dette, un contribuable a payé une somme à une personne avec laquelle il n’a aucun lien de dépendance au titre de la dette d’une société qui est une société exploitant une petite entreprise : (i) au moment où la dette a été contractée, et (ii) à un moment donné au cours des 12 mois précédant le moment où un montant devient payable pour la première fois par le contribuable aux termes de l’entente au titre d’une dette de la société, la partie du montant que la société doit au contribuable est réputée être une créance de celui-ci sur une société exploitant une petite entreprise. Remboursement d’un montant d’aide
(IV) the definition Canadian ordinary income in subsection 18.4(1) is to be read as if
Est réputé être une perte en capital d’un contribuable pour une année d’imposition résultant de la disposition d’un bien par lui au cours de l’année le total des montants que le contribuable a payés au cours de l’année représentant chacun : a) soit la fraction d’un montant d’aide visé au sous-alinéa 53(2)k)(i) et reçu au titre d’une immobilisation (sauf un bien amortissable) ou en vue de l’acquisition d’une telle immobilisation par lui, qu’il a remboursée au cours de l’année, dans le cas où le remboursement a été effectué après que le contribuable a disposé de l’immobilisation et en exécution d’une obligation de rembourser tout ou partie de cette aide; b) soit un montant que le contribuable a remboursé au cours de l’année au titre d’une immobilisation, sauf un bien amortissable, qu’il a acquise, dans le cas où le remboursement, après la disposition de l’immobilisation et, à cette part, aurait été visé au sous-alinéa 53(2)(k)(ii) s’il avait été effectué avant la disposition. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: 1985, c. 1 (5th Supp.), s. 39; 1994, c. 7, Sch. II, s. 22; Stat. Can., 1995, c. 21, ss. 184 to 185; c. 22, ss. 10, 34; 1998, c. 19, s. 7; 2000, c. 12, s. 142; 2001, c. 17, ss. 282, 290; 2009, c. 2, s. 36; 2013, c. 34, s. 486; 2014, c. 39, s. 10; 2016, c. 12, s. 13; 2017, c. 33, s. 9; 2019, c. 29, s. 4; 2024, c. 17, s. 7.] Definitions
“(ii) the amount is described in paragraph (b) or (c) of the description of A in the definition foreign accrual property income in subsection 95(1), or”, and
A - B - C - F where A is D - E where Pour l’application de l’article 110.6, le contribuable est réputé avoir disposé du bien au cours de l’année. [NOTE: Les dispositions d’application ne sont pas incluses dans le présent codifié; voir lois et règlements modificatifs appropriés : L.R. (1985), ch. 1 (5e suppl.), art. 39; 1994, ch. 7, ann. II, art. 22; L.C. (1995), ch. 21, art. 184, 185; ch. 22, art. 10, 34; 1998, ch. 19, art. 7; 2000, ch. 12, art. 142; 2001, ch. 17, art. 282 et 290; 2009, ch. 2, art. 36; 2013, ch. 34, art. 486; 2014, ch. 39, art. 10; 2016, ch. 12, art. 13; 2017, ch. 33, art. 9; 2019, ch. 29, art. 4; 2024, ch. 17, art. 7.] Définitions
“D is the total of all amounts, each of which is an amount, in respect of the payment, that is included in the description of H in the definition foreign accrual property income in subsection 95(1) in computing the foreign accrual property income of a member of the partnership for a taxation year; or”; (f.12) a foreign affiliate of a taxpayer shall determine each of the following amounts using its calculating currency for a taxation year: (i) subject to paragraph (f.13), each capital gain, capital loss, taxable capital gain and allowable capital loss (other than a gain or loss in respect of a debt referred to in subparagraph (ii)(i) or (ii)) of the foreign affiliate for the taxation year from the disposition, at any time, of a property that, at that time, was an excluded property of the foreign affiliate, (ii) its income or loss for the taxation year from each active business carried on by it in the taxation year in a country, and (iii) its income or loss that is included in computing its income or loss from an active business for the taxation year because of paragraph (a); (f.13) where the calculating currency of a foreign affiliate of a taxpayer is a currency other than Canadian currency, the foreign affiliate shall determine the amount included in computing its foreign accrual property income, in respect of the taxpayer for a taxation year of the foreign affiliate, attributable to its capital gain or taxable capital gain, from the disposition of an excluded property in the taxation year, in Canadian currency by converting the amount of the capital gain, or taxable capital gain, otherwise determined under subparagraph (f.12)(i) using its calculating currency for the taxation year into Canadian currency using the rate of exchange quoted by the Bank of Canada on the day on which the disposition was made, or another rate of exchange that is acceptable to the Minister; (f.14) a foreign affiliate of a taxpayer is to determine using Canadian currency each amount of its income, loss, capital gain, capital loss, taxable capital gain or allowable capital loss for a taxation year, other than an amount to which paragraph (f.12), (f.13) or (f.15) applies; (f.15) for the purposes of applying subparagraph (f)(i), the references in subsection 39(2) to “Canadian currency” are to be read as “the taxpayer’s calculating currency”; (f) in respect of a debt obligation owing by a foreign affiliate of a taxpayer, or a partnership of which the foreign affiliate is a member, that is a debt referred to in subparagraph (i)(i) or (ii), and (ii) in respect of an agreement described in subparagraph (i)(ii) entered into by a foreign affiliate of a taxpayer, or a partnership of which the foreign affiliate is a member; (g) income earned, a loss incurred or a capital gain or capital loss realized, as the case may be, in a taxation year by a particular foreign affiliate of a taxpayer in respect of which the taxpayer has a qualifying interest throughout the taxation year or a particular foreign affiliate of a taxpayer that is a controlled foreign affiliate of the taxpayer throughout the taxation year, because of a fluctuation in the value of the currency of a country other than Canada relative to the value of Canadian currency, is deemed to be nil if it is earned, incurred or realized in reference to any of the following sources: (i) a debt obligation that was owing to (A) another foreign affiliate of the taxpayer in respect of which the taxpayer has a qualifying interest throughout the year (which other foreign affiliate is referred to in this paragraph as a “qualified foreign affiliate”) by the particular affiliate, or (B) the particular affiliate by a qualified foreign affiliate, (ii) the redemption, acquisition or cancellation of, or a qualifying return of capital (within the meaning assigned by subsection 90(3)) in respect of, a share of the capital stock of a qualified foreign affiliate by the qualified foreign affiliate, or (iii) the disposition to a qualified foreign affiliate of a share of the capital stock of another qualified foreign affiliate; (g.01) any income, loss, capital gain or capital loss, derived by a foreign affiliate of a taxpayer under or as a result of an agreement that provides for the purchase, sale or exchange of currency and that can reasonably be considered to have been made by the foreign affiliate to reduce its risk with respect to any source, any particular income, gain or loss determined in reference to which is deemed by paragraph (g) to be nil) of fluctuations in the value of currency, is, to the extent of the absolute value of the particular income, gain or loss, deemed to be nil; (g.03) if at any time a particular foreign affiliate referred to in paragraph (g) is a member of a partnership or a qualified foreign affiliate referred to in that paragraph is a member of a partnership, (i) in applying this paragraph, where a debt obligation is owing at that time by a debtor to the partnership of which the particular foreign affiliate is a member, the debt obligation is deemed to be owing at that time by the debtor to the particular foreign affiliate in the proportion that the particular foreign affiliate shared in any income earned, loss incurred or capital gain or capital loss realized by the partnership in respect of the debt obligation, (ii) in applying this paragraph, where a debt obligation is owing at that time to a creditor by the partnership of which the particular foreign affiliate is a member, the debt obligation is deemed to be owing at that time to the creditor by the particular foreign affiliate in the proportion that the particular foreign affiliate shared in any income earned, loss incurred or capital gain or capital loss realized by the partnership in respect of the debt obligation, (iii) in applying paragraph (g) and this paragraph, where a debt obligation is owing at that time by the debtor to the partnership of which the qualified foreign affiliate is a member, the debt obligation is deemed to be owing at that time by the debtor to the qualified foreign affiliate in the proportion that the qualified foreign affiliate shared in any income earned, loss incurred or capital gain or capital loss realized by the partnership in respect of the debt obligation, (iv) in applying paragraph (g) and this paragraph, where a debt obligation is owing at that time to a creditor by the partnership of which the qualified foreign affiliate is a member, the debt obligation is deemed to be owing at that time to the creditor by the qualified foreign affiliate in the proportion that the qualified foreign affiliate shared in any income earned, loss incurred or capital gain or capital loss realized by the partnership in respect of the debt obligation, and (v) in computing the particular foreign affiliate’s income or loss from a partnership, any income earned, loss incurred or capital gain or capital loss realized, as the case may be, by the partnership in respect of the portion of a debt obligation owing to or owing by the partnership that is deemed by any of subparagraphs (i) to (iv) to be a debt obligation owing to or owing by the particular foreign affiliate (referred to in this subparagraph as the “allocated debt obligation”) — because of a fluctuation in the value of the currency of a country other than Canada relative to the value of Canadian currency, that is attributable to the allocated debt obligation is deemed to be nil to the extent that paragraph (g) would, if the rules in subparagraphs (i) to (iv) were applied, have applied to the particular foreign affiliate, to deem to be nil the income earned, loss incurred or capital gain or capital loss realized, as the case may be, by the particular foreign affiliate in respect of the allocated debt obligation, because of a fluctuation in the value of the currency of a country other than Canada relative to the value of Canadian currency; (g.04) if at any time a corporation resident in Canada or a partnership of which such a corporation is a member (such corporation or partnership referred to in this paragraph as the “borrowing party”) has received a loan from, or become indebted to, a creditor that is a foreign affiliate (referred to in this paragraph as a “creditor affiliate”) of a qualifying entity (in this paragraph within the meaning assigned by subsection 39(2.2)), or that is a partnership (referred to in this paragraph as a “creditor partnership”) of which such an affiliate is a member, and the loan or indebtedness is at a later time repaid, in whole or in part, then the amount of the creditor affiliate’s or creditor partnership’s capital gain or capital loss, as the case may be, determined in the absence of this paragraph, in respect of the repayment, is to be reduced (i) in the case of a capital loss (A) if the creditor is a creditor affiliate, by an amount, not exceeding the amount of that capital loss so determined, that is determined by the formula A is the amount by which the borrowing party’s capital gain is reduced under paragraph 39(2.1)(a) in respect of that repayment, and B is the total of all participating percentages, determined at the end of the taxation year of the creditor affiliate that includes the later time, of shares of the capital stock of a foreign affiliate that are owned by qualifying entities and on which an amount would be included under subsection 91(1), on the assumptions that (I) the capital loss of the creditor affiliate, determined in the absence of this paragraph, in respect of the repayment of the loan or indebtedness were a capital gain of the creditor affiliate, and (II) neither the creditor affiliate nor any other foreign affiliate of a qualifying entity had any other income, gain or loss for any taxation year, and (B) if the creditor is a creditor partnership, by an amount, not exceeding the capital loss so determined, that is equal to the amount determined by the formula A is the amount by which the borrowing party’s capital gain is reduced under paragraph 39(2.1)(a) in respect of that repayment, B is the proportion that the amount of the capital loss of the creditor partnership in respect of the repayment of the loan or indebtedness, determined in the absence of this paragraph, that would be included in the determination of the income, gain or loss of the members of the creditor partnership that are foreign affiliates of qualifying entities is of the amount of the capital loss so determined, and is the total of all participating percentages, each of which is the participating percentage in respect of a share of the capital stock of a foreign affiliate of a qualifying entity, and that is owned by a qualifying entity, that is relevant in determining the amount that would be included in computing a qualifying entity’s income under subsection 91(1), on the assumptions that (I) the capital loss of the creditor partnership, determined in the absence of this paragraph, in respect of the repayment of the loan or indebtedness were a capital gain of the creditor partnership, and (II) neither the creditor partnership nor any foreign affiliate of a qualifying entity had any other income, gain or loss for any taxation year, and (A) if the creditor is a creditor affiliate, by an amount, not exceeding that capital gain so determined, that is equal to the amount determined by the formula is the amount by which the borrowing party is required to reduce its capital loss under paragraph 39(2.1)(b) in respect of that repayment, and is the total of all participating percentages, determined at the end of the taxation year of the creditor affiliate that includes the later time, of shares of the capital stock of a foreign affiliate that are owned by qualifying entities and on which an amount would be included under subsection 91(1), on the assumption that neither the creditor affiliate nor any foreign affiliate of a qualifying entity had any other income, gain or loss for any taxation year other than its capital gain, determined in the absence of this paragraph in respect of the repayment of the loan or indebtedness, and (B) if the creditor is a creditor partnership, by an amount, not exceeding the capital loss so determined, that is equal to the amount determined by the following formula is the amount by which the borrowing party is required to reduce its capital loss under paragraph 39(2.1)(b) in respect of that repayment, is the proportion that the amount of the capital gain of the creditor partnership in respect of the repayment of the loan or indebtedness, determined in the absence of this paragraph, that would be included in the determination of the income, gain or loss of the members of the creditor partnership that are foreign affiliates of qualifying entities of the amount of the capital gain so determined, and is the total of all participating percentages, each of which is the participating percentage in respect of a share of the capital stock of a foreign affiliate of a qualifying entity, and that is owned by a qualifying entity, that is relevant in determining the amount that would be included in computing a qualifying entity’s income under subsection 91(1), on the assumption that neither the creditor partnership nor any foreign affiliate of a qualifying entity has any income, gain or loss for any taxation year; (g.1) in computing the foreign accrual property income of a foreign affiliate of a taxpayer the Act shall be read (i) as if the expression “income, taxable income or taxable income earned in Canada, as the case may be” in the definition commercial debt obligation in subsection 80(1) were read as “foreign accrual property income (within the meaning assigned by subsection 95(1))”, and (g.2) for the purpose of computing the foreign accrual property income of a foreign affiliate of any taxpayer resident in Canada for a taxation year of the affiliate, an election made pursuant to paragraph 86.1(2)(f) in respect of a distribution received by the affiliate in a particular taxation year of the affiliate is deemed to have been filed under that paragraph by the affiliate if (i) where there is only one taxpayer resident in Canada in respect of whom the affiliate is a controlled foreign affiliate, the election is filed by the taxpayer with the taxpayer’s return of income for the taxpayer's taxation year in which the particular year of the affiliate ends, and (ii) where there is more than one taxpayer resident in Canada in respect of whom the affiliate is a controlled foreign affiliate, all of those taxpayers jointly elect in writing and each of them files the joint election with the Minister with their return of income for their taxation year in which the particular year of the affiliate ends; (i) any income, gain or loss of a foreign affiliate of a taxpayer or of a partnership of which a foreign affiliate of a taxpayer is a member (which foreign affiliate or partnership is referred to in this paragraph as the “debtor”), for a taxation year or fiscal period of the debtor, as the case may be, is deemed to be income, a gain or a loss, as the case may be, from the disposition of an excluded property of the debtor, if the income, gain or loss is (i) derived from the settlement or extinguishment of a debt of the debtor all or substantially all of the proceeds from which (A) were used to acquire property, if at all times after the time at which the debt became debt of the debtor and before the time of that settlement or extinguishment, the property (or property substituted for the property) was property of the debtor and was, or would if the debtor were a foreign affiliate of the taxpayer be, excluded property of the debtor, (B) were used at all times to earn income from an active business carried on by the debtor, or (C) were used by the debtor for a combination of the uses described in clause (A) or (B), (ii) derived from the settlement or extinguishment of a debt of the debtor all or substantially all of the proceeds from which were used to settle or extinguish a debt referred to in subparagraph (i) or in this subparagraph, or (iii) derived under or as a result of an agreement that provides for the purchase, sale or exchange of currency and that can reasonably be considered to have been made by the debtor to reduce its risk, with respect to a debt referred to in subparagraph (i) or (ii), of fluctuations in the value of the currency in which the debt was denominated; (j) the adjusted cost base to a foreign affiliate of a taxpayer of an interest in a partnership at any time shall be such amount as is prescribed by regulation; and (j.1) paragraph (j.2) applies if, in a particular taxation year of a foreign affiliate of a taxpayer or in a particular fiscal period of a partnership (which foreign affiliate or partnership is referred to in this paragraph and paragraph (j.2) as the “operator” and which particular taxation year or particular fiscal period is referred to in this paragraph and paragraph (j.2) as the “specified taxation year”) a member of which is, at the end of the period, a foreign affiliate of a taxpayer, (i) the operator carries on a business, (ii) the business includes the insuring of risks, (iii) the business is not, at any time, a taxable Canadian business, (iv) the business is (A) an investment business, (B) a non-qualifying business, or (C) a business whose activities include activities deemed by paragraph (a.2) or (b) to be a separate business, other than an active business, carried on by the affiliate, and (v) in respect of the investment business, non-qualifying business or separate business (each of these businesses being referred to in this subparagraph and paragraph (j.2) as a “foreign business”), as the case may be, the operator would, if it were a corporation carrying on the foreign business in Canada, be required by law to report to, and be subject to the supervision of, a regulatory authority that is the Superintendent of Financial Institutions or is a similar authority of a province; (j.2) if this paragraph applies, in computing the operator’s income or loss from the foreign business for the specified taxation year and each subsequent taxation year or fiscal period in which the foreign business is carried on by the operator (i) the operator is deemed to carry on the foreign business in Canada throughout that part of the specified taxation year, and of each of those subsequent taxation years or fiscal periods, in which the foreign business is carried on by the operator, and (ii) for the purposes of Part XIV of the Income Tax Regulations, (A) the operator is deemed to be required by law to report to, and to be subject to the supervision of, the regulatory authority referred to in subparagraph (j.1)(v), and (B) if the operator is a life insurer and the foreign business is part of a life insurance business, the life insurance policies issued in the conduct of the foreign business are deemed to be life insurance policies in Canada; (i) in a particular taxation year of a foreign affiliate of a taxpayer or in a particular fiscal period of a partnership (which foreign affiliate or partnership is referred to in this paragraph and paragraph (k.1) as the “operator” and which particular taxation year or particular fiscal period is referred to in this paragraph and paragraph (k.1) as the “specified taxation year”) a member of which is, at the end of the period, a foreign affiliate of a taxpayer, (A) the operator carries on a business, (B) the business is not, at any time, a taxable Canadian business, and (C) the business is (I) an investment business, (II) a non-qualifying business, (III) a business whose activities include activities deemed by any of paragraphs (a.1) to (b) to be a separate business, other than an active business, carried on by the affiliate, or (IV) a business the income from which is included by paragraph (f) in computing the affiliate’s income from property for the specified taxation year, and (ii) in the taxation year of the affiliate or the fiscal period of the partnership that includes the day that is immediately before the beginning of the specified taxation year, (A) the affiliate or partnership carried on the business, or the activities so deemed to be a separate business, as the case may be, (B) the business was not, or the activities were not, as the case may be, at any time, part of a taxable Canadian business, and (C) the business was not described in any of subclauses (i)(C)(I), (II) and (IV), or the activities were not described in subclause (i)(C)(III), as the case may be; (k.1) if this paragraph applies, in computing the operator’s income or loss from the investment business, non-qualifying business, separate business or business described in paragraph (l) (each of these businesses being referred to in this paragraph as a “foreign business”), as the case may be, and the operator’s capital gain or capital loss from the disposition of property used or held in the course of carrying on the foreign business, for the specified taxation year and each subsequent taxation year or fiscal period in which the foreign business is carried on by the operator (i) the operator is deemed (A) to begin to carry on the foreign business in Canada at the beginning of the specified taxation year, and (B) to carry on the foreign business in Canada throughout that part of the specified taxation year, and of each of those subsequent taxation years or fiscal periods, in which the foreign business is carried on by the operator, (ii) where, in respect of the foreign business, the operator would, if it were a corporation carrying on the foreign business in Canada, be required by law to report to, and be subject to the supervision of, a regulatory authority that is the Superintendent of Financial Institutions or a similar authority of a province, (A) the operator is deemed to be required by law to report to, and to be subject to the supervision of, the regulatory authority, and (B) if the operator is a life insurer and the foreign business is part of a life insurance business, the life insurance policies issued in the conduct of the foreign business are deemed to be life insurance policies in Canada, and (iii) paragraphs 138(11.91)(c) to (e) apply to the operator for the specified taxation year in respect of the foreign business as if (A) the operator were the insurer referred to in subsection 138(11.91), (B) the specified taxation year of the operator were the particular taxation year of the insurer referred to in that subsection, (C) the foreign business of the operator were the business of the insurer referred to in that subsection, and (D) the reference in paragraph 138(11.91)(e) to “property owned by it at that time that is designated insurance property in respect of the business” were read as a reference to “property owned or held by it at that time that is used or held by it in the particular taxation year in the course of carrying on the insurance business”; (k.2) for the purposes of paragraphs (j.1) to (k.1) and the definition taxable Canadian business in subsection (1), any portion of a business carried on by a person or partnership that is carried on in Canada is deemed to be a business that is separate from any other portion of the business carried on by the person or partnership; (l) in computing the income from property for a taxation year of a foreign affiliate of a taxpayer there shall be included the income of the affiliate for the year from a business (other than an investment business of the affiliate) the principal purpose of which is to derive income from trading or dealing in indebtedness (which for the purpose of this paragraph includes the earning of interest on indebtedness) other than (i) indebtedness owing by persons with whom the affiliate deals at arm’s length who are resident in the country in which the affiliate was formed or continued and exists and is governed and in which the business is principally carried on, or (ii) trade accounts receivable owing by persons with whom the affiliate deals at arm’s length, unless it is established by the taxpayer or the foreign affiliate that, throughout the period in the taxation year during which the business was carried on by the affiliate, (iii) the business (other than any business conducted principally with persons with whom the affiliate does not deal at arm’s length) is carried on by the affiliate as a foreign bank, a trust company, a credit union, an insurance corporation or a trader or dealer in securities or commodities, the activities of which are regulated under the laws (A) of each country in which the business is carried on through a permanent establishment in that country and of the country under whose laws the affiliate is governed and any of exists, SUBDIVISION i Shareholders of Corporations Not Resident in Canada was (unless the affiliate was continued in any jurisdiction) formed or organized, or was last continued, (B) of the country in which the business is principally carried on, or (C) if the affiliate is related to a non-resident corporation, of the country under whose laws that non-resident corporation is governed and any of exists, was (unless that non-resident corporation was continued in any jurisdiction) formed or organized, or was last continued, if those regulating laws are recognized under the laws of the country in which the business is principally carried on and all of those countries are members of the European Union. (m) a taxpayer has a qualifying interest in respect of a foreign affiliate of the taxpayer at any time if, at that time, the taxpayer owned (i) not less than 10% of the issued and outstanding shares (having full voting rights under all circumstances) of the affiliate, and (ii) shares of the affiliate having a fair market value of not less than 10% of the fair market value of all the issued and outstanding shares of the affiliate and for the purpose of this paragraph (iii) where, at any time, shares of a corporation are owned or are deemed for the purposes of this paragraph to be owned by another corporation (in this paragraph referred to as the “holding corporation”), those shares shall be deemed to be owned at that time by each shareholder of the holding corporation in a proportion equal to the proportion of all such shares that (A) the fair market value of the shares of the holding corporation owned at that time by the shareholder is of (B) the fair market value of all the issued shares of the holding corporation outstanding at that time, (iv) where, at any time, shares of a corporation are property of a partnership or are deemed for the purposes of this paragraph to be property of a partnership, those shares shall be deemed to be owned at that time by each member of the partnership in a proportion equal to the proportion of all such shares that (A) the member’s share of the income or loss of the partnership for its fiscal period that includes that time is of (B) the income or loss of the partnership for its fiscal period that includes that time and for the purpose of this subparagraph, where the income and loss of the partnership for its fiscal period that includes that time are nil, that proportion shall be computed as if the partnership had income for the period in the amount of $1,000,000, and (v) where, at any time, a person is a holder of convertible property issued by the affiliate before June 23, 1994 the terms of which confer on the holder the right to exchange the convertible property for shares of the affiliate and the taxpayer elects in its return of income for its first taxation year that ends after that time to have the provisions of this paragraph apply to the taxpayer in respect of all the convertible property issued by the affiliate and outstanding at that time, each holder shall, in respect of the convertible property held by it at that time, be deemed to have, immediately before that time, (A) exchanged the convertible property for shares of the affiliate, and (B) acquired shares of the affiliate in accordance with the terms and conditions of the convertible property; (n) in applying paragraphs (a) and (g), paragraph (b) of the description of A in the formula in the definition foreign accrual property income in subsection (1), subsections (2.2), (2.21) and 93.1(5) and paragraph (d) of the definition exempt earnings, and paragraph (c) of the definition exempt loss, in subsection 5907(1) of the Income Tax Regulations, a non-resident corporation is deemed to be, at any time, a foreign affiliate of a particular corporation resident in Canada, and a foreign affiliate of the particular corporation in respect of which the particular corporation has a qualifying interest, if at that time (i) the non-resident corporation is a foreign affiliate of another corporation that is resident in Canada and that is related (otherwise than because SUBDIVISION I Shareholders of Corporations Not Resident in Canada of a right referred to in paragraph 251(5)(b)) to the particular corporation, and (ii) that other corporation has a qualifying interest in respect of the non-resident corporation; (o) a particular person is a qualifying member of a partnership at a particular time if, at that time, the particular person is a member of the partnership and (i) throughout the period, in the fiscal period of the partnership that includes the particular time, during which the member was a member of the partnership, the particular person is, on a regular, continuous and substantial basis (A) actively engaged in those activities, of the principal business of the partnership carried on in that fiscal period by the partnership, that are other than activities connected with the provision of or the acquisition of funds required for the operation of that principal business, or (B) actively engaged in those activities, of a particular business carried on in that fiscal period by the particular person (otherwise than as a member of a partnership) in a similar manner to the principal business carried on in that fiscal period by the partnership, that are other than activities connected with the provision of or the acquisition of funds required for the operation of the particular business, or (ii) throughout the period, in the fiscal period of the partnership that includes the particular time, during which the particular person was a member of the partnership (A) the total of the fair market value of all partnership interests in the partnership owned by the particular person was equal to or greater than 10% of the total of the fair market value of all partnership interests in the partnership owned by all members of the partnership, and (B) the total of the fair market value of all partnership interests in the partnership owned by the particular person or persons (other than trusts) related to the particular person was equal to or greater than 10% of the total of the fair market value of all partnership interests in the partnership owned by all members of the partnership; (p) a particular person is a qualifying shareholder of a corporation at any time if throughout the period, in the taxation year of the corporation that includes that SUBDIVISION i Shareholders of Corporations Not Resident in Canada time, during which the particular person was a shareholder of the corporation (i) the particular person owned 1% or more of the issued and outstanding shares (having full voting rights under all circumstances) of the capital stock of the corporation, (ii) the particular person, or the particular person and persons (other than trusts) related to the particular person, owned 10% or more of the issued and outstanding shares (having full voting rights under all circumstances) of the capital stock of the corporation, (iii) the total of the fair market value of all the issued and outstanding shares of the capital stock of the corporation owned by the particular person is 1% or more of the total fair market value of all the issued and outstanding shares of the capital stock of the corporation, and (iv) the total of the fair market value of all the issued and outstanding shares of the capital stock of the corporation owned by the particular person or by persons (other than trusts) related to the particular person is 10% or more of the total fair market value of all the issued and outstanding shares of the capital stock of the corporation; (q) in applying paragraphs (o) and (p), (i) where interests in any partnership or shares of the capital stock of any corporation (which interests or shares are referred to in this subparagraph as "equity interests") are, at any time, property of a particular partnership or are deemed under this paragraph to be, at any time, property
**entité intermédiaire** a) Société de placement; b) société de placement hypothécaire; c) société de placement à capital variable; d) fiducie de fonds commun de placement; e) société de personnes; f) fiducie créée à l’égard du fonds réservé pour l’application de l’article 138.1; g) fiducie régie par un régime de participation des employés aux bénéfices; h) fiducie administrée principalement au profit des employés d’une société ou de plusieurs sociétés qui ont entre elles un lien de dépendance, dans le cas où l’un des principaux objets de la fiducie consiste à déterminer des intérêts ou, pour l’application du droit civil, des droits sur des actions du capital-actions de la ou des sociétés ou d’une société ayant un lien de dépendance avec celles-ci; i) fiducie établie au profit exclusif d’une ou plusieurs personnes dont chacune était, au moment de l’établissement de la fiducie, soit une personne qui a reçu un bien, soit un créancier d’une telle personne, dans le cas où l’un des principaux objets de la fiducie consiste à garantir les paiements à faire par cette personne, ou pour son compte, à ce créancier; j) fiducie dont la totalité, ou presque, des biens consistent en actions du capital-actions d’une société, dans le cas où la fiducie a été constituée en conformité avec une convention entre plusieurs actionnaires de la société et où l’un des principaux objets de la fiducie consiste à permettre l’exercice des droits de vote rattachés à ces actions selon cette convention. (flow-through entity) B C is (a) if the entity is a trust described in any of paragraphs (d) and (h) to (j) of the definition flow-through entity in this subsection, the total of (i) 3/2 of the total of Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of paragraph 95(2)(b), services includes the insurance of Canadian risks but does not include (b) services performed in connection with the purchase or sale of goods; (c) the transmission of electronic signals or electricity along a transmission system located outside Canada; or SUBDIVISION I Shareholders of Corporations Not Resident in Canada (d) the manufacturing or processing outside Canada, in accordance with the taxpayer’s specifications and under a contract between the taxpayer and the affiliate, of tangible property, or for civil law corporeal property, that is owned by the taxpayer if the property resulting from the manufacturing or processing is used or held by the taxpayer in the ordinary course of the taxpayer’s business carried on in Canada. (3.01) Paragraph (2)(b) does not apply to a controlled foreign affiliate (for the purposes of section 17) of an eligible Canadian bank (as defined in subsection (2.43)) in respect of services performed in connection with the purchase or sale of a property described in paragraph (2.31)(b) if (a) the services have been performed by the affiliate (i) under terms and conditions that are substantially the same as the terms and conditions that would have been made between persons who deal at arm’s length with each other, (ii) in the course of a business (A) that regularly includes trading or dealing in securities principally with persons with whom the affiliate deals at arm’s length, and (B) that is principally carried on through a permanent establishment in a country other than Canada, and (iii) for the purpose of enabling the acquisition or disposition of the property by a person who, at the time of the acquisition or disposition, deals at arm’s length with the affiliate and the eligible Canadian bank; and (b) the affiliate is a foreign bank or a trader or dealer in securities and the activities of the business are regulated (i) under the laws of the country under whose laws the affiliate is governed and any of exists, was (unless the affiliate was continued in any jurisdiction) formed or organized, or was last continued, and under the laws of each country in which the business is carried on through a permanent establishment in that country, (ii) under the laws of the country (other than Canada) in which the business is principally carried on, or (iii) if the affiliate is related to a corporation, under the laws of the country under whose laws that related corporation is governed and any of exists, was (unless that related corporation was continued in any jurisdiction) formed or organized, or was last continued, if those regulating laws are recognized under the laws of the country in which the business is principally carried on and all those countries are members of the European Union. (a) a relevant person is (ii) a non-resident person if the non-resident person performs the services referred to in subparagraph (2)(b)(ii) in the course of a business (other than a treaty-protected business) carried on in Canada; and (b) any portion of a business carried on by a non-resident person that is carried on in Canada is deemed to be a business that is separate from any other portion of the business carried on by the person.
Impôt sur le revenu
(a) property that was sold to non-resident persons other than the affiliate, or sold to the affiliate for sale to non-resident persons, and (i) that (A) was — in the course of carrying on a business in Canada — manufactured, produced, grown, extracted or processed in Canada by the taxpayer, or by a person with whom the taxpayer does not deal at arm’s length, (B) was — in the course of a business carried on by a foreign affiliate of the taxpayer outside Canada — manufactured or processed from tangible property, or for civil law corporeal property, that, at the time of the manufacturing or processing, was owned by the taxpayer or by a person related to the taxpayer and used or held by the owner in the course of carrying on a business in Canada, if the manufacturing or processing was in accordance with the specifications of the owner of that tangible or corporeal property and under a contract between that owner and that foreign affiliate, (ii) that was acquired, in the course of carrying on a business in Canada, by a purchaser from a vendor, if (A) the purchaser is the taxpayer or is a person resident in Canada with whom the taxpayer does not deal at arm’s length, and (B) the vendor is a person (I) with whom the taxpayer deals at arm’s length, (II) who is not a foreign affiliate of the taxpayer, and (III) who is not a foreign affiliate of a person resident in Canada with whom the taxpayer does not deal at arm’s length, or (iii) that was acquired by a purchaser from a vendor, if (A) the purchaser is the taxpayer or is a person resident in Canada with whom the taxpayer does not deal at arm’s length, (B) the vendor is a foreign affiliate of (I) the taxpayer, or (II) a person resident in Canada with whom the taxpayer does not deal at arm’s length, and (C) that property was manufactured, produced, grown, extracted or processed in the country (I) under whose laws the vendor is governed and any of exists, was (unless the vendor was continued in any jurisdiction) formed or organized, or was last continued, and (II) in which the vendor’s business is principally carried on; or (b) property that is an interest in real property, or a real right in an immovable, located in, or a foreign resource property in respect of, the country (i) under whose laws the affiliate is governed and any of exists, was (unless the affiliate was continued in any jurisdiction) formed or organized, or was last continued, and (ii) in which the affiliate’s business is principally carried on. (3.2) For the purposes of clause (2)(a.1)(ii)(A), property of a particular foreign affiliate of a taxpayer is deemed to have been manufactured by the particular affiliate in a particular country if the property is (a) developed and designed by the particular affiliate in the particular country in the course of an active business carried on by the particular affiliate in the particular country; and (b) manufactured, produced or processed outside the particular country by another foreign affiliate of the taxpayer, during a period throughout which the taxpayer has a qualifying interest in the other affiliate, (i) under a contract between the particular affiliate and the other affiliate, and (ii) in accordance with specifications provided by the particular affiliate.
In this section, direct equity percentage at any time of any person in a corporation is the percentage determined by the following rules: (a) for each class of the issued shares of the capital stock of the corporation, determine the proportion of 100 that the number of shares of that class owned by that person at that time is of the total number of issued shares of that class at that time, and (b) select the proportion determined under paragraph (a) for that person in respect of the corporation that is not less than any other proportion so determined for that person in respect of the corporation at that time, and the proportion selected under paragraph (b), when expressed as a percentage, is that person’s direct equity percentage in the corporation at that time; (pourcentage d’intérêt direct) eligible controlled foreign affiliate, of a taxpayer, at any time, means a foreign affiliate of the taxpayer at that time, if (a) the affiliate is a controlled foreign affiliate of the taxpayer at that time and at the end of the affiliate’s taxation year that includes that time, and (b) the following condition is met: A is the total of all amounts each of which would be the participating percentage (determined at the end of the taxation year) of a share owned by the taxpayer of the capital stock of a corporation, in respect of the affiliate, if (i) the definition relevant cost base were read without reference to the words “if the affiliate is an eligible controlled foreign affiliate of the taxpayer at that time,” in its subparagraph (b)(i), and equity percentage at any time of a person, in any particular corporation, is the total of (a) the person’s direct equity percentage at that time in the particular corporation, and (b) all percentages each of which is the product obtained when the person’s equity percentage at that time in any corporation is multiplied by that corporation’s direct equity percentage at that time in the particular corporation except that for the purposes of the definition participating percentage in subsection 95(1), paragraph (b) shall be read as if the reference to “any corporation” were a reference to “any corporation other than a corporation resident in Canada”; (pourcentage d’intérêt) relevant cost base, of a property at any time to a foreign affiliate of a taxpayer, in respect of the taxpayer, means the greater of (a) the amount determined — or, if the taxpayer is not a corporation, the amount that would be determined if the taxpayer were a corporation resident in Canada — by the formula A is the amount that would be the proceeds of disposition of the property at that time, if, in the absence of paragraph (2)(f.1), no amount were deductible in computing the amounts described in the following clauses in respect of the affiliate: (i) exempt earnings, exempt loss, taxable earnings and taxable loss (these terms having the meanings assigned by subsection 5907(1) of the Income Tax Regulations) of the affiliate for the taxpayer’s taxation year that includes that time, and (ii) hybrid surplus and hybrid deficit, in respect of the taxpayer, at that time, B is the amount that would be deducted, under paragraph (2)(f.1), in respect of an amount of income from a disposition of the property if the property were disposed of at that time for proceeds equal to its fair market value at that time, A is the amount for which the property could be disposed of at that time that would not, in the absence of paragraph (2)(f.1), result in any amount being added to, or deducted from, any of the affiliate’s (i) exempt earnings, exempt loss, taxable earnings and taxable loss (all within the meaning of subsection 5907(1) of the Income Tax Regulations), in respect of the taxpayer, for the taxation year of the affiliate that includes that time, and (ii) hybrid surplus and hybrid deficit, in respect of the taxpayer, at that time, B is the amount, if any, by which any income or gain from a disposition of the property would, if the property were disposed of at that time for proceeds of disposition equal to its fair market value at that time be reduced under paragraph (2)(f.1), and C is the amount, if any, by which any loss from a disposition of the property would, if the property were disposed of at that time for proceeds of disposition equal to its fair market value at that time be reduced under paragraph (2)(f.1), and (i) if the affiliate is an eligible controlled foreign affiliate of the taxpayer at that time, the amount that the taxpayer elects, in accordance with prescribed rules, in respect of the property not exceeding the fair market value at that time of the property, or (4.1) In this section, the expressions foreign merger, predecessor foreign corporation, new foreign corporation and foreign parent corporation have the meanings assigned by subsection 87(8.1). Income bonds or debentures issued by foreign affiliates
For the purposes of this Subdivision, an income bond or income debenture issued by a corporation (other than a corporation resident in Canada) shall be deemed to be a share of the capital stock of the corporation unless any interest or other similar periodic amount paid by the corporation on or in respect of the bond or debenture was, under the laws of the country in which the corporation was resident, deductible in computing the amount for the year on which the corporation was liable to pay income or profits tax imposed by the government of that country. Where rights or shares issued, acquired or disposed of to avoid tax
For the purposes of this Subdivision (other than section 90), (a) where any person or partnership has a right under a contract, in equity or otherwise, either immediately or in the future and either absolutely or contingently, to, or to acquire, shares of the capital stock of a corporation or interests in a partnership and (i) it can reasonably be considered that the principal purpose for the existence of the right is to cause 2 or more corporations to be related for the purpose of paragraph 95(2)(a), those corporations shall be deemed not to be related for that purpose, or (ii) it can reasonably be considered that the principal purpose for the existence of the right is to permit any person to avoid, reduce or defer the payment of tax or any other amount that would otherwise be payable under this Act, those shares or partnership interests, as the case may be, are deemed to be owned by that person or partnership; and (b) where a person or partnership acquires or disposes of shares of the capital stock of a corporation or interests in a partnership, either directly or indirectly, and it can reasonably be considered that the principal purpose for the acquisition or disposition is to permit a person to avoid, reduce or defer the payment of tax or any other amount that would otherwise be payable under this Act, that acquisition or disposition is deemed not to have taken place, and where the shares or partnership interests were unissued by the corporation or partnership immediately before the acquisition, those shares or partnership interests, as the case may be, are deemed not to have been issued. SUBDIVISION I Shareholders of Corporations Not Resident in Canada Stock dividends from foreign affiliates
(ii) les 3/2 du total des montants représentant chacun le montant appliqué en réduction, par l’effet du paragraphe (3), du gain en capital imposable du particulier (déterminé compte non tenu du présent article), pour une année d’imposition antérieure ayant commencé après le 27 février 2000 et s’étant terminée avant le 18 octobre 2000, résultant d’une attribution effectuée par la fiducie aux termes du paragraphe 104(21), (iii) les 4/3 du total des montants représentant chacun le montant appliqué en réduction, par l’effet du paragraphe (3), du gain en capital imposable du particulier (déterminé compte non tenu du présent article), pour une année d’imposition antérieure ayant commencé après le 28 février 2000, résultant d’une attribution effectuée par la fiducie aux termes du paragraphe 104(21), (iv) le montant demandé par le particulier en application des sous-alinéas 104(21.4)a)(ii) ou 21.7)b)(ii) pour une année d’imposition antérieure, b) si l’entité est une société de personnes, la somme des montants suivants : (i) les 3/2 de la somme des montants suivants : (A) le total des montants représentant chacun le montant appliqué en réduction, par l’effet du paragraphe (4), de la part qui revient au particulier des gains en capital imposables de la société de personnes (déterminés compte non tenu du présent article) pour un exercice de celle-ci ayant commencé après le 27 février 2000 et s’étant terminé avant le 18 octobre 2000, (B) le total des montants représentant chacun le montant appliqué en réduction, par l’effet du paragraphe (5), de la part qui revient au particulier du revenu de la société de personnes tiré d’une entreprise (déterminé compte non tenu du présent article) pour un exercice de celle-ci ayant commencé après le 27 février 2000 et s’étant terminé avant le 18 octobre 2000, (ii) 4/3 of the total of (iv) twice the total of F is (b) in any other case, nil; (solde des gains en capital exonérés) (a) an investment corporation, (d) a mutual fund trust, (ii) les 4/3 de la somme des montants suivants : (A) le total des montants représentant chacun le montant appliqué en réduction, par l'effet du paragraphe (4), de la part qui revient au particulier des gains en capital imposables de la société de personnes (déterminés compte non tenu du présent article) pour un exercice de celle-ci terminé avant le 28 février 2000 et dans une année d'imposition antérieure, (B) le total des montants représentant chacun un montant appliqué en réduction, par l'effet du paragraphe (5), de la part qui revient au particulier du revenu de la société de personnes tiré d'une entreprise (déterminé compte non tenu du présent article) pour un exercice de celle-ci terminé avant le 28 février 2000 et dans une année d'imposition antérieure, (iii) le produit de la multiplication de l'inverse de la fraction figurant à l'alinéa 38a) qui s'applique à la société de personnes pour un exercice de celle-ci terminé le 28 février 2000 ou le 17 octobre 2000 par la somme des montants suivants : (A) le total des montants représentant chacun le montant appliqué en réduction, par l'effet du paragraphe (4), de la part qui revient au particulier des gains en capital imposables de la société de personnes (déterminés compte non tenu du présent article) pour un exercice de celle-ci comprenant le 28 février 2000 ou le 17 octobre 2000 et s'étant terminé dans une année d'imposition antérieure, (B) le total des montants représentant chacun le montant appliqué en réduction, par l'effet du paragraphe (5), de la part qui revient au particulier du revenu de la société de personnes tiré d'une entreprise (déterminé compte non tenu du présent article) pour un exercice de celle-ci comprenant le 28 février 2000 ou le 17 octobre 2000 et s'étant terminé dans une année d'imposition antérieure, (iv) le double de la somme des montants suivants : (A) le total des montants représentant chacun le montant appliqué en réduction, par l’effet du paragraphe (4), de la part qui revient au particulier des gains en capital imposables de la société de personnes (déterminés compte non tenu du présent article) pour un exercice de celle-ci ayant commencé après le 17 octobre 2000 et s’étant terminé dans une année d’imposition antérieure, (B) le total des montants représentant chacun le montant appliqué en réduction, par l’effet du paragraphe (5), de la part qui revient au particulier du revenu de la société de personnes tiré d’une entreprise (déterminé compte non tenu du présent article) pour un exercice de celle-ci ayant commencé après le 17 octobre 2000 et s’étant terminé dans une année d’imposition antérieure, c) dans les autres cas, le total des montants représentant chacun la proportion qui est réduite, par l’effet du paragraphe (6), du total des gains en capital du particulier pour une année d’imposition antérieure, déterminés par ailleurs selon les paragraphes 130.1(4) ou 131(1), les paragraphes 138.1(3) et (4) ou le paragraphe 144(4), relativement à l’entité; F a) si l’entité est une fiducie visée à l’un des alinéas g) à j) de la définition de entité intermédiaire, le total des montants représentant chacun un montant qui a été inclus avant l’année, en application du paragraphe 107(2.2) ou de l’alinéa 144(7.1)c), dans le coût d’un bien pour le particulier en raison de son solde des gains en capital exonérés relativement à l’entité, b) dans les autres cas, zéro. (exempt capital gains balance) Reduction of capital gain A - B - C where B is Réduction du gain en capital
For the purposes of this Subdivision and subsection 52(3), the amount of any stock dividend paid by a foreign affiliate of a corporation resident in Canada shall, in respect of the corporation, be deemed to be nil.
Dans le cas où un particulier dispose, après le 22 février 1994, d’une participation dans une entité intermédiaire ou d’une action du capital-actions d’une telle entité, son gain en capital, déterminé par ailleurs pour une année d’imposition, provenant de la disposition est réduit du montant qu’il demande, jusqu’à concurrence du résultat du calcul suivant : A - B - C où : A représente le solde des gains en capital exonérés du particulier pour l’année relativement à l’entité; B : Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of subsections (9) to (12), a particular property is a tracking interest in respect of a person or partnership (referred to in this subsection as the “tracked entity”) if (a) all or part of the fair market value of the particular property — or of any payment or right to receive an amount in respect of the particular property — can reasonably be considered to be determined, directly or indirectly, by reference to one or more of the following criteria in respect of property or activities of the tracked entity (referred to in this subsection and subsections (9) to (11) as the “tracked property and activities”): (i) the fair market value of property of the tracked entity, (ii) any revenue, income or cash flow from property or activities of the tracked entity, (iii) any profits or gains from the disposition of property of the tracked entity, and (iv) any similar criteria in respect of property or activities of the tracked entity; and (b) the tracked property and activities in respect of the particular property represent less than all of the property and activities of the tracked entity. Tracking interests — investment business definition
A - B where
For the purposes of the definition investment business in subsection (1), if, at any time in a taxation year of a foreign affiliate of a taxpayer, a person or partnership holds a tracking interest in respect of the affiliate or a partnership of which the affiliate is a member, the tracked property and activities in respect of the tracking interest are, to the extent they would not otherwise be part of an investment business of the affiliate, deemed, in respect of the taxpayer, SUBDIVISION I Shareholders of Corporations Not Resident in Canada (a) to be a separate business carried on by the affiliate throughout the year; and (b) not to be part of any other business of the affiliate.
[Repealed, 2016, c. 12, s. 14] --- Impôt sur le revenu
Subsection (11) applies in respect of a foreign affiliate of a taxpayer for a taxation year of the affiliate if, at any time in the year, (a) the taxpayer holds a property that is a tracking interest in respect of the affiliate; and (b) shares of a class of the capital stock of the affiliate the fair market value of which can reasonably be considered to be determined by reference to the tracked property and activities in respect of the tracking interest (referred to in subsection (11) as a “tracking class”) are held by the taxpayer or a foreign affiliate of the taxpayer.
If this subsection applies in respect of a foreign affiliate (referred to in this subsection as the “actual affiliate”) of a taxpayer for a taxation year of the actual affiliate, the following rules apply for the purpose of determining the amounts, if any, to be included under subsection 91(1), and to be deducted under subsection 91(4), by the taxpayer in respect of the year and for the purpose of applying section 233.4 in respect of the year: (a) the tracked property and activities of the actual affiliate are deemed to be property and activities of a non-resident corporation (referred to in this subsection as the “separate corporation”) that is separate from the actual affiliate and not to be property or activities of the actual affiliate; (b) any income, losses or gains for the year in respect of the property and activities described in paragraph (a) are deemed to be income, losses or gains of the separate corporation and not of the actual affiliate; (c) all rights and obligations of the actual affiliate in respect of the property and activities described in paragraph (a) are deemed to be rights and obligations of the separate corporation and not of the actual affiliate; SUBDIVISION I Shareholders of Corporations Not Resident in Canada (d) the separate corporation is deemed to have, at the end of the year, 100 issued and outstanding shares of a single class (referred to in this subsection as the “single class”) of its capital stock, having full voting rights under all circumstances; (e) each shareholder of the actual affiliate is deemed to own, at the end of the year, that number of shares of the single class that is equal to the product of 100 and the amount that would be the aggregate participating percentage (as defined in subsection 91(1.3)) of that shareholder in respect of the actual affiliate for the year if (i) the actual affiliate were a controlled foreign affiliate of that shareholder at the end of the year, (ii) the only shares of the capital stock of the actual affiliate issued and outstanding at the end of the year were shares of tracking classes in respect of the tracked properties and activities, and (iii) the only income, losses and gains of the actual affiliate for the year were those referred to in paragraph (b); and (f) any amounts included under subsection 91(1), or deducted under subsection 91(4), by the taxpayer in respect of shares of the separate corporation are deemed to be amounts included under subsection 91(1), or deducted under subsection 91(4), as the case may be, by the taxpayer in respect of shares of tracking classes held by the taxpayer or a foreign affiliate of the taxpayer, as the case may be. Tracking interests — controlled foreign affiliate
If subsection (11) does not apply in respect of a foreign affiliate of the taxpayer for a taxation year of the affiliate, the affiliate is deemed to be a controlled foreign affiliate of the taxpayer throughout the taxation year if, at any time in the year, a tracking interest in respect of the affiliate, or a partnership of which the affiliate is a member, is held by (b) a person or partnership (each referred to in this paragraph as a “holder”), if (i) the holder does not deal at arm’s length with the taxpayer at that time, SUBDIVISION I Shareholders of Corporations Not Resident in Canada (ii) where either the taxpayer or the holder is a partnership and the other party is not, any member of the partnership does not deal at arm’s length, at that time, with the other party, or (iii) where both the taxpayer and the holder are partnerships, the taxpayer or any member of the taxpayer does not deal at arm’s length, at that time, with the holder or any member of the holder. Partnerships and their Members General Rules
(a) the partnership were a separate person resident in Canada; (b) the taxation year of the partnership were its fiscal period; (c) each partnership activity (including the ownership of property) were carried on by the partnership as a separate person, and a computation were made of the amount of (i) each taxable capital gain and allowable capital loss of the partnership from the disposition of property, and (ii) each income and loss of the partnership from each other source or from sources in a particular place, for each taxation year of the partnership; (d) each income or loss of the partnership for a taxation year were computed as if (i) this Act were read without reference to sections 34.1 and 34.2, subsection 59(1), paragraph 59(3.2)(c.1) and subsections 66.1(1), 66.2(1) and 66.4(1), and (ii) no deduction were permitted under any of section 29 of the Income Tax Application Rules, subsection 65(1) and sections 66, 66.1, 66.2, 66.21 and 66.4; (e) each gain of the partnership from the disposition of land used in a farming business of the partnership were computed as if this Act were read without reference to paragraph 53(1)(i); (e.1) the amount, if any, by which (i) the total of all amounts determined under paragraphs 37(1)(a) to 37(1)(c.1) in respect of the partnership at the end of the taxation year were deducted under subsection 37(1) by the partnership in computing its income for the year; (f) the amount of the income of the partnership for a taxation year from any source or from sources in a particular place were the income of the taxpayer from that source or from sources in that particular place, as the case may be, for the taxation year of the taxpayer in which the partnership’s taxation year ends, to the extent of the taxpayer’s share thereof; and (g) the amount, if any, by which (i) the loss of the partnership for a taxation year from any source or sources in a particular place, (ii) in the case of a specified member (within the meaning of the definition specified member in subsection 248(1) if that definition were read without reference to paragraph (b) thereof) of the partnership in the year, the amount, if any, deducted by the partnership by virtue of section 37 in calculating its income for the taxation year from that source or sources in the particular place, as the case may be, and Income allocation to former member (1.01) If, at any time in a fiscal period of a partnership, a taxpayer ceases to be a member of the partnership (a) for the purposes of subsection (1), sections 34.1, 101 and 103 and paragraph 249.1(1)(b), and notwithstanding paragraph 98.1(1)(b), the taxpayer is deemed to be a member of the partnership at the end of the fiscal period; and (b) for the purposes of the application of paragraph (2.1)(b), subsection 40(3.12) and subparagraphs 53(1)(e)(i) and (viii) and (2)(c)(i) to the taxpayer, the fiscal period of the partnership is deemed to end (i) immediately before the time at which the taxpayer is deemed by subsection 70(5) to have disposed of the interest in the partnership, where the taxpayer ceased to be a member of the partnership because of the taxpayer’s death, and (ii) immediately before the time that is immediately before the time that the taxpayer ceased to be a member of the partnership, in any other case. Allocation of share of income to retiring partner (1.1) For the purposes of subsection 96(1) and sections 34.1, 34.2, 101, 103 and 249.1, (a) where the principal activity of a partnership is carrying on a business in Canada and its members have entered into an agreement to allocate a share of the income or loss of the partnership from any source or from sources in a particular place, as the case may be, to any taxpayer who at any time ceased to be a member of (i) the partnership, or (ii) a partnership that at any time has ceased to exist or would, but for subsection 98(1), have ceased to exist, and either (A) the members of that partnership, or (B) the members of another partnership in which, immediately after that time, any of the members referred to in clause 96(1.1)(a)(ii)(A) became members have agreed to make such an allocation or to the taxpayer’s spouse, or common-law partner, estate or heirs or to any person referred to in subsection 96(1.3), the taxpayer, spouse, or common-law partner, estate, heirs or person, as the case may be, shall be deemed to be a member of the partnership; and (b) all amounts each of which is an amount equal to the share of the income or loss referred to in this subsection allocated to a taxpayer from a partnership in respect of a particular fiscal period of the partnership shall, notwithstanding any other provision of this Act, be included in computing the taxpayer’s income for the taxation year in which that fiscal period of the partnership ends. Deemed dividend of SIFT partnership (1.11) If a SIFT partnership is liable to tax for a taxation year under Part IX.1, (a) paragraph (1)(f) is to be read as if the expression “the amount of the income of the partnership for a taxation year from any source or from sources in a particular place” were read as “the amount by which the income of the partnership for a taxation year from any source or from sources in a particular place exceeds, in respect of each such source, the portion of the partnership’s taxable non-portfolio earnings for the taxation year that is applicable to that source”; and (b) the partnership is deemed to have received a dividend in the taxation year from a taxable Canadian corporation equal to the amount by which the partnership’s taxable non-portfolio earnings for the taxation year exceeds the tax payable by the partnership for the taxation year under Part IX.1. (1.2) Where in a taxation year a taxpayer who has a right to a share of the income or loss of a partnership under an agreement referred to in subsection 96(1.1) disposes of that right, (a) there shall be included in computing the taxpayer’s income for the year the proceeds of the disposition; and SUBDIVISION J Partnerships and their Members (b) for greater certainty, the cost to the taxpayer of each property received by the taxpayer as consideration for the disposition is the fair market value of the property at the time of the disposition. (1.3) Where, by virtue of subsection 96(1.1) or 96(1.2), an amount has been included in computing a taxpayer’s income for a taxation year, there may be deducted in computing the taxpayer’s income for the year the lesser of (a) the amount so included in computing the taxpayer’s income for the year, and (b) the amount, if any, by which the cost to the taxpayer of the right to a share of the income or loss of a partnership under an agreement referred to in subsection 96(1.1) exceeds the total of all amounts in respect of that right that were deductible by virtue of this subsection in computing the taxpayer’s income for previous taxation years. Right deemed not to be capital property (1.4) For the purposes of this Act, a right to a share of the income or loss of a partnership under an agreement referred to in subsection 96(1.1) shall be deemed not to be capital property. Disposition by virtue of death of taxpayer (1.5) Where, at the time of a taxpayer’s death, the taxpayer has a right to a share of the income or loss of a partnership under an agreement referred to in subsection 96(1.1), subsections 70(2) to 70(4) apply. Members deemed carrying on business (1.6) If a partnership carries on a business in Canada at any time, each taxpayer who is deemed by paragraph (1.1)(a) to be a member of the partnership at that time is deemed to carry on the business in Canada at that time for the purposes of subsection 2(3), sections 34.1 and 150 and (subject to subsection 34.2(18)) section 34.2. Gains and losses (1.7) Notwithstanding subsection (1) or section 38, if in a particular taxation year of a taxpayer, the taxpayer is a member of a partnership with a fiscal period that ends in the particular year, the amount of a taxable capital gain, allowable capital loss or allowable business investment loss of the taxpayer for the particular year determined in SUBDIVISION J Partnerships and their Members respect of the partnership is the amount determined by the formula A is the amount of the taxpayer’s taxable capital gain, allowable capital loss or allowable business investment loss, as the case may be, for the particular year otherwise determined under this section in respect of the partnership; B is the relevant fraction that applies under paragraph 38(a), (a.1), (a.2), (b) or (c) for the particular year in respect of the taxpayer; and C is the fraction that was used under section 38 for the fiscal period of the partnership. (1.71) Where the fraction referred to in the description of C in subsection (1.7) cannot be determined by a taxpayer in respect of a fiscal period of a partnership that ended before February 28, 2000, or includes February 28, 2000 or October 17, 2000, for the purposes of subsection (1.7), the fraction is deemed to be (a) where the fiscal period ended before or began before February 28, 2000, 3/4; (b) where the fiscal period began after February 27, 2000 and before October 18, 2000, 2/3; and (c) in any other case, 1/2. (1.8) For the purposes of subsection 56(4.1) and sections 74.1 and 74.3, where an individual has transferred or lent property, either directly or indirectly, by means of a trust or by any other means whatever, to a person and the property or property substituted therefor is an interest in a partnership, the person’s share of the amount of any income or loss of the partnership for a fiscal period in which the person was a specified member of the partnership shall be deemed to be income or loss, as the case may be, from the property or substituted property.
a) si l’entité a fait une attribution aux termes du paragraphe 104(21) relativement au particulier pour l’année, le double du montant que le particulier a demandé en application du paragraphe (3) pour l’année relativement à l’entité, b) si l’entité est une société de personnes, le double du montant que le particulier a demandé en application du paragraphe (4) pour l’année relativement à l’entité, c) dans les autres cas, le montant que le particulier a demandé en application du paragraphe (6) pour l’année relativement à l’entité, et C le total des montants appliqués en réduction, par l’effet du présent paragraphe, des gains en capital du particulier, déterminés par ailleurs pour l’année, provenant de la disposition d’autres participations dans l’entité ou d’autres actions de son capital-actions. Réduction du gain en capital imposable
The provisions of this Subdivision shall be read and construed as if each of the assumptions in paragraphs 96(1)(a) to 96(1)(g) were made. (2.01) For the purposes of this section, a taxpayer includes a partnership. Limited partnership losses (2.1) Notwithstanding subsection 96(1), where a taxpayer is, at any time in a taxation year, a limited partner of a partnership, the amount, if any, by which a) the total of all amounts each of which is the taxpayer’s share of the amount of any loss of the partnership, determined in accordance with subsection 96(1), for a fiscal period of the partnership ending in the taxation year from a business (other than a farming business) or from property b) the amount, if any, by which (i) the taxpayer’s at-risk amount in respect of the partnership at the end of the fiscal period exceeds the total of (ii) the amount required by subsection 127(8), 127.4(11), 127.45(8), 127.48(12) or 127.49(8) in respect of the partnership to be added in computing the investment tax credit, the CCUS tax credit (as defined in subsection 127.44(1)), the clean technology investment tax credit (as defined in subsection 127.45(1)), the clean hydrogen tax credit (as defined in subsection 127.48(1)) or the CTM investment tax credit (as defined in subsection 127.49(1)) of the taxpayer for the taxation year, (iii) the taxpayer’s share of any losses of the partnership for the fiscal period from a farming business, and (A) the foreign resource pool expenses, if any, incurred by the partnership in the fiscal period, (B) the Canadian exploration expense, if any, incurred by the partnership in the fiscal period, (C) the Canadian development expense, if any, incurred by the partnership in the fiscal period, and (D) the Canadian oil and gas property expense, if any, incurred by the partnership in the fiscal period, (c) not be deducted in computing the taxpayer's income for the year, (e) if the taxpayer is not a partnership, be deemed to be the taxpayer's limited partnership loss in respect of the partnership for the year, and (f) if the taxpayer is a partnership, reduce the taxpayer's share of any loss of the partnership for a fiscal period of the partnership ending in the taxation year of the taxpayer from a business (other than a farming business) or from property. (2.11) The following rules apply to taxation years of a taxpayer that end after February 26, 2018: (a) for the purpose of applying section 111, the taxpayer's non-capital loss, or limited partnership loss in respect of a partnership, for a preceding taxation year shall be determined as if subsection (2.01) and paragraph (2.1)(f) applied in respect of taxation years that ended before February 27, 2018; and (b) in computing the adjusted cost base to the taxpayer of the taxpayer's interest in a partnership after February 26, 2018, there shall be added an amount equal to the portion of the amount of any reduction because of paragraph (a) in a non-capital loss of the taxpayer that can reasonably be considered to relate to the amount of a loss deducted under subparagraph 53(2)(c)(i) in computing the adjusted cost base of that interest. (2.2) For the purposes of this section and sections 111, 127, 127.44, 127.45, 127.47, 127.48 and 127.49, the at-risk amount of a taxpayer, in respect of a partnership of which the taxpayer is a limited partner, at any particular time is the amount, if any, by which the total of (a) the adjusted cost base to the taxpayer of the taxpayer's partnership interest at that time, computed in accordance with subsection 96(2.3) where applicable, (b) where the particular time is the end of the fiscal period of the partnership, the taxpayer's share of the income of the partnership from a source for that fiscal period computed under the method described in subparagraph 53(1)(e)(i), and (b.1) where the particular time is the end of the fiscal period of the partnership, the amount referred to in subparagraph 53(1)(e)(viii) in respect of the taxpayer for that fiscal period exceeds the total of (c) all amounts each of which is an amount owing at that time to the partnership, or to a person or partnership not dealing at arm’s length with the partnership, by the taxpayer or by a person or partnership not dealing at arm’s length with the taxpayer, other than any amount deducted under subparagraph 53(2)(c.1)(i.3) in computing the adjusted cost base, or under section 143.2 in computing the cost, to the taxpayer of the taxpayer’s partnership interest at that time, and (d) any amount or benefit that the taxpayer or a person not dealing at arm’s length with the taxpayer is entitled, either immediately or in the future and either absolutely or contingently, to receive or to obtain, whether by way of reimbursement, compensation, insurance guarantee, proceeds of disposition, loan or any other form of indebtedness or in any other form or manner whatever, granted or to be granted for the purpose of reducing the impact, in whole or in part, of the amount or benefit, except where the taxpayer is a member of the partnership or holds or disposes of an interest in the partnership, except to the extent that the amount or benefit is included in the determination of the value of J in the definition cumulative Canadian exploration expense in subsection 66.1(6), of M in the definition cumulative Canadian development expense in subsection 66.2(5) or of I in the definition cumulative Canadian oil and gas property expense in subsection 66.4(5) in respect of the taxpayer, or the entitlement arises (i) by virtue of a contract of insurance with an insurance corporation dealing at arm’s length with each member of the partnership under which the taxpayer is insured against any claim arising as a result of a liability incurred in the ordinary course of carrying on the partnership business, (iii) as a consequence of the death of the taxpayer, (vi) in respect of an amount not included in the at-risk amount of the taxpayer determined without reference to this paragraph, or (vii) because of an excluded obligation (as defined in subsection 6202.1(5) of the Income Tax Act). Regulations) in relation to a share issued to the partnership by a corporation, and, for the purposes of this subsection, (e) where the amount or benefit to which the taxpayer or the person is entitled at any time is provided by way of an agreement or other arrangement under which the taxpayer or the person has a right, either immediately or in the future and either absolutely or contingently (otherwise than as a consequence of the death of the taxpayer), to acquire other property in exchange for all or any part of the partnership interest, for greater certainty the amount or benefit to which the taxpayer or the person is entitled under the agreement or arrangement is considered to be not less than the fair market value of the other property at that time, and (f) where the amount or benefit to which the taxpayer or the person is entitled at any time is provided by way of a guarantee, security or similar indemnity or covenant in respect of any loan or other obligation of the taxpayer or the person, for greater certainty the amount or benefit to which the taxpayer or the person is entitled under the guarantee or indemnity at any particular time is considered to be not less than the total of the unpaid amount of the loan or obligation at that time and all other amounts outstanding in respect of the loan or obligation at that time. (2.3) For the purposes of subsection 96(2.2), where a taxpayer has acquired the taxpayer’s partnership interest at any time from a transferor other than the partnership, the adjusted cost base to the taxpayer of that interest shall be computed as if the cost to the taxpayer of the interest were the lesser of (a) the taxpayer’s cost otherwise determined, and (i) the adjusted cost base of that interest to the transferor immediately before that time, and and where the adjusted cost base of the transferor cannot be determined, it shall be deemed to be equal to the total of the amounts determined in respect of the taxpayer under paragraphs 96(2.2)(c) and 96(2.2)(d) immediately after that time. Limited partner (2.4) For the purposes of this section and sections 111, 127, 127.44, 127.45, 127.47, 127.48 and 127.49, a taxpayer who is a member of a partnership at a particular time is a limited partner of the partnership at that time if the member’s partnership interest is not an exempt interest (within the meaning assigned by subsection (2.5)) at that time and if, at that time or within three years after that time, (a) by operation of any law governing the partnership arrangement, the liability of the member as a member of the partnership is limited (except by operation of a provision of a statute of Canada or a province that limits the member’s liability only for debts, obligations and liabilities of the partnership, or any member of the partnership, arising from negligent acts or omissions, from misconduct or from fault of another member of the partnership or an employee, an agent or a representative of the partnership in the course of the partnership business while the partnership is a limited liability partnership); (b) the member or a person not dealing at arm’s length with the member is entitled, either immediately or in the future and either absolutely or contingently, to receive an amount or to obtain a benefit that would be described in paragraph (2.2)(d) if that paragraph were read without reference to subparagraphs (ii) and (vi); (c) one of the reasons for the existence of the member who owns the interest (i) can reasonably be considered to be to limit the liability of any person with respect to that interest, and (ii) cannot reasonably be considered to be to permit any person who has an interest in the member to carry on that person’s business (other than an investment business) in the most effective manner; or (d) there is an agreement or other arrangement for the disposition of an interest in the partnership and one of the main reasons for the agreement or arrangement can reasonably be considered to be to attempt to avoid the application of this subsection to the member. (2.5) For the purposes of subsection 96(2.4), an exempt interest in a partnership at any time means a prescribed partnership interest or an interest in a partnership that was actively carrying on business on a regular and a continuous basis immediately before February 26, 1986 and SUBDIVISION J Partnerships and their Members continuously thereafter until that time or that was earning income from the rental or leasing of property immediately before February 26, 1986 and continuously thereafter until that time, where there has not after February 25, 1986 and before that time been a substantial contribution of capital to the partnership or a substantial increase in the indebtedness of the partnership and, for this purpose, an amount will not be considered to be substantial where (a) the amount was used by the partnership to make an expenditure required to be made pursuant to the terms of a written agreement entered into by it before February 26, 1986, or to repay a loan, debt or contribution of capital that had been received or incurred in respect of any such expenditure, (b) the amount was raised pursuant to the terms of a prospectus, preliminary prospectus or registration statement filed before February 26, 1986 with a public authority in Canada pursuant to and in accordance with the securities legislation of Canada or of a province, and, where required by law, accepted for filing by that public authority, or (c) the amount was used for the activity that was carried on by the partnership on February 25, 1986 but was not used for a significant expansion of the activity and, for the purposes of this subsection, (d) a partnership in respect of which paragraph 96(2.5)(b) applies shall be considered to have been actively carrying on a business on a regular and a continuous basis immediately before February 26, 1986 and continuously thereafter until the earlier of the closing date, if any, stipulated in the document referred to in that paragraph and January 1, 1987, and (e) an expenditure shall not be considered to have been required to be made pursuant to the terms of an agreement where the obligation to make the expenditure is conditional in any way on the consequences under this Act relating to the expenditure and the condition has not been satisfied or waived before June 12, 1986. (2.6) For the purposes of paragraph 96(2.2)(c), where at any time an amount owing by a taxpayer or a person with whom the taxpayer does not deal at arm’s length is repaid and it is established, by subsequent events or otherwise, that the repayment was made as part of a series of loans or other transactions and repayments, the amount owing shall be deemed not to have been repaid. (2.7) For the purposes of paragraph 96(2.2)(a), where at any time a taxpayer makes a contribution of capital to a partnership and the partnership or a person or partnership with whom or which the partnership does not deal at arm’s length makes a loan to the taxpayer or to a person with whom the taxpayer does not deal at arm’s length or repays the contribution of capital, and it is established, by subsequent events or otherwise, that the loan or repayment, as the case may be, was made as part of a series of loans or other transactions and repayments, the contribution of capital shall be deemed not to have been made to the extent of the loan or repayment, as the case may be. Agreement or election of partnership members
Le gain en capital imposable d’un particulier pour une année d’imposition, déterminé par ailleurs selon le paragraphe 104(21), résultant d’une attribution effectuée par une entité intermédiaire est réduit du montant qu’il demande, jusqu’à concurrence de la moitié de son solde des gains en capital exonérés pour l’année relativement à l’entité. Réduction de la part des gains en capital imposables d’une société de personnes
If a taxpayer who was a member of a partnership at any time in a fiscal period has, for any purpose relevant to the computation of the taxpayer’s income from the partnership for the fiscal period, made or executed an agreement, designation or election under or in respect of the application of any of subsections 10.1(1), 13(4), (4.2) and (16), the definition excluded income in subsection 18.2(1), subsections 20(9) and 21(1) to (4), section 22, subsection 29(1), section 34, clause 37(8)(a)(ii)(B), subsections 44(1) and (6), 50(1) and (5) and (9) to (11), section 80.04, subsections 86.1(2), 88(1.3), (3.3) and (3.5) and 90(3), the definition relevant cost base in subsection 95(4) and subsections 97(2), 139.1(16) and (17) and 249.1(4) and (6) that, if this Act were read without reference to this subsection, would be a valid agreement, designation or election, (a) the agreement, designation or election is not valid unless (i) it was made or executed on behalf of the taxpayer and each other person who was a member of the partnership during the fiscal period, and (ii) the taxpayer had authority to act for the partnership; (b) unless the agreement, designation or election is invalid because of paragraph 96(3)(a), each other person who was a member of the partnership during the fiscal period shall be deemed to have made or executed the agreement, designation or election; and (c) notwithstanding paragraph 96(3)(a), any agreement, designation or election deemed by paragraph 96(3)(b) to have been made or executed by any person shall be deemed to be a valid agreement, designation or election made or executed by that person.
La part qui revient à un particulier, déterminée par ailleurs pour une année d’imposition, du gain en capital imposable d’une société de personnes provenant de la disposition d’un bien (sauf un bien que la société de personnes a acquis après le 22 février 1994 dans le cadre d’un transfert auquel le paragraphe 97(2)) pour l’exercice de la société de personnes qui se termine après le 22 février 1994 et au cours de l’année est réduite du montant qu’il demande, jusqu’à concurrence du résultat du calcul suivant : A - B où : A représente la moitié de son solde des gains en capital exonérés du particulier pour l’année relativement à la société de personnes, B le total des montants que le particulier a demandés en application du présent paragraphe au titre d’autres gains en capital imposables de la société de personnes pour cet exercice.
Any election under subsection 97(2) or 98(3) shall be made on or before the day that is the earliest of the days on or before which any taxpayer making the election is required to file a return of income pursuant to section 150 for the taxpayer’s taxation year in which the transaction to which the election relates occurred.
[Abrogé, 2016, ch. 12, art. 14] Reduction of capital gains Nil exempt capital gains balance exceeds (ii) in any other case, nil. (A) un montant raisonnable à titre de provision à l’égard de toute partie du produit de disposition du bien qui lui est payable après la fin de l’année et qu’il est raisonnable de considérer comme une partie du montant déterminé en vertu du sous-alinéa (i) pour ce bien, (B) le produit de 1/5 de l’excédent déterminé en vertu du sous-alinéa (i) pour ce bien et l’excédent éventuel de 4 sur le nombre d’années d’imposition antérieures du contribuable qui se terminent après la disposition du bien; b) la perte d’un contribuable résultant, pour une année d’imposition, de la disposition d’un bien est : (i) en cas de disposition du bien au cours de l’année, l’excédent éventuel du coût de base rajusté du bien, pour le contribuable, immédiatement avant la disposition et des dépenses dans la mesure où elles-ci ont été engagées ou effectuées par lui en vue de réaliser la disposition sur le produit de disposition du bien qu’il en a tiré, (ii) dans les autres cas, nulle. Don d’un titre non admissible (1.01) Le gain d’un contribuable pour une année d’imposition tiré de la disposition de son titre non admissible, au sens du paragraphe 118.1(18), qui consiste à faire un don (sauf d’un don exclu au sens du paragraphe 118.1(19)) à un donataire reconnu, au sens du paragraphe 149.1(1), correspond à l’excédent éventuel de l’un des montants suivants : a) si la disposition a été effectuée au cours de l’année en question, l’excédent éventuel du produit de disposition pour le contribuable sur la somme du coût de base rajusté du titre pour lui immédiatement avant la disposition et des dépenses engagées ou effectuées dans la mesure où elles l’ont été en vue d’effectuer la disposition; b) si la disposition a été effectuée au cours de la période de 60 mois se terminant au début de l’année en question, le montant déduit selon l’alinéa c) dans le Income Tax PART I Income Tax DIVISION B Computation of Income
Where an election referred to in subsection 96(4) was not made on or before the day on or before which the election was required by that subsection to be made and that day was after May 6, 1974, the election shall be deemed to have been made on that day if, on or before the day that is 3 years after that day, (a) the election is made in prescribed form; and (b) an estimate of the penalty in respect of that election is paid by the taxpayer referred to in subsection 97(2) or by the persons referred to in subsection 98(3), as the case may be, when that election is made. (5.1) Where, in the opinion of the Minister, the circumstances of a case are such that it would be just and equitable (a) to permit an election under subsection 97(2) or 98(3) to be made after the day that is 3 years after the day on or before which the election was required by subsection 96(4) to be made, or (b) to permit an election made under subsection 97(2) to be amended, the election or amended election shall be deemed to have been made on the day on or before which the election was so required to be made if (c) the election or amended election is made in prescribed form, and (d) an estimate of the penalty in respect of the election or amended election is paid by the taxpayer referred to in subsection 97(2) or by the persons referred to in subsection 98(3), as the case may be, when the election or amended election is made, and where this subsection applies to the amendment of an election, that election shall be deemed not to have been effective. SUBDIVISION J Partnerships and their Members Penalty for late-filed election
(iv) [Repealed, 2014, c. 39, s. 11] calcul du gain du contribuable pour l’année d’imposition précédente tiré de la disposition du titre, sur le montant suivant : c) le montant, n’excédant pas le montant admissible du don, dont le contribuable demande la déduction dans le formulaire prescrit accompagnant sa déclaration de revenu pour l’année en question, s’il n’est pas réputé par le paragraphe 118.1(13) avoir fait un don de bien avant la fin de cette année par suite de la disposition du titre par le donataire ou du fait que le titre a cessé d’être une action non admissible du contribuable avant la fin de cette année. Disposition d’un bien en faveur d’un enfant (1.1) Pour le calcul de la somme dont un contribuable peut demander la déduction, selon le sous-alinéa (1)a)(iii), dans le calcul de son gain provenant de la disposition d’un bien, les mentions « 1/5 » et « 4 » à ce sous-alinéa valent respectivement « 1/10 » et « 9 » si les conditions suivantes sont remplies : a) le contribuable a disposé du bien en faveur de son enfant; b) cet enfant résidait au Canada immédiatement avant la disposition; c) immédiatement avant la disposition, le bien était : (i) un fonds de terre situé au Canada, ou un bien amortissable d’une catégorie prescrite situé au Canada, que le contribuable ou son époux ou conjoint de fait, son enfant, son père ou sa mère utilisait dans le cadre d’une entreprise agricole ou de pêche exploitée au Canada, (ii) une action du capital-actions d’une société agricole ou de pêche familiale du contribuable, au sens du paragraphe 70(10), ou une participation dans une société de personnes agricole ou de pêche familiale du contribuable, au sens du même paragraphe, (iii) une action admissible de petite entreprise du contribuable, au sens du paragraphe 110.6(1). (iv) [Abrogé, 2014, ch. 39, art. 11] Transferts intergénérationnels d’entreprises (1.2) Pour le calcul de la somme dont un contribuable peut demander la déduction, en vertu du sous-alinéa (1)a)(iii), lors de la disposition d’actions du capital-actions d’une société résidant au Canada en faveur d’une autre société, les mentions « 1/5 » et « 4 » à ce Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this section, the penalty in respect of an election or an amended election referred to in paragraph 96(5)(a) or 96(5.1)(c) is (a) where the election or amended election is made under subsection 97(2), an amount equal to the lesser of (i) 1/4 of 1% of the amount by which the fair market value of the property disposed of by the taxpayer referred to therein at the time of disposition exceeds the amount agreed on by the taxpayer and the members of the partnership in the election or amended election, for each month or part of a month during the period commencing with the day on or before which the election is required by subsection 96(4) to be made and ending on the day the election or amended election is made, and (ii) an amount, not exceeding $8,000, equal to the product obtained by multiplying $100 by the number of months each of which is a month all or part of which is during the period referred to in subparagraph 96(6)(a)(i); and (b) where the election is made under subsection 98(3), an amount equal to the lesser of (i) 1/4 of 1% of the amount by which (A) the total of all amounts of money and the fair market value of partnership property received by the persons referred to therein as consideration for their interests in the partnership at the time that the partnership ceased to exist (B) the total of each such person’s proceeds of disposition of that person’s interest in the partnership as determined under paragraph 98(3)(a), for each month or part of a month during the period commencing with the day on or before which the election is required by subsection 96(4) to be made and ending on the day the election or amended election is made, and (ii) an amount, not exceeding $8,000, equal to the product obtained by multiplying $100 by the number of months each of which is a month all or part of which is during the period referred to in subparagraph 96(6)(b)(i).
Limitations
The Minister shall, with all due dispatch, examine each election and amended election referred to in paragraph 96(5)(a) or 96.1(5)(c), assess the penalty payable and send a notice of assessment to the taxpayer or persons, as the case may be, and the taxpayer or persons, as the case may be, shall pay forthwith to the Receiver General the amount, if any, by which the penalty so assessed exceeds the total of all amounts previously paid on account of that penalty. Foreign partnerships
Notwithstanding subsection 40(1), Impôt sur le revenu
For the purposes of this Act, where at a particular time a person resident in Canada becomes a member of a partnership, or a person who is a member of a partnership becomes resident in Canada, and immediately before the particular time no member of the partnership is resident in Canada, the following rules apply for the purpose of computing the partnership’s income for fiscal periods ending after the particular time: (a) where, at or before the particular time, the partnership held depreciable property of a prescribed class (other than taxable Canadian property), (i) no amount shall be included in determining the amounts for any of A, C, D and F to I in the definition undepreciated capital cost in subsection 13(21) in respect of the acquisition or disposition before the particular time of the property, and (ii) where the property is the partnership’s property at the particular time, the property shall be deemed to have been acquired, immediately after the particular time, by the partnership at a capital cost equal to the lesser of its fair market value and its capital cost to the partnership otherwise determined; (b) in the case of the partnership’s property that is inventory (other than inventory of a business carried on in Canada) or non-depreciable capital property (other than taxable Canadian property) of the partnership at the particular time, its cost to the partnership shall be deemed to be, immediately after the particular time, equal to the lesser of its fair market value and its cost to the partnership otherwise determined; and (c) any loss in respect of the disposition of a property (other than inventory of a business carried on in Canada or taxable Canadian property) by the partnership before the particular time shall be deemed to be nil. Application of foreign partnership rule
For the purposes of applying subsection (8) and this subsection, (a) where it can reasonably be considered that one of the main reasons that a member of a partnership is resident in Canada is to avoid the application of subsection (8), the member is deemed not to be resident in Canada; and (b) where at any time a particular partnership is a member of another partnership, (i) each person or partnership that is, at that time, a member of the particular partnership is deemed to be a member of the other partnership at that time, (ii) each person or partnership that becomes a member of the particular partnership at that time is deemed to become a member of the other partnership at that time, and (iii) each person or partnership that ceases to be a member of the particular partnership at that time is deemed to cease to be a member of the other partnership at that time. [NOTE: Application provisions are not included in the consolidated text; see relevant amendments and regulations.] Contribution of property to partnership
Rules if election by partners
Notwithstanding any other provision of this Act other than subsections (3) and 13(21.2), where a taxpayer at SUBDIVISION J Partnerships and their Members any time disposes of any property (other than an eligible derivative, as defined in subsection 10.1(5), of the taxpayer if subsection 10.1(6) applies to the taxpayer) that is a capital property, Canadian resource property, foreign resource property or inventory of the taxpayer to a partnership that immediately after that time is a Canadian partnership of which the taxpayer is a member, if the taxpayer and all the other members of the partnership jointly so elect in prescribed form within the time referred to in subsection 96(4), (i) the reference therein to “corporation’s cost” were read as a reference to “partnership’s cost”, (ii) the references therein to “other than any shares of the capital stock of the corporation or a right to receive any such shares” and to “other than shares of the capital stock of the corporation or a right to receive any such shares” were read as references to “other than an interest in the partnership”, (iii) the references therein to “shareholder of the corporation” were read as references to “member of the partnership”, (iv) the references therein to “the corporation” were read as references to “all the other members of the partnership”, and (v) the references therein to “to the corporation” were read as references to “to the partnership”; (b) in computing, at any time after the disposition, the adjusted cost base to the taxpayer of the taxpayer’s interest in the partnership immediately after the disposition, (i) there shall be added the amount, if any, by which the taxpayer’s proceeds of disposition of the property exceed the fair market value, at the time of the disposition, of the consideration (other than an interest in the partnership) received by the taxpayer for the property, and (ii) there shall be deducted the amount, if any, by which the fair market value, at the time of the disposition, of the consideration (other than an interest in the partnership) received by the taxpayer for the property so disposed of by the taxpayer exceeds the fair market value of the property at the time of the disposition; and (c) where the property so disposed of by the taxpayer to the partnership is taxable Canadian property of the SUBDIVISION J Partnerships and their Members taxpayer, the interest in the partnership received by the taxpayer as consideration for the property is deemed to be, at any time that is within 60 months after the disposition, taxable Canadian property of the taxpayer.
sous-alinéa valent mention respectivement de « 1/10 » et « 9 » si les conditions des paragraphes 84.1(2.31) ou (2.32) sont remplies relativement à la disposition. Dispositions en faveur de fiducies collectives des employés (1.3) Pour le calcul de la somme dont un contribuable peut demander la déduction, selon le sous-alinéa (1)a)(iii), dans le calcul de son gain provenant de la disposition d’une action du capital-actions d’une entreprise admissible, les mentions « 1/5 » et « 4 » au sous-alinéa valent mention respectivement de « 1/10 » et « 9 » si le contribuable a disposé des actions de l’entreprise admissible en faveur d’une fiducie collective des employés, ou d’une société privée sous contrôle canadien qui est contrôlée et détenue à cent pour cent par une fiducie collective des employés, conformément à un transfert admissible d’entreprise.
Subsection (2) does not apply to a disposition of a property by a taxpayer to a particular partnership if (a) as part of a transaction or event or series of transactions or events that includes the disposition (i) control of a taxable Canadian corporation (in this subsection referred to as the “subsidiary”) is acquired by another taxable Canadian corporation (in this paragraph referred to as the “parent”), (ii) the subsidiary is wound up under subsection 88(1) or amalgamated with one or more other corporations under subsection 87(11), and (iii) the parent makes a designation under paragraph 88(1)(d) in respect of an interest in a partnership; (b) the disposition occurs after the acquisition of control of the subsidiary; (c) the property (i) is referred to in clauses (A) to (C) of the description of B in subparagraph 88(1)(d)(ii.1), or (ii) is an interest in a partnership that holds, directly or indirectly through one or more partnerships, property referred to in clauses (A) to (C) of the description of B in subparagraph 88(1)(d)(ii.1); and
Malgré le paragraphe (1), a) le sous-alinéa (1)a)(iii) n’autorise pas le contribuable à demander la déduction en vertu de ce sous-alinéa dans le calcul d’un gain pour une année d’imposition dans l’un ou l’autre des cas suivants : (i) le contribuable, à la fin de l’année ou à un moment donné de l’année suivante, ne résidait pas au Canada ou était exonéré d’impôt en vertu d’une disposition de la présente partie, (ii) l’acheteur du bien vendu est une société qui, immédiatement après la vente, (A) était contrôlée, directement ou indirectement, de quelque manière que ce soit, par le contribuable, (B) était contrôlée, directement ou indirectement, de quelque manière que ce soit, par une personne ou un groupe de personnes qui contrôlaient, directement ou indirectement, de quelque manière que ce soit, le contribuable, (C) contrôlait, directement ou indirectement, de quelque manière que ce soit, le contribuable, lorsque ce dernier est une société, (iii) l’acheteur du bien vendu est une société de personnes dont le contribuable était, immédiatement après la vente, un associé détenant une participation majoritaire; Income Tax PART I Income Tax DIVISION B Computation of Income
Where subsection 97(2) has been applicable in respect of the acquisition of any depreciable property by a partnership from a taxpayer who was, immediately after the taxpayer disposed of the property, a member of the partnership and the capital cost to the taxpayer of the property exceeds the taxpayer’s proceeds of the disposition, for the purposes of sections 13 and 20 and any regulations made under paragraph 20(1)(a) (a) the capital cost to the partnership of the property shall be deemed to be the amount that was the capital cost thereof to the taxpayer; and (b) the excess shall be deemed to have been allowed to the partnership in respect of the property under regulations made under paragraph 20(1)(a) in computing income for taxation years before the acquisition by the partnership of the property. Acquisition of certain tools — capital cost and deemed depreciation
A - (A × B/C) - D where B is D is b) dans le cas où le contribuable est un particulier, le gain qu’il a tiré, pour une année d’imposition, de la disposition d’un bien qui était sa résidence principale à un moment donné après le jour (appelé « date d’acquisition » au présent article) qui est le dernier en date du 31 décembre 1971 et du jour où il a acquis le bien, ou l’a acquis de nouveau, pour la dernière fois correspond au résultat du calcul suivant : A - (A × B/C) - D où : A représente le montant qui constituerait le gain du contribuable provenant de la disposition pour l’année, compte non tenu du présent alinéa et des paragraphes 110.6(19) et (21), B : (i) si le contribuable résidait au Canada au cours de l’année qui comprend la date d’acquisition, le nombre un plus le nombre d’années d’imposition qui se terminent après la date d’acquisition pour lesquelles le bien était la résidence principale du contribuable et au cours desquelles celui-ci résidait au Canada, (ii) si le contribuable ne résidait pas au Canada au cours de l’année qui comprend la date d’acquisition, le nombre d’années d’imposition qui se terminent après la date d’acquisition pour lesquelles le bien était la résidence principale du contribuable et au cours desquelles celui-ci résidait au Canada, C le nombre d’années d’imposition se terminant après la date d’acquisition au cours desquelles le contribuable était propriétaire du bien conjointement avec une autre personne ou autrement, D : (i) dans le cas où la date d’acquisition est antérieure au 23 février 1994 et où le contribuable ou son époux ou conjoint de fait a fait le choix prévu au paragraphe 110.6(19) relativement au bien, ou à un intérêt ou au droit civil, à un droit sur celui-ci, dont le contribuable était propriétaire immédiatement avant la disposition, 4/3 du moins élevé des montants suivants : (A) le total des montants représentant chacun le gain en capital imposable du contribuable ou de son époux ou conjoint de fait qui aurait résulté d’un choix fait par l’un de ceux-ci en application du paragraphe 110.6(19) relativement au bien ou à l’intérêt ou au droit si, à la fois : (I) il n’était pas tenu compte du paragraphe 110.6(20), E - 1.1F where (ii) in any other case, zero; (III) le montant indiqué dans le formulaire concernant le choix était égal à l’excédent de la juste valeur marchande du bien ou de l’intérêt ou du droit à la fin du 22 février 1994 sur le résultat du calcul suivant : E - 1,1F où : E représente le montant indiqué dans le formulaire concernant le choix fait relativement au bien ou à l’intérêt ou au droit, F la juste valeur marchande du bien ou de l’intérêt ou du droit à la fin du 22 février 1994, (B) le total des montants représentant chacun le gain en capital imposable du contribuable ou de son époux ou conjoint de fait qui aurait résulté d’un choix fait en vertu du paragraphe 110.6(19) relativement au bien ou à l’intérêt ou au droit si le bien avait été la résidence principale ni du contribuable ni de son époux ou conjoint de fait pour une année d’imposition donnée, sauf si le bien a été désigné, dans une déclaration de revenu visant l’année d’imposition qui comprend le 22 février 1994 ou une année d’imposition antérieure, comme étant la résidence principale de l’un d’eux pour l’année donnée, (ii) dans les autres cas, zéro; c) lorsque le contribuable est un particulier, son gain pour une année d’imposition, tiré de la disposition d’un fonds de terre utilisé dans une entreprise agricole qu’il exploite et qui comprend une propriété qui était à un moment donné sa résidence principale, est : (i) son gain pour l’année, déterminé par ailleurs et tiré de la disposition de la partie du fonds de terre qui ne comprend pas la propriété qui était sa résidence principale, plus son gain pour l’année, déterminé en vertu de l’alinéa b) et tiré de la disposition de la propriété qui était sa résidence principale, (ii) si le contribuable en fait le choix selon les modalités réglementaires à l’égard du fonds de terre, son gain pour l’année, tiré de la disposition du fonds de terre qui comprend la propriété qui était sa résidence principale, déterminé compte non tenu de l’alinéa b) ou du sous-alinéa (j) et après élimination, moins le total des montants suivants : (A) 1 000 $, (e) [Repealed, 1998, c. 19, s. 89] A × (B - C)/B where (B) 1 000 $ pour chaque année d’imposition — se terminant après la date d’acquisition — durant laquelle le bien constituait sa résidence principale et durant laquelle il résidait au Canada; d) lorsque le contribuable est une société, sa perte pour une année d’imposition, provenant de la disposition d’une obligation, constitue sa perte provenant de cette disposition pour l’année, déterminée par ailleurs, moins le total des montants qu’il a reçus au titre du paiement intégral ou partiel des intérêts sur cette obligation et qui, en vertu de l’alinéa 81(1)m), n’ont pas été inclus dans le calcul de son revenu; e) [Abrogé, 1998, ch. 19, art. 89] e.1) la perte d’un contribuable donnée résultant de la disposition, effectuée en faveur d’une personne ou d’une société de personnes donnée, d’une dette (à l’exclusion, pour ce qui est du calcul du surplus exonéré ou du déficit exonéré et du surplus imposable ou du déficit imposable du contribuable donné relativement à un autre contribuable, dans le cas où le contribuable est une société de personnes, dans le cas où le contribuable associé est une société étrangère affiliée de l’autre contribuable) qui était, immédiatement après la disposition, payable par une autre personne ou société de personnes donnée ou non dans le cas où le contribuable donné, la personne ou la société de personnes donnée et l’autre personne ou société de personnes sont liées les uns aux autres au moment de la disposition ou seraient ainsi liés à ce moment si l’alinéa 80(2)j) s’appliquait dans le cadre du présent alinéa; e.2) sous réserve de l’alinéa e.3), la perte qu’un contribuable subit lors du règlement ou de l’extinction d’une dette commerciale donnée (cette expression s’entendant, au présent alinéa, au sens du paragraphe 80(1)) émise par une personne ou une société de personnes et payable au contribuable est réputée égale à la somme obtenue par la formule ci-après dans le cas où une partie de la contrepartie donnée par la personne ou la société de personnes en vue du règlement ou de l’extinction de la dette donnée consiste en une ou plusieurs autres dettes commerciales émises par la personne ou la société de personnes en faveur du contribuable: A × (B - C)/B où : Income Tax PART I Income Tax DIVISION B Computation of Income
If subsection (2) has applied in respect of the acquisition at any particular time of any depreciable property by a partnership from an individual, the cost of the property to the individual was included in computing an amount under paragraph 8(1)(r) or (s) in respect of the individual and that amount would be the cost of the property to the individual immediately before the transfer if this Act were read without reference to subsection 8(7) (which amount is in this subsection referred to as the “individual’s original cost”) exceeds the individual’s proceeds of disposition of the property, (a) the capital cost to the partnership of the property is deemed to be equal to the individual’s original cost; and (b) the amount by which the individual’s original cost exceeds the individual’s proceeds of disposition in respect of the property is deemed to have been deducted by the partnership under paragraph 20(1)(a) in respect of the property in computing income for taxation years that ended before that particular time.
(f) a taxpayer’s gain or loss from the disposition of (i) a superficial loss, Impôt sur le revenu
(a) until such time as all the partnership property and any property substituted therefor has been distributed to the persons entitled by law to receive it, the partnership shall be deemed not to have ceased to exist, and each person who was a partner shall be deemed not to have ceased to be a partner, (b) the right of each such person to share in that property shall be deemed to be an interest in the partnership, and (c) notwithstanding subsection 40(3), where at the end of a fiscal period of the partnership, in respect of an interest in the partnership, (i) the total of all amounts required by subsection 53(2) to be deducted in computing the adjusted cost base to the taxpayer of the interest at that time exceeds (ii) the total of the cost to the taxpayer of the interest determined for the purpose of computing the adjusted cost base to the taxpayer of that interest at that time and all amounts required by subsection 53(1) to be added to the cost to the taxpayer of the interest in computing the adjusted cost base to the taxpayer of that interest at that time, the amount of the excess shall be deemed to be a gain of the taxpayer for the taxpayer’s taxation year that includes that time from a disposition at that time of that interest. Deemed proceeds
Subject to subsections 98(3) and 98(5) and 85(3), where at any time after 1971 a partnership has disposed of property to a taxpayer who was, immediately before that time, a member of the partnership, the partnership shall be deemed to have disposed of the property for proceeds equal to its fair market value at that time and the taxpayer shall be deemed to have acquired the property at an amount equal to that fair market value. Rules applicable if partnership ceases to exist
If at any particular time after 1971 a Canadian partnership has ceased to exist and all the partnership property has been distributed to persons who were members of the partnership immediately before that time so that immediately after that time each such person has, in each such property, an undivided interest or, for civil law an undivided right (which undivided interest or undivided right is referred to in this subsection as an “undivided interest or right”, as the case may be) that, when expressed as a percentage (referred to in this subsection as that person’s “percentage”) of all undivided interests or rights in the property, is equal to the person’s undivided interest SUBDIVISION J Partnerships and their Members or right, when so expressed, in each other such property, if each such person has jointly so elected in respect of the property in prescribed form and within the time referred to in subsection 96(4), the following rules apply: (a) each such person’s proceeds of the disposition of the person’s interest in the partnership shall be deemed to be an amount equal to the greater of (i) the adjusted cost base to the person, immediately before the particular time, of the person’s interest in the partnership, and (ii) the amount of any money received by the person on the cessation of the partnership’s existence, plus the person’s percentage of the total amounts each of which is the cost amount to the partnership of each such property immediately before its distribution; (b) the cost to each such person of that person’s undivided interest or right in each such property is deemed to be an amount equal to the total of (i) that person’s percentage of the cost amount to the partnership of the property immediately before its distribution, and (ii) where the amount determined under subparagraph (a)(i) exceeds the amount determined under subparagraph (a)(ii), the amount determined under paragraph (c) in respect of the person’s undivided interest or right in the property; (c) the amount determined under this paragraph in respect of each such person’s undivided interest or right in each such property that was a capital property (other than depreciable property) of the partnership is such portion of the excess, if any, described in subparagraph (b)(ii) as is designated by the person in respect of the property, except that (i) in no case shall the amount so designated in respect of the person’s undivided interest or right in any such property exceed the amount, if any, by which the person’s percentage of the fair market value of the property immediately after its distribution exceeds the person’s percentage of the cost amount to the partnership of the property immediately before its distribution, (i.1) if such property is a membership interest in a partnership (in this subparagraph referred to as the “other partnership”), the person’s percentage of the fair market value of the property immediately after its distribution to the person is deemed to be determined by the formula A is the amount that is the person’s percentage of the fair market value (determined without reference to this subparagraph) of the property immediately after its distribution, B is the portion of the amount by which the person’s percentage of the fair market value (determined without reference to this subparagraph) of the property immediately after its distribution exceeds the person’s percentage of the cost amount to the partnership of the property immediately before its distribution as may reasonably be regarded as being attributable to the total of all amounts each of which is immediately after the particular time (A) in the case of depreciable property held directly by the other partnership or held indirectly by the other partnership through one or more other partnerships, the amount by which the fair market value (determined without reference to liabilities) of such depreciable property exceeds its cost amount, (B) in the case of a Canadian resource property or a foreign resource property held directly by the other partnership or held indirectly by the other partnership through one or more other partnerships, the fair market value (determined without reference to liabilities) of such Canadian or foreign resource property, or (C) in the case of other property that is not a capital property, a Canadian resource property or a foreign resource property and that is held directly by the other partnership or held indirectly by the other partnership through one or more other partnerships, the amount by which the fair market value (determined without reference to liabilities) of such other property exceeds its cost amount, (ii) in no case shall the total of amounts so designated in respect of the person’s undivided interest or right in all such capital properties (other than depreciable property) exceed the excess, if any, described in subparagraph (b)(ii); (e) if the property so distributed by the partnership was depreciable property of the partnership of a prescribed class and any such person’s percentage of the amount that was the capital cost to the partnership of that property exceeds the amount determined under paragraph (b) to be the cost to the person of the person's undivided interest or right in the property, for the purposes of sections 13 and 20 and any regulations made under paragraph 20(1)(a) (i) the capital cost to the person of the person's undivided interest or right in the property is deemed to be the person's percentage of the amount that was the capital cost to the partnership of the property, and (ii) the excess is deemed to have been allowed to the person in respect of the property under regulations made under paragraph 20(1)(a) in computing income for taxation years before the acquisition by the person of the undivided interest or right; and (f) the partnership shall be deemed to have disposed of each such property for proceeds equal to the cost amount to the partnership of the property immediately before its distribution.
Subsection 98(3) is not applicable in any case in which subsection 98(5) or 85(3) is applicable. Where partnership business carried on as sole proprietorship
A représente le montant qui constituerait la perte du contribuable résultant de la disposition de la dette donnée compte non tenu du présent alinéa, B la juste valeur marchande totale des contreparties données par la personne ou la société de personnes en vue du règlement ou de l’extinction de la dette donnée, C la juste valeur marchande totale des autres dettes; e.3) pour ce qui est du calcul du surplus exonéré ou du déficit exonéré et du surplus imposable ou du déficit imposable du contribuable relativement à un autre contribuable, dans le cas où le contribuable, ou, si celui-ci est une société de personnes, un associé de celle-ci est une société étrangère affiliée de l’autre contribuable, l’alinéa e.2) ne s’applique pas à l’obligation commerciale donnée si celle-ci est bien exclu, au sens du paragraphe 95(1), du contribuable ou le serait si celui-ci était une société étrangère affiliée de l’autre contribuable; f) est nulle le gain ou la perte du contribuable résultant de la disposition : (i) soit d’une chance de gagner un prix ou un pari, (ii) soit d’un droit de recevoir une somme comme prix ou comme enjeu d’un pari, à l’occasion d’une loterie ou d’un pari collectif mentionné à l’article 205 du Code criminel; g) est nulle la perte subie par un contribuable et résultant de la disposition d’un bien (à l’exclusion, pour ce qui est du calcul du surplus exonéré ou du déficit exonéré, du surplus hybride ou du déficit hybride et du surplus imposable ou du déficit imposable du contribuable relativement à un autre contribuable, dans le cas où le contribuable ou, si celui-ci est une société de personnes, un associé de celle-ci est une société étrangère affiliée de l’autre contribuable, d’un bien qui est bien exclu, au sens du paragraphe 95(1), du contribuable ou le serait si celui-ci était une société étrangère affiliée de l’autre contribuable), dans la mesure où elle est : (i) une perte apparente, (ii) une perte résultant de la disposition d’une créance ou d’un autre droit de recevoir une somme, sauf si la créance ou le droit a été acquis par le contribuable en vue de tirer un revenu (qui n’est pas un revenu exonéré) d’une entreprise ou d’un bien, ou en contrepartie de la disposition d’un bien mobilisation en faveur d’une personne avec qui le contribuable n’avait aucun lien de dépendance, or exceeds (iii) une perte résultant de la disposition d’un bien à usage personnel du contribuable, à l’exclusion d’un bien meuble déterminé et d’une créance visée au paragraphe 50(2), (iv) une perte résultant de la disposition d’un bien en faveur : (A) soit d’une fiducie régie par un régime de participation différée aux bénéfices, un régime de participation des employés aux bénéfices, un CELIAPP, un régime enregistré d’épargne-invalidité, un fonds enregistré de revenu de retraite ou un compte d’épargne libre d’impôt dont il est bénéficiaire ou le devient immédiatement après la disposition, (B) soit d’une fiducie régie par un régime enregistré d’épargne-retraite en vertu duquel lui ou son époux ou conjoint de fait est rentier ou le devient dans les 60 jours suivant la fin de l’année d’imposition, h) lorsque le contribuable est une société, sa perte, déterminée par ailleurs, résultant de la disposition, à un moment donné de l’année d’imposition, d’actions du capital-actions d’une société (dite « société contrôlée » au présent alinéa) qu’il contrôlait, directement ou indirectement, de quelque manière que ce soit, à un moment donné de l’année, est sa perte, déterminée par ailleurs, résultant de la disposition moins l’excédent éventuel : (i) du total des montants ajoutés en vertu de l’alinéa 53(1) f.1) au coût, pour une société autre que la société contrôlée, du bien dont a disposé en faveur de cette société la société contrôlée, qui ont été ajoutés au coût du bien au cours de la période où le contribuable contrôlait la société contrôlée et qu’il est raisonnable d’attribuer aux pertes accumulées sur le bien au cours de cette période, sur : (ii) le total des montants des diminutions des pertes en vertu du présent alinéa à l’égard des dispositions, faites avant ce moment, d’actions du capital-actions de la société contrôlée; i) la perte qu’un contribuable subit en disposant, à un moment donné, d’une action du capital-actions d’une société qui a été, à un moment quelconque, une société à capital de risque prescrite ou une société à capital de risque de travailleurs prescrite, ou d’une action du capital-actions d’une société canadienne imposable détenue dans un régime d’achat d’actions visé par règlement ou d’un bien Income Tax PART I Income Tax DIVISION B Computation of Income
Where at any particular time after 1971 a Canadian partnership has ceased to exist and within 3 months after the particular time one, but not more than one, of the persons who were, immediately before the particular time, members of the partnership (which person is in this subsection referred to as the “proprietor”, whether an individual, a trust or a corporation) carries on alone the business that was the business of the partnership and continues to use, in the course of the business, any property that was, immediately before the particular time, partnership property and that was received by the proprietor as proceeds of disposition of the proprietor's interest in the partnership, the following rules apply: (a) the proprietor’s proceeds of disposition of the proprietor’s interest in the partnership shall be deemed to be an amount equal to the greater of (i) the total of the adjusted cost base to the proprietor, immediately before the particular time, of the proprietor’s interest in the partnership, and the adjusted cost base to the proprietor of each other interest in the partnership deemed by paragraph 98(5)(g) to have been acquired by the proprietor at the particular time, and (A) the cost amount to the partnership, immediately before the particular time, of each such property so received by the proprietor, and (B) the amount of any other proceeds of the disposition of the proprietor’s interest in the partnership received by the proprietor; (b) the cost to the proprietor of each such property shall be deemed to be an amount equal to the total of (i) the cost amount to the partnership of the property immediately before that time, and (c) the amount determined under this paragraph in respect of each such property so received by the proprietor that is a capital property (other than depreciable property) of the proprietor is such portion of the amount as, if any, described in subparagraph 98(5)(b)(ii) as is designated by the proprietor in respect of the property, except that (i) in no case shall the amount so designated in respect of any such property exceed the amount, if any, by which the fair market value of the property immediately after the particular time exceeds the cost amount to the partnership of the property immediately before that time, (i.1) if such property is a membership interest in a partnership (in this subparagraph referred to as the “other partnership”), the fair market value of the property immediately after the particular time is deemed to be determined by the formula A is the amount that is the fair market value (determined without reference to this subparagraph) of the property immediately after its distribution to the proprietor, B is the portion of the amount by which the fair market value (determined without reference to this subparagraph) of the property immediately after its distribution to the proprietor exceeds the cost amount to the partnership of the property immediately before its distribution that may reasonably be regarded as being attributable to the total of all amounts each of which is immediately after the particular time (A) in the case of depreciable property held directly by the other partnership or held indirectly by the other partnership through one or more other partnerships, the amount by which the fair market value (determined without reference to liabilities) of such depreciable property exceeds its cost amount, (B) in the case of a Canadian resource property or a foreign resource property held directly by the other partnership or held indirectly by the other partnership through one or more other partnerships, the fair market value (determined without reference to liabilities) of such Canadian or foreign resource property, or (C) in the case of a property that is not a capital property, a Canadian resource property or a foreign resource property and that is held directly by the other partnership or held indirectly by the other partnership through one or more other partnerships, the amount by which the fair market value (determined without reference to liabilities) of such property exceeds its cost amount, and (ii) in no case shall the total of amounts so designated in respect of all such capital properties (other than depreciable property) exceed the excess, if any, described in subparagraph 98(5)(b)(ii); (e) where any such property so received by the proprietor was depreciable property of a prescribed class of the partnership and the amount that was the capital cost to the partnership of that property exceeds the amount determined under paragraph 98(5)(b) to be the cost to the proprietor of the property, for the purposes of sections 13 and 20 and any regulations made under paragraph 20(1)(a) (i) the capital cost to the proprietor of the property shall be deemed to be the amount that was the capital cost to the partnership of the property, and (ii) the excess shall be deemed to have been allowed to the proprietor in respect of the property under regulations made under paragraph 20(1)(a) in computing income for taxation years before the acquisition by the proprietor of the property; (f) the partnership shall be deemed to have disposed of each such property for proceeds equal to the cost amount to the partnership of the property immediately before the particular time; and (g) where, at the particular time, all other persons who were members of the partnership immediately before that time have disposed of their interests in the partnership to the proprietor, the proprietor shall be deemed at that time to have acquired partnership interests from those other persons and not to have acquired any property that was property of the partnership. Continuation of predecessor partnership by new partnership
(i) the loss otherwise determined exceeds exceeds
Where a Canadian partnership (in this subsection referred to as the “predecessor partnership”) has ceased to exist at any particular time after 1971 and, at or before that time, all of the property of the predecessor partnership has been transferred to another Canadian partnership (in this subsection referred to as the “new partnership”) the only members of which were members of the predecessor partnership, the new partnership shall be deemed to be a continuation of the predecessor partnership and any member’s partnership interest in the new partnership shall be deemed to be a continuation of the member’s partnership interest in the predecessor partnership. SUBDIVISION J Partnerships and their Members
Where exceeds (b) the total of Impôt sur le revenu
For the purposes of paragraphs (3)(c) and (5)(c), a leasehold interest in a depreciable property and an option to acquire a depreciable property are depreciable properties. Residual interest in partnership
(a) until such time as all the taxpayer’s rights (other than a right to a share of the income or loss of the partnership under an agreement referred to in subsection 96(1.1)) to receive any property or from the partnership in satisfaction of the taxpayer’s interest in the partnership immediately before the time at which the taxpayer ceased to be a member of the partnership are satisfied in full, that interest (in this section referred to as a “residual interest”) is, subject to section 40, deemed not to have been disposed of by the taxpayer and to continue to be an interest in the partnership; (b) where all of the taxpayer’s rights described in paragraph 98.1(1)(a) are satisfied in full before the end of the fiscal period of the partnership in which the taxpayer ceased to be a member thereof, the taxpayer shall, notwithstanding paragraph 98.1(1)(a), be deemed not to have disposed of the taxpayer’s residual interest until the end of that fiscal period; (c) notwithstanding subsection 40(3), where at the end of a fiscal period of the partnership, in respect of a residual interest in the partnership, (i) the total of all amounts required by subsection 53(2) to be deducted in computing the adjusted cost base to the taxpayer of the residual interest at that time (ii) the total of the cost to the taxpayer of the residual interest determined for the purpose of computing the adjusted cost base to the taxpayer of that interest at that time and all amounts required by SUBDIVISION J Partnerships and their Members subsection 53(1) to be added to the cost to the taxpayer of the residual interest in computing the adjusted cost base to the taxpayer of that interest at that time the amount of the excess shall be deemed to be a gain of the taxpayer, for the taxpayer’s taxation year that includes that time, from a disposition at that time of that residual interest; and (i) by reason of paragraph (b), the taxpayer shall, except for the purposes of subsections 110.1(4) and 118.1(8), be deemed not to be a member of the partnership, and (ii) in any other case, the taxpayer shall, except for the purposes of subsection 85(3), be deemed not to be a member of the partnership.
Where a partnership (in this subsection referred to as the “original partnership”) has or would but for subsection 98(1) have ceased to exist at a time when a taxpayer had rights described in paragraph 98.1(1)(a) in respect of that partnership and the members of another partnership agree to satisfy all or part of those rights, that other partnership shall, for the purposes of that paragraph, be deemed to be a continuation of the original partnership. Transfer of interest on death
(a) the taxpayer shall be deemed to have acquired a right to receive partnership property and not to have acquired an interest in a partnership; (b) the taxpayer shall be deemed to have acquired the right referred to in paragraph 98.2(a) at a cost equal to the amount determined to be the proceeds of disposition of the interest in the partnership to the deceased individual by virtue of paragraph 70(5)(a) or 6(d), as the case may be; and (c) section 43 is not applicable to the right. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1974-75-76, c. 26, s. 63. Fiscal period of terminated partnership
(i) sa perte calculée par ailleurs, (ii) l’excédent éventuel du montant visé à la division (A) sur le total visé à la division (B): (A) le montant d’une aide, visée par règlement, que le contribuable (ou une personne avec laquelle il avait un lien de dépendance) a reçu ou est en droit de recevoir relativement à l’action, (B) le total des montants déterminés selon le sous-alinéa 40(2)(g)(ii) relativement à une disposition de l’action, ou du bien qui la remplace, effectuée avant le moment donné par le contribuable ou une personne avec laquelle il avait un lien de dépendance. Gain présumé lorsque les montants à déduire du prix de base rajusté sont plus élevés
Fiscal period of terminated partnership for individual member
Lorsque: a) le total des montants qui, en vertu du paragraphe 53(2) (sauf l’alinéa 53(2)(c)), doivent être retranchés dans le calcul du prix de base rajusté d’un bien, pour le contribuable, à un moment donné d’une année d’imposition, dépasse: b) le total des éléments suivants: (i) le coût de ce bien, pour le contribuable, déterminé pour le calcul du prix de base rajusté du bien, pour lui, à ce moment, (ii) les sommes qui, en vertu du paragraphe 53(1), doivent à ce moment être ajoutées au coût du bien, pour le contribuable, dans le calcul du prix de base rajusté du bien, pour le contribuable, les présomptions suivantes s’appliquent: c) sous réserve de l’alinéa 93(1)b), l’excédent est réputé être un gain du contribuable pour l’année tirée de la disposition du bien à ce moment; d) pour l’application de l’article 93 et des paragraphes 116(6) et (6.1), le bien est réputé avoir fait l’objet d’une disposition par le contribuable à ce moment; e) pour l’application du paragraphe 2(3) et des articles 110.6 et 150, le bien est réputé avoir fait l’objet d’une disposition par le contribuable au cours de l’année. A - B where Income Tax PART I Income Tax DIVISION B Computation of Income
Where an individual was a member of a partnership that, at any time in a fiscal period of a partnership, has or would have, but for subsection 98(1), ceased to exist, for the purposes of computing the individual’s income for a taxation year the partnership’s fiscal period may, if the individual so elects and subsection 249.1(4) does not apply in respect of the partnership, be deemed to have ended immediately before the time when the fiscal period of the partnership would have ended if the partnership had not so ceased to exist. Validity of election
exceeds Artificial transactions (ii) pays an amount as, on account of, in lieu of payment of or in satisfaction of, a distribution of Impôt sur le revenu
An election under subsection 99(2) is not valid unless the individual was resident in Canada at the time the fiscal period of the partnership would, if the election were valid, be deemed to have ended.
An election under subsection 99(2) is not valid if, for the individual’s taxation year in which a fiscal period of the partnership would not, if the election were valid, be deemed to have ended but in which it would otherwise have ended, the individual elects to have applicable the rules set out in the Income Tax Application Rules that apply when two or more fiscal periods of a partnership end in the same taxation year. Disposition of interest in partnership
(a) 1/2 of such portion of the taxpayer's capital gain for the year from the disposition as may reasonably be regarded as attributable to increases in the value of any partnership property of the partnership that is capital property (other than depreciable property) held directly by the partnership or held indirectly by the partnership through one or more other partnerships, and (b) the whole of the remaining portion of that capital gain. Acquisition by certain persons or partnerships (1.1) Subject to subsection (1.2), subsection (1) applies in respect of a disposition of a partnership interest by a taxpayer if the interest is acquired by (a) a person exempt from tax under section 149; (c) another partnership to the extent that the interest can reasonably be considered to be held, at the time of its acquisition by the other partnership, indirectly through one or more partnerships, by a person that is (i) exempt from tax under section 149, (iii) a trust resident in Canada (other than a mutual fund trust) with (A) an interest as a beneficiary (in this subsection and subsection (1.2) having the meaning assigned by subsection 108(1)) under the trust is held, directly or indirectly through one or more other partnerships, by a person that is exempt from tax under section 149 or that is a trust (other than a mutual fund trust), and (B) the total fair market value of the interests as beneficiaries under the trust held by persons referred to in clause (A) exceeds 10% of the fair market value of all the interests as beneficiaries under the trust; or (d) a trust resident in Canada (other than a mutual fund trust) to the extent that the trust can reasonably be considered to have a beneficiary that is (i) exempt from tax under section 149, (ii) a partnership, if (A) an interest in the partnership is held, whether directly or indirectly through one or more other partnerships, by one or more persons that are exempt from tax under section 149 or are trusts (other than mutual fund trusts), and (B) the total fair market value of the interests held by persons referred to in clause (A) exceeds 10% of the fair market value of all the interests in the partnership, or (iii) another trust (other than a mutual fund trust), if (A) one or more beneficiaries under the other trust are a person exempt from tax under section 149, a partnership or a trust (other than a mutual fund trust), and (B) the total fair market value of the interests as beneficiaries under the other trust held by the beneficiaries referred to in clause (A) exceeds 10% of the fair market value of all the interests as beneficiaries under the other trust. (1.2) Subsection (1) does not apply to a taxpayer’s disposition of a partnership interest to a partnership or trust described in paragraph (1.1)(c) or (d) — other than a trust under which the amount of the income or capital to be distributed at any time in respect of any interest as a beneficiary under the trust depends on the exercise by any person or partnership of, or the failure by any person or partnership to exercise, any discretionary power — if the extent to which subsection (1) would, but for this subsection, apply to the taxpayer’s disposition of the interest because of subsection (1.1) does not exceed 10% of the taxpayer’s interest. SUBDIVISION J Partnerships and their Members Exception — non-resident person (1.3) Subsection (1) does not apply in respect of a disposition of an interest in a partnership by a taxpayer to a person referred to in paragraph (1.1)(b) if (a) property of the partnership is used, immediately before and immediately after the acquisition of the interest by the non-resident person, in carrying on business through one or more permanent establishments in Canada; and (b) the total fair market value of the property referred to in paragraph (a) equals at least 90% of the total fair market value of all property of the partnership. Anti-avoidance — dilution (1.4) Subsection (1.5) applies in respect of a taxpayer’s interest in a partnership if (a) it is reasonable to conclude that one of the purposes of a dilution, reduction or alteration of the interest was to avoid the application of subsection (1) in respect of the interest; and (b) as part of a transaction or event or series of transactions or events that includes the dilution, reduction or alteration, there is (i) an acquisition of an interest in the partnership by a person or partnership described in any of paragraphs (1.1)(a) to (d), or (ii) an increase in, or alteration of, an interest in the partnership held by a person or partnership described in any of paragraphs (1.1)(a) to (d). Deemed gain — dilution (1.5) If this subsection applies in respect of a particular interest in a partnership of a taxpayer, then for the purposes of subsection (1), (a) the taxpayer is deemed to have disposed of an interest in the partnership at the time of the dilution, reduction or alteration; (b) the taxpayer is deemed to have a capital gain from the disposition equal to the amount by which the fair market value of the particular interest immediately before the dilution, reduction or alteration exceeds its fair market value immediately thereafter; and SUBDIVISION J Partnerships and their Members (c) the person or partnership referred to in paragraph (1.4)(b) is deemed to have acquired an interest in the partnership as part of the transaction or event or series of transactions or events that includes the disposition referred to in paragraph (a). Gain from disposition of interest in partnership
In computing a taxpayer’s gain for a taxation year from the disposition of an interest in a partnership, there shall be included, in addition to the amount thereof determined under subsection 40(1), the amount, if any, by which (a) the total of all amounts required by subsection 53(2) to be deducted in computing the adjusted cost base to the taxpayer, immediately before the disposition, of the interest in the partnership, (i) the cost to the taxpayer of the interest in the partnership determined for the purpose of computing the adjusted cost base to the taxpayer of that interest at that time, and (ii) all amounts required by subsection 53(1) to be added to the cost to the taxpayer of that interest in computing the adjusted cost base to the taxpayer of that interest at that time. (2.1) Where, as a result of an amalgamation or merger, an interest in a partnership owned by a predecessor corporation has become property of the new corporation formed as a result of the amalgamation or merger and the predecessor corporation was not related to the new corporation, the predecessor corporation shall be deemed to have disposed of the interest in the partnership to the new corporation immediately before the amalgamation or merger for proceeds of disposition equal to the adjusted cost base to the predecessor corporation of the interest in the partnership at the time of the disposition and the new corporation shall be deemed to have acquired the interest in the partnership from the predecessor corporation immediately after that time at a cost equal to the proceeds of disposition. Transfer of interest on death
en vertu du sous-alinéa 53(1)e)(i) à l’égard du contribuable pour cet exercice. Définition de société de personnes de professionnels (3.111) Au présent article, société de personnes de professionnels s’entend d’une société de personnes par l’intermédiaire de laquelle une ou plusieurs personnes exercent une profession qui est régie ou réglementée par une loi fédérale ou provinciale. Perte présumée pour certains associés (3.12) Le contribuable — société, succession assujettie à l’imposition à taux progressifs ou particulier autre qu’une fiducie — qui est associé d’une société de personnes à la fin d’un exercice de celle-ci est réputé subir une perte lors de la disposition, à ce moment, de sa participation dans la société de personnes, égale à la somme qu’il a choisie à cette fin dans sa déclaration de revenu produite en vertu de la présente partie pour l’année d’imposition qui comprend ce moment, montant ne dépassant pas le moindre des éléments suivants : a) l’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le total des montants représentant chacun un montant réputé par le paragraphe (3.1) être un gain du contribuable provenant de la disposition de la participation avant ce moment, (ii) le total des montants représentant chacun un montant réputé par le présent paragraphe être une perte du contribuable provenant de la disposition de la participation avant ce moment; b) le prix de base rajusté de la participation pour le contribuable à ce moment. Opérations factices (3.13) Pour l’application de l’article 53, à un moment donné, à l’associé d’une société de personnes qui serait visé au paragraphe (3.1) si l’exercice de la société de personnes qui comprend ce moment se terminait à ce moment, un apport de capital à la société de personnes effectué par l’associé après le 21 février 1994 est réputé ne pas avoir été effectué si, à la fois : a) l’un des faits suivants se vérifie : (i) la société de personnes, ou une personne ou une société de personnes avec laquelle elle a un lien de dépendance : (A) soit consent un prêt à l’associé ou à une personne avec laquelle il a un lien de dépendance, soit versé un montant au titre ou en paiement intégral ou partiel d’une attribution de la part qui revient à l’associé des bénéfices ou du capital de la société de personnes, (iii) l’associé, ou une personne avec laquelle il a un lien de dépendance, devient débiteur de la société de personnes ou d’une société de personnes avec laquelle elle a un lien de dépendance; b) il est établi, par des événements subséquents à l’apport ou autrement, que le prêt a été consenti, le versement, fait ou la dette, contractée, selon le cas, dans le cadre d’une série d’apports et de semblables prêts, versements ou autres opérations. Associé déterminé d’une société de personnes (3.131) L’associé d’une société de personnes au sujet duquel il est raisonnable de considérer que l’une des principales raisons pour lesquelles il n’est pas un associé déterminé de la société de personnes depuis qu’il en est un est d’éviter l’application du paragraphe (3.1) à sa participation dans la société de personnes est réputé, pour l’application de ce paragraphe, avoir été un associé déterminé de la société de personnes en tout temps depuis qu’il en est un associé. Commanditaire (3.14) Pour l’application du paragraphe (3.1), un associé d’une société de personnes est un commanditaire à un moment donné si, à ce moment ou au cours des trois années subséquentes, l’un des faits suivants se vérifie : a) sa responsabilité à titre d’associé est limitée par la loi qui régit le contrat de société (sauf s’il s’agit d’une disposition législative fédérale ou provinciale qui limite sa responsabilité en ce qui a trait aux dettes, obligations et engagements de la société de personnes, ou d’un des ses associés, découlant d’actes ou d’omissions négligents ou de fautes commis par un autre associé de la société de personnes, ou par un employé, mandataire ou représentant de celle-ci, dans le cours des activités de l’entreprise de la société de personnes pendant qu’elle est une société de personnes à responsabilité limitée); b) l’associé, ou une personne avec laquelle il a un lien de dépendance, a le droit, immédiat ou futur et absolu ou conditionnel, de recevoir un montant ou un avantage qui serait visé à l’alinéa 96(2.2)d), compte non tenu des sous-alinéas 40(3.14)b)(ii) et (vi); c) il est raisonnable de considérer que l’associé qui a la participation estime notamment pour limiter la responsabilité d’une personne relativement à cette (a) the amount 1 une production cinématographique visée par règlement pour l’application du sous-alinéa 96(2.2)d)(ii) si les principaux travaux de prise de vue relatifs à la production ou, s’il s’agit d’une production qui est une série télévisée, relatifs à un épisode de la série commencent avant 1995 et si la production est achevée avant le 2 mars 1995, 2 une participation dans une ou plusieurs sociétés de personnes dont la totalité, ou presque, des biens consistent en une production visée à la sous-subdivision 1, iii) le montant a été : (A) d’une part, réuni aux termes d’une convention écrite, à l’exclusion de celle visée au sous-alinéa (i), conclue par une société de personnes avant le 22 février 1994; (B) d’autre part, consacré à des dépenses envisagées par la convention avant l’une des dates suivantes : (I) le 1er janvier 1995, (II) le 2 mars 1995 s’il s’agit de montants consacrés à l’acquisition d’un des biens suivants : 1 une production cinématographique visée par règlement pour l’application du sous-alinéa 96(2.2)d)(ii) si les principaux travaux de prise de vue relatifs à la production ou, s’il s’agit d’une production qui est une série télévisée, relatifs à un épisode de la série commencent avant 1995 et si la production est achevée avant le 2 mars 1995, 2 une participation dans une ou plusieurs sociétés de personnes dont la totalité, ou presque, des biens consistent en une production visée à la sous-subdivision 1, (iii) la société de personnes a utilisé le montant avant l’une des dates suivantes pour effectuer une dépense requise par une convention écrite conclue par la société de personnes avant le 22 février 1994: (A) le 1er janvier 1995; (B) le 2 mars 1995 s’il s’agit de montants consacrés à l’acquisition d’un des biens suivants : (l) une production cinématographique visée par règlement pour l’application du sous-alinéa 96(2.2)(d)(ii) si les principaux travaux de prise de vue relatifs à la production ou, s’il s’agit d’une production qui est une série télévisée, relatifs à un épisode de la série commencent avant 1995 et si la production est achevée avant le 2 mars 1995, (ll) une participation dans une ou plusieurs sociétés de personnes dont la totalité, ou presque, des biens consistent en une production visée à la subdivision (l), (lll) le montant a servi à rembourser un emprunt ou une dette contracté, ou un apport de capital reçu, pour effectuer une telle dépense; b) le montant a été : (i) d’une part, réuni avant 1995 conformément à un document — prospectus, prospectus provisoire, notice d’offre ou déclaration d’enregistrement — produit avant le 22 février 1994 et dûment administré au Canada selon la législation fédérale ou provinciale sur les valeurs mobilières applicable et, si la loi le prévoit, approuvé par l’administration, (ii) d’autre part, consacré avant l’une des dates suivantes à des dépenses envisagées par le document produit avant le 22 février 1994: (A) le 1er janvier 1995, (B) le 2 mars 1995 s’il s’agit de montants consacrés à l’acquisition d’un des biens suivants : (l) une production cinématographique visée par règlement pour l’application du sous-alinéa 96(2.2)(d)(ii), (ll) une participation dans une ou plusieurs sociétés de personnes dont la totalité, ou presque, des biens consistent en une production visée à la subdivision (l), c) le montant a été réuni avant 1995 conformément à une notice d’offre distribuée dans le cadre d’un placement de titres et, à la fois : (i) la notice renferme une description complète ou quasi complète des titres qui y sont envisagés ainsi que les conditions du placement, (ii) la notice a été distribuée avant le 22 février 1994, (i) paragraph 70(6)(d.1) applies, (iii) des démarches en vue de la vente des titres envisagés par la notice ont été faites avant le 22 février 1994, (iv) la vente des titres est à peu près conforme à la notice, (v) les fonds sont dépensés en conformité avec la notice avant l’une des dates suivantes : (A) le 1er janvier 1995, (B) le 2 mars 1995 s’il s’agit d’une société de personnes dont la totalité, ou presque, des biens consistent en l’un des biens suivants : (I) une production cinématographique visée par règlement pour l’application du sous-alinéa 96(2.2)(d)(ii) si les principaux travaux de prise de vues relatifs à la production ou, s’il s’agit d’une production qui est une série télévisée, relatifs à un épisode de la série, commencent avant 1995 et si la production est achevée avant le 2 mars 1995, (II) une participation dans une ou plusieurs sociétés de personnes dont la totalité, ou presque, des biens consistent en une production visée à la subdivision (I), d) le montant à servir à l’activité que la société de personnes exerçait le 22 février 1994, mais non à un accroissement majeur de cette activité ni à l’acquisition ou la réalisation d’une production cinématographique. Exploitation d’une entreprise avant le 22 février 1994 (3.17) Pour l’application du paragraphe (3.15), la société de personnes à laquelle s’appliquent les alinéas (3.16)a), b) ou c) est réputée avoir exploité activement l’entreprise envisagée par le document visé aux alinéas a), b) ou c), selon le cas, ou avoir tiré un revenu de biens de cette entreprise, tout au long de la période commençant le 22 février 1994 et se terminant au premier en date du jour de clôture indiqué dans le document et du 1er janvier 1995. Associé présumé (3.18) Pour l’application du paragraphe (3.1), l’associé d’une société de personnes qui acquiert une participation dans celle-ci après le 22 février 1994 est réputé avoir détenu la participation à cette date s’il a acquis celle-ci : a) dans les circonstances suivantes : (i) l’alinéa 70(6)d.1) s’applique, (i) paragraph 70(6)(d.1) applied, (i) paragraph 70(9.2)(c) applied, (i) paragraph 70(9.3)(e) applied, d) before 1995 pursuant to a document referred to in subparagraph 40(3.16)(a)(i) or paragraph 40(3.16)(b) or 40(3.16)(c). Non-application of subsection (3) When subsection (3.4) applies (3.3) Subsection 40(3.4) applies when Loss on certain properties (3.4) If this subsection applies because of subsection 40(3.3) to a disposition of a particular property, Application du paragraphe (3.4) (3.3) Le paragraphe (3.4) s’applique lorsque les conditions suivantes sont réunies : a) une société, une fiducie ou une société de personnes (appelées « cédant » au présent paragraphe et au paragraphe (3.4)) dispose d’un immobilisation (à l’exclusion d’un bien amortissable d’une catégorie prescrite, et pour ce qui est du calcul du surplus exonéré ou du déficit exonéré, du surplus hybride ou du déficit hybride et du surplus imposable ou du déficit imposable d’une société étrangère affiliée d’un contribuable relativement à celui-ci, dans le cas où le cédant est une société affiliée ou une société de personnes dont celle-ci est un associé, d’un bien qui serait exclu au sens du paragraphe 95(1), du cédant — et ce, autrement qu’à l’occasion d’une disposition visée à l’une des alinéas c) à g) de la définition de perte apparente à l’article 54; b) au cours de la période qui commence 30 jours avant la disposition et se termine 30 jours après cette disposition, le cédant ou une personne qui lui est affiliée acquiert un bien ou un bien identique (appelés « bien de remplacement » au présent paragraphe et au paragraphe (3.4)); c) à la fin de cette période, le cédant ou une personne affiliée à celui-ci est propriétaire du bien de remplacement. Perte sur certains biens (3.4) Lorsque le présent paragraphe s’applique par l’effet du paragraphe (3.3) à la disposition d’un bien, les présomptions suivantes s’appliquent : a) la perte du cédant résultant de la disposition est réputée nulle; b) la perte du cédant résultant de la disposition, déterminée compte non tenu de l’alinéa (2)b) et du présent paragraphe, est réputée être une perte du cédant résultant d’une disposition du bien effectuée immédiatement avant le premier des deux moments suivants qui est postérieur à la disposition : (i) le début d’une période de 30 jours tout au long de laquelle ni le cédant, ni une personne affiliée à celui-ci n’est propriétaire : (A) du bien de remplacement, (B) d’un bien qui est identique au bien de remplacement et qui a été acquis après le jour qui précède de 31 jours le début de la période, (3.5) For the purposes of subsections 40(3.3) and 40(3.4), (ii) le moment auquel le cédant serait réputé, par l’article 128.1 ou le paragraphe 149(10), avoir disposé de l’immobilisation s’il en était propriétaire, (iii) le moment immédiatement avant le moment où le cédant est assujetti à un fait lié à la restriction de pertes, (iv) si le bien de remplacement est une dette ou une action du capital-actions d’une société, le moment auquel le cédant ou une personne affiliée à celui-ci est réputé, par l’article 50, avoir disposé du bien, (v) si le cédant est une société : (A) pour ce qui est du calcul de son revenu étranger accumulé, tiré de biens, de son surplus exonéré ou déficit exonéré, de son surplus hybride ou déficit hybride et de son surplus imposable ou déficit imposable, relativement à un contribuable pour une année d’imposition du cédant dans le cas où celui-ci est une société étrangère affiliée du contribuable, le moment auquel la liquidation et dissolution du cédant commence, sauf si la liquidation et dissolution est : (I) une liquidation et dissolution admissibles, au sens du paragraphe 88(3.1), du cédant, (II) est une liquidation et dissolution désignées, au sens du paragraphe 95(1), du cédant, (B) pour toute autre fin, le moment auquel la liquidation du cédant commence, sauf s’il s’agit d’une liquidation à laquelle s’applique le paragraphe 88(1); c) pour l’application de l’alinéa b), la société de personnes qui cesse d’exister après la disposition est réputée ne cesser d’exister qu’au moment immédiatement après le premier moment visé aux sous-alinéas b)(i) à (v), et chaque personne qui en était un associé immédiatement avant le moment où elle aurait cessé d’exister, n’eût été le présent paragraphe, est réputée le demeurer jusqu’au moment donné. Bien identique présumé (3.5) Les présomptions suivantes s’appliquent dans le cadre des paragraphes (3.3) et (3.4) : (a) le droit d’acquérir un bien (autre qu’un droit donné en garantie seulement et découlant d’une hypothèque, Income Tax PART I Income Tax DIVISION B Computation of Income
Where by virtue of the death of an individual a taxpayer has acquired a property that was an interest in a partnership immediately before the individual’s death (other than an interest to which, immediately before the individual’s death, section 98.1 applied) and the taxpayer is not a member of the partnership and does not become a member of the partnership by reason of that acquisition, (a) the taxpayer shall be deemed to have acquired a right to receive partnership property and not to have acquired an interest in a partnership; (b) the taxpayer shall be deemed to have acquired the right referred to in paragraph 100(3)(a) at a cost equal to the amount determined to be the proceeds of disposition of the interest in the partnership to the deceased individual by virtue of paragraph 70(5)(a) or 70(6)(d), as the case may be; and (c) section 43 is not applicable to the right. Loss of interest in partnership
(B) subsection (3.4) applied to a prior disposition of the other share, and Impôt sur le revenu
Notwithstanding paragraph 39(1)(b), the capital loss of a taxpayer from the disposition at any time of an interest in a partnership is deemed to be the amount of the loss otherwise determined minus the total of all amounts each of which is the amount by which the taxpayer’s share of the partnership’s loss, in respect of a share of the capital stock of a corporation that was property of a particular partnership at that time, would have been reduced under subsection 112(3.1) if the fiscal period of the partnership that includes that time had ended immediately before that time and the particular partnership had disposed of the share immediately before the end of that fiscal period for proceeds equal to its fair market value at that time. Replacement of partnership capital
A taxpayer who pays an amount at any time in a taxation year is deemed to have a capital loss from a disposition of property for the year if (a) the taxpayer disposed of an interest in a partnership before that time or, because of subsection (3), acquired before that time a right to receive property of a partnership; (b) that time is after the disposition or acquisition, as the case may be; SUBDIVISION J Partnerships and their Members (c) the amount would have been described in subparagraph 53(1)(e)(iv) had the taxpayer been a member of the partnership at that time; and (d) the amount is paid pursuant to a legal obligation of the taxpayer to pay the amount. Disposition of farmland by partnership
(a) was, by virtue of section 31, not deductible in computing the taxpayer’s income for the year; (b) was not deducted for the purpose of computing the taxpayer’s taxable income for the taxpayer’s taxation year in which the partnership’s taxation year in which the land was disposed of ended, or for any preceding taxation year of the taxpayer; (c) did not exceed that proportion of the total of (i) taxes (other than income or profits taxes or taxes imposed by reference to the transfer of the property) paid by the partnership in its taxation year ending in the year or payable by it in respect of that taxation year to a province or a Canadian municipality in respect of the property, and (ii) interest paid by the partnership in its taxation year ending in the year or payable by it in respect of that taxation year, pursuant to a legal obligation to pay interest on borrowed money used to acquire the property or on any amount as consideration payable for the property, (to the extent that the taxes and interest were included in computing the loss of the partnership for that taxation year from the farming business), that (iii) the taxpayer’s loss from the farming business for the year is of (iv) the partnership’s loss from the farming business for its taxation year ending in the year; and (i) the total of each of the taxpayer’s losses from the farming business for taxation years preceding the year (to the extent that those losses are included in computing the amount determined under this section in respect of the taxpayer) is deducted from (ii) twice the amount of the taxpayer’s taxable capital gain from the disposition of the land. Definition of Canadian partnership
Member of a partnership
a) le droit d’acquérir un bien (sauf le droit servant de garantie seulement et découlant d’une hypothèque, d’une convention de vente ou d’un titre semblable) est réputé être un bien qui est identique au bien; b) l’action du capital-actions d’une société qui est acquise en échange d’une autre action dans le cadre d’une opération est réputée être un bien qui est identique à l’autre action si, selon le cas : (i) les articles 51, 86 ou 87 s’appliquent à l’opération, (ii) les conditions ci-après sont réunies : (A) l’article 85.1 s’applique à l’opération, (B) le paragraphe (3.4) s’est appliqué à une disposition antérieure de l’autre action, (C) aucun des moments visés aux sous-alinéas (3.4)b)(i) à (v) ne s’applique à l’égard de la disposition antérieure; b.1) si elle a été acquise avant 2013, l’action du capital-actions de la société de conversion de l’EIPD quant à une EIPD donnée est réputée être un bien identique à un intérêt dans l’EIPD convertible; c) lorsque les paragraphes (3.3) et (3.4) s’appliquent à la disposition par un cédant d’une action du capital-actions d’une société donnée et que, après cette disposition, selon le cas : (i) la société donnée est fusionnée ou combinée avec une ou plusieurs autres sociétés autrement que dans une opération relativement à laquelle l’alinéa b) s’applique à l’action, la société issue de la fusion ou de la combinaison est réputée être propriétaire de l’action tant qu’elle est affiliée au cédant, (ii) la société donnée fait l’objet d’une liquidation à laquelle s’applique le paragraphe 88(1), la société mère, au sens du paragraphe 88(1), est réputée être propriétaire de l’action tant qu’elle est affiliée au cédant, (iii) la société donnée fait l’objet d’une liquidation et dissolution qui est une liquidation et dissolution admissible, au sens du paragraphe 88(3.1), ou une liquidation et dissolution désignées, au sens du paragraphe 95(1), et le cédant est une société étrangère affiliée d’un contribuable, pour ce qui est du calcul du revenu étranger accumulé, tiré de biens du cédant, de son surplus exonéré ou déficit exonéré, de son surplus hybride ou déficit hybride et de Income Tax PART I Income Tax DIVISION B Computation of Income
In this Subdivision, a reference to a person or a taxpayer who is a member of a particular partnership shall include a reference to another partnership that is a member of the particular partnership. Agreement to share income, etc., so as to reduce or postpone tax otherwise payable
Loss on shares Impôt sur le revenu
SUBDIVISION J Partnerships and their Members amount in respect of any activity of the partnership that is relevant to the computation of the income or taxable income of any of the members thereof, and the principal reason for the agreement may reasonably be considered to be the reduction or postponement of the tax that might otherwise have been or become payable under this Act, the share of each member of the partnership in the income or loss, as the case may be, or in that other amount, is the amount that is reasonable having regard to all the circumstances including the proportions in which the members have agreed to share profits and losses of the partnership from other sources or from sources in other places. Agreement to share income, etc., in unreasonable proportions (1.1) Where two or more members of a partnership who are not dealing with each other at arm’s length agree to share any income or loss of the partnership or any other amount in respect of any activity of the partnership that is relevant to the computation of the income or taxable income of those members and the share of any such member of that income, loss or other amount is not reasonable having regard to all the circumstances, including the capital invested in or work performed for the partnership by the members thereof or such other factors as may be relevant, that share shall, notwithstanding any agreement, be deemed to be the amount that is reasonable in the circumstances. Definition of losses
For the purposes of this section, the word losses when used in the expression “profits and losses” means losses determined without reference to other provisions of this Act. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1970-71-72, c. 63, s. 1 “103”; 1980-81-82-83, c. 48, s. 53. Trusts and their Beneficiaries Reference to trust or estate
SUBDIVISION K Trusts and their Beneficiaries subsection 248(1) and paragraph (h) of that definition, a trust is deemed not to include an arrangement under which the trust can reasonably be considered to act as agent for all the beneficiaries under the trust with respect to all dealings with all of the trust’s property unless the trust is described in any of paragraphs (a) to (e.1) of the definition trust in subsection 108(1). Restricted meaning of beneficiary (1.1) Notwithstanding subsection 248(25), for the purposes of subsection (1), paragraph (4)(a.4), subparagraph 73(1.02)(b)(ii) and paragraph 107.4(1)(e), a person or partnership is deemed not to be a beneficiary under a trust at a particular time if the person or partnership is beneficially interested in the trust at the particular time solely because of (a) a right that may arise as a consequence of the terms of the will or other testamentary instrument of an individual who, at the particular time, is a beneficiary under the trust; (b) a right that may arise as a consequence of the law governing the intestacy of an individual who, at the particular time, is a beneficiary under the trust; (c) a right as a shareholder under the terms of the shares of the capital stock of a corporation that, at the particular time, is a beneficiary under the trust; (d) a right as a member of a partnership under the terms of the partnership agreement, where, at the particular time, the partnership is a beneficiary under the trust; or Taxed as individual
A trust shall, for the purposes of this Act, and without affecting the liability of the trustee or legal representative for that person’s own income tax, be deemed to be in respect of the trust property an individual, but where there is more than one trust and (a) substantially all of the property of the various trusts has been received from one person, and (b) the various trusts are conditioned so that the income thereof accrues or will ultimately accrue to the same beneficiary, or group or class of beneficiaries, such of the trustees as the Minister may designate shall, for the purposes of this Act, be deemed to be in respect of SUBDIVISION k Trusts and their Beneficiaries all the trusts an individual whose property is the property of all the trusts and whose income is the income of all the trusts. Deemed disposition by trust
son surplus imposable ou déficit imposable, relativement au contribuable pour une année d’imposition du cédant, le contribuable visé au paragraphe 88(3.1) ou l’actionnaire donné visé à la définition de liquidation et dissolution désignées au paragraphe 95(1), selon le cas, est réputé être propriétaire de l’action tant qu’il est affilié au cédant; d) lorsque les paragraphes (3.3) et (3.4) s’appliquent à la disposition par un cédant d’une action du capital-actions d’une société et que, après cette disposition, l’action est rachetée, acquise ou annulée par la société en dehors d’une autre opération relativement à laquelle les alinéas b) ou c) s’appliquent à l’action, le cédant est réputé être propriétaire de l’action tant que la société lui est affiliée. Perte lors de la disposition d’une action (3.6) Dans le cas où un contribuable dispose, en faveur d’une société qui lui est affiliée immédiatement après la disposition, d’une action d’une catégorie du capital-actions de la société (à l’exclusion d’une action privilégiée de renflouement, au sens du paragraphe 80(1) et, pour le calcul de l’excédent exonéré ou du déficit exonéré, de l’excédent hybride ou du déficit hybride, selon le cas, de la société relativement à un autre contribuable, dans le cas où le contribuable ou, s’il est une société de personnes, son associé est une société étrangère affiliée de l’autre contribuable, d’un bien qui est ou serait, au sens du paragraphe 95(1), du contribuable ou le serait si celui-ci était une société étrangère affiliée de l’autre contribuable), les règles ci-après s’appliquent : a) la perte du contribuable résultant de la disposition est réputée nulle; b) est à ajouter dans le calcul du prix de base rajusté, pour le contribuable après la disposition, d’une action d’une catégorie du capital-actions de la société qui appartenait au contribuable immédiatement après la disposition le produit de la multiplication du montant de sa perte résultant de la disposition, déterminée non tenu de l’alinéa (2)g) et du présent paragraphe, par le rapport entre : (i) d’une part, la juste valeur marchande de l’action immédiatement après la disposition, (ii) d’autre part, la juste valeur marchande, immédiatement après la disposition, de l’ensemble des actions du capital-actions de la société appartenant au contribuable.
Every trust is, at the end of each of the following days, deemed to have disposed of each property of the trust (other than exempt property) that was capital property (other than depreciable property) or land included in the inventory of a business of the trust for proceeds equal to its fair market value (determined with reference to subsection 70(5.3)) at the end of that day and to have reacquired the property immediately after that day for an amount equal to that fair market value, and for the purposes of this Act those days are (i) is a trust that was created by the will of a taxpayer who died after 1971 and that, at the time it was created, was a trust, (i.1) is a trust that was created by the will of a taxpayer who died after 1971 to which property was transferred in circumstances to which paragraph 70(5.2)(c) or, in the case of a transfer that occurred in a taxation year before 2007, (b) or (d), as those paragraphs read in their application to that taxation year) or (6)(d) applied, and that, immediately after any such property vested indefeasibly in the trust as a consequence of the death of the taxpayer, was a trust, (ii) is a trust that was created after June 17, 1971 by a taxpayer during the taxpayer’s lifetime that, at any time after 1971, was a trust, or (ii.1) is a trust (other than a trust the terms of which are described in clause (iv)(A) that elects in its return of income under this Part for its first taxation year that this subparagraph not apply) that was created after 1999 by a taxpayer during the taxpayer’s lifetime and that, at any time after 1999, was a trust under which (iii) the taxpayer’s spouse or common-law partner was entitled to receive all of the income of the trust that arose before the spouse’s or common-law partner’s death and no person except the spouse or common-law partner could, before the spouse’s or common-law partner’s death, receive or otherwise obtain the use of any of the income or capital of the trust, or (iv) in the case of a trust described in subparagraph (ii.1) created by a taxpayer who had attained 65 years of age at the time the trust was created, (A) the taxpayer was entitled to receive all of the income of the trust that arose before the taxpayer’s death and no person except the taxpayer could, before the taxpayer’s death, receive or otherwise obtain the use of any of the income or capital of the trust, (B) the taxpayer or the taxpayer’s spouse was, in combination with the spouse or the taxpayer, as the case may be, entitled to receive all of the income of the trust that arose before the later of the death of the taxpayer and the death of the spouse and no other person could, before the later of those deaths, receive or otherwise obtain the use of any of the income or capital of the trust, or (C) the taxpayer or the taxpayer’s common-law partner was, in combination with the common-law partner or the taxpayer, as the case may be, entitled to receive all of the income of the trust that arose before the later of the death of the taxpayer and the death of the common-law partner and no other person could, before the later of those deaths, receive or otherwise obtain the use of any of the income or capital of the trust, the day on which the death or the later death, as the case may be, occurs; (a.1) where the trust is a pre-1972 spousal trust on January 1, 1993 and the spouse or common-law partner referred to in the definition pre-1972 spousal trust in subsection 108(1) in respect of the trust was (i) in the case of a trust created by the will of a taxpayer, alive on January 1, 1976, and (ii) in the case of a trust created by a taxpayer during the taxpayer’s lifetime, alive on May 26, 1976, the day that is the later of (iii) the day on which that spouse or common-law partner dies, and (iv) January 1, 1993; (a.2) where the trust makes a distribution to a beneficiary in respect of the beneficiary’s capital interest in the trust, it is reasonable to conclude that the distribution was financed by a liability of the trust and one of the purposes of incurring the liability was to avoid taxes otherwise payable under this Part as a consequence of the death of any individual, the day on which the distribution is made (determined as if a day ends for the trust immediately after the time at which each distribution is made by the trust to a beneficiary in respect of the beneficiary’s capital interest in the trust); (a.3) where property (other than property described in any of subparagraphs 128.1(4)(b)(i) to (iii)) has been transferred by a taxpayer after December 17, 1999 to the trust in circumstances to which subsection 73(1) applied, it is reasonable to conclude that the property was so transferred in anticipation that the taxpayer would subsequently cease to reside in Canada and the taxpayer subsequently ceases to reside in Canada, the first day after that transfer (determined as if a day ends for the trust immediately after each time at which the taxpayer ceases to be resident in Canada); (a.4) where the trust is a trust to which property was transferred by a taxpayer who is an individual (other than a trust) in circumstances in which section 73 or subsection 107.4(3) applied, the transfer did not result in a change in beneficial ownership of that property and no person (other than the taxpayer) or partnership has any absolute or contingent right as a beneficiary under the trust (determined with reference to subsection (1.1)), the day on which the death of the taxpayer occurs; (b) the day that is 21 years after the latest of (i) January 1, 1972, (ii) the day on which the trust was created, and (iii) where applicable, the day determined under paragraph (a), (a.1) or (a.4) as those paragraphs applied from time to time after 1971; and (c) the day that is 21 years after any day (other than a day determined under any of paragraphs (a) to (a.4)) that is, because of this subsection, a day on which the trust is deemed to have disposed of each such property.
[Repealed, 1994, Sch. VIII, c. 7, s. 12] exceeds a) le particulier est réputé avoir été propriétaire du bien tout au long de la période durant laquelle le contribuable en a été propriétaire; b) le bien est réputé avoir été la résidence principale du particulier : (i) dans tout cas où le paragraphe 70(6) s'applique pour une année d'imposition pour laquelle il aurait été la résidence principale du contribuable si celui-ci l'avait désignée selon les modalités réglementaires comme ayant été sa résidence principale pour cette année, (ii) dans tout cas où le paragraphe 73(1) s'applique pour une année d'imposition pour laquelle il était la résidence principale du contribuable; c) lorsque le particulier est une fiducie, la fiducie est réputée avoir résidé au Canada durant chaque année d'imposition pendant laquelle le contribuable résidait au Canada.
Every trust is, at the end of each day determined under subsection (4) in respect of the trust, deemed to have disposed of each property of the trust (other than exempt property) that was a depreciable property of a prescribed category. SUBDIVISION K Trusts and their Beneficiaries class of the trust for proceeds equal to its fair market value at the end of that day and to have reacquired the property immediately after that day at a capital cost (in this subsection referred to as the “deemed capital cost”) equal to that fair market value, except that (a) where the amount that was the capital cost to the trust of the property immediately before the end of the day (in this paragraph referred to as the “actual capital cost”) exceeds the deemed capital cost to the trust of the property, for the purpose of sections 13 and 20 and any regulations made for the purpose of paragraph 20(1)(a) as they apply in respect of the property at any subsequent time, (i) the capital cost to the trust of the property on its reacquisition shall be deemed to be the amount that was the actual capital cost to the trust of the property, and (ii) the excess shall be deemed to have been allowed under paragraph 20(1)(a) to the trust in respect of the property in computing its income for taxation years that ended before the trust reacquired the property; (b) for the purposes of this subsection, the reference to “at the end of a taxation year” in subsection 13(1) shall be read as a reference to “at the particular time a trust is deemed by subsection 104(5) to have disposed of depreciable property of a prescribed class”; and (c) for the purpose of computing the excess, if any, referred to in subsection 13(1) at the end of the taxation year of a trust that included a day on which the trust is deemed by this subsection to have disposed of a depreciable property of a prescribed class, any amount that, on that day, was included in the trust’s income for the year under subsection 13(1) as it reads because of paragraph 104(5)(b), shall be deemed to be an amount included under section 13 in the trust’s income for a preceding taxation year. NISA Fund No. 2 (5.1) Every trust that holds an interest in a NISA Fund No. 2 that was transferred to it in circumstances to which paragraph 70(6.1)(b) applied is deemed, at the end of the day on which the spouse or common-law partner referred to in that paragraph dies, to have been paid an amount out of the fund equal to the balance at the end of that day in the fund so transferred. (5.2) Where at the end of a day determined under subsection (4) in respect of a trust, the trust owns a Canadian resource property (other than an exempt property) or a foreign resource property (other than an exempt property), (a) for the purposes of determining the amounts under subsection 59(1), paragraphs 59.3(2)(c) and (c.1), subsections 66(4) and 66.2(1), the definition cumulative Canadian development expense in subsection 66.2(5), the definition cumulative foreign resource expense in subsection 66.21(1), subsection 66.4(1) and the definition cumulative Canadian oil and gas property expense in subsection 66.4(5), the trust is deemed (i) to have a taxation year (in this subsection referred to as the “old taxation year”) that ended at the end of that day and a new taxation year that begins immediately after that day, and (ii) to have disposed, immediately before the end of the old taxation year, of each of those properties for proceeds that became receivable at that time equal to its fair market value at that time and to have reacquired, at the beginning of the new taxation year, each such property for an amount equal to its fair market value; and (b) for the particular taxation year of the trust that included that day, the trust shall (i) include in computing its income for the particular taxation year the amount, if any, determined under paragraph 59.3(2)(c) in respect of the old taxation year and the amount so included shall, for the purposes of the determination of B in the definition cumulative Canadian development expense in subsection 66.2(5), be deemed to have been included in computing its income for a preceding taxation year, (i.1) include in computing its income for the particular taxation year the amount, if any, determined under paragraph 59.3(2)(c.1) in respect of the old taxation year and the amount so included is, for the purpose of determining the value of B in the definition cumulative foreign resource expense in subsection 66.21(1), deemed to have been included in computing its income for a preceding taxation year, and (ii) deduct in computing its income for the particular taxation year the amount, if any, determined under subsection 66(4) in respect of the old taxation year and the amount so deducted shall, for the purposes of paragraph 66(4)(a), be deemed to have been deducted for a preceding taxation year. Trust transfers (5.8) Where capital property, land included in inventory, Canadian resource property or foreign resource property is transferred at a particular time by a trust (in this subsection referred to as the “transferor trust”) to another trust (in this subsection referred to as the “transferee trust”) in circumstances in which subsection 107(2) or 107.4(3) or paragraph (f) of the definition disposition in subsection 248(1) applies, (i) subject to paragraphs (b) to (b.3), the first day (in this subsection referred to as the “disposition day”) that ends at or after the particular time that would, if the transfer were not made, in respect of the paragraphs (4)(a.2) and (a.3), be determined to be the earliest of (A) the first day ending at or after the particular time that would be determined under subsection 104(4) in respect of the transferor trust without regard to the transfer and any transaction or event occurring after the particular time, (B) the first day ending at or after the particular time that would otherwise be determined under subsection 104(4) in respect of the transferee trust without regard to any transaction or event occurring after the particular time, (C) the first day that ends at or after the particular time, where (I) the transferor trust is a joint spousal or common-law partner trust, a post-1971 spousal or common-law partner trust or a trust described in the definition pre-1972 spousal trust in subsection 108(1), and (II) the spouse or common-law partner referred to in paragraph (4)(a) or in the definition pre-1972 spousal trust in subsection 108(1) is alive at the particular time, (C.1) the first day that ends at or after the particular time, where SUBDIVISION K Trusts and their Beneficiaries (I) the transferor trust is an alter ego trust, a trust to which paragraph (4)(a.4) applies or a joint spousal or common-law partner trust, and (II) the taxpayer referred to in paragraph (4)(a) or (a.4), as the case may be, is alive at the particular time, and (I) the disposition day would, but for the application of this subsection to the transfer, be determined under paragraph 104(5.3)(a) in respect of the transferee trust, and (II) the particular time is after the day that would, but for subsection 104(5.3), be determined under paragraph 104(4)(b) in respect of the transferee trust, the first day ending at or after the particular time, and (ii) where the disposition day determined in respect of the transferee trust under subparagraph 104(5.3)(a)(i) is earlier than the day referred to in clause 104(5.8)(a)(i)(B) in respect of the transferee trust, subsections 104(4) to 104(5.2) do not apply to the transferee trust on the day referred to in clause 104(5.8)(a)(i)(B) in respect of the transferee trust; (b) paragraph (a) does not apply in respect of the transfer where (i) the transferor trust is a post-1971 spousal or common-law partner trust or a trust described in the definition pre-1972 spousal trust in subsection 108(1), (ii) the spouse or common-law partner referred to in paragraph (4)(a) or in the definition pre-1972 spousal trust in subsection 108(1) is alive at the particular time, and (iii) the transferee trust is a post-1971 spousal or common-law partner trust or a trust described in the definition pre-1972 spousal trust in subsection 108(1); (b.1) paragraph (a) does not apply in respect of the transfer where (i) the transferor trust is an alter ego trust, (ii) the taxpayer referred to in paragraph (4)(a) is alive at the particular time, and SUBDIVISION K Trusts and their Beneficiaries (iii) the transferee trust is an alter ego trust; (b.2) paragraph (a) does not apply in respect of the transfer where (i) the transferor trust is a joint spousal or common-law partner trust, (ii) either the taxpayer referred to in paragraph (4)(a), or the spouse or common-law partner referred to in that paragraph, is alive at the particular time, and (iii) the transferee trust is a joint spousal or common-law partner trust; (b.3) paragraph (a) does not apply in respect of the transfer where (i) the transferor trust is a trust to which paragraph (4)(a.4) applies, (ii) the taxpayer referred to in paragraph (4)(a.4) is alive at the particular time, and (iii) the transferee trust is a trust to which paragraph (4)(a.4) applies; and (c) for the purposes of subsection 104(5.3), unless a day ending before the particular time has been determined under paragraph 104(4)(a.1) or 104(4)(b) or would, but for subsection 104(5.3), have been so determined, a day determined under subparagraph 104(5.8)(a)(i) shall be deemed to be a day determined under paragraph 104(4)(a.1) or 104(4)(b), as the case may be, in respect of the transferee trust. Deduction in computing income of trust
[Abrogé, 1994, ch. 7, ann. VIII, art. 12] Résidence principale à la fin de 1981
Subject to subsections (7) to (7.1), for the purposes of this Part, there may be deducted in computing the income of a trust for a taxation year (a) in the case of an employee trust, the amount by which the amount that would, but for this subsection, be its income for the year exceeds the amount, if any, by which (i) the total of all amounts each of which is its income for the year from a business SUBDIVISION K Trusts and their Beneficiaries (ii) the total of all amounts each of which is its loss for the year from a business; (a.1) in the case of a trust governed by an employee benefit plan, such part of the amount that would, but for this subsection, be its income for the year as was paid in the year to a beneficiary; (a.2) where the taxable income of the trust for the year is subject to tax under this Part because of paragraph 146(4)(c) or subsection 146.3(3.1), the part of the amount that, but for this subsection, would be the income of the trust for the year that was paid in the year to a beneficiary; (a.3) in the case of a trust deemed by subsection 143(1) to exist in respect of a congregation that is a constituent part of a religious organization, such part of its income for the year as became payable in the year to a beneficiary; (a.4) in the case of an employee life and health trust, an amount that became payable by the trust in the year as a designated employee benefit (as defined in subsection 144.1(1)); and (b) in any other case, the amount that the trust claims not exceeding the amount, if any, determined by the formula A is the part of its income (determined without reference to this subsection and subsection (12)) for the year that became payable in the year to, or that was included under subsection 105(2) in computing the income of, a beneficiary, and (i) if the trust is a trust for which a day is to be determined under paragraph (4)(a) or (a.4) by reference to a death or later death, as the case may be, that has not occurred before the beginning of the year, the total of (A) the part of its income (determined without reference to this subsection and subsection (12)) for the year that became payable in the year to, or that was included under subsection 105(2) in computing the income of, a beneficiary (other than an individual whose death is that death or later death, as the case may be), and (B) the total of all amounts each of which (l) is included in its income (determined without reference to this subsection and subsection (12)) for the year — if the year is the year in which that death or later death, as the case may be, occurs and paragraph (13.4)(b) does not apply in respect of the trust for the year — because of the application of subsection (4), (5), (5.1) or (5.2) or 12(10.2), and (II) is not included in the amount determined for clause (A) for the year, and (iii) if the trust is a SIFT trust for the year, the amount, if any, by which (A) the amount determined for A for the trust for the year (B) the amount, if any, by which the amount determined for A for the trust for the year exceeds its non-portfolio earnings for the year. Non-resident beneficiary
Sous réserve du paragraphe (6.1), si un bien appartenait à un contribuable, conjointement avec une autre personne ou autrement, à la fin de 1981 et de façon continue du début de 1982 jusqu'à la disposition du bien par le contribuable, le montant du gain déterminé en vertu de l'alinéa (2)b) relativement à la disposition ne dépasse pas l'excédent éventuel du total des montants suivants : a) son gain calculé conformément à l'alinéa (2)b) à supposer qu'il en ait disposé le 31 décembre 1981 et en ait reçu un produit de disposition égal à sa juste valeur marchande à cette date; b) son gain calculé conformément à l'alinéa (2)b) à supposer que cet alinéa s'applique et : (i) qu'il ait acquis le bien le 1er janvier 1982 à un coût égal à son produit de disposition tel que déterminé en vertu de l'alinéa a), (ii) qu'il ne soit pas tenu compte du passage « le nombre un plus » à l'élément B de la formule figurant à l'alinéa (2)b), sur : c) l'excédent éventuel de la juste valeur marchande du bien au 31 décembre 1981 sur le produit de disposition du bien déterminé compte non tenu du présent paragraphe. A + B – C where Résidence principale à la fin de 2016 (6.1) Si une fiducie est propriétaire d’un bien à la fin de 2016, que la fiducie n’est pas dans sa première année d’imposition qui commence après 2016 une fiducie visée au sous-alinéa c.1)(iii.1) de la définition de résidence principale à l’article 54, que la fiducie dispose du bien après 2016, que la disposition est la première disposition du bien effectuée par la fiducie après 2016 et que la fiducie est propriétaire du bien, conjointement avec une autre personne ou autrement, de façon continue du début de 2017 jusqu’au moment de la disposition, les règles ci-après s’appliquent : a) le paragraphe (6) ne s’applique pas à la disposition; b) le gain de la fiducie déterminé en vertu de l’alinéa (2)(b) relativement à la disposition correspond à la somme obtenue par la formule suivante : A + B – C où : A représente le gain de la fiducie calculé conformément à l’alinéa (2)(b) à supposer, à la fois : (i) que la fiducie ait disposé du bien le 31 décembre 2016 pour un produit de disposition égal à sa juste valeur marchande à cette date, (ii) que l’alinéa a) ne se soit pas appliqué relativement à la disposition visée au sous-alinéa (i), B le gain de la fiducie calculé conformément à l’alinéa (2)(b) relativement à la disposition à supposer, à la fois : (i) que l’élément B de la formule figurant à cet alinéa s’applique compte non tenu du passage « le nombre plus un », (ii) que la fiducie ait acquis le bien le 1er janvier 2017 à un coût égal à sa juste valeur marchande le 31 décembre 2016, C l’excédent éventuel de la juste valeur marchande du bien le 31 décembre 2016 sur le produit de disposition relatif au bien déterminé compte non tenu du présent paragraphe. Acquisition d’un bien en acquittement d’une participation dans une fiducie
No deduction may be made under subsection 104(6) in computing the income for a taxation year of a trust in respect of such part of an amount that would otherwise be its income for the year as became payable in the year to a beneficiary who was, at any time in the year, a designated beneficiary of the trust (as that expression applies for the purposes of section 210.3) unless, throughout the year, the trust was resident in Canada. Trusts deemed to be resident in Canada (7.01) If a trust is deemed by subsection 94(3) to be resident in Canada for a taxation year for the purpose of computing the trust’s income for the year, the maximum amount deductible under subsection (6) in computing its income for the year is the amount, if any, by which (a) the maximum amount that, if this Act were read without reference to this subsection, would be deductible under subsection (6) in computing its income for the year, (i) the portion of the trust’s designated income for the year (within the meaning assigned by section 210) that became payable in the year to a non-resident beneficiary under the trust in respect of an interest of the non-resident as a beneficiary under the trust, and (ii) all amounts each of which is determined by the formula A is an amount (other than an amount described in subparagraph (i)) that (A) is paid or credited (having the meaning assigned by Part XIII) in the year to the trust, (B) would, if this Act were read without reference to subparagraph 94(3)(a)(viii), paragraph 212(2)(b) and sections 216 and 217, be an amount as a consequence of the payment or crediting of which the trust would have been liable to tax under Part XIII, and (C) becomes payable in the year by the trust to a non-resident beneficiary under the trust in respect of an interest of the non-resident as a beneficiary under the trust, and (A) 0.35, if the trust can establish to the satisfaction of the Minister that the non-resident beneficiary to whom the amount described in the description of A is payable is resident in a country with which Canada has a tax treaty under which the amount that Canada may impose on the beneficiary in respect of the amount is limited, and Limitation — amount claimed as gift (7.02) No deduction may be made under subsection (6) in computing the income for a taxation year of an estate that arose on and as a consequence of an individual’s death in respect of a payment to the extent that the payment is a gift in respect of which an amount is deducted under section 118.1 for any taxation year in computing the individual’s tax payable under this Part. Capital interest greater than income interest (7.1) Where it is reasonable to consider that one of the main purposes for the existence of any term, condition, right or other attribute of an interest in a trust (other than a personal trust) is to give a beneficiary a percentage interest in the property of the trust that is greater than the beneficiary's percentage interest in the income of the trust, no amount may be deducted under paragraph 104(6)(b) in computing the income of the trust. (7.2) Notwithstanding any other provision of this Act, where (a) a taxpayer has acquired a right to or to acquire an interest in a trust, or a right to or to acquire a property of a trust, and (b) it is reasonable to consider that one of the main purposes of the acquisition was to avoid the application of subsection 104(7.1) in respect of the trust, on a disposition of the right (other than pursuant to the exercise thereof), the interest or the property, there shall be included in computing the income of the taxpayer for the taxation year in which the disposition occurs the amount, if any, by which (c) the proceeds of disposition of the right, interest or property, as the case may be, Deduction of amounts included in preferred beneficiaries’ incomes
Pour l’application de l’alinéa (2)(b) et de la définition de résidence principale à l’article 54, un bien acquis par un contribuable en acquittement de tout ou partie de sa participation au capital d’une fiducie, dans des circonstances où le paragraphe 107(2) s’applique et où le paragraphe 107(4) ne s’applique pas, le contribuable est réputé avoir été propriétaire du bien depuis que la fiducie a acquis le bien la dernière fois. Application of s. 70(10) A × B/C where Application of subsection (11) Effet du choix prévu au paragraphe 110.6(19) (7.1) Dans le cas où le choix prévu au paragraphe 110.6(19) est effectué relativement à un bien d’un contribuable qui était sa résidence principale pour l’année d’imposition 1994 ou qu’il désigne comme telle dans sa déclaration de revenu pour l’année d’imposition au cours de laquelle il en dispose ou consent une option d’achat à son égard, le jour où le contribuable a acquis le bien, ou l’a acquis de nouveau, pour la dernière fois et la période tout au long de laquelle il en a été propriétaire sont déterminés, par l’application de l’alinéa (2)b) et des paragraphes (4) à (7), compte non tenu du paragraphe 110.6(19). Application du par. 70(10)
There may be deducted in computing the income of a trust for a taxation year the lesser of (a) the total of all amounts designated under subsection 104(14) by the trust in respect of the year, and (b) the accumulating income of the trust for the year.
Les définitions figurant au paragraphe 70(10) s’appliquent au présent article. Gain ou perte résultant de la disposition d’un bien canadien imposable
There shall be included in computing the income for a particular taxation year of a beneficiary under a trust such of the following amounts as are applicable: (a) in the case of a trust (other than a trust referred to in paragraph (a) of the definition trust in subsection 108(1)), such part of the amount that, but for subsections (6) and (12), would be the trust’s income for the trust’s taxation year that ended in the particular year SUBDIVISION K Trusts and their Beneficiaries as became payable in the trust’s year to the beneficiary; and (b) in the case of a trust governed by an employee benefit plan to which the beneficiary has contributed as an employer, such part of the amount that, but for subsections (6) and (12), would be the trust’s income for the trust’s taxation year that ended in the particular year as was paid in the trust’s year to the beneficiary. Amounts deemed not paid (13.1) Where a trust, in its return of income under this Part for a taxation year throughout which it was resident in Canada and not exempt from tax under Part I by reason of subsection 149(1), designates an amount in respect of a beneficiary under the trust, not exceeding the amount determined by the formula A is the beneficiary’s share of the income of the trust for the year computed without reference to this Act, B is the total of all amounts each of which is a beneficiary’s share of the income of the trust for the year computed without reference to this Act, C is the total of all amounts each of which is an amount that, but for this subsection or subsection 104(13.2), would be included in computing the income of a beneficiary under the trust by reason of subsection 104(13) or 105(2) for the year, D is the amount deducted under subsection 104(6) in computing the income of the trust for the year, and E is equal to the amount determined by the trust for the year and used as the value of C for the purposes of the formula in subsection 104(13.2) or, if no amount is so determined, nil, the amount so designated shall be deemed, for the purposes of subsections 104(13) and 105(2), not to have been paid to or to have become payable in the year to or for the benefit of the beneficiary or out of income of the trust. (13.2) Where a trust, in its return of income under this Part for a taxation year throughout which it was resident in Canada and not exempt from tax under Part I by reason of subsection 149(1), designates an amount in respect of a beneficiary under the trust, not exceeding the amount determined by the formula A is the amount designated by the trust for the year in respect of the beneficiary under subsection 104(21), B is the total of all amounts each of which has been designated for the year in respect of a beneficiary of the trust under subsection 104(21), and C is the amount determined by the trust and used in computing all amounts each of which is designated by the trust for the year under this subsection, not exceeding the amount by which (ii) the total of all amounts each of which is an amount that, but for this subsection or subsection 104(13.1), would be included in computing the income of a beneficiary under the trust by reason of subsection 104(13) or 105(2) for the year (ii) the amount deducted under subsection 104(6) in computing the income of the trust for the year, the amount so designated shall (a) for the purposes of subsections (13) and 105(2) (except in the application of subsection (13) for the purposes of subsection 21), be deemed not to have been paid or to have become payable in the year to or for the benefit of the beneficiary or out of income of the trust; and (b) except for the purposes of subsection 104(21) as it applies for the purposes of subsections 104(21.1) and 104(21.2), reduce the amount of the taxable capital gains of the beneficiary otherwise included in computing the beneficiary’s income for the year by reason of subsection 104(21). Invalid designation (13.3) Any designation made under subsection (13.1) or (13.2) by a trust in its return of income under this Part for a taxation year is invalid if the trust’s taxable income for the year, determined without reference to this subsection, is greater than nil. Death of beneficiary — spousal and similar trusts (13.4) If an individual’s death occurs on a day in a particular taxation year of a trust and the death is the death or later death, as the case may be, referred to in paragraph (4)(a), (a.1) or (a.4) in respect of the trust, (a) the particular year is deemed to end at the end of that day, a new taxation year of the trust is deemed to begin immediately after that day and, for the purpose of determining the trust’s fiscal period after the new taxation year began, the trust is deemed not to have established a fiscal period before the new taxation year began; (b) subject to paragraph (b.1), the trust’s income (determined without reference to subsections (6) and (12)) for the particular year is, notwithstanding subsection (24), deemed (i) to have become payable in the year to the individual, and (A) to have become payable to another beneficiary, or (B) to be included under subsection 105(2) in computing the individual’s income; (b.1) paragraph (b) does not apply in respect of the trust for the particular year, unless (i) the individual is resident in Canada immediately before the death, (ii) the trust is, immediately before the death, a testamentary trust that (A) is a post-1971 spousal or common-law partner trust, and (B) was created by the will of a taxpayer who died before 2017, and (iii) an election — made jointly between the trust and the legal representative administering the individual’s graduated rate estate in prescribed form — that paragraph (b) applies is filed with (A) the individual’s return of income under this Part for the individual’s year, and (B) the trust’s return of income under this Part for the particular year; and (c) in respect of the particular year (i) the references in paragraph 150(1)(c) to “year” and in subparagraph (a)(ii) of the definition balance-due day in subsection 248(1) to “taxation year” are to be read as “calendar year in which the taxation year ends”, and (ii) the reference in subsection 204(2) of the Income Tax Regulations to “end of the taxation year” is to be read as “end of the calendar year in which the taxation year ends”. Election by trust and preferred beneficiary
Lorsqu’une personne non-résidente dispose d’un bien canadien imposable qu’elle a acquis pour la dernière fois avant le 27 avril 1995 et qui ne serait pas un bien canadien imposable immédiatement avant la disposition si l’article 115 était remplacé par sa version applicable aux dispositions effectuées le 26 avril 1995, mais en serait un immédiatement avant la disposition si cet article était remplacé par sa version applicable aux dispositions effectuées le 1er janvier 1996, le gain ou la perte de la personne résultant de la disposition est réputé égal au montant obtenu par la formule suivante : A × B/C où : A représente le montant du gain ou de la perte, déterminé compte non tenu du présent paragraphe; B le nombre de mois depuis mai 1995 jusqu’au mois qui comprend le moment de la disposition; C le nombre de mois depuis le mois au cours duquel la personne a acquis le bien pour la dernière fois jusqu’au mois qui comprend le moment de la disposition. Application du paragraphe (11)
Where a trust and a preferred beneficiary under the trust for a particular taxation year of the trust jointly so elect in respect of the particular year in prescribed manner, such part of the accumulating income of the trust for the particular year as is designated in the election, not exceeding the allocable amount for the preferred beneficiary in respect of the trust for the particular year, shall be included in computing the income of the preferred beneficiary for the beneficiary’s taxation year in which the particular year ended and shall not be included in computing the income of any beneficiary of the trust for a subsequent taxation year. Allocable amount for preferred beneficiary
Le paragraphe (11) s’applique au calcul, à un moment donné, du gain ou de la perte d’un contribuable Income Tax PART I Income Tax DIVISION B Computation of Income
For the purpose of subsection 104(14), the allocable amount for a preferred beneficiary under a trust in respect of the trust for a taxation year is (a) where the trust is an alter ego trust, a joint spousal or common-law partner trust, a post-1971 spousal or common-law partner trust or a trust described in the definition pre-1972 spousal trust in subsection 108(1) at the end of the year and a beneficiary, referred to in paragraph (4)(a) or in that definition, is alive at the end of the year, an amount equal to (i) if the preferred beneficiary is a beneficiary so referred to, the trust’s accumulating income for the year, and (ii) in any other case, nil; (b) where paragraph (a) does not apply and the preferred beneficiary’s interest in the trust is not solely contingent on the death of another beneficiary who has a capital interest in the trust and who does not have an income interest in the trust, the trust’s accumulating income for the year; and SUBDIVISION K Trusts and their Beneficiaries (c) in any other case, nil.
Gain or loss on foreign currency debt A + B − C where A is (a) the relevant part of the foreign currency debt at the particular time, or (a) the relevant part of the foreign currency debt at the particular time, or Impôt sur le revenu
If an amount (in this subsection and section 122 re- ferred to as the trust’s “non-deductible distributions amount” for the taxation year) is determined under sub- paragraph (ii) of the description of B in paragraph (6)(b) in respect of a SIFT trust for a taxation year (a) each beneficiary under the SIFT trust to whom at any time in the taxation year an amount became payable by the trust is deemed to have received at that time a taxable dividend that was paid at that time by a taxable Canadian corporation; (b) the amount of a dividend described in paragraph (a) as having been received by a beneficiary at any time in a taxation year is equal to the amount deter- mined by the formula A is the amount that became payable at that time by the SIFT trust to the beneficiary, B is the total of all amounts, each of which became payable in the taxation year by the SIFT trust to a beneficiary under the SIFT trust, and C is the SIFT trust’s non-deductible distributions amount for the taxation year; (c) the amount of a dividend described in paragraph (a) in respect of a beneficiary under the SIFT trust is deemed for the purpose of subsection (13) not to be an amount payable to the beneficiary; and (d) for the purposes of applying Part XIII in respect of each dividend described in paragraph (a), the SIFT trust is deemed to be a corporation resident in Canada that paid the dividend. Trust for minor
Where any part of the amount that, but for subsec- tions 104(6) and 104(12), would be the income of a trust for a taxation year throughout which it was resident in Canada (a) has not become payable in the year, (b) was held in trust for an individual who did not attain 21 years of age before the end of the year, (c) the right to which vested at or before the end of the year otherwise than because of the exercise by any person of, or the failure of any person to exercise, any discretionary power, and (d) the right to which is not subject to any future condition (other than a condition that the individual survive to an age not exceeding 40 years), notwithstanding subsection 104(24), that part of the amount is, for the purposes of subsections 104(6) and 104(13), deemed to have become payable to the individual in the year. Designation in respect of taxable dividends
A portion of a taxable dividend received by a trust, in a particular taxation year of the trust, on a share of the capital stock of a taxable Canadian corporation is, for the purposes of this Act other than Part XIII, deemed to be a taxable dividend on the share received by a taxpayer, in the taxpayer’s taxation year in which the particular taxation year ends, and is, for the purposes of paragraphs 82(1)(b) and 107(1)(c) and (d) and section 112, deemed not to have been received by the trust, if (a) an amount equal to that portion (i) is designated by the trust, in respect of the taxpayer, in the trust’s return of income under this Part for the particular taxation year, and (ii) may reasonably be considered (having regard to all the circumstances including the terms and conditions of the trust) to be part of the amount that, because of paragraph (13)(a), subsection (14) or section 105, was included in computing the income for that taxation year of the taxpayer; (b) the taxpayer is in the particular taxation year a beneficiary under the trust; (c) the trust is, throughout the particular taxation year, resident in Canada; and (d) the total of all amounts each of which is an amount designated, under this subsection, by the trust in respect of a beneficiary under the trust in the trust’s return of income under this Part for the particular taxation year is not greater than the total of all amounts each of which is the amount of a taxable dividend, received by the trust in the particular taxation year, on a share of the capital stock of a taxable Canadian corporation. Designation in respect of non-taxable dividends
The portion of the total of all amounts, each of which is the amount of a dividend (other than a taxable dividend) paid on a share of the capital stock of a corporation resident in Canada to a trust during a taxation year of the trust throughout which the trust was resident in Canada, that can reasonably be considered (having regard to all the circumstances including the terms and conditions of the trust arrangement) to be part of an amount that became payable in the year to a particular beneficiary under the trust shall be designated by the trust in respect of the particular beneficiary in the return of the trust’s income for the year for the purposes of subsection 53(2)(h)(i.1)(B)(II), paragraphs 107(1)(c) and 107(1)(d) and subsections 112(3.1), 112(3.2), 112(3.31) and 112(4.2). Designation in respect of taxable capital gains
(appelé, selon le cas, « nouveau gain » ou « nouvelle perte » au présent paragraphe et au paragraphe (11)), relativement à toute partie (appelée « partie pertinente » au présent paragraphe et au paragraphe (11), étant entendu que la partie en cause peut être le tout) d’une dette en monnaie étrangère du contribuable, découlant de la fluctuation de la valeur de la monnaie dans laquelle cette dette est exprimée (étant entendu que toute perte en capital ou tout gain découlant de l’application du paragraphe 111(12) n’est pas pris en compte), si, avant le moment donné, le contribuable a réalisé une perte en capital ou un gain en capital relativement à cette même dette par l’effet du paragraphe 111(12). Gain ou perte sur dette en monnaie étrangère
For the purposes of sections 3 and 111, except as they apply for the purposes of section 110.6, and subject to paragraph 132(5.1)(b), an amount in respect of a trust’s net taxable capital gains for a particular taxation year of the trust is deemed to be a taxable capital gain, for the taxation year of a taxpayer in which the particular taxation year ends, from the disposition by the taxpayer of capital property if (i) is designated by the trust, in respect of the taxpayer, in the trust’s return of income under this Part for the particular taxation year, and (ii) may reasonably be considered (having regard to all the circumstances including the terms and conditions of the trust) to be part of the amount that, because of paragraph (13)(a), subsection (14) or section 105, was included in computing the income for that taxation year of the taxpayer; (b) the taxpayer is (i) in the particular taxation year, a beneficiary under the trust, and (ii) resident in Canada, unless the trust is, throughout the particular taxation year, a mutual fund trust; (c) the trust is, throughout the particular taxation year, resident in Canada; and SUBDIVISION K Trusts and their Beneficiaries (d) the total of all amounts each of which is an amount designated, under this subsection, by the trust in respect of a beneficiary under the trust in the trust’s return of income under this Part for the particular taxation year is not greater than the trust’s net taxable capital gains for the particular taxation year. (21.01) A trust that has filed its return of income for its taxation year that includes February 22, 1994 may subsequently designate an amount under subsection 104(21), or amend or revoke a designation made under that subsection where the designation, amendment or revocation (a) is made solely because of an increase or decrease in the net taxable capital gains of the trust for the year that results from an election or revocation to which subsection 110.6(25), 110.6(26) or 110.6(27) applies; and (b) is filed with the Minister, with an amended return of income for the year, when the election or revocation referred to in paragraph 104(21.01)(a) is filed with the Minister. (21.02) A designation, amendment or revocation under subsection 104(21.01) that affects an amount determined in respect of a beneficiary under subsection 104(21.2) may be made only where the trust (b) files the designation, amendment or revocation referred to in paragraph 104(21.02)(a) with the Minister when required by paragraph 104(21.01)(b). (a) the designation or amended designation, as the case may be, is deemed to have been made in the trust’s return of income for the trust’s taxation year that includes February 22, 1994; and (b) the designation that was revoked is deemed, other than for the purposes of this subsection and subsections 104(21.01) and 104(21.02), never to have been made. Beneficiaries’ taxable capital gain (21.2) Where, for the purposes of subsection (21), a personal trust or a trust referred to in subsection 7(2) designates an amount in respect of a beneficiary in respect of its net taxable capital gains for a taxation year (in this subsection referred to as the “designation year”), (a) the trust shall in its return of income under this Part for the designation year designate an amount in respect of its eligible taxable capital gains, if any, for the designation year in respect of the beneficiary equal to the amount determined in respect of the beneficiary under each of subparagraphs 104(21.2)(b)(i) and 104(21.2)(b)(ii); and (b) the beneficiary is, for the purposes of section 120.4 and for the purposes of sections 3, 74.3 and 111 as they apply for the purposes of section 110.6, (i) deemed to have disposed of the capital property referred to in clause (iii)(A), (B) or (C) if a taxable capital gain is determined in respect of the beneficiary for the beneficiary’s taxation year in which the designation year ends under those clauses, and (ii) deemed to have a taxable capital gain for the beneficiary’s taxation year in which the designation year ends (A) from a disposition of a capital property that is qualified farm or fishing property (as defined for the purpose of section 110.6) of the beneficiary equal to the amount determined by the formula (B) from a disposition of a capital property that is a qualified small business corporation share (as defined for the purpose of section 110.6) of the beneficiary equal to the amount determined by the formula A is the lesser of (I) the amount determined by the formula SUBDIVISION K Trusts and their Beneficiaries G is the total of amounts designated under subsection (21) for the designation year by the trust, and H is the total of amounts designated under subsection (13.2) for the designation year by the trust, and (III) the trust’s eligible taxable capital gains for the designation year, B is the amount, if any, by which the amount designated under subsection (21) for the designation year by the trust in respect of the beneficiary exceeds the amount designated under subsection (13.2) for the year by the trust in respect of the beneficiary for the taxation year, C is the amount, if any, that would be determined under paragraph 3(b) for the designation year in respect of the trust’s capital gains and capital losses if the only properties referred to in that paragraph were properties that, at the time they were disposed of, were qualified farm properties, qualified fishing properties or qualified farm or fishing properties of the trust, D is the total of all amounts each of which is the amount determined for B for the designation year in respect of a beneficiary under the trust, E is the total of the amounts determined for C and F for the designation year in respect of the beneficiary, and F is the amount, if any, that would be determined under paragraph 3(b) for the designation year in respect of the trust’s capital gains and capital losses if the only properties referred to in that paragraph were properties that, at the time they were disposed of, were qualified small business corporation shares of the trust, other than qualified farm property, qualified fishing property or qualified farm or fishing property, and for the purposes of section 110.6, those capital properties shall be deemed to have been disposed of by the beneficiary in that taxation year of the beneficiary. Beneficiaries QFFP taxable capital gain (21.21) If clause (21.2)(b)(ii)(A) applies to deem, for the purposes of section 110.6, the beneficiary under a trust to have a taxable capital gain (referred to in this subsection as the “QFFP taxable capital gain”) from a disposition of capital property that is qualified farm or fishing property of the beneficiary, for the beneficiary’s taxation year that ends on or after April 21, 2015, and in which the designation year of the trust ends, for the purposes of subsection 110.6(2.2), the beneficiary is, if the trust complies with the requirements of subsection (21.22), deemed to have a taxable capital gain from the disposition of qualified farm or fishing property of the beneficiary on or after April 21, 2015 equal to the amount determined by the formula A is the amount of the QFFP taxable capital gain; B is, if the designation year of the trust ends on or after April 21, 2015, the amount that would be determined in respect of the trust for the designation year under paragraph 3(b) in respect of capital gains and capital losses if the only properties referred to in that paragraph were qualified farm or fishing properties of the trust that were disposed of by the trust on or after April 21, 2015; and C is, if the designation year of the trust ends on or after April 21, 2015, the amount that would be determined in respect of the trust for the designation year under paragraph 3(b) in respect of capital gains and capital losses if the only properties referred to in that paragraph were qualified farm or fishing properties. Trusts to designate amounts (21.22) A trust shall determine and designate, in its return of income under this Part for a designation year of the trust, the amount that is determined under subsection (21.21) to be the beneficiary’s taxable capital gain from the disposition on or after April 21, 2015 of qualified farm or fishing property of the beneficiary. Net taxable capital gains of trust determined (21.3) For the purposes of this section, the net taxable capital gains of a trust for a taxation year is the amount, if any, determined by the formula A is the total of all amounts each of which is a taxable capital gain of the trust for the year from the disposition of a capital property that was held by the trust immediately before the disposition, B is the total of all amounts each of which is deemed by subsection (21) to be a taxable capital gain of the trust for the year, C is the total of all amounts each of which is an allowable capital loss (other than an allowable business investment loss) of the trust for the year from the disposition of a capital property, and D is the amount, if any, deducted under paragraph 111(1)(b) in computing the trust’s taxable income for the year. Designation in respect of foreign source income
En cas d’application du présent paragraphe, le nouveau gain ou la nouvelle perte correspond à la somme positive ou négative, selon le cas, obtenue par la formule suivante : A + B − C où : A représente : a) dans le cas où un nouveau gain serait constaté par le contribuable en l’absence de toute application du paragraphe 111(12), le montant de ce gain, déterminé compte non tenu du présent paragraphe; b) dans le cas où une nouvelle perte serait constatée par le contribuable en l’absence de toute application du paragraphe 111(12), le résultat de la multiplication du montant de cette perte, déterminé compte non tenu du présent paragraphe, par (−1); B le total des sommes représentant chacune la partie du montant d’une perte en capital réalisée par le contribuable avant le moment donné, relativement à la dette en monnaie étrangère et par l’effet du paragraphe 111(12), qu’il est raisonnable d’attribuer, selon le cas : a) à la partie pertinente de cette dette au moment donné; b) au montant remis, au sens du paragraphe 80(1), cette dette au moment donné; C le total des sommes représentant chacune la partie du montant d’un gain réalisé par le contribuable avant le moment donné, relativement à la dette en monnaie étrangère et par l’effet du paragraphe 111(12), qu’il est raisonnable d’attribuer, selon le cas : a) à la partie pertinente de cette dette au moment donné; b) au montant remis, au sens du paragraphe 80(1), cette dette au moment donné. (d) no amount is included in the taxpayer’s income for a taxation year because of paragraph 13(38)(d). --- Dons d’actions accréditives
For the purposes of this subsection, subsection (22.1) and section 126, an amount in respect of a trust’s income for a particular taxation year of the trust from a source in a country other than Canada is deemed to be income of a taxpayer, for the taxation year of the taxpayer in which the particular taxation year ends, from that source if (i) is designated by the trust, in respect of the taxpayer, in the trust’s return of income under this Part for the particular taxation year, and (ii) may reasonably be considered (having regard to all the circumstances including the terms and conditions of the trust) to be part of the amount that, because of paragraph (13)(a) or subsection (14), was included in computing the income for that taxation year of the taxpayer; (b) the taxpayer is in the particular taxation year a beneficiary under the trust; (c) the trust is, throughout the particular taxation year, resident in Canada; and (d) the total of all amounts each of which is an amount designated, under this subsection in respect of that source, by the trust in respect of a beneficiary under the trust in the trust’s return of income under this Part for the particular taxation year is not greater than the trust’s income for the particular taxation year from that source. Foreign tax deemed paid by beneficiary (22.1) Where a taxpayer is a beneficiary under a trust, for the purposes of this subsection and section 126, the taxpayer shall be deemed to have paid as business-income tax or non-business-income tax, as the case may be, for a particular taxation year in respect of a source the amount determined by the formula A is the amount that, but for subsection 104(22.3), would be the business-income tax or non-business-income tax, as the case may be, paid by the trust in respect of the source for a taxation year (in this subsection referred to as “that year”) of the trust that ends in the particular year; B is the amount deemed, because of a designation under subsection 104(22) for that year by the trust, to be the taxpayer’s income from the source; and C is the trust’s income for that year from the source. (22.2) For the purpose of section 126, there shall be deducted in computing a trust’s income from a source for a taxation year the total of all amounts deemed, because of designations under subsection 104(22) by the trust for the year, to be income of beneficiaries under the trust from that source. (22.3) For the purpose of section 126, there shall be deducted in computing the business-income tax or non-business-income tax paid by a trust for a taxation year in respect of a source the total of all amounts deemed, because of designations under subsection 104(22) by the trust for the year, to be paid by beneficiaries under the trust as business-income tax or non-business-income tax, as the case may be, in respect of the source. (22.4) For the purposes of subsections 104(22) to 104(22.3), the expressions business-income tax and non-business-income tax have the meanings assigned by subsection 126(7). Deceased beneficiary of graduated rate estate
Si un contribuable dispose, à un moment donné, d’un ou de plusieurs immobilisations comprises dans une catégorie de biens constituée d’actions accréditives et que le sous-alinéa 38a.1)(i) ou (iii) s’applique à la disposition (appelée « disposition réelle » au présent paragraphe), le contribuable est réputé avoir un gain en capital provenant de la disposition d’une autre immobilisation effectuée à ce moment, égal à la moins élevée des sommes suivantes : a) le seuil d’exonération du contribuable à ce moment relativement à la catégorie de biens constituée d’actions accréditives; b) le total des sommes représentant chacune un gain en capital provenant de la disposition réelle, étant entendu que ce total est calculé comme si le présent paragraphe n’existait pas. Catégorie 14.1 — dispositions transitoires
In the case of a trust that is a graduated rate estate, (c) the income of a person for a taxation year from the trust shall be deemed to be the person’s benefits from or under the trust for the taxation year or years of the trust that ended in the year determined as provided by this section and section 105; and (d) where an individual having income from the trust died after the end of a taxation year of the trust but before the end of the calendar year in which the taxation year ended, the individual’s income from the trust for the period commencing immediately after the end of the taxation year and ending at the time of death shall be included in computing the individual’s income for the individual’s taxation year in which the individual died unless the individual’s legal representative has elected otherwise, in which case the legal representative shall file a separate return of income for the period under this Part and pay the tax for the period under this Part as if (i) the individual were another person, (ii) the period were a taxation year, (iii) that other person’s only income for the period were the individual’s income from the trust for that period, and (iv) subject to sections 114.2 and 118.93, that other person were entitled to the deductions to which the individual was entitled under sections 110, 118 to 118.7 and 118.9 for the period in computing the individual’s taxable income or tax payable under this Part, as the case may be, for the period. Amount payable
Le paragraphe (14) s’applique relativement à la disposition par un contribuable d’un bien qui est compris dans la catégorie 14.1 de l’annexe II du Règlement de l’impôt sur le revenu relativement à une entreprise du contribuable si les faits ci-après s’avèrent : a) le bien était une immobilisation admissible du contribuable immédiatement avant le 1er janvier 2017; b) la valeur de l’élément Q de la formule figurant à la définition de montant cumulatif des immobilisations admissibles au paragraphe 14(5) relativement à l’entreprise immédiatement avant cette date est supérieure à zéro; c) la valeur de l’élément B de la formule figurant à cette même définition relativement à l’entreprise immédiatement avant cette date est zéro; d) aucun somme n’est incluse dans le revenu du contribuable pour une année d’imposition par l’effet de l’alinéa 13(38)d). Catégorie 14.1 — dispositions transitoires
For the purposes of subsections (6), (7), (7.01), (13), (16) and (20), subparagraph 53(2)(h)(i.1) and subsections 94(5.2) and (8), an amount is deemed not to have become payable to a beneficiary in a taxation year unless it was paid in the year to the beneficiary or the beneficiary was entitled in the year to enforce payment of it. Somme devenue payable
Si le présent paragraphe s’applique relativement à la disposition d’un bien par un contribuable à un moment donné, le contribuable applique, en réduction de son gain en capital résultant de la disposition, une somme ne dépassant pas l’excédent du montant visé à l’alinéa a) sur le montant visé à l’alinéa b). Income Tax PART I Income Tax DIVISION B Computation of Income
If a trust, in a taxation year in which it is resident in Canada and is the graduated rate estate of an individual, receives a superannuation or pension benefit or a benefit out of or under a foreign retirement arrangement and designates, in its return of income for the year under this Part, an amount in respect of a beneficiary under the trust equal to the portion (in this subsection referred to as the “beneficiary’s share”) of the benefit that (a) may reasonably be considered (having regard to all the circumstances including the terms and conditions of the trust arrangement) to be part of the amount that, by reason of subsection 104(13), was included in computing the income for a particular taxation year of the beneficiary, and (b) was not designated by the trust in respect of any other beneficiary under the trust, the following rules apply: (i) the benefit is an amount described in subparagraph (a)(ii) of the definition pension income in subsection 118(7), and (ii) the beneficiary was a spouse or common-law partner of the individual, the beneficiary’s share of the benefit shall be deemed, for the purposes of subsections 118(3) and 118(7), to be a payment described in subparagraph (a)(i) of the definition pension income in subsection 118(7) that is included in computing the beneficiary’s income for the particular year, (i) is a single amount (as defined in subsection 147.1(1)), other than an amount that relates to an actuarial surplus, paid by a registered pension plan to the trust as a consequence of the individual’s death and the individual was, at the time of death, a spouse or common-law partner of the beneficiary, or (ii) would be an amount included in the total determined under paragraph 60(j) in respect of the beneficiary for the taxation year of the beneficiary in which the benefit was received by the trust if the benefit had been received by the beneficiary at the time it was received by the trust, the beneficiary’s share of the benefit is, for the purposes of paragraph 60(j), an eligible amount in respect of the beneficiary for the particular year, and (e) where the benefit is a single amount (as defined in subsection 147.1(1)) paid by a registered pension plan to the trust as a consequence of the individual’s death, (i) if the beneficiary was, immediately before the death, a child or grandchild of the individual who, because of mental or physical infirmity, was financially dependent on the individual for support, the beneficiary’s share of the benefit (other than any portion of it that relates to an actuarial surplus) is deemed, for the purposes of paragraph 60(j), to be an amount from a registered pension plan included in computing the beneficiary’s income for the particular year as a payment described in clause 60(l)(v)(B.01), and (ii) if the beneficiary was, at the time of the death, under 18 years of age and a child or grandchild of the individual, the beneficiary’s share of the benefit (other than any portion of it that relates to an actuarial surplus) is deemed, for the purposes of paragraph 60(j), to be an amount from a registered pension plan included in computing the beneficiary’s income for the particular year as a payment described in subclause 60(l)(v)(B.1)(II). (a) a trust, in a taxation year (in this subsection referred to as the “trust year”) in which it is resident in Canada and is the graduated rate estate of an individual, receives an amount from a deferred profit sharing plan as a consequence of the individual’s death, (b) the individual was an employee of an employer who participated in the plan on behalf of the individual, and (c) the amount is not part of a series of periodic payments, such portion of the amount as (d) is included under subsection 147(10) in computing the income of the trust for the trust year, (e) can reasonably be considered (having regard to all the circumstances including the terms and conditions of the trust arrangement) to be part of the amount that was included under subsection (13) in computing the income for a particular taxation year of a beneficiary under the trust who was, at the time of the death, the individual’s spouse or common-law partner, and (f) is designated by the trust in respect of the beneficiary in the trust’s return of income under this Part for the trust year is, for the purposes of paragraph 60(j), an eligible amount in respect of the beneficiary for the particular year.
exceeds (b) the total of [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations. R.S., 1985, c. 1 (5th Supp.), s. 40; 1988, c. 55, s. 104; 1994, c. 7, Sch. II, s. 2; 1995, c. 21, s. 15; 1996, c. 21, s. 11; 1997, c. 25, s. 11; 1998, c. 19, s. 180; 2002, c. 8, s. 182; 2005, c. 30, s. 2; 2006, c. 4, s. 81; 2007, c. 2, s. 4; 2009, c. 2, s. 69; 2010, c. 25, s. 10; 2011, c. 24, s. 8; 2013, c. 34, s. 396; 2014, c. 39, s. 102; 2016, c. 12, s. 19; 2016, c. 12, s. 15; 2017, c. 33, s. 70; 2022, c. 19, s. 4; 2024, c. 15, s. 10.] Impôt sur le revenu
If the graduated rate estate of an individual receives an amount on or after the individual’s death in recognition of the individual’s service in an office or employment, the portion of the amount that can reasonably be considered (having regard to all the circumstances including the terms and conditions of the trust arrangement) to be paid or payable at any time to a beneficiary under the estate is deemed (a) to be an amount received by the beneficiary at that time on or after the death in recognition of the individual’s service in an office or employment; and (b) except for purposes of this subsection, not to have been received by the estate. Tax under Part XII.2
For the purposes of this Part, there shall be deducted in computing the income of a trust for a taxation year the tax paid by the trust for the year under Part XII.2.
The amount in respect of a taxation year of a trust that is deemed under subsection 210.2(3) to have been paid by a beneficiary under the trust on account of the beneficiary’s tax under this Part shall, for the purposes of subsection 104(13), be deemed to be an amount in respect of the income of the trust for the year that has become payable by the trust to the beneficiary at the end of the year. Benefits under trust
created, shall, subject to subsection 105(2), be included in computing the taxpayer’s income for the year except to the extent that the value (a) is otherwise required to be included in computing the taxpayer’s income for a taxation year; or (b) has been deducted under paragraph 53(2)(h) in computing the adjusted cost base of the taxpayer’s interest in the trust or would be so deducted if that paragraph (i) applied in respect of the taxpayer’s interest in the trust, and (ii) were read without reference to clause 53(2)(h)(i.1)(B). Upkeep, etc.
a) les deux tiers de la valeur de l’élément Q de la formule figurant à la définition de montant cumulatif des immobilisations admissibles au paragraphe 14(5) relativement à l’entreprise immédiatement avant 2017; b) le total des sommes dont chacune est une réduction demandée aux termes du présent paragraphe relativement à une autre disposition effectuée au plus tard à ce moment. Catégorie 14.1 — dispositions transitoires
Such part of an amount paid by a trust out of income of the trust for the upkeep, maintenance or taxes of or in respect of property that, under the terms of the trust arrangement, is required to be maintained for the use of a tenant for life or a beneficiary as is reasonable in the circumstances shall be included in computing the income of the tenant for life or other beneficiary from the trust for the taxation year for which it was paid. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] Income interest in trust
Le paragraphe (16) s’applique relativement à la disposition par un particulier d’un bien compris dans la catégorie 14.1 de l’annexe II du Règlement de l’impôt sur le revenu relativement à l’entreprise du particulier si les faits ci-après s’avèrent : a) le bien était une immobilisation admissible du particulier immédiatement avant le 1er janvier 2017; b) le solde des gains exonérés du particulier relativement à l’entreprise pour l’année d’imposition qui comprend le 1er janvier 2017 est supérieur à zéro. Catégorie 14.1 — dispositions transitoires
(a) the amount so included in computing the taxpayer’s income for the year, and (b) the amount, if any, by which the cost to the taxpayer of the income interest exceeds the total of all amounts in respect of the interest that were deductible under this subsection in computing the taxpayer’s income for previous taxation years. Cost of income interest in a trust (1.1) The cost to a taxpayer of an income interest of the taxpayer in a trust is deemed to be nil unless (a) any part of the interest was acquired by the taxpayer from a person who was the beneficiary in respect of the interest immediately before that acquisition; or (b) the cost of any part of the interest would otherwise be determined not to be nil under paragraph 128.1(1)(c) or (4)(c). Disposition by taxpayer of income interest
Si le présent paragraphe s’applique relativement à la disposition d’un bien par un particulier à un moment donné, le particulier applique, en réduction de son gain en capital résultant de la disposition, une somme ne dépassant pas l’excédent du montant visé à l’alinéa a) sur le total des montants suivants : a) le double du solde des gains exonérés du particulier relativement à l’entreprise pour l’année d’imposition qui comprend le 1er janvier 2017; b) le total des sommes suivantes : (i) si l’alinéa 13(38)d) s’applique relativement à l’entreprise pour l’année d’imposition du particulier qui comprend cette date, la valeur de l’élément D de la formule figurant à l’alinéa 14(1)b) aux fins de l’alinéa 13(38)d), (ii) le total des sommes demandées dont chacune est une réduction aux termes du présent paragraphe relativement à une autre disposition au plus tard à cette date. [NOTE : Les dispositions d’application ne sont pas incluses dans le texte codifié; voir les lois et règlements modificatifs pertinents. L.R. (1985), ch. 1 (5e suppl.), art. 40; 1988, ch. 55, art. 104; 1994, ch. 7, ann. II, art. 2; 1995, ch. 21, art. 15; 1996, ch. 21, art. 11; 1997, ch. 25, art. 11; 1998, ch. 19, art. 180; 2002, ch. 8, art. 182; 2005, ch. 30, art. 2; 2006, ch. 4, art. 81; 2007, ch. 2, art. 4; 2009, ch. 2, art. 69; 2010, ch. 25, art. 10; 2011, ch. 24, art. 8; 2013, ch. 34, art. 396; 2014, ch. 39, art. 102; 2016, ch. 12, art. 19; 2016, ch. 12, art. 15; 2017, ch. 33, art. 70; 2022, ch. 19, art. 4; 2024, ch. 15, art. 10.] Determination of net gain Definition of listed-personal-property loss [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 41; 2001, c. 17, s. 26. Dispositions subject to warranty Income Tax PART I Income Tax DIVISION B Computation of Income
Where in a taxation year a taxpayer disposes of an income interest in a trust, (a) except where subsection (3) applies to the disposition, there shall be included in computing the taxpayer’s income for the year the amount, if any, by which (ii) where that interest includes a right to enforce payment of an amount by the trust, the amount in respect of that right that has been included in computing the taxpayer’s income for a taxation year because of subsection 104(13); (b) any taxable capital gain or allowable capital loss of the taxpayer from the disposition shall be deemed to be nil; and (c) for greater certainty, the cost to the taxpayer of each property received by the taxpayer as consideration for the disposition is the fair market value of the property at the time of the disposition. Proceeds of disposition of income interest
Meaning of specified date
For greater certainty, where at any time any property of a trust has been distributed by the trust to a taxpayer who was a beneficiary under the trust in satisfaction of all or any part of the taxpayer’s income interest in the trust, the trust shall be deemed to have disposed of the property for proceeds of disposition equal to the fair market value of the property at that time. Disposition by taxpayer of capital interest
In subsection (1), specified date means, [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 42; 2013, c. 34, s. 184. Ecological gifts A × B/C where Impôt sur le revenu
(a) where the trust is a personal trust or a prescribed trust, for the purpose of computing the taxpayer’s capital gain, if any, from the disposition, the adjusted cost base to the taxpayer of the interest or the part of the interest, as the case may be, immediately before the disposition is, unless any part of the interest has ever been acquired for consideration and, at the time of the disposition, the trust is non-resident, deemed to be the greater of (i) its adjusted cost base, otherwise determined, to the taxpayer immediately before the disposition, and (ii) the amount, if any, by which (A) its cost amount to the taxpayer immediately before the disposition (B) the total of all amounts deducted under paragraph 53(2)(g.1) in computing its adjusted cost base to the taxpayer immediately before the disposition; (c) where the trust is not a mutual fund trust, the taxpayer’s loss from the disposition is deemed to be the amount, if any, by which the amount of that loss otherwise determined exceeds the amount, if any, by (i) the total of all amounts each of which was received or would, but for subsection 104(19), have been received by the trust on a share of the capital stock of a corporation before the disposition (and, where the trust is a unit trust, after 1987) and (A) where the taxpayer is a corporation, (I) was a taxable dividend designated under subsection 104(19) by the trust in respect of the taxpayer, to the extent of the amount of the dividend that was deductible under section 112 or subsection 115(1) or 138(6) in computing the taxpayer’s taxable income or taxable income earned in Canada for any taxation year, or SUBDIVISION K Trusts and their Beneficiaries (II) was an amount designated under subsection 104(20) by the trust in respect of the taxpayer, (B) where the taxpayer is another trust, was an amount designated under subsection 104(19) or 104(20) by the trust in respect of the taxpayer, and (C) where the taxpayer is not a corporation, trust or partnership, was an amount designated under subsection 104(20) by the trust in respect of the taxpayer (ii) the portion of the total determined under subparagraph 107(1)(c)(i) that can reasonably be considered to have resulted in a reduction, under this paragraph, of the taxpayer’s loss otherwise determined from a previous disposition of an interest in the trust; (d) where the taxpayer is a partnership, the share of a person (other than another partnership or a mutual fund trust) of any loss of the partnership from the disposition is deemed to be the amount, if any, by which that loss otherwise determined exceeds the amount, if any, by which (i) the total of all amounts each of which is a dividend that was received or would, but for subsection 104(19), have been received by the trust on a share of the capital stock of a corporation before the disposition (and, where the trust is a unit trust, after 1987) and (A) where the person is a corporation, (I) was a taxable dividend that was designated under subsection 104(19) by the trust in respect of the taxpayer, to the extent of the amount of the dividend that was deductible under section 112 or subsection 115(1) or 138(6) in computing the person’s taxable income or taxable income earned in Canada for any taxation year, or (II) was a dividend designated under subsection 104(20) by the trust in respect of the taxpayer and was an amount received by the person, (B) where the person is an individual other than a trust, was a dividend designated under subsection 104(20) by the trust in respect of the taxpayer and was an amount received by the person, and (C) where the person is another trust, was a dividend designated under subsection 104(19) or 104(20) by the trust in respect of the taxpayer and was an amount received by the person (or that would have been received by the person if this Act were read without reference to subsection 104(19)), (ii) the portion of the total determined under subparagraph 107(1)(d)(i) that can reasonably be considered to have resulted in a reduction, under this paragraph, of the person’s loss otherwise determined from a previous disposition of an interest in the trust; and (e) if the capital interest is not a capital property of the taxpayer, notwithstanding the definition cost amount in subsection 108(1), its cost amount is deemed to be the amount, if any, by which (i) the amount that would, if this Act were read without reference to this paragraph and the definition cost amount in subsection 108(1), be its cost amount (ii) the total of all amounts, each of which is an amount in respect of the capital interest that has become payable to the taxpayer before the disposition and that would be described in subparagraph 53(2)(h)(i.1) if that subparagraph were read without reference to its subclause (B)(I). Cost of capital interest in a trust (1.1) The cost to a taxpayer of a capital interest of the taxpayer in a personal trust or a prescribed trust is deemed to be, (a) where the taxpayer elected under subsection 110.6(19) in respect of the interest and the trust does not elect under that subsection in respect of any property of the trust, the taxpayer’s cost of the interest determined under paragraph 110.6(19)(a); and (b) in any other case, nil, unless SUBDIVISION K Trusts and their Beneficiaries (i) any part of the interest was acquired by the taxpayer from a person who was the beneficiary in respect of the interest immediately before that acquisition, or (ii) the cost of any part of the interest would otherwise be determined not to be nil under section 48 as it read in its application before 1993 or under paragraph 111(4)(e) or 128.1(1)(c) or (4)(c). Deemed fair market value — non-capital property (1.2) For the purpose of section 10, the fair market value at any time of a capital interest in a trust is deemed to be equal to the amount that is the total of (a) the amount that would, if this Act were read without reference to this subsection, be its fair market value at that time, and (b) the total of all amounts, each of which is an amount that would be described, in respect of the capital interest, in subparagraph 53(2)(h)(i.1) if that subparagraph were read without reference to its subclause (B)(I), that has become payable to the taxpayer before that time. Distribution by personal trust
Subject to subsections (2.001), (2.002) and (4) to (5), if at any time a property of a personal trust or a prescribed trust is distributed (other than as a SIFT trust wind-up event) by the trust to a taxpayer who was a beneficiary under the trust and there is a resulting disposition of all or any part of the taxpayer’s capital interest in the trust, (a) the trust shall be deemed to have disposed of the property for proceeds of disposition equal to its cost amount to the trust immediately before that time, and (b) subject to subsection (2.2), the taxpayer is deemed to have acquired the property at a cost equal to the total of its cost amount to the trust immediately before that time and the specified percentage of the amount, if any, by which (i) the adjusted cost base to the taxpayer of the capital interest or part of it, as the case may be, immediately before that time (determined without reference to paragraph (1)(a)) (ii) the cost amount to the taxpayer of the capital interest or part of it, as the case may be, immediately before that time; SUBDIVISION K Trusts and their Beneficiaries (b.1) for the purpose of paragraph (b), the specified percentage is, (i) where the property is capital property (other than depreciable property), 100%, and (c) the taxpayer’s proceeds of disposition of the capital interest in the trust (or of the part of it) disposed of by the taxpayer on the distribution are deemed to be equal to the amount, if any, by which (i) the cost at which the taxpayer would be deemed by paragraph (b) to have acquired the property if the specified percentage referred to in that paragraph were 100% (ii) the total of all amounts each of which is an eligible offset at that time of the taxpayer in respect of the capital interest or the part of it; (d) where the property so distributed was depreciable property of a prescribed class of the trust and the amount that was the capital cost to the trust of that property exceeds the cost at which the taxpayer is deemed by this section to have acquired the property, for the purposes of sections 13 and 20 and any regulations made under paragraph 20(1)(a) (i) the capital cost to the taxpayer of the property shall be deemed to be the amount that was the capital cost of the property to the trust, and (ii) the excess shall be deemed to have been allowed to the taxpayer in respect of the property under regulations made under paragraph 20(1)(a) in computing income for taxation years before the acquisition by the taxpayer of the property. No rollover on election by a trust (2.001) Where a trust makes a distribution of a property to a beneficiary of the trust in full or partial satisfaction of the beneficiary’s capital interest in the trust and so elects in prescribed form filed with the Minister with the trust’s return of income for its taxation year in which the distribution occurred, subsection (2) does not apply to the distribution if (a) the trust is resident in Canada at the time of the distribution; (b) the property is taxable Canadian property; or (c) the property is capital property used in, or property described in the inventory of, a business carried on by the trust through a permanent establishment (as defined by regulation) in Canada immediately before the time of the distribution. No rollover on election by a beneficiary (2.002) Where a non-resident trust makes a distribution of a property (other than a property described in paragraph (2.001)(b) or (c)) to a beneficiary of the trust in full or partial satisfaction of the beneficiary’s capital interest in the trust and the beneficiary makes an election under this subsection in prescribed form filed with the Minister with the beneficiary’s return of income for the beneficiary’s taxation year in which the distribution occurred, (a) subsection (2) does not apply to the distribution; and (b) for the purpose of subparagraph (1)(a)(ii), the cost amount of the interest to the beneficiary is deemed to be nil. Distribution of principal residence (2.01) Where property that would, if a personal trust had designated the property under paragraph (c.1) of the definition principal residence in section 54, be a principal residence (within the meaning of that definition) of the trust for a taxation year, is at any time (in this subsection referred to as “that time”) distributed by the trust to a taxpayer in circumstances in which subsection (2) applies and the trust so elects in its return of income for the taxation year that includes that time, (a) the trust shall be deemed to have disposed of the property immediately before the particular time that is immediately before that time for proceeds of disposition equal to the fair market value of the property at that time; SUBDIVISION k Trusts and their Beneficiaries (b) the trust shall be deemed to have reacquired the property at the particular time at a cost equal to that fair market value. (2.1) Where at any time a property of a trust is distributed by the trust to a beneficiary under the trust, there would, if this Act were read without reference to paragraphs (h) and (i) of the definition disposition in subsection 248(1), be a resulting disposition of all or any part of the beneficiary’s capital interest in the trust (which interest or part, as the case may be, is in this subsection referred to as the “former interest”) and the rules in subsections (2) and (3.1) and sections 88.1 and 132.2 do not apply in respect of the distribution, (a) the trust is deemed to have disposed of the property for proceeds equal to its fair market value at that time; (b) the beneficiary is deemed to have acquired the property at a cost equal to the proceeds determined under paragraph (a); (c) unless the trust is a mutual fund trust, the beneficiary’s proceeds of disposition of the portion of the former interest disposed of by the beneficiary on the distribution are deemed to be equal to the amount, if any, by which (i) the proceeds determined under paragraph (a) (other than the portion, if any, of the proceeds that is a payment to which paragraph (h) or (i) of the definition disposition in subsection 248(1) applies) exceed the total of (ii) where the property is not a Canadian resource property or foreign resource property, the amount, if any, by which (A) the fair market value of the property at that time exceeds the total of (B) the cost amount to the trust of the property immediately before that time, and (C) the portion, if any, of the excess that would be determined under this subparagraph if this subparagraph were read without reference to this clause that represents a payment to which paragraph (h) or (i) of the definition disposition in subsection 248(1) applies, and (iii) the total of the amounts each of which is an amount of reduction determined to be in respect of the taxpayer’s former interest; (iii) all amounts each of which is an eligible offset at that time of the taxpayer in respect of the former interest; (d) notwithstanding paragraphs (a) to (c), where the trust is non-resident at that time, the property is not described in paragraph (2.001)(b) or (c) and, if this Act were read without reference to this paragraph, there would be no income, loss, taxable capital gain or allowable capital loss of a taxpayer in respect of the property because of the application of subsection 75(2) to the disposition at that time of the property, (i) the trust is deemed to have disposed of the property for proceeds equal to the cost amount of the property, (ii) the beneficiary is deemed to have acquired the property at a cost equal to the fair market value of the property, and (iii) the beneficiary’s proceeds of disposition of the portion of the former interest disposed of by the beneficiary on the distribution are deemed to be equal to the amount, if any, by which (A) the fair market value of the property exceeds the total of (B) the portion, if any, of the amount of the distribution that is a payment to which paragraph (h) or (i) of the definition disposition in subsection 248(1) applies, and (C) all amounts each of which is an eligible offset at that time of the taxpayer in respect of the former interest; and (e) where the trust is a mutual fund trust, the distribution occurs in a taxation year of the trust before its 2003 taxation year, the trust has elected under subsection (2.11) in respect of the year and the trust so elects in respect of the distribution in prescribed form filed with the trust’s return of income for the year, (i) this subsection shall be read without reference to paragraph (c), and (ii) the beneficiary’s proceeds of disposition of the portion of the former interest disposed of by the beneficiary on the distribution are deemed to be equal to the amount determined under paragraph (a). Gains not distributed to beneficiaries (2.11) If a trust that is resident in Canada for a taxation year makes in the taxation year one or more distributions to which subsection (2.1) applies and the trust elects in prescribed form filed with the trust’s return for the year or a preceding taxation year to have one of the following paragraphs apply, the income of the trust for the year (determined without reference to subsection 104(6)) shall, for the purposes of subsections 104(6) and (13), be computed without regard to (a) if the election is to have this paragraph apply, to all of those distributions (other than distributions of cash denominated in Canadian dollars) to non-resident persons (including a partnership other than a Canadian partnership); and (b) if the election is to have this paragraph apply, to all of those distributions (other than distributions of cash denominated in Canadian dollars). (2.12) An election made under subsection (2.11) by a mutual fund trust is deemed, for the trust’s 2003 and subsequent taxation years, not to have been made if (a) the election is made after December 20, 2000 and applies to any taxation year that ends before 2003; and (b) the proceeds of disposition of a beneficiary’s interest in the trust have been determined under paragraph (2.1)(e). (2.2) Where at any time before 2005 a beneficiary under a trust described in paragraph (h), (i) or (j) of the definition flow-through entity in subsection 39.1(1) received a distribution of property from the trust in satisfaction of all or a portion of the beneficiary’s interests in the trust and the beneficiary files with the Minister on or before the beneficiary’s filing-due date for the taxation year that includes that time an election in respect of the property in prescribed form, there shall be included in the cost to the beneficiary of a particular property (other than money) received by the beneficiary as part of the distribution of property the least of (a) the amount, if any, by which the beneficiary’s exempt capital gains balance (as defined in subsection 39.1(1)) in respect of the trust for the beneficiary’s taxation year that includes that time exceeds the total of all amounts each of which is SUBDIVISION K Trusts and their Beneficiaries (i) an amount by which a capital gain is reduced under section 39.1 in the year because of the beneficiary’s exempt capital gains balance in respect of the trust, (ii) twice an amount by which a taxable capital gain is reduced under section 39.1 in the year because of the beneficiary’s exempt capital gains balance in respect of the trust, or (iii) an amount included in the cost to the beneficiary of another property received by the beneficiary at or before that time in the year because of this subsection, (b) the amount by which the fair market value of the particular property at that time exceeds the adjusted cost base to the trust of the particular property immediately before that time, and (c) the amount designated in respect of the particular property in the election. (a) the distribution is a SIFT trust wind-up event to which section 88.1 does not apply; (b) the property is a share and the only shares distributed on any SIFT trust wind-up event of the trust are of a single class of the capital stock of a taxable Canadian corporation; and (c) where the trust is a SIFT wind-up entity, the distribution occurs no more than 60 days after the earlier of (i) the first SIFT trust wind-up event of the trust, and (ii) the first distribution to the trust that is a SIFT trust wind-up event of another trust. SIFT trust wind-up event (3.1) If this subsection applies to a trust’s distribution of property, the following rules apply: (a) the trust is deemed to have disposed of the property for proceeds of disposition equal to the adjusted cost base to the trust of the property immediately before the distribution; (b) the taxpayer is deemed to have disposed of the taxpayer’s interest as a beneficiary under the trust for proceeds of disposition equal to the cost amount to the taxpayer of the interest immediately before the distribution; (c) the taxpayer is deemed to have acquired the property at a cost equal to (i) if, at all times at which the trust makes a distribution that is a SIFT trust wind-up event, the taxpayer is the only beneficiary under the trust and is a SIFT wind-up entity or a taxable Canadian corporation, the adjusted cost base to the trust of the property immediately before the distribution, and (ii) in any other case, the cost amount to the taxpayer of the taxpayer’s interest as a beneficiary under the trust immediately before the distribution; (d) if the taxpayer’s interest as a beneficiary under the trust was immediately before the disposition taxable Canadian property of the taxpayer, the property is deemed to be, at any time that is within 60 months after the distribution, taxable Canadian property of the taxpayer; and (e) if a liability of the trust becomes as a consequence of the distribution a liability of the corporation described in paragraph (3)(b) in respect of the distribution, and the amount payable by the corporation on the maturity of the liability is the same as the amount that would have been payable by the trust on its maturity, (i) the transfer of the liability by the trust to the corporation is deemed not to have occurred, and (ii) the liability is deemed (A) to have been incurred or issued by the corporation at the time at which, and under the agreement under which, it was incurred or issued by the trust, and (B) not to have been incurred or issued by the trust. Trusts in favour of spouse, common-law partner or self
Subsection (2.1) applies (and subsection (2) does not apply) at any time to property distributed to a beneficiary by a trust described in paragraph 104(4)(a) where (a) the beneficiary is not (i) in the case of a post-1971 spousal or common-law partner trust, the spouse or common-law partner referred to in paragraph 104(4)(a), (ii) in the case of an alter ego trust, the taxpayer referred to in paragraph 104(4)(a), and (iii) in the case of a joint spousal or common-law partner trust, the taxpayer, spouse or common-law partner referred to in paragraph 104(4)(a); and (b) the distribution of the property occurs on or before the earlier of (i) a reacquisition, in respect of any property of the trust, that occurs immediately after the day described by paragraph 104(4)(a), and (4.1) Subsection (2.1) applies (and subsection (2) does not apply) in respect of a distribution of any property of a particular personal trust or prescribed trust (other than an excluded property of the particular trust) by the particular trust to a taxpayer who was a beneficiary under the particular trust where (a) the distribution was in satisfaction of all or any part of the taxpayer’s capital interest in the particular trust; (b) subsection 75(2) was applicable (determined without its reference to “while the person is resident in Canada” and as if subsection 75(3) as it read before March 21, 2013 were read without reference to its paragraph (c.2)), or subsection 94(8.2) was applicable (determined without reference to paragraph 94(8.1)(a)), at a particular time in respect of any property of (ii) a trust the property of which included a property that, through one or more dispositions to which subsection 107(4.3) applied, became a property of the particular trust, and the property was not, at any time after the particular time and before the distribution, the subject of a disposition for proceeds of disposition equal to the fair market value of the property at the time of the disposition; SUBDIVISION K Trusts and their Beneficiaries (c) the taxpayer was neither (i) the person (other than a trust described in subparagraph (b)(ii)) from whom the particular trust directly or indirectly received the property, or property for which the property was substituted, nor (ii) an individual in respect of whom subsection 73(1) would be applicable on the transfer of capital property from the person described in subparagraph (i); and (d) the person described in subparagraph (c)(i) was in existence at the time the property was distributed. Distribution of property received on qualifying disposition (4.2) Subsection (2.1) applies (and subsection (2) does not apply) at any time to property distributed after December 20, 2002 to a beneficiary by a personal trust or a trust prescribed for the purpose of subsection (2), if (a) at a particular time before December 21, 2002 there was a qualifying disposition (within the meaning assigned by subsection 107.4(1)) of the property, or of other property for which the property is substituted, by a particular partnership or a particular corporation, as the case may be, to a trust; and (b) the beneficiary is neither the particular partnership nor the particular corporation.
Subsection (2.1) applies (and subsection (2) does not apply) in respect of a distribution of a property (other than a share of the capital stock of a non-resident-owned investment corporation or property described in any of subparagraphs 128.1(4)(b)(i) to (iii)) by a trust to a non-resident taxpayer (including a partnership other than a Canadian partnership) in satisfaction of all or part of the taxpayer's capital interest in the trust. Instalment interest (5.1) If, solely because of the application of subsection (5), paragraphs (2)(a) to (c) do not apply to a distribution in a taxation year of taxable Canadian property by a trust, in applying sections 155 and 156 and subsections 156.1(1) to (3) and 161(2), (4) and (4.01) and any regulations made for the purposes of those provisions, the trust’s tax payable under this Part for the year is deemed to be the lesser of SUBDIVISION K Trusts and their Beneficiaries (a) the trust’s tax payable under this Part for the year, determined before taking into consideration the specified future tax consequences for the year, and (b) the amount that would be determined under paragraph (a) if subsection (5) did not apply to each distribution in the year of taxable Canadian property to which the rules in subsection (2) do not apply solely because of the application of subsection (5).
(ii) dans les autres cas, elle est réputée être une perte en capital du vendeur résultant de la disposition d’un bien qu’il effectue au moment où la dépense est payée ou devient payable, le premier en date étant à retenir. Définition de date déterminée
Notwithstanding any other provision of this Act, where a person or partnership (in this subsection referred to as the “vendor”) has disposed of property and would, but for this subsection, have had a loss from the disposition, the vendor’s loss otherwise determined in respect of the disposition shall be reduced by such portion of that loss as may reasonably be considered to have accrued during a period in which (a) the property or property for which it was substituted was held by a trust; and (i) the trust was non-resident and the property (or property for which it was substituted) was not taxable Canadian property of the trust, or (ii) neither the vendor — nor a person that would, if section 251.1 were read without reference to the definition controlled in subsection 251.1(3), be affiliated with the vendor — had a capital interest in the trust. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.]
Au paragraphe (1), date déterminée s’entend : a) si le vendeur est une société de personnes, du dernier jour de l’exercice où il a disposé du bien visé; b) dans les autres cas, de la date d’échéance de production qui lui est applicable pour l’année d’imposition où il a disposé de bien. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 42; 2013, ch. 34, art. 184. Disposition partielle d’un bien — règle générale 43 (1) Pour le calcul du gain ou de la perte d’un contribuable pour une année d’imposition, de la disposition d’une partie d’un bien, le prix de base rajusté, pour lui, immédiatement avant la disposition, de cette partie est réputé être la fraction du prix de base rajusté, pour lui, de l’ensemble du bien à ce moment qui peut raisonnablement être attribuée à cette partie. Dons de biens écosensibles
Pour l’application du paragraphe (1) et de l’article 53, dans le cas où un contribuable dispose d’un covenant ou d’une servitude, visant un fonds de terre, la servitude devant être une servitude réelle ou personnelle si le fonds de terre est situé au Québec, dans les circonstances visées aux paragraphes 110.1(5) ou 118.1(12), les règles ci-après s’appliquent : a) la partie du prix de base rajusté du fonds de terre pour le contribuable immédiatement avant la disposition qui est raisonnable de considérer comme étant attribuable à la servitude ou au covenant est réputée être égale au montant obtenu par la formule suivante : A × B/C où : A représente le prix de base rajusté du fonds de terre pour le contribuable immédiatement avant la disposition, B le montant déterminé selon les paragraphes 110.1(5) ou 118.1(12) relativement à la disposition, C la juste valeur marchande du fonds de terre immédiatement avant la disposition; Income Tax PART I Income Tax DIVISION B Computation of Income
SUBDIVISION K Trusts and their Beneficiaries (a) in the case of an employee life and health trust, an employee trust or a trust described in paragraph (a.1) of the definition trust in subsection 108(1), (i) the trust shall be deemed to have disposed of the property immediately before that time for proceeds of disposition equal to its fair market value at that time, and (ii) the taxpayer shall be deemed to have acquired the property at a cost equal to its fair market value at that time; (b) in the case of a trust governed by an employee benefit plan, (i) the trust shall be deemed to have disposed of the property for proceeds of disposition equal to its cost amount to the trust immediately before that time, and (ii) the taxpayer shall be deemed to have acquired the property at a cost equal to the greater of (A) its fair market value at that time, and (B) the adjusted cost base to the taxpayer of the taxpayer’s interest or part thereof, as the case may be, immediately before that time; (c) the taxpayer shall be deemed to have disposed of the taxpayer’s interest or part thereof, as the case may be, for proceeds of disposition equal to the adjusted cost base to the taxpayer of that interest or part thereof immediately before that time; and (d) where the property was depreciable property of a prescribed class of the trust and the amount that was the capital cost to the trust of that property exceeds the cost at which the taxpayer is deemed by this section to have acquired the property, for the purposes of sections 13 and 20 and any regulations made under paragraph 20(1)(a), (i) the capital cost to the taxpayer of the property shall be deemed to be the amount that was the capital cost of the property to the trust, and (ii) the excess shall be deemed to have been allowed to the taxpayer in respect of the property under regulations made under paragraph 20(1)(a) in computing income for taxation years before the acquisition by the taxpayer of the property. Distribution by a retirement compensation arrangement
NOTE: Application provisions are not included in the consolidated text; see relevant amendments and regulations: R.S., 1985, c. 1 (5th Supp.), s. 43; 2001, c. 17, s. 27; 2013, c. 34, s. 185; 2017, c. 33, s. 11. Life estates in real property Idem --- Impôt sur le revenu
(a) the trust shall be deemed to have disposed of the property for proceeds of disposition equal to its fair market value at that time; (b) the trust shall be deemed to have paid to the taxpayer as a distribution an amount equal to that fair market value; (c) the taxpayer shall be deemed to have acquired the property at a cost equal to that fair market value; (d) the taxpayer shall be deemed to have disposed of the taxpayer’s interest or part thereof, as the case may be, for proceeds of disposition equal to the adjusted cost base to the taxpayer of that interest or part thereof immediately before that time; and (e) where the property was depreciable property of a prescribed class of the trust and the amount that was the capital cost to the trust of that property exceeds the cost at which the taxpayer is deemed by this section to have acquired the property, for the purposes of sections 13 and 20 and any regulations made under paragraph 20(1)(a), (i) the capital cost to the taxpayer of the property shall be deemed to be the amount that was the capital cost of the property to the trust, and (ii) the excess shall be deemed to have been allowed to the taxpayer in respect of the property under regulations made under paragraph 20(1)(a) in computing the taxpayer’s income for taxation years before the acquisition by the taxpayer of the property. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] Treatment of beneficiaries under qualifying environmental trusts
(a) subject to paragraph 107.3(1)(b), the taxpayer’s income, non-capital loss and net capital loss for the particular year shall be computed as if the amount of the income or loss of the trust for the trust’s year from any source or from sources in a particular place were the income or loss of the taxpayer from that source or from sources in that particular place for that particular year, to the extent of the portion thereof that can reasonably be considered to be the taxpayer’s share of such income or loss; and (b) if the taxpayer is non-resident at any time in the particular year and an income or loss described in paragraph 107.3(1)(a) or an amount to which paragraph 12(1)(z.1) or (z.2) applies would not otherwise be included in computing the taxpayer’s taxable income or taxable income earned in Canada, as the case may be, notwithstanding any other provision of this Act, the income, loss or amount shall be attributed to the carrying on of business in Canada by the taxpayer through a fixed place of business located in the province in which the site to which the trust relates is situated. Transfers to beneficiaries
Where property of a qualifying environmental trust is transferred at any time to a beneficiary under the trust in satisfaction of all or any part of the beneficiary’s interest as a beneficiary under the trust, (a) the trust shall be deemed to have disposed of the property at that time for proceeds of disposition equal to its fair market value at that time; and (b) the beneficiary shall be deemed to have acquired the property at that time at a cost equal to its fair market value at that time. Ceasing to be qualifying environmental trust
If at any time a trust ceases to be a qualifying environmental trust, (a) for the purposes of subsections 111(5.5) and 149(10), the trust is deemed to cease at that time to be exempt from tax under this Part on its taxable income; (b) each beneficiary under the trust immediately before that time is deemed to receive at that time from the trust an amount equal to the percentage of the fair market value of the properties of the trust immediately after that time that can reasonably be considered to be the beneficiary’s interest in the trust; and (c) each beneficiary under the trust is deemed to acquire immediately after that time an interest in the trust at a cost equal to the amount deemed by paragraph (b) to be received by the beneficiary from the trust.
b) il est entendu que le coût du fonds de terre pour le contribuable est réduit, au moment de la disposition, du montant déterminé selon l’alinéa a). Paiements sur le revenu, etc. d’une fiducie
Subsection 104(13) and sections 105 to 107 do not apply to a trust with respect to a taxation year during which it is a qualifying environmental trust. Qualifying disposition
Malgré le paragraphe (1), lorsqu’une partie de la participation d’un contribuable au capital d’une fiducie ferait l’objet d’une disposition (et ce n’était les alinéas h) ou i) de la définition de disposition au paragraphe 248(1), en raison seulement de l’exigibilité d’un droit d’exiger de la fiducie le versement d’une somme, aucune partie du prix de base rajusté, pour le contribuable, de sa participation au capital de la fiducie n’est attribuée à la partie de participation en question. NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs applicables : L.R., 1985, ch. 1 (5e suppl.), art. 43; 2001, ch. 17, art. 27; 2013, ch. 34, art. 185; 2017, ch. 33, art. 11. Domaine viager sur un bien réel
(a) the disposition does not result in a change in the beneficial ownership of the property; (b) the proceeds of disposition would, if this Act were read without reference to this section and sections 69 and 73, not be determined under any provision of this Act; (c) the particular trust is resident in Canada at the time of the transfer; (e) unless the contributor is a trust, there is immediately after the disposition no absolute or contingent right of a person or partnership (other than the contributor or, where the property was co-owned, each of the joint contributors) as a beneficiary (determined with reference to subsection 104(1.1)) under the particular trust; (f) the contributor is not an individual (other than a trust described in any of paragraphs (a) to (e.1) of the definition trust in subsection 108(1)), if the particular trust is described in any of paragraphs (a) to (e.1) of the definition trust in subsection 108(1); (g) the disposition is not part of a series of transactions or events (i) that begins after December 17, 1999 and that includes the subsequent acquisition, for consideration given to a personal trust, of a capital interest or an income interest in the trust, (ii) that begins after December 17, 1999 and that includes the disposition of all or part of a capital interest or an income interest in a personal trust, other than a disposition solely as a consequence of a distribution from a trust to a person or partnership in satisfaction of all or part of that interest, or (iii) that begins after June 5, 2000 and that transfers to the particular trust of particular property as consideration for the acquisition of a capital interest in the particular trust, if the particular property can reasonably be considered to have been received by the particular trust in order to fund a distribution (other than a distribution that is proceeds of disposition of a capital interest in the particular trust); (h) the disposition is not, and is not part of, a transaction (i) that occurs after December 17, 1999, and (ii) that includes the giving to the contributor, for the disposition, of any consideration (other than consideration that is an interest of the contributor as a beneficiary under the particular trust or that is the assumption by the particular trust of debt for which the property can, at the time of the disposition, reasonably be considered to be security); (i) subsection 73(1) does not apply to the disposition and would not apply to the disposition if (i) no election had been made under that subsection, and (ii) section 73 were read without reference to subsection 73(1.02); and (j) if the contributor is an amateur athlete trust, a cemetery care trust, an employee life and health trust, an employee trust, a trust deemed by subsection 143(1) to exist in respect of a congregation that is a SUBDIVISION K Trusts and their Beneficiaries constituent part of a religious organization, a related segregated fund trust (within the meaning assigned by paragraph 138.1(1)(a)), a trust described in paragraph 149(1)(o.4) or a trust governed by an eligible funeral arrangement, an employees profit sharing plan, a registered disability savings plan, a registered education savings plan, a registered supplementary unemployment benefit plan or a TFSA, the particular trust is the same type of trust. (a) except where paragraph (b) applies, where a trust (in this paragraph and subsection (2.1) referred to as the “transferor trust”), in a period that does not exceed one day, disposes of one or more properties in the period to one or more other trusts, there is deemed to be no resulting change in the beneficial ownership of those properties if (i) the transferor trust receives no consideration for the disposition, and (ii) as a consequence of the disposition, the value of each beneficiary’s beneficial ownership at the beginning of the period under the transferor trust in each particular property or the transferor trust (or group of two or more properties of the transferor trust that are identical to each other) is the same as the value of the beneficiary’s beneficial ownership at the end of the period under the transferor trust and the other trust or trusts in each particular property (or in property that was immediately before the disposition included in the group of identical properties referred to above); and (b) where a trust (in this paragraph referred to as the “transferor”) governed by a registered retirement savings plan or by a registered retirement income fund transfers a property to a trust (in this paragraph referred to as the “transferee”) governed by a registered retirement savings plan or by a registered retirement income fund, the transfer is deemed not to result in a change in the beneficial ownership of the property if the annuitant of the plan or fund that governs the transferor is also the annuitant of the plan or fund that governs the transferee. (2.1) For the purpose of applying paragraph (2)(a) in respect of a transfer by a transferor trust of property that includes a share and money, the other trust or trusts SUBDIVISION K Trusts and their Beneficiaries referred to in that paragraph may receive, in lieu of a transfer of a fractional interest in a share that would otherwise be required, a disproportionate amount of money or interest in the share (the value of which does not exceed the lesser of $200 and the fair market value of the fractional interest). Tax consequences of qualifying dispositions
a) avoir disposé à ce moment du domaine viager sur le bien pour un produit égal à la juste valeur marchande du bien à ce moment; b) avoir acquis de nouveau le domaine viager, immédiatement après ce moment, à un coût égal au produit visé à l’alinéa a). Extinction d’un domaine viager
Where at a particular time there is a qualifying disposition of a property by a person or partnership (in this subsection referred to as the “transferor”) to a trust (in this subsection referred to as the “transferee trust”), (a) the transferor’s proceeds of disposition of the property are deemed to be (i) where the transferor so elects in writing and files the election with the Minister on or before the transferor’s filing-due date for its taxation year that includes the particular time, or at any later time that is acceptable to the Minister, the amount specified in the election that is not less than the cost amount to the transferor of the property immediately before the particular time and not more than the fair market value of the property at the particular time, and (ii) in any other case, the cost amount to the transferor of the property immediately before the particular time; (b) the transferee trust’s cost of the property is deemed to be the amount, if any, by which (i) the proceeds determined under paragraph (a) in respect of the qualifying disposition (ii) the amount by which the transferor’s loss otherwise determined from the qualifying disposition would be reduced because of subsection 100(4), paragraph 107(1)(c) or (d) or any of subsections 112(3) to (4.2), if the proceeds determined under paragraph (a) were equal to the fair market value of the property at the particular time; (d) if the property was depreciable property of a prescribed class of the transferor and its capital cost to the transferor exceeds the cost at which the transferee trust is deemed by this subsection to have acquired the property, for the purposes of sections 13 and 20 and any regulations made for the purpose of paragraph 20(1)(a), (ii) the capital cost of the property to the transferee trust is deemed to be the amount that was the capital cost of the property to the transferor, and (iii) the excess is deemed to have been allowed to the transferee trust in respect of the property under regulations made for the purpose of paragraph 20(1)(a) in computing income for taxation years that ended before the particular time; (f) if, as a result of a transaction or event, the property was deemed to be taxable Canadian property of the transferor by this paragraph or any of paragraphs 44.1(2)(c), 51(1)(f), 85(1)(i) and 85.1(1)(a), subsection 85.1(5), paragraph 85.1(8)(b), subsections 87(4) and (5) and paragraphs 97(2)(c) and 107.3(1)(d), the property is also deemed to be, at any time that is within 60 months after the transaction or event, taxable Canadian property of the transferee trust; (g) where the transferor is a related segregated fund trust (in this paragraph having the meaning assigned by section 138.1), (i) paragraph 138.1(1)(j) does not apply in respect of a disposition of an interest in the transferor that occurs in connection with the qualifying disposition, and (ii) in computing the amount determined under paragraph 138.1(1)(j) in respect of a subsequent disposition of an interest in the transferee trust where the interest is deemed to exist in connection with a particular life insurance policy, the acquisition fee (as defined by subsection 138.1(6)) in respect of the particular policy shall be determined as if each amount determined under any of paragraphs 138.1(6)(a) to (d) in respect of the policyholder’s interest in the transferor had been determined in respect of the policyholder’s interest in the transferee trust; (h) if the transferor is a trust to which property had been transferred by an individual (other than a trust), (i) where subsection 73(1) applied in respect of the property so transferred and it is reasonable to consider that the property was so transferred in anticipation of the individual ceasing to be resident in Canada, for the purposes of paragraph 104(4)(a.3) and the application of this paragraph to a disposition by the transferee trust after the particular time, the transferee trust is deemed after the particular time to be a trust to which the individual had transferred property in anticipation of the individual ceasing to reside in Canada and in circumstances to which subsection 73(1) applied, and (ii) for the purposes of paragraph (j) of the definition excluded right or interest in subsection 128.1(10) and the application of this paragraph to a disposition by the transferee trust after the particular time, where the property so transferred was transferred in circumstances to which this subsection would apply if subsection (1) were read without reference to paragraphs (1)(h) and (i), the transferee trust is deemed after the particular time to be a trust an interest in which was acquired by the individual as a consequence of a qualifying disposition; (i) if the transferor is a trust (other than a personal trust or a trust prescribed for the purposes of subsection 107(2)), the transferee trust is deemed to be neither a personal trust nor a trust prescribed for the purposes of subsection 107(2); (j) if the transferor is a trust and a taxpayer disposes of all or part of a capital interest in the transferor because of the qualifying disposition and, as a consequence, acquires a capital interest or part of it in the transferee trust (i) the taxpayer is deemed to dispose of the capital interest or part of it in the transferor for proceeds equal to the cost amount to the taxpayer of that interest or part of it immediately before the particular time, and (ii) the taxpayer is deemed to acquire the capital interest or part of it in the transferee trust at a cost equal to the amount, if any, by which (A) that cost amount (B) the amount by which the taxpayer’s loss otherwise determined from the disposition referred to in subparagraph (i) would be reduced because of paragraph 107(1)(c) or (d) if the proceeds under that subparagraph were equal to the fair market value of the capital interest or part of it in the transferor immediately before the particular time; (k) where the transferor is a trust, a taxpayer’s beneficial ownership in the property ceases to be derived from the taxpayer’s capital interest in the transferor because of the qualifying disposition and no part of the taxpayer’s capital interest in the transferor was disposed of because of the qualifying disposition, there shall, immediately after the particular time, be added to the cost otherwise determined of the taxpayer’s capital interest in the transferee trust, the amount determined by the formula A is the cost amount to the taxpayer of the taxpayer’s capital interest in the transferor immediately before the particular time, B is the fair market value immediately before the particular time of the taxpayer’s capital interest in the transferor, C is the fair market value at the particular time of the taxpayer’s capital interest in the transferor (determined as if the only property disposed of at the particular time were the particular property), D is the lesser of (i) the amount, if any, by which the cost amount to the taxpayer of the taxpayer’s capital interest in the transferor immediately before the particular time exceeds the fair market value of the taxpayer’s capital interest in the transferor immediately before the particular time, and (ii) the maximum amount by which the taxpayer’s loss from a disposition of a capital interest otherwise determined could have been reduced because of paragraph 107(1)(c) or (d) if the taxpayer’s capital interest in the transferor had been disposed of immediately before the particular time; (l) where paragraph (k) applies to the qualifying disposition in respect of a taxpayer, the amount that would be determined under that paragraph in respect of the qualifying disposition if the amount determined for D in that paragraph were nil shall, immediately after the particular time, be deducted in computing the cost otherwise determined of the taxpayer’s capital interest in the transferor; (m) where paragraphs (j) and (k) do not apply in respect of the qualifying disposition, the transferor is deemed to acquire the capital interest or part of it in the transferee trust that is acquired as a consequence of the qualifying disposition (i) where the transferee trust is a personal trust, at a cost equal to nil, and (ii) in any other case, at a cost equal to the excess determined under paragraph (b) in respect of the qualifying disposition; and (n) if the transferor is a trust and a taxpayer disposes of all or part of an income interest in the transferor because of the qualifying disposition and, as a consequence, acquires an income interest or a part of an income interest in the transferee trust, for the purpose of subsection 106(2), the taxpayer is deemed not to dispose of any part of the income interest in the transferor at the particular time. Fair market value of vested interest in trust (a) a particular capital interest in a trust is held by a beneficiary at any time, (b) the particular interest is vested indefeasibly at that time, (c) the trust is not described in any of paragraphs (a) to (e.1) of the definition trust in subsection 108(1), and (d) interests under the trust are not ordinarily disposed of for consideration that reflects the fair market value of the net assets of the trust, the fair market value of the particular interest at that time is deemed to be not less than the amount determined by the formula A is the total fair market value at that time of all properties of the trust, B is the total of all amounts each of which is the amount of a debt owing by the trust at that time or the amount of any other obligation of the trust to pay any amount that is outstanding at that time, C is the fair market value at that time of the particular interest (determined without reference to this subsection), and D is the total fair market value at that time of all interests as beneficiaries under the trust (determined without reference to this subsection). accumulating income of a trust for a taxation year means the amount that would be the income of the trust for the year if that amount were computed (b) as if the greatest amount that the trust was entitled to claim under subsection 104(6) in computing its income for the year were so claimed, and (c) without reference to subsection 12(10.2), except to the extent that that subsection applies to amounts paid to a trust to which paragraph 70(6.1)(b) applies and before the death of the spouse or common-law partner referred to in that paragraph; (revenu accumulé) capital interest of a taxpayer in a trust means all rights of the taxpayer as a beneficiary under the trust, and after 1999 includes a right (other than a right acquired before 2000 and disposed of before March 2000) to enforce payment of an amount by the trust that arises as a consequence of any such right, but does not include an income interest in the trust; (participation au capital) cost amount to a taxpayer at any time of a capital interest or part of it, as the case may be, in a trust, means (notwithstanding subsection 248(1) and except for the purposes of subsection 107(3.1) and section 107.4 and except in respect of a capital interest in a trust that is at that time a foreign affiliate of the taxpayer), (a) where any money or other property of the trust has been distributed by the trust to the taxpayer in satisfaction of all or part of the taxpayer’s capital interest (whether on the winding-up of the trust or otherwise), the total of (i) the money so distributed, and (ii) all amounts each of which is the cost amount to the trust, immediately before the distribution, of each such other property, (a.1) where that time (in this paragraph referred to as the “particular time”) is immediately before the time that is immediately before the time of the death of the taxpayer and subsection 104(4) or (5) deems the trust to dispose of property at the end of the day that includes the particular time, the amount that would be determined under paragraph (b) if the taxpayer had died on a day that ended immediately before the time that is immediately before the particular time, and (b) in any other case, the amount determined by the formula A is the total of (i) all money of the trust on hand immediately before that time, and (ii) all amounts each of which is the cost amount to the trust, immediately before that time, of each other property of the trust, B is the total of all amounts each of which is the amount of any debt owing by the trust, or of any other obligation of the trust to pay any amount, that was outstanding immediately before that time, C is the fair market value at that time of the capital interest or part thereof, as the case may be, in the trust, and D is the fair market value at that time of all capital interests in the trust; eligible offset at any time of a taxpayer in respect of all or part of the taxpayer’s capital interest in a trust is the portion of any debt or obligation that is assumed by the taxpayer and that can reasonably be considered to be applicable to property distributed at that time in satisfaction of the interest or part of the interest, as the case may be, if the distribution is conditional upon the assumption by the taxpayer of the portion of the debt or obligation; (montant de réduction admissible) eligible taxable capital gains, of a trust for a taxation year, means the lesser of (a) its annual gains limit (within the meaning assigned by subsection 110.6(1)) for the year, and (b) the amount determined by the formula SUBDIVISION K Trusts and their Beneficiaries A is its cumulative gains limit (within the meaning assigned by subsection 110.6(1)) at the end of the year, and B is the total of all amounts designated under subsection 104(21.2) by the trust in respect of beneficiaries for taxation years before that year; (gains en capital imposables admissibles) excluded property, of a trust, means property owned by the trust at, and distributed by the trust after, the end of 2016, if (a) the trust is not in its first taxation year that begins after 2016 a trust described in subparagraph (c.1)(iii.1) of the definition principal residence in section 54, and (b) the property is a property that would be the trust’s principal residence (as defined in section 54) for the taxation year in which the distribution occurs if (i) that definition were read without reference to its subparagraph (c.1)(iii.1), and (ii) the trust designated the property under that definition as its principal residence for the taxation year; (bien exclu) exempt property of a taxpayer at any time means property any income or gain from the disposition of which by the taxpayer at that time would, because the taxpayer is a non-resident or because of a provision contained in a tax treaty, not cause an increase in the taxpayer’s tax payable under this Part; (bien exonéré) income interest of a taxpayer in a trust means a right (whether immediate or future and whether absolute or contingent) of the taxpayer as a beneficiary under a personal trust to, or to receive, all or any part of the income of the trust and, after 1999, includes a right (other than a right acquired before 2000 and disposed of before March 2000) to enforce payment of an amount by the trust that arises as a consequence of any such right; (participation au revenu) pre-1972 spousal trust at a particular time means a trust that was (a) created by the will of a taxpayer who died before 1972, or (b) created before June 18, 1971 by a taxpayer during the taxpayer’s lifetime that throughout the period beginning at the time it was created and ending at the earliest of January 1, 1993, the day on which the taxpayer’s spouse or common-law partner died and the particular time, was a trust under which the taxpayer’s spouse or common-law partner was entitled to receive all of the income of the trust that arose before the spouse’s or common-law partner’s death, unless a person other than the spouse or common-law partner received or otherwise obtained the use of any of the income or capital of the trust before the end of that period; (fiducie au profit du conjoint antérieure à 1972) preferred beneficiary under a trust for a particular taxation year of the trust means a beneficiary under the trust at the end of the particular year who is resident in Canada at that time if (a) the beneficiary is (i) an individual in respect of whom paragraphs 118.3(1)(a) to (b) apply for the individual’s taxation year (in this definition referred to as the “beneficiary’s year”) that ends in the particular year, or (A) who attained the age of 18 years before the end of the beneficiary’s year, was a dependant (within the meaning assigned by subsection 118(6)) of another individual for the beneficiary’s year and was dependent on the other individual because of mental or physical infirmity, and (B) whose income (computed without reference to subsection 104(14)) for the beneficiary’s year does not exceed the amount determined for F in subsection 118(1.1) for the year, and (b) the beneficiary is (i) the settlor of the trust, (ii) the spouse or common-law partner or former spouse or common-law partner of the settlor of the trust, or settlor, (a) in relation to a testamentary trust, means the individual referred to in the definition testamentary trust in this subsection, and (i) if the trust was created by the transfer, assignment or other disposition of property thereto (in this definition referred to as property “contributed”) by not more than one individual and the fair market value of such of the property of the trust as was contributed by the individual at the time of the creation of the trust or at any subsequent time exceeds the fair market value of such of the property of the trust as was contributed by any other person or persons at any subsequent time (such fair market values being determined at the time of the making of any such contribution), means that individual, and (ii) if the trust was created by the contribution of property thereto jointly by an individual and the individual’s spouse or common-law partner and by no other person and the fair market value of such of the property of the trust as was contributed by them at the time of the creation of the trust or at any subsequent time exceeds the fair market value of such of the property of the trust as was contributed by any other person or persons at any subsequent time (such fair market values being determined at the time of the making of any such contribution), means that individual and the spouse or common-law partner; (auteur ou disposant) testamentary trust, in a taxation year, means a trust that arose on and as a consequence of the death of an individual (including a trust referred to in subsection 248(9.1)), other than (a) a trust created by a person other than the individual, (b) a trust created after November 12, 1981 if, before the end of the taxation year, property has been contributed to the trust otherwise than by an individual on or after the individual’s death and as a consequence thereof, (c) a trust created before November 13, 1981 if (i) after June 28, 1982 property has been contributed to the trust otherwise than by an individual on or after the individual’s death and as a consequence thereof, or (ii) before the end of the taxation year, the total fair market value of the property owned by the trust that was contributed to the trust otherwise than by an individual on or after the individual’s death and as a consequence thereof and the property owned by the trust that was substituted for such property exceeds the total fair market value of the property owned by the trust that was contributed by an individual on or after the individual’s death and as a consequence thereof and the property owned by the trust that was substituted for such property, and for the purposes of this subparagraph the fair market value of any property shall be determined as at the time it was acquired by the trust, (d) a trust that, at any time after December 20, 2002 and before the end of the taxation year, incurs a debt or any other obligation owed to, or guaranteed by, a beneficiary or any other person or partnership (which beneficiary, person or partnership is referred to in this paragraph as the “specified party”) with whom any beneficiary of the trust does not deal at arm’s length, other than a debt or other obligation (i) incurred by the trust in satisfaction of the specified party’s right as a beneficiary under the trust (A) to enforce payment of an amount of the trust’s income or capital gains payable at or before that time by the trust to the specified party, or (B) to otherwise receive any part of the capital of the trust, (ii) owed to the specified party, if the debt or other obligation arose because of a service (for greater certainty, not including any transfer or loan of property) rendered by the specified party to, for or on behalf of the trust, (A) the debt or other obligation arose because of a payment made by the specified party for or on behalf of the trust, (B) in exchange for the payment (and in full settlement of the debt or other obligation), the trust transfers property, the fair market value of which is not less than the principal amount of the debt or other obligation, to the specified party within 12 months after the payment was made (or, if written application has been made to the Minister by the trust within that 12-month period, within any longer period that the Minister considers reasonable in the circumstances), and (C) it is reasonable to conclude that the specified party would have been willing to make the payment if the specified party dealt at arm’s length with the trust, except where the trust is the individual’s estate and that payment was made within the first 12 months after the individual’s death (or, if written application has been made to the Minister by the estate within that 12-month period, within any longer period that the Minister considers reasonable in the circumstances), or (iv) incurred by the trust before October 24, 2012 if, in full settlement of the debt or other obligation the trust transfers property, the fair market value of which is not less than the principal amount of the debt or other obligation, to the person or partnership to whom the debt or other obligation is owed within 12 months after the day on which the Technical Tax Amendments Act, 2012 receives royal assent (or if written application has been made to the Minister by the trust within that 12-month period, within any longer period that the Minister considers reasonable in the circumstances); (fiducie testamentaire) trust includes an inter vivos trust and a testamentary trust but in subsections 104(4), (5), (5.2), (12), (13.1), (13.2), (14) and (15) and sections 105 to 107 does not include (a) an amateur athlete trust, an employee life and health trust, an employee trust, a trust described in paragraph 149(1)(o.4) or a trust governed by a deferred profit sharing plan, an employee benefit plan, an employees profit sharing plan, a FHSA, a foreign retirement arrangement, a pooled registered pension plan, a registered disability savings plan, a registered education savings plan, a registered pension plan, a registered retirement income fund, a registered retirement savings plan, a registered supplementary unemployment benefit plan or a TFSA, (a.1) a trust (other than a trust described in paragraph (a), (d) or (h), a trust to which subsection 7(2) or (6) applies or a trust prescribed for the purpose of subsection 107(2)) all or substantially all of the property of which is held for the purpose of providing benefits to individuals each of whom provided with benefits in respect of, or because of, an office or employment or former office or employment of any individual, (b) a related segregated fund trust (within the meaning assigned by section 138.1), (c) a trust deemed by subsection 143(1) to exist in respect of a congregation that is a constituent part of a religious organization, (e) a trust each of the beneficiaries under which was at all times after it was created a trust referred to in paragraph (a), (b) or (d) or a person who is a beneficiary of the trust only because of being a beneficiary under a trust referred to in any of those paragraphs, or (e.1) a cemetery care trust or a trust governed by an eligible funeral arrangement, and, in applying subsections 104(4), (5), (5.2), (12), (14) and (15) at any time, does not include (f) a trust that, at that time, is a unit trust, (g) a trust all interests in which, at that time, have vested indefeasibly, other than (i) an alter ego trust, a joint spousal or common-law partner trust, a post-1971 spousal or common-law partner trust or a trust to which paragraph 104(4)(a.4) applies, (iii) a trust that has, in its return of income under this Part for its first taxation year that ends after 1992, elected that this paragraph not apply, (iv) a trust that is at that time resident in Canada where the total fair market value at that time of all interests in the trust held at that time by beneficiaries under the trust that at that time are non-resident is more than 20% of the total fair market value at that time of all interests in the trust held at that time by beneficiaries under the trust, (v) a trust under the terms of which, at that time, all or part of a person’s interest in the trust is to be terminated with reference to a period of time (including a period of time determined with reference to the person’s death), otherwise than as a consequence of terms of the trust under which an interest in the trust is to be terminated as a consequence of a distribution to the person (or the person’s estate) of property of the trust if the fair market value of the property to be distributed is required to be commensurate with the fair market value of that interest immediately before the distribution, or (vi) a trust that, before that time and after December 17, 1999, has made a distribution to a beneficiary in respect of the beneficiary’s capital interest in the trust, if the distribution can reasonably be considered to have been financed by a liability of the trust and one of the purposes of incurring the liability was to avoid taxes otherwise payable under this Part as a consequence of the death of any individual, or (1.1) For the purpose of the definition testamentary trust in subsection (1), a contribution to a particular trust does not include (a) a qualifying expenditure (within the meaning of section 118.04, 118.041 or 122.92) of a beneficiary under the trust; or (b) an amount paid to, or on behalf of, the trust by another trust if (i) the trust is an individual’s graduated rate estate (determined without regard to the payment and this subsection), (ii) paragraph 104(13.4)(b) applies to the other trust, for a taxation year that ends at a time determined by reference to the individual’s death, because of a joint election made under subparagraph 104(13.4)(b.1)(iii) by the other trust and the legal representative administering the estate, (iii) the payment is on account of the tax payable by the individual, for the individual's taxation year that includes the day on which the individual dies, under (A) this Part, or (B) the law of the province, in which the individual was resident immediately before the individual's death, that imposes a tax on the taxable income of individuals resident in that province, and (iv) the amount of the payment does not exceed the amount by which that tax payable is greater than it would have been if paragraph 104(13.4)(b) did not apply to the other trust in respect of the taxation year referred to in subparagraph (ii). When trust is a unit trust
Les règles suivantes s’appliquent lorsqu’un domaine viager auquel le paragraphe (1) s’applique s’éteint par suite du décès d’un particulier : a) le détenteur du domaine viager immédiatement avant le décès est réputé avoir disposé du domaine immédiatement avant son décès pour un produit égal au prix de base rajusté du domaine pour lui immédiatement avant ce décès; b) lorsque la personne qui détient un domaine résiduel sur le bien réel immédiatement avant le décès du particulier a un lien de dépendance avec le détenteur du domaine viager, les montants ci-après sont ajoutés, après ce décès, au prix de base rajusté du bien pour cette personne : (i) le prix de base rajusté du domaine viager sur le bien immédiatement avant ce décès, et Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this Act, a trust is a unit trust at any particular time if, at that time, it was an inter vivos trust the interest of each beneficiary under which was described by reference to units of the trust, and (a) the issued units of the trust included (i) units having conditions attached thereto that included conditions requiring the trust to accept, at the demand of the holder thereof and at prices determined and payable in accordance with the conditions, the surrender of the units, or fractions or parts thereof, that are fully paid, or (ii) units qualified in accordance with prescribed conditions relating to the redemption of the units by the trust, and the fair market value of such of the units as had conditions attached thereto that included such conditions or as were so qualified, as the case may be, was not less than 95% of the fair market value of all of the issued units of the trust (such fair market values being determined without regard to any voting rights attaching to units of the trust); (b) each of the following conditions was satisfied: (i) throughout the taxation year that includes the particular time (in this paragraph referred to as the "current year"), the trust was resident in Canada, (ii) throughout the period or periods (in this paragraph referred to as the "relevant periods") that are in the current year and throughout which the conditions in paragraph (a) are not satisfied in respect of the trust, its only undertaking was (A) the investing of its funds in property (other than real property or an interest in real property or an immovable or a real right in an immovable), (B) the acquiring, holding, maintaining, improving, leasing or managing of any real property or an interest in real property, or of any immovable or a real right in immovables, that is capital property of the trust, or (C) any combination of the activities described in clauses (A) and (B), (iii) throughout the relevant periods at least 80% of its property consisted of any combination of (B) any property that, under the terms or conditions of which or under an agreement, is convertible into, is exchangeable for or confers a right to acquire, shares, (F) real property situated in Canada, and interests in such real property, or immovables situated in Canada and real rights in such immovables, and (G) rights to and interests in — or, for civil law, rights in or to — any rental or royalty computed by reference to the amount or value of production from a natural accumulation of petroleum or natural gas in Canada, from an oil or gas well in Canada or from a mineral resource in Canada, (A) not less than 95% of its income for the current year (computed without regard to subsections 39(2), 49.2(1) and 104(6)) was derived from, or from the disposition of, investments described in subparagraph (iii), (B) not less than 95% of its income for each of the relevant periods (computed without regard to subsections 39(2), 49.2(1) and 104(6) and as though each of those periods were a taxation year) was derived from, or from the disposition of, investments described in subparagraph (iii), (v) throughout the relevant periods, not more than 10% of its property consisted of bonds, securities or shares in the capital stock of any one corporation or debtor other than Her Majesty in right of Canada or a province or a Canadian municipality, and (vi) where the trust would not be a unit trust at the particular time if this paragraph were read without reference to this subparagraph and subparagraph (iii) were read without reference to clause (F), the units of the trust are listed at any time in the current year or in the following taxation year on a designated stock exchange in Canada, or (c) the fair market value of the property of the trust at the end of 1993 was primarily attributable to real property or an interest in real property — or to immovables or a real right in immovables — and the trust was a unit trust throughout any calendar year that ended before 1994 and the fair market value of the property of the trust at the particular time is primarily attributable to property described in paragraph (a) or (b) of the definition qualified investment in section 204, real property or an interest in real property — or immovables or a real right in immovables — or any combination of those properties. Interest rate hedging agreements (2.1) For the purposes of subparagraph (2)(b)(iv), if an amount included in computing the income of a trust is derived from, or from the disposition of, an agreement that can reasonably be considered to have been made by the trust to reduce its risk from fluctuations in interest rates in respect of debt incurred by the trust to acquire or refinance property described in subparagraph (2)(b)(iii), the amount is deemed to be derived from that property. Income of a trust in certain provisions
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1994, c. 7, Sch. VIII, s. 13; c. 21, s. 16; 2011, c. 24, s. 6; 2013, c. 34, s. 103(F). Exchanges of property (a) property the proceeds of disposition of which are described in paragraph (b), (c) or (d) of the definition proceeds of disposition in subsection 13(21) or paragraph (b), (c) or (d) of the definition proceeds of disposition in section 54, or Impôt sur le revenu
For the purposes of the definition income interest in subsection (1), subclause (c.1)(iii.1)(D)(II) of the definition principal residence in section 54 and the definitions lifetime benefit trust in subsection 60.011(1) and exempt foreign trust in subsection 94(1), the income of a trust is its income computed without reference to the provisions of this Act and, for the purposes of the definition pre-1972 spousal trust in subsection (1) and paragraphs 70(6)(b) and (6.1)(b), 73(1.01)(c) and 104(4)(a), the income of a trust is its income computed without reference to the provisions of this Act, minus any dividends included in that income (a) that are amounts not included by reason of section 83 in computing the income of the trust for the purposes of the other provisions of this Act; (b) that are described in subsection 131(1); or (c) to which subsection 131(1) applies by reason of subsection 130(2).
For the purposes of the definition pre-1972 spousal trust in subsection (1), subparagraphs 70(6)(b)(ii) and (6.1)(b)(ii) and paragraphs 73(1.01)(c) and 104(4)(a), if a trust was created by a taxpayer whether by the taxpayer’s will or otherwise, no person is deemed to have received or otherwise obtained or to be entitled to receive or otherwise obtain the use of any income or capital of the trust solely because of (a) the payment, or provision for payment, as the case may be, by the trust of (i) any estate, legacy, succession or inheritance duty payable, in consequence of the death of the taxpayer, or a spouse or common-law partner of the taxpayer who is a beneficiary under the trust, in respect of any property of, or interest in, the trust, or (ii) any income or profits tax payable by the trust in respect of any income of the trust; or (b) the inhabiting at any time by an individual of a housing unit that is, or is in respect of, property that is owned at that time by the trust, if (i) the property is described in the definition principal residence in section 54 in respect of the trust for the trust’s taxation year that includes that time, (ii) the individual is (A) the taxpayer, or (I) spouse or common-law partner, (II) former spouse or common-law partner, or
Except as otherwise provided in this Part, (a) an amount included in computing the income for a taxation year of a beneficiary of a trust under subsection 104(13) or (14) or section 105 shall be deemed to be income of the beneficiary for the year from a property that is an interest in the trust and not from any other source, and (b) an amount deductible in computing the amount that would, but for subsections 104(6) and (12), be the income of a trust for a taxation year shall not be deducted by a beneficiary of the trust in computing the beneficiary’s income for a taxation year. but, for greater certainty, nothing in this subsection shall affect the application of subsection 56(4.1), sections 74.1 to 75 and 120.4 and subsection 160(1.2) of this Act and section 74 of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952.
Where at any time the terms of a trust are varied (a) for the purposes of subsections 104(4), (5) and (5.2) and subject to paragraph (b), the trust is, at and after that time, deemed to be the same trust as, and a continuation of, the trust immediately before that time; (b) for greater certainty, paragraph (a) does not affect the application of paragraph 104(4)(a.1); and (c) for the purposes of paragraph 53(2)(h), subsection 107(1), paragraph (j) of the definition excluded right or interest in subsection 128.1(10) and the definition personal trust in subsection 248(1), no interest of a SUBDIVISION K Trusts and their Beneficiaries beneficiary under the trust before it was varied is considered to be consideration for the interest of the beneficiary in the trust as varied. Interests acquired for consideration
(ii) le prix de base rajusté du domaine viager sur le bien immédiatement avant le décès du particulier, (iii) l’excédent éventuel de la juste valeur marchande du bien immédiatement après le décès du particulier sur le prix de base rajusté du domaine résiduel pour cette personne immédiatement avant ce décès. [NOTE: Les dispositions d’application ne sont pas incluses dans le présent codification; voir les lois et règlements modificatifs appropriés.] 1994, ch. 7, ann. VIII, art. 13, ch. 21, art. 16; 2011, ch. 24, art. 6; 2013, ch. 34, art. 103(F). Échanges de biens 44 (1) Lorsque, au cours d’une année d’imposition (appelée « année initiale » au présent paragraphe), une somme est devenue un montant à recevoir pour un contribuable à titre de produit de disposition d’un immobilisation qui n’est pas une action du capital-actions d’une société (l’immobilisation étant appelée « ancien bien » au présent article), mais qui est : a) soit un bien dont le produit de disposition est visé aux alinéas b), c) ou d) de la définition de produit de disposition au paragraphe 13(21) ou aux alinéas b), c) ou d) de la définition de produit de disposition à l’article 54; b) soit un bien qui était immédiatement avant qu’il en soit disposé, un ancien bien d’entreprise du contribuable, et lorsque le contribuable a acquis : c) si l’ancien bien est visé à l’alinéa a), avant la fin de la deuxième année d’imposition suivant l’année initiale ou, si elle est postérieure, avant la fin la période de 24 mois qui suit l’année initiale; d) sinon, avant la fin de la première année d’imposition suivant l’année initiale ou, si elle est postérieure, avant la fin la période de 12 mois qui suit l’année initiale, une immobilisation en remplacement de son ancien bien, et qu’il n’en a pas disposé avant le moment où il a disposé de son ancien bien, nonobstant le paragraphe 40(1), faire un choix dans sa déclaration de revenu produite pour l’année au cours de laquelle il a acquis le bien de remplacement, pour que les présomptions suivantes s’appliquent : e) le gain, pour une année d’imposition donnée, tiré de la disposition de son ancien bien, est réputé être l’excédent éventuel : (i) lorsque l’année donnée est l’année initiale, du moindre des montants suivants : exceeds (A) l’excédent éventuel du produit de disposition de l’ancien bien sur : (I) dans le cas d’un bien amortissable, le moins élevé des montants suivants : le produit de disposition de l’ancien bien calculé compte non tenu du paragraphe (6) et le total de son prix de base rajusté, pour lui, immédiatement avant la disposition et de toutes dépenses dans la mesure où elles ont été engagées ou effectuées par lui afin de réaliser la disposition, (II) dans les autres cas, le total de son prix de base rajusté, pour lui, immédiatement avant la disposition, et de toutes dépenses dans la mesure où elles ont été engagées ou effectuées par lui afin de réaliser la disposition, (B) l’excédent éventuel du produit de disposition de son ancien bien sur le total du coût, pour lui, ou, s’il s’agit d’un bien amortissable, du coût capital du bien de remplacement, pour lui, calculé compte non tenu de l’alinéa f), de l’ancien bien et de toutes dépenses dans la mesure où elles ont été engagées ou effectuées par lui afin de réaliser la disposition, (ii) lorsque l’année donnée est postérieure à l’année initiale, la somme dont il a demandé la déduction en vertu du sous-alinéa (iii) dans le calcul du gain qu’il a tiré, pour l’année précédente, de la disposition de l’ancien bien, sur : (iii) sous réserve du paragraphe (1.1), le montant qu’il peut demander à titre de déduction soit sur le formulaire prescrit présenté avec sa déclaration de revenu produite en vertu de la présente partie pour l’année donnée, s’il est un particulier (mais non une fiducie), soit dans sa déclaration de revenu produite en vertu de la présente partie pour l’année donnée, dans les autres cas, et qui ne dépasse pas le moins élevé des montants suivants : (A) un montant raisonnable à titre de provision à l’égard de la fraction du produit de disposition de l’ancien bien qui lui est payable après la fin de l’année donnée et qu’il est raisonnable de considérer comme une fraction du montant calculé selon le sous-alinéa (i) relativement au bien, (B) le produit de la multiplication de 1/5 du montant calculé selon le sous-alinéa (i) relativement au bien par l’excédent de 4 sur le nombre minus d’années d’imposition antérieures du contribuable se terminant après la disposition du bien; f) le coût pour lui ou, dans le cas d’un bien amortissable, le coût en capital pour le contribuable, de son bien de remplacement, à tout moment postérieur à celui de la disposition de son ancien bien, est réputé être : (i) le coût pour lui, ou, dans le cas d’un bien amortissable, le coût en capital pour le contribuable, de son bien de remplacement, calculé par ailleurs, moins : (ii) l’excédent éventuel de l’excédent calculé conformément à la division e)(i)(A) sur l’excédent calculé en vertu de la division e)(i)(B). COVID — suspension du délai (1.01) Pour l’application des alinéas (1)c) et d), la période commençant le 15 mars 2020 et se terminant le 12 mars 2022 n’est pas prise en compte. Disposition d’un bien en faveur d’un enfant (1.1) Pour le calcul de la somme que le contribuable peut demander à titre de déduction, selon le sous-alinéa (1)e)(iii), dans le calcul de son gain tiré de la disposition de son ancien bien, les mentions « 1/5 » et « 4 » au sous-alinéa en cause sont respectivement remplacées par « 1/10 » et « 9 » si cet ancien bien est un bien immeuble ou réel à l’égard de la disposition duquel, par l’effet du paragraphe 73(3.1) se sont appliquées, par l’effet du paragraphe 73(3), au contribuable et à un enfant du contribuable. Moment de la disposition du bien et de la réception du produit
For the purposes of paragraph 53(2)(h), subparagraph (c)(i) of the definition exempt amount in subsection 94(1), subsection 107(1), paragraph (j) of the definition excluded right or interest in subsection 128.1(10) and paragraph (b) of the definition personal trust in subsection 248(1), (a) an interest in a trust is deemed not to be acquired for consideration solely because it was acquired in satisfaction of any right as a beneficiary under the trust to enforce payment of an amount by the trust; and (b) if all the beneficial interests in a particular trust acquired by way of the transfer, assignment or other disposition of property to the particular trust were acquired by (ii) two or more persons who would be related to each other if (A) a trust and another person were related to each other, where the other person is a beneficiary under the trust or is related to a beneficiary under the trust, and (B) a trust and another trust were related to each other, where a beneficiary under the trust is a beneficiary under the other trust or is related to a beneficiary under the other trust, any beneficial interest in the particular trust acquired by such a person is deemed to have been acquired for no consideration.
Pour l’application de la présente loi, le moment où un contribuable a disposé d’un bien dont le produit de disposition est visé aux alinéas b), c) ou d) de la définition de produit de disposition au paragraphe 13(21) ou aux alinéas b), c) ou d) de la définition de produit de disposition à l’article 54, ainsi que le moment où une somme, au titre de ce produit de disposition, est devenue tion 70 or paragraph 128.1(4)(b) to have disposed of Where s. 70(3) does not apply ferred to in paragraph (b), (c) or (d) of the definition pro- ceeds of disposition in subsection 13(21) or paragraph (b), (c) or (d) of the definition proceeds of disposition
specified person, at any time, means a qualifying person that meets the following conditions: (a) it is not a Canadian-controlled private corporation; (b) if the qualifying person is a member of a group that annually prepares consolidated financial statements, the total consolidated group revenue reflected in the last consolidated financial statements of the group presented to shareholders or unitholders — of the member of the group that would be the ultimate parent entity, as defined in subsection 233.8(1), of the group if the group were a multinational enterprise group, as defined in subsection 233.8(1) — before that time exceeds $500 million; and (c) if paragraph (b) does not apply, it has gross revenue in excess of $500 million based on (i) the amounts reflected in the financial statements of the qualifying person presented to the shareholders or unitholders of the qualifying person for the last fiscal period of the qualifying person that ended before that time, (ii) if subparagraph (i) does not apply, the amounts reflected in the financial statements of the qualifying person presented to the shareholders or unitholders of the qualifying person for the last fiscal period of the qualifying person that ended before the end of the last fiscal period referred to in subparagraph (i), and (iii) if subparagraph (i) does not apply and financial statements were not presented as described in subparagraph (ii), the amounts that would have been reflected in the annual financial statements of the qualifying person for the last fiscal period of the qualifying person that ended before that time, if such statements had been prepared in accordance with generally accepted accounting principles. (personne déterminée) vesting year, of a security to be acquired under an agreement, means (a) if the agreement specifies the calendar year in which the taxpayer’s right to acquire the security first becomes exercisable (otherwise than as a consequence of an event that is not reasonably foreseeable at the time the agreement is entered into), that calendar year; and (b) in any other case, the calendar year in which the right to acquire the security would become exercisable if the agreement had specified that all identical rights to acquire securities become exercisable on a pro rata basis over the period that (i) begins on the day that the agreement was entered into, and (ii) ends on the day that is the earlier of (A) the day that is 60 months after the day the agreement is entered into, and (B) the last day that the right to acquire the security could become exercisable under the agreement. (année de dévolution) Deductions permitted
For the purpose of computing the taxable income of a taxpayer for a taxation year, there may be deducted such of the following amounts as are applicable (d) an amount equal to 1/2 of the amount of the benefit deemed by subsection 7(1) to have been received by the taxpayer in the year in respect of a security (other than a security that is a non-qualified security) that a particular qualifying person has agreed after February 15, 1984 to sell or issue under an agreement, in respect of the transfer or other disposition of rights under the agreement or as a result of the death of the taxpayer because the taxpayer immediately before death owned a right to acquire the security under the agreement, if (i) the security was acquired under the agreement (A) by the taxpayer or a person not dealing at arm’s length with the taxpayer in circumstances described in paragraph 7(1)(c), or (B) in the case of a benefit deemed by paragraph 7(1)(e) to have been received by the taxpayer, within the first taxation year of the graduated rate estate of the taxpayer, by (l) the graduated rate estate of the taxpayer, (II) a person who is a beneficiary (as defined in subsection 108(1)) under the graduated rate estate of the taxpayer, or (III) a person in whom the rights of the taxpayer under the agreement have vested as a result of the death, (A) is a prescribed share at the time of its sale or issue, as the case may be, (B) would have been a prescribed share if it were issued or sold to the taxpayer at the time the taxpayer disposed of rights under the agreement, (B.1) in the case of a benefit deemed by paragraph 7(1)(e) to have been received by the taxpayer, would have been a prescribed share if it were issued or sold to the taxpayer immediately before the death of the taxpayer, (C) would have been a unit of a mutual fund trust at the time of its sale or issue if the units issued by the trust that were not identical to the security had not been issued, (D) would have been a unit of a mutual fund trust if (I) it were issued or sold to the taxpayer at the time the taxpayer disposed of rights under the agreement, and (II) those units issued by the trust that were not identical to the security had not been issued, or (E) in the case of a benefit deemed by paragraph 7(1)(e) to have been received by the taxpayer, would have been a unit of a mutual fund trust if (I) it were issued or sold to the taxpayer immediately before the death of the taxpayer, and (II) those units issued by the trust that were not identical to the security had not been issued, (ii) where rights under the agreement were not acquired by the taxpayer as a result of a disposition of rights to which subsection 7(1.4) applied, (A) the amount payable by the taxpayer to acquire the security under the agreement is not less than the amount by which (I) the fair market value of the security at the time the agreement was made (II) the amount, if any, paid by the taxpayer to acquire the right to acquire the security, and (B) at the time immediately after the agreement was made, the taxpayer was dealing at arm’s length with (I) the particular qualifying person, (II) each other qualifying person that, at the time, was an employer of the taxpayer and was not dealing at arm’s length with the particular qualifying person, and (III) the qualifying person of which the taxpayer had, under the agreement, a right to acquire a security, and (iii) where rights under the agreement were acquired by the taxpayer as a result of one or more dispositions to which subsection 7(1.4) applied, (A) the amount payable by the taxpayer to acquire the security under the agreement is not less than the amount that was included, in respect of the security, in the amount determined under subparagraph 7(1.4)(c)(ii) with respect to the most recent of those dispositions, (B) at the time immediately after the agreement the rights under which were the subject of the first of those dispositions (in this subparagraph referred to as the “original agreement”) was made, the taxpayer was dealing at arm’s length with (I) the qualifying person that made the original agreement, (II) each other qualifying person that, at the time, was an employer of the taxpayer and was not dealing at arm’s length with the qualifying person that made the original agreement, and (III) the qualifying person of which the taxpayer had, under the original agreement, a right to acquire a security, (C) the amount that was included, in respect of each particular security that the taxpayer had a right to acquire under the original agreement, in the amount determined under subparagraph 7(1.4)(c)(iv) with respect to the first of those dispositions was not less than the amount by which (I) the fair market value of the particular security at the time the original agreement was made (II) the amount, if any, paid by the taxpayer to acquire the right to acquire the security, and (D) for the purpose of determining if the condition in paragraph 7(1.4)(c) was satisfied with respect to each of the particular dispositions following the first of those dispositions, (I) the amount that was included, in respect of each particular security that could be acquired under the agreement the rights under which were the subject of the particular disposition, in the amount determined under subparagraph 7(1.4)(c)(iv) with respect to the particular disposition was not less than (II) the amount that was included, in respect of the particular security, in the amount determined under subparagraph 7(1.4)(c)(ii) with respect to the last of those dispositions preceding the particular disposition; (d.01) subject to subsection (2.1), if the taxpayer disposes of a security acquired in the year by the taxpayer under an agreement referred to in subsection 7(1) by making a gift of the security to a qualified donee, an amount in respect of the disposition of the security equal to 1/2 of the lesser of the benefit deemed by paragraph 7(1)(a) to have been received by the taxpayer in the year in respect of the acquisition of the security and the amount that would have been that benefit had the value of the security at the time of its acquisition by the taxpayer been equal to the value of the security at the time of the disposition, if (i) the security is a security described in subparagraph 38(a.1)(i), (iii) the gift is made in the year and on or before the day that is 30 days after the day on which the taxpayer acquired the security, and (d.1) where the taxpayer (i) is deemed, under paragraph 7(1)(a) by virtue of subsection 7(1.1), to have received a benefit in the year in respect of a share acquired by the taxpayer after May 22, 1985, (ii) has not disposed of the share (otherwise than as a consequence of the taxpayer's death) or exchanged the share within two years after the date the taxpayer acquired it, and (iii) has not deducted an amount under paragraph 110(1)(d) in respect of the benefit in computing the taxpayer's taxable income for the year, an amount equal to 1/2 of the amount of the benefit; Prospector's and grubstaker's shares (d.2) where the taxpayer has, under paragraph 35(1)(d), included an amount in the taxpayer's income for the year in respect of a share received after May 22, 1985, an amount equal to 1/2 of that amount unless that amount is exempt from income tax in Canada by reason of a provision contained in a tax convention or agreement with another country that has the force of law in Canada; Employer's shares (d.3) where the taxpayer has, under subsection 147(10.4), included an amount in computing the taxpayer's income for the year, an amount equal to 1/2 of that amount; Employer deduction — non-qualified securities (e) an amount equal to the amount of the benefit in respect of employment with the taxpayer deemed by subsection 7(1) to have been received by an individual in the year in respect of a non-qualified security of the taxpayer (or a qualifying person that does not deal at arm's length with the taxpayer) has agreed to sell or issue under an agreement with the individual, if (i) the taxpayer is a qualifying person, (ii) at the time the agreement was entered into, the individual was an employee of the taxpayer, (iii) the amount is not claimed as a deduction in computing the taxable income of another qualifying person, (iv) an amount would have been deductible in computing the taxable income of the individual under paragraph (d) if the security were not a non-qualified security, (v) in the case of an individual who is not resident in Canada throughout the year, the benefit deemed by subsection 7(1) to have been received by the individual was included in computing the taxable income earned in Canada of the individual for the year, and (vi) the notification requirements in subsection (1.9) are met in respect of the security; Deductions for payments (f) any social assistance payment made on the basis of a means, needs or income test and included because of clause 56(1)(a)(i)(A) or paragraph 56(1)(u) in computing the taxpayer’s income for the year or any amount that is (i) an amount exempt from income tax in Canada because of a provision contained in a tax convention or agreement with another country that has the force of law in Canada, (ii) compensation received under an employees’ or workers’ compensation law of Canada or a province in respect of an injury, disability or death, except any such compensation received by a person as the employer or former employer of the person in respect of whose injury, disability or death the compensation was paid, (iii) income from employment with a prescribed international organization, (iv) the taxpayer’s income from employment with a prescribed international non-governmental organization, where the taxpayer (A) was not, at any time in the year, a Canadian citizen, (B) was a non-resident person immediately before beginning that employment in Canada, and (C) if the taxpayer is resident in Canada, became resident in Canada solely for the purpose of that employment, or (A) the employment income earned by the taxpayer as a member of the Canadian Forces, or as a police officer, while serving on a deployed international operational mission (as determined by the Minister of National Defence, the Minister of Public Safety and Emergency Preparedness or by a person designated by either Minister), and (B) the employment income that would have been so earned by the taxpayer if the taxpayer had been paid at the maximum rate of pay that applied, from time to time during the mission, to a Lieutenant-Colonel (General Service Officers) of the Canadian Forces, to the extent that it is included in computing the taxpayer’s income for the year; (g) any amount that (i) is received by the taxpayer in the year under a program referred to in subparagraph 56(1)(r)(ii) or (iii), a program established under the authority of the Department of Employment and Social Development Act or a prescribed program, (ii) is financial assistance for the payment of tuition fees of the taxpayer that are not included in computing an amount deductible under subsection 118.5(1) in computing the taxpayer’s tax payable under this Part for any taxation year, (iii) is included in computing the taxpayer’s income for the year, and (iv) is not otherwise deductible in computing the taxpayer’s taxable income for the year; (h) 35 per cent of the total of all benefits (in this paragraph referred to as “U.S. social security benefits”) that are received by the taxpayer in the taxation year and to which paragraph 5 of Article XVIII of the Convention between Canada and the United States of America with respect to Taxes on Income and on Capital as set out in Schedule I to the Canada-United States Tax Convention Act, 1984, S.C. 1984, c. 20, applies, if (i) the taxpayer has continuously during a period that begins before 1996 and ends in the taxation year, been resident in Canada, and has received U.S. social security benefits in each taxation year that ends in that period, or (ii) in the case where the benefits are payable to the taxpayer in respect of a deceased individual, (A) the taxpayer was, immediately before the deceased individual's death, the deceased individual's spouse or common-law partner, (B) the taxpayer has continuously during a period that begins at the time of the deceased individual's death and ends in the taxation year, been resident in Canada, (C) the deceased individual was, in respect of the taxation year in which the deceased individual died, a taxpayer described in subparagraph (i), and (D) in each taxation year that ends in a period that begins before 1996 and that ends in the taxation year, the taxpayer, the deceased individual, or both of them, received U.S. social security benefits.
montant à recevoir par le contribuable, est réputé être le premier des moments suivants : a) le jour où le contribuable a convenu d’un montant devant lui être versé à titre d’indemnité totale pour le bien perdu, détruit, pris ou vendu; b) lorsqu’une poursuite, un appel ou quelque autre procédure a été engagée devant un ou plusieurs tribu- naux compétents, le jour où l’indemnité à verser au contribuable pour le bien est fixée de façon définitive par ces tribunaux; c) lorsqu’une poursuite, un appel ou quelque autre procédure visée à l’alinéa b) n’a pas été engagée de- vant un tribunal compétent au cours des deux années suivant la perte, la destruction ou la prise du bien, deux années exactement après le jour où il a été pris, perdu ou détruit; d) le moment où le contribuable est réputé, aux termes de l’article 70 ou de l’alinéa 128.1(4)b), avoir disposé du bien; e) s’il s’agit d’une société autre qu’une société affi- liée visée au paragraphe 88(1), le moment qui pré- cède la liquidation de la société. En outre, le contribuable est réputé avoir possédé le bien d’une façon continue jusqu’au moment ainsi déterminé. Non-application du par. 70(3)
(k) the amount determined by multiplying the taxpayer's tax payable under subsection 191.1(1) for the year by (i) if the taxation year ends before 2010, 3, (ii) if the taxation year ends after 2009 and before 2012, 3.2, and (iii) if the taxation year ends after 2011, 3.5. Election by particular qualifying person (1.1) For the purpose of computing the taxable income of a taxpayer for a taxation year, paragraph (1)(d) shall be read without reference to its subparagraph (i) in respect of a right granted to the taxpayer under an agreement to sell or issue securities referred to in subsection 7(1) if (a) the particular qualifying person elects in prescribed form that neither the particular qualifying person nor any person not dealing at arm’s length with the particular qualifying person will deduct in computing its income for a taxation year any amount (other than a designated amount described in subsection (1.2)) in respect of a payment to or for the benefit of a taxpayer for the taxpayer’s transfer or disposition of that right; (b) the particular qualifying person files the election with the Minister; (c) the particular qualifying person provides the taxpayer or, if the taxpayer is deceased, the graduated rate estate of the taxpayer, with evidence in writing of the election; and (d) the taxpayer or, if the taxpayer is deceased, the graduated rate estate of the taxpayer, files the evidence with the Minister with the taxpayer’s return of income for the year in which a deduction under paragraph (1)(d) is claimed. Designated amount (1.2) For the purposes of subsections (1.1) and (1.44), an amount is a designated amount if the following conditions are met: (a) the amount would otherwise be deductible in computing the income of the particular qualifying person in the absence of subsections (1.1) and (1.44); (b) the amount is payable to a person (i) with whom the particular qualifying person deals at arm’s length, and (ii) who is neither an employee of the particular qualifying person nor of any person not dealing at arm’s length with the particular qualifying person; and (c) the amount is payable in respect of an arrangement entered into for the purpose of managing the particular qualifying person’s financial risk associated with a potential increase in value of the securities under the agreement described in subsection (1.1) or (1.44). (1.3) Subsection (1.31) applies to a taxpayer in respect of an agreement if (a) a particular qualifying person agrees to sell or issue securities of the particular qualifying person (or another qualifying person that does not deal at arm’s length with the particular qualifying person) to the taxpayer under the agreement; (b) at the time the agreement is entered into (in this subsection and subsection (1.31) referred to as the “relevant time”), the taxpayer is an employee of the particular qualifying person or of a qualifying person that does not deal at arm’s length with the particular qualifying person; and (c) at the relevant time, any of the following persons is a specified person: (i) the particular qualifying person, (ii) the other qualifying person, if any, referred to in paragraph (a), or (iii) the other qualifying person, if any, referred to in paragraph (b). Annual vesting limit (1.31) If this subsection applies to a taxpayer in respect of an agreement, the securities to be sold or issued under the agreement, for each vesting year of those securities, are deemed to be non-qualified securities for the purposes of this section in the proportion determined by the formula A is the amount determined by the formula C is the total of all amounts each of which is the fair market value at the relevant time of each security under the agreement that has that same vesting year, and D is the lesser of (b) the total of all amounts each of which is an amount determined for C in respect of securities that have that same vesting year under agreements (other than the agreement) entered into at or before the relevant time with the particular qualifying person referred to in subsection (1.3) (or another qualifying person that does not deal at arm’s length with the particular qualifying person), other than (i) securities designated under subsection (1.4), (ii) old securities (within the meaning of subsection 7(1.4)), (iii) securities where the right to acquire those securities is an old right (within the meaning of subsection (1.7)), and (iv) securities in respect of which (A) the right to acquire those securities has expired, or has been cancelled, before the relevant time, and (B) no amount is deductible under paragraph (1)(d) in computing the taxable income of the taxpayer for any year; and B is the amount determined for C. Non-qualified security designation (1.4) If subsection (1.31) applies to a taxpayer in respect of an agreement and the particular qualifying person referred to in paragraph (1.3)(a) designates one or more securities to be sold or issued under the agreement as non-qualified securities, the following rules apply: (a) those securities are deemed to be non-qualified securities for the purposes of this section; and (b) the particular qualifying person may not elect under subsection (1.1) in respect of a right to acquire those securities. Ordering of acquisition of securities (1.41) If a taxpayer acquires a security under an agreement and the acquired security could be a security that is not a non-qualified security, the security is to be considered a security that is not a non-qualified security for the purposes of this section. (1.42) If two or more agreements to sell or issue options are entered into at the same time and the particular qualifying person referred to in subsection (1.3) designates the order of the agreements, then the agreements are deemed to have been entered into in that order for the purposes of paragraph (b) of the description of D in subsection (1.31). (1.43) Subsection (1.44) applies in respect of a taxpayer’s right to acquire a security under an agreement if (a) subsection (1.31) applies to the taxpayer in respect of the agreement; (b) the security is not a non-qualified security; and (c) a payment is made to or for the benefit of the taxpayer for the taxpayer’s transfer or disposition of the right. Cash-out — securities not designated as non-qualified (1.44) If this subsection applies in respect of a taxpayer’s right to acquire a security under an agreement (a) no qualifying person may deduct, in computing its income for a taxation year, an amount (other than a designated amount described in subsection (1.2)) in respect of the payment referred to in paragraph (1.43)(c); and (a) the amount payable by a taxpayer to acquire a security under an agreement referred to in subsection 7(1) shall be determined without reference to any change in the value of a currency of a country other than Canada, relative to Canadian currency, occurring after the agreement was made; (b) the fair market value of a security at the time an agreement in respect of the security was made shall be determined on the assumption that all specified events associated with the security that occurred after the agreement was made and before the sale or issue of the security or the disposition of the taxpayer’s rights under the agreement in respect of the security, as the case may be, had occurred immediately before the agreement was made; and (c) in determining the amount that was included, in respect of a security that a qualifying person has agreed to sell or issue to a taxpayer, in the amount determined under subparagraph 7(1.4)(c)(ii) for the purpose of determining if the condition in paragraph 7(1.4)(c) was satisfied with respect to a particular disposition, an assumption shall be made that all specified events associated with the security that occurred after the particular disposition and before the sale or issue of the security or the taxpayer’s subsequent disposition of rights under the agreement in respect of the security, as the case may be, had occurred immediately before the particular disposition. (1.6) For the purpose of subsection (1.5), a specified event associated with a security is (a) where the security is a share of the capital stock of a corporation, (ii) a reorganization of share capital of the corporation, and (iii) a stock dividend of the corporation; and (b) where the security is a unit of a mutual fund trust, (ii) an issuance of units of the trust as payment, or in satisfaction of a person’s right to enforce payment, out of the trust’s income (determined before the application of subsection 104(6)) or out of the trust’s capital gains. Reduction in exercise price (1.7) If the amount payable by a taxpayer to acquire securities under an agreement referred to in subsection 7(1) is reduced at any particular time and the conditions in subsection (1.8) are satisfied in respect of the reduction, (a) the rights (referred to in this subsection and subsection (1.8) as the “old rights”) that the taxpayer had under the agreement immediately before the particular time are deemed to have been disposed of by the taxpayer immediately before the particular time; (b) the rights (referred to in this subsection and subsection (1.8) as the “new rights”) that the taxpayer has under the agreement at the particular time are deemed to be acquired by the taxpayer at the particular time; and (c) the taxpayer is deemed to receive the new rights as consideration for the disposition of the old rights. (1.8) The following are the conditions in respect of the reduction: (a) that the taxpayer would not be entitled to a deduction under paragraph (1)(d) if the taxpayer acquired securities under the agreement immediately after the particular time and this section were read without reference to subsection (1.7); and (b) that the taxpayer would be entitled to a deduction under paragraph (1)(d) if the taxpayer (i) disposed of the old rights immediately before the particular time, (ii) acquired the new rights at the particular time as consideration for the disposition, and (iii) acquired securities under the agreement immediately after the particular time. (1.9) If a security to be issued or sold under an agreement between an employee and a qualifying person is a non-qualified security, the employer of the employee shall (a) notify the employee in writing that the security is a non-qualified security no later than 30 days after the day that the agreement is entered into; and (b) notify the Minister in prescribed form that the security is a non-qualified security on or before the filing-due date for the taxation year of the qualifying person that includes the time that the agreement is entered into.
Le paragraphe 70(3) ne s’applique pas à l’indemnité visée aux alinéas b), c) ou d) de la définition de produit de disposition au paragraphe 13(21) ou aux alinéas b), c) ou d) de la définition de produit de disposition à l’article 54 et qui a été transférée ou distribuée aux béné- ficiaires ou à d’autres personnes ayant un intérêt bénéfi- ciaire sur une succession ou une fiducie. Choix présumé
Where an individual is, during a taxation year, a member of a religious order and has, as such, taken a vow of perpetual poverty, the individual may deduct in computing the individual’s taxable income for the year an amount equal to the total of the individual’s superannuation or pension benefits and the individual’s earned income for the year (within the meaning assigned by section 63) if, on the individual’s income, that amount is paid in the year to the order. (2.1) Where a taxpayer, in exercising a right to acquire a security that a particular qualifying person has agreed to sell or issue to the taxpayer under an agreement referred to in subsection 7(1), directs a broker or dealer appointed or approved by the particular qualifying person (or by a qualifying person that does not deal at arm’s length with the particular qualifying person) to immediately dispose of the security and pay all or a portion of the proceeds of disposition of the security to a qualified donee, (a) if the payment is a gift, the taxpayer is deemed, for the purpose of paragraph (1)(d.01), to have disposed of the security by making a gift of the security to the qualified donee at the time the payment is made; and (b) the amount deductible under paragraph (1)(d.01) by the taxpayer in respect of the disposition of the security is the amount determined by the formula A is the amount that would be deductible under paragraph (1)(d.01) in respect of the disposition of the security if this subsection were read without reference to this paragraph, B is the amount of the payment, and C is the amount of the proceeds of disposition of the security. Deduction for gifts
Lorsqu’un ancien bien d’un contribuable était un bien amortissable qui lui appartenait : a) s’il a fait un choix à l’égard du bien en vertu du
(a) the total of all amounts each of which is the eligible amount of a gift (other than a gift described in paragraph (c)) made by the corporation in the year or in any of the five preceding taxation years to a qualified donee, not exceeding the lesser of the corporation’s income for the year and the amount determined by the formula A is the total of all amounts each of which is the eligible amount of a gift (other than a gift described in paragraph (c)) made by the corporation in the year or in any of the five preceding taxation years to a qualified donee, not exceeding the lesser of the corporation’s income for the year and the amount determined by the formula A is the amount that would be deductible under paragraph (1)(d.01) in respect of the disposition of the security if this subsection were read without reference to this paragraph, B is the amount of the payment, and C is the amount of the proceeds of disposition of the security. is the corporation’s income for the year computed without reference to subsection 137(2), is the total of all amounts, each of which is that proportion of the corporation’s taxable capital gain for the taxation year in respect of a gift made by the corporation in the taxation year (in respect of which gift an eligible amount is described in this paragraph for the taxation year) that the eligible amount of the gift is of the corporation’s proceeds of disposition in respect of the gift, is the total of all amounts each of which is a taxable capital gain of the corporation for the year, because of subsection 40(1.01), from a disposition of a property in a preceding taxation year, and is the total of all amounts each of which is determined in respect of the corporation’s depreciable property of a prescribed class and equal to the lesser of (A) the amount included under subsection 13(1) in respect of the class in computing the corporation’s income for the year, and (B) the total of all amounts each of which is determined in respect of a disposition that is the making of a gift of property of the class by the corporation in the year (in respect of which gift an eligible amount is described in this paragraph for the taxation year) equal to the lesser of (I) that proportion, of the amount by which the proceeds of disposition of the property exceeds any outlays and expenses, to the extent that they were made or incurred by the corporation for the purpose of making the disposition, that the eligible amount of the gift is of the corporation’s proceeds of disposition in respect of the gift, and (II) that proportion, of the capital cost to the corporation of the property, that the eligible amount of the gift is of the corporation’s proceeds of disposition in respect of the gift; (c) the total of all amounts each of which is the eligible amount of a gift (other than a gift described in paragraph (d)) of an object that the Canadian Cultural Property Export Review Board has determined meets the criterion set out in paragraph 29(3)(b) of the *Cultural Property Export and Import Act,* which gift was made by the corporation in the year or in any of the five preceding taxation years to an institution or a public authority in Canada that was, at the time the gift was made, designated under subsection 32(2) of that Act either generally or for a specified purpose related to that object; and (d) the total of all amounts each of which is the eligible amount of a gift of land (including a covenant or an easement to which land is subject or, in the case of land in the Province of Quebec, a personal servitude (the rights to which the land is subject and which has a term of not less than 100 years) or a real servitude) if (i) the fair market value of the gift is certified by the Minister of the Environment, (ii) the land is certified by that Minister, or by a person designated by that Minister, to be ecologically sensitive land, the conservation and protection of which is, in the opinion of that Minister or the designated person, important to the preservation of Canada’s environmental heritage, and (iii) the gift was made by the corporation in the year or in any of the 10 preceding taxation years to a qualified donee that is (B) a municipality in Canada that is approved by that Minister or the designated person in respect of the gift, (C) a municipal or public body performing a function of government in Canada that is approved by that Minister or the designated person in respect of the gift, or (D) a registered charity (other than a private foundation) one of the main purposes of which is, in the opinion of that Minister, the conservation and protection of Canada’s environmental heritage, and that is approved by that Minister or the designated person in respect of the gift. (1.1) For the purpose of determining the amount deductible under subsection 110.1(1) in computing a corporation’s taxable income for a taxation year, Restriction (a) an amount in respect of a gift is deductible only to the extent that it exceeds amounts in respect of the gift deducted under that subsection in computing the corporation’s taxable income for preceding taxation years; and (b) no amount in respect of a gift made in a particular taxation year is deductible under any of paragraphs 110.1(1)(a) to (d) until amounts deductible under that paragraph in respect of gifts made in taxation years preceding the particular year have been deducted. Where control acquired (1.2) Notwithstanding paragraph 88(1)(e.6), if control of a particular corporation is acquired at any time by a person or group of persons, (a) no amount is deductible under any of paragraphs (1)(a) to (d) in computing any corporation’s taxable income for a taxation year that ends on or after that time in respect of a gift made by the particular corporation before that time; and (b) no amount is deductible under any of paragraphs (1)(a) to (d) in computing any corporation’s taxable income for a taxation year that ends on or after that time in respect of a gift made by any corporation on or after that time if the property that is the subject of the gift was acquired by the particular corporation under an arrangement under which it was expected that control of the particular corporation would be so acquired by a person or group of persons, other than a qualified donee that received the gift, and the gift would be so made.
An eligible amount of a gift shall not be included for the purpose of determining a deduction under subsection (1) unless the making of the gift is evidenced by filing with the Minister (a) a receipt for the gift that contains prescribed information; (b) in the case of a gift described in paragraph (1)(c), the certificate issued under subsection 33(1) of the Cultural Property Export and Import Act; and (c) in the case of a gift described in paragraph (1)(d), both certificates referred to in that paragraph. (a) a corporation makes a gift at any time of (ii) in the case of a corporation not resident in Canada, real or immovable property situated in Canada to a prescribed donee who provides an undertaking, in a form satisfactory to the Minister, to the effect that the property will be held for use in the public interest; and (b) the fair market value of the property otherwise determined at that time exceeds (i) in the case of depreciable property of a prescribed class, the lesser of the undepreciated capital cost of that class at the end of the taxation year of the corporation that includes that time (determined without reference to the proceeds of disposition designated in respect of the property under subsection (3)) and the adjusted cost base to the corporation of the property immediately before that time, (ii) in any other case, the adjusted cost base to the corporation of the property immediately before that time.
b) s’il a fait un choix à l’égard du bien en vertu du
If this subsection applies in respect of a gift by a corporation of property, and the corporation designates an amount in respect of the gift in its return of income under section 150 for the year in which the gift is made, the amount so designated is deemed to be its proceeds of disposition of the property and, for the purpose of subsection 248(31), the fair market value of the gift, but the amount so designated may not exceed the fair market value of the property otherwise determined and may not be less than the greater of (a) in the case of a gift made after December 20, 2002, the amount of the advantage, if any, in respect of the gift, and (b) the amount determined under subparagraph (2.1)(b)(i) or (ii), as the case may be, in respect of the property. Gifts made by partnership
If at the end of a fiscal period of a partnership a corporation is a member of the partnership, its share of any amount that would, if the partnership were a person, be the eligible amount of a gift made by the partnership to any donee is, for the purpose of this section, deemed to be the eligible amount of a gift made to the donee by the corporation in its taxation year in which the fiscal period of the partnership ends.
Replacement property Deemed proceeds of disposition exceed Bien de remplacement
For the purposes of applying subparagraph 69(1)(b)(ii), this section and section 207.31 in respect of a gift described in paragraph (1)(d) that is made by a taxpayer, the amount that is the fair market value (or, for the purpose of subsection (3), the fair market value otherwise determined) of the gift at the time the gift was made and, subject to subsection (3), the taxpayer’s proceeds of disposition of the gift, is deemed to be the amount determined by the Minister of the Environment to be (a) where the gift is land, the fair market value of the gift; or (b) where the gift is a covenant or an easement to which land is subject or, in the case of land in the Province of Quebec, a real or personal servitude, the greater of (i) the fair market value otherwise determined of the gift, and (ii) the amount by which the fair market value of the land is reduced as a result of the making of the gift. Non-qualifying securities
Pour l’application du présent article, une immobilisation d’un contribuable est un bien servant de remplacement à un ancien bien dont il était propriétaire si les conditions suivantes sont réunies : a) il est raisonnable de conclure qu’il l’a acquise en remplacement de l’ancien bien; a.1) elle a été acquise par lui et utilisée par lui, ou par une personne qui lui est liée, pour un usage identique ou semblable à celui qu’il a fait de l’ancien bien ou qu’une telle personne en a fait; b) dans le cas où le contribuable ou une personne qui lui est liée utilisait l’ancien bien en vue de tirer un revenu d’une entreprise, l’immobilisation a été acquise en vue de tirer un revenu de cette entreprise ou d’une entreprise semblable ou pour une personne liée au contribuable l’utilise à cette fin; c) si l’ancien bien était un bien canadien imposable, l’immobilisation en est un; d) si l’ancien bien était un bien canadien imposable (sauf un bien protégé par traité), l’immobilisation en est un (sauf un bien protégé par traité). Produit de disposition réputé
Subsections 118.1(13) to (14) and (16) to (20) apply to a corporation as if the references in those subsections to an individual were read as references to a corporation and as if a non-qualifying security of a corporation included a share (other than a share listed on a designated stock exchange) of the capital stock of the corporation.
Lorsqu’un contribuable a disposé d’un bien qui était un ancien bien d’entreprise constitué en partie d’un bâtiment et en partie de fonds de terre (ou d’un droit sur ces fonds ou un intérêt ou, pour le droit civil, un droit sur ces fonds de terre), pour l’application de la présente sous-section, l’excédent : a) du produit de disposition d’une telle partie, calculé comme tenu du présent paragraphe, sur : b) le prix de base rajusté pour lui de cette même partie, est, dans la mesure où le contribuable fait un choix en ce sens dans sa déclaration de revenu produite en vertu de la présente partie pour l’année au cours de laquelle il a acquis un bien de remplacement pour l’ancien bien d’entreprise, réputé ne pas être le produit de disposition de cette partie et est réputé être le produit de disposition de l’autre partie. Where subpara. (1)(e)(iii) does not apply Application of s. 70(10) NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations. R.S., 1985, c. 1 (5th Supp.), s. 44; 1994, c. 7, Sch. II, s. 4, c. 21, s. 15; 1996, c. 21, s. 12; 1998, c. 19, s. 109; 1999, c. 22, s. 122; 2001, c. 17, s. 28; 2007, c. 2, s. 5; 2013, c. 34, ss. 104, 186, c. 40, s. 206(1); 2023, c. 26, s. 5(F); 2024, c. 17, s. 8. Definitions D × (E/F) where Non-application du sous-alinéa (1)(e)(iii)
If, but for this subsection, a corporation (other than a corporation that was a predecessor corporation in an amalgamation to which subsection 87(1) applied or a corporation that was wound up in a winding-up to which subsection 88(1) applied) would be deemed by subsection 118.1(13) to have made a gift after the corporation ceased to exist, for the purpose of this section, the corporation is deemed to have made the gift in its last taxation year, except that the amount of interest payable under any provision of this Act is the amount that it would be if this subsection did not apply to the gift.
Le sous-alinéa (1)(e)(iii) ne s’applique pas de manière à permettre à un contribuable de demander la déduction d’une somme dans le calcul d’un gain pour une année d’imposition lorsque, selon le cas : a) le contribuable, à la fin de l’année ou à un moment donné au cours de l’année suivante, n’était pas un résident du Canada ou était exonéré de l’impôt en vertu des dispositions de la présente partie; b) la personne en faveur de qui il a été disposé de l’ancien bien était une société qui, immédiatement après la disposition : (i) soit était contrôlée, directement ou indirectement, de quelque manière que ce soit, par le contribuable, (ii) soit était contrôlée, directement ou indirectement, de quelque manière que ce soit, par une personne ou un groupe de personnes par qui le contribuable était contrôlé, directement ou indirectement, de quelque manière que ce soit, (iii) soit contrôlait le contribuable, directement ou indirectement, de quelque manière que ce soit, lorsque le contribuable est une société; c) il a été disposé de l’ancien bien du contribuable en faveur d’une société de personnes dont le contribuable était, immédiatement après la disposition, un associé détenant une participation majoritaire. Application du par. 70(10)
Subject to subsections (12) and (13), if a corporation has granted an option to a qualified donee in a taxation year, no amount in respect of the option is to be included in computing an amount under any of paragraphs (1)(a) to (d) in respect of the corporation for any year. (a) an option to acquire a property of a corporation is granted to a qualified donee; (b) the option is exercised so that the property is disposed of by the corporation and acquired by the qualified donee at a particular time; and (c) either (i) the amount that is 80% of the fair market value of the property at the particular time is greater than or equal to the total of (A) the consideration received by the corporation from the qualified donee for the property, (B) the consideration received by the corporation from the qualified donee for the option, or (ii) the corporation establishes to the satisfaction of the Minister that the granting of the option or the disposition of the property was made by the corporation with the intention to make a gift to the qualified donee. (a) the corporation is deemed to have received proceeds of disposition of the property equal to the property’s fair market value at the particular time; and (b) there shall be included in the total referred to in paragraph (1)(a), for the corporation’s taxation year that includes the particular time, the amount by which the property’s fair market value exceeds the total described in subparagraph (11)(c)(i).
Les définitions figurant au paragraphe 70(10) s’appliquent au présent article. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés. L.R. (1985), ch. 1 (5e suppl.), art. 44; 1994, ch. 7, ann. II, art. 4, ch. 21, art. 15; 1996, ch. 21, art. 12; 1998, ch. 19, art. 109; 1999, ch. 22, art. 122; 2001, ch. 17, art. 28; 2007, ch. 2, art. 5; 2013, ch. 34, art. 104 et 186, ch. 40, art. 206(1); 2023, ch. 26, art. 5(F); 2024, ch. 17, art. 8.] Définitions
If an option to acquire a particular property of a corporation is granted to a qualified donee and the option is disposed of by the qualified donee (otherwise than by the exercise of the option) at a particular time (a) the corporation is deemed to have disposed of a property at the particular time (i) the adjusted cost base of which to the corporation immediately before the particular time is equal to the consideration, if any, paid by the qualified donee for the option, and (ii) the proceeds of disposition of which are equal to the lesser of the fair market value of the particular property at the particular time and the fair market value of any consideration (other than a non-qualifying security of any person) received by the qualified donee for the option; and (b) there shall be included in the total referred to in paragraph (1)(a) for the corporation’s taxation year that includes the particular time the amount, if any, by which the proceeds of disposition as determined by paragraph (a) exceed the consideration, if any, paid by the qualified donee for the option. Returned property
action de remplacement S’agissant de l’action de remplacement d’un particulier relativement à une disposition admissible qu’il effectue au cours d’une année d’imposition, action déterminée de ce particulier selon celle-ci : a) d’une part, acquise au cours de l’année ou dans les 120 jours suivant la fin de l’année; Income Tax PART I Income Tax DIVISION B Computation of Income
Subsection (15) applies if a qualified donee has issued to a corporation a receipt referred to in subsection (2) in respect of a transfer of a property (in this subsection and subsection (15) referred to as the “original property”) and a particular property that is (a) the original property is later transferred to the corporation (unless that later transfer is reasonable consideration or remuneration for property acquired by or services rendered to a person); or (b) any other property that may reasonably be considered compensation for or a substitute for, in whole or in part, the original property, is later transferred to the corporation. Returned property (a) irrespective of whether the transfer of the original property by the corporation to the qualified donee referred to in subsection (14) was a gift, the corporation is deemed not to have disposed of the original property at the time of that transfer nor to have made a gift; (b) the original property, if it is identical to the original property, is deemed to be that property; (b) if the particular property is identical to the original property, the particular property is deemed to be the original property; and (c) if the particular property is not the original property, then (i) the corporation is deemed to have disposed of the original property at the time that the particular property is transferred to the corporation for proceeds of disposition equal to the greater of the fair market value of the particular property at that time and the fair market value of the original property at the time that it was transferred by the corporation to the donee, and (ii) if the transfer of the original property by the corporation would be a gift if this section were read without reference to paragraph (a), the corporation is deemed to have, at the time of that transfer, transferred to the donee a property that is the subject of a gift having a fair market value equal to the amount, if any, by which the fair market value of the original property at the time of that transfer exceeds the fair market value of the particular property at the time that it is transferred to the corporation.
F is the cost to the individual of all the replacement shares of the individual in respect of the qualifying disposition. (réduction du prix de base rajusté) (c) a combination of assets described in paragraphs (a) and (b). (société exploitant activement une entreprise) common share means a share prescribed for the purpose of paragraph 110(1)(d). (action ordinaire) b) d’autre part, désignée, dans sa déclaration de revenu pour l’année, à titre d’action de remplacement relativement à la disposition admissible. (replacement share) action déterminée de petite entreprise S’agissant d’une action déterminée de petite entreprise d’un particulier, action ordinaire émise par une société au particulier dans les conditions suivantes : a) au moment de son émission, la société était une société admissible exploitant une petite entreprise; b) immédiatement avant et immédiatement après son émission, la valeur totale des actifs de la société et des sociétés liées à celle-ci n’excédait pas 50 000 000 $. (eligible small business corporation share) action ordinaire Action visée par règlement pour l’application de l’alinéa 110(1)d). (common share) arrangement admissible de mise en commun En ce qui concerne un particulier, convention écrite conclue entre le particulier et une autre personne ou une société de personnes (cette autre personne ou société de personnes étant appelée « gestionnaire de placements » au présent définition et au paragraphe (3)) et prévoyant ce qui suit : a) le transfert de fonds ou d’autres biens par le particulier au gestionnaire de placements en vue de leur placement au nom du particulier; b) l’achat, au moyen de ces fonds ou du produit de la disposition des autres biens, d’actions déterminées de petite entreprise dans les 60 jours suivant la réception des fonds ou des autres biens par le gestionnaire de placements; c) la remise au particulier par le gestionnaire de placements, à la fin de chaque mois se terminant après le transfert, d’un état de compte indiquant le détail du portefeuille de placements que le gestionnaire de placements détient au nom du particulier à la fin du mois en question ainsi que le détail des opérations qu’il a effectuées au nom du particulier au cours de ce mois. (eligible pooling arrangement) coût admissible [Abrogé, 2003, ch. 15, art. 70] disposition admissible Sous réserve du paragraphe (9), disposition d’actions du capital-actions d’une société effectuée par un particulier (sauf une fiducie), si chaque action dont il est disposé répond aux conditions suivantes : (c) a combination of assets described in paragraphs (a) and (b). (société admissible exploitant une petite entreprise) (G/H) × I where montant de report autorisé S’agissant du montant de report autorisé d’un particulier relativement à une disposition admissible qu’il effectue, le montant obtenu par la formule suivante : (G/H) × I où : G représente le produit de disposition pour le particulier provenant de la disposition admissible ou, s’il est inférieur, le total des montants représentant le coût, pour le particulier, d’une action de remplacement relativement à la disposition admissible; H le produit de disposition pour le particulier provenant de la disposition admissible; I le gain en capital du particulier provenant de la disposition admissible. (permitted deferral)
If subsection (15) applies in respect of a transfer of property to a corporation and that property has a fair market value greater than $50, the transferor must file an information return containing prescribed information with the Minister not later than 90 days after the day on which the property was transferred and provide a copy of the return to the corporation. Reassessment
If subsection (15) applies in respect of a transfer of property to a corporation, the Minister may reassess a return of income of any person to the extent that the reassessment can reasonably be regarded as relating to the transfer.
réduction du prix de base rajusté En ce qui concerne l’action de remplacement d’un particulier relativement à une disposition admissible qu’il effectue, le montant obtenu par la formule suivante : D × (E/F) où : D représente le montant de report autorisé du particulier relativement à la disposition admissible; E le coût de l’action de remplacement pour le particulier; F le coût, pour le particulier, de l’ensemble de ses actions de remplacement relativement à la disposition admissible. (ACB reduction) Income Tax PART I Income Tax DIVISION B Computation of Income
eligible taxation year, in respect of a qualifying amount received by an individual, means a taxation year (a) that ended after 1977 and before the year in which the individual received the qualifying amount; (b) throughout which the individual was resident in Canada; (c) that did not end in a calendar year in which the individual became a bankrupt; and (d) that was not included in an averaging period, within the meaning assigned by section 119 (as it read in its application to the 1987 taxation year), pursuant to an election that was made and not revoked by the individual under that section. (année d’imposition admissible) qualifying amount received by an individual in a taxation year means an amount (other than the portion of the amount that can reasonably be considered to be received as, on account of, in lieu of payment of or in satisfaction of, interest) that is included in computing the individual’s income for the year and is (i) that is received pursuant to an order or judgment of a competent tribunal, an arbitration award or a contract by which the payor and the individual terminate a legal proceeding, and (ii) that is (A) included in computing the individual’s income from an office or employment, or (B) received as, on account of, in lieu of payment of or in satisfaction of, damages in respect of the individual’s loss of an office or employment, (b) a superannuation or pension benefit (other than a benefit referred to in clause 56(1)(a)(i)(B)) received on account of, in lieu of payment of or in satisfaction of, a series of periodic payments (other than payments that would have otherwise been made in the year or in a subsequent taxation year), specified portion, in relation to an eligible taxation year, of a qualifying amount received by an individual means the portion of the qualifying amount that relates to the year, to the extent that the individual’s eligibility to receive the portion existed in the year. (partie déterminée) Deduction for lump-sum payments
qualifying cost [Repealed, 2003, c. 15, s. 70(1)] (a) an eligible small business corporation share of the individual; qualifying portion of a capital gain [Repealed, 2003, c. 15, s. 70(1)] qualifying portion of the proceeds of disposition [Repealed, 2003, c. 15, s. 70(1)] Impôt sur le revenu
There may be deducted in computing the taxable income of an individual (other than a trust) for a particular taxation year the total of all amounts each of which is a specified portion of a qualifying amount received by the individual in the particular year, if that total is $3,000 or more. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2000, c. 19, s. 17; 2013, c. 34, s. 239. Additions for foreign tax deductions
(a) increases any amount deductible by the corporation under subsection 126(1) or (2) for the year; and (b) does not increase an amount deductible by the corporation under any of sections 125, 125.1, 127, 127.2 and 127.3 for the year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1985, c. 45, s. 56.
annual gains limit of an individual for a taxation year means the amount determined by the formula A is the lesser of (a) the amount determined in respect of the individual for the year under paragraph 3(b) in respect of capital gains and capital losses, and (b) the amount that would be determined in respect of the individual for the year under paragraph 3(b) in respect of capital gains and losses if the only properties referred to in that paragraph were properties that, at the time they were disposed of, were qualified farm properties, qualified fishing properties, qualified farm or fishing properties and qualified small business corporation shares, and B is the total of (a) the amount, if any, by which (i) the individual’s net capital losses for other taxation years deducted under paragraph 111(1)(b) in computing the individual’s taxable income for the year (ii) the amount, if any, by which the amount determined in respect of the individual for the year under paragraph 3(b) in respect of capital gains and capital losses exceeds the amount determined for A in respect of the individual for the year, and child has the meaning assigned by subsection 70(10); (enfant) cumulative gains limit of an individual at the end of a taxation year means the amount, if any, by which (a) the total of all amounts determined in respect of the individual for the year or preceding taxation years that end after 1984 for A in the definition annual gains limit exceeds the total of (b) all amounts determined in respect of the individual for the year or preceding taxation years that end after 1984 for B in the definition annual gains limit, (c) the amount, if any, deducted under paragraph 3(e) in computing the individual’s income for the 1985 taxation year, cumulative net investment loss of an individual at the end of a taxation year means the amount, if any, by which (a) the total of all amounts each of which is the investment expense of the individual for the year or a preceding taxation year ending after 1987 (b) the total of all amounts each of which is the investment income of the individual for the year or a preceding taxation year ending after 1987; (perte nette cumulative sur placements) interest in a family farm or fishing partnership, of an individual (other than a trust that is not a personal trust) at any time, means a partnership interest owned by the individual at that time if (a) throughout any 24-month period ending before that time, more than 50% of the fair market value of the property of the partnership was attributable to (i) property that was used principally in the course of carrying on a farming or fishing business in Canada in which the individual, a beneficiary referred to in clause (C) or a spouse, common-law partner, child or parent of the individual or of a beneficiary referred to in clause (C) was actively engaged on a regular and continuous basis, by (A) the partnership, (C) if the individual is a personal trust, a beneficiary of the trust, (D) a spouse, common-law partner, child or parent of the individual or of a beneficiary referred to in clause (C), (E) a corporation, a share of the capital stock of which was a share of the capital stock of a family farm or fishing corporation of the individual, a beneficiary referred to in clause (C) or a spouse, common-law partner, child or parent of the individual or of a beneficiary referred to in clause (C), or (F) a partnership, a partnership interest in which was an interest in a family farm or fishing partnership of the individual, a beneficiary referred to in clause (C) or a spouse, common-law partner, child or parent of the individual or of a beneficiary referred to in clause (C), (ii) shares of the capital stock or indebtedness of one or more corporations of which all or substantially all of the fair market value of the property was attributable to properties described in subparagraph (iv), (iii) a partnership interest in or indebtedness of one or more partnerships of which all or substantially all of the fair market value of the property was attributable to properties described in subparagraph (iv), or (iv) properties described in any of subparagraphs (i) to (iii), interest in a family farm partnership [Repealed, 2014, c. 39, s. 30] interest in a family fishing partnership [Repealed, 2014, c. 39, s. 30] investment expense of an individual for a taxation year means the total of (a) all amounts deducted in computing the individual’s income for the year from property (except to the extent that the amounts were otherwise taken into account in computing the individual’s investment expense or investment income for the year) other than any amounts deducted under (i) paragraph 20(1)(c), 20(1)(d), 20(1)(e) or 20(1)(e.1) of this Act or paragraph 20(1)(k) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, in respect of borrowed money that was used by the individual, or that was used to acquire property that was used by the individual, (A) to make a payment as consideration for an income-averaging annuity contract, (B) to pay a premium under a registered retirement savings plan, or (C) to make a contribution to a pooled registered pension plan, registered pension plan or deferred profit sharing plan, or (i) all amounts deducted under paragraph 20(1)(c), 20(1)(d), 20(1)(e), 20(1)(e.1), 20(1)(f) or 20(1)(bb) of this Act or paragraph 20(1)(k) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952 in computing the individual’s income for the year from a partnership of which the individual was a specified member in the fiscal period of the partnership ending in the year, and (ii) all amounts deducted under subparagraph 20(1)(e)(vi) in computing the individual’s income for the year in respect of an expense incurred by a partnership of which the individual was a specified member in the fiscal period of the partnership ending immediately before it ceased to exist, (c) the total of (i) all amounts (other than allowable capital losses) deducted in computing the individual’s income for the year in respect of the individual’s share of the amount of any loss of a partnership of which the individual was a specified member in the partnership’s fiscal period ending in the year, and (ii) all amounts each of which is an amount deducted under paragraph 111(1)(e) in computing the individual’s taxable income for the year, (i) incurred and renounced under subsection 66(12.6), (12.601), (12.62) or (12.64) by a corporation, or (ii) incurred by a partnership of which the individual was a specified member in the fiscal period of the partnership in which the expense was incurred, and (e) the total of all amounts each of which is the amount of the individual’s loss for the year from (share of the capital stock of a family farm or fishing corporation) (ii) renting or leasing a rental property (within the meaning assigned by subsection 1100(14) of the *Income Tax Regulations*) or a property described in Class 31 or 32 of Schedule II to the *Income Tax Regulations* owned by the individual or by a partnership of which the individual was a member, other than a partnership of which the individual was a specified member in the partnership’s fiscal period ending in the year, and (f) the amount, if any, by which the total of the individual’s net capital losses for other taxation years deducted under paragraph 111(1)(b) in computing the individual’s taxable income for the year exceeds the amount determined in respect of the individual for the year under paragraph (a) of the description of B in the definition *annual gains limit*; (*frais de placement*) **investment income** of an individual for a taxation year means the total of (a) all amounts included in computing the individual’s income for the year from property (other than an amount included under subsection 15(2) or paragraph 56(1)(d) of this Act or paragraph 56(1)(d.1) of the *Income Tax Act*, chapter 148 of the Revised Statutes of Canada 1952), including, for greater certainty, any amount so included under subsection 13(1) in respect of a property any income from which would be income from property (except to the extent that the amount was otherwise taken into account in computing the individual’s investment income or investment expense for the year), (b) all amounts (other than taxable capital gains) included in computing the individual’s income for the year in respect of the individual’s share of the income of a partnership of which the individual was a specified member in the partnership’s fiscal period ending in the year, including, for greater certainty, the individual’s share of all amounts included under subsection 13(1) in computing the income of the partnership, (c) 50% of all amounts included under subsection 59(3.2) in computing the individual’s income for the year, (ii) renting or leasing a rental property (within the meaning assigned by subsection 1100(14) of the *Income Tax Regulations*) or a property described in Class 31 or 32 of Schedule II to the Income Tax Regulations owned by the individual or by a partnership of which the individual was a member (other than a partnership of which the individual was a specified member in the partnership’s fiscal period ending in the year), including, for greater certainty, any amount included under subsection 13(1) in computing the individual’s income for the year in respect of a rental property of the individual or the partnership or in respect of a property any income from which would be income from property, (e) the amount, if any, by which (i) the total of all amounts (other than amounts in respect of income-averaging annuity contracts or annuity contracts purchased under deferred profit sharing plans or plans referred to in subsection 147(15) as revoked plans) included under paragraph 56(1)(d) of this Act or paragraph 56(1.1)(d) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, in computing the individual’s income for the year (ii) the total of all amounts deducted under paragraph 60(a) in computing the individual’s income for the year, and (f) the amount, if any, by which the total of all amounts included under paragraph 3(b) in respect of capital gains and capital losses in computing the individual’s income for the year exceeds the amount determined in respect of the individual for the year for A in the definition annual gains limit; (revenu de placements) qualified farm or fishing property, of an individual (other than a trust that is not a personal trust) at any time, means a property that is owned at that time by the individual, the spouse or common-law partner of the individual or a partnership, an interest in which is an interest in a family farm or fishing partnership of the individual or the individual’s spouse or common-law partner and that is (a) real or immovable property or a fishing vessel that was used in the course of carrying on a farming or fishing business in Canada by, (ii) if the individual is a personal trust, a beneficiary of the trust that is entitled to receive directly from the trust any income or capital of the trust, (iv) a corporation, a share of the capital stock of which is a share of the capital stock of a family farm or fishing corporation of an individual referred to in any of subparagraphs (i) to (iii), or (v) a partnership, an interest in which is an interest in a family farm or fishing partnership of an individual referred to in any of subparagraphs (i) to (iii), (b) a share of the capital stock of a family farm or fishing corporation of the individual or the individual’s spouse or common-law partner, (c) an interest in a family farm or fishing partnership of the individual or the individual’s spouse or common-law partner, or (d) a property included in Class 14.1 of Schedule II to the Income Tax Regulations, used by a person or partnership referred to in any of subparagraphs (a)(i) to (v), or by a personal trust from which the individual acquired the property, in the course of carrying on a farming or fishing business in Canada; (bien agricole ou de pêche admissible) qualified small business corporation share of an individual (other than a trust that is not a personal trust) at any time (in this definition referred to as the “determination time”) means a share of the capital stock of a corporation that, (a) at the determination time, is a share of the capital stock of a small business corporation owned by the individual, the individual’s spouse or common-law partner or a partnership related to the individual, (b) throughout the 24 months immediately preceding the determination time, was not owned by anyone other than the individual or a person or partnership related to the individual, and (c) throughout that part of the 24 months immediately preceding the determination time while it was owned by the individual or a person or partnership related to the individual, was a share of the capital stock of a Canadian-controlled private corporation more than 50% of the fair market value of the assets of which was attributable to (i) assets used principally in an active business carried on primarily in Canada by the corporation or by a corporation related to it, (ii) shares of the capital stock or indebtedness of one or more other corporations that were connected (within the meaning of subsection 186(4) on the assumption that each of the other corporations was a payer corporation within the meaning of that subsection) with the corporation where (A) throughout that part of the 24 months immediately preceding the determination time that ends at the time the corporation acquired such a share or indebtedness, the share or indebtedness was not owned by anyone other than the corporation, a person or partnership related to the corporation or a person or partnership related to a person or partnership, and (B) throughout that part of the 24 months immediately preceding the determination time while such a share or indebtedness was owned by the corporation, a person or partnership related to the corporation or a person or partnership related to such a person or partnership, it was a share or indebtedness of a Canadian-controlled private corporation more than 50% of the fair market value of the assets of which was attributable to assets described in subparagraph (i) or (ii) (iii) assets described in either of subparagraph (i) or (ii) except that (d) where, for any particular period of time in the 24-month period ending at the determination time, all or substantially all of the fair market value of the assets of a particular corporation that is the corporation or another corporation that was connected with the corporation cannot be attributed to assets described in subparagraph (i), shares or indebtedness of corporations described in clause (B), or any combination thereof, the reference in clause (B) to “more than 50%” shall, for the particular period of time, be read as a reference to “all or substantially all” in respect of each other corporation that was connected with the particular corporation and, for the purpose of this paragraph, a corporation is connected with another corporation only where (i) the corporation is connected (within the meaning of subsection 186(4) on the assumption that the corporation was a payer corporation within the meaning of that subsection) with the other corporation, and (ii) the other corporation owns shares of the capital stock of the corporation and, for the purpose of this subparagraph, the other corporation shall be deemed to own the shares of the capital stock of any corporation that are owned by a corporation any shares of the capital stock of which are owned or are deemed by this subparagraph to be owned by the other corporation, (e) where, at any time in the 24-month period ending at the determination time, the share was substituted for another share, the share shall be considered to have met the requirements of this definition only where the other share (i) was not owned by any person or partnership other than a person or partnership described in paragraph (b) throughout the period beginning 24 months before the determination time and ending at the time of substitution, and (ii) was a share of the capital stock of a corporation described in paragraph (c) throughout that part of the period referred to in subparagraph (i) during which such share was owned by a person or partnership described in paragraph (b), and (f) where, at any time in the 24-month period ending at the determination time, a share referred to in subparagraph (ii) is substituted for another share, that share shall be considered to meet the requirements of subparagraph (ii) only where the other share (i) was not owned by any person or partnership other than a person or partnership described in clause (A) throughout the period beginning 24 months before the determination time and ending at the time of substitution, and (ii) was a share of the capital stock of a corporation described in paragraph (c) throughout that part of the period referred to in subparagraph (i) during which the share was owned by a person or partnership described in clause (A), and share of the capital stock of a family farm corporation share of the capital stock of a family farm or fishing corporation, of an individual (other than a trust that is not a personal trust) at any time, means a share of the capital stock of a corporation owned by the individual at that time if (a) throughout any 24-month period ending before that time, more than 50% of the fair market value of the property owned by the corporation was attributable to (i) property that was used principally in the course of carrying on a farming or fishing business in Canada in which the individual, a beneficiary referred to in clause (C) or a spouse or common-law partner, child or parent of the individual or of a beneficiary referred to in clause (C), was actively engaged on a regular and continuous basis, by (A) the corporation, (C) if the individual is a personal trust, a beneficiary of the trust, (D) a spouse, common-law partner, child or parent of the individual or of a beneficiary referred to in clause (C), (E) another corporation that is related to the corporation and of which a share of the capital stock was a share of the capital stock of a family farm or fishing corporation of the individual, a beneficiary referred to in clause (C) or a spouse, common-law partner, child or parent of the individual or of a beneficiary referred to in clause (C), or (F) a partnership, an interest in which was an interest in a family farm or fishing partnership of the individual, a beneficiary referred to in clause (C) or a spouse, common-law partner, child or parent of the individual or of such a beneficiary, (ii) shares of the capital stock or indebtedness of one or more corporations of which all or substantially all of the fair market value of the property was attributable to property described in subparagraph (iv), (iii) a partnership interest in or indebtedness of one or more partnerships of which all or substantially all of the fair market value of the property was attributable to properties described in subparagraph (iv), or (iv) the total of the amounts deducted under this section in computing the individual’s taxable income for preceding taxation years; (e) the individual’s cumulative net investment loss at the end of the year. (cumulative gains limit) (iv) properties described in any of subparagraphs (i) to (iii), and (b) at that time, all or substantially all of the fair market value of the property owned by the corporation was attributable to property described in subparagraph (a)(iv). (action du capital-actions d’une société agricole ou de pêche familiale) share of the capital stock of a family fishing corporation (1.1) For the purposes of the definitions qualified small business corporation share and share of the capital stock of a family farm or fishing corporation in subsection (1), the fair market value of a net income stabilization account is deemed to be nil. (1.3) For the purpose of applying the definition qualified farm or fishing property, in subsection (1), of an individual, at any time, a property owned at that time by the individual, the spouse or common-law partner of the individual, or a partnership, an interest in which is an interest in a family farm or fishing partnership of the individual or of the individual’s spouse or common-law partner, will not be considered to have been used in the course of carrying on a farming or fishing business in Canada, unless (a) the following apply in respect of the property or property for which the property was substituted (in this paragraph referred to as “the property”), (i) the property was owned throughout the period of at least 24 months immediately preceding that time by one or more of (A) the individual, or a spouse, common-law partner, child or parent of the individual, (B) a partnership, an interest in which is an interest in a family farm or fishing partnership of the individual or of the individual’s spouse or common-law partner, (C) if the individual is a personal trust, the individual from whom the trust acquired the property or a spouse, common-law partner, child or parent of that individual, or (D) a personal trust from which the individual or a child or parent of the individual acquired the property, and (A) in at least two years while the property was owned by one or more persons or partnerships referred to in subparagraph (i), (I) the gross revenue of a person (in this subclause referred to as the “operator”) referred to in subparagraph (i) from the farming or fishing business referred to in subclause (II) for the period during which the property was owned by a person or partnership described in subparagraph (i) exceeded the income of the operator from all other sources for that period, and (II) the property was used principally in a farming or fishing business carried on in Canada in which an individual referred to in subparagraph (i), or where the individual is a personal trust, a beneficiary of the trust, was actively engaged on a regular and continuous basis, or (B) throughout a period of at least 24 months while the property was owned by one or more persons or partnerships referred to in subparagraph (i), the property was used by a corporation referred to in subparagraph (a)(iv) of the definition qualified farm or fishing property in subsection (1) or by a partnership referred to in subparagraph (a)(v) of that definition in a farming or fishing business in which an individual referred to in any of subparagraphs (a)(i) to (iii) of that definition was actively engaged on a regular and continuous basis; or (c) if the property or property for which the property was substituted was last acquired by the individual or partnership before June 18, 1987 or after June 17, 1987 under an agreement in writing entered into before that date, (i) in the year the property was disposed of by the individual, the property was used principally in the course of carrying on the business of farming in Canada by (A) the individual, or a spouse, common-law partner, child or parent of the individual, (B) a beneficiary referred to in subparagraph (a)(ii) of the definition *qualified farm or fishing property* in subsection (1) or a spouse, common-law partner, child or parent of that beneficiary, (C) a corporation referred to in subparagraph (a)(iv) of the definition *qualified farm or fishing property* in subsection (1), (D) a partnership referred to in subparagraph (a)(v) of the definition *qualified farm or fishing property* in subsection (1), or (E) a personal trust from which the individual acquired the property, (ii) in at least five years during which the property was owned by a person described in any of clauses (A) to (E), the property was used principally in the course of carrying on the business of farming in Canada by (A) the individual, or a spouse, common-law partner, child or parent of the individual, (B) a beneficiary referred to in subparagraph (a)(ii) of the definition *qualified farm or fishing property* in subsection (1) or a spouse, common-law partner, child or parent of that beneficiary, (C) a corporation referred to in subparagraph (a)(iv) of the definition *qualified farm or fishing property* in subsection (1), (D) a partnership referred to in subparagraph (a)(v) of the definition *qualified farm or fishing property* in subsection (1), or (E) a personal trust from which the individual acquired the property. Capital gains deduction — qualified farm or fishing property
In computing the taxable income for a taxation year of an individual (other than a trust) who was resident in Canada throughout the year and who disposed of qualified farm or fishing property in the year or a preceding taxation year (or who disposed of before 2014 property that was qualified farm property or qualified fishing property at the time of disposition), there may be deducted such amount as the individual may claim not exceeding the least of (a) the amount determined by the formula A is the total of all amounts each of which is an amount deducted under this section in computing the individual's taxable income for a preceding taxation year that ended (ii) after October 17, 2000, B is the total of all amounts each of which is (i) 3/4 of an amount deducted under this section in computing the individual's taxable income for a preceding taxation year that ended after 1987 and before 1990 (other than amounts deducted under this section for a taxation year in respect of an amount that was included in computing an individual's income for that year because of subparagraph 14(1)(a)(v) as that subparagraph applied for taxation years that ended before February 28, 2000), or (ii) 3/4 of an amount deducted under this section in computing the individual's taxable income for a preceding taxation year that began after February 27, 2000 and ended before October 18, 2000, C is 2/3 of the total of all amounts each of which is an amount deducted under this section in computing the individual's taxable income (i) for a preceding taxation year that ended after 1989 and before February 28, 2000, or (ii) in respect of an amount that was included because of subparagraph 14(1)(a)(v) (as that subparagraph applied for taxation years that ended before February 28, 2000) in computing the individual's income for a taxation year that began after 1987 and ended before 1990, D is the product obtained when the reciprocal of the fraction determined for E that applied to the taxpayer for a preceding taxation year that began before and included February 28, 2000 or October 17, 2000 is multiplied by the amount deducted under this subsection in computing the individual's taxable income for that preceding year, and (i) in the case of a taxation year that includes February 28, 2000 or October 17, 2000, the amount determined by the formula F is the amount deemed by subsection 14(1.1) to be a taxable capital gain of the taxpayer for the taxation year, G is the amount by which the amount determined in respect of the taxpayer for the year under paragraph 3(b) exceeds the amount determined for F, and H is the total of (A) the amount deemed by subsection 14(1.1) to be a taxable capital gain of the taxpayer for the taxation year multiplied by (I) where that amount is determined by reference to paragraph 14(1.1)(a), the reciprocal of the fraction obtained by multiplying the fraction 3/4 by the fraction in paragraph 14(1)(b) that applies to the taxpayer for the taxation year, (II) where that amount is determined by reference to paragraph 14(1.1)(b), and the taxation year does not end after February 27, 2000 and before October 18, 2000, 2, and (III) where that amount is determined by reference to paragraph 14(1.1)(b), and the taxation year ends after February 27, 2000 and before October 18, 2000, 3/2, and (B) the amount determined for G multiplied by the reciprocal of the fraction in paragraph 38(a) that applies to the taxpayer for the taxation year, and (ii) in any other case, 1, (b) the individual’s cumulative gains limit at the end of the year, (c) the individual’s annual gains limit for the year, and (d) the amount that would be determined in respect of the individual for the year under paragraph 3(b) in respect of capital gains and capital losses if the only properties referred to in that paragraph were properties that, at the time they were disposed of, were qualified farm properties, qualified fishing properties or qualified farm or fishing properties. Capital gains deduction — qualified small business corporation shares (2.1) In computing the taxable income for a taxation year of an individual (other than a trust) who was resident in Canada throughout the year and who disposed of a share of a corporation in the year or a preceding taxation year and after June 17, 1987 that, at the time of its disposition, was a qualified small business corporation share of the individual, there may be deducted such amount as the individual may claim not exceeding the least of (a) the amount determined by the formula in paragraph (2)(a) in respect of the individual for the year, (b) the amount, if any, by which the individual’s cumulative gains limit at the end of the year exceeds the amount deducted under subsection 110.6(2) in computing the individual’s taxable income for the year, (c) the amount, if any, by which the individual’s annual gains limit for the year exceeds the amount deducted under subsection 110.6(2) in computing the individual’s taxable income for the year, and (d) the amount that would be determined in respect of the individual for the year under paragraph 3(b) (to the extent that that amount is not included in computing the amount determined under paragraph (2)(d) in respect of the individual) in respect of capital gains and capital losses if the only properties referred to in paragraph 3(b) were qualified small business corporation shares of the individual. Additional deduction — qualified farm or fishing property (2.2) In computing the taxable income for a taxation year of an individual (other than a trust) who was resident in Canada throughout the year and who disposed of qualified farm or fishing property in the year or a preceding taxation year and after April 20, 2015, there may be deducted the amount claimed by the individual that does not exceed the least of (a) the amount, if any, by which $500,000 exceeds the total of (i) $400,000 adjusted for each year after 2014 in the manner set out by section 117.1, and (ii) the total of all amounts each of which is an amount deducted under this subsection in computing the individual's taxable income for a preceding taxation year that ended after 2014, (b) the amount, if any, by which the individual's cumulative gains limit at the end of the year exceeds the total of all amounts each of which is an amount deducted by the individual under subsection (2) or (2.1) in computing the individual's taxable income for the year, (c) the amount, if any, by which the individual's annual gains limit for the year exceeds the total of all amounts each of which is an amount deducted by the individual under subsection (2) or (2.1) in computing the individual's taxable income for the year, and (d) the amount that would be determined in respect of the individual for the year under paragraph 3(b) in respect of capital gains and capital losses if the only properties referred to in that paragraph were qualified farm or fishing properties disposed of by the individual after April 20, 2015. Additional deduction — ordering rule (2.3) Subsection (2.2) does not apply in computing the taxable income for a taxation year of an individual unless the individual has claimed the maximum amount that could be claimed under subsections (2) and (2.1) for the taxation year.
société admissible exploitant une petite entreprise Sous réserve du paragraphe (10), société qui, à un moment donné, est une société privée sous contrôle canadien dont la totalité ou la presque totalité de la juste valeur marchande des actifs à ce moment est attribuable à ceux des actifs qui sont : a) soit des actifs utilisés principalement dans le cadre d’une entreprise exploitée activement principalement au Canada par elle ou par une société admissible exploitant une petite entreprise qui lui est liée; b) soit des actions émises par d’autres sociétés admissibles exploitant une petite entreprise qui lui sont liées, ou des créances dont de telles sociétés sont débitrices; c) soit des actifs visés aux alinéas a) et b). (eligible small business corporation) société exploitant activement une entreprise Sous réserve du paragraphe (10), société qui, à un moment donné, est une société canadienne imposable dont la totalité ou la presque totalité de la juste valeur marchande des actifs, à ce moment, est attribuable à ceux des actifs qui sont : a) soit des actifs utilisés principalement dans le cadre d’une entreprise exploitée activement par elle ou par une société exploitée activement une entreprise qui lui est liée; b) soit des actions émises par d’autres sociétés exploitant activement une entreprise qui lui sont liées, ou des créances dont de telles sociétés sont débitrices; c) soit des actifs visés aux alinéas a) et b). (active business corporation) valeur comptable Le montant auquel les actifs d’une société à un moment donné seraient évalués en vue de l’établissement de son bilan à ce moment si ce bilan était dressé conformément aux principes comptables généralement reconnus utilisés au Canada à ce moment. Toutefois, la valeur comptable de l’actif d’une société qui est une action ou une créance émise par une société liée est réputée nulle. (carrying value) Report du gain en capital
Notwithstanding subsections (2) and (2.1), the total amount that may be deducted under this section in computing an individual's income for a taxation year shall not exceed the total of the amount determined by the formula in paragraph (2)(a) and the amount that may be deducted under subsection (2.2), in respect of the individual for the year. Deemed resident in Canada
Les règles ci-après s’appliquent lorsqu’un particulier effectue une disposition admissible au cours d’une année d’imposition : a) son gain en capital pour l’année provenant de la disposition admissible est réputé correspondre à l’excédent de son gain en capital pour l’année provenant Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of subsections (2) to (2.2), an individual is deemed to have been resident in Canada throughout a particular taxation year if (a) the individual was resident in Canada at any time in the particular taxation year; and (b) the individual was resident in Canada throughout the immediately preceding taxation year or throughout the immediately following taxation year. Failure to report capital gain
Impôt sur le revenu
Notwithstanding subsections (2) to (2.2), no amount may be deducted under this section in respect of a capital gain of an individual for a particular taxation year in computing the individual’s taxable income for the particular taxation year or any subsequent year, if (a) the individual knowingly or under circumstances amounting to gross negligence (i) fails to file the individual’s return of income for the particular taxation year within one year after the taxpayer’s filing-due date for the particular taxation year, or (ii) fails to report the capital gain in the individual’s return of income for the particular taxation year; and (b) the Minister establishes the facts justifying the denial of such an amount under this section. Deduction not permitted
Notwithstanding subsections (2) to (2.2), no amount may be deducted under this section in computing an individual’s taxable income for a taxation year in respect of a capital gain of the individual for the taxation year if the capital gain is from a disposition of property which disposition is part of a series of transactions or events (a) that includes a dividend received by a corporation to which dividend subsection 55(2) does not apply but would apply if this Act were read without reference to paragraph 55(3)(b); or (b) in which any property is acquired by a corporation or partnership for consideration that is significantly less than the fair market value of the property at the time of acquisition (other than an acquisition as the result of an amalgamation or merger of corporations or the winding-up of a corporation or partnership or a distribution of property in a trust in satisfaction of all or part of a corporation’s capital interest in the trust). Deduction not permitted
Notwithstanding subsections (2) to (2.2), if an individual has a capital gain for a taxation year from the disposition of a property and it can reasonably be concluded, having regard to all the circumstances, that a significant part of the capital gain is attributable to the fact that dividends were not paid on a share (other than a prescribed share) or that dividends paid on such a share in the taxation year or in any preceding taxation year were less than 90% of the average annual rate of return on that share for that year, no amount in respect of that capital gain shall be deducted under this section in computing the individual’s taxable income for the year. Average annual rate of return
For the purpose of subsection 110.6(8), the average annual rate of return on a share (other than a prescribed share) of a corporation for a taxation year is the rate of return by way of dividends that a knowledgeable and prudent investor who purchased the share on the day it was issued would expect to receive in that year, other than the first year the share is issued, in respect of the share if (a) there was no delay or postponement of the payment of dividends and no failure to pay dividends in respect of the share; (b) there was no variation from year to year in the amount of dividends payable in respect of the share (other than where the amount of dividends payable is expressed as an invariant percentage of or by reference to an invariant difference between the dividend expressed as a rate of interest and a generally quoted market interest rate); and (c) the proceeds to be received by the investor on the disposition of the share are the same amount the corporation received as consideration on the issue of the share. Where deduction not permitted
de cette disposition, déterminé compte non tenu du présent article, sur son montant de report autorisé relativement à cette disposition; b) est déduit, dans le calcul du prix de base rajusté, pour lui, d’une des actions de remplacement relativement à la disposition admissible, à un moment postérieur à l’acquisition de l’action, le montant de la réduction du prix de base rajusté qui lui est applicable relativement à l’action; c) lorsque la disposition admissible a consisté en la disposition d’une action qui était un bien canadien imposable du particulier, l’action de remplacement du particulier relativement à la disposition admissible est réputée être, à tout moment de la période de 60 mois suivant la disposition, un bien canadien imposable au particulier. Règle spéciale — arrangement admissible de mise en commun
Where it is reasonable to consider that one of the main reasons for an individual acquiring, holding or having an interest in a partnership or trust (other than an interest in a personal trust) or a share of an investment corporation, mortgage investment corporation or mutual fund corporation, or for the existence of any terms, conditions, rights or other attributes of the interest or share, is to enable the individual to receive or be allocated to the individual a percentage of any capital gain or taxable capital gain of the partnership, trust or corporation that is larger than the individual’s percentage of the income of the partnership, trust or corporation, as the case may be, notwithstanding any other provision of this Act, (a) no amount may be deducted under this section by the individual in respect of any such gain allocated or distributed to the individual after November 21, 1985; and (b) where the individual is a trust, any such gain allocated or distributed to it after November 21, 1985 shall not be included in computing its eligible taxable capital gain (within the meaning assigned by subsection 108(1)).
Sauf pour l’application de la définition de arrangement admissible de mise en commun au paragraphe (1), toute opération conclue par un gestionnaire de placements dans le cadre d’un arrangement admissible de mise en commun pour le compte d’un particulier est réputée être une opération conclue par le particulier et non par le gestionnaire. Règle spéciale — acquisitions au décès
For the purposes of this section, the amount determined under paragraph 3(b) in respect of an individual for a period throughout which the individual was not resident in Canada is nil. Related persons, etc.
Pour l’application du présent article, l’action du capital-actions d’une société qui est acquise par un particulier par suite du décès d’une personne qui est son époux ou conjoint de fait, son père ou sa mère est réputée être une action acquise par le particulier au moment où elle a été acquise par la personne en question et lui avoir appartenu tout au long de la période où cette personne en a été propriétaire, si, selon le cas : a) la personne en question était l’époux ou le conjoint de fait du particulier, l’action était une action déterminée de petite entreprise lui appartenant et le paragraphe 70(6) s’est appliqué au particulier relativement à l’action; b) la personne en question était le père ou la mère du particulier, l’action était une action déterminée de petite entreprise lui appartenant et le paragraphe 70(9.2) s’est appliqué au particulier relativement à l’action. Règle spéciale — échec du mariage ou de l’union de fait
For the purposes of the definition qualified small business corporation share in subsection 110.6(1), (a) a taxpayer shall be deemed to have disposed of shares that are identical properties in the order in which the taxpayer acquired them; (b) in determining whether a corporation is a small business corporation or a Canadian-controlled private corporation at any time, a right referred to in paragraph 251(5)(b) shall not include a right under a purchase and sale agreement relating to a share of the capital stock of a corporation; (c) a personal trust shall be deemed (i) to be related to a person or partnership for any period throughout which the person or partnership was a beneficiary of the trust, and (ii) in respect of shares of the capital stock of a corporation, to be related to the person from whom it acquired those shares where, at the time the trust disposed of the shares, all of the beneficiaries (other than registered charities) of the trust were related to that person or would have been so related if that person were living at that time; (d) a partnership shall be deemed to be related to a person for any period throughout which the person was a member of the partnership; (d.1) a person who is a member of a partnership that is a member of another partnership is deemed to be a member of the other partnership; (e) where a corporation acquires shares of a class of the capital stock of another corporation from any person, it shall be deemed in respect of those shares to be related to the person where all or substantially all the consideration received by that person from the corporation in respect of those shares was common shares of the capital stock of the corporation; (f) shares issued after June 13, 1988 by a corporation to a particular person or partnership shall be deemed to have been owned immediately before their issue by a person who was not related to the particular person or partnership unless the shares were issued (i) as consideration for other shares, (ii) as part of a transaction or series of transactions in which the person or partnership disposed of property to the corporation that consisted of (A) all or substantially all the assets used in an active business carried on by that person or the members of that partnership, or (B) an interest in a partnership all or substantially all the assets of which were used in an active business carried on by the members of the partnership, or (iii) as payment of a stock dividend; and (g) where, immediately before the death of an individual or, in the case of a deemed transfer under subsection 248(23), immediately before the time that is immediately before the death of an individual, a share would, but for paragraph (a) of the definition qualified small business corporation share in subsection 110.6(1), be a qualified small business corporation share of the individual, the share shall be deemed to be a qualified small business corporation share of the individual if it was a qualified small business corporation share of the individual at any time in the 12-month period immediately preceding the death of the individual.
Pour l’application du présent article, l’action du capital-actions d’une société qu’un particulier acquiert d’une personne qui est son ex-époux ou son ancien conjoint de fait, par suite du règlement des droits découlant de l’échec (a) section 51, paragraph 85(1)(b), subsection 85.1(1), section 86 or subsection 87(4) applied to the individual in respect of the new shares; and (a) section 51, paragraph 85(1)(b), subsection 85.1(1), section 86 or subsection 87(4) applied to the individual in respect of the new shares; and marriage ou union de fait est réputée avoir été acquise par le particulier au moment où elle a été acquise par la personne en question et lui avoir appartenu tout au long de la période où cette personne en a été propriétaire, si elle était une action déterminée de petite entreprise de la personne et si le paragraphe 73(1) s’est appliqué au particulier relativement à l’action. Règle spéciale — échange d’actions déterminées de petite entreprise
For the purposes of the definitions qualified small business corporation share and share of the capital stock of a family farm or fishing corporation in subsection (1), the definition share of the capital stock of a family farm or fishing corporation in subsection 70(10) and the definition small business corporation in subsection 248(1), (a) where a person (in this subsection referred to as the “insured”), whose life was insured under an insurance policy owned by a particular corporation, owned shares of the capital stock (in this subsection referred to as the “subject shares”) of the particular corporation, any corporation connected with the particular corporation or with which the particular corporation is connected or any corporation connected with any such corporation or with which any such corporation is connected (within the meaning of subsection 186(4) on the assumption that the corporation referred to in this subsection was a payer corporation within the meaning of that subsection), (i) the fair market value of the life insurance policy shall, at any time before the death of the insured, be deemed to be its cash surrender value (within the meaning assigned by subsection 148(9)) at that time, and (ii) the total fair market value of assets — other than assets described in any of subparagraphs (c)(i) to (iii) of the definition qualified small business corporation share in subsection (1), any of subparagraphs (a)(i) to (iii) of the definition share of the capital stock of a family farm or fishing corporation in subsection (1) or any of paragraphs (a) to (c) of the definition small business corporation in subsection 248(1), as the case may be — of any of those corporations that are (A) the proceeds, the right to receive the proceeds or attributable to the proceeds, of the life insurance policy of which the particular corporation was a beneficiary, and (B) used, directly or indirectly, within the 24-month period beginning at the time of the death of the insured or, where written application therefor is made by the particular corporation within that period, within such longer period as the Minister considers reasonable in the circumstances, to redeem, acquire or cancel the subject shares owned by the insured immediately before the death of the insured, not in excess of the fair market value of the assets immediately after the death of the insured, shall, until the later of (C) the redemption, acquisition or cancellation, and (D) the day that is 60 days after the payment of the proceeds under the policy, be deemed not to exceed the cash surrender value (within the meaning assigned by subsection 148(9)) of the policy immediately before the death of the insured; and (b) the fair market value of an asset of a particular corporation that is a share of the capital stock or indebtedness of another corporation with which the particular corporation is connected shall be deemed to be nil and, for the purpose of this paragraph, a particular corporation is connected with another corporation only where (i) the particular corporation is connected (within the meaning assigned by paragraph (d) of the definition qualified small business corporation share in subsection 110.6(1)) with the other corporation, and (ii) the other corporation is not connected (within the meaning of subsection 186(4) as determined without reference to subsection 186(2) and on the assumption that the other corporation is a private corporation within the meaning of subsection 186(4)) with the particular corporation, except that this paragraph applies only in determining whether a share of the capital stock of another corporation with which the particular corporation is connected is a qualified small business corporation share or a share of the capital stock of a family farm or fishing corporation and in determining whether the other corporation is a small business corporation.
Pour l’application du présent article, lorsqu’un particulier reçoit des actions du capital-actions d’une société donnée qui sont des actions déterminées de petite entreprise du particulier (appelées « nouvelles actions » au présent paragraphe) comme seule contrepartie de la disposition par le particulier d’actions émises par la société donnée ou par une autre société qui étaient des actions déterminées de petite entreprise du particulier (appelées « actions échangées » au présent paragraphe), les nouvelles actions sont réputées avoir appartenu au particulier tout au long de la période au cours de laquelle les actions échangées lui ont appartenu si, à la fois : a) l’article 51, l’alinéa 85(1)b), le paragraphe 85.1(1), l’article 86 ou le paragraphe 87(4) se sont appliqués au particulier relativement aux nouvelles actions; b) le total des produits de disposition des actions échangées pour le particulier correspondait au total des montants représentant chacun le prix de base rajusté, pour lui, d’une action échangée immédiatement avant la disposition. Règle spéciale — échange d’actions de société exploitant activement une entreprise
For the purposes of the definition qualified small business corporation share in subsection 110.6(1) and of paragraph 110.6(14)(c), a personal trust shall be deemed to include a trust described in subsection 7(2). Order of deduction
Pour l’application du présent article, lorsqu’un particulier reçoit des actions ordinaires du capital-actions d’une société donnée (appelées « nouvelles actions » au présent paragraphe) comme unique contrepartie de la disposition par le particulier d’actions ordinaires de la société donnée ou d’une autre société (appelées « actions échangées » au présent paragraphe), les nouvelles actions sont réputées être des actions déterminées de petite entreprise du particulier ainsi que des actions du capital-actions d’une société exploitant activement une entreprise qui lui ont appartenu tout au long de la période au cours de laquelle les actions échangées lui ont appartenu si, à la fois : a) l’article 51, l’alinéa 85(1)b), le paragraphe 85.1(1), l’article 86 ou le paragraphe 87(4) se sont appliqués au particulier relativement aux nouvelles actions; b) le total des produits de disposition du particulier relativement à la disposition des actions échangées correspondait au total des prix de base rajustés, pour Income Tax PART I Income Tax DIVISION B Computation of Income
For the purpose of clause 110.6(2)(a)(iii)(A), amounts deducted under this section in computing an individual’s taxable income for a taxation year that ended before 1990 shall be deemed to have first been deducted in respect of amounts that were included in computing the individual’s income under this Part for the year by virtue of subparagraph 14(1)(a)(v) before being deducted in respect of any other amounts that were included in computing the individual's income under this Part for the year. Election for property owned on February 22, 1994
Impôt sur le revenu
Subject to subsection 110.6(20), where an individual (other than a trust) or a personal trust (each of which is referred to in this subsection and subsections 110.6(20) to 110.6(29) as the “elector”), elects in prescribed form to have the provisions of this subsection apply in respect of (a) a capital property (other than an interest in a trust referred to in any of paragraphs (f) to (j) of the definition flow-through entity in subsection 39.1(1)) owned at the end of February 22, 1994 by the elector, the property shall be deemed, except for the purposes of sections 7 and 35 and subparagraph 110(1)(d.1)(ii), (i) to have been disposed of by the elector at that time for proceeds of disposition equal to the greater of (A) the amount determined by the formula A is the amount designated in respect of the property in the election, and B is the amount, if any, that would, if the disposition were a disposition for the purpose of section 7 or 35, be included under that section as a result of the disposition in computing the income of the elector, and (B) the adjusted cost base to the elector of the property immediately before the disposition, and (ii) to have been reacquired by the elector immediately after that time at a cost equal to (A) where the property is an interest in or a share of the capital stock of a flow-through entity (within the meaning assigned by subsection 39.1(1)) of the elector, the cost to the elector of the property immediately before the disposition referred to in subparagraph 110.6(19)(a)(i), (B) where an amount would, if the disposition referred to in subparagraph 110.6(19)(a)(i) were a disposition for the purpose of section 7 or 35, be included under that section as a result of the disposition in computing the income of the elector, the lesser of (II) the amount determined by the formula A is the amount, if any, by which the fair market value of the property at that time exceeds the amount that would, if the disposition referred to in subparagraph 110.6(19)(a)(i) were a disposition for the purpose of section 7 or 35, be included under that section as a result of the disposition in computing the income of the elector, and B is the amount that would be determined by the formula in subclause 110.6(19)(a)(ii)(C)(II) in respect of the property if clause 110.6(19)(a)(ii)(C) applied to the property, and (C) in any other case, the lesser of (I) the designated amount, and (II) the amount, if any, by which the fair market value of the property at that time exceeds the amount determined by the formula A is the designated amount, and B is the fair market value of the property at that time; (b) a business carried on by the elector (otherwise than as a member of a partnership) on February 22, 1994, (i) the amount that would be determined under subparagraph 14(1)(a)(v) at the end of that day in respect of the elector if (A) all the eligible capital property owned at that time by the elector in respect of the business were disposed of by the elector immediately before that time for proceeds of disposition equal to the amount designated in the election in respect of the business, and (B) the fiscal period of the business ended at that time shall be deemed to be a taxable capital gain of the elector for the taxation year in which the fiscal period of the business that includes that time ends from the disposition of a particular property and, for the purposes of this section, the particular property shall be deemed to have been disposed of by the elector at that time, and (iii) for the purpose of paragraph 14(3)(b), the amount of the taxable capital gain determined under subparagraph 110.6(19)(b)(i) shall be deemed to have been claimed, by a person who does not deal at arm’s length with each person or partnership that does not deal at arm’s length with the elector, as a deduction under this section in respect of a disposition at that time of the eligible capital property; and (c) an interest owned at the end of February 22, 1994 by the elector in a trust referred to in any of paragraphs (f) to (j) of the definition flow-through entity in subsection 39.1(1), the elector shall be deemed to have a capital gain for the year from the disposition on February 22, 1994 of property equal to the lesser of (i) the total of amounts designated in elections made under this subsection by the elector in respect of interests in the trust, and (ii) 4/3 of the amount that would, if all of the trust’s capital properties were disposed of at the end of February 22, 1994 for proceeds of disposition equal to their fair market value at that time and that portion of the trust’s capital gains and capital losses or its net taxable capital gains, as the case may be, arising from the dispositions as can reasonably be considered to represent the elector’s share thereof were allocated to or designated in respect of the elector, be the increase in the annual gains limit of the elector for the 1994 taxation year as a result of the dispositions.
Subsection 110.6(19) applies to a property or to a business, as the case may be, of an elector only if (a) where the elector is an individual (other than a trust), (i) its application to all of the properties in respect of which elections were made under that subsection by the elector or a spouse or common-law partner of the elector and to all the businesses in respect of which elections were made under that subsection by the elector (A) would result in an increase in the amount deductible under subsection 110.6(3) in computing the taxable income of the elector or a spouse or common-law partner of the elector, and (B) in respect of each of the 1994 and 1995 taxation years, (I) where no part of the taxable capital gain resulting from an election by the elector is included in computing the income of a spouse of the elector, would not result in the amount determined under paragraph 110.6(3)(a) for the year in respect of the elector being exceeded by the lesser of the amounts determined under paragraphs 110.6(3)(b) and 110.6(3)(c) for the year in respect of the elector, and (II) where no part of the taxable capital gain resulting from an election by the elector is included in computing the income of the elector, would not result in the amount determined under paragraph 110.6(3)(a) for the year in respect of a spouse or common-law partner of the elector being exceeded by the lesser of the amounts determined under paragraphs 110.6(3)(b) and 110.6(3)(c) for the year in respect of the spouse or common-law partner, (ii) the amount designated in the election in respect of the property exceeds 11/10 of its fair market value at the end of February 22, 1994, or (iii) the amount designated in the election in respect of the business is $1.00 or exceeds 11/10 of the fair market value at the end of February 22, 1994 of all the eligible capital property owned at that time by the elector in respect of the business; (b) where the elector is a personal trust, its application to all of the properties in respect of which an election was made under that subsection by the elector would result in (i) an increase in the amount deemed by subsection 104(21.2) to be a taxable capital gain of an individual (other than a trust) who was a beneficiary under the trust at the end of February 22, 1994 and resident in Canada at any time in the individual’s taxation year in which the trust’s taxation year that includes that day ends, or (ii) where subsection 110.6(12) applies to the trust for the trust’s taxation year that includes that day, an increase in the amount deductible under that subsection in computing the trust’s taxable income for that year. Effect of election on non-qualifying real property
Where an elector is deemed by subsection 110.6(19) to have disposed of a non-qualifying real property, (a) in computing the elector’s taxable capital gain from the disposition, there shall be deducted the amount determined by the formula A is the elector’s capital gain from the disposition, and B is the elector’s eligible real property gain from the disposition; and (b) in determining at any time after the disposition the capital cost to the elector of the property where it is a depreciable property and the adjusted cost base to the elector of the property in any other case (other than where the property was at the end of February 22, 1994 an interest in or a share of the capital stock of a flow-through entity within the meaning assigned by subsection 39.1(1)), there shall be deducted 4/3 of the amount determined under paragraph 110.6(21)(a) in respect of the property. Adjusted cost base
Where an elector is deemed by paragraph 110.6(19)(a) to have reacquired a property, there shall be deducted in computing the adjusted cost base to the elector of the property at any time after the reacquisition the amount, if any, by which (a) the amount determined by the formula A is the amount designated in the election under subsection 110.6(19) in respect of the property, and B is the fair market value of the property at the end of February 22, 1994 (b) where the property is an interest in or a share of the capital stock of a flow-through entity (within the meaning assigned by subsection 39.1(1)), 4/3 of the taxable capital gain that would have resulted from the election if the amount designated in the election were equal to the fair market value of the property at the end of February 22, 1994 and, in any other case, the fair market value of the property at the end of February 22, 1994. Disposition of partnership interest
lui, immédiatement avant la disposition de ces actions; c) la disposition des actions échangées était une disposition admissible effectuée par le particulier. Règle spéciale — exploitation active d’une entreprise
Where an elector is deemed by subsection 110.6(19) to have disposed of an interest in a partnership, in computing the adjusted cost base to the elector of the interest immediately before the disposition (a) there shall be added the amount determined by the formula A is the total of all amounts each of which is the elector’s share of the partnership’s income (other than a taxable capital gain from the disposition of a property) from a source or from sources in a particular place for its fiscal period that includes February 22, 1994, B is the total of all amounts each of which is the elector’s share of the partnership’s loss (other than an allowable capital loss from the disposition of a property) from a source or from sources in a particular place for that fiscal period, C is the number of days in the period that begins the first day of that fiscal period and ends February 22, 1994, D is the number of days of that fiscal period, and E is 4/3 of the amount that would be determined under paragraph 3(b) in computing the elector’s income for the taxation year in which that fiscal period ends if the elector had no taxable capital gains or allowable capital losses other than those arising from dispositions of property by the partnership that occurred before February 23, 1994; and (b) there shall be deducted the amount that would be determined under paragraph 110.6(23)(a) if the formula in that paragraph were read as Time for election
Pour l’application des définitions figurant au paragraphe (1), le bien détenu à un moment donné par une société qui, en l’absence du présent paragraphe, serait considérée comme exploitant activement une entreprise à ce moment est réputé être utilisé ou détenu par la société dans le cours de l’exploitation active de cette entreprise si le bien (ou un autre bien pour lequel le bien est un bien substitué), au cours de la période de 36 mois se terminant à ce moment, fait que celle-ci : a) soit émis une créance ou une action d’une catégorie de son capital-actions afin d’obtenir de l’argent qui servira soit à acquérir un bien à utiliser ou à détenir en vue de tirer un revenu d’une entreprise exploitée activement par elle, soit à faire des dépenses en vue de tirer un revenu d’une telle entreprise; b) soit disposé d’un bien utilisé ou détenu dans le cours de l’exploitation active d’une entreprise afin d’obtenir de l’argent qui servira soit à acquérir un bien à utiliser ou à détenir en vue de tirer un revenu d’une entreprise exploitée activement par elle, soit afin de faire des dépenses en vue de tirer un revenu d’une telle entreprise; c) soit accumulé un revenu provenant d’une entreprise exploitée activement par elle soit afin d’acquérir un bien à utiliser ou à détenir en vue de tirer un revenu d’une entreprise exploitée activement par elle, soit afin de faire des dépenses en vue de tirer un revenu d’une telle entreprise. Règle spéciale — disposition admissible
An election made under subsection 110.6(19) shall be filed with the Minister (a) where the elector is an individual (other than a trust), (i) if the election is in respect of a business of the elector, on or before the individual's filing-due date for the taxation year in which the fiscal period of the business that includes February 22, 1994 ends, (ii) in any other case, on or before the individual's balance-due day for the 1994 taxation year; and (b) where the elector is a personal trust, on or before March 31 of the calendar year following the calendar year in which the taxation year of the trust that includes February 22, 1994 ends. Revocation of election
La disposition, par un particulier, d’une action ordinaire d’une entreprise exploitée activement qui, en l’absence du présent paragraphe, serait une disposition admissible du particulier est réputée ne pas être une telle disposition, à moins que l’entreprise exploitée activement par la société visée à l’alinéa a) de la définition de société exploitant activement une entreprise au paragraphe (1) n’ait été exploitée principalement au Canada : a) soit, si la période ayant commencé au moment de la dernière acquisition de l’action ordinaire par le particulier et s’étant terminée au moment de la disposition compte moins de 730 jours, tout au long de cette période; Income Tax PART I Income Tax DIVISION B Computation of Income
Subject to subsection 110.6(28), an elector may revoke an election made under subsection 110.6(19) by filing a written notice of the revocation with the Minister before 1998. Late election
Special rule — no exceptions (b) a specified financial institution; Impôt sur le revenu
Where an election made under subsection 110.6(19) is filed with the Minister after the day (referred to in this subsection and subsections 110.6(27) and 110.6(29) as the "election filing date") on or before which the election is required by subsection 110.6(24) to have been filed and on or before the day that is 2 years after the election filing date, the election shall be deemed for the purposes of this section (other than subsection 110.6(29)) to have been filed on the election filing date if an estimate of the penalty in respect of the election is paid by the elector when the election is filed with the Minister. Amended election
Subject to subsection 110.6(28), an election under subsection 110.6(19) in respect of a property or a business is deemed to be amended and the election, as amended, is deemed for the purpose of this section (other than subsection 110.6(29)) to have been filed on the election filing date if (a) an amended election in prescribed form in respect of the property or the business is filed with the Minister before 1998; and (b) an estimate of the penalty, if any, in respect of the amended election is paid by the elector when the amended election is filed with the Minister. Election that cannot be revoked or amended
An election under subsection 110.6(19) cannot be revoked or amended where the amount designated in the election exceeds 11/10 of (a) if the election is in respect of a property other than an interest in a partnership, the fair market value of the property at the end of February 22, 1994; (b) if the election is in respect of an interest in a partnership, the greater of $1 and the fair market value of the property at the end of February 22, 1994; and (c) if the election is in respect of a business, the greater of $1 and the fair market value at the end of February 22, 1994 of all the eligible capital property owned at that time by the elector in respect of the business.
The penalty in respect of an election to which subsection 110.6(26) or 110.6(27) applies is the amount determined by the formula A is the number of months each of which is a month all or part of which is during the period that begins the day after the election filing date and ends the day the election or amended election is filed with the Minister; and B is the total of all amounts each of which is the taxable capital gain of the elector or a spouse or common-law partner of the elector that results from the application of subsection 110.6(19) to the property or the business in respect of which the election is made less, where subsection 110.6(27) applies to the election, the total of all amounts each of which would, if the Act were read without reference to subsections 110.6(20) and 110.6(27), be the taxable capital gain of the elector or a spouse or common-law partner of the elector that resulted from the application of subsection 110.6(19) to the property or the business.
b) soit, dans les autres cas, pendant au moins 730 jours de cette période. Règle spéciale — exceptions
The Minister shall, with all due dispatch, examine each election to which subsection 110.6(26) or 110.6(27) applies, assess the penalty payable and send a notice of assessment to the elector who made the election, and the elector shall pay forthwith to the Receiver General the amount, if any, by which the penalty so assessed exceeds the total of all amounts previously paid on account of that penalty.
Pour l’application du présent article, n’est pas une société admissible exploitant une petite entreprise ou une société exploitant activement une entreprise la société qui est, selon le cas : a) une société professionnelle; b) une institution financière déterminée; c) une société dont l’entreprise principale consiste à louer, à aménager ou à vendre des biens immeubles ou réels dont elle est propriétaire, ou à faire plusieurs de ces activités; d) une société dont plus de 50 % de la juste valeur marchande des biens (déduction faite des dettes contractées pour acquérir les biens) est attribuable à des biens immeubles ou réels. Inapplication de l’article 48.1
If an amount is included in an individual’s income for a particular taxation year because of subparagraph 40(1)(a)(iii) in respect of a disposition of property in a preceding taxation year that, at the time of the disposition, is qualified farm or fishing property, a qualified small business corporation share, qualified farm property or qualified fishing property, the total of all amounts deductible by the individual for the particular year under this section is reduced by the amount, if any, determined by the formula A is the total of all amounts each of which is an amount deductible under this section by the individual for the particular year or a preceding taxation year, computed without reference to this subsection; and B is the total of all amounts each of which is an amount that would be deductible under this section by the individual for the particular year or a preceding taxation year if the individual had not for any preceding taxation year claimed a reserve under subparagraph 40(1)(a)(iii) and had claimed, for each taxation year ending before the particular year, the amount that would have been deductible under this section. Capital gains deduction for qualifying business transfer — conditions
L’article 48.1 n’est pas pris en compte lorsqu’il s’agit de déterminer si une action détenue par un particulier est une action déterminée de petite entreprise du particulier. Règle anti-évitement
(a) no individual has prior to the disposition time sought a deduction under this section in respect of a disposition of shares that, at the time of that disposition, derived their value from an active business that is also relevant to the determination of whether the disposition of the subject shares satisfies the condition set out in paragraph (a) of the definition qualifying business transfer in subsection 248(1); (b) throughout the 24 months immediately preceding the disposition time, (i) the subject shares were not owned by anyone other than the individual or a person or partnership related to the individual, and (ii) more than 50% of the fair market value of the subject shares was derived from assets which were used principally in an active business; (c) immediately before the disposition time, (i) the subject corporation and each corporation affiliated with the subject corporation in which the subject corporation owns (directly or indirectly) shares is not a professional corporation, and (ii) the trust does not control a corporation whose employees are beneficiaries of the trust; (i) the individual is at least 18 years of age, (ii) throughout any 24-month period ending before the disposition time, the individual, or a spouse or common-law partner of the individual, was actively engaged on a regular and continuous basis in the business that is relevant to the determination of whether the subject shares satisfy the condition set out in paragraph (a) of the definition qualifying business transfer in subsection 248(1), and (iii) at least 75% of the beneficiaries of the trust are resident in Canada; and (e) the trust, any purchaser corporation owned by the trust, the individual and any other individual entitled to a deduction under subsection (2) in respect of the qualifying business transfer (i) jointly elect, in prescribed form, for the deduction provided under subsection (2) to apply in respect of the disposition of the subject shares, (ii) include the following information in the election: (A) an amount (in this paragraph referred to as the “elected amount”) equal to the total amount of capital gains that the parties agree may be eligible for a deduction under subsection (2) with respect to the qualifying business transfer, not exceeding $10,000,000, and (B) if more than one individual is eligible for a deduction in respect of the qualifying business transfer, the percentage of the elected amount that is assigned to each eligible individual (provided that the total percentages assigned to all individuals cannot exceed 100%), and (iii) file the election with the Minister on or before the trust’s filing-due date for the taxation year that includes the disposition time. Capital gains deduction — qualifying business transfers
Le montant de report autorisé d’un particulier relativement à une disposition admissible d’actions émises par une société (appelées « nouvelles actions » au présent paragraphe) est réputé nul si les conditions suivantes sont réunies : a) les nouvelles actions (ou des actions de remplacement) ont été émises au particulier, ou à une personne qui lui est liée, dans le cadre d’une série d’opérations ou d’événements comportant : (i) soit la disposition d’actions du capital-actions d’une société (appelées « anciennes actions » au présent paragraphe) par le particulier ou une personne qui lui est liée; (ii) soit la réduction du capital versé au titre des anciennes actions ou la réduction de leur prix de base rajusté pour le particulier ou une personne qui lui est liée; b) les nouvelles actions (ou des actions pour lesquelles les nouvelles actions sont des biens substitués) ont été émises : (i) par la société qui a émis les anciennes actions, (B) the individual, or [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations:] 2001, c. 17, s. 29; 2003, c. 15, s. 70; 2010, c. 12, s. 2; 2013, c. 34, ss. 166, 187. (a) where a taxpayer, (i) soit par la société qui a émis les anciennes actions, (ii) soit par une société qui, au moment de l’émission des nouvelles actions ou immédiatement après ce moment, était une société ayant un lien de dépendance : (A) ou bien avec la société qui a émis les anciennes actions, (B) ou bien avec le particulier, (iii) soit par une société qui a acquis les anciennes actions (ou par une autre société qui lui est liée), dans le cadre de l’opération ou de l’événement, ou de la série d’opérations ou d’événements, comprenant l’acquisition des anciennes actions; c) il est raisonnable de conclure que l’une des principales raisons de la série d’opérations ou d’événements, ou d’une opération de la série, était de permettre au particulier, à des personnes qui lui sont liées ou au particulier et à des personnes qui lui sont liées de déduire, en application du paragraphe (2), des reports autorisés relativement à des dispositions admissibles de nouvelles actions (ou d’actions de remplacement) dont le total excéderait le total que ces personnes auraient été en mesure de déduire, en application de ce paragraphe, au titre de montants de report autorisés relativement à des dispositions admissibles d’anciennes actions. Ordre de disposition des actions
If this subsection applies to an individual, in computing the taxable income for a taxation year of the individual, there may be deducted such amount as the individual may claim not exceeding the least of (a) the amount that would be determined in respect of the individual for the year under paragraph 3(b) (to the extent that that amount is not included in computing an amount determined under paragraph 110.6(2)(d) or (2.1)(d) for the individual) in respect of capital gains and capital losses if the only properties referred to in paragraph 3(b) were the subject shares of the individual, and (b) an amount determined by the formula A is the elected amount (within the meaning of clause (1)(e)(ii)(A)) included in the joint election referred to in paragraph (1)(e), (i) 1, unless more than one individual is entitled to a deduction under this subsection in respect of the qualifying business transfer, (ii) the percentage assigned to the individual in the joint election referred to in paragraph (1)(e), if a percentage is assigned to the individual in accordance with clause (1)(e)(ii)(B), and C is the fraction of the taxpayer’s capital gain from the disposition of the subject shares that is a taxable capital gain under paragraph 38(a) that applies to the subject shares in the year, and D is the total of each amount claimed by the taxpayer under this subsection in a prior taxation year in respect of the disposition of the subject shares multiplied by the amount determined by the formula E is the fraction of a capital gain that is a taxable capital gain under paragraph 38(a) in the current year, and F is the fraction of a capital gain that is a taxable capital gain under paragraph 38(a) in the prior year in respect of the disposition of the subject shares. Disqualifying event
Pour l’application du présent article, un particulier est réputé disposer d’actions qui sont des biens identiques dans l’ordre dans lequel il les a acquis. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent codification; voir les lois et règlements modificatifs appropriés :] 2001, ch. 17, art. 29; 2003, ch. 15, art. 70; 2010, ch. 12, art. 2; 2013, ch. 34, art. 166, 187. Bien affecté à plus d’un usage 45 (1) Les règles suivantes s’appliquent dans le cadre de la présente sous-section : a) un contribuable : (i) soit qui a acquis un bien à une autre fin et qui commence, à un moment postérieur, à l’utiliser en vue de gagner un revenu, (ii) soit qui a acquis un bien en vue de gagner un revenu et qui commence, à un moment postérieur, à l’utiliser à une autre fin, est réputé : Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this section, a disqualifying event in respect of a qualifying business transfer occurs at the earliest of (a) the time when the trust that participated in the qualifying business transfer ceases to be an employee ownership trust, (b) the time that is the beginning of the taxation year of a qualifying business of the trust in which less than 50% of the fair market value of the shares of the qualifying business is attributable to assets used principally in an active business carried on by one or more qualifying businesses controlled by the trust at both that time and at the beginning of the preceding taxation year of the qualifying business. Consequences of a disqualifying event
(d) for the purposes of this subsection, where a taxpayer not resident in Canada, the reference to "a (d) in applying this subsection in respect of a non-resident taxpayer, a reference to “gaining or producing income” shall be read as a reference to “gaining or producing income from a source in Canada”. Election where change of use Income Tax PART I Income Tax DIVISION B Computation of Income Sections 45-46 (NOTE: Application provisions are not included in the consolidated text see relevant amending Acts and regulations.) R.S., 1985, c. 1 (5th Supp.), s. 45; 1994, c. 7, Sch. II, s. 26, c. 21, s. 18; 1996, c. 21, s. 10; 2000, c. 12, s. 142; 2001, c. 17, s. 300; 2021, c. 23, s. 6. Personal-use property (ii) the amount determined under subparagraph 46(2)(a)(ii). --- a) le prix de base rajusté, pour lui, immédiatement avant la disposition de la partie dont il a ainsi disposé, est réputé être le plus élevé des montants suivants : (i) le prix de base rajusté à ce moment de cette partie du bien, pour le contribuable, calculé par ailleurs, (ii) la fraction de 1 000 $ que représente le montant calculé en vertu du sous-alinéa (i) par rapport au prix de base rajusté de tout le bien, pour le contribuable, à ce moment; b) le produit de disposition de la partie dont il a été ainsi disposé est réputé être le plus élevé des montants suivants : (i) le produit de disposition calculé par ailleurs, (ii) le montant calculé en vertu du sous-alinéa a)(ii). Biens normalement vendus comme un tout
If a disqualifying event in respect of a qualifying business transfer occurs (a) within 24 months of the disposition time for the qualifying business transfer, subsection (2) is deemed to have never applied in respect of the subject shares disposed of under the qualifying business transfer; or (b) any time after the day that is 24 months after the disposition time for the qualifying business transfer, in computing the income of the trust that participated in the qualifying business transfer, the trust is deemed to have a gain equal to the elected amount (within the meaning of clause (1)(e)(ii)(A)) included in the joint election referred to in paragraph (1)(e), for the year in which the disqualifying event occurs, from the disposition of a capital property. Anti-avoidance
Pour l’application de la présente sous-section, si un certain nombre de biens à usage personnel d’un contribuable qui feraient normalement l’objet d’une seule disposition en cas de disposition de ces biens : a) d’une part, ont fait l’objet de plus d’une disposition, de manière que tous les biens soient acquis par la même personne ou par un groupe de personnes qui ont des liens de dépendance; b) d’autre part, avaient, immédiatement avant la première disposition visée à l’alinéa a), une juste valeur marchande totale supérieure à 1 000 $, les biens sont réputés être un seul bien à usage personnel et chacune de ces dispositions est réputée être la disposition d’une partie de ce bien. Diminution de la valeur de biens à usage personnel d’une société, etc.
Despite any other provision in this section, subsection (2) does not apply in respect of a qualifying business transfer if it is reasonable to consider that one of the purposes of any transaction (as defined in subsection 245(1)), or series of transactions, is to (a) involve the trust (or the purchaser corporation) in the qualifying business transfer to accommodate the direct or indirect acquisition of subject shares (or the acquisition of all or substantially all of the risk of loss and opportunity for gain or profit in respect of the subject shares) by another person or partnership (other than the trust or the purchaser corporation) in a manner that permits an individual to claim a deduction under subsection (2) that would otherwise not be available; or (b) organize or reorganize a subject corporation or any other corporation, partnership or trust in a manner that allows a deduction to be claimed under subsection (2) in respect of more than one qualifying business. business transfer of a business that is relevant to the determination of whether subject shares satisfied the condition set out in paragraph (a) of the definition qualifying business transfer in subsection 248(1). Failure to report capital gain
Lorsqu’il est raisonnable de considérer, en raison d’une diminution de la juste valeur marchande d’un bien à usage personnel quelconque d’une société, une société de personnes ou une fiducie : a) soit que le gain qu’un contribuable tire éventuellement de la disposition d’une action du capital-actions d’une société, d’un droit relatif à une fiducie ou d’une participation dans une société de personnes, s’est transformé en perte ou est moins élevé que si la diminution ne s’était pas produite; Excluded property (NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 46; 2001, c. 17, s. 31. Identical properties b) soit que la perte qu’un contribuable peut éventuellement subir du fait de la disposition de l’action ou de la participation visée à l’alinéa a) est plus élevée que ce qu’elle aurait été si la diminution ne s’était pas produite, le montant du gain ou de la perte, selon le cas, est réputé être le montant qui aurait été obtenu si la diminution ne s’était pas produite. Bien exclu
Despite subsection (2), no amount may be deducted under this section in respect of a capital gain of an individual for a particular taxation year in computing the individual’s taxable income for the particular taxation year or any subsequent year, if (a) the individual knowingly or under circumstances amounting to gross negligence (i) fails to file the individual’s return of income for the particular taxation year within one year after the taxpayer’s filing-due date for the particular taxation year, or (ii) fails to report the capital gain in the individual’s return of income for the particular taxation year; or (b) the Minister establishes the facts justifying the denial of such an amount under this section. Deduction not permitted
Pour l’application du présent article, bien exclu d’un contribuable s’entend d’un bien qu’il a acquis, ou qu’a acquis une personne avec laquelle il n’a un lien de dépendance, dans des circonstances où il est raisonnable de conclure que l’acquisition du bien a trait à un arrangement, un mécanisme, un plan ou un stratagème dont une autre personne ou une société de personnes fait la promotion et au sujet duquel il est raisonnable de conclure que le bien fera l’objet d’un don auquel s’applique le paragraphe 110.1(1) ou les définitions de total des dons de bienfaisance, total des dons de biens culturels ou total des dons de biens écologiques au paragraphe 118.1(1). (NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés : L.R., 1985, ch. 1 (5e suppl.), art. 46; 2001, ch. 17, art. 31. Biens identiques 47 (1) Lorsque, à un moment donné après 1971, un contribuable est ou est propriétaire d’un bien acquis par lui après 1971 ou de plusieurs biens identiques dont chacun a été acquis par lui après 1971 acquiert un ou plusieurs autres biens (appelés « les biens nouvellement acquis » au présent paragraphe) chacun desquels est identique à chaque bien acquis antérieurement, pour le calcul, à un moment ultérieur, du prix de base rajusté, pour le contribuable, de chacun de ces biens identiques : a) le contribuable est réputé avoir disposé de chaque bien acquis antérieurement, immédiatement avant le moment donné, pour un produit égal à son prix de base rajusté, pour le contribuable, immédiatement avant le moment donné; b) le contribuable est réputé avoir acquis chacun de ces biens identiques au moment donné, à un coût égal au quotient de la division : (i) du total des prix de base rajustés, pour le contribuable, immédiatement avant le moment donné, des biens acquis antérieurement et du coût supporté par lui (déterminé comme tenu non du présent article) des biens nouvellement acquis, par : A/B where [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.]
Despite subsection (2), no amount may be deducted under this section in computing an individual’s taxable income for a taxation year in respect of a capital gain of the individual for the taxation year if the capital gain is from a disposition of property which disposition is part of a series of transactions or events (a) that includes a dividend received by a corporation to which dividend subsection 55(2) does not apply but would apply if this Act were read without reference to paragraph 55(3)(b); or (b) in which any property is acquired by a corporation or partnership for consideration that is significantly less than the fair market value of the property at the time of acquisition (other than an acquisition as the result of an amalgamation or merger of corporations or the winding-up of a corporation or partnership or the distribution of property of a trust in satisfaction of all or part of a corporation’s capital interest in the trust). Deduction not permitted
R., 1985, ch. 1 (5e suppl.), art. 47; 1995, ch. 21, art. 13, 2001, ch. 17, art. 32. A × B/C where [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1984, c. 1, s. 17; 1985, c. 45, ss. 19, 126(7); 1986, c. 6, s. 20; c. 55, s. 7. 48 [Repealed, 1994, c. 21, s. 19(1)] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 48; 1994, c. 21, s. 19.
Despite subsection (2), if an individual has a capital gain for a taxation year from the disposition of a property and it can reasonably be concluded, having regard to all the circumstances, that a significant part of the capital gain is attributable to the fact that dividends were not paid on a share (other than a prescribed share within the meaning of subsection 110.6(8)) or that dividends paid on such a share in the taxation year or in any preceding taxation year were less than 90% of the average annual rate of return on that share for that year, no amount in respect of that capital gain shall be deducted under this section in computing the individual’s taxable income for the year. Average annual rate of return
Income Tax PART I Income Tax DIVISION B Computation of Income
For the purpose of subsection (8), the average annual rate of return on a share (other than a prescribed share within the meaning of subsection 110.6(8)) of a corporation for a taxation year is the annual rate of return by way of dividends that a knowledgeable and prudent investor who purchased the share on the day it was issued could expect to receive in that year, other than the first year after the issue, in respect of the share if (a) there was no delay or postponement of the payment of dividends and no failure to pay dividends in respect of the share; (b) there was no variation from year to year in the amount of dividends payable in respect of the share (other than where the amount of dividends payable is expressed as an invariant percentage of or by reference to an invariant difference between the dividend expressed as a rate of interest and a generally quoted market interest rate); and (c) the proceeds to be received by the investor on the disposition of the share are the same amount the corporation received as consideration on the issue of the share. Deduction not permitted
(i) the proceeds of disposition determined under subsection 48.1(1) exceed (ii) the amount referred to in subparagraph 48.1(1)(c)(i) Impôt sur le revenu
If it is reasonable to consider that one of the main reasons for an individual acquiring, holding or having an interest in a partnership or trust (other than an interest in a personal trust) or for the existence of any terms, conditions, rights or other attributes of the interest is to enable the individual to receive or have allocated to the individual a percentage of any capital gain or taxable capital gain of the partnership or trust that is larger than the individual’s percentage of the income of the partnership or trust, as the case may be, despite any other provision of this Act, no amount may be deducted under subsection (2) by the individual in respect of any such gain allocated or distributed to the individual. Related persons, etc.
For the purposes of this section, (a) a taxpayer shall be deemed to have disposed of shares that are identical properties in the order in which the taxpayer acquired them; (b) a personal trust shall be deemed (i) to be related to a person or partnership for any period throughout which the person or partnership was a beneficiary of the trust, and (ii) in respect of shares of the capital stock of a corporation, to be related to the person from whom it acquired those shares if, at the time the trust disposed of the shares, all of the beneficiaries (other than registered charities) of the trust were related to that person or would have been so related if that person were living at that time; (c) a partnership shall be deemed to be related to a person for any period throughout which the person was a member of the partnership; (d) a person who is a member of a partnership that is a member of another partnership is deemed to be a member of the other partnership; (e) if a corporation acquires shares of a class of the capital stock of another corporation from any person, it shall be deemed in respect of those shares to be related to the person if all or substantially all the consideration received by that person from the corporation in respect of those shares was common shares of the capital stock of the corporation; and (f) shares issued by a corporation to a particular person or partnership shall be deemed to have been owned immediately before their issue by a person who was not related to the particular person or partnership unless the shares were issued (i) as consideration for other shares, (ii) as part of a transaction or series of transactions in which the person or partnership disposed of property to the corporation that consisted of (A) all or substantially all the assets used in an active business carried on by that person or the members of that partnership, or (B) an interest in a partnership all or substantially all the assets of which were used in an active business carried on by the members of the partnership, or (iii) as payment of a stock dividend. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2024, c. 17, s. 80. Residing in prescribed zone
(a) the total of all amounts each of which is the amount, in respect of a particular period during the taxation year, determined by the formula A is the specified percentage for the particular area in which the taxpayer resided during the particular period, and B is the total trip costs to the taxpayer in respect of trips that begin during the particular period; and (i) 20% of the taxpayer’s income for the year, and (ii) the total of all amounts each of which is the product obtained by multiplying the specified percentage for a particular area for the year in which the taxpayer so resided by the total of (A) $11.00 multiplied by the number of days in the year included in the qualifying period in which the taxpayer resided in the particular area, and (B) $11.00 multiplied by the number of days in the year included in that portion of the qualifying period throughout which the taxpayer maintained and resided in a self-contained domestic establishment in the particular area (except any day included in computing a deduction claimed under this paragraph by another person who resided on that day in the establishment). Specified percentage (a) where the area is a prescribed northern zone for the year, 100%; and (b) where the area is a prescribed intermediate zone for the year, 50%. Restriction
The total of all amounts determined under paragraph (1)(a) for all taxpayers in a taxation year in respect of an individual shall not be in respect of more than two trips made by the individual that begin in the year (other than trips to obtain medical services that are not available in the locality in which the taxpayer resided). Additional restrictions (3.1) For the purpose of paragraph (1)(a), an amount may only be included in the amount determined for B for a particular area for a taxation year if (a) the amount is not otherwise deducted in computing the income for any taxation year of any individual (except by an employer under section 9 if it is included in an employee’s income); (b) the amount is not included in determining an amount deducted under subsection 118.2(1) for any taxation year; (c) the amount is in respect of trips made by the taxpayer or an eligible family member of the taxpayer that begin during the part of the year in which the taxpayer resided in the particular area; and (d) neither the taxpayer nor an eligible family member of the taxpayer is at any time entitled to a reimbursement or any form of assistance (other than a Restriction reimbursement or assistance included in computing the income of the taxpayer or the eligible family member) in respect of trips to which paragraph (c) applies. Additional restriction (3.2) If all amounts determined under paragraph 7304(2)(a) of the Income Tax Regulations are nil in respect of trips (beginning in the taxation year) made by an individual, the total of all amounts determined for B in paragraph (1)(a) in the taxation year for all taxpayers in respect of the individual must not exceed the standard amount for the individual for the taxation year. Deemed standard amount (3.3) If an employer-provided travel benefit was claimed by a taxpayer in respect of an individual in respect of the taxation year, the standard amount for the individual is deemed to be nil for the taxation year. Board and lodging allowances, etc.
a) avoir disposé de l’action, au moment donné, pour un produit de disposition égal au plus élevé des montants suivants : (i) le prix de base rajusté de l’action, pour lui, à ce moment, (ii) le moins élevé de la juste valeur marchande de l’action à ce moment et du montant que le particulier désigne au titre de l’action dans la formule prescrite; b) avoir acquis l’action de nouveau immédiatement après le moment donné à un coût égal au produit de disposition visé à l’alinéa a). Moment du choix
The amount determined under subparagraph (1)(b)(ii) for a particular area for a taxpayer for a taxation year shall not exceed the amount by which the amount otherwise determined under that subparagraph for the particular area for the year exceeds the value of, or an allowance in respect of expenses incurred by the taxpayer for, the taxpayer's board and lodging in the particular area (other than at a work site described in paragraph 67.1(2)(e)) that (a) would, but for subparagraph 6(6)(a)(i), be included in computing the taxpayer's income for the year; and (b) can reasonably be considered to be attributable to that portion of the qualifying period that is in the year and during which the taxpayer maintained a self-contained domestic establishment as the taxpayer's principal place of residence in an area other than a prescribed northern zone or a prescribed intermediate zone for the year.
Le choix d’un particulier pour une année d’imposition doit être fait au plus tard à la date d’échéance de production qui lui est applicable pour l’année. Choix tardif
Where on any day an individual resides in more than one particular area referred to in subsection 110.7(1), for the purpose of that subsection, the individual shall be deemed to reside in only one such area on that day.
Le choix visé au paragraphe (2) qui n’a pas été fait dans le délai imparti est réputé, pour l’application des paragraphes (1) et (2), avoir été fait dans ce délai si, au plus tard deux ans après l’expiration de ce délai : a) le choix est fait selon le formulaire prescrit; b) le particulier paie, au moment où il fait le choix, le montant estimatif de la pénalité y afférente. Pénalités pour choix tardif
The following definitions apply in this section. eligible family member of a taxpayer, at any time, means a member of the taxpayer’s household who is at that time (b) a child of the taxpayer (including a child of the taxpayer’s spouse or common-law partner) under the age of 18; or (c) another individual who is (i) related to the taxpayer, (ii) wholly dependent for support on the taxpayer, the taxpayer’s spouse or common-law partner, or both of them, and employer-provided travel benefits, to a taxpayer in respect of a trip made by the taxpayer or their eligible family member, means the total amount of (a) the value of travel assistance, if any, provided to the taxpayer in respect of the taxpayer’s employment in respect of travel expenses for the trip; and (b) the amount, if any, received by the taxpayer in respect of the taxpayer’s employment in respect of travel expenses for the trip. (avantages relatifs aux voyages tirés de l’emploi) trip cost has the meaning prescribed by regulation. (frais de voyage) (Note: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.)
Pour l’application du présent article, la pénalité relative à un choix visé à l’alinéa (3)a) est égale au moins élevé des montants suivants : a) 0,25 % de l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii), pour chaque mois ou partie de mois de la période commençant à la date d’exigibilité du choix et se terminant au moment où le choix est fait : (i) le produit de disposition déterminé en application du paragraphe (1), (ii) le montant visé au sous-alinéa (1)a)(i); Unpaid balance of penalty NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1994, c. 7, Sch. II, s. 126; 1996, c. 21, s. 11; 1998, c. 19, s. 91; 2001, c. 17, s. 33; 2007, c. 35, s. 68; 2011, c. 24, s. 7. Granting of options (a) an option to acquire or to dispose of a principal residence, Expired option — shares b) le produit de la multiplication de 100 $ par le nombre de mois tombant, en tout ou en partie, dans la période visée à l’alinéa a). Solde impayé de la pénalité
Non-capital losses (a) non-capital losses for the 20 taxation years immediately preceding and the 3 taxation years immediately following the year; Restricted interest and financing expenses (a.1) restricted interest and financing expenses for taxation years preceding the year, but no amount is deductible for the year in respect of restricted interest and financing expenses except to the extent of the amount determined by the formula A is the amount that would be the taxpayer’s excess capacity for the year if the amount determined for C in paragraph (b) of the definition excess capacity in subsection 18.2(1) were nil, and B is the total of all amounts, each of which is an amount of received capacity (as defined in subsection 18.2(1)) of the taxpayer for the year; (b) net capital losses for taxation years preceding and the three taxation years immediately following the year; Restricted farm losses (c) restricted farm losses for the 20 taxation years immediately preceding and the 3 taxation years immediately following the year, but no amount is deductible for the year in respect of restricted farm losses except to the extent of the taxpayer’s income for the year from all farming businesses carried on by the taxpayer; (d) farm losses for the 20 taxation years immediately preceding and the 3 taxation years immediately following the year; and Limited partnership losses (e) limited partnership losses in respect of a partnership for taxation years preceding the year, but no amount is deductible for the year in respect of a limited partnership loss except to the extent of the amount by which (i) the taxpayer’s at-risk amount in respect of the partnership (within the meaning assigned by subsection 96(2.2)) at the end of the last fiscal period of the partnership ending in the taxation year (ii) the total of all amounts each of which is (A) the amount required by subsections 127(8), 127.4(11), 127.45(8), 127.48(12) or 127.49(8) in respect of the partnership to be added in computing the investment tax credit, the CCUS tax credit (as defined in subsection 127.44(1)), the clean technology investment tax credit (as defined in subsection 127.45(1)), the clean hydrogen tax credit (as defined in subsection 127.48(1)) or the CTM investment tax credit (as defined in subsection 127.49(1)) of the taxpayer for the taxation year (B) the taxpayer’s share of any losses of the partnership for that fiscal period from a business or property, or (I) the foreign resource pool expenses, if any, incurred by the partnership in that fiscal period, (II) the Canadian exploration expense, if any, incurred by the partnership in that fiscal period, (III) the Canadian development expense, if any, incurred by the partnership in that fiscal period, and (IV) the Canadian oil and gas property expense, if any, incurred by the partnership in that fiscal period. (1.1) Notwithstanding paragraph 111(1)(b), the amount that may be deducted under that paragraph in computing a taxpayer’s taxable income for a particular taxation year is the total of (i) the amount, if any, determined under paragraph 3(b) in respect of the taxpayer for the particular year, and (ii) the total of all amounts each of which is an amount determined by the formula A is the amount claimed under paragraph 111(1)(b) for the particular year by the taxpayer in respect of a net capital loss for a taxation year (in this paragraph referred to as the "loss year"), B is the fraction that would be used for the particular year under section 38 in respect of the taxpayer if the taxpayer had a capital loss for the particular year, and C is the fraction required to be used under section 38 in respect of the taxpayer for the loss year; (b) where the taxpayer is an individual, the least of (ii) the taxpayer's pre-1986 capital loss balance for the particular year, and (iii) the amount, if any, by which (A) the amount claimed under paragraph 111(1)(b) in respect of the taxpayer's net capital losses for the particular year (B) the total of the amounts in respect of the taxpayer's net capital losses that, using the formula in subparagraph 111(1.1)(a)(ii), would be required to be claimed under paragraph 111(1)(b) for the particular year to produce the amount determined under paragraph 111(1.1)(a) for the particular year; and (c) the amount, if any, that the Minister determines to be reasonable in the circumstances for the particular year after considering the application to the taxpayer of subsections 104(21.6), 130.1(4), 131(1) and 138.1(3.2) as they read in their application to the taxpayer's last taxation year that began before November 2011.
Le ministre, avec diligence, examine chaque choix visé à l’alinéa (3)a), calcule le montant de la pénalité payable et envoie un avis de cotisation au particulier; le particulier doit, sans délai, payer au receveur général l’excédent éventuel du montant de la pénalité ainsi calculé sur l’ensemble des montants antérieurement payés au titre de cette pénalité. NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois modificatives appropriées.] 1994, ch. 7, ann. II, art. 126; 1996, ch. 21, art. 11; 1998, ch. 19, art. 91; 2001, ch. 17, art. 33; 2007, ch. 35, art. 68; 2011, ch. 24, art. 7. Octroi d’options 49 (1) Sous réserve des paragraphes (3) et (3.1) et pour l’application de la présente sous-section, l’octroi d’une option autre qu’une option visée à l’une des alinéas suivantes est réputé, pour celui qui donne l’option, immédiatement avant l’octroi, être une disposition d’un bien dont le coût indiqué est nul, sauf s’il s’agit d’une des options suivantes : a) une option portant sur l’acquisition ou la disposition d’une résidence principale; b) une option donnée par une société pour l’acquisition d’actions de son capital-actions ou d’obligations qu’elle doit émettre; c) une option donnée par une fiducie pour l’acquisition d’unités qu’elle doit émettre. Option expirée — actions
Where a taxpayer dies in a taxation year, for the purpose of computing the taxpayer's taxable income for that year and the immediately preceding taxation year, the following rules apply: (a) paragraph 111(1)(b) shall be read as follows: "111(1)(b) the taxpayer's net capital losses for all taxation years not claimed for the purpose of computing the taxpayer's taxable income for any other taxation year;"; and (b) paragraph 111(1.1)(b) shall be read as follows: "111(1.1)(b) the amount, if any, by which (i) the amount claimed under paragraph 111(1)(b) in respect of the taxpayer’s net capital losses for the particular year exceeds the total of (ii) all amounts in respect of the taxpayer’s net capital losses that, using the formula in subparagraph 111(2)(a)(ii), would be required to be claimed under paragraph 111(1)(b) for the particular year to produce the amount determined under paragraph 111(2)(a) for the particular year, and (iii) all amounts each of which is an amount deducted under section 110.6 in computing the taxpayer’s taxable income for a taxation year, except to the extent that, where the particular year is the year in which the taxpayer died, the amount, if any, by which the amount determined under subparagraph 111(2)(b)(i) in respect of the taxpayer for the immediately preceding taxation year exceeds the amount so determined under subparagraph 111(2)(b)(ii)." (a) an amount in respect of a non-capital loss, restricted interest and financing expense, restricted farm loss, farm loss or limited partnership loss, as the case may be, for a taxation year is deductible, and an amount in respect of a net capital loss for a taxation year may be claimed, in computing the taxable income of a taxpayer for a particular taxation year only to the extent that it exceeds the total of (i) amounts deducted under this section in respect of that non-capital loss, restricted interest and financing expense, restricted farm loss, farm loss or limited partnership loss in computing taxable income (or, in the case of a restricted interest and financing expense, in computing a non-capital loss) for taxation years preceding the particular taxation year, (i.1) the amount that was claimed under paragraph 111(1)(b) in respect of that net capital loss for taxation years preceding the particular taxation year, (ii) amounts claimed in respect of that loss under paragraph 186(1)(c) for the year in which the loss was incurred or under paragraph 186(1)(d) for the particular taxation year and taxation years preceding the particular taxation year, and (iii) amounts claimed in respect of that limited partnership loss in computing taxable income for taxation years preceding the particular taxation year to the extent that subsection 18.2(2) denied a deduction in respect of those amounts for the preceding taxation year; and (b) no amount is deductible in respect of a non-capital loss, restricted interest and financing expense, net capital loss, restricted farm loss, farm loss or limited partnership loss, as the case may be, for a taxation year until (i) in the case of a non-capital loss, the deductible non-capital losses, (i.1) in the case of a restricted interest and financing expense, the restricted interest and financing expense, (iii) in the case of a restricted farm loss, the deductible restricted farm losses, (iv) in the case of a farm loss, the deductible farm losses, and (v) in the case of a limited partnership loss, the deductible limited partnership losses, for preceding taxation years have been deducted. Loss restriction event — capital losses
Si l’option visée à l’alinéa (1)b) expire à un moment donné, la société l’ayant octroyée est réputée avoir disposé d’un bien immobilisé à ce moment pour un produit égal à celui qu’elle a reçu pour l’octroi de l’option et le prix de base rajusté de cette immobilisation pour elle, immédiatement avant ce moment, est réputé être nul, sauf si l’un des faits ci-après s’avère : a) l’option a été octroyée par la société à une personne avec laquelle elle n’avait aucun lien de dépendance au moment de l’octroi et elle est détenue, au moment donné, par une personne sans lien de dépendance avec la société; b) il s’agit d’une option pour l’acquisition d’actions du capital-actions de la société en contrepartie de l’engagement, prévu par une convention visée à l’alinéa e) de Expired option — trust units --- la définition de frais d’exploration et d’aménagement au Canada au paragraphe 66(15), à l’alinéa i) de la définition de frais d’exploration au Canada au paragraphe 66.1(6), à l’alinéa g) de la définition de frais d’aménagement au Canada au paragraphe 66.2(5) ou à l’alinéa c) de la définition de frais à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe 66.4(5), d’effectuer une dépense visée à celui de ces alinéas qui est applicable. Option expirée — unités de fiducie (2.1) Si l’option visée à l’alinéa (1)c) expire à un moment donné et qu’elle est détenue, à ce moment, par une personne ayant un lien de dépendance avec la fiducie ou qu’elle a été accordée à une personne ayant un lien de dépendance avec la fiducie au moment où elle a été accordée, les règles ci-après s’appliquent : a) la fiducie est réputée avoir disposé d’une immobilisation à ce moment donné pour un produit égal à celui qu’elle a reçu pour l’octroi de l’option; b) le prix de base rajusté de cette immobilisation pour la fiducie immédiatement avant ce moment est réputé être nul. Levée d’une option d’achat
Notwithstanding subsection (1), and subject to subsection (5.5), if at any time (in this subsection referred to as “that time”) a taxpayer is subject to a loss restriction event, (a) no amount in respect of a net capital loss for a taxation year that ended before that time is deductible in computing the taxpayer’s taxable income for a taxation year that ends after that time; (b) no amount in respect of a net capital loss for a taxation year that ends after that time is deductible in computing the taxpayer’s taxable income for a taxation year that ends before that time; (c) in computing the adjusted cost base to the taxpayer at and after that time of each capital property, other than a depreciable property, of the taxpayer immediately before that time, there is to be deducted the amount, if any, by which the adjusted cost base to the taxpayer of the property immediately before that time exceeds its fair market value immediately before that time; (d) each amount required by paragraph (c) to be deducted in computing the adjusted cost base to the taxpayer of a property is deemed to be a capital loss of the taxpayer for the taxation year that ended immediately before that time from the disposition of the property; (e) if the taxpayer designates — in its return of income under this Part for the taxation year that ended immediately before that time or in a prescribed form filed with the Minister on or before the day that is 90 days after the day on which a notice of assessment of tax payable for the year or notification that no tax is payable for the year is sent to the taxpayer — a property that was a capital property of the taxpayer immediately before that time (other than a property in respect of which an amount would, but for this paragraph, be required by paragraph (c) to be deducted in computing its adjusted cost base to the taxpayer or a depreciable property of a prescribed class to which, but for this paragraph, subsection (5.1) would apply), (i) the taxpayer is deemed to have disposed of the property at the time that is immediately before that time for proceeds of disposition equal to the lesser of (A) the fair market value of the property immediately before that time, and (B) the greater of the adjusted cost base to the taxpayer of the property immediately before the disposition and such amount as is designated by the taxpayer in respect of the property, (ii) subject to subparagraph (iii), the taxpayer is deemed to have reacquired the property at that time at a cost equal to those proceeds of disposition, and (iii) if the property is depreciable property of the taxpayer the capital cost of which to the taxpayer immediately before the disposition exceeds those proceeds of disposition, for the purposes of sections 13 and 20 and any regulations made for the purposes of paragraph 20(1)(a), (A) the capital cost of the property to the taxpayer at that time is deemed to be the amount that was its capital cost immediately before the disposition, and (B) the excess is deemed to have been allowed to the taxpayer in respect of the property under regulations made for the purposes of paragraph 20(1)(a) in computing the taxpayer’s income for taxation years that ended before that time; and (f) for the purposes of the definition capital dividend account in subsection 89(1), each amount that because of paragraph (d) or (e) is a capital loss or gain of the taxpayer from a disposition of a property for the taxation year that ended immediately before that time is deemed to be a capital loss or gain, as the case may be, of the taxpayer from the disposition of the property immediately before the time that a capital property of the taxpayer in respect of which paragraph (e) would be applicable would be deemed by that paragraph to have been disposed of by the taxpayer. Loss restriction event — certain losses and expenses
Lorsqu’une option portant sur l’acquisition d’un bien est levée, de sorte qu’un contribuable — appelé « vendeur » au présent paragraphe — dispose d’un bien ou qu’un autre contribuable — appelé « acheteur » au présent paragraphe — acquiert un bien, pour le calcul du revenu de chacun de ces contribuables, l’octroi de l’option et sa levée sont réputés ne pas être des dispositions de bien et : a) la contrepartie que le vendeur reçoit pour l’option est incluse dans le calcul du produit de disposition du bien pour lui; b) est à inclure dans le calcul du coût du bien pour lui : (i) dans le cas où l’alinéa 53(1)j) s’appliquait à l’acquisition du bien par l’acheteur parce qu’une personne ayant un lien de dépendance avec lui était réputée avoir reçu un avantage en vertu de l’article 7, le prix de base rajusté de l’option pour l’autre personne immédiatement avant qu’elle ne dispose de l’option pour la dernière fois, (ii) dans les autres cas, le prix de base rajusté de l’option pour l’acheteur. Option to acquire specified property exercised (3.01) Where at any time a taxpayer exercises an option to acquire a specified property,
If at any time a taxpayer is subject to a loss restriction event, (a) no amount in respect of the taxpayer’s non-capital loss, restricted interest and financing expense or farm loss for a taxation year that ended before that time is deductible by the taxpayer for a taxation year that ends after that time, except that the portion of the taxpayer’s non-capital loss, restricted interest and financing expense or farm loss, as the case may be, for a taxation year that ended before that time as may reasonably be regarded as the taxpayer’s loss from carrying on a business or the taxpayer’s expense or loss incurred in the course of carrying on a business, as the case may be, and if a business was carried on by the taxpayer in that year, the portion of the non-capital loss as may reasonably be regarded as being in respect of an amount deductible under paragraph 110(1)(k) in computing the taxpayer’s taxable income for that year is deductible by the taxpayer for a particular taxation year that ends after that time (i) only if that business was carried on by the taxpayer for profit or with a reasonable expectation of profit throughout the particular year, and (ii) only to the extent of the total of the taxpayer’s income for the particular year from (A) that business, and (B) if properties were sold, leased, rented or developed or services rendered in the course of carrying on that business before that time, any other business substantially all the income of which was derived from the sale, leasing, rental or development, as the case may be, of similar properties or the rendering of similar services; and (b) no amount in respect of the taxpayer’s non-capital loss or farm loss for a taxation year that ends after that time is deductible by the taxpayer for a taxation year that ended before that time, except that, if a business was carried on by the taxpayer in that year, the portion of the non-capital loss as may reasonably be regarded as being in respect of an amount deductible under paragraph 110(1)(k) in computing the taxpayer’s taxable income for that year is deductible by the taxpayer for a particular taxation year that ends before that time (i) only if throughout the taxation year and in the particular year that business was carried on by the taxpayer for profit or with a reasonable expectation of profit, and (ii) only to the extent of the taxpayer’s income for the particular year from (A) that business, and (B) if properties were sold, leased, rented or developed or services rendered in the course of carrying on that business before that time, any other business substantially all the income of which was derived from the sale, leasing, rental or development, as the case may be, of similar properties or the rendering of similar services; Loss restriction event – cumulative unused excess capacity (5.01) If at any time a particular taxpayer is subject to a loss restriction event, the cumulative unused excess capacity of any taxpayer for any taxation year that ends after that time shall be determined without regard to any absorbed capacity, excess capacity or transferred capacity of the particular taxpayer for any taxation year that ended before that time. Loss restriction event – UCC computation (5.1) Subject to subsection (5.5), if at any time a taxpayer is subject to a loss restriction event and, if this Act were read without reference to subsection 13(24), the undepreciated capital cost to the taxpayer of depreciable property of a prescribed class immediately before that time would have exceeded the total of (a) the fair market value of all the property of that class immediately before that time, and (b) the amount in respect of property of that class otherwise allowed under regulations made under paragraph 20(1)(a) or deductible under subsection 20(16) in computing the taxpayer’s income for the taxation year that ended immediately before that time, the excess is to be deducted in computing the taxpayer’s income for the taxation year that ended immediately before that time and is deemed to have been allowed in respect of property of that class under regulations made under paragraph 20(1)(a). Loss restriction event – doubtful debts and bad debts (5.3) Subject to subsection (5.5), if at any time a taxpayer is subject to a loss restriction event, (a) no amount may be deducted under paragraph 20(1)(l) in computing the taxpayer’s income for the taxation year that ended immediately before that time; and (b) in respect of each debt owing to the taxpayer immediately before that time (i) the amount that is the greatest amount that would, but for this subsection and subsection 26(2) of this Act and subsection 33(1) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, have been deductible under paragraph 20(1)(p) (A) is deemed to be a separate debt, and (B) notwithstanding any other provision of this Act, is to be deducted as a bad debt under paragraph 20(1)(p) in computing the taxpayer’s income for its taxation year that ended immediately before that time, and (ii) the amount by which the debt exceeds that separate debt is deemed to be a separate debt incurred at the same time and under the same circumstances as the debt was incurred. Non-capital loss (5.4) Where, at any time, control of a corporation has been acquired by a person or persons, such portion of the corporation’s non-capital loss for a taxation year ending before that time as 111(5.4)(a) was not deductible in computing the corporation’s income for a taxation year ending before that time, and (b) can reasonably be considered to be a non-capital loss of a subsidiary corporation (in this subsection referred to as the “former subsidiary corporation”) from carrying on a particular business (in this subsection referred to as the “former subsidiary corporation’s loss business”) that was deemed by subsection 88(1.1) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as it read on November 12, 1981 to be the non-capital loss of the corporation for the taxation year of the corporation in which the former subsidiary corporation’s loss year ended shall be deemed to be a non-capital loss of the corporation from carrying on the former subsidiary corporation’s loss business. Loss restriction event — special rules (5.5) If at any time a taxpayer is subject to a loss restriction event, (a) paragraphs (4)(c) to (f) and subsections (5.1) to (5.3) do not apply to the taxpayer in respect of the loss restriction event if at that time the taxpayer becomes or ceases to be exempt from tax under this Part on its taxable income; and (b) if it can reasonably be considered that the main reason that the taxpayer is subject to the loss restriction event is to cause paragraph (4)(d) or any of subsections (5.1) to (5.3) to apply with respect to the loss restriction event, the following do not apply with respect to the loss restriction event: (i) that provision and paragraph (4)(e), and
Where --- Levée d’une option portant sur l’acquisition d’un bien déterminé (3.01) Les règles suivantes s’appliquent dans le cas où un contribuable lève, à un moment donné, une option portant sur l’acquisition d’un bien déterminé : a) le total des montants déduits en application de l’alinéa 53(2)g.1) dans le calcul, immédiatement avant ce moment, du prix de base rajusté de l’option pour le contribuable est à déduire, après ce moment, dans le calcul du prix de base rajusté du bien déterminé pour le contribuable; b) le montant déterminé selon l’alinéa a) relativement à l’acquisition du bien déterminé est à ajouter, après ce moment, dans le calcul du prix de base rajusté de ce bien pour le contribuable. Levée d’une option de vente (3.1) Lorsqu’une option portant sur la disposition d’un bien est levée, de sorte qu’un contribuable — appelé « vendeur » au présent paragraphe — dispose de ce bien ou qu’un autre contribuable — appelé « acheteur » au présent paragraphe — l’acquiert, pour le calcul du revenu de chacun de ces contribuables, l’octroi et la levée de l’option sont réputés ne pas être des dispositions de biens et : a) le prix de base rajusté de l’option pour le vendeur est déduit dans le calcul du produit de disposition du bien pour lui; b) la contrepartie que l’acheteur reçoit pour l’option est déduite dans le calcul du coût du bien pour lui. Option consentie avant le 23 février 1994 (3.2) Le particulier, à l’exception d’une fiducie, qui dispose d’un bien par suite de la levée d’une option qu’il a consentie avant le 23 février 1994 peut faire un choix, dans la déclaration de revenu qu’il produit pour l’année d’imposition de la disposition, pour que le paragraphe (3) ne s’applique pas à l’égard de la disposition en calculant son revenu. Nouvelle cotisation lorsque l’option est exercée au cours d’une année postérieure
For the purposes of this section and paragraph 53(1)(j), any loss of a taxpayer for a taxation year from a farming business shall, after the taxpayer disposes of the land used in that farming business and to the extent that the amount of the loss is required by paragraph 53(1)(j) to be added in computing the adjusted cost base to the taxpayer of the land immediately before the disposition, be deemed not to be a loss.
Le ministre doit établir la nouvelle cotisation voulue concernant l’impôt, les intérêts ou les pénalités d’un contribuable pour l’année pour remplir cette condition, lorsque les conditions suivantes sont réunies : a) une option consentie par le contribuable au cours d’une année d’imposition — appelée « année initiale » au présent paragraphe — est levée au cours d’une Idem NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 49; 1994, c. 7, Sch. II, s. 27; 1995, c. 3, s. 13, c. 21, s. 14; 2012, c. 34, s. 188. No disposition where obligation satisfied Idem (1.1) Where Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this section, any loss of a taxpayer for a taxation year from a farming business shall, to the extent that the loss is included in the amount of any deduction permitted by section 101 in computing the taxpayer’s income for any subsequent taxation year, be deemed not to be a loss of the taxpayer for the purpose of computing the taxpayer’s taxable income for that subsequent year or any taxation year subsequent thereto. Restriction Non-capital losses of employee life and health trusts (7.3) Paragraph (1)(a) does not apply in computing the taxable income of a trust for a taxation year if the trust is, in the year, an employee life and health trust. Non-capital losses of employee life and health trusts (7.4) For the purposes of computing the taxable income of an employee life and health trust for a taxation year, there may be deducted such portion as the trust may claim of the trust’s non-capital losses for the seven taxation years immediately preceding and the three taxation years immediately following the year. Non-capital losses of employee life and health trusts (7.5) Notwithstanding paragraph (1)(a) and subsection (7.4), no amount in respect of the trust’s non-capital losses for a taxation year in which the trust was an employee life and health trust may be deducted in computing the trust’s taxable income for another taxation year (referred to in this subsection as the “specified year”) if (a) the trust was not an employee life and health trust for the specified year; or (b) the trust is an employee life and health trust that, because of the application of subsection 144.1(3), is not permitted to deduct any amount under subsection 104(6) for the specified year. exchange rate, at any time in respect of a currency of a country other than Canada, means the rate of exchange between that currency and Canadian currency quoted by the Bank of Canada on the day that includes that time or, if that day is not a business day, on the day that immediately precedes that day, or a rate of exchange acceptable to the Minister; (taux de change) farm loss of a taxpayer for a taxation year means the amount determined by the formula A is the lesser of (a) the amount, if any, by which (i) the total of all amounts each of which is the taxpayer’s loss for the year from a farming or fishing business (ii) the total of all amounts each of which is the taxpayer’s income for the year from a farming or fishing business, and (b) the amount that would be the taxpayer’s non-capital loss for the year if the amount determined for D in the definition non-capital loss in this subsection were nil, and C is the total of all amounts by which the farm loss of the taxpayer for the year is required to be reduced because of section 80; (perte agricole) net capital loss of a taxpayer for a taxation year means the amount determined by the formula A is the amount, if any, determined under subparagraph 3(b)(ii) in respect of the taxpayer for the year, B is the lesser of the total determined under subparagraph 3(b)(i) in respect of the taxpayer for the year and the amount determined for A in respect of the taxpayer for the year, C is the least of (a) the amount of the allowable business investment losses of the taxpayer for the taxpayer’s tenth preceding taxation year, (b) the amount, if any, by which the amount of the non-capital loss of the taxpayer for the taxpayer’s tenth preceding taxation year exceeds the total of all amounts in respect of that non-capital loss deducted in computing the taxpayer’s taxable income or claimed by the taxpayer under paragraph 186(1)(c) or (d) for the year or for any preceding taxation year, and (c) if the taxpayer was subject to a loss restriction event before the end of the year and after the end of the taxpayer’s tenth preceding taxation year, nil, and D is the total of all amounts by which the net capital loss of the taxpayer for the year is required to be reduced because of section 80; (perte en capital nette) non-capital loss of a taxpayer for a taxation year means, at any time, the amount determined by the formula A is the amount determined by the formula E is the total of all amounts each of which is (a) the taxpayer’s loss for the year from an office, employment, business or property, (a.1) an amount deductible under paragraph 104(6)(a.4) in computing the taxpayer’s income for the year, or (b) an amount deducted under paragraph (1)(a.1) or (b) or section 110.6, or deductible under any of paragraphs 110(1)(d) to (g) and (k), section 112 and subsections 113(1) and 138(6), in computing the taxpayer’s taxable income for the year, or (c) if that time is before the taxpayer’s eleventh following taxation year, the taxpayer’s allowable business investment loss for the year, F is the amount determined under paragraph 3(c) in respect of the taxpayer for the year, B is the amount, if any, determined in respect of the taxpayer for the year under section 110.5 or subparagraph 115(1)(a)(vii), D is the amount that would be the taxpayer’s farm loss for the year if the amount determined for B in the definition farm loss in this subsection were zero, D.1 is the total of all amounts deducted under subsection 111(10) in respect of the taxpayer for the year, and D.2 is the total of all amounts by which the non-capital loss of the taxpayer for the year is required to be reduced because of section 80; (perte autre qu’une perte en capital) pre-1986 capital loss balance of an individual for a particular taxation year means the amount determined by the formula A is the total of all amounts each of which is an amount determined by the formula F is the individual’s net capital loss for a taxation year ending before 1985, and G is the total of all amounts claimed under this section by the individual in respect of that loss in computing the individual’s taxable income for taxation years preceding the particular taxation year, and B is the amount determined by the formula H is the lesser of (a) the amount of the individual’s net capital loss for the 1985 taxation year, and (b) the amount, if any, by which the amount determined under subparagraph 3(c)(ii) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, in respect of the individual for the 1985 taxation year exceeds the amount deductible by reason of paragraph 3(c) of that Act in computing the individual’s taxable income for the 1985 taxation year, and is the total of all amounts claimed under this section by the individual in respect of the individual’s net capital loss for the 1985 taxation year in computing the individual’s taxable income for taxation years preceding the particular taxation year, and I is the total of all amounts claimed under this section by the individual in respect of the individual’s net capital loss for the 1985 taxation year in computing the individual’s taxable income for taxation years preceding the particular taxation year, C is the total of all amounts deducted under section 110.6 in computing the individual’s taxable income for taxation years that ended before 1988 or began after October 17, 2000, D is 3/4 of the total of all amounts each of which is an amount deducted under section 110.6 in computing the individual's taxable income for a taxation year, preceding the particular year, that (a) ended after 1987 and before 1990, or (b) began after February 27, 2000 and ended before October 18, 2000, E is 2/3 of the total of all amounts deducted under section 110.6 in computing the individual's taxable income for taxation years, preceding the particular year, that ended after 1989 and before February 28, 2000, and E.1 is the amount determined by the formula J is the amount deducted by the individual under section 110.6 for a taxation year of the individual, preceding the particular year, that includes February 28, 2000 or October 17, 2000, and restricted interest and financing expense of a taxpayer for a taxation year means the amount determined by the formula A is the total of all amounts each of which is the portion of an amount that is not deductible in computing the income for the taxation year of the taxpayer from a business or property, or the taxable income of the taxpayer for the year, or does not reduce the amount determined under paragraph 3(b) in respect of the taxpayer for the year, because of subsection 18.2(2), B is the amount determined under paragraph 12(1)(a.2) in respect of the taxpayer for the taxation year, and C is the total of all amounts, each of which is an amount determined by the formula D is the portion of an amount that is not deductible because of subclause 95(2)(f.11)(ii)(D)(I), or an amount that is included because of subclause 95(2)(f.11)(ii)(D)(II), in determining, in respect of the taxpayer for an affiliate taxation year (as defined in subsection 18.2(1)) of a controlled foreign affiliate of the taxpayer ending in the taxation year, an amount of the affiliate that is described in subparagraph 95(2)(f)(ii), and
Where debt a personal-use property exceeds Disposal of R.H.O.S.P. properties NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 50; 1994, c. 7, Sch. II, s. 88; 1995, c. 21, s. 15; 2013, c. 40, s. 42; 2024, c. 17, s. 9. Impôt sur le revenu
In this section, a taxpayer’s non-capital loss, restricted interest and financing expense net capital loss, restricted farm loss, farm loss and limited partnership loss for a taxation year during which the taxpayer was not resident in Canada shall be determined as if (a) in the part of the year throughout which the taxpayer was non-resident, if section 114 applies to the taxpayer in respect of the year, and (b) throughout the year, in any other case, the taxpayer had no income other than income described in any of subparagraphs 115(1)(a)(i) to (vi), the taxpayer’s only taxable capital gains, allowable capital losses and allowable business investment losses were from dispositions of taxable Canadian property (other than treaty-protected property) and the taxpayer’s other losses were losses from the duties of an office or employment performed by the taxpayer in Canada and businesses (other than treaty-protected businesses) carried on by the taxpayer in Canada.
Where in a particular taxation year a taxpayer received an amount (in this subsection referred to as a “rebate”) as a fuel tax rebate under subsection 68.4(2) or (3.1) of the Excise Tax Act, in computing the taxpayer’s non-capital loss for a taxation year (in this subsection referred to as the “loss year”) that is one of the 7 taxation years preceding the particular year, there shall be deducted the lesser of (a) the amount determined by the formula A is the total of all rebates received by the taxpayer in the particular year, B is the total of all amounts, in respect of rebates received by the taxpayer in the particular year, repaid by the taxpayer under subsection 68.4(7) of that Act, and C is the total of all amounts, in respect of rebates received in the particular year, deducted under this subsection in computing the taxpayer’s non-capital losses for other taxation years; and (b) such amount as the taxpayer claims, not exceeding the portion of the taxpayer’s non-capital loss for the loss year (determined without reference to this subsection) that would be deductible in computing the taxpayer’s taxable income for the particular year if the taxpayer had sufficient income for the particular year from businesses carried on by the taxpayer in the particular year. Fuel tax rebate — partnerships
Where a taxpayer was a member of a partnership at any time in a fiscal period of the partnership during which it received a fuel tax rebate under subsection 68.4(2), (3) or (3.1) of the Excise Tax Act, the taxpayer is deemed (a) to have received at that time as a rebate under subsection 68.4(2), 68.4(3) or 68.4(3.1), as the case may be, of that Act an amount equal to that proportion of the amount of the rebate received by the partnership that the member’s share of the partnership’s income or loss for that fiscal period is of the whole of that income or loss, determined without reference to any rebate under section 68.4 of that Act; and (b) to have paid as a repayment under subsection 68.4(7) of that Act an amount equal to that proportion of all amounts repaid under subsection 68.4(7) of that Act in respect of the rebate that the member’s share of the partnership’s income or loss for that fiscal period is of the whole of that income or loss, determined without reference to any rebate under section 68.4 of that Act. Foreign currency debt on loss restriction event
For the purposes of subsection (4), if at any time a taxpayer owes a foreign currency debt in respect of which the taxpayer would have had, if the foreign currency debt had been repaid at that time, a capital loss or gain, the taxpayer is deemed to own at the time (in this subsection referred to as the “measurement time”) that is immediately before that time a property (a) the adjusted cost base of which at the measurement time is the amount determined by the formula A is the amount of principal owed by the taxpayer under the foreign currency debt at the measurement time, calculated, for greater certainty, using the exchange rate applicable at the measurement time, B is the portion of any gain, previously recognized in respect of the foreign currency debt because of this section, that is reasonably attributable to the amount described in A, and C is the portion of any capital loss previously recognized in respect of the foreign currency debt because of this section, that is reasonably attributable to the amount described in A; and (b) the fair market value of which is the amount that would be the amount of the principal owed by the taxpayer under the foreign currency debt at the measurement time if that amount were calculated using the exchange rate applicable at the time of the original borrowing. Order of applying provisions
b) le contribuable ou une personne avec laquelle il n’a aucun lien de dépendance possède le bien au premier moment, au cours de la période de 24 mois suivant la disposition, où la société ou une société qu’elle contrôle exploite une entreprise, le contribuable ou la personne est réputé avoir disposé de l’action à ce premier moment pour un produit de disposition égal au prix de base rajusté de l’action pour lui, calculé immédiatement avant le moment de la disposition visée à l’alinéa a), et l’avoir acquise de nouveau immédiatement après ce premier moment à un coût égal à ce produit. Créance consistant en un bien à usage personnel
Deduction of taxable dividends received by corporation resident in Canada
Lorsque, à la fin d’une année d’imposition, une créance qui est un bien à usage personnel d’un contribuable est due à celui-ci par une personne avec qui il n’avait aucun lien de dépendance, et que le contribuable établit que cette créance est devenue une créance irrécouvrable au cours de l’année : a) il est réputé avoir disposé à la fin de l’année à un prix égal à l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii): (i) le prix de base rajusté de la créance pour le contribuable, immédiatement avant la fin de l’année, (ii) le montant de son gain tiré de la disposition du bien à usage personnel dont le produit de disposition comprenait la créance; b) il est réputé avoir acquis de nouveau la créance immédiatement après la fin de l’année à un coût égal à celui déterminé en vertu de l’alinéa a). Disposition des biens d’un régime enregistré d’épargne-logement
(a) a taxable Canadian corporation, or (b) a corporation resident in Canada (other than a non-resident-owned investment corporation or a corporation exempt from tax under this Part) and controlled by it, an amount equal to the dividend may be deducted from the income of the receiving corporation for the year for the purpose of computing its taxable income. Dividends received from non-resident corporation
Chaque fiducie régie à la fin de 1985 par un régime enregistré d’épargne-logement (au sens de l’alinéa 146.2(1)h) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, dans sa version applicable à l’année d’imposition 1985) est réputée avoir, immédiatement avant 1986, de chaque bien détenu à ce moment pour un produit de disposition égal à la juste valeur marchande du bien à ce moment et l’avoir acquis de nouveau, immédiatement après 1985, à un coût égal à cette juste valeur marchande. NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs pertinents; L.R. (1985), ch. 1 (5e suppl.), art. 50; 1994, ch. 7, ann. II, art. 88; 1995, ch. 21, art. 15; 2013, ch. 40, art. 42; 2024, ch. 17, art. 9. Convertible property A × B/C where A × B/C where Income Tax PART I Income Tax DIVISION B Computation of Income
Where a taxpayer that is a corporation has, in a taxation year, received a dividend from a corporation (other than a foreign affiliate of the taxpayer) that was taxable under subsection 2(3) for the year and that has, throughout the period from June 18, 1971 to the time when the dividend was received, carried on a business in Canada through a permanent establishment as defined by regulation, an amount equal to that proportion of the dividend that the paying corporation’s taxable income earned in Canada for the immediately preceding year is of the whole of the amount that its taxable income for that year would have been if it had been resident in Canada throughout that year, may be deducted from the income of the receiving corporation for the taxation year for the purpose of computing its taxable income. Mark-to-market property (2.01) No deduction may be made under subsection (1) or (2) or 138(6) in computing the taxable income of a corporation for a taxation year in respect of a dividend received on a share if (a) the corporation is a financial institution at any time in the year; and (i) is a mark-to-market property of the corporation for the year, or (ii) would be a mark-to-market property of the corporation for the year if the share was held at any time in the year by the corporation. Tracking property and preferred shares (a) a share (other than a share of a financial institution) is deemed to be a mark-to-market property of the corporation for the year if the share (i) is a tracking property of the corporation at any time in the year, or (ii) would be a tracking property of the corporation if the share was held at any time in the year by the corporation; and (b) a taxable preferred share is deemed not to be a mark-to-market property of the corporation for the year unless the share would be described in subparagraph (a)(i) or (ii) if paragraph (a) were read without reference to “(other than a share of a financial institution)”. (2.03) Subsection (2.01) does not apply to a dividend received by an insurance corporation in a taxation year that is (i) received on a share (other than a share described in subparagraph (2.02)(a)(i)) held by the corporation in connection with an insurance contract entered into, issued or acquired in the ordinary course of an insurance business of the corporation, or (ii) deemed to be received by the corporation as a result of a designation by a mutual fund trust under subsection 104(19) in respect of a unit of the trust that is held by the corporation in connection with an insurance contract entered into, issued or acquired in the ordinary course of an insurance business of the corporation; and (b) identified in the corporation’s return of income under this Part for the year. No deduction permitted (2.1) No deduction may be made under subsection (1) or (2) in computing the taxable income of a specified financial institution in respect of a dividend received by it on a share that was, at the time the dividend was received, a term preferred share, other than a dividend on a share of the capital stock of a corporation that was acquired in the ordinary course of the business carried on by the institution, and for the purposes of this subsection, if a restricted financial institution received the dividend on a share of the capital stock of a mutual fund corporation or an investment corporation at any time after the mutual fund or investment corporation has elected under subsection 131(10) not to be a restricted financial institution, the share is deemed to be a term preferred share acquired in the ordinary course of business. (2.2) No deduction may be made under subsection (1), (2) or 138(6) in computing the taxable income of a particular corporation in respect of a dividend received on a share of the capital stock of a corporation that was issued Actions garanties after 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 where (a) a person or partnership (in this subsection and subsection (2.21) referred to as the “guarantor”) that is a specified financial institution or a specified person in relation to a specified financial institution, but that is not the issuer of the share or an individual other than a trust, is, at or immediately before the time the dividend was received, obligated, either absolutely or contingently and either immediately or in the future, to effect any undertaking (in this subsection and subsections (2.21) and (2.22) referred to as a “guarantee agreement”), including any guarantee, covenant or agreement to purchase or repurchase the share and including the lending of funds to or the placing of amounts on deposit with, or on behalf of, the particular corporation or any specified person in relation to the particular corporation given to ensure that (i) any loss that the particular corporation or a specified person in relation to the particular corporation may sustain by reason of the ownership, holding or disposition of the share or any other property is limited in any respect, or (ii) the particular corporation or a specified person in relation to the particular corporation will derive earnings by reason of the ownership, holding or disposition of the share or any other property; and (b) the guarantee agreement was given as part of a transaction or event or a series of transactions or events that included the issuance of the share. (2.21) Subsection (2.2) does not apply to a dividend received by a particular corporation on (a) a share that is at the time the dividend is received a share described in paragraph (e) of the definition term preferred share in subsection 248(1); (b) a grandfathered share, a taxable preferred share issued before December 16, 1987 or a prescribed share; (c) a taxable preferred share issued after December 15, 1987 and of a class of the capital stock of a corporation that is listed on a designated stock exchange where all guarantee agreements in respect of the share were given by one or more of the issuer of the share and persons that are related (otherwise than because of a right referred to in paragraph 251(5)(b)) to the issuer unless, at the time the dividend is paid to the particular corporation, dividends in respect of more than
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(i) that was not acquired by the particular corporation in the ordinary course of its business, (ii) in respect of which the guarantee agreement was not given in the ordinary course of the guarantor’s business, and (iii) the issuer of which is, at the time the dividend is paid, related (otherwise than because of a right referred to in paragraph 251(5)(b)) to both the particular corporation and the guarantor. (a) where a guarantee agreement in respect of a share is given at any particular time after 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987, otherwise than under a written arrangement to do so entered into before 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987, the share is deemed to have been issued at the particular time and the guarantee agreement is deemed to have been given as part of a series of transactions that included the issuance of the share; and (b) specified person has the meaning assigned by paragraph (h) of the definition taxable preferred share in subsection 248(1). Where no deduction permitted (2.3) No deduction may be made under subsection (1) or (2) or 138(6) in computing the taxable income of a particular corporation in respect of a dividend received on a share of the capital stock of a corporation where there is, in respect of the share, a dividend rental arrangement of the particular corporation, a partnership of which the particular corporation is directly or indirectly a member or a trust under which the particular corporation is a beneficiary. Dividend rental arrangements — exception (2.31) Subsection (2.3) does not apply to a dividend received on a share where there is, in respect of the share, a dividend rental arrangement of a person or partnership (referred to in this subsection and subsection (2.32) as the taxpayer) throughout a particular period during which the synthetic equity arrangement referred to in paragraph (c) of the definition **dividend rental arrangement** in subsection 248(1) is in effect if (a) the dividend rental arrangement is a dividend rental arrangement because of that paragraph; and (b) the taxpayer establishes that, throughout the particular period, no tax-indifferent investor or group of tax-indifferent investors, each member of which is affiliated with every other member, has all or substantially all of the risk of loss and opportunity for gain or profit in respect of the share. (2.32) A taxpayer is considered to have satisfied the condition described in paragraph (2.31)(b) in respect of a share if (a) the taxpayer or the connected person referred to in paragraph (a) of the definition **synthetic equity arrangement** in subsection 248(1) (either of which is referred to in this subsection as the synthetic equity arrangement party) obtains accurate representations in writing from its counterparty, or from each member of a group comprised of all its counterparties each of which is affiliated with each other (each member of this group of counterparties is referred to in this subsection as an affiliated counterparty), with respect to the synthetic equity arrangement, as appropriate, that (i) it is not a tax-indifferent investor and it does not reasonably expect to become a tax-indifferent investor during the particular period referred to in subsection (2.31), and (ii) all or substantially all of its risk of loss and opportunity for gain or profit in respect of the share during the particular period referred to in subsection (2.31) has not been eliminated and cannot reasonably be expected by it to be eliminated; (b) the synthetic equity arrangement party obtains accurate representations in writing from its counterparty, or from each affiliated counterparty, with respect to the synthetic equity arrangement that the counterparty, or each affiliated counterparty, as appropriate (i) is not a tax-indifferent investor and does not reasonably expect to become a tax-indifferent investor during the particular period referred to in subsection (2.31), (ii) has entered into one or more specified synthetic equity arrangements that have the effect of eliminating all or substantially all of its risk of loss and opportunity for gain or profit, in respect of the share, in one of the following circumstances: (A) in the case of a counterparty, that counterparty (I) has entered into a specified synthetic equity arrangement with its own counterparty (a counterparty of a counterparty or of an affiliated counterparty is referred to in this subsection as a specified counterparty), or (II) has entered into a specified synthetic equity arrangement with each member of a group of its own counterparties each member of which is affiliated with each other member (each member of this group of counterparties is referred to in this subsection as an affiliated specified counterparty), or (B) in the case of an affiliated counterparty, each affiliated counterparty (II) has entered into a specified synthetic equity arrangement with an affiliated specified counterparty that is part of the same group of affiliated specified counterparties, and (iii) has obtained accurate representations in writing from each of its specified counterparties, or from each member of the group of affiliated specified counterparties referred to in subclause (A)(II) or (B)(II), as appropriate, that (A) it is not a tax-indifferent investor and it does not reasonably expect to become a tax-indifferent investor during the particular period referred to in subsection (2.31), and (B) all or substantially all of its risk of loss and opportunity for gain or profit in respect of the share during the particular period referred to in subsection (2.31) has not been eliminated and cannot reasonably be expected by it to be eliminated; (c) the synthetic equity arrangement party obtains accurate representations in writing from its counterparty, or from each affiliated counterparty, with respect to the synthetic equity arrangement that the counterparty, or each affiliated counterparty, as appropriate (i) is not a tax-indifferent investor and does not reasonably expect to become a tax-indifferent investor during the particular period referred to in subsection (2.31), (ii) has entered into specified synthetic equity arrangements (A) that have the effect of eliminating all or substantially all of its risk of loss and opportunity for gain or profit in respect of the share, (B) where no single specified counterparty or group of affiliated specified counterparties has been provided with all or substantially all of the risk of loss and opportunity for gain or profit in respect of the share, and (iii) has obtained accurate representations in writing from each of its specified counterparties, or from each of its affiliated specified counterparties, that (A) it is a person resident in Canada and it does not reasonably expect to cease to be resident in Canada during the particular period referred to in subsection (2.31), and (B) all or substantially all of its risk of loss and opportunity for gain or profit in respect of the share during the particular period referred to in subsection (2.31) has not been eliminated and cannot reasonably be expected by it to be eliminated; or (i) has obtained all or substantially all of the risk of loss and opportunity for gain or profit in respect of the share under the synthetic equity arrangement chain, (ii) has entered into one or more specified synthetic equity arrangements that have the effect of eliminating all or substantially all of its risk of loss and opportunity for gain or profit in respect of the share, and (iii) obtains accurate representations in writing of the type described in paragraph (a), (b) or (c), as if it were a synthetic equity arrangement party, from each of its counterparties where each such counterparty deals at arm’s length with that person or partnership. (2.33) If, at a time during a particular period referred to in subsection (2.31), a counterparty, specified counterparty, affiliated counterparty or affiliated specified counterparty reasonably expects to become a tax-indifferent investor or — if it has provided a representation described by subparagraph (2.32)(a)(ii) or clause (2.32)(b)(ii)(B) or (c)(iii)(B) in respect of a share — that all or substantially all of its risk of loss and opportunity for gain or profit in respect of the share will be eliminated, the particular period for which it has provided a representation in respect of the share is deemed to end at that time. (2.34) For greater certainty, each reference in subsection (2.32) to a “counterparty”, a “specified counterparty”, an “affiliated counterparty” or an “affiliated specified counterparty” is to be read as referring only to a person or partnership that obtains all or any portion of the risk of Where no deduction permitted (2.4) No deduction may be made under subsection 112(1) or 112(2) or subsection 138(6) in computing the taxable income of a particular corporation in respect of a dividend received on a share (in this subsection referred to as the “subject share”), other than an exempt share, of the capital stock of another corporation where (a) any person or partnership was obligated, either absolutely or contingently, to effect an undertaking, including any guarantee, covenant or agreement to purchase or repurchase the subject share, under which an investor is entitled, either immediately or in the future, to receive or obtain any amount or benefit for the purpose of reducing the impact, in whole or in part, of any loss that an investor may sustain by virtue of the ownership, holding or disposition of the subject share, and any property is used, in whole or in part, either directly or indirectly in any manner whatever, to secure the undertaking; or (b) the consideration for which the subject share was issued or any other property received, either directly or indirectly, by an investor from an investor, or any property substituted therefor, is or includes (i) an obligation of an investor to make payments that are required to be included, in whole or in part, in computing the income of the issuer, other than an obligation of a corporation that, immediately before the subject share was issued, would be related to the corporation that issued the subject share if this Act were read without reference to paragraph 251(5)(b), or (ii) any right to receive payments that are required to be included, in whole or in part, in computing the income of the issuer where that right is held on condition that it or property substituted therefor may revert or pass to an investor or a person or partnership to be determined by an investor, where that obligation or right was acquired by the issuer as part of a transaction or event or a series of transactions or events that included the issuance or acquisition of the subject share, or a share for which the subject share was substituted. (2.5) Subsection 112(2.4) applies only in respect of a dividend on a share where, having regard to all the circumstances, it may reasonably be considered that the share was issued or acquired as part of a transaction or event or a series of transactions or events that enabled any corporation to earn investment income, or any income substituted therefor, and, as a result, the amount of its taxes payable under this Act for a taxation year is less than the amount that its taxes payable under this Act would be for the year if that investment income were the only income of the corporation for the year and all other taxation years and no amount were deductible under subsections 127(5) and 127.2(1) in computing its taxes payable under this Act. (b) a share of the capital stock of a corporation issued before 5:00 p.m. Eastern Standard Time, November 27, 1986, other than a share held at that time (i) by the issuer, or (ii) by any person or partnership where the issuer may become entitled to receive any amount after that time by way of subscription proceeds or contribution of capital with respect to that share pursuant to an agreement made before that time, or (c) a share that was, at the time the dividend referred to in subsection 112(2.4) was received, a share described in paragraph (e) of the definition term preferred share in subsection 248(1) during the applicable period referred to in that paragraph; (action exclue) investor means the particular corporation referred to in subsection 112(2.4) and a person with whom that corporation does not deal at arm’s length and any partnership or trust of which that corporation, or a person with whom that corporation does not deal at arm’s length, is a member or beneficiary, but does not include the other corporation referred to in that subsection; (investisseur) issuer means the other corporation referred to in subsection 112(2.4) and a person with whom that corporation does not deal at arm’s length and any partnership or trust of which that corporation, or a person with whom that corporation does not deal at arm’s length, is a member or beneficiary, but does not include the particular corporation referred to in that subsection. (émetteur) Change in agreement or condition (2.7) For the purposes of the definition exempt share in subsection 112(6), where at any time after 5:00 p.m. Eastern Standard Time, November 27, 1986 the terms or conditions of a share of the capital stock of a corporation have been changed or any agreement in respect of the share has been changed or entered into by the corporation, the share shall be deemed to have been issued at that time. Loss sustained by investor (2.8) For the purposes of paragraph 112(2.4)(a), any loss that an investor may sustain by virtue of the ownership, holding or disposition of the subject share referred to in that paragraph shall be deemed to include any loss with respect to an obligation or share that was issued or acquired as part of a transaction or event or a series of transactions or events that included the issuance or acquisition of the subject share, or a share for which the subject share was substituted. Related corporations (2.9) For the purposes of subparagraph 112(2.4)(b)(i), where it may reasonably be considered having regard to all the circumstances that a corporation has been established to avoid the corporation or the corporation and any other corporation being related to any other corporation for the purpose of avoiding any limitation on the deduction of a dividend under subsection 112(1), 112(2) or 138(6), the corporation shall be deemed not to be related to the other corporation. Loss on share that is capital property
Notwithstanding subsection 51(1), where Impôt sur le revenu
Subject to subsections 112(5.5) and 112(5.6), the amount of any loss of a taxpayer (other than a trust) from the disposition of a share that is capital property of the taxpayer (other than a share that is property of a partnership) is deemed to be the amount of the loss determined without reference to this subsection minus, (a) where the taxpayer is an individual, the lesser of (i) the total of all amounts each of which is a dividend received by the taxpayer on the share in respect of which an election was made under subsection 83(2) where subsection 83(2.1) does not deem the dividend to be a taxable dividend, and (ii) the loss determined without reference to this subsection minus all taxable dividends received by the taxpayer on the share; and (b) where the taxpayer is a corporation, the total of all amounts received by the taxpayer on the share each of which is (i) a taxable dividend, to the extent of the amount of the dividend that was deductible under this section or subsection 115(1) or 138(6) in computing the taxpayer’s taxable income or taxable income earned in Canada for any taxation year, (ii) a dividend in respect of which an election was made under subsection 83(2) where subsection 83(2.1) does not deem the dividend to be a taxable dividend, or Loss on share that is capital property — excluded dividends (3.01) A qualified dividend shall not be included in the total determined under subparagraph (3)(a)(i) or paragraph (3)(b) if the taxpayer establishes that (a) it was received when the taxpayer and persons with whom the taxpayer was not dealing at arm’s length did not own in total more than 5% of the issued shares of any class of the capital stock of the corporation from which the dividend was received; and (b) it was received on a share that the taxpayer owned throughout the 365-day period that ended immediately before the disposition. Loss on share held by partnership (3.1) Subject to subsections 112(5.5) and 112(5.6), where a taxpayer (other than a partnership or a mutual fund trust) is a member of a partnership, the taxpayer’s share of any loss of the partnership from the disposition of a share that is held by a particular partnership as capital property is deemed to be that share of the loss determined without reference to this subsection minus, (a) where the taxpayer is an individual, the lesser of (i) the total of all amounts each of which is a dividend received by the taxpayer on the share in respect of which an election was made under subsection 83(2) where subsection 83(2.1) does not deem the dividend to be a taxable dividend, and (ii) that share of the loss determined without reference to this subsection minus all taxable dividends received by the taxpayer on the share; (b) where the taxpayer is a corporation, the total of all amounts received by the taxpayer on the share each of which is (i) a taxable dividend, to the extent of the amount of the dividend that was deductible under this section or subsection 115(1) or 138(6) in computing the taxpayer’s taxable income or taxable income earned in Canada for any taxation year, (ii) a dividend in respect of which an election was made under subsection 83(2) where subsection 83.2(1) does not deem the dividend to be a taxable dividend, or (c) where the taxpayer is a trust, the total of all amounts each of which is received on the share and designated under subsection 104(19) or 104(20) by the trust in respect of a beneficiary that was a corporation, partnership or trust. Loss on share held by partnership — excluded dividends (3.11) A qualified dividend shall not be included in the total determined under subparagraph (3.1)(a)(i) or paragraph (3.1)(b) or (c) if the taxpayer establishes that (a) it was received when the particular partnership, the taxpayer and persons with whom the taxpayer was not dealing at arm’s length did not hold in total more than 5% of the issued shares of any class of the capital stock of the corporation from which the dividend was received; and (b) it was received on a share that the particular partnership held throughout the 365-day period that ended immediately before the disposition. Loss on share held by partnership — excluded dividends (3.12) A taxable dividend received on a share and designated under subsection 104(19) by a particular trust in respect of a beneficiary that was a partnership or trust shall not be included in the total determined under paragraph 112(3.1)(c) where the particular trust establishes that Loss on share held by trust (3.2) Subject to subsections 112(5.5) and 112(5.6), the amount of any loss of a trust (other than a mutual fund trust) from the disposition of a share of the capital stock of a corporation that is capital property of the trust is deemed to be the amount of the loss determined without reference to this subsection minus the total of (a) the amount, if any, by which the lesser of (i) the total of all amounts each of which is a dividend received by the trust on the share in respect of which an election was made under subsection 83(2) where subsection 83(2.1) does not deem the dividend to be a taxable dividend, and (ii) the loss determined without reference to this subsection minus the total of all amounts each of which is the amount of a taxable dividend (A) received by the trust on the share, (B) received on the share and designated under subsection 104(19) by the trust in respect of a beneficiary who is an individual (other than a trust), or (C) that is a qualified dividend received on the share and designated under subsection 104(19) by the trust in respect of a beneficiary that was a corporation, partnership or another trust where the trust establishes that (I) it owned the share throughout the 365-day period that ended immediately before the disposition, and (II) the dividend was received while the trust, the beneficiary and persons not dealing at arm’s length with the beneficiary owned in total less than 5% of the issued shares of any class of the capital stock of the corporation from which the dividend was received (iii) if the trust is an individual’s graduated rate estate, the share was acquired as a consequence of the individual’s death and the disposition occurs during the trust’s first taxation year, 1/2 of the lesser of (A) the loss determined without reference to this subsection, and (B) the individual’s capital gain from the disposition of the share immediately before the individual’s death, and (b) the total of all amounts each of which is received on the share and designated under subsection 104(19) or 104(20) by the trust in respect of a beneficiary that was a corporation, partnership or trust. Loss on share held by trust — special cases (3.3) Notwithstanding subsection 112(3.2), where a trust has at any time acquired a share of the capital stock of a corporation because of subsection 104(4), the amount of any loss of the trust from a disposition after that time is deemed to be the amount of the loss determined without reference to subsection 112(3.2) and this subsection minus the total of (a) the amount, if any, by which the lesser of (i) the total of all amounts each of which is a dividend received after that time by the trust on the share in respect of which an election was made under subsection 83(2) where subsection 83(2.1) does not deem the dividend to be a taxable dividend, and (ii) the loss determined without reference to subsection 112(3.2) and this subsection minus the total of all amounts each of which is the amount of a taxable dividend (A) received by the trust on the share after that time, (B) received on the share after that time and designated under subsection 104(19) by the trust in respect of a beneficiary who is an individual (other than a trust), or (C) that is a qualified dividend received on the share after that time and designated under subsection 104(19) by the trust in respect of a beneficiary who was a corporation, partnership or another trust where the trust establishes that (I) it owned the share throughout the 365-day period that ended immediately before the disposition, and (II) the dividend was received when the trust, the beneficiary and persons not dealing at arm’s length with the beneficiary owned in total less than 5% of the issued shares of any class of the capital stock of the corporation from which the dividend was received exceeds (A) the loss from the disposition, determined without reference to subsection 112(3.2) and this subsection, and (B) the trust’s capital gain from the disposition immediately before that time of the share because of subsection 104(4), and (b) the total of all amounts each of which is a taxable dividend received on the share after that time and designated under subsection 104(19) by the trust in respect of a beneficiary that was a corporation, partnership or trust. Loss on share held by trust — excluded dividends (3.31) A qualified dividend received by a trust shall not be included under subparagraph (3.2)(a)(i) or (b)(ii) or (3.3)(a)(ii) if the trust establishes that the dividend (a) was received, (i) in any case where the dividend was designated under subsection 104(19) or 104(20) by the trust, when the trust, the beneficiary and persons with whom the beneficiary was not dealing at arm’s length did not own in total more than 5% of the issued shares of any class of the capital stock of the corporation from which the dividend was received, or (ii) in any other case, when the trust and persons with whom the trust was not dealing at arm’s length did not own in total more than 5% of the issued shares of any class of the capital stock of the corporation from which the dividend was received, and (b) was received on a share that the trust owned throughout the 365-day period that ended immediately before the disposition. Loss on share held by trust — excluded dividends (3.32) A qualified dividend that is a taxable dividend received on the share and that is designated under subsection 104(19) by the trust in respect of a beneficiary that was a corporation, partnership or trust, shall not be included under paragraph (3.2)(b) or (3.3)(b) if the trust establishes that the dividend was received by an individual (other than a trust), or (a) was received when the trust, the beneficiary and persons with whom the beneficiary was not dealing at arm’s length did not own in total more than 5% of the issued shares of any class of the capital stock of the corporation from which the dividend was received; and (b) was received on a share that the trust owned throughout the 365-day period that ended immediately before the disposition. Loss on share that is not capital property
Subject to subsections 112(5.5) and 112(5.6), the amount of any loss of a taxpayer (other than a trust) from the disposition of a share of the capital stock of a corporation that is property (other than capital property) of the taxpayer is deemed to be the amount of the loss determined without reference to this subsection minus, (a) where the taxpayer is an individual and the corporation is resident in Canada, the total of all dividends received by the individual on the share; (b) where the taxpayer is a partnership, the total of all dividends received by the partnership on the share; and (c) where the taxpayer is a corporation, the total of all amounts received by the taxpayer on the share each of which is (i) a taxable dividend, to the extent of the amount of the dividend that was deductible under this section, section 113 or subsection 115(1) or 138(6) in computing the taxpayer’s taxable income or taxable income earned in Canada for any taxation year, or Loss on share that is not capital property — excluded dividends (4.01) A qualified dividend shall not be included in the total determined under paragraph (4)(a), (b) or (c) if the taxpayer establishes that (a) it was received when the taxpayer and persons with whom the taxpayer was not dealing at arm’s length did not own in total more than 5% of the issued shares of any class of the capital stock of the corporation from which the dividend was received; and (b) it was received on a share that the taxpayer owned throughout the 365-day period that ended immediately before the disposition. Fair market value of shares held as inventory (4.1) For the purpose of section 10, the fair market value at any time of a share of the capital stock of a corporation is deemed to be equal to the fair market value of the share at that time, plus (a) where the shareholder is a corporation, the total of all amounts received by the shareholder on the share after that time each of which is (i) a taxable dividend, to the extent of the amount of the dividend that was deductible under this section, section 113 or subsection 115(1) or 138(6) in computing the shareholder’s taxable income or taxable income earned in Canada for any taxation year, or (b) where the shareholder is a partnership, the total of all amounts each of which is a dividend received by the shareholder on the share before that time; and (c) where the shareholder is an individual and the corporation is resident in Canada, the total of all amounts each of which is a dividend received by the shareholder on the share before that time (or, where the shareholder is a trust, that would have been so received if this Act were read without reference to subsection 104(19)). Fair market value of shares held as inventory — excluded dividends (4.11) A qualified dividend shall not be included in the total determined under paragraph (4.1)(a), (b) or (c) if the shareholder establishes that (a) it was received while the shareholder and persons with whom the shareholder was not dealing at arm’s length did not own in total more than 5% of the issued shares of any class of the capital stock of the corporation from which the dividend was received; and (b) it was received on a share that the shareholder owned throughout the 365-day period that ended immediately before the disposition. Loss on share held by trust (4.2) Subject to subsections 112(5.5) and 112(5.6), the amount of any loss of a trust from the disposition of a share that is property (other than capital property) of the trust is deemed to be the amount of the loss determined without reference to this subsection minus (a) the total of all amounts each of which is a dividend received by the trust on the share, to the extent that the amount was not designated under subsection 104(20) in respect of a beneficiary of the trust; and (b) the total of all amounts each of which is a dividend received on the share that was designated under subsection 104(19) or 104(20) by the trust in respect of a beneficiary of the trust. Loss on share held by trust — excluded dividends (4.21) A qualified dividend shall not be included in the total determined under paragraph (4.2)(a) if the taxpayer establishes that (a) it was received when the trust and persons with whom the trust was not dealing at arm’s length did not own in total more than 5% of the issued shares of any class of the capital stock of the corporation from which the dividend was received; and (b) it was received on a share that the trust owned throughout the 365-day period that ended immediately before the disposition. Loss on share held by trust — excluded dividends (4.22) A qualified dividend shall not be included in the total determined under paragraph (4.2)(b) if the taxpayer establishes that (a) it was received when the trust, the beneficiary and persons with whom the beneficiary was not dealing at arm’s length did not own in total more than 5% of the issued shares of any class of the capital stock of the corporation from which the dividend was received; and (b) it was received on a share that the trust owned throughout the 365-day period that ended immediately before the disposition. Disposition of share by financial institution
Subsection 112(5.2) applies to the disposition of a share by a taxpayer in a taxation year where (a) the taxpayer is a financial institution in the year; (b) the share is a mark-to-market property for the year; and (c) the taxpayer received (i) a dividend on the share at a time when the taxpayer and persons with whom the taxpayer was not dealing at arm’s length held in total more than 5% of the issued shares of any class of the capital stock of the corporation from which the dividend was received, or Share held for less than one year (5.1) Subsection 112(5.2) applies to the disposition of a share by a taxpayer in a taxation year where (b) the taxpayer did not hold the share throughout the 365-day period that ended immediately before the disposition; and (c) the share was a mark-to-market property of the taxpayer for a taxation year that begins after October 1994 and in which the taxpayer was a financial institution. (5.2) Subject to subsection 112(5.3), where subsection 112(5) or 112(5.1) provides that this subsection applies to the disposition of a share by a taxpayer at any time, the taxpayer’s proceeds of disposition shall be deemed to be the amount determined by the formula is the taxpayer’s proceeds determined without reference to this subsection, (a) if the taxpayer received a dividend under subsection 84(3) in respect of the share, the total determined under subparagraph (b)(ii), and (b) in any other case, the lesser of (i) the loss, if any, from the disposition of the share that would be determined before the application of this subsection if the cost of the share to any taxpayer were determined without reference to (B) subsection 85(1), where the provisions of that subsection are required by paragraph 138(11.5)(e) to be applied, and (ii) the total of all amounts each of which is (A) where the taxpayer is a corporation, a taxable dividend received by the taxpayer on the share, to the extent of the amount that was deductible under this section or subsection 115(1) or 138(6) in computing the taxpayer’s taxable income or taxable income earned in Canada for any taxation year, (B) where the taxpayer is a partnership, a taxable dividend received by the taxpayer on the share, to the extent of the amount that was deductible under this section or subsection 115(1) or 138(6) in computing the taxable income or taxable income earned in Canada for any taxation year of members of the partnership, (C) where the taxpayer is a trust, an amount designated under subsection 104(19) in respect of a taxable dividend on the share, or (D) a dividend (other than a taxable dividend) received by the taxpayer on the share, is the total of all amounts each of which is the amount by which (a) the taxpayer’s proceeds of disposition on a deemed disposition of the share before that time were increased because of this subsection, (b) where the taxpayer is a corporation or trust, a loss of the taxpayer on a deemed disposition of the share before that time was reduced because of subsection 112(3), 112(3.2), 112(4) or 112(4.2), or (c) where the taxpayer is a partnership, a loss of a member of the partnership on a deemed disposition of the share before that time was reduced because of subsection (3.1) or (4), and D is the total of all amounts each of which is the amount by which the taxpayer's proceeds of disposition on a deemed disposition of the share before that time were decreased because of this subsection. (5.21) A dividend, other than a dividend received under subsection 84(3), shall not be included in the total determined under subparagraph (b)(ii) of the description of B in subsection (5.2) unless (a) the dividend was received when the taxpayer and persons with whom the taxpayer did not deal at arm’s length held in total more than 5% of the issued shares of any class of the capital stock of the corporation from which the dividend was received; or (b) the share was not held by the taxpayer throughout the 365-day period that ended immediately before the disposition. (5.3) For the purpose of determining the cost of a share to a taxpayer on a deemed reacquisition of the share after a deemed disposition of the share, the taxpayer’s proceeds of disposition shall be determined without regard to subsection 112(5.2). (5.4) Where a taxpayer disposes of a share at any time, (a) for the purpose of determining whether subsection 112(5.2) applies to the disposition, the conditions in subsections 112(5) and 112(5.1) shall be applied without regard to a deemed disposition and reacquisition of the share before that time; and (b) total amounts under subsection 112(5.2) in respect of the disposition shall be determined from the time when the taxpayer actually acquired the share. Stop-loss rules not applicable (5.5) Subsections 112(3) to 112(4) and 112(4.2) do not apply to the disposition of a share by a taxpayer in a taxation year that begins after October 1994 where (a) the share is a mark-to-market property for the year and the taxpayer is a financial institution in the year; or Stop-loss rules restricted (i) because of subsection 142.5(2) in a taxation year that includes October 31, 1994, or (ii) because of paragraph 142.6(1)(b) after October 30, 1994; or (b) the share was a mark-to-market property of the taxpayer for a taxation year that begins after October 1994 in which the taxpayer was a financial institution.
For the purposes of this section, (a) “dividend” and “taxable dividend” do not include a capital gains dividend (within the meaning assigned by subsection 131(1)) or any dividend received by a taxpayer on which the taxpayer was required to pay tax under Part VII of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as it read on March 31, 1977; (b) one corporation is controlled by another corporation if more than 50% of its issued share capital (having full voting rights under all circumstances) belongs to the other corporation, to persons with whom the other corporation does not deal at arm’s length, or to the other corporation and persons with whom the other corporation does not deal at arm’s length; and (c) financial institution, mark-to-market property and tracking property have the same meaning as in subsection 142.2(1). (6.1) For the purposes of this section, a dividend on a share is a qualified dividend to the extent that (a) it is a dividend other than a dividend received under subsection 84(3); or (b) it is received under subsection 84(3) and, (i) if the share is held by an individual other than a trust, the dividend is received by the individual, (ii) if the share is held by a corporation, the dividend is received by the corporation while it is a private corporation, and is paid by another private corporation, (iii) if the share is held by a trust, (A) the dividend is received by the trust, (B) the dividend is designated under subsection 104(19) by the trust in respect of a beneficiary and (I) the beneficiary is an individual other than a trust, (II) the beneficiary is a private corporation when the dividend is received by it and the dividend is paid by another private corporation, (III) the beneficiary is another trust that does not designate the dividend under subsection 104(19), or (IV) the beneficiary is a partnership all of the members of which are, when the dividend is received, a person described by any of subclauses (I) to (III), or (C) the dividend is designated by the trust under subsection 104(19) in respect of a beneficiary that is another trust or a partnership and the trust establishes that the dividend is received by a person described by any of subclauses (B)(I) to (III), and (iv) if the share is held by a partnership, (A) the dividend is included in the income of a member of a partnership and (I) the member is an individual, or (II) the member is a private corporation when the dividend is received by it and the dividend is paid by another private corporation, or (B) the dividend is designated under subsection 104(19) by a member of a partnership that is a trust in respect of a beneficiary described by any of subclauses (iii)(B)(I) to (IV) or is described by clause (iii)(C). Rules where shares exchanged
le calcul du prix de base rajusté de l’action pour le contribuable; c) pour l’application des articles 74.4 et 74.5, l’échange est réputé être un transfert du bien convertible par le contribuable à la société; d) si le bien convertible est un bien canadien imposable du contribuable, l’action qu’il a acquise lors de l’échange est réputée l’être également à tout moment de la période de 60 mois suivant l’échange. Idem
Where a share (in this subsection referred to as the “new share”) has been acquired in exchange for another share (in this subsection referred to as the “old share”) in a transaction to which section 51, 85.1, 86 or 87 applies, for the purposes of the application of any of subsections 112(3) to 112(3.32) in respect of a disposition of the new share, the new share is deemed to be the same share as the old share, except that (a) any dividend received on the old share is deemed for those purposes to have been received on the new share only to the extent of the proportion of the dividend that (i) the shareholder’s adjusted cost base of the new share immediately after the exchange is of (ii) the shareholder’s adjusted cost base of all new shares immediately after the exchange acquired in exchange for the old share; and (b) the amount, if any, by which a loss from the disposition of the new share is reduced because of the application of this subsection shall not exceed the proportion of the shareholder’s adjusted cost base of the old share immediately before the exchange that (i) the shareholder’s adjusted cost base of the new share immediately after the exchange is of (ii) the shareholder’s adjusted cost base of all new shares, immediately after the exchange, acquired in exchange for the old share.
Malgré le paragraphe (1), lorsque : a) des actions du capital-actions d’une société ont été acquises par un contribuable en échange d’un bien convertible dans des circonstances telles que, sans le présent paragraphe, le paragraphe (1) se serait appliqué; b) la juste valeur marchande du bien convertible immédiatement avant l’échange dépasse la juste valeur marchande de ces actions immédiatement après l’échange; c) il est raisonnable de considérer une partie de cet excédent (appelée la « partie donnée » au présent paragraphe) comme un avantage que le contribuable a voulu voir conféré à une personne à laquelle il est lié, les règles suivantes s’appliquent : d) le contribuable est réputé avoir disposé du bien convertible pour un produit de disposition égal au moindre des montants suivants : (i) le total du prix de base rajusté pour lui, immédiatement avant l’échange, et de la partie donnée, (ii) la juste valeur marchande du bien convertible, immédiatement avant l’échange; e) la perte en capital du contribuable résultant de la disposition du bien convertible est réputée nulle; f) le coût pour le contribuable des actions d’une catégorie donnée acquises en échange du bien convertible est réputé correspondre à la fraction du moindre des montants suivants : that Computation of paid-up capital (A - B) × C/A where (i) le prix de base rajusté, pour le contribuable, du bien convertible immédiatement avant l’échange, (ii) le total de la juste valeur marchande, immédiatement après l’échange, des actions que le contribuable a acquises en échange du bien convertible et du montant qui, sans l’alinéa e), aurait été la perte en capital du contribuable résultant de la disposition du bien convertible, représentée par le rapport entre : (iii) d’une part, la juste valeur marchande, immédiatement après l’échange, des actions de la catégorie donnée qu’il a acquises lors de l’échange, (iv) d’autre part, la juste valeur marchande, immédiatement après l’échange, des actions qu’il a acquises lors de l’échange. Calcul du capital versé
If a synthetic disposition arrangement is entered into in respect of a property owned by a taxpayer and the synthetic disposition period of the arrangement is 30 days or more, for the purposes of paragraphs (3.01)(b) and (3.11)(b), subclauses (3.2)(a)(ii)(C)(I) and (3.3)(a)(ii)(C)(I) and paragraphs (3.31)(b), (3.32)(b), (4.01)(b), (4.11)(b), (4.21)(b), (4.22)(b), (5.1)(b) and (5.21)(b) and subsection (9), the taxpayer is deemed not to own the property during the synthetic disposition period.
Lorsque le paragraphe (1) s’applique à l’échange d’un bien convertible — immobilisation du contribuable qui est une action d’une société — (appelées ci-après « anciennes actions » au présent paragraphe), les règles suivantes s’appliquent au calcul du capital versé au titre d’une catégorie donnée d’actions du capital-actions de la société à un moment donné qui coïncide avec le moment de l’échange ou est postérieur : a) est déduit dans ce calcul le résultat du calcul suivant : (A - B) × C/A où : A représente le total des montants représentant chacun le montant éventuel dont le capital versé au titre d’une catégorie d’actions du capital-actions de la société a été augmenté par suite de l’échange, calculé compte non tenu du présent paragraphe dans son application à l’échange; B le capital versé au titre des anciennes actions immédiatement avant l’échange, C le montant éventuel dont le capital versé au titre de la catégorie donnée d’actions a été augmenté par suite de l’échange, calculé compte non tenu du présent paragraphe dans son application à l’échange; b) est ajouté dans ce calcul le moins élevé des montants suivants : exceeds Application [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 51; 1994, c. 21, s. 20; 1995, c. 21, s. 16; 1998, c. 19, s. 92; 2010, c. 25, s. 3; 2013, c. 34, s. 3. Conversion of debt obligation
Subsection (8) does not apply in respect of a property owned by a taxpayer in respect of a synthetic disposition arrangement if the taxpayer owned the property throughout the 365-day period (determined without reference to this subsection) that ended immediately before the synthetic disposition period of the arrangement. (9.1) Subsection (8) does not apply for the purpose of paragraph (5.21)(b) in respect of a dividend received on a share, referred to in paragraph (a) of the description of B in subsection (5.2), during a synthetic disposition period of a synthetic disposition arrangement in respect of that share. Synthetic equity arrangements — ordering
(i) l’excédent éventuel du total visé à la division (A) sur le total visé à la division (B): (A) le total des montants réputés par les paragraphes 84(3), (4) ou (4.1) être des dividendes sur les actions de la catégorie donnée versés par la société avant le moment donné, (B) le total qui serait déterminé selon la division (A) compte non tenu de l’alinéa a), (ii) le total des montants à déduire en application de l’alinéa a) au titre de la catégorie donnée d’actions avant le moment donné. Inapplication des paragraphes (1) et (2)
For the purposes of subsections (3), (3.1), (4), (4.1) and (5.2), if a synthetic equity arrangement is in respect of a number of shares that are identical properties (referred to in this subsection as identical shares) that is less than the total number of such identical shares owned by a person or partnership at that time and in respect of which there is no other synthetic equity arrangement, the synthetic equity arrangement is deemed to be in respect of those identical shares in the order in which the person or partnership acquired them. Interest in a partnership — cost reduction
Les paragraphes (1) et (2) ne s’appliquent pas à l’échange auquel s’appliquent les paragraphes 85(1) ou (2) ou l’article 86. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 51; 1994, ch. 21, art. 20; 1995, ch. 21, art. 16; 1998, ch. 19, art. 92; 2010, ch. 25, art. 3; 2013, ch. 34, art. 3. Conversion d’un titre de créance
In computing the cost to a taxpayer, at any time, of an interest in a partnership that is property (other than capital property) of the taxpayer, there is to be deducted an amount equal to the total of all amounts each of which is the taxpayer’s share of any loss of the partnership from the disposition by the partnership, or another partnership of which the partnership is directly or indirectly a member, of a share of the capital stock of a corporation (referred to in this subsection and subsection (12) as the partnership loss) in a fiscal period of the partnership that includes that time or a prior fiscal period, computed without reference to subsections (3.1), (4) and (5.2), to the extent that the taxpayer’s share of the partnership loss has not previously reduced the taxpayer’s cost of the interest in the partnership because of the application of this subsection.
a) les conditions du titre convertible confèrent détenteur le droit d’effectuer l’échange; b) le principal du nouveau titre est égal au principal du titre convertible. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1995, ch. 21, art. 50. Coût de certains biens dont la valeur est incluse dans le revenu 52 (1) Pour l’application de la présente sous-section, une somme égale au montant mentionné à l’alinéa d) est ajoutée dans le calcul du coût d’un bien pour un contribuable à un moment donné si les conditions suivantes sont réunies : a) le contribuable a acquis le bien après 1971; (d) a particular amount in respect of the property’s value was (1.1) [Repealed, 2001, c. 17, s. 35(1)] Cost of stock dividend b) à ce moment ou antérieurement, la somme n’a pas par ailleurs été ajoutée au coût du bien pour le contribuable ou incluse dans le calcul de son prix de base rajusté pour lui; c) le bien n’est pas un contrat de rente, un droit à titre de bénéficiaire d’une fiducie d’exiger de celle-ci qu’elle verse une somme au contribuable, un bien acquis dans les circonstances visées aux paragraphes (2) ou (3) ou un bien acquis d’une fiducie en règlement de tout ou d’une partie de la participation du contribuable au capital de la fiducie; d) un montant relatif à la valeur du bien a été, selon le cas : (i) inclus, autrement que vertu de l’article 7, dans le calcul : (A) soit du revenu imposable du contribuable, ou du son revenu imposable gagné au Canada, selon le cas, pour une année d’imposition où il était un non-résident, (B) soit de son revenu pour une année d’imposition tout au long de laquelle il a résidé au Canada, (ii) inclus, pour le calcul de l’impôt à payer par le contribuable en vertu de la partie XIII, dans une somme qui lui a été versée ou qui a été portée à son crédit. (1.1) [Abrogé, 2001, ch. 17, art. 35] Prix des biens reçus à titre de dividende en nature
For the purposes of subsection (11), if a taxpayer disposes of an interest in a partnership at any particular time, the taxpayer’s share of a partnership loss is to be computed as if (a) the fiscal period of each partnership of which the taxpayer is directly or indirectly a member had ended immediately before the time that is immediately before the particular time; (b) any share of the capital stock of a corporation that was property of a partnership referred to in paragraph (a) at the particular time had been disposed of by the relevant partnership immediately before the end of that fiscal period for proceeds equal to its fair market value at the particular time; and (c) each member of a partnership referred to in paragraph (a) were allocated a share of any loss (computed without reference to subsections (3.1), (4) and (5.2)) in respect of dispositions described in paragraph (b) determined by reference to the member’s specified proportion for the fiscal period referred to in paragraph (a).
Lorsque, à un moment donné après 1971, un actionnaire a reçu un bien d’une société à titre de paiement intégral ou partiel d’un dividende payable en nature (autre qu’un dividende en actions) sur une action qui lui appartient du capital-actions de la société, cet actionnaire est réputé avoir acquis le bien à un coût pour lui égal à sa juste valeur marchande à ce moment, et la société est réputée avoir disposé du bien à ce moment à un prix égal à cette juste valeur marchande. Coût d’un dividende en actions
For the purposes of subsection (11), if a taxpayer (referred to as the “transferee” in this subsection) acquires an interest in a partnership at any time from another taxpayer (referred to as the “transferor” in this subsection), in computing the cost of the partnership interest to the transferee there is to be added an amount equal to the total of all amounts each of which is an amount deducted from the transferor’s cost of the partnership interest because of subsection (11), other than an amount to which subsection (3.1) would apply. Deduction in respect of dividend received from foreign affiliate
Un actionnaire d’une société qui a reçu, après 1971, un dividende en actions sur une action qui lui appartient du capital-actions de cette société est réputé avoir acquis l’action ou les actions qu’il a reçues à titre de dividende en actions à un coût, pour lui, égal au total des montants suivants : a) si le dividende en actions est un dividende : exceeds A + B where (i) dans le cas d’un actionnaire qui est un particulier, le montant du dividende en actions, (ii) dans les autres cas, le total des montants dont chacun est l’un des montants suivants : (A) l’excédent du montant visé à la subdivision (I) sur le montant visé à la subdivision (II) : (I) le moindre du montant du dividende en actions et de sa juste valeur marchande, (II) le montant du dividende que l’actionnaire peut déduire en application du paragraphe 112(1) dans le calcul de son revenu imposable, à l’exception de toute partie de ce dividende qui, si elle était versée à titre de dividende distinct, ne serait pas assujettie au paragraphe 55(2) du fait que le montant du dividende distinct n’excéderait pas le montant du revenu gagné ou réalisé par une société — après 1971 et avant le moment de détermination du revenu protégé quant à l’opération, à l’événement ou à la série d’opérations ou d’événements dont le dividende en actions fait partie — qu’il serait raisonnable de considérer comme ayant contribué au gain en capital qui aurait été réalisé lors d’une disposition à la juste valeur marchande, effectuée immédiatement avant le dividende, de l’action sur laquelle le dividende a été reçu, (B) le montant obtenu par la formule suivante : A + B où : A représente le montant du gain réputé selon l’alinéa 55(2)(c) relativement à ce dividende en actions, B l’excédent du montant de la réduction prévue à l’alinéa 55(2.3)(b) relativement à ce dividende en actions auquel l’alinéa 55(2)(a) s’appliquerait par ailleurs sur le montant déterminé à la division (A) relativement à ce dividende; a.1) si le dividende en actions n’est pas un dividende, zéro; b) lorsqu’un montant est inclus, en vertu du paragraphe 15(1.1), dans le revenu de l’actionnaire au titre du dividende en actions, ce montant.
(a) an amount equal to such portion of the dividend as is prescribed to have been paid out of the exempt surplus, as defined by regulation (in this Part referred to as “exempt surplus”) of the affiliate, (a.1) an amount equal to the total of (i) one-half of the portion of the dividend that is prescribed to have been paid out of the hybrid surplus, as defined by regulation (in this Part referred to as “hybrid surplus”), of the affiliate, and (I) the product obtained when the foreign tax prescribed to be applicable to the portion of the dividend referred to in subparagraph (i) is multiplied by the amount by which
[Repealed, 2001, c. 17, s. 35(2)] Cost of shares of subsidiary [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 52; 1984, c. 7, Sch. II, s. 29, Sch. III, s. 24; 1994, c. 21, s. 19; 1999, c. 9, s. 139; 2001, c. 17, s. 35; 2016, c. 43, s. 189; 2016, c. 7, s. 2.] Adjustments to cost base exceeds (ii) la partie du total déterminé selon le sous-alinéa (i) qui se rapporte à des dividendes à l’égard desquels le contribuable a obtenu une déduction en application du paragraphe 112(1) dans le calcul de son revenu imposable, à l’exception de toute partie de ces dividendes qui, si elle était versée à titre de dividende distinct, ne serait pas assujettie au paragraphe 55(2) du fait que le montant du dividende distinct n’excéderait pas le montant du revenu gagné ou réalisé après 1971 et avant le moment de détermination du revenu protégé quant à l’opération, à l’événement ou à la série d’opérations ou d’événements dans le cadre duquel le dividende a été reçu — qui serait raisonnable de considérer comme contribuant au gain en capital qui aurait été réalisé lors d’une disposition à la juste valeur marchande, effectuée immédiatement avant le dividende, de l’action sur laquelle le dividende a été reçu; b.1) lorsque le bien est une action du capital-actions d’une société, le montant d’un dividende que le contribuable est réputé par l’alinéa 128.1(1)c.2) avoir reçu à l’égard de l’action avant ce moment et à un moment où il résidait au Canada; c) lorsque le bien est une action du capital-actions d’une société et que le contribuable a fait, après 1971, un apport en capital à la société autrement que sous forme de prêt, par suite de disposition d’actions d’une société étrangère affiliée du contribuable à laquelle le paragraphe 85.1(3) ou l’alinéa 95(2)c) s’applique, ou sous réserve du paragraphe (1.1), une disposition de bien à l’égard de laquelle le contribuable et la société ont fait un choix en vertu de l’article 85 —, la fraction de la partie de l’apport qu’il n’est pas raisonnable de considérer comme une avance conférée par le contribuable à une personne — autre que la société — qui lui était liée, est celle de l’augmentation représentée par le rapport entre : (i) d’une part, le montant qu’il est raisonnable de considérer comme l’augmentation de la juste valeur marchande de cette action, produite par l’apport en capital, (ii) d’autre part, le montant qu’il est raisonnable de considérer comme l’augmentation de la juste valeur marchande, produite par l’apport en capital, de toutes les actions du capital-actions de la société qui appartenaient au contribuable immédiatement après cet apport en capital; d) lorsque le bien est une action du capital-actions d’une société étrangère affiliée du contribuable, toute somme qui est à ajouter, en application de l’article 92, (A) paragraphs 38(a.1) to (a.3) and the fractions set out in the formula in paragraph 14(1)(b) and in subsection 14(5), paragraph 38(a) and subsection 41(1), (B) paragraph (i), paragraphs 12(1)(o) and (z.5), 18(1)(m), 20(1)(v.1) and 29(1)(b) and (2)(b), section 55, subsections 69(6) and (7) and paragraph A – B where (B) de l’alinéa i), des alinéas 12(1)o) et z.5), 18(1)m), 20(1)w) et 29(1)b) et (2)b), de l’article 55, des paragraphes 69(6) et (7) et de l’alinéa 82(1)b) de la présente loi, des alinéas 20(1)gg) et 81(1)r) et s) de la *Loi de l’impôt sur le revenu*, chapitre 148 des Statuts revisés du Canada de 1952, et des dispositions des *Règles concernant l’application de l’impôt sur le revenu* qui concerne le revenu provenant de l’exploitation de nouvelles mines, (ii) la part du contribuable dans tout dividende en capital et tout dividende en capital d’assurance-vie reçu par la société de personnes avant ce moment relativement à des actions du capital-actions d’une société qui étaient des biens de la société de personnes, (iii) la part du contribuable de l’excédent éventuel du montant visé à la division (A) sur le total du coût de base rajusté visé à la division (B) et de l’excédent visé à la division (C) : (A) tout produit d’une police d’assurance-vie reçu par la société de personnes après 1971 mais avant ce moment par suite du décès d’une personne dont la vie était assurée par la police, (B) le coût de base rajusté (s’entendant au présent sous-alinéa au sens du paragraphe 148(9)) immédiatement avant le décès : (I) si le décès survient avant le 22 mars 2016, de la police pour la société de personnes, (II) si le décès survient après le 21 mars 2016, de l’intérêt d’un titulaire de police dans la police, (C) l’excédent de la juste valeur marchande de la contrepartie donnée relativement à une disposition d’un intérêt dans la police sur la plus élevée de la somme déterminée en application du sous-alinéa 148(7)a)(i) relativement à la disposition et de la somme du coût de base rajusté pour le titulaire de police de l’intérêt immédiatement avant la disposition, si, à la fois : (I) le décès survient après le 21 mars 2016, (II) la disposition a été effectuée par un titulaire de police (autre qu’une société canadienne imposable) après 1999 mais avant le 22 mars 2016, (D) si le décès est postérieur au 21 mars 2016, qu’un intérêt dans la police a fait l’objet d’une disposition effectuée par un titulaire de police (sauf une société canadienne imposable) à une date postérieure à 1999 mais antérieure au 22 mars 2016 et que le paragraphe 148(7) s’est appliqué à la disposition, la somme obtenue par la formule suivante : A - B où : A représente l’excédent éventuel de la moins élevée de la somme qui est le coût de base rajusté pour le titulaire de police de l’intérêt immédiatement avant la disposition et de la juste valeur marchande de la contrepartie donnée relativement à la disposition sur la somme déterminée en vertu du sous-alinéa 148(7)a)(i) relativement à la disposition, B la valeur absolue de la somme négative, éventuelle, qui serait, compte non tenu de l’article 257, le coût de base rajusté, immédiatement avant le décès, de l’intérêt dans la police, (iv) lorsque le contribuable a fait, après 1971, un apport de capital à la société de personnes autrement que sous forme de prêt, la partie de l’apport qu’il n’est pas raisonnable de considérer comme un avantage conféré à un autre associé de la société de personnes qui était lié au contribuable, (iv.1) chaque somme, relative à un montant de remboursement visé au paragraphe 80.2(1), que le contribuable verse à la société de personnes, dans la mesure où elle n’est pas déductible dans le calcul du revenu du contribuable, (v) lorsque le moment est immédiatement avant le décès du contribuable et que le contribuable faisait partie de la société de personnes à ce moment, la valeur, à la date de son décès, des droits ou des biens visés au paragraphe 70(2) à l’égard de la participation qu’il avait dans la société de personnes immédiatement avant son décès, autre qu’une participation prévue au paragraphe 96(1.5), (vi) toute somme qui est réputée par le paragraphe 40(3.1) être un gain du contribuable pour une année d’imposition, provenant de la disposition d’un bien avant ce moment, (vii) un montant réputé, en vertu des alinéas 98(1)c) ou 98.1(1)c), être un gain du contribuable, pour une année d’imposition, tiré d’une disposition du bien avant ce moment, exceeds (viii.1) la part des frais d’aménagement au Canada ou des frais à l’égard de biens canadiens relatifs au pétrole et au gaz du contribuable qui a été déduite à ce moment au paragraphe (7), ou l’alinéa (2)c)(ii), dans le calcul du prix de base rajusté de la participation pour le contribuable, et à l’égard de laquelle celui-ci a fait le choix prévu aux alinéas f) de la définition de frais d’aménagement au Canada au paragraphe 66.2(5) ou b) de la définition de frais à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe 66.4(5), (viii) un montant réputé, avant ce moment, en vertu des paragraphes 66.1(7), 66.2(6) ou 66.4(6) être un montant visé à l’élément G de la formule figurant à la définition de frais cumulatifs d’exploration au Canada au paragraphe 66.1(6), à l’alinéa a) de l’élément F ou à l’élément G de la formule figurant à la définition de frais cumulatifs d’aménagement au Canada au paragraphe 66.2(5) ou à l’alinéa a) de l’élément F ou à l’élément G de la formule figurant à la définition de frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe 66.4(5) à l’égard du contribuable, (viii.1) toute somme réputée avant ce moment, en vertu du paragraphe 59(1.1), être un produit de disposition à recevoir par le contribuable relativement à la disposition d’un avoir minier étranger, (ix) l’excédent éventuel du montant visé à la division (A) sur le montant visé à la division (B): (A) la part du contribuable sur le montant d’une aide ou d’un avantage que la société de personnes a reçu ou est en droit de recevoir après 1971 et avant ce moment d’un gouvernement, d’une municipalité ou d’une autre administration sous forme de prime, subvention, prêt à remboursement conditionnel, allocation d’investissement, réduction de l’impôt, réduction de redevance ou sous toute autre forme, relativement à un avoir minier canadien ou à des frais d’exploration ou d’aménagement engagés au Canada, (B) la partie du montant visé à la division (A) que le contribuable a remboursée avant cette date en conformité avec une obligation légale de rembourser tout ou partie du montant, (x) toute somme qui, en vertu de l’article 97, doit être ajoutée avec ce moment dans le calcul du prix de base rajusté, pour le contribuable, de la participation, (xiv) [Repealed, 2009, c. 2, s. 11] exceeds (xi) si la part du contribuable sur le revenu ou la perte de la société de personnes est d’au moins 10 % à un moment donné, toute dépense engagée par le contribuable au titre d’un fonds de terre ou d’un bâtiment de la société de personnes et qui, à cause du paragraphe 18(2) ou (3.1), n’était pas déductible par le contribuable dans le calcul de son revenu pour une année d’imposition commençant avant ce moment, (xii) tout montant à ajouter à ce moment, en application de l’alinéa 110.6(23)a), dans le calcul du prix de base rajusté de la participation pour le contribuable, (xiii) tout montant à ajouter, en application des paragraphes 127(30), 127.45(17), ou des articles 127.48 ou 211.92, à l’impôt payable par ailleurs par le contribuable en vertu de la présente partie pour une année d’imposition s’étant terminée avant ce moment relativement à la participation dans la société de personnes; (xiv) [Abrogé, 2009, ch. 2, art. 11] f) lorsque le bien est un bien de remplacement, au sens de l’alinéa a) de la définition de perte apparente à l’article 54, du contribuable, l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) la perte qui était, en raison de l’acquisition du bien par le contribuable, une perte apparente qu’un contribuable a subie à la disposition d’un bien, (ii) dans le cas où le bien était l’objet de la disposition était une action du capital-actions d’une société, le montant qui, sans l’alinéa 40(2)g), serait déduit en application des paragraphes 112(3), (3.1) ou (3.2) dans le calcul de la perte qu’un contribuable a subie à la disposition de l’action; f.1) lorsqu’une société canadienne imposable a disposé du bien en faveur du contribuable — qui est lui-même une société canadienne imposable — dans des circonstances qui font que l’alinéa f.2) n’a pas pour effet d’augmenter le prix de base rajusté, pour cette société ou toute autre société qui détient des actions du capital-actions du contribuable et que la perte en capital résultant de la disposition est réputée nulle par l’alinéa 40(2)e.1), (ou, dans le cas où le bien a été acquis par le contribuable avant 1996, par les alinéas 40(2)e) ou 85(4)a), dans leur version applicable aux biens acquis avant le 26 avril 1995), le montant qui aurait par ailleurs représenté la perte en capital résultant de la disposition; Income Tax PART I Income Tax DIVISION B Computation of Income
Impôt sur le revenu
(II) the product obtained when
is multiplied by
(B) the amount determined under subparagraph (i), (b) an amount equal to the lesser of (i) the product obtained when the foreign tax prescribed to be applicable to such portion of the dividend as is prescribed to have been paid out of the taxable surplus, as defined by regulation (in this Part referred to as “taxable surplus”) of the affiliate is multiplied by the amount by which (A) the corporation’s relevant tax factor for the year (B) one, and (ii) that portion of the dividend, (c) an amount equal to the lesser of (i) the product obtained when (A) the non-business-income tax paid by the corporation applicable to such portion of the dividend as is prescribed to have been paid out of the taxable surplus of the affiliate is multiplied by (B) the corporation’s relevant tax factor for the year, and (ii) the amount by which such portion of the dividend as is prescribed to have been paid out of the taxable surplus of the affiliate exceeds the deduction in respect thereof referred to in paragraph 113(1)(b), and (d) an amount equal to such portion of the dividend as is prescribed to have been paid out of the pre-acquisition surplus of the affiliate, and for the purposes of this subsection and Subdivision I of Division B, the corporation may make such elections as may be prescribed. Additional deduction
Where, at any particular time in a taxation year ending after 1975, a corporation resident in Canada has received a dividend on a share owned by it at the end of its 1975 taxation year of the capital stock of a foreign affiliate of the corporation, there may be deducted from the income for the year of the corporation for the purpose of computing its taxable income for the year, an amount in respect of the dividend equal to the lesser of (a) the amount, if any, by which the amount of the dividend so received exceeds the total of (i) the deduction in respect of the dividend permitted by subsection 91(5) in computing the corporation’s income for the year, and (ii) the deduction in respect of the dividend permitted by subsection 113(1) from the income for the year of the corporation for the purpose of computing its taxable income, and (b) the amount, if any, by which (i) the adjusted cost base to the corporation of the share at the end of its 1975 taxation year exceeds the total of (iii) such amounts in respect of dividends received by the corporation on the share after the end of its 1975 taxation year and before the particular time as are deductible under paragraph 113(1)(d) in computing the taxable income of the corporation for taxation years ending after 1975, (iii.1) the total of all amounts received by the corporation on the share after the end of its 1975 taxation year and before the particular time (A) on a reduction, before August 20, 2011, of the paid-up capital of the foreign affiliate in respect of the share, or (B) on a reduction, after August 19, 2011, of the paid-up capital of the foreign affiliate in respect of the share that is a qualifying return of capital within the meaning assigned by subsection 90(3) in respect of the share, and (iv) the total of all amounts deducted under this subsection in respect of dividends received by the corporation on the share before the particular time.
f.11) lorsqu’une personne (sauf une personne non-résidente ou une personne exonérée de l’impôt prévu à la présente partie sur son revenu imposable) ou une société de personnes canadienne admissible, au sens du paragraphe 80(1), a disposé d’un bien en faveur du contribuable dans des circonstances telles que l’alinéa f.1) n’a pas pour effet d’augmenter le prix de base rajusté du bien pour le contribuable, que l’alinéa f.2) n’a pas pour effet d’augmenter le prix de base rajusté, pour le contribuable, des actions du capital-actions du contribuable et que la perte en capital résultant de la disposition est réputée nulle par l’alinéa 40(2)e.1) (ou, dans le cas où le bien a été acquis par le contribuable avant 1996, par l’alinéa 85(4)a), dans sa version applicable aux biens acquis avant le 26 avril 1995), le montant qui représenterait par ailleurs la perte en capital résultant de la disposition; f.12) lorsque le bien est une dette commerciale donnée (cette expression s’entendant, au présent alinéa, au sens du paragraphe 80(1)) qui est payable au contribuable en contrepartie du règlement ou de l’extinction d’une autre dette commerciale qui lui est payable et que la perte du contribuable résultant de la disposition de l’autre dette a été réduite par l’effet de l’alinéa 40(2)e.2), le produit de la multiplication du montant de la réduction par le rapport entre le principal de la dette donnée et le total des montants représentant chacun le principal d’une dette commerciale payable au contribuable en contrepartie du règlement ou de l’extinction de l’autre dette; f.2) lorsque le bien est une action, le montant à ajouter en application de l’alinéa 40(3.6)b) (ou, dans le cas où le bien a été acquis par le contribuable avant 1996, en application de l’alinéa 85(4)b), dans sa version applicable aux biens dont il a été disposé avant le 26 avril 1995) dans le calcul du prix de base rajusté de l’action pour le contribuable; g) lorsque le bien est une obligation, un effet, un billet, une créance hypothécaire ou tout autre titre semblable, l’excédent éventuel du principal du titre sur la somme pour laquelle le titre a été émis, si cet excédent devait, en vertu du paragraphe 16(2) ou (3), être inclus dans le calcul du revenu du contribuable pour une année d’imposition commençant avant ce moment; g.1) lorsque le bien est un titre de créance indexé, tout montant déterminé selon le sous-alinéa 16(6)a)(i) relativement au titre, qui était à inclure dans le calcul du revenu du contribuable pour une année d’imposition commençant avant ce moment; h) lorsque le bien est un fonds de terre du contribuable, toute somme versée par ce dernier ou par un autre contribuable à l’égard duquel le contribuable était une personne, société ou société de personnes visées aux sous-alinéas b)(i), (ii) ou (iii) de la définition de intérêts sur une dette concernant l’acquisition d’un fonds de terre au paragraphe 18(3), après 1971 et avant ce moment en fait d’une obligation légale de payer : (i) soit, au sens du paragraphe 18(3), des intérêts sur une dette concernant l’acquisition d’un fonds de terre, (ii) soit des impôts fonciers (sauf l’impôt sur le revenu ou sur les bénéfices ou l’impôt afférent au transfert des biens) payés par le contribuable à une province ou à une municipalité canadienne, dans la mesure où cette somme, par l’effet du paragraphe 18(2), (iii) n’était pas déductible dans le calcul du revenu du contribuable tiré du fonds de terre ou d’une entreprise pour une année d’imposition commençant avant ce moment, (iv) n’était pas déductible dans le calcul du revenu de l’autre contribuable et n’était pas comprise dans le coût d’un bien pour lui, ou ajoutée à ce coût, autrement que par l’effet de l’alinéa d.3) ou du sous-alinéa e)(xi); i) lorsque le bien est un fonds de terre servant à une entreprise agricole exploitée par le contribuable, un montant relatif à chaque année d’imposition se terminant après 1971 et commençant avant ce moment, égal à la perte qui a résulté, pour le contribuable, pour cette année, de l’exploitation de l’entreprise agricole, dans la mesure où cette perte, à la fois : (i) n’était pas, en vertu de l’article 31, déductible dans le calcul du revenu du contribuable pour cette année, (ii) n’a pas été déduite dans le calcul du revenu imposable du contribuable pour l’année d’imposition dans laquelle le contribuable a disposé du bien, ou pour une année d’imposition antérieure, (iii) ne dépassait pas le total des montants suivants : (A) les impôts (autres que les impôts sur le revenu ou sur les bénéfices ou les impôts afférents au transfert du bien) payés par le contribuable au cours de cette année, ou qu’il devait payer au
In this section, deductible, in relation to an amount in respect of a payment, in computing relevant foreign income or profits, has the same meaning as in subsection 18.4(1). (déductible) entity has the same meaning as in subsection 95(1). (entité) equity interest has the same meaning as in subsection 18.4(1). (participation au capital) Portion of dividend deemed paid out of exempt surplus
(B) les intérêts versés par le contribuable au cours de cette année, ou qu’il devait verser au titre de cette année, en vertu d’une obligation légale de verser des intérêts sur de l’argent emprunté et utilisé pour l’acquisition du bien ou sur toute somme due en contrepartie de l’acquisition de ce bien, dans la mesure où il a été tenu compte de ces impôts et de ces intérêts dans le calcul de la perte, (iv) ne dépassant pas la différence obtenue en soustrayant : (A) le total de chacune des pertes que le contribuable a subies dans l’exploitation de son entreprise agricole pour les années d’imposition qui ont précédé cette année (dans la mesure où elles doivent, en vertu du présent alinéa, être ajoutées au prix de base rajusté du bien, pour le contribuable), de : (B) l’excédent éventuel du produit de disposition du bien pour le contribuable sur le prix de base rajusté du bien, pour le contribuable, immédiatement avant ce moment, déterminé sans tenir compte du présent alinéa; j) lorsque le bien est un titre, au sens du paragraphe 7(7), et que son acquisition par le contribuable a donné lieu à un avantage qui est réputé par l’article 7 avoir été reçu, au cours d’une année d’imposition commençant avant ce moment et après 1971, par le contribuable ou par une personne avec qui il avait un lien de dépendance, ou si le titre a été acquis après le 27 février 2000, qui aurait été ainsi réputé si l’article 7 s’appliquait comme ne tenant pas compte des paragraphes (1.1) et (8), le montant de cet avantage; k) lorsque le bien est une contre-valeur biens expropriés du contribuable (au sens de l’article 80.1) ou une contre-valeur biens réputée être une contre-valeur biens expropriés, toute somme qui, en vertu de l’alinéa 80.1(2)b), doit être ajoutée dans le calcul du prix de base rajusté de la contre-valeur pour le contribuable; l) lorsque le bien constitue une participation dans une fiducie créée à l’égard du fonds réservé qui est visée à l’article 138.1 : A × B/C where (iii) chaque montant réputé être, en vertu de l’alinéa 138.1(1)f), un montant payable au contribuable avant ce moment au titre de cette participation, (iv) chaque montant qui, en vertu du sous-alinéa 138.1(1)g)(ii), doit être ajouté avant ce moment au titre de cette participation, (iii) chaque montant qui, au titre de cette participation, est un gain en capital réputé avoir été attribuable au contribuable en vertu du paragraphe 138.1(4) avant ce moment, (iv) chaque montant qui, au titre de cette participation, était réputé être un gain en capital du contribuable en vertu du paragraphe 138.1(3); m) lorsque le bien est un bien d’un fonds de placement non-résident, au sens du paragraphe 94.1(1), (i) soit tout montant inclus, à l’égard d’un bien, en vertu du paragraphe 94.1(1), dans le calcul du revenu du contribuable pour une année d’imposition commençant avant ce moment, (ii) soit, si le contribuable est une société étrangère affiliée contrôlée (au sens du paragraphe 95(1)) d’une personne résidant au Canada, tout montant inclus, au titre du bien, dans le calcul du revenu étranger accumulé, tiré de biens de la société étrangère affiliée contrôlée en vertu de l’élément C de la formule figurant à la définition revenu étranger accumulé, tiré de biens au paragraphe 95(1) pour une année d’imposition commençant avant ce moment; n) les frais raisonnables que le contribuable a engagés avant ce moment pour l’arpentage ou l’évaluation du bien en vue de son acquisition ou de sa disposition (dans la mesure où ces frais ne sont pas par ailleurs déduits par le contribuable dans le calcul de son revenu pour une année d’imposition ou ne se rapportent pas à un autre bien); o) lorsque le bien est un bien réel du contribuable, tout montant à ajouter, en application de l’alinéa 43.1(2)b), dans le calcul du prix de base rajusté du bien pour le contribuable; p) lorsque le moment est postérieur à 2004 et que le bien est une participation dans une entité intermédiaire, au sens du paragraphe 39.1(1), ou une action du capital-actions d’une telle entité, le résultat du calcul suivant : A × B/C (q) any amount required under paragraph 53(4)(b), 53(6), 87(1)(d), 49.3(01)(b), 51(1)(d.2), 86(4)(b) or 87(5.1)(b) or (6.1)(b) to be added in computing the adjusted cost base to the taxpayer of the property; A × B/C where où : A représente le montant qui correspondrait au solde des gains en capital exonérés du contribuable relativement à l’entité pour l’année d’imposition 2005 ou antérieure, revenu non tenu du passage « qui se termine avant 2005 » à la définition de solde des gains en capital exonérés au paragraphe 39.1(1), B la juste valeur marchande du bien à ce moment, C la juste valeur marchande, à ce moment, de l’ensemble des participations du contribuable dans l’entité ou de ses actions du capital-actions de celle-ci; q) le montant à ajouter en application des alinéas (4)(b), (5)(b), (6)b), 47(1)d), 49.3(01)b), 51(1)d.2), 86(4)b) ou 87(5.1)b) ou (6.1)b) dans le calcul du prix de base rajusté du bien pour le contribuable; r) lorsque le moment est antérieur à 2005, que le bien est une participation dans une entité intermédiaire visée à l’un des alinéas a) à f) et h) de la définition de entité intermédiaire au paragraphe 39.1(1), ou une action du capital-actions de cette entité, et qu’immédiatement après ce moment, le contribuable a disposé de l’ensemble de ses participations dans l’entité ou de ses actions du capital-actions de celle-ci, la somme obtenue par la formule suivante : A × B/C où : A représente l’excédent éventuel du solde des gains en capital exonérés, au sens du paragraphe 39.1(1), du contribuable relativement à l’entité pour l’année d’imposition du contribuable qui comprend ce moment sur le total des montants représentant chacun : (i) un montant qui, par l’effet de l’article 39.1 et pour l’année, est appliqué en réduction d’un gain en capital en raison du solde des gains en capital exonérés du contribuable relativement à l’entité, (ii) le double du montant qui, par l’effet de l’article 39.1 et pour l’année, est appliqué en réduction d’un gain en capital imposable ou du revenu tiré d’une entreprise, en raison du solde des gains en capital exonérés du contribuable relativement à l’entité, B la juste valeur marchande du bien à ce moment, C la juste valeur marchande, à ce moment, de l’ensemble des participations du contribuable dans Income Tax PART I Income Tax DIVISION B Computation of Income
Such portion of any dividend received at any time in a taxation year by a corporation resident in Canada on a share owned by it of the capital stock of a foreign affiliate of the corporation, that was received after the 1971 taxation year for the affiliate and before the affiliate’s 1976 taxation year, as exceeds the amount deductible in respect of the dividend under paragraph 113(1)(d) in computing the corporation’s taxable income for the year shall, for the purposes of paragraph 113(1)(a), be deemed to be the portion of the dividend prescribed to have been paid out of the exempt surplus of the affiliate. Deduction restriction
exceeds Flow-through entity before 2005 Impôt sur le revenu
Any amount that, in the absence of this subsection, would be a dividend received by a corporation resident in Canada on a share owned by it of the capital stock of a foreign affiliate of the corporation is deemed, for the purposes of this section (other than this subsection), not to be a dividend received by the corporation on a share of the capital stock of the affiliate to the extent of the total of all amounts, each of which, in respect of the dividend, (a) is an amount that is or can reasonably be expected to be deductible in computing (i) relevant foreign income or profits, for a foreign taxation year, of (A) the affiliate, or (B) another entity (other than the corporation) because that entity has a direct or indirect equity interest in the affiliate, or (ii) income or profits of the affiliate that are taken into account in determining relevant foreign income or profits of another entity for a foreign taxation year; or (b) would, in the absence of any foreign hybrid mismatch rule or foreign expense restriction rule, be described in paragraph (a). Deduction for foreign taxes
If, for the purposes of this section (other than subsection (5)), all or any portion of a particular amount is deemed by subsection (5) not to be a dividend received by a corporation on a share of the capital stock of a foreign affiliate in a taxation year of the corporation, there may be deducted from the corporation’s income for the taxation year for the purpose of computing its taxable income for the year an amount equal to the lesser of (a) the particular amount or portion of the particular amount, as the case may be, and (b) the amount determined by the formula A is the non-business-income tax paid by the corporation and applicable to the particular amount or portion of the particular amount, as the case may be, B is the corporation’s relevant tax factor for the year.
Each corporation shall file with its return of income for a taxation year a prescribed form containing prescribed information if subsection (5) deems an amount not to be a dividend received by the corporation on a share of the capital stock of a foreign affiliate. Individual resident in Canada for only part of year
(a) the amount that would be the individual’s income for the year if the individual had no income or losses, for the part of the year throughout which the individual was non-resident, other than (i) income or losses described in paragraphs 115(1)(a) to (c), and (ii) income that would have been included in the individual’s taxable income earned in Canada for the year under subparagraph 115(1)(a)(v) if the part of the year throughout which the individual was non-resident were the whole taxation year, exceeds the total of (b) the deductions permitted by subsection 111(1) and, to the extent that they relate to amounts included in computing the amount determined under paragraph (a), the deductions permitted by any of paragraphs 110(1)(d) to (d.2) and (f), and (c) any other deduction permitted for the purpose of computing taxable income to the extent that (i) it can reasonably be considered to be applicable to the part of the year throughout which the individual was resident in Canada, or (ii) if all or substantially all of the individual’s income for the part of the year throughout which the individual was non-resident is included in the amount determined under paragraph (a), it can reasonably be considered to be applicable to that part of the year.
Apport de capital réputé (1.1) Pour l’application de l’alinéa (1)c), lorsqu’il a été disposé d’un bien avant le 7 mai 1974 et que : a) d’une part, le contribuable et la société visés par cet alinéa ont fait le choix prévu à l’article 85 à l’égard de ce bien; b) d’autre part, la contrepartie que le contribuable a tirée de ce bien ne comprend pas d’actions du capital-actions de la société, la disposition du bien est réputée être un apport en capital égal à l’excédent du montant visé à l’alinéa c) sur le montant visé à l’alinéa d): c) le montant dont le contribuable et la société sont convenus dans le choix; d) la juste valeur marchande, au moment de la disposition, de toute contrepartie que le contribuable a tirée de la disposition du bien. Entité intermédiaire avant 2005 (1.2) Pour l’application de l’alinéa (1)r), si la juste valeur marchande de l’ensemble des participations d’un contribuable dans une entité intermédiaire, ou de l’ensemble de ses actions du capital-actions d’une telle entité, est nulle au moment où il en dispose, la juste valeur marchande de chacune de ces participations ou actions à ce moment est réputée être égale à un dollar. Montants déductibles
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; 1985, c. 45, s. 59; 1988, c. 55, s. 87.] Taxable Income Earned in Canada by Non-Residents Non-resident’s taxable income in Canada
Dans le calcul du prix de base rajusté du bien, pour un contribuable, à un moment donné, doivent être déduits, au titre du bien, ceux des montants suivants qui sont appropriés : a) lorsque le bien est une action du capital-actions d’une société qui réside au Canada : (A.1) [Repealed, 2013, c. 34, s. 190] (B) paragraphs 12(1)(o) and 12(1)(x.2.5), 18(1)(m) and 20(1)(v.1), section 31, subsection 40(2), section 55 and subsections 69(6) and 69(7) of this Act and paragraphs 20(1)(gg) and 81(1)(r) and (s) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, and à la suite d’une réduction du capital versé de la société au titre de l’action; b.1) si le bien est une participation au capital d’une fiducie, toute somme qui est déduite par le contribuable par l’effet des paragraphes 91(2) ou (4) dans le calcul de son revenu pour une année d’imposition se terminant au plus tard à ce moment (ou qui aurait été ainsi déduite par lui en l’absence du paragraphe 56(4.1) et des articles 74.1 à 75 de la présente loi et de l’article 74 de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952) relativement à cette participation; b.2) s’il s’agit de biens du contribuable qui a été assujetti à un fait lié à la restriction de pertes à ce moment ou antérieurement, toute somme qui est déduite, en application de l’alinéa 111(4)c), dans le calcul du prix de base rajusté de bien; c) lorsque le bien est une participation dans une société de personnes: (i) une somme relative à chaque exercice de la société de personnes se terminant après 1971 et avant ce moment, égale au total des sommes dont chacune représente la part du contribuable (autre qu’une part en vertu d’une convention visée au paragraphe 96(1.1)) dans toute perte de la société de personnes, provenant de toute source, pour cet exercice, calculée comme si la présente loi était lue sans référence: (A) des fractions figurant à la formule figurant à l’alinéa 14(1)b), au paragraphe 14(5) et à l’alinéa 38b), (A.1) [Abrogée, 2013, ch. 34, art. 190] (A.2) de l’élément C de la formule figurant à l’alinéa 14(1)b), (B) des alinéas 12(1)o) et z.5), 18(1)m) et 20(1)v.1), de l’article 31, du paragraphe 40(2), de l’article 55 et des paragraphes 69(6) et (7) de la présente loi et des alinéas 20(1)gg) et 81(1)r) et s) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, (C) des paragraphes 100(4) et 112(3.1), (4), (4.2) du paragraphe 112(4.2) dans sa version applicable aux dispositions de biens effectuées avant le 27 avril 1995 et du paragraphe (5.2), sauf dans la mesure où il est raisonnable de considérer que tout ou partie de cette perte est incluse dans la perte commanditaire du contribuable dans la société de personnes pour l’année fiscale durant laquelle cet exercice se termine. Income Tax PART I Income Tax DIVISION B Computation of Income
(a) the non-resident person had no income other than (i) incomes from the duties of offices and employments performed by the non-resident person in Canada and, if the person was resident in Canada at the time the person performed the duties, outside Canada, (ii) incomes from businesses carried on by the non-resident person in Canada which, in the case of the Canadian banking business of an authorized foreign bank, is, subject to this Part, the profit from that business computed using the bank’s branch financial statements (within the meaning assigned by subsection 20.2(1)), (iii) taxable capital gains from dispositions described in paragraph 115(1)(b), (iii.1) the amount by which the amount required by paragraph 59.3(2)(c) to be included in computing the non-resident person’s income for the year exceeds any portion of that amount that was included in computing the non-resident person’s income from a business carried on by the non-resident person in Canada, (iii.2) amounts required by section 13 to be included in computing the non-resident person’s income for the year in respect of dispositions of property, to the extent that those amounts were not included in computing the non-resident person’s income from a business carried on by the non-resident person in Canada, (iii.21) the total of all amounts, each of which is an amount included under subparagraph 56(1)(r)(v) or section 56.3 in computing the non-resident person’s income for the year, (iii.22) the total of all amounts, each of which is an amount included under subparagraph 56(1)(r)(iv.1) in computing the non-resident person’s income for the year, (iii.3) in any case where, in the year, the non-resident person carried on a business in Canada described in any of paragraphs (a) to (g) of the definition principal-business corporation in subsection 66(15), all amounts in respect of a Canadian resource property that would be required to be included in computing the non-resident person’s income for the year under this Part if the non-resident person were resident in Canada at any time in the year, to the extent that those amounts are not included in computing the non-resident person’s income by virtue of subparagraph 115(1)(a)(ii) or 115(1)(a)(iii.1), (iv) the amount, if any, by which any amount required by subsection 106(2) to be included in computing the non-resident person’s income for the year as proceeds of the disposition of an income interest in a trust resident in Canada exceeds the amount in respect of that income interest that would, if the non-resident person had been resident in Canada throughout the year, be deductible under subsection 106(1) in computing the non-resident person’s income for the year, (iv.1) the amount, if any, by which any amount required by subsection 96(1.2) to be included in computing the non-resident person’s income for the year as proceeds of the disposition of a right to a share of the income or loss under an agreement referred to in paragraph 96(1.1)(a) exceeds the amount in respect of that right that would, if the non-resident person had been resident in Canada throughout the year, be deductible under subsection 96(1.3) in computing the non-resident person’s income for the year, (v) in the case of a non-resident person described in subsection 115(2), the total determined under paragraph 115(2)(e) in respect of the non-resident person, (vi) the amount that would have been required to be included in computing the non-resident person’s income in respect of a life insurance policy in Canada by virtue of subsection 148(1) or 148(1.1) if the non-resident person had been resident in Canada throughout the year, and (vii) in the case of a foreign affiliate, such amount as the taxpayer may elect in respect of the inclusion of that amount in its income for the year to (A) increase the amount that may be deducted under paragraph 126(1) for the year, (viii) in the case of an authorized foreign bank, the amount claimed by the bank to the extent that the inclusion of the amount in income (A) increases any amount deductible by the bank under subsection 126(1) for the year, and (B) does not increase an amount deductible by the bank under section 127 for the year, (b) the only taxable capital gains and allowable capital losses referred to in paragraph 3(b) were taxable capital gains and allowable capital losses from dispositions, other than dispositions deemed under subsection 218.3(2), of taxable Canadian properties (other than treaty-protected properties), and (c) the only losses for the year referred to in paragraph 3(d) were losses from duties of an office or employment performed by the person in Canada and businesses (other than treaty-protected businesses) carried on by the person in Canada and allowable business investment losses in respect of property of any gain from the disposition of which would, because of this subsection, be included in computing the person’s taxable income earned in Canada, exceeds the total of (d) the deductions permitted by subsection 111(1) and, to the extent that they relate to amounts included in computing the amount determined under any of paragraphs (a) to (c), the deductions permitted by any of paragraphs 110(1)(d) to (d.2), (e) and (f) and subsection 110.1(1), (e) the deductions permitted by any of subsections 112(1) and (2) and 138(6) in respect of a dividend received by the non-resident person, to the extent that the dividend is included in computing the non-resident person’s taxable income earned in Canada for the year, (e.1) the deduction permitted by subsection (4.1), and (f) where all or substantially all of the non-resident person’s income for the year is included in computing the non-resident person’s taxable income earned in Canada for the year, such of the other deductions permitted for the purpose of computing taxable income as may reasonably be considered wholly applicable.
Impôt sur le revenu
Where, in a taxation year, a non-resident person was DIVISION D Taxable Income Earned in Canada by Non-Residents (a) a student in full-time attendance at an educational institution in Canada that is a university, college or other educational institution providing courses at a post-secondary school level in Canada, (b) a student attending, or a teacher teaching at, an educational institution outside Canada that is a university, college or other educational institution providing courses at a post-secondary school level, who in any preceding taxation year ceased to be resident in Canada in the course of or subsequent to moving to attend or to teach at the institution, (b.1) an individual who in any preceding taxation year ceased to be resident in Canada in the course of or subsequent to moving to carry on research or any similar work under a grant received by the individual to enable the individual to carry on the research or work, (i) who had, in any previous year, ceased to be resident in Canada, (ii) who received, in the taxation year, salary or wages or other remuneration in respect of an office or employment that was paid to the individual directly or indirectly by a person resident in Canada, and (iii) who was, under an agreement or a convention with one or more countries that has the force of law in Canada, entitled to an exemption from an income tax otherwise payable in any of those countries in respect of the salary or wages or other remuneration, or (c.1) a person who received in the year an amount, under a contract, that was or will be deductible in computing the income of a taxpayer subject to tax under this Part and the amount can, irrespective of when the contract was entered into or the form or legal effect of the contract, reasonably be regarded as having been received, in whole or in part, (i) as consideration or partial consideration for entering into a contract of service or an agreement to perform a service where any such service is to be performed in Canada, or for undertaking not to enter into such a contract or agreement with another party, or (ii) as remuneration or partial remuneration from the duties of an office or employment or as compensation or partial compensation for services to be performed in Canada, the following rules apply: (d) for the purposes of subsection 2(3) the non-resident person shall be deemed to have been employed in Canada in the year, (e) for the purposes of subparagraph 115(1)(a)(v), the total determined under this paragraph in respect of the non-resident person is the total of (i) any remuneration in respect of an office or employment that was paid to the non-resident person directly or indirectly by a person resident in Canada and was received by the non-resident person in the year, except to the extent that the remuneration is attributable to the duties of an office or employment performed by the non-resident person anywhere outside Canada and (A) is subject to an income or profits tax imposed by the government of a country other than Canada, or (B) is paid in connection with the selling of property, the negotiation of contracts or the rendering of services for the non-resident person’s employer, a foreign affiliate of the employer, or any other person with whom the employer does not deal at arm’s length, in the ordinary course of a business carried on by the employer, that foreign affiliate or that person, (ii) amounts that would be required by paragraph 56(1)(n) or 56(1)(o) to be included in computing the non-resident person’s income for the year if the non-resident person were resident in Canada throughout the year and the reference in the applicable paragraph to “received by the taxpayer in the year” were read as a reference to “received by the taxpayer in the year from a source in Canada”, (iv) amounts that would be required by paragraph 56(1)(q) to be included in computing the non-resident person’s income for the year if the non-resident person were resident in Canada throughout the year, and (v) amounts described in paragraph 115(2)(c.1) received by the non-resident person in the year, except to the extent that they are otherwise required to be included in computing the non-resident person’s taxable income earned in Canada for the year, and DIVISION D Taxable Income Earned in Canada by Non-Residents (f) there may be deducted in computing the taxable income of the non-resident person for the year the amount that would be deductible in computing the non-resident person’s income for the year by virtue of section 62 if (i) the definition eligible relocation in subsection 248(1) were read without reference to subparagraph (a)(i) of that definition, and (ii) the amounts described in subparagraph 62(1)(c)(ii) were the amounts described in subparagraph (c)(ii) of this subsection. Non-resident actors (2.1) Notwithstanding subsection (1), where a non-resident person is liable to tax under subsection 212(5.1), or would if this Act were read without reference to subsection 212(5.2) be so liable, in respect of an amount paid, credited or provided in a particular taxation year, that amount shall not be included in computing the non-resident person’s taxable income earned in Canada for any taxation year unless a valid election is made under subsection 216.1(1) in respect of the non-resident person for the particular year. Deferred payment by actor’s corporation (2.2) Where a corporation is liable to tax under subsection 212(5.1) in respect of a corporation payment (within the meaning assigned by subsection 212(5.2)) made in a taxation year in respect of an actor and, in a subsequent year, the corporation makes an actor payment (within the meaning assigned by subsection 212(5.2)) to or for the benefit of the actor, the amount of the actor payment is not deductible in computing the income of the corporation for any taxation year and is not included in computing the taxable income earned in Canada of the actor for any taxation year. Non-resident persons — 2010 Olympic and Paralympic Winter Games (2.3) Notwithstanding subsection (1), no amount is to be included in computing the taxable income earned in Canada for any taxation year of a non-resident person, in respect of any amount paid or payable to that person in connection with the 2010 Olympic Winter Games or the 2010 Paralympic Winter Games, after 2009 and before April 2010, if that person is (a) an athlete who represents a country other than Canada; (b) a member of an officially registered support staff associated with a team from a country other than Canada; (c) a person who serves as a games official; (f) an international sports federation that is a member of the General Association of International Sports Federations; (g) an accredited foreign media organization; or (h) an individual, other than a trust, who is an employee, an officer or a member of a person described in any one or more of paragraphs (a) to (g), or who provides services under contract with one or more persons described in those paragraphs. Non-resident employed as aircraft pilot
For the purpose of applying subparagraph (1)(a)(i) to a non-resident person employed as an aircraft pilot, income of the non-resident person that is attributable to a flight (including a leg of a flight) and paid directly or indirectly by a person resident in Canada is attributable to duties performed in Canada in the following proportions: (a) all of the income attributable to the flight if the flight departs from a location in Canada and arrives at a location in Canada; (b) one-half of the income attributable to the flight if the flight departs from a location in Canada and arrives at a location outside Canada; (c) one-half of the income attributable to the flight if the flight departs from a location outside Canada and arrives at a location in Canada; and Non-resident’s income from Canadian resource property
Where a non-resident person ceases at any particular time in a taxation year to carry on such of the businesses described in any of paragraphs (a) to (g) of the definition principal business corporation in subsection 66(15) as were carried on by the non-resident person immediately before that time at one or more fixed places of business in Canada and either does not commence after that time and during the year to carry on any business so described at a fixed place of business in Canada or disposes of Canadian resource property at any time in the year during which the non-resident person was not carrying on any business so described at a fixed place of business in Canada, the following rules apply: (a) the taxation year of the non-resident person that would otherwise have included the particular time shall be deemed to have ended at that time and a new taxation year shall be deemed to have commenced immediately thereafter; (b) the non-resident person or any partnership of which the non-resident person was a member immediately after the particular time shall be deemed, for the purpose only of computing the non-resident person's income earned in Canada for the taxation year that is deemed to have ended, to have disposed immediately before the particular time of each Canadian resource property that was owned by the non-resident person or by the partnership immediately before the particular time and to have received therefor immediately before the particular time proceeds of disposition equal to the fair market value thereof at the particular time; and (c) the non-resident person or any partnership of which the non-resident person was a member immediately after the particular time shall be deemed, for the purpose only of computing the non-resident person's income earned in Canada for a taxation year commencing after the particular time, to have reacquired immediately after the particular time, at a cost equal to the amount deemed by paragraph 115(4)(b) to have been received by the non-resident person or the partnership as the proceeds of disposition therefor, each property deemed by that paragraph to have been disposed of. Foreign resource pool expenses (4.1) Where a taxpayer ceases at any time after February 27, 2000 to be resident in Canada, a particular taxation year of the taxpayer ends after that time and the taxpayer was non-resident throughout the period (in this subsection referred to as the “non-resident period”) that begins at that time and ends at the end of the particular year, (a) in computing the taxpayer's taxable income earned in Canada for the particular year, there may be deducted each amount that would be permitted to be deducted in computing the taxpayer's income for the particular year under subsection 66(4) or 66.2(4) if (i) subsection 66(4) were read without reference to the words "who is resident throughout a taxation year in Canada" and as if the amount determined under subparagraph 66(4)(b)(ii) were nil, and (ii) subsection 66.21(4) were read without reference to the words "throughout which the taxpayer is resident in Canada" and as if the amounts determined under subparagraph 66.21(4)(a)(ii) and paragraph 66.21(4)(b) were nil; and (b) an amount deducted under this subsection in computing the taxpayer's taxable income earned in Canada for the particular year is deemed, for the purpose of applying subsection 66(4) or 66.21(4), as the case may be, to a subsequent taxation year, to have been deducted in computing the taxpayer's income for the particular year.
For the purposes of subsection 115(4), partnership does not include a prescribed partnership.
déductible si la définition de revenu admissible à l’alignement au paragraphe 34.2(1) s’appliquait compte non tenu de son alinéa b), (ii) une somme relative à chaque exercice de la société de personnes se terminant après 1971 et avant ce moment, autre qu’un exercice postérieur à l’exercice au cours duquel le contribuable a cessé d’être un associé de la société de personnes, égale à la part du contribuable dans le total des montants suivants : (A) les sommes qui, sans l’alinéa 96(1)d), seraient déductibles dans le calcul du revenu de cette société de personnes pour l’exercice en vertu des Règles concernant l’application de l’impôt sur le revenu relatives aux frais d’exploration et d’aménagement, (B) les frais d’exploration et d’aménagement au Canada et les frais globaux relatifs à des ressources à l’étranger engagés par la société de personnes au cours de l’exercice, (C) les frais d’exploration au Canada engagés par la société de personnes au cours de l’exercice, (D) les frais d’aménagement au Canada engagés par la société de personnes au cours de l’exercice, (E) les frais à l’égard de biens canadiens relatifs au pétrole et au gaz engagés par la société de personnes au cours de l’exercice, (iii) toute somme réputée, selon le paragraphe 110.1(4) ou 118.1(8), être le montant admissible d’un don que le contribuable effectue du fait qu’il est un associé de la société de personnes à la fin d’un exercice de celle-ci se terminant avant ce moment, (iv) toute somme qui, en vertu de l’article 97, doit être déduite avant ce moment dans le calcul du prix de base rajusté, pour le contribuable, de la participation, (v) toute somme reçue par le contribuable après et avant ce moment au titre de ou en paiement intégral ou partiel de l’attribution de sa part (autre qu’une part en vertu d’une convention visée au paragraphe 96(1.1)) des bénéfices ou du capital de la société de personnes, déduits en vertu du paragraphe 127(5) dans le calcul de l’impôt par ailleurs payable par le contribuable en vertu de la présente partie pour ses années d’imposition se terminant avant ce moment qu’il est raisonnable d’attribuer aux montants ajoutés dans le calcul du crédit d’impôt à l’investissement du contribuable en vertu du paragraphe 127(8), (vi.1) une somme égale à la fraction des montants d’un crédit d’impôt pour le CUSC déduits en vertu du paragraphe 127.44(3) dans le calcul de l’impôt par ailleurs payable par le contribuable en vertu de la présente partie pour ses années d’imposition se terminant avant ce moment qu’il est raisonnable d’attribuer aux montants ajoutés dans le calcul du crédit d’impôt du contribuable en vertu du paragraphe 127.44(11), (vi.2) une somme égale à la fraction des montants d’un crédit d’impôt à l’investissement dans les technologies propres déduits en vertu du paragraphe 127.45(6) dans le calcul de l’impôt par ailleurs payable par le contribuable en vertu de la présente partie pour ses années d’imposition se terminant avant ce moment qu’il est raisonnable d’attribuer aux montants ajoutés dans le calcul du crédit d’impôt du contribuable en vertu du paragraphe 127.45(8), (vi.3) une somme égale à la fraction des montants réputés être déduits en vertu du paragraphe 127.48(3) dans le calcul de l’impôt par ailleurs payable par le contribuable en vertu de la présente partie pour ses années d’imposition se terminant avant ce moment qu’il est raisonnable d’attribuer aux montants ajoutés dans le calcul du crédit d’impôt pour l’hydrogène propre (au sens du paragraphe 127.48(1)) du contribuable en vertu du paragraphe 127.48(12), (vi.4) une somme égale à la fraction des montants réputés être déduits en vertu du paragraphe 127.49(6) dans le calcul de l’impôt par ailleurs payable par le contribuable en vertu de la présente partie pour ses années d’imposition se terminant avant ce moment qu’il est raisonnable d’attribuer aux montants ajoutés dans le calcul du crédit d’impôt à l’investissement pour le FTP (au sens du paragraphe 127.49(1)) du contribuable en vertu du paragraphe 127.49(8), (vii) toute somme ajoutée en vertu du paragraphe 127.2(4) dans le calcul de son crédit d’impôt à Income Tax PART I Income Tax DIVISION B Computation of Income
The definitions in subsection 138(12) apply to this section. Competent authority agreements
Impôt sur le revenu
Transfer of rights and obligations
Where rights and obligations under an agreement described in subsection 115.1(1) have been transferred to another person with the concurrence of the Minister, that other person shall be deemed, for the purposes of subsection 115.1(1), to have entered into the agreement with the Minister. Non-Residents with Canadian Investment Service Providers
Canadian investor, at any time in respect of a non-resident person, means a person that the non-resident person knows, or ought to know after reasonable inquiry, is at that time resident in Canada. (investisseur canadien) Canadian service provider means a corporation resident in Canada, a trust resident in Canada or a Canadian partnership. (fournisseur de services canadien) designated investment services provided to a person or partnership means any one or more of the services described in the following paragraphs: (a) investment management and advice with respect to qualified investments, regardless of whether the manager has discretionary authority to buy or sell; (b) purchasing and selling qualified investments, exercising rights incidental to the ownership of qualified investments such as voting, conversion and exchange, and entering into and executing agreements with respect to such purchasing and selling and the exercising of such rights; (c) investment administration services, such as receiving, delivering and having custody of investments, calculating and reporting investment values, receiving subscription amounts from, and paying distributions and proceeds of disposition to, investors in and beneficiaries of the person or partnership, record keeping, accounting and reporting to the person or partnership and its investors and beneficiaries; and promoter of a corporation, trust or partnership means a particular person or partnership that initiates or directs the founding, organization or substantial reorganization of the corporation, trust or partnership, and a person or partnership that is affiliated with the particular person or partnership. (promoteur) qualified investment of a person or partnership means DIVISION D Taxable Income Earned in Canada by Non-Residents Non-Residents with Canadian Investment Service Providers (a) a share of the capital stock of a corporation, or an interest in a partnership, trust, entity, fund or organization, other than a share or an interest (i) that is either (A) not listed on a designated stock exchange, or (B) listed on a designated stock exchange, if the person or partnership, together with all persons with whom the person or partnership does not deal at arm’s length, owns 25% or more of the issued shares of any class of the capital stock of the corporation or of the total value of interests in the partnership, entity, trust, fund or organization, as the case may be, and (ii) of which more than 50% of the fair market value is derived from one or more of (A) real or immovable property situated in Canada, (B) Canadian resource property, and (c) annuities; (e) currency; and (f) options, interests, rights and forward and futures agreements in respect of property described in any of paragraphs (a) to (e) or this paragraph, and agreements under which obligations are derived from interest rates, from the price of property described in any of those paragraphs, from payments made in respect of such a property by its issuer to holders of the property, or from an index reflecting a composite measure of such rates, prices or payments, whether or not the agreement creates any rights in or obligations regarding the referenced property itself. (placement admissible) DIVISION D Taxable Income Earned in Canada by Non-Residents Non-Residents with Canadian Investment Service Providers Not carrying on business in Canada
For the purposes of subsections 115(1) and 150(1), Part XIV and section 805 of the Income Tax Regulations, a non-resident person is not considered to be carrying on business in Canada at any particular time solely because of the provision to the person, or to a partnership of which the person is a member, at the particular time of designated investment services by a Canadian service provider if (a) in the case of services provided to a non-resident individual other than a trust, the individual is not affiliated at the particular time with the Canadian service provider; (b) in the case of services provided to a non-resident person that is a corporation or trust, (i) the person has not, before the particular time, directly or through its agents, (A) directed any promotion of investments in itself principally at Canadian investors, or (B) sold an investment in itself that is outstanding at the particular time to a person who was a Canadian investor at the time of the sale and who is a Canadian investor at the particular time, (ii) the person has not, before the particular time, directly or through its agents, filed any document with a public authority in Canada in accordance with the securities legislation of Canada or of any province in order to permit the distribution of interests in the person to persons resident in Canada, and (iii) when the particular time is more than one year after the time at which the person was created, the total of the fair market value, at the particular time, of investments in the person that are beneficially owned by persons and partnerships (other than a designated entity in respect of the Canadian service provider) that are affiliated with the Canadian service provider does not exceed 25% of the fair market value, at the particular time, of all investments in the person; and (c) the service is provided by a corporation, a trust or a partnership of persons none of whom is an affiliated entity of the non-resident person. (c) in the case of services provided to a partnership of which the non-resident person is a member, (i) the particular time is not more than one year after the partnership was formed, (ii) where the non-resident person is, or is affiliated with, a person or partnership described in clause (A) or (B), the total of the fair market value of all investments in the partnership at the particular time is not less than four times the total of the fair market value of each investment in the partnership beneficially owned at the particular time by (A) a person or partnership (other than a designated entity in respect of the Canadian service provider), more than 25% of the total of the fair market value, at the particular time, of investments in which are beneficially owned by persons and partnerships (other than a designated entity in respect of the Canadian service provider) that are affiliated with the Canadian service provider, or (B) a person or partnership (other than a designated entity in respect of the Canadian service provider) that is affiliated with the Canadian service provider, or (iii) at the particular time, the non-resident person is not affiliated with the Canadian service provider and is not affiliated with any person or partnership (other than the partnership to which the services are provided) described in clause (ii)(A) or (B).
(x) une somme déductible par le contribuable en application du sous-alinéa 20.01(1)e)(vii) en rapport avec la société de personnes pour une année d’imposition postérieure qui a commencé avant ce moment, (xii) tout montant payable par la société de personnes, dans la mesure où il est déductible en application du paragraphe 20.01(1) dans le calcul du revenu du contribuable pour une année d’imposition ayant commencé avant ce moment, (xiii) le montant de toute réduction, au sens de l’alinéa 247(13)a), du montant d’un dividende que le contribuable est réputé avoir reçu relativement à une opération, au sens du paragraphe 247(1), ou à une série d’opérations à laquelle la société de personnes a pris part; d) lorsque le bien est d’une nature telle que le contribuable, après 1971 et avant ce moment, en a disposé en partie et en a gardé l’autre partie, le montant calculé en vertu de l’article 43 comme étant le prix de base rajusté pour le contribuable de la partie dont il ainsi disposé; e) lorsque le bien est une action ou un droit ou un intérêt sur ou en vertu de cette action — ou, pour l’application du droit civil, un droit relatif à cette action — et qu’il a été acquis avant août 1976, une somme égale aux frais engagés par le contribuable en contrepartie de son acquisition, dans la mesure où il s’agissait : (i) en vertu de l’alinéa e) de la définition de frais d’exploration et d’aménagement au Canada au Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this subsection and subparagraphs (2)(b)(iii) and (c)(ii), (a) the fair market value of an investment in a corporation, trust or partnership shall be determined without regard to any voting rights attaching to that investment; and (b) a person or partnership is, at a particular time, a designated entity in respect of a Canadian service provider if the total of the fair market value at the particular time, of investments in the entity that are beneficially owned by persons and partnerships (other than DIVISION D Taxable Income Earned in Canada by Non-Residents Non-Residents with Canadian Investment Service Providers another designated entity in respect of the Canadian service provider) that are affiliated with the Canadian service provider does not exceed 25% of the fair market value, at the particular time, of all investments in the entity. Transfer pricing
Impôt sur le revenu
For the purpose of section 247, where subsection (2) applies in respect of services provided to a person that is a corporation or trust or to a partnership, if the Canadian service provider referred to in that subsection does not deal at arm’s length with the promoter of the person or of the partnership, the service provider is deemed not to deal at arm’s length with the person or partnership. Disposition by non-resident person of certain property
(a) the name and address of the person to whom he proposes to dispose of the property (in this section referred to as the “proposed purchaser”); (c) the estimated amount of the proceeds of disposition to be received by the non-resident person for the property; and Certificate in respect of proposed disposition
Where a non-resident person who has sent to the Minister a notice under subsection 116(1) in respect of a proposed disposition of any property has (a) paid to the Receiver General, as or on account of tax under this Part payable by the non-resident person for the year, 25% of the amount, if any, by which the estimated amount set out in the notice in accordance with paragraph 116(1)(c) exceeds the amount set out in the notice in accordance with paragraph 116(1)(d), or DIVISION D Taxable Income Earned in Canada by Non-Residents Non-Residents with Canadian Investment Service Providers (b) furnished the Minister with security acceptable to the Minister in respect of the proposed disposition of the property, the Minister shall forthwith issue to the non-resident person and the proposed purchaser a certificate in prescribed form in respect of the proposed disposition, fixing therein an amount (in this section referred to as the "certificate limit") equal to the estimated amount set out in the notice in accordance with paragraph 116(1)(c). Notice to Minister
Every non-resident person who in a taxation year disposes of any taxable Canadian property of that person (other than property described in subsection 116(5.2) and excluded property) shall, not later than 10 days after the disposition, send to the Minister, by registered mail, a notice setting out (a) the name and address of the person to whom the non-resident person disposed of the property (in this section referred to as the "purchaser"), (c) a statement of the proceeds of disposition of the property and the amount of its adjusted cost base to the non-resident person immediately before the disposition, unless the non-resident person has, at any time before the disposition, sent to the Minister a notice under subsection 116(1) in respect of any proposed disposition of that property and (d) the purchaser was the proposed purchaser referred to in that notice, (e) the estimated amount set out in that notice in accordance with paragraph 116(1)(c) is equal to or greater than the proceeds of disposition of the property, and (f) the amount set out in that notice in accordance with paragraph 116(1)(d) does not exceed the adjusted cost base to the non-resident person of the property immediately before the disposition. Certificate in respect of property disposed of
Where a non-resident person who has sent to the Minister a notice under subsection 116(3) in respect of a disposition of any property has (a) paid to the Receiver General, as or on account of tax under this Part payable by the non-resident person for the year, 25% of the amount, if any, by which the DIVISION D Taxable Income Earned in Canada by Non-Residents Non-Residents with Canadian Investment Service Providers proceeds of disposition of the property exceed the adjusted cost base to the non-resident person of the property immediately before the disposition, or (b) furnished the Minister with security acceptable to the Minister in respect of the disposition of the property, the Minister shall forthwith issue to the non-resident person and the purchaser a certificate in prescribed form in respect of the disposition. Liability of purchaser
(ii) en vertu de l’alinéa b) de la définition de frais d’exploration au Canada au paragraphe 66(15), de frais d’exploration au Canada, (iii) en vertu de l’alinéa c) de la définition de frais d’aménagement au Canada au paragraphe 66(2.5), de frais d’aménagement au Canada, (iv) en vertu de l’alinéa c) de la définition de frais à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe 66.4(5), de frais à l’égard de biens canadiens relatifs au pétrole et au gaz, engagés par lui; f.1) lorsque le bien est reçu par le contribuable en contrepartie de tout paiement ou prêt : (i) d’une part, fait avant le 20 avril 1983 par le contribuable en tant que société actionnaire (au sens du paragraphe 66(15)) de la société d’exploration en commun de l’actionnaire, (ii) d’autre part, vise à l’alinéa b) de la définition de partie convenue au paragraphe 66(15), ou lorsque le bien a été substitué à un tel bien, la fraction du paiement ou du prêt qu’il est raisonnable de considérer comme se rapportant à une partie convenue (au sens du paragraphe 66(15)) des frais de la société d’exploration en commun qui consistent, selon le cas, en : (iii) frais d’exploration et d’aménagement au Canada, (iv) frais d’exploration au Canada, (v) frais d’aménagement au Canada, (vi) frais à l’égard de biens canadiens relatifs au pétrole et au gaz; f.1) lorsque le bien est une action du capital-actions d’une société d’exploration en commun résidant au Canada et que le contribuable a fait, après 1971, autrement qu’au moyen d’un prêt, un apport de capital à cette société qui a été inclus dans le calcul du prix de base rajusté du bien en vertu de l’alinéa (1)c), la partie de cet apport qu’il est raisonnable de considérer comme une fraction d’une partie convenue (au sens du paragraphe 66(15)) des frais de la société qui consistent, selon le cas, en : Income Tax PART I Income Tax DIVISION B Computation of Income
Where in a taxation year a purchaser has acquired from a non-resident person any taxable Canadian property (other than depreciable property or excluded property) of the non-resident person, the purchaser, unless (a) after reasonable inquiry the purchaser had no reason to believe that the non-resident person was not resident in Canada, (a.1) subsection (5.01) applies to the acquisition, or (b) a certificate under subsection 116(4) has been issued to the purchaser by the Minister in respect of the property, is liable to pay, and shall remit to the Receiver General within 30 days after the end of the month in which the purchaser acquired the property, as tax under this Part for the year on behalf of the non-resident person, 25% of the amount, if any, by which (c) the cost to the purchaser of the property so acquired (d) the certificate limit fixed by the certificate, if any, issued under subsection 116(2) in respect of the disposition of the property by the non-resident person to the purchaser, and is entitled to deduct or withhold from any amount paid or credited by the purchaser to the non-resident person or otherwise recover from the non-resident person any amount paid by the purchaser as such a tax. Treaty-protected property (5.01) This subsection applies to the acquisition of a property by a person (referred to in this subsection as the “purchaser”) from a non-resident person if (a) the purchaser concludes after reasonable inquiry that the non-resident person is, under a tax treaty that Canada has with a particular country, resident in that particular country; DIVISION D Taxable Income Earned in Canada by Non-Residents Non-Residents with Canadian Investment Service Providers (b) the property would be treaty-protected property of the non-resident person if the non-resident person were, under the tax treaty referred to in paragraph (a), resident in the particular country; and (c) the purchaser provides notice under subsection (5.02) in respect of the acquisition. Notice by purchaser in respect of an acquisition of property (5.02) A person (referred to in this subsection as the “purchaser”) who acquires property from a non-resident person provides notice under this subsection in respect of the acquisition if the purchaser sends to the Minister, on or before the day that is 30 days after the date of the acquisition, a notice setting out (a) the date of the acquisition; (b) the name and address of the non-resident person; (d) the amount paid or payable, as the case may be, by the purchaser for the property; and (e) the name of the country with which Canada has concluded a tax treaty under which the property is treaty-protected property for the purposes of subsection (5.01) or (6.1), as the case may be. (5.1) If a non-resident person has disposed of or proposes to dispose of a life insurance policy in Canada, a Canadian resource property or a taxable Canadian property other than (b) property that has been transferred or distributed on or after the non-resident person’s death and as a consequence thereof to any person by way of gift inter vivos or to a person with whom the non-resident person was not dealing at arm’s length for no proceeds of disposition or for proceeds of disposition less than the fair market value of the property at the time the non-resident person so disposed of it or proposes to dispose of it, as the case may be, the following rules apply: (c) the reference in paragraph 116(1)(c) to “the proceeds of disposition to be received by the non-resident person for the property” shall be read as a reference to "the fair market value of the property at the time the non-resident person proposes to dispose of it", (d) the references in subsections 116(3) and (4) to "the proceeds of disposition of the property" shall be read as references to "the fair market value of the property immediately before the disposition", (e) the references in subsection 116(5) to "the cost to the purchaser of the property so acquired" shall be read as references to "the fair market value of the property at the time it was so acquired", and (f) the reference in subsection 116(5.3) to "the amount payable by the taxpayer for the property so acquired" shall be read as a reference to "the fair market value of the property at the time it was so acquired". (5.2) If a non-resident person has, in respect of a disposition, or a proposed disposition, in a taxation year to a taxpayer of property (other than excluded property) that is a life insurance policy in Canada, a Canadian resource property, a property (other than capital property) that is real property, or an immovable, situated in Canada, a timber resource property, depreciable property that is taxable Canadian property or any interest in, or for civil law any right in, or any option in respect of, a property to which this subsection applies (whether or not that property exists), (a) paid to the Receiver General, as or on account of tax under this Part payable by the non-resident person for the year, such amount as is acceptable to the Minister in respect of the disposition or proposed disposition of the property, or (b) furnished the Minister with security acceptable to the Minister in respect of the disposition or proposed disposition of the property, the Minister shall forthwith issue to the non-resident person and to the taxpayer a certificate in prescribed form in respect of the disposition or proposed disposition fixing therein an amount equal to the proceeds of disposition, proposed proceeds of disposition or such other amount as is reasonable in the circumstances. Liability of purchaser in certain cases (5.3) Where in a taxation year a taxpayer has acquired from a non-resident person property referred to in subsection 116(5.2), (a) the taxpayer, unless subsection (5.01) applies to the acquisition or unless after reasonable inquiry the taxpayer had no reason to believe that the non-resident person was not resident in Canada, is liable to pay, as tax under this Part for the year on behalf of the non-resident person, 50% of the amount, if any, by which (i) the amount payable by the taxpayer for the property so acquired (ii) the amount fixed in the certificate, if any, issued under subsection 116(5.2) in respect of the disposition of the property by the non-resident person to the taxpayer and is entitled to deduct or withhold from any amount paid or credited by the taxpayer to the non-resident person or to otherwise recover from the non-resident person any amount paid by the taxpayer as such a tax; and (b) the taxpayer shall, within 30 days after the end of the month in which the taxpayer acquired the property, remit to the Receiver General the tax for which the taxpayer is liable under paragraph 116(5.3)(a). (5.4) Where there has been a disposition by a non-resident of a life insurance policy in Canada by virtue of subsection 148(2) or any of paragraphs (a) to (c) and (e) of the definition disposition in subsection 148(9), the insurer under the policy shall, for the purposes of subsections 116(5.2) and (5.3), be deemed to be the taxpayer who acquired the property for an amount equal to the proceeds of disposition as determined under section 148. Definition of excluded property
Impôt sur le revenu
For the purposes of this section, excluded property of a non-resident person means (a) a property that is a taxable Canadian property solely because a provision of this Act deems it to be a taxable Canadian property; (a.1) a property (other than real or immovable property situated in Canada, a Canadian resource property or a timber resource property) that is described in an inventory of a business carried on in Canada by the person; (b) a security that is (i) listed on a recognized stock exchange, and (A) a share of the capital stock of a corporation, (c) a unit of a mutual fund trust; (e) property of a non-resident insurer that (i) is licensed or otherwise authorized under the laws of Canada or a province to carry on an insurance business in Canada, and (ii) carries on an insurance business, within the meaning of subsection 138(1) of the Act, in Canada; (f) property of an authorized foreign bank that carries on a Canadian banking business; (g) an option in respect of property referred to in any of paragraphs (a) to (f) whether or not such property is in existence; (h) an interest, or for civil law a right, in property referred to in any of paragraphs (a) to (g); and (i) a property that is, at the time of its disposition, a treaty-exempt property of the person.
(a) it is, at that time, a treaty-protected property of the non-resident person; and (b) where the purchaser and the non-resident person are related at that time, the purchaser provides notice under subsection (5.02) in respect of the disposition.
The definitions in subsection 138(12) apply to this section. Exception — underused housing tax
If, in the absence of this subsection, the Minister would be required to issue a certificate under subsection (2), (4) or (5.2) in respect of a disposition, or a proposed disposition, of property that is residential property, as DIVISION D Taxable Income Earned in Canada by Non-Residents Non-Residents with Canadian Investment Service Providers defined in section 2 of the Underused Housing Tax Act, the Minister may decline to issue the certificate if (a) the Minister is not satisfied that all returns that the non-resident person is required to file under section 7 of that Act in respect of the property have been filed; (b) the Minister is not satisfied that all taxes and other amounts payable under that Act by the non-resident person have been paid; or (c) the following conditions are met: (i) the Minister has reasonable grounds to believe that, for the calendar year immediately preceding the calendar year in which the property is or is expected to be disposed of, the non-resident person will be required to file a return under section 7 of that Act in respect of the property or will become liable to pay an amount of tax under subsection 6(3) of that Act in respect of the property, and (ii) the return has not been filed or the amount of tax has not been paid. Tax payable under this Part
(i) frais d’exploration et d’aménagement au Canada, (ii) frais d’exploration au Canada, (iii) frais d’aménagement au Canada, (vi) frais à l’égard de biens canadiens relatifs au pétrole et au gaz; f.2) tout montant dont l’alinéa 66(10.4)a) exige la déduction avant ce moment dans le calcul du prix de base rajusté du bien pour lui; g) lorsque l’article 80 s’applique au contribuable, le montant dont le prix de base rajusté du bien, pour le contribuable, doit être réduit selon les modalités réglementaires avant ce moment; h) un montant à déduire en application des alinéas (4) a), (5)a), (6)a), 47(1.1)b), 49(3.01)a), 51(1)b.1), 86(4)a) ou 87(5.1)a) ou (b.1) dans le calcul du prix de base rajusté du bien pour le contribuable ou un montant à appliquer en réduction de ce prix en application de l’un de l’effet des paragraphes 80(9), (10) ou (11); i) lorsque le bien est une participation au capital d’une fiducie — à l’exclusion d’une participation dans une fiducie personnelle qui n’a jamais été acquise moyennant contrepartie et d’une participation du contribuable dans une fiducie visée à l’un des alinéas a) à e.1) de la définition de fiducie au paragraphe 108(1): (i) toute somme payée au contribuable par la fiducie après 1971 et avant ce moment sous forme d’une distribution ou d’un paiement de capital par la fiducie — exception faite du produit de disposition de la participation ou d’une partie de celle-ci — dans la mesure où cette somme est devenue payable avant 1988, (i.1) toute somme devenue payable au contribuable par la fiducie après 1987 et avant ce moment au titre de cette participation — à l’exclusion du produit de disposition de la participation ou d’une partie de celle-ci — dans la mesure où il s’agit de la partie de cette somme qui, selon le cas : (A) a été incluse en application du paragraphe 104(13) dans le calcul du revenu du contribuable ou de laquelle un impôt a été déduit en vertu de la partie XIII par application de l’alinéa 212(1)c), (A.1) est réputée, en vertu du paragraphe 104(16), être un dividende reçu par le contribuable, (v) a timber resource property exceeds (B) si la fiducie réside au Canada tout au long de son année d’imposition au cours de laquelle la somme est devenue payable : (I) soit est égale au montant attribué au contribuable par la fiducie en application du paragraphe 104(21), (II) soit est attribuée au contribuable par la fiducie en application du paragraphe 104(20), (III) soit est une distribution déterminée, au sens du paragraphe 218.3(1), pour le contribuable, (vi) une somme égale à la fraction des montants déduits en vertu du paragraphe 127(5) dans le calcul de l’impôt par ailleurs payable par la fiducie en vertu de la présente partie pour ses années d’imposition se terminant avant ce moment et qui est raisonnable d’attribuer aux montants déduits dans le calcul du crédit d’impôt à l’investissement du contribuable prévu au paragraphe 127(7), (iii) toute somme ajoutée en vertu du paragraphe 127.2(3) dans le calcul de son crédit d’impôt à l’achat d’actions pour une année d’imposition finissant avant ou après ce moment, (iv) une somme égale à 50 % du montant réputé avoir été désigné en vertu du paragraphe 127.3(3), au moment, à l’égard de chaque action, créance ou droit acquis par la fiducie et réputé avoir été acquis par le contribuable en vertu de ce paragraphe, (v) une somme égale au montant de toute l’aide reçue par le contribuable avant ce moment et qui a donné lieu à une réduction du coût en capital d’un bien amortissable par la fiducie aux termes du paragraphe 13(7.2); l) lorsque le bien est une participation au capital d’une fiducie (autre qu’une fiducie d’investissement à participation unitaire) ne résidant pas au Canada qui a été achetée par le contribuable, après 1971 et avant ce moment, d’une personne non-résidente à un moment (appelé « moment de l’achat » au présent alinéa) où le bien n’était pas un bien canadien imposable et où la juste valeur marchande des biens de la fiducie qui étaient : (i) des avoirs miniers canadiens, (iii) une participation au revenu d’une fiducie résidant au Canada, Income Tax PART I Income Tax DIVISION B Computation of Income
Rates for taxation years after 2015
(v) a timber resource property exceeds Impôt sur le revenu
The tax payable under this Part by an individual on the individual’s taxable income or taxable income earned in Canada, as the case may be (in this Subdivision referred to as the “amount taxable”) for a taxation year is (a) 15% of the amount taxable, if the amount taxable is equal to or less than the amount determined for the taxation year in respect of $45,282; (b) if the amount taxable is greater than $45,282, but is equal to or less than $90,563, the maximum amount determinable in respect of the taxation year under paragraph (a), plus 20.5% of the amount by which the amount taxable exceeds $45,282 for the year; (c) if the amount taxable is greater than $90,563, but is equal to or less than $140,388, the maximum amount determinable in respect of the taxation year under paragraph (b), plus 26% of the amount by which the amount taxable exceeds $90,563 for the year; (d) if the amount taxable is greater than $140,388, but is equal to or less than $200,000, the maximum amount determinable in respect of the taxation year under paragraph (c), plus 29% of the amount by which the amount taxable exceeds $140,388 for the year; and (e) if the amount taxable is greater than $200,000, the maximum amount determinable in respect of the taxation year under paragraph (d), plus 33% of the amount by which the amount taxable exceeds $200,000 for the year. Adjustment to tax payable – advance payment (2.1) The tax payable under this Part on the individual’s taxable income for a taxation year, as computed under subsection (2), is deemed to be the total of the amount otherwise computed under that subsection and, except for the purposes of sections 118 to 118.9, 120.2, 121 and Subdivision C, the lesser of (a) the total of all amounts deemed to have been paid on account of the individual’s tax payable under this Part for the taxation year under subsections 122.7(2) and (3), and (b) the amount that (i) if the individual is an eligible individual for the purposes of subsection 122.7(2), is the total of all amounts deemed to have been paid (A) on account of the individual’s tax payable under this Part for the taxation year under subsection 122.7(2) or (3), and (B) on account of tax payable under this Part for the taxation year under subsection 122.72(1) or (3), if subsection 122.72(1) were read without reference to subsection 122.7(3), of a person who is the individual’s cohabiting spouse or common-law partner (as defined in subsection 122.7(1)) at the end of the taxation year, and (iii) in any other case, is the total of all amounts deemed to have been paid on account of the individual’s tax payable under this Part for the taxation year under subsection 122.72(1) or (3), if subsection 122.72(1) were read without reference to subsection 122.7(2). Minimum thresholds for 2004
Each of the amounts of $30,754, $61,509 and $100,000 referred to in subsection (2) is deemed, for the purposes of applying subsection (2) to the 2004 taxation year, to be the greater of (a) the amount that would be used for the 2004 taxation year if this section were read without reference to this subsection, and (b) in the case of (i) the amount of $30,754, $35,000, (ii) the amount of $61,509, $70,000, and Annual Adjustment of Deductions and Other Amounts
(a) the amount that would, but for subsection (3), be the amount to be used under the relevant provision for the preceding taxation year, and (b) the product obtained by multiplying (i) the amount referred to in paragraph (a) (ii) the amount, adjusted in such manner as may be prescribed and rounded to the nearest one-thousandth, or, where the result obtained is equidistant from two consecutive one-thousandths, to the higher thereof, that is determined by the formula A is the Consumer Price Index for the 12 month period that ended on September 30 next before that year, and B is the Consumer Price Index for the 12 month period immediately preceding the period mentioned in the description of A. Annual adjustment — amounts
For the purposes of subsection (1), each of the following amounts is a specified amount in relation to tax payable under this Part or Part 1.2 for a taxation year: (b) the amount of $1,000 referred to in the formula in paragraph 8(1)(s); (c) the amount of $400,000 referred to in the formula in paragraph 110.6(2)(a); (e) each of the amounts expressed in dollars in the description of B in subsection 118(1); (h) each of the amounts expressed in dollars in subsection 118(2); (i) the amount of $1,000 referred to in subsection 118(10); (k) each of the amounts expressed in dollars in subsection 118.2(1); (l) each of the amounts expressed in dollars in subsection 118.3(1); (m) each of the amounts expressed in dollars in subsection 122.5(3); (o) each of the amounts expressed in dollars in subsection 122.51(2); (p) the amount of $14,000 referred to in subsection 122.7(1.3); (q) the amounts of $1,395 and $2,403 in the description of A, and each of the amounts expressed in dollars in the description of B, in subsection 122.7(2); (r) the amount of $720 in the description of C, and each of the amounts expressed in dollars in the description of D, in subsection 122.7(3); (s) the amount of $10,000 in the description of B in subsection 122.91(2); and (t) each of the amounts expressed in dollars in Part I.2.
avant ce moment à une personne non-résidente à un moment (appelé ci-après « moment de l’achat ») où le bien n’était pas un bien canadien imposable et où la juste valeur marchande des biens de la fiducie qui étaient : (i) des avoirs miniers canadiens, (iii) une participation au revenu d’une fiducie résidant au Canada, (iv) des biens canadiens imposables, (v) un avoir forestier, n’était pas inférieure à 50 % de la juste valeur marchande de l’ensemble des biens de la fiducie, le produit de la multiplication de l’excédent éventuel du montant visé au sous-alinéa (vi) sur le total visé au sous-alinéa (vii) : (vi) la juste valeur marchande, au moment de l’achat, des biens de la fiducie qui étaient des biens visés à l’un des sous-alinéas (i) à (v), (vii) le total des coûts indiqués pour la fiducie, au moment de l’achat, des biens de la fiducie qui étaient des biens visés à l’un des sous-alinéas (i) à (v), par le rapport entre la juste valeur marchande de la participation au moment de l’achat et la juste valeur marchande, à ce même moment, de l’ensemble des participations au capital de la fiducie; (k) lorsque le bien est une unité d’une fiducie d’investissement à participation unitaire et ne résidant pas au Canada, acquis après 1971 par le contribuable avant ce moment à une personne non-résidente à un moment (appelé ci-après « moment de l’achat ») où le bien n’était pas un bien canadien imposable et où la juste valeur marchande des biens de la fiducie qui étaient : (i) des avoirs miniers canadiens, (iii) une participation au revenu d’une fiducie résidant au Canada, (iv) des biens canadiens imposables, (v) un avoir forestier, n’était pas inférieure à 50 % de la juste valeur marchande de l’ensemble des biens de la fiducie, le produit de la multiplication de l’excédent éventuel du montant visé au sous-alinéa (vi) sur le total visé au sous-alinéa (vii) : (vi) la juste valeur marchande, au moment de l’achat, des biens de la fiducie qui étaient des biens visés aux sous-alinéas (i) à (v), (vii) le total des coûts indiqués pour la fiducie, au moment de l’achat, des biens de la fiducie qui étaient des biens visés à l’un des sous-alinéas (i) à (v), Income Tax PART I Income Tax DIVISION B Computation of Income
Where an amount referred to in this section, when adjusted as provided in this section, is not a multiple of one dollar, it shall be rounded to the nearest multiple of one dollar or, where it is equidistant from two such consecutive multiples, to the higher thereof.
Impôt sur le revenu
In this section, the Consumer Price Index for any 12 month period is the result arrived at by (a) aggregating the Consumer Price Index for Canada, as published by Statistics Canada under the authority of the Statistics Act, adjusted in such manner as is prescribed, for each month in that period; (b) dividing the aggregate obtained under paragraph 117.1(4)(a) by twelve; and (c) rounding the result obtained under paragraph 117.1(4)(b) to the nearest one-thousandth or, where the result obtained is equidistant from two consecutive one-thousandths, to the higher thereof.
A is the appropriate percentage for the year, and B is the total of, (a) in the case of an individual who at any time in the year is a married person or a person who is in a common-law partnership who supports the individual’s spouse or common-law partner and not living in separate and apart from the spouse or common-law partner or by reason of a breakdown of their marriage or common-law partnership, an amount equal to the total of (i) the basic personal amount of the individual for the year, and (ii) the amount determined by the formula (A) $2,150 if the spouse or common-law partner is dependent on the individual by reason of mental or physical infirmity, and (B) in any other case, nil, C.01 is the basic personal amount of the individual for the year, and C.1 is the income of the individual’s spouse or common-law partner for the year or, if the individual and the individual’s spouse or common-law partner are living separate and apart at the end of the year because of a breakdown of their marriage or common-law partnership, the spouse’s or common-law partner’s income for the year while married to, or in a common-law partnership with, the individual and not so separated, Wholly dependent person (b) in the case of an individual who does not claim a deduction for the year because of paragraph 118(1)(a) and who, at any time in the year, (A) a person who is unmarried and who does not live in a common-law partnership, or (B) a person who is married or in a common-law partnership, who neither supported nor lived with their spouse or common-law partner and who is not supported by that spouse or common-law partner, and (ii) whether alone or jointly with one or more other persons, maintains a self-contained domestic establishment (in which the individual lives) and actually supports in that establishment a person who, at that time, is (A) except in the case of a child of the individual, resident in Canada, (B) wholly dependent for support on the individual, or the individual and the other person or persons, as the case may be, (C) related to the individual, and (D) except in the case of a parent or grandparent of the individual, either under 18 years of age or so dependent by reason of mental or physical infirmity, an amount equal to the total of (iii) the basic personal amount of the individual for the year, and (iv) the amount determined by the formula (I) the dependent person is, at the end of the taxation year, 18 years of age or older and is, at any time in the year, dependent on the individual by reason of mental or physical infirmity, or (II) the dependent person is a person, other than a child of the individual in respect of whom paragraph (b.1) applies, who, at the end of the taxation year, is under the age of 18 years and who, by reason of mental or physical infirmity, is likely to be, for a long and continuous period of indefinite duration, dependent on others for significantly more assistance in attending to the dependent person’s personal needs and care, when compared to persons of the same age, and is so dependent on the individual at any time in the year, and (B) in any other case, nil. D.01 is the basic personal amount of the individual for the year, and D.1 is the dependent person’s income for the year, (b.1) $2,150 for each child, who is under the age of 18 years at the end of the taxation year, of the individual and who, by reason of mental or physical infirmity, is likely to be, for a long and continuous period of indefinite duration, dependent on others for significantly more assistance in attending to the child’s personal needs and care, when compared to children of the same age if (i) the child ordinarily resides throughout the taxation year with the individual together with another parent of the child, or (A) may deduct an amount under paragraph (b) in respect of the child, or (B) could deduct an amount under paragraph (b) in respect of the child if (I) paragraph (4)(a) and the reference in paragraph (4)(b) to “or the same domestic establishment” did not apply to the individual for the taxation year, and (II) the child had no income for the year, (c) except in the case of an individual entitled to a deduction because of paragraph (a) or (b), the basic personal amount of the individual for the year, Canada caregiver credit (i) is dependent on the individual because of mental or physical infirmity, and (A) is a spouse or common-law partner of the individual, or (B) has attained the age of 18 years and is a dependant of the individual, the amount determined by the formula E is the amount, if any, by which the dependant’s income for the year exceeds $16,163, and Additional amount (e) in the case of an individual entitled to a deduction in respect of a person because of paragraph (a) or (b) and who would also be entitled, but for paragraph (4)(c), to a deduction because of paragraph (d) in respect of the person, the amount by which the amount that would be determined under paragraph (d) exceeds the amount determined under paragraph (a) or (b), as the case may be, in respect of the person. Definition of basic personal amount (1.1) For the purposes of subsection (1), basic personal amount, of an individual for a taxation year, means the amount determined by the formula A is $12,298; and B is the amount determined by the formula C is the amount determined by the formula (a) for the 2020 taxation year, $13,229, (b) for the 2021 taxation year, $13,808, (c) for the 2022 taxation year, $14,398, and G is the amount determined for A, D is the amount determined for C, and a) if the individual's income for the year is less than or equal to the first dollar amount for the year referred to in paragraph 117(2)(d), nil, and b) in any other case, the lesser of 1 and the amount determined by the formula H is the individual's income for the year, I is the first dollar amount for the year referred to in paragraph 117(2)(d), and J is the amount determined by the formula K is the first dollar amount for the year referred to in paragraph 117(2)(e), and L is the amount determined for I. Age credit
For the purpose of computing the tax payable under this Part for a taxation year by an individual who, before the end of the year, has attained the age of 65 years, there may be deducted the amount determined by the formula A is the appropriate percentage for the year; and B is 15% of the amount, if any, by which the individual's income for the year would exceed $25,921 if, in computing that income, no amount were included in respect of a gain from a disposition of property to which section 79 applies and no amount were deductible under paragraph 20(1)(ww). Pension credit
For the purpose of computing the tax payable under this Part by an individual for a taxation year, there may be deducted an amount determined by the formula A is the appropriate percentage for the year; and B is the lesser of (i) the eligible pension income of the individual for the taxation year, (ii) the total of all amounts received by the individual in the year on account of a retirement income security benefit under Part 2 of the *Veterans Well-being Act*, and (iii) the total of all amounts received by the individual in the year on account of an income replacement benefit payable to the individual under Part 2 of the *Veterans Well-being Act*, if the amount is determined under subsection 19.1(1), paragraph 23(1)(b) or subsection 26.1(1) of that Act (as modified, where applicable, under Part 5 of that Act).
par le rapport entre la juste valeur marchande de l’unité au moment de l’achat et la juste valeur marchande, à ce même moment, de l’ensemble des unités émises de la fiducie; k) lorsque le contribuable a acquis le bien après 1971, l’excédent éventuel du total des montants suivants : (i) le montant qu’il reçoit ou qu’il est en droit de recevoir avant ce moment d’un gouvernement, d’une municipalité ou d’une autre administration au titre du bien ou en vue de son acquisition, à titre de prime, de subvention, de prêt à remboursement conditionnel, de déductions de l’impôt qui en découle ou, sauf disposition contraire du présent alinéa, d’allocation de placement ou à tout autre titre mais qui n’est pas : (A) une somme visée à l’alinéa 37(1)d), (B) une somme dont la déduction est autorisée par l’article 65, (C) le montant d’une aide visée par règlement ou relativement auquel le contribuable a été ou est en droit de recevoir un montant en vertu du règlement du capital-actions d’une société canadienne imposable détenues dans le cadre d’un régime d’achat d’actions par règlement, soit en vue d’acquérir pareilles actions, (D) un montant inclus dans le revenu par l’application de l’alinéa 12(1)u) ou 56(1)s), (ii) les montants déduits en vertu des paragraphes 127(5) ou (6) relativement au bien avant ce moment, sur la partie éventuelle de l’aide visée au sous-alinéa (i) qu’il a remboursée avant ce moment en exécution d’une obligation de rembourser tout ou partie de cette aide; l) lorsque le bien est une créance, tout montant déductible en vertu du paragraphe 20(14) dans le calcul du revenu du contribuable pour toute année d’imposition commençant avant ce moment à l’égard des intérêts sur celle-ci;
For the purposes of subsection 118(1), the following rules apply: (a) no amount may be deducted under subsection 118(1) because of paragraphs (a) and (b) of the description of B in subsection 118(1) by an individual in a taxation year for more than one other person; (a.1) no amount may be deducted under subsection (1) because of paragraph (b) of the description of B in subsection (1) by an individual for a taxation year for a person in respect of whom an amount is deducted because of paragraph (a) of that description by another individual for the year if, throughout the year, the person and that other individual are married to each other or in a common-law partnership with each other and are not living separate and apart because of a breakdown of their marriage or the common-law partnership, as the case may be; (a.2) a reference to income for a year is to be read as a reference to that income determined as if, in computing that income, no amount were deductible under paragraph 20(1)(ww); (b) not more than one individual is entitled to a deduction under subsection (1) because of paragraph (b) of the description of B in that subsection for a taxation year in respect of the same person or the same domestic establishment and where two or more individuals otherwise entitled to such a deduction fail to agree as to the individual by whom the deduction may be made, no such deduction for the year shall be allowed to either or any of them; (b.1) not more than one individual is entitled to a deduction under subsection (1) because of paragraph (b.1) of the description of B in that subsection for a taxation year in respect of the same child and where two or more individuals otherwise entitled to such a deduction fail to agree as to the individual by whom the deduction may be made, no such deduction for the year shall be allowed to either or any of them; (c) if an individual is entitled to a deduction under subsection (1) because of paragraph (a) or (b) of the description of B in subsection (1) for a taxation year in respect of any person, no amount may be deducted because of paragraph (d) of that description by any individual for the year in respect of the person; and (i) the total of all amounts so deductible for the year shall not exceed the maximum amount that would be so deductible for the year by any one of those individuals for that person if that individual were the only individual entitled to deduct an amount for the year because of that paragraph for that person, and (ii) if the individuals cannot agree as to what portion of the amount each can so deduct, the Minister may fix the portions. Support
l.1) lorsque le bien est un titre de créance indexé : (i) tout montant déterminé selon le sous-alinéa 16(6)a)(ii) relativement au titre, qui était déductible
No amount may be deducted under subsection (1) in computing an individual’s tax payable under this Part for a taxation year in respect of a person where the individual is required to pay a support amount (within the meaning assigned by subsection 56.1(4)) to the individual’s spouse or common-law partner or former spouse or common-law partner in respect of the person and the individual (a) lives separate and apart from the spouse or common-law partner or former spouse or common-law partner throughout the year because of the breakdown of their marriage or common-law partnership; or (b) claims a deduction for the year because of section 60 in respect of a support amount paid to the spouse or common-law partner or former spouse or common-law partner. Where subsection (5) does not apply (5.1) Where, if this Act were read without reference to this subsection, solely because of the application of subsection (5), no individual is entitled to a deduction under paragraph (b) or (b.1) of the description of B in subsection (1) for a taxation year in respect of a child, subsection (5) shall not apply in respect of that child for that taxation year.
exceeds dans le calcul du revenu du contribuable pour une année d’imposition commençant avant ce moment, (ii) tout paiement reçu ou devant à recevoir par le contribuable au plus tard à ce moment, au titre d’un montant qui a été ajouté en application de l’alinéa (1) g.1) au coût du titre pour lui; m) la partie du coût du bien pour le contribuable qui était déductible (autrement que par l’effet de la présente sous-section ou de l’alinéa 8(1)r)) dans le calcul du revenu du contribuable pour une année d’imposition commençant avant ce moment et se terminant après 1971; n) lorsque le bien est une contre-valeur des biens expropriés du contribuable (au sens de l’article 80.1) ou une contre-valeur du contribuable qui, pour l’application de cet article, est réputée être une telle contre-valeur de biens expropriés, toute somme qui, en vertu de l’alinéa 80.1(2)b), doit être déduite dans le calcul du prix de base rajusté de la contre-valeur pour le contribuable; o) lorsque le coût est constitué par le droit de recevoir une somme d’une société de personnes en vertu de l’alinéa 98.2) ou 100(3)a), toute somme reçue par le contribuable en contrepartie totale ou partielle de ce droit; p) lorsque le bien est une créance du contribuable sur une société, toute somme à déduire avant ce moment, en vertu de l’article 84.1 de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, dans sa version applicable avant le 23 mai 1985, ou en vertu du paragraphe 84.2(2), dans le calcul du prix de base rajusté de la créance pour lui; q) lorsque le bien constitue une participation dans une fiducie créée à l’égard du fonds réservé qui est visée à l’article 138.1: (i) chaque montant qui, au titre de cette participation, est une perte en capital réputée avoir été attribuée au contribuable en vertu du paragraphe 138.1(4) avant ce moment, (ii) chaque montant qui, au titre de cette participation, était réputé avant ce moment être une perte en capital du contribuable en vertu du paragraphe 138.1(3); (iii) l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii); r) le montant choisi par le contribuable avant ce moment en vertu du paragraphe (2.1), (ii) tout remboursement antérieur à ce moment par le contribuable d’un montant, visé au paragraphe (2.1), reçu par le contribuable, qu’il est raisonnable de considérer comme rattaché au montant choisi, si ce remboursement est fait conformément à une obligation légale de rembourser tout ou partie du montant ainsi reçu; t) lorsque le bien consiste en un droit d’acquérir des actions ou des parts en vertu d’une convention, tout montant qui est à déduire en application de l’alinéa 164(6.1)b) dans le calcul du prix de base rajusté du droit pour le contribuable; u) dans le cas où le bien était, à la fin du 22 février 1994, un immeuble non admissible d’un contribuable, au sens du paragraphe 110.6(1) dans sa version applicable à l’année d’imposition 1994, le montant à déduire, en application de l’alinéa 110.6(22), dans le calcul de son prix de base rajusté pour le contribuable; v) dans le cas où le contribuable a fait un choix au paragraphe 110.6(19) relativement au bien, un montant à déduire, en application de l’alinéa 110.6(22), dans le calcul du prix de base rajusté du bien pour lui au moment de l’acquisition du bien; w) si le bien a été acquis aux termes d’un contrat dérivé à terme, toute somme déductible relativement au bien, en application de l’alinéa 20(1)xx), dans le calcul du revenu du contribuable pour une année d’imposition; x) si le bien a été disposé du bien aux termes d’un contrat dérivé à terme, toute somme déductible relativement au bien, en application de l’alinéa 20(1)xx), dans le calcul du revenu du contribuable pour l’année d’imposition qui comprend ce moment. Election Choix (2.1) Pour l’application de l’alinéa (2)s), le contribuable qui reçoit, au cours d’une année d’imposition, un montant qui, sans le présent paragraphe, serait inclus dans son revenu en application de l’alinéa 12(1)x) au titre du coût d’un bien, sauf un bien amortissable, qu’il a acquis au cours de l’année, des trois années d’imposition précédentes ou de l’année d’imposition suivante, peut choisir, au plus tard à la date à laquelle sa déclaration de revenu prévue sous la présente partie pour l’année doit être produite ou, si le bien est acquis au cours de l’année suivante, pour cette année suivante, de réduire le coût du bien d’un montant qu’il indique et désigne, n’excédant pas le moins élevé des suivants : a) le prix de base rajusté, calculé comme non tenu de l’alinéa (2)s), au moment de l’acquisition du bien; Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of paragraph (d) of the description of B in subsection (1), dependant, of an individual for a taxation year, means a person who at any time in the year is dependent on the individual for support and is (a) the child or grandchild of the individual or of the individual’s spouse or common-law partner; or (b) the parent, grandparent, brother, sister, uncle, aunt, niece or nephew, if resident in Canada at any time in the year, of the individual or of the individual’s spouse or common-law partner.
Subject to subsections (8) and (8.1), for the purposes of this subsection and subsection (3), eligible pension income of an individual for a taxation year means (a) if the individual has attained the age of 65 years before the end of the taxation year, the pension income received by the individual in the taxation year, and (b) if the individual has not attained the age of 65 years before the end of the taxation year, the qualified pension income received by the individual in the taxation year; (revenu de pension déterminé) pension income received by an individual in a taxation year means the total of (a) the total of all amounts each of which is an amount included in computing the individual’s income for the year that is (i) a payment in respect of a life annuity out of or under a superannuation or pension plan (other than a pooled registered pension plan) or a specified pension plan, (ii) an annuity payment under a registered retirement savings plan, under an “amended plan” as referred to in subsection 146(12) or under an annuity in respect of which an amount is included in computing the individual’s income by reason of paragraph 56(1)(d.2), (iii) a payment out of or under a registered retirement income fund or under an “amended fund” as referred to in subsection 146.3(11), (iii.2) an amount included under section 147.5, (iii.3) an amount included under subsection 146.5(2), (iv) an annuity payment under a deferred profit sharing plan or under a “revoked plan” as referred to in subsection 147(15), (v) a payment described in subparagraph 147(2)(k)(v), or (vi) the amount by which an annuity payment included in computing the individual’s income for the year by reason of paragraph 56(1)(d) exceeds the capital element of that payment as determined or established under paragraph 60(a), and (b) the total of all amounts each of which is an amount included in computing the individual’s income for the year by reason of section 12.2 of this Act or paragraph 56(1)(d.1) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952; (revenu de pension) qualified pension income received by an individual in a taxation year means the total of all amounts each of which is an amount included in computing the individual's income for the year and described in (a) subparagraph (a)(i) of the definition pension income in this subsection, or (b) any of subparagraphs 118(7) qualified pension income (a)(ii) to 118(7) qualified pension income (a)(vi) or paragraph (b) of the definition pension income in this subsection received by the individual as a consequence of the death of a spouse or common-law partner of the individual. (revenu de pension admissible)
[Repealed, 2001, c. 17, s. 36(13)]
For the purposes of subsection (7), pension income and qualified pension income received by an individual in a taxation year do not include any amount that is (a) the amount of a pension or supplement under the Old Age Security Act or of any similar payment under a law of a province; (b) the amount of a benefit under the Canada Pension Plan or under a provincial pension plan as defined in section 3 of that Act; (i) an amount required to be included in computing the individual's income for the year (ii) the amount, if any, by which the amount referred to in subparagraph (i) exceeds the total of all amounts deducted (other than under paragraph 60(c)) by the individual for the year in respect of that amount; (e) a payment received out of or under a salary deferral arrangement, a retirement compensation arrangement, an employee benefit plan or an employee trust; or (f) a payment (other than a payment under the Judges Act or the Lieutenant Governors Superannuation Act) received out of or under an unfunded supplemental plan or arrangement, being a plan or arrangement where Restriction (i) the payment was in respect of services rendered to an employer by the individual or the individual’s spouse or common-law partner or former spouse or common-law partner as an employee, and (ii) the plan or arrangement would have been a retirement compensation arrangement or an employee benefit plan had the employer made a contribution in respect of the payment to a trust governed by the plan or arrangement. (8.1) For the purposes of subsection (7), a payment in respect of a life annuity under a superannuation or pension plan is deemed to include a payment in respect of bridging benefits, being benefits payable under a registered pension plan on a periodic basis and not less frequently than annually to an individual where (a) the individual or the individual’s spouse or common-law partner or former spouse or common-law partner was a member (as defined in subsection 147.1(1)) of the registered pension plan; (b) the benefits are payable for a period ending no later than the month following the month in which the member attains 65 years of age or would have attained that age if the member had survived to that day; and (c) the amount (expressed on an annualized basis) of the benefits payable to the individual for a calendar year does not exceed the total of the maximum amount of benefits payable for that year under Part I of the Old Age Security Act and the maximum amount of benefits (other than disability, death or survivor benefits) payable for that year under either the Canada Pension Plan or a provincial pension plan as defined in section 3 of that Act. Child tax credit (9.1) For greater certainty, in the case of a child who in a taxation year is born, adopted or dies, the reference to “throughout the taxation year” in subparagraph 118(1)(b.1)(i) is to be read as a reference to “throughout the portion of the taxation year that is after the child’s birth or adoption or before the child’s death”. Canada Employment Credit
If at any time in a taxation year a person or partnership (in this subsection referred to as the “vendor”) disposes of a specified property and the proceeds of disposition of the property are determined under paragraph 48.1(1)(c), section 70 or 73, subsection 85(1), paragraph 87(4)(a) or 88(1)(a), subsection 97(2) or 98(2), paragraph 98(3)(f) or (5)(f), subsection 104(4), paragraph 107(2)(a) or (2.1)(a), 107.4(3)(a) or 111(4)(e) or section 128.1, exceeds
For the purpose of computing the tax payable under this Part by an individual for a taxation year, there may be deducted the amount determined by the formula A is the appropriate percentage for the taxation year; and B is the lesser of (b) the total of all amounts, each of which is an amount included in computing the individual’s income for the taxation year from an office or employment or an amount included in the taxpayer’s income for the taxation year because of subparagraph 56(1)(r)(iv). [NOTE: Application provisions are not included in the consolidated text; see relevant amending acts and regulations.]
Where b) le montant ainsi reçu par le contribuable; c) zéro, si le contribuable a disposé du bien avant l’année.
adoption period, in respect of an eligible child of an individual, means the period that (a) begins at the earlier of the time that an application is made for recognition with a provincial ministry responsible for adoption (or with an adoption agency licensed by a provincial government) and the time, if any, that an application related to the adoption is made to a Canadian court; and (b) ends at the later of the time an adoption order is issued by, or recognized by, a government in Canada in respect of that child, and the time that the child first begins to reside permanently with the individual. (période d’adoption) eligible adoption expense, in respect of an eligible child of an individual, means an amount paid for expenses incurred during the adoption period in respect of the adoption of that child, including (a) fees paid to an adoption agency licensed by a provincial government; (b) court costs and legal and administrative expenses related to an adoption order in respect of that child; (c) reasonable and necessary travel and living expenses of that child and the adoptive parents; (e) mandatory fees paid to a foreign institution; (f) mandatory expenses paid in respect of the immigration of that child; and (g) any other reasonable expenses related to the adoption required by a provincial government or an adoption agency licensed by a provincial government. (dépense d’adoption admissible) eligible child, of an individual, means a child who has not attained the age of 18 years at the time that an adoption order is issued or recognized by a government in Canada in respect of the adoption of that child by that individual. (enfant admissible) Adoption expense tax credit
[Abrogé, 2001, ch. 17, art. 36] Nouveau calcul du prix de base rajusté en cas de transfert et de disposition réputée
For the purpose of computing the tax payable under this Part by an individual for the taxation year that includes the end of the adoption period in respect of an eligible child of the individual, there may be deducted the amount determined by the formula A is the appropriate percentage for the taxation year; and B is the lesser of (b) the amount determined by the formula C is the total of all eligible adoption expenses in respect of the eligible child, and D is the total of all amounts each of which is the amount of a reimbursement or any other form of assistance (other than an amount that is included in computing the individual’s income and that is not deductible in computing the individual’s taxable income) that any individual is or was entitled to receive in respect of an amount included in computing the value of C. Apportionment of credit
Si, au cours d’une année d’imposition, une personne ou une société de personnes (appelées « vendeur » au présent paragraphe) dispose d’un bien déterminé pour un produit de disposition établi selon l’alinéa 48.1(1)c), les articles 70 ou 73, le paragraphe 85(1), les alinéas 87(4)a) ou 88(1)a), les paragraphes 97(2) ou 98(2), les alinéas 98(3)f) ou (5)f), le paragraphe 104(4), les alinéas 107(2)a) ou (2.1)a), 107.4(3)a) ou 111(4)e) ou l’article 128.1, les règles ci-après s’appliquent : a) il est déduit, après le moment de la disposition, dans le calcul du prix de base rajusté du bien pour le cessionnaire au présent paragraphe) qui acquiert, ou acquiert de nouveau, le bien à ce moment ou immédiatement après ce moment l’excédent éventuel du total visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le total des montants déduits en application de l’alinéa (2)g.1) dans le calcul, immédiatement avant ce moment, du prix de base rajusté du bien pour le vendeur, (ii) le montant qui représenterait le gain en capital du vendeur pour l’année tiré de la disposition, compte non tenu du sous-alinéa 40(1)a)(iii) et du paragraphe 100(2); b) le montant déterminé selon l’alinéa a) relativement à la disposition est à ajouter, après le moment de la disposition, dans le calcul du prix de base rajusté du bien pour le cessionnaire. Nouveau calcul du prix de base rajusté en cas de transfert
Where more than one individual is entitled to a deduction under this section for a taxation year in respect of the adoption of an eligible child, the total of all amounts so deductible shall not exceed the maximum amount that would be so deductible for the year by any one of those individuals for that child if that individual were the only individual entitled to deduct an amount for the year under this section, and if the individuals cannot agree as to what portion of the amount each can so deduct, the Minister may fix the portions.
Dans le cas où les conditions suivantes sont réunies : a) au cours d’une année d’imposition, une personne ou une société de personnes (appelées « vendeur » au présent paragraphe) dispose d’un bien déterminé en faveur d’une autre personne ou société de personnes (appelées « cessionnaire » au présent paragraphe), Income Tax PART I Income Tax DIVISION B Computation of Income
digital news subscription, of an individual with a qualified Canadian journalism organization, means an agreement entered into between the individual and the qualified Canadian journalism organization, if (a) the agreement entitles an individual to access content of the qualified Canadian journalism organization in digital form and that content is primarily written news; and qualifying subscription expense, for a taxation year, means the amount paid in the year for a digital news subscription of an individual with a qualified Canadian journalism organization and, for this purpose, if the digital news subscription provides access to content in non-digital form or content other than content of qualified Canadian journalism organizations, the amount considered to be paid for the digital news subscription shall not exceed (a) the cost of a comparable digital news subscription with the qualified Canadian journalism organization that solely provides access to content of qualified Canadian journalism organizations in digital form; and Restriction Digital news subscription tax credit
(d) the proceeds of the disposition are not determined under any of the provisions referred to in subsection 53(4), exceeds Impôt sur le revenu
For the purpose of computing the tax payable under this Part by an individual for a taxation year that is before 2025, there may be deducted the amount determined by the formula A is the appropriate percentage for the year; and B is the lesser of (b) the total of all amounts each of which is a qualifying subscription expense of the individual for the year. Apportionment of credit
If more than one individual is entitled to a deduction under this section for a taxation year in respect of a qualifying subscription expense, the total of all amounts so deductible shall not exceed the maximum amount that would be so deductible for the year by any one of those individuals in respect of the qualifying subscription expense, if that individual were the only individual entitled to deduct an amount for the year under this section, and if the individuals cannot agree as to what portion of the amount each can so deduct, the Minister may fix the portions. Ceasing to qualify
For the purposes of subsection (1), if amounts paid under an agreement cease to be qualifying subscription expenses at any particular time in a calendar year and, at the particular time, the Minister has communicated or otherwise made available pursuant to paragraph 241(3.4)(b) that these amounts qualify as qualifying subscription expenses, amounts paid under that agreement are deemed to be qualifying subscription expenses — to the same extent that the amounts paid were considered to be qualifying subscription expenses immediately before the particular time — until the end of the calendar year in which the Minister communicates or otherwise makes available pursuant to paragraph 241(3.4)(b) that amounts paid under the agreement no longer qualify as qualifying subscription expenses.
If an organization enters into a digital news subscription agreement with an individual and amounts paid under the agreement cease to be qualifying subscription expenses, the organization shall inform the individual that amounts paid under the agreement are no longer qualifying subscription expenses.
b) immédiatement avant la disposition, le vendeur et le cessionnaire avaient entre eux un lien de dépendance, ou auraient eu un tel lien si l’alinéa 80(2)(j) s’était appliqué dans le cadre du présent paragraphe, c) l’alinéa b) s’appliquerait à la disposition s’il n’était pas tenu compte de chaque droit visé à l’alinéa 251(5)(b) qui représente le droit du cessionnaire d’acquérir le bien déterminé auprès du vendeur ou son droit d’acquérir un autre bien au titre d’une opération ou d’un événement, ou d’une série d’opérations ou d’événements, qui comprend la disposition, d) le produit de la disposition n’est pas calculé selon l’une des dispositions visées au paragraphe (4), les règles suivantes s’appliquent : e) est à déduire, après la disposition, dans le calcul du prix de base rajusté du bien pour le cessionnaire l’excédent éventuel du total visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le total des montants déduits en application de l’alinéa (2)(g.1) dans le calcul du prix de base rajusté du bien pour le vendeur immédiatement avant la disposition, (ii) le montant qui représenterait le gain en capital du vendeur pour l’année tiré de la disposition, compte non tenu du sous-alinéa 40(1)a)(iii) et du paragraphe 100(2); f) le montant déterminé selon l’alinéa e) relativement à la disposition est à ajouter, après la disposition, dans le calcul du prix de base rajusté du bien pour le cessionnaire. Nouveau calcul du prix de base rajusté en cas de fusion
eligible dwelling of an individual, at any time, means a housing unit (including the land subjacent to the housing unit and the immediately contiguous land, but excluding the portion of such land that exceeds the greater of 1/2 hectare and the portion of such land that the individual establishes is necessary for the use and enjoyment of the housing unit as a residence) located in Canada if (a) the individual (or a trust under which the individual is a beneficiary) owns, whether jointly with another person or otherwise, at that time, the housing unit or a share of the capital stock of a co-operative housing corporation acquired for the sole purpose of acquiring the right to inhabit the housing unit owned by the corporation; and (b) the housing unit is ordinarily inhabited at any time during the eligible period by the individual, by the individual’s spouse or common-law partner or former spouse or common-law partner or by a child of the individual. (logement admissible) eligible period means the period that begins on January 28, 2009 and that ends on January 31, 2010. (période d’admissibilité) individual does not include a trust. (particulier) qualifying expenditure of an individual means an outlay or expense that is made or incurred, by the individual or by a qualifying relation in respect of the individual during the eligible period, that is directly attributable to a qualifying renovation by the individual and that is the cost of goods acquired or services received during the eligible period and includes such an outlay or expense for permits required for, or for the rental of equipment used in the course of, the qualifying renovation, but does not include such an outlay or expense (a) to acquire goods that have been used, or acquired for use or lease, by the individual or by a qualifying relation in respect of the individual, for any purpose whatever before they were acquired by the individual or the qualifying relation in respect of the individual; (b) made or incurred under the terms of an agreement entered into before the eligible period; (c) to acquire a property that can be used independently of the qualifying renovation; (e) to acquire a household appliance; (g) for financing costs in respect of the qualifying renovation; (h) made or incurred for the purpose of gaining or producing income from a business or property; or (i) in respect of goods or services provided by a person not dealing at arm’s length with the individual, unless the person is registered for the purposes of Part IX of the Excise Tax Act. (dépense admissible) qualifying relation in respect of an individual means a person who is the individual’s spouse or common-law partner, or a child of the individual who has not attained the age of 18 years before the end of 2009 (other than a child who was, at any time during the eligible period, a married person, a person who is in a common-law partnership or a person who has a child). (proche admissible) qualifying renovation by an individual, at any time, means a renovation or alteration, of a property that is at that time an eligible dwelling of the individual or of a qualifying relation in respect of the individual, that is of an enduring nature and that is integral to the eligible dwelling. (travaux de rénovation admissibles) Rules of application
Lorsque la nouvelle société issue de la fusion ou de l’unification de sociétés (appelées « sociétés remplacées » au présent paragraphe) acquiert, par suite de la fusion ou de l’unification, une immobilisation qui constitue un bien déterminé, les règles suivantes s’appliquent : a) est à déduire, après le moment de l’acquisition, dans le calcul du prix de base rajusté de l’immobilisation pour la nouvelle société le total des montants déduits en application de l’alinéa (2)(g.1) dans le calcul, immédiatement avant ce moment, du prix de base rajusté de l’immobilisation pour une des sociétés remplacées, sauf si ces montants sont déduits par ailleurs Income Tax PART I Income Tax DIVISION B Computation of Income Sections 53-54 NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations. R.S., 1985, c. 1 (5th Supp.), s. 53; 1994, c. 7, Sch. II, s. 30; 1996, c. 18, s. 41, c. 21, ss. 12, 25, 34, c. 14, s. 2; 1997, c. 25, s. 13; 1999, c. 22, s. 57; 2001, c. 17, s. 96; c. 19, s. 62; 2002, c. 14, s. 6; 2007, c. 29, s. 15; 2008, c. 28, s. 92; 2011, c. 25, s. 9; 2012, c. 19, s. 140; 2020, c. 14, s. 52; 2021, c. 23, s. 52; S.C. 1985, c. 1 (5th Supp.), ss. 2, 11; 1994, c. 7, Sch. II, s. 30; 1996, c. 21, ss. 10, 12, 25, 34, c. 18, s. 41; 2001, c. 17, ss. 96, 100, c. 19, s. 62; 2002, c. 14, s. 6; 2007, c. 29, s. 15; 2008, c. 28, s. 92; 2011, c. 25, s. 9; 2012, c. 19, s. 140; 2020, c. 14, s. 52; 2021, c. 23, s. 52; 2022, c. 17, s. 80. Definitions (d) in no case shall the adjusted cost base to a taxpayer of any property at any time be less than nil; (prix de base rajusté) (a) any depreciable property of the taxpayer, and Impôt sur le revenu
For the purposes of this section, (a) a qualifying expenditure of an individual includes an outlay or expense made or incurred by a co-operative housing corporation, a condominium corporation (or, for civil law, a syndicate of co-owners) or a similar entity (in this paragraph referred to as the “corporation”), in respect of a property that is owned, administered or managed by that corporation, and that includes an eligible dwelling of the individual, to the extent of the individual’s share of that outlay or expense, if (i) the outlay or expense would be a qualifying expenditure of the corporation if the corporation were a natural person and the property were an eligible dwelling of that natural person, and (ii) the corporation has notified the individual, in writing, of the individual’s share of the outlay or expense; and (b) a qualifying expenditure of an individual includes an outlay or expense made or incurred by a trust, in respect of a property owned by the trust that includes an eligible dwelling of the individual, to the extent of the share of that outlay or expense that is reasonably attributable to the individual, having regard to the amount of the outlays or expenses made or incurred in respect of the eligible dwelling of the individual (including, for this purpose, common areas relevant to more than one eligible dwelling), if (i) the outlay or expense would be a qualifying expenditure of the trust if the trust were a natural person and the property were an eligible dwelling of that natural person, and (ii) the trust has notified the individual, in writing, of the individual’s share of the outlay or expense. Home renovation tax credit
For the purposes of computing the tax payable under this Part by an individual for the individual’s 2009 taxation year, there may be deducted the amount determined by the formula A is the appropriate percentage for the taxation year; and B is the lesser of $10,000 and the total of all amounts, each of which is a qualifying expenditure of the individual. Interaction with medical expense credit
Notwithstanding paragraph 248(28)(b), an amount may be included in determining both an amount under subsection (3) and under section 118.2 if those amounts otherwise qualify to be included for the purposes of those provisions. Apportionment of credit
If more than one individual is entitled to a deduction under this section for a taxation year in respect of a qualifying expenditure of an individual, the total of all amounts so deducted shall not exceed the maximum amount that would be so deductible for the year by any one of those individuals in respect of the qualifying expenditure, if that individual were the only individual entitled to deduct an amount for the year under this section, and if the individuals cannot agree as to what portion of the amount each can so deduct, the Minister may fix the portions. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2009, c. 31, s. 4.
en application de cet alinéa dans le calcul du prix de base rajusté de l’immobilisation pour la nouvelle société; b) le montant déduit en application de l’alinéa a) relativement à l’acquisition est à ajouter, après le moment de l’acquisition, dans le calcul du prix de base rajusté de l’immobilisation pour la nouvelle société. NOTE : Les dispositions d’application ne sont pas incluses dans le présent texte consolidé; voir les lois et règlements modificatifs appropriés : L.R. (1985), ch. 1 (5e suppl.), art. 53; 1994, ch. 7, ann. II, art. 30; 1996, ch. 21, art. 25, 34; 1999, ch. 22, art. 14; 2001, ch. 17, art. 96; ch. 19, art. 62; 2002, ch. 14, art. 6; 2007, ch. 29, art. 15; 2008, ch. 28, art. 92; 2011, ch. 25, art. 9; 2012, ch. 19, art. 140; 2020, ch. 14, art. 52; 2021, ch. 23, art. 52; 2022, ch. 17, art. 80. Définitions 54 Les définitions qui suivent s’appliquent à la présente sous-section. bien déterminé Immobilisation d’un contribuable qui constitue, selon le cas : a) une action; b) une participation dans une société de personnes; c) une option portant sur l’acquisition d’un bien visé aux alinéas a), b) ou c) ou une option sur une telle option. (specified property) biens à usage personnel Sont compris parmi les biens à usage personnel : a) les biens qui appartiennent au contribuable et qui sont affectés principalement à l’usage ou à l’agrément personnels du contribuable ou à l’usage ou à l’agrément personnels d’une ou plusieurs personnes qui sont : (i) le contribuable, (ii) une personne liée au contribuable, (iii) lorsque le contribuable est une fiducie, un bénéficiaire de cette fiducie ou toute personne liée au bénéficiaire; b) toute créance du contribuable relative à la disposition de biens qui étaient réservés à son usage personnel; c) tout bien du contribuable qui consiste en une option relative à l’acquisition de biens qui seraient, si le contribuable les acquérait, des biens réservés à son usage personnel. Income Tax PART I Income Tax DIVISION B Computation of Income
eligible dwelling of an individual, at any time in a taxation year, means a housing unit (including the land subjacent to the housing unit and the immediately contiguous land, but not including the portion of that land that exceeds the greater of 1/2 hectare and the portion of that land that the individual establishes is necessary for the use and enjoyment of the housing unit as a residence) located in Canada if (a) the individual (or a trust under which the individual is a beneficiary) owns — whether jointly with another person or otherwise — at that time, the housing unit or a share of the capital stock of a cooperative housing corporation acquired for the sole purpose of acquiring the right to inhabit the housing unit owned by the corporation; and (b) the housing unit is ordinarily inhabited, or is reasonably expected to be ordinarily inhabited, at any time in the taxation year (i) by the individual, if the individual is a qualifying individual, or (ii) by the individual and a qualifying individual, if (A) the individual is an eligible individual in respect of the qualifying individual, and Restriction (B) the qualifying individual does not, throughout the taxation year, own — whether jointly with another person or otherwise — and ordinarily inhabit another housing unit in Canada. (logement admissible) eligible individual, in respect of a qualifying individual for a taxation year, means (a) an individual who is the qualifying individual’s spouse or common-law partner in the year; (b) except if paragraph (c) applies, an individual who is entitled to deduct an amount under subsection 118.3(2) for the year in respect of the qualifying individual or would be if no amount was claimed for the year by the qualifying individual under subsection 118.3(1) or by the qualifying individual’s spouse or common-law partner under section 118.8; or (c) in the case of a qualifying individual who has attained the age of 65 before the end of the year, an individual who (i) claimed for the year a deduction under subsection 118(1) in respect of the qualifying individual because of (A) paragraph (b) of the description of B in that subsection, or (ii) could have claimed for the year a deduction referred to in subparagraph (i) in respect of the qualifying individual if (A) the qualifying individual had no income for the year, (B) in the case of a deduction referred to in clause (i)(A), the individual were not married and not in a common-law partnership, and (C) in the case of a deduction under subsection 118(1) because of paragraph (d) of the description of B in that subsection in respect of a qualifying individual who is a dependent (within the meaning of subsection 118(6)) of the individual, the qualifying individual was dependent on the individual because of mental or physical infirmity. (particulier admissible) individual does not include a trust. (particulier) qualifying expenditure of an individual means an outlay or expense that is made or incurred, during a taxation year, that is directly attributable to a qualifying renovation — of an eligible dwelling of a qualifying individual or an eligible individual in respect of a qualifying individual — and that is the cost of goods acquired or services received during the year and includes an outlay or expense for permits required for, or for the rental of equipment used in the course of, the qualifying renovation, but does not include an outlay or expense (a) to acquire a property that can be used independently of the qualifying renovation; (b) that is the cost of annual, recurring or routine repair or maintenance; (c) to acquire a household appliance; (e) that is the cost of housekeeping, security monitoring, gardening, outdoor maintenance or similar services; (f) for financing costs in respect of the qualifying renovation; (g) made or incurred primarily for the purpose of increasing or maintaining the value of the eligible dwelling; (h) made or incurred for the purpose of gaining or producing income from a business or property; (i) in respect of goods or services provided by a person not dealing at arm’s length with the qualifying individual or the eligible individual, unless the person is registered for the purposes of Part IX of the Excise Tax Act; or (j) to the extent that the outlay or expense can reasonably be considered to have been reimbursed, otherwise than as assistance from the federal or a provincial government including a grant, subsidy, forgivable loan or a deduction from tax. (dépense admissible) qualifying individual, in respect of a taxation year, means an individual (a) who has attained the age of 65 years before the end of the taxation year; or (b) in respect of whom an amount is deductible, or would be deductible if this Act were read without reference to paragraph 118.3(1)(c), under section 118.3 in computing a taxpayer’s tax payable under this Part for the taxation year. (particulier déterminé) qualifying renovation means a renovation or alteration of an eligible dwelling of a qualifying individual or an eligible individual in respect of a qualifying individual that (a) is of an enduring nature and integral to the eligible dwelling; and (b) is undertaken to (i) enable the qualifying individual to gain access to, or to be mobile or functional within, the eligible dwelling, or (ii) reduce the risk of harm to the qualifying individual within the eligible dwelling or in gaining access to the dwelling. (travaux de rénovation admissibles) Qualifying expenditure rules
disposition [Repealed, 2001, c. 17, s. 37] eligible capital property [Repealed, 2016, c. 12, s. 17] A − B where Impôt sur le revenu
For the purpose of this section, (a) a qualifying expenditure in respect of an eligible dwelling of a particular individual — who is a qualifying individual or an eligible individual in respect of a qualifying individual — includes an outlay or expense made or incurred by a cooperative housing corporation, a condominium corporation (or, for civil law, a syndicate of co-owners) or a similar entity (in this paragraph referred to as the “corporation”), in respect of a property that is owned, administered or managed by that corporation and that includes the eligible dwelling, to the extent of the share of that outlay or expense that is reasonably attributable to the eligible dwelling, if (i) the outlay or expense would be a qualifying expenditure of the corporation if the corporation were an individual and the property were an eligible dwelling of that individual, and (ii) the corporation has notified, in writing, either the particular individual or, if the particular individual is an eligible individual in respect of a qualifying individual, the qualifying individual, of the share of the outlay or expense that is attributable to the eligible dwelling; and (b) a qualifying expenditure in respect of an eligible dwelling of a particular individual — who is a qualifying individual or an eligible individual in respect of a qualifying individual — includes an outlay or expense made or incurred by a trust, in respect of a property owned by the trust that includes the eligible dwelling, to the extent of the share of that outlay or expense that is reasonably attributable to the eligible dwelling, having regard to the amount of the outlays or expenses made or incurred in respect of the eligible dwelling (including, for this purpose, common areas relevant to more than one eligible dwelling), if (i) the outlay or expense would be a qualifying expenditure of the trust if the trust were an individual and the property were an eligible dwelling of that individual, and (ii) the trust has notified, in writing, either the particular individual or, if the particular individual is an eligible individual in respect of a qualifying individual, the qualifying individual, of the share of the outlay or expense that is attributable to the eligible dwelling. Home accessibility tax credit
For the purpose of computing the tax payable under this Part by a qualifying individual or an eligible individual, in respect of an eligible dwelling for a taxation year, there may be deducted the amount determined by the formula A is the appropriate percentage for the taxation year; and B is the lesser of (b) the total of all amounts, each of which is a qualifying expenditure of the individual in respect of the eligible dwelling for the taxation year. Interaction with medical expense credit
Despite paragraph 248(28)(b), an amount may be included in determining both an amount under subsection (3) and under section 118.2 if those amounts otherwise qualify to be included for the purposes of those provisions.
For the purpose of this section, (a) a maximum of $20,000 of qualifying expenditures for a taxation year in respect of a qualifying individual can be claimed under subsection (3) by the qualifying individual and all eligible individuals in respect of the qualifying individual; (b) if there is more than one qualifying individual in respect of an eligible dwelling, a maximum of $20,000 of qualifying expenditures for a taxation year in respect of the eligible dwelling can be claimed under subsection (3) by the qualifying individuals and all eligible individuals in respect of the qualifying individuals; and (c) if more than one individual is entitled to a deduction under subsection (3) for a taxation year in respect of the same qualifying individual or the same eligible dwelling and the individuals cannot agree as to what portion of the amount each can so deduct, the Minister may fix the portions.
Dans le cas d’une société de personnes, le terme vise également les biens de la société de personnes qui sont affectés principalement à l’usage ou à l’agrément personnels d’un ou plusieurs associés de la société de personnes ou d’une personne liée à cet associé. (personal-use property) biens meubles déterminés Biens à usage personnel du contribuable, constitués par l’un ou plusieurs des biens ci-après qui lui appartiennent, en totalité ou en partie, ou par un intérêt ou un droit sur ces biens ou, pour l’application du droit civil, un droit relatif à ces biens : (a) estampes, gravures, dessins, tableaux, sculptures ou autres œuvres d’art de même nature; b) bijoux; c) in-folios rares, manuscrits rares ou livres rares; d) timbres; e) pièces de monnaie. (listed personal property) catégorie de biens constituée d’actions accréditives a) Groupe de biens, relié à une catégorie d’actions du capital-actions d’une société, dont chacun est : (i) soit une action de la catégorie, dans le cas où une action de cette catégorie ou un droit visé au sous-alinéa (ii) est, à un moment donné, une action accréditive pour une personne, (ii) soit un droit d’acquérir une action de la catégorie, dans le cas où une action de cette catégorie ou un droit visé au présent sous-alinéa est, à un moment donné, une action accréditive pour une personne, (iii) soit un bien qui est un bien identique à un bien visé aux sous-alinéas (i) ou (ii); b) groupe de biens dont chacun est une participation dans une société de personnes dont plus de 50 % de la juste valeur marchande des biens est attribuable, à un moment donné, à des biens qui sont des biens de la catégorie de biens constituée d’actions accréditives. (flow-through share class of property) date de nouveau départ La date de nouveau départ d’un contribuable à un moment donné relativement à une catégorie de biens constituée d’actions accréditives correspond à celui des jours ci-après qui est applicable : (b) the exemption threshold of the taxpayer in respect of the flow-through share class of property immediately before that earlier time; (seuil d’exonération) (b) each of which is an interest in a partnership, if at any time more than 50% of the fair market value of the partnership’s assets is attributable to property included in a flow-through share class of property; (catégorie de biens constituée d’actions accréditives) a) dans le cas d’une participation dans une société de personnes qui est incluse dans la catégorie, le dernier en date des jours suivants : (i) le 16 août 2011, (ii) le dernier jour, antérieur au moment donné, où le contribuable détenait une participation dans la société de personnes; b) dans le cas de tout autre bien qui est inclus dans la catégorie, le dernier en date des jours suivants : (i) le 22 mars 2011, (ii) le dernier jour, antérieur au moment donné, où le contribuable a disposé de l’ensemble des biens compris dans la catégorie. (fresh-start date) disposition de biens [Abrogé, 2001, ch. 17, art. 37] Immobilisations S’agissant des immobilisations d’un contribuable : a) disposition de biens tous biens amortissables du contribuable; b) tous biens (autres que des biens amortissables) dont la disposition se traduirait pour le contribuable par un gain ou une perte en capital. (capital property) perte apparente Perte d’un contribuable résultant de la disposition d’un bien, dans le cas où, à la fois : a) au cours de la période qui commence 30 jours avant la disposition et se termine 30 jours après cette disposition, le contribuable ou une personne affiliée à celui-ci acquiert le même bien ou un bien identique (appelés « bien de remplacement » à la présente définition); b) à la fin de la période visée à l’alinéa a), le contribuable ou une personne affiliée à celui-ci est propriétaire du bien de remplacement ou a le droit de l’acquérir. Toutefois une perte n’est pas une perte apparente si la disposition qui y a donné lieu est, selon le cas : c) une disposition réputée avoir été effectuée par le paragraphe 45(1), l’article 48, en son état avant 1993, les articles 50 ou 70, le paragraphe 104(4), l’article 128.1, les alinéas 132.2(3)a) ou c), les paragraphes (date de nouveau départ) (b) jewellery, (c) rare folio, rare manuscript, or rare book, (d) stamp, or (e) coin; (biens meubles déterminés) 138(11.3), 138(24) ou 142.5(2), l’article 142.6 ou les paragraphes 144(4.1) ou (4.2) ou 149(10); d) l’expiration d’une option; e) une disposition à laquelle s’applique l’alinéa 40(2) e.1); f) une disposition effectuée par un contribuable qui a été assujetti à un fait lié à la restriction de pertes dans les 30 jours suivant la disposition; g) une disposition effectuée par une personne qui, dans les 30 jours suivant la disposition, est devenue exonérée de l’impôt prévu à la présente partie sur son revenu imposable ou a cessé de l’être; h) une disposition à laquelle s’appliquent les paragraphes 40(3.4) ou 69(5). Pour l’application de la présente définition : i) le droit d’acquérir un bien (à titre servant de garantie seulement et découlant d’une hypothèque, d’une convention de vente ou d’un titre semblable) est réputé être un bien qui est identique au bien; j) si elle a été acquise avant 2013, l’action du capital-actions d’une société de conversion d’EIPD quant à une EIPD convertible est réputée être un bien qui est identique à un intérêt dans l’EIPD convertible. (superficial loss) prix de base rajusté S’agissant du prix de base d’un bien quelconque pour un contribuable à un moment donné, s’entend, sauf disposition contraire : a) lorsque le bien entre dans la catégorie des biens amortissables du contribuable, du coût en capital du bien, supporté par lui, à ce moment; b) dans les autres cas, du coût du bien, pour le contribuable, rajusté à ce moment, conformément à l’article 53; toutefois : c) il demeure entendu que, lorsqu’un bien du contribuable (sauf une participation dans une entité intermédiaire, au sens du paragraphe 39.1(1), ou une action du capital-actions d’une telle entité, que le contribuable a acquise de nouveau pour la première fois suite à un choix fait selon le paragraphe 110.6(19)) est un bien qu’il a acquis de nouveau après en avoir disposé, le coût du bien pour lui, tel qu’il a été acquis de Income Tax PART I Income Tax DIVISION B Computation of Income
For the purpose of subsection (5), if an individual becomes bankrupt in a particular calendar year, despite subsection 128(2), any reference to the taxation year of the individual is deemed to be a reference to the particular calendar year. In the event of death and bankruptcy
nouveau, ne peut faire l’objet du rajustement qui devrait être fait à son égard en vertu de l’article 53 avant qu’il ne l’acquière de nouveau; d) le prix de base rajusté d’un bien pour le contribuable à un moment donné ne peut, en aucun cas, être inférieur à zéro. (adjusted cost base) produit de disposition Sont compris dans le produit de disposition d’un bien : a) le prix de vente du bien qui a été vendu; b) toute indemnité pour biens pris illégalement; c) toute indemnité afférente à la destruction de biens, et toute somme payable en vertu d’une police d’assurance du fait de la perte ou de la destruction de biens; d) toute indemnité afférente aux biens pris en vertu d’une loi, ou le montant du prix de vente des biens vendus à une personne ayant donné un avis de son intention de les prendre en vertu d’une loi; e) toute indemnité afférente aux biens ayant subi un préjudice, illégalement ou autrement, ou en vertu d’une autorité légale; f) toute indemnité afférente aux dommages causés aux biens et toute somme payable en vertu d’une police d’assurance au titre de dommages causés à des biens, sauf dans la mesure où cette indemnité ou cette somme, selon le cas, a, dans un délai raisonnable après que des dommages ont été subis, été dépensée pour réparer les dommages; g) le montant de la réduction de la dette dont un contribuable est débiteur envers un créancier hypothécaire découlant de la vente du bien hypothéqué en vertu d’une clause du contrat d’hypothèque, plus toute partie du produit d’une telle vente reçue par le contribuable; h) toute somme comprise, par l’effet de l’article 79, dans le calcul du produit de disposition du bien revenant à un contribuable; i) pour une action, toute somme réputée, aux termes du sous-alinéa 88(2)(b)(ii), ne pas être un dividende sur cette action. Malgré les autres dispositions de la présente partie, le terme ne vise toutefois pas : j) une somme qui serait par ailleurs le produit de disposition d’une action, dans la mesure où elle est réputée, par le paragraphe 84(2) ou (3), être un dividende reçu, sauf dans la mesure où le dividende est : (i) réputé par l’alinéa 55(2)b) être le produit de disposition d’une action, (ii) réputé par le sous-alinéa 88(2)b)(ii) ne pas être un dividende; k) une somme qui serait par ailleurs le produit de disposition d’un bien d’un contribuable dans la mesure où elle est réputée par les paragraphes 84.1(1), 212.1(1.1) ou 212.2(2) être un dividende reçu par un contribuable ou, si le contribuable est une société de personnes, à un associé du contribuable. (proceeds of disposition) résidence principale S’agissant de la résidence principale d’un contribuable pour une année d’imposition, bien — logement, ou droit de tenure à bail y afférent, ou droit de capital social d’une société coopérative d’habitation dans l’unique but d’acquérir le droit d’habiter un logement dont la coopérative est propriétaire — dont le contribuable ou une autre personne habite, seul ou en tandem avec une autre personne ou autrement, à condition que : a) le contribuable étant un particulier autre qu’une fiducie personnelle, le logement soit normalement habité au cours de l’année par le contribuable, par son époux ou conjoint de fait ou ex-époux ou ancien conjoint de fait ou par un enfant du contribuable; a.1) le contribuable étant une fiducie personnelle, le logement soit normalement habité au cours de l’année civile se terminant pendant l’année par un bénéficiaire déterminé de la fiducie pour l’année, par l’époux ou le conjoint de fait ou l’ex-époux ou l’ancien conjoint de fait de ce bénéficiaire ou par un enfant de celui-ci; b) le contribuable étant une fiducie personnelle ou un particulier autre qu’une fiducie, ait fait soit le choix prévu au paragraphe 45(2) concernant le changement d’utilisation du bien au cours de l’année ou d’une année d’imposition antérieure (s’il s’agit d’un choix sur lequel le contribuable est revenu en vertu du paragraphe 45(2) dans sa déclaration de revenu pour l’une de ces années), soit le choix prévu au paragraphe 45(3) concernant le changement d’utilisation du bien au cours d’une année d’imposition ultérieure. Toutefois sous réserve de l’article 54.1, le bien ne peut en aucun cas être considéré comme la résidence principale d’un contribuable pour une année d’imposition : (A) a trust (B) a trust 2 a specified beneficiary of the trust for the year, and (C) a trust c) à moins que le contribuable, étant un particulier autre qu’une fiducie personnelle, n’ait désigné comme étant sa résidence principale pour l’année en la forme et selon les modalités réglementaires et qu’aucun autre bien n’ait été désigné pour l’année, pour l’application de la présente définition, par l’une des personnes suivantes : (i) si l’année en question est antérieure à 1982, le contribuable, (ii) si l’année en question est postérieure à 1981 : (A) soit le contribuable, (B) soit une personne qui a été son époux ou conjoint de fait tout au long de l’année (sauf une personne qui, tout au long de l’année, était séparée de droit du contribuable en vertu d’une séparation judiciaire ou d’un accord écrit de séparation), (C) soit un enfant du contribuable (sauf un enfant marié, vivant en union de fait ou âgé de 18 ans ou plus au cours de l’année), (D) soit, si le contribuable n’était pas marié, ne vivait pas en union de fait ou n’avait pas de conjoint de fait au cours de l’année, l’une des personnes suivantes : (I) la mère ou le père du contribuable, (II) le frère ou la sœur du contribuable qui n’étaient pas mariés, ne vivaient pas en union de fait ou n’étaient pas âgés de 18 ans ou plus au cours de l’année.
For the purpose of this section, (a) if an individual dies during a calendar year and would have attained 65 years of age if the individual were alive at the end of the year, the individual is deemed to have attained 65 years of age at the beginning of the year; (b) if an individual becomes a qualifying individual during a calendar year and becomes bankrupt in that year, the individual is deemed to be a qualifying individual at the beginning of that year; and (c) if an individual becomes a qualifying individual during a calendar year and an eligible individual in respect of the qualifying individual becomes bankrupt in that year, the individual is deemed to be a qualifying individual at the beginning of the year.
c.1) à moins que, le contribuable étant une fiducie personnelle, les conditions suivantes soient réunies : (i) la fiducie a désigné le bien, en la forme et selon les modalités réglementaires, comme étant la résidence principale du contribuable pour l’année, (ii) la désignation comporte le nom de chaque particulier (appelé « bénéficiaire déterminé » à la présente définition) qui, au cours de l’année civile se terminant pendant l’année : (A) d’une part, a un droit de bénéficiaire dans la fiducie, (B) d’autre part, sauf dans le cas où la fiducie n’a le droit de désigner le bien pour l’année que par l’effet de l’alinéa b), habitait normalement le logement ou un époux ou un conjoint de fait, un Income Tax PART I Income Tax DIVISION B Computation of Income
qualifying home in respect of an individual, means a qualifying home as defined in subsection 146.01(1) that is acquired, whether jointly or otherwise, after January 27, 2009 if (a) the home is acquired by the individual, or by the individual’s spouse or common-law partner, and (i) the individual intends to inhabit the home as a principal place of residence not later than one year after its acquisition, (ii) the individual did not own, whether jointly or otherwise, a home that was occupied by the individual (A) that began at the beginning of the fourth preceding calendar year that ended before the acquisition, and (B) that ended on the day before the acquisition, and (iii) the individual’s spouse or common-law partner did not, in the period referred to in subparagraph (ii), own, whether jointly or otherwise, a home (A) that was inhabited by the individual during the marriage to or common-law partnership with the individual, or (B) that was a share of the capital stock of a cooperative housing corporation that relates to a housing unit inhabited by the individual during the marriage to or common-law partnership with the individual; or (b) the home is acquired by the individual for the benefit of a specified person in respect of the individual, and (i) the individual intends that the home be inhabited by the specified person as a principal place of residence not later than one year after its acquisition by the individual, and (ii) the reason for which the individual acquires the home is to provide the specified person with a place to live. (ii) the purpose of the acquisition of the home by the individual is to enable the specified person to live in (A) a home that is more accessible by the specified person or in which the specified person is more mobile or functional, or (a) is the individual or is related at that time to the individual; and (b) would be entitled to a deduction under subsection 118.3(1) in computing tax payable under this Part for the person’s taxation year that includes that time if that subsection were read without reference to paragraph (c) of that subsection. (personne déterminée) Rules of application
(D) a trust Impôt sur le revenu
For the purposes of this section, an individual is considered to have acquired a qualifying home only if the individual’s interest (or for civil law, right) in it is registered in accordance with the land registration system or other similar system applicable where it is located. First-time homebuyers’ tax credit
In computing the tax payable under this Part by an individual for a taxation year in which a qualifying home in respect of the individual is acquired, there may be deducted the amount determined by multiplying $10,000 by the appropriate percentage for the taxation year. Apportionment of credit
If more than one individual is entitled to a deduction under this section for a taxation year in respect of a particular qualifying home, the total of all amounts so deductible shall not exceed the maximum amount that would be so deductible for the year by any one of those individuals in respect of the qualifying home, if that individual were the only individual entitled to deduct the amount for the year under this section, and if the individuals cannot agree as to what portion of the amount each can so deduct, the Minister may fix the portions. Restriction Definition of eligible volunteer firefighting services
Volunteer firefighter tax credit
ex-époux ou un ancien conjoint de fait ou un en- fant qui l’habitait normalement, (iii) nulle société de personnes ou société, sauf un organisme de bienfaisance enregistré, ne détient de droit de bénéficiaire dans la fiducie au cours de l’année, (iii.1) si l’année commence après 2016, la fiducie est l’une des fiducies ci-après au cours de l’année : (A) une fiducie à l’égard de laquelle les énoncés ci-après se vérifient : (I) un jour doit être déterminé à l’égard de la fiducie en application des alinéas 104(4)a), a.1) ou a.4) relativement aux décès d’un de ses bénéficiaires, selon le cas, et ce jour est postérieur au début de l’année, d’un particulier qui réside au Canada au cours de l’année, (II) un bénéficiaire déterminé de la fiducie pour l’année est le particulier mentionné à la subdivision (I), (B) une fiducie à l’égard de laquelle les énoncés ci-après se vérifient : (I) elle est une fiducie admissible pour per- sonnes handicapées (au sens du paragraphe 122(3)) pour l’année, (II) un bénéficiaire optant (au sens du paragraphe 122(3) à la présente division) de la fi- ducie pour l’année est, à la fois : 1 un résident du Canada au cours de l’année, 2 un bénéficiaire déterminé de la fiducie pour l’année, 3 l’époux, le conjoint de fait, l’ex-époux, l’ancien conjoint de fait ou l’enfant de l’au- teur (au sens du paragraphe 108(1) au présent sous-alinéa) de la fiducie, (C) une fiducie à l’égard de laquelle les énoncés ci-après se vérifient : (I) un bénéficiaire déterminé de la fiducie pour l’année est un particulier à l’égard duquel les énoncés ci-après se vérifient : 1 il réside au Canada au cours de l’année, 2 il n’a pas atteint l’âge de 18 ans avant la fin de l’année, 3 l’un de ses parents est un auteur de la fiducie, (II) l’une des conditions suivantes est satisfaite à l’égard du particulier visé à la subdivision (I) : 1 aucun parent du particulier n’est vivant au début de l’année, 2 la fiducie a commencé à exister au décès d’un parent du particulier et par suite de ce décès, (III) une fiducie à l’égard de laquelle les énoncés ci-après se vérifient : (I) un bénéficiaire déterminé de la fiducie pour l’année est un particulier déterminé pour l’année relativement à la fiducie, (II) seul un bénéficiaire visé à la subdivision (I) peut, au cours de sa vie, recevoir tout revenu ou capital de la fiducie ou avoir tout droit à leur usage et les fiduciaires sont tenus de tenir compte de ses besoins, notamment, en ce qui concerne son bien-être et son entretien, (IV) aucun autre bien n’a été désigné, pour l’application de la présente définition, pour l’année civile se terminant au cours de l’année par un bénéficiaire déterminé de la fiducie pour l’année, par une personne qui a été l’époux ou conjoint de fait du bénéficiaire tout au long de cette année civile (sauf une personne qui, tout au long de cette année civile, a vécu séparée du bénéficiaire en vertu d’une séparation judiciaire ou d’un accord écrit de séparation), ou un enfant du bénéficiaire (sauf un enfant marié au début de l’année civile ou un enfant non marié, ne vivant pas en union de fait au début de l’année civile, âgé de 18 ans ou plus au cours de cette année civile, par une des personnes suivantes : (A) la mère ou le père du bénéficiaire, (B) le frère ou la sœur du bénéficiaire qui n’étaient pas mariés, ne vivaient pas en union de fait ou n’étaient pas âgés de 18 ans ou plus au cours de cette année civile; d) par l’effet de l’alinéa b), dans le cas où, par le seul effet de cet alinéa, le bien aurait été, sans le présent Income Tax PART I Income Tax DIVISION B Computation of Income
For the purpose of computing the tax payable under this Part for a taxation year by an individual who performs eligible volunteer firefighting services in the year, there may be deducted the amount determined by multiplying $6,000 by the appropriate percentage for the taxation year if the individual (a) performs in the year not less than 200 hours of service each of which is an hour of (i) eligible volunteer firefighting service for a fire department, or (ii) eligible search and rescue volunteer service for an eligible search and rescue organization; and (b) provides the certificates referred to in subsections (3) and 118.07(3) as and when requested by the Minister.
(ii) by subparagraph 88(2)(b)(ii) not to be a dividend, or (a) a share, Impôt sur le revenu
If the Minister so demands, an individual making a claim under this section in respect of a taxation year shall provide to the Minister a written certificate from the fire chief or a delegated official of each fire department to which the individual provided eligible volunteer firefighting services for the year, attesting to the number of hours of eligible volunteer firefighting services performed in the year by the individual for the particular fire department.
eligible search and rescue organization means a search and rescue organization (a) that is a member of the Search and Rescue Volunteer Association of Canada, the Civil Air Search and Rescue Association or the Canadian Coast Guard Auxiliary; or (b) whose status as a search and rescue organization is recognized by a provincial, municipal or public authority. (organisme admissible de recherche et sauvetage) eligible search and rescue volunteer services means services, other than eligible volunteer firefighting services, provided by an individual in the individual’s capacity as a volunteer to an eligible search and rescue organization that consist primarily of responding to and being on call for search and rescue and related emergency calls, attending meetings held by the organization and participating in required training related to search and rescue services, but does not include services provided to an organization if the individual provides search and rescue services to the organization otherwise than as a volunteer. (services admissibles de volontaire en recherche et sauvetage) Search and rescue volunteer tax credit
For the purpose of computing the tax payable under this Part for a taxation year by an individual who performs eligible search and rescue volunteer services in the year, there may be deducted the amount determined by multiplying $6,000 by the appropriate percentage for the taxation year if the individual (a) performs in the year not less than 200 hours of service each of which is an hour of (i) eligible search and rescue volunteer service for an eligible search and rescue organization, or (ii) eligible volunteer firefighting services for a fire department; (b) provides the certificates referred to in subsections (3) and 118.06(3) as and when requested by the Minister; and (c) has not deducted an amount under section 118.06 for the year.
If the Minister so demands, an individual making a claim under this section in respect of a taxation year shall provide to the Minister a written certificate from the team president, or other individual who fulfills a similar role, of each eligible search and rescue organization to which the individual provided eligible search and rescue volunteer services for the year, attesting to the number of hours of eligible search and rescue volunteer services performed in the year by the individual for the particular organization. total charitable gifts, of an individual for a particular taxation year, means the total of all amounts each of which is the eligible amount — to the extent it is not otherwise included in determining an amount that is deductible under section 110 in computing any individual’s taxable income for any taxation year — of a gift (other than any part of the eligible amount of which is included in the total cultural gifts or the total ecological gifts of any individual for any taxation year) that is made (b) in a taxation year that is not a year for which an amount is deducted under subsection 110(2) in computing the individual’s taxable income, and (c) if the individual is (A) by the individual, or the individual’s spouse or common-law partner, in the particular year or any of the five preceding taxation years, (B) by the individual in the year in which the individual dies if the particular year is the taxation year that precedes the taxation year in which the individual dies, or (C) by the individual’s estate if subsection (5.1) applies to the gift and the particular year is the taxation year in which the individual dies or the preceding taxation year, or (A) by the trust in the particular year or any of the five preceding taxation years, (B) by the trust if (I) the trust is an individual’s estate, (III) the particular year is a taxation year
alinéa, la résidence principale du contribuable durant au moins quatre années d’imposition antérieures. En outre, pour l’application de la présente définition : a) la résidence principale d’un contribuable pour une année d’imposition est réputée comprendre (sauf si le bien est une part du capital social d’une société coopérative d’habitation) le fonds de terre sous-jacent au logement ainsi que la partie du fonds de terre adjacent qu’il est raisonnable de considérer comme facilitant l’usage du logement comme résidence; toutefois, dans le cas où la superficie totale du fonds de terre sous-jacent et de cette partie excède un demi-hectare, l’excédent n’est réputé faciliter l’usage du logement comme résidence que si le contribuable établit qu’il était nécessaire à cet usage; f) le bien qu’un fiducie désigne pour une année en application de l’alinéa c.1) est réputé être détenu par ce fiduciaire pour l’application de la présente définition pour chaque bénéficiaire déterminé de la fiducie pour l’année en cause relativement pendant l’année; g) est un particulier déterminé pour l’année d’imposition relativement à une fiducie, le fiduciaire à l’égard duquel les énoncés ci-après se vérifient : (i) le particulier est, au cours de l’année, l’une des personnes suivantes : (A) l’auteur de la fiducie, (B) un enfant, un petit-enfant, un arrière-petit-enfant, un parent, un grand-parent, un arrière-grand-parent, le frère, la sœur, l’oncle, la tante, la nièce ou le neveu de l’auteur ou de l’époux ou conjoint de fait ou de l’ancien époux ou conjoint de fait de l’auteur, (C) l’époux ou le conjoint de fait ou l’ancien époux ou conjoint de fait d’une personne visée aux divisions (A) ou (B), (ii) le particulier réside au Canada au cours de l’année née, (iii) une somme est déductible en application du paragraphe 118.3(1), ou le serait en l’absence de l’alinéa 118.3(1)c), dans le calcul de l’impôt payable par le particulier en vertu de la présente partie pour l’année. (principal residence) seuil d’exonération Le seuil d’exonération d’un contribuable à un moment donné relativement à une catégorie Income Tax PART I Income Tax DIVISION B Computation of Income
(d) an option to acquire specified property of the taxpayer; (bien déterminé) (d) the expiry of an option, (h) a disposition to which subsection 40(3.4) or 69(5) applies, see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 54; 1994, c. 7, Sch. II, s. 301; Sch. 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2011, c. 603, s. 12; 2011, c. 604, s. 12; 2011, c. 605, s. 12; 2011, c. 606, s. 12; 2011, c. 607, s. 12; 2011, c. 608, s. 12; 2011, c. 609, s. 12; 2011, c. 610, s. 12; 2011, c. 611, s. 12; 2011, c. 612, s. 12; 2011, c. 613, s. 12; 2011, c. 614, s. 12; 2011, c. 615, s. 12; 2011, c. 616, s. 12; 2011, c. 617, s. 12; 2011, c. 618, s. 12; 2011, c. 619, s. 12; 2011, c. 620, s. 12; 2011, c. 621, s. 12; 2011, c. 622, s. 12; 2011, c. 623, s. 12; 2011, c. 624, s. 12; 2011, c. 625, s. 12; 2011, c. 626, s. 12; 2011, c. 627, s. 12; 2011, c. 628, s. 12; 2011, c. 629, s. 12; 2011, c. 630, s. 12; 2011, c. 631, s. 12; 2011, c. 632, s. 12; 2011, c. 633, s. 12; 2011, c. 634, s. 12; 2011, c. 635, s. 12; 2011, c. 636, s. 12; 2011, c. 637, s. 12; 2011, c. 638, s. 12; 2011, c. 639, s. 12; 2011, c. 640, s. 12; 2011, c. 641, s. 12; 2011, c. 642, s. 12; 2011, c. 643, s. 12; 2011, c. 644, s. 12; 2011, c. 645, s. 12; 2011, c. 646, s. 12; 2011, c. 647, s. 12; 2011, c. 648, s. 12; 2011, c. 649, s. 12; 2011, c. 650, s. 12; 2011, c. 651, s. 12; 2011, c. 652, s. 12; 2011, c. 653, s. 12; 2011, c. 654, s. 12; 2011, c. 655, s. 12; 2011, c. 656, s. 12; 2011, c. 657, s. 12; 2011, c. 658, s. 12; 2011, c. 659, s. 12; 2011, c. 660, s. 12; 2011, c. 661, s. 12; 2011, c. 662, s. 12; 2011, c. 663, s. 12; 2011, c. 664, s. 12; 2011, c. 665, s. 12; 2011, c. 666, s. 12; 2011, c. 667, s. 12; 2011, c. 668, s. 12; 2011, c. 669, s. 12; 2011, c. 670, s. 12; 2011, c. 671, s. 12; 2011, c. 672, s. 12; 2011, c. 673, s. 12; 2011, c. 674, s. 12; 2011, c. 675, s. 12; 2011, c. 676, s. 12; 2011, c. 677, s. 12; 2011, c. 678, s. 12; 2011, c. 679, s. 12; 2011, c. 680, s. 12; 2011, c. 681, s. 12; 2011, c. 682, s. 12; 2011, c. 683, s. 12; 2011, c. 684, s. 12; 2011, c. 685, s. 12; 2011, c. 686, s. 12; 2011, c. 687, s. 12; 2011, c. 688, s. 12; 2011, c. 689, s. 12; 2011, c. 690, s. 12; 2011, c. 691, s. 12; 2011, c. 692, s. 12; 2011, c. 693, s. 12; 2011, c. 694, s. 12; 2011, c. 695, s. 12; 2011, c. 696, s. 12; 2011, c. 697, s. 12; 2011, c. 698, s. 12; 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2011, c. 747, s. 12; 2011, c. 748, s. 12; 2011, c. 749, s. 12; 2011, c. 750, s. 12; 2011, c. 751, s. 12; 2011, c. 752, s. 12; 2011, c. 753, s. 12; 2011, c. 754, s. 12; 2011, c. 755, s. 12; 2011, c. 756, s. 12; 2011, c. 757, s. 12; 2011, c. 758, s. 12; 2011, c. 759, s. 12; 2011, c. 760, s. 12; 2011, c. 761, s. 12; 2011, c. 762, s. 12; 2011, c. 763, s. 12; 2011, c. 764, s. 12; 2011, c. 765, s. 12; 2011, c. 766, s. 12; 2011, c. 767, s. 12; 2011, c. 768, s. 12; 2011, c. 769, s. 12; 2011, c. 770, s. 12; 2011, c. 771, s. 12; 2011, c. 772, s. 12; 2011, c. 773, s. 12; 2011, c. 774, s. 12; 2011, c. 775, s. 12; 2011, c. 776, s. 12; 2011, c. 777, s. 12; 2011, c. 778, s. 12; 2011, c. 779, s. 12; 2011, c. 780, s. 12; 2011, c. 781, s. 12; 2011, c. 782, s. 12; 2011, c. 783, s. 12; 2011, c. 784, s. 12; 2011, c. 785, s. 12; 2011, c. 786, s. 12; 2011, c. 787, s. 12; 2011, c. 788, s. 12; 2011, c. 789, s. 12; 2011, c. 790, s. 12; 2011, c. 791, s. 12; 2011, c. 792, s. 12; 2011, c. 793, s. 12; 2011, c. 794, s. 12; 2011, c. 795, s. 12; 2011, c. 796, s. 12; 2011, c. 797, s. 12; 2011, c. 798, s. 12; 2011, c. 799, s. 12; 2011, c. 800, s. 12; 2011, c. 801, s. 12; 2011, c. 802, s. 12; 2011, c. 803, s. 12; 2011, c. 804, s. 12; 2011, c. 805, s. 12; 2011, c. 806, s. 12; 2011, c. 807, s. 12; 2011, c. 808, s. 12; 2011, c. 809, s. 12; 2011, c. 810, s. 12; 2011, c. 811, s. 12; 2011, c. 812, s. 12; 2011, c. 813, s. 12; 2011, c. 814, s. 12; 2011, c. 815, s. 12; 2011, c. 816, s. 12; 2011, c. 817, s. 12; 2011, c. 818, s. 12; 2011, c. 819, s. 12; 2011, c. 820, s. 12; 2011, c. 821, s. 12; 2011, c. 822, s. 12; 2011, c. 823, s. 12; 2011, c. 824, s. 12; 2011, c. 825, s. 12; 2011, c. 826, s. 12; 2011, c. 827, s. 12; 2011, c. 828, s. 12; 2011, c. 829, s. 12; 2011, c. 830, s. 12; 2011, c. 831, s. 12; 2011, c. 832, s. 12; 2011, c. 833, s. 12; 2011, c. 834, s. 12; 2011, c. 835, s. 12; 2011, c. 836, s. 12; 2011, c. 837, s. 12; 2011, c. 838, s. 12; 2011, c. 839, s. 12; 2011, c. 840, s. 12; 2011, c. 841, s. 12; 2011, c. 842, s. 12; 2011, c. 843, s. 12; 2011, c. 844, s. 12; 2011, c. 845, s. 12; 2011, c. 846, s. 12; 2011, c. 847, s. 12; 2011, c. 848, s. 12; 2011, c. 849, s. 12; 2011, c. 850, s. 12; 2011, c. 851, s. 12; 2011, c. 852, s. 12; 2011, c. 853, s. 12; 2011, c. 854, s. 12; 2011, c. 855, s. 12; 2011, c. 856, s. 12; 2011, c. 857, s. 12; 2011, c. 858, s. 12; 2011, c. 859, s. 12; 2011, c. 860, s. 12; 2011, c. 861, s. 12; 2011, c. 862, s. 12; 2011, c. 863, s. 12; 2011, c. 864, s. 12; 2011, c. 865, s. 12; 2011, c. 866, s. 12; 2011, c. 867, s. 12; 2011, c. 868, s. 12; 2011, c. 869, s. 12; 2011, c. 870, s. 12; 2011, c. 871, s. 12; 2011, c. 872, s. 12; 2011, c. 873, s. 12; 2011, c. 874, s. 12; 2011, c. 875, s. 12; 2011, c. 876, s. 12; 2011, c. 877, s. 12; 2011, c. 878, s. 12; 2011, c. 879, s. 12; 2011, c. 880, s. 12; 2011, c. 881, s. 12; 2011, c. 882, s. 12; 2011, c. 883, s. 12; 2011, c. 884, s. 12; 2011, c. 885, s. 12; 2011, c. 886, s. 12; 2011, c. 887, s. 12; 2011, c. 888, s. 12; 2011, c. 889, s. 12; 2011, c. 890, s. 12; 2011, c. 891, s. 12; 2011, c. 892, s. 12; 2011, c. 893, s. 12; 2011, c. 894, s. 12; 2011, c. 895, s. 12; 2011, c. 896, s. 12; 2011, c. 897, s. 12; 2011, c. 898, s. 12; 2011, c. 899, s. 12; 2011, c. 900, s. 12; 2011, c. 901, s. 12; 2011, c. 902, s. 12; 2011, c. 903, s. 12; 2011, c. 904, s. 12; 2011, c. 905, s. 12; 2011, c. 906, s. 12; 2011, c. 907, s. 12; 2011, c. 908, s. 12; 2011, c. 909, s. 12; 2011, c. 910, s. 12; 2011, c. 911, s. 12; 2011, c. 912, s. 12; 2011, c. 913, s. 12; 2011, c. 914, s. 12; 2011, c. 915, s. 12; 2011, c. 916, s. 12; 2011, c. 917, s. 12; 2011, c. 918, s. 12; 2011, c. 919, s. 12; 2011, c. 920, s. 12; 2011, c. 921, s. 12; 2011, c. 922, s. 12; 2011, c. 923, s. 12; 2011, c. 924, s. 12; 2011, c. 925, s. 12; 2011, c. 926, s. 12; 2011, c. 927, s. 12; 2011, c. 928, s. 12; 2011, c. 929, s. 12; 2011, c. 930, s. 12; 2011, c. 931, s. 12; 2011, c. 932, s. 12; 2011, c. 933, s. 12; 2011, c. 934, s. 12; 2011, c. 935, s. 12; 2011, c. 936, s. 12; 2011, c. 937, s. 12; 2011, c. 938, s. 12; 2011, c. 939, s. 12; 2011, c. 940, s. 12; 2011, c. 941, s. 12; 2011, c. 942, s. 12; 2011, c. 943, s. 12; 2011, c. 944, s. 12; 2011, c. 945, s. 12; 2011, c. 946, s. 12; 2011, c. 947, s. 12; 2011, c. 948, s. 12; 2011, c. 949, s. 12; 2011, c. 950, s. 12; 2011, c. 951, s. 12; 2011, c. 952, s. 12; 2011, c. 953, s. 12; 2011, c. 954, s. 12; 2011, c. 955, s. 12; 2011, c. 956, s. 12; 2011, c. 957, s. 12; 2011, c. 958, s. 12; 2011, c. 959, s. 12; 2011, c. 960, s. 12; 2011, c. 961, s. 12; 2011, c. 962, s. 12; 2011, c. 963, s. 12; 2011, c. 964, s. 12; 2011, c. 965, s. 12; 2011, c. 966, s. 12; 2011, c. 967, s. 12; 2011, c. 968, s. 12; 2011, c. 969, s. 12; 2011, c. 970, s. 12; 2011, c. 971, s. 12; 2011, c. 972, s. 12; 2011, c. 973, s. 12; 2011, c. 974, s. 12; 2011, c. 975, s. 12; 2011, c. 976, s. 12; 2011, c. 977, s. 12; 2011, c. 978, s. 12; 2011, c. 979, s. 12; 2011, c. 980, s. 12; 2011, c. 981, s. 12; 2011, c. 982, s. 12; 2011, c. 983, s. 12; 2011, c. 984, s. 12; 2011, c. 985, s. 12; 2011, c. 986, s. 12; 2011, c. 987, s. 12; 2011, c. 988, s. 12; 2011, c. 989, s. 12; 2011, c. 990, s. 12; 2011, c. 991, s. 12; 2011, c. 992, s. 12; 2011, c. 993, s. 12; 2011, c. 994, s. 12; 2011, c. 995, s. 12; 2011, c. 996, s. 12; 2011, c. 997, s. 12; 2011, c. 998, s. 12; 2011, c. 999, s. 12; 2011, c. 1000, s. 12; 2011, c. 1001, s. 12; 2011, c. 1002, s. 12; 2011, c. 1003, s. 12; 2011, c. 1004, s. 12; 2011, c. 1005, s. 12; 2011, c. 1006, s. 12; 2011, c. 1007, s. 12; 2011, c. 1008, s. 12; 2011, c. 1009, s. 12; 2011, c. 1010, s. 12; 2011, c. 1011, s. 12; 2011, c. 1012, s. 12; 2011, c. 1013, s. 12; 2011, c. 1014, s. 12; 2011, c. 1015, s. 12; 2011, c. 1016, s. 12; 2011, c. 1017, s. 12; 2011, c. 1018, s. 12; 2011, c. 1019, s. 12; 2011, c. 1020, s. 12; 2011, c. 1021, s. 12; 2011, c. 1022, s. 12; 2011, c. 1023, s. 12; 2011, c. 1024, s. 12; 2011, c. 1025, s. 12; 2011, c. 1026, s. 12; 2011, c. 1027, s. 12; 2011, c. 1028, s. 12; 2011, c. 1029, s. 12; 2011, c. 1030, s. 12; 2011, c. 1031, s. 12; 2011, c. 1032, s. 12; 2011, c. 1033, s. 12; 2011, c. 1034, s. 12; 2011, c. 1035, s. 12; 2011, c. 1036, s. 12; 2011, c. 1037, s. 12; 2011, c. 1038, s. 12; 2011, c. 1039, s. 12; 2011, c. 1040, s. 12; 2011, c. 1041, s. 12; 2011, c. 1042, s. 12; 2011, c. 1043, s. 12; 2011, c. 1044, s. 12; 2011, c. 1045, s. 12; 2011, c. 1046, s. 12; 2011, c. 1047, s. 12; 2011, c. 1048, s. 12; 2011, c. 1049, s. 12; 2011, c. 1050, s. 12; 2011, c. 1051, s. 12; 2011, c. 1052, s. 12; 2011, c. 1053, s. 12; 2011, c. 1054, s. 12; 2011, c. 1055, s. 12; 2011, c. 1056, s. 12; 2011, c. 1057, s. 12; 2011, c. 1058, s. 12; 2011, c. 1059, s. 12; 2011, c. 1060, s. 12; 2011, c. 1061, s. 12; 2011, c. 1062, s. 12; 2011, c. 1063, s. 12; 2011, c. 1064, s. 12; 2011, c. 1065, s. 12; 2011, c. 1066, s. 12; 2011, c. 1067, s. 12; 2011, c. 1068, s. 12; 2011, c. 1069, s. 12; 2011, c. 1070, s. 12; 2011, c. 1071, s. 12; 2011, c. 1072, s. 12; 2011, c. 1073, s. 12; 2011, c. 1074, s. 12; 2011, c. 1075, s. 12; 2011, c. 1076, s. 12; 2011, c. 1077, s. 12; 2011, c. 1078, s. 12; 2011, c. 1079, s. 12; 2011, c. 1080, s. 12; 2011, c. 1081, s. 12; 2011, c. 1082, s. 12; 2011, c. 1083, s. 12; 2011, c. 1084, s. 12; 2011, c. 1085, s. 12; 2011, c. 1086, s. 12; 2011, c. 1087, s. 12; 2011, c. 1088, s. 12; 2011, c. 1089, s. 12; 2011, c. 1090, s. 12; 2011, c. 1091, s. 12; 2011, c. 1092, s. 12; 2011, c. 1093, s. 12; 2011, c. 1094, s. 12; 2011, c. 1095, s. 12; 2011, c. 1096, s. 12; 2011, c. 1097, s. 12; 2011, c. 1098, s. 12; 2011, c. 1099, s. 12; 2011, c. 1100, s. 12; 2011, c. 1101, s. 12; 2011, c. 1102, s. 12; 2011, c. 1103, s. 12; 2011, c. 1104, s. 12; 2011, c. 1105, s. 12; 2011, c. 1106, s. 12; 2011, c. 1107, s. 12; 2011, c. 1108, s. 12; 2011, c. 1109, s. 12; 2011, c. 1110, s. 12; 2011, c. 1111, s. 12; 2011, c. 1112, s. 12; 2011, c. 1113, s. 12; 2011, c. 1114, s. 12; 2011, c. 1115, s. 12; 2011, c. 1116, s. 12; 2011, c. 1117, s. 12; 2011, c. 1118, s. 12; 2011, c. 1119, s. 12; 2011, c. 1120, s. 12; 2011, c. 1121, s. 12; 2011, c. 1122, s. 12; 2011, c. 1123, s. 12; 2011, c. 1124, s. 12; 2011, c. 1125, s. 12; 2011, c. 1126, s. 12; 2011, c. 1127, s. 12; 2011, c. 1128, s. 12; 2011, c. 1129, s. 12; 2011, c. 1130, s. 12; 2011, c. 1131, s. 12; 2011, c. 1132, s. 12; 2011, c. 1133, s. 12; 2011, c. 1134, s. 12; 2011, c. 1135, s. 12; 2011, c. 1136, s. 12; 2011, c. 1137, s. 12; 2011, c. 1138, s. 12; 2011, c. 1139, s. 12; 2011, c. 1140, s. 12; 2011, c. 1141, s. 12; 2011, c Income Tax PART I Income Tax DIVISION B Computation of Income
(C) by the trust if (I) the end of the particular year is determined by paragraph 104(13.4)(a) because of an individual’s death, (II) the gift is made after the particular year and on or before the trust’s filing-due date for the particular year, and (III) the subject of the gift is property that is held by the trust at the time of the individual’s death or is property that was substituted for that property; (total des dons de bienfaisance) total cultural gifts, of an individual for a particular taxation year, means the total of all amounts each of which is the eligible amount — to the extent it is not otherwise included in determining an amount that is deducted under this section in computing any individual’s tax payable under this Part for any taxation year — of a gift (a) of an object that the Canadian Cultural Property Export Review Board has determined meets the criterion set out in paragraph 29(3)(b) of the Cultural Property Export and Import Act, (b) that is made to an institution or a public authority in Canada that is, at the time the gift is made, designated under subsection 32(2) of the Cultural Property Export and Import Act either generally or for a specified purpose related to that object, and (c) that is made (i) if the individual is not a trust, (A) by the individual, or the individual’s spouse or common-law partner, in the particular year or any of the five preceding taxation years, (B) by the individual in the year in which the individual dies if the particular year is the taxation year that precedes the taxation year in which the individual dies, or (C) by the individual’s estate if subsection (5.1) applies to the gift and the particular year is the taxation year in which the individual dies or the preceding taxation year, or (ii) if the individual is a trust, (A) by the trust in the particular year or any of the five preceding taxation years, (B) by the trust if (I) the trust is an individual’s estate, (III) the particular year is a taxation year
Impôt sur le revenu
(C) by the trust if (I) the end of the particular year is determined by paragraph 104(13.4)(a) because of an individual’s death, (II) the gift is made after the particular year and on or before the trust’s filing-due date for the particular year, and (III) the subject of the gift is property that is held by the trust at the time of the individual’s death or is property that was substituted for that property; (total des dons de biens culturels) total ecological gifts, of an individual for a particular taxation year, means the total of all amounts each of which is the eligible amount — to the extent it is not otherwise included in determining an amount that is deducted under this section in computing any individual’s tax payable under this Part for any taxation year — of a gift (other than a gift any part of the eligible amount of which is included in the total cultural gifts of any individual for any taxation year) (a) of land (including a covenant or an easement to which land is subject or, in the case of land in the Province of Quebec, a personal servitude (the rights to which the land is subject and which has a term of not less than 100 years) or a real servitude) (i) the fair market value of which is certified by the Minister of the Environment, and (ii) that is certified by that Minister, or by a person designated by that Minister, to be ecologically sensitive land, the conservation and protection of which is, in the opinion of that Minister or the designated person, important to the preservation of Canada’s environmental heritage, (b) that is made to a qualified donee that is (i.1) a municipality in Canada, or a municipal or public body performing a function of government in Canada, that is approved by the Minister or the designated person in respect of the gift, or (ii) a registered charity (other than a private foundation) one of the main purposes of which is, in the opinion of that Minister, the conservation and protection of Canada’s environmental heritage, and that is approved by that Minister or the designated person in respect of the gift, and (c) that is made (i) if the individual is not a trust, (A) by the individual, or the individual’s spouse or common-law partner, in the particular year or any of the 10 preceding taxation years, (B) by the individual in the year in which the individual dies if the particular year is the taxation year that precedes the taxation year in which the individual dies, or (C) by the individual’s estate if subsection (5.1) applies to the gift and the particular year is the taxation year in which the individual dies or the preceding taxation year, or (ii) if the individual is a trust, (A) by the trust in the particular year or any of the 10 preceding taxation years, (B) by the trust if (I) the trust is an individual’s estate, (III) the particular year is a taxation year
(C) by the trust if (I) the end of the particular year is determined by paragraph 104(13.4)(a) because of an individual’s death, (II) the gift is made after the particular year and on or before the trust’s filing-due date for the particular year, and (III) the subject of the gift is property that is held by the trust at the time of the individual’s death or is property that was substituted for that property; (total des dons de biens écosensibles) total gifts of an individual for a taxation year means the total of (ii) the individual’s income for the year where the individual dies in the year or in the following taxation year, and (iii) in any other case, the lesser of the individual’s income for the year and the amount determined by the formula A is the individual’s income for the year, B is the total of all amounts, each of which is that proportion of the individual’s taxable capital gain for the taxation year in respect of a gift made by the individual in the taxation year (in respect of which gift an eligible amount is included in the individual’s total charitable gifts for the taxation year) that the eligible amount of the gift is of the individual’s proceeds of disposition in respect of the gift, C is the total of all amounts each of which is a taxable capital gain of the individual for the year, because of subsection 40(1.01), from a disposition of a property in a preceding taxation year, D is the total of all amounts each of which is determined in respect of the individual’s depreciable property of a prescribed class and equal to the lesser of (A) the amount included under subsection 13(1) in respect of the class in computing the individual’s income for the year, and (B) the total of all amounts each of which is determined in respect of a disposition that is the making of a gift of property of the class made by the individual in the year (in respect of which gift an eligible amount is included in the individual’s total charitable gifts for the taxation year) equal to the lesser of (I) that proportion, of the amount by which the proceeds of disposition of the property exceed any outlays and expenses, to the extent that they were made or incurred by the individual for the purpose of making the disposition, that the eligible amount of the gift is of the individual’s proceeds of disposition in respect of the gift, and (II) that proportion, of the capital cost to the individual of the property, that the eligible amount of the gift is of the individual’s proceeds of disposition in respect of the gift, and E is the total of all amounts each of which is the portion of an amount deducted under section 110.6 in computing the individual’s taxable income for the year that can reasonably be considered to be in respect of a gift referred to in the description of B or C, (c) the individual’s total cultural gifts for the year, and
Exception aux règles de la résidence principale
An eligible amount of a gift is not to be included in the total charitable gifts, total cultural gifts or total ecological gifts of an individual unless the making of the gift is evidenced by filing with the Minister (a) a receipt for the gift that contains prescribed information; (b) in the case of a gift described in the definition total cultural gifts in subsection (1), the certificate issued under subsection 33(1) of the *Cultural Property Export and Import Act*; and (c) in the case of a gift described in the definition *total ecological gifts* in subsection (1), both certificates referred to in that definition. (2.1) For the purpose of determining an individual’s total charitable gifts, total cultural gifts and total ecological gifts for a taxation year, no amount in respect of a gift described in any of the definitions of those expressions and made in a particular taxation year is to be considered to have been included in determining an amount that was deducted under this section in computing the individual’s tax payable under this Part for a taxation year until amounts in respect of such gifts made in taxation years preceding the particular year that can be so considered are so considered. **Deduction by individuals for gifts**
a) reprend la résidence habituelle de ce bien pendant la durée de son emploi ou de celui de son époux ou conjoint de fait chez cet employeur ou avant la fin de l’année d’imposition qui suit celle où le terme de son emploi ou celui de son époux ou conjoint de fait chez cet employeur; b) meurt pendant la durée de son emploi ou celui de son époux ou conjoint de fait chez cet employeur. Definition of property [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 54.1; 2000, c. 12, s. 14; 2000, c. 17, s. 238(E); 2013, c. 34, s. 192(E).] Definitions 55 (1) In this section, A × B/C where Définition de bien
For the purpose of computing the tax payable under this Part by an individual for a taxation year, there may be deducted such amount as the individual claims not exceeding the amount determined by the formula A is the appropriate percentage for the year; B is the lesser of $200 and the individual’s total gifts for the year; C is the highest individual percentage for the year; (a) in the case of a trust (other than a graduated rate estate or a *qualified disability trust* as defined in subsection 122(3)), the amount, if any, by which its total gifts for the year exceeds $200, and (b) in any other case, the lesser of (i) the amount, if any, by which the individual’s total gifts for the year exceeds $200, and (ii) the amount, if any, by which the individual’s amount taxable for the year for the purposes of subsection 117(2) exceeds the first dollar amount for the year referred to in paragraph 117(2)(e); E is 29%; and F is the amount, if any, by which the individual’s total gifts for the year exceeds the total of $200 and the amount determined for D. Gifts — deaths before 2016
Au présent article, bien s’entend, pour ce qui concerne un contribuable, d’un logement, selon le cas : a) qu’il possède; b) sur lequel il a un droit de tenure à bail; c) au titre duquel il possède une action du capital-actions d’une société coopérative d’habitation pourvu que l’action ait été acquise dans le seul but d’acquérir le droit d’habiter un logement de la société, soit conjointement avec une autre personne, soit autrement, au cours de l’année et que, à tout moment, était plus éloigné d’au moins 40 kilomètres de son nouveau lieu d’emploi ou de celui de son époux ou conjoint de fait que ne l’étaient ses lieux ultérieurs de résidence. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; L.R., 1985, ch. 1 (5e suppl.), art. 54.1; 2000, ch. 12, art. 14; 2000, ch. 17, art. 238(A); 2013, ch. 34, art. 192(A).] Actions réputées être des immobilisations
If an individual dies before 2016 and any of this subsection and subsections (5), (5.2), (5.3), (7) and (7.1) (as they read for the taxation year in which the death occurred) applied to deem the individual to have made a gift at a time before the death, then for the purposes of this section the gift is deemed not to have been made by any other taxpayer at any other time. Gifts — deaths after 2015 (4.1) Subsection (5) applies to a gift if an estate arises on and as a consequence of the death after 2015 of an individual and the gift is (a) made by the individual by the individual’s will; (b) deemed by subsection (5.2) to have been made in respect of the death; or (c) made by the estate. Gifts — deaths after 2015
[NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; 1988, ch. 55, art. 32.] Définitions 55 (1) Les définitions qui suivent s’appliquent au présent article. acquisition autorisée Quant à une attribution effectuée par une société cédante, acquisition d’un bien par une personne ou une société de personnes réalisée à l’occasion dans le cadre : a) soit d’une attribution; b) soit d’un échange ou d’un rachat autorisés relativement à une attribution effectuée par une autre société cédante. (permitted acquisition) attribution Transfert direct ou indirect de biens d’une société (appelée « société cédante » au présent article) en faveur d’une ou plusieurs sociétés (chacune étant appelée « société cessionnaire » au présent article) dans le cadre duquel et en ce qui est de chaque type de bien appartenant à la société cédante immédiatement avant le transfert, chaque société cessionnaire reçoit des biens de ce type (a) a distribution, or (A × B/C) + D where dont la juste valeur marchande correspond exactement ou approximativement au résultat du calcul suivant : A × B/C où : A représente la juste valeur marchande, immédiatement avant le transfert, de l’ensemble des biens de ce type qui appartenaient alors à la société cédante; B la juste valeur marchande, immédiatement avant le transfert, des actions du capital-actions de la société cédante qui appartenaient alors à la société cessionnaire; C la juste valeur marchande, immédiatement avant le transfert, des actions émises du capital-actions de la société cédante. (distribution) catégorie exclue Catégorie d’actions du capital-actions d’une société cédante, lorsque les conditions suivantes sont réunies : a) le capital versé au titre de la catégorie, immédiatement avant le début de la série d’opérations ou d’événements qui comprend une attribution par la société cédante, est au moins égal à la juste valeur marchande de la contrepartie reçue à l’émission de cette catégorie d’actions en circulation; b) ni les caractéristiques des actions de la catégorie ni une convention relative à celles-ci ne permettent que les actions soient convertibles en actions autres que des actions d’une catégorie exclue ou des actions du capital-actions d’une société cessionnaire ayant la même société cédante, ou échangeables contre de telles actions; c) aucun détenteur des actions ne peut recevoir, au rachat, à l’annulation ou à l’acquisition des actions par la société ou par une personne avec laquelle celle-ci a un lien de dépendance, un montant, sauf une prime pour rachat anticipé, qui dépasse de plus de la juste valeur marchande de la contrepartie de l’émission des actions et du montant des dividendes impayés sur les actions; d) les actions ne confèrent pas le droit d’élire les membres du conseil d’administration, sauf en cas d’inexécution des conditions des actions. (specified class) échange autorisé Quant à une attribution effectuée par une société cédante : a) échange d’actions contre des actions du capital-actions de la société cédante auquel les paragraphes 51(1) ou 86(1) s’appliquent ou s’appliqueraient si les Income Tax PART I Income Tax DIVISION B Computation of Income
If this subsection applies to a gift, then for the purposes of the Act (other than subsections (4.1) and (5.2)) the gift is deemed to be made (a) by the estate referred to in subsection (4.1) and not by any other taxpayer; and (b) subject to subsection (13), at the time that the property that is the subject of the gift is transferred to the donee and not at any other time. Gifts by graduated rate estate (5.1) This subsection applies to a gift made by an individual’s graduated rate estate (determined without reference to paragraph (a) of the definition graduated rate estate in subsection 248(1)) if the gift is made no more than 60 months after the individual’s death, the death occurs after 2015 and either (a) the gift is deemed by subsection (5.2) to have been made in respect of the death, or (b) the subject of the gift is property that was acquired by the estate on and as a consequence of the death or is property that was substituted for that property. (5.2) For the purposes of this section, money or a negotiable instrument transferred to a qualified donee is deemed to be property that is the subject of a gift, in respect of an individual’s death, made to the qualified donee, if the death occurs after 2015 and the transfer is (a) a transfer — other than a transfer the amount of which is not included in computing the income of the individual or the individual’s estate for any taxation year but would have been included in computing the income of the individual or the estate for a taxation year if the transfer had been made to the individual’s legal representative for the estate’s benefit and this Act were read without reference to subsection 70(3) — made (i) as a consequence of the death, (ii) solely because of the obligations under a life insurance policy under which, immediately before the death, the individual’s life was insured, and the individual’s consent would have been required to change the recipient of the transfer, and (iii) from an insurer to a person that is the qualified donee and that was, immediately before the death, neither a policyholder under the policy nor an assignee of the individual’s interest under the policy; or (b) a transfer made (i) as a consequence of the death, (ii) solely because of the qualified donee’s interest or, for civil law a right, as a beneficiary under an arrangement (other than an arrangement of which a licensed annuities provider is the issuer or carrier) (A) that is a registered retirement savings plan or registered retirement income fund or that was, immediately before the death, a TFSA, and (B) under which the individual was, immediately before the death, the annuitant or holder, and (iii) from the arrangement to the qualified donee. (i) makes a gift at any time of capital property to a qualified donee, or (ii) who is non-resident, makes a gift at any time of real or immovable property situated in Canada to a prescribed donee who provides an undertaking, in a form satisfactory to the Minister, to the effect that the property will be held for use in the public interest; and (b) the fair market value of the property otherwise determined at that time exceeds (i) in the case of depreciable property of a prescribed class, the lesser of the undepreciated capital cost of that class at the end of the taxation year of the individual that includes that time (determined without reference to proceeds of disposition designated in respect of the property under subsection (6)) and the adjusted cost base to the individual of the property immediately before that time, and (ii) in any other case, the adjusted cost base to the individual of the property immediately before that time.
Impôt sur le revenu
If this subsection applies in respect of a gift by an individual of property, and the individual or the individual’s legal representative designates an amount in respect of the gift in the individual’s return of income under section 150 for the year in which the gift is made, the amount so designated is deemed to be the individual’s proceeds of disposition of the property and, for the purpose of subsection 248(31), the fair market value of the gift, but the amount so designated may not exceed the fair market value of the property otherwise determined and may not be less than the greater of (a) in the case of a gift made after December 20, 2002, the amount of the advantage, if any, in respect of the gift, and (b) the amount determined under subparagraph (5.4)(b)(i) or (ii), as the case may be, in respect of the property.
Subsection (7.1) applies to a gift made by an individual if the gift is described in the definition total charitable gifts or total cultural gifts in subsection (1) and the property that is the subject of the gift is a work of art that (a) was created by the individual and is in the individual's inventory; (b) was acquired by the individual under circumstances where subsection 70(3) applies; or (c) if the individual is an estate that arose on and as a consequence of the death of a particular individual who created the work of art, was in the particular individual's inventory immediately before the death. (7.1) If this subsection applies to a gift made by an individual, the following rules apply: (a) in the case of a gift described in the definition total cultural gifts in subsection (1), (i) if at the time the gift is made the fair market value of the work of art that is the subject of the gift exceeds its cost amount to the individual, the individual is deemed to receive at that time proceeds of disposition in respect of the work of art equal to the greater of its cost amount to the individual at that time and the amount of the advantage, if any, in respect of the gift, and (ii) if the individual is the graduated rate estate of a particular individual who created the work of art that is the subject of the gift and at the time immediately before the particular individual's death the fair market value of the work of art exceeds its cost amount to the particular individual, the particular individual is deemed to receive at that time proceeds of disposition in respect of the work of art equal to the cost amount to the particular individual at that time and the estate is deemed to have acquired the work of art at a cost equal to those proceeds; and (b) in the case of a gift described in the definition total charitable gifts in subsection (1), (i) if at the time the gift is made the fair market value of the work of art that is the subject of the gift exceeds its cost amount to the individual, then the amount designated in the individual's return of income under section 150 for the taxation year that includes that time is deemed to be (A) the individual's proceeds of disposition in respect of the work of art, and (B) the fair market value of the work of art for the purposes of subsection 248(31), (ii) a designation under subparagraph (i) is of no effect to the extent that the amount designated (A) exceeds the fair market value of the work of art otherwise determined, or (B) is less than the greater of the amount of the advantage, if any, in respect of the gift, and the cost amount to the individual of the work of art, (iii) if the individual is the graduated rate estate of a particular individual who created the work of art that is the subject of the gift and at the time immediately before the particular individual’s death the fair market value of the work of art exceeds its cost amount to the particular individual, (A) the amount designated in the particular individual’s return of income under section 150 for the taxation year that includes that time is deemed to be the value of the work of art at the time of the death, and (B) the estate is deemed to have acquired the work of art at a cost equal to that value, and (iv) a designation under subparagraph (iii) is of no effect to the extent that the amount designated (A) exceeds the fair market value of the work of art otherwise determined, or (B) is less than the cost amount to the particular individual of the work of art. Gifts made by partnership
If at the end of a fiscal period of a partnership an individual is a member of the partnership, the individual’s share of any amount that would, if the partnership were a person, be the eligible amount of a gift made by the partnership to any donee is, for the purpose of this section, deemed to be the eligible amount of a gift made to that donee by the individual in the individual’s taxation year in which the fiscal period of the partnership ends.
Where throughout a taxation year an individual resided in Canada near the boundary between Canada and the United States, if (a) the individual commuted to the individual’s principal place of employment or business in the United States, and (b) the individual’s chief source of income for the year was that employment or business, a gift made by the individual in the year to a religious, charitable, scientific, literary or educational organization created or organized in or under the laws of the United States that would be allowed as a deduction under the United States Internal Revenue Code shall, for the purpose of the definition total charitable gifts in subsection 118.1(1), be deemed to have been made to a registered charity. Determination of fair market value
actions étaient des immobilisations pour leur détenteur, à l’exclusion d’un échange par suite duquel le contrôle de la société cédante a été acquis par une personne ou un groupe de personnes; b) échange d’actions du capital-actions de la société cédante par un ou plusieurs de ses actionnaires (chacun étant appelé « participant » au présent alinéa) contre des actions du capital-actions d’une autre société (appelée « acquéreur » au présent alinéa) en prévision d’une attribution, dans le cas où, à la fois : (i) aucune action du capital-actions de l’acquéreur qui est en circulation immédiatement après l’échange, sauf les actions conférant l’admissibilité aux postes d’administrateurs, n’appartient alors à une personne ou société de personnes autre qu’un participant, (ii) l’un des faits suivants se vérifie : (A) l’acquéreur est propriétaire, immédiatement avant l’attribution, de l’ensemble des actions du capital-actions de la société cédante qui appartenaient à un participant immédiatement avant l’échange, (B) la juste valeur marchande, immédiatement avant l’attribution, des actions du capital-actions de l’acquéreur qui appartiennent à chaque participant correspond exactement ou approximativement au résultat du calcul suivant : (A × B/C) + D où : A représente la juste valeur marchande, immédiatement avant l’attribution, des actions du capital-actions de l’acquéreur alors en circulation, à l’exception d’actions émises en faveur de participants en contrepartie d’actions d’une catégorie exclue dont l’ensemble des actions ont été acquises par l’acquéreur lors de l’échange, B la juste valeur marchande, immédiatement avant l’échange, des actions du capital-actions de la société cédante appartenant alors au participant, sauf les actions d’une catégorie exclue de laquelle l’acquéreur a acquis, lors de l’échange, soit l’ensemble, soit aucunes des actions, C la juste valeur marchande, immédiatement avant l’échange, des actions du capital-actions de la société cédante en circulation immédiatement avant l’échange, sauf, d’une part, les actions d’une catégorie exclue à Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of paragraph 110.1(1)(c) and the definition total cultural gifts in subsection 118.1(1), the fair market value of an object is deemed to be the fair market value determined by the Canadian Cultural Property Export Review Board. Determination of fair market value (10.1) For the purposes of this section, subparagraph 69(1)(b)(ii), subsection 70(5) and sections 110.1 and 207.31, if at any time the Canadian Cultural Property Export Review Board or the Minister of the Environment determines or redetermines an amount to be the fair market value of a property that is the subject of a gift described in paragraph 110.1(1)(a), or in the definition total charitable gifts in subsection (1), made by a taxpayer within the two-year period that begins at that time, an amount equal to the last amount so determined or redetermined within the period is deemed to be the fair market value of the gift at the time the gift was made and, subject to subsections (6), (7.1) and 110.1(3), to be the taxpayer’s proceeds of disposition of the gift. Request for determination by the Minister of the Environment (10.2) Where a person disposes or proposes to dispose of a property that would, if the disposition were made and the certificates described in paragraph 110.1(1)(d) or in the definition total ecological gifts in subsection (1) were issued by the Minister of the Environment, be a gift described in those provisions, the person may request, by notice in writing to that Minister, a determination of the fair market value of the property. Duty of Minister of the Environment (10.3) In response to a request made under subsection (10.2), the Minister of the Environment shall with all due dispatch make a determination in accordance with subsection (12) or 110.1(5), as the case may be, of the fair market value of the property referred to in that request and give notice of the determination in writing to the person who has disposed of, or who proposes to dispose of, the property, except that no such determination shall be made if the request is received by that Minister after three years after the end of the person’s taxation year in which the disposition occurred. (10.4) Where the Minister of the Environment has, under subsection (10.3), notified a person of the amount determined by that Minister to be the fair market value of a property in respect of its disposition or proposed disposition, (a) that Minister shall, on receipt of a written request made by the person on or before the day that is 90 days after the day that the person was so notified of the first such determination, with all due dispatch confirm or redetermine the fair market value; (b) that Minister may, on that Minister’s own initiative, at any time redetermine the fair market value; (c) that Minister shall in either case notify the person in writing of that Minister’s confirmation or redetermination; and (d) any such redetermination is deemed to replace all preceding determinations and redeterminations of the fair market value of that property from the time at which the first such determination was made. Certificate of Fair Market Value (10.5) Where the Minister of the Environment determines under subsection (10.3) the fair market value of a property, or redetermines that value under subsection (10.4), and the property has been disposed of to a qualified donee described in paragraph 110.1(1)(d) or in the definition total ecological gifts in subsection (1), that Minister shall issue to the person who made the disposition a certificate that states the fair market value of the property so determined or redetermined and, where more than one certificate has been so issued, the last certificate is deemed to replace all preceding certificates from the time at which the first certificate was issued. Assessments
Notwithstanding subsections 152(4) to (5), such assessments or reassessments of a taxpayer’s tax, interest or penalties payable under this Act for any taxation year shall be made as are necessary to give effect (a) to a certificate issued under subsection 33(1) of the Cultural Property Export and Import Act or to a decision of a court resulting from an appeal made pursuant to section 33.1 of that Act; or (b) to a certificate issued under subsection (10.5) or to a decision of a court resulting from an appeal made pursuant to subsection 169(1.1).
l’égard de laquelle l’acquéreur a acquis, lors de l’échange, soit l’ensemble, soit aucune des actions et, d’autre part, les actions que la société cédante est tenue de racheter, d’acquérir ou d’annuler par suite de l’exercice, par le détenteur de l’action, d’un droit à la dissidence prévu par une loi, D la juste valeur marchande, immédiatement avant l’attribution, des actions émises au participant par l’acquéreur en contrepartie des actions d’une catégorie exclue dont l’ensemble des actions ont été acquises par l’acquéreur lors de l’échange. (permitted exchange) filiale à cent pour cent déterminée S’agissant de la filiale à cent pour cent déterminée d’une société, société dont l’ensemble des actions du capital-actions en circulation (sauf les actions conférant l’admissibilité au poste d’administrateurs et les actions de catégorie exclues) sont détenues : a) par la société publique; b) par une filiale à cent pour cent déterminée de la société publique; c) par plusieurs des sociétés visées aux alinéas a) et b). (specified wholly-owned corporation) moment de détermination du revenu protégé Quant à une opération, à un événement ou à une série d’opérations ou d’événements, le premier en date des moments suivants : a) le moment après la première disposition ou la première augmentation de participation, visée à l’un des sous-alinéas (3)a)(i) à (v), qui a résulté de l’opération, de l’événement ou de la série; b) le moment avant le premier versement de dividende dans le cadre de l’opération, de l’événement ou de la série. (safe-income determination time) personne admissible En ce qui concerne une attribution, personne ou société de personnes qui, en lien de dépendance avec la société cédante à aucun moment de la série d’opérations ou d’événements qui comprend l’attribution si, à la fois : a) l’un des faits ci-après se vérifie avant l’attribution : (i) les actions de chaque catégorie du capital-actions de la société cédante qui comprend des actions qui font en sorte que la société de personnes est un actionnaire déterminé de la société Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of applying subparagraph 69(1)(b)(ii), subsection 70(5), this section and section 207.31 in respect of a gift described in the definition total ecological gifts in subsection (1) that is made by an individual, the amount that is the fair market value (or, for the purpose of subsection (6), the fair market value otherwise determined) of the gift at the time the gift was made and, subject to subsection (6), the individual’s proceeds of disposition of the gift, is deemed to be the amount determined by the Minister of the Environment to be (a) where the gift is land, the fair market value of the gift; or (b) where the gift is a servitude, covenant or easement to which land is subject, the greater of (i) the fair market value otherwise determined of the gift, and (ii) the amount by which the fair market value of the land is reduced as a result of the making of the gift. Non-qualifying securities
specified class means a class of shares of the capital stock of a distributing corporation where Impôt sur le revenu
For the purposes of this section (other than this subsection), if at any particular time an individual makes a gift (including a gift, but for this subsection, would be deemed by subsection (5) to be made at the particular time) of a non-qualifying security of the individual and the gift is not an excepted gift, (a) except for the purpose of applying subsection 118.1(6) to determine the individual’s proceeds of disposition of the security, the gift is deemed not to have been made; (b) if the security ceases to be a non-qualifying security of the individual at a subsequent time that is within 60 months after the particular time and the donee has not disposed of the security at or before the subsequent time, the individual is deemed to have made a gift to the donee of property at the subsequent time and the fair market value of that property is deemed to be the lesser of the fair market value of the security at the subsequent time and the fair market value of the security at the particular time that would, if this Act were read without reference to this subsection, have been included in calculating the individual’s total charitable gifts for a taxation year; (c) if the security is disposed of by the donee within 60 months after the particular time and paragraph (b) does not apply to the security, the individual is deemed to have made a gift to the donee of property at the time of the disposition and the fair market value of that property is deemed to be the lesser of the fair market value of any consideration (other than a non-qualifying security of any person) received by the donee for the disposition and the fair market value of the security at the particular time that would, if this Act were read without reference to this subsection, have been included in calculating the individual’s total charitable gifts for a taxation year; and (d) a designation under subsection 118.1(6) or 110.1(3) in respect of the gift made at the particular time may be made in the individual’s return of income for the year that includes the subsequent time referred to in paragraph 118.1(13)(b) or the time of the disposition referred to in paragraph 118.1(13)(c). (13.1) Subsection (13.2) applies if, as part of a series of transactions, (b) a particular person holds a non-qualifying security of the individual; and (c) the qualified donee acquires, directly or indirectly, a non-qualifying security of the individual or of the particular person. Non-qualifying securities — third-party accommodation (a) for the purposes of this section, the fair market value of the particular property is deemed to be reduced by an amount equal to the fair market value of the non-qualifying security acquired by the qualified donee; and (b) for the purposes of subsection (13), (i) if the non-qualifying security acquired by the qualified donee is a non-qualifying security of the particular person, it is deemed to be a non-qualifying security of the individual, (ii) the individual is deemed to have made, at the particular time referred to in subsection (13.1), a gift of the non-qualifying security acquired by the qualified donee, the fair market value of which does not exceed the amount, if any, by which (A) the fair market value of the particular property determined without reference to paragraph (a) (B) the fair market value of the particular property determined under paragraph (a), and (iii) paragraph (13)(b) does not apply in respect of the gift. Non-qualifying securities — anti-avoidance (13.3) For the purposes of subsections (13.1) and (13.2), if, as part of a series of transactions, an individual makes a gift to a qualified donee and the qualified donee acquires a non-qualifying security of a person (other than the individual or particular person referred to in subsection (13.1)) and it may reasonably be considered, having regard to all the circumstances, that one of the purposes or results of the acquisition of the non-qualifying security by the qualified donee was to facilitate, directly or indirectly, the making of the gift by the individual, then the non-qualifying security acquired by the qualified donee is deemed to be a non-qualifying security of the individual. Exchanged security
Where a share (in this subsection referred to as the “new share”) that is a non-qualifying security of an individual has been acquired by a donee referred to in subsection 118.1(13) in exchange for another share (in this subsection referred to as the “original share”) that is a non-qualifying security of the individual by means of a transaction to which section 51, subparagraphs 85.1(1)(a)(i) and 85.1(1)(a)(ii) or section 86 or 87 applies, the new share is deemed for the purposes of this subsection and subsection 118.1(13) to be the same share as the original share. Exchange of beneficial interest in trust (14.1) Where a donee disposes of a beneficial interest in a trust that is a non-qualifying security of an individual in circumstances where paragraph (13)(c) would, but for this subsection, apply in respect of the disposition, and in respect of which the donee receives no consideration other than other non-qualifying securities of the individual, for the purpose of subsection (13) the gift referred to in that subsection is to be read as a reference to a gift of those other non-qualifying securities.
If, but for this subsection, an individual would be deemed by subsection 118.1(13) to have made a gift after the individual’s death, for the purpose of this section the individual is deemed to have made the gift in the taxation year in which the individual died, except that the amount of interest payable under any provision of this Act is the amount that it would be if this subsection did not apply to the gift.
For the purpose of this section, where (a) at any particular time an individual makes a gift of property, (b) if the property is a non-qualifying security of the individual, the gift is an excepted gift, and (c) within 60 months after the particular time (i) the donee holds a non-qualifying security of the individual that was acquired by the donee after the time that is 60 months before the particular time, or (ii) the individual or any person or partnership with which the individual does not deal at arm’s length uses property of the donee under an agreement that was made or modified after the time that is 60 months before the particular time, and the property was not used in the carrying on of the donee’s charitable activities, the fair market value of the gift is deemed to be that value otherwise determined minus the total of all amounts each of which is the fair market value of the consideration given by the donee to so acquire a non-qualifying security so held or the fair market value of such a property so used, as the case may be. Ordering rule
cédante (les actions de l’ensemble de ces catégories étant appelées « actions échangées » à la présente définition) sont échangées, dans les circonstances visées à l’alinéa a) de la définition de échange autorisé, contre une contrepartie qui consiste uniquement en actions d’une catégorie exclue du capital-actions de la société cédante (appelées « nouvelles actions » à la présente définition), (ii) les conditions des actions échangées sont modifiées (ces actions étant appelées, à la présente définition, « actions modifiées » et les actions modifiées sont des actions d’une catégorie exclue du capital-actions de la société cédante; b) immédiatement avant l’échange ou la modification, les actions échangées sont inscrites à la cote d’une bourse de valeurs désignée; c) immédiatement après l’échange ou la modification, les nouvelles actions ou les actions modifiées, selon le cas, sont inscrites à la cote d’une bourse de valeurs désignée; d) les actions échangées seraient des actions d’une catégorie exclue si elles n’étaient pas convertibles en d’autres actions ou échangeables contre d’autres actions; e) ni les actions échangées ou les actions modifiées, selon le cas, ni les nouvelles actions ne confèrent le droit d’élire les membres du conseil d’administration de la société cédante, en cas d’inexécution des conditions des actions; f) aucun détenteur des nouvelles actions ou des actions modifiées, selon le cas, ne peut recevoir, au rachat, à l’annulation ou à l’acquisition de ces actions par la société cédante ou par une personne avec laquelle celle-ci a un lien de dépendance, un montant, sauf une prime pour rachat anticipé, qui dépasse le total de la juste valeur marchande de la contrepartie de l’émission des actions échangées et du montant des dividendes impayés sur les nouvelles actions ou les actions modifiées, selon le cas. (qualified person) rachat autorisé Quant à une attribution effectuée par une société cédante : a) le rachat, ou l’achat pour annulation, par la société cédante, dans le cadre de la réorganisation qui comprend l’attribution, des actions de son capital-actions qui appartiennent, immédiatement avant l’attribution, à une société cessionnaire quant à la société cédante; (d) the shares are non-voting in respect of the election of the board of directors except in the event of a failure to pay or default under the terms or conditions of the shares; (catégorie exclue) specified corporation in relation to a distribution means a distributing corporation and for the purposes of paragraphs (c) and (d) (f) where there has been a winding-up of a corporation to which subsection 88(1) applies, the parent is deemed to be the same corporation as, and a continuation of, the subsidiary; (société déterminée) (a) the public corporation, (b) le rachat, ou l’achat pour annulation, par une société cessionnaire quant à la société cédante ou par une société qui, immédiatement après le rachat ou l’achat, était une filiale à cent pour cent de la société cessionnaire, dans le cadre de la réorganisation qui comprend l’attribution, des actions du capital-actions de la société cessionnaire ou de la filiale qui ont été acquises par la société cédante en contrepartie du transfert de biens reçus par la société cessionnaire lors de l’attribution; c) le rachat, ou l’achat pour annulation, lors de la cession, en prévision de l’attribution, de l’ensemble des actions de son capital-actions représentant chacune : (i) soit une action d’une catégorie exclue dont le coût, au moment de son émission, pour son propriétaire initial était égal à la juste valeur marchande, à ce moment, de la contrepartie de son émission, (ii) soit une action émise, en prévision de l’attribution, par la société cédante en échange d’une action visée au sous-alinéa (i); (permitted redemption) société déterminée En ce qui concerne une attribution, la société cédante qui répond aux conditions suivantes : a) elle est une société publique ou une filiale à cent pour cent déterminée d’une société publique; b) des actions de son capital-actions sont échangées contre des actions du capital-actions d’une autre société (appelée « acquéreur » à la présente définition et au paragraphe (3.02)) dans le cadre d’une opération à laquelle la définition de échange autorisé au présent paragraphe s’appliquerait s’il était fait abstraction de l’alinéa a) et de l’alinéa b)(ii) de cette définition; c) elle ne l’effectue pas d’attribution, en faveur d’une société qui n’est pas un acquéreur, après 1998 et avant le jour qui suit de trois ans le jour où des actions de son capital-actions de la société cédante sont échangées dans le cadre de l’opération visée à l’alinéa b); d) en ce qui la concerne, aucun acquéreur n’effectue d’attribution après 1998 et avant le jour qui suit de trois ans le jour où les actions du capital-actions de la société cédante sont échangées dans le cadre de l’opération visée à l’alinéa b); Les présomptions suivantes s’appliquent dans le cadre des alinéas c) et d): e) la société issue de la fusion d’autres sociétés est réputée être la même société que chacune des autres sociétés et en être la continuation; (b) a specified wholly-owned corporation of the public corporation, or (c) any combination of corporations described in paragraph (a) or (b). (filiale à cent pour cent déterminée) Application of subsection (2) f) en cas de liquidation d’une société à laquelle le paragraphe 88(1) s’applique, la société mère est réputée être la même société que la filiale en titre de la continuation. (specified corporation) Présomption — gain en capital ou produit de disposition
For the purpose of applying subsection (16) to determine the fair market value of a gift made at any time Non-qualifying security defined
En cas d’application du présent paragraphe à un dividende imposable reçu par un bénéficiaire de dividende, malgré toute autre disposition de la présente loi, les règles ci-après s’appliquent relativement au montant du dividende (à l’exclusion de la partie de celui-ci qui est assujettie à l’impôt prévu à la partie IV qui n’est pas remboursé en raison du paiement d’un dividende par une société lorsqu’un tel paiement fait partie de la série visée au paragraphe (2.1)) : a) ce montant est réputé ne pas être un dividende reçu par le bénéficiaire de dividende; b) si le dividende est reçu lors du rachat, de l’acquisition ou de l’annulation d’une action par la société qui a émis l’action et à laquelle le paragraphe 84(2) ou (3) s’applique, ce montant est réputé être un produit de disposition de l’action qui est rachetée, acquise ou annulée, sauf dans la mesure où le dividende est par ailleurs inclus dans le calcul de ce produit; c) si l’alinéa b) ne s’applique pas au dividende, ce montant est réputé être un gain du bénéficiaire de dividende, pour l’année au cours de laquelle il a été reçu, provenant de la disposition d’une immobilisation. Application du paragraphe (2) (2.1) Le paragraphe (2) s’applique à un dividende imposable reçu par une société résidant au Canada (appelée bénéficiaire de dividende aux paragraphes (2), (2.2) et (2.4)) dans le cadre d’une opération, d’un événement ou d’une série d’opérations ou d’événements si les énoncés ci-après se vérifient : a) le bénéficiaire de dividende a droit à une déduction en vertu des paragraphes 112(1) ou (2) ou 138(6) relativement au dividende; b) l’un des faits ci-après s’avère : (i) l’un des objets du paiement ou de la réception du dividende (ou, dans le cas d’un dividende visé au paragraphe 84(3), l’un des résultats a été de diminuer sensiblement la partie du gain en capital qui, sans le dividende, aurait été réalisé lors d’une disposition d’un action au capital-actions à la juste valeur marchande effectuée immédiatement avant le dividende, (ii) le dividende — à l’exception d’un dividende qui a été reçu lors du rachat, de l’acquisition ou de l’annulation d’une action par la société ayant émis l’action, auquel le paragraphe 84(2) ou (3) s’applique — a été reçu sur une action qui est détenue à titre d’immobilisation par le bénéficiaire de dividende et l’un des objets du paiement ou de la réception du dividende est, selon le cas : (A) de diminuer sensiblement la juste valeur marchande d’une action, (B) d’augmenter sensiblement le coût des biens de sorte que le montant qui correspond au total des coûts indiqués des biens du bénéficiaire de dividende immédiatement après le dividende soit sensiblement supérieur au montant qui correspond au total des coûts indiqués des biens du bénéficiaire de dividende immédiatement avant le dividende; c) le montant du dividende est supérieur au montant du revenu gagné ou réalisé par une société — après 1971 et avant le moment de la détermination du revenu protégé quant à l’opération, à l’événement ou à la série d’opérations ou d’événements — qui serait raisonnable de considérer comme contribuant au gain en capital qui aurait été réalisé lors d’une disposition à la juste valeur marchande, effectuée immédiatement avant le dividende, de l’action sur laquelle le dividende a été reçu. Règle spéciale — montant du dividende en actions (2.2) Pour l’application des paragraphes (2), (2.1), (2.3) et (2.4), le montant d’un dividende en actions et le droit du bénéficiaire de dividende à une déduction en vertu des paragraphes 112(1) ou (2) ou 138(6) relativement au montant de ce dividende sont déterminés comme si l’alinéa b) de la définition de montant au paragraphe 248(1) avait le libellé suivant : b) dans le cas d’un dividende en actions payé par une société, le plus élevé des montants suivants : (i) le montant correspondant à l’augmentation, découlant du versement du dividende, du capital versé de la société qui a versé le dividende, (ii) la juste valeur marchande de l’action ou des actions émises à titre de dividendes en actions au moment du versement; (2.3) If this subsection applies in respect of a stock dividend Application of subsection (2.3) (2.4) Subsection (2.3) applies in respect of a stock dividend if Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this section, non-qualifying security of an individual at any time means (a) an obligation (other than an obligation of a financial institution to repay an amount deposited with the institution or an obligation listed on a designated stock exchange) of the individual or the individual’s estate or of any person or partnership with which the individual or the estate does not deal at arm’s length immediately after that time; (b) a share (other than a share listed on a designated stock exchange) of the capital stock of a corporation with which the individual or the estate, or where the individual is a trust, a person affiliated with the trust, does not deal at arm’s length immediately after that time; (b.1) a beneficial interest of the individual or the estate in a trust that (i) immediately after that time is affiliated with the individual or the estate, or (ii) holds, immediately after that time, a non-qualifying security of the individual or estate, or held, at or before that time, a share described in paragraph (b) that is, after that time, held by the donee; or (c) any other security (other than a security listed on a designated stock exchange) issued by the individual or the estate or by any person or partnership with which the individual or the estate does not deal at arm’s length (or, in the case where the person is a trust, with which the individual or estate is affiliated) immediately after that time. Expected gift
Application Impôt sur le revenu
For the purposes of this section, a gift made by a taxpayer is an excepted gift if (a) the security is a share; and (b) the donee is not a private foundation. (i) if the taxpayer is an individual’s graduated rate estate, (A) the individual dealt at arm’s length with the donee immediately before the individual’s death, and (B) the graduated rate estate deals at arm’s length with the donee (determined without reference to paragraph 251(1)(b)), or (ii) if subparagraph (i) does not apply, the taxpayer deals at arm’s length with the donee; and (d) where the donee is a charitable organization or a public foundation, the taxpayer deals at arm’s length with each director, trustee, officer and like official of the donee.
For the purpose of subsection 118.1(18), financial institution means a corporation that is (a) a member of the Canadian Payments Association; or (b) a credit union that is a shareholder or member of a body corporate or organization that is a central for the purposes of the Canadian Payments Act.
Subject to subsections (23) and (24), if an individual has granted an option to a qualified donee in a taxation year, no amount in respect of the option is to be included in computing the total charitable gifts, total cultural gifts or total ecological gifts in respect of any taxpayer for any taxation year. (a) an option to acquire a property of an individual is granted to a qualified donee; (b) the option is exercised so that the property is disposed of by the individual and acquired by the qualified donee at a particular time; and (c) either (i) the amount that is 80% of the fair market value of the property at the particular time is greater than or equal to the total of (A) the consideration received by the individual from the qualified donee for the property, and (B) the consideration received by the individual from the qualified donee for the option, or (ii) the individual establishes to the satisfaction of the Minister that the granting of the option or the disposition of the property was made by the individual with the intention to make a gift to the qualified donee. (a) the individual is deemed to have received proceeds of disposition of the property equal to the property’s fair market value at the particular time; and (b) there shall be included in the individual’s total charitable gifts, for the taxation year that includes the particular time, the amount by which the property’s fair market value exceeds the total described in subparagraph (22)(c)(i).
If an option to acquire a particular property of an individual is granted to a qualified donee and the option is disposed of by the qualified donee (otherwise than by the exercise of the option) at a particular time (a) the individual is deemed to have disposed of a property at the particular time (i) the adjusted cost base of which to the individual immediately before the particular time is equal to the consideration, if any, paid by the qualified donee for the option, and (ii) the proceeds of disposition of which are equal to the lesser of the fair market value of the particular property at the particular time and the fair market value of any consideration (other than a non-qualifying security or any person) received by the qualified donee for the option; and (b) there shall be included in the total charitable gifts of the individual for the individual’s taxation year that includes the particular time the amount, if any, by which the proceeds of disposition as determined by Returned property
du dividende reçu sur l’action sur la juste valeur marchande de l’action. Exception
Subsection (26) applies if a qualified donee has issued to an individual a receipt referred to in subsection (2) in respect of a transfer of a property (in this subsection and subsection (26) referred to as the “original property”) and a particular property that is (a) the original property is later transferred to the individual (unless that later transfer is reasonable consideration or remuneration for property acquired by or services rendered to a person); or (b) any other property that may reasonably be considered compensation for or a substitute for, in whole or in part, the original property, is later transferred to the individual. Returned property (a) irrespective of whether the transfer of the original property by the individual to the qualified donee referred to in subsection (25) was a gift, the individual is deemed not to have disposed of the original property at the time of that transfer nor to have made a gift; (b) if the particular property is identical to the original property, the particular property is deemed to be the original property; and (c) if the particular property is not the original property, then (i) the individual is deemed to have disposed of the original property at the time that the particular property is transferred to the individual for proceeds of disposition equal to the greater of the fair market value of the particular property at that time and the fair market value of the original property at the time that it was transferred by the individual to the donee, and (ii) if the transfer of the original property by the individual would be a gift if this section were read without reference to paragraph (a), the individual is deemed to have, at the time of that transfer, transferred to the donee a property that is the subject of a gift having a fair market value equal to the amount, if any, by which the fair market value of the original property at the time of that transfer exceeds the fair market value of the particular property at the time that it is transferred to the individual.
Le paragraphe (2) ne s’applique pas à un dividende reçu par une société (appelée « bénéficiaire de dividende » au présent paragraphe et au paragraphe (3.01)) si, selon le cas : a) dans le cas d’un dividende qui a été reçu lors du rachat, de l’acquisition ou de l’annulation d’une action par la société l’ayant émise auquel le paragraphe 84(2) ou (3) s’applique, aucun des faits suivants ne s’est produit à un moment donné dans le cadre d’une opération, d’un événement ou d’une série d’opérations ou d’événements dans le cadre duquel le dividende a été reçu : (i) une disposition de biens en faveur d’une personne ou d’une société de personnes qui était une personne non liée immédiatement avant le moment donné, sauf les dispositions suivantes : (A) la disposition d’argent effectuée lors du versement d’un dividende ou de la réduction du capital versé au titre d’une action, (B) la disposition de biens effectuée pour un produit au moins égal à leur juste valeur marchande, (ii) une augmentation sensible (sauf celle qui découle d’une disposition d’actions du capital-actions d’une société pour un produit de disposition au moins égal à leur juste valeur marchande) de la participation directe totale dans une société d’une ou plusieurs personnes ou sociétés de personnes qui étaient des personnes non liées immédiatement avant le moment donné, (iii) une disposition des biens suivants effectuée en faveur d’une personne ou d’une société de personnes qui était une personne non liée immédiatement avant le moment donné : (A) des actions du capital-actions de la société qui a versé le dividende (appelée « payeur de dividende » au présent alinéa et au paragraphe (3.01)), (B) des biens, sauf des actions du capital-actions du bénéficiaire de dividende, dont plus de 10 % de la juste valeur marchande provenant, à un moment de la série, de toute combinaison d’actions (A) shares of the capital stock of the dividend recipient, or Interpretation for par. (3)(a) (3.01) For the purposes of paragraph 55(3)(a), du capital-actions et de dettes du payeur de dividende, (iv) après la réception du dividende, une disposition des biens suivants effectuée en faveur d’une personne ou d’une société de personnes qui était une personne non liée immédiatement avant le moment donné : (A) des actions du capital-actions du bénéficiaire de dividende, (B) des biens dont plus de 10 % de la juste valeur marchande provenait, à un moment de la série, d’une combinaison d’actions du capital-actions et de dettes du bénéficiaire de dividende, (v) une augmentation sensible de toutes des participations directes dans le payeur de dividende d’une ou plusieurs personnes ou sociétés de personnes qui étaient des personnes non liées immédiatement avant le moment donné; b) le dividende est reçu, à la fois : (i) lors d’une réorganisation dans le cadre de laquelle : (A) une société cédante a effectué une attribution en faveur d’une ou plusieurs sociétés cessionnaires, (B) la société cédante a été liquidée ou l’ensemble des actions de son capital-actions qui appartenaient à chaque société cessionnaire immédiatement avant l’attribution ont été rachetées ou annulées dans des circonstances autres que lors d’un échange auquel s’appliquent les paragraphes 51(1), 85(1) ou 86(1), (ii) lors d’un rachat autorisé relativement à l’attribution, visée à la division (i)(A), ou lors de la liquidation, visée à la division (i)(B), de la société cédante. Application de l’alinéa (3)a) (3.01) Les règles suivantes s’appliquent dans le cadre de l’alinéa (3)a) : a) sont des personnes non liées : (i) la personne, sauf le bénéficiaire de dividende, à laquelle le bénéficiaire de dividende n’est pas lié, (ii) la société de personnes dont un des associés, sauf le bénéficiaire de dividende, n’est pas lié au bénéficiaire de dividende; Income Tax PART I Income Tax DIVISION B Computation of Income
If subsection (26) applies in respect of a transfer of property to an individual and that property has a fair market value greater than $50, the transferor must file an information return containing prescribed information with the Minister not later than 90 days after the day on which the property was transferred and provide a copy of the return to the individual. Reassessment
(d) proceeds of disposition are to be determined without reference to (ii) section 93; Impôt sur le revenu
If subsection (26) applies in respect of a transfer of property to an individual, the Minister may reassess a return of income of any person to the extent that the reassessment can reasonably be regarded as relating to the transfer. Medical expense credit
A is the appropriate percentage for the taxation year; B is the total of the individual’s medical expenses in respect of the individual, the individual’s spouse or common-law partner or a child of the individual who has not attained the age of 18 years before the end of the taxation year (a) that are evidenced by receipts filed with the Minister, (b) that were not included in determining an amount under this subsection, section 64 or subsection 122.51(2), for a preceding taxation year, (c) that are not included in determining an amount under this subsection, section 64 or subsection 122.51(2), by any other taxpayer for any taxation year, and (d) that were paid by the individual or the individual’s legal representative within any period of 12 months that ends in the taxation year or, if those expenses were in respect of a person (including the individual) who died in the taxation year, within any period of 24 months that includes the day of the person’s death; C is the lesser of $1,813 and 3% of the individual’s income for the taxation year; and D is the total of all amounts each of which is, in respect of a dependant of the individual (within the meaning assigned by subsection 118(6), other than a child of the individual who has not attained the age of 18 years before the end of the taxation year), the amount determined by the formula E is the total of the individual’s medical expenses in respect of the dependant (a) that are evidenced by receipts filed with the Minister, (b) that were not included in determining an amount under this subsection, or subsection 122.51(2), in respect of the individual for a preceding taxation year, (c) that are not included in determining an amount under this subsection, or subsection 122.51(2), by any other taxpayer for any taxation year, and (d) that were paid by the individual or the individual’s legal representative within the period referred to in paragraph (d) of the description of B; and F is the lesser of $1,813 and 3% of the dependant’s income for the taxation year. Medical expenses
For the purposes of subsection (1), a medical expense of an individual is an amount paid (a) to a medical practitioner, dentist or nurse or a public or licensed private hospital in respect of medical or dental services provided to a person (in this subsection referred to as the “patient”) who is the individual, the individual’s spouse or common-law partner or a dependant of the individual (within the meaning assigned by subsection 118(6)) in the taxation year in which the expense was incurred; (b) as remuneration for one full-time attendant (other than a person who, at the time the remuneration is paid, is the individual’s spouse or common-law partner or is under 18 years of age) on, or for the full-time care in a nursing home of, the patient in respect of whom an amount would, but for paragraph
(b.1) as remuneration for attendant care provided in Canada to the patient if (i) the patient is a person in respect of whom an amount may be deducted under section 118.3 in computing a taxpayer’s tax payable under this Part for the taxation year in which the expense was incurred, (ii) no part of the remuneration is included in computing a deduction claimed in respect of the patient under section 63 or 64 or paragraph (b), (b.2), (c), (d) or (e) for any taxation year, (iii) at the time the remuneration is paid, the attendant is neither the individual’s spouse or common-law partner nor under 18 years of age, and (iv) each receipt filed with the Minister to prove payment of the remuneration was issued by the payee and contains, where the payee is an individual, that individual’s Social Insurance Number, to the extent that the total of amounts so paid does not exceed $10,000 (or $20,000 if the individual dies in the year); (b.2) as remuneration for the patient’s care or supervision provided in a group home in Canada maintained and operated exclusively for the benefit of individuals who have a severe and prolonged impairment, if (i) because of the patient’s impairment, the patient is a person in respect of whom an amount may be deducted under section 118.3 in computing a taxpayer’s tax payable under this Part for the taxation year in which the expense is incurred, (ii) no part of the remuneration is included in computing a deduction claimed in respect of the patient under section 63 or 64 or paragraph (b), (b.1), (c), (d) or (e) for any taxation year, and (iii) each receipt filed with the Minister to prove payment of the remuneration was issued by the payee and contains, where the payee is an individual, that individual’s Social Insurance Number; (c) as remuneration for one full-time attendant on the patient in a self-contained domestic establishment in which the patient lives, if (i) the patient is, and has been certified in writing by a medical practitioner to be, a person who, by reason of mental or physical infirmity, is and is likely to be for a long-continued period of indefinite duration dependent on others for the patient’s personal needs and care and who, as a result, requires a full-time attendant, (ii) at the time the remuneration is paid, the attendant is neither the individual’s spouse or common-law partner nor under 18 years of age, and (iii) each receipt filed with the Minister to prove payment of the remuneration was issued by the payee and contains, where the payee is an individual, that individual’s Social Insurance Number; (d) for the full-time care in a nursing home of the patient, who has been certified in writing by a medical practitioner to be a person who, by reason of lack of normal mental capacity, is and in the foreseeable future will continue to be dependent on others for the patient’s personal needs and care; (e) for the care, or the care and training, at a school, institution or other place of the patient, who has been certified in writing by a medical practitioner to be a person who, by reason of a physical or mental handicap, requires the equipment, facilities or personnel specially provided by that school, institution or other place for the care or care and training, of individuals suffering from the handicap suffered by the patient; (f) for transportation by ambulance to or from a public or licensed private hospital for the patient; (g) to a person engaged in the business of providing transportation services, to the extent that the payment is made for the transportation of (ii) one individual who accompanied the patient, where the patient was, and has been certified in writing by a medical practitioner to be, incapable of travelling without the assistance of an attendant from the locality where the patient dwells to a place, not less than 40 kilometres from that locality, where medical services are normally provided, or from that place to that locality, if (iii) substantially equivalent medical services are not available in that locality, (iv) the route travelled by the patient is, having regard to the circumstances, a reasonably direct route, and (v) the patient travels to that place to obtain medical services for himself or herself and it is reasonable, having regard to the circumstances, for the patient to travel to that place to obtain those services; (h) for reasonable travel expenses (other than expenses described in paragraph (g)) incurred in respect of the patient and, where the patient was, and has been certified in writing by a medical practitioner to be, incapable of travelling without the assistance of an attendant, in respect of one individual who accompanied the patient, to obtain medical services in a place that is not less than 80 km from the locality where the patient dwells if the circumstances described in subparagraphs (g)(iii) to (v) apply; (i) for, or in respect of, an artificial limb, an iron lung, a rocking bed for poliomyelitis victims, a wheel chair, crutches, a spinal brace, a brace for a limb, an ileostomy or colostomy pad, a truss for hernia, an artificial eye, a laryngeal speaking aid, and a radio hearing aid, an artificial kidney machine, phototherapy equipment for the treatment of psoriasis or other skin disorders, or an oxygen concentrator, for the patient; (i.1) for or in respect of diapers, disposable briefs, catheters, catheter trays, tubing or other products required by the patient by reason of incontinence caused by illness, injury or affliction; (j) for eye glasses or other devices for the treatment or correction of a defect of vision of the patient as prescribed by a medical practitioner or optometrist; (k) for an oxygen tent or other equipment necessary to administer oxygen or for insulin, oxygen, liver extract injectable for pernicious anaemia or vitamin B12 for pernicious anaemia, for use by the patient as prescribed by a medical practitioner; (l) on behalf of the patient who is blind or profoundly deaf or has severe autism, severe diabetes, severe epilepsy, severe mental impairment or a severe and prolonged impairment that markedly restricts the use of the patient’s arms or legs, (i) for an animal that is (I) in the case of severe mental impairment, perform specific tasks (excluding, for greater certainty, the provision of emotional support) that assist the patient in coping with the impairment, and (II) in all other cases, assist the patient in coping with the impairment, and (B) provided by a person or organization one of whose main purposes is such training of animals, (ii) for the care and maintenance of such an animal, including food and veterinary care, (iii) for reasonable travel expenses of the patient incurred for the purpose of attending a school, institution or other facility that trains, in the handling of such animals, individuals who are so impaired, and (iv) for reasonable board and lodging expenses of the patient incurred for the purpose of the patient’s full-time attendance at a school, institution or other facility referred to in subparagraph (iii); (i) for reasonable expenses (other than expenses described in subparagraph (ii)), including legal fees and insurance premiums, to locate a compatible donor and to arrange for the transplant, and (ii) for reasonable travel, board and lodging expenses (other than expenses described in paragraphs (g) and (h)) of the donor (and one other person who accompanies the donor) and the patient (and one other person who accompanies the patient) incurred in respect of the transplant; (l.2) for reasonable expenses relating to renovations or alterations to a dwelling of the patient who lacks normal physical development or has a severe and prolonged mobility impairment, to enable the patient to gain access to, or to be mobile or functional within, the dwelling, provided that such expenses (i) are not of a type that would typically be expected to increase the value of the dwelling, and (ii) are of a type that would not normally be incurred by persons who have normal physical development or who do not have a severe and prolonged mobility impairment; (l.21) for reasonable expenses relating to the construction of the principal place of residence of the patient who lacks normal physical development or has a severe and prolonged mobility impairment, that can reasonably be considered to be incremental costs incurred to enable the patient to gain access to, or to be mobile or functional within, the patient’s principal place of residence, provided that such expenses (i) are not of a type that would typically be expected to increase the value of the dwelling, and (ii) are of a type that would not normally be incurred by persons who have normal physical development or who do not have a severe and prolonged mobility impairment; (1.3) for reasonable expenses relating to rehabilitative therapy, including training in lip reading and sign language, incurred to adjust for the patient’s hearing or speech loss; (1.4) on behalf of the patient who has a speech or hearing impairment, for sign language interpretation services or real-time captioning services, to the extent that the payment is made to a person in the business of providing such services; (1.41) on behalf of the patient who has a mental or physical impairment, for note-taking services if, (i) the patient has been certified in writing by a medical practitioner to be a person who, because of that impairment, requires such services, and (ii) the payment is made to a person in the business of providing such services; (1.42) on behalf of the patient who has a physical impairment, for the cost of voice recognition software, if the patient has been certified in writing by a medical practitioner to be a person who, because of that impairment, requires that software; (1.43) on behalf of the patient who is blind or has a severe learning disability, for reading services, if (i) the patient has been certified in writing by a medical practitioner to be a person who, because of that impairment, requires such services, and (ii) the payment is made to a person in the business of providing such services; (1.44) on behalf of the patient who is blind and profoundly deaf, for deaf-blind intervening services, if the payment is made to a person in the business of providing those services; (1.5) for reasonable moving expenses (within the meaning of subsection 62(3), but not including any expense deducted under section 62 for any taxation year) of the patient, who lacks normal physical development or has a severe and prolonged mobility impairment, incurred for the purpose of the patient’s move to a dwelling that is more accessible by the patient or in which the patient is more mobile or functional, if the total of the expenses claimed under this paragraph by all persons in respect of the move does not exceed $2,000; (1.6) for reasonable expenses relating to alterations to the driveway of the principal place of residence of the patient who has a severe and prolonged mobility impairment, to facilitate the patient’s access to a bus; (1.7) for a van that, at the time of its acquisition or within 6 months after that time, has been adapted for the transportation of the patient who requires the use of a wheelchair, to the extent of the lesser of $5,000 and 20% of the amount by which (i) the amount paid for the acquisition of the van exceeds (ii) the portion, if any, of the amount referred to in subparagraph (i) that is included because of paragraph (m) in computing the individual’s deduction under this section for any taxation year; (1.8) for reasonable expenses (other than amounts paid to a person who was at the time of the payment the individual’s spouse or common-law partner or a person under 18 years of age) to train the individual, or a person related to the individual, if the training relates to the mental or physical infirmity of a person who (i) is related to the individual, and (ii) is a member of the individual’s household or is dependent on the individual for support; (1.9) as remuneration for therapy provided to the patient because of the patient’s severe and prolonged impairment, if (i) because of the patient’s impairment, an amount may be deducted under section 118.3 in computing a taxpayer’s tax payable under this Part for the taxation year in which the remuneration is paid, (ii) the therapy is prescribed by, and administered under the general supervision of, (A) a medical doctor, a nurse practitioner or a psychologist, in the case of mental impairment, and (B) a medical doctor, a nurse practitioner or an occupational therapist, in the case of a physical impairment, (iii) at the time the remuneration is paid, the payee is neither the individual’s spouse or common-law partner nor under 18 years of age, and (iv) each receipt filed with the Minister to prove payment of the remuneration was issued by the payee and contains, where the payee is an individual, that individual’s Social Insurance Number; (1.91) as remuneration for tutoring services that are rendered to, and are supplementary to the primary education of, the patient who (i) has a learning disability or a mental impairment, and (ii) has been certified in writing by a medical practitioner to be a person who, because of that disability or impairment, requires those services, if the payment is made to a person ordinarily engaged in the business of providing such services to individuals who are not related to the payee; (1.92) as remuneration for the design of an individualized therapy plan for the patient because of the patient’s severe and prolonged impairment, if (i) because of the patient’s impairment, an amount would be, if this Act were read without reference to paragraph 118.3(1)(c), deductible under section 118.3 in computing a taxpayer’s tax payable under this Part for the taxation year in which the remuneration is paid, (ii) the plan is required to access public funding for specialized therapy or is prescribed by (A) a medical doctor, a nurse practitioner or a psychologist, in the case of mental impairment, (B) a medical doctor, a nurse practitioner or an occupational therapist, in the case of a physical impairment, (iii) the therapy set out in the plan is prescribed by and, if undertaken, administered under the general supervision of (A) a medical doctor, a nurse practitioner or a psychologist, in the case of mental impairment, or (B) a medical doctor, a nurse practitioner or an occupational therapist, in the case of a physical impairment, and (iv) the payment is made to a person ordinarily engaged in a business that includes the design of such plans for individuals who are not related to the payee; (m) for any device or equipment for use by the patient that (i) is of a prescribed kind, (ii) is prescribed by a medical practitioner, (iii) is not described in any other paragraph of this subsection, and (iv) meets such conditions as are prescribed as to its use or the reason for its acquisition; to the extent that the amount so paid does not exceed the amount, if any, prescribed in respect of the device or equipment; (i) drugs, medicaments or other preparations or substances (other than those described in paragraph (k)) (A) that are manufactured, sold or represented for use in the diagnosis, treatment or prevention of a disease, disorder or abnormal physical state, or its symptoms, or in restoring, correcting or modifying an organic function, (B) that can lawfully be acquired for use by the patient only if prescribed by a medical practitioner or dentist, and (C) the purchase of which is recorded by a pharmacist, or (ii) drugs, medicaments or other preparations or substances that are prescribed by regulation; (o) for laboratory, radiological or other diagnostic procedures or services together with necessary interpretations, for maintaining health, preventing disease or assisting in the diagnosis or treatment of any injury, illness or disability, for the patient as prescribed by a medical practitioner or dentist; (p) to a person authorized under the laws of a province to carry on the business of a dental mechanic, for the making or repairing of an upper or lower denture, or for the taking of impressions, bite registrations and insertions in respect of the making, producing, constructing and furnishing of an upper or lower denture, for the patient; (q) as a premium, contribution or other consideration under a private health services plan in respect of one or more of the individual, the individual’s spouse or common-law partner and any member of the individual’s household with whom the individual is connected by blood relationship, marriage, common-law partnership or adoption, except to the extent that the premium, contribution or consideration is deducted under subsection 20.01(1) in computing an individual’s income from a business for any taxation year; (r) on behalf of the patient who has celiac disease, the incremental cost of acquiring gluten-free food products, as compared to the cost of comparable nongluten-free food products, if the patient has been certified in writing by a medical practitioner to be a person who, because of that disease, requires a gluten-free diet; (s) for drugs obtained under Health Canada’s Special Access Programme in accordance with sections C.08.010 and C.08.011 of the Food and Drug Regulations and purchased for use by the patient; (t) for medical devices obtained under Health Canada’s Special Access Programme in accordance with Part 2 of the Medical Devices Regulations and purchased for use by the patient; (u) on behalf of the patient who is the holder of a medical document (as defined in subsection 264(1) of the Cannabis Regulations) to support their use of cannabis for medical purposes, for the cost of cannabis, cannabis oil, cannabis plant seeds or cannabis products purchased for medical purposes from a holder of a licence for sale (as defined in subsection 264(1) of the Cannabis Regulations); or (v) to a fertility clinic, or donor bank, in Canada as a fee or other amount paid or payable, to obtain sperm, ova or embryos to enable the conception of a child by the individual, the individual’s spouse or common-law partner or a surrogate mother on behalf of the individual. Cosmetic purposes (2.1) The medical expenses referred to in subsection (2) do not include amounts paid for medical or dental services, nor any related expenses, provided purely for cosmetic purposes, unless necessary for medical or reconstructive purposes. Fertility expenses (2.2) An amount is deemed to be a medical expense of an individual for the purposes of this section if the amount (a) is paid for the purpose of a patient (within the meaning of subsection (2)) conceiving a child; and (b) would be a medical expense of the individual (within the meaning of subsection (2)) if the patient were incapable of conceiving a child because of a medical condition. Surrogacy expenses (2.21) An amount is deemed to be a medical expense of an individual for the purposes of this section if the amount (a) is paid by the individual or the individual’s spouse or common-law partner; (b) is (i) an expenditure described under any of sections 2 to 4 of the Reimbursement Related to Assisted Human Reproduction Regulations, or (ii) paid in respect of a surrogate mother or donor and would be an expenditure described in subparagraph (i) if it was paid to the surrogate mother or donor; (c) would be a medical expense of the individual (within the meaning of subsection (2)) if the amount was paid in respect of a good or service provided to the individual or the individual’s spouse or common-law partner; (e) is paid for the purpose of the individual becoming a parent. Deemed medical expense (a) any amount included in computing an individual’s income for a taxation year from an office or employment in respect of a medical expense described in subsection (2) paid or provided by an employer at a particular time shall be deemed to be a medical expense paid by the individual at that time; and (b) there shall not be included as a medical expense of an individual any expense to the extent that (ii) the person referred to in subsection (2) as the patient, (iii) any person related to a person referred to in subparagraph (i) or (ii), or (iv) the legal representative of any person referred to in any of subparagraphs (i) to (iii) is entitled to be reimbursed for the expense, except to the extent that the amount of the reimbursement is required to be included in computing income and is not deductible in computing taxable income. Deemed payment of medical expenses
b) la société issue de la fusion de plusieurs autres sociétés est réputée être la même société que chacune des autres sociétés et en être la continuation; c) en cas de liquidation d’une société à laquelle s’applique le paragraphe 88(1), la société mère est réputée être la même société que la filiale et en être la continuation; d) le produit de disposition est déterminé compte tenu : (i) ni du sous-alinéa j)(i) de la définition de produit de disposition à l’article 54, (ii) ni de l’article 93; e) malgré les autres dispositions de la présente loi, lorsqu’une personne non-résidente dispose d’un bien au cours d’une année d’imposition et que le gain ou la perte provenant de la disposition n’est pas inclus dans le calcul de son revenu imposable gagné au Canada pour l’année, elle est réputée avoir disposé du bien pour un produit de disposition inférieur à sa juste valeur marchande si le gain ou la perte ainsi calculé est constaté aux fins de cette législation; f) toute augmentation sensible de la participation directe totale dans une société qui, en l’absence du présent alinéa, serait visée au sous-alinéa (3)a)(ii) est réputée ne pas être visée à ce sous-alinéa si elle résulte de l’émission d’actions du capital-actions de la société effectuée uniquement en contrepartie d’argent et que les actions ont été rachetées, acquises ou annulées par la société avant la réception du dividende; g) toute disposition de biens qui, en l’absence du présent alinéa, serait visée au sous-alinéa (3)a)(i) ou toute augmentation sensible de la participation directe totale dans une société qui, en l’absence du présent alinéa, serait visée au sous-alinéa (3)a)(ii) est réputée ne pas être visée à ces sous-alinéas si, à la fois : (i) le payeur de dividende était lié au bénéficiaire de dividende immédiatement avant la réception du dividende, (ii) le payeur de dividende n’a pas cessé d’être lié au bénéficiaire de dividende lors de la série d’opérations ou d’événements qui comprend la réception du dividende, Income Tax PART I Income Tax DIVISION B Computation of Income
Where, in circumstances in which a person engaged in the business of providing transportation services is not readily available, an individual makes use of a vehicle for a purpose described in paragraph (2)(g), the individual or the individual’s legal representative shall be deemed to have paid to a person engaged in the business of providing transportation services, in respect of the operation of the vehicle, such amount as is reasonable in the circumstances. (a) an individual has one or more severe and prolonged impairments in physical or mental functions, (a.1) the effects of the impairment or impairments are such that the individual’s ability to perform more than one basic activity of daily living is significantly restricted where the cumulative effect of those restrictions is equivalent to having a marked restriction in the ability to perform a basic activity of daily living or are such that the individual’s ability to perform a basic activity of daily living is markedly restricted or would be markedly restricted but for therapy that (ii) is required to be administered at least two times each week for a total duration averaging not less than 14 hours a week, and (iii) cannot reasonably be expected to be of significant benefit to persons who are not so impaired, (a.2) in the case of an impairment in physical or mental functions the effects of which are such that the individual's ability to perform a single basic activity of daily living is markedly restricted or would be so restricted but for therapy referred to in paragraph (a.1), a medical practitioner has certified in prescribed form that the impairment is a severe and prolonged impairment in physical or mental functions the effects of which are such that the individual's ability to perform a basic activity of daily living is markedly restricted or would be markedly restricted, but for therapy referred to in paragraph (a.1), where the medical practitioner is a medical doctor, a nurse practitioner or, in the case of (ii) a speech impairment, a speech-language pathologist, (iv) an impairment with respect to an individual’s ability in feeding or dressing themself, an occupational therapist, (v) an impairment with respect to an individual’s ability in walking, an occupational therapist, or after February 22, 2005, a physiotherapist, and (vi) an impairment with respect to an individual’s ability in mental functions necessary for everyday life, a psychologist, (a.3) in the case of one or more impairments in physical or mental functions the effects of which are such that the individual’s ability to perform more than one basic activity of daily living is significantly restricted, a medical practitioner has certified in prescribed form that the impairment or impairments are severe and prolonged impairments in physical or mental functions the effects of which are such that the individual’s ability to perform more than one basic activity of daily living is significantly restricted and that the cumulative effect of those restrictions is equivalent to having a marked restriction in the ability to perform a single basic activity of daily living, where the medical practitioner is, in the case of (i) an impairment with respect to the individual’s ability in feeding or dressing themself, or in walking, a medical doctor, a nurse practitioner or an occupational therapist, and (ii) in the case of any other impairment, a medical doctor or nurse practitioner, (b) the individual has filed for a taxation year with the Minister the certificate described in paragraph (a.2) or (a.3), and (c) no amount in respect of remuneration for an attendant or care in a nursing home, in respect of the individual, is included in calculating a deduction under section 118.2 (otherwise than because of paragraph 118.2(2)(b.1)) for the year by the individual or by any other person, there may be deducted in computing the individual’s tax payable under this Part for the year the amount determined by the formula A is the appropriate percentage for the year, B is $6,000, and (a) where the individual has not attained the age of 18 years before the end of the year, the amount, if any, by which (ii) the amount, if any, by which (A) the total of all amounts each of which is an amount paid in the year for the care or supervision of the individual and included in computing a deduction under section 63, 64 or 118.2 for a taxation year (B) $2,050, and Time spent on therapy (1.1) For the purpose of paragraph 118.3(1)(a.1), in determining whether therapy is required to be administered at least two times each week for a total duration averaging not less than an average of 14 hours a week, the time spent on administering therapy (a) includes only time spent on activities that require the individual to take time away from normal everyday activities in order to receive the therapy; (b) in the case of therapy that requires (i) a regular dosage of medication that is required to be adjusted on a daily basis, includes time spent on activities that are directly related to the determination of the dosage of the medication, and (ii) the daily consumption of a medical food or medical formula to limit intake of a particular compound to levels required for the proper development or functioning of the body, includes the time spent on activities that are directly related to the determination of the amount of the compound that can be safely consumed; (c) in the case of (i) a child who is unable to perform the activities related to the administration of the therapy as a result of the child’s age, includes the time spent by another person to perform or supervise those activities for the child, and (ii) an individual who is unable to perform the activities related to the administration of the therapy because of the effects of an impairment or impairments in physical or mental functions, includes the time required to be spent by another person to assist the individual in performing those activities; and (d) does not include time spent on (i) activities (other than activities described in paragraph (b)) related to dietary or exercise restrictions or regimes, (iii) medical appointments (other than medical appointments to receive therapy or to determine the daily dosage of medication, medical food or medical formula), (iv) shopping for medication, or (v) recuperation after therapy (other than medically required recuperation). (1.2) Despite subsection (1.1), an individual who is diagnosed with type 1 diabetes mellitus is deemed to require therapy to be administered at least two times each week for a total duration averaging not less than 14 hours a week. Dependant having impairment (a) an individual has, in respect of a person (other than a person in respect of whom the person’s spouse or common-law partner deducts for a taxation year an amount under section 118 or 118.8) who is resident in Canada at any time in the year and who is entitled to deduct an amount under subsection (1) for the year, (i) claimed for the year a deduction under subsection 118(1) because of (A) paragraph (b) of the description of B in that subsection, or (ii) could have claimed for the year a deduction referred to in subparagraph (i) in respect of the person if (A) the person had no income for the year and had attained the age of 18 years before the end of the year, and (B) in the case of a deduction referred to in clause (i)(A), the individual were not married or not in a common-law partnership, and (b) no amount in respect of remuneration for an attendant, or care in a nursing home, because of that person’s mental or physical impairment, is included in calculating a deduction under section 118.2 (otherwise than under paragraph 118.2(2)(b.1)) for the year by the individual or by any other person, there may be deducted, for the purpose of computing the tax payable under this Part by the individual for the year, the amount, if any, by which (c) the amount deductible under subsection 118.3(1) in computing that person’s tax payable under this Part for the year (d) the amount of that person’s tax payable under this Part for the year computed before any deductions under this Division (other than under sections 118 to 118.07 and 118.7). Partial dependency
Distribution by a specified corporation Where paragraph (3)(b) not applicable Impôt sur le revenu
Where more than one individual is entitled to deduct an amount under subsection 118.3(2) for a taxation year in respect of the same person, the total of all amounts so deductible for the year shall not exceed the maximum amount that would be deductible under that subsection for the year by an individual in respect of that person if that individual were the only individual entitled to deduct an amount under that subsection in respect of that person, and where the individuals cannot agree as to what portion of the amount each can deduct, the Minister may fix the portions. Additional information
Where a claim under this section or under section 118.8 is made in respect of an individual’s impairment (a) if the Minister requests in writing information with respect to the individual’s impairment, its effects on the individual and, where applicable, the therapy referred to in paragraph (1)(a.1) that is required to be administered, from any person referred to in subsection (1) or (2) or section 118.8 in connection with such a claim, that person shall provide the information so requested to the Minister in writing; and (b) if the information referred to in paragraph (a) is provided by a person referred to in paragraph (1)(a.2) or (a.3), the information so provided is deemed to be included in a certificate in prescribed form.
(a) an impairment is prolonged where it has lasted, or can reasonably be expected to last, for a continuous period of at least 12 months; (b) an individual’s ability to perform a basic activity of daily living is markedly restricted only where all or substantially all of the time, even with therapy and the use of appropriate devices and medication, the individual is blind or is unable (or requires an inordinate amount of time) to perform a basic activity of daily living; (b.1) an individual is considered to have the equivalent of a marked restriction in a basic activity of daily living only where all or substantially all of the time, even with therapy and the use of appropriate devices and medication, the individual’s ability to perform more than one basic activity of daily living (including for this purpose, the ability to see) is significantly restricted, and the cumulative effect of those restrictions is tantamount to the individual’s ability to perform a basic activity of daily living being markedly restricted; (c) a basic activity of daily living in relation to an individual means (iii) speaking so as to be understood, in a quiet setting, by another person familiar with the individual, (iv) hearing so as to understand, in a quiet setting, another person familiar with the individual, (c.1) mental functions necessary for everyday life include (i) attention, (vi) problem solving, (d) for greater certainty, no other activity, including working, housekeeping or a social or recreational activity, shall be considered as a basic activity of daily living; and (e) feeding oneself does not include (i) any of the activities of identifying, finding, shopping for or otherwise procuring food, or (ii) the activity of preparing food to the extent that the time associated with the activity would not have been necessary in the absence of a dietary restriction or regime; and (f) dressing oneself does not include any of the activities of identifying, finding, shopping for or otherwise procuring clothing. Reference to medical practitioners, etc.
For the purposes of sections 63, 64, 118.2, 118.3 and 118.6, a reference to an audiologist, dentist, medical doctor, medical practitioner, nurse, nurse practitioner, occupational therapist, optometrist, pharmacist, physiotherapist, psychologist or speech-language pathologist is a reference to a person authorized to practise as such, (a) where the reference is used in respect of a service rendered to a taxpayer, pursuant to the laws of the jurisdiction in which the service is rendered; (b) where the reference is used in respect of a certificate issued by the person in respect of a taxpayer, pursuant to the laws of the jurisdiction in which the taxpayer resides or of a province; and (c) where the reference is used in respect of a prescription issued by the person for property to be provided to or for the use of a taxpayer, pursuant to the laws of the jurisdiction in which the taxpayer resides, of a province or of the jurisdiction in which the property is provided. Tuition credit
(iii) la disposition ou l’augmentation s’est produite avant la réception du dividende, (iv) la disposition ou l’augmentation a fait suite à la disposition d’actions au profit d’une société donnée ou à l’acquisition d’actions d’une telle société, (v) au moment de la réception du dividende, l’ensemble des actions du capital-actions du bénéficiaire du dividende et du payeur de dividende appartenaient à la société donnée, à une société qui contrôle ou qui est contrôlée ou à plusieurs de celles-ci; h) toute liquidation d’une filiale à cent pour cent à laquelle le paragraphe 88(1) s’applique ou toute fusion, à laquelle le paragraphe 87(1) s’applique, d’une société mère avec une ou plusieurs filiales à cent pour cent est réputée ne pas donner lieu à une augmentation sensible de la participation directe totale, ou du total des participations directes, dans une ou les filiales, selon le cas. Attribution par une société déterminée (3.02) Pour l’application de la définition de attribution au paragraphe (1), lorsque le transfert visé à cette définition est effectué par une société déterminée à un acquéreur visé à la définition de société déterminée au paragraphe (1), les modifications suivantes sont apportées à la définition de attribution: a) le passage « de chaque type de bien » est remplacé par « des biens »; b) le passage « des biens de ce type » est remplacé par « des biens ». Inapplication de l’alinéa (3)b) (3.1) Malgré le paragraphe (3), un dividende auquel le paragraphe (2) s’appliquerait, n’était l’alinéa (3)b), n’est pas exclu de l’application du paragraphe (2) si, selon le cas: a) en prévision d’une attribution (sauf celle effectuée par une société déterminée) faite dans le cadre de la réorganisation au cours de laquelle le dividende été reçu et avant pareille attribution, un bien est devenu celui de la société de répartition, d’une société qu’elle contrôle ou d’une société remplacée par l’une ou l’autre de ces sociétés, autrement que par suite d’un des événements suivants: (i) la fusion de sociétés dont chacune était liée à la société cédante, (ii) la fusion de la société cédante et d’une ou plusieurs (ii) la fusion d’une société remplacée par la société cédante et d’une ou plusieurs sociétés contrôlées par cette société remplacée, (iii) une réorganisation dans le cadre de laquelle a été reçu un dividende auquel le paragraphe (2) s’appliquerait n’eût été l’alinéa (3)b), (iv) une disposition de biens effectuée par l’une des sociétés suivantes : (A) la société cédante, une société qu’elle contrôle ou une société remplacée par l’une ou l’autre de ces sociétés, en faveur d’une société contrôlée par la société cédante ou par une société remplacée par celle-ci, (B) une société contrôlée par la société cédante, ou par une société remplacée par celle-ci, en faveur de la société cédante ou de la société remplacée, selon le cas, (C) la société cédante, une société qu’elle contrôle ou une société remplacée par l’une ou l’autre de ces sociétés, pour une contrepartie constituée uniquement d’argent et d’autres biens, soit d’argent et de telles dettes; b) le dividende a été reçu dans le cadre d’une série d’opérations ou d’événements par lesquels, selon le cas : (i) une personne ou une société de personnes (appelées « vendeur » au présent sous-alinéa) a disposé d’un bien, les conditions suivantes étant réunies : (A) il s’agit de l’un des biens suivants : (I) une action du capital-actions d’une société cédante qui a effectué une attribution dans le cadre de la série ou d’une société cessionnaire quant à cette société cédante, (II) un bien dont au moins 10 % de la juste valeur marchande est attribuable, au cours de la série, à une ou plusieurs actions visées à la subdivision (I), (B) le vendeur, sauf une personne admissible par rapport à l’attribution, a été, au cours de la série, un actionnaire déterminé de la société cédante ou de la société cessionnaire, (C) le bien, ou tout bien de remplacement acquis par une personne ou une société de personnes (sauf un bien reçu par la société cessionnaire lors (i) was acquired, as part of the series of transactions or events that includes the receipt of the dividend, by a person (other than the transferee de l’attribution), a été acquis — dans des circonstances autres que lors d’une acquisition, d’un échange ou d’un rachat autorisés relativement à l’attribution — soit par une société cessionnaire, soit par une personne autre que le vendeur qui n’était pas liée à celui-ci ou qui, dans le cadre de la série, a cessé d’être liée à celui-ci, (ii) le contrôle d’une société cédante qui a effectué une attribution dans le cadre de la série ou d’une société cessionnaire quant à celle-ci a été acquis, autrement que par suite d’une acquisition, d’un échange ou d’un rachat autorisés relativement à l’attribution, par une personne ou un groupe de personnes, (iii) en prévision d’une attribution par une société cédante, une action du capital-actions de la société cédante a été acquise, dans des circonstances autres que lors d’une acquisition ou d’un échange autorisés relativement à l’attribution ou lors de la fusion de deux ou plusieurs sociétés remplacées par la société cédante, par (A) soit par une société cessionnaire quant à la société cédante ou par une personne ou une société de personnes avec laquelle la société cessionnaire n’avait aucun lien de dépendance, auprès d’une personne à laquelle l’acquéreur n’était pas lié ou d’une société de personnes, (B) soit par une personne ou un membre d’un groupe de personnes qui a acquis le contrôle de la société cédante dans le cadre de la série, (C) soit par une société de personnes dont une des participations est détenue, directement ou indirectement par l’intermédiaire d’une ou plusieurs sociétés de personnes, par une personne visée à la division (B), (D) soit par une personne ou une société de personnes avec laquelle une personne visée à la division (B) ou une société de personnes qui est visée à la division (C) n’avait aucun lien de dépendance; c) le dividende a été reçu par une société cessionnaire d’une société cédante qui, immédiatement après la réorganisation dans le cadre de laquelle une attribution a été effectuée et le dividende reçu, n’est pas liée à la société cessionnaire et le total des montants représentant chacun la juste valeur marchande, au moment de l’acquisition, d’un bien qui répond aux conditions suivantes représente plus de 10 % de la juste valeur marchande, au moment de l’attribution, des biens, sauf de l’argent et des dettes qui ne sont pas convertibles en d’autres biens, reçus par la société cessionnaire lors de l’attribution : Income Tax PART I Income Tax DIVISION B Computation of Income
(a) subject to subsection (1.1), where the individual was during the year a student enrolled at an educational institution in Canada that is (i) a university, college or other educational institution providing courses at a post-secondary school level, or (ii) certified by the Minister of Employment and Social Development to be an educational institution providing courses, other than courses designed for university credit, that furnish a person with skills for, or improve a person’s skills in, an occupation, an amount equal to the product obtained when the appropriate percentage for the year is multiplied by the amount of any fees for the individual’s tuition paid in respect of the year to the educational institution, except to the extent that those fees (ii.1) are paid to an educational institution described in subparagraph (i) in respect of courses that are not at the post-secondary school level, if (A) the individual had not attained the age of 16 years before the end of the year, or (B) the purpose of the individual’s enrolment at the institution cannot reasonably be regarded as being to provide the individual with skills, or to improve the individual’s skills, in an occupation, (ii.2) are paid to an educational institution described in subparagraph (ii) if (A) the individual had not attained the age of 16 years before the end of the year, or (B) the purpose of the individual’s enrolment at the institution cannot reasonably be regarded as being to provide the individual with skills, or to improve the individual’s skills, in an occupation, (iii) are paid on behalf of, or reimbursed to, the individual by the individual’s employer and the amount paid or reimbursed is not included in the individual’s income, (iii.1) are fees in respect of which the individual is or was entitled to receive a reimbursement or any form of assistance under a program of Her Majesty in right of Canada or a province designed to facilitate the entry or re-entry of workers into the labour force, where the amount of the reimbursement or assistance is not included in computing the individual’s income, (iv) were included as part of an allowance received by the individual’s parent on the individual’s behalf from an employer and are not included in computing the income of the parent by reason of subparagraph 6(1)(b)(ix), or (v) are paid on the individual’s behalf, or are fees in respect of which the individual is or was entitled to receive a reimbursement, under a program of Her Majesty in right of Canada designed to assist athletes, where the payment or reimbursement is not included in computing the individual’s income; (b) where the individual was during the year a student in full-time attendance at a university outside Canada in a course leading to a degree, an amount equal to the product obtained when the appropriate percentage for the year is multiplied by the amount of any fees for the individual’s tuition paid in respect of the year to the university, except any such fees (i) paid in respect of a course of less than three consecutive weeks duration, (ii) paid on the individual’s behalf by the individual’s employer to the extent that the amount of the fees is not included in computing the individual’s income, or (iii) paid on the individual’s behalf by the employer of the individual’s parent, to the extent that the amount of the fees is not included in computing the income of the parent by reason of subparagraph 6(1)(b)(ix); and (c) where the individual resided throughout the year in Canada near the boundary between Canada and the United States if the individual (i) was at any time in the year a student enrolled at an educational institution in the United States that is a university, college or other educational institution providing courses at a post-secondary school level, and (ii) commuted to that educational institution in the United States, an amount equal to the product obtained when the appropriate percentage for the year is multiplied by the amount of any fees for the individual’s tuition paid in respect of the year to the educational institution if those fees exceeds $100, except to the extent that those fees (iii) are paid on the individual’s behalf by the individual’s employer and are not included in computing the individual’s income, or (iv) were included as part of an allowance received by the individual’s parent on the individual’s behalf from an employer and are not included in computing the income of the parent by reason of subparagraph 6(1)(b)(ix); and (d) subject to subsection (1.1), if the individual has taken an examination (in this section referred to as an “occupational, trade or professional examination”) in the year that is required to obtain a professional status recognized under a federal or provincial statute, or to be licensed or certified as a tradesperson, where that status, licence or certification allows the individual to practise the profession or trade in Canada, an amount equal to the product obtained when the appropriate percentage for the year is multiplied by the amount of any fees paid in respect of the occupational, trade or professional examination to an educational institution referred to in paragraph (a), a professional association, a provincial ministry or other similar institution, except to the extent that the occupational, trade or professional examination fees (i) are paid on behalf of, or reimbursed to, the individual by the individual’s employer and the amount paid or reimbursed is not included in the individual’s income, or (ii) are fees in respect of which the individual is or was entitled to receive a reimbursement or any form of assistance under a program of Her Majesty in right of Canada or a province designed to facilitate the entry or re-entry of workers into the labour force, where the amount of the reimbursement or assistance is not included in computing the individual’s income. (1.1) No amount may be deducted for a taxation year by an individual under paragraph (1)(a) or (d) in respect of any fees paid to a particular institution unless the total of the fees described in those paragraphs and paid to the particular institution in the year by the individual exceeds $100. Canada training credit reduction (1.2) The amount that may be deducted for a taxation year by an individual under subsection (1) is to be reduced by the amount determined by the formula A is the appropriate percentage for the taxation year; and B is the amount, if any, deemed to have been paid by the individual under subsection 122.91(1) in respect of the taxation year. Application to deemed residents
Impôt sur le revenu
Where an individual is deemed by section 250 to be resident in Canada throughout all or part of a taxation year, in applying subsection (1) in respect of the individual for the period when the individual is so deemed to be resident in Canada, paragraph (1)(a) shall be read without reference to the words “in Canada”. Inclusion of ancillary fees and charges
For the purpose of this section, fees for an individual’s tuition includes ancillary fees and charges that are paid (b) in respect of the individual’s enrolment at the institution in a program at a post-secondary school level, but does not include (c) any fee or charge to the extent that it is levied in respect of (i) a student association, (ii) property to be acquired by students, (iii) services not ordinarily provided at educational institutions in Canada that offer courses at a post-secondary school level, (iv) the provision of financial assistance to students, except to the extent that, if this Act were read without reference to subsection 56(3), the amount of the assistance would be required to be included in computing the income, and not be deductible in computing the taxable income, of the students to whom the assistance is provided, or (v) the construction, renovation or maintenance of any building or any facility, except to the extent that (v) the construction, renovation or maintenance of any building or facility, except to the extent that the building or facility is owned by the institution and used to provide (A) courses at the post-secondary school level, or (B) services for which, if fees or charges in respect of the services were required to be paid by all students of the institution, the fees or charges would be included because of this subsection in the fees for an individual’s tuition, and (d) any fee or charge for a taxation year that, but for this paragraph, would be included because of this subsection in the fees for the individual’s tuition and that is not required to be paid by (i) all of the institution’s full-time students, where the individual is a full-time student at the institution, and (ii) all of the institution’s part-time students, where the individual is a part-time student at the institution, to the extent that the total for the year of all such fees and charges paid in respect of the individual’s enrolment at the institution exceeds $250. Ancillary fees and charges for examinations
For the purpose of this section, fees paid in respect of the occupational, trade or professional examination of an individual includes ancillary fees and charges, other than fees and charges included in subsection (3), that are paid to an educational institution referred to in subparagraph (1)(a)(ii), a professional association, a provincial ministry or other similar institution, in respect of an occupation, trade or professional examination taken by the individual, but does not include any fee or charge to the extent that it is levied in respect of (a) property to be acquired by an individual; (b) the provision of financial assistance to an individual, except to the extent that, if this Act were read without reference to subsection 56(3), the financial assistance would be required to be included in computing the income, and would not be deductible in computing the taxable income, of the individual; (c) the construction, renovation or maintenance of any building or facility; or (d) any fee or charge for a taxation year that, in the absence of this paragraph, would be included because of this subsection in the fees in respect of the occupational, trade or professional examination of the individual and that is not required to be paid. (d) any fee or charge for a taxation year that, but for this paragraph, would be included because of this subsection in the fees for the individual’s occupational, trade or professional examination and that is not required to be paid by all the individuals taking the occupational, trade or professional examination to the extent that the total for the year of all such fees and charges paid in respect of the individual’s fees for the occupational, trade or professional examination exceeds $250.
designated educational institution means (a) an educational institution in Canada that is (i) a university, college or other educational institution designated by the lieutenant governor in council of a province as a specified educational institution under the Canada Student Financial Assistance Act, or designated by an appropriate authority under the Canada Student Financial Assistance Act, or designated, for the purposes of An Act respecting financial assistance for education expenses, R.S.Q., c. A-13.3, by the Minister of the Province of Quebec responsible for the administration of that Act, or (ii) certified by the Minister of Employment and Social Development to be an educational institution providing courses, other than courses designed for university credit, that furnish a person with skills for, or improve a person’s skills in, an occupation, (b) a university outside Canada at which the individual referred to in the definition qualifying student in this subsection was enrolled in a course, of not less than three consecutive weeks duration, leading to a degree, or (c) if the individual referred to in the definition qualifying student in this subsection resided, throughout the year referred to in that definition, in Canada near the boundary between Canada and the United States, an educational institution in the United States to which the individual commuted that is a university, college or other educational institution providing courses at a post-secondary school level; (établissement d’enseignement agréé) qualifying educational program means a program of not less than three consecutive weeks duration that provides that each student taking the program spend not less than 10 hours per week on courses or work in the program and, in respect of a program at an institution described in the definition designated educational institution (other than an institution described in subparagraph (a)(ii) of that definition), that is a program that does not consist primarily of research (unless the program leads to a diploma from a college or a Collège d’enseignement général et professionnel, or a bachelor, masters, doctoral or equivalent degree) but, in relation to any particular student, does not include a program the student receives, from a person with whom the student is dealing at arm’s length, any allowance, benefit, grant or reimbursement for expenses in respect of the program other than (a) an amount received by the student as or on account of a scholarship, fellowship or bursary, or a prize for achievement in a field of endeavour ordinarily carried on by the student, (b) a benefit, if any, received by the student because of a loan made to the student in accordance with the requirements of the Canada Student Loans Act, the Apprentice Loans Act or An Act respecting financial assistance for education expenses, R.S.Q., c. A-13.3, or because of financial assistance given to the student in accordance with the requirements of the Canada Student Financial Assistance Act, or (c) an amount that is received by the student in the year under a program referred to in subparagraph 56(1)(r)(iii) or (iii), a program established under the authority of the Department of Employment and Social Development Act or a prescribed program; (programme de formation admissible) qualifying student, for a month in a taxation year, means an individual who, (i) is enrolled in a qualifying educational program as a full-time student at a designated educational institution, or (ii) is not described in subparagraph (i) and is enrolled at a designated educational institution in a specified educational program that provides that each student in the program spend not less than 12 hours in the month on courses in the program, (b) if requested by the Minister, proves the enrolment by filing with the Minister a certificate in prescribed form issued by the designated educational institution and containing prescribed information, (c) in the case of an individual who is enrolled in a program (other than a program at the post-secondary school level) at a designated educational institution described in subparagraph (a)(i) of the definition designated educational institution or who is enrolled in a program at a designated educational institution described in subparagraph (a)(ii) of that definition, (i) has attained the age of 16 years before the end of the year, and (ii) is enrolled in the program to obtain skills for, or improve the individual’s skills in, an occupation, (d) in the case of an individual who is enrolled at a designated educational institution described in paragraph (c) of the definition designated educational institution, is enrolled in a program that is at the post-secondary level; (étudiant admissible) specified educational program means a program that would be a qualifying educational program if the definition qualifying educational program were read without reference to the words “that provides that each student taking the program spend not less than 10 hours per week on courses or work in the program”. (programme de formation déterminé) Students eligible for disability tax credit
(i) le bien a été acquis, dans le cadre de la série d’opérations ou d’événements qui comprend la réception du dividende, soit par une personne (sauf la société cessionnaire) qui n’était pas liée à la société cessionnaire ou qui, dans le cadre de la série, a cessé d’être liée à celle-ci, soit par une société de personnes, autrement que, selon le cas : (A) par suite d’une disposition effectuée, selon le cas : (i) dans le cours normal des activités d’une entreprise, (ii) avant l’attribution pour une contrepartie constituée uniquement d’argent, de dettes non convertibles en d’autres biens ou d’une combinaison des deux, (B) lors d’une acquisition autorisée relativement à une attribution, (C) par suite de la fusion de sociétés qui étaient liées les unes aux autres immédiatement avant la fusion, (ii) il s’agit d’un bien (autre que l’argent, une dette qui n’est pas convertible en un autre bien, une action du capital-actions de la société cessionnaire ou un bien dont plus de 10 % de la juste valeur marchande est attribuable à une ou plusieurs de ces actions), selon le cas : (A) que la société cessionnaire a reçu lors de l’attribution, (B) dont plus de 10 % de la juste valeur marchande est attribuable, après l’attribution et avant la fin de la série, à un bien (sauf de l’argent et des dettes qui ne sont pas convertibles en d’autres biens) visé aux divisions (A) ou (C), (C) auquel la juste valeur marchande d’un bien visé à la division (A) est attribuable en tout ou en partie au cours de la série; d) le dividende a été reçu par une société cédante qui, immédiatement après la réorganisation dans le cadre de laquelle une attribution a été effectuée et le dividende reçu, n’est pas liée à la société cessionnaire qui a versé le dividende et le total des montants représentant la juste valeur marchande, au moment de l’acquisition, d’un bien qui répond aux conditions suivantes représente plus de 10 % de la juste valeur marchande, au moment de l’attribution, des biens, sauf de l’argent et des dettes qui ne sont pas convertibles en Interpretation of paragraph (3.1)(b) (3.2) For the purpose of paragraph 55(3.1)(b), d’autres biens, appartenant à la société cédante immédiatement avant ce moment et dont elle n’a pas disposé lors de l’attribution : (i) le bien a été acquis, dans le cadre de la série d’opérations ou d’événements qui comprend la réception du dividende, soit par une personne (sauf la société cédante) qui n’était pas liée à la société cédante ou qui, dans le cadre de la série, a cessé d’être liée à celle-ci, soit par une société de personnes, autrement que, selon le cas : (A) par suite d’une disposition effectuée, selon le cas : (I) dans le cours normal des activités d’une entreprise, (II) avant l’attribution pour une contrepartie constituée uniquement d’argent, de dettes non convertibles ou d’autres biens ou d’une combinaison des deux, (B) lors d’une acquisition autorisée relativement à une attribution, (C) au moyen d’une fusion de sociétés étroitement liées les unes aux autres immédiatement avant la fusion, (ii) il s’agit d’un bien (sauf de l’argent, une dette qui n’est pas convertible en d’autres biens, une action du capital-actions de la société cédante et un bien dont plus de 10 % de la juste valeur marchande est attribuable à une ou plusieurs de ces actions), selon le cas : (A) dont la société cédante était propriétaire immédiatement avant l’attribution et dont elle n’a pas disposé lors de celle-ci, (B) dont plus de 10 % de la juste valeur marchande est attribuable, après l’attribution et avant la fin de la série, à un bien (sauf de l’argent et des dettes qui ne sont pas convertibles en d’autres biens) visé aux divisions (A) ou (C), (C) auquel la juste valeur marchande d’un bien visé à la division (A) est attribuable en tout ou en partie au cours de la série. Application de l’alinéa (3.1)b (3.2) Les règles suivantes s’appliquent dans le cadre de l’alinéa (3.1)b : Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of subparagraph (a)(i) of the definition qualifying student in subsection (1), the reference to “full-time student” is to be read as “student” if (a) an amount may be deducted under section 118.3 in respect of the individual for the year; or (b) the individual has in the year a mental or physical impairment the effects of which on the individual have been certified in writing, to be such that the individual cannot reasonably be expected to be enrolled as a full-time student while so impaired, by a medical doctor, a nurse practitioner or, where the impairment is (i) an impairment of sight, by a medical doctor, a nurse practitioner or an optometrist, (i.1) a speech impairment, by a medical doctor, a nurse practitioner or a speech-language pathologist, (ii) a hearing impairment, by a medical doctor, a nurse practitioner or an audiologist, (iii) an impairment with respect to the individual’s ability in feeding or dressing themself, by a medical doctor, a nurse practitioner or an occupational therapist, (iv) an impairment with respect to the individual’s ability in walking, by a medical doctor, a nurse practitioner, an occupational therapist or a physiotherapist, or (v) an impairment with respect to the individual’s ability in mental functions necessary for everyday life (within the meaning assigned by paragraph 118.4(1)(c.1)), by a medical doctor, a nurse practitioner or a psychologist. Unused tuition, textbook and education tax credits
Interpretation of specified shareholder changed Specified shareholder exclusion Impôt sur le revenu
A is the amount determined under this subsection in respect of the individual at the end of the preceding taxation year; B is the total of all amounts each of which may be deducted under section 118.5 in computing the individual’s tax payable under this Part for the year; C is the lesser of the value of B and the amount that would be the individual’s tax payable under this Part for the year if no amount were deductible under this Division (other than an amount deductible under this section and any of sections 118 to 118.07, 118.3 and 118.7); D is the amount that the individual may deduct under subsection (2) for the year; and E is the tuition tax credit transferred for the year by the individual to the individual’s spouse, common-law partner, parent or grandparent.
For the purpose of computing an individual’s tax payable under this Part for a taxation year, there may be deducted the lesser of (a) the amount determined under subsection (1) in respect of the individual at the end of the preceding taxation year, and (b) the amount that would be the individual’s tax payable under this Part for the year if no amount were deductible under this Division (other than an amount deductible under this section and any of sections 118 to 118.07, 118.3 and 118.7).
For the purpose of determining the amount that may be deducted under subsection (2) in computing an individual’s tax payable for a taxation year, in circumstances where the appropriate percentage for the taxation year is different from the appropriate percentage for the preceding taxation year, the individual’s unused tuition, textbook and education tax credits at the end of the preceding taxation year is deemed to be the amount determined by the formula A is the appropriate percentage for the current taxation year; B is the appropriate percentage for the preceding taxation year; and C is the amount that would be the individual’s unused tuition, textbook and education tax credits at the end of the preceding taxation year if this section were read without reference to this subsection. Credit for interest on student loan
A is the appropriate percentage for the year; and B is the total of all amounts (other than any amount paid on account of or in satisfaction of a judgment) each of which is an amount of interest paid in the year (or in any of the five preceding taxation years that are after 1997, to the extent that it was not included in computing a deduction under this section for any other taxation year) by the individual or a person related to the individual on a loan made to, or other amount owing by, the individual under the Canada Student Loans Act, the Canada Student Financial Assistance Act, the Apprentice Loans Act or a law of a province governing the granting of financial assistance to students at the post-secondary school level. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1999, c. 22, s. 38; 2014, c. 39, s. 35. Credit for EI and QPIP premiums and CPP contributions
(ii) l’acquisition par un particulier d’une ou plusieurs actions dans le seul but d’être admissible à un poste d’administrateur; h) par rapport à une attribution, chaque société, sauf une personne admissible par rapport à l’attribution, qui est à la fois actionnaire et actionnaire déterminé de la société cédante au cours d’une série d’opérations ou d’événements dont une partie comprend l’attribution effectuée par la société cédante, est réputée être une société cessionnaire par rapport à la société cédante. Autre sens de actionnaire déterminé (3.3) Pour déterminer si une personne est un actionnaire déterminé d’une société pour l’application du sous-alinéa (3.1)b)(ii) et de l’alinéa (3.2)h), le passage de « ou toute autre société qui est liée à celle-ci » à la définition de actionnaire déterminé au paragraphe 248(1) est remplacé par « ou toute autre société qui est liée à celle-ci et qui a une participation directe ou indirecte importante dans des actions émises de son capital-actions ». Exclusion — actionnaire déterminé (3.4) Pour déterminer si une personne est un actionnaire déterminé d’une société pour l’application de la définition de personne admissible au paragraphe (1), du sous-alinéa (3.1)b)(ii) et de l’alinéa (3.2)h) dans la mesure où il s’applique au sous-alinéa (3.1)b)(iii), le passage de « au moins 10 % des actions émises d’une catégorie donnée du capital-actions de la société ou de toute autre société qui est liée à celle-ci » à la définition de actionnaire déterminé au paragraphe 248(1) est remplacé par « au moins 10 % des actions émises d’une catégorie donnée du capital-actions de la société, sauf des actions d’une catégorie exclue au sens du paragraphe 55(1), et de toute autre société qui est liée à cette société ». Fusion de sociétés liées (3.5) Pour l’application des alinéas (3.1)c) et d), la société issue de la fusion de plusieurs sociétés (chacune étant désignée « société remplacée » au présent paragraphe) qui étaient liées les unes aux autres immédiatement avant la fusion est réputée être la même société que chaque société remplacée et en être la continuation. Avoidance of subsection (2) exceeds exceeds V + W where exceeds X + Y where (A) la moitié du total de des montants représentant chacun un montant à inclure en application de l'alinéa 14(1)(b) dans le calcul du revenu de la société, relativement à une entreprise qu'elle exploite, pour une année d'imposition comprise dans la période et terminée après le 27 février 2000 et avant le 18 octobre 2000, sur le montant applicable suivant : (B) si la société a établi qu'une somme est devenue une créance irrécouvrable au cours d'une année d'imposition comprise dans la période et terminée après le 27 février 2000 et avant le 18 octobre 2000 et a déduit un montant au titre de cette somme en application du paragraphe 20(4.2), ou si elle a une perte en capital déductible pour une telle année par l'effet du paragraphe 20(4.3), le montant obtenu par la formule suivante : V + W où : V représente la moitié de la valeur de l'élément A de la formule figurant au paragraphe 20(4.2), déterminée relativement à la société pour la dernière année d'imposition semblable terminée dans la période, W le tiers de la valeur de l'élément B de cette formule, déterminée relativement à la société pour cette dernière année d'imposition, (C) dans les autres cas, zéro, (v) l'excédent éventuel du montant suivant : (A) le total des montants représentant chacun un montant à inclure en application de l'alinéa 14(1)(b) dans le calcul du revenu de la société, relativement à une entreprise qu'elle exploite, pour une année d'imposition comprise dans la période et se terminant après le 17 octobre 2000, sur le montant applicable suivant : (B) si la société a établi qu'une somme est devenue une créance irrécouvrable au cours d'une année d'imposition comprise dans la période et se terminant après le 17 octobre 2000 et a déduit un montant au titre de cette somme en application du paragraphe 20(4.2), ou si elle a une perte en capital déductible pour une telle année par l'effet du paragraphe 20(4.3), le montant obtenu par la formule suivante : X + Y où : X représente la valeur de l’élément A de la formule figurant au paragraphe 20(4.2), déterminée relativement à la société pour la dernière année d’imposition semblable terminée dans la période, Y le tiers de la valeur de l’élément B de cette formule, déterminée relativement à la société pour cette dernière année d’imposition, (C) dans les autres cas, zéro; c) le revenu gagné ou réalisé par une société pour une période tout au long de laquelle elle était une société privée est réputé être son revenu pour la période qui serait déterminé par ailleurs si aucun montant n’était déductible par elle en vertu de l’article 37.1 de la présente loi, dans sa version applicable aux années d’imposition s’étant terminées avant 1995, ou de l’alinéa 20(1)gg) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts revisés du Canada de 1952; d) le revenu gagné ou réalisé par une société (appelée « société affiliée » au présent alinéa) pour une période se terminant à une époque où elle était une société étrangère affiliée d’une autre société est réputé correspondre à la moins élevée des sommes suivantes : (i) la somme qui représenterait le solde du surplus libre d’impôt, au sens du paragraphe 5905(5.5) du Règlement de l’impôt sur le revenu, de la société affiliée relativement à l’autre société à ce moment si le règlement s’appliquait compte non tenu de son paragraphe 5905(5.6), (ii) la juste valeur marchande à ce moment de l’ensemble des actions émises et en circulation du capital-actions de la société affiliée; e) pour déterminer si des personnes sont liées entre elles, si une personne est un actionnaire déterminé d’une société et si le contrôle d’une société a été acquis par une personne ou un groupe de personnes, les règles suivantes s’appliquent : (i) des personnes réputées n’avoir entre elles aucun lien de dépendance et ne pas être liées entre elles si l’une est le frère ou la sœur de l’autre, sauf dans le cas où le dividende est reçu ou payé, dans le cadre d’une opération, d’un événement ou d’une série d’opérations ou d’événements, par une société dont une action du capital-actions est une action admissible de petite entreprise ou une action du capital-actions d’une société agricole ou de pêche familiale au sens du paragraphe 110.6(1), --- (ii) dans le cas où une personne est liée, à un moment donné, à chaque bénéficiaire, autre qu’un organisme de bienfaisance enregistré, d’une fiducie qui a ou peut avoir droit, pour une raison autre que le décès d’un autre bénéficiaire de la fiducie, à une part du revenu ou du capital de la fiducie, la personne et la fiducie sont réputées être liées entre elles à ce moment; et, à cette fin, une personne est réputée être liée à elle-même, (iii) une fiducie et une personne ne sont réputées être liées entre elles que si elles sont réputées, par l’alinéa (3.2)d) ou le sous-alinéa (5)e)(ii), être ainsi liées ou si la personne est une société contrôlée par la fiducie, (iv) il n’est pas tenu compte du paragraphe 251(3) ni de l’alinéa 251(5)b); f) sauf si le paragraphe (2.3) s’applique, les règles ci-après s’appliquent si une société a reçu un dividende dont une partie est un dividende imposable (cette partie étant appelée partie imposable au présent alinéa) dans le cadre d’une opération ou d’un événement ou d’une série d’opérations ou d’événements : (i) une fraction du dividende est réputée être un dividende imposable distinct égal au moins élevé des montants suivants : (A) la partie imposable, (B) le montant du revenu gagné ou réalisé par une société — après 1971 et avant le moment de détermination du revenu protégé quant à l’opération, à l’événement ou à la série — qui serait raisonnable de considérer comme contribuant au gain en capital qui aurait été réalisé lors d’une disposition à la juste valeur marchande, effectuée immédiatement avant le dividende, de l’action sur laquelle le dividende a été reçu, (ii) le montant de l’excédent de la partie imposable sur la fraction mentionnée au sous-alinéa (i) est réputé être un dividende imposable distinct. Action réputée cotée
A is the appropriate percentage for the year; and B is the total of (a) the total of all amounts each of which is an amount payable by the individual as an employee’s premium or a self-employment premium for the year under the Employment Insurance Act, not exceeding the maximum amount of such premiums payable by the individual for the year under that Act, (a.1) the total of all amounts each of which is an amount payable by the individual as an employee’s premium for the year under the Act respecting parental insurance, R.S.Q., c. A-29.011, not exceeding the maximum amount of such premiums payable by the individual for the year under that Act, (a.2) the amount, if any, by which the total of all amounts each of which is an amount payable by the individual in respect of self-employed earnings for the year as a premium under the Act respecting parental insurance, R.S.Q., c. A-29.011, (not exceeding the maximum amount of such premiums payable by the individual for the year under that Act) exceeds the amount deductible under paragraph 60(e) in computing the individual’s income for the year, (b) the total of all amounts each of which is an amount payable by the individual for the year as an employee’s contribution under subsection 8(1) of the Canada Pension Plan or as a like contribution under a provincial pension plan, as defined in section 3 of that Act, not exceeding the maximum amount of such contributions payable by the individual for the year under the plan, and (c) the amount by which (i) the total of all amounts each of which is an amount payable by the individual in respect of self-employed earnings for the year as a contribution under the Canada Pension Plan or under a provincial pension plan within the meaning assigned by section 3 of that Act (not exceeding the maximum amount of such contributions payable by the individual for the year under the plan) (ii) the amount deductible under paragraph 60(e) in computing the individual’s income for the year. Transfer of unused credits to spouse or common-law partner
Une action (appelée « action de réorganisation » au présent paragraphe) est réputée, pour l’application du paragraphe 116(6) et de la définition de bien canadien imposable au paragraphe 248(1), être inscrite à la cote d’une bourse de valeurs désignée si les conditions ci-après sont réunies : a) un dividende, auquel le paragraphe (2) ne s’applique pas en raison de l’alinéa (3)b), est reçu dans le cadre d’une réorganisation; (d) the new share is listed on a designated stock exchange. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 55; 1994, c. 21, s. 24; 1995, c. 3, s. 16; 1998, c. 19, s. 96; 2001, c. 17, s. 38; 2013, c. 34, ss. 62, 193; c. 40, s. 24; 2016, c. 7, s. 8; 2021, c. 21, s. 1. SUBDIVISION D Pension benefits, unemployment insurance benefits, etc. Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION D Other Sources of Income
A is the tuition tax credit transferred for the year by the spouse or common-law partner to the individual; B is the total of all amounts each of which is deductible under subsection 118(1), because of paragraph (b.1) of the description of B in that subsection, or subsection 118(2) or (3) or 118.3(1) in computing the spouse or common-law partner’s tax payable for the year; spouse’s or common-law partner’s tax payable under this Part for the year; and C is the amount, if any, by which (a) the amount that would be the spouse’s or common-law partner’s tax payable under this Part for the year if no amount were deductible under this Division (other than an amount deductible under subsection 118(1) because of paragraph (c) of the description of B in that subsection, under subsection 118(10) or under any of sections 118.01 to 118.07, 118.3, 118.61 and 118.7) (i) the total of all amounts that may be deducted under section 118.5 in computing the spouse’s or common-law partner’s tax payable under this Part for the year, and (ii) the amount that would be the spouse’s or common-law partner’s tax payable under this Part for the year if no amount were deductible under this Division (other than an amount deductible under any of sections 118.01 to 118.07, 118.3, 118.61 and 118.7). Tuition tax credit transferred
(C) the amount of any payment out of or under a specified pension plan, and (iii) a death benefit, Impôt sur le revenu
(a) the amount determined by the formula A is the lesser of (i) the total of all amounts that may be deducted under section 118.5 in computing the person’s tax payable under this Part for the year, and (ii) the amount determined by the formula C is the appropriate percentage for the taxation year, and D is $5,000. B is the amount that would be the person’s tax payable under this Part for the year if no amount were deductible under this Division (other than an amount deductible under any of sections 118 to 118.07, 118.3, 118.61 and 118.7), and (b) the amount for the year that the person designates in writing for the purpose of section 118.8 or 118.9. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.]
(a) the amount deductible for the year under each such provision in respect of the part of the year that is not included in the period or periods referred to in paragraph 118.91(b) shall be computed as though such part were the whole taxation year; and (b) the individual shall be allowed only (i) such of the deductions permitted under subsections 118(3) and (10) and sections 118.01 to 118.2, 118.5, 118.62 and 118.7 as can reasonably be considered wholly applicable to the period or periods in the year throughout which the individual is resident in Canada, computed as though that period or those periods were the whole taxation year, and (ii) such part of the deductions permitted under sections 118 (other than subsections 118(3) and (10)), 118.3, 118.8 and 118.9 as can reasonably be considered applicable to the period or periods in the year throughout which the individual is resident in Canada, computed as though that period or those periods were the whole taxation year, except that the amount deductible for the year by the individual under each such provision shall not exceed the amount that would have been deductible under that provision had the individual been resident in Canada throughout the year.
(B) une prestation prévue par le Régime de pensions du Canada ou par un régime provincial de pensions au sens de l’article 3 de cette loi, (C) tout paiement versé dans le cadre d’un régime de pension déterminé, (C.1) tout paiement fait dans le cadre d’un mécanisme de retraite étranger prévu par la législation d’un pays, sauf dans la mesure où le paiement serait exclu du calcul du revenu du contribuable aux fins de l’impôt sur le revenu si ce pays s’il y résidait, à l’exclusion toutefois : (D) de la partie d’une prestation versée dans le cadre d’un régime de prestations aux employés qui doit être incluse dans le calcul du revenu du contribuable pour l’année en vertu de l’alinéa 6(1)g), comme non tenu du sous-alinéa 6(1)g)(ii), (E) de la partie d’un montant versé dans le cadre d’une convention de retraite qui doit être incluse dans le calcul du revenu du contribuable pour l’année en vertu de l’alinéa 56(1)x) ou z), (F) d’une prestation reçue en vertu de l’article 71 du Régime de pensions du Canada ou d’une disposition semblable d’un régime provincial de pensions au sens de l’article 3 de cette loi, (G) d’une somme reçue dans le cadre d’un régime de pension agréé en remboursement de tout ou partie d’une cotisation versée au régime, dans la mesure où cette somme, à la fois : (I) est un paiement effectué au contribuable en vertu du paragraphe 147.1(19) ou du sous-alinéa 8502d)(iii) du Règlement de l’impôt sur le revenu, (II) n’est pas déduite dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure, (ii) d’une allocation de retraite, sauf s’il s’agit d’un montant versé dans le cadre d’un régime de prestations aux employés, d’une convention de retraite ou d’une entente d’échelonnement du traitement, (iii) d’une prestation consécutive au décès, (iv) d’une prestation versée en vertu des parties I, VII.1, VIII ou VIII.1 de la Loi sur l’assurance-emploi, (vii) a benefit under the Act respecting parental insurance, R.S.Q., c. A-29.011, or Parents of victims of crime A - (B + C) where A B C (c) [Repealed, 1997, c. 25, s. 8] (c.1) [Repealed, 1994, c. 7, Sch. VIII, s. 17] Idem Disposition of income-averaging annuity contract Idem Supplementary unemployment benefit plan Registered retirement savings plan, etc. Lifelong learning plan Idem
Tax payable by non-residents (credits restricted)
d.2) toute somme reçue dans le cadre d’une rente, ou à titre de produit de disposition d’une rente, dont le versement, selon le cas : (i) était déductible dans le calcul du revenu du contribuable par l’effet de l’alinéa 60j) de la présente loi ou du paragraphe 146(5.5) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, (ii) a été fait dans les circonstances déterminées au paragraphe 146(21), (iii) a été faite dans le cadre d’un régime de participation différée aux bénéfices par un fiduciaire du régime en vue d’acheter la rente pour un bénéficiaire du régime; Disposition d’un contrat de rente à versements invariables f) toute somme réputée, selon le paragraphe 61.1(1), avoir été reçue par le contribuable au cours de l’année à titre de produit de la disposition d’un contrat de rente à versements invariables; Régime de prestations supplémentaires de chômage g) toutes sommes reçues d’un fiduciaire au cours de l’année par le contribuable, en vertu d’un régime de prestations supplémentaires de chômage et conformément à l’article 145; Régime enregistré d’épargne-retraite, etc. h) toutes sommes relatives à un régime enregistré d’épargne-retraite ou à un fonds enregistré de revenu de retraite et qui doivent, en vertu de l’article 146, être incluses dans le calcul du revenu du contribuable pour l’année; Régime d’accession à la propriété h.1) les sommes à inclure, en application de l’article 146.01, dans le calcul du revenu du contribuable pour l’année; Régime d’éducation permanente h.2) les sommes à inclure, en application de l’article 146.02, dans le calcul du revenu du contribuable pour l’année; Certain tools of an employee, re proceeds Idem Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION D Other Sources of Income
computing the individual’s taxable income earned in Canada for the year.
exceeds (iii) [Repealed, 2001, c. 17, s. 39] Apprenticeship grants Research grants Impôt sur le revenu
(a) such of the deductions as the individual is entitled to under any of subsections 118(3) and (10) and sections 118.01 to 118.2, 118.5, 118.6, 118.7 and 118.8, as can reasonably be considered wholly applicable to the taxation year, and (b) such part of the deductions as the individual is entitled to under any of sections 118 (other than subsections 118(3) and (10)), 118.3, 118.8 and 118.9 as can reasonably be considered applicable to the taxation year, except that the total of the amounts so deductible for all of those provisions shall not exceed the amount that would have been deductible under that provision in respect of the calendar year if the individual had not become bankrupt. Former resident — credit for tax paid
(a) that proportion of the individual’s tax for the year otherwise payable under this Part (within the meaning assigned by paragraph (a) of the definition tax for the year otherwise payable under this Part in subsection 126(7)) that (i) the individual’s taxable capital gain from the disposition of the property at the particular time is of (ii) the amount determined under paragraph 114(a) in respect of the individual for the year, and (b) that proportion of the individual’s tax payable under Part XIII in respect of dividends received during the period by the individual in respect of the property and amounts deemed under Part XIII to have been paid during the period to the individual as dividends from corporations resident in Canada, to the extent that the amounts can reasonably be considered to relate to the property, that (i) the amount by which the individual’s loss from the disposition of the property at the end of the period is reduced by subsection 40(3.7) is of (ii) the total amount of those dividends. Income not earned in a province
(a) the individual’s income for the year, other than the individual’s income earned in the year in a province, (b) the individual’s income for the year. Amount deemed paid in prescribed manner
Each individual is deemed to have paid, in prescribed manner and on prescribed dates, on account of the individual’s tax under this Part for a taxation year an amount that bears the same relation to 3% of the tax otherwise payable under this Part by the individual for the year that (a) the individual’s income earned in the year in a province that, on January 1, 1973, was a province providing schooling allowances within the meaning of the Youth Allowances Act, chapter Y-1 of the Revised Statutes of Canada, 1970, (b) the individual’s income for the year. Amount deemed paid (2.2) An individual is deemed to have paid on the last day of a taxation year, on account of the individual’s tax under this Part for the year, an amount equal to the individual’s income tax payable for the year to an Aboriginal government pursuant to a law of that government made in accordance with a tax sharing agreement between that government and the Government of Canada. Definition of the individual’s income for the year
se rapportant au règlement ou au partage de biens découlant du mariage ou de l’union de fait ou de son échec) payés pour recouvrer, relativement à un emploi, une allocation de retraite ou une prestation prévue par quelque caisse ou régime de pension (sauf une prestation prévue par le régime institué par le Régime de pensions du Canada ou un régime provincial de pensions, au sens de l’article 3 de cette loi) ou pour établir un droit à ceux-ci; Mauvaise créance recouvrée m) toute somme reçue par le contribuable, ou par une personne ayant un lien de dépendance avec lui, au cours de l’année au titre d’une créance pour laquelle une somme a été déduite, en application de l’alinéa 60f), dans le calcul du revenu du contribuable pour une année d’imposition antérieure; Bourses d’études, de perfectionnement, etc. n) l’excédent éventuel : (i) du total des sommes (à l’exclusion des sommes visées à l’alinéa q), des sommes reçues dans le cours des activités d’une entreprise et des sommes reçues au titre, dans l’occupation ou en vertu d’une charge ou d’un emploi) reçues par le contribuable au cours de l’année, chacune de ces sommes étant reçue par le contribuable à titre de bourse d’études, de bourse de perfectionnement (fellowship) ou de récompense couronnant une œuvre remarquable réalisée dans son domaine d’activité habituelle, à l’exclusion d’une récompense visée par règlement, sur : (ii) l’exemption pour bourses d’études du contribuable pour l’année, calculée selon le paragraphe (3); (iii) [Abrogé, 2001, ch. 17, art. 39] Subvention aux apprentis n.1) le total des sommes représentant chacune une somme reçue par le contribuable au cours de l’année dans le cadre du programme de la Subvention à l’achèvement de la formation d’apprenti administré par le ministère de l’Emploi et du Développement social; Subventions de recherches o) l’excédent éventuel de toute subvention reçue au cours de l’année par le contribuable pour la poursuite de recherches ou de tous travaux similaires sur le total des dépenses qu’il a engagées pendant l’année dans le but de poursuivre ces travaux, à l’exception : Financial assistance (B) [Repealed, 2022, c. 10, s. 407] (D.1) the Canada Worker Lockdown Benefit Act, or (i) des frais personnels ou de subsistance du contribuable, sauf ses frais de déplacement (y compris le montant entier dépensé pour ses repas et son logement) engagés par lui pendant qu’il vivait hors de chez lui occupé à poursuivre ces travaux, (ii) des dépenses qui lui ont été remboursées, (iii) des dépenses déductibles, comme il est prévu par ailleurs, dans le calcul de son revenu de l’année; Remboursement des bourses d’études ou de recherche et des subventions de recherche p) les sommes reçues par le contribuable d’un particulier au cours de l’année et qui ont été prévues à l’alinéa 60(p); Versements d’un régime d’épargne-études q) les sommes relatives à un régime enregistré d’épargne-études qui, en vertu de l’article 146.1, doivent être incluses dans le calcul du revenu du contribuable pour l’année; Paiements d’un régime enregistré d’épargne-invalidité q.1) les sommes relatives à un régime enregistré d’épargne-invalidité qui sont à inclure, en application de l’article 146.4, dans le calcul du revenu du contribuable pour l’année; Soutien financier r) les sommes reçues par le contribuable au cours de l’année : (i) soit à titre de supplément de revenu accordé dans le cadre d’un projet, parrainé par un gouvernement au Canada ou un organisme public canadien, visant à encourager les particuliers à accepter ou à conserver un emploi, (ii) soit à titre de soutien financier prévu par un programme établi par la Commission de l’assurance-emploi du Canada en vertu de la partie II de la Loi sur l’assurance-emploi, (iii) soit à titre de soutien financier prévu par un programme qui, à la fois : (A) est établi par un gouvernement ou un organisme public canadien ou par tout autre organisme, (B) [Abrogé, 2022, ch. 10, art. 407] (C) fait l’objet d’un accord conclu entre le gouvernement, l’organisme public ou l’organisme et la Commission de l’assurance-emploi du Canada par l’effet de l’article 63 de cette loi, (iv) soit à titre de soutien financier prévu par un programme établi par un gouvernement, ou un organisme public, au Canada qui prévoit des prestations de remplacement du revenu semblables à celles prévues par un programme établi en vertu de la Loi sur l’assurance-emploi, à l’exception des sommes visées au sous-alinéa (iv.1), (iv.1) soit à titre de soutien financier prévu par : (A) la Loi sur la prestation canadienne d’urgence, (B) la partie VIII.4 de la Loi sur l’assurance-emploi, (C) la Loi sur la prestation canadienne d’urgence pour étudiants, (D) la Loi sur les prestations canadiennes de relance économique, (D.1) la Loi sur la prestation canadienne pour les travailleurs en cas de confinement, (E) un programme établi par un gouvernement, ou un organisme public, d’une province, qui prévoit des prestations de remplacement du revenu semblables à celles prévues par un programme établi en vertu d’une loi visée à l’une des divisions (A) à (D), (v) soit à titre de sommes reçues par le contribuable au cours de l’année en vertu de la Loi sur le Programme de protection des salariés relativement à un salaire, au sens de cette loi; Subventions en vertu de programmes visés par règlement s) le montant de toute subvention versée en vertu d’un programme, visé par règlement, du gouvernement du Canada concernant l’isolation thermique des maisons ou la conversion énergétique qu’a reçu au cours de l’année : (i) soit le contribuable, si celui-ci n’est pas un contribuable marié ou vivant en union de fait qui résidait avec son époux ou conjoint de fait au moment où il a reçu la subvention et dont le revenu pour l’année est inférieur au revenu pour l’année de son époux ou conjoint de fait, (ii) soit le conjoint du contribuable, lorsque ce conjoint résidait avec lui au moment où il a reçu la Workers’ compensation Idem Idem Value of benefits Advanced life deferred annuity First home savings account Convention de retraite x) tout montant — y compris un remboursement de cotisations — versé dans le cadre d’une convention de retraite que le contribuable ou une autre personne reçoit au cours de l’année — à l’exception d’un montant qui doit être inclus dans le revenu de cette autre personne pour une année d’imposition en vertu de l’alinéa 12(1)n.3) — et qu’il est raisonnable de considérer comme se rapportant à une charge ou à un emploi du contribuable; Idem y) tout montant reçu ou devenu à recevoir au cours de l’année par le contribuable comme produit de disposition d’un droit sur une convention de retraite; Idem z) le total des montants — y compris les remboursements de cotisations — dont chacun représente un montant versé dans le cadre d’une convention de retraite que le contribuable reçoit au cours de l’année et qu’il est raisonnable de considérer comme se rapportant à une charge ou à un emploi du contribuable, sauf dans la mesure où le montant doit : (i) selon l’alinéa 12(1)n.3), être inclus dans le calcul du revenu du contribuable pour une année d’imposition, (ii) selon l’alinéa x) ou le paragraphe 70(2), être inclus dans le calcul du revenu pour l’année d’une autre personne que le contribuable, qui réside au Canada; Valeur des avantages z.1) la valeur des avantages qu’une personne reçoit au cours de l’année, et dont elle jouit, relativement à des ateliers, des colloques, des programmes de formation et des programmes de perfectionnement semblables, du fait qu’elle est membre d’un organisme agréé de services nationaux dans le domaine des arts; Fiducie de soins de santé au bénéfice d’employés z.2) le total des sommes dont chacune représente une somme reçue par le contribuable au cours de l’année et qui est à inclure dans le revenu en application du paragraphe 144.1(11), sauf dans la mesure où elle était à inclure, en application du paragraphe 70(2), dans le calcul du revenu pour l’année du contribuable ou d’une autre personne résidant au Canada; Régime de pension agréé collectif z.3) toute somme à inclure, en application de l’article 147.5, dans le calcul du revenu du contribuable pour Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION D Other Sources of Income
For the purpose of this section, the individual’s income for the year means (a) if section 114 applies to the individual in respect of the year, the amount determined under paragraph 114(a) in respect of the individual for the year; (b) if the individual was non-resident throughout the year, the individual’s taxable income earned in Canada for the year determined without reference to paragraphs 115(1)(d) to (f); (c) in the case of an individual who is a specified individual in relation to the year, the individual’s income for the year computed without reference to paragraph 20(1)(ww); and (d) in the case of a SIFT trust, the amount, if any, by which its income for the year determined without reference to this paragraph exceeds its taxable SIFT trust distributions (as defined in subsection 122(3)) for the year.
Impôt sur le revenu
In this section, tax otherwise payable under this Part by an individual for a taxation year means the total of (i) the individual’s minimum amount for the year determined under section 127.51, and (ii) the amount that, but for this section, would be the individual's tax payable under this Part for the year if this Part were read without reference to (A) subsection 117(2.1), section 119, subsection 120.4(2) and sections 126, 127, 127.4 and 127.41, and (B) where the individual is a specified individual in relation to the year, section 121 in its application to dividends included in computing the individual's split income for the year, and (b) where the individual is a specified individual in relation to the year, the amount, if any, by which (i) the highest individual percentage for the year multiplied by the individual's split income for the year (ii) the total of all amounts each of which is an amount that may be deducted under section 121 and that can reasonably be considered to be in respect of a dividend included in computing the individual's split income for the year.
(a) the portion of the total of the individual's additional taxes determined under subsection 120.2(3) for the 7 taxation years immediately preceding the particular year that was not deducted in computing the individual's tax payable under this Part for a taxation year preceding the particular year, and (b) the amount, if any, by which (i) the amount that, but for this section, section 120 and subsection 120.4(2), would be the individual’s tax payable under this Part for the particular year if the individual were not entitled to any deduction under section 126 Additional tax determined
For the purposes of subsection 120.2(1), additional tax of an individual for a taxation year is the amount, if any, by which exceeds the total of (b) the amount that, if this Act were read without reference to section 120, would be the individual’s tax payable under this Part for the year if the individual were not entitled to any deduction under section 126, and (c) that proportion of the amount, if any, by which (i) the individual’s special foreign tax credit for the year determined under section 127.54 (ii) the total of all amounts deductible under section 126 from the individual’s tax for the year (iii) the amount of the individual’s foreign taxes for the year within the meaning assigned by subsection 127.54(1) is of (iv) the amount that would be the individual’s foreign taxes for the year within the meaning assigned by subsection 127.54(1) if the definition foreign taxes in that subsection were read without reference to “2/3 of”. Where subsection (1) does not apply CPP/QPP disability benefits for previous years
(a) the amount that would have been the tax payable under this Part by the individual for a preceding taxation year if that portion of any amount not included in computing the individual’s income for the particular year under subsection 56(8) and that relates to the preceding year had been included in computing the individual’s income for the preceding year (b) the tax payable under this Part by the individual for the preceding year. [NOTE: The application provisions are not included in the consolidated text; see relevant amending Acts and regulations: 1994, c. 7, Sch. II, s. 98.]
l’année, à l’exclusion d’une somme distribuée dans le cadre d’un RPAC en remboursement de tout ou partie d’une cotisation versée au régime dans la mesure où la somme, à la fois : (i) est un remboursement visé à la division 147.5(3)d)(ii)(A) ou (B), (ii) n’est pas déduite dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure; Programme de dénonciateurs de l’inobservation fiscale z.4) toute somme que le contribuable reçoit au cours de l’année aux termes d’un contrat pour la fourniture de renseignements à l’Agence du revenu du Canada qu’il a conclu dans le cadre d’un programme administré par l’Agence du revenu du Canada en vue d’obtenir des renseignements concernant l’inobservation fiscale; Rente viagère différée à un âge avancé z.5) toute somme à inclure, en application de l’article 146.5, dans le calcul du revenu du contribuable pour l’année; z.6) toute somme à inclure, en application de l’article 146.6, dans le calcul du revenu du contribuable pour l’année. Application of s. 12.2(11) (1.1) The definitions in subsection 12.2(11) apply to paragraph 56(1)(d). Application du par. 12.2(11) (1.1) Les définitions figurant au paragraphe 12.2(11) s’appliquent à l’alinéa (1)d). Paiements indirects
Addition to tax payable
Tout paiement ou transfert de biens fait, suivant les instructions ou avec l’accord d’un contribuable, à une autre personne au profit du contribuable ou à titre d’avantage que le contribuable désirait voir conférer à l’autre personne — sauf la cession d’une partie d’une pension de retraite conformément à l’article 65.1 du Régime de pensions du Canada ou à une disposition comparable d’un régime provincial de pensions au sens de l’article 3 de cette loi — est inclus dans le calcul du revenu du contribuable dans la mesure où il le serait si ce paiement ou ce transfert avait été fait au contribuable. Exemption pour bourses d’études, bourses de perfectionnement (fellowships) ou récompenses
There shall be added in computing an individual’s tax payable under this Part for a particular taxation year the total of all amounts each of which is the amount, if any, by which (a) the individual’s notional tax payable for an eligible taxation year to which a specified portion of a qualifying amount received by the individual relates and in respect of which an amount is deducted under section 110.2 in computing the individual’s taxable income for the particular year (b) the individual’s tax payable under this Part for the eligible taxation year. Notional tax payable
Pour l’application du sous-alinéa (1)n)(ii), l’exemption pour bourses d’études d’un contribuable pour une année d’imposition est le total des sommes suivantes : Limitations of scholarship exemption a) le total des sommes représentant chacune la somme incluse en application du sous-alinéa (1)n)(i) dans le calcul du revenu du contribuable pour l’année au titre d’une bourse d’études ou d’une bourse de perfectionnement (fellowship) reçue relativement à son inscription : (i) soit à un programme d’études relativement auquel le contribuable est un étudiant admissible, au sens du paragraphe 118.6(1), au cours de l’année, de l’année d’imposition précédente ou de l’année d’imposition subséquente, (ii) soit à un programme d’études d’une école primaire ou secondaire; b) le total des sommes représentant chacune la moins élevée des sommes suivantes : (i) la somme incluse en application du sous-alinéa (1)n)(i) dans le calcul du revenu du contribuable pour l’année au titre d’une bourse d’études, d’une bourse de perfectionnement (fellowship) ou d’une récompense dont il doit se servir dans la production d’une œuvre littéraire, dramatique, musicale ou artistique, (ii) le total des sommes représentant chacune une dépense engagée par le contribuable au cours de l’année en vue de remplir les conditions aux termes desquelles la somme visée au sous-alinéa (i) a été reçue, à l’exception des dépenses suivantes : (A) ses frais personnels ou de subsistance, sauf ses frais de déplacement, de repas et de logement engagés en vue de remplir ces conditions, pendant qu’il était absent de son lieu de résidence habituel pour la période visée par la bourse d’études, la bourse de perfectionnement (fellowship) ou la récompense, (B) les dépenses qu’il peut se faire rembourser, (C) les dépenses déductibles par ailleurs dans le calcul de son revenu; c) 500 $ ou, s’il est moins élevé, l’excédent du total visé au sous-alinéa (1)n)(i) pour l’année sur le total des sommes déterminées selon les alinéas a) et b). Restrictions — exemption pour bourses d’études (3.1) Les règles ci-après s’appliquent au calcul du total visé à l’alinéa (3)a) pour une année d’imposition : a) une bourse d’études ou de perfectionnement (fellowship) (appelée « bourse » au présent paragraphe) (4.1) Where (iii) property substituted for property referred to in subparagraph 56(4.1)(b)(i) or 56(4.1)(b)(ii) (ii) une fiducie (appelée « fiducie créancière » au présent paragraphe) à laquelle un bien a été transféré, directement ou indirectement au moyen d’une fiducie ou autrement, par un autre particulier (sauf une fiducie), appelé « cédant initial » au présent paragraphe et ayant un lien de dépendance avec le particulier donné et résidait au Canada pendant la période au cours de laquelle le prêt ou la dette est impayé; b) d’autre part, il est raisonnable de considérer qu’un des principaux motifs pour lesquels le prêt a été consenti ou la dette contractée consiste à réduire ou à éviter l’impôt en faisant en sorte que soit inclus dans le revenu du particulier donné le revenu provenant d’un des biens suivants : (i) le bien prêté, (ii) le bien que le particulier donné, ou la fiducie dans laquelle il a un droit de bénéficiaire, a acquis grâce au prêt ou à la dette, (iii) le bien substitué à un de ces biens, les règles suivantes s’appliquent : c) le revenu du particulier donné pour une année d’imposition provenant du bien visé à l’alinéa b), qui se rapporte à une ou plusieurs périodes de l’année tout au long desquelles le créancier ou la fiducie créancière réside au Canada et a un lien de dépendance avec le particulier donné, est considéré : (i) en cas d’application du sous-alinéa a)(i), comme un revenu du créancier pour cette année et non du particulier donné, sauf dans la mesure où : (A) l’article 74.1 s’applique, ou s’appliquerait compte non tenu du paragraphe 74.5(3), à ce revenu, (B) le paragraphe 75(2) s’applique à ce revenu, (ii) en cas d’application du sous-alinéa a)(ii), comme un revenu de la fiducie créancière pour cette année et non du particulier donné, sauf dans la mesure où : (A) le sous-alinéa (i) s’applique à ce revenu, (B) l’article 74.1 s’applique, ou s’appliquerait compte non tenu du paragraphe 74.5(3), à ce revenu, (C) le paragraphe 75(2) s’applique à ce revenu autrement que par l’effet de l’alinéa d); (B) subsection 75(2) applies (A) subparagraph 56(4.1)(c)(i) applies, (C) subsection 75(2) applies (otherwise than because of paragraph 56(4.1)(d)) (d) where subsection 75(2) applies to any of the property referred to in paragraph 56(4.1)(b) and subparagraph 56(4.1)(c)(ii) applies to income from the property, subsection 75(2) applies after subparagraph 56(4.1)(c)(ii) is applied. Exception d) si le paragraphe 75(2) s’applique à un bien visé à l’alinéa b) et si le sous-alinéa c)(ii) s’applique au revenu tiré de ce bien, le paragraphe 75(2) est appliqué après le sous-alinéa c)(ii). Exception (4.2) Malgré les autres dispositions de la présente loi, le paragraphe 56(4.1) ne s’applique pas au revenu obtenu pour une année d’imposition si, à la fois : a) le prêt ou la dette porte intérêt à un taux égal ou supérieur au moins élevé des taux suivants : (i) le taux prescrit applicable au moment où le prêt est consenti ou la dette survient, (ii) le taux dont des parties n’ayant aucun lien de dépendance entre elles seraient convenues au moment où le prêt est consenti ou la dette survient, compte tenu des circonstances; b) les intérêts payables sur le prêt ou la dette pour l’année sont payés au plus tard 30 jours après la fin de l’année; c) les intérêts payables sur le prêt ou la dette pour chaque année d’imposition antérieure à l’année sont payés au plus tard 30 jours après la fin de cette année antérieure. Remboursement d’une dette (4.3) Pour l’application du paragraphe (4.1), dans le cas où, à un moment donné, un bien donné sert à rembourser tout ou partie d’un prêt ou d’une dette qui a permis à Child care benefit (a) the taxpayer, if
For the purpose of subsection (2), an individual’s notional tax payable for an eligible taxation year, calculated for the purpose of computing the individual’s tax payable under this Part for a taxation year (in this subsection referred to as “the year of receipt”) in which the individual received a qualifying amount, is the total of (a) the amount, if any, by which (i) the amount that would be the individual’s tax payable under this Part for the eligible taxation year if the total of all amounts, each of which is the specified portion, in relation to the eligible taxation year, of a qualifying amount received by the individual before the end of the year of receipt, were added in computing the individual’s taxable income for the eligible taxation year (ii) the total of all amounts each of which is an amount, in respect of a qualifying amount received by the individual before the year of receipt, that was included because of this paragraph in computing the individual’s notional tax payable for the eligible taxation year, and (b) if the eligible taxation year ended before the taxation year preceding the year of receipt, an amount equal to the amount that would be calculated as interest payable on the amount, if any, by which the amount determined under paragraph (a) in respect of the eligible taxation year exceeds the taxpayer’s tax payable under this Part for that year, if the amount that would be calculated as interest payable on that excess were calculated (i) for the period that began on May 1 of the year following the eligible taxation year and that ended immediately before the year of receipt, and (ii) at the prescribed rate that is applicable for the purpose of subsection 164(3) with respect to the period. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2000, c. 19, s. 30; 2013, c. 34, s. 255. Tax on Split Income
[Repealed, 1994, c. 7, Sch. VII, s. 1]
arm’s length capital, of a specified individual, means property of the individual if the property, or property for which it is a substitute, was not (a) acquired as income from, or a taxable capital gain or profit from the disposition of, another property that was derived directly or indirectly from a related business in respect of the specified individual; (b) borrowed by the specified individual under a loan or other indebtedness; or (c) transferred, directly or indirectly by any means whatever, to the specified individual from a person who was related to the specified individual (other than as a consequence of the death of a person). (capital indépendant) excluded amount, in respect of an individual for a taxation year, means an amount that is the individual’s income for the year from, or the individual’s taxable capital gain or profit for the year from the disposition of, a property to the extent that the amount (a) if the individual has not attained the age of 24 years before the year, is from a property that was acquired by, or for the benefit of, the individual as a consequence of the death of a person who is (ii) any person, if the individual is (A) enrolled as a full-time student during the year at a post-secondary educational institution (as defined in subsection 146.1(1)), or (B) an individual in respect of whom an amount may be deducted under section 118.3 in computing a taxpayer’s tax payable under this Part for the year; (b) is from a property acquired by the individual under a transfer described in subsection 160(4); (c) is a taxable capital gain that arises because of subsection 70(5); (d) is a taxable capital gain for the year from the disposition by the individual of property that is, at the time of the disposition, qualified farm or fishing property or qualified small business corporation shares (as those terms are defined in subsection 110.6(1)), unless the amount would be deemed to be a dividend under subsection 120.4(4) or (5) if this definition were read without reference to this paragraph; (e) if the individual has attained the age of 17 years before the year, is (i) not derived directly or indirectly from a related business in respect of the individual for the year, or (ii) derived directly or indirectly from an excluded business of the individual for the year; (f) if the individual has attained the age of 17 years but not the age of 24 years before the year, is (ii) a reasonable return in respect of the individual, having regard only to the contributions of arm’s length capital by the individual; or (g) if the individual has attained the age of 24 years before the year, is (i) income from, or a taxable capital gain from the disposition of, excluded shares of the individual, or (ii) a reasonable return in respect of the individual. excluded business, of a specified individual for a taxation year, means a business if the specified individual is actively engaged on a regular, continuous and substantial basis in the activities of the business in either (a) the taxation year, except in respect of an amount described in paragraph (e) of the definition split income; or (a) the following conditions are met: (i) less than 90% of the business income of the corporation for the last taxation year of the corporation that ends at or before that time (or, if no such taxation year exists, for the taxation year of the corporation that includes that time) was from the provision of services, and (ii) the corporation is not a professional corporation; (b) immediately before that time, the specified individual owns shares of the capital stock of the corporation that (i) give the holders thereof 10% or more of the votes that could be cast at an annual meeting of the shareholders of the corporation, and (ii) have a fair market value of 10% or more of the fair market value of all of the issued and outstanding shares of the capital stock of the corporation; and (c) all or substantially all of the income of the corporation for the relevant taxation year in subparagraph (a)(ii) is income that is not derived, directly or indirectly, from one or more related businesses in respect of the specified individual other than a business of the corporation. (actions exclues) reasonable return, in respect of a specified individual for a taxation year, means a particular amount derived directly or indirectly from a related business in respect of the specified individual that (a) would, if this subsection were read without reference to subparagraph (f)(ii) or (g)(ii) of the definition excluded amount, be an amount described in the definition split income in respect of the specified individual for the year; and (b) is reasonable having regard to the following factors relating to the relative contributions of the specified individual, and each source individual in respect of the specified individual, in respect of the related business: (i) the work they performed in support of the related business, (ii) the property they contributed, directly or indirectly, in support of the related business, (iii) the risks they assumed in respect of the related business, (iv) the total of all amounts that were paid or that became payable, directly or indirectly, by any person or partnership to, or for the benefit of, them in respect of the related business, and (v) such other factors as may be relevant. (rendement raisonnable) related business, in respect of a specified individual for a taxation year, means (a) a business carried on by (ii) a partnership, corporation or trust if a source individual in respect of the specified individual at any time in the year is actively engaged on a regular basis in the activities of the partnership, corporation or trust related to earning income from the business; (b) a business of a particular partnership, if a source individual in respect of the specified individual at any time in the year has an interest — including directly or indirectly — in the particular partnership; and (c) a business of a corporation, if the following conditions are met at any time in the year: (A) shares of the capital stock of the corporation, or (B) property that derives, directly or indirectly, all or part of its fair market value from shares of the capital stock of the corporation, and (ii) it is the case that A is the total fair market value of all of the issued and outstanding shares of the capital stock of the corporation, B is the total fair market value of property described in clause (i)(A), and C is the portion of the total fair market value of property described in clause (i)(B) that is derived from shares of the capital stock of the corporation. (entreprise liée) safe harbour capital return, of a specified individual for a taxation year, means an amount that does not exceed the amount determined by the formula A is the rate equal to the highest rate of interest prescribed under paragraph 4301(c) of the Income Tax Regulations in effect for a quarter in the year; and B is the total of all amounts each of which is determined by the formula C is the fair market value of property contributed by the specified individual in support of a related business at the time it was contributed, D is the number of days in the year that the property (or property substituted for it) is used in support of the related business and has not directly (or indirectly, in any manner whatever, been returned to the specified individual, and E is the number of days in the year. (rendement exonéré) source individual, in respect of a specified individual for a taxation year, means an individual (other than a trust) who, at any time in the year, is (a) resident in Canada; and (a) is resident in Canada (i) in the case where the individual dies in the year, immediately before the death, and (ii) in any other case, at the end of the year; and (b) if the individual has not attained the age of 17 years before the year, has a parent resident in Canada at any time in the year. (particulier déterminé) split income, of a specified individual for a taxation year, means the total of all amounts (other than excluded amounts) each of which is (a) an amount required to be included in computing the individual’s income for the year (i) in respect of taxable dividends received by the individual in respect of shares of the capital stock of a corporation (other than shares of a class listed on a designated stock exchange or shares of the capital stock of a mutual fund corporation), or (ii) because of the application of section 15 in respect of the ownership by any person of shares of the capital stock of a corporation (other than shares of a class listed on a designated stock exchange), (b) a portion of an amount included because of the application of paragraph 96(1)(f) in computing the individual's income for the year, to the extent that the portion (i) is not included in an amount described in paragraph (a), and (ii) can reasonably be considered to be income derived directly or indirectly from (A) one or more related businesses in respect of the individual for the year, or (B) the rental of property by a particular partnership or trust, if a person who is related to the individual at any time in the year (I) is actively engaged on a regular basis in the activities of the particular partnership or trust related to the rental property, or (II) in the case of a particular partnership, has an interest in the particular partnership directly or indirectly through one or more other partnerships, (c) a portion of an amount included because of the application of subsection 104(13) or 105(2) in respect of a trust (other than a mutual fund trust or a trust that is deemed to be in existence by subsection 143(1)) in computing the individual's income for the year, to the extent that the portion (i) is not included in an amount described in paragraph (a), and (ii) can reasonably be considered (A) to be in respect of taxable dividends received in respect of shares of the capital stock of a corporation (other than shares of a class listed on a designated stock exchange or shares of the capital stock of a mutual fund corporation), (B) to arise because of the application of section 15 in respect of the ownership by any person of shares of the capital stock of a corporation (other than shares of a class listed on a designated stock exchange), (C) to be income derived directly or indirectly from one or more related businesses in respect of the individual for the year, or (D) to be income derived from the rental of property by a particular partnership or trust, if a person who is related to the individual at any time in the year is actively engaged on a regular basis in the activities of the particular partnership or trust related to the rental of property, (d) an amount included in computing the individual’s income for the year to the extent that the amount is in respect of a debt obligation that (i) is of a corporation (other than a mutual fund corporation or a corporation shares of a class of the capital stock of which are listed on a designated stock exchange), partnership or trust (other than a mutual fund trust), and (ii) is not (A) described in paragraph (a) of the definition fully exempt interest in subsection 212(3), (B) listed or traded on a public market, or (C) a deposit, standing to the credit of the individual, (I) within the meaning assigned by the Canada Deposit Insurance Corporation Act, or (II) with a credit union or a branch in Canada of a bank, and (e) an amount in respect of a property, to the extent that (i) the amount (A) is a taxable capital gain, or a profit, of the individual for the year from the disposition after 2017 of the property, or (B) is included under subsection 104(13) or 105(2) in computing the individual’s income for the year and can reasonably be considered to be attributable to a taxable capital gain, or a profit, of any person or partnership for the year from the disposition after 2017 of the property, and (ii) the property is (A) a share of the capital stock of a corporation (other than a share of a class listed on a designated stock exchange or a share of the capital stock of a mutual fund corporation), or (B) a property in respect of which the following conditions are met: (I) the property is
Notwithstanding subsections (1) and (6), if (a) one or more amounts Meaning of income en vertu de l’article 4 de la Loi sur la prestation universelle pour la garde d’enfants comme étant le revenu de l’une ou l’autre des personnes suivantes : a) si le contribuable déduit pour l’année, en application de l’alinéa 118(1)b) de la Loi, une somme relative à un particulier, ce particulier; b) dans les autres cas, tout enfant qui est une personne à charge admissible, au sens de l’article 2 de la Loi sur la prestation universelle pour la garde d’enfants, du contribuable.
[Abrogé, 1994, ch. 7, ann VII, art. 1] Prestations du RPC/RRQ pour années antérieures
Malgré les paragraphes (1) et (6), dans le cas où une ou plusieurs sommes sont reçues par un particulier (sauf une fiducie) au cours d’une année d’imposition au titre ou en paiement intégral ou partiel d’une prestation prévue par le Régime de pensions du Canada ou par un régime provincial de pensions, au sens de l’article 3 de cette loi, dans les cas indiqués ci-après, la somme ou la partie de la somme qui se rapporte à une ou plusieurs années d’imposition antérieures, le particulier n’a pas à inclure cette partie dans son revenu, s’il en fait le choix : a) la somme ou les sommes seraient, n’était le présent paragraphe, incluses dans le calcul du revenu du particulier au titre du paragraphe (6); b) la partie de la somme ou des sommes, qui n’est pas inférieure à 300 $, se rapporte à une ou plusieurs années d’imposition antérieures. Revenu pour l’année
Pour l’application des alinéas (1)s) et (1)u), le revenu d’une personne pour l’année correspond au montant qui, sans ces alinéas, les alinéas 60v.1) et w) et l’article 63, constituerait son revenu pour l’année. Revenu (9.1) Pour l’application du paragraphe (6), le revenu d’une personne pour une année d’imposition correspond à la somme qui, en l’absence de ce paragraphe, des alinéas (1)s) et u) et 60v.1), w) et de l’article 63, constituerait son revenu pour l’année. Convention de retraite comme régime distinct
Dans le cas où une convention de retraite fait partie d’un régime ou mécanisme — appelé « régime » au présent paragraphe — en vertu duquel des montants ne se rapportant pas à la convention sont payables ou [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 56; 1994, c. 7, Sch. II, s. 132; 1998, c. 19, s. 88; 1998, c. 35, s. 11; 1999, c. 22, s. 6; 1999, c. 26, s. 16; 2001, c. 17, s. 187; 2001, c. 24, s. 9; 2004, c. 19, s. 97; 2005, c. 30, s. 12; 2006, c. 4, s. 92; 2007, c. 2, s. 37; 2008, c. 28, s. 9; 2009, c. 2, s. 42; 2009, c. 31, s. 7; 2010, c. 25, s. 6; 2011, c. 15, s. 6; 2014, c. 39, s. 12; 2016, c. 12, s. 4; 2016, c. 12, s. 6; 2016, c. 12, s. 9; 2016, c. 12, s. 10; 2016, c. 12, s. 11; 2016, c. 12, s. 14; 2016, c. 12, s. 15; 2016, c. 12, s. 16; 2016, c. 12, s. 17; 2016, c. 12, s. 18; 2016, c. 12, s. 19; 2016, c. 12, s. 20; 2016, c. 12, s. 21; 2016, c. 12, s. 22; 2016, c. 12, s. 23; 2016, c. 12, s. 24; 2016, c. 12, s. 25; 2016, c. 12, s. 26; 2016, c. 12, s. 27; 2016, c. 12, s. 28; 2016, c. 12, s. 29; 2016, c. 12, s. 30; 2016, c. 12, s. 31; 2016, c. 12, s. 32; 2016, c. 12, s. 33; 2016, c. 12, s. 34; 2016, c. 12, s. 35; 2016, c. 12, s. 36; 2016, c. 12, s. 37; 2016, c. 12, s. 38; 2016, c. 12, s. 39; 2016, c. 12, s. 40; 2016, c. 12, s. 41; 2016, c. 12, s. 42; 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2016, c. 12, s. 285; 2016, c. 12, s. 286; 2016, c. 12, s. 287; 2016, c. 12, s. 288; 2016, c. 12, s. 289; 2016, c. 12, s. 290; 2016, c. 12, s. 291; 2016, c. 12, s. 292; 2016, c. 12, s. 293; 2016, c. 12, s. 294; 2016, c. 12, s. 295; 2016, c. 12, s. 296; 2016, c. 12, s. 297; 2016, c. 12, s. 298; 2016, c. 12, s. 299; 2016, c. 12, s. 300; 2016, c. 12, s. 301; 2016, c. 12, s. 302; 2016, c. 12, s. 303; 2016, c. 12, s. 304; 2016, c. 12, s. 305; 2016, c. 12, s. 306; 2016, c. 12, s. 307; 2016, c. 12, s. 308; 2016, c. 12, s. 309; 2016, c. 12, s. 310; 2016, c. 12, s. 311; 2016, c. 12, s. 312; 2016, c. 12, s. 313; 2016, c. 12, s. 314; 2016, c. 12, s. 315; 2016, c. 12, s. 316; 2016, c. 12, s. 317; 2016, c. 12, s. 318; 2016, c. 12, s. 319; 2016, c. 12, s. 320; 2016, c. 12, s. 321; 2016, c. 12, s. 322; 2016, c. 12, s. 323; 2016, c. 12, s. 324; 2016, c. 12, s. 325; 2016, c. 12, s. 326; 2016, c. 12, s. 327; 2016, c. 12, s. 328; 2016, c. 12, s. 329; 2016, c. 12, s. 330; 2016, c. 12, s. 331; 2016, c. 12, s. 332; 2016, c. 12, s. 333; 2016, c. 12, s. 334; 2016, c. 12, s. 335; 2016, c. 12, s. 336; 2016, c. 12, s. 337; 2016, c. 12, s. 338; 2016, c. 12, s. 339; 2016, c. 12, s. 340; 2016, c. 12, s. 341; 2016, c. 12, s. 342; 2016, c. 12, s. 343; 2016, c. 12, s. 344; 2016, c. 12, s. 345; 2016, c. 12, s. 346; 2016, c. 12, s. 347; 2016, c. 12, s. 348; 2016, c. 12, s. 349; 2016, c. 12, s. 350; 2016, c. 12, s. 351; 2016, c. 12, s. 352; 2016, c. 12, s. 353; 2016, c. 12, s. 354; 2016, c. 12, s. 355; 2016, c. 12, s. 356; 2016, c. 12, s. 357; 2016, c. 12, s. 358; 2016, c. 12, s. 359; 2016, c. 12, s. 360; 2016, c. 12, s. 361; 2016, c. 12, s. 362; 2016, c. 12, s. 363; 2016, c. 12, s. 364; 2016, c. 12, s. 365; 2016, c. 12, s. 366; 2016, c. 12, s. 367; 2016, c. 12, s. 368; 2016, c. 12, s. 369; 2016, c. 12, s. 370; 2016, c. 12, s. 371; 2016, c. 12, s. 372; 2016, c. 12, s. 373; 2016, c. 12, s. 374; 2016, c. 12, s. 375; 2016, c. 12, s. 376; 2016, c. 12, s. 377; 2016, c. 12, s. 378; 2016, c. 12, s. 379; 2016, c. 12, s. 380; 2016, c. 12, s. 381; 2016, c. 12, s. 382; 2016, c. 12, s. 383; 2016, c. 12, s. 384; 2016, c. 12, s. 385; 2016, c. 12, s. 386; 2016, c. 12, s. 387; 2016, c. 12, s. 388; 2016, c. 12, s. 389; 2016, c. 12, s. 390; 2016, c. 12, s. 391; 2016, c. 12, s. 392; 2016, c. 12, s. 393; 2016, c. 12, s. 394; 2016, c. 12, s. 395; 2016, c. 12, s. 396; 2016, c. 12, s. 397; 2016, c. 12, s. 398; 2016, c. 12, s. 399; 2016, c. 12, s. 400; 2016, c. 12, s. 401; 2016, c. 12, s. 402; 2016, c. 12, s. 403; 2016, c. 12, s. 404; 2016, c. 12, s. 405; 2016, c. 12, s. 406; 2016, c. 12, s. 407; 2016, c. 12, s. 408; 2016, c. 12, s. 409; 2016, c. 12, s. 410; 2016, c. 12, s. 411; 2016, c. 12, s. 412; 2016, c. 12, s. 413; 2016, c. 12, s. 414; 2016, c. 12, s. 415; 2016, c. 12, s. 416; 2016, c. 12, s. 417; 2016, c. 12, s. 418; 2016, c. 12, s. 419; 2016, c. 12, s. 420; 2016, c. 12, s. 421; 2016, c. 12, s. 422; 2016, c. 12, s. 423; 2016, c. 12, s. 424; 2016, c. 12, s. 425; 2016, c. 12, s. 426; 2016, c. 12, s. 427; 2016, c. 12, s. 428; 2016, c. 12, s. 429; 2016, c. 12, s. 430; 2016, c. 12, s. 431; 2016, c. 12, s. 432; 2016, c. 12, s. 433; 2016, c. 12, s. 434; 2016, c. 12, s. 435; 2016, c. 12, s. 436; 2016, c. 12, s. 437; 2016, c. 12, s. 438; 2016, c. 12, s. 439; 2016, c. 12, s. 440; 2016, c. 12, s. 441; 2016, c. 12, s. 442; 2016, c. 12, s. 443; 2016, c. 12, s. 444; 2016, c. 12, s. 445; 2016, c. 12, s. 446; 2016, c. 12, s. 447; 2016, c. 12, s. 448; 2016, c. 12, s. 449; 2016, c. 12, s. 450; 2016, c. 12, s. 451; 2016, c. 12, s. 452; 2016, c. 12, s. 453; 2016, c. 12, s. 454; 2016, c. 12, s. 455; 2016, c. 12, s. 456; 2016, c. 12, s. 457; 2016, c. 12, s. 458; 2016, c. 12, s. 459; 2016, c. 12, s. 460; 2016, c. 12, s. 461; 2016, c. 12, s. 462; 2016, c. 12, s. 463; 2016, c. 12, s. 464; 2016, c. 12, s. 465; 2016, c. 12, s. 466; 2016, c. 12, s. 467; 2016, c. 12, s. 468; 2016, c. 12, s. 469; 2016, c. 12, s. 470; 2016, c. 12, s. 471; 2016, c. 12, s. 472; 2016, c. 12, s. 473; 2016, c. 12, s. 474; 2016, c. 12, s. 475; 2016, c. 12, s. 476; 2016, c. 12, s. 477; 2016, c. 12, s. 478; 2016, c. 12, s. 479; 2016, c. 12, s. 480; 2016, c. 12, s. 481; 2016, c. 12, s. 482; 2016, c. 12, s. 483; 2016, c. 12, s. 484; 2016, c. 12, s. 485; 2016, c. 12, s. 486; 2016, c. 12, s. 487; 2016, c. 12, s. 488; 2016, c. 12, s. 489; 2016, c. 12, s. 490; 2016, c. 12, s. 491; 2016, c. 12, s. 492; 2016, c. 12, s. 493; 2016, c. 12, s. 494; 2016, c. 12, s. 495; 2016, c. 12, s. 496; 2016, c. 12, s. 497; 2016, c. 12, s. 498; 2016, c. 12, s. 499; 2016, c. 12, s. 500; 2016, c. 12, s. 501; 2016, c. 12, s. 502; 2016, c. 12, s. 503; 2016, c. 12, s. 504; 2016, c. 12, s. 505; 2016, c. 12, s. 506; 2016, c. 12, s. 507; 2016, c. 12, s. 508; 2016, c. 12, s. 509; 2016, c. 12, s. 510; 2016, c. 12, s. 511; 2016, c. 12, s. 512; 2016, c. 12, s. 513; 2016, c. 12, s. 514; 2016, c. 12, s. 515; 2016, c. 12, s. 516; 2016, c. 12, s. 517; 2016, c. 12, s. 518; 2016, c. 12, s. 519; 2016, c. 12, s. 520; 2016, c. 12, s. 521; 2016, c. 12, s. 522; 2016, c. 12, s. 523; 2016, c. 12, s. 524; 2016, c. 12, s. 525; 2016, c. 12, s. 526; 2016, c. 12, s. 527; 2016, c. 12, s. 528; 2016, c. 12, s. 529; 2016, c. 12, s. 530; 2016, c. 12, s. 531; 2016, c. 12, s. 532; 2016, c. 12, s. 533; 2016, c. 12, s. 534; 2016, c. 12, s. 535; 2016, c. 12, s. 536; 2016, c. 12, s. 537; 2016, c. 12, s. 538; 2016, c. 12, s. 539; 2016, c. 12, s. 540; 2016, c. 12, s. 541; 2016, c. 12, s. 542; 2016, c. 12, s. 543; 2016, c. 12, s. 544; 2016, c. 12, s. 545; 2016, c. 12, s. 546; 2016, c. 12, s. 547; 2016, c. 12, s. 548; 2016, c. 12, s. 549; 2016, c. 12, s. 550; 2016, c. 12, s. 551; 2016, c. 12, s. 552; 2016, c. 12, s. 553; 2016, c. 12, s. 554; 2016, c. 12, s. 555; 2016, c. 12, s. 556; 2016, c. 12, s. 557; 2016, c. 12, s. 558; 2016, c. 12, s. 559; 2016, c. 12, s. 560; 2016, c. 12, s. 561; 2016, c. 12, s. 562; 2016, c. 12, s. 563; 2016, c. 12, s. 564; 2016, c. 12, s. 565; 2016, c. 12, s. 566; 2016, c. 12, s. 567; 2016, c. 12, s. 568; 2016, c. 12, s. 569; 2016, c. 12, s. 570; 2016, c. 12, s. 571; 2016, c. 12, s. 572; 2016, c. 12, s. 573; 2016, c. 12, s. 574; 2016, c. 12, s. 575; 2016, c. 12, s. 576; 2016, c. 12, s. 577; 2016, c. 12, s. 578; 2016, c. 12, s. 579; 2016, c. 12, s. 580; 2016, c. 12, s. 581; 2016, c. 12, s. 582; 2016, c. 12, s. 583; 2016, c. 12, s. 584; 2016, c. 12, s. 585; 2016, c. 12, s. 586; 2016, c. 12, s. 587; 2016, c. 12, s. 588; 2016, c. 12, s. 589; 2016, c. 12, s. 590; 2016, c. 12, s. 591; 2016, c. 12, s. 592; 2016, c. 12, s. 593; 2016, c. 12, s. 594; 2016, c. 12, s. 595; 2016, c. 12, s. 596; 2016, c. 12, s. 597; 2016, c. 12, s. 598; 2016, c. 12, s. 599; 2016, c. 12, s. 600; 2016, c. 12, s. 601; 2016, c. 12, s. 602; 2016, c. 12, s. 603; 2016, c. 12, s. 604; 2016, c. 12, s. 605; 2016, c. 12, s. 606; 2016, c. 12, s. 607; 2016, c. 12, s. 608; 2016, c. 12, s. 609; 2016, c. 12, s. 610; 2016, c. 12, s. 611; 2016, c. 12, s. 612; 2016, c. 12, s. 613; 2016, c. 12, s. 614; 2016, c. 12, s. 615; 2016, c. 12, s. 616; 2016, c. 12, s. 617; 2016, c. 12, s. 618; 2016, c. 12, s. 619; 2016, c. 12, s. 620; 2016, c. 12, s. 621; 2016, c. 12, s. 622; 2016, c. 12, s. 623; 2016, c. 12, s. 624; 2016, c. 12, s. 625; 2016, c. 12, s. 626; 2016, c. 12, s. 627; 2016, c. 12, s. 628; 2016, c. 12, s. 629; 2016, c. 12, s. 630; 2016, c. 12, s. 631; 2016, c. 12, s. 632; 2016, c. 12, s. 633; 2016, c. 12, s. 634; 2016, c. 12, s. 635; 2016, c. 12, s. 636; 2016, c. 12, s. 637; 2016, c. 12, s. 638; 2016, c. 12, s. 639; 2016, c. 12, s. 640; 2016, c. 12, s. 641; 2016, c. 12, s. 642; 2016, c. 12, s. 643; 2016, c. 12, s. 644; 2016, c. 12, s. 645; 2016, c. 12, s. 646; 2016, c. 12, s. 647; 2016, c. 12, s. 648; 2016, c. 12, s. 649; 2016, c. 12, s. 650; 2016, c. 12, s. 651; 2016, c. 12, s. 652; 2016, c. 12, s. 653; 2016, c. 12, s. 654; 2016, c. 12, s. 655; 2016, c. 12, s. 656; 2016, c. 12, s. 657; 2016, c. 12, s. 658; 2016, c. 12, s. 659; 2016, c. 12, s. 660; 2016, c. 12, s. 661; 2016, c. 12, s. 662; 2016, c. 12, s. 663; 2016, c. 12, s. 664; 2016, c. 12, s. 665; 2016, c. 12, s. 666; 2016, c. 12, s. 667; 2016, c. 12, s. 668; 2016, c. 12, s. 669; 2016, c. 12, s. 670; 2016, c. 12, s. 671; 2016, c. 12, s. 672; 2016, c. 12, s. 673; 2016, c. 12, s. 674; 2016, c. 12, s. 675; 2016, c. 12, s. 676; 2016, c. 12, s. 677; 2016, c. 12, s. 678; 2016, c. 12, s. 679; 2016, c. 12, s. 680; 2016, c. 12, s. 681; 2016, c. 12, s. 682; 2016, c. 12, s. 683; 2016, c. 12, s. 684; 2016, c. 12, s. 685; 2016, c. 12, s. 686; 2016, c. 12, s. 687; 2016, c. 12, s. 688; 2016, c. 12, s. 689; 2016, c. 12, s. 690; 2016, c. 12, s. 691; 2016, c. 12, s. 692; 2016, c. 12, s. 693; 2016, c. 12, s. 694; 2016, c. 12, s. 695; 2016, c. 12, s. 696; 2016, c. 12, s. 697; 2016, c. 12, s. 698; 2016, c. 12, s. 699; 2016, c. 12, s. 700; 2016, c. 12, s. 701; 2016, c. 12, s. 702; 2016, c. 12, s. 703; 2016, c. 12, s. 704; 2016, c. 12, s. 705; 2016, c. 12, s. 706; 2016, c. 12, s. 707; 2016, c. 12, s. 708; 2016, c. 12, s. 709; 2016, c. 12, s. 710; 2016, c. 12, s. 711; 2016, c. 12, s. 712; 2016, c. 12, s. 713; 2016, c. 12, s. 714; 2016, c. 12, s. 715; 2016, c. 12, s. 716; 2016, c. 12, s. 717; 2016, c. 12, s. 718; 2016, c. 12, s. 719; 2016, c. 12, s. 720; 2016, c. 12, s. 721; 2016, c. 12, s. 722; 2016, c. 12, s. 723; 2016, c. 12, s. 724; 2016, c. 12, s. 725; 2016, c. 12, s. 726; 2016, c. 12, s. 727; 2016, c. 12, s. 728; 2016, c. 12, s. 729; 2016, c. 12, s. 730; 2016, c. 12, s. 731; 2016, c. 12, s. 732; 2016, c. 12, s. 733; 2016, c. 12, s. 734; 2016, c. 12, s. 735; 2016, c. 12, s. 736; 2016, c. 12, s. 737; 2016, c. 12, s. 738; 2016, c. 12, s. 739; 2016, c. 12, s. 740; 2016, c. 12, s. 741; 2016, c. 12, s. 742; 2016, c. 12, s. 743; 2016, c. 12, s. 744; 2016, c. 12, s. 745; 2016, c. 12, s. 746; 2016, c. 12, s. 747; 2016, c. 12, s. 748; 2016, c. 12, s. 749; 2016, c. 12, s. 750; 2016, c. 12, s. 751; 2016, c. 12, s. 752; 2016, c. 12, s. 753; 2016, c. 12, s. 754; 2016, c. 12, s. 755; 2016, c. 12, s. 756; 2016, c. 12, s. 757; 2016, c. 12, s. 758; 2016, c. 12, s. 759; 2016, c. 12, s. 760; 2016, c. 12, s. 761; 2016, c. 12, s. 762; 2016, c. 12, s. 763; 2016, c. 12, s. 764; 2016, c. 12, s. 765; 2016, c. 12, s. 766; 2016, c. 12, s. 767; 2016, c. 12, s. 768; 2016, c. 12, s. 769; 2016, c. 12, s. 770; 2016, c. 12, s. 771; 2016, c. 12, s. 772; 2016, c. 12, s. 773; 2016, c. 12, s. 774; 2016, c. 12, s. 775; 2016, c. 12, s. 776; 2016, c. 12, s. 777; 2016, c. 12, s. 778; 2016, c. 12, s. 779; 2016, c. 12, s. 780; 2016, c. 12, s. 781; 2016, c. 12, s. 782; 2016, c. 12, s. 783; 2016, c. 12, s. 784; 2016, c. 12, s. 785; 2016, c. 12, s. 786; 2016, c. 12, s. 787; 2016, c. 12, s. 788; 2016, c. 12, s. 789; 2016, c. 12, s. 790; 2016, c. 12, s. 791; 2016, c. 12, s. 792; 2016, c. 12, s. 793; 2016, c. 12, s. 794; 2016, c. 12, s. 795; 2016, c. 12, s. 796; 2016, c. 12, s. 797; 2016, c. 12, s. 798; 2016, c. 12, s. 799; 2016, c. 12, s. 800; 2016, c. 12, s. 801; 2016, c. 12, s. 802; 2016, c. 12, s. 803; 2016, c. 12, s. 804; 2016, c. 12, s. 805; 2016, c. 12, s. 806; 2016, c. 12, s. 807; 2016, c. 12, s. 808; 2016, c. 12, s. 809; 2016, c. 12, s. 810; 2016, c. 12, s. 811; 2016, c. 12, s. 812; 2016, c. 12, s. 813; 2016, c. 12, s. 814; 2016, c. 12, s. 815; 2016, c. 12, s. 816; 2016, c. 12, s. 817; 2016, c. 12, s. 818; 2016, c. 12, s. 819; 2016, c. 12, s. 820; 2016, c. 12, s. 821; 2016, c. 12, s. 822; 2016, c. 12, s. 823; 2016, c. 12, s. 824; 2016, c. 12, s. 825; 2016, c. 12, s. 826; 2016, c. 12, s. 827; 2016, c. 12, s. 828; 2016, c. 12, s. 829; 2016, c. 12, s. 830; 2016, c. 12, s. 831; 2016, c. 12, s. 832; 2016, c. 12, s. 833; 2016, c. 12, s. 834; 2016, c. 12, s. 835; 2016, c. 12, s. 836; 2016, c. 12, s. 837; 2016, c. 12, s. 838; 2016, c. 12, s. 839; 2016, c. 12, s. 840; 2016, c. 12, s. 841; 2016, c. 12, s. 842; 2016, c. 12, s. 843; 2016, c. 12, s. 844; 2016, c. 12, s. 845; 2016, c. 12, s. 846; 2016, c. 12, s. 847; 2016, c. 12, s. 848; 2016, c. 12, s. 849; 2016, c. 12, s. 850; 2016, c. 12, s. 851; 2016, c. 12, s. 852; 2016, c. 12, s. 853; 2016, c. 12, s. 854; 2016, c. 12, s. 855; 2016, c. 12, s. 856; 2016, c. 12, s. 857; 2016, c. 12, s. 858; 2016, c. 12, s. 859; 2016, c. 12, s. 860; 2016, c. 12, s. 861; 2016, c. 12, s. 862; 2016, c. 12, s. 863; 2016, c. 12, s. 864; 2016, c. 12, s. 865; 2016, c. 12, s. 866; 2016, c. 12, s. 867; 2016, c. 12, s. 868; 2016, c. 12, s. 869; 2016, c. 12, s. 870; 2016, c. 12, s. 871; 2016, c. 12, s. 872; 2016, c. 12, s. 873; 2016, c. 12, s. 874; 2016, c. 12, s. 875; 2016, c. 12, s. 876; 2016, c. 12, s. 877; 2016, c. 12, s. 878; 2016, c. 12, s. 879; 2016, c. 12, s. 880; 2016, c. 12, s. 881; 2016, c. 12, s. 882; 2016, c. 12, s. 883; 2016, c. 12, s. 884; 2016, c. 12, s. 885; 2016, c. 12, s. 886; 2016, c. 12, s. 887; 2016, c. 12, s. 888; 2016, c. 12, s. 889; 2016, c. 12, s. 890; 2016, c. 12, s. 891; 2016, c. 12, s. 892; 2016, c. 12, s. 893; 2016, c. 12, s. 894; 2016, c. 12, s. 895; 2016, c. 12, s. 896; 2016, c. 12, s. 897; 2016, c. 12, s. 898; 2016, c. 12, s. 899; 2016, c. 12, s. 900; 2016, c. 12, s. 901; 2016, c. 12, s. 902; 2016, c. 12, s. 903; 2016, c. 12, s. 904; 2016, c. 12, s. 905; 2016, c. 12, s. 906; 2016, c. 12, s. 907; 2016, c. 12, s. 908; 2016, c. 12, s. 909; 2016, c. 12, s. 910; 2016, c. 12, s. 911; 2016, c. 12, s. 912; 2016, c. 12, s. 913; 2016, c. 12, s. 914; 2016, c. 12, s. 915; 2016, c. 12, s. 916; 2016, c. 12, s. 917; 2016, c. 12, s. 918; 2016, c. 12, s. 919; 2016, c. 12, s. 920; 2016, c. 12, s. 921; 2016, c. 12, s. 922; 2016, c. 12, s. 923; 2016, c. 12, s. 924; 2016, c. 12, s. 925; 2016, c. 12, s. 926; 2016, c. 12, s. 927; 2016, c. 12, s. 928; 2016, c. 12, s. 929; 2016, c. 12, s. 930; 2016, c. 12, s. 931; 2016, c. 12, s. 932; 2016, c. 12, s. 933; 2016, c. 12, s. 934; 2016, c. 12, s. 935; 2016, c. 12, s. 936; 2016, c. 12, s. 937; 2016, c. 12, s. 938; 2016, c. 12, s. 939; 2016, c. 12, s. 940; 2016, c. 12, s. 941; 2016, c. 12, s. 942; 2016, c. 12, s. 943; 2016, c. 12, s. 944; 2016, c. 12, s. 945; 2016, c. 12, s. 946; 2016, c. 12, s. 947; 2016, c. 12, s. 948; 2016, c. 12, s. 949; 2016, c. 12, s. 950; 2016, c. 12, s. 951; 2016, c. 12, s. 952; 2016, c. 12, s. 953; 2016, c. 12, s. 954; 2016, c. 12, s. 955; 2016, c. 12, s. 956; 2016, c. 12, s. 957; 2016, c. 12, s. 958; 2016, c. 12, s. 959; 2016, c. 12, s. 960; 2016, c. 12, s. 961; 2016, c. 12, s. 962; 2016, c. 12, s. 963; 2016, c. 12, s. 964; 2016, c. 12, s. 965; 2016, c. 12, s. 966; 2016, c. 12, s. 967; 2016, c. 12, s. 968; 2016, c. 12, s. 969; 2016, c. 12, s. 970; 2016, c. 12, s. 971; 2016, c. 12, s. 972; 2016, c. 12, s. 973; 2016, c. 12, s. 974; 2016, c. 12, s. 975; 2016, c. 12, s. 976; 2016, c. 12, s. 977; 2016, c. 12, s. 978; 2016, c. 12, s. 979; 2016, c. 12, s. 980; 2016, c. 12, s. 981; 2016, c. 12, s. 982; 2016, c. 12, s. 983; 2016, c. 12, s. 984; 2016, c. 12, s. 985; 2016, c. 12, s. 986; 2016, c. 12, s. 987; 2016, c. 12, s. 988; 2016, c. 12, s. 989; 2016, c. 12, s. 990; 2016, c. 12, s. 991; 2016, c. 12, s. 992; 2016, c. 12, s. 993; 2016, c. 12, s. 994; 2016, c. 12, s. 995; 2016, c. 12, s. 996; 2016, c. 12, s. 997; 2016, c. 12, s. 998; 2016, c. 12, s. 999; 2016, c. 12, s. 1000; 2016, c. 12, s. 1001; 2016, c. 12, s. 1002; 2016, c. 12, s. 1003; 2016, c. 12, s. 1004; 2016, c. 12, s. 1005; 2016, c. 12, s. 1006; 2016, c. 12, s. 1007; 2016, c. 12, s. 1008; 2016, c. 12, s. 1009; 2016, c. 12, s. 1010; 2016, c. 12, s. 1011; 2016, c. 12, s. 1012; 2016, c. 12, s. 1013; 2016, c. 12, s. 1014; 2016, c. 12, s. 1015; 2016, c. 12, s. 1016; 2016, c. 12, s. 1017; 2016, c. 12, s. 1018; 2016, c. 12, s. 1019; 2016, c. 12, s. 1020; 2016, c. 12, s. 1021; 2016, c. 12, s. 1022; 2016, c. 12, s. 1023; 2016, c. 12, s. 1024; 2016, c. 12, s. 1025; 2016, c. 12, s. 1026; 2016, c. 12, s. 1027; 2016, c. 12, s. 1028; 2016, c. 12, s. 1029; 2016, c. 12, s. 1030; 2016, c. 12, s. 1031; 2016, c. 12, s. 1032; 2016, c. 12, s. 1033; 2016, c. 12, s. 1034; 2016, c. 12, s. 1035; 2016, c. 12, s. 1036; 2016, c. 12, s. 1037; 2016, c. 12, s. 1038; 2016, c. 12, s. 1039; 2016, c. 12, s. 1040; 2016, c. 12, s. 1041; 2016, c. 12, s. 1042; 2016, c. 12, s. 1043; 2016, c. 12, s. 1044; 2016, c. 12, s. 1045; 2016, c. 12, s. 1046; 2016, c. 12, s. 1047; 2016, c. 12, s. 1048; 2016, c. 12, s. 1049; 2016, c. 12, s. 1050; 2016, c. 12, s. 1051; 2016, c. 12, s. 1052; 2016, c. 12, s. 1053; 2016, c. 12, s. 1054; 2016, c. 12, s. 1055; 2016, c. 12, s. 1056; 2016, c. 12, s. 1057; 2016, c. 12, s. 1058; 2016, c. 12, s. 1059; 2016, c. 12, s. 1060; 2016, c. 12, s. 1061; 2016, c. 12, s. 1062; 2016, c. 12, s. 1063; 2016, c. 12, s. 1064; 2016, c. 12, s. 1065; 2016, c. 12, s. 1066; 2016, c. 12, s. 1067; 2016, c. 12, s. 1068; 2016, c. 12, s. 1069; 2016, c. 12, s. 1070; 2016, c. 12, s. 1071; 2016, c. 12, s. 1072; 2016, c. 12, s. 1073; 2016, c. 12, s. 1074; 2016, c. 12, s. 1075; 2016, c. 12, s. 1076; 2016, c. 12, s. 1077; 2016, c. 12, s. 1078; 2016, c. 12, s. 1079; 2016, c. 12, s. 1080; 2016, c. 12, s. 1081; 2016, c. 12, s. 1082; 2016, c. 12, s. 1083; 2016, c. 12, s. 1084; 2016, c. 12, s. 1085; 2016, c. 12, s. 1086; 2016, c. 12, s. 1087; 2016, c. 12, s. 1088; 2016, c. 12, s. 1089; 2016, c. 12, s. 1090; 2016, c. 12, s. 1091; 2016, c. 12, s. 1092; 2016, c. 12, s. 1093; 2016, c. 12, s. 1094; 2016, c. 12, s. 1095; 2016, c. 12, s. 1096; 2016, c. 12, s. 1097; 2016, c. 12, s. 1098; 2016, c. 12, s. 1099; 2016, c. 12, s. 1100; 2016, c. 12, s. 1101; 2016, c. 12, s. 1102; 2016, c. 12, s. 1103; 2016, c. 12, s. 1104; 2016, c. 12, s. 1105; 2016, c. 12, s. 1106; 2016, c. 12, s. 1107; 2016, c. 12, s. 1108; 2016, c. 12, s. 1109; 2016, c. 12, s. 1110; 2016, c. 12, s. 1111; 2016, c. 12, s. 1112; 2016, c. 12, s. 1113; 2016, c. 12, s. 1114; 2016, c. 12, s. 1115; 2016, c. 12, s. 1116; 2016, c. 12, s. 1117; 2016, c. 12, s. 1118; 2016, c. 12, s. 1119; 2016, c. 12, s. 1120; 2016, c. 12, s. A - B where and Pension alimentaire
(a) an individual is deemed to be actively engaged on a regular, continuous and substantial basis in the activities of a business in a taxation year of the individual if the individual works in the business at least an average of 20 hours per week during the portion of the year in which the business operates; (b) if an amount would — if this section were read without reference to this paragraph — be split income of a specified individual who has attained the age of 17 years before the year in respect of a property, and that property was acquired by, or for the benefit of, the specified individual as a consequence of the death of another person, then (i) for the purpose of applying paragraph (b) of the definition reasonable return in subsection (1), to the extent that the particular amount referred to in that paragraph is in respect of the property, then the factors referred to in that paragraph in respect of the other person are to be included for the purpose of determining a reasonable return in respect of the individual, (ii) for the purposes of this subparagraph and the definition excluded business in subsection (1), if the other person was actively engaged on a regular, substantial and continuous basis in the activities of a business throughout five previous taxation years, then the individual is deemed to have been actively engaged on a regular, substantial and continuous basis in the business throughout those five years, and (iii) for the purpose of applying paragraph (g) of the definition excluded amount in subsection (1) in respect of that property, the individual is deemed to have attained the age of 24 years before the year if the other person had attained the age of 24 years before the year; (i) the following conditions are met: (A) the amount would be an excluded amount in respect of the specified individual’s spouse or common-law partner for the year, if the amount were included in computing the spouse or common-law partner’s income for the year, and (B) the spouse or common-law partner has attained the age of 64 years before the year, or (ii) the amount would have been an excluded amount in respect of an individual who was, immediately before their death, the specified individual’s spouse or common-law partner, if the amount were included in computing the spouse or common-law partner’s income for their last taxation year (determined as if this section applies in respect of that year); (i) an amount that (A) is derived from the provision of property or services to, or in support of, the business, or (B) arises in connection with the ownership or disposition of an interest in the person or partnership carrying on the business, and (ii) an amount derived from an amount described in this paragraph; and (e) for the purposes of this section, an individual is deemed not to be related to their spouse or common-law partner at any time in a year if, at the end of the year, the individual is living separate and apart from their spouse or common-law partner because of a breakdown of their marriage or common-law partnership. Tax on split income
a) une fois payable, être payable au contribuable et à recevoir par lui; b) une fois payé, avoir été payé au contribuable et reçu par lui. Entente
There shall be added to a specified individual’s tax payable under this Part for a taxation year the highest individual percentage for the year multiplied by the individual’s split income for the year.
Pour l’application de l’article 56, du présent article et du paragraphe 118(5), le résultat du calcul suivant : A - B où : A représente le total des montants représentant chacun un montant (sauf celui qui constitue par ailleurs une pension alimentaire) qui est devenu payable par une personne au cours d’une année d’imposition, aux termes de l’ordonnance d’un tribunal compétent ou d’un accord écrit, au titre d’une dépense (sauf la dépense relative à un établissement domestique autonome que la personne habite ou une dépense pour l’acquisition de biens tangibles ou, pour l’application du droit civil, de biens corporels qui n’est pas une dépense au titre des frais médicaux ou d’études ni une dépense en vue de l’acquisition, de l’amélioration ou de l’entretien d’un établissement domestique autonome que le contribuable visé aux alinéas a) ou b) habite) engagée au cours de l’année ou de l’année d’imposition précédente pour subvenir aux besoins d’un contribuable, d’enfants confiés à sa garde ou à la fois du contribuable et de ces enfants, dans le cas où le contribuable est : a) l’époux ou le conjoint de fait ou l’ex-époux ou l’ancien conjoint de fait de la personne, b) si le montant est devenu payable en vertu de l’ordonnance d’un tribunal compétent rendue en conformité avec les lois d’une province, un particulier qui est le parent, pour ce qui est d’un enfant dont cette personne est légalement l’autre parent; B l’excédent éventuel du total visé à l’alinéa a) sur le total visé à l’alinéa b) : a) le total des montants représentant chacun un montant inclus dans le total calculé selon Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION d Other Sources of Income
Notwithstanding any other provision of this Act, if an individual is a specified individual for a taxation year, the individual’s tax payable under this Part for the year shall not be less than the amount, if any, determined by the formula A is the amount added under subsection (2) to the individual's tax payable under this Part for the year; B is the amount that is the lesser of the amounts determined under paragraphs 117.2(1)(a) and (b) for the individual for the year; C is the amount deducted under section 118.3 in computing the individual's tax payable under this Part for the year; and D is the total of all amounts each of which is the amount that (a) may be deducted under section 121 or 126 in computing the individual's tax payable under this Part for the year, and (b) can reasonably be considered to be in respect of an amount included in computing the individual's split income for the year.
Prior payments Definitions Impôt sur le revenu
If a specified individual who has not attained the age of 17 years before a taxation year would have for the taxation year, if this Act were read without reference to this section, a taxable capital gain (other than an excluded amount) from a disposition of shares (other than shares of a class listed on a designated stock exchange or shares of a mutual fund corporation) that are transferred, either directly or indirectly, in any manner whatever, to a person with whom the specified individual does not deal at arm's length, then the amount of that taxable capital gain is deemed not to be a taxable capital gain and twice the amount is deemed to be received by the specified individual in the year as a taxable dividend that is not an eligible dividend.
If a specified individual who has not attained the age of 17 years before a taxation year would be, if this Act were read without reference to this section, required under subsection 104(13) or 105(2) to include an amount in computing the specified individual's income for the taxation year, then to the extent that the amount can reasonably be considered to be attributable to a taxable capital gain (other than an excluded amount) of a trust from a disposition of shares (other than shares of a class listed on a designated stock exchange or shares of a mutual fund corporation) that are transferred, either directly or indirectly, in any manner whatever, to a person with whom the specified individual does not deal at arm’s length, subsections 104(13) and 105(2) do not apply in respect of the amount and twice the amount is deemed to be received by the specified individual in the year as a taxable dividend that is not an eligible dividend. Deduction for taxable dividends
(a) the product of the amount, if any, that is required by subparagraph 82(1)(b)(i) to be included in computing the individual’s income for the year multiplied by (i) for the 2018 taxation year, 8/11, and (ii) for taxation years after 2018, 9/13, and (b) the product of the amount, if any, that is required by subparagraph 82(1)(b)(ii) to be included in computing the individual’s income for the year multiplied by (i) for the 2009 taxation year, 11/18, (ii) for the 2010 taxation year, 10/17, (iii) for the 2011 taxation year, 13/23, and (iv) for taxation years after 2011, 6/11. Tax payable by trust
(a) the highest individual percentage for the taxation year multiplied by the trust’s amount taxable for the taxation year, (b) if the trust is a SIFT trust for the taxation year, the positive or negative amount determined by the formula A is the positive or negative decimal fraction determined by the formula C is the net corporate income tax rate in respect of the SIFT trust for the taxation year, D is the provincial SIFT tax rate of the SIFT trust for the taxation year, and E is the decimal fraction equivalent of the percentage rate of tax provided in paragraph (a) for the taxation year, and B is the SIFT trust’s taxable SIFT trust distributions for the taxation year, and (c) if subsection (2) applies to the trust for the taxation year, the amount determined by the formula A is the amount that would be determined for B for the year if (i) the rate of tax payable under this Part by the trust for each taxation year referred to in the description of B were the highest individual percentage for the taxation year, and (ii) the trust’s taxable income for a particular taxation year referred to in the description of B were reduced by the total of (A) the amount, if any, that was paid or distributed in satisfaction of all or part of an individual’s interest as a beneficiary under the trust if (I) the individual was an electing beneficiary of the trust for the particular year, (II) the payment or distribution can reasonably be considered to be made out of that taxable income, and (III) the payment or distribution was made in a taxation year referred to in the description of B, (B) the amount that is the portion of the tax payable under this Part by the trust for the particular year that can reasonably be considered to relate to the amount determined under clause (A), and (C) the amount that is the portion of the tax payable, under the law of the province in which the trust is resident for the particular year, that can reasonably be considered to relate to the amount determined under clause (A), B is the total of all amounts each of which is the amount of tax payable under this Part by the trust for a taxation year that precedes the year if that preceding taxation year is (i) the later of (A) the first taxation year for which the trust was a qualified disability trust, and (B) the last taxation year, if any, for which subsection (2) applied to the trust, or (ii) a taxation year that ends after the taxation year described in subparagraph (i), and C is the total of all amounts each of which is an amount determined for clause (ii)(B) of the description of A in determining the amount of A for the year. (1.1) No deduction may be made under this Subdivision (other than section 118.1, 120.2 or 121) in computing the tax payable by a trust for a taxation year. Qualified disability trust — application of (1)(c)
l’élément A relativement à l’acquisition ou à l’amélioration d’un établissement domestique autonome dans lequel le contribuable habite, y compris un paiement de principal ou d’intérêts sur un emprunt ou une dette contractée en vue de financer, de quelque manière que ce soit, l’acquisition ou l’amélioration, b) le total des montants correspondant chacun à 1/5 du principal initial d’un emprunt ou d’une dette visés à l’alinéa a), est réputé, lorsque l’ordonnance ou l’accord écrit prévoit que le présent paragraphe et le paragraphe 60.1(2) s’appliquent à un montant payé ou payable à leur titre, être un montant payable au contribuable et à recevoir par lui à titre d’allocation périodique, qu’il est utilisé à sa discrétion. Paiements antérieurs
This subsection applies to a trust for a particular taxation year if the trust was a qualified disability trust for a preceding taxation year and (a) none of the beneficiaries under the trust at the end of the particular year was an electing beneficiary of the trust for a preceding year; (b) the particular year ended immediately before the trust ceased to be resident in Canada; or (c) an amount is paid or distributed in the particular year to a beneficiary under the trust in satisfaction of all or part of the beneficiary’s interest in the trust unless (i) the beneficiary is an electing beneficiary of the trust for the particular year or a preceding year, (ii) the amount is deducted under paragraph 104(6)(b) in computing the trust’s income for the particular year, or (iii) the amount is paid or distributed in satisfaction of a right to enforce payment of an amount that was deducted under paragraph 104(6)(b) in computing the trust’s income for a preceding year.
Pour l’application du présent article et de l’article 56, lorsqu’un accord écrit ou l’ordonnance d’un tribunal compétent, établi à un moment d’une année d’imposition, prévoit qu’un montant reçu avant ce moment au cours de l’année ou de l’année d’imposition précédente est considéré comme payé et reçu au titre de l’accord de l’ordonnance, les présomptions suivantes s’appliquent : a) le montant est réputé avoir été reçu au titre de l’accord ou de l’ordonnance; b) l’accord ou l’ordonnance est réputé, sauf pour l’application du présent paragraphe, avoir été établi le jour où un tel montant est reçu pour la première fois. Toutefois, lorsque l’accord ou l’ordonnance est établi après avril 1997 et modifie un montant de pension alimentaire pour enfants payable au bénéficiaire par rapport au dernier semblable montant qu’il a reçu avant mai 1997, chaque montant modifié de pension alimentaire pour enfants reçu aux termes de l’accord ou de l’ordonnance est réputé avoir été recevable aux termes d’un accord ou d’une ordonnance dont la date d’exécution correspond au jour où le montant modifié est à verser pour la première fois. Définitions
The following definitions apply in this section. beneficiary, under a trust, includes a person beneficially interested in the trust. (bénéficiaire) electing beneficiary, for a taxation year of a qualified disability trust, means a beneficiary under the trust that for the year (a) makes an election described in clause (a)(iii)(A) of the definition qualified disability trust in this subsection; and (b) is described in paragraph (b) of that definition. (bénéficiaire optant) non-deductible distributions amount for a taxation year has the meaning assigned by subsection 104(16). (montant de distribution non déductible) qualified disability trust, for a taxation year (in this definition referred to as the “trust year”), means a trust, if (i) is, at the end of the trust year, a testamentary trust that arose on and as a consequence of a particular individual’s death, (ii) is resident in Canada for the trust year, and (iii) includes in its return of income under this Part for the trust year (A) an election, made jointly with one or more beneficiaries under the trust in prescribed form, to be a qualified disability trust for the trust year, and (B) the Social Insurance Number of each of those beneficiaries; b) each of those beneficiaries is an individual, named as a beneficiary by the particular individual in the instrument under which the trust was created, (i) in respect of whom paragraphs 118.3(1)(a) to (b) apply for the individual’s taxation year (in this definition referred to as the “beneficiary year”) in which the trust year ends, and (ii) who does not jointly elect with any other trust, for a taxation year of the other trust that ends in the beneficiary year, to be a qualified disability trust; and taxable SIFT trust distributions, of a SIFT trust for a taxation year, means the lesser of a) its amount taxable for the taxation year, and b) the amount determined by the formula A is its non-deductible distributions amount for the taxation year, B is the net corporate income tax rate in respect of the SIFT trust for the taxation year, and C is the provincial SIFT tax rate of the SIFT trust for the taxation year. (montant de distribution imposable)
Les définitions qui suivent s’appliquent au présent article et à l’article 56. date d’exécution Quant à un accord ou une ordonnance : Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION D Other Sources of Income
eligible resale property, of an entity, means real or immovable property (other than capital property) of the entity (a) that is contiguous to a particular real or immovable property that is capital property or eligible resale property, held by (ii) another entity affiliated with the entity; and (b) the holding of which is ancillary to the holding of the particular property. (bien de revente admissible) equity, of an entity, means (a) if the entity is a corporation, a share of the capital stock of the corporation; (b) if the entity is a trust, an income or capital interest in the trust; (c) if the entity is a partnership, an interest as a member of the partnership; (d) a liability of the entity (and, for purposes of the definition publicly-traded liability in this section, a security of the entity that is a liability of another entity) if (i) the liability is convertible into, or exchangeable for, equity of the entity or of another entity, or (ii) any amount paid or payable in respect of the liability is contingent or dependent on the use of or production from property, or is computed by reference to revenue, profit, cash flow, commodity price or any other similar criterion or by reference to dividends paid or payable to shareholders of any class of shares of the capital stock of a corporation, or to income or capital paid or payable to any member of a partnership or beneficiary under a trust; and (e) a right to, or to acquire, anything described in this paragraph and any of paragraphs (a) to (d). (capitaux propres) equity value, of an entity at any time, means the total fair market value at that time of (a) if the entity is a corporation, all of the issued and outstanding shares of the capital stock of the corporation; (b) if the entity is a trust, all of the income or capital interests in the trust; or (c) if the entity is a partnership, all of the interests in the partnership. (valeur des capitaux propres) excluded subsidiary entity, for a taxation year, means an entity none of the equity of which is at any time in the taxation year (a) listed or traded on a stock exchange or other public market; nor (b) held by any person or partnership other than (i) a real estate investment trust, (ii) a taxable Canadian corporation, (v) a person or partnership that does not have, in connection with the holding of a security of the entity, property the value of which is determined, all or in part, by reference to a security that is listed or traded on a stock exchange or other public market, or gross REIT revenue, of an entity for a taxation year, means the amount, if any, by which the total of all amounts received or receivable in the year (depending on the method regularly followed by the entity in computing the entity’s income) by the entity exceeds the total of all amounts each of which is the cost to the entity of a property disposed of in the year. (revenu brut de FPI) investment, in a trust or partnership, (i) a property that is a security of the trust or partnership, or (ii) a right which may reasonably be considered to replicate a return on, or the value of, a security of the trust or partnership; but (b) does not include (i) an unaffiliated publicly-traded liability of the trust or partnership, nor (ii) regulated innovative capital. (placement) non-portfolio earnings, of a SIFT trust for a taxation year, means the total of (a) the amount, if any, by which (i) the total of all amounts each of which is the SIFT trust’s income for the taxation year from a business carried on by it in Canada or from a non-portfolio property, other than income that is a taxable dividend received by the SIFT trust, (ii) the total of all amounts each of which is the SIFT trust’s loss for the taxation year from a business carried on by it in Canada or from a non-portfolio property, and (b) the amount, if any, by which (A) all taxable capital gains of the SIFT trust from dispositions of non-portfolio properties during the taxation year, and (B) one-half of the total of all amounts each of which is deemed under subsection 131(1) to be a capital gain of the SIFT trust for the taxation year in respect of a non-portfolio property of the SIFT trust for the taxation year (ii) the total of the allowable capital losses of the SIFT trust for the taxation year from dispositions of non-portfolio properties during the taxation year. (gains hors portefeuille) non-portfolio property, of a particular entity for a taxation year, means a property, held by the particular entity at any time in the taxation year, that is (a) a security of a subject entity (other than a portfolio investment entity), if at that time the particular entity holds (i) securities of the subject entity that have a total fair market value that is greater than 10% of the equity value of the subject entity, or (ii) securities of the subject entity that, together with all the securities that the particular entity holds of entities affiliated with the subject entity, have a total fair market value that is greater than 50% of the equity value of the particular entity; (b) a Canadian real, immovable or resource property, if at any time in the taxation year the total fair market value of all properties held by the particular entity that are Canadian real, immovable or resource properties is greater than 50% of the equity value of the particular entity; or (c) a property that the particular entity, or a person or partnership with whom the particular entity does not deal at arm’s length, uses at that time in the course of carrying on a business in Canada. (bien hors portefeuille) publicly-traded liability, of an entity, means a liability that is a security of the entity, that is not equity of the entity and that is listed or traded on a stock exchange or other public market. (dette transigée publiquement) public market includes any trading system or other organized facility on which securities that are qualified for public distribution are listed or traded, but does not include a facility that is operated solely to carry out the issuance of a security or its redemption, acquisition or cancellation by its issuer. (marché public) qualified REIT property, of a trust at any time, means a property that, at that time, is held by the trust and is (a) a real or immovable property that is capital property, an eligible resale property, an indebtedness of a Canadian corporation represented by a bankers’ acceptance, a property described by paragraph (a) or (b) of the definition qualified investment in section 204 or a deposit with a credit union; (b) a security of a subject entity all or substantially all of whose gross REIT revenue of which, for its taxation year that ends in the trust’s taxation year that includes that time, is from maintaining, improving, leasing or managing real or immovable properties that are capital properties of the trust or of an entity of which the trust holds a share or an interest, including real or immovable properties that the trust, or an entity of which the trust holds a share or an interest, holds together with one or more other persons or partnerships; (c) a security of a subject entity, if the entity holds no property other than (i) legal title to real or immovable property of the trust or of another subject entity all of the securities of which are held by the trust (including real or immovable property that the trust or the other subject entity holds together with one or more other persons or partnerships), and (d) ancillary to the earning by the trust of amounts described in subparagraphs (b)(i) and (iii) of the definition real estate investment trust, other than real estate investment trust, for a taxation year, means a trust that is resident in Canada throughout the taxation year, if (a) at each time in the taxation year the total fair market value at that time of all non-portfolio properties that are qualified REIT properties held by the trust is at least 90% of the total fair market value at that time of all non-portfolio properties held by the trust; (b) not less than 90% of the trust’s gross REIT revenue for the taxation year is from one or more of the following: (i) rent from real or immovable properties, (iii) dispositions of real or immovable properties that are capital properties, (c) not less than 75% of the trust’s gross REIT revenue for the taxation year is from one or more of the following: (i) rent from real or immovable properties, (ii) interest from mortgages, or hypothecs, on real or immovable properties, and (iii) dispositions of real or immovable properties that are capital properties; (d) at each time in the taxation year an amount, that is equal to 75% or more of the equity value of the trust at that time, is the amount that is the total fair market value of all properties held by the trust each of which is a real or immovable property that is capital property, an eligible resale property, an indebtedness of a Canadian corporation represented by a bankers’ acceptance, a property described by paragraph (a) or (b) of the definition qualified investment in section 204 or a deposit with a credit union; and (e) investments in the trust are, at any time in the taxation year, listed or traded on a stock exchange or other public market. (fiducie de placement immobilier) (a) includes (i) a security held by the taxpayer, if the security is a security of a trust that satisfies (for any other entity that would, if it were a trust, satisfy) the conditions set out in paragraphs (a) to (d) of the definition real estate investment trust, or (b) does not include any depreciable property, other than (i) a property included, otherwise than by an election permitted by regulation, in Class 1, 3 or 31 of Schedule II to the Income Tax Regulations, (ii) a property ancillary to the ownership or utilization of a property described in subparagraph (i), or (iii) a lease in, or a leasehold interest in respect of, land or property described in subparagraph (i). regulated innovative capital means equity of a trust, where (a) since November 2006, the equity has been authorized, by the Superintendent of Financial Institutions or by a provincial regulatory authority having powers similar to those of the Superintendent, as Tier 1 or Tier 2 capital of a financial institution (as defined by subsection 181(1)); (b) the terms and conditions of the equity have not changed after August 1, 2008; (c) the trust has not issued any equity after October 31, 2006; and (i) liabilities of the financial institution, and (ii) shares of the capital stock of the financial institution that were acquired by the trust for the sole purpose of satisfying a right to require the trust to accept, as demanded by a holder of the equity, the surrender of the equity. (capital innovateur réglementé) rent from real or immovable properties (a) includes (i) rent or similar payments for the use of, or right to use, real or immovable properties, and (ii) payment for services ancillary to the rental of real or immovable properties and customarily supplied or rendered in connection with the rental of real or immovable properties; but (b) does not include (i) payment for services supplied or rendered, other than those described in subparagraph (a)(ii), to the tenants of such properties, (ii) fees for managing or operating such properties, (iii) payment for the occupation of, use of, or right to use a room in a hotel or other similar lodging facility, or security of a particular entity means any right, whether absolute or contingent, conferred by the particular entity or by an entity that is affiliated with the particular entity, to receive, either immediately or in the future, an amount that can reasonably be regarded as all or any part of the capital, of the revenue or of the income of the particular entity, or as interest paid or payable by the particular entity, and for greater certainty includes (b) if the particular entity is a corporation, (i) a share of the capital stock of the corporation, and (ii) a right to control in any manner whatever the voting rights of a share of the capital stock of the corporation; (c) if the particular entity is a trust, an income or a capital interest in the trust; (d) if the particular entity is a partnership, an interest as a member of the partnership; and SIFT trust, being a specified investment flow-through trust, for a taxation year means a trust (other than an excluded subsidiary entity, or a real estate investment trust, for the taxation year) that meets the following conditions at any time during the taxation year: (a) the trust is resident in Canada; (b) investments in the trust are listed or traded on a stock exchange or other public market; and subject entity means a person or partnership that is (b) a trust resident in Canada; (c) a Canadian resident partnership; or unaffiliated publicly-traded liability, of an entity at any time means a publicly-traded liability of the entity if, at that time the total fair market value of all publicly-traded liabilities of the entity that are held at that time by persons or partnerships that are not affiliated with the entity is at least 90% of the total fair market value of all publicly-traded liabilities of the entity. (dette non affiliée transigée publiquement) (1.1) Subsection (1.2) applies to an entity for a taxation year in respect of an amount and another entity (referred to in this subsection and subsection (1.2) as the “parent entity”, “specified amount” and “source entity”, respectively), if a) at any time in the taxation year the parent entity (i) is affiliated with the source entity, or (ii) holds securities of the source entity that (A) are described by any of paragraphs (a) to (c) of the definition equity in subsection (1), and (B) have a total fair market value that is greater than 10% of the equity value of the source entity; b) the specified amount is included in computing the parent entity’s gross REIT revenue for the taxation year in respect of a security of the source entity held by the parent entity; and c) in the case of a source entity that is a subject entity described in paragraph (b) of the definition qualified REIT property in subsection (1) in respect of the parent entity at each time during the taxation year at which the parent entity holds securities of the source entity, the specified amount cannot reasonably be considered to be derived from the source entity’s gross REIT revenue from maintaining, improving, leasing or managing real or immovable properties that are capital properties of the parent entity or of an entity of which the parent entity holds a share or an interest, including real or immovable properties that the parent entity, or an entity of which the parent entity holds a share or an interest, holds together with one or more other persons or partnerships. Character preservation rule (1.2) If this subsection applies to a parent entity for a taxation year in respect of a specified amount and a source entity, then for the purposes of the definition real estate investment trust in subsection (1), to the extent that the specified amount can reasonably be considered to be derived from gross REIT revenue of the source entity by having a particular character, the specified amount is deemed to be gross REIT revenue of the parent entity having the same character and not having any other character. Character of revenue — hedging arrangements (1.3) For the purposes of the definition real estate investment trust in subsection (1), (a) if an amount is included in gross REIT revenue of a trust for a taxation year and it results from an agreement that can reasonably be considered to have been made by the trust to reduce its risk from fluctuations in interest rates in respect of debt incurred by the trust to acquire or refinance real or immovable property, the amount is deemed to have the same character as gross REIT revenue in respect of the real or immovable property and not any other character; and (b) if a real or immovable property is situated in a country other than Canada and an amount included in gross REIT revenue of a trust for a taxation year (i) is a gain from fluctuations in the value of the currency of that country relative to Canadian currency recognized on (A) revenue in respect of the real or immovable property, or (B) debt incurred by the trust for the purpose of earning revenue in respect of the real or immovable property, or (ii) results from an agreement that (A) provides for the purchase, sale or exchange of currency, and (B) can reasonably be considered to have been made by the trust to reduce its risk from currency fluctuations described in subparagraph (i), the amount is deemed to have the same character as gross REIT revenue in respect of the real or immovable property and not any other character. Application of definition SIFT trust
(pension alimentaire pour enfants) (date d’exécution) a) si l’accord ou l’ordonnance est établi après avril 1997, la date de son établissement; b) si l’accord ou l’ordonnance est établi avant mai 1997, le premier en date des jours suivants, postérieur à avril 1997: (i) le jour précisé par le payeur et le bénéficiaire aux termes de l’accord ou de l’ordonnance dans un choix conjoint présenté au ministre sur le formulaire et selon les modalités prescrits, (ii) si l’accord ou l’ordonnance fait l’objet d’une modification après avril 1997 touchant le montant de la pension alimentaire pour enfants qui est payable au bénéficiaire, le jour où le montant modifié est à verser pour la première fois, (iii) si un accord ou une ordonnance subséquent est établi après avril 1997 et a pour effet de changer le total des montants de pension alimentaire pour enfants qui sont payables au bénéficiaire par le payeur, la date d’exécution du premier semblable accord ou de la première semblable ordonnance, (iv) le jour précisé dans l’accord ou l’ordonnance, ou dans toute modification s’y rapportant, pour l’application de la présente loi. (commencement day) pension alimentaire Montant payable ou à recevoir à titre d’allocation périodique pour subvenir aux besoins du bénéficiaire, d’enfants de celui-ci ou à la fois du bénéficiaire et de ces enfants, si le bénéficiaire peut utiliser le montant à sa discrétion, et selon le cas : a) le bénéficiaire est l’époux ou le conjoint de fait ou l’ex-époux ou l’ancien conjoint de fait du payeur et vit séparé de celui-ci pour cause d’échec de leur mariage ou union de fait et le montant est à recevoir aux termes de l’ordonnance d’un tribunal compétent ou d’un accord écrit; b) le payeur est légalement le père ou la mère d’un enfant du bénéficiaire et le montant est à recevoir aux termes de l’ordonnance d’un tribunal compétent rendue en conformité avec les lois d’une province. (support amount) pension alimentaire pour enfants Pension alimentaire qui, d’après l’accord ou l’ordonnance aux termes duquel elle est à recevoir, n’est pas destinée uniquement à subvenir aux besoins d’un bénéficiaire qui est soit l’époux ou le conjoint de fait ou l’ex-époux ou l’ancien conjoint de fait du payeur, soit le parent, père ou mère, d’un enfant Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION D Other Sources of Income
The definition SIFT trust applies to a trust for a taxation year of the trust that ends after 2006, except that if the trust would have been a SIFT trust on October 31, 2006 had that definition been in force and applied to the trust as of that date, that definition does not apply to the trust for a taxation year of the trust that ends before the earlier of (b) the first day after December 15, 2006 on which the trust exceeds normal growth as determined by reference to the normal growth guidelines issued by the Department of Finance on December 15, 2006, as amended from time to time, unless that excess arose as a result of a prescribed transaction. Overseas employment tax credit
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 56.1; 1994, c. 7, Sch. VIII, s. 18; c. 21, s. 134; 1997, c. 25, s. 8; 1998, c. 19, s. 88(F); S.C. 2007, c. 2, s. 142; 2005, c. 33, s. 10; 2013, c. 34, s. 106. Definitions eligible corporation, of a taxpayer, means a taxable Canadian corporation of which the taxpayer holds, directly or indirectly, shares of the capital stock. (société admissible) dont le payeur est légalement l'autre parent. (child support amount) [NOTE: Les dispositions d'application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 56.1; 1994, ch. 7, ann. VIII, art. 18; 1994, ch. 21, art. 134; 1997, ch. 25, art. 8; 1998, ch. 19, art. 88(F); 2007, ch. 2, art. 142; 2005, ch. 33, art. 10; 2013, ch. 34, art. 106. Provision pour remise de dette — particuliers
(a) was employed by a person who was a specified employer, other than for the performance of services under a prescribed international development assistance program of the Government of Canada, and (b) performed all or substantially all the duties of the individual’s employment outside Canada (i) in connection with a contract under which the specified employer carried on business outside Canada with respect to (B) any construction, installation, agricultural or engineering activity, or there may be deducted, from the amount that would, but for this section, be the individual’s tax payable under this Part for the year, an amount equal to that proportion of the tax otherwise payable under this Part for the year by the individual that the lesser of (c) an amount equal to that proportion of the specified amount for the year that the number of days (i) in that portion of the qualifying period that is in the year, and (ii) on which the individual was resident in Canada is of 365, and (d) the specified percentage for the year of the individual’s income for the year from that employment that is reasonably attributable to duties performed on the days referred to in paragraph (c) is of (e) the amount, if any, by which (i) if the individual is resident in Canada throughout the year, the individual’s income for the year, and (ii) if the individual is non-resident at any time in the year, the amount determined under paragraph 114(a) in respect of the taxpayer for the year (iii) the total of all amounts each of which is an amount deducted under section 110.6 or paragraph 111(1)(b), or deductible under paragraph 110(1)(d.2), (d.3), (f) or (g), in computing the individual’s taxable income for the year. Specified amount (a) for the 2013 to 2015 taxation years, the amount determined by the formula A is the individual’s income described in paragraph (1)(d) for the taxation year that is earned in connection with a contract that was committed to in writing before March 29, 2012 by a specified employer of the individual, B is the individual’s income described in paragraph (1)(d) for the taxation year, other than income included in the description of A, and (i) for the 2013 taxation year, $60,000, (ii) for the 2014 taxation year, $40,000, and (iii) for the 2015 taxation year, $20,000; and (b) for the 2016 and subsequent taxation years, nil. Specified percentage (a) for the 2013 to 2015 taxation years, the amount determined by the formula A is the value of A in subsection (1.01), B is the value of B in subsection (1.01), and (i) for the 2013 taxation year, 60%, (ii) for the 2014 taxation year, 40%, and (iii) for the 2015 taxation year, 20%; and (b) for the 2016 and subsequent taxation years, 0%. Excluded income (1.1) No amount may be included under paragraph (1)(d) in respect of an individual’s income for a taxation year from the individual’s employment by an employer (i) the employer carries on a business of providing services and does not employ in the business throughout the year more than five full-time employees, (A) does not deal at arm’s length with the employer, or is a specified shareholder of the employer, or (B) where the employer is a partnership, does not deal at arm’s length with a member of the partnership, or is a specified shareholder of a member of the partnership, and (iii) but for the existence of the employer, the individual would reasonably be regarded as being an employee of a person or partnership that is not a specified employer; or (b) if at any time in that portion of the qualifying period that is in the taxation year (i) the employer provides the services of the individual to a corporation, partnership or trust with which the employer does not deal at arm’s length, and (ii) the fair market value of all the issued shares of the capital stock of the corporation or of all interests in the partnership or trust, as the case may be, that are held, directly or indirectly, by persons who are resident in Canada is less than 10% of the fair market value of all those shares or interests. (b) a partnership in which interests that exceed in total value 10% of the fair market value of all interests in the partnership are owned by persons resident in Canada or corporations controlled by persons resident in Canada, or tax otherwise payable under this Part for the year
[NOTE: Les dispositions d'application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1995, ch. 21, art. 19. Provision pour remise de dette — contribuables
adjusted income, of an individual for a taxation year in relation to a month specified for the taxation year, means the income for the taxation year of the individual’s qualified relation, if any, in relation to the specified month, both calculated as if in computing that income no amount were (a) included (ii) in respect of any gain from a disposition of property to which section 79 applies, or (iii) in respect of a gain described in subsection 40(3.21); or eligible individual, in relation to a month specified for a taxation year, means an individual (other than a trust) who (i) a parent who resided with their child, or (ii) married or in a common-law partnership. (particular admissible) (a) is the individual’s child or is dependent for support on the individual or on the individual’s cohabiting spouse or common-law partner; (b) resides with the individual; (c) is under the age of 19 years; qualified relation of an individual, in relation to a month specified for a taxation year, means the person, if any, who, at the beginning of the specified month, is the individual’s cohabiting spouse or common-law partner. (proche admissible) return of income, in respect of a person for a taxation year, means (a) for a person who is resident in Canada at the end of the taxation year, the person’s return of income (other than a return of income under subsection 70(2) or 104(23), paragraph 128(2)(e) or subsection 150(4)) that is required to be filed for the taxation year or that would be required to be filed if the person had tax payable under this Part for the taxation year; and Persons not eligible individuals, qualified relations or qualified dependants
Définitions
Notwithstanding subsection (1), a person is not an eligible individual, is not a qualified relation and is not a qualified dependant, in relation to a month specified for a taxation year, if the person (b) is confined to a prison or similar institution for a period of at least 90 days that includes the first day of the specified month; (c) is at the beginning of the specified month a non-resident person, other than a non-resident person who (i) is at that time the cohabiting spouse or common-law partner of a person who is deemed under subsection 250(1) to be resident in Canada throughout the taxation year that includes the first day of the specified month, and (ii) was resident in Canada at any time before the specified month; (e) is a person in respect of whom a special allowance under the Children’s Special Allowances Act is payable for the specified month. Deemed payment on account of tax
clause restrictive En ce qui concerne un contribuable, accord, engagement ou renonciation à un avantage ou à un droit, ayant force exécutoire ou non, qui est convenu, pris ou consenti par lui et qui influe, ou vise à influer, de quelque manière que ce soit, sur l'acquisition ou la fourniture de biens ou de services par lui ou par un autre contribuable avec lequel il a un lien de dépendance, à l'exception d'un accord ou d'un engagement qui, selon le cas : a) dispose des biens du contribuable; b) a pour objet l'exécution d'une obligation visée à l'article 49.1 qui ne constitue pas une disposition, sauf si l'obligation se rapporte à un droit sur des biens ou des services que le contribuable ou une personne avec laquelle il a un lien de dépendance a acquis ou acquis pour une juste valeur marchande. (restrictive covenant) contribuable Y sont assimilées les sociétés de personnes. (taxpayer) établissement stable S'entend au sens qui est donné à ce terme pour l'application du paragraphe 1(6.1). (permanent establishment) Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION D Other Sources of Income
An eligible individual in relation to a month specified for a taxation year who files a return of income for the taxation year is deemed to have paid during the specified month on account of their tax payable under this Part for the taxation year an amount equal to 1/4 of the amount, if any, determined by the formula A is the total of (c) if the individual has no qualified relation in relation to the specified month and is entitled to deduct an amount for the taxation year under subsection 118(1) because of paragraph (b) of the description of B in that subsection in respect of a qualified dependant of the individual in relation to the specified month, $213, (e) if the individual has no qualified relation and has one or more qualified dependants, in relation to the specified month, $112, and (f) if the individual has no qualified relation and no qualified dependant, in relation to the specified month, the lesser of $112 and 2% of the amount, if any, by which the individual’s income for the taxation year exceeds $6,911; and B is 5% of the amount, if any, by which the individual’s adjusted income for the taxation year in relation to the specified month exceeds $27,749. COVID-19 — additional deemed payment (3.001) An eligible individual in relation to a month specified for a taxation year who files a return of income for the taxation year is deemed to have paid during the specified month on account of their tax payable under this Part for the taxation year an amount determined by the formula A is the total of (c) if the individual has no qualified relation in relation to the specified month and is entitled to deduct an amount for the taxation year under subsection 118(1) because of paragraph (b) of the description of B in that subsection in respect of a qualified dependant of the individual in relation to the specified month, $580, (e) if the individual has no qualified relation and has one or more qualified dependants, in relation to the specified month, $306, and (f) if the individual has no qualified relation and no qualified dependant, in relation to the specified month, the lesser of $306 and 2% of the amount, if any, by which the individual’s income for the taxation year exceeds $9,412; B is 5% of the amount, if any, by which the individual’s adjusted income for the taxation year in relation to the specified month exceeds $37,789; and C the total amount that the individual is deemed to have paid under subsection (3), for the C is the total amount that the eligible individual is deemed to have paid under subsection (3) on account of their tax payable for the specified months of July 2019, October 2019, January 2020 and April 2020. Additional deemed payment (3.002) An eligible individual in relation to a month specified for a taxation year who files a return of income for the taxation year is deemed to have paid during the specified month on account of their tax payable under this Part for the taxation year an amount determined by the formula A is the total of (c) if the individual has no qualified relation in relation to the specified month and is entitled to deduct an amount for the taxation year under subsection 118(1) because of paragraph (b) of the description of B in that subsection in respect of a qualified dependant of the individual in relation to the specified month, $918, (e) if the individual has no qualified relation and has one or more qualified dependants, in relation to the specified month, $483, and (f) if the individual has no qualified relation and no qualified dependant, in relation to the specified month, the lesser of $483 and 6% of the amount, if any, by which the individual’s income for the taxation year exceeds $9,919; B is 15% of the amount, if any, by which the individual’s adjusted income for the taxation year exceeds $39,826; and C is the amount that the eligible individual is deemed to have paid under subsection (3) during the specified month on account of their tax payable for the taxation year. Additional deemed payment – January 2023 for the taxation year is deemed to have paid during the specified month on account of their tax payable under this Part for the taxation year an amount determined by the formula A is the total of (c) if the individual has no qualified relation in relation to the specified month and is entitled to deduct an amount for the taxation year under subsection 118(1) because of paragraph (b) of the description of B in that subsection in respect of a qualified dependant of the individual in relation to the specified month, $918, (e) if the individual has no qualified relation and has one or more qualified dependants, in relation to the specified month, $483, and (f) if the individual has no qualified relation and no qualified dependant, in relation to the specified month, the lesser of $483 and 6% of the amount, if any, by which the individual’s income for the taxation year exceeds $9,919; B is 15% of the amount, if any, by which the individual’s adjusted income for the taxation year exceeds $39,826; and C is the amount that the eligible individual is deemed to have paid under subsection (3) during the specified month on account of their tax payable for the taxation year. (3.01) Notwithstanding subsection (3), if an eligible individual is a shared-custody parent (within the meaning assigned by section 122.6, but with the words qualified dependant in that section having the meaning assigned by subsection (1)) in respect of one or more qualified dependants at the beginning of a month, the amount deemed by subsection (3) to have been paid during a specified month is equal to the amount determined by the following formula: A is the amount determined by the formula in subsection (3), calculated without reference to this subsection, and B is the amount determined by the formula in subsection (3), calculated without reference to this subsection and subparagraph (b)(ii) of the definition eligible individual in section 122.6. (3.02) Notwithstanding subsection (3.001), if an eligible individual is a shared-custody parent (within the meaning assigned by section 122.6, but with the words qualified dependant in that section having the meaning assigned by subsection (1)) in respect of one or more qualified dependants at the beginning of a month, the amount deemed by subsection (3.001) to have been paid during the specified month is equal to the amount determined by the following formula: A is the amount determined by the formula in subsection (3.001), calculated without reference to this subsection; and B is the amount determined by the formula in subsection (3.001), calculated without reference to this subsection and subparagraph (b)(ii) of the definition eligible individual in section 122.6. Additional deemed payment — shared-custody parent (3.03) Notwithstanding subsection (3.002), if an eligible individual is a shared-custody parent (within the meaning assigned by section 122.6, but with the words qualified dependant in that section having the meaning assigned by subsection (1)) in respect of one or more qualified dependants at the beginning of a month, the amount deemed by subsection (3.002) to have been paid during the specified month is equal to the amount determined by the following formula: A is the amount determined by the formula in subsection (3.002), calculated without reference to this subsection; and B is the amount determined by the formula in subsection (3.002), calculated without reference to this subsection and subparagraph (b)(ii) of the definition eligible individual in section 122.6. January 2023 payment – shared-custody parent (3.04) Notwithstanding subsection (3.03), if an eligible individual is a shared-custody parent (as defined in section 122.6, but with the term “qualified dependant” in that section having the meaning assigned by subsection (1)) in respect of one or more qualified dependants at the beginning of a month, the amount deemed by subsection (3.03) to have been paid during the specified month is equal to the amount determined by the formula A is the amount determined by the formula in subsection (3.03), calculated without reference to this subsection; and B is the amount determined by the formula in subsection (3.03), calculated without reference to this subsection and subparagraph (b)(ii) of the definition eligible individual in section 122.6. When advance payment applies (a) the amount deemed by that subsection to have been paid by the eligible individual during the particular month specified for the taxation year is less than $50; and (b) it is reasonable to conclude that the amount deemed by that subsection to have been paid by the eligible individual during each subsequent month specified for the taxation year will be less than $50. (3.2) If this subsection applies, the total of the amounts that would otherwise be deemed by subsection (3) to have been paid on account of the eligible individual’s tax payable under this Part for the taxation year during the particular month specified for the taxation year, and during each subsequent month specified for the taxation year is deemed to have been paid by the eligible individual on account of their tax payable under this Part for the taxation year during the particular specified month for the taxation year, and the amount deemed by subsection (3) to have been paid by the eligible individual during those subsequent months specified for the taxation year is deemed, except for the purpose of this subsection, not to have been paid to the extent that it is included in an amount deemed to have been paid by this subsection.
Impôt sur le revenu
For the purposes of this section, the months specified for a taxation year are July and October of the immediately following taxation year and January and April of the second immediately following taxation year. (4.1) Notwithstanding subsection (4) and for the purposes of this section, the month specified in subsection (3.001) is May 2020 (or an earlier month designated by the Minister) and the taxation year is the 2018 taxation year. (4.2) Notwithstanding subsection (4) and for the purposes of this section, the month specified in subsection (3.002) is October 2022 and the taxation year is the 2021 taxation year. (4.3) Notwithstanding subsection (4) and for the purposes of this section, the month specified in subsection (3.003) is January 2023 and the taxation year is the 2021 taxation year.
If an individual is a qualified relation of another individual in relation to a month specified for a taxation year and both those individuals would be, but for this subsection, eligible individuals in relation to the specified month, only the individual that the Minister designates is the eligible individual in relation to the specified month.
If a person would, if this Act were read without reference to this subsection, be the qualified dependant of two or more individuals, in relation to a month specified for a taxation year, (a) the person is deemed to be a qualified dependant, in relation to that month, of the one of those individuals on whom those individuals agree; (b) in the absence of an agreement referred to in paragraph (a), the person is deemed to be, in relation to that month, a qualified dependant of the individuals, if any, who are, at the beginning of that month, eligible individuals (within the meaning assigned by section 122.6, but with the words qualified dependant in that section having the meaning assigned by subsection (1)) in respect of that person; and (c) in any other case, of no individual other than the individual designated by the Minister. (c) in any other case, the person is deemed to be, in relation to that month, a qualified dependant only of the individual that the Minister designates. Notification to Minister (6.1) An individual shall notify the Minister of the occurrence of any of the following events before the end of the month following the month in which the event occurs: (b) a person becomes or ceases to be the individual’s qualified relation; and (c) a person ceases to be a qualified dependant of the individual, otherwise than because of attaining the age of 19 years. Non-residents and part-year residents (6.2) For the purpose of this section, the income of a person who is non-resident at any time in a taxation year is deemed to be equal to the amount that would, if the person were resident in Canada throughout the year, be the person’s income for the year.
For the purpose of this section, if in a taxation year an individual becomes bankrupt, the individual’s income for the taxation year shall include the individual’s income for the taxation year that begins on January 1 of the calendar year that includes the date of bankruptcy.
**montant pour achalandage** Est le montant pour achalandage d’un contribuable la somme qu’il a reçue ou peut devenir en droit de recevoir qui serait, en l’absence du présent article, à inclure dans le produit de disposition d’un bien compris dans la catégorie 14.1 de l’annexe II du *Règlement de l’impôt sur le revenu*, ou une somme à laquelle le paragraphe 13(38) s’applique, relativement à une entreprise qu’il exploite par l’entremise d’un établissement stable situé au Canada. *(goodwill amount)* **participation admissible** Immobilisation d’un contribuable qui est : a) une participation dans une société de personnes qui exploite une entreprise; b) une action du capital-actions d’une société qui exploite une entreprise; c) une action du capital-actions d’une société dont au moins 90 % de la juste valeur marchande est attribuable à des participations admissibles dans une autre société. *(eligible interest)* **particulier admissible** S’entend, relativement à un contribuable, d’un particulier qui est le propriétaire, à l’exception d’une fiducie, qui est lié au contribuable au sens de l’article 18, et qui est le mandataire ou qui est âgé d’au moins 18 ans à ce moment. *(eligible individual)* **société admissible** Est une société admissible d’un contribuable toute société canadienne imposable dont il détient, directement ou indirectement, des actions du capital-actions. *(eligible corporation)* **Revenu — clause restrictive**
adjusted income of an individual for a taxation year has the meaning assigned by section 122.6. (revenu modifié) eligible individual for a taxation year means an individual (other than a trust) (a) who is resident in Canada throughout the year (or, if the individual dies in the year, throughout the portion of the year before the individual’s death); (b) who, before the end of the year, has attained the age of 18 years; and (c) whose income for the year from the sources set out in subsection (2) is at least $2,500. (c) the total of whose incomes for the year from the following sources is at least $2,500: (i) offices and employments (computed without reference to paragraph 6(1)(f)), (ii) businesses each of which is a business carried on by the individual either alone or as a partner actively engaged in the business, and Deemed payment on account of tax
Est à inclure dans le calcul du revenu d’un contribuable pour une année d’imposition le total des sommes dont chacune a trait à une clause restrictive du contribuable et est reçue ou à recevoir au cours de l’année par le contribuable ou par un contribuable avec lequel il a un lien de dépendance, à l’exception de toute somme qui a déjà été incluse dans le calcul du revenu du contribuable par l’effet du présent paragraphe pour une année d’imposition antérieure, soit dans le revenu de la société admissible du contribuable par l’effet du présent paragraphe pour l’année ou pour une année d’imposition antérieure. **Non-application du paragraphe (2)**
Where a return of income (other than a return of income filed under subsection 70(2), paragraph 104(23)(d) or 128(2)(e) or subsection 150(4)) is filed in respect of an eligible individual for a particular taxation year that ends at the end of a calendar year, there is deemed to be paid at the end of the particular year on account of the individual's tax payable under this Part for the particular year the amount determined by the formula A is the lesser of (i) the amount determined by the formula C is the appropriate percentage for the particular taxation year, and D is the total of all amounts each of which is the amount determined by the formula in subsection 118.2(1) for the purpose of computing the individual's tax payable under this Part for a taxation year that ends in the calendar year, and (ii) 25% of the total of all amounts each of which is the amount deductible under section 64 in computing the individual's income for a taxation year that ends in the calendar year; and B is 5% of the amount, if any, by which (a) the total of all amounts each of which is the individual's adjusted income for a taxation year that ends in the calendar year exceeds
Le paragraphe (2) ne s’applique pas à la somme reçue ou à recevoir par un contribuable donné au cours d’une année d’imposition au titre d’une clause restrictive qu’il a accordée à un autre contribuable (appelé « acheteur » au présent paragraphe et au paragraphe (4)) avec lequel il n’a aucun lien de dépendance (déterminé compte non tenu de l’alinéa 251(5)(b)) si l’un des faits ci-après se vérifie : a) la somme a été incluse, en application des articles 5 ou 6, dans le calcul du revenu du contribuable donné pour l’année, ou l’aurait été si elle avait été reçue au cours de cette année; b) la somme serait, en l’absence du présent article, à inclure dans le produit de disposition d’un bien compris dans la catégorie 14.1 de l’annexe II du Règlement de l’impôt sur le revenu, ou est une somme à laquelle le paragraphe 13(38) s’applique, relativement à l’entreprise à laquelle la clause restrictive se rapporte, et le contribuable donné fait le choix sur le formulaire prescrit, à titre individuel ou conjointement avec l’acheteur si la somme est payable par ce dernier relativement à une entreprise qu’il exploite au Canada, d’appliquer le présent alinéa relativement à la somme; c) sous réserve du paragraphe (9), la somme se rapporte directement à la disposition, par le contribuable donné, d’un bien qui est, au moment de la disposition, une participation admissible dans la société de personnes ou la société qui exploite l’entreprise à laquelle la clause restrictive se rapporte, ou est une participation admissible par l’effet de l’alinéa c) de la définition de participation admissible au paragraphe (1) lorsque l’entreprise à laquelle la clause restrictive se rapporte est exploitée par l’autre société visée à cet alinéa, et, à la fois : (i) la disposition est effectuée en faveur de l’acheteur ou d’une personne qui lui est liée, (ii) la somme représente la contrepartie de l’engagement du contribuable donné de ne pas fournir, directement ou indirectement, de biens ou de services sous un régime de concurrence avec les biens ou services fournis ou à fournir par l’acheteur ou par une personne qui lui est liée, (iii) il est raisonnable de considérer que la clause restrictive a été accordée afin de maintenir ou de protéger la valeur de la participation admissible dont il est disposé en faveur de l’acheteur, (iv) si la clause restrictive est accordée après le 17 juillet 2005, le paragraphe 84(3) ne s’applique pas à la disposition, (v) la somme est ajoutée au produit de disposition, au sens de l’article 54, du contribuable donné pour ce qui est de l’application de la présente loi à la disposition de la participation admissible de ce contribuable, Treatment of purchaser (vi) le contribuable et l’acheteur font, sur le formulaire prescrit, le choix d’appliquer le présent alinéa relativement à la somme. Somme payée ou payable par l’acheteur
adjusted income, of an individual for a taxation year, means the total of all amounts each of which would be the income for the year of the individual or of the person who was the individual's cohabiting spouse or common-law partner at the end of the year in computing that income amount were (a) included (ii) in respect of any gain from a disposition of property to which section 79 applies, or (iii) in respect of a gain described in subsection 40(3.21), or base taxation year in relation to a month means (a) where the month is any of the first 6 months of a calendar year, the taxation year that ended on December 31 of the second preceding calendar year, and (b) where the month is any of the last 6 months of a calendar year, the taxation year that ended on December 31 of the preceding calendar year; (année de base) cohabiting spouse or common-law partner of an individual at any time means the person who at that time is the individual's spouse or common-law partner and who is not at that time living separate and apart from the individual and, for the purpose of this definition, a person shall not be considered to be living separate and apart from an individual at any time unless they were living separate and apart at that time, because of a breakdown of their marriage or common-law partnership, for a period of at least 90 days that includes that time; (époux ou conjoint de fait visé) eligible individual in respect of a qualified dependant at any time means a person who at that time (b) is a parent of the qualified dependant who (i) is the parent who primarily fulfils the responsibility for the care and upbringing of the qualified dependant and who is not a shared-custody parent in respect of the qualified dependant, or (ii) is a shared-custody parent in respect of the qualified dependant, (c) is resident in Canada or, where the person is the cohabiting spouse or common-law partner of a person who is deemed under subsection 250(1) to be resident in Canada throughout the taxation year that includes that time, was resident in Canada in any preceding taxation year, (e) is, or whose cohabiting spouse or common-law partner is, a Canadian citizen or a person who (i) is a permanent resident within the meaning of subsection 2(1) of the Immigration and Refugee Protection Act, (ii) is a temporary resident within the meaning of the Immigration and Refugee Protection Act, who was resident in Canada throughout the 18 month period preceding that time, (iii) is a protected person within the meaning of the Immigration and Refugee Protection Act, (iv) was determined before that time to be a member of a class defined in the Humanitarian Designated Classes Regulations made under the Immigration Act, or (v) is an Indian within the meaning of the Indian Act, and for the purposes of this definition, (f) where the qualified dependant resides with the dependant's female parent, the parent who primarily fulfils the responsibility for the care and upbringing of the qualified dependant is presumed to be the female parent, (g) the presumption referred to in paragraph 122.6 eligible individual (f) does not apply in prescribed circumstances, (h) prescribed factors shall be considered in determining what constitutes care and upbringing, and (i) an individual shall not fail to qualify as a parent (within the meaning assigned by section 252) of another individual solely because of the receipt of a social assistance amount that is payable under a program of the Government of Canada, the government of a province or an Indigenous governing body (as defined in section 2 of the Children's Special Allowances Act) for the benefit of the other individual; (particulier admissible) qualified dependant at any time means a person who at that time (a) has not attained the age of 18 years, (b) is not a person in respect of whom an amount was deducted under paragraph (a) of the description of B in subsection 118(1) in computing the tax payable under this Part by the person's spouse or common-law partner for the base taxation year in relation to the month that includes that time, and (c) is not a person in respect of whom a special allowance under the Children's Special Allowances Act is payable for the month that includes that time; (personne à charge admissible) return of income filed by an individual for a taxation year means (a) where the individual was resident in Canada throughout the year, the individual's return of income (other than a return of income filed under subsection 70(2) or 104(23), paragraph 128(2)(e) or subsection 150(4)) that is filed or required to be filed under this Part for the year, and shared-custody parent in respect of a qualified dependant at a particular time means, where the presumption referred to in paragraph (f) of the definition eligible individual individual does not apply in respect of the qualified dependant, an individual who is one of the two parents of the qualified dependant who (a) are not at that time cohabiting spouses or common-law partners of each other, (b) reside with the qualified dependant either (i) at least 40% of the time in the month in which the particular time occurs, or (ii) on an approximately equal basis, and (c) primarily fulfill the responsibility for the care and upbringing of the qualified dependant when residing with the qualified dependant, as determined in consideration of prescribed factors. (parent ayant la garde partagée) Deemed overpayment
La somme payée ou payable par un acheteur relativement à une clause restrictive fait l’objet du traitement suivant : a) si elle est à inclure dans le calcul du revenu d’un employé de l’acheteur par l’effet des articles 5 ou 6, elle est considérée comme un salaire versé ou à verser à l’employé par l’acheteur; b) si le choix prévu à l’alinéa (3)b) a été fait à son égard, elle est considérée comme étant engagée par l’acheteur à titre de capital aux fins du calcul du coût du bien ou pour l’application du paragraphe 13(35), selon le cas, et comme n’étant pas une somme payée ou payable pour l’application des autres dispositions de la présente loi; c) si le choix prévu à l’alinéa (3)c) a été fait à son égard et qu’elle a trait à l’acquisition par l’acheteur d’un bien qui, aussitôt acquis, est une participation admissible pour l’application du paragraphe 103.03, elle est considérée comme le coût de cette participation pour lui et est considérée comme n’étant pas une somme payée ou payable pour l’application des autres dispositions de la présente loi. Non-application de l’article 68
A is the amount determined by the formula E is the total of (a) the product obtained by multiplying $6,400 by the number of qualified dependants in respect of whom the person was an eligible individual at the beginning of the month who have not reached the age of six years at the beginning of the month, and (b) the product obtained by multiplying $5,400 by the number of qualified dependants, other than those qualified dependants referred to in paragraph (a), in respect of whom the person was an eligible individual at the beginning of the month, and (a) if the person’s adjusted income for the year is less than or equal to $30,000, nil, (b) if the person’s adjusted income for the year is greater than $30,000 but less than or equal to $65,000, and if the person is, at the beginning of the month, an eligible individual in respect of (i) only one qualified dependant, 7% of the person’s adjusted income for the year in excess of $30,000, (ii) only two qualified dependants, 13.5% of the person’s adjusted income for the year in excess of $30,000, (iii) only three qualified dependants, 19% of the person’s adjusted income for the year in excess of $30,000, or (iv) more than three qualified dependants, 23% of the person’s adjusted income for the year in excess of $30,000, and (c) if the person’s adjusted income for the year is greater than $65,000, and if the person is, at the beginning of the month, an eligible individual in respect of (i) only one qualified dependant, the total of $2,450 and 3.2% of the person’s adjusted income for the year in excess of $65,000, (ii) only two qualified dependants, the total of $4,725 and 5.7% of the person’s adjusted income for the year in excess of $65,000, (iii) only three qualified dependants, the total of $6,650 and 8% of the person’s adjusted income for the year in excess of $65,000, or (iv) more than three qualified dependants, the total of $8,050 and 9.5% of the person’s adjusted income for the year in excess of $65,000. M is the amount determined by the formula N is the product obtained by multiplying $2,730 by the number of qualified dependants in respect of whom both (a) an amount may be deducted under section 118.3 for the taxation year that includes the month, and (b) the person is an eligible individual at the beginning of the month, and (a) if the person’s adjusted income for the year is less than or equal to $65,000, nil, and (b) if the person’s adjusted income for the year is greater than $65,000, (i) where the person is an eligible individual in respect of only one qualified dependant described in N, 3.2% of the person’s adjusted income for the year in excess of $65,000, and (ii) where the person is an eligible individual in respect of two or more qualified dependants described in N, 5.7% of the person’s adjusted income for the year in excess of $65,000. COVID-19 — additional amount (1.01) If the month referred to in subsection (1) is May 2020, each amount expressed in dollars referred to in paragraphs (a) and (b) of the description of E in subsection (1) is deemed, for that month, to be equal to that amount (as adjusted under subsection (5)) plus an additional amount of $3,600. For greater certainty, the adjustment in subsection (5) shall not take into account this additional amount. (1.1) Notwithstanding subsection (1), if an eligible individual is a shared-custody parent in respect of one or more qualified dependants at the beginning of a month, the overpayment deemed by subsection (1) to have arisen during the month is equal to the amount determined by the formula A is the amount determined by the formula in subsection (1), calculated without reference to this subsection, and B is the amount determined by the formula in subsection (1), calculated without reference to this subsection and subparagraph (b)(ii) of the definition eligible individual in section 122.6. (1.2) If the Minister determines before 2024 that an overpayment (for greater certainty, in an amount greater than nil) on account of a person’s liability under this Part for a taxation year is deemed to have arisen during a month under subsection (1), or would be so deemed if this section were read without reference to subsection (2), then an overpayment on account of the person’s liability under this Part for the year is deemed to have arisen during the month, equal to the total of all amounts each of which is an amount in respect of a qualified dependent — in respect of whom the person was an eligible individual at the beginning of the month who has not reached the age of six years at the beginning of the month — determined by the formula (a) 0.5, if the person is a shared-custody parent in respect of the qualified dependant, and (b) 1, in any other case; and (a) if the month is January 2021 or April 2021, (i) $300, if the person’s adjusted income for 2019 is less than or equal to $120,000, and (ii) $150 in any other case, (b) if the month is July 2021 or October 2021, (i) $300, if the person’s adjusted income for 2020 is less than or equal to $120,000, and (ii) $150 in any other case, and (c) in any other case, nil.
En cas d’application du présent paragraphe à une clause restrictive accordée par un contribuable, l’article 68 ne s’applique pas de manière qu’une contrepartie soit réputée être reçue ou à recevoir par le contribuable pour la clause restrictive. Application du paragraphe (5) — clause restrictive accordée par l’employé
Notwithstanding subsection (1), if a particular month is the first month during which an overpayment that is less than $20 (or such other amount as is prescribed) is deemed under that subsection to have arisen on account of a person’s liability under this Part for the base taxation year in relation to the particular month, any such overpayment that would, but for this subsection, reasonably be expected at the end of the particular month to arise during another month in relation to which the year is the base taxation year is deemed to arise under that subsection during the particular month and not during the other month. Non-residents and part-year residents
Le paragraphe (5) s’applique à une clause restrictive si les conditions ci-après sont réunies : a) la clause restrictive est accordée par un particulier à un autre contribuable (appelé « acheteur » au présent paragraphe) avec lequel il n’a aucun lien de dépendance; b) la clause restrictive se rapporte directement à l’acquisition par l’acheteur d’une ou plusieurs autres personnes (appelées « vendeurs » au présent paragraphe et au paragraphe (12)) d’un intérêt ou, pour l’application du droit civil, d’un droit sur l’employeur du particulier, sur une société liée à cet employeur ou sur une entreprise exploitée par cet employeur; c) le particulier n’a aucun lien de dépendance avec l’employeur et avec les vendeurs; Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION D Other Sources of Income
For the purposes of this section, if a person was non-resident at any time in a taxation year, the person’s income for the year is, for greater certainty, deemed to be the amount that would have been the person’s income for the year had the person been resident in Canada throughout the year. (3.1) For the purposes of this Subdivision, where in a taxation year an individual becomes bankrupt, (a) the individual’s income for the year shall include the individual’s income for the taxation year that begins on January 1 of the calendar year that includes the date of bankruptcy; and (b) the total of all amounts deducted under section 63 in computing the individual’s income for the year shall include the amount deducted under that section for the individual’s taxation year that begins on January 1 of the calendar year that includes the date of bankruptcy. Amount not to be charged, etc.
Application of subsection (5) — realization of goodwill amount and disposition of property Impôt sur le revenu
A refund of an amount deemed by this section to be an overpayment on account of a person’s liability under this Part for a taxation year (b) cannot be assigned, charged, attached or given as security; (c) does not qualify as a refund of tax for the purposes of the Tax Rebate Discounting Act; (e) is not garnishable moneys for the purposes of the Family Orders and Agreements Enforcement Assistance Act.
Each amount expressed in dollars in subsection (1) shall be adjusted so that, where the base taxation year in relation to a particular month is after 2016, the amount to be used under that subsection for the month is the total of (a) the amount that would, but for subsection (7), be the relevant amount used under subsection (1) for the month that is one year before the particular month, and (b) the product obtained by multiplying (i) the amount referred to in paragraph (a) (ii) the amount, adjusted in such manner as is prescribed and rounded to the nearest one-thousandth or, where the result obtained is equidistant from 2 such consecutive one-thousandths, to the higher thereof, that is determined by the formula A is the Consumer Price Index (within the meaning assigned by subsection 117.1(4)) for the 12-month period that ended on September 30 of the base taxation year, and B is the Consumer Price Index for the 12 month period preceding the period referred to in the description of A. Additions to NCB supplement — July 2005 and 2006
Each amount referred to in the description of F in subsection (1) that is to be used for the purpose of determining the amount deemed to be an overpayment arising during months that are (a) after June 2005 and before July 2006, is to be replaced with the amount that is the total of $185 and the amount otherwise determined under subsection (5) for those months; and (b) after June 2006 and before July 2007, is to be replaced with the amount that is the total of $185 and the amount otherwise determined, for those months, by applying subsection (5) to the amount determined under paragraph (a). Agreement with a province (6.1) Notwithstanding subsection (5), for the purposes of any agreement referred to in section 122.63 with respect to overpayments deemed to arise during months that are after June 2001 and before July 2002, the amount determined under subparagraph (5)(b)(ii) for a month referred to in paragraph (6)(b) is deemed to be 0.012.
If an amount referred to in subsection (1), when adjusted as provided in subsection (5), is not a multiple of one dollar, it shall be rounded to the nearest multiple of one dollar or, where it is equidistant from 2 such consecutive multiples, to the higher thereof.
c) le particulier n’a de lien de dépendance ni avec l’employeur, ni avec les vendeurs; d) la clause restrictive est un engagement du particulier de ne pas fournir, directement ou indirectement, de biens ou de services sous un régime de concurrence avec les biens ou services fournis ou à fournir par l’acheteur, ou par une personne qui lui est liée, dans le cadre de l’exploitation de l’entreprise à laquelle la clause restrictive se rapporte; e) aucun produit n’est reçu ou à recevoir par le particulier pour avoir accordé la clause restrictive; f) la somme qu’il est raisonnable de considérer comme étant la contrepartie de la clause restrictive n’est reçue ou n’est à recevoir que par les vendeurs. Application du paragraphe (5) — réalisation du montant pour achalandage et disposition d’un bien
Extension for notices
Sous réserve du paragraphe (10), le paragraphe (5) s’applique à une clause restrictive accordée par un contribuable si les conditions ci-après sont réunies : a) la clause restrictive est accordée par le contribuable (appelé « vendeur » au présent paragraphe) : (i) soit à un autre contribuable (appelé « acheteur » au présent paragraphe) avec lequel il n’a aucun lien de dépendance (déterminé compte non tenu de l’alinéa 251(5)(b)) au moment où la clause restrictive est accordée, (ii) soit à une autre personne qui est un particulier admissible relativement à lui au moment où la clause restrictive est accordée; b) en cas d’application du sous-alinéa a)(i), la clause restrictive est un engagement du vendeur de ne pas fournir, directement ou indirectement, de biens ou de services sous un régime de concurrence avec les biens ou services fournis ou à fournir par l’acheteur, ou par une personne liée à celui-ci, dans le cadre de l’exploitation de l’entreprise à laquelle la clause restrictive se rapporte, et selon le cas : (i) la somme qu’il est raisonnable de considérer comme étant la contrepartie de la clause restrictive est : (A) incluse par le vendeur dans le calcul d’un montant pour achalandage quant à lui, (B) soit reçue ou à recevoir par une société qui était une société admissible du vendeur au moment où la clause restrictive a été accordée, et Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION D Other Sources of Income
The Minister may, on or before the day that is 10 years after the beginning of the month referred to in subsection (1), extend the time for filing a notice under that subsection.
(i) either Impôt sur le revenu
Where at the beginning of 1993 a person is an eligible individual in respect of a qualified dependant, subsection 122.62(1) does not apply to the person in respect of the qualified dependant if the qualified dependant was an eligible child (within the meaning assigned by subsection 122.2(2) because of subparagraph (a)(i) of the definition eligible child in that subsection) of the individual for the 1992 taxation year.
Where during a particular month a person ceases to be an eligible individual in respect of a particular qualified dependant (otherwise than because of the qualified dependant attaining the age of 18 years), the person shall notify the Minister of that fact before the end of the first month following the particular month. Death of cohabiting spouse
If the cohabiting spouse or common-law partner of an eligible individual in respect of a qualified dependant dies, (a) the eligible individual shall notify the Minister in prescribed form of that event before the end of the first calendar month that begins after that event; and (b) subject to subsection (8), for the purpose of determining the amount deemed under subsection 122.61(1) or (1.2) to be an overpayment arising in that first month and any subsequent month on account of the eligible individual’s liability under this Part for the base taxation year in relation to that first month, the eligible individual’s adjusted income for the year is deemed to be equal to the eligible individual’s income for the year. Separation from cohabiting spouse
If a person ceases to be an eligible individual’s cohabiting spouse or common-law partner, (a) the eligible individual shall notify the Minister in prescribed form of that event before the end of the first calendar month that begins after that event; and (b) subject to subsection (8), for the purpose of determining the amount deemed under subsection 122.61(1) or (1.2) to be an overpayment arising in that first month and any subsequent month on account of the eligible individual’s liability under this Part for the base taxation year in relation to that first month, the eligible individual’s adjusted income for the year is deemed to be equal to the eligible individual’s income for the year. Person becoming a cohabiting spouse
incluse par cette société dans le calcul d’un montant pour achalandage quant à elle relativement à l’entreprise à laquelle la clause restrictive se rapporte, (iii) il est raisonnable de conclure que la clause restrictive fait partie intégrante d’une convention écrite aux termes de laquelle, selon le cas : (A) le vendeur ou sa société admissible dispose de biens (sauf des biens visés à la division (B) ou au sous-alinéa (i)) en faveur de l’acheteur ou de sa société admissible de celui-ci pour une contrepartie reçue ou à recevoir par le vendeur ou par sa société admissible, selon le cas, (B) il est disposé d’actions du capital-actions d’une société (appelée « société cible » au présent paragraphe et au paragraphe (12)) en faveur de l’acheteur ou d’une autre personne qui lui est liée et avec laquelle le vendeur n’a aucun lien de dépendance (déterminé compte non tenu de l’alinéa 251(5)b)), c) en cas d’application du sous-alinéa a)(ii), la clause restrictive est un engagement du vendeur de ne pas fournir, directement ou indirectement, de biens ou services sous un régime de concurrence avec les biens ou services fournis ou à fournir par le particulier admissible, ou par une société admissible de celui-ci, dans le cadre de l’exploitation de l’entreprise à laquelle la clause restrictive se rapporte, et, à la fois : (i) selon le cas : (A) la somme qu’il est raisonnable de considérer comme étant la contrepartie de la clause restrictive est : (I) soit incluse par le vendeur dans le calcul d’un montant pour achalandage quant à lui, (II) soit reçue ou à recevoir par une société qui était une société admissible du vendeur au moment où la clause restrictive a été accordée, et incluse par cette société dans le calcul d’un montant pour achalandage quant à elle relativement à l’entreprise à laquelle la clause restrictive se rapporte, (B) il est raisonnable de conclure que la clause restrictive fait partie intégrante d’une convention écrite aux termes de laquelle, selon le cas : (I) le vendeur ou sa société admissible dispose de biens (sauf des biens visés à la subdivision (ii) the property referred to in clause (b)(ii)(A) or subclause (c)(i)(B)(I), or (iii) the shares referred to in clause (b)(ii)(B) or subclause (c)(i)(B)(II); and (II) (A) à la division (A)) en faveur du particulier admissible ou de la société admissible de celui-ci pour une contrepartie reçue ou à recevoir par le vendeur ou par sa société admissible, selon le cas, (III) il est disposé d’actions du capital-actions de la société admissible du vendeur (appelée « société familiale » au présent paragraphe et au paragraphe (12)) en faveur du particulier admissible ou de la société admissible de celui-ci, (ii) le vendeur réside au Canada au moment de l’octroi de la clause restrictive et de la disposition mentionnée à la division (i)(B), (iii) le vendeur n’a pas, directement ou indirectement, de quelque manière que ce soit, d’intérêt ou, pour l’application du droit civil, de droit sur la société familiale ou sur la société admissible du particulier admissible, selon le cas, après l’octroi de la clause restrictive; d) aucun produit n’est reçu ou à recevoir par le vendeur pour avoir accordé la clause restrictive; e) le paragraphe 84(3) ne s’applique pas à la disposition d’une action de la société cible ou de la société familiale, selon le cas; f) il est raisonnable de considérer que la clause restrictive a été accordée dans le but de maintenir ou de protéger la juste valeur marchande : (i) de l’avantage de la dépense qui découle du montant pour achalandage visé au sous-alinéa b)(i) ou à la division c)(i)(A) et à l’égard duquel le choix conjoint prévu à l’alinéa g) a été fait, (ii) des biens visés à la division b)(ii)(A) ou à la subdivision c)(i)(B)(I), (iii) des actions mentionnées à la division b)(ii)(B) ou à la subdivision c)(i)(B)(II); g) un choix conjoint afin que le paragraphe (5) s’applique à la somme mentionnée au sous-alinéa b)(i) ou à la division c)(i)(A), dans le cas où le paragraphe s’applique par ailleurs, est fait sur le formulaire prescrit : (i) dans le cas du sous-alinéa b)(i), par celui du vendeur ou de sa société admissible qui est tenu d’inclure le montant pour achalandage dans le calcul de son revenu, et par celui de l’acheteur ou sa
If a taxpayer becomes the cohabiting spouse or common-law partner of an eligible individual, (a) the eligible individual shall notify the Minister in prescribed form of that event before the end of the first calendar month that begins after that event; and (b) subject to subsection (8), for the purpose of determining the amount deemed under subsection 122.61(1) or (1.2) to be an overpayment arising in that first month and any subsequent month on account of the eligible individual’s liability under this Part for the base taxation year in relation to that first month, the taxpayer is deemed to have been the eligible individual’s cohabiting spouse or common-law partner at the end of the base taxation year in relation to that month. Ordering of events
For the purpose (a) of applying subsection (7), clause (7)(b)(ii)(A) and subclause (7)(c)(i)(B)(I) apply to a grant of a restrictive covenant only if Anti-avoidance — non-application of subsection (7) Clarification if subsection (5) applies Filing of prescribed form Anti-évitement — non-application du paragraphe (7)
If more than one event referred to in subsections (5) to (7) occur in a calendar month, only the subsection relating to the last of those events to have occurred applies.
Le paragraphe (7) ne s’applique pas relativement à l’octroi d’une clause restrictive par un contribuable dans le cas où le fait de ne pas appliquer l’article 68 à la contrepartie reçue ou à recevoir pour avoir accordé la clause restrictive aurait notamment pour résultat que l’alinéa 3a) ne s’appliquerait pas à toute contrepartie qui, en l’absence des paragraphes (2) à (14), serait incluse dans le calcul du revenu d’un contribuable provenant d’une source qui est une charge, un emploi, une entreprise ou un bien. Précision en cas d’application du paragraphe (2) — somme reçue par une autre personne
For the purposes of this Subdivision (other than subsection (4)), a person is deemed to be a qualified dependant at the beginning of a month if (a) the person died in any of the six preceding months; (b) the person’s date of birth was not 18 years or more prior to the beginning of the month; and (c) the person was a qualified dependant immediately prior to their death.
Il est entendu que toute somme reçue ou à recevoir par un contribuable qui est incluse, par l’effet du paragraphe (2), dans le calcul du revenu d’un autre contribuable n’est pas à inclure dans le calcul du revenu du premier contribuable. Précision en cas d’application du paragraphe (5)
For the purposes of this Subdivision (other than subsection (4)), a person is deemed to be an eligible individual in respect of a qualified dependant at the beginning of a month if (a) that qualified dependant is a qualified dependant at the beginning of that month because of subsection (9); and (b) the person was an eligible individual in respect of the qualified dependant immediately before the qualified dependant’s death.
Il est entendu que, si le paragraphe (5) s’applique relativement à une clause restrictive, a) la somme visée à l’alinéa (6)f) est à ajouter dans le calcul de la somme reçue ou à recevoir par les vendeurs en contrepartie de la disposition de l’intérêt ou du droit visé à l’alinéa (6)b); b) la somme qu’il est raisonnable de considérer comme étant en partie la contrepartie reçue ou à recevoir pour une clause restrictive à laquelle la division (7)b)(ii)(B) ou le sous-alinéa (7)c)(i)(B)(II) s’applique est à ajouter dans le calcul de la contrepartie reçue ou à recevoir par chaque contribuable qui dispose d’actions de la société cible ou d’actions de la société familiale, selon le cas, jusqu’à concurrence de la partie de la contrepartie qui est reçue ou à recevoir par le contribuable. Production du formulaire prescrit
For the purposes of paragraphs (a) and (b) of the description of E in subsection 122.61(1), if a person is deemed to be a qualified dependant at the beginning of a month because of subsection (9), the person is deemed to be the age at the beginning of that month that the person would have been at the beginning of that month had the person not died. Death of child — disability tax credit
Pour l’application des alinéas (3)b) et c) et du paragraphe (7), le choix présenté sur le formulaire prescrit selon ces dispositions doit être accompagné d’une copie de la clause restrictive et être produit selon les modalités suivantes : a) si la personne ayant accordé la clause restrictive résidait au Canada au moment où celle-ci a été accordée, le choix est présenté par la personne au ministre au plus tard à la date d’échéance de production qui lui est applicable pour l’année d’imposition qui comprend le jour où la clause restrictive a été accordée; Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION D Other Sources of Income
For the purposes of paragraph (a) of the description of N in subsection 122.61(1), if a person died on or after July 1 of a particular taxation year and an amount could have been deducted in respect of that person under section 118.3 for that taxation year, an amount is deemed to be deductible under section 118.3 in respect of the person for the immediately following taxation year. Agreement
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2013, c. 34, s. 195; 2016, c. 12, s. 18; 2017, c. 33, s. 15. Exception Limitation Impôt sur le revenu
Agreement
The amounts determined under the description of E in subsection 122.61(1) for a base taxation year because of any agreement entered into with a province and referred to in subsection (1) shall be based on the age of qualified dependants of eligible individuals, or on the number of such qualified dependants, or both, and shall result in an amount in respect of a qualified dependant that is not less, in respect of that qualified dependant, than 85% of the amount that would otherwise be determined under that description in respect of that qualified dependant for that year. Agreement
Any agreement entered into with a province and referred to in subsection (1) shall provide that, where the operation of the agreement results in a total of all amounts, each of which is an amount deemed under subsection 122.61(1) to be an overpayment on account of the liability under this Part for a taxation year of a person subject to the agreement, that exceeds 101% of the total of such overpayments that would have otherwise been deemed to have arisen under subsection 122.61(1), the excess shall be reimbursed by the government of the province to the Government of Canada.
adjusted net income of an individual for a taxation year means the amount that would be the individual’s income for the taxation year if (b) in computing that income, no amount were included under paragraph 56(1)(q.1) or subsection 56(6), in respect of any gain from a disposition of property to which section 79 applies or in respect of a gain described in subsection 40(3.21); and (c) in computing that income, no amount were deductible under paragraph 20(1)(ww) or 60(y) or (z). (revenu net rajusté) cohabiting spouse or common-law partner of an individual at any time has the meaning assigned by section 122.6. (conjoint visé) eligible dependant of an individual for a taxation year means a child of the individual who, at the end of the year, (a) resided with the individual; (b) was under the age of 19 years; and eligible individual for a taxation year means an individual (other than an ineligible individual) who was resident in Canada throughout the taxation year and who was, at the end of the taxation year, (b) the cohabiting spouse or common-law partner of another individual; or eligible spouse of an eligible individual for a taxation year means an individual (other than an ineligible individual) who was resident in Canada throughout the taxation year and who was, at the end of the taxation year, the cohabiting spouse or common-law partner of the eligible individual. (conjoint admissible) ineligible individual for a taxation year means an individual (a) who was described in paragraph 149(1)(a) or (b) at any time in the year; (b) who, unless they were an eligible dependant for the year, was enrolled as a full-time student at a designated educational institution for a period of more than 12 weeks in the year; (c) who was confined to a prison or similar institution for a period of more than 90 days in the year. (particulier non admissible) (a) who is described in paragraph 149(1)(a) or (b) at any time in the taxation year; (b) who, except where the individual has an eligible dependant for the taxation year, was enrolled as a full-time student at a designated educational institution for a total of more than 13 weeks in the taxation year; or (c) who was confined to a prison or similar institution for a period of at least 90 days during the taxation year. (particulier non admissible) return of income filed by an individual for a taxation year means a return of income (other than a return of income filed under subsection 70(2) or 104(23), paragraph 128(2)(e) or subsection 150(4)) that is required to be filed for the taxation year or that would be required to be filed if the individual had tax payable under this Part for the taxation year. (déclaration de revenu) working income, of an individual for a taxation year, means the total of (a) the total of all amounts each of which would, if this Act were read without reference to section 8, be the individual’s income for the taxation year from an office or employment, (b) all amounts that are included because of paragraph 56(1)(n) or (o) or subparagraph 56(1)(r)(v) in computing the individual’s income for a period in the taxation year, and (c) the total of all amounts each of which is the individual’s income for the taxation year from a business carried on by the individual otherwise than as a specified member of a partnership. (revenu de travail) Optional amounts (1.1) An individual may determine the total amount for the definition working income for both the individual and the individual’s eligible spouse, if applicable, for a taxation year as if the Act were read without reference to paragraph 81(1)(a) and subsection 81(4) and if so, the individual shall determine the total amount for the definition adjusted net income for both the individual and the individual’s eligible spouse, if applicable, for the taxation year as if the Act were read without reference to paragraph 81(1)(a) and subsection 81(4). Receipt of social assistance (1.2) For the purposes of applying the definitions eligible dependant and eligible individual in subsection (1) for a taxation year, an individual shall not fail to qualify as a parent (within the meaning assigned by section 252) of another individual solely because of the receipt of a social assistance amount that is payable under a program of the Government of Canada, the government of a province or an Indigenous governing body (as defined in section 2 of the Children’s Special Allowances Act) for the benefit of the other individual, unless the amount is a special allowance under the Children’s Special Allowances Act in respect of the other individual in the taxation year. (a) if an eligible individual had an eligible spouse for a taxation year and the working income for the year of the eligible individual was less than the working income for the year of the eligible spouse, the eligible individual’s adjusted net income for the year is deemed to be the amount, if any, by which the eligible individual’s adjusted net income for the year (determined without reference to this subsection) exceeds the lesser of (i) the eligible individual’s working income for the year, and (b) if an eligible individual had an eligible spouse for a taxation year and the working income for the year of the eligible individual was greater than or equal to the working income for the year of the eligible spouse, the eligible spouse’s adjusted net income for the year is deemed to be the amount, if any, by which the eligible spouse’s adjusted net income for the year (determined without reference to this subsection) exceeds the lesser of Deemed payment on account of tax
b) dans les autres cas, le choix est présenté au ministre au plus tard le jour qui suit de six mois le jour où la clause restrictive est accordée. Non-application de l’article 42
Subject to subsection (5), an eligible individual for a taxation year who files a return of income for the taxation year is deemed to have paid, at the end of the taxation year, on account of tax payable under this Part for the taxation year, an amount equal to the amount, if any, determined by the formula (a) if the individual had neither an eligible spouse nor an eligible dependant, for the taxation year, the lesser of $1,395 and 27% of the amount, if any, by which the individual’s working income for the taxation year exceeds $3,000, and (b) if the individual had an eligible spouse or an eligible dependant, for the taxation year, the lesser of $2,403 and 27% of the amount, if any, by which the total of the working incomes of the individual and, if applicable, of the eligible spouse, for the taxation year, exceeds $3,000; and (a) if the individual had neither an eligible spouse nor an eligible dependant, for the taxation year, 15% of the amount, if any, by which the adjusted net income of the individual for the taxation year exceeds $22,944, and (b) if the individual had an eligible spouse or an eligible dependant, for the taxation year, 15% of the amount, if any, by which the total of the adjusted net incomes of the individual and, if applicable, of the eligible spouse, for the taxation year, exceeds $26,177. Deemed payment on account of tax — disability supplement
L’article 42 ne s’applique pas à la somme reçue ou à recevoir en contrepartie d’une clause restrictive. [NOTE: Les dispositions d’application ne sont pas incluses dans le présent texte codifié; voir les lois et règlements modificatifs appropriés.] 2013, ch. 34, art. 195; 2016, ch. 12, art. 18; 2017, ch. 33, art. 15. Régime de retraite ou de pension 57 (1) Malgré le sous-alinéa 56(1)a)(i), seule est à inclure dans le calcul du revenu d’un contribuable, en ce qui concerne tout paiement reçu par lui dans le cadre d’une caisse ou d’un régime de retraite ou de pension dont le revenu de placement a été, à un moment donné, exonéré d’impôt en vertu de la Loi de l’impôt de guerre sur le revenu en raison de cette exonération faite par les fiduciaires ou par la société administrant la caisse ou le régime, la fraction de ce paiement restant après déduction de la proportion de ce paiement représentée par le plus élevé des rapports suivants: a) le rapport entre, d’une part, le total des sommes versées par le contribuable dans le cadre de la caisse ou du régime au cours de la période pendant laquelle le revenu de cette caisse ou de ce régime était exonéré en raison de ce choix et, d’autre part, le total des sommes qu’il a versées dans le cadre de la caisse ou du régime; b) le rapport entre, d’une part, le total des sommes versées par le contribuable dans le cadre de la caisse ou du régime au cours de la période pendant laquelle le revenu de cette caisse ou de ce régime était exonéré en raison de ce choix et, d’autre part, le total des sommes qu’il a payées dans le cadre de la caisse ou du régime avec des intérêts simples de 3 % par an sur chaque somme ainsi payée, de la fin de l’année du paiement de cette somme jusqu’au début du paiement de la pension de retraite ou de la pension et, d’autre part, le total des sommes qu’il a payées dans le cadre de la caisse ou du régime avec des intérêts simples, calculés de la même manière, afférents à chaque somme ainsi payée. Exception
An eligible individual for a taxation year who files a return of income for the taxation year and who may deduct an amount under subsection 118.3(1) in computing the tax payable under this Part for the taxation year is deemed to have paid, at the end of the taxation year, on account of tax payable under this Part for the taxation year, an amount equal to the amount, if any, determined by the formula C is the lesser of $720 and 27% of the amount, if any, by which the individual’s working income for the taxation year exceeds $1,150; and (a) if the individual had neither an eligible spouse nor an eligible dependant, for the taxation year, 15% of the amount, if any, by which the individual’s adjusted net income for the taxation year exceeds $32,244, and (b) if the individual had an eligible spouse for the taxation year who was not entitled to deduct an amount under subsection 118.3(1) for the taxation year, or had an eligible dependant for the taxation year, 15% of the amount, if any, by which the total of the adjusted net incomes of the individual and, if applicable, of the eligible spouse, for the taxation year, exceeds $42,197. if applicable, of the eligible spouse, for the taxation year, exceeds $42,197, and (c) if the individual had an eligible spouse for the taxation year who was entitled to deduct an amount under subsection 118.3(1) for the taxation year, 7.5% of the amount, if any, by which the total of the adjusted net incomes of the individual and of the eligible spouse, for the taxation year, exceeds $42,197.
Le présent article ne s’applique pas à un paiement reçu par un contribuable dans le cadre d’une caisse ou d’un régime de retraite ou de pension si le contribuable n’a effectué aucun paiement dans le cadre de la caisse ou du régime.
If an eligible individual has an eligible spouse for a taxation year and both those individuals would be, but for this subsection, eligible individuals for the purposes of subsection (2) in respect of the taxation year, (a) if the individuals agree on which individual is the eligible individual for the taxation year, only that individual shall be an eligible individual for the purposes of subsection (2) in respect of the taxation year; and (b) in any other case, only the individual that the Minister designates as the eligible individual for the purposes of subsection (2) in respect of the taxation year.
Lorsqu’un paiement auquel le paragraphe (1) devrait normalement s’appliquer est reçu par un contribuable Payments to widow, etc., of contributor [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1970-71-72, c. 63, s. 1 “57”; 1977-78, c. 1, s. 101(F); 1990, c. 35, s. 29. dans le cadre d’une caisse ou d’un régime de retraite ou de pension au titre d’une période de service pour une partie seulement de laquelle il a effectué des paiements dans le cadre de la caisse ou du régime, le paragraphe (1) ne s’applique qu’à la partie du paiement qu’il est raisonnable de considérer comme ayant été reçue au titre de la période pour laquelle il a effectué des paiements dans le cadre de la caisse ou du régime et toute partie du paiement qu’il est raisonnable de considérer comme ayant été reçue au titre d’une période pour laquelle il n’a pas fait de paiements dans le cadre de la caisse ou du régime est incluse dans le calcul de son revenu pour l’année sans déduction aucune. Paiements reçus d’un régime de pension
For the purpose of applying subsections (2) and (3), if an individual (referred to in this subsection as the “child”) would be, but for this subsection, an eligible dependant of more than one eligible individual for a taxation year, the child is deemed only to be an eligible dependant of (a) if the individuals agree, the agreed upon individual; and (b) in any other case, the individual designated by the Minister.
Lorsqu’un contribuable, au cours de la période allant du 15 août 1944 au 31 décembre 1945, a versé une somme de plus de 300 $ dans le cadre d’un régime de pension agréé, au titre de services qu’il a fournis avant de commencer à effectuer des paiements, seule est incluse dans le calcul de son revenu, en ce qui concerne tout paiement qu’il a reçu dans le cadre du régime, la partie du paiement restant après la déduction de la fraction de ce paiement que représente la partie excédant 300 $ de la somme versée par le contribuable dans le cadre du régime. Paiements à la veuve, etc. d’un cotisant
For the purpose of this Subdivision, if an individual becomes bankrupt in a particular calendar year (a) notwithstanding subsection 128(2), any reference to the taxation year of the individual (other than in this subsection) is deemed to be a reference to the particular calendar year; and (b) the individual’s working income and adjusted net income for the taxation year ending on December 31 of the particular calendar year is deemed to include the individual’s working income and adjusted net income for the taxation year that begins on January 1 of the particular calendar year. Special rules in the event of death
Lorsqu’au titre du décès d’un contribuable qui était cotisant dans le cadre d’une caisse ou d’un régime de retraite ou de pension visé au paragraphe (1) ou (4), une personne reçoit, au cours d’une année d’imposition, un paiement dans le cadre de la caisse ou du régime, seule est incluse dans le calcul du revenu de cette personne pour cette année la partie du paiement qui, si le paiement avait été reçu au cours de l’année, dans le cadre de la caisse ou du régime par le contribuable, aurait été incluse, en vertu du présent article, dans le calcul du revenu du contribuable pour l’année. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1970-71-72, ch. 63, art. 1 « 57 »; 1977-78, ch. 1, art. 101(F); 1990, ch. 35, art. 29. Rentes sur l’État et rentes similaires 58 (1) Pour la détermination de la somme à inclure dans le calcul du revenu d’un contribuable relativement aux paiements qu’il a reçus au cours d’une année d’imposition en vertu de contrats conclus, avant le 26 mai 1932, avec le gouvernement du Canada ou en vertu de contrats de rentes, comme ceux qui ont été passés, dans le cadre de la Loi relative aux rentes sur l’État avant cette date, avec le gouvernement d’une province ou une société constituée ou munie d’une licence pour exploiter un commerce de rentes au Canada, le contribuable déduit du total des paiements reçus la plus faible des sommes suivantes : Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION D Other Sources of Income
For the purpose of this Subdivision, if an individual dies after June 30 of a calendar year (a) the individual is deemed to be resident in Canada from the time of death until the end of the year and to reside at the same place in Canada as the place where the individual resided immediately before death; (b) the individual is deemed to be the same age at the end of the year as the individual would have been if the individual were alive at the end of the year; (c) the individual is deemed to be the cohabiting spouse or common-law partner of another individual (referred to in this paragraph as the “surviving spouse”) at the end of the year if, (i) immediately before death, the individual was the cohabiting spouse or common-law partner of the surviving spouse, and (ii) the surviving spouse is not the cohabiting spouse or common-law partner of another individual at the end of the year; and (d) any return of income filed by a legal representative of the individual is deemed to be a return of income filed by the individual. Modification for purposes of provincial program
(b) $5,000. Annuities before 1940 (b) $1,200. Limitation Capital element Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION D Other Sources of Income Sections 58-59 Spouses or common-law partners Pension benefits Enlargement of annuity [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 58; 1994, c. 7, Sch. VIII, s. 198(E); 2000, c. 12, s. 142. exceeds (b) the total of Impôt sur le revenu
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2007, c. 35, s. 42.
(a) the amount deemed by subsection (1) to have been paid by the individual during the particular month specified for the taxation year would be less than $33; and (b) it is reasonable to conclude that the amount specified in subsection (1) to have been paid by the individual during each subsequent month specified for the taxation year would be less than $33. Single advance payment (a) the total of all amounts that would otherwise be deemed by subsection (1) to have been paid on account of the individual’s tax payable under this Part for the taxation year during the particular month specified for the taxation year, and during each subsequent month specified for the taxation year, is deemed to have been paid by the individual on account of their tax payable under this Part for the taxation year during the particular specified month for the taxation year; and (b) the amount deemed by subsection (1) to have been paid by the eligible individual during those subsequent months specified for the taxation year is deemed, except for the purpose of this subsection, not to have been paid to the extent that it is included in an amount deemed to have been paid by this subsection.
For the purposes of this section, the months specified for a taxation year are July and October of the taxation year and January of the immediately following taxation year. No advance payment
For the purposes of subsection (1), an individual is not an eligible individual for the preceding taxation year in relation to a month specified for a taxation year if the individual (a) dies in the taxation year before the first day of July; (b) is confined to a prison or similar institution for a period in the taxation year of at least 90 days that begins on or before the first day of the specified month; or (c) ceases to be resident in Canada on a day in the taxation year that is on or before the first day of the specified month. Notification to Minister
auxquelles le présent article s’applique est réputée être les rentes au titre desquelles la partie représentant le capital est déductible en vertu de l’alinéa 60a). Époux ou conjoints de fait
If, in the absence of subsection (5), an individual or their cohabiting spouse or common-law partner at the end of the preceding taxation year would be deemed in a taxation year to have paid an amount on account of tax payable for the taxation year under this section, the individual (or, in the case of a deceased individual, their legal representative) shall notify the Minister of the occurrence of any of the following events before the end of the month following the month in which the event occurs: (a) the individual dies in the taxation year; (b) the individual ceases to be resident in Canada in the taxation year; or (c) the individual is confined to a prison or similar institution for a period of at least 90 days in the taxation year. Advance payment – no eligible spouse
Lorsque des époux ou conjoints de fait ont reçu chacun des rentes au titre desquelles ils peuvent faire une déduction en vertu du présent article, le montant déductible est calculé comme si leurs rentes appartenaient à une seule personne et peut être déduit par l’un ou l’autre d’eux, soit réparti entre eux dans les proportions qu’ils fixent ou, en cas de désaccord, que le ministre fixe. Pensions
Subsection (1) is to be applied to a particular individual in relation to a month specified for a taxation year as if section 122.7 applied to the particular individual for the preceding taxation year on the basis that the particular individual had no eligible spouse for the preceding taxation year, if (a) another individual was, for the purposes of section 122.7, the eligible spouse of the particular individual for the preceding taxation year; and (b) the other individual is not, for the purposes of subsection (1), an eligible individual for the preceding taxation year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending acts and regulations.] 2023, c. 26, art. 31. Climate Action Incentive
Le présent article ne s’applique pas aux prestations de retraite ou de pension reçues dans le cadre d’un régime de pension agréé. Augmentation de la rente
eligible individual, in relation to a month specified for a taxation year, means an individual (other than a trust) who (i) a parent who resided with their child, or (ii) married or in a common-law partnership. (particulier admissible) (a) is the individual’s child or is dependent for support on the individual or on the individual’s cohabiting spouse or common-law partner; (b) resides with the individual; (c) is under the age of 19 years; qualified relation, of an individual in relation to a month specified for a taxation year, means the person, if any, who, at the beginning of the specified month, is the individual’s cohabiting spouse or common-law partner. (proche admissible) relevant census means (a) for the 2023 and 2024 taxation years, the 2016 census published by Statistics Canada; and (b) in any other case, the last census published by Statistics Canada before the taxation year. (recensement pertinent) return of income, in respect of a person for a taxation year, means the person’s return of income (other than a return of income under subsection 70(2) or 104(23), paragraph 128(2)(e) or subsection 150(4)) that is required to be filed for the taxation year or that would be required to be filed if the person had tax payable under this Part for the taxation year. (déclaration de revenu)
Pour l’application du présent article, une rente est réputée avoir été augmentée le 25 juin 1940 ou ultérieurement si ce qui est payable en vertu du contrat, à un tel moment, a été accru soit par accroissement du montant de chaque paiement périodique, soit par accroissement du nombre de paiements ou de toute autre façon. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 58; 1994, ch. 7, ann. VIII, art. 198(A); 2000, ch. 12, art. 142. Contrepartie pour un avoir minier étranger 59 (1) Le contribuable qui dispose d’un avoir minier étranger doit inclure dans le calcul de son revenu pour une année d’imposition l’excédent éventuel du montant visé à l’alinéa a) sur la somme visée à l’alinéa b): a) la partie du produit de disposition pour le contribuable, tirée de la disposition de l’avoir, qui devient recevable au cours de l’année; b) la somme des montants suivants: (i) les montants représentant chacun une dépense engagée et effectuée par le contribuable pour réaliser la disposition, qui n’était pas déductible par ailleurs pour l’application de la présente partie, (ii) si l’avoir est un avoir minier étranger à l’égard d’un pays, le montant indiqué en application du présent sous-alinéa dans la formule prescrite accompagnant la déclaration de revenu du contribuable pour l’année relativement à la disposition. (a) any amount referred to in paragraph 66(12.4)(b); (b) any amount referred to in subsection 66.1(1); (c.1) any amount referred to in subsection 66.21(3); (d) any amount referred to in subparagraph 66(10.4)(b)(ii); and (e) any amount referred to in paragraph 66(10.4)(c). Sociétés de personnes (1.1) Lorsqu’un contribuable est un associé d’une société de personnes au cours d’un exercice de celle-ci, sa part du montant qui serait inclus, en application du paragraphe (1) relativement à la disposition d’un avoir minier étranger, dans le calcul du revenu de la société de personnes pour une année d’imposition si celle-ci était une personne, l’exercice était une année d’imposition et il n’était pas tenu compte du sous-alinéa (1)b)(ii) ni de l’alinéa 96(1)d), est réputée être le produit de disposition qui devient à recevoir pour lui à la fin de l’exercice relativement à une disposition de l’avoir qu’il a effectuée. Déduction l’année précédente en vertu de l’ancien art. 64
Despite subsection (1), a person is not an eligible individual, is not a qualified relation and is not a qualified dependant, in relation to a month specified for a taxation year, if the person (b) is confined to a prison or similar institution for a period of at least 90 days that includes the first day of the specified month; (c) is at the beginning of the specified month a non-resident person, other than a non-resident person who (i) is at that time the cohabiting spouse or common-law partner of a person who is deemed under subsection 250(1) to be resident in Canada throughout the taxation year that includes the first day of the specified month, and (ii) was resident in Canada at any time before the specified month; (e) is a person in respect of whom a special allowance under the Children’s Special Allowances Act is payable for the specified month.
Doit être inclus dans le calcul du revenu d’un contribuable pour une année d’imposition tout montant déduit à titre de réserve en vertu du paragraphe 64(1), (1.1) ou (1.2) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts revisés du Canada de 1952, dans le calcul de son revenu pour l’année d’imposition précédente. Remboursement des frais d’exploration et d’aménagement (3.2) Doivent être inclus dans le calcul du revenu d’un contribuable pour une année d’imposition : a) les montants visés à l’alinéa 66(12.4)b); b) les montants visés au paragraphe 66.1(1); c) les montants visés au paragraphe 66.2(1);
For the purposes of this section, an individual is considered to reside at any time only at their principal place of residence. Deemed payment on account of tax
c.1) le montant visé au paragraphe 66.21(3); d) les montants visés au sous-alinéa 66(10.4)b)(ii); e) les montants visés à l’alinéa 66(10.4)c). Montants à inclure dans le revenu (3.3) Doivent être inclus dans le calcul du revenu d’un contribuable pour une année d’imposition : a) 33 1/3 % du total des montants dont chacun représente le produit de la multiplication, par le pourcentage indiqué, d’un des montants suivants : (i) un montant qui est devenu à recevoir par le contribuable après le 31 décembre 1983 et au cours de l’année (autre qu’un montant qui aurait été des frais d’exploration pétrolière et gazière au Canada, si le montant avait été une dépense engagée par lui au moment où le montant est devenu à recevoir), (iii) un montant qui est devenu à recevoir par le contribuable après le 31 décembre 1983 et au cours de l’année et qui aurait été des frais d’exploration pétrolière et gazière au Canada, en vertu de l’alinéa c) ou d) de la définition de frais d’exploration au Canada au paragraphe 66.1(6), se rapportant à un projet admissible de récupération tertiaire de pétrole, si le montant avait été une dépense engagée par lui au moment où le montant est devenu à recevoir, (iii) 30 % d’un montant qui est devenu à recevoir par le contribuable au cours de l’année et en 1984 et qui aurait été des frais d’exploration pétrolière et gazière au Canada (autres que des frais visés à l’alinéa c) de la définition de frais d’exploration au Canada au paragraphe 66.1(6) et se rapportant à un projet admissible de récupération tertiaire de pétrole) engagés relativement à des terres non conventionnelles, si le montant avait été une dépense engagée par le contribuable au moment où le montant est devenu à recevoir et dont la contrepartie donnée par le contribuable consistait en un bien (à l’exclusion d’une action, d’un bien amortissable d’une catégorie prescrite et d’un bien relatif à une ressource canadienne) ou en services, dont il est raisonnable de considérer le coût comme une dépense qui a été ajoutée dans le calcul de la base de la déduction pour épuisement gagné du contribuable ou de la base de la déduction pour épuisement gagné d’un prédécesseur lorsque le contribuable est une société remplaçant le prédécesseur; b) 33 1/3 % du total des montants dont chacun représente le produit de la multiplication, par le pourcentage indiqué, d’un montant relatif à une disposition de biens amortissables d’une catégorie prescrite (à l’exclusion d’une disposition de tels biens qui avaient été utilisés par le contribuable en faveur de toute personne avec qui le contribuable avait un lien de dépendance au moment de la disposition) du contribuable au cours de l’année et après le 11 décembre 1979 dont le coût en capital a été ajouté dans le calcul de la base de la déduction pour épuisement gagné du contribuable ou d’une personne avec qui il avait un lien de dépendance ou dans le calcul de la base de la déduction pour épuisement gagné d’un prédécesseur lorsque le contribuable est une société remplaçant le prédécesseur, qui est égal au moindre des montants suivants : (i) le produit de disposition du bien, (ii) le coût en capital du bien pour le contribuable, la personne avec qui il a un lien de dépendance ou le prédécesseur, selon le cas, calculé comme si aucun montant n’y avait été ajouté en vertu de l’alinéa 21(1)b) ou du paragraphe 21(3); c) 33 1/3 % du total des montants dont chacun représente un montant relatif à une disposition de biens amortissables d’une catégorie prescrite qui sont du matériel d’exploitation de sables bitumineux (à l’exclusion d’une disposition de tels biens qui avaient été utilisés par le contribuable en faveur de toute personne avec qui le contribuable avait un lien de dépendance) du contribuable au cours de l’année, après le 11 décembre 1979 et avant 1990, dont le coût en capital a été ajouté dans le calcul de la base de la déduction supplémentaire pour épuisement du contribuable ou d’une personne avec qui il avait un lien de dépendance ou de la base de la déduction supplémentaire pour épuisement d’un prédécesseur lorsque le contribuable est une société remplaçante du prédécesseur, qui est égal au moindre des montants suivants : (i) le produit de disposition du bien, (ii) le coût en capital du bien pour le contribuable, la personne avec qui il a un lien de dépendance ou le prédécesseur, selon le cas, calculé comme si aucun montant n’y avait été ajouté en vertu de l’alinéa 21(1)b) ou du paragraphe 21(3); d) 50 % du total des montants dont chacun représente un montant relatif à une disposition de biens amortissables d’une catégorie prescrite qui sont du matériel amélioré de récupération (à l’exclusion d’une disposition de tels biens qui avaient été utilisés par le contribuable en faveur de toute personne avec qui le contribuable avait un lien de dépendance) du contribuable au cours de l’année, après le 11 décembre 1979 et avant 1990, dont le coût en capital a été ajouté dans le calcul de la base de la déduction supplémentaire pour épuisement du contribuable ou d’une personne avec qui il avait un lien de dépendance ou de la base de la déduction supplémentaire pour épuisement d’un prédécesseur lorsque le contribuable est une société remplaçante du prédécesseur, qui est égal au moindre des montants suivants : (i) le produit de disposition du bien, (ii) le coût en capital du bien pour le contribuable, la personne avec qui il a un lien de dépendance ou le prédécesseur, selon le cas, calculé comme si aucun montant n’y avait été ajouté en vertu de l’alinéa 21(1)b) ou du paragraphe 21(3); e) 66 2/3 % du total des montants dont chacun représente un montant devenu à recevoir par le contribuable au cours de l’année, après le 11 décembre 1979 et avant 1990, et dont la contrepartie donnée par le contribuable consistait en un bien (à l’exclusion d’une action et d’un avoir minier canadien), ou en services, dont il est raisonnable de considérer le coût comme une dépense relative à un puits de pétrole ou de gaz à l’égard duquel un montant a été ajouté dans le calcul de la base d’exploration frontalière du contribuable ou de la base d’exploration frontalière d’un prédécesseur lorsque le contribuable est une société remplaçant du prédécesseur; f) 33 1/3 % du total des montants dont chacun représente le produit de la multiplication, par le pourcentage indiqué, d’un montant devenu à recevoir par le contribuable au cours de l’année et après le 19 avril 1983 et dont la contrepartie donnée par le contribuable consistait en un bien (à l’exclusion d’une action, d’un bien amortissable d’une catégorie prescrite et d’un avoir minier canadien), ou en services, dont il est raisonnable de considérer le coût comme une dépense incluse dans le calcul de la base de déduction d’épuisement minière du contribuable ou de la base de déduction d’épuisement minière d’un prédécesseur déterminé du contribuable. Definitions (a) the taxpayer, or (b) a person who is a specified predecessor of the taxpayer; (prédécesseur déterminé) Définitions (3.4) Les définitions qui suivent s’appliquent au présent paragraphe et au paragraphe (3.3). pourcentage indiqué a) 100 %, 50 % ou 0 % respectivement, selon qu’il s’agit de multiplier ce pourcentage par un montant visé aux alinéas (3.3)a) ou f) et qui devient à recevoir soit avant juillet 1988, soit après juin 1988 et avant 1990, soit après 1989, par un contribuable; b) 100 %, 50 % ou 0 % respectivement, selon qu’il s’agit de multiplier ce pourcentage par un montant relatif à une disposition de biens amortissables d’un contribuable visée à l’alinéa (3.3)b) et qui est effectuée soit avant juillet 1988, soit après juin 1988 et avant 1990, soit après 1989. (stated percentage) prédécesseur déterminé Personne qui est un prédécesseur : a) soit du contribuable; b) soit d’une personne qui est un prédécesseur déterminé du contribuable. (specified predecessor) Income Tax PART I Income Tax DIVISION D Computation of Income SUBDIVISION D Other Sources of Income
An eligible individual in relation to a month specified for a taxation year who files a return of income for the taxation year is deemed to have paid, during the specified month, on account of their tax payable under this Part for the taxation year, an amount equal to the amount, if any, determined by the formula A is the amount specified by the Minister of Finance for an eligible individual in relation to the specified month for the province (in this subsection and subsection (6) referred to as the “relevant province”) in which the eligible individual resides at the beginning of the specified month; (a) the amount specified by the Minister of Finance for a qualified relation in relation to the specified month for the relevant province, if (i) the eligible individual has a qualified relation at the beginning of the specified month, or (ii) subparagraph (i) does not apply and the eligible individual has a qualified dependant at the beginning of the specified month, and (b) in any other case, nil; C is the amount specified by the Minister of Finance for a qualified dependant in relation to the specified month for the relevant province; D is the number of qualified dependants of the eligible individual at the beginning of the specified month, other than a qualified dependant in respect of whom an amount is included because of subparagraph (a)(ii) of the description of B in relation to the specified month; and (a) 1.2, if there is a census metropolitan area, as determined in the relevant census, in the relevant province and the individual does not reside in a census metropolitan area at the beginning of the specified month, and (b) 1, in any other case. (4.1) Despite subsection (4), if an eligible individual is a shared-custody parent (as defined in section 122.6, but the definition qualified dependant in that section having the meaning assigned by subsection (1)) in respect of one or more qualified dependants at the beginning of a month, the amount deemed by subsection (4) to have been paid during a specified month is equal to the amount determined by the formula A is the amount determined under subsection (4), calculated without reference to this subsection; and B is the amount determined under subsection (4), calculated without reference to this subsection and subparagraph (b)(ii) of the definition eligible individual in section 122.6. (4.2) For the purposes of this section, the months specified for a taxation year are April, July and October of the immediately following taxation year and January of the second immediately following taxation year.
Definition of proceeds of disposition Definitions in regulations under s. 65 Impôt sur le revenu
The Minister of Finance may specify amounts for a province in relation to a month specified for a taxation year for the purposes of this section. If the Minister of Finance does not specify a particular amount that is relevant for the purposes of this section, that particular amount is deemed to be nil for the purpose of applying this section. Deemed rebate in respect of fuel charges
The amount deemed by this section to have been paid during a specified month on account of tax payable for a taxation year is deemed to have been paid during the specified month as a rebate in respect of charges levied under Part 1 of the Greenhouse Gas Pollution Pricing Act in respect of the relevant province.
If an individual is a qualified relation of another individual in relation to a month specified for a taxation year and both those individuals would be, but for this subsection, eligible individuals in relation to the specified month, only the individual that the Minister designates is the eligible individual in relation to the specified month.
If a person would, if this Act were read without reference to this subsection, be the qualified dependant of two or more individuals, in relation to a month specified for a taxation year, SUBDIVISION A.3 Climate Action Incentive (a) the person is deemed to be a qualified dependant, in relation to that month, of the one of those individuals on whom those individuals agree; (b) in the absence of an agreement referred to in paragraph (a), the person is deemed to be, in relation to that month, a qualified dependant of the individuals, if any, who are, at the beginning of that month, eligible individuals (as defined in section 122.6, but the definition qualified dependant in that section having the meaning assigned by subsection (1)) in respect of that person; and (c) in any other case, the person is deemed to be, in relation to that month, a qualified dependant only of the individual that the Minister designates. Notification to Minister (8.1) An individual shall notify the Minister of the occurrence of any of the following events before the end of the month following the month in which the event occurs: (b) a person becomes or ceases to be the individual’s qualified dependant; and (c) a person ceases to be a qualified dependant of the individual, otherwise than because of attaining the age of 19 years.
(b) à l’égard de l’aliénation visée à l’alinéa 59(3.3)b) d’un bien amortissable d’un contribuable : (i) 100 % si le bien a été aliéné avant juillet 1988, (ii) 50 % si le bien a été aliéné après juin 1988 et avant 1990, (iii) 0 % si le bien a été aliéné après 1989; (pourcentage indiqué) société remplaçante Société qui a acquis après le 7 novembre 1969, par achat, fusion, unification, liquidation ou autrement — à l’exclusion d’une fusion visée au paragraphe 87(1.2) et d’une liquidation à laquelle s’appliquent les règles du paragraphe 88(1) —, auprès d’une autre personne — appelée « prédécesseur » au présent paragraphe et au paragraphe (3.3) — la totalité, ou presque, des avoirs miniers canadiens du prédécesseur dans une circonstance visée à l’un des paragraphes 29(25) des Règles concernant l’application de l’impôt sur le revenu et 66.7(1) et (3) à (5). (successor corporation) Variation du pourcentage indiqué (3.5) Malgré la définition de pourcentage indiqué au paragraphe (3.4), le pourcentage indiqué pour un montant qui devient à recevoir par un contribuable dans les 60 jours suivant la fin de 1989 au titre de la disposition de biens ou de services est de 50 % dans le cas où la personne en faveur de laquelle la disposition est effectuée est une société qui, avant la fin de 1989, émet ou prend l’engagement d’émettre une action accréditive et qui, au 31 décembre 1989, renonce, en application du paragraphe 66.12(66), à des frais d’exploration au Canada qui comprennent une dépense au titre de ce montant. Définition de produit de disposition
For the purposes of this section, if an individual becomes bankrupt in a particular calendar year, notwithstanding subsection 128(2), any reference to the taxation year of the individual (other than in this subsection) is deemed to be a reference to the particular calendar year. School Supplies Tax Credit
Au présent article, produit de disposition s’entend au sens de l’article 54. Termes définis par règlement (art. 65)
eligible educator, in respect of a taxation year, means an individual who, at any time during the taxation year, (a) is employed in Canada as a teacher or an early childhood educator at SUBDIVISION A.4 School Supplies Tax Credit (i) an elementary or secondary school, or (ii) a regulated child care facility; and (b) holds a valid and recognized (in the province or territory in which the individual is employed) (i) teaching certificate, licence, permit or diploma, or eligible supplies expense, of an eligible educator for a taxation year, means an amount (other than any amount deducted in computing any person’s income for any taxation year or any amount otherwise included in computing a deduction from any person’s tax payable under this Act for any taxation year) paid by the eligible educator in the taxation year for teaching supplies to the extent that (a) the teaching supplies were (i) purchased by the eligible educator for the purpose of teaching or facilitating students’ learning, (b) the eligible educator is not entitled to receive a reimbursement, allowance or any other form of assistance (other than an amount that is included in computing the income for any taxation year of the eligible educator and that is not deductible in computing the taxable income of the eligible educator) in respect of the amount paid. (dépense admissible) return of income filed by an eligible educator for a taxation year means a return of income (other than a return of income filed under subsection 70(2) or 104(23), paragraph 128(2)(e) or subsection 150(4)) that is required to be filed for the year or that would be required to be filed if the eligible educator had tax payable under this Part for the year. (déclaration de revenu) teaching supplies means (b) prescribed durable goods. (fournitures scolaires) Deemed overpayment
Au présent article, base de la déduction d’épuisement pour équipement minier, base de la déduction d’épuisement gagnée, base de la déduction supplémentaire pour épuisement, base d’exploration frontalière, frais d’exploration pétrolière et gazière [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 59; 2001, c. 17, s. 40. Involuntary disposition of resource property exceeds Impôt sur le revenu
An eligible educator who files a return of income for a taxation year and who makes a claim under this subsection is deemed to have paid, at the end of the year, on account of tax payable under this Part for the year, an amount equal to 25% of the least of (b) the total of all amounts each of which is an eligible supplies expense of the eligible educator for the year; and (c) if the eligible educator fails to provide the certificate referred to in subsection (3) in respect of the year, as and when requested by the Minister, nil.
au Canada, matériel amélioré de récupération, matériel d’exploitation de sables bitumineux, projet admissible de récupération tertiaire de pétrole et terres conventionnelles s’entendent au sens des dispositions réglementaires prises en application de l’article 65. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 59; 2001, ch. 17, art. 40. Disposition involontaire d’un avoir minier
If the Minister so demands, an eligible educator making a claim under this section in respect of a taxation year shall provide to the Minister a written certificate from their employer, or a delegated official of the employer, attesting to the eligible supplies expenses of the eligible educator for the year.
a) le contribuable peut déduire, dans le calcul de son revenu pour l’année donnée, le montant qu’il peut demander sans dépasser au moins l’un des montants suivants : (i) le total des produits qui deviennent recevables par le contribuable au cours de l’année donnée, dans la mesure où ils ont été inclus dans le montant visé à l’alinéa a) de l’élément F de la définition de frais cumulatifs d’aménagement au Canada au paragraphe 66.4(5) ou à l’alinéa a) de l’élément F de la formule figurant à la définition de frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe 66.4(5) à l’égard du contribuable, (ii) le montant qui doit être inclus dans le calcul du revenu du contribuable pour l’année donnée en vertu de l’alinéa 59.3(2)c), (iii) le revenu du contribuable pour l’année donnée déterminé comme non tenu du présent article; b) doit être inclus dans le calcul du revenu du contribuable pour l’année donnée l’excédent éventuel du montant visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le montant déduit en vertu de l’alinéa a), (ii) le total des frais d’exploration au Canada, des frais d’aménagement au Canada et des frais à l’égard de biens canadiens relatifs au pétrole et au gaz qui ont été faits ou engagés par le contribuable au cours des six années d’imposition suivant immédiatement l’année d’imposition donnée et [NOTE: The dispositions of application are not included in this consolidated text; see relevant amendments and regulations.] - R.S., 1985, c. 1 (5th Supp.), s. 59.1; 1994, c. 7, Sch. II, s. 33. SUBDIVISION E Capital element of annuity payments A - (B + C) where (c.1) [Repealed, 1994, c. 7, Sch. VIII, s. 20(2)] (e) the total of (i) 1/2 of the lesser of Pension alimentaire b) le total des montants représentant chacun le résultat du calcul suivant : A - (B + C) où : A représente le total des montants représentant chacun une pension alimentaire que le contribuable a payée après 1996 et avant la fin de l’année à une personne donnée dont il vivait séparé au moment du paiement, B le total des montants représentant chacun une pension alimentaire pour enfants qui est devenue payable par le contribuable à la personne donnée aux termes d’un accord ou d’une ordonnance à la date d’exécution ou postérieurement et avant la fin de l’année relativement à une période ayant commencé à cette date ou postérieurement, C le total des montants représentant chacun une pension alimentaire que le contribuable a payée à la personne donnée après 1996 et qui est déductible dans le calcul de son revenu pour une année d’imposition antérieure; Réattribution du revenu de pension c) si le contribuable est un pensionné, au sens du paragraphe 60.03(1), toute somme qui est un montant de pension fractionné, au sens de ce paragraphe, pour lui pour l’année;
For the purposes of this Subdivision, if an eligible educator becomes bankrupt in a particular calendar year, notwithstanding subsection 128(2), any reference to the taxation year of the eligible educator (other than in this subsection) is deemed to be a reference to the particular calendar year.
c.1) [Abrogé, 1994, ch. 7, ann. VIII, art. 20] Remboursement de la pension alimentaire
If an eligible educator is resident in Canada throughout part of a taxation year and is non-resident throughout another part of the year, the total of the amounts that are deemed to be paid by the eligible educator under subsection (2) for the year cannot exceed the lesser of (i) the amounts deemed to be paid under subsection (2) that can reasonably be considered as wholly applicable to the period or periods in the year throughout which the eligible educator is not resident in Canada, computed as though that period or those periods were the whole taxation year, and (ii) the amounts deemed to be paid under subsection (2) that can reasonably be considered as wholly applicable to the period or periods in the year throughout which the eligible educator is resident in Canada, computed as though that period or those periods were the whole taxation year; and SUBDIVISION A.4 School Supplies Tax Credit (b) the total of the amounts that would have been deemed to have been paid under subsection (2) for the year had the eligible educator been resident in Canada throughout the year. Non-residents
c.2) une somme que le contribuable a payée au cours de l’année ou d’une des deux années d’imposition précédentes, en vertu d’une ordonnance ou d’un jugement rendus par un tribunal compétent, à titre de remboursement d’un montant inclus en application des alinéas 56(1)b) ou c), ou de l’alinéa 56(1)c.1) (tel qu’il s’applique, dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure, aux ordonnances ou jugements rendus avant 1993), dans la mesure où elle n’a pas été déduite dans le calcul du revenu du contribuable pour une année d’imposition antérieure; Intérêts sur droits de succession d) toute somme égale aux intérêts annuels accumulés au cours de l’année d’imposition relativement aux droits de succession et à l’impôt sur les biens transmis par décès; (ii) the lesser of (e.1) the lesser of A − B where Cotisations au RPC/RRQ sur le revenu d’un travail indépendant e) le total des sommes suivantes : (i) la moitié de la moins élevée des sommes suivantes : (A) le total des sommes représentant chacune une somme à payer pour l’année par le contribuable, sur les gains provenant d’un travail qu’il exécute pour son propre compte, à titre de cotisation en application du paragraphe 10(1) du Régime de pensions du Canada ou à titre de semblable cotisation en application d’un régime provincial de pensions, au sens de l’article 3 de cette loi, (B) le maximum à payer à ce titre par le contribuable pour l’année en application du régime; (ii) la moins élevée des sommes suivantes : (A) le total des sommes représentant chacune une somme à payer par le contribuable pour l’année à titre de cotisation d’employé en application des paragraphes 8(1.1) ou (1.2) du Régime de pensions du Canada ou à titre de semblable cotisation en application d’un régime provincial de pensions, au sens de l’article 3 de cette loi, (B) le maximum à payer à ce titre par le contribuable pour l’année en application du régime; Cotisations bonifiées au RPC e.1) la moins élevée des sommes suivantes : (i) le total des sommes représentant chacune une somme à payer par le contribuable pour l’année à titre de cotisation d’employé en application des paragraphes 8(1.1) ou (1.2) du Régime de pensions du Canada ou à titre de semblable cotisation en application d’un régime provincial de pensions, au sens de l’article 3 de cette loi, (ii) le maximum à payer à ce titre par le contribuable pour l’année en application du régime; Créances irrécouvrables f) les créances d’un contribuable, que celui-ci a établies comme étant devenues irrécouvrables au cours de l’année et qui sont à l’égard d’une somme incluse, en raison de l’application des paragraphes 6(3.1) ou 56.4(2), dans le calcul de son revenu pour une année d’imposition antérieure; Income Tax PART I Income Tax DIVISION B Computation of Income
Subsection (2) does not apply in respect of a taxation year of an eligible educator if the eligible educator is, at no time in the year, resident in Canada, unless all or substantially all the eligible educator’s income for the year is included in computing the eligible educator’s taxable income earned in Canada for the year. Canada Training Credit Claimed amount
Premium or payment – FHSA, PRPP, RRSP or RRIF (ii) an eligible amount in respect of the taxpayer for the year under section 60.01, subsection 104(27) or 104(27.1) or paragraph 147(10.2)(d), as Impôt sur le revenu
(a) the training amount limit of the individual for the taxation year, and (b) 50% of the amount that would be deductible under paragraph 118.5(1)(a) or (d) in computing the individual’s tax payable under this Part for the taxation year if (i) this Act were read without reference to subsections 118.5(1.2) and (2), and (ii) the appropriate percentage for the taxation year were 100%. Training amount limit
For the purposes of this section, the training amount limit of an individual for a taxation year is (a) if the taxation year is after 2019 and the individual has attained the age of 26 years, and has not attained the age of 66 years, before the end of the taxation year, the lesser of (i) the amount determined by the formula A is the individual’s training amount limit for the preceding taxation year, (I) the individual has filed a return of income for the preceding taxation year, (II) the individual was resident in Canada throughout the preceding taxation year, (III) the total of the following amounts is greater than or equal to $10,000:
Régime québécois d’assurance parentale — cotisations de travailleur autonome g) la somme obtenue par la formule suivante : A - B où : A représente le total des sommes représentant chacune une somme à payer par le contribuable pour l’année à titre de cotisation en application de la Loi sur l’assurance parentale, L.R.Q., ch. A-29.011, sur les gains provenant d’un travail qu’il exécute pour son propre compte, B le total des sommes représentant chacune une somme qui serait à payer par le contribuable à titre de cotisation d’employé en application de la Loi sur l’assurance parentale, L.R.Q., ch. A-29.011, si ces gains représentaient un revenu d’emploi du contribuable pour l’année; Prime ou paiement – régimes enregistrés i) toute somme qui est déductible, en application des articles 146, 146.3 ou 146.6, ou des paragraphes 147.3(13.1) ou 147.5(19), dans le calcul du revenu du contribuable pour l’année; Transfert de prestation de retraite j) la partie — non déduite dans le calcul du revenu du contribuable pour une année d’imposition antérieure — du total des montants représentant chacun soit un montant admissible par application de l’article 60.01, des paragraphes 104(27) ou (27.1) ou de l’alinéa 147(10.2)d) pour le contribuable pour l’année, soit une prestation de retraite ou de pension (à l’exception d’un montant au titre d’une prestation déduit en application du sous-alinéa 110(1)f)(i) dans le calcul du revenu imposable du contribuable pour une année d’imposition et d’une prestation qui fait partie d’une série de paiements périodiques payables au titre d’un régime de pension qui n’est pas un régime de pension agréé, attribuable aux services que le contribuable ou son époux ou conjoint de fait ou ex-époux ou ancien conjoint de fait a rendus au cours d’une période tout au long de laquelle il ne résidait pas au Canada et incluse dans le calcul du revenu du contribuable pour l’année en application du sous-alinéa 56(1)a)(i), laquelle partie : (i) d’une part, est indiquée par le contribuable dans sa déclaration de revenu produite pour l’année en vertu de la présente partie, (ii) d’autre part, ne dépasse pas le total des montants qu’il a versés au cours de l’année ou dans les 60 jours suivant la fin de cette année : Income Tax PART I Income Tax DIVISION B Computation of Income
(IV) the individual’s income for the preceding taxation year under this Part does not exceed the higher dollar amount referred to in paragraph 117(2)(c), as adjusted under this Act for the preceding taxation year, and (B) nil, in any other case, and C is the amount deemed to have been paid by the individual under subsection (1) in respect of the preceding taxation year, and (ii) the amount determined by the formula D is the total of all amounts deemed to have been paid by the individual under subsection (1) in respect of a preceding taxation year; and (b) nil, in any other case.
Transfer of surplus Payment to registered pension plan (j.02) an amount equal to the lesser of Impôt sur le revenu
For the purpose of this Subdivision, if an individual becomes bankrupt in a particular calendar year, (a) notwithstanding subsection 128(2), any reference to the taxation year of the individual (other than in this subsection) is deemed to be a reference to the particular calendar year; and (b) the individual’s working income and income under this Part for the taxation year ending on December 31 of the particular calendar year is deemed to include the individual’s working income and the income under this Part for the taxation year that begins on January 1 of the particular calendar year. Special rules in the event of death
For the purposes of this section, if an individual dies in a calendar year, (a) the individual is deemed to be resident in Canada from the time of death until the end of the year; (b) the individual is deemed to be the same age at the end of the year as the individual would have been if the individual were alive at the end of the year; and (c) any return of income filed by a legal representative of the individual is deemed to be a return of income filed by the individual. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2019, c. 29, s. 21. Multigenerational Home Renovation Tax Credit
eligible dwelling, of a qualifying individual, for a renovation period taxation year, means a housing unit (including the land subjacent to the housing unit and the immediately contiguous land, but not including the portion of that land that exceeds the greater of ½ hectare and the portion of that land that is necessary for the use and enjoyment of the housing unit as a residence) located in Canada if (a) the qualifying individual or a qualifying relation of the qualifying individual (or a trust under which the qualifying individual or a qualifying relation is a beneficiary) owns — whether jointly with another person or otherwise — at any time in the renovation period taxation year, the housing unit; and (b) the housing unit is ordinarily inhabited, or is reasonably expected to be ordinarily inhabited, within 12 months after the end of the renovation period (i) by the qualifying individual, and (ii) by a qualifying relation of the qualifying individual. (logement admissible) eligible individual, in respect of an eligible dwelling for a renovation period taxation year, means (a) an individual who ordinarily resides, or intends to ordinarily reside, in the eligible dwelling within 12 months after the end of the renovation period in respect of a qualifying renovation of the eligible dwelling and who is (i) a qualifying individual, (ii) the cohabiting spouse or common-law partner (as defined in section 122.6) of a qualifying individual at any time in the renovation period taxation year, or (iii) a qualifying relation of a qualifying individual; or (i) is a qualifying relation of a qualifying individual, and (ii) owns the eligible dwelling or is the beneficiary of a trust that owns the eligible dwelling. (particulier admissible) individual does not include a trust. (particulier) qualifying expenditure, of an individual, means a reasonable outlay or expense that (a) is directly attributable to a qualifying renovation of an eligible dwelling in respect of which the individual is an eligible individual; (b) is made or incurred by the individual before the end of the renovation period in respect of the qualifying renovation referred to in paragraph (a); (c) is the cost of goods acquired or services received, including an outlay or expense for permits required for, or for the rental of equipment used in the course of, the qualifying renovation; and (i) for the cost of annual, recurring or routine repair or maintenance, (ii) to acquire a household appliance, (iv) that is the cost of housekeeping, security monitoring, gardening, outdoor maintenance or similar services, (v) for financing costs in respect of the qualifying renovation, (vi) in respect of goods or services provided by a person not dealing at arm’s length with the individual, unless the person is registered for the purposes of Part IX of the Excise Tax Act, or (vii) that can reasonably be considered to have been reimbursed. (dépense admissible) qualifying individual, in respect of a renovation period taxation year, means an individual who has attained the age of (a) 65 years before the end of the renovation period taxation year; or (b) 18 years before the end of the renovation period taxation year and in respect of whom an amount is deductible, or would be deductible if this Act were read without reference to paragraph 118.3(1)(c), under section 118.3 in computing a taxpayer’s tax payable under this Part for the renovation period taxation year. (particulier déterminé) qualifying relation, of a qualifying individual for a renovation period taxation year, means an individual who (a) has attained the age of 18 years before the end of the renovation period taxation year; and (b) at any time in the renovation period taxation year, is a parent, grandparent, child, grandchild, brother, sister, aunt, uncle, niece or nephew of either the qualifying individual or the cohabiting spouse or common-law partner (as defined in section 122.6) of the qualifying individual. (proche admissible) qualifying renovation means a renovation or alteration of, or addition to, an eligible dwelling of a qualifying individual that (a) is of an enduring nature and integral to the eligible dwelling; and (b) is undertaken to enable the qualifying individual to reside in the dwelling with a qualifying relation of the qualifying individual by establishing a secondary unit within the dwelling for occupancy by the qualifying individual or the qualifying relation. (travaux de rénovation admissibles) renovation period, for a qualifying renovation of an eligible dwelling, means a period that (a) begins at the time that the first qualifying expenditure is made or incurred in respect of the qualifying renovation, and return of income, in respect of an eligible individual for a taxation year, means the eligible individual’s return of income (other than a return of income under subsection 70(2) or 104(23), paragraph 128(2)(e) or subsection 150(4)) that is required to be filed for the taxation year or that would be required to be filed if the eligible individual had tax payable under this Part for the taxation year. (déclaration de revenu) secondary unit means a self-contained housing unit that (a) has a private entrance, kitchen, bathroom and sleeping area, (b) if applicable, meets any local requirements to qualify as a secondary dwelling unit, and Qualifying expenditure — trusts
For the purposes of this section, a qualifying expenditure of a particular individual who is an eligible individual in respect of an eligible dwelling includes an outlay or expense made or incurred by a trust of which the particular individual is a beneficiary, in respect of the eligible dwelling, to the extent of the share of that outlay or expense that is reasonably attributable to the eligible dwelling, having regard to the amount of the outlays or expenses made or incurred in respect of the eligible dwelling, if (a) the outlay or expense would be a qualifying expenditure of the particular individual if the outlay or expense had been made or incurred by that individual; and (b) the trust has notified the particular individual of the amount of the outlay or expenses that are attributable to the eligible dwelling. Deemed overpayment
(A) soit à titre de cotisation dans le cadre d’un régime de pension agréé, à son profit, à l’exclusion de la fraction de cette cotisation qui peut déduire en application de l’alinéa 60 j) ou j.1) ou de l’alinéa 8(1)m) de la présente loi ou de l’alinéa 8(1)m.1) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, dans le calcul de son revenu pour l’année, (B) soit à titre de prime, au sens du paragraphe 146(1), à un régime enregistré d’épargne-retraite dont il est rentier, au sens de ce paragraphe, à l’exclusion de la fraction de cette prime qui il peut indiquer dans sa déclaration de revenu pour une année d’imposition pour l’application de l’alinéa j), (C) soit à titre de versement à un fonds enregistré de revenu de retraite dont il est rentier, au sens du paragraphe 146.3(1), à l’exclusion de la fraction de ce versement qui il indique dans sa déclaration de revenu pour une année d’imposition pour l’application de l’alinéa j); Transfert de surplus j.01) la partie — non déduite dans le calcul du revenu du contribuable pour une année d’imposition précédente — du total des montants dont chacun est un montant reçu par le contribuable avant le 28 mars 1988, qu’il est raisonnable de considérer comme un paiement fait au titre du surplus actuariel afférent à la disposition à prestations déterminées, au sens du paragraphe 147.1(1), d’un régime de pension agréé, et qui est inclus dans le calcul de son revenu pour l’année en application du sous-alinéa 56(1)a)(i) (sauf toute partie de ce montant qu’il déduit en application du paragraphe 60.2(1) dans le calcul de son revenu pour l’année), laquelle partie : (i) d’une part, est indiquée par le contribuable dans sa déclaration de revenu produite pour l’année en vertu de la présente partie, (ii) d’autre part, ne dépasse pas le total des montants qu’il a versés au cours de l’année ou dans les 60 jours suivant la fin de cette année : (A) soit à titre de cotisation dans le cadre d’un régime de pension agréé, à son profit, à l’exclusion de la fraction de cette cotisation qu’il peut déduire en application de l’alinéa j) ou j.1) ou de l’alinéa 8(1)m) de la présente loi ou de l’alinéa 8(1)m.1) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, dans le calcul de son revenu pour l’année, (B) soit à titre de prime, au sens du paragraphe 146(1), à un régime enregistré d’épargne-retraite dont il est rentier, au sens de ce paragraphe, à Income Tax PART I Income Tax DIVISION B Computation of Income
An eligible individual who files a return of income for a renovation period taxation year and who makes a claim under this subsection in that return of income is deemed to have paid, at the end of the taxation year, on account of tax payable under this Part for the taxation year, an amount equal to the amount determined by the formula A is the appropriate percentage for the taxation year; and B is the least of (b) the total of all amounts, each of which is a qualifying expenditure of the individual in respect of a qualifying renovation that ended in the taxation year, and (c) if the individual is not resident in Canada throughout the taxation year, nil.
(ii) the total of (II) interest in respect of a repayment referred to in subclause 60(j.02)(ii)(B)(I), Repayments of pre-1990 pension benefits (j.03) an amount equal to the lesser of Impôt sur le revenu
For the purpose of this section, (a) in respect of a qualifying individual, there may only be one qualifying renovation for the purpose of a claim under subsection (3) by all taxpayers during the lifetime of the qualifying individual; (b) a maximum of $50,000 of qualifying expenditures may be claimed by all taxpayers in respect of the same qualifying renovation; and (c) if more than one taxpayer is entitled to a deduction under subsection (3) in respect of the same qualifying individual or the same qualifying renovation and the taxpayers cannot agree as to what portion of the amount each can so deduct, the Minister may fix the portions.
For the purpose of this Subdivision, if an eligible individual becomes bankrupt in a particular calendar year, despite subsection 128(2), any reference to the taxation year of the eligible individual is deemed to be a reference to the particular calendar year. Special rules in the event of death
For the purpose of this section, if an eligible individual or a qualifying individual dies in a calendar year, (a) the deceased individual is deemed to be resident in Canada from the time of death until the end of the year if, immediately before death, the deceased individual was resident in Canada; (b) the deceased individual is deemed to be the same age at the end of the year as the individual would have been if the individual were alive at the end of the year; (c) the deceased individual is deemed to be the cohabiting spouse or common-law partner of another individual (referred to in this paragraph as the “surviving spouse”) at the end of the year if (i) immediately before death, the deceased individual was the cohabiting spouse or common-law partner (as defined in section 122.6) of the surviving spouse, and (ii) the surviving spouse is not the cohabiting spouse or common-law partner (as defined in section 122.6) of another individual at the end of the year. (ii) the surviving spouse is not the cohabiting spouse or common-law partner (as defined in section 122.6) of another individual at the end of the year; and (d) any return of income filed by a legal representative of the deceased individual is deemed to be a return of income filed by the individual. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2022, c. 19, s. 19; 2024, c. 17, s. 32. Rules Applicable to Corporations Rate for corporations
(a) 38% of its amount taxable for the year.
Versement à un régime de pension agréé j.02) la moins élevée des sommes suivantes : (i) le total des montants suivants, à l’exception de la partie de ce total qui est déductible en application de l’alinéa 8(1)m) ou de l’alinéa j.03) dans le calcul du revenu du contribuable pour l’année : (A) les cotisations que le contribuable a versées au cours de l’année à des régimes de pension agréés au titre des services admissibles qu’il a accomplis dans le cadre des régimes avant 1990, s’il s’agit de cotisations qu’il était tenu de verser aux termes d’un accord écrit conclu avant le 28 mars 1988, (B) les montants représentant chacun un montant que le contribuable a versé au cours de l’année à un régime de pension agréé au titre, selon le cas : (I) du remboursement, effectué en application d’une disposition législative visée par règlement, d’un montant provenant du régime et inclus, en application du paragraphe 56(1), dans le calcul du revenu du contribuable pour une année d’imposition se terminant avant 1990, s’il s’agit d’un remboursement que le contribuable était tenu de faire par suite d’un choix écrit effectué avant le 28 mars 1988, (II) des intérêts afférents au remboursement visé à la subdivision (I), (ii) le total des montants représentant chacun un montant, faisant partie d’une série de paiements périodiques, qui est prévu par un régime de pension agréé, ou en provient, et qui est inclus, en application du paragraphe 56(1), dans le calcul du revenu du contribuable pour l’année, à l’exception de la partie de ce total qui est raisonnable de considérer comme indiquée dans la déclaration de revenu du contribuable pour l’application de l’alinéa j.2); Remboursement des prestations de pension antérieures à 1990 j.03) la moins élevée des sommes suivantes : (i) le total des montants représentant chacun un montant versé par le contribuable au cours de l’année ou d’une année d’imposition antérieure à un régime de pension agréé, qui n’était pas déductible Repayments of post-1989 pension benefits (ii) interest in respect of a repayment referred to in subparagraph 60(j.04)(i), Transfer of retiring allowances dans le calcul du revenu du contribuable pour une année d’imposition antérieure et qui a été versé au titre, selon le cas : (A) du remboursement, effectué en application d’une disposition législative visée par règlement, d’un montant provenant du régime et inclus, en application du paragraphe 56(1), dans le calcul du revenu du contribuable pour une année d’imposition se terminant après 1989, (B) des intérêts afférents au remboursement visé à la division (A), (iii) l’excédent éventuel de 3 500 $ sur le montant déduit en application de l’alinéa 8(1)m) dans le calcul du revenu du contribuable pour l’année; Remboursement des prestations de pension postérieures à 1989 j.04) le total, sauf dans la mesure où il est déductible en application de l’alinéa 8(1)m) dans le calcul du revenu du contribuable pour l’année, des montants représentant chacun un montant payé par le contribuable au cours de l’année à un régime de pension agréé : (i) au titre du remboursement, effectué en application d’une disposition législative visée par règlement, d’un montant provenant du régime et qui, à la fois : (A) a été inclus, en application du paragraphe 56(1), dans le calcul du revenu du contribuable pour une année d’imposition se terminant après 1989, (B) peut raisonnablement être considéré comme n’ayant pas été indiqué dans la déclaration de revenu du contribuable pour l’application de l’alinéa j.2), (ii) des intérêts afférents au remboursement visé au sous-alinéa (i); Transfert d’allocations de retraite j.1) la partie du total des montants dont chacun représente un montant versé au contribuable à titre d’allocation de retraite par un employeur ou dans le cadre d’une convention de retraite à laquelle l’employeur a cotisé et inclus dans le calcul du revenu du contribuable pour l’année, en vertu du sous-alinéa 56(1)a)(ii) ou de l’alinéa 56(1)x), qui, à la fois : (i) est indiquée par le contribuable dans sa déclaration de revenu produite pour l’année en vertu de la présente partie, Income Tax PART I Income Tax DIVISION B Computation of Income
(a) the tax payable under this Part by the corporation for the year determined without reference to this section, sections 123.2 and 126 (except for the purposes of subsection 125(1) and section 125.1), subsections 127(3) and (5), 127.2(1) and 127.3(1) of this Act and paragraph 123(1)(b) and subsection 127(13) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, and as if subsection 124(1) of this Act were read without reference to the words “in a province” in that subsection (b) in the case of a Canadian-controlled private corporation to which subsection 125(1) applies, the amount, if any, by which (i) 15% of the least of the amounts, if any, determined under paragraphs 125(1)(a) to (c) in respect of the corporation for the year (ii) the amount, if any, determined under paragraph 125.1(1)(b) in respect of the corporation for the year, (c) in the case of a mutual fund corporation, the least of the amounts that would be determined under paragraphs (a) to (c) of the description of A in the definition refundable capital gains tax on hand in subsection 131(6) in respect of the corporation for the year if this Act were read without reference to this section, that the number of days in that portion of the year that is after June 30, 1985 and before 1987 is of the number of days in the year. Refundable tax — CCPC or substantive CCPC
Impôt sur le revenu
(a) the corporation’s aggregate investment income for the year (within the meaning assigned by subsection 129(4)), and (b) the amount, if any, by which its taxable income for the year exceeds the least of the amounts determined in respect of it for the year under paragraphs 125(1)(a) to (c).
full rate taxable income of a corporation for a taxation year is (a) if the corporation is not a corporation described in paragraph (b) or (c) for the year, the amount by which that portion of the corporation’s taxable income for the year (or, for greater certainty, if the corporation is non-resident, that portion of its taxable income earned in Canada for the year) that is subject to tax under subsection 123(1) exceeds the total of (i) if an amount is deducted under subsection 125.1(1) from the corporation’s tax otherwise payable under this Part for the year, the amount obtained by dividing the amount so deducted by the corporation’s general rate reduction percentage for the taxation year, (ii) if an amount is deducted under subsection 125.1(2) from the corporation’s tax otherwise payable under this Part for the year, the amount determined, in respect of the deduction, by the formula in that subsection, (iii) the corporation’s income for the year from a personal services business, and (iv) if the corporation is a credit union throughout the year and the corporation deducted an amount for the year under subsection 137(3) (because of the application of subsections 137(3) and (4)), the amount, if any, that is the product of the amount, if any, determined for B in subsection 137(3) multiplied by the amount determined for C in subsection 137(3) in respect of the corporation for the year; (b) if the corporation is a Canadian-controlled private corporation throughout the year or a substantive CCPC at any time in the year, the amount by which that portion of the corporation’s taxable income for the year that is subject to tax under subsection 123(1) exceeds the total of (i) the amounts that would, if paragraph (a) applied to the corporation, be determined under subparagraphs (a)(i) to (iv) in respect of the corporation for the year, (ii) the least of the amounts, if any, determined under paragraphs 125(1)(a) to (c) in respect of the corporation for the year, and (iii) except for a corporation that is, throughout the year, a cooperative corporation (within the meaning assigned by subsection 136(2)) or a credit union, the corporation’s aggregate investment income for the year, within the meaning assigned by subsection 129(4); and (c) if the corporation is throughout the year an investment corporation, a mortgage investment corporation or a mutual fund corporation, nil. (revenu imposable au taux complet) general rate reduction percentage of a corporation for a taxation year is the total of (a) that proportion of 7% that the number of days in the taxation year that are before 2008 is of the number of days in the taxation year, (b) that proportion of 8.5% that the number of days in the taxation year that are in 2008 is of the number of days in the taxation year, (c) that proportion of 9% that the number of days in the taxation year that are in 2009 is of the number of days in the taxation year, (d) that proportion of 10% that the number of days in the taxation year that are in 2010 is of the number of days in the taxation year, (e) that proportion of 11.5% that the number of days in the taxation year that are in 2011 is of the number of days in the taxation year, and (f) that proportion of 13% that the number of days in the taxation year that are after 2011 is of the number of days in the taxation year. (pourcentage de réduction du taux général) General deduction from tax
There may be deducted from a corporation’s tax otherwise payable under this Part for a taxation year the product obtained by multiplying the corporation’s general rate reduction percentage for the year by the corporation’s full rate taxable income for the year. Tax on personal services business income
(ii) ne dépasse pas l’excédent éventuel du total des montants suivants : (A) le produit de 2 000 $ et du nombre d’années antérieures à 1996 pendant lesquelles l’employé ou ancien employé a l’égard duquel le versement a été fait (appelé « retraité » au présent alinéa) était employé par l’employeur ou par une personne liée à celui-ci, (B) le produit de 1 500 $ et de l’excédent du nombre d’années, antérieures à 1989, visé à la division (A) sur le nombre qu’il est raisonnable de considérer comme le nombre équivalent d’années, antérieures à 1989, pour lesquelles les prestations de l’employeur versées aux termes d’un régime de pension ou d’un régime de participation différée aux bénéfices de l’employeur ou d’une personne liée à celui-ci étaient acquises au retraité au moment du versement, sur le total des montants suivants : (C) les montants déduits en application du présent alinéa au titre des sommes versées avant l’année relativement au retraité par l’employeur ou une personne liée à celui-ci, (C.1) les autres montants déduits en application du présent alinéa pour l’année au titre des sommes versées au cours de l’année relativement au retraité par une personne liée à l’employeur ou dans le cadre d’une convention de retraite à laquelle la personne a cotisé, (D) les montants déduits selon l’alinéa t) dans le calcul du revenu du retraité pour l’année relativement à une convention de retraite à laquelle l’employeur ou une personne liée à celui-ci a cotisé, (iii) ne dépasse pas le total des sommes dont chacune représente une somme payée par le contribuable au cours de l’année ou dans les 60 jours suivant la fin de l’année relativement au montant qui a ainsi indiqué : (A) soit à titre de cotisation dans le cadre d’un régime de pension agréé, à l’exception de la fraction de cette cotisation qui est déductible en vertu de l’alinéa j) ou 8(1)m) dans le calcul de son revenu pour l’année, Income Tax PART I Income Tax DIVISION B Computation of Income
bank or life insurer group member means a corporation that is (b) a life insurance corporation that carries on business in Canada; or Additional tax payable
Transfer to spousal RRSP (A) $6,000, Transfer of refund of premiums under RRSP Impôt sur le revenu
There shall be added to the tax otherwise payable under this Part for a taxation year, by a corporation that is a bank or life insurer group member at any time during the taxation year, an amount determined by the formula A is the corporation’s taxable income for the taxation year (or the corporation’s taxable income earned in Canada if the corporation is non-resident in the taxation year); and (a) if the corporation is not related to another bank or life insurer group member at the end of the taxation year of the corporation, (i) where corporation’s taxation year is not less than 51 weeks, $100 million, and (ii) in any other case, the amount determined by the formula C is the number of days in the taxation year, (b) in any other case, subject to subsection (5), nil. Related group
For the purposes of this section, a corporation that is described in paragraph (a) or (b) of the definition bank or life insurer group member in subsection (1) at any time during a taxation year and that was related to another bank or life insurer group member at the end of the year (in this section, the corporation and each such bank or life insurer group member are referred to together as the “related group”) may file with the Minister, with the corporation’s return of income, an agreement in prescribed form on behalf of the related group under which an amount that does not exceed $100 million is allocated among the related group for all taxation years of members of the related group ending in the same calendar year. Allocation by Minister
The Minister may request a corporation that is a member of a related group at any time during a taxation year to file with the Minister an agreement referred to in subsection (3) and, if the corporation does not file the agreement within 30 days after receiving the request, the Minister may allocate the amount referred to in subsection (3) among the related group for the taxation years of the bank or life insurer group members ending in the same calendar year. Allocation
For the purposes of this section, the least amount allocated for a taxation year to each bank or life insurer group member under an agreement described in subsection (3) or by the Minister under subsection (4) is the amount determined for B in subsection (2) for the taxation year of that member, but, if no such allocation is made, the amount determined for B in subsection (2) of each bank or life insurer group member for that year is nil. Anti-avoidance
(B) soit à titre de prime (au sens de l’article 146) en vertu d’un régime enregistré d’épargne-retraite aux termes duquel il est le rentier (au sens de l’article 146), à l’exception de la fraction de cette prime désignée pour l’application de l’alinéa j) ou l), dans la mesure où elle n’a pas été déduite dans le calcul de son revenu pour une année d’imposition antérieure; pour l’application du présent alinéa, sont compris parmi les personnes liées à l’employeur : (iv) toute personne dont l’entreprise a été acquise ou continuée par l’employeur, (v) un ancien employeur du retraité, dans la mesure où le temps passé au service de cet ancien employeur est reconnu pour établir les prestations de retraite du retraité; Transfert au REER du conjoint j.2) Pour les années d’imposition se terminant après 1988 et avant 1995, la partie du total des paiements périodiques (à l’exception des montants payés au titre d’un fonds enregistré de revenu de retraite qui, par l’effet de l’article 254, sont considérés comme des paiements faits dans le cadre d’un régime de pension agréé) prévus dans le cadre d’un régime de pension agréé ou d’un régime de participation différée aux bénéfices et inclus en application du paragraphe 56(1) dans le calcul de son revenu pour l’année, (i) d’une part, est indiquée par le contribuable dans sa déclaration de revenu produite pour l’année en vertu de la présente partie, (ii) d’autre part, ne dépasse pas le moins élevé des montants suivants : (A) 6 000 $, (B) l’excédent éventuel de ce total sur la partie de ce total qu’il indique dans sa déclaration de revenu pour l’année pour l’application de l’alinéa j) ou qu’il déduit selon l’alinéa 60k) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts revisés du Canada de 1952, dans le calcul de son revenu pour l’année, (C) le total des montants représentant chacun un montant que le contribuable a versé au cours de l’année ou des 60 jours suivant la fin de l’année à titre de prime, au sens du paragraphe 146(1), à un régime enregistré d’épargne-retraite (D) annual or more frequent periodic payments dont son époux ou conjoint de fait (ou, si le contribuable est décédé au cours de l’année ou des 60 jours suivant la fin de l’année, le particulier qui était son époux ou conjoint de fait immédiatement avant le décès) est rentier, au sens de ce paragraphe, dans la mesure où ce montant n’a pas été déduit dans le calcul du revenu du contribuable pour une année d’imposition antérieure; Transfert de REER l) le total des montants représentant chacun un montant versé par le contribuable, pour son compte, au cours de l’année ou dans les 60 jours suivant la fin de l’année (ou au cours d’une période plus longue suivant la fin de l’année si le ministre estime acceptable): (i) à titre de prime en vertu d’un régime enregistré d’épargne-retraite dont le contribuable est rentier, (ii) afin d’acheter à une personne titulaire d’une licence en vertu des lois applicables à la législation fédérale ou provinciale à exploiter un commerce de rentes au Canada, une rente: (A) dont le contribuable est rentier et qui est: (I) soit une rente viagère simple pour le contribuable ou pour le contribuable et son époux ou conjoint de fait survivant, sans durée garantie ou pour une durée garantie égale ou inférieure à la différence entre 90 et l’âge du contribuable en années accomplies au moment de l’achat de la rente ou, s’il est moindre, l’âge de son époux ou conjoint de fait en années accomplies à ce moment, (II) soit une rente, pour un nombre d’années égal à la différence entre 90 et l’âge, en années accomplies, du contribuable ou de son époux ou conjoint de fait au moment de l’achat de la rente, (B) dont est rentier le contribuable pour un nombre d’années ne dépassant pas la différence entre 18 et l’âge du contribuable en années accomplies au moment de l’achat de la rente, cette rente ne devant pas prévoir d’autres versements, sauf les suivants: (C) le paiement unique à effectuer par le contribuable ou pour son compte, (D) des versements à effectuer périodiquement à intervalles réguliers ne dépassant pas un an et qui, à la fois: (I) equal annual or more frequent periodic payments thereafter, or or (I) commencent au plus tard une année après la date du paiement visé à la division (C), (II) sont égaux entre eux, ou ne le sont pas en raison seulement d’un rajustement qui serait conforme aux sous-alinéas 146(3)(b)(iii) à (v) si la rente était prévue par un régime d’épargne-retraite, (E) des versements découlant de la conversion totale ou partielle de la rente et, par la suite, en cas de conversion partielle : (I) soit des versements égaux à effectuer périodiquement à intervalles ne dépassant pas un an, (II) soit des versements à effectuer périodiquement à intervalles ne dépassant pas un an qui ne sont pas égaux entre eux en raison seulement d’un rajustement qui serait conforme aux sous-alinéas 146(3)(b)(iii) à (v) si la rente était prévue par un régime d’épargne-retraite, (iii) en contrepartie d’un fonds enregistré de revenu de retraite dont le contribuable est rentier, à l’émetteur de ce fonds, lorsque ce total : (iv) est indiqué par le contribuable dans sa déclaration de revenu produite l’année en vertu de la présente partie, (v) ne dépasse pas le total des sommes suivantes : (A) la somme ajoutée dans le calcul de son revenu pour l’année à titre de remboursement de primes dans le cadre d’un régime enregistré d’épargne-retraite dont l’époux ou conjoint de fait du contribuable était rentier, (A.1) la somme ajoutée dans le calcul de son revenu pour l’année à titre de paiement (sauf un paiement qui fait partie d’une série de paiements périodiques) reçu par le contribuable au titre d’un régime de pension agréé collectif par suite du décès d’un particulier qui était, immédiatement avant le décès, son époux ou conjoint de fait, (A.2) la somme ajoutée dans le calcul de son revenu en application du paragraphe 146.5(3) pour l’année à titre de paiement par suite du décès d’un particulier qui était : (B.1) the least of 2 a refund of premiums out of or under a registered retirement savings plan, or (I) immédiatement avant le décès, son époux ou conjoint de fait, (II) le père, la mère, le grand-père ou grand-mère du contribuable si ce dernier, immédiatement avant le décès, était financièrement à la charge du particulier en raison d’une infirmité mentale ou physique, (B) la somme ajoutée dans le calcul de son revenu pour l’année à titre de paiement de primes dans le cadre d’un régime enregistré d’épargne-retraite dans le cas où le contribuable était à la charge du rentier du régime en raison d’une infirmité mentale ou physique, (B.01) la somme ajoutée dans le calcul de son revenu pour l’année à titre de paiement (sauf un paiement afférent à un surplus actuariel ou faisant partie d’une série de paiements périodiques) qu’il reçoit dans le cadre d’un régime de pension agréé, d’un régime de pension agréé collectif ou d’un régime de pension déterminé par suite du décès d’un particulier dont il était l’enfant ou le petit-enfant, dans le cas où le contribuable, immédiatement avant le décès de ce particulier, financièrement à la charge de celui-ci en raison d’une déficience mentale ou physique, (B.1) la moins élevée des sommes suivantes : (I) la somme versée par le contribuable ou pour son compte afin d’acheter une rente visée au sous-alinéa (ii), compte non tenu de la division (A), (II) la somme, sauf la partie de celle-ci qui est comprise dans la somme visée aux divisions (B), (B.01) ou (B.2), ajoutée dans le calcul du revenu du contribuable pour l’année, par suite du décès d’un particulier dont le contribuable est l’enfant ou le petit-enfant, à titre, selon le cas : 1 de paiement (sauf un paiement afférent à un surplus actuariel ou faisant partie d’une série de paiements périodiques) que le contribuable reçoit dans le cadre d’un régime de pension agréé, d’un régime de pension agréé collectif ou d’un régime de pension déterminé, 2 de remboursement de primes prévu dans le cadre d’un régime enregistré d’épargne-retraite, Income Tax PART I Income Tax DIVISION B Computation of Income
If an amount has been deducted in computing the income of a corporation, the amount is deemed not to have been deducted in computing the corporation’s taxable income, or taxable income earned in Canada, as the case may be, for the purpose of computing the tax payable by the corporation under subsection (2), if (a) the deduction is in respect of an amount that can reasonably be considered to have been paid or payable (in this subsection referred to as “the payment”), directly or indirectly, to a person or partnership that was not dealing at arm’s length with the corporation; (b) the person or partnership was not a bank or life insurer group member; and (c) it can reasonably be considered that one of the purposes of the payment was to reduce the tax payable by the corporation under subsection (2). [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2022, c. 19, s. 20. Deduction from corporation tax
exceeds exceeds Succession duties applicable to certain property Impôt sur le revenu
Notwithstanding subsection 124(1), no deduction may be made under this section from the tax otherwise payable under this Part for a taxation year by a corporation in respect of any taxable income of the corporation for the year that is not, because of an Act of Parliament, subject to tax under this Part or by a prescribed federal Crown corporation that is an agent of Her Majesty.
In this section, province includes the Newfoundland offshore area and the Nova Scotia offshore area; (province) Small business deduction
(a) the amount, if any, by which the total of (i) the total of all amounts each of which is the amount of income of the corporation for the year from an active business carried on in Canada, other than an amount that is (C) paid or payable to the corporation by another corporation with which it is associated, that is deemed by subsection 129(6) to be income for the year from an active business carried on by the corporation in circumstances where the associated corporation is not a Canadian-controlled private corporation or is a Canadian-controlled private corporation that has made an election under subsection 256(2) in respect of its taxation year in which the amount was paid or payable, exceeds the total of (iii) the total of all amounts each of which is a loss of the corporation for the year from an active business carried on in Canada (other than a loss of the corporation for the year from a business carried on by it as a member of a partnership), and (b) the amount, if any, by which the corporation’s taxable income for the year exceeds the total of (i) 100/28 of the total of the amounts that would be deductible under subsection 126(1) from the tax for the year otherwise payable under this Part by it if those amounts were determined without reference to sections 123.3 and 123.4, (ii) the amount determined by multiplying the total of the amounts that would be deductible under subsection 126(2) from the tax for the year otherwise payable under this Part by it, if those amounts were determined without reference to section 123.4, by the relevant factor for the year, and (iii) the amount, if any, of the corporation’s taxable income for the year that is not, because of an Act of Parliament, subject to tax under this Part, and (c) the corporation’s business limit for the year. Small business deduction rate (1.1) For the purpose of subsection (1), a corporation’s small business deduction rate for a taxation year is the total of (a) that proportion of 17.5% that the number of days in the taxation year that are before 2018 is of the number of days in the taxation year, (b) that proportion of 18% that the number of days in the taxation year that are in 2018 is of the number of days in the taxation year, and (c) that proportion of 19% that the number of days in the taxation year that are after 2018 is of the number of days in the taxation year.
3 de prestation désignée (s’entendant, à la présente division, au sens du paragraphe 146.3(1)) prévue par un fonds enregistré de revenu de retraite, (III) l’excédent éventuel du montant déterminé selon la subdivision (II) à l’égard du contribuable pour l’année sur l’excédent éventuel du total visé à la sous-subdivision 1 sur le total visé à la sous-subdivision 2 : 1 le total des prestations désignées du contribuable pour l’année prévues par des fonds enregistrés de revenu de retraite, 2 le total des montants qui seraient des montants admissibles du contribuable pour l’année relativement à ces fonds (au sens du paragraphe 146.3(6.11), à supposer que le contribuable est visé à l’alinéa 146.3(6.11)b)), (B.2) les montants admissibles du contribuable pour l’année relativement à des fonds enregistrés de revenu de retraite (au sens du paragraphe 146.3(6.11)), et si le montant est versé par transfert direct de l’émetteur d’un régime enregistré d’épargne-retraite ou d’un fonds enregistré de revenu de retraite : (C) la somme ajoutée dans le calcul de son revenu pour l’année en raison du versement visé au sous-alinéa 146(2)b)(ii), (D) l’excédent éventuel du montant visé à la subdivision (I) sur l’excédent visé à la subdivision (II): (I) le montant que le contribuable a retiré dans le cadre d’un fonds enregistré de revenu de retraite et qui est retiré et qui est ajouté dans le calcul de son revenu pour l’année par l’effet du paragraphe 146.3(5), (II) l’excédent éventuel du minimum, au sens du paragraphe 146.3(1), à retirer du fonds pour l’année sur le total des montants retirés du cadre du fonds au cours de l’année par un particulier qui en était le rentier avant que le contribuable ne le devienne et qui sont inclus dans le calcul du revenu de ce particulier pour l’année par l’effet du paragraphe 146.3(5), Repayment of pension or benefits (ii) a benefit described in clause 56(1)(a)(i)(B), (v) a benefit described in subparagraph 56(1)(a)(vi), (v.1) a benefit described in subparagraph 56(1)(a)(vii), and Repayment of pension benefits (vi) n’a pas été déduit dans le calcul de son revenu pour une année d’imposition antérieure; Paiements à un régime enregistré d’épargne-invalidité m) la somme que permet l’article 60.02 au titre de paiements à un régime enregistré d’épargne-invalidité; Droits successoraux applicables à certains biens
For the purpose of this section, a corporation’s business limit for a taxation year is $500,000 unless the corporation is associated in the taxation year with one or more other Canadian-controlled private corporations, in which case, except as otherwise provided in this section, its business limit is nil. Associated corporations
m.1) la fraction d’une prestation de retraite ou de pension, prestation consécutive au décès, prestation en vertu d’un régime enregistré d’épargne-retraite ou d’un régime de participation différée aux bénéfices, ou prestation constituant un paiement effectué en vertu d’un contrat de rente de revenu moyen, reçue au cours de l’année par le contribuable, lors du décès d’un prédécesseur ou par la suite, en paiement ou au titre de biens dont le contribuable est l’héritier, représentée par le rapport entre : (i) d’une part, la partie de tous droits successoraux payables en vertu d’une loi provinciale à la suite du décès du prédécesseur et qu’il est raisonnable de considérer comme imputable aux biens en paiement ou au titre desquels la prestation a été ainsi reçue, (ii) d’autre part, la valeur des biens en paiement ou au titre desquels la prestation a été ainsi reçue, ainsi qu’elle est calculée dans le cadre de la loi visée au sous-alinéa (i); Remboursement des pensions ou prestations n) un montant payé par le contribuable au cours de l’année en remboursement, autrement que par l’effet de la partie VII de la Loi sur l’assurance-emploi ou de l’article 8 de la Loi sur les prestations canadiennes de relance économique, de l’un des montants ci-après, dans la mesure où le montant a été inclus dans le calcul du revenu du contribuable, et n’a pas été déduit dans le calcul de son revenu imposable, pour l’année ou pour une année d’imposition antérieure : (i) une pension visée à la division 56(1)a)(i)(A), (ii) une prestation visée à la division 56(1)a)(i)(B), (iii) une allocation visée au sous-alinéa 56(1)a)(ii), (iv) une prestation visée au sous-alinéa 56(1)a)(iv), (v) une prestation visée au sous-alinéa 56(1)a)(vi), (v.1) une prestation visée au sous-alinéa 56(1)a)(vii), (vi) une somme visée à l’alinéa 56(1)r); taxpayer’s income for the year or a preceding year, if (i) exceeds the taxpayer’s taxable income for the subsequent year (determined without reference to paragraphs (n), (n.1) and (v.1)), and Legal Expenses Remboursement de prestations de pension n.1) toute somme versée par le contribuable au cours de l’année à un régime de pension agréé ou à un régime de pension agréé collectif si, à la fois : (i) le contribuable est un particulier, (ii) la somme est versée : (A) soit en remboursement d’une somme reçue du régime qui a été incluse dans le calcul du revenu du contribuable pour l’année ou pour une année antérieure, dans le cas où l’un des faits ci-après s’avère : (I) il est raisonnable de considérer que la somme a été versée dans le cadre du régime par suite d’une erreur et non en raison d’un droit à des prestations, (II) il a été établi par la suite que, en raison du règlement d’un différend concernant l’emploi du contribuable, celui-ci n’avait pas droit à la somme, (B) soit à titre d’intérêts relatifs au remboursement visé à la division (A), (iii) aucune partie de la somme n’est déductible en application de l’alinéa 8(1)m) ou l’un des paragraphes 146(5) à (5.2) dans le calcul du revenu du contribuable pour l’année; Sommes remboursées dans les années suivantes n.2) toute somme versée par le contribuable au cours d’une année (appelée l’« année ultérieure » au présent alinéa) qui suit l’année à titre de remboursement d’une somme qui est incluse dans le calcul du revenu pour l’année en vertu de l’un des sous-alinéas 56(1)a)(i), (ii), (iv), (vi) ou (vii) ou de l’alinéa 56(1)r), dans la mesure où la somme versée, à la fois : (i) dépasse le revenu imposable du contribuable pour l’année ultérieure (déterminé compte non tenu des alinéas (n), n.1) et v.1)), (ii) n’est pas déduite dans le calcul du revenu imposable du contribuable pour toute autre année d’imposition; Frais judiciaires et extrajudiciaires o) les sommes payées au cours de l’année par le contribuable au titre des honoraires ou frais engagés pour préparer, présenter ou poursuivre une opposition ou préparer, interjeter ou poursuivre un appel au sujet : Income Tax PART I Income Tax DIVISION B Computation of Income
Notwithstanding subsection (2), if all the Canadian-controlled private corporations that are associated with each other in a taxation year file with the Minister in prescribed form an agreement that assigns for the purpose of this section a percentage to one or more of them for the year, the business limit for the year of each of the corporations is (a) if the total of the percentages assigned in the agreement does not exceed 100%, $500,000 multiplied by the percentage assigned to that corporation in the agreement; and (b) in any other case, nil. (3.1) The business limit for the year of a corporation under subsection (2), (3) or (4) is reduced by the total of all amounts each of which is the portion, if any, of the business limit that the corporation assigns to another corporation under subsection (3.2). (3.2) For the purpose of this section, a Canadian-controlled private corporation (in this subsection referred to as the first corporation) may assign all or any portion of its business limit under subsection (2), (3) or (4) for a taxation year of the first corporation to another Canadian-controlled private corporation (in this subsection referred to as the second corporation) for a taxation year of the second corporation if (a) the second corporation has an amount of income, for its taxation year, referred to in subparagraph (a)(i) of the definition specified corporate income in subsection (7) from the provision of services or property directly to the first corporation; (b) the first corporation’s taxation year ends in the second corporation’s taxation year; (c) the amount assigned does not exceed the amount determined by the formula A is the amount of income referred to in paragraph (a), and B is the portion of the amount described in A that is deductible by the first corporation in respect of the amount of income referred to in clause (1)(a)(i)(A) or (B) for the year; and (i) the first corporation in its return of income for its taxation year, and (ii) the second corporation in its return of income for its taxation year. Failure to file agreement
Idem exceeds Impôt sur le revenu
If any of the Canadian-controlled private corporations that are associated with each other in a taxation year has failed to file with the Minister an agreement as contemplated by subsection (3) within 30 days after notice in writing by the Minister has been forwarded to any of them that such an agreement is required for the purpose of any assessment of tax under this Part, the Minister shall, for the purpose of this section, allocate an amount to one or more of them for the taxation year. The total amount so allocated must equal the least of the amounts that would, if none of the corporations were associated with any other corporation during the year and if this Act were read without reference to subsections (5) and (5.1), be the business limits of the corporations for the year. Special rules for business limit (a) where a Canadian-controlled private corporation (in this paragraph referred to as the “first corporation”) has more than one taxation year ending in the same calendar year and it is associated in 2 or more of those taxation years with another Canadian-controlled private corporation that has a taxation year ending in that calendar year, the business limit of the first corporation for each taxation year ending in the calendar year in which it is associated with the other corporation that ends after the first such taxation year ending in that calendar year is, subject to the application of paragraph 125(5)(b), an amount equal to the lesser of (i) its business limit determined under subsection 125(3) or 125(4) for the first such taxation year ending in the calendar year, and (ii) its business limit determined under subsection 125(3) or 125(4) for the particular taxation year ending in the calendar year; and (b) where a Canadian-controlled private corporation has a taxation year that is less than 51 weeks, its business limit for the year is that proportion of its business limit for the year determined without reference to this paragraph that the number of days in the year is of 365. (5.1) Notwithstanding subsections (2), (3), (4) and (5), a Canadian-controlled private corporation’s business limit for a particular taxation year ending in a calendar year is the amount, if any, by which its business limit otherwise determined for the particular taxation year exceeds the greater of (a) the amount determined by the formula is the amount that would, but for this subsection, be the corporation’s business limit for the particular taxation year, and is the amount determined by the formula (i) if, in both the particular taxation year and the preceding taxation year, the corporation is not associated with any corporation, the taxable capital employed in Canada (within the meaning assigned by subsection 181.2(1) or 181.3(1) or section 181.4, as the case may be) of the corporation for the preceding taxation year, (ii) if, in the particular taxation year, the corporation is not associated with any corporation but was associated with one or more corporations in the preceding taxation year, the taxable capital employed in Canada (within the meaning assigned by subsection 181.2(1) or 181.3(1) or section 181.4, as the case may be) of the corporation for the particular taxation year, or (iii) if, in the particular taxation year, the corporation is associated with one or more particular corporations, the total of all amounts each of which is the taxable capital employed in Canada (within the meaning assigned by subsection 181.2(1) or 181.3(1) or section 181.4, as the case may be) of the corporation or of any of the particular corporations for its last taxation year that ended in the preceding calendar year, and (b) the amount determined by the formula is the amount determined for A in paragraph (a), and is the total of the amounts each of which is the taxable capital employed in Canada of the corporation or of any corporation with which it is associated in a E is the total of all amounts each of which is the adjusted aggregate investment income of the corporation, or of any corporation with which it is associated at any time in the particular taxation year, for each taxation year of the corporation, or associated corporation, as the case may be, that ended in the preceding calendar year. Anti-avoidance (5.2) A particular corporation and another corporation are deemed to be associated with each other at a particular time for the purposes of paragraph (5.1)(b) if (a) the particular corporation lends or transfers property at any time, either directly or indirectly, by means of a trust or by any other means whatever, to the other corporation; (b) the other corporation is, at the particular time, related to the particular corporation but is not associated with it; and (c) it may reasonably be considered that one of the reasons the loan or transfer was made was to reduce the amount determined for E in paragraph (5.1)(b) in respect of the particular corporation, or of any corporation with which it is associated, for a taxation year. Corporate partnerships
Where in a taxation year a corporation is a member of a particular partnership and in the year the corporation or a corporation with which it is associated in the year is a member of one or more other partnerships and it may reasonably be considered that one of the main reasons for the separate existence of the partnerships is to increase the amount of a deduction of any corporation under subsection 125(1), the specified partnership income of the corporation for the year shall, for the purposes of this section, be computed in respect of those partnerships as if all amounts each of which is the income of one of the partnerships for a fiscal period ending in the year from an active business carried on in Canada were nil except for the greatest of those amounts. Corporation deemed member of partnership (6.1) For the purposes of this section, a corporation that is a member, or is deemed by this subsection to be a member, of a partnership that is a member of another partnership shall be deemed to be a member of the other partnership and the corporation’s share of the income of the other partnership for a fiscal period shall be deemed to be equal to the amount of that income to which the corporation was directly or indirectly entitled. Specified partnership income deemed nil (6.2) Notwithstanding any other provision of this section, where a corporation is a member of a partnership that was controlled, directly or indirectly in any manner whatever, by one or more non-resident persons, by one or more public corporations (other than a prescribed venture capital corporation) or by any combination thereof at any time in its fiscal period ending in a taxation year of the corporation, the income of the partnership for that fiscal period from an active business carried on in Canada shall, for the purposes of computing the specified partnership income of a corporation for the year, be deemed to be nil. Partnership deemed to be controlled (6.3) For the purposes of subsection 125(6.2), a partnership shall be deemed to be controlled by one or more persons at any time if the total of the shares of that person or those persons of the income of the partnership from any source for the fiscal period of the partnership that includes that time exceeds 1/2 of the income of the partnership from that source for that period.
In this section, active asset, of a particular corporation at any time, means property that is (a) used at that time principally in an active business carried on primarily in Canada by the particular corporation or by a Canadian-controlled private corporation that is related to the particular corporation, (b) a share of the capital stock of another corporation if, at that time, (i) the other corporation is connected with the particular corporation (within the meaning assigned by subsection 186(4) on the assumption that the other corporation is at that time a payer corporation within the meaning of that subsection), and (ii) the share would be a qualified small business corporation share (as defined in subsection 110.6(1)) if (A) the references in that definition to an “individual” were references to the particular corporation, and (B) that definition were read without reference to "the individual's spouse or common-law partner", or (c) an interest in a partnership, if (i) at that time, the fair market value of the particular corporation's interest in the partnership is equal to or greater than 10% of the total fair market value of all interests in the partnership, (ii) throughout the 24-month period ending before that time, more than 50% of the fair market value of the property of the partnership was attributable to property described in this paragraph or in paragraph (a) or (b), and (iii) at that time, all or substantially all of the fair market value of the property of the partnership was attributable to property described in this paragraph or in paragraph (a) or (b); (bien actif) active business carried on by a corporation means any business carried on by the corporation other than a specified investment business or a personal services business and includes an adventure or concern in the nature of trade; (entreprise exploitée activement) adjusted aggregate investment income, of a corporation (other than a corporation that is deemed not to be a private corporation by subsection 136(1) or 137(7) or section 141.1) for a taxation year, means the amount that would be the aggregate investment income (as defined in subsection 129(4)) of the corporation for the year, if (a) paragraph (a) of that definition read as follows: (a) the amount, if any, by which (i) the eligible portion of the corporation's taxable capital gains (other than taxable capital gains from the disposition of property that is, at the time of disposition, an active asset of the corporation) for the year (ii) the eligible portion of its allowable capital losses (other than allowable capital losses from the disposition of property that is, at the time of disposition, an active asset of the corporation) for the year, or (b) subparagraph (b)(iii) of that definition read as follows: (iii) a dividend from a corporation connected with it (within the meaning assigned by subsection 186(4) on the assumption that the corporation is at that time a payer corporation within the meaning of that subsection), and (c) paragraph (a) of the definition income or loss in subsection 129(4) read as follows: (a) includes (i) the income or loss from a specified investment business carried on by it, and (ii) amounts in respect of a life insurance policy that are included in computing the corporation’s income for the year, to the extent that the amounts would not otherwise be included in the computation of the corporation’s aggregate investment income, but (d) no amount were deducted under subsection 91(4) by the corporation in computing its income for the year; (revenu de placement total ajusté) Canadian-controlled private corporation means a private corporation that is a Canadian corporation other than (a) a corporation controlled, directly or indirectly in any manner whatever, by one or more non-resident persons, by one or more public corporations (other than a prescribed venture capital corporation), by one or more corporations described in paragraph (c), or by any combination of them, (b) a corporation that would, if each share of the capital stock of a corporation that is owned by a non-resident person, by a public corporation (other than a prescribed venture capital corporation), or by a corporation described in paragraph (c) were owned by a particular person, be controlled by the particular person, (c) a corporation a class of the shares of the capital stock of which is listed on a designated stock exchange, or (d) in applying subsection (1), paragraphs 87(2)(vv) and (vvv) (including, for greater certainty, in applying those paragraphs as provided under paragraph 88(1)(e.2)), the definitions excessive eligible dividend designation, general rate income pool and low rate income pool in subsection 89(1) and subsections 89(4) to (6), (8) to (10) and 249(3.1), a designated member, of a particular partnership in a taxation year, means a Canadian-controlled private corporation that provides (directly or indirectly, in any manner whatever) services or property to the particular partnership at any time in the corporation’s taxation year where, at any time in the year, (a) the corporation is not a member of the particular partnership, and (i) one of its shareholders holds a direct or indirect interest in the particular partnership, or (ii) if subparagraph (i) does not apply, (A) the corporation does not deal at arm’s length with a person that holds a direct or indirect interest in the particular partnership, and (B) it is not the case that all or substantially all of the corporation’s income for the year from an active business is from providing services or property to (I) persons with which the corporation deals at arm’s length, or (II) partnerships (other than the particular partnership) with which the corporation deals at arm’s length, other than a partnership in which a person that does not deal at arm’s length with the corporation holds a direct or indirect interest; (associé désigné) income of the corporation for the year from an active business means the total of (a) the corporation’s income for the year from an active business carried on by it including any income for the year pertaining to or incident to that business, other than income for the year from a source in Canada that is a property (within the meaning assigned by subsection 129(4)), and personal services business carried on by a corporation in a taxation year means a business of providing services where (a) an individual who performs services on behalf of the corporation (in this definition and paragraph 18(1)(p) referred to as an “incorporated employee”), or (b) any person related to the incorporated employee is a specified shareholder of the corporation and the incorporated employee would reasonably be regarded as an officer or employee of the person or partnership to whom or to which the services were provided but for the existence of the corporation, unless (c) the corporation employs in the business throughout the year more than five full-time employees, or (d) the amount paid or payable to the corporation in the year for the services is received or receivable by it from a corporation with which it was associated in the year; (entreprise de prestation de services personnels) (i) the total of all amounts each of which is income (other than specified farming or fishing income of the corporation for the year) from an active business of the corporation for the year from the provision of services or property to a private corporation (directly or indirectly, in any manner whatever) if (A) at any time in the year, the corporation (or one of its shareholders) or a person who does not deal at arm’s length with the corporation (or one of its shareholders) holds a direct or indirect interest in the private corporation, and (B) it is not the case that all or substantially all of the corporation’s income for the year from an active business is from the provision of services or property to (I) persons (other than the private corporation) with which the corporation deals at arm’s length, or (II) partnerships with which the corporation deals at arm’s length, other than a partnership in which a person that does not deal at arm’s length with the corporation holds a direct or indirect interest, and (ii) the total of all amounts each of which is the portion, if any, of the business limit of a private corporation described in subparagraph (i) for a taxation year that the private corporation assigns to the corporation under subsection (3.2), and specified farming or fishing income, of a particular corporation for a taxation year, means income of the particular corporation (other than an amount included in the particular corporation’s income under subsection 135(7)), if (a) the income is from the sale of the farming products or fishing catches of the particular corporation’s farming or fishing business to another corporation, and specified investment business, carried on by a corporation in a taxation year, means a business (other than a business carried on by a credit union or a business of leasing property other than real or immovable property) the principal purpose of which is to derive income (including interest, dividends, rents and royalties) from property but, except where the corporation was a prescribed labour-sponsored venture capital corporation at any time in the year, does not include a business carried on by the corporation in the year where (a) the corporation employs in the business throughout the year more than 5 full-time employees, or (b) any other corporation associated with the corporation provides, in the course of carrying on an active business, managerial, administrative, financial, maintenance or other similar services to the corporation in the year and the corporation could reasonably be expected to require more than 5 full-time employees if those services had not been provided; (entreprise de placement déterminée) specified partnership business limit, of a person for a taxation year, at any particular time, means the amount determined by the formula K is the total of all amounts each of which is the person's share of the income (determined in accordance with Subdivision J of Division B) of a partnership of which the person was a member for a fiscal period ending in the year from an active business carried on in Canada, L is the total of all amounts each of which is the income of the partnership for a fiscal period referred to in paragraph (a) of the description of A in the definition specified partnership income in this subsection from an active business carried on in Canada, M is the lesser of (a) the amount of the business limit indicated in subsection (2) for a corporation that is not associated in a taxation year with one or more other Canadian-controlled private corporations, and (b) the product obtained by the formula Q is the amount referred to in paragraph (a), R is 365, and S is the total of all amounts each of which is the number of days in a fiscal period of the partnership that ends in the year, and specified partnership income of a corporation for a taxation year means the amount determined by the formula A is the total of all amounts each of which is an amount in respect of a partnership of which the corporation was a member, or a designated member, in the year equal to the least of (a) the total of all amounts each of which is an amount in respect of an active business carried on in Canada by the corporation as a member, or a designated member, of the partnership determined by the formula G is the total of all amounts each of which is (i) the corporation’s share of the income (determined in accordance with Subdivision J of Division B) of the partnership for a fiscal period of the business that ends in the year, (ii) income of the corporation for the year from the provision (directly or indirectly, in any manner whatever) of services or property to the partnership, or (iii) an amount included in the corporation’s income for the year in respect of the business under any of subsections 34.2(2), (3) and (12), and H is the total of all amounts deducted in computing the corporation’s income for the year from the business (other than amounts that were deducted in computing the income of the partnership from the business or the income of the corporation described under subparagraph (ii) of the description of G) or in respect of the business under subsection 34.2(4) or (11), (i) if the corporation was a member of the partnership, the corporation’s specified partnership business limit for the year, and (ii) if the corporation was a designated member of the partnership, the total of all amounts assigned to it under subsection (8) for the year and, where no such amounts have been assigned, nil, and (i) the corporation is a member, or a designated member, of the partnership (including indirectly through one or more other partnerships) in the year, and (ii) the partnership provides services or property to either (A) a private corporation (directly or indirectly in any manner whatever) in the year, if (I) the corporation (or one of its shareholders) or a person who does not deal at arm’s length with the corporation (or one of its shareholders) holds a direct or indirect interest in the private corporation, and (II) it is not the case that all or substantially all of the partnership’s income for the year from an active business is from the provision of services or property to
(iv) d’une cotisation à l’égard de l’impôt, des intérêts ou des pénalités en vertu de la présente loi ou d’une loi provinciale imposant un impôt semblable à celui qui est imposé par la présente loi, (iii) d’une décision de la Commission de l’assurance-emploi du Canada en vertu de la Loi sur l’assurance-emploi ou de l’appel d’une telle décision devant le Tribunal de la sécurité sociale, (iv) d’une cotisation du tout impôt sur le revenu qui peut être établie en vertu de l’article 126 ou de toute peine ou de tout intérêt y afférent, (v) d’une cotisation ou d’une décision rendue en vertu du Régime de pensions du Canada ou d’un régime provincial de pensions au sens de l’article 3 de cette loi; Idem (o.1) l’excédent éventuel du moins élevé des montants suivants : (i) le total des frais judiciaires ou extrajudiciaires, sauf ceux se rapportant au règlement ou au partage des biens découlant d’une rupture ou d’une désunion du mariage ou de l’union de fait, engagés au cours de l’année ou de l’une des sept années d’imposition précédentes pour recouvrer l’un des montants suivants ou pour établir un droit à ceux-ci : (A) une prestation prévue par quelque régime ou caisse de pensions, sauf une prestation prévue par le régime institué par le Régime de pensions du Canada ou un régime provincial de pensions, au sens de l’article 3 de cette loi, en raison de l’emploi du contribuable ou d’un particulier décédé auquel le contribuable était apparenté ou dont il était une personne à charge ou le représentant légal, (B) une allocation de retraite du contribuable ou d’un particulier décédé auquel le contribuable était apparenté ou dont il était une personne à charge ou le représentant légal, (ii) l’excédent éventuel du total des montants dont chacun représente : (A) soit un montant visé à la division (i)(A) ou (B) à l’égard duquel les frais judiciaires et extrajudiciaires visés au sous-alinéa (i) ont été payés, reçu après 1985 et inclus dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure, Income Tax PART I Income Tax DIVISION B Computation of Income
(B) a particular partnership (directly or indirectly in any manner whatever) in the year, if (I) the corporation (or one of its shareholders) does not deal at arm’s length with the particular partnership or a person that holds a direct or indirect interest in the particular partnership, and (II) it is not the case that all or substantially all of the partnership’s income for the year from an active business is from the provision of services or property to
Repayment of apprenticeship grants Refund of income payments (r) [Repealed, 2024, c. 17, s. 13] Impôt sur le revenu
B is the lesser of (b) the total of all amounts each of which is an amount in respect of a partnership of which the corporation was a member, or a designated member, in the year equal to the amount determined by the formula N is the amount determined in respect of the partnership for the year under paragraph (a) of the description of A, and O is the amount determined in respect of the partnership for the year (i) if the corporation was a member of the partnership, under subparagraph (b)(i) of the description of A, and (ii) if the corporation was a designated member of the partnership, under subparagraph (b)(ii) of the description of A; specified partnership loss of a corporation for a taxation year means the total of all amounts each of which is an amount in respect of a partnership of which the corporation was a member in the year determined by the formula A is the total of all amounts each of which is the corporation’s share of the loss (determined in accordance with Subdivision J of Division B) of the partnership for a fiscal period ending in the year from an active business carried on in Canada by the corporation as a member of the partnership; and B is the total of all amounts each of which is an amount determined by the formula G is the amount determined for H in the definition specified partnership income in this subsection for the year in respect of the corporation’s income from an active business carried on in Canada by the corporation as a member of the partnership, and H is the amount determined for G in the definition specified partnership income in this subsection for the year in respect of the corporation’s share of the income from the business.
For the purpose of the definition specified partnership income in subsection (7), a person that is a member of a partnership in a taxation year may assign to a designated member of the partnership — for a taxation year of the designated member — all or any portion of the person’s specified partnership business limit (determined without reference to this assignment) in respect of the person’s taxation year if (a) the person is described in paragraph (b) of the definition designated member in subsection (7) in respect of the designated member in the designated member’s taxation year; (b) the specified partnership business limit of the person is in respect of a fiscal period of the partnership that ends in the designated member’s taxation year; and (c) a prescribed form is filed with the Minister by (i) the designated member in its return of income for the designated member’s taxation year, and (iii) the person in its return of income for the person’s taxation year. Anti-avoidance
If a corporation provides services or property to a person or partnership that holds a direct or indirect interest in a particular partnership or corporation and one of the reasons for the provision of the services or property to the person or partnership, instead of to the particular partnership or corporation, is to avoid the application of subparagraph (1)(a)(ii) or (ii.1) in respect of the income from the provision of the services or property, no amount in respect of the corporation’s income from the provision of the services or property is to be included in the total amount determined under paragraph (1)(a).
(B) soit un montant inclus en application de l’alinéa 56(1).1) dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure, sur le total des montants dont chacun représente un montant déduit en application de l’alinéa j), j.01), j.1) ou j.2) dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure, dans la mesure où il est raisonnable de considérer que ce montant était déductible en raison de la réception d’un montant visé à la division (A), (iii) la fraction du total visé au sous-alinéa (i) quant au contribuable qu’il est raisonnable de considérer comme déductible en application du présent alinéa dans le calcul du revenu du contribuable pour une année d’imposition antérieure; Remboursement de la subvention aux apprentis (p) le total des sommes représentant chacune une somme payée au cours de l’année en remboursement, dans le cadre du programme de la Subvention incitative aux apprentis ou du programme de la Subvention à l’achèvement de la formation d’apprenti, d’une somme incluse en application de l’alinéa 56(1).1) dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure; Remboursement de paiements de revenu (q) lorsque le contribuable est un particulier, une somme versée par le contribuable au cours de l’année à une personne avec qui il n’avait pas de lien de dépendance (appelée le « payeur » au présent alinéa) si les conditions suivantes sont réunies : (i) la somme a été incluse dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure à titre de somme visée au sous-alinéa 56(1)n)(i) ou à l’alinéa 56(1)o), que le payeur lui a versée, (ii) au moment où la somme a été versée par le payeur au contribuable, il était stipulé que le contribuable devait remplir une certaine condition, (iii) le contribuable n’ayant pas rempli la condition visée au sous-alinéa (ii), il a été tenu de rembourser la somme au payeur, (iv) durant la période pour laquelle la somme visée au sous-alinéa (i) a été versée, le contribuable n’a Income Tax PART I Income Tax DIVISION B Computation of Income
For the purpose of determining an amount for a taxation year in respect of a corporation under clause (1)(a)(i)(B) or subparagraph (1)(a)(ii.1), an amount of income is to be excluded if the amount is (a) income from an active business of the corporation for the year from the provision of services or property to another corporation with which the corporation is associated (in this subsection referred to as the associated corporation); and (b) not deductible by the associated corporation for its taxation year in respect of an amount included in the income of the associated corporation that is (ii) reasonable to consider as being attributable to or derived from an amount referred to in clause (1)(a)(i)(C). [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] Manufacturing and processing profits deductions
exceeds RCA distributions Impôt sur le revenu
taxation year an amount equal to the corporation’s general rate reduction percentage for the taxation year (within the meaning assigned by subsection 123.4(1)) multiplied by the lesser of (a) the amount, if any, by which the corporation’s Canadian manufacturing and processing profits for the year exceed, where the corporation was a Canadian-controlled private corporation throughout the year, the least of the amounts determined under paragraphs 125(1)(a) to 125(1)(c) in respect of the corporation for the year, and (b) the amount, if any, by which the corporation’s taxable income for the year exceeds the total of (i) where the corporation was a Canadian-controlled private corporation throughout the year, the least of the amounts determined under paragraphs 125(1)(a) to 125(1)(c) in respect of the corporation for the year, (ii) the amount determined by multiplying the total of the amounts that would be deductible under subsection 126(2) from the tax for the year otherwise payable under this Part by it, if those amounts were determined without reference to section 123.4, by the relevant factor for the year, and (iii) where the corporation was a Canadian-controlled private corporation throughout the year, its aggregate investment income for the year (within the meaning assigned by subsection 129(4)). Electrical energy and steam
A corporation that generates electrical energy for sale, or produces steam for sale, in a taxation year may deduct from its tax otherwise payable under this Part for the year an amount equal to the corporation’s general rate reduction percentage for the taxation year (within the meaning assigned by subsection 123.4(1)) multiplied by the amount determined by the formula A is the amount, if any, that would, if the definition manufacturing or processing in subsection (3), and in subsection 1104(9) of the Income Tax Regulations, were read without reference to paragraph (h) of those definitions (other than for the purpose of applying section 5201 of those Regulations and if subsection (5) applied for the purpose of subsection (1), be the lesser of a) the amount determined under paragraph (1)(a) in respect of the corporation for the year; (a) the amount determined under paragraph (1)(a) in respect of the corporation for the year, and (b) the amount determined under paragraph (1)(b) in respect of the corporation for the year; B is the amount, if any, that is the lesser of (a) the amount determined under paragraph (1)(a) in respect of the corporation for the year, and (b) the amount determined under paragraph (1)(b) in respect of the corporation for the year.
In this section, Canadian manufacturing and processing profits of a corporation for a taxation year means such portion of the total of all amounts each of which is the income of the corporation for the year from an active business carried on in Canada as is determined under rules prescribed for that purpose by regulation made on the recommendation of the Minister of Finance to be applicable to the manufacturing or processing in Canada of goods for sale or lease; (bénéfices de fabrication et de transformation au Canada) manufacturing or processing does not include (c) construction, (e) extracting minerals from a mineral resource, (i) ore (other than iron ore or tar sands ore) from a mineral resource located in Canada to any stage that is not beyond the prime metal stage or its equivalent, (ii) iron ore from a mineral resource located in Canada to any stage that is not beyond the pellet stage or its equivalent, or (iii) tar sands ore from a mineral resource located in Canada to any stage that is not beyond the crude oil stage or its equivalent, (h) producing or processing electrical energy or steam, for sale, (i) processing natural gas as part of the business of selling or distributing gas in the course of operating a public utility, (j) processing heavy crude oil recovered from a natural reservoir in Canada to a stage that is not beyond the crude oil stage or its equivalent, (l) any manufacturing or processing of goods for sale or lease, if, for any taxation year of a corporation in respect of which the expression is being applied, less than 10% of its gross revenue from all active businesses carried on in Canada was from (i) the selling or leasing of goods manufactured or processed in Canada by it, and (ii) the manufacturing or processing in Canada of goods for sale or lease, other than goods for sale or lease by it. (fabrication ou transformation) Determination of gross revenue
For the purposes of paragraph (l) of the definition manufacturing or processing in subsection 125.1(3), where a corporation was a member of a partnership at any time in a taxation year, (a) there shall be included in the gross revenue of the corporation for the year from all active businesses carried on in Canada, that proportion of the gross revenue from each such business carried on in Canada by means of the partnership, for the fiscal period of the partnership coinciding with or ending in that year, that the corporation’s share of the income of the partnership from that business for that fiscal period is of the income of the partnership from that business for that fiscal period; and (b) there shall be included in the gross revenue of the corporation for the year from all activities described in subparagraphs (l)(i) and (ii) of the definition manufacturing or processing in subsection 125.1(3), that proportion of the gross revenue from each such activity engaged in in the course of a business carried on by means of the partnership, for the fiscal period of the partnership coinciding with or ending in that year, that the corporation’s share of the income of the partnership from that business for that fiscal period is of the income of the partnership from that business for that fiscal period.
pas rendu de services autres que des services rendus à titre occasionnel au payeur en tant que cadre ou en vertu d’un contrat d’emploi, (v) la somme a été versée au contribuable afin de lui permettre de poursuivre ses études; r) [Abrogé, 2024, ch. 17, art. 13] Remboursement d’une avance sur police s) le total des remboursements faits par le contribuable au cours de l’année sur une avance sur police (au sens du paragraphe 148(9)) consentie dans le cadre d’une police d’assurance-vie, jusqu’à concurrence de l’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii): (i) le total des montants que le paragraphe 148(1) prévoit d’inclure dans le calcul de son revenu pour l’année ou pour une année d’imposition antérieure et qui proviennent d’une disposition visée à l’alinéa b) de la définition de disposition au paragraphe 148(9) à l’égard de cette police, (ii) le total des remboursements faits par le contribuable sur l’avance en police et qui ont été déductibles dans le calcul de son revenu pour une année d’imposition antérieure; Montants provenant d’une convention de retraite t) dans le cas où un montant au titre d’une convention de retraite est à inclure dans le calcul du revenu du contribuable pour l’année en vertu des alinéas 56(1)(x) ou z) ou du paragraphe 70(2), le moins élevé des montants suivants : (i) le total des montants au titre de la convention qui sont ainsi à inclure dans le calcul du revenu du contribuable pour l’année, (ii) l’excédent éventuel du total des montants représentant chacun : (A) une cotisation que le contribuable a versée dans le cadre de la convention avant la fin de l’année à un moment où elle était une convention de retraite et qui n’est pas un montant déductible en application de l’alinéa 8(1)(m.2) ou transféré à la convention dans les circonstances visées au paragraphe 207.6(7), (A.1) un montant transféré, à l’égard du contribuable avant la fin de l’année, à la convention d’une autre convention de retraite dans les circonstances visées au paragraphe 207.6(7), dans RCA dispositions la mesure où il aurait été déductible en application du présent alinéa au titre de l’autre convention dans le calcul du revenu du contribuable s’il avait été versé à celui-ci sur cette autre convention, (B) un montant payé par le contribuable avant la fin de l’année à un moment où il résidait au Canada, en vue d’acquérir un droit dans la convention, (C) un montant qui a été reçu ou est devenu à recevoir par le contribuable avant la fin de l’année à un moment où il résidait au Canada, comme produit de disposition d’un droit dans la convention, sur le total des montants représentant chacun : (D) un montant déduit en application du présent alinéa ou de l’alinéa u) au titre de la convention dans le calcul du revenu du contribuable pour une année d’imposition antérieure, (E) un montant transféré, à l’égard du contribuable avant la fin de l’année, de la convention à une autre convention de retraite dans les circonstances visées au paragraphe 207.6(7), dans la mesure où il aurait été déductible en application du présent alinéa au titre de l’autre convention dans le calcul du revenu du contribuable s’il avait été reçu par celui-ci sur cette autre convention; Disposition d’un droit dans une convention de retraite u) dans le cas où un montant au titre d’une convention de retraite est à inclure dans le calcul du revenu du contribuable pour l’année en vertu de l’alinéa 56(1)y), le moins élevé des montants suivants : (i) le total des montants au titre de la convention qui sont ainsi à inclure dans le calcul du revenu du contribuable pour l’année, (ii) l’excédent éventuel du total des montants représentant chacun : (A) une cotisation que le contribuable a versée dans le cadre de la convention avant la fin de l’année à un moment où il était une convention de retraite, à l’exception d’un montant déductible en application de l’alinéa 8(1)m.2) ou transféré à la convention dans les circonstances visées au paragraphe 207.6(7), (A.1) un montant transféré, à l’égard du contribuable avant la fin de l’année, à la convention EI benefit repayment COVID-19 — other benefit repayments d’une autre convention de retraite dans les circonstances visées au paragraphe 207.6(7), dans la mesure où il aurait été déductible en application de l’alinéa t) au titre de l’autre convention dans le calcul du revenu du contribuable s’il avait été versé à celui-ci sur cette autre convention, (B) un montant payé par le contribuable avant la fin de l’année à un moment où il résidait au Canada, en vue d’acquérir un droit dans la convention, sur le total des montants représentant chacun : (C) un montant déduit en application de l’alinéa t) au titre de la convention dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure, (D) un montant déduit en application du présent alinéa au titre de la convention dans le calcul du revenu du contribuable pour une année d’imposition antérieure, (E) un montant transféré, à l’égard du contribuable avant la fin de l’année, de la convention à une autre convention de retraite dans les circonstances visées au paragraphe 207.6(7), dans la mesure où il aurait été déductible en application de l’alinéa t) au titre de l’autre convention dans le calcul du revenu du contribuable s’il avait été versé à celui-ci sur cette autre convention. Remboursement — parents de victimes d’actes criminels v) le total des sommes dont chacune représente une somme versée au cours de l’année en remboursement d’une prestation qui a été incluse par l’effet de l’alinéa 56(1.a.3) dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure; Remboursement de prestations d’assurance-emploi
For the purpose of the description of A in subsection (2) and for the purpose of applying the Income Tax Regulations (other than section 5201 of those Regulations) to that subsection other than the description of B, (a) electrical energy and steam are deemed to be goods; and (b) the generation of electrical energy for sale, and the production of steam for sale, are deemed to be, subject to paragraph (1) of the definition manufacturing or processing in subsection (3), manufacturing or processing. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2003, c. 28, s. 13.
v.1) tout remboursement de prestations payable par le contribuable en application de la partie VII de la Loi sur l’assurance-emploi au plus tard le 30 avril de l’année suivante, dans la mesure où le montant n’était pas déductible dans le calcul du revenu du contribuable pour une année d’imposition antérieure; Remboursement de la prestation canadienne de relance économique
adjusted business income, of a corporation for a taxation year, has the same meaning as in Part LII of the Income Tax Regulations. (revenu rajusté tiré d’une entreprise) cost of capital, of a corporation for a taxation year, has the same meaning as in Part LII of the Income Tax Regulations. (coût en capital) cost of labour, of a corporation for a taxation year, has the same meaning as in Part LII of the Income Tax Regulations. (coût en main-d’œuvre) zero-emission technology manufacturing profits, of a corporation for a taxation year, means the amount determined by the formula A is the corporation’s adjusted business income for the taxation year; B is the fraction determined by the formula D is the total of the corporation’s ZETM cost of capital and ZETM cost of labour for the taxation year, and E is the total of the corporation’s cost of capital and cost of labour for the taxation year; and (a) if the fraction determined for B is at least 0.9, the fraction determined by the formula F is the amount determined for E, and G is the amount determined for D; and ZETM cost of capital, of a corporation for a taxation year, has the same meaning as in Part LII of the Income Tax Regulations. (coût en capital de FTZE) ZETM cost of labour, of a corporation for a taxation year, has the same meaning as in Part LII of the Income Tax Regulations. (coût en main-d’œuvre de FTZE)
v.2) tout remboursement de prestations payable par le contribuable en application de l’article 8 de la Loi Repayment of UCCB Income Tax PART I Income Tax DIVISION B Computation of Income Sections 60.001-011 Impôt sur le revenu
There may be deducted from the tax otherwise payable under this Part by a corporation for a taxation year the amount determined by the formula (a) 0.075, if the taxation year begins after 2021 and before 2032, (b) 0.05625, if the taxation year begins after 2031 and before 2033, (c) 0.0375, if the taxation year begins after 2032 and before 2034, (e) nil, in any other case; B is the least of (b) the amount of the corporation’s adjusted business income for the taxation year (determined without reference to section 5203 of the Income Tax Regulations) less (i) if the corporation was a Canadian-controlled private corporation throughout the taxation year, the least of the amounts, if any, determined under paragraphs 125(1)(a) to (c) in respect of the corporation for the taxation year, and (ii) in any other case, nil, and (c) the amount, if any, by which the corporation’s taxable income for the taxation year exceeds the total of (i) if the corporation was a Canadian-controlled private corporation throughout the taxation year, the least of the amounts, if any, determined under paragraphs 125(1)(a) to (c) in respect of the corporation for the taxation year, (ii) the corporation’s aggregate investment income (as defined in subsection 129(4)) for the taxation year, and (iii) the amount determined by multiplying the total of the amounts deducted under subsection 126(2) from its tax for the taxation year otherwise payable under this Part, by the relevant factor for the taxation year; (a) 0.045, if the taxation year begins after 2021 and before 2032, (b) 0.03375, if the taxation year begins after 2031 and before 2033, (c) 0.0225, if the taxation year begins after 2032 and before 2034, (e) nil, in any other case; (a) if the corporation was a Canadian-controlled private corporation throughout the taxation year, the lesser of (i) the least of the amounts, if any, determined under paragraphs 125(1)(a) to (c) in respect of the corporation for the taxation year, and (ii) the amount determined by the formula E is the corporation’s zero-emission technology manufacturing profits for the taxation year, and F is the amount determined for B, and (b) nil, in any other case.
(a) an amount paid under paragraph 212(1)(b) in respect of interest paid or credited in the year by the particular corporation in respect of an upstream deposit (as defined in subsection 95(2.43)) owing to a non-resident corporation that is, throughout the year, an eligible bank affiliate (as defined in subsection 95(2.43)) of the particular corporation (b) the total of all amounts each of which is a portion of the amount described in paragraph (a) that is available to the non-resident corporation or any other person or partnership at any time as a credit or reduction of, or deduction from, any amount otherwise payable to the government of a country other than Canada, or a political subdivision of that country, having regard to all available provisions of the laws of that country, or political subdivision, as the case may be, any tax treaty with that country and any other agreements entered into by that country or political subdivision. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.]: 2014, c. 39, s. 40. Deduction of Part I.3 tax
(a) its Canadian surtax payable for the year (b) the amount that would, but for subsection 181.1(4), be its tax payable under Part I.3 for the year. (1.1) There may be deducted in computing the tax payable under this Part for a taxation year by a corporation that was a financial institution (within the meaning assigned by section 190) throughout the year an amount equal to such part as the corporation claims of its unused Part I.3 tax credits for any of its 7 immediately preceding taxation years ending before 1992, to the extent that that amount does not exceed the lesser of (a) the amount, if any, by which its Canadian surtax payable for the year exceeds the amount that would, but for subsection 181.1(4), be its tax payable under Part I.3 for the year, and (b) the amount, if any, by which its tax payable under this Part (determined without reference to this section) for the year exceeds the amount that would, but for subsections 181.1(4) and 190.1(3), be the total of its taxes payable under Parts I.3 and VI for the year. Special rules
For the purposes of this section, (a) no amount may be claimed under subsection 125.3(1) in computing a corporation’s tax payable under this Part for a particular taxation year in respect of its unused Part I.3 tax credit for another taxation year until its unused Part I.3 tax credits for taxation years preceding the other year that may be claimed for the particular year have been claimed; and (b) an amount in respect of a corporation’s unused Part I.3 tax credit for a taxation year may be claimed under subsection 125.3(1) in computing its tax payable under this Part for another taxation year only to the extent that it exceeds the total of all amounts each of which is the amount claimed in respect of that unused Part I.3 tax credit in computing its tax payable under this Part for a taxation year preceding that other year. Acquisition of control
calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure; Programme de dénonciateurs de l’inobservation fiscale z.1) le total des sommes dont chacune représente une somme versée au cours de l’année en remboursement d’une somme incluse par l’effet de l’alinéa 56(1.2.4) dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs applicables : L.R. (1985), ch. 1 (5e suppl.), art. 60.001; 2013, ch. 40, art. 27.]
Where, at any time, control of a corporation has been acquired by a person or group of persons, no amount in respect of its unused Part I.3 tax credit for a taxation year ending before that time is deductible by the corporation for a taxation year ending after that time and no amount in respect of its unused Part I.3 tax credit for a taxation year ending after that time is deductible by the corporation for a taxation year ending before that time, except that (a) where a business was carried on by the corporation in a taxation year ending before that time, its unused Part I.3 tax credit for that year is deductible by the corporation for a particular taxation year ending after that time only if that business was carried on by the corporation for profit or with a reasonable expectation of profit throughout the particular year and only to the extent of that proportion of the corporation’s Canadian surtax payable for the particular year that (i) the amount, if any, by which (A) the total of its income for the particular year from that business and, where properties were sold, leased, rented or developed or services rendered in the course of carrying on that business before that time, its income for the particular year from any other business substantially all the income of which was derived from the sale, leasing, rental or development, as the case may be, of similar properties or the rendering of similar services (B) the total of all amounts each of which is an amount deducted under paragraph 111(1)(a) or (d) for the particular year by the corporation in respect of a non-capital loss or a farm loss, as the case may be, for a taxation year in respect of that business or the other business, is of the greater of (iii) the corporation’s taxable income for the particular year; and (b) where a business was carried on by the corporation throughout a taxation year ending after that time, its unused Part I.3 tax credit for that time is deductible by the corporation for a particular taxation year ending before that time only if that business was carried on by the corporation for profit or with a reasonable expectation of profit in the particular year and only to the extent of that proportion of the corporation’s Canadian surtax payable for the particular year that (i) the amount, if any, by which (A) the total of its income for the particular year from that business and, where properties were sold, leased, rented or developed or services rendered in the course of carrying on that business before that time, its income for the particular year from any other business substantially all the income of which was derived from the sale, leasing, rental or development, as the case may be, of similar properties or the rendering of similar services (B) the total of all amounts each of which is an amount deducted under paragraph 111(1)(a) or (d) for the particular year by the corporation in respect of a non-capital loss or a farm loss, as the case may be, for a taxation year in respect of that business or the other business, is of the greater of (ii) the amount determined under subparagraph 125.3(3)(b)(i), and (iii) the corporation’s taxable income for the particular year.
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 60.001; 2013, c. 40, s. 27.] Eligible amount exceeds [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: 1994, c. 7, Sch. II, s. 21; 2000, c. 12, s. 142; 2001, c. 17, s. 239(F).] Meaning of lifetime benefit trust
For the purposes of this section, Canadian surtax payable of a corporation for a taxation year means (a) in the case of a corporation that is non-resident throughout the year, the lesser of (i) the amount determined under section 123.2 in respect of the corporation for the year, and (ii) its tax payable under this Part for the year, and (b) in any other case, the lesser of (i) the prescribed proportion of the amount determined under section 123.2 in respect of the corporation for the year, and (ii) its tax payable under this Part for the year; unused Part I.3 tax credit of a corporation for a taxation year means (a) where the year ended before 1992, the amount, if any, by which its tax payable under Part I.3 for the year exceeds the amount deductible under subsection 125.3(1) in computing its tax payable under this Part for the year, and
[NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs applicables : L.R. (1985), ch. 1 (5e suppl.), art. 60.001; 2013, ch. 40, art. 27.] Montant admissible
assistance means an amount, other than a prescribed amount or an amount deemed under subsection (3) to have been paid, that would be included under paragraph 12(1)(x) in computing a taxpayer’s income for any taxation year if that paragraph were read without reference to (a) subparagraphs 12(1)(x)(v) to (viii), if the amount were received (i) from a person or partnership described in subparagraph 12(1)(x)(ii), or Canadian film or video production certificate means a certificate issued in respect of a production by the Minister of Canadian Heritage certifying that the production is a Canadian film or video production in respect of which that Minister is satisfied that, except where the production is a treaty co-production (as defined in subsection 1106(3) of the Income Tax Regulations), an acceptable share of revenues from the exploitation of the production on non-Canadian markets is, under the terms of any agreement, retained by (a) a qualified corporation that owns or owned an interest in, or for civil law a right in, the production; (b) a prescribed taxable Canadian corporation related to the qualified corporation; or labour expenditure, of a corporation for a taxation year in respect of a Canadian film or video production, means, in the case of a corporation that is not a qualified corporation for the taxation year, nil, and in the case of a corporation that is a qualified corporation for the taxation year, subject to subsection (2), the total of the following amounts to the extent that they are reasonable in the circumstances and included in the cost to, or in the case of depreciable property the capital cost to, the corporation, or any other person or partnership, of the production: (a) the salary or wages directly attributable to the production that are incurred after 1994 and in the taxation year, or the preceding taxation year, by the corporation for the stages of production of the property, from the production commencement time to the end of the post-production stage, and paid by it in the taxation year or within 60 days after the end of the taxation year (other than amounts incurred in that preceding taxation year that were paid within 60 days after the end of that preceding taxation year), (b) that portion of the remuneration (other than salary or wages and other than remuneration that relates to services rendered in the preceding taxation year and that was paid within 60 days after the end of that preceding taxation year) that is directly attributable to the production of property, that relates to services rendered after 1994 and in the taxation year, or that preceding taxation year, to the corporation for the stages of production, from the production commencement time to the end of the post-production stage, and that is paid by it in the taxation year or within 60 days after the end of the taxation year to (i) an individual who is not an employee of the corporation, to the extent that the amount paid (A) is attributable to services personally rendered by the individual for the production of the property, or (B) is attributable to and does not exceed the salary or wages of the individual’s employees for personally rendering services for the production of the property, (ii) another taxable Canadian corporation, to the extent that the amount paid does not exceed the salary or wages of the other corporation’s employees for personally rendering services for the production of the property, (iii) another taxable Canadian corporation all the issued and outstanding shares of the capital stock of which (except directors’ qualifying shares) belong to an individual and the activities of which consist principally of the provision of the individual’s services, to the extent that the amount paid is attributable to services rendered personally by the individual for the production of the property, or (iv) a partnership that is carrying on business in Canada, to the extent that the amount paid (A) is attributable to services personally rendered by an individual who is a member of the partnership for the production of the property, or (B) is attributable to and does not exceed the salary or wages of the partnership’s employees for personally rendering services for the production of the property, and (i) the corporation is a subsidiary wholly-owned corporation of another taxable Canadian corporation (in this section referred to as the "parent"), and (ii) the corporation and the parent have agreed that this paragraph apply in respect of the production, the reimbursement made by the corporation in the year, or within 60 days after the end of the year, of an expenditure that was incurred by the parent in a particular taxation year of the parent in respect of that production and that would be included in the labour expenditure of the corporation in respect of the property for the particular taxation year because of paragraph (a) or (b) if (iii) the corporation had had such a particular taxation year, and (iv) the expenditure were incurred by the corporation for the same purpose as it was by the parent and were paid at the same time and to the same person or partnership as it was by the parent. (dépense de main-d'œuvre) production commencement time, in respect of a Canadian film or video production, means the earlier of (a) the time at which principal photography of the production begins, and (i) the time at which a qualified corporation that has an interest in, or for civil law a right in, the production, or the parent of the corporation, first makes an expenditure for salary or wages or other remuneration for activities, of scriptwriters, that are directly attributable to the development by the corporation of script material of the production, (ii) the time at which the corporation or the parent of the corporation acquires a property, on which the production is based, that is a published literary work, screenplay, play, personal history or all or part of the script material of the production, and qualified corporation for a taxation year means a corporation that is throughout the year a prescribed taxable Canadian corporation the activities of which in the year are primarily the carrying on through a permanent establishment (as defined by regulation) in Canada of a business that is a Canadian film or video production business. (société admissible) qualified labour expenditure, of a corporation for a taxation year in respect of a Canadian film or video production, means the lesser of (a) the amount, if any, by which (A) the labour expenditure of the corporation for the year in respect of the production, and (B) the amount by which the total of all amounts each of which is the labour expenditure of the corporation for a preceding taxation year in respect of the production exceeds the total of all amounts each of which is a qualified labour expenditure of the corporation in respect of the production for a preceding taxation year before the end of which the principal filming or taping of the production began (ii) where the corporation is a parent, the total of all amounts each of which is an amount that is the subject of an agreement in respect of the production referred to in paragraph (c) of the definition labour expenditure between the corporation and its wholly-owned corporation, and (b) the amount determined by the formula A is 60% of the amount by which (i) the total of all amounts each of which is an expenditure by the corporation in respect of the production that is included in the cost or, in the case of depreciable property the capital cost to, the corporation or any other person or partnership of the production at the end of the taxation year, exceeds (ii) the total of all amounts each of which is an amount of assistance in respect of that cost that, at the time of the filing of its return of income for the year, the corporation or any other person or partnership has received, is entitled to receive or can reasonably be expected to receive, that has not been repaid before that time pursuant to a legal obligation to do so (and that does not otherwise reduce that cost), and B is the total of all amounts each of which is the qualified labour expenditure of the corporation in respect of the production for a preceding taxation year before the end of which the principal filming or taping of the production began. salary or wages does not include an amount (a) described in section 7; (b) determined by reference to profits or revenues; or (c) paid to a person in respect of services rendered by the person at a time when the person was non-resident, unless the person was at that time a Canadian citizen. (traitement ou salaire) script material, in respect of a production, means written material describing the story on which the production is based and, for greater certainty, includes a draft script, an original story, a screen story, a narration, a television production concept, an outline or a scene-by-scene schematic, synopsis or treatment. (texte) (1.1) The reference to “two years” in subparagraph (b)(iii) of the definition production commencement time in subsection (1) is to be read as a reference to “three years” in respect of film or video productions for which the labour expenditure of the corporation in respect of the production for the taxation year ending in 2020 or 2021 was greater than nil. Rules governing labour expenditure of a corporation
a) le montant d’un paiement (sauf toute partie de celui-ci qui constitue une prestation de retraite ou de pension visée à l’alinéa 60j)) quant au contribuable pour l’année ou qui fait partie d’une série de paiements périodiques) visé à la division 56(1)a)(i)(C.1) que le contribuable a reçu au cours de l’année dans le cadre d’un mécanisme de retraite étranger; b) un montant visé à l’alinéa a) et qu’il est raisonnable de considérer comme provenant de cotisations que verse au mécanisme de retraite étranger une personne autre que le contribuable ou son époux ou conjoint de fait ou ex-époux ou ancien conjoint de fait. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs applicables : 1994, ch. 7, ann. II, art. 21; 2000, ch. 12, art. 142; 2001, ch. 17, art. 239(F).] Définition de fiducie de prestations à vie
For the purposes of the definitions labour expenditure and qualified labour expenditure in subsection (1), (a) remuneration does not include remuneration (i) determined by reference to profits or revenues, or (ii) in respect of services rendered by a person at a time when the person was non-resident, unless the person was at that time a Canadian citizen; (b) services referred to in paragraph (b) of that definition that relate to the post-production stage of the production include only the services that are rendered at that stage by a person who performs the duties of animation cameraman, assistant colourist, assistant mixer, assistant sound-effects technician, boom operator, colourist, computer graphics designer, cutter, developing technician, director of post production, dubbing technician, encoding technician, inspection technician — clean up, mixer, optical effects technician, picture cutter, printing technician, projectionist, record technician, senior editor, sound editor, sound-effects technician, special effects editor, subtitle technician, timer, video-film recorder operator, videotape operator or by a person who performs a prescribed duty; (c) that definition does not apply to an amount to which section 37 applies; and (d) an expenditure incurred in respect of a film or video production by a qualified corporation (in this paragraph referred to as the “co-producer”) in respect of goods supplied or services rendered by another qualified corporation to the co-producer in respect of the production is not a labour expenditure to the co-producer or, for the purpose of applying this section to the co-producer, a cost or capital cost of the production. Tax credit (a) a qualified corporation for a taxation year files with its return of income for the year (i) a Canadian film or video production certificate issued in respect of a Canadian film or video production of the corporation, (iii) each other document prescribed in respect of the production, and (b) the principal filming or taping of the production began before the end of the year, the corporation is deemed to have paid on its balance-due day for the year an amount on account of its tax payable under this Part for the year equal to 25% of its qualified labour expenditure for the year in respect of the production.
a) immédiatement avant le décès du particulier, le contribuable : Income Tax PART I Income Tax DIVISION B Computation of Income
This section does not apply to a Canadian film or video production if the production — or an interest in a person or partnership that has, directly or indirectly, an interest in, or for civil law a right in, the production — is a tax shelter investment for the purpose of section 143.2. When assistance received
(ii) the trustees Impôt sur le revenu
For the purposes of this Act other than this section, and for greater certainty, the amount that a corporation is deemed under subsection 125.4(3) to have paid for a taxation year is assistance received by the corporation from a government immediately before the end of the year. Revocation of certificate
If an omission or incorrect statement was made for the purpose of obtaining a Canadian film or video production certificate in respect of a production, or if the production is not a Canadian film or video production, (a) the Minister of Canadian Heritage may (ii) if the certificate was issued in respect of productions included in an episodic television series, revoke the certificate in respect of one or more episodes in the series; (b) for greater certainty, for the purposes of this section, the expenditures and cost of production in respect of productions included in an episodic television series that relate to an episode in the series in respect of which a certificate has been revoked are not attributable to a Canadian film or video production; and (c) for the purpose of subparagraph (3)(a)(i), a certificate that has been revoked is deemed never to have been issued.
The Minister of Canadian Heritage shall issue guidelines respecting the circumstances under which the conditions in the definition Canadian film or video production certificate in subsection (1) are satisfied. For greater certainty, those guidelines are not statutory instruments as defined in the Statutory Instruments Act.
accredited film or video production certificate, in respect of a film or video production, means a certificate issued by the Minister of Canadian Heritage certifying that the production is an accredited production. (certificat de production cinématographique ou magnétoscopique agréé) accredited production has the meaning assigned by regulation. (production agréée) assistance means an amount, other than an amount deemed under subsection 125.5(3) to have been paid, that would be included under paragraph 12(1)(x) in computing the income of a taxpayer for any taxation year if that paragraph were read without reference to subparagraphs 12(1)(x)(v) to 12(1)(x)(vii). (montant d’aide) Canadian labour expenditure of a corporation for a taxation year in respect of an accredited production means, in the case of a corporation that is not an eligible production corporation in respect of the production for the year, nil, and in any other case, subject to subsection 125.5(2), the total of the following amounts in respect of the production to the extent that they are reasonable in the circumstances: (a) the salary or wages directly attributable to the production that are incurred by the corporation after October 1997, and in the year or the preceding taxation year, and that relate to services rendered in Canada for the stages of production of the production, from the final script stage to the end of the post-production stage, and paid by it in the year or within 60 days after the end of the year to employees of the corporation who were resident in Canada at the time the payments were made (other than amounts incurred in that preceding year that were paid within 60 days after the end of that preceding year), (b) that portion of the remuneration (other than salary or wages and other than remuneration that relates to services rendered in the preceding taxation year and that was paid within 60 days after the end of that preceding year) that is directly attributable to the production, that relates to services rendered in Canada after October 1997 and in the year, or that preceding year, to the corporation for the stages of production of the production, from the final script stage to the end of the post-production stage, and that is paid by it in the year or within 60 days after the end of the year to a person or a partnership, that carries on a business in Canada through a permanent establishment (as defined by regulation), and that is (i) an individual resident in Canada at the time the amount is paid and who is not an employee of the corporation, to the extent that the amount paid (A) is attributable to services personally rendered by the individual in Canada in respect of the accredited production, or (B) is attributable to and does not exceed the salary or wages paid by the individual to the individual’s employees at a time when they were resident in Canada for personally rendering services in Canada in respect of the accredited production, (ii) another corporation that is a taxable Canadian corporation, to the extent that the amount paid is attributable to and does not exceed the salary or wages paid to the other corporation’s employees at a time when they were resident in Canada for personally rendering services in Canada in respect of the accredited production, (iii) another corporation that is a taxable Canadian corporation, all the issued and outstanding shares of the capital stock of which (except directors’ qualifying shares) belong to an individual who was resident in Canada and the activities of which consist principally of the provision of the individual’s services, to the extent that the amount paid is attributable to services rendered personally in Canada by the individual in respect of the accredited production, or (iv) a partnership, to the extent that the amount paid (A) is attributable to services personally rendered in respect of the accredited production by an individual who is resident in Canada and who is a member of the partnership, or (B) is attributable to and does not exceed the salary or wages paid by the partnership to its employees at a time when they were resident in Canada for personally rendering services in Canada in respect of the accredited production, and (i) the corporation is a subsidiary wholly-owned corporation of another corporation that is a taxable Canadian corporation (in this section referred to as the “parent”), and (ii) the corporation and the parent have filed with the Minister an agreement that this paragraph apply in respect of the production, the reimbursement made by the corporation in the year, or within 60 days after the end of the year, of an expenditure that was incurred by the parent in a particular taxation year of the parent in respect of the production and that would be included in the Canadian labour expenditure of the corporation in respect of the production for the particular taxation year because of paragraph (a) or (b) if (iii) the corporation had had such a particular taxation year, and (iv) the expenditure were incurred by the corporation for the same purpose as it was incurred by the parent and were paid at the same time and to the same person or partnership as it was paid by the parent. (dépense de main-d’œuvre au Canada) eligible production corporation, in respect of an accredited production for a taxation year, means a corporation that, the activities of which in the year in Canada are primarily the carrying on through a permanent establishment (as defined by regulation) in Canada of a film or video production business or a film or video production services business and that (a) owns the copyright in the accredited production throughout the period during which the production is produced in Canada, or (b) has contracted directly with the owner of the copyright in the accredited production to provide production services in respect of the production, where the owner of the copyright is not an eligible production corporation in respect of the production, except a corporation that is, at any time in the year, (c) a person all or part of whose taxable income is exempt from tax under this Part, (d) controlled directly or indirectly in any manner whatever by one or more persons all or part of whose taxable income is exempt from tax under this Part, or qualified Canadian labour expenditure of an eligible production corporation for a taxation year in respect of an accredited production means the amount, if any, by which (a) the total of all amounts each of which is the corporation’s Canadian labour expenditure for the year or a preceding taxation year exceeds the aggregate of (b) the total of all amounts, each of which is an amount of assistance that can reasonably be considered to be in respect of amounts included in the total determined under paragraph (a) in respect of the corporation for the year that, at the time of filing its return of income for the year, the corporation or any other person or partnership has received, is entitled to receive or can reasonably be expected to receive, that has not been repaid before that time pursuant to a legal obligation to do so (and that does not otherwise reduce that expenditure), (c) the total of all amounts, each of which is the qualified Canadian labour expenditure of the corporation in respect of the accredited production for a preceding taxation year before the end of which the principal filming or taping of the production began, and (d) where the corporation is a parent, the total of all amounts each of which is included in the total determined under paragraph (a) in respect of the corporation for the year and is the subject of an agreement in respect of the accredited production referred to in paragraph (c) of the definition Canadian labour salary or wages does not include an amount described in section 7 or an amount determined by reference to profits or revenues. (traitement ou salaire) Rules governing Canadian labour expenditure of a corporation
(i) était l’époux ou le conjoint de fait du particulier et avait une infirmité mentale, (ii) était l’enfant ou le petit-enfant du particulier et était à sa charge en raison d’une infirmité mentale; b) la fiducie est, au moment donné, une fiducie personnelle dans le cadre de laquelle : (i) durant la vie du contribuable, lui seul peut recevoir une partie quelconque du revenu ou du capital de la fiducie ou autrement en obtenir l’usage, (ii) les fiduciaires : (A) d’une part, sont autorisés à prélever des sommes sur la fiducie pour les verser au contribuable, (B) d’autre part, sont tenus — lorsqu’il s’agit de décider s’il y a lieu ou non de verser une somme au contribuable — de prendre en considération les besoins de celui-ci, notamment en ce qui concerne son bien-être et son entretien. Définition de rente admissible de fiducie
For the purpose of the definition Canadian labour expenditure in subsection 125.5(1), (a) remuneration does not include remuneration determined by reference to profits or revenues; (b) services referred to in paragraph (b) of that definition that relate to the post-production stage of the accredited production include only the services that are rendered at that stage by a person who performs the duties of animation cameraman, assistant colourist, assistant mixer, assistant sound-effects technician, boom operator, colourist, computer graphics designer, cutter, developing technician, director of post production, dubbing technician, encoding technician, inspection technician — clean up, mixer, optical effects technician, picture editor, printing technician, projectionist, recording technician, senior editor, sound editor, sound-effects technician, special effects editor, subtitle technician, timer, video-film recorder operator, videotape operator or by a person who performs a prescribed duty; (c) that definition does not apply to an amount to which section 37 applies; and (d) for greater certainty, that definition does not apply to an amount that is not a production cost including an amount in respect of advertising, marketing, promotion, market research or an amount related in any way to another film or video production. Tax credit
Chacune des rentes ci-après constitue une rente admissible de fiducie relativement à un contribuable : a) la rente qui remplit les conditions suivantes : (i) elle est acquise après 2005, (ii) le rentier en vertu de la rente est une fiducie qui, au moment où la rente est acquise, est une fiducie de prestation viagère relativement au contribuable et à la succession d’un particulier, (iii) il s’agit soit d’une rente viagère avec ou sans durée garantie, soit d’une rente à terme fixe égale à la différence entre 90 et l’âge du contribuable en années accomplies au moment où la rente est acquise, (iv) s’il s’agit d’une rente à durée garantie ou déterminée, ses modalités exigent que, en cas de décès du contribuable pendant la durée garantie ou déterminée, les sommes à verser par ailleurs après ce décès soient converties en versement unique; b) la rente qui remplit les conditions suivantes : (i) elle est acquise après 1988,
An eligible production corporation in respect of an accredited production for a taxation year is deemed to have paid on its balance-due day for the year an amount on account of its tax payable under this Part for the year equal to 16% of its qualified Canadian labour expenditure for the year in respect of the production, if (a) the corporation files with its return of income for the year (ii) an accredited film or video production certificate in respect of the production, and (iii) each other document prescribed in respect of the production; and (b) the principal filming or taping of the production began before the end of the year. Canadian film or video production
For the purpose of paragraph 60(l), (ii) le rentier en vertu de la rente est une fiducie dans le cadre de laquelle le contribuable est le seul à avoir un droit de bénéficiaire sur les sommes à verser aux termes de la rente, ce droit étant déterminé compte non tenu du droit d’une personne de recevoir une somme de la fiducie seulement au décès ou après le décès du contribuable, (iii) il s’agit d’une rente d’une durée déterminée n’excédant pas la différence entre 18 et l’âge du contribuable en années accomplies au moment où la rente est acquise, et (iv) si elle est acquise après 2005, ses modalités exigent que, en cas de décès du contribuable pendant la durée déterminée, les sommes à verser par ailleurs après ce décès soient converties en versement unique; c) la rente qui remplit les conditions suivantes : (i) elle est acquise (A) après 2000 et avant 2005, à un moment où le contribuable avait une infirmité mentale ou physique, (B) en 2005, à un moment où le contribuable avait une infirmité mentale, (ii) le rentier en vertu de la rente est une fiducie dans le cadre de laquelle le contribuable est le seul à avoir un droit de bénéficiaire sur les sommes à verser aux termes de la rente, ce droit étant déterminé compte non tenu du droit d’une personne de recevoir une somme de la fiducie seulement au décès ou après le décès du contribuable, (iii) il s’agit soit d’une rente viagère avec ou sans durée garantie, soit d’une rente d’une durée déterminée égale à la différence entre 90 et l’âge du contribuable en années accomplies au moment où la rente est acquise. Application de l’alinéa 60l)
Subsection 125.5(3) does not apply in respect of a production in respect of which an amount is deemed to have been paid under subsection 125.4(3). When assistance received
Les règles ci-après s’appliquent à l’alinéa 60l) : a) pour déterminer si une rente admissible de fiducie relativement à un contribuable est une rente visée au sous-alinéa 60l)(ii), les divisions 60l)(ii)(A) et (B) s’appliquent compte non tenu de l’exigence, énoncée à ces divisions, voulant que le contribuable soit le rentier en vertu de la rente; b) la somme versée pour l’acquisition d’une rente admissible de fiducie relativement à un contribuable qui Definitions (a) a refund of premiums (as defined in subsection 146(1)); (b) an eligible amount under subsection 146.3(6.11); or ne serait pas considérée comme ayant été versée par celui-ci ou pour son compte si la présente loi s’appliquait compte non tenu du présent paragraphe est réputée avoir été versée pour son compte dans le cas où, à la fois : (i) elle est versée : (A) par la succession d’un particulier qui, immédiatement avant son décès, était : (I) l’époux ou le conjoint de fait du contribuable, (II) le père, la mère, le grand-père ou la grand-mère du contribuable dont celui-ci était une personne à charge, (B) par la fiducie qui est le rentier en vertu de la rente admissible de fiducie, (ii) elle serait, en application de l’alinéa 60l), dans le calcul du revenu du contribuable pour une année d’imposition si elle avait été versée par celui-ci, et le contribuable fait choix, dans sa déclaration de revenu prévue en vertu de la présente loi pour cette année d’imposition, que le présent alinéa s’applique à la somme. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2013, ch. 34, art. 197. Définitions
For the purposes of this Act other than this section, and for greater certainty, the amount that a corporation is deemed under subsection 125.5(3) to have paid for a taxation year is assistance received by the corporation from a government immediately before the end of the year. Revocation of certificate
paiement de REEI déterminé S’entend, relativement à un particulier admissible, d’un paiement qui, à la fois : a) est fait à un régime enregistré d’épargne-invalidité dont le particulier est le bénéficiaire; b) est conforme aux conditions énoncées aux alinéas 146.4(4)h) à h.1); c) est fait après juin 2011; d) est désigné dans le formulaire prescrit pour une année d’imposition par le titulaire du régime et le particulier au moment où il est fait; e) si le particulier admissible n’est pas un particulier admissible au CIPH (au sens du paragraphe 146.4(1)), est fait au plus tard à la fin de la quatrième année d’imposition suivant la dernière année d’imposition au cours de laquelle le bénéficiaire n’est pas un particulier admissible au CIPH. (specified RDSP payment) (c) a payment (other than a payment that is part of a series of periodic payments or that relates to an actuarial surplus) out of or under a pooled registered pension plan, a registered pension plan or a specified pension plan. (product admissible) specified RDSP payment in respect of an eligible individual means a payment that (i) a registered retirement savings plan or registered retirement income fund, or (iii) the RRSP withdrawal does not exceed the amount deducted under subparagraph (i). (produit admissible transitoire) Application of subsections (4) and (5)
An accredited film or video production certificate in respect of an accredited production may be revoked by the Minister of Canadian Heritage where (a) an omission or incorrect statement was made for the purpose of obtaining the certificate, or (b) the production is not an accredited production.
Subsections (4) and (5) do not apply unless (ii) le retrait de REER est inclus dans le calcul du revenu du contribuable pour l’année du retrait, (iii) le retrait de REER n’excède pas le montant déduit selon le sous-alinéa (i). (transitional eligible proceeds) Roulement au REEI au décès
assistance means an amount, other than an amount received from the Aid to Publishers component of the Canada Periodical Fund or an amount deemed under subsection (2) to have been paid, that would be included under paragraph 12(1)(x) in computing the income of a taxpayer for any taxation year if that paragraph were read without reference to (a) subparagraphs 12(1)(x)(v) to (viii), if the amount were received (i) from a person or partnership described in subparagraph 12(1)(x)(ii), or eligible newsroom employee, in respect of a qualifying journalism organization in a taxation year, means an individual who (a) is employed by the organization in the taxation year; (b) works, on average, a minimum of 26 hours per week throughout the portion of the taxation year in which the individual is employed by the organization; (c) at any time in the taxation year, has been, or is reasonably expected to be, employed by the organization for a minimum period of 40 consecutive weeks that includes that time; (d) spends at least 75% of their time engaged in the production of original written news content, including by researching, collecting information, verifying facts, photographing, writing, editing, designing and otherwise preparing content; and low threshold qualifying labour expenditure of a taxpayer for a taxation year that begins before 2023 and ends after 2022, in respect of an eligible newsroom employee, means the lesser of (a) the amount determined by the formula A is the lesser of 365 and the number of days in the taxation year that are before 2023 during which the taxpayer is a qualifying journalism organization, and (b) the amount determined by the formula A is the amount determined by the formula C is the salary or wages payable by the taxpayer to the eligible newsroom employee in respect of the portion of the taxation year throughout which the taxpayer is a qualifying journalism organization, D is the number of days in the taxation year that are before 2023 during which the taxpayer is a qualifying journalism organization, and E is the number of days in the taxation year during which the taxpayer is a qualifying journalism organization, and B is the amount determined by the formula F is the total of all amounts each of which is an amount of assistance that (i) the taxpayer has received, is entitled to receive or can reasonably be expected to receive, in respect of amounts described in C, and (ii) has not been repaid before the end of the year pursuant to a legal obligation to do so, G is the number of days in the taxation year that are before 2023 during which the taxpayer is a qualifying journalism organization, and H is the number of days in the taxation year during which the taxpayer is a qualifying qualifying journalism organization, at any time, means a qualified Canadian journalism organization that meets the following conditions: (a) it does not hold a licence, as defined in subsection 2(1) of the Broadcasting Act; and qualifying labour expenditure of a taxpayer for a taxation year in respect of an eligible newsroom employee, for a taxation year, means the lesser of (a) that begins before 2023 and ends after 2022, means the lesser of (i) the amount determined by the formula A is the lesser of 365 and the number of days in the taxation year that are after 2022 during which the taxpayer is a qualifying journalism organization, and (ii) the amount determined by the formula A is the amount determined by the formula C is the salary or wages payable by the taxpayer to the eligible newsroom employee in respect of the portion of the taxation year throughout which the taxpayer is a qualifying journalism organization, D is the number of days in the taxation year that are after 2022 during which the taxpayer is a qualifying journalism organization, and E is the number of days in the taxation year during which the taxpayer is a qualifying journalism organization, and B is the amount determined by the formula F is the total of all amounts each of which is an amount of assistance that (A) the taxpayer has received, is entitled to receive or can reasonably be expected to receive, in respect of amounts described in C, and (B) has not been repaid before the end of the year pursuant to a legal obligation to do so, G is the number of days in the taxation year that are after 2022 during which the taxpayer is a qualifying journalism organization, and H is the number of days in the taxation year during which the taxpayer is a qualifying journalism organization; and (b) that begins after 2022, means the lesser of (i) the amount determined by the formula A is the lesser of 365 and the number of days in the taxation year during which the taxpayer is a qualifying journalism organization, and (ii) the amount determined by the formula A is the salary or wages payable by the taxpayer to the eligible newsroom employee in respect of the portion of the taxation year throughout which the taxpayer is a qualifying journalism organization, and B is the total of all amounts each of which is an amount of assistance that (A) the taxpayer has received, is entitled to receive or can reasonably be expected to receive, in respect of amounts described in A, and (B) has not been repaid before the end of the year pursuant to a legal obligation to do so. Tax credit
Est déductible dans le calcul du revenu pour une année d’imposition d’un contribuable qui est un particulier admissible toute somme qui, à la fois : a) n’excède pas la moins élevée des sommes suivantes : (i) le total des paiements de REEI déterminés faits relativement au contribuable au cours de l’année ou dans les 60 jours suivant la fin de l’année (ou au cours de toute période plus longue suivant la fin de l’année que le ministre accepte), (ii) le total des produits admissibles qui est inclus dans le calcul du revenu du contribuable pour l’année; b) n’a pas été déduite dans le calcul du revenu du contribuable pour une année d’imposition antérieure. Application des paragraphes (4) et (5)
A taxpayer (other than a partnership) that is a qualifying journalism organization at any time in a taxation year and that files a prescribed form containing prescribed information with its return of income for the year is deemed to have, on its balance-due day for the year, paid on account of its tax payable under this Part for the year (a) if the year begins before 2023 and ends after 2022, an amount determined by the formula A is the total of all amounts each of which is a low threshold qualifying labour expenditure of the qualifying journalism organization for the year in respect of an eligible newsroom employee, B is the total of all amounts each of which is a qualifying labour expenditure of the qualifying journalism organization for the year in respect of an eligible newsroom employee, and C is the amount received by the taxpayer from the Aid to Publishers component of the Canada Periodical Fund in the year; (b) if the year begins after 2022 and ends before 2027, an amount determined by the formula A is the total of all amounts each of which is a qualifying labour expenditure of the qualifying journalism organization for the year in respect of an eligible newsroom employee, and B is the amount received by the taxpayer from the Aid to Publishers component of the Canada Periodical Fund in the year; (c) if the year begins before 2027 and ends after 2026, an amount determined by the formula A is the amount determined by the formula D is the total of all amounts each of which is a qualifying labour expenditure of the qualifying journalism organization for the year in respect of an eligible newsroom employee, E is the number of days in the taxation year that are before 2027 during which the taxpayer is a qualifying journalism organization, and F is the number of days in the taxation year during which the taxpayer is a qualifying journalism organization, B is the amount determined by the formula G is the total of all amounts each of which is a qualifying labour expenditure of the qualifying journalism organization for the year in respect of an eligible newsroom employee, H is the number of days in the taxation year that are after 2026 during which the taxpayer is a qualifying journalism organization, and I is the number of days in the taxation year during which the taxpayer is a qualifying journalism organization, and C is the amount received by the taxpayer from the Aid to Publishers component of the Canada Periodical Fund in the year; and is the total of all amounts each of which is a qualifying labour expenditure of the qualifying journalism organization for the year in respect of an eligible newsroom employee, and is the amount received by the taxpayer from the Aid to Publishers component of the Canada Periodical Fund in the year. Partnership — tax credit (2.1) If a taxpayer (other than a partnership) is a member of a partnership (other than a specified member of the partnership) at the end of a fiscal period of the partnership that ends in a taxation year of the taxpayer, the partnership is a qualifying journalism organization at any time in that fiscal period and the partnership files an information return in prescribed form containing prescribed information for that fiscal period, then the taxpayer is deemed to have, on the taxpayer’s balance-due day for the taxation year, paid on account of the taxpayer’s tax payable under this Part for the taxation year (a) if the fiscal period begins before 2023 and ends after 2022, an amount determined by the formula is the total of all amounts each of which is a low threshold qualifying labour expenditure of the qualifying journalism organization for the fiscal period in respect of an eligible newsroom employee, is the total of all amounts each of which is a qualifying labour expenditure of the qualifying journalism organization for the fiscal period in respect of an eligible newsroom employee, is the amount received by the qualifying journalism organization from the Aid to Publishers component of the Canada Periodical Fund in the fiscal period, is the total of all specified proportions of members of the partnership for the fiscal period, other than members that are partnerships or specified members of the partnership; (b) if the fiscal period begins after 2022 and ends before 2027, an amount determined by the formula is the total of all amounts each of which is a qualifying labour expenditure of the qualifying journalism organization for the fiscal period in respect of an eligible newsroom employee, is the amount received by the qualifying journalism organization from the Aid to Publishers component of the Canada Periodical Fund in the fiscal period, is the total of all specified proportions of members of the partnership for the fiscal period, other than members that are partnerships or specified members of the partnership; (c) if the fiscal period begins before 2027 and ends after 2026, an amount determined by the formula is the amount determined by the formula is the total of all amounts each of which is a qualifying labour expenditure of the qualifying journalism organization for the fiscal period in respect of an eligible newsroom employee, is the number of days in the fiscal period that are before 2027 during which the partnership is a qualifying journalism organization, and is the number of days in the fiscal period during which the partnership is a qualifying journalism organization, is the amount determined by the formula is the total of all amounts each of which is a qualifying labour expenditure of the qualifying journalism organization for the fiscal period in respect of an eligible newsroom employee, is the number of days in the fiscal period that are after 2026 during which the partnership is a qualifying journalism organization, and is the number of days in the fiscal period during which the partnership is a qualifying journalism organization, is the amount received by the qualifying journalism organization from the Aid to Publishers component of the Canada Periodical Fund in the fiscal period, is the total of all specified proportions of members of the partnership for the fiscal period, other than members that are partnerships or specified members of the partnership; and is the total of all amounts each of which is a qualifying labour expenditure of the qualifying journalism organization for the fiscal period in respect of an eligible newsroom employee, is the amount received by the qualifying journalism organization from the Aid to Publishers component of the Canada Periodical Fund in the fiscal period, is the total of all specified proportions of members of the partnership for the fiscal period, other than members that are partnerships or specified members of the partnership. Partnership — application rule (2.2) In this section, a taxpayer includes a partnership. When assistance received
Les paragraphes (4) et (5) ne s’appliquent que s’il s’avère que : a) un contribuable qui était rentier d’un régime enregistré d’épargne-retraite ou d’un fonds enregistré de revenu de retraite ou participant à un régime de pension agréé décède après 2007 et avant 2011; b) immédiatement avant son décès, le contribuable était le parent ou le grand-parent d’un particulier admissible; c) l’une des personnes ci-après a reçu sur le régime ou le fonds un produit admissible transitoire : (i) un particulier admissible relativement au contribuable, (ii) la personne qui était l’époux ou le conjoint de fait du contribuable immédiatement avant le décès de celui-ci, (iii) une personne qui est bénéficiaire de la succession du contribuable ou qui a reçu directement un produit admissible transitoire par suite du décès de celui-ci; Limitation [NOTE: Applicable provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1990, c. 35, s. 5; 2010, c. 25, s. 11; 2011, c. 24, s. 12; 2012, c. 3, s. 13; 2021, c. 23, s. 9. Additions to clause 60(l)(v.B.2) for 2008 d) le produit admissible transitoire a été inclus dans le calcul du revenu d’une personne pour une année d’imposition. Règle transitoire
For the purposes of this Act other than this section, and for greater certainty, the amount that a taxpayer is deemed under subsection (2) or (2.1) to have paid for a taxation year is assistance received by the taxpayer from a government immediately before the end of the year.
Est déductible dans le calcul du revenu d’un contribuable visé à l’alinéa (3)c) pour une année d’imposition toute somme approuvée par le ministre qui n’excède pas la moins élevée des sommes suivantes : a) le total des paiements de REEI déterminés faits par le contribuable avant 2012; b) le montant du produit admissible transitoire inclus dans le calcul du revenu du contribuable pour l’année. Règle transitoire — contribuable décédé
baseline remuneration, in respect of an eligible employee of an eligible entity, means the average weekly eligible remuneration, excluding any period of seven or more consecutive days for which the employee was not remunerated, paid to the eligible employee by the eligible entity during the period that (a) begins on January 1, 2020 and ends on March 15, 2020; or (i) begins on March 1, 2019 and ends on May 31, 2019, in respect of any of the first qualifying period to the third qualifying period, (ii) begins on March 1, 2019 and ends on June 30, 2019, in respect of the fourth qualifying period, unless the eligible entity elects to use the period that begins on March 1, 2019 and ends on May 31, 2019 for that qualifying period, (iii) begins on July 1, 2019 and ends on December 31, 2019, in respect of any of the fifth qualifying period to the thirteenth qualifying period, (iii.1) begins on March 1, 2019 and ends on June 30, 2019, in respect of any of the fourteenth qualifying period to the seventeenth qualifying period, unless the eligible entity elects to use the period that begins on July 1, 2019 and ends on December 31, 2019 for that qualifying period, (iii.2) begins on July 1, 2019 and ends on December 31, 2019, in respect of the eighteenth qualifying period and any subsequent qualifying period, or (iv) if the eligible employee was on leave for any reason mentioned in subsection 12(3) of the Employment Insurance Act or section 2 of the Act respecting parental insurance, CQLR, c. A-29.011 throughout the period that begins on July 1, 2019 and ends on March 15, 2020, begins 90 days prior to the date on which the employee commenced that leave and ends on the day prior to the date on which they commenced their leave, in respect of the fifth qualifying period and any subsequent qualifying period. (rémunération de base) base percentage, of an eligible entity for a qualifying period, means (a) for the fifth qualifying period, (i) if the entity’s revenue reduction percentage is greater than or equal to 50%, 60%, and (ii) in any other case, 1.2 multiplied by the revenue reduction percentage; (b) for the sixth qualifying period, (i) if the entity’s revenue reduction percentage is greater than or equal to 50%, 60%, and (ii) in any other case, 1.2 multiplied by the revenue reduction percentage; (c) for the seventh qualifying period, (i) if the entity’s revenue reduction percentage is greater than or equal to 50%, 50%, and (ii) in any other case, 1 multiplied by the revenue reduction percentage; (i) if the entity’s revenue reduction percentage is greater than or equal to 50%, 40%, and (ii) in any other case, 0.8 multiplied by the revenue reduction percentage; (e) for the ninth qualifying period, (i) if the entity’s revenue reduction percentage is greater than or equal to 50%, 40%, and (ii) in any other case, 0.8 multiplied by the revenue reduction percentage; (f) for the tenth qualifying period, (i) if the entity’s revenue reduction percentage is greater than or equal to 50%, 40%, and (ii) in any other case, 0.8 multiplied by the revenue reduction percentage; (g) for the eleventh qualifying period to the seventeenth qualifying period, (i) if the entity’s revenue reduction percentage is greater than or equal to 50%, 40%, and (ii) in any other case, the percentage determined by the formula A is the revenue reduction percentage; (i) if the entity’s revenue reduction percentage is greater than or equal to 50%, 35%, and (ii) in any other case, the percentage determined by the formula A is the revenue reduction percentage; (i) if the entity’s revenue reduction percentage is greater than or equal to 50%, 25%, and (ii) in any other case, the percentage determined by the formula A is the revenue reduction percentage; (i) if the eligible entity’s revenue reduction percentage is greater than or equal to 50%, 25%, and (ii) in any other case, the percentage determined by the formula A is the revenue reduction percentage; (i) if the eligible entity’s revenue reduction percentage is greater than or equal to 50%, 10%, and (ii) in any other case, the percentage determined by the formula A is the revenue reduction percentage; (l) for the twenty-second qualifying period to the twenty-sixth qualifying period, (i) the lesser of 75% and the eligible entity’s revenue reduction percentage for the qualifying period, if, for the qualifying period, (A) the eligible entity’s revenue reduction percentage is greater than or equal to 40%, and (B) either of the following conditions is met: (I) the eligible entity is a qualifying tourism or hospitality entity, or (II) the eligible entity is subject to a qualifying public health restriction, (ii) if subparagraph (i) does not apply to the eligible entity, the eligible entity’s revenue reduction percentage for the qualifying period is greater than or equal to 50% and the prior year revenue decline of the eligible entity is greater than or equal to 50%, the lesser of 50% and the percentage determined by the formula A is the eligible entity’s revenue reduction percentage for the qualifying period, and (m) for the twenty-seventh qualifying period and the twenty-eighth qualifying period, (i) the lesser of 37.5% and one half of the eligible entity’s revenue reduction percentage for the qualifying period, if, for the qualifying period, (A) the eligible entity’s revenue reduction percentage is greater than or equal to 40%, and (B) either of the following conditions is met: (I) the eligible entity is a qualifying tourism or hospitality entity, or (II) the eligible entity is subject to a qualifying public health restriction, (ii) if subparagraph (i) does not apply to the eligible entity, the eligible entity’s revenue reduction percentage is for the qualifying period greater than or equal to 50% and the prior year revenue decline of the eligible entity is greater than or equal to 50%, the lesser of 25% and the percentage determined by the formula A is the eligible entity’s revenue reduction percentage for the qualifying period, and (iii) in any other case, nil; and (n) for a qualifying period after the twentieth qualifying period, a percentage determined by regulation in respect of the eligible entity for the qualifying period or, for a qualifying period after the twenty-eighth qualifying period, if there is no percentage determined by regulation for the qualifying period, nil. (pourcentage de base) current reference period, for a qualifying period, means (a) for the first qualifying period, March 2020; (b) for the second qualifying period, April 2020; (c) for the third qualifying period, May 2020; (c.1) for the fourth qualifying period, June 2020; (c.2) for the fifth qualifying period, July 2020; (c.3) for the sixth qualifying period, August 2020; (c.4) for the seventh qualifying period, September 2020; (c.5) for the eighth qualifying period, October 2020; (c.6) for the ninth qualifying period, November 2020; (c.7) for the tenth qualifying period, December 2020; (c.8) for the eleventh qualifying period, December 2020; (c.9) for the twelfth qualifying period, January 2021; (c.91) for the thirteenth qualifying period, February 2021; (c.92) for the fourteenth qualifying period, March 2021; (c.93) for the fifteenth qualifying period, April 2021; (c.94) for the sixteenth qualifying period, May 2021; (c.95) for the seventeenth qualifying period, June 2021; (c.96) for the eighteenth qualifying period, July 2021; (c.97) for the nineteenth qualifying period, August 2021; (c.98) for the twentieth qualifying period, September 2021; (c.99) for the twenty-first qualifying period, October 2021; (c.991) for the twenty-second qualifying period, November 2021; (c.992) for the twenty-third qualifying period, December 2021; (c.993) for the twenty-fourth qualifying period, January 2022; (c.994) for the twenty-fifth qualifying period, February 2022; (c.995) for the twenty-sixth qualifying period, March 2022; (c.996) for the twenty-seventh qualifying period, April 2022; (c.997) for the twenty-eighth qualifying period, May 2022; and eligible employee, of an eligible entity in respect of a week in a qualifying period, means an individual employed by the eligible entity primarily in Canada throughout the qualifying period (or the portion of the qualifying period throughout which the individual was employed by the eligible entity), other than, if the qualifying period is any of the first qualifying period to the fourth qualifying period, an individual who is without remuneration by the eligible entity in respect of 14 or more consecutive days in the qualifying period. (employé admissible) (a) a corporation or a trust, other than a corporation or a trust that is exempt from tax under this Part or is a public institution; (b) an individual other than a trust; (c) a registered charity, other than a public institution; (e) a partnership, all of the members of which are described in this paragraph or any of paragraphs (a) to (d); or eligible remuneration, of an eligible employee of an eligible entity, means amounts described in paragraph 153(1)(a) or (g), other than (b) amounts deemed to have been received by the eligible employee as a benefit under or because of any of paragraphs 7(1)(a) to (d.1); (c) any amount received that can reasonably be expected to be paid or returned, directly or indirectly, in any manner whatever, to (ii) a person or partnership not dealing at arm’s length with the eligible entity, or (iii) another person or partnership at the direction of the eligible entity; and (d) any amount that is paid in respect of a week in the qualifying period, if, as part of an arrangement involving the eligible employee and the eligible entity, (i) the amount is in excess of the eligible employee’s baseline remuneration, (ii) after the qualifying period, the eligible employee is reasonably expected to be paid a lower weekly amount than their baseline remuneration, and (iii) one of the main purposes for the arrangement is to increase the amount of the deemed overpayment under subsection (2). (rémunération admissible) executive compensation repayment amount, of an eligible entity, means (i) shares of the capital stock of the eligible entity are listed or traded on a stock exchange or other public market, or (ii) the eligible entity is controlled by a corporation described in subparagraph (i); and (b) if the conditions in subparagraph (a)(i) or (ii) are met, the amount determined by the formula (i) a percentage assigned to the eligible entity under an agreement in respect of the seventeenth qualifying period to the twenty-third qualifying period if (A) the agreement is entered into by (II) an eligible entity, shares of the capital stock of which are listed or traded on a stock exchange or other public market, that controls the eligible entity (referred to in this definition as the “public parent corporation”), if the public parent corporation received a deemed overpayment under subsection (2) in respect of any of the seventeenth qualifying period to the twenty-third qualifying period, and (III) each other eligible entity that received a deemed overpayment under subsection (2) in respect of any of the seventeenth qualifying period to the twenty-third qualifying period and was controlled in that period by the eligible entity or the public parent corporation, if any, (B) the agreement is filed in prescribed form and manner with the Minister, (C) the agreement assigns, for the purposes of this definition, a percentage in respect of each eligible entity referred to in clause (A) of this subparagraph, (D) the total percentages assigned under the agreement equal 100%, (E) the percentage assigned to an eligible entity under the agreement does not result in an amount that exceeds the total of the amounts representing the deemed overpayments of the entity under subsection (2) in respect of the qualifying periods from the seventeenth qualifying period to the twenty-third qualifying period, (i.1) a percentage assigned to the eligible entity under an agreement in respect of qualifying periods after the twenty-third qualifying period, if the following conditions are satisfied: (A) the agreement is entered into by the following entities: (D) the total of all the percentages assigned under the agreement equals 100%, and (E) the percentage allocated to any eligible entity under the agreement would not result in an amount allocated to the eligible entity in excess of the total of all amounts of deemed overpayments of the eligible entity under subsection (2) for any of the seventeenth qualifying period to the twenty-third qualifying period, (i.1) a percentage assigned to the eligible entity under an agreement in respect of the twenty-fourth qualifying period and any subsequent qualifying period if (A) the agreement is entered into by (II) the public parent corporation, if the public parent corporation received a deemed overpayment under subsection (2) in respect of the twenty-fourth qualifying period and any subsequent qualifying period, and (III) each other eligible entity that received a deemed overpayment under subsection (2) in respect of the twenty-fourth qualifying period or any subsequent qualifying period and was controlled in that period by the eligible entity or the public parent corporation, if any, (B) the agreement is filed in prescribed form and manner with the Minister, (C) the agreement assigns, for the purposes of this definition, a percentage in respect of each eligible entity referred to in clause (A) of this subparagraph, (D) the total of all the percentages assigned under the agreement equals 100%, and (E) the percentage allocated to any eligible entity under the agreement would not result in an amount allocated to the eligible entity in excess of the total of all amounts of deemed overpayments of the eligible entity under subsection (2) for the twenty-fourth qualifying period and any subsequent qualifying period, and (ii) in any other case, 100%, and (i) for the seventeenth qualifying period to the twenty-third qualifying period, the lesser of (A) the total of the amounts representing each deemed overpayment under subsection (2) for each of those qualifying periods in respect of each eligible entity referred to in clause (i)(A) of the description of A for the seventeenth to the twenty-third qualifying periods, excluding amounts in respect of employees on leave with pay, and (B) the amount determined by the formula (A) the total of all amounts each of which is an amount of a deemed overpayment under subsection (2) for each of the eligible entities described in clause (i)(A) of the description of A for the seventeenth qualifying period to the twenty-third qualifying period, other than amounts in respect of employees on leave with pay, and (B) the amount determined by the formula C is the executive remuneration of the eligible entity, or of the public parent corporation that controls the eligible entity, if any, for the 2021 calendar year (prorated based upon the number of days of the eligible entity’s, or the public parent corporation’s, fiscal periods in the calendar year, if those fiscal periods are not the calendar year), and D is the executive remuneration of the eligible entity, or of the public parent corporation that controls the eligible entity, if any, for the 2019 calendar year (prorated based upon the number of days of the eligible entity’s, or the public parent corporation’s, fiscal periods in the calendar year, if those fiscal periods are not the calendar year), and (ii) for the twenty-fourth qualifying period and any subsequent qualifying period, the lesser of (A) the total of all amounts each of which is an amount of a deemed overpayment under subsection (2) for each of the eligible entities described in clause (i.1)(A) of the description of A for the twenty-fourth qualifying period and any subsequent qualifying period, other than amounts in respect of employees on leave with pay, and (B) the amount determined by the formula E is the amount, if any, by which the amount determined under clause (i)(B) exceeds the amount determined under clause (i)(A), F is the executive remuneration of the eligible entity, or of the public parent corporation that controls the eligible entity, if any, for the 2022 calendar year (prorated based upon the number of days of the eligible entity’s, or the public parent corporation’s, fiscal periods in the calendar year, if those fiscal periods are not the calendar year), and G is the executive remuneration of the eligible entity, or of the public parent corporation that controls the eligible entity, if any, for the 2019 calendar year (prorated based upon the number of days of the eligible entity’s, or the public parent corporation’s, fiscal periods in the calendar year, if those fiscal periods are not the calendar year). (prorated based upon the number of days of the eligible entity’s, or the public parent corporation’s, fiscal periods in the calendar year, if those fiscal periods are not the calendar year), and executive remuneration, of an eligible entity, means (a) the total amount of compensation that is reported in the eligible entity’s Statement of Executive Compensation for Named Executive Officers pursuant to National Instrument 51-102 Continuous Disclosure Obligations, as amended from time to time, of the Canadian Securities Administrators in respect of Named Executive Officers of the eligible entity, (b) if paragraph (a) does not apply and the eligible entity is required to make a similar disclosure to shareholders under the laws of another jurisdiction, the amount of total compensation reported in that disclosure (if the compensation of more than five individuals is required to be reported under that disclosure, using the five most highly compensated of those individuals), and (c) if paragraphs (a) and (b) do not apply, the amount that would be required to be reported by the eligible entity using the methodology for preparing the Statement of Executive Compensation referred to in paragraph (a). (rémunération de la haute direction) prior reference period, for a qualifying period of an eligible entity, means (i) for the first qualifying period, March 2019, (ii) for the second qualifying period, April 2019, (iii) for the third qualifying period, May 2019, (iv) for the fourth qualifying period, June 2019, (v) for the fifth qualifying period, July 2019, (vi) for the sixth qualifying period, August 2019, (vii) for the seventh qualifying period, September 2019, (viii) for the eighth qualifying period, October 2019, (ix) for the ninth qualifying period, November 2019, (x) for the tenth qualifying period, December 2019, (xi) for the eleventh qualifying period, December 2019, (xii) for the twelfth qualifying period, January 2020, (xiii) for the thirteenth qualifying period, February 2020, (xiv) for the fourteenth qualifying period, March 2019, (xv) for the fifteenth qualifying period, April 2019, (xvi) for the sixteenth qualifying period, May 2019, (xvii) for the seventeenth qualifying period, June 2019, (xviii) for the eighteenth qualifying period, July 2019, (xix) for the nineteenth qualifying period, August 2019, (xx) for the twentieth qualifying period, September 2019, (xxi) for the twenty-first qualifying period, October 2019, (xxii) for the twenty-second qualifying period, November 2019, (xxiii) for the twenty-third qualifying period, December 2019, (xxiv) for the twenty-fourth qualifying period, January 2020, (xxv) for the twenty-fifth qualifying period, February 2020, (xxvi) for the twenty-sixth qualifying period, March 2019, (xxvii) for the twenty-seventh qualifying period, April 2019, and (xxviii) for the twenty-eighth qualifying period, May 2019; (b) January and February 2020, if (i) on March 1, 2019, the eligible entity was not carrying on business or otherwise carrying on its ordinary activities and the qualifying period is any of the first qualifying period to the fourth qualifying period, or (ii) the qualifying period is any of (A) the first qualifying period to the fourth qualifying period and the eligible entity elects for all of those qualifying periods to the third qualifying period, (B) the fifth qualifying period to the qualifying period referred to in paragraph (d) of the definition qualifying period and the eligible entity elects for all of those qualifying periods, (C) the fourteenth qualifying period to the seventeenth qualifying period, if (I) on March 1, 2019, the eligible entity was not carrying on business or otherwise carrying on its ordinary activities, and (II) the eligible entity elects for all of those qualifying periods, or (D) the twenty-sixth qualifying period to the twenty-eighth qualifying period, if (I) on March 1, 2019, the eligible entity was not carrying on business or otherwise carrying on its ordinary activities, and (II) the eligible entity elects for all of those qualifying periods; and prior year revenue decline, of an eligible entity means, the average of all percentages each of which would, if the Act were read without reference to subsection 125.7(9) and section 257, be the revenue reduction percentage of the eligible entity for a qualifying period (a) that is any of the first qualifying period to the thirteenth qualifying period (but including only one of the tenth qualifying period or the eleventh qualifying period); and (b) throughout which the eligible entity was (i) carrying on its ordinary activities, or public health restriction, in respect of a qualifying property of an eligible entity for a qualifying period, means an order or decision in respect of which the following conditions are met: (a) it is made under a law of Canada or a province, or the authority granted under such a law; (b) it is made in response to the coronavirus disease 2019 (COVID-19) pandemic; (c) it is limited in scope based on one or more factors, such as (iii) risks associated with a particular location; (d) non-compliance with the order or decision is a federal or provincial offence or can result in the imposition of an administrative monetary penalty or other sanction by the Government of Canada or a province; (e) it does not result from a violation by the eligible entity — or a party with which the eligible entity does not deal at arm’s length that rents, directly or indirectly, the qualifying property from the eligible entity (referred to in this definition as the “specified tenant”) — of an order or decision that meets the conditions in paragraphs (a) to (d); (f) as a result of the order or decision, some or all of the activities of the eligible entity — or the specified tenant — at, or in connection with, the qualifying property (that it is reasonable to expect the eligible entity — or the specified tenant — would, absent the order or decision, otherwise have engaged in) are required to cease (referred to in this definition as the “restricted activities”) based, for greater certainty, on the type of activity rather than the extent to which an activity may be performed or limits placed on the time during which an activity may be performed; (g) it is reasonable to conclude that at least approximately 25% of the qualifying revenues of the eligible entity — or the specified tenant — for the prior reference period that were earned from, or in connection with, the qualifying property were derived from the restricted activities; and (h) the restricted activities are required to cease for a period of at least one week. (restrictions sanitaires) public institution means (a) an organization described in any of paragraphs 149(1)(a) to (d.6); or qualifying entity, for a qualifying period, means an eligible entity that meets the following conditions: (a) it files an application with the Minister in respect of the qualifying period in prescribed form and manner not on or before the later of (i) January 31, 2021, and (ii) 180 days after the end of the qualifying period; (b) the individual who has principal responsibility for the financial activities of the eligible entity attests that the application is complete and accurate in all material respects; (c) if the qualifying period is any of the first qualifying period to the fourth qualifying period, its qualifying revenues for the current reference period are equal to or less than the specified percentage, for the qualifying period, of (i) if paragraph (a) or (c) of the definition prior reference period applies, its qualifying revenues for the prior reference period, and (ii) if paragraph (b) of the definition prior reference period applies, the amount determined by the formula A is its qualifying revenues for the prior reference period, B is the number of days in the prior reference period, and C is the number of days in the prior reference period during which the eligible entity was carrying on business; and (i) it had, on March 15, 2020, a business number in respect of which it is registered with the Minister to make remittances required under section 153, or (ii) it is the case that (A) on March 15, 2020, (I) it employed one or more individuals in Canada, (II) the payroll for its employees was administered by another person or partnership (referred to in this subparagraph as the “payroll service provider”), and (III) the payroll service provider had a business number in respect of which it is registered with the Minister to make remittances required under section 153, (B) the payroll service provider used its business number to make the remittances referred to in subclause (A)(III) in respect of the employees of the eligible entity, and (C) the Minister is satisfied that the conditions in clauses (A) and (B) are met. (entité admissible) qualifying period means (a) the period that begins on March 15, 2020 and ends on April 11, 2020 (referred to in this section as the “first qualifying period”); (b) the period that begins on April 12, 2020 and ends on May 9, 2020 (referred to in this section as the “second qualifying period”); (c) the period that begins on May 10, 2020 and ends on June 6, 2020 (referred to in this section as the “third qualifying period”); (c.1) the period that begins on June 7, 2020 and ends on July 4, 2020 (referred to in this section as the “fourth qualifying period”); (c.2) the period that begins on July 5, 2020 and ends on August 1, 2020 (referred to in this section as the “fifth qualifying period”); (c.3) the period that begins on August 2, 2020 and ends on August 29, 2020 (referred to in this section as the “sixth qualifying period”); (c.4) the period that begins on August 30, 2020 and ends on September 26, 2020 (referred to in this section as the “seventh qualifying period”); (c.5) the period that begins on September 27, 2020 and ends on October 24, 2020 (referred to in this section as the “eighth qualifying period”); (c.6) the period that begins on October 25, 2020 and ends on November 21, 2020 (referred to in this section as the “ninth qualifying period”); (c.7) the period that begins on November 22, 2020 and ends on December 19, 2020 (referred to in this section as the “tenth qualifying period”); (c.8) the period that begins on December 20, 2020 and ends on January 16, 2021 (referred to in this section as the “eleventh qualifying period”); (c.9) the period that begins on January 17, 2021 and ends on February 13, 2021 (referred to in this section as the “twelfth qualifying period”); (c.91) the period that begins on February 14, 2021 and ends on March 13, 2021 (referred to in this section as the “thirteenth qualifying period”); (c.92) the period that begins on March 14, 2021 and ends on April 10, 2021 (referred to in this section as the “fourteenth qualifying period”); (c.93) the period that begins on April 11, 2021 and ends on May 8, 2021 (referred to in this section as the “fifteenth qualifying period”); (c.94) the period that begins on May 9, 2021 and ends on June 5, 2021 (referred to in this section as the “sixteenth qualifying period”); (c.95) the period that begins on June 6, 2021 and ends on July 3, 2021 (referred to in this section as the “seventeenth qualifying period”); (c.96) the period that begins on July 4, 2021 and ends on July 31, 2021 (referred to in this section as the “eighteenth qualifying period”); (c.97) the period that begins on August 1, 2021 and ends on August 28, 2021 (referred to in this section as the “nineteenth qualifying period”); (c.98) the period that begins on August 29, 2021 and ends on September 25, 2021 (referred to in this section as the “twentieth qualifying period”); (c.99) the period that begins on September 26, 2021 and ends on October 23, 2021 (referred to in this section as the “twenty-first qualifying period”); (c.991) the period that begins on October 24, 2021 and ends on November 20, 2021 (referred to in this section as the “twenty-second qualifying period”); (c.992) the period that begins on November 21, 2021 and ends on December 18, 2021 (referred to in this section as the “twenty-third qualifying period”); (c.993) the period that begins on December 19, 2021 and ends on January 15, 2022 (referred to in this section as the “twenty-fourth qualifying period”); (c.994) the period that begins on January 16, 2022 and ends on February 12, 2022 (referred to in this section as the “twenty-fifth qualifying period”); (c.995) the period that begins on February 13, 2022 and ends on March 12, 2022 (referred to in this section as the “twenty-sixth qualifying period”); (c.996) the period that begins on March 13, 2022 and ends on April 9, 2022 (referred to in this section as the “twenty-seventh qualifying period”); (c.997) the period that begins on April 10, 2022 and ends on May 7, 2022 (referred to in this section as the “twenty-eighth qualifying period”); and qualifying property, of an eligible entity for a qualifying period, means real or immovable property (other than property that is a self-contained domestic establishment used by the eligible entity or by a person not dealing at arm’s length with the eligible entity, or part of such a self-contained domestic establishment, the land subjacent to the self-contained domestic establishment and such portion of any immediately contiguous land as can reasonably be regarded as contributing to the use and enjoyment of the self-contained domestic establishment as a residence) in Canada used by the eligible entity in the course of its ordinary activities. (bien admissible) qualifying public health restriction, of an eligible entity for a qualifying period, means that the meaning of the definition public health restriction) of the eligible entity — is subject to a public health restriction for at least seven days in the qualifying period; and (b) it is reasonable to conclude that at least approximately 25% of the qualifying revenues of the eligible entity — together with the qualifying revenues of any specified tenants of the eligible entity — for the prior reference period were derived from the restricted activities. (restrictions sanitaires admissibles) qualifying recovery entity, for a qualifying period, means an eligible entity that meets the following conditions: (a) it files an application with the Minister in respect of the qualifying period in prescribed form and manner no later than 180 days after the end of the qualifying period; (b) it would be a qualifying entity for the qualifying period if the definition qualifying entity were read without reference to its paragraph (a); (c) if it is a corporation (other than a corporation that is exempt from tax under this Part), it (i) is a Canadian-controlled private corporation, or (ii) would be a Canadian-controlled private corporation absent the application of subsection 136(1); (d) if it is a partnership, throughout the qualifying period it is the case that A is the total of all amounts, each of which is the fair market value of an interest in the partnership held — directly or indirectly, through one or more partnerships — by (i) a person or partnership other than an eligible entity, or (ii) a corporation, other than a corporation that (A) is exempt from tax under this Part, or (B) is described in subparagraph (c)(i) or (ii), and B is the total fair market value of all interests in the partnership; and (e) it has a revenue reduction percentage (i) greater than 0%, if it is the seventeenth qualifying period, or (ii) greater than 10% (or a percentage determined by regulation for the qualifying period), if it is any of the eighteenth qualifying period and subsequent qualifying periods. (entité de relance admissible) qualifying rent expense, in respect of a qualifying property for an eligible entity for a qualifying period, means the amount determined by the formula A is the lesser of $75,000 and the tot
Est déductible dans le calcul du revenu d’un contribuable pour l’année d’imposition dans laquelle celui-ci est décédé toute somme approuvée par le ministre qui n’excède pas la moins élevée des sommes suivantes : a) le total des paiements de REEI déterminés faits avant 2012 par un particulier visé au sous-alinéa (3)c)(iii); b) l’excédent du total des sommes incluses dans le calcul du revenu du contribuable pour une année selon les paragraphes 146.8(8.8) ou 146.3(6.6) sur le total des sommes qui ont été déduites, le cas échéant, dans le calcul de son revenu pour l’année en application des paragraphes 146.8(9.2) ou 146.3(6.3).
For a qualifying entity for a qualifying period, an overpayment on account of the qualifying entity’s liability under this Part for the taxation year in which the qualifying period ends is deemed to have arisen during the qualifying period in an amount determined by the formula A is the total of all amounts, each of which is for an eligible employee in respect of a week in the qualifying period, (a) if the qualifying period is described in any of paragraphs (a) to (c.1) of the definition qualifying period in subsection (1), equal to the greater of (A) 75% of eligible remuneration paid to the eligible employee by the qualifying entity in respect of that week, (B) $847, and (C) if the eligible employee does not deal at arm’s length with the qualifying entity in the qualifying period, nil, and (A) the amount of eligible remuneration paid to the eligible employee by the qualifying entity in respect of that week, (B) 75% of baseline remuneration in respect of the eligible employee determined for that week, and (C) $847, and (b) if the qualifying period is described in any of paragraphs (c.2) to (d) of the definition qualifying period in subsection (1), (i) if the eligible employee is not on leave with pay for that week and the qualifying period is described in paragraph (c.2) or (c.3) of the definition qualifying period in subsection (1), the greater of (A) an amount equal to (I) nil, if the revenue reduction percentage of the qualifying entity for the qualifying period is less than 30%, and (II) in any other case, the greater of the amount determined under subparagraph (a)(i) and the amount determined under subparagraph (a)(ii), and (B) the amount determined by the formula in subparagraph (ii), (ii) if the eligible employee is not on leave with pay for that week and the qualifying period is described in any of paragraphs (c.4) to (d) of the definition qualifying period in subsection (1), the amount determined by the formula E is the qualifying entity’s base percentage for the qualifying period, F is the qualifying entity’s top-up percentage for the qualifying period, and G is the least of (A) the amount of eligible remuneration paid to the eligible employee by the qualifying entity in respect of that week, (B) $1,129, and (C) if the eligible employee does not deal at arm’s length with the qualifying entity in the qualifying period, the baseline remuneration in respect of the eligible employee determined for that week, (iii) if the eligible employee is on leave with pay for that week and the qualifying period is described in paragraph (c.2) or (c.3) of the definition qualifying period in subsection (1), (I) the revenue reduction percentage of the qualifying entity for the qualifying period is greater than 0%, or (II) the top-up percentage of the qualifying entity for the qualifying period is greater than 0%, and (B) in any other case, the greater of the amount determined under subparagraph (a)(i) and the amount determined under subparagraph (a)(ii), and (iv) if the eligible employee is on leave with pay for that week and the qualifying period is described in any of paragraphs (c.4) to (d) of the definition qualifying period in subsection (1), the least of (A) the amount of eligible remuneration paid to the eligible employee by the qualifying entity in respect of that week, (B) an amount determined by regulation in respect of the qualifying entity for the qualifying period, (I) the eligible employee does not deal at arm’s length with the qualifying entity in the qualifying period, and (II) the baseline remuneration of the eligible employee for that week is nil, and (I) the revenue reduction percentage of the qualifying entity for the qualifying period is greater than 0%, or (II) the top-up percentage of the qualifying entity for the qualifying period is greater than 0%; B is the total of all amounts each of which is an amount deemed to have been remitted under subsection 153(1.02) by the qualifying entity in the qualifying period; C is the total of all amounts received by the eligible employee for each week in the qualifying period as a work-sharing benefit under the Employment Insurance Act; and (a) nil, if the qualifying period is any of the fifth qualifying period to the nineteenth qualifying period, unless (ii) the revenue reduction percentage of the qualifying entity for the qualifying period is greater than 0%, or (iii) the top-up percentage of the qualifying entity for the qualifying period is greater than 0%, (a.1) nil, if the qualifying period is after the nineteenth qualifying period, and (b) in any other case, the total of all amounts, each of which is for an eligible employee in respect of a week in the qualifying period, if the eligible employee is on leave with pay for that week and the amount is (i) an amount payable by the qualifying entity (A) as an employer’s premium under the Employment Insurance Act, or (B) as an employer’s contribution under the Canada Pension Plan or under a provincial pension plan as defined in section 3 of the Canada Pension Plan, or (ii) an amount payable by the qualifying entity as an employer’s premium under the Act respecting parental insurance, CQLR, c. A-29.011. (2.01) Despite subsection (2), no overpayment on account of a qualifying entity’s liability under this Part for the taxation year in which the qualifying period ends is deemed to have arisen with respect to a qualifying entity that is a publicly traded company or a subsidiary of such a company if, in the qualifying period, it paid taxable dividends to an individual who is a holder of common shares of the company or of the subsidiary of the company. (2.1) For a qualifying renter for a qualifying period referred to in any of paragraphs (c.5) to (d) of the definition qualifying period in subsection (1), an overpayment on account of the qualifying renter’s liability under this Part for the taxation year in which the qualifying period ends is deemed to have arisen during the qualifying period in an amount determined by the formula A is the amount determined by the formula C is the qualifying renter’s rent subsidy percentage for the qualifying period, and D is the lesser of (a) the total of all amounts, each of which is the qualifying renter’s qualifying rent expense for a qualifying property for the qualifying period, and (b) the amount determined by the formula (i) 100%, unless the qualifying renter is affiliated at any time in the qualifying period with one or more eligible entities that claims an amount under this subsection in respect of the qualifying period, (ii) a percentage assigned to the qualifying renter under an agreement, if (A) the agreement is entered into by the qualifying renter and each eligible entity that (I) is affiliated with the qualifying renter in the qualifying period, and (II) claims an amount under this subsection in respect of the qualifying period, (B) the agreement is filed in prescribed form and manner with the Minister in respect of the qualifying period by the qualifying renter and each eligible entity referred to in clause (A) with their application for the qualifying period, (C) the agreement assigns, for the purposes of this subsection, a percentage in respect of each eligible entity referred to in clause (B) for the qualifying period, and (D) the total of all the percentages assigned under the agreement does not exceed 100%, and (iii) in any other case, nil, and E.1 is (i) $300,000 for the eighth qualifying period to the twenty-first qualifying period, and (ii) $1,000,000 for the twenty-second qualifying period and subsequent qualifying periods; and B is the total of all amounts, each of which is an amount in respect of a qualifying property for the qualifying period, determined by the formula (i) nil, unless the rent subsidy percentage of the qualifying renter for the qualifying period is greater than 0%, and (ii) in any other case, the rent top-up percentage of the qualifying renter in respect of the qualifying property for the qualifying period, and G is the qualifying rent expense of the qualifying renter in respect of the qualifying property for the qualifying period. Canada recovery hiring program (2.2) For a qualifying recovery entity for a qualifying period, an overpayment on account of the qualifying entity’s liability under this Part for the taxation year in which the qualifying period ends is deemed to have arisen during the qualifying period in an amount determined by the formula is the recovery wage subsidy rate for the qualifying period; is the qualifying recovery entity’s total current period remuneration for the qualifying period; and is the qualifying recovery entity’s total base period remuneration. When assistance received
Le total des sommes qui sont déductibles en application des paragraphes (4) et (5) au titre d’un produit admissible transitoire reçu relativement au décès d’un contribuable ne peut excéder le total des produits admissibles transitoires reçus relativement à ce contribuable. [NOTE : Les dispositions applicables ne figurent pas dans le présent texte consolidé; voir les lois et règlements modificatifs applicables.] 1990, ch. 35, art. 5; 2010, ch. 25, art. 11; 2011, ch. 24, art. 12; 2012, ch. 3, art. 13; 2021, ch. 23, art. 9. Libellé de la div. 60(l)(v.B.2) pour 2008
For the purposes of this Act other than this section, and for greater certainty, an amount that an eligible entity is deemed under any of subsections (2) to (2.2) to have received as assistance received by it from a government immediately before the end of the qualifying period to which it relates.
(B.2) le total des sommes représentant chacune : (I) le montant admissible, au sens du paragraphe 146.3(6.11), du contribuable pour Meaning of eligible RRIF withdrawal amount A - B where Meaning of eligible variable benefit withdrawal amount A - B - C where l'année relativement à un fonds enregistré de revenu de retraite, (II) le montant de retrait admissible de FERR, au sens du paragraphe 60.021(2), du contribuable pour l'année relativement à un fonds enregistré de revenu de retraite, (III) le montant de retrait admissible de prestation variable, au sens du paragraphe 60.021(3), du contribuable pour l'année relativement à un compte dans le cadre d'une disposition à cotisations déterminées d'un régime de pension agréé, Sens de montant de retrait admissible de FERR
For the purposes of the definition qualifying revenue in subsection (1), the qualifying revenue of an eligible entity is to be determined in accordance with its normal accounting practices, except that (a) if a group of eligible entities normally prepares consolidated financial statements, each member of the group may determine its qualifying revenue separately, provided every member of the group determines its qualifying revenue on that basis; (b) if an eligible entity and each member of an affiliated group of eligible entities of which the eligible entity is a member jointly elect, the qualifying revenue of the group determined on a consolidated basis in accordance with relevant accounting principles is to be used for each member of the group; (c) if all of the interests in an eligible entity are owned by participants in a joint venture and all or substantially all of the qualifying revenue of the eligible entity for a qualifying period is in respect of the joint venture, then the eligible entity may use the qualifying revenues of the joint venture (determined as if the joint venture were an eligible entity) as its qualifying revenues for the qualifying period for the purposes of this section; (d) if all or substantially all of an eligible entity’s qualifying revenue — determined without reference to paragraph (d) of the definition qualifying revenue in subsection (1) — for a qualifying period is from one or more particular persons or partnerships with which it does not deal at arm’s length and each particular person or partnership jointly elects with the eligible entity, for the purposes of this section (i) the eligible entity’s qualifying revenue for the prior reference period is deemed to be $100, and (ii) the eligible entity’s qualifying revenue for the current reference period is deemed to be the total of all amounts, each of which is determined by the formula A is the eligible entity’s qualifying revenue (determined without reference to paragraph (d) of the definition qualifying revenue in subsection (1)) for the current reference period attributable to a particular person or partnership, B is the total of all amounts, each of which is the eligible entity’s qualifying revenue (determined without reference to paragraph (d) of the definition qualifying revenue in subsection (1)) for the current reference period attributable to a particular person or partnership, C is the particular person or partnership’s qualifying revenue (determined as if the definition qualifying revenue in subsection (1) were read without reference to “in Canada”) for the current reference period, and D is the particular person or partnership’s qualifying revenue (determined as if the definition qualifying revenue in subsection (1) were read without reference to “in Canada”) for the prior reference period; and (e) an eligible entity may make an election, which must apply for all qualifying periods, to determine its qualifying revenues based on (i) the cash method, within the meaning assigned by subsection 28(1) with any modifications that the circumstances require, or (ii) the accrual method, in accordance with generally accepted accounting principles. Asset sales — conditions (a) the eligible entity acquired assets (referred to in this subsection and subsection (4.2) as the “acquired assets”) of a person or partnership (referred to in this subsection and subsection (4.2) as the “seller”) during the qualifying period or at any time before that period; (b) immediately prior to the acquisition, the fair market value of the acquired assets constituted (i) all or substantially all of the fair market value of the property of the seller used in the course of carrying on business, or (ii) if the seller and the eligible entity deal with each other at arm’s length, all or substantially all of the property of the seller that can reasonably be regarded as being necessary for the eligible entity to be capable of carrying on a business of the seller, or part of a business of the seller, as a business; (c) the acquired assets were used by the seller in the course of a business carried on in Canada by the seller; (d) it is reasonable to conclude that none of the main purposes of the acquisition was to increase the amount of a deemed overpayment under subsection (2); and (e) the eligible entity elects in respect of the qualifying period and files the election in prescribed form and manner with the Minister or, if the seller is in existence during the qualifying period, the eligible entity and the seller jointly elect in respect of that period and so file with the Minister. Asset sales — application (a) the amount of the qualifying revenue of the seller for the prior reference period, or the current reference period, for the qualifying period that is reasonably attributable to the acquired assets (referred to in this subsection as the “assigned revenue”) is to be included in determining the qualifying revenue of the eligible entity for its prior reference period or current reference period, as the case may be, for the qualifying period; (b) the assigned revenue is to be subtracted from the qualifying revenue of the seller for its prior reference period or current reference period, as the case may be, for the qualifying period; (c) if a portion of the assigned revenue is from a person or partnership that did not deal at arm’s length with the seller and that person or partnership deals at arm’s length with the eligible entity throughout the current reference period, then that portion of the assigned revenue is deemed to not be derived from persons or partnerships not dealing at arm’s length for the purposes of paragraph (d) of the definition qualifying revenue in subsection (1); (d) if the seller meets any of the following conditions, the eligible entity is deemed to meet that condition: (ii) both of the conditions in subparagraph (c)(ii), or the condition in subparagraph (c)(iii), of the definition qualifying renter in subsection (1); and (e) for the purposes of subparagraph (b)(i) of the definition prior reference period in subsection (1) and the description of C in subparagraph (c)(ii) of the definition qualifying entity in subsection (1), the eligible entity is deemed to have commenced carrying on the business in which the acquired assets are used at the earlier of (i) the date on which the eligible entity commenced carrying on that business, and (ii) the date on which the seller commenced carrying on the business in which the acquired assets were used. Deemed overpayment
Le montant de retrait admissible de FERR d'un contribuable pour une année d'imposition relativement à un fonds enregistré de revenu de retraite dont le contribuable est le rentier au début de l'année correspond à la somme des sommes ci-après qui est applicable : a) sauf en cas d'application de l'alinéa b), la somme obtenue par la formule suivante : A - B où : A représente la moins élevée des sommes suivantes : (i) le total des sommes incluses, par l'effet du paragraphe 146.3(5), dans le calcul du revenu du contribuable pour l'année au titre de sommes reçues dans le cadre du fonds (à l'exception des sommes versées par transfert direct du fonds à un autre fonds ou à un régime enregistré d'épargne-retraite), (ii) la somme qui, en l'absence du paragraphe 146.3(1.1), correspondrait au minimum à retirer du fonds pour l'année, B le minimum à retirer du fonds pour l'année; b) si le contribuable a atteint 70 ans en 2007, zéro. Sens de montant de retrait admissible de prestation variable
For the purposes of this section, (a) the amount of any deemed overpayment by an eligible entity under any of subsections (2) to (2.2) in respect of a qualifying period cannot exceed the amount claimed by the eligible entity in the application referred to in paragraph (a) of the definition qualifying entity in subsection (1) — or paragraph (a) of the definition qualifying recovery entity in subsection (1) — in respect of that qualifying period; and (b) if an eligible employee is employed in a week by two or more qualifying entities that do not deal with each other at arm’s length, the total amount of the deemed overpayment under subsection (2) or (2.2) in respect of the eligible employee for that week shall not exceed the amount that would arise if the eligible employee’s eligible remuneration for that week were paid by one qualifying entity. Anti-avoidance — qualifying revenues
Le montant de retrait admissible de prestation variable d'un contribuable pour une année d'imposition relativement au compte du contribuable dans le cadre d'une disposition à cotisations déterminées d'un régime de pension agréé correspond à la somme obtenue par la formule suivante : A - B - C où : A représente la moins élevée des sommes suivantes : (i) le total des sommes incluses, par l'effet du paragraphe 146.3(5), dans le calcul du revenu du contribuable pour l'année au titre de sommes reçues dans le cadre du fonds (à l'exception des sommes versées par transfert direct du fonds à un autre fonds ou à un régime enregistré d'épargne-retraite), (ii) la somme qui, en l'absence du paragraphe 146.3(1.1), correspondrait au minimum à retirer du fonds pour l'année, B le minimum à retirer du fonds pour l'année; C le total des sommes reçues par le contribuable au cours de l'année d'imposition relativement au compte dans le cadre de la disposition à cotisations déterminées du régime de pension agréé. Additions to clause 60(l)(v)(B.2) for 2015 A représente la moins élevée des sommes suivantes : a) le total des sommes représentant chacune le montant d’une prestation de retraite, sauf celles permises en vertu des alinéas 8506(1)a) à e) du Règlement de l’impôt sur le revenu, versée sur le régime au cours de l’année relativement au compte et incluse, par l’effet de l’alinéa 56(1)a), dans le calcul du revenu du contribuable pour l’année; b) la somme qui, en l’absence de l’alinéa 8506(7)b) de ce règlement, correspondrait au minimum relatif au compte pour l’année; B le minimum relatif au compte pour l’année; C le total des cotisations versées par le contribuable aux termes de la disposition qui ont été désignées pour l’application du paragraphe 8506(10) de ce règlement. Terminologie
Notwithstanding any other provision in this section, the qualifying revenue of an eligible entity for a current reference period for a qualifying period is deemed to be equal to the qualifying revenue of the eligible entity for the relevant prior reference period, if (a) the eligible entity, or a person or partnership not dealing at arm’s length with the eligible entity, enters into a transaction or participates in an event (or a series of transactions or events) or takes an action (or fails to take an action) — other than, for greater certainty, a decision under subparagraph (a)(ii) or (b)(ii) of the definition qualifying revenue in subsection (1) or the decision to use one of the methods of computing qualifying revenues under subsection (4) — that has the effect of (i) reducing the qualifying revenues (determined without reference to this subsection) of the eligible entity for the current reference period, or (ii) increasing the qualifying rent expenses of the eligible entity for the qualifying period; and (b) it is reasonable to conclude that one of the main purposes of the transaction, event, series or action in paragraph (a) is to (i) cause an eligible entity to qualify for the deemed overpayment under subsection (2) in respect of that qualifying period, (ii) in respect of the fifth qualifying period and subsequent qualifying periods, increase the amount of a deemed overpayment under subsection (2), or Anti-avoidance — recovery wage subsidy (6.1) Notwithstanding any other provision in this section, the total current period remuneration of an eligible entity for a qualifying period is deemed to be equal to the total base period remuneration of the eligible entity, if (a) the eligible entity, or a person or partnership not dealing at arm’s length with the eligible entity, enters into a transaction or participates in an event (or a series of transactions or events) or takes an action (or fails to take an action) that has the effect of increasing the difference between the total current period remuneration and the total base period remuneration of the eligible entity for the qualifying period; and (b) it is reasonable to conclude that one of the main purposes of the transaction, event, series or action in paragraph (a) is to increase the amount of a deemed overpayment under subsection (2.2). Partnerships
Pour l’application du présent article : a) le terme « disposition à cotisations déterminées » s’entend au sens du paragraphe 147.1(1); b) le terme « prestation de retraite » s’entend au sens du paragraphe 8500(1) du Règlement de l’impôt sur le revenu; c) le minimum relatif au compte d’un contribuable dans le cadre de la disposition à cotisations déterminées d’un régime de pension agréé correspond à la somme déterminée conformément au paragraphe 8506(5) de ce règlement. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir lois et règlements modificatifs appropriés.] 2009, ch. 2, art. 15. Libellé de la div. 60(l)(v)(B.2) pour 2015
A partnership is deemed (b) for the purposes of subsections (2) to (2.2), to have a liability under this Part for a taxation year in which a qualifying period ends.
(B.2) le total des sommes représentant chacune : (I) le montant admissible, au sens du paragraphe 146.3(6.11), du contribuable pour l’année relativement à un fonds enregistré de revenu de retraite, (II) le montant de retrait admissible de FERR, au sens du paragraphe 60.022(2), du contribuable pour l’année relativement à un FERR, A - B where A - B - C where Income Tax PART I Income Tax DIVISION B Computation of Income
The following may be prescribed for the purposes of: (a) the definition base percentage in subsection (1), (b) the definition rent subsidy percentage in subsection (1), the factors and percentages in paragraphs (a) and (a.1) of that definition. (b.1) the definition recovery wage subsidy rate in subsection (1), the percentages in that definition; and (c) the definition qualifying rent expense in subsection (1), specific, or classes of, expenses that are included or excluded as qualifying rent expenses under paragraph (a) or (b) of that definition.
A – B where Impôt sur le revenu
If, absent the application of this subsection, (a) an eligible entity meets the conditions in paragraph (c) of the definition qualifying entity in subsection (1) in respect of a particular qualifying period described in any of paragraphs (a) to (c) of the definition qualifying period in subsection (1), then the eligible entity is deemed to meet the conditions of that paragraph in respect of the immediately following qualifying period; or (b) a lower revenue reduction percentage is determined in respect of an eligible entity for a particular qualifying period described in any of paragraphs (c.2) to (c.7) of the definition qualifying period in subsection (1) than for the immediately preceding qualifying period, then the revenue reduction percentage in respect of the eligible entity for the particular qualifying period is deemed to be equal to its revenue reduction percentage for the immediately preceding qualifying period. (9.1) For the purposes of paragraph (9)(b), if the particular qualifying period is the eleventh qualifying period, then the immediately preceding qualifying period is deemed to be the ninth qualifying period. Greater of wage and recovery subsidies (a) if the amount of any deemed overpayment under subsection (2) is equal to or greater than the amount of any deemed overpayment under subsection (2.2), the amount of any deemed overpayment under subsection (2.2) is deemed to be nil; and (b) if the amount of any deemed overpayment under subsection (2.2) is greater than the amount of any deemed overpayment under subsection (2), the amount of any deemed overpayment under subsection (2) is deemed to be nil. Amending or revoking elections
An eligible entity may amend or revoke an election made under this section on or before the date that the application is due for the first qualifying period in respect of which the election is made. Affiliated entities
For the purposes of the description of E in subsection (2.1), if two eligible entities are affiliated with the same eligible entity, they are deemed to be affiliated with each other. Deeming rule — qualifying rent expense
For the purposes of the definition qualifying rent expense in subsection (1), an amount is deemed to have been paid by an eligible entity on the date it first became due under an agreement, and not at a later date, if the individual referred to in paragraph (b) of the definition qualifying renter in subsection (1) attests that the entity intends to pay the amount due under the agreement no later than 60 days after the day on which the Minister makes the first refund under subsection 164(1.6) in respect of the amount deemed to have been paid (referred to in subsection (13) as the “payment deadline”). Deeming rule — qualifying rent expense
régime au cours de l’année relativement au compte et incluse, par l’effet de l’alinéa 56(1)a), dans le calcul du revenu du contribuable pour l’année, b) la somme qui serait le minimum relatif au compte pour l’année 2015 si ce minimum était déterminé en utilisant le facteur désigné au paragraphe 7308(4) du Règlement de l’impôt sur le revenu dans sa version applicable au 31 décembre 2014; B le minimum relatif au compte pour l’année; C le total des cotisations versées par le contribuable aux termes de la disposition qui ont été désignées pour l’application du paragraphe 8506(12) du Règlement de l’impôt sur le revenu. Montant de retrait admissible de RPAC
Subsection (12) is deemed not to have produced its effect if the amount due referred to in subsection (12) is not actually paid on or before the payment deadline. Executive compensation
Le montant de retrait admissible de RPAC d’un contribuable pour une année d’imposition relativement au compte du contribuable dans le cadre d’un RPAC correspond à la somme obtenue par la formule suivante : A – B où : A représente le moins élevé des sommes suivantes : a) le total des sommes représentant chacune le montant d’une distribution effectuée sur le compte au cours de l’année et incluse, par l’effet du paragraphe 147.5(13), dans le calcul du revenu du contribuable pour l’année, b) la somme qui serait le minimum relatif au compte pour l’année 2015 si ce minimum était déterminé en utilisant le facteur désigné au paragraphe 7308(4) du Règlement de l’impôt sur le revenu dans sa version applicable au 31 décembre 2014; B le minimum relatif au compte pour l’année. Terminologie
The amount of a refund made by the Minister to an eligible entity in respect of a deemed overpayment under subsection (2) on a particular date under subsection 164(1.6), in respect of any of the seventeenth qualifying period to the twenty-third qualifying period, is deemed to be an amount that has been refunded to the eligible entity on that particular date (for the taxation year in which the refund was made) in excess of the amount to which the eligible entity was entitled as a refund under this Act to the extent of the lesser of the amount of the refund and the amount determined by the formula A is the executive compensation repayment amount of the eligible entity; and B is the total of all amounts deemed to be an excess refund to the eligible entity under this subsection in respect of refunds made after the particular date. Executive compensation (14.1) The amount of a refund made by the Minister to an eligible entity in respect of a deemed overpayment under subsection (2) on a particular date under subsection 164(1.6), in respect of any of the twenty-fourth qualifying period and any subsequent qualifying period, is deemed to be an amount that has been refunded to the eligible entity on that particular date (for the taxation year in which the refund was made) in excess of the amount to which the eligible entity was entitled as a refund under this Act to the extent of the lesser of the amount of the refund and the amount determined by the formula A is the greater of (a) the executive compensation repayment amount of the eligible entity, and (b) with respect to a qualifying entity that is a publicly traded company or a subsidiary of such a company, the amount of taxable dividends paid by the company or its subsidiary to an individual who is a holder of common shares of the company or of the subsidiary of the company; and B is the total of all amounts deemed to be an excess refund to the eligible entity under this subsection in respect of refunds made after the particular date.
Pour l’application du présent article : a) l’expression disposition à cotisations déterminées s’entend au sens du paragraphe 147.1(1); b) l’expression prestations de retraite s’entend au sens du paragraphe 8500(1) du Règlement de l’impôt sur le revenu; c) le minimum relatif au compte d’un contribuable dans le cadre de la disposition à cotisations déterminées d’un régime de pension agréé correspond à la Definitions (ii) somme déterminée selon le paragraphe 8506(5) du Règlement de l’impôt sur le revenu; d) le minimum relatif au compte d’un contribuable dans le cadre d’un RPAC correspond à la somme qui serait le minimum pour l’année civile déterminé selon le paragraphe 8506(5) du Règlement de l’impôt sur le revenu si le compte du contribuable était un compte dans le cadre de la disposition à cotisations déterminées d’un régime de pension agréé. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et les règlements modificatifs appropriés.]; 2015, ch. 36, art. 2. Définitions
For the purposes of paragraphs 261(2)(b) and (5)(c), amounts referred to in the definition executive remuneration in subsection (1) are deemed to arise on the last day of the eligible entity’s fiscal period to which the amount relates and not at any other time. Extension of time by Minister
cessionnaire Est un cessionnaire pour une année d’imposition le particulier qui, à la fois : a) réside au Canada à celui des moments suivants qui est applicable : (i) s’il décède dans l’année d’imposition, le moment immédiatement avant son décès, (ii) dans les autres cas, en la fin de l’année civile dans laquelle l’année d’imposition prend fin; b) au cours de l’année d’imposition, est l’époux ou le conjoint de fait d’un pensionné et ne vit pas séparé de lui, à la fin de l’année d’imposition et pendant toute la période de 90 jours ayant commencé dans l’année, pour cause d’échec de leur mariage ou union de fait. (pension transferee) choix conjoint En ce qui concerne un pensionné et un cessionnaire pour une année d’imposition, choix qu’ils font conjointement sur le formulaire prescrit et qu’ils présentent au ministre, avec leurs déclarations de revenu pour l’année d’imposition visée par le choix, ou, au plus tard à la date d’échéance de production qui leur est applicable respectivement pour l’année. (joint election) montant de pension fractionné Est un montant de pension fractionné pour une année d’imposition la somme choisie par un pensionné et un cessionnaire dans un choix conjoint visant l’année, n’excédant pas la somme obtenue par la formule suivante : 0,5A × B/C où : A représente le revenu de pension déterminé du pensionné pour l’année; B le nombre de mois de l’année d’imposition du pensionné au cours desquels il était l’époux ou le conjoint de fait du cessionnaire; C le nombre de mois de l’année d’imposition du pensionné. (split-pension amount) pensionné Est un pensionné pour une année d’imposition le particulier qui, à la fois : a) reçoit un revenu de pension déterminé au cours de l’année d’imposition; b) réside au Canada à celui des moments suivants qui est applicable : (i) s’il décède dans l’année d’imposition, le moment immédiatement avant son décès, (ii) dans les autres cas, la fin de l’année civile dans laquelle l’année d’imposition prend fin. (pensioner) revenu de pension S’entend au sens de l’article 118. (pension income) revenu de pension admissible S’entend au sens de l’article 118. (qualified pension income) revenu de pension déterminé S’entend, à l’égard d’un particulier pour une année d’imposition, du total des sommes suivantes : a) son revenu de pension déterminé, au sens du paragraphe 118(7), pour l’année; b) s’il a atteint 65 ans avant la fin de l’année, la moins élevée des sommes suivantes : (i) le total des sommes représentant chacune un paiement qui lui est fait au cours de l’année, à la fois : (A) dans le cadre d’une convention de retraite qui prévoit des prestations qui complètent celles prévues au régime de pension agréé, sauf un régime de retraite individuel pour l’application de la partie LXXXIII du Règlement de l’impôt sur le revenu, (B) relativement à une rente viagère qui est attribuable à des périodes d’emploi pour lesquelles des prestations lui sont également assurées en vertu du régime de pension agréé, (ii) l’excédent du résultat de la multiplication de 35 par le plafond des prestations déterminées, au sens
For the purposes of determining whether an eligible entity is a qualifying entity, a qualifying recovery entity or a qualifying renter, the Minister may, at any time, extend the time for filing an application under this section. Foreign tax deduction
where C is the number of months in the pensioner’s taxation year. (montant de pension fractionné) Effect of pension income split du paragraphe 8500(1) du Règlement de l’impôt sur le revenu, pour l’année sur la somme visée à l’alinéa a); c) la moins élevée des sommes suivantes : (ii) le total des sommes qu’il reçoit au cours de l’année au titre : (A) soit d’une allocation de sécurité du revenu de retraite qui lui est à verser en vertu de la partie 2 de la Loi sur le bien-être des vétérans, (B) soit d’une prestation de remplacement du revenu qui lui est à verser en vertu de la partie 2 de la Loi sur le bien-être des vétérans et dont le montant est déterminé en vertu du paragraphe 19.1(1), de l’alinéa 23(1)b) ou du paragraphe 26.1(1) de cette loi, tel que ce montant est modifié, le cas échéant, en vertu de la partie 5 de cette loi, (iii) l’excédent du résultat de la multiplication des montants de la période des prestations déterminées, au sens du paragraphe 8500(1) du Règlement de l’impôt sur le revenu, pour l’année sur le total des sommes visées aux alinéas a) et b). (eligible pension income) Effet du fractionnement
(a) such part of any non-business-income tax paid by the taxpayer for the year to the government of a country other than Canada (except, where the taxpayer is a corporation, any such tax or part thereof that may reasonably be regarded as having been paid by the taxpayer in respect of income from a share of the capital stock of a foreign affiliate of the taxpayer) as the taxpayer may claim, not exceeding, however, (b) that proportion of the tax for the year otherwise payable under this Part by the taxpayer that (i) the amount, if any, by which the total of the taxpayer’s qualifying incomes exceeds the total of the taxpayer’s qualifying losses (A) for the year, if the taxpayer is resident in Canada throughout the year, and (B) for the part of the year throughout which the taxpayer is resident in Canada, if the taxpayer is non-resident at any time in the year, from sources in that country, on the assumption that (C) no businesses were carried on by the taxpayer in that country, (D) where the taxpayer is a corporation, it had no income from shares of the capital stock of a foreign affiliate of the taxpayer, and (E) where the taxpayer is an individual, (I) no amount was deducted under subsection 91(5) in computing the taxpayer’s income for the year, and (II) if the taxpayer deducted an amount under subsection 122.3(1) from the taxpayer’s tax otherwise payable under this Part for the year, the taxpayer’s income from employment in that country was not from a source in that country to the extent of the lesser of the amounts determined in respect thereof under paragraphs 122.3(1)(c) and 122.3(1)(d) for the year, is of (A) the amount, if any, by which, (I) if the taxpayer was resident in Canada throughout the year, the taxpayer’s income for the year computed without reference to paragraph 20(1)(ww), and (II) if the taxpayer was non-resident at any time in the year, the amount determined under paragraph 114(a) in respect of the taxpayer for the year (III) the total of all amounts each of which is an amount deducted under section 110.6 or paragraph 111(1)(b), or deductible under any of paragraphs 110(1)(d) to (g) and sections 112 and 113, in computing the taxpayer’s taxable income for the year, and (B) the amount, if any, added under section 110.5 in computing the taxpayer’s taxable income for the year. (1.1) In applying subsections 20(12) and (12.1) and this section in respect of an authorized foreign bank, (a) the bank is deemed, for the purposes of subsections (1), (4) to (5), (6) and (7), to be resident in Canada in respect of its Canadian banking business; (b) the references in subsection 20(12) and paragraph (1)(a) to “country other than Canada” shall be read as a reference to “country that is neither Canada nor a country in which the taxpayer is resident at any time in the taxation year”; (c) the reference in subparagraph (1)(b)(i) to “from sources in that country” shall be read as a reference to “in respect of its Canadian banking business from sources in that country”; (A) the taxpayer’s taxable income earned in Canada for the year, and (B) the total of the taxpayer’s income for the year from its Canadian banking business and the amount determined in respect of the taxpayer under subparagraph 115(1)(a)(vii) for the year;”; (e) in computing the non-business-income tax paid by the bank for a taxation year to the government of a country other than Canada, there shall be included only taxes that relate to amounts that are included in computing the bank’s taxable income earned in Canada from its Canadian banking business; and (f) the definition tax-exempt income in subsection (7) shall be read as follows: “tax-exempt income means income of a taxpayer from a source in a particular country in respect of which (a) the taxpayer is, because of a comprehensive agreement or convention for the elimination of double taxation on income, which has the force of law in the particular country, to which the agreement or convention applies, and (b) no income or profits tax to which the agreement or convention does not apply is imposed in the particular country;”.
Pour l’application du paragraphe 118(3), les règles ci-après s’appliquent dans le cas où un pensionné et un cessionnaire font un choix conjoint pour une année d’imposition : a) le pensionné est réputé ne pas avoir reçu la partie de son revenu de pension, revenu de pension admissible ou une somme prévue au sous-alinéa c)(ii) de la définition de revenu de pension déterminé au paragraphe (1), selon le cas, pour l’année qui correspond au montant de pension fractionné pour l’année; b) le cessionnaire est réputé avoir reçu le montant de pension fractionné : (i) à titre de revenu de pension, dans la mesure où le montant de pension fractionné était un revenu de pension pour le pensionné, (ii) à titre de revenu de pension admissible, dans la mesure où le montant de pension fractionné était un revenu de pension admissible pour le pensionné, (iii) à titre de somme prévue au sous-alinéa c)(ii) de la définition de revenu de pension déterminé au Limitation False declaration NOTE: Applications provisions are not included in the consolidated text; see relevant amending Acts and regulations: 2007, c. 29, s. 8; 2012, c. 31, s. 14; 2017, c. 33, s. 16; 2018, c. 12, s. 4; 2023, c. 26, s. 12. A - B where
Where a taxpayer who was resident in Canada at any time in a taxation year carried on business in the year in a country other than Canada, the taxpayer may deduct from the tax for the year otherwise payable under this Part by the taxpayer an amount not exceeding the least of (a) such part of the total of the business-income tax paid by the taxpayer for the year in respect of businesses carried on by the taxpayer in that country and the taxpayer’s unused foreign tax credits in respect of that country for the 10 taxation years immediately preceding and the 3 taxation years immediately following the year as the taxpayer may claim, (b) the amount determined under subsection 126(2.1) for the year in respect of businesses carried on by the taxpayer in that country, and (c) the amount by which (i) the tax for the year otherwise payable under this Part by the taxpayer (ii) the amount or the total of amounts, as the case may be, deducted under subsection 126(1) by the taxpayer from the tax for the year otherwise payable under this Part. (2.1) For the purposes of paragraph 126(2)(b), the amount determined under this subsection for a year in respect of businesses carried on by a taxpayer in a country other than Canada is the total of (a) that proportion of the tax for the year otherwise payable under this Part by the taxpayer that (i) the amount, if any, by which the total of the taxpayer’s qualifying incomes exceeds the total of the taxpayer’s qualifying losses (A) for the year, if the taxpayer is resident in Canada throughout the year, and (B) for the part of the year throughout which the taxpayer is resident in Canada, if the taxpayer is non-resident at any time in the year, from businesses carried on by the taxpayer in that country is of (A) the amount, if any, by which (I) if the taxpayer is resident in Canada throughout the year, the taxpayer’s income for the year computed without reference to paragraph 20(1)(ww), and (II) if the taxpayer is non-resident at any time in the year, the amount determined under paragraph 114(a) in respect of the taxpayer for the year (III) the total of all amounts each of which is an amount deducted under section 110.6 or paragraph 111(1)(b), or deductible under any of paragraphs 110(1)(d) to (g) and sections 112 and 113, in computing the taxpayer’s taxable income for the year, and (B) the amount, if any, added under section 110.5 in computing the taxpayer’s taxable income for the year, and (b) that proportion of the amount, if any, added under subsection 120(1) to the tax for the year otherwise payable under this Part by the taxpayer that (i) the amount determined under subparagraph (a)(i) in respect of the country is of (ii) the amount, if any, by which, (A) where section 114 does not apply to the taxpayer in respect of the year, the taxpayer’s income for the year, and (B) where section 114 applies to the taxpayer in respect of the year, the total of the taxpayer’s income for the period or periods referred to in paragraph 114(a) and the amount that would be determined under paragraph 114(b) in respect of the taxpayer for the year if subsection 115(1) were read without reference to paragraphs 115(1)(d) to 115(1)(f) (C) the taxpayer’s income earned in the year in a province (within the meaning assigned by subsection 120(4)). Non-resident’s foreign tax deduction (2.2) If at any time in a taxation year a taxpayer who is not at that time resident in Canada disposes of a property that was deemed by subsection 48(2), as it read in its application before 1993, or by paragraph 128.1(4)(e), as it read in its application before October 2, 1996, to be taxable Canadian property of the taxpayer, the taxpayer may deduct from the tax for the year otherwise payable under this Part by the taxpayer an amount equal to the lesser of (a) the amount of any non-business-income tax paid by the taxpayer for the year to the government of a country other than Canada that can reasonably be regarded as having been paid by the taxpayer in respect of any gain or profit from the disposition of the property, and (b) that proportion of the tax for the year otherwise payable under this Part by the taxpayer that (i) the taxable capital gain from the disposition of that property is of (ii) if the taxpayer is non-resident throughout the year, the taxpayer’s taxable income earned in Canada for the year determined without reference to paragraphs 115(1)(d) to (f), and (iii) if the taxpayer is resident in Canada at any time in the year, the amount that would have been the taxpayer’s taxable income earned in Canada for the year if the part of the year throughout which the taxpayer was non-resident were the whole taxation year. Former resident — deduction (2.21) If at any particular time in a particular taxation year a non-resident individual disposes of a property that the individual last acquired because of the application, at any time (in this subsection referred to as the “acquisition time”) after October 1, 1996, of paragraph 128.1(4)(c), there may be deducted from the individual’s tax otherwise payable under this Part for the year (in this subsection referred to as the “emigration year”) that includes the time immediately before the acquisition time an amount not exceeding the lesser of (a) the total of all amounts each of which is the amount of any business-income tax or non-business-income tax paid by the individual for the particular year (i) where the property is real or immovable property situated in a country other than Canada, (A) to the government of that country, or (B) to the government of a country with which Canada has a tax treaty at the particular time and in which the individual is resident at the particular time, or (ii) where the property is not real or immovable property, to the government of a country with which Canada has a tax treaty at the particular time and in which the individual is resident at the particular time, that can reasonably be regarded as having been paid in respect of that portion of any gain or profit from the disposition of the property that accrued while the individual was resident in Canada and before the time the individual last ceased to be resident in Canada, and (b) the amount, if any, by which (i) the amount of tax under this Part that was, after taking into account the application of this subsection in respect of dispositions that occurred before the particular time, otherwise payable by the individual for the emigration year (ii) the amount of such tax that would have been payable if the property had not been deemed by subsection 128.1(4) to have been disposed of in the emigration year. Former resident — trust beneficiary (2.22) If at any particular time in a particular taxation year a non-resident individual disposes of a property that the individual last acquired at any time (in this subsection referred to as the “acquisition time”) on a distribution after October 1, 1996 to which paragraphs 107(2)(a) to (c) do not apply only because of subsection 107(5), the trust may deduct from its tax otherwise payable under this Part for the year (in this subsection referred to as the “distribution year”) that includes the acquisition time an amount not exceeding the lesser of (a) the total of all amounts each of which is the amount of any business-income tax or non-business-income tax paid by the individual for the particular year (i) where the property is real or immovable property situated in a country other than Canada, (A) to the government of that country, or (B) to the government of a country with which Canada has a tax treaty at the particular time and in which the individual is resident at the particular time, or (ii) where the property is not real or immovable property, to the government of a country with which Canada has a tax treaty at the particular time and in which the individual is resident at the particular time, that can reasonably be regarded as having been paid in respect of that portion of any gain or profit from the disposition of the property that accrued before the distribution and after the latest of the times, before the distribution, at which (iii) the trust became resident in Canada, (iv) the individual became a beneficiary under the trust, or (v) the trust acquired the property, and (b) the amount, if any, by which (i) the amount of tax under this Part that was, after taking into account the application of this subsection in respect of dispositions that occurred before the particular time, otherwise payable by the trust for the distribution year (ii) the amount of such tax that would have been payable by the trust for the distribution year if the property had not been distributed to the individual. Where foreign credit available (2.23) For the purposes of subsections (2.21) and (2.22), in computing, in respect of the disposition of a property by an individual in a taxation year, the total amount of taxes paid by the individual for the year to one or more governments of countries other than Canada, there shall be deducted any tax credit (or other reduction in the amount of tax) to which the individual was entitled for the year, under the law of any of those countries or under a tax treaty between Canada and any of those countries, because of taxes paid or payable by the individual under this Act in respect of the disposition or a previous disposition of the property. Rules relating to unused foreign tax credit (2.3) For the purposes of this section, (a) the amount claimed under paragraph 126(2)(a) by a taxpayer for a taxation year in respect of a country shall be deemed to be in respect of the business-income tax paid by the taxpayer for the year in respect of businesses carried on by the taxpayer in that country to the extent of the amount of that tax, and the remainder, if any, of the amount so claimed shall be deemed to be in respect of the taxpayer’s unused foreign tax credits (b) no amount may be deducted under paragraph 126(2)(a) in computing the tax payable under this Part for a taxation year in respect of a country in excess of the taxpayer’s unused foreign tax credits for the year in respect of that country. in respect of that country that may be claimed for the taxation year; (b) no amount may be claimed under paragraph (2)(a) in computing a taxpayer’s tax payable under this Part for a particular taxation year in respect of the taxpayer’s unused foreign tax credit in respect of a country for a taxation year until the taxpayer’s unused foreign tax credits in respect of that country for taxation years preceding the taxation year that may be claimed for the particular taxation year have been claimed; and (c) an amount in respect of a taxpayer’s unused foreign tax credit in respect of a country for a taxation year may be claimed under paragraph (2)(a) in computing the taxpayer’s tax payable under this Part for a particular taxation year only to the extent that it exceeds the aggregate of all amounts each of which is the amount that may reasonably be considered to have been claimed in respect of that unused foreign tax credit in computing the taxpayer’s tax payable under this Part for a taxation year preceding the particular taxation year. Employees of international organizations
Where an individual is resident in Canada at any time in a taxation year, there may be deducted from the individual’s tax for the year otherwise payable under this Part an amount equal to that proportion of the tax for the year otherwise payable under this Part by the individual that (i) for the year, if the individual is resident in Canada throughout the year, and (ii) for the part of the year throughout which the individual was resident in Canada, if the individual is non-resident at any time in the year, from employment with an international organization (other than a prescribed international organization), as defined for the purposes of section 2 of the Foreign Missions and International Organizations Act is of (b) the amount, if any, by which (i) if the taxpayer is resident in Canada throughout the year, the taxpayer’s income for the year computed without reference to paragraph 20(1)(ww), and (ii) if the taxpayer is non-resident at any time in the year, the amount determined under paragraph 114(a) in respect of the taxpayer for the year (iii) the total of all amounts each of which is an amount deducted under section 110.6 or paragraph 111(1)(b), or deductible under any of paragraphs 110(1)(d) to (d.3), (f) and (g), in computing the taxpayer’s taxable income for the year, except that the amount deductible under this subsection in computing the individual’s tax payable under this Part for the year may not exceed that proportion of the total of all amounts each of which is an amount paid by the individual to the organization as a tax (or the proceeds of which are used to defray expenses of the organization), computed by reference to the remuneration received by the individual in the year from the organization in a manner similar to the manner in which income tax is computed, that (c) the individual’s income for the year from employment with the organization is (d) the amount that would be the individual’s income for the year from employment with the organization if this Act were read without reference to paragraph 81(1)(a). Portion of foreign tax not included
Le pensionné ne peut produire plus d’un choix conjoint pour une année d’imposition. Fausse déclaration
For the purposes of this Act, an income or profits tax paid by a person resident in Canada to the government of a country other than Canada does not include a tax, or that portion of a tax, imposed by that government that would not be imposed if the person were not entitled under section 113 or this section to a deduction in respect of the tax or that portion of the tax. (4.1) If a taxpayer acquires a property, other than a capital property, at any time after February 23, 1998 and it is reasonable to expect at that time that the taxpayer will not realize an economic profit in respect of the property for the period that begins at that time and ends when the taxpayer next disposes of the property, the total amount of all income or profits taxes (referred to as the “relevant tax” for the purpose of subsection 20(12.1)) in respect of the property for the period, and in respect of related transactions, paid by the taxpayer in any year to the government of any country other than Canada, is not included in computing the taxpayer’s business-income tax or non-business-income tax for any taxation year. Denial of foreign tax credit (4.11) If a taxpayer is a member of a partnership, any income or profits tax paid to the government of a particular country other than Canada — in respect of the income of the partnership for a period during which the taxpayer’s direct or indirect share of the income of the partnership under the income tax laws (referred to in subsection (4.12) as the “relevant foreign tax law”) of any country other than Canada under the laws of which any income of the partnership is subject to income taxation, is less than the taxpayer’s direct or indirect share of the income for the purposes of this Act — is not included in computing the taxpayer’s business-income tax or non-business-income tax for any taxation year. (4.12) For the purposes of subsection (4.11), a taxpayer is not to be considered to have a lesser direct or indirect share of the income of a partnership under the relevant foreign tax law than for the purposes of this Act solely because of one or more of the following: (a) a difference between the relevant foreign tax law and this Act in the manner of (i) computing the income of the partnership, or (ii) allocating the income of the partnership because of the admission to, or withdrawal from, the partnership of any of its members; (b) the treatment of the partnership as a corporation under the relevant foreign tax law; or (c) the fact that the taxpayer is not treated as a corporation under the relevant foreign tax law. (4.13) For the purposes of subsections (4.11) and (4.12), if a taxpayer is (or is deemed by this subsection to be) a member of a particular partnership that is a member of another partnership, the taxpayer is deemed to be a member of the other partnership. Short-term securities acquisitions (4.2) If at any particular time a taxpayer disposes of a property that is a share or debt obligation and the period that began at the time the taxpayer last acquired the property and ended at the particular time is one year or less, the amount included in business-income tax or non-business-income tax paid by the taxpayer for a particular taxation year on account of all taxes (referred to in this subsection and subsections (4.3) and 161(6.1) as the "foreign tax") that are (a) paid by the taxpayer in respect of dividends or interest in respect of the period that are included in computing the taxpayer's income from the property for any taxation year, (b) otherwise included in business-income tax or non-business-income tax for any taxation year, and (c) similar to the tax levied under Part XIII shall, subject to subsection (4.3), not exceed the amount determined by the formula (a) if the foreign tax would otherwise be included in business-income tax, the total of (i) that proportion of 26.5% that the number of days in the taxation year that are in 2011 is of the number of days in the taxation year, and (ii) that proportion of 25% that the number of days in the taxation year that are after 2011 is of the number of days in the taxation year, (b) if the foreign tax would otherwise be included in non-business-income tax, the total of (i) if the taxpayer is a corporation that is a Canadian-controlled private corporation throughout the taxation year, that proportion of 28% that the number of days in the taxation year that are after 2010 is of the number of days in the taxation year, and (ii) if the taxpayer is not a Canadian-controlled private corporation throughout the taxation year, the total of (A) that proportion of 16.5% that the number of days in the taxation year that are in 2011 is of the number of days in the taxation year, and (B) that proportion of 15% that the number of days in the taxation year that are after 2011 is of the number of days in the taxation year, B is the total of the taxpayer's proceeds from the disposition of the property at the particular time and the amount of all dividends or interest from the property in respect of the period included in computing the taxpayer's income for any taxation year, is the total of the cost at which the taxpayer last acquired the property and any outlays or expenses made or incurred by the taxpayer for the purpose of disposing of the property at the particular time, is the amount of foreign tax that would otherwise be included in computing the taxpayer’s business-income tax or non-business-income tax for the particular year, and is the total amount of foreign tax that would otherwise be included in computing the taxpayer’s business-income tax or non-business-income tax for all taxation years. (4.3) Subsection (4.2) does not apply to a property of a taxpayer (a) that is a capital property; (b) that is a debt obligation issued to the taxpayer that has a term of one year or less and that is held by no one other than the taxpayer at any time; (c) that was last acquired by the taxpayer before February 24, 1998; or (d) in respect of which any foreign tax is, because of subsection (4.1), not included in computing the taxpayer’s business-income tax or non-business-income tax. (4.4) For the purposes of subsections (4.1) and (4.2) and the definition economic profit in subsection (7), (a) a disposition or acquisition of property deemed to be made by subsection 10(12) or (13) or 45(1), section 70, 128.1 or 132.2, subsections 138(11.3), 138.2(4) or 142.5(2), paragraph 142.6(1)(b) or subsections
Le choix conjoint est invalide si le ministre établit que le pensionné ou le cessionnaire ont, sciemment ou dans des circonstances équivalant à faute lourde, fait un faux énoncé dans le choix. NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés : 2007, ch. 29, art. 8; 2012, ch. 31, art. 14; 2017, ch. 33, art. 16; 2018, ch. 12, art. 4; 2023, ch. 26, art. 12. Pension alimentaire
(i) to which section 51.1 applies, of a convertible obligation in exchange for a new obligation, (ii) to which subsection 86(1) applies, of old shares in exchange for new shares, or (iii) to which subsections 87(4) and (8) apply, of old shares in exchange for new shares, is not a disposition, and the convertible obligation and the new obligation, or the old shares and the new shares, as the case may be, are deemed to be the same property. (4.5) If a synthetic disposition arrangement is entered into in respect of a property owned by a taxpayer and the synthetic disposition period of the arrangement is 30 days or more, (a) for the purpose of determining whether the period referred to in subsection (4.2) is one year or less, the period is deemed to begin at the earlier of (i) the time that is immediately before the particular time referred to in subsection (4.2), and (b) for the purposes of subsection (4.6), the taxpayer is deemed not to own the property during the synthetic disposition period. (4.6) Subsection (4.5) does not apply in respect of a property owned by a taxpayer in respect of a synthetic disposition arrangement if the taxpayer owned the property throughout the one-year period (determined without reference to this subsection) that ended immediately before the synthetic disposition period of the arrangement. Foreign oil and gas levies
a) une fois payable, être payable à la personne et à recevoir par elle; b) une fois payé, avoir été payé à la personne et reçu par elle. Entente
A taxpayer who is resident in Canada throughout a taxation year and carries on a foreign oil and gas business in a taxing country in the year is deemed for the purposes of this section to have paid in the year as an income or profits tax to the government of the taxing country an amount equal to the lesser of (a) the amount, if any, by which (i) the amount obtained by multiplying the taxpayer’s income from the business in the taxing country for the year by the total of (A) that proportion of 26.5% that the number of days in the taxation year that are in 2011 is of the number of days in the taxation year, and (B) that proportion of 25% that the number of days in the taxation year that are after 2011 is of the number of days in the taxation year (ii) the total of all amounts that would, but for this subsection, be income or profits taxes paid in the year in respect of the business to the government of the taxing country, and (b) the taxpayer’s production tax amount for the business in the taxing country for the year. (5.1) Where in a taxation year an individual has claimed a deduction under section 110.6 in computing the individual’s taxable income for the year, for the purposes of this section the individual shall be deemed to have claimed the deduction under section 110.6 in respect of such taxable capital gains or portion thereof as the individual may specify in the individual’s return of income required to be filed pursuant to section 150 for the year or, where the individual has failed to so specify, in respect of such taxable capital gains as the Minister may specify in respect of the taxpayer for the year.
Pour l’application de l’article 60, du présent article et du paragraphe 118(5), le résultat du calcul suivant : A - B où : A représente le total des montants représentant chacun un montant (sauf celui qui constitue par ailleurs une pension alimentaire) qui est devenu payable par un contribuable au cours d’une année d’imposition, aux termes de l’ordonnance d’un tribunal compétent ou d’un accord écrit, au titre d’une dépense (sauf la dépense relative à un établissement domestique autonome que le contribuable habite ou une dépense pour l’acquisition de biens tangibles ou, pour l’application du droit civil, de biens corporels n’étant pas une dépense au titre de frais médicaux ou d’éducation ou une dépense en vue de l’acquisition, de l’amélioration ou de l’entretien d’un établissement domestique autonome que la personne visée aux alinéas a) ou b) habite) engagée au cours de l’année ou de l’année and exceeds Prior payments d’imposition précédente pour subvenir aux besoins d’une personne, d’enfants confiés à sa garde ou à la fois de la personne et de ces enfants, dans le cas où la personne est : a) l’époux ou le conjoint de fait ou l’ex-époux ou l’ancien conjoint de fait du contribuable, b) si le montant est devenu payable en vertu de l’ordonnance d’un tribunal compétent rendue en conformité avec les lois d’une province, un particulier qui est le parent, père ou mère, d’un enfant dont le contribuable est légalement l’autre parent; B l’excédent éventuel du total visé à l’alinéa a) sur le total visé à l’alinéa b): a) le total des montants représentant chacun un montant inclus dans le total calculé selon l’élément A relativement à l’acquisition ou à l’amélioration d’un établissement domestique autonome dans lequel cette personne habite, y compris un paiement de principal ou d’intérêts sur un emprunt ou une dette contracté en vue de financer, de quelque manière que ce soit, l’acquisition ou l’amélioration; b) le total des montants correspondant chacun à un montant égal au cinquième du montant du principal initial d’un emprunt ou d’une dette visés à l’alinéa a), est réputé, lorsque l’ordonnance ou l’accord écrit prévoit que le présent paragraphe et le paragraphe 56.1(2) s’appliquent à un montant payé ou payable à leur titre, être un montant payable par le contribuable à cette personne et à recevoir par celle-ci à titre d’allocation périodique, que cette personne peut utiliser à sa discrétion. Paiements antérieurs
For the purposes of this section, (a) the government of a country other than Canada includes the government of a state, province or other political subdivision of that country; (b) where a taxpayer’s income for a taxation year is in whole or in part from sources in more than one country other than Canada, subsections (1) and (2) shall be read as providing for separate deductions in respect of each of the countries other than Canada; (c) if any income from a source in a particular country would be tax-exempt income but for the fact that a portion of the income is subject to an income or profits tax imposed by the government of a country other than Canada, the portion is deemed to be income from a separate source in the particular country; and (d) if, in computing a taxpayer’s income for a taxation year from a business carried on by the taxpayer in Canada, an amount is included in respect of interest paid or payable to the taxpayer by a person resident in a country other than Canada, and the taxpayer has paid to the government of that other country a non-business-income tax for the year with respect to the amount, the amount is, in applying the definition qualifying incomes in subsection (7) for the purpose of subsection (1), deemed to be income from a source in that other country.
Pour l’application du présent article et de l’article 60, lorsqu’un accord écrit ou l’ordonnance d’un tribunal compétent, établi à un moment d’une année d’imposition, prévoit qu’un montant payé avant ce moment et au cours de l’année ou de l’année d’imposition précédente est considéré comme payé et reçu au titre de l’accord ou de l’ordonnance, les présomptions suivantes s’appliquent : a) le montant est réputé avoir été payé au titre de l’accord ou de l’ordonnance; b) l’accord ou l’ordonnance est réputé, sauf pour l’application du présent paragraphe, avoir été établi le jour où un tel montant est payé pour la première fois. Toutefois, lorsque l’accord ou l’ordonnance est établi après avril 1997 et modifie un montant de pension alimentaire pour enfants payable au bénéficiaire par rapport au dernier semblable montant qui lui a été payé Definitions R.S., 1985, c. 1 (5th Supp.), s. 60.1; 1994, c. 7, Sch. VIII, s. 22; c. 21, ss. 136, 137, c. 25, s. 118; 1998, c. 19, s. 60(1); 2000, c. 12, s. 142; 2001, c. 17, s. 240(F); 2005, c. 33, s. 71; 2013, c. 34, s. 109, c. 40, s. 28(F).
In this section, business-income tax paid by a taxpayer for a taxation year in respect of businesses carried on by the taxpayer in a country other than Canada (referred to in this definition as the “business country”) means, subject to subsections (4.1) to (4.2), the portion of any income or profits tax paid by the taxpayer for the year to the government of a country other than Canada that can reasonably be regarded as tax in respect of the income of the taxpayer from a business carried on by the taxpayer in the business country, but does not include a tax, or the portion of a tax, that can reasonably be regarded as relating to an amount that (a) any other person or partnership has received or is entitled to receive from that government, or (b) was deductible under subparagraph 110(1)(f)(i) in computing the taxpayer’s taxable income for the year; commercial obligation in respect of a taxpayer’s foreign oil and gas business in a country means an obligation of the taxpayer to a particular person, undertaken in the course of carrying on the business or in contemplation of the business, if the law of the country would have allowed the taxpayer to undertake an obligation, on substantially the same terms, to a person other than the particular person; (obligation commerciale) economic profit of a taxpayer in respect of a property for a period means the part of the taxpayer’s profit, from the business in which the property is used, that is attributable to the property in respect of the period or to related transactions, determined as if the only amounts deducted in computing that part of the profit were (a) interest and financing expenses incurred by the taxpayer and attributable to the acquisition or holding of the property in respect of the period or to a related transaction, (b) income or profits taxes payable by the taxpayer for any year to the government of a country other than Canada, in respect of the property for the period or in respect of a related transaction, or (c) other outlays and expenses that are directly attributable to the acquisition, holding or disposition of the property in respect of the period or to a related transaction; (profit économique) non-business-income tax paid by a taxpayer for a taxation year to the government of a country other than Canada means, subject to subsections (4.1) to (4.2), the portion of any income or profits tax paid by the taxpayer for the year to the government of that country that (a) was not included in computing the taxpayer’s business-income tax for the year in respect of any business carried on by the taxpayer in any country other than Canada, (b) was not deductible by virtue of subsection 20(11) in computing the taxpayer’s income for the year, and (c) was not deducted by virtue of subsection 20(12) in computing the taxpayer’s income for the year, but does not include a tax, or the portion of a tax, (c.1) that is in respect of an amount deducted because of subsection 104(22.3) in computing the taxpayer’s business-income tax, (d) that would not have been payable had the taxpayer not been a citizen of that country and that cannot reasonably be regarded as attributable to income from a source outside Canada, (e) that may reasonably be regarded as relating to an amount that any other person or partnership has received or is entitled to receive from that government, (f) that, where the taxpayer deducted an amount under subsection 122.3(1) from the taxpayer's tax otherwise payable under this Part for the year, may reasonably be regarded as attributable to the taxpayer's income from employment to the extent of the lesser of the amounts determined in respect thereof under paragraphs 122.3(1)(c) and 122.3(1)(d) for the year, (g) that can reasonably be attributed to a taxable capital gain or a portion thereof in respect of which the taxpayer or a spouse or common-law partner of the taxpayer has claimed a deduction under section 110.6, or (i) that can reasonably be regarded as relating to an amount that was deductible under subparagraph 110(1)(f)(i) in computing the taxpayer's taxable income for the year; (impôt sur le revenu ne provenant pas d'une entreprise) production tax amount of a taxpayer for a foreign oil and gas business carried on by the taxpayer in a taxing country for a taxation year means the total of all amounts each of which (a) became receivable in the year by the government of the country because of an obligation (other than a commercial obligation) of the taxpayer, in respect of the business, to the government or an agent or instrumentality of the government, (b) is computed by reference to the amount by which (i) the amount or value of petroleum, natural gas or related hydrocarbons produced or extracted by the taxpayer in the course of carrying on the business in the year (ii) an allowance or other deduction that (A) is deductible, under the agreement or law that creates the obligation described in paragraph (a), in computing the amount receivable by the government of the country, and (B) is intended to take into account the taxpayer's operating and capital costs of that production or extraction, and can reasonably be considered to have that effect, (c) would not, if this Act were read without reference to subsection (5), be an income or profits tax, and qualifying incomes of a taxpayer from sources in a country means incomes from sources in the country, determined in accordance with subsection (9); (revenus admissibles) qualifying losses of a taxpayer from sources in a country means losses from sources in the country, determined in accordance with subsection (9); (pertes admissibles) related transactions, in respect of a taxpayer’s ownership of a property for a period, means transactions entered into by the taxpayer as part of the arrangement under which the property was owned; (opérations connexes) tax-exempt income means income of a taxpayer from a source in a country in respect of which (a) the taxpayer is, because of a tax treaty with that country, entitled to an exemption from all income or profits taxes, imposed in that country, to which the treaty applies, and (b) no income or profits tax to which the treaty does not apply is imposed in any country other than Canada; (revenu exonéré d’impôt) tax for the year otherwise payable under this Part by a taxpayer means (a) in paragraph (1)(b) and subsection (3), the amount determined by the formula A is the amount that would be the tax payable under this Part for the year by the taxpayer if that tax were determined without reference to section 120.3 and before making any deduction under any of sections 121, 122.3, 125 to 127.41 and, if the taxpayer is a Canadian-controlled private corporation throughout the year, section 123.4, and B is the amounts deemed by subsections 120(2) and (2.2) to have been paid on account of tax payable under this Part by the taxpayer, (b) in subparagraph (2)(c)(i) and paragraph (2.2)(b), the amount that would be the tax payable under this
R.S., 1985, c. 1 (5th Supp.), s. 60.11; 2013, c. 40, s. 29. Refund of undeducted past service AVCs (b) the least of (i) $3,500, exceeds exceeds Idem contrepartie d’un contrat de rente à versements invariables du particulier, (ii) d’autre part, au titre duquel aucune somme n’a été déduite dans le calcul de son revenu pour l’année d’imposition précédente; b) l’excédent éventuel du total des montants suivants : (i) le reste obtenu lorsque le total des sommes déductibles dans le calcul du revenu du contribuable pour l’année, en vertu des alinéas 60j) et l) de la présente loi et de l’alinéa 60k) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts revisés du Canada de 1952, est déduit du total des sommes relatives au particulier pour l’année et visées au paragraphe (2), (ii) l’excédent éventuel de la somme déterminée en vertu de l’alinéa 3b) et relative au particulier pour l’année sur le total des sommes dont chacune représente une perte déductible au titre d’un placement d’entreprise du particulier pour l’année, (iii) le revenu tiré pour l’année par le particulier de la production d’œuvres littéraires, dramatiques, musicales ou artistiques, (iv) le revenu tiré pour l’année par le particulier de ses activités d’athlète, de musicien ou de professionnel du spectacle comme un artiste de théâtre, de cinéma, de radio ou de télévision, (iv.1) l’excédent éventuel de la somme incluse dans le calcul du revenu du particulier pour l’année en vertu de l’article 59 sur le total des sommes déduites dans le calcul de son revenu pour l’année en vertu des articles 64, 66, 66.1, 66.2 et 66.4 et en vertu de l’article 29 des Règles concernant l’application de l’impôt sur le revenu, sur : (v) le total des sommes dont chacune correspond au montant annuel de la rente du particulier au titre d’un contrat de rente à versements invariables, relativement à une contrepartie au titre de laquelle une somme a été déduite, en vertu du présent paragraphe, dans le calcul de son revenu pour l’année. Idem
taxing country means a country (other than Canada) the government of which regularly imposes, in respect of income from businesses carried on in the country, a levy or charge of general application that would, if this Act were read without reference to subsection (5), be an income or profits tax; (pays taxateur) unused foreign tax credit of a taxpayer in respect of a country for a taxation year means the amount, if any, by which (a) the business-income tax paid by the taxpayer for the year in respect of businesses carried on by the taxpayer in that country Deemed dividend — partnership
Pour l’application du paragraphe (1), une somme relative à un particulier pour une année d’imposition et visée au présent paragraphe s’entend de l’une ou plusieurs des sommes suivantes : a) tout paiement unique reçu par le particulier au cours de l’année a) tout paiement unique qu’il a reçu au cours de l’année : (i) dans le cadre d’une caisse ou d’un régime de retraite ou de pension : (A) lors du décès, de la démission ou de la retraite d’un employé ou d’un ancien employé, (B) lors de la liquidation de la caisse ou du régime, en règlement total des droits du cotisant dans le cadre de la caisse ou du régime, (C) auquel le cotisant a droit en vertu d’une modification du régime, bien qu’il continue à être un employé auquel le régime s’applique, (ii) lors de sa retraite en tant qu’employé, en reconnaissance de ses longs états de service mais non dans le cadre d’une caisse ou d’un régime de retraite, (iii) dans le cadre d’un régime de participation des employés aux bénéfices, en règlement total de ses droits en vertu du régime, dans la mesure où le montant de ce paiement doit être inclus dans le calcul du revenu du particulier pour l’année au cours de laquelle il a été reçu, (iv) dans le cadre d’un régime de participation différée aux bénéfices, lors du décès, de la démission ou du départ à la retraite d’un employé ou d’un ancien employé, dans la mesure où le montant de ce paiement doit être inclus dans le calcul du revenu du particulier pour l’année; b) les paiements faits par un employeur au particulier en sa qualité d’employé ou d’ancien employé, lors de son départ à la retraite ou après, relativement à la perte de sa charge ou de son emploi, si ces paiements sont effectués au cours de l’année du départ à la retraite ou de l’année suivante; c) les paiements faits au particulier à titre de prestation consécutive au décès, si ces paiements sont effectués au cours de l’année du décès ou de l’année suivante; d) toute somme incluse dans le calcul du revenu du particulier pour l’année, en vertu du paragraphe 146(8), dans la mesure où cette somme représente un remboursement de primes, au sens de l’article 146, et effectuée en vertu d’un régime enregistré d’épargne-retraite et reçue par le particulier en vertu de ce régime, lors du décès ou après le décès de la personne qui était, immédiatement avant son décès, le bénéficiaire de la rente en vertu du régime; Income Tax PART I Income Tax DIVISION B Computation of Income
If an amount is deemed by subsection 96(1.11) to be a taxable dividend received by a person in a taxation year of the person in respect of a partnership, and it is reasonable to consider that all or part of the amount (in this subsection referred to as the “foreign-source portion”) is attributable to income of the partnership from a source in a country other than Canada, the person is deemed for the purposes of this section to have an amount of income from that source for that taxation year equal to the amount determined by the formula A is the total amount included under subsection 82(1) in computing the income of the person in respect of the taxable dividend for that taxation year; B is the foreign-source portion; and C is the amount of the taxable dividend deemed to be received by the person. Computation of qualifying incomes and losses
Impôt sur le revenu
The qualifying incomes and qualifying losses for a taxation year of a taxpayer from sources in a country shall be determined (i) any portion of income that was deductible under subparagraph 110(1)(f)(i) in computing the taxpayer’s taxable income, (ii) for the purpose of subparagraph (1)(b)(i), any portion of income in respect of which an amount was deducted under section 110.6 in computing the taxpayer’s income, or (iii) any income or loss from a source in the country if any income of the taxpayer from the source would be tax-exempt income; and (b) as if the total of all amounts each of which is that portion of an amount deducted under subsection 66(4), 66.2(4), 66.7(2) or 66.7(2.3) in computing those qualifying incomes and qualifying losses for the year that applies to those sources were the greater of (i) the total of all amounts each of which is that portion of an amount deducted under subsection 66(4), 66.2(4) or 66.7(2) in computing the taxpayer’s income for the year that applies to those sources, and (A) the portion of the maximum amount that would be deductible under subsection 66(4) in computing the taxpayer’s income for the year that applies to those sources if the amount determined under subparagraph 66(4)(b)(ii) for the taxpayer in respect of the year were equal to the amount, if any, by which the total of (I) the taxpayer’s foreign resource income (within the meaning assigned by subsection 66.21(1)) for the year in respect of the country, determined as if the taxpayer had claimed the maximum amounts deductible for the year under subsections 66.7(2) and (2.3), and (II) all amounts each of which would have been an amount included in computing the taxpayer’s income for the year under subsection 59(1) in respect of a disposition of a foreign resource property in respect of the country, determined as if each amount determined under subparagraph 59(1)(b)(ii) were nil, (III) the total of all amounts each of which is a portion of an amount (other than a portion that results in a reduction of the amount otherwise determined under subclause (I)) that applies to those sources and that would be deductible under subsection 66.7(2) in computing the taxpayer’s income for the year if the maximum amounts deductible for the year under that subsection were deducted, (B) the maximum amount that would be deductible under subsection 66.21(4) in respect of those sources in computing the taxpayer’s income for the year if (I) the amount deducted under subsection 66(4) in respect of those sources in computing the taxpayer’s income for the year were the amount determined under clause (A), (II) the amounts deducted under subsections 66.7(2) and (2.3) in respect of those sources in computing the taxpayer’s income for the year were the maximum amounts deductible under those subsections, (III) for the purposes of the definition cumulative foreign resource expense in subsection 66.21(1), the total of the amounts designated under subparagraph 59(1)(b)(ii) for the year in respect of dispositions by the taxpayer of foreign resource properties in respect of the country in the year were the maximum total that could be so designated without any reduction in the maximum amount that would be determined under clause (A) in respect of the taxpayer for the year in respect of the country if no assumption had been made under subclause (A)(II) in respect of designations made under subparagraph 59(1)(b)(ii), (IV) the amount determined under paragraph 66.21(4)(b) were nil, and (C) the total of all amounts each of which is the maximum amount, applicable to one of those sources, that is deductible under subsection 66.7(2) or (2.3) in computing the taxpayer’s income for the year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1984, c. 8, s. 14; 2013, c. 34, s. 268. Logging tax deduction
(a) 2/3 of any logging tax paid by the taxpayer to the government of a province in respect of income for the year from logging operations in the province, and (b) 6 2/3% of the taxpayer’s income for the year from logging operations in the province referred to in paragraph 127(1)(a), except that in no case shall the total of amounts in respect of all provinces that would otherwise be deductible under this subsection from the tax otherwise payable under this Part for the year by the taxpayer exceed 6 2/3% of the amount that would be the taxpayer’s taxable income for the year or taxable income earned in Canada for the year, as the case may be, if this Part were read without reference to paragraphs 60(b), 60(c) to 60(c.2), 60(f) and 60(v) and sections 62, 63 and 64. logging tax means a tax imposed by the legislature of a province that is declared by regulation to be a tax of general application on income from logging operations. (impôt sur les opérations forestières) Contributions to registered parties and candidates
There may be deducted from the tax otherwise payable by a taxpayer under this Part for a taxation year in respect of the total of all amounts each of which is the eligible amount of a monetary contribution that is referred to in the Canada Elections Act and that is made by the taxpayer in the year to a registered party, a registered association or a candidate, as those terms are defined in that Act, (a) when that total does not exceed $400, 75% of that total, (b) when that total exceeds $400 and does not exceed $750, $300 plus 50% of the amount by which that total exceeds $400, and (c) when that total exceeds $750, the lesser of (i) $650, and (ii) $475 plus 33 1/3% of the amount by which the total exceeds $750, if payment of each monetary contribution that is included in that total is evidenced by filing with the Minister a receipt, signed by the agent authorized under that Act to accept that monetary contribution, that contains prescribed information. Issue of receipts (3.1) A receipt referred to in subsection (3) must be issued only in respect of the monetary contribution that it provides evidence for and only to the contributor who made it. Authorization required for receipts from registered associations (3.2) No agent of a registered association of a registered party shall issue a receipt referred to in subsection (3) unless the leader of the registered party has, in writing, notified the financial agent, as referred to in the Canada Elections Act, of the registered association that its agents are authorized to issue those receipts. Prohibition — issuance of receipts (3.3) If the Commissioner of Canada Elections makes an application under subsection 521.1(2) of the Canada Elections Act in respect of a registered party, no registered agent of the party — including, for greater certainty, a registered agent appointed by a provincial division of the party — and no electoral district agent of a registered association of the party shall issue a receipt referred to in subsection (3) unless the Commissioner withdraws the application or the court makes an order under subsection 521.1(6) of that Act or dismisses the application. Monetary contributions — form and content (4.1) For the purpose of subsections (3) and (3.1), a monetary contribution made by a taxpayer may be in the form of cash or of a negotiable instrument issued by the taxpayer. However, it does not include (a) a monetary contribution that a taxpayer who is an agent authorized under the Canada Elections Act to accept monetary contributions makes in that capacity; or (b) a monetary contribution in respect of which a taxpayer has received or is entitled to receive a financial benefit of any kind (other than a prescribed financial benefit or a deduction under subsection (3)) from a government, municipality or other public authority, whether as a grant, subsidy, forgivable loan or deduction from tax or an allowance or otherwise. Investment tax credit
There may be deducted from the tax otherwise payable by a taxpayer under this Part for a taxation year an amount not exceeding the lesser of (i) the taxpayer’s investment tax credit at the end of the year in respect of property acquired before the end of the year, of the taxpayer’s apprenticeship expenditure for the year or a preceding taxation year, of the taxpayer’s flow-through mining expenditure for the year or a preceding taxation year, of the taxpayer’s flow-through critical mineral mining expenditure for the year or a preceding taxation year, of the taxpayer’s pre-production mining expenditure for the year or a preceding taxation year or of the taxpayer’s SR&ED qualified expenditure pool at the end of the year or at the end of a preceding taxation year, and (A) the taxpayer’s investment tax credit at the end of the year in respect of property acquired in a subsequent taxation year, of the taxpayer’s apprenticeship expenditure for a subsequent taxation year, of the taxpayer’s flow-through mining expenditure for a subsequent taxation year, of the taxpayer’s flow-through critical mineral mining expenditure for a subsequent taxation year, of the taxpayer’s pre-production mining expenditure for a subsequent taxation year or of the taxpayer’s SR&ED qualified expenditure pool at the end of the subsequent taxation year to the extent that an investment tax credit was not deductible under this subsection for the subsequent taxation year, and (B) the amount, if any, by which the taxpayer’s tax otherwise payable under this Part for the year exceeds the amount, if any, determined under subparagraph 127(5)(a)(i), and (b) where Division E.1 applies to the taxpayer for the year, the amount, if any, by which (i) the taxpayer’s tax otherwise payable under this Part for the year (ii) the taxpayer’s minimum amount for the year determined under section 127.51. Investment tax credit of cooperative corporation
Loi de l'impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952; f) toute somme incluse dans le calcul du revenu du particulier pour l'année, en vertu des articles 13, 14 ou 23, du paragraphe 28(4) ou (5) ou de l'alinéa 106(2)a) de la présente loi ou du sous-alinéa 56(1)a)(vii) de la Loi de l'impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952; g) l'excédent éventuel de toute somme que le particulier a reçue au cours de l'année à titre de récompense couronnant une œuvre remarquable réalisée dans un domaine d'activité habituel sur 500 $; h) la somme incluse dans le calcul du revenu du particulier pour l'année en vertu du paragraphe 146.2(6) de la Loi de l'impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952; i) le paiement fait au cours de l'année à un particulier en vertu de l'alinéa 51(2)b) de la Loi sur les juges; j) sauf lorsque le particulier a réclamé une déduction en vertu de l'alinéa 23(3)a) des Règles concernant l'application et l'interprétation de la Loi de l'impôt sur le revenu dans le calcul de son revenu pour l'année, un montant inclus dans le calcul de ce revenu par l'application de l'alinéa 23(3)c) de cette loi; k) lorsque le particulier a cessé d'être un associé d'une société de personnes au cours de l'année ou de l'année précédente et que l'alinéa 34a) était applicable au calcul de son revenu tiré de cette société de personnes au cours de l'année précédente, le montant inclus dans son revenu pour l'année par l'application de l'alinéa 3a) dans la mesure où, compte tenu des circonstances y compris la proportion sur laquelle les associés de la société de personnes sont convenus de partager les bénéfices, il est raisonnable de l'assimiler à sa part dans les travaux en cours de la société de personnes au moment où il a cessé d'en être un associé, si, au cours du reste de l'année pendant laquelle il a cessé d'être un associé et au cours de l'année suivante : (i) il n'est pas devenu employé dans l'entreprise qu'exploitait la société de personnes, (ii) il n'a pas exploité une entreprise qui est une profession libérale, (iii) il n'est pas devenu un associé d'une société de personnes qui exploite une entreprise qui est une profession libérale. Definitions Income Tax PART I Income Tax
Where at any particular time in a taxation year a taxpayer that is a cooperative corporation within the meaning assigned by subsection 136(2) has, as required by subsection 135(3), deducted or withheld an amount from a payment made by it to any person pursuant to an allocation in proportion to patronage, the taxpayer may deduct from the amount otherwise required by that subsection to be remitted to the Receiver General, an amount, not exceeding the amount, if any, by which (a) its investment tax credit at the end of the immediately preceding taxation year in respect of property acquired and expenditures made before the end of that preceding taxation year exceeds the total of (b) the amount deducted under subsection 127(5) from its tax otherwise payable under this Part for the immediately preceding taxation year in respect of property acquired and expenditures made before the end of that preceding taxation year, and (c) the total of all amounts each of which is the amount deducted by it from the amount otherwise required to be remitted by subsection 135(3) in respect of payments made by it before the particular time and in the taxation year, and the amount, if any, so deducted from the amount otherwise required to be remitted by subsection 135(3) (e) shall be deemed to have been remitted by the taxpayer to the Receiver General on account of tax under this Part of the person to whom that payment was made. Investment tax credit of certain trusts
(d) in respect of a contract referred to in paragraph (b), payments described therein to the individual; (contract de rente à versements invariables) NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: 1977-71-2, c. 63, s. 1 “61”, 1973-74, c. 14, s. 17, c. 5, s. 19; 1975-76, c. 48, s. 3; 1976-77, c. 4, s. 18; 1977-78, c. 15, s. 26; 101(7); 1979, c. 5, s. 18; 1980-81-82-83, c. 48, s. 3; 40, c. 140, s. 30. A + B - 0.2(C - $40,000) where Impôt sur le revenu
If, in a particular taxation year of a taxpayer who is a beneficiary under a trust that is a graduated rate estate or that is deemed to be in existence by section 143, an amount is determined in respect of the trust under paragraphs (a), (a.1), (a.4), (b) or (e.1) of the definition investment tax credit in subsection (9) for its taxation year that ends in that particular taxation year, the trust may, in its return of income for its taxation year that ends in that particular taxation year, designate the portion of that amount that can, having regard to all the circumstances including the terms and conditions of the trust, reasonably be considered to be attributable to the taxpayer and was not designated by the trust in respect of any other beneficiary of the trust, and that portion is to be added in computing the investment tax credit of the taxpayer at the end of that particular taxation year and is to be deducted in computing the investment tax credit of the trust at the end of its taxation year that ends in that particular taxation year. Investment tax credit of partnership
Subject to subsection (28), where, in a particular taxation year of a taxpayer who is a member of a partnership, an amount would be determined in respect of the partnership, for its taxation year that ends in the particular taxation year, under paragraph (a), (a.1), (a.4), (b) or (e.1) of the definition investment tax credit in subsection (9), if (a) except for the purpose of subsection 127(13), the partnership were a person and its fiscal period were its taxation year, and (b) in the case of a taxpayer who is a specified member of the partnership in the taxation year of the partnership, that definition were read without reference to subparagraph (a.1) and paragraph (e.1) of that definition were read without reference to subparagraphs (ii) to (iv) thereof, the portion of that amount that can reasonably be considered to be the taxpayer’s share thereof shall be added in computing the investment tax credit of the taxpayer at the end of the particular year. Investment tax credit of limited partner (8.1) Notwithstanding subsection (8), if a taxpayer is a limited partner of a partnership at the end of a fiscal period of the partnership, the amount, if any, determined under subsection (8) to be added in computing the taxpayer’s investment tax credit at the end of the taxpayer’s taxation year in which that fiscal period ends shall not exceed the lesser of (a) the portion of the amount that would, if this section were read without reference to this subsection, be determined under subsection (8) to be the amount to be added in computing the taxpayer’s investment tax credit at the end of the taxpayer’s taxation year in which that fiscal period ends as is considered to have arisen because of the expenditure by the partnership of an amount equal to the taxpayer’s expenditure base (as determined under subsection (8.2) in respect of the partnership) at the end of that fiscal period, and (b) the taxpayer’s at-risk amount in respect of the partnership, less the total of all amounts required by a clean economy allocation provision (as defined in subsection 127.47(1)) to be added in computing a clean economy tax credit (as defined in subsection 127.47(1)) of the taxpayer at the end of that fiscal period. (8.2) For the purposes of subsection 127(8.1), a taxpayer’s expenditure base in respect of a partnership at the end of a taxation year of the partnership is the lesser of (a) the amount, if any, by which the total of (i) the taxpayer’s at-risk amount in respect of the partnership at the time the taxpayer last became a limited partner of the partnership, (ii) all amounts described in subparagraph 53(1)(e)(iv) contributed by the taxpayer after the time the taxpayer last became a limited partner of the partnership and before the end of the year that may reasonably be considered to have increased the taxpayer’s at-risk amount in respect of the partnership at the end of the taxation year in which the contribution was made, and (iii) the amount, if any, by which (A) the total of all amounts each of which is the taxpayer’s share of any income of the partnership as determined under paragraph 96(1)(f) for the year, or a preceding year ending after the time the taxpayer last became a limited partner of the partnership, (B) the total of all amounts each of which is the taxpayer’s share of any loss of the partnership as determined under paragraph 96(1)(g) for one of those years exceeds the total of (iv) all amounts received by the taxpayer after the time the taxpayer last became a limited partner of the partnership and before the end of the year as, on account or in lieu of payment of, or in satisfaction of, a distribution of the taxpayer’s share of partnership profits or partnership capital, and (v) the total of all amounts each of which is the amount of an expenditure of the partnership referred to in paragraph 127.8(1)(a) in respect of the taxpayer for a preceding year, and (b) that proportion of the lesser of (i) the total of all amounts each of which is, if the partnership were a person and its fiscal period were its taxation year, (A) an amount a specified percentage of which would be determined in respect of the partnership under paragraph (a), (b) or (e.1) of the definition investment tax credit in subsection 127(9) for the year, (A.1) an amount that would be the apprenticeship expenditure of the partnership if the reference to "$2,000" in paragraph (a) of the definition apprenticeship expenditure in subsection (9) were read as a reference to "$20,000" and paragraph (b) of that definition were read without reference to "10% or", or (B) the amount that would be the SR&ED qualified expenditure pool of the partnership at the end of the year, and (ii) the total of all amounts each of which is the amount determined under paragraph 127(8.2)(a) in respect of each of the limited partners of the partnership at the end of the year is of Investment tax credit — allocation of unallocated partnership ITCs (8.3) For the purpose of subsection (8), and subject to subsection (8.4), if a taxpayer is a member of a partnership (other than a specified member) throughout a fiscal period of the partnership, there shall be added to the amount that can reasonably be considered to be that member’s share of the amount determined under subsection (8) the amount, if any, that is such portion of the amount determined under subsection (8.31) in respect of that fiscal period as is reasonable in the circumstances (having regard to the investment in the partnership, including debt obligations of the partnership, of each of those members of the partnership who was a member of the partnership throughout the fiscal period of the partnership and who was not a specified member of the partnership during the fiscal period of the partnership). Amount of unallocated partnership ITC (8.31) For the purpose of subsection (8.3), the amount determined under this subsection in respect of a fiscal period of a partnership is the amount, if any, by which (a) the total of all amounts each of which is an amount that would, if the partnership were a person and its fiscal period were its taxation year, be determined in respect of the partnership under paragraph (a), (a.1), (a.4), (b) or (e.1) of the definition *investment tax credit* in subsection (9) for a taxation year that is the fiscal period, (i) the total of all amounts each of which is the amount determined under subsection (8) in respect of the fiscal period to be the share of the total determined under paragraph (a) of a partner of the partnership (other than a member of the partnership who was at any time in the fiscal period of the partnership a specified member of the partnership), (ii) the total of all amounts each of which is the amount determined under subsection (8), with reference to subsection (8.1), in respect of the fiscal period to be the share of the total determined under paragraph (a) of a partner of the partnership who was at any time in the fiscal period of the partnership a specified member of the partnership, (8.4) Notwithstanding subsection 127(8), where, pursuant to subsections 127(8) and 127(8.3) an amount would, but for this subsection, be required to be added in computing the investment tax credit of a taxpayer for a taxation year, where the taxpayer so elects in prescribed form and manner in the taxpayer’s return of income (other than a return of income filed under subsection 70(2) or 104(23), paragraph 128(2)(e) or subsection 150(4)) under this Part for the year, such portion of the amount as is elected by the taxpayer shall, for the purposes of this section, be deemed not to have been required by subsection 127(8) to be added in computing the taxpayer’s investment tax credit at the end of the year. (8.5) In subsections 127(8.1) to 127(8.4), the words *at-risk amount* of a taxpayer and *limited partner* of a partnership have the meanings assigned to those words by subsections 96(2.2) and 96(2.4), respectively.
In this section, **apprenticeship expenditure** of a taxpayer for a taxation year in respect of an eligible apprentice is the lesser of (b) 10% of the eligible salary and wages payable by the taxpayer in the taxation year to the eligible apprentice in respect of the eligible apprentice’s employment, in the taxation year on or after May 2, 2006, by the taxpayer in a business carried on in Canada by the taxpayer in the taxation year; (*dépense d’apprentissage*) **approved project means** a project with a total capital cost of depreciable property, determined without reference to subsection 13(7.1) or 13(7.4), of not less than $25,000 that has, on application in writing before July, 1988, been approved by such member of the Queen’s Privy Council for Canada as is designated by the Governor in Council for the purposes of this definition in relation to projects in the appropriate province or region of a province; (*ouvrage approuvé*) **Cape Breton** means Cape Breton Island and that portion of the Province of Nova Scotia within the following described boundary: beginning at a point on the southwesterly shore of Chedabucto Bay near Red Head, said point being S70 degrees E (Nova Scotia grid meridian) from Geodetic Station Sand, thence in a southwesterly direction to a point on the northwesterly boundary of highway 344, said point being southwesterly 240 [FEET] from the intersection of King Brook with said highway boundary, thence northwesterly to Crown post 6678, thence continuing northwesterly to Crown post 6679, thence continuing northwesterly to Crown post 6680, thence continuing northwesterly to Crown post 6681, thence continuing northwesterly to Crown post 6632, thence continuing northwesterly to Crown post 6602, thence northerly to Crown post 8575; thence northerly to Crown post 6599, thence continuing northerly to Crown post 6600, thence northwesterly to the southwest angle of the Town of Mulgrave, thence along the westerly boundary of the Town of Mulgrave and a prolongation thereof northerly to the Antigonish-Guysborough county line, thence along said county line northeasterly to the southwesterly shore of the Strait of Canso, thence following the southwesterly shore of the Strait of Canso and the northwesterly shore of Chedabucto Bay southeasterly to the place of beginning; (Cap-Breton) certified property of a taxpayer means any property (other than an approved project property) described in paragraph (a) or (b) of the definition qualified property in this subsection (a) that was acquired by the taxpayer (i) after October 28, 1980 and (B) before 1988 where the property is (I) a building under construction before 1987, (II) machinery and equipment ordered in writing by the taxpayer before 1987, (ii) after 1986 and before 1989, other than a property included in subparagraph (i), (iii) after 1988 and before 1995, (iv) after 1994 and before 1996 where (A) the property is acquired by the taxpayer for use in a project that was substantially advanced by or on behalf of the taxpayer, as evidenced in writing, before February 22, 1994, and (B) construction of the project by or on behalf of the taxpayer begins before 1995, or (v) after 1994 where the property (A) is acquired by the taxpayer under a written agreement of purchase and sale entered into by the taxpayer before February 22, 1994, (B) was under construction by or on behalf of the taxpayer on February 22, 1994, or (C) is machinery or equipment that will be a fixed and integral part of property under construction by or on behalf of the taxpayer on February 22, 1994, and that has not been used, or acquired for use or lease, for any purpose whatever before it was acquired by the taxpayer, and (b) that is part of a facility as defined for the purposes of the Regional Development Incentives Act, chapter R-3 of the Revised Statutes of Canada, 1970, and was acquired primarily for use by the taxpayer in a prescribed area; (bien certifié) contract payment means (a) an amount paid or payable to a taxpayer, by a taxable supplier in respect of the amount, for scientific research and experimental development to the extent that it is performed (i) for or on behalf of a person or partnership entitled to a deduction in respect of the amount because of subparagraph 37(1)(a)(i.01) or (i.1), and (ii) at a time when the taxpayer is dealing at arm’s length with the person or partnership, or (b) an amount in respect of an expenditure of a current nature (within the meaning assigned by paragraph 37(8)(d)) of a taxpayer, other than a prescribed amount, payable by a Canadian government or municipality or other Canadian public authority or by a person exempt, because of section 149, from tax under this Part on all or part of the person’s taxable income for scientific research and experimental development to be performed for it or on its behalf; (paiement contractuel) critical mineral means eligible apprentice means an individual who is employed in Canada in a trade prescribed in respect of a province or in respect of Canada, during the first twenty-four months of the individual’s apprenticeship contract registered with the province or Canada, as the case may be, under an apprenticeship program designed to certify or license individuals in the trade; (apprenti admissible) eligible salary and wages payable by a taxpayer to an eligible apprentice means the amount, if any, that is the salary and wages payable by the taxpayer to the eligible apprentice in respect of the first 24 months of the apprenticeship (other than a qualified expenditure incurred by the taxpayer in a taxation year, remuneration that is based on profits, bonuses, amounts described in section 6 or 7, and amounts deemed to be incurred by subsection 78(4)); (traitement et salaire admissibles) eligible taxpayer means (a) a corporation other than a non-qualifying corporation, (b) an individual other than a trust, (c) a trust all the beneficiaries of which are eligible taxpayers, and and for the purpose of this definition, a beneficiary of a trust is a person or partnership that is beneficially interested in the trust; (contribuable admissible) first term shared-use-equipment, of a taxpayer, means depreciable property of the taxpayer (other than prescribed depreciable property of a taxpayer) acquired before 2014 that is used by the taxpayer, during its operating time in the period (in this subsection and subsection (11.1) referred to as the “first period”) beginning at the time the property was acquired by the taxpayer and ending at the end of the taxpayer’s first taxation year ending at least 12 months after that time, primarily for the prosecution of scientific research and experimental development in Canada, but does not include general purpose office equipment or furniture; (matériel à vocations multiples de première période) flow-through critical mineral mining expenditure of a taxpayer for a taxation year means an expense deemed by subsection 66(12.6) or by subsection 66(18) as a consequence of the application of subsection 66(12.61) to the partnership, referred to in paragraph (c) of this definition, of which the taxpayer is a member) to be incurred by the taxpayer in the year (a) that is a Canadian exploration expense incurred by a corporation after April 7, 2022 in conducting mining exploration activity from or above the surface of the earth primarily targeting critical minerals, (b) that (i) is an expense described in paragraph (f) of the definition Canadian exploration expense in subsection 66.1(6), and (ii) is not an expense in respect of (A) trenching, if one of the purposes of the trenching is to carry out preliminary sampling (other than specified sampling), (c) that is an amount in respect of which is renounced in accordance with subsection 66(12.6) by the corporation to the taxpayer (or a partnership of which the taxpayer is a member) under an agreement described in that subsection and made after April 7, 2022 and on or before March 31, 2027, (d) that is not an expense that was renounced under subsection 66(12.6) to the corporation (or a partnership of which the corporation is a member), unless that renunciation was under an agreement described in that subsection and made after April 7, 2022 and on or before March 31, 2027, (e) that, in respect of an agreement described in paragraph (a), a qualified professional engineer or professional geoscientist certifies in prescribed form and manner that the expense is to be incurred in accordance with an exploration plan that primarily targets critical minerals if the qualified professional engineer or professional geoscientist (i) completed the certification within the 12-month period immediately preceding the time when the agreement is made, and (ii) acted reasonably, in their professional capacity, in completing the certification, and (f) that is not an expense that the taxpayer has included under paragraph (a.2) of the definition investment tax credit in the computation of its investment tax credit in respect of which the taxpayer has, at any time, sought a deduction under subsection (5); (dépense minière de minéral critique déterminée) flow-through mining expenditure of a taxpayer for a taxation year means an expense deemed by subsection 66(12.61) (or by subsection 66(18) as a consequence of the application of subsection 66(12.61)) to be the partnership, referred to in paragraph (c) of this definition, of which the taxpayer is a member) to be incurred by the taxpayer in the year (a) that is a Canadian exploration expense incurred by a corporation after March 2024 and before 2026 (including, for greater certainty, an expense that is deemed by subsection 66(12.66) to be incurred before 2026) in conducting mining exploration activity from or above the surface of the earth for the purpose of determining the existence, location, extent or quality of a mineral resource described in paragraph (a) or (d) of the definition mineral resource in subsection 248(1), (b) that (i) is an expense described in paragraph (f) of the definition Canadian exploration expense in subsection 66.1(6), and (ii) is not an expense in respect of (A) trenching, if one of the purposes of the trenching is to carry out preliminary sampling (other than specified sampling), (c) an amount in respect of which is renounced in accordance with subsection 66(12.6) by the corporation to the taxpayer (or a partnership of which the taxpayer is a member) under an agreement described in that subsection and made after March 2024 and before April 2025, (d) that is not an expense that was renounced under subsection 66(12.6) to the corporation (or a partnership of which the corporation is a member), unless that renunciation was under an agreement described in that subsection and made after March 2024 and before April 2025, and (e) that is not an expense that the taxpayer has included under paragraph (a.21) of the definition investment tax credit in the computation of its investment tax credit in respect of which the taxpayer has, at any time, sought a deduction under subsection (5); (dépense minière déterminée) Gaspé Peninsula means that portion of the Gaspé region of the Province of Quebec that extends to the western border of Kamouraska County and includes the Magdalen Islands; (péninsule de Gaspé) government assistance means assistance from a government, municipality or other public authority whether as a grant, subsidy, forgivable loan, deduction from tax, investment allowance or as any other form of assistance, other than as an excluded loan (as defined in subsection 12(1)) or as a deduction under subsection (5) or (6) or a deemed payment on account of tax payable under subsection 127.4(2), 127.45(2), 127.48(2) or 127.49(2); (aide gouvernementale) investment tax credit of a taxpayer at the end of a taxation year means the amount, if any, by which the total of (a) the total of all amounts each of which is the specified percentage of the capital cost to the taxpayer of qualified property or qualified resource property acquired by the taxpayer in the year, (a.1) 15% of the amount by which the taxpayer’s SR&ED qualified expenditure pool at the end of the year exceeds the total of all amounts each of which is the super-allowance benefit amount for the year in respect of the taxpayer in respect of a province, (a.2) where the taxpayer is an individual (other than a trust), 15% of the taxpayer’s flow-through mining expenditures for the year, (a.21) where the taxpayer is an individual (other than a trust), 30% of the taxpayer’s flow-through critical mineral mining expenditures for the year, (a.3) if the taxpayer is a taxable Canadian corporation, the total of (i) the specified percentage of the portion of the taxpayer’s pre-production mining expenditure described in subparagraph (a)(i) of the definition pre-production mining expenditure, and (ii) the specified percentage of the portion of the taxpayer’s pre-production mining expenditure described in subparagraph (a)(ii) of the definition pre-production mining expenditure, (a.4) the total of all amounts each of which is an apprenticeship expenditure of the taxpayer for the taxation year in respect of an eligible apprentice, (b) the total of amounts required by subsection 127(7) or 127(8) to be added in computing the taxpayer’s investment tax credit at the end of the year, (c) the total of all amounts each of which is an amount determined under any of paragraphs (a) to (b) in respect of the taxpayer for any of the 10 taxation years immediately preceding or the 3 taxation years immediately following the year, (e) the total of all amounts each of which is an amount required by subsection 127(10.1) to be added in computing the taxpayer’s investment tax credit at the end of the year or at the end of any of the 10 taxation years immediately preceding or the 3 taxation years immediately following the year, (e.1) the total of all amounts each of which is the specified percentage of that part of a repayment made by the taxpayer in the year or in any of the 10 taxation years immediately preceding or the 3 taxation years immediately following the year that can reasonably be considered to be a repayment of government assistance, non-government assistance or a contract payment that reduced (i) the capital cost to the taxpayer of a property under paragraph 127(11.1)(b), (ii) the amount of a qualified expenditure incurred by the taxpayer under paragraph 127(11.1)(c) for taxation years that began before 1996, (iii) the prescribed proxy amount of the taxpayer under paragraph 127(11.1)(f) for taxation years that began before 1996, (iv) a qualified expenditure incurred by the taxpayer under any of subsections 127(18) to 127(20), (v) the amount of a pre-production mining expenditure of the taxpayer under paragraph (11.1)(c.3), (vi) the amount of eligible salary and wages payable by the taxpayer to an eligible apprentice under paragraph (11.1)(c.4), to the extent that that reduction had the effect of reducing the amount of an apprenticeship expenditure of the taxpayer, and (e.2) the total of all amounts each of which is the specified percentage of 1/4 of that part of a repayment made by the taxpayer in the year or in any of the 10 taxation years immediately preceding or the 3 taxation years immediately following the year that can reasonably be considered to be a repayment of government assistance, non-government assistance or a contract payment that reduced (i) the amount of a qualified expenditure incurred by the taxpayer under paragraph 127(11.1)(e) for taxation years that began before 1996, (ii) a qualified expenditure incurred by the taxpayer under any of subsections 127(18) to 127(20), in respect of first term shared-use-equipment or second term shared-use-equipment, and, for that purpose, a repayment made by the taxpayer in any taxation year preceding the first taxation year that ends coincidentally with the first period or the second period in respect of first term shared-use-equipment or second term shared-use-equipment, respectively, is deemed to have been incurred by the taxpayer in that first taxation year, exceeds the total of (f) the total of all amounts each of which is an amount deducted under subsection 127(5) from the tax otherwise payable under this Part by the taxpayer for a preceding taxation year in respect of property acquired, or an expenditure incurred, in the year or in any of the 10 taxation years immediately preceding or the 2 taxation years immediately following the year, or in respect of the taxpayer’s SR&ED qualified expenditure pool at the end of such a year, (g) the total of all amounts each of which is an amount required by subsection 127(6) to be deducted in computing the taxpayer’s investment tax credit (i) at the end of the year, or (iii) at the end of any of the 9 taxation years immediately preceding or the 3 taxation years immediately following the year, (h) the total of all amounts each of which is an amount required by subsection 127(7) to be deducted in computing the taxpayer’s investment tax credit (i) at the end of the year, or (iii) at the end of any of the 10 taxation years immediately preceding or the 10 taxation years immediately following the year, (i) the total of all amounts each of which is an amount claimed under subparagraph 192(2)(a)(ii) by the taxpayer for the year or a preceding taxation year in respect of property acquired, or an expenditure made, in the year or the 10 taxation years immediately preceding the year, (j) if the taxpayer is subject to a loss restriction event at any time before the end of the year, the amount determined under subsection (9.1) in respect of the taxpayer, and (k) if the taxpayer is subject to a loss restriction event at any time after the end of the year, the amount determined under subsection (9.2) in respect of the taxpayer, except that no amount shall be included in the total determined under any of paragraphs (a) to (e.2) in respect of an outlay, expense or expenditure that would, if this Act were read without reference to subsections 127(26) and 78(4), be made or incurred by the taxpayer in the course of earning income in a particular taxation year, and no amount shall be added under paragraph (b) in computing the taxpayer’s investment tax credit at the end of a particular taxation year in respect of an outlay, expense or expenditure made or incurred by a trust or a partnership in the course of earning income, if (l) any of the income is exempt income or is exempt from tax under this Part, (m) the taxpayer does not file with the Minister a prescribed form containing prescribed information in respect of the amount on or before the day that is one year after the taxpayer’s filing-due date for the particular year; (crédit d’impôt à l’investissement) non-government assistance means an amount (other than an amount received directly from a government, municipality or other public authority) that would be included in income under paragraph 12(1)(x) if that paragraph were read without reference to subparagraphs 12(1)(x)(v) to (vii); (aide non gouvernementale) non-qualifying corporation at any time means (a) a corporation that is, at that time, not a Canadian-controlled private corporation, (b) a corporation that would be liable to pay tax under Part I.3 for the taxation year of the corporation that includes that time if that Part were read without reference to subsection 181.1(4) and if the amount determined under subsection 181.2(3) in respect of the corporation for the year were determined without reference to amounts described in any of paragraphs 181.2(3)(a), 181.2(3)(b), 181.2(3)(d) and 181.2(3)(f) to the extent that the amounts so described were used to acquire property that would be qualified small-business property if the corporation were not a non-qualifying corporation, or (c) a corporation that at that time is related for the purposes of section 181.5 to a corporation described in paragraph (b); (société non admissible) phase, of a project, means a discrete expansion in the extraction, processing or production capacity of the project of a taxpayer beyond a capacity level that was attained before March 29, 2012 and which expansion in capacity was the taxpayer’s demonstrated intention immediately before that date; (phase) pre-production mining expenditure, of a taxable Canadian exploration corporation for a taxation year, means the total of all amounts each of which is an expenditure incurred after 2002 by the taxable Canadian corporation in the taxation year that (a) is a Canadian exploration expense and would be (i) described in paragraph (f) of the definition Canadian exploration expense in subsection 66.1(6) if the expression mineral resource in that paragraph were defined to mean a mineral deposit from which the principal mineral to be extracted is diamond, a base or precious metal deposit, or a mineral deposit from which the principal mineral to be extracted is an industrial mineral that, when refined, results in a base or precious metal, or (ii) described in paragraph (g), (g.3) or (g.4) and not in paragraph (f), of the definition Canadian exploration expense in subsection 66.1(6) if the expression “mineral resource” in paragraph (g) of that definition were defined to mean a mineral deposit from which the principal mineral to be extracted is diamond, a base or precious metal deposit, or a mineral deposit from which the principal mineral to be extracted is an industrial mineral that, when refined, results in a base or precious metal, and (b) is not an expense that (i) was renounced under subsection 66.1(6.2) to the taxable Canadian corporation except if the corporation is, on the effective date of the renunciation, (A) a corporation that would be a principal business corporation, as defined in subsection 66(15), if that definition were read without reference to its paragraphs (a), (a.1), (f), (h) and (i), and (B) the sole shareholder of the corporation that renounced the expenditure, or (ii) is a member’s share of an expense incurred by a partnership unless the expense was deemed by subsection 66(18) to have been made or incurred at the end of the fiscal period of the partnership by the member and throughout the fiscal period of the partnership in which the expense was incurred (A) each member of the partnership would (otherwise than because of being a member of the partnership) be a “principal-business corporation” as defined in subsection 66(15) of the Act, if that definition were read without reference to its paragraphs (a), (a.1), (f), (h) and (i), and (B) the corporation is a member of the partnership at the time the expenditure is incurred and would not be a specified member of the partnership if the definition specified member in subsection 248(1) were read without reference to its subparagraph (b)(ii), (dépense minière préparatoire) qualified expenditure incurred by a taxpayer in a taxation year means (a) an amount that is an expenditure incurred in the year by the taxpayer in respect of scientific research and experimental development and is (i) an expenditure described in subparagraph 37(1)(a)(i), or (ii) 80% of an expenditure described in any of subparagraphs 37(1)(a)(ii) to (iii), or (b) a prescribed proxy amount of the taxpayer for the year, but does not include (c) a prescribed expenditure incurred in the year by the taxpayer, (f) an expenditure (other than an expenditure that is salary or wages of an employee of the taxpayer) incurred by the taxpayer in respect of scientific research and experimental development to the extent that it is performed by another person or partnership at a time when the taxpayer and the person or partnership to which the expenditure is paid or payable do not deal with each other at arm’s length, (g) an expenditure described in paragraph 37(1)(a) that is paid or payable by the taxpayer to or for the benefit of a person or partnership that is not a taxable supplier in respect of the expenditure, other than an expenditure in respect of scientific research and experimental development directly undertaken by the taxpayer, and (h) an amount that would otherwise be a qualified expenditure incurred by the taxpayer in the year to the extent of any reduction in respect of the amount that is required under any of subsections 127(18) to 127(20) to be applied; (dépense admissible) qualified professional engineer or professional geoscientist means an individual who (a) is an engineer or geoscientist with a university degree, or equivalent accreditation, in an area of geoscience, or engineering, relating to mineral exploration or mining, (b) has at least five years of experience in mineral exploration, mine development or operation, or mineral project assessment, or any combination of those, that is relevant to their professional degree or area of practice, (c) has experience relevant to the subject matter of the exploration plan and the certification described in paragraph (e) of the definition flow-through critical mineral mining expenditure, and (d) is registered and in good standing with a professional association that has the authority or recognition by law of a jurisdiction in Canada to regulate the profession of engineering or geoscience in (i) the jurisdiction where the property that is the subject of the exploration plan is located, or qualified property, of a taxpayer, means property (other than a qualified resource property) that is (a) a prescribed building to the extent that it is acquired by the taxpayer after June 23, 1975, (b) prescribed machinery and equipment acquired by the taxpayer after June 23, 1975, or (b.1) prescribed energy generation and conservation property acquired by the taxpayer after March 28, 2012, that has not been used, or acquired for use or lease, for any purpose whatever before it was acquired by the taxpayer and that is (c) to be used by the taxpayer in Canada primarily for the purpose of (i) manufacturing or processing goods for sale or lease, (ii) farming or fishing, (c.1) property (other than property described in paragraph (b.1)) to be used by the taxpayer in Canada primarily for the purpose of producing or processing electrical energy or steam in a prescribed area, if (i) all or substantially all of the energy or steam (A) is used by the taxpayer for the purpose of gaining or producing income from a business (other than the business of selling the product of the particular property), or (B) is sold directly (or indirectly by way of sale to a provincially regulated power utility operating in the prescribed area) to a person related to the taxpayer, and (ii) the energy or steam is used by the taxpayer or the person related to the taxpayer primarily for the purpose of manufacturing or processing goods in the prescribed area for sale or lease, (d) to be leased by the taxpayer to a lessee (other than a person exempt from tax under this Part because of section 149) who can reasonably be expected to use the property in Canada primarily for any of the purposes referred to in paragraph (c), but this paragraph does not apply to property that is prescribed for the purposes of paragraph (b) or (b.1) unless (i) the property is leased in the ordinary course of carrying on a business in Canada by a corporation whose principal business is leasing property, lending money, purchasing conditional sales contracts, accounts receivable, bills of sale, chattel mortgages or hypothecary claims on movables, bills of exchange or other obligations representing all or part of the sale price of merchandise or services, or any combination thereof, (ii) the property is manufactured and leased in the ordinary course of carrying on business in Canada by a corporation whose principal business is manufacturing property that it sells or leases, (iii) the property is leased in the ordinary course of carrying on business in Canada by a corporation whose principal business is selling or servicing property of that type, or (iv) the property is a fishing vessel, including the furniture, fittings and equipment attached to it, leased by an individual (other than a trust) to a corporation, controlled by the individual, that carries on a fishing business in connection with one or more commercial fishing licences issued by the Government of Canada to the individual, and, for the purpose of this definition, Canada includes the offshore region prescribed for the purpose of the definition specified percentage; (bien admissible) qualified resource property, of a taxpayer, means property that is a prescribed building or prescribed machinery and equipment, that is acquired by the taxpayer after March 28, 2012, that has not been used, or acquired for use or lease, for any purpose whatever before it was acquired by the taxpayer and that is (a) to be used by the taxpayer in Canada primarily for the purpose of (i) operating an oil or gas well or extracting petroleum or natural gas from a natural accumulation of petroleum or natural gas, (ii) extracting minerals from a mineral resource, (A) ore (other than iron ore or tar sands ore) from a mineral resource to any stage that is not beyond the prime metal stage or its equivalent, (B) iron ore from a mineral resource to any stage that is not beyond the pellet stage or its equivalent, or (C) tar sands ore from a mineral resource to any stage that is not beyond the crude oil stage or its equivalent, (v) processing heavy crude oil recovered from a natural reservoir in Canada to a stage that is not beyond the crude oil stage or its equivalent, (vi) Canadian field processing, (b) to be leased by the taxpayer to a lessee (other than a person exempt from tax under this Part because of section 149) who can reasonably be expected to use the property in Canada primarily for any of the purposes referred to in paragraph (a), but this paragraph does not apply to prescribed machinery and equipment unless (i) the property is leased in the ordinary course of carrying on a business in Canada by a corporation whose principal business is any of, or a combination of, leasing property, lending money, purchasing conditional sales contracts, accounts receivable, bills of sale, chattel mortgages or hypothecary claims on movables, bills of exchange or other obligations representing all or part of the sale price of merchandise or services, (ii) the property is manufactured and leased in the ordinary course of carrying on business in Canada by a corporation whose principal business is manufacturing property that it sells or leases, or (iii) the property is leased in the ordinary course of carrying on business in Canada by a corporation the principal business of which is selling or servicing property of that type, second term shared-use-equipment of a taxpayer means property of the taxpayer that was first term shared-use-equipment of the taxpayer and that is used by the taxpayer, during its operating time in the period (in this subsection and subsection 127(11.1) referred to as the “second period”) beginning at the time the property was acquired by the taxpayer and ending at the end of the taxpayer’s first taxation year ending at least 24 months after that time, primarily for the prosecution of scientific research and experimental development in Canada; (matériel à vocations multiples de deuxième période) (ii) acquired before April, 1977, 5%, (ii) acquired after March 31, 1977 and before November 17, 1978 primarily for use in (A) the Province of Nova Scotia, New Brunswick, Prince Edward Island or Newfoundland or the Gaspé Peninsula, 10%, (B) a prescribed designated region, 7 1/2%, and (C) any other area in Canada, 5%, (iii) acquired primarily for use in the Province of Nova Scotia, New Brunswick, Prince Edward Island or Newfoundland or the Gaspé Peninsula, (A) after November 16, 1978 and before 1989, 20%, (B) after 1988 and before 1995, 15%, (C) after 1994, 15% where the property (I) is acquired by the taxpayer under a written agreement of purchase and sale entered into by the taxpayer before February 22, 1994, (II) was under construction by or on behalf of the taxpayer on February 22, 1994, or (III) is machinery or equipment that will be a fixed and integral part of property under construction by or on behalf of the taxpayer on February 22, 1994, and (D) after 1994, 10% where the property is not property to which clause (C) applies, (iv) acquired after November 16, 1978 and before February 26, 1986 primarily for use in a prescribed offshore region, 7%, (v) acquired primarily for use in a prescribed offshore region and (A) after February 25, 1986 and before 1989, 20%, (B) after 1988 and before 1995, 15%, (C) after 1994, 15% where the property (I) is acquired by the taxpayer under a
The Minister may (a) obtain the advice of the appropriate minister for the purposes of the Regional Development Incentives Act, chapter R-3 of the Revised Statutes of Canada, 1970, as to whether any property is property as described in paragraph (b) of the definition certified property in subsection 127(9); (b) obtain a certificate from the appropriate minister for the purposes of the Regional Development Incentives Act certifying that any property specified therein is property as described in paragraph (b) of that definition; or (c) provide advice to the member of the Queen’s Privy Council for Canada appointed to be the Minister for the purposes of the Atlantic Canada Opportunities Agency Act as to whether any property qualifies for certification under the definition approved project property in subsection 127(9). Additions to investment tax credit (10.1) For the purposes of paragraph (e) of the definition investment tax credit in subsection (9), if a corporation was throughout a taxation year a Canadian-controlled private corporation, there shall be added in computing the corporation’s investment tax credit at the end of the year the amount that is 20% of the least of (a) such amount as the corporation claims; (b) the amount by which the corporation’s SR&ED qualified expenditure pool at the end of the year exceeds the total of all amounts each of which is the super-allowance benefit amount for the year in respect of the corporation in respect of a province; and (c) the corporation’s expenditure limit for the year. (10.2) For the purpose of subsection (10.1), a particular corporation’s expenditure limit for a particular taxation year is the amount determined by the formula (a) nil, if the following amount is less than or equal to $10 million: (i) if the particular corporation is not associated with any other corporation in the particular taxation year, the amount that is its taxable capital employed in Canada (within the meaning assigned by section 181.2 or 181.3) for its immediately preceding taxation year, and (ii) if the particular corporation is associated with one or more other corporations in the particular taxation year, the amount that is the total of all amounts, each of which is the taxable capital employed in Canada (within the meaning assigned by section 181.2 or 181.3) of the particular corporation for its, or of one of the other corporations for its, last taxation year that ended in the last calendar year that ended before the end of the particular taxation year, and (b) in any other case, the lesser of $40 million and the amount by which the amount determined under subparagraph (a)(i) or (ii), as the case may be, exceeds $10 million. Expenditure limits — associated CCPCs (10.21) Notwithstanding subsection (10.2), the expenditure limit for a taxation year of a corporation that is associated in the taxation year with one or more other Canadian-controlled private corporations is, except as otherwise provided in this section, nil. Deemed non-association of corporations (10.22) If a particular Canadian-controlled private corporation is associated with another corporation in circumstances where those corporations would not be associated if the Act were read without reference to paragraph 256(1.2)(a), the particular corporation has issued shares to one or more persons who have issued shares by the other corporation and there is at least one shareholder of the particular corporation who is not a shareholder of the other corporation or one shareholder of the other corporation who is not a shareholder of the particular corporation, the particular corporation is deemed not to be associated with the other corporation for the purpose of determining the particular corporation’s expenditure limit under subsection (10.2). (10.23) Subsection (10.22) applies to the particular corporation and the other corporation referred to in that subsection only if the Minister is satisfied that (a) the particular corporation and the other corporation are not otherwise associated under the Act; and (b) the existence of one or more shareholders of the particular corporation who is not a shareholder of the other corporation, or the existence of one or more shareholders of the other corporation who is not a shareholder of the particular corporation, is not for the purpose of satisfying the requirements of subsection (10.22) or 127(1.2). Associated corporations (10.3) If all of the Canadian-controlled private corporations that are associated with each other in a taxation year file with the Minister in prescribed form an agreement whereby, for the purpose of subsection 127(10.1), they allocate an amount to one or more of them for the year and the amount so allocated or the total of the amounts so allocated, as the case may be, does not exceed the amount determined for the year by the formula in subsection 127(10.2), the expenditure limit for the year of each of the corporations is the amount so allocated to it. Failure to file agreement (10.4) If any of the Canadian-controlled private corporations that are associated with each other in a taxation year fails to file with the Minister an agreement as contemplated by subsection 127(10.3) within 30 days after notice in writing by the Minister is forwarded to any of them that such an agreement is required for the purposes of this Part, the Minister shall, for the purpose of subsection 127(10.1), allocate an amount to one or more of them for the year, which amount or the total of which amounts, as the case may be, shall equal the amount determined for the year by the formula in subsection 127(10.2), and in any such case the expenditure limit for the year of each of the corporations is the amount so allocated to it. Expenditure limit determination in certain cases (a) where a Canadian-controlled private corporation (in this paragraph referred to as the “first corporation”) has more than one taxation year ending in the same calendar year and it is associated in two or more of those taxation years with another Canadian-controlled private corporation that has a taxation year ending in that calendar year, the expenditure limit of the first corporation for each taxation year in which it is associated with the other corporation ending in that calendar year is, subject to the application of paragraph 127(10.6)(b), an amount equal to its expenditure limit for the first such taxation year determined without reference to paragraph 127(10.6)(b); and (b) where a Canadian-controlled private corporation has a taxation year that is less than 51 weeks, its expenditure limit for the year is that proportion of its expenditure limit for the year determined without reference to this paragraph that the number of days in the year is of 365. Further additions to investment tax credit (10.7) Where a taxpayer has in a particular taxation year repaid an amount of government assistance, non-government assistance or a contract payment that was applied to reduce (a) the amount of a qualified expenditure incurred by the taxpayer under paragraph 127(11.1)(c) for a preceding taxation year that began before 1996, (b) the prescribed proxy amount of the taxpayer under paragraph 127(11.1)(f) for a preceding taxation year that began before 1996, or (c) a qualified expenditure incurred by the taxpayer under any of subsections 127(18) to 127(20) for a preceding taxation year, there shall be added to the amount otherwise determined under subsection 127(10.1) in respect of the taxpayer for the particular year the amount, if any, by which (d) the amount that would have been determined under subsection 127(10.1) in respect of the taxpayer for that preceding year if subsections 127(11.1) and 127(18) to 127(20) had not applied and if any government assistance, non-government assistance or contract payment, as the case may be, to the extent of the amount so repaid, (e) the amount determined under subsection 127(10.1) in respect of the taxpayer for that preceding year. Further additions to investment tax credit (10.8) For the purposes of paragraph (e.1) of the definition investment tax credit in subsection 127(9), subsection 127(10.7) and paragraph 37(1)(c), an amount of government assistance, non-government assistance or a contract payment that (a) was applied to reduce (ii) the amount of a qualified expenditure incurred by a taxpayer under paragraph 127(11.1)(c) for taxation years that began before 1996, (iii) the prescribed proxy amount of a taxpayer under paragraph 127(11.1)(f) for taxation years that began before 1996, or (iv) a qualified expenditure incurred by a taxpayer under any of subsections 127(18) to 127(20), (b) was not received by the taxpayer, and (c) ceased in a taxation year to be an amount that the taxpayer can reasonably be expected to receive, is deemed to be the amount of a repayment by the taxpayer in the year of the government assistance, non-government assistance or contract payment, as the case may be.
où il doit recevoir le premier de ces paiements en vertu du contrat. (annual annuity amount) paiement admissible Paiement unique effectué avant le 13 novembre 1981 (ou effectué le ou après le 13 novembre 1981 conformément à une convention écrite conclue avant cette date et prévoyant un tel paiement à l’égard de son année d’imposition 1981, ou conformément à un arrangement écrit fait au plus tard à cette date et prévoyant la retenue de fonds, avant 1982, sur une quelconque des rémunérations du particulier visées à l’alinéa (1)b) qui a été gagnée ou reçue avant le 13 novembre 1981 et versée par le particulier ou pour son compte). (qualifying payment) [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir lois et règlements modificatifs appropriés:] 1977-71-2, c. 63, s. 1 “61”; 1973-74, c. 14, s. 17, c. 5, s. 19; 1975-76, c. 48, s. 3; 1976-77, c. 4, s. 18; 1977-78, c. 15, s. 26; 101(7); 1979, c. 5, s. 18; 1980-81-82-83, c. 48, s. 3; 40, c. 140, s. 30. Cessation d’un contrat de rente à versements invariables
For the purposes of the definitions qualified property and qualified resource property in subsection (9), (a) manufacturing or processing does not include any of the activities (ii) that would be referred to in paragraph (f) of that definition if that paragraph were read without reference to the expression “located in Canada”, (iii) that would be referred to in paragraph (j) of that definition if that paragraph were read without reference to the expression “in Canada”, or (iv) that would be referred to in paragraph (k) of that definition if the definition Canadian field processing in subsection 248(1) were read without reference to the expression “in Canada”; and (b) for greater certainty, the purposes referred to in paragraph (e) of the definition qualified property and paragraph (a) of the definition qualified resource property in subsection (9) do not include (i) storing (other than the storing of grain), shipping, selling or leasing finished goods, (iii) administration, including clerical and personnel activities, (iv) purchase and resale operations, (vi) providing facilities for employees, including cafeterias, clinics and recreational facilities. Investment tax credit (a) the capital cost to a taxpayer of a property shall be computed as if no amount were added thereto by virtue of section 21; (b) the capital cost to a taxpayer of a property shall be deemed to be the capital cost to the taxpayer of the property, determined without reference to subsections 13(7.1) and 13(7.4), less the amount of any government assistance or non-government assistance that can reasonably be considered to be in respect of, or for the acquisition of, the property and that, at the time of the filing of the taxpayer’s return of income under this Part for the taxation year in which the property was acquired, the taxpayer has received, is entitled to receive or can reasonably be expected to receive; (c.1) the amount of a taxpayer’s qualified Canadian exploration expenditure for a taxation year shall be deemed to be the amount of the taxpayer’s qualified Canadian exploration expenditure for the year as otherwise determined less the amount of any government assistance, non-government assistance or contract payment (other than assistance under the Petroleum Incentives Program Act or the Petroleum Incentives Program Act, Chapter P-4.1 of the Statutes of Alberta, 1981) in respect of expenditures included in determining the taxpayer’s qualified Canadian exploration expenditure for the year that, at the time of the filing of the taxpayer’s return of income for the year, the taxpayer has received, is entitled to receive or can reasonably be expected to receive; (c.2) the amount of a taxpayer’s flow-through mining expenditure for a taxation year is deemed to be the amount of the taxpayer’s flow-through mining expenditure for the year as otherwise determined less the amount of any government assistance or non-government assistance in respect of expenses included in determining the taxpayer’s flow-through mining expenditure for the year that, at the time of the filing of the taxpayer’s return of income for the year, the taxpayer has received, is entitled to receive or can reasonably be expected to receive; (c.21) the amount of a taxpayer’s flow-through critical mineral mining expenditure for a taxation year is deemed to be the amount of the taxpayer’s flow-through critical mineral mining expenditure for the year as otherwise determined less the amount of any government assistance or non-government assistance in respect of expenses included in determining the taxpayer’s flow-through critical mineral mining expenditure for the year that, at the time of the filing of the taxpayer’s return of income for the year, the taxpayer has received, is entitled to receive or can reasonably be expected to receive; taxpayer has received, is entitled to receive or can reasonably be expected to receive; (c.3) the amount of a taxpayer’s pre-production mining expenditure for a taxation year is deemed to be the amount of the taxpayer’s pre-production mining expenditure for the year as otherwise determined less the amount of any government assistance or non-government assistance in respect of expenses included in determining the taxpayer’s pre-production mining expenditure for the year that, at the time of the filing of the taxpayer’s return of income for the year, the taxpayer has received, is entitled to receive or can reasonably be expected to receive; (c.4) the amount of a taxpayer’s eligible salary and wages for a taxation year is deemed to be the amount of the taxpayer’s eligible salary and wages for the year otherwise determined less the amount of any government assistance or non-government assistance in respect of the eligible salary and wages for the year that, at the time of the filing of the taxpayer’s return of income for the year, the taxpayer has received, is entitled to receive or can reasonably be expected to receive; and (d) where at a particular time a taxpayer who is a beneficiary of a trust or a member of a partnership has received, is entitled to receive or can reasonably be expected to receive government assistance, non-government assistance or a contract payment, the amount thereof that may reasonably be considered to be in respect of, or for the acquisition of, depreciable property of the trust or partnership or in respect of an expenditure by the trust or partnership shall be deemed to have been received at that time by the trust or partnership, as the case may be, as government assistance, non-government assistance or as a contract payment in respect of the property or the expenditure, as the case may be. Time of acquisition (11.2) In applying subsections (5), (7) and (8), paragraphs (a) and (a.1) of the definition investment tax credit in subsection (9) and section 127.1, qualified property and qualified resource property are deemed not to have been acquired by a taxpayer before the property is considered to have become available for use by the taxpayer, determined without reference to paragraphs 13(27)(c) and (28)(d). (11.3) For the purposes of the definition **approved project property** in subsection 127(9), a property that has been certified by the Minister of Regional Industrial Expansion, the Minister of Industry, Science and Technology or the member of the Queen’s Privy Council for Canada appointed to be the Minister for the purposes of the **Atlantic Canada Opportunities Agency Act** may have its certification revoked by the latter Minister where (a) an incorrect statement was made in the furnishing of information for the purpose of obtaining the certificate, or (b) the taxpayer does not conform to the plan described in that definition, and a certificate that has been so revoked shall be void from the time of its issue. Special rule for eligible salary and wages — apprentices (11.4) For the purpose of the definition **eligible salary and wages** in subsection (9), the eligible salary and wages payable by a taxpayer in a taxation year to an eligible apprentice in respect of the eligible apprentice’s employment in the taxation year is, if the eligible apprentice is employed by any other taxpayer who is related to the taxpayer (including a partnership that has a member that is related to the taxpayer) in the calendar year that includes the end of the taxpayer’s taxation year, deemed to be nil unless the taxpayer is designated in prescribed form by all of those related taxpayers to be the only employer of the eligible apprentice for the purpose of the taxpayer applying that definition to the salary and wages payable by the taxpayer to the eligible apprentice in that taxation year, in which case (a) the eligible salary and wages payable by the taxpayer in the taxation year to the eligible apprentice in respect of the eligible apprentice’s employment in the taxation year shall be the amount determined without reference to this subsection; and (b) the eligible salary and wages payable to the eligible apprentice by each of the other related taxpayers in their respective taxation years that end in the calendar year is deemed to be nil. (11.5) For the purposes of the definition qualified expenditure in subsection (9), the amount of an expenditure (other than a prescribed proxy amount) incurred by a taxpayer in a taxation year is deemed to be the amount of the expenditure determined under subsection (11.6). (a) a taxpayer would, if this Act were read without reference to subsection 127(26), incur at any time an expenditure as consideration for a person or partnership (referred to in this subsection as the “supplier”) rendering a service (other than a service rendered by a person as an employee of the taxpayer) or providing a property to the taxpayer, and (b) at that time the taxpayer does not deal at arm’s length with the supplier, the amount of the expenditure incurred by the taxpayer for the service or property and the cost to the taxpayer of the property are deemed to be (c) in the case of a service rendered to the taxpayer, the lesser of (i) the amount of the expenditure otherwise incurred by the taxpayer for the service, and (ii) the adjusted service cost to the supplier of rendering the service, and (i) the cost to the taxpayer of the property otherwise determined, and (ii) the adjusted selling cost to the supplier of the property. (11.7) The definitions in this subsection apply in this subsection and subsection 127(11.6). adjusted service cost to a person or partnership (referred to in this definition as the “supplier”) of rendering a particular service is the amount determined by the formula: is the cost to the supplier of rendering the particular service, is the total of all amounts each of which is the amount, if any, by which (a) the cost to the supplier for a service (other than a service rendered by a person as an employee of the supplier) rendered by a person or partnership that does not deal at arm’s length with the supplier to the extent that the cost is incurred for the purpose of rendering the particular service exceeds (b) the adjusted service cost to the person or partnership referred to in paragraph (a) of rendering the service referred to in that paragraph to the supplier, is the total of all amounts each of which is the amount, if any, by which (a) the cost to the supplier of a property acquired by the supplier from a person or partnership that does not deal at arm’s length with the supplier exceeds (b) the adjusted selling cost to the person or partnership referred to in paragraph (a) of the property, to the extent that the excess relates to the cost of rendering the particular service, is the total of all amounts each of which is remuneration based on profits or a bonus paid or payable to an employee of the supplier to the extent that it is included in the cost to the supplier of rendering the particular service, and is the total of all amounts each of which is government assistance or non-government assistance that can reasonably be considered to be in respect of rendering the particular service and that the supplier has received, is entitled to receive or can reasonably be expected to receive. (coût de service rajusté) adjusted selling cost to a person or partnership (referred to in this definition as the “supplier”) of a property is the amount determined by the formula (a) where the property is purchased from another person or partnership with which the supplier does not deal at arm’s length, the lesser of (i) the cost to the supplier of the property, and (ii) the adjusted selling cost to the other person or partnership of the property, and (b) in any other case, the cost to the supplier of the property, and for the purpose of paragraph (b), (c) where part of the cost to a supplier of a particular property is attributable to another property acquired by the supplier from a person or partnership with which the supplier does not deal at arm’s length, that part of the cost is deemed to be the lesser of (i) the amount of that part of the cost otherwise determined, and (ii) the adjusted selling cost to the person or the partnership of the other property, (d) where part of the cost to a supplier of a property is attributable to a service (other than a service rendered by a person as an employee of the supplier) rendered to the supplier by a person or partnership with which the supplier does not deal at arm’s length, that part of the cost is deemed to be the lesser of (i) the amount of that part of the cost otherwise determined, and (ii) the adjusted service cost to the person or partnership of rendering the service, and (e) no part of the cost to a supplier of a property that is attributable to remuneration based on profits or a bonus paid or payable to an employee of the supplier shall be included, and B is the total of all amounts each of which is the amount of government assistance or non-government assistance that can reasonably be considered to be in respect of the property and that the supplier has received, is entitled to receive or can reasonably be expected to receive. (coût de vente rajusté) (a) the cost to a person or partnership (referred to in this paragraph as the “supplier”) of rendering a service or providing a property to another person or partnership (referred to in this paragraph as the “recipient”) with which the supplier does not deal at arm’s length does not include, (i) where the cost to the recipient of the service rendered or property provided by the supplier would, but for this paragraph, be a cost to the recipient incurred in rendering a particular service or providing a particular property to a person or partnership with which the recipient does not deal at arm’s length, any expenditure of the supplier to the extent that it would, if it were incurred by the recipient in rendering the particular service or providing the particular property, be excluded from a cost to the recipient because of this paragraph, and (ii) in any other case, any expenditure of the supplier to the extent that it would, if it were incurred by the recipient, not be a qualified expenditure of the recipient; and (b) paragraph 69(1)(c) does not apply in determining the cost of a property.
Maintien des paiements après le décès
For the purposes of subsection 13(7.1), where, pursuant to a designation or an allocation from a trust or partnership, an amount is required by subsection 127(7) or 127(8) to be added in computing the investment tax credit of a taxpayer at the end of the taxpayer’s taxation year, the portion thereof that can reasonably be considered to relate to depreciable property shall be deemed to have been made by the partnership or trust, as the case may be, at the end of its fiscal period in respect of which the designation or allocation was made as assistance from a government for the acquisition of depreciable property. (12.1) For the purposes of section 37, where, pursuant to a designation or an allocation from a trust or partnership, an amount is required by subsection 127(7) or 127(8) to be added in computing the investment tax credit of a taxpayer at the end of the taxpayer’s taxation year, the portion thereof that may reasonably be regarded as relating to expenditures of a current nature in respect of scientific research and experimental development that are qualified expenditures shall, at the end of the fiscal period of the trust or partnership, as the case may be, in respect of which the designation or allocation was made, reduce the total of such expenditures of a current nature as may be claimed by the trust or partnership in respect of scientific research and experimental development. (12.2) For the purposes of paragraphs 53(2)(c), 53(2)(h) and 53(2)(k), where in a taxation year a taxpayer has deducted under subsection 127(5) an amount that may reasonably be regarded as attributable to amounts included in computing the investment tax credit of the taxpayer at the end of the year in respect of property acquired, or an expenditure made, in a subsequent taxation year, the taxpayer shall be deemed to have made the deduction under that subsection in that subsequent taxation year. (12.3) For the purposes of the determination of J in the definition cumulative Canadian exploration expense in subsection 66.1(6), where, pursuant to a designation by a trust, an amount is required by subsection 127(7) to be added in computing the investment tax credit of a taxpayer at the end of the taxpayer’s taxation year, the portion thereof that can reasonably be considered to relate to a qualified Canadian exploration expenditure of the trust for a taxation year shall be deemed to have been received by the trust at the end of its taxation year in respect of which the designation was made as assistance from a government in respect of that expenditure. Agreement to transfer qualified expenditures
Lorsqu’un particulier qui était un rentier en vertu d’un contrat de rente à versements invariables décède et que des paiements sont faits par la suite en vertu du contrat, ces paiements sont réputés être des paiements faits en vertu d’un contrat de rente à versements invariables. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir lois et règlements modificatifs appropriés:] 1976-77, c. 4, s. 19. Provision pour remise de dette — particuliers résidant au Canada
Where a taxpayer (referred to in this subsection and subsections 127(15) and 127(16) as the “transferor”) and another taxpayer (referred to in this subsection and subsection 127(15) as the “transferee”) file with the Minister an agreement or an amended agreement in respect of a particular taxation year of the transferor, the least of (b) the amount that but for the agreement would be the transferor’s SR&ED qualified expenditure pool at the end of the particular year, and (c) the total of all amounts each of which is an amount that, if the transferor were dealing at arm’s length with the transferee, would be a contract payment (i) for the performance of scientific research and experimental development for, or on behalf of, the transferee, (ii) that is paid by the transferee to the transferor on or before the day that is 180 days after the end of the particular year, and (iii) that would be in respect of (A) a qualified expenditure that (I) would be incurred by the transferor in the particular year (if this Act were read without reference to subsections 127(26) and 78(4)) in respect of that portion of the scientific research and experimental development that was performed at a time when the transferor did not deal at arm’s length with the transferee, and (II) is paid by the transferor on or before the day that is 180 days after the end of the particular year, or (B) an amount added because of this subsection to the transferor’s SR&ED qualified expenditure pool at the end of the particular year where the amount is attributable to an expenditure in respect of the scientific research and experimental development is deemed to be (e) an amount determined in respect of the transferee for the transferee’s first taxation year that ends at or after the end of the particular year for the purpose of determining the value of B in the definition SR&ED qualified expenditure pool in subsection 127(9), and where the total of all amounts each of which is an amount specified in an agreement filed with the Minister under this subsection in respect of a particular taxation year of a transferor exceeds the amount that would be the transferor’s SR&ED qualified expenditure pool at the end of the particular year if no agreement were filed with the Minister in respect of the particular year, the least of the amounts determined under paragraphs 127(13)(a) to 127(13)(c) in respect of each such agreement is deemed to be nil. Identification of amounts transferred (a) a transferor and a transferee have filed an agreement under subsection 127(13) in respect of a taxation year of the transferor, (b) the agreement includes a statement identifying the amount specified in the agreement for the purpose of subsection 127(13), or a part of that amount, as being related to (i) a particular qualified expenditure included in the value of A in the formula in the definition SR&ED qualified expenditure pool in subsection 127(9) for the purpose of determining the transferor’s SR&ED qualified expenditure pool at the end of the year, or (ii) a particular amount included in the value of B in the formula in that definition for the purpose of determining the transferor’s SR&ED qualified expenditure pool at the end of the year that is deemed by paragraph 127(14)(d) to be a qualified expenditure, and (c) the total of all amounts so identified in agreements filed by the transferor under subsection 127(13) as being related to the particular expenditure or the particular amount does not exceed the particular expenditure or the particular amount, as the case may be, for the purposes of this section (other than the description of A in the definition SR&ED qualified expenditure pool in subsection 127(9)) and section 127.1, (d) the amount so identified that is included in the value of B in the formula in that definition for the purpose of determining the transferee’s SR&ED qualified expenditure pool at the end of the taxation year of the transferee is deemed to be a qualified expenditure either of a current nature or of a capital nature, incurred by the transferee in that year, where the particular expenditure or the particular amount was an expenditure of a current nature or of a capital nature, as the case may be, and (e) except for the purpose of paragraph 127(14)(b), the amount of the transferor’s qualified expenditures of a current nature incurred in the taxation year of the transferor in respect of which the agreement is made is deemed not to exceed the amount by which the amount of such expenditures otherwise determined exceeds the total of all amounts identified under paragraph 127(14)(b) by the transferor in agreements filed under subsection 127(13) in respect of the year as being related to expenditures of a current nature. Invalid agreements
A + B - 0,2(C - 40 000 $) où : Income Tax PART I Income Tax DIVISION B Computation of Income
An agreement or amended agreement referred to in subsection 127(13) between a transferor and a transferee is deemed not to have been filed with the Minister for the purpose of that subsection where (a) it is not in prescribed form; (b) it is not filed (i) on or before the transferor’s filing-due date for the particular taxation year to which the agreement relates, (ii) in the period within which the transferor may serve a notice of objection to an assessment of tax payable under this Part for the particular year, or (iii) in the period within which the transferee may serve a notice of objection to an assessment of tax payable under this Part for its first taxation year that ends at or after the end of the transferor’s particular year; (c) it is not accompanied by, (i) where the transferor is a corporation and its directors are legally entitled to administer its affairs, a certified copy of their resolution authorizing the agreement to be made, (ii) where the transferor is a corporation and its directors are not legally entitled to administer its affairs, a certified copy of the document by which the person legally entitled to administer its affairs authorized the agreement to be made, (iii) where the transferee is a corporation and its directors are legally entitled to administer its affairs, a certified copy of their resolution authorizing the agreement to be made, and (iv) where the transferee is a corporation and its directors are not legally entitled to administer its affairs, a certified copy of the document by which the person legally entitled to administer its affairs authorized the agreement to be made; or (d) an agreement amending the agreement has been filed in accordance with subsection 127(13) and this subsection, except where subsection 127(16) applies to the original agreement. Non-arm’s length parties
exceeds exceeds Income Tax PART I Income Tax DIVISION B Computation of Income
Where a taxpayer does not deal at arm’s length with another taxpayer as a result of a transaction, event or arrangement, or a series of transactions or events, the principal purpose of which can reasonably be considered to have been to enable the taxpayers to enter into an agreement referred to in subsection 127(13), for the purpose of paragraph 127(13)(e) the least of the amounts determined under paragraphs 127(13)(a) to 127(13)(c) in respect of the agreement is deemed to be nil. Assessment
A - 2(B - C - D - E) where Impôt sur le revenu
Notwithstanding subsections 152(4) and 152(5), such assessment of the tax, interest and penalties payable by any taxpayer in respect of any taxation year that began before the day an agreement or amended agreement is filed under subsection 127(13) or 127(20) shall be made as is necessary to take into account the agreement or the amended agreement. Reduction of qualified expenditures
Where on or before the filing-due date for a taxation year of a person or partnership (referred to in this subsection as the “taxpayer”) the taxpayer has received, is entitled to receive or can reasonably be expected to receive a particular amount that is government assistance, non-government assistance or a contract payment that can reasonably be considered to be in respect of scientific research and experimental development, the amount by which the particular amount exceeds all amounts applied for preceding taxation years under this subsection or subsection 127(19) or 127(20) in respect of the particular amount shall be applied to reduce the taxpayer’s qualified expenditures otherwise incurred in the year that can reasonably be considered to be in respect of the scientific research and experimental development. Reduction of qualified expenditures
Where on or before the filing-due date for a taxation year of a person or partnership (referred to in this subsection as the “recipient”) the recipient has received, is entitled to receive or can reasonably be expected to receive a particular amount that is government assistance, non-government assistance or a contract payment that can reasonably be considered to be in respect of scientific research and experimental development and the particular amount exceeds the total of (b) the total of all amounts each of which would be a qualified expenditure that is incurred in the year by the recipient and that can reasonably be considered to be in respect of the scientific research and experimental development if subsection 127(18) did not apply to the particular amount, and (c) the total of all amounts each of which would, but for the application of this subsection to the particular amount, be a qualified expenditure (i) that was incurred by a person or partnership in a taxation year of the person or partnership that ended in the recipient’s taxation year, and (ii) that can reasonably be considered to be in respect of the scientific research and experimental development to the extent that it was performed by the person or partnership at a time when the person or partnership was not dealing at arm’s length with the recipient, the particular amount shall be applied to reduce each qualified expenditure otherwise determined that is referred to in paragraph 127(19)(c). Agreement to allocate (a) on or before the filing-due date for a taxation year of a person or partnership (referred to in this subsection and subsection 127(22) as the “taxpayer”) the taxpayer has received, is entitled to receive or can reasonably be expected to receive a particular amount that is government assistance, non-government assistance or a contract payment that can reasonably be considered to be in respect of scientific research and experimental development, (b) subsection 127(19) does not apply to the particular amount in respect of the year, and (c) the taxpayer and a person or partnership (referred to in this subsection and subsection 127(22) as the “transferee”) with which the taxpayer does not deal at arm’s length file an agreement or amended agreement with the Minister, the lesser of (e) the total of all amounts each of which would, but for the agreement, be a qualified expenditure (i) that was incurred by the transferee in a particular taxation year of the transferee that ended in the taxpayer’s taxation year, and (ii) that can reasonably be considered to be in respect of the scientific research and experimental development, to the extent that it was performed by the transferee at a time when the transferee and the taxpayer were not dealing at arm’s length, (ii) that can reasonably be considered to be in respect of the scientific research and experimental development to the extent that it was performed by the transferee at a time when the transferee was not dealing at arm’s length with the taxpayer shall be applied to reduce the qualified expenditures otherwise determined that are described in paragraph 127(20)(e).
Where on or before the filing-due date for a taxation year of a person or partnership (referred to in this subsection as the “recipient”) the recipient has received, is entitled to receive or can reasonably be expected to receive a particular amount that is government assistance, non-government assistance or a contract payment that can reasonably be considered to be in respect of scientific research and experimental development and subsection 127(19) does not apply to the particular amount in respect of the year, the lesser of (a) the total of all amounts each of which is a qualified expenditure (i) that was incurred by a particular person or partnership in a taxation year of the particular person or partnership that ended in the recipient’s taxation year, and (ii) that can reasonably be considered to be in respect of the scientific research and experimental development to the extent that it was performed by the particular person or partnership at a time when the particular person or partnership was not dealing at arm’s length with the recipient, and (b) the amount, if any, by which the particular amount exceeds the total of amounts applied for the year and preceding taxation years under subsection 127(18), 127(19) or 127(20) in respect of the particular amount is deemed for the purposes of this section to be an amount of government assistance received at the end of the particular year by the particular person or partnership in respect of the scientific research and experimental development. Invalid agreements
(ii) le total des montants déduits par l’effet de l’alinéa 80(5)a) dans le calcul du revenu de la société pour l’année; b) le résultat du calcul suivant : A - 2(B - C - D - E) où : A représente le montant déterminé selon l’alinéa a) relativement à la société pour l’année, B le total des montants suivants : (i) la juste valeur marchande des actifs de la société à la fin de l’année, (ii) les montants payés avant la fin de l’année au titre de l’impôt payable par la société en vertu de la présente partie ou de l’une des parties I.3, II, VI et XIV pour l’année ou au titre d’un impôt semblable payable pour l’année en vertu d’une loi provinciale, (iii) le total des montants payés par la société au cours de la période de douze mois précédant la fin de l’année à une personne avec laquelle elle a un lien de dépendance : (A) à titre de dividende, sauf un dividende en actions, (B) soit lors de la réduction du capital versé au titre d’une catégorie d’actions de son capital-actions, (C) soit lors du rachat, de l’acquisition ou de l’annulation de ses actions, (D) soit à titre de distribution ou d’attribution effectuée de quelque façon que ce soit aux actionnaires d’une catégorie de son capital-actions ou à leur profit, dans la mesure où il n’est pas raisonnable de considérer que la distribution ou l’attribution a donné lieu à une réduction de l’élément C, déterminé par ailleurs relativement à la société pour l’année, C le passif total de la société à la fin de l’année, déterminé compte non tenu de son assujettissement à l’impôt payable en vertu de la présente partie ou de l’une des parties I.3, II, VI et XIV pour l’année ou à un impôt semblable payable pour l’année en vertu d’une loi provinciale; à cette fin : (i) la méthode de comptabilisation à la valeur de consolidation et la consolidation ne peuvent être utilisées, (ii) sous réserve du sous-alinéa (i) et sauf disposition contraire prévue au présent élément, exceeds le passif total de la société est considéré comme l’un des montants suivants : (A) lorsque la société n’est pas une compagnie d’assurance, une coopérative de crédit fédérale ou une banque et lorsque les divisions (B) ou (C) s’appliquent et que le bilan à la fin de l’année a été dressé conformément aux principes comptables généralement reconnus et présenté aux actionnaires de la société, le passif total indiqué dans ce bilan, (B) lorsque la société est une banque, une coopérative de crédit fédérale ou une compagnie d’assurance qui est tenue de faire rapport au surintendant des institutions financières et que le bilan à la fin de l’année a été accepté par le surintendant, le passif total indiqué dans ce bilan, (C) lorsque la société est une compagnie d’assurance qui est tenue de faire rapport au surintendant des assurances ou un autre agent ou autorité semblable de la province où elle est régie et que le bilan à la fin de l’année a été accepté par cet agent ou cette autorité, le passif total indiqué dans ce bilan, (D) dans les autres cas, le montant qui représenterait le passif total de la société à la fin de l’année dans un bilan dressé conformément aux principes comptables généralement reconnus, D le total des montants représentant chacun le principal à la fin de l’année d’une action privilégiée de renflouement, au sens du paragraphe 80(1), émise par la société, E 50 % de l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le montant qui représenterait le revenu de la société pour l’année si ce montant était déterminé compte non tenu du présent article et de l’article 61.4, (ii) le montant déterminé selon l’alinéa a) relativement à la société pour l’année. Provision pour insolvabilité — sociétés non-résidentes
An agreement or amended agreement referred to in subsection 127(20) between a taxpayer and a transferee is deemed not to have been filed with the Minister where (a) it is not in prescribed form; (b) it is not filed (i) on or before the taxpayer’s filing-due date for the particular taxation year to which the agreement relates, (ii) in the period within which the taxpayer may serve a notice of objection to an assessment of tax payable under this Part for the particular year, or (iii) in the period within which the transferee may serve a notice of objection to an assessment of tax payable under this Part for its first taxation year that ends at or after the end of the taxpayer’s particular year; (c) it is not accompanied by, (i) where the taxpayer is a corporation and its directors are legally entitled to administer its affairs, a certified copy of their resolution authorizing the agreement to be made, (ii) where the taxpayer is a corporation and its directors are not legally entitled to administer its affairs, a certified copy of the document by which the person legally entitled to administer its affairs authorized the agreement to be made, (iii) where the transferee is a corporation and its directors are legally entitled to administer its affairs, a certified copy of their resolution authorizing the agreement to be made, and (iv) where the transferee is a corporation and its directors are not legally entitled to administer its affairs, a certified copy of the document by which the person legally entitled to administer its affairs authorized the agreement to be made; or (d) an agreement amending the agreement has been filed in accordance with subsection 127(20) and this subsection.
Le moins élevé des montants suivants est à déduire dans le calcul du revenu, pour une année d’imposition, d’une société non-résidente au cours de l’année : a) l’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : exceeds A - 2(B - C - D - E) where exceeds NOTE: Application provisions are not included in the consolidated text; see relevant amendments and application provisions; 1995, c. 21, s. 20; 1998, c. 19, s. 101; 2010, c. 12, s. 2108. la distribution ou l’attribution a donné lieu à une réduction de l’élément C, déterminé par ailleurs relativement à la société pour l’année, C le passif total de la société à la fin de l’année, déterminé compte non tenu de son assujettissement à l’impôt payable en vertu de la présente partie ou de l’une des parties I.3, II, IV et XIV pour l’année ou à un impôt semblable payable pour l’année en vertu d’une loi provinciale et calculé de la manière indiquée à l’élément C de la formule figurant à l’alinéa (1)b), D le total des montants représentant chacun le principal à la fin de l’année d’une action privilégiée de renflouement, au sens du paragraphe 80(1), émise par la société, et E 50 % de l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le montant qui représenterait le revenu imposable de la société, ou son revenu imposable gagné au Canada, pour l’année si ce montant était déterminé compte non tenu du présent article et de l’article 61.3, (ii) le montant déterminé selon l’alinéa a) relativement à la société pour l’année. Anti-évitement
For the purposes of subsections 127(18) to 127(22), the taxation year of a partnership is deemed to be its fiscal period and its filing-due date for a taxation year is deemed to be the day that would be its filing-due date for the year if it were a corporation. Exclusion from qualified expenditure (a) a person or partnership (referred to in this subsection as the “first person”) does not deal at arm’s length with another person or partnership (referred to in this subsection as the “second person”), (b) there is an arrangement under which an amount is paid or payable by the first person to a person or partnership with which the first person deals at arm’s length and an amount is received or receivable by the second person from a person or partnership with which the second person deals at arm’s length, and (c) one of the main purposes of the arrangement can reasonably be considered to be to cause the amount paid or payable by the first person to be a qualified expenditure, the amount paid or payable by the first person is deemed not to be a qualified expenditure. Deemed contract payment (a) a person or partnership (referred to in this subsection as the “first person”) deals at arm’s length with another person or partnership (referred to in this subsection as the “second person”), (b) there is an arrangement under which an amount is paid or payable by the first person to a person or partnership (other than the second person) and a particular amount is received or receivable in respect of scientific research and experimental development by the second person from a person or partnership that is not a taxable supplier in respect of the particular amount, and (c) one of the main purposes of the arrangement can reasonably be considered to be to cause the amount received or receivable by the second person not to be a contract payment, the amount received or receivable by the second person is deemed to be a contract payment in respect of scientific research and experimental development. Unpaid amounts
Les paragraphes (1) et (2) ne s’appliquent pas à une société pour une année d’imposition si un bien a été transféré au cours de la période de douze mois précédant la fin de l’année ou si la société a contracté une dette au cours de cette période et qu’il soit raisonnable de considérer que l’un des motifs du transfert ou de la dette était d’augmenter le montant que la société aurait eu droit de déduire, n’eût été le présent paragraphe, en application des paragraphes (1) ou (2). NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les dispositions modificatives et d’application; 1995, ch. 21, art. 20; 1998, ch. 19, art. 101; 2010, ch. 12, art. 2108. Provision pour remise de dette — sociétés et autres
For the purposes of subsections 127(5) to 127(25) and section 127.1, a taxpayer’s expenditure described in paragraph 37(1)(a) that is unpaid on the day that is 180 days after the end of the taxation year in which the expenditure is otherwise incurred is deemed (a) not to have been incurred in the year; and (b) to be incurred at the time it is paid. Recapture of investment tax credit (a) a taxpayer acquired a particular property from a person or partnership in a taxation year of the taxpayer or in any of the 10 preceding taxation years, (b) the cost, or a portion of the cost, of the particular property was a qualified expenditure, or would if this Act were read without reference to subsection (26) be a qualified expenditure, to the taxpayer, (c) the cost, or the portion of the cost, of the particular property is included, or would if this Act were read without reference to subsection (26) be included, in computing the taxpayer’s investment tax credit at the end of the taxation year, and (d) in the year and after February 23, 1998, the taxpayer converts to commercial use, or disposes of without having previously converted to commercial use, the particular property or another property that incorporates the particular property, there shall be added to the taxpayer’s tax otherwise payable under this Part for the year the lesser of (e) the amount that can reasonably be considered to be included in the taxpayer’s investment tax credit at the end of any taxation year, or that would be so included if this Act were read without reference to subsection (26), in respect of the particular property, and (f) the amount that is the percentage — that is the sum of each percentage described in paragraph (c) that has been applied to compute the taxpayer’s investment tax credit in respect of the particular property — of (i) in the case where the particular property or the other property is disposed of to a person who deals at arm’s length with the taxpayer, (i) is the particular property and is neither first term shared-use equipment nor second term shared-use equipment, or (II) is the other property, (B) 25% of the proceeds of disposition of the property, if the property is the particular property, is first term shared-use equipment and is not second term shared-use equipment, and (C) 50% of the proceeds of disposition of the property, if the property is the particular property and is second term shared-use equipment, and (ii) in the case where the particular property or the other property is converted to commercial use or is disposed of to a person who does not deal at arm’s length with the taxpayer, (A) the fair market value of the property, if the property (I) is the particular property and is neither first term shared-use equipment nor second term shared-use equipment, or (II) is the other property, (B) 25% of the fair market value of the property at the time of its conversion or disposition, if the particular property is first term shared-use equipment and is not second term shared-use equipment, and (C) 50% of the fair market value of the property at the time of its conversion or disposition, if the particular property is second term shared-use equipment. Recapture of investment tax credit of partnership
Income Tax PART I Income Tax DIVISION B Computation of Income
For the purpose of computing the amount determined under subsection (8) in respect of a partnership at the end of a particular fiscal period, where (a) a particular property, the cost of which is a qualified expenditure, is acquired by the partnership from a person or partnership in the particular fiscal period or in any of the 10 preceding fiscal periods of the partnership, (b) the cost of the particular property is included in an amount, a percentage of which can reasonably be considered to have been included in computing the amount determined under subsection (8) in respect of the partnership at the end of a fiscal period, and (c) in the particular fiscal period and after February 23, 1998, the partnership converts to commercial use, or disposes of without having previously converted to commercial use, the particular property or another property that incorporates the particular property, there shall be deducted in computing the amount determined under subsection (8) in respect of the partnership at the end of the particular fiscal period the lesser of (d) the amount that can reasonably be considered to have been included in respect of the particular property in computing the amount determined under subsection (8) in respect of the partnership, and (e) the percentage (described in paragraph (b)) of (i) where the particular property or the other property is disposed of to a person who deals at arm’s length with the partnership, the proceeds of disposition of that property, and (ii) in any other case, the fair market value of the particular property or the other property at the time of the conversion or disposition. Recapture of investment tax credit of allocating taxpayer (a) a taxpayer acquired a particular property from a person or partnership in a taxation year or in any of the 10 preceding taxation years, (b) the cost of the particular property was a qualified expenditure to the taxpayer, (c) all or part of the qualified expenditure can reasonably be considered to have been the subject of an agreement made under subsection (13) by the taxpayer and another taxpayer (in this subsection referred to as the “transferee”), and (d) in the year and after February 23, 1998, the taxpayer converts to commercial use, or disposes of without having previously converted to commercial use, the particular property or another property that incorporates the particular property, there shall be added to the taxpayer’s tax otherwise payable under this Part for the year the lesser of (e) the amount that can reasonably be considered to have been included in computing the transferee’s investment tax credit in respect of the qualified expenditure that was the subject of the agreement, and (f) the amount determined by the formula A is the percentage applied by the transferee in determining its investment tax credit in respect of the qualified expenditure that was the subject of the agreement, (i) where the particular property or the other property is disposed of to a person who deals at arm’s length with the taxpayer, the proceeds of disposition of that property, and (ii) in any other case, the fair market value of the particular property or the other property at the time of the conversion or disposition, and C is the amount, if any, added to the taxpayer’s tax payable under subsection (27) in respect of the particular property. Addition to tax
A - B where (b) the total of Impôt sur le revenu
Where a taxpayer is a member of a partnership at the end of a fiscal period of the partnership, there shall be added to the taxpayer’s tax otherwise payable under this Part for the taxpayer’s taxation year in which that fiscal period ends the amount that can reasonably be considered to be the taxpayer’s share of the amount, if any, by which (i) the total of all amounts each of which is the lesser of the amounts described in paragraphs (28)(d) and (e) in respect of the partnership in respect of the fiscal period, and (ii) the total of all amounts each of which is the lesser of the amounts described in paragraphs (35)(c) and (d) in respect of the partnership in respect of the fiscal period, (b) the amount that would be determined in respect of the partnership under subsection (8) if that subsection were read without reference to subsections (28) and (35).
Where a taxpayer is a member of a particular partnership that is a member of another partnership and an amount would be added to the particular partnership’s tax payable under this Part for the year pursuant to subsection (30) if the particular partnership were a person and its fiscal period were its taxation year, that amount is deemed to be an amount that is the lesser of the amounts described in paragraphs (28)(d) and (e), in respect of the particular partnership, that is required by subsection (28) to be deducted in computing the amount under subsection (8) in respect of the particular partnership at the end of the fiscal period. Meaning of cost
For the purposes of subsections (27), (28) and (29), cost of the particular property to a taxpayer shall not exceed the amount paid by the taxpayer to acquire the particular property from a transferor of the particular property and, for greater certainty, does not include amounts paid by the taxpayer to maintain, modify or transform the particular property.
Subsections (27) to (29), (34) and (35) do not apply to a taxpayer or partnership (in this subsection referred to as the “transferor”) that disposes of a property to a person or partnership (in this subsection and subsections (34) and (35) referred to as the “purchaser”), that does not deal at arm’s length with the transferor, if the purchaser acquired the property in circumstances where the cost of the property to the purchaser would have been an expenditure of the purchaser described in subclause 37(8)(a)(ii)(A)(III) or (B)(III) (as those subclauses read on March 29, 2012) but for subparagraph 2902(b)(iii) of the Income Tax Regulations. Recapture of investment tax credit
a) le résultat du calcul suivant : A - B où : A représente l’excédent éventuel : (i) du total des montants représentant chacun un montant qui, en raison de l’application de l’article 80 à une dette commerciale, au sens du paragraphe 80(1), émise par le contribuable ou par une société de personnes dont il est un associé, a été inclus en application du paragraphe 80(13) dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure ou du revenu de la société de personnes pour un exercice qui prend fin dans l’année ou une année antérieure, dans la mesure où le montant, s’il a été inclus dans le calcul du revenu d’une société de personnes, se rapporte à la part de ce revenu qui revient au contribuable, sur le total des montants suivants : (ii) les montants déduits en application de l’alinéa 80(15)a) dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure, (iii) les montants déduits en application de l’article 61.3 dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure, B l’excédent éventuel de l’élément A, déterminé relativement au contribuable pour l’année, sur le total des montants suivants : (i) le montant qui représenterait l’élément A, déterminé relativement au contribuable pour l’année, si la valeur de cet élément ne tenait pas compte des montants inclus ou déduits dans le calcul du revenu du contribuable pour une année d’imposition antérieure, (ii) le montant inclus en application de l’article 56.3 dans le calcul du revenu du contribuable pour l’année, b) le total des montants suivants : (i) les 4/5 du montant qui représenterait l’élément A de la formule figurant à l’alinéa a), déterminé relativement au contribuable pour l’année, si la valeur de cet élément ne tenait pas compte des montants inclus ou déduits dans le calcul du revenu du contribuable pour une année d’imposition antérieure, (ii) les 3/5 du montant qui représenterait l’élément A de la formule figurant à l’alinéa a), déterminé relativement au contribuable pour l’année, si la valeur de cet élément ne tenait pas compte des montants inclus ou déduits dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure, à l’exception de l’année d’imposition précédente, (iii) les 2/5 du montant qui représenterait l’élément A de la formule figurant à l’alinéa a), déterminé relativement au contribuable pour l’année, si la valeur de cet élément ne tenait pas compte des montants inclus ou déduits dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure, à l’exception de la deuxième année d’imposition précédente, (iv) le 1/5 du montant qui représenterait l’élément A de la formule figurant à l’alinéa a), déterminé relativement au contribuable pour l’année, si la valeur de cet élément ne tenait pas compte des montants inclus ou déduits dans le calcul du revenu du contribuable pour l’année ou une année d’imposition antérieure, à l’exception de la troisième année d’imposition précédente, c) dans le cas où le contribuable est une société qui, au cours de l’année, commence à être liquidée dans des circonstances autres que celles auxquelles s’appliquent les règles énoncées au paragraphe 88(1), zéro. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1995, ch. 21, art. 20. Frais de déménagement 62 (1) Un contribuable peut déduire dans le calcul de son revenu pour une année d’imposition les sommes qu’il a payées au titre des frais de déménagement engagés relativement à une réinstallation admissible dans la mesure où, à la fois : a) elles n’ont pas été payées en son nom ni à sa charge ou à son emploi ou dans le cadre ou en raison de sa charge ou de son emploi; b) elles n’étaient pas déductibles par l’effet du présent article dans le calcul de son revenu pour l’année d’imposition précédente; c) leur total ne dépasse pas le montant applicable suivant : (i) dans les cas visés au sous-alinéa a)(i) de la définition de réinstallation admissible au paragraphe 248(1), le total des sommes représentant chacune une somme incluse dans le calcul du revenu du contribuable pour l’année tiré de son emploi au nouveau lieu de travail ou de l’exploitation de l’entreprise au nouveau lieu de travail ou une somme incluse dans le calcul de son revenu pour l’année par l’effet du sous-alinéa 56(1)(r)(v) relativement à son emploi au nouveau lieu de travail, (iii) dans le cas visé au sous-alinéa (a)(ii) de cette définition, le total des montants inclus dans le calcul du revenu du contribuable pour l’année par l’effet des alinéas 56(1)(n) et (o); d) les remboursements et allocations qu’il a reçus relativement à ces frais sont inclus dans le calcul de son revenu. Frais de déménagement d’étudiants
Where, at any particular time in a taxation year and after February 23, 1998, a purchaser (other than a partnership) converts to commercial use, or disposes of without having previously converted to commercial use, a property (a) that was acquired by the purchaser in circumstances described in subsection (33) or that is another property that incorporates a property acquired in such circumstances; and (b) that was first acquired, or that incorporates a property that was first acquired, by a person or partnership (in this subsection referred to as the “original user”) with whom the purchaser did not deal at arm’s length at the time at which the purchaser acquired the property, in the original user’s taxation year or fiscal period that includes the particular time (on the assumption that the original user had such a taxation year or fiscal period) or in any of the original user’s 10 preceding taxation years or fiscal periods, there shall be added to the purchaser’s tax otherwise payable under this Part for the year the lesser of (c) the amount (i) included, in respect of the property, in the investment tax credit of the original user, or (ii) where the original user is a partnership, that can reasonably be considered to have been included in respect of the property in computing the amount determined under subsection (8) in respect of the original user, and (d) the amount determined by applying the percentage that was applied by the original user in determining the amount referred to in paragraph (c) to (i) if the property or the other property is disposed of to a person who deals at arm’s length with the purchaser, the proceeds of disposition of that property, and (ii) in any other case, the fair market value of the property or the other property at the time of the conversion or disposition. Recapture of investment tax credit
Un contribuable peut déduire dans le calcul de son revenu pour une année d’imposition la somme qu’il pourrait déduire en application du paragraphe (1) s’il n’était pas tenu compte du sous-alinéa a)(i) de la définition de réinstallation admissible au paragraphe 248(1) et si le mot « des deux » dans l’alinéa c) de cette définition était remplacé par ce mot : « c) sauf si le contribuable est absent du Canada mais y réside, l’ancienne résidence ou la nouvelle résidence est située au Canada; » Frais de déménagement
Where, at any particular time in a fiscal period and after February 23, 1998, a purchaser is a partnership that converts to commercial use, or disposes of without having previously converted to commercial use, a property (a) that was acquired by the purchaser in circumstances described in subsection (33) or that is another property that incorporates a property acquired in such circumstances, and (b) that was first acquired, or that incorporates a property that was first acquired, by a person or partnership (in this subsection referred to as the “original user”) with which the purchaser did not deal at arm’s length at the time at which the purchaser acquired the property, in the original user’s taxation year or fiscal period that includes the particular time (on the assumption that the original user had such a taxation year or fiscal period) or in the original user’s 10 preceding taxation years or fiscal periods, there shall be deducted in computing the amount determined under subsection (8) in respect of the purchaser at the end of the fiscal period the lesser of (c) the amount (i) included, in respect of the property, in the investment tax credit of the original user, or (ii) where the original user is a partnership, that can reasonably be considered to have been included in respect of the property in computing the amount determined under subsection (8) in respect of the original user, and (d) the amount determined by applying the percentage that was applied by the original user in determining the amount referred to in paragraph (c) to (i) if the property or the other property is disposed of to a person who deals at arm’s length with the purchaser, the proceeds of disposition of that property, and (ii) in any other case, the fair market value of the property or the other property at the time of the conversion or disposition. Transitional application of investment tax credit recapture
Pour l’application du paragraphe (1), sont comprises dans les frais de déménagement toutes dépenses engagées au titre : a) des frais de déplacement (y compris les dépenses raisonnables pour repas et logement) engagés pour le déménagement du contribuable et des membres de sa maisonnée qui se rendent de l’ancienne résidence à la nouvelle résidence; b) des frais de transport et d’entreposage des meubles du contribuable qui doivent être transportés de l’ancienne résidence à sa nouvelle résidence; c) des frais de repas et de logement, près de l’ancienne résidence ou de la nouvelle résidence, engagés par le contribuable et les membres de sa maisonnée pendant une période maximale de 15 jours; d) des frais de résiliation du bail en vertu duquel il était le locataire de son ancienne résidence; e) des frais relatifs à la vente de son ancienne résidence; f) lorsque le contribuable ou son époux ou conjoint de fait vend l’ancienne résidence par suite du NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 62; 1998, c. 19, s. 102; 1999, c. 22, s. 17; 2000, c. 12, s. 142; 2009, c. 2, s. 16; 2017, c. 33, s. 17. Income Tax PART I Income Tax DIVISION B Computation of Income
For the purpose of applying each of subsection (27) or (29) in respect of a taxpayer, subsection (28) in respect of a partnership or subsection (34) or (35) in respect of a purchaser and an original user, as the case may be, (which taxpayer, partnership or original user is, in this subsection, referred to as the “taxpayer”), the reference to “10” in that subsection is to be read as a reference to the number that is the lesser of (b) the number that is the total of 10 and the number of taxation years or fiscal periods, as the case may be, by which the number of taxation years or fiscal periods of the taxpayer that have ended after 1997 exceeds 11. Refundable investment tax credit
(e) the lesser of exceeds Impôt sur le revenu
a prescribed form containing prescribed information, the taxpayer is deemed to have paid on the taxpayer’s balance-due day for the year an amount on account of the taxpayer’s tax payable under this Part for the year equal to the lesser of (c) the taxpayer’s refundable investment tax credit for the year, and
In this section, excluded corporation for a taxation year means a corporation that is, at any time in the year, (a) controlled directly or indirectly, in any manner whatever, by (i) one or more persons exempt from tax under this Part by virtue of section 149, (iii) any combination of persons each of whom is a person referred to in subparagraph (i) or (ii), or (b) related to any person referred to in paragraph (a); qualifying corporation, for a particular taxation year that ends in a calendar year, means a particular corporation that is a Canadian-controlled private corporation in the particular taxation year the taxable income of which for its immediately preceding taxation year — together with, if the particular corporation is associated in the particular taxation year with one or more other corporations (in this subsection referred to as “associated corporations”), the taxable income of each associated corporation for its last taxation year that ended in the preceding calendar year (determined before taking into consideration the specified future tax consequences for that last year) — does not exceed the qualifying income limit, if any, of the particular corporation for the particular taxation year; qualifying income limit of a corporation for a particular taxation year is the amount determined by the formula (a) nil, if $10 million is greater than or equal to the amount (in paragraph (b) referred to as the “taxable capital amount”) that is the total of the corporation’s taxable capital employed in Canada (within the meaning assigned by section 181.2 or 181.3) for its immediately preceding taxation year and the taxable capital employed in Canada (within the meaning assigned by section 181.2 or 181.3) of each associated corporation for the associated corporation’s last taxation year that ended in the last calendar year that ended before the end of the particular taxation year, or (b) in any other case, the lesser of $40 million and the amount by which the taxable capital amount exceeds $10 million; refundable investment tax credit of a taxpayer for a taxation year means, in the case of a taxpayer who is (a) a qualifying corporation for the year, (b) an individual other than a trust, or (c) a trust each beneficiary of which is a person referred to in paragraph (a) or (b), an amount equal to 40% of the amount, if any, by which (d) the total of all amounts included in computing the taxpayer’s investment tax credit at the end of the year (i) in respect of property (other than qualified small-business property) acquired, or a qualified expenditure (other than an expenditure in respect of which an amount is included under paragraph (f) in computing the taxpayer’s refundable investment tax credit for the year) incurred, by the taxpayer in the year, or (ii) because of paragraph (b) of the definition investment tax credit in subsection 127(9) in respect of a property (other than qualified small-business property) acquired, or a qualified expenditure (other than an expenditure in respect of which an amount is included under paragraph (f) in computing the taxpayer’s refundable investment tax credit for the year) incurred (i) the portion of the total of all amounts deducted under subsection 127(5) for the year or a preceding taxation year (other than an amount deemed by subsection 127.1(3) to be so deducted for the year) that can reasonably be considered to be in respect of the total determined under paragraph (d), and (ii) the portion of the total of all amounts required by subsection 127(6) or 127(7) to be deducted in computing the taxpayer’s investment tax credit at the end of the year that can reasonably be considered to be in respect of the total determined under paragraph (d), plus where the taxpayer is a qualifying corporation (other than an excluded corporation) for the year, the amount, if any, by which (i) the portion of the amount required by subsection 127(10.1) to be added in computing the taxpayer’s investment tax credit at the end of the year that is in respect of qualified expenditures incurred by the taxpayer in the year, and (ii) all amounts determined under paragraph (a.1) of the definition investment tax credit in subsection 127(9) in respect of expenditures for which an amount is included in subparagraph (i) (i) the portion of the total of all amounts deducted by the taxpayer under subsection 127(5) for the year or a preceding taxation year (other than an amount deemed by subsection 127(3) to be so deducted for the year) that can reasonably be considered to be in respect of the total determined under paragraph (f), and (ii) the portion of the total of all amounts required by subsection 127(6) to be deducted in computing the taxpayer’s investment tax credit at the end of the year that can reasonably be considered to be in respect of the total determined under paragraph (f). Addition to refundable investment tax credit (2.01) In the case of a taxpayer that is a Canadian-controlled private corporation other than a qualifying corporation or an excluded corporation, the refundable investment tax credit of the taxpayer for a taxation year is the amount, if any, by which (i) the portion of the amount required by subsection 127(10.1) to be added in computing the taxpayer’s investment tax credit at the end of the year that is in respect of qualified expenditures incurred by the taxpayer in the year, and (ii) all amounts determined under paragraph (a.1) of the definition investment tax credit in subsection 127(9) in respect of expenditures for which an amount is included in subparagraph (i) (i) the portion of the total of all amounts deducted by the taxpayer under subsection 127(5) for the year or a preceding taxation year (other than an amount deemed by subsection 127(3) to be so deducted for the year) that can reasonably be considered to be in respect of the total determined under paragraph (f), and (ii) the portion of the total of all amounts required by subsection 127(6) to be deducted in computing the taxpayer’s investment tax credit at the end of the year that can reasonably be considered to be in respect of the total determined under paragraph (f). (i) the portion of the total of all amounts deducted by the taxpayer under subsection 127(5) for the year or a preceding taxation year (other than an amount deemed by subsection (3) to have been so deducted for the year) that can reasonably be considered to be in respect of the total determined under paragraph (a), and (ii) the portion of the total of all amounts required by subsection 127(6) to be deducted in computing the taxpayer’s investment tax credit at the end of the year that can reasonably be considered to be in respect of the total determined under paragraph (a). Refundable investment tax credit — associated CCPCs (2.2) If a particular Canadian-controlled private corporation is associated with another corporation in circumstances where those corporations would not be associated if the Act were read without reference to paragraph 256(1.2)(a), the particular corporation has issued shares to one or more persons who have been issued shares by the other corporation and there is at least one shareholder of the particular corporation who is not a shareholder of the other corporation or one shareholder of the other corporation who is not a shareholder of the particular corporation, the particular corporation is not associated with the other corporation for the purpose of calculating the amount of the particular corporation’s refundable investment tax credit that is in respect of qualified expenditures. (2.3) Subsection (2.2) applies to the particular corporation and the other corporation referred to in that subsection only if the Minister is satisfied that (a) the particular corporation and the other corporation are not otherwise associated under this Act; and (b) the existence of one or more shareholders of the particular corporation who is not a shareholder of the other corporation, or the existence of one or more shareholders of the other corporation who is not a shareholder of the particular corporation, is not for the purpose of satisfying the requirements of subsection (2.2) or 127(10.22). Deemed deduction
For the purposes of this Act, the amount deemed under subsection 127.1(1) to have been paid by a taxpayer for a taxation year shall be deemed to have been deducted by the taxpayer under subsection 127(5) for the year. Qualifying income limit determined in certain cases
For the purpose of the definition of qualifying corporation in subsection (2), where a Canadian-controlled private corporation has a taxation year that is less than 51 weeks, the taxable income of the corporation for the year shall be determined by multiplying that amount by the ratio that 365 is of the number of days in that year. Share-purchase tax credit
b) par le contribuable ou la personne assumant les frais d’entretien de l’enfant pour l’année, dans les autres cas, dans la mesure où le montant : c) n’est pas inclus par un autre particulier dans le calcul du montant déductible en vertu du présent paragraphe; d) n’est pas un montant (sauf un montant qui est inclus dans le calcul du revenu d’un particulier et qui n’est pas déductible dans le calcul de son revenu imposable) à l’égard duquel un particulier a droit, ou avait droit, à un remboursement ou à une autre forme d’aide, et dont le paiement est établi par la présentation au ministre d’un ou de plusieurs reçus délivrés par le bénéficiaire du paiement et portant, lorsque celui-ci est un particulier, le numéro d’assurance sociale de ce particulier; le total ne peut toutefois être supérieur à l’excédent éventuel du montant visé à l’alinéa e) sur le total visé à l’alinéa f) : e) le moins élevé des montants suivants : (i) les 2/3 du revenu gagné du contribuable pour l’année, (ii) le total des montants représentant chacun le montant annuel des frais de garde d’enfants pour un enfant admissible du contribuable pour l’année, f) le total des montants représentant chacun un montant déduit en vertu du présent article, à l’égard des enfants admissibles du contribuable pour l’année, dans le calcul du revenu pour l’année d’un particulier, autre que le contribuable, à qui le paragraphe (2) s’applique pour l’année. Revenu supérieur à celui de la personne assumant les frais d’entretien
(a) the taxpayer’s share-purchase tax credit for the year, and (b) the taxpayer’s unused share-purchase tax credit for the taxation year immediately following the year. Persons exempt from tax
Dans le cas où le revenu, pour une année d’imposition, d’un contribuable qui a un enfant admissible pour l’année dépasse le revenu, pour cette année, d’une personne assumant les frais d’entretien de cet enfant (les deux revenus étant censés calculés sans tenir compte du présent article et les alinéas 60(v.1) et 60(w)), le montant que le contribuable peut déduire en application du paragraphe (1) pour l’année au titre des frais de garde d’enfants ne peut dépasser le moins élevé des montants suivants : a) le montant qui, n’était ce paragraphe, serait déductible par le contribuable pour l’année en vertu du paragraphe (1), et A × C where B [Repealed, 2001, c. 17, s. 42] Income Tax PART I Income Tax DIVISION B Computation of Income
Where a taxpayer who was throughout a taxation year a person described in any of paragraphs 149(1)(e) to (y) files with the taxpayer’s return of income under this Part for the year a prescribed form containing prescribed information, the taxpayer shall be deemed to have paid, on the day on which the return is filed, an amount, on account of the taxpayer’s tax under this Part for the year, equal to the taxpayer’s share-purchase tax credit for the year.
(ii) 12 hours per month on courses in the program; Impôt sur le revenu
Where, in a particular taxation year of a taxpayer who is a beneficiary under a trust, an amount is included in computing the share-purchase tax credit of the trust for its taxation year ending in that particular taxation year, the trust may, in its return of income for its taxation year ending in that particular taxation year, designate as attributable to the taxpayer such portion of that amount (a) as may, having regard to all the circumstances (including the terms and conditions of the trust arrangement), reasonably be considered to be attributable to the taxpayer, and (b) as was not designated by the trust in respect of any other beneficiary of that trust, and, where the trust so designates such a portion, an amount equal to that portion shall be (c) added in computing the share-purchase tax credit of the taxpayer for the particular taxation year, and (d) deducted in computing the share-purchase tax credit of the trust for its taxation year ending in the particular taxation year. (3.1) For the purposes of subsection 127.2(3), a trust does not include a trust that is (a) governed by an employee benefit plan or a revoked deferred profit sharing plan; or (b) exempt from tax under section 149. Partnership
Where, in a taxation year of a taxpayer who is a member of a partnership, an amount is included in computing the share-purchase tax credit of the partnership for its fiscal period ending in that year, such portion of that amount as may reasonably be considered to be the taxpayer’s share thereof shall be (a) added in computing the share-purchase tax credit of the taxpayer for that year; and (b) deducted in computing the share-purchase tax credit of the partnership for that fiscal period. Cooperative corporation
Where at any particular time in a taxation year a taxpayer that is a cooperative corporation (within the meaning assigned by subsection 136(2)) has, as required by subsection 135(3), deducted or withheld an amount from a payment made by it to any person pursuant to an allocation in proportion to patronage, the taxpayer may deduct from the amount otherwise required by subsection 135(3) to be remitted to the Receiver General, an amount not exceeding the amount, if any, by which (a) the amount that would, but for this subsection, be its share-purchase tax credit for the taxation year in which it made the payment if that year had ended immediately before the particular time exceeds (b) the total of all amounts each of which is the amount deducted by virtue of this subsection from any amount otherwise required to be remitted by subsection 135(3) in respect of payments made by it before the particular time and in the taxation year, and the amount, if any, so deducted from the amount otherwise required to be remitted by subsection 135(3) shall (c) be deducted in computing the share-purchase tax credit of the taxpayer for the taxation year, and (d) deemed to have been remitted by the taxpayer to the Receiver General on account of tax under this Part of the person to whom that payment was made.
In this section, share-purchase tax credit of a taxpayer for a taxation year means the amount determined by the formula A is the total of all amounts each of which is an amount designated by a corporation under subsection 192(4) in respect of a share acquired by the taxpayer in the year where the taxpayer is the first person, other than a broker or dealer in securities, to be a registered holder, B is the total of all amounts each of which is an amount required by subsection 127.2(3) or (4) to be added in computing the taxpayer’s share-purchase tax credit for the year, and C is the total of all amounts each of which is an amount required by subsection 127.2(3), (4) or (5) to be deducted in computing the taxpayer’s share-purchase tax credit for the year; unused share-purchase tax credit of a taxpayer for a taxation year means the amount determined by the formula is the taxpayer's share-purchase tax credit for the year, is the taxpayer's tax otherwise payable under this Part for the year, the amount deemed by subsection 127.2(2) to have been paid on account of the taxpayer's tax payable under this Part for the year or, where Division E.1 is applicable to the taxpayer for the year, the amount, if any, by which the taxpayer's tax otherwise payable under this Part for the year exceeds the taxpayer's minimum amount for the year determined under section 127.51, as the case may be, and is the taxpayer's refundable Part VII tax on hand at the end of the year. (unused share-purchase tax credit) Definition of tax otherwise payable
Revenu égal à celui de la personne assumant les frais d’entretien (2.1) Pour l’application du présent article, dans le cas où, au cours d’une année d’imposition, le revenu d’un contribuable qui a un enfant admissible pour l’année est égal au revenu de la personne assumant les frais d’entretien de l’enfant (les deux revenus étant censément calculés sans le présent article et les alinéas 60(v.1) et w)), ni le contribuable ni la personne n’ont droit à la déduction prévue au présent article, sauf s’ils choisissent conjointement de traiter le revenu de l’un d’eux comme étant plus élevé que celui de l’autre pour l’année. Dépenses d’étudiant (2.2) Un montant ne dépassant pas le montant déterminé selon le paragraphe (2.3) est déductible dans le calcul du revenu d’un contribuable pour une année d’imposition si les conditions suivantes sont réunies : a) le contribuable est, au cours de l’année, un étudiant qui fréquente un établissement d’enseignement agréé ou une école secondaire et y est inscrit à un programme d’une durée d’au moins trois semaines consécutives, selon le cas : (i) aux cours ou aux travaux duquel chaque étudiant doit consacrer au moins dix heures par semaine, (ii) aux cours duquel chaque étudiant doit consacrer au moins douze heures par mois; b) il n’existe pas de personne assumant les frais d’entretien d’un enfant admissible du contribuable pour l’année ou le revenu du contribuable pour l’année dépasse celui de la personne assumant les frais d’entretien de l’enfant (en supposant que les deux revenus sont calculés comme il est mentionné au présent article et des alinéas 60(v.1) et w)); c) le formulaire prescrit contenant les renseignements prescrits accompagne la déclaration de revenu du contribuable pour l’année, à l’exclusion de celle A × C where B [Repealed, 2001, c. 17, s. 42] C is Income Tax PART I Income Tax DIVISION B Computation of Income
In this section, tax otherwise payable under this Part by a taxpayer means the amount that would, but for this section and section 120.1, be the tax payable under this Part by the taxpayer. Deemed cost of acquisition
Definitions (ii) $5,000, in any other case; (montant annuel de frais de garde d’enfants) Impôt sur le revenu
For the purposes of this Act, where, at any time in a taxation year, a taxpayer has acquired a share and is the first registered holder of the share, other than a broker or dealer in securities, and an amount is, at any time, designated by a corporation under subsection 192(4) in respect of the share, the following rules apply: (a) the taxpayer shall be deemed to have acquired the share at a cost to the taxpayer equal to the amount by which (i) its cost to the taxpayer as otherwise determined (ii) the amount so designated in respect of the share; and (i) where the share is a capital property to the taxpayer, be deemed to be a capital gain of the taxpayer for the year from the disposition of that property, and (ii) in any other case, be included in computing the income of the taxpayer for the year, and, in addition, the cost to the taxpayer of the share shall be deemed to be nil. and the cost to the taxpayer of the share shall be deemed to be nil. Partnership
For the purposes of this section and subsection 193(5), a partnership shall be deemed to be a person and its taxation year shall be deemed to be its fiscal period.
Where a share of a public corporation has been lawfully distributed to the public in accordance with a prospectus, registration statement or similar document filed with a public authority in Canada pursuant to and in accordance with the law of Canada or of any province, and, where required by law, accepted for filing by such a public authority, the corporation, if it has designated an amount under subsection 192(4) in respect of the share, may, in the prescribed form required to be filed under that subsection, elect that, for the purposes of this section, the first person, other than a broker or dealer in securities, to have acquired the share (and no other person) shall be considered to be the first person to be a registered holder of the share. Calculation of consideration (a) for the purposes of this section and Part VII, the amount of consideration for which a share is acquired and issued includes the amount of any consideration for the designation under subsection 192(4) in respect of the share; and (b) the amount received by a corporation as consideration for a designation under subsection 192(4) in respect of a share issued by it shall not be included in computing its income. Scientific research and experimental development tax credit
(a) scientific research and experimental development tax credit for the year, and (b) unused scientific research and experimental development tax credit for the taxation year immediately following the year.
(A) le nombre de semaines de l’année au cours desquelles le contribuable était un étudiant qui serait visé à l’alinéa (2.2)a) en l’absence de son sous-alinéa (ii), (B) le nombre de mois de l’année (sauf celui qui comprend tout ou partie d’une semaine comprise dans le nombre de semaines visées à la division (A)), au cours desquels le contribuable était un étudiant visé à l’alinéa (2.2)a); d) l’excédent du total calculé selon le sous-alinéa (1)e)(ii) à l’égard d’enfants admissibles du contribuable pour l’année sur le montant qui est déductible en application du paragraphe (1) dans le calcul de son revenu pour l’année; e) s’il existe une personne assumant les frais d’entretien d’un enfant admissible du contribuable pour l’année, l’excédent du montant calculé selon l’alinéa (2)b) pour l’année à l’égard du contribuable sur les deux tiers de son revenu gagné pour l’année. Définitions
In this section, scientific research and experimental development tax credit of a taxpayer for a taxation year means the amount determined by the formula A is the total of all amounts each of which is an amount equal to (a) where the taxpayer is a corporation, 50%, or (b) where the taxpayer is an individual other than a trust, 34% of an amount designated by a corporation under subsection 194(4) in respect of (c) a share acquired by the taxpayer in the year where the taxpayer is the first person, other than a broker or dealer in securities, to be a registered holder thereof, (d) a bond, debenture, bill, note, mortgage, hypothecary claim or similar obligation (in this section referred to as a “debt obligation”) acquired by the taxpayer in the year where the taxpayer is the first person, other than a broker or dealer in securities, to be a registered holder of that debt obligation, or (e) a right acquired by the taxpayer in the year where the taxpayer is the first person, other than a broker or dealer in securities, to have acquired that right, and unused scientific research and experimental development tax credit of a taxpayer for a taxation year means the amount determined by the formula A is the taxpayer’s scientific research and experimental development tax credit for the year, B is the taxpayer’s tax otherwise payable under this Part for the year or, where Division E.1 is applicable to the taxpayer for the year, the amount, if any, by which the taxpayer’s tax otherwise payable under this Part for the year exceeds the taxpayer’s minimum amount for the year determined under section 127.51, as the case may be, and
Les définitions qui suivent s’appliquent au présent article. enfant admissible Quant à une année d’imposition, enfant d’un contribuable ou de l’époux ou conjoint de fait de celui-ci ou enfant à la charge d’un contribuable ou de son époux ou conjoint de fait et dont le revenu pour l’année ne dépasse pas le montant applicable pour l’année représenté à l’élément F de la formule figurant au paragraphe 118.1(1), si, à un moment quelconque de l’année, l’enfant est soit âgé de moins de 16 ans, soit à la charge du contribuable ou de l’époux ou conjoint de fait de celui-ci et a une infirmité mentale ou physique. (eligible child) frais de garde d’enfants Frais engagés au cours d’une année d’imposition dans le but de faire assurer au Canada la garde de tout enfant admissible du contribuable, en ce compris les services de garde d’enfants de garderie, les services de garderie d’enfants de crèche ou de services assurés dans un pensionnat ou une colonie de vacances, si les services étaient assurés : a) d’une part, pour permettre au contribuable, à la personne assumant les frais d’entretien de l’enfant pour l’année, qui résidait avec l’enfant au moment où les frais ont été engagés d’exercer l’une des activités suivantes : (i) remplir les fonctions d’une charge ou d’un emploi, (iii) [Repealed, 1996, c. 23, s. 173] are not child care expenses; (frais de garde d’enfants) (ii) exploiter une entreprise, soit seul, soit comme associé participant activement à l’exploitation de l’entreprise, (iii) [Abrogé, 1996, ch. 23, art. 173] (iv) mener des recherches ou des travaux similaires relativement auxquels il a reçu une subvention; (v) fréquenter un établissement d’enseignement agréé ou une école secondaire où il est inscrit à un programme d’une durée d’au moins trois semaines consécutives, sous réserve que (A) aux cours ou aux travaux duquel chaque étudiant doit consacrer au moins dix heures par semaine, (B) aux cours duquel chaque étudiant doit consacrer au moins douze heures par mois; b) d’autre part, par une personne résidant au Canada autre qu’une personne : (i) soit qui est le père ou la mère de l’enfant, (ii) soit qui est la personne assumant les frais d’entretien de l’enfant ou était âgée de moins de 18 ans et liée au contribuable, (iii) soit pour laquelle un montant est déduit en application de l’article 118 dans le calcul de l’impôt payable en vertu de la présente partie pour l’année par le contribuable ou par la personne assumant les frais d’entretien de l’enfant; toutefois ne constituent pas des frais de garde d’enfants : c) tous frais de cette nature payés au cours de l’année pour un enfant qui fréquente un pensionnat ou une colonie de vacances, dans la mesure où leur total dépasse le produit de la multiplication du montant périodique des frais de garde d’enfants pour l’enfant pour l’année par le nombre de semaines de l’année pendant lesquelles l’enfant fréquente le pensionnat ou la colonie de vacances; d) pour plus de précision, les frais médicaux visés au paragraphe 118.2(2) et les autres frais payés au titre des soins médicaux ou hospitaliers, de l’habillement, du transport, de l’éducation et de la pension et du logement, sauf dispositions contraires à la présente définition. (child care expense) montant annuel de frais de garde d’enfants En ce qui concerne un enfant admissible ou un contribuable pour une année d’imposition, le montant applicable suivant : Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this section and section 53, where a taxpayer, other than a broker or dealer in securities, is a beneficiary under a trust and an amount is designated by a corporation under subsection 194(4) in respect of a share, debt obligation or right acquired by the trust in a taxation year of the trust where the trust is the first person, other than a broker or dealer in securities, to be a registered holder of the share or debt obligation or to have acquired the right, as the case may be, (a) the trust may, in its return of income for that year, specify such portion of that amount as may, having regard to all the circumstances (including the terms and conditions of the trust arrangement), reasonably be considered to be attributable to the taxpayer and as was not specified by the trust in respect of any other beneficiary under that trust; and (b) the portion specified pursuant to paragraph 127.3(3)(a) shall be deemed to be an amount designated on the last day of that year by the corporation under subsection 194(4) in respect of a share, debt obligation or right, as the case may be, acquired by the taxpayer on that day where the taxpayer is the first person, other than a broker or dealer in securities, to be a registered holder of the share or debt obligation or to have acquired the right, as the case may be. (3.1) For the purposes of subsection (3), a trust does not include a trust that is (a) governed by an employee benefit plan or a revoked deferred profit sharing plan; or (b) exempt from tax under section 149. Partnership
(d) is dependent on the taxpayer or on the taxpayer’s spouse or common-law partner and has a mental or physical infirmity; (enfant admissible) periodic child care expense amount, in respect of an eligible child of a taxpayer for a taxation year, means 1/40 of the annual child care expense amount in respect of the child for the year; (montant périodique de frais de garde d’enfants) (a) a parent of the child, Impôt sur le revenu
For the purposes of this section and section 53, where a taxpayer, other than a broker or dealer in securities, is a member of a partnership and an amount is designated by a corporation under subsection 194(4) in respect of a share, debt obligation or right acquired by the partnership in a taxation year of the partnership where the partnership is the first person, other than a broker or dealer in securities, to be a registered holder of the share or debt obligation or to have acquired the right, as the case may be, such portion of that amount as may reasonably be considered to be the taxpayer’s share thereof shall be deemed to be an amount designated on the last day of that year by the corporation under subsection 194(4) in respect of a share, debt obligation or right, as the case may be, acquired by the taxpayer on that day where the taxpayer is the first person, other than a broker or dealer in securities, to be a registered holder of the share or debt obligation or to have acquired the right, as the case may be. Cooperative corporation
Where at any particular time in a taxation year a taxpayer that is a cooperative corporation (within the meaning assigned by subsection 136(2)) has, as required by subsection 135(3), deducted or withheld an amount from a payment made by it to any person pursuant to an allocation in proportion to patronage, the taxpayer may deduct from the amount otherwise required by subsection 135(3) to be remitted to the Receiver General, an amount not exceeding the amount, if any, by which (a) the amount that would, but for this subsection, be its scientific research and experimental development tax credit for the taxation year in which it made the payment if that year had ended immediately before the particular time (b) the total of all amounts each of which is the amount deducted by virtue of this subsection from any amount otherwise required to be remitted by subsection 135(3) in respect of payments made by it before the particular time and in the taxation year, and the amount, if any, so deducted from the amount otherwise required to be remitted by subsection 135(3) shall be (c) deducted in computing the scientific research and experimental development tax credit of the taxpayer for the taxation year, and (d) deemed to have been remitted by the taxpayer to the Receiver General on account of tax under this Part of the person to whom that payment was made. Deduction from cost
For the purposes of this Act, where at any time in a taxation year a taxpayer has acquired a share, debt obligation or right and is the first registered holder of the share or debt obligation or the first person to have acquired the right, as the case may be, other than a broker or dealer in securities, and an amount is, at any time, designated by a corporation under subsection 194(4), in respect of the share, debt obligation or right, the following rules apply: (a) the taxpayer shall be deemed to have acquired the share, debt obligation or right at a cost to the taxpayer equal to the amount by which (i) its cost to the taxpayer as otherwise determined (ii) 50% of the amount so designated in respect thereof; and (i) where the share, debt obligation or right, as the case may be, is a capital property to the taxpayer, be deemed to be a capital gain of the taxpayer for the year from the disposition of that property, and (ii) in any other case, be included in computing the income of the taxpayer for the year, and the cost to the taxpayer of the share, debt obligation or right, as the case may be, shall be deemed to be nil. Partnership
For the purposes of this section and Part VIII, a partnership shall be deemed to be a person and its taxation year shall be deemed to be its fiscal period. Definition of tax otherwise payable
a) si l’enfant est une personne à l’égard de laquelle un montant est déductible, en application de l’article 118.3, dans le calcul de l’impôt payable par un contribuable pour l’année en vertu de la présente partie, 11 000 $; b) sinon : (i) 8 000 $, si l’enfant est âgé de moins de 7 ans à la fin de l’année, (ii) 5 000 $, dans les autres cas. (annual child care expense amount) montant périodique de frais de garde d’enfants En ce qui concerne un enfant admissible d’un contribuable pour une année d’imposition, 1/40 du montant annuel des frais de garde d’enfants pour l’enfant pour l’année. (periodic child care expense amount) personne assumant les frais d’entretien Quant à l’enfant admissible d’un contribuable pour une année d’imposition, autre que le contribuable, est, selon le cas : a) le père ou la mère de l’enfant; b) l’époux ou conjoint de fait du contribuable; c) un particulier qui, pour l’année, a déduit un montant pour l’enfant en application de l’article 118, si le père, la mère, l’époux ou conjoint de fait ou le particulier, selon le cas, a résidé avec le contribuable à un moment donné au cours de l’année et à un moment donné dans les 60 jours suivant la fin de l’année. (supporting person) revenu gagné S’agissant du revenu gagné d’un contribuable, le total des montants suivants : a) les traitements, salaires et autre rémunération, y compris les gratifications, reçus par lui dans le cadre de charges ou d’emplois; b) les montants qui sont inclus dans le calcul du revenu du contribuable par l’effet des articles 6 ou 7 ou des alinéas 56(1)(n), n.1), o) ou r), ou qui seraient ainsi inclus si ce n’était l’alinéa 81(1)a) ou le paragraphe 81(4); c) les revenus qu’il tire des entreprises qu’il exploite soit seul, soit comme associé participant activement à l’exploitation de l’entreprise, ou des montants qui représenteraient ces revenus sans l’alinéa 81(1)a); Income Tax PART I Income Tax DIVISION B Computation of Income
In this section, tax otherwise payable under this Part by a taxpayer means the amount that would, but for this section and section 120.1, be the tax payable under this Part by the taxpayer.
COVID-19 – child care expenses d) les montants qu’il reçoit au cours de l’année au titre ou en paiement intégral ou partiel d’une prestation d’invalidité aux termes du régime institué par le Régime de pensions du Canada ou d’un régime provincial de pensions au sens de l’article 3 de cette loi. (earned income) COVID-19 – frais de garde d’enfants (3.1) Pour l’application du présent article relativement à un contribuable pour l’année d’imposition 2020 ou 2021 : a) la définition de frais de garde d’enfants au paragraphe (3) s’applique compte non tenu de son alinéa a) si à un moment donné de l’année le contribuable avait droit à un montant visé au sous-alinéa 56(1)a)(iv) ou (vi) ou à l’alinéa 56(1)r), relativement à l’année; b) l’alinéa b) de la définition de revenu gagné au paragraphe (3) est réputé avoir le libellé suivant : b) les montants qui sont inclus dans le calcul du revenu du contribuable, ou qui le seraient, n’était l’effet des articles 6 ou 7, des sous-alinéas 56(1)a)(iv) ou (vii) ou des alinéas 56(1)n), n.1), o) ou r), ou qui seraient inclus ainsi dans l’année; Commuter’s child care expense see relevant amending Acts. — R.S., 1985, c. 1 (5th Supp.), s. 63; 1991, c. 49, s. 6; 1994, c. 7, Sch. 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2002, c. 9, s. 206; 2002, c. 9, s. 207; 2002, c. 9, s. 208; 2002, c. 9, s. 209; 2002, c. 9, s. 210; 2002, c. 9, s. 211; 2002, c. 9, s. 212; 2002, c. 9, s. 213; 2002, c. 9, s. 214; 2002, c. 9, s. 215; 2002, c. 9, s. 216; 2002, c. 9, s. 217; 2002, c. 9, s. 218; 2002, c. 9, s. 219; 2002, c. 9, s. 220; 2002, c. 9, s. 221; 2002, c. 9, s. 222; 2002, c. 9, s. 223; 2002, c. 9, s. 224; 2002, c. 9, s. 225; 2002, c. 9, s. 226; 2002, c. 9, s. 227; 2002, c. 9, s. 228; 2002, c. 9, s. 229; 2002, c. 9, s. 230; 2002, c. 9, s. 231; 2002, c. 9, s. 232; 2002, c. 9, s. 233; 2002, c. 9, s. 234; 2002, c. 9, s. 235; 2002, c. 9, s. 236; 2002, c. 9, s. 237; 2002, c. 9, s. 238; 2002, c. 9, s. 239; 2002, c. 9, s. 240; 2002, c. 9, s. 241; 2002, c. 9, s. 242; 2002, c. 9, s. 243; 2002, c. 9, s. 244; 2002, c. 9, s. 245; 2002, c. 9, s. 246; 2002, c. 9, s. 247; 2002, c. 9, s. 248; 2002, c. 9, s. 249; 2002, c. 9, s. 250; 2002, c. 9, s. 251; 2002, c. 9, s. 252; 2002, c. 9, s. 253; 2002, c. 9, s. 254; 2002, c. 9, s. 255; 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2002, c. 9, s. 556; 2002, c. 9, s. 557; 2002, c. 9, s. 558; 2002, c. 9, s. 559; 2002, c. 9, s. 560; 2002, c. 9, s. 561; 2002, c. 9, s. 562; 2002, c. 9, s. 563; 2002, c. 9, s. 564; 2002, c. 9, s. 565; 2002, c. 9, s. 566; 2002, c. 9, s. 567; 2002, c. 9, s. 568; 2002, c. 9, s. 569; 2002, c. 9, s. 570; 2002, c. 9, s. 571; 2002, c. 9, s. 572; 2002, c. 9, s. 573; 2002, c. 9, s. 574; 2002, c. 9, s. 575; 2002, c. 9, s. 576; 2002, c. 9, s. 577; 2002, c. 9, s. 578; 2002, c. 9, s. 579; 2002, c. 9, s. 580; 2002, c. 9, s. 581; 2002, c. 9, s. 582; 2002, c. 9, s. 583; 2002, c. 9, s. 584; 2002, c. 9, s. 585; 2002, c. 9, s. 586; 2002, c. 9, s. 587; 2002, c. 9, s. 588; 2002, c. 9, s. 589; 2002, c. 9, s. 590; 2002, c. 9, s. 591; 2002, c. 9, s. 592; 2002, c. 9, s. 593; 2002, c. 9, s. 594; 2002, c. 9, s. 595; 2002, c. 9, s. 596; 2002, c. 9, s. 597; 2002, c. 9, s. 598; 2002, c. 9, s. 599; 2002, c. 9, s. 600; 2002, c. 9, s. 601; 2002, c. 9, s. 602; 2002, c. 9, s. 603; 2002, c. 9, s. 604; 2002, c. 9, s. 605; 2002, c. 9, s. 606; 2002, c. 9, s. 607; 2002, c. 9, s. 608; 2002, c. 9, s. 609; 2002, c. 9, s. 610; 2002, c. 9, s. 611; 2002, c. 9, s. 612; 2002, c. 9, s. 613; 2002, c. 9, s. 614; 2002, c. 9, s. 615; 2002, c. 9, s. 616; 2002, c. 9, s. 617; 2002, c. 9, s. 618; 2002, c. 9, s. 619; 2002, c. 9, s. 620; 2002, c. 9, s. 621; 2002, c. 9, s. 622; 2002, c. 9, s. 623; 2002, c. 9, s. 624; 2002, c. 9, s. 625; 2002, c. 9, s. 626; 2002, c. 9, s. 627; 2002, c. 9, s. 628; 2002, c. 9, s. 629; 2002, c. 9, s. 630; 2002, c. 9, s. 631; 2002, c. 9, s. 632; 2002, c. 9, s. 633; 2002, c. 9, s. 634; 2002, c. 9, s. 635; 2002, c. 9, s. 636; 2002, c. 9, s. 637; 2002, c. 9, s. 638; 2002, c. 9, s. 639; 2002, c. 9, s. 640; 2002, c. 9, s. 641; 2002, c. 9, s. 642; 2002, c. 9, s. 643; 2002, c. 9, s. 644; 2002, c. 9, s. 645; 2002, c. 9, s. 646; 2002, c. 9, s. 647; 2002, c. 9, s. 648; 2002, c. 9, s. 649; 2002, c. 9, s. 650; 2002, c. 9, s. 651; 2002, c. 9, s. 652; 2002, c. 9, s. 653; 2002, c. 9, s. 654; 2002, c. 9, s. 655; 2002, c. 9, s. 656; 2002, c. 9, s. 657; 2002, c. 9, s. 658; 2002, c. 9, s. 659; 2002, c. 9, s. 660; 2002, c. 9, s. 661; 2002, c. 9, s. 662; 2002, c. 9, s. 663; 2002, c. 9, s. 664; 2002, c. 9, s. 665; 2002, c. 9, s. 666; 2002, c. 9, s. 667; 2002, c. 9, s. 668; 2002, c. 9, s. 669; 2002, c. 9, s. 670; 2002, c. 9, s. 671; 2002, c. 9, s. 672; 2002, c. 9, s. 673; 2002, c. 9, s. 674; 2002, c. 9, s. 675; 2002, c. 9, s. 676; 2002, c. 9, s. 677; 2002, c. 9, s. 678; 2002, c. 9, s. 679; 2002, c. 9, s. 680; 2002, c. 9, s. 681; 2002, c. 9, s. 682; 2002, c. 9, s. 683; 2002, c. 9, s. 684; 2002, c. 9, s. 685; 2002, c. 9, s. 686; 2002, c. 9, s. 687; 2002, c. 9, s. 688; 2002, c. 9, s. 689; 2002, c. 9, s. 690; 2002, c. 9, s. 691; 2002, c. 9, s. 692; 2002, c. 9, s. 693; 2002, c. 9, s. 694; 2002, c. 9, s. 695; 2002, c. 9, s. 696; 2002, c. 9, s. 697; 2002, c. 9, s. 698; 2002, c. 9, s. 699; 2002, c. 9, s. 700; 2002, c. 9, s. 701; 2002, c. 9, s. 702; 2002, c. 9, s. 703; 2002, c. 9, s. 704; 2002, c. 9, s. 705; 2002, c. 9, s. 706; 2002, c. 9, s. 707; 2002, c. 9, s. 708; 2002, c. 9, s. 709; 2002, c. 9, s. 710; 2002, c. 9, s. 711; 2002, c. 9, s. 712; 2002, c. 9, s. 713; 2002, c. 9, s. 714; 2002, c. 9, s. 715; 2002, c. 9, s. 716; 2002, c. 9, s. 717; 2002, c. 9, s. 718; 2002, c. 9, s. 719; 2002, c. 9, s. 720; 2002, c. 9, s. 721; 2002, c. 9, s. 722; 2002, c. 9, s. 723; 2002, c. 9, s. 724; 2002, c. 9, s. 725; 2002, c. 9, s. 726; 2002, c. 9, s. 727; 2002, c. 9, s. 728; 2002, c. 9, s. 729; 2002, c. 9, s. 730; 2002, c. 9, s. 731; 2002, c. 9, s. 732; 2002, c. 9, s. 733; 2002, c. 9, s. 734; 2002, c. 9, s. 735; 2002, c. 9, s. 736; 2002, c. 9, s. 737; 2002, c. 9, s. 738; 2002, c. 9, s. 739; 2002, c. 9, s. 740; 2002, c. 9, s. 741; 2002, c. 9, s. 742; 2002, c. 9, s. 743; 2002, c. 9, s. 744; 2002, c. 9, s. 745; 2002, c. 9, s. 746; 2002, c. 9, s. 747; 2002, c. 9, s. 748; 2002, c. 9, s. 749; 2002, c. 9, s. 750; 2002, c. 9, s. 751; 2002, c. 9, s. 752; 2002, c. 9, s. 753; 2002, c. 9, s. 754; 2002, c. 9, s. 755; 2002, c. 9, s. 756; 2002, c. 9, s. 757; 2002, c. 9, s. 758; 2002, c. 9, s. 759; 2002, c. 9, s. 760; 2002, c. 9, s. 761; 2002, c. 9, s. 762; 2002, c. 9, s. 763; 2002, c. 9, s. 764; 2002, c. 9, s. 765; 2002, c. 9, s. 766; 2002, c. 9, s. 767; 2002, c. 9, s. 768; 2002, c. 9, s. 769; 2002, c. 9, s. 770; 2002, c. 9, s. 771; 2002, c. 9, s. 772; 2002, c. 9, s. 773; 2002, c. 9, s. 774; 2002, c. 9, s. 775; 2002, c. 9, s. 776; 2002, c. 9, s. 777; 2002, c. 9, s. 778; 2002, c. 9, s. 779; 2002, c. 9, s. 780; 2002, c. 9, s. 781; 2002, c. 9, s. 782; 2002, c. 9, s. 783; 2002, c. 9, s. 784; 2002, c. 9, s. 785; 2002, c. 9, s. 786; 2002, c. 9, s. 787; 2002, c. 9, s. 788; 2002, c. 9, s. 789; 2002, c. 9, s. 790; 2002, c. 9, s. 791; 2002, c. 9, s. 792; 2002, c. 9, s. 793; 2002, c. 9, s. 794; 2002, c. 9, s. 795; 2002, c. 9, s. 796; 2002, c. 9, s. 797; 2002, c. 9, s. 798; 2002, c. 9, s. 799; 2002, c. 9, s. 800; 2002, c. 9, s. 801; 2002, c. 9, s. 802; 2002, c. 9, s. 803; 2002, c. 9, s. 804; 2002, c. 9, s. 805; 2002, c. 9, s. 806; 2002, c. 9, s. 807; 2002, c. 9, s. 808; 2002, c. 9, s. 809; 2002, c. 9, s. 810; 2002, c. 9, s. 811; 2002, c. 9, s. 812; 2002, c. 9, s. 813; 2002, c. 9, s. 814; 2002, c. 9, s. 815; 2002, c. 9, s. 816; 2002, c. 9, s. 817; 2002, c. 9, s. 818; 2002, c. 9, s. 819; 2002, c. 9, s. 820; 2002, c. 9, s. 821; 2002, c. 9, s. 822; 2002, c. 9, s. 823; 2002, c. 9, s. 824; 2002, c. 9, s. 825; 2002, c. 9, s. 826; 2002, c. 9, s. 827; 2002, c. 9, s. 828; 2002, c. 9, s. 829; 2002, c. 9, s. 830; 2002, c. 9, s. 831; 2002, c. 9, s. 832; 2002, c. 9, s. 833; 2002, c. 9, s. 834; 2002, c. 9, s. 835; 2002, c. 9, s. 836; 2002, c. 9, s. 837; 2002, c. 9, s. 838; 2002, c. 9, s. 839; 2002, c. 9, s. 840; 2002, c. 9, s. 841; 2002, c. 9, s. 842; 2002, c. 9, s. 843; 2002, c. 9, s. 844; 2002, c. 9, s. 845; 2002, c. 9, s. 846; 2002, c. 9, s. 847; 2002, c. 9, s. 848; 2002, c. 9, s. 849; 2002, c. 9, s. 850; 2002, c. 9, s. 851; 2002, c. 9, s. 852; 2002, c. 9, s. 853; 2002, c. 9, s. 854; 2002, c. 9, s. 855; 2002, c. 9, s. 856; 2002, c. 9, s. 857; 2002, c. 9, s. 858; 2002, c. 9, s. 859; 2002, c. 9, s. 860; 2002, c. 9, s. 861; 2002, c. 9, s. 862; 2002, c. 9, s. 863; 2002, c. 9, s. 864; 2002, c. 9, s. 865; 2002, c. 9, s. 866; 2002, c. 9, s. 867; 2002, c. 9, s. 868; 2002, c. 9, s. 869; 2002, c. 9, s. 870; 2002, c. 9, s. 871; 2002, c. 9, s. 872; 2002, c. 9, s. 873; 2002, c. 9, s. 874; 2002, c. 9, s. 875; 2002, c. 9, s. 876; 2002, c. 9, s. 877; 2002, c. 9, s. 878; 2002, c. 9, s. 879; 2002, c. 9, s. 880; 2002, c. 9, s. 881; 2002, c. 9, s. 882; 2002, c. 9, s. 883; 2002, c. 9, s. 884; 2002, c. 9, s. 885; 2002, c. 9, s. 886; 2002, c. 9, s. 887; 2002, c. 9, s. 888; 2002, c. 9, s. 889; 2002, c. 9, s. 890; 2002, c. 9, s. 891; 2002, c. 9, s. 892; 2002, c. 9, s. 893; 2002, c. 9, s. 894; 2002, c. 9, s. 895; 2002, c. 9, s. 896; 2002, c. 9, s. 897; 2002, c. 9, s. 898; 2002, c. 9, s. 899; 2002, c. 9, s. 900; 2002, c. 9, s. 901; 2002, c. 9, s. 902; 2002, c. 9, s. 903; 2002, c. 9, s. 904; 2002, c. 9, s. 905; 2002, c. 9, s. 906; 2002, c. 9, s. 907; 2002, c. 9, s. 908; 2002, c. 9, s. 909; 2002, c. 9, s. 910; 2002, c. 9, s. 911; 2002, c. 9, s. 912; 2002, c. 9, s. 913; 2002, c. 9, s. 914; 2002, c. 9, s. 915; 2002, c. 9, s. 916; 2002, c. 9, s. 917; 2002, c. 9, s. 918; 2002, c. 9, s. 919; 2002, c. 9, s. 920; 2002, c. 9, s. 921; 2002, c. 9, s. 922; 2002, c. 9, s. 923; 2002, c. 9, s. 924; 2002, c. 9, s. 925; 2002, c. 9, s. 926; 2002, c. 9, s. 927; 2002, c. 9, s. 928; 2002, c. 9, s. 929; 2002, c. 9, s. 930; 2002, c. 9, s. 931; 2002, c. 9, s. 932; 2002, c. 9, s. 933; 2002, c. 9, s. 934; 2002, c. 9, s. 935; 2002, c. 9, s. 936; 2002, c. 9, s. 937; 2002, c. 9, s. 938; 2002, c. 9, s. 939; 2002, c. 9, s. 940; 2002, c. 9, s. 941; 2002, c. 9, s. 942; 2002, c. 9, s. 943; 2002, c. 9, s. 944; 2002, c. 9, s. 945; 2002, c. 9, s. 946; 2002, c. 9, s. 947; 2002, c. 9, s. 948; 2002, c. 9, s. 949; 2002, c. 9, s. 950; 2002, c. 9, s. 951; 2002, c. 9, s. 952; 2002, c. 9, s. 953; 2002, c. 9, s. 954; 2002, c. 9, s. 955; 2002, c. 9, s. 956; 2002, c. 9, s. 957; 2002, c. 9, s. 958; 2002, c. 9, s. 959; 2002, c. 9, s. 960; 2002, c. 9, s. 961; 2002, c. 9, s. 962; 2002, c. 9, s. 963; 2002, c. 9, s. 964; 2002, c. 9, s. 965; 2002, c. 9, s. 966; 2002, c. 9, s. 967; 2002, c. 9, s. 968; 2002, c. 9, s. 969; 2002, c. 9, s. 970; 2002, c. 9, s. 971; 2002, c. 9, s. 972; 2002, c. 9, s. 973; 2002, c. 9, s. 974; 2002, c. 9, s. 975; 2002, c. 9, s. 976; 2002, c. 9, s. 977; 2002, c. 9, s. 978; 2002, c. 9, s. 979; 2002, c. 9, s. 980; 2002, c. 9, s. 981; 2002, c. 9, s. 982; 2002, c. 9, s. 983; 2002, c. 9, s. 984; 2002, c. 9, s. 985; 2002, c. 9, s. 986; 2002, c. 9, s. 987; 2002, c. 9, s. 988; 2002, c. 9, s. 989; 2002, c. 9, s. 990; 2002, c. 9, s. 991; 2002, c. 9, s. 992; 2002, c. 9, s. 993; 2002, c. 9, s. 994; 2002, c. 9, s. 995; 2002, c. 9, s. 996; 2002, c. 9, s. 997; 2002, c. 9, s. 998; 2002, c. 9, s. 999; 2002, c. 9, s. 1000; 2002, c. 9, s. 1001; 2002, c. 9, s. 1002; 2002, c. 9, s. 1003; 2002, c. 9, s. 1004; 2002, c. 9, s. 1005; 2002, c. 9, s. 1006; 2002, c. 9, s. 1007; 2002, c. 9, s. 1008; 2002, c. 9, s. 1009; 2002, c. 9, s. 1010; 2002, c. 9, s. 1011; 2002, c. 9, s. 1012; 2002, c. 9, s. 1013; 2002, c. 9, s. 1014; 2002, c. 9, s. 1015; 2002, c. 9, s. 1016; 2002, c. 9, s. 1017; 2002, c. 9, s. 1018; 2002, c. 9, s. 1019; 2002, c. 9, s. 1020; 2002, c. 9, s. 1021; 2002, c. 9, s. 1022; 2002, c. 9, s. 1023; 2002, c. 9, s. 1024; 2002, c. 9, s. 1025; 2002, c. 9, s. 1026; 2002, c. 9, s. 1027; 2002, c. 9, s. 1028; 2002, c. 9, s. 1029; 2002, c. 9, s. 1030; 2002, c. 9, s. 1031; 2002, c. 9, s. 1032; 2002, c. 9, s. 1033; 2002, c. 9, s. 1034; 2002, c. 9, s. 1035; 2002, c. 9, s. 1036; 2002, c. 9, s. 1037; 2002, c. 9, s. 1038; 2002, c. 9, s. 1039; 2002, c. 9, s. 1040; 2002, c. 9, s. 1041; 2002, c. 9, s. 1042; 2002, c. 9, s. 1043; 2002, c. 9, s. 1044; 2002, c. 9, s. 1045; 2002, c. 9, s. 1046; 2002, c. 9, s. 1047; 2002, c. 9, s. 1048; 2002, c. 9, s. 1049; 2002, c. 9, s. 1050; 2002, c. 9, s. 1051; 2002, c. 9, s. 1052; 2002, c. 9, s. 1053; 2002, c. 9, s. 1054; 2002, c. 9, s. 1055; 2002, c. 9, s. 1056; 2002, c. 9, s. 1057; 2002, c. 9, s. 1058; 2002, c. 9, s. 1059; 2002, c. 9, s. 1060; 2002, c. 9, s. 1061; 2002, c. 9, s. 1062; 2002, c. 9, s. 1063; 2002, c. 9, s. 1064; 2002, c. 9, s. 1065; 2002, c. 9, s. 1066; 2002, c. 9, s. 1067; 2002, c. 9, s. 1068; 2002, c. 9, s. 1069; 2002, c. 9, s. 1070; 2002, c. 9, s. 1071; 2002, c. 9, s. 1072; 2002, c. 9, s. 1073; 2002, c. 9, s. 1074; 2002, c. 9, s. 1075; 2002, c. 9, s. 1076; 2002, c. 9, s. 1077; 2002, c. 9, s. 1078; 2002, c. 9, s. 1079; 2002, c. 9, s. 1080; 2002, c. 9, s. 1081; 2002, c. 9, s. 1082; 2002, c. 9, s. 1083; 2002, c. 9, s. 1084; 2002, c. 9, s. 1085; 2002, c. 9, s. 1086; 2002, c. 9, s. 1087; 2002, c. 9, s. 1088; 2002, c. 9, s. 1089; 2002, c. 9, s. 1090; 2002, c. 9, s. 1091; 2002, c. 9, s. 1092; 2002, c. 9, s. 1093; 2002, c. 9, s. 1094; 2002, c. 9, s. 1095; 2002, c. 9, s. 1096; 2002, c. 9, s. 1097; 2002, c. 9, s. 1098; 2002, c. 9, s. 1099; 2002, c. 9, s. 1100; 2002, c. 9, s. 1101; A - B where Income Tax PART I Income Tax DIVISION B Computation of Income
Where a share or debt obligation of a public corporation has been lawfully distributed to the public in accordance with a prospectus, registration statement or similar document filed with a public authority in Canada pursuant to and in accordance with the law of Canada or of any province, and, where required by law, accepted for filing by that public authority, the corporation, if it has designated an amount under subsection 194(4) in respect of the share or debt obligation, may, in the prescribed form required to be filed under that subsection, elect that, for the purposes of this section, the first person, other than a broker or dealer in securities, to have acquired the share or debt obligation, as the case may be, (and no other person) shall be considered to be the first person to be a registered holder thereof. Calculation of consideration (a) for the purposes of this section and Part VIII, the amount of consideration for which a share, debt obligation or right was acquired and issued or granted includes the amount of any consideration for the designation made under subsection 194(4) in respect of the share, debt obligation or right; and (b) the amount received by a corporation as consideration for a designation under subsection 194(4) in respect of a share, debt obligation or right issued or granted by it shall not be included in computing its income. approved share means a share of the capital stock of a prescribed labour-sponsored venture capital corporation, but does not include (a) a share issued by a registered labour-sponsored venture capital corporation the venture capital business of which was discontinued before the time of the issue, and (b) a share issued by a prescribed labour-sponsored venture capital corporation that is not a registered labour-sponsored venture capital corporation if, at the time of the issue, no province under the laws (the laws described in section 6701 of the Income Tax Regulations) of which the corporation is registered or established provides assistance in respect of the acquisition of the share; (action approuvée) net cost to an individual of an approved share means the amount, if any, by which (a) the amount of consideration paid by the individual to acquire or subscribe for the share (b) the amount of any assistance (other than an amount included in computing a tax credit of the individual in respect of that share) provided or to be provided by a government, municipality or any public authority in respect of, or for the acquisition of, the share; (coût net) original acquisition of a share means the first acquisition of the share, except that (a) where the share is irrevocably subscribed and paid for before its first acquisition, subject to paragraphs (b) and (c), the original acquisition of the share is the first transaction whereby the share is irrevocably subscribed and paid for, (b) a share is deemed never to have been acquired and never to have been irrevocably subscribed and paid for unless the first registered holder of the share is, subject to paragraph (c), the first person to either acquire or irrevocably subscribe and pay for the share, and (c) for the purpose of this definition, a broker or dealer in securities acting in that capacity is deemed never to acquire or subscribe and pay for the share and never to be the registered holder of the share; (acquisition initiale) qualifying trust for an individual in respect of a share means (a) a trust governed by a registered retirement savings plan, under which the individual is the annuitant, that is not a spousal or common-law partner plan (in this definition having the meaning assigned by subsection 146(1)) in relation to another individual, (b) a trust governed by a registered retirement savings plan, under which the individual or the individual’s spouse or common-law partner is the annuitant, that is a spousal or common-law partner plan in relation to the individual or the individual’s spouse or common-law partner, if the individual and no other person claims a deduction under subsection (2) in respect of the share, or (c) a trust governed by a TFSA of which the individual is the holder. (fiducie admissible) tax otherwise payable by an individual means the amount that, but for this section, would be the individual's tax payable under this Part. (impôt payable par ailleurs) Deduction of labour-sponsored funds tax credit
Impôt sur le revenu
There may be deducted from the tax otherwise payable by an individual (other than a trust) for a taxation year such amount as the individual claims not exceeding the individual's labour-sponsored funds tax credit limit for the year. Labour-sponsored funds tax credit limit
For the purpose of subsection 127.4(2), an individual's labour-sponsored funds tax credit limit for a taxation year is the lesser of (b) the amount, if any, by which (i) the total of all amounts each of which is the individual's labour-sponsored funds tax credit in respect of an original acquisition in the year or in the first 60 days of the following taxation year of an approved share (ii) the portion of the total described in subparagraph 127.4(5)(b)(i) that was deducted under subsection 127.4(2) in computing the individual's tax payable under this Part for the preceding taxation year. Deemed original acquisition (5.1) If the Minister so directs, an original acquisition of an approved share that occurs in an individual’s taxation year (other than in the first 60 days of the year) is deemed for the purpose of this section to have occurred at the beginning of the year and not at the time it actually occurred. Labour-sponsored funds tax credit
For the purpose of subsection (5), an individual’s labour-sponsored funds tax credit in respect of an original acquisition of an approved share is equal to the least of (a) 15% of the net cost to the individual (or to a qualifying trust for the individual in respect of the share) for the original acquisition of the share by the individual or by the trust, if the share is a share of a prescribed labour-sponsored venture capital corporation (other than a corporation that is a prescribed labour-sponsored venture capital corporation solely because it is a registered labour-sponsored venture capital corporation), (a.1) 5% of the net cost to the individual (or to a qualifying trust for the individual in respect of the share) for the original acquisition of the share by the individual or by the trust, if (i) the taxation year for which a claim is made under subsection (2) in respect of the original acquisition is 2016, and (ii) the share is a share of a corporation that is a prescribed labour-sponsored venture capital corporation solely because it is a registered labour-sponsored venture capital corporation, (i) the taxation year for which a claim is made under subsection (2) in respect of the original acquisition is after 2016, and (ii) the share is a share of a corporation that is a prescribed labour-sponsored venture capital corporation solely because it is a registered labour-sponsored venture capital corporation, (b) nil, where the share was issued by a registered labour-sponsored venture capital corporation unless the information return described in paragraph 204.81(6)(c) is filed with the individual’s return of income for the taxation year for which a claim is made under subsection 127.4(2) in respect of the original acquisition of the share (other than a return of income filed under subsection 70(2), paragraph 104(23)(d) or 128(2)(e) or subsection 150(4)), (c) nil, where the individual dies after December 5, 1996 and before the original acquisition of the share, (d) nil, where a payment in respect of the disposition of the share has been made under section 211.9, and (e) nil, if the share is issued in exchange for another share of the corporation.
l’article 118.3 ou quelqu’un qui, d’après l’attestation écrite d’un médecin, dépend et dépendra vraisemblablement d’autrui pour ses besoins et soins personnels en raison de sa déficience et a, par conséquent, besoin de la présence d’un préposé à plein temps, (K) si le contribuable a une déficience grave et prolongée des fonctions physiques ou mentales, en règlement du coût de services de formation particulière en milieu de travail (sauf les services de placement ou d’orientation professionnelle), à une personne dont l’entreprise consiste à fournir de tels services, si le contribuable est quelqu’un qui, d’après l’attestation écrite d’un médecin, a besoin de ces services en raison de sa déficience, (L) si le contribuable est aveugle ou a des troubles d’apprentissage graves, en règlement du coût de services de lecture, à une personne dont l’entreprise consiste à fournir de tels services, si le contribuable est quelqu’un qui, d’après l’attestation d’un médecin, a besoin de ces services en raison de sa déficience ou de son trouble, (M) si le contribuable est atteint à la fois de cécité et de surdité profonde, en règlement du coût de services d’intervention pour les personnes sourdes et aveugles, à une personne dont l’entreprise consiste à fournir de tels services, (N) si le contribuable a un trouble de la parole, en règlement du coût d’un tableau Bliss ou d’un appareil semblable, obtenu sur l’ordonnance d’un médecin, à l’aide duquel le contribuable peut communiquer en sélectionnant des symboles ou en épelant des mots, (O) si le contribuable est aveugle, en règlement du coût d’un appareil de prise de notes en braille, obtenu sur l’ordonnance d’un médecin, qui permet au contribuable de prendre des notes à l’aide d’un clavier et de les imprimer ou les afficher en braille ou de se les faire relire, (P) si le contribuable a une déficience grave et prolongée des fonctions physiques qui limite de façon marquée sa capacité de se servir de ses bras ou mains, en règlement du coût d’un tourne-pages, obtenu sur l’ordonnance d’un médecin, à l’aide duquel le contribuable peut tourner les pages d’un livre ou d’un autre document relié, (Q) si le contribuable est aveugle, ou a des troubles d’apprentissage graves, en règlement du coût d’un appareil ou d’un logiciel prescrit par un Income Tax PART I Income Tax DIVISION B Computation of Income
(a) all amounts each of which is an amount determined by the formula A is the tax payable under Part XII.4 by a qualifying environmental trust for a taxation year (in this paragraph referred to as the “trust’s year”) that ends in the particular year, B is the amount, if any, by which the total of all amounts in respect of the trust that were included (otherwise than because of being a member of a partnership) because of the application of subsection 107.3(1) in computing the taxpayer’s income for the particular year exceeds the total of all amounts in respect of the trust that were deducted (otherwise than because of being a member of a partnership) because of the application of subsection 107.3(1) in computing that income, and C is the trust’s income for the trust’s year, computed without reference to subsections 104(4) to 104(31) and sections 105 to 107, and (b) in respect of each partnership of which the taxpayer was a member, the total of all amounts each of which is the amount that can reasonably be considered to be the taxpayer’s share of the relevant credit in respect of the partnership and, for this purpose, the relevant credit in respect of a partnership is the amount that would, if a partnership were a person and its fiscal period were its taxation year, be the Part XII.4 tax credit of the partnership for its taxation year that ends in the particular year. Reduction of Part I tax
(b) the total of (A) $15,000, [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 64; 1994, c. 7, Sch. II, s. 37; 1996, c. 23, s. 174; 1998, c. 19, s. 118; 2000, c. 12, s. 142; 2001, c. 17, s. 43; 2005, c. 19, s. 15; 2006, c. 4, s. 53; 2007, c. 2, s. 9. Impôt sur le revenu
There may be deducted from a taxpayer’s tax otherwise payable under this Part for a taxation year such amount as the taxpayer claims not exceeding the taxpayer’s Part XII.4 tax credit for the year. Deemed payment of Part I tax
There is deemed to have been paid on account of the tax payable under this Part by a taxpayer (other than a taxpayer exempt from such tax) for a taxation year on the taxpayer’s balance-due day for the year, such amount as the taxpayer claims not exceeding the amount, if any, by which (a) the taxpayer’s Part XII.4 tax credit for the year (b) the amount deducted under subsection 127.41(2) in computing the taxpayer’s tax payable under this Part for the year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.]
designated province means a province specified by the Minister of Finance for a calendar year. (province déterminée) eligible farming expenses, of a taxpayer for a designated province for a taxation year, means the amount determined by the formula (a) nil, if the total of all amounts deducted in the year by the taxpayer in computing income under this Part from farming activities, excluding any deductions arising from inventory adjustments under section 28 and from transactions with persons that do not deal at arm’s length with the taxpayer, is less than $25,000, and (b) in any other case, the total of all amounts deducted in the year by the taxpayer in computing income under this Part from farming activities, excluding any deductions arising from inventory adjustments under section 28 and from transactions with persons that do not deal at arm’s length with the taxpayer; and B is the taxpayer’s relevant proportion for the designated province for the taxation year. (dépenses agricoles admissibles) farming activities means a farming business, including or excluding activities prescribed by regulation. (activités agricoles) payment rate, for a calendar year for a designated province, means the rate specified by the Minister of Finance for the calendar year for the designated province. (taux de paiement) relevant proportion, of eligible farming expenses of a taxpayer for a designated province for a taxation year, means (a) if the taxpayer is an individual, the proportion determined by the formula A is the individual’s income for the year from farming activities that is deemed to have been earned in the year in the designated province in accordance with Part XXVI of the Income Tax Regulations, and B is the whole of the individual’s income from farming activities for the year; (b) if the taxpayer is a corporation, the proportion determined by the formula C is the corporation’s taxable income for the year that is deemed to have been earned in the year in the (b) if the taxpayer is a corporation, the proportion determined by the formula C is the corporation’s taxable income that is deemed to have been earned in the year in the designated province in accordance with Part IV of the Income Tax Regulations, and D is the whole of the corporation’s taxable income for the year; and (c) if the taxpayer is a partnership, the proportion determined by the formula E is the partnership’s income for the fiscal period of the partnership from farming activities that would be deemed to have been earned in the year in the designated province, computed in accordance with Part XXVI of the Income Tax Regulations as if the partnership were an individual, and F is the whole of the partnership’s income from farming activities for the fiscal period of the partnership. (proportion pertinente) Deemed payment on account of tax
A taxpayer (other than a partnership) that files a prescribed form containing prescribed information with their return of income for a taxation year is deemed, on their balance-due day for the year, to have paid on account of their tax payable under this Part for the year, the total of all amounts each of which is an amount, for each designated province and for each calendar year a portion of which falls within the taxation year, determined by the formula A is the payment rate for the calendar year for the designated province; B is the taxpayer’s eligible farming expenses for the designated province for the taxation year; C is the number of days within the taxation year that fall within the calendar year; and D is the number of days in the taxation year. Deemed payment on account of tax — partnership
(Q) si le contribuable est aveugle ou a des troubles d’apprentissage graves, en règlement du coût d’un instrument ou d’un logiciel, obtenu sur l’ordonnance d’un médecin, conçu pour permettre au contribuable de lire des caractères imprimés, (iii) est attesté par un ou plusieurs reçus présentés au ministre et qui, chacun, ont été délivrés par le bénéficiaire du paiement et portent, lorsque celui-ci est une personne visée à l’élément (ii)(J), le numéro d’assurance sociale de cette personne, (iv) n’est pas inclus dans le calcul de la déduction prévue à l’article 118.2 pour un contribuable et une année d’imposition quelconques, B le total des montants dont chacun est un remboursement ou une autre forme d’aide (sauf une aide visée par règlement ou un montant qui est inclus dans le calcul du revenu d’un contribuable et qui n’est pas déductible dans le calcul de son revenu imposable) qu’un contribuable a ou avait le droit de recevoir à l’égard d’un montant inclus dans le calcul de la valeur de l’élément A; b) le total des montants suivants : (i) le total des montants représentant chacun : (A) soit un montant inclus en application des articles 5, 6 ou 7 ou des alinéas 56(1)n), o) ou r) dans le calcul du revenu du contribuable pour l’année, (B) soit le revenu du contribuable pour l’année tiré d’une entreprise qu’il exploite seul ou activement comme associé, (ii) si le contribuable fréquente un établissement d’enseignement agréé ou une école secondaire où il est inscrit à un programme d’études, le moins élevé des montants suivants : (A) 15 000 $, (B) le produit de 375 $ par le nombre de semaines de l’année où il fréquente l’établissement ou l’école, (C) l’excédent éventuel du montant qui correspondrait à son revenu pour l’année, si l’on n’était pas tenu compte du présent article, sur le total déterminé à son égard pour l’année selon le sous-alinéa (i). [NOTE : Les dispositions d’application ne sont pas incluses dans le présent texte codifié; voir lois et règlements modificatifs applicables.] L.R. (1985), ch. 1 (5e suppl.), art. 64; 1994, ch. 7, ann. II, art. 37; 1996, ch. 23, art. 174; 1998, ch. 19, art. 118; 2000, ch. 12, art. 142; 2001, ch. 17, art. 43; 2005, ch. 19, art. 15; 2006, ch. 4, art. 53; 2007, ch. 2, art. 9. Income Tax PART I Income Tax DIVISION B Computation of Income Sections 64-65 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 64.1; 1999, c. 22, s. 19. (a) a natural accumulation of petroleum or natural gas, oil or gas well, mineral resource or timber limit, Income Tax PART I Income Tax DIVISION B Computation of Income
If a taxpayer (other than a partnership) is a member of a partnership at the end of a fiscal period of the partnership that ends in a taxation year of the taxpayer and the partnership files a prescribed form containing prescribed information for that fiscal period and the taxpayer files a prescribed form containing prescribed information with its return of income for the taxation year — the taxpayer is deemed, on the taxpayer’s balance-due day for the taxation year, to have paid on account of their tax payable under this Part for the year, the total of all amounts each of which is an amount, for each designated province and for each calendar year a portion of which falls within the partnership’s fiscal period, determined by the formula A is the payment rate for the calendar year for the designated province; B is the partnership’s eligible farming expenses for the designated province for the fiscal period; C is the number of days within the fiscal period that fall within the calendar year; D is the number of days in the fiscal period; and Partnerships
Lessee’s share of allowance [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 65; 2013, c. 34, s. 110. Impôt sur le revenu
For the purposes of this section, (a) a taxpayer includes a partnership; (b) the fiscal period of a partnership is deemed to be its taxation year; and (c) if a taxpayer is a member of a particular partnership that is a member of another partnership, the taxpayer is deemed (i) to be a member of the other partnership, and (ii) to have a specified proportion in the other partnership for a fiscal period of the other partnership equal to its specified proportion of the particular partnership — for the last fiscal period of the particular partnership that ends in the fiscal period of the other partnership — multiplied by the particular partnership’s specified proportion of the other partnership for the fiscal period of the other partnership. (a) the designated provinces; and (b) the payment rate for a designated province.
For the purposes of this section, if the Minister of Finance does not specify the payment rate for a designated province under paragraph (5)(b), the payment rate is deemed to be nil. When assistance received
For the purposes of this Act, and for greater certainty, an amount that a taxpayer is deemed under subsection (2) or (3) to have paid for a taxation year is assistance received by the taxpayer from a government immediately before the end of the year. Relevant proportion — special rule
For purposes of determining the relevant proportion of eligible farming expenses of a taxpayer for a designated province in a taxation year, (a) if the income of an individual or partnership from farming activities for the year is nil, the income for the year from farming activities that is deemed to have been earned in the year in the designated province shall be computed in accordance with Part XXVI of the Income Tax Regulations as if the individual or partnership earned $1,000,000 of income from farming activities; and (b) if the taxable income of a corporation is nil, the corporation’s taxable income that is deemed to have been earned in the year in the designated province shall be computed in accordance with Part IV of the Income Tax Regulations as if the corporation had taxable income for the year in the amount of $1,000,000. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2022, c. 5, s. 5.
b) de la transformation de minerais (à l’exclusion du minerai de fer et des sables asphaltitiques) tirés de ressources minérales, jusqu’à un stade qui ne dépasse pas celui du métal primaire ou de son équivalent; c) de la transformation de minerai de fer tiré de ressources minérales, jusqu’à un stade qui ne dépasse pas celui de la boulette ou de son équivalent; d) de la transformation de sables asphaltitiques tirés de ressources minérales, jusqu’à un stade qui ne dépasse pas celui du pétrole brut ou de son équivalent que le contribuable est autorisé à déduire par règlement. Disposition réglementaire
designated province means a province specified by the Minister of Finance for a calendar year. (province déterminée) fuel return specified, for a designated province for a calendar year, means the amount specified by the Minister of Finance for a person employed by a corporation for the designated province for the calendar year. (montant lié aux carburants spécifié) person employed, by a corporation for a calendar year, means a person who was at any time in the calendar year employed by the corporation and in respect of whom the corporation issued (or a payroll service provider issued on behalf of the corporation) a statement of remuneration paid. (personne employée)
Il est entendu que, dans le cas d’une disposition réglementaire prise en vertu du paragraphe (1) et permettant à un contribuable de déduire une somme au titre d’un gisement naturel de pétrole ou de gaz naturel, d’un puits de pétrole ou de gaz, de ressources minérales ou de la transformation de minerais, a) il peut être permis au contribuable par cette disposition réglementaire de déduire une somme au titre de tout ou partie : (i) des gisements naturels de pétrole ou de gaz naturel, des puits de pétrole ou de gaz ou des ressources minérales, sur lesquels le contribuable a un intérêt ou, pour l’application du droit civil, un droit, (ii) des activités de transformation visées à l’un des alinéas (1)b), c) et d) et qui sont effectuées par le contribuable; b) malgré les autres dispositions de la présente loi, le gouverneur en conseil peut établir par règlement la formule qui doit déterminer la somme que le contribuable peut être permis de déduire par cette disposition réglementaire. Part du preneur dans les déductions
A corporation that files, on or before July 15, 2024, a return of income for a taxation year ending in 2023 (other than a final return on dissolution) is deemed to have paid a tax specified by the Minister of Finance, on account of tax payable under this Part for that taxation year, the total of all amounts, each of which is an amount, for each designated province, for each calendar year that is 2019, 2020, 2021, 2022 and 2023, determined by the formula is the fuel return specified for the designated province, for the calendar year; (a) if the total number of persons each of whom was a person employed by the corporation in a province at any time in the calendar year exceeds 499, nil, and (b) in any other case, the total number of persons, each of whom was a person employed by the corporation in the designated province in the calendar year; and (a) if the corporation was a Canadian-controlled private corporation at all times in the taxation year ending in 2023, 1, and (b) in any other case, nil. Deemed amount after 2023
Lorsqu’une déduction est permise, en vertu du paragraphe (1), relativement à une mine de charbon exploitée par un preneur, le bailleur et le preneur peuvent convenir de la fraction de la somme qui sera déduite par chacun d’eux et, en cas de désaccord, le ministre peut fixer leurs fractions respectives. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R., (1985), ch. 1 (5e suppl.), art. 65; 2013, ch. 34, art. 110. (ii) the total of exceeds (B) à un moment où il résidait au Canada, (C) s’il est devenu résident du Canada avant la fin de l’année, après le dernier moment (antérieur à la fin de l’année) où il est devenu résident du Canada, sur le total des montants suivants : (ii) la partie des frais visés au sous-alinéa (i) qui était déductible dans le calcul du revenu du contribuable pour une année d’imposition antérieure, (iii) les montants qui, par l’effet du paragraphe 80(8), sont à appliquer en réduction de l’excédent visé au présent alinéa relativement au contribuable au plus tard à la fin de l’année, b) sur ce total, le plus élevé des montants suivants : (i) le montant éventuel que le contribuable déduit, jusqu’à concurrence de 10 % du montant déterminé à son égard pour l’année selon l’alinéa a), (ii) la somme des montants suivants : (A) la partie du revenu du contribuable pour l’année, déterminé compte non tenu du présent paragraphe et du paragraphe 66.21(4), qu’il est raisonnable de considérer comme étant attribuable : (I) soit à la production de pétrole ou de gaz naturel tiré de gisements naturels ou de puits de pétrole ou de gaz, situés à l’étranger, (II) soit à la production de minéraux provenant de mines situées à l’étranger, (B) son revenu pour l’année tiré de redevances afférentes à un gisement naturel de pétrole ou de gaz naturel, à un puits de pétrole ou de gaz, situés à l’étranger, déterminé compte non tenu du présent paragraphe et du paragraphe 66.21(4), (C) le total des montants représentant chacun un montant afférent à un avoir minier étranger dont il a disposé, égal à l’excédent éventuel du montant visé à la subdivision (I) sur le total visé à la subdivision (II) : (I) le montant inclus dans le calcul de son revenu pour l’année, en application du paragraphe 59(1), relativement à la disposition, (II) le total des montants représentant chacun la partie d’un montant déduit en application Income Tax PART I Income Tax DIVISION B Computation of Income
A corporation that files a return of income for a particular taxation year ending in a calendar year after 2023 (other than a final return on dissolution) is, if the return is filed on or before July 15 of the following calendar year, deemed to have paid on its balance-due day for the year, on account of tax payable under this Part for the particular taxation year, the total of all amounts, each of which is an amount, for each designated province for the calendar year, determined by the formula A is the fuel return specified for the designated province, for the calendar year; (a) if the total number of persons each of whom was a person employed by the corporation in a province at any time in the calendar year exceeds 499, nil, and (b) in any other case, the total number of persons, each of whom was a person employed by the corporation in the designated province in the calendar year; and (a) if the corporation was a Canadian-controlled private corporation at all times in the particular taxation year, 1, and (b) in any other case, nil. (a) the designated provinces; and
Country-by-country FEDE allocations Method of allocation (i) the taxpayer’s specified foreign exploration and development expenses in respect of the country, Impôt sur le revenu
(b), the fuel return specified for the designated province for the calendar year is deemed to be nil. Assistance received
For the purposes of this Act, an amount deemed by this section to have been paid on account of tax payable for a taxation year is assistance received by the taxpayer from a government in the taxation year in which the assistance is received. Deemed rebate in respect of fuel charges
An amount for a designated province included in the total of all amounts deemed by this section to have been paid on account of tax payable for a taxation year is deemed to have been paid during the taxation year as a rebate in respect of charges levied under Part 1 of the Greenhouse Gas Pollution Pricing Act in respect of the designated province.
For the purposes of subsection (2), where there has been an amalgamation or merger of two or more corporations before 2023, the corporation filing a return of income in 2023 is deemed to be the same corporation as and a continuation of each predecessor corporation that was registered with the Minister to make remittances required under section 153 under the corporation’s 2023 business number.
(III) du paragraphe 66.7(2) dans le calcul de son revenu pour l’année : 1 d’une part, qu’il est raisonnable de considérer comme se rapportant à un avoir minier étranger, 2 d’autre part, qu’il n’est pas raisonnable de considérer comme ayant réduit le montant déterminé par ailleurs à son égard pour l’année selon la division (A) ou (B). Attribution par pays (4.1) Il est entendu que la partie d’un montant déduit, en application du paragraphe (4), dans le calcul du revenu d’un contribuable pour une année d’imposition qui est raisonnable de considérer comme étant afférente à des frais d’exploration et d’aménagement à l’étranger déterminés du contribuable se rapportant à un pays est attribuable à une source située dans ce pays. Méthode d’attribution (4.2) Pour l’application du paragraphe (4.1), lorsqu’un contribuable a engagé des frais d’exploration et d’aménagement à l’étranger déterminés se rapportant à plusieurs pays, le montant attribué à chacun de ces pays pour une année d’imposition est déterminé d’une manière qui, à la fois : a) est raisonnable compte tenu des circonstances, y compris l’importance des éléments suivants et le moment auquel ils ont été engagés ou réalisés, selon le cas : (i) les frais d’exploration et d’aménagement à l’étranger déterminés du contribuable se rapportant au pays, (ii) les bénéfices ou les gains auxquels ces frais se rapportent; b) n’est pas incompatible avec l’attribution effectuée en application du paragraphe (4.1) pour l’année d’imposition précédente. Déduction des frais d’exploration et d’aménagement à l’étranger — changement de résidence (4.3) Lorsqu’un particulier devient résident du Canada au cours d’une année d’imposition ou cesse de l’être, les règles suivantes s’appliquent : a) le paragraphe (4) s’applique à lui comme si l’année était constituée de la ou des périodes de l’année tout au long desquelles il a résidé au Canada; Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of subsections (2) and (3), the number of persons employed by a corporation in a calendar year after 2022 is deemed to be nil in that year if the corporation is formed by an amalgamation or merger in that calendar year. Province of employment
Dealers
For the purposes of this section, if a person is employed by the same corporation in more than one province in a calendar year, the person is deemed to be employed throughout the calendar year by that corporation in the province in respect of which the person has received the highest amount of remuneration paid by the corporation and is deemed not to be employed in any other province in the calendar year. Deemed taxation year
to (10.3) [Repealed, 1997, c. 25, s. 13(1)] Idem Impôt sur le revenu
For the purposes of subsection (3), if a corporation has more than one taxation year ending in the same calendar year, the particular taxation year is the first taxation year that ends in that calendar year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2024, c. 17, s. 35.
assistance means an amount, other than a prescribed amount or an amount deemed under subsection (2) to have been paid, that would be included under paragraph 12(1)(x) in computing an eligible entity’s income for any taxation year if that paragraph were read without reference to subparagraphs 12(1)(x)(v) to (vii). (montant d’aide) eligible entity, for a taxation year, means (a) a qualifying corporation for the taxation year; (b) an individual other than a trust; or qualifying corporation, for a particular taxation year, means a particular corporation that meets the following conditions: (a) it is a Canadian-controlled private corporation or would be a Canadian-controlled private corporation absent the application of subsection 136(1); and (b) it is the case that A is the particular corporation’s taxable capital employed in Canada (in this formula, within the meaning assigned by section 181.2 or 181.3) for its immediately preceding taxation year, and B is the total of all amounts, each of which is the taxable capital employed in Canada of a corporation that is associated in the particular taxation year with the particular corporation for the associated corporation’s last taxation year that ended before the beginning of the particular taxation year. (société admissible) qualifying expenditure means an outlay or expense prescribed by regulation that is made or incurred by an eligible entity during the qualifying period in the course of the eligible entity's ordinary commercial activities. qualifying location, of an eligible entity, means real or immovable property (other than property that is a self-contained domestic establishment, or part of such a self-contained domestic establishment, the land subsequent to the self-contained domestic establishment and such portion of any immediately contiguous land as can reasonably be regarded as contributing to the use and enjoyment of the self-contained domestic establishment as a residence) in Canada used by the eligible entity primarily in the course of its ordinary commercial activities. qualifying period means the period that begins on September 1, 2021 and ends on December 31, 2022. (période d’admissibilité) total per location expense, for a qualifying location of an eligible entity for a taxation year, means the lesser of (a) the amount determined by the formula A is the total of all amounts, each of which is a qualifying expenditure of the eligible entity made or incurred in the taxation year in respect of the qualifying location (or, for the first taxation year that ends after 2021, the qualifying expenditures made or incurred in respect of the qualifying location from the start of the qualifying period to the end of that first taxation year), and B is the total of all amounts, each of which is an amount of assistance that (i) the eligible entity has received, is entitled to receive or can reasonably be expected to receive, in respect of amounts described in A, and (ii) has not been repaid before the end of the taxation year pursuant to a legal obligation to do so; and (b) the amount determined by the formula C is the total of all amounts, each of which is a qualifying expenditure in respect of the qualifying location and (i) is a qualifying expenditure of the eligible entity, in respect of which an amount under subsection (2) or (3) is deemed to have been paid in a prior taxation year, or (ii) is a qualifying expenditure of another eligible entity that is affiliated during the qualifying period with the eligible entity, in respect of which an amount under subsection (2) or (3) is deemed to have been paid in any taxation year. total ventilation expense, of an eligible entity for a taxation year, means the lesser of (a) the total of all amounts, each of which is a total per location expense for a qualifying location of the eligible entity for the taxation year; and (b) the amount determined by the formula (i) 100%, unless the eligible entity is affiliated at any time in the qualifying period with one or more other eligible entities that are deemed to have paid an amount under subsection (2) in respect of the qualifying period, or, in the case of a partnership, has a member that is deemed to have paid an amount under subsection (3) in respect of the partnership, (ii) a percentage assigned to the eligible entity under an agreement, if (A) the agreement is entered into by the eligible entity and each eligible entity that (I) is affiliated with the eligible entity in the qualifying period, and (II) is deemed to have paid an amount under subsection (2) in respect of the qualifying period, or, in the case of a partnership, has a member that is deemed to have paid an amount under subsection (3) in respect of the partnership, (B) the agreement is filed in prescribed form and manner with the Minister by the eligible entity and each eligible entity referred to in clause (A), (C) the agreement assigns, for the purposes of this definition, a percentage in respect of each eligible entity referred to in clause (A), and Y represents the total of sums representing each time an eligible expense is allocated to the eligible entity, in the case of: (i) an eligible expense of the eligible entity determined for which a sum is deemed to have been paid under subsections (2) or (3) in a prior taxation year, (ii) an eligible expense of another eligible entity determined affiliated with the eligible entity during the qualifying period for which a sum is deemed to have been paid under subsections (2) or (3) in a taxation year. (total per location expense) (D) the total of all the percentages assigned under the agreement does not exceed 100%, and (iii) in any other case, nil, and Y is the total of all amounts, each of which is the total ventilation expense of the eligible entity for a prior taxation year in respect of which an amount is deemed to have been paid under subsection (2) or (3). (dépense totale de ventilation) Refundable tax credit
An eligible entity (other than a partnership) that files a prescribed form containing prescribed information with its return of income for a taxation year that ends after 2021 is deemed to have, on its balance-due day for the year, paid on account of its tax payable under this Part for the year an amount equal to 25% of its total ventilation expense for the taxation year. Refundable tax credit — partnership
If an eligible entity (other than a partnership) is a member of a partnership at the end of a fiscal period of the partnership that ends after 2021 and that ends in a taxation year of the eligible entity — and the partnership files an information return in prescribed form containing prescribed information for that fiscal period and the eligible entity files a prescribed form containing prescribed information with its return of income for the taxation year — then the eligible entity is deemed to have paid, on the eligible entity’s balance-due day for the taxation year on account of the eligible entity’s tax payable under this Part for the taxation year, an amount determined by the formula A is the total ventilation expense of the partnership for the fiscal period; and Partnerships
b) pour ce qui est de l’application du paragraphe (4), le paragraphe (13.1) ne s’applique pas au particulier pour l’année. Courtiers
For the purposes of this section, (a) the fiscal period of a partnership is deemed to be its taxation year; and (b) if an eligible entity is a member of a particular partnership that is a member of another partnership, the eligible entity is deemed (i) to be a member of the other partnership, and (ii) to have a specified proportion in the other partnership for a fiscal period of the other partnership equal to its specified proportion of the particular partnership — for the last fiscal period of the particular partnership that ends in the fiscal period of the other partnership — multiplied by the particular partnership’s specified proportion of the other partnership for the fiscal period of the other partnership. When assistance received
Les paragraphes (3) et (4) et les articles 59, 64, 66.1, 66.2, 66.21, 66.4 et 66.7 ne s’appliquent pas au calcul du revenu, pour une année d’imposition, d’un contribuable (sauf une société exploitant une entreprise principale) dont l’entreprise comporte le commerce de droits, permis ou privilèges afférents à des travaux d’exploration, de forage ou d’extraction relatifs à des minéraux, du pétrole, du gaz naturel ou d’autres hydrocarbures connexes.
For the purposes of this Act other than this section, and for greater certainty, an amount that an eligible entity is deemed under subsection (2) or (3) to have paid is assistance received by it from a government immediately before the end of the taxation year to which it relates. Affiliated entities
à (10.3) [Abrogés, 1997, ch. 25, art. 13(1)] Idem (10.4) Lorsqu’un contribuable a fait, après le 19 avril 1983, un paiement ou un prêt visé à l’alinéa a) de la définition de partie convenue au paragraphe (15) à une société d’exploration en commun à l’égard duquel celle-ci a renoncé, à un moment donné, en faveur du contribuable à des frais d’exploration au Canada, à des frais d’aménagement au Canada ou à des frais à l’égard de biens canadiens relatifs au pétrole et au gaz (appelés « frais relatifs à des ressources » au présent paragraphe) selon le paragraphe (10.1), (10.2) ou (10.3), les règles suivantes s’appliquent : a) lorsque le contribuable reçoit en contrepartie du paiement ou du prêt des biens qui sont pour lui des immobilisations : (i) il est déduit dans le calcul du prix de base rajusté pour lui du bien à un moment donné le montant des frais relatifs à des ressources auxquels la société a renoncé en sa faveur relativement au paiement ou au prêt au plus tard à ce moment, (ii) il est déduit dans le calcul du prix de base rajusté pour lui à un moment donné de tous biens pour lesquels des biens, ou tous biens qui y ont été substitués, ont été échangés le montant des frais relatifs à des ressources auxquels la société a renoncé en sa faveur relativement au paiement ou au prêt au plus tard à ce moment (sauf dans la mesure où ce montant a été déduit selon le sous-alinéa (i)), (iii) le montant des frais relatifs à des ressources auxquels la société a renoncé en faveur du contribuable relativement au paiement ou au prêt à un moment donné, sauf dans la mesure où la renonciation à ces frais constitue une déduction selon le sous-alinéa (i) ou (ii), est réputé, pour l’application Control Impôt sur le revenu
For the purposes of this section, if two eligible entities are affiliated with the same eligible entity, they are deemed to be affiliated with each other. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2022, c. 5, s. 6.
captured carbon means captured carbon dioxide that (a) would otherwise be released into the atmosphere; or CCUS process means the process of carbon capture, utilization and storage that includes the (i) that would otherwise be released into the atmosphere, or CCUS project means a project that is intended to support a CCUS process by (i) that would otherwise be released into the atmosphere, or (b) transporting captured carbon; or CCUS tax credit means an amount deemed under subsection (2) to have been paid by a taxpayer on account of its tax payable under this Part for the year. (crédit d’impôt pour le CUSC) dedicated geological storage means a geological formation that is (a) located in a designated jurisdiction; (b) capable of permanently storing captured carbon; (c) authorized and regulated for the storage of captured carbon under the laws of the designated jurisdiction; and designated jurisdiction means (a) the provinces of British Columbia, Saskatchewan and Alberta; and (b) any other jurisdiction within Canada (including the exclusive economic zone of Canada) or the United States for which a designation by the Minister of the Environment under subsection (13) is in effect. (juridiction désignée) dual-use equipment means property, other than property described in Class 57 or 58 of Schedule II to the Income Tax Regulations, that is part of a CCUS project of a taxpayer that is described in any of the following paragraphs (and, in the case of property acquired before the first day of commercial operations of the CCUS project, that is verified by the Minister of Natural Resources as being described in any of the following paragraphs): (a) equipment that is not used for natural gas processing or acid gas injection, and that (i) generates electrical energy, heat energy or a combination of electrical and heat energy, if more than 50% of either the electrical energy or heat energy that is expected to be produced over the total CCUS project review period, based on the most recent project plan, is expected (not including equipment that supports the CCUS project indirectly by way of an electrical utility grid) to directly support (A) a qualified CCUS project, unless the equipment uses fossil fuels and emits carbon dioxide that is not subject to capture by a qualified CCUS project, or (B) a qualified clean hydrogen project as defined in subsection 127.48(1), unless the equipment uses fossil fuels and emits carbon dioxide that is not subject to capture by a qualified CCUS project, (ii) delivers, collects, recovers, treats or recirculates water, or a combination of any of those activities, in support of a qualified CCUS project, (iii) is equipment that directly transmits electrical energy from a system described in subparagraph (i) to a qualified CCUS project and more than 50% of the electrical energy to be transmitted by the equipment over the total CCUS project review period, based on the most recent project plan, is expected to support the qualified CCUS project or a qualified clean hydrogen project as defined in subsection 127.48(1), or (iv) is equipment that distributes electrical or heat energy; (b) equipment that is physically and functionally integrated with the equipment described in paragraph (a) (for greater certainty, excluding construction equipment, furniture, office equipment and vehicles) and that is ancillary equipment used solely to support the functioning of equipment described in paragraph (a) within a CCUS process as part of (v) a process material storage and handling and distribution system, (vii) a process waste management system, or (c) property that is (i) used as part of a control, monitoring or safety system solely to support the equipment described in paragraphs (a) or (b), (ii) a building or other structure all or substantially all of which is used, or to be used, for the installation or operation of equipment described in paragraph (a), (b) or subparagraph (i), or (iii) used solely to convert another property that would not otherwise be described in paragraph (a) or (b) or subparagraphs (i) and (ii) if the conversion causes the other property to satisfy the description in the paragraphs (a) or (b) or subparagraphs (i) or (ii); or eligible use means (a) the storage of captured carbon in dedicated geological storage; or (b) the use of captured carbon in producing concrete in Canada or the United States using a qualified concrete storage process. (utilisation admissible) first day of commercial operations means the day that is 120 days after the day on which captured carbon dioxide is first delivered to a carbon transportation, carbon storage or carbon use system for the purpose of storage or use on an ongoing operational basis. (premier jour des activités commerciales) ineligible use means (a) the emission of captured carbon into the atmosphere, other than (i) for the purposes of system integrity or safety, or (ii) incidental emission made in the ordinary course of operations; (b) the storage or use of captured carbon for enhanced oil recovery; and (c) any other storage or use that is not an eligible use. non-government assistance has the same meaning as in subsection 127(9). (aide non gouvernementale) preliminary CCUS work activity means an activity that is preliminary to the acquisition, construction, fabrication or installation by or on behalf of a taxpayer of property that is described in Class 57 or 58 of Schedule II to the Income Tax Regulations or that is dual-use equipment in respect of the taxpayer’s CCUS project including, but not limited to, a preliminary activity that is (b) performing front-end design or engineering work, including front-end engineering design studies (or equivalent studies as determined by the Minister of Natural Resources) but excluding detailed design or engineering work in relation to specific property included in Class 57 or Class 58; (c) conducting feasibility studies or pre-feasibility studies (or equivalent studies as determined by the Minister of Natural Resources); projected eligible use percentage, in respect of a CCUS project, for a period is the amount, expressed as a percentage, determined by the formula A is the quantity of captured carbon that the CCUS project is expected, based on the project’s most recent project plan, to support for storage or use in eligible use during the period; and B is the total quantity of captured carbon that the CCUS project is expected, based on the project’s most recent project plan, to support for storage or project plan means a plan for a CCUS project that (a) reflects a front-end engineering design study (or an equivalent study as determined by the Minister of Natural Resources) for the CCUS project; (b) describes the quantity of captured carbon that the CCUS project is expected to support for storage or use in each calendar year over its total CCUS project review period, in (c) contains information required in guidelines published by the Minister of Natural Resources; and (d) is filed with the Minister of Natural Resources, in the form and manner determined by that Minister, (i) before the project’s first day of commercial operation, or (ii) if the project’s first day of commercial operations occurs before the Minister of Natural Resources accepts plan filings, within 90 days after the first day on which such filings are accepted. (plan de projet) qualified carbon capture expenditure of a taxpayer for a taxation year means an amount that is the portion of an expenditure incurred by the taxpayer to acquire a property in the year, in respect of a qualified CCUS project of the taxpayer, determined by the formula A is, in respect of property acquired by the taxpayer in the year (other than property situated outside of Canada), (a) the capital cost of property described in (and, in the case of property acquired before the first day of commercial operations of the project, verified by the Minister of Natural Resources as being property described in) (i) paragraph (a) of Class 57 in Schedule II to the Income Tax Regulations, or relation to equipment described in paragraph (a) of that Class, or (b) the proportion of the capital cost of dual-use equipment that, (i) if the equipment is described in subparagraph (a)(i) of the definition dual-use equipment in this subsection, or is acquired in relation to such equipment, the amount of energy expected to be produced for use in a qualified CCUS project over the project’s total CCUS project review period is of the total amount of energy expected to be produced by the equipment in that period (determined without regard to energy produced and consumed by the equipment in the process of producing energy), based on the project’s most recent project plan, (ii) if the equipment is described in subparagraph (a)(ii) of the definition dual-use equipment in this subsection, or is acquired in relation to such equipment, the mass of water expected to be returned from a qualified CCUS project over the project’s total CCUS project review period is of the total mass of water expected to be returned to the equipment in that period (determined without regard to water used or lost, based on the project’s most recent project plan, (iii) if the equipment is described in subparagraph (a)(iii) of the definition dual-use equipment in this subsection, or is acquired in relation to such equipment, the amount of electrical energy expected to be transmitted by the equipment for use in a qualified CCUS project over the total CCUS project review period is of the total amount of electrical energy expected to be transmitted by the equipment in that period (determined without regard to electrical energy consumed by the equipment in the process of transmission), based on the project’s most recent project plan, and (iv) if the equipment is described in subparagraph (a)(iv) of the definition dual-use equipment in this subsection, or is acquired in relation to such equipment, the amount of electrical or heat energy expected to be distributed by the equipment (or if it is equipment that expands the capacity of existing equipment, the electrical or heat energy expected to be distributed by the existing and new equipment) for use in a qualified CCUS project over the total CCUS project review period is of the total amount of electrical or heat energy expected to be distributed by the equipment (or the existing and new equipment) in that period (determined without regard to energy consumed by the equipment in the process of distribution), based on the project’s most recent project plan; (a) if the time of the expenditure is after the first project period, nil, or (b) in any other case, the projected eligible use percentage for the first project period; (a) if the time of the expenditure is after the second project period, nil, or (b) in any other case, the projected eligible use percentage for the second project period; (a) if the time of the expenditure is after the third project period, nil, or (b) in any other case, the projected eligible use percentage for the third project period; E is the projected eligible use percentage for the fourth project period; and (a) if the time of the expenditure is before the second project period, 0.25, (b) if the time of the expenditure is during the second project period, 0.33, (c) if the time of the expenditure is during the third project period, 0.5, and qualified carbon storage expenditure of a taxpayer for a taxation year means an amount that is the capital cost incurred by the taxpayer to acquire in the year, in respect of a qualified CCUS project of the taxpayer, a property (other than property situated outside of Canada) that is (a) expected, based on the qualified CCUS project’s most recent project plan before the time the expenditure is incurred, to support storage of captured carbon solely in a manner described in paragraph (a) of the definition of eligible use; and (b) described in (and, in the case of property acquired before the first day of commercial operations of the project, verified by the Minister of Natural Resources as being property described in) (ii) paragraph (c) of Class 57 in Schedule II to the Income Tax Regulations, or qualified carbon transportation expenditure of a taxpayer for a taxation year means an amount that is the portion of an expenditure incurred by the taxpayer to acquire a property in the year in respect of a qualified CCUS project of the taxpayer, determined by the formula A is, in respect of property acquired by the taxpayer in the year (other than property situated outside of Canada), the capital cost of property described in (and, in the case of property acquired before the first day of commercial operations of the project, verified by the Minister of Natural Resources as being property described in) (a) paragraph (b) of Class 57 in Schedule II to the Income Tax Regulations, or (b) any of paragraphs (d) to (g) of Class 57 in Schedule II to the Income Tax Regulations in relation to equipment described in paragraph (b) of that Class; (a) if the time of the expenditure is after the first project period, nil, or (b) in any other case, the projected eligible use percentage for the first project period; (a) if the time of the expenditure is after the second project period, nil, or (b) in any other case, the projected eligible use percentage for the second project period; (a) if the time of the expenditure is after the third project period, nil, or (b) in any other case, the projected eligible use percentage for the third project period; E is the projected eligible use percentage for the fourth project period; and (a) if the time of the expenditure is before the second project period, 0.25, (b) if the time of the expenditure is during the second project period, 0.33, (c) if the time of the expenditure is during the third project period, 0.5, and qualified carbon use expenditure of a taxpayer for a taxation year means an amount that is the capital cost incurred by the taxpayer to acquire in the year, in respect of a qualified CCUS project of the taxpayer, a property (other than property situated outside of Canada) that is (a) described in (and, in the case of property acquired before the first day of commercial operations of the project, verified by the Minister of Natural Resources as being property described in) any of paragraphs (a) to (e) of Class 58 in Schedule II to the Income Tax Regulations; and (b) expected, based on the qualified CCUS project’s most recent project plan before the time the expenditure is incurred, to support storage or use of captured carbon solely in a manner described in paragraph (b) of the definition of eligible use. (dépense admissible pour l’utilisation du carbone) qualified CCUS expenditure means a (b) qualified carbon transportation expenditure; (c) qualified carbon storage expenditure; or qualified CCUS project means a CCUS project of a taxpayer that meets the following conditions: (a) it is expected, based on the project’s most recent project plan, to support the capture of carbon dioxide in Canada for a period that is at least equal to the total CCUS project review period for the project; (b) an initial project evaluation has been issued by the Minister of Natural Resources, in the form and manner determined by the Minister of Natural Resources, in respect of the project; (c) based on the most recent project plan for the project, its projected eligible use percentage equals or exceeds 10% in each of the following periods: (i) if the first project period begins after September of a calendar year, the period beginning on the first day of commercial operations and ending on December 31 of the following calendar year, and (ii) each calendar year of the project’s total CCUS project review period, other than a period that includes a year referred to in subparagraph (i); and (i) exploited to service a unit (as defined under the Reduction of Carbon Dioxide Emissions from Coal-fired Generation of Electricity Regulations) for which the commissioning date (as defined under the Reduction of Carbon Dioxide Emissions from Coal-fired Generation of Electricity Regulations) was on or before April 7, 2022, and (ii) undertaken for the purpose of complying with emission standards that apply, or will apply, under the Reduction of Carbon Dioxide Emissions from Coal-fired Generation of Electricity Regulations. qualified concrete storage process means a process evaluated against the ISO 14034:2016 standard Environmental management — Environmental technology verification for which a validation statement confirming that at least 60% of the captured carbon that is injected into the concrete is expected to be mineralized and permanently stored in the concrete has been issued by a professional or organization that (a) is accredited as a verification body, under ISO 14034:2016, Environmental management — Environmental technology verification and ISO/IEC 17020:2012, Conformity assessment — Requirements for the operation of various types of bodies performing inspection, by the Standards Council of Canada, the ANSI National Accreditation Board (U.S.) or any other accreditation organization that is a member of the International Accreditation Forum; and (b) meets the requirements of a third-party inspection body described in ISO/IEC 17020:2012, Conformity assessment — Requirements for the operation of various types of bodies performing inspection. qualifying taxpayer means a taxable Canadian corporation. (a) qualified carbon capture expenditure if incurred in respect of carbon capture (A) after 2021 and before 2031, 60%, (B) after 2030 and before 2041, 30%, or (C) after 2040, 0%; or (A) after 2021 and before 2031, 50%, (B) after 2030 and before 2041, 25%, or (C) after 2040, 0%; and (b) qualified carbon transportation expenditure, qualified carbon storage expenditure or qualified carbon use expenditure if incurred (i) after 2021 and before 2031, 37 1/2%, (ii) after 2030 and before 2041, 18 3/4%, or Tax credit
Where a qualifying taxpayer files a prescribed form containing prescribed information on or before its filing-due date for a taxation year, the taxpayer is deemed to have paid on its balance-due day for the year an amount on account of its tax payable under this Part for the year equal to the total of (a) the amount, if any, by which the taxpayer’s cumulative CCUS development tax credit for the year exceeds its cumulative CCUS development tax credit for the immediately preceding taxation year, and (b) the taxpayer’s CCUS refurbishment tax credit for the year. Deemed deduction
For the purposes of this section, paragraph 12(1)(t), subsection 13(7.1), the description of I in the definition undepreciated capital cost in subsection 13(21), subsection 53(2), sections 127.45, 127.48, 127.49 and 129 and Part XII.7, the amount deemed under subsection (2) to have been paid by a taxpayer for a taxation year is deemed to have been deducted from the taxpayer’s tax otherwise payable under this Part for the year. Cumulative CCUS development tax credit
autrement déduits en vertu de l’article 66.1 dans le calcul de son revenu pour les années d’imposition se terminant après ce moment et avant que le contrôle soit ainsi acquis est réputé avoir été déduit par la société en vertu de cet article dans le calcul de son revenu pour les années d’imposition se terminant avant que le contrôle soit ainsi acquis; c) l’excédent des frais cumulatifs d’aménagement du Canada engagés par la société qui existait au moment où elle a cessé pour la dernière fois d’exploiter activement son entreprise sur le total des montants autrement déduits en vertu de l’article 66.2 dans le calcul de son revenu pour les années d’imposition se terminant après ce moment et avant que le contrôle soit ainsi acquis est réputé avoir été déduit par la société en vertu de cet article dans le calcul de son revenu pour les années d’imposition se terminant avant que le contrôle soit ainsi acquis; d) l’excédent des frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz engagés par la société qui existait au moment où elle a cessé pour la dernière fois d’exploiter activement son entreprise sur le total des montants autrement déduits en vertu de l’article 66.4 dans le calcul de son revenu pour les années d’imposition se terminant après ce moment et avant que le contrôle soit ainsi acquis est réputé avoir été déduit par la société en vertu de cet article dans le calcul de son revenu pour les années d’imposition se terminant avant que le contrôle soit ainsi acquis; e) l’excédent des frais d’exploration et d’aménagement à l’étranger engagés par la société avant qu’elle cesse pour la dernière fois d’exploiter activement son entreprise sur le total des montants autrement déductibles par elle au titre des frais d’exploration et d’aménagement à l’étranger dans le calcul de son revenu pour les années d’imposition se terminant avant que le contrôle soit ainsi acquis est réputé avoir été déductible par la société en vertu du présent article dans le calcul de son revenu pour les années d’imposition se terminant avant que le contrôle soit ainsi acquis. Contrôle (11.3) Pour l’application des paragraphes (11) et 66.7(10), la société qui a acquis le contrôle d’une autre société après le 12 novembre 1981 et avant 1983 en acquérant des actions de cette autre société conformément à une convention écrite conclue au plus tard le 12 novembre 1981 est réputée avoir acquis ce contrôle au plus tard le 12 novembre 1981. (11.4) If Affiliation — subsection (11.4) Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this Act, a taxpayer’s cumulative CCUS development tax credit for a taxation year is the total of all amounts, each of which is, in respect of an ex- penditure incurred for a qualified CCUS project of the taxpayer before the first day of commercial operations of the CCUS project (a) a qualified CCUS expenditure incurred in the year or a previous taxation year by the taxpayer multiplied by the applicable specified percentage; or (b) an amount required because of subsection (11) to be added in computing the taxpayer’s cumulative CCUS development tax credit at the end of the year or a previous year. CCUS refurbishment tax credit
Impôt sur le revenu
For the purposes of this Act, a CCUS refurbishment tax credit of a taxpayer for a taxation year is the total of all amounts, each of which is, in respect of an expendi- ture incurred for a qualified CCUS project of the taxpayer in the year and during the total CCUS project review pe- riod (a) a qualified CCUS expenditure incurred in the year by the taxpayer multiplied by the applicable specified percentage; or (b) an amount required because of subsection (11) to be added in computing the taxpayer’s CCUS refurbish- ment tax credit at the end of the year.
A taxpayer with a qualified CCUS project shall file, within 90 days after the occurrence of either of the events described in paragraph (a) or (b), a revised project plan for the project with the Minister of Natural Resources, in the form and manner determined by the Minister of Nat- ural Resources if, before the first day of commercial oper- ations of the project, (a) the Minister of Natural Resources determines that there has been a material change to the project and re- quests that the taxpayer file a revised project plan for the project; or (b) there has been a reduction (as compared to the most recent project plan for the project) of more than five percentage points in the projected eligible use per- centage in respect of the project during any project pe- riod.
If a taxpayer files a revised project plan in accordance with subsection (6), the Minister of Natural Resources shall issue a revised project evaluation with all due dispatch.
For the purposes of this section and Part XII.7, (a) the Minister may, in consultation with the Minister of Natural Resources, determine that one or more CCUS projects is one project or multiple projects (i) at any time before an initial project evaluation of a CCUS project has been issued by the Minister of Natural Resources, or (ii) if a taxpayer is required to file a revised project plan because of subsection (6), after the revised project plan has been submitted, but before a revised project evaluation has been issued by the Minister of Natural Resources in respect of the revised project plan; (b) any determination under paragraph (a) is deemed to have been made in respect of CCUS projects, as the case may be, being one project or multiple projects, as the case may be; (c) for each project determined under paragraph (a), a project plan shall be filed by a taxpayer with the Minister of Natural Resources (in the form and manner determined by the Minister of Natural Resources) on or before the day that is 180 days after the determination is made; and (d) the Minister of Natural Resources may request from a taxpayer all reasonable documentation and information necessary for the Minister of Natural Resources to fulfill a responsibility under this section, including final detailed engineering designs, and may refuse to verify an expenditure or issue an initial project evaluation or a revised project evaluation under this section if such documentation or information is not provided by the taxpayer on or before the day that is 180 days after it was requested.
Fait lié à la restriction de pertes — société remplaçante (11.6) Si une fiducie est assujettie à un fait lié à la restriction de pertes à un moment donné, les règles ci-après s’appliquent : a) pour l’application des dispositions de la présente loi concernant les déductions relatives aux frais de forage et d’exploration, aux frais de prospection, d’exploration et d’aménagement, aux frais d’exploration et d’aménagement au Canada, aux frais relatifs à des ressources à l’étranger, aux frais d’exploration au Canada, aux frais d’aménagement au Canada et aux frais relatifs à des ressources à des biens canadiens relatifs au pétrole et au gaz (appelés « frais relatifs à des ressources » au présent paragraphe) engagés par la fiducie avant ce moment : (i) la fiducie est réputée (sauf pour l’application du présent paragraphe et des paragraphes (11.4), (11.5) et 66.7(10) à (11)) une société remplaçante, au sens de chacun des paragraphes 66.7(1), (2) et (2.3) à (5) où ce terme est défini, après ce moment, (A) est une société remplaçante, au sens de chacun des paragraphes 66.7(1), (2) et (2.3) à (5) où ce terme est défini, après ce moment, (B) a acquis, à ce moment, auprès d’un propriétaire obligé tous les biens détenus par la fiducie immédiatement avant ce moment, (ii) si elle ne détenait pas d’avoir minier étranger immédiatement avant ce moment, la fiducie est réputée avoir été propriétaire d’un tel avoir immédiatement avant ce moment, (iii) un choix conjoint est réputé avoir été présenté conformément aux paragraphes 66.7(7) et (8) relativement à l’acquisition mentionnée à la division (i)(B), (iv) les frais relatifs à des ressources que la fiducie a engagés avant ce moment sont réputés l’avoir été par un propriétaire obligé des biens et non par la fiducie, (v) le propriétaire obligé est réputé avoir résidé au Canada à tout moment où la fiducie y résidait avant le moment donné, Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this section and Part XII.7, (a) the capital cost to a taxpayer of a property that is described in Class 57 or 58 of Schedule II to the Income Tax Regulations or that is dual-use equipment shall be (i) determined without reference to subsections 13(7.1) and (7.4), and (ii) reduced by the total of all amounts, each of which can reasonably be considered to be in respect of the property and is (A) an amount of any non-government assistance received by the taxpayer in or before the taxation year in which the property was acquired, or (B) an amount that is not described in clause (A) that, in the taxation year, the taxpayer is entitled to receive or can reasonably be expected to receive and that would be non-government assistance if it were received by the taxpayer; (b) the amount of a qualified CCUS expenditure of a taxpayer in a taxation year in respect of a CCUS project shall not include (i) any amount in respect of an expenditure incurred by the taxpayer before 2022 or after 2040, (ii) any amount in respect of any expenditure incurred (A) to acquire property that has been used for any purpose by any person or partnership before it was acquired by the taxpayer, (B) for which a tax credit was previously deducted under this section, by any person in respect of the property to which the expenditure relates (other than an expenditure for repair or replacement of that property), or (C) for which an investment tax credit, a clean technology investment tax credit (as defined in subsection 127.45(1)), a clean hydrogen tax credit (as defined in subsection 127.48(1)) or a CTM investment tax credit (as defined in subsection 127.49(1)) is claimed, (iii) any amount in respect of an expenditure incurred for a preliminary CCUS work activity, (iv) any amount that has, by virtue of section 21, been added to the cost of a property, (v) an expenditure that is incurred by a taxpayer on or after the first day of commercial operations of the CCUS project to the extent that the total of all such amounts exceed 10% of the total of all qualified CCUS expenditures incurred by the taxpayer before the first day of commercial operations of the CCUS project, or (vi) except where subsection 211.92(11) applies, an expenditure incurred by a taxpayer to acquire a property that is disposed of, or exported from Canada, by the taxpayer in the same taxation year as it was acquired; (c) except for the purposes of subparagraph (b)(i), and subject to subsection (12), if a taxpayer has acquired property outside Canada, the expenditure is deemed to have been incurred, and the property acquired, at the time it is imported into Canada; (i) the reference in subsection 127(11.6) to subsection 127(11.5) shall be read as a reference to section 127.44, (iii) the term “qualified expenditure” is to be read as “qualified CCUS expenditure”; (e) if an expenditure of a taxpayer would be a qualified CCUS expenditure, except that the expenditure is incurred in a different taxation year from the year in which the related property is acquired, the expenditure is deemed to be incurred, and the property is deemed to be acquired, in the later of the two years; (f) for the purposes of determining whether a process is a CCUS process, whether a property is described in Class 57 or 58 of Schedule II to the Income Tax Regulations or whether a property is dual-use equipment, the technical guide published by the Department of Natural Resources shall apply conclusively with respect to engineering and scientific matters; (g) if the taxpayer has failed to file a revised project plan required to be filed under subsection (6) by the deadline in that subsection, (i) subject to subparagraph (ii), a taxpayer’s projected eligible use percentage for a CCUS project is deemed to be nil for the total CCUS project revenue period until such time as the taxpayer has filed the revised project plan, and (ii) once the taxpayer has filed the revised project plan, subparagraph (i) is deemed never to have applied; (h) subject to paragraph (e), an expenditure is deemed to have been incurred in respect of a qualified CCUS project during a particular taxation year if (i) it is incurred in the particular taxation year, in respect of a CCUS project that was not a qualified CCUS project at any time during the particular taxation year because the Minister of Natural Resources was not accepting the filing of project plans before or during the particular taxation year, and (ii) in a subsequent taxation year, the project becomes a qualified CCUS project; and (i) a building or other structure is deemed to be property described in paragraph (f) of Class 57 of Schedule II to the Income Tax Regulations, in relation to equipment described in paragraph (a) of Class 57, if (i) the building or other structure is not otherwise described in Class 57 or 58 of that Schedule and is not dual-use equipment, and (ii) all or substantially all of the building or other structure is used for the installation or operation of a combination of property that is described in any of paragraphs (a) to (e) of Class 57 of Schedule II, paragraphs (a) to (c) of Class 58 of that Schedule or paragraph (a) or (b) or subparagraph (c)(i) of the definition dual-use equipment in subsection (1).
Impôt sur le revenu
If a taxpayer has, in a particular taxation year, repaid (or has not received and can no longer reasonably be expected to receive) an amount of non-government assistance that was applied to reduce the capital cost of a property under subparagraph (9)(a)(ii) for a preceding taxation year, the amount repaid (or no longer expected to be received) shall be added to the capital cost to the taxpayer of a property acquired for the purpose of determining the taxpayer’s qualified CCUS expenditure (under the relevant paragraph of that definition) for the particular year. Partnerships
Subject to section 127.47, if, in a particular taxation year of a qualifying taxpayer who is a member of a partnership, an amount would be determined under subsection (2) in respect of the partnership, for its taxation year that ends in the particular year, if the partnership were a taxable Canadian corporation and its fiscal period were its taxation year, the portion of that amount that can reasonably be considered to be the taxpayer’s share thereof shall be added in computing the tax credit of the taxpayer under subsection (2) at the end of the particular year. Unpaid amounts
For the purposes of this section, a taxpayer’s expenditure that is unpaid on the day that is 180 days after the end of the taxation year in which the expenditure is otherwise incurred is deemed (a) not to have been incurred in the year; and (b) to be incurred at the time it is paid. Designation of jurisdiction
For the purposes of this section and Part XII.7, the following rules apply in relation to the definition designated jurisdiction in subsection (1): (a) if the Minister of the Environment determines that a jurisdiction within Canada or the United States has sufficient environmental laws and enforcement governing the permanent storage of captured carbon (i) the Minister of the Environment may designate the jurisdiction for the purposes of this section and Part XII.7, (ii) the designation under subparagraph (i) shall specify the time at and after which it is in effect, which time may, for greater certainty, precede the time at which the designation is made, and (iii) the Minister of the Environment shall publish on a website maintained by the Government of Canada the designation referred to in subparagraph (i); and (b) the provinces of British Columbia, Saskatchewan and Alberta are deemed to have been designated by the Minister of the Environment in accordance with this subsection. Revocation of designation
(vi) si la fiducie est un associé d’une société de personnes à ce moment et que les biens de cette dernière comprennent, à ce moment, un avoir minier canadien ou un avoir minier étranger : (A) pour l’application de la division (i)(B), la fiducie est réputée avoir détenu, immédiatement avant ce moment, la partie des biens de la société de personnes à ce moment qui correspond à la part, exprimée en pourcentage, revenant à la fiducie du total des sommes qui seraient payées à l’ensemble des associés de la société de personnes si elle était liquidée à ce moment, et (B) pour l’application des divisions 66.7(1)(b)(i)(C) et (2)(b)(i)(B), du sous-alinéa 66.7(2.3)(b)(i) et des divisions 66.7(3)(b)(ii)(C), (4)(b)(i)(B) et (5)(b)(i)(B) pour une année d’imposition se terminant après ce moment, la moins élevée des sommes ci-après est réputée être un revenu de la fiducie pour l’année qu’il est raisonnable d’attribuer à la production tirée de l’avoir : (I) la part du revenu de la société de personnes, pour l’exercice de celle-ci se terminant dans l’année, qu’il est raisonnable de considérer comme étant attribuable à la production tirée de l’avoir, (II) la somme qui serait déterminée selon la subdivision (I) pour l’année si la part revenant à la fiducie du revenu de la société de personnes pour l’exercice de celle-ci se terminant dans l’année était déterminée en fonction de la part, exprimée en pourcentage, visée à la division (A), (vii) si la fiducie dispose après ce moment, en faveur d’une autre personne, d’un bien qu’elle détenait à ce moment, les paragraphes 66.7(1) à (5) ne s’appliquent pas relativement à l’acquisition du bien par l’autre personne; b) si, avant ce moment, la fiducie ou une société de personnes dont elle est un associé a acquis un bien qui est un avoir minier canadien, un avoir minier étranger ou une participation dans une société de personnes et qu’il est raisonnable de considérer qu’un de leurs principaux objets de l’acquisition est d’éviter toute restriction, prévue à l’un des paragraphes 66.7(1) à (5), applicable à la déduction relative aux frais engagés par la fiducie, la fiducie ou la société de personnes, selon le cas, est réputée ne pas avoir acquis le bien pour l’application de ces paragraphes relativement à la fiducie. Calcul des frais d’exploration et d’aménagement au Canada
If a jurisdiction makes significant changes to its environmental laws or enforcement governing the permanent storage of captured carbon, and the Minister of the Environment determines that as a result of those changes a jurisdiction designated pursuant to subsection (13) has ceased to have sufficient environmental laws or enforcement governing the permanent storage of captured carbon, the following rules apply: (a) the Minister of the Environment may revoke the designation of the jurisdiction designated under subsection (13); (b) the revocation under paragraph (a) shall specify the time at and after which it is in effect, which time shall not begin sooner than 30 days after the revocation is made; and (c) the Minister of the Environment shall publish on a website maintained by the Government of Canada the revocation referred to in paragraph (a). Jurisdiction not designated (14.1) In applying this section and Part XII.7 in respect of a CCUS project of a taxpayer, (a) if an expenditure of the taxpayer is incurred at a time that a geological formation, described in the taxpayer’s most recent project plan in respect of the CCUS project as capable of permanently storing captured carbon, is (i) located in a jurisdiction that is not a designated jurisdiction, that jurisdiction is deemed to be a designated jurisdiction at that time if it was so designated at the time of an earlier qualified CCUS expenditure of the taxpayer in respect of the project, (ii) not authorized and regulated for the storage of captured carbon under the laws of the designated jurisdiction, that geological formation is deemed to be so authorized and regulated if it was so at the time of an earlier qualified CCUS expenditure of the taxpayer in respect of the project; (i) for the purposes of calculating a qualified carbon capture expenditure or a qualified carbon transportation expenditure in respect of the particular expenditure, neither the description of A in the definition projected eligible use percentage in subsection (1) nor the description of A in the definition actual eligible use percentage in subsection 211.92(1), for any period, include any quantity of expected or actual storage of carbon in a geological formation located in a jurisdiction that, at the time that the particular expenditure is incurred, is not dedicated geological storage because it is located in a jurisdiction that is not a designated jurisdiction or is not authorized and regulated for the storage of captured carbon under the laws of a designated jurisdiction, (ii) a qualified carbon storage expenditure in respect of a qualified CCUS project does not include the cost of property to the extent that the property is expected to support the storage of carbon in a geological formation located in a jurisdiction that, at the time that the particular expenditure is incurred, is not dedicated geological storage because it is located in a jurisdiction that is not a designated jurisdiction or is not authorized and regulated for the storage of captured carbon under the laws of a designated jurisdiction; and (c) for the purposes of calculating the actual eligible use percentage in respect of the CCUS project for any period, the description of A in the definition actual eligible use percentage in subsection 211.92(1) includes any quantity of carbon stored in a geological formation to which paragraph (a) applies. Purpose
Dans le calcul des frais d’exploration et d’aménagement au Canada engagés par un contribuable : a) il est déduit toute somme versée à celui-ci avant le 7 mai 1974 : (i) soit en vertu du Règlement sur l’aide à l’exploration minière dans le Nord pris en application d’une loi de crédits et prévoyant des paiements au titre du Programme de subventions visant les minéraux dans le Nord, si la somme a ainsi été versée après 1971, (ii) soit en vertu d’une entente conclue par le contribuable et Sa Majesté du chef du Canada sous le régime du Programme de subventions visant les minéraux du Nord ou du Programme de développement du ministère des Affaires indiennes et du Nord canadien, dans la mesure où le montant a été dépensé par le contribuable à titre de frais d’exploration et d’aménagement au Canada qu’il a engagés; b) est comprise toute somme, sauf une somme afférente aux intérêts, versée par lui après 1971 mais avant le 7 mai 1974 à Sa Majesté du chef du Canada, en vertu du règlement mentionné au sous-alinéa a)(i). Restrictions quant aux frais d’exploration et d’aménagement au Canada (12.1) Sauf disposition contraire expresse de la présente loi, les règles suivantes s’appliquent : a) lorsque, par suite d’une opération qui a eu lieu après le 6 mai 1974, un montant est devenu recevable par un contribuable à un moment donné d’une année d’imposition et que la contrepartie donnée par le contribuable consistait en biens (à l’exclusion d’une action, d’un avoir minier canadien ou d’un intérêt ou d’un droit relatif à ceux-ci, ou, pour l’application du droit civil, d’un droit relatif à ceux-ci), ou services, dont le coût initial pour lui peut raisonnablement être considéré principalement en frais d’exploration au Canada ou en frais d’aménagement au Canada du contribuable (ou dont le coût initial aurait été considéré ainsi si le contribuable les avait engagés entre les derniers mois après 1971 mais avant le 7 mai 1974), le montant devenu recevable par le contribuable à ce moment doit être inclus, à ce moment, dans le montant représenté par l’élément G de la formule figurant à la définition de frais cumulatifs d’exploration au Canada au paragraphe 66.1(6); b) si par suite d’une opération survenant après le 6 mai 1974 un montant est devenu recevable par un contribuable Income Tax PART I Income Tax DIVISION B Computation of Income
The purpose of this section and Part XII.7 is to encourage the investment of capital in the development and operation of carbon capture, transportation, utilization and storage capacity in Canada.
Idem Impôt sur le revenu
Subsections (2) and (3) do not apply in respect of a CCUS project if a property used in the project — or an interest in a person or partnership that has, directly or indirectly, an interest in, or for civil law, a right in, a property used in the project — is a tax shelter investment for the purpose of section 143.2.
The Minister may accept the late filing by a qualifying taxpayer of the prescribed form containing prescribed information referred to in subsection (2) until the later of December 31, 2025 and one year after the filing- due date referred to in subsection (2), but no payment by the taxpayer is deemed to arise under that subsection un- has been filed with the Minister. [NOTE: Application provisions are not included in the consolidated text; see relevant
clean technology investment tax credit of a qualifying taxpayer for a taxation year means (a) the total of all amounts each of which is the speci- fied percentage of the capital cost to the taxpayer of clean technology property acquired by the taxpayer in the year; and (b) the total of amounts required by subsection (8) to be added in computing the taxpayer’s clean technology investment tax credit at the end of the tax year. (crédit clean technology property means property (a) situated in Canada (including property described ule II to the Income Tax Regulations that is installed (b) that has not been used, or acquired for use or lease, for any purpose whatever before it was acquired by the taxpayer; (c) that, if it is to be leased by the taxpayer to another person or partnership, is (i) leased to a qualifying taxpayer or a partnership all the members of which are taxable Canadian cor- porations, and (ii) leased in the ordinary course of carrying on a business in Canada by the taxpayer whose principal business is selling or servicing property of that type, or whose principal business is leasing property, lending money, purchasing conditional sales con- tracts, accounts receivable, bills of sale, chattel of exchange or other obligations representing all or
(i) equipment used to generate electricity from solar, wind and water energy that is described in subparagraph (d)(ii), (iii.1), (v), (vi) or (xiv) of Class 43.1 in Schedule II to the Income Tax Regulations, (ii) stationary electricity storage equipment that is described in subparagraph (d)(xviii) or (xix) of Class 43.1 in Schedule II to the Income Tax Regulations, but excluding equipment that uses any fossil fuel in operation, (iii) active solar heating equipment, air-source heat pumps and ground-source heat pumps that are described in subparagraph (d)(i) of Class 43.1 in Schedule II to the Income Tax Regulations, (iv) a non-road zero-emission vehicle described in Class 56 in Schedule II to the Income Tax Regulations and charging or refuelling equipment described in subparagraph (d)(xxi) of Class 43.1 in Schedule II to the Income Tax Regulations or subparagraph (b)(ii) of Class 43.2 in Schedule II to the Income Tax Regulations that in each case is used primarily for such vehicles, (v) equipment used exclusively for the purpose of generating electrical energy or heat energy, or a combination of electrical energy and heat energy, solely from geothermal energy, that is described in subparagraph (d)(vii) of Class 43.1 in Schedule II to the Income Tax Regulations, but excluding any equipment that is part of a system that extracts fossil fuel for sale, (vi) concentrated solar energy equipment, or concentrated solar energy equipment means equipment, other than excluded equipment, used all or substantially to generate heat or electricity, or a combination of heat and electricity, exclusively from concentrated sunlight, including (g) transmission equipment; (h) equipment for the distribution of heat energy; (i) structures whose sole function is to support or house concentrated solar energy equipment; and excluded equipment means (a) auxiliary heating or electrical generating equipment that uses any fossil fuel; (b) buildings or structures other than those structures described in paragraph (i) of the definition of concentrated solar energy equipment; (c) distribution equipment; (d) property included in Class 10 in Schedule II to the Income Tax Regulations; and (e) property that would be included in Class 17 in Schedule II to the Income Tax Regulations if that Class were read without reference to its paragraph (a.1). (matériel non admissible) government assistance has the meaning assigned by subsection 127(9). (aide gouvernementale) non-clean technology use means a use of a particular property at a particular time that would, if the property were acquired at that time, result in the property ceasing to be a clean technology property, determined without reference to paragraph (b) of the definition clean technology property in this subsection. (utilisation non concernée par la technologie propre) non-government assistance has the meaning assigned by subsection 127(9). (aide non gouvernementale) qualifying taxpayer means a taxable Canadian corporation or a mutual fund trust that is a real estate investment trust (as defined in subsection 122.1(1)). (contribuable admissible) small modular nuclear reactor means equipment that is used all or substantially all to generate electrical energy or heat energy, or a combination of electrical energy and heat energy, from nuclear fission — including reactors, reactor vessels, reactor control rods, moderators, cooling systems, control systems, nuclear fission fuel handling equipment, containment structures, electrical generating equipment and equipment for the distribution of heat energy — that (a) is part of a system that has a gross rated generating capacity not exceeding 300 megawatts electric, or an energy balance equivalent gross rated generating capacity of electricity or heat equivalent of 1,000 megawatts thermal; (b) is part of a system all or substantially all of which is comprised of modules that are factory-assembled and transported pre-built to the installation site; and (c) is not (ii) equipment for nuclear waste disposal and nuclear waste disposal sites, (iv) distribution equipment, (v) property included in Class 10 in Schedule II to the Income Tax Regulations, or (vi) property that would be included in Class 17 in Schedule II to the Income Tax Regulations if that Class were read without reference to its paragraph (a.1). (petit réacteur modulaire nucléaire) specified percentage means, in respect of a clean technology property of the taxpayer that is acquired (a) before March 28, 2023, determined without reference to subsection (4), nil; (b) on or after March 28, 2023 and before January 1, 2034, 30%; (c) after December 31, 2033 and before January 1, 2035, 15%; and Clean technology investment tax credit
b) lorsque, par suite d’une opération qui a eu lieu après le 6 mai 1974, un montant est devenu à recevoir par un contribuable à un moment donné d’une année d’imposition et que la contrepartie donnée par le contribuable consistait en biens (à l’exclusion d’une action, d’un avoir minier canadien et d’un intérêt ou d’un droit sur ceux-ci ou, pour l’application du droit civil, d’un droit relatif à ceux-ci), ou services, dont il est raisonnable de croire que le coût initial, pour lui, consistait principalement en frais d’aménagement au Canada, le montant qui est devenu à recevoir par le contribuable à ce moment doit être inclus, à ce moment, dans le montant représenté par l’élément G de la formule figurant à la définition de frais cumulatifs d’aménagement au Canada au paragraphe 66.2(5). Unification d’un champ de pétrole ou de gaz au Canada (12.2) Lorsque, en exécution d’une convention intervenue entre un contribuable et une autre personne en vue d’unifier un champ de pétrole ou de gaz au Canada, une somme est devenue payable au contribuable à un moment donné postérieur au 6 mai 1974 par cette autre personne relativement à des frais d’exploration au Canada ou à des frais d’exploration et d’aménagement au Canada engagés par le contribuable (ou qui auraient été des frais d’exploration et d’aménagement au Canada s’ils avaient été engagés après 1971, mais avant le 7 mai 1974), relativement à ce champ ou à quelque partie de celui-ci, les règles suivantes s’appliquent : a) le contribuable doit, à ce moment, inclure la somme qui lui est payable dans le montant représenté par l’élément G de la formule figurant à la définition de frais cumulatifs d’exploration au Canada au paragraphe 66.1(6); b) l’autre personne doit, à ce moment, inclure la somme payable par elle dans le montant visé à l’alinéa c) de la définition de frais d’exploration au Canada au paragraphe 66.1(6). Idem (12.3) Lorsque, en exécution d’une convention intervenue entre un contribuable et une autre personne en vue d’unifier un champ de pétrole ou de gaz au Canada, une somme est devenue payable au contribuable à un moment donné postérieur au 6 mai 1974 par cette autre personne relativement aux frais d’aménagement au Canada engagés par le contribuable, relativement à ce champ ou à quelque partie de celui-ci, les règles suivantes s’appliquent : a) le contribuable doit, à ce moment, inclure la somme qui lui est payable dans le montant représenté Limitation of FEDE par l’élément G de la formule figurant à la définition de frais cumulatifs d’aménagement au Canada au paragraphe 66.2(5); b) l’autre personne doit, à ce moment, inclure la somme payable par elle dans le montant visé à l’alinéa a) de la définition de frais d’aménagement au Canada au paragraphe 66.2(5). Restrictions quant aux frais d’exploration et d’aménagement à l’étranger (12.4) Lorsque, par suite d’une opération qui a lieu après le 6 mai 1974, un montant devient à recevoir par un contribuable à un moment donné d’une année d’imposition et que la contrepartie donnée par le contribuable pour ce montant consiste en biens (à l’exclusion d’un avoir minier étranger) ou services, et il est raisonnable de considérer que le coût initial, pour le contribuable, consistait principalement en frais d’exploration et d’aménagement à l’étranger engagés par le contribuable ou aurait été ainsi considéré si le contribuable avait engagé ces frais après 1971 et si la définition de frais d’exploration et d’aménagement à l’étranger au paragraphe (15), lue sans égard à l’alinéa k) de la définition, les règles suivantes s’appliquent : a) dans le calcul des frais d’exploration et d’aménagement à l’étranger engagés par le contribuable à ce moment, il y a lieu de déduire la somme qui lui est ainsi payable; b) lorsque le montant à recevoir dépasse le total des frais d’exploration et d’aménagement à l’étranger engagés par lui avant ce moment, dans la mesure où ils n’étaient pas déductibles ou n’ont pas été déduits, selon le cas, dans le calcul de son revenu pour une année d’imposition antérieure, il y a lieu d’inclure dans le montant visé à l’alinéa 59(3.2)a) l’excédent éventuel du montant à recevoir sur la somme des montants suivants : (i) les frais d’exploration et d’aménagement à l’étranger engagés par le contribuable avant ce moment, dans la mesure où ils n’étaient pas déductibles ou n’ont pas été déduits, selon le cas, dans le calcul de son revenu pour une année d’imposition antérieure, (ii) le montant, indiqué par le contribuable dans le formulaire prescrit accompagné sa déclaration de revenu pour l’année, ne dépassant pas la partie du montant à recevoir pour laquelle la contrepartie donnée par lui consistait en biens (à l’exclusion d’un avoir minier étranger) ou services, dont il est (A) specified foreign exploration and development expenses in respect of a country, or raisonnable de considérer que le coût initial, pour lui, consistait principalement : (A) soit en frais d'exploration et d'aménagement à l'étranger déterminés se rapportant à un pays, (B) soit en frais relatifs à des ressources à l'étranger se rapportant à un pays; c) lorsqu'une somme est incluse dans le montant visé à l'alinéa 59.3(2)a) en vertu de l'alinéa b), le total des frais d'exploration et d'aménagement à l'étranger engagés par le contribuable à ce moment est réputé être nul. Restrictions quant aux frais relatifs à des ressources à l'étranger (12.41) Lorsqu'un montant donné visé au paragraphe (12.4) devient à recevoir par un contribuable à un moment donné, le montant indiqué par le contribuable en application du sous-alinéa (12.4)b)(ii) relativement au montant donné et à un pays doit être inclus, à ce moment, dans la valeur de l'élément G de la formule figurant à la définition de frais relatifs à des ressources à l'étranger au paragraphe 66.21(1) relativement au contribuable et au pays. Sociétés de personnes (12.42) Pour l'application des paragraphes (12.4) et (12.41), lorsqu'une personne ou une société de personnes est un associé d'une société de personnes donnée et qu'un montant donné visé au paragraphe (12.4) devient à recevoir par celle-ci au cours d'un de ses exercices, les présomptions suivantes s'appliquent : a) la part du montant donné qui revient à l'associé est réputée être un montant devenu à recevoir par lui à la fin de l'exercice; b) le montant réputé par l'alinéa a) être un montant à recevoir par l'associé est réputé être un montant qui, à la fois : (i) est visé au paragraphe (12.4) à l'égard de l'associé, (ii) présente les mêmes caractéristiques pour l'associé que pour la société de personnes donnée. Unification d'un champ de pétrole ou de gaz au Canada (12.5) Lorsque, en exécution d'une convention intervenue entre un contribuable et une autre personne en vue d'unifier un champ de pétrole ou de gaz au Canada, une somme est devenue payable au contribuable à un moment donné par cette autre personne relativement aux Income Tax PART I Income Tax DIVISION B Computation of Income
If a qualifying taxpayer files with its return of income for a taxation year a prescribed form containing prescribed information, the taxpayer is deemed to have paid on its balance-due day for the year an amount on account of the taxpayer’s tax payable under this Part for the year equal to the taxpayer’s clean technology investment tax credit for the year. Time limit for application
Impôt sur le revenu
A payment on account of tax payable shall not be deemed to be paid under subsection (2) if the taxpayer does not file with the Minister a prescribed form containing prescribed information in respect of the amount on or before the day that is one year after the taxpayer’s filing-due date for the year and, if the prescribed form is filed after the taxpayer’s filing-due date for the year, no payment is deemed to arise under that subsection until the prescribed form containing the prescribed information has been filed with the Minister. Time of acquisition
For the purpose of this section, clean technology property is deemed not to have been acquired by a taxpayer before the property is considered to have become available for use by the taxpayer, determined without reference to paragraphs 13(27)(c) and (28)(d).
For the purpose of the definition clean technology investment tax credit in subsection (1), the capital cost of clean technology property to a taxpayer shall (a) not include any amount in respect of a capital property (i) for which an amount was previously deducted under this section by any person, (ii) in respect of which a CCUS tax credit (as defined in subsection 127.44(1)), a clean hydrogen tax credit (as defined in subsection 127.48(1)) or a CTM investment tax credit (as defined in subsection 127.49(1)) was deducted by any person, or (iii) that has, by virtue of section 21, been added to the cost of a property; (b.1) be reduced by the total of all amounts, each of which can reasonably be considered to be in respect of the property and is (i) an amount of any government assistance or non-government assistance received by the taxpayer in or before the taxation year in which the property was acquired, or (ii) an amount not described in subparagraph (i) that, in the taxation year, the taxpayer is entitled to or can reasonably be expected to receive and that would be government assistance or non-government assistance if it were received by the taxpayer; (c) be determined with reference to subsections 127(11.6) to 127(11.8) in respect of an expenditure or cost to a taxpayer except that (i) the reference in subsection 127(11.6) to subsection 127(11.5) is to be read as a reference to section 127.45, (ii) the reference in subsection 127(11.6) to subsection 127(26) is to be read as a reference to subsection 127.45(9), and (iii) the term “qualified expenditure” is to be read as an expenditure eligible to be added to the capital cost of a clean technology property. Deemed deduction
For the purposes of this section, paragraph 12(1)(t), subsection 13(7.1), the description of I in the definition undepreciated capital cost in subsection 13(21) and subsection 3(2) and sections 127.44, 127.48, 127.49 and 129, the amount deemed under subsection (2) to have been paid by a taxpayer for a taxation year is deemed to have been deducted from the taxpayer’s tax otherwise payable under this Part for the year.
frais à l’égard de biens canadiens relatifs au pétrole et au gaz engagés par le contribuable relativement à ce champ ou à une partie de celui-ci, les règles suivantes s’appliquent : a) le contribuable doit, à ce moment, inclure la somme qui lui est payable dans le montant représenté par l’élément G de la formule figurant à la définition de frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe 66.4(5); b) l’autre personne doit, à ce moment, inclure la somme payable par elle dans le montant visé à l’alinéa a) de la définition de frais à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe 66.4(5). Renonciation à des frais d’exploration en faveur de l’actionnaire (12.6) Si, conformément à une entente, une personne paie une action accréditive à la société qui l’émet en sa faveur et que la société engage des frais d’exploration au Canada (sauf des frais réputés par le paragraphe (b.1)) et des frais d’exploration au Canada de la société — ou des frais d’exploration canadiens de la société — après la fin du mois qui comprend cette date, la société peut, en ce qui concerne l’action, après s’être conformée au paragraphe (12.68), renoncer en faveur de cette personne, avant mars de la première année civile commençant après cette période, à l’excédent de la partie de ces frais (appelée « frais déterminés » au présent paragraphe) qui a été engagée au plus tard à la date où la renonciation prend effet — à savoir le jour de la renonciation ou, s’il est antérieur, le jour ou la date est précisé dans le formulaire requis par le paragraphe (12.7) — sur le total des montants suivants : a) tout montant à titre d’aide que la société a reçu, est en droit de recevoir ou peut raisonnablement s’attendre à recevoir à un moment donné et qu’il est raisonnable de rattacher aux frais déterminés ou à des activités d’exploration au Canada s’y rapportant, à l’exclusion des montants qu’il est raisonnable de rattacher aux frais visés aux alinéas b) à b.2); b) ceux des frais déterminés qui constituent des frais généraux d’exploration et d’aménagement au Canada de la société visés par règlement; b.1) ceux des frais déterminés qui représentent le coût ou le coût d’utilisation de données sismiques, selon le cas : Income Tax PART I Income Tax DIVISION B Computation of Income
Where a taxpayer has, in a particular taxation year, repaid (or has not received and can no longer reasonably be expected to receive) an amount of government assistance or non-government assistance that was applied to reduce the cost of a property under paragraph (5)(b) for a preceding taxation year, the amount repaid (or no longer expected to be received) is to be added to the cost to the taxpayer of a property acquired in the particular year for the purpose of determining the taxpayer’s clean technology investment tax credit for the year. Partnership
or (ii) effective on or before the effective date of the renunciation. COVID-19 – time extension to 36 months --- Impôt sur le revenu
Subject to section 127.47, where, in a particular taxation year of a taxpayer who is a member of a partnership, an amount would be determined under subsection (2) in respect of the partnership, for its taxation year that ends in the particular year, if the partnership were a taxable Canadian corporation and its fiscal period were its taxation year, the portion of that amount that can reasonably be considered to be the taxpayer’s share thereof shall be added in computing the clean technology investment tax credit of the taxpayer at the end of the particular year. Unpaid amounts
For the purposes of this section, where any part of the capital cost of a taxpayer’s clean technology property is unpaid on the day that is 180 days after the end of the taxation year in which a deduction in respect of a clean technology investment tax credit would otherwise be available in respect of the property, such amount is to be (a) excluded from the capital cost of such property in the year; and (b) added to the capital cost of such property at the time it is paid.
Subsection (2) does not apply if a clean technology property — or an interest in a person or partnership that has, directly or indirectly, an interest in, or for civil law, a right in, such property — is a tax shelter investment for the purpose of section 143.2. Recapture — conditions for application (a) a taxpayer acquired a clean technology property in the year or any of the preceding 10 calendar years; (b) the taxpayer became entitled to a clean technology investment tax credit in respect of the capital cost, or a portion of the capital cost, of the particular property; and (c) in the year, the particular property (or another property that incorporates the particular property) is converted to a non-clean technology use, is exported from Canada or is disposed of without having been previously exported or converted to a non-clean technology use. Recapture of credit
If this subsection applies, there shall be added to the taxpayer’s tax otherwise payable under this Part for the year the lesser of (a) the amount of the taxpayer’s clean technology investment tax credit in respect of the particular property, and (b) the amount determined by the formula A is the amount of the taxpayer’s clean technology investment tax credit in respect of the particular property, (i) in the case where the particular property is disposed of to a person who deals at arm’s length with the taxpayer, the proceeds of disposition of the property, or (ii) in the case where the particular property is disposed of to a person who does not deal at arm’s length with the taxpayer, is converted to a non-clean technology use or is exported from Canada, the fair market value of the property, and C is the capital cost of the particular property on which the clean technology investment tax credit was deducted.
(i) qui ont été acquises, autrement que par suite de l’exécution de travaux qui les ont créées, par une autre personne avant que le coût soit engagé, (ii) relativement auxquelles un droit d’utilisation avait été acquis par une autre personne avant que le coût soit engagé, (iii) qui découlent, en totalité, ou presque, de travaux exécutés plus d’un an avant que le coût soit engagé; b.2) si la convention est conclue après le mois de mars 2023, ceux des frais déterminés qui ne sont pas visés aux alinéas b) ou b.1) et qui constitueraient des frais d’exploration au Canada si, à la fois : (i) la définition de frais d’exploration au Canada au paragraphe 66.1(6) s’appliquait comme non tenue de son alinéa g.1), (ii) la définition de matières minérales au paragraphe 248(1) s’appliquait comme non tenue de ses alinéas a) et d); c) les montants au titre de ces frais auxquels la société renonce au plus tard à la date où la renonciation est faite – sur le total des montants auxquels il a été renoncé en vertu du présent paragraphe ou des paragraphes (12.601) ou (12.62) au plus tard le jour où la renonciation est faite, ne dépasser l’excédent éventuel du montant payé pour l’action sur le total des autres montants concernant l’action auxquels la société a renoncé en vertu du présent paragraphe ou des paragraphes (12.601) ou (12.62) au plus tard le jour où la renonciation est faite, ni dépasser l’excédent éventuel du montant de ses frais cumulatifs d’exploration au Canada de la société à la date où la renonciation prend effet – calculé compte non tenu des montants auxquels il a été renoncé en vertu du présent paragraphe le jour où la renonciation est faite – sur le total des montants auxquels il a été renoncé en vertu du présent paragraphe en ce qui concerne d’autres actions, d’une part, le jour où la renonciation est faite, et, d’autre part, avec effet au plus tard à la date où la renonciation prend effet. COVID-19 – prolongation du délai à 36 mois (12.6001) La mention de « 24 mois » aux paragraphes (12.6) et (12.62) vaut mention de « 36 mois ». Income Tax PART I Income Tax DIVISION B Computation of Income
Subsections (11) and (12) do not apply to a taxpayer that is a taxable Canadian corporation (in this subsection referred to as the “transferor”) that disposes of a property to another taxable Canadian corporation (in this subsection referred to as the “purchaser”) related to the transferor if the purchaser acquired the property in circumstances where the property would be clean technology property to the purchaser but for paragraph (b) of that definition.
(12.601) Where (d) all specified expenses that are prescribed Canadian exploration and development overhead expenses of the corporation, and Impôt sur le revenu
If subsection (13) applies, subsection 127(34) applies with such modifications as the circumstances require, including that the reference to subsection 127(33) be read as a reference to subsection 127.45(13). Recapture event reporting requirement
If subsection (11) or (13) applies to a taxpayer for a particular year, the taxpayer shall notify the Minister in prescribed form and manner on or before the taxpayer’s filing-due date for the year. Recapture of credit for partnerships (a) the partnership acquired a particular clean technology property in the fiscal period or in any of the 10 preceding calendar years; (b) the cost, or a portion of the cost, of the particular property is included in an amount, a percentage of which can reasonably be considered to have been included in computing the amount determined under subsection (8) in respect of the partnership at the end of a fiscal period; and (c) in the fiscal period, the particular property (or another property that incorporates the particular property) is converted to a non-clean technology use, is exported from Canada or is disposed of without having been previously exported or converted to a non-clean technology use. Addition to tax
If this subsection applies to a fiscal period of a partnership, where a taxpayer is a member of the partnership during the fiscal period, there shall be added to the taxpayer’s tax otherwise payable under this Part for the taxpayer’s taxation year in which the fiscal period ends the amount that can reasonably be considered to be the taxpayer’s share of the amount, if any, equal to the lesser of (a) the amount that can reasonably be considered to have been included in respect of the particular property in computing the amount determined under subsection (8) in respect of the partnership, and (b) the percentage described in paragraph (16)(b) of (i) where the particular property (or the other property) is disposed of to a person who deals at arm’s length with the partnership, the proceeds of disposition of the property, and (ii) in any other case, the fair market value of the particular property (or the other property) at the time of the conversion, export or disposition.
If subsections (16) and (17) apply with respect to the property of a partnership for a particular fiscal period, the partnership shall notify the Minister in prescribed form and manner on or before the day when a return is required by section 229 of the Income Tax Regulations to be filed in respect of the period. Clean technology investment tax credit — purpose
Première tranche de 1 000 000 $ de frais d’aménagement au Canada (12.601) Lorsque, conformément à une convention, une personne paie une action accréditive à la société qui l’émet en sa faveur, que le montant de capital imposable de la société au moment du paiement n’excède pas 15 000 000 $ et que, au cours de la période commençant le jour de la conclusion de la convention et se terminant au premier de la date du 31 décembre 2018 et du jour qui suit de 24 mois la fin du mois qui comprend le jour de cette conclusion, la société engage des frais d’aménagement au Canada (sauf une dépense réputée être par le paragraphe (12.66) avoir été engagée le 31 décembre 2018) visés aux alinéas a) ou b) de la définition de frais d’aménagement au Canada au paragraphe 66.2(5) ou qui seraient visés à l’alinéa f) de cette définition si le passage « à l’un des alinéas a) à e) » était remplacé par « aux alinéas a) et b) », la société peut, relativement à cette action, après s’être conformée au paragraphe (12.68), renoncer en faveur de cette personne, avant mars de la première année civile suivant cette période, à un montant égal à l’excédent éventuel de la partie de ces frais engagés au plus tard à la date de prise d’effet de la renonciation (appelée « frais déterminés » au présent paragraphe) sur le total des montants suivants : a) tout montant à titre d’aide que la société a reçu, est en droit de recevoir ou peut raisonnablement s’attendre à recevoir à un moment quelconque et qu’il est raisonnable de rattacher aux frais déterminés ou à des activités d’aménagement au Canada s’y rapportant, à l’exclusion des montants à titre d’aide qu’il est raisonnable de rattacher aux frais visés à l’alinéa b); b) aux frais déterminés qui constituent des frais généraux d’exploration et d’aménagement au Canada de la société visés par règlement; c) les montants sur lesquels il est renoncé au plus tard le jour où la renonciation est faite, il est par ailleurs renoncé en vertu du présent paragraphe ou du paragraphe (12.62). Taxable capital amount Idem exceeds (B) effective on or before the effective date of the renunciation; or exceeds $1,000,000. Effect of renunciation (12.61) Subject to subsections 66(12.69) to 66(12.702), where under subsection 66(12.6) or 66(12.601) a corporation renounces an amount to a person, Idem (12.602) Une société est réputée ne pas avoir renoncé à un montant en vertu du paragraphe (12.601) en ce qui concerne une action si, selon le cas : a) le montant dépasse l’excédent éventuel du montant payé pour l’action sur le total des autres montants concernant l’action auxquels la société a renoncé en vertu des paragraphes (12.6), (12.601) ou (12.62) au plus tard à la date où la renonciation est faite; b) le montant dépasse l’excédent éventuel du montant visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) les frais cumulatifs d’aménagement au Canada de la société à la date où la renonciation est faite, calculés compte non tenu des montants auxquels il a été renoncé en vertu du paragraphe (12.601) à la date où la renonciation est faite, (ii) le total des montants auxquels la société a renoncé en vertu du paragraphe (12.6) ou en ce qui concerne d’autres actions, au plus tard à la date où la renonciation est faite et, d’autre part, avec effet au plus tard à la date de la renonciation en question; c) le montant se rattache à des frais d’aménagement au Canada que la société a engagés au cours d’une année civile, et le total des montants auxquels elle a renoncé en vertu du paragraphe (12.601), au plus tard à la date où la renonciation est faite, au titre des frais suivants dépasse 1 000 000 $ : (i) soit les frais d’aménagement au Canada engagés par la société au cours de cette année civile, (ii) soit les frais d’aménagement au Canada engagés au cours de cette année civile par une autre société qui, au moment où elle engage ces frais, est associée à la société. Effet de la renonciation (12.61) Sous réserve des paragraphes (12.69) à (12.702), dans le cas où une société renonce à un montant en faveur d’une personne en vertu des paragraphes (12.6) ou (12.601): Income Tax PART I Income Tax DIVISION B Computation of Income
The purpose of this section is to encourage the investment of capital in the adoption and operation of clean technology property in Canada. Authority of the Minister of Natural Resources
(ii) effective on or before the effective date of the renunciation. Effect of renunciation (12.63) Subject to subsections (12.69) to (12.702), if under subsection (12.62) a corporation renounces an amount to a person, (12.64) and (12.65) [Repealed, 1997, c. 25, s. 13(15)] (12.66) Where Impôt sur le revenu
For the purpose of determining whether a property is a clean technology property, any technical guide, published by the Department of Natural Resources and as amended from time to time, is to apply conclusively with respect to engineering and scientific matters. (NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.) 2024, c. 15, s. 38; 2024, c. 17, s. 80.
benefits means vacation, pension, health and welfare benefits required to be provided by employers to or for employees under an eligible collective agreement. (avantages sociaux) covered worker means an individual (other than a trust) (a) who is engaged in the preparation or installation of specified property at a designated work site as an employee of an incentive claimant or of another person or partnership; (b) whose work or duties in respect of the designated work site are primarily manual or physical in nature; and (c) who is not (i) an administrative, clerical or executive employee, or (ii) a business visitor to Canada as described in section 187 of the Immigration and Refugee Protection Regulations. (travailleur visé) designated work site in a taxation year of an incentive claimant means a work site where specified property of an incentive claimant is located during the year and includes the site of a CCUS project (as defined in section 127.44) or of a clean hydrogen project (as defined in section 127.48) of the incentive claimant. (chantier désigné) eligible collective agreement means (i) a collective agreement negotiated in accordance with applicable provincial law, or (ii) a prescribed agreement; and (b) in any other case, (i) the most recent multi-employer collective bargaining agreement negotiated with a trade union that is an affiliate of Canada’s Building Trades Unions for a given trade in a region or province, (ii) a project labour agreement established with a trade union in accordance with applicable provincial law that covers the work associated with the investments eligible for specified tax credits and that provides for wages and benefits for covered workers in a given trade that are at least equal to the regular wages (without taking into account overtime) and benefits provided for covered workers in an agreement described in subparagraph (i), or incentive claimant means a person that, or a partnership at least one member of which, plans to claim or has claimed a specified tax credit for a taxation year. (demandeur d’incitatif) Red Seal worker means a covered worker whose duties are, or are equivalent to, those duties normally performed by workers in a Red Seal trade. (travailleur Sceau rouge) Reduced or regular rate
Despite sections 127.44, 127.45 and 127.48, the applicable rate for each specified tax credit of an incentive claimant is the reduced tax credit rate unless the incentive claimant attests in prescribed form and manner to meet the prevailing wage requirements under subsection (3) and the apprenticeship requirements under subsection (5) for each installation taxation year in respect of the specified tax credit.
For the purposes of this section, the prevailing wage requirements for an incentive claimant for an installation taxation year are (b) in any other case, the following conditions: (i) each covered worker at a designated work site of an incentive claimant must be compensated for their work on the preparation or installation of specified property (A) in accordance with the terms of an eligible collective agreement that applies to the worker, or (B) in an amount that is at least equal to the amount of the regular wages (without taking into account overtime) and benefits as specified in the eligible collective agreement that most closely aligns with the covered worker’s experience level, tasks and location, calculated on a per-hour or similar basis; (ii) the incentive claimant attests, in prescribed form and manner, that it has met the prevailing wage requirement in subparagraph (i) for its own employees who are covered workers, if any, and that it has taken reasonable steps to ensure that any covered workers employed by any other person or partnership at the designated work site are compensated in accordance with subparagraph (i); and (iii) it has communicated, either in a poster or notice, in a manner readily visible to and accessible by covered workers at the designated work site or by electronic means, a notice confirming that the work site is a work site subject to prevailing wage requirements in relation to covered workers, including a plain language explanation of what that means for workers and information regarding how to report failures to pay prevailing wages to the Minister.
matières minérales au paragraphe 248(1) s’appliquait compte non tenu de ses alinéas a) et d); c) les montants au titre de ces frais auxquels, au plus tard le jour où la renonciation est faite, il est par ailleurs renoncé en vertu du présent paragraphe ou du paragraphe (12.601). Cet excédent ne peut toutefois ni dépasser l’excédent éventuel du montant payé pour l’action sur le total des autres montants concernant l’action auxquels la société a renoncé en vertu du présent paragraphe ou des paragraphes (12.6) ou (12.601) au plus tard le jour où la renonciation est faite, ni dépasser l’excédent éventuel du montant des frais cumulatifs d’aménagement au Canada de la société à la date où la renonciation prend effet calculé compte non tenu des montants auxquels il a été renoncé en vertu du présent paragraphe pour un autre action — sur le total des montants auxquels il a été renoncé en vertu du présent paragraphe en ce qui concerne d’autres actions, d’autre part, le jour où la renonciation est faite et, d’autre part, avec effet au plus tard à la date où la renonciation prend effet. Effet de la renonciation (12.63) Sous réserve des paragraphes (12.69) à (12.702), dans le cas où une société renonce à un montant en faveur d’une personne en vertu du paragraphe (12.62) : a) les frais d’aménagement au Canada auxquels ce montant se rapporte sont réputés être des frais d’aménagement au Canada de ce montant engagés par cette personne à la date où la renonciation prend effet; b) les frais d’aménagement au Canada auxquels ce montant se rapporte sont réputés, à compter de la date où la renonciation prend effet, n’avoir jamais été engagés par la société. (12.64) et (12.65) [Abrogés, 1997, ch. 25, art. 13(15)] Frais engagés dans l’année suivante (12.66) Pour l’application du paragraphe (12.6) et pour l’application du paragraphe (12.601) et de l’alinéa (12.602)b), la société qui émet une action accréditive à une personne conformément à une convention est réputée avoir engagé des frais d’exploration au Canada ou des frais d’aménagement au Canada le dernier jour de Income Tax PART I Income Tax DIVISION B Computation of Income
Where an eligible collective agreement that is used to calculate the prevailing wage requirement under subparagraph (3)(b)(i) is expired, then the amounts of wages and benefits stipulated in the agreement shall be adjusted by the average Consumer Price Index in the manner set out in section 117.1 for each calendar year that begins after the expiration of the eligible collective agreement.
Restrictions on renunciation (12.67) A corporation shall be deemed Impôt sur le revenu
For the purposes of this section, the apprenticeship requirements for an incentive claimant for an installation taxation year are that (a) subject to paragraph (b), the incentive claimant makes reasonable efforts to ensure that apprentices registered in a Red Seal trade work at least 10% of the total hours that are worked during the year by Red Seal workers at a designated work site of the incentive claimant on the preparation or installation of specified property; (b) if an applicable law or collective agreement that specifies a maximum ratio of apprentices to journeypersons, or otherwise restricts the number of apprentices employed at a designated work site, prevents the condition in paragraph (a) from being met, the incentive claimant makes reasonable efforts to ensure that the highest possible percentage of the total labour hours, performed during the year by Red Seal workers on the preparation or installation of specified property, is performed by apprentices registered in a Red Seal trade while respecting the applicable labour law or collective agreement; and (c) the incentive claimant attests in prescribed form and manner that it has met the apprenticeship requirements in paragraph (a) or (b) in respect of covered workers at the designated work site. Addition to tax — wage requirement
Unless subsection (9) applies, if an incentive claimant claims a specified tax credit at a regular tax credit rate in a taxation year but does not meet the prevailing wage requirements in respect of a covered worker for one or more days in an installation taxation year in respect of that specified tax credit, there shall be added to the tax payable under this Part for the installation taxation year by the incentive claimant an amount equal to $20 for each day in the installation taxation year on which the covered worker was not paid the prevailing wage. Addition to tax — apprenticeship requirement
Unless subsection (9) applies, if an incentive claimant claims a specified tax credit at a regular tax credit rate in a taxation year in respect of a designated work site, but less than 10% of the total hours that are worked during an installation taxation year in respect of that specified tax credit at the designated work site on the preparation or installation of specified property are worked by apprentices registered in a Red Seal trade, there shall be added to the tax payable under this Part for the installation taxation year by the incentive claimant the amount determined by the formula A is the total number of hours of labour required to be performed by apprentices registered in a Red Seal trade for the installation taxation year at the designated work site of the incentive claimant as described in paragraph (5)(a) or (b), as applicable, in each case read without reference to the words “the incentive claimant makes reasonable efforts to ensure that”; and B is the total number of actual hours of labour performed by apprentices registered in a Red Seal trade for the installation taxation year at the designated work site of the incentive claimant on the preparation or installation of specified property plus any other hours of labour for which the incentive claimant has met the apprenticeship requirements in paragraph (5)(a) or (b), as applicable.
The dollar amounts in subsections (6) and (7) shall be adjusted for inflation in each calendar year. commencing after 2023 in the manner set out in section 117.1.
année civile précédant une année civile donnée si les conditions ci-après sont réunies : a) la société engage les frais au cours de l’année donnée; a.1) la convention a été conclue au cours de l’année précédente; b) les frais, selon le cas : (i) sont des dépenses visées aux alinéas a), d), f) ou g.1) de la définition de frais d’exploration au Canada au paragraphe 66.1(6) ou aux alinéas a) ou b) de la définition de frais d’aménagement au Canada au paragraphe 66.2(5), (ii) seraient des dépenses visées à l’alinéa h) de la définition de frais d’exploration au Canada au paragraphe 66.1(6) si le passage «alinéas a) à d) et f) à g.4» à cet alinéa était remplacé par «alinéas a), d), f) et g.1)», (iii) seraient des dépenses visées à l’alinéa f) de la définition de frais d’aménagement au Canada au paragraphe 66.2(5) si le passage «alinéas 66(12.6)a) à e)» était remplacé par «alinéas a) ou b)», c) avant la fin de l’année précédente, la personne a payé l’action à émettre en argent en contrepartie; d) la société et la personne n’entrent elles-mêmes en aucune relation de dépendance tout au long de l’année donnée; e) en janvier, février ou mars de l’année donnée, la société renonce à un montant au titre de ces frais, en ce qui concerne l’action, en faveur de la personne, conformément aux paragraphes (12.6) ou (12.601) et la renonciation prend effet le dernier jour de l’année précédente. (12.67) Une société est réputée : a) ne pas avoir renoncé, en vertu de l’un des paragraphes (12.6), (12.601) et (12.62), aux frais qu’elle est réputée avoir engagés à cause d’une renonciation en sa faveur en vertu du présent article par une autre société qui ne lui est pas liée; b) ne pas avoir renoncé, en vertu du paragraphe (12.601), en faveur d’une fiducie, d’une société ou d’une société de personnes, à des frais d’aménagement au Canada (sauf les frais auxquels elle renonce en faveur d’une autre société qui renonce, en vertu du paragraphe (12.6), aux frais d’exploration au Canada qu’elle est réputée avoir engagés à cause d’une renonciation en sa faveur en vertu du paragraphe (12.601) si, en ce qui concerne la renonciation faite en vertu du paragraphe (12.601), elle a un lien non autorisé avec la fiducie, la société ou la société de personnes; c) de ne pas avoir renoncé, en vertu du paragraphe (12.601), aux frais d’aménagement au Canada qu’elle est réputée avoir engagés à cause d’une renonciation en sa faveur en vertu du paragraphe (12.62); d) de ne pas avoir renoncé, en vertu du paragraphe (12.6), en faveur d’une fiducie, société ou société de personnes donnée, à des frais d’exploration au Canada (sauf les frais auxquels une société rénonce en fin de compte, en vertu du paragraphe (12.6), en faveur d’un particulier — autre qu’une fiducie — ou en faveur de telle fiducie, société ou société de personnes avec laquelle l’autre société n’a pas, au moment de cette ultime renonciation) qu’elle est réputée avoir engagés à cause d’une renonciation en sa faveur en vertu du paragraphe (12.601), si, en ce qui concerne la renonciation faite en vertu du paragraphe (12.601), elle a un lien non autorisé avec la fiducie, société ou société de personnes donnée. Lien non autorisé (12.671) Pour l’application du paragraphe (12.67), dès lors que, conformément à une convention, une fiducie, une société (appelée « société actionnaire » à l’alinéa b)) ou une société de personnes paye une contrepartie à la société donnée qui l’émet en sa faveur, cette société a, en ce qui concerne une renonciation faite en vertu des paragraphes (12.6) ou (12.601), un lien non autorisé : a) avec la fiducie dans le cas où, après la conclusion de la convention et avant l’émission de l’action, la société donnée ou une société qui lui est liée a eu un droit bénéficiaire dans la fiducie; b) avec la société actionnaire dans le cas où, immédiatement avant la conclusion de la convention, la société actionnaire était liée à la société donnée; c) avec la société de personnes dans le cas où une partie quelconque du montant auquel il a été renoncé serait, si ce n’était le paragraphe (12.7001), inclus, par l’effet de l’alinéa h) de la définition de frais d’exploration au Canada au paragraphe 66.1(6), dans les frais d’exploration au Canada : (i) soit de la société donnée, (ii) soit d’une autre société qui serait liée à la société donnée après la conclusion de la convention et avant l’émission de l’action à la société de personnes. Income Tax PART I Income Tax DIVISION B Computation of Income
If an incentive claimant has claimed a specified tax credit at the regular tax credit rate in a taxation year (referred to in this subsection as the “claim year”) but has failed to meet the prevailing wage requirements or the apprenticeship requirements for an installation taxation year in respect of that specified tax credit and the Minister determines that the incentive claimant knowingly or in circumstances amounting to gross negligence failed to meet those requirements, then (a) the incentive claimant is not entitled to the regular tax credit rate, and is entitled to not more than the reduced tax credit rate, for the specified tax credit; and (b) the incentive claimant is liable to a penalty for the claim year equal to the amount determined by the formula A is the amount of the specified tax credit claimed by the incentive claimant at the regular tax credit rate for the claim year, and B is the amount that the incentive claimant would have been entitled to claim as a specified tax credit at the reduced tax credit rate for the claim year. CCUS refurbishment credit
Filing selling instruments Filing re partners Impôt sur le revenu
Subsection (9) does not apply in respect of a CCUS refurbishment tax credit.
Unless subsection (9) applies, if an incentive claimant receives a notification from the Minister specifying that the incentive claimant did not meet the prevailing wage requirements for a designated work site for a taxation year, the incentive claimant may within one year after receipt of the notification, or such longer period as is acceptable to the Minister, cause each covered worker to be paid the top-up amount determined under subsection (12). Top-up amount
For each covered worker in respect of an incentive claimant, the top-up amount referred to in subsection
for a taxation year shall equal or exceed the amount determined by the formula A is the amount that the covered worker would have received or benefited from, in respect of the worker’s employment at the designated work site during the taxation year, had the covered worker been paid in accordance with the prevailing wage requirements in paragraph (3)(a) or subparagraph (3)(b)(i), as applicable; B is the amount that the worker actually received or benefited from, in respect of the worker’s employment at the designated work site during the taxation year; and C is interest on the difference between the description of A and the description of B, calculated from the beginning of the taxation year to the time of payment at the prescribed rate specified in paragraph 4301(a) of the Income Tax Regulations. Top-up payment not made
avant que soit engagée, abstraction faite du présent alinéa, la partie de montant en question, s’il n’était pas tenu compte des actions accréditives émises par la société donnée aux termes de conventions conclues en même temps que la convention en question ou après. Formulaire sur l’avis ou la convention (12.68) La société qui s’oblige par convention à émettre des actions accréditives ou se propose d’en émettre par avis d’émission doit présenter au ministre un formulaire prescrit auquel copie de la convention ou de l’avis doit être jointe, au plus tard le dernier jour du mois suivant le premier : a) du mois au cours duquel la convention est conclue; b) du mois au cours duquel l’avis est en premier remis à un investisseur éventuel, Le ministre doit alors attribuer au formulaire un numéro, dont il informe la société. Déclaration de renseignements sur la part des associés (12.69) La société de personnes qui engage des frais au cours d’un exercice à cause d’une renonciation en vertu des paragraphes (12.6), (12.601) ou (12.62) est tenue, avant la fin du troisième mois commençant après la fin de l’exercice, de présenter au ministre un formulaire prescrit dans lequel est indiquée la part de ces frais attribuable à un de ses associés à la fin de l’exercice. Non-production (12.6901) La société de personnes qui ne se conforme pas au paragraphe (12.69) est réputée, sauf pour l’application de ce paragraphe, ne pas avoir engagé les frais. Formulaire concernant le montant à titre d’aide (12.691) Dans le cas où une société de personnes reçoit ou devient en droit de recevoir un montant à titre d’aide à un moment donné en tant que mandataire de ses associés — actuels ou anciens — concernant des frais d’exploration au Canada ou des frais d’aménagement au Canada Filing re renunciation qu’une société a engagés, ou engagerait si ce n’était les alinéas (12.61)b) ou (12.63)b), les règles suivantes s’appliquent : a) la société de personnes qui sait, à la fin de son premier exercice se terminant après le moment donné, qu’un des associés a un droit sur une partie du montant à titre d’aide et qui n’est pas tenue de déclarer cette partie en application de l’alinéa b) pour une année civile se terminant avant la fin de cet exercice doit, au plus tard le dernier jour du troisième mois suivant la fin de cet exercice, présenter au ministre un formulaire prescrit, dans lequel est indiquée la part de cette partie du montant à titre d’aide qui a été payée à chaque associé avant la fin de cet exercice ou à laquelle chaque associé a droit à la fin de cet exercice; b) la société de personnes qui sait, à la fin d’une année civile se terminant après le moment donné, qu’un des associés a un droit sur une partie du montant à titre d’aide et qui n’est pas tenue de déclarer cette partie en application soit de l’alinéa a) pour un exercice se terminant à la fin de cette année civile ou avant, soit du présent alinéa pour une année civile antérieure doit, au plus tard le dernier jour du troisième mois suivant la fin de cette année civile, présenter au ministre un formulaire prescrit, dans lequel est indiquée la part de cette partie du montant à titre d’aide qui a été payée à chaque associé avant la fin de cette année civile ou à laquelle chaque associé a droit à la fin de cette année civile; c) à défaut de présenter le formulaire, la société de personnes est réputée ne pas avoir engagé la partie des frais relatifs au montant à titre d’aide qui doit y être déclarée. Formulaire de renonciation (12.7) La société qui renonce à un montant au titre de frais d’exploration au Canada ou de frais d’aménagement au Canada en vertu des paragraphes (12.6), (12.601) ou (12.62) est tenue, avant la fin du premier mois suivant celui où la renonciation est faite, de présenter au ministre un formulaire prescrit relatif à la renonciation. Non-production (12.7001) Les paragraphes (12.61) et (12.63) ne s’appliquent pas au montant auquel il est renoncé par une société qui ne se conforme pas au paragraphe (12.7) relativement au montant. Restriction on renunciation (12.72) [Repealed, 1997, c. 25, s. 13(23)] Reductions in renunciations b) en cas d’application du sous-alinéa a)(ii), l’état doit être présenté au plus tard 30 jours après l’envoi de la demande; c) en cas d’application du sous-alinéa a)(ii), l’état doit être présenté avant mars de l’année civile subséquente; d) sauf pour l’application de la partie XII.6, tout montant ayant censément fait l’objet d’une renonciation en faveur d’une personne est réputé, une fois l’état présenté au ministre, avoir toujours été réduit de la partie de l’excédent indiquée dans l’état concernant cette renonciation; e) si une société ne produit pas l’état dans le délai prévu, ou, dans l’état produit, n’applique pas la totalité de l’excédent en réduction d’une ou plusieurs montants auxquels il a censément été renoncé, le ministre peut réduire le montant total auquel la société a censément renoncé en faveur d’une ou plusieurs personnes du montant de l’excédent inappliqué, auquel cas le montant auquel il a censément été renoncé en faveur d’une personne est réputé, après le moment en question et sauf pour l’application de la partie XII.6, avoir toujours été réduit de la partie de l’excédent que le ministre a attribuée à la personne. COVID-19 – conventions conclues en 2019 ou en 2020 (12.731) Si une convention est conclue en 2019 ou en 2020 par une société pour émettre des actions accréditives de la société : a) la mention au sous-alinéa (12.73)a)(ii) de « à la fin de l’année » vaut mention de « à la fin de l’année séquente »; b) la mention à l’alinéa (12.73)c) de « avant mars de l’année civile » vaut mention de « avant mars de la deuxième année civile ». Documents présentés en retard (12.74) Une société ou une société de personnes peut présenter au ministre un document visé aux paragraphes (12.68), (12.69), (12.691), (12.7) ou (12.701) après le jour où le document doit être présenté selon ces paragraphes. Sauf pour l’application du présent paragraphe et du paragraphe (12.75), le document est réputé avoir été présenté à la date prévue si les conditions suivantes sont réunies : a) le document présenté : (i) au plus tard le quatre-vingt-dixième jour suivant le jour où il devait l’être au plus tard, Income Tax PART I Income Tax DIVISION B Computation of Income
For each covered worker in respect of whom a top-up amount is not paid under subsection (11), the incentive claimant shall pay to the Receiver General, as a penalty under this Act, 120% of the amount determined by the formula in subsection (12). Tax treatment of top-up amount
Late renunciation Penalty (12.75) For the purposes of subsections 66(12.74) and 66(12.741), the penalty in respect of the late filing of a document referred to in subsection 66(12.68), 66(12.69), 66(12.691), 66(12.7) or 66(12.701) or in respect of a renunciation referred to in subsection 66(12.741) is the lesser of $15,000 and (a) where the penalty is in respect of the late filing of a document referred to in subsection 66(12.68), 66(12.69) or 66(12.7), the greater of Impôt sur le revenu
A top-up amount that is paid to a covered worker (a) is deemed to be (i) salary and wages of the worker for the year in which it is received, and (ii) deductible in computing income by the payor for the year in which it is paid; and
This section does not apply to a specified tax credit claimed for the acquisition of off-road zero emission vehicles or to the acquisition and installation of low carbon heat equipment. Deemed reasonable efforts
For the purposes of this section, an incentive claimant is deemed to have satisfied the requirement in paragraph (5)(a) or (b), as the case may be, in respect of hours of labour at a designated work site for an installation taxation year if the following conditions are met: (a) at least every four months, the incentive claimant (i) posts a bona fide job advertisement, seeking sufficient apprentices to perform those hours of labour in respect of the designated work site, that (A) includes a commitment to facilitate participation of apprentices in a Red Seal trade program and a statement that the job opportunity is open to both existing employees and new hires, (B) is open and readily accessible on the Job Bank website of the Government of Canada and at least two other websites either (I) on a continuous basis throughout the year, or (II) for at least 30 days from the time of posting, (ii) communicates with a trade union (which, if the designated work site is in Quebec, is a trade union recognized under applicable provincial law and, if the designated work site is outside of Quebec, is an affiliate of Canada’s Building Trades Unions) and at least one secondary school or post-secondary educational institution for the purpose of facilitating the hiring of the apprentice positions described in the job advertisement, and (iii) receives from the trade union confirmation in writing that the trade union has provided as many apprentices as reasonably possible for work at the designated work site during the installation year, unless the trade union fails to respond within five business days of a request; (b) the incentive claimant reviews and duly considers all applications received in response to the advertisement for apprenticeship opportunities that are offered directly by the incentive claimant and takes reasonable steps to ensure that other applications are reviewed and duly considered; and (c) the incentive claimant attests in prescribed form and manner that it has complied with paragraphs (a) and (b). Partnerships
If subsection (6), (7), (9) or (13) applies to an incentive claimant that is a partnership (a) any member of the partnership may elect to pay the amount of the relevant tax or penalty liability on behalf of the partnership; (b) if no election has been made under paragraph (a), the portion of the relevant tax or penalty liability that can reasonably be considered to be each member’s share thereof is payable by each member; and (c) each member of the partnership is jointly and severally, or for civil law, solidarily, liable for any portion of the amount of the relevant tax or penalty liability that is not paid in accordance with paragraph (a) or allocated to and payable by a member under paragraph (b). [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2024, c. 15, s. 37; 2024, c. 17, s. 80.
(iii) après le quatre-vingt-dixième jour suivant ce jour, dans le cas où, de l’avis du ministre, les circonstances sont telles qu’il est juste et équitable d’en permettre la présentation; b) la société ou la société de personnes paie au receveur général, au moment de la présentation, une pénalité pour présentation tardive. Renonciation tardive (12.741) Lorsqu’une société a censément renoncé à un montant en vertu des paragraphes (12.6), (12.601) ou (12.62) après la période au cours de laquelle elle avait le droit de le faire, le montant est réputé, sauf pour l’application du présent paragraphe et des paragraphes (12.7) et (12.75), avoir fait l’objet d’une renonciation à la fin de la période si, à la fois : a) la société a censément renoncé au montant : (i) soit au plus tard le quatre-vingt-dixième jour suivant la fin de la période, (ii) soit après le quatre-vingt-dixième jour suivant la fin de la période, si, de l’avis du ministre, les circonstances sont telles qu’il est juste et équitable qu’elle renonce au montant; b) la société verse au receveur général une pénalité à l’égard de la renonciation au plus tard quatre-vingt-dix jours après celle-ci. Pénalité (12.75) Pour l’application des paragraphes (12.74) et (12.741), la pénalité pour présentation tardive d’un document visé aux paragraphes (12.68), (12.69), (12.691), (12.7) ou (12.701) ou pour renonciation tardive visée au paragraphe (12.741) correspond au moins élevé de 15 000 $ et : a) dans le cas d’un document visé aux paragraphes (12.68), (12.69) ou (12.7), du plus élevé des montants suivants : (i) 100 $, (ii) 0,25 % du montant maximal au titre des frais d’exploration au Canada ou des frais d’aménagement au Canada qui ont ou doivent faire l’objet d’une renonciation ou d’une attribution conformément au document; b) dans le cas d’un document visé au paragraphe (12.691) ou (12.701), du plus élevé des montants suivants : Income Tax PART I Income Tax DIVISION B Computation of Income
clean economy allocation provision means clean economy expenditure means (a) a qualified CCUS expenditure as determined under section 127.44; (b) the capital cost of clean technology property as determined under section 127.45; Current to January 22, 2025 Last amended on January 1, 2025 (c) the capital cost of eligible clean hydrogen property as determined under section 127.48; or clean economy provision means (b) section 127.44 and Part XII.7; clean economy tax credit means (a) a CCUS tax credit (as defined in subsection 127.44(1)); (b) a clean technology investment tax credit (as defined in subsection 127.45(1)); (c) a clean hydrogen tax credit (as defined under section 127.48(1)); or limited partner has the meaning assigned by subsection 96(2.4) if that subsection were read without reference to “if the member’s partnership interest is not an exempt interest (within the meaning assigned by subsection (2.5)) at that time and”. (commanditaire) Credits in unreasonable proportions
(ii) 1/4 of 1% of the amount of the renunciation. Limitation Impôt sur le revenu
If the members of a partnership agree to share the amount of a clean economy tax credit of the partnership and the share of any member of that amount is not reasonable in the circumstances having regard to the capital invested in or work performed for the partnership by the members of the partnership or such other factors as may be relevant, that share shall, notwithstanding any agreement, be deemed to be the amount that is reasonable in the circumstances. Limited partners
Notwithstanding subsection (2), if a taxpayer is a limited partner of a partnership at the end of a fiscal period of the partnership, the total of all clean economy tax credits allocated to the taxpayer by the partnership in respect of that fiscal period shall not exceed the taxpayer’s at-risk amount in respect of the partnership at the end of that fiscal period. Apportionment rule
The amount required by any clean economy allocation provision to be added in computing a particular clean economy tax credit of a taxpayer in respect of a partnership for the taxation year in which the partnership’s fiscal period ends is deemed to be the portion of the amount otherwise determined under this section in respect of the taxpayer that is reasonably attributable to each particular clean economy tax credit. Assistance received by member of partnership
For the purposes of computing a clean economy tax credit, if, at a particular time, a taxpayer that is a member of a partnership has received, is entitled to receive or can reasonably be expected to receive government assistance or non-government assistance (as defined in subsection 127(9)), the amount of that assistance that may reasonably be considered to be in respect of a clean economy expenditure of the partnership shall be deemed to have been received at that time by the partnership as government assistance or non-government assistance, as the case may be, in respect of the expenditure. Credit received by member of partnership
(i) 100 $, (ii) 0,25 % du montant à titre d’aide indiqué dans le document; c) dans le cas de la renonciation visée au paragraphe (12.741), du plus élevé des montants suivants : (i) 100 $, (ii) 0,25 % du montant de la renonciation. Limitation
For the purposes of subsection 13(7.1), if, pursuant to an allocation from a partnership under a clean economy allocation provision, an amount is added in computing a clean economy tax credit of a taxpayer at the end of the taxpayer’s taxation year, the amount shall be deemed to have been received by the partnership at the end of its fiscal period in respect of which the allocation was made as assistance from a government for the acquisition of depreciable property.
Le contribuable qui a engagé des dépenses à l’égard desquelles une déduction est autorisée par plusieurs dispositions du présent article ou des articles 66.1, 66.2 ou 66.4 ne peut les déduire qu’en vertu d’une seule disposition mais il peut choisir la disposition en vertu de laquelle il effectuera cette déduction. Année d’imposition courte (13.1) Si l’année d’imposition d’un contribuable compte moins de 51 semaines, le montant déterminé pour l’année selon le sous-alinéa (4)b)(i), les alinéas 66.2(2)c) et d), le sous-alinéa b)(i) de la définition de limite globale des frais relatifs à des ressources à l’étranger au paragraphe 66.2(11), le sous-alinéa 66.21(4)a)(i), la division 66.21(4)a)(ii)(B) et les alinéas 66.4(2)b) et c) et 66.7(2.3)a), (4)a) et (5)a) ne peut dépasser le produit de la multiplication du montant déterminé par ailleurs par le rapport entre le nombre de jours de l’année et 365. Montants réputés déductibles en vertu de la présente sous-section
For the purposes of each clean economy provision, a person or partnership that is (or is deemed by this subsection to be) a member of a particular partnership that
Pour l’application de l’article 3, toute somme déductible selon les Règles concernant l’application de l’impôt sur le revenu à l’égard du présent paragraphe est réputée déductible en vertu de la présente sous-section. Montant désigné au titre des frais d’exploration au Canada (14.1) Une société peut désigner pour une année d’imposition un montant qui ne dépasse pas le moindre des montants suivants, en présentant une désignation au ministre sur le formulaire prescrit au plus tard à la date où elle est tenue de produire une déclaration de revenu pour l’année conformément à l’article 150 : a) ses frais d’exploration au Canada, visés par règlement, pour l’année; b) ses frais cumulatifs d’exploration au Canada à la fin de l’année. Le montant ainsi désigné doit être, d’une part, ajouté dans le calcul du solde de son compte compensatoire cumulatif immédiatement avant la fin de l’année et, d’autre part, déduit dans le calcul de ses frais cumulatifs d’exploration au Canada à un moment postérieur à la fin de l’année. Montant désigné au titre des frais cumulatifs d’aménagement au Canada (14.2) Une société peut désigner pour une année d’imposition un montant qui ne dépasse pas le montant visé à l’alinéa a) ou b) en présentant une désignation au ministre sur le formulaire prescrit au plus tard à la date où elle est tenue de produire une déclaration de son revenu pour l’année conformément à l’article 150 : a) en cas de déduction en vertu du paragraphe 66.2(2) dans le calcul du revenu de la société pour l’année, le moindre des montants suivants : (i) le montant correspondant à 30 % des frais d’aménagement au Canada, visés par règlement, de la société pour l’année, (ii) l’excédent éventuel du montant correspondant à 30 % des frais cumulatifs d’aménagement au Canada de la société à la fin de l’année sur le montant déduit pour l’année en vertu du paragraphe 66.2(2) dans le calcul du revenu de la société pour l’année; b) en l’absence de déduction en vertu du paragraphe 66.2(2) dans le calcul du revenu de la société pour l’année, le moindre des montants suivants : (i) le montant correspondant à 30 % des frais d’aménagement au Canada, visés par règlement, de la société pour l’année, (ii) le montant correspondant à 30 % des frais cumulatifs rajustés d’aménagement au Canada de la société à la fin de l’année. Le montant ainsi désigné doit être, d’une part, ajouté dans le calcul du solde de son compte compensatoire cumulatif immédiatement avant la fin de l’année et, d’autre part, déduit dans le calcul de ses frais cumulatifs d’aménagement au Canada à un moment postérieur à la fin de l’année. Définition de frais cumulatifs rajustés d’aménagement au Canada (14.3) Pour l’application de l’alinéa 66(14.2)(b), frais cumulatifs rajustés d’aménagement au Canada s’entend du montant qui correspondrait aux frais cumulatifs d’aménagement au Canada d’une société à la fin d’une année Income Tax PART I Income Tax DIVISION B Computation of Income
average actual carbon intensity means, for the compliance period of a clean hydrogen project, the number determined by the formula B is the quantity, in kilograms, of hydrogen produced by the project in the first operating year of the compliance period; D is the quantity, in kilograms, of hydrogen produced by the project in the second operating year of the compliance period; F is the quantity, in kilograms, of hydrogen produced by the project in the third operating year of the compliance period; H is the quantity, in kilograms, of hydrogen produced by the project in the fourth operating year of the compliance period; J is the quantity, in kilograms, of hydrogen produced by the project in the fifth operating year of the compliance period; and K is the total quantity, in kilograms, of hydrogen produced by the project during the compliance period. (intensité carbonique réelle moyenne) captured carbon has the same meaning as in subsection 127.44(1). (carbone capté) carbon dioxide equivalent means the carbon dioxide emissions that would be required to produce a warming effect equivalent to the emissions of any specified greenhouse gas, as determined in accordance with the Clean Hydrogen Investment Tax Credit — Carbon Intensity Modelling Guidance Document published by the Government of Canada over an assessment period of 100 years. (équivalent en dioxyde de carbone) CCUS process has the same meaning as in subsection 127.44(1). (processus de CSC) clean ammonia means ammonia produced from clean hydrogen. (ammoniac propre) clean ammonia equipment means equipment that is used solely for the purpose of producing ammonia, including equipment for (b) heat recovery and conversion; (c) nitrogen generation; clean hydrogen means hydrogen produced, whether solely or in conjunction with other gases, that has a carbon intensity of less than four. (hydrogène propre) clean hydrogen project of a taxpayer means a project involving (b) the production of clean hydrogen; and clean hydrogen project plan means a plan for a clean hydrogen project of a taxpayer that (a) includes a front-end engineering design study (or an equivalent study as determined by the Minister of Natural Resources) for the project; (b) sets out the expected sources of electricity to be consumed in connection with the project, including sources described in any eligible power purchase agreements; (c) sets out the expected carbon intensity of the hydrogen to be produced by the project (i) determined in accordance with subsection (6), and (ii) supported by a report prepared by a qualified validation firm in respect of the project that includes attestations by the firm that (A) the assumptions in the modelling of the expected carbon intensity are reasonable, and (B) the expected carbon intensity has been determined in accordance with the Clean Hydrogen Investment Tax Credit – Carbon Intensity Modelling Guidance Document published by the Government of Canada; (i) that the project can reasonably be expected to have sufficient hydrogen production capacity to satisfy the needs of the taxpayer’s ammonia production facility, and (ii) if the taxpayer’s hydrogen production facility and its ammonia production facility are not co-located, the feasibility of transporting hydrogen between the facilities; (e) contains any information required in guidelines published by the Minister of Natural Resources, including the Clean Hydrogen Investment Tax Credit – Validation and Verification Guidance Document; and (f) is filed by the taxpayer with the Minister of Natural Resources, in the form and manner determined by the Minister of Natural Resources. (plan de projet pour l’hydrogène propre) clean hydrogen tax credit of a qualifying taxpayer for a taxation year means (a) the total of all amounts each of which is the specified percentage of the capital cost to the taxpayer of an eligible clean hydrogen property that is acquired by the taxpayer in the year; and dual-use electricity and heat equipment means equipment that is part of a clean hydrogen project (excluding electricity generation equipment that supports the project indirectly by way of an electrical utility grid), that supports the production of hydrogen from eligible hydrocarbons and that (a) generates electrical energy, heat energy or a combination of electrical and heat energy, and more than 50% of either the electrical energy or heat energy that is expected to be produced over the first 20 years of the project’s operations, based on the most recent clean hydrogen project plan, is expected to support (i) a qualified CCUS project, unless the equipment uses fossil fuels and emits carbon dioxide that is not subject to capture by a CCUS process, or (ii) a qualified clean hydrogen project, unless the equipment uses fossil fuels and emits carbon dioxide that is not subject to capture by a CCUS process; or (b) is equipment that directly transmits electrical energy from equipment described in paragraph (a) to a qualified clean hydrogen project and more than 50% of the electrical energy to be transmitted by the equipment over the first 20 years of the project’s operations, based on the most recent clean hydrogen project plan, is expected to support the qualified CCUS project or qualified clean hydrogen project. (matériel pour électricité et chaleur à double usage) dual-use hydrogen and ammonia equipment means equipment that is part of a clean hydrogen project and that is used for the generation of oxygen or nitrogen to be used all or substantially all in hydrogen and ammonia production for the project. (matériel pour hydrogène et ammonia à double usage) eligible clean hydrogen property means property, other than excluded property, that (a) is acquired by a qualifying taxpayer and becomes available for use in respect of a qualified clean hydrogen project of the taxpayer in Canada on or after March 28, 2023, determined without reference to subsection (5); (b) has not been used, or acquired for use or lease, by any person or partnership for any purpose whatever before it was acquired by the taxpayer; and (c) is property situated in Canada (i) that is used all or substantially all to produce hydrogen through electrolysis of water, including electrolyzers, rectifiers, purification equipment, water treatment and conditioning equipment and equipment used for hydrogen compression and storage, (ii) that is used all or substantially all to produce hydrogen from eligible hydrocarbons, including pre-reformers, auto-thermal reformers, steam reformers, pre-heating equipment, syngas coolers, shift reactors, purification equipment, heaters, water treatment and conditioning equipment, equipment used in hydrogen compression and storage of hydrogen, oxygen production equipment and methanators, (iii) that is (A) clean ammonia equipment, (B) dual-use electricity and heat equipment, (C) dual-use hydrogen and ammonia equipment, or (D) project support equipment, (iv) that is physically and functionally integrated with equipment described in any of subparagraphs (i) to (iii) and that is ancillary equipment used solely to support the functioning of equipment described in any of subparagraphs (i) to (iii) within a hydrogen or ammonia production process as part of (C) a fuel supply system, (D) a liquid delivery and distribution system, (F) a process material storage and handling and distribution system, (G) a process venting system, (H) a process waste management system, or (v) that is equipment used for system safety and integrity, or as part of a control or monitoring system, solely to support equipment described in any of subparagraphs (i) to (iv), or eligible electricity generation source means, at any time, an electricity generation source that is (e) geothermal or tidal, if, at that time, (i) a technology-specific input carbon intensity for the generation source is available in the Fuel LCA Model, and (ii) guidance in respect of the generation source is included in the Clean Hydrogen Investment Tax Credit — Carbon Intensity Modelling Guidance Document published by the Government of Canada. (source admissible de production d’électricité) eligible hydrocarbon means, at any time, (b) a substance sourced all or substantially all from raw natural gas; (i) a by-product of processing at least one of the substances referred to in paragraphs (a) or (b), and (ii) referred to in the document entitled Clean Hydrogen Investment Tax Credit — Carbon Intensity Modelling Guidance Document published by the Government of Canada. (eligible hydrocarbon) (i) a by-product from processing one or more substances described in paragraph (a) or (b), and (ii) included in the Clean Hydrogen Investment Tax Credit – Carbon Intensity Modelling Guidance Document published by the Government of Canada at that time. (hydrocarbure admissible) eligible pathway means the production of hydrogen (b) from the reforming or partial oxidation of eligible hydrocarbons, with carbon dioxide captured using a CCUS process. (méthode admissible) eligible power purchase agreement means an agreement or other arrangement in writing that (a) allows, or will allow, a taxpayer to purchase electricity from an eligible electricity generation source (including incremental nameplate capacity) that (i) first commenced electricity generation on or after both (A) November 3, 2022, and (B) the earlier of the day that is (I) 24 months before the taxpayer’s first clean hydrogen project plan is filed with the Minister of Natural Resources, and (II) 36 months before the day on which hydrogen is first produced by the relevant clean hydrogen project of the taxpayer, and (ii) is located in (A) the same province as the clean hydrogen project and is connected to the electricity grid of that province, (B) the exclusive economic zone of Canada and is directly connected to the grid of the province in which the project is located, or (C) another province that has a provincial grid that is directly connected to the grid of the province in which the project is located, if the taxpayer has arranged for the necessary interprovincial transmission; (b) grants, or will grant, the taxpayer the sole and exclusive right to the environmental attributes associated with the electricity; and eligible renewable hydrocarbon, in respect of a taxpayer, means a substance (a) that is produced from non-fossil carbon; (b) in respect of which a CFR carbon intensity can be determined under the Clean Fuel Regulations; (c) that is included in the Clean Hydrogen Investment Tax Credit – Carbon Intensity Modelling Guidance Document published by the Government of Canada at the time that the taxpayer files its most recent clean hydrogen project plan with the Minister of Natural Resources; (d) that is sourced from a facility that first commenced production of the substance on or after both (i) November 3, 2022, and (ii) the earlier of the day that is (A) 24 months before the taxpayer’s first clean hydrogen project plan is filed with the Minister of Natural Resources, and (B) 36 months before the day on which hydrogen is first produced by the relevant clean hydrogen project of the taxpayer; (e) that, if acquired by the taxpayer under an agreement, the agreement grants, or will grant, the taxpayer the sole and exclusive right to the environmental attributes associated with the substance; and (f) that is acquired or produced by the taxpayer for the sole purpose of operating the clean hydrogen project during all or any portion of the first 20 years of the project’s operations. (hydrocarbure renouvelable admissible) excluded property means property that is (a) included in Class 57 or 58 of Schedule II to the Income Tax Regulations; (b) equipment used for the off-site transmission, transportation or distribution of hydrogen or ammonia; (c) equipment used to prepare hydrogen for transport, including liquefaction equipment and equipment used to compress hydrogen to levels suitable for transportation; (e) a building or other structure; (f) construction equipment, furniture or office equipment; or expected carbon intensity means the carbon intensity of hydrogen that is expected to be produced by a particular clean hydrogen project of a taxpayer, as documented in the taxpayer’s clean hydrogen project plan in respect of the project. (intensité carbonique attendue) first day of the compliance period means, in respect of a clean hydrogen project of a taxpayer, (a) unless paragraph (b) or (c) applies, the particular day that is 120 days after the day on which hydrogen is first produced by the project; (b) if the taxpayer files an election in prescribed form and manner with the Minister with its return of income for the taxation year that includes the particular day referred to in paragraph (a), the day that is one year after the particular day; or (c) if the taxpayer has filed an election under paragraph (b) and files a second election in prescribed form and manner with the Minister with its return of income for the taxation year that includes the day referred to in paragraph (b), the day that is two years after the particular day referred to in paragraph (a). (premier jour de la période de conformité) Fuel LCA Model means the Government of Canada’s Fuel Life Cycle Assessment Model that is published by the Minister of the Environment. (modèle ACV des combustibles) government assistance has the same meaning as in subsection 127(9). (aide gouvernementale) ineligible use has the same meaning as in subsection 127.44(1). (utilisation non admissible) input carbon intensity in relation to a fuel, energy source or material input, means the quantity in kilograms of carbon dioxide equivalent per unit of fuel, energy source or material input that is released over the life non-government assistance has the same meaning as in subsection 127(9). (aide non gouvernementale) non-hydrogen or ammonia use means a use of a particular property at a particular time that would, if the property were acquired at that time, result in the property ceasing to be an eligible clean hydrogen property, determined without reference to paragraph (b) of that definition. (utilisation autre que pour l’hydrogène ou l’ammoniac) operating year means each cumulative 365-day period, the first of which begins on the first day of the compliance period of a taxpayer’s clean hydrogen project, disregarding any period during which the project is not operating. (année d’exploitation) preliminary clean hydrogen work activity means an activity that is preliminary to the acquisition, construction, fabrication or installation by or on behalf of a taxpayer of an eligible clean hydrogen property in respect of the taxpayer’s clean hydrogen project including, but not limited to, a preliminary activity that involves (b) performing front-end design or engineering work, including front-end engineering design studies (or equivalent studies as determined by the Minister of Natural Resources) but excluding detailed design or engineering work in relation to eligible clean hydrogen property; (c) conducting feasibility studies or pre-feasibility studies (or equivalent studies as determined by the Minister of Natural Resources); project support equipment means equipment that directly supports a qualified clean hydrogen project by (a) transmitting electrical energy from on-site electrical generation equipment directly to the project; qualified CCUS project has the same meaning as in subsection 127.44(1). (projet de CSC admissible) qualified clean hydrogen project means a clean hydrogen project of a taxpayer, as described in the taxpayer’s clean hydrogen project plan, where the Minister of Natural Resources has confirmed in writing that (a) the hydrogen will be produced from an eligible pathway; (b) the expected carbon intensity contained in the taxpayer’s most recent clean hydrogen project plan (i) is determined in accordance with subsection (6), and (ii) can reasonably be expected to be achieved based on the project design; and (c) if the project is intended to produce clean ammonia, the taxpayer has demonstrated (i) that the project can reasonably be expected to have sufficient hydrogen production capacity to satisfy the needs of the taxpayer’s ammonia production facility, and (ii) if the taxpayer’s hydrogen production facility and its ammonia production facility are not co-located, the feasibility of transporting hydrogen between the facilities. (projet admissible pour l’hydrogène propre) qualified validation firm means, in respect of a clean hydrogen project of a taxpayer, an engineer or engineering firm that (a) is registered and in good standing with a professional association that has the authority or recognition by law of a jurisdiction in Canada to regulate the profession of engineering in (i) the jurisdiction where the project is located, or (ii) if there is no professional association in the jurisdiction described in subparagraph (i), a jurisdiction in Canada where a professional association regulates the profession of engineering; (b) has appropriate insurance coverage; (c) has expertise in modelling using the Fuel LCA Model and engineering expertise in production processes for hydrogen and, if applicable, ammonia; (d) at all times, is independent of, deals at arm’s length with and is not an employee of the taxpayer; and (e) meets the requirements described in guidelines published by the Minister of Natural Resources, including the Clean Hydrogen Investment Tax Credit – Validation and Verification Guidance Document. qualified verification firm means, in respect of a clean hydrogen project of a taxpayer, an individual or firm that (a) is either (i) an engineer or an engineering firm that is registered and in good standing with a professional association that has the authority or recognition by law of a jurisdiction in Canada to regulate the profession of engineering in (A) the jurisdiction where the project is located, or (B) if there is no professional association in the jurisdiction described in clause (A), a jurisdiction in Canada where a professional association regulates the profession of engineering, or (ii) a verification body accredited and in good standing under the Clean Fuel Regulations; (b) has appropriate insurance coverage; (c) has expertise in life-cycle analysis of greenhouse gas emissions; (d) at all times, is independent of, deals at arm’s length with and is not an employee of the taxpayer; (e) is not a qualified validation firm in respect of the project; and (f) meets the requirements described in guidelines published by the Minister of Natural Resources, including the Clean Hydrogen Investment Tax Credit – Validation and Verification Guidance Document. qualifying taxpayer means a taxable Canadian corporation. (c) nitrous oxide; (e) any other greenhouse gases listed in the Fuel LCA Model and included in the Clean Hydrogen Investment Tax Credit – Carbon Intensity Modelling Guidance Document published by the Government of Canada at the time that a taxpayer files its most recent clean hydrogen project plan with the Minister of Natural Resources. (gaz à effet de serre déterminé) (a) in respect of the capital cost of an eligible clean hydrogen property (other than equipment described in paragraph (b)) that is acquired by a qualifying taxpayer for use in a clean hydrogen project, (i) if the expected carbon intensity of the hydrogen to be produced by the project is less than 0.75 and the property is acquired (B) in 2034, 20%, and (C) after 2034, 0%, (ii) if the expected carbon intensity of the hydrogen to be produced by the project is 0.75 or greater and less than two and the property is acquired (B) in 2034, 12.5%, and (C) after 2034, 0%, (iii) if the expected carbon intensity of the hydrogen to be produced by the project is two or greater and less than four and the property is acquired (B) in 2034, 7.5%, and (C) after 2034, 0%, and (iv) if the expected carbon intensity of the hydrogen to be produced by the project is four or greater, 0%; and (b) in respect of the capital cost of eligible clean hydrogen property that is clean ammonia equipment or equipment described in any of subparagraphs (c)(iv) to (vi) of the definition eligible clean hydrogen property in this subsection that is used solely in connection with clean ammonia equipment acquired by a qualifying taxpayer for use in a clean hydrogen project, (i) subject to subparagraph (ii), if the equipment is acquired (B) in 2034, 7.5%, and (C) after 2034, 0%, (ii) if the expected carbon intensity of the hydrogen to be produced by the project and used in the production of ammonia is four or greater, 0%. (pourcentage déterminé) Clean hydrogen tax credit
Special cases (b) to permit a designation filed under subsection 66(14.1) or 66(14.2) to be amended, (d) the corporation filing it pays to the Receiver General at the time of filing the penalty in respect of it,
If a qualifying taxpayer files with its return of income for a taxation year a prescribed form containing prescribed information, the taxpayer is deemed to have paid on its balance-due day for the year an amount on account of the taxpayer’s tax payable under this Part for the year equal to the taxpayer’s clean hydrogen tax credit for the year. Deemed deduction
where A is Impôt sur le revenu
For the purposes of this section, paragraph 12(1)(t), subsection 13(7.1), variable I of the definition unpredicted capital cost in subsection 13(21), subsection 53(2) and sections 127.44, 127.45, 127.49 and 129, the amount deemed under subsection (2) to have been paid by a taxpayer for a taxation year is deemed to have been deducted from the taxpayer’s tax otherwise payable under this Part for the year. Time limit for application
A payment on account of tax payable shall not be deemed to be paid under subsection (2) if the taxpayer does not file with the Minister the prescribed form containing prescribed information described in subsection (2) in respect of the amount on or before the later of December 31, 2025 and the day that is one year after the taxpayer’s filing-due date for the year and, if the prescribed form is filed after the taxpayer’s filing-due date for the year, no payment by the taxpayer is deemed to arise under that subsection until the prescribed form containing prescribed information has been filed with the Minister. Time of acquisition
For the purpose of this section, eligible clean hydrogen property is deemed not to have been acquired before the property becomes available for use by the taxpayer, determined without reference to paragraphs 13(27)(c) and (28)(d). Calculation of carbon intensity
For the purposes of calculating the carbon intensity of hydrogen produced and to be produced by a clean hydrogen project of a taxpayer, (a) the most recent Fuel LCA Model at the time of filing by the taxpayer of the most recent related clean hydrogen project plan with the Minister of Natural Resources shall be used, unless, at the time of filing any compliance report under subsection (16), the taxpayer elects to use a subsequent version of the Fuel LCA Model in calculating the actual carbon intensity of the project; (b) in applying the Fuel LCA Model, an assessment of emissions from the production of hydrogen by the project and upstream emissions from the production of inputs to the hydrogen-production process shall be taken into account; (c) the quantity of hydrogen produced by the project is to be adjusted to take into account any hydrogen that is consumed in the production process; (d) if the taxpayer produces hydrogen from eligible hydrocarbons, any captured carbon that is subject to an ineligible use is deemed not to be captured; (e) if, in connection with the project, the taxpayer generates or purchases, or proposes to generate or purchase, electricity that is (i) generated, or to be generated, by the taxpayer from (A) an eligible electricity generation source, the contribution of the electricity to carbon intensity is to correspond with the input carbon intensity of the technology-specific electricity in the Fuel LCA Model, (B) on-site generation equipment that converts hydrogen, heat recovered from the taxpayer’s hydrogen or ammonia production equipment or eligible hydrocarbons (with carbon dioxide captured using a CCUS process) into electricity that supports the production of hydrogen from eligible hydrocarbons, the contribution of the electricity to carbon intensity is to be modelled as part of the project, (C) a generator used for startup or emergency backup operations, the contribution of the electricity to carbon intensity is to be modelled as part of the project, and (D) a generation source other than as described in any of clauses (A) to (C), the carbon intensity of the project is deemed to be greater than 4.5, (ii) purchased, or to be purchased, pursuant to an eligible power purchase agreement, (A) the contribution of the electricity to carbon intensity is to correspond with the input carbon intensity of the technology-specific electricity in the Fuel LCA Model, and (B) the contribution of the electricity to expected carbon intensity is to be calculated in proportion to the number of years for which the agreement will be in place during the first 20 years of the project’s operations, and (iii) otherwise sourced, or to be sourced, from a provincial grid, the contribution to carbon intensity of the net positive quantity of the electricity (after subtracting any electricity purchased by the taxpayer under an eligible power purchase agreement or generated by the taxpayer in respect of the project that is, in either case, transmitted to the grid by the taxpayer) is to be based on the input carbon intensity of the provincial grid in the Fuel LCA Model; (f) in calculating the quantity of electricity described in paragraph (e), if the sum of the quantities of electricity from sources described in subparagraphs (e)(i) and (ii) exceeds the total electricity consumed or to be consumed by the project, then the electricity consumed or to be consumed by the project is deemed to be generated (i) first, from the source described in subparagraph (e)(i), and (ii) second, from the source described in subparagraph (e)(ii) to the extent of any excess; (i) where the eligible hydrocarbon is an eligible renewable hydrocarbon in respect of the taxpayer, (A) the contribution of that eligible renewable hydrocarbon to carbon intensity is to be based on the most recent CFR carbon intensity that is determined under the Clean Fuel Regulations, adjusted as necessary, and (B) the contribution of that eligible renewable hydrocarbon to expected carbon intensity is to be calculated in proportion to the number of years for which that hydrocarbon will be used during the first 20 years of the project’s operation, and (ii) in any other case, the input carbon intensity of the relevant eligible hydrocarbon is to be taken into account in applying the Fuel LCA Model; (h) if the taxpayer disposes of any environmental attributes associated with any electricity described in subparagraph (e)(i) or (ii) or any eligible renewable hydrocarbon described in subparagraph (g)(i), the carbon intensity of the project is deemed to be greater than 4.5; and (i) the Clean Hydrogen Investment Tax Credit – Carbon Intensity Modelling Guidance Document published by the Government of Canada at the time of filing by the taxpayer of the most recent related clean hydrogen project plan with the Minister of Natural Resources, is to apply conclusively with respect to the calculation of carbon intensity, except as otherwise provided in this section.
d’imposition si aucun avoir minier canadien n’avait fait l’objet d’une disposition par la société au cours de l’année. Cas particuliers (14.4) Le ministre, s’il est d’avis, dans une situation particulière, qu’il serait juste et équitable d’autoriser : a) soit la présentation de la désignation prévue au paragraphe (14.1) ou (14.2) après la date où, au plus tard, l’un ou l’autre de ces paragraphes prévoit qu’elle doit être faite; b) soit la modification d’une désignation présentée en vertu des paragraphes (14.1) ou (14.2), peut autoriser la présentation ou la modification après cette date; la désignation ou la modification présentée conformément à cette autorisation est alors réputée présentée au plus tard le jour où elle devait l’être si les conditions suivantes sont réunies : c) elle est présentée au ministre sur le formulaire prescrit; d) la société qui la présente paye au receveur général, au moment de cette présentation, la pénalité correspondante. Lorsqu’une désignation est modifiée en vertu du présent paragraphe, la désignation antérieure est réputée ne jamais avoir eu effet. Pénalité en cas de désignation en retard ou modifiée (14.5) Pour l’application du présent article, la pénalité en cas de désignation en retard ou de désignation modifiée, visées respectivement aux alinéas (14.4)a) et b), correspond au moindre des montants suivants : a) le montant calculé selon la formule suivante : 0,0025 × A × B où : A représente : (i) en cas de désignation présentée en retard, le montant désigné, (ii) en cas de désignation modifiée, la différence éventuelle entre le montant désigné dans la désignation à modifier et celui qui est désigné dans la désignation modifiée; B le nombre de mois compris en totalité ou en partie dans la période commençant au plus tard le jour où la désignation doit être présentée en vertu du paragraphe (14.1) ou (14.2) et se terminant le jour Definitions
Subsection (8) applies in respect of a qualified clean hydrogen project of a taxpayer if, before the first day of the compliance period of the project, (a) the Minister of Natural Resources determines that there has been a material change to the project design and requests that the taxpayer file a revised project plan for the project; (b) the taxpayer (i) does not file the final detailed engineering designs with the Minister of Natural Resources in accordance with paragraph (9)(d), (iii) reasonably expects that there will be an increase (as compared to the most recent project plan for the project) of more than 0.5 kilograms of carbon dioxide equivalent per kilogram of hydrogen to be produced by the project; (c) any eligible power purchase agreement referenced in the most recent clean hydrogen project plan of the taxpayer (i) has not been finalized and executed so as to become legally binding, or (ii) has been materially modified or terminated; or (d) any environmental attributes associated with the agreement have been disposed of by the taxpayer. (a) the taxpayer shall file, within 180 days, a revised clean hydrogen project plan in respect of the project with the Minister of Natural Resources, in the form and manner determined by the Minister of Natural Resources; (b) if the Minister of Natural Resources is satisfied that the project will meet the requirements in paragraphs (a) to (c) of the definition qualified clean hydrogen project, (i) the Minister of Natural Resources shall confirm, with all due dispatch, the revised plan, (ii) the taxpayer's clean hydrogen tax credit shall be redetermined, as of the date of the filing of the revised plan, based on the expected carbon intensity set out in the revised plan, and (iii) if the taxpayer previously deducted an amount in respect of a clean hydrogen tax credit, subsection (18) applies as if the compliance period ended on that date and the average actual carbon intensity of the project was equal to the expected carbon intensity set out in the revised plan; (c) if the Minister of Natural Resources is not satisfied in accordance with paragraph (b) and does not issue a confirmation described in subparagraph (b)(i) within one year after the filing of the taxpayer’s revised plan, then, as of the expiry of that period, (i) the project is deemed not to be a qualified clean hydrogen project, (ii) the average actual carbon intensity of the project is deemed to be greater than 4.5, and (iii) subsection (18) applies as if the compliance period of the project ended on the expiry date of that period; and (d) if the taxpayer fails to file a revised clean hydrogen project plan in accordance with paragraph (a), then, as of the expiry of the 180-day period described in paragraph (a), (A) the project is deemed not to be a qualified clean hydrogen project, (B) the average actual carbon intensity of the project is deemed to be greater than 4.5, and (C) subsection (18) applies as if the compliance period of the project ended on the expiry date of that period, and (ii) once the taxpayer has filed the revised clean hydrogen project plan, subparagraph (i) is deemed never to have applied. Clean hydrogen project determination and rules
In this section, minus où la désignation en retard ou la désignation modifiée, selon le cas, est présentée; b) un montant, n’excédant pas 8 000 $, égal au produit de 100 $ et du nombre de mois compris en totalité ou en partie dans la période visée à l’élément B figurant à l’alinéa a). Déduction des revenus miniers et pétroliers (14.6) Dans le calcul de son revenu en vertu de la présente partie pour une année d’imposition, un contribuable peut déduire le total de ses revenus miniers et pétroliers, au sens du paragraphe 209(1), pour cette année. Définitions
For the purposes of this section, (a) the Minister may, in consultation with the Minister of Natural Resources, determine that one or more clean hydrogen projects is one project or multiple projects (i) at any time before the Minister of Natural Resources confirms the expected carbon intensity of the hydrogen to be produced by a clean hydrogen project, or (ii) if a taxpayer files or is required to file a revised clean hydrogen project plan in accordance with subsection (8), at any time before the Minister of Natural Resources confirms the revised plan; (b) any determination under paragraph (a) is deemed to result in the clean hydrogen project or clean hydrogen projects, as the case may be, being one project or multiple projects, as the case may be; (c) for each project determined under paragraph (a), a taxpayer shall file a separate clean hydrogen project plan with the Minister of Natural Resources (in the form and manner determined by the Minister of Natural Resources) on or before the day that is 180 days after the determination is made; (d) in respect of each clean hydrogen project, the taxpayer shall file final detailed engineering designs with the Minister of Natural Resources by the earlier of the day on which hydrogen is first produced by the project and the day that is 60 days after the final detailed engineering designs are prepared; and (e) the Minister of Natural Resources may request from the taxpayer all documentation and information necessary for the Minister of Natural Resources to fulfill a responsibility under this section and may refuse to confirm the taxpayer’s clean hydrogen project plan or revised clean hydrogen project plan if such documentation or information is not provided by the taxpayer on or before the day that is 180 days after it was requested. Capital cost of clean hydrogen property
Les définitions qui suivent s’appliquent au présent article. action accréditive Action du capital-actions d’une société exploitant une entreprise principale, à l’exclusion d’une action visée par règlement, et, sous réserve du règlement, action du capital-actions d’une telle société, à l’exclusion d’un droit visé par règlement, émise à une personne conformément à une convention conclue entre cette personne et la société et par laquelle la société s’oblige, pour une contrepartie qui ne comprend pas un bien, que la personne doit échanger ou transférer aux termes de la convention dans les circonstances où les articles 85, 85.1, 86 ou 87 s’appliquent : a) d’une part, à engager, au cours de la période commençant à la date de conclusion de la convention et se terminant 24 mois de plus le mois qui comprend cette date, des frais d’exploration au Canada ou des frais d’aménagement au Canada pour un montant total au moins égal au paiement prévu pour l’action ou le droit; b) d’autre part, à renoncer en ce qui concerne l’action ou le droit en faveur de cette personne, avant mais de la première année civile commençant après cette période, sur le formulaire prescrit, à un montant au titre des frais ainsi engagés qui ne dépasse pas le paiement reçu par la société pour l’action ou le droit. (flow-through share) avis d’émission Lorsqu’il s’agit d’actions accréditives, s’entend d’un prospectus, d’une déclaration d’enregistrement, d’une notice d’offre, d’une offre de souscription ou d’un document analogue donnant des éléments d’un titre (notamment le prix et le nombre des actions), par lequel une société propose d’émettre des actions accréditives. (selling instrument) Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this section, the capital cost of eligible clean hydrogen property to a taxpayer shall (a) not include any amount in respect of a capital property (i) for which an amount was previously deducted under this section by any person, (ii) in respect of which a CCUS tax credit (as defined in subsection 127.44(1)), a clean technology investment tax credit (as defined in subsection 127.45(1)) or a CTM investment tax credit (as defined in subsection 127.49(1)) was deducted by any person, or (iii) that has, by virtue of section 21, been added to the cost of a property; (c) be reduced by the total of all amounts, each of which can reasonably be considered to be in respect of the property and is (i) an amount of any government assistance or non-government assistance received by the taxpayer in or before the taxation year in which the property was acquired, or (ii) an amount not described in subparagraph (i) that, in the taxation year, the taxpayer is entitled to receive and that would be government assistance or non-government assistance if it were received by the taxpayer; (i) the reference in subsection 127(11.6) to subsection 127(11.5) is to be read as a reference to section 127.48, (ii) the reference in subsection 127(11.6) to subsection 127(26) is to be read as a reference to subsection 127.48(13), and (iii) the term “qualified expenditure” is to be read as an expenditure eligible to be added to the capital cost of an eligible clean hydrogen property; (e) not include any amount in respect of an expenditure incurred for a preliminary clean hydrogen work activity; (f) if the property is dual-use electricity and heat equipment, project support equipment or equipment described in any of subparagraphs (c)(iv) to (vi) of the definition eligible clean hydrogen property in subsection (1), excluding equipment used all or substantially all to support a qualified clean hydrogen project, be equal to the proportion of the capital cost of the equipment that (i) if the equipment is described in paragraph (a) of the definition dual-use electricity and heat equipment in subsection (1), the quantity of energy expected to be produced for use in the project over the first 20 years of the project’s operations is of the total quantity of energy expected to be produced by the equipment in that period (determined without regard to energy produced and consumed by the equipment in the process of producing energy), based on the project’s most recent clean hydrogen project plan, (ii) if the equipment is described in paragraph (b) of the definition dual-use electricity and heat equipment in subsection (1) or paragraph (a) of the definition project support equipment in subsection (1), the quantity of electrical energy expected to be transmitted by the equipment for use in the project over the first 20 years of the project’s operations is of the total quantity of electrical energy expected to be transmitted by the equipment in that period (determined without regard to electrical energy consumed by the equipment in the process of transmission), based on the project’s most recent clean hydrogen project plan, (iii) if the equipment is described in paragraph (b) of the definition project support equipment in subsection (1), the quantity of electrical or heat energy expected to be distributed by the equipment (or if it is equipment that expands the capacity of existing equipment, the electrical or heat energy expected to be distributed by the existing and new equipment) for use in the project over the first 20 years of the project’s operations is of the total quantity of electrical or heat energy expected to be distributed by the equipment (or the existing and new equipment) in that period (determined without regard to energy consumed by the equipment in the process of distribution), based on the project’s most recent clean hydrogen project plan, (iv) if the equipment is described in paragraph (c) of the definition project support equipment in subsection (1), the mass of water expected to be supplied to the project over the first 20 years of the project’s operations is of the total mass of water expected to be processed by the equipment in that period, based on the project’s most recent clean hydrogen project plan, and (v) if the equipment is described in any of subparagraphs (c)(iv) to (c)(vi) of the definition eligible clean hydrogen property in subsection (1) and supports equipment described in any of subparagraphs (i) to (iv), is determined under that subparagraph; and (g) after applying paragraph (f), if the property is dual-use hydrogen and ammonia equipment, dual-use electricity and heat equipment, project support equipment or equipment described in any of subparagraphs (c)(iv) to (vi) of the definition eligible clean hydrogen property in subsection (1) and that property is used in the production of hydrogen and ammonia, be allocated between two separate capital cost amounts, with each amount determined based on the percentage of the expected use of the equipment that is attributable to hydrogen production and ammonia production, and (i) the capital cost amount that is attributable to hydrogen production is deemed to be in respect of property described in paragraph (a) of the definition specified percentage in subsection (1) and (ii) the capital cost amount that is attributable to ammonia production is deemed to be in respect of property described in paragraph (b) of the definition specified percentage in subsection (1).
Impôt sur le revenu
Where a taxpayer has, in a particular taxation year, repaid (or has not received and can no longer reasonably be expected to receive) an amount of government assistance or non-government assistance that was applied to reduce the capital cost of an eligible clean hydrogen property under paragraph (10)(c) for a preceding taxation year, the amount repaid (or no longer expected to be received) is to be added to the cost to the taxpayer of a property acquired in the particular year for the purpose of determining the taxpayer’s clean hydrogen tax credit for the year. Partnerships
Subject to section 127.47, where, in a particular taxation year of a qualifying taxpayer who is a member of a partnership, an amount would be determined under subsection (2) in respect of the partnership, for its taxation year that ends in the particular year, if the partnership were a taxable Canadian corporation and its fiscal period were its taxation year, the portion of that amount that can reasonably be considered to be the taxpayer’s share thereof shall be added in computing the clean hydrogen tax credit of the taxpayer at the end of the particular year. Unpaid amounts
For the purposes of this section, where any part of the capital cost of a taxpayer’s eligible clean hydrogen property is unpaid on the day that is 180 days after the end of the taxation year in which a deduction in respect of a clean hydrogen tax credit would otherwise be available in respect of the property, such amount is to be (a) excluded from the capital cost of the property in the year; and (b) added to the capital cost of the property at the time it is paid.
Subsection (2) does not apply if an eligible clean hydrogen property — or an interest in a person or partnership that has, directly or indirectly, an interest in, or for civil law, a right in, such property — is a tax shelter investment for the purpose of section 143.2. Annual information reporting requirement
avoir minier canadien Relativement à un contribuable, bien de celui-ci qui est : a) un droit, permis ou privilège afférent aux travaux d’exploration, de forage ou d’extraction relatifs au pétrole, au gaz naturel ou à des hydrocarbures connexes au Canada; b) un droit, permis ou privilège afférent : (i) soit au stockage souterrain de pétrole, de gaz naturel ou d’hydrocarbures connexes au Canada, (ii) soit aux travaux de prospection, d’exploration, de forage ou d’extraction de minéraux d’une ressource minérale située au Canada, à l’exception d’un gisement de sables bitumineux ou de schiste bitumineux; c) un puits de pétrole ou de gaz, ou un immeuble bien réel, situé au Canada (sauf un bien amortissable) dont la valeur principale dépend de sa teneur en pétrole, en gaz naturel ou en hydrocarbures connexes; d) un droit à un loyer ou à une redevance calculée en fonction du volume ou de la valeur de la production d’une ressource minérale située au Canada, sauf un gisement de sables bitumineux ou de schiste bitumineux, si le payeur du loyer ou de la redevance a un intérêt, pour l’application du droit civil, au droit sur la ressource et si au moins 90 % du loyer ou de la redevance est payable sur la production provenant du puits ou du gisement ou sur le produit tiré de cette production; f) un immeuble ou bien réel situé au Canada (sauf un bien amortissable) dont la valeur principale dépend de sa teneur en matières minérales, sauf dans le cas où la matière minérale est un gisement de sables bitumineux ou de schiste bitumineux; g) un droit ou un intérêt sur un bien visé à l’un des alinéas a) à e), pour l’application du droit civil, ou droit relatif à un bien, à l’exception d’un droit ou d’un intérêt que le contribuable détient en tant que bénéficiaire d’une fiducie ou associé d’une société de personnes; (b) any right, licence or privilege to avoir minier étranger Relativement à un contribuable, tout bien qui serait un avoir minier canadien du contribuable si, à la définition de avoir minier canadien au présent paragraphe, les mentions « au Canada » étaient remplacées par les mentions « à l’étranger ». (foreign resource property) dépenses S’agissant de dépenses engagées ou effectuées par un contribuable avant un moment donné : a) sont comprises parmi ces dépenses les sommes désignées par lui à ce moment en vertu de l’alinéa 98(3)d) ou 98(5)d) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts revisés du Canada de 1952, à ce titre et à ce moment à l’égard de ce bien qui est un avoir minier étranger; b) il est entendu que la présente définition exclut un montant payé ou engagé : (i) soit en contrepartie de services à rendre après ce moment, (ii) soit au titre ou en paiement intégral ou partiel de loyers visant une période postérieure à ce moment. (outlay) frais d’exploration et d’aménagement à l’étranger Relativement à un contribuable : a) tous frais d’exploration ou de forage, y compris tous frais généraux d’étude géologique ou géophysique qu’il a engagés après 1971 pour l’exploration ou le forage faits en vue de la découverte de pétrole ou de gaz naturel à l’étranger; b) tous frais qu’il a engagés en vue de déterminer l’existence, la localisation, l’étendue ou la qualité d’une ressource minérale à l’étranger, y compris : (i) les frais de prospection, (ii) les frais d’étude géologique, géophysique ou géochimique, (iii) les frais de forage au moyen d’un appareil rotatif ou à diamant, par battage ou d’autres méthodes, Income Tax PART I Income Tax DIVISION B Computation of Income
If a clean hydrogen tax credit was deducted in any taxation year by a taxpayer in respect of a qualified clean hydrogen project, the taxpayer shall file, with its return of income for each taxation year that begins during the compliance period in respect of the project, a prescribed form containing prescribed information in respect of the operations of the project. Compliance — annual carbon intensity reporting
(c) drilling or converting a well for the injection of water or gas to assist in the recovery of petroleum or natural gas from another well; (frais d’exploration ou de forage) but (ii) as, on account or in lieu of payment of, or in satisfaction of, rent in respect of a period after that time; (dépenses) (iv) les frais de creusage de tranchées, de creusage de trous d’exploration et d’échantillonnage préliminaire; c) le coût, pour lui, de tout avoir minier étranger qu’il a acquis; d) sous réserve de l’article 66.8, sa part des frais d’exploration et d’aménagement à l’étranger qu’une société de personnes a engagés après 1971 cours d’un de ses exercices, s’il en était un associé à la fin de cet exercice; e) tout versement annuel fait par lui pour préserver un avoir minier étranger. NE SONT PAS des frais d’exploration et d’aménagement à l’étranger : f) un montant inclus dans le coût en capital, pour le contribuable, d’un bien amortissable d’une catégorie prescrite; g) une dépense engagée après l’entrée en production d’un avoir minier étranger et dont le contribuable en vue d’évaluer la valeur présente d’une méthode de récupération de pétrole, de gaz naturel ou d’hydrocarbures connexes de la partie d’un réservoir naturel à laquelle l’avoir se rapporte; h) une dépense (sauf une dépense de forage) engagée après l’entrée en production d’un avoir minier étranger du contribuable en vue de faciliter la récupération de pétrole, de gaz naturel ou d’hydrocarbures connexes de la partie d’un réservoir naturel à laquelle l’avoir se rapporte; i) une dépense engagée relativement à l’injection d’une substance en vue de faciliter la récupération de pétrole, de gaz naturel ou d’hydrocarbures connexes d’un réservoir naturel; j) une dépense qui représente le coût ou une partie du coût, pour le contribuable, d’un bien amortissable d’une catégorie prescrite et qui a été acquis après le 21 décembre 2000; k) les frais relatifs à des ressources à l’étranger se rapportant à un pays; l) une dépense effectuée par le contribuable après le 27 février 2000, sauf si elle a été faite, selon le cas : (i) conformément à une convention écrite conclue par le contribuable avant le 28 février 2000, (i) prospecting, (ii) carrying out geological, geophysical or geochemical surveys, (ii) en vue de l’acquisition d’un avoir minier étranger par le contribuable, (iii) en vue : (A) soit d’accroître la valeur d’un avoir minier étranger dont le contribuable était propriétaire au moment où la dépense a été engagée ou dont il pouvait raisonnablement s’attendre à être propriétaire après ce moment, (B) soit d’aider à déterminer s’il y a lieu que le contribuable acquière un avoir minier étranger. (foreign exploration and development expenses) frais d’exploration et d’aménagement à l’étranger déterminés S’agissant des frais d’exploration et d’aménagement à l’étranger déterminés d’un contribuable se rapportant à un pays étranger, montant qui est inclus dans ses frais d’exploration et d’aménagement à l’étranger et qui représente : a) des frais d’exploration ou de forage, y compris les frais d’étude géologique, géophysique ou géochimique, engagés en vue de la découverte de pétrole ou de gaz naturel dans le pays; a.1) des frais qu’il a engagés après le 21 décembre 2000 (autrement que conformément à une convention écrite conclue avant le 22 décembre 2000) en vue de déterminer l’existence, la localisation, l’étendue ou la qualité d’une ressource minérale située dans le pays, y compris : (i) les frais de prospection, (ii) les frais d’étude géologique, géophysique ou géochimique, (iii) les frais de forage au moyen d’un appareil rotatif ou à diamant, par battage ou d’autres méthodes, (iv) les frais de creusage de tranchées, de creusage de trous d’exploration et d’échantillonnage préliminaire; b) des frais de prospection, d’exploration ou d’aménagement qu’il a engagés avant le 22 décembre 2000 (ou après le 21 décembre 2000 conformément à une convention écrite conclue avant le 22 décembre 2000) dans la recherche de minéraux dans le pays; c) le coût, pour lui, de ses avoirs miniers étrangers à l’égard du pays; (k) foreign resource expenses in respect of a country, or (frais d’exploration et d’aménagement à l’étranger) d) un versement annuel qu’il fait au cours de son année d’imposition pour préserver un avoir minier étranger à l’égard du pays; e) un montant réputé par les paragraphes 21(2) ou (4) être des frais d’exploration et d’aménagement à l’étranger qu’il a engagés, dans la mesure où il est raisonnable de considérer qu’il se rapporte à un montant qui serait des frais d’exploration et d’aménagement à l’étranger déterminés au pays s’il n’était pas tenu compte du présent alinéa et de l’alinéa f); f) sous réserve de l’article 66.8, sa part des frais d’exploration et d’aménagement à l’étranger déterminés qu’une société de personnes a engagés relativement au pays au cours d’un de ses exercices s’il était un associé de cette société de personnes à la fin de cet exercice. frais d’exploration et d’aménagement au Canada Relativement à un contribuable, les frais suivants, s’ils sont engagés avant le 7 mai 1974: a) tous frais d’exploration ou de forage, y compris les activités générales de nature géologique ou géophysique, touchant directement ou indirectement l’exploration ou le forage entrepris en vue de la découverte de pétrole ou de gaz naturel au Canada; b) tous frais de prospection, d’exploration ou d’aménagement qu’il a engagés après 1971 dans la recherche de minéraux au Canada; c) le coût, pour lui, de tout avoir minier canadien qu’il a acquis après 1971; d) sa part des frais d’exploration et d’aménagement au Canada, engagés après 1971 par tout association, société de personnes ou syndicat au cours d’un exercice de ceux-ci, si à la fin de cet exercice il en était membre ou associé; e) tous frais que le contribuable a engagés après 1971 en conformité avec une convention conclue avec une société et en vertu de laquelle il a engagé ces frais uniquement en contrepartie d’actions du capital-actions de cette société émises en sa faveur par cette dernière ou de toute part ou droits afférents à ces actions, dans la mesure où ces frais ont été engagés au titre de coût: (i) des activités d’exploration ou de forage, y compris toutes activités générales de nature géologique ou géophysique, touchant directement ou indirectement l’exploration ou le forage entrepris en vue de la découverte de pétrole ou de gaz naturel au Canada, (i) des activités de prospection, d’exploration ou d’aménagement afférents à la recherche de minéraux au Canada, (ii) de l’acquisition d’avoirs miniers canadiens; f) tout versement annuel effectué par le contribuable pour préserver un avoir minier canadien; il est toutefois entendu que le terme ne vise pas : g) une contrepartie fournie par le contribuable en vue de l’acquisition de toute action ou tout droit y afférents, sauf comme il est prévu à l’alinéa e); h) des frais visés à l’alinéa e) et engagés par un autre contribuable dans la mesure où ces frais étaient, en vertu de cet alinéa, des frais d’exploration et d’aménagement au Canada et de nature canadienne. (Canadian exploration and development expenses) frais d’exploration ou de forage Sont compris dans ces frais, engagés pour l’exploration ou le forage faits en vue de la découverte de pétrole ou de gaz naturel, tous frais engagés pour : a) le forage ou la conversion d’un puits pour l’évacuation de résidus liquides provenant d’un puits de pétrole ou de gaz naturel; b) le forage fait en vue de la découverte d’eau ou de gaz pour injection dans des formations de pétrole ou de gaz naturel; c) le forage ou la conversion d’un puits pour l’injection d’eau ou de gaz dans le but de faciliter la récupération du pétrole ou du gaz naturel provenant d’un autre puits. (drilling or exploration expense) montant à titre d’aide Tout montant — à l’exclusion d’un montant prescrit — reçu ou à recevoir à un moment donné, d’une personne ou d’un gouvernement, d’une municipalité ou d’une autre administration, sous forme de prime, subvention, remise, prêt à remboursement conditionnel, déduction d’impôt, réduction de redevance ou allocation de placement ou sous toute autre forme d’aide ou d’avantage. (assistance)
If a clean hydrogen tax credit was deducted by a taxpayer in respect of a qualified clean hydrogen project, the taxpayer shall file with the Minister and the Minister of Natural Resources, within 180 days after the end of the each operating year, a compliance report in prescribed form and manner including (a) the actual carbon intensity of the hydrogen produced by the project during the year; (b) the quantity, in kilograms, of hydrogen that is produced by the project during the year; (c) any shutdown time of the project in respect of the year; (d) for the compliance report in respect of the fifth operating year, a report that verifies the actual carbon intensity of the hydrogen produced during each operating year of the compliance period, prepared by a qualified verification firm in respect of the project; and (e) any information required in guidelines published by the Minister of Natural Resources, including the Clean Hydrogen Investment Tax Credit – Validation and Verification Guidance Document. Failure to report
a) le total des montants dont chacun représente un paiement ou un prêt visé à l’alinéa b) de la définition de société actionnaire au présent paragraphe (sauf (a) the production, refining or marketing of petroleum, petroleum products or natural gas, (a.1) exploring or drilling for petroleum or natural gas, (e) the fabrication of metals, (f.1) the production or marketing of calcium chloride, gypsum, kaolin, lithium, sodium chloride or potash, and or a corporation all or substantially all of the assets of which are shares of the capital stock or indebtedness of one or more principal-business corporations that are related to the corporation (otherwise than because of a right referred to in paragraph 251(5)(b)). (société exploitant une entreprise principale) dans la mesure où ce paiement ou ce prêt a été fait par une société actionnaire qui n’était pas une société canadienne et a été utilisé par la société d’exploration en commun pour acquérir un avoir minier canadien après le 11 décembre 1979 auprès d’une société actionnaire qui n’était pas une société canadienne) et fait par la société actionnaire à la société d’exploration en commun pendant la période où elle était une société actionnaire de la société d’exploration en commun, moins : b) la totalité des sommes auxquelles la société d’exploration en commun a antérieurement renoncé en vertu de l’un ou l’autre des paragraphes (10) a (13) en faveur de la société actionnaire. (agreed portion) production S’il s’agit de la production tirée d’un avoir minier canadien ou d’un avoir minier étranger, les produits suivants tirés de cet avoir : a) le pétrole, le gaz naturel et les hydrocarbures connexes; b) le pétrole brut lourd transformé jusqu’à un stade qui ne dépasse pas celui du pétrole brut ou de son équivalent; c) le minerai — à l’exclusion du minerai de fer et des sables asphaltiques — transformé jusqu’à un stade qui ne dépasse pas celui du métal primaire ou de son équivalent; d) le minerai de fer transformé jusqu’à un stade qui ne dépasse pas celui de la boulette ou de son équivalent; e) les sables asphaltiques transformés jusqu’à un stade qui ne dépasse pas celui du pétrole brut ou de son équivalent; sont assimilés à de la production les loyers et les redevances provenant d’un avoir minier canadien ou d’un avoir minier étranger et calculés sur la quantité ou la valeur de la production de pétrole, de gaz naturel ou d’hydrocarbures connexes ou de minerai. (production) propriétaire antérieur Société qui, à la fois : a) a acquis un avoir minier canadien ou un avoir minier étranger dans des circonstances où le paragraphe 29(25) des Règles concernant l’application de l’impôt sur le revenu ou le paragraphe 66.7(1), (2), (2.3), (3), (4) ou (5) s’applique à la société relativement à l’avoir ou s’appliquerait à elle-ci si elle avait continué d’être propriétaire de l’avoir; Income Tax PART I Income Tax DIVISION B Computation of Income
Each taxpayer that fails to file a compliance report for a project as described in subsection (16) is liable to a penalty, for each such failure, in an amount, not exceeding the total of all clean hydrogen tax credits deducted by the taxpayer in respect of the project, equal to the amount determined by the formula A is the total of all amounts, each of which is the amount of a clean hydrogen tax credit in respect of the project deducted by the taxpayer for a taxation year that ended before the applicable date in subsection (16); and B is the number of days during which the failure continues. Recovery — change in carbon intensity
A - B where Impôt sur le revenu
In the taxation year of a taxpayer in which the compliance period of the taxpayer’s qualified clean hydrogen project ends, if the average actual carbon intensity of the hydrogen produced is greater than the most recent expected carbon intensity that was used to determine a clean hydrogen tax credit in respect of the project, there shall be added to the taxpayer’s tax otherwise payable under this Part for the taxation year an amount equal to the total of all amounts, each of which is determined by the formula A is the specified percentage that was applied to the capital cost of the eligible clean hydrogen property forming part of the project in determining a clean hydrogen tax credit of the taxpayer; B is the specified percentage that would have applied to the capital cost of the property if the expected carbon intensity were equal to the average actual carbon intensity of the project; and C is the capital cost of the property on which the clean hydrogen tax credit was deducted.
For the purpose of subsection (18), the Minister of Natural Resources shall review each of the taxpayer’s compliance reports described in subsection (16) and the Minister may, in consultation with the Minister of Natural Resources, make a determination or redetermination of the actual carbon intensity of the hydrogen produced by a taxpayer’s clean hydrogen project for any operating year during the compliance period of the project.
Subsection (18) does not apply to a taxpayer if the difference between the average actual carbon intensity of the taxpayer’s qualified clean hydrogen project and the expected carbon intensity of the project is 0.5 or less. Recapture of clean hydrogen tax credit — application (a) a taxpayer acquired an eligible clean hydrogen property in the year or any of the preceding 20 calendar years; (b) the taxpayer became entitled to a clean hydrogen tax credit in respect of the capital cost, or a portion of the capital cost, of the property; and (c) in the year, the property is converted to a non-hydrogen or ammonia use, is exported from Canada or is disposed of without having been previously exported or converted to a non-hydrogen or ammonia use. Recapture of clean hydrogen tax credit
If this subsection applies for a taxation year in respect of an eligible clean hydrogen property, there shall be added to the taxpayer’s tax otherwise payable under this Part for the year an amount determined by the formula A is the amount of the taxpayer’s clean hydrogen tax credit in respect of the property; B is the total of all amounts, each of which can reasonably be considered to be the portion of any amount previously paid by the taxpayer because of subsection (18) in respect of the property; C is an amount, not exceeding the amount determined for D, equal to (a) if the property is disposed of to a person or partnership who deals at arm’s length with the taxpayer, the proceeds of disposition of the property, and (b) in any other case, the fair market value of the property; and D is the capital cost of the property on which the clean hydrogen tax credit was deducted.
b) a disposé de cet avoir en faveur d’une autre société ou l’a elle-même acquis dans des circonstances où le paragraphe 29(25) des Règles concernant l’application de l’impôt sur le revenu ou le paragraphe 66.7(1), (2), (2.3), (3), (4) ou (5) s’applique à l’autre société relativement à l’avoir ou s’appliquerait à celle-ci si elle avait continué d’être propriétaire de l’avoir; c) aurait eu droit, n’eût été le paragraphe 66.7(14), (15), (15.1) ou (17), dans le calcul de son revenu pour une année d’imposition se terminant après qu’elle a disposé de l’avoir, à une déduction prévue à l’article 29 des Règles concernant l’application de l’impôt sur le revenu ou au paragraphe 66.7(1), (2), (2.3), (3), (4) ou (5); (predecessor owner) propriétaire obligé Personne qui, à la fois : a) a disposé d’un avoir minier canadien ou d’un avoir minier étranger dont elle était propriétaire, en faveur d’une société qui l’a acquis dans des circonstances où le paragraphe 29(25) des Règles concernant l’application de l’impôt sur le revenu ou le paragraphe 66.7(1), (2), (2.3), (3), (4) ou (5) s’applique à la société relativement à l’avoir ou s’appliquerait à celle-ci si elle avait continué d’être propriétaire de l’avoir; b) aurait eu droit, n’eût été le paragraphe 66.7(12), (13), (13.1) ou (17), dans le calcul de son revenu pour une année d’imposition se terminant après qu’elle a disposé de l’avoir, à une déduction prévue à l’article 29 des Règles concernant l’application de l’impôt sur le revenu ou au paragraphe 66.2(2), 66.2(4) ou 66.4(2) de la présente loi ou de frais visés au sous-alinéa 29(25)c)(ii) ou (iii) de ces règles, des frais d’aménagement au Canada, des frais d’exploration au Canada, des frais d’aménagement au Canada ou des frais liés à des biens canadiens relatifs au pétrole et au gaz qu’elle a engagés avant de disposer de l’avoir. (original owner) provision S’il s’agit de la provision d’une société pour une année d’imposition provenant d’un propriétaire obligé ou d’un propriétaire antérieur d’un avoir minier canadien, le montant calculé selon la formule suivante : A - B où : A représente le total des montants suivants : a) les montants à inclure dans le calcul du revenu de la société pour l’année en application du paragraphe 59(2); (i) prospecting, (ii) carrying out geological, geophysical or geochemical surveys, b) les montants, à titre de provision, déduits dans le calcul du revenu du propriétaire obligé ou du propriétaire antérieur et réputés déduits à titre de provision, en application soit de l’alinéa 87(2)g), soit de cet alinéa et de l’alinéa 88(1)e.2), dans le calcul du revenu de la société pour une année d’imposition antérieure; B le total des montants déduits dans le calcul du revenu de la société pour l’année en application du paragraphe 64(1), (1.1) ou (1.2), à titre de dispositions par le propriétaire obligé ou le propriétaire antérieur. (reserve amount) société actionnaire S’agissant d’une société actionnaire d’une société d’exploration en commun, société qui, pendant la période où s’applique ce terme : a) d’une part, était un actionnaire de la société d’exploration en commun; b) d’autre part, a fait un paiement ou un prêt à la société d’exploration en commun à l’égard de frais d’exploration et d’aménagement au Canada, de frais d’exploration au Canada, de frais d’aménagement au Canada ou de frais relatifs à des biens canadiens relatifs au pétrole et au gaz engagés, ou à engager, par la société d’exploration en commun. (shareholder corporation) société d’exploration en commun Société exploitant une entreprise principale et qui n’a eu, à aucun moment depuis sa constitution, plus de 10 actionnaires, à l’exclusion d’un particulier détenteur en titre à seule fin d’acquérir la qualité d’administrateur. (joint exploration corporation) société exploitant une entreprise principale Société dont l’entreprise principale consiste en l’une ou plusieurs des activités suivantes : a) la production, le raffinage ou la commercialisation du pétrole, de ses dérivés ou du gaz naturel; a.1) la recherche de pétrole ou du gaz naturel par exploration ou forage; b) l’extraction de minéraux ou la recherche de minéraux par exploration; c) le traitement de minerai en vue d’en extraire des métaux ou des minéraux; d) le traitement ou la commercialisation de métaux ou de minéraux extraits de minerai et contenant des métaux ou des minéraux extraits du minerai traité par la société; Income Tax PART I Income Tax DIVISION B Computation of Income
If at any time a qualifying taxpayer (referred to in this subsection as the “vendor”) disposes of all or substantially all of its property comprising a qualified clean hydrogen project of the taxpayer to another taxable Canadian corporation (referred to in this subsection as the “purchaser”), and the vendor and the purchaser jointly elect in prescribed form, on or before the day that is the earliest of the days on or before which any taxpayer making the election is required to file a return of income pursuant to section 150 for the taxation year in which the transaction occurred, to have this subsection apply, the following rules apply: (a) the purchaser is deemed to have acquired any eligible clean hydrogen property of the vendor at the times acquired by the vendor; (b) the provisions of this Act that applied to the vendor in respect of the property that are relevant to the application of the Act in respect of the property after that time are deemed to have applied to the purchaser and, for greater certainty, the purchaser is deemed to have claimed the clean hydrogen tax credits. determined under subsection (2) that could have been claimed by the vendor, before that time, in respect of the project; (c) any clean hydrogen project plans that were filed by the vendor in respect of the project before that time are deemed to have been filed by the purchaser; (d) the purchaser is or will be liable for amounts in respect of the property for which the vendor would be liable under this section in respect of actions, transactions or events that occur after that time as if the vendor had undertaken them or otherwise participated in them; and (e) subsection (22) does not apply to the vendor in respect of the disposition of property to the purchaser. Recapture event reporting requirement
(f) subject to section 66.8, the taxpayer’s share of the specified foreign exploration and development expenses of a partnership incurred in respect of that country in a fiscal period of the partnership if, at the end of that period, the taxpayer was a member of the partnership. (frais d’exploration et d’aménagement à l’étranger déterminés) e) la fabrication de métaux; f) l’exploitation d’un pipeline servant au transport du pétrole ou du gaz; f.1) la production ou la commercialisation du chlorure de calcium, du gypse, du kaolin, du lithium, du chlorure de sodium ou de la potasse; g) la fabrication de produits nécessitant le traitement du chlorure de calcium, du gypse, du kaolin, du lithium, du chlorure de sodium ou de la potasse; h) la production ou la distribution d’énergie, ou la production de combustibles, à l’aide de biens compris dans la catégorie 43.1 ou 43.2 de l’annexe II du Règlement de l’impôt sur le revenu; i) l’élaboration de projets à l’égard desquels il est raisonnable de s’attendre à ce qu’au moins 50 % du coût en capital des biens amortissables à utiliser dans chaque projet soit celui de biens compris dans la catégorie 43.1 ou 43.2 de l’annexe II du Règlement de l’impôt sur le revenu. Est également une société exploitant une entreprise principale une société dont l’actif, constitué principalement d’actions du capital-actions, ou en créances, d’une ou plusieurs autres sociétés exploitant une entreprise principale qui lui sont liées autrement qu’à cause d’un droit visé à l’alinéa 251(5)b). (principal-business corporation) (15.1) The definitions in subsections 66.1(6), 66.2(5), 66.21(1), 66.4(5) and 66.5(2) apply in this section. Autres définitions (15.1) Les définitions figurant aux paragraphes 66.1(6), 66.2(5), 66.21(1), 66.4(5) et 66.5(2) s’appliquent au présent article. Société de personnes
If subsection (22) applies to a taxpayer or partnership for a particular year, the taxpayer or partnership, as the case may be, shall notify the Minister in prescribed form and manner on or before the taxpayer’s filing-due date for the year or the day when a return is required by section 229 of the Income Tax Regulations to be filed in respect of the fiscal period of the partnership. Recovery and recapture — partnerships
Pour l’application des paragraphes (12.6) à (12.73), les définitions de action accréditive et montant à titre d’aide au paragraphe (15) et des paragraphes (18), (19) et 66.3(3) et (4), une société de personnes est réputée être une personne et son année d’imposition, correspondre à son exercice. Sociétés et sociétés de personnes liées
If subsection (12) has at any time applied to add an amount in computing the clean hydrogen tax credit of a member of a partnership, subsections (18) to (23) apply to determine amounts in respect of the partnership as if the partnership was a taxable Canadian corporation, its fiscal period were its taxation year and it had deducted all of the clean hydrogen tax credits that were previously added in computing the clean hydrogen tax credit of any member of the partnership because of the application of subsection (12) in respect of its partnership interest.
Pour l’application de l’alinéa (12.66)d), une société de personnes et une société sont réputées, à tout moment d’une année civile : a) avoir entre elles un lien de dépendance si les conditions suivantes sont réunies :
Unless subsection (27) applies, if, in a taxation year, a taxpayer is a member of a partnership, the amount that can reasonably be considered to be the taxpayer’s share of any amount of tax determined because of subsection
A corporation is not entitled to renounce under subsection (66.1(26), 66(12.601) or 66(12.62) to a person a specified amount in respect of the corporation where the corporation would not be entitled to so renounce the specified amount if (ii) des frais sont réputés par le paragraphe (12.6)1 être engagés par la société de personnes, (iii) ces frais seraient engagés par la société au cours de l’année civile s’il n’était pas tenu compte de l’alinéa (12.6)1)b), (iii) une part de ces frais est incluse, par l’effet de l’alinéa h) de la définition de frais d’exploration au Canada au paragraphe 66.1(6), dans les frais d’exploration au Canada de la société ou d’un associé de la société de personnes avec lequel la société a un lien de dépendance au cours de cette année civile; b) ne pas avoir entre elles de lien de dépendance, dans les autres cas. Associés
in respect of the partnership shall be added to the taxpayer's tax otherwise payable under this Part for the year. Election by member
Pour l’application du présent article, du paragraphe 21(2), des articles 59.1 et 66.1 à 66.7, de l’alinéa d) de la définition de frais de placement au paragraphe 110.6(1), de la définition de dépense minière préparatoire au paragraphe 127(9) et des éléments C et D du paragraphe 211.91(1), dans le cas où la part revenant à une personne des frais ou dépenses engagés par une société de personnes au cours de l’exercice de celle-ci est visée, en ce qui concerne la personne, à l’alinéa d) de la définition de frais d’exploration et d’aménagement à l’étranger au paragraphe (15), à l’alinéa h) de la définition de frais d’exploration au Canada au paragraphe 66.1(6), à l’alinéa f) de la définition de frais d’aménagement au Canada au paragraphe 66.2(5), à l’alinéa e) de la définition de frais relatifs à des ressources à l’étranger au paragraphe 66.21(1) ou à l’alinéa b) de la définition de frais relatifs à des biens canadiens relatifs au pétrole et au gaz au paragraphe 66.4(5), la partie de la dépense ainsi visée est réputée, sauf pour l’application des définitions de frais d’exploration et d’aménagement à l’étranger, frais d’exploration au Canada, frais d’aménagement au Canada, frais relatifs à des ressources à l’étranger et frais relatifs à des biens canadiens relatifs au pétrole et au gaz, avoir été engagée ou effectuée par celle-ci à la fin de l’exercice en cause. Renonciation par une société associée
A taxable Canadian corporation that is a member of a partnership during a fiscal period of the partnership may elect, in prescribed form and manner, to add to its tax payable under this Part for its taxation year that includes the end of the fiscal period the total amount of tax determined for a taxation year because of subsection (25) in respect of the partnership. Joint, several and solidary liability
Une société n’a pas le droit de renoncer en vertu d’une personne, en vertu des paragraphes (12.6), (12.601) ou (12.62), à un montant déterminé quant à elle dans le cas où elle n’aurait pas le droit d’y renoncer ainsi si, à la fois: a) le passage « à la fin de cet exercice » qui figure au paragraphe (18) était remplacé par « au moment où la Income Tax PART I Income Tax DIVISION B Computation of Income
Each member of a partnership is jointly and severally, or solidarily, liable for any portion of the amount of tax — determined because of subsection (25) in respect of the partnership for a taxation year — that is not added to the tax payable (a) of a member of the partnership under subsection (26); or (b) of a taxable Canadian corporation because of subsection (27) and paid by the corporation by its filing-due date for the year. Interest on recovery tax
For the purpose of applying subsection 161(1) to an amount of tax payable because of subsection (18) (other than an amount payable because of subsection (8)), the balance-due day of a taxpayer is deemed to be the balance-due day of the taxation year for the related clean hydrogen tax credit under subsection (2). Credit after compliance period
For the purpose of subsection 66(19), a specified amount in respect of a corporation is an amount that represents (b) all or part of an amount renounced to the corporation under subsection 66(12.6), 66(12.601) or 66(12.62).
For the purpose of applying subsection (2) in respect of a property acquired after the compliance period of a qualified clean hydrogen project of the taxpayer, the expected carbon intensity of the project is deemed to be the greater of the expected carbon intensity otherwise determined and the average actual carbon intensity for the compliance period of the project. Purpose
For the purposes of paragraph (f) of the definition Canadian exploration expense in subsection 66.1(6) and paragraphs (c.2) and (d) of the definition Canadian development expense in subsection 66.2(5), [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] — R.S., 1985, c. 1 (5th Supp.), s. 66; 1986, c. 6, s. 94; 1987, c. 46, s. 5; c. 55, s. 28; 1988, c. 61, s. 211; 1991, c. 25, s. 19; 1994, c. 13, s. 109; 1996, c. 21, s. 53; 1998, c. 19, s. 46; 2000, c. 28, s. 7; 2001, c. 25, s. 19; 2002, c. 8, s. 12; 2001, c. 24, s. 13; 2004, c. 34, ss. 111, 119; c. 55, s. 30; 2017, c. 33, s. 19; 2021, c. 23, s. 12; 2022, c. 19, s. 7; 2024, c. 15, s. 12; 2024, c. 17, s. 14. Impôt sur le revenu
The purpose of this section is to encourage the investment of capital in the production of clean hydrogen and clean ammonia in Canada. Authority of the Minister of Natural Resources
For the purpose of determining whether a property is an eligible clean hydrogen property, the Clean Hydrogen Investment Tax Credit – Technical and Equipment Guidance Document published by the Department of Natural Resources is to apply conclusively with respect to engineering and scientific matters. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2024, c. 17, s. 37; 2024, c. 17, s. 80.
CTM investment tax credit of a qualifying taxpayer for a taxation year means (a) the total of all amounts each of which is the specified percentage of the capital cost to the taxpayer of CTM property acquired by the taxpayer in the year for a CTM use; and CTM property means property of a taxpayer, other than excluded property, (a) situated in Canada and intended for use exclusively in Canada; (b) that has not been used, or acquired for use or lease, for any purpose whatever before it was acquired by the taxpayer; (c) that, if it is to be leased by the taxpayer to another person or a partnership, is (i) leased to a qualifying taxpayer or a partnership all the members of which are qualifying taxpayers, and (ii) leased in the ordinary course of carrying on a business in Canada by the taxpayer whose principal business is selling or servicing property of that type, or whose principal business is leasing property, lending money, purchasing conditional sales contracts, accounts receivable, bills of sale, chattel mortgages or hypothecary claims on movables, bills of exchange or other obligations representing all or part of the sale price of merchandise or services, or any combination thereof; and (d) described in Schedule II to the Income Tax Regulations that (i) is included in (C) Class 43.1 that would otherwise be included in any of clauses (A), (B) and (E), (D) Class 43.2 that would otherwise be included in clause (C), or (E) Class 53, (ii) is included in (A) paragraph (b) of Class 8, or would be included in paragraph (b) of Class 8 if that paragraph were read without reference to the word “solely” and if the word “building” were read as “structure”, (B) Class 43.1 that would otherwise be included in clause (A), or (C) Class 43.2 that would otherwise be included in clause (B), (iii) is included in (A) subparagraph (k)(i) of Class 10, provided that the property would otherwise be in paragraph (a) or (c) of Class 8, (C) paragraph (b) of Class 41, or in paragraph (b) of Class 41.2, that would otherwise be included in clauses (A) or (B), (D) paragraph (b) of Class 43, (E) Class 43.1 that would otherwise be included in any of clauses (A) to (D), or (F) Class 43.2 that would otherwise be included in clause (E), (v) is included in (A) paragraph (a) or (e) of Class 10 or Class 38, but excluding any property that is designed or adapted for use on streets and highways, or (B) Class 56, or (vi) would be described in any of subparagraphs (i) to (v) if the word “mine” in Schedule II of the Income Tax Regulations were read as “mine, well or tailing pond”. (bien de FTP) CTM use means the use of a property (a) all or substantially all for activities described in paragraph (a) or (c) of the definition qualified zero-emission technology manufacturing activities in section 5202 of the Income Tax Regulations; or excluded property means any property used in the production of battery cells or modules if the production has benefited from, or can reasonably be expected to benefit from, support under a contribution agreement with the Government of Canada referred to in section 7300 of the Income Tax Regulations. (bien exclu) government assistance has the same meaning as in subsection 127(9). (aide gouvernementale) non-government assistance has the same meaning as in subsection 127(9). (aide non gouvernementale) qualifying material means qualifying mineral activity means (a) the extraction of resources from a mineral deposit or from a tailing pond; (b) a mineral processing activity, including crushing, grinding, milling, separation, sieving, screening, froth flotation, leaching, recrystallization, precipitation, drying, evaporation, heating, calcination, roasting, smelting, casting of ingots, refining, purification, distillation, electrodeposition and surface roughening of electrodeposited foil, that (i) is performed at a mine site, well site, tailing pond, mill, smelter or refinery, and (ii) occurs prior to or as part of a process intended (A) to increase the purity of at least one qualifying material, or (B) to produce a material with non-trace amounts of a single qualifying material, and without non-trace amounts of any elements other than permitted elements; (c) a recycling activity that is (i) sorting, disassembly or shredding of a recyclable material, or (ii) a material processing activity substantially similar to an activity described in paragraph (b) if that paragraph were read without reference to its subparagraph (i); (i) performed during or after the graphitization stage, and (ii) a material processing activity substantially similar to an activity described in paragraph (b) if that paragraph were read without reference to its subparagraph (i); or qualifying taxpayer means a taxable Canadian corporation. (contribuable admissible) specified percentage means in respect of a CTM property of the taxpayer that is acquired (a) before January 1, 2024, determined without reference to subsection (4), nil; (b) after December 31, 2023 and before January 1, 2032, 30%; (c) after December 31, 2031 and before January 1, 2033, 20%. (c) after December 31, 2031 and before January 1, 2033, 20%; (d) after December 31, 2032 and before January 1, 2034, 10%; (e) after December 31, 2033 and before January 1, 2035, 5%; and CTM investment tax credit
If a qualifying taxpayer files with its return of income for a taxation year a prescribed form containing prescribed information, the taxpayer is deemed to have paid on its balance-due day for the year an amount on account of the taxpayer’s tax payable under this Part for the year equal to the taxpayer’s CTM investment tax credit for the year. Time limit for application
société de personnes a engagé ou effectué la dépense »; b) le passage « à la date où la renonciation prend effet » qui figure à chacun des alinéas 66(12.6l)a) et 66(12.63)a) était remplacé par « au moment où la société en engage une partie pour la première fois ». Montant déterminé
A payment on account of tax payable shall not be deemed to be paid under subsection (2) if the taxpayer does not file with the Minister a prescribed form containing prescribed information in respect of the amount on or before the day that is one year after the taxpayer’s filing-due date for the year and, if the prescribed form is filed after the taxpayer’s filing-due date for the year, no payment is deemed to arise under that subsection until the prescribed form containing the prescribed information has been filed with the Minister. Time of acquisition
Pour l’application du paragraphe (19), le montant déterminé quant à une société correspond à tout ou partie de l’un des montants suivants : a) sa part d’une dépense engagée ou effectuée par une société de personnes dont elle est un associé ou un ancien associé; b) un montant auquel il a été renoncé en sa faveur en vertu des paragraphes 12.6), (12.601) ou (12.62). Puits de saumure qui contient du lithium
For the purpose of this section, CTM property is deemed not to have been acquired by a taxpayer before the property is considered to have become available for
Pour l’application de l’alinéa f) de la définition de frais d’exploration au Canada au paragraphe 66.1(6) et des alinéas c.2) et d) de la définition de frais d’aménagement au Canada au paragraphe 66.2(5), a) une mine comprend un puits pour l’extraction de matières à partir d’un gisement de saumure contenant du lithium; b) tous les puits d’un contribuable d’où sont extraites des matières provenant d’un ou de plusieurs gisements de saumure contenant du lithium, qui sont envoyées à la même usine pour traitement, sont réputés constituer une seule mine du contribuable; c) tous les puits d’un contribuable d’où sont extraites des matières provenant d’un ou de plusieurs gisements de saumure contenant du lithium et qui, tel que déterminé par le ministre en consultation avec le ministre des Ressources naturelles, constituent un seul projet, sont réputés constituer une seule mine du contribuable. [NOTE : Les dispositions d’application ne sont pas incluses dans le texte consolidé; voir les lois et règlements modificatifs appropriés.] — L.R. (1985), ch. 1 (5e suppl.), art. 66; 1986, ch. 6, art. 94; 1987, ch. 46, art. 5; ch. 55, art. 28; 1988, ch. 61, art. 211; 1991, ch. 25, art. 19; 1994, ch. 13, art. 109; 1996, ch. 21, art. 53; 1998, ch. 19, art. 46; 2000, ch. 28, art. 7; 2001, ch. 25, art. 19; 2002, ch. 8, art. 12; 2001, ch. 24, art. 13; 2004, ch. 34, art. 111, 119; ch. 55, art. 30; 2017, ch. 33, art. 19; 2021, ch. 23, art. 12; 2022, ch. 19, art. 7; 2024, ch. 15, art. 12; 2024, ch. 17, art. 14. Sommes à inclure dans le revenu
For the purpose of this section, the capital cost of CTM property to a taxpayer shall (a) not include any amount in respect of a capital property (i) for which an amount was previously deducted under this section by any person, (ii) in respect of which a CCUS tax credit (as defined in subsection 127.44(1)), a clean technology investment tax credit (as defined in subsection 127.45(1)) or a clean hydrogen tax credit (as defined in subsection 127.48(1)) was deducted by any person, or (iii) that has, by virtue of section 21, been added to the cost of a property; (c) be reduced by the total of all amounts, each of which can reasonably be considered to be in respect of the property and is (i) an amount of any government assistance or non-government assistance received by the taxpayer in or before the taxation year in which the property was acquired, or (ii) an amount not described in subparagraph (i) that, in the taxation year, the taxpayer is entitled to or can reasonably be expected to receive and that would be government assistance or non-government assistance if it were received by the taxpayer; and (i) the reference in subsection 127(11.6) to subsection 127(11.5) is to be read as a reference to section 127.49, (ii) the reference in subsection 127(11.6) to subsection 127(26) is to be read as a reference to subsection 127.49(9), and (iii) the term “qualified expenditure” is to be read as an expenditure eligible to be added to the capital cost of a CTM property. Deemed deduction
a) du total des montants visés aux éléments F à M de la formule figurant à la définition de frais cumulatifs (a) the total of exceeds exceeds d’exploration au Canada au paragraphe (6) et déduits dans le calcul des frais cumulatifs d’exploration au Canada du contribuable à la fin de l’année, sur le total des montants suivants : b) les montants visés aux éléments A à E.1 de la formule figurant à la définition de frais cumulatifs d’exploration au Canada au paragraphe (6) et inclus dans le calcul des frais cumulatifs d’exploration au Canada du contribuable à la fin de l’année; c) le total calculé selon le sous-alinéa 66.7(12.1)a)(i) relativement au contribuable pour l’année. Déduction pour une société exploitant une entreprise principale
For the purpose of this section, paragraph 12(1)(t), subsection 13(7.1), the description of I in the definition undepreciated capital cost in subsection 13(21), subsection 53(2) and sections 127.44, 127.45, 127.48 and 129, the amount deemed under subsection (2) to have been paid by a taxpayer for a taxation year is deemed to have been deducted from the taxpayer's tax otherwise payable under this Part for the year.
Une société exploitant une entreprise principale (sauf la société qui ne serait pas une telle société si elle faisait abstraction des alinéas h) et i) de la définition de société exploitant une entreprise principale au paragraphe 66(15)) peut déduire dans le calcul de son revenu pour une année d’imposition un montant ne dépassant pas le moins élevé des montants suivants : a) le total des montants suivants : (i) l’excédent éventuel de ses frais cumulatifs d’exploration au Canada à la fin de l’année sur le montant qu’elle a désigné pour l’année en application du paragraphe 66(4.1), (ii) l’excédent éventuel du total visé à la division (A) sur le montant visé à la division (B) : (A) le total calculé selon le sous-alinéa 66.7(12.1)a)(i) relativement à la société pour l’année, (B) le montant qui serait calculé selon le paragraphe (1) relativement à la société pour l’année n’eût été l’alinéa (1)c); b) l’excédent éventuel du montant visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le montant qui correspondrait à son revenu pour l’année si aucune déduction, sauf une déduction prévue par règlement, n’était permise par le présent paragraphe ou l’article 65, (ii) le total des montants représentant chacun un montant déduit par la société en application des articles 112 ou 113 dans le calcul de son revenu imposable pour l’année. exceeds Definitions bitumen mine development project, of a taxpayer, means an undertaking for the sole purpose of developing a new mine to extract and process tar sands from a mineral resource of the taxpayer to produce bitumen or a similar product; (projet de mise en valeur d’une mine de bitume) (ii) a geological, geophysical, or geochemical expense, (iii) a core hole drilling expense, or (ii) sinking a shaft or constructing an adit or other underground entry, (v) centrale de cogénération, (vi) station de traitement d’eau; b) s’agissant d’un projet de valorisation du bitume : (i) gazéifieur, (ii) unité de distillation sous vide, (iii) unité d’hydrocraquage, (iv) unité d’hydrotraitement, (v) unité d’hydroraffinage, (vi) coker. (designated asset) fin admise a) L’utilisation d’un puits de pétrole ou de gaz uniquement dans le cadre d’essais du puits ou de la tête de puits et du matériel connexe, exécutés dans les règles de l’art de l’ingénierie; b) la combustion de gaz naturel ou d’hydrocarbures connexes en vue de protéger l’environnement; c) toute fin prévue par règlement. (specified purpose) frais cumulatifs d’exploration au Canada S’agissant des frais cumulatifs d’exploration au Canada engagés par le contribuable à un moment donné au cours d’une année d’imposition, le montant calculé selon la formule suivante : (A + B + C + D + E + E.1) - (F + G + H + I + J + J.1 + K + L + M) où : A représente le total des frais d’exploration au Canada engagés ou supportés par lui avant ce moment; B le total des sommes qui ont été incluses, par l’effet du paragraphe (1), dans le calcul de son revenu pour les années d’imposition données à l’alinéa 59(3.2)b) pour les années d’imposition du contribuable se terminant avant ce moment; C le total des montants, sauf les montants relatifs à l’intérêt, payés après le 16 mai 1974 ou avant à Sa Majesté du chef du Canada relativement à des montants qui lui ont été versés avant le 25 mai 1976 en vertu du règlement visé à l’alinéa a) de l’élément H; D le total des montants visés à l’élément G dans le mesure où le contribuable établit que ceux-ci sont devenus des créances irrécouvrables avant ce moment; E la partie du montant représenté par l’élément J que le contribuable a remboursée avant ce moment conformément à une obligation légale de rembourser tout ou partie de ce montant; E.1 le total des montants déterminés calculés selon l’alinéa 66(12.1)a) relativement au contribuable pour les années d’imposition se terminant avant ce moment; F le total des montants déduits ou à déduire dans le calcul de son revenu pour une année d’imposition qui se termine avant ce moment au titre de ses frais cumulatifs d’exploration au Canada; G le total des montants qui lui sont devenus payables avant ce moment et qui doivent être inclus dans le montant déterminé en vertu du présent élément aux termes de l’alinéa 66(12.1)a) ou (12.2)a); H le total des montants qui lui sont payés après le 6 mai 1974 et avant le 25 mai 1976: a) soit en vertu du Règlement sur l’aide à l’exploration minière dans le Nord, pris en application d’une loi de crédits et prévoyant des paiements au titre du Programme de subventions visant les minéraux dans le Nord ou du Programme de développement du ministère des Affaires indiennes et du Nord canadien, dans la mesure où les montants ont été dépensés par le contribuable au titre des frais d’exploration et d’aménagement ou des frais d’exploration au Canada qu’il a engagés; I le total des montants dont chacun est un montant reçu avant ce moment au titre du montant visé à l’élément D; J le total des montants à titre d’aide qu’il a reçus ou est en droit de recevoir concernant des frais d’exploration au Canada après 1980, ou qui peuvent raisonnablement se rapporter à des activités d’exploration au Canada postérieures à 1980, dans la mesure où ces montants n’ont pas réduit les frais d’exploration au Canada du contribuable à cause de l’alinéa (9); J.1 le total des montants qui, par l’effet du paragraphe 80(8), sont à appliquer en réduction des frais cumulatifs d’exploration au Canada du contribuable au plus tard à ce moment; (i) prospecting, (ii) carrying out geological, geophysical or geochemical surveys, K le total des montants à déduire avant ce moment en vertu du paragraphe 66.1(4) dans le calcul de ses frais cumulatifs d’exploration au Canada; L la partie du total des montants représentant chacun un montant qui a été déduit par le contribuable en application des paragraphes 127(5) ou (6) pour une année d’imposition terminée avant ce moment et qu’il est raisonnable d’attribuer à une dépense admissible d’exploration au Canada, à une dépense minière préexploratoire, à une dépense admissible d’aménagement d’une mine de minéral critique déterminée (au sens de ces expressions s’entendent au paragraphe 127(9)) effectuées au cours d’une année d’imposition antérieure; M le total des montants à déduire avant ce moment selon l’alinéa 66.1(12)b) dans le calcul de ses frais cumulatifs d’exploration au Canada. (cumulative Canadian exploration expense) frais d’aménagement admissibles relatifs à une mine de sables bitumineux Dépense engagée par un contribuable après le 21 mars 2011 et avant 2016 dont le montant est déterminé selon la formule suivante : A × B où : A représente une dépense qui représenterait des frais d’exploration au Canada du contribuable visés à l’alinéa g) de la définition de frais d’exploration au Canada si cet alinéa s’appliquait compte non tenu des passages « et avant le 21 mars 2013 » et « sauf un gisement de sables bitumineux ou de schiste bitumineux », à l’exclusion d’une dépense visée à la définition de frais d’aménagement déterminés relatifs à une mine de sables bitumineux; B : a) 100 %, si la dépense est engagée avant 2013, b) 80 %, si elle est engagée en 2013, c) 60 %, si elle est engagée en 2014, d) 30 %, si elle est engagée en 2015. (eligible oil sands mine development expense) frais d’aménagement déterminés relatifs à une mine de sables bitumineux Dépense d’un contribuable, qui à la fois : a) représenteraient des frais d’exploration au Canada du contribuable visés à l’alinéa g) de la définition de frais d’exploration au Canada si cet alinéa s’appliquait compte non tenu des passages « et avant le 21 mars 2013 » et « sauf un gisement de sables bitumineux ou de schiste bitumineux »; Income Tax PART I Income Tax DIVISION B Computation of Income
Where a taxpayer has, in a particular taxation year, repaid (or has not received and can no longer reasonably be expected to receive) an amount of government assistance or non-government assistance that was applied to reduce the cost of a property under paragraph (5)(c) for a preceding taxation year, the amount repaid (or no longer expected to be received) is to be added to the capital cost to the taxpayer of a property acquired in the particular year for the purpose of computing the taxpayer’s CTM investment tax credit for the year. Partnerships
(i) a specified oil sands mine development expense, or b) est engagée par le contribuable après le 21 mars 2011 et avant 2015; c) est engagée par le contribuable dans le but d’atteindre l’achèvement de son projet déterminé de mise en valeur d’une mine de sables bitumineux. (specified oil sands mine development expense) frais d’exploration au Canada Relativement à un contribuable, les dépenses suivantes, engagées après le 6 mai 1974: a) une dépense engagée par le contribuable (à l’exception d’une dépense engagée pour le forage ou l’achèvement d’un puits de pétrole ou de gaz, la construction d’une route d’accès temporaire au puits ou la préparation d’un emplacement pour un tel puits) engagée par le contribuable, d’une part, après mars 1985 en vue d’amener un gisement naturel de pétrole ou de gaz naturel (à l’exception d’une ressource minérale) situé au Canada au stade de la production et, d’autre part, avant le début de la production en quantités commerciales raisonnables (autrement que du pétrole ou du gaz) provenant d’un tel gisement, y compris : (i) les frais de défrichage et d’enlèvement du terrain de couverture, (ii) les frais de fonçage d’un puits et de construction d’une galerie ou d’une entrée souterraine; c) une dépense, d’une part, engagée avant avril 1987 pour le forage ou l’achèvement d’un puits de pétrole A × B where B is ou de gaz au Canada, la construction d’une route d’accès temporaire au puits ou la préparation d’un emplacement pour un tel puits et, d’autre part, engagée par le contribuable : (i) soit au cours de l’année, (ii) soit au cours d’une année antérieure si elle est incluse par le contribuable dans le calcul de ses frais d’aménagement au Canada pour une année d’imposition antérieure, si dans les six mois suivant la fin de l’année, le forage du puits est achevé et : (iii) soit il est établi que le puits est le premier susceptible d’une production en quantités commercialisables à partir d’un gisement de pétrole ou de gaz naturel (à l’exception d’une ressource minérale) jusque-là inconnu, (iv) soit il est raisonnable de s’attendre à ce que le puits ne produise pas de quantités commercialisables dans les douze mois suivant son achèvement, d) une dépense engagée par le contribuable après mars 1987 en vue de la découverte de pétrole ou de gaz naturel, pour le forage ou l’achèvement d’un puits de pétrole ou de gaz au Canada, la construction d’une route d’accès temporaire au puits ou la préparation d’un emplacement pour un tel puits, à condition, dans le cas : (i) que le forage ou l’achèvement du puits soit la cause de la découverte qu’un réservoir souterrain naturel contient du pétrole ou du gaz naturel, si à la fois : (A) avant la découverte, aucune personne ou société de personnes n’avait découvert que le réservoir contenait du pétrole ou du gaz naturel, (B) la découverte s’est produite avant l’expiration de la période de six mois suivant la fin de l’année, (C) l’une des subdivisions ci-après s’applique à la dépense : (I) elle est engagée avant 2021, mais n’est pas réputée par le paragraphe (66.12.66) avoir été engagée le 31 décembre 2020, et est engagée relativement à une obligation à laquelle le contribuable s’est engagé par écrit (notamment un engagement envers un gouvernement prévu par une licence ou un permis) avant le 22 mars 2017, Income Tax PART I Income Tax DIVISION B Computation of Income
Subject to section 127.47, where, in a particular taxation year of a qualifying taxpayer that is a member of a partnership, an amount would be determined under subsection (2) in respect of the partnership, for its taxation year that ends in the particular year, if the partnership were a qualifying taxpayer and its fiscal period were its taxation year, the portion of that amount that can reasonably be considered to be the taxpayer’s share thereof shall be added in computing the CTM investment tax credit of the taxpayer at the end of the particular year. Unpaid amounts
(k.2) [Repealed, 2011, c. 24, s. 14] (II) elle est engagée avant 2019, mais n’est pas réputée par le paragraphe (6)(12.66) avoir été engagée le 31 décembre 2018, (iii) que le puits soit abandonné au cours de l’année ou des six mois suivant la fin de l’année sans avoir jamais produit de pétrole ou de gaz sinon à une fin admise, (iii) que le terme de la période de 24 mois commençant le jour d’achèvement du forage du puits tombe au cours de l’année, que la dépense soit engagée durant cette période et au cours de cette période et que le puits n’ait pas produit de pétrole ou de gaz durant cette période sinon à une fin admise, (iv) que soit présentée au ministre, dans les plus tard six mois après la fin de l’année d’imposition du contribuable au cours de laquelle le forage du puits a commencé, une attestation délivrée par le ministre des Ressources naturelles portant que, compte tenu des éléments de preuve qui lui ont été présentés, il est convaincu : (A) d’une part, que le total des dépenses engagées et à engager pour le forage ou l’achèvement du puits, la construction d’une route d’accès temporaire au puits et la préparation d’un emplacement pour le puits dépassera 5 000 $, (B) d’autre part, que le puits ne produira pas de pétrole ou de gaz sinon à une fin admise dans la période de 24 mois commençant à la date où le forage du puits est terminé, e) une dépense réputée par le paragraphe (9) être des frais d’exploration au Canada engagés par le contribuable; f) une dépense engagée par le contribuable (à l’exception d’une dépense engagée pour le forage ou l’achèvement d’un puits de pétrole ou de gaz, la construction d’une route d’accès temporaire au puits ou la préparation d’un emplacement pour le puits) en vue de déterminer l’existence, la localisation, l’étendue ou la qualité d’une ressource minérale au Canada, y compris, d’une part, une telle dépense à des fins d’études environnementales ou de consultations auprès des collectivités (y compris, malgré le sous-alinéa (iv), les études ou les consultations qui sont engagées en vue d’obtenir un droit, un permis ou un privilège d’exploration en vue de déterminer l’existence, la localisation, l’étendue ou la qualité d’une ressource minérale au Canada) et, d’autre part, les frais suivants : (i) les frais de prospection, (A+B+C+D+E+E.1) - (F+G+H+I+J.1+K+L+M) where (i) les frais d’étude géologique, géophysique ou géochimique, (ii) les frais de forage au moyen d’un appareil rotatif ou à diamant, par battage ou d’autres méthodes, (iii) les frais de creusage de tranchées, de creusage de trous d’exploration et d’échantillonnage préliminaire, à l’exclusion : (iv) des frais d’aménagement au Canada, (v.1) de toute dépense visée aux sous-alinéas (i), (ii) ou (iii) relativement à la ressource minérale qui a été engagée avant l’entrée en production en quantités commerciales raisonnables de la nouvelle mine située dans la ressource et qui permet de générer un revenu, ou dont on peut raisonnablement s’attendre à ce qu’elle permette de dégager un revenu, avant l’entrée en production en quantités commerciales raisonnables de la nouvelle mine, sauf dans la mesure où le total de ces dépenses excède le total de ces revenus; g) une dépense engagée par le contribuable après le 16 novembre 1978 et avant le 21 mars 2013 en vue d’aménager une nouvelle mine, située dans une ressource minérale au Canada, sauf un gisement de sables bitumineux ou de schiste bitumineux, au stade de la production en quantités commerciales raisonnables, mais avant l’entrée en production de cette mine en de telles quantités; sont compris parmi ces dépenses les frais de déblaiement, d’enlèvement des terrains de couverture, de dépouillement, de creusage d’un puits de mine et de construction d’une galerie à flanc de coteau ou d’un autre entrée souterraine; en est exclue toute dépense qui permet de dégager un revenu, ou dont on peut raisonnablement s’attendre à ce qu’elle permette de dégager un revenu, avant l’entrée en production en quantités commerciales raisonnables de la nouvelle mine, sauf dans la mesure où le total de ces dépenses excède le total de ces revenus; g.1) les frais liés aux énergies renouvelables et à l’économie d’énergie au Canada engagés par le contribuable; g.2) une dépense engagée par le contribuable après le 21 mars 2011, qui représente : (i) a crusher, (ii) a froth treatment plant, (iii) a primary separation unit, (i) soit des frais d’aménagement déterminés relatifs à une mine de sables bitumineux, (ii) soit des frais d’aménagement admissibles relatifs à une mine de sables bitumineux; g.3) une dépense engagée par le contribuable qui serait visée à l’alinéa g) si le passage « le 21 mars 2013 » y était remplacé par « 2017 » et qui est engagée : (i) soit aux termes d’une convention écrite que le contribuable a conclue avant le 21 mars 2013, (ii) soit dans le cadre de la mise en valeur d’une nouvelle mine à l’égard de laquelle l’un des énoncés ci-après se vérifie : (A) la construction de la nouvelle mine a été entreprise par le contribuable, ou pour son compte, avant le 21 mars 2013 (à cette fin, ne sont pas des travaux de construction l’obtention des permis ou des autorisations réglementaires, les évaluations environnementales, la consultation des collectivités, les études sur les répercussions et les avantages et les activités semblables), (B) les travaux de conception et d’ingénierie pour la construction de la nouvelle mine, documents à l’appui, ont été entrepris par le contribuable, ou pour son compte, avant le 21 mars 2013 (à cette fin, ne sont pas des travaux de conception et d’ingénierie l’obtention des permis ou des autorisations réglementaires, les évaluations environnementales, la consultation des collectivités, les études sur les répercussions et les avantages et les activités semblables); g.4) une dépense engagée par le contribuable, dont le montant est déterminé selon la formule suivante : A × B où : A représente une dépense non visée à l’alinéa g.3) qui serait visée à l’alinéa g) si le passage « le 21 mars 2013 » y était remplacé par « 2018 », B : (i) 100 %, si la dépense est engagée avant 2015, (ii) 80 %, si elle est engagée en 2015, (iii) 60 %, si elle est engagée en 2016, (iv) 30 %, si elle est engagée en 2017; h) sous réserve de l’article 66.8, la part revenant au contribuable d’une dépense visée à l’un des alinéas a) à d) et f) à g.4) qu’une société de personnes a engagée (v) a cogeneration plant, or (vi) a water treatment plant, or (i) a gasifier unit, (ii) a vacuum distillation unit, (iii) a hydrocracker unit, (iv) a hydrotreater unit, (v) a hydroprocessor unit, or (vi) a coker; (bien désigné) A × B where B is (d) 30% if the expense is incurred in 2015; (frais d’aménagement admissibles relatifs à une mine de sables bitumineux) oil sands mine development project, of a taxpayer, means a bitumen mine development project or a bitumen upgrading development project of the taxpayer; (projet de mise en valeur d’une mine de sables bitumineux) au cours d’un de ses exercices, dans le cas où le contribuable était un associé de la société de personnes à la fin de cet exercice; i) une dépense visée à l’un des alinéas a) à g) et engagée par le contribuable conformément à une convention écrite conclue avec une société avant 1987 par laquelle le contribuable n’engage la dépense qu’en paiement d’actions de la société — à l’exclusion des actions visées par règlement — émises en sa faveur ou d’intérêts ou de droits sur de telles actions ou, pour l’application du droit civil, de droits relatifs à de telles actions; il est entendu toutefois que le terme ne vise pas : j) une contrepartie donnée par le contribuable pour une action — ou un intérêt ou un droit sur celle-ci ou, pour l’application du droit civil, un droit relatif à celle-ci — sauf dans le cas prévu à l’alinéa i); k) une dépense visée à l’alinéa i) et engagée par un autre contribuable dans la mesure où cette dépense consistait, selon le cas, en : (i) frais d’exploration au Canada engagés par cet autre contribuable, en vertu de l’alinéa g) de la définition de frais d’aménagement au Canada au paragraphe 66.1(6), (ii) frais à l’égard de biens canadiens relatifs au pétrole et au gaz engagés par cet autre contribuable, en vertu de l’alinéa e) de la définition de frais à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe 66.4(5); k.1) une dépense qui représente le coût ou une partie du coût, pour le contribuable, d’un bien amortissable d’une catégorie prescrite qui a été acquis après 1987; k.2) [Abrogé, 2011, ch. 24, art. 14] l) un montant (sauf des frais liés aux énergies renouvelables et à l’économie d’énergie au Canada) inclus dans le coût en capital, pour le contribuable d’un bien amortissable d’une catégorie prescrite; m) une dépense engagée après l’entrée en production d’un avoir minier canadien du contribuable en vue d’évaluer la valeur pratique d’une méthode de récupération du pétrole, du gaz naturel ou d’hydrocarbures connexes de la partie d’un réservoir naturel à laquelle l’avoir se rapporte ou en vue de faciliter la récupération de ces ressources; (a) obtaining permits or regulatory approvals, (d) conducting environmental assessments, and (e) entering into contracts; (travaux préliminaires) (c) is incurred by the taxpayer to achieve completion of a specified oil sands mine development project of the taxpayer; (frais d’aménagement déterminés relatifs à une mine de sables bitumineux) n) une dépense engagée relativement à l’injection d’une substance en vue de faciliter la récupération de pétrole, de gaz naturel ou d’hydrocarbures connexes d’un réservoir naturel; o) la part revenant au contribuable d’une contrepartie, d’une dépense ou d’un coût, visé à l’un des alinéas j) à n), d’une ou de plusieurs sociétés de personnes; cependant aucun montant à titre d’aide qu’un contribuable a reçu ou est en droit de recevoir après le 25 mai 1976 concernant ses frais d’exploration au Canada ou s’y rapportant ne peut être inclus comme frais visés à l’un des alinéas a) à i). (Canadian exploration expense) frais liés aux énergies renouvelables et à l’économie d’énergie au Canada S’entend au sens de l’alinéa. Lorsqu’il s’agit de déterminer si une dépense engagée est effectuée relativement à un bien économisant l’énergie visé par règlement continue des frais liés aux énergies renouvelables et à l’économie d’énergie, le Guide technique relatif aux frais liés aux énergies renouvelables et à l’économie d’énergie au Canada (FEREEC), avec ses modifications successives, publié par le ministère des Ressources naturelles, est concluant en la matière techniquement. (Canadian renewable and conservation expense) frais spécifiés Frais, selon le cas : a) que le contribuable engage avant avril 1987; b) dans la mesure où ils sont initialement engagés avant avril 1987, que le contribuable est réputé par l’alinéa 66(10.2)c) engager ou qu’il ajoute au montant visé à l’alinéa a) de la définition de frais d’aménagement au Canada au paragraphe 66.2(5) à cause de l’alinéa 66.1(2.3)b); c) auxquels le contribuable renonce en vertu des paragraphes 66(10.2), 66.12(601) ou 66(12.62), d) pour lesquels un montant visé au paragraphe 66(12.3) devient à recevoir par le contribuable; e) qui sont réputés par le paragraphe (9) constituer des frais d’exploration au Canada du contribuable ou d’un autre contribuable; f) si le contribuable est une société, que celle-ci engage avant le moment où une ou plusieurs personnes en acquièrent le contrôle pour la dernière fois. (restricted expense) projet de mise en valeur d’une mine de bitume Tout projet qu’un contribuable entreprend dans l’unique but de mettre en valeur une nouvelle mine en vue d’extraire Income Tax PART I Income Tax DIVISION B Computation of Income
For the purpose of this section, where any part of the capital cost of a taxpayer’s CTM property is unpaid on the day that is 180 days after the end of the taxation year in which a deduction in respect of a CTM investment tax credit would otherwise be available in respect of the property, such amount is to be (a) excluded from the capital cost of such property in the year; and (b) added to the capital cost of such property at the time it is paid.
(ii) the maximum level of output associated with the design capacity, as of March 21, 2011, of the designated asset referred to in paragraph (a). (project déterminé de mise en valeur d’une mine de sables bitumineux) specified purpose means (c) prescribed purposes. (fin admise) Impôt sur le revenu
Subsection (2) does not apply if a CTM property — or an interest in a person or partnership that has, directly or indirectly, an interest in, or for civil law, a right in, such property — is a tax shelter investment for the purpose of section 143.2. Recapture — conditions for application (a) a taxpayer acquired a CTM property in the year or any of the preceding 10 calendar years; (b) the taxpayer became entitled to a CTM investment tax credit in respect of the capital cost, or a portion of the capital cost, of the property; and (c) in the year, the property (or another property that incorporates the property) is converted to a non-CTM use, is exported from Canada or is disposed of without having been previously exported or converted to a non-CTM use. Recapture of credit
If this subsection applies, there shall be added to the taxpayer’s tax otherwise payable under this Part for the year the lesser of (a) the amount of the taxpayer’s CTM investment tax credit in respect of the property, and (b) the amount determined by the formula A is the amount of the taxpayer’s CTM investment tax credit in respect of the property, (i) in the case where the property is disposed of to a person or partnership who deals at arm’s length with the taxpayer, the proceeds of disposition of the property, or (ii) in the case where the property is disposed of to a person or partnership who does not deal at arm’s length with the taxpayer, is converted to a non-CTM use or is exported from Canada, the fair market value of the property, and C is the capital cost of the property on which the CTM investment tax credit was deducted.
Subsections (11) and (12) do not apply to a taxpayer (in this subsection referred to as the “transferor”) that disposes of a property to a qualifying taxpayer (in this subsection referred to as the “purchaser”) related to the transferor, if the purchaser acquired the property in circumstances where the property would be CTM property to the purchaser (but for paragraph (b) of the definition CTM property in subsection (1)) and is used by the purchaser for a CTM use.
If subsections (11) and (12) do not apply because of subsection (13), subsection 127(34) applies with such modifications as the circumstances require, including that the reference to subsection 127(33) be read as subsection 127.49(13). Recapture event reporting requirement
d’une ressource minérale dont il est propriétaire, et de traiter, des sables asphaltiques qui serviront à produire du bitume ou un produit semblable. (bitumen mine development project) projet de mise en valeur d’une mine de sables bitumineux Projet de mise en valeur d’une mine de bitume ou projet de valorisation de bitume d’un contribuable. (oil sands mine development project) projet déterminé de mise en valeur d’une mine de sables bitumineux Tout projet de mise en valeur d’une mine de sables bitumineux d’un contribuable, abstraction faite de tous travaux préliminaires, à l’égard duquel, à la fois : a) un ou plusieurs biens désignés, selon le cas : (i) ont été acquis par le contribuable avant le 22 mars 2011, (ii) étaient, avant cette date, en voie de construction, de fabrication ou d’installation par le contribuable ou pour son compte; b) le niveau prévu de production quotidienne moyenne (celle de bitume ou d’un produit semblable, dans le cas d’un projet de mise en valeur d’une mine de bitume, en bitume ou en un produit semblable ou, dans le cas d’un projet de valorisation du bitume, en pétrole brut synthétique ou en un produit semblable) auquel il est raisonnable de s’attendre correspond au moins élevé des niveaux suivants : (i) le niveau correspondant à l’intention manifeste du contribuable, au 21 mars 2011, d’obtenir une production attribuable au projet de mise en valeur d’une mine de sables bitumineux, (ii) le niveau maximal de production associé à la capacité théorique, au 21 mars 2011, des biens désignés visés à l’alinéa a). (specified oil sands mine development project) projet de valorisation du bitume Tout projet qu’un contribuable entreprend dans l’unique but de construire une installation de valorisation pour traiter du bitume ou une charge d’alimentation semblable (dont la totalité ou la presque totalité est constituée de bitume ou d’une ressource minérale dont le contribuable est propriétaire) provenant d’une nouvelle mine jusqu’au stade de pétrole brut ou son équivalent. (bitumen upgrading development project) travaux préliminaires Toute activité préalable à l’acquisition, à la construction, à la fabrication ou à l’installation, par un contribuable ou pour son compte, de biens Income Tax PART I Income Tax DIVISION B Computation of Income
If subsection (12) or (13) applies to a taxpayer for a taxation year, the taxpayer shall notify the Minister in prescribed form and manner on or before the taxpayer’s filing-due date for the year. Recapture of credit for partnerships (a) the partnership acquired a CTM property in the fiscal period or in any of the 10 preceding calendar years; (b) the cost, or a portion of the cost, of the property is included in an amount, a percentage of which can reasonably be considered to have been included in computing the amount determined under subsection (8) in respect of the partnership at the end of a fiscal period; and (c) in the fiscal period, the property (or another property that incorporates the property) is converted to a non-CTM use, is exported from Canada or is disposed of without having been previously exported or converted to a non-CTM use. Addition to tax
Application of ss. 66(15), 66.2(5) and 66.4(5) (6.1) The definitions in subsections 66(15), 66.2(5) and 66.4(5) apply to this section.
If this subsection applies to a fiscal period of a partnership, where a taxpayer is a member of the partnership during the fiscal period, there shall be added to the taxpayer’s tax otherwise payable under this Part for the taxpayer’s taxation year in which the fiscal period ends the amount that can reasonably be considered to be the taxpayer’s share of an amount, if any, equal to the lesser of (a) the amount that can reasonably be considered to have been included in respect of the property in computing the amount determined under subsection (8) in respect of the partnership, and (b) the percentage described in paragraph (16)(b) of (i) where the property (or the other property) is disposed of to a person who deals at arm’s length with the partnership, the proceeds of disposition of the property, and (ii) in any other case, the fair market value of the property (or the other property) at the time of the conversion, export or disposition.
[Repealed, 1997, c. 25, s. 14(6)] Impôt sur le revenu
If subsections (16) and (17) apply with respect to the property of a partnership for a fiscal period, the partnership shall notify the Minister in prescribed form and manner on or before the day when a return is required by section 229 of the Income Tax Regulations to be filed in respect of the period. CTM investment tax credit — purpose
The purpose of this section is to encourage the investment of capital in Canada for a CTM use. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2024, c. 17, s. 38, 2024, c. 17, s. 80. Obligation to pay minimum tax
(a) the amount, if any, by which (i) the individual’s minimum amount for the year determined under section 127.51 (ii) the individual’s special foreign tax credit determined under section 127.54 for the year, and (b) the amount, if any, required by section 120 to be added to the individual’s tax otherwise payable under this Part for the year.
A is 20.5%; B is the individual’s adjusted taxable income for the year determined under section 127.52; (a) the first dollar amount for the year referred to in paragraph 117(2)(d), in the case of an individual (other than a trust) or a qualified disability trust (as defined in subsection 122(3)); and (b) nil, in any other case; and D is the individual’s basic minimum tax credit for the year determined under section 127.531. Adjusted taxable income determined
Application des par. 66(15), 66.2(5) et 66.4(5) (6.1) Les définitions figurant aux paragraphes 66(15), 66.2(5) et 66.4(5) s’appliquent au présent article. Dépense déductible (6.2) Toute dépense d’un contribuable qui n’est pas visée aux alinéas f) ou g) de la définition de frais d’exploration au Canada au paragraphe (6) du fait que le contribuable a tiré un revenu d’une mine à un bien minéral est réputée, pour l’application de la présente partie, ne pas être une dépense ou un paiement visés à l’alinéa 18(1)b). Part d’un associé
(b) the total of all amounts each of which is an amount deductible under paragraph 20(1)(a) or any of paragraphs 20(1)(c) to 20(1)(f) in computing the individual’s income for the year in respect of a rental or leasing property (other than an amount included in the individual’s share of a loss referred to in paragraph 127.52(1)(c.1)) were the lesser of the total of all amounts otherwise so deductible and the amount, if any, by which the total of (i) the total of all amounts each of which is the individual’s income for the year from the renting or leasing of a rental or leasing property owned by the individual or by a partnership, computed without reference to paragraphs 20(1)(a) and 20(1)(c) to 20(1)(f), and (ii) the amount, if any, by which (A) the total of all amounts each of which is the individual’s taxable capital gain for the year from the disposition of a rental or leasing property owned by the individual or by a partnership (B) the total of all amounts each of which is the individual’s allowable capital loss for the year from the disposition of a rental or leasing property owned by the individual or by a partnership exceeds the total of all amounts each of which is the individual’s loss for the year from the renting or leasing of a rental or leasing property owned by the individual or by a partnership (other than an amount included in the individual’s share of a loss referred to in paragraph 127.52(1)(c.1)), computed without reference to paragraphs 20(1)(a) and 20(1)(c) to 20(1)(f); (c) the total of all amounts each of which is an amount deductible under paragraph 20(1)(a) or any of paragraphs 20(1)(c) to 20(1)(f) in computing the individual’s income for the year in respect of a film property referred to in paragraph 127.52(1)(c.1) of Class 10 of Schedule II to the Income Tax Regulations (other than an amount included in the individual’s share of a loss referred to in paragraph 127.52(1)(c.1)) were the lesser of the total of all amounts otherwise so deductible by the individual for the year and the amount, if any, by which the total of (i) the total of all amounts each of which is the individual’s income for the year from the renting or leasing of a film property owned by the individual or by a partnership, computed without reference to paragraphs 20(1)(a) and 20(1)(c) to 20(1)(f), and (ii) the amount, if any, by which (A) the total of all amounts each of which is the individual’s taxable capital gain for the year from the disposition of such a film property owned by the individual or by a partnership (B) the total of all amounts each of which is the individual’s allowable capital loss for the year from the disposition of such a film property owned by the individual or by a partnership exceeds the total of all amounts each of which is the individual’s loss for the year from such a film property owned by the individual or by a partnership (other than amounts included in the individual’s share of a loss referred to in paragraph 127.52(1)(c.1)), computed without reference to paragraphs 20(1)(a) and 20(1)(c) to 20(1)(f); (c.1) if, during a partnership’s fiscal period that ends in the year (other than a fiscal period that ends because of subsection 99(1)), the individual’s interest in the partnership is an interest for which an identification number is required to be, or has been, obtained under section 237.1, (i) the individual’s share of allowable capital losses of the partnership for the fiscal period were the lesser of (A) the total of all amounts each of which is the individual’s (I) share of a taxable capital gain for the fiscal period from the disposition of property (other than property acquired by the partnership in a transaction to which subsection 97(2) applied), or (II) taxable capital gain for the year from the disposition of the individual’s interest in the partnership if the individual, or a person who does not deal at arm’s length with the individual, does not have an interest in the partnership (otherwise than because of the application of paragraph 98(1)(a) or 98.1(1)(a)) throughout the following taxation year, and (ii) the individual’s share of each loss from a business of the partnership for the fiscal period were the lesser of (B) the amount, if any, by which (I) the total of all amounts each of which is the individual’s
Pour l’application de la présente loi, la part d’un contribuable — associé d’une société de personnes — sur un montant qui, sans l’alinéa 96(1)d), serait visé à l’élément E, G ou J de la formule figurant à la définition de frais cumulatifs d’exploration au Canada au paragraphe (6) quant à la société de personnes pour son année d’imposition est réputée être un montant visé à ces éléments quant au contribuable pour son année d’imposition au cours de laquelle l’année d’imposition de la société de personnes prend fin.
[Abrogé, 1997, ch. 25, art. 14(6)] Frais d’aménagement au Canada d’années antérieures
(II) the total of all amounts each of which is the individual’s share of an allowable capital loss for the fiscal period, and (iii) the individual’s share of losses from property of the partnership for the fiscal period were the lesser of (I) the individual’s share of incomes for the fiscal period from properties of the partnership, and (II) the amount, if any, by which the total of all amounts each of which is the individual’s
Lorsque, à un moment donné d’une année d’imposition d’un contribuable, se produit l’un ou l’autre des cas suivants : a) le forage ou l’achèvement d’un puits de pétrole ou de gaz est la cause de la découverte qu’un réservoir souterrain naturel contient du pétrole ou du gaz naturel et, avant la découverte, aucune personne ou société de personnes n’avait découvert que le réservoir contenait du pétrole ou du gaz naturel; (i) expenses referred to in paragraph (d) or (e), exceeds Income Tax PART I Income Tax DIVISION B Computation of Income
entitled to receive in respect of the expenses referred to in any of paragraphs 66.1(9)(d) to 66.1(9)(f), Certificate ceasing to be valid [NOTE: Certain provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 66.1; 1994, c. 7, Sch. II, s. 39, s. 38, c. 6, s. 61, par. 140(1)(b); 1995, c. 21, s. 22; 1996, c. 21, s. 60; 1997, c. 25, s. 45; 2002, c. 8, s. 5; 2011, c. 24, s. 36; 2013, c. 33, s. 12, c. 40, s. 31; 2016, c. 7, s. 7; 2017, c. 33, s. 20; 2022, c. 19, s. 8; 2023, c. 26, s. 14. (d) the total determined under subparagraph 66.7(12.1)(b)(ii) in respect of the taxpayer for the year. Impôt sur le revenu
exceeds the total of all amounts each of which is (B) the individual’s share of losses from property of the partnership for the fiscal period; (c.2) where, during a fiscal period of a partnership that ends in the year (other than a fiscal period that ends because of the application of subsection 99(1)), (i) the individual is a limited partner of the partnership, or is a member of the partnership who was a specified member of the partnership at all times since becoming a member of the partnership, or (ii) the partnership owns a rental or leasing property or a film property and the individual is a member of the partnership, the total of all amounts each of which is an amount deductible under any of paragraphs 20(1)(c) to 20(1)(f) in computing the individual’s income for the year in respect of the individual’s acquisition of the partnership interest were the lesser of (iii) the total of all amounts otherwise so deductible, and (iv) the total of all amounts each of which is the individual’s share of any income of the partnership for the fiscal period, determined in accordance with subsection 96(1); (c.3) the total of all amounts each of which is an amount deductible in computing the individual’s income for the year in respect of a property for which an identification number is required to be, or has been, obtained under section 237.1 (other than an amount to which any of paragraphs 127.52(1)(b) to 127.52(1)(c.2) applies) were nil; (i) the references to the fraction applicable to the individual for the year in each of paragraphs 38(a) and (b) and section 41 were read as a reference to “1/1”, and (ii) each amount that is designated by a trust for a particular year of the trust in respect of the individual and deemed by subsection 104(21) to be a taxable capital gain for the year of the individual were equal to the amount obtained by the formula A is the amount so deemed to be a taxable capital gain for the year of the individual, and B is the fraction in paragraph 38(a) applicable to the trust for the particular year of the trust for which the designation is made; (d.1) in respect of a disposition to which paragraph 38(a.1) applies, the portion of that paragraph before subparagraph (i) were read as “a taxpayer’s taxable capital gain for a taxation year from the disposition of a property is equal to 3/10 of the taxpayer’s capital gain for the year from the disposition of the property if”; (e) the total of all amounts deductible under section 65, 66, 66.1, 66.2, 66.21 or 66.4 or under subsection 29(10) or (12) of the Income Tax Application Rules in computing the individual’s income for the year were the lesser of the amounts otherwise so deductible by the individual for the year and the total of (i) the individual’s income for the year from royalties in respect of, and such part of the individual’s income, other than royalties, for the year as may reasonably be considered as attributable to, the production of petroleum, natural gas and minerals, determined before deducting those amounts, (i.1) the individual’s income for the year from property, or from the business of selling the product of property, described in Class 43.1 or 43.2 in Schedule II to the Income Tax Regulations, determined before deducting those amounts, and (ii) all amounts included in computing the individual's income for the year under section 59; (e.1) the total of all amounts each of which is an amount deductible under any of paragraphs 20(1)(c) to 20(1)(f) in computing the individual's income for the year in respect of a property that is a flow-through share (if the individual is the person to whom the share was issued under an agreement referred to in the definition flow-through share in subsection 66(15)), a Canadian resource property or a foreign resource property were the lesser of the total of the amounts otherwise so determined for the year and the amount, if any, by which (i) the total of all amounts each of which is an amount described in subparagraph 127.52(1)(e)(i) or 127.52(1)(e)(ii), determined without reference to paragraphs 20(1)(c) to 20(1)(f), (ii) the total of all amounts each of which is an amount deductible under section 65, 66, 66.1, 66.2, 66.21 or 66.4 or under subsection 29(10) or (12) of the Income Tax Application Rules in computing the individual's income for the year; (f) subsection 82(1) were read without reference to paragraph 82(1)(b); (g) the total of all amounts deductible under section 104 in computing the income of a trust for the year were equal to the total of (i) the total of all amounts otherwise deductible under that section, and (ii) the total of all amounts each of which is (A) an amount designated by the trust under subsection 104(21) for the year, or (B) that portion of a net taxable capital gain of the trust that may reasonably be considered to (I) be part of an amount included, by virtue of subsection 104(13) or section 105, in computing the income for the year of a non-resident beneficiary of the trust, or (II) have been paid in the year by a trust governed by an employee benefit plan to a beneficiary thereunder; the year or taxable income earned in Canada for the year, as the case may be, were (i) the amounts deducted under subsection 110(2), (ii) 7/5 of the amounts deducted under any of paragraph 110(1)(d.01) and subsections 110.6(2) and (2.1), (iii) the amount that would be deductible under paragraph 110(1)(f) if the individual deducted 1/2 of the amount the individual deducted for the year under subparagraph 110(1)(f)(v), (iv) 1/2 of the amount deducted for the year under subsection 110.7(1), (v) the amount deducted under paragraph 110(1)(g), and (vi) twice the amount deducted under subsection 110.6(1.2); (h.1) the formula in paragraph 110.6(21)(a) were read as (i) in computing the individual’s taxable income for the year or the individual’s taxable income earned in Canada for the year, as the case may be, the only amounts deducted under (i) paragraphs 111(1)(a), 111(1)(c), 111(1)(d) and 111(1)(e) were the lesser of (B) the total of all amounts that would be deductible under those paragraphs for the year if the amount that would be deductible under paragraphs 111(1)(a), (c), (d) and (e) was 1/2 of the amount that would otherwise be deductible under those paragraphs and if (I) paragraphs (b), (c) and (e) of this subsection, as they read in respect of taxation years that began after 1985 and before 1995, applied in computing the individual’s non-capital loss, restricted farm loss, farm loss and limited partnership loss for any of those years, (II) paragraphs (b) to (c.3), (e) and (e.1) of this subsection, as they read in respect of taxation years that began after 1994 and ended before 2012, applied in computing the individual’s non-capital loss, restricted farm loss, farm loss and limited partnership loss for any of those years, and (III) paragraphs (b) to (c.3), (e) and (e.1) of this subsection applied in computing the individual’s non-capital loss, restricted farm loss, farm loss and limited partnership loss for any taxation year that ends after 2011, and (ii) paragraph 111(1)(b) were the lesser of (A) the total of all amounts deducted under paragraph 111(1)(b), and (B) the total of all amounts that would be deductible under that paragraph for the year if (I) paragraph (d) of this subsection applied in computing the individual’s net capital loss for any taxation year that began before 1995, (II) paragraphs (c.1) and (d) of this subsection, as they read in respect of taxation years that began after 1994 and ended before 2012, applied in computing the individual’s net capital loss for any of those years, (III) paragraphs (c.1) and (d) of this subsection applied in computing the individual’s net capital loss for any taxation year that ends after 2011 and begins before 2024, and (IV) paragraph (c.1) of this subsection applied in computing the individual’s net capital loss for any taxation year that begins after 2023; and (j) in computing the individual’s income for the year, the individual deducted 1/2 of the amount deducted for the year under (ii) paragraphs 20(1)(c) to (f) in respect of an amount borrowed to earn income from property for the year, other than an amount described under any of paragraphs (b), (c), (c.2), (c.3) and (e.1), Partnerships
For the purposes of subsection 127.52(1) and this subsection, any amount deductible under a provision of this Act in computing the income or loss of a partnership for a fiscal period is, to the extent of a member’s share of the partnership’s income or loss, deemed to be deductible by the member under that provision in computing the member’s income for the taxation year in which the fiscal period ends. Specified member of a partnership (2.1) Where it can reasonably be considered that one of the main reasons that a member of a partnership was not a specified member of the partnership at all times since becoming a member of the partnership is to avoid the application of this section to the member’s interest in the partnership, the member is deemed for the purpose of this section to have been a specified member of the partnership at all times since becoming a member of the partnership.
For the purposes of this section, film property means a property described in paragraph (n) of Class 12, or paragraph (w) of Class 10, of Schedule II to the Income Tax Regulations; (production cinématographique) limited partner has the meaning that would be assigned by subsection 96(2.4) if that subsection were read without reference to “if the member’s partnership interest is not an exempt interest (within the meaning assigned by subsection 127.52(2.5)) at that time and”; (commanditaire) rental or leasing property means a property that is a rental property or a leasing property for the purpose of section 1100 of the Income Tax Regulations. (bien de location) Basic minimum tax credit determined
(a) 1/2 of an amount deducted under any of subsections 118(1), (2), (3) and (10), sections 118.01 to 118.07, subsections 118.3(1), (2) and (3) and sections 118.5 to 118.7 in computing the individual’s tax payable for the year under this Part; (b) 1/2 of the amount that was claimed under section 118.2 in computing the individual’s tax payable for the year under this Part, determined without reference to this Division, to the extent that the amount claimed under that section in computing the individual’s tax payable for the year under this Part, determined without reference to this Division; (c) 4/5 of the amount that was claimed under section 118.1 in computing the individual’s tax payable for the year under this Part, determined without reference to this Division, to the extent that the amount claimed under that section in computing the individual’s tax payable for the year under this Part, determined without reference to this Division; and [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] foreign income of an individual for a taxation year means the total of (a) the individual’s incomes for the year from businesses carried on by the individual in countries other than Canada, and (b) the individual’s incomes for the year (as would be determined if paragraph 127.52(1)(d) were applicable) from sources in countries other than Canada in respect of which the individual has paid non-business-income taxes, as defined in subsection 126(7), to governments of countries other than Canada; (revenu de source étrangère) foreign taxes of an individual for a taxation year means the total of the business-income taxes, as defined in subsection 126(7), paid by the individual for the year in respect of businesses carried on by the individual in countries other than Canada and 2/3 of the non-business-income taxes, as defined in that subsection, paid by the individual for the year to the governments of countries other than Canada. (impôts payés à l’étranger) Foreign tax credit
sont réputés avoir été engagés le 31 décembre 2018); sur : g) tous montants à titre d’aide qu’il a reçus ou est en droit de recevoir, ou qu’une société de personnes dont le contribuable est un associé a reçus ou est en droit de recevoir, concernant les frais visés aux alinéas d) à f). Attestation invalide
For the purposes of section 127.5, an individual’s special foreign tax credit for a taxation year is the greater of (a) the total of all amounts deductible under section 126 from the individual’s tax for the year, and (i) the individual’s foreign taxes for the year, and (ii) the amount determined by the formula A is 20.5%, and B is the individual’s foreign income for the year.
L’attestation concernant un puits de pétrole ou de gaz délivrée par le ministre des Ressources naturelles pour l’application du sous-alinéa (d)(iv) de la définition de frais d’exploration au Canada au paragraphe (6) est réputée ne jamais avoir été délivrée et ne jamais avoir été présentée au ministre si, selon le cas : a) le puits produit du pétrole ou du gaz, autrement qu’à une fin admise, dans les 24 mois commençant à la date où le forage du puits est terminé; b) dans sa demande d’attestation, le contribuable fournit des renseignements inexacts, dans un point important, ou omet de fournir des renseignements. [NOTE : Les dispositions d’application ne figurent pas dans le texte codifié; voir les lois et règlements modificatifs pertinents.] L.R. (1985), ch. 1 (5e suppl.), art. 66.1; 1994, ch. 7, ann. II, art. 39, art. 38, ch. 6, art. 61, al. 140(1)b); 1995, ch. 21, art. 22; 1996, ch. 21, art. 60; 1997, ch. 25, art. 45; 2002, ch. 8, art. 5; 2011, ch. 24, art. 36; 2013, ch. 33, art. 12, ch. 40, art. 31; 2016, ch. 7, art. 7; 2017, ch. 33, art. 20; 2022, ch. 19, art. 8; 2023, ch. 26, art. 14. Sommes à inclure dans le revenu
(c) an individual for the taxation year in which the individual dies; (e) a trust described in paragraph 104(4)(a) or (a.1) for its taxation year that includes the day determined in respect of the trust under that paragraph; and (f) a taxation year of a trust throughout which the trust is (ii) an investment fund (as defined in subsection 251.2(1)) unless the trust qualifies as an investment fund because of or in connection with a transaction or event or series of transactions or events one of the main purposes of which is to avoid tax under this Division, (A) all of the beneficiaries of which are any combination of (I) persons exempt from tax under this Division, and (II) trusts described in this subparagraph, (B) under which no person (other than a person described in subclause (A)(I) or (II)) can be added as a beneficiary, (C) in which all interests are fixed interests (as defined in subsection 94(1)), and (D) that is irrevocable, (iv) a trust that is exempt from tax under this Part, (v) a trust described in subsection 143(1), (vi) a unit trust if the total fair market value of the units of the trust that are listed on a designated stock exchange represents all or substantially all of the total fair market value of all the units of the trust, or (vii) an employee ownership trust. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] Special Rules Applicable in Certain Circumstances
a) les montants visés aux alinéas E à O de la formule figurant à la définition de frais cumulatifs d’aménagement au Canada au paragraphe (5) et qui sont déduits dans le calcul des frais cumulatifs d’aménagement au Canada du contribuable à la fin de l’année; b) le montant que le contribuable a désigné pour l’année en vertu du paragraphe 66(14.2), sur le total des montants suivants : c) les montants visés aux alinéas A à D.1 de la formule figurant à la définition de frais cumulatifs d’aménagement au Canada au paragraphe (5) et inclus dans le calcul des frais cumulatifs d’aménagement au Canada du contribuable à la fin de l’année; d) le total déterminé en vertu du sous-alinéa 66.7(12.1)b)(ii) relativement au contribuable pour l’année. (a) the lesser of (i) the total of exceeds and (b) the lesser of (d) the amount determined by the formula A(B – C) where A is
(b) the estate of the bankrupt shall be deemed not to be a trust or an estate for the purposes of this Act; (c) the income and the taxable income of the corporation for any taxation year of the corporation during which it was a bankrupt and for any subsequent year shall be calculated as if (i) the property of the bankrupt did not pass to and vest in the trustee in bankruptcy on the bankruptcy order being made or the assignment filed but remained vested in the bankrupt, and (ii) any dealing in the estate of the bankrupt or any act performed in the carrying on of the business of the bankrupt estate by the trustee was done as agent on behalf of the bankrupt and any income of the trustee from such dealing or carrying on is income of the bankrupt and not of the trustee; (d) a taxation year of the corporation shall be deemed to have commenced on the day the corporation became a bankrupt and a taxation year of the corporation that would otherwise have ended after the corporation became a bankrupt shall be deemed to have ended on the day immediately before the day on which the corporation became a bankrupt; (e) if, in the case of any taxation year of the corporation ending during the period the corporation is a bankrupt, the corporation fails to pay any tax payable by it under this Act for any such year, the corporation and the trustee in bankruptcy are jointly and severally, or solidarily, liable to pay the tax, except that (i) the trustee is only liable to the extent of the property of the bankrupt in the trustee’s possession, and (ii) payment by either of them discharges the liability to the extent of the amount paid; (f) in the case of any taxation year of the corporation ending during the period the corporation is a bankrupt, the corporation shall be deemed not to be associated with any other corporation in the year; and (g) where an absolute order of discharge is granted in respect of the corporation, for the purposes of section 111 any loss of the corporation for any taxation year preceding the year in which the order of discharge was granted is not deductible by the corporation in computing its taxable income for the taxation year of the corporation in which the order was granted or any subsequent year.
where (D – E) – (F – G – H) where sur : (C) le total des montants, relatifs à des biens à porter à l’inventaire et visés à la division (A), déduits à titre de provision en vertu de l’alinéa 20(1)n) dans le calcul de son revenu pour l’année; c) un montant égal à 30 % de l’excédent du montant calculé en vertu du sous-alinéa b)(i) sur le montant calculé en vertu du sous-alinéa b)(ii); d) le montant obtenu par la formule suivante : A(B – C) où : A représente : (i) pour les années d’imposition qui se terminent avant 2024, 15 %, (ii) pour les années d’imposition qui commencent avant 2024 et se terminent après 2023, le montant obtenu par la formule suivante : 0,15I/(J) + 0,075(K/J) où : I représente le total des frais d’aménagement accélérés engagés par le contribuable avant 2024 et au cours de l’année d’imposition, J le total des frais d’aménagement au Canada accélérés engagés par le contribuable au cours de l’année d’imposition, K le total des frais d’aménagement au Canada accélérés engagés par le contribuable après 2023 et au cours de l’année d’imposition, (iii) pour les années d’imposition qui commencent après 2023, 7,5 %, B le total des frais d’aménagement au Canada accélérés engagés par le contribuable au cours de l’année d’imposition, C le montant obtenu par la formule suivante : (D – E) – (F – G – H) où : D représente le total des valeurs des éléments E à O de la définition de frais cumulatifs d’aménagement au Canada au paragraphe (5) à la fin de l’année d’imposition, Definitions (ii) sinking a mine shaft, constructing an adit or other underground entry, F le total des montants représentant chacun un montant relatif soit à un bien visé aux alinéas b), e) ou f) de la définition de avoir minier canadien au paragraphe 66(15), soit à un bien dont il est disposé après le 21 mars 2011, mais qui était visé à l’un de ces alinéas et dont le coût, au moment où le contribuable l’a acquis, a été inclus dans ses frais d’aménagement au Canada, soit à un droit ou à un intérêt en un tel bien ou, pour l’application du droit civil, à un droit relatif à un tel bien, à l’exclusion d’un droit ou d’un intérêt qu’il détient en tant qu’actionnaire d’une fiducie ou associé d’une société de personnes, appelé « bien donné » au présent élément et dont le contribuable a disposé avant ce moment, égal à l’excédent : a) du total éventuel du produit de disposition tiré du bien donné, devant à recevoir par le contribuable après le 16 mai 1974 mais avant ce moment, sur le total éventuel des montants qui seraient déterminés selon l’alinéa 66.7(4)a), immédiatement avant le moment appelé « moment déterminé » au présent alinéa) auquel le produit de disposition est à recevoir, relativement au contribuable et à un propriétaire obligé du bien donné (ou de tout autre bien acquis par le contribuable en même temps que le bien donné dans les circonstances déterminées au paragraphe 66.7(4) et pour lequel le produit de disposition est à recevoir par le contribuable au moment déterminé) si, à la fois : (A) il n’était pas tenu compte des montants devant à recevoir au moment déterminé ou après, (B) chaque désignation effectuée en application du sous-alinéa 66.7(4)a)(iii) relativement au montant devant à recevoir avant le moment déterminé était réputée ne pas avoir été effectuée, (C) il n’était pas tenu compte du passage « < 30 % de » à l’alinéa 66.7(4)a), (D) il n’était pas tenu compte d’une réduction effectuée en application du paragraphe 80(8) au moment déterminé ou postérieurement, sur le total : (ii) des montants qui seraient déterminés selon l’alinéa 66.7(4)a) au moment déterminé relativement au contribuable et à un propriétaire obligé du bien donné (ou de cet autre bien) si, à la fois : (A) il n’était pas tenu compte des montants devenus à recevoir après le moment déterminé, (B) chaque désignation effectuée en application du sous-alinéa 66.7(4)a)(iii) relativement à un montant devenu à recevoir au moment déterminé avait été effectuée avant ce moment, (C) il n’était pas tenu compte du passage « 30 % de » à l’alinéa 66.7(4)a), (D) il n’était pas tenu compte des montants visés au sous-alinéa 66.7(4)a)(iii) et devenus à recevoir au moment déterminé, (E) il n’était pas tenu compte d’une réduction effectuée en application du paragraphe 80(8) au moment déterminé mais qui est par ailleurs selon le présent alinéa qui est par ailleurs appliquée en réduction du montant déterminé par ailleurs selon le présent alinéa; G le total des montants recevables par lui avant ce moment et qui doivent être inclus dans le moment déterminé en vertu du présent élément des termes de l’alinéa 66.12(1)b) ou (12.3)a); H le total des montants dont chacun est un montant inclus par le contribuable à titre de dépense en vertu de l’alinéa a) de la définition de frais d’aménagement au Canada au présent paragraphe dans le calcul de ses frais d’aménagement au Canada pour une année d’imposition antérieure et qui est devenu des frais d’exploration au Canada du contribuable à cause du sous-alinéa c)(ii) de la définition de frais d’exploration au Canada au paragraphe 66.1(6); I le total des montants dont chacun est un montant qui, avant ce moment, est devenu des frais d’exploration au Canada du contribuable à cause du paragraphe 66.1(9); J le total des montants dont chacun est un montant reçu avant ce moment au titre de tout montant visé à l’élément C; K le total des montants qui lui ont été versés après le 6 mai 1974 ou avant le 25 mai 1976 : a) soit en vertu du Règlement sur l’aide à l’exploration minière dans le Nord pris en application (A+B+C+D) - (E+F+G+H+I+J+K+L+M+M.1+N+O) where d’une loi de crédits et prévoyant des paiements au titre du Programme de subventions visant les minéraux dans le Nord; b) soit en vertu d’une entente conclue par le contribuable et Sa Majesté du chef du Canada en vertu du Programme d’aide à l’exploration minière dans le Nord ou du Programme de développement du ministère des Affaires indiennes et du Nord canadien, dans la mesure où les montants ont été dépensés par le contribuable au titre des frais d’aménagement au Canada engagés par lui; L L’excédent du total des montants déterminés selon le paragraphe 66.4(1) pour une année d’imposition du contribuable se terminant au plus tard à ce moment sur le total des montants représentant chacun le moins élevé des montants suivants : a) le montant qui serait déterminé selon l’alinéa 66.7(4)a), au moment (appelé « moment particulier » au présent élément) qui correspond à la fin de la plus récente année d’imposition du contribuable se terminant avant ce moment relativement à la disposition initiale comme si les sociétés remplaçantes subséquentes étaient la même personne que le contribuable, (i) il n’était pas tenu compte du passage « 30 % de » à l’alinéa 66.7(4)a), (ii) dans le cas où le contribuable a disposé de tout ou partie de l’avoir dans les circonstances déterminées au paragraphe 66.7(4), ce paragraphe continue de s’appliquer au contribuable relativement à la disposition initiale comme si les sociétés remplaçantes subséquentes étaient la même personne que le contribuable, (iii) chaque désignation effectuée en application du sous-alinéa 66.7(4)a)(iii) relativement à un montant devenu un revenu avant le moment particulier était effectuée avant ce moment; b) l’excédent éventuel du total des montants représentant chacun un montant devenu un revenu pour le contribuable au plus tard au moment particulier avant 1993 et inclus dans le calcul du montant déterminé selon le sous-alinéa 66.7(5)a)(iii) relativement à la disposition initiale sur l’excédent éventuel : (i) dans le cas où le contribuable a disposé de tout ou partie de l’avoir avant le moment particulier dans les circonstances déterminées au exceeds paragraph 66.7(5), du montant qui serait déterminé au moment particulier selon le sous-alinéa 66.7(5)a)(i) relativement à la disposition initiale si ce sous-alinéa continuait de s’appliquer au contribuable relativement à cette disposition comme si les sociétés remplaçantes subséquentes étaient la même personne que le contribuable, (ii) dans les autres cas, du montant déterminé au moment particulier selon le sous-alinéa 66.7(5)a)(i) relativement à la disposition initiale sur : (iii) le montant qui serait déterminé au moment particulier selon le sous-alinéa 66.7(5)a)(i) relativement à la disposition initiale s’il n’était pas tenu compte des passages « ou par la société remplaçante » et « ou sous-alinéa », des montants devenus à recevoir après 1992; (c) zéro, dans les cas où, à la fois : (i) le prix de disposition initiale et au plus tard au moment particulier, le contribuable a commencé ou a continué la liquidation de ses affaires déterminées au paragraphe 66.7(4), autrement que par voie de fusion ou d’unification ou autrement que par le seul effet de l’alinéa 66.7(10)c), (ii) la liquidation du contribuable a commencé au moment donné ou avant ou la disposition visée au sous-alinéa (i) (sauf si elle est effectuée aux termes d’une convention écrite conclue avant le 22 décembre 1992) a été effectuée après le 21 décembre 1992; M le total des montants à titre d’aide qu’il a reçus ou en droit de recevoir, concernant des frais d’aménagement au Canada — y compris des frais qui sont devenus des frais d’exploration au Canada et du contribuable à cause du paragraphe 66.1(6) — engagés après 1980, ou qui peuvent raisonnablement se rapporter à des activités d’aménagement au Canada postérieures à 1980;
Where an individual has become a bankrupt, the following rules are applicable: (b) the estate of the bankrupt shall be deemed not to be a trust or an estate for the purposes of this Act; (c) the income and the taxable income of the individual for any taxation year during which the individual was a bankrupt and for any subsequent year shall be calculated as if (i) the property of the bankrupt did not pass to and vest in the trustee in bankruptcy on the bankruptcy order being made or the assignment filed but remained vested in the bankrupt, and (ii) any dealing in the estate of the bankrupt or any act performed in the carrying on of the business of the bankrupt estate by the trustee was done as agent on behalf of the bankrupt and any income of the trustee from such dealing or carrying on is income of the bankrupt and not of the trustee; (i) a taxation year of the individual is deemed to have begun at the beginning of the day on which the individual became a bankrupt, and (ii) the individual’s last taxation year that began before that day is deemed to have ended immediately before that day; (d.1) where, by reason of paragraph (d), a taxation year of the individual is not a calendar year, (i) paragraph 146(5)(b) shall, for the purpose of the application of subsection 146(5) to the taxation year, be read as follows: “(b) the amount, if any, by which (i) the amount, if any, by which the taxpayer’s RRSP deduction limit for the particular calendar year in which the taxation year ends exceeds the total of all contributions made by an employer in the particular calendar year to a pooled registered pension plan in respect of the taxpayer (ii) the total of the amounts deducted under this subsection and subsection (5.1) in computing the taxpayer’s income for any preceding taxation year that ends in the particular calendar year.”, (ii) paragraph 146(5.1)(b) shall, for the purpose of the application of subsection 146(5.1) to the taxation year, be read as follows: “(b) the amount, if any, by which (i) the amount, if any, by which the taxpayer’s RRSP deduction limit for the particular calendar year in which the taxation year ends exceeds the total of all contributions made by an employer in the particular calendar year to a pooled registered pension plan in respect of the taxpayer (ii) the total of the amount deducted under subsection (5) in computing the taxpayer’s income for the year and the amounts deducted under this subsection and subsection (5) in computing the taxpayer’s income for any preceding taxation year that ends in the particular calendar year.”; (d.2) where, by reason of paragraph 128(2)(d), the individual has two taxation years ending in a calendar year, each amount deducted in computing the individual’s income for either of the taxation years shall be deemed, for the purposes of the definition unused RRSP deduction room in subsection 146(1) and Part X.1, to have been deducted in computing the individual’s income for the calendar year; (d.3) where, by reason of paragraph (d), a taxation year of the individual is not a calendar year, (i) for the purposes of the application of subsection 146.6(1) and the definition **excess FHSA amount** in subsection 207.01(1) to each taxation year ending in the calendar year, references to “taxation year” are to be read as references to “calendar year”, and (ii) for the purposes of the application of subsection 146.6(5) to each taxation year ending in the calendar year, the description of A in paragraph 146.6(5)(a) is to be read as follows: “A is the total of all amounts each of which is the taxpayer’s annual FHSA limit for the calendar year that includes the taxation year and each preceding calendar year,” and (e) where the individual was a bankrupt at any time in a calendar year the trustee shall, within 90 days from the end of the year, file a return with the Minister, in prescribed form, on behalf of the individual of the individual’s income for any taxation year occurring in the calendar year computed as if (i) the only income of the individual for that taxation year was the income for the year, if any, arising from dealings in the estate of the bankrupt or acts performed in the carrying on of the business of the bankrupt by the trustee, (ii) in computing the individual’s taxable income for that taxation year, no deduction were permitted by Division C, other than (A) an amount under any of paragraphs 110(1)(d) to (d.3) and section 110.6 to the extent that the amount is in respect of an amount included in income under subparagraph (i) for that taxation year, and (B) an amount under section 111 to the extent that the amount was in respect of a loss of the individual for any taxation year that ended before the individual was discharged absolutely from bankruptcy, (iii) in computing the individual’s tax payable under this Part for that taxation year, no deduction were allowed (A) under any of sections 118 to 118.07, 118.2, 118.3, 118.5, 118.8 and 118.9, (B) under section 118.1 with respect to a gift made by the individual on or after the day the individual became bankrupt, (B.1) under section 118.62 with respect to interest paid on or after the day on which the individual became bankrupt, and (C) under subsection 127(5) with respect to an expenditure incurred or property acquired by the individual in any taxation year that ends after the individual was discharged absolutely from bankruptcy, and the trustee is liable to pay any tax so determined for that taxation year; (f) notwithstanding paragraph 128(2)(e), the individual shall file a separate return of the individual’s income for any taxation year during which the individual was a bankrupt, computed as if (i) the income required to be reported in respect of the year by the trustee under paragraph 128(2)(e) was the income of the individual, (ii) in computing income, the individual was not entitled to deduct any loss sustained by the trustee in the year in dealing with the estate of the bankrupt or in carrying on the business of the bankrupt, (iii) in computing the individual’s taxable income for the year, no amount were deductible under any of paragraphs 110(1)(d) to (d.3) and section 110.6 in respect of an amount included in income under subparagraph (e)(i), and no amount were deductible under section 111, and (iv) in computing the individual’s tax payable under this Part for the year, no amount were deductible under (A) section 118.1 in respect of a gift made before the day on which the individual became bankrupt, (B) section 118.62 in respect of interest paid before the day on which the individual became bankrupt, or and the individual is liable to pay any tax so determined for that taxation year; (g) notwithstanding subparagraphs 128(2)(e)(ii) and 128(2)(e)(iii) and 128(2)(f)(iii) and 128(2)(f)(iv), where at any time an individual was discharged absolutely from bankruptcy, (i) in computing the individual’s taxable income for any taxation year that ends after that time, no amount shall be deducted under section 111 in respect of losses for taxation years that ended before that time, (ii) in computing the individual’s tax payable under this Part for any taxation year that ends after that time, (A) no amount shall be deducted under section 118.61 or 120.2 in respect of an amount for any taxation year that ended before that time, (B) no amount shall be deducted under section 118.1 in respect of a gift made before the individual became bankrupt, (B.1) no amount shall be deducted under section 118.62 in respect of interest paid before the day on which the individual became bankrupt, and (C) no amount shall be deducted under subsection 127(5) in respect of an expenditure incurred or a property acquired by the individual in any taxation year that ended before that time, and (iii) the individual’s unused tuition, textbook and education tax credits (as determined under subsection 118.61(1)) at the end of the last taxation year that ended before that time is deemed to be nil; (h) where, in a taxation year commencing after an order of discharge has been granted in respect of the individual, the trustee deals in the estate of the individual who was a bankrupt or performs any act in the carrying on of the business of the individual, paragraphs 128(2)(e), 128(2)(f) and 128(2)(g) shall apply as if the individual were a bankrupt in the year; and (i) the portion of the individual’s non-capital loss for a particular taxation year in which paragraph 128(2)(e) applied in respect of the individual and any preceding taxation year that does not exceed the lesser of (i) the amount of the individual’s allowable business investment losses for the particular taxation year, and (ii) any portion of the individual’s non-capital loss for that particular year that was not deducted in computing the individual's taxable income for any taxation year in which paragraph 128(2)(e) applied in respect of the individual or any preceding taxation year, shall, for the purpose of determining the individual's cumulative gains limit under section 110.6 for taxation years following the taxation year in which paragraph 128(2)(e) was last applicable in respect of the individual, be deemed not to have been an allowable business investment loss. Changes in Residence Immigration
1 le total des montants qui, par l’effet du paragraphe 80(8), sont à appliquer en réduction des frais cumulatifs d’aménagement au Canada du contribuable au plus tard à ce moment; N le total des montants à déduire avant ce moment en vertu du paragraphe 66.1(4.2) dans le calcul de ses frais cumulatifs d’aménagement au Canada; o le total des montants à déduire avant ce moment selon l’alinéa 66.7(12)c) dans le calcul de ses frais cumulatifs d’aménagement au Canada. (cumulative Canadian development expense) frais d’aménagement au Canada Relativement à un contribuable, les dépenses et coûts suivants engagés après le 6 mai 1974: a) une dépense engagée par le contribuable : (i) pour le forage ou la conversion d’un puits au Canada en vue d’évacuer les liquides résiduels provenant d’un puits de pétrole ou de gaz, (ii) pour le forage ou l’achèvement d’un puits de pétrole ou de gaz au Canada, la construction d’une route d’accès temporaire au puits ou l’aménagement d’un emplacement pour le puits, dans la mesure où cette dépense ne consiste pas en frais d’exploration au Canada du contribuable au cours de l’année d’imposition où elle est engagée, (iii) pour le forage ou la conversion d’un puits au Canada en vue d’injecter de l’eau, du gaz ou une autre substance facultaire liée à la récupération de pétrole ou de gaz naturel, (iv) pour le forage ou la conversion d’un puits au Canada en vue de trouver le niveau de fluide, les changements de pression ou d’autres facteurs dans un gisement de pétrole ou de gaz naturel; b) une dépense engagée par le contribuable pour le forage ou la remise en production d’un puits de pétrole ou de gaz au Canada après le début de la production tirée de ce puits; c) une dépense engagée par le contribuable, d’une part, avant le 17 novembre 1978 en vue d’amener au stade de la production une ressource minérale au Canada et, d’autre part, avant le début de la production en quantités commerciales raisonnables tirée de cette ressource minérale, y compris : (i) les frais de déblaiement, d’enlèvement des terrains de couverture et de dépouillement, (ii) les frais de creusage d’un puits de mine, la construction d’une galerie à flanc de coteau ou d’une autre entrée souterraine; J K L
Year-end, fiscal period (a) where the taxpayer is a corporation or a trust, (i) the taxpayer’s taxation year that would otherwise include the particular time shall be deemed to have ended immediately before the particular time and a new taxation year of the taxpayer shall be deemed to have begun at the particular time, and (ii) for the purpose of determining the taxpayer’s fiscal period after the particular time, the taxpayer shall be deemed not to have established a fiscal period before the particular time; (b) the taxpayer is deemed to have disposed, at the time (in this subsection referred to as the “time of disposition”) that is immediately before the time that is immediately before the particular time, of each property owned by the taxpayer, other than, if the taxpayer is an individual, (i) property that is a taxable Canadian property, Immigration (ii) property that is described in the inventory of a business carried on by the taxpayer in Canada at the time of disposition, (iii) property included in Class 14.1 of Schedule II to the Income Tax Regulations, in respect of a business carried on by the taxpayer in Canada at the time of disposition, and (iv) an excluded right or interest of the taxpayer, other than an interest described in paragraph (k) of the definition excluded right or interest in subsection (10), for proceeds equal to its fair market value at the time of disposition; Deemed acquisition (c) the taxpayer shall be deemed to have acquired at the particular time each property deemed by paragraph 128.1(1)(b) to have been disposed of by the taxpayer, at a cost equal to the proceeds of disposition of the property; Deemed dividend to immigrating corporation (c.1) If the taxpayer is a particular corporation that immediately before the time of disposition owned a share of the capital stock of another corporation resident in Canada, a dividend is deemed to have been paid by the other corporation, and received by the particular corporation, immediately before the time of disposition, equal to the amount, if any, by which the fair market value of the share immediately before the time of disposition exceeds the total of (i) the paid-up capital in respect of the share immediately before the time of disposition, and (ii) if the share immediately before the time of disposition was taxable Canadian property that is not treaty-protected property, the amount by which, at the time of disposition, the fair market value of the share exceeds its cost amount; Deemed dividend to shareholder of immigrating corporation (c.2) If the taxpayer is a corporation and an amount has been added to the paid-up capital in respect of a class of shares of the corporation’s capital stock because of paragraph (2)(b), (i) the corporation is deemed to have paid, immediately before the time of disposition, a dividend on the issued shares of the class equal to the amount of the paid-up capital adjustment in respect of the class, and (iii) a dividend is deemed to have been received, immediately before the time of disposition, by each person (other than a person in respect of whom the corporation is a foreign affiliate) who held any of the issued shares of the class equal to that proportion of the dividend so deemed to have been paid that the number of shares of the class held by the person immediately before the time of disposition is of the number of issued shares of the class outstanding immediately before the time of disposition; Foreign affiliate dumping — immigrating corporation (c.3) If the taxpayer is a corporation that was, immediately before the particular time, controlled by one non-resident person or, if no single non-resident person controlled the CRIC, a group of non-resident persons not dealing with each other at arm’s length (in this section, that one non-resident person, or each member of the group of non-resident persons, as the case may be, is referred to as a “parent”, and the group of non-resident persons, if any, is referred to as the “group of parents”) and the taxpayer owned, immediately before the particular time, one or more shares of one or more non-resident corporations (each of which is in this paragraph referred to as a “subject affiliate”) that, immediately after the particular time, were — or that became, as part of a transaction or event or series of transactions or events that includes the taxpayer having become resident in Canada — foreign affiliates of the taxpayer, then (i) in computing the paid-up capital, at any time after the time that is immediately after the particular time, of any particular class of shares of the capital stock of the taxpayer there is to be deducted the amount determined by the formula A is the lesser of (A) the paid-up capital in respect of all of the shares of the capital stock of the taxpayer at the time that is immediately after the particular time, and (B) the total of all amounts each of which is the fair market value at the particular time of (I) a share of the capital stock of a subject affiliate owned by the taxpayer at the particular time, or Changes in Residence (iii) an amount owing by the subject affiliate to the taxpayer at the particular time, B is the paid-up capital in respect of the particular class of shares of the capital stock of the taxpayer at the time that is immediately after the particular time, and C is the paid-up capital in respect of all the shares of the capital stock of the taxpayer at the time that is immediately after the particular time, (ii) for the purposes of Part XIII, the taxpayer is deemed, immediately after the particular time, to have paid to each parent, and each parent is deemed, immediately after the particular time, to have received from the taxpayer, a dividend in an amount determined by the formula A is the amount determined under clause (B) of the description of A in subparagraph (i), B is the amount determined under clause (A) of the description of A in subparagraph (i), C is the fair market value, immediately after the particular time, of the shares of the capital stock of the taxpayer that are held, directly or indirectly, by the parent, and D is the total of all amounts each of which is the fair market value, immediately after the particular time, of the shares of the capital stock of the taxpayer that are held, directly or indirectly, by a parent. Foreign affiliate (d) where the taxpayer was, immediately before the particular time, a foreign affiliate of another taxpayer that is resident in Canada, (i) the affiliate is deemed to have been a controlled foreign affiliate of the other taxpayer immediately before the particular time, and (ii) the prescribed amount is to be included in the foreign accrual property income of the affiliate for its taxation year that ends immediately before the particular time. (1.1) Paragraph (1)(b) does not apply, at a time in a trust’s particular taxation year, to the trust if the trust is resident in Canada for the particular taxation year for the purpose of computing its income. Trusts and partnerships look-through rule (1.2) For the purposes of this subsection and paragraph (1)(c.1), if at any time shares of the capital stock of a corporation resident in Canada are owned by a trust or a partnership (each referred to in this subsection as a “conduit”), each person or partnership with an interest as a beneficiary under the conduit or that is a member of the conduit (each referred to in this subsection as a “holder”), as the case may be, is deemed to own the shares of each class of the capital stock of the corporation that are owned by the conduit the number of which is determined by the formula A is the total number of shares of the class of the capital stock of the corporation that is owned by the conduit at that time; B is the fair market value, at that time, of the holder’s interest in the conduit; and C is the total fair market value, at that time, of all interests in the conduit.
c.1) une dépense ou une partie de dépense, qui ne représente pas des frais d’exploration au Canada, engagée par le contribuable en vue d’amener une nouvelle mine, située dans une ressource minérale au Canada qui est un gisement de sables bitumineux ou de schiste bitumineux, au stade de la production, mais avant l’entrée en production de cette mine en quantités commerciales raisonnables; sont compris parmi ces dépenses les frais de déblaiement, d’enlèvement des terrains de couverture, de dépouillement et de construction d’une voie d’entrée;
If a corporation becomes resident in Canada at a particular time, (a) for the purposes of subsection (1) and this subsection, the paid-up capital adjustment in respect of a particular class of shares of the corporation’s capital stock in respect of that acquisition of residence is the positive or negative amount determined by the formula A is the amount, if any, by which (ii) the total of all amounts each of which is an amount deemed by paragraph (1)(c) to be the cost to the corporation of property deemed under that paragraph to have been acquired by the corporation at the particular time (iii) the total of all amounts each of which is the amount of a debt owing by the corporation, or any other obligation of the corporation to pay an amount, that is outstanding at the particular time, B is the fair market value at the particular time of all of the shares of the particular class, C is the total of all amounts each of which is the fair market value at the particular time of all of the shares of a class of shares of the corporation’s capital stock, and D is the paid-up capital at the particular time, determined without reference to this subsection, in respect of the particular class; and (b) for the purposes of this Act, in computing the paid-up capital in respect of a class of shares of the corporation’s capital stock at any time after the particular time and before the time, if any, at which the corporation next becomes resident in Canada, there shall be (i) added the amount of the paid-up capital adjustment in respect of the particular class, if that amount is positive and the corporation so elects for all such classes in respect of that acquisition of residence by notifying the Minister in writing within 90 days after the particular time, and (ii) deducted, if the amount of the paid-up capital adjustment in respect of the particular class is negative, the absolute value of that amount.
c.2) toute dépense ou partie de dépense, ne représentant pas des frais d’exploration au Canada, engagée par le contribuable après le 20 mars 2013 en vue d’amener une nouvelle mine, située dans une ressource minérale au Canada, sauf un gisement de sables bitumineux ou de schiste bitumineux, au stade de la production, mais avant l’entrée en production de cette mine en telles quantités; sont compris parmi ces dépenses les frais de déblaiement, d’enlèvement des terrains de couverture, de dépouillement, de creusage d’un puits de mine ou d’une entrée souterraine et de forage de puits pour l’extraction de pétrole et de gaz de schistes ou de saumures; d) une dépense (à l’exclusion d’un montant inclus dans le coût en capital de biens amortissables) engagée par le contribuable après 1987 en vue de, selon le cas : (i) creuser un puits de mine, une voie principale de roulage ou d’autres travaux souterrains semblables destinés à un usage continu, creusés ou construits après l’entrée en production d’une mine située dans une ressource minérale au Canada, (ii) prolonger ces puits, voies ou travaux visés au sous-alinéa (i), (iii) forer ou achever un puits pour l’extraction de lithium à partir de saumures au Canada après l’entrée en production de la mine; e) le coût pour lui d’un bien visé aux alinéas b), e) ou f) de la définition de avoir minier canadien au paragraphe 66(15) ou d’un droit sur un tel bien — sauf celui-ci ou, pour l’application du droit civil, d’un droit relatif à celui-ci — sauf un droit ou intérêt qu’il détient en tant que bénéficiaire d’une fiducie ou associé d’une société de personnes —, y compris tout paiement fait pour préserver les droits du contribuable à l’égard d’un tel bien ou droit ou intérêt; Income Tax PART I Income Tax DIVISION B Computation of Income
In computing the paid-up capital at any time in respect of a class of shares of the capital stock of a corporation (a) there is to be deducted an amount equal to the lesser of A and B, and added an amount equal to the lesser of A and C, where A is the absolute value of the difference between Changes in Residence (i) the total of all amounts deemed by subsection 84(3), (4) or (4.1) to be a dividend on shares of the class paid before that time by the corporation, and (ii) the total that would be determined under subparagraph (i) if this Act were read without reference to subsection (2), B is the total of all amounts required by subsection (2) to be added in computing the paid-up capital in respect of the class before that time, and C is the total of all amounts required by subsection (2) to be deducted in computing the paid-up capital in respect of the class before that time; and (b) there is to be added an amount equal to the lesser of (i) the amount, if any, by which (A) the total of all amounts deemed by subsection 84(3), (4) or (4.1) to be a dividend on shares of the class paid after March 28, 2012 and before that time by the corporation (B) the total that would be determined under clause (A) if this Act were read without reference to subparagraph (c.3)(i), and (ii) the total of all amounts required by subparagraph (c.3)(i) to be deducted in computing the paid-up capital in respect of the class before that time.
(ii) in any other case, the amount determined at the particular time under subparagraph 66.7(5)(a)(i) in respect of the original disposition exceeds (c) where nil f) sous réserve de l’article 66.8, sa part d’une dépense visée à l’un des alinéas a) à e) qu’une société de personnes a engagée au cours d’un de ses exercices à la fin duquel le contribuable en était un associé, sauf si le contribuable fait un choix à l’égard de cette part en la forme et selon les modalités réglementaires au plus tard six mois après la fin de son année d’imposition au cours de laquelle cette exercice prend fin; g) un coût ou une dépense visés à l’un des alinéas a) à e) engagés par le contribuable conformément à une convention écrite conclue avec une société avant 1987 et par laquelle le contribuable s’engage à couvrir une dépense qu’en paiement d’actions de la société — à l’exclusion des actions avec droit de vote — émises en sa faveur ou d’intérêts ou de droits sur de telles actions ou, pour l’application du droit civil, de droits relatifs à de telles actions; il est entendu toutefois que le terme ne vise pas : h) une contrepartie donnée par le contribuable pour une action — ou un intérêt ou droit sur celle-ci ou, pour l’application du droit civil, un droit relatif à celle-ci — sauf dans le cas prévu à l’alinéa g); i) frais d’aménagement au Canada engagés par cet autre contribuable, en vertu de cet alinéa, (ii) frais d’exploration au Canada engagés par cet autre contribuable, en vertu de l’alinéa i) de la définition de frais d’exploration au Canada au paragraphe 66.1(6), (iii) frais à l’égard de biens canadiens relatifs au pétrole et au gaz engagés par cet autre contribuable, en vertu de l’alinéa c) de la définition de frais à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe 66.4(5); j) une dépense qui représente le coût ou une partie du coût, pour le contribuable, d’un bien amortissable d’une catégorie prescrite et qui a été acquis après 1987; j) un montant inclus dans le coût en capital, pour le contribuable, d’un bien amortissable d’une catégorie prescrite; k) la part revenant au contribuable d’une contrepartie, de l’une dépense ou d’un coût, visé à l’un des alinéas h) à j), donné ou engagé par une société de personnes; N O is the total of all amounts that are required to be deducted before that time under paragraph 66.7(12)(c) in computing the taxpayer’s cumulative Canadian development expense. (frais cumulatifs d’aménagement au Canada) cependant aucun montant à titre d’aide qu’un contribuable a reçu ou est en droit de recevoir après le 25 mai 1976 concernant ses frais d’aménagement au Canada ou s’y rapportant ne peut réduire une dépense visée à l’un des alinéas a) à g). (Canadian development expense) frais d’aménagement au Canada accélérés Relativement à un contribuable, tout ou partie d’une dépense qui est engagée par le contribuable au cours d’une année d’imposition et qui, à la fois : a) constitue, au moment où il est engagé, des frais d’aménagement au Canada et n’est : (i) ni une dépense à l’égard de laquelle le contribuable est une société remplaçante au sens du paragraphe 66.7(4), (ii) ni un coût relatif à un avoir minier canadien dont il est le contribuable, ou un coût relatif à un avoir minier canadien, associé à acquis d’une personne morale et se rapportant à une telle dépense indépendante; b) est engagé après le 20 novembre 2018 et avant 2028, mais n’est pas une dépense réputée avoir été engagée le 31 décembre 2027 par l’effet du paragraphe 66.1(2.66); c) si les frais d’aménagement au Canada sont réputés être des frais d’aménagement au Canada engagés par le contribuable par l’effet de l’alinéa 66.1(6.3)a), est un montant ayant fait l’objet d’une renonciation aux termes d’un convenu conclu après le 20 novembre 2018. (accelerated Canadian development expense) Application of ss. 66(15), 66.1(6) and 66.4(5) (5.1) The definitions in subsections 66(15), 66.1(6) and 66.4(5) apply to this section. Application des par. 66(15), 66.1(6) et 66.4(5) (5.1) Les définitions figurant aux paragraphes 66(15), 66.1(6) et 66.4(5) s’appliquent au présent article. Part d’un associé
For the purposes of this Act, where at a particular time a taxpayer ceases to be resident in Canada, Year-end, fiscal period (a) where the taxpayer is a corporation or a trust, (i) the taxpayer’s taxation year that would otherwise include the particular time shall be deemed to have ended immediately before the particular time and a new taxation year of the taxpayer shall be deemed to have begun at the particular time, and (ii) for the purpose of determining the taxpayer’s fiscal period after the particular time, the taxpayer shall be deemed not to have established a fiscal period before the particular time; Changes in Residence (a.1) if the taxpayer is an individual (other than a trust) and carries on a business at the particular time, otherwise than through a permanent establishment (as defined by regulation) in Canada, (i) the fiscal period of the business is deemed to have ended immediately before the particular time and a new fiscal period of the business is deemed to have begun at the particular time, and (ii) for the purpose of determining the fiscal period of the business after the particular time, the taxpayer is deemed not to have established a fiscal period of the business before the particular time; (b) the taxpayer is deemed to have disposed, at the time (in this paragraph and paragraph (d) referred to as the “time of disposition”) that is immediately before the time that is immediately before the particular time, of each property owned by the taxpayer other than, if the taxpayer is an individual, (i) real or immovable property situated in Canada, a Canadian resource property or a timber resource property, (ii) capital property used in, property included in Class 14.1 of Schedule II to the Income Tax Regulations in respect of or property described in the inventory of, a business carried on by the taxpayer through a permanent establishment (as defined by regulation) in Canada at the particular time, (iii) an excluded right or interest of the taxpayer, (iv) if the taxpayer is not a trust and was not, during the 120-month period that ends at the particular time, resident in Canada for more than 60 months, property that was owned by the taxpayer at the time the taxpayer last became resident in Canada or that was acquired by the taxpayer by inheritance or bequest after the taxpayer last became resident in Canada, and (v) any property in respect of which the taxpayer elects under paragraph (6)(a) for the taxation year that includes the first time, after the particular time, at which the taxpayer becomes resident in Canada, for proceeds equal to its fair market value at the time of disposition, which proceeds are deemed to have become receivable and to have been received by the taxpayer at the time of disposition; Employee life and health trust (b.1) notwithstanding paragraph (b), if the taxpayer is or was at any time an employee life and health trust, (i) the taxpayer is deemed (A) to have disposed, at the time (in this paragraph referred to as the “time of disposition”) that is immediately before the time that is immediately before the particular time, of each property owned by the taxpayer for proceeds equal to its fair market value at the time of disposition, which proceeds are deemed to have become receivable and to have been received by the taxpayer at the time of disposition, and (B) to have carried on a business at the time of disposition, and (ii) each property of the taxpayer is deemed (A) to have been described in the inventory of the business referred to in clause (i)(B), and (B) to have a cost of nil at the time of disposition; (c) the taxpayer is deemed to have reacquired, at the particular time, each property deemed by paragraph (b) or (b.1) to have been disposed of by the taxpayer, at a cost equal to the proceeds of disposition of the property; (d) notwithstanding paragraphs (b) to (c), if the taxpayer is an individual (other than a trust) and so elects in prescribed form and manner in respect of a property described in subparagraph (b)(i) or (ii), (i) the taxpayer is deemed to have disposed of the property at the time of disposition for proceeds equal to its fair market value at that time and to have reacquired the property at the particular time at a cost equal to those proceeds, (ii) the taxpayer’s income for the taxation year that includes the particular time is deemed to be the greater of (A) that income determined without reference to this subparagraph, and (I) that income determined without reference to this subsection, and Nouvelle acquisition (II) that income determined without reference to subparagraph (i), and (iii) each of the taxpayer’s non-capital loss, net capital loss, restricted farm loss, farm loss and limited partnership loss for the taxation year that includes the particular time is deemed to be the lesser of (A) that amount determined without reference to this subparagraph, and (I) that amount determined without reference to this subsection, and (II) that amount determined without reference to subparagraph (i); and Employee CCPC stock option shares (d.1) If the taxpayer is deemed by paragraph (b) to have disposed of a share that was acquired before February 28, 2000 under circumstances to which subsection 7(1.1) applied, there shall be deducted from the taxpayer’s proceeds of disposition the amount that would, if section 7 were read without reference to subsection 7(1.6), be added under paragraph 53(1)(j) in computing the adjusted cost base to the taxpayer of the share as a consequence of the deemed disposition. Instalment interest
Pour l’application de la présente loi et sauf disposition contraire au paragraphe (7), la part d’un contribuable — associé d’une société de personnes — sur un montant qui, sans l’alinéa 96(1)d), serait visé à l’élément F de la formule figurant à la définition de frais cumulatifs d’aménagement au Canada au paragraphe (5), à l’alinéa (a) de l’élément F de cette formule ou aux éléments G ou M de cette formule quant à la société de personnes pour une année d’imposition est réputée être un montant visé à cet élément F, cet alinéa (a) de l’élément F ou ces éléments G ou M, selon le cas, quant au contribuable pour son année d’imposition au cours de laquelle l’année d’imposition de la société de personnes prend fin. Exception Prescription [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1985, c. 1 (5th Supp.), s. 1266; 1986, c. 6, s. 85; 1990, c. 39, s. 4; 1994, c. 7, Sch. II, s. 2; 1995, c. 21, s. 33; 1997, c. 25, s. 15; 2001, c. 17, s. 246, c. 24, s. 15; 2013, c. 34, ss. 113, 210; 2014, c. 39, s. 52; 2019, c. 29, s. 5; 2024, c. 15, s. 13. Definitions Income Tax PART I Income Tax DIVISION B Computation of Income
If an individual is deemed by subsection (4) to have disposed of a property in a taxation year, in applying sections 155 and 156 and subsections 156.1(1) to (3) and 161(2), (4) and (4.01) and any regulations made for the purposes of those provisions, the individual’s total tax payable under this Part for the year is deemed to be the lesser of (a) the individual’s total tax payable under this Part for the year, determined before taking into consideration the specified future tax consequences for the year, and Changes in Residence (b) the amount that would be determined under paragraph (a) if subsection (4) did not apply to the individual for the year. Returning former resident
exceeds (adjusted cumulative foreign resource expense) (A + A.1 + B + C + D) – (E + F + G + H + I + J) where (a) before the particular time, and exceeds F le total des montants représentant chacun un montant relatif à un avoir minier étranger à l’égard du pays (appelé « bien donné » au présent élément) dont le contribuable a disposé, égal à l’excédent éventuel du montant visé à l’alinéa b) sur le montant visé à l’alinéa b : a) le montant indiqué par le contribuable en application du sous-alinéa 59(1)(b)(ii) au titre de la partie du produit de cette disposition qui est devenue à recevoir avant le moment donné et à un moment de résidence; b) l’excédent éventuel du total suivant : (i) le total des montants qui seraient déterminés selon l’alinéa 66.7(2.3)a), immédiatement avant le moment (appelé « moment déterminé » au présent alinéa) où le produit de disposition en question est devenu à recevoir, relativement au contribuable, au pays et à un propriétaire obligé du bien donné (ou de tout autre bien acquis par le contribuable en même temps que le bien donné dans les circonstances visées au paragraphe 66.7(2.3) et pour lequel le produit de disposition est devenu à recevoir au moment déterminé) si, à la fois : (A) il n’était pas tenu compte des montants devenus à recevoir au moment déterminé ou postérieurement, (B) il n’était pas tenu compte du passage « 30 % de » à l’alinéa 66.7(2.3)a), (C) il n’était pas tenu compte d’une réduction effectuée en application du paragraphe 80(8) au moment déterminé ou postérieurement, sur la somme des montants suivants : (ii) les montants qui seraient déterminés selon l’alinéa 66.7(2.3)a) au moment déterminé relativement au contribuable, au pays et à un propriétaire obligé du bien donné (ou de l’autre bien visé au sous-alinéa (i)), si, à la fois : (A) il n’était pas tenu compte des montants devenus à recevoir après le moment déterminé, (B) il n’était pas tenu compte du passage « 30 % de » à l’alinéa 66.7(2.3)a), (C) il n’était pas tenu compte d’une réduction effectuée en application du paragraphe 80(8) au moment déterminé ou postérieurement. J is the total of all amounts each of which is an amount that is required to be deducted, before the particular time and at a resident time, under paragraph 66.7(13.1)(a) in computing the taxpayer’s cumulative foreign resource expense. (frais cumulatifs relatifs à des ressources à l’étranger) (i) prospecting, (ii) carrying out geological, geophysical or geochemical surveys, (iii) la partie du montant déterminé par ailleurs selon le présent alinéa qui a été appliquée par ailleurs en réduction du montant déterminé par ailleurs selon le présent élément; G le total des montants, relatifs au pays, représentant chacun un montant inclus dans le montant déterminé selon le présent alinéa par l’effet du paragraphe 66(12.41) qui est devenu à recevoir par le contribuable avant le moment donné et à un moment de résidence; H le total des montants représentant chacun un montant reçu avant le moment donné et à un moment de résidence au titre d’un montant mentionné à l’élément C; I le total des montants représentant chacun un montant qui, par l’effet du paragraphe 80(8), est à réduire, ou antérieurement ou au moment de résidence, en réduction des frais cumulatifs relatifs à des ressources à l’étranger du contribuable. (cumulative foreign resource expense) J le total des montants représentant chacun un montant qui, selon l’alinéa 66.7(13.1)a), est à déduire, ou antérieurement ou au moment de résidence, en réduction des frais cumulatifs relatifs à des ressources à l’étranger du contribuable. (cumulative foreign resource expense) frais relatifs à des ressources à l’étranger S’agissant des frais relatifs à des ressources à l’étranger d’un contribuable par rapport à un pays étranger, la somme des montants suivants : a) les frais de forage ou d’exploration, y compris les frais généraux d’étude géologique ou géophysique, qu’il a engagés pour l’exploration ou le forage faits en vue de la découverte de pétrole ou de gaz naturel dans le pays; b) les frais qu’il a engagés en vue de déterminer l’existence, la localisation, l’étendue ou la qualité d’une ressource minérale se trouvant dans le pays, y compris : (i) les frais de prospection, (ii) les frais d’étude géologique, géophysique ou géochimique, (iii) les frais de forage au moyen d’un appareil rotatif ou à diamant, par battage ou d’autres méthodes, (iv) les frais de creusage de tranchées, de creusage de trous d’exploration et d’échantillonnage préliminaire; Income Tax PART I Income Tax DIVISION B Computation of Income
If an individual (other than a trust) becomes resident in Canada at a particular time in a taxation year and the last time (in this subsection referred to as the “emigration time”) before the particular time, at which the individual ceased to be resident in Canada was after October 1, 1996, (a) subject to paragraph (b), if the individual so elects in writing and files the election with the Minister on or before the individual’s filing-due date for the year, paragraphs (4)(b) and (c) do not apply to the individual’s cessation of residence at the emigration time in respect of all properties that were taxable Canadian properties of the individual throughout the period that began at the emigration time and that ends at the particular time; (b) where a property in respect of which an election under paragraph (a) is made had been acquired by the individual at the emigration time at a cost equal to its fair market value at the emigration time and had been disposed of by the individual immediately before the particular time for proceeds of disposition equal to its fair market value immediately before the particular time, the application of subsection 40(3.7) would reduce the amount that would, but for that subsection and this subsection, be the individual’s loss from the disposition, (i) if the individual is deemed to have disposed of the property at the time of disposition (within the meaning assigned by paragraph (4)(b)) in respect of the emigration time for proceeds of disposition equal to the total of (A) the adjusted cost base to the individual of the property immediately before the time of disposition, and (B) the amount, if any, by which that reduction exceeds the lesser of (I) the adjusted cost base to the individual of the property immediately before the time of disposition, and (II) the amount, if any, that the individual specifies for the purposes of this paragraph in the election under paragraph (a) in respect of the property, (ii) the individual is deemed to have reacquired the property at the emigration time at a cost equal to the amount, if any, by which the amount determined under clause (i)(A) exceeds the lesser of that reduction and the amount specified by the individual under subclause (i)(B)(II), and (iii) for the purpose of section 119, the individual is deemed to have disposed of the property immediately before the particular time; (c) if the individual so elects in writing and files the election with the Minister on or before the individual’s filing-due date for the year, in respect of each property that the individual owned throughout the period that began at the emigration time and that ends at the particular time and that is deemed by paragraph (1)(b) to have been disposed of because the individual became resident in Canada, notwithstanding paragraphs (1)(c) and (4)(b) the individual’s proceeds of disposition at the time of disposition (within the meaning assigned by paragraph (4)(b)), and the individual’s cost of acquiring the property at the particular time, are deemed to be those proceeds and that cost, determined without reference to this paragraph, minus the least of (i) the amount that would, but for this paragraph, have been the individual’s gain from the disposition of the property deemed by paragraph (4)(b) to have occurred, (ii) the fair market value of the property at the particular time, and (iii) the amount that the individual specifies for the purposes of this paragraph in the election; and (d) notwithstanding subsections 152(4) to (5), any assessment of tax that is payable under this Act by the individual for any taxation year that is before the year that includes the particular time and that is not before the year that includes the emigration time shall be made that is necessary to take an election under this subsection into account, except that no such assessment shall affect the computation of (i) interest payable under this Act to or by a taxpayer in respect of any period that is before the day on which the taxpayer’s return of income for the taxation year that includes the particular time is filed, or (ii) any penalty payable under this Act. Deemed taxable Canadian property (6.1) For the purposes of paragraph (6)(a), a property is deemed to be taxable Canadian property of the individual throughout the period that began at the emigration time and that ends at the particular time if (a) the emigration time is before March 5, 2010; and (b) the property was taxable Canadian property of the individual on March 4, 2010. (a) becomes resident in Canada at a particular time in a taxation year, (b) owns at the particular time a property that the individual last acquired on a trust distribution to which subsection 107(2) would, but for subsection 107(5), have applied and at a time (in this subsection referred to as the “distribution time”) that was after October 1, 1996 and before the particular time, and (c) was a beneficiary of the trust at the last time, before the particular time, at which the individual ceased to be resident in Canada, the following rules apply: (d) subject to paragraphs (e) and (f), if the individual and the trust jointly so elect in writing and file the election with the Minister on or before the earlier of their filing-due dates for their taxation years that include the particular time, subsection 107(2.1) does not apply to the distribution in respect of all properties acquired by the individual on the distribution that were taxable Canadian properties of the individual throughout the period that began at the distribution time and that ends at the particular time, (e) paragraph (f) applies in respect of the individual, the trust and a property in respect of which an election under paragraph (d) is made where, if the individual (i) had been resident in Canada at the distribution time, (ii) had acquired the property at the distribution time at a cost equal to its fair market value at that time, (iii) had ceased to be resident in Canada immediately after the distribution time, and (iv) had, immediately before the particular time, disposed of the property for proceeds of disposition equal to its fair market value immediately before the particular time, the application of subsection 40(3.7) would reduce the amount that would, but for that subsection and this subsection, have been the individual's loss from the disposition, (f) where this paragraph applies in respect of an individual, a trust and a property, (i) notwithstanding paragraph 107.2(1)(a), the trust is deemed to have disposed of the property at the distribution time for proceeds of disposition equal to the total of (A) the cost amount to the trust of the property immediately before the distribution time, and (B) the amount, if any, by which the reduction under subsection 40(3.7) described in paragraph (e) exceeds the lesser of (I) the cost amount to the trust of the property immediately before the distribution time, and (II) the amount, if any, which the individual and the trust jointly specify for the purposes of this paragraph in the election under paragraph (g) in respect of the property, and (ii) notwithstanding paragraph 107.2(1)(b), the individual is deemed to have acquired the property at the distribution time at a cost equal to the amount, if any, by which the amount otherwise determined under paragraph 107(2)(b) exceeds the lesser of the reduction under subsection 40(3.7) described in paragraph (e) and the amount specified under subclause (i)(B)(II), (g) if the individual and the trust jointly so elect in writing and file the election with the Minister on or before the later of their filing-due dates for their taxation years that include the particular time, in respect of each property that the individual owned throughout the period that began at the distribution time and that ends at the particular time and that is deemed by paragraph (1)(b) to have been disposed of because the individual became resident in Canada, notwithstanding paragraphs 107.2(1)(a) and (b), the trust's proceeds of disposition under paragraph 107.2(1)(a) at the distribution time, and the individual's cost of acquiring the property at the particular time, are deemed to be those proceeds and that cost determined without reference to this paragraph, minus the least of (i) the amount that would, but for this paragraph, have been the trust's gain from the disposition of the property deemed by paragraph 107(2.1)(a) to have occurred, (ii) the fair market value of the property at the particular time, and (iii) the amount that the individual and the trust jointly specify for the purposes of this paragraph in the election, (h) if the trust ceases to exist before the individual's filing-due date for the individual's taxation year that includes the particular time, (i) an election or specification described in this subsection may be made by the individual alone in writing if the election is filed with the Minister on or before that filing-due date, and (ii) if the individual alone makes such an election or specification, the individual and the trust are jointly and severally, or solidarily, liable for any amount payable under this Act by the trust as a result of the election or specification, and (i) notwithstanding subsections 152(4) to (5), such assessment of tax payable under the Act by the trust or the individual for any year that is before the year that includes the particular time and that is not before the year that includes the distribution time shall be made as is necessary to take an election under this subsection into account, except that no such assessment shall affect the computation of (i) interest payable under this Act to or by the trust or the individual in respect of any period that is before the individual's filing-due date for the taxation year that includes the particular time, or (ii) any penalty payable under this Act. Post-emigration loss (a) was deemed by paragraph (4)(b) to have disposed of a capital property at any particular time after October 1, 1996, (b) has disposed of the property at a later time at which the property was a taxable Canadian property of the individual, and (c) so elects in writing in the individual’s return of income for the taxation year that includes the later time, there shall, except for the purpose of paragraph (4)(c), be deducted from the individual’s proceeds of disposition of the property at the particular time, and added to the individual’s proceeds of disposition of the property at the later time, an amount equal to the least of (e) the amount that would, but for the election, be the individual’s gain from the disposition of the property at the particular time, and (f) the amount that would be the individual’s loss from the disposition of the property at the later time, if the loss were determined having reference to every other provision of this Act including, for greater certainty, subsection 40(3.7) and section 112, but without reference to the election. Information reporting
Impôt sur le revenu
An individual who ceases at a particular time in a taxation year to be resident in Canada, and who owns immediately after the particular time one or more reportable properties the total fair market value of which at the particular time is greater than $25,000, shall file with the Minister in prescribed form, on or before the individual’s filing-due date for the year, a list of all the reportable properties that the individual owned immediately after the particular time.
The definitions in this subsection apply in this section. excluded right or interest of a taxpayer who is an individual means (a) a right of the individual under, or an interest of the individual in a trust governed by, (i) a registered retirement savings plan or a plan referred to in subsection 146(12) as an “amended plan”, (iv) a deferred profit sharing plan or a plan referred to in subsection 147(15) as a “revoked plan”, (vi) an employee benefit plan (other than a plan described in subparagraph (b)(i) or (ii)), (vii) a plan or arrangement (other than an employee benefit plan) under which the individual has a right to receive in a year remuneration in respect of services rendered by the individual in the year or a prior year, (viii) a superannuation or pension fund or plan (other than an employee benefit plan), (b) a right of the individual to a benefit under an employee benefit plan that is (i) a plan or arrangement described in paragraph (j) of the definition salary deferral arrangement in subsection 248(1) that would, but for paragraphs (j) and (k) of that definition, be a salary deferral arrangement, or (ii) a plan or arrangement that would, but for paragraph 6801(c) of the Income Tax Regulations, be a salary deferral arrangement, to the extent that the benefit can reasonably be considered to be attributable to services rendered by the individual in Canada; (c) a right of the individual under an agreement referred to in subsection 7(1); (e) a right of the individual under, or an interest of the individual in, a trust that is (ii) an amateur athlete trust, (iii) a cemetery care trust, or (iv) a trust governed by an eligible funeral arrangement; (f) a right of the individual to receive a payment under (i) an annuity contract, or (i) the Canada Pension Plan or a provincial pension plan as defined in section 3 of that Act, (ii) the Old Age Security Act, or (iv) a plan or arrangement instituted by the social security legislation of a country other than Canada or of a state, province or other political subdivision of such a country; (i) a right of the individual to a payment out of a NISA Fund No. 2; (j) an interest of the individual in a personal trust resident in Canada if the interest was never acquired for consideration and did not arise as a consequence of a qualifying disposition by the individual (within the meaning that would be assigned by subsection 107.4(1) if that subsection were read without reference to paragraphs 107.4(1)(h) and (i)); (k) an interest of the individual in a non-resident testamentary trust that is an estate that arose on and as a consequence of a death if Changes in Residence (i) the interest was never acquired for consideration, and (ii) the estate has been in existence for no more than 36 months; or (l) an interest of the individual in a life insurance policy in Canada, except for that part of the policy in respect of which the individual is deemed by paragraph 138.1(1)(e) to have an interest in a related segregated fund trust. (droit, participation ou intérêt exclu) reportable property of an individual at a particular time means any property other than (a) money that is legal tender in Canada and deposits of such money; (b) property that would be an excluded right or interest of the individual if the definition excluded right or interest in this subsection were read without reference to paragraphs (c), (g) and (l) of that definition; (c) if the individual is not a trust and was not, during the 120-month period that ends at the particular time, resident in Canada for more than 60 months, any property described in subparagraph (4)(b)(iv) that is not taxable Canadian property; and
Where a corporation formed at a particular time by the amalgamation or merger of, or by a plan of arrangement or other corporate reorganization in respect of, 2 or more corporations is at the particular time not resident in Canada, a predecessor that was immediately before the particular time resident in Canada shall be deemed to have ceased to be resident in Canada immediately before the particular time.
c) le coût, pour lui, de ses avoirs miniers étrangers à l’égard du pays; d) un versement annuel qu’il fait pour préserver un avoir minier étranger à l’égard du pays; e) sous réserve de l’article 66.8, sa part des frais, du coût ou des versements mentionnés aux alinéas a) à d) qu’une société de personnes a engagés ou effectués au cours d’un de ses exercices commençant après 2000, s’il était un associé de cette société de personnes à la fin de cet exercice. Ne sont pas des frais relatifs à des ressources à l’étranger : f) une dépense qui représente le coût ou une partie du coût, pour le contribuable, d’un bien amortissable d’une catégorie prescrite; g) une dépense engagée après l’entrée en production d’un avoir minier étranger du contribuable en vue d’évaluer la valeur pratique d’une méthode de récupération du pétrole, du gaz naturel ou d’hydrocarbures connexes de la partie d’un réservoir naturel à laquelle l’avoir se rapporte; h) une dépense (sauf une dépense de forage) engagée après l’entrée en production d’un avoir minier étranger du contribuable en vue de faciliter la récupération du pétrole, du gaz naturel ou d’hydrocarbures connexes de la partie d’un réservoir naturel à laquelle l’avoir se rapporte; i) une dépense engagée relativement à l’injection d’une substance en vue de faciliter la récupération du pétrole, du gaz naturel ou d’hydrocarbures connexes d’un réservoir naturel; j) une dépense engagée par le contribuable, sauf si elle a été faite, selon le cas : (i) en vue de l’acquisition d’un avoir minier étranger par le contribuable, (ii) en vue : (A) soit d’accroître la valeur d’un avoir minier étranger dont le contribuable était propriétaire au moment où la dépense a été engagée ou dont il pouvait raisonnablement s’attendre à être propriétaire après ce moment, (B) soit d’aider à déterminer s’il y a lieu que le contribuable acquière un avoir minier étranger; (k) the taxpayer's share of any cost or expenditure referred to in any of paragraphs (f) to (j) that is incurred by a partnership. (frais relatifs à des ressources à l’étranger) exceeds k) la part revenant au contribuable d’un coût ou d’une dépense mentionnée à l’un des alinéas f) à j) qui est engagée par une société de personnes. (foreign resource expense) limite globale des frais relatifs à des ressources à l’étranger En ce qui concerne un contribuable pour une année d’imposition, le moins élevé des montants suivants : a) l’excédent éventuel du montant suivant : (i) le montant déterminé selon le sous-alinéa 66(4)b)(ii) relativement au contribuable pour l’année, sur le moins des montants suivants : (ii) le total des montants représentant chacun, à la fin de l’année, les frais cumulatifs relatifs à des ressources à l’étranger du contribuable se rapportant à un pays, (iii) le montant déduit pour l’année en application du paragraphe 66(4) dans le calcul de son revenu pour l’année; b) l’excédent éventuel du montant visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii): (i) 30 % du total des montants représentant chacun, à la fin de l’année, les frais cumulatifs relatifs à des ressources à l’étranger du contribuable se rapportant à un pays, (ii) le total visé au sous-alinéa a)(ii). (global foreign resource limit) perte résultant de ressources à l’étranger S’agissant de la perte résultant de ressources à l’étranger d’un contribuable pour une année d’imposition se rapportant à un pays étranger, sa perte pour l’année se rapportant au pays, déterminée conformément à la définition de revenu provenant de ressources à l’étranger, avec les adaptations nécessaires. (foreign resource loss) revenu provenant de ressources à l’étranger S’agissant du revenu provenant de ressources à l’étranger d’un contribuable pour une année d’imposition se rapportant à un pays étranger, le somme des montants suivants : a) la partie du revenu du contribuable pour l’année, déterminé compte non tenu des paragraphes (4) et 66(4), qu’il est raisonnable d’attribuer : Income Tax PART I Income Tax DIVISION B Computation of Income
For greater certainty, subsections 128.2(1) and (2) do not apply to reorganizations occurring solely because of the acquisition of property of one corporation by another corporation, pursuant to the purchase of the property by the other corporation or because of the distribution of the property to the other corporation on the winding-up of the corporation. (NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.) 1994, c. 21, s. 62. Former resident — replaced shares
circumstances require. (perte résultant de ressources à l’étranger) exceeds (ii) the total described in subparagraph (a)(ii). (limite globale des frais relatifs à des ressources à l’étranger) Application of subsection 66(15) Impôt sur le revenu
Private Corporations Dividend refund to private corporation
(a) may, on sending the notice of assessment for the year, refund without application an amount (in this Act referred to as its “dividend refund” for the year) in respect of taxable dividends paid by the corporation on shares of its capital stock in the year, and at a time when it was a private corporation, equal to the total of Private Corporations (A) 38 1/3% of the total of all eligible dividends paid by it in the year, and (B) its eligible refundable dividend tax on hand at the end of the year, and (ii) in respect of taxable dividends (other than eligible dividends), an amount equal to the total of (I) 38 1/3% of the total of all taxable dividends (other than eligible dividends) paid by it in the year, and (II) its non-eligible refundable dividend tax on hand at the end of the year, and (I) if the amount determined under subclause (A)(I) exceeds the amount determined under subclause (A)(II), the lesser of
(II) in any other case, nil; and (b) shall, with all due dispatch, make the dividend refund after sending the notice of assessment if an application for it has been made in writing by the corporation within the period within which the Minister would be allowed (i) under subsection 152(4) to assess tax payable under this Part by the corporation for the year if that subsection were read without reference to paragraph 152(4)(a), or (ii) under subsection 152(4.3) to assess tax payable under Part IV by the corporation for the year if the Minister has assessed the corporation’s tax payable under that Part for the year under subsection 152(4.3.1). Dividends paid to bankrupt controlling corporation (1.1) In determining the dividend refund for a taxation year ending after 1977 of a particular corporation, no amount may be included under clause (1)(a)(i)(A), sub-clause (1)(a)(ii)(A)(I) or sub-subclause (1)(a)(ii)(B)(I) in respect of a taxable dividend paid to a shareholder that (a) was a corporation that controlled (within the meaning assigned by subsection 186(2)) the particular corporation at the time the dividend was paid; and (b) was a bankrupt at any time during that taxation year of the particular corporation. Dividends deemed not to be taxable dividends (1.2) Where a dividend is paid on a share of the capital stock of a corporation and the share (or another share for which the share was substituted) was acquired by its holder in a transaction or as part of a series of transactions one of the main purposes of which was to enable the corporation to obtain a dividend refund, the dividend shall, for the purpose of subsection 129(1), be deemed not to be a taxable dividend. Application to other liability
(i) soit à la production de pétrole ou de gaz naturel tiré de gisements naturels ou de puits de pétrole ou de gaz, situés dans le pays, (ii) soit à la production de minéraux provenant de mines situées dans le pays; b) le revenu du contribuable pour l’année tiré de redevances afférentes à un gisement naturel de pétrole ou de gaz naturel, à un puits de pétrole ou de gaz ou à une mine, situés dans le pays, déterminé compte non tenu des paragraphes (4) et 66(4); c) le total des montants représentant chacun un montant, afférent à un avoir minier étranger à l’égard du pays dont le contribuable a disposé, égal à l’excédent éventuel du montant visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii): (i) le montant inclus dans le calcul de son revenu pour l’année par l’effet du paragraphe 59(1) relativement à cette disposition, (ii) le total des montants représentant chacun la partie d’un montant déduit en application du paragraphe 66.7(2) relativement à ce revenu pour l’année. (A) d’une part, qu’il est raisonnable de considérer comme se rapportant à un avoir minier étranger, (B) d’autre part, qu’il n’est pas raisonnable de considérer comme ayant réduit le montant déterminé par ailleurs à son égard pour l’année selon l’alinéa a) ou b). (foreign resource income) Application du paragraphe 66(15)
Instead of making a refund that might otherwise be made under subsection 129(1), the Minister may, where the corporation is liable or about to become liable to make any payment under this Act, apply the amount that would otherwise be refundable to that other liability and notify the corporation of that action. (2.1) Where a dividend refund for a taxation year is paid to, or applied to a liability of, a corporation, the Minister shall pay or apply interest on the refund at the prescribed rate for the period beginning on the day that is the later of (a) the day that is 120 days after the end of the year, and (b) the day that is 30 days after the day on which the corporation’s return of income under this Part for the year was filed under section 150, unless the return was filed on or before the day on or before which it was required to be filed, and ending on the day on which the refund is paid or applied. Excess interest on dividend refund (2.2) Where, at any particular time, interest has been paid to, or applied to a liability of, a corporation under subsection 129(2.1) in respect of a dividend refund and it is determined at a subsequent time that the dividend refund was less than that in respect of which interest was so paid or applied, (a) the amount by which the interest that was so paid or applied exceeds the interest, if any, computed in respect of the amount that is determined at the subsequent time to be the dividend refund shall be deemed to be an amount (in this subsection referred to as the “amount payable”) that became payable under this Part by the corporation at the particular time; (b) the corporation shall pay to the Receiver General interest at the prescribed rate on the amount payable, computed from the particular time to the day of payment; and (c) the Minister may at any time assess the corporation in respect of the amount payable and, where the Minister makes such an assessment, the provisions of sections 3 and 5 apply, with such modifications as the circumstances require, in respect of the assessment as though it had been made under section 152. (3.1) Where, in a taxation year that begins after November 12, 1981, a corporation that last became a private corporation on or before that date and that was throughout the year a private corporation, other than a Canadian-controlled private corporation, has included in its income for the year an amount in respect of property that the corporation (a) disposed of before November 13, 1981, (b) was obligated to dispose of under the terms of an agreement in writing entered into before November 13, 1981, or (c) is deemed by subsection 44(2) to have disposed of at any time after November 12, 1981 because of an event referred to in paragraph (b), (c) or (d) of the definition produit de disposition in section 54 in respect of the disposition that occurred before November 13, 1981, paragraph 3(a) shall apply as if the corporation were a Canadian-controlled private corporation throughout the year. year, except that the total of the amounts determined under that paragraph in respect of the corporation for the year shall not exceed the amount that would be so determined if the only income of the corporation for the year were the amount included in respect of the disposition of such property.
Les définitions figurant au paragraphe 66(15) s’appliquent au présent article. Montant à inclure dans le revenu
The definitions in this subsection apply in this section. aggregate investment income of a corporation for a taxation year means the amount, if any, by which the total of all amounts, each of which is (a) the amount, if any, by which (i) the eligible portion of the corporation’s taxable capital gains for the year exceeds the total of (ii) the eligible portion of its allowable capital losses for the year, and (iii) the amount, if any, deducted under paragraph 111(1)(b) in computing its taxable income for the year, or (b) the corporation’s income for the year from a source that is a property, other than (ii) an amount included under subsection 12(10.2) in computing the corporation’s income for the year, (iii) the portion of any dividend that was deductible in computing the corporation’s taxable income for the year, and (iv) income that, but for paragraph 108(5)(a), would not be income from a property, exceeds the total of all amounts, each of which is the corporation’s loss for the year from a source that is a property. (revenu de placement total) eligible portion of a corporation’s taxable capital gains or allowable capital losses for a taxation year is the total of all amounts each of which is the portion of a taxable capital gain or an allowable capital loss, as the case may be, of the corporation for the year from a disposition of a property that, except where the property was a designated property (within the meaning assigned by subsection 89(1)), cannot reasonably be regarded as having accrued while the property, or a property for which it was substituted, was property of a corporation other than a Canadian-controlled private corporation, a substantive CCPC, an investment corporation, a mortgage investment corporation or a mutual fund corporation. (fraction admissible) eligible refundable dividend tax on hand, of a particular corporation at the end of a taxation year, means the amount, if any, by which the total of (a) the total of the taxes payable under Part IV by the particular corporation for the year in respect of (i) eligible dividends received by the particular corporation in the year from corporations other than corporations with which the particular corporation is connected (in this paragraph, within the meaning assigned by subsection 186(4) on the assumption that the other corporation is at that time a payer corporation within the meaning of that subsection), (ii) taxable dividends received by the particular corporation in the year from corporations that are connected with the particular corporation to the extent that such dividends caused a dividend refund to those corporations from their eligible refundable dividend tax on hand, and (iii) eligible dividends received by the particular corporation in a taxation year that began after 2018 from corporations (referred to in this subparagraph as “payer corporations”) that are connected with the particular corporation to the extent that such dividends (A) caused a dividend refund to those payer corporations from their refundable dividend tax on hand at the end of their first taxation year that ended after 2018, and (B) are not otherwise included in determining the particular corporation’s eligible refundable dividend tax on hand, and (b) where the particular corporation was a private corporation at the end of its preceding taxation year, the particular corporation’s eligible refundable dividend tax on hand at the end of that preceding year (c) the total of all amounts each of which is the portion, if any, of the particular corporation’s dividend refund from its eligible refundable dividend tax on hand determined, for its preceding taxation year, under foreign investment income of a corporation for a taxation year is the amount that would be its aggregate investment income for the year if (a) every amount of its income, loss, capital gain or capital loss for the year that can reasonably be regarded as being from a source in Canada were nil, (b) no amount were deducted under paragraph 111(1)(b) in computing its taxable income for the year, and (c) this Act were read without reference to paragraph (a) of the definition income or loss in this subsection. (revenu de placement étranger) income or loss of a corporation for a taxation year from a source that is a property (a) includes the income or loss from a specified investment business carried on by it in Canada other than income or loss from a source outside Canada, but (b) does not include the income or loss from any property (i) that is incident to or pertains to an active business carried on by it, or (ii) that is used or held principally for the purpose of gaining or producing income from an active business carried on by it. (perte ou revenu) non-eligible refundable dividend tax on hand, of a corporation at the end of a taxation year, means the amount, if any, by which the total of (a) if the corporation was a Canadian-controlled private corporation throughout the year or a substantive CCPC at any time in the year, the least of (i) the amount determined by the formula A is 30 2/3% of the corporation’s aggregate investment income for the year, and (ii) 30 2/3% of the excess of the corporation’s taxable income for the year over the total of the following amounts: (A) the least of the amounts determined under paragraphs 125(1)(a) to (c) in respect of the corporation for the year, (B) 100/38 (38 2/3) of the amounts deducted under paragraph 126(1) of its tax payable for the year under this Part, (C) the product of the multiplication of the amounts deducted under paragraph 126(2) of its tax payable for the year under this Part by the relevant rate for the year, (iii) the corporation’s tax payable under this Part for the year; (b) the excess of the total of the corporation’s taxes payable under this Part for the year over the total of the amounts referred to in paragraph (a) of the definition eligible refundable dividend tax on hand in subsection (1) in respect of the corporation for the year; (c) if the corporation was a private corporation at the end of its preceding taxation year, its non-eligible refundable dividend tax on hand at the end of that preceding taxation year, as determined under subparagraph (1)(a)(ii)(A). (non-eligible refundable dividend tax on hand) B is the amount, if any, by which (A) the amount deducted under subsection 126(1) from the tax for the year otherwise payable by it under this Part (B) 8% of its foreign investment income for the year, (ii) 30 2/3% of the amount, if any, by which the corporation’s taxable income for the year exceeds the total of (A) the least of the amounts determined under paragraphs 125(1)(a) to (c) in respect of the corporation for the year, (B) 100/38 2/3 of the total of amounts deducted under subsection 126(1) from its tax for the year otherwise payable under this Part, and (C) the amount determined by multiplying the total of amounts deducted under subsection 126(2) from its tax for the year otherwise payable under this Part, by the relevant factor for the year, and (iii) the corporation’s tax for the year payable under this Part, (b) the total of the taxes payable under Part IV by the corporation for the year less the amount determined under paragraph (a) of the definition eligible refundable dividend tax on hand in respect of the corporation for the year, and (c) if the corporation was a private corporation at the end of its preceding taxation year, the corporation’s non-eligible refundable dividend tax on hand at the end of that preceding year Private Corporations (4.1) Subsection (4.2) applies in respect of a particular taxation year of a particular corporation if the following conditions are met: (a) the particular corporation has an amount of tax payable for the year under Part IV; (c) the particular corporation would, in the absence of paragraphs 186(1)(c) and (d), have an amount determined, at the end of the year, under both paragraph (a) of the definition eligible refundable dividend tax on hand and paragraph (b) of the definition non-eligible refundable dividend tax on hand in subsection (4).
Pour l’application de l’alinéa 59(3.2)c.1), est visé relativement à un contribuable pour une année d’imposition l’excédent éventuel: a) du total des montants visés aux éléments E à J de la formule figurant à la définition de frais cumulatifs relatifs à des ressources à l’étranger au paragraphe (1) qui sont inclus dans le calcul de ses frais cumulatifs relatifs à des ressources à l’étranger à la fin de l’année se rapportant à un pays, sur la somme des montants suivants : (a) the greater of (ii) the least of b) le total des montants visés aux éléments A à D de la formule figurant à la définition de frais cumulatifs relatifs à des ressources à l’étranger au paragraphe (1) qui sont inclus dans le calcul de ces frais cumulatifs relatifs à des ressources à l’étranger à la fin de l’année se rapportant au pays, c) le total déterminé selon l’alinéa 66.7(13.2)a) pour l’année relativement au contribuable et au pays. Déduction pour frais cumulatifs relatifs à des ressources à l’étranger
(4.2) If this subsection applies in respect of a particular taxation year of a corporation, for the purpose of determining the amount under paragraph (a) of the definition eligible refundable dividend tax on hand in subsection (4), in respect of the corporation at the end of the year, the amount determined under subsection 186(1) in respect of the corporation for the year is deemed to be the amount determined by the formula A is the amount determined under paragraph 186(1)(a) in respect of the corporation for the year in respect of eligible dividends; B is the amount determined under paragraph 186(1)(b) in respect of the corporation for the year in respect of dividends that resulted in dividend refunds from the eligible refundable dividend tax on hand of other corporations; and C is the amount determined by the formula D is the amount claimed by the corporation under paragraph 186(1)(c) for the year, E is the amount claimed by the corporation under paragraph 186(1)(d) for the year, F is the amount determined under paragraph 186(1)(a) in respect of the corporation for the year in respect of taxable dividends (other than eligible dividends), and G is the amount determined under paragraph 186(1)(b) in respect of the corporation for the year in respect of dividends that resulted in dividend refunds from the non-eligible refundable dividend tax on hand of other corporations.
Un contribuable peut déduire, dans le calcul de son revenu pour une année d’imposition tout au long de laquelle il réside au Canada, le montant qu’il demande relativement à un pays étranger, ne dépassant pas la somme des montants suivants : a) le plus élevé des montants suivants : (i) 10 % d’un montant donné correspondant à ses frais cumulatifs relatifs à des ressources à l’étranger se rapportant au pays à la fin de l’année, (ii) le moins élevé des montants suivants : (A) s’il a cessé de résider au Canada immédiatement après la fin de l’année, le montant donné, (B) si la division (A) ne s’applique pas, 30 % du montant donné, (C) l’excédent éventuel de son revenu provenant de ressources à l’étranger pour l’année se rapportant au pays sur la partie du montant, déduit en application du paragraphe 66(4) dans le calcul de son revenu pour l’année, qui est attribuable à une source située dans le pays, (D) l’excédent éventuel du total des montants représentant chacun son revenu provenant de ressources à l’étranger pour l’année se rapportant à un pays sur la somme des montants suivants : (I) le total des montants représentant chacun sa perte résultant de ressources à l’étranger pour l’année se rapportant à un pays, (II) le montant déduit en application du paragraphe 66(4) dans le calcul de son revenu pour l’année; b) le moins élevé des montants suivants : Income Tax PART I Income Tax DIVISION B Computation of Income
The following rules apply to a corporation’s first taxation year in respect of which the definition eligible refundable dividend tax on hand in subsection (4) applies: (a) if the corporation is a Canadian-controlled private corporation throughout the taxation year and its preceding taxation year and is not a corporation in respect of which an election under subsection 89(11) applies to the taxation year or the preceding taxation year, (i) for the purpose of applying paragraph (b) of the definition eligible refundable dividend tax on hand in respect of the corporation at the end of the taxation year, the corporation’s eligible refundable dividend tax on hand at the end of its preceding taxation year is deemed to be the amount, if any, that is the lesser of (A) the amount determined by the formula is the corporation’s refundable dividend tax on hand at the end of its preceding taxation year, and is the corporation’s dividend refund for its preceding taxation year, and (B) the amount determined by the formula is the corporation’s general rate income pool at the end of its preceding taxation year, is the amount, if any, by which (I) the total of all amounts each of which is an eligible dividend paid by the corporation in its preceding taxation year (II) the total of all amounts each of which is an excessive eligible dividend designation made by the corporation in its preceding taxation year, and is 38 1/3%, and (ii) for the purpose of applying paragraph (c) of the definition non-eligible refundable dividend tax on hand in respect of the corporation at the end of the taxation year, the corporation’s non-eligible refundable dividend tax on hand at the end of its preceding taxation year is deemed to be the amount determined by the formula is the amount determined under clause (a)(i)(A) in respect of the corporation at the end of the preceding taxation year, and is the amount determined under clause (a)(i)(B) in respect of the corporation at the end of the preceding taxation year; and (b) in any other case, for the purpose of applying paragraph (b) of the definition eligible refundable dividend tax on hand in respect of the corporation at the end of the taxation year, the corporation’s eligible refundable dividend tax on hand at the end of its preceding taxation year is deemed to be the amount that would be determined for clause (a)(i)(A) if paragraph (a) applied to the corporation in respect of the taxation year. (5.1) Subsection (5) applies with such modifications as are necessary for the purpose of applying paragraph 87(2)(aa) in respect of a corporation if (a) the corporation is a predecessor corporation (within the meaning assigned by subsection 87(1)) in respect of an amalgamation (within the meaning assigned by subsection 87(1)); (b) the corporation has an amount of refundable dividend tax on hand at the end of its taxation year that ends because of paragraph 87(2)(a); and (c) the first taxation year of the new corporation (within the meaning assigned by subsection 87(1)) in respect of the amalgamation is one to which the definition eligible refundable dividend tax on hand in subsection (4) applies. Investment income from associated corporation deemed to be active business income
(b) the lesser of (i) not to be a capital property of the taxpayer, (ii) subject to subsection 142.6(3), to be inventory of the taxpayer, and Impôt sur le revenu
Where any particular amount paid or payable to a corporation (in this subsection referred to as the “recipient corporation”) by another corporation (in this subsection referred to as the “associated corporation”) with which the recipient corporation was associated in any particular taxation year commencing after 1972, would otherwise be included in computing the income of the recipient corporation for the particular year from a source in Canada that is a property, the following rules apply: (a) for the purposes of subsection 129(4), in computing the recipient corporation’s income for the year from a source in Canada that is a property, (i) there shall not be included any portion (in this subsection referred to as the “deductible portion”) of the particular amount that was or may be deductible in computing the income of the associated corporation for any taxation year from an active business carried on by it in Canada, and (ii) no deduction shall be made in respect of any outlay or expense, to the extent that that outlay or expense may reasonably be regarded as having been made or incurred by the recipient corporation for the purpose of gaining or producing the deductible portion; and (b) for the purposes of this subsection and section 125, (i) the deductible portion shall be deemed to be income of the recipient corporation for the particular year. year from an active business carried on by it in Canada, and (ii) any outlay or expense, to the extent described in subparagraph 129(6)(a)(ii), shall be deemed to have been made or incurred by the recipient corporation for the purpose of gaining or producing that income. Meaning of taxable dividend
For the purposes of this section, taxable dividend does not include a capital gains dividend within the meaning assigned by subsection 131(1).
Expressions used in this section and not otherwise defined for the purposes of this section have the same meanings as in section 125. Investment Corporations Deduction from tax
(i) l’excédent éventuel du montant donné sur le montant déterminé à son égard pour l’année selon l’alinéa a), (ii) la partie de sa limite globale des frais relatifs à des ressources à l’étranger pour l’année qu’il indique pour l’année, relativement au pays et à aucun autre, dans un formulaire prescrit présenté au ministre avec sa déclaration de revenu pour l’année. Changement de résidence
Where a corporation was an investment corporation throughout a taxation year (other than a corporation that was a mutual fund corporation throughout the year), subsections 131(1) to (3.2), (4.1) and (6) apply in respect of the corporation for the year (a) as if the corporation had been a mutual fund corporation throughout that and all previous taxation years ending after 1971 throughout which it was an investment corporation; and (b) as if its capital gains redemptions for that and all previous taxation years ending after 1971, throughout which it would, but for the assumption made by paragraph 130(2)(a), not have been a mutual fund corporation, were nil. Investment Corporations Meaning of expressions investment corporation and taxed capital gains
Lorsqu’un particulier devient résident au Canada au cours d’une année d’imposition ou cesse de l’être, les règles suivantes s’appliquent : a) le paragraphe (4) s’applique à lui comme si l’année était constituée de la ou des périodes de l’année tout au long desquelles il a résidé au Canada; b) pour ce qui est de l’application du présent article, le paragraphe 66(1.1) ne s’applique pas au particulier pour l’année. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2001, ch. 17, art. 47; 2013, ch. 34, art. 202. Actions relatives à l’exploration et à l’aménagement
For the purposes of this section, (a) a corporation is an investment corporation throughout any taxation year in respect of which the expression is being applied if it complied with the following conditions: (i) it was throughout the year a Canadian corporation that was a public corporation, (ii) at least 80% of its property throughout the year consisted of shares, bonds, marketable securities or cash, (iii) not less than 95% of its income (determined without reference to subsection 49(2)) for the year was derived from, or from dispositions of, investments described in subparagraph 130(3)(a)(ii), (iv) not less than 85% of its gross revenue for the year was from sources in Canada, (v) not more than 25% of its gross revenue for the year was from one person or partnership, (vi) at no time in the year did more than 10% of its property consist of shares, bonds or securities of any one corporation or debtor other than Her Majesty in right of Canada or of a province or a Canadian municipality, (vii) no person would have been a specified shareholder of the corporation in the year if (A) the portion of the definition specified shareholder in subsection 248(1) before paragraph (a) were read as follows: “specified shareholder of a corporation in a taxation year means a taxpayer who owns, directly or indirectly, at any time in the year, more than 25% of the issued shares of any class of the capital stock of the corporation and, for the purposes of this definition,” (B) paragraph (a) of that definition were read as follows: “(a) a taxpayer is deemed to own each share of the capital stock of a corporation owned at that time by a person related to the taxpayer,” (C) that definition were read without reference to paragraph (d) of that definition, (D) paragraph 251(2)(a) were read as follows: (i) the individual’s child (as defined in subsection 70(10)) who is under 19 years of age, or (viii) an amount not less than 85% of the total of (A) 2/3 of the amount, if any, by which its taxable income for the year exceeds its taxed capital gains for the year, and (B) the amount of, if any, by which all taxable dividends received by it in the year to the extent of the amount thereof deductible under section 112 or 113 from its income for the year exceeds the amount that the corporation’s non-capital loss for the year would be if the amount determined in respect of the corporation for the year under paragraph 3(b) was nil, (less any dividends or interest received by it in the form of shares, bonds or other securities that had not been sold before the end of the year) was distributed, otherwise than by way of capital gains dividends, to its shareholders before the end of the year; and (b) the amount of the taxed capital gains of a taxpayer for a taxation year is the amount, if any, by which (i) its taxable capital gains for the year from dispositions of property (ii) the total of its allowable capital losses for the year from dispositions of property and the amount, if any, deducted under paragraph 111(1)(b) for the purpose of computing its taxable income for the year. Wholly owned subsidiaries
a) est, s’il est acquis avant le 13 novembre 1981, réputé : (i) ne pas être une immobilisation du contribuable, (ii) sous réserve du paragraphe 142.6(3), être un élément d’inventaire du contribuable, (iii) avoir été acquis par le contribuable à un coût nul; b) est, s’il est acquis après le 12 novembre 1981, réputé avoir été acquis par le contribuable à un coût nul. exceeds Cost of flow-through shares Paid-up capital exceeds exceeds 84(3), (4) ou (4.1) être un dividende sur les actions de cette catégorie que la société verse après le 23 mai 1985 et avant le moment donné, (B) le total qui serait calculé selon la division (A) compte non tenu de l’alinéa a), (ii) le total des montants à déduire selon l’alinéa a) dans le calcul du capital versé au titre de cette catégorie d’actions après le 22 mai 1985 et avant le moment donné. Coût d’une action accréditive
Where a corporation so elects in its return of income under this Part for a taxation year, each of the Investment Corporations corporation’s properties that is a share or indebtedness of another Canadian corporation that is at any time in the year a subsidiary wholly owned corporation of the corporation shall, for the purposes of subparagraphs 130(3)(a)(ii) and (vi), be deemed not to be owned by the corporation at any such time in the year, and each property owned by the other corporation at that time shall, for the purposes of those subparagraphs, be deemed to be owned by the corporation at that time. Mortgage Investment Corporations Deduction from tax
La personne qui acquiert une action accréditive — au sens du paragraphe 66(15) — auprès d’une société et qui est partie à la convention relative à l’émission de l’action est réputée acquérir celle-ci à un coût nul. Calcul du capital versé
(a) there may be deducted the total of (i) all taxable dividends, other than capital gains dividends, paid by the corporation during the year to the extent that those dividends were not deductible by the corporation in computing its income for the preceding year, and (ii) 1/2 of all capital gains dividends paid by the corporation during the period commencing 91 days after the commencement of the year and ending 90 days after the end of the year; and (b) no deduction may be made under section 112 in respect of taxable dividends received by it from other corporations. Dividend equated to bond interest
En cas d’émission par une société d’une action accréditive au sens du paragraphe 66(15) à un moment postérieur au 28 février 1986, dans le calcul, à un moment ultérieur, du capital versé au titre de la catégorie d’actions du capital-actions de cette société dont fait partie l’action accréditive : a) d’une part, doit être déduit l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le montant correspondant à l’augmentation — conséquence de l’émission de l’action — du capital versé au titre de toutes les actions de la catégorie, calculée compte non tenu du présent paragraphe tel qu’il s’applique à l’action, (ii) l’excédent éventuel du montant visé à la division (A) sur le montant visé à la division (B) : (A) le paiement prévu et reçu par la société pour l’action, (B) la moitié du total des frais auxquels la société a renoncé en vertu des paragraphes 66(12.6), (12.601), (12.62) ou (12.64) en ce qui concerne l’action; b) d’autre part, doit être ajouté le moindre des montants suivants : Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this Act, any amount received from a mortgage investment corporation by a shareholder of the corporation as or on account of a taxable dividend, other than a capital gains dividend, shall be deemed to have been received by the shareholder as interest payable on a bond issued by the corporation after 1971.
exceeds [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 66.3; 1994, c. 8, s. 7; 1995, c. 21, s. 51; 2014, c. 39, s. 114. Recovery of costs Impôt sur le revenu
Subsection 130.1(2) applies where the taxable dividend (other than a capital gains dividend) described in that subsection was paid during a taxation year throughout which the paying corporation was a mortgage investment corporation or within 90 days thereafter.
Where at any particular time during the period that begins 91 days after the beginning of a taxation year of a corporation that was, throughout the year, a mortgage investment corporation and ends 90 days after the end of the year, a dividend is paid by the corporation to shareholders of the corporation, if the corporation so elects in respect of the full amount of the dividend in prescribed manner and at or before the earlier of the particular time and the first day on which any part of the dividend was paid, (a) the dividend shall be deemed to be a capital gains dividend to the extent that it does not exceed the amount, if any, by which (i) twice the taxed capital gains of the corporation for the year (ii) the total of all dividends, and parts of dividends, paid by the corporation during the period and before the particular time that are deemed by this paragraph to be capital gains dividends; and (b) notwithstanding any other provision of this Act, if an amount is received by a taxpayer in a taxation year as, on account of, in lieu of payment of or in satisfaction of, the dividend, the amount (i) shall not be included in computing the taxpayer’s income for the year as income from a share of the capital stock of the corporation, and (ii) is deemed to be a capital gain of the taxpayer from the disposition of capital property in the year. (4.1) Where at any particular time a mortgage investment corporation paid a dividend to its shareholders and subsection 130(4) would have applied to the dividend except that the corporation did not make an election under that subsection on or before the day on or before which it was required by that subsection to be made, subsections 131(1.1) to 131(1.4) apply with such modifications as the circumstances require. Public corporation
Notwithstanding any other provision of this Act, a mortgage investment corporation shall be deemed to be a public corporation. Meaning of mortgage investment corporation
For the purposes of this section, a corporation is a mortgage investment corporation throughout a taxation year if, throughout the year, (a) it was a Canadian corporation; (b) its only undertaking was the investing of funds of the corporation and it did not manage or develop any real or immovable property; (c) none of the property of the corporation consisted of (i) debts owing to the corporation that were secured on real or immovable property situated outside Canada, (ii) debts owing to the corporation by non-resident persons, except any such debts that were secured on real or immovable property situated in Canada, (iv) real or immovable property situated outside Canada, or any leasehold interest in such property; (d) there were 20 or more shareholders of the corporation and no person would have been a specified shareholder of the corporation at any time in the year if (i) the portion of the definition specified shareholder in subsection 248(1) before paragraph (a) were read as follows: “specified shareholder of a corporation at any time means a taxpayer who owns, directly or indirectly, at that time, more than 25% of the issued shares of any class of the capital stock of the corporation and, for the purposes of this definition,” (ii) paragraph (a) of that definition were read as follows: “(a) a taxpayer is deemed to own each share of the capital stock of a corporation owned at that time by a person related to the taxpayer,” Mortgage Investment Corporations (iii) that definition were read without reference to paragraph (d) of that definition, and (iv) paragraph 251(2)(a) were read as follows: (i) the individual’s child (as defined in subsection 70(10)) who is under 18 years of age, or (e) any holders of preferred shares of the corporation had a right, after payment to them of their preferred dividends, and payment of dividends in a like amount per share to the holders of the common shares of the corporation, to participate pari passu with the holders of the common shares in any further payment of dividends; (f) the cost amount to the corporation of such of its property as consisted of (i) debts owing to the corporation that were secured, whether by mortgages, hypothecs or in any other manner, on houses (as defined in section 2 of the National Housing Act) or on property included within a housing project (as defined in that section as it read on June 16, 1999), and (ii) amounts of any deposits standing to the corporation’s credit in the records of (B) a credit union, plus the amount of any money of the corporation was at least 50% of the cost amount to it of all its property; (g) the cost amount to the corporation of all real or immovable property of the corporation, including leasehold interests in such property (except real or immovable property acquired by the corporation by foreclosure or otherwise after default made on a mortgage, hypothec or agreement of sale of real or immovable property) did not exceed 25% of the cost amount to it of all its property; (h) its liabilities did not exceed 3 times the amount by which the cost amount to it of all its property exceeded its liabilities, where at any time in the year the cost amount to it of such of its property as consisted of Mortgage Investment Corporations property described in subparagraphs 130.1(6)(f)(i) and 130.1(6)(f)(ii) plus the amount of any money of the corporation was less than 2/3 of the cost amount to it of all of its property; and (ii) its liabilities did not exceed 5 times the amount by which the cost amount to it of all its property exceeded its liabilities, where paragraph 130.1(6)(h) is not applicable. How shareholders counted
(i) l’excédent éventuel du total visé à la division (A) sur le total visé à la division (B): (A) le total des montants dont chacun représente un montant réputé par le paragraphe 84(3), (4) ou (4.1) être un dividende sur les actions de la catégorie versé par la société après février 1986 et avant le moment ultérieur, (B) le total qui serait calculé à la division (A) compte non tenu de l’alinéa a), (ii) le total des montants dont chacun représente un montant à déduire selon l’alinéa a) dans le calcul du capital versé au titre de la catégorie d’actions après février 1986 et avant le moment ultérieur. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs applicables.] L.R., 1985, ch. 1 (5e suppl.), art. 66.3; 1994, ch. 8, art. 7; 1995, ch. 21, art. 51; 2013, ch. 34, art. 114. Recouvrement des frais
In paragraph (6)(d), a trust governed by a registered pension plan or deferred profit sharing plan by which shares of the capital stock of a corporation are held shall be counted as four shareholders of the corporation for the purpose of determining the number of shareholders of the corporation, but as one shareholder for the purpose of determining whether any person is a specified shareholder (as defined for the purpose of that paragraph). First taxation year
a) du total des montants visés aux éléments E à J de la formule figurant à la définition de frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe (5) et déduits dans le calcul des frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz du contribuable à la fin de l’année, sur le total des montants suivants : b) les montants visés aux éléments A à D.1 de la formule visée à l’alinéa a) et inclus dans le calcul des frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz du contribuable à la fin de l’année; c) le total calculé selon le sous-alinéa 66.7(12.1)c)(i) relativement au contribuable pour l’année. (a) the lesser of (i) the total of exceeds exceeds Déduction pour frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz
For the purposes of subsection 130.1(6), a corporation that was incorporated after 1971 shall be deemed to have complied with paragraph 130.1(6)(d) throughout the first taxation year of the corporation in which it carried on business if it complied with that paragraph on the last day of that taxation year.
Le contribuable peut déduire, dans le calcul de son revenu pour une année d’imposition, tout montant qu’il peut demander ne dépassant pas le total des montants suivants : a) le moins élevé des montants suivants : (i) le total des montants suivants : (A) les frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz du contribuable à la fin de l’année, (B) l’excédent éventuel du total visé à la subdivision (I) sur le montant visé à la subdivision (II) : (I) le total calculé selon le sous-alinéa 66.7(12.1)c)(i) relativement au contribuable pour l’année, (II) le montant qui, sans l’alinéa (1)c), serait calculé selon le paragraphe 66.4(1) relativement au contribuable pour l’année, (ii) l’excédent éventuel du total des montants dont chacun représente, selon le cas : (A) un montant inclus dans son revenu pour l’année en vertu d’une disposition au cours de l’année de biens à porter à l’inventaire et visés à l’article 66.3 qui étaient une action, ou un droit sur celle-ci ou, pour l’application du droit civil, un droit relatif à celle-ci, acquis par le contribuable dans des circonstances visées à l’alinéa c) de la définition de frais à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe (5), (B) un montant inclus en vertu de l’alinéa 12(1)e) dans le calcul de son revenu pour l’année, dans la mesure où il se rapporte aux biens à porter à l’inventaire et visés à la division (A), sur : (C) le total des montants déduits à titre de provision en vertu de l’alinéa 20(1)n) dans le calcul de son revenu pour l’année, dans la mesure où la provision se rapporte aux biens à porter à l’inventaire et visés à la division (A); b) 10 % de l’excédent éventuel du montant établi au sous-alinéa a)(i) sur le montant établi au sous-alinéa a)(ii); A(B − C) where A is
In this section, liabilities of a corporation at any particular time means the total of all debts owing by the corporation, and all other obligations of the corporation to pay an amount, that were outstanding at that time; (passif) Mutual Fund Corporations Mutual Fund Corporations
where (D − E) − (F − G − H) where c) le montant obtenu par la formule suivante : A(B − C) où : A représente : (i) pour les années d’imposition qui se terminent avant 2024, 5 %, (ii) pour les années d’imposition qui commencent avant 2024 et se terminent après 2023, le montant obtenu par la formule suivante : 0,05(I/J) + 0,025(K/J) où : I représente le total des frais à l’égard de biens canadiens relatifs au pétrole et au gaz accélérés engagés par le contribuable avant 2024 et au cours de l’année d’imposition, J le total des frais à l’égard de biens canadiens relatifs au pétrole et au gaz accélérés engagés par le contribuable au cours de l’année d’imposition, K le total des frais à l’égard de biens canadiens relatifs au pétrole et au gaz accélérés engagés par le contribuable après 2023 et au cours de l’année d’imposition, (iii) pour les années d’imposition qui commencent après 2023, 2,5 %, B le total des frais à l’égard de biens canadiens relatifs au pétrole et au gaz accélérés engagés par le contribuable au cours de l’année d’imposition, C le montant obtenu par la formule suivante : (D − E) − (F − G − H) où : D représente le total des valeurs des éléments E à J de la définition de frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe (5) à la fin de l’année d’imposition, E le total des valeurs des éléments E à J de la définition de frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe (5) au début de l’année d’imposition, F le total des valeurs des éléments A à D.1 de la définition de frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe (5) à la fin de l’année d’imposition, G le total des valeurs des éléments A à D.1 de la définition de frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe (5) à la fin de l’année d’imposition précédente, H le total des valeurs des éléments A à D.1 de la définition de frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe (5) au début de l’année d’imposition. Definitions (b) is incurred after November 20, 2018 and before 2028; *(frais à l’égard de biens canadiens relatifs au pétrole et au gaz accélérés)* G le total des valeurs des éléments A à D.1 de la définition de **frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz** au paragraphe (5) à la fin de l’année d’imposition précédente, H la valeur de l’élément B. Définitions
(a) the dividend shall be deemed to be a capital gains dividend payable out of the corporation’s capital gains dividend account to the extent that it does not exceed the corporation’s capital gains dividend account at the particular time; and (b) notwithstanding any other provision of this Act (other than paragraph (5.1)(b)), if an amount is received by a taxpayer in a taxation year as, on account of, in lieu of payment of or in satisfaction of, the dividend, the amount (i) shall not be included in computing the taxpayer’s income for the year as income from a share of the capital stock of the corporation, and (ii) is deemed to be a capital gain of the taxpayer from the disposition of capital property in the year. Deemed date of election (1.1) Where at any particular time a dividend has become payable by a mutual fund corporation to shareholders of any class of shares of its capital stock and subsection 131(1) would have applied to the dividend except that the election referred to in that subsection was not made on or before the day on or before which the election was required by that subsection to be made, the election shall be deemed to have been made at the particular time or on the first day on which any part of the dividend was paid, whichever is the earlier, if (a) the election is thereafter made in prescribed manner and prescribed form; (b) an estimate of the penalty in respect of the election is paid by the corporation when the election is made; and (c) the directors or other persons having authority to manage the affairs of the corporation Mutual Fund Corporations (c) the directors or other person or persons legally entitled to administer the affairs of the corporation have, before the time the election is made, authorized the election to be made. Request to make election (1.2) The Minister may at any time, by written request served personally or by registered mail, request that an election referred to in paragraph 131(1.1)(a) be made by a mutual fund corporation and where the mutual fund corporation on which such a request is served does not comply therewith within 90 days after service of the request, subsection 131(1.1) does not apply to such an election made thereafter by it. (1.3) For the purposes of this section, the penalty in respect of an election referred to in paragraph 131(1.1)(b) is an amount equal to the lesser of (a) 1% per annum of the amount of the dividend referred to in the election for each month or part of a month during the period commencing with the time that the dividend became payable, or the first day on which any part of the dividend was paid if that day is earlier, and ending with the day on which the election was made, and (b) the product obtained when $500 is multiplied by the proportion that the number of months or parts of months during the period referred to in paragraph 131(1.3)(a) bears to 12. Assessment and payment of penalty (1.4) The Minister shall, with all due dispatch, examine each election referred to in paragraph 131(1.1)(a), assess the penalty payable and send a notice of assessment to the mutual fund corporation and the corporation shall pay forthwith to the Receiver General, the amount, if any, by which the penalty so assessed exceeds the total of all amounts previously paid on account of that penalty. Capital gains refund to mutual fund corporation
Les définitions qui suivent s’appliquent au présent article. **frais à l’égard de biens canadiens relatifs au pétrole et au gaz** Relativement à un contribuable, les dépenses et coûts suivants, engagés après le 11 décembre 1979 : a) soit le coût pour lui d’un bien visé aux alinéas a), c) ou d) de la définition de **avoir minier canadien** au paragraphe 66(15) ou d’un droit ou intérêt sur celui-ci ou, pour l’application du droit civil, d’un droit relatif à celui-ci — sauf un droit ou intérêt qu’il détient en tant que bénéficiaire d’une fiducie ou associé d’une société de personnes —, y compris tout paiement fait pour préserver les droits du contribuable à l’égard d’un bien ou d’un droit ou intérêt, ou une somme payée à Sa Majesté du chef de la province de la Saskatchewan à titre de paiement net de redevance conformément à un bail portant sur du pétrole ou du gaz naturel qui était en vigueur le 31 mars 1977, dans la mesure où il est raisonnable de considérer cette somme comme un coût d’acquisition du bail; b) sous réserve de l’article 66.8, sa part d’une dépense visée à l’alinéa a) qu’une société de personnes a engagée au cours d’une de ses exercices se terminant à la fin de laquelle le contribuable en était un associé, sauf si le contribuable fait un choix à l’égard de cette part en la forme et selon les modalités réglementaires au plus tard six mois après la fin de son année d’imposition au cours de laquelle cet exercice prend fin; c) un coût ou une dépense visés à l’alinéa a) et engagés par le contribuable conformément à une convention écrite conclue avec une société avant 1987 par laquelle le contribuable n’engage le coût ou la dépense que si le paiement des actions de la société — à l’exclusion des actions visées par règlement — émises en sa faveur, ou d’intérêts ou droits sur de telles actions ou, pour l’application du droit civil, de droits relatifs à de telles actions; il est entendu toutefois que le terme ne vise pas : d) une contrepartie donnée par le contribuable pour une action ou un droit y afférent, sauf dans le cas prévu à l’alinéa c); Income Tax PART I Income Tax DIVISION B Computation of Income
Where a corporation was, throughout a taxation year, a mutual fund corporation and a return of its income for the year has been made within 3 years from the end of the year, the Minister (a) may, on sending the notice of assessment for the year, refund an amount (in this subsection referred to as its “capital gains refund” for the year) equal to the lesser of Mutual Fund Corporations (I) all capital gains dividends paid by the corporation in the period commencing 60 days after the beginning of the year and ending 60 days after the end of the year, and (II) its capital gains redemptions for the year, and (B) the amount, if any, that the Minister determines to be reasonable in the circumstances, after giving consideration to the percentages applicable in determining the corporation’s capital gains refund for the year and preceding taxation years and the percentages applicable in determining the corporation’s refundable capital gains tax on hand at the end of the year, and (ii) the corporation’s refundable capital gains tax on hand at the end of the year; and (b) shall, with all due dispatch, make that capital gains refund after sending the notice of assessment if an application for it has been made in writing by the corporation within the period within which the Minister would be allowed under subsection 152(4) to assess tax payable under this Part by the corporation for the year if that subsection were read without reference to paragraph 152(4)(a). Application to other liability
(A + B + C + D + D.1) - (E + F + G + H + I + I.1 + J) where e) une dépense visée à l’alinéa c) et engagée par un autre contribuable dans la mesure où cette dépense consistait, selon le cas, en : (i) frais à l’égard de biens canadiens relatifs au pétrole et au gaz engagés par cet autre contribuable, en vertu de cet alinéa, (ii) frais d’exploration au Canada engagés par cet autre contribuable, en vertu de l’alinéa i) de la définition de frais d’exploration au Canada au paragraphe 66.1(6), (iii) frais d’aménagement au Canada engagés par cet autre contribuable, en vertu de l’alinéa g) de la définition de frais d’aménagement au Canada au paragraphe 66.2(5); cependant aucun montant à titre d’aide qu’un contribuable a reçu ou est en droit de recevoir concernant ses frais à l’égard de biens canadiens relatifs au pétrole et au gaz ou se rapportant à ces frais ne peut réduire une dépense visée à l’un des alinéas a) à c). (Canadian oil and gas property expense) frais à l’égard de biens canadiens relatifs au pétrole et au gaz accélérés Relativement à un contribuable, tout coût ou toute dépense qui est engagé par le contribuable au cours d’une année d’imposition et qui, à la fois : a) constitue, au moment où il est engagé, des frais à l’égard de biens canadiens relatifs au pétrole et au gaz et n’est : (i) ni une dépense à l’égard de laquelle le contribuable est une société remplaçante au sens du paragraphe 66.7(5), (ii) ni un coût relatif à un avoir minier canadien que le contribuable, ou une société de personnes dont il est un associé, a acquis d’une personne ou société de personnes avec laquelle il a un lien de dépendance; b) est engagé après le 20 novembre 2018 et avant 2028. (accelerated Canadian oil and gas property expense) frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz S’agissant des frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz d’un contribuable à un moment donné au cours d’une année d’imposition, le montant calculé selon la formule suivante : (A + B + C + D + D.1) - (E + F + G + H + I + I.1 + J) où : A représente le total des frais à l’égard de biens canadiens relatifs au pétrole et au gaz engagés par le contribuable avant ce moment; B le total des montants déterminés en vertu du paragraphe (1) à l’égard du contribuable pour les années d’imposition se terminant avant ce moment; C le total des montants visés aux éléments F ou G que le contribuable détermine comme étant devenus des créances irrécouvrables avant ce moment; D la partie du montant représenté par l’élément I que le contribuable a remboursée avant ce moment conformément à une obligation légale de rembourser tout ou partie de ce montant;
Instead of making a refund that might otherwise be made under subsection 131(2), the Minister may, where the corporation is liable or about to become liable to make any payment under this Act, apply the amount that would otherwise be refunded to that other liability and notify the corporation of that action. (3.1) Where a capital gains refund for a taxation year is paid to, or applied to a liability of, a corporation, the Minister shall pay or apply interest on the refund at the prescribed rate for the period beginning on the day that is the later of (a) the day that is 120 days after the end of the year, and (b) the day that is 30 days after the day on which the corporation’s return of income under this Part for the Mutual Fund Corporations year was filed under section 150, unless the return was filed on or before the day on or before which it was required to be filed, and ending on the day the refund is paid or applied. Excess interest on capital gains refund (3.2) Where at any particular time interest has been paid to, or applied to a liability of, a corporation under subsection 131(3.1) in respect of a capital gains refund and it is determined at a subsequent time that the capital gains refund was less than that in respect of which interest was so paid or applied, (a) the amount by which the interest that was so paid or applied exceeds the interest, if any, computed in respect of the amount that is determined at the subsequent time to be the capital gains refund shall be deemed to be an amount (in this subsection referred to as the “amount payable”) that became payable under this Part by the corporation at the particular time; (b) the corporation shall pay to the Receiver General interest at the prescribed rate on the amount payable, computed for the period during the particular time of payment; and (c) the Minister may at any time assess the corporation in respect of the amount payable and, where the Minister makes such an assessment, the provisions of Divisions I and J apply, with such modifications as the circumstances require, in respect of the assessment as though it had been made under section 152.
1 le total des montants établis selon l’alinéa 66.7(12.1)c) relativement au contribuable pour les années d’imposition se terminant avant ce moment; E le total des montants déduits dans le calcul du revenu du contribuable pour une année d’imposition se terminant avant ce moment, relativement à ses frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz; F le total des montants représentant chacun un montant relatif à un bien visé aux alinéas a), c) ou d) de la définition de avoir minier canadien au paragraphe 66(15) ou à un droit ou un intérêt sur celui-ci, à l’exclusion d’un tel droit ou intérêt que le contribuable détient en tant que bénéficiaire d’une fiducie ou associé d’une société de personnes, (appelé « bien donné » au présent élément) dont le contribuable a disposé avant ce moment : a) de l’excédent éventuel du produit de disposition tiré du bien donné, devenu à recevoir par le contribuable avant ce moment, sur toute dépense qu’il a engagée ou effectuée avant ce moment pour réaliser la disposition et qui n’était pas par ailleurs déductible pour l’application de la présente partie, sur le total : b) de l’excédent éventuel : (i) du total des montants qui seraient déterminés selon l’alinéa 66.7(5)a), immédiatement avant le moment (appelé « moment déterminé » au présent alinéa et à l’alinéa c)) auquel le produit de disposition est devenu à recevoir, relativement au contribuable et à un propriétaire obligé du bien donné (ou de tout autre bien acquis par le contribuable en même temps que le bien donné dans les circonstances déterminées au paragraphe 66.7(5) et pour lequel le produit de disposition est devenu à recevoir par le contribuable au moment déterminé) si, à la fois : (A) il n'était pas tenu compte des montants devenus à recevoir au moment déterminé ou après, (B) chaque désignation effectuée en application du sous-alinéa 66.7(4)(a)(iii) relativement à un montant devenu à recevoir avant le moment déterminé avait été effectuée avant ce moment, (C) il n'était pas tenu compte du passage « 10 % de » à l'alinéa 66.7(5)a), (D) il n'était pas tenu compte d'une réduction effectuée en application du paragraphe 80(8) au moment déterminé ou postérieurement, sur le total : (ii) des montants qui seraient déterminés selon l'alinéa 66.7(5)a) au moment déterminé relativement au contribuable et à un propriétaire obligé du bien donné (ou de l'autre bien visé au sous-alinéa (i)) si, à la fois : (A) il n'était pas tenu compte des montants devenus à recevoir après le moment déterminé, (B) chaque désignation effectuée en application du sous-alinéa 66.7(4)(a)(iii) relativement à un montant devenu à recevoir au moment déterminé avait été effectuée avant ce moment, (C) il n'était pas tenu compte du passage « 10 % de » à l'alinéa 66.7(5)a), (D) il n'était pas tenu compte d'une réduction effectuée en application du paragraphe 80(8) au moment déterminé ou postérieurement, (iii) de la partie du montant déterminé selon le présent alinéa qui est par ailleurs appliquée à la réduction du montant déterminé par ailleurs selon le présent élément, (c) de l'excédent éventuel : (i) du total des montants qui seraient déterminés selon l'alinéa 66.7(4)a), immédiatement avant le moment déterminé relativement au contribuable et à un propriétaire obligé du bien donné (ou de tout autre bien acquis par le contribuable en même temps que le bien donné dans les circonstances déterminées au paragraphe 66.7(4) et pour lequel le produit de disposition est devenu à recevoir par le contribuable au moment déterminé si, à la fois : (A) il n'était pas tenu compte des montants devenus à recevoir au moment déterminé ou après, (B) chaque désignation effectuée en application du sous-alinéa 66.7(4)(a)(iii) relativement à un montant devenu à recevoir au moment déterminé ou avant était effectuée avant ce moment, (C) il n'était pas tenu compte du passage « 30 % de » à l'alinéa 66.7(4)a), (D) il n'était pas tenu compte des montants visés au sous-alinéa 66.7(4)(a)(ii) et devenus à recevoir au moment déterminé, (E) il n'était pas tenu compte d'une réduction effectuée en application du paragraphe 80(8) au moment déterminé ou postérieurement, sur le total : (ii) des montants qui seraient déterminés selon l'alinéa 66.7(4)a) au moment déterminé relativement au contribuable et à un propriétaire d'origine d'un bien particulier (ou de cet autre bien visé au sous-alinéa (i)) si, à la fois : (A) il n'était pas tenu compte des montants devenus à recevoir après le moment déterminé, (B) chaque désignation effectuée en application du sous-alinéa 66.7(4)(a)(iii) relativement à un montant devenu à recevoir au moment déterminé ou avant était effectuée avant ce moment, (C) il n'était pas tenu compte du passage « 30 % de » à l'alinéa 66.7(4)a), (D) il n'était pas tenu compte des montants visés au sous-alinéa 66.7(4)(a)(ii) et devenus à recevoir au moment déterminé, (E) il n'était pas tenu compte d'une réduction effectuée en application du paragraphe 80(8) au moment déterminé ou postérieurement, (iii) de la partie du montant déterminé par ailleurs selon le présent alinéa qui est par ailleurs appliquée à la réduction du montant déterminé par ailleurs selon le présent alinéa; G le total des montants devenus à recevoir par le contribuable avant ce moment et qui doivent être inclus dans le montant calculé conformément au présent élément en vertu de l'alinéa 66.1(2.5)a); J is the total of all amounts that are required to be deducted before that time under paragraph 66.7(12)(d) in computing the taxpayer’s cumulative Canadian oil and gas property expense; (frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz) proceeds of disposition has the meaning assigned by section 54. (produit de disposition) Application of ss. 66(15) and 66.1(6) (5.1) The definitions in subsections 66(15) and 66.1(6) apply to this section. Exception H le total des montants dont chacun représente un montant reçu avant ce moment au titre d’un montant visé à l’élément C; I le total des montants à titre d’aide ou de contribution à recevoir ou est censé recevoir, concernant les frais à l’égard de biens canadiens relatifs au pétrole et au gaz engagés après 1980, qui peuvent raisonnablement s’y rapporter après 1980;
Section 84 does not apply to deem a dividend to have been paid by a corporation to any of its shareholders, or to deem any of the shareholders of a corporation to have received a dividend on any shares of the capital stock of the corporation, if at the time the dividend would, but for this subsection, be deemed by that section to have been so paid or received, as the case may be, the corporation was a mutual fund corporation. Sections not applicable (4.1) Sections 51, 85, 85.1, 86 and 87 do not apply to a taxpayer that holds a share (in this subsection referred to as the old share) of a class of shares, that is recognized under securities legislation as or as part of an investment fund, of a mutual fund corporation if the taxpayer exchanges or otherwise disposes of the old share for another share (in this subsection referred to as the new share) of a mutual fund corporation, unless (a) if the exchange or disposition occurs in the course of a transaction, event or series of transactions or events described in subsections 86(1) or 87(1), (i) all shares of the class (determined without reference to subsection 248(6)) that includes the old share at the time of the exchange or disposition are exchanged for shares of the class that includes the new share, (ii) the old share and the new share derive their value in the same proportion from the same property or group of properties, and (iii) the transaction, event or series was undertaken solely for bona fide purposes and not to cause this paragraph to apply; (b) if the old share and the new share are shares of the same class (determined without reference to subsection 248(6)) of shares of the same mutual fund corporation, (i) the old share and the new share derive their value in the same proportion from the same property or group of properties held by the corporation that is allocated to that class, and (ii) that class is recognized under securities legislation as or as part of a single investment fund; or (i) the old share and the new share derive their value in the same proportion from the same property or group of properties, and (ii) the shares are recognized under securities legislation as or as part of the same investment fund.
1 le total des montants qui, par l’effet du paragraphe 80(8), sont à appliquer en réduction des frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz du contribuable avant ce moment; J le total des montants à déduire avant ce moment selon l’alinéa 66.7(12)d) dans le calcul de ses frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz. (cumulative Canadian oil and gas property expense) produit de disposition S’entend au sens de l’article 54. (proceeds of disposition) Application des par. 66(15) et 66.1(6) (5.1) Les définitions figurant aux paragraphes 66(15) et 66.1(6) s’appliquent au présent article. Part d’un associé
A corporation that was a mutual fund corporation throughout a taxation year (a) is deemed for the purposes of paragraph 87(2)(aa) and section 129 to have been a private corporation throughout the year, except that its non-eligible refundable dividend tax on hand (as defined in subsection 129(4)) at the end of the year shall be determined without reference to paragraph (a) of that definition; and (b) where it was not an investment corporation throughout the year, is deemed for the purposes of Part IV to have been a private corporation throughout the year except that, in applying subsection 186(1) to the corporation in respect of the year, that subsection shall be read without reference to paragraph 186(1)(b). TCP gains distribution (5.1) If a mutual fund corporation elects under subsection (1) to treat a dividend as a capital gains dividend, for the purposes of this Part and Part XIII, (a) each shareholder to whom the dividend is paid is deemed to receive from the corporation, at the time the dividend is paid, a TCP gains distribution equal to the lesser of the amount of the dividend and the shareholder’s pro rata portion at that time of the mutual fund corporation’s TCP gains balance; and (b) where the dividend is paid to a shareholder who is a non-resident person or a partnership that is not a Canadian partnership, (i) subparagraph (1)(b)(ii) does not apply in respect of the dividend, to the extent of the TCP gains distribution, and (ii) the TCP gains distribution is a taxable dividend that, except for the purpose of the definition of capital gains dividend account in subsection (6), is not a capital gains dividend. (5.2) Subsection (5.1) applies to a dividend paid by a mutual fund corporation in a taxation year only if more than 5% of the dividend is received by or on behalf of Mutual Fund Corporations shareholders each of whom is a non-resident person or is a partnership that is not a Canadian partnership.
Pour l’application de la présente loi, et sauf disposition contraire au paragraphe (7), la part d’un contribuable — associé d’une société de personnes — sur un montant qui, sans l’alinéa 96(1)d), serait visé à l’élément D de la formule figurant à la définition de frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe (5), à l’alinéa a) de l’élément F de cette formule ou aux éléments G ou I de cette formule quant à la société de personnes pour son année d’imposition est réputée être un montant visé à cet élément D, cet alinéa a) de l’élément F ou ces éléments G ou I, selon le cas, quant au contribuable pour son année d’imposition au cours de laquelle l’année d’imposition de la société de personnes prend fin. Exception
In this section, capital gains dividend account of a mutual fund corporation at any time means the amount, if any, by which (i) its capital gains, for all taxation years that began more than 60 days before that time, from dispositions of property after 1971 and before that time while it was a mutual fund corporation, and (ii) all amounts each of which is an amount in respect of a distribution made by a trust to the corporation, at a time that is after its 2004 taxation year and at which it is a mutual fund corporation, in respect of capital gains of the trust equal to twice the amount determined by the following formula: A is the amount of the distribution, and B is the amount designated under subsection 104(21) by the trust in respect of the net taxable capital gains of the trust attributable to those capital gains (i) its capital losses, for all taxation years that began more than 60 days before that time, from dispositions of property after 1971 and before that time while it was a mutual fund corporation, (ii) all capital gains dividends that became payable by the corporation before that time and more than 60 days after the end of the last taxation year that ended more than 60 days before that time, and (iii) an amount equal to 100/14 of its capital gains refund for any taxation year throughout which it was a mutual fund corporation where the year ended more than 60 days before that time; (compte de dividendes sur les gains en capital) Mutual Fund Corporations capital gains redemptions of a mutual fund corporation for a taxation year means the amount determined by the formula A is the sum of (a) the total of all amounts paid by the corporation in the year on the redemption of shares of its capital stock, and (b) the total of all amounts each of which is an amount equal to the fair market value of the shares of the corporation’s capital stock that were exchanged in the year for other shares of the corporation’s capital stock if (i) paragraph (4.1) applies to the exchange, and (ii) the amount is not included in the amount determined for paragraph (a), B is the total of the fair market value at the end of the year of all the issued shares of its capital stock and the amount determined for A in respect of the corporation for the year, C is 100/104 of the corporation’s refundable capital gains tax on hand at the end of the year, and D is the amount determined by the formula K is the amount of the fair market value at the end of the year of all the issued shares of the corporation’s capital stock, L is the total of all amounts each of which is the amount of any debt owing by the corporation, or of any other obligation of the corporation to pay an amount, that was outstanding at that time, M is the total of the cost amounts to the corporation at that time of all its properties, and pro rata portion, of a shareholder at any time, of a mutual fund corporation’s TCP gains balance, in respect of a dividend paid by the mutual fund corporation on a class Mutual Fund Corporations of shares of its capital stock, means the amount determined by the formula A is the mutual fund corporation’s TCP gains balance immediately before that time, B is the amount received in respect of the dividend by the shareholder, and refundable capital gains tax on hand of a mutual fund corporation at the end of a taxation year means the amount determined by the formula A is the total of all amounts each of which is an amount in respect of any previous taxation year throughout which the corporation was a mutual fund corporation, equal to the lesser of (a) 28% of its taxable income for the year, (b) 28% of its taxed capital gains for the year, and (c) the tax payable by it under this Part for the year determined without reference to section 123.2, and B is the total of all amounts each of which is an amount in respect of any previous taxation year throughout which the corporation was a mutual fund corporation, equal to its capital gains refund for the year; (impôt en main remboursable au titre des gains en capital) TCP gains balance, of a mutual fund corporation at any time, means the amount, if any, by which (i) the mutual fund corporation’s capital gains from dispositions, after March 22, 2004 and at or before that time, of taxable Canadian properties, and (ii) the TCP gains distributions (including those defined in section 132) received by the mutual fund corporation at or before that time (i) the mutual fund corporation’s capital losses from dispositions, after March 22, 2004 and at or before that time, of taxable Canadian properties, and (ii) the total of all amounts deemed, in respect of dividends paid by the mutual fund corporation before that time, to be TCP gains distributions received by shareholders from the mutual fund corporation; (solde des gains provenant de BCI)
Pour l’application de la présente loi, la part d’une personne non-résidente — associé d’une société de personnes qui est réputée en application de l’alinéa 115(4)b) avoir disposé d’un avoir minier canadien — sur un montant qui, sans l’alinéa 96(1)d), serait visé à l’élément D de la formule figurant à la définition de frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe (5), à l’alinéa a) de l’élément F de Income Tax PART I Income Tax DIVISION B Computation of Income
In subsection 131(6), taxed capital gains of a taxpayer for a taxation year has the meaning assigned by subsection 130(3). Meaning of mutual fund corporation
— 1985, c. 1 (5th Supp.), s. 66.4; 1994, c. 7, Sch. II, s. 4; Sch. VIII, s. 26; 2001, c. 17, ss. 48(2), 203; c. 2, s. 7; 2013, c. 34, ss. 115, 210; 2019, c. 29, s. 66. Definition of cumulative offset account exceeds Change of control exceeds Impôt sur le revenu
Subject to subsection 131(8.1), a corporation is, for the purposes of this section, a mutual fund corporation at any time in a taxation year if, at that time, it was a prescribed labour-sponsored venture capital corporation or (a) it was a Canadian corporation that was a public corporation; (b) its only undertaking was (i) the investing of its funds in property (other than real property or an interest in real property or an immovable or a real right in an immovable), (ii) the acquiring, holding, maintaining, improving, leasing or managing of any real property (or interest in real property) or of any immovable (or real right in immovables) that is capital property of the corporation, or (iii) any combination of the activities described in subparagraphs 131(8)(b)(i) and 131(8)(b)(ii), and (c) the issued shares of the capital stock of the corporation included shares (i) having conditions attached thereto that included conditions requiring the corporation to accept, at the demand of the holder thereof and at prices determined and payable in accordance with the conditions, the surrender of the shares, or fractions or parts thereof, that are fully paid, or (ii) qualified in accordance with prescribed conditions relating to the redemption of the shares, and the fair market value of such of the issued shares of its capital stock as had conditions attached thereto that included such conditions or as were so qualified, as the case may be, was not less than 95% of the fair market value of all of the issued shares of the capital stock of the corporation (such fair market values being determined without regard to any voting rights attaching to shares of the capital stock of the corporation). Election to be a mutual fund corporation (8.01) A corporation is deemed to be a mutual fund corporation, from the date it was incorporated until the earlier of the following dates, if the corporation meets the conditions to qualify as a mutual fund corporation under subsection (8) and December 31, 2017, if the corporation (a) was incorporated after 2014 and before March 22, 2016; (b) would have been a mutual fund corporation on March 22, 2016 if it could have elected on or before that date to be a public corporation under paragraph (b) of the definition public corporation in subsection 89(1), had the conditions prescribed in paragraph 4800(1)(b) of the Income Tax Regulations been satisfied; (c) on March 22, 2016, had at least one class of shares that was recognized under securities legislation as an investment fund; and (d) elects to have this subsection apply in the corporation’s return of income for the corporation’s first taxation year that ends after March 21, 2016. (8.1) Where, at any time, it can reasonably be considered that a corporation, having regard to all the circumstances, including the terms and conditions of the shares of its capital stock, was established or is maintained primarily for the benefit of non-resident persons, the corporation shall be deemed not to be a mutual fund corporation after that time unless (a) throughout the period that begins on the later of February 21, 1990 and the day of its incorporation and ends at that time, all or substantially all of its property consisted of property other than property that would be taxable Canadian property if the definition taxable Canadian property in subsection 248(1) were read without reference to paragraph (b) of that definition; or (b) it has not issued a share (other than a share issued as a stock dividend) of its capital stock after February 20, 1990 and before that time to a person who, after reasonable inquiry, it had reason to believe was non-resident, except where the share was issued to that person under an agreement in writing entered into before February 21, 1990. Reduction of refundable capital gains tax on hand
Notwithstanding any other provision of this section, the amount determined for A in the definition refundable capital gains tax on hand in subsection 131(6) in respect of the 1972 or 1973 taxation year of a corporation is, (a) in respect of its 1972 taxation year, 91.25% of the amount so determined; and (b) in respect of its 1973 taxation year, the total of (i) 91.25% of that proportion of the amount so determined that the number of days in that portion of the year that is before 1973 is of the number of days in the whole year, and (ii) 100% of that proportion of the amount so determined that the number of days in that portion of the year that is after 1972 is of the number of days in the whole year. Restricted financial institution
Notwithstanding any other provision of this Act, a mutual fund corporation or an investment corporation that at any time would, but for this subsection, be a restricted financial institution shall, if it has so elected in prescribed manner and prescribed form before that time, Mutual Fund Corporations be deemed not to be a restricted financial institution at that time.
Notwithstanding any other provision of this Act, in applying this Act to a corporation that was at any time a prescribed labour-sponsored venture capital corporation, (a) for the purposes of subparagraphs (a)(i) and (ii) of the definition non-eligible refundable dividend tax on hand in subsection 129(4), the amount deducted under paragraph 111(1)(b) from the corporation’s income for each taxation year ending after that time shall be deemed to be nil; (b) the definition aggregate investment income in subsection 129(4) shall be read without reference to paragraph (a) of that definition in its application to taxation years that end after that time; (c) notwithstanding subsection 131(4), if it so elects in its return of income under this Part for a taxation year ending after that time, subsection 84(1) applies for that year and all subsequent taxation years; (e) the amount of the corporation’s capital dividend account at any time after that time shall be deemed to be nil. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] Capital gains refund to mutual fund trust
cette formule ou aux éléments G ou I de cette formule quant à la société de personnes pour une année d’imposition est réputée être un montant visé à cet élément D, cet alinéa a) de l’élément F ou ces éléments G ou I, selon le cas, quant à la personne pour son année d’imposition qui est réputée par l’alinéa 115(4)a) avoir pris fin. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] — L.R. (1985), ch. 1 (5e suppl.), art. 66.4; 1994, ch. 7, ann. II, art. 4; ann. VIII, art. 26; 2001, ch. 17, art. 48(2), 203; ch. 2, art. 7; 2013, ch. 34, art. 115, 210; 2019, ch. 29, art. 66. Déduction dans le calcul du revenu
(a) may, on sending the notice of assessment for the year, refund an amount (in this subsection referred to as its “capital gains refund” for the year) equal to the lesser of (A) 16.5% of the total of the trust’s capital gains redemptions for the year, and (B) the positive or negative amount, if any, that the Minister determines to be reasonable in the circumstances, after giving consideration to the percentages applicable in determining the trust’s capital gains refunds for the year or any previous taxation year and the percentages applicable in determining the trust’s refundable capital gains tax on hand at the end of the year, and (ii) the trust’s refundable capital gains tax on hand at the end of the year; and (b) shall, with all due dispatch, make that capital gains refund after sending the notice of assessment if an application for it has been made in writing by the trust within the period within which the Minister would be allowed under subsection 152(4) to assess tax payable under this Part by the trust for the year if that subsection were read without reference to paragraph 152(4)(a). Application to other liability
Définition de compte compensatoire cumulatif
Instead of making a refund that might otherwise be made under subsection 132(1) the Minister may, where the trust is liable or about to become liable to make any payment under this Act, apply the amount that would otherwise be refunded to that other liability and notify the trust of that action. (2.1) If a capital gains refund for a taxation year is paid to, or applied to a liability of, a mutual fund trust, the Minister shall pay or apply interest on the refund at the prescribed rate for the period beginning on the day that is 30 days after the later of (a) the day that is 90 days after the end of the year, and (b) the day on which the trust’s return of income under this Part for the year was filed under section 150 and ending on the day on which the refund is paid or applied. Excess interest on capital gains refund (2.2) Where at any particular time interest has been paid to, or applied to a liability of, a trust under subsection 132.2(1) in respect of a capital gains refund and it is determined at a subsequent time that the capital gains refund was less than that in respect of which interest was so paid or applied, (a) the amount by which the interest that was so paid or applied exceeds the interest, if any, computed in respect of the amount that is determined at the subsequent time to be the capital gains refund shall be deemed to be an amount (in this subsection referred to as the “amount payable”) that became payable under this Part by the trust at the particular time; (b) the trust shall pay to the Receiver General interest at the prescribed rate on the amount payable, computed from the particular time to the day of payment; and (c) the Minister may at any time assess the trust in respect of the amount payable and, where the Minister makes such an assessment, the provisions of sections 1 and J apply, with such modifications as the circumstances require, in respect of the assessment as though it had been made under section 152.
Pour l’application du présent article, compte compensatoire cumulatif s’entend du montant d’une société dont le solde correspond à l’excédent éventuel, à un moment donné, du total visé à l’alinéa a) sur le total visé à l’alinéa b): a) le total des montants à ajouter en vertu des paragraphes 66(14.1) et (14.2) dans le calcul de son compte compensatoire cumulatif de la société avant ce moment; b) le total des montants déduits en vertu du paragraphe (1) dans le calcul du revenu de la société pour les années d’imposition se terminant avant ce moment. Changement de contrôle
In its application in respect of a mutual fund trust, subsection 104(20) shall be read as if the reference therein to “a dividend (other than a taxable dividend)” were read as a reference to “a capital dividend”.
En cas d’acquisition, après le 5 juin 1987, du contrôle d’une société par une personne ou un groupe de personnes, le montant que la société peut déduire en vertu du paragraphe (1) dans le calcul de son revenu pour une année d’imposition se terminant après le moment de l’acquisition ne peut dépasser l’excédent éventuel du montant visé à l’alinéa a) sur le total visé à l’alinéa b): a) la partie de son revenu pour l’année qu’il est raisonnable de considérer comme attribuable à la production tirée d’avoir miniers canadiens qui lui appartenaient immédiatement avant ce moment; Income Tax PART I Income Tax DIVISION B Computation of Income
In this section, capital gains redemptions of a mutual fund trust for a taxation year means the amount determined by the formula A is the total of all amounts each of which is the portion of an amount paid by the trust in the year on the redemption of a unit in the trust that is included in the proceeds of disposition in respect of that redemption, B is the total of the fair market value at the end of the year of all the issued units of the trust and the amount determined for A in respect of the trust for the year, C is 100/16.5 of the trust’s refundable capital gains tax on hand at the end of the year, D is the amount determined by the formula K is the amount of the fair market value at the end of the year of all the issued units of the trust, L is the total of all amounts each of which is the amount of any debt owing by the trust, or any other obligation of the trust to pay an amount, that was outstanding at that time, M is the total of the cost amounts to the trust at that time of all its properties, and N is the amount of any money of the trust on hand at that time, and E is twice the total of all amounts each of which is an amount designated under subsection 104(21) for the year by the trust in respect of a unit of the trust redeemed by the trust at any time in the year and after December 21, 2000; (rachats au titre des gains en capital) net asset value has the same meaning as in National Instrument 81-102 Investment Funds, as amended from time to time, of the Canadian Securities Administrators; (valeur liquidative) pro rata portion, of a beneficiary, of a mutual fund trust’s TCP gains balance for a taxation year, in respect of an amount designated under subsection 104(21) by the mutual fund trust for the taxation year, means the amount determined by the formula A is the mutual fund trust’s TCP gains balance for the taxation year, B is the amount the mutual fund trust has designated under that subsection in respect of the beneficiary for the taxation year, and C is the total of all amounts designated under that subsection by the mutual fund trust for the taxation year; (partie proportionnelle) refundable capital gains tax on hand of a mutual fund trust at the end of a taxation year means the amount determined by the formula A is the total of all amounts each of which is an amount in respect of that or any previous taxation year throughout which the trust was a mutual fund trust, equal to the least of (a) the highest individual percentage for the year multiplied by its taxable income for the year, (b) the highest individual percentage for the year multiplied by its taxed capital gains for the year, and (c) where the taxation year ended after May 6, 1974, the tax payable under this Part by it for the year, and B is the total of all amounts each of which is an amount in respect of any previous taxation year throughout which the trust was a mutual fund trust, equal to its capital gains refund for the year; (impôt en main remboursable au titre des gains en capital) TCP gains balance, of a mutual fund trust for a particular taxation year, means the amount, if any, by which (i) the mutual fund trust’s capital gains from dispositions, after March 22, 2004 and at or before the end of the particular taxation year, of taxable Canadian properties, and (ii) the TCP gains distributions (including those defined in section 131) received by the mutual fund trust at or before the end of the particular taxation year (i) the mutual fund trust’s capital losses from dispositions, after March 22, 2004 and at or before the end of the particular taxation year, of taxable Canadian properties, and (ii) the total of all amounts deemed, in respect of amounts designated by the mutual fund trust under subsection 104(21) for taxation years that preceded the particular taxation year, to be TCP gains distributions received by beneficiaries under the mutual fund trust; (solde des gains provenant de BCI)
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1986, c. 2, s. 1; R.S., 1985, c. 1 (5th Supp.), s. 66.6; 1987, c. 46, s. 22. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 66.6; 1989, c. 19, s. 4. Income Tax PART I Income Tax DIVISION B Computation of Income
In subsection 132(4), taxed capital gains of a taxpayer for a taxation year has the meaning assigned by subsection 130(3). TCP gains distribution (5.1) If a mutual fund trust designates an amount under subsection 104(21) for a taxation year of the trust in respect of a beneficiary under the trust, for the purposes of this Part and Part XIII, (a) the beneficiary is deemed to have received from the mutual fund trust a TCP gains distribution equal to the lesser of (i) twice the amount designated, and (ii) the beneficiary’s pro rata portion of the mutual fund trust’s TCP gains balance for the taxation year; and (b) where the beneficiary is a non-resident person or a partnership that is not a Canadian partnership, (i) the amount designated is deemed by subsection 104(21) to be a taxable capital gain of the beneficiary only to the extent that it exceeds one half of the TCP gains distribution, and (ii) one half of the TCP gains distribution is to be added to the amount otherwise included under subsection 104(13) in computing the income of the beneficiary, and is deemed to be an amount to which paragraph 212(1)(c) applies. (5.2) Subsection (5.1) applies to an amount designated under subsection 104(21) by a mutual fund trust for a taxation year only if more than 5% of the total of all amounts each of which is an amount designated under that subsection by the mutual fund trust for the taxation year was designated in respect of beneficiaries under the mutual fund trust each of whom is a non-resident person or is a partnership that is not a Canadian partnership. Allocation to redeemers (5.3) If a trust that is a mutual fund trust throughout a taxation year paid or became payable, at any time in the taxation year, to a beneficiary an amount on a redemption by that beneficiary of a unit of the trust (in this subsection and subsection (5.31) referred to as the “allocated amount”) and the beneficiary’s proceeds from the disposition of that unit do not include the allocated amount, in computing its income for the taxation year no deduction may be made by the trust in respect of (a) the portion of the allocated amount that would be, without reference to subsection 104(6), an amount paid out of the income (other than taxable capital gains) of the trust; and (b) the portion of the allocated amount determined by the formula A is the portion of the allocated amount that would be, without reference to subsection 104(6), an amount paid out of the taxable capital gains of the trust, B is the beneficiary’s proceeds from the disposition of the unit on the redemption, C is the allocated amount, and D is the amount determined by the trustee to be the beneficiary’s cost amount of that unit, using reasonable efforts to obtain the information required to determine the cost amount. Allocations by ETFs (5.31) If in a taxation year referred to in subsection (5.3) (a) all of the units offered in the taxation year by a mutual fund trust are listed on a designated stock exchange in Canada and are in continuous distribution (in this subsection referred to as “ETF units”), then paragraph 132(5.3)(b) does not apply and, in computing its income for the taxation year, no deduction may be made by the trust in respect of the amount determined by the formula A is the portion of the total of all allocated amounts for the taxation year in respect of redemptions of ETF units by beneficiaries of the trust during that year that would be, without reference to subsection 104(6), amounts paid out of the taxable capital gains of the trust, B is the lesser of (i) the total amount paid for redemptions of the ETF units in the taxation year, and (A) the amount determined for C, and (B) the net asset value of the trust at the end of the previous taxation year, C is the net asset value of the trust at the end of the taxation year, and D is the amount that would be, without reference to subsection 104(6), the trust’s net taxable capital gains (as determined under subsection 104(21.3)) for the taxation year; or b) units offered by a mutual fund trust include units that are not ETF units (in this paragraph referred to as “non-ETF units”) and units that are ETF units, then (i) in respect of redemptions of ETF units, paragraph (5.3)(b) does not apply and paragraph (a) applies, except that (A) the description of C is to be read as “is the portion of the net asset value of the trust at the end of the taxation year that is referable to the ETF units,”, (B) clause (ii)(B) of the description of B shall be read as “the portion of the net asset value of the trust at the end of the previous taxation year that is referable to the ETF units,”, and (C) the amount determined for D shall be the amount determined by the formula E is the portion of the net asset value of the trust at the end of the taxation year that is referable to the ETF units, F is the net asset value of the trust at the end of the taxation year, and G is the amount that would be, without reference to subsection 104(6), the trust’s net taxable capital gains (as determined under subsection 104(21.3)) for the taxation year; and (ii) in respect of redemptions of non-ETF units, in addition to the limitation applicable under paragraph (5.3)(b), the total amount of the deductions that may be claimed by the trust for the taxation year for the portion of the allocated amounts described in the description of A in paragraph (5.3)(b) in respect of non-ETF units shall not exceed the amount determined by the formula H is the portion of the net asset value of the trust at the end of the taxation year that is referable to the non-ETF units, I is the net asset value of the trust at the end of the taxation year, and J is the amount that would be, without reference to subsection 104(6), the trust’s net taxable capital gains (as determined under subsection 104(21.3)) for the taxation year. Meaning of mutual fund trust
Impôt sur le revenu
Subject to subsection 132(7), for the purposes of this section, a trust is a mutual fund trust at any time if at that time (a) it was a unit trust resident in Canada, (b) its only undertaking was (i) the investing of its funds in property (other than real property or an interest in real property or an immovable or a real right in an immovable), (ii) the acquiring, holding, maintaining, improving, leasing or managing of any real property (or interest in real property) or of any immovable (or real right in immovables) that is capital property of the trust, or (iii) any combination of the activities described in subparagraphs 132(6)(b)(i) and 132(6)(b)(ii), and (c) it complied with prescribed conditions. Election to be mutual fund (6.1) Where a trust becomes a mutual fund trust at any particular time before the 91st day after the end of its first taxation year, and the trust so elects in its return of income for that year, the trust is deemed to have been a mutual fund trust from the beginning of that year until the particular time. Retention of status as mutual fund trust (6.2) A trust is deemed to be a mutual fund trust throughout a calendar year where (a) at any time in the year, the trust would, if this section were read without reference to this subsection, have ceased to be a mutual fund trust (i) because the condition described in paragraph 108(2)(a) ceased to be satisfied, (ii) because of the application of paragraph (6)(c), or (iii) because the trust ceased to exist; (b) the trust was a mutual fund trust at the beginning of the year; and (c) the trust would, throughout the portion of the year throughout which it was in existence, have been a mutual fund trust if (i) in the case where the condition described in paragraph 108(2)(a) was satisfied at any time in the year, that condition were satisfied throughout the year, (ii) subsection (6) were read without reference to paragraph (c) of that subsection, and (iii) this section were read without reference to this subsection.
Where, at any time, it can reasonably be considered that a trust, having regard to all the circumstances, including the terms and conditions of the units of the trust, was established or is maintained primarily for the benefit of non-resident persons, the trust shall be deemed not to be a mutual fund trust after that time unless (a) at that time, all or substantially all of its property consisted of property other than property that would be taxable Canadian property if the definition taxable Canadian property in subsection 248(1) were read without reference to paragraph (b) of that definition; or (b) it has not issued any unit (other than a unit issued to a person as a payment, or in satisfaction of the person’s right to enforce payment, of an amount out of the trust’s income determined before the application of subsection 104(6), or out of the trust’s capital gains) of the trust after February 20, 1990 and before that time to a person who, after reasonable inquiry, it had reason to believe was non-resident, except where the unit was issued to that person under an agreement in writing entered into before February 21, 1990. Amounts designated by mutual fund trust
(a) such amount as the trust may determine in respect of the particular unit for the year not exceeding the amount, if any, by which (i) the total of all amounts that were determined by the trust under subsection 104(16) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, for taxation years of the trust commencing before 1988 (ii) the total of all amounts determined by the trust under this paragraph for the year or a preceding taxation year in respect of all units of the trust, other than amounts determined in respect of the particular unit for the year under this paragraph, and (b) such amount as the trust may determine in respect of the particular unit for the year not exceeding the amount, if any, by which (i) the total of all amounts described in subparagraph 53(2)(h)(i.1) that became payable by the trust after 1987 and before the year (ii) the total of all amounts determined by the trust under this paragraph for the year or a preceding taxation year in respect of all units of the trust, other than amounts determined in respect of the particular unit for the year under this paragraph, the amount so designated shall (c) subject to subsection 132.1(3), be deductible in computing the income of the trust for the year, and (d) be included in computing the income of the taxpayer for the taxpayer’s taxation year in which the year of the trust ends, except where the particular unit was owned by two or more taxpayers during the year, such part of the amount so designated as the trust may determine shall be included in computing the income of each such taxpayer for the taxpayer’s taxation year in which the year of the trust ends if the total of the parts so determined is equal to the amount so designated. Adjusted cost base of unit where designation made
In computing, at any time in a taxation year of a taxpayer, the adjusted cost base to the taxpayer of a unit in a mutual fund trust, there shall be added that part of the amount included under subsection 132.1(1) in computing the taxpayer’s income that is reasonably attributable to the amount determined under paragraph 132.1(1)(b) by the trust for its taxation year ending in the year in respect of the unit owned by the taxpayer. Limitation on current year deduction
(A) soit au montant — inclus dans le calcul de son revenu pour l’année en vertu de l’alinéa 59(3.2)c) — qu’il est raisonnable de considérer comme attribuable à la disposition par la société remplaçante au cours de l’année ou d’une année d’imposition antérieure d’un droit sur l’avoir ou, pour l’application du droit civil, d’un droit relatif à cet avoir, dans la mesure où le produit de disposition n’a pas été inclus dans le calcul d’un montant en vertu de la division 29(25)d)(i)(A) des Règles concernant l’application de l’impôt sur le revenu, de la présente division, de la division (3)b)(i)(A) ou de l’alinéa (10)g), pour une année d’imposition antérieure, (B) soit à sa provision pour l’année provenant du propriétaire obligé et de chaque propriétaire antérieur de l’avoir, (C) soit à la production tirée de cet avoir, sur le total des montants suivants : (ii) les autres montants déduits en vertu du paragraphe 29(25) des Règles concernant l’application de l’impôt sur le revenu, du présent paragraphe et des paragraphes 66.7(3), 66.7(4) et 66.7(5) pour l’année qu’il est raisonnable de considérer comme attribuables à la partie de revenu visée au sous-alinéa (i), (iii) les montants ajoutés, par l’effet du paragraphe 80(13), dans le calcul du montant déterminé selon le sous-alinéa (i). Frais d’exploration et d’aménagement à l’étranger des sociétés remplaçantes
The total of amounts deductible by reason of paragraph 132.1(1)(c) in computing the income of a trust for a taxation year shall not exceed the amount that would be the income of the trust for the year if no deductions were made under this section and subsection 104(6).
Sous réserve des paragraphes (6) et (8), la société — appelée « société remplaçante » au présent paragraphe — qui a acquis, après 1971, un avoir minier étranger, par achat, fusion, inclusion, liquidation ou autrement, peut déduire dans le calcul de son revenu pour une année d’imposition un montant n’excédant pas le total des montants dont chacun représente le moins élevé des montants suivants, déterminé à l’égard d’un propriétaire obligé de l’avoir : a) l’excédent éventuel de : (i) le montant des frais d’exploration et d’aménagement à l’étranger que le propriétaire obligé a engagés avant de disposer de l’avoir, dans la mesure où ces frais ont été engagés au moment où il résidait au Canada, n’ont pas été déduits par ailleurs dans le calcul du revenu de la société remplaçante pour l’année, n’ont été déduits ni dans le calcul du (ii) the lesser of revenu de la société remplaçante pour une année d’imposition antérieure ni par un propriétaire antérieur de l’avoir dans le calcul de son revenu pour une année d’imposition et n’étaient pas déductibles par le propriétaire obligé dans le calcul de son revenu pour une année d’imposition, (ii) le total des montants qui, par l’effet du paragraphe 80(8), sont à appliquer en réduction de l’excédent visé au présent alinéa au plus tard à la fin de l’année; b) l’excédent éventuel du total des montants suivants : (i) la partie du revenu de la société remplaçante pour l’année — calculée comme si aucune déduction n’était admise en vertu du présent article et des articles 65 à 66.5 — qui est raisonnable de considérer comme attribuable : (A) soit au montant — inclus en vertu du paragraphe 59(1) dans le calcul de son revenu pour l’année — qu’il est raisonnable de considérer comme attribuable à la disposition par elle d’un intérêt ou d’un droit sur l’avoir ou, pour l’application du droit civil, d’un droit relatif à cet avoir, (B) soit à la production tirée de cet avoir, (ii) le moins élevé des montants suivants : (A) le total des montants dont chacun représente le montant désigné par la société remplaçante pour l’année relativement à un avoir minier canadien dont le propriétaire obligé était propriétaire immédiatement avant que la société remplaçante ou un propriétaire antérieur de l’avoir minier étranger ne l’acquière en même temps que celui-ci, à concurrence du montant inclus dans le revenu de la société remplaçante pour l’année, calculé comme si aucune déduction n’était admise en vertu de l’article 29 des Règles concernant l’application de l’impôt sur le revenu, du présent article et des articles 65 à 66.5, qu’il est raisonnable de considérer comme attribuable à la production tirée de l’avoir minier canadien après 1988, (B) l’excédent éventuel du montant correspondant à 10 % du montant visé à l’alinéa a) pour l’année concernant le propriétaire obligé sur le total des montants dont chacun représente un montant qui, sans le présent alinéa, la division (iii)(B) et le sous-alinéa (10h)(vi), serait calculé selon le présent alinéa pour l’année relativement à l’avoir minier étranger ou à un autre Method of allocation (i) the taxpayer’s specified foreign exploration and development expenses in respect of the country, and semblable avoir dont le propriétaire obligé était propriétaire immédiatement avant que la société remplaçante ou un propriétaire antérieur de l’avoir minier étranger ne l’acquière en même temps que celui-ci, sur le total des montants suivants : (iii) les autres montants déduits en application du présent paragraphe pour l’année et qu’il est raisonnable de considérer comme attribuables : (A) soit à la partie de son revenu pour l’année, visée au sous-alinéa (ii), relativement à l’avoir minier étranger, (B) soit à la partie de son revenu pour l’année, visée à la division (ii)(A), relativement à laquelle la société remplaçante désigne un montant en vertu de la division (ii)(A), (iv) les montants ajoutés, par l’effet du paragraphe 80(13), dans le calcul du montant déterminé selon le sous-alinéa (i). Le revenu relativement auquel un montant est désigné de la division (ii)(A) est, pour l’application de la clause 29(25)d)(i)(B) des Règles concernant l’application de l’impôt sur le revenu, des divisions (1)b)(i)(C), (3)b)(i)(C), (4)b)(i)(B) et (5)b)(i)(B) et du sous-alinéa (10)g)(iii), ne pas être attribuable à la production tirée d’un avoir minier canadien. Frais d’exploration et d’aménagement à l’étranger de sociétés remplaçantes — attribution par pays (2.1) Il est entendu que la partie d’un montant déduit en application du paragraphe (2), dans le calcul du revenu d’un contribuable pour une année d’imposition qui est raisonnable de considérer comme étant afférente à des frais d’exploration et d’aménagement à l’étranger déterminés du contribuable se rapportant à un pays est attribuable à une source située dans ce pays. Méthode d’attribution (2.2) Pour l’application du paragraphe (2.1), lorsqu’un contribuable a engagé des frais d’exploration et d’aménagement à l’étranger déterminés se rapportant à plusieurs pays, le montant attribué à chacun de ces pays pour une année d’imposition est déterminé d’une manière qui, à la fois : a) est raisonnable compte tenu des circonstances, y compris l’importance des éléments suivants et le moment auquel ils ont été engagés ou réalisés, selon le cas : (i) les frais d’exploration et d’aménagement à l’étranger déterminés du contribuable relativement au pays, Income Tax PART I Income Tax DIVISION B Computation of Income
The amount, if any, by which the total of all amounts each of which is an amount designated for the year under subsection 132.1(1) exceeds the amount deductible under this section in computing the income of the trust for the year, shall, for the purposes of paragraph 132.1(1)(c) and subsection 132.1(3), be deemed designated under subsection 132.1(1) by the trust for its immediately following taxation year. Where designation has no effect
Impôt sur le revenu
Where it is reasonable to conclude that an amount determined by a mutual fund trust (a) under paragraph 132.1(1)(a) or 132.1(1)(b) for a taxation year of the trust in respect of a unit owned at any time in the year by a taxpayer who was a person exempt from tax under this Part by reason of subsection 149(1), or (b) under paragraph 132.1(1)(d) for the year in respect of the amount designated under subsection 132.1(1) for the year in respect of the unit differs from the amount that would have been so determined for the year in respect of the taxpayer had the taxpayer not been a person exempt from tax under this Part by reason of subsection 149(1), the amount designated for the year in respect of the unit under subsection 132.1(1) shall have no effect for the purposes of paragraph 132.1(1)(c). (NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.) [1988, c. 55, s. 121.] Taxation year of mutual fund trust
(a) the trust’s taxation year that began before December 16 of the particular year and, but for this paragraph, would end at the end of the particular year (or, where the first taxation year of the trust began after December 15 of the preceding calendar year and no return of income was filed for a taxation year of the trust that ended at the end of the preceding calendar year, at the end of the preceding calendar year) is deemed to end at the end of December 15 of the particular year; (b) if the trust’s taxation year ends on December 15 because of paragraph (a), subject to subsection (1.1), each subsequent taxation year of the trust is deemed to be the period that begins at the beginning of December 16 of a calendar year and that ends at the end of December 15 of the following calendar year or at any earlier time that is determined under paragraph 128.1(4)(a), 132.2(3)(b), 142.6(1)(a) or 249(4)(a); and (c) each fiscal period of the trust that begins in a taxation year of the trust that ends on December 15 because of paragraph (a) or that ends in a subsequent taxation year of the trust shall end no later than the end of the year or the subsequent year, as the case may be. Revocation of election (1.1) Where a particular taxation year of a trust ends on December 15 of a calendar year because of an election made under paragraph (1)(a), the trust applies to the Minister in writing before December 15 of that calendar year (or before a later time that is acceptable to the Minister) to have this subsection apply to the trust, with the concurrence of the Minister (a) the trust’s taxation year following the particular taxation year is deemed to begin immediately after the end of the particular taxation year and end at the end of that calendar year; and (b) each subsequent taxation year of the trust is deemed to be determined as if that election had not been made. Electing trust’s share of partnership income and losses
Where a trust is a member of a partnership a fiscal period of which ends in a calendar year after December 15 of the year and a particular taxation year of the trust ends on December 15 of the year because of subsection (1), each amount otherwise determined under paragraph 96(1)(f) or (g) to be the trust’s income or loss for a subsequent taxation year of the trust is deemed to be the trust’s income or loss determined under paragraph 96(1)(f) or (g) for the particular year and not for the subsequent year. Electing trust’s income from other trusts
Where a particular trust is a beneficiary under another trust a taxation year of which (in this subsection referred to as “the other year”) ends in a calendar year after December 15 of the year and a particular taxation year of the trust ends on December 15 of the year because of subsection (1), each amount determined or designated under subsection 104(13), (19), (21), (22) or (29) for the other year that would otherwise be included, or taken into account, in computing the income of the particular trust for a subsequent taxation year of the trust shall (a) be included, or taken into account, in computing the particular trust’s income for the particular year; and (b) not be included, or taken into account, in computing the particular trust’s income for the subsequent year. Amounts paid or payable to beneficiaries
(ii) les frais d’exploration et d’aménagement à l’étranger déterminés du contribuable se rapportant au pays, (iii) les bénéfices ou les gains auxquels ces frais se rapportent; b) n’est pas incompatible avec l’attribution effectuée en application du paragraphe (2.1) pour l’année d’imposition précédente. Frais relatifs à des ressources à l’étranger de sociétés remplaçantes (2.3) Sous réserve des paragraphes (6) et (8), la société (appelée « société remplaçante » au présent paragraphe) qui a acquis un avoir minier étranger donné à l’égard d’un pays, par achat, fusion, immixtion, liquidation ou autrement, peut déduire dans le calcul de son revenu pour une année d’imposition un montant ne dépassant pas le total des montants suivants, déterminés relativement à un propriétaire obligé de l’avoir donné : a) 30 % de l’excédent éventuel : (i) des frais cumulatifs relatifs à des ressources à l’étranger du propriétaire obligé, se rapportant au pays, déterminés immédiatement après que ce dernier a disposé de l’avoir donné, dans la mesure où le montant de ces frais n’a été : (A) ni déduit par le propriétaire obligé ou un propriétaire antérieur de l’avoir donné dans le calcul de leur revenu pour une année d’imposition, (B) ni déduit par ailleurs dans le calcul du revenu de la société remplaçante pour l’année, (C) ni déduit par la société remplaçante dans le calcul de son revenu pour une année d’imposition antérieure, sur la somme des montants suivants : (ii) le total des montants représentant chacun un montant (sauf toute partie de ce montant qui peut raisonnablement être considéré comme entraînant une réduction du montant autrement déterminé au présent alinéa relativement à un autre propriétaire obligé d’un avoir minier déterminé qui n’est pas un propriétaire antérieur de l’avoir, ou est devenu un avant que le propriétaire obligé ne le devienne) qui est devenu à recevoir par un propriétaire antérieur de l’avoir donné, ou par la société remplaçante au cours de l’année ou d’une année (I) the particular property, or d’imposition antérieure, et qui remplit les conditions suivantes : (A) il a été inclus par le propriétaire antérieur ou par la société remplaçante dans le calcul d’un montant déterminé selon l’alinéa a) de l’élément F de la formule figurant à la définition de frais cumulatifs relatifs à des ressources à l’étranger au paragraphe 66.21(1) à la fin de l’année, (B) il est raisonnable de considérer qu’il est attribuable à la disposition d’un bien (appelé « avoir minier déterminé » au présent sous-alinéa) qui est : (I) soit l’avoir donné, (II) soit un autre avoir minier étranger se rapportant au pays que la société remplaçante ou un propriétaire antérieur de l’avoir donné a acquis du propriétaire obligé en même temps que l’avoir donné, (iii) le total des montants représentant chacun un montant qui, par l’effet du paragraphe 80(8), est à réduire au plus tard à la fin de l’année, et b) l’excédent éventuel de la somme des montants suivants : (i) la partie du revenu de la société remplaçante pour l’année, calculée comme si aucune déduction n’était admise en vertu de l’article 29 des Règles concernant l’application de l’impôt sur le revenu, du présent article ou de l’un des articles 65 à 66.5, qu’il est raisonnable de considérer comme étant attribuable à la production tirée de l’avoir donné; toutefois, dans le cas où la société remplaçante a acquis l’avoir donné auprès du propriétaire obligé au cours de l’année (autrement que dans le cadre d’une fusion ou d’une unification par ailleurs visée par le seul effet de l’alinéa 10(c)), et ne traitait pas avec lui à distance, le montant déterminé selon le présent sous-alinéa est réputé égal à zéro, (ii) sauf si le montant déterminé selon le sous-alinéa (i) est égal à zéro par l’effet de l’exception prévue à ce sous-alinéa, le moins élevé des montants suivants : (A) le total des montants représentant chacun le montant désigné par la société remplaçante pour l’année relativement à un avoir minier canadien dont le propriétaire obligé était propriétaire immédiatement avant que la société remplaçante --- Impôt sur le revenu (B) l’excédent éventuel du montant représentant 10 % du montant visé à l’alinéa a) pour l’année concernant le propriétaire obligé sur le total des montants représentant chacun un montant qui, si ce n’était le présent sous-alinéa, la division (2)(b)(iii)(B) et le sous-alinéa (10)(h)(vi), serait déterminé selon le présent alinéa pour l’année relativement à l’avoir minier étranger, se rapportant au pays, dont le propriétaire était propriétaire immédiatement avant que cet avoir soit acquis avec l’avoir minier en cause par le successeur ou par un autre propriétaire antérieur de l’avoir donné à l’acquéreur en même temps que celui-ci, jusqu’à concurrence du montant inclus dans le revenu de la société remplaçante pour l’année, calculé comme si aucune déduction n’était admise en vertu de l’article 29 des Règles concernant l’application de l’impôt sur le revenu, du présent article ou de l’un des articles 65 à 66.5, et qu’il est raisonnable de considérer comme étant attribuable à la production tirée de l’avoir minier canadien, sur la somme des montants suivants : (iii) les autres montants représentant chacun un montant déduit pour l’année en application du présent paragraphe ou du paragraphe (2) et qu’il est raisonnable de considérer comme étant attribuable : (A) soit à la partie de son revenu pour l’année, visée au sous-alinéa (i), relativement à l’avoir donné, (B) soit à une partie de son revenu pour l’année, visée à la division (ii)(A), relativement à laquelle la société remplaçante désigne un montant en vertu de cette division, (iv) les montants ajoutés, par l’effet du paragraphe 80(13), dans le calcul du montant déterminé selon le sous-alinéa (i). Le revenu relativement auquel un montant est désigné en vertu de la division b)(ii)(A) est réputé, pour l’application de la division 29(25)(d)(ii)(B) des Règles concernant l’application de l’impôt sur le revenu, des divisions (1)(b)(i)(C), (3)(b)(i)(C), (4)(b)(i)(B) et (5)(b)(i)(B) et du sous-alinéa (10)(g)(iii), ne pas être attribuable à la production tirée d’un avoir minier canadien. (i) the total of exceeds déduction n’était admise en vertu de l’article 29 des Règles concernant l’application de l’impôt sur le revenu, du présent article ou de l’un des articles 65 à 66.5 — qu’il est raisonnable de considérer comme attribuable : (A) soit au montant — inclus dans le calcul de son revenu pour l’année en vertu de l’alinéa 59(3.2)c) — qu’il est raisonnable de considérer comme attribuable à la disposition par elle au cours de l’année ou d’une année d’imposition antérieure d’un intérêt ou d’un droit relatif, pour l’application du droit civil, à un droit relatif à cet avoir, dans la mesure où le produit n’a pas été inclus dans le calcul d’un montant en vertu de la division 29(25)d)(i)(A) des Règles concernant l’application de l’impôt sur le revenu, de la présente division, de la division (1)b)(i)(A) ou de l’alinéa (10)g), pour une année d’imposition antérieure, (B) soit à sa provision pour l’année provenant du propriétaire originaire et, éventuellement, de chaque propriétaire antérieur de l’avoir, (C) soit à la production tirée de cet avoir, sur le total des montants suivants : (ii) les autres montants déduits en vertu du paragraphe 29(25) des Règles concernant l’application de l’impôt sur le revenu, du présent paragraphe et des paragraphes (1), (4) et (5) pour l’année et qu’il est raisonnable de considérer comme attribuables à la partie de son revenu visée au sous-alinéa (i), (iii) les montants ajoutés, par l’effet du paragraphe 80(13), dans le calcul du montant déterminé selon le sous-alinéa (i). Frais d’aménagement au Canada des sociétés remplacées
Notwithstanding subsection 104(24), for the purposes of subsections (5) and (6) and 104(6) and (13) and paragraph (i) of the definition disposition in subsection 248(1) each amount that is paid, or that becomes payable, by a trust to a beneficiary after the end of a particular taxation year of the trust that ends on December 15 of a calendar year because of subsection (1) and before the end of that calendar year, is deemed to have been paid or to have become payable, as the case may be, to the beneficiary at the end of the particular year and not at any other time. Special rules where change in status of beneficiary
Sous réserve des paragraphes (6) et (7), la société — appelée « société remplaçante » au présent paragraphe — qui a acquis, après le 6 mai 1974, un avoir minier canadien (par achat, fusion, liquidation, liquidation ou autrement), peut déduire dans le calcul de son revenu pour une année d’imposition un montant qui ne dépasse pas le total des montants, déterminés en rapport avec une propriété antérieure de cet avoir : a) 30 % de l’excédent éventuel : (i) de l’excédent éventuel du montant visé à la division (A) sur le montant visé à la division (B): (A) les frais cumulatifs d’aménagement au Canada du propriétaire obligé, calculés immédiatement après que ce dernier a disposé de l’avoir, dans la mesure où le montant de ces frais n’a été : (I) ni déduit par le propriétaire obligé ou un propriétaire antérieur de l’avoir dans le calcul de leur revenu pour une année d’imposition, (I.1) ni déduit par ailleurs dans le calcul du revenu de la société remplaçante pour l’année, (II) ni déduit par la société remplaçante dans le calcul de son revenu pour une année d’imposition antérieure, (III) ni désigné par le propriétaire obligé pour une année d’imposition conformément au paragraphe 66(14.2), (B) le montant à déduire en vertu de l’alinéa (9)(e) des frais cumulatifs d’aménagement au Canada soit du propriétaire obligé en rapport avec un propriétaire antérieur de l’avoir, soit de la société remplaçante, selon le cas, à un moment donné après que le propriétaire obligé a disposé de l’avoir et avant la fin de l’année, sur le total : (ii) du total des montants représentant chacun un montant (sauf la partie de ce montant qu’il est raisonnable de considérer comme entraînant par ailleurs selon le présent alinéa relativement à un autre propriétaire obligé d’un bien minier donné qui soit n’est pas un propriétaire antérieur du bien minier donné ou soit en est devenu un avant que le propriétaire obligé ne le devienne) qui est devenu à recevoir par un propriétaire antérieur de l’avoir ou par la société remplaçante au cours de l’année ou d’une année d’imposition antérieure et qui remplit les conditions suivantes : (A) il a été inclus par le propriétaire antérieur ou par la société remplaçante dans le calcul d’un montant déterminé selon l’alinéa a) de l’élément F de la formule figurant à la définition de frais cumulatifs d’aménagement au Canada au paragraphe 66.2(5) à la fin de l’année, (B) il est raisonnable de le considérer comme attribuable à la disposition d’un bien (appelé « bien minier donné » au présent sous-alinéa) qui est soit l’avoir, soit un autre avoir minier canadien que la société remplaçante ou un propriétaire antérieur de l’avoir a acquis du propriétaire obligé en même temps que l’avoir, (iii) des montants représentant chacun un montant (sauf la partie de ce montant qu’il est raisonnable de considérer comme entraînant une réduction du montant déterminé par ailleurs selon l’alinéa (5)a) relativement au propriétaire obligé, soit selon le présent alinéa ou l’alinéa (5)a) relativement à un autre propriétaire obligé d’un bien donné relatif au pétrole et au gaz qui soit n’est pas un propriétaire antérieur d’un bien, soit en est devenu un avant que le propriétaire obligé ne le devienne) qui est venu à recevoir par un propriétaire antérieur de l’avoir ou par la société remplaçante après 1992 et au cours de l’année ou d’une année d’imposition antérieure et qui remplit les conditions suivantes : (A) il a été désigné relativement au propriétaire obligé par le propriétaire antérieur ou par la société remplaçante, selon le cas, sur formulaire prescrit remis au ministre dans les six mois suivant la fin de l’année d’imposition au cours de laquelle le montant est devenu à recevoir, (B) il a été inclus par le propriétaire antérieur ou par la société remplaçante dans le calcul d’un montant déterminé selon l’alinéa a) de l’élément F de la formule figurant à la définition de frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe 66.4(5) à la fin de l’année, (C) il est raisonnable de le considérer comme attribuable à la disposition d’un bien (appelé « bien donné relatif au pétrole et au gaz » au présent sous-alinéa) qui est soit l’avoir, soit un autre bien canadien relatif aux ressources que la société remplaçante ou un propriétaire antérieur de l’avoir a acquis du propriétaire obligé en même temps que l’avoir; (iv) des montants qui, par l’effet du paragraphe 80(8), sont à appliquer en réduction du montant visé au présent alinéa au plus tard à la fin de l’année; b) l’excédent éventuel du montant suivant : (i) la partie du revenu de la société remplaçante pour l’année — calculée comme si aucune déduction n’était permise en vertu de l’article 29 Règles concernant l’application de l’impôt sur le revenu, du présent article ou de l’un des articles 65 Income Tax PART I Income Tax DIVISION B Computation of Income
Where an amount is deemed by subsection (4) to have been paid or to have become payable at the end of December 15 of a calendar year by a trust to a beneficiary who was not a beneficiary under the trust at that time, (a) notwithstanding any other provision of this Act, where the beneficiary did not exist at that time, except for the purpose of this paragraph, the first taxation year of the beneficiary is deemed to include the period that begins at that time and ends immediately before the beginning of the first taxation year of the beneficiary; (b) the beneficiary is deemed to exist throughout the period described in paragraph (a); and (c) where the beneficiary was not a beneficiary under the trust at that time, the beneficiary is deemed to have been a beneficiary under the trust at that time. Additional income of electing trust
Impôt sur le revenu
Where a particular amount is designated under this subsection by a trust in its return of income for a particular taxation year that ends on December 15 because of subsection (1) or throughout which the trust was a mutual fund trust and the trust does not designate an amount under subsection 104(13.1) or (13.2) for the particular year, (a) the particular amount shall be added in computing its income for the particular year; and (b) for the purposes of subsections 104(6) and (13), each portion of the particular amount that is allocated under this paragraph to a beneficiary under the trust in the trust’s return of income for the particular year in respect of an amount paid or payable to the beneficiary in the particular year shall be considered to be additional income of the trust for the particular year (determined without reference to subsection 104(6)) that was paid or payable, as the case may be, to the beneficiary at the end of the particular year.
Subject to subsection (8), the lesser of the amount designated under subsection (6) by a trust for a taxation year and the total of all amounts each of which is allocated by the trust under paragraph (6)(b) in respect of the year shall be deducted in computing the trust’s income for the following taxation year. Anti-avoidance
Subsection (7) does not apply in computing the income of a trust for a taxation year where it is reasonable to consider that the designation under subsection (6) for the preceding taxation year was part of a series of transactions or events that includes a change in the composition of beneficiaries under the trust. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] Definitions re qualifying exchange of mutual funds
qualifying exchange means a transfer at any time (in this section referred to as the “transfer time”) if (a) the transfer is a transfer of all or substantially all of the property (including an exchange of a unit of a mutual fund trust for another unit of that trust) of (i) a mutual fund corporation (other than a SIFT wind-up corporation) to one or more mutual fund trusts, or (ii) a mutual fund trust to a mutual fund trust; (b) all or substantially all of the shares issued by the mutual fund corporation referred to in subparagraph (a)(i) or the first mutual fund trust referred to in subparagraph (a)(ii) (in this section referred to as the “transferor”) and outstanding immediately before the transfer are within 60 days after the transfer time disposed of to the transferor; (c) no person disposing of shares of the transferor to the transferor within that 60-day period (otherwise than pursuant to the exercise of a statutory right of dissent) receives any consideration for the shares other than units of one or more mutual fund trusts referred to in subparagraph (a)(i) or the second mutual fund trust referred to in subparagraph (a)(ii) (in this section referred to as a “transferee” and, together with the transferor, as the “funds”); (d) if property of the transferor has been transferred to more than one transferee, (i) all shares of each class of shares, that is recognized under securities legislation as or as part of an investment fund, of the transferor are disposed of to the transferor within 60 days after the transfer time, and (ii) the units received in consideration for a particular share of a class of shares, that is recognized under securities legislation as or as part of an investment fund, of the transferor are units of the transferee to which all or substantially all of the assets that were allocated to that investment fund immediately before the transfer time were transferred; and (e) the funds jointly so elect, by filing a prescribed form with the Minister on or before the election’s due date. (échange admissible) share means a share of the capital stock of a mutual fund corporation and a unit of a mutual fund trust. (action)
(B) soit à la production tirée de cet avoir, sauf que, dans le cas où la société remplaçante acquiert l’avoir auprès du propriétaire obligé au cours de l’année (autrement que dans le cadre d’une fusion ou d’une unification ou que pour un effet de l’alinéa (10)c)), et à un lien de dépendance avec le propriétaire obligé au moment de l’acquisition, le montant déterminé en vertu du présent sous-alinéa est réputé égal à zéro, sur le total des montants suivants : (ii) les autres montants déduits en vertu du paragraphe 29(25) des Règles concernant l’application de l’impôt sur le revenu, du présent paragraphe et des paragraphes (1), (3) et (5) pour l’année qui peuvent raisonnablement être considérés comme attribuables à la partie de son revenu visée au sous-alinéa (4)b)(i), (iii) les montants ajoutés, par l’effet du paragraphe 80(13), dans le calcul du montant déterminé selon le sous-alinéa (i). Frais à l’égard de biens canadiens relatifs au pétrole et au gaz des sociétés remplaçantes
In respect of a qualifying exchange, a time referred to in the following list immediately follows the time that precedes it in the list (c) the acquisition time; (f) the second intervening time; and (g) the depreciables acquisition time. General
Sous réserve des paragraphes (6) et (7), la société — appelée « société remplaçante » au présent paragraphe — qui a acquis, après le 11 décembre 1979, un avoir minier canadien, par achat, fusion, unification, liquidation ou autrement, peut déduire dans le calcul de son revenu pour une année d’imposition un montant qui ne dépasse pas le total des montants suivants, déterminés à l’égard de chaque propriétaire antérieur de l’avoir : a) 10 % de l’excédent éventuel du montant suivant : (i) les frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz du propriétaire obligé calculés immédiatement après que ce dernier a disposé de l’avoir, dans la mesure où ils n’ont été : (A) ni déduits par le propriétaire obligé ou un propriétaire antérieur de l’avoir, dans le calcul de leur revenu pour une année d’imposition, (A.1) ni déduits par ailleurs dans le calcul du revenu de la société remplaçante pour l’année, Income Tax PART I Income Tax DIVISION B Computation of Income
In respect of a qualifying exchange, (a) each property of a fund, other than property disposed of by the transferor to a transferee at the transfer time and depreciable property, is deemed to have been disposed of, and to have been reacquired by the fund, at the first intervening time, for an amount equal to the lesser of (i) the fair market value of the property at the transfer time, and (A) its cost amount, and (B) the amount that the fund designates in respect of the property in a notification to the Minister accompanying the election in respect of the qualifying exchange; (a.1) in respect of each property transferred by the transferor to a transferee, including an exchange of a unit of a transferee for another unit of that transferee, the transferor is deemed to have disposed of the property to the transferee, and to have received units of the transferee as consideration for the disposition of the property, at the transfer time; (b) subject to paragraph (1), the last taxation years of the funds that begin before the transfer time are deemed to have ended at the acquisition time, and their first post-exchange years are deemed to have begun immediately after those last taxation years ended; (c) each depreciable property of a fund (other than property to which subsection (5) applies and property to which paragraph (d) would, if this Act were read without reference to this paragraph, apply) is deemed to have been disposed of, and to have been reacquired, by the fund at the second intervening time for an amount equal to the lesser of (i) the fair market value of the property at the depreciables disposition time, and (A) the lesser of its capital cost and its cost amount to the disposing fund at the depreciables disposition time, and (B) the amount that the fund designates in respect of the property in a notification to the Minister accompanying the election in respect of the qualifying exchange; (d) if at the second moment intervening, the reduced capital cost to a fund of depreciable property of a prescribed class exceeds the fair market value of all the property of that class, the excess is to be deducted in computing the fund’s income for the taxation year that includes the transfer time and is deemed to have been allowed in respect of property of that class under regulations made for the purpose of paragraph 20(1)(a); (e) except as provided in paragraph (m), the transferor’s cost of any particular property received by the transferor from a transferee as consideration for the disposition of the property is deemed to be (i) nil, if the particular property is a unit of the transferee, and (ii) the particular property’s fair market value at the transfer time, in any other case; (f) the transferor’s proceeds of disposition of any units of a transferee that were disposed of by the transferor at any particular time that is within 60 days after the transfer time in exchange for shares of the transferee, are deemed to be equal to the cost amount of the units to the transferor immediately before the particular time; (g) if, at any particular time that is within 60 days after the transfer time, a taxpayer disposes of shares of the transferor to the transferee in exchange for units of a transferee (i) the taxpayer's proceeds of disposition of the shares and the cost to the taxpayer of the units are deemed to be equal to the cost amount to the taxpayer of the shares immediately before the particular time, (ii) for the purposes of applying section 116 in respect of the disposition, the shares are deemed to be excluded property of the taxpayer, (iii) where the qualifying exchange occurs after 2004, for the purposes of applying section 218.3 in respect of that exchange, the payment or crediting of the units to the taxpayer by the transferor is deemed not to be an assessable distribution, (iv) where all of the taxpayer's shares of the transferor have been so disposed of, for the purpose of applying section 39.1 in respect of the taxpayer after that disposition, the transferee is deemed to be the same entity as the transferor, (v) for the purpose of the definition designated beneficiary in section 210, the units are deemed not to have been held at any time by the transferor, (vi) if the taxpayer is at the particular time affiliated with the transferor or the transferee, (A) those units are deemed not to be identical to any other units of the transferee, (B) if the taxpayer is the transferee, and the units cease to exist when the taxpayer acquires them (or, for greater certainty, when the taxpayer would but for that cessation have acquired them), the taxpayer is deemed (I) to have acquired those units at the particular time, and (II) to have disposed of those units immediately after the particular time for proceeds of disposition equal to the cost amount to the taxpayer of those units at the particular time, and (C) in any other case, for the purpose of computing any gain or loss of the taxpayer from the taxpayer's first disposition, after the particular time, of each of those units, (l) if that disposition is a renunciation or surrender of the unit by the taxpayer for no consideration, and is not in favour of any person other than the transferee, the taxpayer’s proceeds of disposition of that unit are deemed to be equal to that unit’s cost amount to the taxpayer immediately before that disposition, and (II) if subclause (I) does not apply, the taxpayer’s proceeds of disposition of that unit are deemed to be equal to the greater of that unit’s fair market value and its cost amount to the taxpayer immediately before that disposition; (h) where a share to which paragraph (g) applies would, if this Act were read without reference to this paragraph, cease to be a qualified investment (within the meaning assigned by subsection 146(1), 146.1(1), 146.3(1) or 146.4(1), section 204 or subsection 207.01(1)) as a consequence of the qualifying exchange, the share is deemed to be a qualified investment until the earlier of the day that is 60 days after the day that includes the transfer time and the time at which it is disposed of in accordance with paragraph (g); (i) there shall be added to the amount determined under the description of A in the definition refundable capital gains tax on hand in subsection 132(4) in respect of a transferee for its taxation years that begin after the transfer time the amount determined by the formula A is the transferee’s refundable capital gains tax on hand (within the meaning assigned by subsection 131(6) or 132(4), as the case may be) at the end of its taxation year that includes the transfer time, B is the transferor’s capital gains refund (within the meaning assigned by paragraph 131(2)(a) or 132(1)(a), as the case may be) for that year, C is the total fair market value of property of the transferor disposed of to, net of liabilities assumed by, the transferee on the qualifying exchange, and D is the total fair market value of property of the transferor disposed of to, net of liabilities assumed by, all transferees on the qualifying exchange; (j) no amount in respect of a non-capital loss, net capital loss, restricted farm loss, farm loss or limited partnership loss of a fund for a taxation year that began before the transfer time is deductible in computing the taxable income of any of the funds for a taxation year that begins after the transfer time; (k) if the transferor is a mutual fund trust, for the purposes of subsections 132.1(1) and (3) to (5), the transferee is deemed after the transfer time to be the same mutual fund trust as, and a continuation of, the transferor; (l) if the transferor is a mutual fund corporation (i) for the purpose of subsection 131(4) but, for greater certainty, without having any effect on the computation of any amount determined under this Part, the transferor is deemed in respect of any share disposed of in accordance with paragraph (g) to be a mutual fund corporation at the time of the disposition, (ii) for the purpose of Part I.3 but, for greater certainty, without having any effect on the computation of any amount determined under this Part, the transferor’s taxation year that, in its absence, would have included the transfer time is deemed to have ended immediately before the transfer time, and (iii) for the purpose of subsection 131(1), a dividend that is made payable at a particular time after the acquisition time but within the 60-day period commencing immediately after the transfer time, and paid before the end of that period, by the transferor to taxpayers that held shares of a class of shares described under securities legislation as or as part of an investment fund, immediately before the transfer time is deemed to have become payable at the first intervening time if the transferor so elects in respect of the full amount of the dividend in prescribed manner on or before the day on which any part of the dividend was paid; (m) for the purpose of determining the funds’ capital gains redemptions (as defined in subsection 131(6) or 132(4), as the case may be), for their taxation years that include the transfer time, (i) the total of the cost amounts to the transferor of all its properties at the end of the year is deemed to be the total of all amounts each of which is (A) the transferor’s proceeds of disposition of a property that was transferred to a transferee on the qualifying exchange, or (B) the cost amount to the transferor at the end of the year of a property that was not transferred on the qualifying exchange, (ii) a transferee is deemed not to have acquired any property that was transferred to it on the qualifying exchange, and (iii) the amounts determined under the descriptions of A and B in the definition capital gains redemptions shall be determined as if the year ended immediately before the transfer time; (n) except as provided in subparagraph (l)(i), the transferor is, notwithstanding subsections 131(8) and (8.01) and 132(6), deemed to be neither a mutual fund corporation nor a mutual fund trust for taxation years that begin after the transfer time; and (o) for the purpose of applying subsection 132(5.31) to a fund for a taxation year that includes the transfer time, the following amounts are to be determined as if the taxation year ended immediately before the transfer time: (i) if paragraph 132(5.31)(a) applies, the amounts determined under the descriptions of B, C and D in that paragraph, and (A) the amounts determined for B and C in paragraph 132(5.31)(a), for the purpose of subparagraph 132(5.31)(b)(i), (B) the amounts determined for D, E, F and G in clause 132(5.31)(b)(i)(C), and (C) the amounts determined for H, I and J in subparagraph 132(5.31)(b)(ii). Qualifying exchange — non-depreciable property
Impôt sur le revenu
If a transferor transfers a property, other than a depreciable property, to a transferee in a qualifying exchange, (a) the transferee is deemed to have acquired the property at the acquisition time and not to have acquired the property at the transfer time; (b) the transferor’s proceeds of disposition of the property and the transferee’s cost of the property are deemed to be the lesser of (i) the fair market value of the property at the transfer time, and (A) the cost amount to the transferor of the property at the transfer time, (B) the amount that the transferor and the transferee agree on in respect of the property in their election, and (C) the fair market value at the transfer time of the consideration (other than units of the transferee) received by the transferor for the disposition of the property; and (c) if the property is a unit of the transferee and the unit ceases to exist when the transferee acquires it (or, for greater certainty, when the transferee would but for that cessation have acquired it), paragraphs (a) and (b) do not apply to the transferee.
If a transferor transfers a depreciable property to a transferee in a qualifying exchange, (a) the transferor is deemed to have disposed of the property at the depreciables disposition time, and not to have disposed of the property at the transfer time; (b) the transferee is deemed to have acquired the property at the depreciables acquisition time, and not to have acquired the property at the transfer time; and (c) the transferor’s proceeds of disposition of the property and the transferee’s cost of the property are deemed to be the lesser of (i) the fair market value of the property at the transfer time, and (A) the cost amount to the transferor of the property at the transfer time, (B) the amount that the transferor and the transferee agree on in respect of the property in their election, and (C) the fair market value at the transfer time of the consideration (other than units of the transferee) received by the transferor for the disposition of the property. (A) the lesser of its capital cost and its cost amount to the transferor immediately before the depreciables disposition time, (B) the amount that the transferor and the transferee agree on in respect of the property in their election, and (C) the fair market value at the transfer time of the consideration (other than units of the transferee) received by the transferor for the disposition of the property; (d) where the capital cost of the property to the transferor exceeds the transferor’s proceeds of disposition of the property under paragraph (c), for the purposes of sections 13 and 20 and any regulations made for the purpose of paragraph 20(1)(a), (i) the property’s capital cost to the transferee is deemed to be the amount that was its capital cost to the transferor, and (ii) the excess is deemed to have been allowed to the transferee in respect of the property under regulations made for the purpose of paragraph 20(1)(a) in computing income for taxation years ending before the transfer time; and (e) where two or more depreciable properties of a prescribed class are disposed of by the transferor to the transferee in the same qualifying exchange, paragraph (c) applies as if each property so disposed of had been separately disposed of in the order designated by the transferor at the time of making the election in respect of the qualifying exchange or, if the transferor does not so designate any such order, in the order designated by the Minister.
The due date of an election referred to in paragraph (c) of the definition qualifying exchange in subsection (1) is (a) the day that is six months after the day that includes the transfer time; and (b) on joint application by the funds, any later day that the Minister accepts. Amendment or revocation of election
The Minister may, on joint application by the funds on or before the due date of an election referred to in Non-Resident-Owned Investment Corporations
(B) ni déduits par la société remplaçante dans le calcul de son revenu pour une année d’imposition antérieure, sur le total des montants suivants : (ii) le total des montants représentant chacun un montant (sauf la partie de ce montant qu’il est raisonnable de considérer comme entraînant une réduction du montant déterminé par ailleurs selon le présent alinéa ou l’alinéa (4)a) relativement à un autre propriétaire obligé d’un bien donné relatif au pétrole et au gaz qui soit n’est pas un propriétaire antérieur d’un tel bien, soit en est devenu un avant que le propriétaire obligé de ce bien soit devenu un propriétaire antérieur de ce bien) qui est venu à recevoir par un propriétaire antérieur de l’avoir ou par la société remplaçante au cours de l’année ou d’une année d’imposition antérieure et qui remplit les conditions suivantes : (A) il a été inclus par le propriétaire antérieur ou par la société remplaçante dans le calcul d’un montant déterminé selon l’alinéa a) de l’élément F de la formule figurant à la définition de frais cumulés à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe 66.4(5) à la fin de l’année, (B) il est raisonnable de le considérer comme attribuable à la disposition d’un bien (appelé « bien donné relatif au pétrole et au gaz » au présent sous-alinéa) qui est soit l’avoir, soit un autre bien canadien relatif aux ressources que la société remplaçante ou un propriétaire antérieur de l’avoir a acquis du propriétaire obligé en même temps que l’avoir; (iii) le total des montants représentant chacun un montant qui, par l’effet du paragraphe 80(8), est à appliquer en réduction du montant visé au présent alinéa au plus tard à la fin de l’année; b) l’excédent éventuel du montant suivant : (i) la partie du revenu de la société remplaçante pour l’année — calculée comme si aucune déduction n’était autorisée en vertu de l’article 29 des Règles concernant l’application de l’impôt sur le revenu, du présent article ou de l’un des articles 65 à 66.5 — qu’il est raisonnable de considérer comme attribuable : (A) soit à sa provision pour l’année provenant du propriétaire obligé et de chaque propriétaire antérieur de l’avoir, (B) soit à la production tirée de cet avoir, Income Tax PART I Income Tax DIVISION B Computation of Income
(a) no deduction may be made in respect of interest on its bonds, debentures, securities or other indebtedness, and (b) no deduction may be made under subsection 65(1), and its income and taxable income shall be computed as follows: (c) the only taxable capital gains and allowable capital losses referred to in paragraph 3(b) were from dispositions of taxable Canadian property, (d) any taxable capital gain or allowable capital loss of the corporation were an amount equal to twice the amount thereof otherwise determined, and (e) subsection 83(2) were read without reference to paragraph 83(2)(b). Non-resident-owned investment corporations
Where s. 29(25) of ITAR and ss. (1) to (5) do not apply
In computing the taxable income of a non-resident-owned investment corporation for a taxation year, no deduction may be made from its income for the year, except (a) interest received in the year from other non-resident-owned investment corporations; (b) taxes paid to the government of a country other than Canada in respect of any part of the income of the corporation for the year derived from sources therein; and (c) net capital losses as provided for by section 111. Special tax rate
Subsection 29(25) of the Income Tax Application Rules and subsections 66.7(1) to 66.7(5) do not apply Application of s. 29(25) of ITAR and ss. (1), (3), (4) and (5) Impôt sur le revenu
The tax payable under this Part by a corporation for a taxation year when it was a non-resident-owned investment corporation is an amount equal to 25% of its taxable income for the year. No deduction for foreign taxes
No deduction from the tax payable under this Part by a non-resident-owned investment corporation may be made under section 124 or in respect of taxes paid to the government of a country other than Canada. Allowable refund to non-resident-owned investment corporations
If the return of a non-resident-owned investment corporation’s income for a taxation year has been made within 3 years from the end of the year, the Minister (a) may, on sending the notice of assessment for the year, refund without application its allowable refund for the year; and (b) shall, with all due dispatch, make that allowable refund after sending the notice of assessment if an application for it has been made in writing by the corporation within the period within which the Minister would be allowed under subsection 152(4) to assess tax payable by the corporation for the year if that subsection were read without reference to paragraph 152(4)(a). Application to other liability
Instead of making a refund that might otherwise be made under subsection 133(6), the Minister may, where the taxpayer is liable or about to become liable to make any payment under this Act, apply the amount that would otherwise be refunded to that other liability and notify the taxpayer of that action. (7.01) Where an allowable refund for a taxation year is paid to, or applied to a liability of, a non-resident-owned investment corporation, the Minister shall pay or apply interest on the refund at the prescribed rate for the period beginning on the day that is the later of (a) the day that is 120 days after the end of the year, and (b) the day that is 30 days after the day on which the corporation’s return of income under this Part for the Non-Resident-Owned Investment Corporations year was filed under section 150, unless the return was filed on or before the day on or before which it was required to be filed, and ending on the day the refund is paid or applied. Excess interest on allowable refund (7.02) Where at any particular time interest has been paid to, or applied to a liability of, a corporation under subsection 133(7.01) in respect of an allowable refund and it is determined at a subsequent time that the allowable refund was less than that in respect of which interest was so paid or applied, (a) the amount by which the interest that was so paid or applied exceeds the interest, if any, computed in respect of the amount that is determined at the subsequent time to be the allowable refund shall be deemed to be an amount (in this subsection referred to as the “amount payable”) that became payable under this Part by the corporation at the particular time; (b) the corporation shall pay to the Receiver General interest at the prescribed rate on the amount payable, computed for the particular time to the day of payment; and (c) the Minister may at any time assess the corporation in respect of the amount payable and, where the Minister makes such an assessment, the provisions of Divisions I and J apply, with such modifications as the circumstances require, in respect of the assessment as though it had been made under section 152. (7.1) Where at any particular time after 1971 a dividend has become payable by a non-resident-owned investment corporation to shareholders of any class of shares of its capital stock, if the corporation so elects in respect of the full amount of the dividend, in prescribed manner and prescribed form and at or before the particular time or the first day on which any part of the dividend was paid if that day is earlier than the particular time, the following rules apply: (a) the dividend shall be deemed to be a capital gains dividend to the extent that it does not exceed the corporation’s capital gains dividend account immediately before the particular time; and (b) any amount received by another non-resident-owned investment corporation in a taxation year as, on account or in lieu of payment of, or in satisfaction of the capital gains dividend shall not be included in computing its income for the year. (7.2) Where a dividend becomes payable at the same time on more than one class of shares of the capital stock of a non-resident-owned investment corporation, for the purposes of subsection 133(7.1), the dividend on any such class of shares shall be deemed to become payable at a different time than the dividend on the other class or classes of shares and to become payable in the order designated (a) by the corporation on or before the day on or before which the election described in subsection 133(7.1) is required to be filed; or (b) in any other case, by the Minister. (7.3) Where at any particular time a non-resident-owned investment corporation paid a dividend to its shareholders and subsection 133(7.1) would have applied to the dividend except that the corporation did not make an election under that subsection on or before the day on or before which it was required by that subsection to be made, subsections 131(1.1) to 131(1.4) apply with such modifications as the circumstances require. allowable refund of a non-resident-owned investment corporation for a taxation year means the total of amounts each of which is an amount in respect of a taxable dividend paid by the corporation in the year on a share of its capital stock, determined by the formula A is the corporation’s allowable refundable tax on hand immediately before the dividend was paid, B is the greater of the amount of the dividend so paid and the corporation’s cumulative taxable income immediately before the dividend was paid, and C is the amount of the dividend so paid; (remboursement admissible) Canadian property means (a) taxable Canadian property, and (b) any other property not being foreign property within the meaning assigned by section 206; (biens canadiens) capital gains dividend account of a non-resident-owned investment corporation at any particular time means the amount determined by the formula A is the total of the following amounts in respect of the period commencing January 1, 1972 and ending immediately after the corporation’s last taxation year ending before the particular time: (a) the corporation’s capital gains for taxation years ending in the period from dispositions in the period of Canadian property or shares of another non-resident-owned investment corporation, and (b) amounts received by the corporation in the period as, on account or in lieu of payment of, or in satisfaction of capital gains dividends from other non-resident-owned investment corporations, and B is the total of the following amounts in respect of the period referred to in the description of A: (a) the corporation’s capital losses for taxation years ending in the period from dispositions in the period of Canadian property or shares of another non-resident-owned investment corporation, (b) all capital gains dividends that became payable by the corporation before the particular time, and (c) the amount determined by the formula M is the total of the corporation’s capital gains for taxation years ending in the period from dispositions in the period of taxable Canadian property, and increase in capital in respect of a corporation means a transaction (other than a transaction carried out pursuant to an agreement in writing made before February 28, 2000, referred to in this definition as a “specified transaction”) in the course of which the corporation Non-Resident-Owned Investment Corporations issues additional shares of its capital stock or incurs indebtedness, if the transaction has the effect of increasing the total of (a) the corporation’s liabilities, and (b) the fair market value of all the shares of its capital stock to an amount that is substantially greater than that total would have been on February 27, 2000 if all specified transactions had been carried out immediately before that day; (augmentation de capital) non-resident-owned investment corporation means a corporation incorporated in Canada that, throughout the whole of the period commencing on the later of June 18, 1971 and the day on which it was incorporated and ending on the last day of the taxation year in respect of which the expression is being applied, complied with the following conditions: (a) all of its issued shares and all of its bonds, debentures and other funded indebtedness were (i) beneficially owned by non-resident persons (other than a foreign affiliate of a taxpayer resident in Canada), (ii) owned by trustees for the benefit of non-resident persons or their unborn issue, or (iii) owned by a non-resident-owned investment corporation, all of the issued shares of which and all of the bonds, debentures and other funded indebtedness of which were beneficially owned by non-resident persons or owned by trustees for the benefit of non-resident persons or their unborn issue, or by two or more such corporations, (b) its income for each taxation year ending in the period was derived from (i) ownership of, or trading or dealing in, bonds, shares, debentures, mortgages, hypothecary claims, bills, notes or other similar property or any interest, or for civil law any right, therein, (ii) lending money with or without security, Non-Resident-Owned Investment Corporations (c) not more than 10% of its gross revenue for each taxation year ending in the period was derived from rents, hire of chattels, charterparty fees or charterparty remunerations, (d) its principal business in each taxation year ending in the period was not (i) the making of loans, or (e) it has, on or before the earlier of February 27, 2000 and the day that is 90 days after the beginning of its first taxation year that begins after 1971, elected in prescribed manner to be taxed under this section, and (f) it has not, before the end of the last taxation year in the period, revoked in prescribed manner its election, except that (g) a new corporation (within the meaning assigned by section 87) formed as a result of an amalgamation after June 18, 1971 of two or more predecessor corporations is not a non-resident-owned investment corporation unless each of the predecessor corporations was, immediately before the amalgamation, a non-resident-owned investment corporation, (h) where a corporation is a new corporation described in paragraph (g), and each of the predecessor corporations elected in a timely manner under paragraph (e), paragraph (e) shall be read, in its application to the new corporation, without reference to the words “the earlier of February 27, 2000 and”, and (i) subject to section 134.1, a corporation is not a non-resident-owned investment corporation in any taxation year that ends after the earlier of, (i) the first time, if any, after February 27, 2000 at which the corporation effects an increase in capital, and taxable dividend does not include a capital gains dividend. (dividende imposable) **allowable refundable tax on hand** of a corporation at any particular time means the amount determined by the formula A is the total of all amounts each of which is an amount in respect of any taxation year commencing after 1971 and ending before the particular time, equal to the tax under this Part payable by the corporation for the year, B is an amount equal to 15% of the amount determined for B in the definition **cumulative taxable income** in this subsection in respect of the corporation, C where the corporation’s 1972 taxation year commenced before 1972, is an amount equal to 10% of the amount that would be determined for C in the definition **cumulative taxable income** in this subsection if the reference in the description of C in that definition to “the 1972 taxation year or any taxation year commencing after 1971 and ending before the particular time” were read as a reference to “the 1972 taxation year”, D is the total of all amounts each of which is an amount, in respect of the 1972 taxation year or any taxation year commencing after 1971 and ending before the particular time, determined by the formula L is the total of the corporation’s taxable capital gains for the year from dispositions after 1971 of property described in paragraph 133(1)(c), computed in accordance with the assumption set out in paragraph 133(1)(d), M is the total of the corporation’s allowable capital losses for the year from dispositions after 1971 of property described in paragraph 133(1)(c), computed in accordance with the same assumption, and N is the amount deductible from the corporation’s income for the year by virtue of paragraph 133(2)(c), E is the total of all amounts each of which is an amount equal to 1/3 of any amount paid or credited by the corporation after the commencement of its 1972 taxation year and before the particular time, as, on account or in lieu of payment of, or in satisfaction of interest, and F is the total of all amounts each of which is an amount in respect of any taxable dividend paid by the corporation on a share of its capital stock before the particular time and after the commencement of its first taxation year commencing after 1971, equal to the amount in respect of the dividend determined under the definition allowable refund in subsection 133(8); cumulative taxable income of a corporation at any particular time means the amount determined by the formula A is the total of the corporation’s taxable incomes for taxation years commencing after 1971 and ending before the particular time, B where the corporation’s 1972 taxation year commenced before 1972, is the amount determined by the formula L is the corporation’s taxable income for its 1972 taxation year M is the total of all amounts received by the corporation as described in paragraph 196(4)(b), and N is the lesser of the amount determined under paragraph 196(4)(e) in respect of the corporation and the amount, if any, by which the total of amounts determined under paragraphs 196(4)(d) to 196(4)(f) in respect of the corporation exceeds the total of amounts determined under paragraphs 196(4)(a) to 196(4)(c) in respect of the corporation, C is the total of all amounts each of which is an amount, in respect of the 1972 taxation year or any taxation year commencing after 1971 and ending before the particular time, determined by the formula P is the total of the corporation’s taxable capital gains for the year from dispositions after 1971 of property described in paragraph 133(1)(c), computed in accordance with the assumption set out in paragraph 133(1)(d), Q is the total of the corporation’s allowable capital losses for the year from dispositions after 1971 of property described in paragraph 133(1)(c), computed in accordance with the same assumption, and R is the amount deductible from the corporation’s income for the year by virtue of paragraph 133(2)(c), D is the total of all amounts each of which is an amount equal to 4/3 of any amount paid or credited by the corporation, after the commencement of its 1972 taxation year and before the particular time, as on account or in lieu of payment of, or in satisfaction of interest, and E is the total of all amounts each of which is the amount of any taxable dividend paid by the corporation on a share of its capital stock before the particular time and after the commencement of its first taxation year commencing after 1971. (revenu imposable cumulatif) [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] Non-resident-owned corporation not a Canadian corporation, etc.
sauf que, dans le cas où la société remplaçante acquiert l’avoir auprès du propriétaire obligé au cours de l’année (autrement que dans le cadre d’une fusion ou d’une unification que pour le seul effet de l’alinéa (10)c)), et à un lien de dépendance avec le propriétaire obligé au moment de l’acquisition, le montant déterminé en vertu du présent sous-alinéa est réputé égal à zéro, sur le total des montants suivants : (ii) les autres montants déduits en vertu du paragraphe 29(25) des Règles concernant l’application de l’impôt sur le revenu, du présent paragraphe et des paragraphes (1), (3) et (4) pour l’année et qu’il est raisonnable de considérer comme attribuables à la partie de son revenu pour l’année visée au sous-alinéa (5)b)(i) à l’égard du bien en cause, (iii) les montants ajoutés, par l’effet du paragraphe 80(13), dans le calcul du montant déterminé selon le sous-alinéa (5)b)(i). Restriction à l’application des par. (1) à (5) et du par. 29(25) des RAIR
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.]
Le paragraphe 29(25) des Règles concernant l’application de l’impôt sur le revenu et les paragraphes (1), (3), (4) et (5) ne s’appliquent pas à un avoir minier canadien ou à un avoir minier étranger : (a) soit acquis par suite d’une fusion à laquelle le paragraphe 87(1.2) s’applique ou d’une liquidation à laquelle le paragraphe 88(1.5) s’applique; (b) soit acquis avant le 18 février 1987 par une société afin de lui permettre de déduire un montant qu’elle n’aurait pas le droit de déduire en vertu de l’article 29 des Règles concernant l’application de l’impôt sur le revenu ou des articles 66.1, 66.2 ou 66.4, selon leur version applicable aux années d’imposition se terminant avant le 18 février 1987, si ces articles, dans leur version applicable aux années d’imposition se terminant avant le 18 février 1987, s’étaient appliqués aux années d’imposition se terminant après le 17 février 1987. Application limitée du par. 29(25) des RAIR et des par. (1), (3), (4) et (5)
(a) was a non-resident-owned investment corporation in a taxation year; (b) is not a non-resident-owned investment corporation in the following taxation year (in this section referred to as the corporation’s “first non-NRO year”); and (c) elects in writing filed with the Minister on or before the corporation’s filing-due date for its first non-NRO year to have this section apply.
Le paragraphe 29(25) des Règles concernant l’application de l’impôt sur le revenu et les paragraphes (1), (3), (4) et (5) ne s’appliquent qu’à une société qui a acquis un avoir minier canadien particulier (a) au cours d’une année d’imposition commençant avant 1985 et, au moment de l’acquisition, elle a acquis la totalité, ou presque, des biens utilisés par la personne auprès de qui elle a acquis l’avoir dans le cadre de l’exploitation au Canada d’une entreprise visée à l’un des alinéas a) à g) de la Application of subsections (2) and (2.3) b) au cours d’une année d’imposition commençant après 1984 si, au moment de l’acquisition, elle a acquis la totalité, ou presque, des avoirs miniers canadiens de la personne auprès de qui elle a acquis l’avoir; c) après le 5 juin 1987, par fusion ou liquidation, si elle présente un choix en ce sens au ministre sur le formulaire prescrit, au plus tard à la date où elle doit produire une déclaration de revenu conformément à l’article 150 pour l’année d’imposition au cours de laquelle elle a acquis l’avoir; d) après le 16 novembre 1978 et au cours d’une année d’imposition se terminant avant le 18 février 1987, autrement que par fusion ou liquidation, si la société et la personne auprès de qui elle a acquis l’avoir présentent un choix conjoint en ce sens au ministre conformément au paragraphe 29(25) des Règles concernant l’application de l’impôt sur le revenu, au paragraphe 29(29) des Règles de 1971 concernant l’application de l’impôt sur le revenu, partie III du chapitre 63 des Statuts du Canada de 1970-71-72, ou aux paragraphes 66(6) et (7), 66.1(4) et (5), 66.2(3) et (4) et 66.4(3) et (4) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, dans leur version applicable à cette année; e) au cours d’une année d’imposition se terminant après le 17 février 1987, autrement que par fusion ou liquidation, si la société et la personne auprès de qui elle a acquis l’avoir présentent un choix conjoint, en ce sens au ministre sur le formulaire prescrit, au plus tard au premier de deux jours où l’une d’elles doit produire une déclaration de revenu conformément à l’article 150 pour l’année d’imposition de cette société ou de cette personne au cours de laquelle la société a acquis l’avoir. Application des paragraphes (2) et (2.3)
For the purposes of applying subsections 104(10) and (11) and 133(6) to (9) (other than the definition non-resident-owned investment corporation in subsection 133(8)), section 212 and any tax treaty, a corporation described in subsection (1) is deemed to be a non-resident-owned investment corporation in its first non-NRO year in respect of dividends paid in that year on shares of its capital stock to a non-resident person, to a trust for the benefit of non-resident persons or that onus in issue to a non-resident-owned investment corporation. (NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.) Revocation
Les paragraphes (2) et (2.3) ne s’appliquent qu’à une société qui a acquis un avoir minier étranger particulier a) au cours d’une année d’imposition commençant avant 1985 si, au moment de l’acquisition, elle a acquis la totalité, ou presque, des biens utilisés par la personne auprès de qui elle a acquis l’avoir dans le cadre de l’exploitation par cette personne à l’étranger d’une
(a) revokes at any time (in this section described as the “revocation time”) its election to be taxed under section 133; (b) elects to have this section apply, by filing an election in writing with the Minister on or before the corporation’s filing-due date for the taxation year of the corporation (in this section referred to as the “revocation year”) that would have included the revocation time if the corporation had not so elected; and (c) specifies in the election a time (in this section referred to as the “elected time”) that is in the revocation year and is not after the revocation time.
Where --- **entreprise visée à l’un des alinéas a) à g) de la définition de société exploitant une entreprise principale au paragraphe 66(15);** b) au cours d’une année d’imposition commençant après 1984 si, au moment de cette acquisition, elle a acquis la totalité, ou presque, des avoirs miniers étrangers de la personne auprès de qui elle a acquis l’avoir; c) après le 5 juin 1987, par fusion ou liquidation, si la société présente un choix en ce sens au ministre sur formulaire prescrit, au plus tard à la date où elle doit produire une déclaration de revenu conformément à l’article 150 pour l’année d’imposition au cours de laquelle elle a acquis l’avoir; d) après le 16 novembre 1978 et au cours d’une année d’imposition se terminant avant le 18 février 1987, autrement que par fusion ou liquidation, si la société et la personne auprès de qui elle a acquis l’avoir présentent un choix conjoint en ce sens au ministre conformément aux paragraphes 66(6) ou (7) (avec les adaptations prévues aux paragraphes 66(8) et (9) respectivement) de la **Loi de l’impôt sur le revenu**, chapitre 148 des Statuts révisés du Canada de 1952, dans leur version applicable à cette année; e) au cours d’une année d’imposition se terminant après le 17 février 1987, autrement que par fusion ou liquidation, si la société et la personne auprès de qui elle a acquis l’avoir présentent un choix conjoint en ce sens au ministre sur formulaire prescrit, au plus tard au premier en date du jour où l’un d’eux doit produire une déclaration de revenu conformément à l’article 150 pour l’année d’imposition de cette société ou de cette personne au cours de laquelle la société a acquis l’avoir. **Transformation de frais d’aménagement au Canada en frais d’exploration au Canada**
Where this section applies to a corporation, (a) the corporation’s taxation year that would have included the elected time, if the corporation had not elected to have this section apply, is deemed to end immediately before the elected time; (b) a new taxation year of the corporation is deemed to begin at the elected time; and Non-Resident-Owned Investment Corporations (c) notwithstanding paragraph (f) of the definition non-resident-owned investment corporation in subsection 133(8), the corporation is deemed to be a non-resident-owned investment corporation for the period that begins at the beginning of the revocation year and ends immediately before the elected time. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2001, c. 17, s. 132. Deduction in computing income
Dans les cas où les conditions suivantes sont réunies : a) une société acquiert un avoir minier canadien; b) le paragraphe (4) s’applique à cette acquisition; c) les frais cumulatifs d’aménagement au Canada d’un propriétaire obligé de l’avoir, calculés en vertu de la division (4)a)(ii)(A) à l’égard de la société, comprennent des frais d’aménagement au Canada engagés par le propriétaire obligé à l’égard d’un puits de pétrole ou de gaz qui, à ce présent paragraphe, seraient réputés par le paragraphe 66.1(9) être des Income Tax PART I Income Tax DIVISION B Computation of Income
(a) within the year or within 12 months thereafter to the taxpayer’s customers of the year; and (b) within the year or within 12 months thereafter to the taxpayer’s customers of a previous year, the deduction of which from income of a previous taxation year was not permitted. (1.1) Subsection (1) applies to a payment made by a taxpayer to a customer with whom the taxpayer does not deal at arm’s length only if (a) the taxpayer is a cooperative corporation described in subsection 136(2) or a credit union; or (b) the payment is prescribed.
Change of control Impôt sur le revenu
If a taxpayer has not made allocations in proportion to patronage in respect of all of the taxpayer’s customers of the year, at the same rate, with appropriate differences for different types, classes, grades or qualities of goods, products or services, the amount that may be deducted by the taxpayer under subsection (1) is an amount equal to the lesser of (a) the total of the payments mentioned in that subsection, and (i) the part of the income of the taxpayer for the year attributable to business done with members, and (ii) the allocations in proportion to patronage made to non-member customers of the year. Deduction carried over (2.1) Where, in a taxation year ending after 1985, all or a portion of a payment made by a taxpayer pursuant to an allocation in proportion to patronage to the taxpayer’s customers who are members is not deductible in computing the taxpayer’s income for the year because of the application of subsection 135(2) (in this subsection referred to as the “undeducted amount”), there may be deducted in computing the taxpayer’s income for a subsequent taxation year, an amount equal to the lesser of (a) the undeducted amount, except to the extent that that amount was deducted in computing the taxpayer’s income for any preceding taxation year, and (b) the amount, if any, by which (i) the taxpayer’s income for the subsequent taxation year (computed without reference to this subsection) attributable to business done with the taxpayer’s customers of that year who are members (ii) the amount deducted in computing the taxpayer’s income for the subsequent taxation year by virtue of subsection 135(1) in respect of payments made by the taxpayer pursuant to allocations in proportion to patronage to the taxpayer’s customers of that year who are members. Amount to be deducted or withheld from payment to customer
Subject to subsection 135.1(6), a taxpayer who makes at any particular time in a calendar year a payment pursuant to an allocation in proportion to patronage to a person who is resident in Canada and is not exempt from tax under section 149 shall, notwithstanding any agreement or any law to the contrary, deduct or withhold from the payment an amount equal to 15% of the lesser of the amount of the payment and the amount, if any, by which (a) the total of the amount of the payment and the amounts of all other payments pursuant to allocations in proportion to patronage made by the taxpayer to that person in the calendar year before the particular time and forthwith remit that amount to the Receiver General on behalf of that person on account of that person’s tax under this Part.
For the purposes of this section and section 135.1, allocation in proportion to patronage for a taxation year means an amount credited by a taxpayer to a customer of that year on terms that the customer is entitled to or will receive payment thereof, computed at a rate in relation to the quantity, quality or value of the goods or products acquired, marketed, handled, dealt in or sold, or services rendered by the taxpayer from, on behalf of or to the customer, whether as principal or as agent of the customer or otherwise, with appropriate differences in the rate for different classes, grades or qualities thereof, if (a) the amount was credited (i) within the year or within 12 months thereafter, and (ii) at the same rate in relation to quantity, quality or value aforesaid as the rate at which amounts were similarly credited to all other customers of that year who were members or to all other customers of that year, as the case may be, with appropriate differences aforesaid for different classes, grades or qualities, and (b) the prospect that amounts would be so credited was held out by the taxpayer to the taxpayer’s customers of that year who were members or non-member customers of that year, as the case may be; (répartition proportionnelle à l’apport commercial) consumer goods or services means goods or services the cost of which was not deductible by the taxpayer in computing the income from a business or property; (marchandises de consommation ou services) customer means a customer of a taxpayer and includes a person who sells or delivers goods or products to the taxpayer, or for whom the taxpayer renders services; (client) income of the taxpayer attributable to business done with members of any taxation year means that proportion of the income of the taxpayer for the year (before making any deduction under this section) that the value of the goods or products acquired, marketed, handled, dealt in or sold or services rendered by the taxpayer from, on behalf of, or for members, is of the total value of goods or products acquired, marketed, handled, dealt in or sold or services rendered by the taxpayer from, on behalf of, or for all customers during the year; (revenu du contribuable attribuable aux affaires faites avec ses membres) member means a person who is entitled as a member or shareholder to full voting rights in the conduct of the affairs of the taxpayer (being a corporation) or of a corporation of which the taxpayer is a subsidiary wholly-owned corporation; (membre) non-member customer means a customer who is not a member; (client non membre) payment includes (a) the issue of a certificate of indebtedness or shares of the taxpayer or of a corporation of which the taxpayer is a subsidiary wholly-owned corporation if the taxpayer or that corporation has in the year or within 12 months thereafter disbursed an amount of money equal to the total face value of all certificates or shares so issued in the course of redeeming or purchasing certificates of indebtedness or shares of the taxpayer or that corporation previously issued, (b) the application by the taxpayer of an amount to a member’s liability to the taxpayer (including, without restricting the generality of the foregoing, an amount applied in fulfilment of an obligation of the member to make a loan to the taxpayer and an amount applied on account of payment for shares issued to a member) pursuant to a by-law of the taxpayer, pursuant to statutory authority or at the request of the member, or (c) the amount of a payment or transfer by the taxpayer that, under subsection 56(2), is required to be included in computing the income of a member. (paiement) Holding out prospect of allocations
For the purpose of this section a taxpayer shall be deemed to have held out the prospect that amounts would be credited to a customer of a taxation year by way of allocation in proportion to patronage, if (a) throughout the year the statute under which the taxpayer was incorporated or registered, its charter, articles of association or by-laws or its contract with the customer held out the prospect that amounts would be so credited to customers who are members or non-member customers, as the case may be; or (b) prior to the commencement of the year or prior to such other day as may be prescribed for the class of business in which the taxpayer is engaged, the taxpayer has published an advertisement in prescribed form in a newspaper or newspapers of general circulation throughout the greater part of the area in which the taxpayer carried on business holding out that prospect to customers who are members or non-member customers, as the case may be, and has filed copies of the newspapers with the Minister before the 30th day of the taxation year or within 30 days from the prescribed day, as the case may be. Amount of payment to customer
frais d’exploration au Canada engagés relativement au puits par le propriétaire obligé à un moment donné après l’acquisition de l’avoir par la société et avant qu’elle en dispose, les règles suivantes s’appliquent : d) le paragraphe 66.1(9) ne s’applique pas aux frais d’aménagement au Canada que le propriétaire obligé a engagés relativement au puits; e) le moins élevé des montants suivants doit être déduit au moment donné des frais cumulatifs d’aménagement au Canada du propriétaire obligé à l’égard de la société pour l’application du sous-alinéa (4)a)(i)A) : (i) le montant qui serait réputé par le paragraphe 66.1(9) être des frais d’exploration au Canada que le propriétaire obligé a engagés relativement au puits à un moment donné, si ce paragraphe s’appliquait à ces frais, (ii) les frais cumulatifs d’aménagement au Canada du propriétaire obligé, calculés en vertu de la division (4)a)(i)A) à l’égard de la société immédiatement avant le moment donné; f) le montant à déduire en vertu de l’alinéa e) est à ajouter au moment donné aux frais cumulatifs d’exploration au Canada du propriétaire obligé à l’égard de la société pour l’application de l’alinéa (3)a). Changement de contrôle
For greater certainty, the amount of any payment pursuant to an allocation in proportion to patronage is the amount thereof determined before deducting any amount required by subsection 135(3) to be deducted or withheld from that payment. Payment to customer to be included in income
Pour l’application des dispositions des Règles concernant l’application de l’impôt sur le revenu et de la présente loi, sauf les paragraphes 66(12.6), (12.601), (12.602), (12.62) et (12.71), concernant les déductions pour frais de forage et d’exploration, frais de prospection, d’exploration et d’aménagement, frais globaux relatifs à des ressources à l’étranger, frais d’exploration au Canada, frais d’aménagement au Canada et frais à l’égard de biens canadiens relatifs au pétrole et au gaz (appelés « frais relatifs à des ressources » au présent paragraphe) que une société a engagés avant un moment postérieur au 12 novembre 1981 et si, à ce moment postérieur : a) soit une personne ou un groupe de personnes acquiert le contrôle de la société; b) soit la société a cessé, avant le 27 avril 1995, d’être exonérée de l’impôt prévu par la présente partie sur son revenu imposable, Income Tax PART I Income Tax DIVISION B Computation of Income
Where a payment pursuant to an allocation in proportion to patronage (other than an allocation in respect of consumer goods or services) has been received by a taxpayer, the amount of the payment shall, subject to subsection 135.1(2), be included in computing the recipient’s income for the taxation year in which the payment was received and, without restricting the generality of the foregoing, where a certificate of indebtedness or a share was issued to a person pursuant to an allocation in proportion to patronage, the amount of the payment by virtue of that issuance shall be included in computing the recipient’s income for the taxation year in which the certificate or share was received and not in computing the recipient’s income for the year in which the indebtedness was subsequently discharged or the share was redeemed. Division P Special Rules Applicable in Certain Circumstances
les règles suivantes s’appliquent : c) la société est réputée, après ce moment, être une société remplaçante — au sens du paragraphe 29(25) des Règles concernant l’application de l’impôt sur le revenu ou de l’un des paragraphes (1) à (5) — qui a acquis, à ce moment, auprès d’un propriétaire obligé tous les biens appartenant à la société immédiatement avant ce moment;
For the purposes of this section, where (a) a person has sold or delivered a quantity of goods or products to a marketing board established by or pursuant to a law of Canada or a province, (b) the marketing board has sold or delivered the same quantity of goods or products of the same class, grade or quality to a taxpayer of which the person is a member, and (c) the taxpayer has credited that person with an amount based on the quantity of goods or products of that class, grade or quality sold or delivered to it by the marketing board, the quantity of goods or products referred to in paragraph 135(8)(c) shall be deemed to have been sold or delivered by that person to the taxpayer and to have been acquired by the taxpayer from that person.
c.1) si elle n’était pas propriétaire d’un avoir minier étranger immédiatement avant ce moment, la société est réputée avoir alors été propriétaire d’un tel avoir; d) un choix conjoint est réputé présenté conformément aux paragraphes (7) et (8) en ce qui concerne cette acquisition; e) les frais relatifs à des ressources que la société a engagés avant ce moment sont réputés l’avoir été par un propriétaire obligé des biens et non pas par la société; f) le propriétaire obligé est réputé avoir résidé au Canada avant ce moment, tandis que la société y résidait; g) si la société — appelée « cessionnaire » au présent alinéa — est à ce moment, et immédiatement avant : (i) une société mère au sens du paragraphe 87(1.4), (ii) une filiale à cent pour cent au sens du même paragraphe, d’une société donnée — appelée « cédante » au présent alinéa — et si le cessionnaire et la cédante en conviennent pour une année d’imposition de la cédante se terminant après ce moment et en informent le ministre par écrit dans la déclaration de revenu de la cédante produite pour l’année en vertu de la présente partie, la cédante peut, si, tout au long de l’année, le cessionnaire est resté société 29(25) des Règles concernant l’application de l’impôt sur le revenu ou au présent article au titre des frais relatifs à des ressources que la cédante a engagés avant ce moment alors qu’elle était société mère ou filiale à cent pour cent de la cédante, un montant qui ne dépasse pas la partie de ce que serait son revenu pour l’année si aucune déduction n’était admise en vertu de l’article 29 des Règles concernant l’application de l’impôt sur le revenu, du présent article et des articles 65 à 66.5 et qu’il est raisonnable de considérer comme attribuable : (iii) d’une part, à la production tirée d’avoirs miniers canadiens appartenant à la cédante immédiatement avant ce moment, Income Tax PART I Income Tax DIVISION B Computation of Income
agricultural business means a business, carried on in Canada, that consists of one or any combination of (a) farming (including, if the person carrying on the business is a corporation described in paragraph (a) of the definition agricultural cooperative corporation, the production, processing, storing and wholesale marketing of the products of its members’ farming activities); or (b) the provision of goods or services (other than financial services) that are required for farming. (entreprise d’agriculture) agricultural cooperative corporation at any time means a corporation (a) that was incorporated or continued by or under the provisions of a law, of Canada or of a province, that provide for the establishment of the corporation as a cooperative corporation or that provide for the establishment of cooperative corporations; and (b) that has at that time (i) as its principal business an agricultural business, or (ii) members, making up at least 75% of all members of the corporation, each of whom (A) is an agricultural cooperative corporation, or (B) has as their principal business a farming business. (coopérative agricole) allowable disposition means a disposition by a taxpayer of a tax deferred cooperative share less than five years after the day on which the share was issued if (i) the agricultural cooperative corporation is notified in writing that the taxpayer has after the share was issued become disabled and permanently unfit for work, or terminally ill, or (ii) the taxpayer ceases to be a member of the agricultural cooperative corporation; or (b) the agricultural cooperative corporation is notified in writing that the share is held by a person on whom the share has devolved as a consequence of the death of the taxpayer. (disposition admissible) eligible member of an agricultural cooperative corporation means a member who carries on an agricultural business and who is (c) a corporation resident in Canada that carries on the business of farming in Canada; or (d) a partnership that carries on the business of farming in Canada, all of the members of which are described in any of paragraphs (a) to (c) of this paragraph. (membre admissible) tax deferred cooperative share at any time means a share (a) issued, after 2005 and before 2026, by an agricultural cooperative corporation to a person or SECTION F Special Rules Applicable in Certain Circumstances partnership that is at the time the share is issued an eligible member of the agricultural cooperative corporation, pursuant to an allocation in proportion to patronage; (b) the holder of which is not entitled to receive on the redemption, cancellation or acquisition of the share by the agricultural cooperative corporation or by any person with whom the agricultural cooperative corporation does not deal at arm’s length an amount that is greater than the amount that would, if this Act were read without reference to this section, be included under subsection 135(7) in computing the eligible member’s income for their taxation year in which the share was issued; (c) that has not before that time been deemed by subsection (4) to have been disposed of; and (i) the terms of which provide that the agricultural cooperative corporation shall not, otherwise than pursuant to an allowable disposition, redeem, acquire or cancel a share of the class before the day that is five years after the day on which the share was issued, and (ii) that is identified by the agricultural cooperative corporation in prescribed form and manner as a class of tax deferred cooperative shares. (part à imposition différée) tax paid balance of a taxpayer at the end of a particular taxation year of the taxpayer means the amount, if any, by which (i) the taxpayer’s tax paid balance at the end of the immediately preceding taxation year, and (ii) the amount, if any, that is included in computing the taxpayer’s income under this Part for the particular taxation year because of an election described in subparagraph (2)(a)(ii), (b) the total of all amounts each of which is the taxpayer’s proceeds of disposition of a tax deferred cooperative share that the taxpayer disposed of in the particular taxation year. (solde libéré d’impôt)
(iv) d’autre part, à la disposition au cours de l’année d’avoirs miniers canadiens appartenant à la cédante immédiatement avant ce moment, dans la mesure où le montant ainsi attribué ne l’est pas en vertu du présent alinéa à un autre contribuable; le montant ainsi attribué est réputé, pour le calcul du montant en vertu de l’alinéa 29(25)d) des Règles concernant l’application de l’impôt sur le revenu et des alinéas (1)b), (3)b), (4)b) et (5)b): (v) être un revenu provenant des sources visées aux sous-alinéas (iii) ou (iv), selon le cas, de la cessionnaire pour son année d’imposition au cours de laquelle l’année d’imposition de la cédante se termine, (vi) ne pas être un revenu provenant des sources visées aux sous-alinéas (iii) ou (iv), selon le cas, de la cédante pour cette année; h) si la société — appelée « cessionnaire » au présent alinéa — est à ce moment, et immédiatement avant : (i) une société mère au sens du paragraphe 87(1.4), (ii) une société filiale entièrement détenue au sens du paragraphe 87(1.4) d’une société donnée — appelée « cédante » au présent alinéa — et si la cessionnaire et la cédante en conviennent pour une année d’imposition de la cédante se terminant après ce moment et en informent le ministre par écrit dans la déclaration de revenu de la cédante produite pour l’année en vertu de la présente partie, la cédante peut, si, tout au long de l’année, le cessionnaire est restée société mère ou filiale entièrement détenue de la cédante, désigner en faveur de la cessionnaire, pour cette année, en vue de faire une déduction prévue au présent article au titre des frais relatifs à des ressources que la cédante a engagés avant ce moment alors qu’elle était société mère ou filiale et pour ce qui est de la partie de ce qui serait son revenu pour l’année si aucune déduction n’était admise en vertu du présent article et des articles 65 à 66.5 et qu’il est raisonnable de considérer comme attribuable à (iii) d’une part, à la production tirée d’avoirs miniers étrangers appartenant à la cédante immédiatement avant ce moment, (iv) d’autre part, à la disposition d’avoirs miniers étrangers appartenant à la cédante immédiatement avant ce moment, dans la mesure où le montant ainsi attribué ne l’est pas en vertu du présent alinéa à un autre contribuable; le montant ainsi attribué est réputé : (v) pour ce qui est du calcul des montants selon les alinéas (2)b) et (2.3)b), être un revenu provenant des sources visées aux sous-alinéas (iii) ou (iv), selon le cas, de la cessionnaire pour son année d’imposition dans laquelle l’année d’imposition de la cédante se termine, (vi) pour ce qui est du calcul du montant selon les alinéas (2)b) et (2.3)b), ne pas être un revenu provenant des sources visées aux sous-alinéas (iii) ou (iv), selon le cas, de la cédante pour cette année; i) si, à ce moment et immédiatement avant, la société — appelée « cessionnaire » au présent alinéa — et une autre société — appelée « cédante » au présent alinéa — étaient des filiales à cent pour cent — au sens du paragraphe 87(1.4) — d’une société mère — au sens du même paragraphe — et si la cessionnaire et la cédante en conviennent par écrit avant la date limite de production de la déclaration de revenu de la cédante pour cette année et en avisent le ministre par écrit dans la déclaration de revenu de la cédante produite pour cette année, le présent alinéa, ou l’alinéa g) ou h), ou les deux, selon ce que la convention prévoit, s’appliquent pour cette année à la cessionnaire et à la cédante comme si l’une était la société mère — au sens du paragraphe 87(1.4) — de l’autre; j) si le moment est postérieur au 12 novembre 1981 et également postérieur au 15 janvier 1987 et si la société est alors un associé d’une société de personnes qui est alors propriétaire d’un avoir minier canadien ou d’un avoir minier étranger : (i) pour l’application de l’alinéa c), la société est réputée avoir été propriétaire, immédiatement avant ce moment, de la partie de l’avoir dont la société de personnes est alors propriétaire correspondant à sa part, exprimée en pourcentage, des montants qui seraient payés aux associés de la société de personnes si celle-ci était alors liquidée, (ii) pour l’application de la division 29(25)d)i)(B) des Règles concernant l’application de l’impôt sur le revenu et des divisions (1)b)(i)(C) et (2)b)(ii)(B), du sous-alinéa (2.3)b)(i) et des divisions (3)b)(i)(C), (4)b)(i)(B) et (5)b)(i)(B) pour une année d’imposition se terminant après ce moment, le moins élevé des montants suivants est réputé être un revenu de la société pour l’année qui est raisonnable d’attribuer à la production tirée de l’avoir : (A) sa part du revenu de la société de personnes, pour l’exercice de celle-ci se terminant au cours de l’année, qu’il est raisonnable de considérer comme attribuable à la production tirée de l’avoir, (B) ce que serait sa part de la société de personnes, pour l’exercice de celle-ci se terminant au cours de l’année, qu’il est raisonnable de considérer attribuable à la production tirée de l’avoir, si elle était déterminée en fonction de la part, exprimée en pourcentage, visée au sous-alinéa (i). Fusion — biens d’une société de personnes (10.1) Pour l’application des paragraphes (1) à (5) et de la définition de propriétaire au paragraphe (6.1), en cas de fusion, au sens du paragraphe 87(1), sauf une fusion à laquelle s’applique le paragraphe 87(1.2), de plusieurs sociétés (appelées chacune « société remplacée » au présent paragraphe) pour former une nouvelle société, les règles ci-après s’appliquent si, immédiatement avant la fusion, une société remplacée était l’associé d’une société de personnes propriétaire d’un avoir minier canadien ou d’un avoir minier étranger : a) la société remplacée est réputée : (i) d’une part, avoir été propriétaire, immédiatement avant la fusion, de la partie de chaque avoir minier canadien et de chaque avoir minier étranger appartenant à la société de personnes au moment de la fusion qui représente sa part, exprimée en pourcentage, du total des montants qui seraient versés aux associés de la société de personnes si celle-ci était liquidée immédiatement avant la fusion, (ii) d’autre part, avoir disposé de ces parties d’avoir en faveur de la nouvelle société au moment de la fusion; b) la nouvelle société est réputée avoir acquis ces parties d’avoir au moment de la fusion. Item (A) the specified amount determined under paragraph 66.7(12.1)(a) in respect of the original owner for the year exceeds a) les frais d’exploration et d’aménagement au Canada que le propriétaire obligé a engagés avant de disposer ainsi des avoirs sont, pour l’application de la présente sous-section, réputés, après la disposition, ne pas avoir été engagés par celui-ci, sauf pour ce qui est d’effectuer la déduction prévue au paragraphe 66(1) ou (2) pour l’année et de calculer le montant déductible en application du paragraphe (1) par la société donnée ou par une autre société qui acquiert ultérieurement un ou plusieurs de ces avoirs; b) le montant des frais cumulatifs d’exploration au Canada du propriétaire obligé, calculés immédiatement après la disposition, doit être déduit dans le calcul de ces frais à un moment postérieur au moment visé au sous-alinéa (3)a)(i)A); b.1) pour l’application de l’alinéa (3)a), les frais cumulatifs d’exploration au Canada du propriétaire obligé, calculés immédiatement après la disposition, qui ont été déduits ou qui étaient à déduire en application des paragraphes 66.1(2) ou (3) dans le calcul du revenu pour l’année sont réputés correspondre au moins élevé des montants suivants : (i) le montant déduit en application de l’alinéa b) relativement à la disposition, (ii) l’excédent éventuel du montant visé à la division (A) sur le total visé à la division (B): (A) le montant déterminé, calculé selon l’alinéa (12.1)a) relativement au propriétaire obligé pour l’année, (B) le total des montants calculés selon le présent alinéa relativement aux dispositions effectuées par le propriétaire obligé avant la disposition en question et au cours de l’année; b.2) il est entendu qu’un montant, sauf celui calculé selon l’alinéa b.1), qui a été déduit ou était à déduire en application des paragraphes 66.1(2) ou (3) par le propriétaire obligé pour l’année ou pour une année d’imposition postérieure est réputé, pour l’application de l’alinéa (3)a), ne pas être relatif aux frais cumulatifs d’exploration au Canada du propriétaire obligé calculés immédiatement après la disposition; c) dans le calcul des frais cumulatifs d’aménagement au Canada du propriétaire obligé à une date postérieure au moment visé à la division (3)a)(i)A), les frais cumulatifs d’aménagement au Canada calculés immédiatement après la disposition doivent être déduits; (A) the specified amount determined under paragraph 66.7(12.1)(b) in respect of the original owner for the year exceeds (A) the specified amount determined under paragraph 66.7(12.1)(c) in respect of the original owner for the year exceeds (a) the lesser of exceeds (ii) the total of (B) le total des montants calculés selon le présent alinéa relativement aux dispositions effectuées par le propriétaire obligé avant la disposition et au cours de l’année;
In computing the income of a taxpayer for a particular taxation year, there shall be included under subsection 135(7), in respect of the taxpayer’s receipt, as an eligible member, of tax deferred cooperative shares of an agricultural cooperative corporation in the particular taxation year, only the total of (i) the total of all amounts, in respect of the taxpayer’s receipt in the particular taxation year of tax deferred cooperative shares, that would, if this Act were read without reference to this section, be included under subsection 135(7) in computing the taxpayer’s income for the particular taxation year, and (ii) the greater of nil and the amount, if any, specified by the taxpayer in an election in prescribed form that is filed with the taxpayer’s return of income for the particular taxation year, and (b) the amount, if any, by which (i) the total of all amounts each of which is the taxpayer’s proceeds of disposition of a tax deferred cooperative share disposed of by the taxpayer in the particular taxation year (A) the taxpayer’s tax paid balance at the end of the immediately preceding taxation year, and (B) the amount, if any, that is included in computing the taxpayer’s income for the particular taxation year because of an election described in subparagraph (a)(ii).
d.2) il est entendu qu’un montant, sauf celui calculé selon l’alinéa d.1), que le propriétaire obligé déduit en application du paragraphe 66.4(2) pour l’année ou pour une année d’imposition postérieure est réputé, pour l’application de l’alinéa (5)a), ne pas être relatif à ses frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz calculés immédiatement après la disposition; e) les frais de forage et d’exploration, y compris tous les frais généraux d’étude géologique ou géophysique, engagés par le propriétaire obligé avant 1972 pour l’exploration ou le forage en vue de découvrir du pétrole ou du gaz naturel au Canada, et les frais de prospection, d’exploration et d’aménagement engagés par le propriétaire obligé avant 1972 pour la recherche de minéraux au Canada sont, pour l’application de l’article 29 des Règles concernant l’application de l’impôt sur le revenu, réputés, après la disposition, ne pas avoir été engagés par le propriétaire obligé, sauf pour l’application de cet article relativement à une déduction pour l’année et de calculer le montant déductible en vertu du paragraphe 29(25) de cette loi par la société donnée ou par une autre société qui acquiert ultérieurement un ou plusieurs de ces avoirs. Montant déterminé (12.1) Dans le cas où, au cours d’une année d’imposition, un propriétaire obligé d’avoir miniers canadiens dispose de la totalité, ou presque, de ceux-ci dans une circonstance visée aux paragraphes (3), (4) ou (5): a) le moins élevé des montants suivants correspond au montant déterminé en application du présent paragraphe pour l’année pour l’application de la division (12.1)b)(ii)(A) et la détermination de l’élément E.1 de la formule figurant à la définition de frais cumulatifs d’exploration au Canada au paragraphe 66.1(6): (i) le total des montants dont chacun représente l’excédent éventuel du montant visé à la division (A) sur le montant visé à la division (B): (A) le montant déduit en application de l’alinéa (12)b) relativement à une disposition qu’il a effectuée au cours de l’année, (b) the lesser of exceeds (ii) the total of (A) the amount claimed under subsection 66.2(2), Income Tax PART I Income Tax DIVISION B Computation of Income
The amount that may be deducted under subsection 135(1) for a particular taxation year by an agricultural cooperative corporation in respect of payments, in the form of tax deferred cooperative shares, made pursuant to allocations in proportion to patronage shall not exceed 85% of the agricultural cooperative corporation’s income of the taxation year attributable to business done with members.
exceeds (ii) the total of Impôt sur le revenu
A taxpayer who holds a tax deferred cooperative share is deemed to have disposed of the share, for proceeds of disposition equal to the amount that would, if this Act were read without reference to this section, have been included under subsection 135(7), in respect of the share, in computing the taxpayer’s income for the taxation year in which the share was issued, at the earliest time at which (a) the paid-up capital of the share is reduced otherwise than by way of a redemption of the share; or (b) the taxpayer pledges, or for civil law hypothecates, assigns or in any way alienates the share as security for indebtedness of any kind.
A taxpayer who is deemed by subsection (4) to have disposed at any time of a tax deferred cooperative share is deemed to have reacquired the share, immediately after that time, at a cost equal to the taxpayer’s proceeds of disposition from that disposition.
Subsection 135(3) does not apply to a payment pursuant to an allocation in proportion to patronage that is paid by an agricultural cooperative corporation through the issuance of a tax deferred cooperative share.
A person or partnership (in this subsection referred to as the “redeeming entity”) that redeems, acquires or cancels a shareholder’s share shall withhold and forthwith remit to the Receiver General, on account of the shareholder’s tax liability, 15% from the amount otherwise payable on the redemption, acquisition or cancellation, if (a) the share was, at the time it was issued, a tax deferred cooperative share; (b) the redeeming entity is the corporation that issued the share, or a person or partnership with whom the corporation does not deal at arm’s length; and (c) the shareholder is not a trust whose taxable income is exempt from tax under this Part because of paragraph 149(1)(r) or (x).
(A) le montant déduit en application de l’alinéa (12d) relativement à une disposition qu’il a effectuée au cours de l’année, (B) le montant qu’il indique dans un formulaire prescrit présenté au ministre dans les 6 mois suivant la fin de l’année relativement à un montant calculé selon la division (A), (iii) le total des montants suivants : (A) le montant qu’il a demandé en déduction pour l’année en application du paragraphe 66.4(2), (B) le montant qui, sans l’alinéa 66.4(1)c), serait calculé à son égard pour l’année selon le paragraphe 66.4(1). Réduction des frais relatifs à des ressources à l’étranger
Subsection (10) applies in respect of the disposition, after September 28, 2009, by a taxpayer of a tax deferred cooperative share (in this subsection and subsection (10) Nouvelle acquisition referred to as the “old share”) of an agricultural cooperative corporation if (a) the disposition results from the acquisition, cancellation or redemption of the old share in the course of a reorganization of the capital of the corporation; (b) in exchange for the old share the corporation issues to the taxpayer a share (in this subsection and subsection (10) referred to as the “new share”) that is described in all of paragraphs (b) to (d) of the definition tax deferred cooperative share in subsection (1); and (c) the amount of paid-up capital, and the amount, if any, that the taxpayer is entitled to receive on a redemption, acquisition or cancellation, of the new share are equal to those amounts, respectively, in respect of the old share. Shares issued on corporate reorganizations
Le propriétaire obligé d’avoirs miniers étrangers qui dispose après le 5 juin 1987 de la totalité, ou presque, de ceux-ci en faveur d’une société dans une circonstance où le paragraphe (2) s’applique est réputé, après la disposition, ne pas avoir engagé les frais d’exploration et de mise en valeur à l’étranger qu’il a engagés avant cette disposition, sauf pour le calcul des montants déductibles en application de ce paragraphe par la société ou par une autre société qui acquiert ultérieurement un ou plusieurs de ces avoirs. Réduction des frais relatifs à des ressources à l’étranger (13.1) Dans le cas où un propriétaire obligé d’avoirs miniers étrangers se rapportant à un pays dispose, au cours d’une année d’imposition, de la totalité de ses avoirs miniers étrangers dans les circonstances visées au paragraphe (2.3), les règles suivantes s’appliquent : a) est déduit, dans le calcul des frais cumulatifs relatifs à des ressources à l’étranger du propriétaire obligé se rapportant au pays à un moment postérieur au moment visé au sous-alinéa (2.3)a)(i), le montant de ces frais déterminé immédiatement après la disposition; b) pour l’application de l’alinéa (2.3)a), les frais cumulatifs relatifs à des ressources à l’étranger du (A) the specified amount determined under subsection (13.2) in respect of the original owner and the country for the year exceeds exceeds (b) the total of propriétaire obligé se rapportant au pays, déterminés immédiatement après la disposition, qui ont été déduits en application du paragraphe 66.21(4) dans le calcul de son revenu pour l’année sont réputés correspondre au moins élevé des montants suivants : (i) le montant déduit en application de l’alinéa a) relativement à la disposition, (ii) l’excédent éventuel du montant visé à la division (A) sur le montant visé au la division (B) : (A) le montant déterminé, calculé selon le paragraphe (13.2) relativement au propriétaire obligé et au pays pour l’année, (B) le total des montants déterminés selon le présent alinéa relativement à une autre disposition d’avoirs miniers étrangers se rapportant au pays effectuée par le propriétaire obligé avant la disposition et au cours de l’année. Montant déterminé — frais relatifs à des ressources à l’étranger (13.2) Dans le cas où un propriétaire obligé d’avoirs miniers étrangers se rapportant à un pays dispose de la totalité ou de la presque totalité de ses avoirs miniers étrangers dans les circonstances visées au paragraphe (2.3), le montant déterminé relativement au pays et au propriétaire obligé pour l’année, pour l’application de la division (13.1)(b)(ii)(A) ainsi que pour le calcul de la valeur de l’élément D de la formule figurant à la définition de frais cumulatifs relatifs à des ressources à l’étranger au paragraphe 66.21(1), correspond au moins élevé des montants suivants : a) le total des montants représentant chacun l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le montant déduit en application de l’alinéa (13.1)a) relativement à une disposition d’avoirs miniers étrangers se rapportant au pays effectuée par le propriétaire obligé au cours de l’année, (ii) le montant éventuellement indiqué par le propriétaire obligé dans un formulaire prescrit présenté au ministre dans les six mois suivant la fin de l’année relativement au montant visé au sous-alinéa (i); b) la somme des montants suivants : (i) le montant déduit par le propriétaire obligé en application du paragraphe 66.21(4) relativement au pays pour l’année, Disposal of Canadian resource properties (i) determining an amount deductible under subsection 66.7(1) or 66.7(3) for the year, (ii) le montant qui, si ce n’était l’alinéa 66.21(3)c), serait déterminé selon le paragraphe 66.21(3) relativement au pays et au propriétaire obligé pour l’année. Disposition d’avoirs miniers canadiens
If this subsection applies in respect of an exchange of a taxpayer’s old share for a new share, for the purposes of this section (other than subsection (9)), (a) the new share issued in exchange for the old share is deemed to have been issued, pursuant to an allocation in proportion to patronage, at the time the old share was issued; and (b) provided that no person or partnership receives at any time any consideration (other than the new share) in exchange for the old share, for the purposes of subsections (2) and (7) the taxpayer is deemed to have disposed of the old share for nil proceeds. Continuation of the Canadian Wheat Board
Les présomptions suivantes s’appliquent au propriétaire antérieur d’un avoir minier canadien qui dispose au cours d’une année d’imposition de tels avoirs en faveur d’une société dans les circonstances déterminées au paragraphe 29(25) des Règles concernant l’application de l’impôt sur le revenu ou aux paragraphes (1), (3), (4) ou (5) : a) pour l’application de ces paragraphes à l’acquisition par le propriétaire antérieur d’un avoir minier canadien dont il était propriétaire immédiatement avant la disposition, le propriétaire antérieur est réputé, après la disposition, n’avoir jamais acquis de tels avoirs, sauf pour ce qui est de calculer les montants suivants : (i) un montant déductible en application des paragraphes (1) ou (3) pour l’année, (ii) un montant déductible en application des paragraphes (4) ou (5) pour l’année, si le propriétaire antérieur et la société n’avaient pas de lien de dépendance au moment de la disposition ou si la disposition a été effectuée par fusion ou unification, (iii) le montant que représente l’élément F de la formule figurant à la définition frais cumulatifs d’aménagement au Canada au paragraphe 66.2(5), les montants visés aux alinéas a) et b) de l’élément L de cette formule et le montant que représente l’élément F de la formule figurant à la définition de frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe 66.4(5); b) lorsque la société ou une autre société acquiert un ou plusieurs des avoirs au moment de la disposition, ou après, dans les circonstances déterminées aux paragraphes (4) ou (5), les montants qui deviennent à recevoir par le propriétaire antérieur après la disposition relativement aux avoirs miniers canadiens qu’il détenait toujours au moment de la disposition sont réputés, pour l’application des paragraphes (4) ou (5) à la société ou à l’autre société relativement à l’acquisition, ne pas être devenus à recevoir par le propriétaire antérieur. Income Tax PART I Income Tax DIVISION B Computation of Income
application for continuance means the application for continuance referred to in paragraph (a) of the definition Canadian Wheat Board continuance. (demande de prorogation) Canadian Wheat Board means the corporation referred to in subsection 4(1) of the Canadian Wheat Board (Interim Operations) Act, as it read before its repeal, that is continued under the Canada Business Corporations Act pursuant to the application for continuance. (Commission canadienne du blé) Canadian Wheat Board continuance means the series of transactions or events that includes (a) the application for continuance under the Canada Business Corporations Act that is (i) made by the corporation referred to in subsection 4(1) of the Canadian Wheat Board (Interim Operations) Act, as it read before its repeal, and (ii) approved by the Minister of Agriculture and Agri-Food under Part III of the Marketing Freedom for Grain Farmers Act; (b) the issuance of a promissory note or other evidence of indebtedness by the Canadian Wheat Board to the eligible trust; and (c) the disposition of the eligible debt by the eligible trust, in the same taxation year of the trust in which the eligible debt is issued to it, in exchange for consideration that includes the issuance of shares by the Canadian Wheat Board that have a total fair market value at the time of their issuance that is equal to the amount by which the principal amount of the eligible debt exceeds $10 million. (prorogation de la Commission canadienne du blé) eligible debt means the promissory note or other evidence of indebtedness referred to in paragraph (b) of the definition Canadian Wheat Board continuance. (dette admissible) eligible share means a common share of the capital stock of the Canadian Wheat Board that is issued in exchange for the eligible debt, as referred to in paragraph (c) of the definition Canadian Wheat Board continuance. (action admissible) eligible trust, at any time, means a trust that meets the following conditions: (a) it was established in connection with the application for continuance; (b) it is resident in Canada at that time; (c) immediately before it acquired the eligible debt, it held only property of nominal value; (d) it is not exempt because of subsection 149(1) from tax on its taxable income for any period in its taxation year that includes that time; Continuance of the Canadian Wheat Board (e) all of the interests of beneficiaries under it at that time are described by reference to units that are eligible units in it; (f) the only persons who have acquired an interest as a beneficiary under the trust from it before that time are persons who were participating farmers at the time they acquired the interest; (g) all or substantially all of the fair market value of its property at that time is based on the value of property that is (ii) shares of the capital stock of the Canadian Wheat Board, or (iii) property described in paragraph (a) or (b) of the definition qualified investment if in section 204 or a deposit with a credit union; (h) the property that it has paid or distributed at or before that time to a beneficiary under the trust in satisfaction of the beneficiary’s eligible unit in the trust is (i) money denominated in Canadian dollars, or (ii) shares distributed as an eligible wind-up distribution of the trust; and (i) at no time in its taxation year that includes that time is any other trust an eligible trust. eligible unit, in a trust at any time, means a unit that describes all or part of an interest as a beneficiary under the trust if (a) the total of all amounts each of which is the value of a unit at the time it was issued by the trust to a participating farmer does not exceed the amount by which the principal amount of the eligible debt exceeds $10 million; and (b) all of the interests as a beneficiary under the trust are fixed interests if (as defined in subsection 251.2(1)) in the trust. eligible wind-up distribution, of a trust, means a distribution of property by the trust to a person if (a) the distribution includes a share of the capital stock of the Canadian Wheat Board that is listed on a designated stock exchange; (b) the only property (other than a share described in paragraph (a)) distributed by the trust on the distribution is money denominated in Canadian dollars; (c) the distribution results in the disposition of all of the person’s interest as a beneficiary under the trust; and (d) the trust ceases to exist immediately after the distribution or immediately after the last of a series of eligible wind-up distributions (determined without reference to this paragraph) of the trust that includes the distribution. (distribution admissible sur liquidation) participating farmer, in respect of a trust at any time, means a person (a) who is eligible to receive units of the trust pursuant to the plan under which the trust directs its trustees to grant units to persons who have delivered grain under a contract with the Canadian Wheat Board on or after August 1, 2013; and (b) engaged in the production of grain or any person entitled, as landlord, vendor or mortgagee or hypothecary creditor, to grain produced by a person engaged in the production of grain or to any share of that grain. (agriculteur participant) person includes a partnership. (personne)
Disposal of foreign resource properties Disposal of foreign resource properties — subsection (2.3) Impôt sur le revenu
If, at any time, an eligible trust acquires eligible debt, the principal amount of the eligible debt is deemed not to be included in computing the income of the eligible trust for the taxation year of the eligible trust that includes that time.
If, at any time, an eligible trust disposes of eligible debt in exchange for consideration that includes the issuance of eligible shares (a) for the purpose of computing the income of the eligible trust for its taxation year that includes that time (i) an amount, in respect of the disposition of the eligible debt, equal to the fair market value of all property (other than eligible shares) received on the exchange by the trust is included, (ii) no amount in respect of the disposition of the eligible debt is included (other than the amount described in subparagraph (i)), and (iii) no amount in respect of the receipt of the eligible shares is included; (b) the cost to the eligible trust of each eligible share is deemed to be nil; (c) in computing the paid-up capital in respect of the class of the capital stock of the Canadian Wheat Board that includes the eligible shares, at any time after the shares are issued, there shall be deducted an amount equal to the amount of the paid-up capital in respect of that class at the time the shares are issued; (i) that is held by the trust in a taxation year that ends at or after that time, and (ii) that is (A) received by the trust on the exchange, or (B) a substitute for property described in subparagraph (i); and
The following rules apply in respect of a trust that is an eligible trust at any time in a taxation year of the trust: (a) in computing the trust’s income for the year (i) no deduction may be made by the trust under subsection 104(6), except to the extent of the income of the trust (determined without reference to subsection 104(6)) for the year that is paid in the year, and Constitution of the Canadian Wheat Board (ii) no deduction may be made by the trust under subsection 104(6), if the trust ceased to be an eligible trust at the beginning of the following taxation year; (b) for the purposes of applying Part XII.2 in respect of the year (i) the trust’s designated income for the year is deemed to be the trust’s income for the year determined without reference to subsections 104(6) and (30), and (ii) the designated beneficiaries under the trust at any time in the year are deemed to include any beneficiary under the trust that is at that time (B) a partnership (other than a partnership that is, throughout its fiscal period that includes that time, a Canadian partnership), or (C) exempt because of subsection 149(1) from tax under this Part on the person’s taxable income; (c) each property held by the trust that is the eligible debt or an eligible share is deemed to have a cost amount to the trust of nil; (i) subject to subsection (14), the disposition is deemed to occur for proceeds equal to the fair market value of the property immediately before the disposition, (ii) the gain, if any, of the trust from the disposition is (A) deemed not to be a capital gain, and (B) to be included in computing the trust’s income for the trust’s taxation year that includes the time of disposition, and (iii) the loss, if any, of the trust from the disposition is (A) deemed not to be a capital loss, and (B) to be deducted in computing the trust’s income for the trust’s taxation year that includes the time of disposition; (e) the trust is deemed not to be a (iv) trust any interest in which is an excluded right or interest in applying section 128.1; (f) any security (in this paragraph and paragraph (g), as defined in subsection 122.1(1)) of the trust that is held by a trust governed by a deferred profit sharing plan, FHSA, RDSP, RESP, RRIF, RRSP or TFSA (referred to in this paragraph and paragraph (g) as the “registered plan trust”) is deemed not to be a qualified investment for the registered plan trust; (g) if a registered plan trust governed by a TFSA or FHSA acquires at any time a security of the trust, Part XI.01 applies in respect of the security as though the acquisition is an advantage (i) in relation to the TFSA or the FHSA, as the case may be, that is extended at that time to the controlling individual of the registered plan trust, and (ii) that is a benefit the fair market value of which is the fair market value of the security at that time; and (h) paragraph (h) of the definition disposition in subsection 248(1) does not apply in respect of eligible units of the trust. Participating farmer — acquisition of eligible unit
If, at any time, a participating farmer acquires an eligible unit in an eligible trust from the trust, (a) no amount in respect of the acquisition of the eligible unit is included in computing the income of the participating farmer; and (b) the cost amount, to the farmer, of the unit is deemed nil. Eligible unit issued to estate
Disposition d’avoirs miniers étrangers
If a participating farmer has, immediately before the participating farmer’s death, not received an eligible unit of an eligible trust for which the participating farmer was eligible — pursuant to the plan under which the eligible trust directs its trustees to grant units to persons who have delivered grain under a contract with the Canadian Wheat Board on or after August 1, 2013 — and the eligible trust issues the unit to the estate that arose on and as a consequence of the death, (a) the participating farmer is deemed to have acquired the unit at the time that is immediately before the time that is immediately before the death, as a participating farmer from the eligible trust, and to own the unit at the time that is immediately before the death; (b) for the purpose of paragraph (f) of the definition eligible trust in subsection (1), the estate is deemed not to have acquired the unit from the trust; and (c) for the purposes of paragraphs 8(b) and (c), the estate is deemed to have acquired the eligible unit on and as a consequence of the death. Eligible unit — gain (loss)
Le propriétaire antérieur d’avoirs miniers étrangers qui dispose après le 5 juin 1987 de la totalité, ou presque, de ceux-ci en faveur d’une société dans les circonstances déterminées au paragraphe (2) est réputé, après la disposition, n’avoir jamais acquis les avoirs pour l’application de ce paragraphe à l’acquisition par le propriétaire antérieur d’un ou plusieurs de ces avoirs (ou d’autres avoirs miniers étrangers qu’il détenait toujours au moment de la disposition et qu’il avait acquis dans les circonstances déterminées au paragraphe (2)). Disposition d’avoirs miniers étrangers — paragraphe (2.3) (15.1) Dans le cas où un propriétaire antérieur d’avoirs miniers étrangers dispose, au cours d’une année d’imposition, d’avoirs miniers étrangers en faveur d’une société dans les circonstances visées au paragraphe (2.3), les prescriptions suivantes s’appliquent : a) pour l’application de ce paragraphe au propriétaire antérieur relativement à son acquisition d’avoirs miniers étrangers dont il était propriétaire immédiatement avant la disposition, il est réputé, après la disposition, ne jamais avoir acquis ces avoirs, sauf pour ce qui est de déterminer les montants suivants : (i) un montant déductible en application du paragraphe (2.3) pour l’année, si le propriétaire antérieur et la société n’avaient entre eux aucun lien de dépendance au moment de la disposition ou si la disposition a été effectuée par suite d’une fusion ou d’une unification, (ii) la valeur de l’élément F de la formule figurant à la définition de frais cumulatifs relatifs à des ressources à l’étranger au paragraphe 66.2(1); b) si la société ou une autre société acquiert l’un des avoirs au moment de la disposition ou postérieurement dans les circonstances visées au paragraphe (2.3), les montants qui deviennent à recevoir par le propriétaire antérieur après la disposition relativement aux avoirs miniers étrangers qu’il a conservés au moment de la disposition sont réputés, pour l’application du paragraphe (2.3) à la société ou à l’autre société relativement à l’acquisition, ne pas être devenus à recevoir par le propriétaire antérieur. Absence de propriétaire obligé ou antérieur
If a person disposes of an eligible unit in a trust that is an eligible trust at the time of the disposition (a) the gain, if any, of the person from the disposition is (i) deemed not to be a capital gain, and (ii) to be included in computing the person’s income for the person’s taxation year that includes that time; and (b) the loss, if any, of the person from the disposition is (i) deemed not to be a capital loss, and (ii) to be deducted in computing the person’s income for the person’s taxation year that includes that time. Death of a participating farmer
Dans le cas où, à un moment donné, une personne acquiert un avoir minier canadien ou un avoir minier étranger dans des circonstances où ni un des paragraphes (1) à (5) ni le paragraphe 29(25) des Règles concernant Application of interpretation provisions l’application de l’impôt sur le revenu ne s’appliquent, quiconque était propriétaire originaire ou propriétaire antérieur de l’avoir avant ce moment est réputé après ce moment ne pas l’être aux enoncés pour l’application de ces paragraphes à l’égard de cette personne ou de toute autre personne qui acquiert l’avoir après ce moment. Restrictions aux déductions
If, immediately before an individual’s death, the individual owns an eligible unit that the individual acquired as a participating farmer from an eligible trust (a) the individual is deemed to dispose (referred to in this subsection as the particular disposition) of the eligible unit immediately before death; (i) the individual’s proceeds from the particular disposition are deemed to be equal to the unit’s fair market value immediately before the particular disposition, (ii) the gain from the particular disposition is deemed to be included, under subsection 70(1) and not under any other provision, in the individual’s income for the individual’s taxation year in which the individual dies, (iii) subsection 159(5) applies in respect of the individual who has died (determined as though a reference in that subsection to subsection 70(5.2) includes a reference to subsection 70(1) in the application of subsection 159(5) to the gain from the particular disposition) in respect of the particular disposition, and (iv) the person who acquires the eligible unit as a consequence of the individual’s death is deemed to have acquired the eligible unit at the time of the death at a cost equal to the individual’s proceeds, described in subparagraph (i), from the particular disposition; (i) the individual is resident in Canada immediately before the individual’s death, (ii) the individual’s graduated rate estate acquires the eligible unit on and as a consequence of the death, (iii) the individual’s legal representative elects in prescribed form in the course of administering the individual’s graduated rate estate that paragraph (b) not apply to the individual in respect of the particular disposition, (iv) the election is filed with the individual’s return of income under this Part for the individual’s taxation year in which the death occurred, (v) the estate distributes the eligible unit to the individual's spouse or common-law partner at a time at which it is the individual's graduated rate estate, (vi) the individual's spouse or common-law partner is resident in Canada at the time of the distribution, (vii) the estate does not dispose of the unit before the distribution; and (i) the individual's gain from the disposition is deemed to be nil, (ii) the cost amount to the estate of the eligible unit is deemed to be nil, (iii) any amount that is included in the estate's income (determined without reference to this subparagraph and subsections 104(6) and (12)) for a taxation year from a source that is the eligible unit is, notwithstanding subsection 104(24), deemed (A) to have become payable in that taxation year by the estate to the spouse or common-law partner, and (B) not be have become payable to any other beneficiary, (iv) the distribution is deemed to be a disposition by the estate of the eligible unit for proceeds equal to the cost amount to the estate of the unit, (v) the part of the spouse or common-law partner's interest as a beneficiary under the estate that is disposed of as a result of the distribution is deemed to be disposed of for proceeds of disposition equal to the cost amount to the spouse or common-law partner of that part immediately before the disposition, (vi) the cost amount to the spouse or common-law partner of the eligible unit is deemed to be nil, and (vii) the spouse or common-law partner is, except for the purposes of paragraph (c), deemed to have acquired the eligible unit as a participating farmer from an eligible trust.
Dans le cas où, au cours d’une année d’imposition donnée et avant le 6 juin 1987, une personne dispose d’un avoir minier canadien ou d’un avoir minier étranger dans des circonstances où le paragraphe 29(25) des Règles concernant l’application de l’impôt sur le revenu ou l’un des paragraphes 66.7(1) à (5) s’applique, aucune déduction au titre des frais engagés avant la disposition ne peut être faite par cette personne en application du présent article ou de l’article 66, 66.1, 66.2 ou 66.4 dans le calcul de son revenu pour une année d’imposition postérieure à l’année donnée. Application des définitions
If, at any time, an eligible unit of an eligible trust that was acquired by a participating farmer from the eligible trust is disposed of by the participating farmer (other than a disposition described in paragraph (8)(a), (10)(d) or (11)(b)), (a) the participating farmer’s proceeds from the disposition are deemed to be equal to the fair market value of the unit immediately before its disposition; (b) if the disposition results from a distribution of money denominated in Canadian dollars by the trust to the participating farmer in a taxation year of the trust, the money is proceeds from the disposition in that taxation year by the trust of trust property and, at the time of the disposition, the participating farmer is not a person described in any of clauses (4)(b)(ii)(A) to (C), the trust’s gain, if any, from the disposition of the proceeds so distributed is reduced to the extent that the proceeds so distributed would, in the absence of this paragraph, be included under subsection 104(13) in the participating farmer’s income for the taxation year of the participating farmer in which the taxation year of the trust ends; and (c) if the participating farmer is a Canadian-controlled private corporation, for the purposes of section 125, the gain from the disposition is deemed to be income from an active business carried on by the corporation.
Les définitions figurant au paragraphe 66(15) et aux articles 66.1 à 66.4 s’appliquent au présent article. Frais relatifs à des ressources d’un commanditaire
If, at any time, an eligible trust distributes property as an eligible wind-up distribution of the trust to a person (b) the trust is deemed to have disposed of the property for proceeds equal to its fair market value at that time; (c) the trust’s gain from the disposition of the property is, notwithstanding subsection 104(24), deemed (i) to have become payable at that time by the trust to the person, and (ii) not to have become payable to any other beneficiary; (d) the person is deemed to acquire the property at a cost equal to the trust’s proceeds from the disposition; (e) the person’s proceeds from the disposition of the eligible unit, or part of it, that results from the distribution are deemed to be equal to the cost amount of the unit to the person immediately before that time; and (f) for greater certainty, no part of the trust’s gain from the disposition is to be included in the cost to the person of the property, other than as determined by paragraph (d). (a) subsection 149(10) applies to the trust as if (i) it ceased at that particular time to be exempt from tax under this Part on its taxable income, and (ii) the list of provisions in paragraph 149(10)(c) included a reference to this section; and (b) each person who holds at the particular time an eligible unit in the trust is deemed to have (i) disposed of, at the time that is immediately before the time that is immediately before the particular time, each of the eligible units for proceeds equal to the cost amount of the unit to the person, and (ii) reacquired the eligible unit at the time that is immediately before the particular time at a cost equal to the fair market value of the unit at the time that is immediately before the particular time. Stock dividends — Canadian Wheat Board shares
a) il y a lieu de calculer l’excédent éventuel du total visé au sous-alinéa (ii) sur le montant visé au sous-alinéa (ii) : (i) le total des montants dont chacun représente sa part des frais suivants que la société de personnes a engagés au cours de l’exercice, calculée comme mentionné au présent paragraphe : (A) les frais à l’égard de biens canadiens relatifs au pétrole et au gaz, (B) les frais d’aménagement au Canada, (C) les frais d’exploration au Canada, (D) les frais relatifs à des ressources à l’étranger se rapportant à un pays (appelés « frais étrangers propres à un pays » au présent paragraphe), exceeds exceeds (B) the total of (b) the amount determined under paragraph 66.8(1)(a) shall be applied Income Tax PART I Income Tax DIVISION B Computation of Income
If, at any time, the eligible trust holds an eligible share (or another share of the Canadian Wheat Board acquired before that time as a stock dividend) and the Canadian Wheat Board issues, as a stock dividend and paid in respect of such a share, a share of a class of its capital stock, the amount by which the paid-up capital is increased — in respect of the issuance of all shares paid by the Canadian Wheat Board to the eligible trust as the stock dividend or any other stock dividend paid to other shareholders in connection with that stock dividend — for all classes of shares of the Canadian Wheat Board is, Division M Special Rules Applicable in Certain Circumstances Conversion of the Canadian Wheat Board Reorganization of capital — Canadian Wheat Board
Interpretation Impôt sur le revenu
Subsection (14) applies in respect of the disposition by an eligible trust of all of the shares (in this subsection and subsection (14) referred to collectively as the old shares and individually as an old share) of a class of the capital stock of the Canadian Wheat Board owned by the eligible trust if (a) the disposition of the old shares results from the acquisition, cancellation or redemption in the course of a reorganization of the capital of the Canadian Wheat Board; (b) the Canadian Wheat Board issues to the eligible trust, in exchange for the old shares, shares (in this subsection and subsection (14) referred to collectively as the new shares and individually as a new share) of a class of the capital stock of the Canadian Wheat Board the terms and conditions of which — including the entitlement to receive an amount on a redemption, acquisition or cancellation — are in all material respects the same as those of the old shares; (c) the amount that is the total fair market value of all of the new shares acquired by the eligible trust on the exchange equals the total fair market value of all of the old shares disposed of by the eligible trust; and (d) the amount that is the total paid-up capital in respect of all of the new shares acquired by the eligible trust on the exchange is equal to the amount that is the total paid-up capital in respect of all of the old shares disposed of on the exchange. Rollover of shares on reorganization (a) the old share is deemed to be disposed of by the eligible trust for proceeds equal to its cost amount to the eligible trust; (b) the new share acquired for the old share referred to in paragraph (a) is deemed to be acquired for a cost equal to the amount referred to in paragraph (a); (c) if the old share was an eligible share, the new share is deemed to be an eligible share; and (d) if new shares are deemed to be eligible shares because of paragraph (c) and those shares are included in a class of shares that also includes other shares that are not eligible shares, those eligible shares are deemed to have been issued in a separate series of the class and the other shares are deemed to have been issued in a separate series of the class.
A trust shall file with the Minister a prescribed form in prescribed manner in respect of each taxation year of the trust in which it is an eligible trust on or before the trust’s filing-due date for the year.
If a trust fails to file the form required by subsection (15) on or before the day that is the trust’s filing-due date for a taxation year, (a) in addition to any other penalty for which the trust may be liable under this Act in respect of the failure, the trust is liable to a penalty equal to the product obtained when $1,000 is multiplied by the number of days during which the failure continues; and (b) if, within 30 days after the trust is served personally or by registered mail with a demand in writing from the Minister for the form to be filed, the trust has not filed the form with the Minister, the trust is deemed to cease to be an eligible trust at the end of the day on which the demand was served. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2016, c. 7, s. 38; 2024, c. 15, s. 41. Cooperative Corporations Cooperative not private corporation
Cooperative Corporations 88(1)(e.2)), the definitions excessive eligible dividend designation, general rate income pool and low rate income pool in subsection 89(1), subsections 89(4) to (6) and (8) to (10), sections 123.4, 125, 125.1, 127 and 127.1, the definition mark-to-market property in subsection 142.2(1), sections 152 and 157, subsection 185.2(3), the definition small business corporation in subsection 248(1) (as it applies for the purposes of paragraph 39(1)(c)) and subsection 249.1(3). Definition of cooperative corporation
de personnes a engagés au cours de l’exercice est réputée égale à l’excédent de la part qui revient au contribuable des frais de cette catégorie sur l’excédent appliqué en réduction de sa part des frais de cette catégorie en application de l’alinéa b). Frais engagés au cours de l’exercice suivant
In this section, cooperative corporation means a corporation that was incorporated or continued by or under the provisions of a law, of Canada or of a province, that provide for the establishment of the corporation as a cooperative corporation or that provide for the establishment of cooperative corporations, for the purpose of marketing (including processing incident to or connected to the marketing) natural products belonging to or acquired from its members or customers, of purchasing supplies, equipment or household necessaries for or to be sold to its members or customers or of performing services for its members or customers, if (a) the statute or by under which it was incorporated, its charter, articles or association or by-laws or its contracts with its members or its members and customers held out the prospect that payments would be made to them in proportion to patronage; (b) none of its members (except other cooperative corporations) have more than one vote in the conduct of the affairs of the corporation; (c) at least 90% of its members are individuals, other cooperative corporations, or corporations or partnerships that carry on the business of farming; and (d) at least 90% of its shares, if any, are held by members described in paragraph (c) or by trusts governed by registered retirement savings plans, registered retirement income funds, TFSAs or registered education savings plans, the annuitants, holders or subscribers under which are members described in that paragraph. Credit Unions, Savings and Credit Unions and Deposit Insurance Corporations Credit Unions, Savings and Credit Unions and Deposit Insurance Corporations Payments pursuant to allocations in proportion to borrowing
Pour l’application du sous-alinéa (1)a)(i), l’excédent appliqué en réduction de la part d’un contribuable des frais d’une catégorie qu’une société de personnes a engagés au cours d’un exercice, en application de l’alinéa (1)b), doit être ajouté à la part du contribuable, déterminée par ailleurs, des frais de cette catégorie engagés par la société de personnes au cours de l’exercice suivant. Précisions
Additional deduction
Au présent article : a) le commanditaire d’une société de personnes s’entend au sens qui serait donné à ce terme par le paragraphe 96(2.4), si au paragraphe 96(2.5) : (i) la date du 25 février 1986 était remplacée par celle du 17 juin 1987, (ii) la date du 26 février 1986 était remplacée par celle du 18 juin 1987, (iii) la date du 1er janvier 1987 était remplacée par celle du 1er janvier 1988, (iv) la date du 12 juin 1986 était remplacée par celle du 18 juin 1987, (v) la mention « un prospectus, un prospectus provisoire ou une déclaration d’enregistrement » était remplacée par « un prospectus, un prospectus provisoire, une déclaration d’enregistrement, une notice d’offre ou un avis devant précéder le placement de titres »; a.1) la fraction à risques de l’intérêt d’un contribuable dans une société de personnes s’entend au sens qui serait donné à ce terme par le paragraphe 96(2.2) si l’alinéa 96(2.2)c) avait le libellé suivant : [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations:] R.S., 1985, c. 1 (5th Supp.), s. 66.8; 1994, c. 7, Sch. VIII, s. 26; 2000, c. 19, s. 50; 2013, c. 34, s. 205; 2024, c. 15, s. 14; 2024, c. 17, s. 15; 2024, c. 17, s. 80. SUBDIVISION F Rules Relating to Computation of Income (c) le total des sommes représentant chacune une somme due, au moment donné, à la société de personnes, ou à une personne ou une société de personnes avec laquelle elle a un lien de dépendance, par le contribuable ou par une personne ou une société de personnes avec laquelle il a un lien de dépendance, à l’exception d’une somme déduite en application du sous-alinéa 53(2)c)(i.3) ou de l’article 143.2 dans le calcul du prix de base rajusté ou du coût, selon le cas, pour le contribuable de sa participation dans la société de personnes à ce moment ou d’une somme due par le contribuable à une personne dont il est la filiale à cent pour cent ou, si le contribuable est une fiducie, à une personne qui est son unique bénéficiaire; b) un renvoi à un contribuable qui est un associé d’une société de personnes donné constitue également un renvoi à une autre société de personnes qui est un associé de la société de personnes donnée; c) la part des frais d’aménagement au Canada ou des frais à l’égard de biens canadiens relatifs au pétrole et au gaz du contribuable qu’une société de personnes a engagés au cours d’un exercice à l’égard duquel le contribuable a fait un choix conformément à l’alinéa f) de la définition de frais d’aménagement au Canada au paragraphe 66.2(5) ou à l’alinéa b) de la définition de frais à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe 66.4(5) est réputée nulle. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés:] L.R. (1985), ch. 1 (5e suppl.), art. 66.8; 1994, ch. 7, ann. VIII, art. 26; 2000, ch. 19, art. 50; 2013, ch. 34, art. 205; 2024, ch. 15, art. 14; 2024, ch. 17, art. 15; 2024, ch. 17, art. 80.
There may be deducted from the tax otherwise payable under this Part for a taxation year by a corporation that was, throughout the year, a credit union, an amount equal to the amount determined by the formula A is the rate that would, if subsection 125(1.1) applied to the corporation for the year, be its small business deduction rate for the year within the meaning assigned by that subsection, B is the amount, if any, determined by the formula D is the lesser of (a) the corporation’s taxable income for the year, and (b) the amount, if any, by which 4/3 of the corporation’s maximum cumulative reserve at the end of the year exceeds the corporation’s preferred-rate amount at the end of the immediately preceding taxation year, and E is the least of the amounts determined under paragraphs 125(1)(a) to (c) in respect of the corporation for the year, and C is the percentage that is the total of (a) the proportion of 100% that the number of days in the year that are before March 21, 2013 is of the number of days in the year, (b) the proportion of 80% that the number of days in the year that are after March 20, 2013 and before 2014 is of the number of days in the year, (c) the proportion of 60% that the number of days in the year that are in 2014 is of the number of days in the year, (e) the proportion of 20% that the number of days in the year in 2016 is of the number of days in the year, and (f) if one or more days in the year are after 2016, 0%.
Règles relatives au calcul du revenu Restriction générale relative aux dépenses 67 Dans le calcul du revenu, aucune déduction ne peut être faite relativement à une dépense à l’égard de laquelle une somme est déductible par ailleurs en vertu de la présente loi, sauf dans la mesure où cette dépense était raisonnable dans les circonstances. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés:] 1970-71-72, ch. 63, art. 1 « 67 ». Frais de représentation
For the purposes of this Act, any amount deductible or any deduction under subsection 137(3) from the tax otherwise payable by a credit union under this Part for a taxation year shall be deemed to be an amount deductible or a deduction, as the case may be, under section 125 from that tax. Payments in respect of shares (4.1) Notwithstanding any other provision of this Act, an amount paid or payable by a credit union to a person is deemed to be paid or payable, as the case may be, by the credit union as interest and to be received or receivable, as the case may be, by the person as interest, if (a) the amount is in respect of a share held by the person of the capital stock of the credit union, other than an amount paid or payable as or on account of a reduction of the paid-up capital, redemption, acquisition or cancellation of the share by the credit union to the extent of the paid-up capital of the share; (b) the share is not listed on a stock exchange; and (c) the person is (i) a member of the credit union, or (ii) a member of another credit union if the share is issued by the credit union after March 28, 2012 and the other credit union is a member of the credit union. Credit Unions, Savings and Credit Unions and Deposit Insurance Corporations Deemed interest not a dividend (4.2) Notwithstanding any other provision of this Act, an amount that is deemed by subsection 137(4.1) to be interest shall be deemed not to be a dividend. Determination of preferred-rate amount of a corporation (a) the preferred-rate amount of a corporation at the end of a taxation year is determined by the formula A is its preferred-rate amount at the end of its immediately preceding taxation year, B is the amount deductible under section 125 from the tax for the taxation year otherwise payable by it under this Part, and C is its small business deduction rate for the taxation year within the meaning of subsection 125(1.1); (b) where at any time a new corporation has been formed as a result of an amalgamation of two or more predecessor corporations, within the meaning of subsection 87(1), it shall be deemed to have had a taxation year ending immediately before that time and to have had, at the end of that year, a preferred-rate amount equal to the total of the preferred-rate amounts of each of the predecessor corporations at the end of their last taxation years; and (c) where there has been a winding-up as described in subsection 88(1), the preferred-rate amount of the parent (referred to in that subsection) at the end of its taxation year immediately preceding its taxation year in which it received the assets of the subsidiary (referred to in that subsection) on the winding-up shall be deemed to be the total of the amount that would otherwise be its preferred-rate amount at the end of that year and the preferred-rate amount of the subsidiary at the end of its taxation year in which its assets were distributed to the parent on the winding-up.
Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
Where a payment has been received by a taxpayer from a credit union in a taxation year in respect of an allocation in proportion to borrowing, the amount thereof Credit Unions, Savings and Credit Unions and Deposit Insurance Corporations shall, if the money so borrowed was used by the taxpayer for the purpose of earning income from a business or property (otherwise than to acquire property the income from which would be exempt or to acquire a life insurance policy), be included in computing the taxpayer's income for the year. Allocations of taxable dividends and capital gains (5.1) A credit union (referred to in this subsection and in subsection 137(5.2) as the “payer”) may, at any time within 120 days after the end of its taxation year, elect in prescribed form to allocate for the year to a member that is a credit union such portion of each of the following amounts as may reasonably be regarded as attributable to the member: (a) the total of all amounts each of which is the amount of a taxable dividend received by the payer from a taxable Canadian corporation in the year; (b) the amount, if any, by which (i) the total of all amounts each of which is the amount by which the payer's capital gain from the disposition of a property in the year exceeds the payer's taxable capital gain from the disposition (ii) the total of all amounts each of which is the amount by which the payer's capital loss from the disposition of a property in the year exceeds the payer's allowable capital loss from the disposition; and (c) each amount deductible under paragraph 137(5.2)(c) in computing the payer's taxable income for the year. (5.2) Notwithstanding any other provision of this Act, (a) there shall be deducted from the amount that would, but for this subsection, be deductible under section 112 in computing a payer's taxable income for a taxation year such portion of the total referred to in paragraph 137(5.1)(a) as the payer allocated to its members under subsection 137(5.1) in respect of the year; (b) there shall be included in computing the income of a payer for a taxation year an amount equal to that portion of the amounts referred to in paragraphs 137(5.1)(b) and 137(5.1)(c) that the payer allocated under subsection 137(5.1) in respect of the year to its members; and (c) each amount allocated under subsection 137(5.1) to a member may be deducted by that member in computing the member’s taxable income for its taxation year that includes the last day of the payer’s taxation year in respect of which the amount was so allocated.
Exceptions Impôt sur le revenu
In this section, allocation in proportion to borrowing for a taxation year means an amount credited by a credit union to a person who was a member of the credit union in the year on terms that the member is entitled to or will receive payment thereof, computed at a rate in relation to (a) the amount of interest payable by the member on money borrowed from the credit union, or (b) the amount of money borrowed by the member from the credit union, if the amount was credited at the same rate in relation to the amount of interest or money, as the case may be, as the rate at which amounts were similarly credited in the year to all other members of the credit union of the same class; (répartition proportionnelle à l’importance de l’emprunt) bonus interest payment for a taxation year means an amount credited by a credit union to a person who was a member of the credit union in the year on terms that the member is entitled to or will receive payment thereof, computed at a rate in relation to (a) the amount of interest payable in respect of the year by the credit union to the member on money standing to the member’s credit from time to time in the records or books of account of the credit union, or (b) the amount of money standing to the member’s credit from time to time in the year in the records or books of account of the credit union, if the amount was credited at the same rate in relation to the amount of interest or money, as the case may be, as the rate at which amounts were similarly credited in the year to all other members of the credit union of the same class; (paiement d’intérêts supplémentaires) credit union means a corporation, association or federation incorporated or organized as a credit union or cooperative credit society if (a) it is (i) a federal credit union, or (ii) a provider of financial services that is organized on cooperative principles and incorporated by or under an Act of the legislature of a province, (b) all or substantially all the members thereof having full voting rights therein were corporations, associations or federations (i) incorporated as credit unions or cooperative credit societies, each of which is described in paragraph (a), or all or substantially all of the members of which were credit unions, cooperatives or a combination of those entities, (ii) incorporated, organized or registered under, or governed by a law of Canada or a province with respect to cooperatives, or (iii) incorporated or organized for charitable purposes, or were corporations, associations or federations no part of the income of which was payable to, or otherwise available for the personal benefit of, any shareholder or member thereof, or (c) the corporation, association or federation would be a credit union by virtue of paragraph (b) if all the members (other than individuals) having full voting rights in each member thereof that is a credit union were members having full voting rights in the corporation, association or federation; (caisse de crédit) maximum cumulative reserve of a credit union at the end of any particular taxation year means an amount determined by the formula A is the total of all amounts each of which is the amount of any debt owing by the credit union to a member thereof or of any other obligation of the credit union to pay an amount to a member thereof, that was outstanding at the end of the year, including, for greater certainty, the amount of any deposit standing to the credit of a member of the credit union in the records of the credit union, but excluding, for greater certainty, any share in the credit union of any member thereof, and B is the total of all amounts each of which is the amount, as of the end of the year, of any share in the credit union of any member thereof; (provision cumulative maximale) member, of a credit union, means (a) a person who is recorded as a member on the records of the credit union and is entitled to participate in and use the services of the credit union, and (b) a registered retirement savings plan, a registered retirement income fund, a TFSA, a FHSA or a registered education savings plan, the annuitant, holder or subscriber under which is a person described in paragraph (a). (membre) Credit union not private corporation
Notwithstanding any other provision of this Act, a credit union that would, if this Act were read without reference to this section, be a private corporation is deemed not to be a private corporation except for the purposes of sections 123.1, 123.4, 125, 127, 127.1, 152 and 157 and the definition small business corporation in subsection 248(1) as it applies for the purpose of paragraph 39(1)(c). Amounts included in income of deposit insurance corporation
(a) the corporation’s income shall, except as otherwise provided in this section, be computed in accordance with the rules applicable in computing income for the purposes of this Part; and (b) there shall be included in computing the corporation’s income such of the following amounts as are applicable: (i) the total of profits or gains made in the year by the corporation in respect of bonds, debentures, mortgages, hypothecary claims, notes or other similar obligations owned by it that were disposed of by it in the year, and (ii) the total of each such portion of each amount, if any, by which the principal amount, at the time it was acquired by the corporation, of a bond, debenture, mortgage, hypothecary claim, note or other similar obligation owned by the corporation at the end of the year exceeds the cost to the corporation of acquiring it as was included by the corporation in computing its profit for the year. Amounts not included in income
The following amounts shall not be included in computing the income of a deposit insurance corporation for a taxation year: (a) any premium or assessment received, or receivable, by the corporation in the year from a member institution; and (b) any amount received by the corporation in the year from another deposit insurance corporation to the extent that that amount can reasonably be considered to have been paid out of amounts referred to in paragraph (a) received by that other deposit insurance corporation in any taxation year. Amounts deductible in computing income of deposit insurance corporation
est réputée correspondre à 50 % de la moins élevée des sommes suivantes : a) la somme réellement payée ou à payer; b) la somme qui serait raisonnable dans les circonstances. Frais de repas des conducteurs de grands routiers (1.1) La somme payée ou payable relativement à la consommation d’aliments ou de boissons par un conducteur de grand routier pendant une période de déplacement admissible est réputée correspondre au produit du pourcentage déterminé relatif à la somme ainsi payée ou payable par la moins élevée des sommes suivantes : a) la somme ainsi payée ou payable; b) toute somme raisonnable dans les circonstances. Exceptions
There may be deducted in computing the income for a taxation year of a taxpayer that is a deposit insurance corporation such of the following amounts as are applicable: (a) the total of losses sustained in the year by the corporation in respect of bonds, debentures, mortgages, hypothecary claims, notes or other similar obligations owned by it and issued by a person other than a member institution that were disposed of by it in the year; (b) the total of each such portion of each amount, if any, by which the cost to the corporation of acquiring a bond, debenture, mortgage, hypothecary claim, note or other similar obligation owned by the corporation at the end of the year exceeds the principal amount of the bond, debenture, mortgage, hypothecary claim, note or other similar obligation, as the case may be, at the time it was acquired, as was deducted by the corporation in computing its profit for the year; Credit Unions, Savings and Credit Unions and Deposit Insurance Corporations (d) the total of all expenses incurred by the taxpayer in collecting premiums or assessments from member institutions; (e) the total of all expenses incurred by the taxpayer (i) in the performance of its duties as curator of a bank, or as liquidator or receiver of a member institution when duly appointed as such a curator, liquidator or receiver, (ii) in the course of making or causing to be made such inspections as may reasonably be considered to be appropriate for the purposes of assessing the solvency or financial stability of a member institution, and (iii) in supervising or administering a member institution in financial difficulty; and (f) the total of all amounts each of which is an amount that is not otherwise deductible by the taxpayer for the year or any other taxation year and that is (i) an amount paid by the taxpayer in the year pursuant to a legal obligation to pay interest on borrowed money, and (A) to lend money to, or otherwise provide assistance to, a member institution in financial difficulty, (B) to assist in the payment of any losses suffered by members or depositors of a member institution in financial difficulty, (C) to lend money to a subsidiary wholly-owned corporation of the taxpayer where the subsidiary is deemed by subsection 137.1(5.1) to be a deposit insurance corporation, (D) to acquire property from a member institution in financial difficulty, or (E) to acquire shares of the capital stock of a member institution in financial difficulty, or (ii) an amount paid by the taxpayer in the year pursuant to a legal obligation to pay interest on an amount that would be deductible under subparagraph 137.1(3)(f)(i) if it were paid in the year. Limitation on deduction
Le paragraphe (1) ne s’applique pas au montant payé ou payable par une personne pour des aliments, des boissons ou des divertissements dans les cas suivants : a) le montant est payé ou payable pour des aliments, des boissons ou des divertissements fournis contre paiement ou en vue de l’obtention d’un bénéfice dans le cours normal des activités d’une entreprise exploitée par cette personne et qui consiste à fournir contre paiement ces aliments, ces boissons ou ces divertissements; b) le montant est payé ou payable dans le cadre d’une levée de fonds dont le principal objet est un organisme de bienfaisance enregistré; c) le montant est payé ou payable contre un paiement raisonnable indiqué de façon précise par écrit à la personne qui fait ce paiement; d) le montant est à inclure dans le calcul du revenu d’un contribuable en raison de l’application de l’article 6 relativement aux aliments, aux boissons ou aux divertissements pris par le contribuable ou par une personne avec laquelle il a un lien de dépendance, ou serait ainsi à inclure si ce n’était le sous-alinéa 6(6)a)(ii); e) le montant, à la fois : (i) n’est pas payé ou payable relativement à une conférence, à un congrès, à un colloque ou à un événement semblable, (ii) serait à inclure, si ce n’était le sous-alinéa 6(6)a)(i), dans le calcul du revenu d’un contribuable Interpretation Definitions long-haul truck driver means an individual whose principal business or principal duty of employment is driving a long-haul truck that transports goods. (conducteur de grand routier) A/30 x B where [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 67.2; 1994, c. 7, Sch. II, s. 44; 2019, c. 29, s. 7. Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
No deduction shall be made in computing the income for a taxation year of a taxpayer that is a deposit insurance corporation in respect of (a) any grant, subsidy or other assistance to member institutions provided by it; (b) an amount equal to the amount, if any, by which the amount paid or payable by it to acquire property exceeds the fair market value of the property at the time it was so acquired; (c) any amounts paid to its member institutions as allocations in proportion to any amounts described in subsection 137.1(2); (d) any amount paid by it to another deposit insurance corporation that is, because of paragraph (2)(b), not included in computing the income of that other deposit insurance corporation; or (e) any amount that may otherwise be deductible under paragraph 20(1)(p) in respect of debts owing to it by any of its member institutions that has not been included in computing its income for the year or a preceding taxation year.
(A × B)/30 - C - D - E where (d) the amount determined by the formula (A × B)/0.85C - D - E where D E R.S., 1985, c. 1 (5th Supp.), s. 67.3; 1994, c. 7, Sch. II, s. 45. 1988, c. 55, s. 46. 2019, c. 29, s. 8. --- payés relativement à la location, si les intérêts étaient, à la fois : (i) payables sur les montants remboursables au taux prescrit, (ii) calculés pour la période de l’année où les montants remboursables sont impayés, E le total des remboursements devenus à recevoir par le contribuable pour la location au cours de l’année. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.]
In this section, deposit insurance corporation means (a) a corporation that was incorporated by or under a law of Canada or a province respecting the establishment of a stabilization fund or board if (i) it was incorporated primarily (A) to provide or administer a stabilization, liquidity or mutual aid fund for credit unions, and (B) to assist in the payment of any losses suffered by members of credit unions in liquidation, and (ii) throughout any taxation year in respect of which the expression is being applied, (A) it was a Canadian corporation, and (B) the cost amount to the corporation of its investment property was at least 50% of the cost amount to it of all its property (other than a debt obligation of, or a share of the capital stock of, a Restrictions Credit Unions, Savings and Credit Unions and Deposit Insurance Corporations member institution issued by the member institution at a time when it was in financial difficulty, or investment property means (i) of or guaranteed by the Government of Canada, (ii) of the government of a province or an agent thereof, (iv) of a corporation, commission or association not less than 90% of the shares or capital of which is owned by Her Majesty in right of a province or by a Canadian municipality, or of a subsidiary wholly-owned corporation that is subsidiary to such a corporation, commission or association, or (v) of an educational institution or a hospital if repayment of the principal amount thereof and payment of the interest thereon is to be made, or is guaranteed, assured or otherwise specifically provided for or secured by the government of a province, (b) any deposits, deposit certificates or guaranteed investment certificates with (ii) a corporation licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada the business of offering to the public its services as trustee, or (iii) a credit union or central that is a member of the Canadian Payments Association or a credit union that is a shareholder or member of a central that is a member of the Canadian Payments Association, (c) any money of the corporation, and Credit Unions, Savings and Credit Unions and Deposit Insurance Corporations particular corporation where the subsidiary is deemed by subsection 137.1(5.1) to be a deposit insurance corporation; (bien de placement) member institution, in relation to a particular deposit insurance corporation, means (a) a corporation whose liabilities in respect of deposits are insured by, or (b) a credit union that is qualified for assistance from (5.1) For the purposes of this section, other than subsection 137.1(2), paragraph 137.1(3)(d), subparagraph 137.1(3)(e)(i), subsection 137.1(9) and paragraph 11(a), a subsidiary wholly-owned corporation of a particular corporation described in the definition of deposit insurance corporation in subsection 137.1(5) shall be deemed to be a deposit insurance corporation and shall be deemed to be a member institution of the subsidiary, where all or substantially all of the property of the subsidiary has at all times since the subsidiary was incorporated consisted of (b) shares of the capital stock of a member institution of the particular corporation obtained by the subsidiary at a time when the member institution was in financial difficulty; (c) debt obligations issued by a member institution of the particular corporation at a time when the member institution was in financial difficulty; (d) property acquired from a member institution of the particular corporation at a time when the member institution was in financial difficulty; or Deemed not to be a private corporation
R. (1985), ch. 1 (5e suppl.), art. 67.3; 1994, ch. 7, ann. II, art. 45. Propriété conjointe ou location conjointe
Notwithstanding any other provision of this Act, a deposit insurance corporation that would, but for this subsection, be a private corporation shall be deemed not to be a private corporation. Deposit insurance corporation deemed not a credit union
[NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1988, ch. 55, art. 46. Propriété conjointe
Notwithstanding any other provision of this Act, a deposit insurance corporation that would, but for this subsection, be a credit union shall be deemed not to be a credit union.
[NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2019, ch. 29, art. 8. Non-déductibilité des paiements illégaux
For the purposes of subsection 137.1(5), a corporation shall be deemed to have complied with clause (a)(ii)(B) of the definition deposit insurance corporation in subsection 137.1(5) throughout the 1975 taxation year if it complied with that clause on the last day of that taxation year. Special tax rate
Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION Rules Relating to Computation of Income
The tax payable under this Part by a corporation for a taxation year throughout which it was a deposit insurance corporation (other than a corporation incorporated under the Canada Deposit Insurance Corporation Act) is the amount determined by the formula: A is the rate that would, if subsection 125.1(1) applied to the corporation for the taxation year, be the corporation’s small business deduction rate for the taxation year within the meaning assigned by that subsection; and B is the corporation’s taxable income for the taxation year. Amounts paid by a deposit insurance corporation
Definitions A × B ÷ C where Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
Where in a taxation year a taxpayer is a member institution, there shall be included in computing its income for the year the total of all amounts each of which is (a) an amount received by the taxpayer in the year from a deposit insurance corporation that is an amount described in any of paragraphs 137.1(4)(a) to 137.1(4)(c), to the extent that the taxpayer has not repaid the amount to the deposit insurance corporation in the year, (b) an amount received from a deposit insurance corporation in the year by a depositor or member of the taxpayer as, on account of, in lieu of payment of, or in satisfaction of, deposits with, or share capital of, the taxpayer, to the extent that the taxpayer has not repaid the amount to the deposit insurance corporation in the year, or (c) the amount by which Credit Unions, Savings and Credit Unions and Deposit Insurance Corporations (i) the principal amount of any obligation of the taxpayer to pay an amount to a deposit insurance corporation that is settled or extinguished in the year without any payment by the taxpayer or by the payment by the taxpayer of an amount less than the principal amount (ii) the amount, if any, paid by the taxpayer on the settlement or extinguishment of the obligation to the extent that the excess is not otherwise required to be included in computing the taxpayer’s income for the year or a preceding taxation year. Principal amount of an obligation to pay interest (10.1) For the purposes of paragraph 137.1(10)(c), an amount of interest payable by a member institution to a deposit insurance corporation on an obligation shall be deemed to have a principal amount equal to that amount. Deduction by member institutions
Deemed compliance Impôt sur le revenu
There may be deducted in computing the income for a taxation year of a taxpayer that is a member institution an amount of the following amounts as are applicable: (a) any amount paid or payable by the taxpayer in the year that is described in subsection 137.1(2) to the extent that it was not deducted in computing the taxpayer’s income for a preceding taxation year; and (b) any amount repaid by the taxpayer in the year to a deposit insurance corporation on account of an amount described in paragraph 137.1(10)(a) or 137.1(10)(b) that was received in a preceding taxation year to the extent that it was not, by reason of subsection 137.1(12), excluded from the taxpayer’s income for the preceding year. (a) a member institution has in a taxation year repaid an amount to a deposit insurance corporation on account of an amount that was included by virtue of paragraph 137.1(10)(a) or 137.1(10)(b) in computing its income for a preceding taxation year, (b) the member institution has filed its return of income required by section 150 for the preceding year, and (c) on or before the day on or before which the member institution is required by section 150 to file a return of income for the taxation year, it has filed an amended return for the preceding year excluding from its income for that year the amount repaid, the amount repaid shall be excluded from the amount otherwise included by virtue of paragraph 137.1(10)(a) or 137.1(10)(b) in computing the member institution’s income for the preceding year and the Minister shall make such reassessment of the tax, interest and penalties payable by the member institution for preceding taxation years as is necessary to give effect to the exclusion. Computation of income for 1975 and subsequent years
(a) property of the corporation that is a bond, debenture, mortgage, hypothecary claim, note or other similar obligation owned by it at the commencement of the corporation’s 1975 taxation year shall be valued at its cost to the corporation less the total of all amounts that, before that time, the corporation received as or in satisfaction of, the principal amount of the bond, debenture, mortgage, hypothecary claim, note or other similar obligation, (i) plus a reasonable amount in respect of the amortization of the amount by which the principal amount of the property at the time it was acquired by the corporation exceeded its actual cost to the corporation, or (ii) minus a reasonable amount in respect of the amortization of the amount by which its actual cost to the corporation exceeded the principal amount of the property at the time it was acquired by the corporation; (b) property of the corporation that is a debt owing to the corporation (other than property described in paragraph 137.2(a) or a debt that became a bad debt before its 1975 taxation year) acquired by it before the commencement of its 1975 taxation year shall be valued at any time at the amount thereof outstanding at that time; (c) property of the corporation (other than property in respect of which any amount for the year has been included under paragraph (a)) that was acquired, by foreclosure or otherwise, after default made under a mortgage or hypothec shall be valued at its cost amount to the corporation; and Credit Unions, Savings and Credit Unions and Deposit Insurance Corporations Insurance Corporations Insurance corporations
(a) to insure other persons against loss, damage or expense of any kind, or (b) to pay insurance moneys to other persons (i) on the death of any person, (ii) on the happening of an event or contingency dependent on human life, (iii) for a term dependent on human life, or whether or not such persons are members or shareholders of the corporation, shall, regardless of the form or legal effect of those contracts, arrangements or relationships, be deemed, for the purposes of this Act, to have been carrying on an insurance business of that class in the year for profit, and in any such case, for the purpose of computing the income of the corporation, the following rules apply: (c) every amount received by the corporation under, in consideration of, in respect of or on account of such a contract, arrangement or relationship shall be deemed to have been received by it in the course of that business, (d) the income shall, except as otherwise provided in this section, be computed in accordance with the rules applicable in computing income for the purposes of this Part, (e) all income from property vested in the corporation shall be deemed to be income of the corporation, and (f) all taxable capital gains and allowable capital losses from dispositions of property vested in the corporation shall be deemed to be taxable capital gains or allowable capital losses, as the case may be, of the corporation.
Notwithstanding any other provision of this Act, (a) if a life insurer resident in Canada carries on an insurance business in Canada and in a country other than Canada in a taxation year, its income or loss for the year from carrying on an insurance business is the amount of its income or loss for the taxation year from carrying on the insurance business in Canada; (b) if a life insurer resident in Canada carries on an insurance business in Canada and in a country other than Canada in a taxation year, for greater certainty, (i) in computing the insurer’s income or loss for the taxation year from the insurance business carried on by it in Canada, no amount is to be included in respect of the insurer’s gross investment revenue for the taxation year derived from property used or held by it in the course of carrying on an insurance business that is not designated insurance property for the taxation year of the insurer, and (ii) in computing the insurer’s taxable capital gains or allowable capital losses for the taxation year from dispositions of property (referred to in this subparagraph as “insurance business property”) that, at the time of the disposition, was used or held by the insurer in the course of carrying on an insurance business, (A) there is to be included each taxable capital gain or allowable capital loss of the insurer for the taxation year from a disposition in the taxation year of an insurance business property that was a designated insurance property for the taxation year of the insurer, and (B) there is not to be included any taxable capital gain or allowable capital loss of the insurer for the taxation year from a disposition in the taxation year of an insurance business property that was not a designated insurance property for the taxation year of the insurer; (c) if a non-resident insurer carries on an insurance business in Canada in a taxation year, its income or loss for the taxation year from carrying on an insurance business is the amount of its income or loss for the taxation year from carrying on the insurance business in Canada; and (i) in computing the non-resident insurer’s income or loss for the taxation year from the insurance business carried on by it in Canada, no amount is to be included in respect of the non-resident insurer’s gross investment revenue for the taxation year derived from property used or held by it in the course of carrying on an insurance business that is not designated insurance property for the taxation year of the non-resident insurer, and (ii) in computing the non-resident insurer’s taxable capital gains or allowable capital losses for the taxation year from dispositions of capital property (referred to in this subparagraph as “insurance business property”) that, at the time of the disposition, was used or held by the non-resident insurer in the course of carrying on an insurance business, (A) there is to be included each taxable capital gain or allowable capital loss of the non-resident insurer for the taxation year from a disposition in the taxation year of an insurance business property that was a designated insurance property for the taxation year of the non-resident insurer, and (B) there is not to be included any taxable capital gain or allowable capital loss of the non-resident insurer for the taxation year from a disposition in the taxation year of an insurance business property that was not a designated insurance property for the taxation year of the non-resident insurer. Income — designated foreign insurance business (2.1) If a life insurer resident in Canada has a designated foreign insurance business in a taxation year, (a) for the purposes of computing the life insurer’s income or loss from carrying on an insurance business in Canada for that taxation year, the life insurer’s insurance business carried on in Canada is deemed to include the insurance of the specified Canadian risks that are insured as part of the designated foreign insurance business; (b) if, in the immediately preceding taxation year, the designated foreign insurance business was not a designated foreign insurance business, for the purposes of paragraph (4)(a), subsection (9), the definition designated insurance property in subsection (12) and paragraphs 12(1)(d) to (e), the life insurer is deemed to have carried on the business in Canada in that immediately preceding year and to have claimed the maximum amounts to which it would have been entitled under subparagraph (3)(a)(ii) and paragraphs 20(1)(l) and (l.1) and 20(7)(c) in respect of those specified Canadian risks if that designated foreign insurance business had been a designated foreign insurance business in that immediately preceding year; and (i) the life insurer is deemed to have carried on the business in Canada in that immediately preceding year, and (ii) the amounts, if any, that would have been prescribed in respect of the insurer for the purposes of paragraphs (4)(b) and 12(1)(e.1) for that immediately preceding year in respect of the insurance policies in respect of those specified Canadian risks are deemed to have been included in computing its income for that year. (2.2) For the purposes of this section, one or more risks insured by a life insurer resident in Canada, as part of an insurance business carried on in a country other than Canada, that would not be specified Canadian risks if this Act were read without reference to this subsection, are deemed to be specified Canadian risks if those risks would be deemed to be specified Canadian risks because of paragraph 95(2)(a.21) if the life insurer were a foreign affiliate of a taxpayer. (2.3) Subsection (2.4) applies in respect of one or more agreements or arrangements if (b) those agreements or arrangements are in respect of risks described in paragraph (a) and have been entered into by any of the following (in subsection (2.4), referred to as an “agreeing party”): (ii) another life insurer resident in Canada that does not deal at arm’s length with the particular life insurer, (iii) a partnership of which a life insurer described in subparagraph (i) or (ii) is a member, (iv) a foreign affiliate of either the particular life insurer or a person that does not deal at arm’s length with the particular life insurer, and (v) a partnership of which a foreign affiliate described in subparagraph (iv) is a member. (2.4) If this subsection applies in respect of one or more agreements or arrangements, (a) to the extent that activities performed in connection with those agreements or arrangements can reasonably be considered to be performed for the purpose of obtaining the result described in subparagraph 95(2)(a.21)(ii) (with any modifications that the circumstances require), those activities are deemed to be, (i) if the agreeing party is a life insurer resident in Canada, or a partnership of which such a life insurer is a member, part of the life insurer’s insurance business carried on in Canada, and (ii) if the agreeing party is a foreign affiliate of a taxpayer, or a partnership of which such an affiliate is a member, a separate business, other than an active business, carried on by the affiliate; and (b) any income from those activities (including income that pertains to or is incident to those activities) is deemed to be, (i) if the agreeing party is a life insurer resident in Canada, income from the life insurer’s insurance business carried on in Canada, and (ii) if the agreeing party is a foreign affiliate of a taxpayer, income from the business, other than an active business. Ceding of Canadian risks (2.5) Any income of a life insurer resident in Canada for a taxation year, from its insurance business carried on in a country other than Canada, in respect of the ceding of specified Canadian risks that would, if the life insurer Insurance Corporations were a foreign affiliate of a taxpayer, be included in computing the life insurer’s income from a business, other than an active business, for the taxation year because of subparagraph 95(2)(a)(iii), is to be included in computing the life insurer’s income or loss for that taxation year from its insurance business carried on in Canada, except to the extent it is already included because of subsection (2.1), (2.2) or (2.4). Anti-avoidance (2.6) For the purposes of this section, (a) a risk is deemed to be a specified Canadian risk that is insured as part of an insurance business carried on in Canada by a particular life insurer resident in Canada if (i) the particular life insurer insured the risk as part of a transaction or series of transactions, (ii) the risk would not be a specified Canadian risk if this Act were read without reference to this subsection, and (iii) it can reasonably be concluded that one of the purposes of the transaction or series of transactions was to avoid (A) having a designated foreign insurance business, or (b) if one or more agreements or arrangements in respect of the risk have been entered into by any of the persons or partnerships described in subparagraphs (2.3)(b)(i) to (v) (in this paragraph, referred to as an “agreeing party”), (i) any activities performed in connection with those agreements or arrangements are deemed to be (A) if the agreeing party is a life insurer resident in Canada, or a partnership of which such a life insurer is a member, part of the life insurer’s insurance business carried on in Canada, and (B) if the agreeing party is a foreign affiliate of a taxpayer, or a partnership of which such an affiliate is a member, a separate business, other than an active business, carried on by the affiliate, and (ii) any income from those activities (including income that pertains to or is incident to those activities) is deemed to be, (A) if the agreeing party is a life insurer resident in Canada, income from the life insurer’s insurance business carried on in Canada, and (B) if the agreeing party is a foreign affiliate of a taxpayer, income from the business, other than an active business. Deductions allowed in computing income
bien résidentiel S’entend de tout ou partie d’une maison, d’un appartement, d’une unité de condominium, d’un chalet, d’une maison mobile, d’une roulotte, d’un bateau-maison ou d’un autre bien, situé au Canada, dont l’utilisation est permise à des fins résidentielles en vertu des lois applicables. (residential property) location à court terme S’entend d’un bien résidentiel qui est loué ou offert en location pour une période de moins de 90 jours consécutifs. (short-term rental) Non-déductibilité des dépenses — location à court terme
In computing a life insurer’s income for a taxation year from carrying on its life insurance business in Canada, there may be deducted (a) such of the following amounts as are applicable: (i) any amount that the insurer claims as a policy reserve for the year in respect of its groups of life insurance contracts in Canada at the end of the year, not exceeding the total of amounts that the insurer is allowed by regulation to deduct in respect of those groups, (ii.1) the amount included under paragraph 138(4)(b) in computing the insurer’s income for the taxation year preceding the year, (iii) the amount determined by the following formula: A is the total of policy dividends (except the portion paid out of segregated funds) that became payable by the insurer after its 1968 taxation year and before the end of the year under its participating life insurance policies, and B is the total of amounts deductible under this subparagraph (including as determined under subsection (3.1) as it read in its application to the insurer’s last taxation year that began before November 2011) in computing its incomes for taxation years before the year, and Insurance Corporations (v) each amount (other than an amount credited under a participating life insurance policy) that would be deductible under section 140 in computing the insurer’s income for the year if the reference in that section to “an insurance business other than a life insurance business” were read as a reference to “a life insurance business in Canada”; (b) the total of amounts each of which is a policy loan made by the insurer in the year and after 1977; and (c) the amount of tax under Part XII.3 payable by the insurer in respect of its taxable Canadian life investment income for the year. Amounts included in computing income
Malgré les autres dispositions de la présente loi, une somme n’est déductible dans le calcul du revenu relativement à une location à court terme pour une année d’imposition, dans la mesure où la somme est un montant non conforme pour l’année d’imposition. Présomption de conformité
In computing a life insurer’s income for a taxation year from carrying on its life insurance business in Canada, there shall be included (a) each amount deducted under subparagraph (3)(a)(i) in computing the insurer’s income for the preceding taxation year; (b) the amount prescribed in respect of the insurer for the year in respect of its groups of life insurance contracts in Canada at the end of the year; and (c) the total of all amounts received by the insurer in the year in respect of the repayment of policy loans or in respect of interest on policy loans. Life insurance policy (4.01) For the purposes of subsections 138(3) and 138(4), a life insurance policy includes a benefit under a group life insurance policy or a group annuity contract. (4.4) If, for a period of time in a taxation year, a life insurer (a) owned land (other than land referred to in paragraph (c) or (d)) or an interest, or for civil law a right, therein that was not held primarily for the purpose of gaining or producing income from the land for the period, (b) had an interest, or for civil law a right, in a building that was being constructed, renovated or altered, (c) owned land subjacent to the building referred to in paragraph (b) or an interest, or for civil law a right, therein, or (d) owned land immediately contiguous to the land referred to in paragraph (c) or an interest, or for civil law a right, therein that was used or was intended to be used for a parking area, driveway, yard, garden or other use necessary for the use or intended use of the building referred to in paragraph (b), there shall be included in computing the insurer’s income for the year, where the land, building, or interest or right, was designated insurer property or held by it in the year in the course of carrying on an insurance business in Canada, the total of all amounts each of which is the amount prescribed in respect of the insurer’s cost or capital cost, as the case may be, of the land, building, or interest or right, for the period, and the amount prescribed shall, at the end of the period, be included in computing (e) where the land, or interest or right therein, is property described in paragraph (a), the cost to the insurer of the land, or of the interest or right therein, and (f) where the land, building, or interest or right therein, is property described in paragraphs (b) to (d), the capital cost to the insurer of the interest or right in the building described in paragraph (b). (4.5) Where a life insurer transfers or lends property, directly or indirectly in any manner whatever, to a person or partnership (in this subsection referred to as the “transferee”) that is affiliated with the insurer or a person or partnership that does not deal at arm’s length with the insurer and (a) that property, (b) property substituted for that property, or (c) property the acquisition of which was assisted by the transfer or loan of that property was property described in paragraph (4.4)(a), (b), (c) or (d) of the transferee for a period of time in a taxation year of the insurer, the following rules apply: (d) subsection 138(4.4) shall apply to include an amount in the insurer’s income for the year on the assumption that the property was owned by the insurer for the period, was property described in paragraph (4.4)(a), (b), (c) or (d) of the insurer and was used or held by it in the year in the course of carrying on an insurance business in Canada, and (e) an amount included in the insurer’s income for the year under subsection 138(4.4) by reason of the application of this subsection shall (i) where subparagraph 138(4.5)(e)(ii) does not apply, be added by the insurer in computing the cost to it of shares of the capital stock of or an interest in the transferee at the end of the year, or (ii) where the insurer and the transferee have jointly elected in prescribed form on or before the day that is the earliest of the days on or before which any taxpayer making the election is required to file a return pursuant to section 150 for the taxation year that includes the period, be added in computing (A) where the property is land or an interest, or for civil law a right, therein of the transferee described in paragraph (4.4)(a), the cost to the transferee of the land, or of the interest or right therein, and (B) where the property is land or a building, or an interest therein or for civil law a right therein, described in paragraphs (4.4)(b) to (d), the capital cost to the transferee of the interest or of the right in the building described in paragraph (4.4)(b). Completion (4.6) For the purposes of subsection 138(4.4), the construction, renovation or alteration of a building is completed at the earlier of the day on which the construction, renovation or alteration is actually completed and the day on which all or substantially all of the building is used for the purpose for which it was constructed, renovated or altered.
Pour l’application du paragraphe (1), une location à court terme d’une personne ou d’une société de personnes est réputée ne pas être une location à court terme non conforme pour l’année d’imposition 2024 de la personne ou de la société de personnes si, à la fois : a) la location à court terme est située dans une province ou une municipalité qui exige un enregistrement, une licence ou un permis pour exploiter la location à court terme; b) la location à court terme est conforme à l’ensemble des exigences applicables en matière d’enregistrement, de licence et de permis d’ici le 31 décembre 2024. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent codification; voir les lois et règlements modificatifs appropriés.] 2024, ch. 17, art. 16. Nouvelles cotisations
Notwithstanding any other provision of this Act, (a) in the case of an insurer, no deduction may be made under paragraph 20(1)(l) in computing its income for a taxation year from an insurance business in Canada in respect of a premium or other consideration for a life insurance policy in Canada or an interest therein; and (b) in the case of a non-resident insurer or a life insurer resident in Canada that carries on any of its insurance business in a country other than Canada, no deduction may be made under paragraph 20(1)(c) or 20(1)(l) in computing its income for a taxation year from carrying on an insurance business in Canada, except in respect of (i) interest on borrowed money used to acquire designated insurance property for the year, or to acquire property for which designated insurance property for the year was substituted property, held by the period in the year during which the designated insurance property was held by the insurer in respect of the business, (ii) interest on amounts payable for designated insurance property for the year in respect of the business, or (iii) interest on deposits received or other amounts held by the insurer that arose in connection with life insurance policies in Canada or with policies insuring Canadian risks. (5.1) No deduction shall be made under subsection 20(12) in computing the income of a life insurer resident in Canada in respect of foreign taxes attributable to its insurance business. Deduction for dividends from taxable corporations
Malgré les paragraphes 152(4) à (5), le ministre peut établir les cotisations, nouvelles cotisations et cotisations supplémentaires voulues concernant l’impôt, les intérêts et les pénalités et déterminer ou redéterminer tous les montants voulus pour rendre le paragraphe (2) applicable pour une année d’imposition. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 68; 2012, c. 34, s. 207.] Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
In computing the taxable income of a life insurer for a taxation year, no deduction from the income of the insurer for the year may be made under section 112 but, except as otherwise provided by that section, there may be deducted from that income the total of taxable dividends (other than dividends on term preferred shares that are acquired in the ordinary course of the business carried on by the life insurer) included in computing the insurer's income for the year and received by the insurer in the year from taxable Canadian corporations. No deduction for foreign tax
Idem, where s. 70(3) applies Idem Impôt sur le revenu
No deduction shall be made under section 126 from the tax payable under this Part for a taxation year by a life insurer resident in Canada in respect of such part of an income or profits tax as can reasonably be attributable to income from its insurance business.
Where in a taxation year an insurer (other than an insurer resident in Canada that does not carry on a life insurance business) carries on an insurance business in Canada and in a country other than Canada, there shall be included in computing its income for the year from carrying on its insurance business in Canada the total of (a) its gross investment revenue for the year from its designated insurance property for the year, and (b) the amount prescribed in respect of the insurer for the year. Application of financial institution rules
Notwithstanding sections 142.3, 142.4, 142.5 and 142.51, where in a taxation year an insurer (other than an insurer resident in Canada that does not carry on a life insurance business) carries on an insurance business in Canada and in a country other than Canada, in computing its income for the year from carrying on an insurance business in Canada, (a) sections 142.3, 142.5 and 142.51 apply only in respect of property that is designated insurance property for the year in respect of the business; and (b) section 142.4 applies only in respect of the disposition of property that, for the taxation year in which the insurer disposed of it, was designated insurance property in respect of the business. (11.1) For the purpose of section 47, any property of a life insurance corporation that would, but for this subsection, be identical to any other property of the corporation is deemed not to be identical to the other property unless both properties are (a) designated insurance property of the insurer in respect of a life insurance business carried on in Canada; or (b) designated insurance property of the insurer in respect of an insurance business in Canada other than a life insurance business. (11.2) For the purposes of computing the amount of a capital gain from the disposition of any depreciable property acquired by a life insurer before 1969, the capital cost of the property to the insurer shall be its capital cost determined without reference to paragraph 32(1)(a) of An Act to amend the Income Tax Act, chapter 44 of the Statutes of Canada, 1968-69, as it read in its application to the 1971 taxation year. (11.3) Subject to subsection 138(11.31), where a property of a life insurer resident in Canada that carries on an insurance business in Canada and in a country other than Canada or of a non-resident insurer is (a) designated insurance property of the insurer for a taxation year, was owned by the insurer at the end of the preceding taxation year and was not designated insurance property of the insurer for that preceding year, or (b) not designated insurance property for a taxation year, was owned by the insurer at the end of the preceding taxation year and was designated insurance property of the insurer for that preceding year, the following rules apply: (c) the insurer is deemed to have disposed of the property at the beginning of the year for proceeds of disposition equal to its fair market value at that time and to have reacquired the property immediately after that time at a cost equal to that fair market value, (d) where paragraph (a) applies, any gain or loss arising from the disposition is deemed not to be a gain or loss from designated insurance property of the insurer in the year, and Insurance Corporations (e) where paragraph (b) applies, any gain or loss arising from the disposition is deemed to be a gain or loss from designated insurance property of the insurer in the year. (11.31) Subsection 138(11.3) does not apply (a) to deem a disposition in a taxation year of a property of an insurer where subsection 142.5(2) deemed the insurer to have disposed of the property in its preceding taxation year; nor (b) for the purposes of paragraph 20(1)(l), the description of A and paragraph (b) of the description of F in the definition undepreciated capital cost in subsection 13(21) and the definition designated insurance property in subsection 138(12). (11.4) Notwithstanding any other provision of this Act, where an insurer has a loss for a taxation year from the disposition, because of subsection 138(11.3), of a property other than a specified debt obligation (as defined in subsection 142.2(1)), and the loss would, but for this subsection, have been deductible in the year, the loss shall be deductible only in the taxation year in which the taxpayer disposes of the property otherwise than because of subsection 138(11.3). Transfer of insurance business by non-resident insurer (a) a non-resident insurer (in this subsection referred to as the “transferor”) has, at any time in a taxation year, ceased to carry on all or substantially all of an insurance business carried on by it in Canada in that year, (b) the transferor has, at that time or within 60 days after that time, transferred all or substantially all of the property (in this subsection referred to as the “transferred property”) that is owned by it at that time and that was designated insurance property in respect of the business for the taxation year that, because of paragraph (h), ended immediately before that time (i) to a corporation (in this subsection referred to as the “transferee”) that is a qualified related corporation (within the meaning assigned by subsection 219(8)) of the transferor that began immediately after that time to carry on that insurance business in Canada, and (ii) for consideration that includes shares of the capital stock of the transferee, (c) the transferee has, at that time or within 60 days thereafter, assumed or reinsured all or substantially all of the obligations of the transferor that arose in the course of carrying on that insurance business in Canada, and (d) the transferor and the transferee have jointly elected in prescribed form and in accordance with subsection 138(11.6), the following rules apply: (e) subject to paragraph 138(11.5)(k.1), where the fair market value, at that time, of the consideration (other than shares of the capital stock of the transferee or a right to receive any such shares) received or receivable by the transferor for the transferred property does not exceed the total of the cost amounts to the transferor, at that time, of the transferred property, the proceeds of disposition of the transferor and the cost to the transferee of the transferred property shall be deemed to be the cost amount, at that time, to the transferor of the transferred property, and in any other case, the provisions of subsection 85(1) shall be applied in respect of the transfer, (f) where the provisions of subsection 85(1) are not required to be applied in respect of the transfer, the cost to the transferor of any particular property (other than shares of the capital stock of the transferee or a right to receive any such shares) received or receivable by it as consideration for the transferred property shall be deemed to be the fair market value, at that time, of the particular property, (g) where the provisions of subsection 85(1) are not required to be applied in respect of the transfer, the cost to the transferor of any shares of the capital stock of the transferee received or receivable by the transferor as consideration for the transferred property shall be deemed to be (i) where the shares are preferred shares of any class of the capital stock of the transferee, the lesser of (A) the fair market value of those shares immediately after the transfer of the transferred property, and (B) the amount determined by the formula A is the amount, if any, by which the proceeds of disposition of the transferred property, determined under paragraph (e), exceed the fair market value, at that time, of the Insurance Corporations (B) the amount determined by the formula A is the amount, if any, by which the proceeds of disposition of the transferor of the transferred property determined under paragraph 138(11.5)(e) exceed the fair market value, at that time, of the consideration (other than shares of the capital stock of the transferee or a right to receive any such shares) received or receivable by the transferor for the transferred property, B is the fair market value, immediately after the transfer of the transferred property, of those preferred shares of that class, and C is the fair market value, immediately after the transfer of the transferred property, of all preferred shares of the capital stock of the transferee receivable by the transferor as consideration for the transferred property, and (ii) where the shares are common shares of any class of the capital stock of the transferee, the amount determined by the formula A is the amount, if any, by which the proceeds of disposition of the transferor of the transferred property determined under paragraph 138(11.5)(e) exceed the total of the fair market value, at that time, of the consideration (other than shares of the capital stock of the transferee or a right to receive any such shares) received or receivable by the transferor for the transferred property and the cost to the transferor of all preferred shares of the capital stock of the transferee receivable by the transferor as consideration for the transferred property, B is the fair market value, immediately after the transfer of the transferred property, of those shares of that class, and C is the fair market value, immediately after the transfer of the transferred property, of all common shares of the capital stock of the transferee receivable by the transferor as consideration for the transferred property, (h) for the purposes of this Act, the transferor and the transferee shall be deemed to have had taxation years ending immediately before that time and, for the purposes of determining the fiscal periods of the transferor and transferee after that time, they shall be deemed not to have established fiscal periods before that time, (i) for the purpose of determining the amount of gross investment revenue required by subsection 138(9) to be included in computing the transferor’s income for the particular taxation year referred to in paragraph 138(11.5)(h) and its gains and losses from its designated insurance property for its subsequent taxation years, the transferor is deemed to have transferred the business referred to in paragraph 138(11.5)(a), the property referred to in paragraph 138(11.5)(b) and the obligations referred to in paragraph 138(11.5)(c) to the transferee on the last day of the particular year, (j) for the purpose of determining the income of the transferor and the transferee for their taxation years following their taxation years referred to in paragraphs (h), amounts deducted by the transferor as reserves under subparagraph (3)(a)(i) and paragraphs 20(1)(l) and (l.1) and 207(7)(c) of this Act and section 33 and paragraph 138(3)(c) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, in its taxation year referred to in paragraph (h) in respect of the transferred property referred to in paragraph (b) or the obligations referred to in paragraph (c) are deemed to have been deducted by the transferee, and not the transferor, for its taxation year referred to in paragraph (h), (j.1) for the purpose of determining the income of the transferor and the transferee for their taxation years following their taxation years referred to in paragraph 138(11.5)(h), amounts included under paragraphs 138(4)(b) and 12(1)(e.1) in computing the transferor’s income for its taxation year referred to in paragraph 138(11.5)(h) in respect of the insurance policies of the business referred to in paragraph 138(11.5)(a) are deemed to have been included in computing the income of the transferee, and not of the transferor, for their taxation years referred to in paragraph 138(11.5)(h), (k) for the purposes of this section, sections 12, 12.4, 20, 138.1, 140 and 142, paragraphs 142.4(4)(c) and (d), section 148 and Part XII.3, the transferee is, in its taxation years following its taxation year referred to in paragraph (h), deemed to be the same person as, and a continuation of, the transferor in respect of the business referred to in paragraph (a), the transferred property referred to in paragraph (b) and the obligations referred to in paragraph (c), (k.1) except for the purpose of this subsection, where the provisions of subsection 85(1) are not required to be applied in respect of the transfer, (i) the transferor shall be deemed not to have disposed of a transferred property that is a specified debt obligation (other than a mark-to-market property), and (ii) the transferee shall be deemed, in respect of a transferred property that is a specified debt obligation (other than a mark-to-market property), to be the same person as, and a continuation of, the transferor, and for the purpose of this paragraph, mark-to-market property and specified debt obligation have the meanings assigned by subsection 142.2(1), (l) for the purposes of this subsection and subsections (11.7) and (11.9), the fair market value of consideration received by the transferor from the transferee in respect of the assumption or reinsurance of a particular obligation referred to in paragraph (c) is deemed to be the total of the amounts deducted by the transferor as a reserve under subparagraph (3)(a)(i) and paragraph 20(7)(c) in its taxation year referred to in paragraph (h) in respect of the particular obligation, and (m) for the purpose of computing the income of the transferor or the transferee for their taxation years following their taxation years referred to in paragraph 138(11.5)(h), (i) an amount in respect of a reinsurance premium paid or payable by the transferor to the transferee in respect of the obligations referred to in paragraph 138(11.5)(c), or (ii) an amount in respect of a reinsurance commission paid or payable by the transferee to the transferor in respect of the amount referred to in subparagraph 138(11.5)(m)(i) under a reinsurance arrangement undertaken to effect the transfer of the insurance business to which this subsection applied shall be included or deducted, as Insurance Corporations the case may be, only to the extent that may be reasonably regarded as necessary to determine the appropriate amount of income of both the transferor and the transferee. Time of election (11.6) Any election under subsection 138(11.5) shall be made on or before the day that is the earliest of the days on or before which any taxpayer making the election is required to file a return of income pursuant to section 150 for the taxation year in which the transactions to which the election relates occurred. (11.7) Where, after December 15, 1987, subsection 138(11.5) is applicable in respect of a transfer of property by a non-resident insurer to a qualified related corporation of the insurer and the provisions of subsection 85(1) were not required to be applied in respect of the transfer, the following rules apply: (a) in computing the paid-up capital, at any time after the transfer, in respect of any particular class of shares of the capital stock of the qualified related corporation, there shall be deducted an amount determined by the formula A is the increase, if any, determined without reference to this subsection as it applies to the transfer, in the paid-up capital in respect of all the shares of the capital stock of the corporation as a result of the transfer, B is the amount, if any, by which the cost of the transferred property to the corporation, immediately after the transfer, exceeds the fair market value, immediately after the transfer, of any consideration (other than shares of the capital stock of the corporation) received or receivable by the insurer from the corporation for the property, and C is the increase, if any, determined without reference to this subsection as it applies to the transfer, in the paid-up capital in respect of the particular class of shares as a result of the acquisition by the corporation of the transferred property; and (b) in computing the paid-up capital, at any time after December 15, 1987, in respect of any particular class of shares of the capital stock of the qualified related corporation, there shall be added an amount equal to the lesser of (i) the amount, if any, by which (A) the total of all amounts each of which is an amount deemed by subsection 84(3), 84(4) or 84(4.1) to be a dividend on shares of that class paid after December 15, 1987 and before that time by the corporation (B) the total of such dividends that would have been determined under clause 138(11.7)(b)(ii)(A) if this Act were read without reference to paragraph 138(11.7)(a), and (ii) the total of all amounts each of which is an amount required by paragraph 138(11.7)(a) to be deducted in computing the paid-up capital in respect of that class of shares after December 15, 1987 and before that time. (a) subsection 138(11.5) is applicable in respect of a transfer of depreciable property by a non-resident insurer to a qualified related corporation, (b) the provisions of subsection 85(1) were not required to be applied in respect of the transfer, and (c) the capital cost to the insurer of the depreciable property exceeds its proceeds of disposition therefor, for the purposes of sections 13 and 20 and any regulations made under paragraph 20(1)(a), the following rules apply: (d) the capital cost of the depreciable property to the corporation shall be deemed to be the amount that was the capital cost thereof to the insurer, and (e) the excess shall be deemed to have been allowed to the corporation in respect of the property under regulations made under paragraph 20(1)(a) in computing its income for taxation years ending before the transfer. (11.9) Where, after December 15, 1987, subsection 138(11.5) or 85(1) is applicable in respect of a transfer of property by a person or partnership to an insurance corporation resident in Canada and (i) the fair market value, immediately after the transfer, of any consideration (other than shares of the capital stock of the corporation) received or receivable by the person or partnership from the corporation for the transferred property, (ii) the increase, if any, in the paid-up capital of all the shares of the capital stock of the corporation (determined without reference to subsection 138(11.7) or 85(2.1) as it applies in respect of the transfer) arising on the transfer, and (iii) the increase, if any, in the contributed surplus of the corporation (determined without reference to this subsection as it applies in respect of the transfer) arising on the transfer (i) the total of all amounts each of which is an amount required to be deducted in computing the paid-up capital of a class of shares of the capital stock of the corporation under subsection 138(11.7) or 85(2.1), as the case may be, as it applies in respect of the transfer, and (ii) the cost to the corporation of the transferred property, for the purposes of paragraph 84(1)(c.1) and subsections 219(5.2) and 219(5.3), the contributed surplus of the corporation arising on the transfer shall be deemed to be the amount, if any, by which the amount of the contributed surplus otherwise determined exceeds the amount, if any, by which the total determined under paragraph 138(11.9)(a) exceeds the total determined under paragraph 138(11.9)(b). (11.91) Where, at any time in a particular taxation year, (a) a non-resident insurer carries on an insurance business in Canada, and (b) immediately before that time, the insurer was not carrying on an insurance business in Canada or ceased to be exempt from tax under this Part on any income from such business by reason of any Act of Parliament or anything approved, made or declared to have the force of law thereunder, for the purpose of computing the income of the insurer for the particular taxation year, (c) the insurer shall be deemed to have had a taxation year ending immediately before the commencement of the particular taxation year, (d) for the purposes of paragraph (4)(a), subsection (9), the definition designated insurance property in subsection (12) and paragraphs 12(1)(d), (d.1) and (e), the insurer is deemed to have carried on the business in Canada in that preceding year and to have claimed the maximum amounts to which it would have been entitled under subparagraph (3)(a)(i) and paragraphs 20(1)(l) and (l.1) and 20(7)(c) for that year, (d.1) for the purposes of subsection 20(22) and subparagraph 138(3)(a)(ii.1), (i) the insurer is deemed to have carried on the business referred to in paragraph 138(11.91)(a) in Canada in the preceding taxation year referred to in paragraph 138(11.91)(c), and (ii) the amounts, if any, that would have been prescribed in respect of the insurer for the purposes of paragraphs 138(4)(b) and 12(1)(e.1) for that preceding year in respect of the insurance policies of that business are deemed to have been included in computing its income for that year, and (e) the insurer is deemed to have disposed, immediately before the beginning of the particular taxation year, of each property owned by it at that time that is designated insurance property in respect of the business referred to in paragraph (a) for the particular taxation year, for proceeds of disposition equal to the fair market value at that time and to have reacquired, at the beginning of the particular taxation year, the property at a cost equal to that fair market value. Computation of income where insurance business is transferred (11.92) Where, at any time in a taxation year, an insurer (in this subsection referred to as the “vendor”) has disposed of (a) all or substantially all of an insurance business carried on by it in Canada, or (b) all or substantially all of a line of business of an insurance business carried on by it in Canada to a person (in this subsection referred to as the “purchaser”) and obligations in respect of the business or line of business, as the case may be, in respect of which a reserve may be claimed under subparagraph (3)(a)(i) or paragraph 20(7)(c) (in this subsection referred to as the “obligations”) were assumed by the purchaser, the following rules apply: (c) for the purpose of determining the amount of the gross investment revenue required to be included in computing the income of the vendor and the purchaser under subsection 138(9) and the amount of the gains and losses of the vendor and the purchaser from designated insurance property for the year (i) the vendor and the purchaser shall, in addition to their normal taxation years, be deemed to have had a taxation year ending immediately before that time, and (ii) for the taxation years of the vendor and the purchaser following that time, the business or line of business, as the case may be, disposed of to, and the obligations assumed by, the purchaser shall be deemed to have been disposed of or assumed, as the case may be, on the last day of the taxation year referred to in subparagraph 138(11.92(c)(i), (i) an amount paid or payable by the vendor to the purchaser in respect of the obligations, or (ii) an amount in respect of a commission paid or payable by the purchaser to the vendor in respect of the amount referred to in subparagraph 138(11.92(d)(i) shall be deemed to have been paid or payable or received or receivable, as the case may be, by the vendor or the purchaser, as the case may be, in the course of carrying on the business or line of business, as the case may be, and (e) where the vendor has disposed of all or substantially all of an insurance business referred to in paragraph 138(11.92)(a), the vendor shall, for the purposes of section 219, be deemed to have ceased to carry on that business at that time. Property acquired on default in payment (11.93) Where, at any time in a taxation year of an insurer, the beneficial ownership of property is acquired or reacquired by the insurer in consequence of the failure to pay all or any part of an amount (in this subsection referred to as the “insurer’s claim”) owing to the insurer at that time in respect of a bond, debenture, mortgage, hypothecary claim, agreement of sale or any other form of indebtedness owed by the insurer, the following rules apply to the insurer: (a) section 79.1 does not apply in respect of the acquisition or reacquisition; (b) the insurer shall be deemed to have acquired or reacquired, as the case may be, the property at an amount equal to the fair market value of the property, immediately before that time; (c) the insurer shall be deemed to have disposed at that time of the portion of the indebtedness represented by the insurer’s claim for proceeds of disposition equal to that fair market value and, immediately after that time, to have reacquired that portion of the indebtedness at a cost of nil; (d) the acquisition or reacquisition shall be deemed to have no effect on the form of the indebtedness; and (e) in computing the insurer’s income for the year or a subsequent taxation year, no amount is deductible under paragraph 20(1)(l) in respect of the insurer’s claim. Transfer of insurance business by resident insurer (a) an insurer resident in Canada (in this subsection referred to as the “transferor”) has, at any time in a taxation year, ceased to carry on all or substantially all of an insurance business carried on by it in Canada in that year, (b) the transferor has, at that time or within 60 days after that time, (i) in the case of a transferor that is a life insurer and that carries on an insurance business in Canada and in a country other than Canada in the year, transferred all or substantially all of the property (in subsection (11.5) referred to as the “transferred property”) that is owned by it at that time and that was designated insurance property in respect of the business for the taxation year that, because of paragraph (11.5)(h), ended immediately before that time or, (ii) in any other case, transferred all or substantially all of the property owned by it at that time and used by it in the year, or held by it in the year in the course of, carrying on that insurance business in Canada in that year (in subsection (11.5) referred to as the “transferred property”) to a corporation resident in Canada (in this subsection referred to as the “transferee”) that is a qualified related corporation (within the meaning assigned by Insurance Corporations subsection 219(8)) of the transferor that, immediately after that time, began to carry on that insurance business in Canada for consideration that includes shares of the capital stock of the transferee, (c) the transferee has, at that time or within 60 days thereafter, assumed or reinsured all or substantially all of the obligations of the transferor that arose in the course of carrying on that insurance business in Canada, and (d) the transferor and the transferee have jointly elected in prescribed form and in accordance with subsection 138(11.6),
In this section, amount payable, in respect of a policy loan at a particular time, means the amount of the policy loan and the interest thereon that is outstanding at that time; (montant payable) base year of an insurer means the insurer’s taxation year that immediately precedes its transition year; (année de base) contractual service margin for a group of insurance contracts of an insurer, or a group of reinsurance contracts held by the insurer, at the end of a taxation year, means the greater of the positive or negative amount of the contractual service margin for the group (a) that would be reported as at the end of the taxation year if the amount were determined without reference to amounts described in subparagraphs (a)(i) to (iii) of the definition liability for remaining coverage in this subsection, and (b) that would be determined at the end of the taxation year in respect of the group in accordance with International Financial Reporting Standards using reasonable assumptions in the circumstances if the amount were determined without reference to amounts described in subparagraphs (a)(i) to (iii) of the definition liability for remaining coverage in this subsection; (marge sur services contractuels) designated foreign insurance business, of a life insurer resident in Canada in a taxation year, means an insurance business that is carried on by the life insurer in a country other than Canada in the year unless more than 90% of the gross premium revenue from the business for the year from the insurance of risks (net of reinsurance ceded) is in respect of the insurance of risks (other than specified Canadian risks) of persons with whom the life insurer deals at arm’s length; (entreprise d’assurance étrangère désignée) designated insurance property for a taxation year of an insurer (other than an insurer resident in Canada that at no time in the year carried on a life insurance business that, at any time in the year, carried on an insurance business in Canada in a country other than Canada, means property determined in accordance with prescribed rules except that, in its application to any taxation year, designated insurance property for the 1998 or a preceding taxation year means property that was, under this subsection as it read in its application to taxation years that ended in 1996, property used by it in the year in, or held by it in the year in the course of, carrying on an insurance business in Canada; (bien d’assurance désigné) excluded policy in respect of an insurer’s base year means an insurance policy of the insurer that would be a deposit accounting insurance policy for the insurer’s base year if International Financial Reporting Standards applied for that base year; (police exclue) gross investment revenue of an insurer for a taxation year means the amount determined by the formula A is the total of the following amounts included in its gross revenue for the year: (b) amounts received or receivable as, on account of, in lieu of or in satisfaction of, interest, rentals or royalties, other than amounts in respect of debt obligations to which subsection 142.3(1) applies for the year, B is its income for the year from each trust of which it is a beneficiary, is its income for the year from each partnership of which it is a member, is the total of all amounts required by subsection 16(1) to be included in computing its income for the year, is the total of (a) all amounts required by paragraph 142.3(1)(a) to be included in computing its income for the year, and (b) all amounts required by subsection 12(3) or 20(14) to be included in computing its income for the year except to the extent that those amounts are included in the computation of A, is the amount determined by the formula V is the total of all amounts included under paragraph 56(1)(d) in computing its income for the year, and W is the total of all amounts deducted under paragraph 60(a) in computing its income for the year; is the total of all amounts each of which is (a) an amount deemed by subparagraph 16(6)(a)(ii) to be paid by it in respect of the year as interest, or (b) an amount deductible under paragraph 142.3(1)(b) in computing its income for the year; group of insurance contracts of an insurer means a group of insurance contracts of the insurer, determined according to International Financial Reporting Standards, that is a group for the purposes of determining an amount of the insurer that is reported as at the end of the insurer’s taxation year and, for greater certainty, includes a group of insurance contracts that include reinsurance contracts under which the insurer has assumed reinsurance risk; (groupe de contrats d’assurance) group of life insurance contracts of an insurer means a group of life insurance contracts of the insurer, determined according to International Financial Reporting Standards, that is a group for the purposes of determining an amount of the insurer that is reported as at the end of the insurer’s taxation year and, for greater certainty, includes a group of life insurance contracts that include reinsurance contracts under which the insurer has assumed reinsurance risk; (groupe de contrats d’assurance-vie) (surplus funds derived from operations) (segregated fund) group of life insurance contracts in Canada of an insurer means a group of life insurance contracts of the insurer that includes only life insurance contracts issued or effected by the insurer on the life of a person resident in Canada at the time the contract was issued or effected; (groupe de contrats d’assurance-vie au Canada) group of reinsurance contracts held by an insurer means a group of reinsurance insurance contracts held by the insurer, determined according to International Financial Reporting Standards, that is a group for the purposes of determining an amount of the insurer that is reported as at the end of the insurer’s taxation year; (groupe de contrats de réassurance) insurance, of a risk, includes the reinsurance of the risk; (assurance) interest, in relation to a policy loan, means the amount in respect of the policy loan that is required to be paid under the terms and conditions of the policy in order to maintain the policyholder’s interest in the policy; (intérêt) liability for incurred claims, for a group of insurance contracts of an insurer at the end of a taxation year, means the lesser of the positive or negative amount of the liability for incurred claims for the group (a) that would be reported as at the end of the taxation year if the amount were determined without reference to amounts described in subparagraphs (a)(i) to (iii) of the definition liability for remaining coverage in this subsection, and (b) that would be determined at the end of the taxation year in accordance with International Financial Reporting Standards using reasonable assumptions in the circumstances if the amount were determined without reference to amounts described in subparagraphs (a)(i) to (iii) of the definition liability for remaining coverage in this subsection; (passif au titre des sinistres survenus) liability for remaining coverage, for a group of insurance contracts of an insurer at the end of a taxation year, means the lesser of the positive or negative amount of the liability for remaining coverage for the group (a) that would be reported as at the end of the taxation year if the amount were determined without reference to (i) projected (A) income and capital taxes (other than the tax payable under Part XII.3), (B) taxes on premiums that are not deductible under Part I, (C) amounts not deductible after the taxation year in computing income under Part I, and (ii) amounts payable that are deductible for the taxation year, or a previous taxation year, in computing income under Part I, and (iii) amounts receivable to the extent they have been included for the taxation year, or a previous taxation year, in computing income under Part I, (b) that would be determined at the end of the taxation year in accordance with International Financial Reporting Standards using reasonable assumptions in the circumstances if the amount were determined without reference to amounts described in subparagraphs (a)(i) to (iii); (passif au titre de la couverture restante) life insurance policy includes an annuity contract and a contract all or any part of the insurer’s reserves for which vary in amount depending on the fair market value of a specified group of assets; (police d’assurance-vie) life insurance policy in Canada means a life insurance policy issued or effected by an insurer on the life of a person resident in Canada at the time the policy was issued or effected; (police d’assurance-vie au Canada) Insurance Corporations participating life insurance policy means a life insurance policy under which policyholders are entitled to share (other than by way of an experience rating refund) in the profits of the insurer other than profits in respect of property in a segregated fund; (police d’assurance-vie avec participation) policyholders’ liabilities, of an insurer as at the end of a taxation year, means the amount reported as policyholders’ liabilities as at the end of the year; (obligation envers les titulaires de polices) policy loan means an amount advanced at a particular time by an insurer to a policyholder in accordance with the terms and conditions of a life insurance policy in Canada; (avance sur police) property used by it in the year in, or held by it in the year in the course of [Repealed, 1997, c. 25, s. 39(16)] reinsurance contract held amount, for a group of reinsurance contracts held by an insurer at the end of a taxation year, means the lesser of the positive or negative amount of the reinsurance contract held asset for the group (a) that would be reported as at the end of the taxation year if the amount were determined without reference to amounts described in subparagraphs (a)(i) to (iii) of the definition liability for remaining coverage in this subsection, and (b) that would be determined at the end of the taxation year in accordance with International Financial Reporting Standards using reasonable assumptions in the circumstances if the amount were determined without reference to amounts described in subparagraphs (a)(i) to (iii) of the definition liability for remaining coverage in this subsection; (montant au titre des contrats de réassurance détenus) relevant authority of an insurer means (a) the Superintendent of Financial Institutions, if the insurer is required by law to report to the Superintendent of Financial Institutions, and (b) in any other case, the Superintendent of Insurance or other similar officer or authority of the province under whose laws the insurer is incorporated; (autorité compétente) reserve transition amount of an insurer, in respect of an insurance business carried on by it in its transition year, means the positive or negative amount determined by the formula A is the maximum amount that the insurer would be permitted to claim under subparagraph (3)(a)(i) for its base year in respect of a policy reserve for its groups of insurance contracts in Canada at the end of the base year if (a) the International Financial Reporting Standards that applied to the insurer in valuing its assets and liabilities for its transition year had applied to it for its base year, and (b) sections 1404 and 1406 of the Income Tax Regulations were read in respect of the insurer’s base year as they read in respect of its transition year, B is the maximum amount that the insurer would be permitted to claim under paragraph 20(7)(c) for its base year in respect of a policy reserve for its groups of insurance contracts at the end of the base year if (a) the International Financial Reporting Standards that applied to the insurer in valuing its assets and liabilities for its transition year had applied to it for its base year, and (b) sections 1400 and 1402 of the Income Tax Regulations were read in respect of the insurer’s base year as they read in respect of its transition year, C is the maximum amount that the insurer is permitted to claim under subparagraphs (3)(a)(i) and (ii) (as they read in their application to taxation years that begin before 2023) as a policy reserve for its base year, D is the maximum amount that the insurer is permitted to claim under paragraph 20(7)(c) as a policy reserve for its base year, E is the amount that would be included under paragraph (4)(b) in computing the insurer’s income for its base year in respect of its groups of life insurance contracts in Canada at the end of the base year if (a) the International Financial Reporting Standards that applied to the insurer in valuing its assets and liabilities for its transition year had applied to it for its base year, and (b) sections 1404 and 1406 of the Income Tax Regulations were read in respect of the insurer’s base year as they read in respect of its transition year, F is the amount that would be included under paragraph 12(1)(e.1) in computing the insurer’s income for its base year if (a) the International Financial Reporting Standards that applied to the insurer in valuing its assets and liabilities for its transition year had applied to it for its base year, and (b) sections 1400 and 1402 of the Income Tax Regulations were read in respect of the insurer’s base year as they read in respect of its transition year, G is the amount included under paragraph (4)(b) (as it read in its application to taxation years that begin before 2023) in computing the insurer’s income for its base year in respect of its life insurance policies, and H is the amount included under paragraph 12(1)(e.1) in computing the insurer’s income for its base year; surplus funds derived from operations of an insurer as of the end of a particular taxation year means the amount determined by the formula A is the total of the insurer’s income for each taxation year in the period beginning with its 1969 taxation year and ending with the particular year from all insurance businesses carried on by it, B is the total of all amounts each of which is a portion of a non-capital loss that was deemed by subsection 111(7.1) as it read in its application to the 1976 taxation year to have been deducted in computing the insurer’s income for a taxation year that ended before 1978, C is the total of all profits or gains made by the insurer in the period in respect of non-segregated property of the insurer disposed of by it that was used by it, in or held by it in the course of, carrying on an insurance business in Canada, except to the extent that those profits or gains have been or are included in computing the insurer’s income or loss, if any, for any taxation year in the period from carrying on an insurance business, D is the total of its loss, if any, for each taxation year in the period from all insurance businesses carried on by it, E is the total of all losses sustained by the insurer in the period in respect of non-segregated property disposed of by it that was used by it in, or held by it in the course of, carrying on an insurance business in Canada, except to the extent that those losses have been or are included in computing the insurer’s income or loss, if any, for any taxation year in the period from carrying on an insurance business, F is the total of (a) all taxes payable under this Part by the insurer, and all income taxes payable by it under the laws of each province, for each taxation year in the period, except such portion thereof as would not have been payable by it if subsection 138(7) had not been enacted, and (b) all taxes payable under Parts I.3 and VI by the insurer for each taxation year in the period, and transition year of an insurer means the insurer’s first taxation year that begins after 2022. (année transitoire) Insurance Corporations Assets and liabilities (12.1) For greater certainty, in determining the amount of (a) the contractual service margin, liability for incurred claims and liability for remaining coverage for a group of insurance contracts of an insurer, the amount is (i) a positive amount if the amount is reported as a liability, and (ii) a negative amount if the amount is reported as an asset; and (b) the contractual service margin and reinsurance contract held amount for a group of reinsurance contracts held by an insurer, the amount is (i) a positive amount if the amount is reported as an asset, and (ii) a negative amount if the amount is reported as a liability. (12.2) Except as otherwise provided, references to International Financial Reporting Standards in this section refer to the International Financial Reporting Standards Insurance Corporations adopted by the Accounting Standards Board and effective for years that begin on or after January 1, 2023. Amount reported (12.3) A reference in subsections (12) and 138.1(1) of this Act and Parts XIV, XXIV and LXXXVI of the Income Tax Regulations to an amount that is reported, or that would be reported, of an insurer as at the end of a taxation year means (a) if the insurer is the Canada Mortgage and Housing Corporation or a foreign affiliate of a taxpayer resident in Canada, an amount that is reported, or that would be reported, in the insurer’s financial statements for the year if those statements were prepared in accordance with International Financial Reporting Standards; (b) if paragraph (a) does not apply and reporting by the insurer to the insurer’s relevant authority is required at the end of the year, an amount that is reported, or that would be reported, in the insurer’s non-consolidated balance sheet for the year accepted by the insurer’s relevant authority; (c) if paragraphs (a) and (b) do not apply and the insurer is, throughout the year, subject to the supervision of its relevant authority, an amount that is reported, or that would be reported, in a non-consolidated balance sheet for the year that is prepared in a manner consistent with the requirements that would have applied had reporting to the insurer’s relevant authority been required at the end of the year; and Variation in tax basis and amortized cost (a) in a taxation year that ended after 1968 and before 1978 an insurer carried on a life insurance business in Canada and an insurance business in a country other than Canada, (b) the insurer did not make an election in respect of the year under subsection 138(9) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as it applied to that year, and (c) the ratio of the value for the year of the insurer’s specified Canadian assets to its Canadian investment fund for the year exceeded one, each of the amounts included or deducted as follows in respect of the year shall be multiplied by the ratio referred to in paragraph 138(13)(c):
(ii) soit d’une personne au moyen d’un don, (iii) soit d’une fiducie par suite de la disposition d’un bien qui n’a pas pour effet de changer la propriété effective du bien, est réputé avoir reçu par suite de la disposition une contrepartie égale à cette juste valeur marchande; c) le contribuable qui acquiert un bien par donation, legs ou succession ou par suite d’une disposition qui n’a pas pour effet de changer la propriété effective du bien est réputé acquérir le bien à sa juste valeur marchande. Idem, cas où le par. 70(3) s’applique (1.1) Lorsqu’un contribuable a acquis un bien consistant dans un droit ou un bien auquel s’applique le paragraphe 70(3), les règles suivantes s’appliquent : a) l’alinéa (1)c) ne s’applique pas à ce bien; b) le contribuable est réputé avoir acquis ce bien à un coût égal au total des montants suivants : (i) la fraction du coût pour le contribuable décédé qui n’avait pas été déduite par lui dans le calcul de son revenu pour une année donnée, (ii) les dépenses engagées ou effectuées par lui pour acquérir ce bien. Idem (1.2) Lorsqu’un contribuable dispose d’un bien pour un produit de disposition, déterminé compte non tenu du présent paragraphe, au moins égal à la juste valeur marchande du bien au moment de la disposition, et qu’il existe, à ce moment une convention selon laquelle une personne avec qui le contribuable a un lien de dépendance convenait de payer, à titre de loyer, redevance ou autre paiement pour l’usage ou le droit d’usage du bien, un montant inférieur à ce qui aurait été raisonnable dans les circonstances si le contribuable et la personne n’avaient eu aucun lien de dépendance au moment de la conclusion de la convention, le produit de disposition du bien est réputé égal au plus élevé des montants suivants : a) le produit qui serait déterminé sans le présent paragraphe; b) le montant qui aurait représenté la juste valeur marchande du bien au moment de la disposition si la convention n’avait pas existé. Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
For the purposes of subsection 138(13), the expressions Canadian investment fund for a taxation year, specified Canadian assets and value for the taxation year have the meanings prescribed therefor. Definition not to apply
(d) the fair market value of the property at the time of the disposition, determined without reference to the existence of the agreement.
In this section, in construing the meaning of the expression group term insurance policy, the definition group term life insurance policy in subsection 248(1) does not apply.
and (3) [Repealed, 1998, c. 19, s. 107] Idem (d) subsections 13(21.2), 18(15) and 40(3.4) and (3.6) do not apply in respect of any property disposed of on the winding-up. (e) [Repealed, 1998, c. 19, s. 107]
There shall be included in computing an insurer’s income for its transition year from an insurance business carried on by it in the transition year the positive amount, if any, of the insurer’s reserve transition amount in respect of that insurance business. Transition year income deduction
to (10) [Repealed, 2003, c. 28, s. 8] Deemed proceeds of disposition (a) to obtain the benefit of Impôt sur le revenu
There shall be deducted in computing an insurer’s income for its transition year from an insurance business carried on by it in the transition year the absolute value of the negative amount, if any, of the insurer’s reserve transition amount in respect of that insurance business. (17.1) In applying subsections (18) and (19) to an insurer for a taxation year of the insurer in respect of International Financial Reporting Standards, (a) the reference to “policy reserve” in the description of C in the definition reserve transition amount in subsection (12) is to be read as a reference to “policy reserve determined without reference to the insurer’s excluded policies”; (b) the description of D in the definition reserve transition amount in subsection (12) is to be read as follows: D is the amount determined by the formula D.1 is the maximum amount that the insurer is permitted to claim under paragraph 20(7)(c) as a policy reserve determined without reference to the insurer’s excluded policies, and D.2 is the amount of policy acquisition costs of the insurer that is not deductible, but in the absence of subsection 18(9.02) (as it read in the base year) would have been deductible, in the base year or a preceding taxation year; (c) the reference to “life insurance policies” in the description of G in the definition reserve transition amount in subsection (12) is to be read as a reference to “life insurance policies other than excluded policies”; and (d) the amount included in the description of H in the definition reserve transition amount in subsection (12) is to be determined without reference to excluded policies.
If an amount has been included under subsection (16) in computing an insurer’s income for its transition year from an insurance business carried on by it, there shall be deducted in computing the insurer’s income, for each particular taxation year of the insurer that ends after the beginning of the transition year, from that insurance business, the amount determined by the formula A is the amount included under subsection (16) in computing the insurer’s income for the transition year from that insurance business; and B is the number of days in the particular taxation year that are before the day that is 1825 days after the first day of the transition year. Transition year income deduction reversal
If some amount has been deducted under subsection (17) in computing an insurer’s income for its transition year from an insurance business carried on by it, there shall be included in computing the insurer’s income, for each particular taxation year of the insurer that ends after the beginning of the transition year, from that Insurance Corporations insurance business, the amount determined by the formula A is the amount deducted under subsection (17) in computing the insurer’s income for the transition year from that insurance business; and B is the number of days in the particular taxation year that are before the day that is 1825 days after the first day of the transition year.
If an insurer has, in a winding-up to which subsection 88(1) has applied, been wound-up into another corporation (referred to in this subsection as the “parent”), and immediately after the winding-up the parent carries on an insurance business, in applying subsections (18) and (19) in computing the income of the insurer and of the parent for particular taxation years that end on or after the first day (referred to in this subsection as the “start day”) on which assets of the insurer were distributed to the parent on the winding-up, (a) the parent is, on and after that start day, deemed to be the same corporation as and a continuation of the insurer in respect of (i) any amount included under subsection (16) or deducted under subsection (17) in computing the insurer’s income from an insurance business for its transition year, (ii) any amount deducted under subsection (18) or included under subsection (19) in computing the insurer’s income from an insurance business for a taxation year of the insurer that begins before the start day, and (iii) any amount that would — in the absence of this subsection and if the insurer existed and carried on an insurance business on each day that is the start day or a subsequent day and on which the parent carries on an insurance business — be required to be deducted or included, in respect of any of those days, under subsection (18) or (19) in computing the insurer’s income from an insurance business; and (b) the insurer is, in respect of each of its particular taxation years, to determine the value for B in the formulas in subsections (18) and (19) without reference to the start day and days after the start day. Insurance Corporations
If there is an amalgamation (within the meaning assigned by subsection 87(1)) of an insurer with one or more other corporations to form one corporation (referred to in this subsection as the “new corporation”), and immediately after the amalgamation the new corporation carries on an insurance business, in applying subsections (18) and (19) in computing the income of the new corporation for particular taxation years of the new corporation that begin on or after the day on which the amalgamation occurred, the new corporation is, on and after that day, deemed to be the same corporation as and a continuation of the insurer in respect of (a) any amount included under subsection (16) or deducted under subsection (17) in computing the insurer’s income from an insurance business for its transition year; (b) any amount deducted under subsection (18) or included under subsection (19) in computing the insurer’s income from an insurance business for a taxation year that begins before the day on which the amalgamation occurred; and (c) any amount that would — in the absence of this subsection and if the insurer existed and carried on an insurance business on each day that is the day on which the amalgamation occurred or a subsequent day and on which the new corporation carries on an insurance business — be required to be deducted or included, in respect of any of those days, under subsection (18) or (19) in computing the insurer’s income from an insurance business.
et (3) [Abrogés, 1998, ch. 19, art. 107] Attribution à un actionnaire
Subsection (23) applies if, at any time, an insurer (referred to in this subsection and subsection (23) as the “transferor”) transfers, to a corporation (referred to in this subsection and subsection (23) as the “transferee”) that is related to the transferor, property in respect of an insurance business carried on by the transferor (referred to in this subsection and subsection (23) as the “transferred business”) and (b) subsection 85(1) applies to the transfer, the transfer includes all or substantially all of the property and Insurance Corporations liabilities of the transferred business and, immediately after the transfer, the transferee carries on an insurance business. Transfer of life insurance business
Lorsque le bien d’une société est attribué de quelque manière que ce soit à un actionnaire de la société, ou à son profit, à titre gratuit ou pour une contrepartie inférieure à sa juste valeur marchande, et que la vente du bien à sa juste valeur marchande aurait augmenté le revenu de la société, ou réduit sa perte, la société est réputée avoir disposé du bien au moment de son attribution et en avoir reçu un produit de disposition égal à sa juste valeur marchande à ce moment. Idem
If this subsection applies in respect of the transfer, at any time, of property (a) the transferee is, at and after that time, deemed to be the same corporation as and a continuation of the transferor in respect of (i) any amount included under subsection (16) or deducted under subsection (17) in computing the transferor’s income for its transition year that can reasonably be attributed to the transferred business, (ii) any amount deducted under subsection (18) or included under subsection (19) in computing the transferor’s income for a taxation year of the transferor that begins before that time that can reasonably be attributed to the transferred business, and (iii) any amount that would — in the absence of this subsection and if the transferor existed and carried on an insurance business on each day that includes that time or is a subsequent day and on which the transferee carries on an insurance business — be required to be deducted or included, in respect of any of those days, under subsection (18) or (19) in computing the transferor’s income that can reasonably be attributed to the transferred business; and (b) in determining, in respect of the day that includes that time or any subsequent day, any amount that is required under subsection (18) or (19) to be deducted or included in computing the transferor’s income for each particular taxation year from the transferred business, the description of A in the formulas in those subsections is deemed to be nil. Ceasing to carry on business
Lorsque, au cours d’une année d’imposition d’une société, des biens de la société ont été attribués de quelque manière que ce soit à un actionnaire ou au profit de celui-ci, lors de la liquidation de la société, les règles suivantes s’appliquent : a) la société est réputée avoir disposé des biens immédiatement avant la liquidation pour un produit égal à leur juste valeur marchande à ce moment; b) l’actionnaire est réputé avoir acquis les biens à un coût égal à leur juste valeur marchande immédiatement avant la liquidation; c) les paragraphes 52(1) et (2) ne s’appliquent pas lorsqu’il s’agit de déterminer le coût de ces biens pour l’actionnaire; d) les paragraphes 13(21.2), 18(15) et 40(3.4) et (3.6) ne s’appliquent pas aux biens dont il a été disposé lors de la liquidation. e) [Abrogé, 1998, ch. 19, art. 107]
If at any time an insurer ceases to carry on all or substantially all of an insurance business (referred to in this subsection as the “discontinued business”), and none of subsections (20) to (22) apply, (a) there shall be deducted, in computing the insurer’s income from the discontinued business for the insurer’s taxation year that includes the time that is immediately before that time, the amount determined by the formula A is the amount included under subsection (16) in computing the insurer’s income from the discontinued business for its transition year, and B is the total of all amounts each of which is an amount deducted under subsection (18) in computing the insurer’s income from the discontinued business for a taxation year that began before that time; and (b) there shall be included, in computing the insurer’s income from the discontinued business for the insurer’s taxation year that includes the time that is immediately before that time, the amount determined by the formula C is the amount deducted under subsection (17) in computing the insurer’s income from the discontinued business for its transition year, and D is the total of all amounts each of which is an amount included under subsection (19) in computing the insurer’s income from the discontinued business for a taxation year that began before that time.
à (10) [Abrogés, 2003, ch. 28, art. 8] Produit de disposition réputé
If at any time an insurer that carried on an insurance business ceases to exist (otherwise than as a result of a winding-up or amalgamation described in subsection (20) or (21)), for the purposes of subsection (24), the insurer is deemed to have ceased to carry on the insurance business at the earlier of (a) the time (determined without reference to this subsection) at which the insurer ceased to carry on the insurance business, and (b) the time that is immediately before the end of the last taxation year of the insurer that ended at or before the time at which the insurer ceased to exist. Insurance Corporations Rules relating to segregated funds
Malgré les autres dispositions de la présente loi, le contribuable qui, à un moment donné, dispose d’un bien dans le cadre d’une série d’opérations ou d’événements pour un produit de disposition inférieur à la juste valeur marchande du bien et qu’il est raisonnable de considérer que l’un des principaux objets de la série consiste : (12.1) and (12.2) [Repealed, 1998, c. 19, s. 107] Amalgamation or merger a) à profiter de l’un des éléments ci-après offert à une personne (sauf une personne qui serait affiliée au contribuable immédiatement avant le début de la série, compte non tenu de la définition de contrôlé au paragraphe 251.1(3)) relativement à une disposition ultérieure du bien ou d’un bien de remplacement, ou lorsque cette disposition soit effectuée, ou des arrangements en vue de cette disposition pris, avant le jour qui suit de trois ans le moment donné : (i) une déduction (sauf celle visée au paragraphe 110.6(2.1) au titre d’un gain en capital provenant de la disposition d’une action acquise dans une acquisition dans le cadre d’une acquisition à laquelle se sont appliquées les paragraphes 85(3) ou 98(3)) dans le calcul du revenu, du revenu imposable, du revenu imposable gagné au Canada ou de l’impôt payable en vertu de la présente loi, (ii) un solde de dépenses ou autres montants non déduits; b) à profiter d’une exemption offerte à une personne de l’impôt payable en vertu de la présente loi sur un revenu découlant d’une disposition ultérieure du bien ou d’un bien de remplacement, malgré toute autre disposition de la présente loi, lorsque cette disposition soit effectuée, ou des arrangements en vue de cette disposition pris, avant le jour qui suit de trois ans le moment donné. Nouvelles cotisations
(a) a trust (in this section and section 138.2 referred to as the “related segregated fund trust”) is deemed to be created at the time that is the later of (i) the day that the segregated fund is created, and (ii) the day on which the insurer’s 1978 taxation year commences, and to continue in existence throughout the period during which the fund determines any portion of the benefits under life insurance policies that vary in amount depending on the fair market value of the property in the segregated fund (in this section referred to as “segregated fund policies”); (b) property that has been allocated to and that remains a part of the segregated fund, and any income that has accrued on that property is deemed to be the property and income of the related segregated fund trust and not to be the property and income of the insurer; (c) the insurer is deemed to be (i) the trustee who has ownership or control of the related segregated fund trust property, (ii) a resident of Canada in respect of the related segregated fund trust property used or held by it in the course of carrying on the insurer’s life insurance business in Canada, and (iii) a non-resident of Canada in respect of the related segregated fund trust property not used or held by it in the course of carrying on the insurer’s life insurance business in Canada; (d) where at a particular time there is property in the segregated fund that was not funded with premiums paid under a segregated fund policy, Insurance Corporations (i) the insurer is deemed to have an interest in the related segregated fund trust that is not in respect of any particular property or source of income, and (ii) the cost at any time of that interest to the insurer is deemed to be the total of (A) for property of the trust at that time allocated by the insurer to the segregated fund prior to 1978, the amount that would be its adjusted cost base to the insurer if the interest had been a capital property at all relevant times prior to 1978 and if the rules in this section had been applicable for the taxation years after 1971 and before 1978, and (B) for property of the trust at that time allocated by the insurer to the segregated fund after 1977, the fair market value of the property at the time it was last allocated to the segregated fund by the insurer; (e) where at any particular time there is property in the segregated fund that was funded with a portion of the premiums paid before that time under a segregated fund policy, (i) the respective segregated fund policyholder is deemed to have an interest in the related segregated fund trust that is not in respect of any particular property or source of income, (ii) the cost of that interest is deemed to be the amount that is the total of (A) the amount that would be its adjusted cost base to the insurer at December 31, 1977 if the interest had been a capital property at all relevant times prior to 1978 and if the rules in this section (if subsection 138.1(3) were read without reference to the expressions “or capital loss” and “or loss”) had been applicable for taxation years after 1971 and before 1978, and (B) the total of amounts each of which is that portion of a premium paid before that time and after the day referred to in subparagraph 138.1(1)(a)(ii) under a segregated fund policy that was or is to be used by the insurer to fund property allocated to the segregated fund (other than the portion of the premium that is an acquisition fee), and (iii) the portion of a premium included in a segregated fund is deemed not to be an amount paid in respect of a premium under the policy; (f) the taxable income of the related segregated fund trust is deemed for the purposes of subsections 104(6), (13) and (24) to be an amount that has become payable in the year to the beneficiaries under the segregated fund trust and the amount therefor in respect of any particular beneficiary is equal to the amount determined by reference to the terms and conditions of the segregated fund policy; (g) where at a particular time the fair market value of property transferred by the insurer to the segregated fund results in an increase at that time in the portion of the insurer’s reserves for a segregated fund policy held by a policyholder that vary with the fair market value of the segregated fund and a decrease in the portion of its reserves for the policy that do not so vary, the amount of that increase shall, (i) for the purpose of the determination of H in the definition adjusted cost basis in subsection 148(9), be deemed to be proceeds of disposition that the policyholder became entitled to receive at that time, (ii) for the purpose of computing the adjusted cost basis to the policyholder of the policyholder’s interest in the related segregated fund trust, be added at that time to the cost to the policyholder of that interest, and (iii) for the purpose of computing the insurer’s income, be deemed to be a payment under the terms and conditions of the policy at that time; (h) where at a particular time the fair market value of property transferred by the insurer from the segregated fund results in an increase at that time in the portion of the insurer’s reserves for a segregated fund policy that do not vary with the fair market value of the segregated fund and a decrease in the portion of its reserves for the policy that so vary, the amount of that increase shall, for the purpose of calculating the insurer’s income, be deemed to be a premium received by the insurer at that time; (i) where at a particular time the policyholder of a segregated fund policy disposes of all or a portion of the policyholder’s interest in the related segregated fund trust, that portion of the amount, if any, by which the acquisition fee with respect to the particular policy exceeds the total of amounts each of which is an amount determined under this paragraph with respect to the particular policy before that time, that (i) the fair market value of the interest disposed of at that time Insurance Corporations is of (ii) the fair market value of the policyholder’s interest in the particular segregated fund trust immediately before that time, is deemed to be a capital loss of the related segregated fund trust that reduces the policyholder’s benefits under the particular policy by that amount for the purposes of subsection 138.1(3); (j) the obligations of an insurer in respect of a benefit that is payable under a segregated fund policy, the amount of which benefit varies with the fair market value of the segregated fund at the time the benefit becomes payable, are deemed to be obligations of the trustee under the related segregated fund trust and not of the insurer and any amount received by the policyholder or that the policyholder became entitled to receive at any particular time in a year in respect of those obligations is deemed to be proceeds from the disposition of an interest in the related segregated fund trust; (k) a reference to “the terms and conditions of the trust arrangement” in section 104 or subsection 127.2(3) is deemed to include a reference to the terms and conditions of the related segregated fund policy and the trustee is deemed to have designated the amounts referred to in that section in accordance with those terms and conditions; and (l) where at any time an insurer acquires a share as a first registered holder thereof and allocates the share to a related segregated fund trust, the trust shall be deemed to have acquired the share at that time as first registered holder thereof for the purpose of computing its share-purchase tax credit and the insurer shall be deemed not to have acquired the share for the purpose of computing its share-purchase tax credit. Rules relating to property in segregated funds at end of 1977 taxation year
Malgré les paragraphes 152(4) à (5), le ministre peut établir en tout temps, pour l’application du paragraphe (11), les cotisations et nouvelles cotisations voulues concernant l’impôt, les intérêts et les pénalités payables par le contribuable. (12.1) et (12.2) [Abrogés, 1998, ch. 19, art. 107] Fusion ou unification
Where an insurer holds property at the end of its 1977 taxation year in connection with a segregated fund, the following rules apply: (a) the property is deemed to have been acquired by the related segregated fund trust on the day determined under paragraph 138.1(1)(a) at a cost equal to the adjusted cost base of the property to the insurer on that day and that transaction is deemed to be a transaction between persons not dealing at arm’s length; (b) the property is deemed to have been disposed of by the insurer on the day referred to in paragraph 138.1(2)(a) for proceeds equal to the adjusted cost base of the property to the insurer on that day; and (c) for the purpose of computing the insurer’s income for its 1978 taxation year it shall be deemed to have made a payment to its policyholders in satisfaction of their rights under their segregated fund policies in that year equal to that portion of the amount deducted under subparagraph 138(3)(a)(i) in computing its income for its 1977 taxation year that is in respect of segregated fund policies. (2.1) For the purpose of determining the taxable income of a related segregated fund trust for a taxation year that begins after 2017, the non-capital losses of the related segregated fund trust that arise in a taxation year that begins before 2018 are deemed to be nil. Capital gains and capital losses of related segregated fund trusts
En cas de fusion ou d’unification d’une société avec une ou plusieurs autres sociétés en vue de former une nouvelle société, la société est réputée, pour que soit déterminé si le paragraphe (11) s’applique à la fusion ou à l’unification, avoir disposé immédiatement avant la fusion ou l’unification, de chacun de ses biens qui devient un bien de la nouvelle société par suite de la fusion ou de l’unification, pour un produit égal au montant suivant : a) zéro, dans le cas d’un avoir minier canadien ou d’un avoir minier étranger; b) le coût indiqué du bien pour la société immédiatement avant la fusion ou l’unification, dans le cas d’autres biens. Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
A capital gain or capital loss of a related segregated fund trust from the disposition of any property shall, to the extent that a policyholder’s benefits under a policy or the interest in the trust of any other beneficiary is affected by that gain or loss, be deemed to be a capital gain or capital loss, as the case may be, of the policyholder or other beneficiary and not that of the trust. Election and allocation
New taxpayer [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] [R.S., 1985, c. 1 (5th Supp.), s. 69; 1989, c. 17, s. 64; R.S., 1985, c. 48 (4th Supp.), s. 21; 1994, c. 7, Sch. II, s. 4; 1998, c. 19, s. 221; c. 21, s. 32; 1999, c. 9, s. 102; 2001, c. 17, s. 5; 2013, c. 34, s. 200(8); 2014, c. 39, s. 12; 2016, c. 12, s. 13.] Death of a taxpayer --- Impôt sur le revenu
Where at any particular time after 1977, a policyholder withdraws all or part of the policyholder’s interest in a segregated fund policy, the trustee of a related segregated fund trust may elect in prescribed manner and prescribed form to treat any capital property of the trust as having been disposed of, whereupon the property shall be deemed to have been disposed of on any day designated by the trustee for proceeds of disposition equal to (a) the fair market value of the property on that day, (b) the adjusted cost base to the trust of the property on that day, or (c) an amount that is neither greater than the greater of nor less than the lesser of the amounts determined under paragraphs 138.1(4)(a) and 138.1(4)(b), whichever is designated by the trustee, and to have been reacquired by the trust immediately thereafter at a cost equal to those proceeds, and where the trustee of a related segregated fund trust has made such an election, the following rules apply: (d) the amount of any capital gain or capital loss resulting from the deemed disposition shall be allocated by the trustee to any policyholder withdrawing all or part of the policyholder’s interest in the policyholder’s policy at that time to the extent that the amount of the policyholder’s benefits under the policy at that time is affected by the capital gain or capital loss in respect of property held by the related segregated fund trust at that time, (e) the allocation referred to in paragraph 138.1(4)(d) is deemed to have been made immediately before the withdrawal, (f) any capital gain not so allocated is deemed to be allocated in accordance with the terms and conditions of the policy, (g) any capital loss not so allocated is deemed to be a superficial loss of each policyholder to the extent that the policyholder’s benefits under the policy would be affected by the loss. Adjusted cost base of property in related segregated fund trust
At any particular time, the adjusted cost base of each capital property of a related segregated fund trust shall be deemed to be the amount, if any, by which (a) the adjusted cost base of the property to the trust immediately before that time (b) the total of amounts each of which is an amount in respect of the disposition by a policyholder of all or part of the policyholder’s interest in the related segregated fund trust of that time equal to that proportion of the amount, if any, by which (i) the adjusted cost base to the policyholder of that interest at that time (ii) the policyholder’s proceeds of the disposition of that interest in the trust Insurance Corporations (iii) the fair market value of the capital property at that time is of (iv) the total of amounts each of which is the fair market value of a capital property of the related segregated fund trust at that time. Definition of acquisition fee
In this section, acquisition fee means the amount, if any, by which the total of amounts each of which is (a) that portion of a premium charged by the insurer under a segregated fund policy that is not included in the related segregated fund or cannot reasonably be regarded as an amount required to fund a mortality or maturity benefit, (b) a transfer from the segregated fund that cannot reasonably be regarded as an amount required to fund a mortality or maturity benefit other than an annual administration fee or charge, or (c) any amount by which the proceeds payable to the policyholder under a particular segregated fund policy is reduced on the surrender or partial surrender of the policy that may reasonably be regarded as a surrender fee, (d) the total of amounts each of which is that portion of an amount described in paragraph 138.1(6)(a), 138.1(6)(b) or 138.1(6)(c) that may reasonably be considered to be in respect of an interest in the segregated fund that was disposed of before 1978.
Subsections (1) to (6) do not apply to the holder of a segregated fund policy with respect to such a policy that is issued or effected as or under a FHSA, pooled registered pension plan, registered pension plan, registered retirement income fund, registered retirement savings plan or TFSA. Qualifying transfer of funds
b) dans le cas de tout autre bien, le coût indiqué du bien pour la société immédiatement avant la fusion ou l’union. Nouveau contribuable
(a) all of the property that, immediately before the transfer time, was property of a related segregated fund trust has become, at the transfer time, the property of another related segregated fund trust (in this section referred to as the “transferor” and “transferee”, respectively, and collectively as the “funds”); (b) every person that had an interest in the transferor immediately before the transfer time (in this section referred to as a “beneficiary”) has ceased to be a beneficiary of the transferor at the transfer time and has received no consideration for the interest other than an interest in the transferee; (c) the trustee of the funds is a resident of Canada; and (d) the trustee of the funds so elects, by filing a prescribed form with the Minister on or before the election’s due date. General
Pour l’application du paragraphe (11), le contribuable qui est constitué au cours d’une série d’opérations ou d’événements est réputé : a) d’une part, avoir existé immédiatement avant le début de la série; b) d’autre part, avoir été affilié, immédiatement avant le début de la série, avec chacune des personnes avec laquelle il est affilié (autrement qu’à cause d’un droit visé à l’alinéa 251(5)b)) au moment de sa constitution. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent codifié; voir les lois modificatives et règlements appropriés.] [L.R. (1985), ch. 1 (5e suppl.), art. 69; 1989, ch. 17, art. 64; L.R. (1985), ch. 48 (4e suppl.), art. 21; 1994, ch. 7, ann. II, art. 4; 1998, ch. 19, art. 221; ch. 21, art. 32; 1999, ch. 9, art. 102; 2001, ch. 17, art. 5; 2013, ch. 34, art. 200(8); 2014, ch. 39, art. 12; 2016, ch. 12, art. 13.] Décès du contribuable 70 (1) Dans le calcul du revenu d’un contribuable pour l’année d’imposition au cours de laquelle il est décédé, les règles suivantes s’appliquent : a) une somme représentant des intérêts, loyers, redevances, rentes, rémunérations d’une charge ou d’un emploi, ou toute autre somme payable périodiquement (autre qu’un montant à l’égard d’un intérêt dans un contrat de rente auquel l’alinéa 148(2)b) s’applique), qui n’a pas été payée avant son décès, est réputée s’être accumulée en sommes quotidiennes égales pendant la période à l’égard de laquelle la somme était payable, et la valeur de la partie de ces sommes ainsi réputées s’être accumulées jusqu’au jour du décès doit être incluse dans le calcul du revenu du contribuable pour l’année au cours de laquelle il est décédé; b) l’alinéa 12(1)t) est à remplacer par ce qui suit : « t) la somme déduite en application du paragraphe 127(5) ou (6) dans le calcul de l’impôt payable par le contribuable pour l’année ou une année d’imposition antérieure dans la mesure où cette somme n’a pas été incluse dans le calcul du revenu du contribuable pour une année d’imposition antérieure en application du présent alinéa ou n’est pas incluse dans une somme déterminée en vertu de l’alinéa 13(7.1)e) ou 37(1)e) ou du sous-alinéa 53(2)c)(v) ni du 1 de la formule figurant à la définition de fraction non amortie du coût indiqué au paragraphe 13(21) ou l’élément L de la formule figurant à la définition de frais cumulatifs d’exploration au Canada au paragraphe 66.1(6); » Exception Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
If there has been a qualifying transfer, (a) the last taxation years of the funds that began before the transfer time are deemed to have ended at the transfer time and the next taxation year of the transferee is deemed to have begun immediately after the transfer time; (b) no amount in respect of a non-capital loss, net capital loss, restricted farm loss, farm loss or limited partnership loss of a fund for a taxation year that began before the transfer time is deductible in computing the taxable income of the funds for a taxation year that begins after the transfer time; (c) each beneficiary’s interest in the transferor is deemed to have been disposed of at the transfer time for proceeds of disposition, and each beneficiary’s interest in the transferee received in the qualifying transfer is deemed to have been acquired at a cost, equal to the cost amount to the beneficiary of the interest in the transferor immediately before the transfer time; Insurance Corporations (i) to have been charged, transferred or paid in respect of the policyholder’s interest in the transferee that is acquired on the qualifying transfer, and (ii) to not have been charged, transferred or paid in respect of the policyholder’s interest in the transferor; or and (e) subsections 138.1(4) and (5) do not apply in respect of any disposition of an interest in the transferor arising on the qualifying transfer. Transferor – capital gains and losses
Impôt sur le revenu
In respect of a qualifying transfer, each property of the transferor held immediately before the transfer time is deemed to have been disposed of by the transferor immediately before the transfer time for proceeds of disposition, and to have been acquired by the transferee at the transfer time for a cost, equal to the lesser of (a) the fair market value of the property immediately before the transfer time, and (i) the cost amount of the property to the transferor immediately before the transfer time, and (ii) the amount that is designated in respect of the property in the election in respect of the qualifying transfer. Transferee – capital gains and losses
In respect of a qualifying transfer, each property of the transferee held immediately before the transfer time is deemed to have been disposed of by the transferee immediately before the transfer time for proceeds of disposition, and to have been reacquired by the transferee at the transfer time for a cost, equal to the lesser of (a) the fair market value of the property immediately before the transfer time, and (i) the cost amount of the property to the transferee immediately before the transfer time, and (ii) the amount that is designated in respect of the property in the election in respect of the qualifying transfer. Insurance Corporations
Subsection 138.1(3) does not apply to capital losses of a fund from the disposition of property on a qualifying transfer under subsection (3) or (4) to the extent that the amount of such capital losses exceeds the amount of capital gains of the fund from the disposition of property on the qualifying transfer under subsection (3) or (4), as the case may be.
The due date of an election referred to in paragraph (1)(d) is the later of (a) the day that is six months after the day that includes the transfer time, and (b) a day that the Minister may specify. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2017, c. 33, s. 55. Conversion of insurance corporations into mutual corporations
l’inventaire d’une entreprise, les avoirs miniers canadiens et les avoirs miniers étrangers. Révocation du choix
(a) section 15 does not apply to require the inclusion, in computing the income of a shareholder of the corporation, of any part of that amount; and (b) no part of that amount shall be deemed, for the purpose of subsection 138(7), to have been paid to shareholders or, for the purpose of section 84, to have been received as a dividend. Demutualization of Insurance Corporations
Le choix fait en vertu du paragraphe (2) peut être révoqué par un avis de révocation signé par les représentants légaux du contribuable et présenté au ministre dans le délai imparti pour faire le choix. Immobilisations d’un contribuable décédé
conversion benefit means a benefit received in connection with the demutualization of an insurance corporation because of an interest, before the demutualization, of any person in an insurance policy to which the insurance corporation has been a party. (avantage de transformation) deadline for a payment in respect of a demutualization of an insurance corporation means the latest of (a) the end of the day that is 13 months after the time of the demutualization, (b) where the entire amount of the payment depends on the outcome of an initial public offering of shares of the corporation or a holding corporation in respect of the insurance corporation, the end of the day that is 60 days after the day on which the offering is completed, (c) where the payment is made after the initial deadline for the payment and it is reasonable to conclude that the payment was postponed beyond that initial deadline because there was not sufficient information available 60 days before that initial deadline with regard to the location of a person, the end of the day that is six months after such information becomes available, and demutualization means the conversion of an insurance corporation from a mutual company into a corporation that is not a mutual company. (démutualisation) holding corporation means a corporation that (a) in connection with the demutualization of an insurance corporation, has issued shares of its capital stock to stakeholders; and (b) owns shares of the capital stock of the insurance corporation acquired in connection with the demutualization that entitle it to 90% or more of the votes that could be cast in respect of shares under all circumstances at an annual meeting of (i) shareholders of the insurance corporation, or initial deadline for a payment is the time that would, if the definition deadline were read without reference to paragraph (c) of that definition, be the deadline for the payment. (échéance initiale) mutual holding corporation, in respect of an insurance corporation, means a mutual company established to hold shares of the capital stock of the insurance corporation, where the only persons entitled to vote at an annual meeting of the mutual company are policyholders of the insurance corporation. (société mutuelle de portefeuille) ownership rights means (a) in a particular mutual holding corporation, the following rights and interests held by a person in respect of the particular corporation because of an interest or former interest of any person in an insurance policy to which an insurance corporation, in respect of which the particular corporation is the mutual holding corporation, has been a party: (i) rights that are similar to rights attached to shares of the capital stock of a corporation, and (ii) all other rights with respect to, and interests in, the particular corporation as a mutual company; (b) in a mutual insurance corporation, the following rights and interests held by a person in respect of the mutual insurance corporation because of an interest or former interest of any person in an insurance policy to which that corporation has been a party: (i) rights that are similar to rights attached to shares of the capital stock of a corporation, (ii) all other rights with respect to, and interests in, the mutual insurance corporation as a mutual company, and person includes a partnership. (personne) share of the capital stock of a corporation includes a right granted by the corporation to acquire a share of its capital stock. (action) specified insurance benefit means a taxable conversion benefit that is Demutualization of Insurance Corporations (c) an undertaking by an insurance corporation of an obligation to pay a policy dividend; or (d) a reduction in the amount of premiums that would otherwise be payable under an insurance policy. stakeholder means a person who is entitled to receive or who has received a conversion benefit but, in respect of the demutualization of an insurance corporation, does not include a holding corporation in connection with the demutualization or a mutual holding corporation in respect of the insurance corporation. (intéressé) taxable conversion benefit means a conversion benefit received by a stakeholder in connection with the demutualization of an insurance corporation, other than a conversion benefit that is (b) a share of a class of the capital stock of a corporation that is or becomes a holding corporation in connection with the demutualization; or (c) an ownership right in a mutual holding corporation in respect of the insurance corporation. (avantage de transformation imposable) Rules of general application
En cas de décès d’un contribuable au cours d’une année d’imposition, les présomptions suivantes s’appliquent : a) le contribuable est réputé avoir disposé, immédiatement avant son décès, de chacune de ses immobilisations et avoir reçu pour leur disposition un produit égal à leur juste valeur marchande immédiatement avant son décès; b) toute personne qui, par suite du décès du contribuable, acquiert un bien dont le contribuable est réputé avoir disposé aux termes de l’alinéa a) est réputée l’avoir acquis au moment du décès à un coût égal à sa juste valeur marchande immédiatement avant le décès; c) pour l’application des articles 13 et 20 et des dispositions réglementaires prises pour l’application de l’alinéa 20(1)a), lorsqu’une personne acquiert, par suite du décès du contribuable, un bien amortissable d’une catégorie prescrite du contribuable dont celui-ci est réputé avoir disposé aux termes de l’alinéa a) (sauf dans le cas où le produit de disposition que le contribuable a reçu selon l’alinéa a) relativement à ce bien est déterminé de nouveau en application du paragraphe 13(21.1)), et que le coût en capital de ce bien pour le contribuable excède son coût pour cette personne, déterminé selon l’alinéa b), (i) le coût en capital du bien pour cette personne est réputé égal à son coût en capital pour le contribuable, (ii) l’excédent est réputé avoir été admis en déduction à l’égard du bien, selon les dispositions réglementaires prises pour l’application de l’alinéa 20(1)a), dans le calcul du revenu de cette personne pour les années d’imposition terminées avant qu’elle n’acquière le bien; d) malgré l’alinéa b), lorsqu’une personne acquiert, par suite du décès du contribuable, un bien dont celui-ci est réputé avoir disposé aux termes de l’alinéa a) et que le produit de disposition que le contribuable a the property under paragraph 70(5)(a) are redetermined under subsection 13(21.1), notwithstanding paragraph 70(5)(b), (a) paragraphs (5)(a) and (b) do not apply in respect of the property; reçu pour le bien selon cet alinéa est déterminé de nouveau en application du paragraphe 13(21.1): (i) pour l’application des articles 13 et 20 et des dispositions réglementaires prises pour l’application de l’alinéa 20(1)a), si le bien était un bien amortissable d’une catégorie prescrite dont le coût en capital pour le contribuable excède le montant ainsi déterminé de nouveau en application du paragraphe 13(21.1): (A) le coût en capital du bien pour la personne est réputé être égal à son coût en capital pour le contribuable, (B) l’excédent est réputé avoir été admis en déduction à l’égard du bien, selon les dispositions réglementaires prises pour l’application de l’alinéa 20(1)a), dans le calcul du revenu de la personne pour les années d’imposition terminées avant qu’elle ne l’acquière, (ii) si le bien est un fonds de terre (sauf un fonds auquel le sous-alinéa (5)d)(i) s’applique), son coût pour la personne est réputé égal au produit de disposition du bien pour le contribuable, déterminé de nouveau en application du paragraphe 13(21.1). Transfert ou distribution — catégorie 14.1 (5.1) Malgré le paragraphe (6), dans le cas où un bien, compris dans la catégorie 14.1 de l’annexe II du Règlement de l’impôt sur le revenu, d’un contribuable relativement à une entreprise qu’il exploitait immédiatement avant son décès qui est un bien auquel le paragraphe (5) s’appliquerait par ailleurs est, par suite du décès, transféré ou distribué (autrement qu’au moyen d’une distribution de biens par une fiducie qui a déduit un montant en application des alinéas 20(1)a) ou b) relativement au bien ou dans les circonstances visées au paragraphe 242(2)) à une personne (appelée bénéficiaire au présent paragraphe), les règles suivantes s’appliquent: a) les alinéas (5)a) et b) ne s’appliquent pas relativement au bien; b) le contribuable est réputé avoir, immédiatement avant son décès, disposé du bien et reçu un produit de disposition égal au moindre du coût en capital, pour le contribuable, du bien immédiatement avant son décès ou, s’il est moins élevé, au coût indiqué, pour le contribuable, du bien immédiatement avant son décès; c) le bénéficiaire est réputé avoir acquis le bien au moment du décès à un coût égal à ce produit de disposition; Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
For the purpose of this section, (a) subject to paragraphs (b) to (g), if in providing a benefit in respect of a demutualization, a corporation becomes obligated, either absolutely or contingently, to make or arrange a payment, the person to whom the undertaking to make or arrange the payment was given is considered to have received a benefit (i) as a consequence of the undertaking of the obligation, and (ii) not as a consequence of the making of the payment; (b) where, in providing a benefit in respect of a demutualization, a corporation makes a payment (other Demutualization of Insurance Corporations than a payment, made pursuant to the terms of an insurance policy, that is not a policy dividend) at any time on or before the deadline for the payment, (i) subject to paragraphs (f) and (g), the recipient of the payment is considered to have received a benefit as a consequence of the making of the payment, and (ii) no benefit is considered to have been received as a consequence of the undertaking of an obligation, that is either contingent or absolute, to make or arrange the payment; (c) no benefit is considered to have been received as a consequence of the undertaking of an absolute or contingent obligation of a corporation to make or arrange a payment (other than a payment made pursuant to the terms of an insurance policy, that is not a policy dividend) unless it is reasonable to conclude that there is sufficient information with regard to the location of a person to make or arrange the payment; (d) where a corporation’s obligation to make or arrange a payment in connection with a demutualization ceases on or before the initial deadline for the payment and without the payment being made in whole or in part, no benefit is considered to have been received as a consequence of the undertaking of the obligation unless the payment was to be a payment (other than a policy dividend) pursuant to the terms of an insurance policy; (e) no benefit is considered to have been received as a consequence of the undertaking of an absolute or contingent obligation of a corporation to make or arrange a payment where (i) paragraph (a) would, but for this paragraph, apply with respect to the obligation, (ii) paragraph (d) would, if that paragraph were read without reference to the words “on or before the initial deadline for the payment”, apply in respect of the obligation, (iii) it is reasonable to conclude that there was not, before the initial deadline for the payment, sufficient information with regard to the location of a person to make or arrange the payment, and (iv) such information becomes available on a particular day after the initial deadline and the obligation ceases not more than six months after the particular day; (f) no benefit is considered to have been received as a consequence of (i) an undertaking of an absolute or contingent obligation of a corporation to make or arrange an annuity payment through the issuance of an annuity contract, or (ii) a receipt of an annuity payment under the contract so issued where it is reasonable to conclude that the purpose of the undertaking or the making of the annuity payment is to supplement benefits provided under either an annuity contract to which subsection 147.4(1) or paragraph 254(a) applied or a group annuity contract that had been issued under, or pursuant to, a registered pension plan that has wound up; (g) no benefit is considered to have been received as a consequence of (i) an amendment to which subsection 147.4(2) would, but for subparagraph 147.4(2)(a)(ii), apply, (h) the time at which a stakeholder is considered to receive a benefit in connection with the demutualization of an insurance corporation is (i) where the benefit is a payment made at or before the time of the demutualization or is a payment to which paragraph (b) applies, the time at which the payment is made, and (A) the time of the demutualization, (B) where the extent of the benefit or the stakeholder’s entitlement to it depends on the outcome of an initial public offering of shares of the corporation or a holding corporation in respect of the insurance corporation and the offering is completed before the day that is 13 months after the time of the demutualization, the time at which the offering is completed, (C) where the entire amount of the benefit depends on the outcome of an initial public offering of shares of the corporation or a holding corporation in respect of the insurance corporation, the time at which the offering is completed, (D) where it is reasonable to conclude that the person conferring the benefit cannot inform the stakeholder of the benefit because, at the time referred to in divisions (A) to (C), they do not have the information necessary to do so, the time at which they receive the information, (E) in any other case that the Minister considers acceptable; (D) where it is reasonable to conclude that the person conferring the benefit does not have sufficient information with regard to the location of the stakeholder before the later of the times determined under clauses (A) to (C), to advise the stakeholder of the benefit, the time at which sufficient information with regard to the location of the stakeholder to so advise the stakeholder was received by that person, and (E) the end of any other day that is acceptable to the Minister; (i) the time at which an insurance corporation is considered to demutualize is the time at which it first issues a share of its capital stock (other than shares of its capital stock issued by it when it was a mutual company if the corporation did not cease to be a mutual company because of the issuance of those shares); and (j) subject to paragraph (3)(b), the value of a benefit received by a stakeholder is the fair market value of the benefit at the time the stakeholder receives the benefit.
Impôt sur le revenu
For the purpose of this section, (a) where benefits under an insurance policy are enhanced (otherwise than by way of an amendment to which subsection 147.4(2) would, but for subparagraph 147.4(2)(a)(ii), apply) in connection with a demutualization, the value of the enhancement is deemed to be a benefit received by the policyholder and not by any other person; (b) where premiums payable under an insurance policy to an insurance corporation are reduced in connection with a demutualization, the policyholder is deemed, as a consequence of the undertaking to reduce the premiums, to have received a benefit equal to the present value at the time of the demutualization of the additional premiums that would have been payable if the premiums had not been reduced in connection with the demutualization; (c) the payment of a policy dividend by an insurance corporation or an undertaking of an obligation by the corporation to pay a policy dividend is considered to be in connection with the demutualization of the corporation only to the extent that (i) the policy dividend is referred to in the demutualization proposal sent by the corporation to stakeholders, (ii) the obligation to make the payment is contingent on stakeholder approval for the demutualization, and (iii) the payment or undertaking cannot reasonably be considered to have been made or given, as the case may be, to ensure that policy dividends are not adversely affected by the demutualization; (d) except for the purposes of paragraphs (c), (e) and (f), where part of a policy dividend is a conversion benefit in respect of the demutualization of an insurance corporation and part of it is not, each part of the dividend is deemed to be a policy dividend that is separate from the other part; (e) a policy dividend includes an amount that is in lieu of payment of, or in satisfaction of, a policy dividend; (f) the payment of a policy dividend includes the application of the policy dividend to pay a premium under an insurance policy or to repay a policy loan; (g) where the demutualization of an insurance corporation is effected by the merger of the corporation with one or more other corporations to form one corporate entity, that entity is deemed to be the same corporation as, and a continuation of, the insurance corporation; (h) an insurance corporation shall be considered to have become a party to an insurance policy at the time that the insurance corporation becomes liable in respect of obligations of an insurer under the policy; and (i) notwithstanding paragraph 248(7)(a), where a cheque or other means of payment sent to an address is returned to the sender without being received by the addressee, it is deemed not to have been sent. Consequences of demutualization (a) each of the income, loss, capital gain and capital loss of a taxpayer, from the disposition, alteration or dilution of the taxpayer’s ownership rights in the particular corporation as a result of the demutualization, is deemed to be nil; (b) no amount paid or payable to a stakeholder in connection with the disposition, alteration or dilution of the stakeholder’s ownership rights in the particular corporation may be included in Class 14.1 of Schedule II to the Income Tax Regulations; (c) no election may be made under subsection 85(1) or (2) in respect of ownership rights in the particular corporation; (d) where the consideration given by a person for a share of the capital stock of the particular corporation or a holding corporation in connection with the demutualization (or for particular ownership rights in a mutual holding corporation in respect of the particular corporation) includes the transfer, surrender, alteration or dilution of ownership rights in the particular corporation, the cost of the share (or the particular ownership rights) to the person is deemed to be nil; (e) where a holding corporation in connection with the demutualization acquires, in connection with the demutualization, a share of the capital stock of the particular corporation from the particular corporation and issues a share of its own capital stock to a stakeholder as consideration for the share of the capital stock of the particular corporation, the cost to the holding corporation of the share of the capital stock of the particular corporation is deemed to be nil; (f) where at any time a stakeholder receives a taxable conversion benefit and subsection (14) does not apply to the benefit, (i) the corporation that conferred the benefit is deemed to have paid a dividend at that time on shares of its capital stock equal to the value of the benefit, and (ii) subject to subsection (16), the benefit received by the stakeholder is deemed to be a dividend received by the stakeholder at that time; (g) for the purposes of this Part, where a dividend is deemed by paragraph (f) or by paragraph (16)(i) to have been paid by a non-resident corporation, that corporation is deemed in respect of the payment of the dividend to be a corporation resident in Canada that is a taxable Canadian corporation unless any amount is claimed under section 126 in respect of tax on the dividend; (h) for the purposes of section 70, subsection 104(4) and section 128.1, the fair market value of rights to benefits that are to be received in connection with the demutualization is, before the time of the receipt, deemed to be nil; and (i) where a person acquires an annuity contract in respect of which, because of the application of Demutualization of Insurance Corporations paragraph (2)(f), no benefit is considered to have been received for the purpose of this section, (i) the cost of the annuity contract to the person is deemed to be nil, and (ii) section 12.2 does not apply to the annuity contract. Fair market value of ownership rights
For the purposes of section 70, subsection 104(4) and section 128.1, where an insurance corporation makes, at any time, a public announcement that it intends to seek approval for its demutualization, the fair market value of ownership rights in the corporation is deemed to be nil throughout the period that (a) begins at that time; and (b) ends either at the time of the demutualization or, in the event that the corporation makes at any subsequent time a public announcement that it no longer intends to demutualize, at the subsequent time.
Where an insurance corporation resident in Canada has demutualized, in computing the paid-up capital at any particular time in respect of a class of shares of the capital stock of the corporation, (a) there shall be deducted the total of all amounts each of which would, but for this subsection, have been deemed by subsection 84(1) to have been paid at or before the particular time by the corporation as a dividend on a share of that class because of an increase in paid-up capital (determined without reference to this subsection) in connection with the demutualization; and (b) there shall be added the amount, if any, by which (i) the total of all amounts each of which is deemed by subsection 84(3), (4) or (4.1) to be a dividend on shares of that class paid by the corporation before the particular time (ii) the total of all amounts each of which would be deemed by subsection 84(3), (4) or (4.1) to be a dividend on shares of that class paid by the corporation before the particular time, if this Act were read without reference to this subsection.
Where a particular corporation resident in Canada was at any time a holding corporation in connection with the demutualization of an insurance corporation, in computing the paid-up capital at any particular time in respect of a class of shares of the capital stock of the particular corporation, (a) there shall be deducted the total of all amounts each of which is an amount by which the paid-up capital would, but for this subsection, have increased at or before the particular time as a result of the acquisition of shares of a class of the capital stock of the insurance corporation from the corporation on its demutualization; and (b) there shall be added the amount, if any, by which (i) the total of all amounts each of which is deemed by subsection 84(3), (4) or (4.1) to be a dividend on shares of that class paid by the particular corporation before the particular time (ii) the total of all amounts each of which would be deemed by subsection 84(3), (4) or (4.1) to be a dividend on shares of that class paid by the particular corporation before the particular time, if this Act were read without reference to this subsection.
d) l'alinéa (5)c) s'applique comme si son passage « l'alinéa a) » était remplacé par « l'alinéa (5.1)b) » et que son passage « l'alinéa b) » était remplacé par « l'alinéa (5.1)c) ». Avoirs miniers et fonds de terre (5.2) Lorsqu'un contribuable décède au cours d'une année d'imposition, les règles ci-après s'appliquent : a) le contribuable est réputé : (i) d'une part, avoir disposé, au moment qui précède immédiatement son décès, de chacun des biens suivants : (A) ses avoirs miniers canadiens, (B) ses avoirs miniers étrangers, (C) des biens qui étaient des fonds de terre à porter à l'inventaire de son entreprise, (ii) d'autre part, sous réserve de l'alinéa c), avoir reçu, à ce moment, pour chacun de ces biens, un produit de disposition égal à sa juste valeur marchande immédiatement avant le décès; b) toute personne qui, par suite du décès du contribuable, acquiert un bien visé au sous-alinéa a)(i) à avoir disposé est réputée, sous réserve de l'alinéa c), avoir acquis le bien au moment du décès à un coût égal à sa juste valeur marchande immédiatement avant le décès; c) si le contribuable résidait au Canada immédiatement avant son décès, qu'un bien visé au sous-alinéa a)(i)(A), (B) ou (C) est, au moment de ce décès ou postérieurement et par suite de ce décès, transféré ou attribué à un particulier qui est son époux ou conjoint de fait visé à l'alinéa (6)a), ou une fiducie visée à l'alinéa (6)b), et qu'il peut être démontré, dans un délai se terminant 36 mois après le décès du contribuable, ou, si le représentant légal de celui-ci en a fait la demande écrite au ministre dans ce délai, dans un délai plus long que le ministre estime raisonnable dans les circonstances, que le bien a été, dans ce délai, dévolu irrévocablement au particulier : (i) d'une part, le contribuable est réputé avoir reçu, au moment qui précède immédiatement son décès, un produit de disposition pour le bien égal à des sommes ci-après qui est applicable : (A) si le bien est un avoir minier canadien ou un avoir minier étranger du contribuable, la somme indiquée par son représentant légal dans la déclaration de revenu du contribuable produite en application de l’alinéa 150(1)b), jusqu’à concurrence de la juste valeur marchande du bien à ce moment, (B) si le bien est un fonds de terre à porter à l’inventaire d’une entreprise du contribuable, son coût indiqué pour lui à ce moment, (ii) d’autre part, le particulier est réputé avoir acquis le bien au moment du décès à un coût égal au montant déterminé selon le sous-alinéa (i) relativement à la disposition du bien prévue à l’alinéa a). Juste valeur marchande (5.3) Pour l’application des paragraphes (5) et 104(4) et de l’article 128.1, la juste valeur marchande, à un moment donné, d’un bien qui est réputé avoir fait l’objet d’une disposition à ce moment par suite du décès d’un particulier ou du fait que celui-ci est devenu un résident du Canada ou a cessé de l’être est déterminée comme si la juste valeur marchande, à ce moment, d’un contrat d’assurance-vie souscrit par le particulier (ou par une autre personne liée au particulier) et en vertu duquel une personne était assurée à ce moment ou au moment de l’établissement de la police) était assurée égale à la valeur de rachat (au sens du paragraphe 148(9)) de la police immédiatement avant le décès du particulier donné ou le moment où il est devenu résident du Canada ou a cessé de l’être, selon le cas. Juste valeur marchande (5.31) Pour l’application des paragraphes (5) et 104(4), la juste valeur marchande, à un moment donné, d’un bien réputé avoir fait l’objet d’une disposition à ce moment par suite du décès d’un particulier est déterminée comme si la juste valeur marchande, à ce moment, d’un contrat de rente correspondait au total des sommes dont chacune représente un montant égal à une prime payée sur le bien avant ce moment dans le cadre du contrat si, à la fois : a) le contrat est, relativement à une police RAL, un contrat visé au sous-alinéa b)(ii) de la définition de police RAL au paragraphe 248(1); b) le particulier en cause est, relativement à la police RAL, le particulier visé à ce sous-alinéa. Compte de stabilisation du revenu net au décès (5.4) Lorsqu’un contribuable possède un compte de stabilisation du revenu net à son décès, les montants détenus pour lui ou pour son compte dans son second fonds (c) paragraphs 70(5)(a) and 70(5)(b) do not apply in respect of the property, du compte de stabilisation du revenu net sont réputés lui avoir été payés sur ce fonds immédiatement avant son décès. Transfert ou distribution de biens à l’époux ou au conjoint de fait ou à une fiducie à leur profit
Where the payment of a policy dividend by an insurance corporation is a taxable conversion benefit, (a) for the purposes of this Act other than this section, the policy dividend is deemed not to be a policy dividend; and (b) no amount in respect of the policy dividend may be included, either explicitly or implicitly, in the calculation of an amount deductible by the insurer for any taxation year under paragraph 20(7)(c) or subsection 138(3). Payment and receipt of premium
Lorsqu’un bien d’un contribuable qui résidait au Canada immédiatement avant son décès est un bien auquel le paragraphe (5) s’appliquerait par ailleurs et qu’il est, par suite du décès du contribuable, transféré ou distribué : a) soit à son époux ou conjoint de fait qui résidait au Canada immédiatement avant le décès du contribuable; b) soit à une fiducie créée par le testament du contribuable qui résidait au Canada immédiatement après le moment où le bien a été, par dévolution, irrévocablement acquis par la fiducie, et en vertu de laquelle : (i) d’une part, l’époux ou conjoint de fait du contribuable a, sa vie durant, droit à tous les revenus de la fiducie, (ii) d’autre part, nulle personne autre que l’époux ou conjoint de fait ne peut, avant le décès de l’époux ou conjoint de fait, recevoir ou obtenir toute autre jouissance de tout ou partie du revenu ou du capital de la fiducie, et qu’il est démontré, dans un délai se terminant 36 mois après le décès du contribuable ou, si son représentant légal en fait la demande écrite au ministre dans ce délai, dans un délai plus long que le ministre considère raisonnable dans les circonstances, que le bien a été dévolu irrévocablement à l’époux ou conjoint de fait ou à la fiducie, les règles suivantes s’appliquent : c) les alinéas (5)a) et b) ne s’appliquent pas au bien; d) sous réserve de l’alinéa d.1), le contribuable est réputé avoir disposé du bien immédiatement avant son décès et avoir reçu de sa disposition un produit égal au montant suivant, selon le cas, et réputé avoir acquis le bien pour ce montant immédiatement avant son décès : (i) lorsque le bien était un bien amortissable d’une catégorie prescrite, le moins élevé de son coût en capital et de son coût indiqué pour le contribuable immédiatement avant son décès, (ii) dans les autres cas, le prix de base rajusté du bien pour le contribuable immédiatement avant son décès; (a) the taxpayer’s spouse or common-law partner, or et l’époux ou conjoint de fait ou la fiducie, selon le cas, est réputée avoir acquis ce bien en contrepartie d’une somme égale à ce produit;
Where, in connection with the demutualization of an insurance corporation, a person would, if subsection (2) were read without reference to paragraphs (f) and (g) and paragraph (3)(a) were read without reference to the application of subsection 147.4(2), receive a particular benefit that is a specified insurance benefit, (a) the insurance corporation that is obligated to pay benefits under the policy to which the particular benefit relates is deemed to have received a premium at the time of the demutualization in respect of that policy equal to the value of the particular benefit; (b) for the purpose of paragraph (a), to the extent that the obligations of a particular insurance corporation under the policy were assumed by another insurance corporation before the time of the demutualization, the particular corporation is deemed not to be obligated to pay benefits under the policy; and (c) subject to paragraph (15)(e), where the person receives the particular benefit, the person is deemed to have paid, at the time of demutualization, a premium in respect of the policy to which the benefit relates equal to the value of the particular benefit.
d.1) dans le cas où le bien est une participation dans une société de personnes à laquelle le paragraphe 100(3) ne s’applique pas, les présomptions suivantes s’appliquent : (i) le contribuable est réputé, sauf pour l’application de l’alinéa 98(5)(g), ne pas avoir disposé du bien par suite de son décès, (ii) l’époux ou conjoint de fait ou la fiducie, selon le cas, est réputé avoir acquis le bien au moment du décès à un coût pour le contribuable, (iii) chaque montant ajouté ou déduit dans le calcul du prix de base rajusté du bien pour le contribuable est réputé être à ajouter ou à déduire, en application du paragraphe 53(1) ou (2) respectivement, dans le calcul du prix de base rajusté de l’époux ou conjoint de fait ou de la fiducie; e) si le bien était un amortissable d’une catégorie de biens prescrite, l’alinéa (5)c) s’applique comme si les renvois aux alinéas a) et b) étaient remplacés par des renvois à l’alinéa (6)d). Transfert ou distribution du compte de stabilisation du revenu net à l’époux ou au conjoint de fait ou à une fiducie (6.1) Lorsqu’un bien qui est un compte de stabilisation du revenu net d’un contribuable est transféré ou distribué à l’une des personnes ci-après au moment du décès du contribuable ou postérieurement par suite de ce décès, les paragraphes (5.4) et 73(5) ne s’appliquent pas au fonds de compte de stabilisation du revenu net du contribuable : a) l’époux ou conjoint de fait du contribuable; b) une fiducie établie par le testament du contribuable et dans le cadre de laquelle : (i) l’époux ou conjoint de fait du contribuable a droit de recevoir la totalité des revenus de la fiducie avant le décès de celui-ci, (ii) nulle autre personne de l’époux ou conjoint de fait peut, avant le décès de celui-ci, recevoir tout ou partie d’un revenu du capital de la fiducie, ou autrement en obtenir l’usage. Election À cette fin, il doit être démontré, dans les 36 mois suivant le décès du contribuable ou, si le représentant légal du contribuable en fait la demande écrite au ministre dans ce délai, dans un délai plus long que le ministre considère acceptable dans les circonstances, que le bien a été dévolu irrévocablement à l'époux ou conjoint de fait ou à la fiducie. Choix (6.2) Les paragraphes (5.1), (6) et (6.1) ne s'appliquent pas au bien d'un contribuable décédé relativement auquel le représentant légal du contribuable a fait un choix, dans la déclaration de revenu du contribuable produite en vertu de la présente partie (sauf celle produite en vertu du paragraphe (2) ou 104(23), de l'alinéa 128(2)e) ou du paragraphe 150(4)) pour l'année du décès du contribuable, pour que les paragraphes (5) ou (5.4) s'appliquent. Règles spéciales applicables aux fiducies au profit du conjoint
Where, in connection with the demutualization of an insurance corporation, a stakeholder receives a taxable conversion benefit (other than a specified insurance benefit), the stakeholder is deemed to have acquired the benefit at a cost equal to the value of the benefit. Exclusion of benefit from RRSP and other rules
Lorsqu'une fiducie établie par le testament d'un contribuable serait une fiducie visée aux paragraphes (6) ou (6.1) en l'absence du paiement de dettes testamentaires déterminées à l'égard du contribuable ou de dispositions prises pour leur paiement, les règles suivantes s'appliquent : a) pour ce qui est de déterminer le jour où les représentants légaux du contribuable doivent au plus tard produire une déclaration de revenu du contribuable pour l'année d'imposition de son décès, il n'est pas tenu compte de l'alinéa 150(1)b) et l'alinéa 150(1)d) est remplacé par ce qui suit : "d) dans le cas d'une autre personne, par son représentant légal dans les 18 mois suivant son décès;"; b) le représentant légal du contribuable peut, dans la déclaration de revenu du contribuable (sauf celle produite en vertu des paragraphes (2) ou 104(23), de l'alinéa 128(2)e) ou du paragraphe 150(4)) dans laquelle il énumère un ou plusieurs biens, sauf un compte de stabilisation du revenu net, qui ont été transférés ou attribués à la fiducie au moment du décès du contribuable ou postérieurement et par suite de ce décès et dont la juste valeur marchande immédiatement après ce décès est au moins égale au total des dettes non admissibles du contribuable, faire un choix pour que, à la fois : (i) le paragraphe (6) ne s'applique pas aux biens ainsi énumérés, (ii) malgré le paiement de telles dettes testamentaires déterminées ou les dispositions prises pour Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
Subject to subsection (14), for the purposes of the provisions of this Act (other than paragraph (9)(c)) that relate to registered retirement savings plans, registered retirement income funds, retirement compensation arrangements, deferred profit sharing plans and superannuation or pension funds or plans, the receipt of a conversion benefit shall be considered to be neither a contribution to, nor a distribution from, such a plan, fund or arrangement.
exceeds Impôt sur le revenu
A conversion benefit received because of an interest in a life insurance policy held by a trust governed by a registered retirement savings plan, registered retirement income fund, deferred profit sharing plan or superannuation or pension fund or plan is deemed to be received under the plan or fund, as the case may be, if it is received by any person (other than the trust). Employee-paid insurance (a) a stakeholder receives a conversion benefit because of the stakeholder’s interest in a group insurance policy under which individuals have been insured in the course of or because of their employment, (b) at all times before the payment of a premium described in paragraph (c), the full cost of a particular insurance coverage under the policy was borne by the individuals who were insured under the particular coverage, (c) the stakeholder pays a premium under the policy in respect of the particular coverage or under another group insurance policy in respect of coverage that has replaced the particular coverage, and (i) the premium is deemed by paragraph (9)(c) to have been paid, or (ii) it is reasonable to conclude that the purpose of the premium is to apply, for the benefit of the individuals who are insured under the particular coverage or the replacement coverage, all or part of the value of the portion of the conversion benefit that can reasonably be considered to be in respect of the particular coverage, the following rules apply: (e) for the purposes of paragraph 6(1)(f) and regulations made for the purposes of subsection (4), the premium is deemed to be an amount paid by the individuals who are insured under the particular coverage or the replacement coverage, as the case may be, and not to be an amount paid by the stakeholder, and (f) no amount may be deducted in respect of the premium in computing the stakeholder’s income. Flow-through of conversion benefits to employees and others (a) a stakeholder receives a conversion benefit (in this subsection referred to as the “relevant conversion benefit”) because of the interest of any person in an insurance policy, (b) the stakeholder makes a payment of an amount (otherwise than by way of a transfer of a share that was received by the stakeholder as all or part of the relevant conversion benefit and that was not so received as a taxable conversion benefit) to a particular individual (i) who has received benefits under the policy, (ii) who has, or had at any time, an absolute or contingent right to receive benefits under the policy, (iii) for whose benefit insurance coverage was provided under the policy, or (iv) who received the amount because an individual satisfied the condition in subparagraph (i), (ii) or (iii), (c) it is reasonable to conclude that the purpose of the payment is to distribute an amount in respect of the relevant conversion benefit to the particular individual, (i) the main purpose of the policy was to provide retirement benefits or insurance coverage to individuals in respect of their employment with an employer, or (ii) all or part of the cost of insurance coverage under the policy had been borne by individuals (other than the stakeholder), (e) subsection (14) does not apply to the relevant conversion benefit, and (f) one of the following applies, namely, (i) the particular individual is resident in Canada at the time of the payment, the stakeholder is a person the taxable income of which is exempt from tax under this Part and the payment would, if this section were read without reference to this subsection, be included in computing the income of the particular individual, (ii) the payment is received before December 7, 1999 and the stakeholder elects in writing filed with the Minister, on a day that is not more than six months after the end of the taxation year in which the stakeholder receives the relevant conversion benefit (or a later day acceptable to the Minister), that this subsection applies in respect of the payment, (iii) the payment is received after December 6, 1999, the payment would, if this section were read without reference to this subsection, be included in computing the income of the particular individual and the stakeholder elects in writing filed with the Minister, on a day that is not more than six months after the end of the taxation year in which the stakeholder receives the relevant conversion benefit (or a later day acceptable to the Minister), that this subsection applies in respect of the payment, or (iv) the payment is received after December 6, 1999 and the payment would, if this section were read without reference to this subsection, not be included in computing the income of the particular individual, the following rules apply: (h) except for the purpose of this subsection and without affecting the consequences to the particular individual of any transaction or event that occurs after the time the payment was made, the payment is deemed not to have been received by, or made payable to, the particular individual, (i) the corporation that conferred the relevant conversion benefit is deemed to have paid to the particular individual at the time the payment was made, and the particular individual is deemed to have received at that time, a dividend on shares of the capital stock of the corporation equal to the amount of the payment, (j) all obligations that would, but for this subsection, be imposed by this Act or the regulations on the corporation because of the payment of the dividend apply to the stakeholder as if the stakeholder were the corporation, and do not apply to the corporation, (k) where the relevant conversion benefit is a taxable conversion benefit, except for the purpose of this subsection and the purposes of determining the obligations imposed by this Act or the regulations on the corporation because of the conferral of the relevant conversion benefit, the stakeholder is deemed, to the extent of the fair market value of the payment, not to have received the relevant conversion benefit, and (l) where the relevant conversion benefit was a share received by the stakeholder (otherwise than as a taxable conversion benefit), (i) if, at the time of the payment, the share was a capital property of the stakeholder, the amount of the payment is added, at that time, in computing the adjusted cost base of the share to the stakeholder, (i) where the share is, at the time of the payment, capital property held by the stakeholder, the amount of the payment shall, after that time, be added in computing the adjusted cost base to the stakeholder of the share, (ii) where subparagraph (i) does not apply and the share was capital property disposed of by the stakeholder before that time, the amount of the payment is deemed to be a capital loss of the stakeholder from the disposition of a property for the taxation year of the stakeholder in which the payment is made, and (iii) in any other case, paragraph (g) shall not apply to the payment. Flow-through of share benefits to employees and others (a) because of the interest of any person in an insurance policy, a stakeholder receives a conversion benefit (other than a taxable conversion benefit) that consists of shares of the capital stock of a corporation, (b) the stakeholder transfers some or all of the shares at any time to a particular individual (i) who has received benefits under the policy, (ii) who has, or had at any time, an absolute or contingent right to receive benefits under the policy, (iii) for whose benefit insurance coverage was provided under the policy, or (iv) who received the shares because an individual satisfied the condition in subparagraph (i), (ii) or (iii), (c) it is reasonable to conclude that the purpose of the transfer is to distribute all or any portion of the conversion benefit to the particular individual, (i) the main purpose of the policy was to provide retirement benefits or insurance coverage to individuals in respect of their employment with an employer, or (ii) all or part of the cost of insurance coverage under the policy had been borne by individuals (other than the stakeholder), (e) subsection (14) does not apply to the conversion benefit, and (f) one of the following applies, namely, (i) the particular individual is resident in Canada at the time of the transfer, the stakeholder is a person the taxable income of which is exempt from tax under this Part and the amount of the transfer would, if this section were read without reference to this subsection, be included in computing the income of the particular individual, (ii) the transfer is made before December 7, 1999 and the stakeholder elects in writing filed with the Minister, on a day that is not more than six months after the end of the taxation year in which the stakeholder receives the conversion benefit (or a later day acceptable to the Minister), that this subsection applies in respect of the transfer, (iii) the transfer is made after December 6, 1999, and the amount of the transfer would, if this section were read without reference to this subsection, be included in computing the income of the particular individual and the stakeholder elects in writing filed with the Minister, on a day that is not more than six months after the end of the taxation year in which the stakeholder receives the conversion benefit (or a later day acceptable to the Minister), that this subsection applies in respect of the transfer, or (iv) the transfer is made after December 6, 1999 and the amount of the transfer would, if this section were read without reference to this subsection, not be included in computing the income of the particular individual, the following rules apply: (g) no amount is, because of the transfer, deductible in computing the stakeholder’s income, (h) except for the purpose of this subsection and without affecting the consequences to the particular individual of any transaction or event that occurs after the time that the transfer was made, the transfer is deemed not to have been made to the particular individual nor to represent an amount payable to the particular individual, and (i) the cost of the shares to the particular individual is deemed to be nil. Demutualization of Insurance Corporations Acquisition of control
For the purposes of subsections 10(10), 13(21.2) and (24) and 18(15), sections 18.1 and 37, subsection 40(3.4), the definition of specified loss in section 54, section 55, subsections 66(11), (11.4) and (11.5), 66.5(3) and 66.7(10) and (11), section 80, paragraph 80.04(4)(h), subsections 85(1.2) and 88(1.1) and (1.2), sections 111 and 127 and subsections 249(4) and 256(7), control of an insurance corporation (and each corporation controlled by it) is deemed not to be acquired solely because of the acquisition of shares of the capital stock of the insurance corporation, in connection with the demutualization of the insurance corporation, by a particular corporation that at a particular time becomes a holding corporation in connection with the demutualization where, immediately after the particular time, (a) the particular corporation is not controlled by any person or group of persons; and (b) 95% of the fair market value of all the assets of the particular corporation is less than the total of the amounts each of which is (ii) the amount of a deposit, with a financial institution, of such money standing to the credit of the particular corporation, (iii) the fair market value of a bond, debenture, note or similar obligation that is owned by the particular corporation that had, at the time of its acquisition, a maturity date of not more than 24 months after that time, or (iv) the fair market value of a share of the capital stock of the insurance corporation held by the particular corporation. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2000, c. 19, s. 38; 2016, c. 12, s. 50. Mutual holding corporations
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2000, c. 19, s. 38. Deductions in computing income
(a) paid or unconditionally credited to the policyholder; or (b) applied in discharge, in whole or in part, of a liability of the policyholder to pay premiums to the corporation. Inclusion in computing income
leur paiement, la fiducie soit réputée être visée au paragraphe (6); toutefois lorsque la juste valeur marchande, immédiatement après le décès du contribuable, de l’ensemble des biens ainsi énumérés excède le total des dettes non admissibles du contribuable (l’excédent étant appelé « excédent de valeur » au présent paragraphe) et que le représentant légal du contribuable indique dans la déclaration du contribuable un de biens ainsi énumérés, autre que de l’argent, qui est une immobilisation autre qu’un bien amortissable : (iii) le montant du gain en capital ou de la perte en capital du contribuable résultant de la disposition de ce bien et réputé, en vertu du paragraphe (5), avoir été réalisé par lui est la fraction de ce gain en capital ou de cette perte en capital résultant de la disposition représentée par le rapport entre : (A) d’une part, l’excédent de la juste valeur marchande de ce bien immédiatement après le décès du contribuable sur l’excédent de valeur, et (B) d’autre part, la juste valeur marchande de ce bien immédiatement après le décès du contribuable, (iv) le coût supporté par la fiducie pour ce bien est : (A) si le contribuable a tiré un gain en capital de la disposition de ce bien qu’aux termes du paragraphe (5) il est réputé avoir faite, le total des montants suivants : (I) son prix de base rajusté pour le contribuable immédiatement avant son décès, (II) le montant déterminé en vertu de sous-alinéa (iii) comme étant le gain en capital du contribuable, tiré de la disposition de ce bien, (B) si le contribuable a subi une perte en capital de la disposition de ce bien qu’aux termes du paragraphe (5) il est réputé avoir faite, l’excédent du montant visé à la subdivision (I) sur le montant visé à la subdivision (II) : (I) son prix de base rajusté pour le contribuable immédiatement avant son décès, (II) le montant déterminé en vertu de sous-alinéa (iii) comme étant la perte en capital du contribuable, résultant de la disposition de ce bien. Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
There shall be included in computing the income of an insurance corporation, whether a mutual corporation or a joint stock company, from carrying on an insurance business for its first taxation year that commences after June 17, 1987 and ends after 1987 (in this subsection referred to as its “1988 taxation year”) the amount, if any, by which (a) the total of all amounts each of which is an amount deducted by the corporation in computing its income for a taxation year ending before its 1988 taxation year pursuant to paragraph 140(1)(c) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, or pursuant to that paragraph by reason of subparagraph 138(3)(a)(v) of that Act as it read in respect of those taxation years in respect of amounts credited to the account of the policyholder on terms that the policyholder is entitled to payment thereof on or before the expiration or termination of the policy (b) the total of all amounts each of which is an amount paid or unconditionally credited to a policyholder or applied in discharge, in whole or in part, of a liability of the policyholder to pay premiums to the corporation before the corporation’s 1988 taxation year in respect of the amounts credited to the account of the policyholder referred to in paragraph 140(2)(a). [NOTE: Application provisions are not included in the consolidated text;
Meaning of certain expressions in s. (7)
Life insurance corporation deemed to be public corporation
In subsection 70(7), When subsection (9.01) applies Impôt sur le revenu
Notwithstanding any other provision of this Act, a life insurance corporation that is resident in Canada is deemed to be a public corporation. Holding corporation deemed to be public corporation
A corporation resident in Canada that is a holding corporation because of its acquisition of shares in connection with the demutualization of a life insurance corporation resident in Canada is deemed to be a public corporation at each time in the specified period of the holding corporation at which the holding corporation would have satisfied conditions prescribed under subparagraph (b)(i) of the definition public corporation in subsection 89(1) if the words “shareholders, the dispersal of ownership of its shares and the public trading of its shares” in that subparagraph were read as “shareholders and the dispersal of ownership of its shares”. (a) begins at the time the corporation becomes a holding corporation; and (b) ends at the first time the corporation is a public corporation because of any provision of this Act other than subsection (3). Exclusion from taxable Canadian property
For the purpose of paragraph (d) of the definition taxable Canadian property in subsection 248(1), a share of the capital stock of a corporation is deemed to be listed at any time on a designated stock exchange if (a) the corporation is (i) a life insurance corporation resident in Canada that has demutualized and that, at that time, would have satisfied conditions prescribed under subparagraph (b)(i) of the definition public corporation in subsection 89(1) if the words “shareholders, the dispersal of ownership of its shares and the public trading of its shares” in that subparagraph were read as “shareholders and the dispersal of ownership of its shares”, or Demutualization of Insurance Corporations (ii) a holding corporation that is deemed by subsection (3) to be a public corporation at that time; (b) no share of the capital stock of the corporation is listed on any stock exchange at that time; and (c) that time is not later than six months after the time of the demutualization of (i) the corporation, where the corporation is a life insurance corporation, and (ii) in any other case, the life insurance corporation in respect of which the corporation is a holding corporation. Deemed not to be a private corporation
Sens de certaines expressions au par. (7)
excluded property of a taxpayer for a taxation year means property, held at any time in the taxation year by the taxpayer, that is (a) a share of the capital stock of a corporation if, at any time in the taxation year, the taxpayer has a significant interest in the corporation, (b) a property that is, at all times in the taxation year at which the taxpayer held the property, a prescribed payment card corporation share of the taxpayer, (c) if the taxpayer is an investment dealer, a property that is, at all times in the taxation year at which the taxpayer held the property, a prescribed securities exchange investment of the taxpayer, (i) control of the corporation is, at any time (referred to in this paragraph as the “acquisition of control time”) that is in the 24-month period that begins immediately after the end of the year, acquired by (A) the taxpayer, (B) one or more persons related to the taxpayer (otherwise than by reason of a right referred to in paragraph 251(5)(b)), or (C) the taxpayer and one or more persons described in clause (B), and (ii) the taxpayer elects in writing to have subparagraph (i) apply and files the election with the Minister on or before the taxpayer’s filing-due date for the taxpayer’s taxation year that includes the acquisition of control time, or fair value property of a taxpayer for a taxation year means property, held at any time in the taxation year by the taxpayer, that is — or it is reasonable to expect would, if the taxpayer held the property at the end of the taxation year, be — valued (otherwise than solely because its fair value was less than its cost to the taxpayer or, if the property is a specified debt obligation, because of a default of the debtor) in accordance with generally accepted accounting principles, at its fair value (determined in accordance with those principles) in the taxpayer’s balance sheet as at the end of the taxation year; (bien évalué à sa juste valeur) financial institution at any time means (a) a corporation that is, at that time, (i) a corporation referred to in any of paragraphs (a) to (e.1) of the definition restricted financial institution in subsection 248(1), (iii) a corporation controlled by one or more persons or partnerships each of which is a financial institution at that time, other than a corporation the control of which was acquired by reason of the default of a debtor where it is reasonable to consider that control is being retained solely for the purpose of minimizing any losses in respect of the debtor’s default, and (b) a trust or partnership more than 50% of the fair market value of all interests in which are held at that time by one or more financial institutions, but does not include (c) a corporation that is, at that time, (i) an investment corporation, (iii) a mutual fund corporation, or (iv) a deposit insurance corporation (as defined in subsection 137.1(5)), mark-to-market property of a taxpayer for a taxation year means property (other than an excluded property) held at any time in the taxation year by the taxpayer that is (b) if the taxpayer is not an investment dealer, a specified debt obligation that is a fair value property of the taxpayer for the taxation year, specified debt obligation of a taxpayer means the interest held by the taxpayer in (b) a debt obligation, where the taxpayer purchased the interest, other than an interest in (d) an instrument issued by or made with a person to whom the taxpayer is related or with whom the taxpayer does not otherwise deal at arm’s length, or in which the taxpayer has a significant interest. (titre de créance déterminé) tracking property of a taxpayer means property of the taxpayer the fair market value of which is determined primarily by reference to one or more criteria in respect of property (referred to in this definition as “tracked property”) that, if owned by the taxpayer, would be mark-to-market property of the taxpayer, which criteria are (a) the fair market value of the tracked property, (b) the profits or gains from the disposition of the tracked property, (c) the revenue, income or cash flow from the tracked property, or Significant interest
Pour l’application du paragraphe (7): a) la juste valeur marchande, à un moment donné, d’un bien grevé d’une hypothèque correspond à l’excédent éventuel de la juste valeur marchande du bien, à ce moment, déterminée par ailleurs, sur le montant dû à ce moment sur la dette garantie par l’hypothèque; b) dette non admissible, à l’égard d’un contribuable qui, sans le paiement ou la disposition prévoyant le paiement de dettes testamentaires déterminées à l’égard du contribuable, serait une fiducie visée au paragraphe (6), s’entend d’une telle dette testamentaire relative au contribuable, autre que: (i) un droit sur les biens transmis par décès payable, par suite du décès du contribuable, pour un bien de la fiducie ou un droit relatif à celui-ci, (ii) une dette garantie par une hypothèque grevant un bien appartenant au contribuable immédiatement avant son décès; c) dette testamentaire, à l’égard d’un contribuable qui est décédé, s’entend: (i) de toute dette du contribuable ou de toute autre obligation que le contribuable de verser une somme qui était due immédiatement avant son décès, (ii) de toute somme (autre qu’une somme payable à une personne en tant que bénéficiaire de sa succession) payable par la succession par suite de son décès, y compris de tout impôt sur le revenu ou les bénéfices payable par le contribuable ou à son égard pour toute année d’imposition au cours de laquelle il est décédé ou pour les années d’imposition antérieures, et de tout droit sur les biens transmis par décès payable par suite de son décès. Application du par. (9.01)
For the purposes of the definitions excluded property and specified debt obligation in subsection (1) and subsection 142.6(1.6), a taxpayer has a significant interest in a corporation at any time if (a) the taxpayer is related (otherwise than because of a right referred to in paragraph 251(5)(b)) to the corporation at that time; or (b) the taxpayer holds, at that time, Participation notable (i) shares of the corporation that give the taxpayer 10% or more of the votes that could be cast under all circumstances at an annual meeting of shareholders of the corporation, and (ii) shares of the corporation having a fair market value of 10% or more of the fair market value of all the issued shares of the corporation. Rules re significant interest
Le paragraphe (9.01) s’applique à un contribuable et à son enfant, relativement à un fonds de terre ou à un bien amortissable d’une catégorie prescrite du contribuable, situés au Canada et auxquels le paragraphe (5) s’appliquerait en l’absence du présent paragraphe, si les conditions suivantes sont réunies: a) avant le décès du contribuable, le bien était utilisé principalement dans le cadre d’une entreprise agricole fraction non amortie du coût en capital des biens de cette catégorie pour le contribuable que représente le coût en capital du bien pour lui par rapport au coût en capital, pour lui, de l’ensemble des biens de cette catégorie dont il n’avait pas été disposé à ce moment ou antérieurement, (II) si le bien est un bien-fonds (sauf celui auquel la subdivision (I) s’applique), le prix de base rajusté du bien pour le contribuable immédiatement avant le moment de sa disposition, (iii) l’enfant est réputé, immédiatement après le moment de la disposition du bien, avoir acquis le bien à un coût égal au produit de disposition que le contribuable est réputé avoir reçu au titre de la disposition du bien, déterminé selon le sous-alinéa (ii), (iv) si le bien était un bien amortissable d’une catégorie prescrite, les alinéas (5)c) et d) s’appliquent au contribuable et à l’enfant relativement au bien comme si les mentions « l’alinéa a) » et « l’alinéa b) » y étaient remplacées respectivement par « le sous-alinéa (9.01)a)(ii) » et « le sous-alinéa (9.01)a)(iii) »; b) si le représentant légal du contribuable fait un choix, dans la déclaration de revenu du contribuable produite en vertu de la présente partie pour l’année d’imposition de son décès, afin que le présent alinéa s’applique au contribuable relativement au bien : (i) les alinéas (5)a) et b) et l’article 69 ne s’appliquent pas au contribuable ni à l’enfant relativement au bien, (ii) le contribuable est réputé : (A) d’une part, avoir disposé du bien immédiatement avant son décès, (B) d’autre part, avoir reçu, au moment de la disposition du bien et au titre de cette disposition, un produit de disposition égal à chacune des sommes suivantes qui est applicable : (I) lorsque le bien était un bien amortissable d’une catégorie prescrite, la somme désignée par le représentant légal, laquelle n’est ni supérieure à la plus élevée des sommes ci-après, ni inférieure à la moins élevée de ces sommes : 1 la juste valeur marchande du bien immédiatement avant le moment de la disposition du bien, 2 le moindre du coût en capital du bien pour le contribuable et de l’une des sommes : 1 la juste valeur marchande du bien immédiatement avant le moment de sa disposition, 2 le coût en capital du bien pour le contribuable ou, si elle est moins élevée, la somme, déterminée immédiatement avant le moment de la disposition du bien, qui correspond à la proportion de la fraction non amortie du coût en capital des biens de cette catégorie pour le contribuable que représente le coût en capital du bien pour lui par rapport au coût en capital, pour lui, de l’ensemble des biens de cette catégorie dont il n’avait pas été disposé à ce moment ou antérieurement, (II) lorsque le bien est un bien de terre (sauf celui auquel la subdivision (I) s’applique), la somme désignée par le représentant légal, laquelle n’est ni supérieure à la plus élevée des sommes ci-après, ni inférieure à la moins élevée de ces sommes : 1 la juste valeur marchande du bien immédiatement avant le moment de sa disposition, 2 le prix de base rajusté du bien pour le contribuable immédiatement avant le moment de sa disposition, (iii) l’enfant est réputé, immédiatement après le moment de la disposition du bien, avoir acquis le bien à un coût égal au produit de disposition que le contribuable est réputé avoir reçu au titre de la disposition du bien, déterminé selon le sous-alinéa (ii), (iv) si le bien était un bien amortissable d’une catégorie prescrite, les alinéas (5)(c) et (d) s’appliquent au contribuable relativement au bien comme si les mentions à « l’alinéa a) » et à « l’alinéa b) » y étaient remplacées par « le sous-alinéa (9.01)(b)(ii) » et « le sous-alinéa (9.01)(b)(iii) », (v) sauf pour l’application du présent sous-alinéa : (A) si la somme désignée par le représentant légal du contribuable selon la subdivision (ii)(B)(I) excède la plus élevée des sommes déterminées selon les sous-subdivisions (ii)(B)(I)1 et 2 relativement au bien, la somme désignée est réputée être égale à la plus élevée de ces sommes, (B) si la somme désignée par le représentant légal du contribuable selon la subdivision When subsection (9.11) applies (d) the child of the settlor is, immediately before the beneficiary’s death, resident in Canada; and (vi) sauf pour l’application du présent sous-alinéa : (A) si la somme désignée par le représentant légal du contribuable selon la subdivision (ii)(B)(I) est inférieure à la moins élevée des sommes déterminées selon les sous-subdivisions (ii)(B)(I)1 et 2 relativement au bien, la somme désignée est réputée être égale à la moins élevée de ces sommes, (B) si la somme désignée par le représentant légal du contribuable selon la subdivision (ii)(B)(II) est inférieure à la moins élevée des sommes déterminées selon les sous-subdivisions (ii)(B)(II)1 et 2 relativement au bien, la somme désignée est réputée être égale à la moins élevée de ces sommes. Application du par. (9.11) (9.1) Le paragraphe (9.11) s’applique à une fiducie et à un enfant de l’auteur de la fiducie, relativement à un bien à l’égard duquel les paragraphes 104(4) ou (5) s’appliqueraient à la fiducie, en l’absence du présent paragraphe, par suite du décès du bénéficiaire de la fiducie qui était l’époux ou conjoint de fait de l’auteur, si les conditions suivantes sont remplies : a) le bien, ou un bien qui lui est substitué, a été transféré à la fiducie par l’auteur; b) le paragraphe (6), le paragraphe 73(1) (dans sa version applicable aux transferts effectués avant 2000) ou le sous-alinéa 73(1.01)c)(i) se sont appliqués à l’auteur et à la fiducie pour ce qui est du transfert visé à l’alinéa a); c) le bien est, immédiatement avant le décès du bénéficiaire, un fonds ou un bien amortissable d’une catégorie prescrite de la fiducie, qui était utilisé dans une entreprise agricole ou de pêche exploitée au Canada; d) l’enfant de l’auteur réside au Canada immédiatement avant le décès du bénéficiaire; e) par suite du décès du bénéficiaire, le bien est transféré à l’enfant de l’auteur, et il est dévolu à ce dernier, dans la période se terminant 36 mois après le décès ou, si le représentant légal du contribuable en fait la demande écrite au ministre dans ce délai, Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
For the purpose of determining under subsection 142.2(2) whether a taxpayer has a significant interest in a corporation at any time, (a) the taxpayer shall be deemed to hold each share that is held at that time by a person or partnership to whom the taxpayer is related (otherwise than because of a right referred to in paragraph 251(5)(b)); (b) a share of the corporation acquired by the taxpayer by reason of the default of a debtor shall be disregarded where it is reasonable to consider that the share is being retained for the purpose of minimizing any losses in respect of the debtor’s default; and (c) a share of the corporation that is prescribed in respect of the taxpayer shall be disregarded. Extension of meaning of related
Impôt sur le revenu
For the purposes of this subsection and subsections (2) and (3), in determining if, at a particular time, a person or partnership is related to another person or partnership, the rules in section 251 are to be applied as if, (a) a partnership (other than a partnership in respect of which any amount of the income or capital of the partnership that any entity may receive directly from the partnership at any time as a member of the partnership depends on the exercise by any entity of, or the failure by any entity to exercise, a discretionary power) were a corporation having capital stock of a single class divided into 100 issued shares and each member of the partnership owned, at the particular time, that proportion of the issued shares of that class that (i) the fair market value of the member’s interest in the partnership at the particular time is of (ii) the fair market value of all interests in the partnership at the particular time; and (b) a trust (other than a trust in respect of which any amount of the income or capital of the trust that any entity may receive directly from the trust at any time as a beneficiary under the trust depends on the exercise by any entity of, or the failure by any entity to exercise, a discretionary power) where a corporation having capital stock of a single class divided into 100 issued shares and each beneficiary under the trust owned, at the particular time, that proportion of the issued shares of that class that (i) the fair market value of the beneficiary’s beneficial interest in the trust at the particular time is of (ii) the fair market value at that time of all beneficial interests in the trust. Income from Specified Debt Obligations Amounts to be included and deducted
(a) there shall be included in computing the income of the taxpayer for the year the amount, if any, prescribed in respect of the obligation; (b) there shall be deducted in computing the income of the taxpayer for the year the amount, if any, prescribed in respect of the obligation; and (c) except as provided by this section, paragraphs 12(1)(d) and (i) and 20(1)(j) and (p) and section 142.4, no amount shall be included or deducted in respect of payments under the obligation (other than fees and similar amounts) in computing the income of the taxpayer for the year. Failure to report accrued amounts (a) a taxpayer holds a specified debt obligation at any time in a particular taxation year in which the taxpayer is a financial institution, and (b) all or part of an amount required by paragraph 142.3(1)(a) or subsection 12(3) to be included in respect of the obligation in computing the taxpayer’s income for a preceding taxation year was not so included, that part of the amount shall be included in computing the taxpayer’s income for the particular year, to the extent that it was not included in computing the taxpayer’s income for a preceding taxation year.
Subsections 142.3(1) and (2) do not apply for a taxation year in respect of a taxpayer’s specified debt obligation that is (b) an indexed debt obligation, other than a prescribed obligation.
Subsection 142.3(1) does not apply to a taxpayer in respect of a specified debt obligation for a taxation year throughout which the obligation is impaired where an amount in respect of the obligation is deductible because of subparagraph 20(1)(ii) in computing the taxpayer’s income for the year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1995, c. 21, s. 58; 1998, c. 19, s. 164. tax basis of a specified debt obligation at any time to a taxpayer means the amount, if any, by which the total of all amounts each of which is (a) the cost of the obligation to the taxpayer, (b) an amount included under subsection 12(3) or 16(2) or 16(3), paragraph 142.3(1)(a) or subsection 142.3(2) in respect of the obligation in computing the taxpayer’s income for a taxation year that began before that time, (c) subject to subsection 138(13), where the taxpayer acquired the obligation in a taxation year ending before February 23, 1994, the part of the amount, if any, by which (i) the principal amount of the obligation at the time it was acquired (ii) the cost to the taxpayer of the obligation that was included in computing the taxpayer's income for a taxation year ending before February 23, 1994, (d) subject to subsection 138(13), where the taxpayer is a life insurer, an amount in respect of the obligation that was deemed by paragraph 142(3)(a) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as it read in its application to the 1977 taxation year, to be a gain for a taxation year ending before 1978, (e) where the obligation is an indexed debt obligation, an amount determined under subparagraph 16(6)(a)(i) in respect of the obligation and included in computing the income of the taxpayer for a taxation year beginning before that time, (f) an amount in respect of the obligation that was included in computing the taxpayer's income for a taxation year ending at or before that time in respect of changes in the value of the obligation attributable to the fluctuation in the value of a currency or currencies other than Canadian relative to Canadian currency, other than an amount included under paragraph 142.3(1)(a), (g) an amount in respect of the obligation that was included under paragraph 12(1)(j) in computing the taxpayer's income for a taxation year beginning before that time, or (h) where the obligation was a capital property of the taxpayer on February 22, 1994, an amount required by paragraph 53(1)(f) or 53(1)(f.1) to be added in computing the adjusted cost base of the obligation to the taxpayer on that day exceeds the total of all amounts each of which is (i) an amount deducted under paragraph 142.3(1)(b) in respect of the obligation in computing the taxpayer's income for a taxation year beginning before that time, (j) the amount of a payment received by the taxpayer under the obligation at or before that time, other than (i) a fee or similar payment, and (k) subject to subsection 138(13), where the taxpayer acquired the obligation in a taxation year ending before February 23, 1994, the part of the amount, if any, by which (i) the cost to the taxpayer of the obligation (ii) the principal amount of the obligation at the time it was acquired that was deducted in computing the taxpayer’s income for a taxation year ending before February 23, 1994, (l) subject to subsection 138(13), where the taxpayer is a life insurer, an amount in respect of the obligation that was deemed by paragraph 142(3)(b) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as it read in its application to the 1977 taxation year, to be a loss for a taxation year ending before 1978, (m) an amount that was deducted under subsection 20(14) in respect of the obligation in computing the taxpayer’s income for a taxation year beginning before that time, (n) where the obligation is an indexed debt obligation, an amount determined under subparagraph 16(6)(a)(ii) in respect of the obligation and deducted in computing the income of the taxpayer for a taxation year beginning before that time, (o) an amount in respect of the obligation that was deducted in computing the taxpayer’s income for a taxation year ending at or before that time in respect of changes in the value of the obligation attributable to the fluctuation in the value of a currency of a country other than Canada relative to Canadian currency, other than an amount deducted under paragraph 142.3(1)(b), (p) an amount in respect of the obligation that was deducted under paragraph 20(1)(p) in computing the taxpayer’s income for a taxation year ending at or before that time, or (q) where the obligation was a capital property of the taxpayer on February 22, 1994, an amount required by paragraph 53(2)(b.2) or 53(2)(g) to be deducted in computing the adjusted cost base of the obligation to the taxpayer on that day; (montant de base) transition amount of a taxpayer in respect of the disposition of a specified debt obligation has the meaning assigned by regulation. (montant de transition)
un délai plus long que le ministre considère acceptable dans les circonstances. Transfert d’un bien agricole ou de pêche de la fiducie aux enfants de l’auteur (9.11) Si, par l’effet du paragraphe (9.1), le présent paragraphe s’applique à la fiducie et à un enfant de l’auteur de la fiducie, relativement à un bien de la fiducie qui a été distribué à l’enfant par suite du décès du bénéficiaire de la fiducie qui était l’époux ou le conjoint de fait de l’auteur, les règles suivantes s’appliquent : a) si la fiducie ne fait pas le choix, dans sa déclaration de revenu produite en vertu de la présente partie pour l’année d’imposition du décès du bénéficiaire, de faire l’alinéa b) s’applique à elle relativement au bien : (i) les paragraphes 104(4) et (5) et l’article 69 ne s’appliquent pas à la fiducie ni à l’enfant relativement au bien, (ii) la fiducie est réputée : (A) d’une part, avoir disposé du bien immédiatement avant le décès du bénéficiaire, (B) d’autre part, avoir reçu, au moment de la disposition et au titre de cette disposition, un produit de disposition égal à celle des sommes suivantes qui est applicable : (I) lorsque le bien était un bien amortissable d’une catégorie prescrite, la moins élevée des sommes suivantes : 1 le coût en capital du bien pour la fiducie, 2 la somme, déterminée immédiatement avant le moment de la disposition du bien, qui correspond à la proportion de la fraction non amortie du coût en capital des biens de cette catégorie pour la fiducie que représente le coût en capital du bien pour elle par rapport au coût en capital, pour elle, de l’ensemble des biens de cette catégorie dont il n’avait pas été disposé à ce moment ou antérieurement, (II) lorsque le bien est un fonds de terre (sauf celui auquel la subdivision (I) s’applique), le prix de base rajusté du bien pour la fiducie immédiatement avant le moment de sa disposition, (iii) l’enfant est réputé, immédiatement après le moment de la disposition du bien, avoir acquis le bien à un coût égal au produit de disposition que la of the property determined under subparagraph (ii); fiducie est réputée avoir reçu au titre de la disposition du bien, déterminé selon le sous-alinéa (ii); b) si la fiducie fait un choix, dans sa déclaration de revenu produite en vertu de la présente partie pour l’année d’imposition du décès du bénéficiaire, afin que le présent alinéa s’applique à elle relativement au bien : (i) les paragraphes 104(4) et (5) ne s’appliquent pas à elle relativement au bien, (ii) la fiducie est réputée : (A) d’une part, avoir disposé du bien immédiatement avant le décès du bénéficiaire, (B) d’autre part, avoir reçu, au moment de la disposition du bien et au titre de cette disposition, un produit de disposition égal à celle des sommes suivantes qui est applicable : (I) lorsque le bien était un bien amortissable d’une catégorie prescrite, la somme désignée par la fiducie, laquelle somme ne n’est ni supérieure à la plus élevée des sommes ci-après, ni inférieure à la moins élevée de ces sommes : 1 la juste valeur marchande du bien immédiatement avant le moment de sa disposition, 2 le coût en capital du bien pour la fiducie ou, si elle est moins élevée, la somme, déterminée immédiatement avant le moment de la disposition du bien, qui correspond à la proportion de la fraction non amortie du coût en capital des biens de cette catégorie pour la fiducie que représente le coût en capital du bien pour elle par rapport au coût en capital, pour elle, de l’ensemble des biens de cette catégorie dont il n’avait pas été disposé à ce moment ou avant ce moment, (II) lorsque le bien est un fonds de terre (sauf celui auquel la subdivision (I) s’applique), la somme désignée par la fiducie, laquelle somme n’est ni supérieure à la plus élevée des sommes ci-après, ni inférieure à la moins élevée de ces sommes : 1 la juste valeur marchande du bien immédiatement avant le moment de sa disposition, proceeds of disposition in respect of the disposition of the property determined under subparagraph (ii), 2 le prix de base rajusté du bien pour la fiducie immédiatement avant le moment de sa disposition, (iii) l’enfant est réputé, immédiatement après le moment de la disposition du bien, avoir acquis le bien à un coût égal au produit de disposition que la fiducie est réputée avoir reçu au titre de la disposition du bien, déterminé selon le sous-alinéa (ii), (iv) sauf pour l’application du présent sous-alinéa : (A) si la somme désignée par la fiducie selon la subdivision (ii)(B)(I) excède la plus élevée des sommes déterminées selon les sous-subdivisions (ii)(B)(I)1 et 2 relativement au bien, la somme désignée est réputée être égale à la plus élevée de ces sommes, (B) si la somme désignée par la fiducie selon la subdivision (ii)(B)(II) excède la plus élevée des sommes déterminées selon les sous-subdivisions (ii)(B)(II)1 et 2 relativement au bien, la somme désignée est réputée être égale à la plus élevée de ces sommes; (v) sauf pour l’application du présent sous-alinéa : (A) si la somme désignée par la fiducie selon la subdivision (ii)(B)(I) est inférieure à la moins élevée des sommes déterminées selon les sous-subdivisions (ii)(B)(I)1 et 2 relativement au bien, la somme désignée est réputée être égale à la moins élevée de ces sommes, (B) si la somme désignée par la fiducie selon la subdivision (ii)(B)(II) est inférieure à la moins élevée des sommes déterminées selon les sous-subdivisions (ii)(B)(II)1 et 2 relativement au bien, la somme désignée est réputée être égale à la moins élevée de ces sommes; c) si l’alinéa a) ou b) (appelé chacun « disposition applicable » au présent paragraphe) s’est appliqué à la fiducie relativement à un bien qui était un bien amortissable d’une catégorie prescrite (sauf un bien dont le produit de disposition pour la fiducie selon la disposition applicable est déterminé selon le paragraphe 13(21.1)) : (i) le coût en capital du bien pour l’enfant, immédiatement après le moment de la disposition, est réputé correspondre à son coût en capital pour la fiducie, immédiatement avant le moment de la disposition, Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
This section applies to the disposition of a specified debt obligation by a taxpayer that is a financial institution, except that this section does not apply to the disposition of a specified debt obligation that is a mark-to-market property for the taxation year in which the disposition occurs.
(d) where the relevant provision applied to the trust in respect of a property and the trust’s proceeds of disposition in respect of the disposition of the property determined under the relevant provision are redetermined under subsection 13(21.1), notwithstanding the relevant provision, When subsection (9.21) applies Impôt sur le revenu
Where a taxpayer has disposed of a specified debt obligation after February 22, 1994, (a) except as provided by paragraph 79.1(7)(d) or this section, no amount shall be included or deducted in respect of the disposition in computing the taxpayer’s income; and (b) except where the obligation is an indexed debt obligation (other than a prescribed obligation), paragraph 20(14)(a) shall not apply in respect of the disposition. Inclusions and deductions re disposition (a) where the transition amount in respect of the disposition of the obligation is positive, it shall be included in computing the income of the taxpayer for the year; (b) where the transition amount in respect of the disposition of the obligation is negative, the absolute value of the transition amount shall be deducted in computing the income of the taxpayer for the year; (c) where the taxpayer has a gain from the disposition of the obligation, (i) the current amount of the gain shall be included in computing the income of the taxpayer for the year, and (ii) there shall be included in computing the taxpayer’s income for taxation years that end on or after the day of disposition the amount allocated, in accordance with prescribed rules, to the year in respect of the residual portion of the gain; and (i) the current amount of the loss shall be deducted in computing the taxpayer’s income for the year, and (ii) there shall be deducted in computing the taxpayer’s income for taxation years that end on or after the day of disposition the amount allocated, in accordance with prescribed rules, to the year in respect of the residual portion of the loss.
Where after February 22, 1994 a taxpayer disposes of a specified debt obligation in a taxation year, and (a) the obligation is (i) an indexed debt obligation (other than a prescribed obligation), or (b) the disposition occurred (ii) after 1994 in connection with the transfer of all or part of a business of the taxpayer to a person or partnership, or (c) in the case of a taxpayer other than a life insurance corporation, (i) the disposition occurred before 1996, and (ii) the taxpayer elects in writing, filed with the Minister before July 1997, to have this paragraph apply, the following rules apply: (e) there shall be included in computing the taxpayer’s income for the year the amount, if any, by which the taxpayer’s proceeds of disposition exceed the tax basis of the obligation to the taxpayer immediately before the disposition, and (f) there shall be deducted in computing the taxpayer’s income for the year the amount, if any, by which the tax basis of the obligation to the taxpayer immediately before the disposition exceeds the taxpayer’s proceeds of disposition. Gain or loss from disposition of obligation
For the purposes of this section, (a) where the amount determined under paragraph 142.46(c) in respect of the disposition of a specified debt obligation by a taxpayer is positive, that amount is the taxpayer’s gain from the disposition of the obligation; (b) where the amount determined under paragraph 142.46(c) in respect of the disposition of a specified debt obligation by a taxpayer is negative, the absolute value of that amount is the taxpayer’s loss from the disposition of the obligation; and (c) the amount determined under this paragraph in respect of the disposition of a specified debt obligation by a taxpayer is the positive or negative amount determined by the formula A is the taxpayer’s proceeds of disposition, B is the tax basis of the obligation to the taxpayer immediately before the time of disposition, and C is the taxpayer’s transition amount in respect of the disposition. Current amount (a) where the taxpayer has a gain from the disposition of the obligation, the part, if any, of the gain that is reasonably attributable to a material increase in the probability, or perceived probability, that the debtor will make all payments as required by the obligation; and (b) where the taxpayer has a loss from the disposition of the obligation, the amount that the taxpayer claims not exceeding the part, if any, of the loss that is reasonably attributable to a default by the debtor or a material decrease in the probability, or perceived probability, that the debtor will make all payments as required by the obligation.
For the purpose of subsection 142.4(4), the residual portion of a taxpayer’s gain or loss from the disposition of a specified debt obligation is the amount, if any, by which the gain or loss exceeds the current amount of the gain or loss.
(ii) l’excédent éventuel du coût en capital du bien pour la fiducie, immédiatement avant le moment de la disposition, sur la somme qui, selon la disposition applicable, correspond au coût du bien pour l’enfant, immédiatement après le moment de la disposition, est réputé, pour l’application des articles 13 et 20 et de toute disposition réglementaire prise pour l’application de l’alinéa 20(1)a), avoir été accordé à l’enfant relativement au bien en vertu des dispositions réglementaires prises pour l’application de l’alinéa 20(1)a) dans le calcul du revenu pour les années d’imposition s’étant terminées avant l’acquisition du bien par l’enfant; d) si la disposition applicable s’applique à la fiducie relativement au bien et que le produit de disposition qui elle est réputée avoir reçu au titre de la disposition du bien, déterminé selon la disposition applicable, a été déterminé selon le paragraphe 13(21.1), malgré la disposition applicable : (i) dans les cas où le coût en capital du bien pour la fiducie, immédiatement avant le moment de la disposition, excède la somme redéterminée selon le paragraphe 13(21.1), pour l’application des articles 13 et 20 et de toute disposition réglementaire prise pour l’application de l’alinéa 20(1)a) : (A) le coût en capital du bien pour l’enfant, immédiatement après le moment de la disposition, est réputé correspondre à son coût en capital pour la fiducie, immédiatement avant le moment de la disposition, (B) l’excédent éventuel du coût en capital du bien pour la fiducie, immédiatement avant le moment de la disposition, sur la somme déterminée selon le paragraphe 13(21.1) est réputé avoir été accordé à l’enfant relativement au bien en vertu des dispositions réglementaires prises pour l’application de l’alinéa 20(1)a) dans le calcul du revenu pour les années d’imposition s’étant terminées avant l’acquisition du bien par l’enfant, (ii) dans le cas où le bien est un fonds de terre, son coût pour l’enfant est réputé correspondre au produit de disposition du bien pour la fiducie, déterminé non selon le paragraphe 13(21.1). Application du par. (9.21) (9.2) Le paragraphe (9.21) s’applique à un contribuable et à son enfant, relativement à un bien du contribuable à l’égard duquel le paragraphe (5) s’appliquerait au contribuable et à l’enfant, en l’absence du présent paragraphe, si les conditions suivantes sont réunies : a) le bien était, immédiatement avant le décès du contribuable, une action du capital-actions d’une société agricole ou de pêche familiale du contribuable ou une participation dans une société de personnes agricole ou de pêche familiale du contribuable; b) l’enfant du contribuable résidait au Canada la veille du décès du contribuable; et c) par suite du décès du contribuable, le bien est transféré à l’enfant, et lui est dévolu irrévocablement, dans la période de 36 mois suivant ce décès ou, si le représentant légal du contribuable présente une demande au ministre dans ce délai, dans un délai plus long que le ministre considère raisonnable dans les circonstances. Transfert d’une société ou société de personnes agricole ou de pêche familiale (9.21) Si, par l’effet du paragraphe (9.2), le présent paragraphe s’applique au contribuable et à son enfant relativement à un bien du contribuable qui a été transféré à l’enfant par suite du décès du contribuable, les règles suivantes s’appliquent : a) si le représentant légal du contribuable ne fait pas de choix, dans la déclaration de revenu du contribuable produite en vertu de la présente partie pour l’année d’imposition de son décès, afin que l’alinéa b) s’applique au contribuable relativement au bien : (i) les alinéas (5)a) et (b) et l’article 69 ne s’appliquent pas au contribuable ni à l’enfant relativement au bien, (ii) si le bien est, immédiatement avant le décès du contribuable, une action du capital-actions d’une société agricole ou de pêche familiale du contribuable : (A) le contribuable est réputé : (I) d’une part, avoir disposé du bien immédiatement avant son décès, (II) d’autre part, avoir reçu, au titre de cette disposition, un produit de disposition égal au prix de base rajusté du bien pour lui immédiatement avant le moment de sa disposition, (B) l’enfant est réputé, immédiatement après le moment de la disposition, avoir acquis le bien à un coût égal au produit de disposition pour le contribuable au titre de cette disposition déterminé selon la division (A), Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
Where a taxpayer disposes of part of a specified debt obligation, section 142.3 and this section apply as if the part disposed of and the part retained were separate specified debt obligations. Penalties and bonuses
Impôt sur le revenu
Notwithstanding subsection 18(9.1), where a taxpayer that holds a specified debt obligation receives a penalty or bonus because of the repayment before maturity of all or part of the principal amount of the debt obligation, the payment is deemed to be received by the taxpayer as proceeds of disposition of the specified debt obligation. Payments received on or after disposition
For the purposes of this section, where at any time a taxpayer receives a payment (other than proceeds of disposition) under a specified debt obligation on or after the disposition of the obligation, the payment is deemed not to have been so received at that time but to have been so received immediately before the disposition. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; 1995, c. 21, s. 58; 1998, c. 19, s. 165.] Income treatment for profits and losses
(a) there shall be included in computing the taxpayer’s income for the year the profit, if any, from the disposition; and (b) there shall be deducted in computing the taxpayer’s income for the year the loss, if any, from the disposition.
Where a taxpayer that is a financial institution in a taxation year holds, at the end of the year, a mark-to-market property for the year, the taxpayer shall be deemed (a) to have disposed of the property immediately before the end of the year for proceeds equal to its fair market value at the time of disposition, and (b) to have reacquired the property at the end of the year at a cost equal to those proceeds. Mark-to-market debt obligation
1 la juste valeur marchande du bien immédiatement avant le décès du contribuable, 2 le prix de base rajusté du bien pour le contribuable immédiatement avant le moment de la disposition, (B) l’enfant est réputé, immédiatement après le moment de la disposition du bien, avoir acquis le bien à un coût égal au produit de disposition que le contribuable est réputé avoir reçu au titre de la disposition du bien, déterminé selon la division (A), (C) sauf pour l’application de la présente division, lorsque la somme désignée par le représentant légal du contribuable selon la subdivision (A)(II) excède la plus élevée des sommes déterminées selon les sous-subdivisions (A)(II)1 et 2 relativement au bien, la somme désignée est réputée être égale à la plus élevée de ces sommes, (D) sauf pour l’application de la présente division, lorsque la somme désignée par le représentant légal du contribuable selon la subdivision (A)(II) est inférieure à la moins élevée des sommes déterminées selon les sous-subdivisions (A)(II)1 et 2 relativement au bien, la somme désignée est réputée être égale à la moins élevée de ces sommes, (iii) si le bien est, immédiatement avant le décès du contribuable, une participation visée à l’alinéa (9.2)a) (sauf une participation à laquelle le paragraphe 100(3) s’applique) et que le représentant légal du contribuable fait un autre choix, dans la déclaration de revenu du contribuable produite en vertu de la présente partie pour l’année d’imposition où le décès survient, afin que le présent sous-alinéa s’applique au contribuable relativement au bien, (A) le contribuable est réputé, sauf pour l’application de l’alinéa 98(5)g), ne pas avoir disposé du bien du fait de son décès, (B) l’enfant est réputé avoir acquis le bien au moment du décès du contribuable à un coût égal au coût de la participation pour celui-ci immédiatement avant le moment qui précède le décès du contribuable, (C) chaque somme à ajouter ou à déduire, en application des paragraphes 53(1) ou (2), dans le calcul du prix de base rajusté du bien pour le contribuable, immédiatement avant son décès, When subsection (9.31) applies or (ii) [Repealed, 2014, c. 39, s. 13] (d) the child of the settlor was, immediately before that beneficiary’s death, resident in Canada; Application du par. (9.31) (9.3) Le paragraphe (9.31) s’applique à une fiducie et à l’enfant de l’auteur de la fiducie, relativement à un bien auquel le paragraphe 104(4) s’appliquerait, en l’absence du présent paragraphe, à la fiducie par suite du décès du bénéficiaire de la fiducie qui était l’époux ou le conjoint de fait de l’auteur de la fiducie, si les conditions suivantes sont réunies : a) le bien, ou un bien qui lui est substitué, a été transféré à la fiducie par l’auteur et était, immédiatement avant le transfert, une action du capital-actions d’une société agricole ou de pêche familiale de l’auteur ou une participation dans une société de personnes agricole ou de pêche familiale de l’auteur; b) le paragraphe (6), le paragraphe 73(1) (dans sa version applicable aux transferts effectués avant 2000) ou le sous-alinéa 73(1.01)c)(ii) se sont appliqués à l’auteur et à la fiducie relativement au transfert visé à l’alinéa a); c) le bien est, immédiatement avant le décès du bénéficiaire : (i) une action du capital-actions d’une société canadienne qui, immédiatement avant le décès du bénéficiaire, serait une action du capital-actions d’une société agricole ou de pêche familiale de l’auteur si celui-ci en était propriétaire à ce moment et si l’alinéa a) de la définition action du capital-actions d’une société agricole ou de pêche familiale au paragraphe (10) s’appliquait comme si les mots « dans laquelle le particulier ou son époux ou conjoint de fait, son enfant, son père ou sa mère était activement engagé de façon continue, sauf, s’il s’agit de biens utilisés dans le cadre de l’exploitation d’une érablière, dans la mesure requise par un plan d’aménagement forestier prescrit relativement à cette érablière », ou (ii) [Abrogé, 2014, ch. 39, art. 13] (iii) une participation dans une société de personnes qui exploitait au Canada une entreprise agricole ou de pêche dans laquelle elle utilisait la totalité ou la presque totalité des biens; (d) l’enfant de l’auteur résidait au Canada immédiatement avant le décès du bénéficiaire; e) par suite du décès du bénéficiaire, le bien est transféré à l’enfant, et lui est dévolu irrévocablement, dans la période de 36 mois suivant le décès du bénéficiaire ou, si le représentant légal du contribuable en fait la demande écrite au ministre dans ce délai, dans un délai plus long que le ministre considère acceptable dans les circonstances. Transfert d’une société ou société de personnes agricole ou de pêche familiale de la fiducie aux enfants de l’auteur (9.31) Si, par l’effet du paragraphe (9.3), le présent paragraphe s’applique à la fiducie et à un enfant de l’auteur de la fiducie relativement à un bien de la fiducie qui a été distribué à l’enfant par suite du décès du bénéficiaire de la fiducie qui était l’époux ou le conjoint de fait de l’auteur de la fiducie, les règles suivantes s’appliquent : a) si la fiducie ne choisit pas, dans sa déclaration de revenu produite en vertu de la présente partie pour l’année d’imposition au cours de laquelle le bénéficiaire est décédé, que l’alinéa b) s’applique relativement au bien : (i) l’article 69 et le paragraphe 104(4) ne s’appliquent pas à la fiducie ni à l’enfant relativement au bien; (ii) si le bien est, immédiatement avant le décès du bénéficiaire, une action visée au sous-alinéa (9.3)c)(ii) : (A) la fiducie est réputée : (I) d’une part, avoir disposé du bien immédiatement avant le décès du bénéficiaire, (II) d’autre part, avoir reçu, au titre de cette disposition, un produit de disposition égal au prix de base rajusté du bien pour elle immédiatement avant le moment de la disposition, (B) l’enfant est réputé, immédiatement après le moment de la disposition, avoir acquis le bien à un coût égal au produit de disposition que la fiducie est réputée avoir reçu au titre de la disposition du bien, déterminé selon la division (A), (iii) si le bien est, immédiatement avant le décès du bénéficiaire, une participation visée au sous-alinéa (9.3)c)(iii) (sauf une participation à laquelle le paragraphe 100(3) s’applique) : (A) la fiducie est, sauf pour l’application de l’alinéa 98(5)g), réputée ne pas avoir disposé de (A) la fiducie est réputée, sauf pour l’application de l’alinéa 98(5)g), ne pas avoir disposé du bien par suite du décès du bénéficiaire, (B) l’enfant est réputé avoir acquis le bien au moment du décès du bénéficiaire à un coût égal au coût de la participation pour la fiducie immédiatement avant le moment qui est immédiatement avant le moment du décès du bénéficiaire, (C) chaque somme à ajouter ou à déduire, en application des paragraphes 53(1) ou (2), dans le calcul du prix de base rajusté du bien pour la fiducie, immédiatement avant le décès du bénéficiaire, est réputée être une somme à ajouter ou à déduire, en application de ces paragraphes, dans le calcul, au moment du décès du bénéficiaire ou postérieurement, du prix de base rajusté du bien pour l’enfant; b) si la fiducie fait un choix, dans sa déclaration de revenu produite en vertu de la présente partie pour l’année d’imposition où a lieu le décès du bénéficiaire, afin que le présent alinéa s’applique à elle relativement au bien : (i) le paragraphe 104(4) ne s’applique pas à elle relativement au bien et l’article 69 ne s’applique pas à elle ni à l’enfant relativement au transfert du bien, (ii) sous réserve du sous-alinéa (iii), si le bien est, immédiatement avant le décès du bénéficiaire, une action visée au sous-alinéa (9.3)c)(i) ou une participation visée au sous-alinéa (9.3)c)(iii) : (A) la fiducie est réputée : (I) d’une part, avoir disposé du bien immédiatement avant le décès du bénéficiaire, (II) d’autre part, avoir reçu, au moment de la disposition du bien et au titre de cette disposition, un produit de disposition égal à la somme que la fiducie désigne, laquelle somme n’est ni supérieure à la plus élevée des sommes suivantes, ni inférieure à la moins élevée de ces sommes : 1 la juste valeur marchande du bien immédiatement avant le décès du bénéficiaire, 2 le prix de base rajusté du bien pour la fiducie immédiatement avant le décès du bénéficiaire, (B) l’enfant est réputé, immédiatement après le moment de la disposition du bien, avoir acquis le Transfer to a parent Definitions
Where a taxpayer is a financial institution in a particular taxation year that begins after October 1994, the following rules apply with respect to a specified debt obligation that is a mark-to-market property of the taxpayer for the particular year: (b) there shall be included in computing the taxpayer’s income for the particular year an amount received by the taxpayer in the particular year as, on account of, in lieu of payment of, or in satisfaction of, interest on the obligation, to the extent that the interest was not included in computing the taxpayer’s income for a preceding taxation year; and (c) for the purpose of paragraph 142.5(3)(b), where the taxpayer was deemed by subsection 142.5(2) or paragraph 12(1)(b) to have disposed of the obligation in a preceding taxation year, no part of an amount included in computing the income of the taxpayer for that preceding year because of the disposition shall be considered to be in respect of interest on the obligation.
In this section, (a) a child of the taxpayer’s child, (b) a child of the taxpayer’s child’s child, grammaticales nécessaires, le paragraphe (9.01) ou (9.21), selon le cas, s’applique au transfert d’un bien si les conditions suivantes sont réunies : a) le bien a été acquis par un contribuable dans des circonstances où l’un des paragraphes (9.01), (9.11), (9.21), (9.31) et 73(3.1) et (4.1) s’est appliqué relativement à l’acquisition; b) le bien est transféré au père ou à la mère du contribuable par suite du décès de celui-ci; c) le représentant légal du contribuable en a fait le choix dans la déclaration de revenu du contribuable produite en vertu de la présente partie pour l’année d’imposition de son décès. Bien agricole ou de pêche loué (9.8) Pour l’application des paragraphes (9) et 73(3) et de l’alinéa b) de la définition de bien agricole ou de pêche admissible au paragraphe 110.6(1), un bien d’un particulier est réputé, à un moment donné, être utilisé par le particulier dans une entreprise agricole ou de pêche exploitée au Canada si, à ce moment, le bien est utilisé principalement dans le cadre de l’exploitation d’une telle entreprise au Canada : a) soit par une société dont une action du capital-actions est une action du capital-actions d’une société agricole ou de pêche familiale du particulier ou de son époux ou conjoint de fait, de son enfant, de son père ou de sa mère; b) soit par une société de personnes dont une participation est une participation dans une société de personnes agricole ou de pêche familiale du particulier ou de son époux ou conjoint de fait, de son enfant, de son père ou de sa mère. Définitions
For greater certainty, if a taxpayer is a financial institution in a taxation year and disposes of a share that is mark-to-market property of the taxpayer for the year, the taxpayer’s proceeds from the disposition do not include any amount that would otherwise be proceeds from the disposition to the extent that the amount is deemed by subsection 84(2) or (3) to be a dividend received except to the extent the dividend is deemed by subparagraph 88(2)(b)(ii) not to be a dividend. (a) in a particular taxation year that ends after October 30, 1994, a taxpayer disposed of a specified debt obligation that is a mark-to-market property of the taxpayer for the following taxation year, and (i) the disposition occurred because of subsection 142.5(2) and the particular year includes October 31, 1994, or (ii) the disposition occurred because of paragraph 142.6(1)(b), the following rules apply: (c) subsection 20(21) does not apply to the disposition, and (i) an amount has been deducted under paragraph 20(1)(p) in respect of the obligation in computing the taxpayer’s income for the particular year or a preceding taxation year, and (ii) section 12.4 does not apply to the disposition, there shall be included in computing the taxpayer’s income for the particular year the amount, if any, by which (iv) the total of all amounts included under paragraph 12(1)(i) in respect of the obligation in computing the taxpayer’s income for the particular year or a preceding taxation year. (8.1) Subsection (8.2) applies to a taxpayer for its transition year if (a) subsection (2) deems the taxpayer to have disposed of a particular specified debt obligation immediately before the end of its transition year (in subsection (8.2) referred to as “the particular disposition”); and (b) the particular specified debt obligation was owned by the taxpayer at the end of its base year and was not a mark-to-market property of the taxpayer for its base year. Rules applicable to first deemed disposition of debt obligation (8.2) If this subsection applies to a taxpayer for its transition year, the following rules apply to the taxpayer in respect of the particular disposition: (a) subsection 20(21) does not apply to the taxpayer in respect of the particular disposition; and (b) if section 12.4 does not apply to the taxpayer in respect of the particular disposition, there shall be included in computing the taxpayer’s income for its transition year the amount, if any, by which (i) the total of all amounts each of which is (A) an amount deducted under paragraph 20(1)(l) in respect of the particular specified debt obligation of the taxpayer in computing the taxpayer’s income for its base year, or (B) an amount deducted under paragraph 20(1)(p) in respect of the particular specified debt obligation of the taxpayer in computing the taxpayer’s income for a taxation year that precedes its transition year, (ii) the total of all amounts each of which is (A) an amount included under paragraph 12(1)(d) in respect of the particular specified debt obligation of the taxpayer in computing the taxpayer’s income for its transition year, or (B) an amount included under paragraph 12(1)(i) in respect of the particular specified debt obligation of the taxpayer in computing the taxpayer’s income for its transition year or a preceding taxation year. Transition — property acquired on rollover (a) a taxpayer acquired a property before October 31, 1994 at a cost less than the fair market value of the property at the time of acquisition, (b) the property was transferred, directly or indirectly, to the taxpayer by a person that would never have been a financial institution before the transfer if the definition financial institution in subsection 142.2(1) had always applied, (c) the cost is less than the fair market value because subsection 85(1) applied in respect of the disposition of the property by the person, and (d) subsection 142.5(2) deemed the taxpayer to have disposed of the property in its particular taxation year that includes October 31, 1994, the following rules apply: (e) where the taxpayer would, but for this paragraph, have a taxable capital gain for the particular year from the disposition of the property, the part of the taxable capital gain that can reasonably be considered to have arisen while the property was held by a person described in paragraph 142.5(9)(b) shall be deemed to be a taxable capital gain of the taxpayer from the disposition of the property for the taxation year in which the taxpayer disposes of the property otherwise than because of subsection 142.5(2), and not to be a taxable capital gain for the particular year, and (f) where the taxpayer has a profit (other than a capital gain) from the disposition of the property, the part of the profit that can reasonably be considered to have arisen while the property was held by a person described in paragraph 142.5(9)(b) shall be included in computing the taxpayer’s income for the taxation year in which the taxpayer disposes of the property otherwise than because of subsection 142.5(2), and shall not be included in computing the taxpayer’s income for the particular year.
Les définitions qui suivent s’appliquent au présent article. action du capital-actions d’une société agricole familiale [Abrogée, 2014, ch. 39, art. 13] action du capital-actions d’une société agricole ou de pêche familiale S’entend d’une action du capital-actions d’une société agricole ou de pêche familiale d’un particulier à un moment donné l’action du capital-actions, dont le particulier est propriétaire à ce moment, d’une société dont la totalité ou la presque totalité de la juste valeur marchande des biens est attribuable, à ce moment, aux biens suivants : Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
base year of a taxpayer means the taxpayer’s taxation year that immediately precedes its transition year. (année de base) transition amount of a taxpayer for the taxpayer’s transition year is the positive or negative amount determined by the formula A is the total of all amounts each of which is the fair market value, at the end of the taxpayer’s base year, of a transition property of the taxpayer; and B is the total of all amounts each of which is the cost amount to the taxpayer, at the end of the taxpayer’s base year, of a transition property of the taxpayer. transition property of a taxpayer means a property that (a) was a specified debt obligation held by the taxpayer at the end of the taxpayer’s base year; (b) was not a mark-to-market property of the taxpayer for the taxpayer’s base year, but would have been a mark-to-market property of the taxpayer for the taxpayer’s base year if the property had been carried at the property’s fair market value in the taxpayer’s balance sheet as at the end of each taxation year of the taxpayer that ends after the taxpayer last acquired the property (otherwise than by reason of a reacquisition under subsection 142.5(2)) and before the commencement of the taxpayer’s transition year; and (c) was a mark-to-market property of the taxpayer for the transition year of the taxpayer. (bien transitoire) transition year of a taxpayer means the taxpayer’s first taxation year that begins after 2023. (année transitoire)
(d) properties described in any of paragraphs (a) to (c); (participation dans une société de personnes agricole ou de pêche familiale) Impôt sur le revenu
If a taxpayer is an insurer in its transition year, there shall be included in computing the taxpayer’s income for its transition year the absolute value of the negative amount, if any, of the taxpayer’s transition amount. Transition year income deduction
If a taxpayer is an insurer in its transition year, there shall be deducted in computing the taxpayer’s income for its transition year the positive amount, if any, of the taxpayer’s transition amount.
If an amount has been included under subsection (2) in computing a taxpayer’s income for its transition year, there shall be deducted in computing the taxpayer’s income for each particular taxation year of the taxpayer that ends after the beginning of the transition year, and in which particular taxation year the taxpayer is an insurer, the amount determined by the formula A is the amount included under subsection (2) in computing the taxpayer’s income for the transition year; and B is the number of days in the particular taxation year that are before the day that is 1825 days after the first day of the transition year. Transition year income deduction reversal
If an amount has been deducted under subsection (3) in computing a taxpayer’s income for its transition year, there shall be included in computing the taxpayer’s income, for each particular taxation year of the taxpayer ending after the beginning of the transition year, and in which particular taxation year the taxpayer is an insurer, the amount determined by the formula A is the amount deducted under subsection (3) in computing the taxpayer’s income for the transition year; and B is the number of days in the particular taxation year that are before the day that is 1825 days after the first day of the transition year.
a) des biens qui ont été utilisés par l’une des personnes ou des sociétés de personnes ci-après, principalement dans le cadre de l’exploitation d’une entreprise agricole ou de pêche au Canada dans laquelle le particulier ou son époux ou conjoint de fait, son enfant, son père ou sa mère soit prenait une part active de façon régulière et continue, soit, s’il s’agit de biens utilisés dans le cadre de l’exploitation d’une terre à bois, prenait part dans la mesure requise par un plan d’aménagement forestier visé par règlement relativement à cette terre : (i) la société, (ii) une société dont une action du capital-actions était une action du capital-actions d’une société agricole ou de pêche familiale du particulier ou de son époux ou conjoint de fait, de son enfant, de son père ou de sa mère, (iii) une société contrôlée par une société visée aux sous-alinéas (i) ou (ii), (iv) une société de personnes dont une participation était une participation dans une société de personnes agricole ou de pêche familiale du particulier ou de son époux ou conjoint de fait, de son enfant, de son père ou de sa mère, (v) le particulier ou son époux ou conjoint de fait, son enfant, son père ou sa mère, b) des actions du capital-actions, ou des dettes, d’une ou de plusieurs sociétés dont la totalité ou la presque totalité de la juste valeur marchande des biens était attribuable à des biens visés à l’alinéa d); c) des participations dans une ou plusieurs sociétés de personnes, ou des dettes d’une ou de plusieurs sociétés de personnes, dont la totalité ou la presque totalité de la juste valeur marchande des biens était attribuable à des biens visés à l’alinéa d); d) des biens visés à l’un des alinéas a) à c). (share of the capital stock of a family farm or fishing corporation) action du capital-actions d’une société de pêche familiale [Abrogé, 2014, ch. 39, art. 13] enfant Sont assimilés à un enfant d’un contribuable : a) son petit-enfant; b) son arrière petit-enfant; share of the capital stock of a family farm corporation [Repealed, 2014, c. 39, s. 13] (d) properties described in any of paragraphs (a) to (c). (action du capital-actions d’une société agricole ou de pêche familiale) share of the capital stock of a family fishing corporation [Repealed, 2014, c. 39, s. 13] b.1) une personne qui était l’enfant du contribuable immédiatement avant le décès de l’époux ou du conjoint de fait de la personne; c) une personne qui, avant d’atteindre l’âge de 19 ans, était entièrement à la charge du contribuable et dont le contribuable avait alors la garde et la surveillance en droit ou de fait. (child) participation dans une société de personnes agricole familiale [Abrogée, 2014, ch. 39, art. 13] participation dans une société de personnes agricole ou de pêche familiale Est une participation dans une société de personnes agricole ou de pêche familiale, relativement à un moment donné de la participation, dont le particulier est propriétaire à ce moment, dans une société de personnes dont la totalité ou la presque totalité de la juste valeur marchande des biens est attribuable, à ce moment, aux biens suivants : a) des biens qui ont été utilisés par l’une des personnes ou sociétés de personnes ci-après, principalement dans le cadre de l’exploitation d’une entreprise agricole ou de pêche au Canada dans laquelle le particulier ou son époux ou conjoint de fait, son enfant, son père ou sa mère sont prenants activement de façon régulière et continue, soit, s’il s’agit de biens utilisés dans le cadre de l’exploitation d’une terre à bois, prenant part dans la mesure requise par un plan d’aménagement forestier visé par règlement relativement à cette terre : (i) la société de personnes, (ii) une société dont une action du capital-actions était une action du capital-actions d’une société agricole ou de pêche familiale du particulier ou de son époux ou conjoint de fait, de son enfant, de son père ou de sa mère, (iii) une société de personnes dont une participation était une participation dans une société de personnes agricole ou de pêche familiale du particulier ou de son époux ou conjoint de fait, de son enfant, de son père ou de sa mère, (iv) le particulier ou son époux ou conjoint de fait, son enfant, son père ou sa mère; b) des actions du capital-actions, ou des dettes, d’une ou de plusieurs sociétés dont la totalité ou la presque totalité de la juste valeur marchande des biens était attribuable à des biens visés à l’alinéa d); Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
If a taxpayer has, in a winding-up to which subsection 88(1) has applied, been wound-up into another corporation (referred to in this subsection as the “parent”), and immediately after the winding-up the parent is an insurer, in applying subsections (4) and (5) in computing the income of the taxpayer and of the parent for particular taxation years that end on or after the first day (referred to in this subsection as the “start day”) on which assets of the taxpayer were distributed to the parent on the winding-up, (a) the parent is, on and after the start day, deemed to be the same corporation as and a continuation of the taxpayer in respect of (i) any amount included under subsection (2) or deducted under subsection (3) by the taxpayer in computing the taxpayer’s income for its transition year, (ii) any amount deducted under subsection (4) or included under subsection (5) in computing the taxpayer’s income for a taxation year of the taxpayer that begins before the start day, and (iii) any amount that would — in the absence of this subsection and if the taxpayer existed and was an insurer on each day that is the start day or a subsequent day and on which the parent is an insurer — be required to be deducted or included, in respect of any of those days, under subsection (4) or (5) in computing the taxpayer’s income for its transition year; and (b) the taxpayer is, in respect of each of its particular taxation years, to determine the value for B in the formulas in subsections (4) and (5) without reference to the start day and days after the start day.
Application of s. 138(12) Value of NISA Capital cost of certain depreciable property (c) the expression “the lesser of” in paragraph 13(7)(b) and clause (d)(i)(A) thereof, and (d) subparagraph 13(7)(b)(ii), subclause 13(7)(d)(i)(A)(II), clause 13(7)(d)(i)(B) and paragraph (e) thereof. Order of disposal of depreciable property Impôt sur le revenu
If there is an amalgamation (within the meaning assigned by subsection 87(1)) of a taxpayer with one or more other corporations to form one corporation (referred to in this subsection as the “new corporation”), and immediately after the amalgamation the new corporation is an insurer, in applying subsections (4) and (5) in computing the income of the new corporation for particular taxation years of the new corporation that begin on or after the day on which the amalgamation occurred, the new corporation is, on and after that day, deemed to be the same corporation as and a continuation of the taxpayer in respect of (a) any amount included under subsection (2) or deducted under subsection (3) in computing the taxpayer’s income for its transition year of the taxpayer; (b) any amount deducted under subsection (4) or included under subsection (5) in computing the taxpayer’s income for a taxation year of the taxpayer that begins before the day on which the amalgamation occurred; and (c) any amount that would — in the absence of this subsection and if the taxpayer existed and was an insurer on each day that is the day on which the amalgamation occurred or a subsequent day and on which the new corporation is an insurer — be required to be deducted or included, in respect of any of those days, under subsection (4) or (5) in computing the taxpayer’s income.
Subsection (9) applies if, at any time, a taxpayer (referred to in this subsection and subsection (9) as the “transferor”) transfers, to a corporation (referred to in this subsection and subsection (9) as the “transferee”) that is related to the transferor, property in respect of a business carried on by the transferor in Canada (referred to in this subsection and subsection (9) as the “transferred business”) and (b) subsection 85(1) applies to the transfer, the transfer includes all or substantially all of the property and liabilities of the transferred business and, immediately after the transfer, the transferee is an insurer. Transfer of a business
If this subsection applies in respect of the transfer, at any time, of property (a) the transferee is, at and after that time, deemed to be the same corporation as and a continuation of the transferor in respect of (i) any amount included under subsection (2) or deducted under subsection (3) in computing the transferor’s income for its transition year that can reasonably be attributed to the transferred business, (ii) any amount deducted under subsection (4) or included under subsection (5) in computing the transferor’s income for a taxation year of the transferor that begins before that time that can reasonably be attributed to the transferred business, and (iii) any amount that would — in the absence of this subsection and if the transferor existed and was an insurer on each day that includes that time or is a subsequent day and on which the transferee is an insurer — be required to be deducted or included, in respect of any of those days, under subsection (4) or (5) in computing the transferor’s income that can reasonably be attributed to the transferred business; and (b) in determining, in respect of the day that includes that time or any subsequent day, any amount that is required under subsection (4) or (5) to be deducted or included in computing the transferor’s income for each particular taxation year from the transferred business, the description of A in the formulas in those subsections is deemed to be nil. Ceasing to carry on a business
If at any time, a taxpayer ceases to be an insurer (a) there shall be deducted, in computing the income of the taxpayer for the taxation year of the taxpayer that includes the time that is immediately before that time, the amount determined by the formula A is the amount included under subsection (2) in computing the taxpayer’s income for its transition year, and B is the total of all amounts each of which is an amount deducted under subsection (4) in computing the income of the taxpayer for a taxation year that began before that time; and (b) there shall be included, in computing the income of the taxpayer for the taxation year of the taxpayer that includes the time that is immediately before that time, the amount determined by the formula C is the amount deducted under subsection (3) in computing the taxpayer’s income for its transition year, and D is the total of all amounts each of which is an amount included under subsection (5) in computing the taxpayer’s income for a taxation year that began before that time.
Application du par. 138(12)
If at any time a taxpayer ceases to exist (otherwise than as a result of a merger to which subsection 87(2) applies or a winding-up to which subsection 88(1) applies), for the purposes of subsection (11), the taxpayer is deemed to have ceased to be an insurer at the earlier of (a) the time (determined without reference to this subsection) at which the taxpayer ceased to be an insurer, and (b) the time that is immediately before the end of the last taxation year of the taxpayer that ended at or before the time at which the taxpayer ceased to exist.
Les définitions figurant au paragraphe 138(12) s’appliquent au présent article. Valeur du compte de stabilisation du revenu net
Subsection (13.1) applies to a taxpayer for a particular taxation year of the taxpayer if (a) the taxpayer holds a transition property in the particular taxation year; (b) the property was a mark-to-market property of the taxpayer for the taxation year preceding the particular taxation year; and (c) the property is not a mark-to-market property of the taxpayer for the particular taxation year. Ceasing to be mark-to-market property (13.1) If this subsection applies to a taxpayer for a particular taxation year of the taxpayer, for purposes of this section (a) the taxpayer is deemed to have ceased to be an insurer at the particular time that is the beginning of the particular taxation year; and (b) the time immediately before the particular time shall be deemed to be the end of the taxation year that ends immediately before the particular taxation year. Additional Rules Becoming or ceasing to be a financial institution
Pour l’application de la définition de action du capital-actions d’une société agricole ou de pêche familiale au paragraphe (10), la juste valeur marchande du compte de stabilisation du revenu net est réputée nulle. Coût en capital de certains biens amortissables
(a) where a taxation year of the taxpayer would not, but for this paragraph, end immediately before the particular time, (i) except for the purpose of subsection 132(6.1), the taxpayer’s taxation year that would otherwise have included the particular time is deemed to have ended immediately before that time and a new taxation year of the taxpayer is deemed to have begun at that time, and (ii) for the purpose of determining the taxpayer’s fiscal period after the particular time, the taxpayer shall be deemed not to have established a fiscal period before that time; (b) if the taxpayer becomes a financial institution, the taxpayer is deemed to have disposed, immediately before the end of its particular taxation year that ends immediately before the particular time, of each of the following properties held by the taxpayer for proceeds equal to the property’s fair market value at the time of that disposition: (ii) a mark-to-market property of the taxpayer for the particular taxation year or for the taxpayer’s taxation year that includes the particular time; (c) where the taxpayer ceases to be a financial institution, the taxpayer shall be deemed to have disposed, immediately before the end of its taxation year that ends immediately before the particular time, of each property held by the taxpayer that is a specified debt obligation (other than a mark-to-market property of the taxpayer for the year), for proceeds equal to its fair market value at the time of disposition; and (d) the taxpayer is deemed to have reacquired, at the end of its taxation year that ends immediately before the particular time, each property deemed by paragraph (b) or (c) to have been disposed of by the taxpayer, at a cost equal to the proceeds of disposition of the property. Ceasing to use property in Canadian business (1.1) If at a particular time in a taxation year a taxpayer that is a non-resident financial institution (other than a life insurance corporation) ceases to use, in connection with a business or part of a business carried on by the taxpayer in Canada immediately before the particular time, a property that is a mark-to-market property of the taxpayer for the year or a specified debt obligation, but that is not a property that was disposed of by the taxpayer at the particular time, (a) the taxpayer is deemed (i) to have disposed of the property immediately before the time that was immediately before the particular time for proceeds equal to its fair market value at the time of disposition and to have received those proceeds at the time of disposition in the course of carrying on the business or the part of the business, as the case may be, and (ii) to have reacquired the property at the particular time at a cost equal to those proceeds; and (b) in determining the consequences of the disposition in subparagraph (a)(i), subsection 142.6(11) does not apply to any payment received by the taxpayer after the particular time. Beginning to use property in a Canadian business (1.2) If at a particular time a taxpayer that is a non-resident financial institution (other than a life insurance corporation) begins to use, in connection with a business or
Pour l’application du présent article et, en cas d’application d’une disposition (autre que le présent paragraphe) du présent article, pour l’application des articles 13 et 20, mais non des dispositions réglementaires prises en application de l’alinéa 20(1)a) : a) le coût en capital, pour un contribuable, d’un bien amortissable d’une catégorie prescrite dont il a été disposé immédiatement avant son décès, b) le coût en capital, pour une fiducie à laquelle le paragraphe (9.1) s’applique, d’un bien amortissable d’une catégorie prescrite dont il a été disposé immédiatement avant le décès de l’époux ou conjoint de fait visé à ce paragraphe, correspondent, pour ce qui est des biens dont le contribuable ou la fiducie n’ont pas disposé avant ce moment, aux montants qui seraient obtenus s’il n’était pas tenu compte, au paragraphe 13(7), des expressions « au moindre de » à l’alinéa b) et « au moindre de » de la division d)(i)(A) ni du sous-alinéa b)(ii), de la subdivision d)(i)(A)(II), de la division d)(i)(B) et de l’alinéa e). Ordre de disposition de biens amortissables
(a) to have disposed of the property immediately before the time that was immediately before the particular time for proceeds equal to its fair market value at the time of disposition; and (b) to have reacquired the property at the particular time at a cost equal to those proceeds. Specified debt obligation marked to market (1.3) In applying subsection (1.1) to a taxpayer in respect of a property in a taxation year, (a) the definition mark-to-market property in subsection 142.2(1) shall be applied as if the year ended immediately before the particular time referred to in subsection (1.1); and (b) if the taxpayer does not have financial statements for the period ending immediately before the particular time referred to in subsection (1.1), references in the definition to financial statements for the year shall be read as references to the financial statements that it is reasonable to expect would have been prepared if the year had ended immediately before the particular time. Change in status — prescribed payment card corporation share (1.4) If, at any particular time in a taxation year of a taxpayer that is a financial institution for the taxation year, a property becomes a mark-to-market property of the taxpayer for the taxation year because it ceased, at the particular time, to be a prescribed payment card corporation share of the taxpayer, (a) the taxpayer is deemed (i) to have disposed of the property immediately before the particular time for proceeds of disposition equal to its fair market value immediately before the particular time, and (ii) to have acquired the property, at the particular time, at a cost equal to those proceeds; and (1.5) If, at any particular time in a taxation year of a taxpayer that is a financial institution for the taxation year, a property becomes a mark-to-market property of the taxpayer for the taxation year because it ceased, at the particular time, to be a prescribed securities exchange investment of the taxpayer, (a) the taxpayer is deemed (i) to have disposed of the property immediately before the particular time for proceeds of disposition equal to its fair market value immediately before the particular time, and (ii) to have acquired the property, at the particular time, at a cost equal to those proceeds; and Change in status — significant interest (1.6) If, at the end of a particular taxation year of a taxpayer that is a financial institution for that taxation year, the taxpayer holds a share of the capital stock of a corporation, the taxpayer has a significant interest in that corporation at any time in the particular taxation year and the share is mark-to-market property of the taxpayer for the immediately following taxation year, the taxpayer is deemed to have, (a) disposed of the share immediately before the end of the particular taxation year for proceeds of disposition equal to the fair market value, at that time, of the share; and (b) acquired the share at the end of the particular taxation year at a cost equal to those proceeds.
Lorsqu’il est disposé simultanément d’au moins deux biens amortissables d’une catégorie prescrite par suite du décès d’un contribuable, le présent article et Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION N Rules Relating to Computation of Income
For the purposes of this Act, the determination of when a taxpayer acquired a share shall be made without regard to a disposition or acquisition that occurred because of subsection 142.5(2) or subsection (1), (1.1), (1.2), (1.4), (1.5) or (1.6).
— 1985, c. 1 (5th Supp.), s. 70; 1994, c. 7, Sch. II, s. 48; 2000, c. 19, s. 62, c. 21, s. 13; 1995, c. 3, s. 18; 1996, c. 21, s. 149; 1998, c. 19, s. 150; 2006, c. 4, s. 12; 2010, c. 13, s. 52; 2014, c. 20, s. 27; 2016, c. 12, s. 20; 2010, c. 25, s. 13; 2013, c. 34, s. 209, c. 45, s. 34; 2014, c. 39, s. 13; 2016, c. 12, s. 20. Impôt sur le revenu
Where a taxpayer is a financial institution in a taxation year, inventory of the taxpayer in the year does not include property that is Participation notable (b) where the year begins after October 1994, a mark-to-market property for the year. Property that ceases to be inventory
Where a taxpayer that was a financial institution in its particular taxation year that includes February 23, 1994 held, on that day, a specified debt obligation (other than a mark-to-market property for the year) that was inventory of the taxpayer at the end of its preceding taxation year, (a) the taxpayer shall be deemed to have disposed of the property at the beginning of the particular year for proceeds equal to (i) where subparagraph 142.6(4)(a)(ii) does not apply, the amount at which the property was valued at the end of the preceding taxation year for the purpose of computing the taxpayer’s income for the year, and (ii) where the taxpayer is a bank and the property is a prescribed property for the particular year, the cost of the property to the taxpayer (determined without reference to paragraph 142.6(4)(b)); (b) for the purpose of determining the taxpayer’s profit or loss from the disposition, the cost of the property to the taxpayer shall be deemed to be the amount referred to in subparagraph 142.6(4)(a)(i); and (c) the taxpayer shall be deemed to have reacquired the property, immediately after the beginning of the particular year, at a cost equal to the proceeds of disposition of the property. Debt obligations acquired in rollover transactions (a) on February 23, 1994, a financial institution that is a corporation held a specified debt obligation (other than a mark-to-market property for the taxation year that includes that day) that was at any particular time before that day held by another corporation, and (b) between the particular time and February 23, 1994, the only transactions affecting the ownership of the property were rollover transactions, the financial institution shall be deemed, in respect of that obligation, to be the same corporation as, and a continuation of, the other corporation. Definition of rollover transaction
For the purpose of subsection 142.6(5), rollover transaction means a transaction to which subsection 87(2), 88(1) or 138(11.5) or 138(11.94) applies, other than a transaction to which paragraph 138(11.5)(e) requires the provisions of subsection 85(1) to be applied.
Subsection 18(13) does not apply to the disposition of a property by a taxpayer after October 30, 1994 where (a) the taxpayer is a financial institution when the disposition occurs and the property is a specified debt obligation or a mark-to-market property for the taxation year in which the disposition occurs; or (b) the disposition occurs because of paragraph 142.6(1)(b). Accrued capital gains and losses election
l’alinéa a) de la définition de coût indiqué au paragraphe 248(1) s’appliquent comme s’il avait été disposé de chaque bien séparément dans l’ordre indiqué par le représentant légal du contribuable ou, dans le cas d’une fiducie visée au paragraphe (9.1), par cette fiducie. À défaut d’indication par le représentant légal ou la fiducie, l’ordre est fixé par le ministre. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] — L.R. (1985), ch. 1 (5e suppl.), art. 70; 1994, ch. 7, ann. II, art. 48; 2000, ch. 19, art. 62, ch. 21, art. 13; 1995, ch. 3, art. 18; 1996, ch. 21, art. 149; 1998, ch. 19, art. 150; 2006, ch. 4, art. 12; 2010, ch. 13, art. 52; 2014, ch. 20, art. 27; 2016, ch. 12, art. 20; 2010, ch. 25, art. 13; 2013, ch. 34, art. 209, ch. 45, art. 34; 2014, ch. 39, art. 13; 2016, ch. 12, art. 20. Provisions, etc. pour l’année du décès 72 (1) Lorsque, au cours d’une année d’imposition, un contribuable est décédé: a) l’alinéa 20(1)n) n’autorise pas, dans le calcul du revenu du contribuable pour l’année, tiré d’une entreprise, la déduction d’une somme à titre de provision à l’égard de biens vendus dans le cours des activités de l’entreprise; b) aucune somme n’est déductible en vertu du paragraphe 32(1) à titre de provision à l’égard de commissions non gagnées, dans le calcul du revenu du contribuable pour l’année; c) aucune somme n’est déductible en vertu du sous-alinéa 40(1)a)(iii), de l’alinéa 40(1.01)c) ou du sous-alinéa 44(1)e)(iii) dans le calcul d’un gain du contribuable pour l’année; d) le paragraphe 64(1) n’autorise pas, dans le calcul du revenu du contribuable pour l’année, la déduction d’une somme quelconque à titre de provision à l’égard de la disposition d’un bien; e) le paragraphe 64.1(1) n’autorise pas, dans le calcul du revenu du contribuable pour l’année, la déduction d’une somme quelconque à titre de provision à l’égard de la disposition d’un bien. Choix par les représentants légaux et le bénéficiaire du transfert concernant les provisions
Where a taxpayer that is a financial institution in its first taxation year that ends after February 22, 1994 so elects by notifying the Minister in writing before July 1998 or within 90 days after the day on which a notice of assessment of tax payable under this Part for the year, notification that no tax is payable under this Part for the year or notification that an election made by the taxpayer under this subsection is deemed by subsection 142.6(9) or 142.6(10) not to have been made is mailed to the taxpayer, (i) that was a capital property (other than a depreciable property) of the taxpayer at the end of the taxpayer’s last taxation year that ended before February 23, 1994, (ii) that was a mark-to-market property for, or a specified debt obligation in, the taxpayer’s first taxation year that begins after that time, (iii) that had a fair market value at that time greater than its adjusted cost base to the taxpayer at that time, and (iv) that is designated by the taxpayer in the election is deemed to have been disposed of by the taxpayer at that time for proceeds of disposition equal to, and to have been reacquired by the taxpayer immediately after that time at a cost equal to, the lesser of (v) the fair market value of the property at that time, and (vi) the greater of the adjusted cost base to the taxpayer of the property immediately before that time and the amount designated by the taxpayer in the election in respect of the property; (b) each property of the taxpayer (i) that was a capital property (other than a depreciable property) of the taxpayer at the end of the taxpayer’s last taxation year that ended before February 23, 1994, (ii) that was not a mark-to-market property for, or a specified debt obligation in, the taxpayer’s first taxation year that begins after that time, (iii) that had an adjusted cost base to the taxpayer at that time greater than its fair market value at that time, and (iv) that is designated by the taxpayer in the election is deemed to have been disposed of by the taxpayer at that time for proceeds of disposition equal to, and to have been reacquired by the taxpayer immediately after that time at a cost equal to, the greater of (v) the fair market value of the property at that time, and (vi) the lesser of the adjusted cost base to the taxpayer of the property immediately before that time and the amount designated by the taxpayer in the election in respect of the property; and (c) notwithstanding subsections 152(4) to 152(5), such assessment of the taxpayer’s tax payable under this Act for the taxpayer’s last taxation year that ended before February 23, 1994 shall be made as is necessary to take the election into account. Accrued capital gains election limit
Lorsqu’un bien d’un contribuable qui représente le droit de recevoir une somme a été, au moment du décès du contribuable ou postérieurement et par suite de ce décès, transféré ou distribué à son époux ou conjoint de fait visé à l’alinéa 70(6)a) ou à une fiducie visée à l’alinéa 70(6)b) (appelés « bénéficiaire du transfert » au présent paragraphe), que le contribuable résidait au Canada immédiatement avant son décès et que le représentant légal du contribuable et le bénéficiaire du transfert ont fait, à l’égard du bien, un choix conjoint selon le formulaire prescrit, les règles ci-après s’appliquent: (iii) be deemed to be (a) toute somme relative au bien qui, sans l’alinéa (1)a), b), d) ou e), aurait été déductible à titre de provision dans le calcul du revenu du contribuable pour l’année d’imposition pendant laquelle il est décédé, est : (i) malgré le paragraphe (1), déduite du revenu du contribuable pour l’année d’imposition pendant laquelle il est décédé, (ii) incluse dans le calcul du revenu du bénéficiaire du transfert pour sa première année d’imposition se terminant après le décès du contribuable, et (iii) réputée être, selon le cas : (A) une somme qui a été incluse dans le calcul du revenu du bénéficiaire du transfert, tiré d’une entreprise, pour une année antérieure, à l’égard de la vente de biens dans le cours des activités de l’entreprise, (B) une somme qui a été incluse dans le calcul du revenu du bénéficiaire du transfert pour une année antérieure à titre de commission relative à un contrat d’assurance autre qu’un contrat d’assurance-vie, (C) une somme qui, en vertu du paragraphe 59(1), a été incluse dans le calcul du revenu du bénéficiaire du transfert pour une année d’imposition antérieure, (D) pour l’application du paragraphe 64(1.1), une somme qui, en vertu de l’alinéa 59.3(2)c), a été incluse dans le calcul du revenu du bénéficiaire du transfert pour une année d’imposition antérieure, et une somme que le bénéficiaire du transfert a déduite en vertu de l’alinéa 64(1.1)a) dans le calcul de son revenu pour sa dernière année d’imposition se terminant avant son décès; b) toute somme relative au bien qui, sans l’alinéa (1)c), aurait pu être déduite en application des sous-alinéas 40(1)a)(iii) ou 44(1)e)(iii) dans le calcul d’un gain du contribuable pour l’année est : (i) malgré l’alinéa (1)c), réputée avoir été ainsi demandée, (ii) pour le calcul du revenu du bénéficiaire du transfert pour sa première année d’imposition se terminant après le décès du contribuable et pour toute année d’imposition ultérieure, réputée avoir été : (ii) the amount of the transferee’s claim under subparagraph 40(1)(a)(iii) or 44(1)(e)(iii) in respect of the disposition of the property, and [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] [R.S., 1985, c. 1 (5th Supp.), s. 72; 1994, c. 7, Sch. II, s. 49; 1998, c. 19, s. 142; 2000, c. 12, s. 143; 2012, c. 34, s. 210(F).] (A) le produit de disposition de l’immobilisation dont il a disposé au cours de cette première année d’imposition, (B) la somme déterminée en application des sous-alinéas 40(1)a)(i) ou 44(1)e)(i) à l’égard de l’immobilisation mentionnée à la division (A); c) malgré les alinéas a) et b), lorsque le contribuable a disposé d’un bien quelconque, dans le calcul du revenu du bénéficiaire du transfert pour toute année d’imposition se terminant après le décès du contribuable : (i) le montant de sa déduction en vertu de l’alinéa 20(1)n) à titre de provision à l’égard du bien vendu dans le cours des activités d’une entreprise, (ii) le montant de sa déduction en vertu des sous-alinéas 40(1)a)(iii) ou 44(1)e)(iii) à l’égard de la disposition du bien, (iii) le montant de sa déduction en vertu de l’article 64 à titre de provision à l’égard de la disposition du bien, sont calculés comme si le bénéficiaire du transfert était le contribuable ayant disposé du bien et comme si le bénéficiaire du transfert avait disposé du bien au moment où le contribuable en avait disposé. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] [L.R. (1985), ch. 1 (5e suppl.), art. 72; 1994, ch. 7, ann. II, art. 49; 1998, ch. 19, art. 142; 2000, ch. 12, art. 143; 2012, ch. 34, art. 210(F).] Transfert de biens entre vifs par un particulier 73 (1) Pour l’application de la présente partie, lorsque l’immobilisation d’un particulier (sauf un fiducie) a été transférée dans les circonstances visées au paragraphe (1.01) et que le particulier et le cessionnaire résident au Canada au moment du transfert, à moins que le particulier ne choisisse, dans sa déclaration de revenu produite en vertu de la présente partie pour l’année d’imposition du transfert, de soustraire l’immobilisation à l’application du présent paragraphe, celle-ci est réputée : a) d’une part, avoir fait l’objet d’une disposition par le particulier, à ce moment, pour un produit égal au montant suivant : (i) si l’immobilisation est un bien amortissable d’une catégorie prescrite, le produit de la multiplication de la fraction non amortie du coût en capital de la catégorie, immédiatement avant ce moment, des biens de cette catégorie par le rapport entre la juste valeur marchande, immédiatement Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
Where a taxpayer has made an election under subsection 142.6(8) in which a property was designated under subparagraph 142.6(8)(a)(iv), the election is deemed not to have been made where (a) the amount that would be the taxpayer’s taxable capital gains from dispositions of property for the taxpayer’s last taxation year that ended before February 23, 1994 if this subsection and subsection 142.6(10) did not apply exceeds the total of (b) the amount that would be the taxpayer’s allowable capital losses for the year from dispositions of property if this subsection and subsection 142.6(10) did not apply, (c) the maximum amount that would have been deductible in computing the taxpayer’s taxable income for the year in respect of the taxpayer’s net capital losses for preceding taxation years if there were sufficient taxable capital gains for the year from dispositions of property, and (i) the amount that would be the taxpayer’s taxable capital gains for the taxpayer’s last taxation year that ended before February 23, 1994 from dispositions of property if no election were made under subsection 142.6(8) exceeds the total of (ii) the amount that would be the taxpayer’s allowable capital losses for the year from dispositions of property if no election were made under subsection 142.6(8), and (iii) the maximum amount that would have been deductible in computing the taxpayer’s taxable income for the year in respect of the taxpayer’s net capital losses for preceding taxation years if no election were made under subsection 142.6(8). Accrued capital losses election limit
(a) the individual’s spouse or common-law partner; (iii) either Impôt sur le revenu
Where a taxpayer has made an election under subsection 142.6(8) in which a property was designated under subparagraph 142.6(8)(b)(iv), the election is deemed not to have been made where (a) the total of the amounts determined under paragraphs 142.6(9)(b) and 142.6(9)(c) in respect of the Division H Special Rules Applicable in Certain Circumstances taxpayer exceeds the amount determined under paragraph 142.6(9)(a) in respect of the taxpayer; or (b) the total of all amounts each of which would, if this subsection did not apply, be the taxpayer’s allowable capital loss for the taxpayer’s last taxation year that ended before February 23, 1994 from the disposition of a property deemed to have been disposed of under paragraph 142.6(8)(b) exceeds the total of all amounts each of which is the taxpayer’s taxable capital gain for the year from the disposition of a property deemed to have been disposed of under paragraph 142.6(8)(a). [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] Conversion of Foreign Bank Affiliate to Branch
Canadian affiliate of an entrant bank at any particular time means a Canadian corporation that was, immediately before the particular time, affiliated with the entrant bank and that was, at all times during the period that began on February 11, 1999 and ended immediately before the particular time, (a) affiliated with either (ii) a foreign bank (within the meaning assigned by section 2 of the Bank Act) that is affiliated with the entrant bank at the particular time; and (ii) a corporation authorized under the Trust and Loan Companies Act to carry on the business of offering to the public its services as trustee, or (iii) a corporation of which the principal activity in Canada consists of any of the activities referred to in subparagraphs 518(3)(a)(i) to (v) of the Bank Act and in which the entrant bank or a non-resident person affiliated with the entrant bank holds shares under the authority, directly or indirectly, of an order issued by the Minister of Finance or the Governor in Council under subsection 521(1) of that Act. (filiale canadienne) eligible property of a Canadian affiliate at any time means a property described in any of paragraphs 85(1.1)(a) to (g.1) that is, immediately before that time, used or held by it in carrying on its business in Canada. (bien admissible) entrant bank means a non-resident corporation that is, or has applied to the Superintendent of Financial Institutions to become, an authorized foreign bank. (banque entrante) qualifying foreign merger means a merger or combination of two or more corporations that would be a foreign merger within the meaning assigned by subsection 87(8.1) if that subsection were read without reference to the words “and otherwise than as a result of the distribution of property to one corporation on the winding-up of another corporation. (fusion étrangère déterminée) Qualifying foreign merger
Where an entrant bank was formed as the result of a qualifying foreign merger, on or after February 11, 1999, of two or more corporations (referred to in this subsection as “predecessors”), and at the time immediately before the merger, there were one or more Canadian corporations (referred to in this subsection as “predecessor affiliates”), each of which at that time would have been a Canadian affiliate of a predecessor if the predecessor were an entrant bank at that time, (a) for the purpose of the definition Canadian affiliate in subsection (1), (i) each predecessor affiliate is deemed to have been affiliated with the entrant bank throughout the period that began on February 11, 1999 and ended at the time of the merger, (ii) the expression “entrant bank” in subparagraph (b)(iii) of the definition is deemed to include a predecessor, and (iii) if two or more of the predecessor affiliates are amalgamated or merged at any time after February 11, 1999 to form a new corporation, the new corporation is deemed to have been affiliated with the entrant bank throughout the period that began on February 11, 1999 and ended at the time of the amalgamation or merger of the predecessor affiliates; and (b) if at least one of the predecessors complied with the terms of subsection (11)(a), the entrant bank is deemed to have complied with those terms. Branch-establishment rollover
If a Canadian affiliate of an entrant bank transfers an eligible property to the entrant bank, the entrant bank begins immediately after the transfer to use or hold the transferred property in its Canadian banking business and the Canadian affiliate and the entrant bank jointly elect, in accordance with subsection (11), to have this subsection apply in respect of the transfer, subsections 85(1) (other than paragraph (e.2)), (1.1), (1.4) and (5) apply, with any modifications that the circumstances require, in respect of the transfer, except that the portion of subsection 85(1) before paragraph (a) shall be read as follows: “85 (1) Where a taxpayer that is a Canadian affiliate of an entrant bank (within the meanings assigned by subsection 142.7(11)) has, in a taxation year, disposed of any of the taxpayer’s property to the entrant bank (referred to in this subsection as the “corporation”), the taxpayer and the corporation have jointly elected under subsection 142.7(3), the following rules apply:”. Deemed fair market value
avant ce moment, de l’immobilisation et la juste valeur marchande, immédiatement avant ce moment, de l’ensemble des biens de cette catégorie, (iii) dans les autres cas, le prix de base rajusté, pour le particulier, de l’immobilisation immédiatement avant ce moment; b) d’autre part, avoir été acquise par le cessionnaire à ce moment, pour un montant égal à ce produit. Transferts admissibles (1.01) Sous réserve du paragraphe (1.02), un bien est transféré par un particulier dans les circonstances visées au présent paragraphe s’il est transféré à l’une des personnes suivantes : a) l’époux ou le conjoint de fait du particulier; b) l’ex-époux ou l’ancien conjoint de fait du particulier, en règlement de droits découlant de leur mariage ou union de fait; c) une fiducie établie par le particulier dans le cadre de laquelle, selon le cas : (i) l’époux ou le conjoint de fait du particulier a le droit de recevoir au titre de la fiducie, et nulle autre personne que l’époux ou le conjoint de fait ne peut, avant le décès de celui-ci, recevoir une partie quelconque du revenu ou du capital de la fiducie ni autrement en obtenir l’usage, (ii) le particulier a le droit de recevoir au titre de la fiducie, et nulle autre personne que lui ne peut, avant le décès de celui-ci, recevoir une partie quelconque du revenu ou du capital de la fiducie ni autrement en obtenir l’usage, (iii) selon le cas : (A) le particulier et son époux ont tous deux le droit de recevoir leur vie durant tous les revenus de la fiducie, et nulle autre personne ne peut, avant le décès du particulier ou, s’il est postérieur, le décès de l’époux, recevoir une partie quelconque du revenu ou du capital de la fiducie ni autrement en obtenir l’usage, (B) le particulier et son conjoint de fait ont tous deux le droit de recevoir leur vie durant tous les revenus de la fiducie, et nulle autre personne ne peut, avant le décès du particulier ou, s’il est postérieur, le décès du conjoint de fait, recevoir une partie quelconque du revenu ou du capital de la fiducie ni autrement en obtenir l’usage. Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
If a Canadian affiliate of an entrant bank and the entrant bank make an election under subsection (3) in respect of a transfer of property by the Canadian affiliate to the entrant bank, for the purposes of subsections 15(1), 52(2), 69(1), (4) and (5), 246(1) and 247(2) in respect of the transfer, the fair market value of the property is deemed to be the amount agreed by the Canadian affiliate and the entrant bank in their election.
(b) either Interpretation Impôt sur le revenu
If a Canadian affiliate of an entrant bank transfers a specified debt obligation to the entrant bank in a transaction in respect of which an election is made under subsection (3), the Canadian affiliate is a financial institution in its taxation year in which the transfer is made, and the amount that the Canadian affiliate and the entrant bank agree on in their election in respect of the obligation is equal to the tax basis of the obligation within the meaning assigned by subsection 142.4(1), the entrant bank is deemed, in respect of the obligation, for the purposes of sections 142.2 to 142.4 and 142.6, to be the same corporation as, and a continuation of, the Canadian affiliate. Mark-to-market property
If a Canadian affiliate of an entrant bank described in paragraph (11)(a) transfers at any time within the period described in paragraph (11)(c) to the entrant bank a property that is, for the Canadian affiliate’s taxation year in which the property is transferred, a mark-to-market property of the Canadian affiliate, (a) for the purposes of subsections 112(5) to (5.21) and (5.4), the definition mark-to-market property in subsection 142.2(1) and subsection 142.5(9), the entrant bank is deemed, in respect of the property, to be the same corporation as and a continuation of, the Canadian affiliate; and (b) for the purpose of applying subsection 142.5(2) in respect of the property, the Canadian affiliate’s taxation year in which the property is transferred is deemed to have ended immediately before the time the property was transferred. (i) a Canadian affiliate of an entrant bank transfers to the entrant bank property that is a loan or lending asset, or a right to receive an unpaid amount in respect of a disposition before the particular time of property by the affiliate, or (ii) the entrant bank assumes an obligation of the Canadian affiliate that is an instrument or commitment described in paragraph 20(1)(l.1) or an obligation in respect of goods, services, land, or other movable property, described in subparagraph 20(1)(m)(i), (ii) or (iii), (b) the property is transferred or the obligation is assumed for an amount equal to its fair market value at the particular time, (c) the entrant bank begins immediately after the particular time to use or hold the property or owe the obligation in its Canadian banking business, and (d) the Canadian affiliate and the entrant bank jointly elect in accordance with subsection (11) to have this subsection apply in respect of the transfer or assumption, (e) in applying paragraphs 20(1)(l), (l.1), (m), (n) and (p) in respect of the obligation or property, the taxation year of the affiliate that would, but for this paragraph, include the particular time is deemed to end immediately before the particular time, and (f) in computing the income of the Canadian affiliate and the entrant bank for taxation years that end on or after the particular time, (i) any amount deducted under paragraph 20(1)(l), (l.1), (m) or (n) by the Canadian affiliate in respect of the property or obligation in computing its income for its taxation year that ended immediately before the particular time, or under paragraph 20(1)(p) in computing its income for that year or for a preceding taxation year (to the extent that the amount has not been included in the affiliate’s income under paragraph 12(1)(x)), is deemed to have been so deducted by the entrant bank in computing its income for its last taxation year that ended before the particular time and not to have been deducted by the Canadian affiliate, (ii) in applying paragraph 20(1)(m), an amount in respect of the goods, services, land, chattels or movable property, that was included under paragraph 12(1)(a) in computing the Canadian affiliate’s income from a business is deemed to have been so included in computing the entrant bank’s income from its Canadian banking business for a preceding taxation year, (iii) in applying paragraph 20(1)(n) in respect of a property described in subparagraph (a)(i) and paragraphs (b), (c) and (d) sold by the Canadian affiliate in the course of a business, the property is deemed to have been disposed of by the entrant bank (and not by the Canadian affiliate) at the time it was disposed of by the Canadian affiliate, and the amount in respect of the sale that was included in computing the Canadian affiliate’s income from a business is deemed to have been included in computing the entrant bank’s income from its Canadian banking business for its taxation year that includes the time at which the property was so disposed of, and (iv) in applying paragraph 40(1)(a) or 44(1)(e) in respect of a property described in subparagraph (a)(i) and paragraphs (b), (c) and (d) disposed of by the Canadian affiliate, the property is deemed to have been disposed of by the entrant bank (and not by the Canadian affiliate) at the time it was disposed of by the Canadian affiliate, the amount determined under subparagraph 40(1)(a)(iii) or 44(1)(e)(ii) in respect of the Canadian affiliate is deemed to be the amount determined under that subparagraph in respect of the entrant bank, and any amount claimed by the Canadian affiliate under subparagraph 40(1)(a)(iii) or 44(1)(e)(ii) in computing its gain from the disposition of the property for its last taxation year that ended before the present alinea, comprendrait le moment donné est réputée se terminer immédiatement avant le moment donné;
If a Canadian affiliate of an entrant bank described in paragraph (11)(a) transfers at any time within the period described in paragraph (11)(c) property to the entrant bank, and any part of the consideration for the transfer is the assumption by the entrant bank in respect of its Canadian banking business of a debt obligation of the Canadian affiliate, (a) where the Canadian affiliate and the entrant bank jointly elect in accordance with subsection (11) to have this paragraph apply, (i) both (A) the value of that part of the consideration for the transfer of the property, and (B) for the purpose of determining the consequences of the assumption of the obligation and any subsequent settlement or extinguishment of it, the value of the consideration given to the entrant bank for the assumption of the obligation, are deemed to be an amount (in this paragraph referred to as the “assumption amount”) equal to the amount outstanding on account of the principal amount of the obligation at that time, and (ii) the assumption amount shall not be considered a term of the transaction that differs from that which would have been made between persons dealing at arm’s length solely because it is not equal to the fair market value of the obligation at that time; (b) where the obligation is denominated in a foreign currency, and the Canadian affiliate and the entrant bank jointly elect in accordance with subsection (11) to have this paragraph apply, (i) the amount of any income, loss, capital gain or capital loss in respect of the obligation due to the fluctuation in the value of the foreign currency relative to Canadian currency realized by (A) the Canadian affiliate on the assumption of the obligation is deemed to be nil, and (B) the entrant bank on the settlement or extinguishment of the obligation shall be determined based on the amount of the obligation in Canadian currency at the time it became an obligation of the Canadian affiliate, and (ii) for the purpose of an election made in respect of the obligation under paragraph (a), the amount outstanding on account of the principal amount of the obligation at that time is the total of all amounts each of which is an amount that was advanced to the Canadian affiliate on account of principal, that remains outstanding at that time, and that is determined using the exchange rate that applied between the foreign currency and Canadian currency at the time of the advance; and (c) for the purpose of applying paragraphs 20(1)(e) and (f) in respect of the debt obligation, the obligation is deemed not to have been settled or extinguished by virtue of its assumption by the entrant bank and the entrant bank is deemed to be the same corporation as, and a continuation of, the Canadian affiliate.
Notwithstanding any other provision of this Act, the rules in subsection (10) apply if (a) a dividend is paid by a Canadian affiliate of an entrant bank to the entrant bank or to a person that is affiliated with the Canadian affiliate and that is resident in the country in which the entrant bank is resident, or (b) a dividend is deemed to be paid for the purposes of this Part or Part XIII (other than by paragraph 214(3)(a)) as a result of a transfer of property from the Canadian affiliate to such a person, and the Canadian affiliate and the entrant bank jointly elect in accordance with subsection (11) to have subsection (10) apply in respect of the dividend.
Exception (1.02) Le paragraphe (1.01) ne s’applique au transfert d’un bien par un particulier à une fiducie dont les modalités remplissent les conditions énoncées aux sous-alinéas (1.01)(c)(ii) ou (iii) que si les conditions suivantes sont réunies : a) la fiducie a été établie après 1999; b) selon le cas : (i) le particulier avait atteint l’âge de 65 ans au moment de l’établissement de la fiducie, (ii) le transfert n’a pas pour effet de changer la propriété effective du bien et, immédiatement après le transfert, aucune personne (sauf le particulier) ni société de personnes n’a de droit absolu ou conditionnel à titre de bénéficiaire de la fiducie (déterminé par rapport au paragraphe 104(1.1)); c) dans le cas d’une fiducie dont les modalités remplissent les conditions énoncées aux sous-alinéas (1.01)(c)(ii), la fiducie ne fait pas le choix prévu au sous-alinéa 104(4)(a)(ii.1). Interprétation (1.1) Il est entendu qu’un bien est réputé, pour l’application des paragraphes (1) et (1.01), être un bien du particulier mentionné au paragraphe (1) qui a été transféré à un cessionnaire si les conditions suivantes sont réunies : a) en vertu des lois d’une province ou par l’effet d’une ordonnance ou d’un jugement rendu par un tribunal compétent en conformité avec ces lois, le bien, selon le cas : (i) est acquis ou réputé avoir été acquis par le cessionnaire, (ii) est réputé ou déclaré être la propriété du cessionnaire, ou lui a été accordé, (iii) est dévolu au cessionnaire; b) le bien est une immobilisation du particulier mentionné au paragraphe (1), ou l’aurait été en l’absence des lois en question. Coût en capital et sommes réputées accordées au bénéficiaire du transfert
If the conditions in subsection (9) are met, (a) the dividend is deemed (except for the purposes of subsections 112(3) to (7)) not to be a taxable dividend; and (b) there is added to the amount otherwise determined under paragraph 219(1)(g) in respect of the entrant bank for its first taxation year that ends after the time at which the dividend is paid, the amount of the dividend less, where the dividend is paid by means of, or arises as a result of, a transfer of eligible property in respect of which the Canadian affiliate and the entrant bank have jointly elected under subsection (3), the amount by which the fair market value of the property transferred exceeds the amount the Canadian affiliate and the entrant bank have agreed on in their election. (a) the entrant bank by which the election is made has, on or before the day that is 6 months after the day on which the Income Tax Amendments Act, 2000 receives royal assent, complied with paragraphs 1.1(b) and (c) of the “Guide to Foreign Bank Branches in Canada” in respect of the establishment and commencement of business of a foreign bank branch in Canada issued by the Office of the Superintendent of Financial Institutions, as it read on December 31, 2000; (b) the election is made in prescribed form on or before the earlier of the filing-due date of the Canadian affiliate and the filing-due date of the entrant bank, for the taxation year that includes the time at which (i) in the case of an election under subsection (3) or (7), paragraph (8)(a) or (b) or subsection (10), the dividend, transfer or assumption to which the election relates is paid, made or effected, or (ii) in the case of an election under subsection (12), the dissolution order was granted or the winding up commenced; and (c) in the case of an election under subsection (3) or (7), paragraph (8)(a) or (b) or subsection (10), the dividend, transfer or assumption to which the election relates is paid, made or effected within the period that (i) begins on the day on which the Superintendent makes an order in respect of the entrant bank under subsection 534(1) of the Bank Act, and (ii) ends on the later of (I) the day that is one year after the day referred to subparagraph (i), and (II) the day that is three years after the day on which the Income Tax Amendments Act, 2000 receives royal assent, and (B) the day that is one year after the day on which the Income Tax Amendments Act, 2000 receives royal assent. Winding-up of Canadian affiliate: losses (a) within the period described in paragraph (11)(c) in respect of the entrant bank, (i) the Minister of Finance has issued letters patent under section 342 of the Bank Act or section 347 of the Trust and Loan Companies Act dissolving the Canadian affiliate or an order under section 345 of the Bank Act or section 350 of the Trust and Loan Companies Act approving the Canadian affiliate’s application for dissolution (such letters patent or order being referred to in this subsection as the “dissolution order”), or (ii) the affiliate has been wound up under the terms of the corporate law that governs it, (b) the entrant bank carries on all or part of the business in Canada that was formerly carried on by the Canadian affiliate, and (c) the Canadian affiliate and the entrant bank jointly elect in accordance with subsection (11) to have this section apply then in applying section 111 for the purpose of computing the taxable income earned in Canada of the entrant bank for any taxation year that begins after the date of the dissolution order or the commencement of the winding-up, as the case may be, (d) subject to paragraphs (e) and (h), the portion of a non-capital loss of the Canadian affiliate for a taxation year (in this paragraph referred to as the “Canadian affiliate’s loss year”) that can reasonably be regarded as being its loss from carrying on a business in Canada (in this paragraph referred to as the “loss business”) or being in respect of a claim made under section 110.5, to the extent that it (i) was not deducted in computing the taxable income of the Canadian affiliate or any other entrant bank for any taxation year, and (ii) would have been deductible in computing the taxable income of the Canadian affiliate for any taxation year that begins after the date of the dissolution order or the commencement of the winding up, as the case may be, on the assumption that it had such a taxation year and that it had sufficient income for that year, is deemed, for the taxation year of the entrant bank in which the Canadian affiliate’s loss year ended, to be a non-capital loss of the entrant bank from carrying on the loss business (or, in respect of a claim made under section 110.5, to be a non-capital loss of the entrant bank in respect of a claim under subparagraph 115(1)(a)(vii)) that was not deductible by the entrant bank in computing its taxable income earned in Canada for any taxation year that began before the date of the dissolution order or the commencement of the winding up, as the case may be. (e) if at any time control of the Canadian affiliate or entrant bank has been acquired by a person or group of persons, no amount in respect of the Canadian affiliate’s non-capital loss for a taxation year that ends before that time is deductible in computing the taxable income earned in Canada of the entrant bank for a particular taxation year that ends after that time, except that the portion of the loss that can reasonably be regarded as the Canadian affiliate’s loss from carrying on a business in Canada and, where a business was carried on by the Canadian affiliate in Canada in the earlier year, the portion of the loss that can reasonably be regarded as being in respect of an amount deductible under paragraph 110(1)(k) in computing its taxable income for the year are deductible only (i) if that business is carried on by the Canadian affiliate or the entrant bank for profit or with a reasonable expectation of profit throughout the particular year, and (ii) to the extent of the total of the entrant bank’s income for the particular year from that business, and where properties were sold, leased, rented or developed or services rendered in the course of carrying on that business before that time, from any other business substantially all of the income of which was derived from the sale, leasing, rental or development, as the case may be, of similar properties or the rendering of similar services, and for the purpose of this paragraph, where subsection 88(1.1) applied to the dissolution of another corporation in respect of which the Canadian affiliate was the parent and paragraph 88(1.1)(e) applied in respect of losses of that other corporation, the Canadian affiliate is deemed to be the same corporation as, and a continuation of, that other corporation with respect to those losses, (f) subject to paragraphs (g) and (h), a net capital loss of the Canadian affiliate for a taxation year (in this paragraph referred to as the “Canadian affiliate’s loss year”) is deemed to be a net capital loss of the entrant bank for its taxation year in which the Canadian affiliate’s loss year ended to the extent that the loss (i) was not deducted in computing the taxable income of the Canadian affiliate or any other entrant bank for any taxation year, and (ii) would have been deductible in computing the taxable income of the Canadian affiliate for any taxation year beginning after the date of the dissolution order or the commencement of the winding-up, as the case may be, on the assumption that the Canadian affiliate had such a taxation year and that it had sufficient income and taxable capital gains for that year, (g) if at any time control of the Canadian affiliate or the entrant bank has been acquired by a person or group of persons, no amount in respect of the Canadian affiliate’s net capital loss for a taxation year that ends before that time is deductible in computing the entrant bank’s taxable income earned in Canada for a taxation year that ends after that time, and (h) any loss of the Canadian affiliate that would otherwise be deemed by paragraph (d) or (f) to be a loss of the entrant bank for a particular taxation year that begins after the date of the dissolution order or the commencement of the winding-up, as the case may be, is deemed, for the purpose of computing the entrant bank’s taxable income earned in Canada for taxation years that begin after that date, to be such a loss of the entrant bank for its immediately preceding taxation year and not for the particular year, if the entrant bank so elects in its return of income for the particular year. Winding-up of Canadian affiliate: stop loss
Si un cessionnaire est réputé, en vertu du paragraphe (1), avoir acquis un bien amortissable d’une catégorie Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
If a Canadian affiliate and its entrant bank have at any time made a joint election under either of subsection (3) or (12), (a) in respect of any transfer of property, directly or indirectly, by the Canadian affiliate to the entrant bank or a person with whom the entrant bank does not deal at arm’s length, (iii) paragraph 18(15)(b) shall be read without reference to subparagraph (iv) of that paragraph, and (b) in respect of any property of the Canadian affiliate appropriated to or for the benefit of the entrant bank or any person with whom the entrant bank does not deal at arm’s length, section 69(5) shall be read without reference to paragraph (d); and (c) for the purposes of applying subsection 13(21.2), 18(15) and 40(3.4) to any property that was disposed of by the affiliate, after the dissolution or winding-up of the affiliate, the entrant bank is deemed to be the same corporation as, and a continuation of, the affiliate. Winding-up of Canadian affiliate: SDOs
When subsection (3.1) applies Inter vivos transfer of farm or fishing property to child Impôt sur le revenu
If a Canadian affiliate of an entrant bank and the entrant bank meet the conditions set out in paragraphs (12)(a) and (b) and jointly elect in accordance with subsection (11) to have this subsection apply, and the Canadian affiliate has not made an election under this subsection with any other entrant bank, the entrant bank is deemed to be the same corporation as, and a continuation of, the Canadian affiliate for the purposes of paragraphs 142.4(4)(c) and (d) in respect of any specified debt obligation disposed of by the Canadian affiliate. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.]
(a) a trust is deemed to be created on the day that is the later of (i) December 31, 1976, and (ii) the day the congregation came into existence; (b) the trust is deemed to have been continuously in existence from the day determined under paragraph (a); (c) the property of the congregation is deemed to be the property of the trust; (d) the property of each business agency of the congregation in a calendar year is deemed to be property of the trust throughout the portion of the year throughout which the trust exists; (e) where the congregation is a corporation, the corporation is deemed to be the trustee having control of the trust property; (f) where the congregation is not a corporation, its council, committee of leaders, executive committee, administrative committee, officers or other group charged with its management are deemed to be the trustees having control of the trust property; (g) the congregation is deemed to act and to have always acted as agent for the trust in all matters relating to its businesses and other activities; (h) each business agency of the congregation in a calendar year is deemed to have acted as agent for the trust in all matters in the year relating to its businesses and other activities; (ii) the members of the congregation are deemed to be the beneficiaries under the trust; (j) tax under this Part is payable by the trust on its taxable income for each taxation year; (k) in computing the income of the trust for any taxation year, (i) subject to paragraph (l), no deduction may be made in respect of salaries, wages or benefits of any kind provided to the members of the congregation, (ii) no deduction may be made under subsection 104(6), except to the extent that any portion of the trust’s income (determined without reference to that subsection) is allocated to the members of the congregation in accordance with subsection (2); (l) for the purpose of applying section 20.01 to the trust, (i) each member of the congregation is deemed to be a member of the trust’s household, and Election in respect of income
If the trust referred to in subsection (1) in respect of a congregation so elects in respect of a taxation year in writing filed with the Minister on or before the trust’s filing-due date for the year and all the congregation’s participating members are specified in the election in accordance with subsection (5), the following rules apply: (a) for the purposes of subsections 104(6) and (13), the amount payable in the year to a particular participating member of the congregation out of the income of the trust (determined without reference to subsection 104(6)) is the amount determined by the formula A is the taxable income of the trust for the year (determined without reference to subsection 104(6) and specified future tax consequences for the year), (i) where the particular member is identified in the election as a person to whom this subparagraph applies (in this subsection referred to as a “designated member”), 1, and C is the total of (i) the number of designated members of the congregation, and (ii) 1/2 of the number of other participating members of the congregation in respect of the year, D is the amount, if any, that is specified in the election as an additional allocation under this subsection to the particular member, E is the total of all amounts each of which is an amount specified in the election as an additional allocation under this subsection to a participating member of the congregation in respect of the year, F is the number of participating members of the congregation in respect of the year; (b) the designated member of each family at the end of the year is deemed to have supported the other members of the family during the year and the other members of the family are deemed to have been wholly dependent on the designated member for support during the year; (c) the taxable income for the year of each member of the congregation shall be computed without reference to subsection 110(2); and (d) if the trust earns income from a business in the year, then the portion of the amount payable in the year to a particular participating member of the congregation out of the income of the trust under paragraph (a) that can reasonably be considered to relate to that income from a business is deemed to be income from a business carried on by the particular member. The election must be filed with the Minister on or before the day on or before the day on which the trust’s return of income under this Part for the year is required to be filed. Refusal to accept election
An election under subsection (2) in respect of a congregation for a particular taxation year is not binding on the Minister unless all taxes, interest and penalties payable under this Part, as a consequence of the application of subsection (2) to the congregation for preceding taxation years, are paid at or before the end of the particular year. Election in respect of gifts (3.1) For the purposes of section 118.1, if the eligible amount of a gift made in a taxation year by a trust referred to in subsection (1) in respect of a congregation would, but for this subsection, be included in the total charitable gifts, total cultural gifts or total ecological gifts of the trust for the year and the trust so elects in its return of income under this Part for the year, (a) the trust is deemed not to have made the gift; and (b) each participating member of the congregation is deemed to have made, in the year, such a gift the eligible amount of which is the amount determined by the formula A is the eligible amount of the gift made by the trust, B is the amount determined for the year in respect of the member under paragraph(2)(a) as a consequence of an election under subsection (2) by the trust, and C is the total of all amounts each of which is an amount determined for the year in respect of a participating member of the congregation under paragraph (2)(a) as a consequence of an election under subsection (2) by the trust.
prescrite, appartenant à un contribuable, pour la somme déterminée selon l’alinéa (1)b) et que le coût en capital du bien pour le contribuable excède cette somme, les règles ci-après s’appliquent aux articles 13 et 20 et ainsi qu’aux dispositions réglementaires prises en application de l’alinéa 20(1)a) : a) le coût en capital du bien pour le cessionnaire est réputé être égal au montant qui en était le coût en capital pour le contribuable; b) l’excédent est réputé avoir été accordé au cessionnaire à titre de déduction relative au bien, selon des dispositions réglementaires prises en application de l’alinéa 20(1)a), dans le calcul du revenu des années d’imposition antérieures à l’acquisition du bien. Application du par. (3.1)
For the purposes of this section, adult means an individual who, before the time at which the term is applied, has attained the age of eighteen years or is married or in a common-law partnership; (adulte) business agency, of a congregation at any time in a particular calendar year, means a corporation, trust or other person, where the congregation owned all the shares of the capital stock of the corporation (except directors’ qualifying shares) or every interest in the trust or other person, as the case may be, throughout the portion of the particular calendar year throughout which both the congregation and the corporation, trust or other person, as the case may be, were in existence; (agence commerciale) congregation means a community, society or body of individuals, whether or not incorporated, (a) the members of which live and work together, (b) that adheres to the practices and beliefs of, and operates according to the principles of, the religious organization of which it is a constituent part, (c) that does not permit any of its members to own any property in their own right, and (d) that requires its members to devote their working lives to the activities of the congregation; (congrégation) family means, (a) in the case of an adult who is unmarried and who is not in a common-law partnership, that person and the person’s children who are not adults, not married and not in a common-law partnership, and (b) in the case of an adult who is married or in a common-law partnership, that person and the person’s spouse or common-law partner and the children of either or both of them who are not adults, not married and not in a common-law partnership but does not include an individual who is included in any other family or who is not a member of the congregation in which the family is included; (famille) member of a congregation means (a) an adult, living with the members of the congregation, who conforms to the practices of the religious organization of which the congregation is a constituent part whether or not that person has been formally accepted into the organization, and (b) a child who is unmarried and not in a common-law partnership, other than an adult, of an adult referred to in paragraph (a), if the child lives with the members of the congregation; (membre d’une congrégation) participating member, of a congregation in respect of a taxation year, means an individual who, at the end of the year, is an adult who is a member of the congregation; (membre participant) religious organization means an organization, other than a registered charity, of which a congregation is a constituent part, that adheres to beliefs, evidenced by the religious and philosophical tenets of the organization, that include a belief in the existence of a supreme being. (organisme religieux) total charitable gifts has the meaning assigned by subsection 118.1(1). (total des dons de bienfaisance) total cultural gifts has the meaning assigned by subsection 118.1(1). (total des dons de biens culturels) Specification of family members
Le paragraphe (3.1) s’applique à un contribuable et à son enfant, relativement à un bien que le contribuable a transféré à l’enfant, si les conditions suivantes sont réunies : a) avant le transfert, le bien était un fonds de terre, ou un bien amortissable d’une catégorie prescrite du contribuable, situé au Canada; b) l’enfant du contribuable résidait au Canada immédiatement avant le transfert; c) le bien a été utilisé principalement dans le cadre d’une entreprise agricole ou de pêche dans laquelle le contribuable ou son époux ou conjoint de fait, son enfant, son père ou sa mère soit prenait une part active de façon régulière et continue, soit, s’il s’agit d’un bien utilisé dans le cadre de l’exploitation d’une terre à bois, prenait la mesure requise par un plan d’aménagement forestier visé par règlement relativement à cette terre. Transfert entre vifs de biens agricoles ou de pêche à un enfant (3.1) Si, par l’effet du paragraphe (3), le présent paragraphe s’applique au contribuable et à son enfant relativement à un bien que le contribuable a transféré à l’enfant, les règles suivantes s’appliquent : a) si, immédiatement avant le transfert, le bien était un bien amortissable d’une catégorie prescrite, le contribuable est réputé en avoir disposé au moment du transfert pour un produit de disposition égal à ce des sommes suivantes qui est applicable : (i) si les sous-alinéas (ii) et (iii) ne s’appliquent pas, le produit de disposition du bien pour le contribuable, déterminé par ailleurs, (B) the lesser of (c) [Repealed, 2016, c. 12, s. 21] (d) subsection 69(1) does not apply to the taxpayer and the child in respect of the property; (f) and (g) [Repealed, 2016, c. 12, s. 21] When subsection (4.1) applies d) le paragraphe 69(1) ne s’applique pas au contribuable ni à l’enfant relativement au bien; e) l’enfant est réputé avoir acquis le bien à un coût égal au produit de disposition que le contribuable est réputé avoir reçu au titre de la disposition du bien, déterminé : (i) selon l’alinéa a), s’il s’agit d’un bien amortissable du contribuable, (ii) selon l’alinéa b), s’il s’agit d’un fonds de terre du contribuable; f) et g) [Abrogés, 2016, ch. 12, art. 21] h) si le bien est un bien amortissable d’une catégorie prescrite du contribuable et que son coût en capital pour le contribuable excède son coût pour l’enfant, pour l’application des articles 13 et 20 et de toute disposition réglementaire prise pour l’application de l’alinéa 20(1)a) : (i) le coût en capital du bien pour l’enfant est réputé correspondre à la somme qui correspondait au coût en capital du bien pour le contribuable immédiatement avant le transfert, (ii) l’excédent est réputé avoir été accordé à l’enfant relativement au bien en vertu des dispositions réglementaires prises pour l’application de l’alinéa 20(1)a) dans le calcul du revenu pour les années d’imposition s’étant terminées avant l’acquisition du bien par l’enfant. Application du par. (4.1)
For the purpose of applying subsection (2) to a particular election by the trust referred to in subsection (1) in respect of a congregation for a particular taxation year, (a) subject to paragraph (b), a participating member of the congregation is considered to have been specified in the particular election in accordance with this subsection if the member is identified in the particular election as (i) where the member’s family includes only one adult at the end of the particular year, the member is identified in the particular election as a person to whom subparagraph (i) of the description of B in subsection (2) (in this subsection referred to as the “relevant subparagraph”) applies, and (ii) in any other case, only one of the adults in the member’s family is identified in the particular election as a person to whom the relevant subparagraph applies; and (b) an individual is considered not to have been specified in the particular election in accordance with this subsection if (i) the individual is one of two individuals who were married to each other, or in a common-law partnership, at the end of a preceding taxation year of the trust and at the end of the particular year, (ii) one of those individuals was (B) in any other case, identified in an election under subsection (2) by the trust for the preceding year as a person to whom the relevant subparagraph applied, and (iii) the other individual is identified in the particular election as a person to whom the relevant subparagraph applies.
Le paragraphe (4.1) s’applique à un contribuable et à un enfant, relativement à un bien qui a été transféré à l’enfant, si les conditions suivantes sont réunies : a) l’enfant résidait au Canada immédiatement avant le transfert; b) le bien était, immédiatement avant le transfert, une action du capital-actions d’une société agricole ou de pêche familiale du contribuable ou une participation dans une société de personnes agricole ou de pêche familiale, au sens du paragraphe 70(10). Transfert entre vifs de sociétés et sociétés de personnes agricoles ou de pêche familiales (4.1) Si, par l’effet du paragraphe (4), le présent paragraphe s’applique au contribuable et à son enfant relativement au transfert d’un bien effectué par le contribuable à l’enfant, les règles suivantes s’appliquent : Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
amateur athlete at any time means an individual (other than a trust) who is, at that time, (a) a member of a registered Canadian amateur athletic association; (b) eligible to compete, in an international sporting event sanctioned by an international sports federation, as a Canadian national team member; and professional athlete means an individual who receives income that is compensation for, or is otherwise attributable to, the individual’s activities as a player or athlete in a professional sport. (athlète professionnel) qualifying performance income of an individual means income that (a) is received by the individual in a taxation year in which (i) the individual was, at any time, an amateur athlete, and (ii) the individual was not, at any time, a professional athlete; (b) may reasonably be considered to be in connection with the individual’s participation as an amateur athlete in one or more international sporting events referred to in the definition amateur athlete; and (c) is endorsement income, prize money, or income from public appearances or speeches. (revenu de performance admissible) third party in respect of an arrangement described in paragraph (1.1)(b) means a person who deals at arm’s length with the amateur athlete in respect of the arrangement. (tiers) (a) a national sport organization that is a registered Canadian amateur athletic association receives an amount for the benefit of an individual under an arrangement made under rules of an international sport federation that require amounts to be held, controlled and administered by the organization in order to preserve the eligibility of the individual to compete in a sport sanctioned by the federation; or (b) an individual enters into an arrangement that (i) is an account with an issuer described in paragraph (b) of the definition qualifying arrangement in subsection 146.2(1), or that would be so described if that definition applied at that time, (ii) provides that no amount may be deposited, credited or added to the account, other than an amount that is qualifying performance income of the individual or that is interest or other income in respect of the property deposited, credited or added to the account, (iii) provides that a third party is a mandatory signatory on any payment from the account, and (iv) is not a registered retirement savings plan or a TFSA. (1.2) If this subsection applies in respect of an arrangement referred to in subsection (1.1), (a) a trust (in this section referred to as the “amateur athlete trust”) is deemed (i) to be created on the day on which the first amount referred to in paragraph (1.1)(a) or (b) is received by the sport organization or by the issuer, as the case may be, in respect of the arrangement, and (ii) to exist until subsection (3) or (4) applies in respect of the trust; (b) all property held under the arrangement is deemed to be the property of the amateur athlete trust and not property of any other person; (c) if, at any time, the sport organization or the issuer, as the case may be, receives an amount under the arrangement and the amount would, in the absence of this subsection, be included in computing the income of the individual in respect of the arrangement for the taxation year that includes that time, the amount is deemed to be income of the amateur athlete trust for that taxation year and not to be income of the individual; (d) if, at any time, the sport organization or the issuer, as the case may be, pays or transfers an amount under the arrangement to or for the benefit of the individual, the amount is deemed to be an amount distributed at that time to the individual by the amateur athlete trust; (e) the individual is deemed to be the beneficiary under the amateur athlete trust; (f) the sport organization or the third party, as the case may be, in respect of the arrangement is deemed to be the trustee of the amateur athlete trust; and (g) no tax is payable under this Part by the amateur athlete trust on its taxable income for any taxation year. Amounts included in beneficiary’s income
Impôt sur le revenu
In computing the income for a taxation year of the beneficiary under an amateur athlete trust, there shall be included the total of all amounts distributed in the year to the beneficiary by the trust. Termination of amateur athlete trust
Where an amateur athlete trust holds property on behalf of a beneficiary who has not competed in an international sporting event as a Canadian national team member for a period of 8 years that ends in a particular taxation year and that begins in the year that is the later of (a) where the beneficiary has competed in such an event, the year in which the beneficiary last so competed, and (b) the year in which the trust was created, the trust shall be deemed to have distributed, at the end of the particular taxation year to the beneficiary, an amount equal to (c) if the trust is liable to pay tax under Part XII.2 in respect of the particular year, 60% of the fair market value of all property held by it at that time, and (d) in any other case, the fair market value of all property held by it at that time.
Where an amateur athlete trust holds property on behalf of a beneficiary who dies in a year, the trust shall be deemed to have distributed, immediately before the death, to the beneficiary, an amount equal to (a) if the trust is liable to pay tax under Part XII.2 in respect of the year, 60% of the fair market value of all property held by it at that time; and (b) in any other case, the fair market value of all property held by it at that time. Cost of Tax Shelter Investments and Limited-recourse Debt in Respect of Gifting Arrangements
expenditure means an outlay or expense or the cost or capital cost of a property. (dépense) limited partner has the meaning that would be assigned by subsection 96(2.4) if that subsection were read without reference to “if the member’s partnership interest is not an exempt interest (within the meaning assigned by subsection 96(2.5)) at that time and”. (commanditaire) limited-recourse amount means the unpaid principal amount of any indebtedness for which recourse is Costs of Tax Shelter Investments and Limited-recourse Debt in Respect of Gifting Arrangements limited, either immediately or in the future and either absolutely or contingently. (montant à recours limité) taxpayer includes a partnership. (contribuable) tax shelter investment means (a) a property that is a tax shelter for the purpose of subsection 237.1(1); or (b) a taxpayer’s interest in a partnership where (i) an interest in the taxpayer (A) is a tax shelter investment, and (B) the taxpayer’s partnership interest would be a tax shelter investment if (I) this Act were read without reference to this paragraph and to the words “having regard to statements or representations made or proposed to be made in connection with the property” in the definition of tax shelter in subsection 237.1(1), (II) the references in that definition to represented were read as references to “that can reasonably be expected”, and (III) the reference in that definition to is represented were read as a reference to “can reasonably be expected”, (ii) another interest in the partnership is a tax shelter investment, or (iii) the taxpayer’s interest in the partnership entitles the taxpayer, directly or indirectly, to a share of the income or loss of a particular partnership where (A) another taxpayer holding a partnership interest is entitled, directly or indirectly, to a share of the income or loss of the particular partnership, and
a) sous réserve de l’alinéa c), si le bien était, immédiatement avant le transfert, une action du capital-actions d’une société agricole ou de pêche familiale du contribuable ou une participation dans une société de personnes agricole ou de pêche familiale du contribuable, celui-ci est réputé en avoir disposé au moment du transfert pour un produit de disposition égal à celle des sommes ci-après qui est applicable : (i) si les sous-alinéas (ii) et (iii) ne s’appliquent pas, le produit de disposition du bien pour le contribuable, déterminé par ailleurs, (ii) la plus élevée des sommes visées aux divisions (A) et (B), si le produit de disposition du bien pour le contribuable, déterminé par ailleurs, excède la plus élevée des sommes suivantes : (A) la juste valeur marchande du bien immédiatement avant le moment du transfert, (B) le prix de base rajusté du bien pour le contribuable immédiatement avant le moment du transfert, (iii) si le produit de disposition du bien pour le contribuable, déterminé par ailleurs, est inférieur à la moins élevée des sommes visées aux divisions (ii)(A) et (B), la moins élevée de ces sommes; b) sous réserve de l’alinéa c), si le bien était, immédiatement avant le transfert, une action du capital-actions d’une société agricole ou de pêche familiale du contribuable ou une participation dans une société de personnes agricole ou de pêche familiale du contribuable, l’enfant est réputé l’avoir acquis pour une somme égale au produit de disposition du bien pour le contribuable en vertu de l’alinéa a); c) si le bien était, immédiatement avant le transfert, une participation dans une société de personnes agricole ou de pêche familiale du contribuable (sauf une participation à laquelle le paragraphe 100(3) s’applique), que le contribuable ne reçoit aucune contrepartie relativement au transfert du bien et qu’il fait un choix, dans sa déclaration de revenu produite en vertu de la présente partie pour l’année d’imposition qui comprend le moment du transfert, afin que le présent alinéa s’applique relativement au transfert du bien : (i) le contribuable est réputé, sauf pour l’application de l’alinéa 98(5)b), ne pas avoir disposé du bien au moment du transfert, (ii) l’enfant est réputé avoir acquis le bien au moment du transfert à un coût égal au coût pour le contribuable de la participation immédiatement avant le transfert, (d) subsection 69(1) does not apply to the taxpayer and the child in respect of the property. Disposition of a NISA Application of s. 70(10) NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 72; 1994, c. 7, Sch. II, s. 50; Sch. VIII, s. 29; c. 21, s. 34; 1995, c. 3, s. 36; 2000, c. 12, s. 142; 2001, c. 17, s. 53; 2002, c. 9, s. 28; 2007, c. 35, s. 211; 2013, c. 34, s. 211; 2014, c. 39, s. 16; 2016, c. 12, s. 21. Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION c Rules Relating to Computation of Income
For the purpose of this section, an at-risk adjustment in respect of an expenditure of a particular taxpayer, other than the cost of a partnership interest to which subsection 96(2.2) applies, means any amount or benefit that the particular taxpayer, or another taxpayer not dealing at arm’s length with the particular taxpayer, is entitled, either immediately or in the future and either absolutely Cost of Tax Shelter Investments and Limited-recourse Debt in Respect of Gifting Arrangements or contingently, to receive or to obtain, whether by way of reimbursement, compensation, revenue guarantee, proceeds of disposition, loan or any other form of indebtedness, or in any other form or manner whatever, granted to or to be granted for the purpose of reducing the impact, in whole or in part, of any loss that the particular taxpayer may sustain in respect of the expenditure or, where the expenditure is the cost or capital cost of a property, any loss from the holding or disposition of the property. Amount or benefit not included
(NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 74.1; 1996, c. 7, Sch. VI, s. 40, 2000, c. 12, s. 142; 2007, c. 2, s. 129; 2011, c. 24, s. 16.) exceeds --- Impôt sur le revenu
For the purpose of subsection 143.2(2), an at-risk adjustment in respect of a taxpayer’s expenditure does not include an amount or benefit (a) to the extent that it is included in determining the value of J in the definition cumulative Canadian exploration expense in subsection 66.1(6), of M in the definition cumulative Canadian development expense in subsection 66.2(5) or of N in the definition cumulative Canadian oil and gas property expense in subsection 66.4(5) in respect of the taxpayer; or (b) the entitlement to which arises (i) because of a contract of insurance with an insurance corporation dealing at arm’s length with the taxpayer (and, where the expenditure is the cost of an interest in a partnership, with each member of the partnership) under which the taxpayer is insured against any claim arising as a result of a liability incurred in the ordinary course of carrying on the business of the taxpayer or the partnership, (ii) as a consequence of the death of the taxpayer, (iii) in respect of an amount not included in the expenditure, determined without reference to subparagraph 143.2(6)(b)(ii), or (iv) because of an excluded obligation (as defined in subsection 6202.1(5) of the Income Tax Regulations) in relation to a share issued to the taxpayer or, where the expenditure is the cost of an interest in a partnership, to the partnership.
For the purposes of subsections 143.2(2) and (3), where the amount or benefit to which a taxpayer is entitled at any time is provided by way of an agreement or other arrangement under which the taxpayer has a right, either immediately or in the future and either absolutely or contingently (otherwise than as a consequence of the death of the taxpayer), to acquire property, for greater certainty the amount or benefit to which the taxpayer is entitled under the agreement or arrangement is considered to be not less than the fair market value of the property at that time.
For the purposes of subsections 143.2(2) and (3), where the amount or benefit to which a taxpayer is entitled at any time is provided by way of a guarantee, security or similar indemnity or covenant in respect of any loan or other obligation of the taxpayer, for greater certainty the amount or benefit to which the taxpayer is entitled under the guarantee or indemnity at any particular time is considered to be not less than the total of the unpaid amount of the loan or obligation at that time and all amounts outstanding in respect of the loan or obligation at that time. Amount of expenditure
Notwithstanding any other provision of this Act, the amount of any expenditure that is, or is the cost or capital cost of, a taxpayer’s tax shelter investment, and the amount of any expenditure of a taxpayer an interest in which is a tax shelter investment, shall be reduced to the amount, if any, by which (a) the amount of the taxpayer’s expenditure otherwise determined (i) the limited-recourse amounts of (A) the taxpayer, and (B) all other taxpayers not dealing at arm’s length with the taxpayer that can reasonably be considered to relate to the expenditure, (ii) the taxpayer’s at-risk adjustment in respect of the expenditure, and (iii) each limited-recourse amount and at-risk adjustment, determined under this section when this Division E.1 Special Rules Applicable in Certain Circumstances Cost of Non-Charter Investments and Limited-recourse Debt in Respect of Gifting Arrangements Limited-recourse debt in respect of a gift or monetary contribution (6.1) The limited-recourse debt in respect of a gift or monetary contribution of a taxpayer, at the time the gift or monetary contribution is made, is the total of (a) each limited-recourse amount at that time, of the taxpayer and of all other taxpayers not dealing at arm’s length with the taxpayer, that can reasonably be considered to relate to the gift or monetary contribution, (b) each limited-recourse amount at that time, determined under this section when this section is applied to each other taxpayer who deals at arm’s length with and holds, directly or indirectly, an interest in the taxpayer, that can reasonably be considered to relate to the gift or monetary contribution, and (c) each amount that is the unpaid amount at that time of any other indebtedness, of any taxpayer referred to in paragraph (a) or (b), that can reasonably be considered to relate to the gift or monetary contribution if there is a guarantee, security or similar indemnity or covenant in respect of that or any other indebtedness.
au profit d’une personne et que le bien prêté ou transféré ou un bien y substitué est utilisé : a) soit pour rembourser tout ou partie de l’argent emprunté et utilisé pour acquérir un autre bien; b) soit pour réduire un montant payable pour un autre bien, est inclus dans le calcul du revenu tiré du bien prêté ou transféré, ou du bien y substitué, ainsi utilisé la proportion de la multiplication du revenu ou de la perte, dérivé après ce moment de l’autre bien ou du bien y substitué, par rapport entre la juste valeur marchande à ce moment du bien prêté ou transféré ou du bien y substitué, ainsi utilisé et le coût de l’autre bien pour cette personne au moment de son acquisition; et il est entendu toutefois que le présent paragraphe n’a pas pour effet de modifier l’application des paragraphes (1) et (2) à un revenu ou une perte dérivé de l’autre bien ou du bien y substitué. (NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés : L.R. (1985), ch. 1 (5e suppl.), art. 74.1; 1996, ch. 7, ann. VI, art. 40; 2000, ch. 12, art. 142; 2007, ch. 2, art. 129; 2011, ch. 24, art. 16.) Gain ou perte réputé du prêteur ou de l’auteur du transfert
For the purpose of this section, the unpaid principal of an indebtedness is deemed to be a limited-recourse amount unless (a) bona fide arrangements, evidenced in writing, were made, at the time the indebtedness arose, for repayment by the debtor of the indebtedness and all interest on the indebtedness within a reasonable period not exceeding 10 years; and (b) interest is payable at least annually, at a rate equal to or greater than the lesser of (i) the prescribed rate of interest in effect at the time the indebtedness arose, and (ii) the prescribed rate of interest applicable from time to time during the term of the indebtedness, Costs of Tax Shelter Investments and Limited-recourse Debt in Respect of Gifting Arrangements and is paid in respect of the indebtedness by the debtor no later than 60 days after the end of each taxation year of the debtor that ends in the period. Limited-recourse amount
a) est réputé être un gain en capital imposable réalisé par le particulier pour l’année sur la disposition d’un bien, à l’exclusion d’un bien meuble déterminé, l’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le total des gains en capital imposables réalisés par le bénéficiaire pour l’année sur la disposition de biens (à l’exclusion de biens meubles déterminés) qui sont des biens prêtés ou transférés ou des biens y substitués, pendant la période — appelée « période d’attribution » au présent paragraphe — tout au long de laquelle le particulier réside au Canada et le bénéficiaire est son époux ou conjoint de fait, (ii) le total des pertes en capital déductibles subies par le bénéficiaire pour l’année de la disposition, effectuée pendant la période d’attribution, de biens (à l’exclusion de biens meubles déterminés) qui sont exceeds des biens prêtés ou transférés ou des biens y substitués; b) est réputé être une perte en capital déductible subie par le particulier pour l’année à la disposition d’un bien, à l’exclusion d’un bien meuble déterminé, l’excédent éventuel du total visé au sous-alinéa a)(ii) sur le total visé au sous-alinéa a)(i); c) est réputé être un gain réalisé par le particulier pour l’année sur la disposition d’un bien meuble déterminé l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii): (i) le montant qui représenterait le total des gains réalisés par le bénéficiaire pour l’année sur la disposition, effectuée pendant la période d’attribution, de biens meubles déterminés qui sont des biens prêtés ou transférés ou des biens y substitués, si le bénéficiaire n’avait, à aucun moment, été propriétaire de biens meubles déterminés autres que des biens meubles déterminés qui sont des biens prêtés ou transférés ou des biens y substitués; (ii) le montant qui représenterait le total des pertes subies par le bénéficiaire pour l’année sur la disposition de biens meubles déterminés qui sont des biens prêtés ou transférés ou des biens y substitués, si le bénéficiaire n’avait, à aucun moment, été propriétaire de biens meubles déterminés autres que des biens meubles déterminés qui sont des biens prêtés ou transférés ou des biens y substitués; d) est réputé être une perte subie par le particulier pour l’année à la disposition d’un bien meuble déterminé l’excédent éventuel du montant visé au sous-alinéa c)(ii) sur le montant visé au sous-alinéa c)(i); e) tout gain en capital imposable ou toute perte en capital déductible ou tout gain ou toute perte pris en compte dans le calcul d’un montant visé à l’alinéa a), b), c) ou d) est réputé ne pas être un gain en capital imposable, une perte en capital déductible, un gain ou une perte du bénéficiaire, sauf pour l’application de ces alinéas et dans la mesure où le montant ainsi visé est réputé, en application du présent paragraphe, être un gain en capital imposable, une perte en capital déductible, un gain ou une perte du particulier. Présomption de gain ou de perte
For the purpose of this section, the unpaid principal of an indebtedness is deemed to be a limited-recourse amount of a taxpayer where the taxpayer is a partnership and recourse against any member of the partnership in respect of the indebtedness is limited, either immediately or in the future and either absolutely or contingently.
Lorsqu’un montant est réputé, en application des paragraphes (1) ou 75(2) ou de l’article 75.1 de la présente Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION c Rules Relating to Computation of Income Sections 74.2-74.3 Election for subsection (1) to apply Application of subsection (3) [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 74.2; 1994, c. 7, Sch. II, s. 151; 1995, c. 3, s. 20; 2000, c. 12, s. 142; 2001, c. 17, s. 54. Impôt sur le revenu
Where at any time a taxpayer has paid an amount (in this subsection referred to as the “repaid amount”) on account of the principal amount of an indebtedness that was, before that time, an unpaid principal amount of a loan or any other form of indebtedness to which subsection 143.2(2) applies (in this subsection referred to as the “former amount or benefit”) relating to an expenditure of the taxpayer, (a) the former amount or benefit is considered to have been an amount or benefit under subsection 143.2(2) in respect of the taxpayer at all times before that time; and (b) the expenditure is, subject to subsection 143.2(6), deemed to have been made or incurred at that time to the extent of, and by the payment of, the repaid amount.
Where at any time a taxpayer has paid an amount (in this subsection referred to as the “repaid amount”) on account of the principal amount of an indebtedness which was, before that time, an unpaid principal amount that was a limited-recourse amount (in this subsection referred to as the “former limited-recourse indebtedness”) relating to an expenditure of the taxpayer, (a) the former limited-recourse indebtedness is considered to have been a limited-recourse amount at all times before that time; and (b) the expenditure is, subject to subsection 143.2(6), deemed to have been made or incurred at that time to the extent of, and by the amount of, the repaid amount.
Where a taxpayer pays all of the principal of an indebtedness no later than 60 days after that indebtedness arose and the indebtedness would otherwise be considered to be a limited-recourse amount solely because of Cost of Tax Shelter Investments and Limited-recourse Debt in Respect of Gifting Arrangements the application of subsection 143.2(7) or (8), that subsection does not apply to the indebtedness unless (a) any portion of the repayment is made with a limited-recourse amount; or (b) the repayment can reasonably be considered to be part of a series of loans or other indebtedness and repayments that ends more than 60 days after the indebtedness arose. Series of loans or repayments
For the purpose of paragraph 143.2(7)(a), a debtor is considered to have made arrangements to repay an indebtedness within 10 years where the debtor’s arrangement to repay can reasonably be considered to be part of a series of loans or other indebtedness and repayments that ends more than 10 years after it begins. Information located outside Canada
loi ou du paragraphe 74(2) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts revisés du Canada de 1952, être un gain en capital imposable ou une perte en capital déductible d’un particulier pour une année d’imposition, a) pour l’application des articles 3 et 111 dans le cadre de l’article 110.6, la partie du gain ou de la perte qu’il est raisonnable de considérer comme liée à la disposition d’un bien par une autre personne au cours de l’année est réputée résulter de la disposition de ce bien par le particulier au cours de l’année; b) pour l’application de l’article 110.6, le particulier est réputé avoir disposé du bien le jour où l’autre personne en a disposé. Choix en vue de l’application du paragraphe (1)
For the purpose of this section, if it can reasonably be considered that information relating to indebtedness that relates to a taxpayer’s expenditure, gift or monetary contribution is available outside Canada and the Minister is not satisfied that the unpaid principal of the indebtedness is not a limited-recourse amount, the unpaid principal of the indebtedness relating to the taxpayer’s expenditure, gift or monetary contribution is deemed to be a limited-recourse amount relating to the expenditure, gift or monetary contribution unless (a) the information is provided to the Minister; or (b) the information is located in a country with which the Government of Canada has entered into a tax convention or agreement that has the force of law in Canada and includes a provision under which the Minister can obtain the information. Information located outside Canada
Le paragraphe (1) ne s’applique pas à la disposition (appelée dans le présent paragraphe « disposition liée à l’émigration ») visée à l’alinéa 128.1(4)b), si le contribuable, qui est un bénéficiaire mentionné à ce paragraphe, est réputé effectuer au moment donné une disposition du bien visé au paragraphe (1), à moins que le bénéficiaire et le particulier mentionnés au paragraphe (1), dans leurs déclarations de revenu pour l’année d’imposition qui comprend le premier moment, postérieur au moment donné, auquel le bénéficiaire dispose du bien visé à ce paragraphe, ne choisissent conjointement que le paragraphe (1) s’applique à la disposition liée à l’émigration. Application du paragraphe (3)
For the purpose of this section, where it can reasonably be considered that information relating to whether a taxpayer is not dealing at arm’s length with another taxpayer is available outside Canada and the Minister is not satisfied that the taxpayer is dealing at arm’s length with the other taxpayer, the taxpayer and the other taxpayer are deemed not to be dealing with each other at arm’s length unless (a) the information is provided to the Minister; or (b) the information is located in a country with which the Government of Canada has entered into a tax Cost of Non-Resident Investments and Limited-recourse Debt in Respect of Gifting Arrangements convention or agreement that has the force of law in Canada and includes a provision under which the Minister can obtain the information. Assessments
Pour l’application du paragraphe (3) et malgré les paragraphes 152(4) à (5), le ministre établit, pour tenir compte du choix prévu au paragraphe (3), toute cotisation concernant l’impôt payable en vertu de la présente loi par le bénéficiaire ou le particulier mentionnés au paragraphe (1). Pareille cotisation est toutefois sans effet sur le calcul des montants suivants : a) les intérêts payables en vertu de la présente loi à ou par un contribuable pour toute période antérieure à la date d’échéance de production qui lui est applicable pour l’année d’imposition qui comprend le premier moment, postérieur au moment donné visé au paragraphe (3), auquel le bénéficiaire dispose du bien visé à ce paragraphe; b) toute pénalité payable en vertu de la présente loi. [NOTE : Les dispositions d’application ne sont pas incluses dans le texte consolidé; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 74.2; 1994, ch. 7, ann. II, art. 151; 1995, ch. 3, art. 20; 2000, ch. 12, art. 142; 2001, ch. 17, art. 54. Transfert ou prêt à une fiducie
Notwithstanding subsections 152(4) to (5), such assessments, determinations and redeterminations may be made as are necessary to give effect to this section. (NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; 1998, c. 19, s. 168; 2013, c. 34, s. 293.
exceeds laquelle un autre particulier — qui, à un moment donné, est, en ce qui concerne le particulier, une personne désignée — a un droit de bénéficiaire à un moment donné, les règles suivantes s’appliquent : a) pour l’application de l’article 74.1, le revenu que la personne désignée tire du bien prêté ou transféré pour une année d’imposition est réputé correspondre au moindre des montants suivants : (i) le montant, à l’égard de la fiducie, qui est inclus, en vertu de l’alinéa 12(1)m), dans le calcul du revenu de la personne désignée pour l’année, (ii) le produit de la multiplication du montant qui constituerait un revenu que la fiducie tirerait du bien prêté ou transféré ou d’un bien y substitué pour l’année, si aucune déduction n’était faite en vertu du paragraphe 104(6) ou (12), par le rapport entre : (A) d’une part, le montant calculé pour l’année selon le sous-alinéa (i) à l’égard de la personne désignée, (B) d’autre part, le total des montants dont chacun est un montant calculé selon le sous-alinéa (i) pour l’année, en ce qui concerne le particulier et toute autre personne qui est, en ce qui concerne le particulier et tout au long de l’année, une personne désignée; b) pour l’application de l’article 74.2, est réputé être un gain en capital imposable réalisé par la personne désignée pour l’année sur la disposition d’un bien (à l’exclusion d’un bien meuble déterminé) qui est un bien prêté ou transféré ou un bien y substitué, le moindre des montants suivants : (i) le montant attribué à la personne désignée en vertu du paragraphe 104(21), dans la déclaration de revenu de la fiducie pour l’année, (ii) l’excédent éventuel du total visé à la division (A) sur le total visé à la division (B) : (A) le total des gains en capital imposables pour l’année réalisés par la fiducie sur la disposition de biens prêtés ou transférés ou de biens y substitués, (B) le total des pertes en capital déductibles subies par la fiducie pour l’année à la disposition de biens prêtés ou transférés ou de biens y substitués. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1986, c. 6, s. 38, c. 55, s. 18. Definitions
expenditure of a taxpayer means an expense, expenditure or outlay made or incurred by the taxpayer, or a cost or capital cost of property acquired by the taxpayer. (dépense) option means (a) a security that is issued or sold by a taxpayer under an agreement referred to in subsection 7(1); or (b) an option, warrant or similar right, issued or granted by a taxpayer, giving the holder the right to acquire an interest in the taxpayer or in another taxpayer with whom the taxpayer does not, at the time the option, warrant or similar right is issued or granted, deal at arm’s length. (option) taxpayer includes a partnership. (contribuable)
designated person, in respect of an individual, has the meaning assigned by subsection 74.5(5); (personne désignée) (a) indebtedness, (c) a right to receive indebtedness or a share of the capital stock of a corporation. (contrepartie exclue) --- Définition de personne désignée
In computing a taxpayer’s income, taxable income or tax payable or an amount considered to have been paid on account of the taxpayer’s tax payable, an expenditure of the taxpayer is deemed not to include any portion of the expenditure that would — if this Act were read without reference to this subsection — be included in determining the expenditure because of the taxpayer having granted or issued an option on or after November 17, 2005.
Pour l’application du présent article, personne désignée, en ce qui concerne un particulier, s’entend au sens du paragraphe 74.5(5). [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1986, ch. 6, art. 38, ch. 55, art. 18. Définitions
In computing a corporation’s income, taxable income or tax payable or an amount considered to have been paid on account of the corporation’s tax payable, an expenditure of the corporation that would — if this Act were read without reference to this subsection — include an amount because of the corporation having issued a share of its capital stock at any particular time on or after November 17, 2005 is reduced by (a) if the issuance of the share is not a consequence of the exercise of an option, the amount, if any, by which the fair market value of the share at the particular time exceeds (i) if the transaction under which the share is issued is a transaction to which section 85, 85.1 or 138 applies, the amount determined under that section to be the cost to the issuing corporation of the property acquired in consideration for issuing the share, (ii) in any other case, the amount of the consideration that is the fair market value of the property transferred or issued to, or the services provided to, the issuing corporation for issuing the share; and (b) if the issuance of the share is a consequence of the exercise of an option, the amount, if any, by which the fair market value of the share at the particular time exceeds the amount paid, pursuant to the terms of the option, by the holder to the issuing taxpayer for issuing the share. Non-corporate interests — limitation
contrepartie exclue À un moment donné, contrepartie qu’un particulier reçoit sous forme : a) de titre de créance; b) d’action; c) de droit de recevoir un titre de créance ou une action. (excluded consideration) personne désignée En ce qui concerne un particulier, s’entend au sens du paragraphe 74.5(5). (designated person) Transfert ou prêt à une société
In computing a taxpayer’s (other than a corporation’s) income, taxable income or tax payable or an amount considered to have been paid on account of the taxpayer’s tax payable, an expenditure of the taxpayer that would — if this Act were read without reference to this subsection — include an amount because of the taxpayer having issued an interest, or because of an interest being created, in itself at any particular time on or after November 17, 2005 is reduced by (a) if the issuance or creation of the interest is not a consequence of the exercise of an option, the amount, if any, by which the fair market value of the interest at the particular time exceeds (i) if the transaction under which the interest is issued is a transaction to which paragraph 70(6)(b) or 73(1.01)(c), subsection 97(2) or section 107.4 or 132.2 applies, the amount determined under that provision to be the cost to the taxpayer of the property acquired for the interest, or (ii) in any other case, the amount of the consideration that is the fair market value of the property transferred or issued to, or the services provided to, the taxpayer for the interest; and (b) if the issuance or creation of the interest is a consequence of the exercise of an option, the amount, if any, by which the fair market value of the interest at the particular time exceeds the amount paid, pursuant to the terms of the option, by the holder to the taxpayer for the interest. Clarification (a) subsection (2) does not apply to reduce an expenditure that is a commission, fee or other amount for services rendered by a person as a salesperson, agent or dealer in securities in the course of the issuance of an option; (b) subsections (3) and (4) do not apply to reduce an expenditure of a taxpayer to the extent that the expenditure does not include an amount determined to be an excess under those subsections; (c) this section does not apply to determine the cost or capital cost of property determined under subsection 70(6), section 73, 85 or 85.1, subsection 97(2) or section 107.4, 132.2 or 138; (d) this section does not apply to determine the amount of a taxpayer’s expenditure if the amount of the expenditure as determined under section 69 is less than the amount that would, if this subsection were read without reference to this paragraph, be the amount of the expenditure as determined under this section; and (e) this section does not apply to prohibit the deduction of an amount under paragraph 110(1)(e). [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2013, c. 34, s. 294; 2021, c. 23, s. 29.
Dans le cas où il est raisonnable de considérer que l’un des principaux objets d’un transfert ou d’un prêt de bien — effectué directement ou indirectement, au moyen d’une fiducie ou autrement — à une société par un particulier consiste à réduire le revenu du particulier et à avantager directement ou indirectement, au moyen d’une fiducie ou autrement, une personne qui, en ce qui concerne le particulier, est une personne désignée, dans le calcul du revenu de ce particulier pour une année d’imposition qui comprend une période postérieure au transfert ou au prêt, tout au long de laquelle le particulier réside au Canada, la société visée n’est pas une société exploitant une petite entreprise et cette autre personne est une personne désignée, il est tenu compte de ce qui suit : a) le montant qui serait l’intérêt sur la valeur impayée du bien transféré ou sur le montant non remboursé du prêt pour toutes périodes semblables de l’année s’il était calculé au taux prescrit pour ces périodes; b) le total des montants suivants : (i) les intérêts que le particulier reçoit au cours de l’année sur le transfert ou le prêt, compte non tenu des intérêts réputés reçus en vertu du présent paragraphe, (ii) les sommes incluses dans le revenu du particulier pour l’année en application des paragraphes 82(1) ou 90(1) au titre de dividendes imposables qu’il a reçus au cours de l’année, sauf les dividendes réputés reçus en vertu de l’article 84, soit sur les actions reçues de la société en contrepartie du transfert ou en remboursement du prêt qui ont, au moment de la réception des dividendes, une contrepartie exclue, soit sur des actions y substituées qui ont, à ce moment, une contrepartie exclue; (iii) lorsque la personne désignée est un particulier déterminé pour l’année, le montant à inclure dans le calcul de son revenu pour l’année au titre des dividendes imposables qu’elle a reçus et qui répondent aux conditions suivantes : (A) il est raisonnable de considérer qu’ils font partie de l’avantage que l’on cherche à conférer, (B) ils sont inclus dans le calcul du revenu fractionné de la personne désignée pour une année d’imposition. Valeur impayée ou montant non remboursé
contingent amount, of a taxpayer at any time (other than a time at which the taxpayer is a bankrupt), includes an amount to the extent that the taxpayer, or another EXPENDITURE — Limit for Contingent Amount taxpayer that does not deal at arm’s length with the taxpayer, has a right to reduce the amount at that time. expenditure, of a taxpayer, means an expense, expenditure or outlay made or incurred by the taxpayer, or a cost or capital cost of property acquired by the taxpayer. (dépense) right to reduce means a right to reduce or eliminate an amount in respect of an expenditure at any time, including, for greater certainty, a right to reduce that is contingent upon the occurrence of an event, or in any other way contingent, if it is reasonable to conclude, having regard to all the circumstances, that the right will become exercisable. (droit de réduire) taxpayer includes a partnership. (contribuable) Limitation of amount of expenditure
Pour l’application du paragraphe (2) : a) la valeur impayée, à un moment donné, d’un bien transféré à une société est l’excédent éventuel de la juste valeur marchande du bien au moment du transfert sur le total des montants suivants : (i) la juste valeur marchande, au moment du transfert, de la contrepartie — qui n’est pas, au moment donné, une contrepartie exclue — que le cédant reçoit pour le bien, (ii) la juste valeur marchande, au moment de sa réception, de la contrepartie — qui n’est pas, au moment donné, une contrepartie exclue — que le cédant reçoit, au moment donné ou avant, de la société ou d’une personne avec qui il a un lien de dépendance, en échange de la contrepartie exclue reçue précédemment par le cédant pour le bien ou de la contrepartie exclue substituée à celle-ci; b) le montant non remboursé, à un moment donné, d’un prêt à une société est l’excédent éventuel du principal du prêt au moment où il est consenti s’il s’agit de prêt d’argent, sinon de la juste valeur marchande du bien à ce même moment, sur la juste valeur marchande, au moment de leur réception par le prêteur, des remboursements effectués sur le prêt qui ne consistent pas au moment donné en une contrepartie exclue. Avantage non considéré comme conféré à une personne désignée
For the purposes of this Act, if in a taxation year of a taxpayer an expenditure of the taxpayer occurs, the amount of the expenditure at any time is the lesser of (a) the amount of the expenditure at the time calculated under this Act without reference to this section; and (b) the least amount of the expenditure calculated by reducing the amount of the expenditure determined under paragraph (a) by the amount that is the amount, if any, by which (i) the total of all amounts each of which is a contingent amount of the taxpayer in the year in respect of the expenditure (ii) the total of all amounts each of which is (A) an amount paid by the taxpayer to obtain a right to reduce an amount in respect of the expenditure, or (B) a limited-recourse amount for the purposes of paragraph 143.2(6)(b) that reduces the expenditure under subsection 143.2(6) to the extent that the amount is also a contingent amount described in subparagraph (i) in respect of the expenditure.
Pour l’application du paragraphe (2), un transfert ou un prêt par un particulier à une société n’est pas considéré comme ayant pour objet principal de conférer un avantage directement ou indirectement à quelqu’un qui, en ce qui concerne ce particulier, est une personne désignée, si les conditions suivantes sont réunies : a) la seule participation que la personne désignée a dans la société est un droit de bénéficiaire sur une fiducie qui détient des actions de la société; b) selon l’acte de fiducie, la personne désignée ne peut recevoir aucun revenu ou capital de la fiducie, ni en obtenir l’utilisation, tant qu’elle est, en ce qui concerne le particulier, une personne désignée; c) la personne désignée n’a reçu aucun revenu ou capital de la fiducie ni n’en a obtenu l’utilisation et aucune déduction n’a été faite par la fiducie dans le calcul de son revenu en vertu du paragraphe 104(6) ou (12) au titre de montants payés ou payables à elle, ou inclus dans le revenu de celle-ci, alors qu’elle était, en ce qui concerne le particulier, une personne désignée. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] Transfert avec contrepartie à la juste valeur marchande
For the purposes of this Act, if in a particular taxation year, a taxpayer pays all or a portion of a contingent amount referred to in paragraph (2)(b) that reduces the amount of the taxpayer’s expenditure referred to in paragraph (2)(a), the portion of the contingent amount paid by the taxpayer in the particular year for the purpose of earning income, and to that extent only, is deemed (a) to have been incurred by the taxpayer in the particular year; (b) to have been incurred for the same purpose and to have the same character as the expenditure so reduced; and (c) to have become payable by the taxpayer in respect of the particular year.
Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
Subject to subsection (6), if at any time in a taxation year that is after a taxation year in which an expenditure of the taxpayer occurred, the taxpayer, or another taxpayer not dealing at arm’s length with the taxpayer, has a right to reduce an amount in respect of the expenditure (in this subsection and subsection (5) referred to as the “prior expenditure”) that would, if the taxpayer or the other taxpayer had had the right to the reduction in a particular taxation year that ended before the time, have resulted in subsection (2) applying in the particular taxation year to reduce or eliminate the amount of the prior expenditure, the taxpayer’s subsequent contingent amount in respect of the prior expenditure, as determined under subsection (5), is deemed, to the extent subsection (2) and this subsection have not previously applied in respect of the expenditure, (a) to be an amount received by the taxpayer at the time in the course of earning income from a business or property from a person described in subparagraph 12(1)(x)(i); and
Loans for value Impôt sur le revenu
For the purposes of subsection (4), a taxpayer’s subsequent contingent amount in respect of a prior expenditure of the taxpayer is the amount, if any, by which (a) the maximum amount by which the amount (in this subsection referred to as the “particular amount”) in respect of the prior expenditure may be reduced pursuant to a right to reduce the particular amount (b) the amount, if any, paid to obtain the right to reduce the particular amount. Anti-avoidance
If a taxpayer, or another taxpayer that does not deal at arm’s length with the taxpayer, has a right to reduce an amount in respect of an expenditure of the taxpayer in a taxation year that is after the taxation year in which the expenditure otherwise occurred, determined without reference to subsection (3), the taxpayer is deemed to have the right to reduce in the taxation year in which that expenditure otherwise occurred if it is reasonable to conclude having regard to all the circumstances that one of the purposes for having the right to reduce after the end of the year in which the expenditure otherwise occurred was to avoid the application of subsection (2) to the amount of the expenditure. Assessments
Notwithstanding subsections 152(4) to (5), such assessments, determinations and redeterminations may be made as are necessary to give effect to this section. (NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.) 2013, c. 34, s. 295. Deferred and Other Special Income Arrangements Employees Profit Sharing Plans
employees profit sharing plan at a particular time means an arrangement (a) under which payments computed by reference to (i) an employer’s profits from the employer’s business, (ii) the profits from the business of a corporation with which the employer does not deal at arm’s length, or (iii) any combination of the amounts described in subparagraphs 144(1) employees profit sharing plan (a)(i) and 144(1) employees profit sharing plan (a)(ii) Employees Profit Sharing Plans are required to be made by the employer to a trustee under the arrangement for the benefit of employees of the employer or of a corporation with which the employer does not deal at arm’s length; and (b) in respect of which the trustee has, since the later of the beginning of the arrangement and the end of 1949, allocated, either contingently or absolutely, to those employees (i) in each year that ended at or before the particular time, all amounts received in the year by the trustee from the employer or from a corporation with which the employer does not deal at arm’s length, (ii) in each year that ended at or before the particular time, all profits for the year from the property of the trust (determined without regard to any capital gain made by the trust or capital loss sustained by it at any time after 1955), (iii) in each year that ended after 1971 and at or before the particular time, all capital gains and capital losses of the trust for the year, (iv) in each year that ended after 1971, before 1993 and at or before the particular time, 100/15 of the total of all amounts each of which is deemed under subsection 144(9) to be paid on account of tax under this Part in respect of an employee because the employee ceased to be a beneficiary under the plan in the year, and (v) in each year that ended after 1991 and at or before the particular time, the total of all amounts each of which is an amount that may be deducted under subsection 144(9) in computing the employee’s income because the employee ceased to be a beneficiary under the plan in the year. (régime de participation des employés aux bénéfices) unused portion of a beneficiary’s exempt capital gains balance in respect of a trust governed by an employees profit sharing plan, at any particular time in a taxation year of the beneficiary, means (a) where the year ends before 2005, the amount, if any, by which the beneficiary’s exempt capital gains balance (in this paragraph having the same meaning as in subsection 39.1(1)) in respect of the trust for the year exceeds the total of all amounts each of which is an amount by which a capital gain is reduced under section 39.1 in the year because of the beneficiary’s exempt capital gains balance in respect of the trust; or (b) where the year ends after 2004, the amount, if any, by which (i) the amount, if any, that would, if the definition exempt capital gains balance in subsection 39.1(1) were read without reference to "that ends before 2005", be the beneficiary's exempt capital gains balance in respect of the trust for the year (ii) where there has been a disposition of an interest or a part of an interest of the beneficiary in the trust after the beneficiary's 2004 taxation year (other than a disposition that is a part of a transaction described in paragraph 144(7.1)(c) in which property is received in satisfaction of all or a portion of the beneficiary's interests in the trust), the total of all amounts each of which is an amount by which the adjusted cost base of an interest or a part of an interest disposed of by the beneficiary (other than an interest or a part of an interest that is all or a portion of the beneficiary's interests referred to in paragraph 144(7.1)(c)) was increased because of paragraph 53(1)(p), and No tax while trust governed by plan
transféré ou d’un bien y substitué si les conditions suivantes sont réunies : a) au moment du transfert, la juste valeur marchande du bien transféré ne dépasse pas la juste valeur marchande du bien que l’auteur du transfert reçoit en contrepartie du bien transféré; b) dans le cas où la contrepartie reçue par l’auteur du transfert comprend une créance, à la fois : (i) des intérêts sont comptés sur la créance à un taux égal ou supérieur au moindre des taux suivants : (A) le taux prescrit qui est en vigueur au moment de l’établissement de la créance, (B) le taux dont les parties, si elles n’avaient aucun lien de dépendance, seraient convenues à la date d’établissement de la créance, compte tenu des circonstances, (ii) le montant des intérêts qui était payable sur la créance pour l’année donnée est payé au plus tard 30 jours après la fin de l’année donnée, (iii) le montant des intérêts qui était payable sur la créance pour chaque année d’imposition précédant l’année donnée est payé au plus tard 30 jours après la fin de chacune de ces années d’imposition; c) dans le cas où le bien est transféré à l’époux ou conjoint de fait de l’auteur du transfert ou au profit de son époux ou conjoint de fait, l’auteur du transfert choisit, dans sa déclaration de revenu produite en vertu de la présente partie pour l’année d’imposition où le bien est transféré, de ne pas se prévaloir du paragraphe 73(1). Prêts
No tax is payable under this Part by a trust on the taxable income of the trust for a taxation year throughout which the trust is governed by an employees profit sharing plan. Allocation contingent or absolute taxable
Malgré les autres dispositions de la présente loi, les paragraphes 74.1(1) et (2) et l’article 74.2 ne s’appliquent pas à un revenu, un gain ou une perte dérivé, au cours d’une année d’imposition donnée, d’un bien prêté ou d’un bien y substitué si les conditions suivantes sont réunies : a) des intérêts sont comptés sur le prêt à un taux égal ou supérieur au moindre des taux suivants : (i) le taux prescrit qui est en vigueur au moment où le prêt est consenti, (ii) le taux dont les parties, si elles n’avaient aucun lien de dépendance, seraient convenues au moment Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
There shall be included in computing the income for a taxation year of an employee who is a beneficiary under an employees profit sharing plan each amount that is allocated to the employee contingently or absolutely by the trustee under the plan at any time in the year otherwise than in respect of (a) a payment made by the employee to the trustee; (b) a capital gain made by the trust before 1972; (c) a capital gain of the trust for a taxation year ending after 1971; (d) a gain made by the trust after 1971 from the disposition of a capital property except to the extent that the gain is a capital gain described in paragraph 144(3)(c); or Employees Profit Sharing Plans (e) a dividend received by the trust from a taxable Canadian corporation. Allocated capital gains and losses
Spouses or common-law partners living apart Idem Impôt sur le revenu
Each capital gain and capital loss of a trust governed by an employees profit sharing plan from the disposition of any property shall, to the extent that it is allocated by the trust to an employee who is a beneficiary under the plan, be deemed to be a capital gain or capital loss, as the case may be, of the employee from the disposition of that property for the taxation year of the employee in which the allocation was made and, for the purposes of section 110.6, the property shall be deemed to have been disposed of by the employee on the day on which it was disposed of by the trust. (4.1) Notwithstanding subsection 26(6) of the Income Tax Application Rules, where at any time before 1976 the trustee of a trust governed by an employees profit sharing plan so elects in prescribed manner, the trust shall be deemed (a) to have, on December 31, 1971, disposed of each property owned by the trust on that day for proceeds of disposition equal to the fair market value of the property on that day, and (b) to have, on January 1, 1972, reacquired each property described in paragraph 144(4.1)(a) for the amount referred to in that paragraph, if the trustee under the plan has, before 1976, allocated the total of all capital gains and capital losses resulting from the deemed dispositions among the employees or other beneficiaries under the plan to the extent that the trustee under the plan has not previously so allocated them. (4.2) Where a trust governed by an employees profit sharing plan (a) was governed by an employees profit sharing plan on December 31, 1971, and the trustee of the trust has made an election under subsection 144(4.1), or (b) was not governed by an employees profit sharing plan on December 31, 1971, the trustee of the trust may, in any taxation year after 1973, elect in prescribed manner and prescribed form to treat any capital property of the trust as having been Employees Profit Sharing Plans disposed of, in which event the property shall be deemed to have been disposed of on any day designated by the trustee for proceeds of disposition equal to (c) the fair market value of the property on that day, (e) an amount that is neither greater than the greater of the amounts determined under paragraphs 144(4.2)(c) and 144(4.2)(d) nor less than the lesser of the amounts determined under those paragraphs whichever is designated by the trustee and to have been reacquired by the trust immediately thereafter at a cost equal to those proceeds.
An amount paid by an employer to a trustee under an employees profit sharing plan during a taxation year or within 120 days thereafter may be deducted in computing the employer’s income for the taxation year to the extent that it was not deductible in computing income for a previous taxation year. Beneficiary’s receipts deductible
An amount received in a taxation year by a beneficiary from a trustee under an employees profit sharing plan shall not be included in computing the beneficiary’s income for the year. Beneficiary’s receipts that are not deductible
Notwithstanding subsection 144(6), such portion of an amount received in a taxation year by a beneficiary from the trustee under an employees profit sharing plan as cannot be established to be attributable to (a) payments made by the employee to the trustee, (b) amounts required to be included in computing the income of the employee for that or a previous taxation year, (c) a capital gain made by the trust before 1972, (d) a capital gain made by the trust for a taxation year ending after 1971, to the extent allocated by the trust to the beneficiary, (e) a gain made by the trust after 1971 from the disposition of a capital property, except to the extent that the gain is a capital gain made by the trust for a taxation year ending after 1971, (f) the portion, if any, of the increase in the value of property transferred to the beneficiary by the trustee that would have been considered to be a capital gain made by the trust in 1971 if the trustee had sold the property on December 31, 1971 for its fair market value at that time, or (g) a dividend received by the trust from a taxable Canadian corporation other than a dividend described in subsection 83(1), to the extent allocated by the trust to the beneficiary, shall be included in computing the beneficiary’s income for the year in which the amount was received, except that in determining the amount of any payments or other things described in any paragraph of this subsection, the amount thereof otherwise determined shall be reduced by such portion of the total of all capital losses of the trust for taxation years ending after 1971 as has been allocated by the trust to the beneficiary and has not been applied to reduce the amount of any payments or other things described in any other paragraph of this subsection. Where property other than money received by beneficiary (7.1) Where, at any particular time in a taxation year of a trust governed by an employees profit sharing plan, an amount was received by a beneficiary from the trustee under the plan and the amount so received was property other than money, the following rules apply in respect of each such property so received by the beneficiary at the particular time: (a) the amount that was the cost amount to the trust of the property immediately before the particular time shall be deemed to be the trust’s proceeds of disposition of the property; (b) that proportion of (i) such portion of the amount received by the beneficiary as can be established to be attributable to the payments or other things described in paragraphs 144(7)(a) to 144(7)(g) (on the assumption that the amount of any payments or other things described in any such paragraph is the amount thereof determined as provided in subsection 144(7)) (ii) the cost amount to the trust of the property immediately before the particular time is of (iii) the cost amounts to the trust of all properties, other than money, so received by the beneficiary at the particular time, (iv) the cost to the beneficiary of the property, and (v) for the purposes of subsection 144(7) but not for the purposes of this subsection, the amount so received by the beneficiary by virtue of the receipt by the beneficiary of the property; and (c) where a particular property received is all or a portion of property received in satisfaction of all or a portion of the beneficiary’s interests in the trust and the beneficiary files with the Minister on or before the beneficiary’s filing-due date for the taxation year that includes the particular time an election in respect of the particular property in prescribed form, there shall be included in the cost to the beneficiary of the particular property determined under paragraph 144(7.1)(b) the least of (i) the amount, if any, by which the unused portion of the beneficiary’s exempt capital gains balance in respect of the trust at the particular time exceeds the total of all amounts each of which is an amount included because of this paragraph in the cost to the beneficiary of another property received by the beneficiary at or before the particular time in the year, (ii) the amount, if any, by which the fair market value of the particular property at the particular time exceeds the amount deemed by subparagraph 144(7.1)(b)(iv) to be the cost to the beneficiary of the particular property, and (iii) the amount designated in the election in respect of the particular property. Allocation of credit for dividends
b) le montant des intérêts qui était payable sur le prêt pour l’année donnée est payé au plus tard 30 jours après la fin de l’année donnée; c) le montant des intérêts qui était payable sur le prêt pour chaque année d’imposition qui précède l’année donnée est payé au plus tard 30 jours après la fin de chacune de ces années d’imposition. Époux ou conjoints de fait vivant séparés
Where there has been included in computing the income of a trust for a taxation year during which the trust was governed by an employees profit sharing plan taxable dividends from taxable Canadian corporations and there has been allocated by the trustee under the plan for the purposes of this subsection an amount for the year to one or more of the employees who are beneficiaries under the plan, which amount or the total of which amounts does not exceed the amount of the taxable dividends so included, each of the employees who are beneficiaries under the plan shall be deemed to have received a taxable dividend from a taxable Canadian corporation equal to the lesser of (a) the amount, if any, that would be included in computing the employee’s income for the year by virtue of this section, if this section were read without reference to paragraph 144(3)(e), and (b) the amount, if any, so allocated for the purposes of this subsection to the employee. Foreign tax deduction (8.1) For the purpose of subsection 126(1), the following rules apply: (a) such portion of the income for a taxation year of a trust governed by an employees profit sharing plan from sources (other than businesses carried on by it) in a foreign country as (i) may reasonably be considered (having regard to all the circumstances including the terms and conditions of the plan) to be part of (A) the income that, by virtue of subsection 144(3), was included in computing the income for a taxation year of a particular employee who was a beneficiary under the plan, or (B) the amount, if any, by which (I) the total of amounts each of which is a capital gain of the trust that, by virtue of subsection 144(3), was deemed to be a capital gain of the particular employee for a taxation year (II) the total of amounts each of which is a capital loss of the trust that, by virtue of subsection 144(4), was deemed to be a capital loss of the particular employee for the taxation year, and (ii) was not designated by the trust in respect of any other employee who was a beneficiary under the plan, shall if so designated by the trust in respect of the particular employee in its return of income for the year under this Part, be deemed to be income of the particular employee for the taxation year from sources in that country; and (b) an employee who is a beneficiary under an employees profit sharing plan shall be deemed to have paid as non-business-income tax for a taxation year, on the income that the employee is deemed by paragraph 144(8.1)(a) to have for the year from sources in a foreign country, to the government of that country an amount equal to that proportion of the non-business-income tax paid by the trust governed by the plan for the year to the government of that country, or to the government of a state, province or other political subdivision of that country (except such portion of that tax as was deductible under subsection 20(11) in computing its income for the year) that (i) the income that the employee is deemed by paragraph 144(8.1)(a) to have for the year from sources in that country is of (ii) the income of the trust for the year from sources (other than businesses carried on by it) in that country. Deduction for forfeited amounts
Malgré le paragraphe 74.1(1) et l’article 74.2, lorsqu’un particulier prête ou transfère un bien, directement ou indirectement, par le biais d’une fiducie ou par tout autre moyen, à une personne qui est son époux ou conjoint de fait ou qui le devient par la suite ou au profit de cette personne : a) le paragraphe 74.1(1) ne s’applique pas à un revenu ou à une perte provenant du bien ou d’un bien substitué et se rapportant à la période tout au long de laquelle le particulier vit séparé de cette personne pour cause d’échec de leur mariage ou union de fait; b) l’article 74.2 ne s’applique pas à la disposition du bien ou d’un bien substitué, effectuée à un moment où le particulier vit séparé de cette personne pour cause d’échec du mariage ou union de fait, si le particulier et cette personne choisissent conjointement de ne pas se prévaloir de cet article dans la déclaration de revenu du particulier produite en vertu de la présente partie pour l’année d’imposition qui comprend ce moment ou pour une année d’imposition antérieure. Idem
Where a person ceases at any time in a taxation year to be a beneficiary under an employees profit sharing plan and does not become a beneficiary under the plan after that time and in the year, there may be deducted in computing the person’s income for the year the amount determined by the formula A is the total of all amounts each of which is an amount included in computing the person’s income for the year or a preceding taxation year (other than an amount received before that time under the plan or an amount under the plan that the person is entitled at that time to receive) because of an allocation (other than an allocation to which subsection 144(4) applies) to the person made contingently under the plan before that time; B is the portion, if any, of the value of A that is included in the value of A because of paragraph 82(1)(b); C is the total of all taxable dividends deemed to be received by the person because of allocations under subsection 144(8) in respect of the plan; and Employees Profit Sharing Plans D is the total of all amounts deductible under this subsection in computing the person’s income for a preceding taxation year because the person ceased to be a beneficiary under the plan in a preceding taxation year.
Aucun montant ne peut être inclus dans le calcul du revenu d’un particulier en application du paragraphe 74.4(2) en ce qui concerne une personne désignée qui est l’époux ou conjoint de fait du particulier, pour une période tout au long de laquelle ils vivent séparés l’un de l’autre pour cause d’échec du mariage ou union de fait. Définition de personne désignée
Where the terms of an arrangement under which an employer makes payments to a trustee specifically provide that the payments shall be made “out of profits”, the arrangement shall, if the employer so elects in prescribed manner, be deemed, for the purpose of subsection 144(1), to be an arrangement under which payments computed by reference to the employer’s profits are required.
Pour l’application du présent article, personne désignée s’entend, en ce qui concerne un particulier : a) de l’époux ou conjoint de fait du particulier; Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
Where an employees profit sharing plan is accepted for registration by the Minister as a deferred profit sharing plan, the taxation year of the trust governed by the employees profit sharing plan shall be deemed to have ended immediately before the plan is deemed to have become registered as a deferred profit sharing plan pursuant to subsection 147(5). Employee Life and Health Trust
Impôt sur le revenu
designated employee benefit means a benefit that is (b) from a group term life insurance policy; (c) from a private health services plan; (e) not a death benefit, but that would be a death benefit if the amounts determined for paragraphs (a) and (b) of the definition death benefit in subsection 248(1) were nil. (prestation désignée) employee means a current or former employee of an employer and includes an individual in respect of whom the employer has assumed responsibility for the provision of designated employee benefits as a result of the acquisition by the employer of a business in which the individual was employed. (employé) key employee, of an employer in respect of a taxation year, means an employee who (a) was at any time in the taxation year or in a preceding taxation year, a specified employee of the employer; or (b) was an employee whose employment income from the employer for any two of the five taxation years preceding the taxation year exceeded the Year’s Maximum Pensionable Earnings (as determined under section 18 of the Canada Pension Plan) for the calendar year in which the employment income was earned. (employé clé) Employee life and health trust
A trust that is established for employees of one or more employers (each referred to in this subsection as a “participating employer”) is an employee life and health trust for a taxation year if, throughout the taxation year, under the terms that govern the trust, (a) the only purpose of the trust is to provide benefits to, or for the benefit of, persons described in subparagraph (d)(i) or (ii) and all or substantially all of the total cost of the benefits is applicable to designated employee benefits; (b) on wind-up or reorganization, the property of the trust may only be distributed to (i) each remaining beneficiary of the trust who is described in subparagraph (d)(i) or (ii) (other than a key employee or an individual who is related to a key employee) on a pro rata basis, (ii) another employee life and health trust, or (iii) after the death of the last beneficiary described in subparagraph (d)(i) or (ii), Her Majesty in right of Canada or a province; (c) the trust meets one of the following conditions: (i) the trust is required to be resident in Canada, determined without reference to section 94, or (ii) if the condition in subparagraph (i) is not met, it is the case that (A) employee benefits are provided to employees who are resident in Canada and to employees who are not resident in Canada, (B) one or more participating employers are employers that are resident in a country other than Canada, and (C) the trust is required to be resident in a country in which a participating employer resides; (d) the trust may not have any beneficiaries other than persons each of whom is (i) an employee of a participating employer or former participating employer, (ii) an individual who, in respect of an employee of a participating employer or former participating employer, is (or, if the employee is deceased, was, at the time of the employee’s death) (A) the spouse or common-law partner of the employee, or (B) related to the employee and either a member of the employee’s household or dependent on the employee for support, (iii) another employee life and health trust, or (e) the trust meets one of the following conditions: (i) it contains at least one class of beneficiaries where (A) the members of the class represent at least 25% of all of the beneficiaries of the trust who are employees of the participating employers under the trust, and (B) either of the following conditions is met: (I) at least 75% of the members of the class are not key employees of any of the participating employers under the trust, or (II) the contributions to the trust in respect of key employees who deal at arm’s length with their employer are determined in connection with a collective bargaining agreement, or (ii) in respect of the private health services plan under the trust, the total cost of benefits provided to each key employee (and to persons described in subparagraph (2)(d)(ii) in respect of the key employee) in relation to the year does not exceed the amount determined by the formula A is the total number of persons each of whom (A) is a person to whom designated employee benefits are provided under the plan, and (B) is the key employee or a person described in subparagraph (2)(d)(ii) in respect of the key employee, B is the number of days in the year that the key employee was employed on a full-time basis by an employer that participates in the plan, and C is the number of days in the year; (f) unless the condition in subparagraph (e)(ii) is satisfied, the rights under the trust of each key employee of a participating employer are not more advantageous than the rights of a class of beneficiaries described in subparagraph (e)(i); (g) no participating employer, nor any person who does not deal at arm’s length with a participating employer, has any rights under the trust as a beneficiary or otherwise, except rights to (i) designated employee benefits, (ii) to enforce covenants, warranties or similar provisions regarding (A) the maintenance of the trust as an employee life and health trust, or (B) the operation of the trust in a manner that prevents subsection (3) from applying to prohibit the deduction of an amount by the trust under subsection 104(6), or i) trustees who do not deal at arm’s length with one or more participating employers must not constitute the majority of the trustees of the trust.
No amount may be deducted in a taxation year by an employee life and health trust pursuant to subsection 104(6) if in the taxation year the trust (a) is not operated in accordance with the terms required by subsection (2) to govern the trust, unless it is reasonable to conclude that its trustees neither knew nor ought to have known that designated employee benefits have been provided to, or contributions have been made in respect of, beneficiaries other than those described in subparagraph (2)(d)(i) or (ii); or (b) provides any benefit for which, if the benefit had been paid directly to the employee and not out of the trust, the contributions or premiums would not be deductible in computing the income of an employer in respect of any taxation year. Deductibility of employer contributions
In computing the income of an employer, (a) the employer may deduct for a taxation year the portion of its contributions to an employee life and health trust made in the year that may reasonably be regarded as having been contributed to enable the trust to (i) pay premiums to an insurance corporation that is licensed to provide insurance under the laws of Canada or a province for insurance coverage for the year or a prior year in respect of designated employee benefits for beneficiaries described in subparagraph (2)(d)(i) or (ii), or (A) group term life insurance as described in clause 18(9)(a)(iii)(B), or (B) any designated employee benefits payable in the year or a prior year to, or for the benefit of, beneficiaries described in subparagraph (2)(d)(i) or (ii); and (b) the portion of any contribution made to an employee life and health trust that exceeds the amount deductible under paragraph (a) and that may reasonably be regarded as enabling the trust to provide or pay benefits described in subparagraphs (a)(i) or (ii) in a subsequent taxation year is deductible for that year.
b) d’une personne de moins de 18 ans qui a un lien de dépendance avec le particulier ou qui est le neveu ou la nièce du particulier. Prêts et transferts multiples
For the purposes of subsection (4), if, in respect of an employer’s obligations to fund an employee life and health trust, a report has been prepared by an independent actuary, using accepted actuarial principles and practices, before the time of a contribution by the employer, the portion of the contribution that the report specifies to be the amount that the employee life and health trust is reasonably expected to pay or incur in a taxation year in order to provide designated employee benefits to beneficiaries described in subparagraph (2)(d)(i) or (ii) for a taxation year is, in the absence of evidence to the contrary, presumed to have been contributed to enable the trust to provide those benefits for the year. Deductibility — collectively bargained or similar agreement
Dans le cas où un particulier prête ou transfère un bien : a) à une autre personne et que ce bien, ou un bien qui le remplace, est prêté ou transféré par une personne — appelée « tiers » au présent paragraphe — directement ou indirectement, à une personne déterminée, en ce qui concerne le particulier, ou au profit de cette personne; b) à une autre personne à la condition qu’une personne — appelée « tiers » au présent paragraphe — prête ou transfère ce bien, directement ou indirectement, à une personne déterminée, en ce qui concerne le particulier, ou au profit de cette personne, les règles suivantes s’appliquent : c) pour l’application des articles 74.1, 74.2, 74.3 et 74.4, le bien prêté ou transféré par le tiers est réputé prêté ou transféré, selon le cas, par le particulier à la personne déterminée ou à son profit; d) pour l’application du paragraphe (1), la contrepartie que le tiers reçoit pour le transfert du bien est réputée reçue par le particulier. Garanties
Despite subsection (4) and paragraph 18(9)(a), an employer may deduct in computing its income for a taxation year the amount that it is required to contribute for the year to an employee life and health trust if the following conditions are met at the time that the contribution is made: (a) the employer contributes to the trust in accordance with a contribution formula that does not provide for any variation in contributions determined by reference to the financial experience of the trust and either of the following conditions is met: (i) if there is a collective bargaining agreement, the trust provides benefits (A) under the collective bargaining agreement, Employee Life and Health Trust (A) negotiated under the collective bargaining agreement, or (B) under a participation agreement that are substantially the same as under the collective bargaining agreement, or (iii) in any other case, the trust provides benefits in accordance with an arrangement that meets the following conditions: (A) there is a legal requirement for each employer to participate in accordance with the terms and conditions that govern the trust, (B) there are a minimum of 50 beneficiaries under the trust who are employees of the participating employers in respect of the trust, and (C) each employee who is a beneficiary under the trust deals at arm’s length with each participating employer in respect of the trust; and (b) contributions that are to be made by each employer are determined, in whole or in part, by reference to the number of hours worked by individual employees of the employer or some other measure that is specific to each employee with respect to whom contributions are made to the trust.
Dans le cas où un particulier est tenu, conditionnellement ou non, d’exécuter un engagement, notamment une garantie, un accord ou une convention, conclu afin d’assurer soit le remboursement total ou partiel d’un prêt qu’une personne — appelée « tiers » au présent paragraphe — consent, directement ou indirectement, à une personne déterminée, en ce qui concerne le particulier, ou au profit de cette personne, soit le paiement total ou partiel des intérêts payables sur le prêt, les règles suivantes s’appliquent : a) pour l’application des articles 74.1, 74.2, 74.3 et 74.4, le bien prêté par le tiers est réputé prêté par le particulier à la personne déterminée ou au profit de cette personne; b) pour l’application des alinéas (2)b) et c), le montant des intérêts payés sur le prêt est réputé ne pas comprendre un montant payé par le particulier au tiers à titre d’intérêts sur le prêt. Definition of specified person
The amount deducted in a taxation year by an employer in computing its income in respect of contributions made to an employee life and health trust shall not exceed the amount determined by the formula A is the total of all amounts contributed by the employer to the trust in the year or in a preceding taxation year; and B is the total of all amounts deducted by the employer in a preceding taxation year in respect of amounts contributed by the employer to the trust. Employer promissory note
For the purposes of subsections 74.5(6) and (7), specified person, with respect to an individual, means
If an employer issues a promissory note or provides other evidence of its indebtedness to an employee life and health trust in respect of its obligation to the trust, (a) the issuance of the note or the provision of the evidence of indebtedness to the trust is not a contribution to the trust; and (b) a payment by the employer to the trust in full or partial satisfaction of its liability under the note or the evidence of indebtedness, whether stated to be of principal or interest or any other amount, is deemed to be an employer contribution to the trust that is subject to this section and not a payment of principal or interest on the note or indebtedness.
[Repealed, 1994, c. 7, Sch. VIII, s. 30] Artificial transactions Where ss. 74.1 to 74.3 do not apply a.1) [Repealed, 2011, c. 24, s. 17] Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
For the purposes of determining whether an amount is deductible by an employer under subsection (4), if a trust was an employee life and health trust at the time that a promissory note or other evidence of indebtedness referred to in subsection (8) was issued or provided, the trust is deemed to be an employee life and health trust at each time that an employer contribution is deemed to have been made under paragraph (8)(b) in respect of the note or other indebtedness. Employee contributions
(d) as a payment of a contribution under a FHSA. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 74.5; 1994, c. 7, Sch. II, s. 53; Sch. VIII, s. 20; 2000, c. 12, s. 142; 2018, c. 12, s. 11; 2021, c. 25, s. 106; 2006, c. 2, s. 86; 2011, c. 24, s. 117; 2022, c. 19, s. 3. Trusts Impôt sur le revenu
For the purposes of paragraph 6(1)(f), subsection 6(4) and paragraph 118.2(2)(q), employee contributions to an employee life and health trust, to the extent that they are, and are identified by the trust at the time of contribution as, contributions in respect of a particular designated employee benefit, are deemed to be payments by the employee in respect of the particular designated employee benefit.
If a trust that is, or was, at any time, an employee life and health trust pays an amount as a distribution from the trust to any person in a taxation year, the amount of the distribution shall be included in computing the person’s income for the year, except to the extent that the amount is (a) a payment of a designated employee benefit that is not included in the person’s income because of section 6; or (b) a distribution to another employee life and health trust that is a beneficiary of the employee life and health trust.
Where contributions have been received by an employee life and health trust from more than one employer, the trust is deemed to be a separate trust established in respect of the property held for the benefit of beneficiaries described in subparagraph (2)(d)(i) or (ii) in respect of a particular employer, if (a) the trustee designates the property to be held in a separate trust for the benefit of those beneficiaries in an election made on or before the filing-due date of the first taxation year of the separate trust described in this subsection; and (b) under the terms of the trust, contributions from the employer and the income derived from those contributions accrues solely for the benefit of those beneficiaries. Non-capital losses
No non-capital loss is deductible by an employee life and health trust in computing its taxable income for a taxation year, except as provided by subsections 111(7.3) to (7.5). Conditions — deemed employee life and health trust (a) the trust was established before February 28, 2018; (b) the contributions to the trust are determined in connection with a collective bargaining agreement; (c) all or substantially all of the employee benefits provided by the trust are designated employee benefits; and Deemed employee life and health trust
d’une année d’imposition, son époux ou conjoint de fait ou une personne de moins de 18 ans qui a un lien de dépendance avec le particulier ou qui est la nièce ou le neveu du particulier, d’un montant, qui, étant déductible dans le calcul du revenu du particulier pour l’année et, d’autre part, à inclure dans le calcul du revenu de l’autre particulier; c) soit au profit de son époux ou conjoint de fait, à la fois : (i) au moment où les biens, ou des biens y substitués, sont détenus dans le cadre d’un compte d’épargne libre d’impôt dont l’époux ou le conjoint de fait est le titulaire, (ii) dans la mesure où l’époux ou le conjoint de fait n’a pas d’excédent CELI, au sens du paragraphe 207.01(1), au moment où les biens sont versés au compte; d) soit en paiement d’une cotisation dans le cadre d’un CELIAPP. Exception — règles d’attribution
If this subsection applies in respect of a trust, (a) the trust is deemed for the purposes of the Act to be an employee life and health trust from the particular date referred to in paragraph (14)(d) until the earliest of (ii) the day that the trust satisfies the conditions in subsection (2), and (iii) any day on which the condition in paragraph (14)(c) is not satisfied; and (b) at any time that the trust is an employee life and health trust because of paragraph (a), (i) subsection 111(7.5) applies to the trust as if the reference in paragraph (b) of that subsection to “subsection 144.1(3)” were read as a reference to “paragraph 144.1(3)(b)”, and (ii) subsection (3) applies to the trust without reference to its paragraph (a). Trust-to-trust transfer
Les paragraphes 74.1(1) et (2), 74.3(1) et 75(2) de la présente loi et l’article 74 de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, ne s’appliquent pas aux montants inclus dans le calcul du revenu fractionné d’un particulier déterminé pour une année d’imposition. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent codifié; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 74.5; 1994, ch. 7, ann. II, art. 53; ann. VIII, art. 20; 2000, ch. 12, art. 142; 2018, ch. 12, art. 11; 2021, ch. 25, art. 106; 2006, ch. 2, art. 86; 2011, ch. 24, art. 117; 2022, ch. 19, art. 3. Fiducies 75 (2) Si une fiducie résidant au Canada, qui a été créée de quelque façon que ce soit depuis 1934, détient des biens à condition : a) soit que ces derniers ou des biens qui leur sont substitués puissent : (i) ou bien revenir à la personne dont les biens ou les biens qui leur sont substitués ont été reçus directement ou indirectement (appelée « la personne » au présent paragraphe), (ii) ou bien être transportés à des personnes devant être désignées par la personne après la création de la fiducie; b) soit que, pendant l’existence de la personne, il ne soit disposé des biens qu’avec son consentement ou suivant ses instructions, Exceptions (c.1) to (c.3) [Repealed, 2013, c. 40, s. 35] (d) by a trust if [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 75; 1996, c. 21, s. 14; 1998, c. 19, s. 13; 2001, c. 17, s. 5; 2007, c. 35, s. 107; 2008, c. 28, s. 27; 2010, c. 25, s. 14; 2012, c. 31, s. 15; 2013, c. 34, s. 35; 2017, c. 33, s. 21; 2022, c. 19, s. 10. Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income Sections 75.1-75.1
If a property is transferred from a trust that provides employee benefits substantially all of which are designated employee benefits (referred to in this subsection as the “transferor trust”) to an employee life and health trust (referred to in this subsection as the “receiving trust”), and the Minister has been so notified in prescribed form, then (a) the transferred property is deemed to have been disposed of by the transferor trust, and to have been acquired by the receiving trust, for an amount equal to the cost amount of the property to the transferor trust immediately before the disposition; and (b) section 107.1 does not apply to the transfer. Deductibility of transferred property
(d) the amount, if any, by which exceeds Impôt sur le revenu
If subsection (16) applies to a transfer of property to an employee life and health trust, the transfer shall not be considered to be a contribution to the employee life and health trust for the purposes of subsections (4) and (6).
A trust shall, on or before its first filing-due date after 2021, notify the Minister in prescribed form that it is an employee life and health trust if (a) prior to February 27, 2018, it provided employee benefits substantially all of which are designated employee benefits; (b) after February 26, 2018, it becomes an employee life and health trust because it satisfies the conditions in subsection (2); and Registered Supplementary Unemployment Benefit Plans registered supplementary unemployment benefit plan means a supplementary unemployment benefit plan accepted by the Minister for registration for the purposes of this Act in respect of its constitution and operations for the taxation year under consideration; (régime enregistré de prestations supplémentaires de chômage) supplementary unemployment benefit plan means an arrangement, other than an arrangement in the nature of a superannuation or pension fund or plan or an employee profit sharing plan, under which payments are made by an employer to a trustee in trust exclusively for the payment of periodic amounts to employees or former employees of the employer who are or may be laid off for any temporary or indefinite period. (régime de prestations supplémentaires de chômage) No tax while trust governed by plan
No tax is payable under this Part by a trust on the taxable income of the trust for a period during which the trust was governed by a registered supplementary unemployment benefit plan. Amounts received taxable
There shall be included in computing the income of a taxpayer for a taxation year each amount received by the taxpayer under a supplementary unemployment benefit plan from the trustee under the plan at any time in the year. Amounts received on amendment or winding-up of plan
Gain ou perte présumés pour l’auteur du transfert
There shall be included in computing the income for a taxation year of a taxpayer who, as an employer, has made any payment to a trustee under a supplementary unemployment benefit plan, any amount received by the taxpayer in the year as a result of an amendment to or modification of the plan or as a result of the termination or winding-up of the plan. Payments by employer deductible
a) les paragraphes 73(3) ou (4) s’appliquent au transfert de biens d’un contribuable à son enfant; b) le transfert a été fait pour une somme inférieure à la juste valeur marchande que les biens transférés avaient immédiatement avant le transfert; c) au cours d’une année d’imposition, le bénéficiaire de ces biens transférés en a disposé et n’a pas, avant la fin de cette année, atteint l’âge de 18 ans, les règles suivantes s’appliquent : d) l’excédent éventuel du total visé au sous-alinéa (i) (i) le total des gains en capital imposables du bénéficiaire du transfert, pour l’année, tirés de dispositions de biens transférés, (ii) le total des pertes en capital déductibles du bénéficiaire du transfert, pour l’année, provenant de dispositions de biens transférés, est réputé, durant la vie de l’auteur du transfert, tandis que ce dernier réside au Canada, être un gain en capital imposable de l’auteur du transfert pour l’année, tiré de la disposition de biens; e) l’excédent éventuel du total déterminé en vertu du sous-alinéa d)(ii) sur le total déterminé en vertu du sous-alinéa d)(i) est réputé, durant la vie de l’auteur du transfert, tandis que ce dernier réside au Canada, être une perte en capital déductible de l’auteur du transfert, pour l’année, provenant de la disposition de biens; f) tout gain en capital imposable ou perte en capital déductible inclus dans le calcul d’une somme visée à l’alinéa d) ou de l’excédent visé à l’alinéa e) est réputé, sauf pour l’application de ces alinéas, dans la mesure où la somme ou l’excédent ainsi visés sont réputés, en vertu du présent paragraphe, être un gain en capital imposable ou une perte en capital déductible de l’auteur du transfert, ne pas être un gain en capital imposable ou une perte en capital déductible, le cas, du bénéficiaire du transfert. Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION f Rules Relating to Computation of Income
An amount paid by an employer to a trustee under a registered supplementary unemployment benefit plan annuitant means (a) until such time after maturity of the plan as an individual's spouse or common-law partner becomes entitled, as a consequence of the individual's death, to receive benefits to be paid out of or under the plan, the individual referred to in paragraph (a) or (b) of the definition retirement savings plan in this subsection for whom, under a retirement savings plan, a retirement income is to be provided, and (b) thereafter, the spouse or common-law partner referred to in paragraph (a); (rentier) benefit includes any amount received out of or under a retirement savings plan other than (a) the portion thereof received by a person other than the annuitant that can reasonably be regarded as part of the amount included in computing the income of an annuitant by virtue of subsections 146(8.8) and 146(8.9), (b) an amount received by the person with whom the annuitant has the contract or arrangement described in the definition retirement savings plan in this subsection as a premium under the plan, (b.1) an amount in respect of which the annuitant pays a tax under Part XI.01, unless the tax is waived, cancelled or refunded, (c) an amount, or part thereof, received in respect of the income of the trust under the plan for a taxation year for which the trust was not exempt from tax by virtue of paragraph 146(4)(c), and (c.1) a tax-paid amount described in paragraph (b) of the definition tax-paid amount in this subsection that relates to interest or another amount included in computing income otherwise than because of this section and without restricting the generality of the foregoing includes any amount paid to an annuitant under the plan (e) resulting from an amendment to or modification of the plan, or (f) resulting from the termination of the plan; (prestation) earned income of a taxpayer for a taxation year means the amount, if any, by which the total of all amounts each of which is (a) the taxpayer’s income (other than an amount described in paragraph 12(1)(z)) for a period in the year throughout which the taxpayer was resident in Canada from (ii) a business carried on by the taxpayer either alone or as a partner actively engaged in the business, or (iii) property, where the income is derived from the rental of real or immovable property or from royalties in respect of a work or invention of which the taxpayer was the author or inventor, (b) an amount included under paragraph 56(1)(b), (c.2), (g) or (o) or subparagraph 56(1)(r)(v) in computing the taxpayer’s income for a period in the year throughout which the taxpayer was resident in Canada, (b.01) an amount included under paragraph 56(1)(n) in computing the taxpayer’s income for a period in the year throughout which the taxpayer was resident in Canada in connection with a program that consists primarily of research and does not lead to a diploma from a college or a collège d’enseignement général et professionnel, or a bachelor, master, doctoral or equivalent degree, (b.1) an amount received by the taxpayer in the year and at a time when the taxpayer was resident in Canada as, on account of, in lieu of payment of or in satisfaction of, a disability pension under the Canada Pension Plan or a provincial pension plan as defined in section 3 of that Act, (b.2) the taxpayer's qualifying performance income (as defined in subsection 143.1(1)) that is deemed by paragraph 143.1(2)(c) to be income of an amateur athlete trust for the year, (c) the taxpayer's income (other than an amount described in paragraph 12(1)(z)) for a period in the year throughout which the taxpayer was not resident in Canada from (i) the duties of an office or employment performed by the taxpayer in Canada, determined without reference to paragraphs 8(1)(c), 8(1)(m) and 8(1)(m.2), or (ii) a business carried on by the taxpayer in Canada, either alone or as a partner actively engaged in the business except to the extent that the income is exempt from income tax in Canada by reason of a provision contained in a tax convention or agreement with another country that has the force of law in Canada, or (d) in the case of a taxpayer described in subsection 115(2), the total that would be determined under paragraph 115(2)(e) in respect of the taxpayer for the year if (i) that paragraph were read without reference to subparagraph 115(2)(e)(iv), and (ii) subparagraph 115(2)(e)(iii) were read without any reference therein to paragraph 56(1)(n), except any part thereof included in the total determined under this definition by reason of paragraph (c) or exempt from income tax in Canada by reason of a provision contained in a tax convention or agreement with another country that has the force of law in Canada, exceeds the total of all amounts each of which is (e) the taxpayer's loss for a period in the year throughout which the taxpayer was resident in Canada from (i) a business carried on by the taxpayer, either alone or as a partner actively engaged in the business, or (ii) property, where the loss is sustained from the rental of real or immovable property, (f) an amount deductible under paragraph 60(b), or deducted under paragraph 60(c.2), in computing the taxpayer’s income for the year, or (g) the taxpayer’s loss for a period in the year throughout which the taxpayer was not resident in Canada from a business carried on by the taxpayer in Canada, either alone or as a partner actively engaged in the business, and, for the purposes of this definition, the income or loss of a taxpayer for any period in a taxation year is the taxpayer’s income or loss computed as though that period were the whole taxation year; (revenu gagné) issuer means the person referred to in the definition retirement savings plan in this subsection with whom an annuitant has a contract or arrangement that is a retirement savings plan; (émetteur) maturity means the date fixed under a retirement savings plan for the commencement of any retirement income the payment of which is provided for by the plan; (échéance) net past service pension adjustment of a taxpayer for a taxation year means the positive or negative amount determined by the formula P is the total of all amounts each of which is the taxpayer’s past service pension adjustment for the year in respect of an employer, Q is the total of all amounts each of which is the amount of a contribution made under subsection 147.1(2), or deemed by prescribed rules to have been made, in respect of the taxpayer for the immediately preceding year, and non-qualified investment has the same meaning as in subsection 207.01(1); (placement non admissible) premium means any periodic or other amount paid or payable under a retirement savings plan (a) as consideration for any contract referred to in paragraph (a) of the definition retirement savings plan to pay a retirement income, or (b) as a contribution or deposit referred to in paragraph (b) of that definition for the purpose stated in that paragraph but except for the purposes of paragraph (b) of the definition benefit in this subsection, paragraph (2)(b.3), subsection (22) and the definition excluded premium in subsection 146.02(1), does not include a repayment to which paragraph (b) or (d) of the definition excluded withdrawal in subsection 146.01(1), or paragraph (b) of the definition excluded withdrawal in subsection 146.02(1), applies or an amount that is designated under subsection 146.01(3) or 146.02(3); (prime) qualified investment for a trust governed by a registered retirement savings plan means (a) an investment that would be described by any of paragraphs (a) to (d), (f) and (g) of the definition qualified investment in section 204 if the reference in that definition to “a trust governed by a deferred profit sharing plan or revoked plan” were read as a reference to “a trust governed by a registered retirement savings plan” and if that definition were read without reference to the words “with the exception of excluded property”; and (c) an annuity described in the definition retirement income in respect of the annuitant under the plan, if purchased from a licensed annuities provider, (c.1) a contract for an annuity issued by a licensed annuities provider where (i) the trust is the only person who, disregarding any subsequent transfer of the contract by the trust, is or may become entitled to any annuity payments under the contract, and (ii) the holder of the contract has a right to surrender the contract at any time for an amount that would, if reasonable sales and administration charges were ignored, approximate the value of funds that could otherwise be applied to fund future periodic payments under the contract, (c.2) a contract for an annuity issued by a licensed annuities provider where (i) annual or more frequent periodic payments are or may be made under the contract to the holder of the contract, (ii) the trust is the only person who, disregarding any subsequent transfer of the contract by the trust, is or may become entitled to any annuity payments under the contract, (iii) neither the time nor the amount of any payment under the contract may vary because of the length of any life, other than the life of the annuitant under the plan (in this definition referred to as the “RRSP annuitant”), (iv) the day on which the periodic payments began or are to begin (in this paragraph referred to as the “start date”) is not later than the end of the year in which the RRSP annuitant attains 72 years of age, (A) the periodic payments are payable for the life of the RRSP annuitant and either there is no guaranteed period under the contract or there is a guaranteed period that begins at the start date and does not exceed a term equal to 90 years minus the lesser of (I) the age in whole years at the start date of the RRSP annuitant (determined on the assumption that the RRSP annuitant is alive at the start date), and (II) the age in whole years at the start date of a spouse or common-law partner of the RRSP annuitant (determined on the assumption that a spouse or common-law partner of the RRSP annuitant at the time the contract was acquired is a spouse or common-law partner of the RRSP annuitant at the start date), or (B) the periodic payments are payable for a term equal to (I) 90 years minus the age described in subclause (I), or (II) 90 years minus the age described in subclause (II), and (A) are equal, or (B) are not equal solely because of one or more adjustments that would, if the contract were an annuity under a retirement savings plan, be in accordance with subparagraphs 146(3)(b)(iii) to 146(3)(b)(v) or that arise because of a uniform reduction in the entitlement to the periodic payments as a consequence of a partial surrender of or rights to the periodic payments, and (d) such other investments as may be prescribed by regulations of the Governor in Council made on the recommendation of the Minister of Finance; (placement admissible) RRSP deduction limit of a taxpayer for a taxation year means the amount determined by the formula A is the taxpayer’s unused RRSP deduction room at the end of the preceding taxation year, B is the amount, if any, by which (a) the lesser of the RRSP dollar limit for the year and 18% of the taxpayer’s earned income for the preceding taxation year exceeds the total of all amounts each of which is (b) the taxpayer’s pension adjustment for the preceding taxation year in respect of an employer, or (c) a prescribed amount in respect of the taxpayer for the year, C is the taxpayer’s net past service pension adjustment for the year, and RRSP dollar limit for a calendar year means (a) for years other than 1996 and 2003, the money purchase limit for the preceding year, (b) for 1996, $13,500, and refund of premiums means any amount paid out of or under a registered retirement savings plan (other than a tax-paid amount in respect of the plan) as a consequence of the death of the annuitant under the plan, (a) to an individual who was, immediately before the death, a spouse or common-law partner of the annuitant, where the annuitant died before the maturity of the plan, or (b) to a child or grandchild of the annuitant who was, immediately before the death, financially dependent on the annuitant for support; (remboursement de primes) registered retirement savings plan means a retirement savings plan accepted by the Minister for registration for the purposes of this Act as complying with the requirements of this section; (régime enregistré d’épargne-retraite) retirement income means (a) an annuity commencing at maturity, and with or without a guaranteed term commencing at maturity, not exceeding the term referred to in paragraph (b), or, in the case of a plan entered into before March 14, 1957, not exceeding 20 years, payable to (ii) the annuitant for the lives, jointly, of the annuitant and the annuitant’s spouse and to the survivor of them for the survivor’s life, or (b) an annuity commencing at maturity, payable to the annuitant, or to the annuitant for the annuitant’s life and to the spouse after the annuitant’s death, for a term of years equal to 90 minus either (i) the age in whole years of the annuitant at the maturity of the plan, or (ii) where the annuitant’s spouse is younger than the annuitant and the annuitant so elects, the age in whole years of the spouse at the maturity of the plan, issued by a person described in the definition retirement savings plan in this subsection with whom an individual may have a contract or arrangement that is a retirement savings plan, retirement savings plan means (a) a contract between an individual and a person licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada an annuities business, under which, in consideration of payment by the individual or the individual’s spouse or common-law partner of any periodic or other amount as consideration under the contract, a retirement income commencing at maturity is to be provided for the individual, or (b) an arrangement under which payment is made by an individual or the individual’s spouse or common-law partner (i) in trust to a corporation licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada the business of offering to the public its services as trustee, of any periodic or other amount as a contribution under the trust, (ii) to a corporation approved by the Governor in Council for the purposes of this section that is licensed or otherwise authorized under the laws of Canada or a province to issue investment contracts providing for the payment to or to the credit of the holder thereof of a fixed or determinable amount at maturity, of any periodic or other amount as a contribution under such a contract between the individual and that corporation, or (iii) as a deposit with a branch or office, in Canada, of (A) a person who is, or is eligible to become, a member of the Canadian Payments Association, or (B) a credit union that is a shareholder or member of a body corporate referred to as a “central” for the purposes of the Canadian Payments Act, (in this section referred to as a “depositary”) to be used, invested or otherwise applied by that corporation or that depositary, as the case may be, for the purpose of providing for the individual, commencing at maturity, a retirement income; (régime d’épargne-retraite) spousal or common-law partner plan, in relation to a taxpayer, means (i) to which the taxpayer has, at a time when the taxpayer’s spouse or common-law partner was the annuitant under the plan, paid a premium, or (ii) that has received a payment out of or a transfer from a registered retirement savings plan or a registered retirement income fund that was a spousal or common-law partner plan in relation to the taxpayer, or tax-paid amount paid to a person in respect of a registered retirement saving plan means (a) an amount paid to the person in respect of the amount that would, if this Act were read without reference to subsection 104(6), be income of a trust governed by the plan for a taxation year for which the trust was subject to tax because of paragraph 146(4)(c), or (i) the plan is a deposit with a depositary referred to in clause (b)(iii)(B) of the definition retirement savings plan in this subsection, and (ii) an amount is received at any time out of or under the plan by the person, the portion of the amount that can reasonably be considered to relate to interest or another amount in respect of the deposit that was required to be included in computing the income of any person (other than the annuitant) otherwise than because of this section; unused RRSP deduction room of a taxpayer at the end of a taxation year means, (a) for taxation years ending before 1991, nil, and (b) for taxation years that end after 1990, the amount, which can be positive or negative, determined by the formula A is the taxpayer’s unused RRSP deduction room at the end of the preceding taxation year, B is the amount, if any, by which (i) the lesser of the RRSP dollar limit for the year and 18% of the taxpayer’s earned income for the preceding taxation year exceeds the total of all amounts each of which is (iii) a prescribed amount in respect of the taxpayer for the year, C is the taxpayer’s net past service pension adjustment for the year, D is the total of all amounts each of which is (ii) an amount deducted by the taxpayer under any of subsections (5) to (5.2), in computing the taxpayer’s income for the year, (ii) amount deducted by the taxpayer under paragraph 10 of Article XVIII of the Canada-United States Tax Convention signed at Washington on September 26, 1980 or a similar provision in another tax treaty, in computing the taxpayer’s taxable income for the year, (iii) a contribution made by an employer in the year to a pooled registered pension plan in respect of the taxpayer, or (iv) the amount, if any, by which the taxpayer’s exempt-income contribution amount (as defined in subsection 147.5(1)) for the year exceeds the taxpayer’s unused non-deductible PRPP room (as defined in subsection 147.5(1)) at the end of the preceding taxation year, and (1.1) For the purposes of paragraph (b) of the definition refund of premiums in subsection (1), clause 60(l)(v)(B.01), the definition eligible individual in subsection 60.02(1), subparagraph 104(27)(c)(i) of section 147.5, it is assumed, unless the contrary is established, that an individual’s child or grandchild was not financially dependent on the individual for support immediately before the individual’s death if the income of the child or grandchild for the taxation year preceding the taxation year in which the individual died exceeded the amount determined by the formula A is the amount determined for F in subsection 118(1.1) for that preceding taxation year; and B is nil, unless the financial dependency was because of mental or physical infirmity, in which case it is $6,180 adjusted for each such preceding taxation year that is after 2002 in the manner set out in section 117.1. Acceptance of plan for registration
Definition of child [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 75.1; 1994, c. 7, Sch. II, s. 54. Idem
The Minister shall not accept for registration for the purposes of this Act any retirement savings plan unless, in the Minister’s opinion, it complies with the following conditions: (a) the plan does not provide for the payment of any benefit before maturity except (b) the plan does not provide for the payment of any benefit after maturity except (i) by way of retirement income to the annuitant, (ii) to the annuitant in full or partial commutation of retirement income under the plan, and (b.1) the plan does not provide for a payment to the annuitant of a retirement income except by way of equal annual or more frequent periodic payments until such time as there is a payment in full or partial commutation of the retirement income and, where that commutation is partial, equal annual or more frequent periodic payments thereafter; (b.2) the plan does not provide for periodic payments in a year under an annuity after the death of the first annuitant, the total of which exceeds the total of the payments under the annuity in a year before that death; (b.3) the plan does not provide for the payment of any premium after maturity; (b.4) the plan does not provide for maturity after the end of the year in which the annuitant attains 71 years of age; (c) the plan provides that retirement income under the plan may not be assigned in whole or in part; (c.1) notwithstanding paragraph 146(2)(a), the plan permits the payment of an amount to a taxpayer where the amount is paid to reduce the amount of tax otherwise payable under Part X.1 by the taxpayer; (c.2) the plan requires the commutation of each annuity payable thereunder that would otherwise become payable to a person other than an annuitant under the plan; (c.3) the plan, where it involves a depositary, includes provisions stipulating that (i) the depositary has no right of offset as regards the property held under the plan in connection with any debt or obligation owing to the depositary, and (ii) the property held under the plan cannot be pledged, assigned or in any way alienated as security for a loan or for any purpose other than that of providing for the annuitant, commencing at maturity, a retirement income; and (d) the plan in all other respects complies with regulations of the Governor in Council made on the recommendation of the Minister of Finance.
Definitions of certain expressions [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] - R.S., 1985, c. 1 (5th Supp.), s. 76; 1994, c. 7, Sch. II, s. 55; 2012, c. 19, s. 19. ou en paiement intégral ou partiel d’une dette avant qu’elle ne soit payable, lequel titre ou droit ou lequel créance n’est pas payable ou rachetable avant l’échéance de la dette, est réputé, pour l’application du paragraphe (1), être reçu par la personne qui le détient à l’échéance de la dette. Édiction par souci de précision
The Minister may accept for registration for the purposes of this Act any retirement savings plan notwithstanding that the plan (a) provides for the payment of a benefit after maturity by way of dividend; (b) provides for any annual or more frequent periodic amount payable (i) to the annuitant referred to in subparagraph (a)(ii) of the definition retirement income in subsection 146(1) by way of an annuity described in paragraph (a) of that definition to be reduced, in the event of the death of the annuitant’s spouse or common-law partner during the lifetime of the annuitant, in such manner as to provide for the payment of equal annual or more frequent periodic amounts throughout the lifetime of the annuitant thereafter, (ii) to any person by way of an annuity, to be reduced if a pension becomes payable to that person under the Old Age Security Act, by an annual or other periodic amount not exceeding the amount payable to that person in that period under that Act, (iii) to any person by way of an annuity, to be increased or reduced depending on the increase or reduction in the value of a specified group of assets constituting the assets of a separate and distinct account or fund maintained in respect of a variable annuities business by a person licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada that business, (iii.1) to any person by way of an annuity under a contract that provides for the increase or reduction of the annuity in accordance only with a change of the interest rate on which the annuity is based, if the interest rate, as increased or reduced, equals or approximates a generally available Canadian market interest rate, (iv) that may be adjusted annually to reflect (A) in whole or in part increases in the Consumer Price Index, as published by Statistics Canada under the authority of the Statistics Act, or (v) to the annuitant by way of an annuity to be increased annually to the extent the amount or rate of return that would have been earned on a pool of investment assets (available for purchase by the public and specified in the annuity contract) exceeds the amount or rate specified in the plan and provides that no other increase may be made in the amount payable; (e) is adjoined to a contract or other arrangement that is not a retirement savings plan; or (f) contains such other terms and provisions, not inconsistent with this section, as are authorized or permitted by regulations of the Governor in Council made on the recommendation of the Minister of Finance. No tax while trust governed by plan
Il est entendu que le présent article n’a pas pour effet de restreindre la portée générale des autres dispositions de la présente partie qui exigent l’inclusion de sommes dans le calcul du revenu. Dette réputée ne pas être une dette de revenus
Except as provided in subsection 146(10.1), no tax is payable under this Part by a trust on the taxable income of the trust for a taxation year if, throughout the period in the year during which the trust was in existence, the trust was governed by a registered retirement savings plan, except that (a) if the trust has borrowed money (other than money used in carrying on a business) in the year or has, after June 18, 1971, borrowed money (other than money used in carrying on a business) that it has not repaid before the commencement of the year, tax is payable under this Part by the trust on its taxable income for the year; (b) in any case not described in paragraph 146(4)(a), if the trust has carried on any business or businesses in the year, tax is payable under this Part by the trust on the amount, if any, by which (i) the amount that its taxable income for the year would be if it had no incomes or losses from sources other than that business or those businesses, as the case may be, (ii) such portion of the amount determined under subparagraph 146(4)(b)(i) in respect of the trust for the year as can reasonably be considered to be income from, or from the disposition of, qualified investments for the trust; and (c) if the last annuitant under the plan has died, tax is payable under this Part by the trust on its taxable income for each year after the year following the year in which the last annuitant died.
Lorsqu’un bon de paiement ou tout autre moyen de règlement prescrit par règlement d’application de la Loi sur les grains du Canada ou prescrit par le ministre est délivré à un contribuable pour du grain livré, au cours d’une année d’imposition du contribuable, à une installation primaire ou une installation de transformation et que ce bon ou autre moyen de règlement donne à son titulaire le droit de se faire payer par l’exploitant de l’installation, après la fin de cette année d’imposition, le prix d’achat indiqué sur le bon ou l’autre moyen de règlement doit, malgré toute autre disposition du présent article, être inclus dans le calcul du revenu du contribuable auquel le bon ou l’autre moyen de règlement a été délivré pour son année d’imposition suivant l’année d’imposition au cours de laquelle le grain a été livré et non pour l’année d’imposition au cours de laquelle le grain a été livré. Définition de certaines expressions
There may be deducted in computing a taxpayer’s income for a taxation year such amount as the taxpayer claims not exceeding the lesser of (a) the amount, if any, by which the total of all amounts each of which is a premium paid by the taxpayer after 1990 and on or before the day that is 60 days after the end of the year under a registered retirement savings plan under which the taxpayer was the annuitant at the time the premium was paid, other than the portion, if any, of the premium (i) that was deducted in computing the taxpayer’s income for a preceding taxation year, (ii) that was designated for any taxation year for the purposes of paragraph 60(j), 60(j.1) or 60(l), (iii) in respect of which the taxpayer received a payment that was deducted under subsection 146(8.2) in computing the taxpayer’s income for a preceding taxation year, (iii.1) that was an exempt-income contribution amount (as defined in subsection 147.5(1)) for any taxation year, (iv) that was deductible under subsection 146(6.1) in computing the taxpayer’s income for any taxation year or (iv.1) that would be considered to be withdrawn by the taxpayer as an eligible amount (as defined in subsection 146.01(1) or 146.02(1)) less than 90 days after it was paid, if earnings in respect of a registered retirement savings plan were considered to be withdrawn before premiums paid under that plan and premiums were considered to be withdrawn in the order in which they were paid (v) the amount, if any, by which (A) the total of all amounts deducted under subsection 147.3(13.1) in computing the taxpayer’s income for the year or a preceding taxation year (B) the total of all amounts, in respect of transfers occurring before 1991 from registered pension plans, deemed by paragraph 147.3(10)(b) or 147.3(10)(c) to be a premium paid by the taxpayer to a registered retirement savings plan, and (b) the amount, if any, by which the taxpayer’s RRSP deduction limit for the year exceeds the total of all contributions made by an employer in the year to a pooled registered pension plan in respect of the taxpayer. (5.1) There may be deducted in computing a taxpayer’s income for a taxation year such amount as the taxpayer claims not exceeding the lesser of (a) the total of all amounts each of which is a premium paid by the taxpayer after 1990 and on or before the day that is 60 days after the end of the year under a registered retirement savings plan under which the taxpayer’s spouse or common-law partner (or, where the taxpayer died in the year or within 60 days after the end of the year, an individual who was the taxpayer’s spouse or common-law partner immediately before the death) was the annuitant at the time the premium was paid, other than the portion, if any, of the premium (i) that was deducted in computing the taxpayer’s income for a preceding taxation year, (ii) that was designated for any taxation year for the purposes of paragraph 60(j.2), (iii) in respect of which the taxpayer or the taxpayer’s spouse or common-law partner has received a payment that has been deducted under subsection 146(8.2) in computing the taxpayer’s income for a preceding taxation year, or (iv) that would be considered to be withdrawn by the taxpayer’s spouse or common-law partner as an eligible amount (as defined in subsection 146.01(1) or 146.02(1)) less than 90 days after it was paid, if earnings in respect of a registered retirement savings plan were considered to be withdrawn before premiums paid under that plan and premiums were considered to be withdrawn in the order in which they were paid, and (b) the amount, if any, by which the taxpayer’s RRSP deduction limit for the year exceeds the total of all amounts each of which is (i) the amount deducted under subsection (5) in computing the taxpayer’s income for the year, or (ii) a contribution made by an employer in the year to a pooled registered pension plan in respect of the taxpayer. (5.2) If a taxpayer’s entitlement to benefits under a defined benefit provision of a registered pension plan is transferred in accordance with subsection 147.3(4) after February 2009 and before 2011, there may be deducted in computing the taxpayer’s income for a taxation year that ends on or after the day on which the transfer was made, the amount claimed by the taxpayer in respect of premiums paid by the taxpayer in the year to a registered retirement savings plan under which the taxpayer is the annuitant, not exceeding the amount, if any, determined by the formula A is the amount, if any, that is the lesser of (a) the prescribed amount that would have been determined for the purpose of paragraph 147.3(4)(c) if subsection 8517(3.01) of the Regulations had applied in respect of the transfer, and (b) the amount of the taxpayer’s entitlement to benefits under the provision commuted in connection with the transfer; B is the prescribed amount for the purpose of paragraph 147.3(4)(c) that applied in respect of the transfer; and c is the total of all amounts deducted by the taxpayer under this subsection for a preceding taxation year. Transitional rule (5.201) For the purpose of subsection (5.2), a premium paid by a taxpayer before 2013 is deemed to have been paid in the taxation year in which the transfer referred to in that subsection was made and not in the year in which it was actually paid, if the taxpayer so elects in prescribed form. Anti-avoidance (5.21) Notwithstanding any other provision of this section, where (a) a registered pension plan is amended or administered in such a manner as to terminate, suspend or delay (i) the membership of an individual in the plan for the individual’s 1990 taxation year, (ii) contributions under the plan by or for the benefit of the individual in respect of the year, or (iii) the accrual of retirement benefits under the plan for the individual in respect of the year, or (b) a deferred profit sharing plan is amended or administered in such a manner as to terminate, suspend or delay contributions under the plan for the year in respect of an individual, and one of the main reasons for the termination, suspension or delay may reasonably be considered to be to reduce the pension adjustment of the individual for the year in respect of an employer, the only amount that may be deducted in computing the income for the year of the individual, in respect of premiums paid to registered retirement savings plans, is the amount that would have been deductible had that termination, suspension or delay not occurred.
Pour l’application du paragraphe (4), bon de paiement, exploitant, installation de transformation et installation primaire s’entendent au sens de la Loi sur les grains du Canada et grain s’entend du blé, de l’avoine, de l’orge, du seigle, de la graine de lin, de la graine de colza et du canola produits au Canada. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent codifié; voir les lois et règlements modificatifs pertinents.] - L.R. (1985), ch. 1 (5e suppl.), art. 76; 1994, ch. 7, ann. II, art. 55; 2012, ch. 19, art. 19. Retrait d’une dette d’une entreprise canadienne par un non-résident
Recovery of property used as security
77 [Repealed, 1995, c. 21, s. 52] Idem Late filing (ii) cette personne est réputée avoir consenti au contribuable, le premier jour de la troisième année d’imposition en question, un prêt d’un montant égal à la somme ainsi impayée diminuée de la somme déduite de la première ou retenue sur celle-ci par le contribuable à valoir sur l’impôt de cette personne, pour la troisième année d’imposition en question. Idem
Where in a taxation year a loan, for which a trust governed by a registered retirement savings plan has used or permitted to be used trust property as security, ceases to be extant, and the fair market value of the property so used was included by virtue of subsection 146(10) in computing the income of the taxpayer who is the annuitant under the plan, there may be deducted, in computing the income of the taxpayer for the taxation year, an amount equal to the amount, if any, remaining when (a) the net loss (exclusive of payments by the trust as or on account of interest) sustained by the trust in consequence of its using the property, or permitting it to be used, as security for the loan and not as a result of a change in the fair market value of the property is deducted from (b) the amount so included in computing the income of the taxpayer in consequence of the trust’s using the property, or permitting it to be used, as security for the loan. Benefits taxable
Lorsqu’une somme, relative à des dépenses déductibles et due par un contribuable qui est une société à une personne avec laquelle il n’est pas lié de dépendance, n’a pas encore été payée au moment de la liquidation de la société et si cette liquidation est achevée avant la fin de la deuxième année d’imposition suivant celle au cours de laquelle les dépenses ont été engagées, la somme ainsi impayée doit être incluse dans le calcul du revenu du contribuable pour l’année d’imposition au cours de laquelle il a été liquidé. Présentation tardive de la convention
There shall be included in computing a taxpayer’s income for a taxation year the total of all amounts received by the taxpayer in the year as benefits out of or under registered retirement savings plans, other than excluded withdrawals (as defined in subsection 146.01(1) or 146.02(1)) of the taxpayer and amounts that are included under paragraph (12)(b) in computing the taxpayer’s income. Subsequent re-calculation (8.01) If a designated withdrawal (as defined in subsection 146.01(1)) or an amount referred to in paragraph (a) of the definition eligible amount in subsection 146.02(1) is received by a taxpayer in a taxation year and, at any time after that year, it is determined that the amount is not an excluded withdrawal (as defined in subsection 146.01(1) or 146.02(1)), notwithstanding subsections 152(4) to (5), such assessments of tax, interest and penalties shall be made as are necessary to give effect to the determination. Deemed receipt of refund of premiums (8.1) An individual and the legal representative of a deceased annuitant of a registered retirement savings plan may jointly designate in prescribed form filed with the Minister that all or a portion of a payment made out of or under the plan to the legal representative is deemed to be... have been received by the individual at the time it was so paid as a benefit that is a refund of premiums, and not to have been paid to the legal representative, if (a) a payment not less than the designated amount is made from the estate of the deceased annuitant to the individual who is entitled to receive the payment (i) as a beneficiary (as defined in subsection 108(1)) under the estate, or (ii) under a decree, order or judgment of a competent tribunal or under a written agreement, relating to the rights or interests of a spouse or common-law partner in respect of property as a result of marriage or common-law partnership; and (b) the designated amount would have been a refund of premiums if it had been paid to the individual directly from the registered retirement savings plan. Amount deductible (a) all or any portion of the premiums paid in a taxation year by a taxpayer to one or more registered retirement savings plans under which the taxpayer or the taxpayer’s spouse or common-law partner was the annuitant was not deducted in computing the taxpayer’s income for any taxation year, (b) the taxpayer or the taxpayer’s spouse or common-law partner can reasonably be regarded as having received a payment from a registered retirement savings plan or a registered retirement income fund in respect of such portion of the undeducted premiums as (i) was not paid by way of a transfer of an amount from a registered pension plan to a registered retirement savings plan, (ii) was not paid by way of a transfer of an amount from a deferred profit sharing plan to a registered retirement savings plan in accordance with subsection 147(19), and (iii) was not paid by way of a transfer of an amount to a registered retirement savings plan from (A) a pooled registered pension plan in circumstances to which subsection 147.5(21) applied, or (c) the payment is received by the taxpayer or the taxpayer’s spouse or common-law partner in a particular taxation year that is (i) the year in which the premiums were paid by the taxpayer, (ii) the year in which a notice of assessment for the taxation year referred to in subparagraph 146(8.2)(c)(i) was sent to the taxpayer, or (iii) the year immediately following the year referred to in subparagraph 146(8.2)(c)(i) or 146(8.2)(c)(ii), and (d) the payment is included in computing the taxpayer’s income for the particular year, the payment (except to the extent that it is a prescribed withdrawal) may be deducted in computing the taxpayer’s income for the particular year unless it is reasonable to consider that (e) the taxpayer did not reasonably expect that the full amount of the premiums would be deductible in the taxation year in which the premiums were paid or in the immediately preceding taxation year, and (f) the taxpayer paid all or any portion of the premiums with the intent of receiving a payment that, but for this paragraph and paragraph 146(8.2)(e), would be deductible under this subsection. Premium deemed not paid (8.21) Where a taxpayer or the taxpayer’s spouse or common-law partner has, at any time in a taxation year, received a payment from a registered retirement savings plan or a registered retirement income fund in respect of all or any portion of a premium paid by the taxpayer to a registered retirement savings plan and the payment has been deducted under subsection 146(8.2) in computing the taxpayer’s income for the year, the premium or portion thereof, as the case may be, shall, (a) for the purposes of determining, after that time, the amount that may be deducted under subsection 146(5) or 146(5.1) in computing the taxpayer’s income for the year or a preceding taxation year, and (b) for the purposes of subsections 146(8.3) and 146(5.1) after that time, in the case of a payment received by the taxpayer, be deemed not to have been a premium paid by the taxpayer to a registered retirement savings plan. Spousal or common-law partner payments (8.3) Where at any time in a taxation year a particular amount in respect of a registered retirement savings plan that is a spousal or common-law partner plan in relation to a taxpayer is required by reason of subsection (8) or paragraph (12)(b) to be included in computing the income of the taxpayer’s spouse or common-law partner before the plan matures or as a payment in full or partial commutation of a retirement income under the plan and the taxpayer is not living separate and apart from the taxpayer’s spouse or common-law partner at that time by reason of the breakdown of their marriage or common-law partnership, there shall be included at that time in computing the taxpayer’s income for the year an amount equal to the lesser of (a) the total of all amounts each of which is a premium paid by the taxpayer in the year or in one of the two immediately preceding taxation years to a registered retirement savings plan under which the taxpayer’s spouse or common-law partner was the annuitant at the time the premium was paid, and (8.5) Where a taxpayer has paid more than one premium described in subsection 146(8.3), such a premium or part thereof paid by the taxpayer at any time shall be deemed to have been included in computing the taxpayer’s income by virtue of that subsection before premiums or parts thereof paid by the taxpayer after that time. (8.6) Where, in respect of an amount required at any time in a taxation year to be included in computing the income of a taxpayer’s spouse or common-law partner, all or part of a premium has by reason of subsection 146(8.3) been included in computing the taxpayer’s income for the year, the following rules apply: (a) the premium or part thereof, as the case may be, shall, for the purposes of subsections 146(8.3) and 146.3(5.1) after that time, be deemed to not have been a premium paid to a registered retirement savings plan under which the taxpayer’s spouse or common-law partner was the annuitant; and (b) an amount equal to the premium or part thereof, as the case may be, may be deducted in computing the income of the spouse or common-law partner for the year. (8.7) Subsection 146(8.3) does not apply (a) in respect of a taxpayer at any time during the year in which the taxpayer died; (b) in respect of a taxpayer where either the taxpayer or the taxpayer’s spouse or common-law partner is a non-resident at the particular time referred to in that subsection; (c) in respect of amounts paid out of or under a plan referred to in subsection 146(12) as an “amended plan” to which paragraph 146(12)(a) applied before May 26, 1976; (d) to any payment that is received in full or partial commutation of a registered retirement income fund or a registered retirement savings plan and in respect of which a deduction was made under paragraph 60(l) if, where the deduction was in respect of the acquisition of an annuity, the terms of the annuity provide that it cannot be commuted, and it is not commuted, in whole or in part within 3 years after the acquisition; or (e) in respect of an amount that is deemed by subsection 146(8.8) to have been received by an annuitant under a registered retirement savings plan immediately before the annuitant’s death. Effect of death where person other than spouse becomes entitled (8.8) Where the annuitant under a registered retirement savings plan (other than a plan that had matured before June 30, 1978) dies after June 29, 1978, the annuitant shall be deemed to have received, immediately before the annuitant’s death, an amount as a benefit out of or under a registered retirement savings plan equal to the amount, if any, by which (a) the fair market value of all the property of the plan at the time of death (b) where the annuitant died after the maturity of the plan, the fair market value at the time of the death of the portion of the property described in paragraph 146(8.8)(a) that, as a consequence of the death, becomes receivable by a person who was the annuitant’s spouse or common-law partner immediately before the death, or would become so receivable should that person survive throughout all guaranteed terms contained in the plan. (8.9) There may be deducted from the amount deemed by subsection 146(8.8) to have been received by an annuitant as a benefit out of or under a registered retirement savings plan an amount not exceeding the amount determined by the formula A is the total of (b) all tax-paid amounts in respect of the plan paid to individuals who, otherwise than because of subsection 146(8.1), received refunds of premiums in respect of the plan, and (c) all amounts each of which is a tax-paid amount in respect of the plan paid to the legal representative of the annuitant under the plan, to the extent that the legal representative would have been entitled to designate that tax-paid amount under subsection 146(8.1) if that tax-paid amount were not excluded in determining refunds of premiums; B is the fair market value of the property of the plan at the particular time that is the later of (a) the end of the first calendar year that begins after the death of the annuitant, and (b) the time immediately after the last time that any refund of premiums in respect of the plan is paid out of or under the plan; C is the total of all amounts paid out of or under the plan after the death of the annuitant and before the particular time; and D is the lesser of (a) the fair market value of the property of the plan at the time of the annuitant’s death, and Amounts deemed receivable by spouse or common-law partner (8.91) Where, as a consequence of the death of an annuitant after the maturity of the annuitant’s registered retirement savings plan, the annuitant’s legal representative has become entitled to receive amounts out of or under the plan for the benefit of the spouse or common-law partner of the deceased and the legal representative and the spouse or common-law partner file with the Minister a joint election in prescribed form, (a) the spouse or common-law partner shall be deemed to have become the annuitant under the plan as a consequence of the annuitant’s death; and (b) those amounts shall be deemed to be receivable by the spouse or common-law partner and, when paid, to be received by the spouse or common-law partner as a benefit under the plan, and not to be received by any other person. Deduction for post-death reduction in value (8.92) If the annuitant under a registered retirement savings plan dies before the maturity of the plan, there may be deducted in computing the annuitant’s income for the taxation year in which the annuitant dies an amount not exceeding the amount determined, after all amounts payable out of or under the plan have been paid, by the formula A is the total of all amounts each of which is (a) the amount deemed by subsection (8.8) to have been received by the annuitant as a benefit out of or under the plan, (b) an amount (other than an amount described in paragraph (c)) received, after the death of the annuitant, by a taxpayer as a benefit out of or under the plan and included, because of subsection (8), in computing the taxpayer’s income, or (c) a tax-paid amount in respect of the plan; and B is the total of all amounts paid out of or under the plan after the death of the annuitant. (8.93) Except where the Minister has waived in writing the application of this subsection with respect to all or any portion of the amount determined in subsection (8.92) in respect of a registered retirement savings plan, that subsection does not apply if (a) at any time after the death of the annuitant, a trust governed by the plan held a non-qualified investment; or (b) the last payment out of or under the plan was made after the end of the year following the year in which the annuitant died. Where disposition of property by trust
Lorsque, pour l’application du présent article, une convention concernant une somme visée au paragraphe (1) et due par un contribuable doit être présentée et est présentée sur le formulaire prescrit après le dernier jour fixé pour sa présentation pour l’application de l’alinéa (1)b), les alinéas (1)a) et (1)b) s’appliquent à cette somme; toutefois, l’alinéa (1)a) est censé prévoir l’inclusion de seulement 25 % de cette somme dans le calcul du revenu du contribuable. Rémunération impayée et autres montants
Where in a taxation year a trust governed by a registered retirement savings plan (a) disposes of property for a consideration less than the fair market value of the property at the time of the disposition, or for no consideration, or (b) acquires property for a consideration greater than the fair market value of the property at the time of the acquisition, the difference between the fair market value and the consideration, if any, shall be included in computing the income for the taxation year of the annuitant under the plan. Property used as security for loan
Pour l’application de la présente loi, la somme, au titre d’une dépense d’un contribuable consistant en une prestation de retraite ou de pension, une allocation de retraite, un traitement, des salaires ou une autre rémunération — à l’exclusion d’une indemnité raisonnable de vacances ou de congés ou d’un montant différé dans le cadre d’une entente d’échelonnement de traitement — pour une charge ou un emploi, qui est impayée 180 jours suivant la fin de l’année d’imposition au cours de laquelle la dépense est engagée, est réputée ne pas être engagée comme dépense au cours de l’année mais l’être au cours de l’année d’imposition où elle est payée. Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income Sections 78-79 Where s. (1) does not apply [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; i.e., R.S., 1985, c. 1 (5th Supp.), s. 78; 1994, c. 7, Sch. II, s. 56.] Definitions 79 (1) In this section, (a) money, or (b) unpaid interest accrued to that time on the debt. (montant déterminé) Surrender of property Impôt sur le revenu
If at any time in a taxation year a trust governed by a registered retirement savings plan uses or permits to be used any property of the trust as security for a loan, the fair market value of the property at the time it commenced to be so used shall be included in computing the income for the year of the taxpayer who is the annuitant under the plan at that time. Where tax payable (10.1) Where in a taxation year a trust governed by a registered retirement savings plan holds a property that is a non-qualified investment, (a) tax is payable under this Part by the trust on the amount that its taxable income for the year would be if it had no incomes or losses from sources other than non-qualified investments and no capital gains or losses other than from dispositions of non-qualified investments; and (i) income includes dividends described in section 83, and (ii) paragraphs 38(a) and (b) are to be read as if the fraction set out in each of those paragraphs were replaced by the word “all”. Change in plan after registration
Where, on any day after a retirement savings plan has been accepted by the Minister for registration for the purposes of this Act, the plan is revised or amended or a new plan is substituted for it, and the plan as revised or amended or the new plan, as the case may be (in this subsection referred to as the “amended plan”), does not comply with the requirements of this section for its acceptance by the Minister for registration for the purposes of this Act, subject to subsection 146(13.1), the following rules apply: (a) the amended plan shall be deemed, for the purposes of this Act, not to be a registered retirement savings plan; and (b) the taxpayer who was the annuitant under the plan before it became an amended plan shall, in computing the taxpayer’s income for the taxation year that includes that day, include as income received at that time an amount equal to the fair market value of all the property of the plan immediately before that time.
For the purposes of subsection 146(12), an arrangement under which a right or obligation under a retirement savings plan is released or extinguished either wholly or in part and either in exchange or substitution for any right or obligation, or otherwise (other than an arrangement the sole object and legal effect of which is to revise or amend the plan) or under which payment of any amount by way of loan or otherwise is made on the security of a right under a retirement savings plan, shall be deemed to be a new plan substituted for that retirement savings plan. Premiums paid in taxation year
Where any amount has been paid in a taxation year as a premium under a retirement savings plan that was, at the end of that taxation year, a registered retirement savings plan, the amount so paid shall be deemed, for the purposes of this Act, to have been paid in that year as a premium under a registered retirement savings plan. Plan not registered at end of year entered into
Non-application du par. (1)
Notwithstanding anything in this section, where an amount is received in a taxation year as a benefit under a registered retirement savings plan that was not, at the end of the year in which the plan was entered into, a registered retirement savings plan, such part, if any, of the amount so received as may be prescribed shall be deemed, for the purposes of this Act, to have been received in the taxation year otherwise than as a benefit or other payment under a registered retirement savings plan.
Le paragraphe (4) prévaut sur le paragraphe (1). [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; i.e., L.R. (1985), ch. 1 (5e suppl.), art. 78; 1994, ch. 7, ann. II, art. 56.] Définitions 79 (1) Les définitions qui suivent s’appliquent au présent article. bien Ne sont pas des biens l’argent ou les dettes garanties par le gouvernement d’un pays, ou d’une province, d’un État ou d’une autre subdivision politique de ce pays, ou dont un tel gouvernement est débiteur. (property) créancier S’y assimile une personne envers laquelle une personne donnée a l’obligation de payer un montant en vertu d’une créance hypothécaire ou d’un droit semblable. Par ailleurs, lorsqu’un bien est vendu à la personne donnée dans le cadre d’une vente conditionnelle, le vendeur du bien, ou tout cessionnaire par rapport à la vente, est réputé être un créancier de la personne donnée à l’égard de ce bien. (creditor) dette Est assimilée à une dette l’obligation de payer un montant en vertu d’une créance hypothécaire ou d’un droit semblable ou dans le cadre d’une vente conditionnelle. (debt) montant déterminé Le montant déterminé de la dette d’une personne envers une autre personne — y compris la dette qu’assume une personne — à un moment donné correspond au total des montants suivants : a) le principal impayé de la dette à ce moment; b) les intérêts impayés courus sur la dette à ce moment. (specified amount) personne Est assimilée à une personne une société de personnes. (person) Délaissement d’un bien
Notwithstanding any other provision in this section, a registered retirement savings plan may at any time be revised or amended to provide for the payment or transfer before the maturity of the plan, on behalf of the annuitant under the plan (in this subsection referred to as the “transferor”), of any property thereunder by the issuer thereof (a) to a registered pension plan for the benefit of the transferor or to a registered retirement savings plan or registered retirement income fund under which the transferor is the annuitant, where a.1) to a licensed annuities provider to acquire an advanced life deferred annuity for the benefit of the transferor, a.2) to a FHSA for the benefit of the transferor, if subsection (8.3) would not apply to an amount in respect of the property in the case that the property was instead received by the transferor as a benefit out of or under the registered retirement savings plan, or (b) to a registered retirement savings plan or registered retirement income fund under which the spouse or common-law partner or former spouse or common-law partner of the transferor is the annuitant, where the transferor and the transferor’s spouse or common-law partner or former spouse or common-law partner are living separate and apart and the payment or transfer is made under a decree, order or judgment of a competent tribunal, or under a written separation agreement, relating to a division of property between the transferor and the transferor’s spouse or common-law partner or former spouse or common-law partner in settlement of rights arising out of, or on the breakdown of, their marriage or common-law partnership, and, where there has been such a payment or transfer of such property on behalf of the transferor before the maturity of the plan, (c) the amount of the payment or transfer shall not, solely because of the payment or transfer, be included in computing the income of the transferor or the transferor's spouse or common-law partner or former spouse or common-law partner, (e) where the payment or transfer was made to a registered retirement savings plan, for the purposes of subsection 146(8.2), the amount of the payment or transfer shall be deemed not to be a premium paid to that plan by the taxpayer. Credited or added amount deemed not received (a) an amount is credited or added to a deposit with a depositor referred to in subparagraph (b)(iii) of the definition retirement savings plan in subsection 146(1) as interest or income of the deposit, (b) the deposit is a registered retirement savings plan at the time the amount is credited or added to the deposit, and (c) during the calendar year in which the amount is credited or added or during the preceding calendar year, the annuitant under the plan was alive, the amount shall be deemed not to be received by the annuitant or any other person solely because of the crediting or adding. Specified pension plan (a) an amount (other than an amount that is part of a series of periodic payments) is transferred directly from an individual's account under a specified pension plan (i) to a registered retirement savings plan or registered retirement income fund under which the individual, or a spouse or common-law partner or former spouse or common-law partner of the individual, is the annuitant, (ii) to acquire from a licensed annuities provider an annuity that would be described in subparagraph 60(l)(ii) if the individual, or a spouse or common-law partner or former spouse or common-law partner of the individual, were the taxpayer referred to in that subparagraph and if that subparagraph were read without reference to clause 60(l)(ii)(B), or (iii) to an account under the plan of a spouse or common-law partner or former spouse or common-law partner of the individual, and (b) if the transfer is in respect of a spouse or common-law partner or former spouse or common-law partner of the individual, (i) the individual and the spouse or common-law partner or former spouse or common-law partner are living separate and apart and the transfer is made under a decree, order or judgment of a competent tribunal, or under a written separation agreement, relating to a division of property in settlement of rights arising out of, or on the breakdown of, their marriage or common-law partnership, or (ii) the amount is transferred as a consequence of the individual’s death, the following rules apply: (c) the amount shall not, solely because of the transfer, be included because of subparagraph 56(1)(a)(i) in computing the income of a taxpayer, and (d) no deduction may be made under any provision of this Act in respect of the transfer in computing the income of a taxpayer. (21.1) For the purposes of this section, paragraphs 18(1)(b), 60(j), j.1) and (l), 74.5(12)(a), 146.01(3)(a) and 146.02(3)(a) and Parts X.1 and X.5, and for the purposes of section 214.1 of the Income Tax Regulations, a contribution made by an individual to an account of the individual, or of the individual’s spouse or common-law partner, under a specified pension plan is deemed to be a premium paid by the individual to a registered retirement savings plan under which the individual, or the individual’s spouse or common-law partner, as the case may be, is the annuitant. (21.2) For the purposes of paragraph 8(2)(b), subsection 8(21), paragraphs (16)(a) and (b) and 18(1)(u), section 60.01, subparagraph (a)(i) of the definition excluded right or interest in subsection 128.1(10), paragraph (b) of the definition excluded premium in subsection 146.01(1), paragraph (c) of the definition excluded premium in subsection 146.02(1), subsections 146.3(14) and 147(19), section 147.3 and paragraphs 147.5(21)(c) and 212(1)(j.1) and (m) and for the purposes of any regulations made under subsection 147.1(18), an individual’s account under a specified pension plan is deemed to be a registered retirement savings plan under which the individual is the annuitant. (21.3) For the purposes of subsections (8.3) to (8.7), a payment received by an individual from a specified pension plan is deemed to be a payment received by the individual from a registered retirement savings plan.
Pour l’application du présent article, une personne acquiert, par délaissement, un bien d’une autre personne à un moment donné lorsqu’elle acquiert ou acquiert de nouveau de l’autre personne, à ce moment, la propriété effective du bien et que cette acquisition ou cette réacquisition est effectuée par suite du défaut de l’autre personne de payer tout ou partie d’un ou plusieurs montants déterminés d’une dette qu’avait envers elle l’autre personne immédiatement avant ce moment. Proceeds of disposition for debtor (A + B + C + D + E - F) × G/H where D is Produit de disposition pour le débiteur
If the Minister so directs, (a) except for the purposes of subparagraphs (5)(a)(iv.1) and (5.1)(a)(iv), an amount paid by an individual in a taxation year (other than an amount paid in the first 60 days of the year) as a premium is deemed to have been paid at the beginning of the year and not at the time it was actually paid; (b) all or part of the amount may be designated in writing by the individual for the purpose of paragraph 60(j), 60(j.1) or subsection 146.01(3) or 146.02(3); and (c) the amount or part of the amount is deemed to have been indicated in the individual’s return of income for the preceding taxation year or in a prescribed form filed with that return, as the case may be. (b) where the amount was received after March 1, 1993 and before March 2, 1994, October 1, 1994, and (c) in any other case, October 1 of the calendar year following the calendar year in which the amount was received; (date de clôture) designated withdrawal of an individual is an amount received by the individual, as a benefit out of or under a registered retirement savings plan, pursuant to the individual's written request in the prescribed form referred to in paragraph (a) of the definition eligible amount (as that definition read in its application to amounts received before 1999), paragraph (a) of the definition regular eligible amount or paragraph (a) of the definition supplemental eligible amount; (retrait déterminé) excluded premium in respect of an individual means a premium under a registered retirement savings plan where the premium (b) was an amount transferred directly from a FHSA, registered retirement savings plan, registered pension plan, registered retirement income fund or deferred profit sharing plan, (c) was deductible under subsection 146(6.1) in computing the individual's income for any taxation year, or (d) was deducted in computing the individual's income for the 1991 taxation year; (prime exclue) excluded withdrawal of an individual means (a) an eligible amount received by the individual, (b) a particular amount (other than an eligible amount) received while the individual was resident in Canada and in a calendar year if (i) the particular amount would be an eligible amount of the individual if the definition regular eligible amount were read without reference to paragraphs (c) and (g) of that definition and the definition supplemental eligible amount were read without reference to paragraphs (d) and (f) of that definition, (ii) a payment (other than an excluded premium) equal to the particular amount is made by the individual under a retirement savings plan that is, at the end of the taxation year of the payment, a registered retirement savings plan under which the individual is the annuitant, (iii) the payment is made before the particular time that is (A) if the individual was not resident in Canada at the time the individual filed a return of income for the taxation year in which the particular amount was received, the earlier of (I) the end of the following calendar year, and (II) the time at which the individual filed the return, (B) where clause (A) does not apply and the particular amount would, but for subclause (2)(c)(ii)(A)(B), be an eligible amount, the end of the second following calendar year, and (C) in any other case, the end of the following calendar year, and (A) if the particular time is before 2000, the payment is made, as a repayment of the particular amount, to the issuer of the registered retirement savings plan from which the particular amount was received, no other payment is made as a repayment of the particular amount and that issuer is notified of the payment in prescribed form submitted to the issuer at the time the payment is made, or (B) the payment is made after 1999 and before the particular time and the payment (and no other payment) is designated under this clause as a repayment of the particular amount in prescribed form filed with the Minister on or before the particular time (or before such later time as is acceptable to the Minister), (c) an amount (other than an eligible amount) that is received in a calendar year before 1999 and that would be an eligible amount of the individual if the definition eligible amount, as it applied to amounts received before 1999, were read without reference to paragraphs (c) and (e) of that definition, where the individual (i) died before the end of the following calendar year, and (ii) was resident in Canada throughout the period that began immediately after the amount was received and ended at the time of the death, or (d) a particular amount (other than an eligible amount) received while the individual was resident in Canada and in a calendar year if (i) the particular amount would be a regular eligible amount if subsection (2.1) were read without reference to its subparagraph (a)(iii), (ii) a payment (other than an excluded premium) equal to the particular amount is made by the individual under a retirement savings plan that is, at the end of the taxation year of the payment, a registered retirement savings plan under which the individual is the annuitant, and (iii) the payment is made before the end of the second calendar year after the calendar year that includes the particular time referred to in subsection (2.1); (retrait exclu) HBP balance of an individual at any time means the amount, if any, by which the total of all eligible amounts received by the individual at or before that time exceeds the total of (a) all amounts designated under subsection (3) by the individual for taxation years that ended before that time, and (b) all amounts each of which is included under subsection (4) or (5) in computing the individual’s income for a taxation year that ended before that time; (solde RAP) (a) that begins at the beginning of a calendar year in which the individual receives an eligible amount, and (b) that ends immediately before the beginning of the first subsequent calendar year at the beginning of which the individual’s HBP balance is nil; (période de participation) premium has the meaning assigned by subsection 146(1); (prime) qualifying home means (a) a housing unit located in Canada, or (b) a share of the capital stock of a cooperative housing corporation, the holder of which is entitled to possession of a housing unit located in Canada, except that, where the context so requires, a reference to a qualifying home that is a share described in paragraph (b) means the housing unit to which the share described in that paragraph relates; (habitation admissible) regular eligible amount of an individual means an amount received at a particular time by the individual as a benefit out of or under a registered retirement savings plan if (a) the amount is received pursuant to the individual’s written request in a prescribed form in which the individual sets out the location of a qualifying home that the individual has begun, or intends not later than one year after its acquisition by the individual to begin, using as a principal place of residence, (b) the individual entered into an agreement in writing before the particular time for the acquisition of it or with respect to its construction, (c) the individual (i) acquires the qualifying home (or a replacement property for the qualifying home) before the completion date in respect of the amount, or (ii) dies before the end of the calendar year that includes the completion date in respect of the amount, (d) neither the individual nor the individual’s spouse or common-law partner acquired the qualifying home more than 30 days before the particular time, (e) the individual did not have an owner-occupied home in the period (i) that began at the beginning of the fourth preceding calendar year that ended before the particular time, and (ii) that ended on the 31st day before the particular time, (f) the individual’s spouse or common-law partner did not, in the period referred to in paragraph (e), have an owner-occupied home (i) that was inhabited by the individual during the spouse’s or common-law partner’s marriage or common-law partnership to the individual, or (ii) that was a share of the capital stock of a cooperative housing corporation that relates to a housing unit inhabited by the individual during the spouse’s or common-law partner’s marriage or common-law partnership to the individual, (i) acquired the qualifying home before the particular time and is resident in Canada at the particular time, or (ii) is resident in Canada throughout the period that begins at the particular time and ends at the earlier of the time of the individual’s death and the earliest time at which the individual acquires the qualifying home or a replacement property for it, (h) the total of the amount and all other eligible amounts received by the individual in the calendar year that includes the particular time does not exceed $60,000, and (i) the individual’s HBP balance at the beginning of the calendar year that includes the particular time is nil; (montant admissible principal) replacement property for a particular qualifying home in respect of an individual, or of a specified disabled person in respect of the individual, means another qualifying home that (a) the individual or the specified disabled person agrees to acquire, or begins the construction of, at a particular time that is after the latest time that the individual made a request described in the definition designated withdrawal in respect of the particular qualifying home, (b) at the particular time, the individual intends to be used by the individual or the specified disabled person as a principal place of residence not later than one year after its acquisition, and (c) none of the individual, the individual’s spouse or common-law partner, the specified disabled person or that person’s spouse or common-law partner had acquired before the particular time; (bien de remplacement) (a) is the individual or is related at that time to the individual, and (b) would be entitled to a deduction under subsection 118.3(1) in computing tax payable under this Part for the person's taxation year that includes that time if that subsection were read without reference to paragraph (c) of that subsection; (personne handicapée déterminée) supplemental eligible amount of an individual means an amount received at a particular time by the individual as a benefit out of or under a registered retirement savings plan if (a) the amount is received pursuant to the individual’s written request in a prescribed form identifying a specified disabled person in respect of the individual and setting out the location of a qualifying home (i) that has begun to be used by that person as a principal place of residence, or (ii) that the individual intends to be used by that person as a principal place of residence not later than one year after its first acquisition after the particular time, (b) the purpose of receiving the amount is to enable the specified disabled person to live (i) in a dwelling that is more accessible by that person or in which that person is more mobile or functional, or (ii) in an environment better suited to the personal needs and care of that person, (c) the individual or the specified disabled person entered into an agreement in writing before the particular time for the acquisition of the qualifying home or with respect to its construction, (i) the individual or the specified disabled person acquires the qualifying home (or a replacement property for it) after 1998 and before the completion date in respect of the amount, or (ii) the individual dies before the end of the calendar year that includes the completion date in respect of the amount, (e) none of the individual, the spouse or common-law partner of the individual, the specified disabled person or the spouse or common-law partner of that person acquired the qualifying home more than 30 days before the particular time, (i) the individual or the specified disabled person acquired the qualifying home before the particular time and the individual is resident in Canada at the particular time, or (ii) the individual is resident in Canada throughout the period that begins at the particular time and ends at the earlier of the time of the individual’s death and the earliest time at which (A) the individual acquires the qualifying home or a replacement property for it, or (B) the specified disabled person acquires the qualifying home or a replacement property for it, (g) the total of the amount and all other eligible amounts received by the individual in the calendar year that includes the particular time does not exceed $60,000, and (h) the individual’s HBP balance at the beginning of the calendar year that includes the particular time is nil. (montant admissible supplémentaire)
Lorsqu’un créancier acquiert, par délaissement, un bien donné d’une personne (appelée « débiteur » au présent paragraphe) à un moment quelconque, le produit de disposition du bien donné pour le débiteur est réputé correspondre au résultat du calcul suivant : (A + B + C + D + E - F) × G/H où : A représente le total des montants déterminés des dettes du débiteur envers le créancier immédiatement avant ce moment relativement aux biens que le créancier acquiert, par délaissement, du débiteur à ce moment; B le total des montants représentant chacun le montant déterminé d’une dette du débiteur envers une personne, sauf le créancier, immédiatement avant ce moment, dans la mesure où la dette cesse d’être due du fait que le créancier acquiert, par délaissement, des biens du débiteur à ce moment; C le total des montants représentant chacun le montant déterminé d’une dette particulière du débiteur envers une personne immédiatement avant ce moment sauf le créancier et qui est inclus dans le total déterminé pour A ou B du fait que le créancier acquiert, par délaissement, des biens du débiteur à ce moment, dans les cas où, à la fois : a) tout bien que le créancier acquiert, par délaissement, du débiteur à ce moment constituait une garantie sur les dettes suivantes : (i) la dette donnée, (ii) une autre dette que le débiteur envers le créancier immédiatement avant ce moment, b) l’autre dette est subordonnée à la dette donnée relativement au bien en question; D : a) dans le cas où le montant déterminé d’une dette du débiteur envers une personne, sauf le créancier, immédiatement avant ce moment cesse, du fait que le créancier acquiert, par délaissement, des biens du débiteur à ce moment, d’être garanti par l’ensemble des biens qui appartenaient au débiteur immédiatement avant ce moment, le moins élevé des montants suivants : (i) l’excédent éventuel du total de ces montants déterminés sur la partie de ce total qui est incluse dans l’un des éléments B ou C du fait que le créancier acquiert, par délaissement, des biens du débiteur à ce moment, E is (b) the total of (v) the lesser of (B) the total of (iii) l’excédent éventuel du total des coûts indiqués, pour le débiteur, de l’ensemble des biens que le créancier acquiert, par délaissement, du débiteur à ce moment sur le total qui, n’eût été le présent élément et l’élément F, serait déterminé selon le présent paragraphe par suite du délaissement, b) dans les autres cas, zéro; E : a) lorsque le délaissement du bien donné a ce moment et dans les circonstances où l’alinéa 69(1)b) s’appliquerait n’eût été le présent paragraphe et que la juste valeur marchande de l’ensemble des biens que le créancier acquiert, par délaissement, du débiteur à ce moment excède le montant qui, n’eût été le présent élément et l’élément F, serait déterminé selon le présent paragraphe par suite du délaissement, cet excédent, b) dans les autres cas, zéro; F le total des montants représentant chacun le moins élevé des montants suivants : a) la partie d’un montant déterminé donné d’une dette qui peut être incluse dans le montant déterminé pour A, B, C ou D dans le calcul du produit de disposition du bien donné pour le débiteur, b) le total des montants suivants : (i) les montants inclus, en application de l’alinéa 6(1)a) ou du paragraphe 15(1), dans le calcul du revenu d’une personne du fait que la dette donnée a été réglée, ou est réputée réglée par le paragraphe 80.01(8), au plus tard à la fin de l’année d’imposition qui comprend ce moment, (ii) les montants auxquels le débiteur a renoncé en application des paragraphes 66(10), (10.1), (10.2) ou (10.3) relativement à la dette donnée, (iii) les montants représentant chacun un montant remis au sens du paragraphe 80(1), sur la dette à un moment antérieur au fait que la dette donnée était réputée réglée par le paragraphe 80.01(8), (iv) dans le cas où la dette donnée est une dette exclue, au sens du paragraphe 80(1), le montant déterminé donné, (v) le moins élevé des montants suivants : (A) les intérêts impayés courus sur la dette donnée à ce moment, (B) le total des montants suivants : Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
For the purposes of this section, (a) an individual shall be considered to have acquired a qualifying home if the individual acquired it jointly with one or more other persons; (a.1) an individual shall be considered to have an owner-occupied home at any time where, at that time, the individual owns, whether jointly with another person or otherwise, a housing unit or a share of the capital stock of a cooperative housing corporation and (i) the housing unit is inhabited by the individual as the individual’s principal place of residence at that time, or (ii) the share was acquired for the purpose of acquiring a right to possess a housing unit owned by the corporation and that unit is inhabited by the individual as the individual’s principal place of residence at that time; agrees to acquire a condominium unit, the individual shall be deemed to have acquired it on the day the individual is entitled to immediate vacant possession of it; (c) except for the purposes of subparagraph (g)(ii) of the definition regular eligible amount and subparagraph (f)(ii) of the definition supplemental eligible amount, an individual or a specified disabled person in respect of the individual is deemed to have acquired, before the completion date in respect of a designated withdrawal received by the individual, the qualifying home in respect of which the designated withdrawal was received if (i) neither the qualifying home nor a replacement property for it was acquired by the individual or the specified disabled person before that completion date, and (I) is obliged under the terms of a written agreement in effect on that completion date to acquire the qualifying home (or a replacement property for it) on or after that date, and (II) acquires the qualifying home or a replacement property for it before the day that is one year after that completion date, or (B) the individual or the specified disabled person made payments, the total of which equalled or exceeded the total of all designated withdrawals that were received by the individual in respect of the qualifying home, (I) to persons with whom the individual was dealing at arm’s length, (II) in respect of the construction of the qualifying home or a replacement property for it, and (III) in the period that begins at the time the individual first received a designated withdrawal in respect of the qualifying home and that ends before that completion date; and (d) an amount received by an individual in a particular calendar year is deemed to have been received by the individual at the end of the preceding calendar year and not at any other time if (i) the amount is received in January of the particular year (or at such later time as is acceptable to the Minister), (ii) the amount would not be an eligible amount if this section were read without reference to this paragraph, and (iii) the amount would be an eligible amount if the definition regular eligible amount in subsection (1) were read without reference to paragraph (i) of that definition and the definition supplemental eligible amount were read without reference to paragraph (h) of that definition. Marriage or common-law partnership (a) an individual, and a spouse or common-law partner of the individual, are deemed not to have an owner-occupied home in a period ending before a particular time referred to in that definition if (i) at the particular time, the individual (A) is living separate and apart from the individual's spouse or common-law partner because of a breakdown of their marriage or common-law partnership, (B) has been living separate and apart from the individual's spouse or common-law partner for a period of at least 90 days, and (C) began living separate and apart from the individual's spouse or common-law partner in the calendar year that includes the particular time or any time in the four preceding calendar years, (ii) in the absence of this subsection, the individual would not be precluded from having a regular eligible amount because of the application of paragraph (f) of that definition in respect of a spouse or common-law partner (other than the spouse or common-law partner referred to in clauses (i)(A) to (C)), and (iii) where the individual has an owner-occupied home at the particular time, (A) the home is not the qualifying home referred to in that definition and the individual disposes of the home no later than the end of the second calendar year after the calendar year that includes the particular time, or (B) the individual acquires the interest, or for civil law the right, of the spouse or common-law partner in the home; and (b) if an individual to whom paragraph (a) applies has an owner-occupied home at the particular time referred to in that paragraph and the individual acquires the interest, or for civil law the right, of a spouse or common-law partner in the home, the individual is deemed for the purposes of paragraphs (c) and (d) of that definition to have acquired a qualifying home on the date that the individual acquired the interest or the right.
(d) paragraph 20(1)(hh), applies, in any other case. Impôt sur le revenu
An individual may designate a single amount for a taxation year in a prescribed form filed with the individual’s return of income for the year if the amount does not exceed the lesser of (a) the total of all amounts (other than excluded premiums, repayments to which paragraph (b) or (d) of the definition excluded withdrawal in subsection (1) applies and amounts paid by the individual in the first 60 days of the year that can reasonably be considered to have been deducted in computing the individual’s income, or designated under this subsection, for the preceding taxation year) paid by the individual in the year or within 60 days after the end of the year under a retirement savings plan that is at the end of the year or the following taxation year a registered retirement savings plan under which the individual is the annuitant, and (b) the amount, if any, by which (i) the total of all eligible amounts received by the individual before the end of the year exceeds the total of (ii) all amounts designated by the individual under this subsection for preceding taxation years, and (iii) all amounts each of which is an amount included in computing the income of the individual under subsection 146.01(4) or 146.01(5) for a preceding taxation year. Portion of eligible amount not repaid
Subject to subsection (4.1), there shall be included in computing an individual’s income for a particular taxation year included in a particular participation period of the individual the amount determined by the formula (i) the individual died or ceased to be resident in Canada in the particular year, or (ii) the completion date in respect of an eligible amount received by the individual was in the particular year nil and (b) in any other case, the total of all eligible amounts received by the individual in preceding taxation years included in the particular period, (a) nil, if the completion date in respect of an eligible amount received by the individual was in the preceding taxation year, and (b) in any other case, the total of the total of all amounts each of which is designated under subsection (3) by the individual for a preceding taxation year included in the particular period; C is the total of all amounts each of which is included under this subsection or subsection (5) in computing the individual’s income for a preceding taxation year included in the particular period; D is the lesser of 14 and the number of taxation years of the individual ending in the period beginning (a) where the completion date in respect of an eligible amount received by the individual was before 1995, January 1, 1995, and (b) in any other case, January 1 of the first calendar year beginning after the completion date in respect of an eligible amount received by the individual and ending at the beginning of the particular year, and (a) if the completion date in respect of an eligible amount received by the individual was in the preceding taxation year, the total of all amounts each of which is designated under subsection (3) by the individual for the particular year or any preceding taxation year, and taxation year included in the particular period, and (b) in any other case, the amount designated under subsection (3) by the individual for the particular year. Temporary repayment relief — application (4.1) If the completion date in respect of an eligible amount received by an individual is after 2022 and before 2027 (a) subparagraphs (a)(i) and (ii) of the description of A in subsection (4) are to be read as follows: “(i) the individual died or ceased to be resident in Canada in the particular year, (ii) the completion date in respect of an eligible amount received by the individual was in the particular year, or (iii) subsection (4.2) applies to the particular year and to an eligible amount received by the individual”; (b) paragraph (a) of the description of B in subsection (4) is to be read as follows: “(a) nil, if the amount determined for A, after the application of paragraph (4.1)(a), was nil in the preceding taxation year, and”; (c) the reference to “first calendar year” in paragraph (b) of the description of D in subsection (4) is to be read as a reference to “fourth calendar year”; and “(a) if the preceding taxation year is the year that includes the completion date, or one of the three taxation years immediately following the year that includes the completion date, the total of all amounts each of which is designated under subsection (3) by the individual for the particular taxation year or any preceding taxation year included in the particular period, and”. (4.2) This subsection applies to a taxation year and to an eligible amount received by an individual if (a) the year is 2024 and the completion date in respect of the amount was in 2023; (b) the year is 2025 and the completion date in respect of the amount was in 2023 or 2024; (c) the year is 2026 and the completion date in respect of the amount was in 2023, 2024 or 2025; (d) the year is 2027 and the completion date in respect of the amount was in 2024, 2025 or 2026; (e) the year is 2028 and the completion date in respect of the amount was in 2025 or 2026; and (f) the year is 2029 and the completion date in respect of the amount was in 2026. Where individual becomes a non-resident
Where at any time in a taxation year an individual ceases to be resident in Canada, there shall be included in computing the income of the individual for the period in the year throughout which the individual was resident in Canada the amount, if any, by which (a) the total of all amounts each of which is an eligible amount received by the individual in the year or a preceding taxation year exceeds the total of (b) all amounts designated under subsection 146.01(3) by the individual in respect of amounts paid not later than 60 days after that time and before the individual files a return of income for the year, and (c) all amounts included under subsection (4) or this subsection in computing the individual’s income for preceding taxation years.
If an individual dies at any time in a taxation year, there shall be included in computing the individual’s income for the year the amount, if any, by which (a) the individual’s HBP balance immediately before that time (b) the amount designated under subsection (3) by the individual for the year.
(I) l’excédent éventuel du total des montants inclus par l’effet de l’article 80.4 dans le calcul du revenu du débiteur pour l’année d’imposition qui comprend ce moment ou pour une année d’imposition antérieure relativement aux intérêts sur la dette donnée, sur le total des montants payés avant ce moment au titre de ces intérêts, (II) la partie de ces intérêts impayés qui serait incluse, si elle était payée, dans le montant calculé selon l’alinéa 28(1)e) relativement au débiteur; G la juste valeur marchande du bien donné à ce moment; H la juste valeur marchande, à ce moment, de l’ensemble des biens que le créancier a acquis, par délaissement, du débiteur à ce moment. Paiement ultérieur par le débiteur
If a spouse or common-law partner of an individual was resident in Canada immediately before the individual’s death at a particular time in a taxation year and the spouse or common-law partner and the individual’s legal representatives jointly so elect in writing in the individual’s return of income for the year, (a) subsection (6) does not apply to the individual; (b) the spouse or common-law partner is deemed to have received a particular eligible amount at the particular time equal to the amount that, but for this subsection, would be determined under subsection (6) in respect of the individual; (c) for the purposes of subsection (4) and paragraph (d), the completion date in respect of the particular amount is deemed to be (i) if the spouse or common-law partner received an eligible amount before the death (other than an eligible amount received in a participation period of the spouse or common-law partner that ended before the beginning of the year), the completion date in respect of that amount, and (ii) in any other case, the completion date in respect of the last eligible amount received by the individual; and (d) for the purposes of subsection (4), the completion date in respect of each eligible amount received by the spouse or common-law partner, after the death and before the end of the spouse’s or common-law partner’s participation period that includes the time of the death, is deemed to be the completion date in respect of the particular amount.
Un montant payé à un moment donné par une personne au titre ou en paiement intégral ou partiel d’un montant déterminé d’une dette qui il est raisonnable de considérer comme inclus dans le montant calculé pour l’élément A, B, C ou D de la formule figurant au paragraphe (3) relativement à un bien qui a été délaissé par la personne avant ce moment est réputé constituer le remboursement d’un montant d’aide, à ce moment relativement au bien, auquel s’applique : a) le paragraphe 39(13), dans le cas où le bien était une immobilisation de la personne, autre qu’un bien amortissable, immédiatement avant son délaissement; b) l’alinéa 20(1)hh.1), dans le cas où le coût du bien pour la personne représentait une dépense en capital admissible au moment où elle l’a acquis; c) l’élément E de la formule figurant à la définition de frais cumulatifs d’exploration au Canada au paragraphe 66.1(6), l’élément D de la formule figurant à la définition de frais cumulatifs d’aménagement au Canada au paragraphe 66.2(5) ou l’élément D de la formule figurant à la définition de frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe 66.4(5), dans le cas où le coût du bien pour la personne représentait, selon le cas, des frais d’exploration au Canada, des frais d’aménagement au Canada ou des frais à l’égard de biens canadiens relatifs au pétrole et au gaz; d) l’alinéa 20(1)hh), dans les autres cas. Foreign exchange [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 79; 1994, c. 7, Sch. II, s. 57; 1995, c. 21, s. 28; 1998, c. 19, s. 109; 2001, c. 17, s. 209; 2016, c. 12, s. 22. Definitions
annuitant has the meaning assigned by subsection 146(1). (rentier) benefit has the meaning assigned by subsection 146(1). (prestation) eligible amount of an individual means a particular amount received at a particular time in a taxation year by the individual as a benefit out of or under a registered retirement savings plan if (a) the particular amount is received after 1998 pursuant to the individual’s written request in a prescribed form; (b) in respect of the particular amount, the individual designates in the form a person (in this definition referred to as the “designated person”) who is the individual or the individual’s spouse or common-law partner; (c) the total of the particular amount and all other eligible amounts received by the individual at or before the particular time and in the year does not exceed $10,000; (d) the total of the particular amount and all other eligible amounts received by the individual at or before the particular time (other than amounts received in participation periods of the individual that ended before the year) does not exceed $20,000; (e) the individual did not receive an eligible amount at or before the particular time in respect of which someone other than the designated person was designated (other than an amount received in a participation period of the individual that ended before the year); (f) the designated person (i) is enrolled at the particular time as a full-time student in a qualifying educational program, or (ii) has received written notification before the particular time that the designated person is absolutely or contingently entitled to enrol before March of the following year as a full-time student in a qualifying educational program; (g) the individual is resident in Canada throughout the period that begins at the particular time and ends immediately before the earlier of (i) the beginning of the following year, and (h) except where the individual dies after the particular time and before April of the following year, the designated person is enrolled as a full-time student in a qualifying educational program after the particular time and before March of the following year and (i) the designated person completes the program before April of the following year, (ii) the designated person does not withdraw from the program before April of the following year, or (iii) not less than 75% of the tuition fees are paid by the designated person in respect of the program before April of the following year. (iii) less than 75% of the tuition paid, after the beginning of the year and before April of the following year, in respect of the designated person and the program is refundable; and (i) if an eligible amount was received by the individual before the year, the particular time is neither (i) in the individual’s repayment period for the individual’s participation period that includes the particular time, nor (ii) after January (or a later month where the Minister so permits) of the fifth calendar year of that participation period. (amount admissible) excluded premium of an individual means a premium that (a) was designated by the individual for the purpose of paragraph 60(j), (j.1) or (l) or subsection 146.01(3); (b) was a repayment to which paragraph (b) or (d) of the definition excluded withdrawal in subsection 146.01(1) applies; (c) was an amount transferred directly from a FHSA, registered retirement savings plan, registered pension plan, registered retirement income fund or deferred profit sharing plan; or (d) was deductible under subsection 146(6.1) in computing the individual’s income for any taxation year. (prime exclue) excluded withdrawal of an individual means (a) an eligible amount received by the individual; or (b) a particular amount (other than an eligible amount) received while the individual was resident in Canada and in a calendar year if (i) the particular amount would be an eligible amount of the individual if the definition eligible amount were read without reference to paragraphs (g) and (h) of that definition, (ii) a payment (other than an excluded premium) equal to the particular amount is paid by the individual under a retirement savings plan that is, at the end of the taxation year of payment, a registered retirement savings plan under which the individual is the annuitant, (iii) the payment is made before the particular time that is, (A) if the individual was not resident in Canada at the time the individual filed a return of income for the taxation year in which the particular amount was received, the earlier of (I) the end of the following calendar year, and (II) the time at which the individual filed the return, and (B) in any other case, the end of the following calendar year, and (iv) the payment (and no other payment) is designated under this subparagraph as a repayment of the particular amount in prescribed form filed with the Minister on or before the particular time (or before such later time as is acceptable to the Minister). (retrait exclu) full-time student in a taxation year includes an individual to whom subsection 118.6(3) applies for the purpose of computing tax payable under this Part for the year or the following taxation year. (étudiant à temps plein) LLP balance of an individual at any time means the amount, if any, by which the total of all eligible amounts received by the individual at or before that time exceeds the total of (a) all amounts designated under subsection (3) by the individual for taxation years that ended before that time, and (b) all amounts each of which is included under subsection (4) or (5) in computing the individual’s income for a taxation year that ended before that time. (solde REEP) (a) that begins at the beginning of a calendar year (i) in which the individual receives an eligible amount, and (ii) at the beginning of which the individual’s LLP balance is nil; and (b) that ends immediately before the beginning of the first subsequent calendar year at the beginning of which the individual’s LLP balance is nil. (période de participation) premium has the meaning assigned by subsection 146(1). (prime) qualifying educational program means a program at a designated educational institution, as defined in subsection 118.6(1), of not less than three consecutive months duration that requires that each student taking the program spend not less than ten hours per week on courses or work in the program and that is (a) of a technical or vocational nature designed to furnish a person with skills for, or improve a person’s skills in, an occupation, if the program is at an institution described in subparagraph (a)(ii) of that definition; and (b) at a post-secondary school level, in any other case. repayment period of an individual for a participation period of the individual in respect of a person designated under paragraph (b) of the definition eligible amount means the period, if any, within the participation period (a) that begins (i) at the beginning of the third calendar year within the participation period if, in each of the second and third calendar years within the participation period, (A) for calendar years before 2017, the person would not be entitled to claim an amount under subsection 118.6(2) (as it read in the year) in respect of at least three months in the year, if that subsection were read without reference to paragraph (b) of the description of B in that subsection, and (B) for calendar years after 2016, the person would not be a qualifying student (as defined in subsection 118.6(1)) in respect of at least three months in the year, if that definition were read without reference to its subparagraph (a)(ii), (ii) at the beginning of the fourth calendar year within the participation period if, in each of the third and fourth calendar years within the participation period, (A) for calendar years before 2017, the person would not be entitled to claim an amount under subsection 118.6(2) (as it read in the year) in respect of at least three months in the year, if that subsection were read without reference to paragraph (b) of the description of B in that subsection, and (B) for calendar years after 2016, the person would not be a qualifying student (as defined in subsection 118.6(1)) in respect of at least three months in the year, if that definition were read without reference to its subparagraph (a)(ii), (iii) at the beginning of the fifth calendar year within the participation period if, in each of the fourth and fifth calendar years within the participation period, (A) for calendar years before 2017, the person would not be entitled to claim an amount under subsection 118.6(2) (as it read in the year) in respect of at least three months in the year, if that subsection were read without reference to paragraph (b) of the description of B in that subsection, and (B) for calendar years after 2016, the person would not be a qualifying student (as defined in subsection 118.6(1)) in respect of at least three months in the year, if that definition were read without reference to its subparagraph (a)(ii), and (iv) in any other case, at the beginning of the sixth calendar year within the participation period; and (b) that ends at the end of the participation period. Rule of application
specified amount has the meaning assigned by subsection 79(1); (montant déterminé) specified cost to a person of a debt owing to the person means Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
For the purpose of the definition eligible amount in subsection (1), a particular person is deemed to be the only person in respect of whom a particular amount was designated under paragraph (b) of that definition if (a) an individual received the particular amount; (b) the individual files a prescribed form with the Minister in which the particular person is specified in connection with the receipt of the particular amount; (c) the particular amount would be an eligible amount of the individual if (i) that definition were read without reference to paragraphs (b) and (e) of that definition, and (ii) each reference in the portion of that definition after paragraph (d) to “designated person” were read as “individual” or “individual’s spouse or common-law partner”; and
exceeds Seizure of property Exception Creditor’s capital gains reserves Impôt sur le revenu
An individual may designate a single amount for a taxation year in prescribed form filed with the individual’s return of income for the year if the amount does not exceed the lesser of (a) the total of all amounts (other than excluded premiums, repayments to which paragraph (b) of the definition excluded withdrawal in subsection (1) applies and amounts paid by the individual in the first 60 days of the year that can reasonably be considered to have been deducted in computing the individual’s income, or designated under this subsection, for the preceding taxation year) paid by the individual in the year or within 60 days after the end of the year under a retirement savings plan that is an end of the year or the following taxation year registered retirement savings plan under which the individual is the annuitant, and (b) the individual’s LLP balance at the end of the year. If portion of eligible amount not repaid
There shall be included in computing an individual’s income for a particular taxation year that begins after 2000 the amount determined by the formula (i) the individual died or ceased to be resident in Canada in the particular year, or (ii) the beginning of the particular year is not included in a repayment period of the individual, and (b) in any other case, the total of all eligible amounts received by the individual in preceding taxation years (other than taxation years in participation periods of the individual that ended before the particular year); (a) nil, if the particular year is the first taxation year in a repayment period of the individual, and (b) in any other case, the total of all amounts designated under subsection (3) by the individual for preceding taxation years (other than taxation years in participation periods of the individual that ended before the particular year); C is the total of all amounts each of which is included under this subsection or subsection (5) in computing the individual's income for a preceding taxation year (other than a taxation year included in a participation period of the individual that ended before the particular year); D is the lesser of nine and the number of taxation years of the individual that end in the period that (a) begins at the beginning of the individual's last repayment period that began at or before the beginning of the particular year, and (b) ends at the beginning of the particular year; and (a) if the particular year is the first taxation year within a repayment period of the individual, the total of the amount designated under subsection (3) by the individual for the particular year and all amounts so designated for preceding taxation years (other than taxation years in participation periods of the individual that ended before the particular year), and (b) in any other case, the amount designated under subsection (3) by the individual for the particular year. Ceasing residence in Canada
If at any time in a taxation year an individual ceases to be resident in Canada, there shall be included in computing the individual's income for the period in the year during which the individual was resident in Canada the amount, if any, by which (a) the total of all amounts each of which is an eligible amount received by the individual in the year or a preceding taxation year exceeds the total of (b) all amounts designated under subsection (3) by the individual in respect of amounts paid not later than 60 days after that time and before the individual files a return of income for the year, and (c) all amounts included under subsection (4) or this subsection in computing the individual's income for preceding taxation years.
If an individual dies at any time in a taxation year, there shall be included in computing the individual’s income for the year the amount, if any, by which (a) the individual’s LLP balance immediately before that time (b) the amount designated under subsection (3) by the individual for the year.
a) que la propriété effective du bien est acquise ou recouvrée, au moment de la saisie, par la personne; b) l’acquisition ou la nouvelle acquisition faite suit au défaut d’une autre personne de lui payer tout ou partie du montant déterminé de la dette. Exception (2.1) Pour l’application du présent article, un avoir minier étranger est réputé ne pas être saisi: a) d’un particulier ou d’une société s’ils sont des non-résidents au moment de la saisie; b) d’une société de personnes, sauf celle dont chacun des associés réside au Canada à ce moment. Provision pour gains en capital du créancier
If a spouse or common-law partner of an individual was resident in Canada immediately before the individual’s death at a particular time in a taxation year and the spouse or common-law partner and the individual’s legal representatives jointly so elect in writing in the individual’s return of income for the year, (a) subsection (6) does not apply to the individual; (b) the spouse or common-law partner is deemed to have received a particular eligible amount at the particular time equal to the amount that, but for this subsection, would be determined under subsection (6) in respect of the individual; (c) subject to paragraph (d), for the purpose of applying this section after the particular time, the spouse or common-law partner is deemed to be the person designated under paragraph (b) of the definition eligible amount in subsection (1) in respect of the particular amount; and (d) where the spouse or common-law partner received an eligible amount before the particular time in the spouse’s or common-law partner’s participation period that included the particular time and the particular individual designated under paragraph (b) of the definition eligible amount in subsection (1) in respect of that eligible amount was not the spouse or common-law partner, for the purpose of applying this section after the particular time the particular individual is deemed to be the person designated under that paragraph in respect of the particular amount. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] accumulated income payment under an education savings plan means any amount paid out of the plan, other than a payment described in any of paragraphs (a) and (c) to (e) of the definition trust, to the extent that the amount so paid exceeds the fair market value of any consideration given to the plan for the payment of the amount; (paiement de revenu accumulé) beneficiary, in respect of an education savings plan, means a person, designated by a subscriber, to whom or on whose behalf an educational assistance payment under the plan is agreed to be paid if the person qualifies under the plan; (bénéficiaire) contribution to an education savings plan does not include an amount paid into the plan under or because of (a) the Canada Education Savings Act or a designated provincial program, or (b) any other program that has a similar purpose to a designated provincial program and that is funded, directly or indirectly, by a province (other than an amount paid into the plan by a public primary caregiver in its capacity as subscriber under the plan); (cotisation) designated provincial program means (a) a program administered pursuant to an agreement entered into under section 12 of the Canada Education Savings Act, or educational assistance payment means any amount, other than a refund of payments, paid out of an education savings plan to or for an individual to assist the individual to further the individual’s education at a post-secondary school level; (paiement d’aide aux études) education savings plan means an arrangement entered into between (a) any of the following, namely, (i) an individual (other than a trust), (ii) an individual (other than a trust) and the spouse or common-law partner of the individual, (iv) an individual (other than a trust), who is a legal parent of a beneficiary, and the individual's former spouse or common-law partner, who is also the legal parent of a beneficiary, and (b) a person (in this definition referred to as the "promoter") under which the promoter agrees to pay or to cause to be paid educational assistance payments to or for one or more beneficiaries; (régime d'épargne-études) post-secondary educational institution means (a) an educational institution in Canada that is described in paragraph (a) of the definition designated educational institution in subsection 118.6(1), or (b) an educational institution outside Canada that provides courses at a post-secondary school level and that is (i) a university, college or other educational institution at which a beneficiary was enrolled in a course of not less than 13 consecutive weeks, or (ii) a university at which a beneficiary was enrolled on a full-time basis in a course of not less than three consecutive weeks; (établissement d'enseignement postsecondaire) post-secondary school level includes a program of courses, at an institution described in subparagraph (a)(ii) of the definition designated educational institution in subsection 118.6(1), of a technical or vocational nature designed to furnish a person with skills for, or to improve a person's skills in, an occupation; (niveau postsecondaire) promoter, of an arrangement, means the person described as the promoter in the definition education savings plan; (promoteur) public primary caregiver, of a beneficiary under an education savings plan in respect of whom a special allowance is payable under the Children's Special Allowances Act, means the department, agency or institution that maintains the beneficiary or the public trustee or public curator of the province in which the beneficiary resides; (responsable public) qualified investment for a trust governed by a registered education savings plan means (a) an investment that would be described by any of paragraphs (a) to (d), (f) and (g) of the definition qualified investment in section 204 if the reference in that definition to “a trust governed by a deferred profit sharing plan or revoked plan” were read as a reference to “a trust governed by a registered education savings plan” and if that definition were read without reference to the words “with the exception of excluded property in relation to the trust”, (c) a contract for an annuity issued by a licensed annuities provider where (i) the trust is the only person who, disregarding any subsequent transfer of the contract by the trust, is or may become entitled to any annuity payments under the contract, and (ii) the holder of the contract has a right to surrender the contract at any time for an amount that would, if reasonable sales and administration charges were ignored, approximate the value of funds that could otherwise be applied to fund future periodic payments under the contract, (d) an investment that was acquired by the trust before October 28, 1998, and qualifying educational program means a program at a post-secondary school level of not less than three consecutive weeks duration that requires that each student taking the program spend not less than ten hours per week on courses or work in the program; (programme de formation admissible) refund of payments at any time under a particular registered education savings plan means (a) a refund at that time of a contribution that had been made at a previous time, if the contribution was made (i) otherwise than by way of a transfer from another registered education savings plan, and (ii) into the particular plan by or on behalf of a subscriber under the particular plan, or (b) a refund at that time of an amount that was paid at a previous time into the particular plan by way of a transfer from another registered education savings plan, where the amount would have been a refund of payments under the other plan if it had been paid at the previous time directly to a subscriber under the other plan; (remboursement de paiements) registered education savings plan or RESP means (a) an education savings plan registered for the purposes of this Act, or (b) a registered education savings plan as it is amended from time to time but, except for the purposes of subsections 146.1(7) and 146.1(7.1) and Part X.4, a plan ceases to be a registered education savings plan immediately after the day on which its registration is revoked under subsection 146.1(13); (régime enregistré d’épargne-études) specified educational program means a program at a post-secondary school level of not less than three consecutive weeks duration that requires each student taking the program to spend not less than 12 hours per month on courses in the program; (programme de formation déterminé) (a) that does not allow more than one beneficiary under the plan at any one time, (b) under which the beneficiary is an individual in respect of whom paragraphs 118.3(1)(a) to (b) apply for the beneficiary’s taxation year that ends in the 31st year following the year in which the plan was entered into, and (c) that provides that, at all times after the end of the 35th year following the year in which the plan was entered into, no other individual may be designated as a beneficiary under the plan; (régime déterminé) subscriber under an education savings plan at any time means (a) each individual or the public primary caregiver with whom the promoter of the plan enters into the plan, (a.1) another individual or another public primary caregiver who has before that time, under a written agreement, acquired a public primary caregiver’s rights as a subscriber under the plan, (b) an individual who has before that time acquired a subscriber’s rights under the plan pursuant to a decree, order or judgment of a competent tribunal, or under a written agreement, relating to a division of property between the individual and a subscriber under the plan in settlement of rights arising out of, or on the breakdown of, their marriage or common-law partnership, or (c) after the death of an individual described in any of paragraphs (a) to (b), any other person (including the estate of the deceased individual) who acquires the individual’s rights as a subscriber under the plan or who makes contributions into the plan in respect of a beneficiary but does not include an individual or a public primary caregiver whose rights as a subscriber under the plan had, before that time, been acquired by an individual or public primary caregiver in the circumstances described in paragraph (a.1) or (b). (subscriber) trust, except in this definition and the definition education savings plan, means any person who irrevocably holds property under an education savings plan for any of, or any combination of, the following purposes: (a) the payment of educational assistance payments, (b) the payment after 1997 of accumulated income payments, (c) the refund of payments, (c.1) the repayment of amounts (and the payment of amounts related to that repayment) under the Canada Education Savings Act or under a designated provincial program, (e) the payment to a trust that irrevocably holds property pursuant to a registered education savings plan for any of the purposes set out in paragraphs (a) to (d). (fiducie) (1.1) A subscriber under an RESP that allows accumulated income payments and a holder of an RDSP may jointly elect in prescribed form to have subsection (1.2) apply in respect of a beneficiary under the RESP if, at the time the election is made, the beneficiary is also the beneficiary under the RDSP and (a) the beneficiary has a severe and prolonged mental impairment that prevents, or can reasonably be expected to prevent, the beneficiary from enrolling in a qualifying educational program at a post-secondary educational institution; or (b) the RESP meets the conditions described in clause (2)(d.1)(iii)(A) or (B) to make an accumulated income payment. Effect of election (1.2) If an election is made under subsection (1.1) and is filed by the promoter of the RESP with the Minister without delay, then notwithstanding paragraph (2)(d.1) and any terms of the RESP required by that paragraph, an accumulated income payment under the RESP may be made to the RDSP. Conditions for registration
Dans le cas où un créancier saisit un bien au cours d’une année d’imposition donnée relativement à une dette, le montant dont il demande la déduction en application des sous-alinéas 40(1)a)(iii) ou 44(1)e)(iii) dans le calcul de son gain pour l’année d’imposition précédente tiré d’une disposition du bien effectuée avant l’année donnée est réputé, aux fins du calcul de son revenu pour l’année donnée, correspondre à l’excédent éventuel du montant ainsi demandé sur le total des montants représentant chacun un montant calculé selon les alinéas (6)a) ou b) relativement à la saisie. Cost of seized properties for creditor exceeds (ii) to be equal to Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION H Rules Relating to Computation of Income Sections 79.1-80 exceeds (B) the specified cost to the creditor of the particular debt; and [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1995, c. 21, s. 26; 1998, c. 19, s. 110; 2001, c. 17, s. 57; 2012, c. 34, s. 117. Definitions 80 (1) In this section, Impôt sur le revenu
The Minister shall not accept for registration for the purposes of this Act any education savings plan of a promoter unless, in the Minister’s opinion, the following conditions are complied with: (a) the plan provides that the property of any trust governed by the plan (after the payment of trustee and administration charges) is irrevocably held for any of the purposes described in the definition trust in subsection 146.1(1) by a corporation licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada the business of offering to the public its services as a trustee; (b) at the time of the application by the promoter for registration of the plan, there are not fewer than 150 plans entered into with the promoter each of which complied, at the time it was entered into, with all the other conditions set out in this subsection, as it read at that time; (b.1) application for registration of the plan is made by the promoter in prescribed form containing prescribed information; (c) the promoter and all trusts governed by the plan are resident in Canada; (d) the plan does not allow for any payment before 1998 to a subscriber, other than a refund of payments, unless the subscriber is also the beneficiary under the plan; (d.1) subject to subsection (2.2), if the plan allows accumulated income payments, the plan provides that an accumulated income payment is permitted to be made only if (i) the payment is made to, or on behalf of, a subscriber under the plan who is resident in Canada when the payment is made, (ii) the payment is not made jointly to, or on behalf of, more than one subscriber, and (A) the payment is made after the 9th year that follows the year in which the plan was entered into and each individual (other than a deceased individual) who is or was a beneficiary under the plan has attained 21 years of age before the payment is made and is not, when the payment is made, eligible under the plan to receive an educational assistance payment, (B) the payment is made in the year in which the plan is required to be terminated in accordance with paragraph (i), or (C) each individual who was a beneficiary under the plan is deceased when the payment is made; (e) the plan is substantially similar to the type of plan described in or annexed to a prospectus filed by the promoter with a securities commission in Canada or a body performing a similar function in a province; (f) in the event that a trust governed by the plan is terminated, the property held by the trust is required to be used for any of the purposes described in the definition trust in subsection 146.1(1); (g) the plan does not allow for the payment of educational assistance payments before 1997 to an individual unless the individual is, at the time the payment is made, a student in full-time attendance at a post-secondary educational institution and enrolled in a qualifying educational program at the institution; (g.1) the plan does not allow for the payment of an educational assistance payment to or for an individual at any time after 1996 unless (A) the individual is, at that time, enrolled as a student in a qualifying educational program at a post-secondary educational institution, or (B) the individual has, before that time, attained the age of 16 years and is, at that time, enrolled as a student in a specified educational program at a post-secondary educational institution, and (A) the individual satisfies, at that time, the condition set out in clause (i)(A), and (I) has satisfied that condition throughout at least 13 consecutive weeks in the 12-month period that ends at that time, or (II) the total of the payment and all other educational assistance payments made under a registered education savings plan of the promoter to or for the individual in the 12-month period that ends at that time does not exceed $8,000 or any greater amount that the Minister designated for the purpose of the Canada Education Savings Act approves in writing with respect to the individual, or (B) the individual satisfies, at that time, the condition set out in clause (i)(B) and the total of the payment and all other educational assistance payments made under a registered education savings plan of the promoter to or for the individual in the 13-week period that ends at that time does not exceed $4,000 or any greater amount that the Minister designated for the purpose of the Canada Education Savings Act approves in writing with respect to the individual; (g.2) the plan does not allow for any contribution into the plan, other than a contribution made by or on behalf of a subscriber under the plan in respect of a beneficiary under the plan or a contribution made by way of transfer from another registered education savings plan; (g.3) the plan provides that an individual is permitted to be designated as a beneficiary under the plan, and that a contribution to the plan in respect of an individual who is a beneficiary under the plan is permitted to be made, only if (i) in the case of a designation, the individual’s Social Insurance Number is provided to the promoter before the designation is made and either (A) the individual is resident in Canada when the designation is made, or (B) the designation is made in conjunction with a transfer of property into the plan from another registered education savings plan under which the individual was a beneficiary immediately before the transfer, and (ii) in the case of a contribution, either (A) the individual’s Social Insurance Number is provided to the promoter before the contribution is made and the individual is resident in Canada when the contribution is made, or (B) the contribution is made by way of transfer from another registered education savings plan under which the individual was a beneficiary immediately before the transfer; (h) the plan provides that no contribution (other than a contribution made by way of a transfer from another registered education savings plan) may be made into the plan after (i) in the case of a specified plan, the 35th year following the year in which the plan was entered into, and (ii) in any other case, the 31st year following the year in which the plan was entered into; (i) the plan provides that it must be terminated on or before the last day of (i) in the case of a specified plan, the 40th year following the year in which the plan was entered into, and (ii) in any other case, the 35th year following the year in which the plan was entered into; (i.1) if the plan allows accumulated income payments, the plan provides that it must be terminated before March of the year following the year in which the first such payment is made out of the plan; (i.2) the plan does not allow for the receipt of property by way of direct transfer from another registered education savings plan after the other plan has made any accumulated income payment; (j) if the plan allows more than one beneficiary under the plan at any one time, the plan provides (i) that each of the beneficiaries under the plan is required to be connected to each living subscriber under the plan, or to have been connected to a deceased original subscriber under the plan, by blood relationship or adoption, (ii) that a contribution into the plan in respect of a beneficiary is permitted to be made only if (A) the beneficiary had not attained 31 years of age before the time of the contribution, or (B) the contribution is made by way of transfer from another registered education savings plan that allows more than one beneficiary at any one time, and (iii) that an individual is permitted to become a beneficiary under the plan at any particular time only if (A) the individual had not attained 21 years of age before the particular time, or (B) the individual was, immediately before the particular time, a beneficiary under another registered education savings plan that allows more than one beneficiary at any one time; (l) the plan provides that the promoter shall, within 90 days after an individual becomes a beneficiary under the plan, notify the individual (or, where the individual is under 19 years of age at that time and either ordinarily resides with a parent of the individual or is maintained by a public primary caregiver of the individual, that parent or public primary caregiver) in writing of the existence of the plan and the name and address of the subscriber in respect of the plan; (m) the Minister has no reasonable basis to believe that the promoter will not take all reasonable measures to ensure that the plan will continue to comply with the conditions set out in paragraphs 146.1(2)(a), 146.1(2)(c) to 146.1(2)(d.1) and 146.1(2)(f) to 146.1(2)(l) for its registration for the purposes of this Act; and (n) the Minister has no reasonable basis to believe that the plan will become revocable. RESP is revocable (2.1) For the purposes of paragraphs (2)(n) and (12.1)(d), a registered education savings plan is revocable at any time after October 27, 1998 at which (c) a trust governed by the plan begins carrying on a business; or (i) the money is borrowed for a term not exceeding 90 days, (ii) the money is not borrowed as part of a series of loans or other transactions and repayments, and (iii) none of the property of the trust is used as security for the borrowed money. Waiver of conditions for accumulated income payments (2.2) The Minister may, on written application of the promoter of a registered education savings plan, waive the application of the conditions in clause (2)(d.1)(iii)(A) in respect of the plan where a beneficiary under the plan suffers from a severe and prolonged mental impairment that prevents, or can reasonably be expected to prevent, the beneficiary from enrolling in a qualifying educational program at a post-secondary educational institution. Extension for making educational assistance payments (2.21) Notwithstanding paragraph (2)(g.1), an education savings plan may allow for the payment of an educational assistance payment to or for an individual at any time in the six-month period immediately following the particular time at which the individual ceases to be enrolled as a student in a qualifying educational program or a specified educational program, as the case may be, if the payment would have complied with the requirements of paragraph (2)(g.1) had the payment been made immediately before the particular time. (2.22) An educational assistance payment that is made at any time in accordance with subsection (2.21) but not in accordance with paragraph (2)(g.1) is deemed, for the purposes of applying that paragraph at and after that time, to have been made immediately before the particular time referred to in subsection (2.21). Social Insurance Number not required (2.3) Notwithstanding paragraph (2)(g.3), an education savings plan may provide that an individual’s Social Insurance Number need not be provided in respect of (a) a contribution to the plan, if the plan was entered into before 1999; and (b) a designation of a non-resident individual as a beneficiary under the plan, if the individual was not assigned a Social Insurance Number before the designation is made. Deemed registration
Where in any year an education savings plan cannot be accepted for registration solely because the condition set out in paragraph 146.1(2)(b) has not been complied with, if the plan is subsequently registered, it shall be deemed to have been registered on the first day of January of (a) the year in which all of the conditions set out in subsection 146.1(2) (except in paragraph 146.1(2)(b)) were complied with, or (b) the year preceding the year in which the plan was subsequently registered, whichever is the later. Registration of plans without prospectus
Notwithstanding paragraph 146.1(2)(e), where a promoter has not filed a prospectus in respect of an education savings plan referred to in that paragraph, the Minister may register the plan if the promoter is not otherwise required by the laws of Canada or a province to file such a prospectus with a securities commission in Canada or a body performing a similar function in a province and the plan complies with the other conditions set out in subsection 146.1(2). Obligation to file amendment (4.1) When a registered education savings plan is amended, the promoter shall file the text of the amendment with the Minister not later than 60 days after the day on which the plan is amended. Trust not taxable
No tax is payable under this Part by a trust that is governed by a RESP on its taxable income for a taxation year, except that, if at any time in the taxation year, it holds one or more properties that are not qualified investments for the trust, tax is payable under this Part by the trust on the amount that would be its taxable income for the taxation year if it had no income or losses from sources other than those properties, and no capital gains or capital losses other than from dispositions of those properties, and for that purpose, (a) income includes dividends described in section 83; (b) the trust’s taxable capital gain or allowable capital loss from the disposition of a property is equal to its capital gain or capital loss, as the case may be, from the disposition; and Subscriber not taxable
d) dans le cas où aucune partie de la dette — qui n’est pas une immobilisation — n’est impayée immédiatement après la saisie, le créancier peut déduire à titre de créance irrécouvrable dans le calcul de son revenu pour l’année l’excédent visé au sous-alinéa c)(ii) relativement à la saisie. Demandes pour créances
No tax is payable by a subscriber on the income of a trust for a taxation year after 1971 throughout which the trust was governed by a registered education savings plan. Transfers between plans (6.1) Where property irrevocably held by a trust governed by a registered education savings plan (in this subsection referred to as the “transferor plan”) is transferred to a trust governed by another registered education savings plan (in this subsection referred to as the “transferee plan”), (b) for the purposes of this paragraph, the definition specified plan in subsection (1) and paragraphs (2)(d.1), (h) and (i), the transferee plan is deemed to have been entered into on the day that is the earlier of (i) the day on which the transferee plan was entered into, and (ii) the day on which the transferor plan was entered into; and (c) notwithstanding subsections 146.1(7) and 146.1(7.1), no amount shall be included in computing the income of any person because of the transfer. Educational assistance payments
Dans le cas où un créancier saisit un bien au cours d’une année d’imposition relativement à une dette, aucun montant relatif à la dette n’est, selon le cas : a) déductible dans le calcul du revenu du créancier pour l’année ou pour une année d’imposition postérieure à titre de créance irrécouvrable ou douteuse; b) inclus après la saisie dans le calcul, pour l’application de la présente loi, d’un solde de dépenses ou autres montants non déduits par le créancier à titre de créances irrécouvrables ou douteuses. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent codifié; voir les lois et règlements modificatifs applicables.] 1995, ch. 21, art. 26; 1998, ch. 19, art. 110; 2001, ch. 17, art. 57; 2012, ch. 34, art. 117. Définitions 80 (1) Les définitions qui suivent s’appliquent au présent article. action privilégiée de renflouement À un moment donné, action émise par une société après le 21 février 1994 (sauf une action émise en conformité avec une convention écrite conclue à un moment donné et qui est visée à l’alinéa e) de la définition de action privilégiée à terme au paragraphe 248(1) et qui serait une action privilégiée à terme au moment donné, compte tenu des alinéas e) et f) de cette définition. (distress preferred share) bien exclu Bien d’un débiteur non-résident qui est un bien protégé par traité ou qui n’est pas un bien canadien imposable. (excluded property) compte de société remplaçante S’agissant du compte de société remplaçante, au moment donné, relativement à une dette commerciale et à un montant calculé à l’égard d’un débiteur, la partie de ce montant qui serait déductible en application des paragraphes 76.2(2), 83.1(2). (dette commerciale) (d) a trust, other than a trust in which no non-resident person and no person described in paragraph (a), (b) or (c) is beneficially interested; (société de personnes canadienne admissible)
There shall be included in computing an individual’s income for a taxation year the total of all educational assistance payments paid out of registered education savings plans to or for the individual in the year that exceeds the total of all excluded amounts in respect of those plans and the individual for the year. Other income inclusions (7.1) There shall be included in computing a taxpayer’s income for a taxation year (a) each accumulated income payment (other than an accumulated income payment made under subsection (1.2)) received in the year by the taxpayer under a registered education savings plan that exceeds the total of all excluded amounts in respect of those plans and the individual for the year; and (b) each amount received in the year by the taxpayer in full or partial satisfaction of a subscriber’s interest under a registered education savings plan (other than any excluded amount in respect of the plan). Excluded amount (7.2) An excluded amount in respect of a registered education savings plan is, (a) for the purposes of subsection (7) and paragraph (7.1)(a), an amount in respect of which a subscriber pays a tax under section 207.05 in respect of the plan, or another plan for which the plan was substituted by the subscriber, that (i) has not been waived, cancelled or refunded, and (ii) has not reduced any other amount that would otherwise be included under subsections (7) or (7.1) in computing an individual’s income for the year or a preceding year; and (b) for the purposes of paragraph (7.1)(b), (i) any amount received under the plan, (ii) any amount received in satisfaction of a right to a refund of payments under the plan, or (iii) any amount received by a taxpayer under a decree, order or judgment of a competent tribunal, or under a written agreement, relating to a division of property between the taxpayer and the taxpayer’s spouse or common-law partner or former spouse or former common-law partner in settlement of rights arising out of, or on the breakdown of, their marriage or common-law partnership.
, (4) ou (5) dans le calcul du revenu du débiteur pour l’année d’imposition qui comprend ce moment si, à la fois : a) les revenus du débiteur provenant de toutes sources étaient suffisants; b) le montant ainsi calculé n’était pas réduit par l’effet du paragraphe (8) à ce moment; c) l’année s’était terminée immédiatement après ce moment; d) il n’était pas tenu compte des mentions « 30 % de », « 30 % de », et « 10 % de » aux alinéas 66.7(2.3)a), (4)a) et (5)a), respectivement. Toutefois le compte de société remplaçante ne comprend relativement à la dette visée nul résultat net, sauf si, selon le cas : a) la dette a été émise par le débiteur avant l’événement visé à l’alinéa (8)a) qui donne lieu à la déductibilité de tout ou partie de ce montant en application des paragraphes 66.7(2), (2.3), (3), (4) ou (5) dans le calcul du revenu, ou b) la dette a été émise par le débiteur en exécution d’une telle obligation. f) la totalité, ou presque, du produit de l’émission de la dette a servi à régler le principal d’une autre dette à laquelle l’alinéa e) ou le présent alinéa s’appliquerait si cette autre dette était toujours impayée. créance commerciale Créance émise par un débiteur et sur laquelle un montant au titre d’intérêts est déductible dans le calcul du revenu, du revenu imposable ou du revenu imposable gagné au Canada du débiteur compte non tenu de l’alinéa 18(1)g), des paragraphes 18(2), (3.1), (4) et 18.2(2) de l’article 21, si ces intérêts : a) soit ont été payés ou étaient payables par le débiteur en exécution d’une obligation légale; b) soit avaient été payés ou payables par le débiteur en exécution d’une telle obligation. Il est entendu que la créance commerciale constitue une obligation pour l’application de la définition de principal au paragraphe 248(1). (commercial debt obligation) débiteur Sont assimilées à des débiteurs les sociétés émettrices d’actions privilégiées de renflouement et les sociétés de personnes. (debtor) dette commerciale Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
Subject to subsection 146.1(3), an education savings plan that is registered (a) before 1976 shall be deemed to have been registered since the later of (i) January 1, 1972, and (ii) the first day of January of the year in which the plan was created; and (b) after 1975 shall be deemed to have been registered on the first day of January in the year of registration. (12.1) When a particular day is (a) a day on which a registered education savings plan ceases to comply with the conditions of subsection 146.1(2) for the plan’s registration, (b) a day on which a registered education savings plan ceases to comply with any provision of the plan, (c) the last day of a month in respect of which tax is payable under Part X.4 by an individual because of contributions made, or deemed for the purpose of Part X.4 to have been made, by or on behalf of the individual into a registered education savings plan, (e) a day on which a person fails to comply with a condition or an obligation, imposed under the Canada Education Savings Act or under a program administered pursuant to an agreement entered into under section 12 of that Act, that applies with respect to a registered education savings plan, the Minister may send written notice (referred to in this subsection and subsection 146.1(12.2) as a “notice of intent”) to the promoter of the plan that the Minister proposes to revoke the registration of the plan as of the day specified in the notice of intent, which day shall not be earlier than the particular day. Notice of revocation (12.2) When the Minister sends a notice of intent to revoke the registration of a registered education savings plan to the promoter of the plan, the Minister may, after 30 days after the receipt by the promoter of the notice, send written notice (referred to in this subsection and subsection 146.1(13) as a "notice of revocation") to the promoter that the registration of the plan is revoked as of the day specified in the notice of revocation, which day shall not be earlier than the day specified in the notice of intent.
A - B where Impôt sur le revenu
When the Minister sends a notice of revocation of the registration of a registered education savings plan under subsection 146.1(12.2) to the promoter of the plan, the registration of the plan is revoked as of the day specified in the notice of revocation, unless the Federal Court of Appeal or a judge thereof, on application made at any time before the determination of an appeal under subsection 172(3), orders otherwise. (13.1) Every trustee under a registered education savings plan shall, in prescribed form and manner, file with the Minister information returns in respect of the plan. Former Act (a) in this section, in paragraph 60(x) or in subparagraph 241(4)(d)(vii.1) to the Canada Education Savings Act, to an amount paid, to the payment of an amount or to the repayment of an amount, or to a condition or an obligation imposed, under that Act includes a reference to Part III.1 of the Department of Human Resources Development Act, or to an amount paid, to the payment of an amount or to the repayment of an amount, or to a condition or an obligation imposed, as the case may be, under that Part as it read at the time the reference is relevant; and (b) in clause (2)(g.1)(ii)(B) to an amount that the Minister designated for the purpose of the Canada Education Savings Act approves in writing with respect to an individual includes a reference to an amount that the Minister of Human Resources Development or the Minister of State to the said Minister of Human Resources and Skills Development has approved in writing, before the day on which a Minister is designated for the purposes of that Act, with respect to the individual. Regulations
The Governor in Council may make regulations requiring promoters of education savings plans to file information returns in respect of the plans.
distribution under an arrangement of which an individual is the holder means a payment out of or under the arrangement in satisfaction of all or part of the holder’s interest in the arrangement. (distribution) holder means (a) until the death of the individual who entered into the arrangement with the issuer, the individual; (b) at and after the death of the individual, the individual’s survivor, if the survivor acquires (i) all of the individual’s rights as the holder of the arrangement, and (ii) to the extent it is not included in the rights described in subparagraph (i), the unconditional right to revoke any beneficiary designation made, or similar direction imposed, by the individual under the arrangement or relating to property held in connection with the arrangement; and (c) at and after the death of a holder described in paragraph (b) or in this paragraph, the holder’s survivor, if the survivor acquires (i) all of the holder’s rights as the holder of the arrangement, and (ii) to the extent it is not included in the rights described in subparagraph (i), the unconditional right to revoke any beneficiary designation made, or similar direction imposed, by the holder under the arrangement or relating to property held in connection with the arrangement. (titulaire) issuer of an arrangement means the person described as the issuer in the definition qualifying arrangement. qualifying arrangement, at a particular time, means an arrangement (a) that is entered into after 2008 between a person (in this definition referred to as the “issuer”) and an individual (other than a trust) who is at least 18 years of age; (b) that is (i) an arrangement in trust with an issuer that is a corporation licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada the business of offering to the public its services as trustee, (ii) an annuity contract with an issuer that is a licensed annuities provider, or (iii) a deposit with an issuer that is (A) a person who is, or is eligible to become, a member of the Canadian Payments Association, or (B) a credit union that is a shareholder or member of a body corporate referred to as a “central” for the purposes of the Canadian Payments Act; (c) that provides for contributions to be made under the arrangement to the issuer in consideration of, or to be used, invested or otherwise applied for the purpose of, the issuer making distributions under the arrangement to the holder; (d) under which the issuer and the individual agree, at the time the arrangement is entered into, that the issuer will file with the Minister an election to register the arrangement as a TFSA; and (e) that, at all times throughout the period that begins at the time the arrangement is entered into and that ends at the particular time, complies with the conditions in subsection (2). (arrangement admissible) survivor of an individual means another individual who is, immediately before the individual’s death, a spouse or common-law partner of the individual. (survivant) Qualifying arrangement conditions
The conditions referred to in paragraph (e) of the definition qualifying arrangement in subsection (1) are as follows: (a) the arrangement requires that it be maintained for the exclusive benefit of the holder (determined without regard to any right of a person to receive a payment out of or under the arrangement only on or after the death of the holder); (b) the arrangement prohibits, while there is a holder of the arrangement, anyone that is neither the holder nor the issuer of the arrangement from having rights under the arrangement relating to the amount and timing of distributions and the investing of funds; (c) the arrangement prohibits anyone other than the holder from making contributions under the arrangement; (d) the arrangement permits distributions to be made to reduce the amount of tax otherwise payable by the holder under section 207.02 or 207.03; (e) the arrangement provides that, at the direction of the holder, the issuer shall transfer all or any part of the property held in connection with the arrangement (or an amount equal to its value) to another TFSA of the holder; (f) if the arrangement is an arrangement in trust, it prohibits the trust from borrowing money or other property for the purposes of the arrangement; and (g) the arrangement complies with prescribed conditions.
a) Créance commerciale émise par un débiteur; b) action privilégiée de renflouement émise par un débiteur. Il est entendu que la dette commerciale constitue une obligation pour l’application de la définition de principal au paragraphe 248(1). (commercial obligation) dette exclue Dette émise par un débiteur et à l’égard de laquelle l’un des faits suivants se vérifie : a) le produit de l’émission de la dette : (i) soit a été inclus dans le calcul du revenu du débiteur ou l’aurait été, n’eût été le passage « à l’exclusion d’un montant prescrit » à l’alinéa 12(1)x), (ii) soit a été déduit dans le calcul, pour l’application de la présente loi, d’un solde de dépenses ou autres montants non déduits, (iii) soit a été déduit dans le calcul du coût en capital ou du coût indiqué, pour le débiteur, d’un bien; b) le montant payé par le débiteur en règlement de la totalité du principal de la dette serait inclus dans le montant déterminé selon l’alinéa 28(1)e) ou l’article 30 relativement au débiteur; c) l’article 78 s’applique à la dette; d) le principal de la dette serait inclus dans le calcul du revenu du débiteur en raison du règlement de la dette s’il n’était pas tenu compte des articles 79 et 80 et si la dette était réglée sans qu’aucun montant ne soit payé en règlement de son principal. (excluded obligation) montant remis S’agissant du montant remis, à un moment donné, sur une dette commerciale émise par un débiteur, le montant déterminé selon la formule suivante : A - B où : A représente le moins élevé du montant pour lequel la dette a été émise ou du principal de la dette; B le total des montants suivants : a) le montant payé à ce moment en règlement du principal de la dette, b) le montant inclus en application de l’alinéa 6(1)a) ou du paragraphe 15(1) dans le calcul du revenu du débiteur à ce moment en raison du règlement de la dette à ce moment, personne Est assimilée à une personne une société de personnes. (person) personne désignée Quant à un débiteur à un moment donné : a) société canadienne imposable ou société de personnes canadienne admissible qui contrôle le débiteur à ce moment; b) société canadienne imposable ou société de personnes canadienne admissible contrôlée à ce moment : (i) soit par le débiteur, (ii) soit par le débiteur et une ou plusieurs personnes liées à celui-ci, (iii) soit par une personne ou un groupe de personnes qui contrôle le débiteur à ce moment. (directed person) perte non constatée Est une perte non constatée, à un moment donné, relativement à une dette émise par un débiteur et résultant de la disposition d’un bien, la somme qui, en l’absence du sous-alinéa 40(2)(g)(ii), serait une perte en capital résultant de la disposition, effectuée par le débiteur à ce moment ou antérieurement, d’une dette ou d’un autre droit de recevoir un montant. Toutefois, si le débiteur est un contribuable qui est assujetti à un fait lié à la restriction de pertes avant le moment donné et après la disposition, la perte non constatée est nulle, sauf si, selon le cas : a) la dette a été émise par le débiteur avant le fait lié à la restriction de pertes et non en prévision de ce fait; b) la totalité, ou presque, du produit de l’émission de la dette a servi à régler le principal d’une autre dette à laquelle l’alinéa a) ou le présent alinéa s’appliquerait si cette autre dette était toujours impayée. (unrecognized loss) société de personnes canadienne admissible Est une société de personnes canadienne admissible à un moment donné la société de personnes canadienne dont un des associés est, à ce moment : a) une société de placement appartenant à des non-résidents; b) une personne exonérée, par l’effet du paragraphe 149(1), de l’impôt prévu à la partie I sur tout ou partie de son revenu imposable; c) une société de personnes, sauf une société de personnes canadienne admissible; d) un fiducie, sauf une fiducie dans laquelle aucune personne non-résidente ni aucune personne visée aux alinéas a), b) ou c) n’a de droit de bénéficiaire. (eligible Canadian partnership) solde de pertes applicable S’agissant du solde de pertes applicable, à un moment donné, quant à une dette valeur mobilière exclue s’agissant d’une valeur mobilière exclue qu’une société émet en faveur d’une personne en contrepartie du règlement d’une dette, l’une des actions suivantes : a) une action privilégiée de renflouement; b) une action émise en exécution des conditions de la dette, dans le cas où celle-ci prend la forme d’une obligation ou d’un billet inscrit à la cote d’une bourse de valeurs désignée située au Canada et où les conditions concernant la conversion de l’action n’ont pas été établies, ou modifiées quant à leurs éléments essentiels, après le dernier en date du 22 février 1994 et du jour de l’émission de l’obligation ou du billet. (excluded security) (c) subsections (3) to (5) and (8) to (13) apply in numerical order to the forgiven amount in respect of a commercial obligation; (f) [Repealed, 2016, c. 12, s. 23] exceeds personne, à l’exception des actions que celle-ci a acquises en contrepartie du règlement de la dette, est réputé être un montant payé à ce moment en règlement de la dette; h) dans le cas où une partie de la contrepartie qu’un débiteur donne à une autre personne en règlement, à un moment donné, d’une créance commerciale donnée émise par le débiteur et payable à l’autre personne consiste en une nouvelle créance commerciale émise par le débiteur en faveur de cette personne, les présomptions suivantes s’appliquent : (i) un montant égal au principal de la nouvelle créance est réputé payé par le débiteur à ce moment, en raison de l’émission de cette créance, en règlement du principal de la créance donnée, (ii) la nouvelle créance est réputée avoir été émise pour un montant égal à l’excédent éventuel du montant visé à la division (A) sur le montant visé à la division (B) : (A) le principal de la nouvelle créance, (B) l’excédent éventuel du principal de la nouvelle créance sur le montant pour lequel la créance donnée a été émise; i) les dettes commerciales émises par un débiteur qui sont réglées simultanément sont considérées comme réglées à des moments différents selon l’ordre établi par le débiteur dans le formulaire prescrit annexé à sa déclaration de revenu produite en vertu de la présente partie pour son année d’imposition qui comprend le moment du règlement ou, à défaut, selon l’ordre établi par le ministre; j) lorsqu’il s’agit de déterminer, à un moment donné, si deux personnes sont liées l’une à l’autre ou si une personne est contrôlée par une autre personne, il est présumé ce qui suit : (i) chaque société de personnes et chaque fiducie est une société dont le capital-actions consiste en une seule catégorie d’actions avec droit de vote divisée en 100 actions émises, (ii) chaque associé d’une société de personnes et chaque bénéficiaire d’une fiducie est propriétaire, à ce moment, d’un nombre d’actions émises de cette catégorie égal au produit de la multiplication de 100 par le rapport entre : (A) d’une part, la juste valeur marchande, à ce moment, de la participation de l’associé dans la société de personnes ou de la participation du bénéficiaire dans la fiducie, selon le cas, (B) d'autre part, la juste valeur marchande, à ce moment, de l'ensemble des participations des associés dans la société de personnes ou de l'ensemble des participations des bénéficiaires dans la fiducie, selon le cas, (iii) dans le cas où la part d'un bénéficiaire du revenu ou du capital d'une fiducie est fonction de l'exercice ou de l'absence d'exercice, par une personne, d'un pouvoir discrétionnaire, la juste valeur marchande, à ce moment, de la participation du bénéficiaire dans la fiducie est réputée correspondre au montant suivant : (A) si le bénéficiaire n'a le droit de recevoir aucune partie du revenu ou du capital de la fiducie, ou autrement d'en obtenir l'usage, avant le décès, survenu après ce moment, d'un ou plusieurs autres bénéficiaires de la fiducie, zéro, (B) dans les autres cas, le total des justes valeurs marchandes, à ce moment, des participations des bénéficiaires dans la fiducie; k) dans le cas où une dette est libellée en monnaie étrangère, le montant remis sur la dette est déterminé en fonction de la valeur de cette monnaie par rapport à la valeur du dollar canadien au moment de l'émission de la dette; l) lorsqu'un montant est payé en règlement du principal d'une dette commerciale donnée émise par un débiteur et que, par suite de ce paiement, le débiteur a l'obligation légale de payer ce montant à une autre personne, cette obligation de payer ce montant à une autre personne est réputée être une dette commerciale que le débiteur a émise au même moment et dans les mêmes circonstances que la dette donnée; m) il est entendu que le montant qui est peut être appliqué en réduction d'un autre montant selon le présent article doit être égal ou inférieur à celui-ci; n) la créance commerciale émise par un débiteur et réglée à un moment où celui-ci est l'associé d'une société de personnes est considérée, sauf pour l'application du présent alinéa, comme émise par la société de personnes et non par le débiteur, dans le cas où elle était considérée, immédiatement avant ce moment, aux termes de la convention la régissant, comme une dette dont la société de personnes était débitrice; o) malgré l'alinéa n), dans le cas où une créance commerciale dont une personne est responsable avec une Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION N Rules Relating to Computation of Income
The conditions in paragraphs (2)(a), (b) and (e) do not apply to the extent that they are inconsistent with subsection (4). Using TFSA interest as security for a loan
Impôt sur le revenu
A holder of a TFSA may use the holder’s interest or, for civil law, right in the TFSA as security for a loan or other indebtedness if (a) the terms and conditions of the indebtedness are terms and conditions that persons dealing at arm’s length with each other would have entered into; and (b) it can reasonably be concluded that none of the main purposes for that use is to enable a person (other than the holder) or a partnership to benefit from the exemption from tax under this Part of any amount in respect of the TFSA. (4.1) A qualifying arrangement that is a deposit may provide that the issuer has the right to set off any indebtedness owed by the holder to the issuer, or a person related to the issuer, against the holder’s interest in the arrangement if (a) the terms and conditions of the indebtedness and the right of set-off are terms and conditions that persons dealing at arm’s length with each other would have entered into; and (b) it is reasonable to conclude that none of the main purposes for the right of set-off is to enable a person (other than the holder) or a partnership to benefit from the exemption from tax under this Part of any amount in respect of the TFSA.
If the issuer of an arrangement that is, at the time it is entered into, a qualifying arrangement files with the Minister, before March of the calendar year following the calendar year in which the arrangement was entered into (or such later date as is acceptable to the Minister), an election in prescribed form and manner to register the arrangement as a TFSA under the Social Insurance Number of the individual with whom the arrangement was entered into, the arrangement becomes a TFSA at the time the arrangement was entered into and ceases to be a TFSA at the earliest of the following times: (a) the time at which the last holder of the arrangement dies; (b) the time at which the arrangement ceases to be a qualifying arrangement; or (c) the earliest time at which the arrangement is not administered in accordance with the conditions in subsection (2). Trust not taxable
No tax is payable under this Part by a trust that is governed by a TFSA on its taxable income for a taxation year, except that, if at any time in the taxation year, it carries on one or more businesses or holds one or more properties that are non-qualified investments (as defined in subsection 207.01(1)) for the trust, tax is payable under this Part by the trust on the amount that would be its taxable income for the taxation year if it had no incomes or losses from sources other than those businesses and properties, and no capital gains or capital losses other than from dispositions of those properties, and for that purpose, (a) “income” includes dividends described in section 83; (b) the trust’s taxable capital gain or allowable capital loss from the disposition of a property is equal to its capital gain or capital loss, as the case may be, from the disposition; and Carrying on a business (6.1) If tax is payable under this Part for a taxation year because of subsection (6) by a trust that is governed by a TFSA that carries on one or more businesses at any time in the taxation year, (a) the holder of the TFSA is jointly and severally, or solidarily, liable with the trust to pay each amount payable under this Act by the trust that is attributable to that business or those businesses; and (b) the issuer’s liability at any time for amounts payable under this Act in respect of that business or those businesses shall not exceed the total of (i) the amount of property of the trust that the issuer is in possession or control of at that time in its capacity as legal representative of the trust, and (ii) the total amount of all distributions of property from the trust on or after the date that the notice of assessment was sent in respect of the taxation year and before that time. Amount credited to a deposit
An amount that is credited or added to a deposit that is a TFSA as interest or other income in respect of the TFSA is deemed not to be received by the holder of the TFSA solely because of that crediting or adding. Trust ceasing to be a TFSA
(iii) l’obligation était, en vertu de l’accord qui la régissait, considérée immédiatement avant ce moment comme une dette de la société de personnes, la créance est réputée avoir été émise par la société de personnes et non par le débiteur; (o) par dérogation à l’alinéa (n), si une créance commerciale pour laquelle une personne donnée est responsable avec une ou plusieurs autres personnes est réglée, à un moment donné, quant à la personne mais non quant à l’ensemble des autres personnes, la partie de la créance qu’il est raisonnable de considérer comme représentant la part qui revient à la personne est réputée avoir été émise par celle-ci et réglée à ce moment et non à un moment postérieur; (p) une créance commerciale émise par un particulier qui est impayée au moment de son décès et réglée à un moment postérieur est réputée, si la succession du particulier était responsable du paiement de la créance immédiatement avant le moment du règlement, avoir été émise par la succession au même moment et dans les mêmes circonstances que la créance émise par le particulier; (q) lorsqu’une créance commerciale émise par un particulier serait réglée, n’eût été le présent alinéa, à un moment de la période se terminant six mois après le décès d’un particulier ou au cours d’une période plus longue que le ministre et la succession du particulier estiment acceptable et que la succession du particulier était responsable de la créance immédiatement avant ce moment : (i) la créance est réputée avoir été réglée au début du jour du décès du particulier et non à ce moment, (ii) tout montant payé à ce moment par la succession en règlement du principal de la créance est réputé avoir été payé au début du jour du décès du particulier, (iii) tout montant donné par la succession à une autre personne à ce moment ou antérieurement en contrepartie de la prise en charge de la créance par cette dernière est réputé avoir été donné au début du jour du décès du particulier, (iv) l’alinéa b) ne s’applique pas, relativement au règlement, aux intérêts courus au cours de la période en question; toutefois le présent alinéa ne s’applique pas dans le cas où un montant est, en raison du règlement, inclus en vertu de l’alinéa 6(1)a) ou du paragraphe 15(1) dans le calcul du revenu d’une personne ni dans le cas où l’article 79 s’applique à la créance. Reductions of capital losses exceeds Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
If an arrangement that governs a trust ceases, at a particular time, to be a TFSA, (a) the trust is deemed (i) to have disposed, immediately before the particular time, of each property held by the trust for proceeds equal to the property’s fair market value immediately before the particular time, and (ii) to have acquired, at the particular time, each such property at a cost equal to that fair market value; (b) the trust’s last taxation year that began before the particular time is deemed to have ended immediately before the particular time; and (c) a taxation year of the trust is deemed to begin at the particular time. Trust ceasing to be a TFSA on death of holder
exceeds exceeds
If an arrangement that governs a trust ceases to be a TFSA because of the death of the holder of the TFSA, (a) the arrangement is deemed, for the purposes of subsections (6) and (8), any regulations made under subsection (13), the definition trust in subsection 108(1), paragraph 149(1)(u.2) and the definitions qualified investment and non-qualified investment in subsection 207.01(1), to continue to be a TFSA until, and to cease to be a TFSA immediately after, the exemption-end time, being in this subsection the earlier of (i) the time at which the trust ceases to exist, and (ii) the end of the first calendar year that begins after the holder dies; (b) there shall be included in computing a taxpayer’s income for a taxation year the total of all amounts each of which is an amount determined by the formula A is the amount of a payment made out of or under the trust, in satisfaction of all or part of the taxpayer’s beneficial interest in the trust, in the taxation year, after the holder’s death and at or before the exemption-end time, and B is an amount designated by the trust not exceeding the lesser of (i) the amount of the payment, and (ii) the amount by which the fair market value of all of the property held by the trust immediately before the holder’s death exceeds the total of all amounts each of which is the value of B in respect of any other payment made out of or under the trust; and (c) there shall be included in computing the trust’s income for its first taxation year, if any, that begins after the exemption-end time the amount determined by the formula A is the fair market value of all of the property held by the trust at the exemption-end time, and B is the amount by which the fair market value of all of the property held by the trust immediately before the holder’s death exceeds the total of all amounts each of which is the value of B in paragraph (b) in respect of a payment made out of or under the trust. Annuity contract ceasing to be a TFSA (a) the holder of the TFSA is deemed to have disposed of the contract immediately before the particular time for proceeds equal to its fair market value immediately before the particular time; (b) the contract is deemed to be a separate annuity contract issued and effected at the particular time otherwise than pursuant to or as a TFSA; and (c) each person who has an interest or, for civil law, a right in the separate annuity contract at the particular time is deemed to acquire the interest at the particular time at a cost equal to its fair market value at the particular time. (a) the holder of the TFSA is deemed to have disposed of the deposit immediately before the particular time for proceeds equal to its fair market value immediately before the particular time; and (b) each person who has an interest or, for civil law, a right in the deposit at the particular time is deemed to acquire the interest at the particular time at a cost equal to its fair market value at the particular time. Arrangement is TFSA only
[Repealed, 2016, c. 12, s. 23] Impôt sur le revenu
An arrangement that is a qualifying arrangement at the time it is entered into is deemed not to be a retirement savings plan, an education savings plan, a retirement income fund or a disability savings plan. Regulations
The Governor in Council may make regulations requiring issuers of TFSAs to file information returns in respect of TFSAs. Registered Retirement Income Funds annuitant under a retirement income fund at any time means (a) the first individual to whom the carrier has undertaken to make payments described in the definition retirement income fund out of or under the fund, where the first individual is alive at that time, (b) after the death of the first individual, a spouse or common-law partner (in this definition referred to as the “survivor”) of the first individual to whom the carrier has undertaken to make payments described in the definition retirement income fund out of or under the fund after the death of the first individual, if the survivor is alive at that time and the undertaking was made (i) pursuant to an election that is described in that definition and that was made by the first individual, or (ii) with the consent of the legal representative of the first individual, and (c) after the death of the survivor, another spouse or common-law partner of the survivor to whom the carrier has undertaken, with the consent of the legal representative of the survivor, to make payments described in the definition retirement income fund out of or under the fund after the death of the survivor, where that other spouse or common-law partner is alive at that time; (rentier) carrier of a retirement income fund means (a) a person licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada an annuities business, (b) a corporation licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada the business of offering to the public its services as trustee, (c) a corporation approved by the Governor in Council for the purposes of section 146 that is licensed or otherwise authorized under the laws of Canada or a province to issue investment contracts, or that has agreed to make payments under a retirement income fund to the individual who is the annuitant under the fund; (émetteur) designated benefit of an individual in respect of a registered retirement income fund means the total of (a) such amounts paid out of or under the fund after the death of the last annuitant thereunder to the legal representative of that annuitant (i) as would, had they been paid under the fund to the individual, have been refunds of premiums (in this paragraph having the meaning assigned by subsection 146(1)) if the fund were a registered retirement savings plan that had not matured before the death, and (ii) as are designated jointly by the legal representative and the individual in prescribed form filed with the Minister, and (b) amounts paid out of or under the fund after the death of the last annuitant thereunder to the individual that would be refunds of premiums had the fund been a registered retirement savings plan that had not matured before the death; (prestation désignée) minimum amount under a retirement income fund for a year means, for the year in which the fund was entered into, a nil amount, and, for any other year, the amount determined by the formula A is the total fair market value of all properties held in connection with the fund at the beginning of the year (other than annuity contracts held by a trust governed by the fund that, at the beginning of the year, are not described in paragraph (b.1) of the definition qualified investment); (a) where the first annuitant under the fund elected in respect of the fund under paragraph (b) of the definition minimum amount in this subsection, as it read before 1992, or under subparagraph 146.3(1)(f)(i) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, to use the age of another individual, the prescribed factor for the year in respect of the other individual, (b) where paragraph (a) does not apply and the first annuitant under the fund so elects before any payment has been made under the fund by the carrier, the prescribed factor for the year in respect of an individual who was the spouse or common-law partner of the first annuitant at the time of the election, and (c) in any other case, the prescribed factor for the year in respect of the first annuitant under the fund, and C is, where the fund governs a trust, the total of all amounts each of which is (a) a periodic payment under an annuity contract held by the trust at the beginning of the year (other than an annuity contract described at the beginning of the year in paragraph (b.1) of the definition qualified investment) that is paid to the trust in the year, or (b) if the periodic payment under such an annuity contract is not made to the trust because the trust disposed of the right to that payment in the year, a reasonable estimate of that payment on the assumption that the annuity contract had been held throughout the year and no rights under the contract were disposed of in the year; (minimum) property held in connection with a retirement income fund means property held by the carrier of the fund, whether held by the carrier as trustee or beneficial owner thereof, the value of which, or the income or loss from which, is relevant in determining the amount for a year payable to the annuitant under the fund; (biens détenus) qualified investment for a trust governed by a registered retirement income fund means (a) an investment that would be described by any of paragraphs (a) to (d), (f) and (g) of the definition qualified investment in section 204 if the reference in that definition to “a trust governed by a deferred profit sharing plan or revoked plan” were read as a reference to “a trust governed by a registered retirement income fund” and if that definition were read without reference to the words “with the exception of excluded property in relation to the trust”; (b.1) a contract for an annuity issued by a licensed annuities provider where (i) the trust is the only person who, disregarding any subsequent transfer of the contract by the trust, is or may become entitled to any annuity payments under the contract, and (ii) the holder of the contract has a right to surrender the contract at any time for an amount that would, if reasonable sales and administration charges were ignored, approximate the value of funds that could otherwise be applied to fund future periodic payments under the contract, (b.2) a contract for an annuity issued by a licensed annuities provider where (i) annual or more frequent periodic payments are or may be made under the contract to the holder of the contract, (ii) the trust is the only person who, disregarding any subsequent transfer of the contract by the trust, is or may become entitled to any annuity payments under the contract, (iii) neither the time nor the amount of any payment under the contract may vary because of the length of any life, other than (A) if the annuitant under the fund (in this paragraph referred to as the “RRIF annuitant”) has made the election referred to in the definition retirement income fund in respect of the fund and a spouse or common-law partner, the life of the RRIF annuitant or the life of the spouse or common-law partner, and (B) in any other case, the life of the RRIF annuitant, (iv) the day on which the periodic payments began or are to begin (in this paragraph referred to as the “start date”) is not later than the end of the year following the year in which the contract was acquired by the trust, (A) the periodic payments are payable for the life of the RRIF annuitant or the joint lives of the RRIF annuitant and the RRIF annuitant’s spouse or common-law partner and either there is no guaranteed period under the contract or there is a guaranteed period that begins at the start date and does not exceed a term equal to 90 years minus the lesser of (I) the age in whole years at the start date of the RRIF annuitant (determined on the assumption that the RRIF annuitant is alive at the start date), and (II) the age in whole years at the start date of a spouse or common-law partner of the RRIF annuitant (determined on the assumption that a spouse or common-law partner of the RRIF annuitant at the time the contract was acquired is a spouse or common-law partner of the RRIF annuitant at the start date), or (B) the periodic payments are payable for a term equal to (I) 90 years minus the age described in subclause (I), or (II) 90 years minus the age described in subclause (II), and (A) are equal, or (B) are not equal by reason solely of an adjustment to the total periodic payments under the fund to reflect (I) the total periodic payments made under the fund before the adjustment, or (II) the reduction of the fund to provide for the payment of a benefit under a registered pension plan or a deferred profit sharing plan; (B) are not equal solely because of one or more adjustments that would, if the contract were an annuity under a retirement savings plan, be in accordance with subparagraphs 146(3)(b)(iii) to 146(3)(b)(v) or that arise because of a uniform reduction in the entitlement to the periodic payments as a consequence of a partial surrender of rights to the periodic payments, and (c) such other investments as may be prescribed by regulations of the Governor in Council made on the recommendation of the Minister of Finance; (placement admissible) registered retirement income fund means a retirement income fund accepted by the Minister for registration for the purposes of this Act and registered under the Social Insurance Number of the first annuitant under the fund; (fonds enregistré de revenu de retraite) retirement income fund means an arrangement between a carrier and an annuitant under which, in consideration for the transfer to the carrier of property, the carrier undertakes to pay amounts to the annuitant (and, where the annuitant so elects, to the annuitant’s spouse or common-law partner after the annuitant’s death), the total of which is, in each year in which the minimum amount under the arrangement for the year is greater than nil, not less than the minimum amount under the arrangement for that year, but the amount of any such payment does not exceed the value of the property held in connection with the arrangement immediately before the time of the payment. (fonds de revenu de retraite) Adjusted minimum amount for 2008 (1.1) The minimum amount under a retirement income fund for 2008 is 75 per cent of the amount that would, in the absence of this subsection, be the minimum amount under the fund for the year. (1.2) Subsection (1.1) does not apply to a retirement income fund (a) for the purposes of subsections (5.1) and 153(1) and the definition periodic pension payment in section 5 of the Income Tax Conventions Interpretation Act; nor (b) if the individual who was the annuitant under the fund on January 1, 2008 attained 70 years of age in 2007. (1.3) For the purposes of subsections (5.1) and 153(1) and the definition periodic pension payment in section 5 of the Income Tax Conventions Interpretation Act, the minimum amount under a retirement income fund for 2015 is the amount that would be the minimum amount under the fund for the year if it were determined using the prescribed factors under subsection 7308(3) or (4), as the case may be, of the Income Tax Regulations as they read on December 31, 2014. Adjusted minimum amount for 2020 (1.4) The minimum amount under a retirement income fund for 2020 is 75% of the amount that would, in the absence of this subsection, be the minimum amount under the fund for the year. (1.5) Subsection (1.4) does not apply to a retirement income fund for the purposes of subsections (5.1) and 153(1) and the definition periodic pension payment in section 5 of the Income Tax Conventions Interpretation Act.
The Minister shall not accept for registration for the purposes of this Act any retirement income fund of an individual unless, in the Minister’s opinion, the following conditions are complied with: (a) the fund provides that the carrier shall make only those payments described in any of paragraphs (d) and (e), the definition retirement income fund in subsection (1), and subsections (14) and (14.1); (b) the fund provides that payments thereunder may not be assigned in whole or in part; (c) if the carrier is a person referred to as a depositary in section 146, the fund provides that (i) the carrier has no right of offset as regards the property held in connection with the fund in respect of any debt or obligation owing to the carrier, and (ii) the property held in connection with the fund cannot be pledged, assigned or in any way alienated as security for a loan or for any purpose other than that of the making by the carrier to the annuitant those payments described in paragraph 146.3(2)(a); (d) the fund provides that, except where the annuitant’s spouse or common-law partner becomes the annuitant under the fund, the carrier shall, as a consequence of the death of the annuitant, distribute the property held in connection with the fund at the time of the annuitant’s death or an amount equal to the value of such property at that time; (e) the fund provides that, at the direction of the annuitant, the carrier shall transfer all or part of the property held in connection with the fund, or an amount equal to its value at the time of the direction (other than property required to be retained in accordance with the provision described in paragraph 146.3(2)(c.1) or 146.3(2)(c.2)), together with all information necessary for the continuance of the fund, to a person who has agreed to be a carrier of another registered retirement income fund of the annuitant; (e.1) where the fund does not govern a trust or the fund governs a trust created before 1998 that does not hold an annuity contract as a qualified investment for the trust, the fund provides that if an annuitant, at any time, directs that the carrier transfer all or part of the property held in connection with the fund, or an amount equal to its value at that time, to another registered retirement income fund of the annuitant or in accordance with subsection (14.1), the transferor shall retain an amount equal to the lesser of (i) the fair market value of such portion of the property as would, if the fair market value thereof does not decline after the transfer, be sufficient to ensure that the minimum amount under the fund for the year in which the transfer is made may be paid to the annuitant in the year, and (ii) the fair market value of all the property; (e.2) where paragraph (e.1) does not apply, the fund provides that if an annuitant, at any time, directs that the carrier transfer all or part of the property held in connection with the fund, or an amount equal to its value at that time, to another registered retirement income fund of the annuitant or in accordance with subsection (14.1), the transferor shall retain property in the fund sufficient to ensure that the total of (i) all amounts each of which is the fair market value, immediately after the transfer, of a property held in connection with the fund that is (A) property other than an annuity contract, or (B) an annuity contract described, immediately after the transfer, in paragraph (b.1) of the definition qualified investment in subsection 146.3(1), and (ii) all amounts each of which is a reasonable estimate, as of the time of the transfer, of the amount of an annual or more frequent periodic payment under an annuity contract (other than an annuity contract described in clause 146.3(2)(e.2)(ii)(B)) that the trust may receive after the transfer and in the year of the transfer is not less than the amount, if any, by which the minimum amount under the fund for that year exceeds the total of all amounts received out of or under the fund before the transfer that are included in computing the income of the annuitant under the fund for that year; (f) the fund provides that the carrier shall not accept property as consideration thereunder other than property transferred from (i) a registered retirement savings plan under which the individual is the annuitant, (ii) another registered retirement income fund under which the individual is the annuitant, (iii) the individual to the extent only that the amount of the consideration was an amount described in subparagraph 60(l)(v), (iv) a registered retirement income fund or registered retirement savings plan of the individual’s spouse or common-law partner or former spouse or common-law partner under a decree, order or judgment of a competent tribunal, or under a written separation agreement, relating to a division of property between the individual and the individual’s spouse or common-law partner or former spouse or common-law partner in settlement of rights arising out of, or on the breakdown of, their marriage or common-law partnership, (iv.1) a deferred profit sharing plan in accordance with subsection 147(19); (v) a registered pension plan of which the individual is a member (within the meaning assigned by subsection 147.1(1)), (vi) a registered pension plan in accordance with subsection 147.3(5) or (7), (viii) a pooled registered pension plan in accordance with subsection 147.5(21), (ix) an advanced life deferred annuity under which the individual is the annuitant, if the transfer is a refund described under paragraph (g) of the definition advanced life deferred annuity in subsection 146.5(1), or (x) a FHSA in accordance with subsection 146.6(7); (h) the fund in all other respects complies with regulations of the Governor in Council made on the recommendation of the Minister of Finance. No tax while trust governed by fund
Except as provided in subsection 146.3(9), no tax is payable under this Part by a trust on the taxable income of the trust for a taxation year if, throughout the period in the year during which the trust was in existence, the trust was governed by a registered retirement income fund of an individual, except to the extent that the trust has (a) borrowed money in the year or has borrowed money that it has not repaid before the commencement of the year, (b) received a gift of property (other than a transfer from a registered retirement savings plan under which the individual is the annuitant (within the meaning of subsection 146(1)) or a transfer from a registered retirement income fund under which the individual is the annuitant) (i) in the year, or (ii) in a preceding year and has not divested itself of the property or any property substituted therefor before the commencement of the year, or (c) carried on any business or businesses in the year, tax is payable under this Part by the trust, (e) where neither paragraph 146.3(3)(a) nor (b) applies and where paragraph 146.3(3)(c) applies, on the amount, if any, by which (i) the amount that its taxable income for the year would be if it had no incomes or losses from sources other than from the business or businesses, as the case may be, (iii) such portion of the amount determined under subparagraph 146.3(3)(e)(ii) in respect of the trust for the year as can reasonably be considered to be income from, or from the disposition of, qualified investments for the trust. (3.1) Notwithstanding subsection 146.3(3), if the last annuitant under a registered retirement income fund has died, tax is payable under this Part by the trust governed by the fund on its taxable income for each year after the year following the year in which the last annuitant under the fund died. Disposition or acquisition of property by trust
b) la fraction non amortie du coût en capital, pour le débiteur, d’un bien amortissable d’une catégorie prescrite immédiatement après ce moment. Restrictions concernant les biens amortissables
Where at any time in a taxation year a trust governed by a registered retirement income fund (a) disposes of property for a consideration less than the fair market value of the property at the time of the disposition, or for no consideration, or (b) acquires property for a consideration greater than the fair market value of the property at the time of the acquisition,
En cas de règlement, à un moment donné, d’une dette commerciale émise par un débiteur, les règles suivantes s’appliquent : a) un montant ne peut être appliqué, aux termes du paragraphe (5), en réduction, immédiatement après ce moment, du coût en capital, pour le débiteur, d’un bien amortissable d’une catégorie prescrite que dans la mesure où le montant visé au sous-alinéa (i) excède le montant visé au sous-alinéa (ii) : (i) la fraction non amortie du coût en capital, pour le débiteur, des biens amortissables de cette catégorie à ce moment, (ii) le total des autres réductions dont fait l’objet, immédiatement après ce moment, cette fraction non amortie du coût en capital; b) un montant ne peut être appliqué, aux termes du paragraphe (5), en réduction, immédiatement après ce moment, du coût en capital, pour le débiteur, d’un bien amortissable (autre qu’un bien amortissable d’une catégorie prescrite), que dans la mesure où le montant visé au sous-alinéa (i) excède le montant visé au sous-alinéa (ii) : (i) le coût en capital du bien pour le débiteur à ce moment, (ii) le montant qui a été alloué au débiteur avant ce moment en vertu de la partie XVII du Règles de l’impôt sur le revenu relativement au bien.
Benefits taxable
[Abrogé, 2016, ch. 12, art. 23] Réduction des dépenses relatives à des ressources
There shall be included in computing the income of a taxpayer for a taxation year all amounts received by the taxpayer in the year out of or under a registered retirement income fund other than the portion thereof that can reasonably be regarded as (a) part of the amount included in computing the income of another taxpayer by virtue of subsections 146.3(6) and 146.3(6.2); (b) an amount received in respect of the income of the trust under the fund for a taxation year for which the trust was not exempt from tax by virtue of subsection 146.3(3.1); (c) an amount that relates to interest, or to another amount included in computing income otherwise than because of this section, and that would, if the fund were a registered retirement savings plan, be a tax-paid amount (within the meaning assigned by paragraph (b) of the definition tax-paid amount in subsection 146(1)); or (d) an amount in respect of which the annuitant pays a tax under Part XI.01, unless the tax is waived, cancelled or refunded. Amount included in income (5.1) If at any time in a taxation year a particular amount in respect of a registered retirement income fund that is a spouse or common-law partner plan (within the meaning assigned by subsection 146(1)) in relation to a taxpayer is required to be included in the income of the taxpayer’s spouse or common-law partner and the taxpayer is not living separate and apart from the taxpayer’s spouse or common-law partner at that time by reason of the breakdown of their marriage or common-law partnership, there shall be included at that time in computing the taxpayer’s income for the year an amount equal to the lesser of (a) the total of all amounts each of which is a premium (within the meaning assigned by subsection 146(1)) paid by the taxpayer in the year or in one of the two immediately preceding taxation years to a registered retirement savings plan under which the taxpayer’s spouse or common-law partner was the annuitant (within the meaning assigned by subsection 146(1)) at the time the premium was paid, (b) the particular amount, and (c) the amount, if any, by which (i) the total of all amounts each of which is an amount in respect of the fund that is required, in the year and at or before that time, to be included in the income of the taxpayer’s spouse or common-law partner (ii) the minimum amount under the fund for the year. (5.3) Where a taxpayer has paid more than one premium described in subsection 146.3(5.1), such a premium or part thereof paid by the taxpayer at any time shall be deemed to have been included in computing the taxpayer’s income by virtue of that subsection before premiums or parts thereof paid by the taxpayer after that time. (5.4) Where, in respect of an amount required at any time in a taxation year to be included in computing the income of a taxpayer’s spouse, all or part of a premium has, by reason of subsection 146.3(5.1), been included in computing the taxpayer’s income for the year, the following rules apply: (a) the premium or part thereof, as the case may be, shall, for the purposes of subsections 146.3(5.1) and 146(8.3) after that time, be deemed not to have been a premium paid to a registered retirement savings plan under which the taxpayer’s spouse was the annuitant (within the meaning assigned by subsection 146(1)); and (b) an amount equal to the premium or part thereof, as the case may be, may be deducted in computing the income of the spouse for the year. (5.5) Subsection 146.3(5.1) does not apply (a) in respect of a taxpayer at any time during the year in which the taxpayer dies; (b) in respect of a taxpayer where either the taxpayer or the annuitant is a non-resident at the particular time referred to in that subsection; (c) to any payment that is received in full or partial commutation of a registered retirement savings plan or a registered retirement income fund and in respect of which a deduction was made under paragraph 60(l) if, where the deduction was in respect of the acquisition of an annuity, the terms of the annuity provide that it cannot be commuted, and it is not commuted, in whole or in part within 3 years after the acquisition; or (d) in respect of an amount that is deemed by subsection 146.3(6) to have been received by an annuitant under a registered retirement income fund immediately before the annuitant’s death.
En cas de règlement d’une dette commerciale émise par un débiteur, la fraction inutilisée du montant remis sur la dette au moment du règlement est appliquée — dans la mesure indiquée dans le formulaire prescrit annexé à la déclaration de revenu du débiteur produite en vertu de la présente partie pour l’année d’imposition qui comprend ce moment — en réduction, immédiatement après ce moment, des montants suivants : a) dans le cas où le débiteur est une société qui a résidé au Canada tout au long de cette année, chaque montant donné qui serait déterminé relativement au débiteur selon les alinéas 66.7(2)a), (2.3)a), (3)a), (4)a) ou (5)a), s’il n’était pas tenu compte des mentions Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
Where the last annuitant under a registered retirement income fund dies, that annuitant shall be deemed to have received, immediately before death, an amount out of or under a registered retirement income fund equal to the fair market value of the property of the fund at the time of the death. Designated benefit deemed received (6.1) A designated benefit of an individual in respect of a registered retirement income fund that is received by the legal representative of the last annuitant under the fund shall be deemed (a) to be received by the individual out of or under the fund at the time it is received by the legal representative; and (b) except for the purpose of the definition designated benefit in subsection 146.3(1), not to be received out of or under the fund by any other person. Transfer of designated benefit (6.11) For the purpose of subparagraph 60(l)(v), the eligible amount of a particular individual for a taxation year in respect of a registered retirement income fund is nil unless the particular individual was (a) a spouse or common-law partner of the last annuitant under the fund, or (b) a child or grandchild of that annuitant who was dependent because of physical or mental infirmity on that annuitant, in which case the eligible amount shall be determined by the formula A is the portion of the designated benefit of the particular individual in respect of the fund that is included because of subsection 146.3(5) in computing the particular individual’s income for the year, B is the minimum amount under the fund for the year, C is the lesser of (a) the total amounts included because of subsection 146.3(5) in computing the income of an annuitant under the fund for the year in respect of amounts received by the annuitant out of or under the fund, and (b) the minimum amount under the fund for the year, and D is the total of all amounts each of which is the portion of a designated benefit of an individual in respect of the fund that is included because of subsection 146.3(5) in computing the individual’s income for the year. Amount deductible (6.2) There may be deducted from the amount deemed by subsection 146.3(6) to be received by an annuitant out of or under a registered retirement income fund an amount not exceeding the amount determined by the formula A is the total of (a) all designated benefits of individuals in respect of the fund, (b) all amounts that would, if the fund were a registered retirement savings plan, be tax-paid amounts (in this subsection having the meaning assigned by subsection 146(1)) in respect of the fund received by individuals who received, otherwise than because of subsection 146.6(1), designated benefits in respect of the fund, and (c) all amounts each of which is an amount that would, if the fund were a registered retirement savings plan, be a tax-paid amount in respect of the fund received by the legal representative of the last annuitant under the fund to the extent that the legal representative would have been entitled to designate that tax-paid amount under paragraph (a) of the definition designated benefit in subsection 146.3(1) if tax-paid amounts were not excluded in determining refunds of premiums (as defined in subsection 146(1)); B is the fair market value of the property of the fund at the particular time that is the later of (a) the end of the first calendar year that begins after the death of the annuitant, and (b) the time immediately after the last time that any designated benefit in respect of the fund is received by an individual; C is the total of all amounts paid out of or under the fund after the death of the last annuitant thereunder and before the particular time; and D is the lesser of (a) the fair market value of the property of the fund at the time of the death of the last annuitant thereunder, and (b) the sum of the values of B and C in respect of the fund. Deduction for post-death reduction in value (6.3) If the last annuitant under a registered retirement income fund dies, there may be deducted in computing the annuitant’s income for the taxation year in which the annuitant dies an amount not exceeding the amount determined, after all amounts payable out of or under the fund have been paid, by the formula A is the total of all amounts each of which is (a) the amount deemed by subsection (6) to have been received by the annuitant out of or under the fund, (b) an amount (other than an amount described in paragraph (c)) received, after the death of the annuitant, by a taxpayer out of or under the fund and included, because of subsection (5), in computing the taxpayer’s income, or (c) an amount that would, if the fund were a registered retirement savings plan, be a tax-paid amount (within the meaning assigned by subsection 146(1)) in respect of the fund; and B is the total of all amounts paid out of or under the fund after the death of the annuitant. (6.4) Except where the Minister has waived in writing the application of this subsection with respect to all or any portion of the amount determined in subsection (6.3) in respect of a registered retirement income fund, that subsection does not apply if (a) at any time after the death of the annuitant, a trust governed by the fund held an investment that is not a qualified investment; or (b) the last payment out of or under the fund was made after the end of the year following the year in which the annuitant died. Property used as security for loan
Reductions of adjusted cost bases of capital properties « 30 % de », « 30 % de » et « 10 % de » aux alinéas (66.7(2.3)a), (4)a) et (5)a) respectivement, par suite de l’un des événements suivants, à condition que le montant ainsi appliqué ne dépasse pas le compte de société remplaçante, immédiatement après ce moment, relativement à la dette et au montant donné : (i) l’acquisition du contrôle du débiteur par une personne ou un groupe de personnes, (ii) le fait que le débiteur a cessé d’être exonéré de l’impôt prévu à la présente partie sur son revenu imposable, (iii) l’acquisition de biens par le débiteur par suite d’une fusion ou d’une unification; b) les frais cumulatifs d’exploration au Canada du débiteur, au sens du paragraphe 66.1(6); c) les frais cumulatifs d’aménagement au Canada du débiteur, au sens du paragraphe 66.2(5); d) les frais cumulatifs à l’égard de biens relatifs au pétrole et au gaz du débiteur, au sens du paragraphe 66.4(5); e) le total calculé selon l’alinéa 66(4)a) relativement au débiteur, dans le cas où, à la fois : (i) le débiteur a résidé au Canada tout au long de cette année, (ii) le montant ainsi appliqué ne dépasse pas la partie du total des frais d’exploration et d’aménagement à l’étranger du débiteur (au sens du paragraphe 66(15), que celui-ci a engagés avant ce moment, qui serait déductible en application du paragraphe 66(4) dans le calcul du revenu du débiteur pour cette année si son revenu était suffisant au sens du sous-alinéa 66(4)b)(ii), était suffisant et si cette année se terminait à ce moment; f) les frais cumulatifs relatifs à des ressources à l’étranger (au sens du paragraphe 66.21(1)) d’un débiteur se rapportant à un pays. Réduction du prix de base rajusté d’immobilisations
If at any time in a taxation year a trust governed by a registered retirement income fund uses or permits to be used any property of the trust as security for a loan, the fair market value of the property at the time it commenced to be so used shall be included in computing the income for the year of the taxpayer who is the annuitant under the fund at that time. Tax payable on income from non-qualified investment
Si une dette commerciale émise par un débiteur est réglée à un moment donné et que des montants ont été indiqués aux paragraphes (5) et (8) dans la mesure maximale permise relativement au règlement, les règles ci-après s’appliquent sous réserve du paragraphe (18) : a) la partie non imputée du montant de la remise à ce moment relativement à la dette est Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION N Rules Relating to Computation of Income
If a trust that is governed by a registered retirement income fund holds, at any time in a taxation year, a property that is not a qualified investment, (a) tax is payable under this Part by the trust on the amount that its taxable income for the year would be if it had no incomes or losses from sources other than the property that is not a qualified investment or no capital gains or capital losses other than from the disposition of that property, as the case may be; and (i) income includes dividends described in section 83, and (ii) paragraphs 38(a) and (b) are to be read as if the fraction set out in each of those paragraphs were replaced by the word “all”. Recovery of property used as security
exceeds Impôt sur le revenu
Where at any time in a taxation year a loan for which a trust governed by a registered retirement income fund has used or permitted to be used trust property as security ceases to be extant, and the fair market value of the property so used was included by virtue of subsection 146.3(7) in computing the income of a taxpayer who was the annuitant under the fund, there may be deducted in computing the income for a taxation year of the taxpayer who is at that time the annuitant, an amount equal to the amount, if any, remaining when (a) the net loss (exclusive of payments by the trust as or on account of interest) sustained by the trust in consequence of its using or permitting to be used the property as security for the loan and not as a result of a change in the fair market value of the property is deducted from (b) the amount so included in computing the income of a taxpayer in consequence of the trust’s using or permitting to be used the property as security for the loan. Change in fund after registration
Where, on any day after a retirement income fund has been accepted by the Minister for registration for the purposes of this Act, the fund is revised or amended or a new fund is substituted therefor, and the fund as revised or amended or the new fund substituted therefor, as the case may be (in this subsection referred to as the “amended fund”) does not comply with the requirements Registered Retirement Income Funds of this section for its acceptance by the Minister for registration for the purposes of this Act, the following rules apply: (a) the amended fund shall be deemed, for the purposes of this Act, not to be a registered retirement income fund; and (b) the taxpayer who was the annuitant under the fund before it became an amended fund shall, in computing the taxpayer’s income for the taxation year that includes that day, include as income received out of the fund at that time an amount equal to the fair market value of all the property held in connection with the fund immediately before that time.
For the purposes of subsection 146.3(11), an arrangement under which a right or obligation under a retirement income fund is released or extinguished either wholly or in part and either in exchange or substitution for any right or obligation, or otherwise (other than an arrangement the sole object and legal effect of which is to revise an element of the fund or under which there is lent any amount by way of loan or otherwise is made on the security of a right under a retirement income fund), shall be deemed to be a new fund substituted for the retirement income fund. Transfer on breakdown of marriage or common-law partnership
An amount is transferred from a registered retirement income fund of an annuitant in accordance with this subsection if the amount (a) is transferred on behalf of an individual who is a spouse or common-law partner or former spouse or common-law partner of the annuitant and who is entitled to the amount under a decree, an order or a judgment of a competent tribunal, or under a written agreement, that relates to a division of property between the annuitant and the individual in settlement of rights that arise out of, or on a breakdown of, their marriage or common-law partnership; and (b) is transferred directly to (i) a registered retirement income fund under which the individual is the annuitant, or (ii) a registered retirement savings plan under which the individual is the annuitant (within the meaning assigned by subsection 146(1)). Transfer to PRPP or RPP (14.1) An amount is transferred from a registered retirement income fund of an annuitant in accordance with this subsection if the amount (a) is transferred at the direction of the annuitant directly to an account of the annuitant under a pooled registered pension plan; (b) is transferred at the direction of the annuitant directly to a registered pension plan of which, at any time before the transfer, the annuitant was a member (as defined in subsection 147.1(1)) or to a specified pension plan and is allocated to the annuitant under a money purchase provision (as defined in subsection 147.1(1)) of the plan; or (c) is transferred at the direction of the annuitant directly to a licensed annuities provider to acquire an advanced life deferred annuity for the benefit of the annuitant. Taxation of amount transferred (a) is not, solely because of that transfer, to be included in computing the income of any taxpayer; and (b) is not to be deducted in computing the income of any taxpayer. Credited or added amount deemed not received (a) an amount is credited or added to a deposit with a depositary referred to in paragraph (d) of the definition carrier in subsection 146.3(1) as interest or income in respect of the deposit, (b) the deposit is a registered retirement income fund at the time the amount is credited or added to the deposit, and (c) during the calendar year in which the amount is credited or added or during the preceding calendar year, the annuitant under the fund was alive, the amount shall be deemed not to be received by the annuitant or any other person solely because of the crediting or adding. Registered Disability Savings Plan
a) la partie non appliquée restante du montant remis sur la dette à ce moment est appliquée — dans la mesure indiquée dans le formulaire prescrit annexé à la déclaration de revenu que le débiteur produit en vertu de la présente partie pour l’année d’imposition qui comprend ce moment — en réduction, immédiatement après ce moment, du prix de base rajusté, pour le débiteur, des immobilisations lui appartenant immédiatement après ce moment (à l’exclusion des actions du capital-actions de sociétés dont il est un actionnaire déterminé à ce moment, des dettes émises par de telles sociétés, des participations dans des sociétés de personnes qui lui sont liées à ce moment, des biens amortissables qui ne font pas partie d’une catégorie prescrite, des biens à usage personnel et des biens exclus); b) un montant ne peut être appliqué aux termes du présent paragraphe en réduction, immédiatement après ce moment, du coût en capital, pour le débiteur, d’un bien amortissable d’une catégorie prescrite que dans la mesure où le montant visé au sous-alinéa (i) dépasse le montant visé au sous-alinéa (ii): (i) le coût en capital du bien pour le débiteur immédiatement après ce moment (déterminé sans tenir compte du règlement de la dette à ce moment), dépasse (ii) le coût en capital du bien pour le débiteur immédiatement après ce moment pour l’application des alinéas 8(1)j) et p), des articles 13 et 20 et des dispositions réglementaires prises pour l’application de l’alinéa 20(1)a), déterminé comme non tenu du règlement de la dette à ce moment; c) pour l’application des alinéas 8(1)j) et p), des articles 13 et 20 et des dispositions réglementaires prises pour l’application de l’alinéa 20(1)a), aucun montant n’est considéré comme appliqué aux termes du présent paragraphe. Réduction du prix de base rajusté de certaines actions et dettes
assistance holdback amount, in relation to a disability savings plan, has the meaning assigned under the Canada Disability Savings Act. (montant de retenue) contribution to a disability savings plan does not include (other than for the purpose of paragraph (b) of the definition disability savings plan) (a) an amount paid into the plan under or because of the Canada Disability Savings Act or a designated provincial program; (b) an amount paid into the plan under or because of any other program that has a similar purpose to a designated provincial program and that is funded, directly or indirectly, by a province (other than an amount paid into the plan by an entity described in subparagraph (a)(iii) of the definition qualifying person in its capacity as holder of the plan); (c) an amount transferred to the plan in accordance with subsection (8); or (ii) an accumulated income payment made to the plan under subsection 146.1(1.2). (cotisation) designated provincial program means a program that is established under the laws of a province and that supports savings in registered disability savings plans. (programme provincial désigné) disability savings plan of a beneficiary means an arrangement (a) between (i) a corporation (in this definition referred to as the “issuer”) (A) that is licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada the business of offering to the public its services as trustee, and (B) with which the specified Minister has entered into an agreement that applies to the arrangement for the purposes of the Canada Disability Savings Act, and (ii) one or more of the following: (B) an entity that, at the time the arrangement is entered into, is a qualifying person described in paragraph (a) or (b) of the definition qualifying person in relation to the beneficiary, (B.1) if the arrangement is entered into before 2027, a qualifying family member in relation to the beneficiary who, at the time the arrangement is entered into, is a qualifying person in relation to the beneficiary, (B.2) a qualifying family member in relation to the beneficiary who, at the time the arrangement is entered into, is not a qualifying person in relation to the beneficiary but is a holder of another arrangement that is a registered disability savings plan of the beneficiary, and (C) a legal parent of the beneficiary who, at the time the arrangement is entered into, is not a qualifying person in relation to the beneficiary but is a holder of another arrangement that is a registered disability savings plan of the beneficiary; (b) under which one or more contributions are to be made in trust to the issuer to be invested, used or otherwise applied by the issuer for the purpose of making payments from the arrangement to the beneficiary; and (c) that is entered into in a taxation year in respect of which (i) the beneficiary is a DTC-eligible individual, or (ii) the beneficiary is not a DTC-eligible individual and an amount is to be transferred from a registered disability savings plan of the beneficiary to the arrangement in accordance with subsection (8). DTC-eligible individual, in respect of a taxation year, means an individual in respect of whom an amount is deductible, or would if this Act were read without reference to paragraph 118.3(1)(c) be deductible, under section 118.3 in computing a taxpayer’s tax payable under this Part for the taxation year. (particulier admissible au CIPH) holder of a disability savings plan at any time means each of the following: (a) an entity that has, at that time, rights as an entity with whom the issuer entered into the plan; (b) an entity that has, at that time, rights as a successor or assignee of an entity described in paragraph (a) or in this paragraph; and (c) the beneficiary if, at that time, the beneficiary is not an entity described in paragraph (a) or (b) and has rights under the plan to make decisions (either alone or with other holders of the plan) concerning the plan, except where the only such right is a right to direct that disability assistance payments be made as provided for in subparagraph (4)(n)(ii). (titulaire) issuer, of an arrangement, means the person described as the “issuer” in the definition disability savings plan. (émetteur) lifetime disability assistance payments under a disability savings plan of a beneficiary means disability assistance payments that are identified under the terms of the plan as lifetime disability assistance payments and that, after they begin to be paid, are payable at least annually until the earlier of the day on which the beneficiary dies and the day on which the plan is terminated. (paiements viagers pour invalidité) plan trust, in relation to a disability savings plan, means the trust governed by the plan. (fiducie de régime) qualified investment, for a trust governed by a RDSP, means (a) an investment that would be described by any of paragraphs (a) to (d), (f) and (g) of the definition qualified investment in section 204 if the reference in that definition to “a trust governed by a deferred profit sharing plan or revoked plan” were read as a reference to “a trust governed by a RDSP” and if that definition were read without reference to the words “with the exception of excluded property in relation to the trust”; (b) a contract for an annuity issued by a licensed annuities provider where Registered Disability Savings Plan (i) the trust is the only person who, disregarding any subsequent transfer of the contract by the trust, is or may become entitled to any annuity payments under the contract, and (ii) the holder of the contract has a right to surrender the contract at any time for an amount that would, if reasonable sales and administration charges were ignored, approximate the value of funds that could otherwise be applied to fund future periodic payments under the contract; (c) a contract for an annuity issued by a licensed annuities provider where (i) annual or more frequent periodic payments are or may be made under the contract to the holder of the contract, (ii) the trust is the only person who, disregarding any subsequent transfer of the contract by the trust, is or may become entitled to any annuity payments under the contract, (iii) neither the time nor the amount of any payment under the contract may vary because of the length of any life, other than the life of the beneficiary under the plan, (iv) the day on which the periodic payments began or are to begin is not later than the end of the later of (A) the year in which the beneficiary under the plan attains the age of 60 years, and (B) the year following the year in which the contract was acquired by the trust, (v) the periodic payments are payable for the life of the beneficiary under the plan and either there is no guaranteed period under the contract or there is a guaranteed period that does not exceed 15 years, (A) are equal, or (B) are not equal solely because of one or more adjustments that would, if the contract were an annuity under a retirement savings plan, be in accordance with subparagraphs 146(3)(b)(iii) to (v) or that arise because of a uniform reduction in the entitlement to the periodic payments as a consequence of a partial surrender of rights to the periodic payments, and (vii) the contract requires that, in the event the plan must be terminated in accordance with paragraph (4)(p), any amounts that would otherwise be payable after the termination be commuted into a single payment; and qualifying family member, in relation to a beneficiary of a disability savings plan, at any time, means an individual who, at that time, is (b) a spouse or common-law partner of the beneficiary who is not living separate and apart from the beneficiary by reason of a breakdown of their marriage or common-law partnership; or qualifying person, in relation to a beneficiary of a disability savings plan, at any time, means (a) if the beneficiary has not, at or before that time, attained the age of majority, an entity that is, at that time, (ii) a guardian, tutor, curator or other individual who is legally authorized to act on behalf of the beneficiary, or (iii) a public department, agency or institution that is legally authorized to act on behalf of the beneficiary; (b) if the beneficiary has, at or before that time, attained the age of majority and is not, at that time, contractually competent to enter into a disability savings plan, an entity that is, at that time, an entity described in subparagraph (a)(ii) or (iii); and (c) an individual who is a qualifying family member in relation to the beneficiary if (i) at or before that time, the beneficiary has attained the age of majority and, other than for the purposes of paragraph (4)(b.1), is not a beneficiary under a disability savings plan, (ii) at that time, no entity described in subparagraph (a)(ii) or (iii) is legally authorized to act on behalf of the beneficiary, and (iii) in the issuer’s opinion after reasonable inquiry, the beneficiary’s contractual competence to enter into a disability savings plan at that time is in doubt. (responsable) registered disability savings plan or RDSP means a disability savings plan that satisfies the conditions in subsection (2), but does not include a plan to which subsection (3) or (10) applies. (régime enregistré d’épargne-invalidité ou REEI) specified maximum amount, for a calendar year in respect of a disability savings plan, means the amount that is the greater of (a) the amount determined by the formula set out in paragraph (4)(l) in respect of the plan for the calendar year, and (b) the amount determined by the formula A is 10% of the fair market value of the property held by the plan trust at the beginning of the calendar year (other than annuity contracts held by the plan trust that, at the beginning of the calendar year, are not described in paragraph (b) of the definition qualified investment), and B is the total of all amounts each of which is (i) a periodic payment under an annuity contract held by the plan trust at the beginning of the calendar year (other than an annuity contract described at the beginning of the calendar year in paragraph (b) of the definition qualified investment) that is paid to the plan trust in the calendar year, or (ii) if the periodic payment under such an annuity contract is not made to the plan trust because the plan trust disposed of the right to that payment in the calendar year, a reasonable estimate of that payment on the assumption that the annuity contract had been held throughout the calendar year and no rights under the contract were disposed of in the calendar year. (plafond) specified Minister means the minister designated under section 4 of the Canada Disability Savings Act. (ministre responsable) specified year, for a disability savings plan of a beneficiary means the particular calendar year in which a medical doctor or a nurse practitioner licensed to practise under the laws of a province (or of the place where the beneficiary resides) certifies in writing that the beneficiary’s state of health is such that, in the professional opinion of the medical doctor or the nurse practitioner, the beneficiary is not likely to survive more than five years and (a) if the plan is a specified disability savings plan, each subsequent calendar year, but does not include any calendar year prior to the calendar year in which the certification is provided to the issuer of the plan; or (b) in any other case, each of the five calendar years following the particular calendar year, but does not include any calendar year prior to the calendar year in which the certification is provided to the issuer of the plan. (année déterminée) Specified disability savings plan (1.1) If, in respect of a beneficiary under a registered disability savings plan, a medical doctor or a nurse practitioner licensed to practise under the laws of a province (or of the place where the beneficiary resides) certifies in writing that the beneficiary’s state of health is such that, in the professional opinion of the medical doctor or the nurse practitioner, the beneficiary is not likely to survive more than five years, the holder of the plan elects in prescribed form and provides the election and the medical certification in respect of the beneficiary to the issuer of the plan, and the issuer notifies the specified Minister of the election in a manner and format acceptable to the specified Minister, then the plan becomes a specified disability savings plan at the time the notification is received by the specified Minister. (1.2) A plan ceases to be a specified disability savings plan at the earliest of the following times: (a) the time that the specified Minister receives a notification, in a manner and format acceptable to the specified Minister, from the issuer of the plan that the holder elects that the plan is to cease to be a specified disability savings plan; (b) the time that is immediately before the earliest time in a calendar year when the total disability assistance payments, other than non-taxable portions, made from the plan in the year and while it was a specified disability savings plan exceeds $10,000 (or such greater amount as is required to satisfy the condition in subparagraph (d)(ii)); (c) the time that is immediately before the time that (i) a contribution is made to the plan, (ii) an amount described in any of paragraphs (a) and (b) and subparagraph (d)(ii) of the definition contribution in subsection (1) is paid into the plan, (iii) the plan is terminated, (iv) the plan ceases to be a registered disability savings plan as a result of the application of paragraph (10)(a), or (v) is the beginning of the first calendar year throughout which the beneficiary under the plan has no severe and prolonged impairments with the effects described in paragraph 118.3(1)(a.1); and (i) in the year the total amount of disability assistance payments made from the plan to the beneficiary is less than the amount determined by the formula set out in paragraph (4)(i) in respect of the plan for the year (or such lesser amount as is supported by the property of the plan), and (ii) the year is not the calendar year in which the plan became a specified disability savings plan. (1.3) If at any time, a plan has ceased to be a specified disability savings plan because of subsection (1.2), then the holder of the plan may not make an election under subsection (1.1) until 24 months after that time. (1.4) The Minister may waive the application of subsections (1.2) or (1.3) if it is just and equitable to do so. Beneficiary replacing holder (1.5) Any holder of a disability savings plan who was a qualifying person in relation to the beneficiary under the plan at the time the plan (or another registered disability savings plan of the beneficiary) was entered into solely because of paragraph (c) of the definition qualifying person in subsection (1), or who was a successor holder because of paragraph (4)(b.1), ceases to be a holder of the plan and the beneficiary becomes the holder of the plan if (a) the beneficiary is determined to be contractually competent by a competent tribunal or court under the laws of a province or, in the issuer’s opinion after reasonable inquiry, the beneficiary’s contractual competence to enter into a disability savings plan is no longer in doubt; and (b) the beneficiary notifies the issuer that the beneficiary chooses to become the holder of the plan. (1.6) If an entity described in subparagraph (a)(ii) or (iii) of the definition qualifying person in subsection (1) is appointed in respect of a beneficiary of a disability savings plan and a holder of the plan was a qualifying person in relation to the beneficiary at the time the plan (or another registered disability savings plan of the beneficiary) was entered into solely because of paragraph (c) of that definition, or was a successor holder because of paragraph (4)(b.1), (b) the holder of the plan ceases to be a holder of the plan; and (c) the entity becomes the holder of the plan. Rules applicable in case of dispute (1.7) If a dispute arises as a result of an issuer’s acceptance of a qualifying family member who was a qualifying person in relation to the beneficiary at the time the plan (or another registered disability savings plan of the beneficiary) was entered into solely because of paragraph (c) of the definition qualifying person in subsection (1), or who was a successor holder because of paragraph (4)(b.1), as a holder of a disability savings plan, from the time the dispute arises until the time that the dispute is resolved or an entity becomes the holder of the plan under subsection (1.5) or (1.6), the holder of the plan shall use their best efforts to avoid any reduction in the fair market value of the property held by the plan trust, having regard to the reasonable needs of the beneficiary under the plan.
Si une dette commerciale émise par un débiteur est réglée à un moment donné d’une année d’imposition et que des montants ont été désignés par le débiteur en application des paragraphes (5), (8) et (9) dans la mesure maximale permise relativement au règlement, sous réserve du paragraphe (18), la partie non appliquée restante du montant remis sur la dette est appliquée — dans la mesure indiquée dans le formulaire prescrit annexé à la déclaration de revenu que le débiteur produit en vertu de la présente partie pour l’année — en réduction, immédiatement après ce moment, du prix de base rajusté, pour le débiteur, des immobilisations lui appartenant immédiatement après ce moment qui constituent des Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION N Rules Relating to Computation of Income
The conditions that must be satisfied for a disability savings plan of a beneficiary to be a registered disability savings plan are as follows: (a) before the plan is entered into, the issuer of the plan has received written notification from the Minister that, in the Minister’s opinion, a plan whose terms are identical to the plan would, if entered into, comply with the conditions in subsection (4); (b) at or before the time the plan is entered into, the issuer of the plan has been provided with the Social Insurance Number of the beneficiary and the Social Insurance Number or business number, as the case may be, of each entity with which the issuer has entered into the plan; and (c) at the time the plan is entered into, the beneficiary is resident in Canada, except that this condition does not apply if, at that time, the beneficiary is the beneficiary under another registered disability savings plan.
Capital gain where current year capital loss Impôt sur le revenu
A disability savings plan is deemed never to have been a registered disability savings plan unless (b) if the beneficiary is the beneficiary under another registered disability savings plan at the time the plan is established, that other plan is terminated without delay.
The conditions referred to in paragraph (2)(a) are as follows: (i) that it is to be operated exclusively for the benefit of the beneficiary under the plan, (ii) that the designation of the beneficiary under the plan is irrevocable, and (iii) that no right of the beneficiary to receive payments from the plan is capable, either in whole or in part, of surrender or assignment; (b) the plan allows an entity to acquire rights as a successor or assignee of a holder of the plan only if the entity is (iii) a holder of the plan at the time the rights are acquired, (iv) a qualifying person (other than a person described in paragraph (c) of the definition qualifying person in subsection (1)) in relation to the beneficiary at the time the rights are acquired, or (v) an individual who is a legal parent of the beneficiary and was previously a holder of the plan; (b.1) before 2027, as a consequence of the death of a qualifying family member who was the remaining holder of the plan immediately before death, the plan may allow one qualifying family member — in respect of which the conditions set out in paragraph (c) of the definition qualifying person in subsection (1) are met — to acquire rights as a successor of the holder of the plan; (c) the plan provides that, where an entity (other than a qualifying family member in relation to the beneficiary) that is a holder of the plan ceases to be a qualifying person in relation to the beneficiary at any time, the entity ceases at that time to be a holder of the plan; (d) the plan provides for there to be at least one holder of the plan at all times that the plan is in existence and may provide for the beneficiary (or the beneficiary’s estate, as the case may be) to automatically acquire rights as a successor or assignee of a holder in order to ensure compliance with this requirement; (e) the plan provides that, where an entity becomes a holder of the plan after the plan is entered into, the entity is prohibited (except to the extent otherwise permitted by the Minister or the specified Minister) from exercising their rights as a holder of the plan until the issuer has been advised of the entity having become a holder of the plan and been provided with the entity’s Social Insurance Number or business number, as the case may be; (f) the plan prohibits contributions from being made to the plan at any time if (i) the beneficiary is not a DTC-eligible individual in respect of the taxation year that includes that time, unless the contribution is a specified RDSP payment in respect of the beneficiary, or (ii) the beneficiary died before that time; (g) the plan prohibits a contribution from being made to the plan at any time if (i) the beneficiary attained the age of 59 years before the calendar year that includes that time, (ii) the beneficiary is not resident in Canada at that time, or (iii) the total of the contribution and all other contributions made at or before that time to the plan or to any other registered disability savings plan of the beneficiary would exceed $200,000; (h) the plan prohibits contributions to the plan by any entity that is not a holder of the plan, except with the written consent of a holder of the plan; (i) the plan provides that no payments may be made from the plan other than (i) disability assistance payments, (ii) a transfer in accordance with subsection (8), and (iii) repayments under the Canada Disability Savings Act or a designated provincial program; (j) the plan prohibits a disability assistance payment from being made if it would result in the fair market value of the property held by the plan trust immediately after the payment being less than the assistance holdback amount in relation to the plan; (k) the plan provides for lifetime disability assistance payments to begin to be paid no later than the end of the particular calendar year in which the beneficiary attains the age of 60 years or, if the plan is established in or after the particular year, in the calendar year following the calendar year in which the plan is established; (l) the plan provides that the total amount of lifetime disability assistance payments made in any calendar year (other than a specified year for the plan) shall not exceed the amount determined by the formula A is the fair market value of the property held by the plan trust at the beginning of the calendar year (other than annuity contracts held by the plan trust that, at the beginning of the calendar year, are not described in paragraph (b) of the definition qualified investment in subsection (1)), B is the greater of 80 and the age in whole years of the beneficiary at the beginning of the calendar year, C is the age in whole years of the beneficiary at the beginning of the calendar year, and D is the total of all amounts each of which is (i) a periodic payment under an annuity contract held by the plan trust at the beginning of the calendar year (other than an annuity contract described at the beginning of the calendar year in paragraph (b) of the definition qualified investment in subsection (1)) that is paid to the plan trust in the calendar year, or (ii) if the periodic payment under such an annuity contract is not made to the plan trust because the plan trust disposed of the right to that payment in the calendar year, a reasonable estimate of that payment on the assumption that the annuity contract had been held throughout the calendar year and no rights under the contract were disposed of in the calendar year; (m) the plan stipulates whether or not disability assistance payments that are not lifetime disability assistance payments are to be permitted under the plan; (n) the plan provides that when the total of all amounts paid under the Canada Disability Savings Act before the beginning of a calendar year to any registered disability savings plan of the beneficiary exceeds the total of all contributions made before the beginning of the calendar year to any registered disability savings plan of the beneficiary, (i) if the calendar year is not a specified year for the plan and the conditions in clauses (p)(ii)(A) and (B) are not met in the calendar year, the total amount of disability assistance payments made from the plan to the beneficiary in the calendar year shall not exceed the specified maximum amount for the calendar year, except that, in calculating that total amount, any payment made following a transfer in the calendar year from another plan in accordance with subsection (8) is to be disregarded if it is made (A) to satisfy an undertaking described in paragraph (8)(d), or (B) in lieu of a payment that would otherwise have been permitted to be made from the other plan in the calendar year had the transfer not occurred, and (ii) if the beneficiary attained the age of 27 years, but not the age of 59 years, before the calendar year, the beneficiary has the right to direct that, within the constraints imposed by subparagraph (i) and paragraph (p), one or more disability assistance payments be made from the plan to the beneficiary in the calendar year; (n.1) The plan provides that, if the beneficiary attained the age of 59 years before a calendar year, the total amount of disability assistance payments made from the plan to the beneficiary in the calendar year shall not be less than the amount determined by the formula set out in paragraph (l) in respect of the plan for the calendar year (or such lesser amount as is supported by the property of the plan trust); (o) the plan provides that, at the direction of the holders of the plan, the issuer shall transfer all of the property held by the plan trust (or an amount equal to its value) to another registered disability savings plan of the beneficiary, together with all information in its possession (other than information provided to the issuer of the other plan by the specified Minister) that may reasonably be considered necessary for compliance, in respect of the other plan, with the requirements of this Act and with any conditions and obligations imposed under the Canada Disability Savings Act; and (p) the plan provides for any amounts remaining in the plan (after taking into consideration any repayments under the Canada Disability Savings Act or a designated provincial program) to be paid to the beneficiary or the beneficiary’s estate, as the case may be, and for the plan to be terminated, by the end of the calendar year following the earlier of (i) the calendar year in which the beneficiary dies, and (ii) the first calendar year in which the following conditions are met: (A) the holder of the plan has requested that the issuer terminate the plan, and (B) throughout the year, the beneficiary has no severe and prolonged impairments with the effects described in paragraph 118.3(1)(a.1). Transitional rule (4.01) If, after March 18, 2019 and before 2021, a registered disability savings plan would otherwise be required to be terminated because of subparagraph (4)(p)(ii) or any terms of the plan provided because of that subparagraph, then notwithstanding that subparagraph or those terms, the plan is not required to be terminated before 2021 in either of the following circumstances: (a) the beneficiary of the plan has no severe and prolonged impairments with the effects described in paragraph 118.3(1)(a.1), or (b) an election was made under subsection (4.1), as it is read immediately before 2021, and the election ceases to be valid after March 18, 2019 and before 2021 because of paragraph (4.2)(b), as it read immediately before 2021. Trust not taxable
No tax is payable under this Part by a trust on the taxable income of the trust for a taxation year if, throughout the period in the year during which the trust was in existence, the trust was governed by a registered disability savings plan, except that Registered Disability Savings Plan (a) tax is payable under this Part by the trust on its taxable income for the year if the trust has borrowed money (i) in the year, or (ii) in a preceding taxation year and has not repaid it before the beginning of the year; and (b) if the trust is not otherwise taxable under paragraph (a) on its taxable income for the year and, at any time in the year, it carries on one or more businesses or holds one or more properties that are not qualified investments for the trust, tax is payable under this Part by the trust on the amount that its taxable income for the year would be if it had no incomes or losses from sources other than those businesses and properties, and no capital gains or losses other than from dispositions of those properties, and for this purpose, (i) “income” includes dividends described in section 83, (ii) the trust’s taxable capital gain or allowable capital loss from the disposition of a property is equal to its capital gain or capital loss, as the case may be, from the disposition, and Taxation of disability assistance payments
Where a disability assistance payment is made from a registered disability savings plan of a beneficiary, the amount, if any, by which the amount of the payment exceeds the non-taxable portion of the payment shall be included, (a) if the beneficiary is alive at the time the payment is made, in computing the beneficiary’s income for the beneficiary’s taxation year in which the payment is made; and (b) in any other case, in computing the income of the beneficiary’s estate for the estate’s taxation year in which the payment is made. Non-taxable portion of disability assistance payment
actions du capital-actions de sociétés dont il est un actionnaire déterminé à ce moment et des dettes émises par de telles sociétés (à l’exclusion des actions du capital-actions de sociétés liées au débiteur à ce moment, des dettes émises par de telles sociétés et des biens exclus). Réduction du prix de base rajusté de certaines actions, dettes et participations dans des sociétés de personnes
The non-taxable portion of a disability assistance payment made at a particular time from a registered disability savings plan of a beneficiary is the lesser of the amount of the disability assistance payment and the amount determined by the formula A is the amount of the disability assistance payment; B is the amount, if any, by which (a) the total of all amounts each of which is the amount of a contribution made before the particular time to any registered disability savings plan of the beneficiary (b) the total of all amounts each of which is the amount that would be the non-taxable portion of a disability assistance payment made before the particular time from any registered disability savings plan of the beneficiary, if the formula in this subsection were read without reference to the description of D; C is the amount by which the fair market value of the property held by the plan trust immediately before the payment exceeds the assistance holdback amount in relation to the plan; and D is the amount in respect of which a holder of the plan pays a tax under section 207.05 in respect of the plan, or another plan for which the plan was substituted by the holder, that (a) has not been waived, cancelled or refunded; and (b) has not otherwise been used in the year or a preceding year in computing the non-taxable portion of a disability assistance payment made from the plan or another plan for which the plan was substituted.
Si une dette commerciale émise par un débiteur est réglée à un moment donné d’une année d’imposition et que des montants ont été indiqués par le débiteur en application des paragraphes (5), (8), (9) et (10) dans la mesure maximale permise relativement au règlement, sous réserve du paragraphe (18), la partie non appliquée restante du montant de la dette est appliquée — dans la mesure indiquée dans le formulaire prescrit annexé à la déclaration de revenu que le débiteur produit en vertu de la présente partie pour l’année — en réduction, immédiatement après ce moment, du prix de base rajusté, pour le débiteur, des biens suivants : a) des actions et des dettes qui sont des immobilisations (sauf des biens exclus et des biens dont le prix de base rajusté est réduit à ce moment par application des paragraphes 80(9) ou (10)) appartenant au débiteur immédiatement après ce moment; b) des participations dans des sociétés de personnes qui sont liées au débiteur à ce moment, qui constituent des immobilisations (sauf des biens exclus) appartenant au débiteur immédiatement après ce moment. Gain en capital en cas de perte en capital pour l’année courante
An amount is transferred from a registered disability savings plan (in this subsection referred to as the “prior plan”) of a beneficiary in accordance with this subsection if (a) the amount is transferred directly to another registered disability savings plan (in this subsection referred to as the “new plan”) of the beneficiary; (b) the prior plan is terminated immediately after the transfer; (c) the issuer of the prior plan provides the issuer of the new plan with all information in its possession concerning the prior plan (other than information Registered Disability Savings Plan provided to the issuer of the new plan by the specified Minister) as may reasonably be considered necessary for compliance, in respect of the new plan, with the requirements of this Act and with any conditions and obligations imposed under the Canada Disability Savings Act; and (d) where the beneficiary attained the age of 59 years before the calendar year in which the transfer occurs, the issuer of the new plan undertakes to make (in addition to any other disability assistance payments that would otherwise have been made from the new plan in the year) one or more disability assistance payments from the plan in the year, the total of which is equal to the amount, if any, by which (i) the total amount of disability assistance payments that would have been required to be made from the prior plan in the year if the transfer had not occurred (ii) the total amount of disability assistance payments made from the prior plan in the year. No income inclusion on transfer
Si une dette commerciale émise par un débiteur, autre qu’une société de personnes, est réglée à un moment donné d’une année d’imposition et que des montants ont été indiqués par le débiteur en application des paragraphes (5), (8) et (9) dans la mesure maximale permise relativement au règlement, les règles ci-après s’appliquent : a) le débiteur est réputé tirer de la disposition d’immobilisations ou, s’il est un non-résident à la fin de l’année, de biens canadiens imposables un gain en capital pour l’année égal au moins élevé des montants suivants : (i) la partie non appliquée restante du montant remis sur la dette à ce moment, (ii) l’excédent éventuel du total des montants suivants : Income inclusion (A + B - C - D) × E where (A) les pertes en capital du débiteur pour l’année résultant de la disposition de biens, sauf des biens personnels désignés et des biens exclus, (B) le double du montant qui, par l’effet du paragraphe 88(1.2), serait déductible en application de l’alinéa 111(1)b) dans le calcul du revenu imposable du débiteur pour l’année si le revenu et les gains en capital imposables de celui-ci pour l’année étaient suffisants, sur le total des montants suivants : (C) les gains en capital du débiteur pour l’année tirés de la disposition de tels biens, déterminés compte non tenu du présent paragraphe, (D) le total des montants représentant chacun un montant réputé par le présent paragraphe être un gain en capital du débiteur pour l’année du suite de l’application du présent paragraphe au règlement de la dette à ce moment; b) le montant remis sur la dette à ce moment est considéré comme appliqué au titre du présent paragraphe à concurrence du montant qui est réputé par le même paragraphe être un gain en capital du débiteur pour l’année par suite de l’application de ce même paragraphe au règlement de la dette à ce moment. Montant à inclure dans le revenu
An amount transferred in accordance with subsection (8) is not, solely because of that transfer, to be included in computing the income of any taxpayer.
En cas de règlement, à un moment donné d’une année d’imposition, d’une dette commerciale émise par un débiteur, le résultat du calcul suivant est à ajouter dans le calcul du revenu du débiteur pour l’année provenant de la source relativement à laquelle la dette a été émise : (A + B - C - D) × E où : A représente la partie non appliquée restante du montant remis sur la dette à ce moment; B le moins élevé des montants suivants : a) le total des montants indiqués par le débiteur en application du paragraphe (11) relativement au règlement de la dette à ce moment, b) le solde résiduel, à ce moment, relativement au règlement de la dette; C le total des montants représentant chacun un montant indiqué dans une convention produite en application de l’article 80.04 relativement au règlement de la dette à ce moment; Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
Where, at any particular time, a registered disability savings plan is non-compliant as described in subsection (11), (a) the plan ceases, as of the particular time, to be a registered disability savings plan (other than for the purposes of applying, as of the particular time, this subsection and subsection (11)); (b) a disability assistance payment is deemed to have been made from the plan at the time (in this subsection referred to as the “relevant time”) immediately before the particular time to the beneficiary under the plan (or, if the beneficiary is deceased at the relevant time, to the beneficiary’s estate), the amount of which payment is equal to the amount, if any, by which (i) the fair market value of the property held by the plan trust at the relevant time (ii) the assistance holdback amount in relation to the plan; and (c) if the plan is non-compliant because of a payment that is not in accordance with paragraph (4)(j), a disability assistance payment is deemed to have been made from the plan at the relevant time (in addition to the payment deemed by paragraph (b) to have been made) to the beneficiary under the plan (or, if the beneficiary is deceased at the relevant time, to the beneficiary’s estate) (i) the amount of which payment is equal to the amount by which the lesser of (A) the assistance holdback amount in relation to the plan, and (B) the fair market value of the property held by the plan trust at the relevant time (C) the fair market value of the property held by the plan trust immediately after the particular time, and (ii) the non-taxable portion of which is deemed to be nil. Non-compliance
D is E is Residual balance Gross tax attributes Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
A registered disability savings plan is non-compliant (a) at any time that the plan fails to comply with a condition in subsection (4); (b) at any time that there is a failure to administer the plan in accordance with its terms (other than those terms which the plan is required by subparagraph (4)(a)(ii) to stipulate); and (c) at any time that a person fails to comply with a condition or an obligation imposed, with respect to the plan, under the Canada Disability Savings Act, and the specified Minister has notified the Minister that, in the specified Minister’s opinion, it is appropriate that the plan be considered to be non-compliant because of the failure.
Impôt sur le revenu
Where a registered disability savings plan would otherwise be non-compliant at a particular time because of a failure described in paragraph (11)(a) or (b), (a) the Minister may waive the application of the relevant paragraph with respect to the failure, if it is just and equitable to do so; (b) the Minister may deem the failure to have occurred at a later time; (c) if the failure consists of the making of a contribution that is prohibited under any of paragraphs (4)(f) to (h), an amount equal to the amount of the contribution has been withdrawn from the plan within such period as is specified by the Minister and the Minister has approved the application of this paragraph with respect to the failure, (i) the contribution is deemed never to have been made, and (ii) the withdrawal is deemed not to be a disability assistance payment and not to be in contravention of the condition in paragraph (4)(i); or (d) if the failure consists of the plan not being terminated by the time set out in paragraph (4)(p) and the failure was due to the issuer being unaware of, or there being some uncertainty as to, the existence of circumstances requiring that the plan be terminated, (i) the Minister may specify a later time by which the plan is to be terminated (but no later than is reasonably necessary for the plan to be terminated in an orderly manner), and (ii) paragraph (4)(p) and the plan terms are, for the purposes of paragraphs (11)(a) and (b), to be read as though they required the plan to be terminated by the time so specified. Obligations of issuer
The issuer of a registered disability savings plan shall, (a) where an entity becomes a holder of the plan after the plan is entered into, so notify the specified Minister in prescribed form containing prescribed information on or before the day that is 60 days after the later of (i) the day on which the issuer is advised of the entity having become a holder of the plan, and (ii) the day on which the issuer is provided with the new holder’s Social Insurance Number or business number, as the case may be; (b) not amend the plan before having received notification from the Minister that, in the Minister’s opinion, a plan whose terms are identical to the amended plan would, if entered into by entities eligible to enter into a disability savings plan, comply with the conditions in subsection (4); (c) where the issuer becomes aware that the plan is, or is likely to become, non-compliant (determined without reference to paragraph (1)(c) and subsection (12)), notify the Minister and the specified Minister of this fact on or before the day that is 30 days after the day on which the issuer becomes so aware; and (e) if the issuer enters into the plan with a qualifying family member who was a qualifying person in relation to the beneficiary at the time the plan (or another registered disability savings plan of the beneficiary) was entered into solely because of paragraph (c) of the definition qualifying person in subsection (1), or who was a successor holder because of paragraph (4)(b.1), (i) so notify the beneficiary under the plan without delay in writing and include in the notification information setting out the circumstances in which the holder of the plan may be replaced under subsection (1.5) or (1.6), and (ii) collect and use any information provided by the holder of the plan that is relevant to the administration and operation of the plan. Issuer’s liability
If, after reasonable inquiry, an issuer of a disability savings plan is of the opinion that an individual’s contractual competence to enter into a disability savings plan is in doubt, no action lies against the issuer for (a) entering into a plan, under which the individual is the beneficiary, with a qualifying family member who was a qualifying person in relation to the beneficiary at the time the plan (or another registered disability savings plan of the beneficiary) was entered into solely because of paragraph (c) of the definition qualifying person in subsection (1); or (b) allowing a qualifying family member to acquire rights as a successor of the holder of the plan under paragraph (4)(b.1).
advanced life deferred annuity means a contract for an annuity that meets the following conditions: (a) it is issued by a licensed annuities provider; (b) it specifies that it is intended to qualify as an advanced life deferred annuity under this Act; (i) commence to be paid no later than the end of the calendar year in which the annuitant attains 85 years of age, and (ii) are payable for the life of the annuitant or for the lives, jointly, of the annuitant and the annuitant’s spouse or common-law partner; (i) in equal amounts, or (ii) in amounts that are not equal only because the payments (A) are adjusted in whole or in part to reflect (I) increases in the Consumer Price Index, as published by Statistics Canada under the authority of the Statistics Act, or (B) are reduced on the death of the annuitant or the annuitant’s spouse or common-law partner; (e) if an annuity is payable for the lives, jointly, of the annuitant and the annuitant’s spouse or common-law partner and the annuitant dies before payments commence to be paid, then the payments to the annuitant’s spouse or common-law partner shall (i) commence no later than the date that they would have commenced if the annuitant were alive, and (ii) be adjusted in accordance with generally accepted actuarial principles if the payments commence before the date they would have commenced if the annuitant were alive; (f) the amount to be paid, if any, to one or more beneficiaries under the contract after the death of the annuitant — or, in the case of a joint-lives annuity, after the last death of the annuitant and the annuitant’s spouse or common-law partner — shall (i) be paid as soon as practicable after the death of the annuitant or the last death of the annuitant and the annuitant’s spouse or common-law partner, as the case may be, and (ii) not exceed the amount, if any, by which the total amount transferred to acquire the annuity exceeds the total amount of annuity payments made under the contract; (g) it provides that all or part of the amount transferred to acquire the annuity may be refunded, if (i) the refund is paid to reduce the amount of tax that would otherwise be payable by the annuitant under Part XI, and (ii) the refund is (A) paid to the annuitant, or (I) the issuer of a registered retirement savings plan of the annuitant, (III) the administrator of a pooled registered pension plan under which the annuitant is a member, or (IV) the administrator of a money purchase provision of a registered pension plan under which the annuitant is a member; (h) if it provides that the spouse or common-law partner may request a payment in a single amount in full or partial satisfaction of the spouse’s or common-law partner’s entitlement to payments described in subparagraph (c)(ii) as a consequence of the death of the annuitant, then the single amount cannot exceed the present value (at the time the single amount is paid) of the other payments that, as a consequence of the payment of the single amount, cease to be provided; (i) no right under the contract is capable of being assigned, charged, anticipated, given as security or surrendered; and annuitant means an individual who has acquired a contract for an annuity from a licensed annuities provider. (rentier) beneficiary, under a contract for an annuity, means an individual who has a right under the contract to receive a payment after the death of the annuitant or the annuitant’s spouse or common-law partner. (bénéficiaire) Taxable amount — annuity payments
Associés de sociétés de personnes
Amounts (excluding amounts described in paragraph (f) or (g) of the definition advanced life deferred annuity in subsection (1) and including amounts deemed to have been received under paragraph (7)(a)) received by a taxpayer in a taxation year under an advanced life deferred annuity shall be included in computing the income of the taxpayer for the taxation year.
En cas de règlement, au cours de l’exercice d’une société de personnes qui se termine dans une année d’imposition d’un de ses associés, d’une créance commerciale émise par la société de personnes (appelée « créance de la société de personnes » au présent paragraphe), les règles suivantes s’appliquent : a) l’associé peut déduire, dans le calcul de son revenu pour l’année, un montant ne dépassant pas le plafond déterminé relatif à la créance de la société de personnes; b) pour l’application de l’alinéa a), le plafond déterminé relatif à la créance de la société de personnes correspond au montant qui serait inclus dans le calcul du revenu de l’associé pour l’année par suite de l’application du paragraphe (13) et de l’article 96 au règlement de la créance de la société de personnes, si celle-ci avait imputé les montants permis au maximum en vertu des paragraphes (8), (9) et (10) relativement à chaque créance réglée au cours de l’exercice en question, et si le revenu découlant de l’application du paragraphe (13) provenait d’une autre source que toutes les autres sources de revenu de la société de personnes; c) pour l’application du présent article et de l’article 80.04 : (i) l’associé est réputé avoir émis une créance commerciale qui a été réglée à la fin de l’exercice en question, (ii) le montant déduit en application de l’alinéa a) dans le calcul du revenu de l’associé relativement à la créance de la société de personnes est considéré comme le montant remis à la fin de l’exercice en question, (iii) sous réserve du sous-alinéa (iv), la créance visée au sous-alinéa (i) est réputée avoir été émise au même moment et dans les mêmes circonstances que la créance de la société de personnes, (iv) si l’associé est un contribuable qui a été assujetti à un fait lié à la restriction de pertes à un moment donné antérieur à la fois à la fin de l’exercice en question et au moment où le contribuable est devenu l’associé de la société de personnes, et que la créance de la société de personnes a été émise avant le moment donné :
Amounts described in paragraph (f) of the definition advanced life deferred annuity in subsection (1) received by a taxpayer in a taxation year under an advanced life deferred annuity as a result of the death of an individual shall be included in computing the income of (a) the taxpayer for the taxation year, if the taxpayer is (i) the spouse or common-law partner of the individual, or (ii) a child or grandchild of the individual who was, immediately before the death of the individual, financially dependent on the individual for support; and (b) the individual for the taxation year in which the individual died, in any other case.
[Repealed, 1998, c. 19, s. 111] NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations. [R.S., 1985, c. 1 (5th Supp.), s. 80; 1994, c. 7, Sch. II, s. 58; 1995, c. 21, s. 27; 1998, c. 19, s. 111; 1999, c. 22, s. 21; 2001, c. 17, s. 62; 2007, c. 35, s. 219; 2013, c. 34, s. 118; c. 40, s. 36; 2016, c. 12, s. 83; 2023, c. 26, ss. 15, 2024, c. 15, s. 15.] Definitions
The amount of a refund described in clause (g)(ii)(A) of the definition advanced life deferred annuity in subsection (1) that is paid to an annuitant shall be included in the income of the annuitant. Treatment of amount transferred
specified cost at any time to a person of an obligation means, (b) in any other case, the cost amount to the person of the obligation. (coût déterminé) Application (a) paragraphs 80(2)(a), 80(2)(b), 80(2)(j), 80(2)(l) and 80(2)(n) apply; and 25 % de la juste valeur marchande de l’ensemble des actions émises de la société; pour l’application du présent alinéa, une personne est réputée être propriétaire, à un moment donné, de chaque action du capital-actions d’une société qui appartient à ce moment, autrement que par l’effet du présent alinéa, à une autre personne avec laquelle elle a un lien de dépendance. Présomption de règlement en cas de fusion
If an amount is paid in circumstances described in clause (g)(ii)(B) of the definition advanced life deferred annuity in subsection (1), (a) the amount shall not, by reason only of that payment, be included by reason of paragraph 56(1)(z.5) in computing the income of any taxpayer; (b) no deduction may be made under any provision of this Act in respect of the amount in computing the income of any taxpayer; (c) in the case of an amount paid to a registered pension plan, the amount is deemed not to be a contribution for the purpose of applying Parts LXXXIII and LXXXIV of the Income Tax Regulations; and (d) in the case of an amount paid to a registered retirement savings plan or a pooled registered pension plan, the amount shall not be included in determining the amount of the individual’s undeducted RRSP premiums under subsection 204.2(1.2). Deemed payment to beneficiary
Lorsqu’une dette commerciale ou une autre obligation d’un débiteur — qui est une société — de verser une somme à une autre société (appelée le « créancier » au présent paragraphe) est réglée lors de la fusion du débiteur et du créancier, la dette ou l’obligation est réputée avoir été réglée immédiatement avant le moment qui tombe immédiatement avant la fusion par le paiement — effectué par le débiteur et reçu par le créancier — d’une somme égale au montant qui aurait représenté le coût indiqué de la dette ou de l’obligation pour le créancier à ce moment, si à la fois : a) il avait été fait abstraction de l’alinéa e) de la définition de coût indiqué au paragraphe 248(1); b) ce coût indiqué avait compris les montants ajoutés dans le calcul du revenu du créancier relativement à la partie de la dette ou de l’obligation qui représente des intérêts impayés, dans la mesure où ces montants n’ont pas été déduits dans le calcul du revenu du créancier à titre de créances irrécouvrables relativement à ces intérêts impayés. Présomption de règlement en cas de liquidation
An amount is deemed to have been received at a particular time by a beneficiary (as defined in subsection 108(1)) of a deceased annuitant’s estate, and not by the legal representative of the deceased annuitant, if (a) the amount is described in paragraph (f) of the definition advanced life deferred annuity in subsection (1); (b) the amount was paid to the legal representative; (c) the beneficiary is described in paragraph (3)(a); (d) the beneficiary is entitled to the amount in full or partial satisfaction of their rights as a beneficiary under the deceased annuitant’s estate; and (e) the amount is designated jointly by the legal representative and the beneficiary in prescribed form filed with the Minister.
Lorsqu’une filiale fait l’objet d’une liquidation à laquelle s’appliquent les règles énoncées au paragraphe 88(1) et que, selon le cas : a) une dette ou une autre obligation (appelée « dette de la filiale » au présent paragraphe) de la filiale de payer un montant à la société mère; b) une dette ou une autre obligation (appelée « dette de la société mère » au présent paragraphe) de la société mère de payer un montant à la filiale, est réglée à un moment donné par suite de la liquidation sans aucun paiement ou par le paiement d’un montant inférieur au principal de la dette de la filiale ou de la dette de la société mère, selon le cas, les présomptions suivantes s’appliquent : c) lorsque ce paiement est inférieur à ce qu’aurait été le coût indiqué, pour la société mère ou la filiale, de la dette de la filiale ou de la dette de la société mère immédiatement avant ce moment, compte non tenu de l’alinéa e) de la définition de coût indiqué au paragraphe 248(1) et que la société mère en fait le choix sur formulaire prescrit au plus tard le jour où elle est tenue de produire une déclaration de revenu conformément à l’article 150 pour l’année d’imposition qui comprend ce moment, le montant payé à ce moment en règlement du principal de la dette de la filiale ou de la dette de la société mère est réputé égal au montant qui aurait représenté le coût indiqué, pour la société mère ou la filiale, de la dette de la filiale ou de la dette de la société mère immédiatement avant ce moment, selon le cas : (i) il avait été fait abstraction de l’alinéa e) de la définition de coût indiqué au paragraphe 248(1), (ii) ce coût indiqué avait compris les montants ajoutés dans le calcul du revenu de la société mère ou de la filiale relativement à la partie de la dette qui représente des intérêts impayés, dans la mesure où la société mère ou la filiale n’a pas déduit de montants à titre de créances irrécouvrables relativement à ces intérêts impayés; d) pour l’application de l’article 80 à la dette de la filiale, dans les cas où des biens sont attribués à un moment donné dans des circonstances visées aux alinéas 88(1)a) ou b), la dette de la filiale est réputée, si elle est réglée par suite de l’attribution des biens, être réglée immédiatement avant le moment qui tombe immédiatement avant le moment de l’attribution et non à un moment postérieur. Présomption de règlement en cas de liquidation
If an amendment made at any time to a contract results in it no longer meeting the conditions in the definition advanced life deferred annuity in subsection (1), the following rules apply: (a) the annuitant under the contract immediately before that time is deemed to have received under the contract at that time an amount equal to the fair market value of their interest in the contract at that time; and (b) the annuitant is deemed to have acquired their interest in the contract at that time at a cost equal to the fair market value of the interest at that time. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2021, c. 23, s. 34.
Lorsqu’une filiale fait l’objet d’une liquidation à laquelle s’appliquent les règles énoncées au paragraphe 88(1) et que, par suite de la liquidation, une action privilégiée de renflouement émise par la filiale et appartenant à la société mère (ou une action privilégiée de renflouement émise par la société mère et appartenant à la filiale), est réglée à un moment donné sans aucun paiement ou par le paiement d’un montant inférieur au principal de l’action, les présomptions suivantes s’appliquent : a) dans le cas où le paiement est inférieur au prix de base rajusté de l’action pour la société mère ou la filiale, selon le cas, immédiatement avant ce moment, le montant payé à ce moment en règlement du principal de l’action est réputé, pour l’application des dispositions de la présente loi à l’émetteur de l’action, correspondre au prix de base rajusté de l’action pour la société mère ou la filiale, selon le cas; Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION N Rules Relating to Computation of Income
annual FHSA limit of a taxpayer for a taxation year is the least of (a) the amount determined by the formula A is the total of all contributions made to a FHSA in the year by the taxpayer (other than any contributions made after the taxpayer’s first qualifying withdrawal from a FHSA), (i) if the taxpayer’s maximum participation period has not begun in a preceding taxation year, nil, and (ii) in any other case, the amount by which the amount determined under this paragraph for the preceding taxation year exceeds the annual FHSA limit for that taxation year, and C is the total of all designated amounts described in paragraph (b) of the definition designated amount in subsection 207.01(1) for the year, (b) the amount determined by the formula D is the amount of the FHSA carryforward for the taxation year, E is the taxpayer’s net RRSP-to-FHSA transfer amount at the end of the taxation year, and F is the total of all amounts, each of which is an amount determined in respect of each preceding taxation year that is (i) if the taxpayer had not started their maximum participation period in the year, nil, or (ii) in any other case, the lesser of (A) the amount determined by the formula G is the amount determined for E in the year, and H is the amount determined for F in the year, and (B) $8,000 plus the amount of the FHSA carryforward for the year, and (c) nil, if the taxation year is after the year in which (i) the taxpayer’s maximum participation period has ended, or beneficiary under a FHSA means an individual (including an estate) or a qualified donee that has a right to receive a distribution from the FHSA after the death of the holder of the FHSA. (bénéficiaire) FHSA carryforward of a taxpayer for a taxation year is the least of (b) the amount determined by the formula A is the amount determined in paragraph (b) of the definition annual FHSA limit for the preceding taxation year, and B is the amount determined in paragraph (a) of the definition annual FHSA limit for the preceding taxation year plus the total of all contributions made to a FHSA in the preceding taxation year by the taxpayer after the taxpayer’s first qualifying withdrawal from a FHSA, and (c) nil, if the taxpayer had not started their maximum participation period prior to the taxation year. (montant des cotisations reporté) holder of an arrangement means (a) until the death of the individual who entered into the arrangement, the individual; and (b) after the death of the individual, the individual’s survivor, if the survivor is designated under the arrangement to become a successor of the holder and is a qualifying individual. (titulaire) issuer of an arrangement means the person described as the issuer in the definition qualifying arrangement. (émetteur) maximum participation period of an individual means the period that (a) begins when an individual first enters into a qualifying arrangement; and (b) ends at the end of the year following the year in which the earliest of the following events occur: (i) the 14th anniversary of the date the individual first enters into a qualifying arrangement, (ii) the individual attains 70 years of age, and net RRSP-to-FHSA transfer amount of a holder at a particular time means the amount by which (a) the total of all amounts transferred under paragraph 146(16)(a.2), at or before that time, to a FHSA of the holder (b) the total of all amounts designated by the holder under paragraph (a) of the definition designated amount in subsection 207.01(1) at or before that time. non-qualified investment has the same meaning as in subsection 207.01(1). (placement non admissible) qualified investment has the same meaning as in subsection 207.01(1). (placement admissible) qualifying arrangement, at a particular time, means an arrangement (a) that is entered into after March 2023 between a person (in this definition referred to as the “issuer”) and a qualifying individual; (b) that is (i) an arrangement in trust with an issuer that is a corporation licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada the business of offering to the public its services as trustee, (ii) an annuity contract with an issuer that is a licensed annuities provider, or (iii) a deposit with an issuer that is (A) a person that is, or is eligible to become, a member of the Canadian Payments Association, or (B) a credit union that is a shareholder or member of a body corporate referred to as a “central” for the purposes of the Canadian Payments Act; (c) that provides for contributions to be made under the arrangement to the issuer in consideration of, or to be used, invested or otherwise applied for the purpose of, the issuer making distributions under the arrangement to the holder; (d) under which the issuer and the qualifying individual agree, at the time the arrangement is entered into, that the issuer will file with the Minister an election to register the arrangement as a FHSA, in the prescribed form and manner under the Social Insurance Number of the qualifying individual with whom the arrangement was entered into; and (e) that, at all times throughout the period that begins at the time the arrangement is entered into and that ends at the particular time, complies with the conditions in subsection (2). (arrangement admissible) qualifying home means (a) a housing unit located in Canada; or (b) a share of the capital stock of a cooperative housing corporation, the holder of which is entitled to possession of a housing unit located in Canada, except that, where the context so requires, a reference to a share with a right to possession of a housing unit described means the housing unit to which the share relates. (habitation admissible) qualifying individual, at a particular time, means an individual who (a) is a resident of Canada; (b) is at least 18 years of age; and (c) did not, at any prior time in the calendar year or in the preceding four calendar years, inhabit as a principal place of residence a qualifying home (or what would be a qualifying home if it were located in Canada) that was owned, whether jointly with another person or otherwise, by qualifying withdrawal of an individual means an amount received at a particular time by the individual as a benefit out of or under a FHSA if (a) the amount is received as a result of the individual's written request in prescribed form in which the individual sets out the location of a qualifying home that the individual has begun, or intends not later than one year after its acquisition by the individual to begin, using as a principal place of residence; (i) is a resident of Canada throughout the period that begins at the particular time and ends at the earlier of the time of the individual's death and the time at which the individual acquires the qualifying home, and (ii) does not have an owner-occupied home within the meaning of paragraph 146.01(2)(a.1) in the period (A) that begins at the beginning of the fourth preceding calendar year that ended before the particular time, and (B) that ends on the 31st day before the particular time; (c) the individual entered into an agreement in writing before the particular time for the acquisition or construction of the qualifying home before October 1 of the calendar year following the year in which the amount was received; and (d) the individual did not acquire the qualifying home more than 30 days before the particular time. (retrait admissible) survivor of a holder means another individual who is, immediately before the holder’s death, a spouse or common-law partner of the holder. (survivant) Qualifying arrangement conditions
(a) paragraph (b) applies if Impôt sur le revenu
For the purposes of paragraph (e) of the definition qualifying arrangement in subsection (1), the conditions are as follows: (a) the arrangement requires that it be maintained for the exclusive benefit of the holder (determined without regard to any right of a person to receive a payment out of or under the arrangement only on or after the death of the holder); (b) the arrangement prohibits, while there is a holder of the arrangement, anyone that is neither the holder nor the issuer of the arrangement from having rights under the arrangement relating to the amount and timing of distributions and the investing of funds; (c) the arrangement prohibits anyone other than the holder from making contributions under the arrangement; (d) the arrangement permits distributions to be made to reduce the amount of tax otherwise payable by the holder under section 207.021; (e) the arrangement provides that, at the direction of the holder, the issuer shall transfer all or any part of the property held in connection with the arrangement (or an amount equal to its value) to another FHSA of the holder or to an RRSP or a RRIF under which the holder is the annuitant; (f) if the arrangement is an arrangement in trust, it prohibits the trust from borrowing money or other property for the purposes of the arrangement; (g) the arrangement provides that it ceases to be a FHSA after the end of the holder’s maximum participation period; (h) the arrangement, if it involves an issuer described in subparagraph (b)(iii) of the definition qualifying arrangement in subsection (1), includes provisions stipulating that the issuer has no right of offset with respect to the property held under the arrangement in connection with any debt or obligation owing to the issuer; and (i) the arrangement meets prescribed conditions. Trust not taxable
No tax is payable under this Part by a trust that is governed by a FHSA on its taxable income for a taxation year, except that, if at any time in the taxation year, it carries on one or more businesses in the trust or owns properties that are non-qualified investments for the trust, tax is payable under this Part by the trust on the amount that would be its taxable income for the taxation year if it had no incomes or losses from sources other than those businesses and properties, and no capital gains or capital losses other than from dispositions of those properties, and for that purpose, (a) income includes dividends described in section 83; (b) the trust’s taxable capital gain or allowable capital loss from the disposition of a property is equal to its capital gain or capital loss, as the case may be, from the disposition; and Amount credited to a deposit (3.1) An amount that is credited or added to a deposit that is a FHSA as interest or other income in respect of the FHSA is deemed not to be received by the holder of the FHSA or any other person solely because of that crediting or adding. Carrying on a business
If tax is payable under this Part for a taxation year by application of subsection (3) by a trust that is governed by a FHSA that carries on one or more businesses at any time in the taxation year, (a) the holder of the FHSA is jointly and severally, or solidarily, liable with the trust to pay each amount payable under this Act by the trust that is attributable to that business or those businesses; and (b) the issuer’s liability at any time for amounts payable under this Act in respect of that business or those businesses may not exceed the total of (i) the amount of property of the trust that the issuer is in possession or control of at that time in its capacity as legal representative of the trust, and (ii) the total amount of all distributions of property from the trust on or after the date that the notice of assessment was sent in respect of the taxation year and before that time.
There may be deducted in computing a taxpayer’s income for a taxation year an amount not exceeding the lesser of (a) the amount determined by the formula A is the total of all amounts each of which is the taxpayer’s annual FHSA limit for the year and each preceding taxation year, and B is the total of all amounts each of which is an amount deducted under this subsection in computing the individual’s income for preceding taxation years, and (b) the amount by which $40,000 exceeds the total of (i) the amount determined for B in paragraph (a), and (ii) the taxpayer’s net RRSP-to-FHSA transfer amount as at the end of the year. Withdrawals included in income
b) pour l’application de l’article 80 à l’action, cette action est réputée, si elle est réglée par suite de l’attribution de biens, effectuée dans les circonstances visées aux alinéas 88(1)a) ou 88(1)b), avoir été réglée immédiatement avant le moment qui tombe immédiatement avant le moment de l’attribution et non à un moment postérieur. Règlement réputé — fait lié à la conversion d’une EIPD fiduciaire (5.1) Si une fiducie qui est une EIPD convertible est le seul bénéficiaire d’une autre fiducie (appelée « fiducie filiale » au présent paragraphe) et qu’un immobilisation, qui est une dette ou une autre obligation (appelée « obligation de la fiducie filiale » au présent paragraphe) de la fiducie filiale de payer un montant à l’EIPD convertible, est réglée à un moment donné, par suite d’une distribution de la fiducie filiale qui constitue un fait lié à la conversion d’une EIPD-fiducie, sans qu’il y ait paiement d’une somme ou au moyen du paiement d’une somme inférieure au principal de l’obligation de la fiducie filiale : a) l’alinéa b) s’applique si, à la fois : (i) le paiement est inférieur à la somme qui aurait correspondu au prix de base rajusté, pour l’EIPD convertible, de l’obligation de la fiducie filiale immédiatement avant ce moment donné, (ii) l’EIPD convertible choisit de se prévaloir de l’alinéa b) sur formulaire prescrit au plus tard à la date d’échéance de production qui lui est applicable pour l’année d’imposition qui comprend le moment donné; b) en cas d’application du présent alinéa, la somme payée au même moment en règlement du principal de l’obligation de la fiducie filiale est réputée être égale à la somme qui correspondrait au prix de base rajusté de cette obligation pour l’EIPD convertible immédiatement avant ce moment si ce prix de base rajusté comprenait des sommes ajoutées dans le calcul du revenu de l’EIPD convertible au titre de la partie de la dette représentant des intérêts impayés, dans la mesure où l’EIPD convertible n’a pas déduit de sommes à titre de créances irrécouvrables relativement à ces intérêts impayés; c) pour l’application de l’article 80 à l’obligation de la fiducie filiale, cette obligation est réputée avoir été réglée immédiatement avant le moment immédiatement avant la distribution. (i) the obligation is a specified obligation of the debtor, and (ii) the holder of the obligation Dette déterminée quant au remisage de dettes
There shall be included in computing the income of a taxpayer for a taxation year the total of all amounts received by the taxpayer in the year out of or under a FHSA of which the taxpayer is the holder, other than an amount that is (a) a qualifying withdrawal; (b) a designated amount as defined in subsection 207.01(1); or (c) otherwise included in computing the income of the taxpayer. Transfer of amounts
Pour l’application du paragraphe (7), une dette émise par un débiteur constitue, à un moment donné, une dette déterminée de celui-ci si, selon le cas : a) l’un des faits suivants se vérifie à un moment antérieur, sauf un moment antérieur au moment éventuel où la dette est devenue, pour la dernière fois, une dette remise avant le moment donné : (i) une personne qui était propriétaire de la dette : (A) d’une part, n’avait aucun lien de dépendance avec le débiteur, (B) d’autre part, si le débiteur est une société, n’avait pas une participation notable dans le débiteur, (ii) la dette a été acquise par son détenteur d’une autre personne qui, au moment de cette acquisition, n’était pas liée au détenteur ou n’était liée à celui-ci que par l’effet de l’alinéa 251(5)b); b) la dette est réputée par le paragraphe 50(1) avoir été acquise de nouveau à ce moment. Dette remise
Subsection (8) applies to an amount transferred at a particular time from a FHSA (in this subsection referred to as the “transferor FHSA”) if the following conditions are met: (a) the amount is transferred on behalf of an individual who is (ii) a spouse or common-law partner or former spouse or common-law partner of the holder of the transferor FHSA and who is entitled to the amount under a decree, order or judgment of a competent tribunal, or under a written agreement, relating to a division of property between the holder and the individual, in settlement of rights arising out of, or on a breakdown of, their marriage or common-law partnership, or (iii) entitled to the amount as a consequence of the death of the holder of the transferor FHSA and was a spouse or common-law partner of the holder immediately before the death; (b) the amount is transferred directly to (i) another FHSA of the individual, or (ii) an RRSP or a RRIF under which the individual is the annuitant; and (c) if the transfer is not made to another FHSA of the holder of the transferor FHSA, the amount does not exceed the amount determined by the formula A is the amount that is the total fair market value, immediately before the particular time, of all property held by a FHSA under which the last holder of the transferor FHSA is the last holder, and B is the excess FHSA amount (as defined in subsection 207.01(1)) of the last holder of the transferor FHSA immediately before the particular time. Tax-free transfer
Pour l’application du présent paragraphe et des paragraphes (6), (8) et (10) : a) une dette émise par un débiteur est une dette remise à un moment donné si les conditions suivantes sont réunies à ce moment : (i) la dette est une dette déterminée du débiteur, (ii) le détenteur de la dette : (A) soit a un lien de dépendance avec le débiteur, (B) soit, si le débiteur est une société et que le détenteur a acquis la dette après le 12 juillet 1994, autrement qu’en conformité avec une convention écrite conclue au plus tard à cette date, a une participation notable dans le débiteur; b) une dette qui, à un moment donné, est acquise ou acquise de nouveau dans les circonstances visées au sous-alinéa (6)a)(ii) ou à l’alinéa (6)b) est réputée, si elle constitue une dette remise immédiatement après ce moment, être devenue une dette remise à ce moment, indépendamment du fait qu’elle ait été une telle dette immédiatement avant ce moment. Statute-barred debt
If this subsection applies to an amount transferred from a FHSA, (a) the amount shall not, by reason only of the transfer, be included in computing the income of any taxpayer; and (b) no deduction may be made under this Part in respect of the amount in computing the income of any taxpayer. Taxable transfer
where --- Présomption de règlement après le remisage de dettes
If an amount is transferred from a FHSA to a plan or fund (in this subsection referred to as the “transferee plan”) that is a FHSA, RRSP or RRIF and subsection (8) does not apply to the amount transferred, (a) the amount is deemed to have been received from the FHSA by the holder of the FHSA; (b) the holder or annuitant of the transferee plan is deemed to have paid the amount as a contribution or premium to the transferee plan; and (c) in the case that the transferee plan is a RRIF, for the purposes of subsection 146(5) and Part X.1, the annuitant of the transferee plan is deemed to have paid the amount at the time of the transfer as a premium under a RRSP under which the annuitant is the annuitant (as defined in subsection 146(1)). Apportionment of transferred amount
Lorsque, à un moment donné après le 21 février 1994, une créance commerciale émise par un débiteur devient une dette remisée, autrement qu’en conformité avec une convention écrite conclue avant le 22 février 1994, et que le coût déterminé de la créance pour son détenteur au moment donné représente moins de 80 % de son principal, les règles suivantes s’appliquent pour l’application des dispositions de la présente loi au débiteur : a) la créance est réputée avoir été réglée au moment donné; b) le montant remis sur la créance au moment donné est calculé comme si le débiteur avait payé, à ce moment, en règlement du principal de la créance, un montant égal à ce coût déterminé. Dette frappée de prescription
If an amount is transferred from a FHSA to another FHSA, or to a RRSP or RRIF, and a portion but not all of the amount is transferred in accordance with subsection (7), (a) subsection (8) applies to the portion of the amount transferred in accordance with subsection (7), and (b) subsection (9) applies with respect to the remainder of the amount. Security for loan
La créance commerciale émise par un débiteur et payable à une personne autre qu’une personne avec laquelle le débiteur est lié à un moment donné après le 21 février 1994 devient inexécutoire par suite de la négligence ou de l’omission d’un créancier en vertu d’un délai de prescription prévu par une loi et qui, n’eût été le présent paragraphe, n’aurait pas été réglée ou éteinte à ce moment, est réputée, pour l’application des dispositions de la présente loi au débiteur, avoir été réglée à ce moment. Paiements subséquents en règlement d’une créance
If at any time in a taxation year a trust governed by a FHSA uses or permits to be used any property of the trust as security for a loan, the fair market value of the property at the time it commenced to be so used shall be included in computing the income for the year of the holder of the FHSA at that time. Recovery of property used as security
Lorsqu’une créance commerciale émise par un débiteur est réputée par les paragraphes (8) ou (9) avoir été réglée pour la première fois à un moment donné, que, à un moment ultérieur, un montant est payé par le débiteur en règlement du principal de la créance et qu’il n’est pas raisonnable de considérer que l’un des motifs pour lesquels la créance a été remisée ou est devenue inexécutoire, selon le cas, avant ce moment ultérieur était de faire en sorte que le présent paragraphe s’applique au paiement, le résultat du calcul suivant peut être déduit dans le calcul du revenu du débiteur, pour l’année d’imposition (appelée « année ultérieure » au présent paragraphe) qui comprend ce moment ultérieur, provenant de la source relativement à laquelle la créance a été émise : 0,5(A - B) - C où : A représente le montant du paiement; B l’excédent éventuel du principal de la créance sur le total des montants suivants : Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
If in a taxation year a property described in subsection (11) ceases to be used as security for a loan, there may be deducted, in computing the income of the holder of the relevant FHSA for the taxation year, an amount equal to the amount determined by the formula A is the amount included by application of subsection (11) in computing the income of the holder as a consequence of the property being used as security for a loan; and B is the net loss (exclusive of payments by the trust as or on account of interest) sustained by the trust in consequence of its using the property, or permitting it to be used, as security for the loan and not as a result of a change in the fair market value of the property.
Foreign currency gains and losses Impôt sur le revenu
If the holder of a FHSA dies and the holder’s survivor is designated as the successor holder of the FHSA, the survivor is, immediately after the time of death, deemed to have entered into a new qualifying arrangement in respect of the FHSA unless (a) the survivor is a qualifying individual at that time and (i) no contributions or transfers are made to the FHSA by the survivor after that time, (ii) no qualifying withdrawals are made from the FHSA after that time, and (iii) the balance of the FHSA is transferred to a RRSP or RRIF of the survivor or distributed to the survivor in accordance with subsection (14), by the end of the year following the year of death; or (b) the survivor is not a qualifying individual at that time, in which case the balance of the FHSA is to be transferred to a FHSA, RRSP or RRIF of the survivor, or distributed to the survivor in accordance with subsection (14), by the end of the year following the year of death. Distribution on death
If, as a consequence of the death of the holder of a FHSA, an amount is distributed in a taxation year from the FHSA to, or on behalf of, a beneficiary, the amount shall be included in computing the beneficiary's income for the year. Deemed transfer or distribution
If an amount is distributed at any time from the FHSA of a deceased holder to the holder's legal representative and a survivor of the holder is entitled to all or a portion of the amount in full or partial satisfaction of the survivor's rights as a person beneficially interested under the deceased's estate, the following rules apply: (a) if a payment is made from the estate to a FHSA, RRSP or RRIF of the survivor, the payment is deemed to be a transfer from the FHSA to the extent that it is so designated jointly by the legal representative and the survivor in prescribed form filed with the Minister; and (b) if a payment is made from the estate to the survivor, the payment is deemed for the purposes of subsection (14) to be a distribution to the survivor as a beneficiary to the extent that it is so designated jointly by the legal representative and the survivor in prescribed form filed with the Minister; and (c) for the purposes of subsection (14), the amount distributed to the legal representative from the FHSA is deemed to be reduced by the amounts designated in paragraphs (a) and (b).
An arrangement that was filed with the Minister as a FHSA ceases to be a FHSA at (a) subject to paragraph (b), the earliest of the following times: (ii) the end of the year following the year of the death of the last holder, (iii) the time at which the arrangement ceases to be a qualifying arrangement, or (iv) the time at which the arrangement is not administered in accordance with the conditions in subsection (2); or (b) a later time specified by the Minister in writing.
a) le total des montants représentant chacun un montant remis, à un moment qui fait partie de la période qui a commencé au moment donné et s’est terminée immédiatement avant le moment ultérieur et une partie donnée de la créance est réputée réglée par les paragraphes (8) ou (9), relativement à cette partie, b) les montants payés en règlement du principal de la créance au cours de la période visée à l’alinéa a); C l’excédent éventuel du total des montants suivants : a) les montants déduits en application de l’article 61.3 dans le calcul du revenu du débiteur pour l’année ultérieure ou une année d’imposition antérieure, b) les montants ajoutés par l’effet du paragraphe 80(13) dans le calcul du revenu du débiteur pour l’année ultérieure ou une année d’imposition antérieure relativement au règlement visé aux paragraphes (8) ou (9) au cours d’une période pendant laquelle le débiteur était un non-résident (à l’exception de ceux de ces montants qui ont été ajoutés dans le calcul du revenu imposable du débiteur ou de son revenu imposable gagné au Canada), c) les montants ajoutés par l’effet du paragraphe 80(13) dans le calcul du revenu du débiteur pour l’année ultérieure ou une année d’imposition antérieure relativement au règlement visé aux paragraphes (8) ou (9) au cours d’une période pendant laquelle le débiteur était un non-résident (à l’exception de ceux de ces montants qui ont été ajoutés dans le calcul du revenu imposable du débiteur ou de son revenu imposable gagné au Canada), sur le total des montants suivants : d) le montant déduit par l’effet de l’alinéa 37(1) f.1) dans le calcul du solde déterminé selon le paragraphe 37(1) relativement au débiteur immédiatement après l’année ultérieure, e) les montants qui, en raison du présent alinéa, ont réduit le montant du montant déductible en application du présent paragraphe dans le calcul du revenu du débiteur pour l’année ultérieure ou une année antérieure relativement à un paiement qu’il a effectué avant le moment ultérieur. Gains et pertes en monnaie étrangère
If an arrangement ceases at a particular time to be a FHSA, (a) subsections (3) and (3.1) do not apply in respect of that arrangement after the particular time; (b) if the taxpayer who was the last holder under the arrangement is not deceased at the particular time, an amount equal to the fair market value of all the property of the arrangement, determined at that time, is deemed for the purposes of subsection 146.6(6) to be received at that time by the taxpayer out of or under the FHSA; (c) if the last holder is deceased at the particular time, the proportion of the fair market value of all the property of the arrangement that a beneficiary is entitled to, determined at that time, is deemed for the purposes of subsection 146.6(14) to be distributed at that time from the FHSA to the beneficiary; (i) the trust is deemed to have disposed, immediately before the particular time, of each property held by the trust for proceeds equal to the property’s fair market value immediately before the particular time, (ii) the trust is deemed to have acquired, at the particular time, each such property at a cost equal to that fair market value, (iii) the trust’s last taxation year that began before the particular time is deemed to have ended immediately before the particular time, and (iv) a taxation year of the trust is deemed to begin at the particular time; and (e) if the arrangement is a deposit or contract, (i) the arrangement is deemed to have been disposed of immediately before the particular time for proceeds equal to its fair market value immediately before the particular time, (ii) if the arrangement is an annuity contract, the contract is deemed to be a separate annuity contract issued and effected at the particular time otherwise than pursuant to or as a FHSA, and (iii) each person who has an interest or, for civil law, a right in the separate annuity contract or deposit, as the case may be, at the particular time is deemed to acquire the interest at the particular time at a cost equal to its fair market value at the particular time. Regulations
Lorsqu’une dette émise par un débiteur est libellée en monnaie étrangère et qu’elle est réputée par les Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income Sections 80.01-80.02 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1995, c. 21, s. 272; 2001, c. 17, s. 59; 2009, c. 2, s. 17. Definitions exceeds Impôt sur le revenu
The Governor in Council may make regulations requiring issuers of FHSAs to file information returns in respect of FHSAs. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2022, c. 19, s. 31; 2024, c. 15, s. 46. deferred profit sharing plan means a profit sharing plan accepted by the Minister for registration for the purposes of this Act, on application therefor in prescribed manner by a trustee under the plan and an employer of employees who are beneficiaries under the plan, as complying with the requirements of this section; (régime de participation différée aux bénéfices) forfeited amount, under a deferred profit sharing plan or a plan the registration of which has been revoked pursuant to subsection 147(14) or 147(14.1), means an amount to which a beneficiary under the plan has ceased to have any rights, other than the portion thereof, if any, that is payable as a consequence of the death of the beneficiary to a person who is entitled thereto by virtue of the participation of the beneficiary in the plan; (montant perdu) licensed annuities provider means a person licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada an annuities business; (fournisseur de rentes autorisé) profit sharing plan means an arrangement under which payments computed by reference to an employer’s profits from the employer’s business, or by reference to those profits and the profits, if any, from the business of a corporation with which the employer does not deal at arm’s length, are or have been made by the employer to a trustee in trust for the benefit of employees or former Participating employer (1.1) An employer is considered to participate in a profit sharing plan where the employer makes or has made payments under the plan to a trustee in trust for the benefit of employees or former employees of the employer. Acceptance of plan for registration
The Minister shall not accept for registration for the purposes of this Act any profit sharing plan unless, in the Minister’s opinion, it complies with the following conditions: (a) the plan provides that each payment made under the plan to a trustee in trust for the benefit of beneficiaries thereunder is the total of amounts each of which is required to be allocated by the trustee in the year in which it is received by the trustee, to the individual beneficiary in respect of whom the amount was so paid; (a.1) the plan includes a stipulation that no contribution may be made to the plan other than (i) a contribution made in accordance with the terms of the plan by an employer for the benefit of the employer’s employees who are beneficiaries under the plan, or (ii) an amount transferred to the plan in accordance with subsection 147(19); (b) the plan does not provide for the payment of any amount to an employee or other beneficiary thereunder by way of loan; (c) the plan provides that no part of the funds of the trust governed by the plan may be invested in notes, bonds, debentures, bankers’ acceptances or similar obligations of (i) an employer by whom payments are made in trust to a trustee under the plan for the benefit of beneficiaries thereunder, or (ii) a corporation with which that employer does not deal at arm’s length; (d) the plan provides that no part of the funds of the trust governed by the plan may be invested in shares of a corporation at least 50% of the property of which consists of notes, bonds, debentures, bankers’ acceptances or similar obligations of an employer or a corporation described in paragraph 147(2)(c); (e) the plan includes a provision stipulating that no right of a person under the plan is capable of any surrender or assignment other than (i) an assignment under a decree, an order or a judgment of a competent tribunal, or under a written agreement, that relates to a division of property between an individual and the individual’s spouse or common-law partner, or former spouse or common-law partner, in settlement of rights that arise out of, or on a breakdown of, their marriage or common-law partnership, (ii) an assignment by a deceased individual’s legal representative on the distribution of the individual’s estate, and (f) the plan includes a provision stipulating that each of the trustees under the plan shall be resident in Canada; (g) the plan provides that, if a corporation licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada the business of offering to the public its services as trustee is not a trustee under the plan, there shall be at least 3 trustees under the plan who shall be individuals; (h) the plan provides that all income received, capital gains made and capital losses sustained by the trust governed by the plan must be allocated to beneficiaries under the plan on or before a day 90 days after the end of the year in which they were received, made or sustained, as the case may be, to the extent that they have not been allocated in years preceding that year; (i) the plan provides that each amount allocated or reallocated by a trustee under the plan to a beneficiary under the plan vests irrevocably in that beneficiary, (i) in the case of an amount allocated or reallocated before 1991, at a time that is not later than 5 years after the end of the year in which it was allocated or reallocated, unless the beneficiary becomes, before that time, an individual who is not an employee of any employer who participates in the plan, and (ii) in the case of any other amount, not later than the later of the time of allocation or reallocation and the day on which the beneficiary completes a period of 24 consecutive months as a beneficiary under the plan or under any other deferred profit sharing plan for which the plan can reasonably be considered to have been substituted; (i.1) the plan requires that each forfeited amount under the plan and all earnings of the plan reasonably attributable thereto be paid to employers who participate in the plan, or be reallocated to beneficiaries under the plan, on or before the later of December 31, 1991 and December 31 of the year immediately following the calendar year in which the amount is forfeited, or such later time as is permitted in writing by the Minister under subsection 147(2.2); (j) the plan provides that a trustee under the plan inform, in writing, all new beneficiaries under the plan of their rights under the plan; (k) the plan provides that, in respect of each beneficiary under the plan who has been employed by an employer who participates in the plan, all amounts vested under the plan in the beneficiary become payable (ii) in the event of the beneficiary’s death, to another person designated by the beneficiary or to the beneficiary’s estate, not later than the earlier of (iii) the end of the year in which the beneficiary attains 71 years of age, and (iv) 90 days after the earliest of (A) the death of the beneficiary, (B) the day on which the beneficiary ceases to be employed by an employer who participates in the plan where, at the time of ceasing to be so employed, the beneficiary is not employed by another employer who participates in the plan, and (C) the termination or winding-up of the plan, except that the plan may provide that, on election by the beneficiary, all or any part of the amounts payable to the beneficiary may be paid (v) in equal instalments payable not less frequently than annually over a period not exceeding 10 years from the day on which the amount became payable, (vi) by a trustee under the plan to a licensed annuities provider to purchase for the beneficiary an annuity (other than an advanced life deferred annuity), if (A) payment of the annuity is to begin not later than the end of the year in which the beneficiary attains 71 years of age, and (B) the guaranteed term, if any, of the annuity does not exceed 15 years; (k.1) the plan requires that no benefit or loan, other than (i) a benefit the amount of which is required to be included in computing the beneficiary’s income, (ii.1) an amount paid pursuant to or under the plan by a trustee under the plan to a licensed annuities provider to purchase for a beneficiary under the plan an annuity to which subparagraph (k)(vi) or (19)(d)(v) applies, (iii) a benefit derived from an allocation or reallocation referred to in subsection 147(2), or (iv) the benefit derived from the provision of administrative or investment services in respect of the plan that is conditional in any way on the existence of the plan may be extended to a beneficiary thereunder or to a person with whom the beneficiary was not dealing at arm’s length; (k.2) the plan provides that no individual who is (i) a person related to the employer, (ii) a person who is, or is related to, a specified shareholder of the employer or of a corporation related to the employer, (iii) where the employer is a partnership, a person related to a member of the partnership, or (iv) where the employer is a trust, a person who is, or is related to, a beneficiary under the trust may become a beneficiary under the plan; and (l) the plan, in all other respects, complies with regulations of the Governor in Council made on the recommendation of the Minister of Finance. (2.1) The Minister shall not accept for registration for the purposes of this Act a profit sharing plan unless it includes terms that are adequate to ensure that the requirements of subsection 147(5.1) in respect of the plan will be satisfied for each calendar year. (2.2) The Minister may, on written application, extend the time for satisfying the requirements of paragraph 147(2)(i.1) where (a) the total of the forfeited amounts arising in a calendar year is greater than normal because of unusual circumstances; and (b) the forfeited amounts are to be reallocated on a reasonable basis to a majority of beneficiaries under the plan. Acceptance of employees profit sharing plan for registration
The Minister shall not accept for registration for the purposes of this Act any employees profit sharing plan unless all the capital gains of or made by the trust governed by the plan before the date of application for registration of the plan and all the capital losses of or sustained by the trust before that date have been allocated by the trustee under the plan to employees and other beneficiaries thereunder.
For the purposes of subsections 147(3) and 147(11), such amount as may be determined by the Minister, on request in prescribed manner by the trustee of a trust governed by an employees profit sharing plan, shall be deemed to be the amount of (a) the capital gains of or made by the trust governed by the plan before the date of application for registration of the plan, or (b) the capital losses of or sustained by the trust before that date, as the case may be.
paragraphes (8) ou (9) avoir été réglée, ces paragraphes ne s’appliquent pas aux fins du calcul du gain ou d’une perte du débiteur résultant du règlement qui est attribuable à une fluctuation de la valeur de la monnaie étrangère par rapport à la valeur du dollar canadien. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1995, ch. 21, art. 272; 2001, ch. 17, art. 59; 2009, ch. 2, art. 17. Définitions
Where a profit sharing plan is accepted by the Minister for registration as a deferred profit sharing plan, the plan shall be deemed to have become registered as a deferred profit sharing plan (a) on the date the application for registration of the plan was made; or (b) where in the application for registration a later date is specified as the date on which the plan is to commence as a deferred profit sharing plan, on that date. (5.1) For the purposes of subsections 147(2.1) and 147(9) and paragraph 147(14)(c.4), the requirements of this subsection in respect of a deferred profit sharing plan are satisfied for a calendar year if, in the case of each beneficiary under the plan and each employer in respect of whom the beneficiary’s pension credit (as prescribed by regulation) for the year under the plan is greater than nil, (a) the total of all amounts each of which is the beneficiary’s pension credit (as prescribed by regulation) for the year in respect of the employer under a deferred profit sharing plan does not exceed the lesser of (i) 1/2 of the money purchase limit for the year, (ii) 18% of the amount that would be the beneficiary’s compensation (within the meaning assigned by subsection 147.1(1)) from the employer for the year if the definition compensation in subsection 147.1(1) were read without reference to paragraph (b) of that definition; (b) the total of all amounts each of which is the beneficiary’s pension credit (as prescribed by regulation) for the year under a deferred profit sharing plan in respect of (i) the employer, or (ii) any other employer who, at any time in the year, does not deal at arm’s length with the employer does not exceed 1/2 of the money purchase limit for the year; and (c) the total of (i) the beneficiary’s pension adjustment for the year in respect of the employer, and (ii) the total of all amounts each of which is the beneficiary’s pension adjustment for the year in respect of any other employer who, at any time in the year, does not deal at arm’s length with the employer does not exceed the lesser of (iii) the money purchase limit for the year, and (iv) 18% of the total of all amounts each of which is the beneficiary’s compensation (within the meaning assigned by subsection 147.1(1)) for the year from the employer or any other employer referred to in subparagraph 147(5.1)(c)(ii). Deferred plan not employees profit sharing plan
Règles générales concernant les actions privilégiées de renflouement
For a period during which a plan is a deferred profit sharing plan, the plan shall be deemed, for the purposes of this Act, not to be an employees profit sharing plan. No tax while trust governed by plan
Pour l’application des dispositions de la présente loi à l’émetteur d’une action privilégiée de renflouement : a) le principal de l’action à un moment donné est réputé correspondre au montant (déterminé à ce moment) pour lequel l’action a été émise; b) le montant pour lequel l’action a été émise est réputé correspondre, à tout moment, au total des montants suivants : (i) le montant pour lequel l’action a été émise, déterminé compte non tenu du présent alinéa, (ii) les montants qui sont venus augmenter le capital versé au titre de l’action après l’émission de celle-ci et avant ce moment, sur : (iii) le total des montants représentant chacun un montant payé avant ce moment lors d’une réduction du capital versé au titre de l’action, sauf dans la mesure où le montant est réputé par l’article 84 avoir été payé à titre de dividende; c) l’action est réputée réglée au moment où l’émetteur la rachète, l’acquiert ou l’annule; d) un paiement effectué en règlement du principal de l’action tout paiement effectué lors d’une réduction du capital versé au titre de l’action, dans la mesure où il représenterait le produit de disposition de l’action, au sens de l’article 54, compte non tenu de l’alinéa j) de cette définition. Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
No tax is payable under this Part by a trust on the taxable income of the trust for a period during which the trust was governed by a deferred profit sharing plan.
Definitions --- Impôt sur le revenu
Subject to subsection 147(9), the may be deducted in computing the income of an employer for a taxation year the total of all amounts each of which is an amount paid by the employer in the year or within 120 days after the end of the year to a trustee under a deferred profit sharing plan for the benefit of the employer’s employees who are beneficiaries under the plan, to the extent that the amount was paid in accordance with the terms of the plan and was not deducted in computing the employer’s income for a preceding taxation year. Limitation on deduction
Where the requirements of subsection 147(5.1) in respect of a deferred profit sharing plan are not satisfied for a calendar year by reason that the pension credits of a beneficiary under the plan in respect of a particular employer do not comply with paragraph 147(5.1)(a) or the beneficiary’s pension credits or pension adjustments in respect of a particular employer and other employers who do not deal at arm’s length with the particular employer do not comply with paragraph 147(5.1)(b) or 147(5.1)(c), the particular employer is not entitled to a deduction under subsection 147(8) in computing the particular employer’s income for any taxation year in respect of an amount paid to a trustee under the plan in the calendar year except to the extent expressly permitted in writing by the Minister, and, for the purposes of this subsection, an amount paid to a trustee of a deferred profit sharing plan in the first two months of a calendar year shall be deemed to have been paid in the immediately preceding year and not to have been paid in the year to the extent that the amount can reasonably be considered to be in respect of the immediately preceding year. (9.1) Notwithstanding subsection 147(8), no deduction shall be made in computing the income of an employer for a taxation year in respect of an amount paid by the employer for the year to a trustee under a deferred profit sharing plan in respect of a beneficiary who is described in paragraph 147(2)(k.2) in respect of the plan. Amounts received taxable
There shall be included in computing the income of a beneficiary under a deferred profit sharing plan for a taxation year the amount, if any, by which (a) the total of all amounts received by the beneficiary in the year from a trustee under the plan (other than as a result of acquiring an annuity described in subparagraph 147(2)(k)(vi) under which the beneficiary is the annuitant) (b) the total of all amounts each of which is an amount determined for the year under subsection 147(10.1), 147(11) or 147(12) in relation to the plan and in respect of the beneficiary. Single payment on retirement, etc. (10.1) For the purposes of subsections 147(10) and 147(10.2), where a beneficiary under a deferred profit sharing plan has received, in a taxation year and when the beneficiary was resident in Canada, from a trustee under the plan a single payment that included shares of the capital stock of a corporation that was an employer who contributed to the plan or of a corporation with which the employer did not deal at arm’s length on the beneficiary’s withdrawal from the plan or retirement from employment or on the death of an employee or former employee and has made an election in respect thereof in prescribed manner and prescribed form, the amount determined for the year under this subsection in relation to the plan and in respect of the beneficiary is the amount, if any, by which the fair market value of those shares, immediately before the single payment was made, exceeds the cost amount to the plan of those shares at that time. (10.2) Where a trustee under a deferred profit sharing plan has at any time in a taxation year made under the plan a single payment that included shares referred to in subsection 147(10.1) to a beneficiary who was resident in Canada at the time and the beneficiary has made an election under that subsection in respect of that payment, (a) the trustee shall be deemed to have disposed of those shares for proceeds of disposition equal to the cost amount to the trust of those shares immediately before the single payment was made; (b) the cost to the beneficiary of those shares shall be deemed to be their cost amount to the trust immediately before the single payment was made; (c) the cost to the beneficiary of each of those shares shall be deemed to be the amount determined by the formula A is the amount determined under paragraph 147(10.2)(a) in respect of all of those shares, B is the fair market value of that share at the time the single payment was made, and C is the fair market value of all those shares at the time the single payment was made; and (d) for the purposes of paragraph (10.6)(b), the cost to the beneficiary of those shares is an eligible amount in respect of the beneficiary for the year. Amount contributed to or forfeited under a plan (10.3) There shall be included in computing the income for a taxation year of a beneficiary described in paragraph 147(2)(k.2) the total of amounts allocated or reallocated to the beneficiary in the year in respect of (a) any amount contributed after December 1, 1982 by an employer, or (b) any forfeited amount under a deferred profit sharing plan or a plan the registration of which has been revoked pursuant to subsection 147(14) or 147(14.1). (10.4) Where a taxpayer has a share in respect of which the taxpayer has made an election under subsection 147(10.1), there shall be included in computing the taxpayer’s income for the taxation year in which the taxpayer disposed of or exchanged the share or ceased to be a resident of Canada, whichever is the earlier, the amount, if any, by which the fair market value of the share at the time the taxpayer acquired it exceeds the cost to the taxpayer, determined under paragraph (10.2)(c), of the share at the time the taxpayer acquired it. (10.5) Where an amendment is made to an annuity contract to which subparagraph (2)(k)(vi) applies, the sole effect of which is to defer annuity commencement to no later than the end of the calendar year in which the individual in respect of whom the contract was purchased attains 71 years of age, the annuity contract is deemed not to have been disposed of by the individual. Portion of receipts deductible
For the purposes of subsections 147(10), 147(10.1) and 147(12), where an amount was received in a taxation year from a trustee under a deferred profit sharing plan by an employee or other beneficiary thereunder, and the employee was a beneficiary under the plan at a time when the plan was an employees profit sharing plan, the amount determined for the year under this subsection in relation to the plan and in respect of the beneficiary is such portion of the total of the amounts so received in the year as does not exceed (i) each amount included in respect of the plan in computing the income of the employee for the year or for a previous taxation year by virtue of section 144, (ii) each amount paid by the employee to a trustee under the plan at a time when it was an employees profit sharing plan, and (iii) each amount that was allocated to the employee or other beneficiary by a trustee under the plan, at a time when it was an employees profit sharing plan, in respect of a capital gain made by the trust before 1972, (i) each amount received by the employee or other beneficiary in a previous taxation year from a trustee under the plan at a time when it was an employees profit sharing plan, (ii) each amount received by the employee or other beneficiary in a previous taxation year from a trustee under the plan at a time when it was a deferred profit sharing plan, and (iii) each amount allocated to the employee or other beneficiary by a trustee under the plan, at a time when it was an employees profit sharing plan, in respect of a capital loss sustained by the trust before 1972.
a) le montant payé à ce moment en règlement du principal de l’action donnée, en raison de l’émission de l’autre action, est réputé égal au montant qui vient augmenter le capital versé au titre de la catégorie d’actions qui comprend l’autre action à cause de l’émission de cette autre action; b) pour l’application du sous-alinéa (2)b)(i), le montant pour lequel l’autre action a été émise est réputé égal au montant réputé par l’alinéa a) avoir été payé à ce moment. Remplacement d’une action privilégiée de renflouement par une dette ou une créance commerciale
For the purposes of subsections 147(10) and 147(10.1), where an amount was received in a taxation year from a trustee under a deferred profit sharing plan by an employee or other beneficiary thereunder, and the employee has made a payment in the year or a previous year to a trustee under the plan at a time when the plan was a deferred profit sharing plan, the amount determined for the year under this subsection in relation to the plan and in respect of the beneficiary is such portion of the total of amounts so received in the year (minus any amount determined for the year under subsection 147(11) in relation to the plan and in respect of the beneficiary) as does not exceed (a) the total of all amounts each of which was so paid by the employee in the year or a previous year to the extent that the payment was not deductible in computing the employee’s income, (b) the total of all amounts each of which was received by the employee or other beneficiary from a trustee under the plan, at a time when it was a deferred profit sharing plan, to the extent that it was included in the computation of an amount determined for a previous year under this subsection in relation to the plan and in respect of the employee or other beneficiary. Appropriation of trust property by employer
Dans le cas où une partie de la contrepartie qu’une société a donnée à une autre personne en règlement, à un moment donné, d’une action privilégiée de renflouement émise par la société et appartenant à l’autre personne immédiatement avant le moment donné est une autre action (sauf une action privilégiée de renflouement) ou un effet (sauf une créance commerciale) émis par la société en faveur de l’autre personne, pour l’application de l’article 80, le montant payé à ce moment en règlement du principal de l’action ou de la dette, est réputé, pour l’application de l’article 80, égal à la juste valeur marchande de l’autre action ou de la dette, selon le cas, à ce moment. Présomption de règlement à l’échéance
Where funds or property of a trust governed by a deferred profit sharing plan have been appropriated in any manner whatever to or for the benefit of a taxpayer who is (a) an employer by whom payments are made in trust to a trustee under the plan, or (b) a corporation with which that employer does not deal at arm’s length, otherwise than in payment of or on account of shares of the capital stock of the taxpayer purchased by the trust, the amount or value of the funds or property so appropriated shall be included in computing the income of the taxpayer for the taxation year of the taxpayer in which the funds or property were so appropriated, unless the funds or property or an amount in lieu thereof equal to the amount or value of the funds or property was repaid to the trust within one year from the end of the taxation year, and it is established by subsequent events or otherwise that the repayment was not made as part of a series of appropriations and repayments.
Dans le cas où, à un moment donné, une action privilégiée de renflouement devient une action d’un autre type, les présomptions suivantes s’appliquent dans le cadre de l’article 80: a) l’action est réputée avoir été réglée immédiatement avant ce moment; b) un paiement égal à la juste valeur marchande de l’action à ce moment est réputé avoir été effectué immédiatement avant ce moment en règlement du principal de l’action. [NOTE: Les dispositions d’application ne sont pas incluses dans le présent codification; voir les lois et règlements modificatifs appropriés.] 1995, ch. 21, art. 27. Définitions
Where, at any time after a profit sharing plan has been accepted by the Minister for registration for the purposes of this Act, (a) the plan has been revised or amended or a new plan has been substituted therefor, and the plan as revised or amended or the new plan substituted therefor, as the case may be, ceased to comply with the requirements of this section for its acceptance by the Minister for registration for the purposes of this Act, (b) any provision of the plan has not been complied with, (c) the plan is a plan that did not, as of January 1, 1968, (i) comply with the requirements of paragraphs 147(2)(a), 147(2)(b) to 147(2)(h), 147(2)(j) and 147(2)(k), and paragraph 147(2)(i) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as it read on January 1, 1972, and (ii) provide that the amounts held by the trust for the benefit of beneficiaries thereunder that remained unallocated on December 31, 1967 must be allocated or reallocated, as the case may be, before 1969, (c.1) the plan becomes a revocable plan pursuant to subsection 147(21), (c.3) in the case of a plan that became registered after March, 1983, the plan does not comply with the requirements of paragraphs 147(2)(k.1) and 147(2)(k.2), (c.4) the requirements of subsection 147(5.1) in respect of the plan are not satisfied for a calendar year, (c.5) an employer who participates in the plan fails to file an information return reporting a pension adjustment of a beneficiary under the plan as and when required by regulation, the Minister may revoke the registration of the plan, (e) where paragraph 147(14)(b) applies, as of the date that any provision of the plan was not so complied with, or any subsequent date, (f) where paragraph 147(14)(c) applies, as of any date following January 1, 1968, (g) where paragraph 147(14)(c.1) applies, as of the date on which the plan became a revocable plan, or any subsequent date, (h) where paragraph 147(14)(c.2) or 147(14)(c.3) applies, as of the date on which the plan did not so comply, or any subsequent date, but not before January 1, 1991, (i) where paragraph 147(14)(c.4) applies, as of the end of the year for which the requirements of subsection 147(5.1) in respect of the plan are not satisfied, or any subsequent date, and (j) where paragraph 147(14)(c.5) applies, as of any date after the date by which the information return was required to be filed, and the Minister shall thereafter give notice of the revocation by registered mail to a trustee under the plan and to an employer of employees who are beneficiaries under the plan. (14.1) Where on any day after June 30, 1982 a benefit or loan is extended or continues to be extended as a consequence of the existence of a deferred profit sharing plan and that benefit or loan would be prohibited if the plan met the requirement for registration contained in paragraph 147(2)(k.1), the Minister may revoke the registration of the plan as of that or any subsequent day that is specified by the Minister in a notice given by registered mail to a trustee under the plan and to an employer of employees who are beneficiaries under the plan.
action privilégiée de renflouement S’entend au sens du paragraphe 80(1). (distress preferred share) créance commerciale S’entend au sens du paragraphe 80(1). (commercial debt obligation) Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
Where the Minister revokes the registration of a deferred profit sharing plan, the plan (in this section referred to as the “revoked plan”) shall be deemed, for the purposes of this Act, not to be a deferred profit sharing plan, and notwithstanding any other provision of this Act, the following rules shall apply: (a) the revoked plan shall not be accepted for registration for the purposes of this Act or be deemed to have become registered as a deferred profit sharing plan at any time within a period of one year commencing on the date the plan became a revoked plan; (b) subsection 147(7) does not apply to exempt the trust governed by the plan from tax under this Part on the taxable income of the trust for a taxation year in which, at any time therein, the trust was governed by the revoked plan; (c) no deduction shall be made by an employer in computing the employer’s income for a taxation year in respect of an amount paid by the employer to a trustee under the plan at a time when it was a revoked plan; (i) amounts received by the taxpayer in the year from a trustee under the revoked plan that, by virtue of subsection 147(10), would have been so included if the revoked plan had been a deferred profit sharing plan at the time the taxpayer received those amounts, and (ii) the amount or value of any funds or property appropriated to or for the benefit of the taxpayer in the year that, by virtue of subsection 147(13), would have been so included if the revoked plan had been a deferred profit sharing plan at the time of the appropriation of the funds or property; and (e) the revoked plan shall be deemed, for the purposes of this Act, not to be an employees profit sharing plan or a retirement compensation arrangement.
Surrender of capital property Impôt sur le revenu
Where the terms of an arrangement under which an employer makes payments to a trustee specifically provide that the payments shall be made “out of profits”, the arrangement shall be deemed, for the purpose of subsection 147(1), to be an arrangement for payments "computed by reference to an employer’s profits from the employer’s business".
Where the expression “employee or other beneficiary” under a profit sharing plan occurs in this section, the words other beneficiary shall be construed as meaning any person, other than the employee, to whom any amount is or may become payable by a trustee under the plan as a result of payments made to the trustee under the plan in trust for the benefit of employees, including the employee. Inadequate consideration on purchase from or sale to trust
Where a trust governed by a deferred profit sharing plan or revoked plan (a) disposes of property to a taxpayer for a consideration less than the fair market value of the property at the time of the transaction, or for no consideration, or (b) acquires property from a taxpayer for a consideration greater than the fair market value of the property at the time of the transaction, the difference between that fair market value and the consideration, if any, (c) shall, for the purposes of subsections 147(10) and 147(15), be deemed to be an amount received by the taxpayer at the time of the disposal or acquisition, as the case may be, from a trustee under the plan as if the taxpayer were a beneficiary under the plan, and (d) is an amount taxable under section 201 for the calendar year in which the trust disposes of or acquires the property, as the case may be.
An amount is transferred from a deferred profit sharing plan in accordance with this subsection if the amount (a) is not part of a series of periodic payments; (b) is transferred on behalf of an individual (i) who is an employee or former employee of an employer who participated in the plan on the employee’s behalf, or (ii) who is a spouse or common-law partner, or former spouse or common-law partner, of an employee or former employee referred to in subparagraph (i) and who is entitled to the amount (A) as a consequence of the death of the employee or former employee, or (B) under a decree, an order or a judgment of a competent tribunal, or under a written agreement, that relates to a division of property between the employee or former employee and the individual in settlement of rights that arise out of, or on a breakdown of, their marriage or common-law partnership; in full or partial satisfaction of the individual’s entitlement to benefits under the plan; (c) would, if it were paid directly to the individual, be included under subsection 147(10) in computing the individual’s income for a taxation year; and (ii) a registered retirement savings plan under which the individual is the annuitant (within the meaning assigned by subsection 146(1)), (iii) a deferred profit sharing plan that can reasonably be expected to have at least 5 beneficiaries at all times throughout the calendar year in which the transfer is made, (iv) a registered retirement income fund under which the individual is the annuitant (within the meaning assigned by subsection 146.3(1)), or (v) a licensed annuities provider to acquire an advanced life deferred annuity, if the individual is an employee or former employee of an employer who participated in the plan on the employee’s behalf. Taxation of amount transferred
Constatation différée du gain du débiteur sur règlement de dettes
Where an amount is transferred on behalf of an individual in accordance with subsection 147(19), (a) the amount shall not, by reason only of that transfer, be included by virtue of this section in computing the income of any taxpayer; and (b) no deduction may be made under any provision of this Act in respect of the amount in computing the income of any taxpayer. Restriction re transfers
La personne (appelée « cédant » au présent paragraphe) qui, à un moment donné d’une année d’imposition, délaisse une immobilisation donnée — action autre qu’une action privilégiée de redressement, participation au capital d’une fiducie ou participation dans une société de personnes — est réputée réaliser un gain en capital en raison de la disposition, à ce moment, d’une autre immobilisation ou, si l’immobilisation donnée est un bien canadien imposable, d’un autre semblable bien, égal à l’excédent éventuel du montant suivant : a) le total des montants déduits en application de l’alinéa 53(2)g.1) dans le calcul du coût indiqué de l’immobilisation donnée pour le cédant immédiatement avant ce moment, sur le total des montants suivants : b) le montant qui représenterait le gain en capital du cédant pour l’année tiré de la disposition de l’immobilisation donnée, compte non tenu du paragraphe 100(2); c) dans le cas où, à la fin de l’année, le cédant réside au Canada ou est une personne non-résidente qui exploite une entreprise au Canada par l’intermédiaire d’un lieu fixe d’affaires, le montant désigné en application du paragraphe (7) relativement à la disposition de l’immobilisation à ce moment ou immédiatement après ce moment. Immobilisation délaissée
A deferred profit sharing plan becomes a revocable plan at any time that an amount is transferred from the plan to a registered pension plan, a registered retirement savings plan or another deferred profit sharing plan unless (a) the transfer is in accordance with subsection 147(19); or (b) the amount is deductible under paragraph 60(j) or 60(j.2) of this Act or paragraph 60(k) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, by the individual on whose behalf the transfer is made. Excess transfer (a) the transfer of an amount from a deferred profit sharing plan in a calendar year on behalf of a beneficiary under the plan would, but for this subsection, be in accordance with subsection 147(19), and (b) the requirements of subsection 147(5.1) in respect of the plan are not satisfied for the year, or would not be satisfied for the year by reason that the beneficiary’s pension credits or pension adjustments do not comply with any of paragraphs 147(5.1)(a) to 147(5.1)(c), such portion of the amount transferred as may reasonably be considered to derive from amounts allocated or reallocated to the beneficiary in the year or from earnings reasonably attributable to those amounts shall, except to the extent otherwise expressly provided in writing by the Minister, be deemed to be an amount that was not transferred in accordance with subsection 147(19).
Pour l’application du paragraphe (2), une personne n’est considérée comme ayant délaissé un bien à un moment donné que dans les cas suivants : a) si le bien est une action du capital-actions d’une société donnée : (i) la personne est une société qui a disposé de l’action à ce moment et le produit de disposition de l’action est déterminé selon l’alinéa 88(1)b), Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
administrator of a pension plan means the person or body of persons that has ultimate responsibility for the administration of the plan; (administrateur) average wage for a calendar year means the amount that is obtained by dividing by 12 the total of all amounts each of which is the wage measure for a month in the year. compensation of an individual from an employer for a calendar year means the total of all amounts each of which is (a) an amount in respect of the individual’s employment with the employer, or an office in respect of which the individual is remunerated by the employer, that is required (or that would be required but for paragraph 81(1)(a) as it applies with respect to the Indian Act or the Foreign Missions and International Organizations Act) by section 5 or 6 to be included in computing the individual’s income for the year, except such portion of the amount that (i) meets the following conditions: (A) The portion may reasonably be considered to relate to a period throughout which the individual was not resident in Canada, and (B) the portion is (I) not attributable to the performance of the duties of the office or employment in Canada, or (II) exempt from income tax in Canada by reason of a tax treaty, or (ii) is deducted under paragraph 8(1)(o.2) in computing the taxpayer’s income for the year, (c) an amount acceptable to the Minister in respect of remuneration received by the individual from any employer for a period in the year throughout which the individual was not resident in Canada, to the extent that the amount is not otherwise included in the total; (rémunération) defined benefit provision of a pension plan means terms of the plan under which benefits in respect of each member are determined in any way other than that described in the definition money purchase provision in this subsection; (disposition à prestations déterminées) designated money purchase provision, in a calendar year, means a money purchase provision of a registered pension plan under which accounts are maintained in respect of at least 10 members throughout the year or under which the total contributions made for the year on behalf of an individual described in paragraph 8515(4)(a) former limit for each calendar year after 2005 and before 2010 means the greater of (a) the product (rounded to the nearest multiple of $10, or, if that product is equidistant from two such consecutive multiples, to the higher multiple) of (i) $18,000, and (ii) the quotient obtained when the average wage for the year is divided by the average wage for 2005, (b) for 2006, $18,000, and for any other of those calendar years, the former limit for the preceding calendar year; (ancien plafond) member of a pension plan means an individual who has a right, either immediate or in the future and either absolute or contingent, to receive benefits under the plan, other than an individual who has such a right only by reason of the participation of another individual in the plan; (participant) money purchase limit for a calendar year means (c) for 1991 and 1992, $12,500, (g) for years after 1995 and before 2003, $13,500, (k) for 2006, the greater of $19,000 and the former limit for the year, (l) for 2007, the greater of $20,000 and the former limit for the year, (m) for 2008, the greater of $21,000 and the former limit for the year, (n) for 2009, the greater of $22,000 and the former limit for the year, and (o) for each year after 2009, the greater of (i) the product (rounded to the nearest multiple of $10, or, if that product is equidistant from two such consecutive multiples, to the higher multiple) of (A) the money purchase limit for 2009, and (B) the quotient obtained when the average wage for the year is divided by the average wage for 2009, and money purchase provision of a pension plan means terms of the plan (a) which provide for a separate account to be maintained in respect of each member, to which are credited contributions made to the plan by, or in respect of, the member and any other amounts allocated to the member, and to which are charged payments made in respect of the member, and (b) under which the only benefits in respect of a member are benefits (i) determined solely with reference to, and provided by, the amount in the member’s account, or multi-employer plan in a calendar year has the meaning assigned by regulation; (régime interentreprises) participating employer, in relation to a pension plan, means an employer who has made, or is required to make, contributions to the plan in respect of the employer’s employees or former employees, or payments under the plan to the employer’s employees or former employees, and includes a prescribed employer; (employeur participant) permitted corrective contribution to a registered pension plan means a contribution in a calendar year in respect of an individual that would otherwise have been made in one or more of the 10 immediately preceding years (each such year referred to in this definition as a "retroactive year") in accordance with the money purchase provision of the plan as registered or a money purchase provision of a registered pension plan of a predecessor employer (for the purposes of this definition, as defined in subsection 8500(1) of the Regulations), but for an error that caused a failure to enroll the individual as a member of the plan or a failure to make a required contribution, to the extent that the amount of the contribution does not exceed the lesser of (a) the total of all amounts each of which is an amount, for a retroactive year, determined by the formula A is the total of all amounts each of which is an amount by which a contribution required to be made at a particular time in the retroactive year under the provision in respect of the individual exceeds the amount contributed at the particular time in respect of the individual, B is the amount of interest, if any, calculated in respect of each amount determined under A at a rate that (i) is required by the Pension Benefits Standards Act, 1985 or a similar law of a province, or (ii) if subparagraph (i) does not apply, does not exceed a reasonable rate, and C is the total amount previously contributed to the provision in respect of the individual under subsection (20) for the retroactive year, and (b) the amount determined by the formula E is 150% of the money purchase limit for the calendar year, and F is the total amount previously contributed in respect of the individual under subsection (20) to the provision, or to any other money purchase provision, if a participating employer under the provision or a predecessor employer has been a participating employer in respect of the individual under that other provision; (cotisation corrective permise) single amount means an amount that is not part of a series of periodic payments; (montant unique) wage measure for a month means the average weekly wages and salaries of (a) the Industrial Aggregate in Canada for the month as published by Statistics Canada under the Statistics Act, or (b) in the event that the Industrial Aggregate ceases to be published, such other measure for the month as is prescribed by regulation under the Canada Pension Plan for the purposes of paragraph 18(5)(b) of that Act. (mesure des gains) Registration of plan
The following rules apply with respect to the registration of pension plans: (a) the Minister shall not register a pension plan unless (i) application for registration is made in prescribed manner by the plan administrator, (ii) the plan complies with prescribed conditions for registration, and (iii) where the plan is required to be registered under the Pension Benefits Standards Act, 1985 or a similar law of a province, application for such registration has been made; (b) where a pension plan that was submitted for registration before 1992 is registered by the Minister, the registration is effective from the day specified in writing by the Minister; and (c) where a pension plan that is submitted for registration after 1991 is registered by the Minister, the registration is effective from the later of (i) January 1 of the calendar year in which application for registration is made in prescribed manner by the plan administrator, and (ii) the day the plan began. Deemed registration
to (6) [Repealed, 1998, c. 19, s. 112] Impôt sur le revenu
Where application is made to the Minister for registration of a pension plan for the purposes of this Act and, where the manner for making the application has been prescribed, the application is made in that manner by the administrator, (a) subject to paragraph 147.1(3)(b), the plan is, for the purposes of this Act other than paragraphs 60(j) and 60(j.2) and sections 147.3 and 147.4, deemed to be a registered pension plan throughout the period that begins on the latest of (i) January 1 of the calendar year in which the application is made, (ii) the day of commencement of the plan, and (iii) January 1, 1989 and ending on the day on which a final determination is made with respect to the application; and (b) where the final determination made with respect to the application is a refusal to register the plan, this Act shall, after the day of the final determination, apply as if the plan had never been deemed, under paragraph 147.1(3)(a), to be a registered pension plan, except that (i) any information return otherwise required to be filed under subsection 207.7(3) before the particular day that is 90 days after the day of the final determination is not required to be filed until the particular day, and (ii) subsections 227(8) and 227(8.2) are not applicable with respect to contributions made to the plan on or before the day of the final determination. Acceptance of amendments
The Minister shall not accept an amendment to a registered pension plan unless (a) application for the acceptance is made in prescribed manner by the plan administrator; (b) the plan as amended complies with prescribed conditions for registration; and (c) the amendment complies with prescribed conditions. Additional conditions
The Minister may, at any time, impose reasonable conditions applicable with respect to registered pension plans, a class of such plans or a particular registered pension plan.
There shall, for each registered pension plan, be a person or a body of persons that has ultimate responsibility for the administration of the plan and, except as otherwise permitted in writing by the Minister, the person or a majority of the persons who constitute the body shall be a person or persons resident in Canada. (a) administer the plan in accordance with the terms of the plan as registered except that, where the plan fails to comply with the prescribed conditions for registration or any other requirement of this Act or the regulations, the administrator may administer the plan as if it were amended to so comply; (b) before July, 1990, in the case of a person or body that is the administrator on January 1, 1989 or becomes the administrator before June, 1990, and, in any other case, within 30 days after becoming the administrator, inform the Minister in writing (i) of the name and address of the person who is the administrator, or (ii) of the names and addresses of the persons who constitute the body that is the administrator; and (c) where there is any change in the information provided to the Minister in accordance with this paragraph or paragraph 147.1(7)(b), inform the Minister in writing, within 60 days after the change, of the new information.
(ii) la personne est une société qui était propriétaire de l’action à ce moment et qui, immédiatement après ce moment, fait l’objet, avec la société donnée, d’une fusion ou d’une unification; b) si le bien est une participation au capital d’une fiducie, la personne a disposé de la participation à ce moment et le produit de disposition est déterminé selon l’alinéa 107(2)c); c) si le bien est une participation dans une société de personnes, la personne a disposé de la participation à ce moment et le produit de disposition est déterminé selon les alinéas 98(3)a) ou (5)a).
Except as otherwise provided by regulation, a registered pension plan (other than a multi-employer plan) becomes, at the end of a calendar year after 1990, a revocable plan where (a) the pension adjustment for the year of a member of the plan in respect of a participating employer exceeds the lesser of (i) the money purchase limit for the year, and (ii) 18% of the member’s compensation from the employer for the year; or (i) the pension adjustment for the year of a member of the plan in respect of a participating employer, and (ii) the total of all amounts each of which is the member’s pension adjustment for the year in respect of an employer who, at any time in the year, does not deal at arm’s length with the employer referred to in subparagraph 147.1(8)(b)(i) exceeds the money purchase limit for the year. Idem — multi-employer plans
à (6) [Abrogés, 1998, ch. 19, art. 112] Solution de rechange
Except as otherwise provided by regulation, a registered pension plan that is a multi-employer plan (other than a specified multi-employer plan) in a calendar year after 1990 becomes, at the end of the year, a revocable plan where (a) for a member and an employer, the total of all amounts each of which is the member’s pension credit (as prescribed by regulation) for the year in respect of the employer under a defined benefit or money purchase provision of the plan exceeds the lesser of (i) the money purchase limit for the year, and (ii) 18% of the member’s compensation from the employer for the year; or (b) for a member, the total of all amounts each of which is the member’s pension credit (as prescribed by regulation) for the year in respect of an employer under a defined benefit or money purchase provision of the plan exceeds the money purchase limit for the year.
Dans le cas où une personne dispose d’un bien au cours d’une année d’imposition, les règles suivantes s’appliquent dans le cadre du paragraphe (2) et de l’article 80: a) la personne peut indiquer un montant dans le formulaire prescrit annexé à sa déclaration de revenu produite en vertu de la présente partie pour l’année; b) lorsqu’un montant est indiqué par une personne relativement à la disposition en application de l’alinéa a): (i) elle est réputée avoir émis, au moment de la disposition, une créance commerciale qui est réglée immédiatement après ce moment, (ii) le montant ainsi indiqué ou, s’il est inférieur, le montant qui, si ce n’était le présent paragraphe, se traduirait en un gain en capital déterminé relativement à la disposition par l’effet du paragraphe (2) est considéré comme le montant remis sur la créance visée au sous-alinéa (i) au moment du règlement, (iii) la source relativement à laquelle la créance visée au sous-alinéa (i) a été émise est réputée être l’entreprise que la personne exploitait à la fin de l’année, (iv) si elle n’exploite pas d’entreprise à la fin de l’année, la personne est réputée exploiter activement une entreprise à la fin de l’année et la source relativement à laquelle la créance visée au sous-alinéa (i) a été émise est réputée être l’entreprise qu’elle est ainsi réputée exploiter. Lifetime capital gains exemption [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1995, c. 21, s. 27; 1998, c. 19, s. 112; 2014, c. 39, s. 15; 2017, c. 33, s. 2(2)(E). Definitions Eligible transferee Application
With respect to each past service event that is relevant to the determination of benefits in respect of a member under a defined benefit provision of a registered pension plan, such benefits are in respect of periods after 1989 and before the calendar year in which the event occurred shall be determined, for the purpose of a payment to be made from the plan or a contribution to be made to the plan at a particular time, with regard to the event only if (a) where the member is alive at the particular time and except as otherwise provided by regulation, the Minister has certified in writing, before the particular time, that prescribed conditions are satisfied, (b) where the member died before the particular time and the event occurred before the death of the member, (i) this subsection did not require that the event be disregarded in determining benefits that were payable to the member immediately before the member’s death (or that would have been so payable had the member been entitled to receive benefits under the provision immediately before the member’s death), or (ii) the event, as it affects the benefits provided to each individual who is entitled to benefits as a consequence of the death of the member, is acceptable to the Minister, (c) where the member died before the particular time and the event occurred after the death of the member, the event, as it affects the benefits provided to each individual who is entitled to benefits as a consequence of the death of the member, is acceptable to the Minister, (d) no past service event that occurred before the event is required by reason of the application of this subsection to be disregarded at the particular time in determining benefits in respect of the member, and, for the purposes of this subsection as it applies with respect to contributions that may be made to a registered pension plan, where application has been made for a certification referred to in paragraph 147.1(10)(a) and the Minister has not refused to issue the certification, the Minister shall be deemed to have issued the certification.
Paragraphs 80(2)(a), 80(2)(b), 80(2)(g), 80(2)(j) and 80(2)(n) apply for the purposes of this section.
Where, at any time after a pension plan has been registered by the Minister, (a) the plan does not comply with the prescribed conditions for registration, (b) the plan is not administered in accordance with the terms of the plan as registered, (c) the plan becomes a revocable plan, (d) a condition imposed by the Minister in writing and applicable with respect to the plan (including a condition applicable generally to registered pension plans or a class of such plans and a condition first imposed before 1989) is not complied with, (f) a benefit is paid by the plan, or a contribution is made to the plan, contrary to subsection 147.1(10), (g) the administrator of the plan fails to file an information return or actuarial report relating to the plan or to a member of the plan as and when required by regulation, (h) a participating employer fails to file an information return relating to the plan or to a member of the plan as and when required by regulation, or (i) registration of the plan under the Pension Benefits Standards Act, 1985 or a similar law of a province is refused or revoked, the Minister may give notice (in this subsection and subsection 147.1(12) referred to as a “notice of intent”) by registered mail to the plan administrator that the Minister proposes to revoke the registration of the plan as of a date specified in the notice of intent, which date shall not be earlier than the date as of which, (k) where paragraph 147.1(11)(b) applies, the plan was not administered in accordance with its terms as registered, (l) where paragraph 147.1(11)(c) applies, the plan became a revocable plan, (m) where paragraph 147.1(11)(d) or 147.1(11)(e) applies, the condition or requirement was not complied with, (n) where paragraph 147.1(11)(f) applies, the benefit was paid or the contribution was made, (o) where paragraph 147.1(11)(g) or 147.1(11)(h) applies, the information return or actuarial report was required to be filed, and (p) where paragraph 147.1(11)(i) applies, the registration referred to in that paragraph was refused or revoked. Notice of revocation
Where (d) an amount is specified in that agreement Exonération cumulative des gains en capital
Where the Minister gives a notice of intent to the administrator of a registered pension plan, or the plan administrator applies to the Minister in writing for the revocation of the plan’s registration, the Minister may, (a) where the plan administrator has applied to the Minister in writing for the revocation of the plan’s registration, at any time after receiving the administrator’s application, and (b) in any other case, after 30 days after the day of mailing of the notice of intent, give notice (in this subsection and subsection 147.1(13) referred to as a “notice of revocation”) by registered mail to the plan administrator that the registration of the plan is revoked as of the date specified in the notice of revocation, which date may not be earlier than the date specified in the notice of intent or the administrator’s application, as the case may be.
Dans le cas où un particulier est réputé en vertu du paragraphe (2), du fait qu’il a disposé à un moment donné d’un bien qui est un bien agricole ou de pêche admissible ou son action admissible de petite entreprise, au sens du paragraphe 110.6(1), tirer un gain en capital à ce moment de la disposition d’un autre bien, cet autre bien est réputé, pour l’application des articles 3, 74.3 et 111 dans le cadre de l’article 110.6, être un bien agricole ou de pêche admissible ou une action admissible de petite entreprise, selon le cas, du particulier. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1995, ch. 21, art. 27; 1998, ch. 19, art. 112; 2014, ch. 39, art. 15; 2017, ch. 33, art. 2(2)(E). Définitions
Where the Minister gives a notice of revocation to the administrator of a registered pension plan, the registration of the plan is revoked as of the date specified in the notice of revocation, unless the Federal Court of Appeal or a judge thereof, on application made at any time before the determination on appeal pursuant to subsection 172(3), orders otherwise. Anti-avoidance — multi-employer plans
Cessionnaire admissible
Where at any time the Minister gives written notice to the administrators of two or more registered pension plans, each of which is a multi-employer plan, that this subsection is applicable in relation to those plans with respect to a calendar year, (a) each of those plans that is a specified multi-employer plan in the year shall, for the purposes of subsection 147.1(9) (other than for the purpose of determining the pension credits referred to in paragraphs 147.1(9)(a) and 147.1(9)(b)), be deemed to be a multi-employer plan that is not a specified multi-employer plan; and (b) the totals determined for the year under paragraphs 147.1(9)(a) and 147.1(9)(b) shall be the amounts that would be determined if all the plans were a single plan. Plan as registered
Pour l’application du présent article, un cessionnaire admissible d’un débiteur à un moment donné est une personne désignée à ce moment quant au débiteur ou une société canadienne imposable ou une société de personnes canadienne admissible liée au débiteur à ce moment autrement qu’à cause d’un droit visé à l’alinéa 251(5)(b). Application
Any reference in this Act and the regulations to a pension plan as registered means the terms of the plan on the basis of which the Minister has registered the plan for the purposes of this Act and as amended by (a) each amendment that has been accepted by the Minister, and (b) each amendment that has been submitted to the Minister for acceptance and that the Minister has neither accepted nor refused to accept, if it is reasonable to expect the Minister to accept the amendment, and includes all terms that are not contained in the documents constituting the plan but that are terms of the plan by reason of the Pension Benefits Standards Act, 1985 or a similar law of a province. Separate liability for obligations
Les alinéas 80(2)(a), b), g), j), l) et n) s’appliquent dans le cadre du présent article. Convention concernant le transfert d’un montant remis
Every person who is a member of a body that is the administrator of a registered pension plan is subject to all obligations imposed on administrators by this Act or a regulation as if the person were the administrator of the plan.
Dans le cas où les conditions suivantes sont réunies : a) une dette commerciale donnée émise par un débiteur, sauf une dette qui est réputée émise par l’alinéa e), est réglée à un moment donné; b) le débiteur a indiqué des montants en application des paragraphes 80(5) à (10) dans la mesure maximale permise relativement au règlement de la dette donnée au moment donné; c) le débiteur et son cessionnaire admissible au moment donné produisent en vertu du présent article une convention conclue entre eux relativement à ce règlement; d) un montant est précisé dans la convention (f) the specified amount shall be deemed to be the forgiven amount at the particular time in respect of the obligation referred to in paragraph (e), d) un montant est précisé dans cette convention, les règles suivantes s’appliquent : e) sauf pour l’application du paragraphe 80(11), le cessionnaire est réputé avoir émis une créance commerciale qui a été réglée au moment donné; f) le montant précisé est réputé être le montant remis, au moment donné, sur la créance visée à l’alinéa e); g) sous réserve de l’alinéa h), la créance visée à l’alinéa e) est réputée avoir été émise au même moment (appelé « moment de l’émission » à l’alinéa h)) et dans les mêmes circonstances que la dette donnée; h) lorsque le cessionnaire est un contribuable qui est assujetti à un fait lié à la restriction de pertes après le moment de l’émission et que le cessionnaire et le débiteur ne sont pas liés l’un à l’autre — si le cessionnaire est une société — ou ne sont pas affiliés l’un à l’autre — s’il est une fiducie — immédiatement avant ce fait : (i) la créance visée à l’alinéa e) est réputée avoir été émise après le fait lié à la restriction de pertes, (ii) l’alinéa f) de la définition de compte de société remplaçante, l’alinéa b) de la définition de perte non constatée et le sous-alinéa b)(ii) de la définition de solde de pertes applicable, au paragraphe 80(1), ne s’appliquent pas relativement au fait lié à la restriction de pertes; i) la source relativement à laquelle la créance visée à l’alinéa e) a été émise est réputée être celle relativement à laquelle la dette donnée a été émise; j) pour l’application des articles 61.3 et 61.4, le montant inclus selon le paragraphe 80(13) dans le calcul du revenu du cessionnaire admissible relativement au règlement de la créance visée à l’alinéa e), ou déduit selon l’alinéa 80(15)a) relativement à ce revenu est réputé être nul. Contrepartie de la convention
The Minister may, for the purposes of this Act, obtain the advice of the Superintendent of Financial Institutions with respect to any matter relating to pension plans. Regulations
Pour l’application de la présente partie, dans le cas où un cessionnaire admissible acquiert un bien à un moment donné en contrepartie de la conclusion d’une convention avec un débiteur qui est produite en vertu du présent article, les règles suivantes s’appliquent : a) si le bien appartenait au débiteur immédiatement avant ce moment : Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION N Rules Relating to Computation of Income
The Governor in Council may make regulations (a) prescribing conditions for the registration of pension plans and enabling the Minister to impose additional conditions or waive any conditions that are prescribed; (b) prescribing circumstances under which a registered pension plan becomes a revocable plan; (c) specifying the manner of determining, or enabling the Minister to determine, the portion of a member’s benefits under a registered pension plan that is in respect of any period; (d) requiring administrators of registered pension plans to make determinations in connection with the computation of pension adjustments, past service pension adjustments, total pension adjustment reversals or any other related amounts (all such amounts referred to in this subsection as “specified amounts”); (e) requiring that the method used to determine a specified amount be acceptable to the Minister, where more than one method would otherwise comply with the regulations; (f) enabling the Minister to permit or require a specified amount to be determined in a manner different from that set out in the regulations; (g) requiring that any person who has information required by another person in order to determine a specified amount provide the other person with that information; (h) enabling the Minister to require any person to provide the Minister with information relating to the method used to determine a specified amount; (i) enabling the Minister to require any person to provide the Minister with information relevant to a claim that paragraph 147.1(10)(a) is not applicable by reason of an exemption provided by regulation; (j) respecting applications for certifications for the purposes of subsection 147.1(10); (k) enabling the Minister to waive the requirement for a certification for the purposes of subsection 147.1(10); (l) prescribing rules for the purposes of subsection 147.1(10), so that that subsection applies or does not apply with respect to benefits provided as a consequence of particular transactions, events or circumstances; (m) requiring any person to provide the Minister or the administrator of a registered pension plan with information in connection with an application for certification for the purposes of subsection 147.1(10); (n) requiring any person who obtains a certification for the purposes of subsection 147.1(10) to provide the individual in respect of whom the certification was obtained with an information return; (o) requiring administrators of registered pension plans to file information with respect to amendments to such plans and to the arrangements for funding benefits thereunder; (p) requiring administrators of registered pension plans to file information returns respecting such plans; (q) enabling the Minister to require any person to provide the Minister with information for the purpose of determining whether the registration of a pension plan may be revoked; (r) requiring administrators of registered pension plans to submit reports to the Minister, prescribing the class of persons by whom the reports shall be prepared and prescribing information to be contained in those reports; (s) enabling the Minister to impose any penalty that may be imposed under regulations made under paragraph (r); (s) enabling the Minister to impose any requirement that may be imposed by regulation made under paragraph 147.1(18)(r); (t) defining, for the purposes of this Act, the expressions multi-employer plan, past service event, past service pension adjustment, pension adjustment, specified multi-employer plan and total pension adjustment reversal; and (u) generally to carry out the purposes and provisions of this Act relating to registered pension plans and the determination and reporting of specified amounts.
(d) [Repealed, 1998, c. 19, s. 113(1)] No benefit conferred Impôt sur le revenu
The administrator of a registered pension plan may make a payment (other than a payment made to avoid the revocation of the registration of the plan) that is a return of all or a portion of a contribution made by a member of the plan, or an employer who participates in the plan, if (a) the contribution was made to the plan as a consequence of a reasonable error; (b) the payment is made to the member or employer, as the case may be, who made the contribution; and (c) the payment is made no later than December 31 of the year following the year in which the contribution was made. Permitted corrective contribution
An individual or an employer may make a contribution in a calendar year under a money purchase provision of a registered pension plan in respect of the individual if it is a permitted corrective contribution and the provision was a designated money purchase provision in each of the prior years in respect of which the contribution is made.
of the taxation year to a registered pension plan in respect of the employer’s employees or former employees, to the extent that (a) in the case of a contribution in respect of a money purchase provision of a plan, the contribution was made in respect of periods before the end of the taxation year (i) in accordance with the plan as registered, or (i) is an eligible contribution, (ii) was made to fund benefits provided to employees and former employees of the employer in respect of periods before the end of the taxation year, and (c) in the case of a contribution made to a plan that is a specified multi-employer plan, the contribution was made in accordance with the plan as registered and in respect of periods before the end of the taxation year; and (d) the contribution was not deducted in computing the income of the employer for a preceding taxation year.
For the purposes of subsection 147.2(1), a contribution made by an employer to a registered pension plan in respect of the defined benefit provisions of the plan is an eligible contribution if it is a prescribed contribution or if it complies with prescribed conditions and is made pursuant to a recommendation by an actuary in whose opinion the contribution is required to be made so that the plan will have sufficient assets to pay benefits under the defined benefit provisions of the plan, as registered, in respect of the employees and former employees of the employer, where (a) the recommendation is based on an actuarial valuation that complies with the following conditions, except the conditions in subparagraphs 147.2(2)(a)(iii) and 147.2(2)(a)(iv) to the extent that they are inconsistent with any other conditions that apply for the purpose of determining whether the contribution is an eligible contribution: (i) the effective date of the valuation is not more than 4 years before the day on which the contribution is made, (ii) actuarial liabilities and current service costs are determined in accordance with an actuarial funding method that produces a reasonable matching of contributions with accruing benefits, (iii) all assumptions made for the purposes of the valuation are reasonable at the time the valuation is prepared and at the time the contribution is made, (iv) the valuation is prepared in accordance with generally accepted actuarial principles, (v) the valuation complies with prescribed conditions, which conditions may include conditions regarding the benefits that may be taken into account for the purposes of the valuation, and (vi) where more than one employer participates in the plan, assets and actuarial liabilities are apportioned in a reasonable manner among participating employers in respect of their employees and former employees, and (b) the recommendation is approved by the Minister in writing, and, for the purposes of this subsection and except as otherwise provided by regulation, (c) the benefits taken into account for the purposes of a recommendation may include anticipated cost-of-living and similar adjustments where the terms of a pension plan do not require that those adjustments be made but it is reasonable to expect that they will be made, and (d) a recommendation with respect to the contributions required to be made by an employer in respect of the defined benefit provisions of a pension plan may be prepared without regard to such portion of the assets of the plan apportioned to the employer in respect of the employer’s employees and former employees as does not exceed the lesser of (ii) 25% of the amount of actuarial liabilities apportioned to the employer in respect of the employer’s employees and former employees.
(i) le débiteur est réputé avoir disposé du bien à ce moment pour un produit égal à sa juste valeur marchande à ce moment, (ii) seuls les montants découlant de l’application du sous-alinéa (i) sont déductibles dans le calcul du revenu du débiteur par suite du transfert du bien; b) le coût auquel le cessionnaire admissible a acquis le bien à ce moment est réputé égal à sa juste valeur marchande à ce moment; c) le cessionnaire admissible n’est pas tenu d’ajouter un montant dans le calcul de son revenu du seul fait qu’il a acquis le bien à ce moment; d) [Abrogé, 1998, ch. 19, art. 113(1)] Aucun avantage (5.1) Pour l’application de la présente partie, aucune avantage n’est considéré comme conféré à un débiteur du fait qu’il a conclu avec un cessionnaire admissible une convention produite en vertu du présent article. Modalités de production
Where, for the purposes of subsection 147.2(2), a person seeks the Minister’s approval of a recommendation made by an actuary in connection with the contributions to be made by an employer to a registered pension plan in respect of the defined benefit provisions of the plan, the person shall file with the Minister a report prepared by the actuary that contains the recommendation and any other information required by the Minister.
Sous réserve du paragraphe (7), la convention entre un débiteur et un cessionnaire admissible relativement à une dette émise par le débiteur et qui a été réglée à un moment donné est réputée ne pas avoir été produite en vertu du présent article : a) sauf si elle est présentée au ministre sur formulaire prescrit : (i) soit au plus tard au dernier en date des jours suivants : (A) le jour où le débiteur est tenu de produire sa déclaration de revenu en vertu de la présente partie pour l’année d’imposition ou l’exercice, le cas, qui comprend ce moment (ou le jour où il serait tenu de produire cette déclaration s’il avait un impôt payable pour l’année en vertu de la présente partie), (B) le jour où le cessionnaire est tenu de produire sa déclaration de revenu en vertu de la présente partie pour l’année d’imposition ou l’exercice, selon le cas, qui comprend ce moment, (ii) soit au plus tard au dernier en date des jours suivants : (A) l’expiration du délai de 90 jours suivant la date de mise à la poste d’un avis de cotisation (A) le jour qui marque la fin de la période de quatre-vingt-dix jours commençant à la date de mise à la poste d’une cotisation concernant l’impôt à payer en vertu de la présente partie ou d’un avis portant qu’aucun impôt n’est à payer en vertu de la présente partie, selon le cas, pour une année d’imposition ou un exercice visé aux divisions (i)(A) ou (B), selon le cas, (B) si le débiteur est un particulier (sauf une fiducie) ou une succession assujettie à l’imposition à taux progressifs, le jour qui suit d’un an la date d’échéance de production qui lui est applicable pour l’année; b) sauf si elle est accompagnée des documents suivants : (i) si le débiteur est une société et ses administrateurs ont légalement le droit de gérer ses affaires, une copie certifiée conforme de la résolution autorisant la conclusion de la convention, (ii) si le débiteur est une société et ses administrateurs n’ont pas légalement le droit de gérer ses affaires, une copie certifiée conforme du document par lequel la personne qui a ce droit autorise la conclusion de la convention, (iii) si le cessionnaire est une société et ses administrateurs ont légalement le droit de gérer ses affaires, une copie certifiée conforme de la résolution autorisant la conclusion de la convention, (iv) si le cessionnaire est une société et ses administrateurs n’ont pas légalement le droit de gérer ses affaires, une copie certifiée conforme du document par lequel la personne qui a ce droit autorise la conclusion de la convention; c) si une convention modifiant la convention en question a été produite en conformité avec le présent article, sauf dans le cas où le paragraphe (8) s’applique à la convention en question. Déclaration d’une société de personnes
There may be deducted in computing the income of an individual for a taxation year ending after 1990 an amount equal to the total of Service after 1989 (a) the total of all amounts each of which is a contribution (other than a prescribed contribution) made by the individual in the year (i) to a registered pension plan that is in respect of a period after 1989 or that is a prescribed eligible contribution, to the extent that the contribution was made in accordance with the plan as registered, or (i) the amount, if any, by which (A) the total of all amounts each of which is a contribution (other than an additional voluntary contribution or a prescribed contribution) made by the individual in the year or a preceding taxation year and after 1945 to a registered pension plan in respect of a particular year before 1990, if all or any part of the particular year is included in the individual’s eligible service under the plan and if (I) in the case of a contribution that the individual made before March 28, 1988 or was obliged to make under the terms of an agreement in writing entered into before March 28, 1988, the individual was not a contributor to the plan in the particular year, or (II) in any other case, the individual was not a contributor to any registered pension plan in the particular year (B) the total of all amounts each of which is an amount deducted, in computing the individual’s income for a preceding taxation year, in respect of contributions included in the total determined in respect of the individual for the year under clause 147.2(4)(b)(i)(A), (iii) the amount determined by the formula Y is the number of calendar years before 1990 each of which is a year (A) all or any part of which is included in the individual’s eligible service under a registered pension plan to which the individual has made a contribution that is included in the total determined under clause 147.2(4)(b)(i)(A) and in which the individual was not a contributor to any registered pension plan, or (B) all or any part of which is included in the individual’s eligible service under a registered pension plan to which the individual has made a contribution (I) that is included in the total determined under clause 147.2(4)(b)(i)(A), and (II) that the individual made before March 28, 1988 or was obliged to make under the terms of an agreement in writing entered into before March 28, 1988, and in which the individual was not a contributor to the plan, and Z is the total of all amounts each of which is an amount deducted, in computing the individual’s income for a preceding taxation year, (A) in respect of contributions included in the total determined in respect of the individual for the year under clause 147.2(4)(b)(i)(A), or (B) where the preceding year was before 1987, under subparagraph 8(1)(m)(ii) (as it read in its application to that preceding year) in respect of additional voluntary contributions made in respect of a year that satisfies the conditions in the description of Y, and (c) the lesser of (i) the amount by which the amount determined under clause (A) exceeds the amount determined under clause (B): (A) contributions — other than additional voluntary contributions — included in the total determined under clause (B)(i)(A) that the individual made in respect of a taxation year after 1961 to a registered pension plan, and (i) the amount, if any, by which (A) the total of all amounts each of which is a contribution (other than an additional voluntary contribution, a prescribed contribution or a contribution included in the total determined in respect of the individual for the year under clause 147.2(4)(b)(i)(A)) made by the individual in the year or a preceding taxation year and after 1962 to a registered pension plan in respect of a particular year before 1990 that is included, in whole or in part, in the individual’s eligible service under the plan (B) the total of all amounts each of which is an amount deducted, in computing the individual’s income for a preceding taxation year, in respect of contributions included in the total determined in respect of the individual for the year under clause 147.2(4)(c)(i)(A), and (ii) the amount, if any, by which $3,500 exceeds the total of the amounts deducted by reason of paragraphs 147.2(4)(a) and 147.2(4)(b) in computing the individual’s income for the year.
Pour l’application du paragraphe (6), dans le cas où une dette est réglée au cours de l’exercice d’une société de personnes, il est présumé ce qui suit : a) la société de personnes est tenue de produire une déclaration de revenu en vertu de la présente partie pour l’exercice au plus tard le dernier jour où l’un de ses associés au cours de l’exercice est tenu de produire une telle déclaration pour l’année d’imposition dans laquelle cet exercice se termine (ou le dernier jour où Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
For the purpose of determining whether a teacher may deduct an amount contributed by the teacher to a registered pension plan in computing the teacher’s income for a taxation year ending after 1990 and before 1995 during which the teacher was employed by Her Majesty or a person exempt from tax for the year under section 149, (b) the description of Y in subparagraph 147.2(4)(b)(iii) shall be read as follows: “Y represents the number of calendar years before 1990 each of which is a year all or any part of which is included in the individual’s eligible service under a registered pension plan to which the individual has made a contribution that is included in the total determined under clause 147.2(5)(b)(i)(A), and”
Impôt sur le revenu
Where a taxpayer dies in a taxation year, for the purpose of computing the taxpayer’s income for the year and the preceding taxation year, (a) paragraph 147.2(4)(b) shall be read without reference to subparagraph 147.2(6)(a)(ii) and as if the reference to “the least of” were a reference to “the lesser of”; and Letter of credit
For the purposes of this section and any regulations made under subsection 147.1(18) in respect of eligible contributions, an amount paid to a registered pension plan by the issuer of a letter of credit issued in connection with an employer’s funding obligations under a defined benefit provision of the plan is deemed to be an eligible contribution made to the plan in respect of the provision by the employer with respect to the employer’s employees or former employees, if (a) the amount is paid under the letter of credit; (b) the use of the letter of credit is permitted under the Pension Benefits Standards Act, 1985 or a similar law of a province; and (c) the amount would have been an eligible contribution under subsection (2) if (i) it had been paid to the plan by the employer, and (ii) this section were read without reference to this subsection. Former employee of predecessor employer
For the purposes of this section and any regulations made under subsection 147.1(18) in respect of eligible contributions, a former employee of a predecessor employer (as defined by regulation) of a participating employer in relation to a pension plan is deemed to be a former employee of the participating employer in relation to the plan if (a) the former employee would not otherwise be an employee or former employee of the participating employer; and (b) benefits are provided to the former employee under a defined benefit provision of the plan in respect of periods of employment with the predecessor employer. [NOTE: Application provisions are not included in the consolidated text; see relevant amending acts and regulations.] Current to January 22, 2025 Last amended on January 1, 2025
(a) is a single amount; (b) is transferred on behalf of a member in full or partial satisfaction of the member’s entitlement to benefits under a money purchase provision of the plan as registered; and (c) is transferred directly to (i) another registered pension plan to provide benefits in respect of the member under a money purchase provision of that plan, (ii) a registered retirement savings plan under which the member is the annuitant (within the meaning assigned by subsection 146(1)), (iii) a registered retirement income fund under which the member is the annuitant (within the meaning assigned by subsection 146.3(1)), or (iv) a licensed annuities provider to acquire an advanced life deferred annuity for the benefit of the member.
tion s’il avait un impôt payable en vertu de la présente partie pour cette année); b) la société de personnes peut signifier un avis d’opposition visé au sous-alinéa (6)a)(ii) au cours de chaque période pendant laquelle un de ses associés au cours de l’exercice peut signifier un tel avis concernant l’impôt payable en vertu de la présente partie pour une année d’imposition au cours de laquelle cet exercice se termine. Sociétés liées
An amount is transferred from a registered pension plan in accordance with this subsection if the amount (a) is a single amount; (b) is transferred on behalf of a member in full or partial satisfaction of the member’s entitlement to benefits under a money purchase provision of the plan as registered; and (c) is transferred directly to another registered pension plan to fund benefits provided in respect of the member under a defined benefit provision of that plan.
Lorsqu’une société devient liée à une autre société et qu’il est raisonnable de considérer que le principal objet de cet événement est de permettre aux sociétés de produire une convention en vertu du présent article, le montant précisé dans la convention est réputé nul pour l’application de l’élément C de la formule figurant au paragraphe 80(13). Cotisation des contribuables relativement à une convention
An amount is transferred from a registered pension plan (in this subsection referred to as the “transferor plan”) in accordance with this subsection if the amount (a) is a single amount; (b) consists of all or any part of the property held in connection with a defined benefit provision of the transferor plan; (c) is transferred directly to another registered pension plan to be held in connection with a defined benefit provision of the other plan, unless the transfer is to an individual pension plan (as defined in subsection 8300(1) of the Income Tax Regulations) and is in respect of benefits that are attributable to employment with a former employer that is not a participating employer (or its predecessor employer); and (d) is transferred as a consequence of benefits becoming provided under the defined benefit provision of the other plan to one or more individuals who were members of the transferor plan.
Malgré les paragraphes 152(4) à (5), le ministre établit une cotisation ou une nouvelle cotisation concernant l’impôt, les intérêts et les pénalités payables en vertu de la présente loi par un contribuable afin de tenir compte d’une convention produite en vertu du présent article. Obligation du débiteur
An amount is transferred from a registered pension plan in accordance with this subsection if the amount (a) is a single amount no portion of which relates to an actuarial surplus; (b) is transferred on behalf of a member in full or partial satisfaction of benefits to which the member is entitled, either absolutely or contingently, under a defined benefit provision of the plan as registered; (c) does not exceed a prescribed amount; and (i) another registered pension plan and allocated to the member under a money purchase provision of that plan, (ii) a registered retirement savings plan under which the member is the annuitant (within the meaning assigned by subsection 146(1)), or (iii) a registered retirement income fund under which the member is the annuitant (within the meaning assigned by subsection 146.3(1)). (4.1) An amount is transferred from a registered pension plan in accordance with this subsection if the amount (b) is transferred directly to another registered pension plan and allocated under a money purchase provision of that plan to one or more members of that plan. Transfer to RPP, RRSP or RRIF for spouse on marriage breakdown
Sans que l’obligation d’une personne en vertu d’une autre disposition de la présente loi ne soit atteinte, dans le cas où un débiteur et un cessionnaire admissible produisent une convention conclue entre eux en vertu du présent article relativement à une dette émise par le débiteur qui a été réglée à un moment donné, le débiteur est redevable des montants suivants, jusqu’à concurrence du montant représentant 30 % du montant précisé dans la convention : a) si le cessionnaire est une société, les impôts payables par lui en vertu de la présente loi pour les années d’imposition qui se terminent dans la période qui commence à ce moment et se termine quatre années civiles après ce moment; b) si le cessionnaire est une société de personnes, le total des montants représentant chacun l’impôt payable par une personne en vertu de la présente loi pour une année d’imposition qui, à la fois : (i) commence ou se termine dans cette période, (ii) comprend la fin d’un exercice de la société de personnes au cours duquel la personne est un associé de celle-ci; c) les intérêts et pénalités relatifs à ces impôts. (NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.) [1985, c. 1, s. 277; 1998, c. 19, s. 113; 2013, c. 34, ss. 119(2), 214, c. 40, s. 37; 2014, c. 39, s. 16.] Solidarité
An amount is transferred from a registered pension plan in accordance with this subsection if the amount (a) is a single amount no portion of which relates to an actuarial surplus; (b) is transferred on behalf of an individual who is a spouse or common-law partner or former spouse or common-law partner of a member of the plan and who is entitled to the amount under a decree, order or judgment of a competent tribunal, or under a written agreement, relating to a division of property between the member and the individual in settlement of rights arising out of, or on a breakdown of, their marriage or common-law partnership; and (c) is transferred directly to (i) another registered pension plan for the benefit of the individual, (ii) a registered retirement savings plan under which the individual is the annuitant (within the meaning assigned by subsection 146(1)), or (iii) a registered retirement income fund under which the individual is the annuitant (within the meaning assigned by subsection 146.3(1)).
Lorsque des impôts, des intérêts et des pénalités sont payables en vertu de la présente loi par une personne pour une année d’imposition et qu’ils sont payables par un débiteur par l’effet du paragraphe (10), la personne et le débiteur sont solidairement responsables du paiement de ces montants. Cotisation en cas d’assujettissement
An amount is transferred from a registered pension plan in accordance with this subsection if the amount (a) is a single amount; (b) is transferred on behalf of a member who is entitled to the amount as a return of contributions made (or deemed by regulation to have been made) by the member under a defined benefit provision of the plan before 1991, or as interest (computed at a rate not exceeding a reasonable rate) in respect of those contributions; and (c) is transferred directly to (i) another registered pension plan for the benefit of the member, (ii) a registered retirement savings plan under which the member is the annuitant (within the meaning assigned by subsection 146(1)), or (iii) a registered retirement income fund under which the member is the annuitant (within the meaning assigned by subsection 146.3(1)).
Dans le cas où un débiteur et un cessionnaire admissible produisent une convention conclue entre eux en vertu du présent article relativement à une dette émise par le débiteur qui a été réglée à un moment donné, les règles suivantes s’appliquent : a) si le débiteur est un particulier ou une société, le ministre peut, à tout moment ultérieur, établir une cotisation à l’égard du débiteur concernant les impôts, les intérêts et les pénalités dont il est redevable par l’effet du paragraphe (10); b) si le débiteur est une société de personnes, le ministre peut, à tout moment ultérieur, établir une cotisation à l’égard de toute personne qui a été membre de la société de personnes concernant les impôts, les intérêts et les pénalités dont la société de personnes est redevable par l’effet du paragraphe (10), dans la mesure où ces montants concernent des années d’imposition du cessionnaire (ou, si celui-ci est une société de personnes, des membres de cette société) qui se terminent au moment suivant ou postérieurement : (i) si la personne n’est pas un associé de la société de personnes au moment donné, le premier moment postérieur, à ce moment, où elle devient un associé de la société de personnes, (ii) dans les autres cas, le moment donné. Application de la section I
An amount is transferred from a registered pension plan in accordance with this subsection if the amount (a) is a single amount no portion of which relates to an actuarial surplus; (b) is transferred on behalf of an individual who is entitled to the amount as a consequence of the death of a member of the plan and who was a spouse or common-law partner or former spouse or common-law partner of the member at the date of the member’s death; and (c) is transferred directly to (i) another registered pension plan for the benefit of the individual, (ii) a registered retirement savings plan under which the individual is the annuitant (within the meaning assigned by subsection 146(1)), or (iii) a registered retirement income fund under which the individual is the annuitant (within the meaning assigned by subsection 146.3(1)). Transfer where money purchase plan replaces money purchase plan (7.1) An amount is transferred from a registered pension plan (in this subsection referred to as the “transferor plan”) in accordance with this subsection if (a) the amount is a single amount; (b) the amount is transferred in respect of the surplus (as defined by regulation) under a money purchase provision (in this subsection referred to as the “former provision”) of the transferor plan; (c) the amount is transferred directly to another registered pension plan to be held in connection with a money purchase provision (in this subsection referred to as the “current provision”) of the other plan; (d) the amount is transferred in conjunction with the transfer of amounts from the former provision to the current provision on behalf of all or a significant number of members of the transferor plan whose benefits under the former provision are replaced by benefits under the current provision; and (e) the transfer is acceptable to the Minister and the Minister has so notified the administrator of the transferor plan in writing.
La section I s’applique aux cotisations établies en application du paragraphe (12) comme si elles avaient été établies en application de l’article 152. Associés de sociétés de personnes
An amount is transferred from a registered pension plan (in this subsection referred to as the “transferor plan”) in accordance with this subsection if (a) the amount is a single amount; (b) the amount is transferred in respect of the actuarial surplus under a defined benefit provision of the transferor plan; (c) the amount is transferred directly to another registered pension plan to be held in connection with a money purchase provision of the other plan; (d) the amount is transferred in conjunction with the transfer of amounts from the defined benefit provision to the money purchase provision on behalf of all or a significant number of members of the transferor plan whose benefits under the defined benefit provision are replaced by benefits under the money purchase provision; and (e) the transfer is acceptable to the Minister and the Minister has so notified the administrator of the transferor plan in writing. Taxation of amount transferred
Pour l’application des alinéas (10)(b) et (12)(b) et du présent paragraphe, dans le cas où l’associé d’une société de personnes donnée à un moment quelconque est une autre société de personnes, chaque associé de celle-ci est réputé être un associé de la société de personnes donnée à ce moment. (NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir lois et règlements modificatifs applicables.) [1985, ch. 1, art. 277; 1998, ch. 19, art. 113; 2013, ch. 34, art. 119(2) et 214, ch. 40, art. 37; 2014, ch. 39, art. 16.] Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
Where an amount is transferred in accordance with any of subsections 147.3(1) to (8), (a) the amount shall not, by reason only of that transfer, be included by reason of subparagraph 56(1)(a)(i) in computing the income of any taxpayer; and (b) no deduction may be made under any provision of this Act in respect of the amount in computing the income of any taxpayer.
(ii) the greater of (iii) any proceeds of disposition of the asset, or Impôt sur le revenu
Where, on behalf of an individual, an amount is transferred from a registered pension plan (in this subsection referred to as the “transferor plan”) to another plan or fund (in this subsection referred to as the “transferee plan”) that is a registered pension plan, a registered retirement savings plan or a registered retirement income fund and the transfer is not in accordance with any of subsections 147.3(1) to (7), (a) the amount is deemed to have been paid from the transferor plan to the individual; (b) subject to paragraph 147.3(10)(c), the individual shall be deemed to have paid the amount as a contribution or premium to the transferee plan; and (c) where the transferee plan is a registered retirement income fund, for the purposes of subsection 146(5) and Part X.1, the individual shall be deemed to have paid the amount at the time of the transfer as a premium under a registered retirement savings plan under which the individual was the annuitant (within the meaning assigned by subsection 146(1)).
Where an amount is transferred from a registered pension plan to another registered pension plan, to a registered retirement savings plan or to a registered retirement income fund and a portion, but not all, of the amount is transferred in accordance with any of subsections 147.3(1) to (8), (a) subsection 147.3(9) applies with respect to the portion of the amount that is transferred in accordance with any of subsections 147.3(1) to (8); and (b) subsection 147.3(10) applies with respect to the remainder of the amount. Restriction re transfers
A registered pension plan becomes a revocable plan at any time that an amount is transferred from the plan to another registered pension plan, to a registered retirement savings plan or to a registered retirement income fund unless (a) the amount is transferred in accordance with any of subsections 147.3(1) to (8); or (b) where the amount is transferred on behalf of an individual, (i) the amount is deductible by the individual under paragraph 60(j) or (j.2), or (ii) the Pension Benefits Standards Act, 1985 or a similar law of a province prohibits the payment of the amount to the individual. Excess transfer (a) the transfer in a calendar year of an amount from a registered pension plan on behalf of a member of the plan would, but for this subsection, be in accordance with subsection 147.3(1) or (2), and (b) the plan becomes, at the end of the year, a revocable plan as a consequence of an excess determined under any of paragraphs 147.1(8)(a) and (b) and (9)(a) and (b) with respect to the member (whether or not such an excess is also determined with respect to any other member), such portion of the amount transferred as may reasonably be considered to derive from amounts allocated or reallocated to the member in the year or from earnings reasonably attributable to those amounts shall, except to the extent otherwise expressly provided in writing by the Minister, be deemed to be an amount that was not transferred in accordance with subsection 147.3(1) or (2), as the case may be. Withdrawal of excessive transfers to RRSPs and RRIFs (13.1) There may be deducted in computing the income of an individual for a taxation year the lesser of (a) the amount, if any, by which (i) the total of all amounts each of which is an amount included under clause 56(1)(a)(i)(C), paragraph 56(1)(z.3), subsections 146(8), (8.3) or (12) or 146.3(5), (5.1) or (11) in computing the individual’s income for the year, to the extent that the amount is not a prescribed withdrawal, (ii) the total of all amounts each of which is an amount deductible under paragraph 60(l) or subsection 146(8.2) in computing the income of the individual for the year, and (b) the amount, if any, by which (i) the total of all amounts each of which is an amount that was (A) transferred to a registered retirement savings plan or registered retirement income fund under which the individual was the annuitant (within the meaning assigned by subsection 146(1) or 146.3(1), as the case may be), (B) included in computing the income of the individual for the year or a preceding taxation year, and (C) deemed by paragraph 147.3(10)(b) or 147.3(10)(c) to have been paid by the individual as a premium to a registered retirement savings plan, (ii) the total of all amounts each of which is an amount (A) deductible under this subsection in computing the individual’s income for a preceding taxation year, or (B) deducted under subsection 146(5) in computing the individual’s income for a preceding taxation year, to the extent that the amount can reasonably be considered to be in respect of an amount referred to in subparagraph 147.3(13.1)(b)(i). Deemed transfer
For the purposes of this section and the regulations, where property held in connection with a particular pension plan is made available to pay benefits under another pension plan, the property shall be deemed to have been transferred from the particular plan to the other plan. Transfer of property between provisions (14.1) Where property held in connection with a benefit provision of a registered pension plan is made available to pay benefits under another benefit provision of the plan, subsections 147.3(9) to 147.3(11) apply in respect of the transaction by which the property is made so available in the same manner as they would apply if the other benefit provision were in another registered pension plan. (a) at any time an individual acquires, in full or partial satisfaction of the individual’s entitlement to benefits under a registered pension plan, an interest in an annuity contract (other than an advanced life deferred annuity) purchased from a licensed annuities provider, (b) the rights provided for under the contract are not materially different from those provided for under the plan as registered, (c) the contract does not permit premiums to be paid at or after that time, other than (i) a premium paid at that time out of or under the plan to purchase the contract, or (ii) a premium paid after that time to acquire additional benefits consequential to proceedings commenced under the Bankruptcy and Insolvency Act or the Companies’ Creditors Arrangement Act, (d) either the plan is not a plan in respect of which the Minister may, under subsection 147.1(11), give a notice of intent to revoke the registration of the plan or the Minister waives the application of this paragraph with respect to the contract and so notifies the administrator of the plan in writing, and (e) the individual does not acquire the interest as a consequence of a transfer of property from the plan to a registered retirement savings plan or a registered retirement income fund, the following rules apply for the purposes of this Act: (f) the individual is deemed not to have received an amount out of or under the registered pension plan as a consequence of acquiring the interest, and (g) other than for the purposes of sections 147.1 and 147.3, any amount received at or after that time by any individual under the contract is deemed to have been received under the registered pension plan. (a) an amendment is made at any time to an annuity contract to which subsection (1) or paragraph 254(a) applies, other than an amendment the sole effect of which is to (i) defer annuity commencement to no later than the end of the calendar year in which the individual in respect of whom the contract was purchased attains 71 years of age, or (ii) enhance benefits under the annuity contract in connection with the demutualization (as defined by subsection 139.1(1)) of an insurance corporation that is considered for the purpose of section 139.1 to have been a party to the annuity contract, and (b) the rights provided for under the contract are materially altered as a consequence of the amendment, the following rules apply for the purposes of this Act: (c) each individual who has an interest in the contract immediately before that time is deemed to have received at that time the payment of an amount under a pension plan equal to the fair market value of the interest immediately before that time, (d) the contract as amended is deemed to be a separate annuity contract issued at that time otherwise than pursuant to or under a superannuation or pension fund or plan, and (e) each individual who has an interest in the separate annuity contract immediately after that time is deemed to have acquired the interest at that time at a cost equal to the fair market value of the interest immediately after that time.
vendus, la somme reçue par le contribuable en raison de l’acquisition par lui de la contre-valeur; toutefois, le contribuable ne peut en aucun cas indiquer, relativement à la contre-valeur des biens expropriés, une somme telle que le produit de disposition qu’il a tiré des biens étrangers ainsi pris ou vendus (calculé conformément à l’alinéa f)) soit inférieur au coût indiqué, pour le contribuable, de ces biens étrangers immédiatement avant qu’ils n’aient été ainsi pris ou vendus. Choix concernant les intérêts reçus ou à recevoir sur la contre-valeur des biens expropriés
For the purposes of this Act, where an annuity contract (in this subsection referred to as the "original contract") to which subsection 147.4(1) or paragraph 254(a) applies is, at any time, substituted by another contract, (a) if the rights provided for under the other contract (i) are not materially different from those provided for under the original contract, or (ii) are materially different from those provided for under the original contract only because of an enhancement of benefits that can reasonably be considered to have been provided solely in connection with the demutualization (as defined by subsection 139.1(1)) of an insurance corporation that is considered for the purposes of section 139.1 to have been a party to the original contract, the other contract is deemed to be the same contract as, and a continuation of, the original contract; and (b) in any other case, each individual who has an interest in the original contract immediately before that time is deemed to have received at that time the payment of an amount under a pension plan equal to the fair market value of the interest immediately before that time. Pooled Registered Pension Plans
Lorsqu’un contribuable a choisi, selon le formulaire et dans le délai prescrits, à l’égard de tous les montants (dont chacun est appelé un « montant d’intérêt » au présent article) qu’il a reçus ou aura à recevoir au titre d’intérêts sur toutes les contre-valeurs de biens expropriés qu’il a acquises en compensation ou en contrepartie de la vente de biens étrangers pris ou vendus à un émetteur donné, de la façon indiquée au paragraphe (1), les règles suivantes s’appliquent à l’égard de chacune de ces contre-valeurs ainsi acquises par lui: (a) dans le calcul du revenu que le contribuable a tiré d’une contre-valeur pour une année d’imposition, il peut être déduit, à l’égard de chaque montant d’intérêt qu’il a reçu au cours de l’année sur cette contre-valeur, le moins élevé du montant d’intérêt et du total des montants suivants: (i) la somme dont l’alinéa b) exige l’inclusion, en raison du fait qu’il a reçu le montant d’intérêt, dans le calcul du prix de base rajusté de la contre-valeur pour le contribuable, (ii) le plus élevé des montants suivants: (A) le prix de base rajusté de la contre-valeur pour le contribuable immédiatement avant qu’il ait ainsi reçu le montant d’intérêt, (B) le principal rajusté de la contre-valeur pour le contribuable, immédiatement avant qu’il ait ainsi reçu le montant d’intérêt, en outre, il doit être inclus, à l’égard de chaque montant (appelé « montant en capital » au présent alinéa) que le contribuable a reçu au cours de l’année au titre ou en paiement intégral ou partiel: (iii) soit de tout produit de disposition de la contre-valeur, (iv) soit du principal de la contre-valeur, un montant égal à l’excédent éventuel du montant de capital sur le plus élevé du prix de base rajusté de la contre-valeur pour le contribuable, immédiatement avant qu’il ait reçu le montant de capital, et de son principal rajusté pour lui à ce moment; b) dans le calcul, à un moment donné, du prix de base rajusté de la contre-valeur pour le contribuable, il doit être inclus, à l’égard de chaque montant d’intérêt qu’il a reçu sur la contre-valeur avant le moment donné, une somme égale au moins élevé des montants suivants : (i) tout impôt sur le revenu ou sur les bénéfices que le contribuable a payé au gouvernement d’un pays étranger à l’égard du montant d’intérêt, (ii) la fraction de l’impôt mentionné au sous-alinéa (i) que représente le rapport entre le prix de base rajusté, pour le contribuable, de la contre-valeur immédiatement avant que celui-ci ait reçu le montant d’intérêt sur l’actif et l’excédent éventuel du montant d’intérêt sur l’impôt mentionné à ce sous-alinéa, et il doit être déduit : (iii) chaque montant d’intérêt qu’a reçu le contribuable sur la contre-valeur avant le moment donné, (iv) chaque somme qu’il a reçue avant le moment donné au titre du principal de la contre-valeur; c) le fait, pour le contribuable, de recevoir un montant visé au sous-alinéa b)(iv) à l’égard de la contre-valeur est réputé ne pas constituer une disposition partielle de celui-ci; d) pour l’application de l’article 126, malgré la définition de impôt sur le revenu ne provenant pas d’une entreprise au paragraphe 126(7), l’impôt sur le revenu ne provenant pas d’une entreprise, payé par un contribuable, ne vise pas tout impôt, ou une partie de celui-ci, dont l’alinéa b) exige l’inclusion dans le calcul du prix de base rajusté, pour le contribuable, de la contre-valeur. Cas où un montant d’intérêt et un montant de capital sont reçus en même temps
administrator, of a pooled pension plan, means (a) a corporation resident in Canada that is responsible for the administration of the plan and that is authorized under the Pooled Registered Pension Plans Act or a similar law of a province to act as an administrator for one or more pooled pension plans; or (b) an entity designated in respect of the plan under section 21 of the Pooled Registered Pension Plans Act or any provision of a law of a province that is similar to that section. (administrateur) designated pooled pension plan, for a calendar year, means a pooled pension plan that, at any time in the year (other than the year in which the plan became registered as a PRPP), meets any of the following conditions: (a) the plan has fewer than 10 participating employers; (b) the fair market value of the property held in connection with the accounts of all members of the plan employed by a particular participating employer exceeds 50% of the fair market value of the property held in connection with the plan; (c) more than 50% of the members of the plan are employed by a particular participating employer; or exempt earned income, of a taxpayer for a taxation year, means the total of all amounts each of which is an amount that is (a) not included in the taxpayer’s earned income (as defined in subsection 146(1)) for the year and that would be so included but for paragraph 81(1)(a) as it applies with respect to the Indian Act; and (b) reported by the taxpayer in prescribed form filed with the Minister by the taxpayer’s filing-due date for the year, or such later date as is acceptable to the Minister, provided that the later date is within three calendar years following the end of the year. (revenu gagné exonéré) exempt-income contribution amount, of a taxpayer for a taxation year, means the total of (a) all amounts each of which is a contribution to a PRPP made by the taxpayer for the year that is not deductible in computing the income of the taxpayer because of subsection (32), and (b) the amount, if any, designated under subsection (34) by the taxpayer for the year in prescribed form filed with the Minister by the taxpayer’s filing-due date for the year, or such later date as is acceptable to the Minister, provided that the later date is within three calendar years following the end of the year. (cotisation provenant du revenu exonéré) member, of a pooled pension plan, means an individual (other than a trust) who holds an account under the plan. (participant) participating employer, in relation to a pooled pension plan for a calendar year, means an employer that, in the year, (a) makes contributions to the plan in respect of all or a class of its employees or former employees; or (b) remits to the administrator of the plan contributions made by members of the plan under a contract with the administrator in respect of all or a class of its employees. (employeur participant) pooled pension plan means a plan that is registered under the Pooled Registered Pension Plans Act or a similar law of a province. (régime de pension collectif) pooled registered pension plan or PRPP means a pooled pension plan that has been accepted for registration by the Minister for the purposes of this Act, which qualifying annuity, for an individual, means an annuity (other than an advanced life deferred annuity) that (a) is payable to (ii) the individual for the lives, jointly, of the individual and the individual’s spouse or common-law partner and to the survivor of them for the survivor’s life; (b) is payable beginning no later than the later of (i) the end of the calendar year in which the individual attains 71 years of age, and (ii) the end of the calendar year in which the annuity is acquired; (c) unless the annuity is subsequently commuted into a single payment, is payable (i) at least annually, and (ii) in equal amounts or is not so payable solely because of an adjustment that would, if the annuity were an annuity under a retirement savings plan, in accordance with any of subparagraphs 146(3)(b)(iii) to (v); (i) the period not exceed 15 years, and (ii) in the event of the later of the death of the individual and that of the individual’s spouse or common-law partner during the period, any remaining amounts otherwise payable be commuted into a single payment as soon as practicable after the later death; and (e) does not permit any premiums to be paid, other than the premium paid from the PRPP to acquire the annuity. (rente admissible) qualifying survivor, in relation to a member of a PRPP, means an individual who, immediately before the death of the member (a) was a spouse or common-law partner of the member; or (b) was a child or grandchild of the member who was financially dependent on the member for support. restricted investment, for a pooled pension plan, means (a) a debt of a member of the plan; (b) a share of, an interest in, or a debt of (i) a corporation, partnership or trust in which a member of the plan has a significant interest, or (ii) a person or partnership that does not deal at arm’s length with the member of the plan or with a person or partnership described in subparagraph (i); (c) an interest (or, for civil law, a right in), or a right to acquire, a share, interest or debt described in paragraph (a) or (b); or single amount means an amount that is not part of a series of periodic payments. (montant unique) successor member means an individual who was the spouse or common-law partner of a member of a PRPP immediately before the death of the member and who acquires, as a consequence of the death, all of the member’s rights in respect of the member’s account under the PRPP. (participant remplaçant) unused non-deductible PRPP room, of a taxpayer at the end of a taxation year, means the amount determined by the formula A is the amount of the taxpayer’s unused RRSP deduction room at the end of the year, determined in accordance with subsection (33); and
Pour l’application du paragraphe (2), lorsqu’un contribuable reçoit en même temps un montant d’intérêt sur la contre-valeur d’un bien exproprié et un montant de capital relatif à cette contre-valeur, il est réputé avoir reçu le montant d’intérêt immédiatement avant le montant de capital. Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
The Minister may accept for registration a pooled pension plan for the purposes of this Act, but shall not accept for registration any plan unless application for registration is made in prescribed manner by the plan administrator and, in the Minister’s opinion, the plan complies with the following conditions: (a) the primary purpose of the plan is to accept and invest contributions in order to provide retirement income to plan members, subject to the limits and other requirements under this Act; (b) a single and separate account is maintained for each member under the member’s Social Insurance Number (i) to which are credited all contributions made to the plan in respect of the member, and any earnings of the plan allocated to the member, and (ii) to which are charged all payments and distributions made in respect of the member; (c) the only benefits provided under the plan in respect of each member are benefits determined solely with reference to, and provided by, the amount in the member’s account; (d) all earnings of the plan are allocated to plan members on a reasonable basis and no less frequently than annually; (e) the arrangement under which property is held in connection with the plan is acceptable to the Minister; (f) no right of a person under the plan is capable of being assigned, charged, anticipated, given as security or surrendered, other than (i) an assignment pursuant to a decree, order or judgment of a competent tribunal, or under a written agreement, relating to a division of property between the member and the member’s spouse or common-law partner or former spouse or common-law partner, in settlement of rights arising out of, or on a breakdown of, their marriage or common-law partnership, (ii) an assignment by the legal representative of a deceased individual on the distribution of the individual's estate, or (iii) a surrender of benefits payable to a qualifying survivor of a member after the member's death, to the extent permitted under the Pooled Registered Pension Plans Act or a similar law of a province; (g) the plan requires that all amounts contributed or allocated to a member's account vest immediately and indefeasibly for the benefit of the member; (h) the plan permits the payment of an amount to a member if the amount is paid to reduce the amount of tax that would otherwise be payable under Part X.1 by the member; (i) any amount payable from an account of a member after the death of the member is paid as soon as practicable after the death; (j) there is no reason to expect that the plan may become a revocable plan; and
(a) an amount equal to (iii) notwithstanding subsection 52(2), the cost to the taxpayer of the asset, and --- Impôt sur le revenu
A pooled registered pension plan becomes a revocable plan at any time that (a) a contribution is made to the plan other than an amount (i) paid by a member of the plan, (ii) paid by an employer or former employer of a member of the plan in respect of the member, or (iii) transferred to the plan in accordance with any of subsections (21), 146(16) and (21), 146.3(14) and (14.1), 147(19) and 147.3(1), (4) and (5) to (7); (b) a contribution is made to the plan in respect of a member after the calendar year in which the member attains 71 years of age, other than an amount (i) described in subparagraph (a)(iii), or (ii) if subsection 60.022(1) applies, described in any of subclauses 60(l)(v)(B.2)(II) to (IV) as read in that subsection; Pooled Registered Pension Plans (c) a participating employer makes contributions to the plan in a calendar year in respect of a member of the plan in excess of the RRSP dollar limit for the year, except in accordance with a direction by the member; (d) a distribution is made from the plan other than (i) a payment of benefits in accordance with subsection (5), or (A) if a contribution to the plan has been made as a result of a reasonable error by a member of the plan or a participating employer in relation to the plan and the return of contributions is made to the person who made the contribution no later than December 31 of the year following the calendar year in which the contribution was made, (B) to avoid the revocation of the registration of the plan, (C) to reduce the amount of tax that would otherwise be payable under Part X.1 by a member, (D) to comply with any requirement under this Act; (e) property is held in connection with the plan that (i) the administrator knew or ought to have known was a restricted investment for the plan, or (ii) in the case of a designated pooled pension plan, is a share or debt of, or an interest in, a participating employer of the plan or any person or partnership that does not deal at arm’s length with a participating employer, or an interest (or, for civil law, a right in) in, or a right to acquire, such a share, debt or interest; (f) the value of a member’s right under the plan depends on the value of, or income or capital gains in respect of, property that would be described in paragraph (e) if it were held in connection with the plan; (g) the administrator borrows money or other property for the purposes of the plan; or (h) the plan or the administrator does not comply with a prescribed condition. Pooled Registered Pension Plans Non-payment of minimum amount
A PRPP becomes a revocable plan at the beginning of a calendar year if the total amount distributed from a member’s account under the PRPP in the calendar year is less than the amount that would be the minimum amount for the calendar year under subsection 8506(5) of the Income Tax Regulations if the member’s account were an account under a money purchase provision of a registered pension plan.
The following benefits may be provided under a pooled pension plan: (a) the payment of benefits to a member that would be in accordance with paragraph 8506(1)(e.1) or (e.2) of the Income Tax Regulations if the benefits were provided under a money purchase provision of a registered pension plan; and (b) the payment of a single amount from the member’s account. Additional conditions
The Minister may, at any time, impose reasonable conditions, in writing, applicable with respect to PRPPs, a class of PRPPs or a particular PRPP. Acceptance of amendments
Contre-valeur acquise par l’actionnaire auprès d’une société étrangère affiliée du contribuable à titre de dividende en nature ou de prestation
The Minister shall not accept an amendment to a PRPP unless (a) application for the acceptance is made in prescribed manner by the administrator of the PRPP; and (b) the amendment and the PRPP as amended comply with the registration conditions specified in subsection (2). Trust not taxable
Lorsqu’une société étrangère affiliée d’un contribuable résidant au Canada aurait, à supposer que celle-ci réside au Canada et que ses seules sociétés étrangères affiliées soient des sociétés étrangères affiliées du contribuable, le droit de faire choix en vertu du paragraphe (1) à l’égard des contre-valeurs qu’elle a acquises et qui seraient, dans cette hypothèse, des contre-valeurs expropriées de la société étrangère affiliée, et que le contribuable acquiert par la suite tout ou partie de ces contre-valeurs auprès de la société étrangère affiliée, à titre de dividende en nature ou de prestation reçue de celle-ci, qui serait autrement incluse dans le calcul du revenu du contribuable, si le contribuable a fait choix, selon la formule et dans le délai prescrits, à l’égard de toutes les contre-valeurs qu’il a ainsi acquises auprès de la société étrangère affiliée, les règles suivantes s’appliquent à l’égard de chacune de ces contre-valeurs ainsi acquises par lui : a) un montant égal : (i) au principal de celle-ci, (ii) lorsque le contribuable a indiqué dans son choix un montant, à l’égard de cette contre-valeur, qui est inférieur au principal de celle-ci, au montant ainsi indiqué, est réputé être : (iii) malgré le paragraphe 52(2), le coût, pour le contribuable de la contre-valeur, (iv) le montant du dividende ou de la prestation reçue par le contribuable en raison du fait qu’il a acquis la contre-valeur; b) lorsque la contre-valeur a été ainsi acquise à titre de prestation de ce genre et que le contribuable a désigné dans son choix une catégorie d’actions visée au présent alinéa à l’égard de la contre-valeur, le montant de la prestation est réputé : (i) avoir été reçu par le contribuable, à titre de dividende, de la société étrangère affiliée à l’égard de la catégorie d’actions du capital-actions de celle-ci que le contribuable a désignée dans son choix, (ii) ne pas être une somme dont le paragraphe 15(1) exige l’inclusion dans le calcul du revenu du contribuable; c) dans le calcul du revenu imposable du contribuable pour l’année d’imposition dans laquelle il a acquis la contre-valeur, il peut être déduit de son revenu pour l’année une somme égale à l’excédent éventuel du montant qu’il a reçu à titre de dividende, en raison du fait qu’il a acquis la contre-valeur, sur le total des sommes déductibles, à l’égard du dividende, en vertu des articles 91 et 113, dans le calcul du revenu ou du revenu imposable du contribuable, le cas, pour l’année; d) il doit être déduit, dans le calcul du prix de base rajusté, pour le contribuable, de chaque action du capital-actions de la société étrangère affiliée faisant partie de la catégorie d’actions à l’égard de laquelle il a reçu un montant à titre de dividende, par suite de l’acquisition par lui de la contre-valeur, le quotient de la division de toute somme qui a été déduite du contribuable, en vertu de l’alinéa c), à l’égard du dividende par le nombre d’actions de cette catégorie appartenant au contribuable immédiatement avant qu’il ne reçoive cette somme à titre de dividende; e) toute perte en capital subie par le contribuable par suite de la disposition, après le moment où le contribuable a ainsi acquis cette contre-valeur, d’une action du capital-actions de la société étrangère affiliée est réputée être nulle; et f) si le contribuable a ainsi choisi, selon le formulaire et dans le délai prescrits, le paragraphe (2) s’applique comme si la contre-valeur était la contre-valeur d’un bien exproprié qu’il a acquise en compensation de biens étrangers qu’un émetteur donné a pris comme il est prévu au paragraphe (1). Contre-valeur acquise auprès d’une société étrangère affiliée du contribuable à la suite du règlement, etc., d’une dette
No tax is payable under this Part by a trust governed by a PRPP on its taxable income for a taxation year, except that, if at any time in the year, it carries on a business, tax is payable under this Part by the trust on the amount that would be its taxable income for the year if it had no income or losses from sources other than the business, and for this purpose, (a) all capital gains and capital losses from the disposition of property held in connection with the business are deemed to be income or losses, as the case may be, from the business; and (b) the trust’s income is to be computed without reference to subsections 104(6), (19) and (21).
Lorsqu’une société étrangère affiliée d’un contribuable résident au Canada aurait, à supposer que celle-ci fût résidente au Canada et que ses seules sociétés étrangères affiliées soient des sociétés étrangères affiliées du contribuable, le droit de faire un choix en vertu du paragraphe (1) à l’égard des contre-valeurs qu’elle a acquises et qui seraient, dans cette hypothèse, des contre-valeurs de biens expropriés de la société étrangère affiliée, et que le contribuable acquiert par la suite tout ou partie de ces contre-valeurs auprès de la société étrangère affiliée à titre de contrepartie du règlement ou de l’extinction d’une dette représentant un immobilisation du contribuable que la société étrangère affiliée doit au contribuable ou de toute autre obligation que la société affiliée de payer une somme au contribuable (cette dette ou autre obligation étant appelée « l’obligation » au présent paragraphe), si le contribuable a ainsi choisi, selon le formulaire et dans le délai prescrits, à l’égard de toutes les contre-valeurs qu’il a ainsi acquises auprès de la société étrangère affiliée, les règles suivantes s’appliquent à Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
The administrator of a PRPP shall exercise the care, diligence and skill of a reasonably prudent trustee to minimize the possibility that the registration of the PRPP may be revoked other than at the request of the administrator. Employer contributions deductible
(d) paragraphs (4)(c) to (f) apply in respect of the asset. Impôt sur le revenu
There may be deducted in computing a taxpayer’s income for a taxation year, the total of all amounts each of which is a contribution made by the taxpayer in the year or within 120 days after the end of the year to a PRPP in respect of the taxpayer’s employees or former employees to the extent that the contribution (a) was made in accordance with the PRPP as registered and in respect of periods before the end of the year; and (b) was not deducted in computing the taxpayer’s income for a preceding taxation year. Member contributions
For the purposes of paragraphs 60(j), (j.1) and (l), section 146 (other than subsections (8.3) to (8.7)), paragraphs 146.01(3)(a) and 146.02(3)(a) and Parts X.1 and X.5, a contribution made to a PRPP by a member of the PRPP is deemed to be a premium paid by the member to an RRSP under which the member is the annuitant. right or interest in subsection 128.1(10), paragraph 146.8(2)(b), subsection 146.8(21), paragraphs 146(1)(a) and (b), subparagraph 146(21)(a)(ii), paragraph (b) of the definition excluded premium in subsection 146.01(1), paragraph (c) of the definition excluded premium in subsection 146.02(1), subsections 146.3(14) and 147(19) to (21), sections 147.3 and 160.2 and paragraphs 212(1)(j.1) and (m), and of regulations made under subsection 147.1(18), a member’s account under a PRPP is deemed to be a registered retirement savings plan under which the member is the annuitant. Taxable amounts
There shall be included in computing the income of a taxpayer for a taxation year (a) if the taxpayer is a member of a PRPP, the total of all amounts each of which is a distribution made in the year from the member’s account under the PRPP, other than an amount that is (i) included in computing the income of another taxpayer for the year under paragraph (b), (ii) described in subsection (22), or (iii) distributed after the death of the member; (b) if the taxpayer is a participating employer in relation to a PRPP, the total of all amounts each of which is a return of contributions that is described in clause (3)(d)(ii)(A) and that is made to the taxpayer in the year. Treatment on death — no successor member
If a member of a PRPP dies and there is no successor member in respect of the deceased member’s account under the PRPP, an amount, equal to the amount by which the fair market value of all property held in connection with the account immediately before the death exceeds the total of all amounts distributed from the account that are described in subsection (16), is deemed to have been distributed from the account immediately before the death. Treatment on death — successor member
a) l'alinéa (4)a) s'applique à l'égard de cette contre-valeur comme si le sous-alinéa (4)a)(iv) était ainsi libellé: « (iv) le produit que le contribuable retire de la disposition de l'obligation réglée ou éteinte par suite de l'acquisition qu'il a faite de la contre-valeur; » b) lorsque le contribuable a désigné dans son choix une catégorie d'actions visée au présent alinéa à l'égard de la contre-valeur: (i) l'excédent éventuel du coût, pour le contribuable, de la contre-valeur (calculé compte tenu de l'alinéa a) et de l'alinéa (4)a)) sur le montant de l'obligation réglée ou éteinte par suite de l'acquisition qu'il a faite de la contre-valeur est réputé avoir été reçu par ce contribuable de la société étrangère affiliée à titre de dividende à l'égard de la catégorie d'actions du capital-actions de celle-ci que le contribuable a désignée dans le choix, (ii) le gain que le contribuable a réalisé sur la disposition de l'obligation est réputé être nul; c) la perte que le contribuable a subie sur la disposition de l'obligation est réputée être nulle; d) les alinéas (4)c) à f) s'appliquent à la contre-valeur. Contre-valeur acquise auprès d'une société affiliée du contribuable à la suite d'une liquidation, etc.
If a member of a PRPP dies and there is a successor member in respect of the deceased member’s account under the PRPP, (a) the account ceases to be an account of the deceased member at the time of the death; (b) the successor member is, after the time of the death, deemed to hold the account as a member of the PRPP; and (c) the successor member is deemed to be a separate member in respect of any other account under the PRPP that the successor member holds. Qualifying survivor
Lorsqu'une société étrangère affiliée d'un contribuable résidant au Canada aurait, à supposer que celle-ci réside au Canada et que ses seules sociétés étrangères affiliées soient des sociétés étrangères affiliées du contribuable, le droit de faire un choix en vertu du paragraphe (1) à l'égard des contre-valeurs qu'elle a acquises et qui seraient, dans cette hypothèse, des biens expropriés de la société étrangère affiliée, et que tout ou partie de ces contre-valeurs acquises par la société étrangère affiliée: a) soit à l'occasion de la liquidation de la réorganisation de l'entreprise de la société étrangère affiliée, ou de la cessation de l'exploitation de l'entreprise; b) soit en contrepartie du rachat, de l'annulation ou de l'acquisition, par la société étrangère affiliée, d'actions de son capital-actions, si le contribuable a fait ce choix selon le formulaire et dans le délai prescrits: exceeds c) à l’égard de toutes les contre-valeurs qu’il a ainsi acquises auprès de la société étrangère affiliée, le paragraphe (1) s’applique à chacune de ces contre-valeurs; d) à l’égard de toutes les sommes qu’il a reçues ou qu’il doit recevoir à titre d’intérêt de toutes les contre-valeurs qu’il a ainsi acquises auprès de la société étrangère affiliée, le paragraphe (2) s’applique à chacune de ces contre-valeurs, comme si ces contre-valeurs étaient des contre-valeurs de biens expropriés que le contribuable a acquises en contrepartie de la vente de biens étrangers constitués par des actions du capital-actions de la société étrangère affiliée qui appartenaient au contribuable immédiatement avant qu’il n’ait ainsi acquis ces contre-valeurs, et qui ont été vendus à un émetteur donné comme il est prévu au paragraphe (1). Principal rajusté
If, as a consequence of the death of a member of a PRPP, an amount is distributed in a taxation year from the member’s account under the PRPP to, or on behalf of, a qualifying survivor of the member, the amount shall be included in computing the survivor’s income for the year, except to the extent that it is an amount described in subsection (22). Deemed distribution to qualifying survivor
Au présent article, le principal rajusté, pour un contribuable, de la contre-valeur d’un bien exproprié à un moment donné est l’excédent éventuel du total visé à l’alinéa a) sur le total visé à l’alinéa b): a) le total du principal de la contre-valeur et, à l’égard de chaque montant d’intérêt qu’a reçu le contribuable sur la contre-valeur avant le moment donné, le moins élevé de l’impôt mentionné au sous-alinéa (2)b)(ii) relativement à ce montant d’intérêt et de la fraction déterminée en vertu du sous-alinéa (2)b)(ii) relativement à celui-ci; b) le total de chaque somme qu’a reçue le contribuable avant le moment donné à titre de montant d’intérêt sur la contre-valeur et de chaque somme qu’il a reçue avant le moment donné au titre ou en paiement intégral ou partiel du principal de la contre-valeur. Devise à utiliser pour calculer ou exprimer le principal rajusté
If an amount is distributed at any time from a deceased member’s account under a PRPP to the member’s legal representative and a qualifying survivor of the member is entitled to all or a portion of the amount in full or partial satisfaction of the survivor’s rights as a beneficiary (as defined in subsection 108(1)) under the deceased’s estate, then, for the purposes of subsection (16), the amount or portion of the amount, as the case may be, is deemed to have been distributed at that time from the member’s account to the qualifying survivor (and not to the legal representative) to the extent that it is so designated jointly by the legal representative and the qualifying survivor in prescribed form filed with the Minister. Post-death increase in value
Pour l’application du présent article, le principal rajusté de la contre-valeur d’un bien exproprié, à un moment donné, ou de toute contre-valeur réputée, pour l’application du présent article, être contre-valeur d’un bien exproprié doit être calculé dans la devise à utiliser pour payer le principal de la contre-valeur, selon les modalités y visées; il est toutefois entendu que, pour l’application de l’alinéa (2)a), le principal rajusté, à un moment donné, d’une telle contre-valeur, est son principal rajusté à ce moment calculé comme il est prévu à ce paragraphe, mais exprimé en monnaie canadienne. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 80.1; 2001, c. 17, s. 210. Application
There shall be included in computing the income for a taxation year of a taxpayer who is not a qualifying survivor in relation to a member of a PRPP, the total of all amounts each of which is an amount determined by the formula A is the amount of a distribution made in the year from the member’s account under the PRPP as a consequence of the member’s death to, or on behalf of, the taxpayer, and B is an amount designated by the administrator of the PRPP not exceeding the lesser of (a) the amount of the distribution, and (b) the amount by which the fair market value of all property held in connection with the account immediately before the death exceeds the total of all amounts each of which is (i) the value of B in respect of any prior distribution made from the account, or (ii) an amount distributed from the account to, or on behalf of, a qualifying survivor in relation to the member as a consequence of the death of the member. Post-death decrease in value
Applying paragraph 18(1)(m) Exception for certain partnership reimbursements (d) the taxpayer’s share of the original amount in respect of the initial payment is greater than the initial payment; (g) the specified amount is paid before 2006. Interpretation — portion of the original amount Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
There may be deducted in computing the income of a member of a PRPP for the taxation year in which the member dies, an amount not exceeding the amount determined, after all amounts payable from the member’s account under the PRPP have been distributed, by the formula A is the total of all amounts each of which is an amount in respect of the account (a) included in the member’s income under subsection (13) because of the application of subsection (14), (b) included in the income of another taxpayer under subsection (16) or (18), or (c) transferred in accordance with subsection (21) under circumstances described in subparagraph (21)(b)(iii); and B is the total of all distributions made from the account after the member’s death.
Except where the Minister has waived in writing the application of this subsection with respect to all or any portion of the amount determined in subsection (19) in respect of a member’s account under a PRPP, that subsection does not apply if the last distribution from the account was made after the end of the calendar year following the year in which the member died. Transfer of amounts
Except for the purposes of this section and subparagraph 53(1)(c)(iv.1), Eligible portion of a specified amount
An amount is transferred from a member’s account under a PRPP in accordance with this subsection if the amount (a) is a single amount; Pooled Registered Pension Plans (b) is transferred on behalf of an individual who (i) is the member, (ii) is a spouse or common-law partner or former spouse or common-law partner of the member and who is entitled to the amount under a decree, order or judgment of a competent tribunal, or under a written agreement, relating to a division of property between the member and the individual, in settlement of rights arising out of, or on a breakdown of, their marriage or common-law partnership, or (iii) is entitled to the amount as a consequence of the death of the member and was a spouse or common-law partner of the member immediately before the death; and (c) is transferred directly to (ii) another PRPP in respect of the individual, (iv) a registered retirement savings plan or registered retirement income fund under which the individual is the annuitant, (v) a licensed annuities provider to acquire a qualifying annuity for the individual, or (vi) a licensed annuities provider to acquire an advanced life deferred annuity for the benefit of the member. (a) the amount shall not, by reason only of that transfer, be included in computing the income of the individual; and (b) no deduction may be made in respect of the amount in computing the income of any taxpayer. Taxation of qualifying annuity
The eligible portion of a specified amount is (a) an amount equal to the specified amount if Impôt sur le revenu
If an amount is transferred in accordance with subsection (21) to acquire a qualifying annuity, there shall be Pooled Registered Pension Plans included — under this section and not under any other provision of this Act — in computing an individual’s income for a taxation year any amount received by the individual during the year out of or under the annuity or as proceeds from a disposition in respect of the annuity.
The Minister may give notice (in subsections (25) and (26) referred to as a “notice of intent”) to an administrator of a PRPP in writing that the Minister intends to revoke the registration of the plan as a PRPP if (a) the plan does not comply with the conditions for registration in subsection (2); (b) the plan is not administered in accordance with the terms of the plan as registered; (c) the plan becomes a revocable plan; (d) a condition imposed under subsection (6) that applies with respect to the plan is not complied with; or (e) registration of the plan under the Pooled Registered Pension Plans Act or a similar law of a province is refused or revoked. Date of revocation
The notice of intent shall specify the date on which revocation of a PRPP is to be effective, which date shall not be earlier than the earliest date on which one of the events described in subsection (24) occurs. Notice of revocation
At any time after 30 days after the day on which the notice of intent is mailed to an administrator of a PRPP, the Minister may give notice (in this subsection and in subsection (27) referred to as a “notice of revocation”) in writing to the administrator that the registration of the PRPP is revoked as of the date specified in the notice of revocation and that date may not be earlier than the date specified in the notice of intent.
de l’alinéa 18(1)m), si la somme initiale était égale à la partie admissible du montant de remboursement. Somme à inclure dans le revenu du bénéficiaire
If the Minister gives a notice of revocation to the administrator of a PRPP, the registration of the PRPP is revoked as of the date specified in the notice of revocation, unless the Federal Court of Appeal or a judge of that Court, on application made at any time before the determination of an appeal pursuant to subsection 172(3), orders otherwise. Voluntary revocation
Le bénéficiaire doit inclure dans le calcul de son revenu, pour son année d’imposition ou exercice au cours duquel la somme initiale a été payée ou est devenue à payer ou à recevoir, l’excédent du montant de remboursement sur sa partie admissible. Somme déductible par le contribuable
If the administrator of a PRPP so requests in writing, the Minister may give notice in writing to the administrator that the registration of the PRPP is revoked as of a specified date and that date may not be earlier than the date specified in the administrator’s request.
Sous réserve des alinéas 18(1)a) et b), le contribuable peut déduire dans le calcul de son revenu, pour son année d’imposition au cours de laquelle le montant de remboursement a été versé, l’excédent de ce montant sur sa partie admissible. Montant de remboursement réputé ne pas être à verser ou à recevoir
For the purposes of the definition designated pooled pension plan in subsection (1), all employers that are related to each other are deemed to be a single employer and all the structural units of a trade union, including each local, branch, national and international unit, are deemed to be a single employer. Significant interest
Sauf pour l’application du présent article et du sous-alinéa 53(1)c)(iv.1) : a) le contribuable est réputé ne pas avoir versé le montant de remboursement, ni avoir été tenu de le verser; b) le bénéficiaire est réputé ne pas avoir reçu le montant de remboursement, ni avoir eu le droit de le recevoir.
For the purposes of the definition restricted investment in subsection (1), a member of a pooled pension plan has a significant interest in a corporation, trust or partnership at any time, if at that time, (a) in the case of a corporation, the member is a specified shareholder of the corporation; and (b) in the case of a partnership or trust, (i) the member is a specified unitholder of the partnership or the trust, as the case may be, or (ii) the total fair market value of the member’s interests in the partnership or the trust, as the case may be, together with all interests in the partnership or the trust held by persons or partnerships with whom the member does not deal at arm’s length or is affiliated, is 10% or more of the fair market value of all interests in the partnership or the trust. Contributions from exempt income
Contributions may be made to a PRPP in respect of a member of the PRPP as if the member’s earned income (as defined in subsection 146(1)) for a taxation year included the member’s exempt earned income for the year. Non-deductible contributions
La partie admissible d’un montant de remboursement correspond à celle des sommes ci-après qui est applicable : a) une somme égale au montant de remboursement si, selon le cas : (i) le montant de remboursement a été versé avant le 17 septembre 2004, (ii) la somme initiale est un impôt prélevé, sous le régime d’une loi provinciale, sur la production : (A) de pétrole, de gaz naturel ou d’hydrocarbures connexes d’un gisement naturel de pétrole ou de gaz naturel, sauf une ressource minérale, ou d’un puits de pétrole ou de gaz, situés au Canada, qui ne sont pas, avant leur extraction, la propriété de Sa Majesté du chef du Canada ou d’une province, Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
A contribution made by a member of a PRPP to the member’s account under the PRPP out of or from the member’s exempt earned income may not be deducted in computing the income of the member for any taxation year. Contribution deemed not paid (32.1) Where a member of a PRPP or a participating employer in relation to the PRPP has, at any time in a taxation year, received a distribution from the member’s account under the PRPP that is a return of a contribution described in clause 147.5(3)(d)(ii)(A) or (B), the contribution is deemed not to have been a contribution made by the member or the participating employer, as the case may be, to the PRPP to the extent that the contribution is not deducted in computing the taxpayer’s income for the year or a preceding taxation year.
(iii) the specified amount does not exceed the taxpayer’s share of the original amount, or Taxpayer’s share of original amount NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 802; 2003, c. 28, s. 8; 2013, c. 34, s. 215. Impôt sur le revenu
For the purposes of Part X.1 as it applies because of subsection (11) in respect of contributions made to a PRPP, (a) an individual’s earned income (as defined in subsection 146(1)) for any taxation year after 2012 includes the individual’s exempt earned income for that year; (b) an individual’s exempt-income contribution amount for any taxation year is deemed to have been deducted by the individual under subsection 146(5) in computing the individual’s income for that year; and (c) the description of D in paragraph (b) of the definition unused RRSP deduction room in subsection 146(1) is to be read without reference to subparagraph (iv).
A taxpayer may designate an amount as the taxpayer’s exempt-income contribution amount for a taxation year if the amount designated does not exceed the lesser of (a) the taxpayer’s unused non-deductible PRPP room at the end of the preceding taxation year, and (b) the total of the taxpayer’s contributions as a member to a PRPP for the year (other than contributions to which subsection (32) applies). Regulations — other
The Governor in Council may make regulations Pooled Registered Pension Plans (c) enabling the Minister to require any person to provide the Minister with information for the purposes and provisions of this Act relating to PRPPs; and Amounts included in computing policyholder’s income
(b.1) a registered retirement income fund, (b.2) a TFSA, (b.3) a pooled registered pension plan, (b.4) a FHSA, (c) an income-averaging annuity contract, (i) the payment for the annuity contract was deductible under paragraph 60(l) in computing the policyholder’s income, (i.1) the annuity contract is a qualifying trust annuity with respect to a taxpayer and the amount paid to acquire it was deductible under paragraph 60(l) in computing the taxpayer’s income, or (ii) the policyholder acquired the annuity contract in circumstances to which subsection 146(21) applied, the amount, if any, by which the proceeds of the disposition of the policyholder’s interest in the policy that the policyholder, beneficiary or assignee, as the case may be, became entitled to receive in the year exceeds the adjusted cost basis to the policyholder of that interest immediately before the disposition. Amount included in computing taxpayer’s income (1.1) There shall be included in computing the income for a taxation year of a taxpayer in respect of a disposition of an interest in a life insurance policy described in paragraph (e) of the definition disposition in subsection 148(9) the amount, if any, by which the amount of a payment described in paragraph (c) of that definition that the taxpayer became entitled to receive in the year exceeds the amount that would be the taxpayer’s adjusted cost basis of the taxpayer’s interest in the policy immediately before the disposition if, for the purposes of the definition adjusted cost basis in subsection 148(9), the taxpayer were, in respect of that interest in the policy, the policyholder. (a) where at any time a policyholder becomes entitled to receive under a life insurance policy a particular amount as, on account of, in lieu of payment of or in satisfaction of, a policy dividend, the policyholder shall be deemed (i) to have disposed of an interest in the policy at that time, and (ii) to have become entitled to receive proceeds of the disposition equal to the amount, if any, by which (B) the part of the particular amount applied immediately after that time to pay a premium under the policy or to repay a policy loan under the policy, as provided for under the terms and conditions of the policy; (b) where in a taxation year a holder of an interest in, or a person whose life is insured or who is the annuitant under, a life insurance policy (other than an annuity contract or an exempt policy) last acquired after December 1, 1982 or an annuity contract (other than a life annuity contract, as defined by regulation, entered into before November 13, 1981 or a prescribed annuity contract) dies, the policyholder shall be deemed to have disposed of the policyholder’s interest in the policy or the contract, as the case may be, immediately before the death; (c) where, as a consequence of a death, a disposition of an interest in a life insurance policy is deemed to have occurred under paragraph 148(2)(b), the policyholder immediately after the death shall be deemed to have acquired the interest at a cost equal to the accumulating fund in respect thereof, as determined in prescribed manner, immediately after the death; and (d) where at any time a life insurance policy last acquired after December 1, 1982, or a life insurance policy to which subsection 12.2(9) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, applies by virtue of paragraph 12.2(9)(b) of that Act, ceases to be an exempt policy, the policyholder shall be deemed to have disposed of the policyholder’s interest in the policy at that time for proceeds of disposition equal to the accumulating fund with respect to the interest, as determined in prescribed manner, at that time and to have reacquired the interest immediately after that time at a cost equal to those proceeds; and (e) a policyholder with an interest in a life insurance policy, issued after 2016, that gives rise to an entitlement (of the policyholder, beneficiary or assignee, as the case may be) to receive all or a portion of an excess described in subparagraph (iv) is deemed, at a particular time, to dispose of a part of the interest and to be entitled to receive proceeds of the disposition equal to that excess or portion, as the case may be, if (i) the policy is an exempt policy, (ii) a benefit on death (as defined in subsection 1401(3) of the Income Tax Regulations) under a coverage (as defined in section 310 of the Income Tax Regulations for the purposes of section 306 of the Income Tax Regulations) under the policy is paid at the particular time, (iii) the payment results in the termination of the coverage but not the policy, and (iv) the amount of the fund value benefit (as defined in subsection 1401(3) of the Income Tax Regulations) paid at the particular time in respect of the coverage exceeds the amount (A) in the case where there is no policy anniversary (as defined in section 310 of the Income Tax Regulations) before the date of death of the individual whose life is insured under the coverage, that would be determined if the policy anniversary that is on or that first follows that date of death and as though the coverage were not terminated — in respect of the coverage under subclause (A)(I) of the description of B in subparagraph 306(4)(a)(iii) of the Income Tax Regulations, and (B) in any other case, that is determined — on the last policy anniversary before the date of the death of the individual whose life is insured under the coverage — in respect of the coverage under subclause (A)(I) of the description of B in subparagraph 306(4)(a)(iii) of the Income Tax Regulations as it applies for the purpose of subparagraph 306(1)(b)(ii) of the Income Tax Regulations. Special rules for certain policies
(B) de métaux, de minéraux ou de charbon extraits d’une ressource minérale située au Canada, qui ne sont pas, avant leur extraction, la propriété de Sa Majesté du chef du Canada ou d’une province, (iii) le montant de remboursement n’excède pas la part du contribuable de la somme initiale, (iv) la somme initiale est une somme visée par règlement; b) la part du contribuable de la somme initiale, dans les autres cas. Somme initiale — part du contribuable
For the purposes of this section, where all or any part of an insurer’s reserves for a life insurance policy vary in amount depending on the fair market value of a specified group of properties (in this subsection referred to as a “segregated fund”), (a) in computing the adjusted cost basis of the policy, (i) an amount paid by the policyholder or on the policyholder’s behalf as or on account of premiums under the policy or to acquire an interest in the policy shall, to the extent that the amount was used by the insurer to acquire property for the purposes of the segregated fund, be deemed not to have been so paid, and (ii) any transfer of property by the insurer from the segregated fund that resulted in an increase in the portion of its reserves for the policy that do not vary with the fair market value of the segregated fund shall be deemed to have been a premium paid under the policy by the policyholder; and (b) the proceeds of the disposition of an interest in the policy shall be deemed not to include the portion thereof, if any, payable out of the segregated fund. Partial surrender — ACB prorated
La part du contribuable de la somme initiale relativement à un montant déterminé qu’il a versé à un bénéficiaire au titre d’un bien est le montant qui est raisonnable de considérer comme sa part du total des sommes visées aux alinéas 12(1)o) ou 18(1)m) relativement au bien, cette part ne pouvant excéder le total des sommes suivantes : a) la proportion du total des sommes visées aux alinéas 12(1)o) ou 18(1)m) relativement au bien représentant le rapport entre la part du contribuable de la production provenant du bien qui lui est payable à titre de redevance — laquelle redevance est calculée compte non tenu des coûts d’exploration ou de production — et la production totale provenant du bien; b) la proportion du total des sommes visées aux alinéas 12(1)o) ou 18(1)m) relativement au bien à l’exception des sommes que le bénéficiaire a reçues ou peut recevoir à titre de remboursement, de contribution ou d’indemnité à une redevance visée à l’alinéa a)) que représente le rapport entre la part du contribuable du revenu provenant du bien et le revenu total en provenant. Réduction de la somme initiale — partie XII du règlement
If a taxpayer disposes (other than because of paragraph (2)(a) or as described in paragraph (b) of the definition disposition in subsection (9)) of a part of the taxpayer’s interest in a life insurance policy (other than an annuity contract) last acquired after December 1, 1982 or an annuity contract, the adjusted cost basis to the taxpayer, immediately before the disposition, of the part is the amount determined by the formula A is the adjusted cost basis to the taxpayer of the taxpayer’s interest immediately before the disposition, B is the proceeds of the disposition, and (a) if the policy is a policy (other than an annuity contract) issued after 2016, the amount determined by the formula D is the interest’s cash surrender value immediately before the disposition, and E is the total of all amounts each of which is an amount payable, immediately before the disposition, by the taxpayer in respect of a policy loan in respect of the policy, and (b) in any other case, the accumulating fund with respect to the taxpayer’s interest, as determined in prescribed manner, immediately before the disposition. Repayment of policy loan on partial surrender (4.01) For the purposes of the definition adjusted cost basis in subsection (9) and paragraph 60(s), a particular amount is deemed to be a repayment made immediately before a particular time by a taxpayer in respect of a policy loan in respect of a life insurance policy if (a) the policy is issued after 2016; (b) the taxpayer disposes of a part of the taxpayer’s interest in the policy at the particular time; (i) otherwise a repayment by the taxpayer in respect of the policy loan, and (ii) described in subparagraph (i) of the description of C in paragraph (a) of the definition proceeds of the disposition in subsection (9); and (e) the amount payable by the taxpayer in respect of the policy loan is reduced by the particular amount as a consequence of the disposition. 10/8 policy surrender
Pour l’application de la partie XII du Règlement de l’impôt sur le revenu, la somme initiale relativement à laquelle le montant de remboursement est reçu est réputée, pour l’année d’imposition au cours de laquelle elle a été payée ou est devenue payable ou à recevoir, ne pas comprendre une somme égale à la partie admissible du montant déterminé. NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; L.R. (1985), ch. 1 (5e suppl.), art. 802; 2003, ch. 28, art. 8; 2013, ch. 34, art. 215. Definitions
If a policyholder has after March 20, 2013 and before April 2014 disposed of an interest in a 10/8 policy because of a partial or complete surrender of the policy, the policyholder may deduct in computing their income for the taxation year in which the disposition occurs an amount that does not exceed the least of (a) the portion of an amount, included under subsection (1) in computing their income for the year in respect of the disposition, that is attributable to an investment account described in paragraph (b) of the definition 10/8 policy in subsection 248(1) in respect of the policy, (b) the total of all amounts each of which is an amount, to the extent that the amount has not otherwise been included in determining an amount under this paragraph, of a payment made after March 20, 2013 and before April 2014 that reduces the amount outstanding of a borrowing or policy loan, as the case may be, described in paragraph (a) of the definition 10/8 policy in subsection 248(1) in respect of the policy, and (c) the total of all amounts each of which is an amount, to the extent that the amount has not otherwise been included in determining an amount under this paragraph, that the policyholder is entitled to receive as a result of the disposition and that is paid after March 20, 2013 and before April 2014 out of an investment account described in paragraph (b) of the definition 10/8 policy in subsection 248(1) in respect of the policy. Proceeds receivable as annuity
A - (B - C) where Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
Where, under the terms of a life insurance policy (other than an annuity contract) last acquired before December 2, 1982, a policyholder became entitled to receive from the insurer at any time before the death of the person whose life was insured thereunder, all the proceeds (other than policy dividends) payable at that time under the policy in the form of an annuity contract or annuity payments, (a) the payments shall be regarded as annuity payments made under an annuity contract; (b) the purchase price of the annuity contract shall be deemed to be the adjusted cost basis of the policy to the policyholder immediately before the first payment under that contract became payable; and (c) the annuity contract or annuity payments shall be deemed not to be proceeds of the disposition of an interest in the policy. Disposition at non-arm’s length and similar cases
Income deferral for regions of drought, flood or excessive moisture (A - B) × C where exceeds C is Impôt sur le revenu
If an interest of a policyholder in a life insurance policy is, at any time (referred to in this subsection as the disposition time), disposed of (other than a disposition under paragraph (2)(b)) by way of a gift, by distribution from a corporation or by operation of law to any other person, or in any manner whatever to any person with whom the policyholder was not dealing at arm’s length, (a) the policyholder is deemed to become entitled to receive, at the disposition time, proceeds of the disposition equal to the greatest of (i) the value of the interest at the disposition time, (A) if the disposition time is before March 22, 2016, nil, and (B) if the disposition time is after March 21, 2016, the fair market value at the disposition time of the consideration, if any, given for the interest, and (A) if the disposition time is before March 22, 2016, nil, and (B) if the disposition time is after March 21, 2016, the adjusted cost basis to the policyholder of the interest immediately before the disposition time; (b) the person that acquires the interest because of the disposition is deemed to acquire it, at the disposition time, at a cost equal to the amount determined under paragraph (a) in respect of the disposition; (c) in computing the paid-up capital in respect of each class of shares of the capital stock of a corporation at any time at or after the disposition time there shall be deducted the amount determined by the formula A is the increase, if any, as a result of the disposition, in the paid-up capital in respect of all the shares of the capital stock of the corporation, B is the amount determined under paragraph (a) in respect of the disposition, (i) if consideration is given for the interest, the fair market value at the disposition time of consideration that is shares of the capital stock of the corporation given for the interest, and (ii) if no consideration is given for the interest, 1, (i) if consideration is given for the interest, the fair market value at the disposition time of the consideration given for the interest, and (ii) if no consideration is given for the interest, 1, E is the increase, if any, as a result of the disposition, in the paid-up capital in respect of the class of shares, computed without reference to this paragraph as it applies to the disposition; (d) any contribution of capital to a corporation or partnership in connection with the disposition is deemed, to the extent that it exceeds the amount determined under subparagraph (a)(i) in respect of the disposition, not to result in a contribution of capital for the purpose of applying paragraphs 53(1)(c) and (e) at or after the disposition time; (e) any contributed surplus of a corporation that arose in connection with the disposition is deemed, to the extent that it exceeds the amount determined under subparagraph (a)(i) in respect of the disposition, not to be contributed surplus for the purpose of applying subsection 84(1) at or after the disposition time; and (f) if the disposition time is before March 22, 2016, (i) subparagraphs (ii) and (iii) and paragraphs (c) to (e) apply in respect of the disposition only if the disposition is after 1999 and at least one person whose life was insured under the policy before March 22, 2016 is alive on March 22, 2016, (ii) in applying paragraphs (c) to (e) in respect of the disposition, a reference in those paragraphs to "the disposition time" is to be read as "the beginning of March 22, 2016", (iii) if at any time (referred to in this subparagraph as the conversion time) before March 22, 2016 the paid-up capital of a class of shares of the capital stock of a corporation was increased, the increase occurred as a result of any action by which the corporation converted any of its contributed surplus into paid-up capital in respect of the class of shares, the contributed surplus arose in connection with the disposition, and subsection 84(1) did not apply to deem the corporation to pay a dividend at the conversion time in respect of the increase, in computing the paid-up capital in respect of that class of shares after March 21, 2016, there shall be deducted the amount determined by the formula A is the increase, if any, as a result of the conversion, in the paid-up capital in respect of all the shares of the capital stock of the corporation, computed without reference to this paragraph as it applies to the disposition, B is the amount determined under subparagraph (a)(i) in respect of the disposition, C is the increase, if any, as a result of the conversion, in the paid-up capital in respect of the class of shares, computed without reference to this paragraph as it applies to the disposition, and D is the total amount of the corporation’s contributed surplus that arose in connection with the disposition, and (iv) if any consideration given for the interest includes a share of the capital stock of a corporation, the share (or a share substituted for the share) is disposed of (referred to in this subparagraph as the share disposition) after March 21, 2016 by a taxpayer and subsection 84.1(1) applies in respect of the share disposition, then for the purposes of applying section 84.1, the adjusted cost base to the taxpayer of the share immediately before the share disposition is to be reduced by the amount determined by the formula A is the total of all amounts each of which is the fair market value at the disposition time of a share of that capital stock given as consideration for the interest, B is the greater of the amount determined under subparagraph 148(7)(a)(i) in respect of the disposition and the adjusted cost basis to the policyholder of the interest immediately before the disposition, C is the fair market value at the disposition time of the consideration, if any, given for the interest, and D is the total number of shares of that capital stock given as consideration for the interest.
Notwithstanding any other provision in this section, where (a) an interest of a policyholder in a life insurance policy (other than an annuity contract) has been transferred to the policyholder’s child for no consideration, and (b) a child of the policyholder or a child of the transferee is the person whose life is insured under the policy, the interest shall be deemed to have been disposed of by the policyholder for proceeds of the disposition equal to the adjusted cost basis to the policyholder of the interest immediately before the transfer, and to have been acquired by the person who acquired the interest at a cost equal to those proceeds. Inter vivos transfer to spouse (8.1) Notwithstanding any other provision of this section, where (a) an interest of a policyholder in a life insurance policy (other than a policy that is, or is issued under, a plan or contract referred to in any of paragraphs 148(1)(a) to 148(1)(e) is transferred to (ii) a former spouse or common-law partner of the policyholder in settlement of rights arising out of their marriage or common-law partnership, and (b) both the policyholder and the transferee are resident in Canada at the time of the transfer, unless an election is made in the policyholder’s return of income under this Part for the taxation year in which the interest was transferred to have this subsection not apply, the interest shall be deemed to have been disposed of by the policyholder for proceeds of the disposition equal to the adjusted cost basis to the policyholder of the interest immediately before the transfer and to have been acquired by the transferee at a cost equal to those proceeds. Transfer to spouse at death (8.2) Notwithstanding any other provision of this section, where, as a consequence of the death of a policyholder who was resident in Canada immediately before the policyholder’s death, an interest of the policyholder in a life insurance policy (other than a policy that is or is issued under a plan or contract referred to in any of paragraphs 148(1)(a) to 148(1)(e)) is transferred or distributed to the policyholder’s spouse or common-law partner who was resident in Canada immediately before their death, unless an election is made in the policyholder’s return of income under this Part for the taxation year in which the policyholder died to have this subsection not apply, the interest shall be deemed to have been disposed of by the policyholder immediately before the death for proceeds of the disposition equal to the adjusted cost basis to the policyholder of the interest immediately before the transfer and to have been acquired by the spouse or common-law partner at a cost equal to those proceeds.
In this section and paragraph 56(1)(d.1) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, adjusted cost basis, at any time to a policyholder of the policyholder’s interest in a life insurance policy, means the amount determined by the formula A is the total of all amounts each of which is the cost of an interest in the policy acquired by the policyholder before that time but not including an amount referred to in the description of B or E, B is the total of all amounts each of which is an amount paid before that time by or on behalf of the policyholder in respect of a premium under the policy, other than amounts referred to in clause 148(2)(a)(ii)(B), in subparagraph (iii) of the description of C in paragraph (a) of the definition proceeds of the disposition or in subparagraph (b)(i) of that definition, C is the total of all amounts each of which is an amount in respect of the disposition of an interest in the policy before that time that was required to be included in computing the policyholder’s income or taxable income earned in Canada for a taxation year, D is the total of all amounts each of which is an amount in respect of the policyholder’s interest in the policy that was included by virtue of subsection 12(3) or section 12.2 or paragraph 56(1)(d.1) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, in computing the policyholder’s income for any taxation year ending before that time or the portion of an amount paid to the policyholder in respect of the policyholder’s interest in the policy on which tax was imposed by virtue of paragraph 212(1)(o) before that time, E is the total of all amounts each of which is an amount that is in respect of the repayment, before that time and after March 31, 1978, of a policy loan and that does not exceed the amount determined by the formula E.1 is the total of (a) the proceeds of the disposition, if any, in respect of the loan, (b) if the policy is issued after 2016 (and, in the case where the particular time at which the policy is issued is determined under subsection (11), the repayment is at or after the particular time), the portion of the loan applied, immediately after the loan, to pay a premium under the policy as provided for under the terms and conditions of the policy (except to the extent that the portion is described in subparagraph (i) of the description of C in paragraph (a) of the definition proceeds of the disposition in this subsection), and (c) the amount, if any, described in the description of J in this definition (but not including any payment of interest) in respect of the loan, and E.2 is the total all amounts each of which is an amount in respect of a repayment of the loan, referred to in clause (2)(a)(ii)(B) or deductible under paragraph 60(s) of this Act or paragraph 20(1)(hh) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952 (as it applied in taxation years before 1985), F is the amount, if any, by which the cash surrender value of the policy as at its first anniversary date after March 31, 1977 exceeds the adjusted cost basis (determined under the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as it would have read on that date if subsection 148(8) of that Act, as it read in its application to the period ending immediately before April 1, 1978, had not been applicable) of the policyholder’s interest in the policy on that date, G is, in the case of an interest in a life annuity contract, as defined by regulation, to which subsection 12.2(1) applies for the taxation year that includes that time (or would apply if the contract had an anniversary day in the year at a time when the taxpayer held the interest), the total of all amounts each of which is a mortality gain, as defined by regulation and determined by the issuer of the contract in accordance with the regulations, in respect of the interest immediately before the end of the calendar year ending in a taxation year commencing before that time, G.1 is, in the case of an interest in a life insurance policy (other than an annuity contract) to which subsection (8.2) applied before that time, the total of all amounts each of which is a mortality gain, as defined by regulation and determined by the issuer of the policy in accordance with the regulations, in respect of the interest immediately before the end of the calendar year that ended in a taxation year that began before that time, H is the total of all amounts each of which is the proceeds of the disposition of the policyholder’s interest in the policy that the policyholder became entitled to receive before that time, I is the total of all amounts each of which is an amount in respect of the policyholder’s interest in the policy that was deducted by virtue of subsection 20(19) in computing the policyholder’s income for any taxation year commencing before that time, J is the amount payable on March 31, 1978 in respect of a policy loan in respect of the policy, K is the total of all amounts each of which is an amount received before that time in respect of the policy that the policyholder was entitled to deduct under paragraph 60(a) in computing the policyholder’s income for a taxation year, (a) in the case of an interest in a life insurance policy (other than an annuity contract) that was last acquired after December 1, 1982 by the policyholder, the total of all amounts each of which is the net cost of pure insurance, as defined by regulation and determined by the issuer of the policy in accordance with the regulations, in respect of the interest immediately before the end of the calendar year ending in a taxation year commencing after May 31, 1985 and before that time, (b) in the case of an interest in an annuity contract to which subsection 12.2(1) applies for the taxation year that includes that time (or would apply if the contract had an anniversary day in the year and while the taxpayer held the interest), the total of all annuity payments paid in respect of the interest before that time and while the policyholder held the interest, or (c) in the case of an interest in a contract referred to in the description of G, the total of all amounts each of which is a mortality loss, as defined by regulation and determined by the issuer of the contract in accordance with the regulations, in respect of the interest before that time, M is, in the case of a policy that is issued after 2016 and is not an annuity contract, the total of all amounts each of which is a premium paid by or on behalf of the policyholder, or a cost of insurance charge incurred by the policyholder, before that time (and, in the case where the particular time at which the policy is issued is determined under subsection (11), at or after the particular time), to the extent that the premium or charge is in respect of a benefit under the policy other than a benefit on death (as defined in subsection 1401(3) of the Income Tax Regulations), N is, in the case of a policy that is issued after 2016 and is not an annuity contract, the total of all amounts each of which is the policyholder’s interest in an amount paid — to the extent that the cash surrender value of the policy, if any, or the fund value of the policy (as defined in subsection 1401(3) of the Income Tax Regulations), if any, is reduced by the amount paid — before that time (and, in the case where the particular time at which the policy is issued is determined under subsection (11), at or after the particular time) that (a) is a benefit on death (as defined in subsection 1401(3) of the Income Tax Regulations), or a disability benefit, under the policy, and (b) does not result in the termination of a coverage (as defined in subsection 1401(3) of the Income Tax Regulations) under the policy, O is, in the case of a policy that is issued after 2016 and is not an annuity contract, the total of all amounts each of which is — if a benefit on death (as defined in subsection 1401(3) of the Income Tax Regulations) under a coverage (as defined in section 310 of the Income Tax Regulations for the purposes of section 306 of the Income Tax Regulations) under the policy is paid before that time as a consequence of the death of an individual whose life is insured under the coverage (and, in the case where the particular time at which the policy is issued is determined under subsection (11), at or after the particular time) and the payment results in the termination of the coverage — the amount, if any, determined with respect to the coverage by the formula P is the adjusted cost basis of the policyholder’s interest immediately before the termination, Q is the amount of the fund value benefit (as defined in subsection 1401(3) of the Income Tax Regulations) under the policy paid in respect of the coverage (as defined in section 310 of the Income Tax Regulations for the purposes of section 306 of the Income Tax Regulations) on the termination, R is the total of all amounts — each of which is in respect of a coverage (as defined in subsection 1401(3) of the Income Tax Regulations) in respect of a specific life or two or more specific lives jointly insured under the coverage referred to in the description of O — that would be the present value, determined for the purposes of section 307 of the Income Tax Regulations, on the last policy anniversary (as defined in section 310 of the Income Tax Regulations) on or before the termination, of the fund value of the coverage (as defined in subsection 1401(3) of the Income Tax Regulations) if the fund value of the coverage on that policy anniversary were equal to the fund value of the coverage on the termination, S is the total of all amounts — each of which is in respect of a coverage (as defined in subsection 1401(3) of the Income Tax Regulations and referred to in this description as a “particular coverage”) in respect of a specific life or two or more specific lives jointly insured under the coverage referred to in the description of O — that would be determined, on that policy anniversary, for paragraph (a) of the description of C in the definition net premium reserve in subsection 1401(3) of the Income Tax Regulations in respect of the particular coverage, if the benefit on death under the particular coverage, and the fund value of the coverage (as defined in subsection 1401(3) of the Income Tax Regulations), on that policy anniversary were equal to the benefit on death under the particular coverage and the fund value of the coverage, as the case may be, on the termination, T is the amount that would be, on that policy anniversary, the net premium reserve (as defined in subsection 1401(3) of the Income Tax Regulations) in respect of the policy for the purposes of section 307 of the Income Tax Regulations, if the fund value benefit (as defined in subsection 1401(3) of the Income Tax Regulations) under the policy, the benefit on death under each coverage (as defined in subsection 1401(3) of the Income Tax Regulations) and the fund value of each coverage (as defined in subsection 1401(3) of the Income Tax Regulations) on that policy anniversary were equal to the fund value benefit, the benefit on death under each coverage and the fund value of each coverage, as the case may be, under the policy on the termination, and U is the amount, if any, determined under subsection (4) in respect of a disposition before that time of the interest because of paragraph (2)(e) in respect of the payment in respect of the fund value benefit under the policy paid in respect of the coverage (as defined in section 310 of the Income Tax Regulations for the purposes of section 306 of the Income Tax Regulations) on the termination; (coût de base rajusté) amount payable, in respect of a policy loan, has the meaning assigned by subsection 138(12); (montant payable) cash surrender value at a particular time of a life insurance policy means its cash surrender value at that time computed without regard to any policy loans made under the policy, any policy dividends (other than paid-up additions) payable under the policy or any interest payable on those dividends; (valeur de rachat) child of a policyholder includes a child as defined in subsection 70(10); (enfant) disposition, in relation to an interest in a life insurance policy, includes (b) a policy loan made after March 31, 1978, (c) the dissolution of that interest by virtue of the maturity of the policy, (e) the payment by an insurer of an amount (other than an annuity payment, a policy loan or a policy dividend) in respect of a policy (other than a policy described in paragraph 148(1)(a), 148(1)(b), 148(1)(c), 148(1)(d) or 148(1)(e)) that is a life annuity contract, as defined by regulation, entered into after November 16, 1978, and before November 13, 1981, but does not include (f) an assignment of all or any part of an interest in the policy for the purpose of securing a debt or a loan other than a policy loan, (g) a lapse of the policy in consequence of the premiums under the policy remaining unpaid, if the policy was reinstated not later than 60 days after the end of the calendar year in which the lapse occurred, (h) a payment under a policy as a disability benefit or as an accidental death benefit, (j) a payment under a life insurance policy (other than an annuity contract) that (i) was last acquired before December 2, 1982, or (ii) is an exempt policy in consequence of the death of any person whose life was insured under the policy, or (k) any transaction or event by which an individual becomes entitled to receive, under the terms of an exempt policy, all of the proceeds (including or excluding policy dividends) payable under the policy in the form of an annuity contract or annuity payments, if, at the time of the transaction or event, the individual whose life is insured under the policy was totally and permanently disabled; (disposition) interest, in relation to a policy loan, has the meaning assigned by subsection 138(12); (intérêt) policy loan means an amount advanced by an insurer to a policyholder in accordance with the terms and conditions of the life insurance policy; (avance sur police) premium under a policy includes (a) interest paid after 1977 to a life insurer in respect of a policy loan, other than interest deductible in the 1978 or any subsequent taxation year pursuant to paragraph 20(1)(c) or 20(1)(d), and (b) a prepaid premium under the policy to the extent that it cannot be refunded otherwise than on termination or cancellation of the policy, but does not include (c) the portion of any amount paid under the policy with respect to an accidental death benefit, a disability benefit, an additional risk as a result of insuring a substandard life, an additional risk in respect of the conversion of a term policy into another policy after the year, an additional risk under a settlement option, or an additional risk under a guaranteed insurability benefit, if (i) in the case of an annuity contract, a policy issued before 2017 or in respect of which the particular time at which the policy is issued is determined under subsection (11), where the interest in the policy was last acquired after December 1, 1982, the payment is made after May 31, 1985 and, if the particular time at which the policy is issued is determined under subsection (11), before the particular time, or (ii) in the case where the taxpayer’s interest in the policy was last acquired before December 2, 1982, (A) subsection 12.2(9) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, applies to the interest, (B) the particular time at which the policy is issued is determined under subsection (11), and (C) the payment is made in the period that starts at the later of May 31, 1985 and the first time at which that subsection 12.2(9) applies in respect of the interest and that ends at the particular time; (prime) proceeds of the disposition of an interest in a life insurance policy means the amount of the proceeds that the policyholder, beneficiary or assignee, as the case may be, is entitled to receive on a disposition of an interest in the policy and for greater certainty, (a) in respect of a surrender or maturity thereof, means the amount determined by the formula A is the cash surrender value of the interest in the policy at the time of surrender or maturity, B is that portion of the cash surrender value represented by A that is applicable to the policyholder’s interest in the related segregated fund trust as referred to in paragraph 138.1(1)(e), and C is the total of amounts each of which is (i) an amount by which the amount payable in respect of a policy loan in respect of the policy is reduced as a consequence of the disposition, except that where the policy is issued after 2016 and the disposition is of a part of the interest (and, in the case where the particular time at which the policy is issued is determined under subsection (11), the disposition occurs at or after the particular time), only to the extent that the amount represents the portion of the loan applied, immediately after the loan, to pay a premium under the policy, as provided for under the terms and conditions of the policy, (ii) a premium under the policy that is due but unpaid at that time, or (iii) an amount applied, immediately after the time of the surrender, to pay a premium under the policy, as provided for under the terms and conditions of the policy, (b) in respect of a policy loan made after March 31, 1978 means the lesser of (i) the amount of the loan, other than the part thereof applied, immediately after the loan, to pay a premium under the policy, as provided for under the terms and conditions of the policy, and (ii) the amount, if any, by which the cash surrender value of the policy immediately before the loan was made exceeds the total of the balances outstanding at that time of any policy loans in respect of the policy, (c) in respect of a payment described in paragraph (e) of the definition disposition in this subsection, means the amount of that payment, and (d) in respect of a disposition deemed to have occurred under paragraph 148(2)(b), means the accumulating fund in respect of the interest, as determined in prescribed manner, (i) immediately before the time of death in respect of a life insurance policy (other than an annuity contract) last acquired after December 1, 1982, or tax anniversary date, in relation to a life insurance policy, means the second anniversary date of the policy to occur after October 22, 1968; (jour anniversaire d’imposition) value at a particular time of an interest in a life insurance policy means (a) where the interest includes an interest in the cash surrender value of the policy, the amount in respect thereof that the holder of the interest would be entitled to receive if the policy were surrendered at that time, and (9.1) The definitions in subsection 12.2(11) apply to this section.
For the purposes of this section, (a) a reference to "insurer" or "life insurer" shall be deemed to include a reference to a person who is licensed or otherwise authorized under a law of Canada or a province to issue contracts that are annuity contracts; (b) a reference to a "person whose life was insured" shall be deemed to include a reference to an annuitant under a life annuity contract, as defined by regulation, entered into before November 17, 1978; (c) where a policyholder is a person who has held an interest in a life insurance policy continuously since its issue date, the interest shall be deemed to have been acquired on the later of the date on which (i) the policy came into force, and (ii) the application in respect of the policy signed by the policyholder was filed with the insurer; (d) except as otherwise provided, a policyholder shall be deemed not to have disposed of or acquired an interest in a life insurance policy (other than an annuity contract) as a result only of the exercise of any provision (other than a conversion into an annuity contract) of the policy; and (e) where an interest in a life insurance policy (other than an annuity contract) last acquired before December 2, 1982 to which subsection 12.2(9) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, does not apply has been acquired by a taxpayer from a person with whom the taxpayer was not dealing at arm’s length, the interest shall be deemed to have been last acquired by the taxpayer before December 2, 1982. Loss of grandfathering
Report au titre des régions frappées de sécheresse, d’inondations ou de conditions d’humidité excessive
For the purposes of determining at and after a particular time whether a life insurance policy (other than an annuity contract) issued before 2017 is treated as established after 2016 under this section (other than this subsection) and sections 306 (other than subsections (9) and (10)), 307, 308, 310, 1401 and 1403 of the Income Tax Regulations (except as they apply for the purposes of subsection 211.1(3)), the policy is deemed to be a policy issued at the particular time if the particular time is the first time after 2016 at which life insurance — in respect of a life, or two or more lives jointly insured, and in respect of which a particular schedule of premium or cost of insurance rates applies — is (a) if the insurance is term insurance, converted to permanent life insurance within the policy; or (b) if the insurance (other than insurance paid for with policy dividends or that is reinstated) is medically underwritten after 2016 (other than to obtain a reduction in the premium or cost of insurance rates under the policy), added to the policy. cemetery services with respect to an individual means property (including interment vaults, markers, flowers, liners, urns, shrubs and wreaths) and services that relate directly to cemetery arrangements in Canada in consequence of the death of the individual including, for greater certainty, property and services to be funded out of a cemetery care trust; (services de cimetière) custodian of an arrangement means (a) where a trust is governed by the arrangement, a trustee of the trust, and (b) in any other case, a qualifying person who receives a contribution under the arrangement as a deposit for the provision by the person of funeral or cemetery services; (dépositaire) eligible funeral arrangement at a particular time means an arrangement established and maintained by a qualifying person solely for the purpose of funding funeral or cemetery services with respect to one or more individuals and of which there is one or more custodians each of whom was resident in Canada at the time the arrangement was established, where (a) each contribution made before the particular time under the arrangement was made for the purpose of funding funeral or cemetery services to be provided by the qualifying person with respect to an individual, and (b) for each such individual, the total of all relevant contributions made before the particular time in respect of the individual does not exceed (i) $15,000, where the arrangement solely covers funeral services with respect to the individual, (ii) $20,000, where the arrangement solely covers cemetery services with respect to the individual, and and for the purpose of this definition, any payment (other than the portion of the payment to be applied as a contribution to a cemetery care trust) that is made in consideration for the immediate acquisition of or a right to use a place that is intended to be used as a place for the burial of human remains or of any interest in a building or structure for the permanent placement of human remains, shall be considered to have been made pursuant to a separate arrangement that is not an eligible funeral arrangement; (arrangement de services funéraires) funeral or cemetery services with respect to an individual means funeral services with respect to the individual, cemetery services with respect to the individual or any combination of such services; (services de funérailles ou de cimetière) funeral services with respect to an individual means property and services (other than cemetery services with respect to the individual) that relate directly to funeral arrangements in Canada in consequence of the death of the individual; (services funéraires) qualifying person means a person licensed or otherwise authorized under the laws of a province to provide funeral or cemetery services with respect to individuals; (personne admissible) relevant contribution in respect of an individual under a particular arrangement means (a) a contribution under the particular arrangement (other than a contribution made by way of a transfer from an eligible funeral arrangement) for the purpose of funding funeral or cemetery services with respect to the individual, or (b) such portion of a contribution to another arrangement that was an eligible funeral arrangement (other than any such contribution made by way of a transfer from any eligible funeral arrangement) as can reasonably be considered to have subsequently been used to make a contribution under the particular arrangement by way of a transfer from an eligible funeral arrangement for the purpose of funding funeral or cemetery services with respect to the individual. (versement admissible)
Le contribuable qui exploite une entreprise agricole au cours d’une année d’imposition dans une région qui est, à un moment de l’année, une région frappée de sécheresse visée par règlement ou une région frappée d’inondations ou de conditions d’humidité excessive visée par règlement et dont le troupeau reproducteur à la fin de l’année quant à l’entreprise ne dépasse pas 85 % de son troupeau reproducteur au début de l’année quant à l’entreprise peut déduire dans le calcul de son revenu de l’entreprise pour l’année une somme n’excédant pas la somme obtenue par la formule suivante : (A - B) × C où : A représente l’excédent du total des montants inclus dans le calcul de son revenu tiré de l’entreprise pour l’année au titre de la vente d’animaux reproducteurs sur le total des montants déduits dans l’application de l’alinéa 20(1)n) dans le calcul de son revenu tiré de l’entreprise pour l’année au titre des montants ainsi inclus; B le total des montants déduits dans le calcul de son revenu tiré de l’entreprise pour l’année au titre de l’acquisition d’animaux reproducteurs; C si son troupeau reproducteur à la fin de l’année quant à l’entreprise dépasse 70 % de son troupeau reproducteur au début de l’année quant à l’entreprise, 30 %; sinon, 90 %. Report du revenu (4.1) Le contribuable qui exploite une entreprise agricole au cours d’une année d’imposition dans une région qui est, à un moment de l’année, une région frappée de sécheresse visée par règlement ou une région frappée d’inondations ou de conditions d’humidité excessive visée par règlement, et dont le stock d’abeilles (A – B) × C where exceeds C is reproductrices à la fin de l'année quant à l'entreprise ne dépasse pas 85 % de son stock d'abeilles reproductrices au début de l'année quant à l'entreprise, peut déduire dans le calcul de son revenu tiré de l'entreprise pour l'année une somme n'excédant pas la somme obtenue par la formule suivante : (A – B) × C où : A représente l'excédent du total visé à l'alinéa a) sur celui visé à l'alinéa b) : a) le total des sommes incluses dans le calcul du revenu du contribuable tiré de l'entreprise pour l'année au titre de la vente d'abeilles reproductrices au cours de l'année, b) le total des sommes déduites en application de l'alinéa 20(1)n) dans le calcul de son revenu tiré de l'entreprise pour l'année au titre des sommes visées à l'alinéa a); B le total des sommes déduites dans le calcul de son revenu tiré de l'entreprise pour l'année au titre de l'acquisition d'abeilles reproductrices; C : a) si son stock d'abeilles reproductrices quant à l'entreprise à la fin de l'année dépasse 70 % de son stock d'abeilles reproductrices quant à l'entreprise au début de l'année, 30 %, b) sinon, 90 %. Inclusion de la somme reportée
Notwithstanding any other provision of this Act, (a) no amount that has accrued, is credited or is added to an eligible funeral arrangement shall be included in computing the income of any person solely because of such accrual, crediting or adding; (i) included in computing a person’s income solely because of the provision by another person of funeral or cemetery services under an eligible funeral arrangement, or (ii) included in computing a person’s income because of the disposition of an interest under an eligible funeral arrangement or an interest in a trust governed by an eligible funeral arrangement; and (c) subparagraph 148.1(2)(b)(ii) shall not affect the consequences under this Act of the disposition of any right under an eligible funeral arrangement to payment for the provision of funeral or cemetery services.
La somme déduite en application des paragraphes (4) ou (4.1) dans le calcul du revenu d'un contribuable, pour une année d'imposition donnée, tiré d'une entreprise agricole exploitée dans une région qui est visée par règlement pour l'application de ces paragraphes peut, dans la mesure où le contribuable fait le choix, être incluse dans le calcul de son revenu tiré de l'entreprise pour une année d'imposition se terminant après l'année donnée et est réputée, sauf dans la mesure où elle a été incluse en application du présent paragraphe dans le calcul du revenu du contribuable tiré de l'entreprise pour une année d'imposition antérieure, postérieure à l'année donnée, être un revenu du contribuable tiré de l'entreprise pour celle des années d'imposition ci-après qui est antérieure aux autres : a) la première année d'imposition du contribuable commençant après la fin de la période ou d'une série Subsections (2), (4) and (4.1) not applicable Measuring breeding bee stock NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] - R.S., 1985, c. 1 (5th Supp.), s. 80.3; 1994, c. 7, Sch. II, s. 59; S.C. 2014, c. 39, s. 17. Loans Interpretation Idem (a) a shareholder of a corporation, employé ou a eu l’intention d’employer le particulier, (ii) soit une personne (autre que le débiteur) liée à l’employeur, (iii) soit une personne ou une société de personnes à qui ou pour qui les services ont été ou devaient être rendus ou exécutés par la société ou par une personne (autre que le débiteur) qui a un lien de dépendance avec cette personne ou un associé de cette société de personnes, sur le total des montants suivants : c) le montant des intérêts pour l’année payés sur tous ces prêts et sur toutes ces dettes au plus tard 30 jours après la fin de l’année; d) toute partie du total déterminé pour l’année en vertu de l’alinéa b) qui est remboursée par le débiteur dans l’année ou dans les 30 jours suivant la fin de l’année à la personne ou entité qui a fait le paiement visé à cet alinéa. Présomption (1.1) Un prêt est réputé avoir été reçu, ou une dette contractée, en raison de la charge ou de l’emploi d’un particulier ou en raison de services exécutés par une société qui exploite une entreprise de services personnels, selon le cas, s’il est raisonnable de conclure que, n’eût été la charge ou l’emploi précédent, courant ou projeté d’un particulier ou les services exécutés ou à exécuter par la société : a) les conditions du prêt ou de la dette auraient été différentes; b) le prêt n’aurait pas été reçu ou la dette, contractée. Idem
Where at any particular time in a taxation year a particular amount is distributed (otherwise than as payment for the provision of funeral or cemetery services with respect to an individual) to a taxpayer from an arrangement that was, at the time it was established, an eligible funeral arrangement and the particular amount is paid from the balance in respect of the individual under the arrangement, there shall be added in computing the taxpayer's income for the year from property the lesser of the particular amount and the amount determined by the formula A is the balance in respect of the individual under the arrangement immediately before the particular time (determined without regard to the value of property in a cemetery care trust); B is the total of all payments made from the arrangement before the particular time for the provision of funeral or cemetery services with respect to the individual (other than cemetery services funded by property in a cemetery care trust); and C is the amount determined by the formula D is the total of all relevant contributions made before the particular time in respect of the individual under the arrangement (other than contributions in respect of the individual that were in a cemetery care trust), and E is the total of all amounts each of which is the amount, if any, by which (a) an amount relating to the balance in respect of the individual under the arrangement that is deemed by subsection (4) to have been distributed before the particular time from the arrangement (b) the portion of the amount referred to in paragraph (a) that is added, because of this subsection, in computing a taxpayer's income. Deemed distribution on transfer
Lorsqu’une personne (autre qu’une société résidant au Canada) ou une société de personnes (autre qu’une société de personnes dont chacun des associés est une société résidant au Canada) était : a) soit un actionnaire d’une société; b) soit rattachée à un actionnaire d’une société; c) soit un associé d’une société de personnes, ou un bénéficiaire d’une fiducie, qui était actionnaire d’une société, Income Tax PART I Income Tax DIVISION B Computation of Income SUBDIVISION F Rules Relating to Computation of Income
If at a particular time an amount relating to the balance in respect of an individual (referred to in this subsection and in subsection (5) as the “transferor”) under an eligible funeral arrangement (referred to in this subsection and in subsection (5) as the “transferor arrangement”) is transferred, credited or added to the balance in respect of the same or another individual (referred to in this subsection and in subsection (5) as the “recipient”) under the same or another eligible funeral arrangement (referred to in this subsection and in subsection (5) as the “recipient arrangement”), (a) the amount is deemed to be distributed to the transferor (or, if the transferor is deceased at the particular time, to the recipient) at the particular time from the transferor arrangement and to be paid from the balance in respect of the transferor under the transferor arrangement; and (b) the amount is deemed to be a contribution made (other than by way of a transfer from an eligible funeral arrangement) at the particular time under the recipient arrangement for the purpose of funding funeral or cemetery services with respect to the recipient.
(e) the total of Where ss. (1) and (2) do not apply Impôt sur le revenu
Subsection (4) does not apply if (a) the transferor and the recipient are the same individual; (b) the amount that is transferred, credited or added to the balance in respect of the individual under the recipient arrangement is equal to the balance in respect of the individual under the transferor arrangement immediately before the particular time; and (c) the transferor arrangement is terminated immediately after the transfer. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1995, c. 21, s. 62; 1998, c. 19, s. 177; 2013, ch. 34, art. 306.
Employees of a country other than Canada (a) an officer or servant of the government of a country other than Canada whose duties require that person to reside in Canada (i) if, immediately before assuming those duties, the person resided outside Canada, (ii) if that country grants a similar privilege to an officer or servant of Canada of the same class, (iii) if the person was not, at any time in the period, engaged in a business or performing the duties of an office or employment in Canada other than the person’s position with that government, and (iv) if the person was not during the period a Canadian citizen; Members of the family and servants of employees of a country other than Canada (b) a member of the family of a person described in paragraph 149(1)(a) who resides with that person, or a servant employed by a person described in that paragraph, (i) if the country of which the person described in paragraph 149(1)(a) is an officer or servant grants a similar privilege to members of the family residing with and servants employed by an officer or servant of Canada of the same class, (ii) in the case of a member of the family, if that member was not at any time lawfully admitted to Canada for permanent residence, or at any time in the period engaged in a business or performing the duties of an office or employment in Canada, (iii) in the case of a servant, if, immediately before assuming his or her duties as a servant of a person described in paragraph 149(1)(a), the servant resided outside Canada and, since first assuming those duties in Canada, has not at any time engaged in a business in Canada or been employed in Canada other than by a person described in that paragraph, and (iv) if the member of the family or servant was not during the period a Canadian citizen; Municipal authorities (c) a municipality in Canada, or a municipal or public body performing a function of government in Canada; Corporations owned by the Crown (d) a corporation, commission or association all of the shares (except directors’ qualifying shares) or of the capital of which was owned by one or more persons each of which is Her Majesty in right of Canada or Her Majesty in right of a province; Corporations 90% owned by the Crown (d.1) a corporation, commission or association not less than 90% of the shares (except directors’ qualifying shares) or of the capital of which was owned by one or more persons each of which is Her Majesty in right of Canada or Her Majesty in right of a province; Wholly-owned corporations (d.2) a corporation all of the shares (except directors’ qualifying shares) or of the capital of which was owned by one or more persons each of which is a corporation, commission or association to which this paragraph or paragraph (d) applies for the period; 90% owned corporations (d.3) a corporation, commission or association not less than 90% of the shares (except directors’ qualifying shares) or of the capital of which was owned by (i) one or more persons each of which is Her Majesty in right of Canada or a province or a person to which paragraph (d) or (d.2) applies for the period, or (ii) one or more municipalities in Canada in combination with one or more persons each of which is Her Majesty in right of Canada or a province or a person to which paragraph 149(1)(d) or 149(1)(d.2) applies for the period; Combined ownership (d.4) a corporation all of the shares (except directors’ qualifying shares) or of the capital of which was owned by one or more persons each of which is a corporation, commission or association to which this paragraph or any of paragraphs (d) to (d.3) applies for the period; Income within boundaries of entities (d.5) subject to subsections (1.2) and (1.3), a corporation, commission or association not less than 90% of the capital of which was owned by one or more entities each of which is a municipality in Canada, or a municipal or public body performing a function of government in Canada, if the income for the period of the corporation, commission or association from activities carried on outside the geographical boundaries of the entities does not exceed 10% of its income for the period; (d.6) subject to subsections (1.2) and (1.3), a particular corporation all of the shares (except directors’ qualifying shares) or of the capital of which was owned by one or more entities (referred to in this paragraph as “qualifying owners”) each of which is, for the period, a corporation, commission or association to which paragraph (d.5) applies, a corporation to which this paragraph applies, a municipality in Canada, or a municipal or public body performing a function of government in Canada, if no more than 10% of the particular corporation’s income for the period is from activities carried on outside (i) if a qualifying owner is a municipality in Canada, or a municipal or public body performing a function of government in Canada, the geographical boundaries of each such qualifying owner, (ii) if paragraph (d.5) applies to a qualifying owner, the geographical boundaries of the municipality, or municipal or public body, referred to in that paragraph in its application to each such qualifying owner, and (iii) if this paragraph applies to a qualifying owner, the geographical boundaries of the municipality, or municipal or public body, referred to in subparagraph (i) or paragraph (d.5), as the case may be, in their respective applications to each such qualifying owner; (e) an agricultural organization, a board of trade or a chamber of commerce, no part of the income of which was payable to, or was otherwise available for the personal benefit of, any proprietor, member or shareholder thereof; Registered Canadian amateur athletic association (g) a registered Canadian amateur athletic association; Association of Universities and Colleges of Canada (h.1) the Association of Universities and Colleges of Canada, incorporated by the Act to incorporate Association of Universities and Colleges of Canada, chapter 75 of the Statutes of Canada, 1964-65; Certain housing corporations (i) a corporation that was constituted exclusively for the purpose of providing low-cost housing accommodation for the aged, no part of the income of which was payable to, or was otherwise available for the personal benefit of, any proprietor, member or shareholder thereof; Non-profit corporations for scientific research and experimental development (j) a corporation that was constituted exclusively for the purpose of carrying on or promoting scientific research and experimental development, no part of whose income was payable to, or was otherwise available for the personal benefit of, any proprietor, Certaines organisations member or shareholder thereof, that has not acquired control of any other corporation and that, during the period, (i) did not carry on any business, and (ii) expended amounts in Canada each of which is (A) an expenditure on scientific research and experimental development (within the meaning that would be assigned by paragraph 37(8)(a) if subsection 37(8) were read without reference to paragraph 37(8)(d)) directly undertaken by or on behalf of the corporation, or (B) a payment to an association, university, college or research institute or other similar institution, described in clause 37(1)(a)(ii)(A) or 37(1)(a)(ii)(B) to be used for scientific research and experimental development, and the total of which is not less than 90% of the amount, if any, by which the corporation’s gross revenue for the period exceeds the total of all amounts paid in the period by the corporation because of subsection 149(7.1); Labour organizations Non-profit organizations (l) a club, society or association that, in the opinion of the Minister, was not a charity within the meaning assigned by subsection 149.1(1) and that was organized and operated exclusively for social welfare, civic improvement, pleasure or recreation or for any other purpose except profit, no part of the income of which was payable to, or was otherwise available for the personal benefit of, any proprietor, member or shareholder thereof unless the proprietor, member or shareholder was a club, society or association the primary purpose and function of which was the promotion of amateur athletics in Canada; Mutual insurance corporations (m) a mutual insurance corporation that received its premiums wholly from the insurance of churches, schools or other charitable organizations; Housing companies (n) a limited-dividend housing company (within the meaning of that expression as defined in section 2 of the National Housing Act), all or substantially all of the business of which is the construction, holding or management of low-rental housing projects; (a) a trust governed by a registered pension plan; Pension corporations (i) incorporated and operated throughout the period either (A) solely for the administration of a registered pension plan, or (B) for the administration of a registered pension plan and for no other purpose other than acting as trustee of, or administering, a trust governed by a retirement compensation arrangement, where the terms of the arrangement provide for benefits only in respect of individuals who are provided with benefits under the registered pension plan, and (ii) accepted by the Minister as a funding medium for the purpose of the registration of the pension plan; (i) incorporated before November 17, 1978 solely in connection with, or for the administration of, a registered pension plan, (ii) that has at all times since the later of November 16, 1978 and the date on which it was incorporated (A) limited its activities to (I) acquiring, holding, maintaining, improving, leasing or managing capital property that is real property or an interest in real property — or immovables or a real right in immovables — owned by the corporation, another corporation described by this subparagraph and subparagraph (iv) or a registered pension plan, and (II) investing its funds in a partnership that limits its activities to acquiring, holding, maintaining, improving, leasing or managing capital property that is real property or an interest in real property — or immovables or a real right in immovables — owned by the partnership, (B) made no investments other than in real property or an interest in real property — or immovables or a real right in immovables — or investments that a pension plan is permitted to make under the Pension Benefits Standards Act, 1985 or a similar law of a province, and (C) borrowed money solely for the purpose of earning income from real property or an interest in real property or from immovables or a real right in immovables, (ii.1) that throughout the period (A) limited its activities to (I) acquiring Canadian resource properties by purchase or by incurring Canadian exploration expense or Canadian development expense, or (II) holding, exploring, developing, maintaining, improving, managing, operating or disposing of its Canadian resource properties, (B) made no investments other than in (I) Canadian resource properties, (II) property to be used in connection with Canadian resource properties described in clause 149(1)(o.2)(ii.1)(A), (III) loans secured by Canadian resource properties for the purpose of carrying out any activity described in clause 149(1)(o.2)(ii.1)(A) with respect to Canadian resource properties, or (IV) investments that a pension fund or plan is permitted to make under the Pension Benefits Standards Act, 1985 or a similar law of a province, and (C) borrowed money solely for the purpose of earning income from Canadian resource properties, or (iii) that made no investments other than investments that a pension fund or plan was permitted to make under the Pension Benefits Standards Act, 1985 or a similar law of a province, and (A) the assets of which were at least 98% cash and investments, (B) that had not accepted deposits or issued bonds, notes, debentures or similar obligations, and (C) that had derived at least 98% of its income for the period that is a taxation year of the corporation from, or from the disposition of, investments if, at all times since the later of November 16, 1978 and the date on which it was incorporated, (iv) all of the shares, and rights to acquire shares, of the capital stock of the corporation are owned by (A) one or more registered pension plans, (B) one or more trusts all the beneficiaries of which are registered pension plans, (C) one or more related segregated fund trusts (within the meaning assigned by paragraph 138.1(1)(a)) all the beneficiaries of which are registered pension plans, or (v) in the case of a corporation without share capital, all the property of the corporation has been held exclusively for the benefit of one or more registered pension plans, and for the purposes of subparagraph 149(1)(o.2)(iv), where a corporation has been formed as a result of the merger of two or more other corporations, it shall be deemed to be the same corporation as, and a continuation of, each such other corporation and the shares of the merged corporations shall be deemed to have been altered, in form only, by virtue of the merger and to have continued in existence in the form of shares of the corporation formed as a result of the merger; Prescribed small business investment corporations (o.3) a corporation that is prescribed to be a small business investment corporation; (o.4) a trust that is prescribed to be a master trust and that elects to be such a trust under this paragraph in its return of income for its first taxation year ending in the period; Pension Benefits Guarantee Fund (o.5) the Pension Benefits Guarantee Fund under the Pension Benefits Act, R.S.O. 1990, c. P.8, and any corporation established solely for investing the assets of the Pension Benefits Guarantee Fund; Trusts under profit sharing plan (p) a trust under an employees profit sharing plan to the extent provided by section 144; (q) a trust under a registered supplementary unemployment benefit plan to the extent provided by section 145; (q.1) an RCA trust (within the meaning assigned by subsection 207.5(1)); Trusts under registered retirement savings plan (r) a trust under a registered retirement savings plan to the extent provided by section 146; Trusts under deferred profit sharing plan (s) a trust under a deferred profit sharing plan to the extent provided by section 147; Trust governed by eligible funeral arrangement Cemetery care trust Registered education savings plans (u) a trust governed by a registered education savings plan to the extent provided by section 146.1; Trusts under registered disability savings plans (u.1) a trust governed by a registered disability savings plan to the extent provided by section 146.4; (u.2) a trust governed by a TFSA to the extent provided by section 146.2; Pooled registered pension plan (u.3) a trust governed by a pooled registered pension plan to the extent provided under section 147.5; (u.4) a trust governed by a FHSA to the extent provided by section 146.6; Amateur athlete trust (v) an amateur athlete trust; (w) a trust established as required under a law of Canada or of a province in order to provide funds out of which to compensate persons for claims against an owner of a business identified in the relevant law where that owner is unwilling or unable to compensate a customer or client, if no part of the property of the trust, after payment of its proper trust expenses, is available to any person other than as a consequence of that person being a customer or client of a business so identified; (x) a trust governed by a registered retirement income fund to the extent provided by section 146.3; Trusts to provide vacation pay (y) a trust established pursuant to the terms of a collective agreement between an employer or an association of employers and employees or their labour organization for the sole purpose of providing for the payment of vacation or holiday pay, if no part of the property of the trust, after payment of its reasonable expenses, is (i) available at any time after 1980, or (ii) paid after December 11, 1979 to any person (other than a person described in paragraph 149(1)(k)) otherwise than as a consequence of that person being an employee or an heir or legal representative thereof; Qualifying environmental trust Environmental Quality Act trust (i) that was created because of a requirement imposed by section 56 of the Environment Quality Act, R.S.Q., c. Q-2, (ii) that is resident in Canada, and (iii) in which the only persons that are beneficially interested are (C) a municipality (as defined in section 1 of that Act) that is exempt because of this subsection from tax under this Part on all of its taxable income; or Nuclear Fuel Waste Act trust (i) that was created because of a requirement imposed by subsection 9(1) of the Nuclear Fuel Waste Act, S.C. 2002, c. 23, (ii) that is resident in Canada, and (iii) in which the only persons that are beneficially interested are (C) a nuclear energy corporation (as defined in section 2 of that Act) all the shares of the capital stock of which are owned by one or more persons described in clause (A) or (B), (D) the waste management organization established under section 6 of that Act if all the shares of its capital stock are owned by one or more nuclear energy corporations described in clause (C), or (E) Atomic Energy of Canada Limited, being the company incorporated or acquired in accordance with subsection 10(2) of the Atomic Energy Control Act, R.S.C. 1970, c. A-19. (a) a corporation, commission or association (in this subsection referred to as “the entity”) would, but for this subsection, be described in any of paragraphs (1)(d) to (d.6), (b) one or more other persons (other than Her Majesty in right of Canada or a province, a municipality in Canada or a person which, at the particular time, is a person described in any of subparagraphs (1)(d) to (d.6)) have at the particular time one or more rights in equity or otherwise, either immediately or in the future and either absolutely or contingently, to or to acquire, shares or capital of the entity, and (c) the exercise of the rights referred to in paragraph (b) would result in the entity not being a person described in any of paragraphs (1)(d.1) to (d.6) at the particular time, the entity is deemed not to be, at the particular time, a person described in any of paragraphs (1)(d) to (d.6). (1.11) Subsection (1) does not apply in respect of a person’s taxable income for a particular taxation year that begins after 1998 where (a) paragraph (1)(d) did not apply in respect of the person’s taxable income for the person’s last taxation year that began before 1999; (b) paragraph (1)(d.2), (d.3) or (d.4) would, but for this subsection, have applied in respect of the person’s taxable income for the person’s first taxation year that began after 1998; (c) there has been no change in the direct or indirect control of the person during the period that (i) began at the beginning of the person’s first taxation year that began after 1998, and (ii) ends at the end of the particular year; (e) the person has not notified the Minister in writing before the particular year that the election has been revoked. Deemed election (1.12) If at any time there is an amalgamation (within the meaning assigned by subsection 87(1)) of a corporation (in this subsection referred to as the “parent”) and one or more other corporations (each of which in this subsection is referred to as the “subsidiary”) each of which is a subsidiary wholly-owned corporation of the parent, and immediately before that time the parent is a person to which subsection (1) does not apply by reason of the application of subsection (1.11), the new corporation is deemed, for the purposes of subsection (1.11), to be the same corporation as, and a continuation of, the parent. (1.2) For the purposes of paragraphs (1)(d.5) and (d.6), income of a corporation, a commission or an association from activities carried on outside the geographical boundaries of a municipality or of a municipal or public body does not include income from activities carried on (a) under an agreement that meets the following conditions: (i) the agreement is in writing between (A) the corporation, commission or association, and (B) a person who is His Majesty in right of Canada or of a province, a municipality, a municipal or public body or a corporation to which any of paragraphs (1)(d) to (d.6) applies and that is controlled by His Majesty in right of Canada or of a province, by a municipality in Canada or by a municipal or public body in Canada, (ii) the agreement is applicable within the geographical boundaries of (A) if the person is His Majesty in right of Canada or a corporation controlled by His Majesty in right of Canada, Canada, (B) if the person is His Majesty in right of a province or a corporation controlled by His Majesty in right of a province, the province, (C) if the person is a municipality in Canada or a corporation controlled by a municipality in Canada, the municipality, and (D) if the person is a municipal or public body or a corporation controlled by such a body, the area described in subsection (11) in respect of the person, (iii) the income earned from the activities carried on under the agreement is paid from the party described in clause (i)(B) to the party described in clause (i)(A), and (iv) the activities under the agreement are activities normally carried out by a local government; or (b) in a province as (i) a producer of electrical energy or natural gas, or where the activities are regulated under the laws of the province. (1.3) Paragraphs (1)(d) to (d.6) do not apply in respect of a person’s taxable income for a period in a taxation year if at any time during the period (a) the person is a corporation shares of the capital stock of which are owned by one or more other persons that, in total, give them more than 10% of the votes that could be cast at a meeting of shareholders of the corporation, other than shares that are owned by one or more persons each of which is (iii) a municipal or public body performing a function of government in Canada, or (iv) a corporation, a commission or an association, to which any of paragraphs (1)(d) to (d.6) apply; or (b) the person is, or would be if the person were a corporation, controlled, directly or indirectly in any manner whatever, by a person, or by a group of persons that includes a person, who is not (iii) a municipal or public body performing a function of government in Canada, or (iv) a corporation, a commission or an association, to which any of paragraphs (1)(d) to (d.6) apply.
For the purposes of paragraphs 149(1)(e), 149(1)(j), 149(1)(j.1) and 149(1)(l), in computing the part, if any, of any income that was payable to or otherwise available for the personal benefit of any person or the total of any amounts that is not less than a percentage specified in any of those paragraphs of any income for a period, the amount of such income shall be deemed to be the amount thereof determined on the assumption that the amount of any taxable capital gain or allowable capital loss is nil.
Subsection 149(1) does not apply in respect of the taxable income of a benevolent or fraternal society or order from carrying on a life insurance business or, for greater certainty, from the sale of property used by it in the year, in or held by it in the year in the course of, carrying on a life insurance business.
et que, à ce titre, la personne ou la société de personnes a reçu un prêt de la société, de toute autre société qui est liée ou d’une société de personnes dont la société ou toute autre société qui lui est liée est un associé, ou a par ailleurs contracté une dette en faveur de l’une d’elles, la personne ou la société de personnes est réputée avoir reçu, au cours d’une année d’imposition, un avantage égal à l’excédent éventuel du total visé à l’alinéa d) sur le montant visé à l’alinéa e) : d) le total des intérêts sur tous ces prêts et sur toutes ces dettes, calculés au taux prescrit sur chacun de ces prêts et chacune de ces dettes pour la période de l’année où le prêt ou la dette était impayé; e) le total des sommes suivantes : (i) le montant des intérêts pour l’année versés sur tous ces prêts et toutes ces dettes (sauf les prêts qui sont réputés par le paragraphe 15(2.17) avoir été consentis) au plus tard 30 jours après la fin de l’année, (ii) les montants d’intérêts déterminés, pour l’année, relativement à tous ces prêts qui sont réputés par le paragraphe 15(2.17) avoir été consentis. Non-application des par. (1) et (2)
For the purposes of subsection 149(3), the taxable income of a benevolent or fraternal benefit society or order from carrying on a life insurance business shall be computed on the assumption that it had no income or loss from any other sources. Exception — investment income of certain clubs
Les paragraphes (1) et (2) ne s’appliquent pas à un prêt ou à une dette ou à une partie quelconque d’un prêt ou d’une dette qui : a) soit est assujetti à un taux d’intérêt qui n’est pas inférieur au taux dont auraient été convenues, compte tenu des circonstances (y compris les modalités du prêt ou de la dette), au moment où le prêt a été reçu ou la dette contractée, des parties sans lien de dépendance, pourvu que : (i) d’une part, aucune partie n’ait reçu le prêt ou contracté la dette en vertu d’une charge ou d’un emploi ou en vertu de la qualité d’actionnaire d’une personne ou d’une société de personnes, (ii) d’autre part, l’activité d’entreprise habituelle du créancier ait inclus le prêt d’argent, sauf si un montant est payé ou payable au cours d’une année d’imposition donnée au créancier à l’égard de l’intérêt sur le prêt ou la dette par une partie qui n’est pas le débiteur; b) soit a été inclus dans le calcul du revenu d’une personne ou d’une société de personnes en vertu de la présente partie; c) soit satisfait aux conditions prévues au paragraphe 15(2.51) et est remboursé dans les 15 ans suivant le transfert d’entreprise admissible visé à ce paragraphe. Idem Impôt sur le revenu Intérêts sur prêt résidentiel
Notwithstanding subsections (1) and (2), where a club, society or association was for any period, a club, society or association described in paragraph (1)(l) the main purpose of which was to provide dining, recreation or sporting facilities for its members (in this subsection referred to as the "club"), a trust is deemed to have been created on the later of the commencement of the period and the end of 1971 and to have continued in existence throughout the period, and, throughout that period, the following rules apply: (a) the property of the club shall be deemed to be the property of the trust; (b) where the club is a corporation, the corporation shall be deemed to be the trustee having control of the trust property; (c) where the club is not a corporation, the officers of the club shall be deemed to be the trustees having control of the trust property; (d) tax under this Part is payable by the trust on its taxable income for each taxation year; (e) the income and taxable income of the trust for each taxation year shall be computed on the assumption that it had no incomes or losses other than (i) incomes and losses from property, and (ii) taxable capital gains and allowable capital losses from dispositions of property, other than property used exclusively for and directly in the course of providing the dining, recreational or sporting facilities provided by it for its members; (f) in computing the taxable income of the trust for each taxation year (i) there may be deducted, in addition to any other deductions permitted by this Part, $2,000, and (ii) no deduction shall be made under section 112 or 113; and (g) the provisions of Subdivision K of Division B (except subsections 104(1) and 104(2)) do not apply in respect of the trust. Apportionment rule
Pour le calcul, quant à une année d’imposition, de l’avantage visé au paragraphe (1) relativement à un prêt consenti pour l’achat d’une maison ou à un prêt à la réinstallation, le montant des intérêts déterminé conformément à l’alinéa (1)a) ne peut dépasser le montant des intérêts qui auraient été calculés conformément à cet alinéa s’ils avaient été calculés au taux prescrit en vigueur au moment où le prêt a été reçu ou la dette contractée, selon le cas. Idem
Where it is necessary for the purpose of this section to ascertain the taxable income of a taxpayer for a period that is a part of a taxation year, the taxable income for the period shall be deemed to be the proportion of the taxable income for the taxation year that the number of days in the period is of the number of days in the taxation year. Time for filing
Lorsqu’un particulier a, avant le 13 novembre 1981: a) reçu un prêt résidentiel; b) pris des arrangements par écrit pour un prêt consenti pour l’achat d’une maison qui, s’il avait été consenti avant 1982, aurait été un prêt résidentiel, pour le calcul du montant des intérêts visé à l’alinéa (1)a) sur le prêt, le montant du prêt peut être réduit: c) pour l’année d’imposition 1982, de l’excédent éventuel de 40 000 $ sur le total des montants suivants: (i) les montants demandés à titre de réduction en vertu du présent paragraphe pour l’année par son époux ou conjoint de fait avec lequel il résidait au cours de l’année, (ii) les montants demandés à titre de réduction en vertu du présent paragraphe pour l’année par le particulier sur tous les autres prêts; d) pour l’année d’imposition 1983, de l’excédent éventuel de 20 000 $ sur le total des montants suivants: (i) les montants demandés à titre de réduction en vertu du présent paragraphe pour l’année par son époux ou conjoint de fait avec lequel il résidait au cours de l’année, (ii) les montants demandés à titre de réduction en vertu du présent paragraphe pour l’année par le particulier sur tous les autres prêts. Prêts résidentiels et à la réinstallation
A corporation the taxable income of which for a taxation year is exempt from tax under this Part because of paragraph 149(1)(j) shall file with the Minister a prescribed form containing prescribed information on or before its filing-due date for the year. Penalty for failure to file on time (7.1) Where a corporation fails to file the prescribed form as required by subsection 149(7) for a taxation year, it is liable to a penalty equal to the amount determined by the formula A is the greater of (b) 2% of its taxable income for the year; and B is the lesser of (b) the number of months in whole or in part that are in the period that begins on the day on or before which the prescribed form is required to be filed and ends on the day it is filed. (a) a corporation is controlled by another corporation if more than 50% of its issued share capital (having full voting rights under all circumstances) belongs to (i) the other corporation, or (ii) the other corporation and persons with whom the other corporation does not deal at arm’s length, but a corporation shall be deemed not to have acquired control of a corporation if it has not purchased (or otherwise acquired for a consideration) any of the shares in the capital stock of that corporation; and (b) there shall be included in computing a corporation’s income and in determining its gross revenue the amount of all gifts received by the corporation and all amounts contributed to the corporation to be used for scientific research and experimental development. Rules for determining gross revenue
Pour l’application du présent article, à l’exception de l’alinéa (3)a) et du paragraphe (5), dans le cas d’un prêt Definitions or that is used to repay a home purchase loan; (prêt consenti pour l’achat d’une maison) (a) 6% per annum before 1978, (b) 8% per annum for 1978, and A × (B/C) where prêt consenti pour l’achat d’une maison La partie d’un prêt reçu ou d’une dette par ailleurs contractée par un particulier dans les circonstances visées au paragraphe (1) qui sert à acquérir, ou à rembourser un prêt reçu ou une dette contractée pour acquérir, une maison d’habitation, ou une action du capital-actions d’une coopérative d’habitation acquise dans le seul but d’acquérir le droit d’habiter une maison d’habitation dont la coopérative est propriétaire, dans le cas où la maison d’habitation est à loger : a) soit le particulier dont la charge ou l’emploi a permis d’obtenir le prêt ou de contracter la dette; b) soit un actionnaire déterminé de la société dont les services ont permis d’obtenir le prêt ou de contracter la dette; where (montant d’intérêts déterminé) [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1885, 1886, c. 1 (5th Supp.), s. 84, 1994, c. 7, Sch. II, s. 60, Sch. VI, s. 195, 1999, c. 22, 2000, c. 12, s. 142; 2013, c. 34, s. 216; 2016, c. 12, s. 24; 2017, c. 20, s. 5; 2024, c. 15, s. 16. (a) an individual or corporation under subsection 80.4(1), or c) soit une personne liée à une personne visée à l’alinéa a) ou b), ou qui sert à rembourser un prêt consenti pour l’achat d’une maison. (home purchase loan) taux prescrit a) 6 % par année avant 1978; b) 8 % par année après 1978; c) pour toute année ou partie d’année après 1978, le taux d’intérêt prescrit à cet égard sauf que, pour le calcul de l’avantage visé au paragraphe (1) au cours d’une année d’imposition à l’égard d’un prêt consenti pour l’achat d’une maison, reçu après le 12 novembre 1981 et avant 1982, le taux prescrit au moment où le prêt a été reçu est réputé être de 16 % par an. (prescribed rate) Sens de rattaché
In determining the gross revenue of a corporation for the purpose of determining whether it is described by paragraph 149(1)(j) for a taxation year, (a) there may be deducted an amount not exceeding its gross revenue for the year computed without including or deducting any amount under this subsection; and (b) there shall be included any amount that has been deducted under this subsection for the preceding taxation year.
Pour l’application du paragraphe (2), une personne ou une société de personnes est rattachée à un actionnaire d’une société si elle a un lien de dépendance avec lui, ou lui est affiliée, et s’agissant d’une personne, n’est pas : a) une société étrangère affiliée de la société; b) une société étrangère affiliée d’une personne résidant au Canada avec laquelle la société a un lien de dépendance. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1885, 1886, c. 1 (5e suppl.), art. 84; 1994, c. 7, ann. II, art. 60, ann. VI, art. 195; 1999, c. 22; 2000, c. 12, art. 142; 2013, c. 34, art. 216; 2016, c. 12, art. 24; 2017, c. 20, art. 5; 2024, c. 15, art. 16. Intérêts réputés
If at any time (in this subsection referred to as that time), a person — that is a corporation or, if that time is after September 12, 2013, a trust — becomes or ceases to be exempt from tax under this Part on its taxable income, the following rules apply: (a) the taxation year of the person that would, but for this paragraph, have included that time is deemed to end immediately before that time, a new taxation year of the person is deemed to begin at that time and, for the purpose of determining the person’s fiscal period after that time, the person is deemed not to have established a fiscal period before that time; (a.1) for the purpose of computing the person’s income for its first taxation year that ends after that time, the person is deemed to have deducted under sections 20, 138 and 140 in computing the person’s income for its taxation year that ended immediately before that time, the greatest amount that could have been claimed or deducted by the person for that year as a reserve under those sections; (b) the person is deemed to have disposed, at the time (in this subsection referred to as the “disposition time”) that is immediately before the time that is immediately before that time, of each property held by the person immediately before that time for an amount equal to its fair market value at that time and to have reacquired the property at that time at a cost equal to that fair market value; and (c) for the purposes of applying sections 37, 65 to 66.4, 66.7, 111 and 126, subsections 127(5) to (36) and section 127.3 to the person, the person is deemed to be a new corporation or trust, as the case may be, the first taxation year of which began at that time. Geographical boundaries — body performing government functions
a) soit un particulier ou une société, aux termes du paragraphe 80.4(1); b) soit une société de personnes, aux termes du paragraphe 80.4(2), le montant de l’avantage est réputé, pour l’application du sous-alinéa 8(1)j)(ii) et de l’alinéa 20(1)c), représenter des intérêts payés au cours de l’année et payables à l’égard de l’année par un débiteur conformément à une obligation légale de payer des intérêts sur de l’argent emprunté. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1880-81-82-83, c. 140, art. 45; 1984, c. 1, art. 36. Synthetic disposition Exception (d) the arrangement is an exchange of property to which subsection 51(1) applies; or SUBDIVISION G Statutory exemptions Income Tax PART I Income Tax DIVISION B Computation of Income
For the purpose of this section, the geographical boundaries of a municipal or public body performing a function of government are (a) the geographical boundaries that encompass the area in respect of which an Act of Parliament or an agreement given effect by an Act of Parliament recognizes or grants to the body a power to impose taxes; or (b) if paragraph (a) does not apply, the geographical boundaries within which that body has been authorized by the laws of Canada or of a province to exercise that function.
War Savings Certificate Service pension, allowance or compensation Impôt sur le revenu
Every person who, because of paragraph 149(1)(e) or 149(1)(l), is exempt from tax under this Part on all or part of the person’s taxable income shall, within 6 months after the end of each fiscal period of the person and without notice or demand therefor, file with the Minister an information return for the period in prescribed form and containing prescribed information, if (a) the total of all amounts each of which is a taxable dividend or an amount received or receivable by the person as, on account of, in lieu of or in satisfaction of, interest, rentals or royalties in the period exceeds $10,000; (b) at the end of the person’s preceding fiscal period the total assets of the person (determined in accordance with generally accepted accounting principles) exceeded $200,000; or (c) an information return was required to be filed under this subsection by the person for a preceding fiscal period. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: 2015, c. 41, s. 1; 2017, c. 12, s. 12.]
Canadian amateur athletic association means an association that (a) was created under any law in force in Canada, (b) is resident in Canada, (c) has no part of its income payable to, or otherwise available for the personal benefit of, any proprietor, member or shareholder of the association unless the proprietor, member or shareholder was a club, society or association the primary purpose and primary function of which was the promotion of amateur athletics in Canada, (d) has the promotion of amateur athletics in Canada on a nationwide basis as its exclusive purpose and exclusive function, and (e) devotes all its resources to that purpose and function; (association canadienne de sport amateur) charitable activities includes public policy dialogue and development activities carried on in furtherance of a charitable purpose; (activités de bienfaisance) charitable foundation means a corporation or trust that is constituted and operated exclusively for charitable purposes, no part of the income of which is payable to, or is otherwise available for, the personal benefit of any proprietor, member, shareholder, trustee or settlor thereof, and that is not a charitable organization; (fondation de bienfaisance) charitable organization, at any particular time, means an organization, whether or not incorporated, (a) constituted and operated exclusively for charitable purposes, (a.1) all the resources of which are devoted to charitable activities carried on by the organization itself or to making qualifying disbursements, (b) no part of the income of which is payable to, or is otherwise available for, the personal benefit of any proprietor, member, shareholder, trustee or settlor thereof, (c) more than 50% of the directors, trustees, officers or like officials of which deal at arm’s length with each other and with (i) each of the other directors, trustees, officers and like officials of the organization, (ii) each person described by subparagraph (d)(i) or (ii), and (iii) each member of a group of persons (other than Her Majesty in right of Canada or of a province, a municipality, another registered charity that is not a private foundation, and any club, society or association described in paragraph 149(1)(1)) who do not deal with each other at arm’s length, if the group would, if it were a person, be a person described by subparagraph (d)(i), and (d) that is not, at the particular time, and would not at the particular time be, if the organization were a corporation, controlled directly or indirectly in any manner whatever (i) by a person (other than Her Majesty in right of Canada or of a province, a municipality, another registered charity that is not a private foundation, and any club, society or association described in paragraph 149(1)(1)), (A) who immediately after the particular time, has contributed to the organization amounts that are, in total, greater than 50% of the capital of the organization immediately after the particular time, and (B) who immediately after the person’s last contribution to or before the particular time, had contributed to the organization amounts that were, in total, greater than 50% of the capital of the organization immediately after the making of that last contribution, or (ii) by a person, or by a group of persons that do not deal at arm’s length with each other, if the person or any member of the group does not deal at arm’s length with a person described in subparagraph (i); (œuvre de bienfaisance) charitable purposes includes making qualifying disbursements; (fins de bienfaisance) designated gift means that portion of a gift of property made in a taxation year by a particular registered charity, to another registered charity with which it does not deal at arm’s length, that is designated by the particular registered charity in its information return for the taxation year; (don déterminé) disbursement quota, for a taxation year of a registered charity, means the amount determined by the formula A is the number of days in the taxation year, and (a) 3.5% of the prescribed amount for the year, in respect of all or a portion of a property owned by the charity at any time in the 24 months immediately preceding the taxation year that was not used directly in charitable activities or administration, if the prescribed amount is equal to or less than $1 million but greater than (i) if the registered charity is a charitable organization, $100,000, and (ii) in any other case, $25,000, (b) if the prescribed amount for the year in respect of all or a portion of a property owned by the charity at any time in the 24 months immediately preceding the taxation year that was not used directly in charitable activities or administration is greater than $1 million, $35,000 plus 5% of the amount by which the prescribed amount exceeds $1 million, and divestment obligation percentage of a private foundation for a particular taxation year, in respect of a class of shares of the capital stock of a corporation, is the percentage, if any, that is the lesser of (a) the excess, if any, at the end of the taxation year, of the percentage of issued and outstanding shares of that class that are held by the private foundation over the exempt shares percentage of the private foundation, and (b) the percentage determined by the formula A is the percentage determined under this paragraph in respect of the private foundation in respect of the class for the preceding taxation year, B is the total of all percentages, each of which is the portion of a net increase in the excess corporate holdings percentage of the private foundation in respect of the class for the particular taxation year or for a preceding taxation year that is allocated to the particular taxation year in accordance with subsection 149.2(5), and C is the total of all percentages, each of which is the portion of a net decrease in the excess corporate holdings percentage of the private foundation in respect of the class for the particular taxation year or for a preceding taxation year that is allocated to the particular taxation year in accordance with subsection 149.2(7); (pourcentage de dessaisissement) excess corporate holdings percentage of a private foundation, in respect of a class of shares of the capital stock of a corporation, at any time means (a) if the private foundation is not, at that time, a registered charity, 0%, (b) if the private foundation holds, at that time, an insignificant interest in respect of the class, 0%, and (c) in any other case, the number of percentage points, if any, by which the total corporate holdings percentage of the private foundation in respect of the class, at that time, exceeds the greater of 20% and the exempt shares percentage, at that time, of the private foundation in respect of the class; (pourcentage de participation excédentaire) exempt shares held by a private foundation at any particular time means shares, of a class of the capital stock of a corporation, (a) that were acquired by the private foundation by way of a gift that was subject to a trust or direction that the shares are to be held by the private foundation for a period ending not earlier than the particular time, if the gift was made (i) before March 19, 2007, (ii) on or after March 19, 2007 and before March 19, 2012 (A) under the terms of a will that was executed by a taxpayer before March 19, 2007 and not amended, by codicil or otherwise, on or after March 19, 2007, and (B) in circumstances where no other will of the taxpayer was executed or amended on or after March 19, 2007, or (iii) on or after March 19, 2007, under the terms of a trust created before March 19, 2007, and not amended on or after March 19, 2007, (b) that were last acquired by the private foundation before March 19, 2007, other than shares that, at the particular time, (i) are described in paragraph (a), (ii) are listed on a designated stock exchange, or (iii) are shares of the capital stock of a particular corporation, which particular corporation has an equity percentage greater than 0% in a public corporation, a class of the shares of the capital stock of which is listed on a designated stock exchange, if (A) a corporation (in this subparagraph referred to as a “controlled corporation” and which may, for greater certainty, be the particular corporation) (I) owns one or more shares of a class of the capital stock of the public corporation, and (II) is controlled, directly or indirectly in any manner whatever, by one or more relevant persons in respect of the private foundation, or by the private foundation alone or together with one or more such relevant persons, (B) the private foundation, if it held directly the shares described in subclause (A)(I), would have an excess corporate holdings percentage (determined without reference to subsection 149.2(8)) in respect of that class of shares that is greater than 0%, and (C) the private foundation, alone or together with all controlled corporations, holds more than an insignificant interest in respect of the class of shares described in subclause (A)(I), or (c) that are substituted shares held by the private foundation; (actions exonérées) exempt shares percentage of a private foundation at any time, in respect of a class of shares of the capital stock of a corporation, is the total of all amounts, each of which is the percentage of the issued and outstanding shares of that class that are exempt shares held by the private foundation at that time; (pourcentage d’actions exonérées) grantee organization includes a person, club, society, association or organization or prescribed entity, but does not include a qualified donee; (organisation donataire) ineligible individual, at any time, means an individual who has been (a) convicted of a relevant criminal offence unless it is a conviction for which (i) a pardon has been granted and the pardon has not been revoked or ceased to have effect, or (ii) a record suspension has been ordered under the Criminal Records Act and the record suspension has not been revoked or ceased to have effect, (b) convicted of a relevant offence in the five-year period preceding that time, (c) a director, trustee, officer or like official of a registered charity or a registered Canadian amateur athletic association during a period in which the charity or association engaged in conduct that can reasonably be considered to have constituted a serious breach of the requirements for registration under this Act and for which the registration of the charity or association was revoked in the five-year period preceding that time, (d) an individual who controlled or managed, directly or indirectly, in any manner whatever, a registered charity or a registered Canadian amateur athletic association during a period in which the charity or association engaged in conduct that can reasonably be considered to have constituted a serious breach of the requirements for registration under this Act and for which its registration was revoked in the five-year period preceding that time, (e) a promoter in respect of a tax shelter that involved a registered charity or a registered Canadian amateur athletic association, the registration of which was revoked in the five-year period preceding that time for reasons that included or were related to participation in the tax shelter, (f) a listed terrorist entity, or a member of a listed terrorist entity, (g) a director, trustee, officer or like official of a listed terrorist entity during a period in which that entity supported or engaged in terrorist activities, including a period prior to the date on which the entity became a listed terrorist entity, or (h) an individual who controlled or managed, directly or indirectly, in any manner whatever, a listed terrorist entity during a period in which that entity supported or engaged in terrorist activities, including a period prior to the date on which the entity became a listed terrorist entity; (particulier non admissable) listed terrorist entity, at any time, means a person, partnership, group, fund, unincorporated association or organization that is named a listed entity, as defined in subsection 83.01(1) of the Criminal Code; (entité terroriste inscrite) material transaction of a private foundation, in respect of a class of shares of the capital stock of a corporation, means a transaction or a series of transactions or events in shares of the class, in respect of which the total fair market value of the shares of the class that are acquired or disposed of by the private foundation or any relevant person in respect of the private foundation as part of the transaction or series (determined at the time of the transaction, or at the end of the series, as the case may be) exceeds the lesser of (b) 0.5% of the total fair market value of all of the issued and outstanding shares of the class; (opération importante) non-qualified investment of a private foundation means (a) a debt (other than a pledge or undertaking to make a gift) owing to the foundation by (i) a person (other than an excluded corporation) (A) who is a member, shareholder, trustee, settlor, officer, official or director of the foundation, (B) who has, or is a member of a group of persons who do not deal with each other at arm’s length who have, contributed more than 50% of the capital of the foundation, or (C) who does not deal at arm’s length with any person described in clause (A) or (B), or (ii) a corporation (other than an excluded corporation) controlled by the foundation, by any person or group of persons referred to in subparagraph (i), by the foundation and any other private foundation with which it does not deal at arm’s length or by any combination thereof, (b) a share of a class of the capital stock of a corporation (other than an excluded corporation) referred to in paragraph (a) held by the foundation (other than a share listed on a designated stock exchange or a share that would be a qualifying share within the meaning assigned by subsection 192(6) if that subsection were read without reference to the expression “issued after May 22, 1985 and before 1987”), and (c) a right held by the foundation to acquire a share referred to in paragraph (b), and, for the purpose of this definition, an excluded corporation is (e) a corporation all of the property of which is used by a registered charity in its administration or in carrying on its charitable activities, or (f) a corporation all of the issued shares of which are held by the foundation; (placement non admissible) original corporate holdings percentage of a private foundation, in respect of a class of shares of the capital stock of a corporation, means the total corporate holdings percentage of the private foundation, in respect of that class, held on March 18, 2007; (pourcentage de participation initiale) private foundation means a charitable foundation that is not a public foundation; (fondation privée) promoter has the meaning assigned by section 237.1; (promoteur) public foundation, at a particular time, means a charitable foundation (a) more than 50% of the directors, trustees, officers or like officials of which deal at arm’s length with each other and with (i) each of the other directors, trustees, officers and like officials of the foundation, (ii) each person described by subparagraph (b)(i) or (ii), and (iii) each member of a group of persons (other than Her Majesty in right of Canada or of a province, a municipality, another registered charity that is not a private foundation, and any club, society or association described in paragraph 149(1)(l)) who do not deal with each other at arm’s length, if the group would, if it were a person, be a person described by subparagraph (b)(i), and (b) that is not, at the particular time, and would not at the particular time be, if the foundation were a corporation, controlled directly or indirectly in any manner whatever (i) by a person (other than Her Majesty in right of Canada or of a province, a municipality, another registered charity that is not a private foundation and any club, society or association described in paragraph 149(1)(l)), (A) who immediately after the particular time, has contributed to the foundation amounts that are, in total, greater than 50% of the capital of the foundation immediately after the particular time, and (B) who immediately after the person’s last contribution at or before the particular time, had contributed to the foundation amounts that were, in total, greater than 50% of the capital of the foundation immediately after the making of that last contribution, or (ii) by a person, or by a group of persons that do not deal at arm’s length with each other, if the person or any member of the group does not deal at arm’s length with a person described in subparagraph (i); (fondation publique) qualified donee, at any time, means a person that is (a) registered by the Minister and that is (i) a housing corporation resident in Canada and exempt from tax under this Part because of paragraph 149(1)(i) that has applied for registration, (iii) a municipal or public body performing a function of government in Canada that has applied for registration, (iv) a university outside Canada, the student body of which ordinarily includes students from Canada, that has applied for registration, or (v) a foreign charity that has applied to the Minister for registration under subsection (26), (b.1) a registered Canadian amateur athletic association, or qualifying disbursement means a disbursement by a charity, by way of a gift or by otherwise making resources available, (b) to a grantee organization, if (i) the disbursement is in furtherance of a charitable purpose (determined without reference to the definition charitable purposes in this subsection) of the charity, (ii) the charity ensures that the disbursement is exclusively applied to charitable activities in furtherance of a charitable purpose of the charity, and (A) the purpose for which the disbursement is made, and (B) that the disbursement is exclusively applied by the grantee organization to charitable activities in furtherance of a charitable purpose of the charity; qualifying journalism organization means a corporation or trust that meets the following conditions: (a) it is a qualified Canadian journalism organization, (b) it is constituted and operated for purposes exclusively related to journalism, (c) any business activities it carries on are related to its purposes, (e) it is not controlled, directly or indirectly in any manner whatever, by a person or by a group of persons that do not deal with each other at arm’s length, (f) it may not, in a taxation year, receive gifts from any one source that represent more than 20% of its total revenues (including donations) for the taxation year, other than a gift (i) made by way of bequest, (ii) made within 12 months after the time the organization is first registered, or (iii) approved, on a case-by-case basis, by the Minister, (g) no part of its income is payable to, or otherwise available for the personal benefit of, any proprietor, member, shareholder, director, trustee, settlor or like individual, and related business, in relation to a charity or Canadian amateur athletic association, includes a business that is unrelated to the purposes of the charity or association if substantially all persons employed by the charity or association in the carrying on of that business are not remunerated for that employment; (activité commerciale complémentaire) relevant criminal offence means a criminal offence under the laws of Canada, and an offence that would be a criminal offence if it were committed in Canada, that (a) relates to financial dishonesty, including tax evasion, theft and fraud, or (b) in respect of a charity or Canadian amateur athletic association, is relevant to the operation of the charity or association; (infraction criminelle pertinente) relevant offence means an offence, other than a relevant criminal offence, under the laws of Canada or a province, and an offence that would be such an offence if it took place in Canada, that (a) relates to financial dishonesty, including an offence under charitable fundraising legislation, consumer protection legislation and securities legislation, or (b) in respect of a charity or Canadian amateur athletic association, is relevant to the operation of the charity or association; (infraction pertinente) relevant person in respect of a private foundation means a person who, at any time in respect of which the expression is relevant, deals not at arm’s length with the private foundation (determined as if subsection 251(2) were applied as if the private foundation were a corporation), but does not include (a) a person who at that time is considered to deal not at arm’s length with the private foundation solely because of a right referred to in paragraph 251(5)(b), or (i) who at that time has attained the age of 18 years and lives separate and apart from any other individual (referred to in this definition as a “controlling individual”) who would, if the private foundation were a corporation, control, or be a member of a related group that controls, the private foundation, and (ii) in respect of whom the Minister is satisfied, upon review of an application by the private foundation, that the individual would, if subsection 251(1) were read without reference to its paragraphs (a) and (b), at that time, deal at arm’s length with all controlling individuals; (personne intéressée) substituted shares held by a private foundation means shares acquired by the private foundation, in exchange for exempt shares held by the private foundation, in the course of a transaction to which section 51, subsection 85.1(1) or section 86 or 87 applies; (actions de remplacement) total corporate holdings percentage of a private foundation, in respect of a class of shares of the capital stock of a corporation, at any particular time means the percentage of the issued and outstanding shares of that class that are held at that time by the private foundation, or by a relevant person in respect of the private foundation who holds a material interest in respect of that class; (pourcentage de participation totale) Deeming rule — Safe Streets and Communities Act (1.01) In this section, a reference to a record suspension is deemed also to be a reference to a pardon that is granted or issued under the Criminal Records Act. Deeming rule — listed terrorist entity (1.02) If, but for this subsection, a person, partnership, group, fund, unincorporated association or organization becomes a listed terrorist entity at a particular time and ceases to be a listed terrorist entity at a later time further to an application made under subsection 83.05(2) of the Criminal Code or as a result of paragraph 83.05(6)(d) of that Act, then the entity is deemed not to have become a listed terrorist entity and to not have been a listed terrorist entity throughout that period. (1.1) For the purposes of paragraphs (2)(b), (3)(b) and (4)(b) and subsection (21), the following shall be deemed to be neither an amount expended in a taxation year on charitable activities nor a gift made to a qualified donee: (c) a transfer that has, because of paragraph (c) of the description of B in subsection 188(1.1), paragraph 189(6.2)(b) or subsection 189(6.3), reduced the amount of a liability under Part V; and Authority of Minister (1.2) For the purposes of the determination of B in the definition disbursement quota in subsection 149.1(1), the Minister may (a) authorize a change in the number of periods chosen by a registered charity in determining the prescribed amount; and (b) accept any method for the determination of the fair market value of property or a portion thereof that may be required in determining the prescribed amount. Revocation of registration of charitable organization
The Minister may, in the manner described in section 168, revoke the registration of a charitable organization for any reason described in subsection 168(1) or where the organization (a) carries on a business that is not a related business of that charity; (b) fails to expend in any taxation year, on charitable activities carried on by it and by way of gifts made by it that are qualifying disbursements, amounts the total of which is at least equal to the organization’s disbursement quota for that year; or (c) makes a disbursement, other than (i) a disbursement made in the course of charitable activities carried on by it, or Revocation of registration of public foundation
The Minister may, in the manner described in section 168, revoke the registration of a public foundation for any reason described in subsection 168(1) or where the foundation (a) carries on a business that is not a related business of that charity; (b) fails to expend in any taxation year, on charitable activities carried on by it and by way of gifts made by it that are qualifying disbursements, amounts the total of which is at least equal to the foundation’s disbursement quota for that year; (b.1) makes a disbursement, other than (i) a disbursement made in the course of charitable activities carried on by it, or (ii) a qualifying disbursement; (c) since June 1, 1950, acquired control of any corporation; (d) since June 1, 1950, incurred debts, other than debts for current operating expenses, debts incurred in connection with the purchase and sale of investments and debts incurred in the course of administering charitable activities; or (e) at any time within the 24 month period preceding the day on which notice is given to the foundation by the Minister pursuant to subsection 168(1) and at a time when the foundation was a private foundation, took any action or failed to expend amounts such that the Minister was entitled, pursuant to subsection 149.1(4), to revoke its registration as a private foundation. Revocation of registration of private foundation
d’une disposition d’une convention ou d’un accord fiscal conclu avec un autre pays et qui a force de loi au Canada; Certificats d’épargne de guerre b) une somme reçue en vertu d’un certificat d’épargne de guerre émis par Sa Majesté du chef du Canada ou en vertu d’un certificat semblable émis par Sa Majesté du chef de Terre-Neuve avant le 1er avril 1949; Navire ou aéronef de non-résidents c) le revenu pour l’année d’une personne non-résidente gagné au Canada provenant du transport maritime international ou de l’exploitation d’un aéronef en transport international, si le pays de résidence de cette personne accorde sensiblement le même dégagement pour l’année à des personnes résidant au Canada; Navire de sociétés résidentes
The Minister may, in the manner described in section 168, revoke the registration of a private foundation for any reason described in subsection 168(1) or where the foundation (b) fails to expend in any taxation year, on charitable activities carried on by it and by way of gifts made by it that are qualifying disbursements, amounts the total of which is at least equal to the foundation’s disbursement quota for that year; (b.1) makes a disbursement, other than (i) a disbursement made in the course of charitable activities carried on by it, or (ii) a qualifying disbursement; (c) has, in respect of a class of shares of the capital stock of a corporation, a divestment obligation percentage at the end of any taxation year; (d) since June 1, 1950, incurred debts, other than debts for current operating expenses, debts incurred in connection with the purchase and sale of investments and debts incurred in the course of administering charitable activities. (4.1) The Minister may, in the manner described in section 168, revoke the registration (a) of a registered charity, if it has entered into a transaction (including a gift to another registered charity) and it may reasonably be considered that a purpose of the transaction was to avoid or unduly delay the expenditure of amounts on charitable activities; (b) of a registered charity, if it may reasonably be considered that a purpose of entering into a transaction (including the acceptance of a gift) with another registered charity to which paragraph (a) applies was to assist the other registered charity in avoiding or unduly delaying the expenditure of amounts on charitable activities; (c) of a registered charity, if a false statement (as defined in subsection 163.2(1)) was made in circumstances amounting to culpable conduct (as defined in subsection 163.2(1)) in the furnishing of information for the purpose of obtaining or maintaining its registration; (d) of a registered charity, if it has in a taxation year received a gift of property (other than a designated gift) from another registered charity with which it does not deal at arm’s length and it has expended, before the end of the next taxation year, in addition to its disbursement quota for each of those taxation years, an amount that is less than the fair market value of the property, on charitable activities carried on by it or by way of gifts that are qualifying disbursements to qualified donees or grantee organizations, with which it deals at arm’s length; (e) of a registered charity, if an ineligible individual is a director, trustee, officer or like official of the charity, or controls or manages the charity, directly or indirectly, in any manner whatever; and (f) of a registered charity, if it accepts a gift from a foreign state, as defined in section 2 of the State Immunity Act, that is set out on the list referred to in subsection 6.1(2) of that Act. Revocation of registration of Canadian amateur athletic association (4.2) The Minister may, in the manner described in section 168, revoke the registration of a registered Canadian amateur athletic association (a) for any reason described in subsection 168(1); (b) if the association carries on a business that is not a related business of that association; (c) if an ineligible individual is a director, trustee, officer or like official of the association, or controls or manages the association, directly or indirectly, in any manner whatever; or (d) if the association accepts a gift from a foreign state, as defined in section 2 of the State Immunity Act, that is set out on the list referred to in subsection 6.1(2) of that Act. (4.3) The Minister may, in the manner described in section 168, revoke the registration of a qualified donee referred to in paragraph (a) or (b.1) of the definition qualified donee in subsection (1) for any reason described in subsection 168(1).
c.1) le revenu pour l’année d’une société résidant au Canada (compte non tenu du paragraphe 250(4)) qui provient du transport maritime international, si cette société remplit les conditions énoncées aux alinéas 250(6)a) et b); Allocation, pension ou indemnité de service de guerre d) un revenu, allocation ou indemnité reçu en vertu de la Loi sur les pensions, de la Loi sur les prestations de guerre pour les civils ou de la Loi sur les allocations aux anciens combattants, ou régi par ces lois, un revenu reçu en vertu du Décret sur les décorations pour bravoure ou encore, une indemnité reçue en vertu des règlements d’application de l’article 9 de la Loi sur l’aéronautique; Sommes relatives aux militaires et vétérans des Forces canadiennes
The Minister may, on application made to the Minister in prescribed form by a registered charity, specify any amount in respect of the charity for a taxation year and the registered charity’s disbursement quota shall be deemed to be reduced by that amount. Devotion of resources — charitable activity
d.1) le total des sommes ci-après que reçoit ou dont jouit le contribuable, son époux ou conjoint de fait ou son survivant (au sens du paragraphe 146.2(1)) au cours de l’année au titre de ce qui suit : (i) une allocation de soutien du revenu qui lui est payable en vertu de la partie 2 de la Loi sur le bien-être des vétérans, (ii) une indemnité pour douleur et souffrance, une indemnité supplémentaire pour douleur et souffrance, une indemnité pour blessure grave, une indemnité d’invalidité, une indemnité de décès, une allocation vestimentaire ou une indemnité de captivité qui lui est payable en vertu de la partie 3 de la Loi sur le bien-être des vétérans, (A) a home modifications benefit, (B) a home modifications move benefit, (C) a vehicle modifications benefit, (D) a home assistance benefit, (E) an attendant care benefit, (F) a caregiver benefit, (I) a next of kin travel benefit, or War pensions Halifax disaster pensions, grants or allowances Income Tax PART I Income Tax DIVISION B Computation of Income
A charitable organization shall be considered to be devoting its resources to charitable activities carried on Qualifying disbursement limit — charitable organizations (6.001) In any taxation year, disbursements of income of a charitable organization by way of gifts to a qualified donee (other than disbursements of income to a registered charity that the Minister has designated in writing as a charity associated with the charitable organization) in excess of 50% of the charitable organization’s income for that year are not qualifying disbursements. (6.01) A Canadian amateur athletic association is considered to devote its resources to its exclusive purpose and exclusive function to the extent that it carries on (b) activities involving the participation of professional athletes, if those activities are ancillary and incidental to its exclusive purpose and exclusive function. Charitable purposes (6.1) For the purposes of the definition charitable foundation in subsection (1), a corporation or trust that devotes any part of its resources to the direct or indirect support of, or opposition to, any political party or candidate for public office shall not be considered to be constituted and operated exclusively for charitable purposes. Charitable purposes (6.2) For the purposes of the definition charitable organization in subsection (1), an organization that devotes any part of its resources to the direct or indirect support of, or opposition to, any political party or candidate for public office shall not be considered to be constituted and operated exclusively for charitable purposes. Activities of Canadian amateur athletic associations (6.201) For the purposes of the definition Canadian amateur athletic association in subsection (1), an association that devotes any part of its resources to the direct or indirect support of, or opposition to, any political party or candidate for public office shall not be considered to devote that part of its resources to its exclusive purpose and exclusive function. Marriage for civil purposes (6.21) For greater certainty, subject to subsections (6.1) and (6.2), a registered charity with stated purposes that include the advancement of religion shall not have its registration revoked or be subject to any other penalty under Part V solely because it or any of its members, officials, supporters or adherents exercises, in relation to marriage between persons of the same sex, the freedom of conscience and religion guaranteed under the Canadian Charter of Rights and Freedoms. Designation as public foundation, etc. (6.3) The Minister may, by notice sent by registered mail to a registered charity, on the Minister’s own initiative or on application made to the Minister in prescribed form, designate the charity to be a charitable organization, private foundation or public foundation and the charity shall be deemed to be registered as a charitable organization, private foundation or public foundation, as the case may be, for taxation years commencing after the day of the making of the notice unless and until it is otherwise designated under this subsection or its registration is revoked under subsection 149.1(2), 149.1(3), 149.1(4), 149.1(4.1) or 168(2). National arts service organizations (6.4) Where an organization that (a) has, on written application to the Minister of Communications describing all of its objects and activities, been designated by that Minister on approval of those objects and activities to be a national arts service organization, (b) has, as its exclusive purpose and its exclusive function, the promotion of arts in Canada on a nation-wide basis, (c) is resident in Canada and was formed or created in Canada, and applies in prescribed form to the Minister of National Revenue for registration, that Minister may register the organization for the purposes of this Act and, where the organization so applies or is so registered, this section, paragraph 38(a.1), sections 110.1, 118.1, 168, 172, 180 and 230, subsection 241(3.2) and Part V apply, with such modifications as the circumstances require, to the organization as if it were an applicant for registration as a charitable organization or as if it were a registered charity that is designated as a charitable organization, as the case may be. Revocation of designation (6.5) The Minister of Communications may, at any time, revoke the designation of an organization made for the purpose of subsection 149.1(6.4) where (a) an incorrect statement was made in the furnishing of information for the purpose of obtaining the designation, or (b) the organization has amended its objects after its last designation was made, and, where the designation is so revoked, the organization shall be deemed for the purpose of section 168 to have ceased to comply with the requirements of this Act for its registration under this Act. Designation of associated charities
Income from income exempt under para. (g.1) Impôt sur le revenu
On application made to the Minister in prescribed form, the Minister may, in writing, designate a registered charity as a charity associated with one or more specified registered charities where the Minister is satisfied that the charitable aim or activity of each of the registered charities is substantially the same, and on and after a date specified in such a designation, the charities to which it relates shall, until such time, if any, as the Minister revokes the designation, be deemed to be associated. Public policy activities (10.1) Subject to subsections (6.1) and (6.2), public policy dialogue and development activities carried on by an organization, corporation or trust in support of its stated purposes shall be considered to be carried on in furtherance of those purposes and not for any other purpose. Partnership look-through rule
For the purposes of this section and sections 149.2 and 188.1, each member of a partnership at any time is deemed at that time to own the portion of each property of the partnership equal to the proportion that the fair market value of the member’s interest in the partnership at that time is of the fair market value of all interests in the partnership at that time.
For the purposes of this section, (a) a corporation is controlled by a charitable foundation if more than 50% of the corporation’s issued share capital, having full voting rights under all circumstances, belongs to (i) the foundation, or (ii) the foundation and persons with whom the foundation does not deal at arm’s length, but, for the purpose of paragraph (3)(c), a charitable foundation is deemed not to have acquired control of a corporation if it has not purchased or otherwise acquired for consideration more than 5% of the issued shares of any class of the capital stock of that corporation; (b) there shall be included in computing the income of a charity for a taxation year all gifts received by it in the year including gifts from any other charity but not including (i) a designated gift, (ii) any gift or portion of a gift in respect of which it is established that the donor is not a charity and (A) has not been allowed a deduction under paragraph 110.1(1)(a) in computing the donor’s taxable income or under subsection 118.1(3) in computing the donor’s tax payable under this Part, or (B) was not taxable under section 2 for the taxation year in which the gift was made, or (iii) any gift or portion of a gift in respect of which it is established that the donor is a charity and that the gift was not made out of the income of the donor; and (c) subsections 104(6) and 104(12) are not applicable in computing the income of a charitable foundation that is a trust. Designation of private foundation as public
On application made to the Minister by a private foundation, the Minister may, on such terms and conditions as the Minister considers appropriate, designate the foundation to be a public foundation, and on and after the date specified in such a designation, the foundation to which it relates shall, until such time, if any, as the Minister revokes the designation, be deemed to be a public foundation.
Indemnisation des victimes du désastre d’Halifax f) les pensions, subventions ou allocations versées, pour des décès ou blessures provoqués par l’explosion survenue à Halifax en 1917, soit par la Commission de secours d’Halifax, dont la constitution a été confirmée par la Loi concernant la Commission de secours d’Halifax, chapitre 24 des Statuts du Canada de 1918, soit en vertu de La Loi sur la prise en charge des prestations de la Commission de secours d’Halifax, chapitre 88 des Statuts du Canada de 1974-75-76; Indemnité versée par la République fédérale d’Allemagne g) un versement effectué par la République fédérale d’Allemagne ou par un organisme public remplissant une fonction gouvernementale dans ce pays à titre d’indemnité à une victime de la persécution nationale-socialiste, lorsque ce versement n’est pas payable relativement à ce paiement en vertu d’une loi de la République fédérale d’Allemagne établissant un impôt sur le revenu; Revenu tiré de dommages-intérêts pour préjudice corporel g.1) le revenu pour l’année provenant d’un bien acquis par ou pour une personne à titre de dommages-intérêts ou en vertu d’une action en dommages-intérêts intentée pour de tels dommages, ou provenant d’un bien remplacé par ce bien, ainsi que tout gain en capital imposable pour l’année provenant de la disposition d’un tel bien, (i) dans le cas où il s’agit d’un revenu provenant du bien, s’il a été gagné pour une période tombant avant la fin de l’année d’imposition où la personne a atteint l’âge de 21 ans, et (ii) dans les autres cas, si la personne avait moins de 21 ans pendant une partie de l’année; Revenu tiré d’un revenu exonéré en vertu de l’al. g.1) g.2) tout revenu pour l’année (à l’exclusion du revenu se rapportant à une période tombant après la fin de l’année d’imposition et au cours de laquelle la personne au profit de qui le revenu a été gagné a atteint l’âge de 21 ans) tiré d’un revenu qui, en vertu de l’alinéa g.1), ne prévoit pas d’inclure dans le calcul du revenu du contribuable; Certaines fiducies à financement public g.3) la somme qui, en l’absence du présent alinéa, représenterait le revenu du contribuable pour l’année, si, à la fois : Energy cost relief (i) le contribuable est une fiducie créée en vertu de l’une des conventions suivantes : (A) la Convention de règlement relative à l’hépatite C 1986-1990 conclue par Sa Majesté du chef du Canada et Sa Majesté du chef de chacune des provinces, (B) la Convention de règlement relative à l’hépatite C visant la période antérieure à 1986 et la période postérieure à 1990 conclue par Sa Majesté du chef du Canada, (C) la Convention de règlement relative aux pensionnats indiens conclue par Sa Majesté du chef du Canada le 8 mai 2006, (D) l’entente intervenue conclue par Sa Majesté du chef du Canada le 15 septembre 2021 relativement au recours collectif sur la qualité à long terme de l’eau potable des premières nations touchées, (E) l’entente de règlement conclue par Sa Majesté du chef du Canada le 18 janvier 2023 relativement au recours collectif sur les élèves externes, (F) l’entente de règlement conclue par Sa Majesté du chef du Canada, ayant pris effet le 19 avril 2023, relativement aux recours collectifs concernant les Services à l’enfance et à la famille des Premières Nations, le principe de Jordan et le groupe Trout, (ii) les seules sommes versées au contribuable avant la fin de l’année sont celles prévues par la convention applicable visée au sous-alinéa (i); Allocation de chauffage (g.4) un montant reçu conformément au Décret autorisant des paiements à titre gracieux pour la hausse des frais de chauffage; Allocation liée au coût de l’énergie (g.5) la somme reçue en application de la partie 1 de la Loi sur les mesures d’aide liées au coût de l’énergie; Programme ontarien d’aide relative aux tarifs d’électricité (g.6) un montant d’aide tarifaire reçu en application de l’article 79.2 de la Loi de 1998 sur la Commission de l’énergie de l’Ontario, L.O. 1998, chap. 15, annexe B, avec ses modifications successives; R.C.M.P. pension or compensation Prospecting Interest on certain obligations Income Tax PART I Income Tax DIVISION B Computation of Income
Every registered charity and registered Canadian amateur athletic association shall, within six months from the end of each taxation year of the charity or association and without notice or demand, file with the Minister both an information return and a public information return for the year in prescribed form and containing prescribed information. (14.1) Every registered journalism organization shall, within six months from the end of each taxation year of the organization and without notice or demand, file with the Minister both an information return and a public information return for the year in prescribed form and containing prescribed information including, for the public information return, for each donor whose total gifts to the organization in the year exceed $5,000, the name of the donor and the total amount donated. Information may be communicated (a) the information contained in a public information return referred to in subsection (14) or (14.1), and the filing status of information returns required by that subsection, shall be communicated or otherwise made available to the public by the Minister in such manner as the Minister considers appropriate; (b) the Minister may make available to the public in any manner that the Minister considers appropriate, in respect of each registered, or previously registered, charity, Canadian amateur athletic association, journalism organization and qualified donee referred to in paragraph (a) of the definition qualified donee in subsection (1), (i) its name, address and date of registration, (ii) in the case of a registered, or previously registered, charity, Canadian amateur athletic association or journalism organization, its registration number, and (iii) the effective date of any suspension, revocation, annulment or termination of registration; and (c) if, at any time during a taxation year of a private foundation that is a registered charity, the private foundation holds more than an insignificant interest in respect of a class of shares of the capital stock of a corporation, the Minister shall make available to the public in such manner as the Minister deems appropriate, (i) the name of the corporation, and (ii) in respect of each class of shares of the corporation, that portion of the total corporate holdings percentage of the private foundation in respect of the class that is attributable to (A) holdings of shares of that class by the private foundation, and (B) the total of all holdings of shares of that class by relevant persons in respect of the private foundation. Rule regarding disbursement excess
if (o) and (p) [Repealed, 1998, c. 19, s. 14(1)] Impôt sur le revenu
Where a registered charity has expended a disbursement excess for a taxation year, the charity may, for the purpose of determining whether it complies with the requirements of paragraph (2)(b), (3)(b) or (4)(b), as the case may be, for the immediately preceding taxation year of the charity and five or less of its immediately subsequent taxation years, include in the computation of the amounts expended on charitable activities carried on by it and by way of gifts made by it that are qualifying disbursements, such portion of that disbursement excess as was not so included under this subsection for any preceding taxation year.
For the purpose of subsection (20), disbursement excess, for a taxation year of a charity, means the amount, if any, by which the total of amounts expended in the year by the charity on charitable activities carried on by it and by way of gifts made by it that are qualifying disbursements exceeds its disbursement quota for the year.
The Minister may, by registered mail, give notice to a person that the application of the person for registration as a registered charity, registered Canadian amateur athletic association, registered journalism organization or qualified donee referred to in subparagraph (a)(i) or (iii) of the definition qualified donee in subsection (1) is refused.
The Minister may, by registered mail, give notice to a person that the registration of the person as a registered charity is annulled and deemed not to have been so registered, if the person was so registered by the Minister in error or the person has, solely as a result of a change in law, ceased to be a charity.
Pension ou indemnité de la Gendarmerie royale du Canada i) une pension ou une indemnité pour blessure, invalidité ou décès reçue en vertu de l’article 5, 31 ou 45 de la Loi sur la continuation des pensions de la Gendarmerie royale du Canada, chapitre R-10 des Statuts révisés du Canada de 1970, ou des articles 32 ou 33 de la Loi sur la pension de retraite de la Gendarmerie royale du Canada; Subvention commémorative j) une somme reçue dans le cadre du Programme de subvention commémoratif pour les premiers répondants établi en vertu de la Loi sur le ministère de la Sécurité publique et de la Protection civile à l’égard des personnes qui ont perdu la vie dans l’exercice ou à cause de leurs fonctions en raison d’une maladie professionnelle ou d’un trouble psychologique; Régime de participation des employés aux bénéfices k) une somme ou partie de somme versée en vertu d’un régime de participation des employés aux bénéfices qui, selon l’article 144, n’est pas à inclure; Prospection l) une somme afférente à la réception d’une action qui, selon l’article 35, n’est pas à inclure; Intérêts sur certaines obligations m) les intérêts accumulés en faveur d’une société qui réside au Canada (appelée la « société mère » au présent alinéa), reçus ou recevables par elle, sur une obligation, en effet, un billet, une hypothèque ou un titre semblable reçu par elle en contrepartie de la disposition qu’elle a faite, avant le 18 juin 1971 : (i) soit d’une entreprise exploitée par elle dans un pays étranger, (ii) soit de toutes les actions d’une société qui exploitait une entreprise dans un pays étranger, et des dettes et autres obligations de cette société qui, immédiatement avant la disposition, étaient dues à la société mère, si les conditions suivantes sont réunies : (iii) l’entreprise était de la nature d’un service public, (iv) il a été disposé de l’entreprise ou des biens visés au sous-alinéa (ii), selon le cas, en faveur d’une personne ou de personnes résidant dans ce pays, Dental benefits
An official receipt referred to in Part XXXV of the Income Tax Regulations issued, by a person whose registration has been annulled under subsection (23), before that annulment is, if the receipt would have been valid were the person a registered charity at the time the receipt was issued, deemed to be a valid receipt under that Part.
and (3) [Repealed, 2017, c. 20, s. 6] (v) le titre reçu par la société mère a été émis ou garanti par le gouvernement de ce pays ou par tout mandataire de ce gouvernement; Gouverneur général n) le revenu tiré de la charge de gouverneur général du Canada, à l’exception du traitement prévu par la *Loi sur le gouverneur général*; o) et p) [Abrogés, 1998, ch. 19, art. 14] Indemnités provinciales q) une somme versée à un particulier à titre d’indemnité en vertu d’une disposition, précise par règlement, de la législation provinciale; Mécanisme de retraite étranger r) une somme ajoutée à celle déposée ou comptée par un mécanisme de retraite étranger, ou portée au crédit d’un dépôt ou compte, à titre d’intérêts ou d’autres revenus dans la mesure où, dans le cas de la somme versée, sans la présente disposition, elle aurait été incluse dans le revenu du contribuable au cours d’une année d’imposition antérieure; Régimes de retraite s) toute somme versée au contribuable au cours de l’année aux termes d’un mécanisme ou régime visé à l’alinéa 6801(a) du *Règlement de l’impôt sur le revenu*, dans la mesure où il est raisonnable de considérer qu’elle est attribuable à des sommes qui, à la fois : (i) ont été incluses dans le revenu du contribuable pour une année d’imposition antérieure et représentaient un revenu, des intérêts ou d’autres montants supplémentaires visés au sous-alinéa 6801(a)(iv) de ce règlement; (ii) ont été versées de nouveau par le contribuable dans le cadre du mécanisme ou régime au cours d’une année d’imposition antérieure; Prestations dentaires t) toute somme reçue au titre de la *Loi sur la prestation dentaire*.
The Minister may refuse to register a charity or Canadian amateur athletic association that has applied for registration as a registered charity or registered Canadian amateur athletic association if (a) the application for registration is made on its behalf by an ineligible individual; (b) an ineligible individual is a director, trustee, officer or like official of the charity or association, or controls or manages the charity or association, directly or indirectly, in any manner whatever; or (c) the charity or association has accepted a gift from a foreign state, as defined in section 2 of the State Immunity Act, that is set out on the list referred to in subsection 6.1(2) of that Act. Foreign charities
et (3) [Abrogés, 2017, ch. 20, art. 6] Frais de déplacement (3.1) N’est pas inclus dans le calcul du revenu d’un particulier pour une année d’imposition un montant, ne dépassant pas le montant raisonnable, qu’il a reçu d’un employeur avec lequel il n’avait aucun lien de dépendance à titre d’allocation de frais de déplacement, ou en remboursement de tels frais, qu’il a engagés au cours de l’année relativement à son emploi à temps partiel auprès de (ii) where subparagraph (a)(ii) applies, the individual’s ordinary place of residence.
For the purposes of subparagraph (a)(v) of the definition qualified donee in subsection (1), the Minister may register, in consultation with the Minister of Finance, a foreign charity for a 24-month period that includes the time at which Her Majesty in right of Canada has made a gift to the foreign charity, if (a) the foreign charity is not resident in Canada; and (b) the Minister is satisfied that the foreign charity is (i) carrying on relief activities in response to a disaster, (iii) carrying on activities in the national interest of Canada. Ownership (2.1) For the purposes of the definition **equity percentage**, and subparagraph (b)(iii) of the definition **exempt shares**, in subsection 149.1(1), a person who, if paragraph 251(5)(b) applied would be deemed by that paragraph to have the same position in relation to the control of a corporation as if the person owned a share, is deemed to own the share. Net increase in excess corporate holdings percentage
Where (i) an ambulance technician, (ii) a firefighter, or l’employeur au cours de l’année (à l’exclusion des frais engagés pour accomplir les fonctions de son emploi à temps partiel) si les conditions suivantes sont réunies : a) tout au long de la période au cours de laquelle les frais ont été engagés, l’un des faits suivants se vérifie : (i) le particulier avait un autre emploi ou exploitait une entreprise, (ii) si l’employeur est un établissement d’enseignement agréé, au sens du paragraphe 118.6(1), l’emploi à temps partiel du particulier consistait à lui fournir au Canada un service en sa qualité de professeur ou d’enseignant; b) les fonctions de l’emploi à temps partiel du particulier ont été exécutées à un endroit situé à au moins 80 kilomètres des lieux suivants : (i) en cas d’application du sous-alinéa a)(i), la fois, la résidence habituelle du particulier et le lieu de l’autre emploi ou de l’entreprise visé à ce sous-alinéa, (ii) en cas d’application du sous-alinéa a)(ii), la résidence habituelle du particulier. Paiements pour services de volontaire
The net increase in the excess corporate holdings percentage of a private foundation for a taxation year, in respect of a class of shares of the capital stock of a corporation, is the number of percentage points, if any, determined by the formula A is the excess corporate holdings percentage of the private foundation at the end of the taxation year, in respect of the class, and (i) at the beginning of the taxation year the private foundation was not both a private foundation and a registered charity, or (ii) the private foundation was both a registered charity and a private foundation on March 18, 2007 and the taxation year is the first taxation year of the private foundation that begins after that date; and (b) in any other case, the excess corporate holdings percentage of the private foundation in respect of the class at the end of its preceding taxation year. Net decrease in excess corporate holdings percentage
La somme de 1 000 $, s’il est moins élevé, le total des montants visés à l’alinéa a) n’est pas inclus dans le calcul du revenu d’un particulier provenant de l’exercice des fonctions visées à cet alinéa si les conditions suivantes sont réunies : a) le particulier est l’employé d’un gouvernement, d’une municipalité ou d’une autre administration (appelé « employeur » au présent paragraphe), ou est autrement engagé par lui, au cours de l’année d’imposition, et reçoit de lui, au cours de l’année, un ou plusieurs montants pour l’exercice de ses fonctions à titre : (i) de technicien ambulancier volontaire, (ii) de pompier volontaire, (iii) de volontaire participant aux activités de recherche ou de sauvetage de personnes ou à d’autres situations d’urgence; b) à la demande du ministre, l’employeur atteste ce qui suit par écrit : (i) le particulier a été, au cours de l’année, une personne visée à l’alinéa a), Election SUBDIVISION H exceeds (ii) le particulier, dans le cadre de son emploi ou autre engagement auprès de l’employeur, n’a, à aucun moment de l’année, exercé les fonctions visées à l’alinéa a) ou des fonctions semblables autrement qu’à titre de volontaire. Le présent paragraphe ne s’applique pas si le particulier demande pour l’année la déduction prévue aux articles 118.06 ou 118.07. Choix
The net decrease in the excess corporate holdings percentage of a private foundation for a taxation year, in respect of a class of shares of the capital stock of a corporation, is the number of percentage points, if any, by which the percentage determined for B in the formula in subsection (3) for the taxation year exceeds the percentage determined for A in that formula for the taxation year. Allocation of net increase in excess corporate holdings percentage
Un contribuable ou une personne visée à l’alinéa (1)g.1) qui a acquis une immobilisation dans les circonstances visées à cet alinéa peut, dans la déclaration de revenu du contribuable pour l’année d’imposition au cours de laquelle celui-ci atteint l’âge de 21 ans, choisir de considérer toute immobilisation qu’il ou elle détenait comme ayant fait l’objet d’une disposition le jour précédant la date à laquelle le contribuable a atteint l’âge de 21 ans, pour un produit de disposition égal à la juste valeur marchande de l’immobilisation ce jour-là et le contribuable ou la personne qui fait ce choix est réputé avoir acquis de nouveau l’immobilisation, immédiatement après, à un coût égal à ce produit. (NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs pertinents.) À jour au 22 janvier 2025 Dernière modification le 1 janvier 2025
For the purpose of the description of B in the definition divestment obligation percent-age in subsection 149.1(1), the net increase in the excess corporate holdings percentage of a private foundation in respect of a class of shares of the capital stock of a corporation, for a taxation year (in this subsection referred to as the “current year”) is to be allocated in the following order: (a) first to the divestment obligation percent-age of the private foundation in respect of that class for the current year, to the extent that the private foundation has in the current year acquired for consideration shares of that class; (b) then to the divestment obligation percent-age of the private foundation in respect of that class for its fifth subsequent taxation year, to the extent of the lesser of (i) that portion of the net increase in the excess corporate holdings percentage of the private foundation in respect of that class for the current year that is not allocated under paragraph (a), and (ii) the percentage of the issued and outstanding shares of that class that were acquired by the private foundation in the current year by way of bequest; (c) then to the divestment obligation percent-age of the private foundation in respect of that class for its second subsequent taxation year, to the extent of the lesser of (i) that portion of the net increase in the excess corporate holdings percentage of the private foundation in respect of that class for the current year that is not allocated under paragraph (a) or (b), and (A) the percentage of the issued and outstanding shares of that class that were acquired by the private foundation in the current year by way of gift, other than from a relevant person or by way of bequest, and (B) the portion of the net increase in the excess corporate holdings percentage of the private foundation that is attributable to the redemption, acquisition or cancellation of any of the issued and outstanding shares of that class in the current year by the corporation; (d) then to the divestment obligation percent-age of the private foundation in respect of that class for its subsequent taxation year, to the extent of that portion of the net increase in the excess corporate holdings percentage of the private foundation in respect of that class for the current year that is not allocated under paragraph (a), (b) or (c).
Les sociétés résidant au Canada et leurs actionnaires Dividendes imposables reçus 82 (1) Le total des sommes ci-après est à inclure dans le calcul du revenu d’un contribuable pour une année d’imposition : a) l’excédent de la somme visée au sous-alinéa (i) sur celle visée au sous-alinéa (ii) : (i) le total des sommes, à l’exception des dividendes déterminés et des sommes visées aux alinéas c), d) ou e), que le contribuable reçoit au cours de l’année de sociétés résidant au Canada à titre de dividendes imposables, (ii) si le contribuable est un particulier, le total des sommes dont chacune représente, ou est réputée par l’alinéa 260(1)b) représenter, une somme qu’il a payée au cours de l’année et est réputée par un autre exceeds personne à titre de dividende imposable (autre qu’un dividende déterminé); a.1) L’excédent de la somme visée au sous-alinéa (i) sur celle visée au sous-alinéa (ii) : (i) le total des sommes, à l’exception des sommes incluses dans le calcul du revenu du contribuable par l’effet des alinéas c), d) ou e), que le contribuable a reçues au cours de l’année de sociétés résidant au Canada au titre de paiement intégral ou partiel de dividendes déterminés, (ii) si le contribuable est un particulier, le total des sommes dont chacune représente, ou est réputée par l’alinéa 260(12)b) représenter, une somme qu’il a payée au cours de l’année et qui est réputée par le paragraphe 260(5.1) avoir été reçue par une autre personne à titre de dividende déterminé; b) si le contribuable est un particulier, autre qu’une fiducie qui est un organisme de bienfaisance enregistré, le total des sommes suivantes : (i) le produit de la somme déterminée selon l’alinéa a) relativement au contribuable pour l’année et de chacun des pourcentages ci-après qui est applicable : (A) 16 % pour l’année d’imposition 2018, (B) 15 % pour les années d’imposition postérieures à 2018, (ii) le produit de l’excédent déterminé selon l’alinéa a.1) relativement au contribuable pour l’année par celui des pourcentages ci-après qui est applicable : (A) 45 % pour les années d’imposition se terminant après 2005 et avant 2010, (B) 44 % pour l’année d’imposition 2010, (C) 41 % pour l’année d’imposition 2011, (D) 38 % pour les années d’imposition se terminant après 2011; c) les dividendes imposables que le contribuable a reçus au cours de l’année de sociétés résidant au Canada, dans le cadre de ses mécanismes de transfert de dividendes; d) les dividendes imposables, à l’exception de ceux visés à l’alinéa c), que le contribuable a reçus au cours de l’année de sociétés résidant au Canada qui ne sont pas des sociétés canadiennes imposables; e) si le contribuable est une fiducie, toutes les sommes dont chacune représente la totalité ou une partie d’un dividende imposable (autre qu’un dividende Income Tax PART I Income Tax DIVISION B Computation of Income
Notwithstanding subsection (5), on application by a private foundation, the Minister may, if the Minister be-lieves it would be just and equitable to do so, reallocate any portion of the net increase in the excess corporate holdings percentage of the private foundation in respect of a class of shares of the capital stock of a corporation for a taxation year, that would otherwise be allocated un-der subsection (5) to the private foundation’s divestment obligation percentage in respect of that class for a particu-lar taxation year, to the private foundation’s divestment obligation percentage in respect of that class for any of the ten taxation years subsequent to the particular taxa-tion year. Allocation of net decrease in excess corporate holdings percentage
[...1985, c. 1 (5th Supp.), s. 82; 1989, c. 34, s. 18; 1996, c. 21, s. 14; 2002, c. 9, s. 12; 2007, c. 2, s. 8; 2012, c. 31, s. 5, c. 34, s. 218; 2015, c. 36, s. 4; 2016, c. 7, s. 9; 2018, c. 12, s. 6.] Impôt sur le revenu
For the purpose of the description of C in the defini-tion divestment obligation percent-age in subsection 149.1(1), the net decrease in the excess corporate holdings percentage of a private foundation in respect of a class of shares of the capital stock of a corporation for a taxation year (in this subsection referred to as the “cur-rent year”) is to be allocated in the following order: (a) first, to the divestment obligation percentage of the private foundation in respect of that class for the current year, to the extent of that divestment obliga-tion percentage; and (b) then to the divestment obligation percent-age of the private foundation in respect of that class for a subsequent taxation year of the private foundation (referred to in this paragraph as the “subject year”), to the extent of the lesser of (i) that portion of the net decrease in the excess corporate holdings percentage of the private foun-dation in respect of that class for the current year that is not allocated under paragraph (a), or under this paragraph, to the divestment obligation per-centage of the private foundation in respect of that class for a taxation year of the private foundation that precedes the subject year, and (ii) the amount of the divestment obligation percentage of the private foundation in respect of that class for the subject year, calculated as at the end of the current year and without reference to this subsection. Transitional rule
If the original corporate holdings percent-age of a private foundation in respect of a class of shares of the capital stock of a corporation exceeds 20%, for the purpose of applying the definition “excess corporate holdings percent-age” in subsection 149.1(1) to (a) the first taxation year of the private foundation that begins after March 18, 2007, the reference to 20% in that definition in respect of that class is to be read as the original corporate holdings percentage of the private foundation in respect of that class; (b) taxation years of the private foundation that begin after the taxation year referred to in paragraph (a) and that begin before March 19, 2012, the reference to 20% in that definition in respect of that class is to be read as the greater of (i) 20%, and (A) the total corporate holdings percent-age of the private foundation in respect of the class at the end of the immediately preceding taxation year, and (B) the original corporate holdings percentage in respect of that class; (c) taxation years of the private foundation that begin after March 18, 2012 and before March 19, 2017, the reference to 20% in that definition in respect of that class is to be read as the greater of (i) 20%, and (A) the total corporate holdings percentage of the private foundation in respect of the class at the end of the preceding taxation year, and (B) the number of percentage points, if any, by which the private foundation’s original corporate holdings percentage in respect of that class exceeds 20%; (d) taxation years of the private foundation that begin after March 18, 2017 and before March 19, 2022, the reference to 20% in that definition in respect of that class is to be read as the greater of (i) 20%, and (A) the total corporate holdings percentage of the private foundation in respect of the class at the end of the preceding taxation year, and (B) the number of percentage points, if any, by which the private foundation’s original corporate holdings percentage in respect of that class exceeds 40%; and (e) taxation years of the private foundation that begin after March 18, 2022 and before March 19, 2027, the reference to 20% in that definition in respect of that class is to be read as the greater of (i) 20%, and (A) the total corporate holdings percentage of the private foundation in respect of the class at the end of the preceding taxation year, and (B) the number of percentage points, if any, by which the private foundation’s original corporate holdings percentage in respect of that class exceeds 60%.
Subsection (10) applies for the purposes of applying section 149.1 and subsections (8) and 188.1(3.1) to a private foundation at a particular time if, both on March 18, 2007 and at the particular time, (a) the private foundation was the sole trustee of a trust, or was a majority interest beneficiary (within the meaning assigned by section 251.1) of a trust more than 50% of the trustees of which were the private foundation and one or more relevant persons in respect of the private foundation; and (b) the trust held one or more shares of a class of the capital stock of a corporation. Shares held through a trust on March 18, 2007
If this subsection applies at a particular time to a private foundation in respect of shares of a class of the capital stock of a corporation held by a trust, the private foundation is deemed to hold at the particular time that number of those shares as is determined by the formula A is the lesser of the number of those shares held by the trust on March 18, 2007 and the number so held at the particular time; B is the total fair market value of all interests held by the private foundation in the trust at the particular time; and C is the total fair market value of all property held by the trust at the particular time.
e) si le contribuable est une fiducie, le total des sommes représentant chacune tout ou partie d’un dividende imposable, à l’exception de celui visé aux alinéas c) ou d), qu’il a reçu au cours de l’année sur une action du capital-actions d’une société canadienne imposable et qu’il est raisonnable de considérer comme ayant été inclus dans le calcul du revenu d’un de ses bénéficiaires qui était un non-résident à la fin de l’année. Restriction relative à l’alinéa (1)c) (1.1) Un montant n’est inclus dans les montants visés à l’alinéa (1)c), au titre d’un dividende imposable reçu à un moment donné dans le cadre d’un mécanisme de transfert de dividendes, que dans le cas où le dividende est reçu sur une action acquise avant ce moment et après avril 1989. Dividendes réputés reçus par le contribuable
For the purpose of subsection (10), if the amount of income or capital of a trust that a person may receive as a beneficiary under the trust depends on the exercise by any person of, or the failure by any person to exercise, a discretionary power, that person is deemed to have fully exercised, or to have failed to exercise, the power, as the case may be. Returns, Assessments, Payment and Appeals
Le dividende reçu par une personne et qui est inclus en application du paragraphe 56(4) ou (4.1) ou des articles 74.1 à 75 de la présente loi ou de l’article 74 de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, dans le calcul du revenu d’un contribuable — autre que la personne — pour une année d’imposition est réputé reçu par le contribuable pour l’application de la présente loi. Dividendes reçus par l’époux ou le conjoint de fait
Corporations (a) in the case of a corporation, by or on behalf of the corporation within six months after the end of the year if (i) at any time in the year the corporation (A) is resident in Canada, (B) carries on business in Canada, unless the corporation’s only revenue from carrying on business in Canada in the year consists of amounts in respect of which tax was payable by the corporation under subsection 212.5(1), (C) has a taxable capital gain (otherwise than from an excluded disposition), or (D) disposes of a taxable Canadian property (otherwise than in an excluded disposition), or (ii) tax under this Part (A) is payable by the corporation for the year, or (B) would be, but for a tax treaty, payable by the corporation for the year (otherwise than in respect of a disposition of taxable Canadian property that is treaty-protected property of the corporation); Deceased individuals (b) in the case of an individual who dies after October of the year and on or before the day that would be the individual’s filing due date for the year if the individual had not died, the individual’s legal representative files on or before the day that is the later of the day on or before which the return would otherwise be required to be filed and the day that is 6 months after the day of death; (c) in the case of an estate or trust, within 90 days from the end of the year; (i) the following April 30 by that person or, if the person is unable for any reason to file the return, by the person’s guardian, committee or other legal representative (in this paragraph referred to as the person’s “guardian”), (ii) the following June 15 by that person or, if the person is unable for any reason to file the return, by the person’s guardian where the person is (A) an individual who carried on a business in the year, unless the expenditures made in the course of carrying on the business were primarily the cost or capital cost of tax shelter investments (as defined in subsection 143.2(1)), or (B) at any time in the year a cohabiting spouse or common-law partner (within the meaning assigned by section 122.6) of an individual to whom clause 150(1)(d)(ii)(A) applies, or DIVISION I Returns, Assessments, Payment and Appeals (iii) where at any time in the year the person is a cohabiting spouse or common-law partner (within the meaning assigned by section 122.6) of an individual to whom paragraph 150(1)(b) applies for the year, on or before the day that is the later of the day on or before which the person’s return would otherwise be required to be filed and the day that is 6 months after the day of the individual’s death; or Designated persons (e) in a case where no person described by paragraph 150(1)(a), 150(1)(b) or 150(1)(d) has filed the return, by such person as is required by notice in writing from the Minister to file the return, within such reasonable time as the notice specifies. (1.1) Subject to subsection (1.2), subsection (1) does not apply to a taxation year of a taxpayer if (a) the taxpayer is a corporation that was a registered charity throughout the year; or (b) the taxpayer is an individual unless (i) tax is payable under this Part by the individual for the year, (ii) where the individual is resident in Canada at any time in the year, the individual has a taxable capital gain or disposes of capital property in the year, (iii) where the individual is non-resident throughout the year, the individual has a taxable capital gain (otherwise than from an excluded disposition) or disposes of a taxable Canadian property (otherwise than in an excluded disposition) in the year, or (iv) at the end of the year the individual’s HBP balance or LLP balance (as defined in subsection 146.01(1) or 146.02(1)) is a positive amount. (1.2) Subsection (1.1) does not apply to a taxation year of a trust if the trust is resident in Canada and is an express trust, or for civil law purposes a trust other than a trust that is established by law or by judgement, unless the trust (a) had been in existence for less than three months at the end of the year; (b) holds assets with a total fair market value that does not exceed $50,000 throughout the year, if the only assets held by the trust throughout the year are one or more of (ii) a debt obligation described in paragraph (a) of the definition fully exempt interest in subsection 212(3), (iii) a share, debt obligation or right listed on a designated stock exchange, (iv) a share of the capital stock of a mutual fund corporation, (vi) an interest in a related segregated fund trust (within the meaning assigned by paragraph 138.1(1)(a)), and (vii) an interest as a beneficiary under a trust, all the units of which are listed on a designated stock exchange; (c) is required under the relevant rules of professional conduct or the laws of Canada or a province to hold funds for the purposes of the activity that is regulated under those rules or laws, provided the trust is not maintained as a separate trust for a particular client or clients; (e) is a club, society or association described in paragraph 149(1)(l); (f) is a mutual fund trust; (g) is, for greater certainty, a related segregated fund trust, within the meaning assigned by paragraph 138.1(1)(a); (h) is a trust, all the units of which are listed on a designated stock exchange; (i) is prescribed to be a master trust; (j) is, for greater certainty, a graduated rate estate; (k) is a qualified disability trust, as defined in subsection 122(3); (l) is an employee life and health trust; (m) is a trust described under paragraph 81(1)(g.3); (n) is a trust under or governed by (o) is a cemetery care trust or a trust governed by an eligible funeral arrangement; or (p) is an eligible trust, as defined in subsection 135.2(1). Bare trusts and arrangements — inclusion (1.3) For the purposes of this section, a trust includes an arrangement under which a trust can reasonably be considered to act as agent for all the beneficiaries under the trust with respect to all dealings with all of the trust’s property. (1.4) For greater certainty, subsections (1.1) to (1.3) do not require the disclosure of information that is subject to solicitor-client privilege.
Lorsqu’un montant qui, sans le présent paragraphe, serait déductible en application du paragraphe 118(1) par l’effet de l’alinéa 118(1)a) dans le calcul de l’impôt payable par un contribuable en vertu de la présente partie pour une année d’imposition est inférieur au montant qui serait ainsi déductible si aucun montant n’était à inclure, en application du paragraphe (1), dans le calcul du revenu de l’époux ou du conjoint de fait du contribuable pour l’année, les montants visés aux alinéas (1)a) ou a.1) qui ont été reçus, au cours de l’année, de sociétés canadiennes imposables, par l’époux ou le conjoint de fait du contribuable en tant que tel sont réputés avoir été reçus par le contribuable et non par son époux ou conjoint de fait si le contribuable fait ce choix dans la déclaration de revenu qu’il produit pour l’année en vertu de la présente partie. (NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois modificatives appropriées.) [...1985, ch. 1 (5e suppl.), art. 82; 1989, ch. 34, art. 18; 1996, ch. 21, art. 14; 2002, ch. 9, art. 12; 2007, ch. 2, art. 8; 2012, ch. 31, art. 5, ch. 34, art. 218; 2015, ch. 36, art. 4; 2016, ch. 7, art. 9; 2018, ch. 12, art. 6.] Capital dividend Idem Dividendes admissibles 83 (1) Lorsqu’un dividende admissible a été versé par une société publique aux actionnaires d’une série d’actions privilégiées à impôt différé d’une catégorie du capital-actions de la société qui étaient en circulation le 31 mars 1977, les règles suivantes s’appliquent : a) aucune partie du dividende admissible n’est incluse dans le calcul du revenu d’un actionnaire de la société en vertu de la présente sous-section; b) dans le calcul du prix de base rajusté, pour tout actionnaire de la société, d’une action privilégiée à impôt différé du capital-actions de cette société dont il est propriétaire, il faut retrancher, au titre du dividende admissible, la somme prévue par le sous-alinéa 53(2)a)(i). Dividende en capital
Every person, whether or not the person is liable to pay tax under this Part for a taxation year and whether or not a return has been filed under subsection (1) or (3), shall, on demand sent by the Minister, file, within such reasonable time stipulated in the demand, with the Minister in prescribed form and containing prescribed information a return of the income for the taxation year designated in the demand.
Lorsqu, à un moment donné après 1971, un dividende devient payable par une société privée aux actionnaires d’une catégorie quelconque d’actions de son capital-actions et que la société fait un choix relativement au montant total du dividende, selon les modalités et le formulaire réglementaires, au plus tard à ce moment donné ou au premier jour où une partie du dividende a été payée, les règles suivantes s’appliquent : a) le dividende est réputé être un dividende en capital jusqu’à concurrence du montant du compte de dividendes en capital de la société immédiatement avant le moment donné; b) aucune partie du dividende n’est incluse dans le calcul du revenu des actionnaires de la société. (2.1) Malgré le paragraphe (2), le dividende versé par une société sur une action de son capital-actions qui serait, sans le présent paragraphe, un dividende en capital est réputé, pour l’application de la présente loi — à l’exception de la partie III et sauf le calcul du compte de dividendes en capital de la société — reçu par l’actionnaire versé par la société comme dividende imposable, et non comme dividende en capital, et l’alinéa (2)b) ne s’applique pas à ce dividende si l’actionnaire a acquis l’action — ou une action qui lui est substituée — par une opération, ou dans le cadre d’une série d’opérations, dont un des principaux objets consistait à recevoir ce dividende. Income Tax PART I Income Tax DIVISION B Computation of Income
Every trustee in bankruptcy, assignee, liquidator, curator, receiver, trustee or committee and every agent or other person administering, managing, winding up, controlling or otherwise dealing with the property, business, estate or income of a person who has not filed a return for a taxation year as required by this section shall file a return in prescribed form of that person’s income for that year. (a) subsection 34.1(9) or 34.2(8) applies in computing an individual’s income for a taxation year from a business, or (b) an individual who carries on a business in a taxation year dies in the year and after the end of a fiscal period of the business that ends in the year, another fiscal period of the business (in this subsection referred to as the “short period”) ends in the year because of the individual’s death, and the individual’s legal representative elects that this subsection apply, the individual’s income from businesses for short periods, if any, shall not be included in computing the individual’s income for the year and the individual’s legal representative shall file an additional return of income for the year in respect of the individual as if the return were filed in respect of another person and shall pay the tax payable under this Part by that other person for the year computed as if (c) the other person’s only income for the year were the amount determined by the formula A is the total of all amounts each of which is the individual’s income from a business for a short fiscal period, is the total of all amounts each of which is an amount deducted under subsection 34.2(8) in computing the individual’s income for the taxation year in which the individual dies, and is the total of all amounts each of which is an amount included under subsection 34.1(9) in computing the individual’s income for the taxation year in which the individual dies, and (d) subject to sections 114.2 and 118.93, that other person were entitled to the deductions to which the individual is entitled under sections 110, 118 to 118.7 and 118.9 for the year in computing the individual’s taxable income or tax payable under this Part, as the case may be, for the year.
For the purposes of this section, a disposition of a property by a taxpayer at any time in a taxation year is an excluded disposition if (a) the taxpayer is non-resident at that time; (b) no tax is payable under this Part by the taxpayer for the taxation year; (c) the taxpayer is, at that time, not liable to pay any amount under this Act in respect of any previous taxation year (other than an amount for which the Minister has accepted, and holds, adequate security under section 116 or 220); and (d) each taxable Canadian property disposed of by the taxpayer in the taxation year is (i) excluded property within the meaning assigned by subsection 116(6), or (ii) a property in respect of the disposition of which the Minister has issued to the taxpayer a certificate under subsection 116(2), (4) or (5.2). Definition of electronic filing
Where s. (2.1) does not apply Idem Impôt sur le revenu
Filing of return by electronic transmission
A person who meets the criteria specified in writing by the Minister may file a return of income for a taxation year by way of electronic filing. Mandatory filing of return by electronic transmission (2.1) If a corporation is, in respect of a taxation year, a prescribed corporation, the corporation shall file its return of income for the taxation year by way of electronic filing. (2.2) In this section and subsection 162(7.3), tax preparer, for a calendar year, means a person or partnership who, in the year, accepts consideration to prepare more than five returns of income of corporations, more than five returns of income of individuals (other than trusts) or more than five returns of income of estates or trusts, but does not include an employee who prepares returns of income in the course of performing their duties of employment. (2.3) A tax preparer shall file any return of income prepared by the tax preparer for consideration by way of electronic filing, except that five of the returns of corporations, five of the returns of individuals (other than trusts) and five of the returns of estates or trusts may be filed other than by way of electronic filing. (2.4) Subsection (2.3) does not apply to a tax preparer for a calendar year in respect of a return of income (a) of a type for which the tax preparer has applied to the Minister for authority to file by way of electronic filing for the year and for which that authority has not been granted because the tax preparer does not meet the criteria referred to in subsection (2); (b) of a corporation described in any of paragraphs 205.1(2)(a) to (c) of the Income Tax Regulations; or (c) of a type that the Minister does not accept by way of electronic filing. Deemed date of filing
For the purposes of section 150, where a return of income of a taxpayer for a taxation year is filed by way of electronic filing, it shall be deemed to be a return of income filed with the Minister in prescribed form on the day the Minister acknowledges acceptance of it.
If a return of income of a taxpayer for a taxation year is filed by way of electronic filing by a particular person (in this subsection referred to as the “filer”) other than the person who is required to file the return, the person who is required to file the return shall make an information return in prescribed form containing prescribed information, retain a copy of it and provide the filer with the information return, and that return and the copy shall be deemed to be a record referred to in section 230 in respect of the filer and the other person. (4.1) Notwithstanding subsection 244(14.1), a notice of assessment in respect of a return of income for a taxation year of an individual is presumed to have been sent to the individual and received by the individual on the day that it is made available, using electronic means, if (a) the return of income is filed by way of electronic filing; and (b) the individual has authorized that notices or other communications may be made available in that manner and has not before that date revoked that authorization in a manner specified by the Minister. Application to other Parts
Non-application du par. (2.1) (dividende versé à un particulier) (2.2) Le paragraphe (2.1) ne s’applique pas au dividende qu’une société verse à un particulier sur une action de son capital-actions et qui fait l’objet d’un choix en vertu du paragraphe (2), s’il est raisonnable de considérer que la totalité, ou presque, du compte de dividendes en capital de la société juste avant que le dividende ne soit devenu payable consistait en montants qui n’étaient : a) ni une somme ajoutée à ce compte en application de l’alinéa b) de la définition de compte de dividendes en capital au paragraphe 89(1) au titre d’un dividende reçu sur une action du capital-actions d’une autre société, et la société a acquis l’action — ou une autre action qui lui est substituée — par une opération, ou dans le cadre d’une série d’opérations, dont un des principaux objets consistait pour la société à recevoir ce dividende, sauf s’il est raisonnable de considérer que l’objet du versement du dividende consistait à distribuer un montant reçu par l’autre société inclus dans le calcul du compte de dividendes en capital de cette autre société en application de l’alinéa d) de cette définition; b) ni des montants ajoutés à ce compte alors qu’une ou plusieurs personnes non-résidentes contrôlaient la société, directement ou indirectement, de quelque manière que ce soit; c) ni un montant au titre d’un gain en capital réalisé à la disposition d’un bien par la société ou par une autre société et qu’il est raisonnable de considérer comme s’étant accumulé alors que le bien — ou un bien qui lui est substitué — appartenait à une société qu’une ou plusieurs personnes non-résidentes contrôlaient, directement ou indirectement, de quelque manière que ce soit. Idem (distribution du produit d’une police d’assurance-vie) (2.3) Le paragraphe (2.1) ne s’applique pas au dividende versé par une société sur une action de son capital-actions qui fait l’objet d’un choix en vertu du paragraphe Income Tax PART I Income Tax DIVISION B Computation of Income
This section also applies to Parts I.2 to XIII, with such modifications as the circumstances require. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.]
Idem Impôt sur le revenu
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] Assessment
(a) the amount of refund, if any, to which the taxpayer may be entitled by virtue of section 129, 131, 132 or 133 for the year; or Determination of disability tax credit eligibility (1.01) The Minister shall, if an individual requests by prescribed form, determine with all due dispatch whether an amount is deductible, or would in the absence of paragraph 118.3(1)(c) be deductible, under section 118.3 in computing the individual’s tax payable under this Part for a taxation year and send a notice of the determination to the individual. (1.1) Where the Minister ascertains the amount of a taxpayer’s non-capital loss, net capital loss, restricted farm loss, farm loss or limited partnership loss for a taxation year and the taxpayer has not reported that amount as such a loss in the taxpayer’s return of income for that year, the Minister shall, at the request of the taxpayer, determine, with all due dispatch, the amount of the loss and shall send a notice of determination to the person by whom the return was filed. (1.11) If at any time the Minister ascertains the tax consequences to a taxpayer because of subsection 245(2) with respect to a transaction, the Minister (a) shall, in the case of a determination under subsection 245(8), determine any amount that is, or could at a subsequent time be, relevant for the purposes of computing the income, taxable income or taxable income earned in Canada of, tax or other amount payable by, or amount refundable to, the taxpayer under this Act; (b) may, in any case not described in paragraph (a), determine any amount referred to in paragraph (a); and (c) shall, if a determination is made under this subsection, send to the taxpayer, with all due dispatch, a notice of determination stating the amount so determined. When determination not to be made (1.12) A determination of an amount shall not be made with respect to a taxpayer under subsection 152(1.11) at a time where that amount is relevant only for the purposes of computing the income, taxable income or taxable income earned in Canada of, tax or other amount payable by, or amount refundable to, the taxpayer under this Act for a taxation year ending before that time. (1.2) Paragraphs 56(1)(l) and 60(o), this Division and Division J, as they relate to an assessment or a reassessment and to assessing or reassessing tax, apply, with any modifications that the circumstances require, to a determination or redetermination under subsection (1.01) and to a determination or redetermination of an amount under this Division or an amount deemed under section 122.61 to be an overpayment on account of a taxpayer’s liability under this Part, except that (b) an original determination of a taxpayer’s non-capital loss, net capital loss, restricted farm loss, farm loss or limited partnership loss for a taxation year may be made by the Minister only at the request of the taxpayer; (c) subsection 164(4.1) does not apply to a determination made under subsection 152(1.4); and (d) the Minister determines the amount deemed by any of subsections 122.53(3) to (3.003), 122.72(1) or 122.8(4) to have been paid by an individual for a taxation year to be nil, subsection (2) does not apply to the determination unless the individual requests a notice of determination from the Minister. (1.3) For greater certainty, where the Minister makes a determination of the amount of a taxpayer’s non-capital loss, net capital loss, restricted farm loss, farm loss or limited partnership loss for a taxation year or makes a determination under subsection 152(1.11) with respect to a taxpayer, the determination is (subject to the taxpayer’s rights of objection and appeal in respect of the determination and to any redetermination by the Minister) binding on both the Minister and the taxpayer for the purpose of calculating the income, taxable income or taxable income earned in Canada of, tax or other amount payable by, or amount refundable to, the taxpayer, as the case may be, for any taxation year. Determination in respect of a partnership (1.4) The Minister may, within 3 years after the day that is the later of (a) the day on or before which a member of a partnership is, or but for subsection 220(2.1) would be, required under section 229 of the Income Tax Regulations to make an information return for a fiscal period of the partnership, and (b) the day the return is filed, determine any income or loss of the partnership for the fiscal period and any deduction or other amount, or any other matter, in respect of the partnership for the fiscal period that is relevant in determining the income, taxable income or taxable income earned in Canada of, tax or other amount payable by, or any amount refundable to or deemed to have been paid or to have been an overpayment by, any member of the partnership for any taxation year under this Part. (1.5) Where a determination is made under subsection 152(1.4) in respect of a partnership for a fiscal period, the Minister shall send a notice of the determination to the partnership and to each person who was a member of the partnership during the fiscal period. Absence of notification (1.6) No determination made under subsection 152(1.4) in respect of a partnership for a fiscal period is invalid solely because a notice of the determination was not sent to the partnership or a member of the partnership. DIVISION I Returns, Assessments, Payment and Appeals Assessment solely because one or more persons who were members of the partnership during the period did not receive a notice of the determination. Binding effect of determination (1.7) Where the Minister makes a determination under subsection 152.1(4) or a redetermination in respect of a partnership, (a) subject to the rights of objection and appeal of the member of the partnership referred to in subsection 165(1.15) in respect of the determination or redetermination, the determination or redetermination is binding on the Minister and each member of the partnership for the purposes of calculating the income, taxable income or taxable income earned in Canada of, tax or other amount payable by, or any amount refundable to or deemed to have been paid or to have been an overpayment by, the members for any taxation year under this Part; and (b) notwithstanding subsections 152(4), 152(4.01), 152(4.1) and 152(5), the Minister may, before the end of the day that is one year after the day on which all rights of objection and appeal expire or are determined, assess the tax, interest, penalties or other amounts payable and determine an amount deemed to have been paid or to have been an overpayment under this Part in respect of any member of the partnership and any other taxpayer for any taxation year as may be necessary to give effect to the determination or redetermination or a decision of the Tax Court of Canada, the Federal Court of Appeal or the Supreme Court of Canada. (1.8) Where, as a result of representations made to the Minister that a person was a member of a partnership in respect of a fiscal period, a determination is made under subsection 152.1(4) for the period and the Minister, the Tax Court of Canada, the Federal Court of Appeal or the Supreme Court of Canada concludes at a subsequent time that the partnership did not exist for the period or that, throughout the period, the person was not a member of the partnership, the Minister may, notwithstanding subsections 152(4), 152(4.1) and 152(5), within one year after that subsequent time, assess the tax, interest, penalties or other amounts payable, or determine an amount deemed to have been paid or to have been an overpayment under this Part, by any taxpayer for any taxation year, but only to the extent that the assessment or determination can reasonably be regarded Restriction (a) as relating to any matter that was relevant in the making of the determination made under subsection 152(1.4); (b) as resulting from the conclusion that the partnership did not exist for the period; or (c) as resulting from the conclusion that the person was, throughout the period, not a member of the partnership. (1.9) A waiver in respect of the period during which the Minister may make a determination under subsection (1.4) in respect of a partnership for a fiscal period may be made by one member of the partnership if that member (a) designated for that purpose in the information return made under section 229 of the Income Tax Regulations for the fiscal period; or (b) otherwise expressly authorized by the partnership to do so act. Notice of assessment
After examination of a return, the Minister shall send a notice of assessment to the person by whom the return was filed. Liability not dependent on assessment
Liability for the tax under this Part is not affected by an incorrect or incomplete assessment or by the fact that no assessment has been made. Definition of normal reassessment period (3.1) For the purposes of subsections (4), (4.01), (4.2), (4.3), (4.31), (5) and (9), the normal reassessment period for a taxpayer in respect of a taxation year is (a) if at the end of the year the taxpayer is a mutual fund trust or a corporation other than a Canadian-controlled private corporation, the period that ends four years after the earlier of the day of sending of a notice of an original assessment under this Part in respect of the taxpayer for the year and the day of sending of an original notification that no tax is payable by the taxpayer for the year; and (b) in any other case, the period that ends three years after the earlier of the day of sending of a notice of an original assessment under this Part in respect of the taxpayer for the year and the day of sending of an original notification that no tax is payable by the taxpayer for the year. Determination of deemed overpayment (3.2) A taxpayer may, during any month, request in writing that the Minister determine the amount deemed by subsection 122.61(1) to be an overpayment on account of the taxpayer’s liability under this Part for a taxation year that arose during the month or any of the 11 preceding months. (3.3) On receipt of the request referred to in subsection 152(3.2), the Minister shall, with all due dispatch, determine the amounts deemed by subsection 122.61(1) to be overpayments on account of the taxpayer’s liability under this Part that arose during the months in respect of which the request was made or determine that there is no such amount, and shall send a notice of the determination to the taxpayer. (3.4) The Minister may at any time determine the amount deemed by any of subsections 125.7(2) to (2.2) to be an overpayment on account of a taxpayer’s liability under this Part that arose during a qualifying period (as defined in subsection 125.7(1)), or determine that there is no such amount, and send a notice of the determination to the taxpayer. Assessment and reassessment
The Minister may at any time make an assessment, reassessment or additional assessment of tax for a taxation year, interest or penalties, if any, payable under this Part by a taxpayer or notify in writing any person by whom a return of income for a taxation year has been filed that no tax is payable for the year, except that an assessment, reassessment or additional assessment may be made after the taxpayer’s normal reassessment period in respect of the year only if (a) the taxpayer or person filing the return (i) has made any misrepresentation that is attributable to neglect, carelessness or wilful default or has committed any fraud in filing the return or in supplying any information under this Act, or (ii) has filed with the Minister a waiver in prescribed form within the normal reassessment period for the taxpayer in respect of the year; (b) the assessment, reassessment or additional assessment is made before the day that is 3 years after the end of the normal reassessment period for the taxpayer in respect of the year and (i) is required under subsection (6) or (6.1), or would be so required if the taxpayer had claimed an amount by filing the prescribed form referred to in the subsection on or before the day referred to in the subsection, (ii) is made as a consequence of the assessment or reassessment pursuant to this paragraph or subsection 152(6) of tax payable by another taxpayer, (iii) is made (A) as a consequence of a transaction (as defined in subsection 247(1)) involving the taxpayer and a non-resident person with whom the taxpayer was not dealing at arm’s length, or (B) in respect of any income, loss or other amount in relation to a foreign affiliate of the taxpayer, (iii.1) is made, if the taxpayer is non-resident and carries on a business in Canada, as a consequence of (A) an allocation by the taxpayer of revenues or expenses as amounts in respect of the Canadian business (other than revenues and expenses that relate solely to the Canadian business, that are recorded in the books of account of the Canadian business, and the documentation in support of which is kept in Canada), or (B) a notional transaction between the taxpayer and its Canadian business, where the transaction is recognized for the purposes of the computation of an amount under this Act or an applicable tax treaty, (iv) is made as a consequence of a payment or reimbursement of any income or profits tax to or by the government of a country other than Canada or a government of a state, province or other political subdivision of any such country, (v) is made as a consequence of a reduction under subsection 66(12.73) of an amount purported to be renounced under section 66, DIVISION I Returns, Assessments, Payment and Appeals (v.1) is made in respect of an amount deducted under subsection 127(5) in respect of a flow-through critical mineral mining expenditures as defined in subsection 127(9), (vi) is made in order to give effect to the application of subsection 118.1(15) or 118.1(16), (vii) is made to give effect to the application of any of sections 94, 94.1 and 94.2, or (viii) is made to give effect to the application of section 245 in respect of a transaction, unless the transaction was disclosed by the taxpayer to the Minister in accordance with section 237.3 or 237.4; (b.1) an information return described in subsection 237.1(7) that is required to be filed in respect of a deduction or claim made by the taxpayer in relation to a tax shelter is not filed as and when required, and the assessment, reassessment or additional assessment is made before the day that is three years after the day on which the information return is filed; (b.2) the assessment, reassessment or additional assessment is made before the day that is three years after the day of the normal reassessment period for the taxpayer in respect of the year and if (i) the taxpayer, or a partnership of which the taxpayer is a member, has failed to file for the year a prescribed form as and when required under subsection 233.3(3) or to report on the prescribed form the information required in respect of a specified foreign property (as defined in subsection 233.3(1)) held by the taxpayer at any time during the year, and (ii) the taxpayer has failed to report, in the return of income for the year, an amount in respect of a specified foreign property that is required to be included in computing the taxpayer’s income for the year; (b.3) the following conditions apply: (i) the taxpayer, or a partnership of which the taxpayer is a member (directly or indirectly through one or more partnerships), disposes in the year of real or immovable property, (ii) the taxpayer is not a real estate investment trust (as defined in subsection 122.1(1)) for the year, (iii) if the disposition is by a corporation or partnership, the property is capital property of the corporation or partnership, as the case may be, (iv) the disposition is not reported in (A) if the disposition is by the taxpayer, the return of income of the taxpayer under this Part for the year, or (B) if the disposition is by a partnership, the partnership’s return required to be filed for the year under section 229 of the Income Tax Regulations, and (v) in the case that the disposition is not reported in the return described in clause (iv)(A) or (B) and the taxpayer subsequently reports the disposition by filing a prescribed form amending the taxpayer’s return of income under this Part for the year, the assessment, reassessment or additional assessment is made before the day that is three years after the day on which the prescribed form amending the return is filed; (b.4) the assessment, reassessment or additional assessment is made before the day that is six years after the end of the normal reassessment period for the taxpayer in respect of the year if (i) a reassessment of tax for the year was required under subsection (6), or would have been so required if the taxpayer had claimed an amount by filing the prescribed form referred to in that subsection on or before the day referred to in that subsection, in order to take into account a deduction claimed under section 111 in respect of a loss for a subsequent taxation year, (ii) an assessment, reassessment, additional assessment of tax or notification that no tax is payable for the subsequent taxation year referred to in subparagraph (i) was made or issued after the normal reassessment period in respect of the subsequent taxation year as a consequence of a transaction involving the taxpayer and a non-resident person with whom the taxpayer was not dealing at arm’s length, and (iii) the assessment, reassessment, additional assessment or notification that no tax is payable referred to in subparagraph (ii) reduced the amount of the loss for the subsequent taxation year; (b.5) an information return that is required to be filed under subsection 237.3(2) in respect of a reportable transaction (as defined in subsection 237.3(1)) entered into by the taxpayer, or by a person for the benefit of the taxpayer, is not filed as and when required, and the assessment, reassessment or additional assessment is made before the day that is (i) in the case of a taxpayer described in paragraph (3.1)(a), four years after the day on which the information return is filed, or (ii) in any other case, three years after the day on which the information return is filed; (b.6) an information return that is required to be filed under subsection 237.4(4) in respect of a notifiable transaction (as defined in subsection 237.4(1)) entered into by the taxpayer, or by a person for the benefit of the taxpayer, is not filed as and when required, and the assessment, reassessment or additional assessment is made before the day that is (i) in the case of a taxpayer described in paragraph (3.1)(a), four years after the day on which the information return is filed, or (ii) in any other case, three years after the day on which the information return is filed; (b.7) an information return that is required to be filed under subsection 237.5(2) in respect of a reportable uncertain tax treatment (as defined in subsection 237.5(1)) of the taxpayer is not filed as and when required, and the assessment, reassessment or additional assessment is made before the day that is (i) in the case of a taxpayer described in paragraph (3.1)(a), four years after the day on which the information return is filed, or (ii) in any other case, three years after the day on which the information return is filed; (b.8) a prescribed form that is required to be filed under subsection 18.2(18) is not filed as and when required, and the assessment, reassessment or additional assessment is (i) made before the day that is (A) in the case of a taxpayer described in paragraph (3.1)(a), four years after the day on which the prescribed form containing the prescribed information is filed, and (B) in any other case, three years after the day on which the prescribed form containing the prescribed information is filed, and (ii) not made after that day. (b.9) the assessment, reassessment or additional assessment (i) is made before the day that is three years after the end of the normal reassessment period for the taxpayer in respect of the year and made in respect of a disposition, in the year, of shares of the capital stock of a corporation resident in Canada in respect of which the taxpayer filed an election under paragraph 84.1(2.31)(h), or (ii) is made before the day that is 10 years after the end of the normal reassessment period for the taxpayer in respect of the year and made in respect of a disposition, in the year, of shares of the capital stock of a corporation resident in Canada in respect of which the taxpayer filed an election under paragraph 84.1(2.32)(i); (b.91) a prescribed form that is required to be filed by the taxpayer, or a partnership of which the taxpayer is a member, under subsection 127.45(15) or (18) is not filed as and when required, and the assessment, reassessment or additional assessment is made in relation to transactions or events described in subsections 127.45(11) to (14) or (16) and (17) before the day that is (i) in the case of a taxpayer described in paragraph (3.1)(a), four years after the day on which the form is filed, and (ii) in any other case, three years after the day on which the form is filed; (b.92) a prescribed form that is required to be filed by the taxpayer, or a partnership of which the taxpayer is a member, under subsection 127.48(24) is not filed as and when required, and the assessment, reassessment or additional assessment is made in relation to amounts, transactions or events described in any of subsections 127.48(21), (22) or (25) to (28) before the day that is (i) in the case of a taxpayer described in paragraph (3.1)(a), four years after the day on which the form is filed, or (ii) in any other case, three years after the day on which the form is filed; (b.93) a prescribed form that is required to be filed by the taxpayer, or a partnership of which the taxpayer is DIVISION I Returns, Assessments, Payment and Appeals Assessments a member, under subsection 127.49(15) or (18) is not filed as and when required, and the assessment, reassessment or additional assessment is made in relation to transactions or events described in any of subsections 127.49(11) to (14) or (16) and (17) before the day that is (i) in the case of a taxpayer described in paragraph (3.1)(a), four years after the day on which the form is filed, or (ii) in any other case, three years after the day on which the form is filed; (b.94) the assessment, reassessment or additional assessment is made before the day that is 36 months after the end of the normal reassessment period for the taxpayer in respect of the year and is made in respect of a disposition, in the year, of shares of the capital stock of a corporation in respect of which the taxpayer claimed a deduction under subsection 110.6(2); (c) the taxpayer or person filing the return of income has filed with the Minister a waiver in prescribed form within the additional three-year period referred to in paragraph (b.2); or (c.1) the taxpayer or person filing the return of income has filed with the Minister a waiver in prescribed form within the additional three-year period referred to in paragraph (b.2); or (d) as a consequence of a change in the allocation of the taxpayer’s taxable income earned in a province as determined under the law of a province that provides rules similar to those prescribed for the purposes of section 124, an assessment, reassessment or additional assessment of tax for a taxation year payable by a corporation under a law of a province that imposes on the corporation a tax similar to the tax imposed under this Part (in this paragraph referred to as a “provincial reassessment”) is made, and as a consequence of the provincial reassessment, an assessment, reassessment or additional assessment is made on or before the day that is one year after the later of (i) the day on which the Minister is advised of the provincial reassessment, and (ii) the day that is 90 days after the day of sending of a notice of the provincial reassessment. Extended period of assessment (4.01) Notwithstanding subsections (4) and (5), an assessment, reassessment or additional assessment to which any of paragraphs (4)(a) to (b.1) or (b.3) to (c) applies in respect of a taxpayer for a taxation year may be made after the taxpayer’s normal reassessment period in respect of the year to the extent that, but only to the extent that, it can reasonably be regarded as relating to, (a) where paragraph 152(4)(a) applies to the assessment, reassessment or additional assessment, (i) any misrepresentation made by the taxpayer or a person who filed the taxpayer’s return of income for the year that is attributable to neglect, carelessness or wilful default or any fraud committed by the taxpayer or that person in filing the return or supplying any information under this Act, or (ii) a matter specified in a waiver filed with the Minister in respect of the year; (b) if any of paragraphs (4)(b), (b.1) or (b.5) to (c) applies to the assessment, reassessment or additional assessment, (i) the assessment, reassessment or additional assessment to which subparagraph 152(4)(b)(i) applies, (ii) the assessment or reassessment referred to in subparagraph 152(4)(b)(ii), (iii) the transaction, income, loss or other amount referred to in subparagraph (4)(b)(iii), (vii) the deduction or claim referred to in paragraph (4)(b.1), (viii) the reportable transaction referred to in paragraph (4)(b.5), (ix) the notifiable transaction referred to in paragraph (4)(b.6), (x) any transaction, or series of transactions, to which the reportable uncertain tax treatment referred to in paragraph (4)(b.7) relates, (xii) the transactions or events referred to in paragraph (4)(b.91), (xiii) the amounts, transactions or events referred to in paragraph (4)(b.92), or (xiv) the transactions or events referred to in paragraph (4)(b.93); (c) if paragraph (4)(b.3) applies to the assessment, reassessment or additional assessment, the disposition referred to in that paragraph; and (4.1) If the Minister would, but for this subsection, be entitled to reassess, make an additional assessment or assess tax, interest or penalties by virtue only of the filing of a waiver under subparagraph (4)(a)(ii) or paragraph (4)(c) or (c.1), the Minister may not make such a reassessment, additional assessment or assessment after the day that is six months after the date on which a notice of revocation of the waiver in prescribed form is filed. Reassessment with taxpayer’s consent (4.2) Notwithstanding subsections (4), (4.1) and (5), for the purpose of determining — at any time after the end of the normal reassessment period, of a taxpayer who is an individual (other than a trust) or a graduated rate estate, in respect of a taxation year — the amount of any refund to which the taxpayer is entitled at that time for the year, or a reduction of an amount payable under this Part by the taxpayer for the year, the Minister may, if the taxpayer makes an application for that determination on or before the day that is 10 calendar years after the end of that year, (a) reassess tax, interest or penalties payable under this Part by the taxpayer in respect of that year; and (b) redetermine the amount, if any, deemed by any of subsections 120(2) or (2.2), 122.5(3) to (3.003), 122.51(2), 122.7(3) or (3), 122.8(4), 122.9(2), 122.91(1), 127.1(1), 127.41(3) or 210.2(3) or (4) to be paid on account of the taxpayer’s tax payable under this Part for the year or deemed by subsection 122.61(1) to be an overpayment on account of the taxpayer’s liability under this Part for the year. Consequential assessment (4.3) Notwithstanding subsections (4), (4.1) and (5), if the result of an assessment or a decision on an appeal is to change a particular balance of a taxpayer for a particular taxation year, the Minister may, if the taxpayer so requests in writing, shall, before the later of the expiration of the normal reassessment period in respect of a subsequent taxation year and the end of the day that is one year after the day on which all rights of objection and appeal expire or are determined in respect of the particular year, reassess the tax, interest or penalties payable by the taxpayer, redetermine an amount deemed to have been paid or to have been an overpayment by the taxpayer or modify the amount of a refund or other amount. payable to the taxpayer, under this Part in respect of the subsequent taxation year, but only to the extent that the reassessment, redetermination or modification can reasonably be considered to relate to the change in the particular balance of the taxpayer for the particular year. Consequential assessment of Part IV tax (4.31) Notwithstanding subsections (4), (4.1) and (5), if a taxpayer in a taxation year receives a taxable dividend from a corporation that, as a result of having paid the dividend, is entitled to a dividend refund, the Minister may, within one year after the expiration of the normal reassessment period for the taxpayer in respect of the year, assess or reassess the tax, interest or penalties payable under Part IV by the taxpayer in respect of the taxable dividend. (4.4) For the purpose of subsection 152(4.3), a balance of a taxpayer for a taxation year is the income, taxable income, taxable income earned in Canada or any loss of the taxpayer for the year, or the tax or other amount payable by, any amount refundable to, or any amount deemed to have been paid or to have been an overpayment by, the taxpayer for the year. Limitation on assessments
, s’il est raisonnable de considérer que l’objet du versement du dividende consistait à distribuer un montant reçu par la société et inclus dans le calcul de son compte de dividendes en capital en application de l’alinéa d) de la définition de ce terme au paragraphe 89(1). Idem (dividende versé à une société liée) (2.4) Le paragraphe (2.1) ne s’applique pas au dividende qu’une société donnée verse sur une action de son capital-actions à une société qui lui est liée autrement qu’à cause d’un droit visé à l’alinéa 251(5)b), s’il est raisonnable de considérer que la totalité, ou presque, du compte de dividendes en capital de la société donnée avant que le dividende en question ne devienne payable consistait en montants qui n’étaient : a) ni une somme ajoutée à ce compte en application de l’alinéa b) de la définition de compte de dividendes en capital au paragraphe 89(1) à l’égard d’un dividende reçu sur une action du capital-actions d’une autre société, s’il est raisonnable de considérer que toute partie du compte de dividendes en capital de cette autre société, immédiatement avant que ce dividende ne devienne payable, consistait en montants ajoutés à ce compte en application de l’alinéa 87(2)z.1) ou de l’alinéa b) de cette définition par suite d’une opération ou d’une série d’opérations et qui n’auraient pas été ainsi ajoutés si l’opération avait eu lieu, ou la série avait commencé, après 16 heures, heure avancée de l’Est, le 25 septembre 1987; b) ni le montant du compte de dividendes en capital d’une société avant qu’elle ne devienne liée à la société liée; c) ni des montants ajoutés à ce compte alors qu’une ou plusieurs personnes non-résidentes contrôlaient la société donnée, directement ou indirectement, de quelque manière que ce soit; d) ni un montant au titre d’un gain en capital réalisé à la disposition d’un bien par la société donnée ou par une autre société et qu’il est raisonnable de considérer comme s’étant accumulé alors que le bien — ou un bien qui lui est substitué — appartenait à une société contrôlée, directement ou indirectement, de quelque manière que ce soit, par une ou plusieurs personnes non-résidentes; e) ni un montant au titre d’un gain en capital réalisé à la disposition d’un bien — ou d’un bien qui lui est substitué — qu’il est raisonnable de considérer comme s’étant accumulé alors que le bien ou le bien qui lui est Income Tax PART I Income Tax DIVISION B Computation of Income
There shall not be included in computing the income of a taxpayer for a taxation year, for the purpose of an assessment, reassessment or additional assessment made under this Part after the taxpayer’s normal reassessment period in respect of the year, any amount that was not included in computing the taxpayer’s income for the purpose of an assessment, reassessment or additional assessment made under this Part before the end of the period. Reassessment where certain deductions claimed
Impôt sur le revenu
Where a taxpayer has filed for a particular taxation year the return of income required by section 150 and an amount is subsequently claimed by the taxpayer or on the taxpayer’s behalf for the year as (a) a deduction under paragraph 3(e) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, by virtue of the taxpayer’s death in a subsequent taxation year and the consequent application of section 71 of that Act in respect of an allowable capital loss for the year, (b) a deduction under section 41 in respect of the taxpayer’s listed-personal-property loss for a subsequent taxation year, (b.1) a deduction under paragraph 60(i) in respect of a premium (within the meaning assigned by subsection 146(1)) paid in a subsequent taxation year under a registered retirement savings plan where the premium is deductible by reason of subsection 146(6.1), (c) a deduction under section 118.1 in respect of a gift made in a subsequent taxation year or under section 111 in respect of a loss for a subsequent taxation year, (f) a deduction under section 125.3 in respect of an unused Part I.3 tax credit (within the meaning assigned by subsection 125.3(3)) for a subsequent taxation year, (f.1) a deduction under subsection 126(2) in respect of an unused foreign tax credit (within the meaning assigned by subsection 126(7)), or under subsection 126(2.21) or (2.22) in respect of foreign taxes paid, for a subsequent taxation year, (f.2) a deduction under subsection 128.1(8) as a result of a disposition in a subsequent taxation year, (f.3) a deduction (including for the purposes of this subsection a reduction of an amount otherwise required to be included in computing a taxpayer’s income) under subsection 146.8(9), or (8.92), 146.6(3.2) or (6.3) or 147.5(14) or (19), (g) a deduction under subsection 147.2(4) because of the application of subsection 147.2(6) as a result of the taxpayer’s death in the subsequent taxation year, or (h) a deduction by virtue of an election for a subsequent taxation year under paragraph 164(6)(c) or 164(6)(d) by the taxpayer’s legal representative, by filing with the Minister, on or before the day on or before which the taxpayer is, or would be if a tax under this Part were payable by the taxpayer for that subsequent taxation year, required by section 150 to file a return of income for that subsequent taxation year, a prescribed form amending the return, the Minister shall reassess the taxpayer’s tax for any relevant taxation year (other than a taxation year preceding the particular taxation year) in order to take into account the deduction claimed. Reassessment if amount under subsection 91(1) is reduced (a) a taxpayer has filed for a particular taxation year the return of income required by section 150, (b) the amount included in computing the taxpayer’s income for the particular year under subsection 91(1) is subsequently reduced because of a reduction in the foreign accrual property income of a foreign affiliate of the taxpayer for a taxation year (referred to in this paragraph as the “claim year”) of the affiliate that ends in the particular year, if (i) the reduction is (A) attributable to a foreign accrual property loss (within the meaning assigned by subsection 5903(3) of the Income Tax Regulations) of the affiliate for a taxation year of the affiliate that ends in a subsequent taxation year of the taxpayer, and (B) included in the description of F in the definition foreign accrual property income in subsection 95(1) in respect of the affiliate for the claim year, or (ii) the reduction is (A) attributable to a foreign accrual capital loss (within the meaning assigned by subsection 5903.1(3) of the Income Tax Regulations) of the affiliate for a taxation year of the affiliate that ends in a subsequent taxation year of the taxpayer, and (B) included in the description of F.I in the definition foreign accrual property income in subsection 95(1) in respect of the affiliate for the claim year, and DIVISION I Returns, Assessments, Payment and Appeals Assessment (c) the taxpayer has filed with the Minister, on or before the filing-due date for that subsequent taxation year, a prescribed form amending the return, the Minister shall reassess the taxpayer’s tax for any relevant taxation year (other than a taxation year preceding the particular year) in order to take into account the reduction in the amount included under subsection 91(1) in computing the income of the taxpayer for the particular year. Extended reassessment period (6.2) The Minister shall reassess a taxpayer’s tax for a particular taxation year, in order to take into account the application of paragraph (d) of the definition excluded property in subsection 142.2(1), or the application of subsection 142.6(1.6), in respect of property held by the taxpayer, if (a) the taxpayer has filed for the particular taxation year the return of income required by section 150; and (b) the taxpayer files with the Minister a prescribed form amending the return, on or before the filing-due date for the taxpayer’s taxation year that (i) if the filing is in respect of paragraph (d) of that definition excluded property, includes the acquisition of control time referred to in that paragraph, and (ii) if the filing is in respect of subsection 142.6(1.6), immediately follows the particular taxation year. Reassessment for section 119 credit (6.3) If a taxpayer has filed for a particular taxation year the return of income required by section 150 and an amount is subsequently claimed by the taxpayer, or on the taxpayer’s behalf, for the particular year as a deduction under section 119 in respect of a disposition in a subsequent taxation year, and the taxpayer files with the Minister a prescribed form amending the return on or before the filing-due date of the taxpayer for the subsequent taxation year, the Minister shall reassess the taxpayer’s tax for any relevant taxation year (other than a taxation year preceding the particular taxation year) in order to take into account the deduction claimed.
The Minister is not bound by a return or information supplied by or on behalf of a taxpayer and, in making an assessment, may, notwithstanding a return or information so supplied or if no return has been filed, assess the tax payable under this Part. Assessment deemed valid and binding
An assessment shall, subject to being varied or vacated on an objection or appeal under this Part and subject to a reassessment, be deemed to be valid and binding notwithstanding any error, defect or omission in the assessment or in any proceeding under this Act relating thereto. Alternative basis for assessment
At any time after the normal reassessment period, the Minister may advance an alternative basis or argument — including that all or any portion of the income to which an amount relates was from a different source — in support of all or any portion of the total amount determined on assessment to be payable or remittable by a taxpayer under this Act, on an appeal under this Act (a) there is relevant evidence that the taxpayer is no longer able to adduce without the leave of the court; and (b) it is not appropriate in the circumstances for the court to order that the evidence be adduced. Tax deemed not assessed
Production en retard d’un choix
Notwithstanding any other provision of this section, an amount of tax is deemed, for the purpose of any agreement entered into by or on behalf of the Government of Canada under section 7 of the Federal-Provincial Fiscal Arrangements Act, not to have been assessed under this Act until (a) the end of the period during which the security is accepted by the Minister, if adequate security for the tax is accepted by the Minister under subsection 220(4.5) or (4.6); or (b) the amount is collected by the Minister, if information relevant to the assessment of the amount was provided to the Canada Revenue Agency under a contract entered into by a person under a program administered by the Canada Revenue Agency to obtain information relating to tax non-compliance.
Lorsque, à un moment donné après 1974, un dividende est devenu payable par une société aux actionnaires d’une catégorie d’actions de son capital-actions et que le paragraphe (1) ou (2) serait applicable au dividende si le choix y mentionné avait été fait au plus tard à la date où le choix devait être fait en vertu de ce paragraphe, le choix est réputé avoir été fait au premier de ces moments : le moment donné et le premier jour du versement d’une partie du dividende dans les cas où : a) le choix est fait selon les modalités et le formulaire réglementaires; b) la société paye le montant estimé de la pénalité relative au choix au moment où celui-ci est fait; et c) les administrateurs ou toute autre personne ayant le droit de gérer la société ont autorisé au préalable l’exercice d’un choix. Demande d’exercice d’un choix (3.1) Le ministre peut, à tout moment, par demande écrite signifiée à personne ou par courrier recommandé, demander qu’un choix visé au paragraphe (3) soit fait par le contribuable et lorsque le contribuable à qui une demande est signifiée n’y donne pas suite dans les 90 jours suivant sa signification, le paragraphe (3) ne s’applique pas à son choix. Pénalités pour choix tardifs
(a) salary, wages or other remuneration, other than amounts described in subsection 212(5.1), (ii) amounts paid at any time by an employer to an employee if, at that time, the employer is a qualifying non-resident employer and the employee is a qualifying non-resident employee, (b) a superannuation or pension benefit, (d.1) an amount described in subparagraph 56(1)(a)(iv), (vii) or (viii), (d.2) an amount described in paragraph 56(1)(a.3), (e) an amount as a benefit under a supplementary unemployment benefit plan, (f) an annuity payment or a payment in full or partial commutation of an annuity, (g) fees, commissions or other amounts for services, other than amounts described in subsection 115(2.3) or 212(5.1), (h) a payment under a deferred profit sharing plan or a plan referred to in section 147 as a revoked plan, (i) a payment from a registered disability savings plan, (j) a payment out of or under a registered retirement savings plan or a plan referred to in subsection 146(12) as an “amended plan”, (l) a payment out of or under a registered retirement income fund or a fund referred to in subsection 146.3(11) as an “amended fund”, (m) a prescribed benefit under a government assistance program, (n) one or more amounts to an individual who has elected for the year in prescribed form in respect of all such amounts, (o) an amount described in paragraph 115(2)(c.1), (q) an amount as a distribution to one or more persons out of or under a retirement compensation arrangement, (r) an amount on account of the purchase price of an interest in a retirement compensation arrangement, (t) a payment made under a plan that was a registered education savings plan, (u) a payment out of or under an advanced life deferred annuity, or (v) a payment out of or under a FHSA, if the amount is required by section 146.6 to be included in computing a taxpayer’s income must deduct or withhold from the payment the amount determined in accordance with prescribed rules and must, at the prescribed time, remit that amount to the Receiver General on account of the payee’s tax for the year under this Part or Part XI.3, as the case may be, and, where at that prescribed time the person is a prescribed person, the remittance must be made to the account of the Receiver General at or through a designated financial institution. (1.01) An amount that is deemed to have been received by a taxpayer as a benefit under or because of any of paragraphs 7(1)(a) to (d.1) is remuneration paid as a bonus for the purposes of paragraph (1)(a), except the portion, if any, of the amount that is (a) deductible by the taxpayer under paragraph 110(1)(d) in computing the taxpayer’s taxable income for a taxation year; (b) deemed to have been received in a taxation year as a benefit because of a disposition of securities to which subsection 7(1.1) applies; or (c) determined under paragraph 110(2.1)(b) to be deductible by the taxpayer under paragraph 110(1)(d.01) in computing the taxpayer’s taxable income for a taxation year. (1.02) For the purposes of this Act, if an eligible employer pays, at a particular time that is within the eligible period, eligible remuneration in respect of which a particular amount is required to be deducted or withheld under subsection (1), then the eligible employer is deemed to have remitted to the Receiver General at the particular time in respect of the particular amount, an amount equal to the least of (a) the amount determined by the formula A is the prescribed amount, and B is the total of all amounts, each of which is an amount deemed to have been remitted by the eligible employer under this subsection prior to the particular time (and, if more than one such payment is made at the particular time, the eligible employer may designate the order in which the amounts are considered to have been paid), (b) the amount determined by the formula C is the prescribed percentage, and D is the amount of the eligible remuneration, and (c) the amount determined by the formula E is the prescribed amount, and F is the total number of eligible employees employed by the eligible employer during the eligible period. (1.03) The following definitions apply for the purposes of this subsection and subsection (1.02). eligible employee means an individual who is employed in Canada. (employé admissible) eligible employer means a person or partnership that (b) has, on March 18, 2020, a business number in respect of which the person or partnership is registered with the Minister to make remittances required under this section; and (c) is any of (i) a Canadian-controlled private corporation for the purposes of section 125 that (A) would have a business limit for its last taxation year that ended before the start of the eligible period greater than nil, if the amount determined for paragraph 125(5.1)(b) were deemed to be nil, or (B) if the corporation does not have a taxation year that ended before the start of the eligible period, would meet the condition in clause (A) if its taxation year ended immediately before the start of the eligible period, (ii) an individual (other than a trust), (iii) a partnership, all of the members of which are described in subparagraphs (i) to (iii) or (v), (iv) a person exempt from tax under Part I because of paragraph 149(1)(l), and eligible remuneration means salary, wages or other remuneration paid to an eligible employee during the eligible period. (rémunération admissible) (1.04) For greater certainty, amounts deemed under subsection (1.02) to have been remitted to the Receiver General are deemed to not be held in trust under subsections 227(4) and (4.1). Canada Emergency Wage Subsidy claimed (1.05) Despite subsection (1.02), an amount is not deemed to have been remitted to the Receiver General if (a) the eligible employer made an application in respect of section 125.7 for a qualifying period in respect of which the eligible employer was, without reference to this subsection, deemed under subsection (1.02) to have remitted the amount to the Receiver General; and (b) the amount was not included under the description of B in subsection 125.7(2) for the eligible employer. Undue hardship (1.1) Where the Minister is satisfied that the deducting or withholding of the amount otherwise required to be deducted or withheld under subsection 153(1) from a payment would cause undue hardship, the Minister may determine a lesser amount and that amount shall be deemed to be the amount determined under that subsection as the amount to be deducted or withheld from that payment. Election to increase withholding (1.2) Where a taxpayer so elects in prescribed manner and prescribed form, the amount required to be deducted or withheld under subsection 153(1) from any payment to the taxpayer shall be deemed to be the total of (a) the amount, if any, otherwise required to be deducted or withheld under that subsection from that payment, and (b) the amount specified by the taxpayer in that election with respect to that payment or with respect to a class of payments that includes that payment. DIVISION I Returns, Assessments, Payment and Appeals Reduction not permitted (1.3) A joint election made or expected to be made under section 60.03 is not to be considered a basis on which the Minister may determine a lesser amount under subsection (1.1). (1.31) An amount deemed to have been received as a benefit under or because of any of paragraphs 7(1)(a) to (d.1) shall not be considered a basis on which the Minister may determine a lesser amount under subsection (1.1) solely because it is received as a non-cash benefit. Exception — remittance to designated financial institution (1.4) For the purpose of subsection (1), a prescribed person referred to in that subsection is deemed to have remitted an amount to the account of the Receiver General at or through a designated financial institution if the prescribed person has remitted the amount to the Receiver General at least one day before the day upon which the amount is due. Deemed withholding
Pour l’application du présent article, la pénalité relative au choix visé à l’alinéa (3)(a) est égale au moins élevé des montants suivants : a) 1 % par année du montant du dividende qui y est visé pour chaque mois ou partie de mois de la période commençant au premier en date du moment où le dividende est devenu payable et du premier jour où une partie du dividende a été payée et se terminant le jour où le choix tardif a été fait; b) le produit de 500 $ et du rapport entre le nombre de mois ou de parties de mois dans la période visée à l’alinéa a) et 12. Income Tax PART I Income Tax DIVISION B Computation of Income
If a pensioner and a pension transferee (as those terms are defined in section 60.03) make a joint election under section 60.03 in respect of a split-pension amount (as defined in that section) for a taxation year, the portion of the amount deducted or withheld under subsection (1) that may be reasonably considered to be in respect of the split-pension amount is deemed to have been deducted or withheld on account of the pension transferee’s tax for the taxation year under this Part and not on account of the pensioner’s tax for the taxation year under this Part. Deemed effect of deduction
Unpaid balance of penalty Impôt sur le revenu
If an amount has been deducted or withheld under subsection 153(1), it shall, for all the purposes of this Act, be deemed to have been received at that time by the person to whom the remuneration, benefit, payment, fees, commissions or other amounts were paid. Amounts paid in error (3.1) For the purposes of this Act, an amount (referred to in this subsection as the “excess amount”) is deemed to not have been deducted or withheld under subsection (1) by a person if DIVISION I Returns, Assessments, Payment and Appeals (a) the excess amount was, absent the application of this subsection, deducted or withheld by the person under subsection (1); (b) the excess amount is in respect of an excess payment (referred to in this subsection as the "total excess payment") of an individual's salary, wages or other remuneration by the person to the individual in a particular year, that was paid as a result of a clerical, administrative or system error; (c) before the end of the third year after the calendar year in which the excess amount is deducted or withheld, (i) the person elects in prescribed manner to have this subsection apply in respect of the excess amount, and (ii) the individual has repaid, or made an arrangement to repay, the total excess payment less the excess amount; (d) an information return correcting for the total excess payment has not been issued by the person to the individual prior to the making of the election in subparagraph (c)(i); and (e) any additional criteria specified by the Minister have been met. Unclaimed dividends, interest and proceeds
Where at the end of a taxpayer's taxation year the person beneficially entitled to an amount received by the taxpayer after 1984 and before the year as or in respect of dividends, interest or proceeds of disposition of property is unknown to the taxpayer, the taxpayer shall remit to the Receiver General on or before the day that is 60 days after the end of the year on account of the tax payable under this Act by that person an amount equal to (b) in the case of interest, 50% of the total amount of the interest, and (c) in the case of proceeds of disposition of property, 50% of the total of all amounts each of which is the amount, if any, by which the proceeds of disposition of a property exceed the total of any outlays and expenses made or incurred by the taxpayer for the purpose of disposing of the property (to the extent that those outlays and expenses were not deducted in computing the taxpayer’s income for any taxation year or attributable to any other property), except that no remittance under this subsection shall be required in respect of an amount that was included in computing the taxpayer’s income for the year or a preceding taxation year or in respect of an amount on which the tax under this subsection was previously remitted. Deemed effect of remittance
An amount remitted by a taxpayer under subsection 153(4) in respect of dividends, interest or proceeds of disposition of property shall be deemed (a) to have been received by the person beneficially entitled thereto; and (b) to have been deducted or withheld from the amount otherwise payable by the taxpayer to the person beneficially entitled thereto.
The following definitions apply in this section. designated financial institution means a corporation that (a) is a bank, other than an authorized foreign bank that is subject to the restrictions and requirements referred to in subsection 524(2) of the Bank Act; (b) is authorized under the laws of Canada or a province to carry on the business of offering its services as a trustee to the public; or (c) is authorized under the laws of Canada or a province to accept deposits from the public and carries on the business of lending money on the security of real property or immovables or investing in indebtedness on the security of mortgages on real property or hypothecs on immovables. (institution financière désignée) qualifying non-resident employee, at any time in respect of a payment referred to in paragraph (1)(a), means an employee who (a) is, at that time, resident in a country with which Canada has a tax treaty; (b) is not liable to tax under this Part in respect of the payment because of that treaty; and (c) works in Canada for less than 45 days in the calendar year that includes that time or is present in Canada for less than 90 days in any 12-month period that includes that time. (employé non-résident admissible) qualifying non-resident employer, at any time, means an employer (a) that at that time (i) in the case of an employer that is not a partnership, (A) is a resident of a country with which Canada has a tax treaty, or (B) is a corporation that does not satisfy the condition in clause (A), but would be a resident of a country with which Canada has a tax treaty if the corporation were treated, for the purpose of income taxation in that country, as a body corporate, and (ii) in the case of an employer that is a partnership, is a partnership in respect of which the total of all amounts, each of which is a share of the partnership’s income or loss for the fiscal period that includes that time of a member that, at that time, is a resident of a country with which Canada has a tax treaty (or is a corporation that satisfies the condition in clause (i)(B)), is not less than 90% of the income or loss of the partnership for the period (for the purposes of this subparagraph, where the income and loss of the partnership are nil for the period, the income of the partnership for the period is deemed to be $1,000,000); and (b) that is at that time certified by the Minister under subsection (7). (employeur non-résident admissible) Certification by Minister
Solde impayé de la pénalité
The Minister may (a) certify an employer for a specified period of time if the employer has applied in prescribed form containing prescribed information and the Minister is satisfied that the employer (i) meets the conditions in paragraph (a) of the definition qualifying non-resident employer in subsection (6), and (ii) meets the conditions established by the Minister; (ii) meets the conditions established by the Minister; and (b) revoke an employer's certification if the Minister is no longer satisfied that the employer meets the conditions referred to in subparagraph (a)(i) or (ii). Agreements providing for tax transfer payments
Le ministre, avec diligence, examine chaque choix visé à l’alinéa (3)a), calcule le montant de la pénalité payable et envoie un avis de cotisation à la société; celle-ci doit, sans délai, payer au receveur général l’excédent éventuel du montant estimatif de la pénalité sur l’ensemble des montants antérieurement payés au titre de cette pénalité. Définition de dividende admissible
Tax transfer payment
Pour l’application du paragraphe (1), dividende admissible s’entend d’un dividende sur des actions d’une série d’une catégorie du capital-actions d’une société publique qui est considérée, aux termes du règlement, comme une série privilégiée à impôt différé, lequel dividende devient payable par la société après 1978 et au plus tard : a) lorsque les modalités, au 31 mars 1977, relatives aux actions de cette série donnaient le droit au détenteur de cette action de genre de l’échanger, après une date donnée, contre une ou plusieurs actions d’une autre série ou catégorie d’actions privilégiées de cette société, cette date donnée; b) lorsque, au 31 mars 1977, les modalités relatives aux actions de cette série obligeaient la société à offrir d’acheter, au plus tard à une date donnée, toutes les actions de cette série à chacun des détenteurs, à cette date donnée; c) dans tous les autres cas, le 1er octobre 1991, selon le cas qui s’applique à cette série d’actions, sauf qu’un dividende sur des actions d’une telle série qui serait par ailleurs un dividende admissible, est réputé ne pas l’être si : d) soit, au moment où il devient payable, les modalités relatives aux actions de cette série diffèrent des modalités qui, le 31 mars 1977, régissaient les actions de cette série; e) soit, après le 31 mars 1977, la société a émis d’autres actions de cette série. Fusion lorsqu’il y a des actions privilégiées à impôt différé
Where, on account of the tax for a taxation year payable by an individual under this Part, an amount has been deducted or withheld under subsection 153(1) on the basis that the individual would reside in a province other than the province in which the individual resided on the last day of the taxation year, and the individual (a) has filed a return of income for the year with the Minister, (b) is liable to pay tax under this Part for the year, and (c) is resident on the last day of the year in a province with which an agreement described in subsection 154(1) has been entered into, the Minister may make a tax transfer payment to the government of the province not exceeding an amount equal to the product obtained by multiplying the amount or the total of the amounts so deducted or withheld by a prescribed rate. Payment deemed received by individual
Pour l’application du présent article, lorsque, après le 31 mars 1977, il y a eu fusion au sens de l’article 87 et qu’une ou plusieurs des sociétés remplacées avaient une série d’actions en circulation le 31 mars 1977 qui était considérée, aux termes du règlement, comme une série d’actions privilégiées à impôt différé, les règles suivantes s’appliquent : a) la série d’actions du capital-actions de la société remplacée qui était considérée comme une Income Tax PART I Income Tax DIVISION B Computation of Income
Where, pursuant to an agreement entered into under subsection 154(1), an amount has been transferred by the Minister to the government of a province with respect to an individual, the amount shall, for all purposes of this Act, be deemed to have been received by the individual at the time the amount was transferred. Payment deemed received by Receiver General
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations:] 1970-71-72, c. 63, s. 83(1); 1973-74, c. 14, s. 24; 1974-75-76, c. 26, s. 46; 1976-77, c. 4, s. 32; 1977-78, c. 1, s. 37, c. 32, s. 77; 1980-81-82-83, c. 48, s. 116, c. 140, s. 47; 1985, c. 45, s. 126(1); 1986, c. 6, s. 42; 1988, c. 55, s. 55. Deemed dividend (a) payment of a stock dividend, Impôt sur le revenu
Where, pursuant to an agreement entered into under subsection 154(1), an amount has been transferred by the DIVISION I Returns, Assessments, Payment and Appeals government of a province to the Minister with respect to an individual, the amount shall, for all purposes of this Act, be deemed to have been received by the Receiver General on account of the individual’s tax under this Part for the year in respect of which the amount was transferred. Amount not to include refund
In this section, an amount deducted or withheld does not include any refund made in respect of that amount. Farmers and fishermen
(a) the amount estimated by the individual to be the tax payable under this Part by the individual for the year, or (b) the individual’s instalment base for the preceding taxation year.
In this section, instalment base of an individual for a taxation year means the amount determined in prescribed manner to be the individual’s instalment base for the year. Other individuals
a) la série d’actions du capital-actions de la société remplacée qui était considérée, aux termes du règlement, comme une série d’actions privilégiées à impôt différé est réputée continuer d’exister sous la forme des nouvelles actions; b) la nouvelle société est réputée être la même société que chacune des sociétés remplacées et est réputée assurer la continuation de chacune d’elles. [NOTE: Les dispositions applicables ne sont pas incluses dans la présente codification; voir les lois modificatives et règlements modificatifs pertinents:] 1970-71-72, ch. 63, par. 83(1); 1973-74, ch. 14, art. 24; 1974-75-76, ch. 26, art. 46; 1976-77, ch. 4, art. 32; 1977-78, ch. 1, art. 37, ch. 32, art. 77; 1980-81-82-83, ch. 48, art. 116, ch. 140, art. 47; 1985, ch. 45, par. 126(1); 1986, ch. 6, art. 42; 1988, ch. 55, art. 55. Dividende réputé versé et reçu 84 (1) Lorsqu’une société résidant au Canada a, à un moment donné après 1971, augmenté le capital versé relatif aux actions de toute catégorie particulière d’actions de son capital-actions, autrement que : a) par le paiement d’un dividende en actions; b) par une opération qui : (i) soit augmenté la valeur de son actif diminué du passif, (ii) soit diminué son passif après soustraction de la valeur de l’actif, d’un montant non inférieur à celui de l’augmentation du capital versé relativement aux actions de cette catégorie particulière; c) par une opération qui a réduit le capital versé relatif aux actions de toutes les autres catégories d’actions de son capital-actions d’un montant non inférieur à celui de l’augmentation du capital versé relatif aux actions de cette catégorie particulière;
(a) on or before March 15, June 15, September 15 and December 15 in the year, an amount equal to 1/4 of (i) the amount estimated by the individual to be the tax payable under this Part by the individual for the year, or (i) March 15 and June 15 in the year, an amount equal to 1/4 of the individual's instalment base for the second preceding taxation year, and (ii) September 15 and December 15 in the year, an amount equal to 1/2 of the amount, if any, by which (B) 1/2 of the individual's instalment base for the second preceding taxation year. Payment by mutual fund trusts
c.1) si la société est une compagnie d’assurance, par une opération au moyen de laquelle elle convertit un surplus d’apport lié à son entreprise d’assurance (à l’exclusion de toute partie de ce surplus qui a pris naissance soit à un moment où la société était non-résidente, soit dans le cadre d’une disposition à laquelle le paragraphe 212.1(1.1) s’applique ou d’un placement, au sens du paragraphe 212.3(10), auquel le paragraphe 212.3(2) s’applique) en capital versé relativement à des actions de son capital-actions;
Notwithstanding subsection 156(1), the amount payable by a mutual fund trust to the Receiver General on or before any day referred to in paragraph 156(1)(a) in a taxation year shall be deemed to be the amount, if any, by which (a) the amount so payable otherwise determined under that subsection, (b) 1/4 of the trust's capital gains refund (within the meaning assigned by section 132) for the year.
c.2) si la société est une banque, par une opération au moyen de laquelle elle convertit un surplus d’apport provenant de l’émission d’actions de son capital-actions (à l’exclusion de toute partie de ce surplus qui a pris naissance soit à un moment où la société était non-résidente, soit dans le cadre d’une disposition à laquelle le paragraphe 212.1(1.1) s’applique ou d’un placement, au sens du paragraphe 212.3(10), auquel le paragraphe 212.3(2) s’applique) en un capital versé au titre d’actions de son capital-actions;
In this section, instalment base of an individual for a taxation year means the amount determined in prescribed manner to be the individual's instalment base for the year. Payments by SIFT trusts
c.3) si la société n’est ni une compagnie d’assurance ni une banque, par une opération au moyen de laquelle elle convertit, en capital versé au titre d’une catégorie donnée d’actions de son capital-actions, un surplus d’apport s’étant produit après le 31 mars 1977 (à l’exclusion de toute partie de ce surplus qui a pris naissance soit à un moment où la société était non-résidente, soit dans le cadre d’une disposition à laquelle le paragraphe 212.1(1.1) s’applique ou d’un placement, au sens du paragraphe 212.3(10), auquel le paragraphe 212.3(2) s’applique), selon le cas: (i) découlant de l’émission d’actions de la catégorie donnée ou d’actions d’une autre catégorie ayant remplacé les actions de la catégorie donnée, à l’exception des émissions à laquelle s’appliquent les articles 51, 66.3, 84.1, 85, 85.1, 86 ou 87 ou les paragraphes 192(4.1) ou 194(4.1), (ii) découlant de l’acquisition d’un bien par la société auprès d’une personne qui, au moment de l’acquisition, détenait des actions émises de la catégorie donnée, ou des actions d’une autre catégorie ayant remplacé les actions de la catégorie donnée, à titre gratuit ou pour une contrepartie excluant les actions du capital-actions de la société, (iii) résultant d’une opération par laquelle la société a réduit le capital versé au titre de la catégorie donnée, ou des actions d’une autre catégorie ayant remplacé les actions de la catégorie donnée, jusqu’à concurrence de la réduction du capital versé qui a résulté de cette opération, la société est réputée avoir alors versé un dividende sur les actions émises de la catégorie particulière, égal à l’excédent éventuel du montant de l’augmentation du capital versé sur le total des montants suivants: d) le montant de l’augmentation visée au sous-alinéa b)(i) ou de la diminution visée au sous-alinéa b)(ii), selon le cas; e) le montant de la réduction visée à l’alinéa c); f) le montant de l’augmentation du capital versé qui découle de la conversion visée aux alinéas c.1), c.2) ou c.3); chacune des personnes qui détenaient immédiatement après le moment donné une ou plusieurs actions émises Income Tax PART I Income Tax DIVISION B Computation of Income
instalment threshold of an individual for a taxation year means (a) in the case of an individual resident in the Province of Quebec at the end of the year, $1,800, and net tax owing by an individual for a taxation year means (a) in the case of an individual resident in the Province of Quebec at the end of the year, the amount determined by the formula (b) in any other case, the amount determined by the formula A is the total of the taxes payable under this Part and Parts I.2, X.5 and XI.4 by the individual for the year, B is the total of all income taxes payable by the individual for the year under any law of a province or of an Aboriginal government with which the Minister of Finance has entered into an agreement for the collection of income taxes payable by individuals to the province or Aboriginal government under that law, C is the total of the taxes deducted or withheld under section 153 and Part I.2 on behalf of the individual for the year, D is the amount determined under subsection 120(2) in respect of the individual for the year, E is the total of all amounts deducted or withheld on behalf of the individual for the year under a law of a province or of an Aboriginal government with which the Minister of Finance has entered into an agreement for the collection of income taxes payable by individuals to the province or Aboriginal government under that law, and F is the amount determined under subsection 120(2.2) in respect of the individual for the year. (impôt net à payer) Values of A and B in net tax owing (1.1) For the purposes of determining the values of A and B in the definition net tax owing in subsection 156.1(1), income taxes payable by an individual for a taxation year are determined (a) before taking into consideration the specified future tax consequences for the year; and (b) after deducting all tax credits to which the individual is entitled for the year relating to those taxes (other than tax credits that become payable to the individual after the individual’s balance-due day for the year, prescribed tax credits and amounts deemed to have been paid because of the application of either subsection 120(2) or (2.2)). Value of D in net tax owing (1.2) For the purpose of determining the value of D in the definition net tax owing in subsection 156.1(1), the amount deemed by subsection 120(2.2) to have been paid on account of an individual’s tax under this Part for a taxation year is determined before taking into consideration the specified future tax consequences for the year. Value of F in net tax owing (1.3) For the purpose of determining the value of F in the definition net tax owing in subsection (1), the amount deemed by subsection 120(2.2) to have been paid on account of an individual’s tax under this Part for a taxation year is determined before taking into consideration the specified future tax consequences for the year.
Distribution on winding-up, etc. exceeds Redemption, etc. Impôt sur le revenu
Sections 155 and 156 do not apply to an individual for a particular taxation year where (a) the individual’s chief source of income for the particular year is farming or fishing and the individual’s net tax owing for the particular year, or either of the 2 preceding taxation years, does not exceed the individual’s instalment threshold for that year; (b) the individual’s net tax owing for the particular year, or for each of the 2 preceding taxation years, does not exceed the individual’s instalment threshold for that year; or (c) the individual is a graduated rate estate for the particular year.
Sections 155 and 156 do not require the payment of any amount in respect of an individual that would otherwise become due under either of those sections on or after the day on which the individual dies.
Every individual shall, on or before the individual’s balance-due day for each taxation year, pay to the Receiver General in respect of the year the amount, if any, by which the individual’s tax payable under this Part for the year exceeds the total of (a) all amounts deducted or withheld under section 153 from remuneration or other payments received by the individual in the year, and (b) all other amounts paid to the Receiver General on or before that day on account of the individual’s tax payable under this Part for the year. Payment by corporation
(i) on or before the last day of each month in the year, an amount equal to 1/12 of the total of the amounts estimated by it to be the taxes payable by it under this Part and Parts VI, VI.1 and XIII.1 for the year, (ii) on or before the last day of each month in the year, an amount equal to 1/12 of its first instalment base for the year, or (iii) on or before the last day of each of the first two months in the year, an amount equal to 1/12 of its second instalment base for the year, and on or before the last day of each of the following months in the year, an amount equal to 1/10 of the amount remaining after deducting the amount computed pursuant to this subparagraph in respect of the first two months from its first instalment base for the year; and (b) the remainder of the taxes payable by it under this Part and Parts VI, VI.1 and XIII.1 for the year on or before its balance-due day for the year. (1.1) A small-CCPC may, in respect of each of its taxation years, pay to the Receiver General (a) one of the following: (i) on or before the last day of each three-month period in the taxation year (or if the period that remains in a taxation year after the end of the last such three-month period is less than three months, on or before the last day of that remaining period), an amount equal to 1/4 of the total of the amounts estimated by it to be the taxes payable by it under this Part and Part VI.1 for the taxation year, (ii) on or before the last day of each three-month period in the taxation year (or if the period that remains in a taxation year after the end of the last such three-month period is less than three months, on or before the last day of that remaining period), an amount equal to 1/4 of its first instalment base for the taxation year, or (A) of the first period in the taxation year not exceeding three months, an amount equal to 1/4 of its second instalment base for the taxation year, and (B) of each of the following three-month periods in the taxation year (or if the period that remains in a taxation year after the end of the last such three-month period is less than three months, on or before the last day of that remaining period), an amount equal to 1/3 of the amount remaining after deducting the amount computed pursuant to clause (A) from its first instalment base for the taxation year; and (b) the remainder of the taxes payable by it under this Part and Part VI.1 for the taxation year on or before its balance-due day for the taxation year. (1.2) For the purpose of subsection (1.1), a small-CCPC, at a particular time during a taxation year, is a Canadian-controlled private corporation (a) for which the amount determined under subsection (1.3) for the taxation year, or for the preceding taxation year, does not exceed $500,000; (b) for which the amount determined under subsection (1.4) for the taxation year, or for the preceding taxation year, does not exceed $10 million; (c) in respect of which an amount is deducted under section 125 of the Act in computing the corporation’s tax payable for the taxation year or for the preceding taxation year; and (d) that has throughout the 12-month period that ends at the time its last remittance under this section is due, (i) remitted, on or before the day on or before which the amounts were required to be remitted, all amounts that were required to be remitted under subsection 153(1), under Part IX of the Excise Tax Act, under subsection 82(1) of the Employment Insurance Act or under subsection 21(1) of the Canada Pension Plan; and (ii) filed, on or before the day on or before which the returns were required to be filed, all returns that were required to be filed under this Act or under Part IX of the Excise Tax Act. (1.3) The amount determined under this subsection in respect of a corporation for a particular taxation year is (a) if the corporation is not associated with another corporation in the particular taxation year, the amount that is the corporation’s taxable income for the particular taxation year; or (b) if the corporation is associated with another corporation in the particular taxation year, the amount that is the total of all amounts each of which is the taxable income of the corporation for the particular taxation year or the taxable income of the corporation with which it is associated in the particular taxation year for a taxation year of that other corporation that ends in the particular taxation year. (1.4) The amount determined under this subsection in respect of a corporation for a particular taxation year is (a) if the corporation is not associated with another corporation in the particular taxation year, the amount that is the corporation’s taxable capital employed in Canada (for the purpose of this subsection, within the meaning assigned by section 181.2 or 181.3, as the case may be) for the particular taxation year; or (b) if the corporation is associated with another corporation in the particular taxation year, the amount that is the total of all amounts each of which is the taxable capital employed in Canada of the corporation for the particular taxation year or the taxable capital employed in Canada of a corporation with which it is associated in the particular taxation year for a taxation year of that other corporation that ends in the particular taxation year. year of that other corporation that ends in the particular taxation year. No longer a small-CCPC (1.5) Notwithstanding subsection (1), where a corporation, that has remitted amounts in accordance with subsection (1.1), ceases at any particular time in a taxation year to be eligible to remit in accordance with subsection (1.1), the corporation shall pay to the Receiver General, the following amounts for the taxation year, (a) on or before the last day of each month, in the taxation year, that ends after the particular time, either (i) the amount determined by the formula A is the total of the amounts estimated by the corporation to be the taxes payable by it under this Part and Parts VI, VI.1 and XIII.1 for the taxation year, B is the total of all payments payable by the corporation in the taxation year in accordance with subsection (1.1), and C is the number of months that end in the taxation year and after the particular time, or (A) the amount determined by the formula A is the corporation’s first instalment base for the taxation year, B is the total of all payments payable by the corporation in the taxation year in accordance with subsection (1.1), and C is the number of months that end in the taxation year and after the particular time; and (B) the amount obtained when the estimated tax payable by the corporation, if any, under Parts VI and XIII.1 for the taxation year is divided by the number of months that end in the taxation year and after the particular time; and (b) the remainder of the taxes payable by it under this Part and Parts VI, VI.1 and XIII.1 for the taxation year on or before its balance-due day for the year.
de cette catégorie particulière est réputée avoir à ce moment touché un dividende égal à la fraction du dividende ainsi réputé avoir été payé par la société représentée par le rapport entre le nombre d’actions de cette catégorie particulière qu’elle détenait immédiatement avant ce moment et le nombre d’actions de cette catégorie qui étaient en circulation immédiatement avant ce moment. Distribution lors de liquidation, etc.
Subsections (1), (2.1) and (4) apply to a SIFT trust with any modifications that the circumstances require. $3,000 threshold (2.1) A corporation may, instead of paying the instalments required for a taxation year by paragraph (1)(a) or by subsection (1.1), pay to the Receiver General, under paragraph (1)(b), the total of the taxes payable by it under this Part and Parts VI, VI.1 and XIII.1 for the taxation year, if (a) the total of the taxes payable under this Part and Parts VI, VI.1 and XIII.1 by the corporation for the taxation year (determined before taking into consideration the specified future tax consequences for the year) is equal to or less than $3,000; or (b) the corporation’s first instalment base for the year is equal to or less than $3,000. Reduced instalments
Lorsque des fonds ou des biens d’une société résidant au Canada ont, à un moment donné après le 31 mars 1977, été distribués ou autrement attribués, de quelque façon que ce soit, aux actionnaires ou au profit des actionnaires de toute catégorie d’actions de son capital-actions, lors de la liquidation, de la cessation de son activité ou de la réorganisation de son entreprise, la société est réputée avoir versé à ce moment donné un dividende sur les actions de cette catégorie, égal à l’excédent éventuel du montant visé à l’alinéa a) sur le montant visé à l’alinéa b): a) le montant ou la valeur des fonds ou des biens distribués ou attribués, selon le cas; b) le montant éventuel de la réduction, lors de la distribution ou de l’attribution, selon le cas, du capital versé relatif aux actions de cette catégorie; et chaque personne qui détenait au moment donné une ou plusieurs des actions émises est réputée avoir reçu à ce moment un dividende égal à la fraction de l’excédent représentée par le rapport existant entre le nombre d’actions de cette catégorie qu’elle détenait immédiatement avant ce moment et le nombre d’actions émises de cette catégorie qui étaient en circulation immédiatement avant ce moment. Rachat, etc.
Notwithstanding subsection (1) and (1.5), the amount payable under subsection (1) or (1.5) for a taxation year by a corporation to the Receiver General on or before the last day of any month in the year is deemed to be the amount, if any, by which (a) the amount so payable as determined under that subsection for the month (b) where the corporation is neither a mutual fund corporation nor a non-resident-owned investment corporation, 1/12 of the corporation’s dividend refund (within the meaning assigned by subsection 129(1)) for the year, (c) if the corporation is a mutual fund corporation, 1/12 of the total of (i) the corporation’s capital gains refund (within the meaning assigned by section 131) for the year, and (ii) the amount that, because of subsection 131(5) or (11), is the corporation’s dividend refund (within the meaning assigned by section 129) for the year, (d) where the corporation is a non-resident-owned investment corporation, 1/12 of the corporation’s allowable refund (within the meaning assigned by section 133) for the year, and Division I Returns, Assessments, Payment and Appeals (e) 1/12 of the total of the amounts each of which is deemed by subsection 125.4(3), 125.5(3), 125.6(2) or (2.1), 127.1(1), 127.41(3), 127.44(2), 127.45(2), 127.48(2) or 127.49(2) to have been paid on account of the corporation’s tax payable under this Part for the year. Amount of payment — three-month period (3.1) Notwithstanding subsection (1.1), the amount payable under subsection (1.1) for a taxation year by a corporation to the Receiver General on or before the last day of any period in the year is deemed to be the amount, if any, by which (a) the amount so payable as determined under that subsection for the period exceeds the total of (b) 1/4 of the corporation’s dividend refund (within the meaning assigned by subsection 129(1)) for the taxation year, and (c) 1/4 of the total of the amounts each of which is deemed by subsection 125.4(3), 125.5(3), 125.6(2) or (2.1), 127.1(1), 127.41(3), 127.44(2), 127.45(2), 127.48(2) or 127.49(2) to have been paid on account of the corporation’s tax payable under this Part for the taxation year.
Lorsque, à un moment donné après le 31 décembre 1977, une société résidant au Canada a racheté, acquis ou annulé de quelque façon que ce soit (autrement que par une opération visée au paragraphe (2)) toute action d’une catégorie quelconque de son capital-actions : a) la société est réputée avoir versé au moment donné un dividende sur une catégorie distincte d’actions constituées des actions ainsi rachetées, acquises ou annulées, égal à l’excédent éventuel de la somme payée par la société lors du rachat, de l’acquisition ou de l’annulation, selon le cas, de ces actions sur le capital versé relatif à ces actions, existant immédiatement avant ce moment; b) chacune des personnes qui détenait au moment donné une ou plusieurs actions de cette catégorie distincte est réputée avoir reçu à ce moment un Income Tax PART I Income Tax DIVISION B Computation of Income
In this section, first instalment base and second instalment base of a corporation for a taxation year have the meanings prescribed by regulation. Instalment deferral for January, February and March 2002 - definitions
(a) a specified financial institution, or
eligible corporation, for a particular taxation year, means a corporation (a) that is resident in Canada throughout the particular taxation year; and (b) of which the taxable capital employed in Canada, within the meaning assigned by Part I.3, for its preceding taxation year did not exceed, (i) if the corporation is not associated with any other corporation in the particular taxation year, $15 million, and (ii) if the corporation is associated with one or more other corporations in the particular taxation year, the amount by which $15 million exceeds the total of the taxable capital employed in Canada, within the meaning assigned by Part I.3, of those other corporations for their last taxation years that ended in the last calendar year that ended before the end of the particular taxation year. (société admissible) eligible instalment day of an eligible corporation means a day in January, February or March, 2002, on which an instalment on account of the corporation’s tax payable under this Part for the taxation year that includes that day would become payable (a) if this Act were read without reference to this section; and (b) if, in the case of a corporation that is not required by section 157 to make instalment payments on account of its tax payable under this Part for the taxation year, it were so required. (jour admissible) Deferred balance-due day
Where Income Tax PART I Income Tax DIVISION B Computation of Income
An eligible corporation’s balance-due day for a taxation year that ends after 2001 is deemed to be the later of (a) the day that would otherwise be the corporation’s balance-due day for the taxation year, and (b) the day that is six months after the corporation’s last eligible instalment day in the taxation year.
Where s. (2) or (3) does not apply When dividend payable Where s. (3) does not apply Impôt sur le revenu
An amount that would, because of paragraph 157(1)(a), otherwise become payable in respect of a taxation year by an eligible corporation on an eligible instalment day of the corporation does not become payable on that day but becomes payable (a) if the particular day that is six months after the eligible instalment day is in the taxation year, on the particular day; and (b) if not, on the day that is deemed by subsection (2) to be the corporation’s balance-due day for the taxation year. Division I Returns, Assessments, Payment and Appeals (b) in any other case, on the day that is deemed by subsection (2) to be the corporation’s balance-due day for the taxation year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2002, c. 9, s. 4.
Person acting for another
(a) the legal representative is jointly and severally, or solidarily, liable with the taxpayer (i) to pay each amount payable under this Act by the taxpayer at or before that time and that remains unpaid, to the extent that the legal representative at that time in possession or control, in the capacity of legal representative, of property that belongs to, or that is or was held for the benefit of, the taxpayer or the taxpayer’s estate, and (ii) to perform any obligation or duty imposed under this Act on the taxpayer at or before that time and that remains outstanding, to the extent that the obligation or duty can reasonably be considered to relate to the responsibilities of the legal representative acting in that capacity; and (b) any action or proceeding in respect of the taxpayer taken under this Act at or after that time by the Minister may be so taken in the name of the legal representative acting in that capacity and, when so taken, has the same effect as if it had been taken directly against the taxpayer and, if the taxpayer no longer exists, as if the taxpayer continued to exist. Certificate before distribution
Every legal representative (other than a trustee in bankruptcy) of a taxpayer shall, before distributing to one or more persons any property in the possession or control of the legal representative acting in that capacity, obtain a certificate from the Minister, by applying for one in prescribed form, certifying that all amounts (a) for which the taxpayer is or can reasonably be expected to become liable under this Act at or before the time the distribution is made, and (b) for the payment of which the legal representative is or can reasonably be expected to become liable in that capacity have been paid or that security for the payment thereof has been accepted by the Minister. Personal liability
b) soit la somme versée par une société, comme il est indiqué aux alinéas (3)a) ou (4)a), comprennent une action du capital-actions de la société, pour l’application des paragraphes (2) à (4), les règles suivantes s’appliquent : c) dans le calcul de la valeur des biens visés à l’alinéa a) à un moment donné, l’action doit être évaluée à un montant égal à son capital versé à ce moment; d) dans le calcul de la somme visée à l’alinéa b) à un moment donné, l’action doit être évaluée à un montant égal à l’augmentation apportée, par l’émission de celle-ci, au capital versé à l’égard de la catégorie d’actions dont elle fait partie. Non-application du par. (2) ou (3)
If a legal representative (other than a trustee in bankruptcy) of a taxpayer distributes to one or more persons property in the possession or control of the legal representative, acting in that capacity, without obtaining a certificate under subsection (2) in respect of the amounts referred to in that subsection, (a) the legal representative is personally liable for the payment of those amounts to the extent of the value of the property distributed; (b) the Minister may at any time assess the legal representative in respect of any amount payable because of this subsection; and (c) the provisions of this Division (including, for greater certainty, the provisions in respect of interest payable) apply, with any modifications that the circumstances require, to an assessment made under this subsection as though it had been made under section 152 in respect of taxes payable under this Part. (3.1) For the purposes of subsections 159(2) and 159(3), an appropriation by a legal representative of a taxpayer of property in the possession or control of the legal representative acting in that capacity is deemed to be a distribution of the property to a person.
Le paragraphe (2) ou (3), selon le cas, ne s’applique pas : a) à une opération ou à un événement, dans la mesure où le paragraphe (1) s’y applique; b) à l’achat, sur le marché libre, par une société, de n’importe lesquelles de ses actions, si la société a acquis ces actions de la manière dont le public les aurait normalement achetées sur le marché libre. Moment présumé du paiement d’un dividende
Where subsection 70(2), 70(5) or 70(5.2) of this Act or subsection 70(9.4) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, is applicable in respect of a taxpayer who has died, and the taxpayer’s legal representative so elects and furnishes the Minister with security acceptable to the Minister for payment of any tax the payment of which is deferred by the election, notwithstanding any provision of this Part or the Income Tax Application Rules respecting the time within which payment shall be made of the tax payable under this Part by the taxpayer for the taxation year in which the taxpayer died, all or any portion of such part of that tax as is equal to the amount, if any, by which that tax exceeds the amount that that tax would be, if this Act were read without reference to subsections 70(2), (5) and (5.2) and the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, were read without reference to subsections 70(2), (5), (5.2) and (9.4) of that Act, may be paid in such number (not exceeding 10) of equal consecutive annual instalments as is specified by the legal representative in the election, the first instalment of which shall be paid on or before the day on or before which payment of that tax would, but for the election, have been required to be made and each subsequent instalment of which shall be paid on or before the next following anniversary of that day. (5.1) Where, in the taxation year in which a taxpayer dies, an amount is included in computing the taxpayer’s income by virtue of paragraph 23(3)(b) of the Income Tax Application Rules, subsection (5) shall, with such modifications as the circumstances require, apply, as though the amount were an amount included in computing the taxpayer’s income for the year by virtue of subsection 70(2) or an amount deemed to have been received by the taxpayer by virtue of subsection 70(5).
Le dividende qui est réputé par le présent article ou par les articles 84.1, 128.1 ou 212.1 avoir été versé à un moment donné est réputé, pour l’application de la présente sous-section et des articles 131 et 133, être devenu payable à ce moment. Non-application du par. (3)
For the purposes of subsection 159(5), the tax payable under this Part by a taxpayer for the taxation year in which the taxpayer died includes any tax payable under this Part by virtue of an election in respect of the taxpayer’s death made by the taxpayer’s legal representative under subsection 70(2) or under the provisions of that subsection as they are required to be read by virtue of the Income Tax Application Rules. (6.1) Where a time determined under paragraph 104(4)(a), (a.1), (a.2), (a.3), (a.4), (b) or (c) in respect of a trust occurs in a taxation year of the trust and the trust so elects and furnishes to the Minister security acceptable to the Minister for payment of any tax the payment of which is deferred by the election, notwithstanding any provision of this Part respecting the time within which payment shall be made of the tax payable under this Part by the trust for the year, all or any portion of the part of the tax the payment of which is so deferred may be paid in such number (not exceeding 10) of equal consecutive annual instalments as is specified by the trust in its election, the first instalment of which shall be paid on or before the day on or before which payment of that tax would, but for the election, have been required to be made and each subsequent instalment of which shall be paid on or before the next following anniversary of that day. DIVISION I Returns, Assessments, Payment and Appeals that tax that is equal to the amount, if any, by which that tax exceeds the amount that that tax would be if this Act were read without reference to paragraph 104(4)(a), (a.1), (a.2), (a.3), (a.4), (b) or (c), as the case may be, may be paid in the number (not exceeding 10) of equal consecutive annual instalments that is specified by the trust in the election, the first instalment of which shall be paid on or before the day on or before which payment of that tax would, but for the election, have been required to be made and each subsequent instalment of which shall be paid on or before the next following anniversary of that day. Form and manner of election and interest
Le paragraphe (3) ne s’applique pas de manière qu’un dividende soit réputé avoir été reçu par un actionnaire d’une société publique lorsque celui-ci est un particulier résidant au Canada qui n’a aucun lien de dépendance avec la société et les actions rachetées, acquises ou annulées sont des actions visées par règlement du capital-actions de la société. Disposition d’actions en cas de rachat, acquisition ou annulation
Every election made by a taxpayer under subsection 159(4) or 159(6.1) or by the legal representative of a taxpayer under subsection 159(5) shall be made in prescribed form and on condition that, at the time of payment of any amount payment of which is deferred by the election, the taxpayer shall pay to the Receiver General interest on the amount at the prescribed rate in effect at the time the election was made, computed from the day on or before which the amount would, but for the election, have been required to be paid to the day of payment.
Il est entendu que l’actionnaire d’une société qui a disposé d’une action du capital-actions de la société à cause du rachat, de l’acquisition ou de l’annulation de l’action par la société est réputé, pour l’application de la présente loi, avoir disposé de l’action en faveur de la société. Computation of contributed surplus [NOTE: Application provisions are not included in the consolidated text; see relevant amendments and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 84; 1994, c. 7, Sch. II, s. 6; c. 21, s. 45; 1999, c. 22, s. 3; c. 31, s. 135(F); 2012, c. 31, s. 16; 2013, c. 34, s. 219; 2016, c. 12, s. 25; 2018, c. 27, s. 5. Non-arm’s length sale of shares (A - B) × C/A where (A + D) - (E + F) where A représente le montant correspondant à l'augmentation — conséquence de l'émission des nouvelles actions — du capital versé au titre de toutes les actions du capital-actions de l'acheteur, calculée sans que le présent article soit applicable à l'acquisition des actions concernées, B l'excédent éventuel du plus élevé des montants suivants : (i) le capital versé au titre des actions concernées immédiatement avant la disposition, (ii) le prix de base rajusté des actions concernées pour le contribuable immédiatement avant la disposition, sous réserve des alinéas (2)a) et a.1), sur la juste valeur marchande, immédiatement après la disposition, de toute contrepartie, à l'exclusion des nouvelles actions, reçue de l'acheteur par le contribuable pour les actions concernées, C le montant correspondant à l'augmentation — conséquence de l'émission des nouvelles actions — du capital versé au titre de la catégorie donnée d'actions, calculée sans que le présent article soit appliqué à l'acquisition des actions concernées; b) pour l'application de la présente loi, un dividende, calculé selon la formule suivante, est réputé avoir été versé par l'acheteur au contribuable et reçu par celui-ci au moment de la disposition : (A + D) - (E + F) où : A représente le montant correspondant à l'augmentation — conséquence de l'émission des nouvelles A D E F Idem (a.2) [Repealed, 1998, c. 19, s. 115(1)] prix de base rajusté de l’action pour le contribuable, déterminé par ailleurs, sur le total des montants suivants : (i) si l’action ou une action y substituée était, à la fin de 1971, la propriété du contribuable ou d’une personne avec laquelle il avait un lien de dépendance, le montant au titre de cette action égal à l’excédent éventuel : (A) de la juste valeur marchande de l’action ou de l’action y substituée, selon le cas, au jour de l’évaluation — au sens de l’article 24 des Règles concernant l’application de l’impôt sur le revenu —, sur le total des montants suivants : (B) le coût effectif — au sens du paragraphe 26(13) de cette loi — de l’action ou de l’action y substituée, selon le cas, pour le contribuable ou pour cette personne le 1er janvier 1972, (C) le total des montants dont chacun représente un montant reçu par le contribuable ou cette personne avec laquelle le contribuable avait un lien de dépendance, après 1971 et avant ce moment, à titre de dividende au titre de l’action ou de l’action y substituée, pour lequel la société qui a versé le dividende a fait le choix prévu au paragraphe 83(1), (ii) le total des montants dont chacun représente un montant calculé après 1984 selon le sous-alinéa 40(1)a)(ii) dans le cas d’une disposition antérieure de l’action ou d’une action à laquelle l’action a été substituée (ou le montant moindre que le contribuable indique comme étant le montant à l’égard duquel une déduction a été demandée en vertu de l’article 110.6) par le contribuable ou par un particulier avec qui le contribuable avait un lien de dépendance; a.2) [Abrogé, 1998, ch. 19, art. 115(1)] b) pour toute disposition décrite au paragraphe (1), et faite par un contribuable, d’actions du capital-actions de la société en cause en faveur de l’acheteur, il est entendu que le contribuable est réputé avoir un lien de dépendance avec l’acheteur, si : (i) d’une part, immédiatement avant la disposition, il faisait partie d’un groupe de moins de 6 personnes qui contrôlaient la société en cause, (ii) d’autre part, immédiatement après la disposition, il faisait partie d’un groupe de moins de 6 personnes qui contrôlaient l’acheteur, chaque membre du groupe étant (c) [Repealed, 1998, c. 19, s. 115(2)] (d) a trust and a beneficiary of the trust or a person related to a beneficiary of the trust shall be deemed not to deal with each other at arm’s length; and Rules for par. 84.1(2)(a.1) (2.01) For the purpose of paragraph 84.1(2)(a.1), Idem (a) the total of (ii) d’autre part, immédiatement après la disposition, il faisait partie d’un groupe de moins de 6 personnes — dont chacune était membre du groupe visé au sous-alinéa (i) — qui contrôlaient l’acheteur; (c) [Abrogé, 1998, ch. 19, art. 115(2)] d) une fiducie et ses bénéficiaires ou les personnes liées à ceux-ci sont réputés avoir un lien de dépendance; e) malgré tout autre alinéa du présent paragraphe, si le présent alinéa s’applique compte tenu des paragraphes (2.31) ou (2.32) à la disposition d’actions concernées par un contribuable en faveur d’un acheteur, le contribuable et l’acheteur sont réputés ne pas avoir entre eux de lien de dépendance au moment de la disposition des actions concernées. Application de l’alinéa 84.1(2)(a.1) (2.01) Les présomptions suivantes s’appliquent dans le cadre de l’alinéa (2)(a.1) : a) une société émet à une époque donnée une action de son capital-actions sont réputés ne pas avoir entre eux de lien de dépendance au moment de l’émission; b) le contribuable qui est réputé par l’alinéa 110.6(19)a) avoir acquis une action de nouveau est réputé l’avoir acquise au début du 23 février 1994 d’une personne avec laquelle il avait un lien de dépendance; c) dans le cas où une action appartenant à une personne donnée, ou une action qui y est substituée, est dévolue à une autre personne par suite d’opérations ou d’événements entre personnes ayant un lien de dépendance, la personne donnée et l’autre personne sont réputées à tout moment avoir entre elles un lien de dépendance même si elles ne coexistaient pas. Idem (2.1) Pour l’application du sous-alinéa (2)a.1)(ii), dans le cas où un contribuable ou un particulier avec lequel il a un lien de dépendance (appelé « cédant » au présent paragraphe) dispose d’une action au cours d’une année d’imposition et demande une déduction d’un montant au titre de l’alinéa 40(1)a)(iii) dans le calcul du gain pour l’année tiré de la disposition, le montant au titre duquel une déduction est demandée en vertu de l’article 110.6 relativement au gain du cédant tiré de la disposition est réputé égal au moins élevé des montants suivants : a) le total des montants suivants : Rules for par. 84.1(2)(b) (2.2) For the purpose of paragraph 84.1(2)(b), (i) le montant dont le cédant a demandé la déduction pour l’année en application du sous-alinéa 40(1)a)(iii) relativement à la disposition, (ii) le double du montant déduit en application de l’article 110.6 dans le calcul du revenu imposable du cédant pour l’année relativement au gain en capital imposable tiré de la disposition, b) le double du montant maximal qui aurait été déductible en application de l’article 110.6 dans le calcul du revenu imposable du cédant pour l’année relativement au gain en capital imposable tiré de la disposition si, à la fois : (i) aucun montant n’avait été demandé en déduction par le cédant en application du sous-alinéa 40(1)a)(iii) dans le calcul du gain pour l’année tiré de la disposition, (ii) les montants déduits en application de l’article 110.6 dans le calcul du revenu imposable du cédant pour l’année relativement aux gains en capital imposables provenant de dispositions de biens auxquels le présent paragraphe ne s’applique pas avaient été déduits avant de déterminer le montant maximal qui aurait été déductible en application de l’article 110.6 relativement au gain en capital imposable tiré de la disposition, Pour l’application du sous-alinéa (ii), la moitié du total des montants calculés en application du présent paragraphe pour l’année relativement à d’autres biens dont il a été disposé avant l’action est réputé avoir été déduit en application de l’article 110.6 dans le calcul du revenu imposable tiré de la disposition de biens auxquels le présent paragraphe ne s’applique pas. Pour l’application du présent paragraphe, chaque action à laquelle le présent paragraphe s’applique et qui fait l’objet d’une disposition au cours de l’année est réputée faire l’objet d’une disposition distincte dans l’ordre déterminé par le contribuable dans sa déclaration de revenu produite en vertu de la présente partie pour l’année. Application de l’alinéa 84.1(2)(b) (2.2) Les règles suivantes s’appliquent dans le cadre de l’alinéa (2)b) : a) pour déterminer si un contribuable visé à cet alinéa fait partie d’un groupe de moins de six personnes qui contrôlaient une société à un moment donné, les actions du capital-actions de la société qui appartiennent à l’une des personnes suivantes sont réputées appartenir au contribuable et non à la personne qui en était réellement le propriétaire à ce moment : Rules for subsections (2.31) and (2.32) (i) a niece or nephew of the taxpayer, (ii) a niece or nephew of the taxpayer’s spouse or common-law partner, (iv) a child of a niece or nephew referred to in subparagraph (i) or (ii); (i) l’enfant du contribuable, au sens du paragraphe 70(10), âge de moins de 18 ans ou l’époux ou conjoint de fait du contribuable, (ii) une fiducie qui compte parmi ses bénéficiaires le contribuable, une personne visée au sous-alinéa (i) ou une société visée au sous-alinéa (iii), (iii) une société contrôlée par le contribuable, par une personne visée aux sous-alinéas (i) ou (ii) ou par plusieurs de ces personnes; b) un groupe de personnes quant à une société s’entend de plusieurs personnes dont chacune est propriétaire d’actions du capital-actions de la société; c) la société qui est contrôlée par un ou plusieurs membres d’un groupe de personnes quant à cette société est réputée être contrôlée par ce groupe; d) une société peut être contrôlée par une personne ou par un groupe de personnes même si elle est contrôlée ou réputée être contrôlée par une autre personne ou un autre groupe de personnes ou est réputée être contrôlée. Application des paragraphes (2.31) et (2.32) (2.3) Pour l’application du présent paragraphe et des paragraphes (2.31) et (2.32) : a) un enfant d’un contribuable s’entend au sens du paragraphe 70(10) et y sont assimilées les personnes suivantes : (i) sa nièce ou son neveu, (ii) une nièce ou un neveu de son époux ou conjoint de fait, (iii) un époux ou conjoint de fait d’une nièce ou d’un neveu visé aux sous-alinéas (i) ou (ii), (iv) un enfant d’une nièce ou d’un neveu visé aux sous-alinéas (i) ou (ii); b) pour l’application des sous-alinéas (2.31)(c)(iii) et (2.32)(c)(iii), si l’entité pertinente du groupe est une société de personnes : (i) la société de personnes est réputée être une société (appelée « société réputée » au présent alinéa), (ii) la société réputée est réputée avoir un capital-actions constitué d’une seule catégorie d’actions, A × 100 where (A) the deemed shareholder’s specified proportion for the last fiscal period of the deemed corporation, or avec un total de 100 actions émises et en circulation, (iii) chaque associé (appelé « actionnaire réputé » au présent alinéa) de la société de personnes est réputé être un actionnaire de la société réputée, (iv) chaque actionnaire réputé de la société réputée est réputé détenir un nombre d’actions du capital-actions de la société réputée déterminé par la formule suivante : A × 100 où : A représente : (A) la proportion déterminée de l’actionnaire réputé pour le dernier exercice de la société réputée, (B) si l’actionnaire réputé n’a pas de proportion déterminée visée à la division (A), la proportion que représente la juste valeur marchande de la participation de l’actionnaire réputé dans la société réputée à ce moment relativement à la juste valeur marchande de toutes les participations dans la société réputée à ce moment, (v) l’exercice de la société réputée est réputé être son année d’imposition; c) détient, directement ou indirectement relativement à un bien s’entend de ce qui suit : (i) la propriété directe du bien, (ii) une participation dans les actions d’une société, une participation dans une société de personnes ou une participation dans une fiducie ayant une participation directe ou indirecte ou, pour l’application du droit civil, un droit sur le bien, sauf pour l’application des alinéas (2.31)d) et e) et (2.32)d) et e), le présent sous-alinéa ne s’applique pas comme une règle de transparence relative à une participation ou, pour l’application du droit civil, un droit sur une action privilégiée sans droit de vote ou une dette, selon le cas : (A) de l’acheteur (au sens des paragraphes (2.31) et (2.32)), (B) de la société en cause (au sens des paragraphes (2.31) et (2.32)), (C) de toute entité pertinente du groupe (au sens des paragraphes (2.31) et (2.32)); Income Tax PART I Income Tax DIVISION B Computation of Income
Tax liability re property transferred not at arm’s length
Impôt sur le revenu
Where a person has, on or after May 1, 1951, transferred property, either directly or indirectly, by means of a trust or by any other means whatever, to (a) the person’s spouse or common-law partner or a person who has since become the person’s spouse or common-law partner, (b) a person who was under 18 years of age, or (c) a person with whom the person was not dealing at arm’s length, the following rules apply: (d) the transferee and transferor are jointly and severally, or solidarily, liable to pay a part of the transferor’s tax under this Part for each taxation year equal to the amount by which the tax for the year is greater than it would have been if it were not for the operation of sections 74.1 to 75.1 of this Act and section 74 of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, in respect of any income from, or gain from the disposition of, the property so transferred or property substituted for it, and (e) the transferee and transferor are jointly and severally, or solidarily, liable to pay under this Act an amount equal to the lesser of (i) the amount, if any, by which the fair market value of the property at the time it was transferred exceeds the fair market value at that time of the consideration given for the property, and (ii) the total of all amounts each of which is an amount that the transferor is liable to pay under this Act (including, for greater certainty, an amount that the transferor is liable to pay under this section, regardless of whether the Minister has made an assessment under subsection (2) for that amount) in or in respect of the taxation year in which the property was transferred or any preceding taxation year, but nothing in this subsection limits the liability of the transferor under any other provision of this Act in respect of the amount for the payment of which the transferee is liable to pay under this Act on an assessment in respect of the amount that the transferee is liable to pay because of this subsection. Joint and several, or solidary, liability — subsection 69(11) (1.1) If a particular person or partnership is deemed by subsection 69(11) to have disposed of a property at any time, the person referred to in that subsection to whom a benefit described in that subsection was available in respect of a subsequent disposition of the property or property substituted for the property is jointly and severally, or solidarily, liable with each other taxpayer to pay a part of the other taxpayer’s liabilities under this Act in respect of each taxation year equal to the amount determined by the formula A is the total of all amounts payable under this Act by the other taxpayer in respect of the year, and B is the amount that would, if the particular person or partnership were not deemed by subsection 69(11) to have disposed of the property, be determined for A in respect of the other taxpayer in respect of the year. but nothing in this subsection limits the liability of the other taxpayer under any other provision of this Act or of any person for the interest that the person is liable to pay under this Act on an assessment in respect of the amount that the person is liable to pay because of this subsection. Joint and several, or solidary, liability — tax on split income (1.2) If an amount is required to be added because of subsection 120.4(2) in computing a specified individual’s tax payable under this Part for a taxation year and the specified individual has not attained the age of 24 years before the start of the year, the following rules apply: (a) subject to paragraph (b), a particular individual is jointly and severally, or solidarily, liable with the specified individual for the amount if (B) the amount was derived directly or indirectly from a related business (within the meaning of paragraph 120.4(1.1)(d)) in respect of the specified individual, and (C) the particular individual meets the conditions in any of paragraphs (a) to (c) in the definition related business in subsection 120.4(1) in respect of the related business; (b) the particular individual’s liability under paragraph (a) in respect of the specified individual for the year is to be determined as though the only amounts included in the specified individual’s split income for the year were amounts derived from the related business referred to in subparagraph (a)(ii); and (c) nothing in this subsection limits the liability of (ii) the particular individual for the interest that the particular individual is liable to pay under this Act on an assessment in respect of the amount that DIVISION I Returns, Assessments, Payment and Appeals the particular individual is liable to pay because of this subsection. Joint liability — tax on split-pension income (1.3) Where a pensioner and a pension transferee (as those terms are defined in section 60.03) make a joint election under section 60.03 in respect of a split-pension amount (as defined in that section) for a taxation year, they are jointly and severally, or solidarily, liable for the tax payable by the pension transferee under this Part for the taxation year to the extent that that tax payable is greater than it would have been if no amount were required to be added because of paragraph 56(1)(a.2) in computing the income of the pension transferee under this Part for the taxation year. Joint liability — spousal and similar trusts (1.4) If subsection 104(13.4) deems an amount to have become payable in a taxation year of a trust to an individual, the individual and the trust are jointly and severally, or solidarily, liable for the tax payable by the individual under this Part for the individual’s taxation year that includes the day on which the individual dies to the extent that that tax payable is greater than it would have been if the amount were not included in computing the individual’s income under this Part for the taxation year. Joint liability — intergenerational business transfer (1.5) If a taxpayer and one or more other taxpayers have jointly elected under (a) paragraph 84.1(2.31)(h) in respect of a disposition of shares of the capital stock of a corporation resident in Canada, they are jointly and severally, or solidarily, liable for the tax payable by the taxpayer under this Part to the extent that the tax payable by the taxpayer is greater than it would have been if the disposition had satisfied the conditions of subsection 84.1(2.31); or (b) paragraph 84.1(2.32)(j) in respect of a disposition of shares of the capital stock of a corporation resident in Canada, they are jointly and severally, or solidarily, liable for the tax payable by the taxpayer under this Part to the extent that the tax payable by the taxpayer is greater than it would have been if the disposition had satisfied the conditions of subsection 84.1(2.32). Joint and several, or solidary, liability — qualifying business transfers (1.6) If a trust, any purchaser corporation owned by the trust and a taxpayer have jointly elected under paragraph 110.6(1)(e) in respect of a disposition of shares of the capital stock of a corporation and paragraph 110.6(1)(a) applies, the trust, the purchaser corporation (if applicable) and the taxpayer are jointly and severally, or solidarily, liable for the tax payable by the taxpayer under this Part to the extent that the tax payable by the taxpayer is greater than it would have been if the disposition had satisfied the conditions of section 110.6(1). Assessment
The Minister may at any time assess a taxpayer in respect of any amount payable because of this section, and the provisions of this Division (including, for greater certainty, the provisions in respect of interest payable) apply, with any modifications that the circumstances require, in respect of an assessment made under this section as though it had been made under section 152 in respect of taxes payable under this Part. Assessment (2.1) The Minister may at any time assess a taxpayer in respect of any amount payable because of paragraph 94(3)(d) or (e) or subsection 94(17) and the provisions of this Division (including, for greater certainty, the provisions in respect of interest payable) apply, with any modifications that the circumstances require, in respect of an assessment made under this section as though it had been made under section 152 in respect of taxes payable under this Part.
If a particular taxpayer has become jointly and severally, or solidarily, liable with another taxpayer under this section or because of paragraph 94(3)(d) or (e) or subsection 94(17) in respect of part or all of a liability under this Act of the other taxpayer, (a) a payment by the particular taxpayer on account of that taxpayer’s liability shall to the extent of the payment discharge their liability; but (b) a payment by the other taxpayer on account of that taxpayer’s liability discharges the particular taxpayer’s liability only to the extent that the payment operates to reduce that other taxpayer’s liability to an amount less than the amount in respect of which the particular taxpayer is, by this section, made jointly and severally, or solidarily, liable. Fair market value of undivided interest or right (3.1) For the purposes of this section and section 160.4, the fair market value at any time of an undivided interest, or for civil law an undivided right, in a property, expressed as a proportionate interest or right in that property, is, subject to subsection (4), deemed to be equal to the same proportion of the fair market value of that property at that time. Special rules re transfer of property to spouse or common-law partner
Notwithstanding subsection 160(1), where at any time a taxpayer has transferred property to the taxpayer’s spouse or common-law partner pursuant to a decree, order or judgment of a competent tribunal or pursuant to a written separation agreement and, at that time, the taxpayer and the spouse or common-law partner were separated and living apart as a result of the breakdown of their marriage or common-law partnership, the following rules apply: (a) in respect of property so transferred after February 15, 1984, (i) the spouse or common-law partner shall not be liable under subsection 160(1) to pay any amount with respect to any income from, or gain from the disposition of, the property so transferred or property substituted therefor, and (ii) for the purposes of paragraph 160(1)(e), the fair market value of the property at the time it was transferred shall be deemed to be nil, and (b) in respect of property so transferred before February 16, 1984, where the spouse or common-law partner would, but for this paragraph, be liable to pay an amount under this Act by virtue of subsection 160(1), the spouse’s or common-law partner’s liability in respect of that amount shall be deemed to have been discharged on February 16, 1984, but nothing in this subsection shall operate to reduce the taxpayer’s liability under any other provision of this Act. Anti-avoidance rules
d) si la part d’une personne ou société de personnes du revenu ou du capital accumulés d’une fiducie dans laquelle elle détient une participation à titre de bénéficiaire est fonction de l’exercice ou de l’absence d’exercice, par une personne (appelée « fiduciaire » au présent alinéa), d’un pouvoir discrétionnaire, le fiduciaire est réputé avoir exercé entièrement ce pouvoir, ou avoir fait défaut de l’exercer, selon le cas; e) si un ou plusieurs des enfants visés : (i) au sous-alinéa (2.31)(f)(i), ont disposé ou ont donné lieu à la disposition de toutes les actions du capital-actions de l’acheteur, de la société en cause ou de toutes les entités pertinentes du groupe en faveur d’une personne ou d’un groupe de personnes sans lien de dépendance, les conditions visées aux alinéas (2.31)(f) et (g) sont réputées avoir été remplies au moment de la disposition pourvu que toutes les participations dans toutes les entreprises pertinentes détenues, directement ou indirectement, par chaque enfant visé à l’alinéa (2.31)(f)(i), soient incluses dans la disposition, (ii) au sous-alinéa (2.32)(g)(i), ont disposé ou ont donné lieu à la disposition de toutes les actions du capital-actions de l’acheteur, de la société en cause ou de toutes les entités pertinentes du groupe en faveur d’une personne ou d’un groupe de personnes sans lien de dépendance, les conditions visées aux alinéas (2.32)(g) et (h) sont réputées avoir été remplies au moment de la disposition pourvu que toutes les participations dans toutes les entreprises pertinentes détenues, directement ou indirectement, par chaque enfant visé à l’alinéa (2.32)(g)(i), soient incluses dans la disposition; f) si un ou plusieurs des enfants visés : (i) au sous-alinéa (2.31)(f)(i), ont disposé ou ont donné lieu à la disposition de toute action du capital-actions de l’acheteur, de la société en cause ou des entités pertinentes du groupe en faveur d’un autre enfant ou groupe d’enfants (appelé « nouvel enfant » ou « nouveaux enfants » au présent alinéa), les conditions des alinéas (2.31)(f) et (g) sont réputées : (A) avoir été remplies au moment de la disposition, (B) continuer de s’appliquer au nouvel enfant (ou aux nouveaux enfants) et les autres membres du groupe d’enfants qui contrôle la société en cause et l’acheteur au moment de la disposition; (ii) au sous-alinéa (2.32)(g)(i) ont disposé ou ont donné lieu à la disposition de toute action du capital-actions de l’acheteur, de la société en cause ou des entités pertinentes du groupe en faveur d’un autre enfant ou groupe d’enfants du contribuable (appelés « nouvel enfant » ou « nouveaux enfants » au présent alinéa), les conditions des alinéas (2.32)(g) et h) sont réputées : (A) avoir été remplies au moment de la disposition, (B) continuer de s’appliquer au nouvel enfant (ou aux nouveaux enfants) et les autres membres du groupe d’enfants qui contrôlent la société en cause et l’acheteur au moment de la disposition; g) si un ou chacun des enfants visés : (i) au sous-alinéa (2.31)(f)(ii) est décédé ou a subi, après la disposition des actions concernées, une ou plusieurs déficiences graves et prolongées des fonctions physiques ou mentales, les conditions prévues aux alinéas (2.31)(f) et g) sont réputées avoir été remplies au moment du décès ou de la déficience physique ou mentale; (ii) au sous-alinéa (2.32)(g)(ii) est décédé ou a subi, après la disposition des actions concernées, une ou plusieurs déficiences graves et prolongées des fonctions physiques ou mentales, les conditions prévues aux alinéas (2.32)(g) et h) sont réputées avoir été remplies au moment du décès ou de la déficience physique ou mentale; h) si une entreprise d’une société en cause ou une entité pertinente du groupe a cessé d’être exploitée en raison de la disposition de tous les éléments d’actif qui servaient à l’exploitation de l’entreprise en acquittement des dettes dues aux créanciers de la société ou de l’entité, les conditions énoncées, relativement à l’entreprise, aux alinéas (2.31)(f)(ii) et (iii) et (2.31)(g)(i) ou (2.32)(g)(ii) et (iii) et (2.32)(h)(i), selon le cas, sont réputées avoir été remplies au moment de la disposition; i) pour l’application des alinéas (2.31)(g) et (2.32)(h), la gestion renvoie à la direction ou supervision des activités de l’entreprise, mais n’inclut pas la prestation de conseils. Transferts intergénérationnels d’entreprises immédiats (2.31) L’alinéa (2)(e) s’applique au moment de la disposition d’actions concernées (appelé « moment de la disposition » au présent paragraphe) par un contribuable à faveur d’un acheteur si les conditions ci-après sont remplies : a) le contribuable n’a jamais demandé après 2023 d’exception à l’application du paragraphe (1) en vertu de l’alinéa (2)e) relativement à la disposition d’actions dont la valeur, à ce moment, découle d’une entreprise exploitée activement qui est pertinente pour déterminer si les actions concernées remplissent la condition énoncée au sous-alinéa b)(iii); b) au moment de la disposition, à la fois : (i) le contribuable est un particulier (autre qu’une fiducie), (ii) l’acheteur est contrôlé par un ou plusieurs enfants (au sens de l’alinéa (2.3)a), appelés « enfant » ou « enfants » au présent paragraphe) du contribuable, dont chacun est âgé de 18 ans ou plus, et (iii) les actions concernées sont des actions admissibles de petite entreprise ou des actions du capital-actions d’une société agricole ou de pêche familiale (au sens des paragraphes 110.6(1)); c) à tout moment postérieur au moment de la disposition, le contribuable, seul ou avec son époux ou conjoint de fait, ne contrôle pas directement ou indirectement, de quelque manière que ce soit, selon le cas : (i) la société en cause, (ii) l’acheteur, (iii) toute autre personne ou société de personnes (appelées « entité pertinente du groupe » au présent paragraphe) qui exploite, au moment de la disposition, une entreprise exploitée activement (appelée « entreprise pertinente » au présent paragraphe) qui est pertinente pour déterminer si les actions concernées remplissent la condition énoncée au sous-alinéa b)(iii); d) à tout moment postérieur au moment de la disposition, le contribuable, seul ou avec son époux ou conjoint de fait, ne possède pas, directement ou indirectement, selon le cas : (i) 50 % ou plus d’une catégorie d’actions, sauf des actions d’une catégorie exclue au sens du paragraphe 256.1(1) (appelées « actions privilégiées sans droit de vote » au présent paragraphe), du capital-actions de la société en cause ou de l’acheteur, (ii) 50 % ou plus d’une catégorie de participations (sauf des actions privilégiées sans droit de vote) dans une entité pertinente du groupe; e) dans les trente-six mois suivant le moment de la disposition et à tout moment postérieur, le contribuable et son époux ou conjoint de fait ne possèdent, directement ou indirectement, selon le cas : (i) aucune action, sauf des actions privilégiées sans droit de vote des actions de la société en cause ou de l’acheteur, (ii) aucune participation (sauf des actions privilégiées sans droit de vote) dans une entité pertinente du groupe; f) sous réserve du paragraphe (2.3), au cours des trente-six mois suivant le moment de la disposition, à la fois : (i) l’enfant ou le groupe d’enfants, selon le cas, contrôle l’acheteur, (ii) l’enfant ou au moins un membre du groupe d’enfants, selon le cas, participe activement de façon régulière, continue et importante (au sens de l’alinéa 120.4(1.1)a)) à une entreprise pertinente de la société en cause ou d’une entité pertinente du groupe, (iii) chaque entreprise pertinente de la société en cause et de toute entité pertinente du groupe est exploitée en tant qu’entreprise exploitée activement; g) sous réserve du paragraphe (2.3), dans les trente-six mois suivant le moment de la disposition ou toute période plus longue étant raisonnable dans les circonstances, le contribuable et son époux ou conjoint de fait prennent des mesures raisonnables pour, à la fois : (i) transférer la gestion de chaque entreprise pertinente de la société en cause et de toute entité pertinente du groupe à l’enfant ou à au moins l’un des membres du groupe d’enfants visés au sous-alinéa f)(ii), (ii) cesser de façon permanente de gérer chaque entreprise pertinente de la société en cause et de toute entité pertinente du groupe; h) le contribuable et l’enfant, ou le contribuable et chaque membre du groupe d’enfants, remplissent les conditions suivantes : Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of subsections (1) to (4), if a person (referred to in this section as the “transferor”) has transferred property either directly or indirectly, by means of a trust or by any other means whatever to another person (referred to in this section as the “transferee”) in a transaction or as part of a series of transactions (a) the transferor is deemed to not be dealing at arm’s length with the transferee at all times in the transaction or series of transactions if (i) at any time during the period beginning immediately prior to the transaction or series of transactions and ending immediately after the transaction or series of transactions, the transferor and transferee do not deal at arm’s length, and (ii) it is reasonable to conclude that one of the purposes of undertaking or arranging the transaction or series of transactions is to avoid joint and several, or solidary, liability of the transferee and transferor for an amount payable under this Act; (b) an amount that the transferor is liable to pay under this Act (including, for greater certainty, an amount that the transferor is liable to pay under this section, regardless of whether the Minister has made an assessment under subsection (2) for that amount) is deemed to have become payable in the taxation year in which the property was transferred if it is reasonable to conclude that one of the purposes for the transfer of property is to avoid the payment of a future amount payable under this Act by the transferor or transferee; and (c) the amount determined under subparagraph (1)(e)(i) is deemed to be the greater of (i) the amount otherwise determined under that subparagraph without reference to this paragraph, and (ii) the amount determined by the formula A is the fair market value of the property at the time of the transfer, and (A) the lowest fair market value of the consideration (that is held by the transferor) given for the property at any time during the period beginning immediately prior to the transaction or series of transactions and ending immediately after the transaction or series of transactions, (B) if the consideration is in a form that is cancelled or extinguished during the period referred to in clause (A), (I) the amount that is the lowest of the amount determined in clause (A) and the fair market value during the period of any property, other than property that is cancelled or extinguished during the period, that is substituted for the consideration referred to in clause (A), or (II) if there is no property that is substituted for the consideration referred to in clause (A), other than property cancelled or extinguished during the period, nil.
Impôt sur le revenu
gross entitlements of a person at any time, in respect of a planning activity of the person, means all amounts to which the person, or another person not dealing at arm’s length with the person, is entitled, either before or after that time and either absolutely or contingently, to receive or obtain as a result of the activity. (droits à paiement) person includes a partnership. (personne) planning activity has the same meaning as in subsection 163.2(1). (activité de planification) section 160 avoidance planning by a person, means planning activity in respect of a transaction or series of transactions that (a) is, or is part of, a section 160 avoidance transaction; and (b) one of the purposes of the transaction or series of transactions is to (i) reduce a transferee’s joint and several, or solidary, liability for tax owing under this Act by the transferor (or that would be owing by the transferor if not for a tax attribute transaction), or section 160 avoidance transaction means a transaction or series of transactions in respect of which (a) the conditions set out in paragraph 160(5)(a) or (b) are met; or tax attribute means a balance, pool or other amount determined under this Act that is or may be relevant in computing income or in determining a taxpayer’s liability for tax under this Act in any taxation year and includes (a) a capital loss, non-capital loss, restricted farm loss, farm loss and limited partnership loss; (b) an amount that is deductible in computing a person’s income; (c) any balance of undeducted outlays, expenses or other amounts; (f) an amount deductible from an amount otherwise payable under this Act; and (g) an amount that is deemed to have been remitted as an amount payable under this Act. (attribut fiscal) tax attribute transaction means a transaction or series of transactions in which a tax attribute — of a person that dealt at arm’s length with a transferor or transferee immediately before the transaction or series of transactions — is used, directly or indirectly, to provide a tax benefit for the transferor or transferee (or, if either the transferor or transferee is amalgamated with another corporation, the new corporation within the meaning assigned by subsection 87(1)). (opération d’attribut fiscal) tax benefit has the same meaning as in subsection 163.2(1). (avantage fiscal) transferee has the meaning assigned by subsections 160(1) and (5). (bénéficiaire du transfert) transferor has the meaning assigned by subsections 160(1) and (5). (auteur du transfert)
Every person that engages in, participates in, assents to or acquiesces in planning activity that they know is section 160 avoidance planning, or would reasonably be expected to know is section 160 avoidance planning, but for circumstances amounting to gross negligence is liable to a penalty that is the lesser of (a) 50% of the amount payable under this Act (determined without reference to this subsection), the joint and several, or solidary, liability for which was sought to be avoided through the planning, and (b) the total of $100,000 and the person’s gross entitlements at the time at which the notice of assessment of the penalty is sent to the person in respect of the planning. Clerical or secretarial services
Subsection (2) does not apply to a person solely because the person provided clerical services or secretarial services with respect to the planning. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2022, c. 19, s. 38.
(a) the excess shall be deemed to be an amount that became payable by the taxpayer on the day on which the amount was refunded; and (b) the taxpayer shall pay to the Receiver General interest at the prescribed rate on the excess (other than any portion of the excess that can reasonably be considered to arise as a consequence of the operation of section 122.5, 122.61, 122.7 or 122.8) from the day it became payable to the date of payment. (1.1) If a person is a qualified relation of an individual (within the meaning assigned by subsection 122.5(1)), in relation to one or more months specified for a taxation year, the person and the individual are jointly and severally, or solidarily, liable to pay the lesser of (a) any excess described in subsection (1) that was refunded in respect of the taxation year to, or applied to a liability of, the individual as a consequence of the operation of section 122.5, and (b) the total of the amounts deemed by subsection 122.5(3), 0.002) or (3.003) to have been paid by the individual during those specified months. Liability for refund — Climate Action Incentive (1.2) If a person is a qualified relation of an individual (within the meaning assigned by subsection 122.8(1)), in relation to one or more months specified for a taxation year, the person and the individual are jointly and severally, or solidarily, liable to pay the lesser of (a) any excess described in subsection (1) that was refunded in respect of the taxation year to, or applied to a liability of, the individual as a consequence of the operation of section 122.8; and (b) the total of the amounts deemed by subsection 122.8(4) to have been paid by the individual during those specified months. Liability under other provisions
(i) ils font un choix conjoint d’appliquer l’alinéa (2)e), sur le formulaire prescrit, relativement à la disposition des actions concernées, (ii) ils produisent le choix auprès du ministre au plus tard à la date d’échéance de production du contribuable pour l’année d’imposition qui comprend le moment de la disposition. Transfert intergénérationnel d’entreprises progressif (2.32) L’alinéa (2)e) s’applique au moment de la disposition d’actions concernées (appelé « moment de la disposition » au présent paragraphe) par un contribuable en faveur d’un acheteur si les conditions ci-après sont remplies : a) le contribuable n’a jamais demandé après 2023 d’exception à l’application du paragraphe (1) conformément à l’alinéa (2)e) relativement à la disposition d’actions dont la valeur, à ce moment, découle d’une entreprise exploitée activement pertinente pour déterminer si les actions concernées remplissent la condition énoncée au sous-alinéa b)(iii); b) au moment de la disposition, à la fois : (i) le contribuable est un particulier (autre qu’une fiducie), (ii) l’acheteur est contrôlé par un ou plusieurs enfants (au sens de l’alinéa (2.3)a), appelé « enfant » ou « enfants » au présent paragraphe) du contribuable, dont chacun est âgé de 18 ans ou plus, (iii) les actions concernées sont des actions admissibles de petite entreprise ou des actions du capital-actions d’une société agricole ou de pêche familiale (au sens du paragraphe 110.6(1)); c) à tout moment après le moment de la disposition, le contribuable, seul ou avec son époux ou conjoint de fait, ne contrôle pas, selon le cas : (i) la société en cause, (ii) l’acheteur, (iii) toute personne ou société de personnes (appelées « entité pertinente du groupe » au présent paragraphe) qui exploite, au moment de la disposition, une entreprise exploitée activement pertinente (appelée « entreprise pertinente » au présent paragraphe) qui est pertinente pour déterminer si les actions concernées remplissent la condition énoncée au sous-alinéa b)(iii); Income Tax PART I Income Tax DIVISION B Computation of Income
Subsections (1.1) and (1.2) do not limit a person’s liability under any other provision of this Act. Liability for refunds by reason of section 122.61 (2.1) If a person was a cohabiting spouse or common-law partner (within the meaning assigned by section 122.6) of an individual at the end of a taxation year, the person and the individual are jointly and severally, or solidarily, liable to pay any excess described in subsection (1) that was refunded in respect of the year to, or applied to a liability of, the individual as a consequence of the operation of section 122.61 if the person was the individual’s cohabiting spouse or common-law partner at the time the excess was refunded, but nothing in this subsection is deemed to limit the liability of any person under any other provision of this Act. Liability for excess refunds under section 126.1 to partners (2.2) Every taxpayer who, on the day on which an amount has been refunded to, or applied to the liability of, a member of a partnership as a consequence of the operation of subsection 126.1(7) or (13) in excess of the amount to which the member was so entitled, is a member of that partnership is jointly and severally, or solidarily, liable with each other taxpayer who on that day is a member of the partnership to pay the excess and to pay interest on the excess, but nothing in this subsection is deemed to limit the liability of any person under any other provision of this Act. Assessment
Impôt sur le revenu
The Minister may at any time assess a taxpayer in respect of any amount payable by the taxpayer because of any of subsections (1) to (1.2) or for which the taxpayer is liable because of subsection (2.1) or (2.2), and the provisions of this Division (including, for greater certainty, the provisions in respect of interest payable) apply, with any modifications that the circumstances require, in respect of an assessment made under this section, as though it were made under section 152 in respect of taxes payable under this Part, except that no interest is payable on any amount assessed in respect of an excess referred to in subsection (1) that can reasonably be considered to arise as a consequence of the operation of section 122.5, 122.61, 122.7 or 122.8. Where amount applied to liability
Where an amount is applied to a liability of a taxpayer to Her Majesty in right of Canada in excess of the amount to which the taxpayer is entitled as a refund under this Act, this section applies as though that amount had been refunded to the taxpayer on the day it was so applied. Joint and several liability in respect of amounts received out of or under RRSP (a) an amount is received out of or under a registered retirement savings plan by a taxpayer other than an annuitant (within the meaning assigned by subsection 146(1)) under the plan, and (b) that amount or part thereof would, but for paragraph (a) of the definition benefit in subsection 146(1), be received by the taxpayer as a benefit (within the meaning assigned by that definition), the taxpayer and the last annuitant under the plan are jointly and severally, or solidarily, liable to pay a part of the annuitant’s tax under this Part for the year of the annuitant’s death equal to that proportion of the amount by which the annuitant’s tax for the year is greater than it would have been if it were not for the operation of subsection 146(8.8) that the total of all amounts each of which is an amount determined under paragraph (b) in respect of the taxpayer is of the amount included in computing the annuitant’s income because of that subsection, but nothing in this subsection limits the liability of the annuitant under any other provision of this Act or of the taxpayer for the interest that the taxpayer is liable to pay under this Act on an assessment in respect of the amount that the taxpayer is liable to pay because of this subsection. Joint and several liability in respect of amounts received out of or under RRIF (a) an amount is received out of or under a registered retirement income fund by a taxpayer other than an annuitant (within the meaning assigned by subsection 146.3(1)) under the fund, and (b) that amount or part thereof would, but for paragraph 146.3(5)(a), be included in computing the taxpayer’s income for the year of receipt pursuant to subsection 146.3(5), the taxpayer and the annuitant are jointly and severally, or solidarily, liable to pay a part of the annuitant’s tax under this Part for the year of the annuitant’s death equal to that proportion of the amount by which the annuitant’s tax for the year is greater than it would have been if it were not for the operation of subsection 146.3(6) that the amount determined under paragraph (b) is of the amount included in computing the annuitant’s income because of that subsection, but nothing in this subsection limits the liability of the annuitant under any other provision of this Act or of the taxpayer for the interest that the taxpayer is liable to pay under this Act on an assessment in respect of the amount that the taxpayer is liable to pay because of this subsection. Joint and several liability in respect of a qualifying trust annuity (2.1) If a taxpayer is deemed by section 75.2 to have received at any time an amount out of or under an annuity that is a qualifying trust annuity with respect to the DIVISION I Returns, Assessments, Payment and Appeals taxpayer, the taxpayer, the annuitant under the annuity and the policyholder are jointly and severally, or solidarily, liable to pay the part of the taxpayer’s tax under this Part for the taxation year of the taxpayer that includes that time that is equal to the amount, if any, determined by the formula A is the amount of the taxpayer’s tax under this Part for that taxation year; and B is the amount that would be the taxpayer’s tax under this Part for that taxation year if no amount were deemed by section 75.2 to have been received by the taxpayer out of or under the annuity in that taxation year. No limitation on liability (a) the liability of the taxpayer referred to in that subsection under any other provision of this Act; nor (b) the liability of an annuitant or policyholder referred to in that subsection for the interest that the annuitant or policyholder is liable to pay under this Act on an assessment in respect of the amount that the annuitant or policyholder is liable to pay because of that subsection. Assessment
The Minister may at any time assess a taxpayer in respect of any amount payable because of this section, and the provisions of this Division (including, for greater certainty, the provisions in respect of interest payable) apply, with any modifications that the circumstances require, in respect of an assessment made under this section as though it had been made under section 152 in respect of taxes payable under this Part.
If a taxpayer and an annuitant or holder have, by virtue of subsection (1), (2) or (2.3), become jointly and severally, or solidarily, liable in respect of part or all of a liability of the annuitant or holder under this Act, the following rules apply: (a) a payment by the taxpayer on account of the taxpayer’s liability shall to the extent thereof discharge their liability; but (b) a payment by the annuitant or holder on account of the liability of the annuitant or holder discharges the taxpayer’s liability only to the extent that the payment operates to reduce the liability of the annuitant or holder to an amount less than the amount in respect of which the taxpayer was, by subsection (1), (2) or (2.3), as the case may be, made jointly and severally, or solidarily, liable. Rules applicable — qualifying trust annuity
d) à tout moment postérieur au moment de la disposition, le contribuable, seul ou avec son époux ou conjoint de fait, ne possède pas, directement ou indirectement, selon le cas : (i) 50 % ou plus d’une catégorie d’actions, sauf des actions d’une catégorie exclue au sens du paragraphe 256.1(1) (appelées « actions privilégiées sans droit de vote » au présent paragraphe), du capital-actions de la société en cause ou de l’acheteur, (ii) 50 % ou plus d’une catégorie de participations (sauf des participations privilégiées sans droit de vote) dans une entité pertinente du groupe; e) dans les trente-six mois suivant le moment de la disposition et à tout moment postérieur, le contribuable et son époux ou conjoint de fait ne possèdent, directement ou indirectement, selon le cas : (i) aucune action, sauf des actions privilégiées sans droit de vote du capital-actions de la société en cause ou de l’acheteur, (ii) aucune participation (sauf des participations privilégiées sans droit de vote) dans une entité pertinente du groupe; f) dans les 10 ans suivant le moment de la disposition (appelé « moment de la vente finale » au présent paragraphe) et à tout moment postérieur au moment de la vente finale, le contribuable et son époux ou conjoint de fait ne possèdent pas, directement ou indirectement : (i) dans le cas d’une disposition d’actions concernées qui sont, au moment de la disposition, des actions du capital-actions d’une société agricole ou de pêche familiale (au sens du paragraphe 110.6(1)), des intérêts (y compris des dettes ou participations) dans la société en cause, l’acheteur et toute entité pertinente du groupe ayant une juste valeur marchande qui excède 50 % de la juste valeur marchande de tous les intérêts qui étaient détenus, directement ou indirectement, par le contribuable et son époux ou conjoint de fait immédiatement avant le moment de la disposition, (ii) dans le cas d’une disposition d’actions concernées qui sont, au moment de la disposition, des actions admissibles de petite entreprise au sens du paragraphe 110.6(1) (sauf des actions concernées visées au sous-alinéa (i)), des intérêts (y compris des dettes ou participations) dans la société en cause, l’acheteur et toute entité pertinente du g) sous réserve du paragraphe (2.3), à compter du moment de la disposition et jusqu’au dernier en date de soixante mois après le moment de la disposition et le moment de la vente finale, à la fois : (i) l’enfant ou le groupe d’enfants, selon le cas, contrôle l’acheteur, (ii) l’enfant ou au moins un membre du groupe d’enfants, selon le cas, participe activement, de façon régulière, continue et importante (au sens de l’alinéa 120.4(1.1)a)) à une entreprise pertinente de la société en cause ou d’une entité pertinente du groupe, (iii) chaque entreprise pertinente de la société en cause et de toute entité pertinente du groupe est exploitée activement; h) sous réserve du paragraphe (2.3), dans les soixante mois suivant le moment de la disposition ou toute période plus longue étant raisonnable dans les circonstances, le contribuable et son époux ou conjoint de fait prennent des mesures raisonnables pour, à la fois : (i) transférer la gestion de chaque entreprise pertinente de la société en cause et de toute entité pertinente du groupe à l’enfant ou à au moins l’un des membres du groupe d’enfants visés au sous-alinéa g)(ii), (ii) cesser de façon permanente de gérer chaque entreprise pertinente de la société en cause et de toute entité pertinente du groupe; i) le contribuable et l’enfant, ou le contribuable et chaque membre du groupe d’enfants, remplissent les conditions suivantes : (i) ils font un choix conjoint d’appliquer l’alinéa (2)e), sur le formulaire prescrit, relativement à la disposition des actions concernées, (ii) ils produisent le choix auprès du ministre au plus tard à la date d’échéance de production du contribuable pour l’année d’imposition qui comprend le moment de la disposition. exceeds [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 84.1; 1987, c. 46, Sch. I, s. 63; Sch. VIII, s. 34; 1988, c. 19, s. 115; 2000, c. 12, s. 142; 2001, c. 17, s. 96; 2021, c. 21, s. 2; 2024, c. 15, s. 17. Majoration du capital versé
If an annuitant or policyholder has, because of subsection (2.1), become jointly and severally, or solidarily, liable with a taxpayer in respect of part or all of a liability of the taxpayer under this Act, the following rules apply: (a) a payment by the annuitant on account of the annuitant’s liability, or by the policyholder on account of the policyholder’s liability, shall to the extent of the payment discharge their liability; but (b) a payment by the taxpayer on account of the taxpayer’s liability only discharges the annuitant’s and the policyholder’s liability to the extent that the payment operates to reduce the taxpayer’s liability to an amount less than the amount in respect of which the annuitant and the policyholder were, by subsection (2.1), made liable. Joint and several liability — registered disability savings plan
Le moindre des montants suivants doit être ajouté dans le calcul du capital versé, à un moment donné postérieur au 22 mai 1985, au titre d’une catégorie d’actions du capital-actions d’une société : a) l’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le total des montants dont chacun représente un montant réputé en vertu du paragraphe 84(3), (4) ou (4.1) être un dividende sur des actions de cette catégorie que la société a versé après le 22 mai 1985 et avant le moment donné, (ii) le total de ces dividendes, calculé selon le sous-alinéa (i), compte non tenu de l’alinéa (1)a); b) le total des montants à déduire selon l’alinéa (1)a) à l’égard de cette catégorie d’actions après le 22 mai 1985 et avant le moment donné. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent codifié; voir les lois modificatives pertinentes.] L.R. (1985), ch. 1 (5e suppl.), art. 84.1; 1987, ch. 46, ann. I, art. 63; ann. VIII, art. 34; 1988, ch. 19, art. 115; 2000, ch. 12, art. 142; 2001, ch. 17, art. 96; 2021, ch. 21, art. 2; 2024, ch. 15, art. 17. Calcul du capital versé d’une catégorie donnée d’actions
A is the amount of the taxpayer’s tax under this Part for that taxation year; and B is the amount that would be the taxpayer’s tax under this Part for that taxation year if no disability assistance payment were deemed by subsection 146.4(10) to have been paid from the plan at the particular time. No limitation on liability (a) the liability of the taxpayer referred to in that subsection under any other provision of this Act, nor (b) the liability of any holder referred to in that subsection for the interest that the holder is liable to pay under this Act on an assessment in respect of the amount that the holder is liable to pay because of that subsection. Rules applicable — registered disability savings plans
a) il doit être déduit la fraction de l’excédent éventuel du capital versé à l’égard de toutes les actions émises du capital-actions de la société au 1er avril 1977, déterminé compte non tenu des présentes dispositions, sur le plus élevé des montants suivants : (i) le montant du plafond du capital versé de la société qui aurait été déterminé le 31 mars 1977 si l’alinéa 89(1)d) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, dans sa version à cette date, n’avait pas tenu compte de la division 89(1)d)(iv.1)(F) ni des sous-alinéas autres que les sous-alinéas 89(1)d)(iv.1) et (vii), (ii) le plafond du capital versé de la société au 31 mars 1977, qui est représentée par le rapport entre, d’une part, le capital versé au 1er avril 1977, déterminé compte non tenu du présent article, à l’égard de la catégorie exceeds Debt deficiency Idem (a) subsection 84.2(2) shall not apply in respect of the debt; and donnée d’actions et, d’autre part, le capital versé au 1er avril 1977, déterminé compte non tenu du présent article, à l’égard de toutes les actions émises du capital-actions de la société qui sont en circulation; b) il doit être ajouté un montant égal au moindre des montants suivants : (i) l’excédent éventuel du total visé à la division (A) sur le total visé à la division (B): (A) le total de tous les montants dont chacun représente un montant qui est réputé être, en vertu des paragraphes 84(3) ou (4), un dividende sur des actions de la catégorie donnée versé par la société, après le 31 mars 1977 et avant le moment donné, (B) le total qui serait déterminé en vertu de la division (A), compte non tenu de l’alinéa a), (ii) le montant qui doit être déduit, en vertu de l’alinéa a), dans le calcul du capital versé des actions de la catégorie donnée. Insuffisance de la créance
Where a holder (as defined in subsection 146.4(1)) of a registered disability savings plan has, because of subsection (1), become jointly and severally, or solidarily, liable with a taxpayer in respect of part or all of a liability of the taxpayer under this Act, the following rules apply: (a) a payment by the holder on account of the holder’s liability shall to the extent of the payment discharge the holder’s liability, but (b) a payment by the taxpayer on account of the taxpayer’s liability only discharges the holder’s liability to the extent that the payment operates to reduce the taxpayer’s liability to an amount less than the amount in respect of which the holder was, by subsection (1), made liable. Assessment
Dans le calcul, après le 31 mars 1977, du prix de base rajusté de la créance, pour un particulier, dont une société était redevable au 31 mars 1977, il faut déduire le montant de tout dividende qu’il serait réputé avoir reçu à cette date si la société s’était entièrement acquittée de la dette à cette date. Idem
The Minister may at any time assess a taxpayer in respect of any amount payable because of this section under the provisions of this Division (including, for greater certainty, the provisions in respect of interest payable) apply, with any modifications that the circumstances require, in respect of an assessment made under this section as though it had been made under section 152 in respect of taxes payable under this Part. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2007, c. 35, s. 118. Liability in respect of amounts received out of or under RCA trust
Lorsque, après le 31 mars 1977 et avant 1979, toute dette, visée au paragraphe (2) dont une société est redevable à un particulier au 31 mars 1977 et sans interruption après cette date jusqu’au moment de la conversion, est convertie en actions d’une catégorie donnée du capital-actions de la société : a) le paragraphe (2) ne s’applique pas à cette dette; b) dans le calcul du capital versé à l’égard des actions de la catégorie donnée à un moment donné après la conversion : (i) il doit être déduit le montant qui aurait, sans l’alinéa a), été retranché du prix de base rajusté de la créance pour le contribuable en vertu du paragraphe (2), (ii) il doit être ajouté un montant égal au moindre des montants suivants : exceeds [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1974-75-76, c. 26, s. 42; 1977-78, c. 1, s. 39, c. 32, s. 20. (A × B/C) + D where
that would be the taxpayer's tax for the year if the amount had not been received, but nothing in this subsection limits the liability of the taxpayer under any other provision of this Act or of the person for the interest that the person is liable to pay under this Act on an assessment in respect of the amount that the person is liable to pay because of this subsection. Assessment
c.1) lorsque le bien était un bien à porter à l’inventaire, une immobilisation (sauf un bien amortissable d’une catégorie prescrite), un second fonds du compte de stabilisation du revenu net ou un bien qui est un bien admissible par l’effet des alinéas (1.1)g) ou (1.1)g.1) et que la somme convenue entre le contribuable et la société dans le choix qu’ils ont fait relativement au bien est inférieure au moindre des deux montants suivants : (i) la juste valeur marchande du bien au moment de la disposition, (ii) le coût indiqué du bien, supporté par le contribuable, au moment de la disposition, la somme ainsi convenue entre eux est, quel qu’en soit le montant effectivement convenu, réputée être égale au moindre des montants visés aux sous-alinéas (i) et (ii);
The Minister may at any time assess a person in respect of any amount payable because of this section, and the provisions of this Division (including, for greater certainty, the provisions in respect of interest payable) apply, with any modifications that the circumstances require, in respect of an assessment made under this section as though it had been made under section 152 in respect of taxes payable under this Part.
c.2) sous réserve des alinéas b) et c) et malgré l’alinéa c.1), lorsque le contribuable exploite une entreprise agricole dont le revenu est calculé selon la méthode de comptabilité de caisse et que le bien consistait en des biens à porter à l’inventaire dont la propriété était détenue dans le cadre de cette entreprise immédiatement avant la disposition du bien en faveur de la société : (i) la somme convenue entre le contribuable et la société dans leur choix concernant les biens à porter à l’inventaire achetés par le contribuable est réputée égale au résultat du calcul suivant : (A × B/C) + D où : A représente le montant qui serait inclus en application de l’alinéa 28(1)c) dans le calcul du revenu du contribuable pour sa dernière année d’imposition commençant avant la disposition si cette année se terminait immédiatement avant la disposition, B la valeur, déterminée en conformité avec le paragraphe 28(1.2), pour le contribuable, immédiatement avant la disposition, des biens à porter à l’inventaire achetés et visés par le choix, C la valeur, déterminée en conformité avec le paragraphe 28(1.2), de l’ensemble des biens à porter à l’inventaire du contribuable, qu’il a achetés et dont il était propriétaire dans le cadre de cette entreprise immédiatement avant la disposition, D tout montant supplémentaire désigné par le contribuable et la société relativement au bien, D (d) to (d.12) [Repealed, 2016, c. 12, s. 26] (ii) pour l’application du sous-alinéa 28(1)a)(i), la disposition du bien et la réception du produit de disposition y afférent sont réputées s’être produites au moment de la disposition dans le cadre de l’exploitation de l’entreprise, (iii) pour l’application de l’article 28, lorsque la société est propriétaire du bien dans le cadre d’une entreprise agricole et que le revenu tiré de cette entreprise est calculé selon la méthode de comptabilité de caisse, les présomptions suivantes s’appliquent : (A) un montant égal au coût du bien pour la société est réputé avoir été payé par la société au moment de la disposition et dans le cadre de l’exploitation de cette entreprise, (B) la société est réputée avoir acheté le bien pour un montant égal à ce coût au moment de la disposition et dans le cadre de l’exploitation de cette entreprise; d) à d.12) [Abrogés, 2016, ch. 12, art. 26] e) lorsque le bien était un bien amortissable d’une catégorie prescrite du contribuable et que le montant qui, sans le présent alinéa, représenterait le produit de disposition de ce bien est inférieur au moins élevé des montants suivants : (i) la fraction non amortie du coût en capital que le contribuable a attribuée à tous les biens de cette catégorie immédiatement avant la disposition, (ii) le coût du bien supporté par le contribuable, (iii) la juste valeur marchande du bien au moment de la disposition, la somme convenue entre le contribuable et la société dans le choix qu’ils ont fait relativement au bien est, quel qu’en soit le montant effectivement convenu ainsi entre eux, réputée être égale au moins élevé des montants visés aux sous-alinéas (i) à (iii); e.1) lorsqu’il est disposé en même temps de plusieurs biens qui sont tous des biens visés à l’alinéa e), l’alinéa e) s’applique comme s’il avait été disposé de chacun d’eux séparément, dans l’ordre désigné par le contribuable avant le moment prévu au paragraphe (6) pour la présentation d’un choix à l’égard de ces biens ou, le contribuable n’a pas ainsi désigné cet ordre, dans l’ordre désigné par le ministre; (e.4) where e.2) en cas d’excédent de la juste valeur marchande du bien immédiatement avant la disposition sur le plus élevé des montants suivants : (i) la juste valeur marchande, immédiatement après la disposition, de la contrepartie reçue par le contribuable pour le bien dont il a disposé, (ii) la somme convenue entre le contribuable et la société dans le choix qu’ils ont fait relativement au bien, déterminée compte non tenu du présent alinéa, s’il est raisonnable de considérer une partie de cet excédent comme un avantage que le contribuable a voulu conférer à une personne qui lui est liée, à l’exclusion d’une société qui est une filiale à cent pour cent du contribuable immédiatement après la disposition, la somme convenue entre le contribuable et la société dans le choix qu’ils ont fait relativement au bien est, quelle que soit la somme effectivement convenue, réputée, sauf pour l’application des alinéas g) et h), être le total de la somme effectivement convenue et de cette partie de l’excédent; e.3) lorsque, en vertu de l’un des alinéas c.1) et e), la somme convenue entre le contribuable et la société dans le choix qu’ils ont fait relativement au bien (appelée la somme choisie au présent alinéa) serait réputée être supérieure ou inférieure à celle qui serait réputée, sous réserve de l’alinéa b), être la somme choisie en vertu de l’alinéa b), la somme choisie est réputée être égale au plus élevé des montants suivants : (i) la somme réputée, par l’alinéa c.1) ou e), selon le cas, être la somme choisie, (ii) la somme réputée, par l’alinéa b), être la somme choisie; e.4) si le bien est un bien amortissable d’une catégorie prescrite du contribuable et une voiture de tourisme dont le coût, pour le contribuable, est supérieur à 20 000 $ ou au montant qui peut être fixé par règlement et si le contribuable et la société ont un lien de dépendance, la somme convenue entre le contribuable et la société dans le choix qu’ils ont fait relativement au bien est réputée être un montant égal à la fraction non amortie du coût en capital de la catégorie, pour le contribuable, juste avant la disposition; toutefois, pour l’application du paragraphe (6.2), le coût de la voiture pour la société est réputé égal à sa juste valeur marchande juste avant la disposition; e.5) si le bien est un bien amortissable d’une catégorie prescrite du contribuable et une voiture de tourisme zéro émission visée à l’alinéa 13(7)i) et que le contribuable et la société ont un lien de dépendance : (i) la somme convenue entre le contribuable et la société dans le choix qu’ils ont fait relativement à la voiture est réputée correspondre au coût indiqué pour le contribuable de la voiture, immédiatement avant la disposition, (ii) pour l’application du paragraphe 6(2), le coût de la voiture pour la société est réputé correspondre à sa juste valeur marchande immédiatement avant la disposition; f) le coût, supporté par le contribuable, d’un bien particulier (autre qu’une action du capital-actions de la société ou le droit d’en recevoir) qu’il a reçu en contrepartie de la disposition, est réputé être égal au moins élevé des montants suivants : (i) la juste valeur marchande du bien particulier au moment de la disposition, (ii) la proportion de la juste valeur marchande, au moment de la disposition, des biens (autres que des actions du capital-actions de la société ou le droit d’en recevoir) que le contribuable a reçu en contrepartie de la disposition, représentée par le rapport entre : (A) d’une part, le montant déterminé en vertu du sous-alinéa (i), (B) d’autre part, la juste valeur marchande, au moment de la disposition, des biens (autres que des actions du capital-actions de la société ou le droit d’en recevoir) qu’il a reçu en contrepartie de la disposition; g) le coût supporté par le contribuable de toutes catégories d’actions privilégiées du capital-actions de la société qu’il doit recevoir en contrepartie de la disposition est réputé être le moins élevé des montants suivants : la juste valeur marchande de ces actions immédiatement après la disposition et la fraction de l’excédent éventuel du produit de disposition sur la juste valeur marchande de la contrepartie (autre que des actions du capital-actions de la société ou le droit d’en recevoir) qu’il a reçu pour la disposition représentée par le rapport entre : (i) d’une part, la juste valeur marchande, immédiatement après la disposition, de ces actions privilégiées de cette catégorie, (ii) d’autre part, la juste valeur marchande, immédiatement après la disposition, de toutes les actions Definition of eligible property (1.1) For the purposes of subsection 85(1), eligible property means privégiées du capital-actions de la société que le contribuable doit recevoir en contrepartie de la disposition; h) le coût supporté par le contribuable de toutes catégories d’actions ordinaires du capital-actions de la société qu’il doit recevoir en contrepartie de la disposition est réputé être la fraction de l’excédent éventuel du produit de disposition sur le total de la juste valeur marchande, au moment de la disposition, de la contrepartie autre que des actions du capital-actions de la société ou le droit d’en recevoir) qu’il a reçue pour la disposition et du coût que le contribuable a supporté pour toutes les actions privilégiées du capital-actions de la société qu’il doit recevoir en contrepartie de la disposition, représentée par le rapport entre : (i) d’une part, la juste valeur marchande, immédiatement après la disposition, de ces actions ordinaires de cette catégorie, (ii) d’autre part, la juste valeur marchande, immédiatement après la disposition, de toutes les actions ordinaires du capital-actions de la société qu’il doit recevoir en contrepartie de la disposition; i) lorsque le bien dont il a été ainsi disposé est un bien canadien imposable du contribuable, la totalité des actions du capital-actions de la société canadienne qu’il a reçues en contrepartie du bien sont réputées être, à tout moment de la période de 60 mois suivant la disposition, des biens canadiens imposables lui appartenant. Définition de bien admissible (1.1) Pour l’application du paragraphe (1), bien admissible s’entend : a) d’une immobilisation (à l’exception d’un bien immeuble ou réel, d’une option s’y rapportant, ou d’un droit réel sur un immeuble ou d’un intérêt sur un bien Income Tax PART I Income Tax DIVISION B Computation of Income
If a taxpayer and another person have, by virtue of subsection (1), become jointly and severally, or solidarily, liable in respect of part or all of a liability of the taxpayer under this Act, the following rules apply: (a) a payment by the other person on account of the taxpayer’s liability shall discharge the other person’s liability to the extent thereof as though the payment were made by the taxpayer; but (b) a payment by the taxpayer on account of the taxpayer’s liability discharges the other person’s liability only to the extent that the payment operates to reduce the taxpayer’s liability to an amount less than the amount in respect of which the other person was, by subsection (1), made jointly and severally, or solidarily, liable. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 160.3; 2013, c. 34, ss. 144, 316. Liability in respect of transfers by insolvent corporations
(d) a foreign resource property; (e) [Repealed, 2016, c. 12, s. 26] (i) a capital property, (ii) inventory, or Exception Impôt sur le revenu
DIVISION I Returns, Assessments, Payment and Appeals provision of this Act or of the taxpayer for the interest that the taxpayer is liable to pay under this Act on an assessment in respect of the amount that the taxpayer is liable to pay because of this subsection. Indirect transfers (a) property is transferred at any time from a taxpayer (in this subsection referred to as the “transferor”) to another taxpayer (in this subsection referred to as the “transferee”) with whom the transferor does not deal at arm’s length, (b) the transferor is liable because of subsection 160.4(1) or this subsection to pay an amount of the tax of another person (in this subsection referred to as the “debtor”) under this Part, and (c) it can reasonably be considered that one of the reasons of the transfer would, but for this subsection, be to prevent the enforcement of this section, the transferee is jointly and severally, or solidarily, liable with the transferor and the debtor to pay an amount of the debtor’s tax that the transferor was liable to pay at that time and the amount, if any, by which the fair market value of the property at that time exceeds the fair market value at that time of the consideration given for the property, but nothing in this subsection limits the liability of the debtor or the transferor under any provision of this Act or of the transferee for the interest that the transferee is liable to pay under this Act on an assessment in respect of the amount that the transferee is liable to pay because of this subsection. Assessment
The Minister may at any time assess a person in respect of any amount payable by the person because of this section, and the provisions of this Division (including, for greater certainty, the provisions in respect of interest payable) apply, with any modifications that the circumstances require, in respect of an assessment made under this section, as though it had been made under section 152 in respect of taxes payable under this Part.
If a corporation and another person have, because of subsection (1) or (2), become jointly and severally, or solidarily, liable in respect of part or all of a liability of the corporation under this Act Transferts indirects (a) a payment by the other person on account of that person's liability shall to the extent thereof discharge their liability; and (b) a payment by the corporation on account of the corporation's liability discharges the other person's liability only to the extent that the payment operates to reduce the corporation's liability to an amount less than the amount in respect of which the other person was, by subsection (1) or (2), as the case may be, made jointly and severally, or solidarily, liable. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1995, c. 21, s. 49; 2013, c. 34, ss. 145, 317.
electronic payment means any payment or remittance to the Receiver General that is made through electronic services offered by a designated financial institution or by any electronic means specified by the Minister. (paiement électronique)
b) d’une immobilisation qui est un bien immeuble ou réel, une option s’y rapportant, ou un droit réel sur un immeuble ou un intérêt sur un bien réel, appartenant à un assureur non-résident, dans le cas où ce bien et celui reçu en contrepartie de ce bien constituent des biens d’assurance désignés pour l’année; c) d’un avoir minier canadien; d) d’un avoir minier étranger; e) [Abrogé, 2016, ch. 12, art. 26] f) d’un bien à porter à l’inventaire, à l’exception d’un bien immeuble ou réel, d’une option s’y rapportant, ou d’un droit réel sur un immeuble ou un intérêt sur un bien réel; g) d’un bien — valeur ou titre de créance — qui est utilisé ou détenu par le contribuable pendant l’année dans le cadre de l’exploitation d’une entreprise d’assurance ou de prêt d’argent, à l’exception d’une immobilisation, d’un bien à porter à l’inventaire et, dans le cas où le contribuable est une institution financière au cours de l’année, d’un bien évalué à la valeur du marché pour l’année; g.1) dans le cas où le contribuable est une institution financière au cours de l’année, d’un titre de créance déterminé, à l’exception d’un bien évalué à la valeur du marché du contribuable pour l’année; h) d’une immobilisation qui est un bien immeuble ou réel, une option s’y rapportant, ou un droit réel sur un immeuble ou un intérêt sur un bien réel, dont une personne non-résidente, autre qu’un assureur non-résident, est propriétaire, et qui est utilisé au cours de l’année dans le cadre d’une entreprise exploitée par cette personne au Canada; i) d’un second fonds du compte de stabilisation du revenu net, si ce bien appartient à un particulier. Exception (1.11) Malgré le paragraphe (1.1), un avoir minier étranger, ou la participation dans une société de personnes dont tout ou partie de la valeur provient d’un ou de plusieurs avoirs miniers étrangers, n’est pas un bien admissible d’un contribuable relativement à une disposition qu’il effectue à une société si, à la fois : a) le contribuable et la société ont entre eux un lien de dépendance; Income Tax PART I Income Tax DIVISION B Computation of Income
The remittance or payment of an amount to the Receiver General must be made as an electronic payment if the amount of the remittance or payment exceeds $10,000, unless the payer or remitter cannot reasonably remit or pay the amount in that manner. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2023, c. 26, s. 52. General
Eligible derivatives Application of subsection (1) (a) the taxpayer; Impôt sur le revenu
(a) the total of the taxpayer's taxes payable under this Part and Parts I.3, VI, VI.1 and VI.2 (determined in accordance with subsection 191.5(9)) for the year (b) the total of all amounts each of which is an amount paid at or before that time on account of the taxpayer's tax payable and applied as at that time by the Minister against the taxpayer's liability for an amount payable under this Part or Part I.3, VI, VI.1 or VI.2 for the year, the taxpayer shall pay to the Receiver General interest at the prescribed rate on the excess, computed for the period during which that excess is outstanding.
In addition to the interest payable under subsection 161(1), where a taxpayer who is required by this Part to pay a part or instalment of tax has failed to pay all or any part thereof on or before the day on or before which the tax or instalment, as the case may be, was required to be paid, the taxpayer shall pay to the Receiver General interest at the prescribed rate on the amount that the taxpayer failed to pay computed from the day on or before which the amount was required to be paid to the day of payment, or to the beginning of the period in respect of which the taxpayer is required to pay interest thereon under subsection 161(1), whichever is earlier. Contra interest (2.2) Notwithstanding subsections (1) and (2), the total amount of interest payable under those subsections, for the period that begins on the first day of the taxation year for which a part or instalment of tax is payable and ends on the taxpayer’s balance-due day for the year, in respect of the taxpayer’s tax or instalments of tax payable for the year shall not exceed the amount, if any, by which (a) the total amount of interest that would be payable for the period by the taxpayer under subsections 161(1) and 161(2) in respect of the taxpayer’s tax and instalments of tax payable for the year if no amount were paid on account of the tax or instalments (b) the amount of interest that would be payable under subsection 164(3) to the taxpayer in respect of the period on the amount that would be refunded to the taxpayer in respect of the year or applied to another liability if (i) no tax were payable by the taxpayer for the year, (ii) no amount had been remitted under section 153 to the Receiver General on account of the taxpayer’s tax for the year, (iii) the rate of interest prescribed for the purpose of subsection 161(1) were prescribed for the purpose of subsection 164(3), DIVISION I Returns, Assessments, Payment and Appeals (iv) the latest of the days described in paragraphs 164(3)(a), 164(3)(b) and 164(3)(c) were the first day of the year. Limitation — farmers and fishermen
For the purposes of subsection 161(2) and section 163.1, where an individual is required to pay a part or instalment of tax for a taxation year computed by reference to a method described in subsection 155(1), the individual shall be deemed to have been liable to pay on or before the day referred to in subsection 155(1) a part or instalment computed by reference to (a) the amount, if any, by which (i) the tax payable under this Part by the individual for the year, determined before taking into consideration the specified future tax consequences for the year, (ii) the amounts deemed by subsections 120(2) and (2.2) to have been paid on account of the individual’s tax under this Part for the year, determined before taking into consideration the specified future tax consequences for the year, (c) the amount stated to be the amount of the instalment payable by the individual for the year in the notice, if any, sent to the individual by the Minister, whichever method gives rise to the least amount required to be paid by the individual on or before that day. (4.01) For the purposes of subsection 161(2) and section 163.1, where an individual is required to pay a part or instalment of tax for a taxation year computed by reference to a method described in subsection 156(1), the individual shall be deemed to have been liable to pay on or before each day referred to in subsection 156(1) a part or instalment computed by reference to (a) the amount, if any, by which (i) the tax payable under this Part by the individual for the year, determined before taking into consideration the specified future tax consequences for the year, (ii) the amounts deemed by subsections 120(2) and (2.2) to have been paid on account of the individual's tax under this Part for the year, determined before taking into consideration the specified future tax consequences for the year, (b) the individual's instalment base for the preceding taxation year, (c) the amounts determined under paragraph 156(1)(b) in respect of the individual for the year, or (d) the amounts stated to be the amounts of instalments payable by the individual for the year in the notices, if any, sent to the individual by the Minister, reduced by the amount, if any, determined under paragraph 156(2)(b) in respect of the individual for the year, whichever method gives rise to the least total amount of such parts or instalments required to be paid by the individual by that day. (4.1) For the purposes of subsection (2) and section 163.1, where a corporation is required to pay a part or instalment of tax for a taxation year computed by reference to a fraction described in subsection 157(1), (1.1) or (1.5), as the case may be, the corporation is deemed to have been liable to pay on or before each day on or before which subparagraph 157(1)(a)(i), (ii) or (iii), subparagraph 157(1.1)(a)(i), (ii) or (iii), or subparagraph 157(1.5)(a)(i) or (ii), as the case may be, requires a part or instalment to be made equal to the amount, if any, by which (a) the part or instalment due on that day computed in accordance with whichever allowable method in the circumstances gives rise to the least total amount of such parts or instalments of tax for the year, computed by reference to (i) the total of the taxes payable under this Part and Parts VI, VI.1 and XIII.1 by the corporation for the year, determined before taking into consideration the specified future tax consequences for the year, (ii) its first instalment base for the year, or (iii) its second instalment base and its first instalment base for the year, (b) the amount, if any, determined under any of paragraphs 157(3)(b) to (e) or under paragraph 157(3.1)(b) or (c), as the case may be, in respect of that instalment. Income of resident from a foreign country in blocked currency
Where the income of a taxpayer for a taxation year, or part thereof, is from sources in another country and the taxpayer by reason of monetary or exchange restrictions imposed by the law of that country is unable to transfer it to Canada, the Minister may, if the Minister is satisfied that payment as required by this Part of the whole of the additional tax under this Part for the year reasonably attributable to income from sources in that country would impose extreme hardship on the taxpayer, postpone the time for payment of the whole or a part of that additional tax for a period to be determined by the Minister, but no such postponement may be granted if any of the income for the year from sources in that country has been (b) used by the taxpayer for any purpose whatever, other than payment of income tax to the government of that country on income from sources in that country, or (c) disposed of by the taxpayer, and no interest is payable under this section in respect of that additional tax, or part thereof, during the period of postponement. Foreign tax credit adjustment
b) il est raisonnable de conclure que l’un des objets de la disposition, ou d’une série d’opérations ou d’événements dont elle fait partie, consiste à accroître la mesure dans laquelle une personne peut demander la déduction prévue à l’article 126. Produits dérivés admissibles (1.12) Malgré le paragraphe (1.1), un produit dérivé admissible (au sens du paragraphe 10.1(5)) d’un contribuable auquel le paragraphe 10.1(6) s’applique n’est pas un bien admissible du contribuable relativement à une disposition qu’il effectue à une société. Application du paragraphe (1) (1.2) Le paragraphe (1) ne s’applique à la disposition, par un contribuable en faveur d’une société, d’un bien visé à l’alinéa (1.1)(h) que si les conditions suivantes sont réunies : a) immédiatement après la disposition, la société est contrôlée par le contribuable, une ou plusieurs personnes qui sont liées, autrement qu’à cause d’un droit visé à l’alinéa 251(5)(b), au contribuable ou par le contribuable et une ou plusieurs personnes qui lui sont ainsi liées; b) la disposition fait partie d’une opération ou d’une série d’opérations dans le cadre desquelles le contribuable a disposé en faveur de la société de la totalité, ou presque, des biens utilisés dans l’entreprise visée à l’alinéa (1.1)(h); c) la disposition ne fait pas partie d’une série d’opérations par suite desquelles le contrôle de la société a été acquis par une personne ou par un groupe de personnes après le moment qui suit immédiatement la disposition. Sens de filiale à cent pour cent (1.3) Pour l’application du présent paragraphe et de l’alinéa (1.1)(e.2), filiale à cent pour cent, relativement à un contribuable, s’entend d’une société dont toutes les actions émises et en circulation du capital-actions, sauf celles dont l’admissibilité aux postes d’administrateurs, sont la propriété de l’une des personnes suivantes : a) le contribuable; b) une société qui est une filiale à cent pour cent du contribuable; c) l’une et l’autre des personnes visées aux alinéas a) et b). Definitions
(a) an adjustment of an income or profits tax payable by the taxpayer to the government of a country other than Canada or to the government of a state, province or other political subdivision of such a country, or (b) a reduction in the amount of foreign tax deductible under subsection 126(1) or (2) in computing the taxpayer’s tax otherwise payable under this Part for the particular year, as a result of the application of subsection 126(4.2) in respect of a share or debt obligation disposed of by the taxpayer in the taxation year following the particular year, no interest is payable, in respect of the increase in the taxpayer’s tax payable, for the period (c) that ends 90 days after the day on which the taxpayer is first notified of the amount of the adjustment, if paragraph (a) applies, and (6.2) Where the tax payable under this Part by a taxpayer for a taxation year is more than it otherwise would be because of a consequence for the year described in paragraph (b) of the definition specified future tax consequence in subsection 248(1) in respect of an amount purported to be renounced in a calendar year, for the purposes of the provisions of this Act (other than this subsection) relating to interest payable under this Act, an amount equal to the additional tax payable is deemed (a) to have been paid on the taxpayer’s balance-due day for the taxation year on account of the taxpayer’s tax payable under this Part for the year; and (b) to have been refunded on April 30 of the following calendar year to the taxpayer on account of the taxpayer’s tax payable under this Part for the taxation year.
Where --- Définitions (1.4) Pour l’application du paragraphe (1.1), bien évalué à la valeur du marché, institution financière et titre de créance déterminé s’entendent au sens du paragraphe 142.2(1). Transfert d’un bien d’une société de personnes à une société
For the purpose of computing interest under subsection 161(1) or 161(2) on tax or a part of an instalment of tax for a taxation year, and for the purpose of section 163.1, (a) the tax payable under this Part and Parts I.3, VI and VI.1 by the taxpayer for the year is deemed to be the amount that it would be if the consequences of the deduction, reduction or exclusion of the following amounts were not taken into consideration: (i) any amount deducted under section 119 in respect of a disposition in a subsequent taxation year, (ii) any amount deducted under section 41 in respect of the taxpayer’s listed-personal-property loss for a subsequent taxation year, (iii) any amount excluded from the taxpayer’s income for the year by virtue of section 49 in respect of the exercise of an option in a subsequent taxation year, (iv) any amount deducted under section 118.1 in respect of a gift made in a subsequent taxation year or under section 111 in respect of a loss for a subsequent taxation year, (iv.1) any amount deducted under subsection 126(2) in respect of an unused foreign tax credit (within the meaning assigned by subsection 126(7)), or under subsection 126.2(21) or (2.22) in respect of foreign taxes paid, for a subsequent taxation year, (iv.2) any amount deducted in computing the taxpayer’s income for the year by virtue of an election in a subsequent taxation year under paragraph 164(6)(c) or 164(6)(d) by the taxpayer’s legal representative, (v) any amount deducted under subsection 127(5) in respect of property acquired or an expenditure made in a subsequent taxation year, (vii) any amount deducted under section 125.3 in respect of an unused Part I.3 tax credit (within the meaning assigned by subsection 125.3(3)) for a subsequent taxation year, (viii) any amount deducted, in respect of a repayment under subsection 68.4(7) of the Excise Tax Act made in a subsequent taxation year, in computing the amount determined under subparagraph 12(1)(x.1)(ii), (viii.1) any amount deducted under subsection 147.2(4) in computing the taxpayer’s income for the year because of the application of subsection 147.2(6) as a result of the taxpayer’s death in the subsequent taxation year, (ix) any amount deducted under subsection 181.1(4) in respect of any unused surtax credit (within the meaning assigned by subsection 181.1(6)) of the taxpayer for a subsequent taxation year, (x) any amount deducted under subsection 190.1(3) in respect of any unused Part I tax credit (within the meaning assigned by subsection 190.1(5)) of the taxpayer for a subsequent taxation year, (xi) any amount deducted under any of subsections 128.1(6) to (8) from the taxpayer’s proceeds of disposition of a property because of an election made in a return of income for a subsequent taxation year, and (xii) any amount by which the amount included under subsection 91(1) for the year is reduced because of a reduction referred to in paragraph 152(6.1)(b) in the foreign accrual property income of a foreign affiliate of the taxpayer for a taxation year of the affiliate that ends in the year; and (b) the amount by which the tax payable under this Part and Parts I.3, VI and VI.1 by the taxpayer for the year is reduced as a consequence of the deduction or exclusion of amounts described in paragraph (a) is deemed to have been paid on account of the taxpayer’s tax payable under this Part for the year on the day that is 30 days after the latest of (i) the first day immediately following that subsequent taxation year, (ii) the day on which the taxpayer’s or the taxpayer’s legal representative’s return of income for that subsequent taxation year was filed, (iii) if an amended return of the taxpayer’s income for the year or a prescribed form amending the taxpayer’s return of income for the year was filed under subsection 49(4) or 152(6) or (6.1) or paragraph 164(6)(e), the day on which the amended return or prescribed form was filed, and (iv) where, as a consequence of a request in writing, the Minister reassessed the taxpayer’s tax for the year to take into account the deduction or exclusion, the day on which the request was made. Certain amounts deemed to be paid as instalments
Dans le cas où: a) d’une part, une société de personnes a disposé, en faveur d’une société canadienne imposable et pour une contrepartie qui comprend des actions du capital-actions de celle-ci, d’un de ses biens (sauf un produit dérivé admissible, au sens du paragraphe 10.1(5), si le paragraphe 10.1(6) s’applique à la société de personnes) à savoir: (i) un immobilisation (sauf un bien immeuble ou réel, une option s’y rapportant, ou un droit réel sur un bien immeuble ou un bien réel, si la société de personnes n’était pas une société de personnes canadienne au moment de la disposition), (ii) un bien visé à l’un des alinéas (1.1)c) à f), (iii) un bien qui serait visé aux alinéas (1.1)g) ou g.1) si les mentions de « contribuable », à ces alinéas, étaient remplacées par « société de personnes », et b) d’autre part, la société et tous les associés de la société de personnes ont conjointement choisi ainsi, en la forme prescrite et dans le délai mentionné au paragraphe (6), les alinéas (1)a) à i) s’appliquent, avec les adaptations nécessaires, à la disposition, comme si la société de personnes était un contribuable résident au Canada qui avait disposé d’un bien en faveur de la société. Calcul du capital versé (2.1) Les règles suivantes s’appliquent lorsque les paragraphes (1) ou (2) s’appliquent à la disposition d’un bien qu’un contribuable — personne ou société de personnes — effectue en faveur d’une société (à l’exception d’une disposition de bien à laquelle les articles 84.1 ou 212.1 s’appliquent): a) le résultat du calcul suivant est déduit dans le calcul du capital versé, au moment de l’émission d’actions du capital-actions de la société en contrepartie de la disposition du bien, et après ce moment, au titre (A - B) × C/A where exceeds
For the purposes of subsection 161(2), where in a taxation year an amount has been paid by a non-resident person pursuant to subsection 116(2) or 116(4) or an amount has been paid on that person’s behalf by another person in accordance with subsection 116(5), the amount shall be deemed to have been paid by that non-resident person in the year as an instalment of tax on the first day DIVISION I Returns, Assessments, Payment and Appeals on which the non-resident person was required under this Act to pay an instalment of tax for that year.
Where, d’une catégorie donnée d’actions du capital-actions de la société : (A - B) × C/A où : A représente l’augmentation — conséquence de l’acquisition du bien par la société — du capital versé au titre de toutes les actions du capital-actions de la société, calculée sans que le présent article soit appliqué à la disposition du bien B l’excédent éventuel du coût du bien pour la société immédiatement après l’acquisition calculé en vertu du paragraphe (1) ou (2), selon le cas, sur la juste valeur marchande, immédiatement après l’acquisition, de toute contrepartie (à l’exclusion des actions du capital-actions de la société) que le contribuable a reçue de la société pour le bien, C l’augmentation — conséquence de l’acquisition du bien par la société — du capital versé au titre de la catégorie particulière d’actions du capital-actions de la société, calculée sans que le présent article soit appliqué à la disposition du bien; b) le montant suivant est ajouté dans le calcul du capital versé, à un moment donné après le 21 novembre 1985, au titre d’une catégorie d’actions du capital-actions d’une société : (i) l’excédent éventuel du total visé à la division (A) sur le total visé à la division (B) : (A) le total des montants dont chacun représente un montant réputé en vertu du paragraphe 84(3), (4) ou (4.1) être un dividende au titre des actions de cette catégorie que la société a versé après le 21 novembre 1985 et avant le moment donné, (B) le total de ces dividendes qui serait déterminé en vertu de la division (A), compte non tenu de l’alinéa a), (ii) le total des montants à déduire selon l’alinéa a) dans le calcul du capital versé au titre de cette catégorie d’actions après le 21 novembre 1985 et avant le moment donné. Liquidation des sociétés de personnes
In this section, (a) instalment base of an individual for a taxation year means the amount determined in prescribed manner to be the individual’s instalment base for the year; and (b) first instalment base and second instalment base of a corporation for a taxation year have the meanings prescribed by regulation. When amount deemed paid
Lorsque les conditions suivantes sont réunies : a) le paragraphe (2) s’applique à une disposition de biens d’une société de personnes en faveur d’une société; b) les affaires de la société de personnes ont été mises en liquidation dans les 60 jours suivant la disposition; c) la société de personnes avait pour seuls biens, immédiatement avant la liquidation, l’argent ou les biens reçus de la société en contrepartie de la disposition, les règles suivantes s’appliquent : d) le coût de tout bien pour tout associé de la société de personnes (autre que des actions du capital-actions de la société ou le droit d’en recevoir) qu’il a reçu en contrepartie de la disposition de sa participation dans la société de personnes lors de la liquidation est réputé être la juste valeur marchande du bien au moment de la liquidation; e) le coût, pour tout associé de la société de personnes, de toutes catégories d’actions privilégiées du capital-actions de la société qu’il doit recevoir en contrepartie de la disposition de sa participation dans la société de personnes lors de la liquidation, est réputé être : (i) lorsqu’il devait également recevoir des actions ordinaires du capital-actions de la société en contrepartie de la disposition de sa participation, le moins élevé des montants suivants : (A) la juste valeur marchande, immédiatement après la liquidation, des actions privilégiées de cette catégorie qu’il devait ainsi recevoir, (B) la fraction de l’excédent éventuel du prix de base rajusté de sa participation dans la société de personnes, immédiatement avant la liquidation, sur le total de la juste valeur marchande, au moment de la liquidation, de la contrepartie (autre que des actions du capital-actions de la société ou le droit d’en recevoir) reçue par lui pour la disposition de sa participation représentée par le rapport entre : (I) d’une part, la juste valeur marchande, immédiatement après la liquidation, des actions privilégiées de cette catégorie, qu’il devait ainsi recevoir, (II) d’autre part, la juste valeur marchande, immédiatement après la liquidation, de toutes les actions privilégiées du capital-actions de la société qu’il devait recevoir en contrepartie de la disposition, Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of subsection 161(2), where an amount has been deducted by virtue of paragraph 127.2(1)(a) or 127.3(1)(a) in computing the tax payable under this Part by a taxpayer for a taxation year, the amount so deducted shall be deemed to have been paid by the taxpayer (a) in the case of a taxpayer who has filed a return of income under this Part for the year as required by section 150, on the last day of the year; and (b) in any other case, on the day on which the taxpayer filed the taxpayer’s return of income under this Part for the year. Interest on penalties
Where a taxpayer is required to pay a penalty, the taxpayer shall pay the penalty to the Receiver General together with interest thereon at the prescribed rate computed, (a) in the case of a penalty payable under section 162, 163 or 235, from the day on or before which (i) the taxpayer’s return of income for a taxation year in respect of which the penalty is payable was required to be filed, or would have been required to be filed if tax under this Part were payable by the taxpayer for the year, or (ii) the information return, return, ownership certificate or other document in respect of which the penalty is payable was required to be made, as the case may be, to the day of payment; DIVISION I Returns, Assessments, Payment and Appeals (b) in the case of a penalty payable for a taxation year because of section 163.1, from the taxpayer’s balance-due day for the year to the day of payment of the penalty; (b.1) in the case of a penalty under subsection 237.1(7.4), 237.3(8), 237.4(12) or 237.5(5), from the day on which the taxpayer became liable to the penalty to the day of payment; and (c) in the case of a penalty payable by reason of any other provision of this Act, from the day of sending of the notice of original assessment of the penalty to the day of payment. Offset of Refund Interest and Arrears Interest
(ii) in any other case, the amount determined under clause 85(3)(e)(i)(B),
accumulated overpayment amount, of a corporation for a period, means the overpayment amount of the corporation for the period together with refund interest (including, for greater certainty, compound interest) that accrued with respect to the overpayment amount before the date specified under paragraph (3)(b) by the corporation in its application for the period. (trop-payé accumulé) accumulated underpayment amount, of a corporation for a period, means the underpayment amount of the corporation for the period together with arrears interest (including, for greater certainty, compound interest) that accrued with respect to the underpayment amount before the date specified under paragraph (3)(b) by the corporation in its application for the period. (moins-payé accumulé) overpayment amount, of a corporation for a period, means the amount referred to in subparagraph (2)(a)(i) that is refunded to the corporation, or the amount referred to in subparagraph (2)(a)(ii) to which the corporation is entitled. (trop-payé) underpayment amount, of a corporation for a period, means the amount referred to in paragraph (2)(b) payable by the corporation on which arrears interest is computed. (moins-payé) Concurrent refund interest and arrears interest
[Repealed, 1998, c. 19, s. 116] Rules on transfers of depreciable property Impôt sur le revenu
A corporation may apply in writing to the Minister for the reallocation of an accumulated overpayment amount for a period that begins after 1999 on account of an accumulated underpayment amount for the period if, in respect of tax paid or payable by the corporation under this Part or Part I.3, II, IV, IV.1, VI, VI.1 or XIV, (a) refund interest for the period (i) is computed on an amount refunded to the corporation, or (ii) would be computed on an amount to which the corporation is entitled, if that amount were refunded to the corporation; and (b) arrears interest for the period is computed on an amount payable by the corporation.
A corporation’s application referred to in subsection (2) for a period is deemed not to have been made unless (a) it specifies the amount to be reallocated, which shall not exceed the lesser of the corporation’s accumulated overpayment amount for the period and its accumulated underpayment amount for the period; (b) it specifies the effective date for the reallocation, which shall not be earlier than the latest of (i) the date from which refund interest is computed on the corporation’s overpayment amount for the period, or would be so computed if the overpayment amount were refunded to the corporation, (ii) the date from which arrears interest is computed on the corporation’s underpayment amount for the period, and DIVISION I Returns, Assessments, Payment and Appeals Offset of Refund Interest and Arrears Interest (iii) January 1, 2000; and (c) it is made on or before the day that is 90 days after the latest of (i) the day of sending of the first notice of assessment giving rise to any portion of the corporation’s overpayment amount to which the application relates, (ii) the day of sending of the first notice of assessment giving rise to any portion of the corporation’s underpayment amount to which the application relates, (iii) if the corporation has served a notice of objection to an assessment referred to in subparagraph (i) or (ii), the day of sending of the notification under subsection 165(3) by the Minister in respect of the notice of objection, (iv) if the corporation has appealed, or applied for leave to appeal, from an assessment referred to in subparagraph (i) or (ii) to a court of competent jurisdiction, the day on which the court dismisses the appeal, the application or appeal is discontinued or final judgment is pronounced in the appeal, and (v) the day of sending of the first notice to the corporation indicating that the Minister has determined any portion of the corporation’s overpayment amount to which the application relates, if the overpayment amount has not been determined as a result of a notice of assessment sent before that day. Reallocation
The amount to be reallocated that is specified under paragraph (3)(a) by a corporation is deemed to have been refunded to the corporation and paid on account of the accumulated underpayment amount on the date specified under paragraph (3)(b) by the corporation.
If an application in respect of a period is made under subsection (2) by a corporation and a portion of the amount to be reallocated has been refunded to the corporation, the following rules apply: DIVISION I Returns, Assessments, Payment and Appeals Offset of Refund Interest and Arrears Interest (i) the portion of the amount to be reallocated that was refunded to the corporation, and (ii) refund interest paid or credited to the corporation in respect of that portion is deemed to have become payable by the corporation on the day on which the portion was refunded; and (b) the corporation shall pay to the Receiver General interest at the prescribed rate on the particular amount from the day referred to in paragraph (a) to the date of payment. Consequential reallocations
(ii) dans tout autre cas, le montant déterminé conformément à la division (i)(B); f) le coût supporté par tout associé de la société de personnes pour toutes actions ordinaires, de toute catégorie, du capital-actions de la société qu’il doit recevoir en contrepartie de la disposition de sa participation dans la société de personnes, lors de la liquidation, est réputé être la fraction de l’excédent éventuel du prix de base rajusté de sa participation dans la société de personnes, immédiatement avant la liquidation, sur le total de la juste valeur marchande, au moment de la liquidation, de la contrepartie reçue (autre que des actions du capital-actions de la société ou le droit d’en recevoir) qu’il a reçue pour la disposition de sa participation, et du coût, pour lui, de toutes les actions privilégiées du capital-actions de la société qu’il doit recevoir en contrepartie de la disposition de sa participation, représentée par le rapport entre : (i) d’une part, la juste valeur marchande, immédiatement après la liquidation, des actions ordinaires de cette catégorie qu’il doit ainsi recevoir, et (ii) d’autre part, la juste valeur marchande, immédiatement après la liquidation, de toutes les actions ordinaires du capital-actions de la société qu’il doit ainsi recevoir en contrepartie de la disposition; g) le produit de disposition de la participation dans la société de personnes de tout associé de cette société de personnes est réputé être le coût, pour lui, de toutes les actions et des biens qu’il doit recevoir ou qu’il a reçus en contrepartie de la disposition de sa participation plus le montant de toute somme d’argent qu’il a reçue en contrepartie de la disposition; h) lorsque la société de personnes a attribué des biens de la société de personnes visés à l’alinéa c) à l’un de ses associés, elle est réputée avoir disposé de ces biens et en avoir tiré un produit égal au coût indiqué de ces biens supporté par elle immédiatement avant leur attribution.
If a particular reallocation of an accumulated overpayment amount under subsection (4) results in a new accumulated overpayment amount of the corporation for a period, the new accumulated overpayment amount shall not be reallocated under this section unless the corporation so applies in its application for the particular reallocation. Assessments
[Abrogé, 1998, ch. 19, art. 116] Règles sur les transferts de biens amortissables
Notwithstanding subsections 152(4), (4.01) and (5), the Minister may make assessments, reassessments or additional assessments of the tax, interest or penalties payable by a corporation in respect of any taxation year as necessary in order to take into account a reallocation of amounts under this section. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2000, c. 19, s. 48; 2010, c. 25, s. 41. Period where interest not payable
Lorsque les paragraphes (1) ou (2) s’appliquent à la disposition d’un bien amortissable en faveur d’une personne (appelée « cessionnaire » au présent paragraphe) et que le coût en capital du bien pour le cédant excède son produit de disposition pour celui-ci, les présomptions suivantes s’appliquent dans le cadre des articles 13 et 20 et des dispositions réglementaires prises pour l’application de l’alinéa 20(1)a) : a) le coût en capital du bien pour le cessionnaire est réputé égal à son coût en capital pour le cédant; b) l’excédent est réputé avoir été déduit par le cessionnaire en application de l’alinéa 20(1)a) relativement au bien dans le calcul du revenu pour les années d’imposition terminées avant la disposition. Acquisition de certains outils — coût en capital et amortissement réputé (5.1) Lorsque le paragraphe (1) s’est appliqué relativement à l’acquisition, à un moment donné, d’un bien amortissable par une société d’un particulier, que le coût du bien pour le particulier a été inclus dans le calcul de la somme prévue aux alinéas 8(1)r) ou s) relativement au particulier et que le « coût initial » au particulier immédiatement avant le transfert si la présente loi s’appliquait sans égard au paragraphe 8(7) (ce montant étant appelé dans le présent paragraphe le « coût initial ») excède le produit de disposition du bien pour le particulier, les règles suivantes s’appliquent : a) le coût en capital du bien pour la société est réputé être égal au coût initial; b) l’excédent du coût initial sur le produit de disposition du bien pour le particulier est réputé avoir été déduit par la société en application de l’alinéa 20(1)a) relativement au bien dans le calcul du revenu pour les années d’imposition s’étant terminées avant le moment donné. Date du choix
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2003, c. 15, s. 117. Small Amounts Owing Interest and penalty amounts of $25 or less
Tout choix visé au paragraphe (1) ou (2) doit être fait au plus tard à la date qui survient la première parmi les dates auxquelles un contribuable faisant le choix doit, au plus tard, produire une déclaration de revenu, en application de l’article 150, pour l’année d’imposition pendant laquelle a eu lieu l’opération à laquelle se rapporte le choix. Choix tardif
DIVISION I Returns, Assessments, Payment and Appeals Small Amounts Owing than $25.00, the Minister may cancel the interest and penalty. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2003, c. 15, s. 117.
Lorsque le choix visé au paragraphe (6) n’a pas été fait au plus tard à la date à laquelle on aurait dû le faire aux termes de ce paragraphe et que cette date est postérieure au 6 mai 1974, le choix est réputé avoir été fait à cette date, si, au plus tard 3 ans suivant cette date : Income Tax PART I Income Tax DIVISION B Computation of Income
Minister
Special cases exceeds Impôt sur le revenu
If, at any time, the total of all amounts payable by the Minister to a person under this Act does not exceed two dollars, the Minister may apply those amounts against any amount owing, at that time, by the person to Her Majesty in right of Canada. However, if the person, at that time, does not owe any amount to Her Majesty in right of Canada, those amounts payable are deemed to be nil. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2003, c. 15, s. 117; 2006, c. 4, s. 162. Penalties
(a) an amount equal to 5% of the person’s tax payable under this Part for the year that was unpaid when the return was required to be filed, and (b) the product obtained when 1% of the person’s tax payable under this Part for the year that was unpaid when the return was required to be filed is multiplied by the number of complete months, not exceeding 12, from the date on which the return was required to be filed to the date on which the return was filed. Repeated failure to file (a) who fails to file a return of income for a taxation year as and when required by subsection 150(1), (b) to whom a demand for a return for the year has been sent under subsection 150(2), and (c) by whom, before the time of failure, a penalty was payable under this subsection or subsection 162(1) in respect of a return of income for any of the 3 preceding taxation years is liable to a penalty equal to the total of (d) an amount equal to 10% of the person’s tax payable under this Part for the year that was unpaid when the return was required to be filed, and (e) the product obtained when 2% of the person’s tax payable under this Part for the year that was unpaid when the return was required to be filed is multiplied by the number of complete months, not exceeding 20, from the date on which the return was required to be filed to the date on which the return was filed. Failure to file - non-resident corporation (2.1) Notwithstanding subsections (1) and (2), if a non-resident corporation is liable to a penalty under subsection (1) or (2) for failure to file a return of income for a taxation year, the amount of the penalty is the greater of (a) the amount computed under subsection (1) or (2), as the case may be, and (b) an amount equal to the greater of (i) $100, and (ii) $25 times the number of days, not exceeding 100, from the day on which the return was required to be filed to the day on which the return is filed. Failure to file by trustee
Every person who fails to file a return as required by subsection 150(3) is liable to a penalty of $10 for each day of default but not exceeding $50. Ownership certificate (a) fails to complete an ownership certificate as required by section 234, (b) fails to deliver an ownership certificate in the manner prescribed at the time prescribed and at the place prescribed by regulations made under that section, or (c) cashes a coupon or warrant for which an ownership certificate has not been completed pursuant to that section, is liable to a penalty of $50.
Every person who fails to provide any information required on a prescribed form made under this Act or a regulation is liable to a penalty of $100 for each such failure, unless (a) in the case of information required in respect of another person or partnership, a reasonable effort was made by the person to obtain the information from the other person or partnership; or (b) in the case of a failure to provide a Social Insurance Number on a return of income, the person had applied for the assignment of the Number and had not received it at the time the return was filed. (5.1) Every person or partnership who makes, or participates in, assents to or acquiesces in the making of, a false statement or omission in respect of claim preparer information required to be included in an SR&ED form is jointly and severally, or solidarily, liable, together with any claim preparer of the form, to a penalty equal to $1,000. (5.2) A claim preparer of an SR&ED form is not liable for a penalty under subsection (5.1) in respect of a false statement or omission if the claim preparer has exercised the degree of care, diligence and skill to prevent the making of the false statement or omission that a reasonably prudent person would have exercised in comparable circumstances. (5.3) The following definitions apply in this subsection and subsections (5.1) and (5.2). claim preparer, of an SR&ED form, means a person or partnership who agrees to accept consideration to prepare, or assist in the preparation of, the form but does not include an employee who prepares, or assists in the preparation of, the form in the course of performing their duties of employment. (préparateur) (a) the identity of the claim preparer, if any, of an SR&ED form, and
a) d’une part, le choix est fait selon le formulaire prescrit; b) d’autre part, le contribuable ou la société de personnes, selon le cas, paye le montant estimatif de la pénalité relative au choix au moment où celui-ci est fait. Cas spéciaux (7.1) Lorsque le ministre est d’avis que les circonstances d’un cas sont telles qu’il serait juste et équitable : a) soit de permettre qu’un choix visé au paragraphe (1) ou (2) soit fait après la fin du délai de 3 ans qui suit la date à laquelle il devait être fait au plus tard en vertu du paragraphe (6); b) soit de permettre qu’un choix fait en vertu du paragraphe (1) ou (2) soit modifié, le choix ou choix modifié est réputé avoir été fait au plus tard à la date à laquelle le choix devait être ainsi fait, si les conditions suivantes sont réunies : c) le choix ou choix modifié est fait selon le formulaire prescrit; d) le contribuable ou la société de personnes, selon le cas, paye le montant estimatif de la pénalité relative au choix ou choix modifié, au moment où celui-ci est fait. Lorsque le présent paragraphe s’applique à la modification d’un choix, celui-ci est réputé n’avoir jamais été en vigueur. Pénalités pour choix tardifs
Every person or partnership who fails to provide on request their business number, their Social Insurance Number, their trust account number or their U.S. federal taxpayer identifying number to a person required under this Act or the Regulations to make an information return requiring the number is liable to a penalty of $100 for each such failure, unless (a) an application for the assignment of the number is made within 15 days (or, in the case of a U.S. federal taxpayer identifying number, 90 days) after the request was received; and (b) the number is provided to the person who requested the number within 15 days after the person or partnership received it.
Pour l’application du présent article, la pénalité relative à un choix ou choix modifié visé à l’alinéa (7)a) ou (7.1)c) est égale au moins élevé des montants suivants : a) 1/4 de 1 % de l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) la juste valeur marchande, au moment de la disposition, du bien à l’égard duquel le choix ou choix modifié a été fait, (ii) le montant dont sont convenus dans le choix ou choix modifié le contribuable ou la société de personnes, selon le cas, et la société, pour chaque mois ou partie de mois de la période commençant à la date à laquelle le choix doit être fait, au plus tard, aux termes du paragraphe (6), et se Income Tax PART I Income Tax DIVISION B Computation of Income
Every person (other than a registered charity) or partnership who fails (a) to file an information return as and when required by this Act or the regulations, or (b) to comply with a duty or obligation imposed by this Act or the regulations is liable in respect of each such failure, except where another provision of this Act (other than subsection 162(10) or 162(10.1) or 163.2(22)) sets out a penalty for the failure, to a penalty equal to the greater of $100 and the product obtained when $25 is multiplied by the number of days, not exceeding 100, during which the failure continues. (7.01) Every person (other than a registered charity) or partnership who fails to file, when required by this Act or the regulations, one or more information returns of a DIVISION I Returns, Assessments, Payment and Appeals Penalties type prescribed for the purpose of this subsection is liable to a penalty equal to the greater of $100 and (a) where the number of those information returns is less than 51, $10 multiplied by the number of days, not exceeding 100, during which the failure continues; (b) where the number of those information returns is greater than 50 and less than 501, $15 multiplied by the number of days, not exceeding 100, during which the failure continues; (c) where the number of those information returns is greater than 500 and less than 2,501, $25 multiplied by the number of days, not exceeding 100, during which the failure continues; (d) where the number of those information returns is greater than 2,500 and less than 10,001, $50 multiplied by the number of days, not exceeding 100, during which the failure continues; and (e) where the number of those information returns is greater than 10,000, $75 multiplied by the number of days, not exceeding 100, during which the failure continues. (7.02) Every person (other than a registered charity) or partnership who fails to file, in the manner required by the regulations, one or more information returns of a type prescribed for the purpose of this subsection is liable to a penalty equal to (a) where the number of those information returns is greater than 5 and less than 51, $125; (a.1) where the number of those information returns is greater than 50 and less than 251, $250; (b) where the number of those information returns is greater than 250 and less than 501, $500; (c) where the number of those information returns is greater than 500 and less than 2,501, $1,500; (e) in any other case, nil. (7.1) Where a member of a partnership fails to file an information return as a member of the partnership for a DIVISION I Returns, Assessments, Payment and Appeals fiscal period of the partnership as and when required by this Act or the regulations and subsection 162(10) does not set out a penalty for the failure, the partnership is liable to a penalty equal to the greater of $100 and the product obtained when $25 is multiplied by the number of days, not exceeding 100, during which the failure continues. (7.2) Every person who fails to file a return of income for a taxation year as required by subsection 150.1(2.1) is liable to a penalty equal to $1,000. (7.3) Every tax preparer who fails to file a return of income as required by subsection 150.1(2.3) is liable to a penalty equal to (a) $25 for each such failure in respect of a return of an individual; and (b) $100 for each such failure in respect of a return of a corporation. (7.4) Every person who fails to comply with subsection 160.5(2) is liable to a penalty equal to $100 for each such failure. Repeated failure to file (a) a penalty was payable under subsection 162(7.1) in respect of a failure by a member of a partnership to file an information return as a member of the partnership for a fiscal period of the partnership, (b) a demand for the return or for information required to be contained in the return has been served under section 233 on the member, and (c) a penalty was payable under subsection 162(7.1) in respect of the failure by a member of a partnership to file an information return as a member of the partnership for any of the 3 preceding fiscal periods, the partnership is liable, in addition to the penalty under subsection 162(7.1), to a penalty of $100 for each member of the partnership for each month or part of a month, not exceeding 24 months, during which the failure referred to in paragraph 162(8)(a) continues. (8.1) If a partnership is liable to a penalty under any of subsections (5) to (7.1), (7.3), (7.4), (8) and (10), then sections 152, 158 to 160.1, 161 and 164 to 167 and Division J apply, with any modifications that the circumstances require, to the penalty as if the partnership were a corporation. Failure to furnish foreign-based information
Unpaid balance of penalty NOTE: Application provisions are not included in the consolidated text; see relevant provisions of the Act and regulations. R.S., 1985, c. 1 (5th Supp.), s. 85; 1991, c. 49, s. 181; 1994, c. 7, Sch. II, s. 6; 1995, c. 21, s. 38; 1996, c. 21, s. 53; 1998, c. 25, s. 22; 2001, c. 17, s. 199; 2007, c. 2, s. 70; 2017, c. 33, s. 18; 2019, c. 29, s. 10; 2022, c. 19, s. 6; 2022, c. 19, s. 26; 2022, c. 19, s. 29; 2022, c. 19, s. 34. Impôt sur le revenu
Every person or partnership who, (a) knowingly or under circumstances amounting to gross negligence, fails to file an information return as and when required by any of sections 233.1 to 233.4 and 233.8, or (b) where paragraph 162(10)(a) does not apply, knowingly or under circumstances amounting to gross negligence, fails to comply with a demand under section 233 to file a return is liable to a penalty equal to the amount determined by the formula (c) where paragraph 162(10)(a) applies, the lesser of 24 and the number of months, beginning with the month in which the return was required to be filed, during any part of which the return has not been filed, and (d) where paragraph 162(10)(b) applies, the lesser of 24 and the number of months, beginning with the month in which the demand was served, during any part of which the return has not been filed, (e) where the person or partnership has failed to comply with a demand under section 233 to file a return, 2, and (f) in any other case, 1, and C is the penalty to which the person or partnership is liable under subsection 162(7) in respect of the return. Additional penalty DIVISION I Returns, Assessments, Payment and Appeals Penalties (a) a person or partnership is liable to a penalty under subsection 162(10) for the failure to file a return (other than an information return required to be filed under section 233.1), (b) if paragraph 162(10)(a) applies, the number of months, beginning with the month in which the return was required to be filed, during any part of which the return has not been filed exceeds 24, and (c) if paragraph 162(10)(b) applies, the number of months, beginning with the month in which the demand referred to in that paragraph was served, during any part of which the return has not been filed exceeds 24, the person or partnership is liable, in addition to the penalty determined under subsection 162(10), to a penalty equal to the amount determined by the formula (d) if the return is required to be filed under section 233.2 in respect of a trust, 5% of the total of the amounts each of which is the fair market value, at the time it was made, of a contribution of the person or partnership made to the trust before the end of the last taxation year of the trust in respect of which the return is required, (e) where the return is required to be filed under section 233.3 for a taxation year or fiscal period, 5% of the greatest of all amounts each of which is the total of the cost amounts to the person or partnership at any time in the year or period of a specified foreign property (as defined by subsection 233.3(1)) of the person or partnership, and (f) where the return is required to be filed under section 233.4 for a taxation year or fiscal period in respect of a foreign affiliate of the person or partnership, 5% of the greatest of all amounts each of which is the total of the cost amounts to the person or partnership at any time in the year or period of a property of the person or partnership that is a share of the capital stock or indebtedness of the affiliate, and B is the total of the penalties to which the person or partnership is liable under subsections 162(7) and 162(10) in respect of the return. Shares or debt owned by controlled foreign affiliate (a) shares or indebtedness owned by a controlled foreign affiliate of a person or partnership are deemed to be owned by the person or partnership; and (b) the cost amount at any time of such shares or indebtedness to the person or partnership is deemed to be equal to 20% of the cost amount at that time to the controlled foreign affiliate of the shares or indebtedness. Application to partnerships (10.3) For the purposes of paragraph (f) of the description of A in subsection 162(10.1) and subsection 162(10.2), in determining whether a non-resident corporation or trust is a foreign affiliate or a controlled foreign affiliate of a partnership, (a) the definitions direct equity percentage and equity percentage in subsection 95(4) shall be read as if a partnership were a person; and (b) the definitions controlled foreign affiliate and foreign affiliate in subsection 95(1) shall be read as if a partnership were a taxpayer resident in Canada. Application to non-resident trusts (a) a non-resident trust is deemed to be a controlled foreign affiliate of each beneficiary of which the trust is a controlled foreign affiliate for the purpose of section 233.4; (b) the trust is deemed to be a non-resident corporation having a capital stock of a single class divided into 100 issued shares; (c) each beneficiary under the trust is deemed to own at any time the number of the issued shares of the corporation that is equal to the proportion of 100 that (i) the fair market value at that time of the beneficiary’s beneficial interest in the trust is of (ii) the fair market value at that time of all beneficial interests in the trust; and (d) the cost amount to a beneficiary at any time of a share of the corporation is deemed to be equal to the amount determined by the formula A is the fair market value at that time of the beneficiary’s beneficial interest in the trust, and B is the number of shares deemed under paragraph 162(10.4)(c) to be owned at that time by the beneficiary in respect of the corporation. Effect of subsequent events
For the purpose of computing a penalty under subsection 162(1) or 162(2) in respect of a person’s return of income for a taxation year, the person’s tax payable under this Part for the year shall be determined before taking into consideration the specified future tax consequences for the year. Repeated failure to report income
(a) fails to report an amount, equal to or greater than $500, required to be included in computing the person’s income in a return filed under section 150 for a taxation year (in this subsection and subsection (1.1) referred to as the unreported amount); (b) had failed to report an amount, equal to or greater than $500, required to be included in computing the person’s income in any return filed under section 150 for any of the three preceding taxation years; and (c) is not liable to a penalty under subsection (2) in respect of the unreported amount. (1.1) The amount of the penalty to which the person is liable under subsection (1) is equal to the lesser of (a) 10% of the unreported amount, and (b) the amount determined by the formula A is the total of the amounts that would be determined under paragraphs (2)(a) to (g) if subsection (2) applied in respect of the unreported amount, and B is any amount deducted or withheld under subsection 153(1) that may reasonably be considered to be in respect of the unreported amount.
Every person who, knowingly, or under circumstances amounting to gross negligence, has made or has participated in, assented to or acquiesced in the making of, a false statement or omission in a return, form, certificate, statement or answer (in this section referred to as a “return”) filed or made in respect of a taxation year for the purposes of this Act, is liable to a penalty of the greater of $100 and 50% of the total of (a) the amount, if any, by which (i) the amount, if any, by which (A) the tax for the year that would be payable by the person under this Act (B) the amounts that would be deemed by subsections 120(2) and (2.2) to have been paid on account of the person’s tax for the year if the person’s taxable income for the year were computed by adding to the taxable income reported by the person in the person’s return for the year that portion of the person’s understatement of income for the year that is reasonably attributable to the false statement or omission and if the person’s tax payable for the year were computed by subtracting from the deductions from the tax otherwise payable by the person for the year such portion of any such deductions as may reasonably be attributable to the false statement or omission DIVISION I Returns, Assessments, Payment and Appeals (ii) the amount, if any, by which (A) the tax for the year that would have been payable by the person under this Act (B) the amounts that would be deemed by subsections 120(2) and (2.2) to have been paid on account of the person’s tax for the year had the person’s tax payable for the year been assessed on the basis of the information provided in the person’s return for the year, (c) the total of all amounts each of which is the amount, if any, by which (i) the amount that would be deemed by subsection 122.61(1) to be an overpayment on account of the person’s liability under this Part for the year that arose during a particular month or, where that person is a cohabiting spouse or common-law partner (within the meaning assigned by section 122.6) of an individual at the end of the year and at the beginning of the particular month, of that individual’s liability under this Part for the year that arose during the particular month, as the case may be, if that total were calculated by reference to the information provided (ii) the amount that is deemed by subsection 122.61(1) to be an overpayment on account of the liability of that person or that individual, as the case may be, under this Part for the year that arose during the particular month, (c.1) the amount, if any, by which (i) the total of all amounts each of which is an amount that would be deemed by section 122.5 to be paid by that person during a month specified for the year or, where that person is the qualified relation of an individual in relation to that specified month (within the meaning assigned by subsection 122.5(1)), by that individual, if that total were calculated by reference to the information provided in the person’s return of income (within the meaning assigned by subsection 122.5(1)) for the year DIVISION I Returns, Assessments, Payment and Appeals Penalties (ii) the total of all amounts each of which is an amount that is deemed by section 122.5 to be paid by that person or by an individual of whom the person is the qualified relation in relation to a month specified for the year (within the meaning assigned to subsection 122.5(1)), (c.2) the amount, if any, by which (i) the amount that would be deemed under subsection 122.51(2) to be paid on account of the person’s tax payable under this Part for the year if the amount were calculated by reference to the information provided in the return (ii) the amount that is deemed under subsection 122.51(2) to be paid on account of the person’s tax payable under this Part for the year, (c.3) the amount, if any, by which (i) the total of all amounts each of which is an amount that would be deemed by subsection 122.7(2) or (3) to be a payment on account of the person’s tax payable under this Part or the other person’s tax payable under this Part for the year if those amounts were calculated by reference to the information provided in the return (ii) the total of all amounts each of which is an amount that is deemed by subsection 122.7(2) or (3) to be a payment on account of the person’s tax payable under this Part and, where applicable, the other person’s tax payable under this Part for the year, (c.4) the amount, if any, by which (i) the total of all amounts each of which is an amount that would be deemed by section 122.8 to be paid by that person during a month specified for the year or, where that person is the qualified relation of an individual in relation to that specified month (within the meaning assigned by subsection 122.8(1)), by that individual, if that total were calculated by reference to the information provided in the person’s return of income (within the meaning assigned by subsection 122.8(1)) for the year (ii) the total of all amounts each of which is an amount that is deemed by section 122.8 to be paid by that person or by an individual of whom the person is the qualified relation in relation to a month specified for the year (within the meaning assigned by subsection 122.8(1)), (c.5) the amount, if any, by which (i) the total of all amounts each of which is an amount that would be deemed by subsection 122.9(2) to have been paid on account of the person’s tax payable under this Part for the year if that amount were calculated by reference to the person’s claim for the year under the subsection (ii) the total of all amounts each of which is the amount that the person is entitled to claim for the year under subsection 122.9(2), (c.6) the amount, if any, by which (i) the total of all amounts each of which is an amount that would be deemed by subsection 122.9(1) to have been paid on account of the person’s tax payable under this Part for the year if those amounts were calculated by reference to the information provided in the return (ii) the total of all amounts each of which is an amount that is deemed by subsection 122.9(1) to be a payment on account of the person’s tax payable under this Part for the taxation year, (i) the amount that would be deemed by subsection 127.1(1) to be paid for the year by the person if that amount were calculated by reference to the information provided in the return or form filed for the year pursuant to that subsection (ii) the amount that is deemed by that subsection to be paid for the year by the person, (d.1) the amount, if any, by which (i) the amount that would be deemed by subsection 127.44(2), 127.45(2), 127.48(2) or 127.49(2), as the case may be, to be paid for the year by the person if that amount were calculated by reference to the information provided in the return or form filed for the year under that subsection (ii) the amount that is deemed by subsection 127.44(2), 127.45(2), 127.48(2) or 127.49(2), as the case may be, to be paid for the year by the person, (e) the amount, if any, by which (i) the amount that would be deemed by subsection 127.41(3) to have been paid for the year by the person if that amount were calculated by reference to the person’s claim for the year under that subsection (ii) the maximum amount that the person is entitled to claim for the year under subsection 127.41(3), (f) the amount, if any, by which (i) the amount that would be deemed by subsection 125.4(3) to have been paid for the year by the person if that amount were calculated by reference to the information provided in the return filed for the year pursuant to that subsection (ii) the amount that is deemed by that subsection to be paid for the year by the person, (g) the amount, if any, by which (i) the amount that would be deemed by subsection 125.5(3) to have been paid for the year by the person if that amount were calculated by reference to the information provided in the return filed for the year pursuant to that subsection (ii) the amount that is deemed by that subsection to be paid for the year by the person, (h) the amount, if any, by which (i) the amount that would be deemed by subsection 125.6(2) or (2.1) to have been paid for the year by the person if that amount were calculated by reference to the information provided in the return filed for the year pursuant to that subsection (ii) the amount that is deemed by that subsection to be paid for the year by the person, and (i) the amount, if any, by which (i) the amount that would be deemed by subsections 125.7(2) and (2.2) to be an overpayment for the year by the person if that amount were calculated by reference to the information provided in the return filed for the year and to DIVISION I Returns, Assessments, Payment and Appeals Penalties (ii) the amount, if any, by which (i) the amount that would be deemed by any of subsections 125.7(2) to (2.2) to have been an overpayment by the person or partnership if that amount were calculated by reference to the information provided in the application filed pursuant to paragraph (a) of the definition qualifying entity in subsection 125.7(1), paragraph (a) of the definition qualifying renter in subsection 125.7(1) or paragraph (a) of the definition qualifying recovery entity in subsection 125.7(1), as the case may be (ii) the amount that is deemed by that subsection to be an overpayment by the person or partnership. (2.1) For the purposes of subsection 163(2), the taxable income reported by a person in the person’s return for a taxation year shall be deemed not to be less than nil and the understatement of income for a year of a person means the total of (a) the amount, if any, by which (i) the total of all amounts that were not reported by the person in the person’s return and that were required to be included in computing the person’s income for the year (ii) the total of such of the amounts deductible by the person in computing the person’s income for the year under the provisions of this Act as were wholly applicable to the amounts referred to in subparagraph 163(2.1)(a)(i) and were not deducted by the person in computing the person’s income for the year reported by the person in the person’s return, (b) the amount, if any, by which (i) the total of all amounts deducted by the person in computing the person’s income for the year reported by the person in the person’s return (ii) the total of such of the amounts referred to in subparagraph 163(2.1)(b)(i) as were deductible by the person in computing the person’s income for the year in accordance with the provisions of this Act, and DIVISION I Returns, Assessments, Payment and Appeals (c) the amount, if any, by which (i) the total of all amounts deducted by the person (otherwise than by virtue of section 111) from the person’s income for the purpose of computing the person’s taxable income for the year reported by the person in the person’s return (ii) the total of all amounts deductible by the person (otherwise than by virtue of section 111) from the person’s income for the purpose of computing the person’s taxable income for the year in accordance with the provisions of this Act. (2.2) Every person who, knowingly or under circumstances amounting to gross negligence, has made or has participated in, assented to or acquiesced in the making of, a false statement or omission in a renunciation that was to have been effective as of a particular date and that is purported to have been made under any of subsections 66(10) to 66(10.3), 66(12.6), 66(12.601) and 66(12.62), otherwise than because of the application of subsection 66(12.66), is liable to a penalty of 25% of the amount, if any, by which (a) the amount set out in the renunciation in respect of Canadian exploration expenses, Canadian development expenses or Canadian oil and gas property expenses (b) the amount in respect of Canadian exploration expenses, Canadian development expenses or Canadian oil and gas property expenses, as the case may be, that the corporation was entitled under the applicable subsection to renounce as of that particular date. False statement or omissions with respect to look-back rule (2.21) A person is liable to the penalty determined under subsection 163(2.22) where the person, (a) knowingly or under circumstances amounting to gross negligence has made or has participated in, assented to or acquiesced in the making of, a false statement or omission in a document required to be filed under subsection 66(12.73) in respect of a renunciation purported to have been made because of the application of subsection 66(12.66); or (b) fails to file the document on or before the day that is 24 months after the day on or before which it was required to be filed. (2.22) For the purpose of subsection 163(2.21), the penalty to which a person is liable in respect of a document required to be filed under subsection 66(12.73) is equal to 25% of the amount, if any, by which (a) the portion of the excess referred to in subsection 66(12.73) in respect of the document that was known or that ought to have been known by the person (b) where paragraph 163(2.21)(b) does not apply, the portion of the excess identified in the document, and (c) in any other case, nil. (2.3) Every person who, knowingly or under circumstances amounting to gross negligence, makes or participates in, assents to or acquiesces in the making of, a false statement or omission in a prescribed form required to be filed under subsection 66(12.691) or 66(12.701) is liable to a penalty of 25% of the amount, if any, by which (a) the assistance required to be reported in respect of a person or partnership in the prescribed form (b) the assistance reported in the prescribed form in respect of the person or partnership. (2.4) Every person or partnership who, knowingly or under circumstances amounting to gross negligence, makes or participates in, assents to or acquiesces in, the making of a false statement or omission in a return is liable to a penalty of (a) where the return is required to be filed under section 233.1, $24,000; (b) if the return is required to be filed under section 233.2 in respect of a trust, the greater of (i) $24,000, and (ii) 5% of the total of all amounts each of which is the fair market value, at the time it was made, of a contribution of the person or partnership made to the trust before the end of the last taxation year of the trust in respect of which the return is required; (c) where the return is required to be filed under section 233.3 for a taxation year or fiscal period, the greater of (i) $24,000, and (ii) 5% of the greatest of all amounts each of which is the total of the cost amounts to the person or partnership at any time in the year or period of a specified foreign property (as defined by subsection 233.3(1)(a)) of the person or partnership in respect of which the false statement or omission is made; (i) $24,000, and (ii) 5% of the greatest of all amounts each of which is the total of the cost amounts to the person or partnership at any time in the year or period of a property of the person or partnership that is a share of the capital stock or indebtedness of the foreign affiliate in respect of which the return is being filed; (e) where the return is required to be filed under section 233.6 for a taxation year or fiscal period, the greater of (i) $2,500, and (A) all amounts each of which is the fair market value of a property that is distributed to the person or partnership in the year or period by the trust and in respect of which the false statement or omission is made, and (B) all amounts each of which is the greatest unpaid principal amount of a debt that is owing to the trust by the person or partnership in the year or period and in respect of which the false statement or omission is made. Shares or debt owned by controlled foreign affiliate (a) shares or indebtedness owned by a controlled foreign affiliate of a person or partnership are deemed to be owned by the person or partnership; and (b) the cost amount at any time of such shares or indebtedness to the person or partnership is deemed to be equal to 20% of the cost amount at that time to the controlled foreign affiliate of the shares or indebtedness. Application to partnerships (2.6) For the purposes of paragraph 163.2(4)(d) and subsection 163.2(5), in determining whether a non-resident corporation or trust is a foreign affiliate or a controlled foreign affiliate of a partnership (a) the definitions equity percentage and equity percentage in subsection 95(4) shall be read as if a partnership were a person; and (b) the definitions controlled foreign affiliate and foreign affiliate in subsection 95(1) shall be read as if a partnership were a taxpayer resident in Canada. Application to partnerships (2.7) For the purpose of subsection 163.2(4), each act or omission of a member of a partnership in respect of an information return required to be filed by the partnership under section 233.3, 233.4 or 233.6 is deemed to be an act or omission of the partnership in respect of the return. Application to members of partnerships (2.8) For the purposes of this subsection and subsection 163.2(7), a person who is a member of a partnership that is a member of another partnership is deemed to be a member of the other partnership. Partnership liable to penalty (2.9) If a partnership is liable to a penalty under paragraph (2)(i), subsection (2.4) or (2.9) or section 163.2, 237.1, 237.3 or 237.4, sections 152, 158 to 160.1, 161 and 164 to 167 and Division J apply, with any changes that DIVISION I Returns, Assessments, Payment and Appeals Penalties the circumstances require, in respect of the penalty as if the partnership were a corporation. (2.901) Every eligible entity that is deemed by subsection 125.7(6) to have an amount of qualifying revenue — for a current reference period for a qualifying period — is liable to a penalty equal to 25% of the amount that would be deemed by subsection 125.7(2) or (2.1) to have been an overpayment by the eligible entity during that qualifying period if that amount were calculated by reference to the information provided in the application filed pursuant to paragraph (a) of the definition qualifying entity in subsection 125.7(1) or paragraph (a) of the definition qualifying renter in subsection 125.7(1), as the case may be. (2.902) Every eligible entity that is deemed by subsection 125.7(6.1) to have an amount of total current period remuneration for a qualifying period liable to a penalty equal to 25% of the amount that would be deemed by subsection 125.7(2.2) to have been an overpayment by the eligible entity during that qualifying period if that amount were calculated by reference to the information provided in the application filed pursuant to paragraph (a) of the definition qualifying recovery entity in subsection 125.7(1). Application to non-resident trusts (a) a non-resident trust is deemed to be a controlled foreign affiliate of each beneficiary of which the trust is a controlled foreign affiliate for the purpose of section 233.4; (b) the trust is deemed to be a non-resident corporation having a capital stock of a single class divided into 100 issued shares; (c) each beneficiary under the trust is deemed to own at any time the number of the issued shares of the corporation that is equal to the proportion of 100 that (i) the fair market value at that time of the beneficiary’s beneficial interest in the trust is (ii) the fair market value at that time of all beneficial interests in the trust; and DIVISION I Returns, Assessments, Payment and Appeals Penalties (d) the cost amount to a beneficiary at any time of a share of the corporation is deemed to be equal to the amount determined by the formula A is the fair market value at that time of the beneficiary’s beneficial interest in the trust, and B is the number of shares deemed under paragraph 163(2.91)(c) to be owned at that time by the beneficiary in respect of the corporation. Burden of proof in respect of penalties
terminant à la date à laquelle le choix ou choix modifié est fait; b) le produit, ne dépassant pas 8 000 $, de la multiplication de 100 $ par le nombre de mois tombant, en tout ou en partie, dans la période visée à l’alinéa a). Solde impayé de la pénalité
Where, in an appeal under this Act, a penalty assessed by the Minister under this section or section 163.2 is in issue, the burden of establishing the facts justifying the assessment of the penalty is on the Minister.
Le ministre, avec diligence, examine chaque choix ou choix modifié visé à l’alinéa (7)a) ou (7.1)c), calcule le montant de la pénalité payable et envoie un avis de cotisation au contribuable ou à la société de personnes, selon le cas; le contribuable ou la société de personnes, selon le cas, doit, sans délai, payer au receveur général l’excédent éventuel du montant estimatif de la pénalité sur l’ensemble des montants antérieurement payés au titre de cette pénalité. NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les dispositions pertinentes de la Loi et des règlements. L.R. (1985), ch. 1 (5e suppl.), art. 85; 1991, ch. 49, art. 181; 1994, ch. 7, ann. II, art. 6; 1995, ch. 21, art. 38; 1996, ch. 21, art. 53; 1998, ch. 25, art. 22; 2001, ch. 17, art. 199; 2007, ch. 2, art. 70; 2017, ch. 33, art. 18; 2019, ch. 29, art. 10; 2022, ch. 19, art. 6; 2022, ch. 19, art. 26; 2022, ch. 19, art. 29; 2022, ch. 19, art. 34. Échange d’actions
In determining under subsection 163(2.1) the understatement of income for a taxation year of a person, the following amounts shall be deemed not to be deductible or excludable in computing the person’s income for the year: (a) any amount that may be deducted under section 41 in respect of the person’s listed-personal-property loss for a subsequent taxation year; (b) any amount that may be excluded from the person’s income because of section 49 in respect of the exercise of any option in a subsequent taxation year; (b.1) any amount that may be deducted under subsection 147.2(4) in computing the person’s income for the year because of the application of subsection 147.2(6) as a result of the person’s death in the subsequent taxation year; and (c) any amount that may be deducted in computing the person’s income for the year because of an election made under paragraph 164(6)(c) or 164(6)(d) in a subsequent taxation year by the person’s legal representative.
a) sauf lorsque le vendeur a, dans sa déclaration d’impôt pour l’année d’imposition au cours de laquelle a eu lieu l’échange, inclus dans le calcul de son revenu pour cette année, toute partie du gain ou de la perte, par ailleurs déterminée, provenant de la disposition des actions échangées, le vendeur est réputé : (i) avoir tiré un produit de disposition des actions échangées égal au prix de base rajusté de celles-ci, pour lui, immédiatement avant l’échange, (ii) avoir acquis les actions de l’acheteur à un coût, pour lui, égal au prix de base rajusté des actions échangées, pour lui, immédiatement avant l’échange; en outre, lorsque les actions échangées étaient des biens canadiens imposables du vendeur, les actions de l’acheteur qu’il a ainsi acquises sont réputées l’être Income Tax PART I Income Tax DIVISION B Computation of Income
A person or partnership is liable to a penalty if the person or partnership (a) knowingly or under circumstances amounting to gross negligence (i) makes — or participates in, assents to or acquiesces in, the making of — a false statement or omission in a return of income of a trust that is not subject to one of the exceptions listed in paragraphs 150(1.2)(a) to (o) for a taxation year, or (ii) fails to file a return described in subparagraph (i); or (b) fails to comply with a demand under subsection 150(2) or 231.2(1) to file a return described in subparagraph (a)(i).
Where s. (1) does not apply (e) the vendor Impôt sur le revenu
The amount of the penalty to which the person or partnership is liable under subsection (5) is equal to the greater of (b) 5% of the highest amount at any time in the year that is equal to the total fair market value of all the property held by the trust referred to in subsection (5) at that time.
(a) the interest payable by the person under section 161 in respect of all instalments for the year exceeds the greater of (b) $1,000, and (c) 25% of the interest that would have been payable under that section in respect of those instalments if no instalment had been paid for the year. [NOTE: The provisions of application are not included in this consolidated text; see relevant amendments and regulations.] 1985, c. 55, art. 143. (c) 25% of the interest that would have been payable by the person under section 161 in respect of all instalments for the year if no instalment had been made for that year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1985, c. 55, s. 143. Misrepresentation of a Tax Matter by a Third Party
culpable conduct means conduct, whether an act or a failure to act, that (a) is tantamount to intentional conduct; (b) shows an indifference as to whether this Act is complied with; or entity includes an association, a corporation, a fund, a joint venture, an organization, a partnership, a syndicate and a trust. (entité) excluded activity, in respect of a false statement, means the activity of (a) promoting or selling (whether as principal or agent or directly or indirectly) an arrangement, an entity, a plan, a property or a scheme (in this definition referred to as the “arrangement”) where it can reasonably be considered that (ii) the definition tax shelter in subsection 237.1(1) applies to a person’s interest in the arrangement, or (iii) one of the main purposes for a person’s participation in the arrangement is to obtain a tax benefit; or false statement includes a statement that is misleading because of an omission from the statement. (faux énoncé) gross compensation of a particular person at any time, in respect of a false statement that could be used by or on behalf of another person, means all amounts to which the particular person, or any person not dealing at arm’s length with the particular person, is entitled, either before or after that time and either absolutely or contingently, to receive or obtain in respect of the statement. (rétribution brute) gross entitlements of a person at any time, in respect of a planning activity or a valuation activity of the person, means all amounts to which the person, or another person not dealing at arm’s length with the person, is entitled, either before or after that time and either absolutely or contingently, to receive or obtain in respect of the activity. (droits à paiement) participate includes (b) to know of, and to not make a reasonable attempt to prevent, the participation by a subordinate in an act or an omission of information. (participer) person includes a partnership. (personne) planning activity includes (a) organizing or creating, or assisting in the organization or creation of, an arrangement, an entity, a plan or a scheme; and subordinate, in respect of a particular person, includes any other person over whose activities the particular person has direction, supervision or control whether or not the other person is an employee of the particular person or of another person, except that, if the particular person is a member of a partnership, the other person is not a subordinate of the particular person solely because the particular person is a member of the partnership. (subalterne) tax benefit means a reduction, avoidance or deferral of tax or other amount payable under this Act or an increase in a refund of tax or other amount under this Act. (avantage fiscal) valuation activity of a person means anything done by the person in determining the value of a property or a service. (activité d’évaluation) Penalty for misrepresentations in tax planning arrangements
Every person who makes or furnishes, participates in the making of or causes another person to make or furnish a statement that the person knows, or would reasonably be expected to know but for circumstances amounting to culpable conduct, is a false statement that could be used by another person (in subsections (6) and (15) referred to as the “other person”) for a purpose of this Act is liable to a penalty in respect of the false statement.
également à tout moment de la période de 60 mois suivant l’échange; b) le coût pour l’acheteur de chaque action échangée à un moment donné qui n’est pas postérieur au moment où il a disposé de l’action est réputé être le moins élevé des montants suivants : (i) la juste valeur marchande de l’action immédiatement avant l’échange, (ii) le capital versé au titre de l’action immédiatement avant l’échange. Non-application du par. (1)
The penalty to which a person is liable under subsection (2) in respect of a false statement is (a) where the statement is made in the course of a planning activity or a valuation activity, the greater of $1,000 and the total of the person’s gross entitlements, at the time at which the notice of assessment of the penalty is sent to the person, in respect of the planning activity and the valuation activity; and Penalty for participating in a misrepresentation
Le paragraphe (1) ne s’applique pas dans l’un ou l’autre des cas suivants : a) le vendeur et l’acheteur avaient un lien de dépendance immédiatement avant l’échange (autrement qu’à cause d’un droit visé à l’alinéa 251(5)b) qui est un droit de l’acheteur d’acquérir les actions échangées); b) le vendeur, les personnes avec qui il a un lien de dépendance, ou le vendeur et les personnes avec qui il a un lien de dépendance : (i) soit contrôlaient l’acheteur, (ii) soit avaient la propriété effective d’actions du capital-actions de l’acheteur dont la juste valeur marchande est égale à plus de 50 % de la juste valeur marchande de toutes les actions en circulation du capital-actions de l’acheteur, immédiatement après l’échange; c) le vendeur et l’acheteur ont présenté un choix en vertu du paragraphe 85(1) ou (2) à l’égard des actions échangées; d) la contrepartie, à l’exception d’actions de la catégorie donnée du capital-actions de l’acheteur, a été reçue par le vendeur en compensation des actions échangées, malgré le fait que le vendeur ait pu disposer d’actions du capital-actions de la société acquise (à l’exception des actions échangées) en faveur de l’acheteur moyennant une contrepartie autre que des actions d’une catégorie du capital-actions de l’acheteur; e) le vendeur, à la fois : (i) est la société étrangère affiliée d’un contribuable résident au Canada à la fin de l’année d’imposition du vendeur au cours de laquelle l’échange a été effectué, Income Tax PART I Income Tax DIVISION B Computation of Income
Every person who makes, or participates in, assents to or acquiesces in the making of, a statement to, or by or on behalf of, another person (in this subsection, subsections (5) and (6), paragraph (12)(c) and subsection (15) referred to as the “other person”) that the person knows, or would reasonably be expected to know but for circumstances amounting to culpable conduct, is a false statement that could be used by or on behalf of the other person for a purpose of this Act is liable to a penalty in respect of the false statement.
Computation of paid-up capital exceeds that exceeds Impôt sur le revenu
The penalty to which a person is liable under subsection (4) in respect of a false statement is the greater of (i) the penalty to which the other person would be liable under subsection 163.2(2) if the other person made the statement in a return filed for the purposes of this Act and knew that the statement was false, and (ii) the total of $100,000 and the person’s gross compensation, at the time at which the notice of assessment of the penalty is sent to the person, in respect of the false statement that could be used by or on behalf of the other person. Reliance in good faith
For the purposes of subsections (2) and (4), a person (in this subsection and in subsection (7) referred to as the “advisor”) who acts on behalf of the other person is not considered to have acted in circumstances amounting to culpable conduct under subsection (2) or made the statement referred to in subsection (2) or (4) solely because the advisor relied, in good faith, on information provided to the advisor by or on behalf of the other person or, because of such reliance, failed to verify, investigate or correct the information. Non-application of subsection (6)
Subsection (6) does not apply in respect of a statement that an advisor makes (or participates in, assents to or acquiesces in the making of) in the course of an excluded activity. False statements in respect of a particular arrangement
For the purpose of applying this section (other than subsections (4) and (5)), (a) where a person makes or furnishes, participates in the making of or causes another person to make or furnish two or more false statements, the false statements are deemed to be one false statement if the statements are made or furnished in the course of (i) one or more planning activities that are in respect of a particular arrangement, entity, plan, property or scheme, or (ii) a valuation activity that is in respect of a particular property or service; and (b) for greater certainty, a particular arrangement, entity, plan, property or scheme includes an arrangement, an entity, a plan, a property or a scheme in respect of which (i) an interest is required to have, or has, an identification number issued under section 237.1 that is the same number as the number that applies to each other interest in the property, (ii) a selling instrument in respect of flow-through shares is required to be filed with the Minister because of subsection 66(12.68), or (iii) one of the main purposes for a person’s participation in the arrangement, entity, plan or scheme, or a person’s acquisition of the property, is to obtain a tax benefit. Clerical services
(ii) a inclus, dans le calcul de son revenu étranger accumulé, tiré de biens pour son année d’imposition au cours de laquelle l’échange a été effectué, une partie du gain ou de la perte, déterminé par ailleurs, provenant de la disposition des actions échangées. Capital versé suite à l’échange (2.1) L’acheteur qui a émis des actions de son capital-actions à cause d’un échange auquel le paragraphe (1) s’applique doit, dans le calcul du capital versé au titre d’une catégorie d’actions donnée de son capital-actions à un moment postérieur à l’émission : a) déduire le produit de la multiplication de l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le montant correspondant à l’augmentation — conséquence de l’émission — du capital versé au titre de la catégorie donnée, calculé compte non tenu du présent paragraphe dans la mesure où il s’applique à l’émission, (ii) le capital versé au titre des actions échangées reçues à cause de l’échange, par le rapport entre : (iii) d’une part, le montant correspondant à l’augmentation — conséquence de l’émission — du capital versé au titre de la catégorie donnée, calculé compte non tenu du présent paragraphe dans la mesure où il s’applique à l’émission, (iv) d’autre part, le montant visé au sous-alinéa (i); b) ajouter le moins élevé des montants suivants : (i) l’excédent éventuel du montant visé à la division (A) sur le montant visé à la division (B) : (A) le total des montants dont chacun représente un montant qui est réputé par le paragraphe 84(3), (4) ou (4.1) être un dividende que l’acheteur a versé sur des actions de la catégorie donnée avant ce moment postérieur, (B) le total qui serait déterminé en vertu de la division (A) compte non tenu de l’alinéa a), (ii) le total des montants à déduire en vertu de l’alinéa a) au titre de la catégorie donnée avant ce moment postérieur. Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this section, a person is not considered to have made, furnished or participated in, assented to or acquiesced in the making of, a false statement solely because the person provided clerical services (other than bookkeeping services) or secretarial services with respect to the statement.
Disposition of shares of foreign affiliate Impôt sur le revenu
Notwithstanding subsections (6) and 163(3), a statement as to the value of a property or a service (which value is in this subsection referred to as the “stated value”), made by the person who opined on the stated value or by a person in the course of an excluded activity is deemed to be a statement that the person would reasonably be expected to know, but for circumstances amounting to culpable conduct, is a false statement if the stated value is (a) less than the product obtained when the prescribed percentage for the property or service is multiplied by the fair market value of the property or service; or (b) greater than the product obtained when the prescribed percentage for the property or service is multiplied by the fair market value of the property or service.
Subsection (10) does not apply to a person in respect of a statement as to the value of a property or a service if the person establishes that the stated value was reasonable in the circumstances and that the statement DIVISION I Returns, Assessments, Payment and Appeals Misrepresentation of a Tax Matter by a Third Party was made in good faith and, where applicable, was not based on one or more assumptions that the person knew or would reasonably be expected to know, but for circumstances amounting to culpable conduct, were unreasonable or misleading in the circumstances. Special rules
For the purpose of applying this section, (a) where a person is assessed a penalty that is referred to in subsection (2) the amount of which is based on the person’s gross entitlements at any time in respect of a planning activity or a valuation activity and another assessment of the penalty is made at a later time, (i) if the person’s gross entitlements in respect of the activity are greater at that later time, the assessment of the penalty made at that later time is deemed to be an assessment of a separate penalty, (ii) in any other case, the notice of assessment of the penalty sent before that later time is deemed not to have been sent; (b) a person’s gross entitlements at any time in respect of a planning activity or a valuation activity, in the course of which the person makes or furnishes, participates in the making or causes another person to make or furnish a false statement, shall exclude the total of all amounts each of which is the amount of a penalty (other than a penalty the assessment of which is void because of subsection (13)) determined under paragraph (3)(a) in respect of the false statement for which notice of the assessment was sent to the person before that time; and (c) where a person is assessed a penalty that is referred to in subsection (4), the person’s gross compensation at any time in respect of the false statement that could be used by or on behalf of the other person shall exclude the total of all amounts each of which is the amount of a penalty (other than a penalty the assessment of which is void because of subsection (13)) determined under subsection (5) to the extent that the false statement was used by or on behalf of that other person and for which notice of the assessment was sent to the person before that time.
For the purposes of this Act, if an assessment of a penalty that is referred to in subsection (2) or (4) is vacated, the assessment is deemed to be void.
(ii) le total des montants à déduire, en application de l’alinéa 85.1(2.1)a), à l’égard de cette catégorie d’actions avant le moment donné. Émission réputée au profit du vendeur (2.2) Pour l’application du paragraphe (1), si un acheteur émet des actions d’une catégorie de son capital-actions (appelées « actions d’acheteur » au présent paragraphe) au profit d’une fiducie aux termes d’un plan d’arrangement approuvé par un tribunal et que, en contrepartie de cette émission, un vendeur dispose en faveur de l’acheteur d’actions échangées négociées sur une bourse de valeurs désignée, ne recevant en échange que des actions d’acheteur qui sont négociées couramment sur une bourse désignée immédiatement après l’exécution du plan d’arrangement et dans le cadre de son exécution, l’émission au profit de la fiducie est réputée être une émission au profit du vendeur. Disposition d’actions d’une société étrangère affiliée
A person who is liable at any time to a penalty under both subsections (2) and (4) in respect of the same false statement is liable to pay a penalty that is not more than the greater of (a) the total amount of the penalties to which the person is liable at that time under subsection (2) in respect of the statement, and (b) the total amount of the penalties to which the person is liable at that time under subsection (4) in respect of the statement. Employees
Lorsqu’un contribuable a disposé d’une immobilisation qui était des actions du capital-actions d’une société étrangère affiliée du contribuable en faveur d’une société étrangère affiliée du contribuable qui était, immédiatement après la disposition, une société étrangère affiliée du contribuable (appelée « l’acquéreur » au présent paragraphe) moyennant une contrepartie comprenant des actions du capital-actions de l’acquéreur, a) le coût, pour le contribuable, de tout bien (sauf les actions du capital-actions de l’acquéreur) à recevoir par le contribuable en contrepartie de la disposition est réputé être la juste valeur marchande du bien au moment de la disposition; b) le coût, pour le contribuable, des actions de toute catégorie du capital-actions de l’acquéreur, à recevoir par le contribuable en contrepartie de la disposition est réputé être la fraction de l’excédent éventuel du total des prix de base rajustés pour lui, immédiatement avant la disposition, des actions dont il a disposé sur la juste valeur marchande, à ce moment, de la contrepartie à recevoir pour la disposition (sauf des actions du capital-actions de l’acquéreur), représentée par le rapport entre : (i) d’une part, la juste valeur marchande, immédiatement après la disposition, des actions de cette catégorie de l’acquéreur, (ii) d’autre part, la juste valeur marchande, immédiatement après la disposition, de toutes les actions du capital-actions de l’acquéreur, à recevoir par le contribuable en contrepartie de la disposition; Exception (d) the vendor l’échange, le vendeur est réputé avoir fait ce qui suit, sauf si, dans sa déclaration de revenu pour l’année d’imposition de l’échange, il a inclus dans le calcul de son revenu pour cette année une partie de la perte ou du gain, déterminé par ailleurs, provenant de la disposition des actions étrangères échangées : a) avoir disposé des actions étrangères échangées pour un produit de disposition égal au prix de base rajusté de ces actions pour lui immédiatement avant l’échange; b) avoir acquis les actions étrangères émises à un coût, pour lui, égal au prix de base rajusté des actions étrangères échangées pour lui immédiatement avant l’échange. En outre, si les actions étrangères échangées étaient des biens canadiens imposables du vendeur, les actions étrangères émises qu’il a ainsi acquises sont réputées l’être également à tout moment de la période de 60 mois suivant l’échange. Inapplication du paragraphe (5)
Where an employee (other than a specified employee or an employee engaged in an excluded activity) is employed by the other person referred to in subsections (2) and (4), (a) subsections (2) to (5) do not apply to the employee to the extent that the false statement could be used by or on behalf of the other person for a purpose of this Act; and (b) the conduct of the employee is deemed to be that of the other person for the purposes of applying subsection 163(2) to the other person.
Le paragraphe (5) ne s’applique pas dans les cas suivants : a) le vendeur et l’acheteur étranger avaient un lien de dépendance immédiatement avant l’échange (autrement qu’à cause d’un droit visé à l’alinéa 251(5)b) qui permet à l’acheteur étranger d’acquérir les actions étrangères échangées); b) immédiatement après l’échange, le vendeur, des personnes avec lesquelles il a un lien de dépendance ou à la fois le vendeur et de telles personnes : (i) soit contrôlaient l’acheteur étranger, (ii) soit avaient la propriété effective d’actions du capital-actions de l’acheteur étranger dont la juste valeur marchande représentait plus de 50 % de la juste valeur marchande de l’ensemble des actions en circulation du capital-actions de cet acheteur; c) le vendeur a reçu, pour les actions étrangères échangées, une contrepartie non constituée d’actions étrangères émises, malgré qu’il ait pu avoir disposé d’actions du capital-actions de l’autre société visée au paragraphe (5) (sauf les actions étrangères échangées) en faveur de l’acheteur étranger pour une contrepartie non constituée d’actions du capital-actions de cet acheteur; d) le vendeur, à la fois : Income Tax PART I Income Tax DIVISION B Computation of Income
electronic cash register means a device that keeps a register or supporting documents through the means of an electronic device or computer system designed to record transaction data or any other electronic point-of-sale system. (caisse enregistreuse électronique) electronic suppression of sales device means (a) a software program that falsifies the records of electronic cash registers, including transaction data and transaction reports; or (b) a concealed device that is installed in, or used in conjunction with, an electronic cash register that (b) a hidden programming option, whether preinstalled or installed at a later time, embedded in the operating system of an electronic cash register or hardwired into the electronic cash register that service has the same meaning as in subsection 123(1) of the Excise Tax Act. (service)
Application of subsection (8) Impôt sur le revenu
Every person that uses, or that knowingly, or under circumstances attributable to neglect, carelessness or wilful default, participates in, assents to or acquiesces in the use of, an electronic suppression of sales device or a similar device or software in relation to records that are required to be kept by any person under section 230 is liable to a penalty of (b) $50,000 if the action of the person occurs after the Minister has assessed a penalty payable by the person under this section or section 285.01 of the Excise Tax Act.
Every person that acquires or possesses an electronic suppression of sales device or a right in respect of an electronic suppression of sales device that is, or is intended to be, capable of being used in relation to records that are required to be kept by any person under section 230 is liable to a penalty of (b) $50,000 if the action of the person occurs after the Minister has assessed a penalty payable by the person under this section or section 285.01 of the Excise Tax Act.
Every person that designs, develops, manufactures, possesses for sale, offers for sale, sells, transfers or otherwise makes available to another person, or that supplies installation, upgrade or maintenance services for, an electronic suppression of sales device that is, or is intended to be, capable of being used in relation to records that are required to be kept by any person under section 230 is liable to a penalty of (b) unless paragraph (c) applies, $50,000 if the action of the person occurs after the Minister has assessed a penalty payable by the person under subsection (2) or (3) or subsection 285.01(2) or (3) of the Excise Tax Act; or (c) $100,000 if the action of the person occurs after the Minister has assessed a penalty payable by the person under this subsection or subsection 285.01(4) of the Excise Tax Act. Assessment
The Minister may at any time assess a taxpayer in respect of any penalty payable by a person under subsections (2) to (4), and the provisions of this Division apply, with any modifications that the circumstances require, in respect of an assessment made under subsections (2) to (4) as though it had been made under section 152.
(i) est la société étrangère affiliée d’un contribuable résidant au Canada à la fin de l’année d’imposition du vendeur au cours de laquelle l’échange a été effectué, (ii) a inclus, dans le calcul de son revenu étranger accumulé, tiré de biens pour son année d’imposition au cours de laquelle l’échange a été effectué, une partie du gain ou de la perte, déterminé par ailleurs, provenant de la disposition des actions étrangères échangées; e) le vendeur est la société étrangère affiliée d’un contribuable résidant au Canada à la fin de l’année d’imposition du vendeur au cours de laquelle l’échange a été effectué, et les actions étrangères échangées sont des biens exclus, au sens du paragraphe 95(1), du vendeur. Émission réputée au profit du vendeur (6.1) Pour l’application du paragraphe (5), si un acheteur étranger émet des actions d’une catégorie de son capital-actions (appelées « actions d’acheteur étranger » au présent paragraphe) à une fiducie dans le cadre d’un plan d’arrangement ou d’un arrangement approuvé pour un tribunal en contrepartie de la disposition par un vendeur d’actions étrangères échangées, et que les actions d’acheteur étranger qui sont négociées couramment sur une bourse de valeurs désignée le sont immédiatement après l’exécution du plan d’arrangement ou dans le cadre de son exécution, l’émission au profit de la fiducie est réputée être une émission au profit du vendeur. Application du par. (8)
Despite section 152, if at any time the Minister assesses a penalty payable by a person under subsections (2) to (4), the Minister is not to assess, or after that time, another penalty payable by the person under subsections (2) to (4) that is in respect of an action of the person that occurred before that time. Certain defences not available
Le paragraphe (8) s’applique à l’égard de la disposition d’un intérêt dans une EIPD convertible (appelé « unité donnée » au paragraphe (8)), effectuée avant 2013 par un contribuable en faveur d’une société canadienne imposable, si les conditions suivantes sont réunies : a) la disposition est effectuée au cours d’une période d’au plus 60 jours (appelée « période d’échange » au présent paragraphe et au paragraphe (8)) à la fin de laquelle l’ensemble des intérêts dans l’EIPD convertible appartiennent à la société; b) le contribuable ne reçoit en contrepartie de la disposition qu’une action (appelée « action d’échange » au présent paragraphe et au paragraphe (8)) du capital-actions de la société qui est émise en sa faveur au cours de la période d’échange; c) les paragraphes 85(1) et (2) ne s’appliquent pas à la disposition; Income Tax PART I Income Tax DIVISION B Computation of Income
Except as otherwise provided in subsection (8), a person does not have a defence in relation to a penalty assessed under subsections (2) to (4) by reason that the person exercised due diligence to prevent the action from occurring.
(d) all of the exchange shares issued to holders of equity in the SIFT wind-up entity are shares of a single class of the capital stock of the corporation. (A – B) × C/A Impôt sur le revenu
A person is not liable for a penalty under subsection (3) or (4) in respect of an action of the person if the person exercised the degree of care, diligence and skill that a reasonably prudent person would have exercised in comparable circumstances to prevent the action from occurring. Assessment vacated
For the purposes of subsections (2) to (8), if an assessment of a penalty under subsections (2) to (4) is vacated, the penalty is deemed to have never been assessed. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2013, c. 40, s. 71.
(i) before sending the notice of assessment for the year, where the taxpayer is, for any purpose of the definition refundable investment tax credit (as defined in subsection 127.1(2)), a qualifying corporation (as defined in that subsection) and claims in its return of income for the year to have paid an amount on account of its tax payable under this Part for the year because of subsection 127.1(1) in respect of the definition refundable investment tax credit (as defined in subsection 127.1(2)), refund all or part of any amount claimed in the return as an overpayment for the year, not exceeding the amount by which the total determined under paragraph (f) of the definition refundable investment tax credit in subsection 127.1(2) in respect of the taxpayer for the year exceeds the total determined under paragraph (g) of that definition in respect of the taxpayer for the year, (ii) before sending the notice of assessment for the year, where the taxpayer is a qualified corporation (as defined in subsection 125.4(1)), an eligible production corporation (as defined in subsection 125.5(1)), or a qualifying journalism organization (as defined in subsection 125.6(1)) and an amount is deemed under subsection 125.4(3), 125.5(3) or 125.6(2) or (2.1) to have been paid on account of its tax payable under this Part for the year, refund all or part of any amount claimed in the return as an overpayment for the year, not exceeding the total of those amounts so deemed to have been paid, and (iii) on or after sending the notice of assessment for the year, refund any overpayment for the year, to the extent that the overpayment was not refunded pursuant to subparagraph (i) or (ii); and DIVISION I Returns, Assessments, Payment and Appeals (b) shall, with all due dispatch, make the refund referred to in subparagraph (a)(iii) after sending the notice of assessment if application for it is made in writing by the taxpayer within the period within which the Minister would be allowed under subsection 152(4) to assess tax payable under this Part by the taxpayer for the year if that subsection were read without reference to paragraph 152(4)(a). Repayment on objections and appeals (a) has under section 165 served a notice of objection to an assessment and the Minister has not within 120 days after the day of service confirmed or varied the assessment or made a reassessment in respect thereof, or (b) has appealed from an assessment to the Tax Court of Canada, and has applied in writing to the Minister for a payment of an amount assessed, the Minister shall not, where no authorization has been granted under subsection 225.2(2) in respect of the amount assessed, with all due dispatch repay all amounts paid on account of that amount or surrender security accepted therefor to the extent that (c) the lesser of (i) the total of the amounts so paid and the value of the security, and (ii) the amount so assessed (i) the amount, if any, so assessed that is not in controversy, and (ii) 1/2 of the amount so assessed that is in controversy if (A) the taxpayer is a large corporation (within the meaning assigned by subsection 225.1(8)), or (B) the amount is in respect of a particular amount claimed under section 110.1 or 118.1 and the particular amount was claimed in respect of a tax shelter. (1.2) Notwithstanding subsection 164(1.1), where, on application by the Minister made within 45 days after the receipt by the Minister of a written request by a taxpayer for repayment of an amount or surrender of a security, a judge is satisfied that there are reasonable grounds to believe that the collection of all or any part of an amount assessed in respect of the taxpayer would be jeopardized by the repayment of the amount or the surrender of the security to the taxpayer under that subsection, the judge shall order that the repayment of the amount or a part thereof not be made or that the security or part thereof not be surrendered or make such other orders as the judge considers reasonable in the circumstances. Notice of application (1.3) The Minister shall give 6 clear days notice of an application under subsection 164(1.2) to the taxpayer in respect of whom the application is made. (1.31) Where an application under subsection 164(1.2) is made by the Minister, subsections 225.2(4), 225.2(10), 225.2(12) and 225.2(13) are applicable in respect of the application with such modifications as the circumstances require. Provincial refund (1.4) Where, at any time, a taxpayer is entitled to a refund or repayment on account of taxes imposed by a province or as a result of a deduction in computing the taxes imposed by a province and the Government of Canada has agreed to make the refund or repayment on behalf of the province, the amount thereof shall be a liability of the Minister of National Revenue to the taxpayer. (1.5) Notwithstanding subsection (1), the Minister may, on or after sending a notice of assessment for a taxation year, refund all or any portion of any overpayment of a taxpayer for the year (a) if the taxpayer is an individual (other than a trust) or a graduated rate estate for the year and the taxpayer’s return of income under this Part for the year was filed on or before the day that is 10 calendar years after the end of the year; (b) where an assessment or a redetermination was made under subsection 152(4.2) or 220(3.1) or 220(3.4) in respect of the taxpayer; or DIVISION I Returns, Assessments, Payment and Appeals (c) to the extent that the overpayment relates to an assessment of another taxpayer under subsection 227(10) or (10.1) (in this paragraph referred to as the “other assessment”), if the taxpayer’s return of income under this Part for the taxation year is filed on or before the day that is two years after the date of the other assessment and if the other assessment relates to (i) in the case of an amount assessed under subsection 227(10), a payment to the taxpayer of a fee, commission or other amount in respect of services rendered in Canada by a non-resident person or partnership, and (ii) in the case of an amount assessed under subsection 227(10.1), an amount payable under subsection 116(5) or (5.3) in respect of a disposition of property by the taxpayer. (1.51) Subsection (1.52) applies to a taxpayer for a taxation year if, at any time after the beginning of the year (a) the taxpayer has, in respect of the tax payable by the taxpayer under this Part (and, if the taxpayer is a corporation, Parts I.3, VI, VI.1 and XIII.1) for the year, paid under any of sections 155 to 157 one or more instalments of tax; (b) it is reasonable to conclude that the total amount of those instalments exceeds the total amount of taxes that will be payable by the taxpayer under those Parts for the year; and (c) the Minister is satisfied that the payment of the instalments has caused or will cause undue hardship to the taxpayer. (1.52) If this subsection applies to a taxpayer for a taxation year, the Minister may refund to the taxpayer all or any part of the excess referred to in paragraph (1.51)(b). Penalties, interest not affected (1.53) For the purpose of the calculation of any penalty or interest under this Act, an instalment is deemed not to have been paid to the extent that all or any part of the instalment can reasonably be considered to have been refunded under subsection (1.52). (1.6) Notwithstanding subsection (2.01), at any time after the beginning of a taxation year of a taxpayer in which an overpayment is deemed to have arisen under any of subsections 125.7(2) to (2.2), the Minister may refund to the taxpayer all or any part of the overpayment. (1.61) For the purposes of subsection (1.6), references to a taxpayer include a partnership and the reference to a taxation year includes a fiscal period. Limitation of repayment on objections and appeals (1.7) Subsection 164(1.1) does not apply in respect of an amount paid or security furnished under section 116 by a non-resident person. Request to pay refund to province (1.8) An individual (other than a trust) may, in the individual’s return of income for a taxation year, request the Minister to pay to Her Majesty in right of a prescribed province all or any part of a refund for the year claimed by the individual in the return and, where the individual makes such a request, (a) the Minister may make the payment to Her Majesty in right of the province in accordance with the request; and (b) the amount of the payment is deemed to have been refunded under this section to the individual at the time a notice of an original assessment of tax payable under this Part by the individual for the year, or a notification that no tax is payable under this Part by the individual for the year, is sent to the individual. Application to other debts
Instead of making a refund or repayment that might otherwise be made under this section, the Minister may, where the taxpayer is, or is about to become, liable to make any payment to Her Majesty in right of Canada or in right of a province, apply the amount of the refund or repayment to that other liability and notify the taxpayer of that action. (2.01) The Minister shall not, in respect of a taxpayer, refund, repay, apply to other debts or set-off amounts under this Act at any time unless all returns of which the Minister has knowledge and that are required to be filed DIVISION I Returns, Assessments, Payment and Appeals by the taxpayer at or before that time under this Act, the Excise Tax Act, the Air Travellers Security Charge Act, the Excise Act, 2001, the Underused Housing Tax Act, the Select Luxury Items Tax Act, the Digital Services Tax Act and the Global Minimum Tax Act have been filed with the Minister. (2.1) Where an amount deemed under section 122.5 to be paid by an individual during a month specified for a taxation year is applied under subsection (2) to a liability of the individual and the individual’s return of income for the year is filed on or before the individual’s balance-due day for the year, the amount is deemed to have been so applied on the day on which the amount would have been refunded if the individual were not liable to make a payment to Her Majesty in right of Canada. Application respecting refunds re section 122.61 (2.2) Subsection 164(2) does not apply to a refund to be made to a taxpayer and that arises because of an amount applied to the taxpayer under the taxpayer’s liability referred to in that subsection arose from the operation of paragraph 160.1(1)(a) with respect to an amount refunded to the taxpayer in excess of the amount to which the taxpayer was entitled because of section 122.61. Application respecting refunds — Climate Action Incentive (2.21) Where an amount deemed under section 122.8 to be paid by an individual during a month specified for a taxation year is applied under subsection (2) to a liability of the individual and the individual’s return of income for the year is filed on or before the individual’s balance-due day for the year, the amount is deemed to have been so applied on the day on which the amount would have been refunded if the individual were not liable to make a payment to Her Majesty in right of Canada. Application respecting refunds under section 122.72 (2.22) Where an amount deemed under section 122.72 to be paid by an individual during a month specified for a taxation year is applied under subsection (2) to a liability of the individual and the individual’s return of income for the year is filed on or before the individual’s balance-due day for the year, the amount is deemed to have been so applied on the day on which the amount would have been refunded if the individual were not liable to make a payment to Her Majesty in right of Canada. DIVISION I Returns, Assessments, Payment and Appeals refunded if the individual were not liable to make a payment to His Majesty in right of Canada. Form deemed to be return of income (2.3) For the purpose of subsection (1), where a taxpayer files the form referred to in paragraph (b) of the definition return of income in section 122.6 for a taxation year, the form is deemed to be a return of the taxpayer’s income for that year and a notice of assessment in respect of that return is deemed to have been sent by the Minister. Interest on refunds and repayments
d) l’ensemble des actions d’échange, émises en faveur de détenteurs d’intérêts dans l’EIPD convertible, font partie d’une seule catégorie du capital-actions de la société. Roulement en cas d’échange
If, under this section, an amount in respect of a taxation year (other than an amount, or a portion of the amount, that can reasonably be considered to arise from the operation of paragraph 60(n.2) or section 122.5, 122.61, 122.62, 122.8, 125.7 or 127.421) is refunded or repaid to a taxpayer or applied to another liability of the taxpayer, the Minister shall pay or apply interest on it at the prescribed rate for the period that begins on the day that is the latest of the days referred to in the following paragraphs and that ends on the day on which the amount is refunded, repaid or applied: (a) if the taxpayer is an individual, the day that is 30 days after the individual’s balance-due day for the year; (b) if the taxpayer is a corporation, the day that is 120 days after the end of the year; (c) if the taxpayer is (i) a corporation, the day that is 30 days after the day on which its return of income for the year was filed under section 150, unless the return was filed on or before the corporation’s filing-due date for the year, and (ii) an individual, the day that is 30 days after the day on which the individual’s return of income for the year was filed under section 150; (e) in the case of a repayment of an amount in controversy, the day on which an overpayment equal to the amount of the repayment would have arisen if the total of all amounts payable on account of the taxpayer’s liability under this Part for the year were the amount by which DIVISION I Returns, Assessments, Payment and Appeals (i) the lesser of the total of all amounts paid on account of the taxpayer’s liability under this Part for the year and the total of all amounts assessed by the Minister as payable under this Part by the taxpayer for the year (ii) the amount repaid. (3.1) Where at a particular time interest has been paid to, or applied to a liability of, a taxpayer under subsection 164(3) or 164(3.2) in respect of an overpayment and it is determined at a subsequent time that the actual overpayment was less than the overpayment in respect of which interest was paid or applied, (a) the amount by which the interest that has been paid or applied exceeds the interest, if any, computed in respect of the amount that is determined at the subsequent time to be the actual overpayment shall be deemed to be an amount (in this subsection referred to as “the amount payable”) that became payable under this Part by the taxpayer at the particular time; (b) the taxpayer shall pay to the Receiver General interest at the prescribed rate on the amount payable computed from that particular time to the day of payment; and (c) the Minister may at any time assess the taxpayer in respect of the amount payable and, where the Minister makes such an assessment, the provisions of this Division are applicable, with such modifications as the circumstances require, in respect of the assessment as though it had been made under section 152. Interest where amounts cancelled (3.2) Notwithstanding subsection (3), if an overpayment of a taxpayer for a taxation year is determined because of an assessment made under subsection 152(4.2) or 220(3.1) or (3.4) and an amount in respect of the overpayment is refunded to, or applied to another liability of, the taxpayer under subsection (1.5) or (2), the Minister shall pay or apply interest on the overpayment at the prescribed rate for the period beginning on the day that is 30 days after the day on which the Minister received a request in a manner satisfactory to the Minister to apply those subsections and ending on the day on which the amount is refunded or applied. Interest on interest repaid
En cas d’application du présent paragraphe à l’égard de la disposition d’une unité donnée d’une EIPD convertible, effectuée par un contribuable en faveur d’une société en contrepartie d’une action d’échange, les règles suivantes s’appliquent : a) le produit de disposition de l’unité donnée pour le contribuable et le coût de l’action d’échange sont réputés correspondre au coût indiqué pour lui de l’unité donnée immédiatement avant la disposition; b) si l’unité donnée était un bien canadien imposable du contribuable immédiatement avant la disposition, l’action d’échange est réputée l’être également à tout moment de la période de 60 mois suivant la disposition; c) si la juste valeur marchande de l’action d’échange immédiatement après la disposition excède celle de l’unité donnée au moment de la disposition, l’excédent est réputé être une somme qui est à inclure, en vertu de l’article 15, dans le calcul du revenu du contribuable pour son année d’imposition au cours de laquelle la disposition s’effectue; d) si la juste valeur marchande de l’unité donnée au moment de la disposition excède celle de l’action d’échange immédiatement après la disposition et qu’il est raisonnable de considérer une partie quelconque de l’excédent comme un avantage que le contribuable souhaitait faire conférer à une personne, une société de personnes, avec laquelle il a un lien de dépendance, l’excédent est réputé être une somme qui est à inclure, en vertu de l’article 15, dans le calcul du revenu du contribuable pour son année d’imposition au cours de laquelle la disposition s’effectue; e) le coût de l’unité donnée pour la société est réputé être égal à la moins élevée des sommes suivantes : (i) sa juste valeur marchande immédiatement avant la disposition, (ii) la valeur de l’élément B de la formule figurant à l’alinéa f) relativement à l’unité donnée; f) dans le calcul du capital versé relativement à chaque catégorie d’actions du capital-actions de la société à un moment donné après la disposition, il est déduit le montant déterminé par la formule (A – B) × C/A Income Tax PART I Income Tax DIVISION B Computation of Income
Where at any particular time interest has been paid to, or applied to a liability of, a taxpayer pursuant to subsection 164(3) in respect of the repayment of an amount in controversy made to, or applied to a liability of, the taxpayer and it is determined at a subsequent time that the repayment or a part thereof is payable by the taxpayer under this Part, the following rules apply: (a) the interest so paid or applied on that part of the repayment that is determined at the subsequent time to be payable by the taxpayer under this Part shall be deemed to be an amount (in this subsection referred to as the “interest excess”) that became payable under this Part by the taxpayer at the particular time; (b) the taxpayer shall pay to the Receiver General interest at the prescribed rate on the interest excess computed from the particular time to the day of payment; and (c) the Minister may at any time assess the taxpayer in respect of the interest excess and, where the Minister makes such an assessment, the provisions of this Division and Division J are applicable, with such modifications as the circumstances require, in respect of the assessment as though it had been made under section 152. Duty of Minister (4.1) Where the Tax Court of Canada, the Federal Court of Appeal or the Supreme Court of Canada has, on the disposition of an appeal in respect of taxes, interest or a penalty payable under this Part by a taxpayer resident in Canada, (a) referred an assessment back to the Minister for reconsideration and reassessment, or (b) varied or vacated an assessment, the Minister shall with all due dispatch, whether or not an appeal from the decision of the Court has been or may be instituted, (c) where the assessment has been referred back to the Minister, reconsider the assessment and make a reassessment in accordance with the decision of the Court, unless otherwise directed in writing by the taxpayer, and and the Minister may repay any tax, interest or penalties or surrender any security accepted therefor by the Minister to that taxpayer or any other taxpayer who has filed another objection or instituted another appeal if, having regard to the reasons given on the disposition of the appeal, the Minister is satisfied that it would be just and equitable to do so, but for greater certainty, the Minister may, in accordance with the provisions of this Act, the Tax Court of Canada Act, the Federal Courts Act or the Supreme Court Act as they relate to appeals from decisions of the Tax Court of Canada or the Federal Court of Appeal, appeal from the decision of the Court notwithstanding any variation or vacation of any assessment by the Court or any reassessment made by the Minister under paragraph 164(4.1)(c).
where D - E where D is f) la somme obtenue par le calcul ci-après est déduite dans le calcul du capital versé au titre de chaque catégorie d’actions du capital-actions de la société après la disposition : (A - B) × C/A où : A représente le montant de l’augmentation, découlant de la disposition, du capital versé au titre de l’ensemble des actions du capital-actions de la société, calculé compte non tenu du présent alinéa dans la mesure où il s’applique à la disposition, B la somme obtenue par la formule suivante : D - E où : D représente : (i) sauf si le sous-alinéa (ii) s’applique, le total des sommes dont chacune représente celle des sommes suivantes qui est applicable : (A) si l’EIPD convertible est une fiducie, la juste valeur marchande d’un bien reçu par l’EIPD convertible lors de l’émission de l’unité donnée, (B) si elle est une société de personnes, (I) une somme qui a été ajoutée, à un moment donné, dans le calcul du prix de base rajusté de l’unité donnée pour un contribuable quelconque, au plus tard au moment de la disposition, par l’effet du sous-alinéa 53(1)e)(iv) ou (x), (II) une somme qui aurait été ajoutée, à un moment donné, dans le calcul du prix de base rajusté de l’unité donnée pour un contribuable quelconque, au plus tard au moment de la disposition, par l’effet du sous-alinéa 53(1)e)(i) si le paragraphe 96(1) s’appliquait compte non tenu de son alinéa d) et si la société de personnes déduisait toutes les sommes qui sont déductibles par ailleurs par l’effet de cet alinéa, (ii) si l’EIPD convertible a émis une unité à la fin de la période d’échange ou par la suite, zéro, E le total des sommes dont chacune représente celle des sommes suivantes qui est applicable : [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 85; 1994, c. 7, Sch. VIII, s. 36, c. 21, s. 37; 2001, c. 17, s. 63; 2009, c. 2, s. 18; 2010, c. 12, s. 7; 2013, c. 34, ss. 63, 221.] (i) si l’EPD convertible est une fiducie, une somme qui est devenue payable par elle, relativement à l’unité donnée, à tout détenteur de l’unité au plus tard au moment de la disposition, à l’exception d’une somme qui est devenue payable sur revenu, déterminé compte non tenu du paragraphe 104(6), ou sur des gains en capital, (ii) si l’EPD convertible est une société de personnes, une somme qui : (A) a été déduite, à un moment donné, dans le calcul du prix de base rajusté de l’unité donnée pour un contribuable quelconque, au plus tard au moment de la disposition, par l’effet du sous-alinéa 53(2)c)(iv) ou (v), (B) aurait été déduite, à un moment donné, dans le calcul du prix de base rajusté de l’unité donnée pour un contribuable quelconque, au plus tard au moment de la disposition, par l’effet du sous-alinéa 53(2)c)(ii) si le paragraphe 96(1) s’appliquait compte non tenu de son alinéa d) et si la société de personnes avait déduit toutes les sommes qui sont déductibles par ailleurs par l’effet de cet alinéa, C le montant de l’augmentation, découlant de la disposition, du capital versé au titre de la catégorie d’actions, calculé compte non tenu du présent alinéa dans la mesure où il s’applique à la disposition. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent codification; voir les lois et règlements modificatifs appropriés : L.R. (1985), ch. 1 (5e suppl.), art. 85; 1994, ch. 7, ann. VIII, art. 36, ch. 21, art. 37; 2001, ch. 17, art. 63; 2009, ch. 2, art. 18; 2010, ch. 12, art. 7; 2013, ch. 34, art. 63 et 221.] Échange d’actions par un actionnaire dans le cadre d’un remaniement du capital 86 (1) Lorsque, à un moment donné après le 6 mai 1974, au cours d’un remaniement du capital d’une société, un contribuable a disposé d’immobilisations qui consistaient dans la totalité des actions d’une catégorie donnée du capital-actions de la société qui lui appartenaient à ce moment donné (appelées les « anciennes actions » au présent article), et que des biens à recevoir de la société comprennent d’autres actions du capital-actions de la société (appelées les « nouvelles actions » au présent article), les règles suivantes s’appliquent : a) le coût supporté par le contribuable pour tout bien (autre que des nouvelles actions) qu’il doit recevoir en échange des anciennes actions est réputé être la juste valeur marchande du bien au moment de la disposition; Idem b) le coût supporté par le contribuable pour toutes nouvelles actions d’une catégorie donnée du capital-actions de la société qu’il doit recevoir en échange des anciennes actions est réputé être la fraction de l’excédent éventuel du prix de base total rajusté, pour lui, immédiatement avant la disposition, des anciennes actions sur la juste valeur marchande à ce moment de la contrepartie à recevoir en échange des anciennes actions (autres que de nouvelles actions), représentée par le rapport entre : (i) d’une part, la juste valeur marchande, immédiatement après la disposition, de ces nouvelles actions de cette catégorie, et (ii) d’autre part, la juste valeur marchande, immédiatement après la disposition, de toutes les nouvelles actions au capital-actions de la société qu’il doit recevoir en échange des anciennes actions; c) le contribuable est réputé avoir disposé des anciennes actions pour un produit de disposition égal au coût, pour lui, de toutes les nouvelles actions et autres biens qu’il doit recevoir en échange des anciennes actions. Idem
For the purpose of subsection 164(3), the portion of any overpayment of the tax payable by a taxpayer for a taxation year that arose as a consequence of (a) the deduction of an amount, in respect of a repayment under subsection 68.4(7) of the Excise Tax Act made in a subsequent taxation year, in computing the amount determined under subparagraph 12(1)(x.1)(ii), (a.1) any amount deducted under section 119 in respect of the disposition of a taxable Canadian property in a subsequent taxation year, (b) the deduction of an amount under section 41 in respect of the taxpayer’s listed-personal-property loss for a subsequent taxation year, (c) the exclusion of an amount from the taxpayer’s income for the year by virtue of section 49 in respect of the exercise of an option in a subsequent taxation year, (d) the deduction of an amount under section 118.1 in respect of a gift made in a subsequent taxation year or under section 111 in respect of a loss for a subsequent taxation year, (e) the deduction of an amount under subsection 126(2) in respect of an unused foreign tax credit (within the meaning assigned by subsection 126(7)), or under subsection 126(2.21) or (2.22) in respect of foreign taxes paid, for a subsequent taxation year, (f) the deduction of an amount under subsection 127(5) in respect of property acquired or an expenditure made in a subsequent taxation year, (h) the deduction of an amount under section 125.3 in respect of an unused Part I.3 tax credit (within the meaning assigned by subsection 125.3(3)) for a subsequent taxation year, (h.01) the deduction of an amount under subsection 147.2(4) in computing the taxpayer’s income for the year because of the application of subsection 147.2(6) as a result of the taxpayer’s death in the following taxation year, (h.02) the deduction under any of subsections 128.1(6) to (8) of an amount from the taxpayer’s proceeds of disposition of a property, because of an election made in a return of income for a subsequent taxation year, (h.1) the deduction of an amount in computing the taxpayer’s income for the year by virtue of an election for a subsequent taxation year under paragraph 164(6)(c) or 164(6)(d) by the taxpayer’s legal representative, (h.2) the deduction of an amount under subsection 181.1(4) in respect of an unused surtax credit (within the meaning assigned by subsection 181.1(6)) of the taxpayer for a subsequent taxation year, (h.3) the deduction of an amount under subsection 190.1(3) in respect of an unused Part I tax credit (within the meaning assigned by subsection 190.1(5)) of the taxpayer for a subsequent taxation year, or (h.4) the reduction of the amount included under subsection 91(1) for the year because of a reduction referred to in paragraph 152.6(1)(b) in the foreign accrual property income of a foreign affiliate of the taxpayer for a taxation year of the affiliate that ends in the year, is deemed to have arisen on the day that is 30 days after the latest of (i) the first day immediately following that subsequent taxation year, (j) the day on which the taxpayer’s or the taxpayer’s legal representative’s return of income for that subsequent taxation year was filed, and (k) if an amended return of a taxpayer’s income for the year or a prescribed form amending the taxpayer’s return of income for the year was filed under paragraph (6)(e) or subsection 49(4) or 152(6) or 6.1, the day on which the amended return or prescribed form was filed. DIVISION I Returns, Assessments, Payment and Appeals (l) where, as a consequence of a request in writing, the Minister reassessed the taxpayer’s tax for the year to take into account the deduction or exclusion, the day on which the request was made. Interest - disputed amounts (5.1) Where a portion of a repayment made under subsection (1.1) or (4.1), or an amount applied under subsection (2) in respect of a repayment, can reasonably be regarded as being in respect of a claim made by the taxpayer in an objection to or appeal from an assessment of tax for a taxation year for a deduction or exclusion described in subsection (5) in respect of a subsequent taxation year, interest shall not be paid or applied on the portion for any part of a period that is before the latest of the dates described in paragraphs (5)(i) to (l). Disposition by legal representative of deceased
Malgré les alinéas (1)b) et c), lorsqu’un contribuable a disposé d’anciennes actions dans des circonstances visées au paragraphe (1) et que la juste valeur marchande des anciennes actions, immédiatement avant la disposition, dépasse le total des montants suivants : a) le coût supporté par le contribuable pour le bien (autre que des nouvelles actions) reçu par lui en échange des anciennes actions tel que calculé conformément à l’alinéa (1)a); b) la juste valeur marchande, immédiatement après la disposition, des nouvelles actions, et qu’il est raisonnable de considérer toute fraction de cet excédent (appelée la « partie donnée » au présent paragraphe) comme un avantage que le contribuable désirait voir conférer à une personne à laquelle il est lié, les règles suivantes s’appliquent : c) le contribuable est réputé avoir disposé des anciennes actions pour un produit de disposition égal au moindre des montants suivants : (i) le total du coût supporté par lui pour le bien, tel que déterminé à l’alinéa (1)a), et de la partie donnée, (ii) la juste valeur marchande des anciennes actions immédiatement avant la disposition; (d) the taxpayer's capital loss from the disposition of the old shares shall be deemed to be nil, and Computation of paid-up capital (A - B) × C/A where d) la perte en capital subie par le contribuable lors de la disposition des anciennes actions est réputée nulle; e) le coût supporté par le contribuable pour toutes nouvelles actions d’une catégorie donnée du capital-actions de la société qui sont recevables par lui en contrepartie des anciennes actions est réputé être la fraction de l’excédent éventuel du total des prix de base rajustés pour lui, immédiatement avant la disposition, des anciennes actions sur le total déterminé en vertu du sous-alinéa c)(i) représentée par le rapport entre : (i) d’une part, la juste valeur marchande, immédiatement après la disposition, des nouvelles actions de cette catégorie, (ii) d’autre part, la juste valeur marchande, immédiatement après la disposition, de toutes les nouvelles actions du capital-actions de la société qui sont recevables par lui en contrepartie des anciennes actions. Calcul du capital versé (2.1) En cas d’application du paragraphe (1) à une disposition d’actions du capital-actions d’une société, les opérations suivantes interviennent dans le calcul du capital versé au titre d’une catégorie donnée d’actions du capital-actions de la société à un moment donné qui coïncide avec le moment de l’échange ou est postérieur : a) est déduit dans ce calcul le résultat du calcul suivant : (A - B) × C/A où : A représente le total des montants représentant chacun le montant éventuel dont le capital versé au titre d’une catégorie d’actions du capital-actions de la société a augmenté en raison de l’échange, déterminé compte non tenu du présent paragraphe dans son application à l’échange, B l’excédent éventuel du capital versé au titre des anciennes actions sur la juste valeur marchande de la contrepartie (à l’exclusion des actions du capital-actions de la société) que la société a versée pour les anciennes actions lors de l’échange, C le montant éventuel dont le capital versé au titre de la catégorie donnée d’actions a augmenté en raison de l’échange, déterminé compte non tenu du présent paragraphe dans son application à l’échange; Income Tax PART I Income Tax DIVISION B Computation of Income
If in the course of administering the graduated rate estate of a taxpayer, the taxpayer’s legal representative has, within the first taxation year of the estate, (a) disposed of capital property of the estate so that the total of all amounts each of which is a capital loss from the disposition of a property exceeds the total of all amounts each of which is a capital gain from the disposition of a property, or (b) disposed of all of the depreciable property of a prescribed class of the estate so that the undepreciated capital cost to the estate of property of that class at the end of the first taxation year of the estate is, by virtue of subsection 20(16) or any regulation made under paragraph 20(1)(a), deductible in computing the income of the estate for that year, notwithstanding any other provision of this Act, the following rules apply: (c) such parts of one or more capital losses of the estate from the disposition of properties in the year (the total of which is not to exceed the excess referred to in paragraph 164(6)(a)) as the legal representative so elects, in prescribed manner and within a prescribed DIVISION I Returns, Assessments, Payment and Appeals time, are deemed (except for the purpose of subsection 112(3) and this paragraph) to be capital losses of the deceased taxpayer from the disposition of the properties by the taxpayer in the taxpayer’s last taxation year and not to be capital losses of the estate from the disposition of those properties, (d) such part of the amount of any deduction described in paragraph 164(6)(b) (not exceeding the amount that, but for this subsection, would be the total of the non-capital loss and the farm loss of the estate for its first taxation year) as the legal representative so elects, in prescribed manner and within a prescribed time, shall be deductible in computing the income of the taxpayer for the taxpayer’s taxation year in which the taxpayer died and shall not be an amount deductible in computing any loss of the estate for its first taxation year, (e) the legal representative shall, at or before the time prescribed for filing the election referred to in paragraphs 164(6)(c) and 164(6)(d), file an amended return of income for the deceased taxpayer for the taxpayer’s taxation year in which the taxpayer died to give effect to the rules in those paragraphs, and (f) in computing the taxable income of the deceased taxpayer for a taxation year preceding the year in which the taxpayer died, no amount may be deducted in respect of an amount referred to in paragraph 164(6)(c) or 164(6)(d). Realization of deceased employees’ options (6.1) Notwithstanding any other provision of this Act, if a right to acquire securities (as defined in subsection 7(7)) under an agreement in respect of which a benefit was deemed by paragraph 7(1)(e) to have been received by a taxpayer (in this subsection referred to as “the right”) is exercised or disposed of by the taxpayer’s legal representative within the first taxation year of the graduated rate estate of the taxpayer and the representative so elects in prescribed manner and on or before a prescribed day, (a) the amount, if any, by which (i) the amount of the benefit deemed by paragraph 7(1)(e) to have been received by the taxpayer in respect of the right exceeds the total of (ii) the amount, if any, by which the value of the right immediately before the time it was exercised or disposed of exceeds the amount, if any, paid by the taxpayer to acquire the right, and (iii) where in computing the taxpayer’s taxable income for the taxation year in which the taxpayer died an amount was deducted under paragraph 110(1)(d) in respect of the benefit deemed by paragraph 7(1)(e) to have been received by the taxpayer in that year by reason of paragraph 7(1)(e) in respect of that right, 1/2 of the amount, if any, by which the amount determined under subparagraph 164(6.1)(a)(ii) exceeds the amount determined under subparagraph 164(6.1)(a)(iii), shall be deemed to be a loss of the taxpayer from employment for the year in which the taxpayer died; (b) there shall be deducted in computing the adjusted cost base to the estate of the right at any time the amount of the loss that would be determined under paragraph 164(6.1)(a) if that paragraph were read without reference to subparagraph 164(6.1)(a)(iii); (c) the legal representative shall, at or before the time prescribed for filing the election under this subsection, file an amended return of income for the taxpayer for the taxation year in which the taxpayer died to give effect to paragraph 164(6.1)(a). Definition of overpayment
In this section, overpayment of a taxpayer for a taxation year means (a) where the taxpayer is not a corporation, the total of all amounts paid on account of the taxpayer’s liability under this Part for the year minus all amounts payable in respect thereof; and (b) where the taxpayer is a corporation, the total of all amounts paid on account of the corporation’s liability under this Part or Parts I.3, VI or VI.1 for the year minus all amounts payable in respect thereof. Objections to Assessments Objections to assessment
exceeds Application
(a) if the assessment is in respect of the taxpayer for a taxation year and the taxpayer is an individual (other than a trust) or a graduated rate estate for the year, on or before the later of (i) the day that is one year after the taxpayer’s filing-due date for the year, and (ii) the day that is 90 days after the day of sending of the notice of assessment; and (b) in any other case, on or before the day that is 90 days after the day of sending of the notice of assessment. (1.1) Notwithstanding subsection 165(1), where at any time the Minister assesses tax, interest, penalties or other amounts payable under this Part by, or makes a determination in respect of, a taxpayer (a) under subsection 67.5(2) or 152(1.8), subparagraph 152(4)(b)(ii) or subsection 152(4.3) or (6), 161.1(7), 164(4.1), 220(3.4) or 245(8) or in accordance with an order of a court vacating, varying or restoring an assessment or referring the assessment back to the Minister for reconsideration and reassessment, (b) under subsection 165(3) where the underlying objection relates to an assessment or a determination made under any of the provisions or circumstances referred to in paragraph 165(1.1)(a), or (c) under a provision of an Act of Parliament requiring an assessment to be made, but that for that provision, would not be made because of subsections 152(4) to 152(5), the taxpayer may object to the assessment or determination within 90 days after the day of the sending of the notice. Restriction of assessment or determination, but only to the extent that the reasons for the objection can reasonably be regarded (d) where the assessment or determination was made under subsection 152(1.8), as relating to any matter or conclusion specified in paragraph 152(1.8)(a), 152(1.8)(b) or 152(1.8)(c), and (e) in any other case, as relating to any matter that gave rise to the assessment or determination and that was not conclusively determined by the court, and this subsection shall not be read or construed as limiting the right of the taxpayer to object to an assessment or a determination issued or made before that time. Objections by large corporations (1.11) Where a corporation that was a large corporation in a taxation year (within the meaning assigned by subsection 225.1(8)) objects to an assessment under this section for the year, the notice of objection shall (a) reasonably describe each issue to be decided; (b) specify in respect of each issue, the relief sought, expressed as the amount of a change in a balance (within the meaning assigned by subsection 152(4.4)) or a balance of undeducted outlays, expenses or other amounts of the corporation; and (c) provide facts and reasons relied on by the corporation in respect of each issue. (1.12) Notwithstanding subsection 165(1.11), where a notice of objection served by a corporation to which that subsection applies does not include the information required by paragraph 165(1.11)(b) or 165(1.11)(c) in respect of an issue to be decided that is described in the notice, the Minister may in writing request the corporation to provide the information, and those paragraphs shall be deemed to be complied with in respect of the issue if, within 60 days after the request is made, the corporation submits the information in writing to a Chief of Appeals referred to in subsection 165(2). Limitation on objections by large corporations (1.13) Notwithstanding subsections 165(1) and 165(1.1), where under subsection 165(3) a particular assessment was made for a taxation year pursuant to a notice of objection served by a corporation that was a large corporation in the year (within the meaning assigned by subsection 225.1(8)), except where the objection was made to an earlier assessment made under any of the provisions or circumstances referred to in paragraph 165(1.1)(a), the corporation may object to the particular assessment in respect of an issue (a) only if the corporation complied with subsection 165(1.1) in the notice with respect to that issue; and (b) only with respect to the relief sought in respect of that issue as specified by the corporation in the notice. (1.14) Where a particular assessment is made under subsection 165(3) pursuant to an objection made by a taxpayer to an earlier assessment, subsection 165(1.13) does not limit the right of the taxpayer to object to the particular assessment in respect of an issue that was part of the particular assessment and not part of the earlier assessment. Partnership (1.15) Notwithstanding subsection 165(1), where the Minister makes a determination under subsection 152(1.4) in respect of a fiscal period of a partnership, an objection in respect of the determination may be made only by one member of the partnership, and that member must be either (a) designated for that purpose in the information return made under section 229 of the Income Tax Regulations for the fiscal period; or (b) otherwise expressly authorized by the partnership to so act. (1.2) Notwithstanding subsections (1) and (1.1), no objection may be made by a taxpayer to an assessment made under subsection 118.1(11), 152(4.2), 169(3) or 220(3.1), nor, for greater certainty, in respect of an issue for which the right of objection has been waived in writing by the taxpayer. Restriction DIVISION I Returns, Assessments, Payment and Appeals Objections to Assessments
Subsections 86(1) and 86(2) do not apply in any case where subsection 85(1) or 85(2) applies. Computation of adjusted cost base A × B/C where exceeds Impôt sur le revenu
A notice of objection under this section shall be served by being addressed to the Chief of Appeals in a District Office or a Taxation Centre of the Canada Revenue Agency and delivered or mailed to that Office or Centre. (2.1) Notwithstanding any other provision of this Act, paragraph (1)(a) shall apply only in respect of assessments, determinations and redeterminations under this Part and Part I.2. Duties of Minister
On receipt of a notice of objection under this section, the Minister shall, with all due dispatch, reconsider the assessment and vacate, confirm or vary the assessment or reassess, and shall thereupon notify the taxpayer in writing of the Minister’s action. Validity of reassessment
The limitations imposed under subsections 152(4) and 152(4.01) do not apply to a reassessment made under subsection 165(3).
The Minister may accept a notice of objection served under this section that was not served in the manner required by subsection 165(2).
b) est ajouté dans ce calcul le moins élevé des montants suivants : (i) l’excédent éventuel du total visé à la division (A) sur le total visé à la division (B) : (A) le total des montants réputés par les paragraphes 84(3), (4) ou (4.1) être des dividendes que la société verse sur des actions de la catégorie donnée avant le moment donné, (B) le total qui serait déterminé selon la division (A) compte non tenu de l’alinéa a), (ii) le total des montants à déduire en application de l’alinéa a) relativement à la catégorie donnée d’actions avant le moment donné. Inapplication des paragraphes (1) et (2)
Where a taxpayer has served in accordance with this section a notice of objection to an assessment and thereafter the Minister reassesses the tax, interest, penalties or other amount in respect of which the notice of objection was served or makes an additional assessment in respect thereof and sends to the taxpayer a notice of the reassessment or of the additional assessment, as the case may be, the taxpayer may, without serving a notice of objection to the reassessment or additional assessment, (a) appeal therefrom to the Tax Court of Canada in accordance with section 169; or (b) amend any appeal to the Tax Court of Canada that has been instituted with respect to the assessment by joining thereto an appeal in respect of the reassessment or the additional assessment in such manner and on such terms, if any, as the Tax Court of Canada directs. General
Les paragraphes (1) et (2) ne s’appliquent pas lorsque s’appliquent les paragraphes 85(1) ou (2). Calcul du prix de base rajusté
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: 1970-71-72, c. 63, s. "166".] Extension of time by Minister
Dans le cas où un contribuable a disposé d’anciennes actions dans les circonstances visées au paragraphe (1), a) le résultat du calcul suivant est à déduire, après la disposition, dans le calcul du prix de base rajusté de chaque nouvelle action pour le contribuable : A × B/C où : A représente l’excédent éventuel du total visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le total des montants déduits en application de l’alinéa 53(2)g.1) dans le calcul du prix de base rajusté des anciennes actions pour le contribuable immédiatement avant la disposition, (ii) le montant qui représenterait le gain en capital du contribuable, pour l’année d’imposition qui comprend le moment de la disposition, tiré de la disposition des anciennes actions, compte non tenu du sous-alinéa 40(1)a)(iii), B la juste valeur marchande de la nouvelle action au moment où le contribuable en a fait l’acquisition en contrepartie de la disposition des anciennes actions, [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] ; R.S., 1985, c. 1 (5th Supp.), s. 86; 1994, c. 21, s. 38; 1995, c. 21, s. 29. Foreign Spin-offs
Eligible distribution c le total des montants représentant chacun la juste valeur marchande d’une nouvelle action au moment où le contribuable en a fait l’acquisition en contrepartie de la disposition des anciennes actions; b) le montant déterminé selon l’alinéa a) relativement à l’acquisition est à ajouter dans le calcul du prix de base rajusté, pour le contribuable, de la nouvelle action après la disposition. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent codification; voir les lois et règlements modificatifs appropriés.] ; L.R., 1985, ch. 1 (5e suppl.), art. 86; 1994, ch. 21, art. 38; 1995, ch. 21, art. 29. Distributions d’actions de l’étranger Distribution admissible non comprise dans le revenu
An application made under subsection 166.1(1) shall set out the reasons why the notice of objection or the request was not served or made, as the case may be, within the time otherwise limited by this Act for doing so. How application made
a) le montant d’une distribution admissible qu’un contribuable reçoit n’est pas inclus dans le calcul de son revenu; b) le paragraphe 52(2) ne s’applique pas à la distribution admissible reçue par le contribuable. Distribution admissible
An application under subsection 166.1(1) shall be made by being addressed to the Chief of Appeals in a District Office or a Taxation Centre of the Canada Revenue Agency and delivered or mailed to that Office or Centre, accompanied by a copy of the notice of objection or a copy of the request, as the case may be.
Pour l’application du présent article, la distribution effectuée par une société donnée à un contribuable est une distribution admissible si les conditions suivantes sont réunies : a) la distribution porte sur l’ensemble des actions ordinaires du capital-actions de la société donnée qui appartiennent au contribuable (appelées « actions initiales » au présent article); b) la distribution consiste uniquement en actions ordinaires du capital-actions d’une autre société qui appartenaient à la société donnée immédiatement avant leur distribution au contribuable (appelées « actions de distribution » au présent article); c) dans le cas d’une distribution qui n’est pas visée par règlement : (i) au moment de la distribution, les deux sociétés résident aux États-Unis et n’ont jamais résidé au Canada, (ii) au moment de la distribution, les actions de la catégorie qui comprend les actions initiales, selon le cas : (A) sont activement négociées dans une bourse de valeurs désignée aux États-Unis, ou (d) in the case of a distribution that is prescribed, (iii) the date of the distribution, (A) sont largement réparties et activement transigées sur une bourse de valeurs désignée située aux États-Unis, (B) sont largement réparties et doivent, sous le régime de la loi des États-Unis intitulée Securities Exchange Act of 1934, avec ses modifications successives, être inscrites auprès de la Securities and Exchange Commission des États-Unis et ainsi enregistrées, (iii) selon les dispositions de la loi des États-Unis intitulée Internal Revenue Code of 1986, avec ses modifications successives, qui s’appliquent à la distribution, les actionnaires de la société donnée qui résident aux États-Unis ne sont pas imposables pour ce qui est de la distribution; d) dans le cas d’une distribution qui est visée par règlement : (i) au moment de la distribution, les deux sociétés résident dans le même pays (sauf les États-Unis) avec lequel le Canada a conclu un traité fiscal (appelé « pays étranger » au présent article) et n’ont jamais résidé au Canada, (ii) au moment de la distribution, les actions de la catégorie qui comprend les actions initiales sont largement réparties et activement transigées sur une bourse de valeurs désignée, (iii) selon les lois du pays étranger, les actionnaires de la société donnée qui résident dans ce pays ne sont pas imposables pour ce qui est de la distribution, (iv) la distribution est visée par règlement sous réserve de conditions jugées applicables dans les circonstances; e) avant la fin du sixième mois suivant le jour où la société donnée transfère pour la première fois une action de distribution dans le cadre de la distribution, la société donnée fournit au ministre des renseignements, que celui-ci estime acceptables, établissant ce qui suit : (i) le fait que, au moment de la distribution, les actions de la catégorie qui comprend les actions initiales sont des actions visées aux sous-alinéas c)(ii) ou d)(ii), (ii) le fait que la société donnée et l’autre société mentionnée à l’alinéa b) n’ont jamais résidé au Canada, Cost adjustments (i) la date de la distribution, (iv) le type et la juste valeur marchande de chacun des biens transférés à des résidents du Canada, (v) les nom et adresse de chaque résident du Canada qui a reçu des biens lors de la distribution, (vi) dans le cas d’une distribution qui n’est pas visée par règlement, le fait qu’elle n’est pas imposable aux termes des dispositions de la loi des États-Unis intitulée Internal Revenue Code of 1986, avec ses modifications successives, qui s’appliquent à la distribution, (vii) dans le cas d’une distribution qui est visée par règlement, le fait qu’elle n’est pas imposable aux termes des lois du pays étranger, (viii) tout autre fait, selon ce qui est exigé sur le formulaire prescrit; f) le contribuable fait, dans sa déclaration de revenu pour l’année d’imposition de la distribution, un choix afin que le présent article s’applique à la distribution et fournit les renseignements acceptables, selon celui-ci (i) le nombre d’actions initiales qui lui appartenaient immédiatement avant la distribution, ainsi que leur coût indiqué (déterminé compte non tenu du présent article) et leur juste valeur marchande à ce moment, (ii) le nombre d’actions initiales qui lui appartenaient immédiatement après la distribution des actions de distribution, le nombre d’actions de distribution qu’il a reçues et la juste valeur marchande de ces actions initiales et actions de distribution à ce moment, (iii) sauf si le choix est fait dans sa déclaration de revenu pour l’année de la distribution, la façon dont il l’a déclarée et les renseignements qu’il a fournis relativement au calcul des revenus tirés de la disposition ultérieure d’actions initiales ou d’actions de distribution en vue du calcul des gains et pertes résultant de ces dispositions, (iv) tout autre fait, selon ce qui est exigé sur le formulaire prescrit. Rajustements de coût
The Minister may accept an application under this section that was not made in the manner required by subsection 166.1(3). Duties of Minister
Lorsqu’une société distribue une action de distribution à un contribuable, au titre d’une action initiale de celui-ci, dans le cadre d’une distribution admissible, les règles suivantes s’appliquent : A × (B/C) where Inventory a) le montant obtenu par la formule ci-après est déduit dans le calcul du coût indiqué de l’action initiale pour le contribuable à un moment donné : A × (B/C) où : A représente le coût indiqué, déterminé compte non tenu du présent article, de l’action initiale pour le contribuable immédiatement avant la distribution ou, si le contribuable a disposé de cette action avant la distribution, immédiatement avant la disposition, B la juste valeur marchande de l’action de distribution immédiatement après sa distribution au contribuable, C la somme des montants suivants : (i) la juste valeur marchande de l’action initiale immédiatement après la distribution de l’action de distribution au contribuable, (ii) la juste valeur marchande de l’action de distribution immédiatement après sa distribution au contribuable; b) le coût de l’action de distribution pour le contribuable correspond au montant appliqué en réduction, par l’effet de l’alinéa a), du coût indiqué de son action initiale. Biens figurant à l’inventaire
On receipt of an application made under subsection 166.1(1), the Minister shall, with all due dispatch, consider the application and grant or refuse it, and shall thereupon notify the taxpayer in writing of the Minister’s decision. Date of objection or request if application granted
Pour ce qui est du calcul de la valeur d’un bien figurant à l’inventaire de l’entreprise d’un contribuable, les règles suivantes s’appliquent : a) la distribution admissible au contribuable d’une action de distribution qui figure à cet inventaire est réputée ne pas être une acquisition de bien effectuée au cours de l’exercice de l’entreprise dans lequel la distribution est effectuée; b) il est entendu que la valeur de l’action de distribution est incluse dans le calcul de la valeur des biens figurant à cet inventaire à la fin de l’exercice en question. Nouvelle cotisation
If an application made under subsection (1) is granted, the notice of objection or the request, as the case may be, is deemed to have been served or made on the day on which the decision of the Minister is sent to the taxpayer. When order to be made
Malgré les paragraphes 152(4) à (5), le ministre peut établir les cotisations et nouvelles cotisations voulues et déterminer ou déterminer de nouveaux montants voulus lorsqu’il obtient des renseignements selon lesquels les Income Tax PART I Income Tax DIVISION B Computation of Income
No application shall be granted under this section unless (a) the application is made within one year after the expiration of the time otherwise limited by this Act for serving a notice of objection or making a request, as the case may be; and (b) the taxpayer demonstrates that (i) within the time otherwise limited by this Act for serving such a notice or making such a request, as the case may be, the taxpayer (A) was unable to act or to instruct another to act in the taxpayer’s name, or (B) had a bona fide intention to object to the assessment or make the request, (ii) given the reasons set out in the application and the circumstances of the case, it would be just and equitable to grant the application, and (iii) the application was made as soon as circumstances permitted. Extension of time by Tax Court
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2001, c. 17, s. 64; 2006, c. 30, s. 3; 2007, c. 35, s. 68; 2013, c. 34, s. 222. Amalgamations Impôt sur le revenu
(a) the Minister has refused the application, or (b) 90 days have elapsed after service of the application under subsection 166.1(1) and the Minister has not notified the taxpayer of the Minister’s decision, but no application under this section may be made after the expiration of 90 days after the day on which notification of the decision was mailed to the taxpayer. How application made
An application under subsection (1) shall be made by filing in the Registry of the Tax Court of Canada, in accordance with the provisions of the Tax Court of Canada Act, three copies of the documents referred to in subsection 166.1(3) and three copies of the notification, if any, referred to in subsection 166.1(5). Copy to Deputy Minister
The Tax Court of Canada shall send a copy of each application made under this section to the office of the Commissioner of Revenue. Powers of Court
The Tax Court of Canada may grant or dismiss an application made under subsection 166.2(1) and, in granting an application, may impose such terms as it deems just or order that the notice of objection be deemed to have been served on the date of its order. When application to be granted
conditions énoncées aux sous-alinéas (2)c)(iii) ou d)(iii) ne sont pas ou ne sont plus remplies. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2001, ch. 17, art. 64; 2006, ch. 30, art. 3; 2007, ch. 35, art. 68; 2013, ch. 34, art. 222. Fusions 87 (1) Au présent article, fusion s’entend de l’unification de plusieurs sociétés dont chacune était, immédiatement avant l’unification, une société canadienne imposable (chacune de ces sociétés étant appelée une « société remplacée » au présent article) destinée à former une société (appelée la « nouvelle société » au présent article) de façon que, à la fois : a) les biens (à l’exception des sommes à recevoir d’une société remplacée ou des actions du capital-actions d’une société remplacée) appartenant aux sociétés remplacées immédiatement avant l’unification deviennent des biens de la nouvelle société en vertu de l’unification; b) les engagements (à l’exception des sommes payables à une société remplacée) des sociétés remplacées, immédiatement avant l’unification, deviennent des engagements de la nouvelle société en vertu de l’unification; c) les actionnaires (à l’exception des sociétés remplacées) qui possédaient des actions du capital-actions d’une société remplacée immédiatement avant l’unification reçoivent des actions du capital-actions de la nouvelle société en raison de l’unification, autrement qu’à la suite de l’acquisition de biens d’une société par une autre société, de l’achat de ces biens par l’autre société ou de l’attribution de ces biens à l’autre société lors de la liquidation de la société. Actions réputées avoir été reçues en vertu d’une unification (1.1) Pour l’application de l’alinéa (1)c) et des Règles concernant l’application de l’impôt sur le revenu, lorsqu’il y a unification : a) soit d’une société et d’une ou plusieurs de ses filiales à cent pour cent, b) soit de plusieurs sociétés dont chacune est une filiale à cent pour cent de la même société, toute action du capital-actions d’une société remplacée qui appartenait à un actionnaire (exception faite de toute société remplacée) immédiatement avant l’unification et qui n’a pas été annulée lors de celle-ci est réputée être une action du capital-actions de la nouvelle société et avoir été reçue par l’actionnaire en vertu de l’unification à titre (a) the parent; Definitions Rules applicable Taxation year de contrepartie pour la disposition des actions du capital-actions de la société remplacée. Continuation par la nouvelle société (1.2) En cas de fusion de sociétés visées à l’alinéa (1.1)a) ou de plusieurs sociétés dont chacune est une filiale à cent pour cent de la même personne, la nouvelle société est réputée, pour l’application de l’article 29 des Règles concernant l’application de l’impôt sur le revenu, du paragraphe 59.3(3) et des articles 66, 66.1, 66.2, 66.21, 66.4 et 66.7, être la même société que chaque société remplacée et en être la continuation. Toutefois, le présent paragraphe est sans effet sur la détermination de l’exercice d’une société remplacée, de son revenu imposable et de son impôt payable. Sens de filiale à cent pour cent (1.4) Malgré le paragraphe 248(1), est une filiale à cent pour cent d’une personne (appelée « société mère » au présent paragraphe) pour l’application du présent paragraphe et des paragraphes (1.1), (1.2) et (2.11) toute société dont l’ensemble des actions émises et en circulation du capital-actions appartient, selon le cas : a) à la société mère; b) à une société qui est une filiale à cent pour cent de la société mère; c) à plusieurs personnes dont chacune est visée aux alinéas a) ou b). Définitions de bien évalué à la valeur du marché, institution financière et titre de créance déterminé (1.5) Pour l’application du présent article, bien évalué à la valeur du marché, institution financière et titre de créance déterminé s’entendent au sens du paragraphe 142.2(1). Règles applicables
No application shall be granted under this section unless (a) the application was made under subsection 166.1(1) within one year after the expiration of the time otherwise limited by this Act for serving a notice of objection or making a request, as the case may be; and (b) the taxpayer demonstrates that (i) within the time otherwise limited by this Act for serving such a notice or making such a request, as the case may be, the taxpayer (A) was unable to act or to instruct another to act in the taxpayer’s name, or (B) had a bona fide intention to object to the assessment or make the request, (ii) given the reasons set out in the application and the circumstances of the case, it would be just and equitable to grant the application, and (iii) the application was made under subsection 166.1(1) as soon as circumstances permitted. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] Extension of time to appeal
Lorsqu’il y a eu fusion de plusieurs sociétés après 1971, les règles suivantes s’appliquent : Année d’imposition a) Pour l’application de la présente loi, l’entité issue de la fusion est réputée être une nouvelle société dont la première année d’imposition est réputée avoir commencé au moment de la fusion et l’année d’imposition d’une société remplacée, qui serait autrement terminée après la fusion, est réputée s’être terminée immédiatement avant la fusion; Inventaire b) pour le calcul du revenu de la nouvelle société, lorsque les biens figurant à l’inventaire de la nouvelle Inventory Income Tax PART I Income Tax DIVISION B Computation of Income
DIVISION I Returns, Assessments, Payment and Appeals General time for appealing and may impose such terms as it deems just.
Depreciable property (d) for the purposes of sections 13 and 20 and any regulations made under paragraph 20(1)(a), Impôt sur le revenu
An application made under subsection 167(1) shall set out the reasons why the appeal was not instituted within the time limited by section 169 for doing so. How application made
An application made under subsection (1) shall be made by filing in the Registry of the Tax Court of Canada, in accordance with the provisions of the Tax Court of Canada Act, three copies of the application accompanied by three copies of the notice of appeal. Copy to Deputy Attorney General
The Tax Court of Canada shall send a copy of each application made under this section to the office of the Deputy Attorney General of Canada. When order to be made
No order shall be made under this section unless (a) the application is made within one year after the expiration of the time limited by section 169 for appealing; and (b) the taxpayer demonstrates that (i) within the time otherwise limited by section 169 for appealing the taxpayer (A) was unable to act or to instruct another to act in the taxpayer’s name, or (B) had a bona fide intention to appeal, (ii) given the reasons set out in the application and the circumstances of the case, it would be just and equitable to grant the application, (iii) the application was made as soon as circumstances permitted, and (iv) there are reasonable grounds for the appeal. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] DIVISION F Returns, Assessments, Payment and Appeals Revocation of Registration of Certain Organizations and Associations Revocation of Registration of Certain Organizations and Associations
Biens amortissables d) pour l’application des articles 13 et 20 et des dispositions réglementaires prises en vertu de l’alinéa 20(1)a) : (i) lorsque la nouvelle société a acquis auprès d’une société remplacée des biens amortissables d’une catégorie prescrite, le coût en capital supporté pour les biens par la nouvelle société est réputé être le coût en capital supporté pour ces biens par la société remplacée, (ii) dans la détermination de la fraction non amortie du coût en capital supporté, à un moment donné, par la nouvelle société pour les biens amortissables d’une catégorie prescrite : (A) le coût indiqué, pour une société remplacée immédiatement avant la fusion, pour chaque bien compris dans cette catégorie par la nouvelle société doit être ajouté au coût en capital supporté par celle-ci de biens amortissables de cette catégorie acquis avant le moment donné, (B) il faut soustraire du coût en capital supporté par la nouvelle société pour les biens amortissables de cette catégorie, acquis avant le moment donné, le coût en capital supporté par la nouvelle société pour les biens de cette catégorie, acquis en vertu de la fusion, (C) toute mention au sous-alinéa 13(5)b)(ii) de sommes qui auraient été déduites relativement à un bien dans le calcul du revenu d’un contribuable vaut également mention de sommes qui auraient été déduites relativement à ce bien dans le calcul du revenu d’une société remplacée, (D) lorsque des biens amortissables qui sont réputés selon le paragraphe 37(6) constituer une catégorie prescrite distincte ont été acquis auprès d’une société remplacée par la nouvelle société, les biens sont toujours réputés faire partie de cette même catégorie prescrite distincte; Income Tax PART I Income Tax DIVISION B Computation of Income
(a) applies to the Minister in writing for revocation of its registration; (b) ceases to comply with the requirements of this Act for its registration; (c) in the case of a registered charity, registered Canadian amateur athletic association or registered journalism organization, fails to file an information return as and when required under this Act or a regulation; (d) issues a receipt for a gift otherwise than in accordance with this Act and the regulations or that contains false information; (e) fails to comply with or contravenes any of sections 230 to 231.5; or (f) in the case of a registered charity, registered Canadian amateur athletic association or registered journalism organization, accepts a gift the granting of which was expressly or implicitly conditional on the charity, association or organization making a gift to another person, club, society, association or organization other than a qualified donee.
Capital property Security or debt obligation Financial institutions — specified debt obligation Impôt sur le revenu
If the Minister gives notice under subsection (1) to a registered charity, to a registered Canadian amateur athletic association or to a registered journalism organization, (a) if it has applied to the Minister in writing for the revocation of its registration, the Minister shall, forthwith after the mailing of the notice, publish a copy of the notice in the Canada Gazette, and on that publication of a copy of the notice, the registration is revoked; and DIVISION I Returns, Assessments, Payment and Appeals Revocation of Registration of Certain Organizations and Associations (b) in any other case, the Minister may, after the expiration of 30 days from the day of mailing of the notice, or after the expiration of such extended period from the day of mailing of the notice as the Federal Court of Appeal or a judge of that Court, on application made at any time before the determination of any appeal pursuant to subsection 172(3) from the giving of the notice, may fix or allow, publish a copy of the notice in the Canada Gazette, and on that publication of a copy of the notice, the registration is revoked. Charities Registration (Security Information) Act
Notwithstanding subsections (1), (2) and (4), if a registered charity is the subject of a certificate that is determined to be reasonable under subsection 7(1) of the Charities Registration (Security Information) Act, the registration of the charity is revoked as of the making of that determination. Listed terrorist entities (3.1) Notwithstanding subsections (1), (2) and (4), if a qualified donee is a listed terrorist entity for the purposes of section 149.1, the registration of the qualified donee is revoked as of the date on which it became a listed terrorist entity. Objection to proposal or designation
A person may, on or before the day that is 90 days after the day on which the notice was mailed, serve on the Minister a written notice of objection in the manner authorized by the Minister, setting out the reasons for the objection and all the relevant facts, and the provisions of subsections 165(1), (1.1) and (3) to (7) and sections 166, 166.1 and 166.2 apply, with any modifications that the circumstances require, as if the notice were a notice of assessment made under section 152, if: (a) in the case of a person that is or was registered as a registered charity or is an applicant for such registration, it objects to a notice under any of subsections (1) and 149.1(2) (to (4.1), (6.3), (22) and (23); (b) in the case of a person that is or was registered as a registered Canadian amateur athletic association or is an applicant for such registration, it objects to a notice under any of subsections (1) and 149.1(4.2) and (22); or (c) in the case of a person described by any of subparagraphs (a)(i) to (v) and paragraph (b.1) of the definition qualified donee in subsection 149.1(1), that is or was registered by the Minister as a qualified donee or is an applicant for such registration, it objects to a DIVISION I Returns, Assessments, Payment and Appeals Revocation of Registration of Certain Organizations and Associations Designation of Qualified Canadian Journalism Organizations Date of designation
Revocation of designation
Biens amortissables acquis auprès d’une société remplacée
The Minister may, at any time, revoke the designation of an organization made for the purpose of the definition qualified Canadian journalism organization in subsection 248(1) and, for that purpose, the Minister shall take into account any recommendations of an advisory panel established for the purpose of that definition and referred to in paragraph (b) of that definition. Notice and date of revocation
d.1) pour l’application de la présente loi, lorsque la nouvelle société a acquis auprès d’une société remplacée des biens amortissables (autres que des biens d’une catégorie prescrite), la nouvelle société est réputée avoir acquis ces biens avant 1972 à un coût effectif égal au prix effectif supporté pour ceux-ci par la société remplacée, et la nouvelle société est réputée avoir été autorisée à déduire le total des montants admis que la société remplacée était autorisée à déduire relativement à ces biens, en vertu des dispositions réglementaires prises en application de l’alinéa 20(1)a), dans le calcul du revenu de la société remplacée; Immobilisations e) sous réserve de l’alinéa e.4) et du paragraphe 142.6(5), le coût, pour la nouvelle société, de l’immobilisation — à l’exception d’un bien amortissable et d’une participation dans une société de personnes — qu’elle a acquise auprès d’une société remplacée est réputé être le prix de base rajusté de l’immobilisation pour cette dernière immédiatement avant la fusion; Participations dans une société de personnes e.1) dans le cas où une participation dans une société de personnes qui est une immobilisation a été acquise auprès d’une société remplacée à laquelle la nouvelle société était liée, le coût de cette participation pour la nouvelle société est réputé, pour l’application de la présente loi, être son coût pour la société remplacée et, en ce qui concerne cette participation, la nouvelle société est réputée être la même société que la société remplacée et en être la continuation; Valeur ou titre de créance e.2) sous réserve des alinéas e.3) et e.4) et du paragraphe 142.6(5), le coût, pour la nouvelle société, du bien qu’elle a acquis auprès d’une société remplacée et qui est une valeur ou un titre de créance — à l’exception d’une immobilisation et d’un bien à porter à l’inventaire — utilisé ou détenu par la société remplacée pendant l’année dans le cadre de l’exploitation d’une entreprise d’assurance ou de prêt d’argent au cours de l’année d’imposition se terminant avant la fusion est réputé être le coût indiqué que le bien avait pour la société remplacée immédiatement avant la fusion; Institutions financières — titre de créance déterminé e.3) la nouvelle société qui est, au cours de sa première année d’imposition, une institution financière réputée, pour ce qui est d’un titre de créance déterminé, sauf un bien évalué à la valeur du marché, qu’elle a acquis auprès d’une société remplacée qui était une institution financière au cours de sa dernière Income Tax PART I Income Tax DIVISION B Computation of Income
If the designation of an organization is revoked under subsection (2), (a) the Minister shall provide notice of the revocation to the organization in writing; and (b) the revocation is deemed to be effective as of the date on which the notice in paragraph (a) is sent, unless the Minister specifies an earlier date. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2021, c. 23, s. 46. Appeals to the Tax Court of Canada and the Federal Court of Appeal
Financial institutions — mark-to-market property (e.4) where Financial institutions — mark-to-market property (e.5) for the purposes of subsections 112(5) to 112(5.2) and 112(5.4) and the definition mark-to-market property in subsection 142.2(1), the new corporation shall be deemed to be the same corporation as, and a continuation of, each predecessor corporation; (f) [Repealed, 2016, c. 12, s. 27] (f.1) [Repealed, 1994, c. 7, Sch. VIII, s. 37] Reserves année d’imposition, être la même société que la société remplacée et en être la continuation; Institutions financières — bien évalué à la valeur du marché e.4) le coût, pour la nouvelle société, d’un bien qu’elle a acquis auprès d’une société remplacée est réputé être la juste valeur marchande du bien immédiatement avant la fusion lorsque, selon le cas : (i) la nouvelle société est une institution financière au cours de sa première année d’imposition et le bien est un bien évalué à la valeur du marché pour l’année, (ii) la société remplacée était une institution financière au cours de sa dernière année d’imposition et le bien était un bien évalué à la valeur du marché pour l’année; e.41) si le paragraphe 10.1(6) s’est appliqué à une société remplacée au cours de sa dernière année d’imposition, chaque produit dérivé admissible (au sens du paragraphe 10.1(5)) de la société remplacée immédiatement avant la fin de sa dernière année d’imposition est réputé avoir été racheté, réémis ou renouvelé, selon le cas, par la nouvelle société à sa juste valeur marchande immédiatement avant la fusion; e.42) pour l’application du paragraphe 10.1(7), la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; Institutions financières — continuation e.5) pour l’application des paragraphes 112(5) à (5.2) et (5.4) et de la définition de bien évalué à la valeur du marché au paragraphe 142.2(1), la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; f) [Abrogé, 2016, ch. 12, art. 27] f.1) [Abrogé, 1994, ch. 7, ann. VIII, art. 37] Provisions g) pour le calcul du revenu de la nouvelle société pour une année d’imposition : (i) toute somme déduite à titre de provision, dans le calcul du revenu d’une société remplacée pour sa dernière année d’imposition, est réputé avoir été déduite à titre de provision dans le calcul du revenu de la nouvelle société pour l’année d’imposition précédant sa première année d’imposition, Continuation (g.2) for the purposes of paragraphs 142.4(4)(c) and (d) and subsections 142.51(11) and 142.6(1), the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; Superficial losses — capital property Patronage dividends COVID-19 — emergency subsidies (ii) toute somme déduite en vertu de l’alinéa 20(1)p), dans le calcul du revenu d’une société remplacée pour sa dernière année d’imposition ou une année d’imposition antérieure, est réputée avoir été déduite en vertu de cet alinéa dans le calcul du revenu de la nouvelle société pour l’année d’imposition précédant sa première année d’imposition; Continuation g.1) pour l’application des articles 12.4 et 26, du paragraphe 97(3) et de l’article 256.1, la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; Institutions financières — continuation g.2) pour l’application des paragraphes 142.4(4)c) et d) et des paragraphes 142.51(11) et 142.6(1), la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; g.3) pour l’application des paragraphes 13(21.2), 18(15) et 40(3.4) aux biens dont une société remplacée a disposé avant la fusion, la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; Perte apparente — immobilisation g.4) pour l’application de l’alinéa 40(3.5)c) relativement à une action acquise par une société remplacée, la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; Ristournes g.5) pour l’application de l’article 135, la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; COVID-19 — subventions d’urgence g.6) pour l’application de l’article 125.7, à moins qu’il ne soit raisonnable de considérer que l’un des objets principaux de la fusion est de faire en sorte que la nouvelle société devienne admissible au paiement en trop en vertu de l’un des paragraphes 125.7(2) à (2.2) ou augmente le montant du paiement en trop, la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; COVID-19 — avantages relatifs à l’utilisation d’une automobile g.7) pour l’application des paragraphes 6(2.2) et (2.3), la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; COVID-19 — automobile benefits Debts Debts Special reserve Special reserves Inventory adjustment (j.3) for the purposes of paragraphs 12(1)(n.1) to (n.3) and 20(1)(r), (s), (oo) and (pp), section 32.1, paragraph 104(13)(b), subsections 144.1(4) to (7) and Part XI.3, the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; vendus au cours des activités de l’entreprise, est réputée avoir été incluse dans le calcul du revenu que la nouvelle société a tiré de cette entreprise pour une année antérieure, relativement à ces biens; Provisions spéciales j) pour l’application des alinéas 20(1)m), m.1) et m.2), du paragraphe 20(24) et de l’article 34.2, la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; Ajustement de l’inventaire j.1) pour l’application de l’alinéa 20(1)ii), une somme qui, en vertu de l’alinéa 12(1)r), doit être incluse dans le calcul du revenu d’une société remplacée pour sa dernière année d’imposition est réputée être une somme qui, en vertu de l’alinéa 12(1)r), doit être incluse dans le calcul du revenu de la nouvelle société pour une année d’imposition qui précède immédiatement sa première année d’imposition; Dépenses payées d’avance et dépenses à rattacher j.2) pour l’application des paragraphes 18(9) et (9.01), de l’article 18.1 et de l’alinéa 20(1)mm), la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; Régimes de prestations aux employés, etc. j.3) pour l’application des alinéas 12(1)n.1) à n.3) et 20(1)r), s), oo) et pp), de l’article 32.1, de l’alinéa 104(13)b), des paragraphes 144.1(4) à (7) et de la partie XI.3, la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; Règles d’accumulation j.4) pour l’application des paragraphes 12(3) et (9), de l’article 12.2, du paragraphe 20(19) et de la définition de coût de base rajusté au paragraphe 148(9) de la présente loi et des paragraphes 12(5) et (6) et de l’alinéa 56(1)d.1) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts revisés du Canada de 1952, la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; Résiliation d’un bail j.5) pour l’application des alinéas 20(1)z) et z.1), la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; Continuation j.6) pour l’application des alinéas 12(1)t) et x), des paragraphes 12(2) et 13(7), (7.4) et (24), des alinéas 13(27)b) et (28)b), des paragraphes 18(9) et (9.01), des alinéas 20(1)l), v) et hh), des articles 20.1 et Continuing corporation (j.8) [Repealed, 2013, c. 33, s. 6] Subsection 125(5.1) and 157.1(1) Fiducies de restauration minière (j.93) pour l’application des alinéas 12(1)(z.1) et z.2) et 20(1)(ss)) et des articles 107.3 et 127.41, la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; Mining reclamation trusts (j.93) For the purposes of paragraphs 12(1)(z.1) and 12(1)(z.2) and 20(1)(ss) and 20(1)(tt) and sections 107.3 and 127.41, the new corporation shall be deemed to be the same corporation as, and a continuation of, each predecessor corporation; Film or video productions Continuing corporation Certain payments to employees Idem Productions cinématographiques ou magnétoscopiques j.94) pour l’application des articles 125.4 et 125.5, la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; Entités non-résidentes j.95) pour l’application des articles 94 à 94.2, la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; Organisations journalistiques j.96) pour l’application de l’article 125.6, la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; Continuation j.97) pour l’application du paragraphe 110(0.1), de l’alinéa 110(1)e) et du paragraphe 110(1.3), la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; Rémunération de services rendus k) pour l’application du paragraphe 6(3), toute somme qu’une personne reçoit de la nouvelle société serait réputée, pour l’application de l’article 5, constituer la rémunération des services que cette personne a rendus en qualité de cadre ou durant une période d’emploi auprès de la société remplacée, être une rémunération des services qu’elle a ainsi rendus; Activités de recherche scientifique et de développement expérimental l) pour l’application de l’article 37 et de la partie VIII, la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; Idem
(a) the Minister has confirmed the assessment or reassessed, or (b) 90 days have elapsed after service of the notice of objection and the Minister has not notified the taxpayer that the Minister has vacated or confirmed the assessment or reassessed, but no appeal under this section may be instituted after the expiration of 90 days from the day notice has been sent to the taxpayer under section 165 that the Minister has confirmed the assessment or reassessed. (1.1) Where at any particular time a taxpayer has disposed of a property, the fair market value of which has been confirmed or redetermined by the Minister of the Environment under subsection 118.1(10.4), the taxpayer may, within 90 days after the day on which that Minister has issued a certificate under subsection 118.1(10.5), appeal the confirmation or redetermination to the Tax Court of Canada. Limitation of right to appeal from assessments or determinations
l.1) pour l’application du présent alinéa, de l’alinéa 1.2) et de l’article 37.1: (i) pour une année d’imposition donnée d’une nouvelle société qui compte moins de 3 années d’imposition antérieures, la période de base est réputée être la période: (A) commençant le jour qui: (I) d’une part, est le premier en date des jours précédant immédiatement le début d’une année d’imposition se terminant après 1976 d’une société remplacée par la nouvelle société, Income Tax PART I Income Tax DIVISION B Computation of Income
Notwithstanding subsection 169(1), where at any time the Minister assesses tax, interest, penalties or other amounts payable under this Part by, or makes a determination in respect of, a taxpayer (a) under subsection 67.5(2) or 152(6), subparagraph 152(4)(b)(ii) or subsection 152(4.3) or 152(6), 164(4.1), 220(3.4) or 245(8) or in accordance with an order of a court vacating, varying or restoring the assessment or referring the assessment back to the Minister for reconsideration and reassessment, (b) under subsection 165(3) where the underlying objection relates to an assessment or a determination made under any of the provisions or circumstances referred to in paragraph 169(2)(a), or (c) under a provision of an Act of Parliament requiring an assessment to be made that, but for that provision, would not be made because of subsections 152(4) to 152(5), the taxpayer may appeal to the Tax Court of Canada within the time limit specified in subsection 169(1), but only to the extent that the reasons for the appeal can reasonably be regarded (e) in any other case, as relating to any matter that gave rise to the assessment or determination and that was not conclusively determined by the Court, and this subsection shall not be read or construed as limiting the right of the taxpayer to appeal from an assessment or a determination issued or made before that time. Limitation on appeals by large corporations (2.1) Notwithstanding subsections 169(1) and 169(2), where a corporation that was a large corporation in a taxation year (within the meaning assigned by subsection 225.1(8)) served a notice of objection to an assessment under this Part for the year, the corporation may appeal to the Tax Court of Canada to have the assessment vacated or varied only with respect to (a) an issue in respect of which the corporation has complied with subsection 165(1.11) in the notice, or (b) an issue described in subsection 165(1.14) where the corporation did not, because of subsection 165(7), serve a notice of objection to the assessment that gave rise to the issue and, in the case of an issue described in paragraph 169(2.1)(a), the corporation may so appeal only with respect to the relief sought in respect of the issue as specified by the corporation in the notice. Waived issues (2.2) Notwithstanding subsections 169(1) and 169(2), for greater certainty a taxpayer may not appeal to the Tax Court of Canada to have an assessment under this Part vacated or varied in respect of an issue for which the right of objection or appeal has been waived in writing by the taxpayer.
(ii) where subparagraph 87(2)(l.1)(i) applies, (ii) d’autre part, est compris dans la période de 3 ans se terminant le jour précédant immédiatement le début de l’année donnée, (B) se terminant immédiatement avant le premier jour de l’année d’imposition donnée, (ii) dans les cas où le sous-alinéa (i) s’applique : (A) il doit être inclus, dans le calcul des dépenses admissibles faites par la nouvelle société au cours de sa période de base, le total des montants dont chacun représente les dépenses admissibles faites par une société remplacée au cours d’une année d’imposition ayant commencé au cours de la période de base de la nouvelle société, (B) il doit être inclus, dans le calcul du total des montants versés à la nouvelle société par des personnes visées aux sous-alinéas b)(i) à (iii) de la définition de « base de dépenses » au paragraphe 37.1(5) au cours de sa période de base, le total de tels montants versés à une société remplacée par une personne visée à ces sous-alinéas au cours d’une année d’imposition ayant commencé au cours de la période de base de la nouvelle société, (iii) le coût en capital, pour la nouvelle société, de tout bien qui était un bien de la société remplacée servant à la recherche et qu’elle a acquis auprès de cette dernière est réputé être le coût en capital pour la société remplacée, et les biens sont réputés être des biens servant à la recherche et appartenant à la nouvelle société, (iv) chaque montant déterminé à l’égard de la nouvelle société en vertu des sous-alinéas 37.1(3)(b)(i) ou (iii) est réputé être la somme du montant par ailleurs déterminé et du total des montants dont chacun est le montant déterminé en vertu des sous-alinéas 37.1(3)(b)(i) ou (iii), selon le cas, à l’égard d’une société remplacée; Définition de société remplacée
Notwithstanding section 152, for the purpose of disposing of an appeal made under a provision of this Act, the Minister may at any time, with the consent in writing of the taxpayer, reassess tax, interest, penalties or other amounts payable under this Act by the taxpayer.
Montant remis
Division I applies, with such modifications as the circumstances require, in respect of a reassessment made DIVISION J Appeals to the Tax Court of Canada and the Federal Court of Appeal under subsection 169(3) as though it had been made under section 152. Notice to Deputy Minister
Forgiven amount Replacement property Contingent amount — section 143.4 Reserves Biens de remplacement
Choix prévu au paragraphe 13(4.2)
(b) allowing it and (i) vacating the assessment, (ii) varying the assessment, or (iii) referring the assessment back to the Minister for reconsideration and reassessment. (1.1) On an appeal under subsection 169(1.1), the Tax Court of Canada may confirm or vary the amount determined to be the fair market value of a property and the value determined by the Court is deemed to be the fair market value of the property determined by the Minister of the Environment.
Montant éventuel — article 143.4
If an appeal raises more than one issue, the Tax Court of Canada may, with the consent in writing of the parties to the appeal, dispose of a particular issue by (a) dismissing the appeal with respect to the particular issue; or (b) allowing the appeal with respect to the particular issue and (i) varying the assessment, or (ii) referring the assessment back to the Minister for reconsideration and reassessment. Disposal of remaining issues
Provisions m) pour le calcul du revenu de la nouvelle société pour une année d’imposition, toute somme déduite en application des sous-alinéas 40(1)a)(iii) ou 44(1)e)(iii) dans le calcul du gain d’une société remplacée pour sa dernière année d’imposition, tiré de la disposition d’un bien, est réputée : (i) avoir été déduite en application des sous-alinéas 40(1)a)(iii) ou 44(1)e)(iii) dans le calcul du gain de la nouvelle société pour l’année d’imposition précédant sa première année d’imposition, tiré de la disposition de ce bien avant sa première année d’imposition, (ii) être le montant déterminé en application des sous-alinéas 40(1)a)(iii) ou 44(1)e)(iii) à l’égard de ce bien; Don de titre non admissible
If a particular issue has been disposed of under subsection (2), the appeal with respect to the remaining issues may continue. Appeal to Federal Court of Appeal
m.1) pour le calcul de son gain en application du paragraphe 40(1.01) pour une année d’imposition tiré de la disposition d’un bien, la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; Gift of predecessor’s property (o) for the purpose of subsection 49(2), Régimes agréés q) pour l’application des articles 147, 147.1 et 147.2 et des dispositions réglementaires prises en application du paragraphe 147.1(18), la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; Régime de participation des employés aux bénéfices r) le choix qu’une société remplacée faite en vertu du paragraphe 144(10) est réputé être un choix fait par la nouvelle société; Parts à imposition différée s) pour l’application de l’article 135.1, dans le cas où la nouvelle société est une coopérative agricole, au sens du paragraphe 135.1(1), au début de sa première année d’imposition : (i) la nouvelle société est réputée être la même société que chaque société remplacée qui était une coopérative agricole à la fin de la dernière année d’imposition de cette société, et (ii) si, à l’occasion de la fusion, la nouvelle société émet une part (appelée « nouvelle part » au présent sous-alinéa et au paragraphe 135.1(10)) qui est visée aux alinéas b) à d) de la définition de part à imposition différée au paragraphe 135.1(1) en échange d’une part d’une société remplacée (appelée « ancienne part » au présent sous-alinéa et au paragraphe 135.1(10)) qui était, à la fin de la dernière année d’imposition de cette société, une part à imposition différée au sens du paragraphe 135.1(1) et que le capital versé au titre de la nouvelle part, ainsi que la somme que le contribuable peut éventuellement recevoir lors du rachat, acquisition ou annulation, correspondent respectivement aux montants homologues relatifs à l’ancienne part, le paragraphe 135.1(10) s’applique relativement à l’échange; Société de conversion d’EIPD réputée s.1) si une société remplacée était une société de conversion d’EIPD immédiatement avant la fusion, la nouvelle société est réputée en être une; Surplus de capital en main avant 1972 t) pour l’application du paragraphe 88(2.1), tout le mobilisateur appartenant à une société remplacée au 31 décembre 1971 est réputé acquis par la nouvelle société de fait de la fusion au prix de base rajusté égal au prix auquel la société remplacée a effectivement payé l’immobilisation; Income Tax PART I Income Tax DIVISION B Computation of Income
If the Tax Court of Canada has disposed of a particular issue under subsection (2), the parties to the appeal may, in accordance with the provisions of the Tax Court of Canada Act or the Federal Courts Act, as they relate to appeals from decisions of the Tax Court of Canada, appeal the disposition to the Federal Court of Appeal as if it were a final judgment of the Tax Court of Canada. Appeal from refusal to register, revocation of registration, etc.
Gifts Taxable dividends (x) for the purposes of subsections 112(3) to 112(4.22), Impôt sur le revenu
(a) confirms a proposal or decision in respect of which a notice was issued under any of subsections 149.1(4.2) and (22) and 168(1) by the Minister, to a person that is a registered Canadian amateur athletic association or is an applicant for registration as a registered Canadian amateur athletic association, or does not confirm or vacate that proposal or decision within 90 days after service of a notice of objection by the person under subsection 168(4) in respect of that proposal or decision, (a.1) confirms a proposal, decision or designation in respect of which a notice was issued by the Minister to a person that is or was registered as a registered charity, under any of subsections 149.1(2) to (4.1), (6.3), (22) and (23) and 168(1), or does not confirm or vacate that proposal, decision or designation within 90 days after service of a notice of objection by the person under subsection 168(4) in respect of that proposal, decision or designation, (a.2) confirms a proposal or decision in respect of which a notice was issued under any of subsections 149.1(4.3) and (22) and 168(1) by the Minister, to a person that is a person described in any of subparagraphs (a)(i) to (v) and paragraph (b.1) of the definition qualified donee in subsection 149.1(1) that is or was registered by the Minister as a qualified donee or is an applicant for such registration, or does not confirm or vacate that proposal or decision within 90 days after service of a notice of objection by the person under subsection 168(4) in respect of that proposal or decision, DIVISION J Appeals to the Tax Court of Canada and the Federal Court of Appeal (b) refuses to accept for registration for the purposes of this Act any retirement savings plan, (c) refuses to accept for registration for the purposes of this Act any profit sharing plan or revokes the registration of such a plan, (e) refuses to accept for registration for the purposes of this Act an education savings plan, (e.1) sends notice under subsection 146.1(12.1) to a promoter that the Minister proposes to revoke the registration of an education savings plan, (f) refuses to register for the purposes of this Act any pension plan or gives notice under subsection 147.1(11) to the administrator of a registered pension plan that the Minister proposes to revoke its registration, (g) refuses to accept for registration for the purposes of this Act any retirement income fund, (h) refuses to accept for registration for the purposes of this Act any pooled pension plan or gives notice under subsection 147.5(24) to the administrator of a pooled registered pension plan that the Minister proposes to revoke its registration, or (i) refuses to accept an amendment to a pooled registered pension plan, the person described in paragraph (a), (a.1) or (a.2), the applicant in a case described in paragraph (b), (c) or (g), a trustee under the plan or an employer of employees who are beneficiaries under the plan, in a case described in paragraph (c), the promoter in a case described in paragraph (e.1), the administrator of the plan or an employer who participates in the plan, in a case described in paragraph (f) or (f.1), or the administrator of the plan in a case described in paragraph (h) or (i), may appeal from the Minister’s decision, or from the giving of the notice by the Minister, to the Federal Court of Appeal. Exception — Charities Registration (Security Information) Act (3.1) Paragraphs (3)(a) and (a.1) do not apply to an applicant or a registered charity that is the subject of a DIVISION J Appeals to the Tax Court of Canada and the Federal Court of Appeal certificate that has been determined to be reasonable under subsection 7(1) of the Charities Registration (Security Information) Act.
For the purposes of subsection 172(3), the Minister shall be deemed to have refused (a) to register an applicant for registration as a Canadian amateur athletic association, (b) to accept for registration for the purposes of this Act any retirement savings plan or profit sharing plan, (f) to accept for registration for the purposes of this Act any retirement income fund, where the Minister has not notified the applicant of the disposition of the application within 180 days after the application was filed with the Minister, and, in any such case, subject to subsection (3.1), an appeal from the refusal to the Federal Court of Appeal pursuant to subsection (3) may, notwithstanding subsection 180(1), be instituted under section 180 at any time by filing a notice of appeal in the Court. Exception - Charities Registration (Security Information) Act (4.1) An appeal referred to in subsection (3) or (4) is suspended when an applicant or a registered charity is, under subsection 5(1) of the Charities Registration (Security Information) Act, served with a copy of a certificate that has been signed under that Act, whether the appeal was instituted before or after the certificate was so signed, and the appeal is (a) discontinued on the determination, under subsection 7(1) of that Act, that the certificate is reasonable; or (b) reinstated as of the date the certificate is, under subsection 7(2) of that Act, quashed.
For the purposes of subsection 172(3), the Minister shall be deemed to have refused (a) to register for the purposes of this Act any pension plan or pooled pension plan, or (b) to accept an amendment to a registered pension plan or a pooled registered pension plan where the Minister has not notified the applicant of the Minister's disposition of the application within 1 year after the filing of the application with the Minister, and, in any such case, an appeal from the refusal to the Federal Court of Appeal pursuant to subsection 172(3) may, notwithstanding anything in subsection 180(1), be instituted under section 180 at any time by filing a notice of appeal in the Court.
The definitions in subsection 149.1(1) apply to this section. References to Tax Court of Canada
Actions de sociétés étrangères affiliées u) lorsqu’une ou plusieurs actions du capital-actions d’une société étrangère affiliée d’une société remplacée ont été acquises du fait de la fusion par la nouvelle société, et qu’en conséquence cette société étrangère affiliée est devenue une société étrangère affiliée de la nouvelle société : (i) pour l’application du paragraphe 91(5) et de l’alinéa 92(1)b), toute somme qu’exige l’inclusion ou la déduction pour le calcul du prix de base rajusté d’une telle action, pour la société remplacée, avant la fusion, est réputée avoir été incluse ou déduite, selon le cas, pour le calcul du prix de base rajusté de l’action pour la nouvelle société, (ii) pour l’application des paragraphes 93(2.01), (2.11), (2.21) et (2.31), tout dividende exonéré reçu par la société remplacée sur une telle action est réputé être un dividende exonéré reçu par la nouvelle société sur l’action; Dons v) pour l’application de l’article 110.1, la nouvelle société est réputée être la même société que, et la continuation de, chacune des sociétés remplacées en ce qui concerne les dons; Dividendes imposables x) pour l’application des paragraphes 112(3) à (4.22) : (i) un dividende imposable reçu sur une action et déductible du revenu de la société remplacée pour une année d’imposition en application de l’article 112 ou du paragraphe 138(6) est réputé être un dividende imposable reçu sur l’action par la nouvelle société et déductible du revenu de celle-ci en application de l’article 112 ou du paragraphe 138(6), selon le cas, (ii) un dividende (sauf un dividende imposable) reçu sur une action par la société remplacée est réputé reçu sur l’action par la nouvelle société, (iii) l’action que la nouvelle société acquiert auprès d’une société étrangère affiliée par suite de la fusion est réputée avoir appartenu tout au long de la période où elle a appartenu à la société remplacée; Surplus d’apport y) pour l’application des paragraphes 84(1) et (10), la nouvelle société est réputée être la même société que chaque société remplacée sur une telle action et en être la continuation; y.1) [Abrogé, 1998, ch. 19, art. 117] Income Tax PART I Income Tax DIVISION B Computation of Income
Time during consideration not to count
Contributed surplus (y.1) [Repealed, 1998, c. 19, s. 117] Capital dividend account Impôt sur le revenu
The time between the day on which proceedings are instituted in the Tax Court of Canada to have a question determined pursuant to subsection 173(1) and the day on which the question is finally determined shall not be counted in the computation of (b) the time for service of a notice of objection to an assessment under section 165, or (c) the time within which an appeal may be instituted under section 169, for the purpose of making an assessment of the tax payable by the taxpayer who agreed in writing to the determination of the question, for the purpose of serving a notice of objection thereto or for the purpose of instituting an appeal therefrom, as the case may be.
assessments or proposed assessments in respect of two or more taxpayers and is a question of law, fact or mixed law and fact arising out of (a) one and the same transaction or occurrence or series of transactions or occurrences; or (b) substantially similar transactions or occurrences or series of transactions or occurrences. Application to Court (i) the question in respect of which the Minister requests a determination, (ii) the names of the taxpayers that the Minister seeks to have bound by the determination of the question, and (iii) the facts and reasons on which the Minister relies and on which the Minister based or intends to base assessments of tax payable by each of the taxpayers named in the application; and (b) shall be served by the Minister on each of the taxpayers named in the application and on any other persons who, in the opinion of the Tax Court of Canada, are likely to be affected by the determination of the question, (i) by sending a copy to each taxpayer so named and each other person so likely to be affected, or (ii) on ex parte application by the Minister, in accordance with the directions of the Court. Determination of question by Tax Court
If the Tax Court of Canada is satisfied that a question set out in an application under this section is common to assessments or proposed assessments in respect of two or more taxpayers who have been served with a copy of the application, the Tax Court of Canada may (a) make an order naming the taxpayers in respect of whom the question will be determined; (b) if one or more of the taxpayers so served has or have appealed an assessment to the Tax Court of Canada in respect of which the question is relevant, make an order joining a party or parties to that or those appeals as it considers appropriate; and DIVISION J Appeals to the Tax Court of Canada and the Federal Court of Appeal (c) proceed to determine the question in such manner as it considers appropriate. Determination final and conclusive
Subject to subsection (4.1), if a question set out in an application under this section is determined by the Tax Court of Canada, the determination is final and conclusive for the purposes of any assessments of tax payable by the taxpayers named in the order made under paragraph (3)(a). (4.1) If a question set out in an application under this section is determined by the Tax Court of Canada, an appeal from the determination may, in accordance with the provisions of the Tax Court of Canada Act or the Federal Courts Act, as they relate to appeals from decisions of the Tax Court of Canada to the Federal Court of Appeal, be made by (b) any taxpayer named in an order of the Court made under paragraph (3)(a) if (i) the question arises out of one and the same transaction or occurrence or series of transactions or occurrences, (ii) the taxpayer has appealed an assessment to the Tax Court of Canada in respect of which the question is relevant, or (iii) the taxpayer has been granted leave by a judge of the Federal Court of Appeal. Binding to appeal (4.2) Any taxpayer named in an order made under paragraph (3)(a) in respect of a question is bound by any determination in respect of the question under an appeal made to the Federal Court of Appeal or the Supreme Court of Canada. Time during consideration of question not counted
Report d’impôt étranger z) pour le calcul de la fraction inutilisée du crédit pour impôt étranger (au sens du paragraphe 126(7)) de la nouvelle société, relativement à un pays pour une année d’imposition donnée et de la détermination de la mesure dans laquelle le paragraphe 126(2.3) s’applique pour réduire le montant de crédit que la nouvelle société peut déduire en vertu de l’alinéa 126(2)a) relativement à la fraction inutilisée du crédit pour impôt étranger relativement à un pays pour une année d’imposition, la nouvelle société est réputée être la même que chaque société remplacée et en être la continuation, sauf que le présent alinéa ne s’applique pas à la détermination : (i) de l’exercice de la nouvelle société ou de l’une de ses sociétés remplacées, (ii) de l’impôt payable en vertu de la présente loi par toute société remplacée; Compte de dividendes en capital z.1) pour le calcul du montant de son compte de dividendes en capital, la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation, sauf une société remplacée placée à laquelle le paragraphe 83(2.1) s’appliquerait, si un dividende était versé immédiatement avant la fusion et si le choix prévu au paragraphe 83(2) était fait relativement au plein montant de ce dividende, pour qu’une partie du dividende soit réputée être un dividende imposable versé par la société remplacée; Application des parties III et III.1 z.2) pour l’application des parties III et III.1, la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; Impôt en main remboursable au titre de dividendes aa) si la nouvelle société est une société privée immédiatement après la fusion, les règles ci-après s’appliquent : (i) pour le calcul de son impôt en main remboursable au titre de dividendes déterminés et de son impôt en main remboursable au titre de dividendes non déterminés, au sens du paragraphe 129(4), à la fin de sa première année d’imposition, sont ajoutés au total calculé selon ces définitions à son égard pour l’année : (A) relativement à son impôt en main remboursable au titre de dividendes déterminés, le total des montants représentant chacun l’excédent éventuel de l’impôt en main remboursable au titre de dividendes déterminés d’une société Refundable dividend tax on hand remplacée à la fin de sa dernière année d’imposition sur le total des montants représentant chacun la partie éventuelle de son remboursement au titre de dividendes pour sa dernière année d’imposition provenant de son impôt en main remboursable au titre de dividendes déterminés, calculé selon le sous-alinéa 129(1)a)(i) ou la division 129(1)a)(ii)(B), (B) relativement à son impôt en main remboursable au titre de dividendes non déterminés, le total des montants représentant chacun l’excédent éventuel de son impôt en main remboursable au titre de dividendes non déterminés d’une société remplacée à la fin de sa dernière année d’imposition sur la partie éventuelle de son remboursement au titre de dividendes pour sa dernière année d’imposition provenant de son impôt en main remboursable au titre de dividendes non déterminés, calculé selon la division 129(1)a)(ii)(A), (ii) aucun montant n’est à ajouter en application du présent alinéa à l’égard d’une société remplacée si, selon le cas : (A) elle n’était pas une société privée à la fin de sa dernière année d’imposition, (B) un dividende versé par elle immédiatement avant la fusion aurait été, par l’effet du paragraphe 129(1.2), en cas d’application de ce paragraphe, réputé ne pas être un dividende imposable pour l’application du paragraphe 129(1); Sociétés de placement à capital variable ou de placement bb) dans le cas où la nouvelle société est une société de placement à capital variable ou une société de placement, le montant déterminé selon chacun des alinéas a) et b) de la définition de **compte de dividendes sur les gains en capital au paragraphe 131(6) et la valeur des éléments A et B de la formule figurant à la définition de impôt en main remboursable au titre de gains en capital au même paragraphe relativement à la nouvelle société à un moment donné est majoré du montant ainsi déterminé et de la valeur de ces éléments immédiatement avant la fusion relativement à chaque société remplacée qui était soit société de placement à capital variable ou une société de placement immédiatement avant la fusion; Entités intermédiaires bb.1) lorsqu’une société remplacée était, immédiatement avant la fusion, une société de placement, une société de placement hypothécaire ou une société de (ii) where a predecessor corporation was a public corporation immediately before the amalgamation, the placement à capital variable et que la nouvelle société l’est également, selon le cas, celle-ci est réputée, pour l’application de l’article 39.1, être la même société que la société remplacée et en être la continuation; Société de placement appartenant à des non-résidents (cc) dans le cas d’une nouvelle société qui est une société de placement appartenant à des non-résidents : (i) pour le calcul du montant admissible de l’impôt en main remboursable (au sens du paragraphe 133(9)) de cette société à un moment donné, lorsqu’une société remplacée avait un tel montant immédiatement avant la fusion, le montant doit être ajouté au total représenté par l’élément A de la formule applicable à la définition de montant admissible de l’impôt en main remboursable au paragraphe 133(9), (ii) pour le calcul du compte de dividendes sur les gains en capital (au sens du paragraphe 133(8)) de cette société à un moment donné, lorsqu’une société remplacée avait un montant dans ce compte immédiatement avant la fusion, ce montant doit être ajouté au total représenté par l’élément A de la formule applicable à la définition de compte de dividendes sur les gains en capital au paragraphe 133(8), (iii) pour le calcul du revenu imposable cumulatif (au sens du paragraphe 133(9)) de cette société à un moment donné, lorsqu’une société remplacée avait un tel revenu imposable cumulatif, ce montant doit être ajouté au total représenté par l’élément A de la formule applicable à la définition de revenu imposable cumulatif au paragraphe 133(9); Société publique (ii) lorsqu’une société remplacée était une société publique immédiatement avant la fusion, la nouvelle société est réputée être une société publique et de sa première année d’imposition; Intérêts sur certaines obligations jj) pour l’application de l’alinéa 81(1)m), la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; Disposition d’actions d’une société contrôlée kk) pour l’application de l’alinéa 40(2)h) : (i) lorsqu’une société était contrôlée, directement ou indirectement, de quelque manière que ce soit, Interest on certain obligations (kk) for the purposes of paragraph 40(2)(h), Para. 20(1)(n) and subpara. 40(1)(a)(iii) amounts (mm) [Repealed, 2013, c. 34, s. 223] une société remplacée, immédiatement avant la fusion, et est devenue contrôlée, directement ou indirectement, de quelque manière que ce soit, à cause de la fusion, par la nouvelle société, cette dernière est réputée avoir acquis le contrôle de la société ainsi contrôlée au moment où le contrôle de la société a été acquis par la société remplacée, (ii) lorsqu’une société remplacée était, immédiatement avant la fusion, contrôlée, directement ou indirectement, de quelque manière que ce soit, par une société qui, immédiatement après la fusion contrôle, directement ou indirectement, de quelque manière que ce soit, la nouvelle société, celle-ci est réputée être la même société que celle-ci et en être la continuation; Montants visés à l’al. 20(1)n) et au sous-alinéa 40(1)a)(iii) (ll) malgré les autres dispositions de la présente loi, lorsqu’une société remplacée a disposé d’un bien donné, la nouvelle société, dans le calcul : (i) du montant d’une déduction en vertu de l’alinéa 20(1)n) à titre de provision à l’égard du bien vendu dans le cours des activités de l’entreprise, et (ii) du montant de sa déduction en application des sous-alinéas 40(1)a)(iii) ou 44(1)e)(iii) à l’égard de la disposition du bien, est réputée être la même société que la société remplacée et en être la continuation; (mm) [Abrogé, 2013, ch. 34, art. 223] Impôt de la partie VII en main remboursable (nn) pour le calcul de l’impôt de la partie VII en main remboursable de la nouvelle société à la fin d’une année d’imposition donnée, il est ajouté au montant visé en vertu de l’alinéa 192(3)a) le total des montants dont chacun représente l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) l’impôt de la partie VII en main remboursable de la société remplacée à la fin de sa dernière année d’imposition, (ii) le remboursement de la partie VII de la société remplacée pour sa dernière année d’imposition; (oo) [Abrogé, 2019, ch. 29, art. 11] Income Tax PART I Income Tax DIVISION B Computation of Income
The time between the day on which an application under this section is served on a taxpayer pursuant to subsection 174(2) and (a) in the case of a taxpayer named in an order of the Tax Court of Canada pursuant to subsection 174(3), the day on which the determination becomes final and conclusive and not subject to any appeal, or (b) in the case of any other taxpayer, the day on which the taxpayer is served with notice that the taxpayer has not been named in an order of the Tax Court of Canada pursuant to subsection 174(3), shall not be counted in the computation of (e) the time within which an appeal may be instituted under section 169, for the purpose of making an assessment of the tax, interest or penalties payable by the taxpayer, serving a notice of objection thereto or instituting an appeal therefrom, as the case may be.
exceeds (oo) [Repealed, 2019, c. 29, s. 11] Impôt sur le revenu
Hearings in camera
No reasonable grounds for appeal
amount not exceeding 10% of any part of the amount that was in controversy in respect of which the Court determines that there were no reasonable grounds for the appeal, if in the opinion of the Court one of the main purposes for instituting or maintaining any part of the appeal was to defer the payment of any amount payable under this Part. Appeals to Federal Court of Appeal
(a) the day on which the Minister notifies a person under subsection 165(3) of the Minister’s action in respect of a notice of objection filed under subsection 168(4), (c) the mailing of notice to the administrator of the registered pension plan under subsection 147.1(11), (c.1) the sending of a notice to a promoter of a registered education savings plan under subsection 146.1(12.1), (c.2) the mailing of notice to the administrator of the pooled registered pension plan under subsection 147.5(24), or (d) the time the decision of the Minister to refuse the application for acceptance of the amendment to the registered pension plan or pooled registered pension plan was mailed, or otherwise communicated in writing, by the Minister to any person, as the case may be, or within such further time as the Court of Appeal or a judge thereof may, either before or after the expiration of those 30 days, fix or allow. No jurisdiction in a Tax Court of Canada or Federal Court
Crédit d’impôt à l’investissement remboursable et date d’exigibilité du solde (oo.1) pour l’application de la définition de société admissible au paragraphe 127.1(2) et du sous-alinéa d)(i) de la définition de date d’exigibilité du solde au paragraphe 248(1) à une société, les présomptions suivantes s’appliquent à la nouvelle société : (i) elle est réputée avoir une année d’imposition donnée qui : (A) si elle est associée à une autre société au cours de sa première année d’imposition, s’est terminée dans l’année civile précédant celle au cours de laquelle cette première année a pris fin, (B) sinon, a immédiatement précédé la première année visée à la division (A), (ii) pour un revenu imposable pour l’année donnée, calculé avant la prise en compte des conséquences fiscales futures déterminées pour cette année, est égal au total des montants représentant chacun le revenu imposable d’une société remplacée pour son année d’imposition se terminant immédiatement avant la fusion, (iii) son plafond des affaires pour l’année donnée est réputé égal au total des montants représentant chacun le plafond des affaires d’une société remplacée pour son année d’imposition se terminant immédiatement avant la fusion, (iv) son plafond de revenu admissible pour l’année donnée est réputé être égal au total des sommes dont chacune représente le plafond de revenu admissible d’une société remplacée pour son année d’imposition ayant pris fin immédiatement avant la fusion; Calcul du solde du compte compensatoire cumulatif (pp) pour le calcul du solde du compte compensatoire cumulatif (au sens du paragraphe 66.5(2)) de la nouvelle société à un moment donné, est réputé égal au total calculé par application de l’alinéa 66.5(2)a) à l’égard des montants dont chacun représente l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le solde du compte compensatoire cumulatif d’une société remplacée à la fin de sa dernière année d’imposition, exceeds Continuation of corporation Continuation of corporation (rr) for the purposes of subsections 112(2.9), 191(4), and 191.1(2) and 191.1(4), the new corporation shall be deemed to be the same corporation as, and a continuation of, each predecessor corporation; Fuel tax rebates (ii) le montant déduit en vertu du paragraphe 66.5(1) dans le calcul du revenu de la société remplacée pour sa dernière année d’imposition; Continuation d’une société (qq) pour le calcul du crédit d’impôt à l’investissement de la nouvelle société à la fin d’une année d’imposition, la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; toutefois, le présent alinéa n’a pas pour effet de changer l’exercice d’une société ou de modifier l’impôt payable par une société remplacée; Continuation d’une société (qq.1) pour l’application des articles 127.44, 127.45, 127.48 et 127.49 et de la partie XII.7, la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; Impôt concernant les actions privilégiées imposables (rr) pour l’application des paragraphes 112(2.9), 191(4) et 191.1(2) et (4), la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; Transfert de l’impôt prévu par la partie VI.1 (ss) pour l’application de l’article 191.3, la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; Bétail — Inclusion du montant reporté (tt) pour l’application des paragraphes 80.3(3) et (5), la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; Remise de la taxe sur le combustible (uu) pour l’application de l’alinéa 12(1)(x.1), de l’élément D.1 de la formule figurant dans la définition de perte autre qu’une perte en capital au paragraphe 111(8) et des paragraphes 111(10) et (11), la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; Compte de revenu à taux général (vv) si la nouvelle société est une société privée sous contrôle canadien ou une société privée qui est devenue une telle société au cours de sa première année d’imposition, est inclus dans le calcul du compte de revenu à taux général à la fin de cette première année le total des sommes déterminées à son égard selon le paragraphe 89(5) pour cette même année; Application of s. 37.1(5) (2.01) The definitions in subsection 37.1(5) apply to subsection 87(2). Compte de revenu à taux réduit ww) si la nouvelle société n’est ni une société privée sous contrôle canadien ni une compagnie d’assurance-dépôts au cours de sa première année d’imposition, est inclus dans le calcul de son compte de revenu à taux réduit à un moment quelconque de cette première année le total des sommes déterminées à son égard selon le paragraphe 89(9) pour cette même année; xx) pour l’application de la partie VI.2, la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation. Application du par. 37.1(5) (2.01) Les définitions figurant au paragraphe 37.1(5) s’appliquent au paragraphe (2). Pertes autres que des pertes en capital, etc. de sociétés remplacées (2.1) Lorsqu’il y a eu fusion de plusieurs sociétés, aux seules fins suivantes : a) déterminer la perte autre qu’une perte en capital, la perte en capital nette, la perte agricole restreinte, la perte agricole, la perte de société de personnes limitée ou la dépense d’intérêts et de financement restreinte de la nouvelle société, selon le cas, pour une année d’imposition; a.1) déterminer, pour une année d’imposition la capacité absorbée, la capacité excédentaire et la capacité transférée de la nouvelle société pour le calcul de sa capacité excédentaire cumulative inutilisée pour une année d’imposition; b) déterminer dans quelle mesure les paragraphes 111(3) à (5.4) et l’alinéa 149(10)(c) s’appliquent de manière que soit limitée la déduction par la nouvelle société peut déduire à titre de perte autre qu’une perte en capital, de perte en capital nette, de perte agricole restreinte, de perte agricole, de perte de société de personnes limitée ou de dépense d’intérêts et de financement restreinte, selon le cas; Income Tax PART I Income Tax DIVISION B Computation of Income
Neither the Tax Court of Canada nor the Federal Court has jurisdiction to entertain any proceeding in respect of a decision of the Minister from which an appeal may be instituted under this section.
Vertical amalgamations Amalgamation of insurers Impôt sur le revenu
An appeal to the Federal Court of Appeal instituted under this section shall be heard and determined in a summary way. Tax in Respect of Stock Option Benefit Deferral Election — special tax and relief for deferral of stock option benefits
(a) the taxpayer elected to have subsection 7(8) apply, as that subsection applied before 4:00 p.m. Eastern Standard Time, March 4, 2010, in respect of the particular securities; and (b) the taxpayer has, in the year and before 2015, disposed of the particular securities; and (c) the election under this subsection is filed (i) if the taxpayer has disposed of the particular securities before 2010, on or before the taxpayer’s filing-due date for 2010, and (ii) in any other case, on or before the taxpayer’s filing-due date for the year of disposition of the particular securities. Effect of election
If a taxpayer makes an election under subsection (1) for a taxation year in respect of particular securities, the following rules apply: (a) paragraph 110(1)(d) shall be read without reference to the phrase “1/2 of” in respect of the amount of the benefit deemed by subsection 7(1) to have been received by the taxpayer in the year in respect of the particular securities; (b) the taxpayer is deemed to have realized a capital gain for the year equal to the lesser of (i) the amount that is deductible by the taxpayer under paragraph 110(1)(d), as modified by paragraph (a), and (ii) the taxpayer’s capital loss in respect of the disposition of the particular securities; (c) the taxpayer is liable to pay a tax for the year equal to (i) in the case of a taxpayer resident in the Province of Quebec at the end of the year, 2/3 of the taxpayer’s proceeds of disposition (as defined in section 54, but determined without reference to subsection 73(1)) of the particular securities, and (ii) in any other case, the taxpayer’s proceeds of disposition (as defined in section 54, but determined without reference to subsection 73(1)) of the particular securities; (d) to the extent that the taxation year is outside the normal reassessment period (as defined in subsection 152(3.1)), the election is deemed to be an application for reassessment under subsection 152(4.2); (e) notwithstanding subsection 152(4) and as the circumstances require, the Minister shall re-determine the taxpayer’s net capital loss (as defined in subsection 111(8)) for the taxation year and reassess any taxation year in which an amount has been deducted under paragraph 111(1)(b). (f) subparagraph 127.52(1)(h)(ii) is to be read as “the amount deducted under paragraph 110(1)(d)” for the year in respect of the particular securities; and (g) notwithstanding subsection 152(4) and as the circumstances require, the Minister shall re-determine the taxpayer’s additional tax under subsection 120.2(3) for the taxation year and reassess any taxation year in which an amount has been deducted under subsection 120.2(1). Non-application for employment insurance purposes
An amount included under subsection (2)(b) in computing a person’s income under Part I of this Act for a
la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation, sauf que le présent paragraphe ne doit en aucun cas influer sur la détermination : c) de l’exercice de la nouvelle société, ou de toute société remplacée; d) du revenu de la nouvelle société (autrement que par suite d’un montant de dépenses d’intérêts et de financement rendu déductible par la nouvelle société par l’effet de l’alinéa (a.1)), ou de toute société remplacée; e) du revenu imposable de toute société remplacée ou de l’impôt payable par celle-ci en vertu de la présente loi. Fusion verticale (2.11) La société issue de la fusion d’une société donnée et d’une ou plusieurs de ses filiales à cent pour cent est réputée être la même société que la société donnée et en être la continuation pour l’application des articles 111 et 126, des paragraphes 127(5) à (26) et 181.1(4) à (7), de la partie IV et des paragraphes 190.1(3) à (6) à la société donnée. Revenu imposable rajusté — pertes autres que des pertes en capital (2.12) En cas de fusion de deux ou de plusieurs sociétés, aux fins de calcul de la somme à l’alinéa (h) de la formule figurant à l’élément B de la définition de revenu imposable rajusté au paragraphe 18.2(1) relativement à une somme déduite par la nouvelle société en application de l’alinéa 111(1)(a) dans le calcul de son revenu imposable pour une année d’imposition, la nouvelle société est réputée être la même société que chaque société remplacée donnée et en être la continuation s’il est raisonnable de considérer que, à la fois : a) la somme déduite est liée à la totalité ou d’une partie d’une perte autre qu’une perte en capital pour une autre année d’imposition; b) la perte autre qu’une perte en capital ou la partie de la perte autre qu’une perte en capital de la société remplacée donnée pour l’autre année d’imposition. Fusion d’assureurs (2.2) Pour l’application des alinéas 12(1)(d), e), e.1) et e.2), du paragraphe 12.5(8), des alinéas 20(1)(l), l.1), p) et y) et 70(7)(c), des paragraphes 20(22) et (24), de l’article 138, 138.1, 140, 142 et 148 et de la partie XII.1 et malgré le Income Tax PART I Income Tax DIVISION B Computation of Income
taxation year shall not be included in determining the income of the person for the year under Part VII of the Employment Insurance Act. Provisions applicable to this Part
(e.1), (i) and (j), subsection 12.5(8), paragraphs 20(1)(l), (l.1), (p) and (jj) and 20(7)(c), subsections 20(22) and 20.4(4), sections 138, 138.1, 140, 142 and 148 and Part XIII, to be the same corporation as, and a continuation of, each of those predecessor corporations. Computation of paid-up capital Impôt sur le revenu
Subsection 150(3), sections 150.1 to 152, 155 to 156.1 and 158 to 167 and Division J of Part I apply to this Part with any modifications that the circumstances require. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2010, c. 25, s. 46; 2011, c. 24, s. 56. Tax on Old Age Security Benefits
adjusted income of an individual for a taxation year means the amount that would be the individual’s income under Part I for the year if in computing that income no amount were (a) included (ii) in respect of a gain from a disposition of property to which section 79 applies, or (iii) in respect of a gain described in subsection 40(3.21), or base taxation year in relation to a month, means (a) where the month is any of the first 6 months of a calendar year, the taxation year that ended on December 31 of the second preceding calendar year, and (b) where the month is any of the last 6 months of a calendar year, the taxation year that ended on December 31 of the preceding calendar year. (année de base) return of income in respect of an individual for a taxation year means (a) where the individual was resident in Canada throughout the year, the individual’s return of income (other than a return of income filed under subsection 70(2) or 104(23), paragraph 128(2)(e) or subsection 150(4)) that is filed or required to be filed under Part I for the year, and
Every individual shall pay a tax under this Part for each taxation year equal to the amount determined by the formula A is the lesser of (a) the amount, if any, by which (i) the total of all amounts each of which is the amount of any pension, supplement or spouse’s or common-law partner’s allowance under the Old Age Security Act included in computing the individual’s income under Part I for the year exceeds (ii) the amount of any deduction allowed under subparagraph 60(n)(i) in computing the individual’s income under Part I for the year, and (b) 15% of the amount, if any, by which the individual’s adjusted income for the year exceeds $50,000; and B is the rate of tax payable by the individual under Part XIII on amounts described in paragraph (a) of the description of A.
shall be deducted or withheld from that amount on account of the individual’s tax payable under this Part for the year the amount determined under subsection 180.2(4) in respect of that amount. Determination of amount to be withheld
The amount determined in respect of a particular amount described in subsection 180.2(3) is (a) where the individual has filed a return of income for the base taxation year in relation to the month in which the particular amount is paid, the lesser of (i) the amount by which the particular amount exceeds the amount of tax payable under Part XIII by the individual on the particular amount, and (ii) the amount determined by the formula A is the individual’s adjusted income for the base taxation year, and B is the rate of tax payable under Part XIII by the individual on the particular amount; (b) where the individual has not filed a return of income for the base taxation year in relation to the month and (i) the Minister has demanded under subsection 150(2) that the individual file the return, or (ii) the individual was non-resident at any time in the base taxation year, the amount by which the particular amount exceeds the amount of tax payable under Part XIII by the individual on the particular amount; and (c) in any other case, nil.
Caisses de crédit du Québec (2.3) Pour l’application du présent article à une fusion régie par l’article 689 de la Loi sur les coopératives de services financiers, L.R.Q., ch. C-67.3, le dépôt à participation d’une caisse de crédit est réputé être une action d’une catégorie distincte du capital-actions d’une société remplacée relativement à la fusion dont le prix de base rajusté et le capital versé pour la caisse de crédit sont égaux au prix de base rajusté pour la caisse de crédit du dépôt immédiatement avant la fusion, si à la fois : a) immédiatement avant la fusion, le dépôt est un dépôt à participation, auquel s’applique l’article 425 de la Loi sur les caisses d’épargne et de crédit, L.R.Q., ch. C-4.1, d’un fonds d’investissement de cette société remplacée; b) au moment de la fusion, la caisse dispose du dépôt pour contrepartie qui consiste uniquement en actions d’une catégorie du capital-actions de la société issue de la fusion. Calcul du capital versé
Every individual liable to pay tax under this Part for a taxation year shall (a) file with the Minister, without notice or demand therefor, (i) where the individual is resident in Canada throughout the taxation year, a return for the year under this Part in prescribed form and containing prescribed information on or before the individual’s filing-due date for the year, and (ii) in any other case, a return of income for the year on or before the individual's balance-due day for the year; and (b) pay the individual's tax payable under this Part for the year on or before the individual's balance-due day for the year. Provisions applicable to this Part
Sous réserve du paragraphe (3.1), en cas de fusion ou d’unification de plusieurs sociétés canadiennes, il faut, dans le calcul à un moment donné du capital versé au titre d’une catégorie donnée d’actions du capital-actions de la nouvelle société : a) déduire la fraction de l’excédent éventuel du capital versé, calculé compte non tenu du présent paragraphe, à l’égard de toutes les actions du capital-actions de la nouvelle société immédiatement après la fusion ou l’unification sur le total des montants dont chacun représente le capital versé à l’égard d’une action (exception faite d’une action détenue par toute autre société remplacée) du capital-actions d’une société remplacée, immédiatement avant la fusion ou l’unification, qui est représentée par le rapport suivant : (i) d’une part, le capital versé, calculé compte non tenu du présent paragraphe, à l’égard de la catégorie d’actions donnée du capital-actions de la nouvelle société immédiatement après la fusion ou l’unification, (ii) d’autre part, le capital versé, calculé compte non tenu du présent paragraphe, à l’égard de toutes les actions émises et en circulation du exceeds Election for non-application of subsection (3) (3.1) Where, capital-actions de la nouvelle société immédiatement après la fusion ou l’unification; b) ajouter un montant égal au moins élevé des montants suivants : (i) l’excédent éventuel du total visé à la division (A) sur le total visé à la division (B) : (A) le total des montants dont chacun est réputé être, en vertu des paragraphes 84(3), (4) ou (4.1), un dividende sur des actions de la catégorie donnée qui a été versé par la nouvelle société avant le moment donné, (B) le total qui serait déterminé en vertu de la division (A), compte non tenu de l’alinéa a), (ii) le montant qui doit, en vertu de l’alinéa a), être déduit dans le calcul du capital versé à l’égard des actions de la catégorie donnée. Choix (3.1) Lorsque les conditions suivantes sont réunies : a) il y a fusion de plusieurs sociétés; b) les actions émises, immédiatement avant la fusion, de chaque catégorie d’actions (sauf une catégorie dont toutes les actions émises ont été annulées lors de la fusion) du capital-actions de chaque société remplacée (appelée « catégorie échangée » au présent paragraphe) sont converties en actions émises, immédiatement après la fusion, d’une autre catégorie d’actions du capital-actions de la nouvelle société (appelée « catégorie remplaçante » au présent paragraphe); c) immédiatement après la fusion, le nombre d’actionnaires de chaque catégorie remplaçante, le nombre d’actions de chaque catégorie remplaçante appartenant à chaque actionnaire, le nombre d’actions émises de chaque catégorie remplaçante ainsi que les modalités et conditions de chaque action d’une catégorie remplaçante ainsi que le capital versé au titre de chaque catégorie remplaçante, déterminé compte non tenu des dispositions de la présente loi, sont identiques, respectivement, au nombre d’actionnaires de la catégorie échangée et qui se convertit en la catégorie remplaçante, au nombre d’actions de chaque semblable catégorie échangée appartenant à chaque actionnaire, au nombre d’actions émises de chaque semblable catégorie échangée ainsi qu’au capital versé au titre de chaque Income Tax PART I Income Tax DIVISION B Computation of Income
Subsection 150(3), sections 150.1, 151 and 152, subsections 153(1.1), 153(1.2) and 153(3), sections 155 to 156.1 and 158 to 167 and Division J of Part I apply to this Part with any modifications that the circumstances require. Tax on Large Corporations financial institution, in respect of a taxation year, means a corporation that at any time in the year is (a) a bank or credit union, (b) an insurance corporation that carries on business in Canada, (c) authorized under the laws of Canada or a province to carry on the business of offering its services as a trustee to the public, (d) authorized under the laws of Canada or a province to accept deposits from the public and carries on the business of lending money on the security of real property or immovables or investing in indebtedness on the security of mortgages on real property or of hypothecs on immovables, (i) listed in the schedule, or (ii) all or substantially all of the assets of which are shares or indebtedness of financial institutions to which the corporation is related; (institution financière) long-term debt means (a) in the case of a bank, its subordinated indebtedness (within the meaning assigned by section 2 of the Bank Act) evidenced by obligations issued for a term of not less than 5 years, (b) in the case of an insurance corporation, its subordinated indebtedness (within the meaning assigned by section 2 of the Insurance Companies Act) evidenced by obligations issued for a term of not less than 5 years, and (c) in the case of any other corporation, its subordinated indebtedness (within the meaning that would be assigned by section 2 of the Bank Act if the definition of that expression in that section were applied with such modifications as the circumstances require) evidenced by obligations issued for a term of not less than 5 years, but does not include, where the corporation is a prescribed federal Crown corporation for the purpose of section 27, any indebtedness evidenced by obligations issued to and held by Her Majesty in right of Canada; (passif à long terme) reserves, in respect of a corporation for a taxation year, means the amount at the end of the year of all of the corporation’s reserves, provisions and allowances (other than allowances in respect of depreciation or depletion) and, for greater certainty, includes any provision in respect of deferred taxes. (réserves)
Impôt sur le revenu
For the purposes of this Part, the expressions attributed surplus, Canadian assets, Canadian premiums, Canadian reserve liabilities, contractual service margin, group of insurance contracts, group of reinsurance contracts, permanent establishment, policyholders’ liabilities, reinsurance contract held amount, total assets, total premiums and total reserve liabilities have such meanings as may be prescribed.
For the purposes of determining the carrying value of a corporation’s assets or any other amount under this Part in respect of a corporation’s capital, investment allowance, taxable capital or taxable capital employed in Canada for a taxation year or in respect of a partnership in which a corporation has an interest, (a) the equity and consolidation methods of accounting shall not be used; and (b) subject to paragraph 181(3)(a) and except as otherwise provided in this Part, the amounts reflected in the balance sheet (i) presented to the shareholders of the corporation (in the case of a corporation that is neither an insurance corporation to which subparagraph 181(3)(b)(ii) applies nor a bank) or the members of the partnership, as the case may be, or, where such a balance sheet was not prepared in accordance with generally accepted accounting principles or no such balance sheet was prepared, the amounts that would be reflected if such a balance sheet had been prepared in accordance with generally accepted accounting principles, or (ii) accepted by the Superintendent of Financial Institutions, in the case of a bank or an insurance corporation that is required by law to report to the Superintendent, or the superintendent of insurance or other similar officer or authority of the province under whose laws the corporation is incorporated, in the case of an insurance corporation that is required by law to report to that officer or authority, shall be used. Limitations respecting inclusions and deductions
Unless a contrary intention is evident, no provision of this Part shall be read or construed to require the inclusion or to permit the deduction, in computing the amount of a corporation’s capital, investment allowance, taxable capital or taxable capital employed in Canada for a taxation year, of any amount to the extent that that amount has been included or deducted, as the case may be, in computing the first-mentioned amount under, in accordance with or by reason of any other provision of this Part.
(a) its taxable capital employed in Canada for the year exceeds (b) its capital deduction for the year. Restriction Specified percentage (1.1) For the purpose of subsection (1), the specified percentage of a corporation for a taxation year that ends after 2003 is the total of (a) that proportion of 0.225% that the number of days in the taxation year that are before 2004 is of the number of days in the taxation year, (b) that proportion of 0.200% that the number of days in the taxation year that are in 2004 is of the number of days in the taxation year, and (c) that proportion of 0.175% that the number of days in the taxation year that are in 2005 is of the number of days in the taxation year. (1.2) Notwithstanding subsection (1.1), for the purposes of applying subsection 125(5.1) and the definition unused surtax credit in subsections (6) and 190.1(5), the amount of tax in respect of a corporation under subsection (1) for a taxation year is to be determined as if the specified percentage of the corporation for the taxation year were 0.225%. Short taxation years
semblable catégorie échangée, déterminé compte non tenu des dispositions de la présente loi, immédiatement avant la fusion; d) la nouvelle société fait un choix, dans sa déclaration de revenu produite en conformité avec l’article 150 pour sa première année d’imposition, pour que les dispositions du présent paragraphe s’appliquent, les règles suivantes s’appliquent au calcul du capital versé au titre d’une catégorie donnée d’actions du capital-actions de la nouvelle société : e) le paragraphe (3) ne s’applique pas à la fusion; f) chaque catégorie remplaçante est réputée être la même catégorie que la catégorie échangée avant la conversion et en être la continuation. Actions d’une société remplacée
Where a taxation year of a corporation is less than 51 weeks, the amount determined under subsection 181.1(1) for the year in respect of the corporation shall be reduced to that proportion of that amount that the number of days in the year is of 365. Where tax not payable
En cas de fusion de plusieurs sociétés après le 6 mai 1974, chaque actionnaire (à l’exclusion d’une société remplacée) qui était propriétaire, immédiatement avant la fusion, d’actions du capital-actions de l’une des sociétés remplacées (appelées dans le présent paragraphe les « anciennes actions ») qui étaient des immobilisations pour lui et qui n’a reçu, en contrepartie de la disposition de ces actions lors de la fusion, que des actions du capital-actions de la nouvelle société (appelées les « nouvelles actions » au présent paragraphe), est réputé : a) avoir disposé des anciennes actions pour un produit égal au total des prix de base rajustés, pour lui, de ces actions immédiatement avant la fusion; b) avoir acquis les nouvelles actions d’une catégorie donnée du capital-actions de la nouvelle société à un coût égal à la fraction du produit visé à l’alinéa a) représentée par le rapport entre : (i) d’une part, la juste valeur marchande, immédiatement après la fusion, de toutes les nouvelles actions de cette catégorie donnée qu’il a acquises à cette occasion, et (ii) d’autre part, la juste valeur marchande, immédiatement après la fusion, de toutes les nouvelles actions qu’il a acquises à cette occasion, toutefois, lorsque la juste valeur marchande des anciennes actions immédiatement avant la fusion est supérieure à la juste valeur marchande des nouvelles actions immédiatement après la fusion et qu’il est raisonnable de considérer une partie quelconque de cet excédent (appelée la « partie donnée » au présent paragraphe) comme un avantage que l’actionnaire désirait voir conféré à une (d) the shareholder's capital loss from the disposition of the old shares shall be deemed to be nil, and that personne à laquelle il est lié, les règles suivantes s'appliquent : c) l'actionnaire est réputé avoir disposé des anciennes actions pour un produit de disposition égal au moindre des montants suivants : (i) le total des prix de base rajustés supportés par lui, immédiatement avant la fusion, des anciennes actions et de la partie donnée, (ii) la juste valeur marchande des anciennes actions immédiatement avant la fusion; d) la perte en capital subie par l'actionnaire lors de la disposition des anciennes actions est réputée nulle; e) le coût supporté par l'actionnaire de nouvelles actions d'une catégorie quelconque du capital-actions de la nouvelle société acquises par lui lors de la fusion est réputé être la fraction du moindre des montants suivants : (i) le total des prix de base rajustés supportés par lui, immédiatement avant la fusion, des anciennes actions, (ii) le total de la juste valeur marchande, immédiatement après la fusion, de toutes les nouvelles actions ainsi acquises par lui et du montant qui, sans l'alinéa d), aurait constitué la perte en capital subie par l'actionnaire lors de la disposition des anciennes actions, représentée par le rapport entre : (iii) d'une part, la juste valeur marchande, immédiatement après la fusion, de toutes les nouvelles actions de cette catégorie ainsi acquises par lui, (iv) d'autre part, la juste valeur marchande, immédiatement après la fusion, de toutes les nouvelles actions ainsi acquises par lui; en outre, lorsque les anciennes actions étaient des biens canadiens imposables de l'actionnaire, les nouvelles actions sont réputées l'être également à tout moment de la période de 60 mois suivant la fusion. Actions échangées (4.1) Pour l'application de la définition de action privilégiée à terme, au paragraphe 248(1), lorsqu'il y a eu fusion de plusieurs sociétés après le 16 novembre 1978 et qu'une action de toute catégorie du capital-actions de la Idem (d) the new corporation shall be deemed to be the same corporation as, and a continuation of, each predecessor corporation; (e) le choix fait par une société remplacée en application du paragraphe 191.2(1) en ce qui concerne la nouvelle société (appelée la « nouvelle action » au présent paragraphe) a été émise en contrepartie de la disposition d’une action de toute catégorie du capital-actions d’une société remplacée (appelée « l’action échangée » au présent paragraphe) et les caractéristiques de la nouvelle action étaient les mêmes ou essentiellement les mêmes que celles de l’action échangée : a) la nouvelle action est réputée avoir été émise au moment où l’action échangée a été émise; b) si l’action échangée a été émise en vertu d’une convention écrite, la nouvelle action est réputée avoir été émise en vertu de cette convention; c) la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation. Actions échangées après le 27 novembre 1986 (4.2) En cas de fusion ou d’unification de plusieurs sociétés après le 27 novembre 1986, si une action d’une catégorie du capital-actions de la société issue de la fusion (appelée « nouvelle action » au présent paragraphe — est émise à un actionnaire en contrepartie de la disposition par cet actionnaire d’une action d’une catégorie du capital-actions d’une société remplacée — appelée « action échangée » au présent paragraphe — et si les caractéristiques de la nouvelle action sont les mêmes ou essentiellement les mêmes que celles de l’action échangée, pour l’application à la nouvelle action des dispositions des paragraphes 112(2.2) et (2.4), des parties IV.1 et VI.1, de l’article 258, ainsi que des définitions de action de régime transitoire, de action particulière à une institution financière, de action privilégiée à court terme et de action privilégiée imposable au paragraphe 248(1) : a) la nouvelle action est réputée émise au moment où l’action échangée a été émise; b) si l’action échangée était une action visée à l’un des alinéas a) à d) de la définition de action de régime transitoire au paragraphe 248(1), la nouvelle action est réputée être la même action que l’action échangée pour l’application de cette définition; c) l’actionnaire est réputé avoir acquis la nouvelle action au moment où il a acquis l’action échangée; d) la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; e) le choix fait par une société remplacée en application du paragraphe 191.2(1) en ce qui concerne la (f) where the terms or conditions of the exchanged share or an agreement in respect of the exchanged share specify an amount in respect of the exchanged share for the purposes of subsection 191(4) and an amount equal to the amount so specified in respect of the exchanged share is specified in respect of the new share for the purposes of subsection 191(4), catégorie d’actions de son capital-actions dont l’action échangée faisait partie est réputée être un choix fait par la nouvelle société en ce qui concerne la catégorie d’actions de son capital-actions dont la nouvelle action fait partie; f) lorsque les caractéristiques de l’action échangée ou une convention concernant cette action indiquent un montant au titre de l’action échangée pour l’application du paragraphe 191(4), les présomptions suivantes s’appliquent, à condition que le montant au titre de la nouvelle action pour l’application de ce paragraphe soit égal à celui ainsi indiqué au titre de l’action échangée : (i) pour l’application des sous-alinéas 191(4)d)(i) et e)(i), la nouvelle action est réputée avoir été émise pour la même contrepartie et à la même fin que l’action échangée, (ii) pour l’application des sous-alinéas 191(4)d)(ii) et e)(ii), la nouvelle action est réputée être la même action que l’action échangée et avoir été émise à la même fin que celle-ci, (iii) pour l’application du paragraphe 191(4), dans le cas où l’actionnaire n’a reçu aucune contrepartie de la disposition de l’action échangée, (A) si le paragraphe 191(4) s’applique à l’action échangée par l’effet de l’alinéa 191(4)a), la nouvelle action est réputée avoir été émise pour une contrepartie dont la juste valeur marchande est égale à la contrepartie de l’émission de l’action échangée, (B) si le paragraphe 191(4) s’applique à l’action échangée en raison d’un événement visé à l’alinéa 191(4)b) ou c), la juste valeur marchande de la contrepartie pour laquelle la nouvelle action a été émise est réputée égale à la juste valeur marchande de l’action échangée immédiatement avant le moment où l’événement s’est produit. Droits échangés (4.3) En cas de fusion ou d’unification de plusieurs sociétés après le 18 juin 1987, si un droit, coté à une bourse de valeurs désignée, permettant d’acquérir une action d’une catégorie du capital-actions de la nouvelle société — appelé « nouveau droit » au présent paragraphe — est **Flow-through shares** (4.4) Where (d) the new corporation acquis par un actionnaire en contrepartie de la disposition d’un droit, visé à l’alinéa (d) de la définition de **action de régime transitoire**, au paragraphe 248(1), permettant d’acquérir une action d’une catégorie du capital-actions d’une société remplacée — appelé « droit échangé » au présent paragraphe —, les caractéristiques du nouveau droit sont les mêmes ou essentiellement les mêmes que les caractéristiques du droit échangé et, enfin, si les caractéristiques de l’action recevable sur exercice du nouveau droit sont les mêmes ou essentiellement les mêmes que les caractéristiques de l’action qui aurait été reçue sur exercice du droit échangé, le nouveau droit est réputé être le même droit que le droit échangé pour l’application de l’alinéa (d) de la définition **action de régime transitoire**, au paragraphe 248(1). **Actions accréditives** (4.4) Dans le cas où, à la fois : a) il y a fusion de plusieurs sociétés dont chacune est une société exploitant une entreprise principale, au sens du paragraphe 66(15), ou une société qui n’a jamais exploité d’entreprise; b) une société remplacée conclut à un moment donné une convention avec une personne pour une contrepartie que celle-ci s’engage à lui donner; c) pour la contrepartie prévue par la convention : (i) une action (appelée « ancienne action » au présent paragraphe) de la société remplacée qui était une action accréditive (sauf un droit d’acquérir une action) a été émise à la personne avant la fusion, (ii) un droit d’acquérir une action, qui serait une action accréditive si elle était émise, a été émis à la personne avant la fusion; d) la nouvelle société, selon le cas : (i) émet, à l’occasion de la fusion et en contrepartie de la disposition de l’ancienne action, une action (appelée « nouvelle action » au présent paragraphe) d’une catégorie de son capital-actions à la personne (ou à toute personne ou société de personnes ayant acquis l’ancienne action ultérieurement), et les caractéristiques de la nouvelle action sont les mêmes ou essentiellement les mêmes que celles de l’ancienne action, (ii) est obligée après la fusion, en raison du droit visé au sous-alinéa c)(ii), d’émettre à la personne une action d’une catégorie de son capital-actions qui serait une action accréditive si elle était émise, Income Tax PART I Income Tax DIVISION B Computation of Income
No tax is payable under this Part for a taxation year by a corporation (a) that was a non-resident-owned investment corporation throughout the year; (b) that was a bankrupt at the end of the year; (c) that was throughout the year exempt from tax under section 149 on all of its taxable income; (d) that neither was resident in Canada nor carried on business through a permanent establishment in Canada at any time in the year;
Adjusted cost base of option Impôt sur le revenu
(e) that was throughout the year a deposit insurance corporation (within the meaning assigned by subsection 137.1(5)) or a corporation deemed by subsection 137.1(5.1) to be a deposit insurance corporation; or (f) that was throughout the year a corporation described in subsection 136(2) the principal business of which was marketing (including processing incidental to or connected therewith) natural products belonging to or acquired from its members or customers.
There may be deducted from a corporation’s tax otherwise payable under this Part for a taxation year an amount equal to the total of (a) its Canadian surtax payable for the year, and (b) such part as the corporation claims of its unused surtax credits for its 7 immediately preceding and 3 immediately following taxation years, to the extent that that total does not exceed the amount by which (c) the amount that would, but for this subsection, be its tax payable under this Part for the year (d) the total of all amounts each of which is the amount deducted under subsection 125.3(1) in computing the corporation’s tax payable under Part I for a taxation year ending before 1992 in respect of its unused Part I.3 tax credit (within the meaning assigned by section 125.3) for the year. (a) an amount may not be claimed under subsection 181.1(4) in computing a corporation’s tax payable under this Part for a particular taxation year in respect of its unused surtax credits for another taxation year until its unused surtax credits, if any, for taxation years preceding the other year that may be claimed under this Part for the particular year have been claimed; and (b) an amount in respect of a corporation’s unused surtax credit for a taxation year may be claimed under subsection 181.1(4) in computing its tax payable under this Part for another taxation year only to the extent that it exceeds the total of all amounts each of which is an amount claimed in respect of that unused surtax credit in computing its tax payable under this Part or Part VI for a taxation year preceding that other year. Canadian surtax payable of a corporation for a taxation year has the meaning assigned by subsection 125.3(4); (surtaxe canadienne payable) unused surtax credit for a taxation year ending after 1991 (a) of a corporation (other than a corporation that was throughout the year a financial institution, within the meaning assigned by section 190) means the amount, if any, by which (i) its Canadian surtax payable for the year exceeds the total of (ii) the amount that would, but for subsection 181.1(4), be its tax payable under this Part for the year, and (iii) the amount, if any, deducted under section 125.3 in computing the corporation’s tax payable under Part I for the year, and (b) of a corporation that was throughout the year a financial institution (within the meaning assigned by section 190) means the lesser of (i) the amount, if any, by which (A) its Canadian surtax payable for the year exceeds the total of (B) the amount that would, but for subsection 181.1(4), be its tax payable under this Part for the year, and (ii) the amount, if any, by which (A) its tax payable under Part I for the year, but for subsections 125.3(4) and 190.1(3), exceeds (C) the amount, if any, deducted under section 125.3 in computing the corporation’s tax payable under Part I for the year, and (ii) the amount, if any, by which its tax payable under Part I for the year exceeds the amount that would, but for subsection 181.1(4) and subsection 190.13(1), be the total of its taxes payable under Parts I.3 and VI for the year. (crédit de surtaxe inutilisé) Acquisition of control
Where at any time control of a corporation has been acquired by a person or group of persons, no amount in respect of its unused surtax credit for a taxation year ending before that time is deductible by the corporation for a taxation year ending after that time and no amount in respect of its unused surtax credit for a taxation year ending after that time is deductible by the corporation for a taxation year ending before that time, except that (a) the corporation’s unused surtax credit for a particular taxation year that ended before that time is deductible by the corporation for a taxation year that ends after that time (in this paragraph referred to as the “subsequent year”) to the extent of that proportion of the corporation’s Canadian surtax payable for the particular year that (i) the amount, if any, by which (A) the total of all amounts each of which is (I) its income under Part I for the particular year from a business that was carried on by the corporation throughout the subsequent year for profit or with a reasonable expectation of profit, or (II) where properties were sold, leased, rented or developed or services were rendered in the course of carrying on that business before that time, its income under Part I for the particular year from any other business all or substantially all of the income of which was derived from the sale, leasing, rental or development, as the case may be, of similar properties or the rendering of similar services (B) the total of all amounts each of which is an amount deducted under paragraph 111(1)(a) or 111(1)(d) in computing its taxable income for the particular year in respect of a non-capital loss or a farm loss, as the case may be, for taxation year is of the greater of (iii) the corporation’s taxable income for the particular year; and (b) the corporation’s unused surtax credit for a particular taxation year that ends after that time is deductible by the corporation for a taxation year that ended before that time (in this paragraph referred to as the “preceding year”) to the extent of that proportion of the corporation’s Canadian surtax payable for the particular year that (i) the amount, if any, by which (A) the total of all amounts each of which is (I) its income under Part I for the particular year from a business that was carried on by the corporation in the preceding year and throughout the particular year for profit or with a reasonable expectation of profit, or (II) where properties were sold, leased, rented or developed or services were rendered in the course of carrying on that business before that time, the corporation’s income under Part I for the particular year from any other business all or substantially all of the income of which was derived from the sale, leasing, rental or development, as the case may be, of similar properties or the rendering of similar services (B) the total of all amounts each of which is an amount deducted under paragraph 111(1)(a) or 111(1)(d) in computing the corporation’s taxable income for the particular year in respect of a non-capital loss or a farm loss, as the case may be, for a taxation year in respect of any business referred to in clause 181.1(7)(b)(i)(A) is of the greater of (ii) the amount determined under subparagraph 181.1(7)(b)(i), and (iii) the corporation’s taxable income for the particular year. Taxable capital employed in Canada
pour l’application du paragraphe 66(12.66) et de la partie XII.6 et pour ce qui est de la renonciation d’un montant en vertu des paragraphes 66(12.6), (12.601) ou (12.62) concernant des frais d’exploration au Canada ou des frais d’aménagement au Canada que la nouvelle société engagerait après la fusion si ce n’était la renonciation, les présomptions suivantes s’appliquent : e) la personne est réputée avoir donné à la nouvelle société la contrepartie prévue par la convention pour l’émission de la nouvelle action; f) la convention est réputée avoir été conclue entre la nouvelle société et la personne au moment donné; g) la nouvelle action est réputée être une action accréditive de la nouvelle société; h) la nouvelle société est réputée être la même société que la société remplacée et en être la continuation. Options d’acquisition d’actions d’une société remplacée
The taxable capital of a corporation (other than a financial institution) for a taxation year is the amount, if any, by which its capital for the year exceeds its investment allowance for the year.
En cas de fusion de plusieurs sociétés après le 6 mai 1974, un contribuable (à l’exclusion d’une société remplacée) qui, immédiatement avant la fusion, était propriétaire d’une immobilisation constituant en une option d’acquisition d’actions du capital-actions de l’une des sociétés remplacées (appelée l’« ancienne option » au présent paragraphe) et qui n’a reçu, en contrepartie de la disposition de cette option lors de la fusion, qu’une nouvelle option d’acquisition d’actions du capital-actions de la nouvelle société (appelée l’« nouvelle option » au présent paragraphe) est réputé : a) avoir disposé de l’ancienne option pour un produit égal au prix de base rajusté, pour lui, de cette option immédiatement avant la fusion; b) avoir acquis la nouvelle option à un coût égal au produit visé à l’alinéa a). En outre, lorsque l’ancienne option était un bien canadien imposable du contribuable, la nouvelle option est réputée l’être également à tout moment de la période de 60 mois suivant la fusion. Prix de base rajusté d’une option (5.1) Dans le cas où le coût d’une nouvelle option pour un contribuable est déterminé à un moment donné selon le paragraphe (5), les règles suivantes s’appliquent : (b) the amount determined under paragraph 87(6.1)(a) in respect of the particular property shall be a) est à déduire, après ce moment, dans le calcul du prix de base rajusté de la nouvelle option pour le contribuable le total des montants déduits en application de l’alinéa 53(2)g.1) dans le calcul, immédiatement avant ce moment, du prix de base rajusté de l’ancienne option pour le contribuable; b) le montant déterminé selon l’alinéa a) est à ajouter, après ce moment, dans le calcul du prix de base rajusté de la nouvelle option pour le contribuable. Obligations de la société remplacée
The capital of a corporation (other than a financial institution) for a taxation year is the amount, if any, by which the total of (a) the amount of its capital stock (or, in the case of a corporation incorporated without share capital, the amount of its members’ contributions), retained earnings, contributed surplus and any other surpluses at the end of the year, (b) the amount of its reserves for the year, except to the extent that they were deducted in computing its income for the year under Part I, (b.1) the amount of its deferred unrealized foreign exchange gains at the end of the year, (c) the amount of all loans and advances to the corporation at the end of the year, (e) the amount of any dividends declared but not paid by the corporation before the end of the year, (f) the amount of all other indebtedness (other than any indebtedness in respect of a lease) of the corporation at the end of the year that has been outstanding for more than 365 days before the end of the year, and (g) the total of all amounts, each of which is the amount, if any, in respect of a partnership in which the corporation held a membership interest at the end of the year, either directly or indirectly through another partnership, determined by the formula A is the total of all amounts that would be determined under paragraphs (b) to (d) and (f) in respect of the partnership for its last fiscal period that ends at or before the end of the year if (a) those paragraphs applied to partnerships in the same manner that they apply to corporations, and (b) those amounts were computed without reference to amounts owing by the partnership (i) to any corporation that held a membership interest in the partnership either directly or indirectly through another partnership, or (ii) to any partnership in which a corporation described in subparagraph (i) held a membership interest either directly or indirectly through another partnership, B is the partnership’s deferred unrealized foreign exchange losses at the end of the period, C is the share of the partnership’s income or loss for the period to which the corporation is entitled either directly or indirectly through another partnership, and D is the partnership’s income or loss for the period exceeds the total of (h) the amount of its deferred tax debit balance at the end of the year, (i) the amount of any deficit deducted in computing its shareholders’ equity (including, for this purpose, the amount of any provision for the redemption of preferred shares) at the end of the year, (j) any amount deducted under subsection 135(1) in computing its income under Part I for the year, to the extent that the amount can reasonably be regarded as being included in the amount determined under any of paragraphs 181.2(3)(a) to 181.2(3)(g) in respect of the corporation for the year, and (k) the amount of its deferred unrealized foreign exchange losses at the end of the year.
Malgré le paragraphe (7), en cas de fusion de plusieurs sociétés après le 6 mai 1974, un contribuable (à l’exclusion d’une société remplacée) qui, immédiatement avant la fusion, était propriétaire d’une immobilisation constituée en une obligation, une créance hypothécaire, un billet ou une autre titre semblable de l’une des sociétés remplacées (appelé « l’ancien bien » au présent paragraphe) et qui n’a reçu, en contrepartie de la disposition de l’ancien bien lors de la fusion, qu’une obligation, une créance hypothécaire, un billet ou un autre titre semblable, respectivement, de la nouvelle société (appelé « le nouveau bien » au présent paragraphe) est réputé avoir disposé de l’ancien bien et acquis le nouveau bien au moment de la fusion, et le montant payable au détenteur du nouveau bien à l’échéance de celui-ci est le même que celui qui aurait été payable au détenteur de l’ancien bien à l’échéance de celui-ci, est réputé : a) avoir disposé de l’ancien bien pour un produit égal au prix de base rajusté, pour lui, de ce bien immédiatement avant la fusion; b) avoir acquis le nouveau bien à un coût égal au produit visé à l’alinéa a). Prix de base rajusté (6.1) Lorsque le coût, pour un contribuable, d’un bien donné qui est une obligation ou un billet est déterminé à un moment donné selon le paragraphe (6) et les conditions de l’obligation ou du billet sont telles que le détenteur a le droit d’échanger l’obligation ou le billet contre des actions, les règles suivantes s’appliquent : a) est à déduire, après ce moment, dans le calcul du prix de base rajusté de l’obligation ou du billet pour le contribuable le total des montants déduits en application de l’alinéa 53(2)g.1) dans le calcul, immédiatement avant ce moment, du prix de base rajusté, pour le contribuable, du bien reçu en échange de bien donné à ce moment; b) le montant déterminé selon l’alinéa a) relativement au bien donné est à ajouter, après ce moment, dans le Income Tax PART I Income Tax DIVISION B Computation of Income
The investment allowance of a corporation (other than a financial institution) for a taxation year is the total of all amounts each of which is the carrying value at the end of the year of an asset of the corporation that is (a) a share of another corporation, (b) a loan or advance to another corporation (other than a financial institution), (c) a bond, debenture, note, mortgage, hypothecary claim or similar obligation of another corporation (other than a financial institution), (d.1) a loan or advance to, or a bond, debenture, note, mortgage, hypothecary claim or similar obligation of, a partnership each member of which was, throughout the year, (i) another corporation (other than a financial institution) that was not exempt from tax under this Part (otherwise than because of paragraph 181.1(3)(d)), or (ii) another partnership described in this paragraph, (e) an interest in a partnership, or (f) a dividend payable to the corporation at the end of the year on a share of the capital stock of another corporation, other than a share of the capital stock of, a dividend payable by, or indebtedness of, a corporation that is exempt from tax under this Part (otherwise than because of paragraph 181.1(3)(d)). Value of interest in partnership
Idem Foreign merger Impôt sur le revenu
For the purposes of subsection (4) and this subsection, the carrying value at the end of a taxation year of an interest of a corporation or of a partnership (each of which is referred to in this subsection as the “member”) in a particular partnership is deemed to be the member’s specified proportion, for the particular partnership’s last fiscal period that ends at or before the end of the taxation year, of the amount that would, if the particular partnership were a corporation, be the particular partnership’s investment allowance at the end of that fiscal period.
For the purpose of subsection 181.2(4), where a corporation made a particular loan to a trust that neither (a) made any loans or advances to nor received any loans or advances from, nor (b) acquired any bond, debenture, note, mortgage, hypothecary claim or similar obligation of nor issued any bond, debenture, note, mortgage, hypothecary claim or similar obligation to a person not related to the corporation, as part of a series of transactions in which the trust made a loan to another corporation (other than a financial institution) to which the corporation is related, the least of (c) the amount of the particular loan, (e) the amount, if any, by which (i) the total of all amounts each of which is the amount of a loan from the trust to any corporation (ii) the total of all amounts each of which is the amount of a loan (other than the particular loan) from any corporation to the trust at any time shall be deemed to be the amount of a loan from the corporation to the other corporation at that time. Taxable capital employed in Canada of financial institution
(a) the total of all amounts each of which is the carrying value at the end of the year of an asset of the financial institution (other than property held by the institution primarily for the purpose of resale that was acquired by the financial institution, in the year or the preceding taxation year, as a consequence of another person’s default, or anticipated default, in respect of a debt owed to the institution) that is tangible, or for civil law corporeal, property used in Canada and, in the case of a financial institution that is an insurance corporation, that is non-segregated property, within the meaning assigned by subsection 138(12), (b) the total of all amounts each of which is an amount in respect of a partnership in which the financial institution has an interest at the end of the year equal to that proportion of (i) the total of all amounts each of which is the carrying value of an asset of the partnership, at the end of its last fiscal period ending at or before the end of the year, that is tangible, or for civil law corporeal, property used in Canada (ii) the financial institution’s share of the partnership’s income or loss for that period is of (iii) the partnership’s income or loss for that period, (c) an amount that is equal to (i) in the case of a financial institution other than an insurance corporation, that proportion of its taxable capital for the year that its Canadian assets at the end of the year is of its total assets at the end of the year, (ii) in the case of an insurance corporation that was resident in Canada at any time during the year and carried on a life insurance business at any time in the year, the total of (A) that proportion of the amount, if any, by which the total of (I) its taxable capital for the year, and (II) the amount prescribed for the year in respect of the corporation (III) the amount prescribed for the year in respect of the corporation that its Canadian reserve liabilities as at the end of the year is of the total of (IV) its total reserve liabilities as at the end of the year, and (V) the amount prescribed for the year in respect of the corporation, and (iii) in the case of an insurance corporation that was resident in Canada at any time in the year and throughout the year did not carry on a life insurance business, that proportion of its taxable capital for the year that the total amount of its Canadian premiums for the year is of its total premiums for the year, and (iv) in the case of an insurance corporation that was throughout the year not resident in Canada and carried on an insurance business in Canada at any time in the year, its taxable capital for the year. Taxable capital of financial institution
The taxable capital of a financial institution for a taxation year is the amount, if any, by which its capital for the year exceeds its investment allowance for the year. Capital of financial institution
calcul du prix de base rajusté de ce bien pour le contribuable. Idem
The capital of a financial institution for a taxation year is (a) in the case of a financial institution, other than an authorized foreign bank or an insurance corporation, the amount, if any, by which the total at the end of the year of (i) the amount of its long-term debt, (ii) the amount of its capital stock (or, in the case of an institution incorporated without share capital, the amount of its members’ contributions), retained earnings, contributed surplus and any other surpluses, and (iii) the amount of its reserves for the year, except to the extent that they were deducted in computing its income under Part I for the year, exceeds the total of (iv) the amount of its deferred tax debit balance at the end of the year, (v) the amount of any deficit deducted in computing its shareholders’ equity (including, for this purpose, the amount of any provision for the redemption of preferred shares) at the end of the year, and (vi) any amount deducted under subsection 130.1(1) or 137(2) in computing its income under Part I for the year, to the extent that the amount can reasonably be regarded as being included in the amount determined under subparagraph 181.3(3)(a)(i), 181.3(3)(a)(ii) or 181.3(3)(a)(iii) in respect of the institution for the year; (b) in the case of an insurance corporation that was resident in Canada at any time in the year and carried on a life insurance business at any time in the year, the amount determined by the formula A is the amount of the corporation’s long-term debt at the end of the year, B is the total amount, at the end of the year, of the corporation’s (i) capital stock (or, in the case of an insurance corporation incorporated without share capital, the amount of its members’ contributions), (iii) accumulated other comprehensive income, (v) contributed surplus, and C is the total of all amounts each of which is the contractual service margin for a group of insurance contracts of the corporation at the end of the year other than a group of segregated fund policies, D is the total of all amounts each of which is the amount, in respect of a group of reinsurance contracts held by the corporation at the end of the year, that is (i) if no portion of the contractual service margin for the group is in respect of a risk under a segregated fund policy, the contractual service margin for the group, and (ii) in any other case, the amount that would be the contractual service margin for the group if the contractual service margin were determined excluding any portion of the contractual service margin that is in respect of the reinsurance of risks under segregated fund policies, and E is the amount of any deficit deducted in computing the shareholders’ equity (including, for this purpose, the amount of any provision for the redemption of preferred shares) at the end of the year; (c) in the case of an insurance corporation that was resident in Canada at any time in the year and throughout the year did not carry on a life insurance business, the amount determined by the formula A is the amount of the corporation’s long-term debt at the end of the year, B is the total amount, at the end of the year, of the corporation’s (i) capital stock (or, in the case of an insurance corporation incorporated without share capital, the amount of its members’ contributions), (iii) accumulated other comprehensive income, (v) contributed surplus, and C is total of all amounts each of which is the contractual service margin for a group of insurance contracts of the corporation at the end of the year that is in respect of (i) non-cancellable or guaranteed renewable accident and sickness policies in respect of accident and sickness insurance (as defined in subsection 1408(1) of the Income Tax Regulations), (ii) mortgage insurance (as defined in subsection 1408(1) of the Income Tax Regulations), or (iii) title insurance (as defined in subsection 1408(1) of the Income Tax Regulations), D is the total of all amounts each of which is the amount, in respect of a group of reinsurance contracts held by the corporation at the end of the year, that is margin is in respect of a risk under an insurance policy other than an insurance policy that is in respect of (A) non-cancellable or guaranteed renewable accident and sickness policies in respect of accident and sickness insurance (as defined in subsection 1408(1) of the Income Tax Regulations), (B) mortgage insurance (as defined in subsection 1408(1) of the Income Tax Regulations), or (C) title insurance (as defined in subsection 1408(1) of the Income Tax Regulations), and (ii) in any other case, the amount that would be the contractual service margin for the group if the contractual service margin were determined excluding any portion that is in respect of the reinsurance of risks under policies other than those described in any of clauses (i)(A) to (C), E is the amount of the corporation’s reserves for the year, except to the extent that they (i) were deducted in computing its income under Part I for the year, or (ii) are reserves in respect of the contractual service margin for a group of insurance contracts of the corporation at the end of the year, F is the total of all amounts each of which is the reinsurance contract held amount for a group of reinsurance contracts held by the corporation at the end of the year, to the extent the amount can be reasonably regarded as being included in the amount determined under the description of E, and G is the amount of any deficit deducted in computing the shareholders’ equity (including, for this purpose, the amount of any provision for the redemption of preferred shares) at the end of the year; (d) in the case of an insurance corporation that was throughout the year not resident in Canada and carried on an insurance business in Canada at any time in the year, the total at the end of the year of (i) the amount that is the greater of (A) the amount, if any, by which (I) the corporation’s surplus funds derived from operations (as defined in subsection 138(12)) as of the end of the year, computed as if no tax were payable under this Part or Part VI for the year exceeds the total of all amounts each of which is (II) an amount on which the corporation was required to pay, or would but for subsection 219(5.2) have been required to pay, tax under Part XIV for a preceding taxation year, except the portion, if any, of the amount on which tax was payable, or would have been payable, because of subparagraph 219(4)(a)(i.1), and (III) an amount on which the corporation was required to pay, or would but for subsection 219(5.2) have been required to pay, tax under subsection 219(5.1) for the year because of the transfer of an insurance business to which subsection 138(11.5) or 138(11.92) has applied, and (B) the corporation’s attributed surplus for the year, (ii) any other surpluses relating to its insurance businesses carried on in Canada, (iii) the amount of its long-term debt that may reasonably be regarded as relating to its insurance businesses carried on in Canada, and (iv) the amount, if any, by which (A) the amount of its reserves for the year (other than its reserves in respect of amounts payable out of segregated funds) that may reasonably be regarded as having been established in respect of its insurance businesses carried on in Canada exceeds the total of (B) the total of all amounts each of which is the amount of a reserve (other than a reserve described in subparagraph 138(3)(a)(i)) to the extent that it was included in the amount determined under clause 181.3(3)(d)(iv)(A) and was deducted in computing its income under Part I for the year, (C) the total of all amounts each of which is the amount of a reserve described in subparagraph 138(3)(a)(i) to the extent that it was included in the amount determined under clause 181.3(3)(d)(iv)(A) and was deductible under subparagraph 138(3)(a)(i) in computing its income under Part I for the year, and
Lorsqu’il y a eu fusion de plusieurs sociétés après le 6 mai 1974 et que : a) d’une part, une dette ou autre engagement d’une société remplacée qui n’avait pas été réglé immédiatement avant la fusion est devenu une dette ou autre engagement de la nouvelle société lors de la fusion; b) d’autre part, le montant que doit payer la nouvelle société à l’échéance de la dette ou de l’engagement est le même que celui que la société remplacée aurait dû payer à l’échéance, les dispositions de la loi : c) ne s’appliquent pas à l’égard du transfert de cette dette ou de cet autre engagement à la nouvelle société; d) s’appliquent comme si la nouvelle société avait contracté la dette ou l’engagement au moment où la société remplacée l’a contracté ou comme si la société remplacée avait conclu une convention en vertu de laquelle la dette ou l’engagement a été contracté. Toutefois, pour l’application de la définition de obligation à intérêt conditionnel, au paragraphe 248(1), l’alinéa d) ne s’applique pas à une dette ou à un engagement de la nouvelle société à moins que les modalités qui y sont applicables immédiatement après la fusion soient les mêmes ou essentiellement les mêmes que celles propres à la dette ou à l’engagement qui était une obligation à intérêt conditionnel de la société remplacée immédiatement avant la fusion. Fusion étrangère
(F) the total of all amounts each of which is the reinsurance contract held amount for a group of reinsurance contracts held by the corporation at the end of the year, to the extent the amount can be reasonably regarded as being included in the amount determined under clause (A); and (e) in the case of an authorized foreign bank, the total of (i) 10% of the total of all amounts, each of which is the risk-weighted amount at the end of the year of an on-balance sheet asset or an off-balance sheet exposure of the bank in respect of its Canadian banking business that the bank would be required to report under the OSFI risk-weighting guidelines if those guidelines applied and required a report at that time, and (ii) the total of all amounts, each of which is an amount at the end of the year in respect of the bank’s Canadian banking business that (A) if the bank were a bank listed in Schedule II to the Bank Act, would be required under the risk-based capital adequacy guidelines issued by the Superintendent of Financial Institutions and applicable at that time to be deducted from the bank’s capital in determining the amount of capital available to satisfy the Superintendent’s requirement that capital equal a particular proportion of risk-weighted assets and exposures, and (B) is not an amount in respect of a loss protection facility required to be deducted from capital under the Superintendent’s guidelines respecting asset securitization applicable at that time. Investment allowance of financial institution
Sous réserve du paragraphe 95(2), en cas de fusion étrangère dans le cadre de laquelle les actions, appartenant à un contribuable, du capital-actions d’une société qui était une société étrangère remplacée immédiatement avant la fusion, ou les options d’acquisition de telles actions appartenant au contribuable, ont été échangées contre des actions du capital-actions de la nouvelle société étrangère ou de la société mère étrangère, ou contre des options d’acquisition de telles actions, ou sont devenues de telles actions ou options, les paragraphes (4) et (5) s’appliquent au contribuable, avec les modifications suivantes, sauf s’il choisit de ne pas se prévaloir du présent paragraphe dans sa déclaration de revenu pour l’année d’imposition de la fusion : a) « fusion » est remplacé par « fusion étrangère »; Fusion absorption (8.2) Pour l’application de la définition de fusion étrangère au paragraphe (8.1), s’il y a fusion ou combinaison, autrement que par suite d’une distribution de biens à une société lors de la liquidation d’une autre société, de plusieurs sociétés non-résidentes (appelées chacune « société étrangère remplacée » au présent paragraphe) par suite de laquelle une ou plusieurs sociétés étrangères remplacées cessent d’exister et que, immédiatement après la fusion ou la combinaison, une autre société étrangère remplacée (appelée « société survivante » au présent paragraphe) est propriétaire de biens (à l’exclusion des montants à recevoir de, ou des actions du capital-actions d’une société étrangère remplacée) représentant la totalité ou la presque totalité de la juste valeur marchande de l’ensemble des biens dont était propriétaire chacune des sociétés étrangères remplacées immédiatement avant la fusion ou la combinaison, les règles ci-après s’appliquent : a) la fusion ou la combinaison est réputée être celle de sociétés étrangères remplacées pour former une seule société non résidente; b) la société survivante est réputée être la société non résidente issue de la fusion ou de la combinaison; c) les biens de la société survivante immédiatement avant la fusion ou la combinaison qui sont des biens de celle-ci immédiatement après la fusion ou la combinaison sont réputés devenir des biens de celle-ci par suite de la fusion ou de la combinaison; d) les dettes de la société survivante immédiatement avant la fusion ou la combinaison qui sont des dettes de celle-ci immédiatement après la fusion ou la combinaison sont réputées devenir des dettes de celle-ci par suite de la fusion ou de la combinaison; e) les actions du capital-actions de la société survivante qui étaient en circulation immédiatement avant la fusion ou la combinaison et qui sont des actions de son capital-actions immédiatement après celle-ci sont réputées devenir des actions de son capital-actions par suite de la fusion ou de la combinaison; f) les actions du capital-actions de chaque société étrangère remplacée, sauf la société survivante, qui étaient en circulation immédiatement avant la fusion ou la combinaison et qui cessent d’exister par suite de celle-ci sont réputées être échangées par les Income Tax PART I Income Tax DIVISION B Computation of Income
The investment allowance for a taxation year of a corporation that is a financial institution is (a) in the case of a corporation that was resident in Canada at any time in the year, the total of all amounts each of which is the carrying value at the end of the year of an eligible investment of the corporation; (b) in the case of an insurance corporation that was throughout the year not resident in Canada, the total of all amounts each of which is the carrying value at the end of the year of an eligible investment of the corporation that was used or held by it in the year in the course of carrying on an insurance business in Canada; (c) in the case of an authorized foreign bank, the total of all amounts each of which is the amount at the end of the year, before the application of risk weights, that the bank would be required to report under the OSFI risk-weighting guidelines if those guidelines applied and required a report at that time, of an eligible investment used or held by the bank in the year in the course of carrying on its Canadian banking business; and (a) an eligible investment of a corporation is a share of the capital stock or long-term debt of (and, where the corporation is an insurance corporation, is non-segregated property within the meaning assigned by subsection 138(12)) of a financial institution that at the end of the year (i) is related to the corporation, (ii) is not exempt from tax under this Part, and (iii) is resident in Canada or can reasonably be regarded as using the proceeds of the share or debt in a business carried on by the institution through a permanent establishment (as defined by regulation) in Canada; and (b) a credit union and another credit union of which the credit union is a shareholder or member are deemed to be related to each other. Taxable capital employed in Canada of non-resident
(8.4) Subsection (8.5) applies at any time if Impôt sur le revenu
(a) the total of all amounts each of which is the carrying value at the end of the year of an asset of the corporation used by it in the year in, or held by it in the year in the course of, carrying on any business carried on by it during the year through a permanent establishment in Canada, exceeds the total of (b) the amount of the corporation’s indebtedness at the end of the year (other than indebtedness described in any of paragraphs 181.2(3)(c) to 181.2(3)(f)) that may reasonably be regarded as relating to a business carried on by it during the year through a permanent establishment in Canada, (c) the total of all amounts each of which is the carrying value at the end of the year of an asset described in subsection 181.2(4) of the corporation that was used by it in the year in, or held by it in the year in the course of, carrying on any business carried on by it during the year through a permanent establishment in Canada, and (d) the total of all amounts each of which is the carrying value at the end of the year of an asset of the corporation that (i) is a ship or aircraft operated by the corporation in international traffic or is personal or movable property used in its business of transporting passengers or goods by ship or aircraft in international traffic, and (ii) was used by the corporation in the year in, or held by it in the year in the course of, carrying on any business during the year through a permanent establishment in Canada, if the country in which the corporation is resident imposed neither a capital tax for the year on similar assets nor a tax for the year on the income from the operation of a ship or aircraft in international traffic, of any corporation resident in Canada during the year.
unless the corporation is related to another corporation at any time in the taxation year, in which case, subject to subsection (4), its capital deduction for the year is nil. (1.1) For the purposes of applying subsection 125(5.1), the definitions unused surtax credit in subsections 181.1(6) and 190.1(5), and subsection 225.1(8), the amount of tax in respect of a corporation under subsection 181.1(1) for a taxation year is to be determined as if the reference to "$50 million" in subsection (1) were a reference to "$10 million". Related corporations
Subject to subsection (4.1), a corporation that is related to another corporation at any time in a taxation year of the corporation that ends in a calendar year may file with the Minister in prescribed form an agreement on behalf of the related group of which the corporation is a member under which an amount not exceeding $50 million is allocated among all corporations that are members of the related group for each taxation year of each such corporation ending in the calendar year and at a time when it was a member of the related group. Allocation by Minister
actionnaires de chacune de ces sociétés remplacées contre des actions de la société survivante par suite de la fusion ou de la combinaison. Anti-évitement (8.3) Le paragraphe (8) ne s’applique pas relativement aux actions, appartenant à un contribuable, du capital-actions d’une société étrangère remplacée qui, à l’occasion d’une fusion étrangère, sont échangées contre des actions du capital-actions de la nouvelle société étrangère ou de la société mère étrangère, ou deviennent de telles actions, si les conditions ci-après sont réunies : a) la nouvelle société étrangère est une société étrangère affiliée du contribuable immédiatement après la fusion étrangère; b) les actions du capital-actions de la nouvelle société étrangère sont, à ce moment, des biens exclus (au sens du paragraphe 95(1)) d’une autre société étrangère affiliée du contribuable; c) la fusion étrangère fait partie d’une opération, d’un événement ou d’une série d’opérations ou d’événements qui comprend une disposition d’actions du capital-actions de la nouvelle société étrangère, ou de biens substitués à ces actions, effectuée au profit : (i) soit d’une personne (autre qu’une société étrangère affiliée du contribuable dans laquelle le contribuable a une participation admissible, au sens de l’alinéa 95(2)m), au moment de l’opération ou de l’événement ou tout au long de la série, selon le cas) avec laquelle le contribuable n’avait aucun lien de dépendance immédiatement après l’opération, l’événement ou la série, (ii) soit d’une société de personnes dont l’un des associés est, immédiatement après l’opération, l’événement ou la série, une personne visée au sous-alinéa (i). Bien canadien imposable — conditions de roulement (8.4) Le paragraphe (8.5) s’applique à un moment donné si les énoncés ci-après se vérifient : a) il se produit à ce moment une fusion étrangère de plusieurs sociétés étrangères remplacées (au sens du paragraphe (8.1), si ce paragraphe s’appliquait non tenu de ces passages «, et autrement que sous le régime de l’attribution de biens à une société lors de la liquidation d’une autre société » et que le paragraphe (8.2) s’appliquait compte non tenu de son passage «, Income Tax PART I Income Tax DIVISION B Computation of Income
Subject to subsection (4.1), the Minister may request a corporation that is related to any other corporation at the end of a taxation year to file with the Minister an agreement referred to in subsection (2) and, if the corporation does not file such an agreement within 30 days after receiving the request, the Minister may allocate an amount among the members of the related group of which the corporation is a member for the taxation year not exceeding $50 million.
(ii) related to each other (determined without reference to paragraph 251(5)(b)); Impôt sur le revenu
The least amount allocated for a taxation year to a member of a related group under an agreement described in subsection 181.5(2) or by the Minister pursuant to subsection 181.5(3) is the capital deduction of that member for that taxation year. (4.1) For the purposes of applying subsection 125(5.1), the definitions unused surtax credit in subsections 181.1(6) and 190.1(5), and subsection 225.1(8), paragraphs (2) to (4) are to be read as if the amount determined under subsection (2) or (3), as the case may be, in respect of the corporation for the taxation year were that proportion of $10 million that the amount otherwise determined in respect of the corporation for the taxation year under that subsection is of $50 million.
Where a corporation (in this subsection referred to as the “first corporation”) has more than one taxation year ending in the same calendar year and is related in 2 or more of those taxation years to another corporation that has a taxation year ending in that calendar year, the capital deduction of the first corporation for each such taxation year at the end of which it is related to the other corporation is an amount equal to its capital deduction for the first such taxation year.
Two corporations that would, but for this subsection, be related to each other by reason only of (a) the control of any corporation by Her Majesty in right of Canada or a province, or are, for the purposes of this section and subsection 181.3(4), deemed not to be related to each other except where, at any time a taxpayer has a right referred to in paragraph 251(5)(b) with respect to shares and it can reasonably be considered that one of the main purposes for the acquisition of the right was to avoid any limitation on the amount of the corporation’s capital deduction for a taxation year, for the purpose of determining whether a corporation is related to any other corporation, the corporations are, for the purposes of this section, deemed to be in the same position in relation to each other as if the right were immediate and absolute and as if the taxpayer had exercised the right at that time. Related corporations that are not associated
For the purposes of subsection 181.3(4) and this section, a Canadian-controlled private corporation and another corporation to which it would, but for this subsection, be related at any time shall be deemed not to be related to each other at that time where the corporations are not associated with each other at that time.
(i) d’une part, résidaient dans le même pays, (ii) d’autre part, étaient liées entre elles (ce lien étant déterminé compte non tenu de l’alinéa 251(5)b)); b) par suite de la fusion étrangère, les faits ci-après s’avèrent : (i) une société étrangère remplacée (« société donnée » au présent paragraphe et au paragraphe (8.5)) dispose d’un bien (appelé « bien visé » au présent paragraphe et au paragraphe (8.5)) à l’égard duquel les énoncés ci-après se vérifient à ce moment : (A) il est un bien canadien imposable (sauf un bien protégé par traité) de la société donnée, (B) il est, selon le cas : (I) une action du capital-actions d’une société, (II) une participation dans une société de personnes, (III) une participation dans une fiducie, (ii) le bien visé devient le bien d’une société qui est une nouvelle société étrangère pour l’application du paragraphe (8.1); c) aucun actionnaire (sauf toute société étrangère remplacée) qui était propriétaire d’actions du capital-actions d’une société étrangère remplacée immédiatement avant la fusion étrangère n’a reçu de contrepartie pour la disposition de ces actions lors de la fusion étrangère, sauf des actions du capital-actions de la nouvelle société étrangère; d) si le bien visé est une action du capital-actions d’une société ou une participation dans une fiducie, la société ou la fiducie n’est, à aucun moment donné dans la période de 24 mois commençant à ce moment, dans le cadre d’une opération ou d’un événement, ou d’une série d’opérations ou d’événements qui comprend la fusion étrangère, assujettie au fait lié à la restriction de pertes; e) la nouvelle société étrangère et la société donnée ont fait un choix conjoint selon le présent alinéa, relativement à la fusion étrangère, et en ont donné un avis qui a été présenté au ministre au plus tard à la date Fusion étrangère — roulement d’un bien canadien imposable (8.5) En cas d’application du présent paragraphe à un moment donné, les règles ci-après s’appliquent : a) si le bien visé est une participation dans une société de personnes : (i) d’une part, la société donnée est réputée ne pas disposer du bien visé (sauf aux fins du paragraphe (8.4)), (ii) d’autre part, la nouvelle société étrangère est réputée, à la fois : (A) avoir acquis le bien visé à un coût égal à celui du bien visé pour la société donnée, (B) être, relativement au bien visé, la même société que la société donnée et une continuation de cette dernière; b) si le bien visé est une action du capital-actions d’une société ou une participation dans une fiducie : (i) le bien visé est réputé avoir fait l’objet d’une disposition à ce moment par la société donnée en faveur de la nouvelle société étrangère visée au sous-alinéa (8.4)b)(ii) pour un produit de disposition égal au prix de base rajusté du bien visé pour la société donnée immédiatement avant ce moment, (ii) le coût du bien visé pour la nouvelle société étrangère être réputé correspondre au montant qui est réputé, par l’effet du sous-alinéa (i), être le produit de disposition du bien visé. Règles qui s’appliquent à certaines unifications
containing an estimate of the tax payable under this Part by it for the year.
Lorsqu’il y a eu unification de plusieurs sociétés canadiennes imposables visant à former une nouvelle société qui était contrôlée, immédiatement après l’unification, par une société canadienne imposable (appelée la « société mère » au présent paragraphe) et lorsque, dès l’unification, des actions du capital-actions de la mère (appelées « actions de la société mère » au présent paragraphe) ont été émises par la société mère à des personnes qui, immédiatement avant l’unification, étaient (a.21) for the purpose of paragraph (4.4)(d) actionnaires d’une société remplacée, les règles suivantes s’appliquent : a) pour l’application de l’alinéa (1)c), du paragraphe (4) et des Règles concernant l’application de l’impôt sur le revenu, toute action de la société mère reçue par un actionnaire d’une société remplacée est réputée être une action du capital-actions de la nouvelle société reçue par l’actionnaire en vertu de l’unification; a.1) pour l’application des paragraphes (4.1) et (4.2), l’action de la société mère qui est émise en faveur d’un actionnaire en contrepartie de la disposition d’une action d’une catégorie du capital-actions d’une société remplacée est réputée être une action d’une catégorie du capital-actions de la nouvelle société, émise en contrepartie de la disposition, par cet actionnaire, d’une action d’une catégorie du capital-actions d’une société remplacée; a.2) pour l’application du paragraphe (4.3), le droit, coté à une bourse de valeurs désignée, qui permet d’acquérir une action d’une catégorie du capital-actions de la société mère est réputé être un droit, ainsi coté, qui permet d’acquérir une action d’une catégorie du capital-actions de la nouvelle société; a.21) pour l’application de l’alinéa (4.4)d : (i) chaque action de la société mère reçue par un actionnaire d’une société remplacée est réputée être une action du capital-actions de la nouvelle société que celle-ci a émise à l’actionnaire au moment de l’unification, (ii) toute obligation de la société mère d’émettre une action d’une catégorie de son capital-actions à une personne dans les circonstances visées au sous-alinéa (4.4)d)(ii) est réputée être une obligation de la nouvelle société d’émettre une action à la personne; a.3) pour l’application du paragraphe (5) relativement à l’unification, la mention de « la nouvelle société » vaut mention de « la société mère »; a.4) pour l’application de l’alinéa c), les actions de la nouvelle société que la société mère acquiert lors de l’unification sont réputées constituer de nouvelles actions; a.5) pour l’application du paragraphe (10) relativement à l’unification : Income Tax PART I Income Tax DIVISION B Computation of Income
“(a) a deduction under section 181.1(4) in respect of any unused surtax credit (within the meaning assigned by subsection 181.1(6)) for a subsequent taxation year.”
exceeds Impôt sur le revenu
[NOTE: Application provisions are not included in the consolidated text: see relevant amending Acts and regulations; 1998, c. 19, s. 199.
Tax on Corporate Distributions
(a) was a public corporation; or (b) was resident in Canada and had a class of shares outstanding that were purchased and sold in the manner in which such shares normally are purchased and sold by any member of the public in the open market.
Where, as a part of a transaction or series of transactions or events, (a) a corporation, or any person with whom the corporation was not dealing at arm’s length, has, at any time, paid an amount, directly or indirectly, to any person as proceeds of disposition of any property, and (b) all or any portion of the amount may reasonably be considered, having regard to all the circumstances, to have been paid as a substitute for dividends that would otherwise have been paid in the normal course by the corporation, the corporation shall, on or before its balance-due day for its taxation year that includes that time, pay tax at 45% of that amount or portion of it, as the case may be.
le passage « la nouvelle société » à l’alinéa (10)b) est remplacé par « la nouvelle société ou la société mère au sens du paragraphe (9) », (ii) le passage « la nouvelle société » aux alinéas (10)c) et f) est remplacé par « la société publique visée à l’alinéa b) »; b) dans le calcul, à un moment donné, du capital versé à l’égard de toute catégorie d’actions donnée du capital-actions de la société mère qui comprenait des actions de la société mère immédiatement après l’unification : (i) il faut déduire la fraction de l’excédent éventuel du capital versé, calculé compte non tenu du présent alinéa, à l’égard de toutes les actions du capital-actions de la société mère immédiatement après l’unification, sur le total des montants dont chacun représente le capital versé à l’égard d’une action du capital-actions de la société mère ou d’une société remplacée (exception faite d’une action d’une société remplacée qui appartient à la société mère ou à une autre société remplacée ou d’une action d’une société remplacée qui appartient à un actionnaire autre que la société mère ou une autre société remplacée et qui n’a pas été échangée, à l’unification, contre des actions de la société mère), immédiatement avant l’unification, que représente le rapport entre : (A) d’une part, le capital versé, calculé compte non tenu du présent alinéa, à l’égard de cette catégorie d’actions donnée du capital-actions de la société mère immédiatement après l’unification, (B) d’autre part, le capital versé, calculé compte non tenu du présent alinéa, à l’égard de toutes les actions émises et en circulation des catégories du capital-actions de la société mère qui comprenaient des actions de la société mère immédiatement après l’unification, (ii) il faut ajouter un montant égal au moins élevé des montants suivants : (A) l’excédent éventuel du total visé à la subdivision (I) sur le total visé à la subdivision (II) : (I) le total des montants dont chacun est un montant réputé être, en vertu des paragraphes 84(3), (4) ou (4.1), un dividende sur des actions de la catégorie donnée et à être versé par la société mère avant le moment donné, exceeds (III) le total qui serait déterminé en vertu de la subdivision (I), compte non tenu du sous-alinéa (i), (B) le montant qui doit, en vertu du sous-alinéa (i), être déduit dans le calcul du capital versé à l’égard des actions de la catégorie donnée; c) malgré l’alinéa (4)b), la société mère est réputée avoir acquis les nouvelles actions d’une catégorie donnée du capital-actions de la nouvelle société à un coût égal au total des montants suivants : (i) la somme par ailleurs déterminée en vertu de l’alinéa (4)b) comme étant le coût de telles actions, (ii) dans les cas où la société mère possédait, immédiatement après l’unification, toutes les actions émises du capital-actions de la nouvelle société, la partie : (A) de l’excédent du total visé à la subdivision (I) sur le total visé à la subdivision (II) : (I) l’excédent du total de la somme d’argent d’un bien, pour la nouvelle société, qu’elle possédait immédiatement après l’unification sur le total des sommes dont chacune représente le montant d’une dette de la nouvelle société ou de toute autre obligation de celle-ci de verser une somme d’argent qui était impayée, immédiatement après l’unification, (II) le total des prix de base rajustés, pour la société mère, de toutes les actions du capital-actions de chaque société remplacée sur lesquelles la société mère avait, immédiatement avant l’unification, la propriété effective, désignée par la société mère relativement aux actions de cette catégorie donnée dans sa déclaration de revenu produite en vertu de la présente partie pour son année d’imposition au cours de laquelle l’unification a été opérée, sauf que : (B) le montant ainsi fixé, relativement aux actions d’une catégorie donnée, ne peut en aucun cas dépasser l’excédent éventuel du total de la juste valeur marchande, immédiatement après l’unification, des actions de cette catégorie donnée émises en vertu de l’unification sur le coût de telles actions, pour la société mère, déterminé compte non tenu du présent alinéa, Income Tax PART I Income Tax DIVISION B Computation of Income
Where, as a part of a transaction or series of transactions or events, (a) a share was issued by a corporation as a stock dividend and the amount of the stock dividend was less than the fair market value of the share at the time that it was issued, and (b) the share or any other share of the capital stock of the corporation was purchased, directly or indirectly, by the corporation, or by a person with whom the corporation was not dealing at arm’s length, for an amount in excess of its paid-up capital, that excess shall, for the purposes of subsection 183.1(2), be deemed to have been paid as a substitute for dividends that would otherwise have been paid in the normal course by the corporation.
Where, as a part of a transaction or series of transactions or events, (a) a share of the capital stock of a corporation was purchased, directly or indirectly, by the corporation, or by any person with whom the corporation was not dealing at arm’s length, and (b) any portion of the amount paid for the share may reasonably be considered, having regard to all the circumstances, as consideration for a dividend that had been declared, but not yet paid, on the share, that portion of the amount shall, for the purposes of subsection 183.1(2), be deemed to have been paid as a substitute for dividends that would otherwise have been paid in the normal course by the corporation notwithstanding that the dividend was actually paid thereafter. Indirect payment
Where Vertical amalgamations Impôt sur le revenu
Where, as a part of a transaction or series of transactions or events, a person received a payment from a corporation, or from any person with whom the corporation was not dealing at arm’s length, in consideration, in whole or in part, for any property, the person or any other person as proceeds of disposition of any property, the corporation shall, for the purposes of subsection 183.1(2), be deemed to have paid the amount indirectly to the other person.
Subsection 183.1(2) does not apply if none of the purposes of the transaction or series of transactions or events referred to therein may reasonably be considered, having regard to all the circumstances, to have been to enable shareholders of a corporation who are individuals or non-resident persons to receive an amount, directly or indirectly, as proceeds of disposition of property rather than as a dividend on a share that was of a class that was listed on a stock exchange or that was purchased and sold in the manner in which shares are normally purchased and sold by any member of the public in the open market.
Where this section has been applied in respect of an amount, subsection 110.6(8) does not apply to the capital gain in respect of which the amount formed all or a part of the proceeds of disposition. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 183.1; 2003, c. 15, s. 119.]
Action réputée cotée en bourse
Subsections 150(2) and 150(3), sections 152, 158 and 159, subsections 160.1(1) and 161(1) and 161(11), sections 162 to 167 and Division J of Part I are applicable to this Part with such modifications as the circumstances require. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1987, c. 46, s. 57.
Dans le cas où les conditions suivantes sont réunies : a) une nouvelle société est constituée par suite d’une fusion, b) la nouvelle société est une société publique, c) la nouvelle société émet une action (appelée « nouvelle action » au présent paragraphe) de son capital-actions, d) la nouvelle action est émise en échange d’une action (appelée « ancienne action » au présent paragraphe) du capital-actions d’une société remplacée, e) immédiatement avant la fusion, l’ancienne action était cotée à une bourse désignée, f) la nouvelle action est rachetée, acquise ou annulée par la nouvelle société dans les 60 jours suivant la fusion, la nouvelle action est réputée, pour l’application du paragraphe 116(6), de la définition de placement admissible aux paragraphes 146(1), 146.1(1), 146.3(1) et 146.4(1), à l’article 204 et au paragraphe 207.01(1) et de la définition de bien canadien imposable au paragraphe 248(1), être inscrite à la cote de la bourse jusqu’au premier de ces moments où elle est ainsi rachetée, acquise ou annulée. Fusion verticale
covered entity for a taxation year, means an entity that is a corporation, trust or partnership if at any time in the taxation year (a) equity of the entity is listed on a designated stock exchange; and (b) the entity is (i) a corporation resident in Canada (other than a mutual fund corporation), (ii) a trust that (A) is a real estate investment trust (as defined in subsection 122.1(1)), (B) is a SIFT trust, or (C) would be a SIFT trust (other than a mutual fund trust that has one or more classes of units in continuous distribution) if (I) each reference in paragraph (a) of the definition non-portfolio property in subsection 122.1(1) to “subject entity” were read as “corporation, partnership or trust” and paragraph (c) of that definition were read without reference to the words “in Canada”, (III) paragraph (a) of the definition Canadian real, immovable or resource property in subsection 248(1) were read without reference to the words “situated in Canada”, and (III) the definitions timber resource property in subsection 13(21) and Canadian resource property in subsection 66(15) were read without references to the words “in Canada”, or (iii) a partnership that (A) is a SIFT partnership, or (B) would be a SIFT partnership if (I) each reference in paragraph (a) of the definition non-portfolio property in subsection 122.1(1) to “subject entity” were read as “corporation, partnership or trust” and paragraph (c) of that definition were read without reference to the words “in Canada”, (II) paragraph (a) of the definition Canadian real, immovable or resource property in subsection 248(1) were read without reference to the words “situated in Canada”, and (III) the definitions timber resource property in subsection 13(21) and Canadian resource property in subsection 66(15) were read without references to the words “in Canada”. (entité visée) equity of an entity, means, if the entity is (a) a corporation, a share of the capital stock of the corporation; (b) a trust, an income or capital interest in the trust; and (c) a partnership, an interest as a member of the partnership. (capitaux propres) qualifying issuance means any portion of an issuance that is made (ii) a bond, debenture, note or other security (other than equity) of the covered entity that was issued solely for cash consideration, the terms of which confer on the holder the right to make the exchange, or (iii) any combination of properties described in subparagraph (i) or (ii); (b) to an employee of the covered entity (or an entity related to the covered entity) in the course of the employee’s employment; or (c) to a person or partnership, with which the covered entity deals at arm’s length and is not affiliated, in exchange for property used in the covered entity’s active business. (émission admissible) reorganization transaction means a redemption, acquisition or cancellation of equity by a covered entity that is made (a) on an exchange of equity by a holder for consideration that includes equity (other than substantive debt) of (ii) another entity that is related to the covered entity immediately before the exchange and is a covered entity immediately after the exchange, or (iii) another covered entity that controls the covered entity (or an amalgamated successor entity of the covered entity) immediately after the exchange; (b) on an amalgamation of the covered entity with one or more other predecessor corporations to which subsection 87(1) applies if a holder of that equity, immediately before the amalgamation, receives consideration that includes equity (other than substantive debt) of the new corporation (within the meaning of subsection 87(1)) for the disposition of their equity on the amalgamation; (b.1) on an amalgamation (as defined in subsection 87(1)) to which subsection 87(11) applies; (c) on a winding-up of the covered entity during which all or substantially all of the property owned by the covered entity is distributed to the equity holders of the covered entity; (e) on a qualifying disposition (as defined in subsection 107.4(1)); (f) on a qualifying exchange (as defined in subsection 132.2(1)); (g) at the demand of a holder in accordance with the conditions referred to in paragraph 108(2)(a), included in the issued units of the trust, for an amount that does not exceed the fair market value of the equity at the time of the redemption, acquisition or cancellation; or specified affiliate at any time, of a covered entity, means a corporation, trust or partnership (in this definition referred to as an “affiliate”) where, at that time, (a) if the affiliate is a corporation, the covered entity (i) controls the corporation, or (ii) has a direct or indirect interest in the equity of the corporation having a fair market value equal to more than 50% of the fair market value of the total equity of the corporation; (b) if the affiliate is a trust, the covered entity (i) is a majority-interest beneficiary (as defined in subsection 251.1(3)) of the trust, or (ii) has a direct or indirect interest in the equity of the trust having a fair market value equal to more than 50% of the fair market value of the total equity of the trust; and (c) if the affiliate is a partnership, the covered entity (i) is a majority-interest partner of the partnership, or (ii) has a direct or indirect interest in the equity of the partnership having a fair market value equal to more than 50% of the fair market value of the total equity of the partnership. (entité affiliée déterminée) substantive debt of a covered entity means equity that, in accordance with its terms (a) is not convertible or exchangeable other than for (i) equity that if issued would be substantive debt of the same covered entity, (ii) a bond, debenture or note of the covered entity, the fair market value of which does not exceed the total of the amounts referred to in subparagraphs (d)(i) to (iv), or (iii) equity that would be issued only after the occurrence of a trigger event pursuant to a non-viability contingent capital provision included in the terms of the equity to satisfy regulatory capital requirements applicable to the covered entity; (b) is non-voting in respect of the election of the board of directors, the trustees or the general partner (as applicable) of the covered entity, except in the event of a failure or default under the terms or conditions of the equity; (c) requires the amount of any dividend or other distribution payable to be calculated (i) as a fixed amount, or (ii) by reference to a percentage of an amount equal to the fair market value of the consideration for which the equity was issued if the percentage is (B) determined by reference to a market interest rate (including a Government of Canada Treasury Bill) plus a fixed amount, if any; and (d) entitles any holder of the equity to receive, on the redemption, cancellation or acquisition of the equity by the covered entity or by a person or partnership with whom the covered entity does not deal at arm’s length or is affiliated, an amount that does not exceed the total of the following amounts: (i) the fair market value of the consideration for which the equity was issued, (ii) any unpaid distributions or dividends on the equity that are payable to the holder, (iii) any premium that is payable to the holder solely due to the early redemption, cancellation or acquisition of the equity, and (iv) any other amount in respect of an amount described in subparagraphs (i) to (iii) that is attributable to an increase in the value of a currency other than Canadian currency relative to Canadian currency. (dette substantielle)
En cas de fusion d’une société (appelée « société mère » au présent paragraphe) et d’une ou plusieurs de ses filiales à cent pour cent, les présomptions suivantes s’appliquent : a) la société mère est réputée avoir disposé des actions de chaque filiale immédiatement avant la fusion pour un produit égal à celui qui serait déterminé selon l’alinéa 88(1)b) si les paragraphes 88(1) et (1.7) s’appliquaient, avec les adaptations nécessaires, à la fusion; b) le coût, pour la société mère issue de la fusion, de chaque immobilisation de chaque filiale acquise lors de la fusion est réputé égal au montant qui aurait représenté le coût de l’immobilisation pour la société mère si l’immobilisation lui avait été distribuée au moment de la fusion. Income Tax PART I Income Tax DIVISION D Computation of Income
Each person or partnership that is a covered entity for a taxation year shall pay a tax for the taxation year equal to the amount determined by the formula A is the total fair market value of equity (other than substantive debt) of the covered entity that is redeemed, acquired or cancelled in the taxation year by the covered entity, other than equity that is (a) redeemed, acquired or cancelled in a reorganization transaction, or (b) acquired from a specified affiliate, if that equity was previously deemed by subsection (5) to have been acquired by the covered entity and was previously included in the description of A; (a) if equity of a covered entity (other than substantive debt) is redeemed, acquired or cancelled in the taxation year pursuant to a reorganization transaction described in paragraph (a) or (b) of that definition and any portion of the consideration received by a holder for the equity is not equity consideration described in paragraph (a) or (b) of the definition reorganization transaction, the amount determined by the formula D is the total fair market value of the equity of the covered entity (other than substantive debt) that is redeemed, acquired or cancelled in a reorganization transaction described in this paragraph; and E is the total fair market value of any equity consideration described in paragraph (a) or (b) of the definition reorganization transaction that is received by a holder as consideration for the equity that is redeemed, acquired or cancelled in a reorganization transaction described in this paragraph; and (b) in any other case, nil; and C is the total fair market value of equity (other than substantive debt) of the covered entity that is (a) issued in a qualifying issuance in the taxation year, or (b) disposed of in the taxation year by a specified affiliate of the covered entity (except a disposition to the covered entity or another specified affiliate of the covered entity), if that equity was previously deemed by subsection (5) to have been acquired by the covered entity and was previously included in the description of A. Tax payable — anti-avoidance
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 87; 1994, c. 7, Sch. VIII, s. 38; 1995, c. 21, s. 53, c. 25, s. 50; 1996, c. 21, s. 53, c. 24, s. 54; 1998, c. 19, s. 43; 2001, c. 17, s. 86; 2002, c. 19, s. 20; c. 9, s. 16; 2007, c. 35, s. 64; 2009, c. 2, s. 45; 2010, c. 25, s. 48; 2012, c. 19, s. 20; 2013, c. 34, s. 396; 2016, c. 7, s. 15; 2022, c. 19, s. 17; 2024, c. 17, s. 80. Winding-up (ii) [Repealed, 1994, c. 7, Sch. VIII, s. 38] Impôt sur le revenu
Equity that is redeemed, acquired or cancelled, or that is issued by a covered entity, as part of a transaction (as defined in subsection 245(1)) or series of transactions shall be included in the description of A or B or excluded from the description of C in subsection (2) (as the case may be) if it is reasonable to consider that the primary purpose of the transaction or series is to cause a decrease in the amount referred to in the description of A or B in that subsection or an increase in the amount referred to in the description of C in that subsection.
Despite subsection (2), if the total of the amounts determined for A and B in subsection (2) for a taxation year is less than $1,000,000 (prorated based upon the number of days in the taxation year if the taxation year is less than 365 days), no tax is payable under this Part for the taxation year.
For the purposes of subsection (2), if a specified affiliate of a covered entity acquires equity of the covered entity, the equity is deemed to be acquired by the covered entity unless the specified affiliate is (a) a registered securities dealer that (i) acquires the equity in the capacity of an agent in the ordinary course of business, and (ii) disposes of the equity, other than to the covered entity or another specified affiliate of the covered entity, within a reasonable period of time that is consistent with the holding of equity in the ordinary course of business; (b) a trust established for the benefit of employees and former employees of the covered entity (or of a specified affiliate of the covered entity) that satisfies the following conditions (i) the trust is an employee benefit plan, and (ii) the terms of the trust provide that any equity of the covered entity acquired or held by the trust cannot be transferred to, or otherwise be available for the benefit of, the covered entity or any specified affiliate of the covered entity; (c) a trust governed by an employees profit sharing plan; or
If it is reasonable to consider that one of the main purposes of a transaction (as defined in subsection 245(1)) or series of transactions is to cause a person or partnership to acquire equity of a covered entity to avoid the tax otherwise payable under this Part, the person or partnership shall be deemed to be a specified affiliate of the covered entity from the time that the transaction or series commenced until immediately after the time the transaction or series ends. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.]; 2024, c. 15, s. 53; 2024, c. 17, s. 80.
fusion et lors d’une liquidation de la filiale à laquelle se sont appliqués les paragraphes 88(1) et (1.7). [NOTE : Les dispositions d’application ne sont pas incluses dans le présent texte consolidé; voir les lois modificatives appropriées.] L.R. (1985), ch. 1 (5e suppl.), art. 87; 1994, ch. 7, ann. VIII, art. 38; 1995, ch. 21, art. 53, ch. 25, art. 50; 1996, ch. 21, art. 53, ch. 24, art. 54; 1998, ch. 19, art. 43; 2001, ch. 17, art. 86; 2002, ch. 19, art. 20; ch. 9, art. 16; 2007, ch. 35, art. 64; 2009, ch. 2, art. 45; 2010, ch. 25, art. 48; 2012, ch. 19, art. 20; 2013, ch. 34, art. 396; 2016, ch. 7, art. 15; 2022, ch. 19, art. 17; 2024, ch. 17, art. 80. Liquidation 88 (1) Lorsqu’une société canadienne imposable (appelée « filiale » au présent paragraphe) a été liquidée après le 6 mai 1974, que moins de 90 % des actions émises de chaque catégorie de son capital-actions appartenaient, immédiatement avant la liquidation, à une autre société canadienne imposable (appelée « société mère » au présent paragraphe) et que toutes les actions de la filiale qui n’appartenaient pas à la société mère immédiatement avant la liquidation appartenaient alors à des personnes avec lesquelles la société mère avait un lien de dépendance, les règles suivantes s’appliquent malgré les autres dispositions de la présente loi, exception faite du paragraphe 69(11) : a) sous réserve des alinéas a.1) et a.3), tout bien de la filiale, à l’exception d’une participation dans une société de personnes, attribué à la société mère lors de la liquidation est réputé avoir fait l’objet d’une disposition par la filiale pour un produit égal : (i) à zéro, dans le cas d’un avoir minier canadien, d’un avoir minier étranger ou d’un droit aux produits, au sens du paragraphe 18.1(1), auquel se rapporte une dépense à rattacher, au sens de ce paragraphe, (ii) [Abrogé, 1994, ch. 7, ann. VIII, art. 38] (iii) au coût indiqué pour la filiale, immédiatement avant la liquidation, dans le cas de tout autre bien; a.1) tout bien de la filiale attribué à la société mère lors de la liquidation est réputé, pour l’application des alinéas (2.1)b) ou e), ne pas avoir fait l’objet d’une disposition; Income Tax PART I Income Tax DIVISION B Computation of Income
(a) if the entity is a corporation, on or before the day it is required to file its return of income under Part I for the year, the corporation shall file with the Minister a return for the year under this Part in prescribed form; (b) if the entity is a trust, within 90 days after the end of the taxation year, the trustee of the trust shall file with the Minister a return for the year under this Part in prescribed form; and (c) if the entity is a partnership, a member of the partnership that has authority to act for the partnership shall file with the Minister a return for the year under this Part in prescribed form on or before the earlier of (i) the day that is five months after the end of the taxation year, and (ii) March 31 in the calendar year immediately following the calendar year in which the taxation year ended.
(a.3) where exceeds Impôt sur le revenu
Every covered entity that is liable to pay tax under this Part for a taxation year, shall (a) if the entity is a corporation or trust, pay its tax payable under this Part for the year to the Receiver General on or before its balance-due day for the year; and (b) if the entity is a partnership, pay its tax payable under this Part for the year to the Receiver General on or before the day which the partnership is required to file a return for the year under paragraph (1)(c).
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2024, c. 15, s. 53. Additional Tax on Excessive Elections Tax on excessive elections
Election to treat excess as separate dividend
If, in respect of an original dividend payable at a particular time, a corporation would, but for this subsection, be required to pay a tax under this Part in respect of an excess referred to in subsection (2), and the corporation elects in prescribed manner on or before the day that is 90 days after the day of sending of the notice of assessment in respect of the tax that would otherwise be payable under this Part, the following rules apply: (a) the portion of the original dividend deemed by subsection 83(2), 130.1(4) or 131(1) to be a capital dividend or capital gains dividend, as the case may be, is deemed for the purposes of this Act to be the amount of a separate dividend that became payable at the particular time; (b) if the corporation identifies in its election any part of the excess, that part is, for the purposes of any election under subsection 83(2), 130.1(4) or 131(1) in respect of that part, and where the corporation has so elected, for all purposes of this Act, deemed to be the amount of a separate dividend that became payable immediately after the particular time; (c) the portion of the excess not identified as described in paragraph (b) is deemed for the purposes of this Act to be a separate dividend that became payable immediately after the particular time. (c) the amount by which the excess exceeds any portion deemed by paragraph (b) to be a separate dividend for all purposes of this Act is deemed to be a separate taxable dividend that became payable at the particular time; and (d) each person who held any of the issued shares of the class of shares of the capital stock of the corporation in respect of which the original dividend was paid is deemed (i) not to have received any portion of the original dividend, and (ii) to have received, at the time that any separate dividend determined under any of paragraphs (a) to (c) became payable, the proportion of that dividend that the number of shares of that class held by the person at the particular time is of the number of shares of that class outstanding at the particular time except that, for the purpose of Part XIII, the separate dividend is deemed to be paid on the day that the election in respect of this subsection is made. Concurrence with election
a.2) toute participation de la filiale dans une société de personnes, attribuée à la société mère lors de la liquidation, est réputée, sauf pour l’application de l’alinéa 69(1)a), ne pas avoir fait l’objet d’une disposition par la filiale; a.3) chaque titre de créance déterminé de la filiale, à l’exception d’un bien évalué à la valeur du marché, attribué à la société mère lors de la liquidation est réputé, sauf pour l’application du paragraphe 69(1), ne pas avoir fait l’objet d’une disposition dans le cas où, à la fois : (i) la filiale était une institution financière au cours de son année d’imposition où ses actifs ont été attribués à la société mère lors de la liquidation, (ii) la société mère était une institution financière au cours de son année d’imposition où elle a reçu les actifs de la filiale lors de la liquidation, pour l’application du présent alinéa, bien évalué à la valeur du marché, institution financière et titre de créance déterminé s’entendent au sens du paragraphe 142.2(1); b) les actions de capital-actions de la filiale dont la société mère était propriétaire immédiatement avant la liquidation sont réputées avoir fait l’objet d’une disposition par la société mère lors de la liquidation pour un produit égal au plus élevé des montants suivants : (i) soit le capital versé à l’égard de ces actions, immédiatement avant la liquidation, soit le montant déterminé en vertu du sous-alinéa d)(i), le moins élevé de ces montants étant à retenir, (ii) le total des montants dont chacun se rapporte à une action du capital-actions de la filiale dont la société mère a ainsi disposé lors de la liquidation, égale au prix de base rajusté de l’action, pour la société mère, immédiatement avant la liquidation; c) sous réserve de l’alinéa 87(2)e.3), modifié par l’alinéa e.2), et malgré l’alinéa 87(2)e.1), modifié par l’alinéa e.2), le coût, pour la société mère, de chaque bien de la filiale attribué à la société mère lors de la liquidation est réputé être : (i) le coût du bien pour la société mère, compte tenu du présent alinéa, si le bien est une participation dans une société de personnes, (ii) sinon, l’excédent éventuel du montant visé à la division (A) sur le montant visé à la division (B): (iii) depreciable property, (A) le montant qui, sans le paragraphe 69(11), serait réputé en application de l’alinéa a) être le produit de disposition du bien, (B) le montant qui, par l’effet de l’article 80, est appliqué en réduction du coût indiqué du bien pour la filiale lors de la liquidation, plus le montant déterminé selon l’alinéa d) relativement à ce bien, s’il était une immobilisation, autre qu’un bien non admissible, de la filiale au moment où la société mère a acquis pour la dernière fois le contrôle de la filiale et, si ce bien a été possédé sans interruption jusqu’au moment où il a été attribué à la société mère lors de la liquidation, et, pour l’application du présent alinéa, les biens suivants sont des biens non admissibles : (iii) les biens amortissables, (iv) le bien transféré à la société mère lors de la liquidation, dans le cas où le transfert fait partie d’une distribution, au sens du paragraphe 55(1), effectuée lors d’une réorganisation dans le cadre de laquelle un dividende — auquel le paragraphe 55(2) aurait autrement été applicable n’eût été l’alinéa 55(3)b) — a été reçu, (v) le bien acquis par la filiale de la société mère ou d’une personne ou société de personnes qui avait un lien de dépendance avec la société mère autrement qu’à cause d’un droit visé à l’alinéa 251(5)b), ou tout autre bien acquis par la filiale en remplacement de ce bien, dans le cas où l’acquisition faisait partie d’une série d’opérations ou d’événements dans le cadre de laquelle la société mère a acquis le contrôle de la filiale pour la dernière fois, (vi) le bien distribué à la société mère lors de la liquidation si, dans le cadre de la série d’opérations ou d’événements qui comprend la liquidation, les conditions suivantes sont réunies : (A) la société mère a acquis le contrôle de la filiale, (B) un bien distribué à la société mère lors de la liquidation, ou un bien de remplacement acquis par une personne, est, selon le cas : (I) par une personne, sauf une personne exclue au sens du sous-alinéa c.2)(i), qui était un actionnaire déterminé de la filiale au cours de la série et avant le moment où la société mère a acquis pour la dernière fois le contrôle de la filiale, (III) a corporation (other than a specified person or the subsidiary) (c.1) [Repealed, 2016, c. 12, s. 28] (i) specified person, at any time, means (A) the parent, (III) par deux personnes ou plus, sauf des personnes exclues au sens du sous-alinéa c.2)(i), dans le cas où une personne donnée aurait été un actionnaire déterminé de la filiale à un moment au cours de la série et avant que la société mère acquière pour la dernière fois le contrôle de la filiale si l’ensemble des actions appartenant alors à des personnes ou plus avaient appartenu à la personne donnée à ce moment; (III) par une société (sauf une personne exclue au sens du sous-alinéa c.2)(i) et la filiale) à l’égard de laquelle l’un des faits suivants se vérifie : 1 une personne visée à la subdivision (I) est un actionnaire déterminé de la société au cours de la série et après le moment où la société mère a acquis pour la dernière fois le contrôle de la filiale, 2 une personne donnée serait un actionnaire déterminé de la société au cours de la série et après le moment où la société mère a acquis pour la dernière fois le contrôle de la filiale si l’ensemble des actions appartenant alors à des personnes visées à la subdivision (II), sauf des personnes exclues au sens du sous-alinéa c.2)(i), et acquises par ces personnes dans le cadre de la série appartenaient à la personne donnée à ce moment;
An election under subsection (3) is valid only if (a) it is made with the concurrence of the corporation and all its shareholders (i) who received or were entitled to receive all or any portion of the original dividend, and (ii) whose addresses were known to the corporation; and (i) it is made on or before the day that is 30 months after the day on which the original dividend became payable, or (ii) each shareholder described in subparagraph (a)(i) concurs with the election, in which case, notwithstanding subsections 152(4) to (5), any assessment of the tax, interest and penalties payable by each of those shareholders for any taxation year shall be made that is necessary to take the corporation’s election into account. Exception for non-taxable shareholders
c.1) [Abrogé, 2016, ch. 12, art. 28]
If each person who, in respect of an election made under subsection (3), is deemed by subsection (3) to have received a dividend at a particular time is also, at the particular time, a person all of whose taxable income is exempt from tax under Part I, (a) subsection (4) does not apply to the election; and (b) the election is valid only if it is made on or before the day that is 30 months after the day on which the original dividend became payable. Assessment of tax
c.2) pour l’application du présent alinéa et du sous-alinéa c)(vi): (i) sont des personnes exclues à un moment donné : (A) la société mère, (B) chaque personne qui serait liée à la société mère à ce moment si, à la fois : (I) la présente loi s’appliquait compte non tenu de l’alinéa 251(5)b), (II) chaque personne qui est l’enfant d’un particulier décédé était liée à chacun des frères ou sœurs de celui-ci ainsi qu’à chacun des enfants des frères ou sœurs décédés du particulier, (iii) in determining whether a person is a specified shareholder of a corporation, (C) si ce moment est antérieur à la constitution de la société mère, chaque personne qui est visée à la division (B) tout au long de la période commençant au moment de la constitution de la société mère et se terminant au moment immédiatement avant le début de la liquidation, (i.1) toute personne visée aux divisions (i)(B) ou (C) est réputée ne pas être une personne exclue s’il est raisonnable de considérer que l’un des principaux motifs d’un ou plusieurs événements ou opérations consiste à faire en sorte qu’elle soit une personne exclue afin qu’un bien attribué à la société mère lors de la liquidation soit un bien non admissible pour l’application de l’alinéa (c), (ii) dans le cas d’une société de personnes ou une fiducie acquiert un bien à un moment donné ou en est alors propriétaire : (A) la société de personnes ou la fiducie est réputée être une personne qui est une société ayant une seule catégorie d’actions émises, lesquelles actions comportent plein droit de vote en toutes circonstances, (B) chaque associé de la société de personnes ou bénéficiaire de la fiducie est réputé être propriétaire, à ce moment, d’un nombre d’actions émises du capital-actions de la société égal au produit de la multiplication du nombre d’actions émises du capital-actions de la société par le rapport entre : (I) d’une part, la juste valeur marchande, à ce moment, de la participation de l’associé dans la société de personnes ou de la participation du bénéficiaire dans la fiducie, (II) d’autre part, la juste valeur marchande, à ce moment, de l’ensemble des participations des associés dans la société de personnes ou des participations des bénéficiaires dans la fiducie, (C) la société est réputée avoir acquis le bien à ce moment ou en être alors propriétaire, (iii) pour déterminer si une personne est un actionnaire déterminé d’une société : (A) le passage « des actions émises d’une catégorie donnée du capital-actions de la société ou de toute autre société qui est liée à celle-ci » à la définition de actionnaire déterminé au paragraphe 248(1) est remplacé par « des actions (B) a corporation is deemed not to be a specified shareholder of itself, and (iii) money, (c.4) For the purposes of subparagraphs 88(1)(c.3)(i) and 88(1)(c.3)(v), a specified property is mais ne comprend pas les biens suivants : (iii) de l’argent, (iv) un bien n’appartenant pas à la personne à un moment postérieur à l’acquisition de contrôle visée à la division c)(iv)(A), (v) un bien visé au sous-alinéa (i), s’il est visé uniquement du fait qu’un bien déterminé visé à l’un des sous-alinéas c.4)(i) à (iv) a été reçu en contrepartie de l’acquisition d’une action du capital-actions de la filiale dans les circonstances visées aux sous-alinéas c.4)(i) à (iv), (vi) une action du capital-actions de la filiale ou une dette dont elle est débitrice, si l’action ou la dette, selon le cas, appartenait à la société mère immédiatement avant la liquidation, (vii) une action du capital-actions d’une société ou une dette dont elle est débitrice, si une partie de la juste valeur marchande de l’action ou de la dette, selon le cas, n’était attribuable, à aucun moment de la liquidation, à un bien distribué à la société mère dans le cadre de la liquidation;
Payment of tax and interest
c.4) pour l’application des sous-alinéas c.3)(i) et (v), est un bien déterminé : (i) une action du capital-actions de la société mère qui, selon le cas : (A) a été reçue en contrepartie de l’acquisition d’une action du capital-actions de la filiale par la société mère ou une société qui était une filiale déterminée de la société mère immédiatement avant l’acquisition, (B) a été émise pour une contrepartie qui ne comprend que de l’argent, (ii) une dette émise, selon le cas : (A) par la société mère en contrepartie de l’acquisition par elle d’une action du capital-actions de la filiale, (B) pour une contrepartie constituée uniquement d’argent, (iii) une action du capital-actions d’une société canadienne imposable qui a été reçue en contrepartie de l’acquisition d’une action du capital-actions de la filiale par la société canadienne imposable ou par la société mère dans le cas où la société mère était une (vi) [Repealed, 2013, c. 40, s. 40] (c.8) for the purpose of clause (c.2)(iii)(A), a specified class of the capital stock of a corporation is a class of shares of the capital stock of the corporation where Income Tax PART I Income Tax DIVISION B Computation of Income
Where an election has been made by a corporation in accordance with subsection 83(2), 130.1(4) or 131(1) and the Minister mails a notice of assessment under this Part in respect of the election, that part of the amount assessed then remaining unpaid and interest thereon at the prescribed rate computed from the day of the election to the day of payment is payable forthwith by the corporation to the Receiver General.
Impôt sur le revenu
Subsections 152(3), 152(4), 152(5), 152(7) and 152(8) and 161(11), sections 163 to 167 and Division J of Part I are applicable to this Part with such modifications as the circumstances require. Joint and several, or solidary, liability from excessive elections
Each person who has received a dividend from a corporation in respect of which the corporation elected under subsection 83(2), 130.1(4) or 131(1) is jointly and severally, or solidarily, liable with the corporation to pay that proportion of the corporation’s tax payable under this Part because of the election that (a) the amount of the dividend received by the person is of (b) the full amount of the dividend in respect of which the election was made, but nothing in this subsection limits the liability of any person under any other provision of this Act. Assessment
The Minister may, at any time after the last day on which a corporation may make an election under subsection 184(3) in respect of a dividend, assess a person in respect of any amount payable under subsection 185(4) in respect of the dividend, and the provisions of Division I of Part I apply, with such modifications as the circumstances require, to an assessment made under this subsection as though it were made under section 152.
If under subsection (4) a corporation and another person have become jointly and severally, or solidarily, liable to pay part or all of the corporation’s tax payable under this Part in respect of a dividend described in that subsection, (a) a payment at any time by the other person on account of the liability shall, to the extent of the payment, discharge their liability after that time; and (b) a payment at any time by the corporation on account of its liability shall discharge the other person’s liability only to the extent of the amount determined by the formula A is the total of (i) the amount of the corporation’s liability, immediately before that time, under this Part in respect of the full amount of the dividend, and (ii) the amount of the payment, B is the amount of the corporation’s liability, immediately before that time, under this Act, C is the amount of the dividend received by the other person, and D is the full amount of the dividend. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.]
(a) 20% of the excessive eligible dividend designation, and (b) if the excessive eligible dividend designation arises because of the application of paragraph (c) of the definition excessive eligible dividend designation in subsection 89(1), 10% of the excessive eligible dividend designation. Election to treat excessive eligible dividend designation as an ordinary dividend
c.7) pour l’application du sous-alinéa e)(iii), sont assimilés à des biens amortissables les droits de tenure à bail dans des biens et les options d’achat visant ces biens;
If, in respect of an excessive eligible dividend designation that is not described in paragraph (1)(b) and that is made by a corporation in respect of an eligible dividend (in this subsection and subsection (3) referred to as the “original dividend”) paid by it at a particular time, the corporation would, if this Act were read without reference to this subsection, be required to pay a tax under subsection (1), and it elects in prescribed manner on or before the day that is 90 days after the day of sending the notice of assessment in respect of that tax that would otherwise be payable under subsection (1), the following rules apply: (a) notwithstanding the definition eligible dividend in subsection 89(1), the amount of the original dividend paid by the corporation is deemed to be the amount, if any, by which (i) the amount of the original dividend, determined without reference to this subsection (ii) the amount claimed by the corporation in the election not exceeding the excessive eligible dividend designation, determined without reference to this subsection; (b) an amount equal to the amount claimed by the corporation in the election is deemed to be a separate taxable dividend (other than an eligible dividend) that was paid by the corporation immediately before the particular time; (c) each shareholder of the corporation who at the particular time held any of the issued shares of the class of shares in respect of which the original dividend was paid is deemed (i) not to have received the original dividend, and (ii) to have received at the particular time (A) as an eligible dividend, the shareholder’s pro rata portion of the amount of any dividend determined under paragraph (a), and (B) as a taxable dividend (other than an eligible dividend) the shareholder’s pro rata portion of the amount of any dividend determined under paragraph (b); and (d) a shareholder’s pro rata portion of a dividend paid at any time on a class of the shares of the capital stock of a corporation is that proportion of the dividend that the number of shares of that class held by the shareholder at that time is of the number of shares of that class outstanding at that time. Concurrence with election
c.8) pour l’application de la division c.2)(iii)(A), est une catégorie exclue du capital-actions d’une société la catégorie d’actions de son capital-actions qui présente les caractéristiques suivantes : (i) le capital versé au titre de la catégorie n’est, à aucun moment, inférieur à la juste valeur marchande de la contrepartie de l’émission des actions de cette catégorie alors en circulation, (ii) les actions ne confèrent pas le droit d’élire les membres du conseil d’administration, sauf en cas d’inexécution des conditions des actions, (iii) ni les conditions des actions ni une convention concernant ces actions ne prévoient que les actions sont convertibles en actions autres que des actions d’une catégorie exclue du capital-actions de la société, ou échangeables contre de telles actions, (iv) ni les conditions des actions ni une convention concernant ces actions ne confèrent au détenteur le droit de recevoir, au rachat, à l’annulation ou à l’acquisition des actions par la société ou par une personne avec laquelle celle-ci a un lien de dépendance, une somme (autre qu’une prime pour rachat anticipé, qui dépasse la somme de la juste valeur marchande de la contrepartie de l’émission des actions et du montant des dividendes impayés sur les actions;
An election under subsection (2) in respect of an original dividend is valid only if (a) it is made with the concurrence of the corporation and all its shareholders (i) who received or were entitled to receive all or any portion of the original dividend, and (ii) whose addresses were known to the corporation; and (i) it is made on or before the day that is 30 months after the day on which the original dividend was paid, or (ii) each shareholder described in subparagraph (a)(i) concurs with the election, in which case, notwithstanding subsections 152(4) to (5), any assessment of the tax, interest and penalties payable by each of those shareholders for any taxation year shall be made that is necessary to take the corporation’s election into account. Exception for non-taxable shareholders
c.9) pour l’application de l’alinéa c.4), la mention d’une action du capital-actions d’une société vaut mention du droit d’acquérir une telle action; d) le montant déterminé selon le présent alinéa relativement à chaque bien de la filiale qui a été attribué à la société mère lors de la liquidation correspond à la partie de l’excédent éventuel du total déterminé selon le sous-alinéa 88(1)b)(ii) sur le total des montants suivants : (i) l’excédent éventuel : (A) du total des sommes dont chacune se rapporte à un bien donné qui appartenait à la filiale, immédiatement avant la liquidation, égale au coût indiqué du bien, pour la filiale, immédiatement avant la liquidation, plus tout argent que la filiale a en sa possession immédiatement avant la liquidation, sur le total des montants suivants : A – (B + C) where (B) les sommes dont chacune représente le montant d’une dette de la filiale ou de toute autre obligation de celle-ci de verser une somme d’argent qui était impayée, immédiatement avant la liquidation, (C) le montant de toute provision (sauf celle visée à l’alinéa 20(1)n) ou aux sous-alinéas 40(1)a)(iii) ou 44(1)e)(iii) de la présente loi ou aux paragraphes 64(1) ou (1.1) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts revisés du Canada de 1952, dans sa version antérieure au 3 novembre 1981) déduite dans le calcul du revenu de la filiale pour une année d’imposition au cours de laquelle ses éléments d’actif ont été attribués à la société mère lors de la liquidation, (i.1) le total des montants dont chacun se rapporte à une action du capital-actions de la filiale dont la société mère a disposé lors de la liquidation ou en vue de la liquidation, égal au total des montants reçus par la société mère ou par une société avec laquelle elle avait un lien de dépendance (autrement qu’à cause du droit visé à l’alinéa 251(5)b) relativement à la filiale), à l’égard de (A) soit de dividendes imposables sur l’action, ou sur toute action (appelée « action remplacée » au présent sous-alinéa) à laquelle a été substituée ou contre laquelle a été échangée l’action ou une action remplacée, dans la mesure où les sommes afférentes à ces dividendes étaient déductibles du revenu du bénéficiaire, en vertu de l’article 112 ou du paragraphe 138(6), pour toute année d’imposition, et n’étaient pas des sommes sur lesquelles le bénéficiaire était tenu de payer de l’impôt aux termes de la partie VII de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts revisés du Canada de 1952, dans sa version applicable au 31 mars 1977, (B) soit de dividendes en capital et dividendes en capital d’assurance-vie, sur l’action ou sur toute action (appelée « action remplacée » au présent sous-alinéa) à laquelle a été substituée ou contre laquelle a été échangée l’action ou une action remplacée, désignée par la société mère relativement à cette immobilisation dans sa déclaration de revenu produite en vertu de la présente partie pour son année d’imposition au cours de laquelle la filiale a été ainsi liquidée, sauf que : A - B where (ii) la somme ainsi désignée, relativement à toute immobilisation semblable, ne peut dépasser la somme obtenue par la formule suivante : A - (B + C) où : A représente la juste valeur marchande de l’immobilisation au moment où la société mère a acquis la dernière fois le contrôle de la filiale, B le coût indiqué de l’immobilisation pour la filiale au moment où la société mère a acquis la dernière fois le contrôle de la filiale, ou, s’il est plus élevé, le coût indiqué de l’immobilisation pour la filiale immédiatement avant la liquidation, C la somme ainsi réglementée, (ii.1) pour le calcul de la somme visée au sous-alinéa (ii) relativement à une participation de la filiale dans une société de personnes, la juste valeur marchande de la participation au moment où la société mère a acquis la dernière fois le contrôle de la filiale est réputée correspondre à la somme obtenue par la formule suivante : A - B où : A représente la juste valeur marchande de la participation à ce moment, déterminée compte non tenu du présent sous-alinéa, B la partie de l’excédent de la juste valeur marchande de la participation à ce moment, déterminée compte non tenu du présent sous-alinéa, sur son coût indiqué à ce moment et qu’il est raisonnable de considérer comme étant attribuable à ce même moment au total des sommes chacune représentée : (A) dans le cas d’un bien amortissable que la société de personnes détient soit directement, soit indirectement par l’intermédiaire d’une ou de plusieurs autres sociétés de personnes, l’excédent de la juste valeur marchande du bien, déterminée compte non tenu des dettes et autres obligations, sur son coût indiqué, (B) dans le cas d’un droit minier canadien ou d’un droit minier étranger que la société de personnes détient soit directement, soit indirectement par l’intermédiaire d’une ou de plusieurs autres sociétés de personnes, la Income Tax PART I Income Tax DIVISION B Computation of Income
If each shareholder who, in respect of an election made under subsection (2), is deemed by subsection (2) to have received a dividend at a particular time is also, at the particular time, a person all of whose taxable income is exempt from tax under Part I, (a) subsection (3) does not apply to the election; and (b) the election is valid only if it is made on or before the day that is 30 months after the day on which the original dividend was paid. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2007, c. 2, s. 5; 2010, c. 25, s. 49.
(e.2) paragraphs 87(2)(c), (d.1), (e.1), (e.3), (e.42), (g) to (l), (l.21) to (u), (x), (z.1), (z.2), (aa), (cc), (ll), (nn), (pp), (rr) and (tt) to (xx), subsection 87(6) and, subject to section 78, subsection 87(7) apply to the winding-up as if the references in those provisions to Impôt sur le revenu
Subsections 150(2) and (3), sections 151, 152, 158 and 159, subsections 161(1) and (11), sections 162 to 167 and Division J of Part I are applicable to this Part with such modifications as the circumstances require. Joint and several liability from excessive eligible dividend designations
Without limiting the liability of any person under any other provision of this Act, if a Canadian-controlled private corporation or a deposit insurance corporation pays an eligible dividend in respect of which it has made an excessive eligible dividend designation to a shareholder with whom it does not deal at arm’s length, the shareholder is jointly and severally, or solidarily, liable with the corporation to pay that proportion of the corporation’s tax payable under this Part because of the designation that the amount of the eligible dividend received by the shareholder is of the total of all amounts each of which is a dividend in respect of which the designation was made. Assessment
The Minister may, at any time after the last day on which a corporation may make an election under subsection 185.1(2) in respect of an excessive eligible dividend designation, assess a person in respect of any amount payable under subsection (3) in respect of the designation, and the provisions of Division I of Part I (including, for greater certainty, the provisions in respect of interest payable) apply, with any modifications that the circumstances require, to an assessment made under this subsection as though it were made under section 152.
auprès d’une personne avec laquelle il n’avait aucun lien de dépendance; e) pour l’application de l’élément A de la formule figurant au sous-alinéa (d)(ii.1), la juste valeur marchande d’une participation dans une société de personnes détenue par la filiale au moment où la société mère a acquis le contrôle de la filiale à l’intérieur est réputée ne pas comprendre la somme qui correspond à tout des sommes représentant chacune la juste valeur marchande d’un bien qui serait incluse par ailleurs dans la juste valeur marchande de la participation si, à la fois : (i) dans le cadre de l’opération, de l’événement ou de la série d’opérations ou d’événements par lesquels le contrôle est acquis la dernière fois par la société mère et au plus tard au moment où le contrôle est acquis, l’un des faits ci-après s’avère : (A) la filiale dispose du bien en faveur de la société de personnes donnée ou d’une autre société de personnes à laquelle le paragraphe 97(2) s’applique à la disposition, (B) dans le cas où le bien est une participation dans une société de personnes, la filiale acquiert la participation dans la société de personnes donnée ou dans une autre société de personnes auprès d’une personne ou d’une société de personnes avec laquelle elle a un lien de dépendance (autrement qu’à cause d’un droit visé à l’alinéa 251(5)b)) et l’article 85 s’applique relativement à l’acquisition de la participation, (ii) au moment où le contrôle est acquis, la société de personnes donnée détient soit directement, soit indirectement par l’intermédiaire d’une ou de plusieurs autres sociétés de personnes, un bien visé aux divisions (A) à (C) de l’élément B de la formule figurant au sous-alinéa (d)(ii.1); e.1) la filiale peut, pour le calcul de son revenu pour son année d’imposition au cours de laquelle ses biens ont été transférés à la société mère, et ses obligations assumées par celle-ci, à la liquidation, déduire une provision qu’elle aurait pu déduire en application de la présente partie si ses biens n’avaient pas été transférés à la société mère, ni ses obligations assumées par celle-ci, à la liquidation; malgré les autres dispositions de la présente partie, aucune somme n’est à inclure, au titre d’une provision ainsi déduite, dans le calcul du revenu de la filiale pour son année d’imposition qui suit celle où ses biens ont été transférés à la société mère ou ses obligations assumées par celle-ci; (xi) and (xii) [Repealed, 1994, c. 7, Sch. II, s. 66] (xiv) and (xv) [Repealed, 1998, c. 19, s. 118] e.2) les alinéas 87(2)c), d.1), e.1), e.3), e.42), g) à l), l.21) à u), x), z.1), z.2), aa), ac), ll), nn), pp), rr) et tt) à xx), le paragraphe 87(8), sous réserve de l’article 78, le paragraphe 87(7) s’appliquent à la liquidation, avec les modifications suivantes : (i) « fusion » devient « liquidation », (ii) « société remplacée » devient « filiale », (iii) « nouvelle société » devient « société mère », (iv) « sa première année d’imposition » devient « l’année d’imposition au cours de laquelle a eu lieu l’actif de la filiale a été attribué », (v) « sa dernière année d’imposition » devient « l’année d’imposition au cours de laquelle sont ont été attribués à la société mère lors de la liquidation », (vi) « gain d’une société remplacée » devient « gain de la filiale », (vii) « revenu de la société remplacée » devient « revenu de la filiale », (viii) « revenu de la nouvelle société » devient « revenu de la société mère », (ix) « paragraphe 89(5) » et « paragraphe 89(9) » deviennent respectivement « paragraphe 89(6) » et « paragraphe 89(10) », (x) « une société privée remplacée » devient « la filiale (si elle était une société privée au moment de la liquidation) », (xi) et (xii) [Abrogés, 1994, ch. 7, ann. II, art. 66] (xiii) et (xiv) [Abrogés, 1998, ch. 19, art. 118] (xvi) « le compte de dividendes en capital d’assurance-vie de toute société remplacée immédiatement avant la fusion » devient « le compte de dividendes en capital d’assurance-vie de la filiale au moment de sa liquidation », (xvii) « impôt de la partie VII en main remboursable de la société remplacée » devient « impôt de la partie VII en main remboursable de la filiale », (xviii) « remboursement de la partie VII de la société remplacée » devient « remboursement de la partie VII de la filiale », (ii) there shall be added to the amounts otherwise determined for the purposes of paragraphs (f) to (k) of the definition investment tax credit in subsection 127(9) in respect of the parent for the particular year (xix) « impôt de la partie VIII en main remboursable de la société remplacée » devient « impôt de la partie VIII en main remboursable de la filiale », (xx) « remboursement de la partie VIII de la société remplacée » devient « remboursement de la partie VIII de la filiale », (xxi) « compte compensatoire cumulatif de la société remplacée » devient « compte compensatoire cumulatif de la filiale », e.3) pour le calcul du crédit d’impôt à l’investissement de la société mère à la fin d’une année d’imposition donnée au regard de la société mère, il est tenu compte de ce qui suit : (i) les biens acquis et les dépenses faites par la filiale ainsi que les montants inclus dans le crédit d’impôt à l’investissement de la filiale en vertu de l’alinéa b) de la définition de crédit d’impôt à l’investissement au paragraphe 127(9) au cours d’une année d’imposition — appelée « année de la dépense » — sont réputés avoir été respectivement acquis, faits et inclus par la société mère au cours de l’année d’imposition donnée si cette année correspond à l’année de la dépense de la filiale, (ii) sont ajoutés aux montants calculés par ailleurs pour l’application des alinéas f) à k) de la définition de crédit d’impôt à l’investissement au paragraphe 127(9) à l’égard de la société mère une année donnée : (A) les montants qui auraient été calculés à l’égard de la filiale pour l’application de l’alinéa f) de la définition de crédit d’impôt à l’investissement au paragraphe 127(9) pour l’année d’imposition de cette filiale au cours de laquelle elle a été liquidée, si la mention « une année d’imposition antérieure » à cet alinéa était remplacée par la mention « l’année ou une année d’imposition antérieure », (B) les montants calculés à l’égard de la filiale pour l’application des alinéas g) à k) de la définition de crédit d’impôt à l’investissement au paragraphe 127(9) pour l’année d’imposition de cette filiale au cours de laquelle elle a été liquidée, (C) le montant calculé à l’égard de la filiale pour l’application de l’alinéa j) de la définition de crédit d’impôt à l’investissement au paragraphe 127(9) pour l’année d’imposition de cette filiale (II) the parent’s taxable income for the particular year au cours de laquelle elle a été liquidée; toutefois, pour l’application de la présente division, en cas d’acquisition du contrôle de la filiale par une personne ou un groupe de personnes à un moment antérieur à la fin de l’année d’imposition au cours de laquelle la filiale a été liquidée, peut être ajouté au montant calculé en vertu du sous-alinéa 127(9.1)(d)(i) à l’égard de la filiale l’excédent éventuel du produit du montant qui, sans les paragraphes 127(3) et (5) et les articles 126, 127.2 et 127.3, serait l’impôt payable par la société mère pour l’année donnée en vertu de la présente partie par rapport entre : (I) d’une part, lorsque la filiale exploitait une entreprise donnée dans le cadre de laquelle un bien a été acquis, ou une dépense faite, avant ce moment antérieur, qu’un montant au titre de ce bien ou de cette dépense soit inclus dans le calcul du crédit d’impôt à l’investissement de la filiale pour son année d’imposition au cours de laquelle elle a été liquidée et que la société mère exploitait l’entreprise donnée avant ce moment antérieur, ou que son revenu net provenant de l’entreprise donnée ou provenant d’une autre entreprise dont la presque totalité du revenu provient soit de la vente, la location ou de la mise en valeur de biens semblables aux biens vendus, loués ou mis en valeur par la filiale dans le cadre de l’exploitation de l’entreprise donnée, soit de la prestation de services semblables aux services rendus par la filiale dans ce cadre, avec ce moment antérieur, sur le total des montants déduits par la société mère pour l’année donnée en vertu des alinéas 111(1)a) ou d) au titre d’une perte autre qu’une perte en capital ou d’une perte agricole subie dans le cadre de l’entreprise donnée pour une année d’imposition, (II) d’autre part, le plus élevé de l’excédent calculé à la subdivision (I) et du revenu imposable de la société mère pour l’année donnée, sur le montant calculé en vertu du sous-alinéa 127(9.1)(d)(i) du point de vue de l’autre entreprise, selon le cas, à l’égard de la société mère à la fin de l’année donnée, dans la mesure où il est raisonnable de considérer que les montants calculés à l’égard de la filiale ont (e.5) [Repealed, 1996, c. 21, s. 16] être inclus dans le calcul du crédit d’impôt à l’investissement de la société mère à la fin de l’année donnée à cause du sous-alinéa (i); par ailleurs, pour l’application des définitions de matériel à vocations multiples de première période et matériel à vocations multiples de deuxième période, au paragraphe 127(9), la société mère est réputée être la même société que la filiale et en être la continuation; e.31) pour l’application des articles 127.44, 127.45, 127.48 et 127.49 de la partie XII.7 à la fin d’une année d’imposition donnée se terminant après la liquidation de la filiale, la société mère est réputée être la même société que la filiale, et en être la continuation; e.4) pour le calcul du crédit d’impôt à l’emploi de la société mère à la fin d’une année d’imposition donnée se terminant après la liquidation de la filiale : (i) les crédits à l’emploi de la filiale pour une année d’imposition — appelée « année de crédit » — se terminant après la mortuaire, à cause du paragraphe 127(15) de la Loi de l’impôt sur le revenu, sont réputés être respectivement les crédits à l’emploi de la société mère pour l’année d’imposition de celle-ci au cours de laquelle se termine l’année de crédit de la filiale et les montants à ajouter, à cause de ce paragraphe, dans le calcul du crédit d’impôt à l’emploi de la société mère à la fin de l’année d’imposition de celle-ci au cours de laquelle s’est terminée l’année de crédit de la filiale, (ii) sont ajoutés aux montants calculés par ailleurs selon les alinéas 127(16)c) et d) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, à l’égard de la société mère pour l’année d’imposition donnée les montants qui auraient été calculés selon ces alinéas à l’égard de la filiale pour l’année d’imposition de celle-ci au cours de laquelle elle a été liquidée si la mention « une quelconque des cinq années d’imposition précédentes » dans le sous-alinéa 127(16)c) de cette loi était remplacée par la mention « cette année d’imposition ou une des cinq années d’imposition précédentes », dans la mesure où il est raisonnable de considérer que ces montants déterminés à l’égard de la filiale, rapportent à un crédit à l’emploi ou à un montant à ajouter à cause du paragraphe 127(15) de la même loi, inclus dans le calcul du crédit d’impôt à l’emploi de la société mère à la fin de l’année donnée à cause du sous-alinéa (i); Income Tax PART I Income Tax DIVISION B Computation of Income
If under subsection (3) a corporation and a shareholder have become jointly and severally, or solidarily, liable to pay part or all of the corporation’s tax payable under this Part in respect of an excessive eligible dividend designation described in subsection (3), (a) a payment at any time by the shareholder on account of the liability shall, to the extent of the payment, discharge their liability after that time; and (b) a payment at any time by the corporation on account of its liability shall discharge the shareholder’s liability only to the extent of the amount determined by the formula A is the total of (i) the amount of the corporation’s liability, immediately before that time, under this Part in respect of the designation, and (ii) the amount of the payment, B is the amount of the corporation’s liability, immediately before that time, under this Act, C is the amount of the eligible dividend received by the shareholder, and D the total of all amounts each of which is a dividend in respect of which the designation was made. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2007, c. 2, s. 51.
(e.8) [Repealed, 2019, c. 29, s. 192] Impôt sur le revenu
Tax on Taxable Dividends Received by Private Corporations
(a) 38 1/3% of all assessable dividends received by the particular corporation in the year from corporations other than payer corporations connected with it, and (b) all amounts, each of which is an amount in respect of an assessable dividend received by the particular corporation in the year from a private corporation or a subject corporation that was a payer corporation connected with the particular corporation, equal to that proportion of the payer corporation’s dividend refund (within the meaning assigned by paragraph 129(1)(a)) for its taxation year in which it paid the dividend that (i) the amount of the dividend received by the particular corporation is of (ii) the total of all taxable dividends paid by the payer corporation in its taxation year in which it paid the dividend and at a time when it was a private corporation or a subject corporation (c) such part of the particular corporation’s non-capital loss and farm loss for the year as it claims, and (i) non-capital loss for any of its 20 taxation years immediately preceding or 3 taxation years immediately following the year, and (ii) farm loss for any of its 20 taxation years immediately preceding or 3 taxation years immediately following the year as it claims, not exceeding the portion thereof that would have been deductible under section 111 in computing its taxable income for the year if subparagraph
111(3)(a)(ii) were read without reference to the words “the particular taxation year” and as if the corporation had sufficient income for the year. Reduction where Part IV.1 tax payable (1.1) Notwithstanding subsection 186(1), where an assessable dividend was received by a corporation in a taxation year and was included in an amount in respect of which tax under Part IV.1 was payable by the corporation for the year, the tax otherwise payable under this Part by the corporation for the year shall be reduced (a) where the assessable dividend is described in paragraph 186(1)(a), by 10% of the assessable dividend, and (b) where the assessable dividend is described in paragraph 186(1)(b), by 30% of the amount determined under that paragraph in respect of the assessable dividend. When corporation controlled
For the purposes of this Part, other than for the purpose of determining whether a corporation is a subject corporation, one corporation is controlled by another corporation if more than 50% of its issued share capital (having full voting rights under all circumstances) belongs to the other corporation, to persons with whom the other corporation does not deal at arm’s length, or to the other corporation and persons with whom the other corporation does not deal at arm’s length.
e.5) [Abrogé, 1996, ch. 21, art. 16] e.6) si une filiale a fait un don au cours d’une année d’imposition (appelée « année du don » au présent article), la société mère est réputée, pour ce qui est du calcul du montant qu’elle peut déduire en application de l’article 110.1 pour ses années d’imposition se terminant après la liquidation de la filiale, avoir fait, au cours de chacune de ses années d’imposition qui se sont terminées une année du don, un don égal à l’excédent du total des montants représentant chacun le montant d’un don, s’il s’agit d’un don fait après le 20 décembre 2002, le montant admissible du don, fait par la filiale au cours de l’année du don sur le total des montants déduits par la filiale en application de l’article 110.1 à l’égard de ces dons; e.61) pour l’application de l’article 110.1, la société mère est réputée avoir fait un don qui est réputé par le paragraphe 118.1(13) avoir été fait par la filiale après qu’elle a cessé d’exister; e.7) aux fins suivantes : (i) le calcul du revenu de la société mère en vertu du paragraphe 126(2) pour une année d’imposition qui a commencé après le début de la liquidation, (ii) la détermination de la mesure dans laquelle le paragraphe 126(2.3) s’applique pour réduire le montant de crédit que la société mère peut déduire en vertu de l’alinéa 126(2)a), toute fraction inutilisée du crédit pour impôt étranger (au sens du paragraphe 126(7)) de la filiale relative à un pays pour une année d’imposition donnée (appelée « année d’impôt étranger » au présent article), dans la mesure où elle dépasse le total des montants dont chacun est déduit en vertu de l’alinéa 126(2)a) dans le calcul de l’impôt à payer par la filiale en vertu de la présente partie pour une année d’imposition, est réputée être une fraction inutilisée du crédit pour impôt étranger de la société mère pour son année d’imposition au cours de laquelle l’année d’impôt étranger de la filiale s’est terminée; e.8) [Abrogé, 2019, ch. 29, art. 12] e.9) pour l’application de la définition de société admissible au paragraphe 127.1(2) et du sous-alinéa d)(i) de la définition de date d’exigibilité du solde au paragraphe 248(1) à une société, sauf la filiale : (i) si la société mère est associée à une autre société au cours d’une année d’imposition (appelée « année courante » au présent alinéa) de la société mère (A) le revenu imposable de la société mère pour sa dernière année d’imposition terminée dans l’année civile précédente, calculé avant la prise en compte des conséquences fiscales futures déterminées pour cette dernière année, est réputé égal au total des montants suivants : (I) son revenu imposable pour cette dernière année, calculé avant l’application du présent alinéa à la liquidation ainsi qu’avant la prise en compte des conséquences fiscales futures déterminées pour cette même année, (II) le total des revenus imposables de la filiale, calculés pour ses années d’imposition terminées dans cette année civile précédente, calculés compte non tenu du sous-alinéa (iii) et avant la prise en compte des conséquences fiscales futures déterminées pour ces années, (B) le plafond des affaires de la société mère pour cette dernière année d’imposition est réputé être égal au total des sommes suivantes : (I) son plafond de revenu admissible, calculé avant l’application du présent alinéa à la liquidation, pour cette même année, (II) le total des plafonds de revenu admissible de la filiale, calculés compte non tenu du sous-alinéa (iii), pour ses années d’imposition terminées dans cette année civile précédente, (C) le plafond de revenu admissible de la société mère pour cette dernière année d’imposition est réputé être égal au total des sommes suivantes : (I) son plafond de revenu admissible, calculé avant l’application du présent alinéa à la liquidation, pour cette même année, (II) le total des plafonds de revenu admissible de la filiale, calculés compte non tenu du sous-alinéa (iii), pour ses années d’imposition terminées dans cette année civile précédente, (iii) si la société mère a reçu un actif de la filiale lors de la liquidation avant l’année courante et si le sous-alinéa (i) ne s’applique pas : (A) le revenu imposable de la société mère pour son année d’imposition précédente, calculé avant (i) for the purposes of paragraphs 12(1)(d), (e), (e.1), (i) and (s), subsection 12.5(8), paragraphs 20(1)(l), (l.1), (p) and (ii) and 20(7)(c), subsections 20(22) and 20.4(4), sections 138, 138.1, 140, 142 and 148 and Part XII.3, the parent is deemed to be the same corporation as, and a continuation of, the subsidiary, and Income Tax PART I Income Tax DIVISION B Computation of Income
The definitions in this subsection apply in this Part. assessable dividend means an amount received by a corporation at a time when it is a private corporation or a subject corporation as, on account of, in lieu of payment of or in satisfaction of, a taxable dividend from a corporation, to the extent of the amount in respect of the dividend that is deductible under section 112, paragraph 113(1)(a), (a.1), (b) or (d) or subsection 113(2) in computing the recipient corporation’s taxable income for the year. (dividende imposable déterminé) subject corporation means a corporation (other than a private corporation) resident in Canada and controlled, whether because of a beneficial interest in one or more trusts or otherwise, by or for the benefit of an individual (other than a trust) or a related group of individuals (other than trusts). (société assujettie) Corporations connected with particular corporation
For the purposes of this Part, a payer corporation is connected with a particular corporation at any time in a taxation year (in this subsection referred to as the “particular year”) of the particular corporation if (a) the payer corporation is controlled (otherwise than by virtue of a right referred to in paragraph 251(5)(b)) by the particular corporation at that time; or (b) the particular corporation owned, at that time, (i) more than 10% of the issued share capital (having full voting rights under all circumstances) of the payer corporation, and (ii) shares of the capital stock of the payer corporation having a fair market value of more than 10% of the fair market value of all of the issued shares of the capital stock of the payer corporation. Deemed private corporation
Impôt sur le revenu
A corporation that is at any time in a taxation year a public corporation shall, for the purposes of paragraph 87(2)(aa) and section 129, be deemed to be a private corporation at that time, except that its non-eligible refundable dividend tax on hand (as defined in subsection 129(4)) at the end of the year shall be determined without reference to paragraph (a) of that definition. Partnerships
For the purposes of this Part, (a) all amounts received in a fiscal period by a partnership as, on account or in lieu of payment of, or in satisfaction of, taxable dividends shall be deemed to have been received by each member of the partnership in the member’s fiscal period or taxation year in which the partnership’s fiscal period ends, to the extent of that member’s share thereof; and (b) each member of a partnership shall be deemed to own at any time that proportion of the number of the shares of each class of the capital stock of a corporation that are property of the partnership at that time that the member’s share of all dividends received on those shares by the partnership in its fiscal period that includes that time is of the total of all those dividends.
For greater certainty, where a provision of this Act or the regulations indicates that the term connected has the meaning assigned by subsection 186(4), that meaning
en vertu de l’alinéa a), le produit que la filiale a tiré de la disposition de ce bien, pour l’application des articles 13 et 20 et des dispositions réglementaires prises en vertu de l’alinéa 20(1)a): (i) malgré l’alinéa c), le coût en capital de ce bien, pour la société mère, est réputé être le coût en capital de ce bien, pour la filiale; (ii) la société mère est réputée avoir été autorisée à déduire l’excédent relatif à ce bien, en vertu des dispositions réglementaires prises en application de l’alinéa 20(1)a), dans le calcul du revenu des années d’imposition antérieures à l’acquisition du bien par la société mère; g) si la filiale est une compagnie d’assurance : (i) la société mère est réputée être la même société que la filiale, et en être la continuation, pour l’application des alinéas 12(1)d), e), e.1), et s), du paragraphe 12(8), des alinéas 20(1)l), m), p) et z) et 20(7)c), des paragraphes 20(22) et 20(44), des articles 138, 138.1, 140, 142.5 et de la partie XII.3, (ii) le coût pour les revenus bruts de placements à inclure en application du paragraphe 138(9) dans le revenu de la filiale et de la société mère et des gains et pertes de la filiale et de la société mère résultant de biens utilisés ou détenus par elles pendant l’année dans le cadre de l’exploitation d’une entreprise d’assurance au Canada : (A) la filiale et la société mère sont réputées avoir, outre leur année d’imposition normale, une année d’imposition se terminant immédiatement avant le moment où les biens de la filiale ont été transférés à la société mère, et les obligations de la filiale assumées par la société mère, à la liquidation, (B) pour les années d’imposition de la filiale et de la société mère suivant le moment visé à la division (A), les biens transférés à la société mère, et les obligations assumées par celle-ci, à la liquidation sont réputés transférés ou assumés, selon le cas, le dernier jour de l’année d’imposition se terminant immédiatement avant ce moment et la société mère est réputée être la même société que la filiale et en être la continuation en ce qui concerne ces biens, ces obligations et les entreprises d’assurance exploitées par la filiale; h) pour l’application des paragraphes 112(5.2) et (5.4) et de la définition de bien évalué à la valeur du Income Tax PART I Income Tax DIVISION B Computation of Income
(a) that was, at any time in the year, a bankrupt; or (b) that was, throughout the year, (ii) a corporation licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada the business of offering to the public its services as a trustee, (vi) a non-resident-owned investment corporation, or (vii) a registered securities dealer that was throughout the year a member, or a participating organization, of a designated stock exchange in Canada.
marché au paragraphe 142.2(1), la société mère est réputée, pour ce qui est de chaque bien qui lui est attribué lors de la liquidation, être la même société que la filiale et en être la continuation; ii) pour l’application du paragraphe 142.5(2), l’année d’imposition de la filiale au cours de laquelle ses actifs ont été attribués à la société mère lors de la liquidation est réputée avoir pris fin immédiatement avant l’attribution des actifs; j) pour l’application du paragraphe 10.1(6), l’année d’imposition de la filiale au cours de laquelle un produit dérivé admissible (au sens du paragraphe 10.1(5)) a été distribué à la société mère, ou assumé par elle, lors de la liquidation est réputée s’être terminée immédiatement avant le moment où le produit a été distribué ou assumé. Pertes autres que des pertes en capital, etc. de filiale (1.1) Lorsqu’une société canadienne (appelée « filiale » au présent paragraphe et au paragraphe (1.11)) a été liquidée, qu’au moins 90 % des actions émises de chaque catégorie de capital-actions de la filiale appartenaient immédiatement avant la liquidation à une autre société canadienne (appelée « société mère » au présent paragraphe et au paragraphe (1.11)) et que toutes les actions de la filiale n’appartenant pas à la société mère immédiatement avant la liquidation appartenaient à ce moment à une ou plusieurs personnes avec lesquelles la société mère n’avait aucun lien de dépendance, pour le calcul du revenu imposable de la société mère en vertu de la présente partie et de l’impôt payable par elle en vertu de la partie IV pour toute année d’imposition commençant après le début de la liquidation, la fraction de toute perte autre qu’une perte en capital, d’une perte agricole restreinte, d’une perte agricole ou d’une perte de société en nom collectif subie par la filiale qu’il est raisonnable de considérer comme résultant de l’exploitation d’une entreprise donnée (appelée « entreprise déficitaire de la filiale » au présent paragraphe), de même que toute autre fraction d’une perte autre qu’une perte en capital ou d’une perte comme commanditaire subie par la filiale qu’il est raisonnable de considérer comme dérivant d’une autre source ou de toute autre fraction d’une perte autre qu’une perte en capital subie par la filiale qu’il est raisonnable de considérer comme relative à une demande faite en vertu de l’article 110.5 pour une année d’imposition donnée de la filiale (appelée « année de la perte subie par la filiale » au présent paragraphe), et la fraction d’une dépense d’intérêt et de financement restreinte de la filiale pour une année d’imposition de celle-ci (appelée « année de dépenses de la filiale » au présent paragraphe), qu’il est raisonnable de considérer comme une dépense engagée par elle qu’elle a subie dans l’exploitation d’une entreprise Income Tax PART I Income Tax DIVISION B Computation of Income
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1987, c. 46, s. 59.
shall, for the purposes of this subsection, paragraphs 111(1)(a), (a.1), (c), (d) and (e), subsection 111(3) and Part IV, Impôt sur le revenu
Where a corporation is liable to pay tax under this Part and has failed to pay all or any part thereof on or before the day on or before which the tax was required to be paid, it shall pay to the Receiver General interest at the prescribed rate on the amount that it failed to pay computed from the day on or before which the tax was required to be paid to the day of payment.
Sections 151, 152, 158 and 159, subsections 161(7) and 161(11), sections 162 to 167 and Division J of Part I are applicable to this Part with such modifications as the circumstances require. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] Taxes on Dividends on Certain Preferred Shares Received by Corporations Definition of excepted dividend
(a) received by a corporation on a share of the capital stock of a foreign affiliate of the corporation, other than a dividend received by a specified financial institution on a share acquired in the ordinary course of the business carried on by the institution; (b) received by a corporation from another corporation (other than a corporation described in any of paragraphs (a) to (f) of the definition financial intermediary corporation in subsection 191(1)) in which it has or would have, if the other corporation were a taxable Canadian corporation, a substantial interest (as determined under section 191) at the time the dividend was paid; (c) received by a corporation that was, at the time the dividend was received, a private corporation or a financial intermediary corporation (within the meaning assigned by subsection 191(1)); (d) received by a corporation on a short-term preferred share of the capital stock of a taxable Canadian corporation other than a dividend described in paragraph (b) or (c) of the definition excluded dividend in subsection 191(1); or (e) received by a corporation on a share (other than a taxable RFI share or a share that would be a taxable preferred share if the definition taxable preferred share in subsection 248(1) were read without reference to paragraph (a) of that definition) of the capital stock of a mutual fund corporation. Tax on dividends on taxable preferred shares
donnée (appelée « entreprise de dépenses de la filiale » au présent paragraphe) et toute autre fraction d’une dépense d’intérêts et de financement restreinte de la filiale qu’il est raisonnable de considérer comme engagée relativement à une autre source, dans la mesure où la fraction : a) n’a pas été déduite dans le calcul du revenu imposable de la filiale pour une année d’imposition de celle-ci; b) aurait été déductible dans le calcul du revenu imposable de la filiale pour une année d’imposition qui commence après le début de la liquidation, à supposer qu’elle ait eu une telle année d’imposition et un montant suffisant de revenu pour cette année, est, pour l’application du présent paragraphe, des alinéas 111(1)(a), a.1), c), d) et e), du paragraphe 111(3) et de la partie IV : c) dans le cas de la fraction d’une perte autre qu’en perte en capital, d’une perte agricole restreinte, d’une perte agricole ou d’une perte comme commanditaire subie par la filiale qu’il est raisonnable de considérer comme résultant de l’exploitation par la filiale de l’entreprise déficitaire de la filiale, réputée, pour l’année d’imposition de la société mère dans laquelle s’est terminée l’année de la perte subie par la filiale, une perte autre qu’en perte en capital ou une perte agricole restreinte, une perte agricole ou une perte comme commanditaire subie par la société mère et résultant de l’exploitation par la société mère de la même entreprise déficitaire, perte qui n’était pas déductible par la société mère dans le calcul de son revenu imposable pour toute année d’imposition qui a commencé avant le début de la liquidation; d) dans le cas d’une autre fraction d’une perte autre qu’en perte en capital ou d’une perte comme commanditaire subie par la filiale qu’il est raisonnable de considérer comme dérivant d’une autre source, réputée, pour l’année d’imposition de la société mère dans laquelle s’est terminée l’année de la perte subie par la filiale, une perte autre qu’en perte en capital ou une perte comme commanditaire subie par la société mère qui dérivait de la même source que la fraction de la perte subie par la filiale et qui n’était pas déductible par la société mère dans le calcul de son revenu imposable pour toute année d’imposition qui a commencé avant le début de la liquidation;
Tax on dividends on taxable RFI shares
d.1) dans le cas d’une fraction d’une perte autre qu’une perte en capital subie par la filiale qu’il est raisonnable de considérer comme relative à une demande faite en vertu de l’article 110.5, réputée, pour l’année d’imposition de la société mère au cours de laquelle s’est terminée l’année de la perte subie par la filiale, être une perte autre qu’une perte en capital subie par la société mère et relative à une demande faite en vertu de l’article 110.5, laquelle perte n’était pas déductible par la société d’imposition qui a commencé avant le début de la liquidation;
Time of acquisition of share (a) a share of the capital stock of a corporation acquired by a person after 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 pursuant to an agreement in writing entered into before that time shall be deemed to have been acquired by that person before that time; (b) a share of the capital stock of a corporation acquired by a person after 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 and before 1988 as part of a distribution to the public made in accordance with the terms of a prospectus, preliminary prospectus, registration statement, offering memorandum or notice filed before 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 with a public authority pursuant to and in accordance with the securities legislation of the jurisdiction in which the shares are distributed shall be deemed to have been acquired by that person before that time; (c) a share (in this paragraph referred to as the “new share”) of the capital stock of a corporation that is acquired by a person after 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 in exchange for (i) a share of a corporation that was issued before 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 or is a grandfathered share, or (ii) a debt obligation of a corporation that was issued before 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987, or issued after that time pursuant to an agreement in writing entered into before that time, where the right to the exchange for the new share and all or substantially all the terms and conditions of the new share were established in writing before that time shall be deemed to have been acquired by that person before that time; (d) a share of a class of the capital stock of a Canadian corporation listed on a designated stock exchange in Canada that is acquired by a person after 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 on the exercise of a right (i) that was issued before that time and listed on a prescribed stock exchange in Canada, and (ii) the terms of which at that time included the right to acquire the share, where all or substantially all the terms and conditions of the share were established in writing before that time shall be deemed to have been acquired by that person before that time; (e) where a share that was owned by a particular restricted financial institution at 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 has, by one or more transactions between related restricted financial institutions, been transferred to another restricted financial institution, the share shall be deemed to have been acquired by the other restricted financial institution before that time unless at any particular time after 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 and before the share was transferred to the other restricted financial institution the share was owned by a shareholder who, at that particular time, was a person other than a restricted financial institution related to the other restricted financial institution; and (f) where, at any particular time, there has been an amalgamation within the meaning assigned by section 87, and (i) each of the predecessor corporations was a restricted financial institution throughout the period from 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 to the particular time and the predecessor corporations were related to each other throughout that period, or (ii) each of the predecessor corporations and the new corporation is a corporation described in any of paragraphs (a) to (d) of the definition restricted financial institution in subsection 248(1), a taxable RFI share acquired by the new corporation from a predecessor corporation on the amalgamation shall be deemed to have been acquired by the new corporation at the time it was acquired by the predecessor corporation. Partnerships
d.2) dans le cas de la fraction d’une dépense d’intérêts et de financement restreinte de la filiale qu’il est raisonnable de considérer comme engagée dans l’exploitation de l’entreprise de dépenses de celle-ci, réputée être, pour l’année d’imposition de la société mère au cours de laquelle s’est terminée l’année de dépenses de la filiale, d’une dépense d’intérêts et de financement restreinte de la société mère provenant de l’exploitation de l’entreprise de dépenses de la filiale qui n’était pas déductible par la société mère dans le calcul de son revenu imposable pour toute année d’imposition qui a commencé avant le début de la liquidation; toutefois : e) en cas d’acquisition du contrôle de la société mère par une personne ou un groupe de personnes après le début de la liquidation, ou en cas d’acquisition du contrôle de la filiale par une personne ou un groupe de personnes à un moment quelconque, aucun montant n’est déductible au titre de la perte autre qu’une perte en capital, de la perte agricole ou de la dépense d’intérêts et de financement restreinte de la filiale pour une année d’imposition se terminant avant le moment de l’acquisition, dans le calcul du revenu imposable de la société mère pour une année d’imposition donnée se terminant après ce moment; toutefois, la fraction de la perte autre qu’une perte en capital ou de la perte agricole de la filiale qu’il est raisonnable de considérer comme résultant de l’exploitation d’une entreprise, ou de la dépense d’intérêts et de financement restreinte qu’il est raisonnable de considérer comme étant la dépense engagée ou la perte subie par la filiale dans l’exploitation d’une entreprise, si la filiale exploitait une entreprise au cours de cette année, la fraction de la perte autre qu’une perte en capital qu’il est raisonnable de considérer comme se rapportant à un montant déductible en application de l’alinéa 110(1)(k) dans le calcul de son revenu imposable pour l’année, sont déductibles : (i) d’une part, seulement si cette entreprise est exploitée par la filiale ou par la société mère à profit ou dans une attente raisonnable de profit tout au long de l’année donnée, (ii) d’autre part, seulement jusqu’à concurrence du total du revenu de la société mère provenant de cette entreprise pour l’année donnée et — dans le cas où des biens sont vendus, loués ou mis en valeur et où des services rendus dans le cadre de l’exploitation de cette entreprise — au moment où le produit de cette entreprise dont la presque totalité du revenu est dérivé de la vente, de la location ou de la mise en valeur de biens semblables ou de la prestation de services semblables; pour l’application du présent alinéa, dans le cas où le présent paragraphe s’applique à la liquidation d’une autre société dont la filiale était la société mère et où le présent alinéa s’appliquait à l’égard des pertes et des dépenses d’intérêts et de financement restreintes de cette autre société, la filiale est réputée être la même société que cette autre société et en être la continuation en ce qui concerne ces pertes et ces dépenses d’intérêts et de financement restreintes; f) la société mère peut faire un choix, dans sa déclaration de revenu produite en vertu de la présente partie pour une année d’imposition donnée commençant après le début de la liquidation, pour que la partie d’une perte de la filiale qui autrement serait réputée, en application des alinéas c), d) ou d.1), être la perte de la société mère pour l’année donnée soit réputée, pour le calcul du revenu imposable de la société mère pour les années d’imposition commençant après le début de la liquidation, être une telle perte de la société mère pour son année d’imposition précédente et non pour l’année donnée; g) toute partie d’une dépense d’intérêts et de financement restreinte de la filiale qui par ailleurs serait réputée, par les alinéas d.2) ou d.3), être une dépense d’intérêts et de financement de la société mère pour une année d’imposition donnée commençant après le début de la liquidation est réputée, aux fins du calcul du revenu imposable de la société mère pour les années d’imposition commençant après le début de la liquidation, être une telle dépense d’intérêts et de financement restreinte de la société mère pour son année d’imposition qui précède l’année donnée et non pour Income Tax PART I Income Tax DIVISION B Computation of Income
(a) all amounts received in a fiscal period by a partnership as, on account or in lieu of payment of, or in satisfaction of, dividends shall be deemed to have been received by each member of the partnership in the member’s fiscal period or taxation year in which the (b) each member of a partnership shall be deemed to own at any time that proportion of the number of the shares of each class of the capital stock of a corporation that are property of the partnership at that time that the member’s share of all dividends received on those shares by the partnership in its fiscal period that includes that time is of the total of all those dividends; and (c) a reference to a person includes a partnership. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1988, c. 55, s. 152.
Cumulative unused excess capacity of subsidiary Net capital losses of subsidiary Impôt sur le revenu
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1988, c. 55, s. 152.
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1988, c. 55, s. 152.
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1998, c. 19, s. 201. Tax and Penalties in Respect of Qualified Donees
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1984, c. 45, s. 57. Deemed year-end on notice of revocation
Capacité excédentaire cumulative inutilisée de la filiale (1.11) Si une filiale a été liquidée dans les circonstances visées au paragraphe (1.1), pour le calcul de la capacité excédentaire cumulative inutilisée de la société mère pour toute année d’imposition de celle-ci commençant après le début de la liquidation, la capacité absorbée, la capacité excédentaire et tout montant de capacité transférée de la filiale pour une année d’imposition donnée sont réputés être une capacité absorbée, une capacité excédentaire et un montant de capacité transférée respectivement de la société mère pour l’année d’imposition de celle-ci dans laquelle l’année d’imposition donnée de la filiale s’est terminée. Revenu imposable rajusté — pertes autres qu’en capital d’une filiale (1.12) Si, selon les alinéas (1.1)c), d) ou d.1), une partie donnée d’une perte autre qu’en capital pour une année d’imposition (appelée « année de perte de la filiale » au présent alinéa) d’une filiale liquidée est réputée être une perte de la société mère pour une année d’imposition (appelée « année de perte de la société mère » au présent alinéa), et la société mère déduit une somme au titre de sa perte autre qu’en capital en application de l’alinéa 111(1)a) dans le calcul de son revenu imposable pour une année d’imposition donnée, pour le calcul de la somme incluse en application de l’alinéa h) de l’élément B de la formule figurant à la définition de revenu imposable rajusté au paragraphe 18.2(1) relativement à la perte autre qu’en capital de la société mère dans le calcul de son revenu imposable rajusté pour l’année donnée, toute somme de la filiale pour l’année de perte de la filiale visée à l’élément W ou X de la formule figurant à la définition de revenu imposable rajusté au paragraphe 18.2(1) et qui se rapporte à la source d’où est tirée la partie donnée (et toute somme réputée par le présent paragraphe être une somme de la filiale pour l’année de perte de la filiale relativement à la source) est réputée être une somme de la société mère relativement à la source pour l’année de perte de la société mère. Pertes en capital nettes d’une filiale (1.2) Lorsque la liquidation d’une société canadienne (appelée « filiale » au présent paragraphe) a débuté après le 31 mars 1977 et qu’au moins 90 % des actions émises de chaque catégorie du capital-actions de la filiale appartenaient, immédiatement avant la liquidation, à une autre société canadienne (appelée « société mère » au présent paragraphe) et que toutes les actions de la filiale qui n’appartenaient pas à la société mère immédiatement avant la liquidation appartenaient à cette date à des personnes avec lesquelles la société mère n’avait pas de lien de dépendance, pour le calcul du revenu imposable de la société mère pour toute année d’imposition commençant après le début de la liquidation, toute perte en capital nette de la filiale pour une année d’imposition donnée de celle-ci (appelée « année de la filiale » au présent paragraphe), dans la mesure où : a) d’une part, elle n’a pas été déduite dans le calcul du revenu imposable de la filiale pour une année d’imposition de celle-ci; b) d’autre part, elle aurait été déductible dans le calcul du revenu imposable de la filiale pour une année d’imposition qui commence après le début de la liquidation, à supposer qu’elle ait eu une telle année d’imposition et un montant suffisant de revenus et de gains en capital imposables pour cette année, est réputée, pour l’application du présent paragraphe, de l’alinéa 111(1)b) et du paragraphe 111(3), être une perte en capital nette de la société mère pour son année d’imposition au cours de laquelle se termine l’année d’imposition donnée de la filiale; toutefois : c) dans le cas où une personne ou un groupe de personnes acquiert le contrôle de la société mère ou de la filiale à un moment donné, aucun montant au titre de la perte en capital nette de la filiale pour une année d’imposition se terminant avant ce moment n’est déductible dans le calcul du revenu imposable de la société mère pour une année d’imposition se terminant après ce moment; d) la société mère peut faire un choix, dans sa déclaration de revenu produite en vertu de la présente partie pour une année d’imposition donnée commençant après le début de la liquidation, pour que la partie d’une perte en capital nette de la filiale qui autrement serait réputée, en application du présent paragraphe, être une perte de la société mère pour l’année donnée soit réputée, pour le calcul du revenu imposable de la société mère des années d’imposition commençant après le début de la liquidation, être une perte en capital nette de la société mère pour son année d’imposition précédente et non pour l’année donnée. Calcul du revenu et de l’impôt à payer de la société mère (1.3) Pour l’application des alinéas (1.3), e.6) et e.7), des paragraphes (1.1) et (1.2), de l’article 110.1, des paragraphes 111(1) et (3) et de la partie IV, lorsqu’une société mère a été constituée après la fin d’une année d’impôt étranger, d’une année de la dépense, d’une année de (d) there shall be added to the total of the amounts otherwise determined in respect of the parent under perte ou d’une année du don d’une de ses filiales, pour le calcul du revenu imposable de la société mère et de son impôt payable en vertu de la présente partie et de la partie IV pour une année d’imposition : a) elle est réputée avoir existé au cours de la période donnée commençant immédiatement avant la fin de la première année de la dépense, année du don, année d’impôt étranger ou année de la perte de la filiale et se terminant immédiatement après qu’elle a été constituée; b) elle est réputée avoir eu, tout au long de la période donnée, des exercices se terminant le jour de l’année où a pris fin son premier exercice; c) elle est réputée avoir été contrôlée, tout au long de la période donnée, par la personne ou le groupe de personnes qui la contrôlait immédiatement après qu’elle a été constituée. Dépenses admissibles d’une filiale (1.4) Pour l’application du présent paragraphe et de l’article 37.1, lorsque les règles du paragraphe (1) s’appliquent à la liquidation d’une filiale, les règles suivantes s’appliquent au calcul du revenu de la société mère pour une année d’imposition commençant après la liquidation de la filiale : a) lorsque la période de base de la société mère comprend moins de 3 années d’imposition, sa période de base est déterminée à supposer qu’elle a eu des années d’imposition dans chacune des années civiles précédant l’année où elle a été constituée et que chacune de ces années a commencé le jour anniversaire de sa constitution; b) les dépenses admissibles faites par la société mère au cours d’une année d’imposition donnée comprise dans sa période de base sont réputées être la somme du montant par ailleurs déterminé et des dépenses admissibles faites par la filiale au cours de son année d’imposition se terminant dans la même année civile que l’année donnée; c) le total des montants versés à la société mère par des personnes visées aux sous-alinéas b)(i) à (iii) de la définition de base de dépenses au paragraphe 37.1(5) au cours d’une année d’imposition donnée comprise dans sa période de base est réputé être le total du montant par ailleurs déterminé et de tels montants versés à la filiale par une personne visée à ces sous-alinéas au cours de l’année d’imposition de la filiale se terminant dans la même année civile que l’année donnée; Income Tax PART I Income Tax DIVISION B Computation of Income
(a) the taxation year of the charity that would otherwise have included that day is deemed to end at the end of that day; (b) a new taxation year of the charity is deemed to begin immediately after that day; and (c) for the purpose of determining the charity’s fiscal period after that day, the charity is deemed not to have established a fiscal period before that day. Revocation tax (1.1) A charity referred to in subsection (1) is liable to a tax, for its taxation year that is deemed to have ended, equal to the amount determined by the formula A is the total of all amounts, each of which is (a) the fair market value of a property of the charity at the end of that taxation year, (b) the amount of an appropriation (within the meaning assigned by subsection (2)) in respect of a property transferred to another person in the 120-day period that ended at the end of that taxation year, or (c) the income of the charity for its winding-up period, including gifts received by the charity in that period from any source and any income that would be computed under section 3 as if that period were a taxation year; and B is the total of all amounts (other than the amount of an expenditure in respect of which a deduction has been made in computing income for the winding-up period under paragraph (c) of the description of A), each of which is (a) a debt of the charity that is outstanding at the end of that taxation year, (b) an expenditure made by the charity during the winding-up period on charitable activities carried on by it, or (c) an amount in respect of a property transferred by the charity during the winding-up period and not later than the latter of one year from the end of the taxation year and the day, if any, referred to in paragraph (1.2)(c), to a person that was at the time of the transfer an eligible donee in respect of the charity, equal to the amount, if any, by which the fair market value of the property, when transferred, exceeds the consideration given by the person for the transfer. (1.2) In this Part, the winding-up period of a charity is the period (a) that begins immediately after the earliest of the days on which (i) the Minister issues a notice of intention to revoke the registration of the charity under any of subsections 149.1(2) to (4.1) and 168(1), (ii) the charity becomes a listed terrorist entity, and (iii) it is determined, under subsection 7(1) of the Charities Registration (Security Information) Act, that a certificate served in respect of the charity under subsection 5(1) of that Act is reasonable on the basis of information and evidence available, and (b) that ends on the day that is the latest of (i) the day, if any, on which the charity files a return under subsection 189(6.1) for the taxation year deemed by subsection (1) to have ended, but not later than the day on which the charity is required to file that return, (ii) the day on which the Minister last issues a notice of assessment of tax payable under subsection (1.1) for that taxation year by the charity, and (iii) if the charity has filed a notice of objection or appeal in respect of that assessment, the day on which the Minister may take a collection action under section 225.1 in respect of that tax payable. (1.3) In this Part, an eligible donee in respect of a particular charity is (i) of which more than 50% of the members of the board of directors or trustees of the registered charity deal at arm’s length with each member of the board of directors or trustees of the particular charity, (ii) that is not the subject of a suspension under subsection 188.2(1), (iii) that has no unpaid liabilities under this Act or under the Excise Tax Act, (iv) that has filed all information returns required by subsection 149.1(14), and (v) that is not the subject of a certificate under subsection 5(1) of the Charities Registration (Security Information) Act or, if it is the subject of such a certificate, the certificate has been determined under subsection 7(1) of that Act not to be reasonable; or (b) a municipality in Canada that is approved by the Minister in respect of a transfer of property from the particular charity. (1.4) In this Part, an eligible donee in respect of a particular Canadian amateur athletic association is a registered Canadian amateur athletic association (a) of which more than 50% of the members of the board of directors or trustees of the registered Canadian amateur athletic association deal at arm’s length with each member of the board of directors or trustees of the particular Canadian amateur athletic association; (b) that is not the subject of a suspension under subsection 188.2(1); (c) that has no unpaid liabilities under this Act or under the Excise Tax Act;
Application of s. 37.1(5) (1.41) The definitions in subsection 37.1(5) apply to subsection 88(1.4). Parent continuation of subsidiary Idem (A × B/C) + D where Impôt sur le revenu
Shared liability — revocation tax
A person who, after the time that is 120 days before the end of the taxation year of a charity that is deemed by subsection (1) to have ended, receives property from the charity, is jointly and severally, or solidarily, liable with the charity for the tax payable under subsection (1.1) by the charity for that taxation year for an amount not exceeding the total of all appropriations, each of which is the amount by which the fair market value of such a property at the time it was so received by the person exceeds the consideration given by the person in respect of the property. Non-application of revocation tax (2.1) Subsections (1) and (1.1) do not apply to a charity in respect of a notice of intention to revoke given under any of subsections 149.1(2) to (4.1) and 168(1) if the Minister abandons the intention and so notifies the charity or if (a) within the one-year period that begins immediately after the taxation year of the charity otherwise determined by subsection (1) to have ended, the Minister has registered the charity as a charitable organization, private foundation or public foundation; and (b) the charity has, before the time that the Minister has so registered the charity, (i) paid all amounts, each of which is an amount for which the charity is liable under this Act (other than subsection (1.1)) or the Excise Tax Act in respect of taxes, penalties, and interest, and (ii) filed all information returns required by or under this Act to be filed on or before that time. Transfer of property tax
Where, as a result of a transaction or series of transactions, property owned by a registered charity that is a charitable foundation and having a value greater than 50% of the net asset amount of the charitable foundation immediately before the transaction or series of transactions, as the case may be, is transferred before the end of a taxation year, directly or indirectly, to one or more charitable organizations and it may reasonably be considered that the main purpose of the transfer is to effect a reduction in the disbursement quota of the foundation, the foundation shall pay a tax under this Part for the year equal to the amount by which 25% of the net value of that property determined as of the day of its transfer exceeds the total of all amounts each of which is its tax payable under this subsection for a preceding taxation year in respect of the transaction or series of transactions. (3.1) Subsection (3) does not apply to a transfer that is a gift to which subsection 188.1(11) or (12) applies. Joint and several, or solidary, liability — tax transfer
If property has been transferred to a charitable organization in circumstances described in subsection (3) and it may reasonably be considered that the organization acted in concert with a charitable foundation for the purpose of reducing the disbursement quota of the foundation, the organization is jointly and severally, or solidarily, liable with the foundation for the tax imposed on the foundation by that subsection in an amount not exceeding the net value of the property.
d) il doit être ajouté au total des montants par ailleurs déterminés à l’égard de la société mère, respectivement en vertu des sous-alinéas 37.1(3)b)(i) et (iii), le total des montants déterminés en vertu de ces sous-alinéas à l’égard de la filiale. Application du par. 37.1(5) (1.41) Les définitions figurant au paragraphe 37.1(5) s’appliquent au paragraphe (1.4). Continuation de la filiale par la société mère (1.5) Pour l’application de l’article 29 des Règles concernant l’application de l’impôt sur le revenu, du paragraphe 59(3.3) et des articles 66, 66.1, 66.2, 66.21, 66.4 et 66.7, lorsque les règles prévues au paragraphe (1) s’appliquent à la liquidation d’une filiale, la société mère est réputée être la même société que la filiale et en être la continuation. Idem (1.6) En cas de liquidation, à laquelle le paragraphe (1) s’applique, d’une société qui exploite une entreprise agricole, qui calcule son revenu tiré de cette entreprise selon la méthode de comptabilité de caisse et qui, immédiatement avant la liquidation de la société, était propriétaire de l’inventaire, qu’elle utilisait dans le cadre de cette entreprise, les présomptions suivantes s’appliquent : a) pour l’application du sous-alinéa (1)a)(iii), le coût indiqué, pour la société immédiatement avant la liquidation, d’un bien qu’elle a acheté et qui est à porter à cet inventaire est réputé égal au montant déterminé selon la formule suivante : (A × B/C) + D où : A représente le montant qui serait inclus en application de l’alinéa 28(1)c) dans le calcul du revenu de la société pour sa dernière année d’imposition commençant avant ce moment si cette année se terminait à ce moment, B la valeur (déterminée en conformité avec le paragraphe 28(1.2)) pour la société à ce moment, des biens à porter à l’inventaire qui sont attribués à la société mère lors de la liquidation, C la valeur, déterminée en conformité avec le paragraphe 28(1.2), de l’ensemble des biens à porter à l’inventaire achetés par la société et dont elle était propriétaire dans le cadre de cette entreprise à ce moment, D le moins élevé des montants suivants : Interpretation Application of subsection (1.9) (1.8) Subsection (1.9) applies if (ii) tout montant supplémentaire désigné par la société relativement au bien, (iii) l’excédent éventuel de la juste valeur marchande du bien à ce moment sur le montant déterminé en application de l’élément A à un titre de bien; b) pour l’application du sous-alinéa 28(1)a)(i), la disposition des biens à porter à l’inventaire et la réception du produit de disposition à leur égard sont réputées s’être produites immédiatement avant la liquidation et dans le cadre de l’exploitation de l’entreprise; c) pour l’application de l’article 28, lorsque la société mère exploite une entreprise agricole et calcule le revenu qu’elle en tire selon la méthode de comptabilité de caisse, les présomptions suivantes s’appliquent : (i) un montant égal au coût, pour la société mère, des biens à porter à l’inventaire est réputé avoir été payé par la société mère au moment où elle a acquis ces biens dans le cadre de l’exploitation de cette entreprise, (ii) la société mère est réputée avoir acheté les biens à porter à l’inventaire pour un montant égal à ce coût au moment où elle a acquis ces biens et dans le cadre de l’exploitation de cette entreprise. Application (1.7) Pour l’application des alinéas (1)c) et (1)d), lorsque la société mère d’une filiale n’a pas de lien de dépendance avec une autre personne (sauf une société dont le contrôle a été acquis par la société mère auprès d’une personne avec laquelle celle-ci n’avait aucun lien de dépendance) avant la liquidation de la filiale, la société mère et l’autre personne sont réputées avoir eu entre elles un lien de dépendance même si elles ne coexistaient pas. Application du paragraphe (1.9) (1.8) Le paragraphe (1.9) s’applique si les conditions ci-après sont réunies : a) une société a fait la désignation prévue à l’alinéa (1)d) (appelée « désignation initiale » au présent paragraphe et au paragraphe (1.9)) relativement à une action du capital-actions d’une de ses sociétés étrangères affiliées, ou relativement à une participation dans une société de personnes qui a, d’après les hypothèses formulées à l’alinéa 96(1)c), une action du capital-actions d’une société étrangère affiliée de la société, au plus tard à la date d’échéance de production de sa déclaration de revenu en application de la présente partie pour l’année d’imposition au cours de Income Tax PART I Income Tax DIVISION B Computation of Income
In this section, net asset amount of a charitable foundation at any time means the amount determined by the formula A is the fair market value at that time of all the property owned by the foundation at that time, and B is the total of all amounts each of which is the amount of a debt owing by or any other obligation of the foundation at that time; (montant de l’actif net) net value of property owned by a charitable foundation, as of the day of its transfer, means the amount determined by the formula A is the fair market value of the property on that day, and B is the amount of any consideration given to the foundation for the transfer. (valeur nette) Penalty — carrying on business
course of a winding-up referred to in subsection (1) or an amalgamation referred to in subsection 87(11); (i) capital dividend account, (iv) pre-1972 capital surplus on hand, Impôt sur le revenu
(a) the person is a registered charity that is a private foundation; (b) the person is a registered charity that is not a private foundation and the business is not a related business in relation to the charity; or (c) the person is a registered Canadian amateur athletic association and the business is not a related business in relation to the association. Increased penalty for subsequent assessment
A person that, less than five years before a particular time, was assessed a liability under subsection (1) or this subsection, for a taxation year, is liable to a penalty under this Part equal to its gross revenue for a subsequent taxation year from any business that, after that assessment and in the subsequent taxation year, it carries on at the particular time if (a) the person is a registered charity that is a private foundation; (b) the person is a registered charity that is not a private foundation and the business is not a related business in relation to the charity; or (c) the person is a registered Canadian amateur athletic association and the business is not a related business in relation to the association. Control of corporation by a charitable foundation
If at a particular time a charitable foundation has acquired control (within the meaning of subsection 149.1(12)) of a particular corporation, the foundation is liable to a penalty under this Part for a taxation year equal to (a) 5% of the total of all amounts, each of which is a dividend received by the foundation from the particular corporation in the taxation year and at a time when the foundation so controlled the particular corporation, except if the foundation is liable under paragraph (b) for a penalty in respect of the dividend; or (b) if the Minister has, less than five years before the particular time, assessed a liability under paragraph (a) or this paragraph for a preceding taxation year of the foundation in respect of a dividend received from any corporation, the total of all amounts, each of which is a dividend received, after the particular time, by the foundation, from the particular corporation, in the taxation year and at a time when the foundation so controlled the particular corporation. Penalty for excess corporate holdings (3.1) A private foundation is liable to a penalty under this Part for a taxation year, in respect of a class of shares of the capital stock of a corporation, equal to (a) 5% of the amount, if any, determined by multiplying the divestment obligation percentage of the private foundation for the taxation year in respect of the class by the total fair market value of all of the issued and outstanding shares of the class, except if the private foundation is liable for the taxation year under paragraph (b) for a penalty in respect of the class; or (b) 10% of the amount, if any, determined by multiplying the divestment obligation percentage of the private foundation for the taxation year in respect of the class by the total fair market value of all of the issued and outstanding shares of the class, if (i) the private foundation has failed to disclose, in its return required under subsection 149.1(14) for the taxation year, (A) a material transaction, in the taxation year, of the private foundation in respect of the class, (B) a material interest held at the end of the taxation year by a relevant person in respect of the private foundation, or (C) the total corporate holdings percentage of the private foundation in respect of the class at the end of the taxation year, unless at no time in the taxation year the private foundation held greater than an insignificant interest in respect of the class, or (ii) the Minister has, less than five years before the end of the taxation year, assessed a liability under paragraph (a) or this paragraph for a preceding taxation year. (3.2) If, at the end of a taxation year, a private foundation would — but for a transaction or series of transactions entered into by the private foundation or a relevant person in respect of the private foundation (in this subsection referred to as the “holder”) a result of which is that the holder holds, directly or indirectly, an interest (or for civil law, a right), in a corporation other than shares — have a divestment obligation percentage for that taxation year in respect of the private foundation’s holdings of a class of shares of the capital stock of the corporation, and it can reasonably be considered that a purpose of the transaction or series is to avoid that divestment obligation percentage by substituting shares of the class for that interest or right, for the purposes of applying this section, subsection 149.1(1) and section 149.2, (a) each of those interests or rights is deemed to have been converted, immediately after the time it was first held, directly or indirectly by the holder, into that number of shares of the class that would, if those shares were shares of the class that were issued by the corporation, have a fair market value equal to the fair market value of the interest or right at that time; (b) each such share is deemed to be a share that is issued by the corporation and outstanding and to continue to be held by the holder until such time as the holder no longer holds the interest or right; and (c) each of those shares is deemed to have a fair market value, at the particular time, equal to the fair market value, at the particular time, of a share of the class issued by the corporation, determined without reference to this subsection. (3.3) Subsection (3.5) applies to a private foundation at a particular time in a taxation year if (a) at the particular time, a person (in this subsection and subsection (3.5) referred to as an “insider” of the private foundation) that is the private foundation, or is a relevant person in respect of the private foundation, is a beneficiary under a trust; (b) at or before the particular time (i) the insider acquired an interest in or under the trust, or (ii) the trust acquired a property; (c) it may reasonably be considered that a purpose of the acquisition described in paragraph (b) was to hold, directly or indirectly, shares of a class of the capital stock of a corporation (referred to in subsection (3.5) as the “subject corporation”); (d) the shares described in paragraph (c) would, if they were held by the insider, cause the private foundation to have a divestment obligation percentage for the taxation year; and (e) at the particular time, the insider holds the interest described in subparagraph (b)(i), or the trust holds the property described in subparagraph (b)(ii), as the case may be. (a) interests (or, for civil law, rights), other than shares, that are in a corporation or that relate to a right described in paragraph 251(5)(b) in respect of a class of the capital stock of the corporation, are deemed to be converted into shares of that class in the manner described by paragraph (3.2)(a); and (b) if the amount of income or capital of the trust that a person may receive as a beneficiary under the trust depends on the exercise by any person of, or the failure by any person to exercise, a discretionary power, that person is deemed to have fully exercised, or to have failed to exercise, the power, as the case may be. (3.5) If this subsection applies to a private foundation at a particular time in respect of an interest of an insider of the private foundation in a trust, for the purposes of applying this section, subsection 149.1(1) and section 149.2, (a) the insider is deemed to hold at the particular time, in addition to any shares of the capital stock of the subject corporation that it holds otherwise than because of this subsection, the number of shares, of the class of shares referred to in paragraph (3.3)(c), determined by the formula is the number of shares of that class that are held, directly or indirectly, by the trust at the particular time, is the total fair market value of all interests held by the insider in the trust at the particular time, and is the total fair market value of all property held by the trust at the particular time; (b) each of those shares is deemed to be a share that is issued by the subject corporation and outstanding and to continue to be held by the holder until such time as the holder no longer holds the interest or right; and (c) each of those shares is deemed to have a fair market value, at the particular time, equal to the fair market value, at the particular time, of a share of the class issued by the subject corporation, determined without reference to this subsection.
A registered charity or registered Canadian amateur athletic association that, at a particular time in a taxation year, confers on a person an undue benefit is liable to a penalty under this Part for the taxation year equal to (a) 105% of the amount of the benefit, except if the charity or association is liable under paragraph (b) for a penalty in respect of the benefit; or (b) if the Minister has, less than five years before the particular time, assessed a liability under paragraph (a) or this paragraph for a preceding taxation year of the charity or association and the undue benefit was conferred after that assessment, 110% of the amount of the benefit.
laquelle il a été disposé de l’action ou de la participation, selon le cas, dans le cadre d’une liquidation visée au paragraphe (1) ou d’une fusion visée au paragraphe 87(11); b) la société a fait les efforts voulus pour déterminer le solde du surplus libre d’impôt (au sens du paragraphe 5905(5.5) du Règlement de l’impôt sur le revenu) de la société affiliée, relativement à la société, devant entrer dans le calcul de la somme maximale pouvant être désignée selon le sous-alinéa (1)d)(ii) relativement à cette disposition; c) la société modifie la désignation initiale au plus tard le jour qui suit de 10 ans la date d’échéance de production mentionnée à l’alinéa a). Désignation modifiée (1.9) Si le présent paragraphe s’applique et que, de l’avis du ministre, les circonstances sont telles qu’il serait juste et équitable de permettre la modification de la désignation initiale, la désignation modifiée aux termes de l’alinéa (1.8)c) est réputée avoir été faite à la date où la désignation initiale a été faite et la désignation initiale est réputée ne pas avoir été faite. Liquidation d’une société canadienne
For the purposes of this Part, an undue benefit conferred on a person (referred to in this Part as the “beneficiary”) by a registered charity or registered Canadian amateur athletic association includes a disbursement by way of a gift or the amount of any part of the income, rights, property or resources of the charity or association that is paid, payable, assigned or otherwise made available for the personal benefit of any person who is a proprietor, member, shareholder, trustee or settlor of the charity or association, who has contributed or otherwise paid into the charity or association more than 50% of the capital of the charity or association, or who deals not at arm’s length with such a person or with the charity or association. association, as well as any benefit conferred on a beneficiary by another person, at the direction or with the consent of the charity or association, that would, if it were not conferred on the beneficiary, be an amount in respect of which the charity or association would have a right, but does not include a disbursement or benefit to the extent that it is (a) an amount that is reasonable consideration or remuneration for property acquired by or services rendered to the charity or association; (i) in the case of a registered charity, in the course of a charitable act in the ordinary course of the charitable activities carried on by the charity, unless it can reasonably be considered that the eligibility of the beneficiary for the benefit relates solely to the relationship of the beneficiary to the charity, (ii) in the case of a registered Canadian amateur athletic association, in the ordinary course of promoting amateur athletics in Canada on a nationwide basis; or (c) a qualifying disbursement.
Lorsqu’une société canadienne (à l’exclusion d’une filiale à la liquidation de laquelle les règles du paragraphe (1) s’appliquent) a été liquidée après 1978 et que, à un moment donné au cours de la liquidation, la totalité, ou presque, des biens appartenant à la société immédiatement avant ce moment ont été attribués aux actionnaires de la société : a) pour le calcul, pour la société : (i) de son compte de dividendes en capital, (ii) de son compte de dividendes sur les gains en capital, au sens du paragraphe 131(6), dans le cas où la société est une société de placement, (iii) de son compte de dividendes sur les gains en capital (au sens de l’article 133), et (iv) de son surplus de capital en main avant 1972, au moment (appelé « moment du calcul » au présent alinéa) immédiatement avant le moment donné : (iv) l’année d’imposition de la société qui aurait autrement compris le moment particulier est réputée s’être terminée immédiatement avant le moment donné, et une nouvelle année d’imposition est réputée avoir commencé à ce moment. Income Tax PART I Income Tax DIVISION B Computation of Income
Every registered charity, registered Canadian amateur athletic association and registered journalism organization that fails to file a return for a taxation year as and when required by subsection 149.1(14) or (14.1) is liable to a penalty equal to $500.
(vi) [Repealed, 1994, c. 7, Sch. II, s. 66] Impôt sur le revenu
Except where subsection (8) or (9) applies, every registered charity, registered Canadian amateur athletic association and registered journalism organization that issues, in a taxation year, a receipt for a gift otherwise than in accordance with this Act and the regulations is liable for the taxation year to a penalty equal to 5% of the amount reported on the receipt as representing the amount in respect of which a taxpayer may claim a deduction under subsection 110.1(1) or a credit under subsection 118.1(3). Increased penalty for subsequent assessment
Except where subsection (9) applies, if the Minister has, less than five years before a particular time, assessed a penalty under subsection (7) or this subsection for a taxation year of a registered charity, registered Canadian amateur athletic association or registered journalism organization and, after that assessment and in a subsequent taxation year, it issues, at the particular time, a receipt for a gift otherwise than in accordance with this Act and the regulations, it is liable for the subsequent taxation year to a penalty equal to 10% of the amount reported on the receipt as representing the amount in respect of which a taxpayer may claim a deduction under subsection 110.1(1) or a credit under subsection 118.1(3).
If at any time a person makes or furnishes, participates in the making of or causes another person to make or furnish a statement that the person knows, or would reasonably be expected to know but for circumstances amounting to culpable conduct (as defined in subsection 163.2(1)), is a false statement (as defined in subsection 163.2(1)) on a receipt issued by, on behalf of or in the name of another person for the purposes of subsection 110.1(2) or 118.1(2), the person (or, where the person is an officer, employee, official or agent of a registered charity, registered Canadian amateur athletic association or registered journalism organization, the charity, association or organization) is liable for their taxation year that includes that time to a penalty equal to 125% of the amount reported on the receipt as representing the amount in respect of which a taxpayer may claim a deduction under subsection 110.1(1) or a credit under subsection 118.1(3).
A person who is liable at any time to penalties under both section 163.2 and subsection (9) in respect of the same false statement is liable to pay only the greater of those penalties. Delay of expenditure
(v) chacun des biens de la société qui ont été ainsi attribués au moment donné est réputé avoir fait l’objet d’une disposition par la société immédiatement avant la fin de l’année d’imposition réputée s’être ainsi terminée, à un produit égal à la juste valeur marchande du bien immédiatement avant le moment donné, (vi) [Abrogé, 1994, ch. 7, ann. II, art. 66] (b) lorsque la société est réputée, en vertu du paragraphe 84(2), avoir payé, au moment donné, un dividende (appelé « dividende de liquidation » au présent alinéa) relatif à des actions d’une catégorie quelconque de son capital-actions, les règles suivantes s’appliquent : (i) la partie du dividende de liquidation qui ne dépasse pas le compte de dividendes en capital de la société immédiatement avant ce moment ou son compte de dividendes en capital immédiatement avant ce moment est réputée, pour les besoins d’un choix prévu aux paragraphes 83(2), 131(1) (dans la mesure où ce paragraphe s’applique pour l’application de l’article 130) ou 133(7.1), selon le cas, et, si la société fait ce choix, à toutes autres fins, être le montant total d’un dividende distinct, (ii) est réputée ne pas être un dividende la partie du dividende de liquidation qui correspond au moindre du surplus de capital en main avant 1972 de la société immédiatement avant ce moment et de l’excédent du dividende de liquidation sur, selon le cas : (A) la partie de ce dividende à l’égard de laquelle la société fait le choix prévu au paragraphe 83(2), (B) la partie de ce dividende à l’égard de laquelle la société fait le choix prévu au paragraphe 133(7.1), (iii) malgré la définition de dividende imposable au paragraphe 89(1), le dividende de liquidation est réputé être un dividende distinct qui est un dividende imposable, dans la mesure où il dépasse le total de la partie de ce dividende réputée, en vertu du sous-alinéa (i), être un dividende à toutes fins et de la partie réputée, en vertu du sous-alinéa (ii), ne pas être un dividende, (iv) chaque personne détenant une ou plusieurs actions de cette catégorie au moment donné est réputée avoir reçu un montant correspondant au produit de la multiplication du total du dividende distinct, calculé selon le sous-alinéa (iii), par Definition of pre-1972 capital surplus on hand exceeds Determination of pre-1972 capital surplus on hand s’appliquent) de la société donnée a été liquidée après 1978, le montant égal au surplus de capital en main avant 1972 de la filiale immédiatement avant le début de la liquidation; d) lorsque la société donnée est une nouvelle société formée à la suite d’une fusion (au sens de l’article 87) après 1978 et avant le moment donné, le total des montants dont chacun est égal, à l’égard d’une société remplacée, au surplus de capital en main avant 1972 de celle-ci immédiatement avant la fusion, sur : e) le total des montants dont chacun correspond à une immobilisation (autre qu’un bien amortissable) de la société qui lui appartenait au 31 décembre 1971 et dont elle a disposé après 1978 et avant le moment donné, égal à l’excédent éventuel du coût effectif de l’immobilisation, pour la société, déterminé compte non tenu des Règles concernant l’application de l’impôt sur le revenu, autres que les paragraphes 26(15), (17) et (21) à (27), sur le plus élevé des montants suivants : (i) la juste valeur marchande de l’immobilisation au jour de l’évaluation — au sens de l’article 24 de ces règles, (ii) le produit de disposition de l’immobilisation obtenu Calcul du surplus de capital en main avant 1972 (2.2) Pour l’application du calcul du surplus de capital en main avant 1972 d’une société à un moment donné après 1978, les règles suivantes s’appliquent : a) le montant visé aux alinéas (2.1)b) et e) à l’égard de la société est réputé être nul, si le bien ayant fait l’objet d’une disposition est : (i) soit une action du capital-actions d’une filiale, au sens du paragraphe (1), qui a fait l’objet d’une disposition au moment de la liquidation de la filiale, lorsque la liquidation a commencé après 1978, (ii) soit une action du capital-actions d’une autre société canadienne — qui était contrôlée, au sens du paragraphe 186(2), par la société immédiatement avant la disposition — dont la société a disposé après 1978, en faveur d’une personne avec laquelle elle avait un lien de dépendance immédiatement après la disposition, autre qu’une disposition visée à l’alinéa (2.2)b), (iii) soit, sous réserve du paragraphe 26(21) des Règles concernant l’application de l’impôt sur le revenu, une action du capital-actions d’une société donnée dont la société a disposé après 1978, au moment d’une fusion au sens du paragraphe 87(1), lorsque la société contrôlait, au sens du paragraphe Actual cost of certain depreciable property 186(2), à la fois la société donnée immédiatement avant la fusion et la nouvelle société immédiatement après la fusion; b) lorsqu’une autre société canadienne possédait un immobilisation le 31 décembre 1971 et en a par la suite disposé en faveur d’une société dans le cadre d’une opération visée par l’article 85, cette autre société est réputée ne pas avoir ainsi disposé de l’immobilisation au cours de l’opération et la société est réputée avoir possédé l’immobilisation le 31 décembre 1971 et l’avoir acquise à un coût effectif égal au coût effectif de l’immobilisation pour l’autre société. Coût effectif de certains biens amortissables (2.3) Pour l’application du paragraphe (2.1), le coût effectif d’un bien amortissable qu’une société a acquis avant le début de son année d’imposition 1949 et qui est un bien en capital prévu dans ce paragraphe est réputé être le coût en capital de ce bien pour la société (au sens de l’article 14 de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts revisés du Canada de 1952, dans sa version applicable à l’année d’imposition 1971). Liquidation et dissolution d’une société étrangère affiliée
If, in a taxation year, a registered charity has entered into a transaction (including a gift to another registered charity) and it may reasonably be considered that a purpose of the transaction was to avoid or unduly delay the expenditure of amounts on charitable activities, the registered charity is liable to a penalty under this Act for its taxation year equal to 110% of the amount of expenditure avoided or delayed, and in the case of a gift to another registered charity, both charities are jointly and severally, or solidarily, liable to the penalty.
Malgré le paragraphe 69(5), si un contribuable reçoit, à un moment donné, un bien (appelé « bien distribué » au présent paragraphe) d’une de ses sociétés étrangères affiliées (appelée « société distributrice » au présent paragraphe) lors de la liquidation et dissolution de celle-ci et que le bien distribué est reçu relativement à des actions du capital-actions de la société distributrice qui est disposé lors de la liquidation et dissolution, les règles ci-après s’appliquent : a) sous réserve des paragraphes (3.3) et (3.5), la société distributrice est réputée avoir disposé, à ce moment, du bien distribué en faveur du contribuable pour un produit de disposition égal à son prix de base rajusté, au sens du paragraphe 95(4), pour elle relativement au contribuable, immédiatement avant ce moment, si, selon le cas : (i) la liquidation et dissolution est une liquidation et dissolution admissibles de la société distributrice, (ii) le bien distribué est une action du capital-actions d’une autre société étrangère affiliée du contribuable qui était, immédiatement avant ce A/B where moment, un bien exclu, au sens du paragraphe 95(1), de la société distributrice; b) si l’alinéa a) ne s’applique pas au bien distribué, la société distributrice est réputée avoir disposé de ce bien à ce moment en faveur du contribuable pour un produit de disposition égal à sa juste valeur marchande à ce moment; c) le contribuable est réputé avoir acquis, à ce moment, le bien distribué à un coût égal à la somme qui, selon les alinéas a) ou b), représente le produit de disposition du bien pour la société distributrice; d) chaque action (appelée « action cédée » à l’alinéa e) et aux paragraphes (3.3) et (3.4)) d’une catégorie du capital-actions de la société distributrice dont le contribuable dispose lors de la liquidation et dissolution est réputée avoir donné lieu à un produit de disposition égal à la somme obtenue par la formule suivante : A/B où : A représente le total des sommes dont chacune représente un montant de distribution relativement à une distribution de biens distribués effectuée, à un moment quelconque, à l’égard de la catégorie, B le nombre total d’actions émises et en circulation de la catégorie qui appartiennent au contribuable pendant la liquidation et dissolution; e) si la liquidation et dissolution est une liquidation et dissolution admissibles de la société distributrice, toute perte subie par le contribuable relativement à la disposition d’une action cédée est réputée être nulle. Liquidation et dissolution admissibles (3.1) Pour l’application des paragraphes (3), (3.3) et (3.5), est une liquidation et dissolution admissibles d’une société étrangère affiliée (appelée « société distributrice » au présent paragraphe) d’un contribuable la liquidation et dissolution de celle-ci à l’égard de laquelle le contribuable fait un choix selon les règles prévues par règlement et relativement à laquelle l’un des faits ci-après s’avère : a) au moins 90 % des actions émises et en circulation de chaque catégorie du capital-actions de la société distributrice appartiennent au contribuable tout au long de la liquidation et dissolution; b) à la fois : A/B where exceeds exceeds (3.2) For the purposes of the description of A in paragraph (3)(d), net distribution amount in respect of a Income Tax PART I Income Tax DIVISION B Computation of Income
If a registered charity has in a taxation year received a gift of property (other than a designated gift) from another registered charity with which it does not deal at arm’s length and it has expended, before the end of the next taxation year — in addition to its disbursement quota for each of those taxation years — an amount that is less than the fair market value of the property on charitable activities carried on by it or by way of gifts made by it that are qualifying disbursements to qualified donees or grantee organizations, with which it deals at arm’s length, the registered charity is liable to a penalty under this Act for that subsequent taxation year equal to 110% of the difference between the fair market value of the property and the additional amount expended. Notice of suspension with assessment
A - B where A - B where --- Impôt sur le revenu
(b) a penalty under paragraph 188.1(4)(b) in respect of an undue benefit, other than an undue benefit conferred by the charity or association by way of a gift; or (c) a penalty under subsection 188.1(9) if the total of all such penalties for the taxation year exceeds $25,000. Notice of suspension — general
The Minister may give notice by registered mail to a person referred to in any of paragraphs (a) to (c) of the definition qualified donee in subsection 149.1(1) that the authority of the person to issue an official receipt
referred to in Part XXXV of the **Income Tax Regulations** is suspended for one year from the day that is seven days after the day on which the notice is mailed (b) if it may reasonably be considered that the person has acted, in concert with another person that is the subject of a suspension under this section, to accept a gift or transfer of property on behalf of that other person; (c) in the case of a person referred to in paragraph (a) of the definition **qualified donee** in subsection 149.1(1), if the person has issued a receipt for a gift otherwise than in accordance with this Act and the regulations; (d) in the case of a person that is a registered charity or registered Canadian amateur athletic association, if an ineligible individual is a director, trustee, officer or like official of the person, or controls or manages the person, directly or indirectly, in any manner whatever; (e) in the case of a person that is a registered charity or registered Canadian amateur athletic association, if the person devotes any part of its resources to the direct or indirect support of, or opposition to, any political party or candidate for public office; or (f) in the case of a person that is a registered charity, if a false statement (as defined in subsection 163.2(1)) was made in circumstances amounting to **culpable conduct** (as defined in subsection 163.2(1)) in the furnishing of information for the purpose of maintaining its registration. (2.1) If a registered charity, a registered Canadian amateur athletic association or a registered journalism organization fails to report information that is required to be included in a return filed under subsection 149.1(14) or (14.1), the Minister may give notice by registered mail to the charity, association or organization that its authority to issue an official receipt referred to in Part XXXV of the **Income Tax Regulations** is suspended from the day that is seven days after the day on which the notice is mailed until such time as the Minister notifies the charity, association or organization that the Minister has received the required information in prescribed form. Effect of suspension
If the Minister has issued a notice to a qualified donee under any of subsections (1) to (2.1), subject to subsection (4), (a) the qualified donee is deemed, in respect of gifts made and property transferred to the qualified donee within the one-year period that begins on the day that is seven days after the day on which the notice is mailed, not to be a qualified donee for the purposes of subsections 110.1(1) and 118.1(1) and Part XXXV of the Income Tax Regulations; and (b) if the qualified donee is, during that period, offered a gift from any person, the qualified donee shall, before accepting the gift, inform that person that (i) it has received the notice, (ii) no deduction under subsection 110.1(1) or credit under subsection 118.1(3) may be claimed in respect of a gift made to it in the period, and (iii) a gift made to it in the period is not a gift to a qualified donee.
relatif à la distribution d’un bien distribué correspond à la somme obtenue par la formule suivante : A - B où : A représente le coût du bien pour le contribuable, déterminé selon l’alinéa (3)c); B le total des sommes dont chacune représente une somme due (sauf un dividende non versé) par la société distributrice, ou une obligation de celle-ci, qui a été assumée ou annulée par le contribuable en contrepartie de la distribution du bien. Choix de supprimer le produit de disposition (3.3) Pour l’application de l’alinéa (3)a), dans le cas où la liquidation et dissolution est une liquidation et dissolution admissibles de la société distributrice et où le contribuable, en l’absence du présent paragraphe (étant entendu que le choix prévu au paragraphe 93(1) a été pris en compte), réaliserait un gain en capital (appelé « montant de gain en capital » au paragraphe (3.4)) de la disposition d’une action cédée, le contribuable peut choisir, conformément aux règles prescrites, que les biens distribués qui étaient, immédiatement avant la disposition, des immobilisations de la société distributrice soient réputés avoir fait l’objet d’une disposition par celle-ci en faveur du contribuable pour un produit de disposition égal à la somme qu’il demande dans le document concernant le choix (appelée « somme demandée » au paragraphe (3.4)). Conditions (3.4) Le choix prévu au paragraphe (3.3) visant des biens distribués qui font l’objet d’une disposition au cours d’une liquidation et dissolution n’est valide que si les conditions ci-après sont réunies : a) la somme demandée relativement à chaque bien n’excède pas la somme qui, en l’absence du paragraphe (3.3), serait déterminée selon l’alinéa (3)a) relativement au bien; b) la somme obtenue par la formule ci-après n’excède pas le total des sommes dont chacune représente le montant de gain en capital relatif à une action cédée : A - B où : A représente le total des sommes qui, en l’absence du paragraphe (3.3), constitueraient selon l’alinéa (3)a) le produit de disposition d’un bien distribué relativement auquel le contribuable fait le choix prévu au paragraphe (3.3), Income Tax PART I Income Tax DIVISION B Computation of Income
If a notice of objection to a suspension under any of subsections (1) to (2.1) has been filed by a qualified donee, the qualified donee may file an application to the Tax Court of Canada for a postponement of that portion of the period of suspension that has not elapsed until the time determined by the Court.
NOTE: Application provisions are not included in the consolidated text; see relevant amendments and regulations: R.S., 1985, c. 1 (5th Supp.), s. 88; 1994, c. 7, Sch. II, s. 135; 1995, c. 21, s. 5; 1996, c. 21, s. 54; 1998, c. 19, s. 186; 1999, c. 22, s. 60; 2001, c. 17, s. 56; 2001, c. 24, s. 15; 2007, c. 35, s. 62; 2008, c. 28, s. 19; 2010, c. 25, s. 46; 2012, c. 19, s. 28; 2013, c. 34, s. 366; 2016, c. 12, s. 80; 2018, c. 27, s. 16; 2019, c. 29, s. 26; 2019, c. 29, s. 26; 2019, c. 29, s. 26; 2019, c. 29, s. 26; 2022, c. 19, s. 12; 2024, c. 17, s. 19; 2024, c. 17, s. 80. Impôt sur le revenu
The Tax Court of Canada may grant an application for postponement only if it would be just and equitable to do so. Tax regarding non-qualified investment
(a) the amount that would be payable as interest on that debt for the period in the year during which it was outstanding and was a non-qualified investment of the foundation if the interest were payable at such prescribed rates as are in effect from time to time during the period (b) the amount of interest for the year paid on that debt by the taxpayer not later than 30 days after the end of the year. Computation of interest on debt
For the purpose of paragraph 189(1)(a), where a debt in respect of which subsection 189(1) applies (other than a share or right that is deemed by subsection 189(3) to be a debt) is owing by a taxpayer to a private foundation, interest on that debt for the period referred to in that paragraph shall be computed at the least of (a) such prescribed rates as are in effect from time to time during the period, (b) the rate per annum of interest on that debt that, having regard to all the circumstances (including the terms and conditions of the debt), would have been agreed on, at the time the debt was incurred, had the taxpayer and the foundation been dealing with each other at arm’s length and had the ordinary business of the foundation been the lending of money, and (c) where that debt was incurred before April 22, 1982, a rate per annum equal to 6% plus 2% for each calendar year after 1982 and before the taxation year referred to in subsection 189(1). Share deemed to be debt
For the purpose of subsection 189(1), where a share, or a right to acquire a share, of the capital stock of a corporation held by a private foundation at any particular time during the corporation’s taxation year was at that time a non-qualified investment of the foundation, the share or right shall be deemed to be a debt owing at that time by the corporation to the foundation (a) the amount of which was equal to, (i) in the case of a share or right last acquired before April 22, 1982, the greater of its fair market value on April 21, 1982 and its cost amount to the foundation at the particular time, or (ii) in any other case, its cost amount to the foundation at the particular time,
B le total des sommes dont chacune représente la somme demandée relativement à un bien distribué visé à l’élément A. Bien canadien imposable (3.5) Pour l’application de l’alinéa (3)a), la société distributrice est réputée avoir disposé du bien distribué en faveur du contribuable pour un produit de disposition égal au prix de base rajusté du bien pour elle immédiatement avant sa disposition si, à la fois : a) la liquidation et dissolution est une liquidation et dissolution admissibles de la société distributrice; b) le bien distribué est, au moment de sa disposition, un bien canadien imposable (autre qu’un bien protégé par traité) de la société distributrice qui est une action du capital-actions d’une société résidant au Canada; c) le contribuable et la société distributrice font un choix conjoint selon les règles prévues par règlement. Fusion réputée ne pas être une acquisition de contrôle
(b) that was outstanding throughout the period for which the share or right was held by the foundation during the year, and (c) in respect of which the amount of interest paid in the year is equal to the total of all amounts each of which is the amount of a dividend received on the share by the foundation in the year, and the reference in paragraph 189(1)(a) to “such prescribed rates as are in effect from time to time during the period” shall be read as a reference to “2/3 of such prescribed rates as are in effect from time to time during the period”. Computation of interest with respect to a share
Les présomptions suivantes s’appliquent dans le cadre des alinéas (1)c), c.2), d) et d.2), étant entendu qu’elles s’appliquent également dans le cadre des alinéas c.3) à c.8) et d.3) : a) sous réserve de l’alinéa c), le contrôle d’une société est réputé ne pas avoir été acquis en raison d’une fusion; b) la société issue d’une fusion est réputée être la même société que chaque société remplacée et en être la continuation; c) s’agissant d’une fusion visée au paragraphe 87(9), le contrôle d’une société remplacée que la société mère ne contrôlait pas avant la fusion est réputé avoir été acquis par celle-ci immédiatement avant la fusion. [NOTE : Les dispositions d’application ne figurent pas dans le texte consolidé; voir les modifications et règlements pertinents : L.R. (1985), ch. 1 (5e suppl.), art. 88; 1994, ch. 7, ann. II, art. 135; 1995, ch. 21, art. 5; 1996, ch. 21, art. 54; 1998, ch. 19, art. 186; 1999, ch. 22, art. 60; 2001, ch. 17, art. 56; 2001, ch. 24, art. 15; 2007, ch. 35, art. 62; 2008, ch. 28, art. 19; 2010, ch. 25, art. 46; 2012, ch. 19, art. 28; 2013, ch. 34, art. 366; 2016, ch. 12, art. 80; 2018, ch. 27, art. 16; 2019, ch. 29, art. 26; 2019, ch. 29, art. 26; 2019, ch. 29, art. 26; 2019, ch. 29, art. 26; 2022, ch. 19, art. 12; 2024, ch. 17, art. 19; 2024, ch. 17, art. 80.] Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of subsection 189(3), where a share or right in respect of which that subsection applies was last acquired before April 22, 1982, the reference therein to “2/3 of such prescribed rates as are in effect from time to time during the period” shall be read as a reference to “the lesser of (a) a rate per annum equal to 4% plus 1% for each 5 calendar years contained in the period commencing after 1982 and ending before the particular time, and (b) a rate per annum equal to 2/3 of such prescribed rates as are in effect from time to time during the year”.
Application
For the purpose of subsection 189(3), where a share or right is acquired by a charity in exchange for another share or right in a transaction after April 21, 1982 to which section 51, 85, 85.1, 86 or 87 applies, it shall be deemed to be the same share or right as the one for which it was substituted. Taxpayer to file return and pay tax
(d) if the property is shares of the capital stock of a taxable Canadian corporation, Impôt sur le revenu
Every taxpayer who is liable to pay tax under this Part (except a charity that is liable to pay tax under section 188(1)) for a taxation year shall, on or before the day on or before which the taxpayer is, or would be if tax were payable by the taxpayer under Part I for the year, required to file a return of income or an information return under Part I for the year, (a) file with the Minister a return for the year in prescribed form and containing prescribed information, without notice or demand therefor; (b) estimate in the return the amount of tax payable by the taxpayer under this Part for the year; and
(c) pay to the Receiver General the amount of tax payable by the taxpayer under this Part for the year. (6.1) If the registration of a taxpayer as a registered charity has been revoked (and subsection 188(2.1) does not apply to the taxpayer), the taxpayer shall, on or before the day that is one year from the end of the taxation year referred to in paragraph 188(1)(a), and without notice or demand, (a) file with the Minister (i) a return for the taxation year, in prescribed form and containing prescribed information, and (ii) both an information return and a public information return for the taxation year, each in the form prescribed for the purpose of subsection 149.1(14); and (b) estimate in the return referred to in subparagraph (a)(i) the amount of tax payable by the taxpayer under subsection 188(1.1) for the taxation year; and (c) pay to the Receiver General the amount of tax payable by the taxpayer under subsection 188(1.1) for the taxation year. Reduction of revocation tax liability (6.2) If the Minister has, during the one-year period beginning immediately after the end of a taxation year of a person, assessed the person in respect of the person’s liability for tax under subsection 188(1.1) for that taxation year, has not after that period reassessed the tax liability of the person, and that liability exceeds $1,000, that liability is, at any particular time, reduced by the total of (a) the amount, if any, by which (i) the total of all amounts, each of which is an expenditure made by the charity, on charitable activities carried on by it, before the particular time and during the period (referred to in this subsection as the “post-assessment period”) that begins immediately after a notice of the latest such assessment was sent and ends at the end of the one-year period (ii) the income of the charity for the post-assessment period, including gifts received by the charity
in that period from any source and any income that would be computed under section 3 if that period were a taxation year, and (b) all amounts, each of which is an amount, in respect of a property transferred by the charity before the particular time and during the post-assessment period to a person that was at the time of the transfer an eligible donee in respect of the charity, equal to the amount, if any, by which the fair market value of the property, when transferred, exceeds the consideration given by the person for the transfer. Reduction of liability for penalties (6.3) If the Minister has assessed a particular person in respect of the particular person’s liability for penalties under section 188.1 for a taxation year, and that liability exceeds $1,000, that liability is, at any particular time, reduced by the total of all amounts, each of which is an amount, in respect of a property transferred by the particular person after the day on which the Minister first assessed that liability and before the particular time to another person that was at the time of the transfer an eligible donee described in paragraph 188.1(3)(a) in respect of the particular person, equal to the amount, if any, by which the fair market value of the property, when transferred, exceeds the total of (a) the consideration given by the other person for the transfer, and (b) the part of the amount in respect of the transfer that has resulted in a reduction of an amount otherwise payable under subsection 188.1(1). Minister may assess
Without limiting the authority of the Minister to revoke the registration of a registered charity or registered Canadian amateur athletic association, the Minister may also at any time assess a taxpayer in respect of any amount that a taxpayer is liable to pay under this Part.
Application
Subsections 150(2) and (3), sections 152 and 158, subsection 161(11), sections 162 to 167 and Division J of Part I apply in respect of an amount assessed under this Part and of a notice of suspension under subsection 188.2(1), (2) or (2.1) as if the notice were a notice of assessment made under section 152, with any modifications that the circumstances require including, for greater certainty, that a notice of suspension that is reconsidered or reassessed may be confirmed or vacated, but not varied, except that (a) section 162 does not apply in respect of a return required to be filed under paragraph (6.1)(a); and (b) the reference in each of subsections 165(2) and 166.1(3) to the expression “Chief of Appeals in a District Office or a Taxation Centre” is to be read as a reference to the expression “Assistant Commissioner, Appeals Branch”. (8.1) For greater certainty, in applying the provisions referred to in subsection (8), with any modifications that the circumstances require, (a) a notice of objection referred to in subsection 168(4) does not constitute a notice of objection to a tax assessed under subsection 188.1(1); and (b) an issue that could have been the subject of a notice of objection referred to in subsection 168(4) may not be appealed to the Tax Court of Canada under subsection 169(1).
a) la distribution constitue un fait lié à la conversion d’une EIPD-fiducie; b) la fiducie est : (i) soit une EIPD convertible dont le seul bénéficiaire, à tout moment où la fiducie effectue une distribution qui constitue un fait lié à la conversion d’une EIPD-fiducie, est une société canadienne imposable, (ii) soit une fiducie dont le seul bénéficiaire, à tout moment où la fiducie effectue une distribution qui constitue un fait lié à la conversion d’une EIPD-fiducie, est une autre fiducie visée au sous-alinéa (i); c) si la fiducie est une EIPD convertible, la distribution est effectuée au plus tard 60 jours après le premier des moments suivants : (i) le moment du premier fait lié à la conversion d’une EIPD-fiducie de la fiducie, (ii) le moment de la première distribution, effectuée au profit de la fiducie, qui constitue un fait lié à la conversion d’une EIPD-fiducie d’une autre fiducie; d) si les biens sont des actions du capital-actions d’une société canadienne imposable : (i) ils n’ont pas été acquis par la fiducie lors d’une distribution à laquelle le paragraphe 107(3.1) s’applique, (ii) la fiducie fait un choix, dans un document qu’elle présente au ministre au plus tard à la date d’échéance de production qui lui est applicable pour son année d’imposition qui comprend le moment de la distribution, afin que le présent article s’applique à la distribution. Fait lié à la conversion d’une EIPD-fiducie
Subsection 161(11) does not apply to a liability of a taxpayer for a taxation year (a) under subsection 188.1(1) to the extent that the liability is reduced by subsection (6.2), or paid, before the end of the one-year period that begins immediately after the end of the taxation year deemed to have ended by paragraph 188(1)(a); or (b) under section 188.1 to the extent that the liability is reduced by subsection (6.3), or paid, before the end of the one-year period that begins immediately after the liability was first assessed. contractual service margin for a group of insurance contracts of an insurer, or a group of reinsurance contracts held by the insurer, at the end of a taxation year, has the same meaning as in subsection 138(12); (marge sur services contractuels) financial institution means a corporation that (a) is a bank, (b) is authorized under the laws of Canada or a province to carry on the business of offering its services as a trustee to the public, (c) is authorized under the laws of Canada or a province to accept deposits from the public and carries on the business of lending money on the security of real property or immovables or investing in indebtedness on the security of mortgages on real property or of hypothecs on immovables, (e) is a corporation all or substantially all of the assets of which are shares or indebtedness of corporations described in any of paragraphs (a) to (d) or this paragraph to which the corporation is related; (institution financière) group of insurance contracts of an insurer has the same meaning as in subsection 138(12); (groupe de contrats d’assurance) group of reinsurance contracts held by an insurer has the same meaning as in subsection 138(12); (groupe de contrats de réassurance) long-term debt means (a) in the case of a bank, its subordinated indebtedness (within the meaning assigned by section 2 of the Bank Act) evidenced by obligations issued for a term of not less than 5 years, (b) in the case of an insurance corporation, its subordinated indebtedness (within the meaning assigned by section 2 of the Insurance Companies Act) evidenced by obligations issued for a term of not less than 5 years, and (c) in the case of any other corporation, its subordinated indebtedness (within the meaning that would be assigned by section 2 of the Bank Act if the definition of that expression in that section were applied with such modifications as the circumstances require) evidenced by obligations issued for a term of not less than 5 years; (passif à long terme) policyholders’ liabilities of an insurer at the end of a taxation year has the same meaning as in subsection 138(12); (obligation envers les titulaires de polices) reserves, in respect of a financial institution for a taxation year, means the amount at the end of the year of all of the institution’s reserves, provisions and allowances (other than allowances in respect of depreciation or depletion) and, for greater certainty, includes any provision in respect of deferred taxes. (réserves) Prescribed meanings (1.1) For the purposes of this Part, the expressions attributed surplus, Canadian assets, Canadian reserve liabilities, total assets and total reserve liabilities have the meanings that are prescribed.
Si le présent paragraphe s’applique à une distribution de biens effectuée par une fiducie au profit d’un contribuable, les paragraphes 88(1) à (1.7), ainsi que l’article 87 et les alinéas 256(7)a) à e) dans la mesure où ils s’appliquent dans le cadre de ces paragraphes, s’appliquent, avec les adaptations nécessaires, comme si : [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 88; 1994, c. 21, s. 41; 2009, c. 2, s. 21. Definitions 89 (1) In this Subdivision, A – B – C where A is a) la fiducie était une société canadienne imposable (appelée « filiale » au présent paragraphe) qui n’est pas une société privée; b) le contribuable, s’il est une EIPD en liquidation, était une société canadienne imposable qui n’est pas une société privée; c) la distribution se traduisait par la liquidation de la filiale; d) la participation du contribuable à titre de bénéficiaire de la fiducie était constituée d’actions d’une seule catégorie d’actions du capital-actions de la filiale appartenant au contribuable; e) le produit de disposition, pour le contribuable, des actions visées à l’alinéa d) et qu’il détenait immédiatement avant la distribution était réputé, en vertu de l’alinéa 88(1)d), être égal au prix de base rajusté pour lui de sa participation à titre de bénéficiaire de la fiducie immédiatement avant la distribution; f) chaque fiducie, dont un bénéficiaire détenant une participation majoritaire, au sens de l’article 251.1, est une autre fiducie qui est considérée comme une société par l’effet du présent paragraphe, était une société; g) sauf pour l’application des paragraphes 88(1.1) et (1.2), la dernière acquisition de contrôle, par le contribuable, de la filiale et de chaque société (y compris une fiducie qui est considérée comme une société par l’effet du présent paragraphe) contrôlée par la filiale s’était produite la dernière fois où il est devenu un bénéficiaire détenant une participation majoritaire, au sens de l’article 251.1, de la fiducie. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs pertinents.] L.R. (1985), ch. 1 (5e suppl.), art. 88; 1994, ch. 21, art. 41; 2009, ch. 2, art. 21. Définitions 89 (1) Les définitions qui suivent s’appliquent à la présente sous-section. bien désigné a) Bien d’une société privée, devenue société privée pour la dernière fois avant le 13 novembre 1981, que celle-ci a acquis : (i) avant le 13 novembre 1981, (ii) après le 12 novembre 1981 conformément à une convention écrite conclue au plus tard à cette date; b) Bien d’une société privée que celle-ci a acquis après d’une autre société privée avec laquelle la société C is (b) in any other case, nil; (revenu imposable rajusté) (a) incorporated in Canada, or (d) each of those corporations was, immediately before the particular time, a Canadian corporation; (société canadienne) privée avait un lien de dépendance (autrement qu’en vertu d’un droit visé à l’alinéa 251(5)(b)) à la date d’acquisition du bien, si celui-ci était un bien désigné de l’autre société privée; c) action acquise par une société privée lors d’une opération à laquelle l’article 51, le paragraphe 85(1) ou l’article 85.1, 86 ou 87 s’appliquait, en échange d’une action qui était un bien désigné de la société; d) bien de remplacement (au sens de l’article 44) d’un bien désigné dont il a été disposé à cause d’un événement visé à l’alinéa b), ou d’une définition de propriété de disposition à l’article 54. (designated property) capital versé À un moment donné : a) à l’égard d’une action d’une catégorie quelconque du capital-actions d’une société, somme égale au capital versé à ce moment relativement à la catégorie d’actions du capital-actions de la société à laquelle l’action émise est cette catégorie d’actions en circulation à ce moment; b) à l’égard d’une catégorie d’actions du capital-actions d’une société : (i) lorsque le moment donné est antérieur au 7 mai 1974, somme égale au capital versé au moment donné à l’égard de cette catégorie d’actions, calculée compte non tenu de la présente loi, (ii) lorsque le moment donné est postérieur au 6 mai 1974 et antérieur au 1er avril 1977, somme égale au capital versé au moment donné à l’égard de cette catégorie d’actions, calculée conformément à la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, dans sa version applicable au 31 mars 1977, (iii) si le moment donné est postérieur au 31 mars 1977, somme égale au capital versé au moment donné au titre de cette catégorie d’actions, calculée en vertu des dispositions de la présente loi, à l’exception des paragraphes 51(3) et 66.3(2) et (4), des articles 84.1 et 84.2, des paragraphes 85(2.1), 85.1(2.1 et 88), 86(2.1) et 87(3) et (9), de l’alinéa 128.1(1)c), des paragraphes 128.1(2) et (3), de l’article 135.2, des paragraphes 138(11.7), 139.1(6), 147(2), 194(2.1) et 194(4.1) et des articles 212.1 et 212.3; toutefois dans le cas d’une société coopérative, au sens du paragraphe 136(2), ou d’une caisse de crédit dont la loi constitutive ne prévoit pas de capital versé au titre d’une catégorie d’actions, le capital versé au titre de cette catégorie d’actions au moment donné, calculé compte non tenu de la présente loi, est réputé égal à l’excédent éventuel du total visé au sous-alinéa (v) sur le total visé au sous-alinéa (vi): (iv) le total des montants que la société a reçus relativement aux actions de cette catégorie, émises et en circulation à ce moment, (v) le total des montants dont chacun représente tout ou partie d’un montant visé au sous-alinéa (iv) que la société a remboursé aux détenteurs des actions émises de cette catégorie avant ce moment; c) à l’égard de toutes les actions du capital-actions d’une société, somme égale au total des montants dont chacun est une somme égale au total des montants d’une catégorie quelconque d’actions du capital-actions de la société à ce moment donné. (paid-up capital) compte de dividendes en capital S’agissant du compte de dividendes en capital d’une société, à un moment donné, l’excédent éventuel du total visé aux sous-alinéas (i) et (i.1) sur le total visé au sous-alinéa (ii): (i) le total des montants dont chacun représente l’excédent éventuel : (A) d’un gain en capital de la société — calculé comme il est prévu de la subdivision 52(3)(a)(ii)(A)(II) ou du sous-alinéa 53(1)(b)(ii) — provenant de la disposition d’un bien qui est visée à l’alinéa 40(3.1)a) ou au paragraphe 40(12) ou qui constitue un don effectué après le 18 décembre 1997 qui n’est pas un don visé au paragraphe 110.1(1) d’un bien au cours de la période commençant au début de sa première année d’imposition (ayant commencé après le moment où elle est devenue une société privée et s’étant terminée après 1971) et se terminant immédiatement avant le moment donné (appelée période à la présente définition), sur le total des montants suivants: (B) le gain en capital imposable de la société correspondant, (B.1) le gain en capital imposable de la société provenant d’une disposition au cours de la période, prévue au paragraphe 40(12), A × B where exceeds (C) la partie de l’excédent éventuel du montant calculé à la division (A) sur le montant calculé à la division (B), provenant de la disposition d’un bien par la société, qu’il est raisonnable de considérer comme s’étant accumulé pendant que le bien, ou un bien qui lui a été substitué : (I) sauf dans le cas de la disposition d’un bien désigné, soit appartenait à une société — sauf une société privée, une société de placement, une société de placement hypothécaire ou une société de placement à capital variable —, (II) soit appartenait à une société contrôlée, directement ou indirectement de quelque manière que ce soit, par une ou plusieurs personnes non-résidentes, si le bien est devenu, après le 26 novembre 1987, un bien d’une société privée canadienne autrement qu’à cause d’un changement de résidence d’un ou de plusieurs actionnaires de la société —, (III) soit appartenait à une société exonérée de l’impôt prévu à la présente partie sur son revenu imposable, si le bien est devenu, après le 26 novembre 1987, un bien d’une société privée canadienne autrement qu’à cause d’un changement de résidence d’un ou de plusieurs actionnaires de la société —. (i.1) le total des montants représentant chacun un montant relatif à une distribution qu’une fiducie a effectuée sur ses gains en capital en faveur de la société au cours de la période après le 15 septembre 2016 et dont le montant est égal au moins élevé des montants suivants : (A) l’excédent éventuel du montant visé à la subdivision (I) sur le montant visé à la subdivision (II) : (I) le montant de la distribution, (II) le montant que la fiducie a attribué à la société en application du paragraphe 104(21) relativement aux gains en capital imposables nets de la fiducie qui sont imputables aux gains en capital en question, (B) le montant obtenu par la formule suivante : A × B où : A représente le nombre entier ou la fraction obtenu lorsque 1 est soustrait de l’inverse de exceeds V + W where (iii) in any other case, nil, la fraction figurant à l’alinéa 38a) qui s’applique à la fiducie pour l’année, B le montant visé à la subdivision (A)(II), (ii) le total des montants dont chacun représente l’excédent éventuel : (A) d’une perte en capital de la société — calculée compte non tenu de la subdivision 52(3)a)(ii)(A)(II) ni du sous-alinéa 53(1)b)(ii) — résultant de la disposition (sauf celle qui est visée au paragraphe 40(3.12) ou qui constitue un don effectué après le 8 décembre 1997 qui n’est pas un don visé au paragraphe 110.1(1)) d’un bien au cours de cette période, sur le total des montants suivants : (B) la perte en capital déductible de la société correspondante, (C) la partie de l’excédent éventuel du montant calculé à la division (A) sur le montant calculé à la division (B) qui, selon le ministre, est raisonnable dans les circonstances pour l’année d’imposition de la société, bien, ou un bien qui lui est substitué : (I) sauf dans le cas de la disposition d’un bien désigné, soit appartenait à une société — sauf une société privée, une société de placement, une société de placement hypothécaire ou une société de placement à capital variable —, (II) soit appartenait à une société contrôlée, directement ou indirectement, de quelque manière que ce soit, par une ou plusieurs personnes non-résidentes, si le bien est devenu, après le 26 novembre 1987, un bien d’une société privée sous contrôle canadien — autrement qu’à cause d’un changement de résidence d’un ou de plusieurs actionnaires de la société —, (III) soit appartenait à une société exonérée de l’impôt prévu à la présente partie sur son revenu imposable, si le bien est devenu, après le 26 novembre 1987, un bien d’une société privée qui n’était pas exonérée de l’impôt prévu à la présente partie sur son revenu imposable; b) les sommes dont chacune constitue une somme reçue par la société au cours de la période, à titre de dividende versé sur une action du capital-actions d’une autre société, somme qui, en vertu du paragraphe Income Tax PART I Income Tax DIVISION B Computation of Income
Subsections 181(3) and 181(4) apply to this Part with such modifications as the circumstances require.
exceeds X + Y where (iii) in any other case, nil, (d) the amount, if any, by which the total of Impôt sur le revenu
Short taxation years
Where a taxation year of a corporation is less than 51 weeks, the amount determined under subsection 190.1(1) for the year in respect of the corporation shall be reduced to that proportion of that amount that the number of days in the year is of 365.
There may be deducted in computing a corporation’s tax payable under this Part for a taxation year an amount equal to the total of (a) the corporation’s tax payable under Parts I and VI.2 (determined in accordance with subsection 191.5(9)) for the year; and (b) such part as the corporation claims of its unused Part I tax credits and unused surtax credits for its 7 taxation years immediately before and its 3 taxation years immediately after the year. (a) an amount may not be claimed under subsection 190.1(3) in computing a corporation’s tax payable under this Part for a particular taxation year (i) in respect of its unused Part I tax credit for another taxation year, until its unused Part I tax credits for taxation years preceding the other year that may be claimed under this Part for the particular year have been claimed, and (ii) in respect of its unused surtax credit for another taxation year, until its unused surtax credits for taxation years preceding the other year that may be claimed under Part I.3 or this Part for the particular year have been claimed; (b) an amount may be claimed under subsection 190.1(3) in computing a corporation’s tax payable under this Part for a particular taxation year (i) in respect of its unused Part I tax credit for another taxation year, only to the extent that it exceeds the total of all amounts each of which is the amount claimed in respect of that unused Part I tax credit in computing its tax payable under this Part for a taxation year preceding the particular year, and (ii) in respect of its unused surtax credit for another taxation year, only to the extent that it exceeds the total of all amounts each of which is the amount claimed in respect of the unused surtax credit (A) in computing its tax payable under this Part for a taxation year preceding the particular year, or (B) in computing its tax payable under Part I.3 for the particular year or a taxation year preceding the particular year; and (c) an amount may be claimed under paragraph (3)(b) in computing a corporation’s tax payable under this Part for a taxation year that ends before July 1, 2006 in respect of its unused Part I tax credit for a taxation year that ends after July 1, 2006 (referred to in this paragraph as the “credit taxation year”) only to the extent that the unused Part I tax credit exceeds the amount, if any, by which (i) the amount that would, if this Part were read as it applied to the 2005 taxation year, be the corporation’s tax payable under this Part for the credit taxation year (ii) the corporation’s tax payable under this Part for the credit taxation year. unused Part I tax credit, of a corporation for a taxation year, means the amount, if any, by which (a) the corporation’s tax payable under Part I for the year unused surtax credit of a corporation for a taxation year has the meaning assigned by subsection 181.1(6). Acquisition of control
Where at any time control of a corporation was acquired by a person or group of persons, no amount in respect of its unused Part I tax credit or unused surtax credit for a taxation year ending before that time is deductible by the corporation for a taxation year ending after the time and no amount in respect of its unused Part I tax credit or unused surtax credit for a taxation year ending after that time is deductible by the corporation for a taxation year ending before that time, except that (a) the corporation’s unused Part I tax credit and unused surtax credit for a particular taxation year that ended before that time is deductible by the corporation for a taxation year that ends after that time (in this paragraph referred to as the “subsequent year”) to the extent of that proportion of the corporation’s tax payable under Part I for the particular year that (i) the amount, if any, by which (A) the total of all amounts each of which is (I) its income under Part I for the particular year from a business that was carried on by the corporation for profit or with a reasonable expectation of profit throughout the subsequent year, or (II) where properties were sold, leased, rented or developed or services were rendered in the course of carrying on that business before that time, its income under Part I for the particular year from any other business all or substantially all of the income of which was derived from the sale, leasing, rental or development, as the case may be, of similar properties or the rendering of similar services (B) the total of all amounts each of which is an amount deducted under paragraph 111(1)(a) or 111(1)(d) in computing its taxable income for the particular year in respect of a non-capital loss or a farm loss, as the case may be, for a taxation year in respect of any business referred to in clause 190.1(6)(a)(i)(A) is of the greater of (iii) the corporation’s taxable income for the particular year; and (b) the corporation’s unused Part I tax credit and unused surtax credit for a particular taxation year that ends after that time is deductible by the corporation for a taxation year (in this paragraph referred to as the “preceding year”) that ended before that time to the extent of that proportion of the corporation’s tax payable under Part I for the particular year that (i) the amount, if any, by which (A) the total of all amounts each of which is (I) its income under Part I for the particular year from a business that was carried on by the corporation in the preceding year and throughout the particular year for profit or with a reasonable expectation of profit, or (II) where properties were sold, leased, rented or developed or services were rendered in the course of the business of the corporation referred to in subdivision (I) at the time of the acquisition, its income under Part I for the particular year from any other business all or substantially all of the income of which was derived from the sale, leasing, rental or development, as the case may be, of similar properties or the rendering of similar services (B) the total of all amounts each of which is an amount deducted under paragraph 111(1)(a) or 111(1)(d) in computing its taxable income for the particular year in respect of a non-capital loss or a farm loss, as the case may be, for a taxation year in respect of any business referred to in clause 190.1(6)(b)(i)(A) is of the greater of (iii) the corporation’s taxable income for the particular year. Taxable capital employed in Canada
83(2), n’a pas été incluse dans le calcul du revenu de la société; c) les sommes représentant chacune une somme qui était à inclure selon le présent alinéa, dans sa version applicable à une année d’imposition terminée avant le 28 février 2000;
(a) in the case of a financial institution other than a life insurance corporation, that proportion of its taxable capital for the year that its Canadian assets at the end of the year is of its total assets at the end of the year; (b) in the case of a life insurance corporation that was resident in Canada at any time in the year, the total of (i) that proportion of the amount, if any, by which the total of (A) its taxable capital for the year, and (B) the amount prescribed for the year in respect of the corporation (C) the amount prescribed for the year in respect of the corporation that its Canadian reserve liabilities as at the end of the year is of the total of (D) its total reserve liabilities as at the end of the year, and (E) the amount prescribed for the year in respect of the corporation; and (c) in the case of a life insurance corporation that was non-resident throughout the year, its taxable capital for the year.
c.1) L’excédent éventuel du montant suivant : (i) la moitié du total des montants représentant chacun un montant à inclure en application de l’alinéa 14(1)b) (dans sa version applicable avant 2017) dans le calcul du revenu de la société, relativement à une entreprise qu’elle exploite, pour une année d’imposition comprise dans la période et terminée après le 17 octobre 2000 et avant le 28 février 2000; (ii) si la société a établi qu’une somme est devenue une créance irrécouvrable au cours d’une année d’imposition comprise dans la période et terminée après le 17 octobre 2000 et avant le 28 février 2000 et a déduit un montant au titre de cette somme en application du paragraphe 20(4.2), ou si elle a subi une perte en capital déductible pour une telle année par l’effet du paragraphe 20(4.3), le montant obtenu par la formule suivante : V + W où : V représente la moitié de la valeur de l’élément A de la formule figurant au paragraphe 20(4.2), déterminée relativement à la société pour la dernière année d’imposition semblable terminée dans la période, W le tiers de la valeur de l’élément B de cette formule, déterminée relativement à la société pour cette dernière année d’imposition, (iii) dans les autres cas, zéro;
c.2) L’excédent éventuel du montant suivant : (i) le total des montants représentant chacun un montant à inclure en application de l’alinéa 14(1)b) (dans sa version applicable avant 2017) ou du sous-alinéa 13(38)d)(iii) dans le calcul du revenu de la société, relativement à une entreprise qu’elle exploite, pour une année d’imposition comprise dans la période et se terminant après le 17 octobre 2000, sur le montant applicable suivant : A – B (iii) si la société a établi qu’une somme est devenue une créance irrécouvrable au cours d’une année d’imposition comprise dans la période et se terminant après le 17 octobre 2000 et a déduit un montant au titre de cette somme en application du paragraphe 20(4.2), ou si elle a une perte en capital déductible pour une telle année par l’effet du paragraphe 40(3.4), le montant obtenu par la formule suivante : X + Y où : X représente la valeur de l’élément A de la formule figurant au paragraphe 20(4.2), déterminée relativement à la société pour la dernière année d’imposition semblable terminée dans la période, Y le tiers de la valeur de l’élément B de cette formule, déterminée relativement à la société pour cette dernière année d’imposition, (iii) dans les autres cas, zéro, d) l’excédent éventuel du total des montants suivants : (i) les montants dont chacun représente le produit d’une police d’assurance-vie dont la société était bénéficiaire au plus tard le 28 juin 1982 que la société a reçu au cours de la période et après 1971 par suite du décès d’une personne, (ii) les montants dont chacun représente le produit d’une police d’assurance-vie (sauf une police RAL) dont la société n’était pas bénéficiaire au plus tard le 28 juin 1982 que la société a reçu au cours de la période après le 23 mai 1985 par suite du décès d’une personne, sur le total des montants dont chacun représente : (iii) le coût de base rajusté (s’entendant au présent alinéa au sens du paragraphe 148(9)) immédiatement avant : (A) si le décès survient après le 22 mars 2016, d’une police mentionnée au sous-alinéa (i) ou (ii) pour la société, (B) si le décès survient après le 21 mars 2016, d’un intérêt d’un titulaire de police dans une police mentionnée au sous-alinéa (i) ou (ii), (iv) si la police est une police 10/8 immédiatement avant le décès et que le décès survient après 2013, le montant impayé, immédiatement avant le décès, de l’emprunt visé au sous-alinéa a)(i) de la définition Income Tax PART I Income Tax DIVISION B Computation of Income
(a) in the case of a financial institution, other than an authorized foreign bank or a life insurance corporation, the amount, if any, by which the total at the end of the year of (i) the amount of its long-term debt, (ii) the amount of its capital stock (or, in the case of an institution incorporated without share capital, the amount of its members’ contributions), retained earnings, contributed surplus and any other surpluses, and (iii) the amount of its reserves, except to the extent that they were deducted in computing its income under Part I for the year, exceeds the total at the end of the year of (iv) the amount of its deferred tax debit balance, and (v) the amount of any deficit deducted in computing its shareholders’ equity (including, for this purpose, the amount of any provision for the redemption of preferred shares); (b) in the case of a life insurance corporation that was resident in Canada at any time in the year, the amount determined by the formula A is the amount of the corporation’s long-term debt at the end of the year, B is the total amount, at the end of the year, of the corporation’s (i) capital stock (or, in the case of an insurance corporation incorporated without share capital, the amount of its members’ contributions), (iii) accumulated other comprehensive income, (v) contributed surplus, and C is the total of all amounts each of which is the contractual service margin for a group of insurance contracts of the corporation at the end of the year other than a group of segregated fund policies, D is the total of all amounts each of which is the amount, in respect of a group of reinsurance contracts held by the corporation at the end of the year, that is (i) if no portion of the contractual service margin for the group is in respect of a risk under a segregated fund policy, the contractual service margin for the group, and (ii) in any other case, the amount that would be the contractual service margin for the group if the contractual service margin were determined excluding any portion that is in respect of the reinsurance of risk under a segregated fund policy, and E is the amount of any deficit deducted in computing the shareholders’ equity (including, for this purpose, the amount of any provision for the redemption of preferred shares) at the end of the year, (c) in the case of a life insurance corporation that was non-resident throughout the year, the total at the end of the year of (i) the amount that is the greater of (A) the amount, if any, by which (I) its surplus funds derived from operations (as defined in subsection 138(12)) as of the end of the year, computed as if no tax were payable under Part I.3 or this Part for the year exceeds the total of all amounts each of which is (II) an amount on which it was required to pay, or would but for subsection 219(5.2) have been required to pay, tax under Part XIV for a preceding taxation year, except the portion, if any, of the amount on which tax was payable, or would have been payable, because of subparagraph 219(4)(a)(i.1), and (III) an amount on which it was required to pay, or would but for subsection 219(5.2) have been required to pay, tax under subsection 219(5.1) for the year because of the transfer of an insurance business to which subsection 138(11.5) or 138(11.92) has applied, and (B) its attributed surplus for the year, (ii) any other surpluses relating to its insurance businesses carried on in Canada, (iii) the amount of its long-term debt that can reasonably be regarded as relating to its insurance businesses carried on in Canada; and (i) 10% of the total of all amounts, each of which is the risk-weighted amount at the end of the year of an on-balance sheet asset or an off-balance sheet exposure of the bank in respect of its Canadian banking business that the bank would be required to report under the OSFI risk-weighting guidelines if those guidelines applied and required a report at that time, and (ii) the total of all amounts, each of which is an amount at the end of the year in respect of the bank’s Canadian banking business that (A) if the bank were a bank listed in Schedule II to the Bank Act, would be required under the risk-based capital adequacy guidelines issued by the Superintendent of Financial Institutions and applicable at that time to be deducted from the bank’s capital in determining the amount of capital available to satisfy the Superintendent’s requirement that capital equal a particular proportion of risk-weighted assets and exposures, and (B) is not an amount in respect of a loss protection facility required to be deducted from capital under the Superintendent’s guidelines respecting asset securitization applicable at that time. Investment in related institutions
where exceeds A × B where --- Impôt sur le revenu
(a) in the case of a corporation that was resident in Canada at any time in the year, the total of all amounts each of which is the carrying value (or in the case of contributed surplus, the amount) at the end of the year of an eligible investment of the corporation in the financial institution; (b) in the case of a life insurance corporation that was non-resident throughout the year, the total of all amounts each of which is the carrying value (or is, in the case of contributed surplus, the amount) at the end of the year of an eligible investment of the corporation in the financial institution that was used or held by the corporation in the year in the course of carrying on an insurance business in Canada (or that, in the case of contributed surplus, was contributed by the corporation in the course of carrying on that business); and (c) in the case of a corporation that is an authorized foreign bank, the total of all amounts each of which is the amount at the end of the year, before the application of risk weights, that would be required to be reported under the OSFI risk-weighting guidelines if those guidelines applied and required a report at that time, of an eligible investment of the corporation in the financial institution that was used or held by the corporation in the year in the course of carrying on its Canadian banking business or, in the case of an eligible investment that is contributed surplus of the financial institution at the end of the year, the amount of the surplus contributed by the corporation in the course of carrying on that business.
For the purpose of subsection (1), an eligible investment of a corporation in a financial institution is a share of the capital stock or long-term debt (and, where the corporation is an insurance corporation, is non-segregated property within the meaning assigned by subsection 138(12)) of the financial institution or any surplus of the financial institution contributed by the corporation (other than an amount otherwise included as a share or debt) if the financial institution at the end of the year is (a) related to the corporation; and (b) resident in Canada or can reasonably be regarded as using the surplus or the proceeds of the share or debt in a business carried on by the financial institution through a permanent establishment (as defined by regulation) in Canada.
Related financial institution
A corporation that is a financial institution at any time during a taxation year and that was related to another financial institution at the end of the year may file with the Minister an agreement in prescribed form on behalf of the related group of which the corporation is a member under which an amount that does not exceed $1 billion is allocated among the members of the related group for the taxation year. Allocation by Minister
de police 10/8 au paragraphe 248(1) relativement à la police, (v) si le décès survient après le 21 mars 2016 et qu’un intérêt dans la police a fait l’objet d’une disposition — à laquelle le paragraphe 148(7) s’est appliqué — par un titulaire de police (sauf une société canadienne imposable) après 1999 mais avant le 22 mars 2016, le total des sommes suivantes : (A) l’excédent éventuel de la juste valeur marchande de la contrepartie donnée relativement à la disposition sur le total des sommes suivantes : (I) la plus élevée de la somme déterminée en application du sous-alinéa 148(7)(a)(i) relativement à la disposition et de la juste valeur que le coût de base rajusté pour le titulaire de police immédiatement avant la disposition, (II) le montant qui, par l’effet des alinéas 148(7)c) et f), est réputé en réduction du 22 mars 2016, relativement à la disposition, du capital versé relatif à une catégorie d’actions du capital-actions d’une société déterminée avant la disposition, (B) si le capital versé relatif à une catégorie d’actions du capital-actions d’une société a été augmenté avant le 22 mars 2016 de la manière visée au sous-alinéa 148(7)f)(ii) relativement à la disposition, l’excédent éventuel de la réduction totale du capital versé relatif à cette catégorie qui ne peut dépasser le montant de cette augmentation — cette somme étant déterminée au 22 mars 2016 de la même manière ou non en tenant de la réduction était réputé, par les paragraphes 84(4) ou 4.1), être un dividende reçu par un contribuable) sur la somme déterminée en application du sous-alinéa 148(7)a)(i) relativement à la disposition, (vi) si le décès survient après le 21 mars 2016 et qu’un intérêt dans la police a fait l’objet d’une disposition — à laquelle le paragraphe 148(7) s’est appliqué — par un titulaire de police (sauf une société canadienne imposable) après 1999 mais avant le 22 mars 2016, la somme obtenue par la formule suivante : A - B où : A représente l’excédent éventuel de la moins élevée de la somme qui est le coût de base rajusté pour le titulaire de police de l’intérêt immédiatement avant la disposition et de la juste valeur (d) a replacement property (within the meaning assigned by section 44) for a designated property disposed of by virtue of an event referred to in paragraph (b), (c) or (d) of the definition proceeds of disposition in section 54; (bien désigné) eligible dividend means marchande de la contrepartie donnée relativement à une disposition sur la somme déterminée en vertu du sous-alinéa 48(7a)(i) relativement à la disposition, B la valeur absolue de la somme négative éventuelle qui serait, compte non tenu de l’article 257, le coût de base rajusté, immédiatement avant la date, de l’intérêt dans la police; e) le montant du compte de dividendes en capital d’assurance-vie de la société immédiatement avant le 24 mai 1985, sur le total des dividendes en capital devenus payables par la société après le début de la période et avant ce moment; f) le total des montants représentant chacun un montant relatif à une distribution qu’une fiducie a effectuée sur ses gains en capital en faveur de la société au cours de la période et avant le 16 septembre 2016, dont le montant est égal au moins élevé des montants suivants : (i) l’excédent du montant visé à la division (A) sur le montant visé à la division (B) : (A) le montant de la fiducie attribué à la société en application du paragraphe 104(21) (sauf s’il s’agit d’une attribution à laquelle s’applique le paragraphe 104(21.4), dans sa version applicable à la dernière année d’imposition de la société ayant commencé avant novembre 2001) sur ses gains en capital imposables nets qui sont imputés aux gains en capital en question, (B) le montant mentionné à la division (j)(B); (ii) le montant obtenu par la formule suivante : A × B où : A représente le nombre entier ou la fraction obtenue lorsqu’il est soustrait de l’inverse de la fraction figurant à l’alinéa 38a) qui s’applique à la fiducie pour l’année, B le montant mentionné à la division (j)(B); g) le total des montants représentant chacun un montant relatif à une distribution qu’une fiducie a effectuée en faveur de la société au cours de la période au titre d’un dividende (sauf un dividende imposable) qui a été versé à la fiducie au cours d’une année d’imposition de celle-ci où tout ou partie de la société était au Canada, sur une action du capital-actions d’une autre société résidant au Canada, et dont le montant est égal au moins élevé des montants suivants : Income Tax PART I Income Tax DIVISION B Computation of Income
The Minister may request a corporation that is a financial institution at any time during a taxation year and that was related to another financial institution at the end of the year to file with the Minister an agreement referred to in subsection (2), and if the corporation does not file such an agreement within 30 days after receiving the request, the Minister may allocate an amount among the members of the related group of which the corporation is a member for the year not exceeding $1 billion.
(A - B) × C/A where A × B/C where Impôt sur le revenu
For the purposes of this Part, the least amount allocated for a taxation year to each member of a related group under an agreement described in subsection 190.15(2) or by the Minister pursuant to subsection 190.15(3) is the capital deduction for the taxation year of that member, but, if no such allocation is made, the capital deduction of each member of the related group for that year is nil.
Where a corporation (in this subsection referred to as the “first corporation”) has more than one taxation year ending in the same calendar year and is related in 2 or more of those taxation years to another corporation that has a taxation year ending in that calendar year, the capital deduction of the first corporation for each such taxation year at the end of which it is related to the other corporation is, for the purposes of this Part, an amount equal to its capital deduction for the first such taxation year.
Two corporations that would, but for this subsection, be related to each other solely because of (a) the control of any corporation by Her Majesty in right of Canada or a province, or are, for the purposes of this section and section 190.14, deemed not to be related to each other except that, where at any time a taxpayer has a right referred to in paragraph 251(5)(b) with respect to shares and it can reasonably be considered that one of the main purposes for the acquisition of the right was to avoid any limitation on the amount of a corporation’s capital deduction for a taxation year, for the purpose of determining whether a corporation is related to any other corporation, the corporations are, for the purpose of this section, deemed to be in the same position in relation to each other as if the right were immediate and absolute and as if the taxpayer had exercised the right at that time. (NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.) (NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.)
(NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.)
(i) le montant de la distribution, (ii) le montant que la fiducie a attribué à la société en application du paragraphe 104(20) au titre du dividende, sur le total des dividendes en capital devenus payables par la société après le début de la période et avant le moment donné. (capital dividend account) compte de revenu à taux général Le compte de revenu à taux général, à la fin d’une année d’imposition donnée, d’une société canadienne imposable qui est une société privée sous contrôle canadien ou une compagnie d’assurance-dépôts au cours de cette année correspond à une somme positive ou négative obtenue par la formule suivante : A - B où : A représente la somme positive ou négative obtenue par la formule ci-après, avant la prise en compte des conséquences fiscales déterminées pour l’année donnée : C + D + E + F - G où : C représente le compte de revenu à taux général de la société à la fin de son année d’imposition précédente; D le produit de la multiplication du facteur du taux général applicable à la société pour l’année donnée par son revenu imposable rajusté pour cette année; E le total des sommes représentant chacune : a) un dividende déterminé reçu par la société au cours de l’année donnée; b) une somme déduite en application de l’article 113 dans le calcul du revenu imposable de la société pour l’année donnée; F le total des sommes déterminées en application des paragraphes (4) à (6) relativement à la société pour l’année donnée; G : a) sauf en cas d’application de l’alinéa b), l’excédent de la somme visée au sous-alinéa (i) sur celle visée au sous-alinéa (ii) : (i) le total des sommes représentant chacune le montant d’un dividende déterminé versé par la société au cours de son année d’imposition précédente, (d) that proportion of 0.72 that the number of days in the taxation year that are after 2011 is of the number of days in the taxation year; (facteur du taux général) A – B where C + D + E + F – G where G is (ii) le total des sommes représentant chacune le montant d’une désignation excessive de dividende déterminé effectuée par la société au cours de son année d’imposition précédente; b) si le paragraphe (4) s’applique à la société au cours de l’année donnée, zéro; B la somme obtenue par la formule suivante : H × (I – J) où : H représente le facteur du taux général applicable à la société pour l’année donnée; I le total des revenus imposables au taux complet (au sens de la définition de revenu imposable au taux complet au paragraphe 123.4(1), mais compte non tenu de ses sous-alinéas a)(i) à (iii)), de la société pour ces années précédentes. (general rate income pool) compte de revenu à taux réduit Le compte de revenu à taux réduit, à un moment donné d’une année d’imposition donnée, d’une société donnée résidant au Canada qui n’est ni une société privée sous contrôle canadien ni une compagnie d’assurance-dépôts au cours de l’année correspond à la somme obtenue par la formule suivante : (A + B + C + D + E + F) - (G + H) où : A représente le compte à taux réduit de la société donnée à la fin de son année d’imposition précédente; B le total des sommes représentant chacune une somme déductible en application de l’article 112 dans le calcul du revenu imposable de la société donnée pour l’année ou d’une année d’imposition imposable (sauf un dividende déterminé qui est devenu payable, au cours de l’année ou d’une année précédente, à cette société par une société résidant au Canada); C le total des sommes déterminées selon les paragraphes (8) à (10) relativement à la société donnée pour l’année donnée; H × (I – J) where (A + B + C + D + E + F) ÷ (G + H) where D : a) dans le cas où la société donnée était une SPCC en substance à un moment donné au cours de son année d’imposition précédente ou serait, en l’absence de l’alinéa (b) de la définition de société privée sous contrôle canadien au paragraphe 125(7), une société privée sous contrôle canadien au cours de son année d’imposition précédente, 80 % de son revenu de placement total pour son année d’imposition précédente, b) dans les autres cas, zéro; E : a) si la société donnée n’était pas une société privée sous contrôle canadien au cours de son année d’imposition précédente, 80 % du total de la multiplication de la somme qu’elle a déduite en application du paragraphe 125(1) pour cette année par le quotient de 100 par le taux de la déduction prévue à ce paragraphe pour cette même année, b) dans les autres cas, zéro; F : a) si la société donnée était une société de placement déterminée pour son année d’imposition précédente, un montant égal à la somme des montants suivants : (i) le montant inclus à l’élément D au cours de l’année donnée, (ii) la fraction du dividende imposable qui n’a pas réduit le compte de revenu à taux réduit de la société donnée dans l’année d’imposition précédente; H le total des sommes représentant chacune un montant d’une désignation excessive de dividende déterminé. Income Tax PART I Income Tax DIVISION B Computation of Income
D is E is F is effectuée par la société donnée au cours de l’année donnée mais avant le moment donné. (low rate income pool) désignation excessive de dividende déterminé Est une désignation excessive de dividende déterminé effectuée par une société relativement à un dividende déterminé qu’elle a versé à un moment donné d’une année d’imposition : a) sauf dans le cas où l’alinéa c) s’applique au dividende, si la société est, au cours de l’année, une société privée sous contrôle canadien ou une compagnie d’assurance-dépôts, la somme obtenue par la formule suivante : (A - B) × C/A où : A représente le total des sommes représentant chacune le montant de tout dividende déterminé versé par la société au cours de l’année, B zéro ou, s’il est plus élevé, le compte de revenu à taux réduit de la société à la fin de l’année, C le montant du dividende déterminé, b) sauf dans le cas où l’alinéa c) s’applique au dividende, si la société n’est pas visée à l’alinéa a), la somme obtenue par la formule suivante : A × B/C où : A représente la moins élevée des sommes suivantes : (i) le total des sommes représentant chacune un dividende déterminé versé par la société au moment donné, (ii) le compte de revenu à taux réduit de la société à ce moment, B le montant du dividende déterminé, C la somme déterminée selon le sous-alinéa a)(ii) de l’élément A; c) une somme égale au montant du dividende déterminé, s’il est raisonnable de considérer que celui-ci a été versé dans le cadre d’une opération, ou d’une série d’opérations, dont l’un des principaux objets consistait à maintenir ou à augmenter artificiellement le compte de revenu à taux réduit de la société ou à maintenir ou à diminuer artificiellement son compte de revenu à taux réduit. (excessive eligible dividend designation) dividende déterminé exceeds a) La somme qui correspond à la partie d’un dividende imposable qui est, à la fois, reçue par une personne résidant au Canada, versée par une société résidant au Canada et désignée à titre de dividende déterminé conformément au paragraphe (14); b) en ce qui concerne une personne résidant au Canada, toute somme qui est réputée, en vertu des paragraphes 96.1(11) ou 104(16), être un dividende imposable reçu par la personne. (eligible dividend) dividende imposable Dividende autre : a) qu’un dividende relativement auquel la société qui le verse a fait soit le choix prévu au paragraphe 83(1) dans sa version antérieure à 1979, soit le choix prévu au paragraphe 83(2); b) qu’un dividende admissible versé par une société publique aux actionnaires d’une catégorie précise d’actions privilégiées à imposition différée de la société, au sens du paragraphe 83(1). (taxable dividend) facteur du taux général Le facteur du taux général applicable à une société pour une année d’imposition correspond à : a) la proportion de 0,68 que représente le nombre de jours de l’année d’imposition qui sont antérieurs à 2010 par rapport au nombre total de jours de l’année d’imposition; b) la proportion de 0,69 que représente le nombre de jours de l’année d’imposition qui sont 2010 par rapport au nombre total de jours de l’année d’imposition; c) la proportion de 0,70 que représente le nombre de jours de l’année d’imposition qui sont en 2011 par rapport au nombre total de jours de l’année d’imposition; d) la proportion de 0,72 que représente le nombre de jours de l’année d’imposition qui sont postérieurs à 2011 par rapport au nombre total de jours de l’année d’imposition. (general rate factor) revenu imposable rajusté Le revenu imposable rajusté d’une société pour une année d’imposition correspond à la somme obtenue par la formule suivante : A - B - C où : A représente : a) sauf en cas d’application de l’alinéa b), le revenu imposable de la société pour l’année; b) si la société est une compagnie d’assurance-dépôts au cours de l’année, zéro; B le produit de la multiplication de la somme déduite par la société pour l’année en application du paragraphe 125(1) par le quotient de 100 par le taux de déduction prévu par ce paragraphe pour l’année; C: a) si la société est une société privée sous contrôle canadien au cours de l’année, son revenu de placement pour l’année ou, s’il est moins élevé, son revenu imposable rajusté pour l’année; b) sinon, zéro. (adjusted taxable income) société canadienne Au moment donné, société qui réside au Canada et qui : a) soit a été constituée au Canada; b) soit a résidé au Canada tout au long de la période allant du 18 juin 1971 et se terminant à ce moment. société canadienne imposable Société qui, au moment où l’expression est pertinente : a) d’une part, était une société canadienne; b) d’autre part, n’était pas, en vertu d’une disposition législative, exonérée de l’impôt prévu à la présente partie. (taxable Canadian corporation) société privée À un moment donné, société qui, à ce moment, réside au Canada, n’est pas une société publique et n’est pas contrôlée par une ou plusieurs sociétés publiques (sauf des sociétés de capital de risque prescrites par règlement) ou sociétés d’État prévues par règlement, ou par l’une et l’autre de celles-ci; il est entendu que, pour ce qui est de déterminer, à un moment donné, le moment où une société est devenue une société privée pour la dernière fois : a) une société qui était une société privée au début de son année d’imposition 1972 et qui l’a été sans interruption par la suite jusqu’au moment donné est réputée être devenue une société privée pour la dernière fois à la fin de son année d’imposition 1971; b) une société constituée postérieurement à 1971 et qui était une société privée au moment de sa constitution et qui l’a été sans interruption par la suite jusqu’au moment donné est réputée être devenue une société privée pour la dernière fois immédiatement avant le moment de sa constitution. (private corporation) société publique Est une société publique à un moment donné : a) la société qui réside au Canada au moment donné et dont une catégorie d’actions du capital-actions est cotée, à ce moment, à une bourse de valeurs désignée située au Canada; b) la société, sauf une société à capital de risque de travailleurs visée par règlement, qui réside au Canada au moment donné et qui, après le 18 juin 1971 et avant le moment donné, remplit la condition énoncée au sous-alinéa (i) ou qui, après cette date et avant le trentième jour précédant le jour comprenant le moment donné, remplit la condition énoncée au sous-alinéa (ii): (i) elle a choisi, selon les modalités réglementaires, d’être une société publique et, au moment de ce choix, remplissait les conditions réglementaires concernant le nombre de ses actionnaires, la répartition de la propriété de ses actions et le commerce public de celles-ci, (ii) elle a été désignée par le ministre, par avis écrit adressé à son intention, comme étant une société publique et, au moment de cette désignation, les conditions mentionnées au sous-alinéa (i); n’est pas une société publique aux termes du présent alinéa la société qui, après le choix ou la désignation, selon le cas, et avant le moment donné, a cessé d’être une société publique par l’effet du choix ou de la désignation prévu à l’alinéa c); c) une société, sauf une société à capital de risque de travailleurs visée par règlement, qui réside au Canada au moment donné et qui était une société publique après le 18 juin 1971 et avant le moment donné; Application of s. 138(12) Capital dividend account of tax-exempt corporation Application du par. 138(12) (1.01) Les définitions figurant au paragraphe 138(12) s’appliquent au présent article. Compte de dividendes en capital d’une société privée contrôlée (1.1) Lorsque, à un moment donné postérieur au 31 mars 1977, une société qui était, à un moment antérieur, une société privée contrôlée, directement ou indirectement, de quelque manière que ce soit, par une ou plusieurs personnes non-résidentes devient une société privée sous contrôle canadien — autrement qu’à cause d’un changement de résidence de l’un ou de plusieurs de ses actionnaires —, le montant de son compte de dividendes en capital immédiatement avant le moment donné est déduit dans le calcul de son compte de dividendes en capital au moment donné et après ce moment. Compte de dividendes en capital d’une société cessant d’être exonérée d’impôt (1.2) Lorsque, à un moment donné postérieur au 26 novembre 1987, une société cesse d’être exonérée de l’impôt prévu à la présente partie sur son revenu imposable, le montant de son compte de dividendes en capital Income Tax PART I Income Tax DIVISION B Computation of Income
“(a) a deduction under subsection 190.1(3) in respect of any unused surtax credit or unused Part I tax credit (within the meanings assigned by subsection 190.1(5)) for a subsequent taxation year,”
Simultaneous dividends A + B + C - D - E - F - G - H where Impôt sur le revenu
Tax on Corporations Paying Dividends on Taxable Preferred Shares excluded dividend means a dividend (a) paid by a corporation to a shareholder that had a substantial interest in the corporation at the time the dividend was paid, (b) paid by a corporation that was a financial intermediary corporation or a private holding corporation at the time the dividend was paid, (c) paid by a particular corporation that would, but for paragraphs (h) and (i) of the definition financial intermediary corporation in this subsection, have been a financial intermediary corporation at the time the dividend was paid, except where the dividend was paid to a controlling corporation in respect of the particular corporation or to a specified person (within the meaning assigned by paragraph (h) of the definition taxable preferred share in subsection 248(1)) in relation to such a controlling corporation, (e) that is a capital gains dividend within the meaning assigned by subsection 131(1); (dividende exclu) financial intermediary corporation means a corporation that is (a) a corporation described in subparagraph (b)(ii) of the definition retirement savings plan in subsection 146(1), (b) an investment corporation, (c) a mortgage investment corporation, but does not include (h) a corporation that is controlled by or for the benefit of one or more corporations (each of which is referred to in this subsection as a “controlling corporation”) other than financial intermediary corporations or private holding corporations unless the controlling corporations and specified persons (within the meaning assigned by paragraph (h) of the definition taxable preferred share in subsection 248(1)) in relation to the controlling corporations do not own in the aggregate shares of the capital stock of the corporation having a fair market value of more than 10% of the fair market value of all of the issued and outstanding shares of the capital stock of the corporation (those fair market values being determined without regard to any voting rights attaching to those shares), or (i) any particular corporation in which another corporation (other than a financial intermediary corporation or a private holding corporation) has a substantial interest unless the other corporation and specified persons (within the meaning assigned by paragraph (h) of the definition taxable preferred share in subsection 248(1)) in relation to the other corporation do not own in the aggregate shares of the capital stock of private holding corporation means a private corporation the only undertaking of which is the investing of its funds, but does not include (b) any particular corporation that owns shares of another corporation in which it has a substantial interest, except where the other corporation would, but for that substantial interest, be a financial intermediary corporation or a private holding corporation, or (c) any particular corporation in which another corporation owns shares and has a substantial interest, except where the other corporation would, but for that substantial interest, be a private holding corporation. (société de portefeuille privée) Substantial interest
For the purposes of this Part, a shareholder has a substantial interest in a corporation at any time if the corporation is a taxable Canadian corporation and (a) the shareholder is related (otherwise than by reason of a right referred to in paragraph 251(5)(b)) to the corporation at that time; or (b) the shareholder owned, at that time, (i) shares of the capital stock of the corporation that would give the shareholder 25% or more of the votes that could be cast under all circumstances at an annual meeting of shareholders of the corporation, (ii) shares of the capital stock of the corporation having a fair market value of 25% or more of the fair market value of all the issued shares of the capital stock of the corporation, and either (iii) shares (other than shares that would be taxable preferred shares if the definition taxable preferred share in subsection 248(1) were read without reference to subparagraph (b)(iv) thereof and if they were issued after June 18, 1987 and were not grandfathered shares) of the capital stock of the corporation having a fair market value of 25% or more of the fair market value of all those shares of the capital stock of the corporation, or (iv) in respect of each class of shares of the capital stock of the corporation, shares of that class having a fair market value of 25% or more of the fair market value of all the issued shares of that class, and for the purposes of this paragraph, a shareholder shall be deemed to own at any time each share of the capital stock of a corporation that is owned, otherwise than by reason of this paragraph, at that time by a person to whom the shareholder is related (otherwise than by reason of a right referred to in paragraph 251(5)(b)). (a) where it can reasonably be considered that the principal purpose for a person acquiring an interest that would, but for this subsection, be a substantial interest in a corporation is to avoid or limit the application of Part I or IV.1 or this Part, the person shall be deemed not to have a substantial interest in the corporation; (b) where it can reasonably be considered that the principal purpose for an acquisition of a share of the capital stock of a corporation (in this paragraph referred to as the “issuer”) by any person (in this paragraph referred to as the “acquirer”) who had, immediately after the time of the acquisition, a substantial interest in the issuer from another person who did not, immediately before that time, have a substantial interest in the issuer, was to avoid or limit the application of Part I or IV.1 or this Part with respect to a dividend on the share, the acquirer and specified persons (within the meaning assigned by paragraph (h) of the definition taxable preferred share in subsection 248(1)) in relation to the acquirer shall be deemed not to have a substantial interest in the issuer with respect to any dividend paid on the share; (c) a corporation described in paragraphs (a) to (f) of the definition financial intermediary corporation in subsection 191(1) shall be deemed not to have a substantial interest in another corporation unless it is related (otherwise than by reason of a right referred to in paragraph 251(5)(b)) to the other corporation; Restrictions (i) a partnership all the members of which are related to each other otherwise than by reason of a right referred to in paragraph 251(5)(b), (ii) a trust in which each person who is beneficially interested is (A) related (otherwise than because of a right referred to in paragraph 251(5)(b)) to each other person who is beneficially interested in the trust and who is not a registered charity, or and for the purpose of this subparagraph, where a particular person who is beneficially interested in the trust is an aunt, uncle, niece or nephew of another person, the particular person and any person who is a child or descendant of the particular person shall be deemed to be related to the other person and to any person who is the child or descendant of the other person, or (iii) a trust in which only one person (other than a registered charity) is beneficially interested, shall be deemed not to have a substantial interest in a corporation; and (e) where at any time a shareholder holds a share of the capital stock of a corporation to which paragraph (g) of the definition taxable preferred share in subsection 248(1) or paragraph (e) of the definition taxable RFI share in that subsection applies to deem the share to be a taxable preferred share or a taxable RFI share, the shareholder shall be deemed not to have a substantial interest in the corporation at that time. (a) a share of the capital stock of a corporation is issued, (b) the terms or conditions of a share of the capital stock of a corporation are changed, or (c) an agreement in respect of a share of the capital stock of a corporation is changed or entered into, and the terms or conditions of the share or the agreement in respect of the share specify an amount in respect of the share, including an amount for which the share is to be redeemed, acquired or cancelled (together with, where so provided, any accrued and unpaid dividends thereon) and where paragraph 191(4)(a) applies, the specified amount does not exceed the fair market value of
the consideration for which the share was issued, and where paragraph 191(4)(b) or 191(4)(c) applies, the specified amount does not exceed the fair market value of the share immediately before the particular time, the amount of any dividend deemed to have been paid on a redemption, acquisition or cancellation of the share to which subsection 84(2) or 84(3) applies shall (i) where paragraph 191(4)(a) applies, the share was issued for consideration that included a taxable preferred share, or (ii) where paragraph 191(4)(b) or 191(4)(c) applies, the share was, immediately before the particular time, a taxable preferred share, and (i) where paragraph 191(4)(a) applies, the share was issued for consideration that included a term preferred share or for the purpose of raising capital or as part of a series of transactions or events the purpose of which was to raise capital, and (ii) where paragraph 191(4)(b) or 191(4)(c) applies, the share was, immediately before the particular time, a term preferred share, or the terms or conditions of the share were changed, or the agreement in respect of the share was changed or entered into for the purpose of raising capital or as part of a series of transactions or events the purpose of which was to raise capital.
Subsection (4) does not apply to the extent that the total of (a) the amount paid on the redemption, acquisition or cancellation of the share, and (b) all amounts each of which is an amount (other than an amount deemed by subsection 84(4) to be a dividend) paid, after the particular time and before the redemption, acquisition or cancellation of the share, on a reduction of the paid-up capital of the corporation in respect of the share
immédiatement après le moment donné — calculé compte non tenu du présent paragraphe — doit être déduit dans le calcul de son compte de dividendes en capital au moment donné et après ce moment. Cas où une société est un bénéficiaire
If at any time a corporation pays a dividend to a partnership, the corporation is, for the purposes of this subsection and paragraph (a) of the definition excluded dividend in subsection (1), deemed to have paid at that time to each member of the partnership a dividend equal to the amount determined by the formula A is the amount of the dividend paid to the partnership; and B is the member’s specified proportion for the last fiscal period of the partnership that ended before that time (or, if the partnership’s first fiscal period includes that time, for that first fiscal period). Tax on taxable dividends
Pour l’application du présent article : a) lorsqu’une société était un bénéficiaire en vertu d’une police d’assurance-vie le 28 juin 1982, elle est réputée ne pas avoir été un bénéficiaire en vertu d’une telle police au plus tard le 28 juin 1982, si à un moment donné après le 1er décembre 1982, une prime prévue a été payée en vertu de la police ou s’il y a eu une augmentation prévue de la prestation de décès en vertu de la police; b) lorsqu’une société devient un bénéficiaire en vertu d’une police d’assurance-vie, suite à une fusion ou une liquidation à laquelle s’applique le paragraphe 87(1) ou 88(1), elle est réputée avoir été un bénéficiaire en vertu de la police tout au long de la période au cours de laquelle la société remplacée ou les filiales, selon le cas, étaient bénéficiaires en vertu de la police. Dividendes simultanés
(i) the amount determined by multiplying the amount by which the total of all taxable dividends (other than excluded dividends) paid by the corporation in the year and after 1987 on short-term preferred shares exceeds the corporation’s dividend allowance for the year, by (A) 50% for dividends paid in a taxation year that ends before 2010, (B) 45% for dividends paid in a taxation year that ends after 2009 and before 2012, (C) 40% for dividends paid in a taxation year that ends after 2011, (ii) 40% of the amount, if any, by which the total of all taxable dividends (other than excluded dividends) paid by the corporation in the year and after 1987 on taxable preferred shares (other than short-term preferred shares) of all classes in respect of which an election under subsection 191.2(1) has been made exceeds the amount, if any, by which the corporation's dividend allowance for the year exceeds the total of the dividends referred to in subparagraph 191.1(1)(a)(i), (iii) 25% of the amount, if any, by which the total of all taxable dividends (other than excluded dividends) paid by the corporation in the year and after 1987 on taxable preferred shares (other than short-term preferred shares) of all classes in respect of which an election under subsection 191.2(1) has not been made exceeds the amount, if any, by which the corporation's dividend allowance for the year exceeds the total of the dividends referred to in subparagraphs 191.1(1)(a)(i) and 191.1(1)(a)(ii), and (iv) the total of all amounts each of which is an amount determined for the year in respect of the corporation under paragraph 191.3(1)(d) (b) the total of all amounts each of which is an amount determined for the year in respect of the corporation under paragraph 191.3(1)(c).
Lorsqu’un dividende devient payable en même temps sur plus d’une catégorie d’actions du capital-actions d’une société, pour l’application des articles 83, 84 et 88, le dividende relatif à l’une quelconque de ces catégories d’actions est réputé ne pas devenir payable au même moment que le dividende relatif à l’autre ou aux autres catégories d’actions et devenir payable dans l’ordre indiqué : a) par la société, au plus tard le jour où elle est tenue de produire sa déclaration de revenu pour son année d’imposition au cours de laquelle de tels dividendes deviennent payables; b) par le ministre, dans les autres cas. Majoration du compte de revenu à taux général — société devenue SPCC
For the purposes of this section, a taxable Canadian corporation's dividend allowance for a taxation year is the amount, if any, by which (b) the amount, if any, by which the total of taxable dividends (other than excluded dividends) paid by it on taxable preferred shares, or shares that would be taxable preferred shares if they were issued after June 18, 1987 and were not grandfathered shares, in the calendar year immediately preceding the calendar year in which the taxation year ended exceeds $1,000,000, unless the corporation is associated in the taxation year with one or more other taxable Canadian corporations, in which case, except as otherwise provided in this section, its dividend allowance for the year is nil. Associated corporations
La société qui est une société privée sous contrôle canadien ou une compagnie d’assurance-dépôts au cours d’une année d’imposition donnée et qui, au cours de son année d’imposition précédente, était une société résidant au Canada mais n’était pas une société privée sous contrôle canadien ou une compagnie d’assurance-dépôts, peut inclure dans le calcul de son compte de revenu à taux général à la fin de l’année donnée la somme obtenue par la formule suivante : A + B + C - D - E - F - G - H où : A B C exceeds D E F G H GRIP addition — post-amalgamation A représente le total des sommes représentant chacune le coût indiqué d’un bien pour la société immédiatement avant la fin de son année d’imposition précédente; B toute somme d’argent que la société avait en mains immédiatement avant la fin de son année d’imposition précédente, C l’excédent éventuel de la somme visée à l’alinéa a) sur la somme visée à l’alinéa b) : a) le total des sommes qui auraient été déductibles en application du paragraphe 111(1) dans le calcul du revenu imposable de la société pour son année d’imposition précédente si elle avait eu, pour cette année, un revenu illimité provenant de chaque entreprise qu’elle exploitait, ou de chaque bien qu’elle détenait, au cours de cette année, et avait réalisé, pour cette année, un montant illimité de gains en capital, b) le total des sommes déduites en application du paragraphe 111(1) dans le calcul du revenu imposable de la société pour son année d’imposition précédente; D le total des sommes représentant chacune le montant de toute dette de la société, ou de toute autre obligation de la société de payer une somme, qui était impayée immédiatement avant la fin de son année d’imposition précédente; E le capital versé, immédiatement avant la fin de l’année d’imposition précédente de la société, au titre de l’ensemble des actions émises et en circulation de son capital-actions; F le total des sommes représentant chacune une provision déduite dans le calcul du revenu de la société pour son année d’imposition précédente; G le compte de dividendes en capital, s’il y a lieu, de la société immédiatement avant la fin de son année d’imposition précédente; H le compte de revenu à taux réduit de la société immédiatement avant la fin de son année d’imposition précédente. Compte de revenu à taux général — société fusionnée
If all of the taxable Canadian corporations that are associated with each other in a taxation year and that have paid taxable dividends (other than excluded dividends) on taxable preferred shares in the year have filed with the Minister in prescribed form an agreement whereby, for the purposes of this section, they allocate an amount to one or more of them for the taxation year, and the amount so allocated or the total of the amounts so allocated, as the case may be, is equal to the total dividend
La société privée sous contrôle canadien ou la compagnie d’assurance-dépôts (appelées « nouvelle société » au présent paragraphe) issue de la fusion, au sens du paragraphe 87(1), est tenue d’inclure dans le calcul de son compte de revenu à taux général à la fin de sa première année d’imposition le total des sommes représentant chacune : Income Tax PART I Income Tax DIVISION B Computation of Income
allowance for the year of those corporations and all other taxable Canadian corporations with which each such corporation is associated in the year, the dividend allowance for the year for each of the corporations is the amount so allocated to it.
A - B where exceeds A + B + C - D - E - F - G - H where exceeds Impôt sur le revenu
For the purposes of this section, the total dividend allowance of a group of taxable Canadian corporations that are associated with each other in a taxation year is the amount, if any, by which (b) the amount, if any, by which the total of taxable dividends (other than excluded dividends) paid by those corporations on taxable preferred shares, or shares that would be taxable preferred shares if they were issued after June 18, 1987 and were not grandfathered shares, in the calendar year immediately preceding the calendar year in which the taxation year ended exceeds $1,000,000. Failure to file agreement
If any of the taxable Canadian corporations that are associated with each other in a taxation year and that have paid taxable dividends (other than excluded dividends) on taxable preferred shares in the year has failed to file with the Minister an agreement as forewarned by subsection 191.1(3) within 30 days after notice in writing by the Minister has been forwarded to any of them that such an agreement is required for the purpose of any assessment of tax under this Part, the Minister shall, for the purpose of this section, allocate an amount to one or more of them for the taxation year, which amount or the total of which amounts, as the case may be, shall equal the total dividend allowance for the year for those corporations and all other taxable Canadian corporations with which each such corporation is associated in the year, and the dividend allowance for the year of each of the corporations is the amount so allocated to it.
Notwithstanding any other provision of this section, (a) where a corporation has a taxation year that is less than 51 weeks, its dividend allowance for the year is that proportion of its dividend allowance for the year determined without reference to this paragraph that the number of days in the year is of 365; and (b) where a taxable Canadian corporation (in this paragraph referred to as the “first corporation”) has
more than one taxation year ending in a calendar year and is associated in two or more of those taxation years with another taxable Canadian corporation that has a taxation year ending in that calendar year, the dividend allowance of the first corporation for each taxation year in which it is associated with the other corporation ending in that calendar year is, subject to the application of paragraph 191.1(6)(a), an amount equal to the amount that would be its dividend allowance for the first such taxation year if the allowance were determined without reference to paragraph 191.1(6)(a).
a) en ce qui concerne une société remplacée qui était une société privée sous contrôle canadien ou une compagnie d’assurance-dépôts au cours de son année d’imposition ayant pris fin immédiatement avant la fusion (appelée « dernière année d’imposition » au présent alinéa), la somme positive ou négative déterminée à l’égard de la société remplacée selon la formule suivante : A - B où : A représente le compte de revenu à taux général de la société remplacée à la fin de sa dernière année d’imposition, B l’excédent éventuel de la somme visée au sous-alinéa (i) sur la somme visée au sous-alinéa (ii) : (i) le total des sommes représentant chacune un dividende déterminé payé par la société remplacée au cours de sa dernière année d’imposition, (ii) le total des sommes représentant chacune une désignation excessive de dividende déterminé faite par la société remplacée au cours de cette année; b) en ce qui concerne une société remplacée qui, au cours de son année d’imposition ayant pris fin immédiatement avant la fusion (appelée « dernière année d’imposition » au présent alinéa), n’était pas une société privée sous contrôle canadien ni une compagnie d’assurance-dépôts, la somme déterminée selon la formule suivante : A + B + C - D - E - F - G - H où : A représente le total des sommes représentant chacune le coût indiqué d’un bien pour la société remplacée immédiatement avant la fin de sa dernière année d’imposition, B toute somme d’argent que la société remplacée avait en main immédiatement avant la fin de sa dernière année d’imposition, C l’excédent éventuel de la somme visée au sous-alinéa (i) sur la somme visée au sous-alinéa (ii) : (i) le total des sommes qui auraient été déductibles en application du paragraphe 111(1) dans le calcul du revenu imposable de la société remplacée pour sa dernière année d’imposition si elle avait eu, pour cette année, un revenu illimité provenant de chaque entreprise qu’elle exploitait, et de chaque bien qu’elle détenait, au cours de cette même année et avait réalisé, Income Tax PART I Income Tax DIVISION B Computation of Income
(a) not later than the day on or before which its return of income under Part I is required by section 150 to be filed for the taxation year in which shares of that class are first issued as first become taxable preferred shares; or (b) within the 6-month period commencing on any of the following days, namely, (i) the day of sending of any notice of assessment of tax payable under this Part or Part I by the corporation for that year, (ii) where the corporation has served a notice of objection to an assessment described in subparagraph (i), the day of sending of a notice that the Minister has confirmed or varied the assessment, (iii) where the corporation has instituted an appeal in respect of an assessment described in subparagraph 191.2(1)(b)(i) to the Tax Court of Canada, the day of mailing of a copy of the decision of the Court to the taxpayer, and (iv) where the corporation has instituted an appeal in respect of an assessment described in subparagraph 191.2(1)(b)(i) to the Federal Court of Appeal or the Supreme Court of Canada, the day on which the judgment of the Court is pronounced or delivered or the day on which the corporation discontinues the appeal. Time of election
A - B where Impôt sur le revenu
An election with respect to a class of taxable preferred shares filed in accordance with subsection 191.2(1) shall be deemed to have been filed before any dividend on a share of that class is paid. Assessment
Where an election has been filed under subsection 191.2(1), the Minister shall, notwithstanding subsections 152(4) and 152(5), assess or reassess the tax, interest or penalties payable under this Act by any corporation for any relevant taxation year in order to take into account the election. Agreement respecting liability for tax
(a) throughout a particular taxation year of the transferor corporation (or, where the transferee corporation came into existence in that year, throughout the part of that year in which the transferee corporation was in existence), and (b) throughout the last taxation year of the transferee corporation ending at or before the end of the particular taxation year (or, where the transferor corporation came into existence in that last taxation year of the transferee corporation, throughout that part of that last year in which the transferor corporation was in existence) file as provided in subsection 191.3(2) an agreement or amended agreement with the Minister under which the transferee corporation agrees to pay all or any portion, as is specified in the agreement, of the tax for that taxation year of the transferor corporation that would, but for the agreement, be payable under this Part by the transferor corporation (other than any tax that is payable by the transferor corporation by reason of another agreement made under this section), the following rules apply, namely, (a) the amount of tax specified in the agreement, in respect of the transferor corporation, is deemed to be tax payable under this Part by the transferee corporation, by the application of clause 191.1(1)(b); (b) the amount of tax specified in the agreement, in respect of the transferee corporation, is deemed to be tax payable (c) the amount of tax specified in the agreement is an amount determined for that taxation year of the transferor corporation in respect of the transferor corporation for the purpose of paragraph 191.1(1)(b), (d) the amount of tax specified in the agreement is an amount determined in respect of the transferee corporation for its last taxation year ending at or before the end of that taxation year of the transferor corporation for the purpose of subparagraph 191.1(1)(a)(iv), and (e) the transferor corporation and the transferee corporation are jointly and severally, or solidarily, liable to pay the amount of tax specified in the agreement and any interest or penalty in respect thereof. Consideration for agreement (1.1) For the purposes of Part I of this Act, where property is acquired at any time by a transferee corporation as consideration for entering into an agreement with a transferor corporation that is filed under this section, (a) where the property was owned by the transferor corporation immediately before that time, (i) the transferor corporation shall be deemed to have disposed of the property at that time for proceeds equal to the fair market value of the property at that time, and (ii) the transferor corporation shall not be entitled to deduct any amount in computing its income as a consequence of the transfer of the property, except any amount arising as a consequence of subparagraph 191.3(1.1)(a)(i); (b) the cost at which the property was acquired by the transferee corporation at that time shall be deemed to be equal to the fair market value of the property at that time; (c) the transferee corporation shall not be required to add an amount in computing its income solely because of the acquisition at that time of the property; and (d) no benefit shall be deemed to have been conferred on the transferee corporation as a consequence of the transferor corporation entering into an agreement filed under this section. Manner of filing agreement
An agreement or amended agreement referred to in subsection 191.3(1) between a transferor corporation and a transferee corporation shall be deemed not to have been filed with the Minister unless (a) it is in prescribed form; (b) it is filed on or before the day on or before which the transferor corporation’s return for the year in respect of which the agreement is filed is required to be filed under this Part or within the 90-day period beginning on the day of sending of a notice of assessment of tax payable under this Part or Part I by the transferor corporation for the year or by the transferee corporation for its taxation year ending in the calendar year in which the taxation year of the transferor corporation ends or the sending of a notification that no tax is payable under this Part or Part I for that taxation year; (c) it is accompanied by, (i) where the directors of the transferor corporation are legally entitled to administer its affairs, a certified copy of their resolution authorizing the agreement to be made, (ii) where the directors of the transferor corporation are not legally entitled to administer its affairs, a certified copy of the document by which the person legally entitled to administer the corporation’s affairs authorized the agreement to be made, (iii) where the directors of the transferee corporation are legally entitled to administer its affairs, a certified copy of their resolution authorizing the agreement to be made, and (iv) where the directors of the transferee corporation are not legally entitled to administer its affairs, a certified copy of the document by which the person legally entitled to administer the corporation’s affairs authorized the agreement to be made; and (d) where the agreement is not an agreement to which subsection 191.3(4) applies, an agreement amending the agreement has not been filed in accordance with this section. Assessment
(iii) le total des sommes déduites en application du paragraphe 111(1) dans le calcul du revenu imposable de la société remplacée pour sa dernière année d’imposition; D le total des sommes représentant chacune le montant de toute dette de la société remplacée, ou autre obligation de la société remplacée de payer une somme, qui était impayée immédiatement avant la fin de sa dernière année d’imposition; E le capital versé, immédiatement avant la fin de la dernière année d’imposition de la société remplacée, de l’ensemble des actions émises et en circulation de son capital-actions; F le total des sommes représentant chacune une provision déduite dans le calcul du revenu de la société remplacée pour sa dernière année d’imposition; G le compte de dividendes en capital, s’il y a lieu, de la société remplacée immédiatement avant la fin de sa dernière année d’imposition; H le compte de revenu à taux réduit de la société remplacée immédiatement avant la fin de sa dernière année d’imposition. Compte de revenu à taux général — société liquidée
Where an agreement or amended agreement between a transferor corporation and a transferee corporation has been filed under this section with the Minister, the Minister shall, notwithstanding subsections 152(4) and 152(5), assess or reassess the tax, interest and penalties payable under this Act by the transferor corporation and the transferee corporation for any relevant taxation year in order to take into account the agreement or amended agreement. Related corporations
En cas d’application du paragraphe 88(1) à la liquidation de la filiale d’une société mère (« filiale » et « société mère » s’entendant au sens de ce paragraphe) qui est une société privée sous contrôle canadien ou une compagnie d’assurance-dépôts, et à inclure dans le calcul du compte de revenu à taux général de la société mère à la fin de son année d’imposition suivant l’année d’imposition au cours de laquelle elle reçoit les biens de la filiale par suite de la liquidation celle des montants ci-après qui est applicable : a) si la filiale était une société privée sous contrôle canadien ou une compagnie d’assurance-dépôts au cours de son année d’imposition au cours de laquelle ses biens ont été distribués à la société mère par suite de la liquidation (appelée « dernière année d’imposition » au présent alinéa), la somme positive ou négative obtenue par la formule suivante : A - B où : A représente le compte de revenu à taux général de la filiale à la fin de sa dernière année d’imposition, Income Tax PART I Income Tax DIVISION B Computation of Income
Where, at any time, a corporation has become related to another corporation and it may reasonably be considered, having regard to all the circumstances, that the main purpose of the corporation becoming related to the other corporation was to transfer, by filing an agreement or an amended agreement under this section, the benefit of a deduction under paragraph 110(1)(k) to a transferee corporation, the amount of the tax specified in the agreement shall, for the purposes of paragraph 191.3(1)(c), be deemed to be nil. Assessment of transferor corporation
exceeds A + B + C - D - E - F - G - H where exceeds Impôt sur le revenu
The Minister may at any time assess a transferor corporation in respect of any amount for which it is jointly and severally, or solidarily, liable by reason of paragraph (1)(e) and the provisions of Division I of Part I are applicable in respect of the assessment as though it had been made under section 152. Payment by transferor corporation
If a transferor corporation and a transferee corporation are by reason of paragraph (1)(e) jointly and severally, or solidarily, liable in respect of tax payable by the transferee corporation under subsection 191.1(1)(a)(iv) and any interest or penalty in respect thereof, the following rules apply: (a) a payment by the transferor corporation on account of the liability shall, to the extent thereof, discharge their liability; and (b) a payment by the transferee corporation on account of its liability discharges the transferor corporation’s liability only to the extent that the payment operates to reduce the transferee corporation’s liability under this Act to an amount less than the amount in respect of which the transferor corporation was, by paragraph (1)(e), made jointly and severally, or solidarily, liable.
Sections 152, 158 and 159, subsection 161(11), sections 162 to 167 and Division J of Part I apply to this Part with such modifications as the circumstances require.
B l’excédent éventuel de la somme visée au sous-alinéa (i) sur la somme visée au sous-alinéa (ii) : (i) le total des sommes représentant chacune un dividende déterminé versé par la filiale au cours de sa dernière année d’imposition, (ii) le total des sommes représentant chacune le montant d’une désignation excessive de dividende déterminé effectuée par la filiale au cours de ce même exercice; b) sinon, la somme obtenue par la formule suivante : A + B + C - D - E - F - G - H où : A représente le total des sommes représentant chacune le coût indiqué d’un bien de la filiale immédiatement avant la fin de son année d’imposition au cours de laquelle la société mère reçoit les biens de la filiale par suite de la liquidation (appelée « dernière année d’imposition de la filiale »), B le montant d’argent que la filiale avait en mains immédiatement avant la fin de sa dernière année d’imposition, C l’excédent éventuel de la somme visée au sous-alinéa (i) sur la somme visée au sous-alinéa (ii) : (i) le total des sommes qui auraient été déductibles en application du paragraphe 111(1) dans le calcul du revenu imposable de la filiale pour sa dernière année d’imposition si elle avait eu, pour cette année, un revenu illimité provenant de chaque entreprise qu’elle exploitait, et de chaque bien qu’elle détenait, au cours de cette même année et avait réalisé, pour cette année, un montant illimité de gains en capital, (ii) le total des sommes déduites en application du paragraphe 111(1) dans le calcul du revenu imposable de la filiale pour sa dernière année d’imposition, D le total des sommes représentant chacune le montant de toute dette de la filiale, ou autre obligation de la filiale de payer une somme, qui était impayée immédiatement avant la fin de sa dernière année d’imposition, E le capital versé, immédiatement avant la fin de la dernière année d’imposition de la filiale, au titre de l’ensemble des actions émises et en circulation de son capital-actions, F le total des sommes représentant chacune une provision déduite dans le calcul du revenu de la filiale pour sa dernière année d’imposition, A - B where G le compte de dividendes en capital, s’il y a lieu, de la filiale immédiatement avant la fin de sa dernière année d’imposition, H le compte de revenu à taux réduit de la filiale immédiatement avant la fin de sa dernière année d’imposition. Majoration du compte de revenu à taux général — 2006
Section 27 applies to this Part with any modifications that the circumstances require.
Dans le cas où une société a été une société privée sous contrôle canadien, ou aurait été une telle société en l’absence du choix prévu au paragraphe (11), tout au long de sa première année d’imposition comprenant une partie quelconque du 1er janvier 2006, son compte de revenu à taux général à la fin de son année d’imposition précédente correspond à zéro ou, si elle est plus élevée, à la somme obtenue par la formule suivante : A - B où : A représente le total des sommes suivantes : a) 63 % du total des sommes représentant chacun le revenu imposable au taux complet, au sens du paragraphe 123.4(1), mais compte non tenu des sous-alinéas a)(i) et (ii) de cette définition, pour une de ses années d’imposition s’étant terminée après 2003 et avant 2006, calculé avant la prise en compte des conséquences fiscales futures déterminées pour cette année d’imposition, b) 63 % du total des sommes représentant chacun son revenu imposable au taux complet, au sens du paragraphe 123.4(1), mais compte non tenu des sous-alinéas a)(i) et (ii) de cette définition, pour une de ses années d’imposition s’étant terminée après 2003 et avant 2006, calculé avant la prise en compte des conséquences fiscales futures déterminées pour cette année d’imposition, c) le total des sommes dont chacune était déductible en application du paragraphe 112(1) dans le calcul de son revenu imposable pour une de ses années d’imposition s’étant terminée après 2000 et avant 2006 et se rapportait à un dividende qu’elle a reçu d’une société (appelée « société payeuse » au présent alinéa) qui était rattachée (au sens du paragraphe 186(4)) au moment où elle versait ce dividende, dans la mesure où il est raisonnable de considérer, compte tenu de toutes les circonstances (notamment la réception par d’autres actionnaires de dividendes de la société payeuse), que le dividende était attribuable à une somme qui est visée au présent alinéa ou aux alinéas a) ou b) relativement à la société payeuse, ou le serait si le présent paragraphe s’appliquait à cette société; Income Tax PART I Income Tax DIVISION B Computation of Income
bank or life insurer group member means a corporation that is (b) a life insurance corporation that carries on business in Canada; or
A + B + C - D - E - F - G - H where exceeds Impôt sur le revenu
Every corporation that is a bank or life insurer group member at any time during a 2021 taxation year shall pay a tax under this Part for its 2022 taxation year equal to the amount determined by the formula A is the corporation’s total taxable income (or taxable income earned in Canada if the corporation is non-resident) for (a) 2020 taxation years of the corporation, determined under Part I, without regard to paragraphs 111(1)(a) and (b), and (b) 2021 taxation years of the corporation, determined under Part I, without regard to paragraphs 111(1)(a) and (b); and (a) if the corporation is not related to another bank or life insurer group member at the end of each 2021 taxation year of the corporation, $1 billion, and (b) in any other case, the amount determined under subsection (7). Multiple 2022 taxation years
If a corporation has more than one 2022 taxation year, the latest 2022 taxation year is the 2022 taxation year for the purposes of subsection (2). Multiple 2020 and 2021 taxation years (a) if a corporation has more than one 2020 taxation year and the aggregate number of days in all its 2020 taxation years is greater than 365 days, the amount determined for the corporation under paragraph (a) of the description of A in subsection (2) shall be reduced to that proportion of that amount that 365 is of the aggregate number of days in all 2020 taxation years; and (b) if a corporation has more than one 2021 taxation year and the aggregate number of days in all its 2021 taxation years is greater than 365 days, the amount determined for the corporation under paragraph (b) of the description of A in subsection (2) shall be reduced to that proportion of that amount that 365 is of the aggregate number of days in all 2021 taxation years. Related group
A corporation that is described in paragraph (a) or (b) of the definition bank or life insurer group member in subsection (1) at any time during a 2021 taxation year and that was related to any other bank or life insurer group member at the end of the year (in this section, the corporation and each such bank or life insurer group member are referred to together as a “related group”) may file with the Minister an agreement in prescribed form, with the prescribed form referred to in subsection (8), on behalf of the related group under which an amount that does not exceed $1 billion is allocated among the members of the related group for the taxation year. Allocation by Minister
The Minister may request a corporation that is member of a related group at any time during the 2021 taxation year to file with the Minister an agreement referred to in subsection (5) and, if the corporation does not file the agreement within 30 days after receiving the request, the Minister may allocate the amount referred to in subsection (5) among the members of the related group for the taxation year. Allocation
B le total des sommes représentant chacune un dividende imposable qu’elle a versé au cours de ces années. Majoration du compte de revenu à taux réduit — société qui cesse d’être une SPCC
For the purposes of this Part, the least amount allocated for the taxation year to each bank or life insurer group member under an agreement described in subsection (5) or by the Minister under subsection (6) is the amount determined for B in subsection (2) for the taxation year of that member, but, if no such allocation is made, the amount determined for B in subsection (2) of each bank and life insurer group member for the year is nil.
La société qui n’est pas une société privée sous contrôle canadien ni une compagnie d’assurance-dépôts au cours d’une année d’imposition donnée, mais qui l’était au cours de son année d’imposition précédente est tenue d’inclure dans le calcul de son compte de revenu à taux réduit à un moment donné de l’année la somme obtenue par la formule suivante : A + B + C - D - E - F - G - H où : A représente le total des sommes représentant chacune le coût indiqué d’un bien pour la société immédiatement avant la fin de son année d’imposition précédente; B toute somme d’argent que la société avait en main immédiatement avant la fin de son année d’imposition précédente; C l’excédent éventuel de la somme visée à l’alinéa a) sur la somme visée à l’alinéa b) : a) le total des sommes qui auraient été déductibles en application du paragraphe 111(1) dans le calcul du revenu imposable de la société pour son année d’imposition précédente si elle avait eu, pour cette année, un revenu illimité provenant de chaque entreprise qu’elle exploitait, et de chaque bien qu’elle détenait, au cours de cette année, et si elle avait réalisé, pour cette année, un montant illimité de gains en capital, b) le total des sommes déduites en application du paragraphe 111(1) dans le calcul du revenu imposable de la société pour son année d’imposition précédente; D le total des sommes représentant chacune le montant de toute dette de la société, ou autre obligation de la société de payer une somme, qui était impayée immédiatement avant la fin de son année d’imposition précédente; E le capital versé, immédiatement avant la fin de l’année d’imposition précédente de la société, de l’ensemble des actions émises et en circulation de son capital-actions; G is I - J where exceeds A + B + C - D - E - F - G - H where exceeds G is présent alinéa), la somme obtenue par la formule suivante : A + B + C - D - E - F - G - H où : A représente le total des sommes représentant chacune le coût indiqué d’un bien pour la société remplacée immédiatement avant la fin de sa dernière année d’imposition, B toute somme d’argent que la société remplacée avait en mains immédiatement avant la fin de sa dernière année d’imposition, C l’excédent éventuel de la somme visée au sous-alinéa (i) sur la somme visée au sous-alinéa (ii) : (i) le total des sommes qui auraient été déductibles en application du paragraphe 111(1) dans le calcul du revenu imposable de la société remplacée pour sa dernière année d’imposition si elle avait, pour cette année, un revenu illimité provenant de chaque entreprise qu’elle exploitait, et de chaque bien qu’elle détenait, au cours de cette année, ainsi qu’un montant illimité de gains en capital, (ii) le total des sommes déduites en application du paragraphe 111(1) dans le calcul du revenu imposable de la société remplacée pour sa dernière année d’imposition, D le total des sommes représentant chacune le montant de toute dette de la société remplacée, ou autre obligation de la société remplacée de payer une somme, qui était impayée immédiatement avant la fin de sa dernière année d’imposition, E le capital versé, immédiatement avant la fin de la dernière année d’imposition de la société remplacée, de l’ensemble des actions émises et en circulation de son capital-actions, F le total des sommes représentant chacune une provision déduite dans le calcul du revenu de la société remplacée pour sa dernière année d’imposition, G : (i) si la nouvelle société n’est pas une société privée au cours de sa première année d’imposition, le compte de dividendes en capital, s’il y a lieu, de la société remplacée immédiatement avant la fin de sa dernière année d’imposition, (ii) dans les autres cas, zéro, H le total des sommes représentant chacune le montant de tout dividende payable par la société remplacée immédiatement avant la fin de sa dernière année d’imposition. I - J where exceeds A + B + C - D - E - F - G - H where H = la somme positive ou négative obtenue par la formule suivante : I - J où : I représente le compte de revenu à taux général de la société remplacée à la fin de sa dernière année d’imposition, J l’excédent éventuel de la somme visée au sous-alinéa (i) sur la somme visée au sous-alinéa (ii) : (i) le total des sommes représentant chacune un dividende déterminé versé par la société remplacée au cours de sa dernière année d’imposition, (ii) le total des sommes représentant chacune une désignation excessive de dividende déterminé effectuée par la société remplacée au cours de sa dernière année d’imposition. Majoration du compte de revenu à taux réduit — liquidation
A corporation that is a bank or life insurer group member shall file with the Minister, no later than the day on or before which the corporation is required by section 150 to file its return of income for the 2022 taxation year under Part I, a prescribed form containing prescribed information.
La société (appelée « société mère » au présent paragraphe) qui n’est ni une société privée sous contrôle canadien ni une compagnie d’assurance-dépôts au cours d’une année d’imposition donnée et qui reçoit, au cours de cette année, la totalité ou la presque totalité des biens d’une autre société (appelée « filiale » au présent paragraphe) par suite de la dissolution ou de la liquidation de celle-ci est tenue d’inclure dans le calcul de son compte de revenu à taux réduit, à un moment de l’année donnée qui correspond ou est postérieur à la fin de l’année d’imposition de la filiale (appelée « dernière année d’imposition » au présent paragraphe) au cours de laquelle la société mère reçoit les biens de la filiale, celle des sommes ci-après qui est applicable : a) si la filiale n’était pas une société privée sous contrôle canadien ni une compagnie d’assurance-dépôts au cours de sa dernière année d’imposition, son compte de revenu à taux réduit immédiatement avant la fin de cette année; b) dans les autres cas, la somme obtenue par la formule suivante : A + B + C - D - E - F - G - H où : A représente le total des sommes représentant chacune le coût indiqué d’un bien pour la filiale immédiatement avant la fin de sa dernière année d’imposition, B C exceeds D E F G is H I - J where exceeds B toute somme d’argent que la filiale avait en mains immédiatement avant la fin de sa dernière année d’imposition, C l’excédent éventuel de la somme visée au sous-alinéa (i) sur la somme visée au sous-alinéa (ii) : (i) le total des sommes qui auraient été déductibles en application du paragraphe 111(1) dans le calcul du revenu imposable de la filiale pour sa dernière année d’imposition si elle avait eu, pour cette année, un revenu illimité provenant de chaque entreprise qu’elle exploitait, et de chaque bien qu’elle détenait, au cours de cette même année et avait réalisé, pour cette année, un montant illimité de gains en capital, (ii) le total des sommes déduites en application du paragraphe 111(1) dans le calcul du revenu imposable de la filiale pour sa dernière année d’imposition, D le total des sommes représentant chacune le montant de toute dette de la filiale, ou autre obligation de la filiale de payer une somme, qui était impayée immédiatement avant la fin de sa dernière année d’imposition, E le capital versé, immédiatement avant la fin de la dernière année d’imposition de la filiale, de l’ensemble des actions émises et en circulation de son capital-actions, F le total des sommes représentant chacune une provision déduite dans le calcul du revenu de la filiale pour sa dernière année d’imposition, G (i) si la société mère n’est pas une société privée au cours de l’année donnée, le compte de dividendes en capital, s’il y a lieu, de la filiale immédiatement avant la fin de sa dernière année d’imposition, (ii) dans les autres cas, zéro, H la somme positive ou négative obtenue par la formule suivante : I - J où : I représente le compte de revenu à taux général de la filiale à la fin de sa dernière année d’imposition, J l’excédent éventuel de la somme visée au sous-alinéa (i) sur la somme visée au sous-alinéa (ii) : Income Tax PART I Income Tax DIVISION B Computation of Income
A corporation liable to pay tax for the 2022 taxation year under this Part shall pay 1/5 of the tax to the Receiver General on or before its balance-due day for the 2022 and each of the four subsequent taxation years. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2022, c. 19, s. 48.
Dividend designation Impôt sur le revenu
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2022, c. 19, s. 48. Refundable Tax on Corporations Issuing Qualifying Shares Corporation to pay tax
In this Part, the Part VII refund of a corporation for a taxation year means an amount equal to the lesser of (i) the amount, if any, by which the share-purchase tax credit of the corporation for the year exceeds the amount, if any, deducted in respect thereof by it for the year under subsection 127.2(1) from its tax otherwise payable under Part I for the year or the amount deemed by subsection 127.2(2) to have been paid on account of its tax payable under Part I for the year, as the case may be, and (ii) such amount as the corporation may claim, not exceeding the amount that would, if paragraph (i) of the definition investment tax credit in subsection 127(9) were read without reference to the words “the year or”, be its investment tax credit at the end of the year in respect of property acquired, or an expenditure made, after April 19, 1983 and on or before the last day of the year, and (b) the refundable Part VII tax on hand of the corporation at the end of the year. Definition of refundable Part VII tax on hand
In this Part, refundable Part VII tax on hand of a corporation at the end of a taxation year means the amount, if any, by which (a) the total of the taxes payable by it under this Part for the year and all preceding taxation years exceeds the total of (b) the total of its Part VII refunds for all preceding taxation years, and (c) the total of all amounts each of which is an amount of tax included in the total described in paragraph 192(3)(a) in respect of a share that was issued by the corporation and that, at the time it was issued, was not a qualifying share. Corporation may designate amount
(i) le total des sommes représentant chacune un dividende déterminé versé par la filiale au cours de sa dernière année d’imposition, (ii) le total des sommes représentant chacune le montant d’une désignation excessive de dividende déterminé effectuée par la filiale au cours de sa dernière année d’imposition. Choix d’une société de ne pas être une SPCC
Every taxable Canadian corporation may, by filing a prescribed form with the Minister at any time on or before the last day of the month immediately following the month in which it issued a qualifying share of its capital stock (other than a share issued before July, 1983 or after 1986, or a share in respect of which the corporation has, on or before that day, designated an amount under subsection 194(4)), designate, for the purposes of this Part and Part I, an amount in respect of that share not exceeding 25% of the amount by which (a) the amount of the consideration for which the share was issued (b) the amount of any assistance (other than an amount included in computing the share-purchase tax credit of a taxpayer in respect of that share) provided or to be provided by a government, municipality or any other public authority in respect of, or for the acquisition of, the share. Computing paid-up capital after designation (4.1) Where a corporation has designated an amount under subsection 192(4) in respect of shares issued at any time after May 23, 1985, in computing, at any particular time after that time, the paid-up capital in respect of that class of shares of the capital stock of the corporation that includes those shares (a) there shall be deducted the amount, if any, by which (i) the increase as a result of the issue of those shares in the paid-up capital in respect of all shares of that class, determined without reference to this subsection as it applies to those shares, (ii) the amount, if any, by which the total amount of consideration for which those shares were issued exceeds the total amount designated by the corporation under subsection 192(4) in respect of those shares; and (b) there shall be added an amount equal to the lesser of (i) the amount, if any, by which (A) the total of all amounts each of which is an amount deemed by subsection 84(3), 84(4) or 84(4.1) to be a dividend on shares of that class paid by the corporation after May 23, 1985 and before the particular time (B) the total that would be determined under clause 192(4.1)(b)(i)(A) if this Act were read without reference to paragraph 192(4.1)(a), and (ii) the total of all amounts each of which is an amount required by paragraph 192(4.1)(a) to be deducted in computing the paid-up capital in respect of that class of shares after May 23, 1985 and before the particular time.
Pour l’application des dispositions énumérées à l’alinéa d) de la définition de société privée sous contrôle canadien au paragraphe 125(7), une société qui produit auprès du ministre un choix en la forme prescrite au plus tard à la date d’échéance de production qui lui est applicable pour l’année, est réputée ne pas être une société privée sous contrôle canadien à un moment donné de l’année ou par la suite si elle fait le choix sur le formulaire prescrit avant la date d’échéance de production qui lui est applicable pour l’année. Révocation du choix
For the purposes of this Act, the Part VII refund of a corporation for a taxation year shall be deemed to be an amount paid on account of its tax under this Part for the year on the last day of the second month following the end of the year. Definition of qualifying share
Le choix cesse de s’appliquer à une société à la fin d’une année d’imposition si la société produit auprès du ministre, au plus tard à la date d’échéance de production qui lui est applicable pour l’année, un avis le révoquant à compter de la fin de l’année. Choix répétés — consentement requis
In this Part, qualifying share, at any time, means a prescribed share of the capital stock of a taxable Canadian corporation issued after May 22, 1985 and before 1987. Effect of obligation to acquire shares
La société qui a révoqué le choix ne peut faire de choix subséquent en vertu du paragraphe (11) ni de révocation subséquente en vertu du paragraphe (12) que si, à la fois : a) le ministre y consent par écrit; b) la société se conforme à toute condition imposée par le ministre. Désignation de dividende
When determining under section 251 whether a corporation and any other person do not deal with each other at arm’s length for the purposes of any regulations made for the purposes of subsection 192(6), a person who has an obligation in equity, under a contract or otherwise, either immediately or in the future and either absolutely or contingently, to acquire shares in a corporation, shall be deemed to be in the same position in relation to the control of the corporation as if that person owned the shares. Late designation
Une partie d’un dividende versé par une société à un moment donné est désignée à titre de dividende déterminé par avis écrit, envoyé à chaque personne ou société de personnes à laquelle le dividende est versé, indiquant que la partie du dividende constitue un dividende déterminé. Désignation tardive (14.1) Si le ministre est d’avis que les circonstances sont telles qu’il serait juste et équitable de permettre que la désignation prévue au paragraphe (14) soit effectuée Income Tax PART I Income Tax DIVISION B Computation of Income
Where a taxable Canadian corporation that issued a share does not designate an amount under subsection 192(4) in respect of the share on or before the day on or before which the designation was required by that subsection, the corporation shall be deemed to have made the designation on that day if (a) the corporation has filed with the Minister a prescribed information return relating to the share-purchase tax credit in respect of the share within the time that it would have been so required to file the return had the designation been made on that day, and (b) within 3 years after that day, the corporation has (i) designated an amount in respect of the share by filing a prescribed form with the Minister, and (ii) paid to the Receiver General, at the time the prescribed form referred to in subparagraph 192(8)(b)(i) is filed, an amount that is a reasonable estimate of the penalty payable by the corporation for the late designation in respect of the share, except that, where the Minister has mailed a notice to the corporation that a designation has not been made in respect of the share under subsection 192(4), the designation and payment described in paragraph 192(8)(b) must be made by the corporation on or before the day that is 90 days after the day of mailing. Penalty for late designation
Late designation — transitional ERDTOH Meaning of expression deposit insurance corporation NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: 1, R.S., 1985, c. 1 (5th Supp.), s. 89; 1994, c. 7, Sch. II, s. 67; c. 42, s. 68; 1998, c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; 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c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; 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c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; 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c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; 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c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; c. 19, ss. 120, 209; affiliée d’un contribuable si elle représente la part de l’action sur une distribution au prorata (sauf une distribution effectuée au cours de la liquidation et dissolution de la société, lors du rachat, de l’acquisition ou de l’annulation de l’action par la société ou lors d’un remboursement de capital admissible relativement à l’action) effectuée par la société à ce moment relativement à l’ensemble des actions de la catégorie. Remboursement de capital admissible
Where, pursuant to subsection 192(8), a corporation made a late designation in respect of a share issued in a month, the corporation shall pay, for each month or part of a month that elapsed during the period beginning on the last day on or before which an amount could have been designated by the corporation under subsection 192(4) in respect of the share and ending on the day that the late designation is made, a penalty for the late designation in respect of the share in an amount equal to 1% of the amount designated in respect of the share, except that the maximum penalty payable under this subsection by the corporation for a month shall not exceed $500. Deemed deduction
Pour l’application du paragraphe (2), toute distribution effectuée à un moment donné par une société étrangère affiliée d’un contribuable relativement à une action du capital-actions de la société affiliée qui constitue une réduction du capital versé de la société au titre de l’action et qui, en l’absence du présent paragraphe, serait réputée en vertu du paragraphe (2) être un dividende payé ou reçu sur l’action à ce moment est un remboursement de capital admissible à ce moment relativement à l’action si une élection est faite, relativement à la distribution et conformément aux dispositions réglementaires : a) par le contribuable, dans le cas où il n’existe pas de personnes ou de sociétés de personnes qui remplissent les conditions des sous-alinéas b)(i) et (ii); b) conjointement par le contribuable et par chaque personne ou société de personnes qui est, à ce moment, à la fois : (i) une personne ou société de personnes rattachée relativement au contribuable, (ii) une personne ou une société de personnes dont la société affiliée serait, à ce moment, une société étrangère affiliée si la mention « toute société » à l’alinéa b) de la définition de pourcentage d’intérêt au paragraphe 95(4) était remplacée par « toute société autre qu’une société résidant au Canada ». Personne ou société de personnes rattachée
For the purposes of this Act, other than the definition investment tax credit in subsection 127(9), the amount, if any, claimed under subparagraph 192(2)(a)(ii) by a taxpayer for a taxation year shall be deemed to have been deducted by the taxpayer under subsection 127(5) for the year. Restriction
Pour l’application du paragraphe (3), est une personne ou société de personnes rattachée relativement à un contribuable à un moment donné : a) toute personne qui est liée au contribuable à ce moment; b) toute société de personnes dont l’un des associés est, à ce moment : (i) le contribuable, (ii) une personne liée au contribuable. Exclusion Exclusion
Where at any time a corporation has designated an amount under subsection 192(4) in respect of a share, no Restriction
Une somme versée ou reçue à un moment donné n’est, pour l’application de la présente loi, un dividende versé ou reçu sur une action du capital-actions d’une société non-résidente qui est une société étrangère affiliée d’un contribuable que si elle est réputée l’être en vertu de la présente partie. Prêt d’une société étrangère affiliée
Corporation to make payment on account of tax
Sauf en cas d’application du paragraphe 15(2), si une personne ou une société de personnes reçoit un prêt ou devient la débitrice, à un moment donné, d’un créancier qui est, à ce moment, soit une société étrangère affiliée (appelée « société étrangère affiliée créancière » aux paragraphes (9), (11) et (15)) d’un contribuable résidant au Canada, soit une société de personnes (appelée « société de personnes créancière » aux mêmes paragraphes) dont une telle société affiliée est membre et la personne ou la société de personnes est, à ce moment, un débiteur déterminé relativement au contribuable, le montant déterminé relativement au prêt ou à la dette est inclus dans le calcul du revenu du contribuable pour son année d’imposition qui comprend ce moment. Continuité des prêts en amont — réorganisation (6.1) Le paragraphe (6.11) s’applique à un moment donné si les conditions ci-après sont remplies : a) immédiatement avant ce moment, une personne ou une société de personnes (appelées « débiteur initial » au présent paragraphe et au paragraphe (6.11)) doit une somme relative à un prêt ou à une dette (appelés « prêt préalable à l’opération » au présent paragraphe et au paragraphe (6.11)) à une autre personne ou société de personnes (appelées « créancier initial » au présent paragraphe et au paragraphe (6.11)); b) le prêt préalable à l’opération était, au moment où il a été consenti ou conclu, un prêt ou une dette visé au paragraphe (6); c) dans le cadre d’une fusion, d’une unification, d’une liquidation ou d’une dissolution, (i) la somme due relativement au prêt préalable à l’opération devient due au même moment par une autre personne ou société de personnes (la somme due après ce moment et cette autre personne ou société de personnes étant appelées, respectivement, « somme à verser au titre du prêt postérieur à l’opération » et « nouveau débiteur » au paragraphe (6.11)), Income Tax PART I Income Tax DIVISION B Computation of Income
Where, in a particular month in a taxation year, a corporation issues a share in respect of which it designates an amount under section 192, the corporation shall, on or before the last day of the month following that particular month, pay to the Receiver General an account of its tax payable under this Part for the year an amount equal to the total of all amounts so designated.
Impôt sur le revenu
Where a corporation is liable to pay tax under this Part and has failed to pay all or any part or instalment thereof on or before the day on or before which the tax or instalment, as the case may be, was required to be paid, it shall pay to the Receiver General interest at the prescribed rate on the amount that it failed to pay computed from the day on or before which the amount was required to be paid to the day of payment.
For the purposes of computing interest payable by a corporation under subsection 193(3) for any month or months in the period commencing on the first day of a taxation year and ending two months after the last day of the year in which period the corporation has designated an amount under section 192 in respect of a share issued by it in a particular month in the year, the corporation shall be deemed to have been liable to pay, on or before the last day of the month immediately following the particular month, a part or an instalment of tax for the year equal to that proportion of the amount, if any, by which its tax payable under this Part for the year exceeds its Part VII refund for the year that (a) the total of all amounts so designated by it under section 192 in respect of shares issued by it in the particular month is of
(b) the total of all amounts so designated by it under section 192 in respect of shares issued by it in the year.
Where a corporation that is liable to pay tax under this Part in respect of a share issued by it wilfully, in any manner whatever, evades or attempts to evade payment of the tax and a purchaser of the share or, where the purchaser is a partnership, a member of the partnership knew or ought to have known, at the time the share was acquired, that the corporation would wilfully evade or attempt to evade the tax, for the purposes of section 127.2, the share shall be deemed not to have been acquired. Undue deferral
(ii) la somme due relativement au prêt préalable à l’opération devient due à ce moment à une autre personne ou société de personnes (la somme due après ce moment et cette autre personne ou société de personnes étant appelées, respectivement, « somme à recevoir au titre du prêt postérieur à l’opération » et « nouveau créancier » au paragraphe (6.11)), (iii) le contribuable à l’égard duquel le débiteur initial était un débiteur déterminé au moment visé à l’alinéa b) : (A) soit cesse d’exister, (B) soit fait l’objet d’une unification avec une ou plusieurs autres sociétés en vue de former une seule société (appelée « nouvelle société » au paragraphe (6.11)). Continuation des prêts en amont — réorganisation (6.11) En cas d’application du présent paragraphe à un moment donné, les règles ci-après s’appliquent aux fins des paragraphes (6) et (7) à (15) et 39(2.1) et (2.2) et de l’alinéa 95(2)g.04) : a) si la condition énoncée au sous-alinéa (6.1)c)(i) est remplie : (i) la somme à verser au titre du prêt postérieur à l’opération est réputée être le même prêt ou la même dette que le prêt préalable à l’opération, (ii) le nouveau débiteur est réputé être le débiteur initial et en être la continuation; b) si la condition énoncée au sous-alinéa (6.1)c)(ii) est remplie : (i) la somme à recevoir au titre du prêt postérieur à l’opération est réputée être le même prêt ou la même dette que le prêt préalable à l’opération, (ii) le nouveau créancier est réputé être le créancier initial et en être la continuation; c) si la condition énoncée à la division (6.1)c)(iii)(A) est remplie : (i) sous réserve du sous-alinéa (ii), chaque entité qui détenait une participation dans le contribuable immédiatement avant la liquidation (appelée « entité remplaçante » au présent alinéa) est réputée être la même entité que le contribuable et en être la continuation, (ii) pour l’application du paragraphe (13) et de l’élément A de la formule figurant au paragraphe (14), un montant est réputé, relativement à un prêt ou une dette, avoir été inclus en vertu du paragraphe (6) dans (d) if the condition in clause (6.1)(c)(iii)(B) is met, the new corporation is deemed to be the same corporation as, and a continuation of, the taxpayer. (ii) pour l’application du paragraphe (13) et de la description de l’élément A au paragraphe (14), un montant relativement à un prêt ou à une dette est réputé avoir été inclus en application du paragraphe (6) dans le calcul du revenu de chaque entité remplaçante et être égal : (A) si le contribuable est une société de personnes, au montant qui peut être raisonnablement considéré comme la part de l’entité remplaçante (déterminée d’une manière conforme au calcul de sa part sur le revenu de la société de personnes selon le paragraphe 96(1) pour l’exercice final du contribuable) du montant déterminé relativement à un prêt ou à une dette qui devait être inclus en application du paragraphe (6) dans le calcul du revenu du contribuable; (B) sinon, à la proportion du montant déterminé, relativement à un prêt ou à une dette, inclus dans le calcul du revenu du contribuable en application du paragraphe (6), correspondant au rapport de la juste valeur marchande de la participation de l’entité remplaçante dans le contribuable, immédiatement avant la distribution des biens du contribuable lors de la liquidation, sur la juste valeur marchande totale de l’ensemble des participations dans le contribuable à ce moment; d) si la condition énoncée à la division (6.1)c)(iii)(B) est remplie, la nouvelle société est réputée être la même société que le contribuable et en être la continuation. Prêts adossés
Where, in a transaction or as part of a series of transactions, a taxpayer acquires a share of a corporation that the taxpayer controls (within the meaning assigned by subsection 186(2)) and it may reasonably be considered that one of the main purposes of the acquisition was to reduce or defer a potential interest on the taxpayer’s liability for tax under this Part, the share shall, for the purposes of section 127.2 and this Part (other than this subsection), be deemed not to have been acquired by the taxpayer and not to have been issued by the corporation until the end of that period. Avoidance of tax
Pour l’application du présent paragraphe et des paragraphes (6), (8) à (15) et 39.2(1) et (2.2) et de l’alinéa 95(2)g.04), si, à un moment donné, une société de personnes (appelées « prêteur intermédiaire » au présent paragraphe) consent un prêt à une autre personne ou société de personnes (appelées « emprunteur visé » au présent paragraphe) à un moment donné du fait qu’elle a reçu un prêt d’une tierce personne ou société de personnes (appelées « prêteur initial » au présent paragraphe), les règles ci-après s’appliquent : a) le prêt consenti par le prêteur intermédiaire à l’emprunteur visé est réputé, à ce moment, avoir été consenti par le prêteur initial à l’emprunteur visé (jusqu’à concurrence du prêt consenti par le prêteur initial au prêteur intermédiaire et du prêt consenti par le prêteur intermédiaire à l’emprunteur visé) selon les mêmes modalités que celles auxquelles il a été consenti par le prêteur intermédiaire et au même moment que celui où il a été consenti par lui; Exceptions to subsection (6) (d) subject to subsection (8.1), an upstream deposit owing to an eligible bank affiliate. Interpretation — partnerships Upstream deposit — eligible bank affiliate A - B - C where Sociétés de personnes — interprétation (8.01) Pour l’application de l’alinéa (8)(b), un emprunteur est considéré comme n’ayant pas de lien de dépendance avec un créancier seulement si les conditions suivantes sont réunies : a) il est entendu que l’emprunteur et le créancier n’ont pas de lien de dépendance; b) si l’emprunteur ou le créancier est une société de personnes et que l’autre partie ne l’est pas, aucun associé de la société de personnes n’a de lien de dépendance avec l’autre partie; c) lorsque l’emprunteur et le créancier sont des sociétés de personnes, ni l’emprunteur ni un associé de l’emprunteur n’a de lien de dépendance avec le créancier et chaque associé du créancier. Dépôt en amont — filiale bancaire admissible (8.1) Pour l’application du présent article, si la filiale bancaire admissible d’un contribuable qui est une banque canadienne admissible détient au titre du contribuable, à un moment donné au cours d’une année d’imposition donnée de la filiale ou de l’année d’imposition précédente, les règles ci-après s’appliquent : a) la filiale est réputée consentir au contribuable, immédiatement avant la fin de l’année donnée, un prêt d’un montant égal à la somme obtenue par la formule ci-après, les sommes y figurant devant toutes être exprimées en dollars canadiens : A - B - C où : A représente 90 % de la moyenne des sommes dont chacune représente, pour un mois civil se terminant dans l’année donnée, le montant le plus élevé, au cours du mois, des dépôts en amont détenus par la filiale, B la moins élevée des sommes suivantes : (i) l’excédent des liquidités excédentaires de la filiale pour l’année donnée sur la moyenne des sommes dont chacune représente, pour un mois civil se terminant dans l’année donnée, le montant le plus élevé, au cours du mois, des dettes canadiennes admissibles détenues par la filiale, (ii) la valeur de l’élément A, C l’excédent de la valeur de l’élément A pour l’année précédente sur la valeur de l’élément B pour cette année; b) si la somme obtenue par la formule figurant à l’alinéa a) était un montant négatif pour l’année donnée en l’absence de l’article 257 : (i) le contribuable est réputé verser immédiatement avant la fin de l’année donnée, en remboursement des prêts qui ont été consentis par la filiale en vertu de l’alinéa a) au cours d’une année d’imposition antérieure et qui n’ont pas été remboursés antérieurement, une somme égale à la valeur absolue du montant négatif, dans l’ordre dans lequel les prêts ont pris naissance, (ii) le remboursement est réputé ne pas faire partie d’une série de prêts ou d’autres opérations et remboursements. Sociétés : déduction de sommes incluses selon les paragraphes (6) ou (12)
Where, as part of a series of transactions or events one of the main purposes of which may reasonably be considered to be the avoidance of tax that might otherwise have been or become payable under Part II by any corporation, a particular corporation has issued a share in a taxation year in respect of which it has designated an amount under subsection 192(4), the particular corporation shall, on or before the last day of the second month after the end of the year, pay a tax under this Part for the year equal to 125% of the amount of tax under Part II that is or may be avoided by reason of the series of transactions or events. Tax on excess (7.1) Where a corporation has in a taxation year made an election under subsection 127.2(10) in respect of any share that was part of a distribution of shares referred to in that subsection, and at the end of that year or any subsequent taxation year, (a) the total of the amounts designated under subsection 192(4) in respect of those shares as evidenced by the prescribed information returns required by regulation to be filed with the Minister by a taxpayer other than the corporation b) the total of the amounts designated under subsection 192(4) in respect of those shares acquired by the taxpayer and in respect of which another taxpayer was required by regulation to provide the taxpayer with a prescribed information return relating to the designation under that subsection, the taxpayer is liable to pay a tax under this Part for the taxation year at the end of which there is such an excess equal to the amount of the excess, which tax is to be paid to the Receiver General within 60 days after the end of the taxation year, and the excess shall be included in determining the total under paragraph 193.7(1)(b) for any taxation year of the taxpayer subsequent to that year.
Est déduite dans le calcul du revenu pour une année d’imposition d’une société résidant au Canada une somme donnée relative au montant déterminé visé au paragraphe (6) ou à une somme visée au paragraphe (12), dans le calcul du revenu de la société pour l’année d’imposition relativement à un prêt donné ou à une dette donnée, si a) la société démontre que la somme donnée correspond au total des sommes (n’excédant pas le montant de la somme ainsi inclus) dont chacune serait raisonnablement considérée — si le montant déterminé visé au paragraphe (6) relativement au prêt donné ou à la dette donnée avait plutôt été payé, au moment appelé « moment du prêt » au sous-alinéa (i) et au paragraphe (11)) où le prêt donné a été consenti ou la dette donnée, contractée, par la société affiliée créancière ou la société de personnes créancière, selon le cas, à la société directement dans le cadre du versement d’un dividende unique ou indirectement dans le cadre du versement d’un ou de plusieurs dividendes provenant de la société de personnes — comme ayant été déductible, relativement au paiement, pour l’année d’imposition de la société dans laquelle le montant déterminé a été inclus dans son revenu en application du paragraphe (6), dans le calcul : (i) soit du revenu imposable de la société en application d’un ou de plusieurs des alinéas suivants : (A) l’alinéa 113(1)a), relativement au surplus exonéré — au moment du prêt, relativement à la société — d’une société étrangère affiliée de celle-ci, (B) l’alinéa 113(1)a.1), relativement au surplus hybride — au moment du prêt, relativement à la société — d’une société étrangère affiliée de celle-ci, si le montant de ce surplus hybride est \[A × (B – 0.5)] + (C × 0.5) where B) l’alinéa 113(1)a.1), relativement au surplus hybride — au moment du prêt, relativement à la société — d’une société étrangère affiliée de celle-ci, dans le cas où le montant de ce surplus est égal ou inférieur à la somme obtenue par la formule suivante : \[A × (B – 0,5)] + (C × 0,5) où : A représente le montant intrinsèque d’impôt hybride de la société affiliée relativement à la société au moment du prêt, B le facteur fiscal approprié, au sens du paragraphe 95(1), applicable à la société pour son année d’imposition qui comprend le moment du prêt, C le surplus hybride de la société affiliée relativement à la société au moment du prêt, C) l’alinéa 113(1)b), relativement au surplus imposable — au moment du prêt, relativement à la société — d’une société étrangère affiliée de celle-ci, D) l’alinéa 113(1)d), relativement au surplus antérieur à l’acquisition — au moment du prêt, relativement à la société — d’une société étrangère affiliée de celle-ci, jusqu’à concurrence du prix de base rajusté pour la société, au moment du prêt, des actions du capital-actions de la société affiliée et sauf dans le cas où le débiteur déterminé est : (I) une personne non-résidente avec laquelle la société a un lien de dépendance, (II) une société de personnes dont l’un des associés est une personne visée à la subdivision (I), (ii) soit du revenu de la société en application du paragraphe 91(5), relativement au surplus imposable d’une société étrangère affiliée de celle-ci, sauf si le débiteur déterminé est une personne ou une société de personnes visées aux subdivisions (i)(D)(I) ou (II); b) le surplus exonéré, le surplus hybride, le surplus imposable ou le prix de base rajusté en cause ne sont pas pris en compte pour l’application du présent paragraphe relativement à tout autre prêt consenti ou dette contractée, ou relativement à toute déduction demandée en application des paragraphes 91(5) ou 113(1) au titre d’un dividende versé, au cours de la période où le prêt donné ou la dette donnée est impayé; Income Tax PART I Income Tax DIVISION B Computation of Income
Sections 151, 152, 158 and 159, subsection 161(11), sections 162 to 167 and Division J of Part I are applicable to this Part with such modifications as the circumstances require. Refundable Tax on Corporations in Respect of Scientific Research and Experimental Development Tax Credit Corporation to pay tax
Corporate partners: application of subsection (9) (d) paragraph (9)(b) is to be read as follows: Impôt sur le revenu
In this Part, the Part VIII refund of a corporation for a taxation year means an amount equal to the lesser of i) the amount, if any, by which the scientific research and experimental development tax credit of
the corporation for the year exceeds the amount, if any, deducted by it under subsection 127.3(1) from its tax otherwise payable under Part I for the year, (iii) such amount as the corporation may claim, not exceeding 50% of the amount, if any, by which (A) the total of all expenditures made by it after April 19, 1983 and in the year or the immediately preceding taxation year each of which is an expenditure (other than an expenditure prescribed for the purposes of the definition qualified expenditure in subsection 127(9)) claimed under paragraph 37(1)(a) or 37(1)(b) to the extent that the expenditure is specified by the corporation in its return of income under Part I for the year exceeds the total of (B) the total of all expenditures each of which is an expenditure made by it in the immediately preceding taxation year, to the extent that the expenditure was included in determining the total under clause 194(2)(a)(ii)(A) and resulted in (I) a refund to it under this Part for the immediately preceding taxation year, (II) a deduction by it under subsection 37(1) for the immediately preceding taxation year, or (III) a deduction by it under subsection 127(5) for any taxation year, and (C) twice the portion of the total of amounts each of which is an amount deducted by it in computing its income for the year or the immediately preceding taxation year under section 37.1 that can reasonably be considered to relate to expenditures that were included in determining the total under clause 194(2)(a)(ii)(A), and (b) the refundable Part VIII tax on hand of the corporation at the end of the year. debt obligation has the meaning assigned by paragraph (d) of the description of A in the formula found in the definition scientific research and experimental development tax credit in subsection 127.3(2); (créance) refundable Part VIII tax on hand of a corporation at the end of a taxation year means the amount, if any, by which (a) the total of the taxes payable by it under this Part for the year and all preceding taxation years Corporation may designate amount
Every taxable Canadian corporation may, by filing a prescribed form with the Minister at any time on or before the last day of the month immediately following a month in which it issued a share or debt obligation or granted a right under a scientific research and experimental development financing contract (other than a share or debt obligation issued or a right granted before October, 1983, or a share in respect of which the corporation has, on or before that day, designated an amount under subsection 192(4)) designate, for the purposes of this Part and Part I, an amount in respect of that share, debt obligation or right not exceeding the amount by which (a) the amount of the consideration for which it was issued or granted, as the case may be, (b) in the case of a share, the amount of any assistance (other than an amount included in computing the scientific research and experimental development tax credit of a taxpayer in respect of that share) provided, or to be provided by a government, municipality or any other public authority in respect of, or for the acquisition of, that share. Computing paid-up capital after designation (4.1) Where a corporation has designated an amount under subsection 194(4) in respect of shares issued at any time after May 23, 1985, in computing, at any particular time after that time, the paid-up capital in respect of the class of shares of the capital stock of the corporation that includes those shares (a) there shall be deducted the amount, if any, by which (i) the increase as a result of the issue of those shares in the paid-up capital in respect of all shares of that class, determined without reference to this subsection as it applies to those shares, (ii) the amount, if any, by which the total amount of consideration for which those shares were issued exceeds 50% of the amount designated by the corporation under subsection 194(4) in respect of those shares; and (b) there shall be added an amount equal to the lesser of (i) the amount, if any, by which (A) the total of all amounts each of which is an amount deemed by subsection 84(3), 84(4) or 84(4.1) to be a dividend on shares of that class paid by the corporation after May 23, 1985 and before the particular time (B) the total that would be determined under clause 194(4.1)(b)(i)(A) if this Act were read without reference to paragraph 194(4.1)(a), and (ii) the total of all amounts each of which is an amount required by paragraph 194(4.1)(a) to be deducted in computing the paid-up capital in respect of that class of shares after May 23, 1985 and before the particular time. Where amount may not be designated (4.2) Notwithstanding subsection 194(4), no amount may be designated by a corporation in respect of (a) a share issued by the corporation after October 10, 1984, other than (i) a qualifying share issued before May 23, 1985, or (ii) a qualifying share issued after May 22, 1985 and before 1986 (A) under the terms of an agreement in writing entered into by the corporation before May 23, 1985, other than pursuant to an option to acquire the share if the option was not exercised before May 23, 1985, or (B) as part of a lawful distribution to the public in accordance with a prospectus, preliminary prospectus or registration statement filed before May 24, 1985 with a public authority in Canada pursuant to and in accordance with the securities legislation of Canada or of any province and, where required by law, accepted for filing by that public authority; (b) a share or debt obligation issued or a right granted by the corporation after October 10, 1984, other than a share or debt obligation issued or a right granted before 1986 (i) under the terms of an agreement in writing entered into by the corporation before October 11, 1984, other than pursuant to an option to acquire the share, debt obligation or right if the option was not exercised before October 11, 1984, or (ii) where arrangements, evidenced in writing, for the issue of the share or debt obligation or the granting of the right were substantially advanced before October 10, 1984; or (c) a share or debt obligation issued, or a right granted, at any time after June 15, 1984, by a corporation that was an excluded corporation (within the meaning assigned by subsection 127.1(2)) at that time.
Associés : application du paragraphe (9)
For the purposes of this Act, the Part VIII refund of a corporation for a taxation year shall be deemed to be an amount paid on account of its tax under this Part for the year on the last day of the second month following the end of the year. Definition of scientific research and experimental development financing contract
Pour l’application du paragraphe (9) à une société résidant au Canada qui est un associé d’une société de personnes à la fin d’un exercice de celle-ci, les règles s’appliquent : a) chaque somme qu’il est raisonnable de considérer comme représentant la part de la société (déterminée d’une manière conforme au calcul de sa part du revenu de la société de personnes au titre du paragraphe 96(1)) de chaque montant déterminé qui est inclus dans le calcul du revenu de la société de personnes pour l’exercice en cause en application du paragraphe (6), relativement à un prêt ou à une dette donné, est réputée être un montant déterminé à l’égard du prêt ou de la dette donné qui a été inclus dans le revenu de la société, pour son année d’imposition qui comprend le dernier jour de l’exercice; b) le sous-alinéa (9)a)(i) s’applique compte non tenu de sa division (D); c) le sous-alinéa (9)a)(ii) est réputé avoir le libellé suivant : (ii) soit du revenu de la société de personnes, visée au paragraphe (10), en application du paragraphe 91(5), relativement au surplus imposable d’une société étrangère affiliée de celle-ci, jusqu’à concurrence de la somme qu’il est raisonnable de considérer comme étant la part de la société sur la déduction (déterminée d’une manière conforme au calcul de sa part du revenu de la société de personnes au titre du paragraphe 96(1)); d) l’alinéa (9)b) est réputé avoir le libellé suivant : b) le surplus exonéré, le surplus hybride ou le surplus imposable en cause ne sont pas pris en compte pour l’application du présent paragraphe relativement à tout autre prêt consenti ou dette contractée, ou relativement à toute déduction demandée en vertu des paragraphes 91(5) ou 113(1) au titre d’un dividende versé, au cours de la période où le prêt donné ou la dette donnée est impayé; e) le paragraphe (9) s’applique compte non tenu de son alinéa c). Downstream surplus Add-back for subsection (9) deduction No double deduction A × B/C where Income Tax PART I Income Tax DIVISION B Computation of Income
In this Part, scientific research and experimental development financing contract means a contract in writing pursuant to which an amount is paid by a person to a corporation as consideration for the granting by the corporation to that person of any right, either absolute or contingent, to receive income, other than interest or dividends. Late designation
Definitions excess liquidity has the same meaning as in subsection 95(2.43). (liquidités excédentaires) A × (B − C) where D × E/F where Impôt sur le revenu
Where a taxable Canadian corporation that issued a share or debt obligation or granted a right under a scientific research and experimental development financing contract does not designate an amount under subsection 194(4) in respect of the share, debt obligation or right on or before the day on or before which the designation was required by that subsection, the corporation shall be deemed to have made the designation on that day if (a) the corporation has filed with the Minister a prescribed information return relating to the scientific research and experimental development tax credit in respect of the share, debt obligation or right within the time that it would have been so required to file the return had the designation been filed on that day, and (b) within 3 years after that day, the corporation has (i) designated an amount in respect of the share, debt obligation or right by filing a prescribed form with the Minister, and (ii) paid to the Receiver General, at the time the prescribed form referred to in subparagraph 194(7)(b)(i) is filed, an amount that is a reasonable estimate of the penalty payable by the corporation for the late designation in respect of the share, debt obligation or right, except that, where the Minister has mailed a notice to the corporation that a designation has not been made in respect of the share, debt obligation or right under subsection 194(4), the designation and payment described in paragraph 194(7)(b) must be made by the corporation on or before the day that is 90 days after the day of the mailing. Penalty for late designation
Where, pursuant to subsection 194(7), a corporation made a late designation in respect of a share or debt obligation issued, or a right granted, in a month, the corporation shall pay, for each month or part of a month that elapsed during the period beginning on the last day on or before which an amount could have been designated by the corporation under subsection 194(4) in respect of the share, debt obligation or right and ending on the day that the late designation is made, a penalty for the late designation in respect of the share, debt obligation or right in an amount equal to 1% of the amount designated in respect of the share, debt obligation or right, except that the maximum penalty payable under this subsection by the corporation for a month shall not exceed $500. Restriction
Where at any time a corporation has designated an amount under subsection 194(4) in respect of a share, debt obligation or right, no amount may be designated by the corporation at any subsequent time in respect of that share, debt obligation or right.
Corporation to make payment on account of tax
c le montant, relatif au prêt ou à la dette, qui est mentionné à l’élément A de la formule figurant à la définition de montant déterminé au paragraphe (15). Définitions
Where, in a particular month in a taxation year, a corporation issues a share or debt obligation, or grants a right, in respect of which it designates an amount under section 194, the corporation shall, on or before the last day of the month following the particular month, pay to the Receiver General on account of its tax payable under this Part for the year an amount equal to 50% of the total of all amounts so designated.
Les définitions qui suivent s’appliquent au présent article. banque canadienne admissible S’entend au sens du paragraphe 95(2.43). (eligible Canadian bank) débiteur déterminé Est un débiteur déterminé à un moment donné relativement à un contribuable résident au Canada : a) le contribuable; b) une personne avec laquelle le contribuable a un lien de dépendance à ce moment, à l’exception de l’une des sociétés suivantes : (A) une société non-résidente qui est une société étrangère affiliée du contribuable et dont, à ce moment, chaque action du capital-actions appartient à une ou plusieurs des personnes ou sociétés de personnes suivantes : (A) le contribuable, (B) une personne résidant au Canada, (C) une personne non-résidente sans lien de dépendance avec le contribuable, (D) une personne visée au sous-alinéa (i), (E) une société de personnes dont chacun des associés est visé à l’une des divisions (A) à (F); (F) une société dont des actionnaires est une personne visée à l’une des divisions (A) à (F); c) une société de personnes dont l’un des associés est à ce moment une personne ou une société de personnes qui est un débiteur déterminé relativement au contribuable par l’effet des alinéas a) ou b); d) si le contribuable est une société de personnes : (i) tout associé de la société de personnes qui est une société résidant au Canada, dans le cas où la C is, G × H / I where (b) in any other case, nil. (montant déterminé) (a) the taxpayer; société affiliée créancière ou un associé de la société de personnes créancière, selon le cas, est une société étrangère affiliée de la société à ce moment, (ii) une personne avec laquelle une société visée au sous-alinéa (i) a un lien de dépendance à ce moment, à l’exception d’une société étrangère affiliée contrôlée, au sens de l’article 17, de la société de personnes ou d’un associé de celle-ci qui détient dans celle-ci, directement ou indirectement, une participation qui représente au moins 90 % de la juste valeur marchande de l’ensemble de ces participations, (iii) une société de personnes dont l’un des associés est à ce moment une personne qui est un débiteur déterminé relativement au contribuable par l’effet des sous-alinéas (i) ou (ii). (specified debtor) dépôt en amont S’entend au sens du paragraphe 95(2.43). (upstream deposit) dettes canadiennes admissibles S’entend au sens du paragraphe 95(2.43). (eligible Canadian indebtedness) filiale bancaire admissible S’entend au sens du paragraphe 95(2.43). (eligible bank affiliate) liquidités excédentaires S’entend au sens du paragraphe 95(2.43). (excess liquidity) montant déterminé En ce qui concerne un prêt ou une dette qui est à inclure en application du paragraphe (6) dans le calcul du revenu d’un contribuable pour une année d’imposition, la somme obtenue par la formule suivante : A × (B − C) où : A représente le montant du prêt ou de la dette; B celui des pourcentages ci-après qui est applicable : a) dans le cas d’une société affiliée créancière du contribuable, le pourcentage qui serait le sien si le contribuable visé au paragraphe (6) était une société résidant au Canada, sa participation dans la société étrangère affiliée créancière (droit au surplus (déterminé, dans la présente définition, comme tenu du paragraphe 5901(1) du Règlement de l’impôt sur le revenu) relativement à la société affiliée créancière étrangère affiliée au moment du calcul) a dans la présente définition) visé au paragraphe (6), b) dans le cas d’une société de personnes créancière dont une société étrangère affiliée du contribuable est un associé, le total des pourcentages (B) persons resident in Canada, (d) if the taxpayer is a partnership, upstream deposit has the same meaning as in subsection 95(2.43). (dépôt en amont) [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 90; 2013, c. 34, s. 66; 2014, c. 39, s. 20; 2017, c. 33, s. 27; 2023, c. 26, s. 18. Conditions for application of subsection (1.2) (d) if subparagraph (b)(ii) applies, none of the following is the case: A – B where c) en cas d’application du sous-alinéa b)(i), la totalité ou une partie d’une somme visée à l’alinéa 95(2.f.1) accumulée en faveur de la société affiliée donnée au cours de la période de son année d’imposition normale qui précède le moment donné est exclue dans le calcul du revenu d’un autre contribuable parce que l’alinéa 95(2.f.1) s’applique du fait que le contribuable est, avant l’acquisition du contrôle, une société acquise désignée de cet autre contribuable; d) en cas d’application du sous-alinéa b)(ii), aucun des énoncés ci-après ne se vérifie : (i) les faits ci-après s’avèrent à l’égard de la modification mentionnée à ce sous-alinéa : (A) elle représente une baisse, (B) elle est égale au total des montants dont chacun correspond à la hausse — qui est raisonnable de considérer comme découlant de l’événement déclencheur — du pourcentage de participation total d’un autre contribuable, relativement à la société affiliée donnée, pour l’année d’imposition normale de celle-ci, si l’autre contribuable : (I) est une personne résidant au Canada (sauf une personne qui est, en vertu d’une disposition législative, exonérée de l’impôt prévu à la présente partie, ou une fiducie dont un bénéficiaire est ainsi exonéré de cet impôt), (II) est une personne liée au contribuable : 1 si l’événement déclencheur découle d’une liquidation du contribuable à laquelle s’applique le paragraphe 88(1), au moment donné, 2 sinon, immédiatement après le moment donné, (ii) l’événement déclencheur se produit lors d’une fusion, au sens du paragraphe 87(1), (iii) l’événement déclencheur est une acquisition ou disposition exclue, relativement à l’année d’imposition normale de la société affiliée donnée, (iv) si un ou plusieurs événements déclencheurs — dont tous sont visés au sous-alinéa b)(ii) et relativement auxquels aucunes des énoncés contenus aux sous-alinéas (i) à (iii) ne se vérifie — se produisent au cours de l’année d’imposition normale de la société affiliée donnée, le pourcentage obtenu par la formule ci-après ne dépasse pas 5 % : A - B où : A représente le total des montants dont chacun correspond à la hausse — qui est raisonnable de considérer comme découlant d’un événement déclencheur visé au sous-alinéa b)(ii) (sauf un événement déclencheur à l’égard duquel un énoncé contenu aux sous-alinéas (i) ou (ii) se vérifie) — du pourcentage de participation total du contribuable, relativement à la société affiliée donnée, pour l’année d’imposition normale de celle-ci, B le total des montants dont chacun correspond à la hausse — qui est raisonnable de considérer comme découlant d’un événement déclencheur visé au sous-alinéa b)(ii) (sauf un événement déclencheur à l’égard duquel un énoncé contenu aux sous-alinéas (i) ou (ii) se vérifie) — du pourcentage de participation total du contribuable, relativement à la société affiliée donnée, pour l’année d’imposition normale de celle-ci. Présomption de fin d’année (1.2) En cas d’application du présent paragraphe à un moment donné relativement à une société étrangère affiliée d’un contribuable donné résident au Canada, les règles ci-après s’appliquent au présent article, aux articles 18.2 et 92 et à la division 95(2)(f.11)(ii)(D) : a) relativement au contribuable donné et à chaque personne rattachée ou société de personnes rattachée relativement au contribuable donné, l’année d’imposition de la société affiliée qui, en l’absence du présent paragraphe, comprendrait le moment donné est réputée avoir pris fin au moment (appelé « moment de fin de période intermédiaire » au présent article) qui précède immédiatement le moment donné; b) si la société affiliée est, immédiatement après le moment donné, une société étrangère affiliée du contribuable donné ou une personne rattachée ou société de personnes rattachée relativement au contribuable donné, l’année d’imposition de la société affiliée suivant le moment de fin de période intermédiaire est réputée, relativement au contribuable donné ou à la personne rattachée, selon le cas, commencer immédiatement après le moment donné; Income Tax PART I Income Tax DIVISION B Computation of Income
Where a corporation is liable to pay tax under this Part and has failed to pay all or any part or instalment thereof on or before the day on or before which the tax or instalment, as the case may be, was required to be paid, it shall pay to the Receiver General interest at the prescribed rate on the amount that it failed to pay computed from the day on or before which the amount was required to be paid to the day of payment.
Definitions c) dans le calcul du revenu étranger accumulé, tiré de biens de la société affiliée pour l’année d’imposition visée à l’alinéa a) relativement au contribuable donné ou à une personne rattachée ou société de personnes rattachée relativement au contribuable donné, les opérations ou événements se produisant au moment donné ne sont réputés se produire à la fin de la période tampon. Définitions (1.3) Les définitions qui suivent s’appliquent au présent paragraphe et aux paragraphes (1.1) et (1.2). acquisition ou disposition exclue Est une acquisition ou une disposition exclue relativement à une année d’imposition d’une société étrangère affiliée d’un contribuable, l’acquisition ou la disposition d’une participation dans une société, société de personnes ou fiducie qu’il est raisonnable de considérer comme entraînant la modification du pourcentage de participation total du contribuable, relativement à la société affiliée pour l’année d’imposition de la société affiliée, à l’égard de laquelle le paragraphe (1.2) s’applique : a) la modification ou l’entité représente une entité exclue; b) il n’est pas raisonnable de considérer que l’un des principaux objets pour lesquels l’acquisition ou la disposition est effectuée à titre d’acquisition ou de disposition distincte consiste à éviter l’application du paragraphe (1.2). (excluded acquisition or disposition) événement déclencheur Les événements suivants : a) l’acquisition ou la disposition d’une participation dans une société, une société de personnes ou une fiducie; b) une modification des caractéristiques d’une action du capital-actions d’une société ou des droits à titre d’associé d’une société de personnes ou de bénéficiaire d’une fiducie; c) une disposition ou une modification d’un droit visé à l’alinéa 95(6)a). (triggering event) personne rattachée Est une personne rattachée relativement à un contribuable donné, à un moment donné où le paragraphe (1.2) s’applique relativement à une société étrangère affiliée du contribuable donné ou immédiatement après ce moment, réside Canada et remplit l’une des conditions suivantes : a) elle a un lien de dépendance avec le contribuable donné; (c) a disposition or change of a right referred to in paragraph 95(6)(a). (événement déclencheur) Election for application of subsection (1.2) b) elle n’a aucun lien de dépendance avec le contribuable donné et les énoncés ci-après se vérifient à son égard : (i) la société affiliée est la société étrangère affiliée de la personne au moment donné, (ii) il est raisonnable de considérer que le pourcentage de participation total de la personne, relativement à la société affiliée, pour l’année d’imposition ordinaire de la société affiliée ayant pris fin au cours de l’événement déclencheur ayant entraîné l’application du paragraphe (1.2). (connected partnership) pourcentage de participation total Est le pourcentage de participation total d’un contribuable, relativement à la société étrangère affiliée pour une année d’imposition de la société affiliée, le total des montants donnés dans le pourcentage de participation, relativement à la société affiliée, en ce qui concerne les actions du capital-actions d’une société appartenant au contribuable à la fin de l’année. (aggregate participating percentage) société de personnes rattachée Est une société de personnes rattachée relativement à un contribuable donné, ou immédiatement après ce moment, a) la société de personnes dont le contribuable donné ou une personne rattachée relativement au contribuable donné est, soit directement, soit indirectement par l’intermédiaire d’une ou de plusieurs sociétés de personnes, l’associé; b) si l’alinéa a) ne s’applique pas, à la fois : (i) la société étrangère affiliée est une société étrangère affiliée de la société de personnes au moment donné; (ii) le total du pourcentage de participation de la société de personnes à l’égard de la société étrangère affiliée pour l’année d’imposition normale de la société affiliée peut raisonnablement être considéré comme ayant augmenté en raison de l’événement déclencheur qui a donné lieu à l’application du paragraphe (1.2). (connected partnership) Choix visant l’application du paragraphe (1.2) (1.4) Si les conditions énoncées au paragraphe (1.1) ne sont pas remplies à un moment donné relativement à une société étrangère affiliée donnée d’un contribuable résident au Canada, le paragraphe (1.2) s’applique relativement à la société affiliée donnée à ce moment si les énoncés ci-après se vérifient : (1.5) [Repealed, 2017, c. 33, s. 28] a) les conditions énoncées à l’alinéa (1.1)a) sont remplies relativement à la société affiliée donnée à ce moment; b) immédiatement après ce moment, une disposition d’actions du capital-actions de la société affiliée donnée ou d’une autre société étrangère affiliée du contribuable qui avait un pourcentage d’intérêt (au sens du paragraphe 95(4)) dans la société affiliée donnée est effectuée par l’une des personnes suivantes : (i) le contribuable, (ii) une société étrangère affiliée contrôlée du contribuable; c) le contribuable et toutes les sociétés déterminées font le choix conjoint pour que le paragraphe (1.2) s’applique relativement à la disposition, dans un document présenté au plus tard à la première des dates d’échéance de production applicables aux contribuables qui font le choix, relativement à l’année d’imposition au cours de laquelle l’opération visée par le choix s’est produite; à cet effet, société déterminée s’entend de la société qui, au moment donné ou immédiatement après ce moment, remplit les conditions ci-après : (i) la société réside au Canada, (ii) la société a un lien de dépendance avec le contribuable, (iii) la société affiliée donnée est une société étrangère affiliée de la société, ou d’une société de personnes dont la société est, soit directement, soit indirectement par l’intermédiaire d’une ou de plusieurs sociétés de personnes, l’associé. (1.5) [Abrogé, 2017, ch. 33, art. 28] Provision en cas de restrictions relatives au change
For the purposes of computing interest payable by a corporation under subsection 195(3) for any month or months in the period commencing on the first day of a taxation year and ending two months after the last day of the year in which period the corporation has designated an amount under section 194 in respect of a share or debt obligation issued, or right granted, by it in a particular month in the year, the corporation shall be deemed to have been liable to pay, on or before the last day of the month immediately following the particular month, a part or an instalment of tax for the year equal to that proportion of the amount, if any, by which its tax payable under this Part for the year exceeds its Part VIII refund for the year that (a) the total of all amounts so designated by it under section 194 in respect of shares or debt obligations issued, or rights granted, by it in the particular month is of (b) the total of all amounts so designated by it under section 194 in respect of shares or debt obligations issued, or rights granted, by it in the year.
Lorsqu’une somme relative à une action a été incluse dans le calcul du revenu d’un contribuable pour une année d’imposition en vertu du paragraphe (1) ou (3) et que le ministre est convaincu que, en raison de l’application de restrictions relatives à la monnaie ou au change prévues par la législation d’un pays étranger, l’inclusion de la totalité de la somme sans déduction à titre de provision afférente à ce montant imposerait une contrainte excessive au contribuable, il peut être déduit, dans le calcul du revenu pour l’année, à titre de provision afférente à une somme ainsi incluse, une somme que le ministre juge raisonnable dans les circonstances. (a) the product obtained when and (d) a person or partnership referred to in any of subparagraphs (4.4)(a)(i) to (iii). duquel le revenu d’une société donnée — qui est, au cours de l’année de la société affiliée, une personne ou société de personnes intéressée par rapport à la société affiliée donnée — est assujetti à l’impôt sur le revenu, être propriétaire de moins que la totalité des actions du capital-actions de la société donnée qui sont considérées lui appartenir pour l’application de la présente loi; (ii) selon la législation fiscale (appelée « législation étrangère applicable » aux paragraphes (4.5) et (4.6)) d’un pays étranger sous le régime des lois duquel le revenu d’une société de personnes donnée — qui est, au cours de l’année de la société affiliée, une personne ou société de personnes intéressée par rapport à la société affiliée donnée — est assujetti à l’impôt sur le revenu, en être propriétaire de moins que la totalité des actions du capital-actions de la société donnée qui est inférieure à celle qu’il est considéré avoir pour l’application de la présente loi; b) dans le cas où le contribuable est une société de personnes, la part directe ou indirecte du revenu de la société de personnes d’un associé qui est, à un moment donné de l’année de la société affiliée, une personne résidant au Canada ou une société étrangère affiliée de cette personne, selon la législation étrangère applicable visée au paragraphe (4.6) d’un pays étranger sous le régime des lois duquel le revenu de la société de personnes est assujetti à l’impôt sur le revenu, est inférieure à la part qui lui revient pour l’application de la présente loi. Propriétaire déterminé (4.2) Pour l’application des paragraphes (4.1) et (4.5), est un propriétaire déterminé relativement à un contribuable à un moment donné le contribuable ou une personne ou une société de personnes qui est, à ce moment : a) une société de personnes dont le contribuable est un associé; b) une société étrangère affiliée du contribuable; c) une société de personnes dont l’un des associés est une société étrangère affiliée du contribuable; d) une personne ou une société de personnes mentionnée à l’un des sous-alinéas (4.4)a)(i) à (iii). Personnes ou société de personnes intéressée (4.3) Pour l’application du présent paragraphe et du paragraphe (4.1), est une personne ou société de personnes intéressée par rapport à une société étrangère affiliée donnée d’un contribuable à un moment donné la société Income Tax PART I Income Tax DIVISION B Computation of Income
Where a corporation that is liable to pay tax under this Part in respect of a share or debt obligation issued or a right granted by it wilfully, in any manner whatever, evades or attempts to evade payment of the tax and a purchaser of the share, debt obligation or right or, where the purchaser is a partnership, a member of the partnership knew or ought to have known, at the time the share, debt obligation or right was acquired, that the corporation would wilfully evade or attempt to evade payment for the purposes of section 127.3, the share, debt obligation or right shall be deemed not to have been acquired. Undue deferral
(c) a person or partnership referred to in any of subparagraphs (4.4)(b)(i) to (iii). Impôt sur le revenu
Where, in a transaction or as part of a series of transactions, a taxpayer acquires a share or debt obligation of a corporation or a right granted by a corporation and the corporation is controlled (within the meaning assigned by subsection 186(2)) by the taxpayer and it may reasonably be considered that one of the main purposes of the acquisition was to reduce for a period interest on the taxpayer’s liability for tax under this Part, the share, debt obligation or right shall, for the purposes of this Part (other than this subsection) and section 127.3, be deemed not to have been acquired by the taxpayer and not to have been issued or granted, as the case may be, by the corporation until the end of that period. Avoidance of tax
Where, as part of a series of transactions or events one of the main purposes of which may reasonably be considered to be the avoidance of tax that might otherwise have been payable under Part II of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, by any corporation, a particular corporation has issued a share or debt obligation or granted a right in a taxation year in respect of which it has designated an amount under subsection 194(4), the particular corporation shall, on or before the last day of the second month after the end of the year, pay a tax under this Part for the year equal to 125% of the amount of tax under Part II of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, that is or may be avoided by reason of the series of transactions or events. Tax on excess (7.1) Where a corporation has in a taxation year made an election under subsection 127.3(9) in respect of any share or debt obligation that was part of a distribution of shares or debt obligations referred to in that subsection and, at the end of that year or any subsequent taxation year, (a) the total of the amounts designated under subsection 194(4) in respect of those shares or debt obligations as evidenced by the prescribed information returns required by regulation to be filed with the Minister by a taxpayer other than the corporation exceeds (b) the total of the amounts designated under subsection 194(4) in respect of those shares or debt obligations acquired by the taxpayer and in respect of which another taxpayer was required by regulation to provide the taxpayer with a prescribed information return relating to the designation under that subsection, the taxpayer is liable to pay a tax under this Part, for the taxation year at the end of which there is such an excess, equal to 50% of the excess, which tax is to be paid to the Receiver General within 60 days after the end of the taxation year, and the excess shall be included in determining the total under paragraph 195(7.1)(b) for any taxation year of the taxpayer subsequent to that year.
Sections 151, 152, 158 and 159, subsection 161(11), sections 162 to 167 (except subsections 164(1.1) to 164(1.3)) and Division J of Part I are applicable to this Part with such modifications as the circumstances require and, for greater certainty, the Minister may assess, before the end of a taxation year, an amount payable under this Part for the year. Tax on Deduction Under Section 66.5 Tax in respect of cumulative offset account
affiliée donnée ou une personne ou une société de personnes qui est, à ce moment : a) une autre société étrangère affiliée du contribuable : (i) soit dans laquelle la société affiliée donnée a un pourcentage d’intérêt, (ii) soit qui a un pourcentage d’intérêt dans la société affiliée donnée; b) une société de personnes dont l’un des associés est, à ce moment, une personne ou société de personnes intéressée par rapport à la société affiliée donnée en vertu du présent paragraphe; c) une personne ou société de personnes mentionnée à l’un des sous-alinéas (4.4)b)(i) à (iii). Série d’opérations (4.4) Pour l’application des paragraphes (4.2) et (4.3), si, dans le cadre d’une série d’opérations ou d’événements ayant permis notamment de gagner le revenu étranger accumulé, bien déterminé d’un montant donné mentionné au paragraphe (4.1), une société étrangère affiliée (appelée « société de financement » au présent paragraphe) du contribuable ou d’une personne résidant au Canada qui lui est liée (appelée « personne liée » au présent paragraphe), ou une société de personnes (appelée « société de personnes de financement » au présent paragraphe) dont une telle société affiliée est associée, a fourni des fonds directement ou indirectement à la société affiliée donnée ou à une société de personnes dont elle est un associé, autrement qu’au moyen de prêts ou d’autres dettes qui sont assujettis à des modalités ou conditions convenues, relatives aux prêts ou autres dettes, qui ne diffèrent pas de celles qui seraient convenues ou imposées entre personnes sans lien de dépendance ou autrement qu’au moyen d’une acquisition d’actions du capital-actions d’une société, les règles ci-après s’appliquent : a) si la société de financement est une société étrangère affiliée de la personne liée ou si la société de personnes de financement compte un associé qui est une telle société affiliée, les personnes et les sociétés de personnes ci-après sont réputées être des propriétaires déterminés relativement au contribuable à tout moment où le revenu étranger accumulé, bien déterminé, tiré de biens est gagné par la société affiliée donnée : (i) la personne liée, (ii) chaque société étrangère affiliée de la personne liée, (ii) a non-resident corporation Exception — hybrid entities Exceptions — partnerships (iii) chaque société de personnes dont l’un des associés est une personne mentionnée aux sous-alinéas (i) ou (ii); b) les personnes et les sociétés de personnes ci-après sont réputées être des personnes ou sociétés de personnes intéressées par rapport à la société affiliée donnée à tout moment où le revenu étranger accumulé, tiré de biens est gagné par celle-ci : (i) la société de financement ou la société de personnes de financement, (ii) une société non-résidente : (A) soit dans laquelle la société de financement a un pourcentage d’intérêt, (B) soit qui a un pourcentage d’intérêt dans la société de financement, (iii) une société de personnes dont l’un des associés est une personne ou une société de personnes mentionnée aux sous-alinéas (i) ou (ii). Exception — entités hybrides (4.5) Pour l’application du sous-alinéa (4.1)a)(i), un propriétaire déterminé relativement au contribuable n’est pas considéré, selon la législation étrangère applicable, être propriétaire de moins que la totalité des actions du capital-actions d’une société qui sont considérées comme étant la propriété du contribuable pour l’application de la présente loi du seul fait que le propriétaire déterminé ou la société n’est pas traité comme une société selon la législation étrangère applicable. Exceptions — sociétés de personnes (4.6) Pour l’application du sous-alinéa (4.1)a)(ii) et de l’alinéa (4.1)b), l’associé d’une société de personnes n’est pas considéré, selon la législation étrangère applicable, avoir une part directe ou indirecte du revenu de la société de personnes qui est inférieure à celle qu’il a pour l’application de la présente loi du seul fait : a) que la législation étrangère applicable et la présente loi diffèrent sur l’un des points suivants : (i) la méthode de calcul du revenu de la société de personnes, (ii) la méthode de répartition du revenu de la société de personnes par suite de l’entrée de nouveaux associés ou du retrait d’associés, b) que la société de personnes est traitée comme une société selon la législation étrangère applicable; Income Tax PART I Income Tax DIVISION B Computation of Income
Every corporation that is liable to pay tax under this Part for a taxation year shall file with the Minister, not later than the day on or before which it is required under section 150 to file a return of its income for the year under Part I, a return for the year under this Part in prescribed form containing an estimate of the amount of tax payable by it under this Part for the year.
exceeds (5.1) to (5.3) [Repealed, 2009, c. 2, s. 23] Idem Impôt sur le revenu
Where a corporation is liable to pay tax for a taxation year under this Part, the corporation shall pay in respect of the year, to the Receiver General (a) on or before the last day of each month in the year, an amount equal to 1/12 of the amount of tax payable by it under this Part for the year; and (b) the remainder, if any, of the tax payable by it under this Part for the year, on or before its balance-due day for the year.
Sections 152, 158 and 159, subsections 161(1) and 161(2), sections 162 to 167 and Division J of Part I are applicable to this Part, with such modifications as the circumstances require. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.]
Tax on Sift Partnerships
non-portfolio earnings, of a SIFT partnership for a taxation year, means the total of (a) the amount, if any, by which (i) the total of all amounts each of which is the SIFT partnership’s income for the taxation year from a business carried on by it in Canada or from a non-portfolio property, other than income that is a taxable dividend received by the SIFT partnership, (ii) the total of all amounts each of which is the SIFT partnership’s loss for the taxation year from a business carried on by it in Canada or from a non-portfolio property, and (b) the amount, if any, by which all taxable capital gains of the SIFT partnership from dispositions of non-portfolio properties during the taxation year exceeds the total of the allowable capital losses of the SIFT partnership for the taxation year from dispositions of non-portfolio properties during the taxation year. (gains hors portefeuille) SIFT partnership, being a specified investment flow-through partnership, for any taxation year, means a partnership other than an excluded subsidiary entity (as defined in subsection 122.1(1)) for the taxation year that meets the following conditions at any time during the taxation year: (a) the partnership is a Canadian resident partnership; (b) investments (as defined in subsection 122.1(1)) in the partnership are listed or traded on a stock exchange or other public market; and taxable non-portfolio earnings of a SIFT partnership, for a taxation year, means the lesser of (a) the amount that would, if the SIFT partnership were a taxpayer for the purposes of Part I and if subsection 96(1) were read without reference to its paragraph (d), be its income for the taxation year as determined under section 3; and (b) its non-portfolio earnings for the taxation year. Tax on partnership income
c) que l’associé n’est pas traité comme une société selon la législation étrangère applicable. Propriété réputée (4.7) Pour l’application du paragraphe (4.1), si un propriétaire déterminé est propriétaire, pour l’application de la présente loi, d’actions du capital-actions d’une société et que les dividendes, ou des sommes semblables, relatifs à ces actions sont traités selon la législation fiscale d’un pays étranger sous le régime duquel tout revenu de la société est assujetti à l’impôt sur le revenu à titre d’intérêts ou d’une autre forme de paiement déductible, le propriétaire déterminé est réputé être considéré, selon cette législation, être propriétaire de moins que la totalité des actions du capital-actions de la société qui sont considérées lui appartenir pour l’application de la présente loi. Montants déductibles à l’égard de dividendes reçus
Every partnership that is a SIFT partnership for a taxation year is liable to a tax under this Part equal to the amount determined by the formula A is the taxable non-portfolio earnings of the SIFT partnership for the taxation year; B is the net corporate income tax rate in respect of the SIFT partnership for the taxation year; and C is the provincial SIFT tax rate of the SIFT partnership for the taxation year.
Lorsque, au cours d’une année d’imposition, un contribuable résident au Canada a reçu un dividende sur une action du capital-actions d’une société étrangère affiliée contrôlée du contribuable, il peut être déduit, à l’égard de la partie du dividende qui est prescrite être payée sur le surplus imposable de l’affiliée, dans le calcul du revenu du contribuable pour l’année, la moins élevée des sommes suivantes : a) l’excédent de la partie du dividende sur le montant déductible à cet égard en vertu de l’alinéa 113(1)b), et b) l’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le total des montants qui doivent, aux termes de l’alinéa 92(1)a), être ajoutés dans le calcul du prix de base rajusté de l’action, pour lui, avant qu’il ait reçu le dividende, (ii) le total des montants qui doivent, aux termes de l’alinéa 92(1)b), être déduits dans le calcul du prix de base rajusté de l’action, pour lui, avant qu’il ait reçu ce dividende. (5.1) à (5.3) [Abrogés, 2009, ch. 2, art. 23] Idem
This Part and section 122.1 are to be applied as if this Act were read without reference to subsection 96(1.11). Partnership to file return
Pour l’application du paragraphe (5), dans le cas où un contribuable — société canadienne imposable — acquiert une action du capital-actions d’une société étrangère affiliée auprès d’une autre société résidant au Canada avec laquelle il ne traite pas à distance, le montant à ajouter ou à déduire en application de l’article 92 dans le calcul du prix de base rajusté de l’action pour NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 91; 1994, c. 7, Sch. II, s. 86; 2000, c. 17, s. 68; 2001, c. 25, s. 42; 2009, c. 2, s. 23; 2012, c. 31, s. 28; 2017, c. 33, s. 28; 2024, c. 15, s. 21. l’autre société est réputé être ainsi à ajouter ou à déduire dans le calcul du prix de base rajusté de l’action pour le contribuable. Actions acquises d’une société de personnes
Every member of a partnership that is liable to pay tax under this Part for a taxation year shall — on or before the day on or before which the partnership return is required to be filed for the year under section 229 of the Income Tax Regulations — file with the Minister a return for the taxation year under this Part in prescribed form containing an estimate of the tax payable by the partnership under this Part for the taxation year.
Pour l’application du paragraphe (5), lorsqu’un contribuable résident au Canada acquiert d’une société de personnes une action du capital-actions d’une société qui, immédiatement après l’acquisition, est une société étrangère affiliée du contribuable et que le contribuable, ou une société résidant au Canada avec laquelle il n’était pas lié de dépendance au moment de l’acquisition de l’action, était un associé de la société de personnes à un moment donné d’un exercice de celle-ci ayant commencé avant l’acquisition, les prescriptions suivantes s’appliquent : a) la partie d’un montant à ajouter, en application du paragraphe 92(1), au prix de base rajusté, pour la société de personnes, de l’action du capital-actions de la société affiliée qui correspond au montant inclus dans le revenu de l’associé par l’effet du paragraphe 96(1) à l’égard du montant inclus dans le revenu de la société de personnes en application des paragraphes 91 (1) ou (3) en ce qui concerne la société étrangère affiliée et ajouté au prix de base rajusté de l’action; b) la partie d’un montant à déduire, en application du paragraphe 92(1), du prix de base rajusté, pour la société de personnes, de l’action du capital-actions de la société affiliée qui correspond au montant dont le revenu de l’associé provenant de la société de personnes selon le paragraphe 96(1) a été réduit en raison du montant déduit dans le calcul du revenu de la société de personnes en application des paragraphes 91 (2), (4) ou (5) et déduit du prix de base rajusté est réputée être un montant à ajouter ou à déduire, en application du paragraphe 92(1), dans le calcul du prix de base rajusté de l’action pour le contribuable. NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés : L.R. (1985), ch. 1 (5e suppl.), art. 91; 1994, ch. 7, ann. II, art. 86; 2000, ch. 17, art. 68; 2001, ch. 25, art. 42; 2009, ch. 2, art. 23; 2012, ch. 31, art. 28; 2017, ch. 33, art. 28; 2024, ch. 15, art. 21. Prix de base rajusté d’une action d’une société étrangère affiliée 92 (1) Dans le calcul, au moment donné d’une année d’imposition, du prix de base rajusté, pour un contribuable qui réside au Canada, d’une action lui appartenant au capital-actions de l’une de ses sociétés étrangères affiliées : a) est ajouté relativement à l’action toute somme qui est incluse relativement à l’action, en application des paragraphes 91(1) ou (3), dans le calcul du revenu du Adjustment for prescribed amount Adjustment re adjusted cost base contribuable pour l’année ou pour une année d’imposition antérieure (ou qui aurait été à inclure dans ce calcul en l’absence du paragraphe 56(4.1) et des articles 74.1 à 75 de la présente loi et de l’article 74 de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts revisés du Canada de 1952). Toutefois, si la somme ainsi incluse est supérieure à celle qui l’aurait été par l’effet de l’application de la division 95(2.11)(ii)(D), la somme ajoutée en vertu du présent alinéa est celle qui aurait été ainsi incluse en l’absence de cette division; b) sont déduits relativement à l’action : (i) toute somme qui est déduite par le contribuable, en application des paragraphes 91(2) ou (4), dans le calcul de son revenu pour l’année ou pour une année d’imposition antérieure (ou qui aurait été à déduire par lui en l’absence du paragraphe 56(4.1) et des articles 74.1 à 75 de la présente loi et de l’article 74 de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts revisés du Canada de 1952), (ii) tout dividende reçu par le contribuable avant ce moment, dans la mesure où ce montant a été déduit par lui relativement au dividende, en application du paragraphe 91(5), dans le calcul de son revenu pour une année ou pour une année d’imposition antérieure (ou qui aurait été à déduire par lui en l’absence du paragraphe 56(4.1) et des articles 74.1 à 75 de la présente loi et de l’article 74 de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts revisés du Canada de 1952). Rajustement — somme visée par règlement (1.1) La somme visée par règlement est ajoutée dans le calcul du prix de base rajusté, pour l’une des entités ci-après, d’une action du capital-actions d’une société étrangère affiliée d’une société résidant au Canada : a) une autre société étrangère affiliée de la société; b) une société de personnes dont une autre société étrangère affiliée de la société est un associé. Rajustement du prix de base rajusté (1.2) Est à ajouter dans le calcul du prix de base rajusté pour un contribuable d’une action du capital-actions d’une société étrangère affiliée de celui-ci tout montant devant être ajouté dans ce calcul aux termes de l’alinéa 93(4)b). Déduction dans le calcul du prix de base rajusté
For the purposes of subsection (4), if, in respect of a taxation year of a partnership, a particular member of the partnership has authority to act for the partnership, (a) if the particular member has filed a return as required by this Part for a taxation year, each other person who was a member of the partnership during the taxation year is deemed to have filed the return; and (b) a return that has been filed by any other member of the partnership for the taxation year is not valid and is deemed not to have been filed by any member of the partnership.
Dans le calcul, au moment donné d’une année d’imposition : Income Tax PART I Income Tax DIVISION B Computation of Income
Subsection 150(2), section 152, subsections 157(1), (2.1) and (4), sections 158, 159 and 161 to 167 and Division J of Part I apply to this Part, with any modifications that the circumstances require, and for greater certainty, (a) a notice of assessment referred to in subsection 152(2) in respect of tax payable under this Part is valid notwithstanding that a partnership is not a person; and (b) notwithstanding subsection 152(4), the Minister may at any time make an assessment or reassessment of tax payable under this Part or Part I to give effect to a determination made by the Minister under subsection 152(1.4), including the assessment or reassessment of tax payable in respect of the disposition of an interest in a SIFT partnership by a member of the partnership.
exceeds Idem (A - B) × (C/D) where Impôt sur le revenu
Every SIFT partnership shall pay to the Receiver General, on or before its SIFT partnership balance-due day for each taxation year, its tax payable under this Part for the taxation year. Application of definition SIFT partnership
The definition SIFT partnership applies to a partnership for a taxation year of the partnership that ends after 2006, except that if the partnership would have been a SIFT partnership on October 31, 2006 had that definition been in force and applied to the partnership as of that date, that definition does not apply to the partnership for a taxation year of the partnership that ends before the earlier of
(b) the first day after December 15, 2006 on which the partnership exceeds normal growth as determined by reference to the normal growth guidelines issued by the Department of Finance on December 15, 2006, as amended from time to time, unless that excess arose as a result of a prescribed transaction. Taxes on Deferred Profit Sharing Plans and Revoked Plans Tax on non-qualified investments and use of assets as security
(b) uses or permits to be used any property of the trust as security for a loan, shall pay a tax equal to the fair market value of (c) the non-qualified investment at the time it was acquired by the trust, or
a) du prix de base rajusté, pour une société résidant au Canada (appelée un « propriétaire » au présent paragraphe), d’une action du capital-actions d’une société étrangère affiliée de cette société, ou b) du prix de base rajusté, pour une société étrangère affiliée (appelée un « propriétaire » au présent paragraphe) d’une personne résidant au Canada, d’une action du capital-actions d’une autre société étrangère affiliée de cette personne, il doit être déduit, relativement à tout dividende sur cette action reçu par le propriétaire de celle-ci avant ce moment, une somme égale à l’excédent éventuel du montant calculé à l’alinéa c) sur c) la partie du montant du dividende ainsi reçu qui était déductible, en vertu de l’alinéa 113(1)d), du revenu du propriétaire pour l’année dans le calcul de son revenu imposable pour l’année ou qui aurait été déductible si le propriétaire avait été une société résidant au Canada; par d) la fraction de tout impôt sur le revenu ou sur les bénéfices, payé par le propriétaire au gouvernement d’un pays étranger, qui peut raisonnablement être considérée comme ayant été payée relativement à la partie de la somme visée à l’alinéa c). Idem
A trustee of a trust liable to pay tax under subsection 198(1) shall remit the amount of the tax to the Receiver General within 10 days of the day on which the non-qualified investment is acquired or the property is used as security for a loan, as the case may be. Trustee liable for tax
Dans le calcul, à un moment donné d’une année d’imposition, du prix de base rajusté, pour une société résidant au Canada, de toute action du capital-actions d’une société étrangère affiliée de la société, il est déduit une somme relativement à tout dividende reçu sur l’action par la société avant ce moment, égale à la fraction du montant ainsi reçu qui a été déduite, en vertu du paragraphe 113(2), du revenu de la société pour l’année ou toute année d’imposition antérieure dans le calcul de son revenu imposable. Disposition d’une participation dans une société de personnes
Where a trustee of a trust liable to pay tax under subsection 198(1) does not remit to the Receiver General the amount of the tax within the time specified in subsection 198(2), the trustee is personally liable to pay on behalf of the trust the full amount of the tax and is entitled to recover from the trust any amount paid by the trustee as tax under this section. Refund of tax on disposition of non-qualified investment
Lorsqu’une société résidant au Canada ou une société étrangère affiliée d’une telle société dispose, à un moment donné, de tout ou partie d’une participation dans une société de personnes dont elle est un associé, le montant calculé par la formule suivante est ajouté dans le calcul du produit de disposition de cette participation : (A - B) × (C/D) où : A représente l’excédent éventuel du total visé à l’alinéa a) sur le total visé à l’alinéa b); a) le total des montants représentant chacun un montant que l’associé pouvait déduire de son revenu, en application de l’alinéa 113(1)d), dans le calcul de son revenu imposable pour une des années d’imposition ayant commencé avant le moment donné, ou aurait pu ainsi déduire s’il avait été une société résidant au Canada, au titre d’une partie d’un dividende reçu par la société de personnes, b) le total des montants représentant chacun la partie de l’impôt sur le revenu ou sur les bénéfices payé par la société de personnes, ou l’un de ses associés, au gouvernement d’un pays étranger qu’il est raisonnable de considérer comme ayant été payé au titre de la part de dividende visée à l’alinéa a) revenant à l’associé; B la somme des totaux suivants : a) le total des montants représentant chacun un montant ajouté, en application du présent paragraphe, dans le calcul du produit que l’associé a tiré de la disposition, effectuée avant le moment donné, d’une autre participation dans la société de personnes, b) le total des montants représentant chacun un montant réputé par le paragraphe (5) être un gain que l’associé a tiré de la disposition d’une action effectuée par la société de personnes avant le moment donné; C le prix de base rajusté, immédiatement avant le moment donné, de la partie de la participation de l’associé dans la société de personnes dont celui-ci a disposé au moment donné; D le prix de base rajusté, immédiatement avant le moment donné, de la participation de l’associé dans la société de personnes immédiatement avant le moment donné. Présomption de gain provenant de la disposition d’une action
Where a trust disposes of a property that, when acquired, was a non-qualified investment, the trust is, on application in accordance with section 202, entitled to a refund of an amount equal to the lesser of (a) the amount of the tax imposed under this section as a result of the acquisition of the property, and (b) the proceeds of disposition of the property. Refund of tax on recovery of property given as security
Lorsqu’une société de personnes dispose, à un moment donné, d’une action du capital-actions d’une société au cours de son exercice qui, à la fin de cet exercice, une société résidant au Canada ou une société étrangère affiliée d’une telle société est un associé de la société de personnes, le montant déterminé en application du paragraphe (6) relativement à cet associé est réputé être un gain de ce dernier provenant de la disposition de l’action par la société de personnes pour l’année d’imposition de l’associé dans laquelle l’exercice de la société de personnes prend fin. Formula A - B where exceeds R.S., 1985, c. 1 (5th Supp.), s. 92; 2001, c. 17, s. 69; 2007, c. 35, s. 26; 2009, c. 2, s. 24; 2013, c. 34, ss. 31, 67; 2024, c. 15, s. 22. Election re disposition of share of foreign affiliate Income Tax PART I Income Tax DIVISION B Computation of Income
Where a loan, for which a trust has used or permitted to be used trust property as security, ceases to be extant, the trust is, on application in accordance with section 202, entitled to a refund of an amount equal to the amount remaining, if any, when (a) the net loss (exclusive of payments by the trust as or on account of interest) sustained by the trust in consequence of its using or permitting to be used the property as security for the loan and not as a result of a change in the fair market value of the property is deducted from (b) the tax imposed under this section in consequence of the trust’s using or permitting to be used the property as security for the loan. Special rules relating to life insurance policies
exceeds (ii) the elected amount. Application of subsection (1.11) (1.1) Subsection (1.11) applies if Impôt sur le revenu
For the purposes of this section, (a) the acquisition of an interest in or the payment of an amount under a life insurance policy shall be deemed not to be the acquisition of a non-qualified investment, and (b) the disposition of an interest in a life insurance policy shall be deemed not to be the disposition of a non-qualified investment, except that where a trust governed by a deferred profit sharing plan or revoked plan makes a payment under or to acquire an interest in a life insurance policy, other than a life insurance policy under which (c) the trust is, or by virtue of the payment about to become, the only person entitled to any rights or benefits under the policy (other than the rights or benefits of the insurer),
(d) the cash surrender value of the policy (exclusive of accumulated dividends) is or will be, at or before the end of the year in which the insured person attains 71 years of age, if all premiums under the policy are paid, not less than the maximum total amount (exclusive of accumulated dividends) payable by the insurer under the policy, and (e) the total of the premiums payable in any year under the policy is not greater than the total of the amounts that, if the annual premiums had been payable in monthly instalments, would have been payable as such instalments in the 12 months commencing with the date the policy was issued, the making of the payment shall be deemed to be the acquisition of a non-qualified investment at a cost equal to the amount of the payment. (6.1) A life insurance policy giving an option to the policyholder to receive annuity payments that otherwise complies with paragraph 198(6)(d) shall be deemed, (a) where the option has not been exercised, to comply with that paragraph; and (b) where at a particular time the option is exercised, to have been disposed of at that time for an amount equal to the cash surrender value of the policy immediately before that time, and an annuity contract shall be deemed to have been acquired at that time at a cost equal to that amount.
Notwithstanding subsection 198(6), where the total of all payments made in a year by a trust governed by a deferred profit sharing plan or revoked plan under or to acquire interests in life insurance policies in respect of which the trust is the only person entitled to any rights or benefits (other than the rights or benefits of the insurer) does not exceed an amount equal to 25% of the total of all amounts paid by employers to the trust in the year under the plan for the benefit of beneficiaries thereunder, the making of the payments under or to acquire interests in such policies shall be deemed, for the purposes of this section, not to be the acquisition of non-qualified investments.
Where a trust surrenders, cancels, assigns or otherwise disposes of its interest in a life insurance policy, (a) the trust shall be deemed, for the purposes of subsection 198(4), to have disposed of each non-qualified investment that, by virtue of payments under the policy, it was deemed by subsection 198(6) to have acquired; and (b) the proceeds of the disposition shall be deemed to be the amount, if any, by which (i) the amount received by the trust in consequence of the surrender, cancellation, assignment or other disposition of its interest in the policy exceeds the total of (ii) each amount paid by the trust under or to acquire an interest in the policy, the payment of which is deemed by this section not to be the acquisition of a non-qualified investment, and (iii) the cash surrender value on December 21, 1966 of the interest of the trust in the policy on that date. Tax on initial non-qualified investments not disposed of
(i) être un dividende que la société cédante ou la société affiliée cédante, selon le cas, a reçu de l’action de la société affiliée donnée immédiatement avant ce moment, (ii) ne pas avoir été reçu par la société cédante ou la société affiliée cédante, selon le cas, à titre de produit de disposition relativement à la disposition de l’action; b) en cas d’application du paragraphe 40(3) à la société cédante ou la société affiliée cédante, selon le cas, relativement à l’action, le montant réputé en vertu de ce paragraphe être le gain de cette société tiré de la disposition de l’action est, sauf pour l’application de l’alinéa 53(1)a), réputé être égal à l’excédent du montant visé au sous-alinéa (i) sur celui visé au sous-alinéa (ii) : (i) le montant réputé, en vertu de ce paragraphe, être le gain tiré de la disposition de l’action, déterminé compte non tenu de présent alinéa, (ii) le montant indiqué dans le document concernant le choix. Application du paragraphe (1.11) (1.1) Le paragraphe (1.11) s’applique si l’un des faits ci-après s’avère : a) une société étrangère affiliée donnée d’une société résidant au Canada dispose, à un moment donné, d’une action (appelée « action cédée » au présent alinéa et au paragraphe (1.11)) du capital-actions d’une autre société étrangère affiliée de cette société et aurait, en l’absence des paragraphes (1) et (1.11), un gain en capital provenant de la disposition de l’action cédée; b) en l’absence des paragraphes (1) et (1.11), une société résidant au Canada serait réputée en vertu du paragraphe 40(3), en raison d’un choix fait en vertu du paragraphe 90(3) ou au sous-alinéa 5901(2)b)(ii) du Règlement de l’impôt sur le revenu, avoir réalisé un gain en capital, à un moment donné, tiré de la disposition d’une action (appelée « action cédée » au paragraphe (1.11)) du capital-actions d’une de ses sociétés étrangères affiliées. Choix réputé (1.11) En cas d’application du présent paragraphe, la société résidant au Canada visée au paragraphe (1.1) est réputée : a) avoir fait un choix, au moment visé au paragraphe (1.1), en vertu du paragraphe (1) relativement à la disposition de l’action cédée; et Income Tax PART I Income Tax DIVISION B Computation of Income
(a) for 1967, equal to the amount, if any, by which 20% of the initial base of the trust exceeds the proceeds of disposition of its initial non-qualified investments disposed of after December 21, 1966 and before 1968; (b) for 1968, equal to the amount, if any, by which 40% of the initial base of the trust exceeds the total of (i) the proceeds of disposition of its initial non-qualified investments disposed of after December 21, 1966 and before 1969, and (ii) the tax payable by the trust determined under paragraph 199(1)(a); (c) for 1969, equal to the amount, if any, by which 60% of the initial base of the trust exceeds the total of
(a) twice (ii) if subsection (1.3) applies, the prescribed amount Impôt sur le revenu
(ii) the proceeds of disposition of its initial non-qualified investments disposed of after December 21, 1966 and before 1970, and (iii) the tax payable by the trust determined under paragraphs 199(1)(a) and 199(1)(b); and (i) the proceeds of disposition of its initial non-qualified investments disposed of after December 21, 1966 and before 1971, and (ii) the tax payable by the trust determined under paragraphs 199(1)(a), 199(1)(b) and 199(1)(c).
Where at the end of a year, (a) the total of all taxes paid by a trust under subsection 199(1) (i) all refunds made to the trust under this subsection, and (ii) the amount, if any, by which the initial base of the trust exceeds the proceeds of disposition of its initial non-qualified investments disposed of after December 21, 1966 and before the end of the year, the trust is, on application in accordance with section 202, entitled to a refund equal to the amount by which the total described in paragraph 199(2)(a) exceeds the total described in paragraph 199(2)(b). [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.]
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] Tax where inadequate consideration on purchase or sale
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] Returns and payment of estimated tax
a) d’une part, avoir fait, au moment mentionné au paragraphe (1.1), le choix prévu au paragraphe (1) relativement à la disposition de l’action cédée; b) d’autre part, avoir indiqué, dans le document concernant le choix, la somme visée par règlement relativement à la disposition de l’action cédée. Disposition d’actions d’une société étrangère affiliée détenues par une société de personnes (1.2) Dans le cas où une société donnée résidant au Canada ou une société étrangère affiliée de celle-ci (chacune étant appelée « société cédante » au présent paragraphe) tirerait, si ce n’était le présent paragraphe, un gain en capital imposable de la disposition, effectuée à un moment donné par une société de personnes, d’actions d’une catégorie du capital-actions d’une société étrangère affiliée de la société donnée, les présomptions suivantes s’appliquent si cette dernière en fait le choix selon les modalités réglementaires relativement à la disposition : a) est réputé avoir été un dividende reçu immédiatement avant le moment mentionné par la société donnée relativement à ces actions, lequel montant ne peut dépasser la proportion du gain en capital imposable de la société de personnes que représente le nombre de ces actions de la société étrangère affiliée, qui correspond à l’excédent éventuel du nombre de ces actions qui étaient réputées appartenir à la société cédante pour l’application du paragraphe 93.1(1) immédiatement avant la disposition sur le nombre de ces actions qui étaient réputées appartenir à la société cédante pour l’application de ce paragraphe immédiatement après la disposition, par rapport au nombre d’actions de la société étrangère affiliée qui appartenaient à la société de personnes immédiatement avant la disposition, (i) le montant indiqué par la société donnée relativement à ces actions, lequel montant ne peut dépasser la proportion du gain en capital imposable de la société de personnes que représente le nombre de ces actions de la société étrangère affiliée, qui correspond à l’excédent éventuel du nombre de ces actions qui étaient réputées appartenir à la société cédante pour l’application du paragraphe 93.1(1) immédiatement avant la disposition sur le nombre de ces actions qui étaient réputées appartenir à la société cédante pour l’application de ce paragraphe immédiatement après la disposition; (ii) en cas d’application du paragraphe (1.3), la somme visée par règlement; b) malgré l’article 96, le gain en capital imposable de la société cédante tiré de la disposition de ces actions est réputé égal à l’excédent éventuel de ce gain, Application of subsection (2.01)
(a) file with the Minister a return for the year under this Part in prescribed form and containing prescribed information, without notice or demand therefor; (b) estimate in the return the amount of tax payable by the trust under this Part for the year; (c) estimate in the return the amount of any refund to which the trust is entitled under this Part for the year; and (d) pay to the Receiver General the unpaid balance of the trust’s tax for the year minus any refund to which it is entitled under this Part, or apply in the return for any amount owing to it. Consideration of application for refund
Subsection (2.01) applies if déterminé par ailleurs, sur le montant indiqué par la société donnée relativement aux actions; c) pour l’application des dispositions réglementaires prises en application du présent paragraphe, la société cédante est réputée avoir disposé du nombre des actions de la société étrangère affiliée qui correspond à l’excédent éventuel du nombre des actions qui étaient réputées appartenir à la société cédante pour l’application du paragraphe 93.1(1) immédiatement avant la disposition sur le nombre de ces actions qui étaient réputées appartenir à la société cédante pour l’application de ce paragraphe immédiatement après la disposition; d) pour l’application de l’article 113 relativement au dividende visé à l’alinéa a), la société cédante est réputée avoir été propriétaire des actions qui ont donné lieu à ce dividende; e) lorsque la société cédante obtient un gain en capital imposable de la société de personnes par suite de l’application du paragraphe 40(3) à cette dernière relativement à ces actions, les actions sont réputées avoir été disposées de conformément au présent paragraphe. Présomption (1.3) Lorsqu’une société étrangère affiliée d’une société donnée résidant au Canada tire un gain de la disposition, effectuée à un moment donné par une société de personnes, d’actions d’une catégorie du capital-actions d’une société étrangère affiliée de la société donnée qui sont des biens exclus, la société donnée est réputée avoir fait le choix prévu au paragraphe (1.2) relativement au nombre d’actions de la société étrangère affiliée qui correspond à l’excédent du nombre de ces actions qui étaient réputées appartenir à la société donnée pour l’application du paragraphe 93.1(1) immédiatement avant la disposition sur le nombre de ces actions qui étaient réputées appartenir à la société donnée relativement à ce paragraphe immédiatement après la disposition. Application du paragraphe (2.01)
Where a trustee of a trust has made application for an amount owing to it pursuant to subsection 202(1), the Minister shall (b) determine the amount of any refund; and (c) send to the trustee a notice of refund and any amount owing to the trust, or a notice that no refund is payable.
Le paragraphe (2.01) s’applique si l’un des faits ci-après s’avère : a) une société donnée (appelée « vendeur » au sous-alinéa (2.01)b)(ii), selon le contexte) résidant au Canada a une perte donnée, déterminée même non tenu du présent article, du fait qu’elle dispose, à un moment donné (appelé « moment de la disposition » au paragraphe (2.01)), d’une action (appelée « action de société affiliée » à ce même paragraphe) de Income Tax PART I Income Tax DIVISION B Computation of Income
Subsection 150(2), sections 152 and 158, subsections 161(1) and 161(11), sections 162 to 167 and Division J of Part I are applicable to this Part with such modifications as the circumstances require and, for the purposes of the
Loss limitation on disposition of share of foreign affiliate A - (B - C) where Impôt sur le revenu
application of those provisions to this Part, a notice of refund under this section shall be deemed to be a notice of assessment.
Subsections 164(3) to 164(4) are applicable, with such modifications as the circumstances require, to refunds of tax under subsection 198(4) or 198(5) or 199(2).
In addition to the interest payable under subsection 161(1), where a taxpayer is required by section 198 to pay a tax and has failed to pay all or any part thereof on or before the day on or before which the tax was required to be paid, the taxpayer shall pay to the Receiver General interest at the prescribed rate on the amount that the taxpayer failed to pay computed from the day on or before which the amount was required to be paid to the day of payment or to the beginning of the period in respect of which the taxpayer is required by subsection 161(1) to pay interest thereon, whichever is earlier. Deemed payment of tax
For the purposes of subsections 161(1) and 202(5), where a trust is liable to pay tax under this Part and the tax is in respect of a non-qualified investment or on the use of its property as security for a loan, it shall, except to the extent that the tax has previously been paid, be deemed to have paid tax on the date on which the property is disposed of or on which the loan ceases to be extant, as the case may be, in an amount equal to the refund referred to in subsection 198(4) in respect of that property or subsection 198(5) in respect of the loan, as the case may be. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] Application to other taxes
capital-actions d’une de ses sociétés étrangères affiliées; b) une société étrangère affiliée (appelée « vendeur » au sous-alinéa (2.01)b)(ii)) d’une société donnée résidant au Canada a une perte donnée, déterminée compte non tenu du présent article, du fait qu’elle dispose, à un moment donné (appelé « moment de la disposition » au paragraphe (2.01)), d’une action (appelée « action de société affiliée » au paragraphe (2.01)) du capital-actions d’une autre société étrangère affiliée à la société donnée qui n’est pas un bien exclu. Limitation des pertes — disposition d’une action de société étrangère affiliée (2.01) En cas d’application du présent paragraphe, le montant de la perte donnée visée aux alinéas (2)a) ou b) est réputé correspondre à la plus élevée des sommes suivantes : a) la somme obtenue par la formule suivante : A - (B - C) où : A le montant de la perte donnée déterminé compte non tenu du présent article, B le total des sommes dont chacune représente une somme reçue, avant le moment de la disposition, au titre d’un dividende exonéré sur l’action de société affiliée, ou sur une action de remplacement, par l’une des entités suivantes : (i) la société donnée visée au paragraphe (2), (ii) une autre société qui est liée à la société donnée, (iii) une société étrangère affiliée de la société donnée, (iv) une société étrangère affiliée d’une autre société qui est liée à la société donnée, C le total des sommes suivantes : (i) le total des sommes dont chacune représente le montant retranché, en application du présent alinéa au titre des dividendes exonérés visés à l’élément B, d’une perte (déterminée compte non tenu du présent article) résultant d’une disposition antérieure, effectuée par une société ou par une société étrangère affiliée visée à cet élément, de l’action de société affiliée ou d’une action de remplacement, (ii) le total des sommes dont chacune représente le double du montant retranché conformément à l’alinéa (2.11)a) au titre des (b) the lesser of dividendes exonérés visés à l’élément B, d’une perte en capital déductible (déterminée compte non tenu du présent article) d’une société ou d’une société étrangère affiliée visée à cet élément résultant d’une disposition antérieure, effectuée par une société de personnes, de l’action de société affiliée ou d’une action de remplacement, (iii) le total des sommes dont chacune représente le montant retranché, en application de l’alinéa (2.21)a) au titre des dividendes exonérés visés à l’élément B, d’une perte (déterminée compte non tenu du présent article) résultant d’une disposition antérieure, effectuée par une société ou par une société étrangère affiliée visée à cet élément, d’une participation dans une société de personnes, (iv) le total des sommes dont chacune représente le double du montant retranché, en application de l’alinéa (2.31)a) au titre des dividendes exonérés visés à l’élément B, d’une perte en capital déductible (déterminée compte non tenu du présent article) résultant d’une disposition antérieure, effectuée par une société de personnes, d’une participation dans une autre société de personnes; b) la moins élevée des sommes suivantes : (i) la partie de la perte donnée, déterminée compte non tenu du présent article, qu’il est raisonnable de considérer comme étant attribuable à une fluctuation de la valeur d’une monnaie (sauf la monnaie canadienne) par rapport à la monnaie canadienne, (ii) la somme déterminée relativement au vendeur qui représente : (A) dans le cas où la perte donnée est une perte en capital, le montant d’un gain (sauf un gain déterminé) qui : (I) soit a été fait par le vendeur dans les trente jours précédant ou suivant le moment de la disposition, et à la fois : 1 est réputé en vertu du paragraphe 39(2) être un gain en capital du vendeur pour l’année d’imposition qui comprend le moment où le gain a été fait, provenant de la disposition d’une monnaie autre que la monnaie canadienne, 2 se rapporte au règlement ou à l’extinction d’une dette en monnaie étrangère qui, à la fois : a été émise ou contractée par le vendeur dans les trente jours précédant ou suivant l’acquisition par celui-ci de l’action de société affiliée; à tout moment où elle représentait une créance dont le vendeur était débiteur, était due à une personne ou à une société de personnes qui, à tout moment où la dette en monnaie étrangère était impayée, n’avait aucun lien de dépendance avec la société donnée; peut raisonnablement être considérée comme ayant été émise ou contractée relativement à l’acquisition de l’action de société affiliée, (III) soit est un gain en capital réalisé par le vendeur dans les trente jours précédant ou suivant le moment de la disposition au titre d’une convention qui, à la fois : 1 a été conclue par le vendeur dans les trente jours précédant ou suivant l’acquisition par celui-ci de l’action de société affiliée, avec une personne ou une société de personnes qui, à tout moment où la convention était en vigueur, n’avait aucun lien de dépendance avec la société donnée, 2 prévoit l’achat, la vente ou l’échange de monnaie, 3 peut raisonnablement être considérée comme ayant été conclue par le vendeur principalement dans le but de couvrir le risque de change découlant de l’acquisition de l’action de société affiliée, (B) dans les autres cas, le montant d’un gain (sauf un gain déterminé ou un gain en capital) qui a été réalisé par le vendeur dans les trente jours précédant ou suivant le moment de la disposition, qui est inclus dans le calcul du revenu du vendeur pour l’année d’imposition comprenant le moment où le gain a été réalisé et qui : (I) soit se rapporte au règlement ou à l’extinction d’une dette en monnaie étrangère qui, à la fois : 1 a été émise ou contractée par le vendeur dans les trente jours précédant ou suivant l’acquisition par celui-ci de l’action de société affiliée, 2 à tout moment où elle représentait une créance dont le vendeur était débiteur, Specified gain Application of subsection (2.11) (2.1) Subsection (2.11) applies if était due à une personne ou à une société de personnes qui, à tout moment où la dette en monnaie étrangère était impayée, n’avait aucun lien de dépendance avec la société donnée, 3 peut raisonnablement être considérée comme ayant été émise ou contractée relativement à l’acquisition de l’action de société affiliée, (III) soit est prévu par une convention qui, à la fois : 1 a été conclue par le vendeur dans les trente jours précédant ou suivant l’acquisition par celui-ci de l’action de société affiliée, avec une personne ou une société de personnes qui, à tout moment où la convention était en vigueur, n’avait aucun lien de dépendance avec la société donnée, 2 prévoit l’achat, la vente ou l’échange de monnaie, 3 peut raisonnablement être considérée comme ayant été conclue par le vendeur principalement dans le but de couvrir le risque de change découlant de l’acquisition de l’action de société affiliée. Gain déterminé (2.02) Pour l’application des divisions (2.01)b)(ii)(A) ou (B), gain déterminé s’entend d’un gain relatif au règlement ou à l’extinction d’une dette en monnaie étrangère visée à la sous-subdivision (2.01)b)(ii)(A)(I)2 ou à la sous-subdivision (2.01)b)(ii)(B)(I), selon le cas, ou qui découle d’une convention donnée visée aux subdivisions (2.01)b)(ii)(A)(II) ou (B)(II), si la société donnée, ou une personne ou société de personnes avec laquelle elle avait un lien de dépendance à un moment où la dette était impayée ou la convention était en vigueur, selon le cas, a conclu une convention qu’il est raisonnable de considérer comme conclue principalement dans le but de couvrir un risque de change découlant de la dette ou de la convention donnée. Application du paragraphe (2.11) (2.1) Le paragraphe (2.11) s’applique si l’un des faits ci-après s’avère : a) une société donnée résidant au Canada a une perte en capital déductible donnée, déterminée compte non tenu du présent article, résultant de la disposition, A - (B - C) where effectuée à un moment donné (appelé « moment de la disposition » au paragraphe (2.11)) par une société de personnes (appelée « société de personnes cédante » aux paragraphes (2.11) et (2.12)), d’une action (appelée « action de société affiliée » au paragraphe (2.11)) du capital-actions d’une des sociétés étrangères affiliées; b) une société étrangère affiliée d’une société donnée résidant au Canada a une perte en capital déductible donnée, déterminée compte non tenu du présent article, résultant de la disposition, effectuée à un moment donné (appelé « moment de la disposition » au paragraphe (2.11)) par une société de personnes (appelée « société de personnes cédante » aux paragraphes (2.11) et (2.12)), d’une action (appelée « action de société affiliée » au paragraphe (2.11)) du capital-actions d’une autre société étrangère affiliée de la société donnée qui ne serait pas un bien exclu de la société affiliée si celle-ci en avait été propriétaire immédiatement avant le moment de la disposition. Limitation des pertes — disposition d’une action de société étrangère affiliée par une société de personnes (2.11) Les dispositions du présent paragraphe s’appliquent si le montant de la perte en capital déductible donnée visée aux alinéas (2.1)a) ou b) est réputé correspondre à la plus élevée des sommes suivantes : a) la somme obtenue par la formule suivante : A - (B - C) où : A représente le montant de la perte en capital déductible donnée, déterminée compte non tenu du présent article, B la moitié du total des sommes dont chacune représente une somme reçue, avant le moment de la disposition, au titre d’un dividende exonéré sur l’action de société affiliée ou sur une action de remplacement, par l’une des entités suivantes : (i) la société donnée visée au paragraphe (2.1), (ii) une autre société qui est liée à la société donnée, (iii) une société étrangère affiliée de la société donnée, (iv) une société étrangère affiliée d’une autre société qui est liée à la société donnée, C le total des sommes suivantes : (i) le total des sommes dont chacune représente la moitié du montant retranché, en Income Tax PART I Income Tax DIVISION B Computation of Income
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.]
and (b) the lesser of Impôt sur le revenu
Current to January 22, 2025 Last amended on January 1, 2025 equity share means (a) a share, other than an excluded share or a non-participating share, the owner of which has, as owner thereof, a right (ii) to a part of the surplus of the corporation after repayment of capital and payment of dividend arrears on the redemption of the share, a reduction of the capital of the corporation or the winding-up of the corporation, at least as great, in any event, as the right of the owner of any other share, other than a non-participating share, of the corporation, when the magnitude of the right in each case is expressed as a rate based on the paid-up capital value of the share to which the right relates, or (b) a share, other than an excluded share or a non-participating share, the owner of which has, as owner thereof, a right (i) to a dividend, after a dividend at a rate not in excess of 12% per annum of the paid-up capital value of each share has been paid to the owners of shares of a class other than the class to which that share belongs, and (ii) to a part of the surplus of the corporation after repayment of capital and payment of dividend arrears on the redemption of the share, a reduction of the capital of the corporation or the winding-up of the corporation, after a payment of a part of the surplus at a rate not in excess of 10% of the paid-up capital value of each share has been made to the owners of shares of a class other than the class to which that share belongs, at least as great, in any event, as the right of the owner of any other share, other than a non-participating share, of the corporation, when the magnitude of the right in each case is expressed as a rate based on the paid-up capital value of the share to which the right relates; (action à revenu variable) excluded property, in relation to a trust governed by a deferred profit sharing plan or revoked plan, means a debt obligation or bankers’ acceptance issued by (a) an employer by whom payments are made in trust to a trustee under the plan for the benefit of beneficiaries under the plan, or (b) a corporation with whom that employer does not deal at arm’s length; (bien exclu) excluded share means each share of the capital stock of a private corporation where (a) the paid-up capital of the corporation that is represented by all its issued and outstanding shares that would, but for this definition, be equity shares is less than 50% of the paid-up capital of the corporation that is represented by all its issued and outstanding shares other than non-participating shares, or (b) a non-participating share of the corporation is issued and outstanding and the owner of which has, as owner thereof, a right to a dividend (i) at a fixed annual rate in excess of 12%, or (ii) at an annual rate not in excess of a fixed maximum annual rate, if the fixed maximum annual rate is in excess of 12%, when the right to the dividend is expressed as a rate based on the paid-up capital value of the share to which the right relates; (action exclue) initial base of a trust means the total of the values of all initial non-qualified investments held by the trust on December 21, 1966 when each such investment is valued at the lower of (a) its cost to the trust, and (b) its fair market value on December 21, 1966; (base initiale) initial non-qualified investment of a trust means an investment held by the trust on December 21, 1966 that was, on that date, a non-qualified investment but does not include (a) any interest in a life insurance policy, or (b) an equity share that would be a qualified investment if the date of acquisition of the share were December 21, 1966; (placement initial non admissible) non-participating share means (a) in the case of a private corporation, a share the owner of which is not entitled to receive, as owner thereof, any dividend, other than a dividend, whether cumulative or not, (i) at a fixed annual rate or amount, or (ii) at an annual rate or amount not in excess of a fixed annual rate or amount, and (b) in the case of a corporation other than a private corporation, any share other than a common share; non-qualified investment means property that is not a qualified investment for a trust governed by a deferred profit sharing plan or revoked plan within the meaning of the definition qualified investment in this subsection; paid-up capital value of a share means the amount determined by the formula A is the paid-up capital of the corporation that is represented by the shares of the class to which that share belongs, and B is the number of shares of that class that are in fact issued and outstanding; (valeur en capital versé) qualified investment for a trust governed by a deferred profit sharing plan or revoked plan means, with the exception of excluded property in relation to the trust, (a) money (other than money the fair market value of which exceeds its stated value as legal tender in the country of issuance or money that is held for its numismatic value) and deposits (within the meaning assigned by the Canada Deposit Insurance Corporation Act or with a branch in Canada of a bank) of such money standing to the credit of the trust, (b) debt obligations described in paragraph (a) of the definition fully exempt interest in subsection 212(3), (c) debt obligations issued by (i) a corporation, mutual fund trust or limited partnership the shares or units of which are listed on a designated stock exchange in Canada, (ii) a corporation the shares of which are listed on a designated stock exchange outside Canada, or (iii) an authorized foreign bank and payable at a branch in Canada of the bank, (c.1) debt obligations that meet the following criteria, namely, (A) is available, at the time of their acquisition by the trust, a rating from a prescribed credit rating agency that is an approved rating as defined by regulation, (B) is not an approved rating assigned by a prescribed credit rating agency as defined by regulation, (C) is acquired by the trust in exchange for debt obligations that meet the condition set out in division (A) and as part of a proposal made to creditors of the issuer of the debt obligations, or as part of an arrangement approved by a court under the Bankruptcy and Insolvency Act or the Companies’ Creditors Arrangement Act, (A) the debt obligations had, at the time of acquisition by the trust, an investment grade rating with a prescribed credit rating agency, (B) the debt obligations have an investment grade rating with a prescribed credit rating agency, or (C) the debt obligations were acquired by the trust in exchange for debt obligations that satisfied the condition in clause (A) and as part of a proposal to, or an arrangement with, the creditors of the issuer of the debt obligations that has been approved by a court under the Bankruptcy and Insolvency Act or the Companies’ Creditors Arrangement Act, and (A) the debt obligations were issued as part of a single issue of debt of at least $25 million, or (B) in the case of debt obligations that are issued on a continuous basis under a debt issuance program, the issuer of the debt obligations had issued and outstanding debt under the program of at least $25 million, (d) securities (other than futures contracts or other derivative instruments in respect of which the holder’s risk of loss may exceed the holder’s cost) that are listed on a designated stock exchange, (e) equity shares of a corporation by which, before the date of acquisition by the trust of the shares, payments have been made in trust to a trustee under the plan for the benefit of beneficiaries thereunder, if the shares are of a class in respect of which (i) there is no restriction on their transferability, and (ii) in each of 4 taxation years of the corporation in the period of the corporation’s 5 consecutive taxation years that ended less than 12 months before the date of acquisition of the shares by the trust, and in the corporation’s last taxation year in that period, the corporation (A) paid a dividend on each share of the class of an amount not less than 4% of the cost per share of the shares to the trust, or (B) had earnings attributable to the shares of the class of an amount not less than the amount obtained when 4% of the cost per share to the trust of the shares is multiplied by the total number of shares of the class that were outstanding immediately after the acquisition, (f) guaranteed investment certificates issued by a trust company incorporated under the laws of Canada or of a province, (g) investment contracts described in subparagraph (b)(ii) of the definition retirement savings plan in subsection 146(1) and issued by a corporation approved by the Governor in Council for the purposes of that subparagraph, and Tax in Respect of Over-contributions to Deferred Income Plans Tax payable by individuals
respect of registered retirement savings plans, the individual shall, in respect of that month, pay a tax under this Part equal to 1% of that portion of the total of all those excess amounts that has not been paid by those plans to the individual before the end of that month. Amount deemed repaid
For the purposes of subsection 204.1(1), where an amount in respect of a plan has been included in computing an individual’s income pursuant to paragraph 146(12)(b), that amount shall be deemed to have been paid to the individual by the plan at the time referred to in that paragraph. Tax payable by individuals — contributions after 1990 (2.1) Where, at the end of any month after December, 1990, an individual has a cumulative excess amount in respect of registered retirement savings plans, the individual shall, in respect of that month, pay a tax under this Part equal to 1% of that cumulative excess amount. Tax payable by deferred profit sharing plans
application de l’alinéa (2.01)a) au titre des dividendes exonérés visés à l’élément B, d’une perte (déterminée compte non tenu du présent article) résultant d’une disposition antérieure effectuée par une société ou par une société étrangère affiliée visée à cet élément, de l’action de société affiliée ou d’une action de remplacement, (ii) le total des sommes dont chacune représente le montant retranché, en application du présent alinéa au titre des dividendes exonérés visés à l’élément B, d’une perte en capital déductible (déterminée compte non tenu du présent article) d’une société ou d’une société étrangère affiliée visée à cet élément résultant d’une disposition antérieure, effectuée par une société de personnes, de l’action de société affiliée ou d’une action de remplacement, (iii) le total des sommes dont chacune représente la moitié du montant retranché, en application de l’alinéa (2.21)a) au titre des dividendes exonérés visés à l’élément B, d’une perte (déterminée compte non tenu du présent article) résultant d’une disposition antérieure effectuée par une société ou une société étrangère affiliée visée à cet élément, d’une participation dans une société de personnes, (iv) le total des sommes dont chacune représente le montant retranché, en application de l’alinéa (2.31)a) au titre des dividendes exonérés visés à l’élément B, d’une perte en capital déductible (déterminée compte non tenu du présent article) d’une société ou d’une société étrangère affiliée visée à cet élément résultant d’une disposition antérieure, effectuée par une société de personnes, d’une participation dans une autre société de personnes; b) la moins élevée des sommes suivantes : (i) la partie de la perte en capital déductible donnée, déterminée compte non tenu du présent article, qu’il est raisonnable de considérer comme étant attribuable à une fluctuation de la valeur d’une monnaie autre que la monnaie canadienne par rapport à la monnaie canadienne, (ii) la moitié de la somme déterminée relativement à la société donnée ou à la société étrangère affiliée de celle-ci visée à l’alinéa (2.1)b) qui représente le montant d’un gain (sauf un gain déterminé) qui : (A) soit a été fait par la société de personnes cédante dans les trente jours précédant ou suivant le moment de la disposition, dans la mesure où il est raisonnable d’attribuer le gain à la société donnée ou à la société affiliée, selon le cas, et à la fois : (I) est réputé en vertu du paragraphe 39(2) être un gain en capital de la société de personnes cédante pour l’année d’imposition qui comprend le moment où a été fait, provenant de la disposition d’une monnaie autre que la monnaie canadienne, (II) se rapporte au règlement ou à l’extinction d’une dette en monnaie étrangère qui, à la fois : 1 a été émise ou contractée par la société de personnes cédante dans les trente jours précédant ou suivant l’acquisition par celle-ci de l’action de société affiliée, 2 a toujours été une créance dont la société de personnes cédante était débitrice, due à une personne ou à une société de personnes avec laquelle elle n’avait aucun lien de dépendance, 3 peut raisonnablement être considérée comme ayant été émise ou contractée relativement à l’acquisition de l’action de société affiliée, (B) soit est un gain en capital (dans la mesure où il est raisonnable de l’attribuer à la société donnée ou à la société affiliée, selon le cas) réalisé par la société de personnes cédante dans les trente jours précédant ou suivant le moment de la disposition aux termes d’une convention qui, à la fois : (I) a été conclue par la société de personnes cédante, dans les trente jours précédant ou suivant l’acquisition par celle-ci de l’action de société affiliée, avec une personne ou une société de personnes qui, à tout moment où la convention était en vigueur, n’avait aucun lien de dépendance avec la société donnée, (II) prévoit l’achat, la vente ou l’échange de monnaie, (III) peut raisonnablement être considérée comme ayant été conclue par la société de personnes cédante principalement dans le but de couvrir le risque de change découlant de l’acquisition de l’action de société affiliée. Specified gain Application of subsection (2.21) (2.2) Subsection (2.21) applies if Gain déterminé (2.12) Pour l’application du sous-alinéa (2.11)(b)(ii), gain déterminé s’entend d’un gain relatif au règlement ou à l’extinction d’une dette en monnaie étrangère visée à la subdivision (2.11)(b)(ii)(A)(II) ou d’un gain qui découle d’une convention donnée visée à la division (2.11)(b)(ii)(B), si la société de personnes cédante, ou toute personne ou société de personnes avec laquelle la société donnée avait un lien de dépendance à un moment où la dette était impayée ou la convention donnée était en vigueur, selon le cas, a conclu une convention qu’il est raisonnable de considérer comme ayant été conclue principalement dans le but de couvrir un risque de change découlant de la dette ou de la convention donnée. Application du paragraphe (2.21) (2.2) Le paragraphe (2.21) s’applique si l’un des faits ci-après s’avère : a) une société donnée (appelée « vendeur » au sous-alinéa (2.21)(b)(ii), selon le cas) résidant au Canada a une perte donnée, déterminée compte non tenu du présent article, résultant de la disposition, effectuée par elle à un moment donné (appelé « moment de la disposition » au paragraphe (2.21)), d’une participation (appelée « participation de société de personnes » à ce paragraphe) dans une société de personnes qui a un intérêt direct ou indirect ou, pour l’application du droit civil, un droit direct ou indirect, sur des actions (appelées « actions de société affiliée » à ce même paragraphe) du capital-actions d’une société étrangère affiliée de la société donnée; b) une société étrangère affiliée (appelée « vendeur » au sous-alinéa (2.21)(b)(ii)) d’une société donnée résidant au Canada a une perte donnée, déterminée compte non tenu du présent article, résultant de la disposition, effectuée par elle à un moment donné (appelé « moment de la disposition » au paragraphe (2.21)), d’une participation (appelée « participation de société de personnes » à ce paragraphe) dans une société de personnes qui a un intérêt direct ou indirect ou, pour l’application du droit civil, un droit direct ou indirect, sur des actions (appelées « actions de société affiliée » à ce même paragraphe) du capital-actions d’une autre société étrangère affiliée de la société donnée qui ne seraient pas des biens exclus si la société affiliée si elle en avait été propriétaire immédiatement avant le moment de la disposition. A - (B - C) where (i) the particular corporation referred to in subsection (2.2), Limitation des pertes — disposition d’une participation dans une société de personnes ayant des actions de sociétés étrangères affiliées (2.21) En cas d’application du présent paragraphe, le montant de la perte donnée visée aux alinéas (2.2)(a) ou b) est réputé correspondre à la plus élevée des sommes suivantes : a) la somme obtenue par la formule suivante : A - (B - C) où : A représente le montant de la perte donnée, déterminé compte non tenu du présent article, B le total des sommes dont chacune représente une somme reçue, avant le moment de la disposition, au titre d’un dividende exonéré sur les actions de société affiliée, ou sur des actions de remplacement, par l’une des entités suivantes : (i) la société donnée visée au paragraphe (2.2), (ii) une autre société qui est liée à la société donnée, (iii) une société étrangère affiliée de la société donnée, (iv) une société étrangère affiliée d’une autre société qui est liée à la société donnée, C le total des sommes suivantes : (i) le total des sommes dont chacune représente le montant retranché, en application de l’alinéa (2.01)a) au titre des dividendes exonérés visés à l’élément B, d’une perte (déterminée compte non tenu du présent article) résultant d’une disposition antérieure, effectuée par une société ou par une société étrangère affiliée visée à cet élément, des actions de société affiliée ou d’actions de remplacement, (ii) le total des sommes dont chacune représente le double du montant retranché, en application de l’alinéa (2.11)a) au titre des dividendes exonérés visés à l’élément B, d’une perte en capital déductible (déterminée compte non tenu du présent article) d’une société ou d’une société étrangère affiliée visée à cet élément résultant d’une disposition antérieure, effectuée par une société de personnes, des actions de société affiliée ou d’actions de remplacement, (iii) le total des sommes dont chacune représente le montant retranché, en application du présent alinéa au titre des dividendes exonérés visés à l’élément B, d’une perte (déterminée (b) the lesser of (A) if the particular loss is a capital loss, the amount of a gain (other than a specified gain) compte non tenu du présent article) résultant d’une disposition antérieure, effectuée par une société ou par une société étrangère affiliée visée à cet élément, d’une participation dans une autre société de personnes, (iv) le total des sommes dont chacune représente le double du montant retranché, en application de l’alinéa (2.31)a) au titre des dividendes exonérés visés à l’élément B, d’une perte en capital admissible (déterminée compte non tenu du présent article) d’une société ou d’une société étrangère affiliée visée à l’élément B, résultant d’une disposition antérieure, effectuée par une société de personnes, d’une participation dans une autre société de personnes; b) la moins élevée des sommes suivantes : (i) la partie de la perte donnée, déterminée compte non tenu du présent article, qu’il est raisonnable de considérer comme attribuable à une fluctuation de la valeur d’une monnaie (sauf la monnaie canadienne) par rapport à la monnaie canadienne, (ii) la somme déterminée relativement au vendeur qui représente : (A) dans les cas où la perte donnée est une perte en capital, le montant d’un gain (sauf un gain déterminé) qui : (I) soit a été fait par le vendeur dans les trente jours précédant ou suivant le moment de la disposition et, à la fois : 1 est réputé en vertu du paragraphe 39(2) être un gain en capital du vendeur pour l’année d’imposition qui comprend le moment où le gain a été fait, provenant de la disposition d’une monnaie autre que la monnaie canadienne, et 2 se rapporte au règlement ou à l’extinction d’une dette en monnaie étrangère qui, à la fois : a été émise ou contractée par le vendeur dans les trente jours précédant ou suivant l’acquisition par celui-ci de la participation de société de personnes; tout moment où elle représentait une créance dont le vendeur était débiteur, était due à une personne ou à une société de personnes qui, à tout moment où la dette en monnaie étrangère était impayée, n’avait aucun lien de dépendance avec la société Specified gain Application of subsection (2.31) (2.3) Subsection (2.31) applies if (II) soit prévu par une convention qui, à la fois : 1 a été conclue par le vendeur dans les trente jours précédant ou suivant l’acquisition par celui-ci de la participation de société de personnes, avec une personne ou une société de personnes qui, à tout moment où la convention était en vigueur, n’avait aucun lien de dépendance avec la société donnée, 2 prévoit l’achat, la vente ou l’échange de monnaie, 3 peut raisonnablement être considérée comme ayant été conclue par le vendeur principalement dans le but de couvrir le risque de change découlant de l’acquisition de la participation de société de personnes. Gain déterminé (2.22) Pour l’application des divisions (2.21)b)(ii)(A) et (B), gain déterminé s’entend d’un gain relatif au règlement ou à l’extinction d’une dette en monnaie étrangère visée à la sous-division (2.21)b)(ii)(A)(I) ou à la subdivision (2.21)b)(ii)(B)(I) ou d’un gain qui découle d’une convention donnée visée aux subdivisions (2.21)b)(ii)(A)(II) ou (B)(II), si la société donnée, ou toute personne ou société de personnes avec laquelle celle-ci avait un lien de dépendance à aucun moment où la dette était impayée ou la convention donnée était en vigueur, selon le cas, a conclu une convention qu’il est raisonnable de considérer comme ayant été conclue principalement dans le but de couvrir un risque de change découlant de la dette ou de la convention donnée. Application du paragraphe (2.31) (2.3) Le paragraphe (2.31) s’applique si l’un des faits ci-après s’avère : a) une société donnée résidant au Canada a une perte en capital déductible donnée, déterminée compte non tenu du présent article, d’une disposition effectuée à un moment donné (appelé « moment de la disposition » au paragraphe (2.31)) par une société de personnes donnée, d’une participation (appelée « participation de société de personnes » à ce paragraphe) dans une autre société de personnes qui a un intérêt direct ou indirect, sur des actions (appelées « actions de société affiliée » à ce même paragraphe A - (B - C) where du capital-actions d’une société étrangère affiliée de la société donnée; b) une société étrangère affiliée d’une société donnée résidant au Canada a une perte en capital déductible donnée, déterminée compte non tenu du présent article, résultant de la disposition, effectuée à un moment donné (appelé « moment de la disposition » au paragraphe (2.31)) par une société de personnes donnée, d’une participation (appelée « participation de société de personnes » au paragraphe) dans une autre société de personnes qui a un intérêt direct ou indirect ou, pour l’application du droit civil, un droit direct ou indirect, sur des actions (appelées « actions de société affiliée » au même paragraphe) du capital-actions d’une société étrangère affiliée de la société donnée qui ne seraient pas des biens exclus de la société affiliée si celle-ci en avait été propriétaire immédiatement avant le moment de la disposition. Limitation des pertes — disposition par une société de personnes d’une participation indirecte dans des actions de sociétés étrangères affiliées (2.31) En cas d’application du présent paragraphe, le montant de la perte en capital déductible visée à l’alinéa (2.3)a) ou b) est réputé égal au plus élevé des sommes suivantes : a) la somme obtenue par la formule suivante : A - (B - C) où : A représente le montant de la perte en capital déductible donnée, déterminée compte non tenu du présent article, B la moitié du total des sommes dont chacune représente une somme reçue, avant le moment de la disposition, au titre d’un dividende exonéré sur les actions de société affiliée, ou sur des actions de remplacement, par l’une des entités suivantes : (i) la société donnée visée au paragraphe (2.3), (ii) une autre société qui est liée à la société donnée, (iii) une société étrangère affiliée de la société donnée, (iv) une société étrangère affiliée d’une autre société qui est liée à la société donnée, C le total des sommes suivantes : (i) le total des sommes dont chacune représente la moitié du montant retranché, en application de l’alinéa (2.01)a) au titre des dividendes exonérés visés à l’élément B, d’une (b) the lesser of perte (déterminée compte non tenu du présent article) résultant d’une disposition antérieure, effectuée par une société ou par une société étrangère affiliée visée à cet élément, des actions de société affiliée ou d’actions de remplacement, (ii) le total des sommes dont chacune représente le montant retranché, en application de l’alinéa (2.11)a) au titre des dividendes exonérés visés à l’élément B, d’une perte en capital déductible (déterminée compte non tenu du présent article) d’une société ou d’une société étrangère affiliée visée à cet élément résultant d’une disposition antérieure, effectuée par une société de personnes, des actions de société affiliée ou des actions de remplacement, (iii) le total des sommes dont chacune représente la moitié du montant retranché, en application de l’alinéa (2.21)a) au titre des dividendes exonérés visés à l’élément B, d’une perte (déterminée compte non tenu du présent article) résultant d’une disposition antérieure, effectuée par une société ou une société étrangère affiliée visée à cet élément, d’une participation dans une société de personnes, (iv) le total des sommes dont chacune représente le montant retranché, en application du présent alinéa au titre des dividendes exonérés visés à l’élément B, d’une perte en capital déductible (déterminée compte non tenu du présent article) d’une société ou d’une société étrangère affiliée visée à cet élément résultant d’une disposition antérieure, effectuée par une société de personnes, d’une participation dans une autre société de personnes; b) la moins élevée des sommes suivantes : (i) la partie de la perte en capital déductible donnée, déterminée compte non tenu du présent article, qu’il est raisonnable de considérer comme étant attribuable à une fluctuation de la valeur d’une monnaie (autre que la monnaie canadienne) par rapport à la monnaie canadienne, (ii) la moitié de la somme déterminée relativement à la société donnée ou à la société étrangère affiliée de celle-ci visée à l’alinéa (2.3)b) qui représente le montant d’un gain (autre qu’un gain déterminé) qui : (A) soit a été fait par la société de personnes donnée dans les trente jours précédant ou suivant le moment de la disposition, dans la mesure Income Tax PART I Income Tax DIVISION B Computation of Income
Where, at the end of any month after May, 1976, a trust governed by a deferred profit sharing plan has an excess amount, the trust shall, in respect of that month, pay a tax under this Part equal to 1% of the excess amount. Waiver of tax
Impôt sur le revenu
Where an individual would, but for this subsection, be required to pay a tax under subsection 204.1(1) or 204.1(2.1) in respect of a month and the individual establishes to the satisfaction of the Minister that (a) the excess amount or cumulative excess amount on which the tax is based arose as a consequence of reasonable error, and (b) reasonable steps are being taken to eliminate the excess, the Minister may waive the tax. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] Definition of excess amount for a year in respect of registered retirement savings plans
(a) where the excess amount is for a year after 1990, nil; and (b) where the excess amount is for a year before 1991, the amount, if any, by which the total of (i) all amounts paid by the individual to such plans under which the individual or the individual’s spouse or common-law partner is the annuitant, other than amounts (A) to which paragraph 60(j), 60(j.01), 60(j.1), 60(j.2) or 60(l) applies or would, if the individual were resident in Canada throughout the year, apply, or (B) transferred to the plan in accordance with any of subsections 146(16), 147(19) and 147.3(1) and 147.3(4) to 147.3(7), and (ii) all gifts made to such a plan under which the individual is the annuitant, other than gifts made thereto by the individual’s spouse or common-law partner, in the year and before the particular time, exceeds the total of (iii) all amounts that may be deducted in computing the individual’s income for the immediately preceding year in respect of those payments, and (iv) the greater of $5,500 and the amount that may be deducted in computing the individual’s income for the year in respect of those payments. Cumulative excess amount in respect of RRSPs (1.1) The cumulative excess amount of an individual in respect of registered retirement savings plans at any time in a taxation year is the amount, if any, by which (a) the amount of the individual’s undeducted RRSP premiums at that time (b) the amount determined by the formula A is the individual’s unused RRSP deduction room at the end of the preceding taxation year, B is the amount, if any, by which (i) the lesser of the RRSP dollar limit for the year and 18% of the individual’s earned income (as defined in subsection 146(1)) for the preceding taxation year exceeds the total of all amounts each of which is (iii) a prescribed amount in respect of the individual for the year, C is, where the individual attained 18 years of age in a preceding taxation year, $2,000, and in any other case, nil, D is the group plan amount in respect of the individual at that time, E is, where the individual attained 18 years of age before 1995, the individual’s transitional amount at that time, and in any other case, nil, and R is the individual’s total pension adjustment reversal for the year. (1.2) For the purposes of subsection 204.2(1.1) and the description of K in paragraph 204.2(1.3)(a), the amount of undeducted RRSP premiums of an individual at any time in a taxation year is the amount determined by the formula H is for taxation years ending before 1992, nil, and for taxation years ending after 1991, the amount, if any, by which (a) the amount of the individual’s undeducted RRSP premiums at the end of the immediately preceding taxation year (b) the total of the amounts, each of which is an amount that is (i) deducted in or before that preceding year, under subsections 146(5) and 146(5.1) in computing the individual’s income for the immediately preceding taxation year, to the extent that each amount was deducted in respect of premiums paid under registered retirement savings plans, or (ii) contributed in the immediately preceding taxation year by the individual’s employer or former employer to an account of the individual under a pooled registered pension plan, I is the total of all amounts each of which is (a) a premium (within the meaning assigned by subsection 146(1)) paid by the individual in the year and before that time under a registered retirement savings plan under which the individual or the individual's spouse or common-law partner was the annuitant (within the meaning assigned by subsection 146(1)) at the time the premium was paid, other than (i) an amount paid to the plan in the first 60 days of the year and deducted in computing the individual's income for the immediately preceding taxation year, (ii) an amount paid to the plan in the year and deducted under paragraph 60(j), 60(j.1), 60(j.2) or 60(l) in computing the individual's income for the year or the immediately preceding taxation year, (iii) an amount transferred to the plan on behalf of the individual in accordance with any of subsections 146(16), 146.6(7), 147(19), 147.3(1) and (4) to (7) and 147.5(21) or in circumstances to which subsection 146(21) applies, (iv) an amount deductible under subsection 146.6(1) in computing the individual's income for the year or a preceding taxation year, (v) where the individual is a non-resident person, an amount that would, if the individual were resident in Canada throughout the year and the immediately preceding taxation year, be deductible under paragraph 60(j), 60(j.1), 60(j.2) or 60(l) in computing the individual's income for the year or the immediately preceding taxation year, or (vi) an amount paid to the plan in the year that is not deductible in computing the individual's income for the year because of subparagraph 146(5)(a)(iv.1) or 146(5.1)(a)(iv), (b) a gift made in the year and before that time to a registered retirement savings plan under which the individual is the annuitant (within the meaning assigned by subsection 146(1)), other than a gift made thereto by the individual's spouse or common-law partner, or (c) an amount contributed in the year and before that time by an employer or former employer of the individual to an account of the individual under a pooled registered pension plan, and J is the amount, if any, by which (a) the total of all amounts each of which is (i) an amount received by the individual in the year and before that time out of or under a pooled registered pension plan, a registered retirement savings plan, a registered retirement income fund or a specified pension plan and included in computing the individual’s income for the year, or (iii) an amount included in computing the indi- (b) the amount deducted under paragraph 60(l) in computing the individual’s income for the year. Group plan amount (1.3) For the purposes of this section, the group plan amount in respect of an individual at any time in a taxa- (a) the lesser of the value of F and the amount deter- mined by the formula F is the lesser of (i) the total of all amounts each of which is a qualifying group plan amount in respect of the individual, to the extent that the amount is in- cluded in determining the value of F in subsec- time, and (ii) the RRSP dollar limit for the following tax- G is the amount that would be determined under paragraph 204.2(1.1)(b) in respect of the individu- al at that time if the values of C, D and E in that paragraph were nil, and (i) where the year is the 1996 taxation year, the amount, if any, by which the amount of the in- cumulative excess amount in respect of regis- tered retirement savings plans at the end of the
(ii) in any other case, the group plan amount in respect of the individual at the end of the pre- (b) the amount that would be the individual’s cumula- tive excess amount in respect of registered retirement savings plans at that time if the value of D in para- graph 204.2(1.1)(b) were nil. Qualifying group plan amount (1.31) For the purposes of the description of F in paragraph (1.3)(a), a qualifying group plan amount in respect of an individual is a premium paid under a registered retirement savings plan or an amount contributed by an employer or former employer of the individual to an account of the individual under a pooled registered pension plan if (a) the plan is part of a qualifying arrangement or is a pooled registered pension plan, (b) the premium or contribution is an amount to which the individual is entitled for services rendered by the individual (whether or not as an employee), and (c) the premium or contribution was remitted to the plan on behalf of the individual by the person or body of persons that is required to remunerate the individual for the services, or by an agent for that person or body, but does not include the part, if any, of a premium or contribution that, by making (or failing to make) an election or exercising (or failing to exercise) any other right under the plan after beginning to participate in the plan and within 12 months before the time at which the premium paid or contribution was made, the individual could have prevented the premium or contribution and that would not as a consequence have been required to be remitted on behalf of the individual to another registered retirement savings plan or pooled registered pension plan or to a money purchase provision of a registered pension plan. Qualifying arrangement (1.32) For the purpose of paragraph 204.2(1.31)(a), a qualifying arrangement is an arrangement under which premiums that satisfy the conditions in paragraphs 204.2(1.31)(b) and 204.2(1.31)(c) are remitted to registered retirement savings plans on behalf of two or more individuals, but does not include an arrangement where it is reasonable to consider that one of the main purposes of the arrangement is to reduce tax payable under this Part. (a) where an amount in respect of a registered retirement savings plan has been included in computing an individual’s income pursuant to paragraph 146(12)(b), that amount shall be deemed to have been received by the individual out of the plan at the time referred to in that paragraph; and (b) where an amount in respect of a registered retirement income fund has been included in computing an individual’s income pursuant to paragraph 146.3(1)(b), that amount shall be deemed to have been received by the individual out of the fund at the time referred to in that paragraph. Transitional amount (1.5) For the purpose of the description of E in paragraph 204.2(1.1)(b), an individual’s transitional amount at any time in a taxation year is the lesser of (b) where the value of L is nil, nil, and in any other case, the amount determined by the formula L is the amount, if any, by which (i) the amount that would be determined under subsection 204.2(1.2) to be the amount of the individual’s undeducted RRSP premiums at that time if (A) the value of I in that subsection were determined for the 1995 taxation year without including premiums paid after February 26, 1995, (B) the value of I in that subsection were nil for the 1996 and subsequent taxation years, and (C) the value of J in that subsection were determined for the 1995 and subsequent taxation years without including the part, if any, of an amount received by the individual out of or under a registered retirement savings plan or registered retirement income fund that can reasonably be considered to be in respect of premiums paid after February 26, 1995 by the individual under a registered retirement savings plan (ii) the total of all amounts each of which is an amount deducted under subsection 146(5) or 146(5.1) in computing the individual’s income for a preceding taxation year, to the extent that the amount was deducted in respect of premiums paid after that year (other than premiums paid before February 27, 1995), and M is the amount that would be determined by the formula in paragraph 204.2(1.1)(b) in respect of the individual at that time if the values of D and E
in that paragraph were nil and section 257 did not apply to that formula. Where terminated plan deemed to continue to exist
où il est raisonnable d’attribuer le gain à la société donnée ou à la société affiliée, selon le cas, et qui, à la fois : (II) est réputé en vertu du paragraphe 39(2) être un gain en capital de la société de personnes donnée pour l’année d’imposition qui comprend le moment où le gain a été fait, provenant de la disposition d’une monnaie autre que la monnaie canadienne, (III) se rapporte au règlement ou à l’extinction d’une dette en monnaie étrangère qui, à la fois : 1 a été émise ou contractée par la société de personnes donnée dans les trente jours précédant ou suivant l’acquisition par celle-ci de la participation de société de personnes, 2 a tout moment où elle était une créance dont la société de personnes donnée était débitrice, était due à une personne ou société de personnes qui, à tout moment où la créance en monnaie étrangère était en cours, n’avait aucun lien de dépendance avec la société donnée, 3 peut raisonnablement être considérée comme ayant été émise ou contractée relativement à l’acquisition de la participation de société de personnes, (B) soit est un gain en capital (dans la mesure où il est raisonnable de l’attribuer à la société donnée ou à la société affiliée, selon le cas) réalisé par la société de personnes donnée dans les trente jours précédant ou suivant le moment de la disposition aux termes d’une convention qui, à la fois : (I) a été conclue par la société de personnes donnée, dans les trente jours précédant ou suivant l’acquisition par celle-ci de la participation de société de personnes, avec une personne ou une société de personnes qui, à tout moment où la convention était en vigueur, n’avait aucun lien de dépendance avec la société donnée, (II) prévoit l’achat, la vente ou l’échange de monnaie, (III) peut raisonnablement être considérée comme ayant été conclue par la société de personnes donnée principalement dans le but Specified gain Exempt dividends
Notwithstanding paragraph 146(12)(a), for the purposes of this Part, where a registered retirement savings plan ceases to exist and a payment or transfer of funds out of that plan has been made to which subsection 146(16) applied, if an individual’s excess amount for a year in respect of registered retirement savings plans would have been greater had that plan not ceased to exist, for the purpose of computing the excess amount for a year in respect of registered retirement savings plans for so long as the individual or the individual’s spouse or common-law partner is the annuitant under any registered retirement savings plan under which an annuity has not commenced to be paid to the annuitant, the plan that ceased to exist shall be deemed to remain in existence and the individual or the individual’s spouse or common-law partner, as the case may be, shall be deemed to continue to be the annuitant thereunder. When retirement savings plan deemed to be a registered plan
For the purposes of subsections (2.01), (2.11), (2.21) and (2.31), Gain déterminé (2.32) Pour l’application du sous-alinéa (2.31)(b)(ii), gain déterminé s’entend d’un gain relatif au règlement ou à l’extinction d’une dette en monnaie étrangère visée à la subdivision (2.31)(b)(ii)(A)(II) ou d’un gain qui découle d’une convention donnée visée à la division (2.31)(b)(ii)(B), si la société de personnes donnée, ou toute personne ou société de personnes avec laquelle la société donnée était une de lien de dépendance à un moment où la dette était impayée ou la convention donnée était en vigueur, selon le cas, a conclu une convention qu’il est raisonnable de considérer comme ayant été conclue principalement afin de couvrir le risque de change découlant de la dette en monnaie étrangère ou de la convention donnée. Dividendes exonérés
Where a retirement savings plan under which an individual or the individual’s spouse or common-law partner is the annuitant (within the meaning assigned by subsection 146(1)) is accepted by the Minister for registration, for the purpose of determining (a) the amount of undeducted RRSP premiums of the individual at any time, and (b) the excess amount for a year in respect of registered retirement savings plans of the individual at any time, the retirement savings plan shall be deemed to have become a registered retirement savings plan on the later of the day on which the plan came into existence and May 25, 1976. Definition of excess amount for a DPSP
Les règles ci-après s’appliquent aux paragraphes (2.01), (2.11), (2.21) et (2.31) : a) le dividende reçu par une société résidant au Canada est un dividende exonéré jusqu’à concurrence du montant relatif au dividende qui est déductible du revenu de la société dans le calcul de son revenu imposable par l’effet de l’un des alinéas 113(1)a) à e); b) le dividende qu’une société étrangère affiliée donnée d’une société résidant au Canada reçoit d’une autre société étrangère affiliée de cette société est un dividende exonéré jusqu’à concurrence de l’excédent de la partie du dividende non considérée par règlement comme payée sur le surplus de l’autre société étrangère affiliée antérieur à l’acquisition, sur la partie de l’impôt sur le revenu ou sur les bénéfices qui est raisonnable de considérer comme payée au titre de cette partie de dividende par la société affiliée donnée ou par une société de personnes dans laquelle cette dernière avait une participation directe ou indirecte au moment du paiement de l’impôt sur le revenu ou sur les bénéfices; c) la somme visée par règlement est réputée être une somme qu’une société étrangère affiliée donnée d’une société résidant au Canada reçoit, au moment du rajustement mentionné au paragraphe 5905(7.7) du Règlement de l’impôt sur le revenu, d’une autre société étrangère affiliée de la société et qui se rapporte à un dividende exonéré sur une action du capital-actions de l’autre société affiliée. Loss on disposition of shares of foreign affiliate [(A – B) × C/D]/E where Income Tax PART I Income Tax DIVISION B Computation of Income
Excess amount at any time for a trust governed by a deferred profit sharing plan means the total of all amounts each of which is (a) such portion of the total of all contributions made to the trust before that time and after May 25, 1976 by a beneficiary under the plan, other than (i) contributions that have been deducted by the beneficiary under paragraph 60(k) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, (ii) amounts transferred to the plan on behalf of the beneficiary in accordance with subsection 147(19), or (iii) the portion of the contributions (other than contributions referred to in subparagraphs 204.2(4)(a)(i) and 204.2(4)(a)(ii)) made by the beneficiary in each calendar year before 1991 not in excess of $5,500, as has not been returned to the beneficiary before that time; or (b) a gift received by the trust before that time and after May 25, 1976. PRPP withdrawals
Special cases Impôt sur le revenu
Notwithstanding the Pooled Registered Pension Plans Act or any similar law of a province, a member of a PRPP may withdraw an amount from the member’s account under the PRPP to reduce the amount of tax that would otherwise be payable by the member under this Part, to the extent that the reduction cannot be achieved by withdrawals from plans other than PRPPs. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] Return and payment of tax
(a) file with the Minister a return for the year under this Part in prescribed form and containing prescribed information, without notice or demand therefor; (b) estimate in the return the amount of tax, if any, payable by the taxpayer under this Part in respect of each month in the year; and (c) pay to the Receiver General the amount of tax, if any, payable by the taxpayer under this Part in respect of each month in the year.
Subsections 150(2) and 150(3), sections 152 and 158, subsections 161(1) and 161(11), sections 162 to 167 and Division J of Part I are applicable to this Part with such modifications as the circumstances require. Tax in Respect of Registered Investments
(b) registered retirement income funds, and (c) deferred profit sharing plans and that has not been notified by the Minister that it is no longer registered under this Part. Acceptance of applicant for registration
Choix communiqués en retard
The Minister may accept for registration for the purposes of this Part any applicant that is (a) a trust that has as its sole trustee a corporation licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada the business of offering to the public its services as trustee if, on the particular date referred to in subsection 204.4(1), (i) all the property of the applicant is held in trust for the benefit of not fewer than 20 beneficiaries and (A) not fewer than 20 beneficiaries are taxpayers described in any of paragraphs 149(1)(o) to (o.2), (o.4) or (s), or (B) not fewer than 100 beneficiaries are taxpayers described in paragraph 149(1)(r) or (x), (A) the fair market value at the time of acquisition of its (I) shares, marketable securities and cash, and (B) the amount by which the fair market value at the time of acquisition of its real or immovable property that may reasonably be regarded as being held for the purpose of producing income from property exceeds the total of all amounts each of which is owing by it on account of its acquisition of the real or immovable property is not less than 80% of the amount by which the fair market value at the time of acquisition of all its property exceeds the total of all amounts each of which is owing by it on account of its acquisition of real or immovable property, (iii) the fair market value at the time of acquisition of its shares, bonds, mortgages, hypothecary claims and other securities of any one corporation or debtor (other than bonds, mortgages, hypothecary claims and other securities of or guaranteed by Her Majesty in right of Canada or a province or Canadian municipality) is not more than 10% of the amount by which the fair market value at the time of acquisition of all its property exceeds the total of all amounts each of which is an amount owing by it on account of its acquisition of real or immovable property, (iv) the amount by which (A) the fair market value at the time of acquisition of any one of its real or immovable properties (B) the total of all amounts each of which is owing by it on account of its acquisition of the real or immovable property is not more than 10% of the amount by which the fair market value at the time of acquisition of all its property exceeds the total of all amounts each of which is owing by it on account of its acquisition of real or immovable property, (v) not less than 95% of the income of the applicant for its most recently completed fiscal period, or where no such period exists, that part of its current fiscal period before the particular date, was derived from investments described in subparagraph 204.4(2)(a)(iii), (vi) the total value of all interests in the applicant owned by all trusts or corporations described in any of paragraphs 149(1)(o) to (o.2), (o.4) or (s) to which any one employer, either alone or together with persons with whom the employer was not dealing at arm’s length, has made contributions does not exceed 25% of the value of all its property, (vii) the total value of all interests in the applicant owned by all trusts described in paragraph 149(1)(r) or (x) to which any one taxpayer, either alone or together with persons with whom the taxpayer was not dealing at arm’s length, has made contributions does not exceed 25% of the value of all its property, and (viii) the applicant does not hold property acquired by it after May 26, 1975 that is (A) a mortgage or hypothecary claim (other than a mortgage or hypothecary claim insured under the National Housing Act or by a corporation that offers its services to the public in Canada as an insurer of mortgages or hypothecary claims and that is approved as a private insurer of mortgages or hypothecary claims by the Superintendent of Financial Institutions pursuant to the powers assigned to the Superintendent under subsection 6(1) of the Office of the Superintendent of Financial Institutions Act), or an interest therein, or for civil law a right therein, in respect of which the mortgagor or hypothecary debtor is the annuitant under a registered retirement savings plan or registered retirement income fund, or a person with whom the annuitant is not dealing at arm’s length, if any of the funds of a trust governed by such a plan or fund have been used to acquire an interest in the applicant, or (B) a bond, debenture, note or similar obligation issued by a cooperative corporation (within the meaning assigned by subsection 136(2)) or a credit union that has granted any benefit or privilege to any annuitant or beneficiary under a plan or fund referred to in subsection 204.4(1) that is dependent on or related to notes or similar obligations of the cooperative corporation or credit union, or (III) ownership by the applicant of shares, bonds, debentures, notes or similar obligations of the cooperative corporation or credit union if the trust governed by any such plan or fund has used any of its funds to acquire an interest in the applicant; (b) a trust that (i) would be a trust described in paragraph 204.4(2)(a) if that paragraph were read without reference to subparagraphs 204.4(2)(a)(i), 204.4(2)(a)(vi) and 204.4(2)(a)(vii), and (ii) holds only prescribed investments for the type of plan or fund in respect of which it has applied for registration; (c) a mutual fund trust; (i) would be a mutual fund trust if paragraph 132(6)(c) were not applicable, and (ii) holds only prescribed investments for the type of plan or fund in respect of which it has applied for registration; (e) a mutual fund corporation or investment corporation; or (f) a corporation that (i) would be a mutual fund corporation or investment corporation if it could have elected to be a public corporation under paragraph (b) of the definition public corporation in subsection 89(1) had the conditions prescribed therefor required only that a class of shares of its capital stock be qualified for distribution to the public, and (ii) holds only prescribed investments for the type of plan or fund in respect of which it has applied for registration.
Lorsque le choix visé au paragraphe (1) n’a pas été fait au plus tard à la date à laquelle une société était tenue de le faire, le choix est réputé avoir été fait à cette date si, au plus tard dans les 3 ans suivant cette date : a) le choix est fait selon les modalités réglementaires; b) la société verse le montant estimatif de la pénalité relative à ce choix au moment où celui-ci est fait. Cas spéciaux (5.1) Lorsque le ministre est d’avis que les circonstances d’un cas sont telles qu’il serait juste et équitable : a) de permettre qu’un choix visé au paragraphe (1) soit fait plus de 3 ans après la date à laquelle une société était tenue de le faire en vertu de ce paragraphe; b) de permettre que le choix fait en vertu du paragraphe (1) soit modifié, le choix ou le choix modifié est réputé avoir été fait à la date à laquelle la société était tenue de le faire, si : c) d’une part, le choix ou le choix modifié est fait selon le formulaire prescrit; d) d’autre part, la société paie le montant estimatif de la pénalité relative au choix ou au choix modifié, au moment où celui-ci est fait; et, lorsque le présent paragraphe s’applique à la modification d’un choix, ce choix est réputé n’avoir jamais été en vigueur. Choix modifié (5.2) Le choix (appelé « choix modifié » au présent paragraphe) qu’un contribuable fait aux termes du paragraphe (1) à l’égard de la disposition d’actions du capital-actions d’une de ses sociétés étrangères affiliées est réputé avoir été fait à la date limite où il devait l’être, et tout choix antérieur (appelé « ancien choix » au présent paragraphe) fait aux termes du paragraphe (1) à l’égard de cette disposition est réputé ne pas avoir été fait si les conditions ci-après sont réunies : Income Tax PART I Income Tax DIVISION B Computation of Income
The Minister shall notify a registered investment that it is no longer registered (a) on being satisfied that, at a date subsequent to its registration date, it no longer satisfies one or more of the conditions necessary for it to be acceptable for registration under this Part, other than a condition the failure of which to satisfy would make it liable for tax under section 204.6; or (b) within 30 days after receipt of a request in prescribed form from the registered investment for termination of its registration.
Unpaid balance of penalty R.S., 1985, c. 1 (5th Supp.), s. 93; 1994, c. 7, Sch. II, s. 68; 1996, c. 19, s. 142; 2001, c. 17, s. 70; 2013, c. 34, s. 32, 68. Impôt sur le revenu
Notwithstanding a notification to a taxpayer under subsection (3), for the purposes of sections 204.6 and 204.7, the taxpayer is deemed to be a registered investment for each month or part of a month after the notification during which an interest in, or a share of the capital stock of, the taxpayer continues, by virtue of having been a registered investment, to be a qualified investment for a plan or fund referred to in subsection (1). Cancellation of revocation
Where a registered investment has been notified pursuant to paragraph 204.4(3)(a) and within 3 months from the date of notification it satisfies the Minister that it is acceptable for registration under this Part, the Minister may declare the notification to be a nullity.
Where at any time in a year a particular trust described in paragraph 204.4(2)(a) or 204.4(2)(b) has substantially the same beneficiaries and can reasonably be regarded as being a continuation of another trust that was a registered investment in the year or the immediately preceding year, for the purposes of this Part, the particular trust shall be deemed to be the same trust as the other trust. Deemed registration of registered investment
Where at the end of any month a registered investment could qualify for acceptance at that time under subsection 204.4(2), it shall be deemed for the purposes of section 204.6 to have been registered under the first of the following paragraphs under which it is registrable regardless of the paragraph under which it was accepted for registration by the Minister: (a) paragraph 204.4(2)(c) or 204.4(2)(e), as the case may be; (c) paragraph 204.4(2)(d) or 204.4(2)(f), as the case may be; and Publication
a) le contribuable n’a pas fait le choix prévu à l’article 51 de la Loi de 2012 apportant des modifications techniques concernant l’impôt et les taxes; b) le contribuable a fait l’ancien choix avant le 19 décembre 2009; c) de l’avis du ministre, les circonstances sont telles qu’il serait juste et équitable de permettre la modification de l’ancien choix; d) le choix modifié est fait, sur le formulaire prescrit, avant 2014. Pénalités pour choix tardifs
Pour l’application du présent article, la pénalité relative au choix ou au choix modifié visé à l’alinéa (5)a) ou (5.1)c) est un montant égal à la moins élevée des sommes suivantes : a) 1/4 de 1 % du montant indiqué dans le choix ou le choix modifié pour chaque mois ou fraction de mois de la période commençant à la date à laquelle une société était tenue de faire le choix aux termes du paragraphe (1) et se terminant à la date où le choix est fait; b) le produit, ne dépassant pas 8 000 $, de la multiplication de 100 $ par le nombre de mois tombant, en tout ou en partie, dans la période visée à l’alinéa a). Solde impayé de pénalité
A is the fair market value of the property at the time of its acquisition by the taxpayer; B is the total number of units or shares of the capital stock of the registered investment held at the end of the month by one or more (a) trusts that are governed by any of a FHSA, RDSP, RESP, RRIF, RRSP, TFSA or deferred profit sharing plan, or C is the total number of issued units or issued and outstanding shares of the capital stock of the registered investment at the end of the month.
Le ministre, avec diligence, examine chaque choix ou choix modifié visé à l’alinéa (5)a) ou (5.1)c), calcule la pénalité payable et envoie un avis de cotisation à la société; celle-ci doit payer sans délai au receveur général l’excédent éventuel de la pénalité ainsi calculée sur le total des sommes antérieurement versées au titre de cette pénalité. [NOTE: Les dispositions d’application ne sont pas incluses dans le texte consolidé; voir les lois et règlements modificatifs appropriés.]
Where at the end of any month a taxpayer that is a registered investment described in paragraph 204.4(2)(a) or (b) holds property that is a share, bond, mortgage, hypothecary claim or other security of a corporation or debtor (other than bonds, mortgages, hypothecary claims and other securities of or guaranteed by Her Majesty in right of Canada or a province or Canadian municipality), it shall, in respect of that month, pay a tax under this Part equal to 1% of the amount, if any, by which
R. (1985), ch. 1 (5e suppl.), art. 93; 1994, ch. 7, ann. II, art. 68; 1996, ch. 19, art. 142; 2001, ch. 17, art. 70; 2013, ch. 34, art. 32 et 68. Actions détenues par une société de personnes
(a) the total of all amounts each of which is the fair market value of such a property at the time of its acquisition (b) 10% of the amount by which (i) the total of all amounts each of which is the fair market value, at the time of acquisition, of one of its properties (ii) the total of all amounts each of which is an amount owing by the trust at the end of the month in respect of the acquisition of real property or immovables.
Specified provisions for subsection (1) (1.1) For the purposes of subsection (1), the specified provisions are (a) subsections (2), (5), 20(12) and 39(2.1), sections 90, 93, 93.3 and 113, paragraphs 128.1(1)(c.3) and (d), section 212.3, subsection 219.1(2) and section 233.4; (d) paragraph 95(2)(g.04), subsections 95(2.2) and (8) to (12) and section 126. chacun de ses associés en un nombre égal à la proportion du total de ces actions que représente le rapport entre : a) d’une part, la juste valeur marchande de la participation de l’associé dans la société de personnes à ce moment; b) d’autre part, la juste valeur marchande de l’ensemble des participations des associés dans la société de personnes à ce moment. Dispositions déterminées (1.1) Pour l’application du paragraphe (1), les dispositions déterminées sont les suivantes : a) les paragraphes (2), (5), 20(12) et 39(2.1), les articles 90, 93, 93.3 et 113, les alinéas 128.1(1)c.3) et d), l’article 212.3, le paragraphe 219.1(2) et l’article 233.4; b) l’article 95, dans la mesure où il s’applique aux dispositions visées à l’alinéa a); c) les dispositions réglementaires prises pour l’application des dispositions visées à l’alinéa a); d) l’alinéa 95(2)g.04), les paragraphes 95(2.2) et (8) à (12) et l’article 126. Dividendes reçus par une société de personnes
If at the end of any month a taxpayer that is a registered investment described in paragraph 204.4(2)(a) holds real or immovable property, it shall, in respect of that month, pay a tax under this Part equal to 1% of the total of all amounts each of which is the amount by which the excess of (a) the fair market value at the time of its acquisition of any one real or immovable property of the taxpayer (b) the total of all amounts each of which was an amount owing by it at the end of the month on account of its acquisition of the real or immovable property was greater than 10% of the amount by which the total of all amounts each of which is the fair market value at the time of its acquisition of a property held by it at the end of the month exceeds the total of all amounts each of which was an amount owing by it at the end of the month on account of its acquisition of the properties held by it. Return and payment of tax
Lorsque, d’après les hypothèses formulées à l’alinéa 96(1)c), des actions d’une catégorie du capital-actions d’une société étrangère affiliée d’une société résidant au Canada (appelées « actions de société affiliée » au présent paragraphe) appartiennent à une société de personnes à un moment où la société affiliée verse un dividende sur de telles actions à la société de personnes, les règles suivantes s’appliquent : a) pour l’application des articles 93 et 113 et des dispositions réglementaires prises pour l’application de ces articles, chaque associé de la société de personnes (sauf une autre société de personnes) est réputé avoir reçu la proportion du dividende de la société de personnes qui représente le rapport entre : (i) d’une part, la juste valeur marchande de la participation qu’il détient, directement ou indirectement par l’intermédiaire d’une ou de plusieurs autres sociétés de personnes, dans la société de personnes à ce moment; (ii) d’autre part, la juste valeur marchande de l’ensemble des participations dans la société de personnes détenues directement par des associés de celle-ci à ce moment; (d) notwithstanding paragraphs (a) to (c), Tiered partnerships (b) any of paragraphs 13(21.2)(a), 14(12)(a), 18(13)(a), 40(2)(e.1), (e.3) and (e.3)(a); and (c) subsections 39(2.1), 40(3.6) and 87(8.3).
(a) file with the Minister a return for the year under this Part in prescribed form and containing prescribed information, without notice or demand therefor; (b) estimate in the return the amount of tax, if any, payable by it under this Part for the year; and (c) pay to the Receiver General the amount of tax, if any, payable by it under this Part for the year.
For the purposes of subsection (5), Income Tax PART I Income Tax DIVISION B Computation of Income
Where the trustee of a registered investment that is liable to pay tax under this Part does not remit to the Receiver General the amount of the tax within the time specified in subsection 204.7(1), the trustee is personally liable to pay on behalf of the registered investment the full amount of the tax and is entitled to recover from the registered investment any amount paid by the trustee as tax under this section.
(iii) paragraphs 95(2)(a) and (g), and (iv) subsections 95(2.2) and (2.21); and [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2001, c. 17, s. 71; 2012, c. 31, s. 20; 2013, c. 34, ss. 69, 427; 2014, c. 39, s. 211; 2018, c. 27, s. 6. Definitions non-resident corporation without share capital means a non-resident corporation that, determined without reference to this section, does not have capital divided into shares. (société non-résidente sans capital-actions) Impôt sur le revenu
Subsections 150(2) and 150(3), sections 152 and 158, subsections 161(1) and 161(11), sections 162 to 167 and Division J of Part I are applicable to this Part with such modifications as the circumstances require. Labour-sponsored Venture Capital Corporations annuitant has the meaning assigned by subsection 146(1); (rentier) eligible business entity, at any time, means a particular entity that is (b) a Canadian partnership or a taxable Canadian corporation, all or substantially all of the fair market value of the property of which is, at that time, attributable to (i) property used in a specified active business carried on by the particular entity or by a corporation controlled by the particular entity, (ii) shares of the capital stock or debt obligations of one or more entities that, at that time, are eligible business entities related to the particular entity, or eligible investment of a particular corporation means (a) a share that was issued to the particular corporation and that is a share of the capital stock of a corporation that was an eligible business entity at the time the share was issued, (b) a particular debt obligation that was issued to the particular corporation by an entity that was an eligible business entity at the time the particular debt obligation was issued where (i) the entity is not restricted by the terms of the particular debt obligation or by the terms of any agreement related to that obligation from incurring other debts, (ii) the particular debt obligation, if secured, is secured solely by a floating charge on the assets of the entity or by a guarantee referred to in paragraph (c), and (iii) the particular debt obligation, by its terms or any agreement related to that obligation, is subordinate to all other debt obligations of the entity, except that, where the entity is a corporation, the particular debt obligation need not be subordinate to (A) a debt obligation, issued by the entity, that is prescribed to be a small business security, or (B) a debt obligation owing to a shareholder of the entity or to a person related to any such shareholder, (c) a guarantee provided by the particular corporation in respect of a debt obligation that would, if the debt obligation had been issued to the particular corporation at the time the guarantee was provided, have been at that time an eligible investment because of paragraph (b), or (d) an option or a right granted by an eligible business entity that is a corporation, in conjunction with the issue of a share or debt obligation that is an eligible investment, to acquire a share of the capital stock of the eligible business entity that would be an eligible investment if that share were issued at the time that the option or right was granted, if the following conditions are satisfied: (e) immediately after the time the share or debt obligation was issued, the guarantee was provided or the option or right was granted, as the case may be, the total of the costs to the particular corporation of all shares, options, rights and debt obligations of the eligible business entity and all corporations related to it and 25% of the amount of all guarantees provided by the particular corporation in respect of debt obligations of the eligible business entity and the related corporations does not exceed the lesser of $15,000,000 and 10% of the shareholders’ equity in the particular corporation, determined in accordance with generally accepted accounting principles, on a cost basis and without taking into account any unrealized gains or losses on the investments of the particular corporation, and (f) immediately before the time the share or debt obligation was issued, the guarantee was provided or the option or right was granted, as the case may be, (i) the carrying value of the total assets of the eligible business entity and all corporations (other than prescribed labour-sponsored venture capital corporations) related to it (determined in accordance with generally accepted accounting principles on a consolidated or combined basis, where applicable) did not exceed $50,000,000, and (A) the number of employees of the eligible business entity and all corporations related to it who normally work at least 20 hours per week for the entity and the related corporations, and (B) 1/2 of the number of other employees of the entity and the related corporations, did not exceed 500; eligible labour body means a trade union, as defined in the Canada Labour Code, that represents employees in more than one province, or an organization that is composed of 2 or more such unions; (organisme syndical admissible) original acquisition of a share has the meaning assigned by subsection 127.4(1); (acquisition initiale) reserve means (a) property described in any of paragraphs (a), (b), (c), (f) and (g) of the definition qualified investment in section 204, and (b) deposits with a credit union that is a member institution in relation to a deposit insurance corporation (within the meaning assigned by subsection 137.1(5)); (réserve) revoked corporation means a corporation the registration of which has been revoked under subsection 204.81(6); (Version anglaise seulement) specified active business, at any time, means an active business that is carried on in Canada where (a) at least 50% of the full-time employees employed at that time in respect of the business are employed in Canada, and (b) at least 50% of the salaries and wages paid to employees employed at that time in respect of the business are reasonably attributable to services rendered in Canada by the employees; (entreprise déterminée exploitée activement) specified individual, in respect of a share, means an individual (other than a trust) whose labour-sponsored funds tax credit (as defined by subsection 127.4(6)) in respect of the original acquisition of the share is not nil or would not be nil if this Act were read without reference to paragraphs 127.4(6)(b) and 127.4(6)(d). (particulier déterminé) start-up period of a corporation means (a) subject to paragraph (c), in the case of a corporation that first issued Class A shares before February 17, 1999, the corporation’s taxation year in which it first issued those shares and the four following taxation years, (b) subject to paragraph (c), in the case of a corporation that first issues Class A shares after February 16, 1999, the corporation’s taxation year in which it first issued those shares and the following taxation year, or (c) where a corporation files an election with its return under this Part for a particular taxation year of the corporation that ends after 1998 and that is referred to in paragraph (a) or (b), the period, if any, consisting of the taxation years referred to in paragraph (a) or (b), as the case may be, other than the particular year and all taxation years following the particular year. (période de démarrage) terminating corporation in respect of a particular corporation means a predecessor corporation in circumstances where (a) subsection 204.85(3) applies to a merger of the particular corporation and the predecessor corporation, (b) Class A shares of the particular corporation have been issued to the predecessor corporation in exchange for property of the predecessor corporation, and (c) within a reasonable period of time after the exchange, Class A shareholders of the predecessor corporation receive all of the Class A shares of the particular corporation issued to the predecessor corporation in the course of a wind-up of the predecessor corporation. (société sortante) When venture capital business discontinued
For the purposes of section 127.4, this Part and Part XII.5, a corporation discontinues its venture capital business (a) at the time its articles cease to comply with paragraph 204.81(1)(c) and would so cease to comply if it had been incorporated after December 5, 1996; (b) at the time it begins to wind-up, and for the purposes of this paragraph a corporation is not to be considered to have begun to wind up solely because it discontinues its venture capital business under prescribed wind-up rules; (c) immediately before the time it amalgamates or merges with one or more other corporations to form one corporate entity (other than an entity deemed by paragraph 204.85(3)(d) to have been registered under this Part); (d) at the time it becomes a revoked corporation, if one of the grounds on which the Minister could revoke its registration for the purposes of this Part is set out in paragraph 204.81(6)(a.1); or (e) at the first time after the revocation of its registration for the purposes of this Part that it fails to comply with any of the provisions of its articles governing its authorized capital, the management of its business and affairs, the reduction of paid-up capital or the redemption or transfer of its Class A shares. Date of issue of Class A shares
For the purposes of this Part and subsection 211.8(1), in determining the time of the issue or the original acquisition of Class A shares, identical Class A shares held by a person are deemed to be disposed of by the person in the order in which the shares were issued. Conditions for registration
(a) the corporation has applied in prescribed form to the Minister for registration; (b) the corporation was caused to be incorporated under the Canada Business Corporations Act by an eligible labour body; and (c) the articles of the corporation provide that (i) the business of the corporation is restricted to assisting the development of eligible business entities and to creating, maintaining and protecting jobs by providing financial and managerial advice to such entities and by investing funds of the corporation in eligible investments and reserves, (ii) the authorized capital of the corporation shall consist only of (A) Class A shares that are issuable only to individuals (other than trusts), terminating corporations in respect of the corporation and trusts governed by registered retirement savings plans or by TFSAs and that entitle their holders (I) to receive notice of and, subject to the Canada Business Corporations Act, to attend and vote at all meetings of the shareholders of the corporation, (II) to receive dividends at the discretion of the board of directors of the corporation, and (III) to receive, on dissolution of the corporation, all the assets of the corporation that remain after payment of all amounts payable to the holders of all other classes of shares of the corporation, (B) Class B shares that are issuable only to and may be held only by eligible labour bodies, that entitle each of those shareholders (I) to receive notice of and, subject to the Canada Business Corporations Act, to attend and vote at all meetings of the shareholders of the corporation, and (II) to receive, on dissolution of the corporation, an amount equal to the amount of the consideration received by the corporation on the issue of the Class B shares, but that do not entitle them to receive dividends, and (C) any additional classes of shares that are authorized, if the rights, privileges, restrictions and conditions attached to the shares are approved by the Minister of Finance, (iii) the business and affairs of the corporation shall be managed by a board of directors, at least 1/2 of whom are appointed by the Class B shareholders, (iv) the corporation shall not reduce its paid-up capital in respect of a class of shares (other than Class B shares) otherwise than by way of (A) a redemption of shares of the corporation, or (B) a reduction in its paid-up capital attributable to a class of shares for which no shares have been issued in the eight-year period ending at the time of the reduction, (v) the corporation shall not redeem a Class A share in respect of which an information return described in paragraph 204.81(6)(c) has been issued unless (A) if the share is held by the specified individual in respect of the share, a spouse or common-law partner or former spouse or common-law partner of that individual or a trust governed by a registered retirement savings plan, TFSA or registered retirement income fund under which that individual, spouse or common-law partner is the annuitant, (I) a request in writing to redeem the share is made by the holder to the corporation and the information return referred to in paragraph 204.81(6)(c) has been returned to the corporation, or (III) the corporation is notified in writing that the specified individual in respect of the share became disabled and permanently unfit for work or terminally ill after the share was issued, (D) the corporation is notified in writing that the share is held by a person on whom the share has devolved as a consequence of the death of (II) an annuitant under a trust governed by a registered retirement savings plan, TFSA or registered retirement income fund that was a holder of the share, (E) the redemption occurs (I) more than eight years after the day on which the share was issued, or (II) if the day that is eight years after that issuance is in February or March of a calendar year, in February or on March 1st of that calendar year but not more than 31 days before that day, or (F) the holder of the share has satisfied such other conditions as are prescribed, (vii) the corporation shall not register a transfer of a Class A share by the specified individual in respect of the share, a spouse or common-law partner of the specified individual or a trust governed by a registered retirement savings plan, TFSA or registered retirement income fund under which the specified individual or spouse or common-law partner is the annuitant, unless (A) no information return referred to in paragraph 204.81(6)(c) has been filed in respect of the share, (A) no information return has been issued under paragraph 204.81(6)(c) in respect of the share, (B) the transfer occurs more than eight years after the day on which the share was issued, (C) the transfer is to the specified individual, a spouse or common-law partner or former spouse or common-law partner of the specified individual or a trust governed by a registered retirement savings plan, TFSA or registered retirement income fund under which the specified individual or the spouse or common-law partner or former spouse or common-law partner of the specified individual is the annuitant, (D) the corporation is notified in writing that the transfer occurs as a consequence of the death of the specified individual or a spouse or common-law partner of the specified individual, (E) the corporation is notified in writing that the transfer occurs after the specified individual dies, (G) the corporation is notified in writing that the specified individual became disabled and permanently unfit for work or terminally ill after the share was issued and before the transfer, or (H) such other conditions as are prescribed are satisfied. (viii) the corporation shall not pay any fee or remuneration to a shareholder, director or officer of the corporation unless the payment was approved by a resolution of the directors of the corporation, and (ix) the corporation shall not make any investment in an eligible business entity with which the corporation or any of the directors of the corporation does not deal at arm’s length unless (A) the corporation would deal at arm’s length with the eligible business entity but for the corporation’s interest as the holder of eligible investments in such entity, or (B) the investment was approved by special resolution of the shareholders of the corporation before the investment was made. Corporations incorporated before March 6, 1996 (1.1) In applying clause (1)(c)(v)(E)(II) in relation to any time before 2004 in respect of a corporation incorporated before March 6, 1996, the references in that clause to “eight” are replaced with references to “five” if, at that time, the relevant statements in the corporation’s articles refer to “five”. Deemed provisions in articles (1.2) In applying subsection (1) in relation to any time before 2004, to a corporation incorporated before February 7, 2000, if the articles of the corporation comply with subclause (1)(c)(v)(E)(I) (as modified, where relevant, by subsection (1.1)), those articles are deemed to provide the statement required by subclause (1)(c)(v)(E)(II).
(i) l’alinéa b) de l’élément A de la formule figurant à la définition de revenu étranger accumulé, tiré de biens au paragraphe 95(1), (ii) lorsqu’il s’agit de déterminer si un bien d’une société étrangère affiliée d’un contribuable est un bien exclu de celle-ci, l’élément B de la formule figurant à la définition de revenu étranger accumulé, tiré de biens au paragraphe 95(1), (iii) les alinéas 95(2)a) et g), et (iv) les paragraphes 95(2.2) et (2.21); b) les hypothèses pertinentes sont les suivantes : (i) la société de personnes est une société non-résidente dont le capital-actions compte une seule catégorie de 100 actions émises ayant chacune plein droit de vote, (ii) chaque associé de la société de personnes (sauf une autre société de personnes) détient, à un moment donné, la proportion des actions émises de cette catégorie représentant le rapport entre : (A) d’une part, la juste valeur marchande de la participation de l’associé dans la société de personnes à ce moment, détenue directement ou indirectement par l’intermédiaire d’une ou de plusieurs sociétés de personnes, (B) d’autre part, la juste valeur marchande de l’ensemble des participations dans la société de personnes détenues directement par les membres de la société de personnes à ce moment. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2001, ch. 17, art. 71; 2012, ch. 31, art. 20; 2013, ch. 34, art. 69 et 427; 2014, ch. 39, art. 211; 2018, ch. 27, art. 6. Définitions
On registering a corporation under subsection 204.81(1), the Minister shall assign to it a registration number. Successive registrations
participation Est une participation dans une société non-résidente sans capital-actions tout droit, absolu ou conditionnel, conféré par la société, de recevoir, dans l’immédiat ou dans le futur, une somme qu’il est raisonnable de considérer comme représentant tout ou en partie le capital ou son revenu, à l’exclusion d’un droit à titre de créancier. (equity interest) société non-résidente sans capital-actions Est une société non-résidente sans capital-actions dont le capital, déterminé compte non tenu du présent article, n’est pas divisé en actions. (non-resident corporation without share capital)
Where an eligible labour body causes more than one corporation to be registered under this Part, for the purposes of paragraph 204.81(6)(h) and section 204.82, each of those corporations shall be deemed (a) to have issued a Class A share at the earliest time any such corporation issued a Class A share, and, where the corporation did not exist at the time referred to in paragraph 204.81(3)(a), (b) to have been in existence during the particular period beginning immediately before that time and ending immediately after the corporation was incorporated, and (c) to have had, throughout the particular period, fiscal periods ending on the same calendar day in each year in the particular period as the calendar day on which its first fiscal period after it was incorporated ended. Determination of cost
For the purposes of section 51, subsection 85.1(3), section 86 and paragraph 95(2)(c), Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this Part, the cost at any time to a corporation of an eligible investment that is a guarantee shall be deemed to be 25% of the amount of the debt obligation subject to the guarantee at that time.
Definition of specified trust Conditions for subsection (3) Impôt sur le revenu
Where the Minister registers a corporation for the purposes of this Part, the corporation shall be deemed to have become so registered on the later of (a) the day the application for registration of the plan is received by the Minister, and (b) where in the application for registration a day is specified as the day on which the registration is to take effect, that day.
The Minister may revoke the registration of a corporation for the purposes of this Part where (a) the articles of the corporation do not comply with paragraph 204.81(1)(c) and would not comply with that paragraph if the corporation had been incorporated after December 5, 1996; (a.1) the corporation does not comply with any of the provisions of its articles described in paragraph 204.81(1)(c), except where there would be no failure to comply if the provisions of its articles were consistent with the articles of a corporation that would be permitted to be registered under this Part if it had been incorporated after December 5, 1996; (b) an individual acquires or irrevocably subscribes and pays for a Class A share of the capital stock of the corporation in the period beginning on the 61st day of a calendar year and ending on the 60th day of the following calendar year and the corporation fails to file with the Minister an information return in prescribed form containing prescribed information before April of that following calendar year; (c) an individual acquires or irrevocably subscribes and pays for a Class A share of the capital stock of the corporation in the period beginning on the 61st day of a calendar year and ending on the 60th day of the following calendar year and the corporation fails to issue to the individual before April of that following calendar year an information return in prescribed form stating the amount of the consideration paid for the share in that period; (d) the corporation issues more than one information return described in paragraph 204.81(6)(c) in respect of the same acquisition of or subscription for a Class A share; (e) the financial statements of the corporation presented to its shareholders are not prepared in accordance with generally accepted accounting principles; (f) the corporation fails within 6 months after the end of any taxation year to have an independent valuation of its shares made as of the end of that year;
(h) the corporation does not pay the tax or penalty payable under section 204.82 by it on or before the day on or before which that tax or penalty is required to be paid; (i) tax was payable under subsection 204.82(3) by the corporation for 3 or more taxation years; (j) the corporation provides a guarantee that is an eligible investment and fails to maintain, at any time during the term of the guarantee, a reserve equal to the cost to the corporation of the guarantee at that time; (k) the corporation pays a fee or commission in excess of a reasonable amount in respect of the offering for sale, or the sale, of its shares; or (l) the corporation has a monthly deficiency in 18 or more months in any 36-month period.
Where the Minister proposes to revoke the registration of a corporation under subsection 204.81(6), the Minister shall, by registered mail, give notice to the corporation of the proposal.
b) si le contribuable fait le choix prévu au présent alinéa, dans un document qu’il présente au ministre au plus tard à sa date d’échéance de production pour l’année d’imposition qui comprend la date à laquelle la disposition ou l’échange se produit, l’alinéa a) ne s’applique pas à la disposition ou à l’échange. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2014, ch. 39, art. 22. Définition de fiducie déterminée
Where the Minister gives notice under subsection 204.81(7) to a registered labour-sponsored venture capital corporation, the Minister may, after the expiration of 30 days after the day of mailing of the notice, or after the expiration of such extended period after the day of mailing as the Federal Court of Appeal or a judge thereof, on application made at any time before the determination of any appeal under subsection 204.81(9) from the giving of the notice, may fix or allow, publish a copy of the notice in the Canada Gazette and, on the publication of a copy of the notice, the registration of the corporation is revoked. Voluntary de-registration (8.1) Where at any time the Minister receives a certified copy of a resolution of the directors of a corporation seeking the revocation of the corporation’s registration under this Part, (a) the registration is revoked at that time; and (b) the Minister shall, with all due dispatch, give notice in the Canada Gazette of the revocation. (8.2) Subsection 248(7) does not apply for the purpose of subsection (8.1). Transitional rules (8.3) If a registered labour-sponsored venture capital corporation notifies the Minister in writing of its intent to revoke its registration under this Part, the following rules apply: (a) the corporation shall not, on or after the day the notice is provided to the Minister (referred to in this subsection and subsection (8.4) as the “notification date”), issue any tax credit certificates, other than duplicate certificates to replace certificates issued before that day; (b) section 204.841 does not apply on the discontinuance of its venture capital business; (c) subsections 204.82(1) to (4) do not apply to taxation years of the corporation that begin on or after the notification date; and (d) subsection 204.83(1) does not apply in respect of a period, referred to in that subsection as the “second period”, that ends after the notification date. (a) on the notification date, the percentage determined in respect of the corporation by the following formula is less than 20 per cent: A is the amount of equity capital received by the corporation on the issue of Class A shares that were issued in the 24 months immediately preceding the notification date and are still outstanding on that date, B is the total amount of equity capital received by the corporation on the issue of Class A shares that are still outstanding on the notification date, and C is the amount of equity capital received by the corporation on the issue of Class A shares that, as of the notification date, have been outstanding for at least eight years. (b) the corporation has revoked its registration before the third anniversary of the notification date. Right of appeal
a) en l’absence du paragraphe (3), la fiducie serait visée à l’alinéa h) de la définition de fiducie étrangère exempte au paragraphe 94(1); b) la fiducie réside en Australie ou en Inde (appelée « juridiction déterminée » au présent article); c) la participation de chaque bénéficiaire de la fiducie est définie par rapport aux unités de celle-ci; d) la responsabilité de chaque bénéficiaire de la fiducie est limitée par l’effet de toute loi régissant la fiducie. Conditions d’application du paragraphe (3)
Where the Minister refuses to accept a corporation for registration under subsection 204.81(1) or gives notice of a proposal to revoke the registration of a corporation under subsection 204.81(7), the corporation may appeal to the Federal Court of Appeal from the decision or from the giving of the notice. Recovery of credit
Le paragraphe (3) s’applique à un moment donné à un contribuable résidant au Canada relativement à une fiducie si les conditions ci-après sont réunies : a) une société non-résidente a un droit de bénéficiaire dans la fiducie à ce moment; b) la société non-résidente est, à ce moment, une société étrangère affiliée du contribuable dans laquelle il a une participation admissible; c) la fiducie est une fiducie déterminée à ce moment; d) la juste valeur marchande totale à ce moment de l’ensemble des participations fixes, au sens du paragraphe 94(1) et d’une catégorie dans la fiducie qui est détenue par la société non-résidente, ou par des personnes ou des sociétés de personnes ayant un lien de dépendance avec la société non-résidente, correspond à au moins 10 % de la juste valeur marchande totale à ce moment de l’ensemble des participations fixes de la catégorie; e) à moins que la société non-résidente n’acquière un droit de bénéficiaire dans la fiducie pour la première fois à ce moment ou que la société non-résidente ne devienne pour la première fois une société étrangère affiliée du contribuable à ce moment, immédiatement avant ce moment (appelé « moment antérieur » au présent alinéa), le paragraphe (3) s’appliquait (i) au contribuable relativement à la fiducie, ou Income Tax PART I Income Tax DIVISION B Computation of Income
(a) 80% of the amount, if any, by which the total consideration received by it for Class A shares issued by it before that time exceeds the total of all amounts paid by it before that time to its shareholders as a return of capital on such shares exceeds (b) the total of all amounts each of which is the cost to the corporation of an eligible investment or reserve of the corporation at that time, the corporation shall pay a tax under this Part for the year equal to the amount determined by the formula A is the greatest amount by which the amount determined under paragraph 204.82(1)(a) exceeds the amount determined under paragraph 204.82(1)(b) for the year, and B is the total of all taxes payable under this subsection by the corporation for preceding taxation years. Liability for tax
Specified trusts Impôt sur le revenu
Each corporation that has been registered under this Part shall, in respect of each month that ends before its venture capital business is first discontinued and in a particular taxation year of the corporation that begins after the end of the corporation’s start-up period (or, where the corporation has no start-up period, that begins after the time the corporation first issues a Class A share), pay a tax under this Part equal to the amount obtained when the greatest investment shortfall at any time that is in the month and in the particular year (in this section and sections 204.81 and 204.83 referred to as the “monthly deficiency”) is multiplied by 1/60 of the prescribed rate of interest in effect during the month. (2.1) Subject to subsection 204.82(2.2), a corporation’s investment shortfall at any time in a particular taxation year is the amount determined by the formula A is 60% of the lesser of (a) the amount, if any, by which the amount of the shareholders’ equity in the corporation at the end of the preceding taxation year exceeds the specified adjustment in respect of the shareholders’ equity in the corporation at the end of that year, and (b) the amount, if any, by which the amount of the shareholders’ equity in the corporation at the end of the particular taxation year exceeds the specified adjustment in respect of the shareholders’ equity in the corporation at the end of the particular year; B is the greater of (a) the total of all amounts each of which is the adjusted cost to the corporation of an eligible investment of the corporation at that time, and (b) 50% of the total of all amounts each of which is (i) the adjusted cost to the corporation of an eligible investment of the corporation at the beginning of the particular year, or (ii) the adjusted cost to the corporation of an eligible investment of the corporation at the end of the particular year; and C is 60% of the amount, if any, by which (a) the total of all amounts each of which is a tax or penalty under subsection (3) or (4), or a prescribed tax or penalty, paid before that time by the corporation (other than the portion, if any, of that tax or penalty the liability for which resulted in a reduction in the amount of the shareholders’ equity at the end of any preceding taxation year) (b) the total of all amounts each of which is a refund before that time of any portion of the total described in paragraph (a). (2.2) For the purpose of this subsection and for the purpose of computing a corporation’s investment shortfall under subsection (2.1) at any time in a taxation year (in this subsection referred to as the “relevant year”), (a) unrealized gains and losses in respect of its eligible investments shall not be taken into account in computing the amount of the shareholders’ equity in the corporation; (i) the relevant year ends after 1998, and (ii) it is expected that a redemption of its Class A shares will occur after the end of a particular taxation year and, as a consequence, the amount of the shareholders’ equity in the corporation at the end of the particular year would otherwise be reduced to take into account the expected redemption, subject to paragraph 204.82(2.2)(c), the amount (or, where the relevant year ends in 1999, 2000, 2001 or 2002, 20%, 40%, 60% or 80%, respectively of the amount) expected to be redeemed shall not be taken into account in determining the amount of the shareholders’ equity in the corporation at the end of the particular year; (c) paragraph 204.82(2.2)(b) does not apply to a redemption expected to be made after the end of a taxation year where (i) the redemption is made within 60 days after the end of the year, and (A) tax under Part XII.5 became payable as a consequence of the redemption, or (B) tax under Part XII.5 would not have become payable as a consequence of the redemption if the redemption had occurred at the end of the year; (c.1) the specified adjustment in respect of shareholders’ equity in the corporation at the end of a taxation year is the amount determined by the formula A is the shareholders’ equity at the end of the year, B is the total of (i) the fair market value at the end of the year of all Class A shares issued by it before March 6, 1996 and more than five years before the end of the year, (ii) the fair market value at the end of the year of all Class A shares issued by it after March 5, 1996 and more than eight years before the end of the year, (iii) the fair market value at the end of the year of all Class A shares issued by it in the last 60 days of the year, and (iv) if the corporation so elects in writing filed with the Minister not more than six months after the end of the year and is not a revoked corporation at the end of the year, the fair market value at the end of the year of all shares of classes, of the capital stock of the corporation, to which clause 204.81(1)(c)(ii)(C) applies, C is the fair market value at the end of the year of all shares issued by it, and D is the amount by which the shareholders’ equity in the corporation at the end of the year has been reduced to take into account the expected subsequent redemption of shares of the capital stock of the corporation; and (i) 150% of the cost to the corporation of the eligible investment at that time where the eligible investment is (A) a property acquired by the corporation after February 18, 1997 (other than a property to which subparagraph (i.1) applies) that would be an eligible investment of the corporation if the reference to "$50,000,000" in paragraph (f) of the definition eligible investment in subsection 204.8(1) were read as "$10,000,000", or (i.1) 200% of the cost to the corporation of the eligible investment at that time where the eligible investment is a property acquired by the corporation after February 16, 1999 (other than a property described in clause (i)(B)) that would be an eligible investment of the corporation if the reference to "$50,000,000" in paragraph (f) of the definition eligible investment in subsection 204.8(1) were read as "$2,500,000", and (ii) in any other case, the cost to the corporation of the eligible investment at that time.
(ii) in any other case, the cost to the corporation of the eligible investment of the corporation at that time. Recovery of credit
Where a corporation is liable under subsection 204.82(2) to pay a tax in respect of 12 consecutive months (in this subsection referred to as the “particular period”), the corporation shall pay a tax under this Part for a taxation year in respect of each particular period that ends in the year equal to the total of the amounts determined by the formula A is the total of the monthly deficiencies for each month in the particular period; B is the total of all taxes payable by the corporation under subsection 204.82(1) for preceding taxation years and taxes payable by it under this subsection in respect of a period ending before the end of the particular period; and C is the total of all amounts refunded under section 204.83 in respect of the tax paid under this subsection by the corporation for preceding taxation years.
Where a corporation is liable under subsection 204.82(3) to pay a tax for a taxation year, the corporation shall pay, in addition to the tax payable under that subsection, a penalty for the year equal to that tax. (a) an amount (other than interest on an amount to which this subsection applies or an amount payable under or as a consequence of a prescribed provision of a law of a province) is payable to the government of a province by a corporation, (b) the amount is payable as a consequence of a failure to acquire sufficient properties of a character described in the law of the province, (c) the corporation has been prescribed for the purpose of the definition approved share in subsection 127.4(1), and the corporation shall pay a tax under this Part for the taxation year in which the amount became payable equal to that amount. Further matching of amounts payable to a province (a) a particular amount is payable (other than interest on an amount to which this subsection applies) by a registered labour-sponsored venture capital corporation or a revoked corporation to the government of a province as a consequence of a failure of a prescribed corporation to acquire sufficient properties of a character described in a law of the province, and (b) the particular amount became payable before the corporation first discontinued its venture capital business, the corporation shall pay a tax under this Part for the taxation year in which the particular amount became payable equal to that amount.
(ii) à une société résidant au Canada qui, immédiatement avant ce moment, avait un lien de dépendance avec le contribuable relativement à la fiducie. Fiducies déterminées
(a) the 30th day after receiving the application, and (b) the 60th day after the end of the second period.
En cas d’application du présent paragraphe à un moment donné à un contribuable résidant au Canada relativement à une fiducie, les règles ci-après s’appliquent à ce moment aux fins déterminées : a) la fiducie est réputée être une société non-résidente qui réside dans la juridiction déterminée et ne pas être une fiducie; b) chaque catégorie donnée de participations fixes dans la fiducie est réputée être une catégorie distincte de 100 actions émises du capital-actions de la société non-résidente, qui ont les mêmes attributs que les participations de la catégorie donnée; c) chaque bénéficiaire de la fiducie est réputé détenir le nombre d’actions de chaque catégorie distincte visée à l’alinéa b) à la proportion de 100 que représente, à ce moment, le rapport entre la juste valeur marchande, à ce moment, des participations fixes du bénéficiaire de la catégorie donnée correspondante de participations fixes dans la fiducie et la juste valeur marchande, à ce moment, de l’ensemble des participations fixes de la catégorie donnée; d) la société non-résidente est réputée être contrôlée par le contribuable résidant au Canada — dont la société étrangère affiliée est visée à l’alinéa (2)(b) et un ayant droit bénéficiaire dans la fiducie — qui a le pourcentage d’intérêt le plus élevé dans la société non-résidente; e) une société étrangère affiliée donnée du contribuable dans laquelle il a un pourcentage d’intérêt direct, au sens du paragraphe 95(4), à un moment donné, et qui n’est pas une société étrangère affiliée contrôlée du contribuable à ce moment, est réputée être une société étrangère affiliée contrôlée du contribuable à ce moment si, à ce moment : (i) soit la société affiliée donnée a un pourcentage d’intérêt, au sens du paragraphe 95(4), dans la société étrangère affiliée visée à l’alinéa (2)(b), (ii) soit la société affiliée donnée est la société étrangère affiliée visée à l’alinéa (2)(b); f) l’article 94.2 ne s’applique pas au contribuable relativement à la fiducie.
Refunds of amounts payable to provinces (a) the government of a province refunds, at any time, an amount to a corporation, (b) the refund is of an amount that had been paid in satisfaction of a particular amount payable in a taxation year of the corporation, and (c) tax was payable under subsection 204.82(5) or (6) by the corporation for a taxation year because the particular amount became payable, the corporation is deemed to have paid at that time an amount equal to the refund on account of its tax payable under this Part for the year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.]
For the purposes of subsection (3), the specified purposes are Mergers [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2014, c. 39, s. 22; 2023, c. 26, s. 19. Definitions (ii) soit la société affiliée donnée est la société étrangère affiliée visée à l’alinéa (2)b); f) l’article 94.2 ne s’applique pas à la société donnée relativement à la fiducie. Fins déterminées
(a) the issuance of a share when the corporation was a revoked corporation, or (b) a subscription in respect of a share if the share is not issued on or before the day that is 180 days after the day the information return was issued, is liable to a penalty for the year equal to the amount of the consideration for which the share was or was to be issued. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] Penalty tax where venture capital business discontinued
Pour l’application du paragraphe (3), les fins déterminées sont les suivantes : a) la détermination relativement à une participation dans une fiducie déterminée des résultats fiscaux canadiens, au sens du paragraphe 261(1), du contribuable résident au Canada visé au paragraphe (3) pour une année d’imposition relativement aux actions du capital-actions d’une société étrangère affiliée du contribuable; b) les obligations en matière de déclaration du contribuable prévues à l’article 233.4; c) si le contribuable est une société résidant au Canada, l’application de l’article 212.3 relativement à un placement, au sens du paragraphe 212.3(10), par le contribuable. Fusions
(a) if the original acquisition of the share was before March 6, 1996 and less than five years before the particular time, 4% of the consideration received by the particular corporation for the issue of the share, (b) if the original acquisition of the share was after March 5, 1996 and less than eight years before the particular time, 1.875% of the consideration received by the particular corporation for the issue of the share, and (c) in any other case, nil; and (a) if the original acquisition of the share was before March 6, 1996, the number obtained when the number of whole years throughout which the share was outstanding before the particular time is subtracted from five, and (b) in any other case, the number obtained when the number of whole years throughout which the share was outstanding is subtracted from eight. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2000, c. 19, s. 58.
Les règles ci-après s’appliquent au présent article : a) en cas de fusion à laquelle le paragraphe 87(1) s’applique, la nouvelle société visée à ce paragraphe est réputée être la même société que chaque société remplacée visée à ce paragraphe et en être la continuation; b) en cas de liquidation à laquelle le paragraphe 88(1) s’applique, la société mère visée à ce paragraphe est réputée être la même société que la filiale visée à ce paragraphe et en être la continuation. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2014, ch. 39, art. 22; 2023, ch. 26, art. 19. Définitions 94 (1) Les définitions qui suivent s’appliquent au présent article et à l’article 94.2. action déterminée Action du capital-actions d’une société, à l’exception d’une action visée par règlement pour l’application de l’alinéa 110(1)d). (specified share) apport Est un apport fait à une fiducie par une personne ou une société de personnes donnée : a) le transfert ou prêt de biens (sauf un transfert sans lien de dépendance) effectué à la fiducie par la personne ou la société de personnes donnée; b) si un transfert ou prêt donné de bien (sauf un transfert sans lien de dépendance) est effectué par la personne ou la société de personnes donnée dans le cadre d’une série d’opérations qui comprend ce transfert ou prêt de bien (sauf un transfert sans lien de dépendance) à la fiducie par une autre personne ou société de personnes, cet autre transfert ou prêt dans la mesure où il est raisonnable de considérer qu’il a été effectué relativement au transfert ou prêt donné; c) si la personne ou la société de personnes donnée contracte l’obligation d’effectuer un transfert ou prêt donné de bien (sauf un transfert sans lien de dépendance) dans le cadre d’une série d’opérations qui comprend un autre transfert ou prêt de bien (sauf un transfert sans lien de dépendance) à la fiducie par une autre personne ou société de personnes, cet autre transfert ou prêt dans la mesure où il est raisonnable de considérer qu’il a été effectué relativement à l’obligation. (contribution) bénéficiaire Sont compris parmi les bénéficiaires d’une fiducie : a) la personne ou la société de personnes qui a un droit de bénéficiaire dans la fiducie; b) la personne ou la société de personnes qui aurait un droit de bénéficiaire dans la fiducie si, au sens de l’alinéa 248(25)b)(ii) : (i) la mention « tout arrangement la concernant » valait mention de « tout arrangement la concernant — étant entendu qu’un arrangement comprend les caractéristiques d’une action du capital-actions d’une société qui a un droit de bénéficiaire dans la fiducie ou tout arrangement relatif à une telle action — », (ii) la mention « la personne ou société de personnes donnée pourrait » valait mention de « la personne ou société de personnes donnée devait, directement ou indirectement, en droit de recevoir une somme provenant, directement ou indirectement, du revenu ou du capital de la fiducie ou pourrait ainsi recevoir une somme dans le cadre de l’exercice d’un pouvoir discrétionnaire par une personne ou une société de personnes — ou pourrait ». (beneficiary) bénéficiaire remplaçant S’entend, relativement à une fiducie à un moment donné, d’une personne qui est bénéficiaire de la fiducie du seul fait qu’elle a le droit de recevoir tout ou partie du revenu ou du capital de la fiducie si, en vertu de droit, elle ne peut ainsi recevoir ce revenu ou ce capital qu’à décès ou après le décès, survenu après ce moment, d’un particulier qui, à ce moment, est vivant et, selon le cas : a) est un contribuable de la fiducie; b) est une personne liée à un tel contribuable (y compris, dans la présente définition, les oncles, tantes, neveux et nièces d’un tel contribuable); c) aurait été lié à un tel contribuable si chaque particulier qui était vivant au même moment l’était à ce moment. (successor beneficiary) bénéficiaire résident S’entend, relativement à une fiducie à un moment donné, d’une personne (sauf celle qui est, à ce moment, un bénéficiaire remplaçant de la fiducie ou une personne exemptée qui, à ce moment, réside au Canada et est bénéficiaire de la fiducie, laquelle compte ce moment un contribuable rattaché. (resident beneficiary) bien d’exception Est un bien d’exception d’une personne ou d’une société de personnes le bien qui est : a) une action du capital-actions d’une société à peu d’actionnaires, ou un droit d’acquérir une telle action, si cette action ou ce droit, ou un bien auquel cette action ou ce droit a été substitué, a été acquis par la personne ou la société de personnes à l’occasion d’une opération ou d’une série d’opérations dans le cadre de laquelle, selon le cas : (i) une action déterminée du capital-actions d’une société à peu d’actionnaires a été acquise par une personne ou une société de personnes en échange ou en contrepartie d’un bien ou à l’occasion de la conversion d’un bien, et la fraction déterminée pour la personne qui l’a acquise était inférieure à sa juste valeur marchande au moment de l’acquisition, (ii) une action (sauf une action déterminée) du capital-actions d’une société à peu d’actionnaires devient une action déterminée du capital-actions de celle-ci; b) une dette ou une autre obligation d’une société à peu d’actionnaires, ou un droit d’acquérir telle dette ou autre obligation, si, à la fois : (i) la dette, l’obligation ou le droit, ou un bien auquel la dette, l’obligation ou le droit a été substitué, est devenu le bien de la personne ou de la société de derived, directly or indirectly, from the income or capital of the particular trust or might". (bénéficiaire) (ii) that have a fair market value of 10% or more of the fair market value of all of the issued and outstanding shares of the corporation. (société à peu d’actionnaires) personnes à l’occasion d’une opération ou d’une série d’opérations dans le cadre de laquelle, selon le cas : (A) une action déterminée du capital-actions d’une société à peu d’actionnaires a été acquise par une personne ou une société de personnes en échange ou en contrepartie d’un bien ou à l’occasion de la conversion d’un bien, et le coût de l’action déterminée pour la personne ou la société était inférieur à sa juste valeur marchande au moment de l’acquisition, (B) une action (sauf une action déterminée) d’une société à peu d’actionnaires était une action déterminée du capital-actions de celle-ci, (ii) le montant du paiement découlant de la dette, de l’obligation ou du droit — indépendamment du fait que le droit au montant soit immédiat ou futur, absolu ou conditionnel ou soumis ou non à l’exercice d’un pouvoir discrétionnaire par une personne ou une société de personnes — est déterminé principalement, directement ou indirectement, d’après l’un ou plusieurs des critères suivants : (A) l’utilisation d’un bien de la société à peu d’actionnaires, la production provenant d’un bien ou la juste valeur marchande d’un tel bien, (B) les gains ou bénéfices provenant de la disposition d’un bien de la société à peu d’actionnaires, (C) le revenu, les bénéfices, les produits ou les flux de trésorerie de la société à peu d’actionnaires, (D) tout autre critère semblable aux critères mentionnés aux divisions (A) à (C); c) un bien, à la fois : (i) que la personne ou la société de personnes a acquis à l’occasion d’une série d’opérations visée aux alinéas a) ou b) relativement à un autre bien, (ii) dont la juste valeur marchande provient, en tout ou en partie, directement ou indirectement, de cet autre bien. (restricted property) contribuant s’entend, relativement à une fiducie à un moment donné, d’une personne (autre qu’une personne exemptée, mais incluant une personne qui a cessé d’exister) qui a fait un apport à la fiducie au plus tard à ce moment. (contributor) Income Tax PART I Income Tax DIVISION B Computation of Income
(a) an amount (other than interest on an amount to which this subsection applies or an amount payable under or as a consequence of a prescribed provision of a law of a province) is payable to the government of a province by a corporation, (b) the amount is payable as a consequence of the amalgamation or merger of the corporation with another corporation, the winding-up or dissolution of the corporation or the corporation ceasing to be registered under a law of the province, (c) the corporation has been prescribed for the purpose of the definition approved share in subsection 127.4(1), and the corporation shall pay a tax under this Part for the taxation year in which the amount became payable equal to that amount. Amalgamations and mergers
For the purposes of section 127.4, this Part and Part XII.5, where two or more corporations (each of which is referred to in this subsection as a “predecessor corporation”) amalgamate or merge to form one corporate entity (in this subsection referred to as the “new corporation”) and at least one of the predecessor corporations was, immediately before the amalgamation or merger, a registered labour-sponsored venture capital corporation or a revoked corporation, (b) where a predecessor corporation was authorized to issue a class of shares to which clause 204.81(1)(c)(ii)(C) applies, the new corporation is deemed to have received approval from the Minister of Finance to issue substantially similar shares at the time of the amalgamation or merger; (c) where a share of a predecessor corporation (in this paragraph referred to as the “predecessor share”) is replaced on the amalgamation or merger by a new share of the new corporation, (A) is deemed not to have been issued on the amalgamation or merger, and (B) is deemed to have been issued by the new corporation at the time the predecessor corporation issued the predecessor share, and (ii) if the new share was issued to a person who acquired the predecessor share as a consequence of a transfer the registration of which by the predecessor corporation was permitted under paragraph 204.81(1)(c), the issuance of the new share is deemed to be in compliance with the conditions described in paragraph 204.81(1)(c); (d) the Minister is deemed to have registered the new corporation for the purposes of this Part unless (i) the new corporation is not governed by the Canada Business Corporations Act, (ii) one or more of the predecessor corporations was a registered labour-sponsored venture capital corporation the venture capital business of which was discontinued before the amalgamation or merger, (iii) one or more of the predecessor corporations was, immediately before the amalgamation or merger, a revoked corporation, (iv) immediately after the amalgamation or merger, the articles of the new corporation do not comply with paragraph 204.81(1)(c), (v) shares other than Class A shares of the capital stock of the new corporation were issued to any shareholder of the new corporation in satisfaction of any share (other than a share to which clause 204.81(1)(c)(ii)(B) or (C) applied) of a predecessor corporation, (vi) immediately before the amalgamation or merger, one or more of the predecessor corporations is a corporation that has given notification under subsection 204.81(8.3) and one or more of the predecessor corporations is a registered labour-sponsored venture capital corporation that has not given notification under that subsection; (f) subsection 204.82(1) does not apply to the new corporation; and (g) subsection 204.82(2) shall, in its application to the new corporation, be read without reference to the words “that begins after the end of the corporation’s start-up period (or, where the corporation has no start-up period, that begins after the time the corporation first issues a Class A share)”. Return and payment of tax for federally-registered LSVCCs (a) on or before its filing-due date for a taxation year, file with the Minister a return for the year under this Part in prescribed form and containing prescribed information, without notice or demand therefor; (b) estimate in the return the amount of tax and penalties, if any, payable under this Part by it for the year; and (c) on or before its balance-due day for the year, pay to the Receiver General the amount of tax and penalties, if any, payable under this Part by it for the year. Return and payment of tax for other LSVCCs
Impôt sur le revenu
Where tax is payable under this Part for a taxation year by a corporation because of subsection 204.82(5) or 204.85(2), the corporation shall (a) on or before its filing-due date for the year, file with the Minister a return for the year under this Part in prescribed form and containing prescribed information, without notice or demand therefor; (b) estimate in the return the amount of tax payable under this Part by it for the year; and (c) on or before its balance-due day for the year, pay to the Receiver General the amount of tax payable under this Part by it for the year.
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1994, c. 7, Sch. II, s. 164. Tax in Respect of Overpayments to Registered Education Savings Plans
excess amount for a year at any time in respect of an individual means
(a) for years before 2007, the amount, if any, by which the total of all contributions made after February 20, 1990 in the year and before that time into all registered education savings plans by or on behalf of all subscribers in respect of the individual exceeds the lesser of (i) the RESP annual limit for the year, and (ii) the amount, if any, by which the RESP lifetime limit for the year exceeds the total of all contributions made into registered education savings plans by or on behalf of all subscribers in respect of the individual in all preceding years; and (b) for years after 2006, the amount, if any, by which the total of all contributions made in the year and before that time into all registered education savings plans by or on behalf of all subscribers in respect of the individual exceeds the amount, if any, by which (i) the RESP lifetime limit for the year (ii) the total of all contributions made into registered education savings plans by or on behalf of all subscribers in respect of the individual in all preceding years. (excedent) RESP lifetime limit for a year means subscriber’s gross cumulative excess at any time in respect of an individual means the total of all amounts each of which is the subscriber’s share of the excess amount for a relevant year at that time in respect of the individual and, for the purpose of this definition, a relevant year at any time is a year that began before that time. (excédent cumulatif brut du souscripteur) subscriber’s share of the excess amount for a year at any time in respect of an individual means the amount determined by the formula A represents the total of all contributions made after February 20, 1990, in the year and before that time into all registered education savings plans by the subscriber, on behalf of the individual; B the total of all contributions made after February 20, 1990, in the year and before that time into all
contribuant conjoint S’entend, à un moment donné relativement à un apport fait à une fiducie, de chacun des contribuants ayant fait l’apport qui est un contribuant résident de la fiducie à ce moment. (joint contributor) contribuant déterminé S’entend, relativement à une fiducie à un moment donné, d’un contribuant résident de la fiducie qui a fait un choix afin que le paragraphe (16) s’applique à lui ainsi qu’à la fiducie pour une année d’imposition du contribuant qui comprend ce moment ou se termine avant ce moment et pour les années d’imposition subséquentes, si, à la fois : a) le document contenant le choix est présenté au ministre au plus tard à la date d’échéance de production qui est applicable au contribuant pour sa première année d’imposition pour laquelle le choix est en vigueur (appelée « année initiale » dans la présente définition); b) ce document comporte à la fois le numéro de compte que le ministre attribue à la fiducie ainsi que la preuve que le contribuant a avisé la fiducie, au plus tard trente jours après la fin de l’année d’imposition de la fiducie se terminant dans l’année initiale, que le choix serait fait. (electing contributor) contribuant rattaché S’entend, relativement à une fiducie à un moment donné, d’un contribuant de la fiducie à ce moment, à l’exception d’une personne dont l’ensemble des apports à la fiducie faits à ce moment ou antérieurement ont été faits à un moment de non-résidence de la personne. (connected contributor) contribuant résident S’entend, relativement à une fiducie à un moment donné, de la personne qui, à ce moment, est à la fois un résident du Canada et un contribuant de la fiducie, à l’exclusion, si la fiducie a été établie avant 1960 par une personne qui était un non-résident au moment de l’établissement, de la personne, en particulier (sauf une fiducie) qui n’a pas fait d’apport à la fiducie après 1959. (resident contributor) fiducie Il est entendu que les successions sont comprises parmi les fiducies. (trust) fiducie déterminée Une fiducie déterminée relativement à une année d’imposition donnée de la fiducie qui remplit les conditions suivantes : a) elle détient, à un moment de l’année donnée ou d’une année d’imposition antérieure tout au long de laquelle elle était réputée, en vertu du paragraphe (3), résider au Canada pour le calcul de son revenu, un bien qui fait partie de sa partie non-résidente à ce moment; (a) a non-resident trust if b) elle fait un choix afin que l’alinéa (3)f) s’applique à elle pour les années d’imposition suivantes : (i) sa première année d’imposition, à la fois : (A) tout au long de laquelle elle est réputée, en vertu du paragraphe (3), résider au Canada pour le calcul de son revenu, (B) au cours de laquelle elle détient un bien qui fait partie de sa partie non-résidente à un moment de l’année, (ii) l’ensemble de ses années d’imposition se terminant après l’année d’imposition visée au sous-alinéa (i); (c) elle présente le document concernant le choix prévu à l’alinéa b) au ministre avec sa déclaration de revenu pour l’année d’imposition visée au sous-alinéa b)(i). (electing trust) fiducie étrangère exempte Est une fiducie étrangère exempte à un moment donné : a) la fiducie non-résidente à l’égard de laquelle les conditions ci-après sont réunies : (i) chacun de ses bénéficiaires au moment donné est : (A) soit un particulier qui, au moment de l’établissement de la fiducie, était, en raison d’une déficience mentale ou physique, à la charge d’un particulier qui est un contribuable de la fiducie ou d’un particulier lié à celui-ci (ce bénéficiaire étant appelé « bénéficiaire ayant une déficience » au présent alinéa), (B) soit une personne qui le droit, mais seulement après le moment donné, de recevoir tout ou partie du revenu ou du capital de la fiducie ou d’en obtenir autrement l’usage, (ii) au moins un des bénéficiaires ayant une déficience a, au moment donné, une déficience mentale ou physique qui fait de lui une personne à charge, (iii) chaque bénéficiaire ayant une déficience est un non-résident à un moment donné et est bénéficiaire de la fiducie au cours de l’année d’imposition de celle-ci qui comprend le moment donné, (iv) il est raisonnable de considérer que chaque apport fait à la fiducie au moment donné ou antérieurement à ce fait, au moment où il a été fait, pour subvenir aux besoins d’un bénéficiaire ayant une (b) a non-resident trust if (A) a child beneficiary under 21 years of age, (C) the adult beneficiary, or Income Tax PART I Income Tax DIVISION B Computation of Income
A is the total of all contributions made after February 20, 1990, in the year and before that time into all registered education savings plans by or on behalf of the subscriber in respect of the individual; B is the total of all contributions made after February 20, 1990, in the year and before that time into all registered education savings plans by or on behalf of all subscribers in respect of the individual; and Agreements before February 21, 1990
(d) a non-resident trust Impôt sur le revenu
Where a subscriber is required, pursuant to an agreement in writing entered into before February 21, 1990, to make payments of specified amounts on a periodic basis into a registered education savings plan in respect of a beneficiary, and the subscriber makes at least one payment under the agreement before that day, (a) the excess amount for a year in respect of the beneficiary shall be deemed not to exceed the excess amount for the year that would be determined under subsection 204.9(1) if the total of all such payments made in the year and, where the agreement so provides, amounts paid in the year in satisfaction of the requirement to make such payments under all such agreements by all such subscribers in respect of the beneficiary were equal to the lesser of the amounts described in paragraphs (a) and (b) of the definition excess amount in subsection 204.9(1); and (b) in determining a subscriber’s share of an excess amount for a year, any payment included in the total described in paragraph 204.9(2)(a) in respect of the year shall be excluded in determining the values for A and B in the definition subscriber’s share of the excess amount in subsection 204.9(1).
For the purposes of subsection 204.9(1) and section 146.1, where an individual entered into an education savings plan before February 21, 1990, pursuant to a preliminary prospectus issued by a promoter, and the promoter refunds all payments made into the plan and all income accrued thereon to the individual, each payment made by the individual into a registered education savings plan before December 31, 1990 shall be deemed to be a payment made before February 21, 1990, to the extent that the total of all such payments does not exceed the amount so refunded to the individual.
For the purposes of this Part, if at any particular time an individual (in this subsection referred to as the “new beneficiary”) becomes a beneficiary under a registered education savings plan in place of another individual (in this subsection referred to as the “former beneficiary”) who ceased at or before the particular time to be a beneficiary under the plan, (a) except as provided by paragraph 204.9(4)(b), each contribution made at an earlier time by or on behalf of a subscriber into the plan in respect of the former beneficiary is deemed also to have been made at that earlier time in respect of the new beneficiary; (b) except for the purpose of applying this subsection to a replacement of a beneficiary after the particular time, applying subsection (5) to a distribution after the particular time and applying subsection 204.9(3) to events after the particular time, the paragraph (a) does not apply at the particular time of the former beneficiary if (i) the new beneficiary had not attained 21 years of age before the particular time and a parent of the new beneficiary was a parent of the former beneficiary, or (ii) both beneficiaries were connected by blood relationship or adoption to an original subscriber under the plan and neither had attained 21 years of age before the particular time; and (c) except where paragraph 204.9(4)(b) applies, each contribution made by or on behalf of a subscriber under the plan in respect of the former beneficiary under the plan is, without affecting the determination of the amount withdrawn from the plan in respect of the new beneficiary, deemed to have been withdrawn at the particular time from the plan to the extent that it was not withdrawn before the particular time. Transfers between plans
For the purposes of this Part, if property held by a trust governed by a registered education savings plan (in this subsection referred to as the “transferor plan”) is distributed at a particular time to a trust governed by another registered education savings plan (in this subsection referred to as the “transferee plan”), (a) except as provided by paragraphs 204.9(5)(b) and 204.9(5)(c), the amount of the distribution is deemed not to have been contributed into the transferor plan; (b) subject to paragraph 204.9(5)(c), each contribution made at any earlier time by or on behalf of a subscriber into the transferor plan in respect of a beneficiary under the transferor plan is deemed also to have been made at that earlier time by the subscriber in respect of each beneficiary under the transferee plan; (c) except for the purpose of applying this subsection to a distribution after the particular time, applying subsection 204.9(4) to a replacement of a beneficiary after the particular time and applying subsection 204.9(3) to events after the particular time, paragraph 204.9(5)(b) does not apply as a consequence of the distribution where (i) any beneficiary under the transferee plan was, immediately before the particular time, a beneficiary under the transferor plan, or (ii) a parent of a beneficiary under the transferee plan was a parent of an individual who was, immediately before the particular time, a beneficiary under the transferor plan and (A) the transferee plan is a plan that allows more than one beneficiary under the plan at any one time, or (B) in any other case, the beneficiary under the transferee plan had not attained 21 years of age at the time the transferee plan was entered into; (d) where subparagraph 204.9(5)(c)(i) or 204.9(5)(c)(ii) applies in respect of the distribution, the amount of the distribution is deemed not to have been withdrawn from the transferor plan; and (e) each subscriber under the transferor plan is deemed to be a subscriber under the transferee plan. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] Tax payable by subscribers
ans, soit âgé de moins de 31 ans et inscrit à un établissement d’enseignement à l’étranger qui est : (I) un établissement d’enseignement — université, collège ou autre — offrant des cours de niveau postsecondaire, (II) un établissement d’enseignement offrant des cours visant à donner ou à accroître la compétence nécessaire à l’exercice d’une activité professionnelle; c) la fiducie non-résidente qui, selon le cas : (i) au moment donné, est une institution reliée à l’Organisation des Nations Unies, (ii) au moment, est propriétaire et administratrice d’une université visée au sous-alinéa a)(iv) de la définition de donataire reconnu au paragraphe 149.1(1), (iii) au cours de l’année d’imposition de la fiducie qui comprend ce moment ou de l’année civile précédente, la Reine du chef du Canada a fait un don à la fiducie, (iv) est établie en vertu de la Convention internationale portant création d’un fonds international d’indemnisation pour les dommages dus à la pollution par les hydrocarbures de 1992 ou de tout protocole de cette convention qui a été ratifié par le gouvernement du Canada; d) la fiducie non-résidente à l’égard de laquelle les conditions ci-après sont réunies : (i) elle serait un non-résident tout au long de la période donnée commençant au moment de son établissement et se terminant au moment où la présente loi s’appliquerait compte non tenu du paragraphe (1), dans sa version applicable aux années d’imposition comprenant le 31 décembre 2000, (ii) elle a été établie exclusivement à des fins de bienfaisance et a été administrée exclusivement à ces fins tout au long de la période donnée, (iii) si le moment donné est de plus de 24 mois la date de son établissement, il existe, à ce moment, un groupe d’au moins vingt personnes (sans les fiduciaires) dont chacune répond aux conditions ci-après à ce moment : (A) elle est un contribuable de la fiducie, Income Tax PART I Income Tax DIVISION B Computation of Income
(a) the total of all amounts each of which is the subscriber’s gross cumulative excess at the end of the month in respect of an individual (b) the total of all amounts each of which is the portion of such an excess that has been withdrawn from a registered education savings plan before the end of the month. Waiver of tax
(f) a non-resident trust if (B) elle existe, (C) il n’existe aucun lien de dépendance entre elle et au moins dix-neuf autres contributeurs de la fiducie, (iv) son revenu, déterminé conformément aux lois visées au sous-alinéa (v), pour chacune de ses années d’imposition se terminant au plus tard au moment donné, serait assujetti à l’impôt sur le revenu ou sur les bénéfices dans le pays où elle résidait au cours de chacune de ces années s’il n’était pas distribué et si les lois en cause ne s’appliquaient pas, (v) pour chacune de ses années d’imposition se terminant au plus tard au moment donné, les lois du pays où elle résidait avaient pour effet de l’exempter du paiement de tout impôt sur le revenu ou sur les bénéfices au gouvernement de ce pays en reconnaissance des fins de bienfaisance auxquelles elle est administrée; e) la fiducie non-résidente qui, tout au long de son année d’imposition qui comprend le moment donné, est régie par un régime de participation des employés aux bénéfices, une convention de retraite ou un mécanisme de retraite étranger; f) la fiducie non-résidente à l’égard de laquelle les conditions ci-après sont réunies : (i) tout au long de la période donnée ayant commencé au moment de son établissement et se terminant au moment donné, elle a été administrée exclusivement pour assurer ou verser des prestations relativement à des employés actuels ou anciens employés, (ii) tout au long de son année d’imposition qui comprend le moment donné, à la fois : (A) elle est une fiducie régie par un régime de prestations aux employés ou une fiducie visée à l’alinéa a.1) de la définition de fiducie au paragraphe 108(1), (B) elle est administrée au profit de personnes physiques dont la majorité sont des non-résidents, (C) les seules prestations prévues par la fiducie sont celles relatives à des services admissibles; g) la fiducie non-résidente (sauf une fiducie visée par règlement ou une fiducie visée à l’alinéa a.1) de la définition de fiducie au paragraphe 108(1)) qui, tout au long de la période donnée ayant commencé au moment de son établissement et se terminant au moment donné, répond aux conditions suivantes : (i) elle a résidé dans un pays étranger dont les lois prévoient ce qui suit tout au long de la période donnée : (A) un impôt sur le revenu ou sur les bénéfices, (B) une disposition ayant pour effet de l’exempter du paiement de cet impôt au gouvernement de ce pays en reconnaissance des fins auxquelles elle est administrée, (ii) elle a été administrée exclusivement pour assurer ou verser des prestations de retraite ou de pension se rapportant principalement à des services rendus dans le pays en cause par des personnes physiques qui étaient des non-résidents au moment où les services ont été rendus; h) la fiducie non-résidente (sauf une fiducie qui fait le choix, dans un document présenté au ministre au plus tard à la date d’échéance de production qui lui est applicable pour l’année d’imposition qui comprend le moment donné, de ne pas être une fiducie étrangère exonérée selon le présent alinéa pour l’année d’imposition au cours de laquelle elle fait ce choix et pour chaque année d’imposition subséquente) à l’égard de laquelle les conditions ci-après sont réunies au moment donné : (i) les seuls bénéficiaires qui, pour une raison quelconque, sont en mesure de recevoir au moment donné ou par la suite, directement de la fiducie, tout ou partie du revenu ou du capital de celle-ci sont des bénéficiaires qui détiennent des participations fixes dans la fiducie, (ii) l’un ou plusieurs des faits ci-après s’avèrent : (A) il existe au moins 150 bénéficiaires de la fiducie, visés au sous-alinéa (i), ayant chacun des participations fixes dans celle-ci d’une juste valeur marchande, au moment donné, d’au moins 500 $, (B) l’ensemble des participations fixes dans la fiducie est inscrit à la cote d’une bourse de valeurs désignée, et des participations fixes dans la fiducie se sont négociées sur une telle bourse pendant au moins dix des trente jours précédant le moment donné, (C) chaque participation fixe dans la fiducie en circulation : (ii) a trust that is at the particular time a prescribed trust. (fiducie étrangère exempte) (a) Her Majesty in right of Canada or a province; (I) soit a été émise par la fiducie en échange d’une contrepartie au moins égale à 90 % de sa part proportionnelle sur la valeur nette des biens de la fiducie au moment de son émission, (II) soit a été acquise en échange d’une contrepartie égale à sa juste valeur marchande au moment de son acquisition, (D) la fiducie est régie : (I) soit par un régime d’épargne-retraite individuel (Roth IRA) au sens de l’article 408A de la loi des États-Unis intitulée Internal Revenue Code, (II) soit par un régime ou mécanisme créé après le 21 septembre 2007 qui est assujetti à cette loi et qui, selon l’appréciation du ministre, correspond essentiellement à un tel régime d’épargne-retraite individuel; i) la fiducie qui, au moment donné, est visée par règlement. (fiducie étrangère exempte) fonds commun de placement S’entend, à un moment donné, d’une fiducie de fonds commun de placement ou d’une société de placement à capital variable (appelées « fonds » dans la présente définition), à l’exclusion d’un fonds à l’égard duquel des déclarations ou annonces ont été faites au plus tard au moment donné — par le fonds ou par un promoteur ou autre représentant du fonds relativement à l’acquisition ou à l’offre d’acquisition de parts dans le fonds — selon lesquelles les impôts prévus par la présente partie sur le revenu, les bénéfices ou les gains pour une année donnée — relativement à des biens détenus par le fonds qui sont des participations dans une fiducie ou dont la valeur provient de telles participations — sont moins élevés, ou devraient sensiblement moins élevés, que l’impôt qui aurait été applicable en vertu de la présente partie si le revenu, les bénéfices ou les gains provenant des biens avaient été gagnés directement par une personne faisant l’acquisition de participations dans le fonds. (mutual fund) moment de non-résidence Est un moment de non-résidence d’une personne relativement à un moment donné et à un apport fait à une fiducie le moment (appelé « moment de l’apport » dans la présente définition), antérieur au moment donné, où la personne a fait un apport à une fiducie et où elle était un non-résident (ou, si la personne n’existe pas au moment de l’apport, était un non-résident tout au long de la période de 18 mois avant de cesser d’exister), à condition qu’elle ait été un non-résident, ou n’ait pas existé, tout au long de la période ayant commencé soit 60 mois avant le moment de l’apport, soit, si la personne est un particulier et que la fiducie a commencé à exister au décès du particulier et par suite de ce décès, 18 mois avant ce moment, et se terminant au premier en date des moments suivants : a) le moment qui suit de 60 mois le moment de l’apport; b) le moment donné. (non-resident time) moment déterminé En ce qui concerne une fiducie pour son année d’imposition, celui des moments ci-après qui est applicable : a) si la fiducie existe à la fin de l’année d’imposition, la fin de cette année; b) dans les autres cas, le moment de l’année d’imposition qui précède immédiatement le moment où la fiducie cesse d’exister. (specified time) opération Comprend les arrangements et les événements. (transaction) participation fixe Est une participation fixe d’une personne ou d’une société de personnes dans une fiducie à un moment donné la participation de la personne ou de la société de personnes à titre de bénéficiaire de la fiducie (cette qualité étant déterminée, dans la présente définition, compte non tenu du paragraphe 248(25)), à condition qu’aucun montant de revenu ou de capital de la fiducie à distribuer à un moment quelconque au titre d’une participation dans la fiducie ne dépende de l’exercice ou du non-exercice par une personne ou une société de personnes d’un pouvoir discrétionnaire, sauf s’il s’agit d’un pouvoir à l’égard duquel il est raisonnable de conclure ce qui suit : a) il est conforme aux pratiques commerciales normales; b) il est conforme à des conditions qui seraient acceptables pour les bénéficiaires de la fiducie si ceux-ci n’avaient entre eux aucun lien de dépendance; c) l’exercice ou le non-exercice du pouvoir n’aura pas d’incidence appréciable sur la valeur d’une participation à titre de bénéficiaire de la fiducie par rapport à celle d’autres participations dans la fiducie. (fixed interest)
If a subscriber under a registered education savings plan would, but for this subsection, be required to pay a tax in respect of a month under subsection 204.91(1) in respect of an individual, the Minister may waive or cancel all or part of the tax where it is just and equitable to do so having regard to all the circumstances, including (a) whether the tax arose as a consequence of reasonable error; (b) whether, as a consequence of one or more transactions or events to which subsection 204.9(4) or 204.9(5) applies, the tax is excessive; and (c) the extent to which further contributions could be made to registered education savings plans in respect of the individual before the end of the month without causing additional tax to be payable under this Part if this Part were read without reference to this section. Marriage or common-law partnership breakdown
Income Tax PART I Income Tax DIVISION B Computation of Income
If at any time an individual (in this subsection referred to as the “former subscriber”) ceases to be a subscriber under a registered education savings plan as a consequence of the settlement of rights arising out of, or on the breakdown of, the marriage or common-law partnership of the former subscriber and another individual (in this subsection referred to as the “current subscriber”) who is a subscriber under the plan immediately after that time, for the purpose of determining tax payable under this Part in respect of a month that ends after that time, each contribution made before that time into the plan by or on behalf of the former subscriber is deemed to have been made into the plan by the current subscriber and not by or on behalf of the former subscriber. Deceased subscribers
Impôt sur le revenu
For the purpose of applying this section where a subscriber has died, the subscriber’s estate is deemed to be the same person as, and a continuation of, the subscriber for each month that ends after the death. Return and payment of tax
(a) file with the Minister a return for the year under this Part in prescribed form and containing prescribed information, without notice or demand therefor; (b) estimate the return the amount of tax, if any, payable under this Part by the person in respect of each month in the year; and (c) pay to the Receiver General the amount of tax, if any, payable by the person under this Part in respect of each month in the year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1994, c. 7, Sch. II, s. 165.
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1994, c. 7, Sch. II, s. 165.
Every person (other than a public primary caregiver that is exempt from tax under Part I) shall pay a tax under this Part for each taxation year equal to the amount determined by the formula A is the total of all amounts each of which is an accumulated income payment made at any time that is (i) under a registered education savings plan under which the person is a subscriber at that time, or (ii) under a registered education savings plan under which there is no subscriber at that time, where the person has been a spouse or common-law partner of an individual who was a subscriber under the plan, and (b) included in computing the person’s income under Part I for the year; B is the total of all amounts each of which is an accumulated income payment that is (a) not included in the value of A in respect of the person for the year, and (b) included in computing the person’s income under Part I for the year; C is the lesser of (a) the lesser of the value of A in respect of the person for the year and the total of all amounts each of which is an amount deducted under subsection 146(5) or 146.5(1) in computing the person’s income under Part I for the year, and (b) the amount, if any, by which $50,000 exceeds the total of all amounts each of which is an amount determined under paragraph (a) in respect of the person for a preceding taxation year; and (a) where a tax, similar to the tax provided under this Part, is payable by the person for the year under a law of the province of Quebec, 12%, and (b) in any other case, 20%. Return and payment of tax
a) les biens qui ont fait l’objet d’un apport à la fiducie, au moment donné ou antérieurement, par un contribuable qui est, à ce moment, un contribuable résident de la fiducie ou, si ce contribuable ou un bénéficiaire résident à ce moment, un contribuable rattaché de celle-ci et, pour l’application du présent alinéa : (i) tout bien qu’un contribuable détient en commun ou en partenariat immédiatement avant son apport à la fiducie ne fait l’objet d’un apport par le contribuable que dans une proportion égale à son intérêt dans ce bien, (ii) s’il s’agit d’un transfert visé à l’une des alinéas (2)a), c), d) ou e), le bien à l’égard duquel il a été fait est réputé être : (A) s’il s’agit d’un transfert visé à l’alinéa (2)a) : (I) en cas d’application de la division (2)a)(ii)(A), un bien dont la juste valeur marchande est au moins égale à la valeur absolue d’une diminution d’une obligation réduite éventuelle de la fiducie, laquelle diminution résulte de l’octroi d’un transfert ou d’un prêt visé au sous-alinéa (2)a)(ii), (II) en cas d’application de la division (2)a)(ii)(B), un bien qui ne ferait pas par ailleurs partie de la partie résidente de la fiducie, qui est choisi par la fiducie ou, à défaut, dont la juste valeur marchande est au moins égale à la valeur absolue d’une diminution d’une obligation réduite éventuelle de la fiducie, laquelle diminution résulte de l’octroi d’un transfert ou d’un prêt visé au sous-alinéa (2)a)(ii), (B) s’il s’agit d’un transfert visé à l’alinéa (2)c), un bien visé au sous-alinéa (2)c)(ii), (C) s’il s’agit d’un transfert visé à l’alinéa (2)d), un bien acquis par suite d’un engagement — notamment une convention — conclu par une personne ou une société de personnes avec la fiducie et visant à assurer le remboursement total ou partiel d’un prêt ou d’une autre dette contracté par la fiducie aux termes de l’alinéa (2)d), (D) s’il s’agit d’un transfert visé à l’alinéa (2)e), un bien choisi par la fiducie ou, à défaut, par le ministre dont la juste valeur marchande est au moins égale à celle d’un bien qui est réputé être transféré à la fiducie aux termes de l’alinéa (2)e); (b) the particular time. (moment de non-résidence) (i) rendered primarily in Canada, b) les biens qui sont acquis, au plus tard au moment donné, au moyen d’une dette contractée par la fiducie (appelés « biens déterminés » au présent alinéa) si, non le cas : (i) tout ou partie de la dette est garanti par des biens (sauf les biens déterminés) qui font partie de la partie résidente de la fiducie, (ii) au moment où la dette est contractée, il est raisonnable de conclure qu’elle sera remboursée à l’aide de biens (sauf les biens déterminés) qui font partie de la partie résidente de la fiducie à un moment quelconque, (iii) une personne résidant au Canada ou une société de personnes dont une telle personne est un associé à l’obligation, absolue ou conditionnelle, de prendre des mesures — notamment une garantie, un accord ou une convention ayant fini d’assurer le remboursement total ou partiel de la dette, ou à la dette; c) les biens qui remplacent, à tout moment donné, de quelque manière que ce soit, des biens visés à l’alinéa a) ou b), y compris des biens provenant du revenu (calculé compte tenu de l’alinéa (16f)) ni des paragraphes 104(6) et (12)) de la fiducie pour une année d’imposition de celle-ci se terminant au plus tard au moment donné et des biens relativement auxquels une somme serait visée, à ce moment relativement à la fiducie, à la définition de compte de dividendes en capital au paragraphe 89(1) si la fiducie était une société à ce moment; d) les biens qui sont substitués au moment donné à des biens visés aux alinéas a) à c). (resident portion) personne exemptée Est une personne exemptée à un moment donné : a) Sa Majesté du chef du Canada ou d’une province; b) toute personne dont le revenu imposable pour l’année d’imposition qui comprend ce moment est exonéré de l’impôt prévu par la présente partie par l’effet du paragraphe 149(1); c) toute fiducie résidant au Canada ou toute société canadienne, à la fois : (i) qui a été établie en vertu d’une loi fédérale ou provinciale ou qui existe par l’effet d’une telle loi, (ii) dont les activités principales à ce moment consistent à administrer, à gérer ou à investir les (b) there is a connected contributor to the trust. (bénéficiaire résident) fonds d’un ou de plusieurs fonds ou régimes de pension établis sous le régime d’une loi fédérale ou provinciale; d) toute fiducie ou société qui a été établie par une loi fédérale ou provinciale, ou qui existe par l’effet d’une telle loi, relativement à un mécanisme ou programme d’indemnisation de travailleurs blessés lors d’un accident survenu dans le cadre de leur emploi; e) toute fiducie résidant au Canada dont l’ensemble des bénéficiaires sont, à ce moment, des personnes exemptées; f) toute société canadienne dont l’ensemble des actions, ou des droits afférents, sont détenus à ce moment par des personnes exemptées; g) toute société canadienne sans capital-actions dont l’ensemble des biens sont détenus à ce moment par des personnes exemptées; h) toute société dont l’ensemble des associés sont, à ce moment, des personnes exemptées; i) toute fiducie ou société qui est un fonds commun de placement. (exempt person) promoteur S’entend, relativement à une fiducie ou à une société à un moment donné : a) d’une personne ou d’une société de personnes qui procède, à ce moment ou antérieurement, à l’établissement, à l’organisation ou à une réorganisation importante des activités de la fiducie ou de la société, selon le cas; b) pour l’application de la définition de fonds commun de placement au présent paragraphe, d’une personne ou d’une société de personnes visée à l’alinéa a) et d’une personne ou d’une société de personnes qui, dans le cadre des activités d’une entreprise, selon le cas : (i) vend ou émet une participation dans une société de placement à capital variable ou une fiducie de fonds commun de placement ou fait la promotion de la vente, de l’émission ou de l’acquisition d’une telle participation, (ii) agit à titre de mandataire ou de conseiller relativement à la vente ou à l’émission, ou à la promotion de la vente, de l’émission ou de l’acquisition, d’une participation dans une société de placement à capital variable ou une fiducie de fonds commun de placement. (iii) accepte, en qualité de mandant ou de mandataire, la contrepartie relative à une participation dans une société de placement à capital variable ou une fiducie de fonds commun de placement. (promoter) service exempté Service rendu à un moment donné par une personne ou une société de personnes (appelée « fournisseur » dans la présente définition) à ou pour une autre personne ou société de personnes (appelée « destinataire » dans la présente définition), ou pour son compte, si, selon le cas : a) le destinataire est une fiducie et le service a trait à son administration; b) les conditions ci-après sont réunies relativement au service : (i) le service est rendu par le fournisseur en sa qualité, à ce moment, d’employé ou de mandataire du destinataire, (ii) en échange du service, le destinataire transfère un bien ou prête un bien, ou contracte une dette en échange, (iii) il est raisonnable de conclure : (A) d’une part, eu égard seulement au service et à l’échange, que le fournisseur serait disposé à exécuter le service en l’absence de lien de dépendance avec le destinataire, (B) d’autre part, que les modalités du service, et les circonstances dans lesquelles il est fourni, seraient acceptables pour le fournisseur en l’absence de lien de dépendance avec le destinataire. (exempt service) a) Les services rendus à un employeur par son employé qui était un non-résident tout au long de la période où il a rendu les services; b) les services rendus à un employeur par son employé, à l’exception : (i) des services rendus principalement au Canada, (ii) des services rendus principalement dans le cadre d’une entreprise exploitée par l’employeur au Canada, (iii) d’une combinaison des services visés aux sous-alinéas (i) et (ii); Income Tax PART I Income Tax DIVISION B Computation of Income
Every person who is liable to pay tax under this Part for a taxation year shall, on or before the person’s filing-due date for the year, (a) file with the Minister a return for the year under this Part in prescribed form and containing prescribed information, without notice or demand therefor; (b) estimate in the return the amount of tax payable under this Part by the person for the year; and (c) pay to the Receiver General the amount of tax payable under this Part by the person for the year. Administrative rules
Subsections 150(2) and 150(3), sections 152, 155 to 156.1 and 158 to 167 and Division J of Part I apply with any modifications that the circumstances require. Tax in Respect of Advanced Life Deferred Annuity
(d) property to the extent that it is at the particular time substituted for a property described by any of paragraphs (a) to (c). (partie résidente) (ii) a share (other than a specified share) of the capital stock of a closely held corporation becomes a specified share of the capital stock of the corporation; c) les services rendus à un employeur au cours d’un mois civil donné par son employé qui, à la fois : (i) a résidé au Canada pendant au moins 60 mois de la période de 72 mois se terminant à la fin du mois donné, (ii) est devenu participant ou bénéficiaire du régime ou de la fiducie dans le cadre duquel des prestations au titre des services peuvent être servies (ou d’un régime ou d’une fiducie semblable auquel le régime ou la fiducie en cause a été substitué) avant la fin du mois civil suivant celui au cours duquel il a commencé à résider au Canada; d) toute combinaison de services qui sont des services admissibles comme tenus non du présent alinéa. (qualifying services) société à peu d’actionnaires Toute société à un moment donné, à l’exception de celle à l’égard de laquelle les conditions ci-après sont réunies : a) au moins une catégorie d’actions de son capital-actions comportant des droits de vote est inscrite à une bourse de valeurs désignée aux termes du règlement pour l’application de l’alinéa 110(1)j); b) en ce qui concerne chaque catégorie d’actions visée à l’alinéa a), il est raisonnable de conclure que des actions de la catégorie sont détenues à ce moment par au moins 150 actionnaires chacun détenant des actions de cette catégorie ayant une juste valeur marchande totale d’au moins 500 $; c) il est raisonnable de conclure qu’aucun actionnaire ne détient à ce moment, seul ou avec d’autres actionnaires avec lesquels il a un lien de dépendance, des actions de la société qui, selon le cas : (i) lui conféreraient, à lui seul ou avec les autres actionnaires en cause, au moins 10 % des voix pouvant être exprimées lors des réunions des actionnaires de la société, si cette assemblée avait lieu à ce moment, (ii) ont une juste valeur marchande égale à au moins 10 % de celle de l’ensemble des actions émises et en circulation de la société. (closely held corporation) somme exclue Est une somme exclue pour l’année d’imposition d’une fiducie la somme qui, selon le cas : a) est payée ou créditée (au sens de la partie XIII dans la présente définition) par la fiducie avant 2004; (c) property specified party in respect of a particular person at any time means b) est payée ou créditée par la fiducie et est visée à l’alinéa 104(7.01b)) relativement à celle-ci pour l’année; c) est payée au cours de l’année (ou dans les 60 jours suivant la fin de cette année) par la fiducie directement à l’un de ses bénéficiaires (cet état étant déterminé à l’une des conditions du paragraphe 248(25)) si, à la fois : (i) le bénéficiaire est une personne physique dont aucune des participations à titre de bénéficiaire de la fiducie n’a été acquise moyennant contrepartie, (ii) la somme est visée au sous-alinéa 212(1)(c)(ii) et n’est pas incluse dans le calcul d’une somme exclue pour une autre année d’imposition de 2003, (iii) la fiducie a été établie avant le 30 octobre 2003, (iv) aucun apport n’a été fait à la fiducie après le 17 juillet 2005. (exempt amount) tiers déterminé S’entend, par rapport à une personne donnée à un moment donné : a) de l’époux ou conjoint de fait de la personne donnée à ce moment; b) d’une société qui, à ce moment : (i) est une société étrangère affiliée contrôlée de la personne donnée ou de son époux ou conjoint de fait, (ii) serait une société étrangère affiliée contrôlée d’une société de personnes, dont la personne donnée est un associé détenant une participation majoritaire, si la société de personnes était une personne résidant au Canada à ce moment; c) d’une personne, ou d’une société de personnes dont la personne donnée est un associé détenant une participation majoritaire, à l’égard de laquelle il est raisonnable de conclure que l’avantage visé au sous-alinéa 8(a)(iv) a été conféré : (i) soit du fait que la personne deviendra, après ce moment, une société visée à l’alinéa b), (ii) soit afin de permettre que soit évité ou réduit au minimum un obligation qui découle, ou aurait découlé par ailleurs, de l’application de la présente partie relativement à la personne donnée; Income Tax PART I Income Tax DIVISION B Computation of Income
ALDA dollar limit, for a calendar year, means (b) for each year after 2020, the amount (rounded to the nearest multiple of $10,000, or if that amount is equidistant from two such consecutive multiples, to the higher multiple) that is equal to $150,000 adjusted for each year after 2020 in the manner set out in section 117.1. (plafond de la RVDAA) cumulative excess amount, of an individual at any particular time in a calendar year, means the amount determined by the formula A is the greater of (a) the total of all amounts each of which is an excess ALDA transfer of the individual at or before the particular time, and (b) the amount determined by the formula C is the total of all amounts each of which is the amount of a transfer at or before the particular time to acquire an advanced life deferred annuity on behalf of the individual, and D is the ALDA dollar limit for the calendar year; and B is the total of all amounts each of which is the amount of a refund described in paragraph (g) of the Règles administratives excess ALDA transfer, of an individual, means the portion of the amount of a transfer, made from a transferor plan under any of subsections 146(16) and 146.3(14.1) and paragraphs 147(19)(d), 147.3(1)(c) and 147.5(21)(c) to acquire an advanced life deferred annuity on behalf of the individual, determined by the formula A is the amount of the transfer; and B is the amount determined by the formula C is the total value of the property held for the benefit of the individual under the transferor plan at the end of the calendar year preceding the calendar year in which the transfer is made, other than (a) if the transferor plan is a registered pension plan, property held in connection with (ii) a VPLA fund, as described in subsection 8506(13) of the Income Tax Regulations, (b) if the transferor plan is a pooled registered pension plan, property held in connection with benefits that would be described in paragraph 147.5(5)(a) if the reference in that paragraph to “8506(1)(e.1) or (e.2)” were read as a reference to “8506(1)(e.2)”, (c) if the transferor plan is a registered retirement income fund, contracts for annuities held in connection with the fund other than annuities described in paragraph (b.1) of the definition qualified investment in subsection 146.3(1), and (d) if the transferor plan is a registered retirement savings plan, contracts for annuities held in connection with the plan other than annuities described in paragraph (c.1) of the definition qualified investment in subsection 146(1), D is the total of all amounts each of which is the amount transferred from the transferor plan, in
specified share means a share of the capital stock of a corporation other than a share that is a prescribed share for the purpose of paragraph 110(1)(d). (action déterminée) specified time in respect of a trust for a taxation year of the trust means d) d’une société dans la personne donnée, ou une société de personnes dont celle-ci est un associé détenant une participation majoritaire, est un actionnaire si, à la fois : (i) la société est bénéficiaire d’une fiducie à ce moment ou antérieurement, (ii) la personne donnée ou la société de personnes est bénéficiaire de la fiducie du seul fait que l’alinéa b) de la définition de bénéficiaire au présent paragraphe s’applique à elle relativement à la société. (specified party) transfert sans lien de dépendance Transfert ou prêt (appelés « transfert » dans la présente définition) d’un bien (sauf un bien en exception) effectué à un moment donné (appelé « moment du transfert » dans la présente définition) par une personne ou une société de personnes (appelée « cédant » dans la présente définition) à une autre personne ou une société de personnes (appelée « destinataire » dans la présente définition), si, à ce moment : a) il est raisonnable de conclure que les raisons du transfert (déterminées d’après les circonstances de l’opération ou de la série d’opérations dont il fait partie) n’incluent pas la somme que le cédant aurait payée à l’absence de lien de dépendance avec le destinataire, b) le transfert, selon le cas : (i) constitue un paiement d’intérêts, de dividende, de loyer, de redevance ou d’un autre rendement sur placement, ou un paiement se substituant à un tel rendement, relatif à un bien donné détenu par le destinataire, si le montant du paiement n’excède pas la somme que le cédant aurait payée à l’absence de lien de dépendance avec le destinataire, (ii) constitue un paiement effectué par une société à l’occasion d’une réduction du capital versé au titre des actions d’une catégorie de son capital-actions détenues par le destinataire, si le montant du paiement n’excède pas le montant de la réduction du capital versé ou, si elle est moins élevée, la contrepartie de l’émission des actions, (iii) est un transfert en échange duquel le destinataire transfère ou prête un bien au cédant ou contracte l’obligation de lui transférer ou de lui prêter un bien et à l’égard duquel il est raisonnable de conclure : trust includes, for greater certainty, an estate. (fiducie) (A) d’une part, eu égard seulement au transfert et à l’échange, que le cédant aurait été disposé à effectuer le transfert en l’absence de lien de dépendance avec le destinataire, (B) d’autre part, que les modalités du transfert, et les circonstances dans lesquelles il a été effectué, auraient été acceptables pour le cédant en l’absence de lien de dépendance avec le destinataire, (iv) est un transfert effectué en règlement d’une obligation visée au sous-alinéa (iii) et à l’égard duquel il est raisonnable de conclure : (A) d’une part, eu égard seulement au transfert et à l’obligation, que le cédant aurait été disposé à effectuer le transfert en l’absence de lien de dépendance avec le destinataire, (B) d’autre part, que les modalités du transfert, et les circonstances dans lesquelles il a été effectué, auraient été acceptables pour le cédant en l’absence de lien de dépendance avec le destinataire, (v) constitue le paiement d’une somme dont le cédant est débiteur aux termes d’un accord écrit dont les modalités, au moment où elles ont été établies, étaient telles que, eu égard seulement à la somme et à l’accord, elles auraient été acceptables pour le cédant en l’absence de lien de dépendance avec le destinataire, (vi) constitue un paiement effectué avant 2002 à une fiducie, à une société qu’elle contrôle ou à une société de personnes dont elle est un associé détenant une participation majoritaire, en remboursement d’un prêt consenti au cédant par la fiducie, par la société ou par la société de personnes, ou relativement à un tel prêt, (vii) constitue un paiement effectué après 2001 à une fiducie, à une société qu’elle contrôle ou à une société de personnes dont elle est un associé détenant une participation majoritaire, en remboursement d’un prêt consenti au cédant par la fiducie, par la société ou par la société de personnes, ou relativement à un tel prêt, si : (A) le paiement est effectué avant 2011 et les parties auraient été disposées à conclure le prêt en l’absence de lien de dépendance entre elles, (B) le paiement est effectué avant 2005 conformément à des modalités de remboursement fixes conclues avant le 23 juin 2000. (arm’s length transfer) Règles d’application
a calendar year preceding the calendar year in which the transfer is made, to acquire an advanced life deferred annuity on behalf of the individual, and Tax payable by individuals
Les règles ci-après s’appliquent au présent article et à l’article 94.2 : a) une personne ou une société de personnes est réputée avoir transféré un bien à une fiducie à un moment donné si, à la fois : (i) à ce moment, elle transfère ou prête un bien à une autre personne ou société de personnes autrement qu’au moyen d’un transfert sans lien de dépendance, (ii) ce prêt ou transfert donne lieu à l’un des événements suivants : (A) l’augmentation, à ce moment, de la juste valeur marchande d’un ou de plusieurs biens détenus par la fiducie, (B) la diminution, à ce moment, d’une obligation réelle ou éventuelle de la fiducie; b) la juste valeur marchande, à un moment donné, d’un bien réputé par l’alinéa a) être transféré à ce moment par une personne ou une société de personnes est réputée correspondre à la valeur absolue de l’augmentation ou de la diminution, selon le cas, mentionnée au sous-alinéa a)(ii) relativement au bien et, si ce moment est postérieur au 27 août 2010 et que le bien que la personne ou la société de personnes transfère ou prête à ce moment est un bien d’exception de celle-ci, le bien qui est réputé par l’alinéa a) être transféré à une fiducie à ce moment est réputé être un bien d’exception transféré à ce moment à la fiducie; c) une personne ou une société de personnes est réputée avoir transféré un bien à une fiducie à un moment donné si, à la fois : (i) à ce moment, elle transfère un bien d’exception, ou prête un bien autrement qu’au moyen d’un transfert sans lien de dépendance, à une autre personne (appelée « intermédiaire » au présent alinéa et à l’alinéa c.1)), (ii) à ce moment ou par la suite, la fiducie détient un bien, sauf un bien visé à l’alinéa (14)b), dont la juste valeur marchande provient, en tout ou en partie, directement ou indirectement, de biens détenus par l’intermédiaire, Income Tax PART I Income Tax DIVISION B Computation of Income
If at the end of any month an individual has a cumulative excess amount, the individual shall, in respect of that month, pay a tax under this Part equal to 1% of that cumulative excess amount. Waiver of tax
Impôt sur le revenu
If an individual would, but for this subsection, be required to pay a tax under subsection (2) in respect of a month, the Minister may waive or cancel all or part of the tax if the individual establishes to the satisfaction of the Minister that (a) the cumulative excess amount on which the tax is based arose as a consequence of reasonable error, and (b) reasonable steps are being taken to eliminate the cumulative excess amount. Return and payment of tax
(a) on or before the person’s filing-due date for the year, file with the Minister a return for the year under this Part in prescribed form and containing prescribed information, without notice or demand; and (b) on or before the person’s balance-due day for the year, pay to the Receiver General the amount of tax payable under this Part by the person for the year.
Subsections 150(2) and (3), sections 152 and 158 to 167 and Division J of Part I apply with any modifications that the circumstances require. [NOTE: Applicable provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 206; 1994, c. 7, Sch. II.] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2007, c. 35, s. 120; 2017, c. 33, s. 66. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2007, c. 35, s. 120; 2017, c. 33, s. 66. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2007, c. 35, s. 120; 2017, c. 33, s. 66. Taxes in Respect of Registered Plans
advantage, in relation to a registered plan, means (a) any benefit, loan or indebtedness that is conditional in any way on the existence of the registered plan, other than (i) a benefit derived from the provision of administrative or investment services in respect of the registered plan, (ii) a loan or an indebtedness (including, in the case of a TFSA, a loan or an indebtedness in respect of which the conditions in subsection 146.2(4) or (4.1) are met) the terms and conditions of which are terms and conditions that persons dealing at arm’s length with each other would have entered into, (iii) a payment out of or under the registered plan in satisfaction of all or part of a beneficiary’s or
(iii) il est raisonnable de conclure que l’une des raisons du transfert ou du prêt consiste à permettre que soit évitée ou réduite au minimum une obligation prévue par la présente partie;
controlling individual’s interest in the registered plan, (iv) the payment or allocation of any amount to the registered plan by the issuer, carrier or promoter, (iv.1) an amount paid under or because of the Canada Disability Savings Act, the Canada Education Savings Act or under a designated provincial program, and (v) a benefit provided under an incentive program that is — in a normal commercial or investment context in which parties deal with each other at arm’s length and act prudently, knowledgeably and willingly — offered to a broad class of persons, if it is reasonable to conclude that one of the main purposes of the program is to enable a person or partnership to benefit from the exemption from tax under Part I of any amount in respect of the plan; (b) a benefit that is an increase in the total fair market value of the property held in connection with the registered plan if it is reasonable to consider, having regard to all the circumstances, that the increase is attributable, directly or indirectly, to (i) a transaction or event or a series of transactions or events (other than a payment, not exceeding a reasonable amount, by the controlling individual of the registered plan where the payment would be described by paragraph 20(1)(bb) if the reference to “the taxpayer” in subparagraph (i) of that paragraph were read as a reference to “a controlling individual of a registered plan” and if the references to “the taxpayer” in subparagraph (ii) of that paragraph were read as references to “the registered plan”) that (A) would not have occurred in a normal commercial or investment context in which parties deal with each other at arm’s length and act prudently, knowledgeably and willingly, and (B) had as one of its main purposes to enable a person or a partnership to benefit from the exemption from tax under Part I of any amount in respect of the registered plan, (ii) a payment received as, on account or in lieu of, or in satisfaction of, a payment (A) for services provided by a person who is, or who does not deal at arm’s length with, the controlling individual of the registered plan, or (B) of interest, of a dividend, of rent, of a royalty or of any other return on investment, or of proceeds of disposition, in respect of property (other than property held in connection with the registered plan) held by a person who is, or who does not deal at arm’s length with, the controlling individual of the registered plan, (iv) specified non-qualified investment income that has not been paid from the registered plan to its controlling individual within 90 days of receipt by the controlling individual of a notice issued by the Minister under subsection 207.06(4); (c) a benefit that is income (determined without reference to paragraph 82(1)(b)), or a capital gain, that is reasonably attributable, directly or indirectly, to (i) a prohibited investment in respect of the registered plan or any other registered plan of the controlling individual, (ii) in the case of a registered plan that is not a TFSA, an amount received by the controlling individual of the registered plan, or by a person who does not deal at arm’s length with the controlling individual (if it is reasonable to consider, having regard to all the circumstances, that the amount was paid in relation to, or would not have been paid but for, property held in connection with the registered plan) and the amount was paid as, on account or in lieu of, or in satisfaction of, a payment (A) for services provided by a person who is, or who does not deal at arm’s length with, the controlling individual of the registered plan, or allowable refund of a person for a calendar year means the total of all amounts each of which is a refund, for the year, to which the person is entitled under subsection 207.04(4). (remboursement admissible) controlling individual, of a registered plan, means deliberate over-contribution of an individual means a contribution made under a TFSA by the individual that results in, or increases, an excess TFSA amount, unless it is reasonable to conclude that the individual neither knew nor ought to have known that the contribution could result in liability for a penalty, tax or similar consequence under this Act. (cotisation excédentaire intentionnelle) designated amount of an individual means an amount, not exceeding the excess FHSA amount of the individual, designated by the individual in the prescribed form and manner that is (a) a transfer in accordance with subparagraph 146.6(7)(b)(ii), to the extent that it does not exceed the total of all amounts transferred under paragraph 146.6(12)(a.2) to a FHSA under which the individual is the holder on or before the date of the designation less the total of all amounts previously designated under this paragraph; or (b) a withdrawal from a FHSA under which the individual is the holder, to the extent that it does not exceed the total of all amounts contributed to a FHSA under which the individual is the holder on or before the date of the designation less the total of all amounts previously designated under this paragraph. (montant désigné) equity, of a corporation, trust or partnership, means (a) in the case of a corporation, a share of the capital stock of the corporation; (b) in the case of a trust, an income or capital interest in the trust; and (c) in the case of a partnership, an interest as a member of the partnership. (droit sur l’actif) excess FHSA amount of an individual at a particular time in a taxation year means (a) the amount determined by the formula (i) nil, if the individual had not started their maximum participation period in the preceding taxation year, and (ii) the individual’s excess FHSA amount determined at the end of the immediately preceding taxation year, in any other case; B is the total of all amounts each of which is a contribution made to a FHSA by the individual in the taxation year at or before the particular time; C is the total of all amounts transferred in the taxation year under paragraph 146.6(16)(a.2), at or before the particular time, to a FHSA under which the individual is the holder; D is the lesser of (i) $8,000 plus an amount that would have been the individual’s FHSA carryforward for the taxation year if each amount that was included in that individual’s income under subsection 146.6(6) and could have been, immediately prior to the time it was received, a designated amount, had been designated by the individual as a designated amount, and (ii) the amount determined by the formula G is the total of all amounts that were deducted, could have been deducted or would have been deductible by the individual under subsection 146.6(5) in respect of all preceding taxation years if (A) no amounts were transferred under paragraph 146.6(16)(a.2) to a FHSA of the individual, and (B) notwithstanding clause (A), an amount had been contributed by the individual to a FHSA in each preceding taxation year that is the amount by which the individual’s net RRSP-to-FHSA transfer amount at the end of that year exceeds the individual’s net RRSP-to-FHSA transfer amount at the start of that year; E is the total of all amounts each of which is a designated amount in respect of a transfer or withdrawal made by the individual in the taxation year before the particular time or an amount required to be included in computing the income of the individual under subsection 146.6(6) in the taxation year before the particular time; and F is the total of all amounts, each of which is the portion of an amount required to be included in computing the income of the individual under subsection 146.6(6) in any preceding taxation year, to the extent that it did not reduce what otherwise would have been the individual’s excess FHSA amount in any preceding taxation year; or (b) where the Minister determines that the formula in paragraph (a) does not yield an appropriate result having regard to the circumstances of the individual, a lower amount that, in the Minister’s opinion, is appropriate in the circumstances. (excédent de CELIAPP) excess TFSA amount of an individual at a particular time in a calendar year means the amount, if any, determined by the formula A is the total of all amounts each of which is a contribution made under a TFSA by the individual in the calendar year and at or before the particular time, other than a contribution that is (a) a qualifying transfer, or B is the individual’s unused TFSA contribution room at the end of the preceding calendar year; C is the total of all amounts each of which was a distribution made in the preceding calendar year under a TFSA of which the individual was the holder at the time of the distribution, other than a distribution that is (a) a qualifying transfer, or (a) the TFSA dollar limit for the calendar year if, at any time in the calendar year, the individual is resident in Canada, and (b) nil, in any other case; and E is the total of all amounts each of which is the qualifying portion of a distribution made in the calendar year and at or before the particular time under a TFSA of which the individual was the holder at the time of the distribution and, for this purpose, the qualifying portion of a distribution is (a) nil, if the distribution is a qualifying transfer or a specified distribution, and (b) in any other case, the lesser of (i) the amount of the distribution, and (ii) the amount that would be the individual’s excess TFSA amount at the time of the distribution if the amount of the distribution were nil. excluded property, at any time for a trust governed by a registered plan, means (a) property described in paragraph 4900(1)(j.1) of the Income Tax Regulations; (b) an equity of a mutual fund corporation, mutual fund trust or registered investment if (A) the equity is equity of a mutual fund corporation or mutual fund trust that derives all or substantially all its value from one or more mutual funds that are subject to, and substantially comply with, the requirements of National Instrument 81–102 Mutual Funds, as amended from time to time, of the Canadian Securities Administrators, or (B) the corporation, trust or registered investment follows a reasonable policy of investment diversification, (ii) the time is (A) during the 24-month period that begins on the day on which the first taxation year of the corporation, trust or registered investment begins, (B) during the 24-month period that ends on the day on which the last taxation year of the corporation, trust or registered investment ends, or (C) where the equity is a share of the capital stock of a mutual fund corporation and the share derives all or substantially all its value from a particular mutual fund, (I) during the 24-month period that begins on the day on which the particular mutual fund is established, or (II) during the 24-month period that ends on the day on which the particular mutual fund is terminated, (iii) it is reasonable to conclude that none of the main purposes of the structure of the corporation, trust or registered investment, or of the terms and conditions of the equity, is to accommodate transactions or events that could affect the fair market value of the property held by the trust governed by the registered plan in a manner that would not occur in a normal commercial or investment context in which parties deal with each other at arm’s length and act prudently, knowledgeably and willingly, and (iv) it is reasonable to conclude that none of the main purposes of the incorporation, establishment or operation of the corporation, trust or registered investment, or of the particular mutual fund, is to benefit from this paragraph; or (c) equity of a corporation, partnership or trust (in this paragraph referred to as the “investment entity”) if at that time (i) the fair market value of the equity (in this paragraph referred to as the “arm’s length equity”) of the investment entity that is owned by persons who deal at arm’s length with the controlling individual of the registered plan is at least 90% of the fair market value of all the equity of the investment entity, (ii) the total fair market value of the arm’s length equity and the debt of the investment entity that is owned by persons who deal at arm’s length with the controlling individual is at least 90% of the total fair market value of all the equity and debt of the investment entity, (iii) the controlling individual, either alone or together with persons with whom the controlling individual does not deal at arm’s length, does not have the right to cast at least 10% of the votes, if any, that could be cast regarding the governance of the investment entity, (iv) the specific terms and conditions of each share or unit of equity of the investment entity held by the trust governed by the registered plan are the same as, or substantially similar to, the terms and conditions of particular equity that is included in the arm’s length equity, (v) the fair market value of the particular equity referred to in subparagraph (iv) is equal to at least 10% of the total fair market value of all equity of the investment entity having the specific terms and conditions referred to in subparagraph (iv) or terms and conditions that are substantially similar to those terms and conditions, (vi) the controlling individual deals at arm’s length with the investment entity, and (vii) it is reasonable to conclude that none of the main purposes of the structure of the investment entity, or of the terms and conditions of the equity, is to accommodate transactions or events that could affect the fair market value of the property held by the trust governed by the registered plan in a manner that would not occur in a normal commercial or investment context in which parties deal with each other at arm’s length and act prudently, knowledgeably and willingly. exempt contribution means a contribution made in a calendar year under a TFSA by the survivor of an individual if (a) the contribution is made during the period (in this definition referred to as the “rollover period”) that begins when the individual dies and ends at the end of the first calendar year that begins after the individual dies (or at any later time that is acceptable to the Minister); (b) a payment (in this definition referred to as the “survivor payment”) was made to the survivor during the rollover period, as a consequence of the individual’s death, directly or indirectly out of or under an arrangement that ceased, because of the individual’s death, to be a TFSA; (c) the survivor designates, in prescribed form filed in prescribed manner within 30 days after the day on which the contribution is made (or at any later time that is acceptable to the Minister), the contribution in relation to the survivor payment; and (i) the amount, if any, by which (A) the amount of the survivor payment (B) the total of all other contributions designated by the survivor in relation to the survivor payment, (ii) the amount, if any, by which (A) the total proceeds of disposition that would, if section 146.2 were read without reference to subsection 146.2(9), be determined in respect of the arrangement under paragraph 146.2(8)(a), (10)(a) or (11)(a), as the case may be, (B) the total of all other exempt contributions in respect of the arrangement made by the survivor at or before the time of the contribution, and (iii) if the individual had, immediately before the individual’s death, an excess TFSA amount or if payments described in paragraph (b) are made to more than one survivor of the individual, nil or the greater amount, if any, allowed by the Minister in respect of the contribution. (cotisation exclue) non-qualified investment for a trust governed by a registered plan means property that is not a qualified investment for the trust. (placement non admissible) prohibited investment, at any time for a trust governed by a registered plan, means property (other than excluded property for the trust) that is at that time (b) a share of the capital stock of, an interest in, or a debt of (i) a corporation, partnership or trust in which the controlling individual has a significant interest, or (ii) a person or partnership that does not deal at arm’s length with the controlling individual; (c) an interest (or, for civil law, a right) in, or a right to acquire, a share, interest or debt described in paragraph (a) or (b); or qualified investment for a trust governed by a FHSA or TFSA means (a) an investment that would be described by any of paragraphs (a) to (d), (f) and (g) of the definition qualified investment in section 204 if the reference in that definition to “a trust governed by a deferred profit sharing plan or revoked plan” were read as a reference to “a trust governed by a FHSA or TFSA” and if that definition were read without reference to the words “with the exception of excluded property in relation to the trust”; (b) a contract for an annuity issued by a licensed annuities provider if (i) the trust is the only person who, disregarding any subsequent transfer of the contract by the trust, is or may become entitled to any annuity payments under the contract, and (ii) the holder of the contract has a right to surrender the contract at any time for an amount that would, if reasonable sales and administration charges were ignored, approximate the value of funds that could otherwise be applied to fund future periodic payments under the contract; and qualifying transfer means the transfer of an amount from a TFSA of which a particular individual is the holder if (a) the amount is transferred directly to another TFSA, the holder of which is the particular individual; or (b) the amount is transferred directly to another TFSA, the holder of which is a spouse or common-law partner or former spouse or common-law partner of the particular individual, and the following conditions are satisfied: (i) the individuals are living separate and apart at the time of the transfer, and (ii) the transfer is made under a decree, order or judgment of a competent tribunal, or under a written separation agreement, relating to a division of property between the individuals in settlement of rights arising out of, or on the breakdown of, their marriage or common-law partnership. registered plan strip, in respect of a registered plan that is not a TFSA, means the amount of a reduction in the fair market value of property held in connection with the registered plan, if the value is reduced as part of a transaction or event or a series of transactions or events one of the main purposes of which is to enable the controlling individual of the registered plan, or a person who does not deal at arm’s length with the controlling individual, to obtain a benefit in respect of property held in connection with the registered plan or to obtain a benefit as a result of the reduction, but does not include an amount that is
c.1) la juste valeur marchande, à un moment donné, d’un bien qui est réputé, en vertu de l’alinéa c), être transféré à ce moment par une personne ou une société de personnes est réputée correspondre à la juste valeur marchande du bien visé au sous-alinéa c)(i); si ce moment est postérieur au 24 octobre 2012 et que le bien que la personne ou la société de personnes transfère ou prête à l’intermédiaire est un bien visé à ce titre, le bien qui est réputé, en vertu de l’alinéa c), être transféré à ce moment par la personne ou la société de personnes à une fiducie est réputé être un bien d’exception transféré à la fiducie au cours de la période au cours de laquelle l’intermédiaire le détient; d) si, à un moment donné, une personne ou une société de personnes donne contractuellement l’obligation absolue ou conditionnelle d’exécuter un engagement, notamment une garantie, un accord ou une convention donné afin d’assurer le remboursement total ou partiel d’un prêt ou de toute autre dette contractée par une autre personne ou société de personnes — ou a consenti toute autre aide financière à une autre personne ou société de personnes : (i) d’une part, la personne ou la société de personnes donnée est réputée avoir transféré à ce moment un bien à l’autre personne ou société de personnes, (ii) d’autre part, le bien éventuellement transféré à la personne ou la société de personnes donnée par l’autre personne ou société de personnes en échange de la garantie ou de l’autre aide financière est réputé lui avoir été transféré en échange du bien réputé par le sous-alinéa (i) avoir été transféré; e) la juste valeur marchande à un moment donné d’un bien qui est réputé par le sous-alinéa d)(i) avoir été transféré à ce moment à une autre personne ou société de personnes est réputée correspondre à ce moment, du prêt ou de la dette contractée par l’autre personne ou société de personnes auquel le bien se rapporte; f) si, à un moment postérieur au 22 juin 2000, une personne ou une société de personnes donnée rend un service, sauf un service exempté, à ou pour une autre personne ou société de personnes, ou pour son compte : (i) d’une part, la personne ou la société de personnes donnée est réputée avoir transféré à ce moment un bien à l’autre personne ou société de personnes, (ii) d’autre part, le bien éventuellement transféré à la personne ou la société de personnes donnée par l’autre personne ou société de personnes en échange du bien réputé avoir été transféré en échange du bien réputé avoir été transféré; (g) chacune des acquisitions de biens ci-après, effectuées par une personne ou une société de personnes donnée, est réputée être un transfert de bien à celle-ci, effectué au moment de l’acquisition du bien, par la personne ou la société de personnes de laquelle le bien a été acquis : (i) l’acquisition auprès d’une société d’une action de celle-ci, (ii) l’acquisition d’une participation à titre de bénéficiaire d’une fiducie, sauf si la participation est acquise d’un bénéficiaire de la fiducie, (iii) l’acquisition auprès d’une société de personnes, sauf si la participation est acquise d’un associé de la société de personnes, (iv) l’acquisition auprès d’une personne ou d’une société de personnes d’une créance dont elle est débitrice, (v) l’acquisition du droit d’acquérir un bien ou d’obtenir un prêt du bien, lequel droit est consenti après le 22 juin 2000 par la personne ou la société de personnes auprès de laquelle il a été acquis; h) la juste valeur marchande, à un moment donné, d’un bien réputé par le sous-alinéa f)(i) avoir été transféré à ce moment est réputée être égale à la juste valeur marchande, à ce moment, du service auquel le bien se rapporte; i) la personne ou la société de personnes qui, à un moment donné, contracte l’obligation d’accomplir un acte qui, s’il était accompli, constituerait le transfert ou le prêt d’un bien à une autre personne ou société de personnes est réputée avoir contracté, à ce moment, l’obligation de transférer ou de prêter, selon le cas, un bien à cette autre personne ou société de personnes; j) pour l’application, à un moment donné, de la définition de moment de non-résidence au paragraphe (1), si une fiducie acquiert un bien d’un particulier par Income Tax PART I Income Tax DIVISION B Computation of Income
(a) included in the income of a person under section 146, 146.1, 146.3, 146.4 or 146.6; (b) an excluded withdrawal under section 146.01 or 146.02; (b.1) a qualifying withdrawal under section 146.6; (b.2) a designated amount; (c) described in subsection 146(16), 146.3(14.2) or 146.4(8); (e) an accumulated income payment made to a RDSP under circumstances to which subsection 146.1(1.2) applies; (a) a distribution made under a TFSA to the extent that it is, or is reasonably attributable to, an amount that is (i) an advantage in respect of the TFSA or any other TFSA of the holder, or (iii) an amount in respect of which tax was payable under Part I by a trust governed by the TFSA or any other TFSA of the holder, or (iv) an amount described in subparagraph 207.06(1)(b)(ii); or specified non-qualified investment income, in respect of a registered plan and its controlling individual, means income (determined without reference to paragraph 82(1)(b)), or a capital gain, that is reasonably attributable, directly or indirectly, to an amount in respect of which tax was payable under Part I by a trust governed by the registered plan or by any other registered plan of the controlling individual. (revenu de placement non admissible déterminé) swap transaction, in respect of a registered plan, means a transfer of property between the registered plan and its controlling individual or a person with whom the controlling individual does not deal at arm’s length, but does not include (a) a payment out of or under the registered plan in satisfaction of all or part of the controlling individual’s interest in the registered plan; (b) a payment into the registered plan that is (i) a contribution, a premium or an amount transferred in accordance with paragraph 146.3(2)(f), (ii) described in paragraph (a) or (b) of the definition contribution in subsection 146.1(1), (iv) an amount transferred in accordance with paragraph 146(16)(a.2) or to which subsection 146.6(7) applies; (c) a transfer of a prohibited investment or a non-qualified investment from the registered plan for consideration, in circumstances where the controlling individual is entitled to a refund under subsection 207.04(4) on the transfer; (i) both registered plans are RRIFs or RRSPs, (ii) both registered plans are TFSAs, (iii) both registered plans are RDSPs, (iv) both registered plans are RESPs, or (v) both registered plans are FHSAs; (e) a transfer of a prohibited investment from the registered plan for consideration, if subsection (13) applies in respect of all or part of the consideration received by the registered plan; (f) a transfer of property from the registered plan in consideration for the issuance of a debt obligation that is an excluded property for the trust governed by the registered plan; or (g) a payment into the registered plan that is a payment of, or in satisfaction of, the principal amount of, or interest on, a debt obligation that is an excluded property for the trust governed by the registered plan. TFSA dollar limit for a calendar year means, (c) for 2015, $10,000; and (d) for each year after 2015, the amount (rounded to the nearest multiple of $500, or if that amount is equidistant from two such consecutive multiples, to the higher multiple) that is equal to $5,000 adjusted for each year after 2009 in the manner set out in section 117.1. (plafond CELI) transitional prohibited investment benefit, of a controlling individual for a taxation year, means the amount determined by the formula A is the total of all amounts each of which is income (determined without reference to paragraph 82(1)(b)) earned, or a capital gain realized, in the taxation year by a trust governed by a RRIF or RRSP of the controlling individual that (a) is reasonably attributable, directly or indirectly, to a property that is a prohibited investment, and a transitional prohibited property, for the trust, and (b) in the case of income, is earned after March 22, 2011 and, in the case of a capital gain, accrues after March 22, 2011; and B is the total of all amounts each of which is a capital loss (determined without reference to subparagraph 40(2)(g)(ii) and subsection 40(3.4)) realized in the taxation year by a trust governed by a RRIF or RRSP of the controlling individual that (a) is reasonably attributable, directly or indirectly, to a property that is a prohibited investment, and a transitional prohibited property, for the trust, and transitional prohibited property, at any time for a particular trust governed by a registered plan (other than a TFSA) of a controlling individual, means a property that is held by the particular trust at that time, that was held (a) on March 22, 2011 by a trust governed by a RRIF or RRSP of the controlling individual and that was a prohibited investment for that trust on March 23, 2011; or (b) on March 22, 2017 by a trust governed by a RDSP or RESP of the controlling individual and that was a prohibited investment for that trust on March 23, 2017. (bien interdit transitoire) unused TFSA contribution room of an individual at the end of a calendar year means, (a) if the year is before 2009, nil; (a.1) in circumstances where the Minister has, in accordance with section 207.06, waived or cancelled all or part of the liability imposed on the individual, the amount determined by the Minister; and (b) in any other case, the positive or negative amount determined by the formula A is the individual’s unused TFSA contribution room at the end of the preceding calendar year, B is the total of all amounts each of which was a distribution made in the preceding calendar year under a TFSA of which the individual was the holder at the time of the distribution, other than a distribution that is (i) a qualifying transfer, or (i) the TFSA dollar limit for the calendar year, if at any time in the calendar year the individual is 18 years of age or older and resident in Canada, and (ii) nil, in any other case, and D is the total of all amounts each of which is a contribution made under a TFSA by the individual in the calendar year, other than a contribution that is (i) a qualifying transfer, or
(A) a non-resident time of the specified person, or (iv) either Impôt sur le revenu
For the purposes of this section, income includes dividends described in section 83. Survivor as successor holder
If an individual’s survivor becomes the holder of a TFSA as a consequence of the individual’s death and, immediately before the individual’s death, the individual had an excess TFSA amount, the survivor is deemed (other than for the purposes of the definition exempt contribution) to have made, at the beginning of the month following the individual’s death, a contribution under a TFSA equal to the amount, if any, by which (a) that excess TFSA amount (b) the total fair market value immediately before the individual’s death of all property held in connection with arrangements that ceased, because of the individual’s death, to be TFSAs. Significant interest
An individual has a significant interest in a corporation, partnership or trust at any time if (a) in the case of a corporation, the individual would, at that time, be a specified shareholder of the corporation if the references in the portion of the definition specified shareholder in subsection 248(1) before paragraph (a) to “in a taxation year” and “at any time in the year” were read as “at any time” and “at that time”, respectively; (b) in the case of a partnership, the individual, or the individual together with persons and partnerships with which the individual does not deal at arm’s length, holds at that time interests as a member of the partnership that have a fair market value of 10% or more of the fair market value of the interests of all members in the partnership; and (c) in the case of a trust, the individual, or the individual together with persons and partnerships with which the individual does not deal at arm’s length, holds at that time interests as a beneficiary (in this paragraph, as defined in subsection 108(1)) under the trust that have a fair market value of 10% or more of the fair market value of the interests of all beneficiaries under the trust. Obligation of issuer
The issuer, carrier or promoter of a registered plan shall exercise the care, diligence and skill of a reasonably prudent person to minimize the possibility that a trust governed by the registered plan holds a non-qualified investment. Deemed disposition and reacquisition of investments
suite de son décès, lequel résidait au Canada immédiatement avant son décès, le particulier est réputé lui avoir transféré le bien immédiatement avant son décès; k) un transfert ou prêt de bien, effectué à un moment donné, est réputé être effectué à ce moment conjointement par une personne ou une société de personnes donnée et par une seconde personne ou société de personnes (appelée « personne déterminée » au présent alinéa) si les conditions ci-après sont réunies : (i) la personne ou la société de personnes donnée transfère ou prête un bien à ce moment à une autre personne ou société de personnes, (ii) le transfert ou le prêt est effectué suivant les instructions ou avec l’accord de la personne déterminée, (iii) il est raisonnable de conclure que l’un des buts ou effets du transfert ou du prêt consiste à prévoir des prestations au titre de services rendus par une personne à titre d’employé de la personne déterminée, indépendamment de la question de savoir si des prestations découlent d’un droit immédiat ou futur, absolu ou conditionnel ou non à l’exercice d’un pouvoir discrétionnaire par une personne ou une société de personnes; l) un transfert ou prêt de bien, effectué à un moment donné, est réputé être effectué à ce moment conjointement par une société et par une personne ou une société de personnes (appelée « personne déterminée » au présent alinéa) si les conditions ci-après sont réunies : (A) the terms or conditions of the particular property change, (B) la seconde personne ou société de personnes rachetée, acquiert ou annule le bien donné ou la partie donnée de ce bien, (C) si le bien donné est une dette de la seconde personne ou société de personnes, la dette ou la partie donnée de cette dette est réglée ou annulée, (D) si le bien donné est un droit d’acquérir ou d’emprunter un bien, la personne ou la société de personnes donnée exerce ce droit; n) l’apport qu’une fiducie donnée fait à une autre fiducie à un moment donné est réputé avoir été fait à ce moment conjointement par la fiducie donnée et par chaque personne ou société de personnes qui, à ce moment, est un contribuable de la fiducie donnée; o) l’apport qu’une société de personnes fait à une fiducie à un moment donné est réputé avoir été fait à ce moment conjointement par la société de personnes et par chaque personne ou société de personnes qui, à ce moment, est l’associé de la société de personnes; p) sous réserve de l’alinéa q) et du paragraphe (9), le montant d’un apport à une fiducie, au moment où il est fait, est réputé correspondre à la juste valeur marchande, à ce moment, du bien qui a fait l’objet de l’apport; q) la personne ou la société de personnes qui, à un moment donné, acquiert une participation fixe dans une fiducie (ou un droit, émis par la fiducie, d’acquérir une telle participation dans la fiducie) d’une autre personne ou société de personnes, à l’exception de la fiducie émettrice de la participation ou du droit, est réputée avoir fait un apport à la fiducie à ce moment, et le montant de l’apport est réputé correspondre à la juste valeur marchande, à ce moment, de la participation ou du droit, selon le cas; r) la personne ou la société de personnes donnée qui a acquis une participation fixe dans une fiducie du fait qu’elle a fait un apport à la fiducie (ou qui a fait un apport à la fiducie du fait qu’elle a acquis une participation fixe dans la fiducie ou un droit visé à l’alinéa q)) est réputée, pour l’application du présent article après le moment où elle transfère la participation ou le droit, selon le cas, à une autre personne ou société de personnes (ce transfert étant appelé « vente » au présent alinéa), ne pas avoir fait l’apport relativement à la participation, ou au droit, qui fait l’objet de la vente, si les conditions ci-après sont réunies : (vi) le moment donné est antérieur au premier en dates des moments suivants : (A) le premier moment où la fiducie devient une fiducie étrangère exempte, (B) le premier moment où la personne ou la société de personnes donnée cesse d’être gestionnaire ou promoteur de la fiducie, (C) le moment qui suit de 24 mois le premier moment où la juste valeur marchande totale de la contrepartie reçue par la fiducie en échange de participations à titre de bénéficiaire de la fiducie, à l’exclusion de la participation de la personne ou société de personnes donnée visée au sous-alinéa (iii), excède 50 %; t) le transfert, effectué par une société canadienne, d’un bien qui est, à un moment donné, un apport de la société à une fiducie est réputé ne pas être, après ce moment, un apport de la société à la fiducie si les conditions ci-après réunies sont : (i) la fiducie a acquis le bien de la société avant le moment donné dans les circonstances visées aux sous-alinéas (g)(i) ou (iv), (ii) par suite d’un transfert (appelé « vente » au présent alinéa) effectué au moment donné par une personne ou une société de personnes (appelée « vendeur » au présent alinéa) à une autre personne ou société de personnes (appelée « acheteur » au présent alinéa), la fiducie ne détient plus de biens qui sont : (A) des actions du capital-actions de la société ou des créances émises par celle-ci, (B) des biens dont la juste valeur marchande provient en tout ou en partie, directement ou indirectement, d’actions du capital-actions de la société ou de créances émises par celle-ci, (iii) immédiatement avant le moment donné, l’acheteur ne liait de dépendance avec ni la société, ni avec la fiducie, ni avec le vendeur, (iv) en échange de la vente, l’acheteur transfère un bien (appelé « contrepartie » au présent alinéa) au vendeur, ou contracte une obligation en ce sens, (v) il est raisonnable de conclure ce qui suit : (A) eu égard seulement à la vente et à la contrepartie, le vendeur serait disposé à effectuer la Income Tax PART I Income Tax DIVISION B Computation of Income
If, at any time, a property held by a trust governed by a registered plan becomes, or ceases to be, a prohibited investment or non-qualified investment for the trust, the trust is deemed to have disposed of the property immediately before that time for the proceeds of disposition equal to the fair market value of the property at that time and to have reacquired the property at that time at a cost equal to that fair market value. Adjusted cost base
directly or indirectly, restricted property to the trust, (I) the individual, (II) a descendant of the individual, or (II) $500; and Impôt sur le revenu
For the purpose of computing the adjusted cost base to a trust governed by a registered plan (other than a TFSA) of a property that is a transitional prohibited property for the trust, the cost to the trust of the property until the property is disposed of by the trust is deemed to be equal to the fair market value of the property, (a) in the case of a RRIF or RRSP, at the end of March 22, 2011; and (b) in the case of a RDSP or RESP, at the end of March 22, 2017. Prohibited investment status (a) the property would, in the absence of subsection (9), have ceased at any time (in this subsection and subsection (9) referred to as the “relevant time”) to be a prohibited investment for a trust governed by a registered plan (other than a TFSA) of a controlling individual; (b) the property is a transitional prohibited property for the trust immediately before the relevant time; (c) in the case of a property held under a RRIF or RRSP, the controlling individual elected under subsection 207.05(4); and (d) the controlling individual elects in prescribed form that subsection (9) apply in respect of the property and the election is filed with the Minister on or before
Prohibited investment status
If this subsection applies in respect of a property, the property is deemed to be a prohibited investment at and after the relevant time for every trust governed by a registered plan (other than a TFSA) of the controlling individual referred to in paragraph (8)(a). Breakdown of marriage or common-law partnership (a) the property is transferred at any time (in this subsection and subsection (11) referred to as the “transfer time”) by a trust (in this subsection and subsection (11) referred to as the “transferor trust”) governed by a RRIF or RRSP of a controlling individual (in this subsection and subsection (11) referred to as the “transferor”) under paragraph 146(16)(b) or subsection 146.3(14) to a trust (in subsection (11) referred to as the “recipient trust”) governed by a RRIF or RRSP of which the spouse or common-law partner of the controlling individual (in this subsection and subsection (11) referred to as the “recipient”) of the transferor is the controlling individual; (b) the property is a prohibited investment, and a transitional prohibited property, for the transferor trust immediately before the transfer time; (c) the transferor elected under subsection 207.05(4); (d) the transferor and the recipient — or, if the property is transferred as a consequence of the death of the transferor, the transferor’s legal representative and the recipient — jointly elect in prescribed form that subsection (11) apply in respect of the property and the election is filed with the Minister on or before the day that is 90 days after the end of the (i) recipient’s taxation year that includes the transfer time, if the property is transferred as a consequence of the death of the transferor, or (ii) transferor’s taxation year that includes the transfer time, in any other case; and (e) an amount (in subsection (11) referred to as the “designated amount”) is designated on the prescribed form described in paragraph (d) in respect of the property that
(i) is not less than the adjusted cost base to the transferor trust of the property immediately before the transfer time, and (ii) does not exceed the greater of the amount determined under subparagraph (i) and the fair market value of the property at the transfer time. Breakdown of marriage or common-law partnership
vente en l’absence de lien de dépendance avec l’acheteur, (B) les modalités établies ou imposées relativement à l’échange seraient acceptables pour le vendeur en l’absence de lien de dépendance avec l’acheteur, (C) au moment donné ou par la suite, la valeur de la contrepartie n’est pas déterminée en tout ou en partie, directement ou indirectement, par rapport à des actions du capital-actions de la société ou à des créances émises par celle-ci; u) le transfert d’un bien, effectué avant le 11 octobre 2002, à une fiducie personnelle par un particulier (sauf une fiducie), est réputé ne pas être un apport bien fait par le particulier à la fiducie si les conditions ci-après sont réunies : (i) le particulier désigne la fiducie dans un formulaire prescrit présenté au ministre au plus tard à la date d’échéance de production qui lui est applicable pour son année d’imposition 2003, ou à une date postérieure que le ministre estime acceptable, (ii) le ministre est convaincu de ce qui suit : (A) le particulier (et toute personne ou société de personnes avec laquelle il a un lien de dépendance) n’a jamais prêté ou transféré, ni directement ni indirectement, de biens d’exception à la fiducie, (B) en ce qui concerne chaque apport — déterminé compte non tenu du présent alinéa — fait avant le 11 octobre 2002 par le particulier à la fiducie, aucune des raisons de l’apport (déterminées d’après les circonstances l’entourant, y compris les modalités de la fiducie, une intention quelconque, les lois d’un pays ou l’existence d’un accord, d’un mémorandum, d’une lettre de souhaits ou d’un autre arrangement) ne consistait à permettre ou à faciliter, directement ou indirectement, l’octroi à un moment donné d’un avantage à l’une des entités ci-après — étant entendu qu’un avantage comprend une participation à titre de bénéficiaire de la fiducie : (I) le particulier, (II) un descendant du particulier, (III) une personne ou une société de personnes avec laquelle le particulier ou le descendant a un lien de dépendance à un moment donné, Income Tax PART I Income Tax DIVISION B Computation of Income
If this subsection applies in respect of a property, (a) the property is deemed to be, at and after the transfer time, a property that was held on March 22, 2011 by a trust governed by a RRIF or RRSP of the recipient and that was a prohibited investment for the trust on March 23, 2011; (b) where the property would, in the absence of this paragraph, not be a prohibited investment for the recipient trust immediately after the transfer time, the property is deemed to be a prohibited investment at and after the transfer time for every trust governed by a RRIF or RRSP of the recipient; (c) the recipient is deemed to have elected under subsection 207.05(4); and (i) the proceeds of disposition to the transferor trust from the transfer described in paragraph (10)(a), and (ii) the cost of the property to a trust governed by a RRIF or RRSP of the recipient until the property is disposed of by the trust.
(i) section 2, (iii) applying subsections 104(13.1) to (28) and 107(2.1), in respect of the trust and a beneficiary under the trust, (iv) applying clause 53(2)(h)(i)(B), the definition non-resident entity in subsection 94.1(2), subsection 107(2.002) and section 115, in respect of a beneficiary under the trust, (v) paragraph (c) and subsection 111(9), (vi) determining an obligation of the trust to file a return under section 233.3 or 233.4, Impôt sur le revenu
Subsection (13) applies in respect of a property other than money if (a) the property is acquired at any time (in this subsection and subsection (13) referred to as the “exchange time”) by a trust (in this section and subsection (13) referred to as the “exchanging trust”) governed by a registered plan (other than a TFSA) of a controlling individual in exchange for another property (in this subsection referred to as the “exchanged property”) in a transaction to which any of section 51, subsection 85(1) and sections 85.1, 86 and 87 apply; (b) the exchanged property is a prohibited investment, and a transitional prohibited property, for the exchanging trust immediately before the exchange time; (c) the property is, or would be, if subsection 4900(14) of the Income Tax Regulations were read without reference to its paragraph (b), a qualified investment for the exchanging trust immediately after the exchange time; and
If this subsection applies in respect of a property, (a) other than for the purposes of subsection (7), the property is deemed to be, at and after the exchange time, a property, (i) in the case of a trust governed by a RRIF or RRSP, that was (A) held on March 22, 2011 by a trust governed by a RRIF or RRSP of the controlling individual referred to in subsection (12), and (B) a prohibited investment for the trust on March 23, 2011, and (ii) in the case of a trust governed by a RDSP or RESP, that was (A) held on March 22, 2017 by a trust governed by a RDSP or RESP of the controlling individual referred to in subsection (12), and (B) a prohibited investment for the trust on March 23, 2017; and (b) if the property would, in the absence of this paragraph, not be a prohibited investment for the exchanging trust immediately after the exchange time, the property is deemed to be a prohibited investment at and after the exchange time for every trust governed by a registered plan (other than a TFSA) of the controlling individual. Tax payable on excess TFSA amount
Tax payable on excess FHSA amount
Obligations de fiducies non-résidentes et d’autres entités
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2022, c. 19, s. 51. Survivor as successor holder
Les règles ci-après s’appliquent à l’égard d’une fiducie qui, à un moment déterminé de son année d’imposition donnée, compte un contribuable résident ou un bénéficiaire résident, n’est pas une fiducie étrangère exemptée et est, compte non tenu du présent paragraphe, non résidente : a) la fiducie est réputée résider au Canada tout au long de l’année donnée en vue : (i) d’appliquer l’article 2, (ii) de calculer son revenu pour l’année donnée, (iii) d’appliquer les paragraphes 104(13.1) à (28) et 107(2.1) à son égard et à l’égard de ses bénéficiaires, (iv) d’appliquer l’alinéa 53(2)(h)(i)(B), la définition de entité non-résidente au paragraphe 94.1(2), le paragraphe 107(2.002) et l’article 115, à l’égard d’un de ses bénéficiaires, (v) d’appliquer l’alinéa c) et le paragraphe 111(9), (vi) d’établir son obligation de produire une déclaration en vertu des articles 233.3 ou 233.4, (vii) d’établir ses droits et obligations en vertu des sections I et J, (d) each person that at any time in the particular taxation year is a resident contributor to the trust (other than an electing contributor in respect of the trust at the specified time) or a resident beneficiary under the trust d) chaque personne qui, au cours de l’année donnée, est un contribuable résident de la fiducie (autre qu’un contribuable déterminé relativement à la fiducie au moment déterminé) ou un bénéficiaire résident de la fiducie : (i) d’une part, partage solidairement, avec la fiducie et avec chacune des autres personnes en cause, les droits et obligations de la fiducie pour l’année donnée en vertu des sections I et J, et (ii) d’autre part, est assujettie à la partie XV relativement à ces droits et obligations; e) chaque personne qui, au cours de l’année donnée, est, à la fois, un bénéficiaire de la fiducie et une personne de laquelle une somme serait recouvrable à la fin de l’année d’imposition 2006 de la fiducie en vertu du paragraphe (2) (dans sa version applicable aux années d’imposition se terminant avant 2007) relativement à la fiducie si la personne avait reçu, avant l’année d’imposition 2007 de la fiducie, des sommes visées aux alinéas (2)a) ou b) (dans leur version applicable aux années d’imposition se terminant avant 2007) relativement à la fiducie : (i) d’une part, partage solidairement, avec la fiducie et avec chacune des autres personnes en cause, jusqu’à concurrence de son plafond de recouvrement pour l’année, les droits et obligations de la fiducie en vertu des sections I et J pour les années d’imposition de celle-ci se terminant avant 2007, (ii) d’autre part, est assujettie, jusqu’à concurrence de son plafond de recouvrement pour l’année, à la partie XV relativement à ces droits et obligations; f) si la fiducie (appelée « fiducie donnée » au présent alinéa) est une fiducie déterminée relativement à l’année donnée : (i) une fiducie non testamentaire (appelée « fiducie relative à la partie non-résidente » au présent alinéa) est réputée pour l’application des dispositions de la présente loi, à l’exception du paragraphe 104(2) : (A) d’une part, être établie dès que la fiducie donnée existe au cours de sa première année d’imposition pour laquelle elle est une fiducie déterminée, (B) d’autre part, continuer à exister jusqu’au premier en date des moments suivants : Income Tax PART I Income Tax DIVISION B Computation of Income
(a) that excess FHSA amount (b) the total fair market value immediately before the individual’s death of all property held under the FHSAs of the individual (other than a FHSA in respect of which the survivor became the successor holder as a consequence of the individual’s death). [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2022, c. 19, s. 51.
(iv) for greater certainty Impôt sur le revenu
(a) the first time after the particular time at which the amount of the contribution is equalled or exceeded by the total of all amounts each of which is a distribution (i) that is made after the particular time under a TFSA of which the individual is the holder, and (ii) that the individual designates in prescribed manner to be a distribution in connection with the contribution and not in connection with any other contribution, and (b) the time at which the individual ceases to be a non-resident. (b) the time at which the individual becomes resident in Canada. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2008, c. 28, s. 31; 2009, c. 2, s. 69. Tax payable on prohibited or non-qualified investment
Amount of tax payable
The amount of tax payable in respect of each property described in subsection (1) is 50% of the fair market value of the property at the time referred to in that subsection. Both prohibited and non-qualified investment
For the purposes of this section and subsections 146.1(1), 146.1(5), 146.2(6), 146.3(9), 146.4(5) and 207.01(6), if a trust governed by a registered plan holds property at any time that is, for the trust, both a prohibited investment and a non-qualified investment, the property is deemed at that time not to be a non-qualified investment, but remains a prohibited investment, for the trust. Refund of tax on disposition of investment
(I) le moment où la fiducie donnée cesse de résider au Canada par l’effet des paragraphes (5) ou (5.1), (II) le moment où la fiducie donnée cesse d’exister, (III) le moment où la fiducie donnée commence à résider au Canada autrement que par l’effet du présent paragraphe, (ii) les biens de la fiducie donnée qui font partie de sa partie non-résidente sont réputés être les biens de la fiducie relative à la partie non-résidente et ne pas être ceux de la fiducie donnée, sauf pour l’application du présent alinéa et de la définition de fiducie déterminée au paragraphe (1), (iii) les modalités de la fiducie donnée et les droits et obligations de ses bénéficiaires (déterminés d’après les circonstances, y compris les modalités d’une fiducie, une intention, les lois d’un pays ou l’existence d’un accord, un mémorandum, une lettre de souhaits ou tout autre arrangement) sont réputés être respectivement les modalités de la fiducie relative à la partie non-résidente et les droits et obligations des bénéficiaires de celle-ci, (iv) il est entendu : (A) que les fiduciaires de la fiducie donnée sont réputés être ceux de la fiducie relative à la partie non-résidente, (B) que les bénéficiaires de la fiducie donnée sont réputés être ceux de la fiducie relative à la partie non-résidente, (C) que la fiducie relative à la partie non-résidente est réputée ne pas avoir de contribuable résident ni de contribuable rattaché, (v) sans que l’assujettissement de ses fiduciaires à leur propre impôt sur le revenu en soit atteint, la fiducie relative à la partie non-résidente est réputée être un particulier en ce qui concerne ses biens, (vi) si un bien ou une partie de bien commence, à un moment donné, à faire partie de la partie non-résidente de la fiducie donnée alors qu’il faisait partie de sa partie résidente immédiatement avant ce moment, la fiducie donnée est réputée l’avoir transféré à ce moment à la fiducie relative à la partie non-résidente, Income Tax PART I Income Tax DIVISION B Computation of Income
If in a calendar year a trust governed by a registered plan disposes of a property in respect of which a tax is imposed under subsection (1) on the controlling individual of the registered plan, the controlling individual is entitled to a refund for the year of an amount equal to (a) except where paragraph (b) applies, the amount of the tax so imposed; or (i) if it is reasonable to consider that the controlling individual knew, or ought to have known, at the time the property was acquired by the trust, that it was, or would become, a property described in subsection (1), or (ii) if the property is not disposed of by the trust before the end of the calendar year following the calendar year in which the tax arose, or any later time that the Minister considers reasonable in the circumstances.
(ix) the particular trust Impôt sur le revenu
If more than one person is entitled to a refund under subsection (4) for a calendar year in respect of the disposition of a property, the total of all amounts so refundable shall not exceed the amount that would be so refundable if there were only one of those persons in respect of that disposition if that person were the only person entitled to a refund for the year under that subsection in respect of the disposition. If the persons cannot agree as to what portion of the refund each can so claim, the Minister may fix the portions. Liability for tax
Each person who is a holder of a RDSP or a subscriber of a RESP at the time that a tax is imposed under subsection (1) in connection with the plan is jointly and severally, or solidarily, liable to pay the tax. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] Tax payable in respect of advantage
Amount of tax payable
The amount of tax payable in respect of an advantage described in subsection (1) is (a) in the case of a benefit, the fair market value of the benefit; (b) in the case of a loan or an indebtedness, the amount of the loan or indebtedness; and (c) in the case of a registered plan strip, the amount of the registered plan strip. Liability for tax
(vii) si un bien ou une partie de bien commence, à un moment donné, à faire partie de la partie résidente de la fiducie donnée alors qu’il faisait partie de sa partie non-résidente immédiatement avant ce moment, la fiducie relative à la partie non-résidente est réputée l’avoir transféré à ce moment à la fiducie donnée, (viii) la fiducie donnée et la fiducie relative à la partie non-résidente sont réputées, à tout moment, être affiliées l’une à l’autre et avoir entre elles un lien de dépendance, (ix) la fiducie donnée : (A) d’une part, partage solidairement, avec la fiducie relative à la partie non-résidente, les droits et obligations de celle-ci en vertu des sections I et J pour toute année d’imposition, (B) d’autre part, est assujettie à la partie XV relativement à ces droits et obligations, (x) si la fiducie relative à la partie non-résidente cesse d’exister à un moment donné (étant entendu que ce moment est déterminé conformément au sous-alinéa (i)(B)) : (A) elle est réputée, au moment (appelé « moment de la disposition » au présent sous-alinéa) immédiatement avant le moment immédiatement avant le moment donné : (I) dans le cas de chacun des biens qui est un bien visé à l’un des sous-alinéas 128.1(1)(b)(i) à (iv), avoir disposé du bien pour un produit de disposition égal à son coût indiqué au moment de la disposition, (II) dans le cas de chacun des autres biens, avoir disposé du bien pour un produit de disposition égal à sa juste valeur marchande au moment de la disposition, (B) la fiducie donnée est réputée avoir acquis, au moment immédiatement avant le moment donné, chacun des biens visés aux subdivisions (A)(I) ou (II) à un coût égal au produit déterminé selon celles de ces subdivisions qui est applicable au bien, (C) chaque personne ou société de personnes qui est bénéficiaire de la fiducie relative à la partie non-résidente au moment immédiatement avant le moment donné est réputée : Income Tax PART I Income Tax DIVISION D Computation of Income
Each controlling individual of a registered plan in connection with which a tax is imposed under subsection (1) is jointly and severally, or solidarily, liable to pay the tax except that, if the advantage is extended by the issuer, carrier or promoter of the registered plan or by a person with whom the issuer, carrier or promoter is not dealing at arm’s length, the issuer, carrier or promoter, and not the controlling individual, is liable to pay the tax. Transitional rule
Excluded provisions (a) the definitions arm’s length transfer and exempt foreign trust in subsection (1); (d) determining whether, in applying subsection 128.1(1), the trust becomes resident in Canada at a particular time; (f) subparagraph (f)(i) of the definition disposition in subsection 248(1); Impôt sur le revenu
If an individual so elects before March 2, 2013 in prescribed form, subsection (1) does not apply in respect of any advantage that is an amount included in the calculation of the transitional prohibited investment benefit of the individual for a taxation year provided that the transitional prohibited investment benefit (a) is paid to the individual, from a RRIF or RRSP of the individual, on or before the later of April 2, 2013 and the day that is 90 days after the end of the taxation year; and (b) is not paid by way of transfer to another RRIF or RRSP of the individual. Waiver of tax payable
(a) the individual establishes to the satisfaction of the Minister that the liability arose as a consequence of a reasonable error; and (b) one or more distributions are made without delay under a TFSA of which the individual is the holder, the total amount of which is not less than the total of (i) the amount in respect of which the individual would otherwise be liable to pay the tax, and (ii) income (including a capital gain) that is reasonably attributable, directly or indirectly, to the amount described in subparagraph (i). Waiver of tax payable
If a person would otherwise be liable to pay a tax under this Part because of subsection 207.04(1) or section 207.05, the Minister may waive or cancel all or part of the liability where the Minister considers it just and equitable to do so having regard to all the circumstances, including (a) whether the tax arose as a consequence of reasonable error; (b) the extent to which the transaction or series of transactions that gave rise to the tax also gave rise to another tax under this Act; and (c) the extent to which payments have been made from the person's registered plan. Waiver of tax payable
If an individual would otherwise be liable to pay a tax under section 207.021, the Minister may waive or cancel all or part of the liability if (a) the individual establishes to the satisfaction of the Minister that the liability arose as a consequence of a reasonable error; and (b) one or more distributions are made without delay under a FHSA of which the individual is the holder, the total amount of which is not less than the total of (i) the amount in respect of which the individual would otherwise be liable to pay tax, and (ii) the income (including any capital gain) that is reasonably attributable, directly or indirectly, to the amount described in subparagraph (i). Other powers of Minister
(I) d’une part, avoir disposé, au moment de la disposition, de sa participation à titre de bénéficiaire de cette fiducie pour un produit égal au coût indiqué, pour elle, de la participation à ce moment, (II) d’autre part, avoir cessé, au moment de la disposition, d’être bénéficiaire de cette fiducie, autre que pour l’application de la présente division; g) si une personne déduit ou retient une somme (appelée « retenue » au présent alinéa) comme l’exige l’article 215 sur une somme donnée à été payée à la fiducie donnée ou portée à son crédit, ou réputée l’avoir été, et que la somme donnée a été incluse dans le revenu de la fiducie donnée pour l’année donnée, la retenue est réputée avoir été payée au titre de l’impôt de la fiducie donnée prévu par la présente partie pour cette année. Dispositions inapplicables
The Minister may notify the controlling individual of a registered plan that the controlling individual must cause a payment to be made from the registered plan to the controlling individual within 90 days of receipt of the notice, the amount of which is not less than the amount of specified non-qualified investment income in respect of the registered plan.
Il est entendu que l’alinéa (3)a) ne s’applique pas de manière qu’une fiducie soit réputée résider au Canada : a) pour l’application des définitions de fiducie étrangère exempte et transfert sans lien de dépendance au paragraphe (1); b) pour l’application des paragraphes (8.1) et (8.2), de l’alinéa (14)a), des paragraphes 70(6) et 73(1), de la définition de société de personnes canadienne au paragraphe 102(1), de l’alinéa 107.4(1)c), de la définition de fiducie admissible pour personnes handicapées au paragraphe 122(3), de l’alinéa a) de la définition de fiducie de fonds commun de placement au paragraphe 132(6), de la définition de fiducie admissible au paragraphe 135.2(1) et du sous-alinéa b)(i) de la définition de fiducie de placement déterminée au paragraphe 251.2(1); c) lorsqu’il s’agit de déterminer les obligations d’une personne, sauf la fiducie, découlant de l’application de l’article 215; d) lorsqu’il s’agit d’établir, pour l’application du paragraphe 128.1(1), si la fiducie commence à résider au Canada à un moment donné; e) lorsqu’il s’agit d’établir, pour l’application du paragraphe 128.1(4), si la fiducie cesse de résider au Canada à un moment donné; (h) determining whether subsection 75(2) applies. Deemed cessation of residence — loss of resident contributor or resident beneficiary (b) at a specified time in which the trust (b) at a specified time in which Administrative relief — changes in status f) pour l’application du sous-alinéa f)(i) de la définition de disposition au paragraphe 248(1); g) lorsqu’il s’agit d’établir si le paragraphe 107(5) s’applique à une distribution de biens à la fiducie effectuée après le 17 juillet 2005; h) lorsqu’il s’agit d’établir si le paragraphe 75(2) s’applique. Cessation de résidence réputée — aucun contributeur résident ou bénéficiaire résident
Special limit on tax payable
Une fiducie est réputée cesser de résider au Canada dès qu’elle ne compte ni contributeur résident ni bénéficiaire résident au cours d’une année d’imposition (déterminée compte non tenu du paragraphe 128.1(4)), à la fois : a) qui suit immédiatement une année d’imposition tout au long de laquelle la fiducie est réputée, en vertu du paragraphe (3), résider au Canada pour le calcul de son revenu; b) à un moment déterminé de laquelle la fiducie remplit les conditions suivantes : (i) elle est un non-résident, (ii) elle n’est pas une fiducie étrangère exempte, (iii) elle ne compte ni contributeur résident ni bénéficiaire résident. Cessation de résidence réputée — fiducie devenue une fiducie étrangère exempte (5.1) Une fiducie est réputée cesser de résider au Canada dès qu’elle devient une fiducie étrangère exempte au cours d’une année d’imposition (déterminée compte non tenu du paragraphe 128.1(4)), à la fois : a) que suit immédiatement une année d’imposition tout au long de laquelle la fiducie est réputée, en vertu du paragraphe (3), résider au Canada pour le calcul de son revenu; b) à un moment déterminé de laquelle la fiducie remplit les conditions suivantes : (i) elle compte un contributeur résident ou un bénéficiaire résident, (ii) elle est une fiducie étrangère exempte. Allègement administratif — changement de statut (5.2) Si une fiducie est réputée en vertu des paragraphes (5) ou (5.1) cesser de résider au Canada à un moment Income Tax PART I Income Tax DIVISION B Computation of Income
the year shall be reduced by the amount of the tax payable under section 207.02 or 207.03, as the case may be, for the year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2010, c. 25, s. 61. Return and payment of tax
Ceasing to be an exempt foreign trust Impôt sur le revenu
(a) file with the Minister a return for the year under this subsection in prescribed form and containing prescribed information including (i) an estimate of the amount of tax payable under this Part by the person in respect of the year, and (ii) an estimate of the amount of the person’s allowable refund, if any, for the year; and (b) pay to the Receiver General the amount, if any, by which the amount of the person’s tax payable under this Part in respect of the year exceeds the person’s allowable refund, if any, for the year. (1.1) If two or more holders of a RDSP, or two or more subscribers of a RESP, are jointly and severally, or solidarily, liable with each other to pay a tax under this Part for a calendar year in connection with the plan, (a) a payment by any of the holders, or any of the subscribers, on account of that tax liability shall to the extent of the payment discharge the joint liability; and (b) a return filed by one of the holders, or one of the subscribers, as required by this Part for the year is deemed to have been filed by each other holder, or each other subscriber, in respect of the joint liability to which the return relates.
If a person has filed a return under this Part for a calendar year within three years after the end of the year, the Minister (a) may, on sending the notice of assessment for the year, refund without application any allowable refund of the person for the year, to the extent that it was not applied against the person’s tax payable under paragraph (1)(b); and
(b) shall, with all due dispatch, make the refund referred to in paragraph (a) after sending the notice of assessment if an application for it has been made in writing by the person within three years after the sending of an original notice of assessment for the year.
Subsections 150(2) and (3), sections 152 and 158 to 167 and Division J of Part I apply to this Part with any modifications that the circumstances require. Tax in Respect of Deferred Income Plans and Other Tax Exempt Persons Tax payable by trust under deferred profit sharing plan
donné, les règles ci-après s’appliquent à elle pour l’année d’imposition donnée qui, en raison de cette cessation, est réputée en vertu du sous-alinéa 128.1(4)a)(i) prendre fin immédiatement avant ce moment : a) la déclaration de revenu de la fiducie pour l’année donnée est réputée être présentée au ministre dans le délai imparti si elle est présentée dans les quatre-vingt-dix jours suivant la fin de son année d’imposition qui est réputée en vertu du sous-alinéa 128.1(4)a)(i) commencer au moment donné; b) toute somme qui est incluse dans le revenu de la fiducie (déterminé compte non tenu des paragraphes 104(6) et (12)) pour l’année donnée, mais qui est devenue payable (déterminé toutefois sans égard au présent alinéa) par la fiducie au cours de la période postérieure à l’année donnée et antérieure à la fin de son année d’imposition qui est réputée en vertu d’un sous-alinéa 128.1(4)a)(i) commencer au moment donné, est réputée être devenue payable par la fiducie immédiatement avant la fin de l’année donnée et non à un autre moment. Fiducie qui cesse d’être une fiducie étrangère exempte
Where, at the end of any month, a trust governed by a deferred profit sharing plan holds property that is neither a qualified investment (within the meaning assigned by section 204) nor a life insurance policy (referred to in paragraphs 198(6)(c) to 198(6)(e) or subsection 198(6.1)), the trust shall, in respect of that month, pay a tax under this Part equal to 1% of the fair market value of the property at the time it was acquired by the trust of all such property held by it at the end of the month, other than (a) property in respect of the acquisition of which the trust has paid or is liable to pay a tax under subsection 198(1); and (b) property acquired by the trust before August 25, 1972. Tax payable in respect of agreement to acquire shares
Si une fiducie est une fiducie étrangère exempte à un moment déterminé de son année d’imposition, qu’elle cesse d’être une telle fiducie à un moment donné de l’année d’imposition suivante (déterminé compte non tenu du présent paragraphe) qui comprend le moment donné et qu’il existe un contributeur résident ou un bénéficiaire résident au moment donné, les règles ci-après s’appliquent : a) son année d’imposition (déterminée compte non tenu du présent paragraphe) qui comprend le moment donné est réputée avoir pris fin immédiatement avant ce moment et une nouvelle année d’imposition est réputée commencer à ce même moment; b) afin de déterminer son exercice après le moment donné, la fiducie est réputée ne pas avoir établi d’exercice avant ce moment. Plafond de la somme recouvrable
Where at any time a taxpayer whose taxable income is exempt from tax under Part I makes an agreement (otherwise than as a consequence of the acquisition by writing by it of an option listed on a designated stock exchange) to acquire a share of the capital stock of a corporation (otherwise than from the corporation) at a price
La somme maximale qui est recouvrable d’une personne à un moment donné, en vertu des dispositions visées à l’alinéa (3)d), relativement à une fiducie (sauf une personne réputée, en vertu des paragraphes (12) ou (13), être un contributeur ou un contributeur résident de la fiducie) et à une année d’imposition donnée de la fiducie, est la limite de recouvrement de la personne à ce moment relativement à la fiducie et à l’année donnée si, à la fois : Income Tax PART I Income Tax DIVISION B Computation of Income
that may differ from the fair market value of the share at the time the share may be acquired, the taxpayer shall, in respect of each month during which the taxpayer is a party to the agreement, pay a tax under this Part equal to the total of all amounts each of which is the amount, if any, by which the amount of a dividend paid on the share at a time in the month at which the taxpayer is a party to the agreement exceeds the amount, if any, of the dividend that is received by the taxpayer. Return and payment of tax
(a) either Recovery limit Impôt sur le revenu
(a) file with the Minister a return for the year under this Part in prescribed form and containing prescribed information, without notice or demand therefor; (b) estimate in the return the amount of tax, if any, payable by it under this Part in respect of each month in the year; and (c) pay to the Receiver General the amount of tax, if any, payable by it under this Part in respect of each month in the year.
Where the trustee of a trust that is liable to pay tax under this Part does not remit to the Receiver General the amount of the tax within the time specified in subsection 207.2(1), the trustee is personally liable to pay on behalf of the trust the full amount of the tax and is entitled to recover from the trust any amount paid by the trustee as tax under this section.
Subsections 150(2) and 150(3), sections 152 and 158, subsections 161(1) and 161(11), sections 162 to 167 and Division J of Part I are applicable to this Part with such modifications as the circumstances require. Tax Payable by institution or public authority
a) selon le cas : (i) la personne est assujettie aux obligations imposées par les dispositions visées à l’alinéa (3)d) relativement à la fiducie et à l’année donnée du seul fait qu’elle était bénéficiaire résident de la fiducie à un moment déterminé relativement à la fiducie au cours de cette année, (ii) à un moment déterminé relativement à la fiducie au cours de l’année donnée, le total des sommes représentant chacune le montant d’un apport, au moment où il est fait, que fait à la fiducie avant le moment déterminé la personne ou une autre personne ou société de personnes avec laquelle elle a un lien de dépendance avec celle-ci, n’excède pas la plus élevée des sommes suivantes : (A) 10 000 $, (B) 10 % du total des sommes représentant chacune le montant d’un apport, au moment où il est fait, fait à la fiducie avant le moment déterminé; b) la personne a produit, dans le délai fixé à l’article 233.2 ou dans le délai jugé acceptable par le ministre pour l’application de cet article, relativement à la fiducie, toutes les déclarations de renseignements qu’elle était tenue de produire avant le moment déterminé relativement à la fiducie; le présent alinéa ne s’applique pas si le total déterminé selon le sous-alinéa a)(ii) relativement à la personne et à l’ensemble des personnes ou sociétés de personnes avec lesquelles elle a un lien de dépendance est de 10 000 $ ou moins; c) il est raisonnable de conclure que, en ce qui concerne chaque opération effectuée avant la fin de l’année donnée avec les instructions ou avec l’accord de la personne : (i) d’une part, l’opération n’était aucunement motivée par le désir de permettre à la personne de réduire au minimum les obligations imposées en vertu des dispositions visées à l’alinéa (3)d) relativement à la fiducie, ou de s’y soustraire, (ii) d’autre part, l’opération ne faisait pas partie d’une série d’opérations conclues notamment en vue de permettre à la personne de réduire au minimum les obligations imposées en vertu des dispositions visées à l’alinéa (3)d) relativement à la fiducie, ou de s’y soustraire. Plafond de recouvrement
(a) at any time in the year, the recipient (ii) in the opinion of the Minister of the Environment, or a person designated by that Minister, changes the use of the property; (b) the property is described in paragraph 110.1(1)(d) or in the definition total ecological gifts in subsection 118.1(1); and (c) the disposition or change is made without the authorization of the Minister of the Environment or a person designated by that Minister.
Le plafond de recouvrement, visé à l’alinéa (3)e) et au paragraphe (7), à un moment donné d’une personne (A) the particular person, or donnée relativement à une fiducie et à une année d’imposition donnée de celle-ci correspond à l’excédent de la plus élevée des sommes suivantes : a) le total des sommes représentant chacune : (i) la somme reçue ou à recevoir après 2000 et avant le moment donné : (A) soit par la personne donnée à l’occasion de la disposition de tout ou partie de sa participation à titre de bénéficiaire de la fiducie, (B) soit par une personne ou une société de personnes — qui, au moment où la somme est devenue à recevoir, était un tiers déterminé par rapport à la personne donnée — à l’occasion de la disposition de tout ou partie de sa participation à titre de bénéficiaire de la fiducie, (ii) la somme, sauf celle visée au sous-alinéa (i), à payer par la fiducie après 2000 et avant le moment donné : (A) soit à la personne donnée en raison de sa participation à titre de bénéficiaire de la fiducie, (B) soit à une personne ou une société de personnes — qui, au moment où la somme est devenue à payer, était un tiers déterminé par rapport à la personne donnée — en raison de la participation du tiers à titre de bénéficiaire de la fiducie, (iii) la somme reçue après le 27 août 2010 par la personne donnée ou par une personne ou une société de personnes — qui, au moment où la somme a été reçue, était un tiers déterminé par rapport à la personne donnée — à titre de prêt de la fiducie, dans la mesure où la somme n’a pas été remboursée, (iv) la somme, sauf celle visée aux sous-alinéas (i) à (iii), qui représente la juste valeur marchande d’un avantage qu’a reçu de la fiducie, ou dont a joui, l’une des entités ci-après après 2000 et avant le moment donné : (A) la personne donnée, (B) une personne ou une société de personnes qui, au moment où elle a reçu l’avantage ou en a joui, était un tiers déterminé par rapport à la personne donnée, (v) la somme maximale qui serait recouvrable de la personne donnée à la fin de l’année d’imposition 2006 de la fiducie en vertu du paragraphe (2) (dans --- sa version applicable aux années d’imposition se terminant avant 2007) si la fiducie avait un impôt à payer en vertu de la présente partie à la fin de son année d’imposition 2006 et si cet impôt dépassait le total des sommes visées, relativement à la personne donnée, aux alinéas (2)a) et b) (dans leur version applicable aux années d’imposition se terminant avant 2007), sauf dans la mesure où la somme ainsi recouvrable se rapporte à une somme qui est incluse dans la limite de recouvrement de la personne donnée par l’effet des sous-alinéas (i) ou (ii); b) le total des sommes représentant chacune le montant d’un apport, au moment où il est fait, que la personne donnée a fait à la fiducie avant le moment donné; excède le total des sommes représentant chacune : c) la somme recouvrée de la personne donnée avant le moment donné au titre des obligations découlant de l’application du paragraphe (3) (ou de l’application du présent article, dans sa version applicable aux années d’imposition se terminant avant 2007) relativement à la fiducie et à l’année donnée ou à une année d’imposition antérieure de la fiducie; d) la somme, sauf celle au titre de laquelle le présent alinéa s’est appliqué relativement à une autre personne, recouvrée, avant le moment donné, d’un tiers déterminé par rapport à la personne donnée au titre des obligations de celle-ci découlant de l’application du paragraphe (3) (ou de l’application du présent article, dans sa version applicable aux années d’imposition se terminant avant 2007) relativement à la fiducie et à l’année donnée ou à une année d’imposition antérieure de la fiducie; e) l’excédent de l’impôt à payer par la personne donnée en vertu de la présente partie pour une année d’imposition au cours de laquelle la somme visée à l’un des sous-alinéas a)(i) à (iv) a été payée, est devenue à payer, a été reçue ou est devenue à recevoir par la personne donnée, ou au cours de laquelle la personne donnée a joui de la somme, sur ce que représenterait l’impôt à payer par la personne donnée en vertu de la présente partie pour cette année si aucune somme semblable n’était payée, ne devenait à payer, n’était reçue ou ne devenait à recevoir par la personne donnée au cours de cette année ou si la personne donnée ne jouissait d’aucune somme semblable au cours de cette année. Application of subsection (8.2) --- Application du paragraphe (8.2) (8.1) Le paragraphe (8.2) s’applique à une personne donnée et à un bien donné, à un moment donné, relativement à une fiducie non-résidente si les faits ci-après s’avèrent à ce moment : a) la personne donnée réside au Canada; b) la fiducie détient le bien donné, à condition que celui-ci ou tout bien qui lui est substitué, selon le cas : (i) puisse : (A) soit revenir à la personne donnée, (B) soit être transporté à une ou plusieurs personnes ou sociétés de personnes devant être désignées par la personne donnée, (ii) ne fasse pas l’objet d’une disposition par la fiducie pendant l’existence de la personne donnée, moins que celle-ci y consente ou ne l’ordonne. Transfert réputé d’un bien d’exception (8.2) En cas d’application du présent paragraphe à une personne donnée et à un bien donné, à un moment donné, relativement à une fiducie non-résidente, les règles ci-après s’appliquent pour l’application du présent article relativement à la fiducie pour une année d’imposition de celle-ci qui comprend ce moment : a) tout transfert ou prêt, effectué au plus tard à ce moment par la personne donnée (ou par une fiducie ou une société de personnes dont elle est un bénéficiaire ou un associé, selon le cas), du bien donné, d’un autre bien auquel celui-ci a été substitué ou d’un bien dont le bien donné tire, ou dont l’autre bien tirait, tout ou partie de sa valeur, directement ou indirectement, est réputé être un transfert ou un prêt, selon le cas, effectué par la personne donnée, qui : (i) n’est pas un transfert sans lien de dépendance, (ii) est, pour l’application de l’alinéa (2)c) et du paragraphe (9), le transfert ou le prêt d’un bien d’exception; b) l’alinéa (2)c) s’applique compte non tenu de sous-alinéa (iii) en ce qui a trait à tout transfert ou prêt visé à l’alinéa a). Determination of contribution amount — restricted property Application of subsections (12) and (13) (b) the original trust Deemed resident contributor Deemed contributor (a) a contributor to the transferee trust; and Restricted property — exception (iii) serait réputé résider au Canada immédiatement avant ce moment par l’effet de l’alinéa (3)a) si le présent article, dans sa version applicable à l’année d’imposition 2013, s’appliquait compte non tenu de l’alinéa a) de la définition de contributeur rattaché au paragraphe (1) ni de l’alinéa a) de la définition de contributeur résident à ce paragraphe, (iii) était réputé résider au Canada immédiatement avant ce moment par l’effet du paragraphe (1), dans sa version applicable aux années d’imposition se terminant avant 2007, (iv) aurait été réputé résider au Canada immédiatement avant ce moment par l’effet du paragraphe (1), dans sa version applicable aux années d’imposition se terminant avant 2007, si cette version du paragraphe (1) s’appliquait compte non tenu du sous-alinéa b)(i)(A)(III); c) il est raisonnable de conclure que l’une des raisons du transfert ou du prêt consiste à permettre que soit évitée ou réduite une dette prévue par la présente partie découlant ou qui aurait autrement découlé de l’application du présent article (ou de l’application du présent article, dans sa version applicable aux années d’imposition se terminant avant 2007). Contributeur résident réputé
The amount of tax to be paid under subsection (1) is equal to 50% of the amount that would be determined for the purposes of section 110.1 or 118.1, if this Act were read without reference to subsections 110.1(3) and 118.1(6), to be the fair market value of the property referred to in subsection (1) if the property were given to
La fiducie d’origine visée au paragraphe (11) — y compris la fiducie qui a cessé d’exister — est réputée être, à compter du moment du transfert ou du prêt visé à ce même paragraphe, un contributeur résident de la fiducie cessionnaire pour l’application du présent article à cette fiducie cessionnaire. Contributeur réputé
(a) file with the Minister a return for the year under this Part in prescribed form and containing prescribed information without notice or demand therefor; (b) estimate in the return the amount of tax payable by it under this Part in respect of the year; and (c) pay to the Receiver General the amount of tax payable by it under this Part in respect of the year.
La personne — y compris celle qui a cessé d’exister — qui est un contributeur de la fiducie d’origine au moment du transfert ou du prêt visé au paragraphe (11) est réputée être, à compter de ce moment, à la fois : a) un contributeur de la fiducie cessionnaire; b) un contributeur rattaché de la fiducie cessionnaire si, à ce moment, la personne est un contributeur rattaché de la fiducie d’origine. Biens d’exception — exception
Subsections 150(2) and 150(3), sections 152 and 158, subsections 161(1) and 161(11), sections 162 to 167 and Division J of Part I are applicable to this Part with such modifications as the circumstances require. advantage, in relation to a retirement compensation arrangement, means (a) any benefit, loan or indebtedness that is conditional in any way on the existence of the arrangement, other than (i) a benefit derived from the provision of administrative or investment services in respect of the arrangement, (ii) a loan or an indebtedness the terms and conditions of which are terms and conditions that persons dealing at arm’s length with each other would have entered into, and (iii) a payment out of or under the arrangement that is included in computing a taxpayer’s income under Part I, and (b) a benefit that is an increase in the total fair market value of the subject property of the arrangement if it is reasonable to consider, having regard to all the circumstances, that the increase is attributable, directly or indirectly, to a transaction or event or a series of transactions or events one of the main purposes of which was to enable a person or a partnership to benefit from a provision of this Part, or from the exemption from tax under paragraph 149(1)(q.1), if the transaction, event or series (i) would not have occurred in a normal commercial or investment context in which parties deal with each other at arm’s length and prudently, knowledgeably and willingly, or (ii) included a payment received as, on account or in lieu of, or in satisfaction of, a payment (A) for services provided by a person who is, or does not deal at arm’s length with, a specified beneficiary of the arrangement, (B) of interest, of a dividend, of rent, of a royalty or of any other return on investment, or of proceeds of disposition, in respect of property (other than subject property of the arrangement) held by a person who is, or does not deal at arm’s length with, a specified beneficiary of the arrangement, (c) a benefit that is income or a capital gain that is reasonably attributable, directly or indirectly, to (i) a prohibited investment in respect of the arrangement, (ii) an amount received by a specified beneficiary of the arrangement, or by a person who does not deal at arm’s length with the specified beneficiary, if it is reasonable to consider, having regard to all the circumstances, that the amount was paid in relation to, or would not have been paid but for, subject property of the arrangement and the amount was paid as, on account or in lieu of, or in satisfaction of, a payment (A) for services provided by a person who is, or who does not deal at arm’s length with, the specified beneficiary, or excluded contribution means an amount paid or payable under a specified arrangement to obtain or renew a letter of credit or surety bond issued by a financial institution for the purposes of securing future retirement benefit payments out of or under the arrangement; (cotisation exclue) prohibited investment, for a retirement compensation arrangement at any time, means property (other than prescribed excluded property) that is at that time (b) a share of the capital stock of, an interest in, or a debt of (i) a corporation, partnership or trust in which the specified beneficiary has a significant interest, or (ii) a person or partnership that does not deal at arm’s length with, or is affiliated with, the specified beneficiary, (c) an interest (or, for civil law, a right) in, or a right to acquire, a share, interest or debt described in paragraph (a) or (b), or RCA strip, in respect of a retirement compensation arrangement, means the amount of a reduction in the fair market value of subject property of the arrangement, if the value is reduced as part of a transaction or event or a series of transactions or events one of the main purposes of which is to enable a specified beneficiary of the arrangement, or a person or a partnership who does not deal at arm’s length with the specified beneficiary, to benefit from a provision of this Part or to obtain a benefit in respect of subject property of the arrangement or as a result of the reduction, but does not include an amount that is included in computing the income of the specified beneficiary or of an employer or former employer of the specified beneficiary; (somme découlant d’un dépouillement de CR) RCA trust under a retirement compensation arrangement means (a) any trust deemed by subsection 207.6(1) to be created in respect of subject property of the arrangement, and (b) any trust governed by the arrangement; (fiducie de convention de retraite) refundable tax of a retirement compensation arrangement at the end of a taxation year of an RCA trust under the arrangement means the amount, if any, by which the total of (a) 50% of all contributions (other than an excluded contribution made on or after March 28, 2023) made under the arrangement while it was a retirement compensation arrangement and before the end of the year, and (b) 50% of the amount, if any, by which (i) the total of all amounts each of which is the income (determined as if this Act were read without reference to paragraph 82(1)(b)) of an RCA trust under the arrangement from a business or property for the year or a preceding taxation year or a capital gain of the trust for the year or a preceding taxation year, (ii) the total of all amounts each of which is a loss of an RCA trust under the arrangement from a business or property for the year or a preceding taxation year or a capital loss of the trust for the year or a preceding taxation year, (c) 50% of all amounts paid as distributions to one or more persons (including amounts that are required by paragraph 12(1)(n.3) to be included in computing the recipient’s income) under the arrangement while it was a retirement compensation arrangement and before the end of the year, other than a distribution paid where it is established, by subsequent events or otherwise, that the distribution was paid as part of a series of payments and refunds of contributions under the arrangement; (impôt remboursable) significant interest has the same meaning as in subsection 207.01(4); (participation notable) specified arrangement means a retirement compensation arrangement of which the primary purpose is to provide annual or more frequent periodic retirement benefit payments that are paid (a) as supplemental benefits provided out of or under (v) any combination of plans described in subparagraphs (i) to (iv), or (b) under an arrangement that would, in the absence of subsection 147.1(8) and section 8504 of the Income Tax Regulations, substantially comply with the prescribed conditions for registration for a registered pension plan under section 8501 of those Regulations; specified beneficiary, of a retirement compensation arrangement, means an individual who has an interest or a right in respect of the arrangement and who has or had a significant interest in an employer or former employer in respect of the arrangement; (bénéficiaire déterminé) subject property of a retirement compensation arrangement means property that is held in connection with the arrangement. (bien déterminé d’une convention de retraite)
Le bien donné qui est ou sera détenu, prêté ou transféré par une personne ou une société de personnes donnée à un moment donné n’est pas un bien d’exception qu’elle détient, prête ou transfère, selon le cas, à ce moment si, selon le cas : a) les conditions ci-après sont réunies : (i) le bien donné (et, le cas échéant, un bien auquel il est ou doit être substitué) n’a jamais été — et ne sera jamais — acquis, détenu, prêté ou transféré, en tout ou en partie, par la personne ou la société de personnes donnée, ou par toute personne ou société de personnes avec laquelle celle-ci a un lien de dépendance, dans le but de permettre que tout changement de la valeur des biens d’une société — qui est une société de personnes à un moment quelconque — soit attribué directement ou indirectement, de quelque manière que ce soit, à la valeur d’un bien détenu par une fiducie non résidente, (ii) le ministre est convaincu que le bien donné (et, le cas échéant, un bien auquel il est ou doit être substitué) est visé au sous-alinéa (i), (iii) le bien donné est indiqué dans un formulaire prescrit, contenant les renseignements prescrits, qui est présenté au ministre par la personne ou la société de personnes donnée ou pour son compte au plus tard : (A) dans le cas d’une personne, à la date d’échéance de production qui lui est applicable pour son année d’imposition qui comprend ce moment, (B) dans le cas d’une société de personnes, à la date limite où une déclaration doit être produite aux termes de l’article 229 du Règlement de l’impôt sur le revenu relativement à son exercice ou serait ainsi à produire si cet article s’appliquait à elle, (C) toute autre date que le ministre estime acceptable; b) à ce moment : (i) le bien donné est : (A) une action du capital-actions d’une société, (B) une participation fixe dans une fiducie, (C) une participation, à titre d’associé d’une société de personnes, aux termes de laquelle la responsabilité de l’associé à ce titre est limitée par la loi qui régit le contrat de société, (b) if at any time at or before a specified time in a trust’s taxation year, a resident contributor to the trust (ii) au moins 150 personnes détiennent chacune, à ce moment, des biens qui, à ce moment : (A) d’une part, sont identiques au bien donné, (B) d’autre part, ont une juste valeur marchande totale d’au moins 500 $, (iii) le total des sommes représentant chacune la juste valeur marchande, à ce moment, du bien donné (ou d’un bien identique détenu, à ce moment, par la personne ou la société de personnes donnée ou par une personne ou une société de personnes avec laquelle celle-ci a un lien de dépendance) n’excède pas 10 % du total des sommes représentant chacune la juste valeur marchande, à ce moment, du bien donné ou d’un bien identique détenu par une personne ou une société de personnes quelconque, (iv) des biens qui sont identiques au bien donné peuvent normalement être acquis et vendus par le public sur le marché libre, (v) le bien donné, ou un bien identique, est inscrit à la cote d’une bourse désignée. Anti-évitement
Despite the definition refundable tax in subsection 207.5(1), where the custodian of a retirement compensation arrangement so elects in the return under this Part for a taxation year of an RCA trust under the arrangement and all the subject property, if any, of the arrangement (other than a right to claim a refund under subsection 164(1) or 207.7(2)) at the end of the year consists only of cash, debt obligations, shares listed on a designated stock exchange, units of a mutual fund trust that are listed on a designated stock exchange, or any combination thereof, an amount equal to the total of (a) the amount of that cash at the end of the year, (b) the total of all amounts each of which is the greater of the principal amount of such a debt obligation outstanding at the end of the year and the fair market value of the obligation at the end of the year, and (c) the fair market value of those shares or units at the end of the year shall be deemed for the purposes of this Part to be the refundable tax of the arrangement at the end of the year. Limitation on election
Les règles ci-après s’appliquent au présent article : a) s’il est raisonnable de considérer, à l’égard d’une personne ou d’une société de personnes : (i) que l’une des principales raisons pour lesquelles elle est actionnaire d’une société à un moment donné consiste à faire en sorte que la condition énoncée à l’alinéa b) de la définition de société à peu d’actionnaires au paragraphe (1) soit remplie relativement à la société, la condition est réputée ne pas avoir été remplie à ce moment relativement à la société, (ii) que l’une des principales raisons pour lesquelles elle détient une participation dans une fiducie à un moment donné consiste à faire en sorte que la condition énoncée à la division h)(ii)(A) de la définition de fiducie étrangère exempte au paragraphe (1) soit remplie relativement à la fiducie, la condition est réputée ne pas avoir été remplie à ce moment relativement à la fiducie, (iii) que l’une des principales raisons pour lesquelles elle détient un bien à un moment donné consiste à faire en sorte que la condition énoncée au sous-alinéa (14)(b)(ii) soit remplie relativement au bien ou à un bien identique détenu par une A - B - C where personne, la condition est réputée ne pas avoir été remplie à ce moment relativement au bien ou au bien identique; b) si, au moment déterminé d’une année d’imposition donnée d’une fiducie ou antérieurement, un contribuable résident d’une fiducie fait un apport à la fiducie d’un bien qui est un bien d’exception ou d’un bien auquel un bien d’exception de la fiducie est substitué et que la fiducie est une fiducie étrangère exempte à ce moment par l’effet de l’alinéa f) de la définition de fiducie étrangère exempte au paragraphe (1), le montant du revenu de la fiducie pour l’année donnée provenant du bien d’exception et le montant de tout gain en capital imposable provenant de la disposition de ce bien par la fiducie au cours de l’année donnée entrent dans le calcul du revenu du contribuable résident pour son année d’imposition dans laquelle l’année donnée prend fin et non dans le calcul du revenu de la fiducie pour l’année donnée; c) si une fiducie est une fiducie étrangère exempte, par l’effet de l’alinéa h) de la définition de ce terme au paragraphe (1), à un moment donné de son année d’imposition (appelée « année de cotisation » au présent alinéa) se terminant (selon l’alinéa 6a)) au moment immédiatement avant le moment donné et que cette participation cesse d’être une telle participation au moment donné : (i) la fiducie est réputée, sauf pour l’application du paragraphe (6), ne pas être une fiducie étrangère exempte au cours de son année d’imposition (appelée « année de cotisation » au présent alinéa) se terminant (selon l’alinéa 6a)) au moment immédiatement avant le moment donné, (ii) la fiducie est tenue d’inclure dans le calcul de son revenu pour son année de cotisation une somme égale à la somme obtenue par la formule suivante : A - B - C où : A représente l’excédent du total des sommes représentant chacune la juste valeur marchande d’un bien détenu par la fiducie à la fin de son année de cotisation sur le total des sommes représentant chacune le principal impayé, à la fin de cette année, d’une dette de la fiducie, B l’excédent du total des sommes représentant chacune la juste valeur marchande d’un bien A/B × 42.92% where Attribution to electing contributors A/B × (C – D) where détenu par la fiducie au premier moment où elle compte un contribuable résident ou un bénéficiaire résident et où elle est une fiducie étrangère exempte (appelé « moment initial » au présent alinéa) sur le total des sommes représentant chacune le principal impayé, à ce moment, d’une dette de la fiducie, C le total des sommes représentant chacune le montant d’un apport fait à la fiducie au cours de la période commençant au moment initial et se terminant à la fin de son année de cotisation (appelée « période de majoration des intérêts » au présent alinéa), (iii) si la fiducie est redevable d’un impôt pour son année de cotisation, elle réputée avoir (en plus de tout excédent déterminé par ailleurs à son égard en vertu du paragraphe 161(1)), tout au long de la période commençant à la date d’exigibilité du solde qui lui est applicable pour chaque année d’imposition se terminant à la fois dans la période de majoration des intérêts et à la date d’exigibilité du solde qui lui est applicable pour son année de cotisation, un excédent pour l’application de ce paragraphe égal à la somme obtenue selon la formule suivante : A/B × 42,92 % où : A représente la somme déterminée selon le sous-alinéa (ii) relativement à la fiducie pour l’année donnée, B le nombre d’années d’imposition de la fiducie se terminant dans la période de majoration des intérêts. Attribution à des contribuants déterminés
Subsection (2) does not apply in respect of an RCA trust if any part of a decline in the fair market value of subject property of the retirement compensation arrangement is reasonably attributable to a prohibited investment for, or an advantage in relation to, the RCA trust unless the Minister is satisfied that it is just and equitable to allow the election to be made, having regard to all the circumstances, in which case, the Minister may adjust the amount deemed by subsection (2) to be the refundable tax of the arrangement to take into account all or part of the decline in the fair market value of the subject property. Creation of trust
Les règles ci-après s’appliquent dans le cas où une fiducie compte un contribuant déterminé à un moment déterminé de son année d’imposition (appelée « année de la fiducie » au présent paragraphe) : a) le contribuant déterminé est tenu d’inclure, dans le calcul de son revenu pour son année d’imposition (appelée « année du contribuable » au présent paragraphe) dans laquelle l’année de la fiducie prend fin, la somme obtenue selon la formule suivante : A/B × (C – D) où : A représente le total des sommes représentant chacune : (i) si, au moment déterminé ou antérieurement, le contribuable a fait un apport à la fiducie et n’est pas un contribuable conjoint relativement à celle-ci et à l’apport, le montant de l’apport, (ii) si, au moment déterminé ou antérieurement, le contribuable a fait un apport à la fiducie et est un contribuable conjoint relativement à celle-ci et à l’apport, le résultat de la division du montant de l’apport par le nombre de contribuables conjoints relativement à l’apport, B le total des sommes représentant chacune la valeur qu’aurait l’élément A pour chaque contribuable résident ou contribuable rattaché de la fiducie au moment déterminé si tous ces contribuables étaient des contribuables déterminés à l’égard de la fiducie, C le revenu de la fiducie, calculé compte non tenu de l’alinéa f), pour l’année de la fiducie, D la somme déduite par la fiducie en application de l’article 111 dans le calcul de son revenu imposable pour l’année de la fiducie; b) sous réserve de l’alinéa c), la somme, le cas échéant, tenue d’être incluse dans le revenu du contribuable déterminé pour l’année du contribuable en application de l’alinéa a) est réputée être un revenu de biens provenant d’une source au Canada; c) pour l’application du présent alinéa, de l’alinéa d) et de l’article 126, toute somme relative au revenu de la fiducie pour l’année de la fiducie provenant d’une source située dans un pays étranger est réputée être un revenu du contribuable déterminé pour l’année du contribuable provenant de cette source si, à la fois : (i) la somme est attribuée au contribuable déterminé par la fiducie dans sa déclaration de revenu produite en vertu de la présente partie pour l’année de la fiducie, (ii) il est raisonnable de considérer, compte tenu des circonstances, y compris les modalités de la fiducie, que la somme fait partie de celle qui, par l’effet de l’alinéa a), a été incluse dans le calcul du revenu du contribuable déterminé pour l’année du contribuable, (iii) le total des sommes attribuées par la fiducie, en vertu du présent alinéa ou du paragraphe 104(22), relativement à cette source, dans sa déclaration de revenu produite en vertu de la présente partie pour l’année de la fiducie, n’excède pas son revenu provenant de cette source pour cette année; d) pour l’application du présent alinéa et de l’article 126, le contribuable déterminé est réputé avoir payé, à A × B/C where
(a) a trust is deemed to be created on the day that the arrangement is established; (b) the subject property of the arrangement is deemed to be property of the trust and not to be property of any other person; and (c) the custodian of the arrangement is deemed to be the trustee having ownership or control of the trust property.
A × B/C où : A représente la somme qui, en l’absence du sous-alinéa e)(i), représenterait l’impôt sur le revenu tiré d’une entreprise ou l’impôt sur le revenu ne provenant pas d’une entreprise, selon le cas, payé par la fiducie relativement à cette source pour l’année de la fiducie, B le total des sommes représentant chacune une somme attribuée au contributeur déterminée par le fiduciaire, selon l’alinéa c), relativement à cette source, dans la déclaration de revenu de la fiducie pour l’année de la fiducie, et C le revenu de la fiducie pour l’année de la fiducie provenant de cette source; e) pour l’application du paragraphe 20(12) et de l’article 126 relativement à l’année de la fiducie : (i) d’une part, est déduit dans le calcul du revenu de la fiducie provenant d’une source pour l’année de la fiducie le total des sommes représentant chacune une somme réputée par l’alinéa c) être un revenu du contributeur déterminé provenant de cette source pour l’année du contributeur, (ii) d’autre part, est déduit dans le calcul de l’impôt sur le revenu tiré d’une entreprise ou de l’impôt sur le revenu ne provenant pas d’une entreprise payé par la fiducie pour l’année de la fiducie relativement à une source le total des sommes relatives à cette source dont chacune représente une somme réputée par l’alinéa d) être un montant déterminé à titre d’impôt sur le revenu tiré d’une entreprise ou sur le revenu ne provenant pas d’une entreprise, selon le cas, relativement à cette source; f) est déductible dans le calcul du revenu de la fiducie pour l’année de la fiducie une somme n’excédant pas la somme incluse, par l’effet de l’alinéa a), dans le revenu du contributeur déterminé pour l’année du contributeur; g) si, avant le montant déterminé, le contributeur déterminé a fait un apport à la fiducie dans le cadre d’une série d’opérations dans le cadre de laquelle une autre Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this Part and Part I, where by virtue of a plan or arrangement an employer is obliged to provide benefits that are to be received or enjoyed by any person on, after or in contemplation of any substantial change in the services rendered by a taxpayer, the Restriction retirement of a taxpayer or the loss of an office or employment of a taxpayer, and where the employer, former employer or a person or partnership with whom or which the employer or former employer does not deal at arm’s length acquires an interest in a life insurance policy that may reasonably be considered to be acquired to fund, in whole or in part, those benefits, the following rules apply in respect of the plan or arrangement if it is not otherwise a retirement compensation arrangement and is not excluded from the definition retirement compensation arrangement, in subsection 248(1), by any of paragraphs (a) to (l) and (n) thereof: (a) the person or partnership that acquired the interest is deemed to be the custodian of a retirement compensation arrangement; (b) the interest is deemed to be subject property of the retirement compensation arrangement; (c) an amount equal to twice the amount of any premium paid in respect of the interest or any repayment of a policy loan thereunder is deemed to be a contribution under the retirement compensation arrangement; and (d) any payment received in respect of the interest, including a policy loan, and any amount received as a refund of refundable tax is deemed to be an amount received out of or under the retirement compensation arrangement by the recipient and not to be a payment of any other amount. Incorporated employee
A - B - C where --- Impôt sur le revenu
For the purpose of the provisions of this Act relating to retirement compensation arrangements, where (a) a corporation at any time carried on a personal services business, or an employee of the corporation, enters into a plan or arrangement with a person or partnership (referred to in this subsection as the “employer”) to whom or which the corporation renders services, and (b) the plan or arrangement provides for benefits to be received or enjoyed by any person on, after or in contemplation of the cessation of, or any substantial change in, the services rendered by the corporation, or an employee of the corporation, to the employer, the following rules apply: (c) the employer and the corporation are deemed to be an employer and employee, respectively, in relation to each other, and (d) any benefits to be received or enjoyed by any person under the plan or arrangement are deemed to be benefits to be received or enjoyed by the person on, after or in contemplation of a substantial change in the services rendered by the corporation. Deemed contribution
Where at any time an employee benefit plan becomes a retirement compensation arrangement as a consequence of a change of the custodian of the plan or as a consequence of the custodian ceasing either to carry on business through a fixed place of business in Canada or to be licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada the business of offering to the public its services as trustee, (a) for the purposes of this Part and Part I, the custodian of the plan is deemed to have made a contribution to the arrangement immediately after that time, in an amount equal to the fair market value at that time of all the properties of the plan; and (b) for the purposes of section 32.1, that amount is deemed to be a payment made at that time out of or under the plan to the employees or former employees of the employers who contributed to the plan. Residents’ arrangement
For the purposes of this Act, where a resident’s contribution has been made under a plan or arrangement (in this subsection referred to as the “plan”), (a) the plan is deemed, in respect of its application to all resident’s contributions made under the plan and all property that can reasonably be considered to be derived from those contributions, to be a separate arrangement (in this subsection referred to as the “resident’s arrangement”) independent of the plan in respect of its application to all other contributions and property that can reasonably be considered to derive from those other contributions; (b) the residents’ arrangement is deemed to be a retirement compensation arrangement; and (c) each person and partnership to whom a contribution is made under the residents’ arrangement is deemed to be a custodian of the residents’ arrangement. (5.1) For the purpose of subsection 207.6(5), resident’s contribution means such part of a contribution made under a plan or arrangement (in this subsection referred to as the “plan”) at a time when the plan would, but for paragraph (h) of the definition retirement compensation arrangement in subsection 248(1), be a retirement compensation arrangement as (a) is not a prescribed contribution; and (b) can reasonably be considered to have been made in respect of services rendered by an individual to an employer in a period (i) throughout which the individual was resident in Canada and rendered services to the employer that were primarily services rendered in Canada or services rendered in connection with a business carried on by the employer in Canada (or a combination of such services), and (ii) at the beginning of which the individual had been resident in Canada throughout at least 60 of the 72 preceding calendar months, where the individual was non-resident at any time before the period and became a member of the plan before the end of the month after the month in which the individual became resident in Canada, and, for the purpose of this paragraph, where benefits provided to an individual under a particular plan or arrangement are replaced by benefits under another plan or arrangement, the other plan or arrangement shall be deemed, in respect of the individual, to be the same plan or arrangement as the particular plan or arrangement. Prescribed plan or arrangement
For the purposes of the provisions of this Act relating to retirement compensation arrangements, the following rules apply in respect of a prescribed plan or arrangement: (a) the plan or arrangement shall be deemed to be a retirement compensation arrangement; (b) an amount credited at any time to the account established in the accounts of Canada or a province in connection with the plan or arrangement shall be, except to the extent that it is in respect of a refund determined under subsection 207.7(2), deemed to be a contribution under the plan or arrangement at that time; (c) the custodian of the plan or arrangement shall be deemed to be (i) where the account is established in the accounts of Canada, Her Majesty in right of Canada, and (ii) where the account is established in the accounts of a province, Her Majesty in right of that province; and (d) the subject property of the plan or arrangement, at any time, shall be deemed to include an amount of cash equal to the balance at that time in the account. Transfers
Responsabilité — apport conjoint
Where an amount (other than an amount that is part of a series of periodic payments) is transferred directly to a retirement compensation arrangement (other than an arrangement the custodian of which is non-resident or which is deemed by subsection 207.6(5) to be a retirement compensation arrangement) from another retirement compensation arrangement, (a) the amount shall not, solely because of the transfer, be included in computing a taxpayer’s income under Part I; (b) no deduction may be made in respect of the amount in computing a taxpayer’s income under Part I; and (c) the amount is considered, for the purpose of the definition refundable tax in subsection 207.5(1), to be paid as a distribution to one or more persons under the arrangement from which the amount is transferred and to be a contribution made under the arrangement to which the amount is transferred. Tax payable on prohibited investment
Les règles ci-après s’appliquent dans le cas où une fiducie compte, à un moment donné de son année d’imposition (appelée « année de la fiducie » au présent paragraphe ou antérieurement), un contribuable déterminé qui est un cotisant conjoint relativement à un apport fait à la fiducie : a) chaque personne qui est un cotisant conjoint relativement à l’apport : (i) d’une part, partage solidairement, en ce qui a trait à l’apport, les droits et obligations qu’a, en vertu des sections I et J, chaque autre personne (appelée « personne déterminée » au présent paragraphe) qui est, au moment déterminé ou antérieurement, un cotisant conjoint relativement à cet apport, pour l’année d’imposition de la personne déterminée dans laquelle l’année de la fiducie prend fin, (ii) d’autre part, est assujettie à la partie XV relativement à ces droits et obligations; b) la somme maximale qui est recouvrable en vertu des dispositions mentionnées à l’alinéa a) à un moment donné de la personne relativement à l’apport et à une année d’imposition, d’une autre personne qui est la personne déterminée, dans laquelle l’année de la fiducie prend fin correspond à la somme obtenue par la formule suivante : A - B - C où : A représente le total des sommes payables par la personne déterminée en vertu de la présente partie pour son année d’imposition dans laquelle l’année de la fiducie prend fin, B la somme qui représenterait la valeur de l’élément A si le total des sommes payables par la personne déterminée en vertu de la présente partie pour son année d’imposition dans laquelle l’année de la Income Tax PART I Income Tax DIVISION D Computation of Income
(a) the arrangement acquires property that is a prohibited investment for the arrangement; or (b) subject property of the arrangement becomes a prohibited investment for the arrangement after March 29, 2012. Amount of tax payable
[NOTE: Application provisions are not included in the consolidated text; see relevant amending acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 94.1; 1994, c. 7, Sch. II; c. 7, Sch. VII, s. 49; 1997, c. 25, s. 20; 2001, c. 17, s. 72; 2013, c. 34, s. 17; c. 4, s. 42; 2014, c. 39, s. 238; 2016, c. 12, s. 11; c. 12, s. 30; 2017, c. 33, s. 29.] Offshore investment fund property (ii) indebtedness or annuities, (iv) commodities, (v) real estate, (vi) Canadian or foreign resource properties, (vii) currency of a country other than Canada, (viii) rights or options to acquire or dispose of any of the foregoing, or Impôt sur le revenu
The amount of tax payable in respect of each property described in subsection (1) is 50% of the fair market value of the property at the time referred to in that subsection.
If in a calendar year an RCA trust disposes of a property in respect of which a tax is imposed under subsection (1) on the custodian of the retirement compensation arrangement, the custodian is entitled to a refund for the year of an amount equal to (a) the amount of the tax so imposed, unless paragraph (b) applies; or (i) if it is reasonable to consider that the custodian, or a specified beneficiary of the arrangement, knew, or ought to have known, at the time the property was acquired by the arrangement, that it was, or would become, a property described in subsection (1), or (ii) if the property is not disposed of by the arrangement before the end of the calendar year following the calendar year in which the tax arose, or any later time that the Minister considers reasonable in the circumstances. Deemed disposition and reacquisition
If, at any time, a property held by an RCA trust ceases to be, or becomes, a prohibited investment for the RCA trust, the RCA trust is deemed to have disposed of the property immediately before that time for proceeds of disposition equal to the fair market value of the property at that time and to have reacquired the property at that time at a cost equal to that fair market value. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2012, c. 31, s. 45. Tax payable in respect of advantage
Amount of tax payable
C la somme recouvrée avant le moment donné de la personne déterminée et de tout autre contribuable conjoint relativement à la fiducie et à l’apport, au titre de l’obligation de la personne déterminée relativement à l’apport. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir lois et règlements modificatifs appropriés: L.R., 1985, ch. 1 (5e suppl.), art. 94.1; 1994, ch. 7, ann. II; ch. 7, ann. VII, art. 49; 1997, ch. 25, art. 20; 2001, ch. 17, art. 72; 2013, ch. 34, art. 17; ch. 4, art. 42; 2014, ch. 39, art. 238; 2016, ch. 12, art. 11; ch. 12, art. 30; 2017, ch. 33, art. 29.] Bien d’un fonds de placement non-résident
The amount of tax payable in respect of an advantage described in subsection (1) is (a) in the case of a benefit, the fair market value of the benefit; (b) in the case of a loan or an indebtedness, the amount of the loan or indebtedness. (b) in the case of a loan or an indebtedness, the amount of the loan or indebtedness; and (c) in the case of an RCA strip, the amount of the RCA strip. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2012, c. 31, s. 45. Joint liability
a) il est une action du capital-actions d’une entité non-résidente (autre qu’une société étrangère affiliée contrôlée du contribuable ou une entité non-résidente prescrite) ou un droit ou une participation dans une telle action, participation ou créance, b) sa valeur peut raisonnablement être considérée comme découlant principalement, directement ou indirectement, de placements de portefeuille de cette même entité ou de toute autre entité non-résidente : (i) en actions du capital-actions d’une ou de plusieurs sociétés, (ii) en créances ou en rentes, (iii) en participations dans un ou plusieurs fonds ou organismes ou dans une ou plusieurs sociétés, fiducies, sociétés de personnes ou entités, (iv) en marchandises, (v) en biens immeubles, (vi) en avoirs miniers canadiens ou étrangers, (vii) en monnaie autre que la monnaie canadienne, (viii) en droits ou options d’achat ou de disposition de l’une des valeurs qui précèdent, (ix) en toute combinaison de ce qui précède, et que l’on peut raisonnablement conclure, compte tenu des circonstances, y compris : Income Tax PART I Income Tax DIVISION B Computation of Income
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2012, c. 31, s. 45. Waiver of tax payable
(ii) 1/12 of the total of (B) two per cent exceeds Definitions Impôt sur le revenu
(a) whether the tax arose as a consequence of reasonable error; and (b) the extent to which the transaction or event or series of transactions or events that gave rise to the tax also gave rise to another tax under this Act. Deemed distribution
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2012, c. 31, s. 45.
of the arrangement at the end of the year exceeds the re- fundable tax of the arrangement at the end of the imme- diately preceding taxation year, if any.
Where the custodian of a retirement compensation arrangement has filed a return under this Part for a taxa- tion year within three years after the end of the year, the Minister (a) may, on sending the notice of assessment for the year or a notification that no tax is payable for the year, refund without application an amount equal to the amount, if any, by which the refundable tax of the arrangement at the end of the immediately preceding year exceeds the refundable tax of the arrangement at the end of the year; and (b) shall, with all due dispatch, make such a refund af- ter sending the notice of assessment if application for it has been made in writing by the custodian within three years after the day of sending of a notice of an original assessment for the year or of a notification that no tax is payable for the year.
d) la nature, l’organisation et les activités de toute entité non-résidente, ainsi que les formalités et les conditions régissant la participation du contribuable dans toute entité non-résidente ou les liens qu’il a avec une telle entité; e) la mesure dans laquelle les revenus, bénéfices et gains qu’il est raisonnable de considérer comme ayant été gagnés ou accumulés, directement ou indirectement, au profit de toute entité non-résidente sont assujettis à un impôt sur le revenu ou sur les bénéfices qui est considérablement moins élevé que l’impôt sur le revenu dont ces revenus, bénéfices et gains auraient été frappés s’ils étaient gagnés directement par le contribuable; f) le total des montants dont chacun est le produit de la multiplication du montant visé au sous-alinéa (i) par le quotient visé au sous-alinéa (ii): (i) le coût désigné, pour le contribuable, du bien d’un fonds de placement non-résident à la fin d’un mois donné de l’année, (ii) 1/12 du total des pourcentages suivants : (A) le taux d’intérêt prescrit pour la période comprenant ce mois, (B) deux pour cent; g) le revenu du contribuable pour l’année (autre qu’un gain en capital) tiré d’un bien d’un fonds de placement non-résident et déterminé compte non tenu du présent paragraphe. Définitions
Every custodian of a retirement compensation ar- rangement shall, within 90 days after the end of each tax- ation year of an RCA trust under the arrangement, (a) file with the Minister a return for the year under this Part in prescribed form and containing prescribed information, without notice or demand therefor; (b) estimate in the return the amount of tax, if any, payable by the custodian under this Part for the year; and (c) pay to the Receiver General the amount of tax, if any, payable by the custodian under this Part for the year.
Les définitions qui suivent s’appliquent au présent article. A + B + C + D where D is Income Tax PART I Income Tax DIVISION B Computation of Income
Subsections 150(2) and 150(3), sections 152 and 158, subsections 161(1) and 161(11), sections 162 to 167 and Division J of Part I are applicable to this Part with such modifications as the circumstances require. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1987, c. 46, s. 62; 2010, c. 25, s. 63. eligible employer means an employer that paid an amount, or that has a predecessor employer (as defined in subsection 8500(1) of the Income Tax Regulations) that paid an amount, before March 28, 2023, under a specified arrangement that is an excluded contribution. (employeur admissible) A is the amount elected under paragraph (2)(c); and B is the total of all amounts, if any, each of which is a refund as determined under subsection (3), in respect of a preceding taxation year. (impôt remboursable déterminé) (a) an eligible employer, or the custodian of the arrangement, paid a refundable tax under this Part with respect to an excluded contribution made under the arrangement before March 28, 2023; (b) the eligible employer files an election with the Minister in prescribed form and manner; and (c) the election includes an elected amount that does not exceed the total amount of refundable tax paid with respect to excluded contributions made under the arrangement before March 28, 2023.
exceeds except that the designated cost of an offshore investment fund property that is a prescribed offshore investment fund property is nil; (coût désigné) (c) an exempt foreign trust (other than a trust described in any of paragraphs (a) to (g) of the definition exempt foreign trust in subsection 94(1)). (entité non-résidente) Interpretation [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 94.1; 1986, c. 19, s. 121; 2013, c. 34, s. 48. Impôt sur le revenu
If this subsection applies to a specified arrangement, the Minister may refund to the eligible employer, or to the custodian of the arrangement, an amount claimed on the return for a taxation year described in subsection 207.7(3), not exceeding the lesser of (a) 50% of all retirement benefits paid in the taxation year directly by the eligible employer for the benefit of beneficiaries whose retirement benefits were secured under the specified arrangement with a letter of credit or surety bond issued by a financial institution, and Refundable tax definition
If an eligible employer claims a refund under subsection (3) for a taxation year, paragraph (c) of the definition refundable tax in subsection 207.5(1) is to be read as follows: (c) the total of (i) 50% of all amounts paid as distributions to one or more persons (including amounts that are required by paragraph 12(1)(n.3) to be included in computing the recipient’s income) under the arrangement while it was a retirement compensation arrangement and before the end of the year, other than a distribution paid where it is established, by subsequent events or otherwise, that the distribution was paid as part of a series of payments and refunds of contributions under the arrangement, and [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] | 2024, c. 15, s. 57. Tax on Excess EPSP Amounts Excess EPSP amount
A is the portion of the total of all amounts paid by the employer of the specified employee (or by a corporation with which the employer does not deal at arm’s length) to a trust governed by an employees profit sharing plan that is allocated for the year to the specified employee; and B is the specified employee’s total income for the year from an office or employment with the employer computed without reference to paragraph 6(1)(d) and sections 7 and 8.
If a specified employee has an excess EPSP amount for a taxation year, the specified employee shall pay a tax for the year equal to the amount determined by the formula A is the highest individual percentage for the year; (a) if the specified employee is resident in Quebec at the end of the year, 0%, (b) if the specified employee is resident in a province other than Quebec at the end of the year, the highest percentage rate of tax, including surtaxes but not taxes that are limited to a maximum amount, imposed by the province for the year on the income of an individual who is a resident of the province, or (c) in any other case, the percentage (rounded to the nearest half percentage, or where it is equidistant from two such consecutive half percentages, to the higher of the two) determined by the formula E is the highest individual percentage for the year, and F is the percentage referred to in subsection 120(1); and C is the total of all excess EPSP amounts of the specified employee for the year. Waiver or cancellation
été égal à sa juste valeur marchande au moment où il l’a acquis, (B) le total des montants représentant chacun un montant qui, par l’effet du présent article, a été inclus au titre du bien dans le calcul du revenu du contribuable pour une année d’imposition qui a commencé avant le 20 juin 1996. Toutefois le coût désigné d’un bien d’un fonds de placement non-résident qui est un bien, visé par règlement, d’un fonds de placement non-résident est nul. (designated cost) entité non-résidente Est une entité non-résidente à un moment donné : a) la société qui est non-résidente à ce moment; b) la société de personnes, l’organisme, le fonds ou l’entité qui, à ce moment, est non-résident ou n’est pas situé au Canada; c) une fiducie étrangère exemptée, sauf une fiducie visée à l’un des alinéas a) à g) de la définition de fiducie étrangère exemptée au paragraphe 94(1). (non-resident entity) Interprétation
If a specified employee would otherwise be liable to pay a tax under subsection (2), the Minister may waive or cancel all or part of the liability if the Minister considers it just and equitable to do so having regard to all the circumstances. Return and payment of tax
Pour l’application du paragraphe (1) en ce qui concerne un droit sur un bien d’un fonds de placement non-résident : a) détenu par le contribuable le 15 février 1984; b) reçu comme dividende en actions à l’égard d’une action du capital-actions d’une entité non-résidente détenue par le contribuable le 15 février 1984; c) reçu comme dividende en actions à l’égard d’une action du capital-actions d’une entité non-résidente que le contribuable avait précédemment reçue à titre de dividende conformément à l’alinéa b); d) substitué à un bien détenu par le contribuable le 15 février 1984 conformément à un arrangement qui existait à cette date, la mention « 1984 », aux éléments B et D figurant à la définition de coût désigné, au paragraphe (2), doit être remplacée par la mention « 1985 ». [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 94.1; 1986, ch. 19, art. 121; 2013, ch. 34, art. 48. (b) either (i) resident beneficiary, (ii) mutual fund, Placements dans des fiducies commerciales non-résidentes
Every person who is liable to pay tax under this Part for a taxation year shall (a) on or before the person’s filing-due date for the year, file with the Minister a return for the year under this Part in prescribed form and containing prescribed information; and
a) la fiducie est, à ce moment, une fiducie étrangère exempte, sauf une fiducie visée à l’un des alinéas a) à g) de la définition de fiducie étrangère exempte au paragraphe 94(1); b) le cas : (i) la juste valeur marchande totale, à ce moment, des participations fixes d’une catégorie donnée de la fiducie, détenues par le bénéficiaire, par des personnes ou des sociétés de personnes avec lesquelles il a un lien de dépendance avec celui-ci ou par des personnes ou des sociétés de personnes ayant acquis leurs participations en contrepartie d’une contrepartie donnée à la fiducie par le bénéficiaire, correspond à au moins 10 % de la juste valeur marchande totale, à ce moment, des participations fixes de la catégorie donnée, (ii) le bénéficiaire ou la personne donnée a fait un apport de biens d’exception à la fiducie au plus tard à ce moment; c) à ce moment, le bénéficiaire est : (i) un bénéficiaire résident, (ii) un fonds commun de placement, (iii) une société étrangère affiliée contrôlée de la personne donnée, (iv) une société de personnes dont une personne visée à l’un des sous-alinéas (i) à (iii) est un associé. Société réputée
(b) on or before the person’s balance-due day for the year, pay to the Receiver General the amount of tax payable under this Part by the person for the year. Provisions applicable to this Part
En cas d’application du présent paragraphe à un moment donné au bénéficiaire d’une fiducie ou à une personne donnée relativement à une fiducie, pour l’application du présent article, de l’article 18.2, des paragraphes 91(1) à (4), de l’alinéa 94.1(1)a), de l’article 95, de la définition de dépense d’intérêts et de financement restreinte au paragraphe 111(8) et de l’article 233.4 au bénéficiaire et, le cas échéant, à la personne donnée relativement à la fiducie : a) la fiducie est réputée être, à ce moment, une société non-résidente qui, à la fois :
Subsections 150(2) and (3), sections 152, 155 to 156.1, 158 to 160.1, 161 and 161.2 to 167 and Division J of Part I apply to this Part with any modifications that the circumstances require. Tax in Respect of Employee Life and Health Trust
For the purposes of applying subsection 91(1) to the beneficiary and, if applicable, to the particular person, to whom subsection (2) applies Request for information (i) est contrôlée par le bénéficiaire ainsi que par la personne donnée, (ii) pour chaque catégorie donnée de participations fixes dans la fiducie, une catégorie distincte de capital-actions de 100 actions émises qui présentent les mêmes caractéristiques que les participations de la catégorie donnée; b) chaque bénéficiaire de la fiducie est réputé détenir, à ce moment, le nombre d’actions de chaque catégorie distincte visée au sous-alinéa a)(ii) égal à la proportion de 100 que représente la juste valeur marchande à ce moment des participations fixes de ce bénéficiaire de la catégorie donnée correspondante de participations fixes dans la fiducie et la juste valeur marchande à ce moment de l’ensemble des participations fixes de la catégorie donnée. Élimination de la double imposition
participating employer of an employee life and health trust means an employer that provides designated employee benefits for its employees through a trust that meets the conditions described in subsection 144.1(2). (employer participant) prohibited investment, at any time for an employee life and health trust, means property that is at that time (a) a share of the capital stock of, an interest in or a debt of (i) a participating employer of the employee life and health trust, or (ii) a person or partnership that does not deal at arm’s length with a participating employer of the employee life and health trust; or (b) an interest (or, for civil law, a right in), or a right to acquire, a share, interest or debt described in paragraph (a). (placement interdit)
Pour l’application du paragraphe 91(1) au bénéficiaire, le cas échéant, à la personne donnée auxquels le paragraphe (2) s’applique a) est déductible dans le calcul du revenu étranger accumulé, tiré de biens de la fiducie visée à l’alinéa (2)a) (appelée « entité » au présent paragraphe) pour une année d’imposition donnée de l’entité la somme qui, en l’absence de ce paragraphe, correspondrait à la partie du revenu étranger accumulé, tiré de biens de l’entité qu’il serait raisonnable de considérer, si la présente partie s’appliquait à l’ensemble des bénéficiaires de l’entité, comme ayant été incluse en application du paragraphe 104(13) dans le calcul du revenu d’un bénéficiaire de l’entité pour une année d’imposition dans laquelle l’année donnée prend fin; b) le paragraphe 5904(2) du Règlement de l’impôt sur le revenu s’applique compte non tenu de son alinéa a) lorsqu’il s’agit de déterminer le droit à l’attribution de l’ensemble des actions d’une catégorie de capital-actions de l’entité à la fin de l’année donnée. Demande de renseignements
Tax payable on prohibited investment
Si le ministre présente à un contribuable une demande écrite signifiée à personne ou par courrier recommandé afin d’obtenir des renseignements supplémentaires qui lui permettent de déterminer la juste valeur marchande des participations dans une fiducie pour l’application des paragraphes (1) à (3) au contribuable pour une année d’imposition, mais qu’il ne reçoit pas, dans les 120 jours suivant l’envoi de la demande (ou dans tout délai plus long qui est raisonnable et acceptable), ces renseignements qu’il est raisonnable de considérer comme étant suffisants pour faire cette détermination, pour l’application Income Tax PART I Income Tax DIVISION B Computation of Income
A trust shall pay a tax under this Part for a calendar year if, at any time in the year while the trust is an employee life and health trust, (a) the trust acquires property that is a prohibited investment for the trust; or (b) income is received or becomes receivable by the trust from, or the trust has a taxable capital gain from the disposition of, a prohibited investment for the trust. Amount of tax payable
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: I 2013, c. 34, s. 9; 2014, c. 39, s. 86; 2024, c. 15, s. 23. 95 (1) In this Subdivision, (c) a non-qualifying business of the foreign affiliate; (entreprise exploitée activement) Impôt sur le revenu
The amount of tax payable under subsection (2) is (a) if paragraph (2)(a) applies, 50% of the fair market value of the property at the time it is acquired; and (b) if paragraph (2)(b) applies, 50% of the income or the taxable capital gain.
If in a calendar year a trust disposes of a property in respect of which a tax is imposed on the trust under subsection (2), the trust is entitled to a refund for the year of an amount equal to (a) the amount of the tax so imposed, unless paragraph (b) applies; or (i) it is reasonable to consider that the trustees knew, or ought to have known, at the time the property was acquired that it was, or would become, a property described in subsection (2), or (ii) the property is not disposed of by the trust before the end of the calendar year following the calendar year in which the tax arose, or any later time that the Minister considers reasonable in the circumstances. Deemed disposition and reacquisition
If, at any time, a property held by an employee life and health trust ceases to be, or becomes, a prohibited investment for the employee life and health trust, the employee life and health trust is deemed to have disposed of the property immediately before that time for proceeds of disposition equal to the fair market value of the property at that time and to have reacquired the property at that time at a cost equal to that fair market value. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2021, c. 23, s. 50. Tax in Respect of Certain Royalties, Taxes, Lease Rentals, Etc., Paid to a Government by a Tax Exempt Person Tax on Carved-out Income carved-out income of a person for a taxation year from a carved-out property means the amount, if any, by which (a) the person’s income for the year attributable to the property computed under Part I on the assumption that in computing income no deduction was allowed under section 20, Subdivision E of Division B of Part I or section 104, exceeds the total of (b) the amount deducted under subsection 66.4(2) in computing the person’s income for the year to the extent that it may reasonably be considered to be attributable to the property, and (c) to the extent that the property is an interest in a bituminous sands deposit or oil shale deposit, the amount deducted under subsection 66.2(2) in computing the person’s income for the year to the extent that it can reasonably be considered to be attributable to carved-out property of a person means (i) all or substantially all of the amount that the person is or may become entitled to receive in respect of the property may reasonably be considered to be limited to a maximum amount or to an amount determinable by reference to a stated quantity of production from a mineral resource or an accumulation of petroleum, natural gas or related hydrocarbons, (ii) the period of time during which the person’s interest in the income attributable to the property may reasonably be expected to continue is (A) where the property is a head lease or may reasonably be considered to derive from a head lease, less than the lesser of 10 years and the remainder of the term of the head lease, and (B) in any other case, less than 10 years, (iii) the person’s interest in the income attributable to the property, expressed as a percentage of production for any period, may reasonably be expected to be reduced substantially, (A) where the property is a head lease or may reasonably be considered to derive from a head lease, at any time before (I) the expiration of a period of 10 years commencing when the property was acquired, or (II) the expiration of the term of the head lease, whichever occurs first, and (B) in any other case, at any time before the expiration of a period of 10 years commencing when the property was acquired, or (iv) another person has a right under an arrangement to acquire, at any time, the property or a portion thereof or a similar property from the person and it is reasonable to consider that one of the main reasons for the arrangement, or any series of transactions or events that includes the arrangement, was to reduce or postpone tax that would, but for this subparagraph, be payable under this Part, or (b) an interest in a partnership or trust that is a mining royalty interest, if it is reasonable to consider that one of the main reasons for the arrangement, or any series of transactions or events that includes the arrangement, was to reduce or postpone tax that would, but for this paragraph, be payable under this Part, but does not include (c) an interest that, by reason of the application of the law, gives the person no right to acquire the property under the arrangement, in accordance with a (b) an interest in a partnership or trust that holds a Canadian resource property where it is reasonable to consider that one of the main reasons for the existence of the interest is to reduce or postpone the tax that would, but for this paragraph, be payable under this Part, but does not include (c) an interest, or for civil law a right, in respect of a property that was acquired by the person solely in consideration of the person’s undertaking under an agreement to incur Canadian exploration expense or Canadian development expense in respect of the property and, where the agreement so provides, to acquire gas or oil well equipment (as defined in subsection 1104(2) of the Income Tax Regulations) in respect of the property, (c.1) an interest, or for civil law a right, in respect of a property that was retained by the person under an agreement under which another person obtained an absolute or conditional right to acquire another interest, or for civil law another right in respect of the property, if the other interest or right is not carved-out property of the other person because of paragraph (c), (d) a particular property acquired by the person under an agreement solely as consideration for the sale of a Canadian resource property (other than a property that, immediately before the sale was a carved-out property of the person) that relates to the particular property except where it is reasonable to consider that one of the main reasons for the arrangement, or any series of transactions or events that includes the arrangement, was to reduce or postpone tax that would, but for this paragraph, be payable under this Act, (e) a property retained or reserved by the person out of a Canadian resource property (other than a property that, immediately before the transaction by which the retention or reservation is made, was a carved-out property of the person) that was disposed of by the person except where it is reasonable to consider that one of the main reasons for the retention or reservation, or any series of transactions or events in which the property or interest was retained or reserved, was to reduce or postpone tax that would, but for this paragraph, be payable under this Act, (f) a property acquired by the person from a taxpayer with whom the person did not deal at arm’s length at the time of the acquisition and the property was acquired by the taxpayer or a person with whom the taxpayer did not deal at arm’s length (i) pursuant to an agreement in writing to do so entered into before July 20, 1985, or except where it is reasonable to consider that one of the main reasons for the acquisition of the property, or any series of transactions or events in which the property was acquired, was to reduce or postpone tax that would, but for this paragraph, be payable under this Act, (f.1) where the taxable income of the person is exempt from tax under Part I, a property of the person that (i) does not relate to property of a person whose taxable income is not exempt from tax under Part I, and (ii) is not, and does not relate to, property that was at any time a carved-out property of any other person, or head lease means a contract under which (b) an owner in fee simple, other than Her Majesty in right of Canada or a province, grants for a period of not less than 10 years any right, licence or privilege to explore for, drill for or take petroleum, natural gas or related hydrocarbons in Canada or to prospect, explore, drill or mine for minerals in a mineral resource in Canada; (bail initial) term of a head lease includes all renewal periods in respect of the head lease. (durée)
Every person shall pay a tax under this Part for each taxation year equal to 45% of the total of the person’s carved-out incomes for the year from carved-out properties.
du présent article au contribuable pour l’année d’imposition en cause, la juste valeur marchande de ces participations est réputée être égale à celle qui est raisonnablement déterminée par le ministre d’après les renseignements qu’il a reçus dans les 120 jours suivant l’envoi de la demande (ou dans tout délai plus long qu’il estime acceptable) et d’autres renseignements qu’il considère raisonnables. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et les règlements modificatifs appropriés : 2013, ch. 34, art. 9; 2014, ch. 39, art. 86; 2024, ch. 15, art. 23. Définitions applicables à la présente sous-section 95 (1) Les définitions qui suivent s’appliquent à la présente sous-section. acheteur déterminé Est un acheteur déterminé à un moment donné relativement à un contribuable résident au Canada l’entité qui est, à ce moment : a) le contribuable; b) une entité résidant au Canada avec laquelle le contribuable a un lien de dépendance; c) une société étrangère affiliée d’une entité visée à l’un des alinéas a) à b); d) une fiducie, sauf une fiducie exonérée, dans laquelle une entité visée à l’un des alinéas a) à c), et e) a un droit de bénéficiaire. (specified purchaser) année d’imposition À l’égard d’une société étrangère affiliée d’un contribuable, la période dans le cadre de laquelle les comptes de la société étrangère affiliée sont habituellement dressés, cette période ne pouvant cependant dépasser 53 semaines. (taxation year) banque étrangère Entité qui serait une banque étrangère au sens de la définition de ce terme au paragraphe 2 de la Loi sur les banques si, à la fois : a) il n’était pas tenu compte du passage de cette définition suivant l’alinéa g); b) cette entité ne possédait pas le statut de banque étrangère par l’effet de l’article 12 de cette loi. (foreign bank) tion was formed, and paragraph (ii), 88(1) applied, or (d) an antecedent corporation of an antecedent corpo- ration of the particular corporation; (société antécé- dente) calculating currency for a taxation year of a foreign af- (a) the currency of the country in which the foreign af- reasonable in the circumstances; (monnaie de cal- cul) payer, (ii) all of the shares of the capital stock of the for- (iii) all of the shares of the capital stock of the for- shall be determined without reference to the exist- tion or action in concert between those persons), who bien de placement Sont compris parmi les biens de pla- cement d’une société étrangère affiliée d’un contri- buable : a) les actions du capital-actions d’une société, à l’ex- clusion des actions d’une autre société étrangère affi- liée du contribuable qui constituent des biens exclu- s de la société affiliée; b) les participations dans des sociétés de personnes, à l’exclusion de celles qui constituent des biens exclus de la société affiliée; c) les participations dans des fiducies, à l’exclusion de celles qui constituent des biens exclus de la société af- filiée; d) les dettes ou les annuités; e) les marchandises ou les contrats à terme de mar- chandises, vendus ou achetés, directement ou indérec- tement, de quelque manière que ce soit, à une bourse de marchandises ou sur un marché à terme de mar- chandises, sauf les marchandises manufacturées, les marchandises, celles extraites ou transformées par la société étrangère affiliée ou une autre société étrangère affiliée du contribuable, et les marchandises ou les con- trats à terme de marchandises qui sont visés à l’alinéa 251(5)b) et les contrats à terme de marchandises se rapportant à de telles marchandises; f) la monnaie; g) les immeubles ou les biens réels; h) les avoirs miniers canadiens et étrangers; i) les participations dans des fonds ou des entités autres que des sociétés, des sociétés de personnes et des fiducies; j) les intérêts ou, pour l’application du droit civil, les droits, ou les options, sur des biens visés à l’un des ali- néas a) à i). (investment property) bien exclu Est un bien exclu d’une société étrangère af- filiée d’un contribuable à un moment donné tout bien de celle-ci : a) soit qu’elle utilise ou détient principalement en vue de tirer un revenu provenant de son entreprise exploi- tée activement; (iv) all of the shares of the capital stock of the foreign affiliate that are owned at that time by persons who do not deal at arm’s length with any relevant Canadian shareholder; (société étrangère affiliée contrôlée) (i) the particular antecedent corporation, or A/B where b) soit qui consiste en actions du capital-actions d’une autre société étrangère affiliée du contribuable si la totalité ou la presque totalité de la juste valeur marchande des biens de cette autre société étrangère affiliée est attribuable à des biens de celle-ci qui sont des biens exclus; c) soit qui consiste en biens dont la totalité ou la presque totalité du revenu est ou serait, si les biens produisaient un revenu, un revenu provenant d’une entreprise exploitée activement (lequel revenu comprend, à cette fin, un revenu qui serait réputé, par l’alinéa (2)a), être un revenu provenant d’une entreprise exploitée activement s’il n’était pas tenu compte du sous-alinéa (2)a)(v));
Every person liable to pay tax under this Part for a taxation year shall file with the Minister, not later than the day on or before which the person is or would be, if the person were liable to pay tax under Part I for the
c.1) soit qui consiste en biens découlant d’une convention : (i) d’une part, qui prévoit l’achat, la vente ou l’échange de monnaie, (ii) d’autre part, qu’il est raisonnable de considérer comme ayant été conclue par la société affiliée étrangère de bonne foi et prise en respect pour elle des risques de fluctuation de la valeur de la monnaie dans laquelle la somme était libellée; (A) dans le cas d’une somme qui était à recevoir aux termes d’une convention concernant l’achat de biens qui sont des biens exclus ou d’une somme à recevoir qui était un bien visé à l’alinéa c), les fluctuations de la valeur de la monnaie dans laquelle la somme à recevoir était libellée, (B) dans le cas des sommes ci-après, les fluctuations de la valeur de la monnaie dans laquelle la somme était libellée : (I) toute somme qui était payable aux termes d’une convention concernant l’achat de biens qui sont des biens exclus de la société affiliée tout au long de la période commençant au moment de l’acquisition des biens et se terminant au moment donné, (II) toute dette, dans la mesure où il est raisonnable de considérer que le produit provenant de l’émission ou de la constitution de la dette a servi à acquérir des biens qui sont des biens exclus de la société affiliée tout au long de la période commençant au moment de l’acquisition des biens et se terminant au moment donné, (III) toute dette, dans la mesure où il est raisonnable de considérer que le produit provenant de l’émission ou de la constitution de la exceeds exceeds dette a servi à rembourser le solde impayé de l’une des sommes suivantes : 1 toute somme qui, immédiatement avant le moment du remboursement, est visée à la subdivision (I), 2 toute dette de la société affiliée qui, immédiatement avant le moment du remboursement, est visée à la subdivision (II), 3 toute dette de la société affiliée qui, immédiatement avant le moment du remboursement, est visée à la présente subdivision. En outre, pour l’application de la définition de société étrangère affiliée au présent paragraphe et de celle de pourcentage d’intérêt direct au paragraphe (4) dans le cadre de la présente définition, dans le cas où une société étrangère affiliée d’un contribuable a une participation dans une société de personnes au moment donné : d) la société de personnes est réputée être une société non-résidente dont le capital-actions est composé de 100 actions émises et en circulation; e) la société affiliée est réputée être propriétaire à ce moment de la fraction des actions émises de cette catégorie représentée par le rapport entre : (i) d’une part, la juste valeur marchande de sa participation dans la société de personnes, et (ii) d’autre part, la juste valeur marchande de l’ensemble des participations dans la société de personnes à ce moment. (excluded property) concession d’une licence sur un bien Consiste notamment à permettre l’utilisation, la production ou la reproduction d’un bien, y compris de l’information ou toute autre chose. (licensing of property) entité S’entend notamment d’une association, d’une entreprise, d’une fiducie, d’un fonds, d’une organisation, d’une personne physique, d’une société, d’une société de personnes ou d’un syndicat. (entity) entreprise canadienne imposable À un moment donné, toute entreprise ou exploitation — société étrangère affiliée d’un contribuable résidant au Canada ou société de personnes dont une telle société affiliée est un associé — dont le revenu : a) d’une part, est inclus dans le calcul du revenu imposable de la société affiliée gagné au Canada pour (d) governed by a salary deferral arrangement, (ii) either une année d’imposition en vertu du sous-alinéa 115(1)(a)(ii) ou serait ainsi inclus si l’entreprise produisait un revenu pour l’année d’imposition ou l’exercice de l’exploitant qui comprend ce moment, b) d’autre part, n’est pas exonéré de l’impôt prévu par la présente partie par l’effet d’un traité fiscal conclu avec un pays ou ne serait pas ainsi exonéré si l’entreprise produisait un revenu pour l’année d’imposition ou l’exercice de l’exploitant qui comprend ce moment. (taxable Canadian business) entreprise de placement Entreprise exploitée par une société étrangère affiliée d’un contribuable au cours d’une année d’imposition de ce contribuable et qui est réputée par le paragraphe (2) être une entreprise active ou une entreprise exploitée activement si cette société était une société non admissible de cette société dont le principal objet consiste en la détention de biens (y compris des intérêts, dividendes, loyers, redevances et montants semblables ou tous montants redevables en tenant de tels intérêts, dividendes, loyers, redevances ou montants semblables), en la fourniture d’assurance, en la prestation de services ou en la négociation ou courtage en marchandises et dont les activités sont réglementées par les lois des pays suivants, selon le cas : a) l’entreprise, sauf celle menée principalement avec des personnes avec lesquelles la société affiliée a un lien de dépendance, présente l’une des caractéristiques suivantes : (i) il s’agit d’une entreprise que la société affiliée exploite à titre de banque étrangère, de société de fiducie, de caisse de crédit, de compagnie d’assurance ou de négociateur ou courtier en valeurs mobilières ou en marchandises et dont les activités sont réglementées par les lois des pays suivants, selon le cas : (A) chaque pays où l’entreprise est exploitée par l’intermédiaire d’un établissement stable situé dans ce pays, et le pays sous le régime des lois duquel la société affiliée est régie, et, si ce régime existe, a été constituée ou organisée (sauf si elle a été prorogée dans un territoire quelconque) ou a été prorogée la dernière fois, (B) le pays où l’entreprise est principalement exploitée, (C) si la société affiliée est liée à une société non résidente, le pays sous le régime des lois duquel cette dernière est régie et, selon le cas, existe, a été constituée ou organisée (sauf si elle a été prorogée dans un territoire quelconque) ou a été prorogée la dernière fois, si les lois sont reconnues par les lois du pays où l’entreprise est principalement exploitée et où sont tous ses membres de l’Union européenne, (ii) elle consiste à mettre en valeur des immeubles ou des biens réels en vue de leur vente, à prêter de l’argent, à louer des biens, à concéder des licences sur des biens ou à assurer ou à réassurer des risques; b) selon le cas : (i) la société affiliée exploite l’entreprise autrement qu’à titre d’associé d’une société de personnes (la société affiliée étant appelée « exploitant » à l’alinéa c) pour ce qui est des moments, compris dans la période en cause, où elle exploite ainsi l’entreprise), (ii) la société affiliée exploite l’entreprise à titre d’associé admissible d’une société de personnes (cette dernière étant appelée « exploitant » à l’alinéa c) pour ce qui est des moments, compris dans la période en cause, où la société affiliée exploite ainsi l’entreprise); c) l’exploitant emploie, selon le cas : (i) plus de cinq personnes à plein temps pour assurer la conduite active de l’entreprise, (ii) l’équivalent de plus de cinq personnes à plein temps pour assurer la conduite active de l’entreprise, compte tenu uniquement des services suivants : (A) les services fournis par ses employés, (B) les services que lui fournissent à l’étranger une ou plusieurs personnes dont chacune est, pendant la période où elle a exécuté les services, l’employé d’une des entités suivantes : (I) une société liée à la société affiliée autrement qu’à cause d’un droit visé à l’alinéa 251(5)(b), (II) dans le cas où l’exploitant est la société affiliée : 1 une société (appelée « actionnaire fournisseur » au présent sous-alinéa) qui est un actionnaire admissible de la société affiliée, Income Tax PART I Income Tax DIVISION B Computation of Income
year, required under section 150 to file a return of the person's income for the year under Part I, a return for the year under this Part in prescribed form containing an estimate of the amount of tax payable by the person under this Part for the year.
(A + A.1 + A.2 + B + C) – (D + E + F + F.1 + G + H) where
Where a person is liable to pay tax for a taxation year under this Part, the person shall pay in respect of the year, to the Receiver General (a) on or before the last day of each month in the year, an amount equal to 1/12 of the amount of tax payable by the person under this Part for the year; and (b) the remainder, if any, of the tax payable by the person under this Part for the year, on or before the person's balance-due day for the year.
Subsections 150(2) and 150(3) and sections 152, 158 and 159, subsections 161(1), 161(2) and 161(11), sections 162 to 167 and Division J of Part I are applicable to this Part with such modifications as the circumstances require. Partnerships
For the purposes of subsection 209(1), a partnership shall be deemed to be a person and its taxation year shall be deemed to be its fiscal period. Tax on Designated Income of Certain Trusts
designated beneficiary, under a particular trust at any time, means a beneficiary, under the particular trust, who is at that time (c) a person who is, because of subsection 149(1), exempt from tax under Part I on all or part of their taxable income and who acquired an interest as a beneficiary under the particular trust after October 1, 1987 directly or indirectly from a beneficiary under the particular trust except if (i) the interest was, at all times after the later of October 1, 1987 and the day on which the interest was created, held by persons who were exempt from tax under Part I on all of their taxable income because of subsection 149(1), or (ii) the person is a trust, governed by a registered retirement savings plan or a registered retirement income fund, who acquired the interest, directly or indirectly, from an individual or the spouse or common-law partner, or former spouse or common-law partner, of the individual who was, immediately after the interest was acquired, a beneficiary under the trust governed by the fund or plan; (d) another trust (in this paragraph referred to as the “other trust”) that is not a graduated rate estate, a mutual fund trust or a trust that is exempt because of subsection 149(1) from tax under Part I on all or part of its taxable income, if any beneficiary under the other trust is at that time (iii) a trust that is not (A) a graduated rate estate, (C) a trust that is exempt because of subsection 149(1) from tax under Part I on all or part of its taxable income, or (I) whose interest, at that time, in the other trust was held, at all times after the day on which the interest was created, either by it or by persons who were exempt because of subsection 149(1) from tax under Part I on all of their taxable income, and (II) none of the beneficiaries under which is, at that time, a designated beneficiary under it, or (iv) a person or partnership that (A) is a designated beneficiary under the other trust because of paragraph (c) or (e), or (B) would be a designated beneficiary under the particular trust because of paragraph (c) or (e) if, instead of being a beneficiary under the other trust, the person or partnership were at that time a beneficiary, under the particular trust, whose interest as a beneficiary under the particular trust were (I) identical to its interest (referred to in this clause as the “particular interest”) as a beneficiary under the other trust, (II) acquired from each person or partnership from whom it acquired the particular interest, and (III) held, at all times after the later of October 1, 1987 and the day on which the particular interest was created, by the same persons or partnerships that held the particular interest at those times; or (e) a particular partnership any of the members of which is at that time (i) another partnership, except if (A) each such other partnership is a Canadian partnership, (B) the interest of each such other partnership in the particular partnership is held, at all times after the day on which the interest was created, by the other partnership or by persons who were exempt because of subsection 149(1) from tax under Part I on all of their taxable income, (C) the interest of each member, of each such other partnership, that is a person exempt because of subsection 149(1) from tax under Part I on all or part of its taxable income was held, at all times after the day on which the interest was created, by that member or by persons who were exempt because of subsection 149(1) from tax under Part I on all of their taxable income, and (D) the interest of the particular partnership in the particular trust was held, at all times after the day on which the interest was created, by the particular partnership or by persons who were exempt because of subsection 149(1) from tax under Part I on all of their taxable income, (iv) another trust that is, under paragraph (d), a designated beneficiary of the particular trust or that would, under paragraph (d), be a designated beneficiary of the particular trust if the other trust were at that time a beneficiary under the particular trust whose interest as a beneficiary under the particular trust were (A) acquired from each person or partnership from whom the particular partnership acquired its interest as a beneficiary under the particular trust, and (B) held, at all times after the later of October 1, 1987 and the day on which the particular partnership’s interest as a beneficiary under the particular trust was created, by the same persons or partnerships that held that interest of the particular partnership at those times, or (v) a person exempt because of subsection 149(1) from tax under Part I on all or part of its taxable income except if the interest of the particular partnership in the particular trust was held, at all times after the day on which the interest was created, by the particular partnership or by persons who were exempt because of subsection 149(1) from tax under Part I on all of their taxable income. (bénéficiaire étranger ou assimilé) designated income, of a trust for a taxation year, means the amount that would be the income of the trust for the year determined under section 3 if (a) this Act were read without reference to subsections 104(6), (12) and (30); (b) the trust had no income other than taxable capital gains from dispositions described in paragraph (c) and incomes from (i) real or immovable properties in Canada (other than Canadian resource properties), (iii) Canadian resource properties (other than properties acquired by the trust before 1972), and (iv) businesses carried on in Canada; (c) the only taxable capital gains and allowable capital losses referred to in paragraph 3(b) were from (i) dispositions of taxable Canadian property, and (ii) dispositions of particular property (other than property described in any of subparagraphs 128.1(4)(b)(i) to (iii)), or property for which the particular property is substituted, that was transferred at any particular time to a particular trust in circumstances in which subsection 73(1) or 107.4(3) applied, if (A) it is reasonable to conclude that the property was so transferred in anticipation that a person beneficially interested at the particular time in the particular trust would subsequently cease to reside in Canada, and a person beneficially interested at the particular time in the particular trust did subsequently cease to reside in Canada, or (B) when the property was so transferred, the terms of the particular trust satisfied the conditions in subparagraph 73.1(1)(c)(i) or (iii), and it is reasonable to conclude that the transfer was made in connection with the cessation of residence, on or before the transfer, of a person who was, at the time of the transfer, beneficially interested in the particular trust and not the common-law partner, as the case may be, of the transferor of the property to the particular trust; (d) the only losses referred to in paragraph 3(d) were losses from sources described in any of subparagraphs (b)(i) to (iv). (revenu de distribution)
2 une société désignée relativement à la société affiliée, 3 une société de personnes désignée relativement à la société affiliée, (III) dans le cas où l’exploitant est la société de personnes visée au sous-alinéa b)(ii) : 1 une personne (appelée « associé fournisseur » au présent sous-alinéa) qui est un associé admissible de la société de personnes, 2 une société désignée relativement à la société affiliée, 3 une société de personnes désignée relativement à la société affiliée, à condition que les sociétés visées à la subdivision (B)(I) et les sociétés désignées, sociétés de personnes désignées, actionnaires fournisseurs ou associés fournisseurs visés aux subdivisions (B)(II) et (III) reçoivent de l’exploitant, en règlement des services qui lui ont fournis par ces employés, les sociétés, sociétés de personnes, actionnaires ou associés, de la rétribution payable avec employés ayant exécuté les services, ou constituée pour leur compte, pendant l’exécution de ces services. (investment business) entreprise exploitée activement Entreprise exploitée par une société étrangère affiliée d’un contribuable, à l’exclusion des entreprises suivantes : a) une entreprise de placement exploitée par la société affiliée; b) une entreprise qui est réputée par le paragraphe (2) être une entreprise autre qu’une entreprise exploitée activement de la société affiliée; c) une entreprise non admissible de la société affiliée. (active business) entreprise non admissible Est une entreprise non admissible d’une société étrangère affiliée d’un contribuable à un moment donné l’entreprise que la société affiliée exploite par l’intermédiaire d’un établissement stable situé dans un territoire qui est un pays non admissible à la fin de l’année d’imposition de la société affiliée qui comprend ce moment, à l’exception des entreprises suivantes : a) une entreprise de placement de la société affiliée; (b) that is, at the time of disposition, excluded property of the affiliate, if any of paragraphs (2)(c), (d) and (d.1), subparagraph (2)(e)(i) and paragraph 88(3)(a) applies to the disposition, b) une entreprise qui est réputée par le paragraphe (2) être une entreprise autre qu’une entreprise exploitée activement de la société affiliée. (non-qualifying business) établissement stable S’entend au sens prévu par règlement. (permanent establishment) facteur fiscal approprié En ce qui concerne une personne ou une société de personnes pour une année d’imposition : a) dans le cas d’une société ou d’une société de personnes dont l’ensemble des associés, à l’exception des personnes non-résidentes, sont des sociétés, le quotient obtenu par la formule suivante : 1/(A – B) où : A représente le pourcentage fixé à l’alinéa 123(1)a), B : (i) dans le cas d’une société, le pourcentage qui correspond à son pourcentage de réduction selon le paragraphe 123.4, pour l’année d’imposition, (ii) dans le cas d’une société de personnes, le pourcentage qui serait déterminé à son égard selon le sous-alinéa (i) si elle était une société dont l’année d’imposition correspond à l’exercice de la société de personnes; b) dans les autres cas, 1,9. (relevant tax factor) fiducie admissible Fiducie autre que les suivantes : a) la fiducie établie ou administrée à des fins de bienfaisance; b) la fiducie régie par un régime de prestations aux employés; c) la fiducie visée à l’alinéa a.1) de la définition de fiducie au paragraphe 108(1); d) la fiducie régie par une entente d’échelonnement du traitement; e) la fiducie administrée pour assurer ou verser des prestations de retraite ou de pension ou des prestations à des employés; f) la fiducie dans le cadre de laquelle le montant de revenu ou de capital qu’une entité peut recevoir à un moment donné, directement de la fiducie, à titre de Income Tax PART I Income Tax DIVISION B Computation of Income
No tax is payable under this Part for a taxation year by a trust that was throughout the year (c) exempt from tax under Part I because of subsection 149(1); Tax on income of trust
Impôt sur le revenu
(a) the designated income of the trust for the year, (b) the amount that, but for subsections 104(6) and 104(30), would be the income of the trust for the year, and (c) 100/60 of the amount deducted. Amateur athlete trusts
Notwithstanding subsection 210(2), a trust shall pay a tax under this Part in respect of a particular taxation year of the trust equal to 2/3 of the amount that is required by subsection 143.1(2) to be included in computing the income under Part I for a taxation year of a beneficiary under the trust, if (a) the beneficiary is at any time in the particular taxation year a designated beneficiary under the trust; and (b) the particular taxation year ends in that taxation year of the beneficiary. Tax deemed paid by beneficiary
Where an amount (in this subsection and subsection 210.3(2) referred to as the “income amount”) in respect of the income of a trust for a taxation year is, by reason of subsection 104(13) or 105(2), included in computing (a) the income under Part I of a person who was not at any time in the year a designated beneficiary under the trust, or (b) the income of a non-resident person (other than a person who, at any time in the year, would be a designated beneficiary under the trust if section 210 were read without reference to paragraph (a) of the definition designated beneficiary in that section) that is subject to tax under Part I by reason of subsection 2(3) and is not exempt from tax under Part I by reason of a provision contained in a tax treaty, an amount determined by the formula A is the tax paid under this Part by the trust for the year, B is the income amount in respect of the person, and C is the total of all amounts each of which is an amount included in computing the income under Part I of a beneficiary under the trust by reason of subsection 104(13) or 105(2) in respect of the year, shall, if designated by the trust in respect of the person in its return for the year under this Part, be deemed to be an amount paid on account of the person’s tax payable under Part I for the person’s taxation year in which the taxation year of the trust ends, on the day that is 90 days after the end of the taxation year of the trust. Designations in respect of partnerships
Where a taxpayer is a member of a partnership in respect of which an amount is designated by a trust for a taxation year of the trust (in this subsection referred to as the “particular year”) under subsection 210.2(3), (a) no amount shall be deemed to be paid on account of the partnership’s tax payable under Part I by reason of subsection 210.2(3) except in the application of that subsection for the purposes of subsection 104(31), and (b) an amount determined by the formula A is the amount so designated, B is the amount that may reasonably be regarded as the share of the taxpayer in the designated income of the trust received by the partnership in the fiscal period of the partnership in which the particular year ends (that fiscal period being referred to in this subsection as the “partnership’s period”), and C is the designated income received by the partnership from the trust in the partnership’s period, shall be deemed to be an amount paid on account of the taxpayer’s tax payable under Part I for the person’s taxation year in which the partnership’s period ends, on the last day of that year.
bénéficiaire de celle-ci dépend de l’exercice ou du non-exercice par une entité d’un pouvoir discrétionnaire. (eligible trust) fiducie exonérée Est une fiducie exonérée à un moment donné relativement à un contribuable résident au Canada la fiducie qui, à ce moment, est une fiducie dans le cadre de laquelle la participation de chaque bénéficiaire est, à tout moment où cette participation existe pendant l’année d’imposition de la fiducie qui comprend ce moment donné, une participation fixe détenue par le bénéficiaire dans la fiducie, à ce moment donné, à la fois : a) la fiducie est une fiducie admissible; b) il existe au moins 150 bénéficiaires dont chacun détient, dans la fiducie, une participation fixe ayant une juste valeur marchande d’au moins 500 $; c) le total des sommes représentant chacune la juste valeur marchande d’une participation à titre de bénéficiaire de la fiducie, détenue par une personne donnée ou un groupe de personnes données, ne dépasse pas 10 % de la juste valeur marchande totale des participations à titre de bénéficiaire de la fiducie. (exempt trust) impôt étranger accumulé S’agissant de l’impôt étranger accumulé applicable à toute somme incluse, en vertu du paragraphe 91(1), dans le calcul du revenu d’un contribuable pour son année d’imposition à l’égard d’une société étrangère affiliée donnée de celui-ci, sous réserve du paragraphe 91.4(1) : a) la partie de tout impôt sur le revenu ou sur les bénéfices qu’il est raisonnable de considérer comme étant applicable à cette somme et qui est payée : (i) soit par la société affiliée donnée, (ii) soit par une autre société étrangère affiliée (appelée « société affiliée actionnaire » à l’alinéa b)) du contribuable si, à la fois : (A) l’autre société affiliée a un pourcentage d’intérêt dans la société affiliée donnée, (B) l’impôt payé sur le revenu ou sur les bénéfices est payé à un pays étranger, (C) l’autre société affiliée, et non la société affiliée donnée, est redevable de cet impôt sous le régime des lois de ce pays, exceeds exceeds H is (b) in any other case, nil; (revenu étranger accumulé, tiré de biens) (iii) soit par une autre société étrangère affiliée du contribuable à l’égard d’un dividende reçu, directement ou indirectement, de la société affiliée donnée, et cette autre société affiliée ou un pourcentage d’intérêt dans la société affiliée donnée; b) tout montant visé par règlement qui constitue à l’égard de la société affiliée donnée ou de la société affiliée actionnaire, selon le cas, un impôt étranger accumulé applicable à cette somme. (foreign accrual tax) liquidation et dissolution désignées Liquidation et dissolution d’une société étrangère affiliée (appelée « société cédante » dans la présente définition) d’un contribuable relativement à laquelle, selon le cas : a) le contribuable avait, immédiatement avant le moment de la première distribution des biens effectuée par la société cédante au titre de la liquidation et de la dissolution, un pourcentage droit au surplus relativement à la société cédante d’au moins 90 %; b) à la fois : (i) le pourcentage obtenu par la formule ci-après est égal ou supérieur à 90 % : A/B où : A représente l’excédent du total visé à la division (A) sur celui visé à la division (B) : (A) le total des sommes dont chacune représente la juste valeur marchande, au moment de sa distribution, d’un bien qui est distribué par la société cédante, relativement à des actions de son capital-actions, au cours de la liquidation et dissolution à un actionnaire donné de celle-ci qui était, immédiatement avant ce moment, une société étrangère affiliée du contribuable, (B) le total des sommes dont chacune représente une somme due (sauf un dividende non versé) par la société cédante, ou une obligation de celle-ci, qui a été assumée ou annulée par l’actionnaire donné en contrepartie d’un bien visé à la division (A), B l’excédent du total visé à la division (A) sur celui visé à la division (B) : (A) le total des sommes dont chacune représente la juste valeur marchande, au moment de sa distribution, d’un bien qui est distribué par la société cédante, relativement à des actions de son capital-actions, à un actionnaire except that a corporation is not a foreign affiliate of a non-resident-owned investment corporation; (société étrangère affiliée) de celle-ci au cours de la liquidation et dissolution, (B) le total des sommes dont chacune représente une somme due (sauf un dividende non versé) par la société cédante, ou une obligation de celle-ci, qui a été assumée ou annulée par un actionnaire de celle-ci en contrepartie d’un bien visé à la division (A), (iii) au moment de chaque distribution de biens effectuée par la société cédante au cours de la liquidation et dissolution relativement à des actions de son capital-actions, l’actionnaire donné détient des actions de ce capital-actions qui lui donneraient droit, si l’assemblée des actionnaires de la société cédante était tenue à ce moment, à au moins 90 % des voix pouvant être exprimées en toutes circonstances à l’assemblée; c) un actionnaire donné de la société cédante qui était, tout au long de la liquidation et dissolution, une société étrangère affiliée du contribuable est réputé être l’actionnaire donné relativement à des actions de ce capital-actions de la société cédante tout au long de la liquidation et dissolution. (désigné en liquidation et dissolution) monnaie de calcul La monnaie de calcul pour une année d’imposition d’une société étrangère affiliée d’un contribuable est, selon le cas : a) la monnaie du pays dont la société affiliée est un résident à la fin de l’année; b) toute monnaie qui est établie par le contribuable comme étant raisonnable dans les circonstances. (calculating currency) obligation découlant d’un bail Est assimilée à l’obligation découlant d’un bail une obligation prévue par une convention qui permet d’utiliser, de produire ou de reproduire un bien, y compris de l’information ou toute autre chose. (lease obligation) participation fixe désignée Est une participation fixe désignée d’une entité dans une fiducie à un moment donné la participation de l’entité à titre de bénéficiaire de la fiducie si, à la fois : a) la participation comprend, à ce moment, des droits de l’entité, à titre de bénéficiaire de la fiducie, de recevoir, à ce moment ou par la suite et directement de la fiducie, tout ou partie du revenu et du capital de celle-ci; (c) the foreign affiliate’s income from a non-qualifying business of the foreign affiliate for the taxation year; (revenu provenant d’une entreprise exploitée activement) (ii) a non-qualifying business of the foreign affiliate; (revenu de biens) b) la participation a été émise par la fiducie à une entité, à ce moment ou antérieurement, pour une contrepartie dont la juste valeur marchande, au moment de l’émission de la participation, était égale à la juste valeur marchande de la participation au moment de son émission; c) une partie quelconque de la participation ne peut cesser d’appartenir à l’entité que si elle fait l’objet d’une disposition (déterminée comme tel au sens de l’alinéa 2 de la définition de disposition au paragraphe 248(1) ni de l’alinéa 248(8)c)) par l’entité; d) nul montant de revenu ou de capital de la fiducie qu’une entité peut recevoir à un moment donné, directement de la fiducie, à titre de bénéficiaire de celle-ci, ne dépend de l’exercice ou du non-exercice par une entité d’un pouvoir discrétionnaire. (specified fixed interest) pays non admissible Est un pays non admissible à un moment donné le pays ou territoire avec lequel a.1) lorsque ce moment est postérieur à février 2014, à l’égard duquel la Convention concernant l’assistance administrative mutuelle en matière fiscale — faite à Strasbourg le 25 janvier 1988, modifiée de temps à autre par protocole ou autre instrument international et ratifiée par le Canada — n’est pas en vigueur à ce moment et n’est pas exécutoire; b) avec lequel le Canada n’a pas d’accord général d’échange de renseignements fiscaux qui est en vigueur et exécutoire à ce moment; c) avec lequel le Canada a, plus de 60 mois avant ce moment : (i) soit engagé des négociations en vue de la conclusion d’un accord général d’échange de renseignements fiscaux (sauf si le moment en cause est antérieur à 2014 et que le Canada avait engagé, le 19 mars 2007, des négociations en vue de la conclusion d’un tel accord avec ce pays ou territoire), (ii) soit tenté, au moyen d’une invitation écrite en ce sens, d’engager des négociations en vue de la conclusion d’un accord général d’échange de renseignements fiscaux (sauf si le moment en cause est antérieur à 2014 et que le Canada avait engagé, le 19 mars 2007, des négociations en vue de la conclusion (b) either d’un tel accord avec ce pays ou territoire). (non-qualifying country) personne ou société de personnes déterminée Est une personne ou société de personnes déterminée quant à un contribuable à un moment donné le contribuable ou toute personne (sauf une société acquise désignée du contribuable) ou société de personnes qui, à ce moment : a) une personne (sauf une société de personnes) qui réside au Canada et a, à ce moment, un lien de dépendance avec le contribuable; b) une société remplacée déterminée du contribuable ou d’une personne ou société de personnes déterminée quant au contribuable; c) une société étrangère affiliée qui est : (i) du contribuable, (ii) d’une personne qui, à ce moment, est une personne ou société de personnes déterminée quant au contribuable (sauf une société acquise désignée du contribuable) ou société de personnes déterminée quant à une personne ou société de personnes déterminée quant au contribuable, (iii) d’une société de personnes qui, à ce moment, est une personne ou société de personnes déterminée quant au contribuable selon la présente définition par l’effet de l’alinéa d); d) une société de personnes dont l’un des associés est, à ce moment, une personne ou société de personnes déterminée quant au contribuable selon la présente définition. (specified person or partnership) pourcentage de droit au surplus S’agissant du pourcentage de droit au surplus, à un moment donné, d’un contribuable, à l’égard d’une société étrangère affiliée, s’entend au sens du règlement. (surplus entitlement percentage) pourcentage de participation Le pourcentage de participation d’une action ordinaire, à un moment donné, d’un contribuable, du capital-actions d’une société relativement à une société étrangère affiliée de ce contribuable qui, à la fin de son année d’imposition, est une société affiliée contrôlée de ce contribuable est : a) lorsque le revenu étranger accumulé, tiré de biens, de la société affiliée pour cette année est de 5 000 $ ou plus, nul; b) lorsque le revenu étranger accumulé, tiré de biens, de la société affiliée pour cette année dépasse 5 000 $, égal : (i) au pourcentage qui équivaudrait au pourcentage d’intérêt du contribuable dans la société affiliée à la fin de cette année à supposer qu’il ne possède aucune autre action que l’action donnée (supposition qui, en aucun cas, n’est faite dans le but de déterminer si une société est ou non une société étrangère affiliée du contribuable) si, à la fois : (A) la société affiliée chaque société qui est prise en compte dans le calcul du pourcentage d’intérêt du contribuable dans la société affiliée de détiennent, à ce moment, une seule catégorie d’actions émises, (B) aucune société étrangère affiliée (appelée « société affiliée de palier supérieur » à la présente division) du contribuable qui est prise en compte dans le calcul du pourcentage d’intérêt du contribuable dans la société affiliée n’a, à ce moment, de pourcentage d’intérêt dans une société étrangère affiliée du contribuable (y compris la société affiliée en cause) qui est plus grand que le pourcentage d’intérêt dans la société affiliée de palier supérieur, (ii) dans tout autre cas, au pourcentage déterminé selon les modalités réglementaires. (participating percentage) prêt d’argent Sont assimilés au prêt d’argent par une personne (appelée « prêteur » pour l’application de la présente définition) : a) l’acquisition par le prêteur de créances existantes auprès d’une autre personne, ou d’un droit sur ces créances, sauf les créances clients dont le débiteur est une personne avec laquelle le prêteur a un lien de dépendance; b) l’acquisition par le prêteur de prêts consentis par une autre personne et de titres de crédit d’une autre personne, ou d’un droit sur ces prêts ou titres, sauf les prêts et les titres de crédit dont le débiteur est une personne avec laquelle le prêteur a un lien de dépendance; c) l’acquisition par le prêteur d’avoirs miniers étrangers d’une autre personne, sauf les avoirs qui constituent des loyers ou des redevances payables par une personne avec laquelle le prêteur a un lien de dépendance; d) la vente par le prêteur de prêts ou de titres de crédit, ou d’un droit sur ces prêts ou titres, sauf les prêts et les titres de crédit dont le débiteur est une personne avec laquelle le prêteur a un lien de dépendance. (d) indebtedness or annuities, (f) currency, (g) real property or immovables, Pour l’application de la présente définition, il n’est pas tenu compte du passage «, à l’exclusion d’un bien visé par règlement » dans la définition de titre de crédit au paragraphe 248(1). (lending of money) revenu de biens Sont inclus dans le revenu de biens d’une société étrangère affiliée d’un contribuable pour une année d’imposition le revenu de la société affiliée pour l’année provenant d’une entreprise de placement ainsi que son revenu pour l’année tiré d’un projet comportant un risque ou d’une affaire de caractère commercial. En sont toutefois exclus : a) le revenu de la société affiliée pour l’année provenant d’une entreprise qui est réputée par le paragraphe (2) être une entreprise autre qu’une entreprise exploitée activement; b) le revenu de la société affiliée pour l’année qui se rapporte ou est accessoire : (i) soit à son entreprise exploitée activement, (ii) soit à son entreprise non admissible. (income from property) revenu étranger accumulé, tiré de biens S’agissant du revenu étranger accumulé, tiré de biens, d’une société étrangère affiliée d’un contribuable, pour une année d’imposition de la société affiliée, le montant calculé selon la formule suivante : (A + A.1 + A.2 + B + C) – (D + E + F + F.1 + G + H) où : A représente la somme qui, si l’article 80 ne s’appliquait pas à la société affiliée pour l’année ou pour une année d’imposition antérieure, constituerait le total des sommes représentant chacune le revenu de la société affiliée pour l’année tiré de biens, son revenu pour l’année tiré d’une entreprise autre qu’une entreprise exploitée activement ou son revenu pour l’année tiré de son entreprise non admissible, déterminé dans chaque cas comme si chaque somme visée à la division (2)a)(ii)(D) qui a été payée ou était payable, directement ou indirectement, par la société affiliée à une autre société étrangère affiliée du contribuable ou d’une personne avec laquelle celui-ci a un lien de dépendance était nulle, dans le cas où une somme relative au revenu que cette autre société affiliée tire de la somme qui lui a été payée ou lui était payable par la société affiliée a été ajoutée dans le calcul de son revenu provenant d’une entreprise exploitée activement, à l’exception : Income Tax PART I Income Tax DIVISION B Computation of Income
A trust shall, within 90 days after the end of each taxation year, (a) file with the Minister a return for the year under this Part in prescribed form and containing prescribed information, without notice or demand therefor; (b) estimate in the return the amount of tax, if any, payable by it under this Part for the year; and (c) pay to the Receiver General the tax, if any, payable by it under this Part for the year.
(prêt d’argent) licensing of property includes authorizing the use of or the production or reproduction of property including information or any other thing; (concession d’une licence sur un bien) a) de l’intérêt qui, en vertu de l’alinéa 81(1)m), ne serait pas inclus dans le calcul du revenu de la société affiliée si elle résidait au Canada; b) d’un dividende d’une autre société étrangère affiliée du contribuable, sauf une partie du dividende qui serait réputée, en vertu du paragraphe 113(5), ne pas être un dividende reçu par la société affiliée sur une action du capital-actions de l’autre société affiliée pour l’application de l’article 113, si la société affiliée était réputée résider au Canada, c) d’un dividende imposable dans la mesure où le montant de celui-ci serait, si le dividende était reçu par le contribuable, déductible en vertu de l’article 112; d) d’un montant inclus en application du paragraphe 80.4(2) dans le revenu de la société affiliée au titre d’une dette envers une autre société qui est une société étrangère affiliée du contribuable ou d’une personne résidant au Canada avec laquelle le contribuable a un lien de dépendance; A.1 Le double du montant inclus, par l’effet du paragraphe 80(3), dans le calcul du revenu tiré d’entreprises autres que des entreprises exploitées activement; A.2 le montant représenté par l’élément G relativement à la société affiliée pour l’année d’imposition précédente; B le total des sommes dont chacune représente la partie du revenu de la société affiliée (dans la mesure où il n’est pas inclus dans le calcul du revenu pour l’année, ou la partie de son gain en capital imposable pour l’année qu’il est raisonnable de considérer comme s’étant accumulé après son année d’imposition 1975, provenant de la disposition d’un bien qui: a) n’est pas un bien exclu de la société affiliée au moment de la disposition, b) est un bien exclu de la société affiliée au moment de la disposition, si les alinéas c)(e), d) ou d.1), le sous-alinéa e)(i) ou l’alinéa 88(3)a) s’appliquent à la disposition; C lorsque la société affiliée est une société étrangère affiliée contrôlée du contribuable, le montant qui serait inclus dans le calcul du revenu de la société affiliée pour l’année si: a) le paragraphe 94.1(1) s’appliquait au calcul d’un tel revenu; (b) les passages « gagnés directement par le contribuable » au paragraphe 94.1(1) étaient remplacés par « gagnés par la personne résidant au Canada pour qui le contribuable est une société étrangère affiliée »; e) le passage « (autre qu’une société étrangère affiliée contrôlée du contribuable ou une entité non-résidente visée par règlement) » à l’alinéa 94.1(1)a) était remplacé par « (autre qu’une entité non-résidente visée par règlement ou une société étrangère affiliée contrôlée d’une personne résidant au Canada et dont le contribuable est une société étrangère affiliée contrôlée) »; d) le passage « (autre qu’un gain en capital) » à l’alinéa 94.1(1)b) était remplacé par « (autre qu’un revenu qui ne serait pas inclus dans le revenu étranger accumulé, tiré des biens du contribuable pour l’année si la valeur de l’élément C de la formule figurant à la définition de revenu étranger accumulé, tiré de biens au paragraphe 95(1) était nulle ou autre qu’un gain en capital) »; D le total des sommes représentant la perte de la société affiliée pour l’année provenant de biens, sa position de biens (sauf des biens exclus et des biens à l’égard desquels le contribuable a fait le choix prévu au paragraphe 88(3.3)) qu’il est raisonnable de considérer comme ayant été accumulés après son année d’imposition 1975, a) le montant des pertes en capital déductibles de la société affiliée pour l’année provenant de biens, sa position de biens (sauf des biens exclus et des biens à l’égard desquels le contribuable a fait le choix prévu au paragraphe 88(3.3)) qu’il est raisonnable de considérer comme ayant été accumulés après son année d’imposition 1975, b) le total des sommes chacune représente la partie d’un gain en capital imposable de la société affiliée qui est incluse dans la valeur de l’élément B, déterminé relativement à la société affiliée pour l’année; (ii) in any other case, the percentage determined in prescribed manner; (pourcentage de participation) 1/(A – B) where B is (b) in any other case, 1.9; (facteur fiscal approprié) F la somme visée par règlement pour l’année; F.1 la moins élevée des sommes suivantes : a) la somme visée par règlement pour l’année, b) l’excédent du total visé au sous-alinéa (i) sur la somme visée au sous-alinéa (ii) : (i) le total des sommes dont chacune représente la partie d’un gain en capital imposable de la société affiliée qui est incluse dans la valeur de l’élément B, déterminée relativement à la société affiliée pour l’année, (ii) la valeur de l’élément E, déterminée relativement à la société affiliée pour l’année; G l’excédent éventuel du total visé à l’alinéa a) sur le total visé à l’alinéa b) : a) le total des montants représentés par les éléments A.1 et A.2 relativement à la société affiliée pour l’année, b) le total des valeurs des éléments D à F.1, déterminées relativement à la société affiliée pour l’année; H : a) si la société affiliée est une société de personnes à la fin de l’exercice de celle-ci s’étant terminé au cours de l’année et que la société de personnes a reçu, à un moment donné de cet exercice, un dividende d’une société qui était une société étrangère affiliée du contribuable à ce moment pour l’application des articles 91 et 113 si le passage « une société résidant au Canada » au paragraphe 93.1(1) était remplacé par « un contribuable résidant au Canada », la partie de ce dividende qui : (i) est incluse dans la valeur de l’élément A relativement à la société affiliée pour l’année et qui serait réputée, en vertu de l’alinéa 93.1(2)a), avoir été reçue par elle pour l’application de ces articles si le passage « une société résidant au Canada » au paragraphe 93.1(2) était remplacé par « un contribuable résidant au Canada », avec les adaptations grammaticales nécessaires, (ii) ne serait pas réputée, en vertu du paragraphe 113(5), ne pas être un dividende reçu par la société affiliée sur une action du capital-actions de l’autre société pour l’application de l’article 113, si la société affiliée était une société résidant au Canada; b) dans les autres cas, zéro. (foreign accrual property income) (b) a specified predecessor corporation of the taxpayer or of a specified person or partnership in respect of the taxpayer, (d) a partnership a member of which is at that time a specified person or partnership in respect of the taxpayer under this definition; (personne ou société de personnes déterminée) specified predecessor corporation of a particular corporation means (a) an antecedent corporation of the particular corporation, (c) a specified predecessor corporation of a specified predecessor corporation of the particular corporation; (société remplacée déterminée) revenu provenant d’une entreprise exploitée activement Est inclus dans le revenu provenant d’une entreprise exploitée activement d’une société étrangère affiliée d’un contribuable pour une année d’imposition le revenu de la société affiliée pour l’année qui se rapporte ou est accessoire à cette entreprise. En sont toutefois exclus : a) le revenu de la société affiliée tiré de biens pour l’année; b) le revenu de la société affiliée pour l’année provenant d’une entreprise qui est réputée par le paragraphe (2) être une entreprise autre qu’une entreprise exploitée activement; c) le revenu provenant d’une entreprise non admissible de la société affiliée pour l’année. (income from an active business) revenu provenant d’une entreprise non admissible Est inclus dans le revenu provenant d’une entreprise non admissible d’une société étrangère affiliée d’un contribuable résident au Canada pour une année d’imposition le revenu de la société affiliée pour l’année qui se rapporte ou est accessoire à l’entreprise non admissible. En sont toutefois exclus : a) le revenu de biens de la société affiliée pour l’année; b) le revenu de la société affiliée pour l’année provenant d’une entreprise qui est réputée par le paragraphe (2) être une entreprise autre qu’une entreprise exploitée activement de la société affiliée. (income from a non-qualifying business) société acquise désignée Société antécédente donnée d’un contribuable à l’égard de laquelle les faits suivants se vérifient : a) le contribuable ou une autre de ses sociétés antécédentes a acquis le contrôle : (i) soit de la société antécédente donnée, (ii) soit d’une société (appelée « société remplacée » à la présente définition) dont la société antécédente donnée est une société antécédente; b) immédiatement avant l’acquisition de contrôle ou une série d’opérations ou d’événements la comprenant, le contribuable, l’autre société antécédente ou une société résidant au Canada dont le contribuable ou l’autre société antécédente est une filiale à cent pour cent, en ce sens, n’avait aucun lien de dépendance (autrement qu’à cause d’un droit visé à l’alinéa (a) the particular taxpayer, (c) a foreign affiliate of an entity described in any of paragraphs (a) and (b) and (d) to (f), (e) a partnership of which an entity described in any of paragraphs (a) to (d) and (f) is a member, or (f) an entity (other than an entity described in any of paragraphs (a) to (e)) with which an entity described in any of paragraphs (a) to (e) does not deal at arm’s length; (acheteur déterminé) 251(5)(b)) avec la société antécédente donnée ou la société remplaçante, selon le cas. (designated acquired corporation) société antécédente En ce qui concerne une société donnée : a) toute société remplacée, au sens du paragraphe 87(1), relativement à une fusion à laquelle le paragraphe 87(11) est appliqué et dont la société donnée est issue; b) toute société remplacée, au sens du paragraphe 87(1), de la société (appelée « première société fusionnée » à la présente définition) issue de la fusion de la société remplacée et d’une autre société si, à la fois : (i) des actions du capital-actions de la société remplacée qui n’appartenaient pas à l’autre société, et à une société dont l’autre société est une filiale à cent pour cent, ont été échangées lors de la fusion contre des actions du capital-actions de la première société fusionnée ou de celle-ci et d’actions, acquises dans le cadre de la fusion, d’une société dont le seul objet est de faire l’acquisition et de détenir temporairement des actions, et (ii) la première société fusionnée était une société remplacée, au sens du paragraphe 87(1), relativement à une fusion à laquelle le paragraphe 87(11) s’est appliqué et dont la société donnée est issue, (iii) la fusion visée au sous-alinéa (ii) a été effectuée dans le cadre d’une série d’opérations ou d’événements comprenant la fusion visée au sous-alinéa (i); c) toute société qui a été liquidée dans la société donnée lors d’une liquidation à laquelle le paragraphe 88(1) s’est appliqué; d) toute société antécédente d’une société antécédente de la société donnée. (antecedent corporation) société de fiducie Comprend une société résidant au Canada qui est une société de prêt au sens du paragraphe 2(1) de la Loi canadienne sur les paiements. (trust company) société étrangère affiliée Quant à une société qui, à un moment donné, est une société étrangère affiliée d’un contribuable qui réside au Canada, société non-résidente dans laquelle, à la fois : a) le pourcentage d’intérêt du contribuable est d’au moins 1 % à ce moment; b) le total du pourcentage d’intérêt du contribuable et de celui de chacune des personnes qui lui est liée est d’au moins 10 % à ce moment, chaque pourcentage étant déterminé comme si le calcul prévu à l’alinéa b) de la définition de pourcentage d’intérêt au paragraphe (4) était effectué comme tout ou partie du pourcentage d’intérêt d’une personne dans le contribuable ou dans une personne liée à celui-ci. Toutefois nulle société ne peut être une société étrangère affiliée d’une société de placement appartenant à des non-résidents. (foreign affiliate) société étrangère affiliée contrôlée Société étrangère affiliée d’un contribuable résident au Canada qui, à un moment donné, selon le cas : a) est contrôlée par le contribuable; b) serait contrôlée par le contribuable si celui-ci était propriétaire des actions suivantes : (i) les actions du capital-actions de la société affiliée qui lui appartiennent à ce moment, (ii) les actions du capital-actions de la société affiliée qui appartiennent, à ce moment, à des personnes ayant un lien de dépendance avec lui, (iii) les actions du capital-actions de la société affiliée qui appartiennent, à ce moment, à des personnes (appelées chacune « actionnaire canadien intéressé » à la présente définition), faisant partie d’un groupe d’au plus quatre personnes (ce nombre étant déterminé indépendamment de l’existence ou de l’absence de tout lien, rapport ou action concertée entre les membres du groupe), qui, à la fois : (A) résident au Canada, (B) ne sont pas le contribuable ni une personne visée au sous-alinéa (ii), (C) sont propriétaires, à ce moment, d’actions du capital-actions de la société affiliée, (iv) les actions du capital-actions de la société affiliée qui appartiennent, à ce moment, à des personnes ayant un lien de dépendance avec un actionnaire canadien intéressé. (controlled foreign affiliate) société remplacée déterminée En ce qui concerne une société donnée : a) toute société actinérante de la société donnée; Determination of certain components of foreign accrual property income (i) the income or loss 2 une personne qui contrôle le contribuable, 3 une personne contrôlée par le contribuable, 4 une personne contrôlée par une personne qui contrôle le contribuable, (III) la société étrangère affiliée donnée ou une société de personnes dont elle est un associé, dans la mesure où les activités se produisent pendant que la société affiliée donnée est un associé admissible de la société de personnes, (IV) une société de personnes dont une autre société étrangère affiliée du contribuable, dans laquelle celui-ci a une participation admissible tout au long de l’année, est un associé, dans la mesure où les activités se produisent pendant que l’autre société affiliée est un associé admissible de la société de personnes, (B) d’autre part, en cas d’application des subdivisions (A)(I), (II) et (IV), dans le calcul du montant qui constitue, aux termes du règlement, les gains ou les pertes des personnes ci-après provenant d’une entreprise exploitée activement dans un pays étranger : (I) l’autre société étrangère affiliée visée aux subdivisions (A)(I) ou (IV), à supposer que le revenu soit gagné par elle, (II) la compagnie d’assurance-vie visée à la subdivision (A)(II), à supposer qu’elle soit une société étrangère affiliée du contribuable et que le revenu soit gagné par elle, (ii) le revenu ou la perte est tiré de sommes payées ou payables, directement ou indirectement, à la société affiliée donnée ou à une société de personnes dont elle est un associé par l’une des entités suivantes : (A) une compagnie d’assurance-vie qui réside au Canada et qui est le contribuable, une personne qui le contrôle ou qui contrôle une personne contrôlée par le contribuable ou une personne contrôlée par une personne qui contrôle le contribuable, dans la mesure où les sommes en cause se rapportent à des dépenses qui sont déductibles au cours d’une année d’imposition par la compagnie d’assurance-vie au cours de son année d’imposition dans le calcul de son revenu ou de sa perte pour une année d’imposition provenant de l’exploitation de son entreprise d’assurance-vie à l’étranger, mais qui ne sont pas déductibles dans le calcul de son revenu ou de sa perte pour une année d’imposition provenant de l’exploitation de son entreprise d’assurance-vie au Canada, (B) selon le cas : (I) une autre société étrangère affiliée du contribuable dans laquelle celui-ci a une participation admissible tout au long de l’année, dans la mesure où les sommes en cause se rapportent à des dépenses qui sont déductibles par cette autre société affiliée dans le calcul des sommes qui constituent, aux termes du règlement, ses gains ou ses pertes pour une année d’imposition provenant d’une entreprise exploitée activement, sauf une entreprise exploitée activement au Canada, (II) une société de personnes dont une autre société étrangère affiliée du contribuable dans laquelle celui-ci a une participation admissible tout au long de l’année est un associé admissible tout au long de chaque période, comprise dans l’exercice de la société de personnes se terminant dans l’année, au cours de laquelle cette autre société affiliée était un associé de la société de personnes, dans la mesure où les sommes en cause se rapportent à des dépenses qui sont déductibles par la société de personnes dans le calcul de la part de cette autre société affiliée sur le revenu ou la perte de la société de personnes, pour un exercice, qui est incluse dans le calcul des sommes qui constituent, aux termes du règlement, les gains ou les pertes de l’autre société affiliée pour une année d’imposition provenant d’une entreprise exploitée activement, sauf une entreprise exploitée activement au Canada, (C) une société de personnes dont la société affiliée donnée est un associé admissible tout au long de chaque période, comprise dans l’exercice de la société de personnes se terminant dans l’année, au cours de laquelle la société affiliée donnée était un associé de la société de personnes, dans la mesure où les sommes en cause se rapportent à des dépenses qui sont déductibles par la société de personnes dans le calcul de la part de la société affiliée donnée sur le revenu ou la perte de la société de personnes, pour un exercice, qui est incluse dans le calcul des where (V) [Repealed, 2014, c. 39, s. 25] sommes qui constituent, aux termes du règlement, les gains ou les pertes de la société affiliée donnée pour une année d’imposition provenant d’une entreprise exploitée activement, sauf une entreprise exploitée activement au Canada, (D) une autre société étrangère affiliée du contribuable (appelée « deuxième société affiliée » à la présente division) dans laquelle celui-ci a une participation admissible tout au long de l’année, dans la mesure où les sommes en cause sont payées ou payables par la deuxième société affiliée, pour une période donnée de l’année, en règlement d’une obligation légale de payer des intérêts relativement à l’argent emprunté ou à une somme payée pour un bien acquis en vue de gagner un revenu de biens, dans le cas où les conditions suivantes sont réunies : (I) les biens en cause sont, tout au long de la période donnée, des biens exclus de la deuxième société affiliée qui constituent des actions du capital-actions d’une société (appelée « troisième société affiliée » à la présente division) qui est, tout au long de la période donnée, une société étrangère affiliée du contribuable (autre que la société affiliée donnée) relativement à laquelle celui-ci a une participation admissible, (II) en ce qui concerne chacune de la deuxième société affiliée et de la troisième société affiliée pour chacune de leurs années d’imposition (appelée chacune « année pertinente » à la présente subdivision) se terminant dans l’année, selon le cas : 1 la société affiliée en cause est assujettie à l’impôt sur le revenu dans un pays étranger au cours de cette année pertinente, 2 les membres ou les actionnaires de la société affiliée en cause (qui, pour l’application de la présente sous-subdivision, comprend une personne qui a, directement ou indirectement, un intérêt ou, pour l’application du droit civil, un droit sur une action du capital-actions de cette société affiliée ou une participation dans celle-ci) à la fin de cette année pertinente sont assujettis à l’impôt sur le revenu dans un pays étranger, sur la totalité ou la presque totalité du revenu de la société affiliée en cause pour cette année pertinente, au cours de leur année d’imposition dans laquelle cette année pertinente prend fin, (III) [Abrogé, 2014, ch. 39, art. 25] (iii) le revenu ou la perte est tiré par la société affiliée donnée de l’affacturage de comptes clients qu’elle a acquis, ou qu’a acquis une société de personnes dont elle est un associé, auprès d’une autre société étrangère affiliée du contribuable dans laquelle celui-ci a une participation admissible tout au long de l’année, dans la mesure où les créances ont pris naissance dans le cours des activités d’une entreprise exploitée activement dans un pays étranger par cette autre société affiliée, (iv) le revenu ou la perte est tiré par la société affiliée donnée de la disposition de biens exclus qu’elle a acquis, ou qu’a acquis une société de personnes dont elle est un associé, auprès d’une autre société étrangère affiliée du contribuable dans laquelle celui-ci a une participation admissible tout au long de l’année, dans la mesure où les prêts ont été consentis, ou les titres détenus, dans le cours des activités d’une entreprise exploitée activement dans un pays étranger par cette autre société affiliée, (v) le revenu ou la perte est tiré par la société affiliée donnée de la disposition de biens exclus qui ne sont pas un bien immobilisation, (vi) le revenu ou la perte est tiré par la société affiliée donnée en vertu ou par suite d’une convention qui prévoit l’achat, la vente ou l’échange de monnaie et qu’il est raisonnable de considérer comme ayant été conclue par la société affiliée donnée en vue de réduire, selon le cas : (A) le risque que présentent pour elle — pour ce qui est d’une somme qui accroît la somme à inclure en application du présent alinéa dans le calcul de son revenu pour une année d’imposition provenant d’une entreprise exploitée activement ou qui réduit la somme à inclure en application du présent alinéa dans le calcul de sa perte pour une année d’imposition provenant d’une entreprise exploitée activement — les fluctuations de la valeur de la monnaie dans laquelle la somme était libellée, (B) le risque que présentent pour elle — pour ce qui est d’une somme qui réduit la somme à inclure en application du présent alinéa dans le calcul de son revenu pour une année d’imposition provenant d’une entreprise exploitée activement ou qui accroît la somme à inclure en application du présent alinéa dans le calcul de sa perte pour une année d’imposition provenant d’une entreprise exploitée activement — les fluctuations de la valeur de la monnaie dans laquelle la somme était libellée; a.1) est à inclure dans le calcul du revenu, pour une année d’imposition, provenant d’une entreprise autre qu’une entreprise exploitée activement d’une société étrangère affiliée d’un contribuable le revenu de la société affiliée pour l’année tiré de la vente de biens (y compris, pour l’application du présent alinéa, son revenu pour l’année tiré de la prestation de services, de titre de mandataire dans le cadre de l’achat ou de la vente de biens), dans le cas où, à la fois : (i) il est raisonnable de conclure que le coût des biens pour une personne (sauf des biens qui sont des biens désignés) entre dans le calcul du revenu provenant d’une entreprise exploitée activement par une société affiliée étrangère d’un contribuable au Canada avec celui-ci à un lien de dépendance, soit dans le calcul du revenu provenant d’une entreprise exploitée au Canada par une personne non-résidente avec laquelle le contribuable a un lien de dépendance, (ii) les biens, à la fois : (A) n’ont pas été manufacturés, produits, cultivés, extraits ou transformés dans le pays où l’entreprise de la société affiliée est principalement exploitée et sous le régime des lois duquel la société affiliée est régie et, selon le cas, existe, a été constituée ou organisée (sauf si elle a été prorogée dans un territoire quelconque) ou a été prorogée la dernière fois, (B) ne sont pas des droits réels sur des immeubles, ou des biens réels, situés dans le pays où l’entreprise de la société affiliée est principalement exploitée et sous le régime des lois duquel la société affiliée est régie et, selon le cas, existe, a été constituée ou organisée (sauf si elle a été prorogée dans un territoire quelconque) ou a été prorogée la dernière fois, ni des avoirs miniers étrangers à l’égard de ces biens, (C) ne sont pas des dettes ou des obligations découlant de baux d’une personne résidant au Canada, ou des dettes ou des obligations découlant de baux relatives à une entreprise exploitée au Canada, ou qui ont été achetées et vendues par la société affiliée pour son propre compte, de plus, lorsque l’application du présent alinéa donne lieu à une telle inclusion : (iv) if subparagraph (iii) applies to include income of the affiliate in respect of the ceding of specified Canadian risks, (iii) la vente des biens est réputée constituer une entreprise distincte, autre qu’une entreprise exploitée activement, que la société affiliée exploite, (iv) tout revenu de la société affiliée qui se rapporte ou est accessoire à l’entreprise distincte est réputé être un revenu provenant d’une entreprise autre qu’une entreprise exploitée activement, toutefois, aucun montant n’est à inclure en vertu du présent alinéa si plus de 90 % du revenu brut tiré par la société affiliée pour l’année tiré de la vente de biens (sauf en lien dont la vente a donné lieu à un revenu qui n’est pas inclus dans le calcul du revenu tiré d’une entreprise autre qu’une entreprise exploitée activement de la société affiliée en vertu du présent alinéa par l’effet de l’alinéa (2.3)1)) provient de la vente de tels biens (sauf un bien visé aux sous-alinéa (i)) à des personnes avec lesquelles la société affiliée n’a aucun lien de dépendance, à des fins, en lien en question concernant la vente, à une société non-résidente avec laquelle la société affiliée n’a aucun lien de dépendance, de biens que la société affiliée n’a aucun lien de dépendance; a.2) aux fins du calcul du revenu, pour une année d’imposition, provenant d’une entreprise autre qu’une entreprise exploitée activement d’une société étrangère affiliée d’un contribuable, les règles ci-après s’appliquent : (i) est à inclure le revenu de la société affiliée pour l’année tirée de l’assurance des risques canadiens déterminés (lequel comprend, pour l’application du présent alinéa, le revenu pour l’année tirée de la réassurance de risques canadiens déterminés), sauf si plus de 90 % du revenu brut tiré de primes de la société affiliée pour l’année provenant de l’assurance de risques (moins les risques cédés à un réassureur) se rapporte à l’assurance de risques, autres que des risques canadiens déterminés, de personnes avec lesquelles la société affiliée n’a aucun lien de dépendance, (ii) si, par l’effet du sous-alinéa (i), un montant de revenu de la société affiliée tiré de l’assurance de risques canadiens déterminés est inclus dans le calcul de son revenu provenant d’une entreprise autre qu’une entreprise exploitée activement, les règles ci-après s’appliquent : (a.23) for the purposes of paragraphs (a.2), (a.21) and (a.24), specified Canadian risk means a risk in respect of (i) a person resident in Canada, (a.24) for the purposes of paragraph (a.2), (ii) la société affiliée, ou une personne ou une société de personnes avec laquelle elle a un lien de dépendance, conclut un ou plusieurs accords ou arrangements relatifs au groupe de polices étrangères, (iii) il est raisonnable — ou le serait si la société affiliée avait conclu les accords ou arrangements conclus par la personne ou la société de personnes — de considérer que les possibilités, pour la société affiliée, de subir ou de réaliser des gains ou des bénéfices relativement au groupe de polices étrangères, ou encore avec les possibilités pour elle de subir des pertes ou de réaliser des gains ou des bénéfices relativement aux accords ou arrangements, sont déterminées, en tout ou en partie, par rapport à un ou à plusieurs des critères ci-après relatifs à un ou à plusieurs risques assurés par une autre personne ou société de personnes (appelés groupe de polices de repère au présent alinéa) : (A) la juste valeur marchande du groupe de polices de repère, (B) les recettes, le revenu, le gain net ou le flux de trésorerie tirés du groupe de polices de repère, (C) tout autre critère semblable, (iii) au moins 10 % du groupe de polices de repère est constitué de risques canadien déterminés; a.22) Si les conditions énoncées à l’alinéa a.21) sont réunies relativement à une société étrangère affiliée d’un contribuable, ou à une société étrangère affiliée d’un autre contribuable avec lequel le contribuable a un lien de dépendance, et que l’activité de la société étrangère affiliée donnée du contribuable, ou une société de personnes dont celle-ci est un associé, a conclu un ou plusieurs accords ou arrangements visés à cet alinéa, les règles ci-après s’appliquent : (i) les activités exercées dans le cadre de ces accords ou arrangements sont réputées constituer une entreprise distincte, autre qu’une entreprise exploitée activement, qu’exploite la société affiliée donnée dans la mesure où il est raisonnable de considérer qu’elles sont exercées dans le but de tirer le résultat visé au sous-alinéa a.21(ii), (ii) tout revenu de la société affiliée donnée provenant de l’entreprise (y compris le revenu accessoire à l’entreprise ou s’y rapportant) est réputé être un revenu provenant d’une entreprise autre qu’une entreprise exploitée activement; (i) of persons resident in Canada, or a.23) pour l’application des alinéas a.2), a.21) et a.24), risques canadiens déterminés s’entend d’un risque visant, selon le cas : (i) une personne résidant au Canada, (ii) un bien situé au Canada, (iii) une entreprise exploitée au Canada; a.24) pour l’application de l’alinéa a.2), les règles ci-après s’appliquent : (i) des risques réputés être des risques canadiens déterminés d’une société étrangère affiliée donnée si les conditions ci-après s’avèrent : (A) dans le cadre d’une opération ou d’une série d’opérations, la société affiliée donnée a un lien de dépendance avec la société affiliée donnée ou avec une autre société affiliée, ou (B) les risques ne seraient pas des risques canadiens déterminés s’ils n’étaient pas tenus en compte du présent alinéa, (C) il est raisonnable de conclure que l’un des motifs de l’opération ou de la série d’opérations consistait à éviter l’application de l’un des alinéas a.2) à a.22), (ii) si la société affiliée donnée — ou une société étrangère affiliée d’un autre contribuable, ou cet autre contribuable ou cette autre société affiliée, ou une société de personnes dont cet autre contribuable ou cette autre société affiliée est un associé, a un lien de dépendance avec la société affiliée donnée — conclut un ou plusieurs accords ou arrangements relatifs à des risques qui sont réputés par le sous-alinéa (i) être des risques canadiens déterminés : (A) d’une part, les activités exercées dans le cadre de ces accords ou arrangements sont réputées constituer une entreprise distincte, autre qu’une entreprise active, exploitée par la société affiliée donnée ou l’autre société affiliée, selon le cas, (B) d’autre part, tout revenu de la société affiliée donnée ou de l’autre société affiliée, selon le cas, provenant de l’entreprise (y compris le revenu accessoire à l’entreprise ou s’y rapportant) est réputé être un revenu provenant d’une entreprise autre qu’une entreprise exploitée activement; a.3) est à inclure dans le calcul du revenu, pour une année d’imposition, provenant d’une entreprise, autre qu’une entreprise exploitée activement, d’une société étrangère affiliée d’un contribuable le revenu de cette société affiliée pour l’année tiré, directement ou indirectement, de dettes et d’obligations découlant de l’achat de personnes résidant au Canada ou de dettes et de telles obligations se rapportant à des entreprises exploitées au Canada (y compris, pour l’application du présent alinéa, le revenu de la société affiliée pour l’année tiré de l’achat et de la vente de dettes et de telles obligations pour son propre compte, mais à l’exclusion du revenu exclu); dès lors que l’application du présent alinéa donne lieu à une telle inclusion : (i) les activités exercées afin de gagner un tel revenu sont réputées constituer une entreprise distincte, autre qu’une entreprise exploitée activement, que la société affiliée exploite, (ii) tout revenu de la société affiliée qui se rapporte ou est accessoire à l’entreprise distincte est réputé être un revenu provenant d’une entreprise autre qu’une entreprise exploitée activement; toutefois, aucun montant n’est inclus au revenu de la so
A trustee of a trust is personally liable to pay to the Receiver General on behalf of the trust the full amount of any tax payable by the trust under this Part to the extent that the amount is not paid to the Receiver General within the time specified in subsection 210.2(5), and the trustee is entitled to recover from the trust any such amount paid by the trustee.
avec laquelle celui-ci a un lien de dépendance, ou serait ainsi incluse si la société de personnes avait un revenu ou une perte pour ces exercices, représentée par le rapport entre : (i) d’une part, le total des montants représentant chacun le revenu ou la perte de la société de personnes pour ses exercices se terminant dans l’année qui sont inclus directement ou indirectement dans le calcul du revenu ou de la perte d’un contribuable ou d’une personne résidant au Canada avec laquelle celui-ci a un lien de dépendance, (ii) d’autre part, le total des montants représentant chacun le revenu ou la perte de la société de personnes pour ses exercices qui se terminent dans l’année, ou plus, lorsque l’application du présent alinéa donne lieu à une telle inclusion : (iii) les activités exercées afin de gagner cette partie du revenu de la société affiliée pour l’année sont réputées constituer une entreprise distincte, autre qu’une entreprise exploitée activement, de sorte que, pour l’application du présent alinéa, le revenu qui est tiré de cette entreprise, qui s’y rapporte ou qui y est (iv) tout revenu de la société affiliée qui se rapporte ou est accessoire à l’entreprise distincte est réputé être un revenu tiré d’une entreprise autre qu’une entreprise exploitée activement, pour l’application du présent alinéa, lorsque le revenu ou la perte d’une société de personnes pour un exercice qui se termine dans l’année est nul, la partie du revenu de la société affiliée qui est à inclure dans son revenu pour l’année tiré d’une entreprise autre qu’une entreprise exploitée activement est déterminée comme si la société de personnes avait un revenu de 1 000 000 $ pour cet exercice; toutefois, aucun montant n’est à inclure en vertu du présent alinéa si plus de 90 % du revenu de la société de personnes découle directement ou indirectement de dettes et d’obligations découlant de baux de biens immeubles ou de dettes et d’obligations découlant de baux de biens meubles de personnes non-résidentes avec lesquelles la société affiliée n’a aucun lien de dépendance (sauf les dettes et les obligations découlant de baux d’une société de personnes visée au présent alinéa); b) la fourniture, par une société étrangère affiliée d’un contribuable, de services ou d’un engagement de fournir des services est réputée constituer une entreprise distincte, autre qu’une entreprise exploitée activement, que la société affiliée exploite, et le revenu qui est tiré de cette entreprise, qui s’y rapporte ou qui y est (A – B) × C/D where accessoire est réputé être un revenu tiré d’une entreprise autre qu’une entreprise exploitée activement, dans la mesure où, selon le cas : (i) les sommes payées ou payables en contrepartie de ces services ou de cet engagement : (A) soit sont déductibles dans le calcul du revenu tiré d’une entreprise exploitée au Canada par l’un des contribuables ci-après, ou peuvent raisonnablement être considérées comme se rapportant à des sommes qui sont déductibles dans ce calcul : (I) un contribuable dont la société affiliée est une société étrangère affiliée, (II) un autre contribuable qui a un lien de dépendance avec la société affiliée ou avec un contribuable dont celle-ci est une société étrangère affiliée, (B) soit sont déductibles dans le calcul du revenu étranger accumulé, tiré des biens d’une société étrangère affiliée d’un des contribuables ci-après, ou peuvent raisonnablement être considérées comme se rapportant à des sommes qui sont déductibles dans ce calcul : (I) un contribuable dont la société affiliée est une société étrangère affiliée, (II) un autre contribuable qui a un lien de dépendance avec la société affiliée ou avec un contribuable dont celle-ci est une société étrangère affiliée, (ii) les services sont exécutés ou doivent l’être par : (A) tout contribuable dont la société affiliée est une société étrangère affiliée, (B) une personne déterminée qui a un lien de dépendance : (I) soit avec la société affiliée, (II) soit avec un contribuable dont la société affiliée est une société étrangère affiliée, (C) une société de personnes dont l’un des associés est une personne visée aux divisions (A) ou (B), (D) une société de personnes dans laquelle une personne ou une société de personnes visée à l’une des divisions (A) à (C), directement ou indirectement, une participation); c) lorsqu’une société étrangère affiliée d’un contribuable (appelée « société cédante » au présent alinéa) a disposé d’une immobilisation (sauf un bien dont le prix de base rajusté, au moment de la disposition, excède la somme qui, en l’absence du présent alinéa, représenterait le produit de disposition du bien pour la société cédante relativement à la disposition) constituée d’actions du capital-actions d’une société étrangère affiliée du contribuable (appelées « actions cédées » au présent alinéa) en faveur d’une société qui, immédiatement après la disposition, était une société étrangère affiliée du contribuable (appelée « acquéreur » au présent alinéa) moyennant une contrepartie composée d’actions du capital-actions de l’acquéreur, les règles ci-après s’appliquent : (i) le coût, pour la société cédante, de tout bien (sauf des actions du capital-actions de l’acquéreur) à recevoir par elle en contrepartie de la disposition est réputé correspondre à la juste valeur marchande de ce bien à ce moment, (ii) le coût, pour la société cédante, de chacune des actions du capital-actions de l’acquéreur qu’elle est réputée avoir reçues en contrepartie de la disposition est réputé correspondre à la somme obtenue par la formule suivante : (A – B) × C/D où : A représente le total des sommes dont chacune représente le prix de base rajusté d’une action cédée par la société cédante au moment de la disposition, relativement au contribuable, B la juste valeur marchande, au moment de la disposition, de la contrepartie reçue pour la disposition (sauf des actions du capital-actions de l’acquéreur), C la juste valeur marchande de l’action immédiatement après la disposition, D la juste valeur marchande, immédiatement après la disposition, des actions du capital-actions de l’acquéreur qui sont à recevoir par la société cédante en contrepartie de la disposition, (iii) le produit de disposition des actions pour la société cédante est réputé correspondre au coût, pour elle, de l’ensemble des actions et des autres biens à recevoir par elle de l’acquéreur en contrepartie de la disposition, (iv) le coût pour l’acquéreur des actions acquises de la société cédante est réputé correspondre au produit de disposition mentionné au sous-alinéa (iii); d) en cas de fusion étrangère dans le cadre de laquelle des actions, appartenant à une société étrangère affiliée d’un contribuable, du capital-actions d’une société qui était une société étrangère remplacée immédiatement avant la fusion ont été échangées contre des actions du capital-actions de la nouvelle société étrangère ou de la société mère étrangère, ou sont devenues de telles actions, le paragraphe 87(4) s’applique à la société étrangère affiliée, avec les modifications suivantes : (i) les mentions de « fusion » valent mention de « fusion étrangère »; (ii) les mentions de « société remplacée » valent mention de « société étrangère remplacée »; (iii) les mentions de « nouvelle société » valent mention de « nouvelle société étrangère ou de la société mère étrangère »; (iv) les mentions de « prix de base rajusté, pour lui, relativement au contribuable » valent mention de « prix de base appropriés, relativement au contribuable, pour l’actionnaire »;
Subsections 150(2) and 150(3), sections 152 and 158, subsections 161(1) and 161(11), sections 162 to 167 and Division J of Part I are applicable to this Part with such modifications as the circumstances require. Where no designated beneficiaries
d.1) s’il y a fusion étrangère de plusieurs sociétés étrangères remplacées dont est issue une nouvelle société étrangère qui est, immédiatement après la fusion, une société étrangère affiliée d’un contribuable et qu’une ou plusieurs des sociétés remplacées (appelées chacune « société affiliée remplacée » au présent alinéa) étaient, immédiatement avant la fusion, une société étrangère affiliée du contribuable, les règles ci-après s’appliquent : (i) chaque bien de la nouvelle société étrangère qui était un bien d’une société affiliée remplacée immédiatement avant la fusion est réputé : (A) d’une part, avoir fait l’objet d’une disposition par la société affiliée remplacée immédiatement avant la fusion pour un produit de disposition égal au prix de base approprié du bien pour elle, relativement au contribuable, à ce moment, (B) d’autre part, avoir été acquis à ce moment par la nouvelle société étrangère à un coût égal à la somme déterminée selon la division (A), (ii) la nouvelle société étrangère est réputée être la même société que chaque société affiliée remplacée (A – B)/C where et en être la continuation pour l’application des dispositions suivantes : (A) le présent paragraphe et la définition de revenu étranger accumulé, tiré de biens, au paragraphe (1), relativement à toute disposition effectuée par la nouvelle société étrangère, d’un bien auquel le sous-alinéa (i) s’applique, (B) les paragraphes 13(21.2), 18(15) et 40(3.4) relativement à un bien dont une société affiliée remplacée a disposé avant la fusion, (C) l’alinéa 40(3.5)c) relativement à une action qui était réputée en être celle d’un actionnaire, avant la fusion, à une société affiliée remplacée, (iii) pour l’application de l’élément A.2 de la formule figurant à la définition de revenu étranger accumulé, tiré de biens au paragraphe (1), le total des sommes dont chacune représente l’élément G, déterminée relativement à une société affiliée remplacée pour sa première année d’imposition se terminant avant la fusion et à un bien de la société affiliée remplacée pour sa première année d’imposition qui précède sa première année d’imposition; e) malgré le paragraphe (69)5, si une société étrangère affiliée (appelée « société actionnaire » au présent alinéa) d’un contribuable reçoit, à un moment donné, un bien (appelé « bien distribué » au présent alinéa) d’une autre société étrangère affiliée (appelée « société cédante » au présent alinéa) du contribuable lors de la liquidation et dissolution de la société cédante et le bien distribué est reçu au titre d’actions du capital-actions de celle-ci dont il est disposé lors de la liquidation et dissolution, les règles ci-après s’appliquent : (i) la société cédante est réputée avoir disposé du bien distribué à ce moment en faveur de la société actionnaire pour un produit de disposition égal à son prix de base rajusté pour la société cédante, relativement au contribuable, immédiatement avant ce moment, si le cas : (A) la liquidation et dissolution est une liquidation et dissolution désignées de la société cédante, (B) le bien distribué est une action du capital-actions d’une autre société étrangère affiliée du contribuable qui était, immédiatement avant ce moment, un bien exclu de la société cédante, C (e.1) [Repealed, 2013, c. 34, s. 70] (i) capital gain, capital loss, taxable capital gain or allowable capital loss from a disposition of a property, or (ii) si le sous-alinéa (i) ne s’applique pas au bien distribué, la société cédante est réputée avoir disposé de ce bien à ce moment en faveur de la société actionnaire pour un produit de disposition égal à sa juste valeur marchande à ce moment, (iii) la société actionnaire est réputée avoir acquis le bien distribué à ce moment à un coût égal à la somme qui, selon les sous-alinéas (i) ou (ii), représente le produit de disposition pour la société cédante, (iv) chaque action d’une catégorie du capital-actions de la société cédante dont la société actionnaire dispose lors de la liquidation et dissolution de la société cédante est réputée avoir donné lieu à un produit de disposition égal à une des sommes ci-après qui est applicable : (A) si la liquidation et dissolution est une liquidation et dissolution désignées de la société cédante : (I) dans le cas où la somme qui serait déterminée selon la division (B) relativement à l’action pour la société actionnaire immédiatement avant la disposition excède le prix de base rajusté de l’action pour la société actionnaire immédiatement avant la disposition, ce prix de base rajusté, (II) dans les autres cas, la somme qui serait déterminée selon la division (B) relativement à l’action si cette division s’appliquait : 1 si l’action n’est pas un bien exclu de la société actionnaire, ce prix de base rajusté, 2 dans les autres cas, la somme qui serait déterminée selon la division (B), (B) dans les autres cas, la somme obtenue par la formule suivante : (A – B)/C où : A représente le total des sommes dont chacune représente le coût pour la société actionnaire d’un bien distribué, déterminé selon le sous-alinéa (iii), reçu à un moment quelconque au titre de la catégorie, B le total des sommes dont chacune représente une somme due (sauf un dividende non versé) par la société cédante, ou une obligation de celle-ci, qui a été assumée ou annulée par la société actionnaire en contrepartie de la distribution d’un bien distribué visé à l’élément A, C le nombre total d’actions émises et en circulation de la catégorie qui appartiennent à la société actionnaire pendant la liquidation et dissolution, (v) si la liquidation et dissolution est une liquidation et dissolution désignées de la société cédante : (A) la société actionnaire est réputée être la même société que la société cédante et en être la continuation pour l’application des dispositions suivantes : (I) le présent paragraphe et la définition de revenu étranger accumulé, tiré de biens au paragraphe (1), relativement à toute disposition par la société actionnaire d’un bien auquel le division (j)(A) s’applique, (II) les paragraphes 113(1), 115(1) et 40(3.4) relativement à tout bien dont la société cédante était propriétaire avant la liquidation et dissolution, (III) l’alinéa 40(3.5)c) relativement à toute action qui était réputée en vertu de cet alinéa appartenir à la société cédante avant la liquidation et dissolution, (B) pour l’application de l’élément A.2 de la formule figurant à la définition de revenu étranger accumulé, tiré de biens, au paragraphe (1), la valeur de l’élément G, déterminée relativement à la société cédante pour sa première année d’imposition se terminant après la date de la liquidation et dissolution, est à ajouter à la valeur de cet élément, déterminée par ailleurs relativement à la société actionnaire pour son année d’imposition précédant celle qui comprend le début de la liquidation et dissolution; e.1) [Abrogé, 2013, ch. 34, art. 70] f) sauf disposition contraire énoncée dans la présente sous-section et sauf indication contraire du contexte, une société étrangère affiliée d’un contribuable est réputée résider au Canada en tout temps lorsqu’il s’agit de déterminer, relativement au contribuable pour une année d’imposition de la société affiliée, chaque somme qui représente, selon le cas : (l) the amount determined under paragraph 59(1)(a) in respect of the disposition exceeds (i) le gain en capital, la perte en capital, le gain en capital imposable ou la perte en capital déductible de la société affiliée provenant de la disposition d’un bien, (ii) le revenu ou la perte de la société affiliée provenant d’un bien, d’une entreprise autre qu’une entreprise exploitée activement ou d’une entreprise non admissible; f.1) n’est pas à inclure dans le calcul d’une somme visée à l’alinéa f) relativement à un bien ou à une entreprise toute partie de la somme qu’il est raisonnable de considérer comme se étant accumulée relativement au bien (y compris, pour l’application du présent alinéa, tout bien qui lui est substitué) ou à l’entreprise pendant qu’aucune personne ou société de personnes ne détenait le bien ou exploitait l’entreprise n’était une personne ou société de personnes déterminée au contribuable visé à l’alinéa f); f.11) les règles ci-après s’appliquent au calcul d’une somme visée à l’alinéa f) pour une année d’imposition d’une société étrangère affiliée d’un contribuable : (i) si la somme est visée au sous-alinéa f)(i), la présente loi s’applique, à la fois : (A) comme non tenu de l’article 26 des Règles concernant l’application de l’impôt sur le revenu, (B) comme si, en ce qui concerne une créance dont est débitrice la société affiliée ou une société de personnes dont elle est un associé (appelée « débitrice » à la présente division), chaque gain en capital ou perte en capital de la débitrice qui est réputé se réaliser en vertu des paragraphes 39(2) ou (3) relativement à la créance provenant de la disposition d’un bien ou d’une entreprise tenait tout au long de la période où elle était débitrice de la créance et au moment de la disposition, (ii) si la somme est visée au sous-alinéa f)(ii) : (A) la présente loi s’applique compte non tenu des paragraphes 17(1), 18, 18.2(2) et 18.4(4) et de l’article 91; toutefois, lorsque la société affiliée est l’associé d’une société de personnes, le revenu ou la perte de la société de personnes est déterminé selon l’article 91 et la part de ce revenu ou de cette perte qui revient à la société affiliée est déterminée selon le paragraphe 96(1), (B) la société affiliée, si elle a disposé au cours de l’année d’un avoir minier étranger à l’égard d’un pays, est réputée avoir indiqué, relativement à la disposition et conformément au sous-alinéa 59(1)b)(ii) pour l’année, l’excédent de la somme visée à la subdivision (I) sur celle visée à la subdivision (II) : (I) la somme déterminée selon l’alinéa 59(1)a) relativement à la disposition, (II) la somme déterminée selon le sous-alinéa 59(1)b)(i) relativement à la disposition, (C) La présente loi s’applique comme si, en ce qui concerne une créance dont est débitrice la société affiliée contrôlée du contribuable à la fin de l’année d’imposition et que le contribuable n’est pas une entité exclue (au sens du paragraphe 18.2(1)) pour son année d’imposition (appelée « année du contribuable » à la présente division) dans laquelle prend fin l’année d’imposition : (I) malgré toute autre disposition de la présente loi, aucune déduction ne peut être faite, relativement à toute somme incluse dans les dépenses d’intérêts et de financement de la société affiliée pertinente (au sens du paragraphe 18.2(1)) de la société affiliée pour l’année d’imposition, jusqu’à concurrence de la proportion de cette somme obtenue par la première formule figurant au paragraphe 18.2(2) relativement au contribuable pour l’année du contribuable, (II) une somme égale à la somme qui serait incluse en vertu de l’alinéa 18.2(1)f) dans le calcul de la somme visée au sous-alinéa (I) pour l’année d’imposition est incluse dans le calcul de la somme visée au sous-alinéa f)(ii) pour l’année d’imposition, si, à la fois : 1 la division (A) s’appliquait compte non tenu de la mention du paragraphe 18.2(2), 2 la proportion qui s’appliquait pour l’application du sous-alinéa (ii) de l’élément B de la formule figurant à l’alinéa 12(1)(z) était celle obtenue par la première formule figurant au paragraphe 18.2(2) relativement au contribuable pour l’année du contribuable, (E) malgré les autres dispositions de la présente loi, aucune déduction ne peut être faite relativement à un ou plusieurs montants (chacun étant appelé « montant choisi » au présent paragraphe) si, à la fois : (I) le montant choisi, en l’absence de la présente division, de la division (D) et du paragraphe 18.2(19) : 1 était inclus dans les dépenses d’intérêts et de financement de la société affiliée pertinentes (au sens du paragraphe 18.2(1)) de la société étrangère affiliée pour l’année d’imposition, 2 était déduit lors du calcul du montant visé au sous-alinéa (ii), (II) le total des montants choisis correspond au moins élevé des montants suivants (calculé compte non tenu de la présente division, de la division (D) et du paragraphe 18.2(19)) : 1 la perte étrangère accumulée, relative à des biens (au sens du paragraphe 5903(3) du Règlement de l’impôt sur le revenu) de la société étrangère affiliée pour l’année d’imposition, 2 les dépenses d’intérêts et de financement de la société affiliée pertinentes (au sens du paragraphe 18.2(1)) de la société étrangère affiliée pour l’année d’imposition, (III) le contribuable présente au ministre, relativement aux montants choisis, un choix écrit en vertu de la présente division selon les modalités réglementaires, (IV) le choix précise les montants suivants : 1 chacun des montants choisis, 2 les dépenses d’intérêts et de financement de la société affiliée pertinentes (au sens du paragraphe 18.2(1)) de la société étrangère affiliée (calculées comme non tenu de la présente division et du paragraphe 18.2(19)) pour l’année d’imposition, 3 les dépenses d’intérêts et de financement de la société affiliée pertinentes (au sens du paragraphe 18.2(1)) de la société étrangère affiliée pour l’année d’imposition, 4 la perte étrangère accumulée, relative à des biens (au sens du paragraphe 5903(3) du Règlement de l’impôt sur le revenu) de la société étrangère affiliée (calculée comme non tenu de la présente division, de la division (D) et du paragraphe 18.2(19)) pour l’année d’imposition, 5 la perte étrangère accumulée, relative à des biens (au sens du paragraphe 5903(3) du Règlement de l’impôt sur le revenu) de la société étrangère affiliée, recalculée comme non tenu de la présente division, de la division (D) et du paragraphe 18.2(19)) pour l’année d’imposition, (V) le choix est présenté au plus tard à la date d’échéance de production applicable au contribuable pour son année d’imposition dans laquelle l’année d’imposition prend fin, (F) les règles suivantes s’appliquent aux fins de l’application du paragraphe 12.7(3) et des dispositions connexes de l’article 18.4 relativement à un paiement de la société étrangère affiliée, une société de personnes dont celle-ci est un associé, est bénéfique: (I) les définitions figurant au paragraphe 18.4(1) s’appliquent aux fins de l’application de la présente division, (II) le paragraphe 12.7(3) est réputé ne pas s’appliquer relativement au paiement, si les cas: 1 le revenu ou la perte de la société étrangère affiliée provenant du paiement est inclus dans le calcul du revenu ou de la perte de la société affiliée provenant d’une entreprise exploitée activement pour une année d’imposition en application du sous-alinéa a)(ii), 2 dans le cas d’un paiement qui est réputé, selon le paragraphe 18.4(9), être fait à la société étrangère affiliée ou à la société de personnes par une entité donnée relativement à une dépense d’intérêts théorique sur une dette donnée, tout revenu ou profit de la société étrangère affiliée provenant du paiement serait, selon les hypothèses pertinentes relatives au paiement, inclus dans le calcul de son revenu ou de sa perte provenant d’une entreprise exploitée activement pour une année d’imposition en application du sous-alinéa a)(ii). (III) pour l’application de la sous-subdivision (II)2, les hypothèses pertinentes relatives au paiement sont les suivantes : 1 le paiement représente un montant d’intérêts théorique payé par l’entité donnée à la société étrangère affiliée ou à la société de personnes, selon le cas, en vertu d’une obligation de payer des intérêts sur la dette donnée au cours de l’année d’imposition de la société étrangère affiliée ou de la société de personnes; 2 toute somme qui est déductible, à l’égard de la dépense d’intérêt théorique, est une somme déductible au titre d’une dépense pour laquelle le paiement a été effectué; (IV) la définition de revenu ordinaire canadien au paragraphe 18.4(1) s’applique comme si : 1 son sous-alinéa a)(ii) était remplacé par ce qui suit : « (ii) la somme est visée aux alinéas b), c) ou d) de l’élément A de la formule figurant à la définition de revenu étranger accumulé, tiré de biens au paragraphe 95(1), »; 2 l’élément D de la formule figurant à son alinéa a) était remplacé par ce qui suit : « D le total des sommes représentant chacune un montant, relativement au paiement, qui est inclus dans l’élément H de la définition de revenu étranger accumulé, tiré de biens au paragraphe 95(1) dans le calcul du revenu étranger accumulé, tiré de biens d’un associé de la société de personnes pour une année d’imposition; ». (g.02) [Repealed, 2013, c. 34, s. 70] f.12) toute société étrangère affiliée d’un contribuable est tenue de déterminer chacune des sommes ci-après au moyen de sa monnaie de calcul pour une année d’imposition : (i) sous réserve de l’alinéa f.13), chacun de ses gains en capital, pertes en capital, gains en capital imposables et pertes en capital déductibles (sauf un gain ou une perte relatif à une dette visée aux sous-alinéas (i)(i) ou (iii)) pour l’année provenant de la disposition, à un moment donné, d’un bien qui était son bien exclu et commun, (ii) son revenu ou sa perte pour l’année provenant de chaque entreprise exploitée activement par elle au cours de l’année dans un pays, (iii) son revenu ou sa perte qui est inclus, par l’effet de l’alinéa a), dans le calcul de son revenu ou de sa perte provenant d’une entreprise exploitée activement pour l’année; f.13) dans le cas où la monnaie de calcul d’une société étrangère affiliée d’un contribuable pour une année d’imposition de la société affiliée est une monnaie autre que le dollar canadien, la société affiliée est tenue de déterminer en dollars canadiens le montant de chacun de ses gains en capital imposables et pertes en capital déductibles pour l’année d’imposition, relativement au contribuable pour une année d’imposition de la société affiliée, qui est attribuable à son gain en capital ou gain en capital imposable provenant de la disposition d’un bien exclu au cours de l’année; à cette fin, le montant du gain en capital ou du gain en capital imposable déterminé par ailleurs selon le sous-alinéa f.12(i) au moyen de la monnaie de calcul de la société affiliée pour l’année est converti en son équivalent en dollars canadiens selon le taux de change affiché par la Banque du Canada le jour où la disposition a été effectuée ou tout autre taux de change que le ministre estime acceptable; f.14) toute société étrangère affiliée d’un contribuable est tenue de déterminer au moyen de la monnaie canadienne chaque montant de ses revenu, perte, gain en capital, perte en capital, gain en capital imposable ou perte en capital déductible pour une année d’imposition, sauf s’il s’agit d’une somme à laquelle les alinéas f.12), f.13) ou f.15) s’appliquent; f.15) pour l’application du sous-alinéa f)(i), chaque mention « monnaie canadienne » au paragraphe 39(2) vaut mention de « monnaie de calcul du contribuable » à la fois : (i) relativement à une créance dont est débitrice une société étrangère affiliée d’un contribuable, ou une société de personnes dont elle est un associé, qui est une dette visée aux sous-alinéas (i)(i) ou (ii), (ii) relativement à une convention visée au sous-alinéa (i)(iii) qui est conclue par la société étrangère affiliée d’un contribuable, ou par une société de personnes dont elle est un associé, g) le revenu gagné, la perte subie ou le gain en capital ou la perte en capital réalisé, selon le cas, au cours d’une année d’imposition, par une société étrangère affiliée donnée d’un contribuable dans laquelle celui-ci a une participation admissible tout au long de l’année et qui est une société étrangère affiliée contrôlée du contribuable tout au long de l’année, en raison d’une fluctuation de la valeur de la monnaie d’un pays étranger par rapport à la valeur de la monnaie canadienne, est réputé être nul s’il est gagné, subi ou réalisé par rapport à l’une des causes suivantes : (i) une dette due : (A) soit à une autre société étrangère affiliée du contribuable dans laquelle celui-ci a une participation admissible tout au long de l’année (cette société étrangère affiliée étant désignée, pour l’application du présent alinéa) par la société affiliée donnée, (B) soit à la société affiliée donnée par une société étrangère admissible, (ii) le rachat, l’annulation ou l’acquisition d’une action de capital-actions d’une société étrangère admissible par celle-ci ou un remboursement de capital admissible au sens du paragraphe 90(3), relatif à une telle action, (iii) la disposition, en faveur d’une société étrangère admissible, d’une action du capital-actions d’une autre société étrangère admissible; g.01) tout revenu ou gain en capital ou toute perte ou perte en capital d’une société étrangère affiliée d’un contribuable découlant d’une convention qui prévoit l’achat, la vente ou l’échange de monnaie et qu’il est raisonnable de considérer comme ayant été conclue par la société affiliée afin de réduire le risque que présentent pour elle — pour ce qui est d’une source à l’égard de laquelle a été déterminé un revenu, un gain ou une perte donné ou répété être nul en vertu de l’alinéa g) — les fluctuations de la valeur de la monnaie, est réputé être nul jusqu’à concurrence de la valeur absolue du revenu, du gain ou de la perte donné; g.02) [Abrogé, 2013, ch. 34, art. 70] A/B where A/(B × C) where g.03) dans le cas où la société affiliée étrangère donnée visée à l’alinéa g), ou la société étrangère admissible visée à cet alinéa, est l’associé d’une société de personnes à un moment donné : (i) pour l’application du présent alinéa, toute somme due, à ce moment, par un débiteur à la société de personnes dont la société affiliée étrangère est un associé est réputée être due à ce moment par le débiteur à la société affiliée étrangère dans la proportion correspondant à la part de celle-ci sur tout revenu gagné, perte subie ou gain en capital ou perte en capital réalisé par la société de personnes au titre de la somme due, (ii) pour l’application du présent alinéa, toute somme due, à ce moment, à un créancier par la société de personnes dont la société affiliée étrangère admissible est un associé est réputée être due à ce moment au créancier par la société étrangère admissible dans la proportion correspondant à la part de celle-ci sur tout revenu gagné, perte subie ou gain en capital ou perte en capital réalisé par la société de personnes au titre de la somme due, (iii) pour l’application de l’alinéa g) et du présent alinéa, toute somme due, à ce moment, par un débiteur à la société de personnes dont la société étrangère admissible est un associé est réputée être due à ce moment par le débiteur à la société étrangère admissible dans la proportion correspondant à la part de celle-ci sur tout revenu gagné, perte subie ou gain en capital ou perte en capital réalisé par la société de personnes au titre de la somme due, (iv) pour l’application de l’alinéa g) et du présent alinéa, toute somme due, à ce moment, à un créancier par la société de personnes dont la société étrangère admissible est un associé est réputée être due à ce moment au créancier par la société étrangère admissible dans la proportion correspondant à la part de celle-ci sur tout revenu gagné, perte subie ou gain en capital ou perte en capital réalisé par la société de personnes au titre de la somme due, et (v) pour le calcul du revenu ou de la perte de la société affiliée donnée provenant d’une société de personnes, tout revenu gagné, perte subie ou gain en capital ou perte en capital réalisé, selon le cas, par la société de personnes — au titre de la partie d’une somme qui est due ou qu’elle doit être réputée, par l’un des sous-alinéas (i) à (iv), être une somme qui est due à la société affiliée donnée ou qu’elle doit être réputée être une somme qui est attribuée à la société — en raison de la fluctuation de la valeur de la monnaie d’un pays C (ii) in the case of a capital gain, A/B where A B A/(B × C) where étranger par rapport à la valeur de la monnaie canadienne, qui est attribuable à la créance attribuée est réputé être nul dans la mesure où l’alinéa g) se serait appliqué à la société affiliée donnée, si les règles énoncées aux sous-alinéas (i) à (iv) étaient appliquées, de façon que le revenu gagné, la perte subie ou le gain en capital ou la perte en capital réalisé, selon le cas, par la société affiliée donnée relativement à la créance attribuée soit réputé être nul en raison de la fluctuation de la valeur de la monnaie d’un pays étranger par rapport à la valeur de la monnaie canadienne; g.04) si, à un moment donné, une société résidant au Canada ou une société de personnes dont elle est une société membre (appelées « emprunteur » au présent alinéa) a reçu un prêt ou est devenue débitrice d’un encaissement qui est soit une société étrangère affiliée (appelée « société affiliée donnée ») au présent alinéa) d’une entité admissible (au sens du paragraphe 39(2.2) au présent article), soit une société de personnes (appelée « société de personnes créancière » au présent alinéa) dont une telle société affiliée est un associé, et si le montant du prêt ou de l’encaissement en tout ou en partie est attribué ultérieurement, selon le cas, au remboursement d’une dette ou à la réduction du montant de la perte en capital ou du gain en capital de la société affiliée créancière ou de la société de personnes créancière, selon le cas, déterminé en l’absence du présent alinéa, relativement au remboursement : (ii) s’agissant d’une perte en capital : (A) dans le cas où le créancier est une société affiliée créancière, la moins élevée de la somme qui correspond au montant de la perte en capital ainsi déterminé et de la somme obtenue par la formule suivante : A/B où : A représente le montant appliqué en réduction du montant du gain en capital de l’emprunteur en application de l’alinéa 39(2.1)a) relativement à ce remboursement, B le total des pourcentages de participation, établis à la fin de l’année d’imposition de la société affiliée créancière qui comprend le moment ultérieur, d’actions du capital-actions d’une société étrangère affiliée qui appartient à des entités admissibles et à l’égard desquelles une somme serait incluse en application du paragraphe 91(1), à supposer que : A B C (ii) without reference to subsections 80(3) to 80(12) and 80(15) and 80.01(5) to 80.01(11) and sections 80.02 to 80.04; (I) la perte en capital de la société affiliée créancière, déterminée compte non tenu du présent alinéa, relativement au remboursement du prêt ou de la dette soit un gain en capital de celle-ci, (II) ni la société affiliée créancière ni aucune autre société étrangère affiliée d’une entité admissible n’ait de revenu, de gains ou de pertes pour une année d’imposition, (B) dans le cas où le créancier est une société de personnes créancière, la moins élevée de la somme qui correspond au montant de la perte en capital ainsi déterminée et de la somme obtenue par la formule suivante : A/B × C où : A représente le montant appliqué en réduction du montant du gain en capital de l’emprunteur en application de l’alinéa 39(2.1)a) relativement au remboursement, B représente la proportion que le montant du gain en capital de la société de personnes créancière relativement au remboursement du prêt ou de la dette, déterminé compte non tenu du présent alinéa, qui serait pris en compte dans la détermination du revenu, du gain ou de la perte des associés de la société de personnes créancière qui sont des sociétés étrangères affiliées d’entités admissibles est du montant de la perte en capital ainsi déterminée, C le total des pourcentages de participation dont chacun est le pourcentage de participation qui est relatif à une action du capital-actions d’une société étrangère affiliée d’une entité admissible, laquelle action appartient à une telle entité et qui est pris en compte dans la détermination de la somme qui serait incluse dans le calcul du revenu de l’entité admissible en application du paragraphe 91(1), à condition que (I) le montant de la perte en capital de la société de personnes créancière, déterminée compte non tenu du présent alinéa, relativement au remboursement du prêt ou de la dette soit un gain en capital de celle-ci, (II) ni la société de personnes créancière ni aucune société étrangère affiliée d’une entité admissible n’ait de revenu, de gains (h) [Repealed, 2001, c. 17, s. 73] ou de pertes pour une année d’imposition, (ii) s’agissant d’un gain en capital : (A) si le créancier est une société affiliée créancière, la moindre de la somme qui correspond au montant du gain en capital ainsi déterminé et de la somme obtenue par la formule suivante : A/B où : A représente le montant que l’emprunteur est tenu d’appliquer en réduction du montant de sa perte en capital en application de l’alinéa 39(2.1)b) relativement à ce remboursement, B le total des pourcentages de participation, établis à la fin de l’année d’imposition de la société affiliée créancière qui comprend le moment, déterminés, d’autres sociétés étrangères affiliées d’une société étrangère affiliée qui appartiennent à des sociétés de personnes qui regardent des associés auxquels s’applique l’alinéa 91(1), à l’égard de la société étrangère affiliée au moment où la société étrangère affiliée a une année d’imposition qui comprend le moment du remboursement du prêt ou de la dette, (B) si le créancier est une société de personnes créancière, la moindre de la somme qui correspond au montant de la perte en capital ainsi déterminé et de la somme obtenue par la formule suivante : A/(B x C) où : A représente le montant que l’emprunteur est tenu d’appliquer en réduction de sa perte en capital en application de l’alinéa 39(2.1)b) relativement à ce remboursement, B le rapport entre le gain en capital de la société de personnes créancière relativement au remboursement du prêt ou de la dette, déterminé selon le présent alinéa, qui serait pris en compte dans la détermination du revenu, du gain ou de la perte des associés de la société de personnes créancière qui sont des sociétés étrangères affiliées d’entités admissibles et le montant du gain en capital ainsi déterminé, C le total des pourcentages de participation dont chacun est le pourcentage de participation qui est relatif à une action du capital-actions d’une société étrangère affiliée d’une entité admissible, laquelle action appartient à une telle entité, et qui serait pris en compte dans la détermination du montant qui serait inclus dans le calcul du revenu d’une entité admissible en application du paragraphe 91(1), à supposer que la société de personnes créancière ait aucune société étrangère affiliée et que la société de personnes n’ait de revenu, de gains ou de pertes pour une année d’imposition. g.1) dans le calcul du revenu étranger accumulé, tiré de biens d’une société étrangère affiliée d’un contribuable : (i) le passage « revenu, du revenu imposable au Canada au » à la définition de créance commerciale, au paragraphe 95(1), est remplacé par « revenu imposable au Canada, du revenu tiré de biens (au sens du paragraphe 95(1)) », (ii) il n’est pas tenu compte des paragraphes 80(3) à (12) et (15) et 80.01(5) à (11) et des articles 80.02 à 80.04; g.2) pour ce qui est du calcul du revenu étranger accumulé, tiré de biens d’une société étrangère affiliée d’un contribuable résident au Canada, pour une année d’imposition de la société affiliée, le choix prévu à l’alinéa 95(1.2)(f) relativement à une distribution que la société affiliée fait au cours de l’une de ses années d’imposition (appelée « année donnée » au présent alinéa) est réputé avoir été présenté et accepté par la société affiliée si : (i) la société affiliée étant une société étrangère affiliée contrôlée à l’égard d’un seul contribuable résident au Canada, le choix est conjointement présenté avec sa déclaration de revenu pour son année d’imposition dans laquelle l’année donnée se termine, (ii) la société affiliée étant une société étrangère affiliée contrôlée à l’égard de plus d’un contribuable résident au Canada, le choix est conjointement présenté par l’ensemble de ces contribuables et déposé auprès du ministre avec sa déclaration de revenu pour son année d’imposition dans laquelle l’année donnée se termine; (k) paragraph (k.1) applies if h) [Abrogé, 2001, ch. 17, art. 73] i) tout revenu, gain ou perte d’une société étrangère affiliée d’un contribuable ou d’une société de personnes dont une société étrangère affiliée d’un contribuable est un associé (la société étrangère affiliée ou la société de personnes étant appelée « débiteur » au présent alinéa) pour une année d’imposition ou un exercice, selon le cas, du débiteur est réputé être un revenu,
Where beneficiary deemed not designated
(iv) [Repealed, 2018, c. 27, s. 7] Impôt sur le revenu
Where a trust would, if the trust paid tax under this Part for a taxation year, be entitled to designate an amount under subsection 210.2(3) in respect of a non-resident beneficiary and the income amount in respect of the beneficiary is included in computing the income of the beneficiary which is subject to tax under Part I by reason of subsection 2(3) and is not exempt from tax under Part I by reason of a provision contained in a tax convention or agreement with another country that has the force of law in Canada, for the purposes of subsection 210.3(1), the beneficiary shall be deemed not to be a designated beneficiary of the trust at any time in the year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1988, c. 55, s. 160. Tax on Investment Income of Life Insurers existing guaranteed life insurance policy, at any time, means a non-participating life insurance policy in Canada in respect of which (a) the amount of every premium that became payable before that time and after December 31, 1989, (b) the number of premium payments under the policy, and (c) the amount of each benefit under the policy at that time were fixed and determined on or before December 31, 1989; (police d’assurance-vie garantie existante) life insurance policy includes a benefit under but does not include (c) that part of a policy in respect of which the policyholder is deemed by paragraph 138.1(1)(e) to have an interest in a related segregated fund trust, or Restriction life insurance policy in Canada means a life insurance policy issued or effected by an insurer on the life of a person resident in Canada at the time the policy was issued or effected; (police d’assurance-vie au Canada) net interest rate, in respect of a liability, benefit, risk or guarantee under a life insurance policy of an insurer for a taxation year, is the positive amount, if any, determined by the formula is the simple arithmetic average determined as of the first day of the year of the average yield (expressed as a percentage per year rounded to 2 decimal points) in each of the 60 immediately preceding months prevailing on all domestic Canadian-dollar Government of Canada bonds outstanding on the last Wednesday of that month that have a remaining term to maturity of more than 10 years, (a) in the case of a guaranteed benefit provided under the terms and conditions of the policy as they existed on March 2, 1988, other than a policy where, at any time after March 2, 1988, its terms and conditions relating to premiums and benefits were changed (otherwise than to give effect to the terms and conditions that were determined before March 3, 1988), the greater of (i) the rate of interest (expressed as a percentage per year) used by the insurer in determining the amount of the guaranteed benefit, and (ii) 4%, and (b) in any other case, nil, and (a) in the case of a guaranteed benefit to which paragraph (a) of the description of B applies, 65%, non-participating life insurance policy means a life insurance policy that is not a participating life insurance policy; (police d’assurance-vie sans participation) policy loan has the meaning assigned by subsection 138(12); (avance sur police) registered life insurance policy means a life insurance policy issued or effected as or under a pooled registered pension plan, a registered retirement savings plan, a deferred profit sharing plan or a registered pension plan; (police d’assurance-vie agréée) reinsurance arrangement does not include an arrangement under which an insurer has assumed the obligations of the issuer of a life insurance policy to the policyholder; (mécanisme de réassurance) (b) a change in premium because of a change in frequency of premium payments within a year that does not alter the present value, at the beginning of the year, of the total premiums to be paid under the policy in the year, (c) an addition under the terms of the policy as they existed on (i) in the case of an existing guaranteed life insurance policy, December 31, 1989, (ii) in any other case, March 2, 1988, (e) redating lapsed policies within the reinstatement period referred to in paragraph (g) of the definition disposition in subsection 148(9) or redating for policy loan indebtedness, (f) a change in premium because of a correction of erroneous information, (g) the payment of a premium after its due date, or no more than 30 days before its due date, as established on or before (i) in the case of an existing guaranteed life insurance policy, December 31, 1989, and (ii) in any other case, March 2, 1988, taxable life insurance policy of an insurer at any time means a life insurance policy in Canada issued by the insurer (or in respect of which the insurer has assumed the obligations of the issuer of the policy to the policyholder), other than a policy that is at that time (b) an annuity contract (including a settlement annuity), Riders and changes in terms
For the purposes of this Part, (a) any rider added at any time after March 2, 1988 to a life insurance policy shall be deemed to be a separate life insurance policy issued and effected at that time; and (b) a change in the terms or conditions of a life insurance policy resulting from a specified transaction or event shall be deemed not to have occurred and not to be a change.
Taxable Canadian life investment income
For the purposes of this Part, the taxable Canadian life investment income of a life insurer for a taxation year is the amount, if any, by which its Canadian life investment income for the year exceeds the total of its Canadian life investment losses for the 20 taxation years immediately preceding the year, to the extent that those losses were not deducted in computing its taxable Canadian life investment income for any preceding taxation year. Canadian life investment income
(C) l’entreprise n’était pas visée aux subdivisions (i)(C)(I), (II) et (IV) ou les activités n’étaient pas visées à la subdivision (i)(C)(III), selon le cas; k.1) en cas d’application du présent alinéa, les règles ci-après s’appliquent au calcul du revenu ou de la perte de l’exploitant provenant de l’entreprise de placement, de l’entreprise non admissible, de l’entreprise distincte ou de l’entreprise visée à l’alinéa (i) (appelées chacune « entreprise étrangère » au présent alinéa), selon le cas, et du gain en capital ou de la perte en capital de l’exploitant provenant de la disposition d’un bien utilisé ou détenu dans le cadre de l’exploitation de l’entreprise étrangère, pour l’année déterminée et chaque année d’imposition ou exercice postérieur au cours duquel l’exploitant ou l’entreprise étrangère gère : (i) l’exploitation est réputée : (A) avoir commencé à exploiter l’entreprise étrangère au Canada au début de l’année déterminée, (B) exploiter l’entreprise étrangère au Canada de la date de la fin de l’année déterminée à la date de clôture de ces années d’imposition ou exercices postérieurs où elle exploite l’entreprise étrangère, (ii) dans le cas où, en ce qui concerne l’entreprise étrangère, l’exploitant serait légalement tenu, s’il était une société exploitant l’entreprise étrangère au Canada, d’adresser un rapport à un organisme de réglementation — le surintendant des institutions financières ou un organisme provincial semblable — et d’être sous sa surveillance : (A) l’exploitant est réputé être légalement tenu d’adresser un rapport à l’organisme de réglementation et être sous sa surveillance, (B) si l’exploitant est un assureur sur la vie et que l’entreprise étrangère fait partie d’une entreprise d’assurance-vie, les polices d’assurance-vie établies dans la conduite de l’entreprise étrangère sont réputées être des polices d’assurance-vie au Canada, (iii) les alinéas 138(11.91)a) à c) s’appliquent à l’exploitant pour l’année déterminée relativement à l’entreprise étrangère comme si, à la fois : (A) l’exploitant était l’assureur visé au paragraphe 138(11.91), (B) l’année déterminée de l’exploitant correspondait à l’année d’imposition donnée de l’assureur visée à ce paragraphe, (C) l’entreprise étrangère de l’exploitant était l’entreprise de l’assureur visée à ce paragraphe, (D) le passage « bien qui lui appartenait à ce moment et qui est un bien d’assurance désigné relatif à l’entreprise d’assurance » à l’alinéa 138(11.91)e) est remplacé par « bien qui lui appartient, ou qu’il détient, à ce moment et qu’il utilise ou détient au cours de l’année donnée dans le cadre de l’exploitation de l’entreprise d’assurance »; k.2) pour l’application des alinéas j.1) à k.1) et de la définition de entreprise canadienne imposable au paragraphe (1), tout prêt à une entreprise exploitée par une personne ou une société de personnes qui est exploitée au Canada est réputé être une entreprise qui est distincte de toute autre entreprise exploitée par la personne ou la société de personnes; (i) il est à inclure dans le revenu tiré des biens pour l’année provenant d’une entreprise (sauf une entreprise de placement de la société affiliée) dont le principal objet consiste à tirer un revenu du commerce de dettes (cependant, pour l’application du présent alinéa, le fait de tirer des intérêts et des dettes, (ii) les dettes dont sont débitrices les personnes avec lesquelles la société affiliée n’a aucun lien de dépendance qui résident dans le pays dans lequel celle-ci a été constituée ou prorogée, existe et est régie et dans lequel l’entreprise est principalement exploitée, (iii) les comptes clients dont sont débitrices les personnes avec lesquelles la société affiliée n’a aucun lien de dépendance, toutefois aucun montant n’est à inclure en vertu du présent alinéa si le contribuable ou la société affiliée établit que les faits ci-après s’avèrent tout au long de la période de l’imposition au cours de laquelle la société affiliée a exploité l’entreprise : (iii) la société affiliée exploite l’entreprise (sauf une entreprise exploitée principalement avec des personnes avec lesquelles la société affiliée a un lien de dépendance) à titre de banque étrangère, de société Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this Part, the Canadian life investment income or loss of a life insurer for a taxation year is the positive or negative amount determined by the formula A is subject to subsection 211.1(4), the total of all amounts, each of which is in respect of a liability, benefit, risk or guarantee under a life insurance policy that was at any time in the year a taxable life insurance policy of the insurer, determined by multiplying the net interest rate in respect of the liability, benefit, risk or guarantee for the year by 1/2 of the total of (a) the maximum amount that would be determined under paragraph 1401(1)(a), (c) or (d) of the Income Tax Regulations (other than an amount that would be determined under subparagraph 1401(1)(d)(ii) of those Regulations in respect of a disabled life) in respect of the insurer for the year in respect of the liability, benefit, risk or guarantee if subsection 1401(1) of those Regulations applied to all life insurance policies and if that amount were determined without reference to any policy loan or reinsurance arrangement, and (b) the maximum amount that would be determined under paragraph 1401(1)(a), (c) or (d) of the Income Tax Regulations (other than an amount that would be determined under subparagraph 1401(1)(d)(ii) of those Regulations in respect of a disabled life) in respect of the insurer for the preceding taxation year in respect of the liability, benefit, risk or guarantee if subsection 1401(1) of those Regulations applied to all life insurance policies and if that amount were determined without reference to any policy loan or reinsurance arrangement; B is the total of all amounts, each of which is the positive or negative amount in respect of a life insurance policy that was at any time in the year a taxable life insurance policy of the insurer, determined by the formula D is, subject to subsection 211.1(4), the amount determined by multiplying the percentage determined in the description of A in the definition net interest rate in subsection 211.1(1) in respect of the year by 1/2 of the total of (a) the maximum amount that would be determined under paragraph 1401(1)(c.1) of the Income Tax Regulations in respect of the insurer for the year in respect of the policy if subsection 1401(1) of those Regulations applied to all life insurance policies and if that amount were determined without reference to any policy loan or reinsurance arrangement, and (b) the maximum amount that would be determined under paragraph 1401(1)(c.1) of the Income Tax Regulations in respect of the insurer for the preceding taxation year in respect of the policy if subsection 1401(1) of those Regulations applied to all life insurance policies and if that amount were determined without reference to any policy loan or reinsurance arrangement, and E is the amount, if any, by which (a) the total of all amounts determined in respect of the insurer under the description of E in respect of the policy for the year and any preceding taxation years ending after 1989 exceeds the total of (b) all amounts determined in respect of the insurer under the description of E in respect of the policy for taxation years ending before the year, and (c) the amount, if any, by which (i) the maximum amount that would be determined under paragraph 1401(1)(c.1) of the Income Tax Regulations in respect of the insurer for the year in respect of the policy if subsection 1401(1) of those Regulations applied to all life insurance policies and if that amount were determined without reference to any policy loan or reinsurance arrangement (ii) the maximum amount that would be determined under paragraph 1401(1)(c.1) of the Income Tax Regulations in respect of the insurer for its last 1989 taxation year in respect of the policy if subsection 1401(1) of those Regulations applied to all life insurance policies and if that amount were determined without reference to any policy loan or reinsurance arrangement; and C is the total of all amounts each of which is 100% of the amount required to be included in computing the income of a policyholder under section 12.2 or paragraph 56(1)(j) for which the insurer is required by regulation to prepare an information return in respect of the calendar year ending in the taxation year, in respect of a taxable life insurance policy of the insurer, except that the reference in this description to 100% shall be read as a reference to, (a) where paragraph (a) of the description of B in the definition net interest rate in subsection 211(1) applies for any taxation year in respect of a guaranteed benefit under the policy, 0% for calendar years before 1991, 10% for 1992, 15% for 1993, 20% for 1994, 25% for 1995, 30% for 1996, 35% for 1997, 40% for 1998, 45% for 1999, and 50% for calendar years after 1999, and (b) where the policy was at any time after 1989 an existing guaranteed life insurance policy, 0% for the calendar year in which it became a taxable life insurance policy of the insurer, 0% for the first following calendar year, 0% for the second following calendar year, 5% for the third following calendar year, 10% for the fourth following calendar year, 15% for the fifth following calendar year, 20% for the sixth following calendar year, 25% for the seventh following calendar year, 30% for the eighth following calendar year, 35% for the ninth following calendar year, 40% for the tenth following calendar year, 45% for the eleventh following calendar year, and 50% for the twelfth following and subsequent calendar years.
Impôt sur le revenu
Short taxation year
Where a taxation year of a life insurer is less than 51 weeks, the values of A and D in subsection 211.1(3) for the year are that proportion of those values otherwise so determined that the number of days in the year (other than February 29) is of 365.
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1988, c. 55, s. 160.
(a) the amount estimated by the insurer to be the annualized tax payable under this Part by it for the year, and (b) the annualized tax payable under this Part by the insurer for the immediately preceding taxation year. Annualized tax payable
de fiducie, de caisse de crédit, de compagnie d’assurance ou de négociateur ou courtier en valeurs mobilières ou en marchandises, dont les activités sont réglementées par les lois des pays ci-après, selon le cas : (A) chaque pays où l’entreprise est exploitée par l’intermédiaire d’un établissement stable situé dans ce pays, et les pays sous le régime des lois duquel la société affiliée est régie et, selon le cas, existe, a été constituée ou organisée (sauf si elle a été prorogée dans un territoire quelconque) ou a été prorogée de l’une des façons, (B) les pays où l’entreprise est principalement exploitée, (C) si la société affiliée est liée à une société non résidente, le pays sous le régime des lois duquel la société non résidente est régie et, selon le cas, existe, a été constituée ou organisée (sauf si elle a été prorogée dans un territoire quelconque) ou a été prorogée de l’une des façons, si ces lois sont reconnues comme régissant une société principalement exploitée et si ces pays sont tous des pays désignés; (iv) [Abrogé, 2018, ch. 27, art. 7] m) un contribuable a une participation admissible dans une de ses sociétés étrangères affiliées à un moment donné s’il est propriétaire, à ce moment, des actions suivantes : (i) au moins 10 % des actions de la société affiliée, émises, en circulation et comportant plein droit de vote en toutes circonstances, (ii) des actions de la société affiliée dont la juste valeur marchande représente au moins 10 % de la juste valeur marchande de l’ensemble de ses actions émises et en circulation, les présomptions suivantes s’appliquent dans le cadre du présent alinéa : (iii) les actions d’une société qui, à un moment donné, appartiennent à une autre société (appelée « société détentrice » au présent alinéa) ou sont réputées lui appartenir pour l’application du présent alinéa sont réputées appartenir à chaque actionnaire de la société détentrice dans une proportion égale à la fraction de ces actions représentée par le rapport entre : Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of subsections 211.3(1) and 211.5(2), the annualized tax payable under this Part by a life insurer for a taxation year is the amount determined by the formula
Impôt sur le revenu
(a) if the year is less than 357 days, the number of days in the year (other than February 29), and (b) otherwise, 365; and B is the tax payable under this Part by the insurer for the year. Payment of remainder of tax
For the purposes of subsection 161(2) and section 163.1 as they apply to this Part, a life insurer is, in respect of a taxation year, deemed to have been liable to pay, on or before the last day of each month in the year, an instalment equal to 1/12 of the lesser of (a) the annualized tax payable under this Part by the insurer for the year, and (b) the annualized tax payable under this Part by the insurer for the immediately preceding taxation year. Tax on Qualifying Environmental Trusts
(A) d'une part, la juste valeur marchande des actions de la société détentrice qui appartiennent à l'actionnaire à ce moment, (B) d'autre part, la juste valeur marchande de l'ensemble des actions émises de la société détentrice qui sont en circulation à ce moment, (iv) les actions d'une société qui, à un moment donné, appartiennent à une société de personnes ou sont réputées lui appartenir pour l'application du présent alinéa sont réputées appartenir alors à chaque associé de la société de personnes dans une proportion égale à la fraction de ces actions représentée par le rapport entre : (A) d'une part, la part qui revient à l'associé du revenu ou de la perte de la société de personnes pour son exercice qui comprend ce moment, (B) d'autre part, le revenu ou la perte de la société de personnes pour son exercice qui comprend ce moment, pour l'application du présent sous-alinéa, lorsque le revenu ou la perte de la société de personnes pour cet exercice s'élevait à 1 000 000 $, (v) lorsqu'une personne détient, à un moment donné, un bien convertible émis par la société affiliée avant le 23 juin 1994 et dont les conditions confèrent à la personne le droit d'échanger le bien convertible contre des actions de la société affiliée et que le contribuable choisit, dans sa déclaration de revenu produite pour sa première année d'imposition qui se termine après 1994, de se prévaloir des dispositions du présent sous-alinéa pour ce qui est de l'ensemble des biens convertibles émis par la société affiliée qui sont en circulation au moment donné, chaque détenteur de ces biens convertibles est réputé, pour autant, avoir acquis : (A) avoir acquis les biens convertibles contre des actions de la société affiliée immédiatement avant ce moment, (B) avoir acquis, immédiatement avant ce moment, des actions de la société affiliée en conformité avec ces biens convertibles; n) pour l'application des alinéas a) et g), de l'alinéa b) de l'élément A de la formule figurant à la définition de revenu étranger accumulé, tiré de biens au paragraphe (1), des paragraphes (2.2), (2.21) et (2.15) et de l'alinéa d) de la définition de gains exonérés, et de (ii) the particular corporation l’alinéa c) de la définition de perte exonérée, au paragraphe 5907(1) du Règlement de l’impôt sur le revenu, une société non-résidente est réputée être, à un moment donné, une société étrangère affiliée d’une société donnée résidant au Canada ainsi qu’une société étrangère affiliée de la société donnée dans laquelle celle-ci a une participation admissible si, à ce moment, à la fois : (i) la société non-résidente est une société étrangère affiliée d’une autre société qui réside au Canada et qui est liée, autrement qu’à cause d’un droit visé à l’alinéa 251(5)b), à la société donnée, (ii) cette autre société a une participation admissible dans la société non-résidente; (iii) une personne est un associé admissible d’une société de personnes à un moment donné, et si, selon le cas : (i) tout au long de la période, incluse dans l’exercice de la société de personnes qui comprend ce moment, au cours de laquelle la personne était un associé de la société de personnes, à la fois : (A) la juste valeur marchande totale des participations dans la société de personnes qui appartiennent à la personne donnée représente au moins 1 % de la juste valeur marchande totale des participations dans la société de personnes qui appartiennent à l’ensemble des associés de celle-ci, (ii) tout au long de la période, incluse dans l’exercice de la société de personnes qui comprend ce moment, au cours de laquelle l’associé était un associé de la société de personnes, à la fois : (A) aux activités de l’entreprise principale de la société de personnes, que celle-ci exerce au cours de l’exercice en cause, qui ne sont pas des activités liées à la fourniture ou à l’acquisition de fonds nécessaires à l’exploitation de cette entreprise principale, (B) aux activités d’une entreprise donnée qui exploite au cours de l’exercice en cause, autrement qu’à titre d’associé d’une société de personnes, qui est semblable à l’entreprise principale que la société de personnes exploite au cours de cet exercice, qui ne sont pas des activités liées à la fourniture ou à l’acquisition de fonds nécessaires à l’exploitation de l’entreprise donnée, Income Tax PART I Income Tax DIVISION B Computation of Income
excluded trust, at any time, means a trust that
(u) [Repealed, 2013, c. 34, s. 70] (B) la juste valeur marchande totale des participations dans la société de personnes qui appartiennent à la personne donnée ou à des personnes, sauf des fiducies, qui lui sont liées représente au moins 10 % de la juste valeur marchande totale des participations dans la société de personnes qui appartiennent à l’ensemble des associés de celle-ci; p) une personne donnée est un actionnaire admissible d’une société à un moment donné si, tout au long de la période, incluse dans l’année d’imposition de la société qui comprend ce moment, au cours de laquelle elle était un actionnaire de la société, à la fois : (i) la personne donnée était propriétaire d’au moins 1 % des actions émises, en circulation et comportant plein droit de vote en toutes circonstances du capital-actions de la société, (ii) la personne donnée, ou la personne donnée et des personnes, sauf des fiducies, qui lui sont liées, étaient propriétaires d’au moins 10 % des actions émises, en circulation et comportant plein droit de vote en toutes circonstances du capital-actions de la société, (iii) la juste valeur marchande totale des actions émises et en circulation du capital-actions de la société appartenant à la personne donnée représente au moins 1 % de la juste valeur marchande totale des actions émises et en circulation du capital-actions de la société, (iv) la juste valeur marchande totale des actions émises et en circulation du capital-actions de la société appartenant à la personne donnée ou à des personnes, sauf des fiducies, qui lui sont liées représente au moins 10 % de la juste valeur marchande totale des actions émises et en circulation du capital-actions de la société; q) pour l’application des alinéas (o) et p) : (i) les participations dans une société de personnes ou les actions du capital-actions d’une société qui font partie des biens d’une société de personnes sont réputées par le présent alinéa faire partie, à un moment donné soit respectivement à ce moment à chaque associé de la société de personnes dans une proportion égale à la proportion de ces participations ou actions que représente par rapport entre : (A) d’une part, la juste valeur marchande, à ce moment, des participations de l’associé dans la société de personnes, Income Tax PART I Income Tax DIVISION B Computation of Income
(a) relates at that time to the reclamation of a well; (b) is not maintained at that time to secure the reclamation obligations of one or more persons or partnerships that are beneficiaries under the trust; (c) borrows money at that time; (d) if the trust is not a trust to which paragraph (e) applies, acquires at that time any property that is not described by any of paragraphs (a), (b), (c), (c.1), (d) and (f) of the definition qualified investment in section 204; (e) if the trust is a trust created after 2011 (or if the trust was created before 2012, it elects in writing filed with the Minister on or before its filing-due date for a particular taxation year to have subparagraphs (i) and (ii) apply to it for the particular taxation year and all subsequent taxation years, and that election is made jointly with Her Majesty in right of Canada or a particular province, depending upon the qualifying law or qualifying contract in respect of the trust), (i) acquires at that time any property that is not described by any of paragraphs (a), (b), (c), (c.1), (d) and (f) of the definition qualified investment in section 204, or (ii) holds at that time a prohibited investment; (f) elected in writing filed with the Minister, before 1998 or before April of the year following the year in which the first contribution to the trust was made, never to have been a qualifying environmental trust; or (g) was at any previous time during its existence not a qualifying environmental trust (as determined under the definition qualifying environmental trust in subsection 248(1) as it is applied at that previous time). (fiducie exclue) prohibited investment, of a trust at any time, means a property that (a) at the time it was acquired by the trust, was described by any of paragraphs (c), (c.1) or (d) of the definition qualified investment in section 204; and (b) was issued by (i) a person or partnership that has contributed property to, or that is a beneficiary under, the trust, (ii) a person that is related to, or a partnership that is affiliated with, a person or partnership that has contributed property to, or that is a beneficiary under, the trust, or (A) another person or partnership holds a significant interest (within the meaning assigned by subsection 207.01(4) with any modifications that the circumstances require) in the particular person or partnership, and (B) the holder of that significant interest has contributed property to, or is a beneficiary under, the trust. (placement interdit) QET income tax rate, for a trust’s taxation year, means the amount, expressed as a decimal fraction, by which (a) the percentage rate of tax provided under paragraph 123(1)(a) for the taxation year (i) the percentage that would, if the trust were a corporation, be its general rate reduction percentage, within the meaning assigned by subsection 123.4(1), for the taxation year, and qualifying contract, in respect of a trust, means a contract entered into with Her Majesty in right of Canada or a province on or before the later of January 1, 1996 and the day that is one year after the day on which the trust was created. (contrat admissible) qualifying environmental trust means a trust (a) each trustee of which is (ii) a corporation resident in Canada that is licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada the business of offering to the public its services as trustee; (b) that is maintained for the sole purpose of funding the reclamation of a qualifying site; (c) that is, or may become, required to be maintained under (i) the terms of a qualifying contract, or (ii) a qualifying law; and qualifying law, in respect of a trust, means (a) a law of Canada or a province that was enacted on or before the later of January 1, 1996 and the day that is one year after the day on which the trust was created; and (b) if the trust was created after 2011, an order made (i) by a tribunal constituted under a law described by paragraph (a), and (ii) on or before the day that is one year after the day on which the trust was created. (loi admissible) qualifying site, in respect of a trust, means a site in Canada that is, or has been used primarily for, or for any combination of, (b) the extraction of clay, peat, sand, shale or aggregates (including dimension stone and gravel), (c) the deposit of waste, or (d) if the trust was created after 2011, the operation of a pipeline. (site admissible)
Impôt sur le revenu
Every trust that is a qualifying environmental trust at the end of a taxation year (other than a trust that is at that time described by paragraph 149(1)(z.1) or (z.2)) shall pay a tax under this Part for the year equal to the amount determined by the formula A is the trust’s income (computed as if this Act were read without reference to subsections 104(4) to (31) and sections 105 to 107) under Part I for the year; and B is the QET income tax rate for the year.
Every trust that is a qualifying environmental trust at the end of a taxation year shall file with the Minister on or before its filing-due date for the year a return for the year under this Part in prescribed form containing an estimate of the amount of its tax payable under this Part for the year.
Every trust shall pay to the Receiver General its tax payable under this Part for each taxation year on or before its balance-due day for the year.
(B) d’autre part, la juste valeur marchande, à ce moment, des participations de l’ensemble des associés dans la société de personnes, (ii) les participations dans une société de personnes ou les actions du capital-actions d’une société qui font partie des biens d’une fiducie non discrétionnaire, au sens du paragraphe 17(15), ou sont réputées par le présent alinéa en faire partie, à un moment donné représentent des participations ou actions que rapporte le bénéficiaire de la fiducie dans une proportion égale à la proportion de ces participations ou actions que représente le rapport entre : (A) d’une part, la juste valeur marchande, à ce moment, du droit de bénéficiaire du bénéficiaire dans la fiducie, (B) d’autre part, la juste valeur marchande, à ce moment, de l’ensemble des droits de bénéficiaire dans la fiducie; r) pour l’application de l’alinéa a) et pour l’application de l’alinéa a) de la définition de entreprise exonérée et de l’alinéa a) de la définition de perte exonérée, au paragraphe 5907(1) du Règlement, une société étrangère affiliée d’un contribuable donné résidant au Canada dans laquelle cette dernière a une participation admissible, si, à ce moment, à la fois : (i) est l’associé de la société de personnes une société étrangère affiliée d’une autre société qui, à la fois, réside au Canada et est liée à la société donnée autrement qu’au moyen d’un droit visé à l’alinéa 251(5)b), (ii) est autre société a une participation admissible dans la société affiliée donnée, (iii) la société affiliée donnée est un associé admissible de la société donnée; s) pour l’application de la définition de entreprise de placement au paragraphe (1), une société donnée est, à un moment donné, une société désignée qui a une société étrangère affiliée et si, à ce moment, à la fois : (i) un actionnaire admissible de la société affiliée, ou une personne liée à cet actionnaire, est un actionnaire admissible de la société donnée, (ii) la société donnée, selon le cas : Income Tax PART I Income Tax DIVISION B Computation of Income
Subsections 150(2) and 150(3), sections 152, 158 and 159, subsections 161(1) and 161(11), sections 162 to 167 and Division J of Part I apply to this Part, with such modifications as the circumstances require. Recovery of Labour-sponsored Funds Tax Credit
Impôt sur le revenu
approved share has the meaning assigned by subsection 127.4(1). (action approuvée) labour-sponsored funds tax credit in respect of a share is (a) where the original acquisition of the share occurred before 1996, 20% of the net cost of the share on that acquisition; net cost has the meaning assigned by subsection 127.4(1). (coût net) original acquisition has the meaning assigned by subsection 127.4(1). (acquisition initiale) qualifying exchange means an exchange by a taxpayer of an approved share, that is part of a series of Class A shares of the capital stock of a corporation, for another approved share, that is part of another series of Class A shares of the capital stock of the corporation, if (a) the only consideration received by the taxpayer on the exchange is the other share; and (b) the rights in respect of the series are identical except for the portion of the reserve (within the meaning assigned by subsection 204.8(1)) of the corporation that is attributable to each series. (échange admissible) qualifying trust has the meaning assigned by subsection 127.4(1). (fiducie admissible) Amalgamations and mergers
For the purposes of this Part, where two or more corporations (each of which is referred to in this subsection as a “predecessor corporation”) amalgamate or merge to form a corporate entity deemed by paragraph 204.85(3)(d) to have been registered under Part X.3, the shares of each predecessor corporation are deemed not to be redeemed, acquired or cancelled by the predecessor corporation on the amalgamation or merger.
For the purposes of this Part and Part X.3, if an approved share of the capital stock of a corporation (referred to in this subsection as the “new share”) has been issued in exchange for another approved share (referred to in this subsection as the “original share”) in a qualifying exchange, the new share is deemed to have been issued on the exchange and is deemed to have been issued at the time the corporation issued the original share.
or a revoked corporation is, before the first discontinuation of its venture capital business, redeemed, acquired or cancelled by the corporation less than eight years after the day on which the share was issued (other than in circumstances described in subclause 204.81(1)(c)(v)(A)(I) or (III) or clause 204.81(1)(c)(v)(B) or (D) or other than if the share is a Class A share of the capital stock of the corporation that is exchanged for another Class A share of the capital stock of the corporation as part of a qualifying exchange) or any other share that was issued by any other labour-sponsored venture capital corporation is disposed of, the person who was the shareholder immediately before the redemption, acquisition, cancellation or disposition shall pay a tax under this Part equal to the lesser of (a) the amount determined by the formula (i) where the share was issued by a registered labour-sponsored venture capital corporation or a revoked corporation, the labour-sponsored funds tax credit in respect of the share, and (ii) where the share was issued by any other labour-sponsored venture capital corporation and was at any time an approved share, the amount, if any, required to be remitted to the government of a province as a consequence of the redemption, acquisition, cancellation or disposition (otherwise than as a consequence of an increase in the corporation’s liability for a penalty under a law of the province), and (i) nil, where the share was issued by a registered labour-sponsored venture capital corporation or a revoked corporation, the original acquisition of the share was before March 6, 1996 and the redemption, acquisition, cancellation or disposition is (A) more than 2 years after the day on which it was issued, where the redemption, acquisition, cancellation or disposition is permitted under the articles of the corporation because an individual attains 65 years of age, retires from the workforce or ceases to be resident in Canada, (B) more than five years after its issuance, or (C) if the day that is five years after its issuance is in February or March of a calendar
(A) est contrôlée par un actionnaire admissible de la société affiliée, (B) serait contrôlée par un actionnaire admissible de la société affiliée si ce dernier était propriétaire de chaque action du capital-actions de la société donnée qui appartient à un actionnaire admissible de la société affiliée ou à une personne liée à un tel actionnaire, (iii) le total des sommes représentant chacune la juste valeur marchande d’une action du capital-actions de la société donnée appartenant à un actionnaire admissible de la société affiliée ou à une personne liée à un tel actionnaire représente plus de 50 % de la juste valeur marchande totale des actions émises et en circulation du capital-actions de la société donnée; u) [Abrogé, 2013, ch. 34, art. 70] v) pour l’application de l’alinéa p) : (i) les actions du capital-actions d’une société (appelée « société émettrice » au présent alinéa) qui appartiennent à une société (appelée « société détentrice » au présent alinéa), ou sont réputées lui appartenir en vertu du présent alinéa, à un moment donné sont réputées, à ce moment, appartenir à chaque actionnaire de la société détentrice dans une proportion égale à la proportion que représente le rapport entre : (A) d'une part, la juste valeur marchande, à ce moment, des actions du capital-actions de la société émettrice qui appartiennent à l'actionnaire, (B) d'autre part, la juste valeur marchande, à ce moment, de l'ensemble des actions émises et en circulation du capital-actions de la société émettrice, (ii) la personne qui est réputée, en vertu du sous-alinéa (i), être propriétaire d'actions du capital-actions d'une société à un moment donné est réputée, à ce moment, être actionnaire de la société; w) lorsqu'une société étrangère affiliée d'une société résidant au Canada exploite une entreprise exploitée activement dans un pays, les règles suivantes s'appliquent : (i) si l'entreprise est exploitée en un pays étranger, la société affiliée est réputée l'exploiter dans ce pays, mais seulement dans la mesure où le revenu en provenant est assujetti à l'impôt prévu par la présente partie; (ii) si l'entreprise est exploitée au Canada, la société affiliée est réputée l'exploiter au Canada, mais seulement dans la mesure où le revenu en provenant est assujetti à l'impôt prévu par la présente partie; x) la perte provenant d'une entreprise exploitée activement, d'une entreprise non admissible ou d'un bien d'une société étrangère affiliée d'un contribuable résidant au Canada pour une année d'imposition correspond au montant de cette perte qui est calculé par application des dispositions de la présente sous-section au calcul du revenu provenant de l'entreprise exploitée activement, de l'entreprise non admissible ou d'un bien de la société affiliée pour l'année, compte tenu des adaptations nécessaires; y) lorsqu'il s'agit d'établir, pour l'application de l'alinéa a) et pour l'application des paragraphes (2.2) et (2.21) dans le cadre de cet alinéa, si une société non résidente est, à un moment donné, une société étrangère affiliée d'un contribuable dans laquelle celui-ci a une participation admissible, ou des participations dans une société de personnes ou des actions du capital-actions d'une société font en sorte que la société non résidente est une société étrangère affiliée d'un contribuable, la proportion de ces participations ou actions est réputée être détenue à ce moment à chaque associé ou actionnaire de la société de personnes ou de la société résidant au Canada dans une proportion égale à la proportion de ces participations ou actions que représentent le rapport entre : (i) d’une part, la juste valeur marchande, à ce moment, de la participation de l’associé dans la société de personnes donnée, (ii) d’autre part, la juste valeur marchande, à ce moment, des participations de l’ensemble des associés dans la société de personnes donnée; z) dans le cas où une société étrangère affiliée donnée d’un contribuable — dans laquelle celui-ci a une participation admissible ou qui est une société étrangère affiliée contrôlée du contribuable — est l’associé d’une société de personnes, son revenu étranger accumulé, tiré de biens, ou sa perte étrangère accumulée, relative à des biens, relativement au contribuable pour une année d’imposition ne comprend aucun revenu net, ou la perte, à la fois dans : (i) est attribuable au revenu étranger accumulé, tiré de biens, ou à la perte étrangère accumulée, relative à des biens, d’une société étrangère affiliée de la société étrangère affiliée donnée (appelée « deuxième société affiliée » au présent alinéa) dans laquelle celui-ci a une participation admissible ou qui est une société étrangère affiliée contrôlée du contribuable, (ii) est inclus, par l’effet de l’alinéa a) relativement au contribuable, dans le calcul du revenu ou de la perte provenant d’une entreprise exploitée activement de la deuxième société affiliée pour une année d’imposition. Règles applicables à la définition de société étrangère affiliée contrôlée (2.01) Pour l’application de l’alinéa b) de la définition de société étrangère affiliée contrôlée au paragraphe (1) et pour l’application du présent paragraphe : a) les actions du capital-actions d’une société qui appartiennent à une autre société à un moment donné, ou qui sont réputées appartenir à une autre société à un moment donné, sont réputées appartenir, à ce moment, à chaque actionnaire de l’autre société, ou compter parmi ses biens, dans la proportion suivante : (i) d’une part, la juste valeur marchande, à ce moment, des actions du capital-actions de l’autre société qui, à ce moment, appartiennent à l’actionnaire ou comptent parmi ses biens, Income Tax PART I Income Tax DIVISION B Computation of Income
year, in February or on March 1st of that calendar year but not more than 31 days before that day, (i.1) nil, where the share was issued by a registered labour-sponsored venture capital corporation or a revoked corporation, the original acquisition of the share was after March 5, 1996 and the redemption, acquisition or cancellation is in February or on March 1st of a calendar year but is not more than 31 days before the day that is eight years after the day on which the share was issued, (ii) one, in any other case where the share was issued by a registered labour-sponsored venture capital corporation or a revoked corporation, and (iii) in any other case, the quotient obtained when the labour-sponsored fund tax credit in respect of the share is divided by the tax credit provided under a law of a province in respect of any previous acquisition of the share, and (b) the amount that would, but for subsection 211.8(2), be payable to the shareholder because of the redemption, acquisition, or cancellation (determined after taking into account the amount determined under subparagraph (ii) of the description of A in paragraph 211.8(1)(a)). Rules of application Withholding and remittance of tax
Impôt sur le revenu
Where a person or partnership (in this section referred to as the “transferee”) redeems, acquires or cancels a share and, as a consequence, tax is payable under this Part by the person who was the shareholder immediately before the redemption, acquisition or cancellation, the transferee shall (a) withhold from the amount otherwise payable on the redemption, acquisition or cancellation to the shareholder the amount of the tax; (b) within 30 days after the redemption, acquisition or cancellation, remit the amount of the tax to the Receiver General on behalf of the shareholder; and (c) submit with the remitted amount a statement in prescribed form. Liability for tax
Where a transferee has failed to withhold any amount as required by subsection 211.8(2) from an amount paid or credited to a shareholder, the transferee is liable to pay as tax under this Part on behalf of the shareholder the amount the transferee failed to withhold, and is entitled to recover that amount from the shareholder. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] Tax for failure to reacquire certain shares
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.]
Provisions applicable to this Part
(ii) d’autre part, la juste valeur marchande, à ce moment, de l’ensemble des actions émises et en circulation du capital-actions de l’autre société; b) les actions du capital-actions d’une société qui comptent parmi les biens d’une société de personnes à un moment donné, ou qui sont réputées en vertu du présent paragraphe compter parmi ses biens à un moment donné, sont réputées appartenir, à ce moment, à chaque associé de la société de personnes, dans la proportion que représente le rapport entre : (i) d’une part, la juste valeur marchande, à ce moment, de la participation de l’associé dans la société de personnes, (ii) d’autre part, la juste valeur marchande, à ce moment, de l’ensemble des participations dans la société de personnes; c) les actions du capital-actions d’une société qui, à un moment donné, appartiennent à une fiducie non discrétionnaire (au sens du paragraphe 17(15)) autre qu’une fiducie exonérée (au sens du paragraphe (1)), ou qui sont réputées en vertu du présent paragraphe lui appartenir à un moment donné, sont réputées appartenir, à ce moment, à chaque bénéficiaire de la fiducie, dans la proportion que représente le rapport entre : (i) d’une part, la juste valeur marchande, à ce moment, du droit de bénéficiaire du bénéficiaire dans la fiducie, (ii) d’autre part, la juste valeur marchande, à ce moment, de l’ensemble des droits de bénéficiaire dans la fiducie; d) l’ensemble des actions du capital-actions d’une société qui, à un moment donné, appartiennent à une fiducie donnée (à l’exception d’une fiducie exonérée au sens du paragraphe (1) et d’une fiducie non discrétionnaire au sens du paragraphe 17(15)), ou qui sont réputées en vertu du présent paragraphe lui appartenir à un moment donné, sont réputées appartenir aux personnes ci-après à ce moment, ou compter parmi leurs biens à ce moment : (i) chaque bénéficiaire de la fiducie donnée à ce moment, (ii) chaque auteur, au sens du paragraphe 17(15), de la fiducie donnée à ce moment. Income Tax PART I Income Tax DIVISION B Computation of Income
Subsections 150(2) and (3), sections 152, 158 and 159, subsections 161(1) and (11), sections 162 to 167 and Division J of Part I apply to this Part, with any modifications that the circumstances require. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.]
Tax on Flow-through Shares Tax imposed
Impôt sur le revenu
A is the total of all amounts each of which is an amount that the corporation purported to renounce in the year under subsection 66(12.6) or 66(12.601) because of the application of subsection 66(12.66) (other than an amount purported to be renounced in respect of expenses incurred or to be incurred in connection with production or potential production in a province where a tax, similar to the tax provided under this Part, is payable by the corporation under the laws of the province as a consequence of the failure to incur the expenses that were purported to be renounced); B is the total of all amounts each of which is an amount that the corporation purported to renounce in the year under subsection 66(12.6) or 66(12.601) because of the application of subsection 66(12.66) and that is not included in the value of A; C is the total of all expenses described in paragraph 66(12.66)(b) that are (a) made or incurred by the end of the month by the corporation, and (b) in respect of the purported renunciations in respect of which an amount is included in the value of A; D is the total of all expenses described in paragraph 66(12.66)(b) that are (a) made or incurred by the end of the month by the corporation, and (b) in respect of the purported renunciations in respect of which an amount is included in the value of B; E is the rate of interest prescribed for the purpose of subsection 164(3) for the month; and (a) one, where the month is December, and (b) nil, in any other case.
Return and payment of tax
A corporation liable to tax under this Part in respect of one or more months in a calendar year shall, before March of the following calendar year, (a) file with the Minister a return for the year under this Part in prescribed form containing an estimate of the tax payable under this Part by it in respect of each month in the year; and (b) pay to the Receiver General the amount of tax payable under this Part by it in respect of each month in the year. COVID-19 – expenses deemed incurred earlier (2.1) If an agreement referred to in subsection 66(12.66) was made in 2019 or 2020, (a) the reference in subsection (2) to “the following calendar year” is to be read as a reference to “the second following calendar year”; and (b) for the purposes of this section and, where subparagraph (iii) applies, paragraph 66(12.66)(a), Canadian exploration expenses incurred by a corporation in respect of the agreement in a particular month in a calendar year are deemed to have been incurred (i) in January 2020, if the expenses were incurred in 2020 and the agreement was entered into in 2019, (ii) in January 2021, if the expenses were incurred in 2021 and the agreement was entered into in 2020, and [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1997, c. 25, s. 62; 2021, c. 23, s. 51.
Subsections 150(2) and 150(3), sections 152, 158 and 159, subsections 161(1) and 161(11), sections 162 to 167 and Division J of Part I apply to this Part, with any modifications that the circumstances require.
Règle contre la double comptabilisation (2.02) Pour l’application de l’hypothèse énoncée à l’alinéa b) de la définition de société étrangère affiliée contrôlée au paragraphe (1), relativement à un contribuable résident au Canada, qui sert à établir si une société étrangère affiliée du contribuable est, à un moment donné, une société étrangère affiliée contrôlée du contribuable, ni cet alinéa ni le paragraphe (2.01) n’ont pour effet d’exiger que l’intérêt ou, pour l’application du droit civil, le droit sur une action du capital-actions de la société affiliée du contribuable qui appartient à celui-ci à ce moment soit pris en compte plus d’une fois. Règle applicable à la définition de entreprise de placement (2.1) Pour l’application de la définition de entreprise de placement au paragraphe (1), une société étrangère affiliée d’un contribuable, le contribuable et, dans le cas où ce dernier est une société dont l’ensemble des actions émises appartiennent à une société visée au sous-alinéa 95(2.1)a)(i), cette société sont réputés ne pas avoir de lien de dépendance entre eux pour ce qui est de la conclusion de conventions qui prévoient l’achat, la vente ou l’échange de devises, dans les cas où, à la fois : a) le contribuable est : (i) soit une banque, une société de fiducie, une caisse de crédit, une compagnie d’assurance ou un négociateur ou courtier en valeurs mobilières ou en marchandises qui réside au Canada et dont les activités d’entreprise sont légalement sous la surveillance d’un organisme de réglementation, comme le surintendant des institutions financières ou un organisme provincial semblable, (ii) soit une filiale à cent pour cent d’une société visée au sous-alinéa (i); b) les conventions sont des contrats d’échange, des contrats d’achat ou de vente à terme, des contrats de garantie de taux d’intérêt, des contrats à terme normalisés, des contrats d’option ou de droits ou des contrats semblables; c) la société affiliée a conclu les conventions dans le cours des activités d’une entreprise qu’elle exploite, si, à la fois : (i) elle exploite cette entreprise principalement dans un pays étranger et principalement avec des personnes avec lesquelles elle n’a aucun lien de dépendance, (ii) ses activités d’entreprise sont réglementées dans ce pays; Income Tax PART I Income Tax DIVISION B Computation of Income
Carbon Capture, Utilization and Storage
Impôt sur le revenu
actual eligible use percentage, in respect of a CCUS project, for a period means the amount, expressed as a percentage, determined by the formula A is the quantity of captured carbon that the CCUS project supported for storage or use in eligible use during the period, and B is the total quantity of captured carbon that the CCUS project supported for storage or use in both eligible use and ineligible use during the period. exempt corporation at any time, means a corporation that does not have an ownership interest, whether directly or indirectly, in a qualified CCUS project in respect of which $20 million or more of qualified CCUS expenditures are expected to be incurred (based on the most recent project evaluation issued by the Minister of Natural Resources for the project). (société exonérée) first project period, in respect of a CCUS project, means the period that begins on the first day of commercial operations — or, if the project has not yet commenced operations, the day on which, according to the most recent project plan, operations are expected to begin — and ends (a) if that day is before October of a calendar year, on December 31 of the calendar year that includes the fourth anniversary of that day; or (b) if that day is after September of a calendar year, on December 31 of the calendar year that includes the fifth anniversary of that day. (première période du projet) knowledge sharing CCUS project means a qualified CCUS project that (a) is expected to incur qualified CCUS expenditures of $250 million or more based on the most recent project evaluation issued by the Minister of Natural Resources for the project; or knowledge sharing report, in respect of a CCUS project, means (a) an annual operations knowledge sharing report containing the information described by the Minister of Natural Resources in the CCUS-ITC Technical Guidance Document as published by the Minister of Natural Resources and amended from time to time, in the form annexed to the CCUS-ITC Technical Guidance Document; and recovery taxation year, in respect of a CCUS project, means any of the first recovery taxation year, the second recovery taxation year, the third recovery taxation year and the fourth recovery taxation year. (année d’imposition de recouvrement) relevant project period means (a) in respect of the first recovery taxation year, the first project period; (b) in respect of the second recovery taxation year, the second project period; (c) in respect of the third recovery taxation year, the third project period; and reporting-due day means the later of December 31, 2025 and (a) in respect of an annual climate risk disclosure report, the day that is nine months after the day on which the reporting taxation year for the report ends; (b) in respect of an annual operations knowledge sharing report, (i) if the report is the first such report, (A) where the project start-up date is before October 1 in a calendar year, June 30 of the following calendar year, and (B) where the project start-up date is after September 30 in a calendar year, June 30 of the second calendar year after the calendar year which includes the project start-up date, and (ii) if the report is not the first report, each June 30 of the first four calendar years immediately following the calendar year which includes the June 30 referred to in subparagraph (i); and reporting period means (a) in respect of the construction and completion knowledge sharing report, the period that begins on the first day an expenditure for a CCUS project is incurred and ends on the project start-up date of the knowledge sharing CCUS project; and (b) in respect of an annual operations knowledge sharing report, each period that begins on the project start-up date and ends on the last day of the calendar year ending immediately before the reporting-due day for the annual operations knowledge sharing report. reporting taxation year means (a) the first taxation year of a taxpayer in which a CCUS tax credit was deducted, in respect of a CCUS project of the taxpayer; and (b) each taxation year that (i) begins after a taxation year referred to in paragraph (a), and (ii) ends before the twenty-first calendar year after the end of the taxation year which includes the first day of commercial operations of the CCUS project. second project period, in respect of a CCUS project, means the five calendar years following the end of the first project period. second recovery taxation year, in respect of a project period of a CCUS project, means the taxation year that includes the last day of the second project period. third project period, in respect of a CCUS project, means the five calendar years following the end of the second project period. third recovery taxation year, in respect of a project period of a CCUS project, means the taxation year that includes the last day of the third project period. (fourth recovery taxation year) (third recovery taxation year) Recovery of development tax credit
A taxpayer shall pay a tax under this Part, for a particular taxation year that includes the first day of commercial operations of a CCUS project, or for any preceding year, equal to the amount, if any, by which the taxpayer’s cumulative CCUS development tax credit for the immediately preceding taxation year exceeds its cumulative CCUS development tax credit for the particular taxation year. Acceleration of recovery tax
If the actual eligible use percentage for a CCUS project for any period described in subparagraph (c)(i) or (ii) of the definition qualified CCUS project in subsection 127.44(1) is less than 10%, then for the purposes of applying subsections (4) and (5) (a) the actual eligible use percentage of the project for the relevant project period to which the period relates, and for each subsequent project period, is deemed to be nil; (b) the relevant project period for the particular recovery taxation year is deemed to include each subsequent project period; and (c) those subsections do not apply to a subsequent recovery taxation year in respect of the project. Development credits recovery amount
If the projected eligible use percentage of a CCUS project for the relevant project period in respect of a particular recovery taxation year exceeds the actual eligible use percentage of the CCUS project for that period by more than five percentage points, there shall be added to the tax otherwise payable under this Part for the particular recovery taxation year by a taxpayer that deducted a CCUS tax credit in respect of the CCUS project an amount equal to the amount determined by the formula A is the amount of the taxpayer’s cumulative CCUS development tax credit for the taxation year that includes the first day of commercial operations;
d) les modalités des conventions sont sensiblement les mêmes que celles de conventions semblables conclues par des personnes sans lien de dépendance. Règles applicables — Définition de entreprise de placement et alinéa (2)(l) (2.11) Un contribuable ou une société étrangère affiliée de celui-ci, selon le cas, est réputé ne pas avoir établi que les conditions énoncées au sous-alinéa a)(i) de la définition de entreprise de placement au paragraphe (1), ou au sous-alinéa (2)(l)(iii), sont réunies tout au long d’une période au cours d’une année d’imposition donnée de la société affiliée, à moins que les faits ci-après ne s’avèrent : a) tout au long de la période, le contribuable est, selon le cas : (i) une société donnée résidant au Canada qui, à la fois : (A) est une banque figurant à l’annexe I de la Loi sur les banques, une société de fiducie, une coopérative de crédit, une compagnie d’assurance ou un courtier en valeurs mobilières inscrit, dont les activités d’entreprise sont sous la surveillance d’un organisme de réglementation, comme le surintendant des institutions financières, un organisme de réglementation provincial semblable ou un organisme de réglementation des négociateurs ou courtiers en valeurs mobilières ou en marchandises mandaté ou approuvé par une province, (B) n’est pas une société dont la juste valeur marchande d’une action du capital-actions est déterminée principalement par rapport à un ou plusieurs des critères suivants : (I) la juste valeur marchande de biens dont la juste valeur marchande est inférieure à 90 % de la juste valeur marchande de l’ensemble des biens de la société, (II) les recettes, le revenu ou les rentrées provenant de tels biens, (III) les bénéfices ou gains provenant de la disposition de tels biens, (IV) tout autre critère semblable applicable à de tels biens, (ii) une société résidant au Canada à l’égard de laquelle les faits ci-après s’avèrent : (iv) a partnership (b) either (A) elle est une société, selon le cas : (I) dont la société donnée visée au sous-alinéa (i) est une filiale contrôlée, (II) dont une société visée au présent sous-alinéa est une filiale à cent pour cent, (B) elle n’est pas une société dont la juste valeur marchande d’une action du capital-actions est déterminée principalement par rapport à un ou plusieurs des critères suivants : (I) la juste valeur marchande des biens dont la juste valeur marchande est inférieure à 90 % de celle de l’ensemble des biens de la société, (II) les recettes, le revenu ou les rentrées provenant de tels biens, (III) les bénéfices ou gains provenant de la disposition de tels biens, (IV) toute autre critère semblable applicable à de tels biens, (iii) une société résidant au Canada dont chacune des actions du capital-actions appartient à une société visée au présent sous-alinéa ou aux sous-alinéas (i) ou (ii), (iv) une société de personnes à l’égard de laquelle l’un des énoncés ci-après se vérifie : (A) chacun de ses associés est une société visée à l’un des sous-alinéas (i) à (iii) ou une autre société de personnes visée au présent sous-alinéa, (B) les faits ci-après se vérifient à son égard : (I) la société de personnes est un courtier en valeurs mobilières inscrit dont les activités d’entreprise sont sous la surveillance d’un organisme de réglementation visé à la division a)(i)(A), (II) la part du revenu total ou de la perte totale de la société de personnes d’un associé détenant une participation majoritaire dans la société de personnes et qui est une société résidant au Canada ou une société de personnes canadienne — conjointement avec la part de chaque société résidant au Canada qui est affiliée à cet associé — est égale à la totalité, ou presque, du revenu total ou de la perte totale de la société de personnes; b) soit : (i) tout au long de la période, la société donnée visée à la division a)(i) a, ou est réputée avoir, pour certains objets, un capital propre d’au moins 2 milliards de dollars : (A) si la société donnée est une banque régie par la Loi sur les banques, (B) si la société donnée est une société de fiducie régie par la Loi sur les sociétés de fiducie et de prêt, (C) si la société donnée est une société d’assurances régie par la Loi sur les sociétés d’assurances, (ii) plus de 50 % du total des montants dont chacun représente un montant de capital imposable utilisé au Canada (au sens attribué par la partie I.3). b) selon le cas : (i) tout au long de la période, la société donnée visée au sous-alinéa a)(i), ou est réputée avoir à certaines fins, des capitaux propres d’au moins deux milliards de dollars en vertu de celle des lois ci-après qui est applicable : (A) s’agissant d’une banque, la Loi sur les banques, (B) s’agissant d’une société de fiducie, la Loi sur les sociétés de fiducie et de prêt, (C) s’agissant d’une compagnie d’assurance, la Loi sur les sociétés d’assurances, (ii) plus de 50 % du total des sommes dont chacune représente un montant de capital imposable utilisé au Canada, au sens de la partie I.3, du contribuable, ou d’une société résidant au Canada qui est affiliée au contribuable au cours de la période, est attribuable à une société donnée visée, selon le cas, au sous-alinéa (i), ou est réputée avoir à certaines fins des capitaux propres d’au moins deux milliards de dollars en vertu de celle des lois ci-après qui est applicable, ou à une société donnée dont les activités sont réglementées par le surintendant des institutions financières, un organisme de réglementation provincial semblable ou un organisme de réglementation des négociateurs ou courtiers en valeurs mobilières ou marchandises approuvé par une province. Participation admissible tout au long de l’année (2.2) Pour l’application des alinéas (2)a) et g), la société non-résidente qui n’est pas une société étrangère affiliée d’un contribuable dans laquelle celui-ci a une participation admissible tout au long d’une année d’imposition est réputée être une société étrangère affiliée du contribuable dans laquelle celui-ci a une participation admissible tout au long de l’année si, à la fois : a) au cours de l’année, une personne ou une société de personnes a acquis des actions du capital-actions de la société non-résidente ou d’une autre société, ou en a disposé, et, en raison de cette acquisition ou disposition, la société non-résidente devient une société étrangère affiliée du contribuable dans laquelle celui-ci a une participation admissible, ou cesse de l’être; b) au début ou à la fin de l’année, la société non-résidente est une société étrangère affiliée du contribuable dans laquelle celui-ci a une participation admissible. Rule re subsection (2.2) Application of paragraph (2)(a.1) Société étrangère affiliée contrôlée tout au long de l’année (2.201) Pour l’application des alinéas (2)a) et g), une société non-résidente est réputée être une société étrangère affiliée contrôlée d’un contribuable tout au long d’une année d’imposition de la société non-résidente, si, à la fois : a) au cours de l’année, une personne ou une société de personnes acquiert des actions du capital-actions d’une société, ou en dispose, et la société non-résidente devient de ce fait une société étrangère affiliée contrôlée du contribuable, ou cesse de l’être; b) au début et à la fin de l’année ou à l’un de ces moments, la société non-résidente est une société étrangère affiliée contrôlée du contribuable. Règle — application du par. (2.2) (2.21) Le paragraphe (2.2) ne s’applique pas, dans le cadre de l’alinéa (2)a), au revenu ou à la perte, visé à cet alinéa, d’une société étrangère affiliée donnée d’un contribuable, dans la mesure où il est raisonnable de considérer que ce revenu ou cette perte s’est accumulé avant le premier en date des moments suivants : a) le moment auquel la société affiliée donnée est devenue, compte non tenu du paragraphe (2.2), une société étrangère affiliée du contribuable dans laquelle celui-ci avait une participation admissible; b) le moment auquel la société affiliée donnée est devenue, compte non tenu du paragraphe (2.2), une société étrangère affiliée d’une autre personne résidant au Canada dans laquelle celle-ci avait une participation admissible, dans les cas où, à la fois : (i) le contribuable est une société, (ii) le contribuable n’existait pas au début de l’année d’imposition, (iii) la société affiliée donnée est devenue une société étrangère affiliée du contribuable dans l’année d’imposition en raison de la disposition, au cours de cette année, d’actions du capital-actions de la société affiliée donnée, effectuée en faveur du contribuable par l’autre personne, (iv) l’autre personne était liée au contribuable immédiatement avant cette disposition. Application de l’alinéa (2)a.1) (2.3) L’alinéa (2)a.1) ne s’applique pas à une société étrangère affiliée d’un contribuable relativement à la vente ou à l’échange d’un bien qui constitue de la monnaie ou un droit d’acheter, de vendre ou d’échanger de la monnaie, dans le cas où, à la fois : a) le contribuable est : (i) soit une banque, une société de fiducie, une caisse de crédit, une compagnie d’assurance ou un négociateur ou courtier en valeurs mobilières ou en marchandises qui réside au Canada et dont les activités d’entreprise sont légalement sous la surveillance d’un organisme de réglementation, comme le surintendant des institutions financières ou un organisme provincial semblable, (ii) soit une filiale à cent pour cent d’une société visée au sous-alinéa (i); b) la vente ou l’échange a été effectué par la société affiliée dans le cours des activités d’une entreprise menée principalement avec des personnes avec lesquelles elle n’a aucun lien de dépendance, si, selon le cas : (i) l’entreprise est principalement exploitée dans le pays (autre que le Canada) sous le régime des lois auquel la société affiliée est régie et, selon le cas, existe, a été constituée ou organisée (sauf si elle a été prorogée dans un territoire quelconque) ou a été prorogée la dernière fois, (ii) la société affiliée est une banque étrangère, une société de fiducie, une caisse de crédit, une compagnie d’assurance ou un négociateur ou courtier en valeurs mobilières ou marchandises et les activités de l’entreprise sont réglementées par les lois des pays suivants, selon le cas : (A) le pays sous le régime des lois duquel la société affiliée est régie et, selon le cas, existe, a été constituée ou organisée (sauf si elle a été prorogée dans un territoire quelconque) ou a été prorogée la dernière fois et chaque pays où l’entreprise est exploitée par l’intermédiaire d’un établissement stable situé dans ce pays, (B) le pays étranger où l’entreprise est principalement exploitée, (C) si la société affiliée est liée à une société, le pays sous le régime des lois duquel cette société liée est régie et, selon le cas, existe, a été constituée ou organisée (sauf si elle a été prorogée dans un territoire quelconque) ou a été prorogée la dernière fois, si ces lois sont reconnues par les lois du pays où l’entreprise est principalement exploitée et si ces pays sont tous membres de l’Union européenne; Income Tax PART I Income Tax DIVISION B Computation of Income
B is the amount that would be determined for A if the projected eligible use percentage for the relevant project period were equal to its actual eligible use percentage; and C is the total of all amounts, each of which is an amount previously paid by the taxpayer as a tax under this Part in respect of the disposition or export of a property in relation to the project because of subsection (9), to the extent that the amount did not reduce the tax payable by the taxpayer under this subsection in a preceding taxation year. Refurbishment credits recovery amount
Application of paragraphs (2)(a.1) and (a.3) Impôt sur le revenu
If the projected eligible use percentage of a CCUS project for the relevant project period in respect of a particular recovery taxation year exceeds the actual eligible use percentage of the CCUS project for that period by more than five percentage points, there shall be added to the tax otherwise payable under this Part for the particular recovery taxation year by a taxpayer that deducted a CCUS tax credit in respect of the CCUS project, an amount equal to the amount determined by the formula A is the total of all amounts, each of which is the amount that is the taxpayer’s CCUS refurbishment tax credit under subsection 127.44(5) for the year or a previous taxation year; B is the amount that would be determined for A if the projected eligible use percentage for the relevant project period were equal to its actual eligible use percentage; and C is the total of all amounts, each of which is an amount previously paid by the taxpayer as a tax under this Part in respect of the disposition or export of a property in relation to the project because of subsection (10), to the extent that the amount did not reduce the tax payable by the taxpayer under this subsection in a preceding taxation year.
For the purposes of determining a taxpayer’s liability for tax under this Part for a taxation year, subsection (7) applies if
(a) the actual eligible use percentage for a qualified CCUS project during a project period is significantly reduced due to extraordinary circumstances, for bona fide reasons outside the control of the taxpayer and each person or partnership that does not deal at arm’s length with the taxpayer; (b) the taxpayer requests in writing, on or before the taxpayer’s filing-due date for the year, that the Minister consider the potential application of this subsection and subsection (7); and (c) the Minister is satisfied that the taxpayer has taken all reasonable steps to attempt to rectify the extraordinary circumstances, and that it is appropriate, having regard to all the circumstances, to apply this subsection and subsection (7).
If the conditions set out in subsection (6) are met for a taxation year, (a) if the qualified CCUS project’s operations are affected by extraordinary circumstances for all or substantially all of the project period, then no amount is payable by the taxpayer for the year under subsections (3) to (5) in respect of the project; and (b) in any other case, the portion of the project period during which the project’s operations are affected by the extraordinary circumstances shall be disregarded for the purpose of calculating the actual eligible use percentage for the project period.
c) les modalités de la vente ou de l’échange du bien sont sensiblement les mêmes que celles de ventes ou d’échanges semblables de tels biens effectués par des personnes sans lien de dépendance. Application des alinéas (2)a.1) et a.3) (2.31) Les alinéas (2)a.1) et a.3) ne s’appliquent pas à une société étrangère affiliée contrôlée (pour l’application de l’article 17) d’une banque canadienne admissible, au sens du paragraphe (2.43), relativement aux activités exercées dans le but de tirer un revenu d’un bien, sauf un bien déterminé de la société affiliée, si les conditions ci-après sont réunies : a) la société affiliée vend le bien ou fournit des services à titre de mandataire dans le cadre de l’achat ou de la vente du bien, et il est raisonnable de conclure que le coût du bien pour une personne est pris en compte dans le calcul du revenu tiré (i) soit d’une entreprise exploitée par la banque ou par une personne résidant au Canada avec laquelle la banque a un lien de dépendance, (ii) soit d’une entreprise exploitée au Canada par une personne non résidente avec laquelle la banque a un lien de dépendance; b) la juste valeur marchande du bien peut être obtenue facilement et le bien, selon le cas : (i) est inscrit à la cote d’une bourse de valeurs reconnue, (ii) serait un bien évalué à la valeur du marché, au sens du paragraphe 142.2(1), de la banque s’il appartenait à celle-ci, (iii) est une créance due par la banque qui serait un bien évalué à la valeur du marché, au sens du paragraphe 142.2(1), de la société affiliée si, à la fois : (A) la société affiliée était le contribuable visé à cette définition, (B) la définition de titre de créance déterminé au paragraphe 142.2(1) s’appliquait compte non tenu de son alinéa d); c) l’achat et la vente du bien par la société affiliée, ou les services qu’elle fournit à titre de mandataire dans le cadre de l’achat ou de la vente, sont exécutés, à la fois : (i) selon des modalités qui sont sensiblement les mêmes que celles des achats ou des ventes semblables de tels biens, ou de services semblables dans le cadre des achats ou des ventes semblables de tels biens, de personnes sans lien de dépendance; Definition of specified property (a) a share of the capital stock of a corporation resident in Canada; (c) a debt obligation (i) of a corporation resident in Canada, (iii) of, or guaranteed by, the Government of Canada, the government of a province, an agent of a province, a municipality in Canada or a municipal or public body performing a function of government in Canada. Application of paragraph (2)(a.3) Application of paragraph (2)(a.3) intérêts gagnés par la société affiliée au cours d’une période de détention à court terme sur les dettes qu’elle a acquises en vue d’en faire le commerce) effectuée directement ou indirectement avec des personnes (appelées « clients réguliers » au présent paragraphe) qui, à la fois : (A) n’ont aucun lien de dépendance avec elle, (B) résident dans un pays étranger ou y exploitent une entreprise par l’intermédiaire d’un établissement stable, (ii) elle a une présence importante sur les marchés du pays, (iii) une ou plusieurs personnes qui n’ont aucun lien de dépendance avec elle et qui résident dans le pays ou y exploitent une entreprise par l’intermédiaire d’un établissement stable : (A) d’une part, exploitent une entreprise qui, à la fois : (I) fait concurrence dans le pays à l’entreprise de la société affiliée, (II) exerce des activités qui sont régies par les lois du pays ou, si le pays est membre de l’Union européenne, d’un des pays membres de l’Union européenne, de la même manière que le sont les activités de l’entreprise de la société affiliée, (B) d’autre part, ont une présence importante sur les marchés du pays. Pour l’application du présent paragraphe, une acquisition de dettes auprès du contribuable est réputée faire partie du commerce de dettes visé à l’alinéa b), dans le cas où les dettes sont acquises par la société affiliée et vendues à des clients réguliers et où les modalités de l’acquisition et de la vente sont sensiblement les mêmes que celles des acquisitions et de ventes semblables effectuées par la société affiliée dans le cadre de transactions avec des personnes avec lesquelles elle n’a aucun lien de dépendance. Application de l’al. (2)a.3) (2.41) L’alinéa (2)a.3) ne s’applique pas à une société étrangère affiliée d’un contribuable résident au Canada pour ce qui est du revenu de la société affiliée pour une année d’imposition provenant, directement ou indirectement, de dettes de personnes résidant au Canada ou de dettes relatives à des entreprises exploitées au Canada (appelées « dettes canadiennes » au présent paragraphe) si, à la fois : Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of determining a taxpayer’s liability for tax under this Part for a recovery taxation year, if a qualified CCUS project is inoperative for all or a portion of a relevant project period, (a) if the project is inoperative for all or substantially all of the period, then no amount is payable by the taxpayer for the year under subsections (3) to (5) in respect of the project; and (b) in any other case, the portion of the project period during which the project is inoperative shall be disregarded for the purpose of calculating the actual eligible use percentage for the project period.
Impôt sur le revenu
Except where subsection (11) applies, if at any time in a particular taxation year a taxpayer disposes of or exports from Canada a property for which the taxpayer’s qualified CCUS expenditure resulted in the determination of a cumulative CCUS development tax credit for a previous taxation year, or would so result for the particular year but for this subsection, the following rules apply: (a) if the time is before the total CCUS project review period of the CCUS project to which the expenditure relates, the expenditure is deemed not to be a qualified CCUS expenditure in respect of the CCUS project for the purpose of determining the taxpayer’s cumulative CCUS development tax credit for the particular year and any subsequent taxation years; and (b) if the time is during the total CCUS project review period of the CCUS project to which the expenditure relates, there shall be added to the tax otherwise payable by the taxpayer under this Part for the year the amount determined by the formula A is the qualified CCUS expenditure in respect of the property as determined for the taxation year that includes the first day of commercial operations, C is the amount, not exceeding the amount determined for D, equal to (i) if the property is disposed of to a person who deals at arm’s length with the taxpayer, the proceeds of disposition of the property, or (ii) if the property is disposed of to a person who does not deal at arm’s length with the taxpayer, or is exported from Canada but not disposed of, the fair market value of the property at that time, D is the taxpayer’s capital cost of the property, and E is the total of all amounts, each of which can reasonably be considered to be the portion of any amount previously paid by the taxpayer because of subsection (4) in respect of the property, to the extent that the amount did not reduce the tax payable by the taxpayer under this subsection in a preceding taxation year.
Except where subsection (11) applies, if at any time in a particular taxation year during the total project review period of a CCUS project a taxpayer disposes of or removes from Canada a property for which the taxpayer’s qualified CCUS expenditure resulted in the determination of a CCUS refurbishment tax credit for the year or a previous taxation year, then there shall be added to the tax otherwise payable by the taxpayer under this Part for the year the amount determined by the formula A is the qualified CCUS expenditure in respect of the property; C is the amount, not exceeding the amount determined for D, equal to (a) if the property is disposed of to a person who deals at arm’s length with the taxpayer, the proceeds of disposition of the property, (b) if the property is disposed of to a person who does not deal at arm’s length with the taxpayer, or is exported from Canada, the fair market value of the property; D is the taxpayer’s capital cost of the property; and E is the total of all amounts, each of which can reasonably be considered to be the portion of any amount previously paid by the taxpayer because of subsection (5) in respect of the property, to the extent that the amount did not reduce the tax payable by the taxpayer under this subsection in a preceding taxation year.
If at any time a qualifying taxpayer (referred to in this subsection as the “vendor”) disposes of all or substantially all of its property that is part of a qualified CCUS project of the taxpayer to another taxable Canadian corporation (referred to in this subsection as the “purchaser”) and the vendor and the purchaser jointly elect in prescribed form to have this subsection apply, the following rules apply: (a) the purchaser is deemed to have made the qualifying expenditures of the vendor at the times incurred by the vendor;
(b) the provisions of this Act that applied to the vendor in respect of the property that are relevant to the application of the Act in respect of the property after that time are deemed to have applied to the purchaser and, for greater certainty, the purchaser is deemed to have claimed the tax credits determined under section 127.44 that could have been claimed by the vendor, before that time, in respect of the CCUS project; (c) any project plans that were prepared or filed by the vendor in respect of the CCUS project before that time are deemed to have been filed by the purchaser; (d) the purchaser is or will be liable for amounts in respect of the property for which the vendor would be liable under this Part in respect of actions, transactions or events that occur after that time as if the vendor had undertaken them or otherwise participated in them; and Partnerships
a) le contribuable est, à la fin de l’année d’imposition de la société affiliée : (i) soit une compagnie d’assurance-vie résidant au Canada dont les activités d’entreprise sont légalement sous la surveillance du surintendant des institutions financières ou d’un organisme provincial semblable, (ii) soit une société résidant au Canada qui est une filiale contrôlée d’une compagnie visée au sous-alinéa (i); b) les dettes canadiennes sont utilisées ou détenues par la société affiliée, tout au long de la période de l’année d’imposition où elle les a utilisées ou détenues, dans le cadre de l’exploitation d’une entreprise (appelée « entreprise d’assurance-vie » au présent paragraphe) qui est une entreprise d’assurance-vie exploitée à l’étranger (sauf une entreprise réputée par l’alinéa (2)a.2) être une entreprise distincte autre qu’une entreprise exploitée activement), et dont les activités sont réglementées par les lois des pays suivants : (i) le pays sous le régime des lois duquel la société affiliée est régie et tout territoire dans lequel elle existe, a été constituée (sauf si la société affiliée a été prorogée dans un territoire quelconque) ou a été prorogée dernièrement, (ii) le pays, s’il y a lieu, où l’entreprise est exploitée principalement; c) plus de 90 % du revenu brut tiré de primes de la société affiliée pour l’année d’imposition relativement à l’entreprise étrangère d’assurance-vie provient de l’assurance ou de la réassurance de risques (moins les risques cédés à un réassureur) de personnes qui, à la fois : (i) étaient des non-résidents au moment de l’établissement ou de la souscription des polices relatives à ces risques, (ii) à ce moment, n’avaient aucun lien de dépendance avec la société affiliée, le contribuable et les personnes liées à la société affiliée ou au contribuable à ce moment; d) il est raisonnable de conclure que la société affiliée a utilisé ou détenu les dettes canadiennes : (i) soit en vue de financer une obligation ou une provision de l’entreprise étrangère d’assurance-vie, (ii) soit en vue de financer un capital qui peut raisonnablement être considéré comme nécessaire pour l’entreprise étrangère d’assurance-vie. Exception re paragraph (2)(a.3) (ii) any other use. Definitions — subsections (2.43) to (2.45) because of subsection (2.31). (dettes canadiennes admissibles) exceeds dettes canadiennes Dettes de personnes résidant au Canada ou dettes relatives à des entreprises exploitées au Canada. En sont exclus les dépôts en amont. (Canadian indebtedness) dettes canadiennes admissibles Obligations, débentures, billets ou titres semblables du gouvernement du Canada, du gouvernement d’une province, d’un mandataire d’une province, d’une municipalité du Canada ou d’un organisme municipal ou public remplissant une fonction gouvernementale au Canada qui sont détenues par la filiale bancaire admissible d’une banque canadienne admissible. En sont exclus les biens relativement auxquels l’alinéa (2.3)a) ne s’applique pas en raison du paragraphe (2.31). (eligible Canadian indebtedness) dettes désignées totales Les dettes désignées totales détenues par la filiale bancaire admissible d’une banque (actif organique) (dettes déterminées) (b) is not resident in Canada. (dépôts apparentés) canadienne admissible pour une année d’imposition de la filiale correspondante à la moyenne des sommes dont chacune représente, pour un mois se terminant dans l’année, le montant le plus élevé, au cours du mois, du total des sommes dont chacune représente : a) le montant d’un dépôt en amont détenu par la filiale; b) le montant d’une dette canadienne admissible détenue par la filiale; c) la juste valeur marchande positive ou négative d’une couverture de change admissible de la filiale. (total specified indebtedness) dettes déterminées Dépôts en amont ou dettes canadiennes admissibles détenus par la filiale bancaire admissible d’une banque canadienne admissible, dans la mesure où il est raisonnable de considérer : a) d’une part, que les dépôts en amont ou l’acquisition des dettes canadiennes admissibles, selon le cas, sont financés : (i) soit par des biens transférés ou prêtés par une personne autre que la banque ou une personne résidant au Canada qui, au moment du transfert ou du prêt, avait un lien de dépendance avec celle-ci; (ii) soit par le remboursement de tout ou partie d’un dépôt en amont détenu par la filiale, (iii) soit par l’achat de dettes canadiennes admissibles par la banque ou par une personne résidant au Canada qui, au moment du transfert ou du prêt, avait un lien de dépendance avec celle-ci; b) d’autre part, que le produit des dépôts en amont ou le produit reçu par le vendeur des dettes canadiennes admissibles, selon le cas, sert à une fin autre que le financement d’un transfert ou d’un prêt de biens par la banque ou par une autre personne résidant au Canada qui, au moment du transfert ou du prêt, avait un lien de dépendance avec la banque — à la filiale ou à une autre société étrangère affiliée de la banque ou de l’autre personne. (qualifying indebtedness) filiale bancaire admissible Est une filiale bancaire admissible d’une banque canadienne admissible au moment donné toute banque étrangère qui, à ce moment, est une société étrangère affiliée contrôlée de la banque pour l’application de l’article 17 et est visée au sous-alinéa a)(i) de la définition de entreprise de placement au paragraphe (1). (eligible bank affiliate) (c) the positive or negative fair market value of an eligible currency hedge of the affiliate. (dettes désignées totales) upstream deposit, owing to an eligible bank affiliate of an eligible Canadian bank, means indebtedness owing by the bank to the affiliate. (dépôt en amont) FAPI adjustment — eligible bank affiliate A - B - C - D where E × F/G where qui provient d’une couverture de change admissible de celle-ci, ou d’une dette déterminée qu’elle détient, et qui, en l’absence du présent paragraphe, serait inclus dans le calcul de son revenu provenant d’une entreprise autre qu’une entreprise exploitée activement, B le total des sommes dont chacune représente la perte de la filiale pour l’année qui découle d’une couverture de change admissible de celle-ci, ou d’une dette déterminée qu’elle détient, et qui, en l’absence du présent paragraphe, serait déduite dans le calcul de son revenu provenant d’une entreprise autre qu’une entreprise exploitée activement, C le total des sommes dont chacune représente la partie éventuelle d’une somme incluse dans le calcul de la valeur des éléments A ou B relativement à un dépôt en amont qui est soit un des la somme qui correspondrait au revenu de la filiale pour l’année tiré du dépôt, soit inférieure à sa perte pour l’année découlant du dépôt, si les intérêts reçus ou à recevoir par la filiale relativement au dépôt étaient calculés à un taux d’intérêt égal au moindre des taux suivants : (A) le taux d’intérêt relatif au dépôt, (B) le taux d’intérêt de référence que le ministre estime acceptable et qui correspond à celle des moyennes ci-après qui est applicable : (I) si le dépôt est libellé dans une monnaie admissible, au sens du paragraphe 261(1), la moyenne, pour l’année, d’un taux interbancaire quotidien offert à l’égard de prêts libellés dans cette monnaie d’une durée à l’échéance de trois mois, (II) dans les autres cas, la moyenne, pour l’année, d’un taux quotidien à l’égard des acceptations bancaires en dollars canadiens d’une durée à l’échéance de trois mois, D la somme obtenue par la formule suivante : E × F/G où : E représente l’excédent de la valeur de l’élément A sur le total des valeurs des éléments B et C, exceeds Definitions for paragraph (2)(a.3) (2.5) For the purpose of paragraph 95(2)(a.3), (a) derived directly or indirectly from a specified deposit with a prescribed financial institution, (d) included in computing the affiliate’s income or loss from an active business for the year because of subparagraph (2)(a)(ii); (revenu exclu) (II) le montant des dépôts apparentés de la filiale pour le mois civil qui précède de deux mois le moment donné ou, si la filiale a été constituée moins de deux mois avant ce moment, pour le mois civil qui comprend ce moment, (III) le montant de l’actif organique de la filiale pour le mois civil qui précède de deux mois le moment donné ou, si la filiale a été constituée moins de deux mois avant ce moment, pour le mois civil qui comprend ce moment, (iii) l’excédent de la somme visée à la division (ii)(A) sur celle visée au sous-alinéa (ii) est réputé correspondre à la juste valeur marchande d’un bien de la filiale qui n’est pas un bien exclu au moment donné. Définitions applicables à l’alinéa (2)a.3) (2.5) Les définitions qui suivent s’appliquent à l’alinéa (2)a.3). dépôt déterminé Dépôt d’une société étrangère affiliée d’un contribuable auprès d’un établissement financier visé par règlement qui réside au Canada, si le revenu provenant du dépôt est un revenu de la société affiliée pour l’année qui, en l’absence de l’alinéa (2)a.3), serait un revenu provenant d’une entreprise exploitée activement par elle dans un pays étranger, à l’exception d’une entreprise dont le principal objet est de tirer un revenu de biens (y compris tous intérêts, dividendes, loyers, redevances et rendements semblables ainsi que tous montants remplaçant de tels rendements) ou des bénéfices de la disposition de biens de placement. (specified deposit) dette Ne sont pas des dettes les obligations d’une personne donnée prévues par des conventions d’achat, de vente ou d’échange de monnaie conclues avec des sociétés non-résidentes, dans le cas où, à la fois : a) les conventions en cause sont des contrats d’échange, des contrats d’achat ou de vente à terme, des contrats de garantie de taux d’intérêt, des contrats à terme normalisés, des contrats d’option ou de droits ou des contrats semblables; b) la personne donnée est une banque, une société de fiducie, une caisse de crédit, une société d’assurances ou un négociateur ou courtier en valeurs mobilières ou en marchandises qui réside au Canada et dont les activités d’entreprise sont légalement sous la surveillance d’un organisme de réglementation au Canada, comme le surintendant des institutions financières ou un organisme provincial semblable; c) les conventions sont conclues par la société non-résidente dans le cours des activités d’une entreprise menée principalement avec des personnes avec lesquelles elle n’a aucun lien de dépendance, si, selon le cas : (i) l’entreprise est principalement exploitée dans le pays étranger sous le régime des lois duquel la société non-résidente est régie et, selon le cas, existe, a été constituée ou organisée (sauf si elle a été prorogée dans un territoire quelconque) ou a été prorogée la dernière fois, (ii) la société non-résidente est une société étrangère affiliée à la personne donnée ou d’une personne liée à celle-ci, et, à la fois : (A) la société non-résidente est une banque étrangère, une société de fiducie, une caisse de crédit, une compagnie d’assurance ou un négociateur ou un courtier en valeurs mobilières ou en marchandises, (B) les activités de l’entreprise sont réglementées par les lois des pays suivants, selon le cas : (I) le pays sous le régime des lois duquel la société non-résidente est régie et, selon le cas, existe, a été constituée ou organisée (sauf si elle a été prorogée dans un territoire quelconque) ou a été prorogée la dernière fois et chaque pays où l’entreprise est exploitée par l’intermédiaire d’un établissement stable situé dans ce pays, (II) le pays étranger où l’entreprise est principalement exploitée, (III) si la société affiliée est liée à une société, les pays sous le régime des lois sous le régime des lois duquel une société liée à la société non-résidente est régie et, selon le cas, existe, a été constituée ou organisée (sauf si elle a été prorogée dans un territoire quelconque) ou a été prorogée la dernière fois, si ces lois sont reconnues par les lois du pays où l’entreprise est principalement exploitée et si ces pays sont tous membres de l’Union européenne; d) les modalités des conventions sont sensiblement les mêmes que celles des conventions semblables conclues par des personnes sans lien de dépendance. Income Tax PART I Income Tax DIVISION B Computation of Income
Subject to section 127.47, if subsection 127.44(11) has at any time applied to add an amount in computing the CCUS tax credit of a member of the partnership, then for the purposes of this Part, subsections (2) to (11) shall apply to determine amounts in respect of the partnership as if the partnership were a taxable Canadian corporation, its fiscal period were its taxation year and it had deducted all of the CCUS tax credits that were previously added in computing the CCUS tax credit of any member of the partnership under subsection 127.44(2) because of the application of subsection 127.44(11) in respect of its partnership interest.
Rule for the definition specified person or partnership (a) the transportation of persons or goods; Impôt sur le revenu
Unless subsection (14) applies, if, in a taxation year, a taxpayer is a member of a partnership, the amount that can reasonably be considered to be the taxpayer’s share of any amount of tax determined because of subsection (12) in respect of the partnership for its fiscal period ending in the taxation year shall be added to the taxpayer’s tax otherwise payable under this Part for the taxation year. Election by member to pay tax
A taxable Canadian corporation that is a member of a partnership during a fiscal period of the partnership may elect, in prescribed form and manner, to add to its tax payable under this Part for its taxation year that includes the end of the fiscal period the total amount of tax determined for that fiscal period because of subsection (12) in respect of the partnership. Joint, several and solidary liability
Each member of a partnership is jointly and severally, or civil law, solidarily, liable for any portion of the amount of tax — determined because of subsection (12) in respect of the partnership for a taxation year — that is not added to the tax payable (a) of a member of the partnership under subsection (13); or (b) of a taxable Canadian corporation because of subsection (14) and paid by the corporation by its filing-due date for the year. Reporting requirements (a) if the taxpayer is a knowledge sharing taxpayer, submit in respect of each reporting period a knowledge sharing report to the Minister of Natural Resources on or before the reporting-due day for the report; and (b) if the taxpayer is a corporation that is not an exempt corporation, on or before the reporting-due day for each reporting taxation year, make available to the public, in prescribed manner, a climate risk disclosure report for the year that (i) describes the climate-related risks and opportunities for the corporation based on the following thematic areas: (A) the corporation’s governance in respect of climate-related risks and opportunities, (B) the actual and potential impacts of climate-related risks and opportunities on the corporation’s business, strategy and financial planning, if such information is material, (c) the processes used by the corporation to identify, assess and manage climate related risks, and (d) the metrics and targets used by the corporation to assess and manage relevant climate-related risks and opportunities, and (A) commitments under the Paris Agreement made on December 12, 2015, and (B) goal of net-zero emissions by 2050. Publication
For the purposes of subsection (1), a climate risk disclosure report is deemed to have been made public in a prescribed manner if the report includes the date it was published and is made publicly available by, or on behalf of, the corporation on the website of the corporation or a related person for a period of at least three years after the reporting-due day. Shared filing
revenu exclu S’agissant du revenu exclu pour une année d’imposition relativement à une société étrangère affiliée d’un contribuable, le revenu qui, selon le cas : a) est tiré, directement ou indirectement, d’un dépôt déterminé auprès d’une institution financière visée par règlement; b) est tiré, directement ou indirectement, d’une obligation découlant d’un bail d’une personne (sauf le contribuable ou une personne avec laquelle il a un lien de dépendance avec lui) résidant au Canada liée à l’utilisation d’un bien par la personne dans le cadre de l’exploitation d’une entreprise par l’entremise d’un établissement stable à l’étranger; c) est inclus dans le calcul du revenu de la société affiliée pour l’année provenant de l’exploitation d’une entreprise par l’entremise d’un établissement stable au Canada; d) est inclus dans le calcul du revenu ou de la perte de la société affiliée provenant d’une entreprise exploitée activement pour l’année par l’effet du sous-alinéa (2)a)(ii). (excluded income and excluded revenue) Application de la définition de personne ou société de personnes déterminée (2.6) Pour l’application des alinéas (a) à (d) de la définition de personne ou société de personnes déterminée au paragraphe (1), si une personne ou une société de personnes (appelée « contribuable » au présent paragraphe) a un lien de dépendance avec une autre personne ou société de personnes (appelée « personne donnée » au présent paragraphe) à un moment donné, le contribuable est réputé avoir existé et avoir eu un lien de dépendance avec la personne donnée, ainsi qu’avec chaque société remplacée de la personne donnée, tout au long de la période ayant commencé lorsque la personne donnée ou la société remplacée déterminée, selon le cas, a commencé à exister et se terminant au moment donné. Définition de services
If a person is required by subsection (1) to submit a knowledge sharing report in respect of a knowledge sharing CCUS project, the submission with full and accurate disclosure by any such person of the report is deemed to have been made by each person to whom subsection (1) applies in respect of the report. Penalty — non-compliance with reporting requirements
Pour l’application de l’alinéa (2b), l’assurance de risques canadiens est comprise parmi les services mais les services visés ne comprennent pas : a) le transport de personnes ou de marchandises; b) les services rendus à l’occasion de l’achat ou de la vente de marchandises; c) la transmission de signaux électroniques ou d’électricité au moyen d’un système de transmission situé à l’étranger; Income Tax PART I Income Tax DIVISION B Computation of Income
Every knowledge sharing taxpayer that fails to provide the knowledge sharing report required under paragraph (1)(a) in respect of a reporting period is liable to a penalty in the amount of $2 million payable the day after the reporting-due day.
Application of paragraph (2)(b) — eligible Canadian bank Impôt sur le revenu
Every taxpayer that fails to make available the climate risk disclosure report as required under paragraph Publication
(b) in respect of a reporting taxation year is liable to a penalty in the amount that is the lesser of (a) 4% of the total of all amounts, each of which is the amount of a CCUS tax credit of the corporation in respect of each taxation year that ended before the reporting-due day for the reporting taxation year, and
The Department of Natural Resources shall publish on a website, maintained by the Government of Canada, each knowledge sharing report referred to in subsection (1) as soon as practicable after a taxpayer has submitted the report. Eligible use reporting
If a CCUS tax credit was deducted for a taxation year by a taxpayer in respect of a CCUS project that began operational operations in the year or a prior taxation year, the actual eligible use percentage for a relevant project period in respect of the CCUS project is deemed to be nil until the taxpayer has filed in prescribed form, with each of its returns of income for taxation years that include any part of the relevant project period, a report stating (a) the actual amount of carbon captured, during the calendar year ending in the taxation year, for storage or use in eligible use; and (b) the total quantity of captured carbon during that calendar year that supported storage or use in both eligible use and ineligible use. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2024, c. 15, s. 58.
d) la fabrication ou la transformation à l’étranger, selon les spécifications du contribuable et en vertu d’un contrat entre le contribuable et la société affiliée, d’un bien tangible ou, pour l’application du droit civil, d’un bien corporel appartenant au contribuable, à condition que le bien issu de la fabrication ou de la transformation soit utilisé ou détenu par le contribuable dans le cours normal des activités de son entreprise exploitée au Canada. Application de l’alinéa (2b) — banque canadienne admissible (3.01) L’alinéa (2b)) ne s’applique pas à une société étrangère affiliée contrôlée (pour l’application de l’article 17) d’une banque canadienne admissible, au sens du paragraphe (2.43), relativement aux services rendus à l’occasion de l’achat ou de la vente d’un bien visé à l’alinéa (2.31)b) si les conditions ci-après sont réunies : a) les services ont été rendus par la société affiliée, de la façon suivante : (i) selon des modalités qui sont sensiblement les mêmes que celles qui auraient été conclues entre personnes sans lien de dépendance, (ii) dans le cadre d’une entreprise qui, à la fois : (A) comporte régulièrement le commerce de valeurs mobilières principalement avec des personnes avec lesquelles la société affiliée n’a aucun lien de dépendance, (B) est exploitée principalement par l’intermédiaire d’un établissement stable situé dans un pays étranger, (iii) dans le but de permettre l’acquisition ou la disposition du bien par une personne qui, au moment de l’acquisition ou de la disposition, n’a de lien de dépendance ni avec la société affiliée ni avec la banque canadienne admissible; b) la société affiliée est une banque étrangère ou négociateur en valeurs mobilières et les activités de l’entreprise sont régies par les lois des pays ci-après, selon le cas : (i) le pays sous le régime des lois duquel la société affiliée est régie et, selon le cas, existe, a été constituée ou organisée (sauf si elle a été prorogée dans un territoire quelconque), et a été prorogée le dernier lieu, et les lois de chaque pays où l’entreprise est exploitée par l’intermédiaire d’un établissement stable situé dans ce pays, (ii) le pays sous le régime des lois duquel l’entreprise est principalement exploitée, ou Rules for clause (2)(b)(ii)(B)
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2024, c. 15, s. 58. Records and books
(i) a person resident in Canada, or Designated property — subparagraph (2)(a.1)(i) (iii) le pays (sauf le Canada) où l’entreprise est exploitée principalement, (iii) si la société affiliée est liée à une société, les lois du pays sous le régime des lois duquel cette dernière est régie et, selon le cas, existe, a été constituée ou organisée (sauf si elle a été prorogée dans un territoire quelconque) ou a été prorogée la dernière fois, pourvu que ces lois soient reconnues par les lois du pays où l’entreprise est principalement exploitée et que ces pays soient tous membres de l’Union européenne. Règles d’application — division (2)(b)(ii)(B)
(b) 26 years after the end of the taxpayer’s last taxation year for which an amount was deemed to have been paid under subsection 127.44(2) by reason of its paragraph (a). [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2024, c. 15, s. 58. Tax on Income from Canada of Non-resident Persons
a) chacune des personnes ci-après est une personne déterminée : (i) une personne résidant au Canada, (ii) une personne non-résidente qui exécute les services visés au sous-alinéa (2)(b)(ii) dans le cadre d’une entreprise (autre qu’une entreprise protégée par traité) exploitée au Canada; b) toute partie d’une entreprise exploitée par une personne non-résidente qui est exploitée au Canada est réputée être une entreprise qui est distincte de toute autre partie de l’entreprise qu’elle exploite. Biens désignés — sous-al. (2)a.1)(i)
(a) a management or administration fee or charge; (b) interest that (i) is not fully exempt interest and is paid or payable (A) to a person with whom the payer is not dealing at arm’s length, or (B) in respect of a debt or other obligation to pay an amount to a person with whom the payer is not dealing at arm’s length, or
a) des biens qui ont été vendus soit à des personnes non-résidentes autres que la société étrangère affiliée, soit à cette dernière en vue de leur revente à des personnes non-résidentes et qui ont fait l’objet des opérations suivantes : (i) selon le cas : (A) ils ont été fabriqués, produits, cultivés, extraits ou transformés au Canada par le contribuable, ou par une personne avec laquelle il a un lien de dépendance, dans le cadre de l’exploitation d’une entreprise au Canada, (B) ils ont été fabriqués ou transformés, dans le cadre d’une entreprise exploitée à l’étranger par une société étrangère affiliée du contribuable, à partir de biens tangibles ou, pour l’application du droit civil, de biens corporels qui, au moment de la fabrication ou de la transformation, appartenaient au contribuable ou à une personne qui lui est liée et étaient utilisés ou détenus par le propriétaire dans le cadre de l’exploitation d’une entreprise au Canada, pourvu que les biens aient été fabriqués ou transformés selon les spécifications de leur propriétaire et en vertu d’un contrat entre le propriétaire et cette société affiliée, (ii) ils ont été acquis, dans le cadre de l’exploitation d’une entreprise au Canada, par un acheteur d’un vendeur si, à la fois : (A) l’acheteur est le contribuable ou est une personne résidant au Canada avec laquelle le contribuable a un lien de dépendance, (B) le vendeur est une personne qui, à la fois : (I) n’a aucun lien de dépendance avec le contribuable, (II) n’est pas une société étrangère affiliée du contribuable, (III) n’est pas une société étrangère affiliée d’une personne résidant au Canada avec laquelle le contribuable a un lien de dépendance, (iii) ils ont été acquis par un acheteur d’un vendeur si, à la fois : (A) l’acheteur est le contribuable ou est une personne résidant au Canada avec laquelle le contribuable a un lien de dépendance, (B) le vendeur est une société étrangère affiliée : (I) soit du contribuable, (II) soit d’une personne résidant au Canada avec laquelle le contribuable a un lien de dépendance, (C) les biens ont été fabriqués, produits, cultivés, extraits ou transformés dans le pays, à la fois : (I) sous le régime des lois duquel le vendeur est régi et, selon le cas, existe, a été constitué ou organisé (sauf s’il a été prorogé dans un territoire quelconque) ou a été prorogé la dernière fois, (II) où l’entreprise du vendeur est principalement exploitée; Contract manufacturing Definitions b) des droits réels sur des immeubles, ou des intérêts sur des biens réels, situés dans le pays, ou des avoirs miniers étrangers à l’égard du pays, à la fois : (i) sous le régime des lois duquel la société affiliée est régie et, le cas, existe, a été constituée ou organisée (sauf si elle a été prorogée dans un territoire quelconque) ou a été prorogée la dernière fois, (ii) où l’entreprise de la société affiliée est principalement exploitée. Fabrication en sous-traitance (3.2) Pour l’application de la division (2)a.1)(ii)(A), un bien d’une société étrangère affiliée donnée est réputé avoir été fabriqué par la société affiliée donnée dans un pays donné s’il est, à la fois : a) conçu et mis au point par la société affiliée donnée dans le pays donné dans le cadre d’une entreprise exploitée activement par cette société affiliée dans le pays donné; b) fabriqué, produit ou transformé à l’extérieur du pays donné par une autre société étrangère affiliée du contribuable, pendant une période où le contribuable détient une participation déterminée dans l’autre société affiliée, à la fois : (i) aux termes d’un contrat conclu entre la société affiliée donnée et l’autre société affiliée, (ii) conformément aux spécifications fournies par la société affiliée donnée. Définitions
(ii) is participating debt interest; Estate or trust income (c) income of or from an estate or a trust to the extent that the amount (i) is included in computing the income of the non-resident person under subsection 104(13), except to the extent that the amount is deemed by subsection 104(21) to be a taxable capital gain of the non-resident person, or (ii) can reasonably be considered (having regard to all the circumstances including the terms and conditions of the estate or trust arrangement) to be a distribution of, or derived from, an amount received by the estate or trust as, on account of, in lieu of payment of or in satisfaction of, a dividend on a share of the capital stock of a corporation resident in Canada, other than a taxable dividend; (d) rent, royalty or similar payment, including, but not so as to restrict the generality of the foregoing, any payment (i) for the use of or for the right to use in Canada any property, invention, trade-name, patent, trademark, design or model, plan, secret formula, process or other thing whatever, (ii) for information concerning industrial, commercial or scientific experience where the total amount payable as consideration for that information is dependent in whole or in part on (A) the use to be made of, or the benefit to be derived from, that information, (B) production or sales of goods or services, or (iii) for services of an industrial, commercial or scientific character performed by a non-resident person where the total amount payable as consideration for those services is dependent in whole or in part on (A) the use to be made of, or the benefit to be derived from, those services, (B) production or sales of goods or services, or but not including a payment made for services performed in connection with the sale of property or the negotiation of a contract, (iv) unless paragraph (i) applies to the amount, made pursuant to an agreement between a person resident in Canada and a non-resident person under which the non-resident person agrees not to use or not to permit any other person to use any thing referred to in subparagraph (i) or any information referred to in subparagraph (ii), or (v) that was dependent on the use of or production from property in Canada whether or not it was an instalment on the sale price of the property, but not including an instalment on the sale price of agricultural land, but not including (vi) a royalty or similar payment on or in respect of a copyright in respect of the production or reproduction of any literary, dramatic, musical or artistic work, (vii) a payment in respect of the use by a railway company or by a person whose principal business is that of a common carrier of property that is railway rolling stock as defined in the definition rolling stock in section 2 of the Railway Act (A) if the payment is made for the use of that property for a period or periods not expected to exceed in the aggregate 90 days in any 12 month period, or (B) in any other case, if the payment is made pursuant to an agreement in writing entered into before November 19, 1974; (viii) a payment made under a bona fide cost-sharing arrangement under which the person making the payment shares on a reasonable basis with one or more non-resident persons research and development expenses in exchange for an interest, or for civil law a right, in any or all property or other things of value that may result therefrom, (ix) a rental payment for the use of or the right to use outside Canada any tangible, or for civil law corporeal, property, (x) any payment made to a person with whom the payer is dealing at arm’s length, to the extent that the amount thereof is deductible in computing the income of the payer under Part I from a business carried on by the payer in a country other than Canada, (xi) a payment made to a person with whom the payer is dealing at arm’s length for the use of or the right to use property that is (B) furniture, fittings or equipment attached to an aircraft, (D) air navigation equipment utilized in the provision of services under the Civil Air Navigation Services Commercialization Act or computer software the use of which is necessary for the operation of that equipment that is used by the payer for no other purpose; or (xii) an amount to which subsection (5) would apply if that subsection were read without reference to “to the extent that the amount relates to that use or reproduction”; (e) a timber royalty in respect of a timber resource property or a timber limit in Canada (which, for the purposes of this Part, includes any consideration for a right under or pursuant to which a right to cut or take timber from a timber resource property or a timber limit in Canada is obtained or derived, to the extent that the consideration is dependent on, or computed by reference to, the amount of timber cut or taken); (g) a patronage dividend, that is, a payment made pursuant to an allocation in proportion to patronage as defined by section 135 or an amount that would, under subsection 135(7), be included in computing the non-resident person’s income if that person were resident in Canada; (h) a payment of a superannuation or pension benefit, other than (ii) an amount distributed from a pooled registered pension plan that has been designated by the administrator of the plan in accordance with subsection 147.5(18), (iii) an amount or payment referred to in subsection 81(1) to the extent that that amount or payment would not, if the non-resident person had been resident in Canada throughout the taxation year in which the payment was made, be included in computing that person’s income, (iii.1) the portion of the payment that is transferred by the payer on behalf of the non-resident person, pursuant to an authorization in prescribed form, to a pooled registered pension plan, registered pension plan, registered retirement savings plan, registered retirement income fund or specified pension plan and that (A) because of any of subsections 146(21), 147.3(9) and 147.5(22) would not, if the non-resident person had been resident in Canada throughout the taxation year in which the payment was made, be included in computing the non-resident person’s income, or (B) by reason of paragraph 60(j) or 60(j.2) would, if the non-resident person had been resident in Canada throughout the year, be deductible in computing the non-resident person’s income for the year, (iii.2) an amount referred to in paragraph 110(1)(f) to the extent that the amount would, if the non-resident person had been resident in Canada throughout the taxation year in which the amount was paid, be deductible in computing that person’s taxable income or that of the spouse or common-law partner of that person, (iv) in the case of a payment described in section 57, that portion of the payment that would, by virtue of that section, not be included in the recipient’s income for the taxation year in which it was received, if the recipient were resident in Canada throughout that year, or (iv.1) the portion of the payment that is transferred by the payer on behalf of the non-resident person, pursuant to an authorization in prescribed form, to acquire an annuity contract in circumstances to which subsection 146(21) applies, except such portion, if any, of the payment as may reasonably be regarded as attributable to services rendered by the person, to or in respect of whom the payment is made, in taxation years (v) during which the person at no time was resident in Canada, and (vi) throughout which the person was not employed, or was only occasionally employed, in Canada; Restrictive covenant amount (i) an amount that would, if the non-resident person had been resident in Canada throughout the taxation year in which the amount was received or receivable, be required by paragraph 56(1)(m) or subsection 56.4(2) to be included in computing the non-resident person’s income for the taxation year; (j) any benefit described in any of subparagraphs 56(1)(a)(iii) to 56(1)(a)(vi), any amount described in paragraph 56(1)(x) or 56(1)(z) (other than an amount transferred under circumstances in which subsection 207.6(7) applies) or the purchase price of an interest in a retirement compensation arrangement; (i) such portion, if any, of the payment as may reasonably be regarded as attributable to services rendered by the person, to or in respect of whom the payment is made, in taxation years (A) during which the person at no time was resident in Canada, and (B) throughout which the person was not employed, or was only occasionally employed, in Canada, and (ii) the portion of the payment transferred by the payer on behalf of the non-resident person pursuant to an authorization in prescribed form to a registered pension plan or to a registered retirement savings plan under which the non-resident person is the annuitant (within the meaning assigned by subsection 146(1)) that would, if the non-resident person had been resident in Canada throughout the year, be deductible in computing the income of the non-resident person by virtue of paragraph 60(j.1); (k) a payment by a trustee under a registered supplementary unemployment benefit plan; Registered retirement savings plan payments (l) a payment out of or under a registered retirement savings plan or a plan referred to in subsection 146(12) as an “amended plan” that would, if the non-resident person had been resident in Canada throughout the taxation year in which the payment was made, be required by section 146 to be included in computing the income of the non-resident person for the year, other than the portion thereof that (i) has been transferred by the payer on behalf of the non-resident person pursuant to an authorization in prescribed form (A) to a registered retirement savings plan under which the non-resident person is the annuitant (within the meaning assigned by subsection 146(1)), (B) to acquire an annuity described in subparagraph 60(l)(ii) under which the non-resident person is the annuitant, or (C) to a carrier (within the meaning assigned by subsection 146.3(1)) as consideration for a registered retirement income fund under which the non-resident person is the annuitant (within the meaning assigned by subsection 146.3(1)), and (ii) would, if the non-resident person had been resident in Canada throughout the year, be deductible in computing the income of the non-resident person for the year by virtue of paragraph 60(l); Advanced life deferred annuity payment (l.1) a payment of an amount described in paragraph 56(1)(z.5); Deferred profit sharing plan payments (m) a payment under a deferred profit sharing plan or a plan referred to in subsection 147(15) as a "revoked plan" that would, if the non-resident person had been resident in Canada throughout the taxation year in which the payment was made, be required by section 147, if it were read without reference to subsections 147(10.1) and 147(20), to be included in computing the non-resident person's income for the year, other than the portion thereof that is transferred by the payer on behalf of the non-resident person, pursuant to an authorization in prescribed form, to a registered pension plan or registered retirement savings plan and that (i) by reason of subsection 147(20) would not, if the non-resident person had been resident in Canada throughout the year, be included in computing the non-resident person's income, or (ii) by reason of paragraph 60(j.2) would, if the non-resident person had been resident in Canada
Les définitions qui suivent s’appliquent au présent article. pourcentage d’intérêt Le pourcentage d’intérêt d’une personne à un moment donné dans une société donnée est le total des montants suivants : a) le pourcentage d’intérêt direct de cette personne dans la société donnée à ce moment-là; b) tous les pourcentages dont chacun est le produit de la multiplication du pourcentage d’intérêt de cette personne à ce moment-là dans toute société par le pourcentage d’intérêt direct de cette société à ce moment dans la société donnée; toutefois dans le cadre de la définition de pourcentage de participation au paragraphe (1), l’alinéa b) s’applique comme si la mention de « toute société » était remplacée par la mention de « toute société qui est une société résidant au Canada ». (equity percentage) A ≥ 90% where (ii) the definition participating percentage in subsection (1) were read without reference to its paragraph (a) and that portion of its paragraph (b) before subparagraph (i); (société étrangère affiliée contrôlée admissible) A + B - C where pourcentage d’intérêt direct Le pourcentage d’intérêt direct d’une personne dans une société à un moment donné est le pourcentage déterminé selon les règles suivantes : a) pour chaque catégorie des actions émises du capital-actions de la société, déterminer le pourcentage que représente le nombre d’actions de cette catégorie, appartenant à cette personne à ce moment, par rapport au nombre total d’actions émises de cette catégorie à ce moment; b) choisir le pourcentage déterminé en vertu de l’alinéa a) pour cette personne, à l’égard de la société, qui est au moins égal à tout autre pourcentage ainsi déterminé pour cette personne à l’égard de la société à ce moment, et le pourcentage choisi en vertu de l’alinéa b) est le pourcentage d’intérêt direct de cette personne dans la société à ce moment. (direct equity percentage) prix de base approprié Le prix de base approprié d’un bien à un moment donné pour une société étrangère affiliée d’un contribuable, relativement à celui-ci, correspond à la plus élevée des sommes suivantes : a) la somme obtenue par la formule ci-après où, dans le cas où le contribuable n’est pas une société, la somme qui serait ainsi obtenue s’il était une société résidant au Canada : A + B - C où : A représente la somme pour laquelle il pourrait être disposé du bien à ce moment et qui, en l’absence de l’alinéa (2)f.1), n’entraînerait pas ni ajout ni déduction de somme dans le calcul des montants ci-après de la société affiliée : (i) les gains exonérés, la perte exonérée, les gains imposables et la perte imposable (ces termes s’entendant au sens du paragraphe 5907(1) du Règlement de l’impôt sur le revenu) relativement au contribuable, pour l’année d’imposition de la société affiliée qui comprend ce moment, (ii) le surplus hybride et le déficit hybride, relativement au contribuable, à ce moment, B la somme qui serait retranchée, en application de l’alinéa (2)f.1), d’un montant de revenu qui est un produit de disposition du bien si le bien était disposé de celui-ci à ce moment pour un produit de disposition égal à sa juste valeur marchande à ce moment, where (b) either (ii) in any other case, nil. (prix de base approprié) Application of s. 87(8.1) c la somme qui serait retranchée, en application de l’alinéa (2)f.1), d’un montant de perte provenant d’une disposition du bien s’il était disposé de celui-ci à ce moment pour un produit de disposition égal à sa juste valeur marchande à ce moment; b) selon le cas : (i) si la société affiliée est une société étrangère affiliée contrôlée admissible du contribuable à ce moment, le montant que le contribuable choisit selon les règles prévues par règlement, relativement au bien, n’excédant pas la juste valeur marchande de ce bien à ce moment; (ii) dans les autres cas, zéro. (relevant cost base) société étrangère affiliée contrôlée admissible S’entend, relativement au contribuable à un moment donné, d’une société étrangère affiliée de celui-ci à ce moment à l’égard de laquelle les conditions ci-après sont réunies : a) elle est une société étrangère affiliée contrôlée du contribuable à ce moment ainsi qu’à la fin de son année d’imposition; b) la condition suivante est remplie : A ≥ 90 % où : A représente le total des sommes, chacune étant le pourcentage de participation (calculé à la fin de l’année d’imposition) d’une action appartenant au contribuable du capital-actions d’une société de la société affiliée si les conditions suivantes sont réunies : (i) il n’est pas tenu compte de la phrase « si la société affiliée est une société étrangère affiliée contrôlée admissible du contribuable à ce moment, » au sous-alinéa b)(i) de la définition de prix de base approprié, (ii) il n’est pas tenu compte de la mention de l’alinéa a) et du passage de l’alinéa b) précédant le sous-alinéa (i) à la définition de pourcentage de participation. (eligible controlled foreign affiliate) Application du par. 87(8.1) (4.1) Pour l’application du présent article, les termes fusion étrangère, nouvelle société étrangère, société étrangère remplacée, et société mère étrangère s’entendent au sens du paragraphe 87(8.1). Income Tax PART I Income Tax DIVISION B Computation of Income
throughout the year, be deductible in computing the non-resident person’s income for the year; Income-averaging annuity contract payments (n) a payment under an income-averaging annuity contract, any proceeds of the surrender, cancellation, redemption, sale or other disposition of an income-averaging annuity contract, or any amount deemed by subsection 61.1(1) to have been received by the non-resident person as proceeds of the disposition of an income-averaging annuity contract; Other annuity payments (o) a payment under an annuity contract (other than a payment in respect of an annuity issued in the course of carrying on a life insurance business in a country other than Canada) to the extent of the amount in respect of the interest of the non-resident person in the contract that, if the non-resident person had been resident in Canada throughout the taxation year in which the payment was made, (i) would be required to be included in computing the income of the non-resident person for the year, (ii) would not be deductible in computing that income; Former TFSA (p) an amount that would, if the non-resident person had been resident in Canada at the time at which the amount was paid, be required by paragraph 12(1)(z.5) to be included in computing the non-resident person’s income for the taxation year that includes that time; Registered retirement income fund payments (q) a payment out of or under a registered retirement income fund that would, if the non-resident person had been resident in Canada throughout the taxation year in which the payment was made, be required by section 146.3 to be included in computing the non-resident person’s income for the year, other than the portion thereof that (i) has been transferred by the payer on behalf of the non-resident person pursuant to an authorization in prescribed form (A) to a registered retirement savings plan under which the non-resident person is the annuitant (within the meaning assigned by subsection 146(1)),
Tracking interests — interpretation Impôt sur le revenu
(B) to acquire an annuity described in subparagraph 60(l)(ii) under which the non-resident person is the annuitant, or (C) to a carrier (within the meaning assigned by subsection 146.3(1)) as consideration for a registered retirement income fund under which the non-resident person is the annuitant (within the meaning assigned by subsection 146.3(1)), and (ii) would, if the non-resident person had been resident in Canada throughout the year, be deductible in computing the non-resident person’s income for the year by reason of paragraph 60(l); Registered education savings plan (r) a payment that is (i) required by paragraph 56(1)(q) to be included in computing the non-resident person’s income under Part I for a taxation year, and (ii) not required to be included in computing the non-resident person’s taxable income or taxable income earned in Canada for the year; Registered disability savings plan (r.1) an amount that would, if the non-resident person had been resident in Canada throughout the taxation year in which the amount was paid, be required by paragraph 56(1)(q.1) to be included in computing the non-resident person’s income for the taxation year; (s) a grant under a prescribed program of the Government of Canada relating to home insulation or energy conversion; NISA Fund No. 2 payments (t) a payment out of a NISA Fund No. 2 to the extent that the amount would, if Part I applied, be required by subsection 12(10.2) to be included in computing the person’s income for a taxation year; Amateur athlete trust payments (u) a payment in respect of an amateur athlete trust that would, if Part I applied, be required by section 143.1 to be included in computing the person’s income for a taxation year; Payments under an eligible funeral arrangement (v) a payment made by a custodian (within the meaning assigned by subsection 148.1(1)) of an arrangement that was, at the time it was established, an eligible funeral arrangement, to the extent that such amount would, if the non-resident person were resident in Canada, be included because of subsection 148.1(3) in computing the person’s income; (w) a payment out of a trust that is, or was, at any time, an employee life and health trust, except to the extent that it is a payment of a designated employee benefit (as defined by subsection 144.1(1)); Tax informant program (x) a payment of an amount described in paragraph 56(1)(z.4); or (y) a payment out of a FHSA, other than any portion of the payment that is transferred in accordance with subsection 146.6(7).
Every non-resident person shall pay an income tax of 25% on every amount that a corporation resident in Canada pays or credits, or is deemed by Part I or Part XIV to pay or credit, to the non-resident person as, on account or in lieu of payment of, or in satisfaction of, (a) a taxable dividend (other than a capital gains dividend within the meaning assigned by subsection 130.1(4), 131(1) or 133(7.1)); or CELIAPP (2.1) Subsection (2) does not apply to an amount paid or credited, by a borrower, under a securities lending arrangement or a specified securities lending arrangement if (a) the amount is deemed by subparagraph 260(8)(a)(ii) to be a dividend; (i) the arrangement is a fully collateralized arrangement, or (ii) the borrower and the lender are dealing at arm’s length; and (c) the security that is transferred or lent to the borrower under the securities lending arrangement is a share of a class of the capital stock of a non-resident corporation.
The following definitions apply for the purpose of paragraph (1)(b). fully exempt interest means (a) interest that is paid or payable on a bond, debenture, note, mortgage, hypothecary claim or similar debt obligation (i) of, or guaranteed (otherwise than by being insured by the Canada Deposit Insurance Corporation) by, the Government of Canada, (ii) of the government of a province, (v) of a corporation, commission or association to which any of paragraphs 149(1)(d) to (d.6) applies, or (vi) of an educational institution or a hospital if repayment of the principal amount of the obligation and payment of the interest is to be made, or is guaranteed, assured or otherwise specifically provided for or secured by the government of a province; (b) interest that is paid or payable on a mortgage, hypothecary claim or similar debt obligation secured by, or on an agreement for sale or similar obligation with respect to, real property situated outside Canada or an interest in any such real property, or to immovables situated outside Canada or a real right in any such immovable, except to the extent that the interest payable on the obligation is deductible in computing the income of the payer under Part I from a business carried on by the payer in Canada or from property other than real or immovable property situated outside Canada; (c) interest that is paid or payable to a prescribed international organization or agency; or (d) an amount paid or payable or credited under a securities lending arrangement, or a specified securities lending arrangement, that is deemed by subparagraph 260(8)(a)(i) to be a payment made by a borrower to a lender of interest, if the arrangement is a fully collateralized arrangement, and (i) the following conditions are met: (A) the arrangement was entered into by the borrower in the course of carrying on a business outside Canada, and (B) the security that is transferred or lent to the borrower under the arrangement is described in paragraph (b) of the definition qualified security in subsection 260(1) and issued by a non-resident issuer, (ii) the security that is transferred or lent to the borrower under the arrangement is described in paragraph (c) of the definition qualified security in subsection 260(1), or participating debt interest means interest (other than interest described in any of paragraphs (b) to (d) of the definition fully exempt interest) that is paid or payable on an obligation, other than a prescribed obligation, all or any portion of which interest is contingent or dependent on the use of or production from property in Canada or is computed by reference to revenue, profit, cash flow, commodity price or any other similar criterion or by reference to dividends paid or payable to shareholders of any class of shares of the capital stock of a corporation. (intérêts sur des créances participatives) Back-to-back loan arrangement (3.1) Subsection (3.2) applies at any time in respect of a taxpayer if (a) the taxpayer pays or credits a particular amount at that time as, on account or in lieu of payment of, or in satisfaction of, interest (determined without reference to paragraph 18(6.1)(b) and subsection 214(16)) in respect of a particular debt or other obligation to pay an amount to a person or partnership (in this subsection and subsection (3.2) referred to as the immediate funder); (b) the immediate funder is not (i) a person resident in Canada that does not deal at arm’s length with the taxpayer, or (ii) a partnership each member of which is a person described in subparagraph (i); (c) at any time in the period during which the interest accrued (in this subsection and subsections (3.2) and (3.3) referred to as the relevant period), a relevant funder, in respect of a particular relevant funding arrangement, (i) has an amount outstanding as or on account of a debt or other obligation to pay an amount to a person or partnership that meets any of the following conditions: (A) recourse in respect of the debt or other obligation is limited in whole or in part, either immediately or in the future and either absolutely or contingently, to a relevant funding arrangement, or (B) it can reasonably be concluded that all or a portion of the particular relevant funding arrangement was entered into, or was permitted to remain in effect, because (I) all or a portion of the debt or other obligation was entered into or was permitted to remain outstanding, or (II) the relevant funder anticipated that all or a portion of the debt or other obligation would become owing or remain outstanding, or (ii) has a specified right in respect of a particular property that was granted directly or indirectly by a person or partnership (B) it can reasonably be concluded that all or a portion of the particular relevant funding arrangement was entered into, or was permitted to remain in effect, because (I) the specified right was granted, or (II) the relevant funder anticipated that the specified right would be granted; (d) the tax that would be payable under this Part in respect of the particular amount, if the particular amount were paid or credited to any ultimate funder rather than the immediate funder, is greater than the tax payable under this Part (determined without reference to this subsection and subsection (3.2)) in respect of the particular amount; and (e) at any time during the relevant period, the total of all amounts — each of which is an amount outstanding as or on account of a debt or other obligation owed by the immediate funder that is a relevant funding arrangement or the fair market value of a particular property in respect of which the immediate funder is granted a specified right that is a relevant funding arrangement — is equal to at least 25% of the total of (i) the amount outstanding as or on account of the particular debt or other obligation, and (ii) the total of all amounts each of which is an amount (other than the amount described in subparagraph (i)) that the taxpayer, or a person or partnership that does not deal at arm’s length with the taxpayer, has outstanding as or on account of a debt or other obligation to pay an amount to the immediate funder under the agreement, or an agreement that is connected to the agreement, under which the particular debt or other obligation was entered into where (A) the immediate funder is granted a security interest (as defined in subsection 18(5)) in respect of a property that is the debt or other obligation owed by the immediate funder or the particular property, as the case may be, and the security interest secures the payment of two or more debts or other obligations that include the debt or other obligation and the particular debt or other obligation, and (B) each security interest that secures the payment of a debt or other obligation referred to in
clause (A) secures the payment of every debt or other obligation referred to in that clause. Back-to-back loan arrangement (3.2) If this subsection applies at any time in respect of a taxpayer, then for the purposes of paragraph (1)(b), the taxpayer is deemed, at that time, to pay interest to each ultimate funder, the amount of which is determined for each particular ultimate funder by the formula A is the particular amount referred to in paragraph (3.1)(a); B is the portion, if any, of the particular amount deemed by subsection 214(16) to have been paid by the taxpayer as a dividend; C is the average of all amounts each of which is, at a particular time in the relevant period, the amount determined by the formula G is the lesser of the following amounts: (a) the amount of the particular debt or other obligation referred to in paragraph (3.1)(a) outstanding at the particular time, and (b) the total of all amounts each of which is at that particular time (i) an amount outstanding as or on account of a debt or other obligation that is owed to the particular ultimate funder under a relevant funding arrangement, (ii) the fair market value of a particular property referred to in subparagraph (3.1)(c)(ii) in respect of which the particular ultimate funder has granted a specified right under a relevant funding arrangement, or (iii) if neither subparagraph (i) nor (ii) applies at that particular time, nil, and H is the total of all amounts each of which is, at the particular time, the amount that is (a) an amount outstanding as or on account of a debt or other obligation that is owed by the particular ultimate funder under a relevant funding arrangement, (b) the fair market value of a particular property referred to in subparagraph (3.1)(c)(ii) in respect of which the particular ultimate funder has a specified right under a relevant funding arrangement, or (c) if neither paragraph (a) nor (b) applies at that particular time, nil; D is the average of all amounts each of which is the amount of the particular debt or other obligation outstanding at a time in the relevant period; E is the rate of tax (determined without reference to subsection 214(16)) that would be imposed under this Part on the particular amount if the particular amount were paid by the taxpayer to the particular ultimate funder at that time; and F is the rate of tax (determined without reference to subsection 214(16)) imposed under this Part on the immediate funder in respect of all or the portion of the particular amount paid or credited to the immediate funder. Back-to-back arrangement — election (3.21) Subsection (3.22) applies in respect of a taxpayer and two or more ultimate funders (referred to in this subsection and subsection (3.22) as the electing ultimate funders) at any time if (a) at that time, subsection (3.2) applies in respect of the taxpayer; (b) prior to that time, the taxpayer and the electing ultimate funders have jointly filed an election under this subsection; (c) the election designates one of the electing ultimate funders to be the recipient of interest payments that are deemed to be made by the taxpayer under subsection (3.22); (d) at that time, the tax that would be payable under this Part in respect of an interest payment by the taxpayer to the designated ultimate funder is not less than the tax that would be payable under this Part if the interest payment were made by the taxpayer to any of the other electing ultimate funders; and (e) the election has not been revoked prior to that time. Back-to-back arrangement — election (3.22) If this subsection applies at any time in respect of a taxpayer and two or more electing ultimate funders, then each interest payment that would, in the absence of this subsection, have been deemed under subsection (3.2) to have been made at that time by the taxpayer to an electing ultimate funder, and received by the electing ultimate funder from the taxpayer, is deemed to have instead been (a) made by the taxpayer to the designated ultimate funder; and (b) received by the designated ultimate funder from the taxpayer. (3.3) Subsection (3.4) applies in respect of a particular relevant funder if the amount determined by the following formula is greater than nil: A is the total of all amounts each of which is the amount owing by the particular relevant funder, or is the fair market value of a property in respect of which the particular relevant funder has a specified right, under a relevant funding arrangement; and B is the total of all amounts each of which is the amount owed to the particular relevant funder, or is the fair market value of a property in respect of which the particular relevant funder has granted a specified right, under a relevant funding arrangement. Excess funding — deemed funding allocation (3.4) If this subsection applies in respect of a particular relevant funder, for the purposes of subsections (3.2) to (3.4) (other than for the purpose of applying subsections (3.3) and (3.4) in respect of the particular relevant funder), each amount that is owed by the particular relevant funder, or that is the fair market value of a property in respect of which the particular relevant funder has been granted a specified right, under a relevant funding
Dividendes en actions payés par une société étrangère affiliée
arrangement, is deemed to be the amount determined by the formula C is the amount owing or the fair market value of the property, as the case may be; D is the amount determined for A in subsection (3.3); and E is the amount determined for B in subsection (3.3). Multiple funding arrangements (3.5) If an amount owing by a relevant funder or a specified right held by the relevant funder is a relevant funding arrangement in respect of more than one particular debt or other obligation referred to in paragraph (3.1)(a), for the purposes of applying subsections (3.2) to (3.4) in respect of each of the particular debts or other obligations, the amount owing, or the fair market value of the property in respect of which the specified right was granted, as the case may be, is deemed, in respect of each particular debt or other obligation, to be the amount determined by the formula A is the total of all amounts each of which is an amount owing to the relevant funder, or the fair market value of a property in respect of which the relevant funder has granted a specified right, under a relevant funding arrangement, in respect of the particular debt or other obligation; B is the total of all amounts each of which is an amount owing to the relevant funder, or the fair market value of a property in respect of which the relevant funder has granted a specified right, under a relevant funding arrangement, in respect of all of the particular debts or other obligations; and C is the amount owing by the relevant funder or the fair market value of the property in respect of which the relevant funder holds the specified right. Back-to-back loan arrangement — character substitution other obligation referred to in paragraph (3.1)(a) was entered into — the particular relevant funder has an obligation to pay or credit an amount as, on account or in lieu of payment of, or in satisfaction of, a dividend on the shares, either immediately or in the future and either absolutely or contingently, to a person or partnership, and any of the following conditions is met: (i) the amount of the dividend is determined, in whole or in part, by reference to an amount of interest paid or credited, or an obligation to pay or credit interest, under a relevant funding arrangement, or (ii) it can reasonably be concluded that the particular relevant funding arrangement was entered into or was permitted to remain in effect, because (A) the shares were issued or were permitted to remain issued and outstanding, or (B) it was anticipated that the shares would be issued or would be permitted to remain issued and outstanding; or (b) a specified royalty arrangement, if — at any time at or after the time when the debt or other obligation referred to in paragraph (3.1)(a) was entered into — a particular relevant funder, in respect of a particular relevant funding arrangement, is a specified licensee that has an obligation to pay or credit an amount under the specified royalty arrangement, either immediately or in the future and either absolutely or contingently, to a person or partnership, and any of the following conditions is met: (i) the amount is determined, in whole or in part, by reference to an amount of interest paid or credited, or an obligation to pay or credit interest, under a relevant funding arrangement, or (ii) it can reasonably be concluded that the particular relevant funding arrangement was entered into or was permitted to remain in effect, because (A) the specified royalty arrangement was entered into or was permitted to remain in effect, or (B) it was anticipated that the specified royalty arrangement would be entered into or remain in effect. Back-to-back loan arrangement — character substitution (a) the specified royalty arrangement or the holding of the shares, as the case may be, is deemed to be a relevant funding arrangement; (b) the specified licensee or shareholder, as the case may be, in respect of the relevant funding arrangement, is deemed to be a relevant funder, in respect of the relevant funding arrangement; (c) the conditions in paragraph (3.1)(c) are deemed to be met in respect of the relevant funding arrangement; and (d) the relevant funder is deemed to be owed, under the relevant funding arrangement and by the particular relevant funder, an amount as or on account of a debt, the outstanding amount of which is determined by the formula A is the total of all amounts each of which is at the particular time, (i) an amount outstanding as or on account of a debt or other obligation that is owed to the particular relevant funder under a relevant funding arrangement, (ii) the fair market value of a particular property referred to in subparagraph (3.1)(c)(ii) in respect of which the particular relevant funder has granted a specified right under a relevant funding arrangement, or (iii) if neither subparagraph (i) nor (ii) applies at that particular time, nil, B is the total of all amounts each of which is, at the particular time, in respect of a relevant funding arrangement (other than a relevant funding arrangement deemed under paragraph (a)) and is (i) an amount outstanding as or on account of a debt or other obligation that is owed by the
Pour l’application de la présente sous-section et du paragraphe 52(3), le montant de tout dividende en actions payé par une société étrangère affiliée d’une société résidant au Canada est, à l’égard de cette dernière société, réputé être nul. Participations de référence — interprétation
(ii) the fair market value of a particular property referred to in subparagraph (3.1)(c)(ii) in respect of which the particular relevant funder has been granted a specified right under a relevant funding arrangement, or (iii) if neither subparagraph (i) nor (ii) applies at that particular time, nil, C is the fair market value, at the particular time, of (i) if the relevant funding arrangement is described in paragraph (3.6)(a), the shares, or (ii) if the relevant funding arrangement is described in paragraph (3.6)(b), the specified royalty arrangement, and D is the total of all amounts each of which is, in respect of a relevant funding arrangement referred to in the description of C, the amount determined for C at the particular time. Back-to-back loan arrangement — definitions (3.8) The following definitions apply in this subsection and subsections (3.1) to (3.7) and (3.81). relevant funder, in respect of a relevant funding arrangement, means (a) if the relevant funding arrangement is described in paragraph (a) of the definition relevant funding arrangement, the immediate funder referred to in paragraph (3.1)(a); (b) if the relevant funding arrangement is described in paragraph (b) of the definition relevant funding arrangement, the creditor in respect of the debt or other obligation or the grantor of the specified right, as the case may be; or (c) a person or partnership that does not deal at arm’s length with a person or partnership that is referred to in paragraph (a) or (b) and that deals at arm’s length with the taxpayer. (bailleur de fonds considéré) relevant funding arrangement means specified share means a share of the capital stock of a corporation if, under the terms or conditions of the share, or any agreement or arrangement relating to the share, (a) the holder of the share may cause the share to be redeemed, acquired or cancelled; (b) the issuing corporation is, or may be, required to redeem, acquire or cancel the share at a specific time; or ultimate funder means a relevant funder, in respect of a relevant funding arrangement (other than the immediate funder) that either (b) is a debtor, or a holder of a specified right, under a relevant funding arrangement, if the amount that would — if the relevant funder were an ultimate funder — be determined for C in the formula in subsection (3.2) is greater than nil. (bailleur de fonds ultime) (a) specified shares of a relevant funder, in respect of a relevant funding arrangement, held at any time by a person or partnership are deemed to be a debt of the relevant funder owing to the person or partnership; and (b) the amount outstanding at that time as or on account of the debt is deemed to be equal to the fair market value of the specified shares at that time. Back-to-back arrangement — rents, royalties, similar payments (3.9) Subsection (3.91) applies at any time in respect of a taxpayer if (a) the taxpayer pays or credits a particular amount at that time as, on account or in lieu of payment of, or in satisfaction of, rent, royalty or similar payment, in respect of a particular lease, licence or similar agreement, to a non-resident person or a partnership any member of which is a non-resident person (in this subsection and subsections (3.91) to (3.94) referred to as the immediate licensor); (b) at any time at or after the time when the particular lease, licence or similar agreement was entered into, (i) a relevant licensor in respect of a particular relevant royalty arrangement has an obligation to pay or credit an amount, either immediately or in the future and either absolutely or contingently, to a person or partnership, in respect of a specified royalty arrangement, and either of the following additional conditions is met: (A) the amount is determined, in whole or in part, by reference to (I) an amount paid or credited, or an obligation to pay or credit an amount, in respect of a relevant royalty arrangement, or (II) one or more of the fair market value of, any revenue, profits, income, or cash flow from, or any other similar criteria in respect of, a particular property, if a right in respect of the property is granted under the particular lease, licence or similar agreement, or (B) it can reasonably be concluded that the particular relevant royalty arrangement was entered into, or was permitted to remain in effect, because (I) the specified royalty arrangement was entered into or was permitted to remain in effect, or (II) it was anticipated that the specified royalty arrangement would be entered into or remain in effect, and (ii) either the person or partnership (A) does not deal at arm’s length with the taxpayer, or (B) deals at arm’s length with the taxpayer, if it can reasonably be concluded that one of the main purposes of the specified royalty arrangement was (I) to reduce or avoid the tax payable under this Part in respect of the particular amount, or (II) to avoid the application of subsection (3.91); and (c) the tax that would be payable under this Part in respect of the particular amount, if the particular amount were paid or credited to an ultimate licensor rather than the immediate licensor, is greater than the tax payable under this Part (determined without reference to this subsection and subsection (3.91)) in respect of the particular amount. Back-to-back arrangement — rents, royalties, similar payments (3.91) If this subsection applies at any time in respect of a taxpayer, then, for the purposes of paragraph (1)(d), the taxpayer is deemed, at that time, to pay to each ultimate licensor an amount — of the same character as the particular amount referred to in paragraph (3.9)(a) — determined for each particular ultimate licensor by the formula is the particular amount referred to in paragraph (3.9)(a); (a) the portion of the amount referred to in paragraph (3.9)(a) that is demonstrated, to the satisfaction of the Minister, to be reasonably allocable to the particular ultimate licensor, and (b) if an amount is not demonstrated, to the satisfaction of the Minister, to be reasonably allocable to each particular ultimate licensor, one; (a) the total of all amounts, each of which is the portion of the amount referred to in paragraph (3.9)(a) that is demonstrated, to the satisfaction of the Minister, to be reasonably allocable to each ultimate licensor, and (b) if an amount is not demonstrated, to the satisfaction of the Minister, to be reasonably allocable to each particular ultimate licensor, the number of ultimate licensors; (a) if an amount is not demonstrated, to the satisfaction of the Minister, to be reasonably allocable to each particular ultimate licensor, the highest rate of tax that would be imposed under this Part on the particular amount referred to in paragraph (3.9)(a) if the particular amount were paid by the taxpayer to any of the ultimate licensors at that time, and (b) in any other case, the rate of tax that would be imposed under this Part on the particular amount referred to in paragraph (3.9)(a) if the particular amount were paid by the taxpayer to the particular ultimate licensor at that time; and is the rate of tax imposed under this Part at that time on the immediate licensor in respect of the particular amount, referred to in paragraph (3.9)(a), paid or credited to the immediate licensor.
Pour l’application des paragraphes (9) à (12), un bien donné constitue une participation de référence relativement à une personne ou à une société de personnes (appelées « entité de référence » au présent paragraphe) si les faits ci-après s’avèrent : a) il est raisonnable de considérer que tout ou partie de la juste valeur marchande du bien donné — ou de tout paiement ou droit de recevoir une somme relativement au bien donné — est déterminé, directement ou indirectement, par renvoi à un ou plusieurs des critères ci-après relativement à des biens et activités de l’entité de référence (appelés « biens et activités de référence » au présent paragraphe et aux paragraphes (9) à (11)) : (i) la juste valeur marchande de biens de l’entité de référence, (ii) les recettes, le revenu ou les rentrées provenant de biens ou d’activités de l’entité de référence, (iii) les bénéfices ou les gains provenant de la disposition de biens de l’entité de référence, (iv) tout autre critère semblable relativement à des biens ou activités de l’entité de référence; b) les biens et activités de référence relativement au bien donné représentent moins que la totalité des biens et des activités de l’entité de référence. Participations de référence — définition de entreprise de placement
Back-to-back arrangement — character substitution (a) shares of the capital stock of a particular relevant licensor, in respect of a particular relevant royalty arrangement, if — at any time at or after the time when a particular lease, license or similar agreement referred to in paragraph (3.9)(a) was entered into — the particular relevant licensor has an obligation to pay or credit an amount as, on account or in lieu of payment of, or in satisfaction of, a dividend on the shares, either immediately or in the future and either absolutely or contingently, to a person or partnership, and (i) either of the following conditions is met: (A) the amount of the dividend is determined, in whole or in part, by reference to (I) an amount of rent, royalty or similar payment paid or credited, or an obligation to pay or credit rent, royalty or similar payment, under a relevant royalty arrangement, or (II) one or more of the fair market value of, any revenue profits, income or cash flow from, or any other similar criteria in respect of a particular property, if a right in respect of the property is granted under the particular lease, licence or similar agreement, or (B) it can reasonably be concluded that the particular relevant royalty arrangement was entered into or was permitted to remain in effect, because (I) the shares were issued or were permitted to remain issued and outstanding, or (II) it was anticipated that the shares would be issued or would be permitted to remain issued and outstanding, and (ii) either the person or partnership (A) does not deal at arm’s length with the taxpayer referred to in paragraph (3.9)(a), or (B) deals at arm’s length with that taxpayer, if it can reasonably be concluded that one of the main purposes of the issuance of the shares was
Pour l’application de la définition de entreprise de placement au paragraphe (1), si, à un moment donné d’une année d’imposition d’une société étrangère affiliée d’un contribuable, une personne ou société de personnes détient une participation de référence relativement à la société affiliée ou à une société de personnes dont la société affiliée est un associé, les biens et activités de référence relatifs à la participation de référence sont réputés, Income Tax PART I Income Tax DIVISION B Computation of Income
(I) to reduce or avoid the tax payable under this Part in respect of the particular amount referred to in paragraph (3.9)(a), or (II) to avoid the application of subsection (3.91); and (b) an amount outstanding as or on account of a debt or other obligation to pay an amount, if — at any time at or after the time when a particular lease, license or similar agreement referred to in paragraph (3.9)(a) was entered into — a particular relevant licensor, in respect of a particular relevant royalty arrangement, has an obligation to pay or credit an amount as, on account or in lieu of payment of, or in satisfaction of, interest under the debt or other obligation, either immediately or in the future and either absolutely or contingently, to a person or partnership, and (i) either of the following conditions is met: (A) the amount of the interest is determined, in whole or in part, by reference to (I) an amount of rent, royalty or similar payment paid or credited, or an obligation to pay or credit rent, royalty or similar payment, under a relevant royalty arrangement, or (II) one or more of the fair market value of, any revenue profits, income or cash flow from, or any other similar criteria in respect of a particular property, if a right in respect of the property is granted under the particular lease, licence or similar agreement, or (B) it can reasonably be concluded that the particular relevant royalty arrangement was entered into or was permitted to remain in effect, because (I) the debt or other obligation was entered into or was permitted to remain in effect, or (II) it was anticipated that the debt or other obligation would be entered into or remain in effect, and (ii) either the person or partnership (A) does not deal at arm’s length with the taxpayer referred to in paragraph (3.9)(a), or (B) deals at arm’s length with that taxpayer, if it can reasonably be concluded that one of the main purposes of entering into the debt or other obligation was
Conditions for subsection (11) Tracking class — separate corporation Impôt sur le revenu
(I) to reduce or avoid the tax payable under this Part in respect of the particular amount referred to in paragraph (3.9)(a), or Back-to-back arrangement — character substitution (3.93) If this subsection applies in respect of a debt or other obligation to pay an amount (under which a particular relevant licensor is a borrower) or shares of the capital stock of a particular relevant licensor, then, for the purposes of subsections (3.9) to (3.94), (a) the debt or other obligation or the holding of the shares, as the case may be, is deemed to be a relevant royalty arrangement; (b) the creditor or shareholder, as the case may be, in respect of the relevant royalty arrangement, is deemed to be a relevant licensor, in respect of the relevant royalty arrangement; and (c) the relevant royalty arrangement is deemed to be a specified royalty arrangement in respect of which the conditions in paragraph (3.9)(b) are met. Back-to-back arrangement — definitions (3.94) The following definitions apply in this subsection and subsections (3.9) to (3.93). lease, licence or similar agreement means an agreement under which a rent, royalty or similar payment is or could be made. (convention de bail, licence ou autre convention semblable) relevant licensor, in respect of a relevant royalty arrangement, means (a) if the relevant royalty arrangement is described in paragraph (a) of the definition relevant royalty arrangement, the immediate licensor referred to in paragraph (3.9)(a); (b) if the relevant royalty arrangement is described in paragraph (b) of the definition relevant royalty arrangement, a person or partnership that is the lessor, the licensor or the grantor of a right similar to a right granted under a lease or licence, the assignor or the seller, as the case may be; or relevant royalty arrangement means (a) the particular lease, licence or similar agreement referred to in paragraph (3.9)(a); and (i) meets, in respect of a relevant royalty arrangement, the conditions in clause (3.9)(b)(i)(A) or (B), and (ii) is an arrangement in respect of which the person or partnership referred to in subparagraph (3.9)(b)(ii) meets the conditions in clause (3.9)(b)(ii)(A) or (B). (mécanisme de redevance considéré) rent, royalty or similar payment means a rent, royalty or similar payment described in paragraph (1)(d) and, for greater certainty, includes any payment described in subparagraphs (1)(d)(i) to (v) but does not include any payment described in subparagraphs (1)(d)(vi) to (xii). (loyer, redevance ou paiement semblable) ultimate licensor means a relevant licensor (other than the immediate licensor), in respect of a relevant royalty arrangement, that is not, under a relevant royalty arrangement, (a) a lessee, a licensee or a grantee of a right similar to a right granted under a lease or licence; Interpretation of management or administration fee or charge
For the purpose of paragraph 212(1)(a), management or administration fee or charge does not include any amount paid or credited or deemed by Part I to have been paid or credited to a non-resident person as, on account or in lieu of payment of, or in satisfaction of, (a) a service performed by the non-resident person if, at the time the non-resident person performed the service (i) the service was performed in the ordinary course of a business carried on by the non-resident person that included the performance of such a service for a fee, and (ii) the non-resident person and the payer were dealing with each other at arm’s length, or (b) a specific expense incurred by the non-resident person for the performance of a service that was for the benefit of the payer, to the extent that the amount so paid or credited was reasonable in the circumstances. Motion picture films
Every non-resident person shall pay an income tax of 25% on every amount that a person resident in Canada pays or credits, or is deemed by Part I to pay or credit, to the non-resident person as, on account or in lieu of payment of, or in satisfaction of, payment for a right in or to the use of (b) a film, video tape or other means of reproduction for use in connection with television (other than solely in connection with and as part of a news program produced in Canada), that has been, or is to be, used or reproduced in Canada to the extent that the amount relates to that use or reproduction. Acting services (5.1) Notwithstanding any regulation made under paragraph 214(13)(c), every person who is either a non-resident individual who is an actor or that is a corporation related to such an individual shall pay an income tax of 23% on every amount paid or credited, or provided as a
benefit, to or on behalf of the person for the provision in Canada of the acting services of the actor in a film or video production. Relief from double taxation (5.2) Where a corporation is liable to tax under subsection (5.1) in respect of an amount for acting services of an actor (in this subsection referred to as the “corporation payment”) and the corporation pays, credits or provides as a benefit to the actor an amount for those acting services (in this subsection referred to as the “actor payment”), no tax is payable under subsection (5.1) with respect to the actor payment except to the extent that it exceeds the corporation payment. Reduction of withholding (5.3) If the Minister is satisfied that the deduction or withholding otherwise required by section 215 from an amount described in subsection (5.1), would cause undue hardship, the Minister may determine a lesser amount to be deducted or withheld and that lesser amount is deemed to be the amount so required to be deducted or withheld. Interest on provincial bonds from wholly-owned subsidiaries
a) d’une part, être une entreprise distincte exploitée par la société affiliée tout au long de l’année; b) d’autre part, ne faire partie d’aucune autre entreprise de la société affiliée. Conditions pour l’application du paragraphe (11)
Where an amount described by subsection 212(1) relates to interest on bonds or other obligations of or guaranteed by Her Majesty in right of a province or interest on bonds or other obligations provision for the payment of which was made by a statute of a provincial legislature, the tax payable under subsection 212(1) is 5% of that amount.
Le paragraphe (11) s’applique relativement à une société étrangère affiliée d’un contribuable pour une année d’imposition de celle-ci, si, à un moment de l’année, les faits ci-après s’avèrent : a) le contribuable détient un bien qui est une participation de référence relativement à la société affiliée; b) le contribuable ou une société étrangère affiliée du contribuable détient des actions d’une catégorie du capital-actions de la société affiliée dont la juste valeur marchande peut raisonnablement être considérée comme étant déterminée par rapport aux biens et activités de référence relatifs à la participation de référence (appelée « catégorie de référence » au paragraphe (11)). Catégorie de référence — société distincte
Subsection 212(6) does not apply to interest on any bond or other obligation described therein that was issued after December 20, 1960, except any such bond or other obligation for the issue of which arrangements were made on or before that day with a dealer in securities, if the existence of the arrangements for the issue of the bond or other obligation can be established by evidence in writing given or made on or before that day. Bonds issued after December 20, 1960 in exchange for earlier bonds
Si le présent paragraphe s’applique relativement à une société étrangère affiliée (appelée « société affiliée réelle » au présent paragraphe) d’un contribuable pour une année d’imposition de celle-ci, les règles ci-après s’appliquent pour ce qui est du calcul des montants éventuels à inclure en vertu du paragraphe 91(1), et à déduire en vertu du paragraphe 91(4), par le contribuable relativement à l’année ainsi que pour l’application de l’article 233.4 relativement à l’année : a) les biens et activités de référence de la société affiliée réelle sont réputés être des biens et activités d’une société non-résidente (appelée « société distincte » au présent paragraphe) qui est distincte de la société affiliée réelle et non pas des biens et activités de la société affiliée réelle; b) le revenu, les pertes ou les gains pour l’année relativement aux biens et activités visés à l’alinéa a) sont réputés être du revenu, des pertes ou des gains de la société distincte et non ceux de la société affiliée réelle; c) les droits et obligations de la société affiliée réelle relativement aux biens et activités visés à l’alinéa a) sont réputés être des droits et obligations de la société distincte et non ceux de la société affiliée réelle; Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this Part, where any bond, except a bond to which clause 212(1)(b)(ii)(C) applies, was issued after December 20, 1960 in exchange for a bond issued on or before that day, it shall, if the terms on which
(a) the taxpayer; or Impôt sur le revenu
the bond for which it was exchanged was issued conferred on the holder thereof the right to make the exchange, be deemed to have been issued on or before December 20, 1960. (a) a dividend or interest is received by a trust from a non-resident-owned investment corporation, (b) an amount (in this subsection referred to as the “royalty payment”) is received by a trust as, on account of, in lieu of payment of or in satisfaction of, a royalty on or in respect of a copyright in respect of the production or reproduction of any literary, dramatic, musical or artistic work, (c) interest is received by a mutual fund trust maintained primarily for the benefit of non-resident persons, or (d) a dividend or interest is received by a trust that is created under a reinsurance trust agreement (i) to which a regulatory authority — being the Superintendent of Financial Institutions or a provincial regulatory authority having powers similar to those of the Superintendent — is a party, and (ii) that accords with guidelines issued by the regulatory authority relating to reinsurance arrangements with unregistered insurers and a particular amount is paid or credited to a non-resident person as income of or from the trust and can reasonably be regarded as having been derived from the dividend, interest or royalty payment, as the case may be, no tax is payable because of paragraph 212(1)(c) as a consequence of the payment or crediting of the particular amount if no tax would have been payable under this Part in respect of the dividend, interest or royalty payment, as the case may be, if it had been paid directly to the non-resident person instead of to the trust. Trust beneficiaries residing outside of Canada
Where all the beneficiaries of a trust established before 1949 reside, during a taxation year, in one country other than Canada and all amounts included in computing the income of the trust for the taxation year were received
payable under paragraph 212(1)(c) on an amount paid or credited in the taxation year to a beneficiary as income of or from the trust. Payment to beneficiary as income of trust
An amount paid or credited by a trust or an estate to a beneficiary or other person beneficially interested therein shall be deemed, for the purpose of paragraph 212(1)(c) and without limiting the generality thereof, to have been paid or credited as income of the trust or estate, regardless of the source from which the trust or estate derived it. Deemed payments to spouse, etc.
d) la société distincte est réputée, à la fin de l’année, avoir 100 actions émises et en circulation d’une seule catégorie (appelée « seule catégorie » au présent paragraphe) de son capital-actions, comportant plein droit de vote en toutes circonstances; e) chacun des actionnaires de la société affiliée réelle est réputé détenir à la fin de l’année un nombre d’actions de la seule catégorie, lequel correspond au produit de 100 et de ce qui représenterait le pourcentage de participation total (au sens du paragraphe 91(1.3)) de cet actionnaire relativement à la société affiliée réelle pour l’année si, à la fois : (i) la société affiliée réelle était une société étrangère affiliée contrôlée de cet actionnaire à la fin de l’année, (ii) les seules actions du capital-actions de la société affiliée réelle émises et en circulation à la fin de l’année étaient des actions des catégories de référence relativement aux biens et activités visés, (iii) les seuls revenus, pertes et gains de la société affiliée réelle pour l’année étaient ceux visés à l’alinéa b); f) tout montant inclus en vertu du paragraphe 91(1), ou déduit en vertu du paragraphe 91(4), par le contribuable relativement aux actions de la société distincte est réputé être un montant ainsi inclus ou ainsi déduit, selon le cas, par le contribuable relativement aux actions des catégories de référence détenues par le contribuable ou par une société étrangère affiliée du contribuable, selon le cas. Participations de référence — société étrangère affiliée contrôlée
Where by reason of subsection 56(4) or 56(4.1) or any of sections 74.1 to 75 of this Act or section 74 of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, there is included in computing a taxpayer’s income under Part I for a taxation year an amount paid or credited to a non-resident person in the year, no tax is payable under this section on that amount. Rent and other payments (a) rent for the use in Canada of property (other than property that is rolling stock as defined in section 2 of the Railway Act), (c) a payment of a superannuation or pension benefit under a registered pension plan or of a distribution to one or more persons out of or under a retirement compensation arrangement, (d) a payment of a retiring allowance or a death benefit to the extent that the payment is deductible in computing the payer’s taxable income earned in Canada, (f) interest on any mortgage, hypothecary claim or other indebtedness entered into or issued or modified after March 31, 1977 and secured by real property situated in Canada or an interest therein, or by immovables situated in Canada or real rights therein, to the extent that the amount so paid or credited is deductible in computing the non-resident person's taxable income earned in Canada or the amount on which the non-resident person is liable to pay tax under Part I, or (g) an amount to which paragraph (1)(i) would apply if the amount paid or credited were paid or credited by a person resident in Canada, and that amount affects, or is intended to affect, in any way whatever, (i) the acquisition or provision of property or services in Canada, (ii) the acquisition or provision of property or services outside Canada by a person resident in Canada, or (iii) the acquisition or provision outside Canada of a taxable Canadian property, the non-resident person shall be deemed in respect of that payment to be a person resident in Canada. Application of Part XIII tax where payer or payee is a partnership (13.1) For the purposes of this Part, other than section 216, (a) where a partnership pays or credits an amount to a non-resident person, the partnership shall, in respect of the portion of that amount that is deductible, or that would but for section 21 be deductible in computing the amount of the income or loss, as the case may be, referred to in paragraph 96(1)(f) or 96(1)(g) if the references therein to “a particular place” and “that particular place” were read as references to “Canada”, be deemed to be a person resident in Canada; (a.1) where a partnership pays, credits or provides to a non-resident person an amount described in subsection (5.1), the partnership is deemed in respect of the amount to be a person; and (b) where a person resident in Canada pays or credits an amount to a partnership (other than a Canadian partnership within the meaning assigned by section 102), the partnership shall be deemed, in respect of that payment, to be a non-resident person. Application of Part XIII tax — payer subject to Part I (13.2) For the purposes of this Part, if a particular non-resident person pays or credits an amount (other than an amount to which subsection (13) applies) to another non-resident person or to a partnership (other than a Canadian partnership), the particular non-resident person is deemed to be a person resident in Canada in respect of the portion of the amount that is deductible in computing (a) the particular non-resident person's taxable income earned in Canada from a source that is neither a treaty-protected business nor a treaty-protected property; or (b) the amount on which the particular non-resident person is liable to pay tax under Part I because of section 216. Application of Part XIII to authorized foreign bank (13.3) An authorized foreign bank is deemed to be a person resident in Canada for the purposes of (a) this Part, in respect of any amount paid or credited to or by the bank in respect of its Canadian banking business; and (b) the application in paragraph (13.1)(b) and subsection (13.2) of the definition Canadian partnership (as defined in subsection 248(1)), in respect of a membership interest in a partnership held by the bank in the course of its Canadian banking business.
Lorsque le paragraphe (11) ne s’applique pas relativement à une société étrangère affiliée du contribuable pour une année d’imposition de la société affiliée, la société affiliée est réputée être une société étrangère affiliée contrôlée du contribuable tout au long de l’année si, à un moment de l’année, une participation de référence relativement à la société affiliée, ou une participation dans une société de personnes dont la société affiliée est un associé, est détenue par l’une des personnes suivantes : a) le contribuable; b) la personne ou la société de personnes (chacune étant appelée « détentrice » au présent alinéa), à l’égard de laquelle l’un des énoncés ci-après se vérifie : (i) la détentrice n’a pas de lien de dépendance avec le contribuable à ce moment, Income Tax PART I Income Tax DIVISION B Computation of Income Sections 95-96 [NOTE: Application provisions are not included in the consolidated text; see relevant amendment Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 95; 1994, c. 7, Sch. II, item 71, c. 43, s. 45; 1996, c. 21, s. 52, c. 42, s. 68; 1998, c. 19, s. 132, c. 36, s. 190; 1999, c. 22, s. 25; 2001, c. 17, s. 78; 2007, c. 35, s. 26; 2009, c. 2, s. 26; 2013, c. 34, ss. 103, 104, 121, 227; 2014, c. 39, s. 258; 2016, c. 12, s. 12; 2022, c. 12, s. 33; 2023, c. 33, s. 30; 2024, c. 21, s. 7; 2025, c. 26, s. 20; 2024, c. 15, s. 24; 2024, c. 17, s. 21. SUBDIVISION J Impôt sur le revenu
For the purposes of subparagraph (1)(b)(ii), after November 18, 1974 interest on a bond, debenture, note, mortgage, hypothecary claim or similar obligation that is insured by the Canada Deposit Insurance Corporation is deemed not to be interest with respect to an obligation guaranteed by the Government of Canada. Payments for temporary use of rolling stock
Clause 212(1)(d)(vii)(A) does not apply to a payment in a year for the temporary use of railway rolling stock by a railway company to a person resident in a country other than Canada unless that country grants substantially similar relief for the year to the company in respect of payments received by it for the temporary use by a person resident in that country of railway rolling stock.
This section is not applicable to payments out of or under an employee benefit plan or employee trust. Payments to the International Olympic Committee and the International Paralympic Committee (a) the International Olympic Committee is not taxable under this Part on any amount paid or credited to it, after 2005 and before 2011, in respect of the 2010 Olympic Winter Games, and (b) the International Paralympic Committee is not taxable under this Part on any amount paid or credited to it, after 2005 and before 2011, in respect of the 2010 Paralympic Winter Games.
Every person who in a taxation year is a prescribed financial institution or a person resident in Canada who is a registered securities dealer shall on demand from the Minister, served personally or by registered letter, file within such reasonable time as may be stipulated in the demand, an undertaking in prescribed form relating to the avoidance of payment of tax under this Part. Tax on registered securities dealers
(ii) la détentrice a un lien de dépendance avec le contribuable à ce moment, (iii) lorsque soit le contribuable, soit la détentrice, est une société de personnes et que l’autre partie ne l’est pas, un associé de la société de personnes a un lien de dépendance, à ce moment, avec l’autre partie, (iii) lorsque le contribuable et la détentrice sont des sociétés de personnes, le contribuable ou un associé du contribuable a un lien de dépendance, à ce moment, avec la détentrice ou avec un associé de celle-ci. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois modificatives appropriées.] L.R. (1985), ch. 1 (5e suppl.), art. 95; 1994, ch. 7, ann. II, n° 71, ch. 43, art. 45; 1996, ch. 21, art. 52, ch. 42, art. 68; 1998, ch. 19, art. 132, ch. 36, art. 190; 1999, ch. 22, art. 25; 2001, ch. 17, art. 78; 2007, ch. 35, art. 26; 2009, ch. 2, art. 26; 2013, ch. 34, art. 103, 104, 121, 227; 2014, ch. 39, art. 258; 2016, ch. 12, art. 12; 2022, ch. 12, art. 33; 2023, ch. 33, art. 30; 2024, ch. 21, art. 7; 2025, ch. 26, art. 20; 2024, ch. 15, art. 24; 2024, ch. 17, art. 21.
Every taxpayer who is a registered securities dealer resident in Canada shall pay a tax under this Part equal to the amount determined by the formula A is the total of all amounts each of which is the amount of money provided before the end of a day to the taxpayer (and not returned or repaid before the end of the day) by or on behalf of a non-resident person as collateral or as consideration for a security that was lent or transferred under a designated securities lending arrangement, B is the total of (a) all amounts each of which is the amount of money provided before the end of the day by or on behalf of the taxpayer (and not returned or repaid before the end of the day) to a non-resident person as collateral or as consideration for a security that is described in paragraph (a) of the definition fully exempt interest in subsection (3), or that is an obligation of the government of any country, province, state, municipality or other political subdivision, and that was lent or transferred under a securities lending arrangement, and (i) 10 times the greatest amount determined, under the laws of the province or provinces in which the taxpayer is a registered securities dealer, to be the capital employed by the taxpayer at the end of the day, and (ii) 20 times the greatest amount of capital required, under the laws of the province or provinces in which the taxpayer is a registered securities dealer, to be maintained by the taxpayer as a margin in respect of securities described in paragraph (a) of the definition fully exempt interest in subsection (3), or that is an obligation of the government of any country, province, state, municipality or other political subdivision, at the end of the day, and C is the prescribed rate of interest in effect for the day, and shall remit that amount to the Receiver General on or before the 15th day of the month after the month in which the day occurs. Designated SLA
Les sociétés de personnes et leurs associés Règles générales 96 (1) Lorsqu’un contribuable est un associé d’une société de personnes, son revenu, le montant de sa perte autre qu’une perte en capital, de sa perte en capital nette, de sa perte agricole restreinte et de sa perte agricole, pour une année d’imposition, ou son revenu imposable gagné au Canada pour une année d’imposition, selon le cas, est calculé comme si a) la société de personnes était une personne distincte résidant au Canada; b) l’année d’imposition de la société de personnes correspondait à son exercice; c) chaque activité de la société de personnes (y compris une activité relative à la propriété de biens) était exercée par celle-ci comme une personne distincte, et comme si était établi le montant : (i) de chaque gain en capital imposable et chaque perte en capital déductible de la société de personnes, découlant de la disposition de biens, (ii) de chaque revenu et perte de la société de personnes afférents à chacune des autres sources ou à des sources situées dans un lieu particulier, pour chaque année d’imposition de la société de personnes; exceeds (ii) the total of all amounts determined under paragraphs 37(1)(d) to 37(1)(g) in respect of the partnership at the end of the year exceeds (iii) in any other case, nil d) chaque revenu ou perte de la société de personnes pour une année d’imposition était calculé comme si : (i) d’une part, il n’était pas tenu compte des articles 34.1 et 34.2, du paragraphe 59(1), de l’alinéa 59(3.2)c.1) ni des paragraphes 66.1(1), 66.2(1) et 66.4(1), (ii) d’autre part, aucune déduction n’était permise par le paragraphe 65(1) et les articles 66, 66.1, 66.2, 66.21 et 66.4 ni par l’article 29 des Règles concernant l’application de l’impôt sur le revenu; e) chaque gain de la société de personnes résultant de la disposition de terre utilisée dans une entreprise agricole de la société de personnes était calculé comme si la Loi était lue sans tenir compte de l’alinéa 53(1)i)); e.1) était déduit, en application du paragraphe 37(1), par la société de personnes dans le calcul de son revenu pour l’année l’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le total des montants déterminés aux alinéas 37(1)a) à c.1) à la société de personnes à la fin de l’année; (ii) le total des montants déterminés aux alinéas 37(1)d) à g) quant à la société de personnes à la fin de l’année; f) le montant du revenu de la société de personnes, pour une année d’imposition, tiré d’une source quelconque ou de sources situées dans un endroit donné, constituait le revenu du contribuable tiré de cette source ou de sources situées dans cet endroit donné, selon le cas, pour l’année d’imposition du contribuable au cours de laquelle l’année d’imposition de la société de personnes se termine, jusqu’à concurrence de la part du contribuable; g) la perte du contribuable — à concurrence de la part dont il est tenu — résultant d’une source ou de sources situées dans un endroit donné, pour l’année d’imposition du contribuable au cours de laquelle l’année d’imposition de la société de personnes se termine, équivalait à l’excédent éventuel : (i) de la perte de la société de personnes, pour une année d’imposition, résultant de cette source ou de ces sources, sur : (ii) dans le cas d’un associé déterminé (au sens de la définition d’associé déterminé figurant au paragraphe 248(1), mais compte non tenu de l’alinéa b) Disposal of right to share in income, etc. Income Tax PART I Income Tax DIVISION B Computation of Income
For the purpose of subsection (19), a designated securities lending arrangement is a securities lending arrangement (a) under which (i) the lender is a prescribed financial institution or a registered securities dealer resident in Canada, (ii) the particular security lent or transferred is an obligation described in paragraph (a) of the definition fully exempt interest in subsection (3) or an obligation of the government of any country, province, state, municipality or other political subdivision, (iii) the amount of money provided to the lender at any time during the term of the arrangement either as collateral or as consideration for the particular security does not exceed 110% of the fair market value at that time of the particular security; and
Deductions Impôt sur le revenu
(b) that was neither intended, nor made as a part of a series of securities lending arrangements, loans or other transactions that was intended, to be in effect for more than 270 days. Interest coupon stripping arrangement — conditions
Subsection (22) applies at any time in respect of a taxpayer if (a) the taxpayer pays or credits a particular amount at that time as, on account or in lieu of payment of, or in satisfaction of, interest to a person or partnership (in this subsection and subsection (22) referred to as the “interest coupon holder”) in respect of a debt or other obligation, owed to another person or partnership (in this subsection and subsection (22) referred to as the “non-arm’s length creditor”) that is (i) a non-resident person with whom the taxpayer is not dealing at arm’s length, or (ii) a partnership other than a Canadian partnership; and (b) the tax that would be payable under this Part in respect of the particular amount, if the particular amount were paid or credited to the non-arm’s length creditor rather than the interest coupon holder, is greater than the tax payable under this Part (determined without reference to subsection (22)) in respect of the particular amount. Interest coupon stripping arrangement — application
If this subsection applies at any time in respect of a taxpayer, then for the purpose of paragraph (1)(b), the taxpayer is deemed, at that time, to pay interest to the non-arm’s length creditor, the amount of which is determined by the formula A is the particular amount referred to in paragraph (21)(a); B is the rate of tax that would be imposed under this Part in respect of the particular amount if the particular amount were paid by the taxpayer to the non-arm’s length creditor rather than the interest coupon holder at that time; and C is the rate of tax imposed under this Part in respect of the particular amount paid or credited to the interest coupon holder at that time.
For the purposes of subsection (21), specified publicly offered debt obligation means a debt or other obligation that meets the following conditions: (a) it was issued by the taxpayer as part of an offering that is lawfully distributed to the public in accordance with a prospectus, registration statement or similar document filed with and, where required by law, accepted for filing by a public authority; and (b) it can reasonably be considered that one of the main purposes of a transaction or event, or series of transactions or events, as a part of which the taxpayer pays or credits an amount as, on account of, in lieu of payment of, or in satisfaction of, interest to a person or partnership in respect of the debt or other obligation is to avoid or reduce tax that would otherwise be payable under this Part by a non-resident person or partnership to whom the debt or other obligation is owed. Non-arm’s length sales of shares by non-residents
b) il demeure entendu que le coût pour le contribuable de chaque bien reçu en contrepartie de la disposition équivaut à la juste valeur marchande du bien au moment de la disposition. Déductions (1.3) Lorsqu’un montant a été inclus en vertu du paragraphe (1.1) ou (1.2) dans le calcul du revenu d’un contribuable pour une année d’imposition, le contribuable peut déduire du calcul de son revenu pour l’année le moins élevé des montants suivants : a) le montant ainsi inclus dans le calcul de son revenu pour l’année; b) l’excédent éventuel du coût, pour le contribuable, du droit à une part du revenu ou de la perte de la société de personnes, aux termes d’une convention mentionnée au paragraphe (1.1), sur le total des montants relatifs à ce droit qui étaient déductibles en vertu du présent paragraphe dans le calcul du revenu du contribuable pour les années d’imposition précédentes. Ce droit n’est pas réputé être une immobilisation (1.4) Pour l’application de la présente loi, le droit à une part du revenu ou de la perte d’une société de personnes, aux termes d’une convention mentionnée au paragraphe (1.1), est réputé ne pas être une immobilisation. Disposition à la suite du décès du contribuable (1.5) Lorsque, au moment de son décès, un contribuable a droit à une part du revenu ou de la perte d’une société de personnes, aux termes d’une convention mentionnée au paragraphe (1.1), les paragraphes 70(2) à (4) s’appliquent. Associés d’une société de personnes réputés exploiter une entreprise au Canada (1.6) Si une société de personnes exploite une entreprise au Canada à un moment donné, chaque contribuable qui est réputé, en vertu de l’alinéa (1.1)a), être un associé de la société est réputé exploiter l’entreprise au Canada à ce moment pour l’application du paragraphe 2(3), des articles 34.1 et 150 et, sous réserve du paragraphe 34.2(18), de l’article 34.2. Gains et pertes (1.7) Malgré le paragraphe (1) et l’article 38, si un contribuable est, au cours de son année d’imposition, un associé d’une société de personnes dont l’exercice se termine dans cette année, le montant qui représente son gain en capital imposable, sa perte en capital déductible ou sa perte déductible au titre d’un placement d’entreprise pour l’année, déterminé relativement à la société de Income Tax PART I Income Tax DIVISION B Computation of Income
A × B/C where Application Loan of property Construction Impôt sur le revenu
subsection 186(4) if the references in that subsection to “payer corporation” and “particular corporation” were read as “subject corporation” and “purchaser corporation”, respectively, and if section 186 were read without reference to its subsection (6)) with the purchaser corporation. Non-arm’s length sales of shares by non-residents (a) the amount, if any, by which the fair market value of any consideration (other than any share of the capital stock of the purchaser corporation) received by the non-resident person referred to in subsection (1) from the purchaser corporation for the subject shares exceeds the paid-up capital in respect of the subject shares immediately before the disposition shall, for the purposes of this Act, be deemed to be a dividend (i) in the case that, immediately before the disposition, the purchaser corporation controlled the non-resident person, (A) paid at the time of the disposition by the subject corporation to the non-resident person, and (B) received at that time by the non-resident person from the subject corporation, and (ii) in any other case, (A) paid at the time of the disposition by the purchaser corporation to the non-resident person, and (B) received at that time by the non-resident person from the purchaser corporation; and (b) in computing the paid-up capital at any particular time after March 31, 1977 of any particular class of shares of the capital stock of the purchaser corporation, there shall be deducted that proportion of the amount, if any, by which the increase, if any, by virtue of the disposition, in the paid-up capital, computed without reference to this section as it applies to the disposition, in respect of all of the shares of the capital stock of the purchaser corporation exceeds the amount, if any, by which (i) the paid-up capital in respect of the subject shares immediately before the disposition (ii) the fair market value of the consideration described in paragraph (a), that the increase, if any, by virtue of the disposition, in the paid-up capital, computed without reference to this section as it applies to the disposition, in respect of the particular class of shares is of the increase, if any, by virtue of the disposition, in the paid-up capital, computed without reference to this section as it applies to the disposition, in respect of all of the issued shares of the capital stock of the purchaser corporation. Deemed consideration (1.2) For the purposes of subsections (1) and (1.1), if, in the absence of this subsection, no consideration would be received by the non-resident person referred to in subsection (1) from the purchaser corporation for the subject shares, the non-resident person is deemed to receive consideration other than shares of the capital stock of the purchaser corporation from the purchaser corporation for the subject shares, the fair market value of which is equal to the amount, if any, by which the fair market value of the subject shares disposed of by the non-resident person exceeds the amount of any increase because of the disposition in the fair market value of the shares of the capital stock of the purchaser corporation.
In computing the paid-up capital at any particular time after March 31, 1977 of any particular class of shares of the capital stock of a corporation, there shall be added an amount equal to the lesser of (a) the amount, if any, by which (i) the total of all amounts each of which is an amount deemed by subsection 84(3), 84(4) or 84(4.1) to be a dividend on shares of the particular class paid after March 31, 1977 and before the particular time by the corporation and received by a non-resident-owned investment corporation or by a person who is not a corporation resident in Canada (ii) the total that would be determined under subparagraph (i) if this Act were read without reference to paragraph (1.1)(b), and (b) the total of all amounts each of which is an amount required by paragraph (1.1)(b) to be deducted in computing the paid-up capital in respect of the particular class of shares after March 31, 1977 and before the particular time.
For the purposes of this section, (a) a non-resident person shall, for greater certainty, be deemed not to deal at arm’s length with a purchaser corporation at the time of a disposition described in subsection (1) if the non-resident person was, (i) immediately before the disposition, one of a group of less than 6 persons that controlled the subject corporation, and (ii) immediately after the disposition, one of a group of less than 6 persons that controlled the purchaser corporation, each member of which was a member of the group referred to in subparagraph (i); (b) for the purposes of determining whether or not a non-resident person referred to in paragraph (a) was a member of a group of less than six persons that controlled a corporation at any time, any shares of the capital stock of that corporation owned at that time by any of the following persons shall be deemed to be owned at that time by the non-resident person and not by the person who actually owned the shares at that time: (i) the non-resident person’s child (within the meaning assigned by subsection 70(10)), who is under 18 years of age, or the non-resident person’s spouse or common-law partner, (ii) a trust of which the non-resident person, a person described in subparagraph (i) or a corporation described in subparagraph (iii) is a beneficiary, (iii) a corporation controlled by the non-resident person, a person described in subparagraph (i), a trust described in subparagraph (ii) or any combination thereof, and (iv) a partnership of which the non-resident person or a person described in one of subparagraphs (i) to (iii) is a majority-interest partner or a member of a majority-interest group of partners (as defined in subsection 251.1(3)); (c) a trust and a beneficiary of the trust or a person related to a beneficiary of the trust shall be deemed not to deal with each other at arm’s length; (i) a group of persons with respect to a corporation means a group of persons each of whom owns shares of the capital stock of the corporation, (i) a group of persons in respect of a corporation means any 2 or more persons each of whom owns shares of the capital stock of the corporation, (ii) a corporation that is controlled by one or more members of a particular group of persons in respect of that corporation shall be considered to be controlled by that group of persons, and (iii) a corporation may be controlled by a person or a particular group of persons notwithstanding that the corporation is also controlled or deemed to be controlled by another person or group of persons; and (f) in this subsection, a person includes a partnership. Where section does not apply
Notwithstanding subsection (1), subsection (1.1) does not apply in respect of a disposition by a non-resident corporation of shares of a subject corporation to a purchaser corporation if (a) immediately before the disposition, the purchaser corporation controlled the non-resident corporation; and (b) it is not the case that, at the time of the disposition, or as part of a transaction or event or series of transactions or events that includes the disposition, a non-resident person (i) holds, directly or indirectly, shares of the capital stock of the purchaser corporation, and (ii) does not deal at arm’s length with the purchaser corporation. Tiered trusts and partnerships
personnes, correspond au montant obtenu par la formule suivante : A × B/C où : A représente la part du contribuable déterminée par ailleurs en application du présent article sur le gain en capital imposable, la perte en capital déductible et la perte déductible au titre d’un placement d’entreprise, selon le cas, de la société de personnes; B la fraction applicable, figurant aux alinéas 38a), a.1), a.2), b) ou c), pour l’année donnée en ce qui concerne le contribuable; C la fraction utilisée, pour l’application de l’article 38, pour l’exercice de la société de personnes. Application (1.71) Si elle ne peut être déterminée par un contribuable pour l’exercice d’une société de personnes qui s’est terminé avant le 28 février 2000 ou qui comprend le 28 février 2000 ou le 17 octobre 2000, la fraction mentionnée à l’élément C de la formule figurant au paragraphe (1.7) est réputée, pour l’application de ce paragraphe, être la suivante : a) si l’exercice s’est terminé avant le 28 février 2000 ou a commencé avant cette date, 3/4; b) si l’exercice a commencé après le 27 février 2000 et avant le 18 octobre 2000, 2/3; c) dans les autres cas, 1/2. Prêt d’un bien (1.8) Pour l’application du paragraphe 56(4.1) et des articles 74.1 et 74.3, lorsqu’un particulier transfère ou prête un bien, directement ou indirectement, par le biais d’une fiducie ou par tout autre moyen, à une personne et que le bien, ou un bien qui y est substitué, est une participation dans une société de personnes, la part de la personne sur le revenu ou la perte de la société de personnes pour un exercice où elle était un associé déterminé de la société de personnes est réputée être un revenu ou une perte résultant du bien ou du bien qui y est substitué. Interprétation
For the purposes of this section and paragraph (k) of the definition proceeds of disposition in section 54, a person or partnership that is, at any time, a beneficiary under a trust (other than a trust that is the non-resident person referred to in subsection (1)), or a member of a partnership (such trust or partnership referred to in this subsection as the “particular conduit”), that is a beneficiary under a trust or member of a partnership (such trust or partnership referred to in this subsection as the “other conduit”) is deemed (a) to be a beneficiary under or member of, as the case may be, the other conduit; and (b) to hold the interest in the other conduit that is held by the particular conduit in the proportion expressed by the formula A is the portion of the fair market value, at that time, of the person or partnership’s interest in the particular conduit that is attributable to the interest in the other conduit held by the particular conduit, and B is the total fair market value, at that time, of all direct interests (determined without reference to this subsection) in the other conduit. Trusts and partnerships look-through rule
Les dispositions de la présente sous-section doivent s’interpréter comme si chacune des hypothèses formulées aux alinéas (1)a) à g) s’appliquait. Tiered partnerships exceeds (iv) the taxpayer’s share of shall Paliers de sociétés de personnes (2.01) Pour l’application du présent article, est assimilée à un contribuable la société de personnes. Perte comme commanditaire (2.1) Malgré le paragraphe (1), dans le cas où un contribuable est commanditaire d’une société de personnes au cours d’une année d’imposition, l’excédent éventuel : a) du total des montants dont chacun représente la part, dont il est tenu, d’une perte de la société de personnes résultant d’une entreprise – à l’exclusion d’une entreprise agricole – ou d’un bien, calculée conformément au paragraphe (1), pour un exercice de la société de personnes se terminant au cours de l’année, sur : b) l’excédent éventuel : (i) de la fraction à risques de l’intérêt du contribuable dans la société de personnes à la fin de l’exercice, sur le total des montants suivants : (ii) la partie du montant déterminé à l’égard de la société de personnes des paragraphes 127(8), 127.4(11), 127.45(8), 127.48(12) ou 127.49(8) prévoyant d’ajouter dans le calcul du crédit d’impôt à l’investissement, du crédit d’impôt pour le CCUS (au sens du paragraphe 127.44(1)), du crédit d’impôt à l’investissement dans les technologies propres (au sens du paragraphe 127.45(1)), du crédit d’impôt pour l’hydrogène propre (au sens du paragraphe 127.48(1)) ou du crédit d’impôt à l’investissement pour la FTP (au sens du paragraphe 127.49(1)) du contribuable pour l’année, (iii) la part, dont le contribuable est tenu, des pertes de la société de personnes résultant d’une entreprise agricole pour l’exercice, (iv) la part attribuable au contribuable des frais globaux relatifs à des ressources à l’étranger, frais d’exploration au Canada, frais d’aménagement au Canada et frais à l’égard de biens canadiens relatifs au pétrole et au gaz, engagés par la société de personnes au cours de l’exercice, est à la fois : c) non déductible dans le calcul de son revenu pour l’année; (d) not be included in computing the taxpayer's non-capital loss for the year, Tiered partnerships — adjustments At-risk amount (ii) [Repealed, 1996, c. 21, s. 17] (iv) and (v) [Repealed, 1998, c. 19, s. 123] b.1) si ce moment donné est la fin de l’exercice de la société de personnes, le montant visé au sous-alinéa 53(1)e)(viii) à l’égard du contribuable pour cet exercice, sur le total des montants suivants : c) le total des montants représentant chacun un montant dû, au moment donné, à la société de personnes, ou à une personne ou une société de personnes avec laquelle la société de personnes n’a pas de lien de dépendance, par le contribuable ou par une personne ou une société de personnes avec laquelle le contribuable n’a pas de lien de dépendance, à l’exception d’un montant déduit en application du sous-alinéa 53(2)c.1)(i.3) ou de l’article 143.2 dans le calcul du prix de base rajusté du coût, selon le cas, pour le contribuable, de sa participation dans la société de personnes à ce moment; d) le montant ou l’avantage que le contribuable ou une personne avec qui il a un lien de dépendance a le droit, immédiat ou futur et absolu ou conditionnel, de recevoir — sous forme de remboursement, de compensation, de garantie d’assurance, de produit de disposition, de prêt ou autre forme de dette ou sous toute autre forme — et qui est accordé ou sera accordé pour réduire l’effet d’un montant ou d’un avantage, sauf dans le cas où le contribuable est un membre de la société de personnes ou où il a une participation dans la société de personnes ou qu’il en dispose, sauf dans la mesure où le montant ou l’avantage est inclus dans le calcul de la valeur de l’élément J de la formule figurant à la définition de frais cumulatifs d’exploration au Canada au paragraphe 66.1(6), de l’élément M de la formule figurant à la définition de frais cumulatifs d’aménagement au Canada au paragraphe 66.2(5) ou de l’élément I de la formule figurant à la définition de frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe 66.4(5) relativement au contribuable ou sauf si ce droit résulte : (i) d’un contrat d’assurance avec une compagnie d’assurance qui n’a de lien de dépendance avec aucun associé de la société de personnes, et par lequel le contribuable est assuré contre toute réclamation pouvant découler d’un débiteur dans le cours normal des activités de l’entreprise de la société de personnes, (ii) [Abrogé, 1996, ch. 21, art. 17] (iii) du décès du contribuable, (iv) et (v) [Abrogés, 1998, ch. 19, art. 123] Idem (b) the greater of (ii) nil, (v) d’un montant non compris dans la fraction à risques de l’intérêt du contribuable calculée compte non tenu du présent alinéa, (vii) d’une obligation exclue, au sens du paragraphe 6202.1(5) du Règlement de l’impôt sur le revenu, relativement à l’action qu’une société émet en faveur de la société de personnes. Pour l’application du présent paragraphe : e) il est entendu que le montant ou l’avantage auquel le contribuable ou la personne a droit à un moment donné et qui est prévu par une convention ou un autre mécanisme par lesquels le contribuable ou la personne a le droit immédiat ou futur, absolu ou conditionnel — sauf par suite de son décès — d’acquérir un autre bien en échange de tout ou partie de sa participation dans la société de personnes doit être considéré comme étant au moins égal à la juste valeur marchande de l’autre bien à ce moment; f) il est entendu que le montant ou l’avantage auquel le contribuable ou la personne a droit à un moment donné sous forme de garantie, d’indemnité ou d’engagement semblable dans le cadre d’un prêt ou d’une autre obligation du contribuable ou de la personne doit être considéré comme étant au moins égal au total du montant impayé du prêt ou de l’obligation à ce moment et des autres montants non remboursés sur le prêt ou l’obligation à ce moment. Prix de base rajusté de la participation dans la société de personnes (2.3) Pour l’application du paragraphe (2.2), le prix de base rajusté d’une participation dans une société de personnes pour le contribuable qui, à un moment donné, acquiert cette participation auprès d’un autre cédant que la société de personnes est calculé à supposer que le coût de cette participation soit le moindre de : a) de son coût déterminé par ailleurs pour le contribuable; b) du plus élevé de son prix de base rajusté pour le cédant immédiatement avant ce moment et de zéro. Le prix de base rajusté pour le cédant, s’il ne peut être déterminé, est réputé égal au total des montants visés aux alinéas (2.2)c) et d) déterminés pour le contribuable immédiatement après ce moment. Exempt interest Commanditaire (2.4) Pour l’application du présent article et des articles 111, 127, 127.44, 127.45, 127.47, 127.48 et 127.49, le contribuable qui est, à un moment donné, un associé d’une société de personnes est commanditaire de cette société de personnes si sa participation dans celle-ci n’est pas, à ce moment, une participation exonérée au sens du paragraphe (2.5) et si, à ce moment ou dans les trois ans suivants : a) soit sa responsabilité comme associé est limitée par la loi qui régit le contrat de société (sauf s’il s’agit d’une disposition législative fédérale ou provinciale qui limite sa responsabilité en ce qui a trait aux dettes, obligations et engagements de la société de personnes, ou d’un des associés, découlant d’actes ou d’omissions négligents ou de fautes commis par un autre membre de la société de personnes, ou par un employé, mandataire ou représentant de celle-ci, dans le cours des affaires de l’entreprise de la société de personnes alors qu’elle est une société de personnes à responsabilité limitée); b) soit l’associé ou une personne avec laquelle il a un lien de dépendance, a droit, immédiatement ou dans le futur, absolument ou conditionnellement, de recevoir un montant ou d’obtenir un avantage qui serait visé à l’alinéa (2.2)d), compte non tenu des sous-alinéas (ii) et (vi); c) soit il est raisonnable de considérer que l’associé propriétaire de la participation en question existe, entre autres : (i) d’une part, pour limiter la responsabilité d’une personne, liée à cette participation, (ii) d’autre part, non pour permettre à une personne qui a une participation dans l’associé d’exploiter son entreprise – à l’exclusion d’une entreprise de placements – de la manière la plus efficace; d) soit il existe une convention ou un autre mécanisme prévoyant la disposition d’une participation dans la société de personnes et dont il est raisonnable de considérer qu’un des principaux objets consiste à tenter de soustraire l’associé à l’application du présent paragraphe. Participation exonérée (2.5) Pour l’application du paragraphe (2.4), une participation exonérée dans une société de personnes à un moment donné est une participation, visée par règlement, dans une société de personnes ou une participation dans une société de personnes qui, immédiatement avant le 26 Income Tax PART I Income Tax DIVISION B Computation of Income
The following rules apply for the following purposes: (a) for the purposes of this subsection and subsections (1) and (1.1), if at any time an interest (in this paragraph referred to as the “pertinent interest”) in a trust or a partnership (each referred to in this subsection as a “conduit”) is disposed of by a person or partnership with an interest as a beneficiary under the conduit or that is a member of the conduit (each referred to in this subsection as a “holder”), as the case may be, to a purchaser and any portion of the fair market value of the pertinent interest is attributable to shares of the capital stock of a corporation resident in Canada held, directly or indirectly (unless all of the shares are held indirectly through one or more non-resident corporations), by the conduit (in this paragraph referred to as the “shares held by the conduit”), then (i) the holder is deemed, on a class-by-class basis, to have disposed, at that time, of the shares held by the conduit to the purchaser, and the purchaser is deemed to have acquired the shares, in the proportion expressed by the formula A is the portion of the fair market value, at that time, of the pertinent interest that is attributable to the shares held by the conduit, and B is the total fair market value, at that time, of the shares held by the conduit, and (ii) the holder is deemed to have received from the purchaser and the purchaser is deemed to have paid to the holder, as consideration for the shares deemed to have been disposed of in subparagraph (i), consideration (other than any share of the capital stock of the purchaser corporation) in an amount determined by the formula A is the fair market value of the consideration (other than any share of the capital stock of the purchaser corporation) that is received by the holder from the purchaser for the pertinent interest, B is the amount determined for A in subparagraph (i), and C is the total fair market value of the pertinent interest; (b) for the purposes of subsections (1) and (1.1) and paragraph (c), if at any time a conduit (other than a non-resident trust) disposes of shares of the capital stock of a corporation resident in Canada to a purchaser, then (i) each holder of an interest in the conduit is deemed, on a class-by-class basis, to have disposed, at that time, of the shares to the purchaser in the proportion expressed by the formula A is the fair market value, at that time, of the holder’s interest in the conduit, and B is the total fair market value, at that time, of all direct interests (determined without reference to subsection (5)) in the conduit, and (ii) each holder of an interest in the conduit is deemed to have received from the purchaser and the purchaser is deemed to have paid to each such holder, as consideration for the shares deemed to have been disposed of in subparagraph (i), consideration (other than any share of the capital stock of the purchaser corporation) in an amount determined by the formula A is the fair market value of the consideration (other than any share of the capital stock of the purchaser corporation) that is received by the conduit from the purchaser for the shares, B is the amount determined for A in subparagraph (i), and C is the amount determined for B in subparagraph (i); (c) for the purposes of subsections (1) and (1.1), if at any time a conduit acquires shares of the capital stock of a corporation resident in Canada from a vendor, then (i) each holder of an interest in the conduit is deemed to have acquired, at that time, the shares from the vendor, on a class-by-class basis, in the proportion expressed by the formula A is the fair market value, at that time, of the holder’s interest in the conduit, and B is the total fair market value, at that time, of all direct interests (determined without reference to subsection (5)) in the conduit, and (ii) each holder of an interest in the conduit is deemed to have paid to the vendor and the vendor is deemed to have received from each such holder, as consideration for the shares deemed to have been acquired in subparagraph (i), consideration (other than any share of the capital stock of the purchaser corporation) in an amount determined by the formula A is the fair market value of the consideration (other than any share of the capital stock of the purchaser corporation) that is paid by the conduit to the vendor for the shares, B is the amount determined for A in subparagraph (i), and C is the amount determined for B in subparagraph (i); and (d) for the purpose of determining whether the subject corporation is connected with the purchaser corporation for the purposes of subsection (1) at any time, if at that time a conduit owns shares of the capital stock of the subject corporation, each holder of an interest in the conduit is deemed to own, at that time, the shares of each class of the capital stock of the subject corporation that are owned by the conduit the number of which is determined by the formula A is the total number of shares of the class of the capital stock of the subject corporation that are owned by the conduit at that time, B is the fair market value, at that time, of the holder’s interest in the conduit, and C is the total fair market value, at that time, of all direct interests (determined without reference to subsection (5)) in the conduit.
Artificial transactions Impôt sur le revenu
The amounts determined for A and B in paragraph (5)(b), for A and B in subparagraph (6)(c)(i) and for B and C in paragraph (6)(d) are, in respect of an interest as a beneficiary under a trust held by a person or partnership, deemed to be equal to one if (a) the person or partnership’s share of the accumulating income or capital of the trust depends on the exercise by any person or, of the failure by any person to exercise, any discretionary power; and (b) it can reasonably be considered that one of the reasons for the discretionary power is to avoid or limit the application of subsection (1.1). (a) a taxpayer disposes at a particular time of a share of the capital stock of a corporation resident in Canada (or any property more than 10% of the fair market value of which can be attributed to shares of the capital stock of corporations resident in Canada) to (ii) a partnership in which any person resident in Canada has, directly or indirectly, an interest, or (iii) a person or partnership that acquires the share or the property in the course of carrying on a business through a permanent establishment in Canada, as defined in the Income Tax Regulations; (b) subsection 212.1(1.1) does not apply in respect of the disposition; (c) the taxpayer is non-resident at the particular time; (d) it is reasonable to conclude that the disposition is part of an expected series of transactions or events that includes the issue after December 15, 1998 of a particular share of the capital stock of a particular insurance corporation resident in Canada on the demutualization (within the meaning assigned by subsection 139.1(1)) of the particular corporation and (i) after the particular time, the redemption, acquisition or cancellation of the particular share, or a share substituted for the particular share, by the particular corporation or the issuer of the substituted share, as the case may be, (ii) after the particular time, an increase in the level of dividends declared or paid on the particular share or a share substituted for the particular share, or (iii) the acquisition, at or after the particular time, of the particular share or a share substituted for the particular share by (A) a person not dealing at arm’s length with the particular corporation or with the issuer of the substituted share, as the case may be, or (B) a partnership any direct or indirect interest in which is held by a person not dealing at arm’s length with the particular corporation or with the issuer of the substituted share, as the case may be; and (e) at the particular time, the person described in subparagraph (a)(i) or (iii) or any person who has, directly or indirectly, an interest in the partnership described in subparagraph (a)(ii) or (iii) knew, or ought reasonably to have known, of the expected series of transactions or events described in paragraph (d).
For the purposes of this Part, where property is disposed of at any time by a taxpayer to a person or partnership in circumstances in which this section applies, (a) a taxable dividend is deemed to be paid at that time by the person or partnership to the taxpayer and received at the time by the taxpayer; (b) the amount of the dividend is deemed to be equal to the amount determined by the formula A is the portion of the proceeds of disposition of the property that can reasonably be attributed to the fair market value of shares of a class of the capital stock of a corporation resident in Canada, B is the fair market value immediately before that time of shares of that class, and C is the paid-up capital immediately before that time of that class of shares; and (c) in respect of the dividend, the person or partnership is deemed to be a corporation resident in Canada. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2000, c. 19, s. 84; 2016, c. 12, s. 59. Foreign affiliate dumping — conditions for application
(a) the subject corporation is immediately after the investment time, or becomes as part of a transaction or event or series of transactions or events that includes the making of the investment, a foreign affiliate of (ii) a corporation that does not deal at arm’s length with the CRIC (if the condition in this paragraph is satisfied because of this subparagraph and not clause of subparagraph (i), such a corporation is referred to in paragraph (b) as an “other Canadian corporation”); (b) the CRIC or an other Canadian corporation is immediately after the investment time, or becomes after the investment time and as part of a transaction or event or series of transactions or events that includes the making of the investment, controlled by one non-resident person or, if no single non-resident person controls the CRIC, by a group of non-resident persons not dealing with each other at arm’s length (in this section, that one non-resident person, or each member of the group of non-resident persons, as the case may be, is referred to as a “parent”, and the group of non-resident persons, if any, is referred to as the “group of parents”), and any of the following conditions is satisfied: (i) if, at the investment time, a parent owned all shares of the capital stock of the CRIC and the other Canadian corporation, if applicable, that are owned — determined without reference to paragraph (25)(b) in the case of partnerships referred to in this subparagraph and as if all rights referred to in paragraph 251(5)(b), of the parent, each person that does not deal at arm’s length with the parent and all of those partnerships, were immediate and absolute and the parent and each of the other persons and partnerships had exercised those rights at the investment time — by the parent, persons that are not dealing at arm’s length with the parent and partnerships of which the parent or a person that is not dealing at arm’s length with the parent is a member (other than a limited partner within the meaning assigned by subsection 96(2.4)), the parent would own shares of the capital stock of the CRIC or the other Canadian corporation that (A) give the holders of those shares 25% or more of all of the votes that could be cast at any annual meeting of the shareholders in respect of all shares of the capital stock of the CRIC or the other Canadian corporation, as the case may be, or (B) have a fair market value of 25% or more of the fair market value of all of the issued and outstanding shares of the capital stock of the CRIC or the other Canadian corporation, as the case may be, (ii) the investment is an acquisition of shares of the capital stock of a subject corporation by a CRIC to which this subparagraph applies because of subsection (19), or (iii) under an arrangement entered into in connection with the investment, a person or partnership, other than the CRIC or a person or partnership other than the CRIC, has in any material respect the risk of loss or
opportunity for gain or profit in respect of a property that can reasonably be considered to relate to the investment; and Foreign affiliate dumping — consequences
février 1986, exploitait activement une entreprise sur une base régulière et continue ou tirait un revenu de la location d’un bien, et a continué de faire l’un ou l’autre jusqu’au moment donné, à condition qu’il n’y ait eu après le 25 février 1986 et avant le moment donné ni apport important de capital à la société de personnes ni augmentation importante de la dette de la société de personnes; à cette fin, le montant d’un apport ou d’une dette n’est pas considéré comme important si, selon le cas : a) la société de personnes s’en est servi pour faire une dépense qu’elle s’est obligée à faire par une convention écrite conclue avant le 26 février 1986 ou pour rembourser un prêt ou une dette contracté ou un apport de capital fait à l’égard de la dépense; b) il y a été fait appel conformément à un prospectus, un prospectus provisoire ou une déclaration d’enregistrement, produit avant le 26 février 1986 auprès d’une administration au Canada selon la législation fédérale ou provinciale sur les valeurs mobilières applicable et, si la loi le prévoit, approuvé par une telle administration; c) il a servi à l’activité que la société de personnes exerçait le 25 février 1986, sauf s’il a servi à un accroissement majeur de cette activité. Pour l’application du présent paragraphe : d’une part, une société de personnes à laquelle l’alinéa b) s’applique est considérée comme ayant exploité activement une entreprise, immédiatement avant le 26 février 1986, sur une base régulière et continue et comme ayant continué de le faire jusqu’au premier en date du jour de clôture indiqué dans le prospectus, le prospectus provisoire ou la déclaration d’enregistrement ou au 1er janvier 1987; d’autre part, une société de personnes n’est pas considérée comme s’étant obligée à faire une dépense par une convention si l’obligation est assortie d’une condition relative aux conséquences de la présente loi en ce qui concerne cette dépense et si cette condition ne s’est pas réalisée avant le 12 juin 1986 ou il n’y a pas été renoncé avant le 12 juin 1986. Opération factice (2.6) Pour l’application de l’alinéa (2.2)c), le montant dû par un contribuable ou par une personne avec qui celui-ci a un lien de dépendance et qui est restitué par la suite est réputé ne pas avoir été remboursé si, à cause d’événements subséquents ou autrement, il est établi que ce remboursement fait partie d’une série de prêts ou d’autres opérations et remboursements. Idem Idem (2.7) Pour l’application de l’alinéa (2.2)a), en cas d’apport de capital à un moment donné par un contribuable à une société de personnes, si la société de personnes ou une personne ou société de personnes avec qui la société de personnes a un lien de dépendance consent un prêt au contribuable ou à une personne avec qui celui-ci a un lien de dépendance ou rembourse l’apport de capital et s’il est établi, par des événements subséquents ou autrement, que le prêt ou le remboursement, selon le cas, fait partie d’une série de prêts ou d’autres opérations et remboursements, cet apport de capital est réputé ne pas avoir été fait à concurrence du montant prêté ou remboursé. Convention ou choix d’un associé
If this subsection applies to an investment in a subject corporation made by a CRIC, (a) for the purposes of this Part and subject to subsections (3) and (7), the CRIC is deemed to have paid to each parent, and each parent is deemed to have received from the CRIC, at the dividend time, a dividend in an amount determined by the formula A is the total of all amounts each of which is the portion of the fair market value at the investment time of any property (not including shares of the capital stock of the CRIC) transferred, any obligation assumed or incurred, or any benefit otherwise conferred, by the CRIC, or of any property transferred to the CRIC which transfer results in the reduction of an amount owing to the CRIC, that can reasonably be considered to relate to the investment, (i) if there is one parent, one, and (ii) if there is a group of parents, the fair market value at the dividend time of the shares of the capital stock of the CRIC that are held, directly or indirectly, by the parent, and (i) if there is one parent, one, and (ii) if there is a group of parents, the total of all amounts each of which is the fair market value at the dividend time of the shares of the capital
Si un contribuable qui est l’associé d’une société de personnes au cours d’un exercice a fait ou signé un choix ou une convention à une fin quelconque liée au calcul de son revenu tiré de la société de personnes pour l’exercice, ou a indiqué une somme à cette fin, en application d’un des paragraphes 10.1(1), 13(4), (4.2) et (16), de la définition revenus exclus au paragraphe 18.2(1), des paragraphes 20(9) et 21(1) à (4), de l’article 22, du paragraphe 29(1), de l’article 34, de la division 37(8)a)(ii)(B), des paragraphes 44(1) et (6), 50(1) et (5) et (9) à (11), de l’article 80.04, des paragraphes 86.1(2), 88(1.3), (3.3) et (3.5) et 90(3), de la définition de prix de base rajusté au paragraphe 95(4) et des paragraphes 97(2), 139.1(16) et (17) et 249.1(4) et (6), lequel choix ou laquelle convention ou indication de somme serait valide en l’absence du présent paragraphe, les règles ci-après s’appliquent : a) le choix, la convention ou l’indication de montant n’est pas valide à moins que : (i) d’une part, il n’ait été fait ou signé au nom du contribuable et de toute personne qui était un associé de la société de personnes au cours de cet exercice, (ii) d’autre part, le contribuable n’ait eu le pouvoir d’agir au nom de la société de personnes; b) à moins que le choix, la convention ou l’indication de montant ne soit pas valide par l’effet de l’alinéa a), toute autre personne qui était un associé de la société de personnes au cours de cet exercice est réputée avoir fait ou signé le choix ou la convention ou indiqué le montant; c) malgré l’alinéa a), tout choix ou toute convention ou indication de montant réputé fait ou signé par une personne aux termes de l’alinéa b) est réputé être un Election Late filing Special cases choix, une convention ou une indication de montant valide fait ou signé par elle. Choix
stock of the CRIC that are held, directly or indirectly, by a parent; and (b) in computing the paid-up capital in respect of any class of shares of the capital stock of the CRIC at any time that is at or after the investment time, there is to be deducted the amount of any increase in the paid-up capital in respect of the class, determined without reference to this section, that can reasonably be considered to relate to the investment. Dividend substitution election
Le choix prévu au paragraphe 97(2) ou 98(3) doit être fait au plus tard à la date qui survient la première parmi les dates auxquelles un contribuable procédant à ce choix doit produire une déclaration de revenu, conformément à l’article 150, pour l’année d’imposition au cours de laquelle a eu lieu l’opération à laquelle se rapporte le choix. Présentation tardive
If a CRIC (or a CRIC and a corporation that is a qualifying substitute corporation in respect of the CRIC at the dividend time) and a parent (or a parent and another non-resident person that at the dividend time is related to the parent) jointly elect in writing under this subsection in respect of an investment, and the election is filed with the Minister on or before the filing-due date of the CRIC for its taxation year that includes the dividend time, then the dividend that would, in the absence of this subsection, be deemed under paragraph (2)(a) to have been paid by the CRIC to the parent and received by the parent from the CRIC is deemed to have instead been (a) paid by the CRIC or the qualifying substitute corporation, as agreed on in the election; and (b) paid to, and received by, the parent or the other non-resident person, as agreed on in the election.
Lorsqu’un choix visé au paragraphe (4) n’a pas été fait à la date qui y est prévue et que cette date est postérieure au 6 mai 1974, le choix est réputé avoir été fait à cette date si, 3 années au plus tard après cette date, a) d’une part, le choix est fait selon le formulaire prescrit; b) d’autre part, un montant estimatif de la pénalité à l’égard de ce choix est payé par le contribuable visé au paragraphe 97(2) ou par les personnes visées au paragraphe 98(3) lorsque ce choix est fait. Cas spéciaux (5.1) Lorsque le ministre est d’avis que les circonstances d’un cas sont telles qu’il serait juste et équitable : a) de permettre qu’un choix soit fait en vertu du paragraphe 97(2) ou 98(3) plus de 3 ans après la date prévue au paragraphe (4); b) de permettre qu’un choix fait en vertu du paragraphe 97(2) soit modifié, le choix ou le choix modifié est réputé avoir été fait à la date à laquelle le choix devait au plus tard être ainsi fait, si : c) d’une part, le choix ou le choix modifié est fait selon le formulaire prescrit; d) d’autre part, un montant estimatif de la pénalité relative à ce choix ou le choix modifié est payé par le contribuable visé au paragraphe 97(2) ou par les personnes visées au paragraphe 98(3), selon le cas, lorsque le choix ou le choix modifié est fait; lorsque le présent paragraphe s’applique à la modification d’un choix, ce choix est réputé n’avoir jamais été en vigueur. Income Tax PART I Income Tax DIVISION B Computation of Income
The following definitions apply in this section. cross-border class, in respect of an investment, means a class of shares of the capital stock of a CRIC or qualifying substitute corporation if, immediately after the dividend time in respect of the investment, (a) a parent, or a non-resident person that does not deal at arm’s length with a parent, owns at least one share of the class; and (b) no more than 30% of the issued and outstanding shares of the class are owned by one or more persons resident in Canada that do not deal at arm’s length with a parent. (catégorie transfrontalière) dividend time, in respect of an investment, means (a) if the CRIC is controlled by a parent or group of parents at the investment time, the investment time; and (b) in any other case, the earlier of (i) the first time, after the investment time, at which the CRIC is controlled by a parent or group of parents, as the case may be, and (ii) the day that is one year after the day that includes the investment time. (moment du dividende) qualifying substitute corporation, at any time in respect of a CRIC, means a corporation resident in Canada (a) that is, at that time, controlled by (iii) a non-resident person that does not deal at arm’s length with a parent; (b) that has, at that time, an equity percentage (as defined in subsection 95(4)) in the CRIC; and (c) shares of the capital stock of which are, at that time, owned by a parent or another non-resident person with which the parent does not, at that time, deal at arm’s length. (société de substitution admissible)
exceeds Impôt sur le revenu
In the case of an investment described in paragraph (10)(e), the CRIC is deemed for the purposes of paragraph (2)(a) to transfer to the subject corporation property that relates to the investment, the fair market value of which property is (a) if the investment is described in subparagraph (10)(e)(i), the amount owing in respect of the debt obligation referred to in that subparagraph immediately after the investment time, or (b) if the investment is described in subparagraph (10)(e)(ii), the fair market value of the shares referred to in that subparagraph immediately after the investment time. (5.1) In the case of an investment (in this subsection referred to as the “second investment”) in a subject corporation by a CRIC described in paragraph (10)(f), the amount determined for A in paragraph (2)(a) in respect of the second investment is to be reduced by the amount determined for A in paragraph (2)(a) in respect of a prior investment (in this subsection referred to as the “first investment”) in the subject corporation by another corporation resident in Canada if (a) the first investment is an investment that is described in paragraph (10)(a) or (b) and to which paragraph (2)(a) applies; (b) immediately after the investment time in respect of the first investment, the other corporation is not controlled by (i) if there is one parent in respect of the CRIC, the parent, or (ii) if there is a group of parents in respect of the CRIC, the group of parents; and (c) the other corporation becomes, after the time that is immediately after the investment time in respect of the first investment and as part of a transaction or event or series of transactions or events that includes the making of the first investment, controlled by the parent or group of parents, as the case may be, because of the second investment. Anti-avoidance rule — cross-border class
A particular class of shares of the capital stock of a CRIC or a qualifying substitute corporation that, in the absence of this subsection, would be a cross-border class in respect of an investment is deemed not to be a cross-border class in respect of the investment if (a) a particular corporation resident in Canada that does not deal at arm’s length with a parent (i) acquires shares of the particular class (or shares that are substituted for those shares) as part of a transaction or event or series of transactions or events that includes the investment, or (ii) owns shares of the particular class (or shares that are substituted for those shares) and, as part of a transaction or event or series of transactions or events that includes the investment, (A) the paid-up capital in respect of the particular class is increased otherwise than as a result of an acquisition described in subparagraph (i), and (B) the increase in paid-up capital in respect of the particular class can reasonably be considered to be connected to funding provided to the particular corporation or another corporation resident in Canada (other than the corporation that issued the particular class) by a parent or a non-resident person that does not deal at arm’s length with a parent, unless (I) the funding results in an increase, equal to the amount funded, in the paid-up capital of shares of a class of the capital stock of the particular corporation, or the other corporation, that is a cross-border class in respect of the investment, and (II) the increase referred to in subclause (I) occurred at or before the time of the increase to the paid-up capital in respect of the particular class; and (b) it can reasonably be considered that one of the main reasons for the acquisition or for the funding, as the case may be, was to increase the amount of a deduction required under paragraph (7)(b) or (c) in computing the paid-up capital in respect of shares of the particular class held by the particular corporation. Reduction of deemed dividend
If paragraph (2)(a) applies to an investment in a subject corporation made by a CRIC, (a) where the CRIC demonstrates — in respect of one or more classes of shares of the capital stock of the CRIC, or of a qualifying substitute corporation, all the issued and outstanding shares of which are owned, immediately after the dividend time in respect of the investment, by persons that deal at arm’s length with the CRIC — that an amount of paid-up capital in respect of each of the classes arose as a consequence of one or more transfers of property, directly or indirectly, to the CRIC and that all of the property transferred was used by the CRIC to make, in whole or in part, the investment (or, in the case of an investment described in paragraph (10)(f), the direct acquisition referred to in that paragraph), then (i) the amount determined, without reference to this subsection, for A in paragraph (2)(a), is reduced by the lesser of (A) that amount, and (B) the total of all amounts of paid-up capital so demonstrated by the CRIC, and (ii) in computing the paid-up capital in respect of each class described in this paragraph, at any time after the dividend time, there is to be deducted an amount equal to the portion of the amount determined under subparagraph (i) that can reasonably be considered to relate to that class; (b) where the amount determined, without reference to this paragraph, for A in paragraph (2)(a) is equal to or greater than the total of all amounts each of which is an amount of paid-up capital immediately after the dividend time, determined without reference to this paragraph, of a cross-border class in respect of the investment, then (i) the amount determined, without reference to this paragraph, for A in paragraph (2)(a) is reduced by the total referred to in this paragraph, and (ii) in computing, at any time after the dividend time, the paid-up capital in respect of each cross-border class in respect of the investment, there is to be deducted an amount equal to the paid-up capital in respect of that class immediately after the dividend time, determined without reference to this paragraph; (c) where paragraph (b) does not apply and there is at least one cross-border class in respect of the investment, (i) the amount determined, without reference to this paragraph, for A in paragraph (2)(a) is reduced to nil, (ii) in computing, at any time after the dividend time, the paid-up capital in respect of a particular cross-border class in respect of the investment, there is to be deducted the amount, if any, that, when added to the total of all amounts that are deducted under this paragraph in computing the paid-up capital of other cross-border classes, results in the greatest total reduction because of this
paragraph, immediately after the dividend time, of the paid-up capital in respect of shares of cross-border classes that are owned by a parent or another non-resident person with which a parent does not, at the dividend time, deal at arm’s length, (iii) if the proportion of the shares of a particular class owned, in aggregate, by parents and non-resident persons that do not deal at arm’s length with parents is equal to the proportion so owned of one or more other cross-border classes (in this subparagraph all those classes, together with the particular class, referred to as the “relevant classes”), then the proportion that the reduction under subparagraph (ii) to the paid-up capital in respect of the particular class is of the paid-up capital, determined immediately after the dividend time and without reference to this paragraph, in respect of that class is to be equal to the proportion that the total reduction under subparagraph (ii) to the paid-up capital in respect of all the relevant classes is of the total paid-up capital, determined immediately after the dividend time and without reference to this paragraph, of all the relevant classes, and (iv) the total of all amounts each of which is an amount to be deducted under subparagraph (ii) in computing the paid-up capital of a cross-border class is to be equal to the amount by which the amount determined for A in paragraph (2)(a) is reduced under subparagraph (i); and (i) the CRIC shall file with the Minister in prescribed manner a form containing prescribed information and the amounts of the paid-up capital, determined immediately after the dividend time and without reference to this subsection, of each class of shares that is described in paragraph (a) or that is a cross-border class in respect of the investment, the paid-up capital of the shares of each of those classes that are owned by a parent or another non-resident person that does not, at the dividend time, deal at arm’s length with a parent, and the reduction under any of subparagraphs (a)(ii), (b)(ii) and (c)(ii) in respect of each of those classes, and (ii) if the form is not filed on or before the CRIC’s filing-due date for its taxation year that includes the dividend time, the CRIC is deemed to have paid to each parent, and each parent is deemed to have received from the CRIC, on the filing-due date, a dividend equal to the total of all amounts each of which is the amount of a reduction because of any of subparagraphs (a)(i), (b)(i) and (c)(i) in the amount the CRIC is deemed under paragraph (2)(a) to have paid to the parent. Election to not reduce deemed dividend (7.1) Subsection (7) does not apply in respect of an investment made by a CRIC if (a) the investment was made after March 28, 2012 and before August 16, 2013; (b) at the investment time, each share of the capital stock of the CRIC, and each qualifying substitute corporation in respect of the CRIC, that was not owned by the parent was owned by persons or partnerships with which the parent did not deal at arm’s length; and (c) the CRIC files an election with the Minister before 2017 to have this subsection apply in respect of the investment.
Pénalité en cas de présentation tardive du choix
In computing the paid-up capital at any time after March 28, 2012 in respect of a class of shares of the capital stock of a corporation, there is to be added an amount equal to the lesser of (a) the amount, if any, by which (i) the total of all amounts deemed by subsection 84(3), (4) or (4.1) to be a dividend on shares of the class paid after March 28, 2012 and before that time by the corporation (ii) the total that would be determined under subparagraph (i) if this Act were read without reference to paragraph (2)(b) and subsections (7) and (9), and
Pour l’application du présent article, la pénalité relative à un choix ou à un choix modifié visé à l’alinéa (5)a) ou (5.1)c) est égale : a) dans le cas d’un choix ou d’un choix modifié fait en vertu du paragraphe 97(2), au moins élevé des montants suivants : (i) 1/4 de 1 % de l’excédent de la juste valeur marchande, au moment de la disposition, du bien dont le contribuable visé à ce paragraphe a disposé sur la somme dont le contribuable et les associés de la société de personnes sont convenus dans le choix ou dans le choix modifié, pour chaque mois ou partie de mois compris dans la période commençant au plus tard le jour où le paragraphe (4) exigeait que ce choix soit fait et se terminant le jour où le choix ou le choix modifié est fait, (ii) le produit, ne dépassant pas 8 000 $, de la multiplication de 100 $ par le nombre de mois tombant, en tout ou en partie, dans la période visée au sous-alinéa (i); b) dans le cas d’un choix fait en vertu du paragraphe 98(3), au moins élevé des montants suivants : (i) 1/4 de 1 % de l’excédent du total visé à la division (A) sur le total visé à la division (B) : (A) le total des sommes d’argent et de la juste valeur marchande du bien de la société de personnes que les personnes visées à ce paragraphe ont reçues en contrepartie de leur participation dans la société de personnes au moment où la société de personnes a cessé d’exister, (B) le total du produit tiré par chaque personne de la disposition de sa participation dans la société de personnes, selon la détermination faite en vertu de l’alinéa 98(3)a), pour chaque mois ou partie de mois compris dans la période commençant au plus tard le jour où le paragraphe (4) exigeait que ce choix soit fait et se terminant le jour où le choix ou le choix modifié est fait, (ii) le produit, ne dépassant pas 8 000 $, de la multiplication de 100 $ par le nombre de mois tombant, en tout ou en partie, dans la période visée au sous-alinéa (i). Unpaid balance of penalty (d) [Repealed, 2016, c. 12, s. 32] Income Tax PART I Income Tax DIVISION B Computation of Income
(b) the amount, if any, by which (i) the total of all amounts required by paragraph (2)(b) or subsection (7) to be deducted in computing the paid-up capital in respect of the class before that time (ii) the total of all amounts required by subsection (9) to be added in computing the paid-up capital in respect of the class before that time.
(a) the provisions of paragraphs 85(1)(a) to 85(1)(f) apply to the disposition as if --- Impôt sur le revenu
If, in respect of an investment in a subject corporation made by a CRIC that is described in any of paragraphs (10)(a) to (f), an amount is deducted under paragraph (2)(b) or subsection (7) in computing the paid-up capital in respect of a class of shares of the capital stock of a particular corporation and, at a time subsequent to the investment time, there is a reduction of paid-up capital referred to in subparagraph (b)(i) or a receipt of property referred to in the description of A in subparagraph (b)(ii), the paid-up capital in respect of the class is to be increased, immediately before the subsequent time, by the lesser of (a) the amount, if any, by which (i) the total of all amounts deducted, before the subsequent time, under paragraph (2)(b) or subsection (7), in respect of the investment, in computing the paid-up capital in respect of the class (ii) the total of all amounts added under this subsection, in respect of the investment, to the paid-up capital in respect of the class before the time that is immediately before the subsequent time, and (b) an amount that (i) if the investment is described in paragraph (10)(a), (b) or (f), the paid-up capital in respect of the class is reduced at the subsequent time as part of or because of a distribution of property by the particular corporation and the property (in this paragraph referred to as the “distributed shares”) is shares of the capital stock of the subject corporation or shares of the capital stock of a foreign affiliate of the particular corporation that were substituted for shares of the capital stock of the subject corporation, is equal to the amount determined by the formula (A) if the investment is described in paragraph (10)(b), the portion of the fair market value, immediately before the subsequent time, of the distributed shares that can reasonably be considered to relate to the contribution of capital that is the investment, and (B) if the investment is described in paragraph (10)(a) or (f), the lesser of (I) the portion of the fair market value, immediately before the subsequent time, of the distributed shares that can reasonably be considered to relate to the shares (in this paragraph referred to as the “acquired shares”) of the capital stock of the subject corporation that were acquired on the investment (other than any portion described in clause (A)), and (II) the proportion of the amount determined under subparagraph (a)(i) that the amount determined under subclause (I) is of the fair market value, immediately before the subsequent time, of the acquired shares, or the portion of the fair market value of shares that were substituted for the acquired shares that can reasonably be considered to relate to the acquired shares, and (A) if the particular corporation is, immediately after the dividend time, a qualifying substitute corporation in respect of the CRIC, the particular corporation’s equity percentage (as defined in subsection 95(4)) in the CRIC immediately after the dividend time, and (B) in any other case, 100%, and (ii) in any other case, is equal to the amount determined by the formula A is the amount that is equal to the fair market value of property that (A) the particular corporation demonstrates has been received at the subsequent time by it or by a corporation resident in Canada that was not dealing at arm’s length with the particular corporation at that time (either of which is in this subparagraph referred to as the "recipient corporation") (I) as proceeds from the disposition of the acquired shares, or other shares to the extent that the proceeds from the disposition of those other shares can reasonably be considered to relate to the acquired shares or to shares of the capital stock of the subject corporation in respect of which an investment described in paragraph (10)(b) was made, (II) as a reduction of paid-up capital or dividend in respect of a class of shares of the capital stock of the subject corporation or the portion, of a reduction of paid-up capital or dividend in respect of a class of shares of the capital stock of a foreign affiliate of the particular corporation that were substituted for shares of the capital stock of the subject corporation, that can reasonably be considered to relate to shares of the capital stock of the subject corporation, or
(B) is not received by the recipient corporation (I) as a result of an investment, made by the recipient corporation, to which subsection (16) or (18) applies, or (II) as proceeds from a disposition of property to a corporation resident in Canada for which the acquisition is an investment to which subsection (16) or (18) applies, or to a partnership of which such a corporation is a member, B is the amount determined under paragraph (a) in respect of the class, and C is the total of all amounts each of which is an amount determined under paragraph (a) in respect of all classes of shares of the capital stock of the particular corporation or of any corporation that does not deal at arm's length with the particular corporation.
Exchange of debt obligation for shares (9.1) For the purposes of subsection (9), if at any time a debt obligation that relates to a particular investment described in paragraph (10)(c) or (d) or subparagraph (10)(c)(i) is exchanged for shares of a subject corporation and as part of the exchange there is an acquisition of shares described in subparagraph (18)(b)(i) or paragraph 18(d), then all amounts, in respect of the particular investment, deducted under paragraph (2)(b) or subsection (7) from, or added under subsection (7) to, the paid-up capital in respect of a class of shares before that time are deemed to have been deducted or added, as the case may be, in respect of the acquisition of the shares and not the particular investment. Continuity for paid-up capital reinstatement (9.2) If at any particular time shares (in this subsection referred to as the “new shares”) of a class of the capital stock of a corporation resident in Canada are acquired, in a transaction to which any of sections 51, 85, 85.1, 86 and 87 apply, in exchange for a share (in this subsection referred to as the “old share”) of a class of the capital stock of a particular corporation that is either the corporation or another corporation resident in Canada, then for the purposes of subsections (8) and (9), (a) if the corporation that issues the new shares is not the particular corporation, it is deemed to be the same corporation as, and a continuation of, the particular corporation; (b) the new shares are deemed to be the same share, and of the same class of the capital stock of the particular corporation, as the old share; and (c) if the old share remains outstanding after the exchange, it is deemed to be a share of a different class of the capital stock of the particular corporation. Investment in subject corporation
contribuable disposé d’un bien — bien qui n’est pas un produit dérivé admissible, au sens du paragraphe 10.1(5), du contribuable si le paragraphe 10.1(6) s’applique au contribuable, mais qui est un immobilisation, un avoir minier canadien, un avoir minier étranger ou un bien à porter à l’inventaire — en faveur d’une société de personnes qui est, immédiatement après la disposition, une société de personnes canadienne dont il est membre, si le contribuable et les autres associés de la société de personnes font conjointement le choix sur le formulaire prescrit dans le délai mentionné au paragraphe 96(4) : a) les alinéas 85(1)a) à f) s’appliquent à la disposition comme si la mention : (i) « pour la société » était remplacée par la mention « pour la société de personnes », (ii) « autre que toutes actions du capital-actions de la société ou un droit d’en recevoir » était remplacée par la mention « autre qu’une participation dans la société de personnes », (iii) « actionnaire de la société » était remplacée par la mention « membre de la société de personnes », (iv) « la société » était remplacée par la mention « tous les autres associés de la société de personnes », (v) « à la société » était remplacée par la mention « à la société de personnes »; b) dans le calcul, à un moment donné après la disposition, du prix de base rajusté, pour le contribuable, de sa participation dans la société de personnes, immédiatement après la disposition : (i) il doit être ajouté l’excédent éventuel du produit que le contribuable tire de la disposition des biens sur la juste valeur marchande, au moment de la disposition, de la contrepartie (autre qu’une participation dans la société de personnes) reçue par le contribuable pour les biens, (ii) il doit être déduit l’excédent éventuel de la juste valeur marchande, au moment de la disposition, de la contrepartie (autre qu’une participation dans la société de personnes) reçue par le contribuable pour les biens qu’il a ainsi disposés sur la juste valeur marchande au même moment de la disposition; c) lorsque les biens dont le contribuable a ainsi disposé en faveur de la société de personnes sont des biens Income Tax PART I Income Tax DIVISION B Computation of Income
In this section, investment, in a subject corporation made by a CRIC, means any of (a) an acquisition of shares of the capital stock of the subject corporation by the CRIC; (b) a contribution of capital to the subject corporation by the CRIC, which is deemed to include any transaction or event under which a benefit is conferred on the subject corporation by the CRIC; (c) a transaction under which an amount becomes owing by the subject corporation to the CRIC, other than an amount owing (i) that arises in the ordinary course of the business of the CRIC and that is repaid, other than as part of a series of loans or other transactions and repayments, within 180 days after the day on which the amount becomes owing, (ii) that is a pertinent loan or indebtedness immediately after the time of the transaction, or (iii) because a dividend has been declared, but not yet paid, by the subject corporation; (d) an acquisition of a debt obligation of the subject corporation by the CRIC from a person, other than (i) if the acquisition is made in the ordinary course of the business of the CRIC, a debt obligation acquired from a person with which the CRIC deals at arm’s length at the time of the acquisition, or (ii) a debt obligation that is a pertinent loan or indebtedness immediately after the time of the acquisition; (i) the maturity date of a debt obligation (other than a debt obligation that is a pertinent loan or indebtedness immediately after the time of the extension) owing by the subject corporation to the CRIC, or (ii) the redemption, acquisition or cancellation date of shares of the capital stock of the subject corporation owned by the CRIC; (f) an indirect acquisition by the CRIC of shares of the capital stock of the subject corporation that results from a direct acquisition by the CRIC of shares of the capital stock of another corporation resident in Canada, of which the subject corporation is a foreign affiliate, if the total fair market value of all the shares that are held directly or indirectly by the other corporation and are shares of foreign affiliates of the other corporation exceeds 75% of the total fair market value (determined without reference to debt obligations of any corporation resident in Canada in which the other corporation has a direct or indirect interest) of all of the properties owned by the other corporation; and (g) an acquisition by the CRIC of an option in respect of, or an interest in, or for civil law a right in, shares of the capital stock of, an amount owing by (other than an amount owing described in subparagraph (c)(i) or (ii)), or a debt obligation (other than a debt obligation described in subparagraph (d)(i) or (ii)), the subject corporation. Pertinent loan or indebtedness
Election not available — section 88 (d) the subsidiary is the taxpayer or has, before the disposition of the property, directly or indirectly in any manner whatever, an interest in the taxpayer. (3.1) [Repealed, 1998, c. 19, s. 124] Where capital cost to partner exceeds proceeds of disposition Impôt sur le revenu
For the purposes of subsection (10) and subject to subsection 17.1(3), pertinent loan or indebtedness, at any time, means an amount owing at that time by the subject corporation to the CRIC in respect of which all of the following apply: (i) the amount became owing after March 28, 2012, or (ii) the amount became owing before March 29, 2012 and is a debt obligation for which the maturity date was extended after March 28, 2012 and at or before that time; (b) the amount owing is not an amount owing described in subparagraph (10)(c)(i) or a debt obligation described in subparagraph (10)(d)(i); and (c) the CRIC and each parent jointly elect in writing under this paragraph in respect of the amount owing and file the election with the Minister on or before the filing-due date of the CRIC (i) in the case of an amount owing described in subparagraph (a)(i), for the year in which the amount became owing, or (ii) in the case of an amount owing described in subparagraph (a)(ii), for the year in which the extension was made. Late-filed elections
Where an election referred to in subsection (3) or paragraph (11)(c) was not made on or before the day on or before which the election was required by that paragraph to be made, the election is deemed to have been made on that day if the election is made on or before the day that is three years after that day and the penalty in respect of the election is paid by the CRIC when the election is made. Penalty for late-filed election
For the purposes of subsection (12), the penalty in respect of an election referred to in that subsection is an amount equal to the product obtained by multiplying $100 by the number of months each of which is a month all or part of which is during the period commencing with the day on or before which the election is required by subsection (3) or paragraph (11)(c), as the case may be, to be made and ending on the day on which the election is made. (a) the condition in that paragraph is deemed to be satisfied at the time of the acquisition if (i) any property (other than shares of foreign affiliates of the other corporation that is referred to in that paragraph) held directly or indirectly by that other corporation is disposed of, after the time of the acquisition, directly or indirectly by that corporation as part of a series of transactions or events that includes the acquisition, and (ii) at any time that is subsequent to the time of the acquisition and that is in the period during which the series occurs, the condition in that paragraph would have been satisfied had the acquisition occurred at the subsequent time; and (b) the fair market value of properties held directly or indirectly by the other corporation is not to be taken into account more than once in determining whether the condition in that paragraph is satisfied.
For the purposes of this section and paragraph 128.1(1)(c.3), (a) a CRIC or a taxpayer to which paragraph 128.1(1)(c.3) applies (in this subsection referred to as
canadiennes imposables du contribuable, la participation dans la société de personnes qu’il a reçue en contrepartie est réputée être, à tout moment de la période de 60 mois suivant la disposition, un bien canadien imposable lui appartenant. Choix non permis — article 88
the “specific corporation”), that would, in the absence of this subsection, be controlled at any time (i) by more than one non-resident person, is deemed not to be controlled at that time by any such person that controls at that time another non-resident person that controls at that time the specific corporation, unless the application of this paragraph would otherwise result in no non-resident person controlling the specific corporation, and (ii) by a particular non-resident corporation is deemed not to be controlled at that time by the particular non-resident corporation if the particular non-resident corporation is controlled at that time by another corporation that is at that time (A) resident in Canada, and (B) not controlled by any non-resident person or group of non-resident persons not dealing with each other at arm’s length; and (b) a non-resident person is deemed not to be a member of a particular group of non-resident persons not dealing with each other at arm’s length that controls the specific corporation if (i) the non-resident person would, absent the application of this paragraph, be a member of the particular group, and (ii) the non-resident person is a member of the particular group solely because it controls, or is a member of a group that controls, another member of the particular group. Exception — more closely connected business activities
Le paragraphe (2) ne s’applique pas à la disposition d’un bien effectuée par un contribuable en faveur d’une société de personnes donnée si les conditions ci-après sont réunies : a) dans le cadre d’une opération, d’un événement ou d’une série d’opérations ou d’événements qui comprend la disposition : (i) le contrôle d’une société canadienne imposable (appelée « filiale » au présent paragraphe) est acquis par une autre société canadienne imposable (appelée « société mère » au présent alinéa), (ii) la filiale est liquidée en vertu du paragraphe 88(1) ou est fusionnée avec une ou plusieurs autres sociétés en vertu du paragraphe 87(11), (iii) la société mère fait une désignation aux termes de l’alinéa 88(1)d) relativement à une participation dans une société de personnes; b) la disposition est effectuée après l’acquisition du contrôle de la filiale; c) le bien, selon le cas : (i) est visé à l’une des divisions (A) à (C) de l’élément B de la formule figurant au sous-alinéa 88(1)d)(ii.1), (ii) est une participation dans une société de personnes qui détient soit directement, soit indirectement par l’intermédiaire d’une ou de plusieurs sociétés de personnes, un bien visé à l’une des divisions; d) la filiale est le contribuable ou elle détient, avant la disposition du bien, directement ou indirectement, de quelque manière que ce soit, une participation dans le contribuable. (3.1) [Abrogé, 1998, ch. 19, art. 124] Cas où le coût en capital supporté par l’associé est supérieur au produit de disposition
Subject to subsection (19), subsection (2) does not apply to an investment in a subject corporation made by a CRIC if the CRIC demonstrates that all of the following conditions are met: (a) the business activities carried on by the subject corporation and all other corporations (those other corporations in this subsection and subsection (17) referred to as the “subject subsidiary corporations”) in which the subject corporation has, at the investment time, an equity percentage (as defined in subsection 95(4)) at the investment time, and are expected to remain, on a collective basis, more closely connected to the business activities carried on in Canada by the CRIC, or by any corporation resident in Canada with which the CRIC does not, at the investment time, deal at arm’s length, than to the business activities carried on by any non-resident person with which the CRIC, at the investment time, does not deal at arm’s length, other than (i) the subject corporation, (ii) the subject subsidiary corporations, and (iii) any corporation that is, immediately before the investment time, a controlled foreign affiliate of the CRIC for the purposes of section 17, (b) officers of the CRIC, or of a corporation resident in Canada that did not, at the investment time, deal at arm’s length with the CRIC, had and exercised the principal decision-making authority in respect of the making of the investment and a majority of those officers were, at the investment time, persons each of whom was resident, and working principally, (ii) in a country in which a particular corporation is resident if the particular corporation (in this subparagraph and subsection (17) referred to as a “connected affiliate”) is a controlled foreign affiliate of the CRIC for the purposes of section 17 and carries on business activities that are, at the investment time, and are expected to remain, at least as closely connected to those of the subject corporation and the subject subsidiary corporations, on a collective basis, as the business activities carried on in Canada by the CRIC, or any corporation resident in Canada with which the CRIC does not, at the investment time, deal at arm’s length, as the case may be, are to those of the subject corporation and the subject subsidiary corporations, on a collective basis; and (c) at the investment time, it is reasonably expected that (i) officers of the CRIC, or of a corporation resident in Canada that does not deal at arm’s length with the CRIC, will have and exercise the ongoing principal decision-making authority in respect of the investment, (ii) a majority of those officers will be persons each of whom will be resident, and working principally, in Canada or in a country in which a connected affiliate is resident, and (iii) the performance evaluation and compensation of the officers of the CRIC, or of the corporation resident in Canada that does not deal at arm’s length with the CRIC, who are resident, and work principally, in Canada, or in a country in which a connected affiliate is resident, will be based on the results of operations of the subject corporation to a greater extent than will be the performance evaluation and compensation of any officer of a non-resident corporation (other than the subject corporation, a corporation controlled by the subject corporation or a connected affiliate) that does not deal at arm’s length with the CRIC. Dual officers
Lorsque le paragraphe 97(2) s’appliquait à l’égard de l’acquisition de biens amortissables acquis par une société de personnes auprès d’un contribuable qui, immédiatement après [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 97; 1995, c. 21, s. 34; 1996, c. 18, s. 14; 2002, c. 9, s. 32; 2007, c. 2, s. 14; 2010, c. 12, s. 9; 2012, c. 31, s. 21; 2016, c. 12, s. 33; 2017, c. 33, s. 32.] Disposition of partnership property avoir disposé de ces biens, était un associé de la société de personnes et que le coût en capital supporté par le contribuable pour les biens dépasse le produit qu’il a tiré de leur disposition, pour l’application des articles 13 et 20 ainsi que des dispositions réglementaires prises en vertu de l’alinéa 20(1)a) : a) le coût en capital supporté par la société de personnes pour les biens est réputé être celui qui a été supporté par le contribuable pour ces mêmes biens; b) l’excédent est réputé avoir été admis en déduction en faveur de la société de personnes au titre des biens, en vertu des dispositions réglementaires prises en application de l’alinéa 20(1)a), dans le calcul de son revenu pour les années d’imposition antérieures à l’acquisition de ces biens par la société de personnes. Acquisition de certains outils — coût en capital et amortissement réputé
For the purposes of paragraphs (16)(b) and (c), any person who is an officer of the CRIC, or of a corporation resident in Canada that does not deal at arm’s length with the CRIC, and of a non-resident corporation that does not, at the investment time, deal at arm’s length with the CRIC (other than the subject corporation, a subject subsidiary corporation or a connected affiliate) is deemed not to be resident, and to not work principally, in a country in which a connected affiliate is resident.
Lorsque le paragraphe (2) s’est appliqué relativement à l’acquisition, à un moment donné, d’un bien amortissable par une société de personnes d’un particulier, que le coût du bien pour le particulier a été inclus dans une somme prévue aux alinéas 8(1)r) ou s) relativement au particulier et que ce montant représenterait le coût du bien pour le particulier immédiatement avant le transfert si la présente loi s’appliquait compte non tenu du paragraphe 8(7) (ce coût étant appelé dans le présent paragraphe « coût initial » au présent paragraphe) qui représenterait le coût du bien pour le particulier immédiatement avant le transfert si la présente loi s’appliquait compte non tenu du paragraphe 8(7) excède le produit de disposition du bien pour le particulier, les règles suivantes s’appliquent : a) le coût en capital du bien pour la société de personnes est réputé être égal au coût initial; b) l’excédent du coût initial sur le produit de disposition du bien pour le particulier est réputé avoir été déduit par la société de personnes en application de l’alinéa 20(1)a) relativement au bien dans le calcul du revenu pour les années d’imposition étant terminées avant le moment donné. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent codifié; voir les lois et règlements modificatifs appropriés : L.R. (1985), ch. 1 (5e suppl.), art. 97; 1995, ch. 21, art. 34; 1996, ch. 18, art. 14; 2002, ch. 9, art. 32; 2007, ch. 2, art. 14; 2010, ch. 12, art. 9; 2012, ch. 31, art. 21; 2016, ch. 12, art. 33; 2017, ch. 33, art. 32.] Disposition de biens d’une société de personnes 98 (1) Pour l’application de la présente loi, dans le cas où une société de personnes, à un moment donné après 1971, serait, sans le présent paragraphe, considérée comme ayant cessé d’exister, les règles suivantes s’appliquent : a) aussi longtemps que tous les biens de la société de personnes et tous ceux qui leur ont été substitués n’ont pas été attribués aux personnes qui ont le droit de les recevoir, en vertu de la loi, la société de personnes est réputée ne pas avoir cessé d’exister et chaque personne qui était un associé est réputée ne pas avoir cessé d’être un associé, b) le droit de chacune de ces personnes dans le partage de ces biens est réputé être une participation dans la société de personnes; c) malgré le paragraphe 40(3), lorsque, à la fin d’un exercice de la société de personnes, relativement à une participation dans la société de personnes : (i) le total des montants dont le paragraphe 53(2) exige la déduction dans le calcul du prix de base rajusté pour le contribuable à ce moment de la participation, excède : (ii) le total du coût, pour lui, de la participation déterminé pour le calcul du prix de base rajusté de cette participation pour lui, à ce moment, et des montants dont le paragraphe 53(1) exige l’addition au coût, pour lui, de la participation dans le calcul du prix de base rajusté de cette participation pour lui, à ce moment, l’excédent est réputé être un gain du contribuable pour son année d’imposition qui comprend ce moment, tiré de la disposition à ce moment de cette participation. Produit présumé de la disposition
Subject to subsections (18.1) to (20), subsection (2) does not apply to an investment in a subject corporation made by a CRIC if (a) the investment is described in paragraph (10)(a) or (d) and is an acquisition of shares of the capital stock, or a debt obligation, of the subject corporation (i) from a corporation resident in Canada (in this paragraph referred to as the “disposing corporation”) to which the CRIC is, immediately before the investment time, related (determined without reference to paragraph 251(5)(b)), and (A) each shareholder of the disposing corporation immediately before the investment time is (I) if there is only one parent in respect of the CRIC,
Sous réserve des paragraphes (3) et (5) et 85(3), lorsque, après 1971, une société de personnes a disposé de biens en faveur d’un contribuable qui, immédiatement avant le moment de la disposition, en était un associé, la société de personnes est réputée avoir effectué cette disposition un produit égal à la juste valeur marchande de ces biens à ce moment et le contribuable est réputé les avoir acquis à un prix égal à cette juste valeur marchande. Règles applicables lorsqu’une société de personnes cesse d’exister
Lorsque, à un moment donné après 1971, une société de personnes canadienne a cessé d’exister et que tous ses biens ont été attribués à des personnes qui étaient des associés de la société de personnes immédiatement avant ce moment de sorte que, immédiatement après ce moment, chacune de ces personnes possède, dans chacun de ces biens, une fraction indivise ou, pour l’application du droit civil, un droit indivis (lesquels intérêt indivis ou droit indivis sont appelés « intérêt indivis ou droit indivis » au présent paragraphe) qui, lorsqu’il est exprimé en pourcentage (appelé le « pourcentage » de cette personne au présent paragraphe) de tous les intérêts ou droits indivis Income Tax PART I Income Tax DIVISION B Computation of Income
that participates in the series and is, at any time that is in the period and that is before the investment time, related to the parent, and (II) if there is a group of parents in respect of the CRIC,
(i.1) [Repealed, 2016, c. 12, s. 34] Impôt sur le revenu
(B) the disposing corporation is (I) if there is only one parent in respect of the CRIC, at no time that is in the period and that is before the investment time, dealing at arm’s length (determined without reference to paragraph 251(5)(b)) with the parent or a non-resident person that participates in the series and is, at any time that is in the period and that is before the investment time, related to the parent, and (II) if there is a group of parents in respect of the CRIC, at all times that are in the period during which the series of transactions or events that includes the making of the investment occurs and that are before the investment time, controlled by the group of parents, or (ii) on an amalgamation described in subsection 87(1) of two or more corporations (each of which is in this subparagraph referred to as a “predecessor corporation”) to form the CRIC if all of the predecessor corporations are, immediately before the amalgamation, related to each other (determined without reference to paragraph 251(5)(b)) and (I) if there is only one parent in respect of the CRIC, none of the predecessor corporations are, at any time that is in the period during which the series of transactions or events that includes the making of the investment occurs and that is before the investment time, dealing at arm’s length (determined without reference to paragraph 251(5)(b)) with the parent or a non-resident person that participates in the series and is, at any time that is in the period and that is before the investment time, related to the parent, or (II) if there is a group of parents in respect of the CRIC, all of the predecessor corporations are, at all times that are in the period during which the series of transactions or events that includes the making of the investment occurs and that are before the investment time, controlled by the group of parents, or (B) if the condition in clause (A) is not satisfied in respect of a predecessor corporation, each shareholder of that predecessor immediately before the investment time is (I) if there is only one parent in respect of the CRIC,
(II) if there is a group of parents in respect of the CRIC,
sur ces biens, est égal à son intérêt ou droit indivis, lorsqu’il est ainsi exprimé, sur chacun de ces autres biens, les règles ci-après s’appliquent si toutes ces personnes ont fait le choix ensemble relativement à ces biens, selon le formulaire prescrit et dans le délai mentionné au paragraphe 96(4) : a) le produit que reçoit chacune de ces personnes lors de la disposition de sa participation dans la société de personnes est réputé égal au montant le plus élevé des sommes suivantes : (i) le prix de base rajusté, pour elle, immédiatement avant le moment donné, de sa participation dans la société de personnes, (ii) le montant qu’elle a reçu en argent lorsque la société de personnes a cessé d’exister, augmenté de son pourcentage du total des montants qui constituent chacun le coût indiqué, pour la société de personnes, de chacun de ces biens, immédiatement avant leur attribution; b) le coût que chacune de ces personnes supporte pour son intérêt ou droit indivis sur chacun de ces biens est réputé égal au total des montants suivants : (i) le pourcentage, pour cette personne, du coût indiqué du bien pour la société de personnes immédiatement avant son attribution, (i.1) [Abrogé, 2016, ch. 12, art. 34] (ii) lorsque le montant déterminé en vertu du sous-alinéa a)(i) dépasse le montant déterminé en vertu du sous-alinéa a)(ii), le montant déterminé en vertu de l’alinéa c) relativement à son intérêt ou droit indivis sur ces biens; c) la somme déterminée en vertu du présent alinéa, relativement à l’intérêt ou au droit indivis de chacune de ces personnes sur chacun des biens immobilisés (autres que des biens amortissables) de la société de personnes, est la fraction de l’excédent visé au sous-alinéa b)(ii) qui est désignée par elle, relativement aux biens, sauf que : (i) en aucun cas la somme ainsi désignée relativement à son intérêt ou droit indivis sur un de ces biens ne peut dépasser l’excédent de son pourcentage de la juste valeur marchande du bien, immédiatement après son attribution, sur son pourcentage du coût indiqué de ce bien, supporté par la société de personnes, immédiatement avant son attribution, A - B where (i.1) si ce bien est une participation dans une société de personnes (appelée « autre société de personnes » au présent sous-alinéa), son pourcentage de la juste valeur marchande du bien immédiatement après son attribution est réputé correspondre à la somme obtenue par la formule suivante : A - B où : A représente son pourcentage de la juste valeur marchande du bien immédiatement après son attribution, déterminé compte non tenu du présent sous-alinéa, B la fraction de l’excédent de son pourcentage de la juste valeur marchande du bien immédiatement après son attribution, déterminé compte non tenu du présent sous-alinéa, sur le coût indiqué du bien pour la société de personnes immédiatement avant l’attribution qu’il est raisonnable de considérer comme étant attribuable au total des sommes dont chacune représente immédiatement après le moment donné : (A) dans le cas d’un bien amortissable que l’autre société de personnes détient directement, soit indirectement par l’intermédiaire d’une ou de plusieurs autres sociétés de personnes, l’excédent de la juste valeur marchande du bien, déterminée compte non tenu des dettes et autres obligations, sur son coût indiqué, (B) dans le cas d’un avoir minier canadien ou d’un avoir minier étranger que l’autre société de personnes détient soit directement, soit indirectement par l’intermédiaire d’une ou de plusieurs autres sociétés de personnes, la juste valeur marchande du bien, déterminée compte non tenu des dettes et autres obligations, (C) dans le cas d’un autre bien qui n’est ni une immobilisation, ni un avoir minier canadien, ni un avoir minier étranger et que l’autre société de personnes détient soit directement, soit indirectement par l’intermédiaire d’une ou de plusieurs autres sociétés de personnes, l’excédent de la juste valeur marchande du bien, déterminée compte non tenu des dettes et autres obligations, sur son coût indiqué, (ii) en aucun cas le total des sommes ainsi désignées relativement à ses intérêts ou droits indivis sur toutes ces immobilisations (autres que les biens (g) [Repealed, 2016, c. 12, s. 34] Where s. (3) does not apply amortissables) ne peut être supérieur à l'excédent visé au sous-alinéa b)(ii); e) lorsque le bien ainsi attribué par la société de personnes était un bien amortissable d'une catégorie prescrite de la société de personnes et que le montant que représente le pourcentage, afférent à l'une de ces personnes, de la somme représentant le coût en capital de ce bien supporté par la société de personnes dépasse le montant déterminé en vertu de l'alinéa b) comme étant le coût, supporté par cette personne, de son intérêt ou droit indivis sur le bien, pour l'application des articles 13 et 20 et des dispositions réglementaires prises en vertu de l'alinéa 20(1)a) : (i) le coût en capital, supporté par elle, de son intérêt ou droit indivis sur le bien est réputé être son pourcentage de la somme représentant le coût en capital du bien supporté par la société de personnes, (ii) l'excédent est réputé lui avoir été alloué au titre du bien selon les dispositions réglementaires prises en application de l'alinéa 20(1)a), dans le calcul du revenu pour les années d'imposition antérieures à l'acquisition, par elle, de cet intérêt ou droit indivis; f) la société de personnes est réputée avoir disposé de chacun de ces biens et en avoir tiré un produit égal au coût indiqué des biens supporté par la société de personnes immédiatement avant leur attribution. g) [Abrogé, 2016, ch. 12, art. 34] Non-application du par. (3)
Le paragraphe (3) n'est pas applicable lorsque le paragraphe (5) ou 85(3) s'applique. Entreprise de la société de personnes exploitée par un seul et unique propriétaire
(b) the investment is described in paragraph (10)(a) and is an acquisition of shares of the capital stock of the subject corporation in which the shares are acquired by the CRIC (i) in an exchange to which subsection 51(1) applies, (ii) as consideration for a disposition of shares to which subsection 85.1(3) applies (determined without reference to subsection 85.1(4)), (iii) in the course of a reorganization of the capital of the subject corporation to which subsection 86(1) applies, (iv) as a result of a foreign merger (as defined in subsection 87(8.1)) under which the subject corporation was formed, (v) on a liquidation and dissolution to which subsection 88(3) applies, (vi) on a redemption of shares of another non-resident corporation that is, immediately before the investment time, a foreign affiliate of the CRIC, (vii) as a dividend or a qualifying return of capital, within the meaning assigned by subsection 90(3), in respect of the shares of another non-resident corporation that is, immediately before the investment time, a foreign affiliate of the CRIC, or (viii) as a result of a disposition of the shares by the CRIC to a partnership and to which subsection 97(2) applies; (c) the investment is an indirect acquisition referred to in paragraph (10)(f) that results from a direct acquisition of shares of the capital stock of another corporation resident in Canada (i) from a corporation (in this paragraph referred to as the “disposing corporation”) to which the CRIC is, immediately before the investment time, related (determined without reference to paragraph 251(5)(b)) and (A) each shareholder of the disposing corporation immediately before the investment time is (I) if there is only one parent in respect of the CRIC,
Lorsque, à un moment donné après 1971, une société de personnes canadienne a cessé d'exister et que, dans les 3 mois suivant ce moment, une seule de ses personnes (appelée « propriétaire » au présent paragraphe s'il s'agit d'un individu, d'une fiducie ou d'une société) était, immédiatement avant le moment donné, un associé de la société de personnes, poursuit lui-même, à titre de propriétaire unique, l'exploitation de l'entreprise antérieurement exploitée par la société de personnes et continue à utiliser, dans le cours des affaires de l'entreprise, un bien qui était, immédiatement avant ce moment, un bien de la société de personnes et qu'il a reçu à titre de produit de disposition de sa participation dans la société de personnes, les règles suivantes s'appliquent : (ii) the total of (i.1) [Repealed, 2016, c. 12, s. 34] (ii) where the amount determined under subparagraph 98(5)(a)(i) exceeds the amount determined under subparagraph 98(5)(a)(ii), the amount determined under paragraph 98(5)(c) in respect of the property; A − B where où : A représente la juste valeur marchande du bien immédiatement après son attribution, déterminée compte non tenu du présent sous-alinéa, au propriétaire, B l’excédent de la juste valeur marchande du bien immédiatement après son attribution au propriétaire, déterminée compte non tenu du présent sous-alinéa, sur le coût indiqué du bien pour la société de personnes immédiatement avant son attribution qu’il est raisonnable de considérer comme étant attribuable au total des sommes dont chacune représente immédiatement après le moment donné : (A) dans le cas d’un bien amortissable que l’autre société de personnes détient soit directement, soit indirectement par l’intermédiaire d’une ou de plusieurs autres sociétés de personnes, l’excédent de la juste valeur marchande du bien, déterminée compte non tenu des dettes et autres obligations, sur son coût indiqué, (B) dans le cas d’un avoir minier canadien ou d’un avoir minier étranger que l’autre société de personnes détient soit directement, soit indirectement par l’intermédiaire d’une ou de plusieurs autres sociétés de personnes, la juste valeur marchande de l’avoir minier canadien ou étranger, déterminée compte non tenu des dettes et autres obligations, (C) dans le cas d’un autre bien qui n’est ni une immobilisation, ni un avoir minier canadien, ni un avoir minier étranger et que l’autre société de personnes détient soit directement, soit indirectement par l’intermédiaire d’une ou de plusieurs autres sociétés de personnes, l’excédent de la juste valeur marchande du bien, déterminée compte non tenu des dettes et autres obligations, sur son coût indiqué, (ii) aucun cas le total des sommes ainsi désignées relativement à toutes ces immobilisations (autres que des biens amortissables) ne peut être supérieur à l’excédent visé au sous-alinéa b)(ii); e) lorsqu’un tel bien ainsi reçu par lui était un bien amortissable d’une catégorie prescrite de la société de personnes et que la somme représentant le coût en capital de ce bien supporté par la société de personnes dépasse le montant déterminé en vertu de l’alinéa b) (h) [Repealed, 2016, c. 12, s. 34] Income Tax PART I Income Tax DIVISION B Computation of Income
Depreciable property — leasehold interests and options (NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: I.R., 1985, c. 1 (5th Supp.), s. 98.1; 1994, c. 7, Sch. II, s. 37, Sch. VII, s. 41; 1995, c. 3, s. 2; 2001, c. 17, s. 75; 2013, c. 34, s. 122; 2016, c. 12, s. 34; 2017, c. 33, s. 33; 2023, c. 26, s. 22.) exceeds Impôt sur le revenu
with the parent or a non-resident person that participates in the series and is, at any time that is in the period and that is before the investment time, related to the parent, and (II) if there is a group of parents in respect of the CRIC,
(B) the disposing corporation is (I) if there is only one parent in respect of the CRIC, at no time that is in the period and that is before the investment time, dealing at arm’s length (determined without reference to paragraph 251(5)(b)) with the parent or a non-resident person that participates in the series and is, at any time that is in the period and that is before the investment time, related to the parent, and (II) if there is a group of parents in respect of the CRIC, at all times that are in the period during which the series of transactions or events that includes the making of the investment occurs and that are before the investment time, controlled by the group of parents, (ii) on an amalgamation described in subsection 87(1) of two or more corporations (each of which is in this subparagraph referred to as a “predecessor corporation”) to form the CRIC, or a corporation of which the CRIC is a shareholder, if all of the predecessor corporations are, immediately before the amalgamation, related to each other (determined without reference to paragraph 251(5)(b)) and (I) if there is only one parent in respect of the CRIC, none of the predecessor corporations are, at any time that is in the period during which the series of transactions or events that includes the making of the investment occurs and that is before the investment time, dealing at arm’s length (determined without reference to paragraph 251(5)(b)) with the parent or a non-resident person that participates in the series and is, at any time that is in the period and that is before the investment time, related to the parent, or (II) if there is a group of parents in respect of the CRIC, all of the predecessor corporations are, at all times that are in the period during which the series of transactions or events that includes the making of the investment occurs and that are before the investment time, controlled by the group of parents, or (B) if the condition in clause (A) is not satisfied in respect of a predecessor corporation, each shareholder of that predecessor immediately before the investment time is (I) if there is only one parent in respect of the CRIC,
Biens amortissables — tenures à bail et options
(II) if there is a group of parents in respect of the CRIC,
Pour l’application des alinéas (3)c) et (5)c), sont des biens amortissables les droits de tenure à bail dans des biens et les options d’achat visant de tels biens. (NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés : L.R., 1985, ch. 1 (5e suppl.), art. 98.1; 1994, ch. 7, ann. II, art. 37, ann. VII, art. 41; 1995, ch. 3, art. 2; 2001, ch. 17, art. 75; 2013, ch. 34, art. 122; 2016, ch. 12, art. 34; 2017, ch. 33, art. 33; 2023, ch. 26, art. 22.) Participation résiduelle dans la société de personnes
a) jusqu’à ce que l’ensemble des droits du contribuable (sauf le droit à une part du revenu ou de la perte de la société de personnes résultant d’une convention visée au paragraphe 96(1.1)) de recevoir des biens appartenant à la société de personnes, ou en paiement, en contrepartie de sa participation dans la société immédiatement avant le moment où il a cessé d’en être un associé, cette participation (appelée « participation résiduelle » au présent article) est réputée, sous réserve des articles 70, 110.6 et 128.1, mais malgré les autres articles de la présente loi, ne pas avoir fait l’objet d’une disposition par le contribuable et demeurer une participation dans la société de personnes; b) lorsque tous les droits du contribuable visés à l’alinéa a) sont complètement réglés avant la fin de l’exercice de la société de personnes au cours duquel il a cessé d’être un associé, le contribuable est réputé, malgré l’alinéa a), ne pas avoir disposé de sa participation résiduelle avant la fin de cet exercice; c) malgré le paragraphe 40(3), lorsque, à la fin d’un exercice de la société de personnes, relativement à une participation résiduelle dans la société de personnes : (i) le total des éléments dont le paragraphe 53(2) exige la déduction dans le calcul du prix de base rajusté pour le contribuable à ce moment de la participation résiduelle, excède : (ii) le total du coût, pour lui, de la participation résiduelle déterminé pour le calcul du prix de base rajusté de cette participation pour lui, à ce moment, Income Tax PART I Income Tax DIVISION B Computation of Income
(iii) in an exchange to which subsection 51(1) applies, (iv) in the course of a reorganization of the capital of the other corporation to which subsection 86(1) applies, (v) to the extent that an investment (other than one described in paragraph (10)(f)) is made in the subject corporation by the other corporation, or by a particular corporation resident in Canada to which the CRIC and the other corporation are related at the investment time, using property transferred, directly or indirectly, by the CRIC to the other corporation or the particular corporation, as the case may be, if the two investments (A) occur within 90 days of each other, and (B) are part of the same series of transactions or events, or (vi) as a result of a disposition of the shares by the CRIC to a partnership and to which subsection 97(2) applies; or (d) the investment is an acquisition of shares of the capital stock of the subject corporation that is described in paragraph (10)(a), or an indirect acquisition referred to in paragraph (10)(f) that results from a direct acquisition of shares of the capital stock of another corporation resident in Canada, if (i) the shares are acquired by the CRIC in exchange for a bond, debenture or note, and (ii) subsection 51(1) would apply to the exchange if the terms of the bond, debenture or note conferred on the holder the right to make the exchange. Exchange — pertinent loan or indebtedness (18.1) Subsection (18) does not apply to an investment that is an acquisition of property if the property can reasonably be considered to have been received by the CRIC as repayment in whole or in part, or in settlement, of a pertinent loan or indebtedness.
(d) where a taxpayer has a residual interest Continuation of original partnership [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 98.1; 1994, c. 7, Sch. II, s. 74; 21, s. 45; 1995, c. 3, s. 27; 1998, c. 19, s. 125; 2006, c. 9, s. 63. Impôt sur le revenu
Subparagraph (1)(b)(ii) applies, and subsection (16) and paragraphs (18)(b) and (d) do not apply, to an acquisition of shares of the capital stock of a subject corporation by a CRIC if, having regard to all the terms and conditions of the shares and any agreement in respect of the shares, the shares cannot reasonably be considered to fully participate in the profits of the subject corporation and any appreciation in the value of the subject corporation, unless the subject corporation would be a subsidiary wholly-owned corporation of the CRIC throughout the period during which the series of transactions or events that includes the acquisition occurs if the CRIC owned all of the shares of the capital stock of the subject corporation that are owned by any of (b) a corporation resident in Canada that is a subsidiary wholly-owned corporation of the CRIC; and (c) a corporation resident in Canada of which the CRIC is a subsidiary wholly-owned corporation.
Subsection (2) applies to an investment in a subject corporation made by a CRIC that is an acquisition of shares of the capital stock of the subject corporation described in any of subparagraphs (18)(b)(v) to (vii) to the extent of the lesser of (a) the total of all amounts each of which is the amount of a debt obligation assumed by the CRIC in respect of the liquidation and dissolution, redemption, dividend or qualifying return of capital, as the case may be, and (b) the fair market value of the shares at the investment time. Persons deemed not to be related
If it can reasonably be considered that one of the main purposes of one or more transactions or events is to
cause two or more persons to be related to each other, or a person or group of persons to control another person, so that, in the absence of this subsection, subsection (2) would not apply because of subsection (18) to an investment in a subject corporation made by a CRIC, those persons are deemed not to be related to each other, or that person or group of persons is deemed not to control that other person, as the case may be, for the purposes of subsection (18).
et des montants dont le paragraphe 53(1) exige l’addition au coût, pour lui, de la participation résiduelle dans le calcul du prix de base rajusté de cette participation pour lui, à ce moment, l’excédent est réputé être un gain contribuable pour son année d’imposition qui comprend ce moment, tiré de la disposition à ce moment de cette participation résiduelle; d) lorsqu’un contribuable détient une participation résiduelle : (i) par l’effet de l’alinéa b), il est, sauf pour l’application des paragraphes 110.1(4) et 118.1(8), réputé ne pas être un associé de la société de personnes, (ii) dans les autres cas, il est, sauf pour l’application du paragraphe 85(3), réputé ne pas être un associé de la société de personnes. Continuation d’une première société de personnes
For the purposes of this section and subsections 219.1(3) and (4), (a) if there has been an amalgamation to which subsection 87(11) applies, (i) the new corporation referred to in that subsection is deemed to be the same corporation as, and a continuation of, the parent and each subsidiary referred to in that subsection, (ii) the new corporation is deemed not to acquire any property of the parent or of any subsidiary, as a result of the amalgamation, and (iii) each shareholder of the new corporation is deemed not to acquire indirectly any shares as a result of the amalgamation; and (b) if there has been a winding-up to which subsection 88(1) applies, (i) the parent referred to in that subsection is deemed to be the same corporation as, and a continuation of, the subsidiary referred to in that subsection, and (ii) the parent is deemed not to acquire any property of the subsidiary as a result of the winding-up. Indirect investment
Lorsqu’une société de personnes (appelée la « première société de personnes » au présent paragraphe) a ou aurait, sans le paragraphe 98(1), cessé d’exister à un moment où un contribuable avait des droits visés à l’alinéa 98.1(1)a) relativement à cette société de personnes et que les associés d’une autre société de personnes conviennent de régler tout ou partie de ces droits, cette autre société de personnes est réputée, pour l’application de cet alinéa, être la continuation de la première société de personnes. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 98.1; 1994, ch. 7, ann. II, art. 74; 21, art. 45; 1995, ch. 3, art. 27; 1998, ch. 19, art. 125; 2006, ch. 9, art. 63. Transfert d’une participation en cas de décès
Subsection (2) applies to an investment in a subject corporation made by a CRIC to which, in the absence of this subsection, subsection (2) would not apply because of subsection (16) or (24), to the extent that one or more properties received by the subject corporation from the CRIC as a result of the investment, or property substituted for any such property, may reasonably be considered to have been used by the subject corporation, directly or indirectly as part of a series of transactions or events that includes the making of the investment, in a transaction or event to which subsection (2) would have applied if the CRIC had entered into the transaction, or participated in Placement indirect
a) le contribuable est réputé avoir acquis un droit de recevoir un bien de la société de personnes et non avoir acquis une participation dans la société de personnes; b) le contribuable est réputé avoir acquis le droit visé à l’alinéa a) à un coût égal au montant réputé, en vertu de l’alinéa 70(5)a) ou 6)d), être le produit de disposition de la participation dans la société de personnes en faveur du particulier décédé; c) l’article 43 ne s’applique pas à ce droit. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1974-75-76, ch. 26, art. 63. Idem (b) a non-resident person; (ii) a non-resident, or De minimis où il est raisonnable de considérer que l’un des bénéficiaires de la fiducie est, selon le cas : (i) exonéré d’impôt en vertu de l’article 149, (ii) une société de personnes si, à la fois : (A) une participation dans la société de personnes est détenue soit directement, soit indirectement par l’intermédiaire d’une ou de plusieurs autres sociétés de personnes par une ou plusieurs personnes qui sont exonérées d’impôt en vertu de l’article 149 ou qui sont des fiducies (sauf des fiducies de fonds commun de placement), (B) la juste valeur marchande totale des participations détenues par les personnes visées à la division (A) excède 10 % de la juste valeur marchande de l’ensemble des participations dans la société de personnes, (iii) soit une autre fiducie (sauf une fiducie de fonds commun de placement) si, à la fois : (A) un ou plusieurs bénéficiaires de l’autre fiducie est une personne exonérée d’impôt en vertu de l’article 149, des sociétés de personnes ou des fiducies (sauf des fiducies de fonds communs de placement), (B) la juste valeur marchande totale des participations à titre de bénéficiaire de l’autre fiducie détenues par les bénéficiaires visés à la division (A) excède 10 % de la juste valeur marchande de l’ensemble des participations à titre de bénéficiaire de l’autre fiducie. Seuil minimum (1.2) Le paragraphe (1) ne s’applique pas à la disposition d’une participation dans une société de personnes effectuée par un contribuable en faveur d’une société de personnes ou d’une fiducie visée aux alinéas (1.1)c) ou d) — sauf une fiducie dans le cadre de laquelle le montant de revenu ou de capital à distribuer à un moment donné relativement à une participation à titre de bénéficiaire de la fiducie est fonction de l’exercice ou de l’absence d’exercice, par une personne ou une société de personnes, d’un pouvoir discrétionnaire — si la mesure dans laquelle le paragraphe (1) s’appliquerait, en l’absence du présent paragraphe, à la disposition de la participation par le contribuable par l’effet du paragraphe (1.1) n’excède pas 10 % de la participation du contribuable. Income Tax PART I Income Tax DIVISION B Computation of Income
Indirect funding
Impôt sur le revenu
Subsection (2) does not apply to an investment in a subject corporation made by a CRIC to which, in the absence of this subsection, subsection (2) would apply, if the CRIC demonstrates that (a) all the properties received by the subject corporation from the CRIC as a result of the investment were used, at a particular time that is within 30 days after the investment time and at all times after the particular time, by the subject corporation (i) to derive income from activities that can reasonably be considered to be directly related to active business activities carried on by a particular corporation and all of the income is income from an active business because of subparagraph 95(2)(a)(i), (ii) to make a loan or acquire a property, all or substantially all of the income from which is, or would be, if there were income from the loan or property, derived from amounts paid or payable, directly or indirectly, to the subject corporation by a particular corporation and is, or would be, income from an active business because of subparagraph 95(2)(a)(ii); (b) the particular corporation was, at the particular time, a controlled foreign affiliate of the CRIC for the purposes of section 17; and (c) the particular corporation is, throughout the period that begins at the investment time and during which the series of transactions or events that includes the activities of, or the making of the loan or acquisition of property by, the subject corporation occurs, a corporation in which an investment made by the CRIC would not be subject to subsection (2) because of subsection (16). Partnerships
For the purposes of this section, subsection 17.1(1) (as it applies in respect of a pertinent loan or indebtedness as defined in subsection (11)), paragraph 128.1(1)(c.3) and subsection 219.1(2), (a) any transaction entered into, or event participated in, by a partnership is deemed to have been entered Financement indirect into, or participated in, as the case may be, by each member of the partnership in the proportion that the fair market value, at the time of the transaction or event, of the member’s interest — held directly or indirectly through one or more other partnerships — in the partnership is of the fair market value, at that time, of all direct interests in the partnership; (b) if at any time, based on the assumptions contained in paragraph 96(1)(c), property would be owned by a partnership, that property is deemed to be owned at that time by each member of the partnership in the proportion that the fair market value, at that time, of the member’s interest — held directly or indirectly through one or more other partnerships — in the partnership is of the fair market value, at that time, of all direct interests in the partnership; (c) if at any time there is an increase (including, for greater certainty, as a result of a particular acquisition of an interest in a partnership in which, immediately prior to the particular acquisition, the member did not have an interest) in the portion of a property that is deemed under paragraph (b) to be owned by a member of a partnership, the member is deemed at that time: (i) to acquire the additional portion of the property, and (ii) to transfer property that relates to the acquisition of the additional portion and that has a fair market value equal to the fair market value at that time of the additional portion; (d) if at any time, based on the assumptions contained in paragraph 96(1)(c), an amount would be owing by a partnership, that amount is deemed to be owed by each member of the partnership in the proportion that the fair market value, at that time, of the member’s interest — held directly or indirectly through one or more other partnerships — in the partnership is of the fair market value, at that time, of all direct interests in the partnership; (e) if a member of a partnership enters into a transaction, or participates in an event, with the partnership, paragraph (a) does not apply to the transaction or event to the extent that the transaction or event would, in the absence of this paragraph, be deemed by paragraph (a) to have been entered into, or participated in, as the case may be, by the member; and (f) a person or partnership that is (or is deemed by this paragraph to be) a member of a particular partnership that is a member of another partnership is deemed to be a member of the other partnership.
For the purposes of this section, subsection 17.1(1) (as it applies in respect of a pertinent loan or indebtedness as defined in subsection (11)), paragraph 128.1(1)(c.3) and subsection 219.1(2), and for the purpose of paragraph 251(1)(a) as it applies for the purposes of those provisions, (a) in determining, at any time, whether two persons are related to each other or whether any person is controlled by any other person or group of persons, it shall be assumed that (i) each trust is a corporation having a capital stock of a single class of voting shares divided into 100 issued shares, and (ii) each beneficiary under a trust owned at that time the number of issued shares of that class determined by the formula A is the fair market value at that time of the beneficiary’s interest in the trust, and B is the total fair market value at that time of all beneficiaries’ interests in the trust; (b) in determining, at any time, the extent to which any person owns shares of the capital stock of a corporation, if at that time a trust resident in Canada owns (determined without reference to this paragraph) shares of the capital stock of the corporation, each beneficiary of the trust is deemed to own, and the trust is deemed not to own, at that time, the shares of each class of the capital stock of the corporation that are owned (determined without reference to this paragraph) by the trust, the number of which is determined by the formula is the total number of shares of the class of the capital stock of the corporation that are owned (determined without reference to this paragraph) by the trust at that time, is the fair market value, at that time, of the beneficiary’s interest in the trust, and is the total fair market value, at that time, of all beneficiaries’ interests in the trust; and (c) if a beneficiary’s share of the income or capital of a trust depends on the exercise by any person of, or the failure by any person to exercise, any discretionary power, then the amounts determined for A and B in paragraph (a), and for B and C in paragraph (b), in respect of the beneficiary are deemed to be equal to one, unless (i) the trust is resident in Canada, and (ii) it cannot reasonably be considered that one of the main reasons for the discretionary power is to limit the application of paragraph 128.1(1)(c.3) or subsection 212.3(2) or 219.1(2). [NOTE: Application provisions are not included in the consolidated text; see relevant amending acts and regulations.] Tax non-payable by non-resident person
(a) if the non-resident person is an individual, the non-resident person resides; or (b) if the non-resident person is a corporation, individuals who own more than 50% of its share capital (having full voting rights under all circumstances) reside.
Exception — personne non-résidente (1.3) Le paragraphe (1) ne s’applique pas relativement à la disposition d’une participation dans une société de personnes effectuée par un contribuable en faveur d’une personne visée à l’alinéa (1.1)b) si, à la fois : a) immédiatement avant l’acquisition de la participation par la personne non résidente et immédiatement après cette acquisition, des biens de la société de personnes sont utilisés dans le cadre de l’exploitation d’une entreprise par l’intermédiaire d’un ou de plusieurs établissements stables au Canada; b) la juste valeur marchande totale des biens visés à l’alinéa a) correspond à au moins 90 % de la juste valeur marchande de l’ensemble des biens de la société de personnes. Anti-évitement — dilution (1.4) Le paragraphe (1.5) s’applique relativement à la participation d’un contribuable dans une société de personnes, si, à la fois : a) il est raisonnable de conclure que l’un des objets d’une réduction ou modification de la participation a notamment pour objet de soustraire la participation à l’application du paragraphe (1); b) une opération, un événement ou une série d’opérations ou d’événements qui comprend la dilution, la réduction ou la modification comporte : (i) soit l’acquisition d’une participation dans la société de personnes par une personne ou une société de personnes visée à l’un des alinéas (1.1)a) à d), (ii) soit l’augmentation ou la modification d’une participation dans la société de personnes détenue par une personne ou une société de personnes visée à l’un de ces alinéas. Gain réputé — dilution (1.5) En cas d’application du présent paragraphe relativement à une participation donnée d’un contribuable dans une société de personnes, les règles ci-après s’appliquent au paragraphe (1) : a) le contribuable est réputé avoir disposé d’une participation dans la société de personnes au moment de la dilution, de la réduction ou de la modification; b) le contribuable est réputé tirer de la disposition un gain en capital égal à l’excédent de la juste valeur marchande de la participation donnée immédiatement avant la dilution, la réduction ou la modification sur sa Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this section, if 90% of the total of the received or receivable by a corporation that are required to be included in computing its income for a taxation year was received or receivable in respect of the operation by it of public utilities or from the mining, transporting and processing of ore, an amount received or receivable in that year from that corporation by another corporation shall, if it is required to be included in computing the receiving corporation’s income for the year, be deemed to have been received by the receiving corporation in respect of the operation by it of public utilities or from the mining, transporting and processing of ore by it in the country in which the public utilities were operated or the mining, transporting and processing of ore was carried out by the payer corporation. Corporation deemed to be foreign business corporation
exceeds (b) the total of Idem Impôt sur le revenu
For the purposes of this section, a corporation shall be deemed to be a foreign business corporation at a particular time if it would have been a foreign business corporation within the meaning of section 71 of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952 (as that section read in its application to the 1971 taxation year), for the taxation year of the corporation in which the particular time occurred, if that section had been applicable to that taxation year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; 1970-71-72, c. 63, s. 1"213".]
Income and capital combined
Where paragraph 16(1)(b) would, if Part I were applicable, result in a part of an amount being included in computing the income of a non-resident person, that part of the amount shall, for the purposes of this Part, be deemed to have been paid or credited to the non-resident person in respect of property, services or otherwise, depending on the nature of that part of the amount. Deemed payments
For the purposes of this Part, (a) where section 15 or subsection 56(2) would, if Part I were applicable, require an amount to be included in computing a taxpayer’s income, that amount shall be deemed to have been paid to the taxpayer as a dividend from a corporation resident in Canada; (b) where paragraph 56(1)(c) would, if Part I were applicable, require an amount to be included in computing an individual’s income, that amount shall be deemed to have been paid to the individual under an income-averaging annuity contract; (b.1) where paragraph 56(1)(y) would, if Part I were applicable, require an amount to be included in computing a taxpayer’s income, that amount shall be deemed to have been paid to the taxpayer to acquire an interest in a retirement compensation arrangement; (c) where, because of subsection 146(8.1), 146(8.8), 146(8.91), 146(9), 146(10) or 146(12), an amount would, if Part I applied, be required to be included in computing a taxpayer’s income, that amount shall be deemed to have been paid to the taxpayer as a payment under a registered retirement savings plan or an amended plan (within the meaning assigned by subsection 146(12)), as the case may be; (d) where, by virtue of subsection 147(10), 147(13) or 147(15), an amount would, if Part I were applicable, be required to be included in computing a taxpayer’s income, that amount shall be deemed to have been paid to the taxpayer as a payment under a deferred profit sharing plan or a plan referred to in subsection 147(15) as a “revoked plan”, as the case may be; (e) where subsection 130.1(2) would, if Part I were applicable, deem an amount received by a shareholder of a mortgage investment corporation to have been received by the shareholder as interest, that amount shall be deemed to have been paid to the shareholder as interest on a bond issued after 1971; (f) where subsection 104(13) would, if Part I were applicable, require any part of an amount payable by a trust in its taxation year to a beneficiary to be included in computing the income of the non-resident person who is a beneficiary of the trust, that part is deemed to be an amount paid or credited to that person as income of or from the trust (i) on, or at, the earliest of (A) the day on which the amount was paid or credited, (B) the day that is 90 days after the end of the taxation year, and (C) if the taxation year is deemed by subparagraph 128.1(4)(a)(i) to end after July 25, 2012, the time that is immediately before the end of the taxation year, and (ii) not at any later time; (f.1) where paragraph 132.1(1)(d) would, if Part I were applicable, require an amount to be included in computing a taxpayer’s income for a taxation year by reason of a designation by a mutual fund trust under subsection 132.1(1), that amount shall be deemed to be an amount paid or credited to that person as income of or from the trust on the day of the designation; (i) where, because of subsection 146.3(4), 146.3(6), 146.3(6.1), 146.3(7) or 146.3(11), an amount would, if Part I applied, be required to be included in computing a taxpayer’s income, that amount shall be deemed to have been paid to the taxpayer as a payment under a registered retirement income fund; (k) where, because of subsection 143.1(2), an amount distributed at any time by an amateur athlete trust would, if Part I were applicable, be required to be included in computing an individual’s income, that amount shall be deemed to have been paid at that time to the individual as a payment in respect of an amateur athlete trust; and (l) where, because of subsection 12(10.2), an amount would at any particular time, if Part I were applicable, be required to be included in computing a taxpayer’s income, that amount shall be deemed to have been paid by Her Majesty in right of Canada at that time to the taxpayer out of the taxpayer’s NISA Fund No. 2. Time of deemed payment (3.1) Except as otherwise expressly provided, each amount deemed by subsection 214(3) to have been paid shall be deemed to have been paid at the time of the event or transaction as a consequence of which the amount would, if Part I were applicable, be required to be included in computing a taxpayer’s income.
c) la personne ou la société de personnes visée à l’alinéa (1.4)(b) est réputée avoir acquis une participation dans la société de personnes dans le cadre de l’opération, de l’événement ou de la série d’opérations ou d’événements qui comprend la disposition visée à l’alinéa a). Gain tiré de la disposition d’une participation dans une société de personnes
Where, if section 76 were applicable in computing a non-resident person’s income, that section would require an amount to be included in computing the income, that amount shall, for the purpose of this Part, be deemed to have been, at the time the non-resident person received the security, right, certificate or other evidence of indebtedness, paid to the non-resident person on account of the debt in respect of which the non-resident person received it.
Dans le calcul du gain d’un contribuable, pour une année d’imposition, tiré de la disposition d’une participation dans une société de personnes, il doit être inclus, en plus du montant de ce gain, déterminé en vertu du paragraphe 40(1), l’excédent éventuel du total visé à l’alinéa a) sur le total visé à l’alinéa b): a) le total des sommes déductibles en vertu du paragraphe 53(2) dans le calcul du prix de base rajusté, pour le contribuable, de sa participation dans la société de personnes immédiatement avant la disposition; b) le total des montants suivants: (i) le coût de sa participation, supporté par le contribuable, déterminé pour le calcul du prix de base rajusté, pour le contribuable, de sa participation à ce moment, (ii) les sommes qui, aux termes du paragraphe 53(1), doivent dans le calcul du prix de base rajusté, pour le contribuable, de sa participation à ce moment, être ajoutées au coût, pour lui, de sa participation. Disposition d’une participation dans une société de personnes suite à une fusion (2.1) Dans le cas où, par suite d’une fusion ou d’une unification, la participation dans une société de personnes d’une société remplacée devient un bien de la nouvelle société qui est issue de la fusion ou de l’unification et laquelle la société remplacée n’était pas liée, la société remplacée est réputée avoir disposé de cette participation en faveur de la nouvelle société immédiatement avant la fusion ou l’unification pour un produit de disposition égal au prix de base rajusté de la participation pour la société remplacée au moment de la disposition et la nouvelle société est réputée l’avoir acquise auprès de la société remplacée immédiatement après ce moment à un coût égal à ce produit de disposition. Income Tax PART I Income Tax DIVISION B Computation of Income
Subsection 214(4) is enacted for greater certainty and shall not be construed as limiting the generality of the other provisions of this Part defining on which tax is payable. Deemed interest
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 100; 1998, c. 19, s. 126; 2001, c. 17, s. 76, 2012, c. 31, s. 22; 2013, c. 34, s. 420; 2017, c. 33, s. 34. Impôt sur le revenu
Where, in respect of interest stipulated to be payable, on a bond, debenture, bill, note, mortgage, hypothecary claim or similar obligation that has been assigned or otherwise transferred by a non-resident person to a person resident in Canada, subsection 20(14) would, if Part I were applicable, require an amount to be included in computing the transferor’s income, that amount is, for the purposes of this Part, deemed to be a payment of interest on that obligation made by the transferee to the transferor at the time of the assignment or other transfer of the obligation, if (a) the obligation was issued by a person resident in Canada; (b) the obligation was not an obligation described in paragraph 214(8)(a) or 214(8)(b); and (c) the assignment or other transfer is not an assignment or other transfer referred to in paragraph 214(7.1)(b). (a) a non-resident person has at any time assigned or otherwise transferred to a person resident in Canada a bond, debenture, bill, note, mortgage, hypothecary claim or similar obligation issued by a person resident in Canada, (b) the obligation was not an excluded obligation, and (c) the assignment or other transfer is not an assignment or other transfer referred to in paragraph 214(7.1)(b), the amount, if any, by which (d) the price for which the obligation was assigned or otherwise transferred at that time, (e) the price for which the obligation was issued, shall, for the purposes of this Part, be deemed to be a payment of interest on that obligation made by the person resident in Canada to the non-resident person at that time. (a) a person resident in Canada has at a particular time assigned or otherwise transferred an obligation to a non-resident person, (b) the non-resident person has at a subsequent time assigned or otherwise transferred the obligation back to the person resident in Canada, and (c) subsection 214(6) or 214(7) would apply with respect to the assignment or other transfer referred to in paragraph 214(7.1)(b), if those subsections were read without reference to paragraphs 214(6)(c) and 214(7)(c), the amount, if any, by which (d) the price for which the obligation was assigned or otherwise transferred at the subsequent time, (e) the price for which the obligation was assigned or otherwise transferred at the particular time, shall, for the purposes of this Part, be deemed to be a payment of interest on that obligation made by the person resident in Canada to the non-resident person at the subsequent time. (a) that is described in paragraph (a) of the definition fully exempt interest in subsection 212(3), or on which the interest would have been exempt under subparagraph 212(1)(b)(iii) or (vii) as they applied to the 2007 taxation year; (b) that is prescribed to be a public issue security; or (c) that is not an indexed debt obligation and that was issued for an amount not less than 97% of the principal amount thereof, and the yield from which, expressed in terms of an annual rate on the amount for which the obligation was issued (which annual rate shall, if the terms of the obligation or any agreement relating thereto conferred on the holder thereof a right to demand payment of the principal amount of the obligation or the amount outstanding as or on account of the principal amount thereof, as the case may be, before the maturity of the obligation, be calculated on the basis of the yield that produces the highest annual rate obtainable either on the maturity of the obligation or conditional on the exercise of any such right) does not exceed 4/3 of the interest stipulated to be payable on the obligation, expressed in terms of an annual rate on (i) the principal amount thereof, if no amount is payable on account of the principal amount before the maturity of the obligation, and (ii) the amount outstanding from time to time as or on account of the principal amount thereof, in any other case. Deemed resident (a) the assignment or other transfer of an obligation to a non-resident person carrying on business in Canada would be described in subsection 214(6) or 214(7) if those subsections were read without reference to paragraphs 214(6)(c) and 214(7)(c) and if that non-resident person were a person resident in Canada, and (b) that non-resident person (i) may deduct, under subsection 20(14), in computing the non-resident person’s taxable income earned in Canada for a taxation year an amount in respect of interest on the obligation, or (ii) may deduct, under Part I, in computing the non-resident person’s taxable income earned in Canada for a taxation year an amount in respect of any amount paid on account of the principal amount of the obligation, the non-resident person shall, with respect to the assignment or other transfer of the obligation, be deemed, for the purposes of this Part, to be a person resident in Canada. Reduction of tax
Where a non-resident person has assigned or otherwise transferred to a person resident in Canada an obligation (a) on which an amount of interest was deemed by subsection 214(6) or 214(7) to have been paid, and (b) that the non-resident person had previously acquired from a person resident in Canada, the amount of the tax under this Part that the non-resident person is liable to pay in respect thereof shall be deemed, for the purpose of subsection 227(6), to be that proportion of the tax the non-resident person would otherwise have been liable to pay in respect thereof that (c) the number of days in the period commencing with the day the obligation was last acquired by the non-resident person from a person resident in Canada and ending with the day the obligation was last assigned or otherwise transferred by the non-resident person to a person resident in Canada is of (d) the number of days in the period commencing with the day the obligation was issued and ending with the day the obligation was last assigned or otherwise transferred by the non-resident person to a person resident in Canada.
Subsection 214(2) does not apply in respect of a payment to a non-resident person under any obligation in respect of which that person is liable to pay tax under this Part by reason of subsection 214(7) or 214(7.1). Regulations respecting residents
The Governor in Council may make general or special regulations, for the purposes of this Part, prescribing (a) who is or has been at any time resident in Canada; (b) where a person was resident in Canada as well as in some other place, what amounts are taxable under this Part; and (c) where a non-resident person carried on business in Canada, what are taxable under this Part or what portion of the tax under this Part is payable by that person.
c) la somme aurait été visée au sous-alinéa 53(1)e)(iv) si le contribuable avait été un associé de la société de personnes au moment du versement; d) la somme est versée en exécution de l’obligation légale du contribuable de la verser. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 100; 1998, ch. 19, art. 126; 2001, ch. 17, art. 76; 2012, ch. 31, art. 22; 2013, ch. 34, art. 420; 2017, ch. 33, art. 34. Disposition d’un fonds de terre utilisé dans une exploitation agricole d’une société de personnes 101 Lorsque, à la fin d’une année d’imposition d’une société de personnes, un contribuable en est un associé et que, au cours de cette année la société de personnes dispose d’un fonds de terre utilisé dans une exploitation agricole de la société de personnes, la moitié du total des montants dont chacun représente le revenu net du contribuable résultant de l’exploitation agricole pour une année d’imposition de la société de personnes se termine après 1971 sont déduites dans le calcul du revenu du contribuable pour l’année d’imposition au cours de laquelle l’année d’imposition de la société de personnes se termine, dans la mesure où la perte, à la fois : a) n’était pas, en raison de l’article 31, déductible dans le calcul du revenu du contribuable pour l’année; b) n’a pas été déduite dans le calcul du revenu imposable du contribuable pour son année d’imposition au cours de laquelle s’est terminée l’année d’imposition de la société de personnes au cours de laquelle il a été disposé du fonds de terre, ou pour toute année d’imposition antérieure du contribuable; c) n’a pas dépassé la fraction du total des montants suivants : (i) les impôts (autres que les impôts sur le revenu ou sur les bénéfices ou les impôts établis relativement au transfert du bien) payés par la société de personnes, au cours de son année d’imposition se terminant au cours de l’année, ou qu’elle doit payer pour cette année d’imposition, à une province ou à une municipalité canadienne relativement à ce bien, (ii) les intérêts payés par la société de personnes, au cours de son année d’imposition se terminant au cours de l’année, ou qu’elle doit payer pour cette année d’imposition, conformément à une obligation légale de payer des intérêts sur l’argent emprunté utilisé pour l’acquisition du bien ou sur toute (d) did not exceed the remainder obtained when [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 101; 2001, c. 17, s. 77. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1970-71-72, c. 63, s. 1"102"; 1986, c. 55, s. 27. somme, à titre de contrepartie, payable pour ce bien, (dans la mesure où ces impôts et intérêts ont été inclus dans le calcul de la perte subie par la société de personnes pour cette année d’imposition, résultant de l’exploitation agricole) représentée par le rapport entre : (iii) d’une part, la perte subie par le contribuable, pour l’année, résultant de l’exploitation agricole, (iv) d’autre part, la perte subie par la société de personnes, pour son année d’imposition se terminant au cours de l’année, et résultant de l’exploitation agricole; d) n’a pas dépassé le reste obtenu lorsque : (i) le total de chacune des pertes subies par le contribuable, du fait de l’exploitation agricole, pour les années d’imposition précédentes (dans la mesure où ces sommes sont incluses dans le calcul de la somme déterminée en vertu du présent article à l’égard du contribuable), est déduit de : (ii) du double du gain en capital imposable du contribuable, tiré de la disposition du fonds de terre. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent texte codifié; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 101; 2001, ch. 17, art. 77. Définition de société de personnes canadienne 102 (1) Pour l’application de la présente sous-section, une société de personnes canadienne est une société de personnes dont tous les associés résident au Canada au moment considéré. Associé d’une société de personnes
For the purposes of this section, any transaction or event by which an obligation held by a non-resident person is redeemed in whole or in part or is cancelled shall be deemed to be an assignment of the obligation by the non-resident person. Standby charges and guarantee fees
Pour l’application de la présente sous-section, la mention d’une personne ou d’un contribuable qui est un associé d’une société de personnes vaut également mention d’une société de personnes qui fait partie de la société de personnes. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent texte codifié; voir les lois et règlements modificatifs appropriés.] 1970-71-72, ch. 63, art. 1"102"; 1986, ch. 55, art. 27. Entente au sujet du partage des revenus, etc. visant à réduire l’impôt ou en différer le paiement 103 (1) Lorsque les associés d’une société de personnes sont convenus de partager en proportions déterminées tout revenu ou perte de la société de personnes provenant d’une source donnée ou de sources situées dans un Income Tax PART I Income Tax DIVISION B Computation of Income Sections 103-104 SUBDIVISION K Impôt sur le revenu
For the purposes of this Part, (a) where a non-resident person has entered into an agreement under the terms of which the non-resident person agrees to guarantee the repayment, in whole or in part, of the principal amount of a bond, debenture, bill, note, mortgage, hypothecary claim or similar obligation of a person resident in Canada, any amount paid or credited as consideration for the guarantee is deemed to be a payment of interest on that obligation; and (b) where a non-resident person has entered into an agreement under the terms of which the non-resident person agrees to lend money, or to make money available, to a person resident in Canada, any amount paid or credited as consideration for so agreeing to lend money or to make money available shall, if the non-resident person would be liable to tax under this Part in respect of interest payable on any obligation issued under the terms of the agreement on the date it was entered into, be deemed to be a payment of interest. (a) an amount paid or credited as interest by a corporation resident in Canada, or by a partnership, in a taxation year of the corporation to a non-resident person is deemed to have been paid by the corporation as a dividend, and not to have been paid or credited by the corporation or the partnership as interest, to the extent that an amount in respect of the interest (i) is not deductible in computing the income of the corporation for the year because of subsection 18(4), or (ii) is included in computing the income of the corporation for the year under paragraph 12(1)(l.1); and (b) to the extent that amounts paid or credited to a non-resident person in the year are deemed by paragraph (a) to have been paid by a corporation as dividends, the corporation may designate in its return of income under Part I for the year which amounts paid or credited as interest to the non-resident person in the year are deemed to have been paid as dividends and not as interest. Deemed interest payments (a) interest payable (other than interest payable pursuant to a legal obligation to pay interest on an amount of interest) by a corporation resident in Canada, or by a partnership, in respect of a taxation year of the corporation, that has not been paid or credited in the year, is deemed to have been paid immediately before the end of the year and not to have been paid or credited at any other time; and (b) if subsection (6) or (7) deems a payment of interest to have been made to a non-resident person in respect of a debt or other obligation of a corporation, interest that, at the time of the transfer or assignment, is payable by the corporation in respect of the debt or other obligation and has not been paid or credited is deemed to have been paid by the corporation immediately before that time to the non-resident person. Hybrid mismatch arrangements — deemed dividend
For the purposes of this Part, an amount paid or credited as interest by a corporation resident in Canada in a taxation year of the corporation to a non-resident person is deemed to have been paid by the corporation as a dividend, and not to have been paid or credited by the corporation as interest, to the extent that an amount in respect of the interest is not deductible in computing the income of the corporation for the year because of subsection 18.4(4). Withholding and remittance of tax
Exception - corporate immigration (1.1) Subsection (1) does not apply in respect of a dividend deemed to be paid under paragraph 128.1(1)(c.1) by
a corporation to a non-resident corporation with which the corporation was dealing at arm’s length.
endroit déterminé ou tout autre montant qui se rapporte à une activité quelconque de la société de personnes et qui doit entrer en ligne de compte dans le calcul du revenu ou du revenu imposable de tout associé de cette société de personnes et lorsqu’il est raisonnable de considérer que cette convention a pour objet principal de réduire les impôts ou de différer le paiement des impôts qui auraient pu être ou devenir payables par ailleurs en vertu de la présente loi, la part du revenu ou de la perte, selon le cas, ou de l’autre montant, revenant à chaque associé de la société de personnes est le montant qui est raisonnable, compte tenu des circonstances, y compris les proportions dans lesquelles les associés conviennent de partager les profits et les pertes de la société de personnes provenant d’autres sources ou de sources à d’autres endroits. Entente au sujet des revenus, etc. en proportions déraisonnables (1.1) Lorsque plusieurs associés d’une société de personnes qui ont, entre eux, un lien de dépendance conviennent de partager tout revenu ou toute perte de la société de personnes ou tout autre montant se rapportant à une activité de la société de personnes qui doit entrer en ligne de compte dans le calcul du revenu ou du revenu imposable de ces associés et que la part revenant à l’un de ces associés n’est pas raisonnable dans les circonstances, compte tenu du capital qu’il a investi dans la société de personnes ou du travail qu’il a accompli pour elle ou de tout autre facteur pertinent, cette part est réputée, indépendamment de toute convention, être le montant qui est raisonnable dans les circonstances. Définition de pertes
Where an amount on which an income tax is payable under this Part is paid or credited by an agent or other person on behalf of the debtor either by way of redemption of bearer coupons or warrants or otherwise, the agent or other person by whom the amount was paid or credited shall, notwithstanding any agreement or law to the contrary, deduct or withhold and remit the amount of the tax and shall submit therewith a statement in prescribed form as required by subsection 215(1) and shall thereupon, for purposes of accounting to or obtaining reimbursement from the debtor, be deemed to have paid or credited the full amount to the person otherwise entitled to payment.
Pour l’application du présent article, le mot pertes dans l’expression « profits et pertes » s’entend du montant des pertes calculé compte non tenu des autres dispositions de la présente loi. [NOTE : Les dispositions d’application ne sont pas incluses dans le texte consolidé; voir les lois et règlements modificatifs pertinents.] 1970-71-72, ch. 63, art. 1 « 103 »; 1980-81-82-83, ch. 48, art. 53.
Where an amount on which an income tax is payable under this Part was paid or credited to an agent or other person for or on behalf of the person entitled to payment without the tax having been deducted or withheld under subsection 215(1), the agent or other person shall, notwithstanding any agreement or law to the contrary, deduct or withhold therefrom the amount of the tax and forthwith remit that amount to the Receiver General on behalf of the person entitled to payment in payment of the tax and shall submit therewith a statement in prescribed form, and the agent or other person shall thereupon, for purposes of accounting to the person entitled to payment, be deemed to have paid or credited that amount to that person. Regulations creating exceptions
Les fiducies et leurs bénéficiaires Fiducie ou succession 104 (1) Dans la présente loi, la mention d’une fiducie ou d’une succession (appelée « fiducie » à la présente sous-section) vaut également mention, sauf indication contraire du contexte, du fiduciaire, de l’exécuteur testamentaire, de l’administrateur successoral, du liquidateur de succession, de l’héritier ou d’un autre représentant légal ayant la propriété ou le contrôle des biens de la fiducie. Toutefois, sauf pour l’application du présent Income Tax PART I Income Tax DIVISION B Computation of Income
The Governor in Council may make regulations with reference to any non-resident person or class of non-resident persons who carries or carry on business in Canada, providing that subsections 215(1) to 215(3) are not applicable to amounts paid to or credited to that person or those persons and requiring the person or persons to file an annual return on a prescribed form and to pay the tax imposed by this Part within a time limited in the regulations. Regulations reducing deduction or withholding
(e) any combination of rights described in paragraphs (a) to (d). Impôt sur le revenu
The Governor in Council may make regulations in respect of any non-resident person or class of non-resident persons to whom any amount is paid or credited as, on account of, in lieu of payment of or in satisfaction of, any amount described in any of paragraphs 212(1)(h), (j) to (m) and (q) reducing the amount otherwise required by any of subsections (1) to (3) to be deducted or withheld from the amount so paid or credited. Liability for tax
Where a person has failed to deduct or withhold any amount as required by this section from an amount paid or credited or deemed to have been paid or credited to a non-resident person, that person is liable to pay as tax under this Part on behalf of the non-resident person the whole of the amount that should have been deducted or withheld, and is entitled to deduct or withhold from any amount paid or credited by that person to the non-resident person or otherwise recover from the non-resident person any amount paid by that person as tax under this Part on behalf thereof. Alternatives re rents and timber royalties
(a) the non-resident person were a person resident in Canada and not exempt from tax under section 149; (b) the non-resident person’s income from the non-resident person’s interest in real property, or real right in immovables, in Canada and interest in, or real right law right in, timber resource properties and timber limits in Canada, and the non-resident person’s share of the income of a partnership of which the non-resident person was a member from its interest in real property, or real right in immovables, in Canada and
interest in, or for civil law right in, timber resource properties and timber limits in Canada, were the non-resident person’s only income; (c) the non-resident person were entitled to no deductions from income for the purpose of computing the non-resident person’s taxable income; (d) the non-resident person were entitled to no deductions under sections 118 to 118.9 in computing the non-resident person’s tax payable under Part I for the year; and (e) the definitions eligible group entity, excluded entity and fixed interest commercial trust in subsection 18.2(1) and section 18.21 do not apply in computing the non-resident person’s income.
paragraphe, du paragraphe (1.1), de l’article 150, du sous-alinéa b)(v) de la définition de disposition au paragraphe 248(1) et de l’alinéa k) de cette définition, l’arrangement dans le cadre duquel il est raisonnable de considérer qu’une fiducie agit en qualité de mandataire de l’ensemble de ses bénéficiaires pour ce qui est des opérations portant sur ses biens est réputé ne pas être une fiducie, sauf si la fiducie visée à l’un des alinéas a) à e.1) de la définition de fiducie au paragraphe 108(1). Sens restreint de bénéficiaire (1.1) Malgré le paragraphe 248(25), pour l’application du paragraphe (1), de l’alinéa (4)a.4), du sous-alinéa 73(1.02)b)(ii) et de l’alinéa 107.4(1)e), une personne ou une société de personnes est réputée ne pas être le bénéficiaire d’une fiducie à un moment donné si elle a un intérêt bénéficiaire dans la fiducie à ce moment et n’existe qu’en raison de l’un des droits suivants : a) un droit pouvant découler des dispositions du testament ou autre instrument testamentaire d’un particulier qui est bénéficiaire de la fiducie à ce moment; b) un droit pouvant découler de la loi régissant le décès d’un particulier qui est bénéficiaire de la fiducie à ce moment; c) un droit à titre d’actionnaire, prévu par les modalités des actions du capital-actions d’une société qui est bénéficiaire de la fiducie à ce moment; d) un droit à titre d’associé d’une société de personnes, prévu par les modalités du contrat de société, si la société de personnes est bénéficiaire de la fiducie à ce moment; e) plusieurs des droits visés aux alinéas a) à d). Impôt à titre de particulier
Where a non-resident person has filed a return of income under Part I as permitted by this section, the amount deducted under this Part from (a) rent on real or immovable property or from timber royalties paid to the person, and (b) the person’s share of the rent on real or immovable property or from timber royalties paid to a partnership of which the person is a member and remitted to the Receiver General shall be deemed to have been paid on account of tax under this section and any portion of the amount so remitted to the Receiver General in a taxation year on the person’s behalf in excess of the person’s liability for tax under this Act for the year shall be refunded to the person.
Pour l’application de la présente loi, et sans que le assujettissement du fiduciaire ou des représentants légaux à leur propre impôt sur le revenu en découle, une fiducie est réputée être un particulier relativement aux biens de la fiducie; mais lorsqu’il existe plus d’une fiducie et que : a) d’une part, dans l’ensemble, tous les biens des diverses fiducies proviennent d’une seule personne; b) d’autre part, les diverses fiducies sont telles que le revenu en découlant revient ou reviendra finalement au même bénéficiaire ou groupe ou catégorie de bénéficiaires, Income Tax PART I Income Tax DIVISION B Computation of Income
Part I is applicable, with such modifications as the circumstances require, to payment of tax under this section. Optional method of payment
(a) where the trust Impôt sur le revenu
If a non-resident person or, in the case of a partnership, each non-resident person who is a member of the partnership files with the Minister an undertaking in prescribed form to file within six months after the end of a taxation year a return of income under Part I for the year as permitted by this section, a person who is otherwise required by subsection 215(3) to remit in the year, in respect of the non-resident person or the partnership, an amount to the Receiver General in payment of tax on rent on real or immovable property or on a timber royalty may elect under this section not to remit under that subsection, and if that election is made, the elector shall, (a) when any amount is available out of the rent or royalty received for remittance to the non-resident person or the partnership, as the case may be, deduct 25% of the amount available and remit the amount deducted to the Receiver General on behalf of the non-resident person or the partnership on account of the tax under this Part; and (b) if the non-resident person or, in the case of a partnership, a non-resident person who is a member of the partnership (i) does not file a return for the year in accordance with the undertaking, or (ii) does not pay under this section the tax the non-resident person or member is liable to pay for the year within the time provided for payment, pay to the Receiver General, on account of the non-resident person’s or the partnership’s tax under this Part, on the expiration of the time for filing or payment, as the case may be, the full amount that the elector would otherwise have been required to remit in the year in respect of the rent or royalty minus that the elector has remitted in the year under paragraph 216(4)(a) in respect of the rent or royalty. Optional method of payment (4.1) If a trust is deemed by subsection 94(3) to be resident in Canada for a taxation year for the purpose of computing the trust’s income for the year, a person who is otherwise required by subsection 215(3) to remit in the year, in respect of the trust, an amount to the Receiver General in payment of tax on rent on real or immovable property or on a timber royalty may elect in prescribed form filed with the Minister under this subsection not to remit under subsection 215(3) in respect of amounts received after the election is made, and if that election is made, the elector shall, (a) when any amount is available out of the rent or royalty received for remittance to the trust, deduct 25% of the amount available and remit the amount deducted to the Receiver General on behalf of the trust on account of the trust’s tax under Part I; and (b) if the trust does not file a return for the year as required by section 150, or does not pay the tax that the trust is liable to pay under Part I for the year within the time required by that Part, on the expiration of the time for filing or payment, as the case may be, pay to the Receiver General, on account of the trust’s tax under Part I, the amount by which the full amount that the elector would otherwise have been required to remit in the year in respect of the rent or royalty exceeds the amounts that the elector has remitted in the year under paragraph (a) in respect of the rent or royalty. Disposition by non-resident
If a person or a trust under which a person is a beneficiary has filed a return of income under Part I for a taxation year as permitted by this section or as required by section 150 and, in computing the amount of the person’s income under Part I an amount has been deducted under paragraph 20(1)(a), or is deemed by subsection 107(2) to have been allowed under that paragraph, in respect of property that is real property in Canada — or an interest therein or an immovable in Canada — or a real right therein —, a timber resource property or a timber limit in Canada, and the person disposes of the income under Part I in prescribed form on or before the person’s filing-due date for any subsequent taxation year in which the person is non-resident and in which the person, or a partnership of which the person is a member, disposes of that property or any interest, or for civil law any right, in it. On so filing and without affecting the person’s liability for tax otherwise payable under Part I, the person is, in lieu of paying tax under this Part on any amount paid, or deemed by this Part to have been paid, in that subsequent taxation year in respect of any interest in, or for civil law any right in, that property to the person or to a partnership of which the person is a member, liable to pay tax under Part I for that subsequent taxation year as though (a) the person were a person resident in Canada and not exempt from tax under section 149; (b) the person’s income from the person’s interest in real property, or real right in immovables, in Canada or interest in, or for civil law right in, timber resource properties and timber limits in Canada, and the person’s share of the income of a partnership of which the person was a member from its interest in real property, or real right in immovables, in Canada or interest in, or for civil law right in, timber resource properties and timber limits in Canada, were the person’s only income; (c) the person were entitled to no deductions from income for the purpose of computing the person’s taxable income; and (d) the person were entitled to no deductions under sections 118 to 118.9 in computing the person’s tax payable under Part I for the year.
Subsection 216(5) does not apply to require a non-resident person (a) to file a return of income under Part I for a taxation year unless, by filing that return, there would be included in computing the non-resident person’s income under Part I for that year an amount by virtue of section 13; or (b) to include in computing the non-resident person’s income for a taxation year any amount to the extent that that amount has been included in computing the non-resident person’s taxable income earned in Canada for that taxation year by virtue of any provision of this Act other than subsection 216(5). Restriction on deduction
For greater certainty, in determining the amount of tax payable by a non-resident person under Part I for a taxation year by reason of subsection 216(1) or 216(5), no deduction in computing the non-resident person’s income or tax payable under Part I for the year shall be made to the extent that such a deduction by non-resident persons is not permitted under Part I. Alternative re: acting services
ceux des fiduciaires que le ministre peut désigner sont réputés, pour l’application de la présente loi, relativement à toutes les fiducies, un particulier dont les biens sont les biens de toutes les fiducies et dont le revenu est le revenu de toutes les fiducies. Présomption de disposition par une fiducie
(a) files with the Minister, on or before the person’s filing-due date for the year, a return of income under Part I for the year; and (b) elects in the return to have this section apply for the year. Deemed Part I payment
Toute fiducie est réputée, à la fin de chacun des jours ci-après, avoir disposé de chacun de ses biens (sauf les biens exonérés) qui constituaient une immobilisation (sauf un bien amortissable) ou un fonds de terre compris dans les biens à porter à l’inventaire d’une de ses entreprises, pour un produit égal à la juste valeur marchande du bien (déterminée par rapport au paragraphe 70(5.3)) à la fin de ce jour, et avoir acquis le bien de nouveau immédiatement après ce jour pour un montant égal à cette valeur. Pour l’application de la présente loi, ces jours sont : a) le jour du décès de l’époux ou du conjoint de fait où, en cas d’application des divisions (ii.1)(A), (B) ou (C), leur retour d’impôt, il est postérieur, le jour du décès de l’époux ou du conjoint de fait, lorsque la fiducie : (i) soit une fiducie établie par le testament d’un contribuable décédé après 1971 et qui, au moment où elle a été établie, était une fiducie dans le cadre de laquelle : (A) d’une part, l’époux ou le conjoint de fait du contribuable avait le droit de recevoir sa vie durant tous les revenus de la fiducie, (B) d’autre part, nulle autre personne que l’époux ou le conjoint de fait ne pouvait, avant le décès de celui-ci, recevoir tout ou partie du revenu ou du capital de la fiducie, ou autrement en obtenir l’usage, (i.1) soit une fiducie qui a été établie par le testament d’un contribuable décédé après 1971 et à laquelle des biens ont été transférés dans les circonstances visées aux alinéas 70(5.2)c) ou, s’il s’agit d’un transfert effectué au cours d’une année d’imposition antérieure à 2007, aux alinéas b) ou d), dans leur version applicable à cette année d’imposition ou (6)d), et qui, immédiatement après que le bien lui a été dévolu irrévocablement par suite du décès du contribuable, était une fiducie présentant les caractéristiques visées aux divisions (i)(A) et (B), (ii) soit une fiducie établie après le 17 juin 1971 par un contribuable pendant sa vie et qui, à un moment après 1971, était une fiducie présentant les caractéristiques visées aux divisions (ii)(A) et (B), (ii.1) soit une fiducie (sauf celle dont les modalités sont visées à la division (A) qui choisit de se soustraire à l’application du présent sous-alinéa, dans la déclaration de revenu qu’elle produit en vertu de la présente partie pour sa première année d’imposition) qui a été établie après 1999 par un contribuable pendant sa vie et qui, après 1999, était soit une fiducie présentant les caractéristiques visées aux divisions (i)(A) et (B), soit une fiducie établie après que le contribuable a atteint l’âge de 65 ans et dans le cadre de laquelle, selon le cas : (A) le contribuable avait le droit de recevoir sa vie durant tous les revenus de la fiducie, et nul autre personne ne lui pouvait, avant le décès de celui-ci, recevoir une partie quelconque du revenu ou du capital de la fiducie ni autrement en obtenir l’usage; (B) le contribuable et son époux avaient tous deux le droit leur vie durant de recevoir tous les revenus de la fiducie, et nul autre personne ne pouvait, avant le décès du contribuable ou, s’il est postérieur, le décès de l’époux, recevoir une partie quelconque du revenu ou du capital de la fiducie ni autrement en obtenir l’usage; (C) le contribuable et son conjoint de fait avaient tous deux le droit leur vie durant de recevoir tous les revenus de la fiducie, et nul autre personne ne pouvait, avant le décès du contribuable ou, s’il est postérieur, le décès du conjoint de fait, recevoir une partie quelconque du revenu ou du capital de la fiducie ni autrement en obtenir l’usage; a.1) lorsque la fiducie est, le 1er janvier 1993, une fiducie au profit de l’époux ou conjoint de fait antérieure à 1972 et que l’époux ou conjoint de fait visé à la définition de fiducie au profit de l’époux ou conjoint de fait antérieure à 1972, au paragraphe 108(1), relativement à la fiducie était vivant le 1er janvier 1976, s’il s’agit d’une fiducie établie par le testament d’un contribuable, ou le 26 mai 1976, s’il s’agit d’une fiducie établie par un contribuable de son vivant, le dernier en date des jours suivants : (i) le jour du décès de cet époux ou conjoint de fait, (ii) le 1er janvier 1993; a.2) lorsque la fiducie effectue une distribution à un bénéficiaire au titre de la participation de celui-ci à son capital, qu’il est raisonnable de conclure que la distribution a été financée par une dette de la fiducie et que l’une des raisons pour lesquelles la dette a été Depreciable property contractée était d’éviter des impôts payables par ailleurs en vertu de la présente partie par suite du décès d’un particulier, le jour où la distribution est effectuée (déterminé comme si, pour la fiducie, la fin d’un jour correspondait au moment immédiatement après celui où elle distribue un bien à un bénéficiaire au titre de la participation de celui-ci à son capital); a.3) lorsqu’un bien (sauf un bien visé à l’un des sous-alinéas 128.1(4)(b)(i) à (iii)) a été transféré par un contribuable à la fiducie après le 17 décembre 1999 dans les circonstances visées au paragraphe 73(1), qu’il est raisonnable de conclure que le bien a été ainsi transféré en prévision de la cessation de la résidence du contribuable au Canada et que le contribuable cesse ultérieurement d’y résider, le premier jour postérieur au transfert, au cours duquel le contribuable cesse de résider au Canada (déterminé comme si, pour la fiducie, la fin d’un jour correspondait au moment immédiatement après chaque moment où le contribuable cesse de résider au Canada); a.4) lorsque la fiducie est une fiducie à laquelle un contribuable qui est particulier (mais non une fiducie) a transféré un bien dans les circonstances visées à l’article 73 ou au paragraphe 107.4(3), que le transfert n’a donné lieu à aucun changement de propriété effective de ce bien et qu’aucune personne (sauf le contribuable) ni société de personnes n’a de droit absolu ou conditionnel à titre de bénéficiaire de la fiducie (déterminé par rapport au paragraphe (1.1)), le jour du décès du contribuable; b) le jour qui tombe 21 ans après le dernier en date des jours suivants : (i) le 1er janvier 1972, (ii) le jour où la fiducie a été établie, (iii) le cas échéant, le jour déterminé selon les alinéas a), a.1) ou a.4), dans leurs versions applicables après 1971; c) le jour qui suit de 21 ans le jour (sauf celui déterminé selon l’un des alinéas a) à a.4)) qui est, par l’effet du présent paragraphe, un jour où la fiducie est réputée avoir disposé de chacun de ces biens. Biens amortissables
If in respect of a particular amount paid, credited or provided in a taxation year, a non-resident person has complied with paragraphs (1)(a) and (b), any amount deducted or withheld and remitted to the Receiver General on behalf of the person on account of tax under subsection 212(5.1) in respect of the particular amount is deemed to have been paid on account of the person’s tax under Part I. Deemed election and restriction
Toute fiducie est réputée, à la fin de chaque jour déterminé à son égard selon le paragraphe (4), avoir disposé de chacun de ces biens (sauf les biens exonérés) qui constituaient un bien amortissable d’une catégorie prescrite. Income Tax PART I Income Tax DIVISION B Computation of Income
Where a corporation payment (within the meaning assigned by subsection 212.5(2)) has been made to a non-resident corporation in respect of an actor and at any time the corporation makes an actor payment (within the meaning assigned by subsection 212.5(2)) to or for the benefit of the actor, if the corporation makes an election under subsection (1) for the taxation year in which the corporation payment is made, the actor is deemed to make an election under subsection (1) for the taxation year of the actor in which the corporation makes the actor payment. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2001, c. 17, s. 175. Alternative re Canadian benefits
Resource property Impôt sur le revenu
No tax is payable under this Part in respect of a non-resident person’s Canadian benefits for a taxation year if the person (a) files with the Minister, within 6 months after the end of the year, a return of income under Part I for the year; and (b) elects in the return to have this section apply for the year. Taxable income earned in Canada
Where a non-resident person elects under paragraph (2)(b) for a taxation year, for the purposes of Part I (a) the person is deemed to have been employed in Canada in the year; and (b) the person’s taxable income earned in Canada for the year is deemed to be the greater of (i) the amount that would, but for subparagraph (ii), be the person’s taxable income earned in Canada for the year if (A) paragraph 115(1)(a) included the following subparagraph after subparagraph (i): “(i.1) the non-resident person’s Canadian benefits for the year, within the meaning assigned by subsection 217(1),”; and (B) paragraph 115(1)(f) were read as follows: “(f) such of the other deductions permitted for the purpose of computing taxable income as can reasonably be considered wholly applicable to the amounts described in subparagraphs (a)(i) to (vi).”; and (ii) the person’s income (computed without reference to subsection 56(8)) for the year minus the total of the other deductions permitted for the purpose of computing taxable income as can reasonably be considered wholly applicable to the amounts described in subparagraphs 115(1)(a)(i) to (vi).
Sections 118 to 118.91 and 118.94 do not apply in computing the tax payable under Part I for a taxation year by a non-resident person who elects under paragraph (2)(b) for the year, unless (a) where section 114 applies to the person for the year, all or substantially all of the person’s income for the year is included in computing the person’s taxable income for the year; or (b) in any other case, all or substantially all of the person’s income for the year is included in computing the amount determined under subparagraph (3)(b)(ii) in respect of the person for the year.
prescrite, pour un produit égal à la juste valeur marchande du bien à la fin de ce jour, et avoir acquis le bien de nouveau immédiatement après ce jour à un coût en capital présumé égal à cette valeur. Toutefois : a) lorsque le coût en capital réel du bien pour la fiducie immédiatement avant la fin de ce jour excède son coût en capital présumé pour elle, les présomptions suivantes s’appliquent aux fins des articles 13 et 20 et des dispositions réglementaires prises en application de l’alinéa 20(1)a), tels qu’ils s’appliquent au bien ultérieurement : (i) le coût en capital du bien pour la fiducie au moment où elle est réputée avoir acquis de nouveau est réputé correspondre au coût en capital réel du bien pour elle, (ii) l’excédent est réputé avoir été accordé à la fiducie comme déduction relative au bien en application de l’alinéa 20(1)a) dans le calcul de son revenu pour les années d’imposition qui se sont terminées avant qu’elle acquière le bien de nouveau; b) pour l’application du présent paragraphe, la mention « à la fin de l’année » au paragraphe 13(1) est remplacée par « au moment particulier où une fiducie est réputée par le paragraphe 104(5) avoir disposé d’un bien amortissable d’une catégorie prescrite »; c) pour le calcul de l’excédent visé au paragraphe 13(1) à la fin de l’année d’imposition d’une fiducie qui a été inclus dans la fiducie pour l’année d’imposition en application du paragraphe 13(1), tel qu’il s’applique selon l’alinéa b), est réputé être un montant inclus, en application de l’article 13, dans le revenu de la fiducie pour une année d’imposition antérieure. Second fonds du compte de stabilisation du revenu (5.1) Lorsqu’une fiducie détient un droit dans un second fonds du compte de stabilisation du revenu net, qui a été transféré dans les circonstances visées à l’alinéa 70(6.1)b), une somme égale au solde du fonds transféré est réputée, à la fin du jour du décès de l’époux ou du conjoint de fait mentionné à l’alinéa 70(6.1)b), avoir été payée à la fiducie sur le fonds. Avoirs miniers (5.2) Lorsque, à la fin d’un jour déterminé à l’égard d’une fiducie selon le paragraphe (4), celle-ci est (a) for the purposes of applying subsections 104(4) to 104(5.2) after the particular time, Income Tax PART I Income Tax DIVISION B Computation of Income
In computing the tax payable under Part I for a taxation year by a non-resident person to whom neither paragraph (4)(a) nor paragraph (4)(b) applies for the year there may, notwithstanding section 118.94 and subsection (4), be deducted the lesser of
(D) where Impôt sur le revenu
(i) such of the amounts that would have been deductible under any of section 118.2, subsections 118.3(2) and (3) and sections 118.8 and 118.9 in computing the person’s tax payable under Part I for the year if the person had been resident in Canada throughout the year, as can reasonably be considered wholly applicable, and (ii) the amounts that would have been deductible under any of sections 118 and 118.1, subsection 118.3(1) and sections 118.5 and 118.7 in computing the person’s tax payable under Part I for the year if the person had been resident in Canada throughout the year, and (b) the appropriate percentage for the year of the person’s Canadian benefits for the year. Special credit
In computing the tax payable under Part I for a taxation year by a non-resident who elects under paragraph (2)(b) for the year, there may be deducted the amount determined by the formula A is the amount of tax under Part I that would, but for this subsection, be payable by the person for the year; B is the amount determined under subparagraph (3)(b)(ii) in respect of the person for the year; and C is the amount determined under subparagraph (3)(b)(i) in respect of the person for the year.
(a) a non-resident corporation (in this section referred to as the “parent corporation”) is indebted to (ii) a non-resident insurance corporation carrying on business in Canada, (in this section referred to as the “creditor”) under an arrangement whereby the parent corporation is required to pay interest in Canadian currency, and (b) the parent corporation has lent the money in respect of which it is so indebted, or a part thereof, to a subsidiary wholly-owned corporation resident in Canada whose principal business is the making of loans (in this section referred to as the “subsidiary corporation”) under an arrangement whereby the subsidiary corporation is required to repay the loan to the parent corporation with interest at the same rate as is payable by the parent corporation to the creditor, the amount so lent by the parent corporation to the subsidiary corporation shall be deemed to have been borrowed by the parent corporation as agent of the subsidiary corporation and interest paid by the subsidiary corporation to the parent corporation that has been paid by the parent corporation to the creditor shall be deemed to have been paid by the subsidiary corporation to the creditor and not by the subsidiary corporation to the parent corporation or by the parent corporation to the creditor.
Where a parent corporation has lent money to a subsidiary wholly-owned corporation resident in Canada whose principal business is not the making of loans and the money has been lent by that corporation to a subsidiary wholly-owned corporation by it and resident in Canada whose principal business is the making of loans, the loan by the parent corporation shall be deemed, for the purpose of subsection 218(1), to have been a loan to a subsidiary wholly-owned corporation whose principal business is the making of loans.
(I) l’époux ou le conjoint de fait mentionné à l’alinéa (4)a) ou à cette définition est vivant au moment donné, (C.1) le premier jour se terminant au moment donné ou postérieurement, lorsque les conditions suivantes sont réunies : (I) la fiducie cédante est une fiducie en faveur de soi-même, une fiducie à laquelle l’alinéa (4)a.4) s’applique ou une fiducie mixte au profit de l’époux ou du conjoint de fait, (II) le contribuable mentionné aux alinéas (4)a) ou a.4), selon le cas, est vivant au moment donné, (D) le premier jour se terminant au moment donné après, lorsque les conditions suivantes sont réunies : (I) le jour de disposition déterminé selon l’alinéa (5.3)a) à l’égard de la fiducie cessionnaire, si le présent paragraphe ne s’appliquait pas au transfert, (II) le moment postérieur est après le jour qui, sans le paragraphe (5.3), serait déterminé selon l’alinéa (4)b) à l’égard de la fiducie cessionnaire, (ii) lorsque le jour de disposition déterminé selon le sous-alinéa (i) à l’égard de la fiducie cessionnaire est antérieur au jour déterminé à son égard selon la division (i)(B), les paragraphes (4) à (5.2) ne s’appliquent pas à la fiducie cessionnaire le jour déterminé à son égard selon la division (i)(B); b) l’alinéa a) ne s’applique pas au transfert si les conditions suivantes sont réunies : (i) la fiducie cédante est une fiducie au profit de l’époux ou du conjoint de fait postérieure à 1971 ou une fiducie visée à la définition de fiducie au profit du conjoint antérieure à 1972 au paragraphe 108(1), (ii) l’époux ou le conjoint de fait mentionné à l’alinéa (4)a) ou à cette définition est vivant au moment donné, (iii) la fiducie cessionnaire est une fiducie au profit de l’époux ou du conjoint de fait postérieure à 1971 ou une fiducie visée à cette définition; b.1) l’alinéa a) ne s’applique pas au transfert si les conditions suivantes sont réunies : Income Tax PART I Income Tax DIVISION B Computation of Income
This section does not apply in respect of any payment of interest unless the parent corporation and the creditor have executed, and filed with the Minister, an election in prescribed form. Application of election
exceeds Impôt sur le revenu
An election filed under subsection 218(3) does not apply in respect of any payment of interest made more than 12 months before the date on which the election was filed with the Minister.
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1977-78, c. 1, s. 69. Additional Tax on Authorized Foreign Banks Branch interest tax
Taxable interest expense
The taxable interest expense of an authorized foreign bank for a taxation year is 15% of the amount, if any, by which (a) the total of all amounts on account of interest that are deducted under section 20.2 in computing the bank’s income for the year from its Canadian banking business (b) the total of all amounts that are included in paragraph (a) and that are in respect of a liability of the bank to another person or partnership. Where tax not payable
(i) la fiducie cédante est une fiducie en faveur de soi-même, (ii) le contribuable mentionné à l’alinéa (4)a) est vivant au moment donné, (iii) la fiducie cessionnaire est une fiducie en faveur de soi-même; b.2) l’alinéa a) ne s’applique pas au transfert si les conditions suivantes sont réunies : (i) la fiducie cédante est une fiducie mixte au profit de l’époux ou du conjoint de fait, (ii) le contribuable mentionné à l’alinéa (4)a), ou l’époux ou le conjoint de fait mentionné à cet alinéa, est vivant au moment donné, (iii) la fiducie cessionnaire est une fiducie au profit de l’époux ou du conjoint de fait; b.3) l’alinéa a) ne s’applique pas au transfert si les conditions suivantes sont réunies : (i) la fiducie cédante est une fiducie à laquelle l’alinéa (4)a.4) s’applique, (ii) le contribuable mentionné à l’alinéa (4)a.4) est vivant au moment donné, (iii) la fiducie cessionnaire est une fiducie à laquelle l’alinéa (4)a.4) s’applique; c) pour l’application du paragraphe (5.3), sauf si un jour se terminant avant le moment donné est déterminé selon les alinéas (4)a.1) ou b) ou serait ainsi déterminé sans le paragraphe (5.3), un jour déterminé selon le sous-alinéa (5.8)a)(i) est réputé être un jour déterminé selon les alinéas (4)a.1) ou b) à l’égard de la fiducie cessionnaire. Déduction dans le calcul du revenu d’une fiducie
No tax is payable under this Part for a taxation year by an authorized foreign bank if (a) the bank is resident in a country with which Canada has a tax treaty at the end of the year; and (b) no tax similar to the tax under this Part would be payable in that country for the year by a bank resident in Canada carrying on business in that country during the year.
Pour l’application de la présente partie mais sous réserve des paragraphes (7) à (7.1), est déductible dans le calcul du revenu d’une fiducie pour une année d’imposition : a) dans le cas d’une fiducie d’employés, le montant par lequel le montant qui aurait constitué, sans le présent paragraphe, son revenu pour l’année dépasse l’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le total des sommes dont chacune représente son revenu tiré d’une entreprise pour l’année, Income Tax PART I Income Tax DIVISION B Computation of Income
Notwithstanding any other provision of this Act, the reference in subsection (1) to 25% shall, in respect of a taxation year of an authorized foreign bank that is resident in a country with which Canada has a tax treaty on the last day of the year, be read as a reference to, (a) if the treaty specifies the maximum rate of tax that Canada may impose under this Part for the year on residents of that country, that rate; (b) if the treaty does not specify a maximum rate as described in paragraph (a) but does specify the maximum rate of tax that Canada may impose on a
A - B where B is Impôt sur le revenu
Non-resident Investors in Canadian Mutual Funds
assessable distribution, in respect of a Canadian property mutual fund investment, means the portion of any amount that is paid or credited (otherwise than as a SIFT trust wind-up event), by the mutual fund that issued the investment, to a non-resident investor who holds the investment, and that is not otherwise subject to tax under Part I or Part XIII. (distribution déterminée) Canadian property mutual fund investment means a share of the capital stock of a mutual fund corporation, or a unit of a mutual fund trust, if (a) the share or unit is listed on a designated stock exchange; and (b) more than 50% of the fair market value of the share or unit is attributable to one or more properties each of which is real property in Canada, a Canadian resource property or a timber resource property. (placement collectif en biens canadiens) Canadian property mutual fund loss — of a non-resident investor for a taxation year for which the non-resident investor has filed, on or before their filing-due date for the taxation year, a return of income under this Part in prescribed form, in respect of a Canadian property mutual fund investment — means the lesser of (a) the non-resident investor’s loss (for greater certainty as determined under section 40) for the taxation year from the disposition of the Canadian property mutual fund investment, and (b) the total of all assessable distributions that were paid or credited on the Canadian property mutual fund investment after the non-resident investor last acquired the investment and at or before the time of the disposition. (perte collective en biens canadiens) unused Canadian property mutual fund loss, of a non-resident investor for a taxation year, means the portion of the total of the non-resident investor’s Canadian mutual fund property losses for preceding taxation years that has neither reduced under subsection (3) the amount of tax payable, nor increased under subsection (5) the amount of a refund of tax paid, under this Part for any preceding taxation year. (perte collective en biens canadiens inutilisée)
If at any time a person (referred to in this section as the “payer”) pays or credits, to a non-resident investor who holds a Canadian property mutual fund investment, an amount as, on account of, in lieu of payment of or in satisfaction of, an assessable distribution, (a) the non-resident investor is deemed for the purposes of this Act, other than section 150, to have disposed at that time, for proceeds equal to the amount of the assessable distribution, of a property (i) that is a taxable Canadian property the adjusted cost base of which to the non-resident investor immediately before that time is nil, and (ii) that is in all other respects identical to the Canadian property mutual fund investment; (b) the non-resident investor is liable to pay an income tax of 15% on the amount of any gain (for greater certainty as determined under section 40) from the disposition; and
(c) the payer shall, notwithstanding any agreement or law to the contrary, (i) deduct or withhold 15% from the amount paid or credited, (ii) immediately remit that amount to the Receiver General on behalf of the non-resident investor on account of the tax, and (iii) submit with the remittance a statement in prescribed form. Use of losses
(ii) le total des sommes dont chacune représente sa perte au titre d’une entreprise pour l’année; a.1) dans le cas d’une fiducie régie par un régime de prestations aux employés, la partie de la somme qui aurait constitué, sans le présent paragraphe, son revenu pour l’année, telle que versée au cours de l’année à un bénéficiaire; a.2) dans le cas où le revenu imposable de la fiducie pour l’année est assujetti à l’impôt en vertu de la présente partie par l’effet de l’alinéa 146(4)c) ou du paragraphe 146.3(3.1), la partie du montant qui correspondrait, si ce n’était le présent paragraphe, au revenu de la fiducie pour l’année payée à un bénéficiaire au cours de l’année; a.3) dans le cas d’une fiducie qui est réputée, en vertu du paragraphe 143(1), exister à l’égard d’une congrégation qui est une partie constituante d’un organisme religieux, toute partie de son revenu pour l’année qui est devenue à payer à un bénéficiaire au cours de l’année; a.4) dans le cas d’une fiducie de soins de santé et de vie des employés, la somme qui est devenue payable par la fiducie au cours de l’année à titre de prestation désignée au sens du paragraphe 144.1(1); b) dans les autres cas, la somme dont la fiducie demande la déduction et ne dépassant pas l’excédent établi selon la formule suivante : A - B où : A est la partie de son revenu (déterminée compte non tenu du présent paragraphe ni du paragraphe (12)) pour l’année qui est devenue à payer à un bénéficiaire au cours de l’année ou qui est incluse en application du paragraphe 105(2) dans le calcul du revenu d’un bénéficiaire, B est, selon le cas : (i) lorsque la fiducie est une fiducie à l’égard de laquelle un jour est déterminé en application des alinéas (4)a) ou a.4) relativement à un décès ou à un décès postérieur, selon le cas, qui ne s’est pas produit avant le début de l’année, le total des sommes suivantes : (A) la partie du revenu de la fiducie pour l’année, déterminée compte non tenu du présent paragraphe ni du paragraphe (12), qui est devenue à payer à un bénéficiaire au cours de l’année, ou qui est incluse en application du paragraphe 105(2) dans le calcul exceeds exceeds (b) the total of du revenu d’un bénéficiaire, autre qu’un particulier dont le décès est, selon le cas, le décès ou le décès postérieur, (B) le total des sommes dont chacune : (I) d’une part, est incluse dans le revenu de la fiducie (déterminé compte non tenu du présent paragraphe et du paragraphe (12)) pour l’année — si l’année est celle au cours de laquelle le décès ou le décès postérieur, selon le cas, se produit et que l’alinéa (13.4)b) ne s’applique pas relativement à la fiducie pour l’année — en raison de l’application des paragraphes (4), (5), (5.1) ou (5.2) ou 12(10.2), (II) d’autre part, n’est pas incluse dans le montant visé à la division (A) pour l’année, (iii) lorsque la fiducie est une fiducie intermédiaire de placement déterminée pour l’année, l’excédent éventuel de la somme visée à la division (A) sur la somme visée à la division (B) : (A) la partie visée à l’élément A relativement à la fiducie pour l’année, (B) l’excédent de la somme visée à l’élément A relativement à la fiducie pour l’année sur ses gains hors portefeuille pour l’année. Déduction admise sous condition en cas de bénéficiaires non-résidents
If a non-resident investor files, on or before their filing-due date for a taxation year, a return of income under this Part in prescribed form for the taxation year, the non-resident investor is liable, instead of paying tax under paragraph (2)(b) in respect of any amount paid or credited in the taxation year, to pay an income tax of 15% for the taxation year on the amount, if any, by which (a) the total of the non-resident investor’s gains under subsection (2) for the taxation year (b) the total of the non-resident investor’s Canadian property mutual fund losses for the year and the non-resident investor’s unused Canadian property mutual fund loss for the taxation year. Deemed tax paid
Un montant n’est déductible en application du paragraphe (6) dans le calcul du revenu d’une fiducie pour une année d’imposition, relativement à la partie devenue payable au cours de l’année, sur le revenu de la fiducie calculé par ailleurs pour l’année, à quiconque est, à un moment de l’année, bénéficiaire étranger ou assimilé de la fiducie au sens de l’article 210.3, que si la fiducie a résidé au Canada tout au long de l’année. Fiducie réputée résider au Canada (7.01) Si une fiducie est réputée, en vertu du paragraphe 94(3), résider au Canada pour une année d’imposition en ce qui touche le calcul du revenu de la fiducie pour l’année, le montant maximal qui est déductible en application du paragraphe (6) dans le calcul de son revenu pour l’année correspond à l’excédent de la somme visée à l’alinéa a) sur le total visé à l’alinéa b) : a) la somme maximale qui serait déductible en application du paragraphe (6) dans le calcul de son revenu pour l’année en l’absence du présent paragraphe; b) le total des sommes suivantes : A × B where B is (B) 0.6, in any other case. Avoidance of s. (7.1) exceed (d) the cost amount to the taxpayer of the right, interest or property, as the case may be.
If a non-resident investor files, on or before their filing-due date for a taxation year, a return of income under this Part in prescribed form for the taxation year, any amount that is remitted to the Receiver General in respect of an assessable distribution paid or credited to the non-resident investor in the taxation year is deemed to have been paid on account of the non-resident investor’s tax under subsection (3) for the taxation year.
and (11) [Repealed, 2013, c. 34, s. 231] Income of beneficiary n’est pas une fiducie personnelle s’il est raisonnable de considérer qu’un des principaux objets d’une condition, d’un droit ou d’une autre caractéristique attachée à une participation dans la fiducie consiste à donner à un bénéficiaire une quote-part des biens de la fiducie supérieure à sa quote-part du revenu de la fiducie. Règle anti-évitement (7.2) Malgré les autres dispositions de la présente loi, dans le cas où: a) d’une part, un contribuable a acquis un droit à une participation dans une fiducie ou à un bien d’une fiducie ou le droit d’acquérir une telle participation ou un tel bien, b) d’autre part, il est raisonnable de considérer qu’un des principaux objets de cette acquisition consistait à soustraire la fiducie à l’application du paragraphe (7.1), il doit être ajouté, dans le calcul du revenu du contribuable pour l’année d’imposition au cours de laquelle celui-ci dispose du droit (sans l’exercer), de la participation ou du bien, l’excédent éventuel du produit de disposition du droit, de la participation ou du bien, selon le cas, sur son coût indiqué pour le contribuable.
The amount, if any, by which the total of all amounts paid on account of a non-resident investor’s tax under subsection (3) for a taxation year exceeds the non-resident investor’s liability for tax under this Part for the taxation year shall be refunded to the non-resident investor.
et (11) [Abrogés, 2013, ch. 34, art. 231] Déduction de montants inclus dans le revenu des bénéficiaires privilégiés
If a non-resident investor files, on or before their filing-due date for a taxation year, a return of income under this Part in prescribed form for the taxation year, the Minister shall refund to the non-resident investor an amount equal to the lesser of (a) the total amount of tax under this Part paid by the non-resident investor in each of the three preceding taxation years, to the extent that the Minister has not previously refunded that tax, and (b) 15% of the amount, if any, by which (i) the total of the non-resident investor’s Canadian property mutual fund losses for the taxation year and the non-resident investor’s unused Canadian property mutual fund loss for the taxation year (ii) the total of all assessable distributions paid or credited to the non-resident investor in the taxation year.
Le moins élevé des montants suivants peut être déduit dans le calcul du revenu d’une fiducie pour une année d’imposition: a) le total des montants que la fiducie a indiqués pour l’année en application du paragraphe (14); b) le revenu accumulé de la fiducie pour l’année. Revenu des bénéficiaires
In applying subsection (6), amounts of tax are to be considered to be refunded in the order in which they were paid. Partnership filing-due date
Les montants applicables suivants sont à inclure dans le calcul du revenu du bénéficiaire d’une fiducie pour une année d’imposition donnée: a) dans le cas d’une fiducie qui n’est pas visée à l’alinéa a) de la définition de fiducie au paragraphe 108(1), la partie du montant qui, si ce n’était pas les paragraphes (6) et (12), représenteraient son revenu pour son Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this Part, the taxation year of a partnership is its fiscal period and the filing-due date for the taxation year is to be determined as if the partnership were a corporation. Partnership — member resident in Canada
A/B × (C - D - E) where Idem A/B × C Impôt sur le revenu
If a non-resident investor is a partnership a member of which is resident in Canada, the portion of the tax paid by the partnership under this Part in respect of an assessable distribution paid or credited to the partnership in a particular taxation year of the partnership (or, if the partnership files a return of income for the particular taxation year in accordance with subsection (3), the portion of the tax paid by the partnership under that subsection for the taxation year) that can reasonably be considered to be the member’s share is deemed (a) to be an amount paid on account of that member’s liability for tax under Part I for that member’s taxation year in which the particular taxation year of the partnership ends; and (b) except for the purposes of this subsection, to be neither a tax paid on account of the partnership’s tax under this Part nor a tax paid by the partnership.
Section 150.1, subsections 161(1), (7) and (11), sections 162 to 167, Division J of Part I, paragraph 214(3)(f), subsections 215(2), (3) and (6) and sections 227 and 227.1 apply to this Part with any modifications that the circumstances require. Additional Tax on Non-resident Corporations Additional tax
(a) the corporation’s taxable income earned in Canada for the year (in this subsection referred to as the corporation’s “base amount”), (b) the amount deducted because of section 112 and paragraph 115(1)(e) in computing the corporation’s base amount, (d) the amount, if any, by which the total of all amounts each of which is a taxable capital gain of the corporation for the year from a disposition of a taxable Canadian property exceeds the total of all amounts each of which is (i) an allowable capital loss of the corporation for the year from a disposition of a taxable Canadian property, or (e) the total of all amounts each of which is an amount in respect of a grant or credit that (i) can reasonably be considered to have been received by the corporation in the year as a reimbursement or repayment of, or as indemnification or compensation for, an amount deducted because of paragraph (j), as it read in its application to the
(ii) was not included in computing the corporation’s base amount for any taxation year, (f) where, at any time in the year, the corporation has made one or more dispositions described in paragraph 219(2)(l) of qualified property, the total of all amounts each of which is an amount in respect of one of those dispositions equal to the amount, if any, by which the fair market value of the qualified property at the time of the disposition exceeds the corporation’s proceeds of disposition of the property, and (g) the amount, if any, claimed for the immediately preceding taxation year under paragraph 219(1)(j) by the corporation, exceeds the total of (h) that proportion of the total of (i) the total of the taxes payable under Parts I, I.3 and VI for the year by the corporation, determined without reference to subsection 219(1.1), and (ii) the total of the income taxes payable to the government of a province for the year by the corporation, determined without reference to subsection 219(1.1), that the corporation’s base amount is of the amount that would, if this Act were read without reference to subsection 219(1.1), be the corporation’s base amount, (i) the total of all amounts each of which is the amount of interest or a penalty paid by the corporation in the year (i) under this Act, or (ii) on or in respect of an income tax payable by it to the government of a province under a law of the province relating to income tax, to the extent that the interest or penalty was not deductible in computing its base amount for any taxation year, (j) where the corporation was carrying on business in Canada at the end of the year, the amount claimed by the corporation for the year, not exceeding the amount prescribed to be its allowance for the year in respect of its investment in property in Canada, and (l) where the corporation has at any time in the year disposed of property (in this paragraph and paragraph 219(1)(f) referred to as "qualified property") used by it immediately before that time for the purpose of gaining or producing income from a business carried on by it in Canada to a Canadian corporation (in this paragraph referred to as the "purchaser corporation") that was, immediately after the disposition, a qualified related corporation of the corporation for consideration that includes a share of the capital stock of the purchaser corporation, the total of all amounts each of which is an amount in respect of a disposition in the year of a qualified property equal to the amount, if any, by which (i) the fair market value of the qualified property at the time of the disposition exceeds the total of (ii) the amount, if any, by which the paid-up capital in respect of the issued and outstanding shares of the capital stock of the purchaser corporation increased because of the disposition, and (iii) the fair market value, at the time of receipt, of the consideration (other than shares) given by the purchaser corporation for the qualified property. (1.1) For the purposes of subsection (1), the definition taxable Canadian property in subsection 248(1) shall be read without reference to paragraphs (a) and (c) to (e) of that definition and as if the only options, interests or rights referred to in paragraph (f) of that definition were those in respect of property described in paragraph (b) of that definition.
année d’imposition s’étant terminée dans l’année donnée, qui est devenue payable au bénéficiaire au cours de l’année de la fiducie; b) dans le cas d’une fiducie régie par un régime de prestations aux employés auquel le bénéficiaire a cotisé comme employeur, la partie du montant qui, si ce n’était les paragraphes (6) et (12), représenterait le revenu de la fiducie pour son année d’imposition s’étant terminée dans l’année donnée, a été payée au bénéficiaire au cours de l’année de la fiducie. Exception (13.1) Le montant qu’une fiducie attribue à un bénéficiaire dans sa déclaration de revenu produite en vertu de la présente partie pour une année d’imposition tout au long de laquelle elle a résidé au Canada et n’était pas, par application du paragraphe 149(1), exonérée de l’impôt prévu à la partie I, et qui ne dépasse pas le montant calculé selon la formule suivante est réputé, pour l’application des paragraphes (13) et (105)(2), ne pas être payé ni devenu payable au bénéficiaire au cours de l’année de la fiducie : A/B × (C - D - E) où : A représente la part du bénéficiaire sur le revenu de la fiducie pour l’année calculé compte non tenu de la présente loi; B le total des parts de tous les bénéficiaires sur le revenu de la fiducie pour l’année calculé compte non tenu de la présente loi; C le total des montants inclus — compte non tenu du présent paragraphe et du paragraphe (13.2) — en application des paragraphes (13) et 105(2) dans le calcul du revenu de tous les bénéficiaires de la fiducie pour l’année; D le montant déduit en application du paragraphe (6) dans le calcul du revenu de la fiducie pour l’année; E le montant calculé par la fiducie pour l’année et représenté par l’élément C au paragraphe (13.2) ou, à défaut de ce montant, zéro. Réduction (13.2) Dans le cas où une fiducie attribue un montant à un bénéficiaire dans sa déclaration de revenu produite en vertu de la présente partie pour une année d’imposition tout au long de laquelle elle a résidé au Canada et n’était pas, par application du paragraphe 149(1), exonérée de where exceeds l’impôt prévu à la partie I, qui ne dépasse pas le montant calculé selon la formule suivante : A/B × C où : A représente le montant attribué au bénéficiaire par la fiducie pour l’année en application du paragraphe (21); B le total des montants attribués à tous les bénéficiaires de la fiducie pour l’année en application du paragraphe (21); C le montant déterminé par la fiducie, qui entre dans le calcul de tous les montants qu’elle a attribués pour l’année en application du présent paragraphe et qui ne dépasse pas l’excédent du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le total des montants qui, compte non tenu du présent paragraphe et du paragraphe (13.1), seraient inclus dans le calcul du revenu imposable des bénéficiaires de la fiducie pour l’année en application des paragraphes (13) ou 105(2), (ii) le montant déduit en application du paragraphe (6) dans le calcul du revenu de la fiducie pour l’année, le montant ainsi attribué : a) est réputé, pour l’application du paragraphe (13) (sauf pour son application dans le cadre du paragraphe (21)) et du paragraphe 105(2), ne pas avoir été payé ni être devenu payable au cours de l’année au bénéficiaire à son profit ou sur le revenu de la fiducie; b) réduit, sauf pour l’application du paragraphe (21) aux paragraphes (21.1) et (21.2), le montant des gains en capital imposables du bénéficiaire inclus par ailleurs en application du paragraphe (21) dans le calcul du revenu de celui-ci pour l’année. Attribution non valide (13.3) Toute attribution effectuée par une fiducie aux termes des paragraphes (13.1) ou (13.2) dans sa déclaration de revenu produite en vertu de la présente partie pour une année d’imposition donnée est invalide si le revenu imposable de la fiducie pour l’année, déterminé sans tenir compte du présent paragraphe, est supérieur à zéro. Décès d’un bénéficiaire — fiducie au profit du conjoint ou fiducie semblable (13.4) Dans le cas où le décès d’un particulier survient à une date au cours d’une année d’imposition donnée d’une fiducie et que le décès est le décès postérieur, selon le cas, visé aux alinéas (4)a), a.1) ou a.4) relativement à la fiducie, les règles ci-après s’appliquent : (ii) not (14.01) to (14.1) [Repealed, 2014, c. 39, s. 26] (ii) les mentions « année », à l’alinéa 150(1)c), et « année d’imposition en cause », au sous-alinéa a)(ii) de la définition de date d’exigibilité du solde au paragraphe 248(1), s’entendent respectivement de « l’année civile au cours de laquelle l’année d’imposition se termine » et de « l’année civile au cours de laquelle l’année d’imposition en cause se termine », (iii) la mention, au paragraphe 204(2) du Règlement de l’impôt sur le revenu, de « la fin de l’année d’imposition » s’entend de « la fin de l’année civile au cours de laquelle l’année d’imposition se termine ». Choix fait par une fiducie et un bénéficiaire privilégié
No tax is payable under this Part for a taxation year by a corporation that was, throughout the year, (b) a corporation whose principal business was (i) the transportation of persons or goods, (iii) mining iron ore in Canada; or (c) a corporation exempt from tax under section 149.
Lorsqu’une fiducie et son bénéficiaire privilégié pour une année d’imposition de la fiducie font un choix, pour cette année, selon les modalités réglementaires, la partie du revenu accumulé de la fiducie de cette année qui est indiquée dans l’écrit concerné et qui ne dépasse pas le montant attribuable au bénéficiaire privilégié relativement à la fiducie pour l’année est incluse dans le calcul du revenu du bénéficiaire privilégié pour l’année d’imposition du bénéficiaire qui a pris fin au cours de cette année et n’est pas incluse dans le calcul du revenu d’un bénéficiaire de la fiducie pour une année d’imposition postérieure. (14.01) à (14.1) [Abrogés, 2014, ch. 39, art. 26] Montant attribuable au bénéficiaire privilégié
Sections 150 to 152, 154, 158, 159 and 161 to 167 and Division J of Part I are applicable to this Part with such modifications as the circumstances require. Non-resident insurers
Pour l’application du paragraphe (14), le montant attribuable au bénéficiaire privilégié d’une fiducie relativement à celle-ci pour une année d’imposition est le suivant : a) lorsque la fiducie est une fiducie en faveur de soi-même, une fiducie mixte au profit de l’époux ou du conjoint de fait, une fiducie au profit de l’époux ou du conjoint de fait postérieure à 1971 ou une fiducie visée à la définition de fiducie au profit de l’époux ou du conjoint de fait antérieure à 1972, au paragraphe 108(1), à la fin de l’année et qu’un bénéficiaire visé à l’alinéa (4)a) ou à cette définition est en vie à la fin de l’année : (i) si le bénéficiaire privilégié est le bénéficiaire ainsi mentionné, le revenu accumulé de la fiducie pour l’année, (ii) sinon, zéro; b) lorsque l’alinéa a) ne s’applique pas et que la participation du bénéficiaire privilégié dans la fiducie ne dépend pas uniquement du décès d’un autre bénéficiaire qui a une participation au capital de la fiducie, Income Tax PART I Income Tax DIVISION B Computation of Income
No tax is payable under subsection 219(1) for a taxation year by a non-resident insurer, but where it elects, in prescribed manner and within the prescribed time, to deduct, in computing its Canadian investment fund as of the end of the immediately following taxation year, an amount not greater than the amount, if any, by which (a) the amount, if any, by which the total of (i) the insurer’s surplus funds derived from operations as of the end of the year, and (i.1) where, in any particular taxation year that began before the end of the year, the insurer transferred to a taxable Canadian corporation with which it did not deal at arm’s length any designated insurance property of the insurer for the particular year, and (A) the property was transferred before December 16, 1987 and subsection 138(11.5) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, applied in respect of the transfer, or (B) the property was transferred before November 22, 1985 and subsection 85(1) of that Act applied in respect of the transfer, the amount, if any, by which (C) the total of the fair market value, at the time of the transfer, of all such property (D) the total of the insurer’s proceeds of disposition of all such property, exceeds the total of (ii) each amount on which the insurer has paid tax under this Part for a previous taxation year, (iii) the amount, if any, by which the insurer’s accumulated 1968 deficit exceeds the amount of the insurer’s maximum tax actuarial reserves for its 1968 taxation year for its life insurance policies in Canada, (iv) the insurer’s loss, if any, for each of its 5 consecutive taxation years ending with its 1968 taxation year, from all insurance businesses (other than its life insurance business) carried on by it in Canada (computed without reference to section 30 of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as it read in its application to those years), except to the extent that any such loss was deductible in computing its taxable income for any of its taxation years ending before 1969, and (v) the total of all amounts in respect of which the insurer has filed an election under subsection 219(5.2) for a previous taxation year in accordance with that subsection, (b) the amount of the insurer’s attributed surplus for the year, the insurer shall, on or before the day on or before which it is required to file a return under Part I for the year, pay a tax for the year equal to 25% of the amount, if any, by which the amount it has so elected to deduct exceeds the amount in respect of which it filed an election under subsection 219(5.2) for the year in accordance with that subsection. Additional tax on insurer (5.1) Where a non-resident insurer ceases in a taxation year to carry on all or substantially all of an insurance business in Canada, it shall, on or before its filing-due date for the year, pay a tax for the year equal to 25% of the amount, if any, by which (a) that portion of the amount determined under paragraph 219(4)(a) for the year in respect of the insurer that can reasonably be attributed to the business, including the disposition by it of property that was its designated insurance property in respect of the business for the year in which the disposition occurred, (b) the amount the insurer and a qualified related corporation of the insurer jointly elect in accordance with subsection 219(5.2) for the year in respect of the business. Election by non-resident insurer (a) a non-resident insurer has ceased to carry on all or substantially all of an insurance business in Canada in a taxation year, and (b) the insurer has transferred the business to a qualified related corporation of the insurer and the insurer and the corporation have elected to have subsection 138(11.5) apply in respect of the transfer, the insurer and the corporation may elect, in prescribed manner and within prescribed time, to reduce the amount in respect of which the insurer would otherwise be liable to pay tax under subsection 219(5.1) by an amount not exceeding the lesser of (c) the amount determined under paragraph 219(5.1)(a) in respect of the insurer in respect of the business, and (d) the total of the paid-up capital of the shares of the capital stock of the corporation received by the insurer as consideration for the transfer of the business and any contributed surplus arising on the issue of those shares. Deemed payment of dividend (5.3) Where, at any time in a taxation year, (a) a qualified related corporation of a non-resident insurer ceases to be a qualified related corporation of that insurer, or (b) the tax deferred account of a qualified related corporation of a non-resident insurer exceeds the total of the paid-up capital in respect of all the shares of the capital stock of the corporation and its contributed surplus, the corporation shall be deemed to have paid, immediately before that time, a dividend to the insurer in an amount equal to (c) where paragraph 219(5.3)(a) is applicable, the balance of the tax deferred account of the corporation at that time, or (d) where paragraph 219(5.3)(b) is applicable, the amount of the excess referred to in that paragraph at that time. accumulated 1968 deficit of a life insurer means such amount as can be established by the insurer to be its deficit as of the end of its 1968 taxation year from carrying on its life insurance business in Canada on the assumption that the amounts of its assets and liabilities (including reserves of any kind) (a) as of the end of any taxation year before its 1968 taxation year, were the amounts thereof determined for the purposes of the Superintendent of Insurance for Canada or other similar officer, and (b) as of the end of its 1968 taxation year, were (i) in respect of depreciable property, the capital cost thereof as of the first day of its 1969 taxation year, (ii) in respect of policy reserves, the insurer’s maximum tax actuarial reserves for its 1968 taxation year for life insurance policies issued by it in the course of carrying on its life insurance business in Canada, and (iii) in respect of other assets and liabilities, the amounts thereof determined as of the end of that year for the purpose of computing its income for its 1969 taxation year; (déficit accumulé pour 1968) attributed surplus of an insurer for a taxation year has the meaning assigned by regulation; (surplus attribué) Canadian investment fund has the meaning prescribed for that expression; (fonds de placement canadien) tax deferred account of a qualified related corporation at any time means the amount determined by the formula A is the total of all amounts each of which is an amount in respect of which the qualified related corporation and a non-resident insurer have elected jointly before that time in accordance with subsection 219(5.2), and B is the total of all amounts each of which is the amount of a dividend deemed by subsection 219(5.3) to have been paid by the qualified related corporation before that time. (compte d’impôt différé) Meaning of qualified related corporation
SIFT deemed dividend A/B × C where (a) the amount du capital-actions d’une société canadienne imposable. Attribution de dividendes non imposables
For the purposes of this Part, a corporation is a qualified related corporation of a particular corporation if it is resident in Canada and all of the issued and outstanding shares (other than directors’ qualifying shares) of its capital stock (having full voting rights under all circumstances) are owned by (b) a subsidiary wholly-owned corporation of the particular corporation, (c) a corporation of which the particular corporation is a subsidiary wholly-owned corporation, (d) a subsidiary wholly-owned corporation of a corporation of which the particular corporation is also a subsidiary wholly-owned corporation, or (e) any combination of corporations each of which is a corporation described in paragraph 219(8)(a), 219(8)(b), 219(8)(c) or 219(8)(d), and, for the purpose of this subsection, a subsidiary wholly-owned corporation of a particular corporation includes any subsidiary wholly-owned corporation of a corporation that is a subsidiary wholly-owned corporation of the particular corporation. Corporate emigration
Pour l’application de la subdivision 53(2)(h)(i.1)(B)(II), des alinéas 107(1)c) et d) et des paragraphes 112(3.1), (3.2), (3.31) et (4.2), une fiducie doit attribuer à un bénéficiaire, dans sa déclaration de revenu produite pour une année d’imposition tout au long de laquelle elle a résidé au Canada, la fraction du total des montants représentant chacun un dividende, sauf un dividende imposable, qui lui a été versé au cours de l’année sur une action du capital-actions d’une société qui réside au Canada, s’il est raisonnable de considérer cette fraction — compte tenu des circonstances, y compris les modalités de l’acte de fiducie — fait partie d’une somme qui est devenue payable au bénéficiaire au cours de l’année dans le cadre de la fiducie. Attribution de gains en capital imposables
A is the fair market value of all the property owned by the emigrating corporation immediately before that time; and B is the total of (a) the paid-up capital in respect of all the shares of the capital stock of the emigrating corporation immediately before that time, (b) all amounts (other than amounts payable by the emigrating corporation in respect of dividends and amounts payable under this section) each of which is a debt owing by the emigrating corporation, or an obligation of the emigrating corporation to pay an amount, that is outstanding at that time, and (c) if a tax was payable by the emigrating corporation under subsection 219(1) or this section for a preceding taxation year that began before 1996 and after the emigrating corporation last became resident in Canada, four times the total of all amounts that would, but for sections 219.2 and 219.3 and any tax treaty, have been so payable. Foreign affiliate dumping — emigrating corporation
Pour l’application des articles 3 et 111, sauf dans la mesure où ils s’appliquent à l’article 110.6, et sous réserve de l’alinéa 132(5.1)b), la somme relative aux gains en capital imposables nets d’une fiducie, pour une année d’imposition donnée de celle-ci, est réputée être un gain en capital imposable, pour l’année d’imposition d’un contribuable dans laquelle l’année donnée prend fin, provenant de la disposition d’une immobilisation par le contribuable, si, à la fois : a) la somme : (i) d’une part, est attribuée au contribuable par la fiducie dans la déclaration de revenu qu’elle produit pour l’année donnée en vertu de la présente partie, (ii) d’autre part, peut raisonnablement être considérée, compte tenu des circonstances, y compris les modalités de l’acte de fiducie, comme faisant partie du montant qui, par l’effet de l’alinéa (13)a), du paragraphe (14) ou de l’article 105, a été inclus dans le calcul du revenu du contribuable pour l’année d’imposition en cause de celui-ci; b) le contribuable, à la fois : (i) est bénéficiaire de la fiducie au cours de l’année donnée, (ii) réside au Canada, sauf si la fiducie est une fiducie de fonds commun de placement tout au long de l’année donnée; c) la fiducie réside au Canada tout au long de l’année donnée; Income Tax PART I Income Tax DIVISION B Computation of Income
The paid-up capital referred to in paragraph (a) of the description of B in subsection (1) is deemed to be nil if (a) one or more shares of the emigrating corporation are, at the time the emigrating corporation ceases to be resident in Canada, owned by another corporation resident in Canada; (b) the other corporation is controlled, at that time, by a non-resident person or a group of non-resident persons not dealing with each other at arm’s length; and (c) the emigrating corporation is, immediately after that time — or becomes, as part of a transaction or event or series of transactions or events that includes the emigrating corporation ceasing to be resident in Canada — a foreign affiliate of the other corporation. (a) a corporation ceases to be resident in Canada at any time (referred to in subsection (4) as the “emigration time”); (b) an amount is required by paragraph 212.3(2)(b) or subsection 212.3(7) to be deducted in computing the paid-up capital in respect of a class of shares of the capital stock of the corporation because of an investment in a subject corporation made by a CRIC that is described in any of paragraphs 212.3(10)(a) to (f); (c) subsection 212.3(9) has not applied in respect of any reduction of the paid-up capital in respect of a class of shares of the capital stock of the corporation or a specified predecessor corporation (as defined in subsection 95(1)) of the corporation; and
Late, amended or revoked designation Late, amended or revoked designation (a) designates an amount, or amends or revokes a designation made, under subsection 104(21.2) in respect of the beneficiary; and Late, amended or revoked designation (21.03) Where a trust designates an amount, or amends or revokes a designation, under subsection 104(21) or 104(21.2) in accordance with subsection 104(21.01), Impôt sur le revenu
If this subsection applies, the paid-up capital referred to in paragraph (a) of the description of B in subsection (1) is to be increased, immediately before the time that is immediately before the emigration time, by the lesser of (a) the total of all amounts each of which is an amount by which the paid-up capital of a class of shares of the capital stock of the corporation was reduced by paragraph 212.3(2)(b) or subsection 212.3(7) to be reduced in respect of an investment in a subject corporation made by the CRIC that is described in any of paragraphs 212.3(10)(a) to (f); and (b) the total of all amounts each of which is (i) the fair market value of a share of the capital stock of a subject corporation that is owned by the corporation immediately before the emigration time, (ii) the portion of the fair market value of a particular share of the capital stock of a foreign affiliate of the corporation owned by the corporation immediately before the emigration time that may reasonably be considered to relate to a share of the capital stock of a subject corporation that was previously owned by the corporation and for which the particular share was substituted, or (iii) the fair market value of a debt obligation, other than a pertinent loan or indebtedness (as defined in subsection 212.3(11)), of a subject corporation that is owned by the corporation immediately before the emigration time. Assigned meanings from section 212.3
For the purposes of subsections (3) and (4), CRIC and subject corporation have the meaning assigned to those terms by subsection 212.3(1) and investment has the same meaning as in subsection 212.3(10). Limitation on rate of branch tax
(a) does not limit the rate of tax under this Part on corporations resident in that other country, and (b) provides that, where a dividend is paid by a corporation resident in Canada to a corporation resident in that other country that owns all of the shares of the capital stock of the corporation resident in Canada, the rate of tax imposed on the dividend shall not exceed a specified rate, any reference in section 219 to a rate of tax shall, in respect of a taxation year of a corporation to which that agreement or convention applies on the last day of that year, be read as a reference to the specified rate. Effect of tax treaty
[NOTE: Application provisions are not included in the consolidated text: see relevant amending Acts and regulations; 1994, c. 21, s. 100; 1998, c. 19, s. 220.1.] Administration and Enforcement
d) le total des sommes représentant chacune une somme que la fiducie a attribuée à l’un de ses bénéficiaires, aux termes du présent paragraphe, dans la déclaration de revenu qu’elle produit pour l’année donnée en vertu de la présente partie n’excède pas les gains en capital imposables nets de la fiducie pour cette année. Attribution modifiée, révoquée ou tardive (21.01) La fiducie qui a produit sa déclaration de revenu pour son année d’imposition qui comprend le 22 février 1994 peut attribuer un montant en application du paragraphe (21), ou modifier ou révoquer pareille attribution, dans le cas où l’attribution, la modification ou la révocation, à la fois : a) est faite uniquement à cause de l’augmentation ou de la diminution des gains en capital imposables nets de la fiducie pour l’année qui découle d’un choix ou d’une révocation auquel s’appliquent les paragraphes 110.6(25), (26) ou (27); b) est présentée au ministre, accompagnée d’une déclaration de revenu modifiée pour l’année, lorsque le choix ou la révocation visé à l’alinéa a). Conditions (21.02) L’attribution, la modification et la révocation visées au paragraphe (21.01) qui touchent un montant déterminé selon le paragraphe (21.2) relativement à un bénéficiaire ne peuvent être faites que dans le cas où la fiducie, à la fois : a) attribue un montant au bénéficiaire en application du paragraphe (21.2), ou modifie ou révoque une telle attribution; b) présente au ministre, au moment visé à l’alinéa (21.01)b), l’attribution, la modification ou la révocation visée à l’alinéa a). Présomptions (21.03) Dans le cas où une fiducie attribue un montant en application des paragraphes (21) ou (21.2) en conformité avec le paragraphe (21.01), les présomptions suivantes s’appliquent : a) l’attribution ou l’attribution modifiée est réputée avoir été faite dans la déclaration de revenu de la fiducie pour son année d’imposition qui comprend le 22 février 1994; b) l’attribution qui a été révoquée est réputée, autrement que pour l’application du présent paragraphe (21.1) [Repealed, 2013, c. 34, s. 231] (A × B × C)/(D × E) and (A × B × F)/(D × E) where G - H Income Tax PART I Income Tax DIVISION B Computation of Income
Officers, clerks and employees
where I [Repealed, 2014, c. 39, s. 26] (C) [Repealed, 2014, c. 39, s. 26] Impôt sur le revenu
Such officers, clerks and employees as are necessary to administer and enforce this Act shall be appointed or employed in the manner authorized by law. Delegation (2.01) The Minister may authorize an officer or a class of officers to exercise powers or perform duties of the Minister under this Act. (2.1) Where any provision of this Act or a regulation requires a person to file a prescribed form, receipt or other document, or to provide prescribed information, the Minister may waive the requirement, but the person shall provide the document or information at the Minister’s request. (2.2) Subsection (2.1) does not apply in respect of a prescribed form, receipt or document, or prescribed information, that is filed with the Minister on or after the day specified, in respect of the form, receipt, document or information, in subsection 37(11), paragraph (m) of the definition investment tax credit in subsection 127(9) or subsection 127.44(17), 127.45(3), 127.48(4) or 127.49(3).
The Minister may at any time extend the time for making a return under this Act. Waiver of penalty or interest (3.1) The Minister may, on or before the day that is ten calendar years after the end of a taxation year of a taxpayer (or in the case of a partnership, a fiscal period of the partnership) or on application by the taxpayer or partnership on or before that day, waive or cancel all or any portion of any penalty or interest otherwise payable. under this Act by the taxpayer or partnership in respect of that taxation year or fiscal period, and notwithstanding subsections 152(4) to (5), any assessment of the interest and penalties payable by the taxpayer or partnership shall be made that is necessary to take into account the cancellation of the penalty or interest. Late, amended or revoked elections (3.2) The Minister may extend the time for making an election or grant permission to amend or revoke an election if (a) the election was otherwise required to be made by a taxpayer or by a partnership, under a prescribed provision, on or before a day in a taxation year of the taxpayer (or in the case of a partnership, a fiscal period of the partnership); and (b) the taxpayer or the partnership applies, on or before the day that is ten calendar years after the end of the taxation year or the fiscal period, to the Minister for that extension or permission. Joint election — pension income split (3.201) On application by a taxpayer, the Minister may extend the time for making an election, or grant permission to amend or revoke an election, under section 60.03 if (a) the application is made on or before the day that is three calendar years after the taxpayer’s filing-due date for the taxation year to which the election applies; and (b) the taxpayer is resident in Canada (i) if the taxpayer is deceased at the time of the application, at the time that is immediately before the taxpayer’s death, or (ii) in any other case, at the time of the application. Designations and allocations (a) a designation in any form prescribed for the purpose of paragraph 80(2)(j) or any of subsections 80(5) to (11) or 80.03(7) is deemed to be an election under a prescribed provision of this Act; (a.1) a designation is deemed to be an election under a prescribed provision of this Act if the designation is made under the definition principal residence in section 54; and (b) a designation or allocation under subsection 132.11(6) is deemed to be an election under a prescribed provision of this Act. Date of late election, amended election or revocation (3.3) Where, under subsection 220(3.2), the Minister has extended the time for making an election or granted permission to amend or revoke an election, (a) the election or the amended election, as the case may be, shall be deemed to have been made on the day on or before which the election was otherwise required to be made and in the manner in which the election was otherwise required to be made, and, in the case of an amendment to an election, that election shall be deemed, otherwise than for the purposes of this section, never to have been made; and (b) the election that was revoked shall be deemed, otherwise than for the purposes of this section, never to have been made. Assessments (3.4) Notwithstanding subsections 152(4), 152(4.01), 152(4.1) and 152(5), such assessment of the tax, interest and penalties payable by each taxpayer in respect of any taxation year that began before the day an application is made under subsection 220(3.2) to the Minister shall be made as is necessary to take into account the election, the amended election or the revocation, as the case may be, referred to in subsection 220(3.3). Penalty for late filed, amended or revoked elections (3.5) Where, on application by a taxpayer or a partnership, the Minister extends the time for making an election or grants permission to amend or revoke an election (other than an extension or permission under subsection 3.201), the taxpayer or the partnership, as the case may be, is liable to a penalty equal to the lesser of (b) the product obtained when $100 is multiplied by the number of complete months from the day on or before which the election was required to be made to the day the application was made in a form satisfactory to the Minister. (3.6) The Minister shall, with all due dispatch, examine each election, amended election and revoked election referred to in subsection 220(3.3), assess any penalty payable and send a notice of assessment to the taxpayer or the partnership, as the case may be, and the taxpayer or the partnership, as the case may be, shall pay forthwith to the Receiver General the amount, if any, by which the penalty so assessed exceeds the total of all amounts previously paid on account of that penalty. (3.7) The provisions of Divisions I and J of Part I apply, with such modifications as the circumstances require, to an assessment made under this section as though it had been made under section 152. Dishonoured instruments (3.8) For the purposes of this Act and section 155.1 of the Financial Administration Act (a) any charge that becomes payable at any time by a person under the Financial Administration Act in respect of an instrument tendered in payment or settlement of an amount that is payable or remittable under this Act is deemed to be an amount that becomes payable or remittable by the person at that time under this Act; (b) sections 152, 158 and 159, subsections 161(1), (2) and (11), sections 162 to 167 and Division J of this Part are applicable to the amount deemed to become payable or remittable by this subsection with any modifications that the circumstances require; (c) Part II of the Interest and Administrative Charges Regulations does not apply to the charge; and (d) any debt under subsection 155.1(3) of the Financial Administration Act in respect of the charge is deemed to be extinguished at the time the total of the amount and any applicable interest under this Act is paid.
The Minister may, if the Minister considers it advisable in a particular case, accept security for payment of any amount that is or may become payable under this Act. (4.1) Where a taxpayer has objected to or appealed from an assessment under this Act, the Minister shall, while the objection or appeal is outstanding, accept adequate security furnished by or on behalf of the taxpayer for payment of the amount in controversy except to the extent that the Minister may collect the amount because of subsection 225.1(7). Surrender of excess security (4.2) Where at any time a taxpayer requests in writing that the Minister surrender any security accepted by the Minister under subsection 220(4) or 220(4.1), the Minister shall surrender the security to the extent that the value of the security exceeds the total of payable under this Act by the taxpayer at that time. Security furnished by a member institution of a deposit insurance corporation (4.3) The Minister shall accept adequate security furnished by or on behalf of a taxpayer that is a member institution in relation to a deposit insurance corporation (within the meaning assigned by subsection 137.1(5)) for payment of (a) the tax payable under this Act by the taxpayer for a taxation year, to the extent that the amount of that tax exceeds the amount that that tax would be if no amount that the taxpayer is obliged to repay to the corporation were included under paragraph 137.1(10)(a) or 137.1(10)(b) in computing the taxpayer’s income for the year or a preceding taxation year, and (b) interest payable under this Act by the taxpayer on the amount determined under paragraph 220(4.3)(a), until the earlier of (c) the day on which the taxpayer’s obligation referred to in paragraph 220(4.3)(a) to repay the amount to the corporation is settled or extinguished, and (d) the day that is 10 years after the end of the year. Additional security (4.4) The adequacy of security furnished by or on behalf of a taxpayer under subsection 220(4.3) shall be determined by the Minister and the Minister may require additional security to be furnished from time to time by or on behalf of the taxpayer where the Minister determines that the security that has been furnished is no longer adequate. Security for departure tax (4.5) If an individual who is deemed by subsection 128.1(4) to have disposed of a property (other than a right to a benefit under, or an interest in a trust governed by, an employee benefit plan) at any particular time in a taxation year (in this section referred to as the individual’s “emigration year”) elects, in prescribed manner on or before the individual’s balance-due day for the emigration year, that this subsection and subsections (4.51) to (4.54) apply in respect of the emigration year, (a) the Minister shall, until the individual’s balance-due day for a particular taxation year that begins after the particular time, accept adequate security furnished by or on behalf of the individual on or before the individual’s balance-due day for the emigration year for the lesser of (i) the amount determined by the formula A is the total amount of taxes under Parts I and I.1 that would be payable by the individual for the emigration year if the exclusion or deduction of each amount referred to in paragraph 161(7)(a) were not taken into account, B is the total amount of taxes under those Parts that would have been so payable if each property (other than a right to a benefit under, or an interest in a trust governed by, an employee benefit plan) deemed by subsection 128.1(4) to have been disposed of at the particular time, and that had not been subsequently disposed of before the beginning of the particular year, were not deemed by subsection 128.1(4) to have been disposed of by the individual at the particular time, and C is the total of all amounts deemed under this or any other Act to have been paid on account of the individual’s tax under this Part for the emigration year, and (ii) if the particular year immediately follows the emigration year, the amount determined under subparagraph (i), and in any other case, the amount determined under this paragraph in respect of the individual for the taxation year that immediately precedes the particular year, and
(i) interest under this Act for any period that ends on the individual’s balance-due day for the particular year and throughout which security is accepted by the Minister, and (ii) any penalty under this Act computed with reference to an individual’s tax payable for the year that was, without reference to this paragraph, unpaid shall be computed as if the particular amount for which adequate security has been accepted under this subsection were an amount paid by the individual on account of the particular amount. Deemed security (4.51) If an individual (other than a trust) elects under subsection (4.5) that that subsection apply in respect of a taxation year, for the purposes of this subsection and subsections (4.5) and (4.52) to (4.54), the Minister is deemed to have accepted at any time after the election is made adequate security for a total amount of taxes payable under Parts I and I.1 by the individual for the emigration year equal to the lesser of (a) the total amount of those taxes that would be payable for the year by a trust resident in Canada (other than a graduated rate estate or a qualified disability trust as defined in subsection 122(3)) the taxable income of which for the year is $50,000, and (b) the greatest amount for which the Minister is required to accept security furnished by or on behalf of the individual under subsection (4.5) at that time in respect of the emigration year, and that security is deemed to have been furnished by the individual before the individual’s balance-due day for the emigration year. (4.52) Notwithstanding subsections (4.5) and (4.51), the Minister is deemed at any time not to have accepted security under subsection (4.5) in respect of an individual’s emigration year for any amount greater than the amount, if any, by which (a) the total amount of taxes that would be payable by the individual under Parts I and I.1 for the year if the exclusion or deduction of each amount referred to in paragraph 161(7)(a), in respect of which the day determined under paragraph 161(7)(b) is after that time, were not taken into account Restriction
où G le total des sommes attribuées par la fiducie en application du paragraphe (21) pour l’année d’attribution, H le total des sommes attribuées par la fiducie en application du paragraphe (13.2) pour l’année d’attribution, (III) les gains en capital imposables admissibles de la fiducie pour l’année d’attribution, B l’excédent éventuel de la somme que la fiducie a attribuée au bénéficiaire en application du paragraphe (21) pour l’année d’attribution sur la somme qu’elle lui a attribuée pour l’année d’imposition en application du paragraphe (13.2), C l’excédent qui serait calculé selon l’alinéa 3b) pour l’année d’attribution au titre des gains en capital et des pertes en capital de la fiducie si les seuls biens visés à cet alinéa étaient des biens qui, au moment où ils en ont été disposés, étaient des biens agricoles admissibles, des biens de pêche admissibles ou des biens agricoles ou de pêche admissibles de la fiducie, D le total des sommes représentant chacune la valeur de l’élément B pour l’année d’attribution relativement à un bénéficiaire de la fiducie, E le total des valeurs des éléments C et F pour l’année d’attribution relativement au bénéficiaire, F l’excédent qui serait calculé selon l’alinéa 3b) pour l’année d’attribution au titre des gains en capital et des pertes en capital de la fiducie si les seuls biens visés à cet alinéa étaient des biens qui, au moment où il en a été disposé, étaient des actions admissibles de petite entreprise de la fiducie, autres que des biens agricoles admissibles, des biens de pêche admissibles ou des biens agricoles ou de pêche admissibles, I [Abrogé, 2014, ch. 39, art. 26] (C) [Abrogé, 2014, ch. 39, art. 26] pour l’application de l’article 110.6, le bénéficiaire est réputé avoir disposé de ces immobilisations pendant son année d’imposition au cours de laquelle l’année d’attribution prend fin. A × B/C where (21.23) and (21.24) [Repealed, 2014, c. 39, s. 26] A + B − C − D where Gain en capital imposable (BAPA) des bénéficiaires (21.21) Le bénéficiaire d’une fiducie qui, par l’effet de la division (21.2)(b)(ii)(A), est réputé, pour l’application de l’article 110.6, tirer un gain en capital imposable de la disposition d’un immeuble qui est son bien agricole ou de pêche admissible (appelé « gain en capital imposable (BAPA) » au présent paragraphe), pour son année d’imposition qui se termine après le 20 avril 2015 et dans laquelle l’année d’attribution de la fiducie prend fin, est réputé, pour l’application du paragraphe 110.6(2.2), tirer de la disposition de son bien agricole ou de pêche admissible après le 20 avril 2015 un gain en capital imposable égal à la somme obtenue par la formule ci-après, si la fiducie remplit les exigences énoncées au paragraphe (21.22) : A × B/C où : A représente le montant du gain en capital (BAPA), B si l’année d’attribution de la fiducie se termine après le 20 avril 2015, la somme qui serait déterminée relativement à la fiducie pour cette année d’attribution en vertu de l’alinéa 3b) au titre de gains en capital et de pertes en capital si les seuls biens visés à cet alinéa étaient des biens agricoles ou de pêche admissibles dont celle-ci a disposé après le 20 avril 2015, C si l’année d’attribution de la fiducie se termine après le 20 avril 2015, la somme qui serait déterminée relativement à la fiducie pour cette année d’attribution en vertu de l’alinéa 3b) au titre de gains en capital et de pertes en capital si les seuls biens visés à cet alinéa étaient des biens agricoles ou de pêche admissibles. Attribution de sommes par la fiducie (21.22) Une fiducie est tenue de déterminer et d’attribuer, dans la déclaration de revenu qu’elle produit en vertu de la présente partie pour son année d’attribution, la somme qui représente, selon le paragraphe (21.21), le gain en capital imposable du bénéficiaire tiré de la disposition après le 20 avril 2015 de son bien agricole ou de pêche admissible. (21.23) et (21.24) [Abrogés, 2014, ch. 39, art. 26] Calcul des gains en capital imposables nets d’une fiducie (21.3) Pour l’application du présent article, les gains en capital imposables nets d’une fiducie pour une année d’imposition correspondent à la somme obtenue par la formule suivante : A + B − C − D où : (21.4) to (21.7) [Repealed, 2013, c. 34, s. 231] (a) the amount A × B/C where Recalculation of trust’s foreign source income Recalculation of trust’s foreign tax Definitions Impôt étranger réputé payé par un bénéficiaire (22.1) Pour l’application du présent paragraphe et de l’article 126, le contribuable qui est bénéficiaire d’une fiducie est réputé avoir payé à titre d’impôt sur le revenu tiré d’une entreprise ou d’impôt sur le revenu ne provenant pas d’une entreprise, selon le cas, pour une année d’imposition donnée relativement à une source donnée, le montant calculé selon la formule A × B/C où : A représente le montant qui, n’eût été le paragraphe (22.3), représenterait l’impôt sur le revenu tiré d’une entreprise ou l’impôt sur le revenu ne provenant pas d’une entreprise, selon le cas, payé par la fiducie relativement à la source pour une année d’imposition de la fiducie qui se termine au cours de l’année donnée; B le montant réputé, à cause de l’attribution effectuée par la fiducie pour l’année déterminée selon le paragraphe (22), être un revenu contributable tiré de la source donnée; C le revenu de la fiducie pour l’année déterminée, tiré de cette source. Nouveau calcul du revenu de source étrangère d’une fiducie (22.2) Pour l’application de l’article 126, est déduit dans le calcul du revenu d’une fiducie tiré d’une source donnée pour une année d’imposition le total des montants réputés, à cause de l’attribution effectuée par la fiducie pour l’année selon le paragraphe (22), être un revenu des bénéficiaires de la fiducie, tiré de cette source. Nouveau calcul de l’impôt étranger d’une fiducie (22.3) Pour l’application de l’article 126, est déduit dans le calcul de l’impôt sur le revenu tiré d’une entreprise ou de l’impôt sur le revenu ne provenant pas d’une entreprise, payé par une fiducie pour une année d’imposition relativement à une source donnée, le total des montants réputés, à cause de l’attribution effectuée par la fiducie pour l’année selon le paragraphe (22), payé par les bénéficiaires de la fiducie à titre d’impôt sur le revenu tiré d’une entreprise ou d’impôt sur le revenu ne provenant pas d’une entreprise, selon le cas, relativement à cette source. Définitions (22.4) Pour l’application des paragraphes (22) à (22.3), les expressions impôt sur le revenu tiré d’une entreprise et impôt sur le revenu ne provenant pas d’une entreprise s’entendent au sens du paragraphe 126(7). (a) and (b) [Repealed, 2013, c. 34, s. 231] (e) [Repealed, 2014, c. 39, s. 26] Règles — successions assujetties à l’imposition à taux progressifs
(b) the total amount of taxes that would be determined under paragraph (a) if this Act were read without reference to subsection 128.1(4). (4.53) Subject to subsection (4.7), if it is determined at any particular time that security accepted by the Minister under subsection (4.5) is not adequate to secure the particular amount for which it was furnished by or on behalf of an individual, (a) subject to a subsequent application of this subsection, the security shall be considered after the particular time to secure only the amount for which it is adequate security at the particular time; (b) the Minister shall notify the individual in writing of the determination and shall accept adequate security, for all or any part of the particular amount, furnished by or on behalf of the individual within 90 days after the day of notification; and (c) any security accepted in accordance with paragraph (b) is deemed to have been accepted by the Minister under subsection (4.5) on account of the particular amount at the particular time. (4.54) If in the opinion of the Minister it would be just and equitable to do so, the Minister may at any time extend (a) the time for making an election under subsection (4.5); (b) the time for furnishing and accepting security under subsection (4.5); or (c) the 90-day period for the acceptance of security under paragraph (4.53)(b). Security for tax on distributions of taxable Canadian property to non-resident beneficiaries (a) solely because of the application of subsection 107(5), paragraphs 107(2)(a) to (c) do not apply to a distribution by a trust in a particular taxation year (in this section referred to as the trust's "distribution year") of taxable Canadian property, and
Les règles ci-après s’appliquent à la fiducie qui est une succession assujettie à l’imposition à taux progressifs : a) et b) [Abrogés, 2013, ch. 34, art. 231] c) le revenu d’une personne, pour une année d’imposition, tiré d’une fiducie est réputé être le bénéfice qu’elle en retire pour l’année d’imposition ou les années d’imposition de la fiducie qui se sont terminées au cours de cette année, déterminé en vertu du présent article et de l’article 105; d) lorsqu’un particulier tirant un revenu de la fiducie décède après la fin d’une année d’imposition de la fiducie, mais avant la fin de l’année civile où cette année d’imposition s’est terminée, ce revenu, pour la période commençant immédiatement après la fin de l’année d’imposition et se terminant lors du décès du particulier, doit être inclus dans le calcul du revenu du particulier pour l’année d’imposition où il est décédé, sauf si son représentant légal a choisi de ne pas le faire; dans ce cas, son représentant légal doit produire une déclaration distincte de revenu pour cette période en vertu de la présente partie et payer l’impôt pour cette période en vertu de la présente partie comme si : (i) le particulier était une autre personne, (ii) cette période était une année d’imposition, (iii) le seul revenu de cette autre personne pour cette période était le revenu du particulier tiré de la fiducie pour cette période, (iv) sous réserve des articles 114.2 et 118.93, cette autre personne avait droit aux déductions auxquelles le particulier avait droit en application des articles 110, 118 à 118.7 et 118.9 pour cette période dans le calcul de son revenu imposable ou de son impôt payable en vertu de la présente partie, selon le cas, pour cette période. e) [Abrogé, 2014, ch. 39, art. 26]
(b) the trust elects, in prescribed manner on or before the trust’s balance-due day for the distribution year, that this subsection and subsections (4.61) to (4.63) apply in respect of the distribution year, the following rules apply: (c) the Minister shall, until the trust’s balance-due day for a subsequent taxation year, accept adequate security furnished by or on behalf of the trust on or before the trust’s balance-due day for the distribution year for the lesser of (i) the amount determined by the formula A is the total amount of taxes under Parts I and I.1 that would be payable by the trust for the distribution year if the exclusion or deduction of each amount referred to in paragraph 161(7)(a) were not taken into account, B is the total amount of taxes under those Parts that would have been so payable if the rules in subsection 107(2) (other than the election referred to in paragraph (b)) applied to each disposition by the trust in the distribution year of property (other than property subsequently disposed of before the beginning of the subsequent year) to which paragraph (a) applies, and C is the total of all amounts deemed under this or any other Act to have been paid on account of the trust’s tax under this Part for the distribution year, and (ii) where the subsequent year immediately follows the distribution year, the amount determined under subparagraph (i), and in any other case, the amount determined under this paragraph in respect of the trust for the taxation year that immediately precedes the subsequent year, and (i) interest under this Act for any period that ends on the trust’s balance-due day for the subsequent year and throughout which security is accepted by the Minister, and (ii) any penalty under this Act computed with reference to the trust’s tax payable for the year that was, without reference to this paragraph, unpaid shall be computed as if the particular amount for which adequate security has been accepted under this subsection were an amount paid by the trust on account of the particular amount. (4.61) Notwithstanding subsection (4.6), the Minister is deemed at any time not to have accepted security under that subsection in respect of a trust’s distribution year for any amount greater than the amount, if any, by which (a) the total amount of taxes that would be payable by the trust under Parts I and I.1 for the year if the exclusion or deduction of each amount referred to in paragraph 161(7)(a), in respect of which the day determined under paragraph 161(7)(b) is after that time, were not taken into account (b) the total amount of taxes that would be determined under paragraph (a) if paragraphs 107(2)(a) to (c) had applied to each distribution by the trust in the year of property to which paragraph (1)(a) applies. (4.62) Subject to subsection (4.7), where it is determined at any particular time that security accepted by the Minister under subsection (4.6) is not adequate to secure the particular amount for which it was furnished by or on behalf of a trust, (a) subject to a subsequent application of this subsection, the security shall be considered after the particular time to secure only the amount for which it is adequate security at the particular time; (b) the Minister shall notify the trust in writing of the determination and shall accept adequate security, for all or any part of the particular amount, furnished by or on behalf of the trust within 90 days after the notification; and (c) any security accepted in accordance with paragraph (b) is deemed to have been accepted by the Minister under subsection (4.6) on account of the particular amount at the particular time. Restriction (4.63) Where in the opinion of the Minister it would be just and equitable to do so, the Minister may at any time extend (a) the time for making an election under subsection (4.6); (b) the time for furnishing and accepting security under subsection (4.6); or (c) the 90-day period for the acceptance of the security under paragraph (4.62)(b). Undue hardship (4.7) If, in respect of any period of time, the Minister determines that an individual who has made an election under either subsection (4.5) or (4.6) (a) cannot, without undue hardship, pay or reasonably arrange to have paid on the individual’s behalf, an amount of taxes to which security under that subsection would relate, and (b) cannot, without undue hardship, provide or reasonably arrange to have provided on the individual’s behalf, adequate security under that subsection, the Minister may, in respect of the election, accept for the period security different from, or of lesser value than, that which the Minister would otherwise accept under that subsection. (4.71) In making a determination under subsection (4.7), the Minister shall ignore any transaction that is a disposition, lease, encumbrance, mortgage, hypothec, or other voluntary restriction by a person or partnership of the person’s or partnership’s rights in respect of a property, if the transaction can reasonably be considered to have been entered into for the purpose of influencing the determination. Administration of oaths
Pour l’application des paragraphes (6), (7), (7.01), (13), (16) et (20), du sous-alinéa 53(2)(h)(i.1) et des paragraphes 94(5.2) et (8), une somme est réputée ne pas être devenue payable à un bénéficiaire au cours d’une année d’imposition à moins qu’elle n’ait été payée au cours de l’année ou que le bénéficiaire n’ait eu droit au cours de l’année d’en exiger le paiement. Pension benefits (c) where (d) where the benefit --- Prestations de retraite
Any officer or servant employed in connection with the administration or enforcement of this Act, if designated by the Minister for the purpose, may, in the course of that employment, administer oaths and take and receive affidavits, declarations and affirmations for the purposes of or incidental to the administration or enforcement of this Act or regulations made thereunder, and every officer or servant so designated has for those purposes all the powers of a commissioner for administering oaths or taking affidavits. Assignment by corporation
Lorsqu’un fiducie qui reçoit une prestation de retraite ou de pension, ou un avantage dans le cadre d’un mécanisme de retraite étranger, au cours d’une année d’imposition au cours de laquelle elle réside au Canada et est la succession assujettie à l’imposition à taux progressifs d’un particulier, indique, dans sa déclaration de revenu pour l’année produite en vertu de la présente partie, un montant pour un de ses bénéficiaires, égal à la fraction de la prestation — appelée « part du bénéficiaire » au présent paragraphe — qu’elle n’a attribuée à aucun autre des bénéficiaires et qu’il est raisonnable de considérer (compte tenu des circonstances, y compris des modalités de l’acte de fiducie) comme faisant partie du montant qui, par l’application du paragraphe 104(13), a été inclus dans le calcul du revenu du bénéficiaire pour une année d’imposition donnée, les règles ci-après s’appliquent : a) la part du bénéficiaire sur la prestation est réputée, pour l’application des paragraphes 118(3) et (7), être un versement visé au sous-alinéa a)(i) de la définition de revenu de pension au paragraphe 118(7) qui est incluse dans le calcul du revenu du bénéficiaire pour l’année donnée si : (i) la prestation est un montant visé à ce sous-alinéa, (ii) d’autre part, le bénéficiaire était l’époux ou le conjoint de fait du particulier; b) la part du bénéficiaire sur la prestation est, pour l’application de l’alinéa 60j) et (7), un montant admissible pour le bénéficiaire pour l’année donnée si la prestation, selon le cas : (i) est un montant unique, au sens du paragraphe 147.1(1), à l’exception d’un montant afférent à un surplus actuariel, payé par un régime de pension agréé versé à la fiducie par suite du décès, le particulier étant, au moment de son décès, l’époux ou le conjoint de fait du bénéficiaire, (ii) est un montant inclus dans le total calculé selon l’alinéa 60j) au titre du bénéficiaire pour une année d’imposition au cours de laquelle la fiducie a reçu la prestation, à la condition que le bénéficiaire ait reçu celle-ci au même moment que la fiducie; c) lorsque la prestation est un montant unique, au sens du paragraphe 147.1(1), qu’un régime de pension agréé verse à la fiducie par suite du décès du particulier : (i) si le bénéficiaire était, immédiatement avant le décès, l’enfant ou le petit-enfant du particulier et DPSP benefits (27.1) Where Death benefit
Notwithstanding section 67 of the Financial Administration Act and any other provision of a law of Canada or a province, a corporation may assign any amount payable to it under this Act.
[Repealed, 2003, c. 28, s. 11(2)] Idem c) la fiducie l’indique, pour le bénéficiaire, dans sa déclaration de revenu produite pour l’année de la fiducie en vertu de la présente partie. Prestation de décès
An assignment referred to in subsection 220(6) is not binding on Her Majesty in right of Canada and, without limiting the generality of the foregoing, (a) the Minister is not required to pay to the assignee the assigned amount; (b) the assignment does not create any liability of Her Majesty in right of Canada to the assignee; and (c) the rights of the assignee are subject to all equitable and statutory rights of set-off in favour of Her Majesty in right of Canada. Regulations
Si la succession assujettie à l’imposition à taux progressifs d’un particulier reçoit une somme au moment du décès du particulier ou par la suite en reconnaissance des services rendus par lui dans le cadre d’une charge ou d’un emploi, la fraction de la somme qui est raisonnable de considérer (compte tenu des circonstances, y compris les modalités de l’acte de fiducie) comme étant payée ou à payer à un moment donné à un bénéficiaire de la succession est réputée : a) être une somme reçue par le bénéficiaire à ce moment après ou au moment du décès en reconnaissance des services rendus par le particulier dans le cadre d’une charge ou d’un emploi; b) ne pas être une somme reçue par la succession, sauf pour l’application du présent paragraphe.
(a) prescribing anything that, by this Act, is to be prescribed or is to be determined or regulated by regulation; (b) prescribing the evidence required to establish facts relevant to assessments under this Act; (c) to facilitate the assessment of tax where deductions or exemptions of a taxpayer have changed in a taxation year; (d.1) requiring any person or partnership to provide any information — including their name, address, business number, Social Insurance Number or trust account number — to any class of persons required to make an information return containing that information; (d.2) requiring any class of persons to make information available to the public for the purpose of making information returns respecting any class of information required in connection with assessments under this Act; (e) requiring a person who is, by a regulation made under paragraph 221(1)(d), required to make an information return to supply a copy of the information return or of a prescribed part thereof to the person to whom the information return or part thereof relates; (g) providing for the retention by way of deduction or set-off of the amount of a taxpayer’s income tax or other indebtedness under this Act out of any amount or amounts that may be or become payable by Her Majesty to the taxpayer in respect of salary or wages; (h) defining the classes of persons who may be regarded as dependent for the purposes of this Act; (i) defining the classes of non-resident persons who may be regarded for the purposes of this Act (i) as a spouse or common-law partner supported by a taxpayer, or (ii) as a person dependent or wholly dependent on a taxpayer for support, and specifying the evidence required to establish that a person belongs to any such class; and (j) generally to carry out the purposes and provisions of this Act.
[Abrogé, 2003, ch. 28, art. 11(2)] Impôt prévu à la partie XII.2
A regulation made under this Act shall have effect from the date it is published in the Canada Gazette or at such time thereafter as may be specified in the regulation unless the regulation provides otherwise and it (a) has a relieving effect only; (b) corrects an ambiguous or deficient enactment that was not in accordance with the objects of this Act or the Income Tax Regulations; (c) is consequential on an amendment to this Act that is applicable before the date the regulation is published in the Canada Gazette; or (i) before the date on which the announcement was made, in the case of a deduction or withholding from an amount paid or credited, and (ii) before the taxation year in which the announcement is made, in any other case. Regulations binding Crown
Pour l’application de la présente partie, l’impôt payé par une fiducie en application de la partie XII.2 pour une année d’imposition doit être déduit dans le calcul de son revenu pour l’année. Idem
Regulations made under paragraph 221(1)(d) or 221(1)(e) are binding on Her Majesty in right of Canada or a province. Incorporation by reference
Pour l’application du paragraphe (13), le montant qui, par rapport à une année d’imposition d’une fiducie, est réputé par le paragraphe 210.2(3) payé par le bénéficiaire de la fiducie au titre de son impôt payable en vertu de la présente partie est réputé être un montant relatif au revenu de la fiducie pour l’année qui est devenu payable par la fiducie au bénéficiaire à la fin de l’année d’imposition de la fiducie pour l’année. Avantages provenant de fiducies 105 (1) Sous réserve du paragraphe (2), la valeur des avantages conférés à un contribuable pendant une année 1970-71-72, c. 63, s. 1 "105"; 1988, c. 55, s. 72. Impenses, etc.
A regulation made under this Act may incorporate by reference material as amended from time to time.
La partie d’une somme versée par une fiducie sur ses propres revenus, pour impenses, pour entretien de biens ou pour impôts concernant ces biens, qui, en vertu de l’acte de fiducie, doivent être entretenus pour l’usage d’un tenant viager ou d’un bénéficiaire, dans la mesure où elle est raisonnable dans les circonstances, est incluse dans le calcul du revenu de ce tenant viager, tiré de la fiducie, pour l’année d’imposition relativement à laquelle elle a été versée. NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1970-71-72, c. 63, art. 1 "105"; 1988, ch. 55, art. 72. Participation au revenu d’une fiducie 106 (1) Lorsqu’une somme relative à la participation d’un contribuable au revenu d’une fiducie est incluse en application du paragraphe (2) ou 104(13) dans le calcul du revenu de ce contribuable pour une année d’imposition, à moins évidement qu’une somme relative à cette participation ait déjà été déduite dans le calcul du revenu imposable du contribuable conformément au paragraphe 112(1) ou 138(6): a) la somme ainsi incluse dans le calcul de son revenu pour l’année; b) l’excédent éventuel du prix que le contribuable a payé en contrepartie du droit de participer au revenu sur le total des sommes qui étaient déductibles au titre de cette participation, en vertu du présent paragraphe, dans le calcul de son revenu pour les années d’imposition antérieures. (i) the proceeds of disposition exceed [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 106; 2001, c. 17, s. 79; 2013, c. 34, s. 232(F).] exceeds (b) [Repealed, 2001, c. 17, s. 80] Income Tax PART I Income Tax DIVISION B Computation of Income
NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; 2017, c. 20, s. 28. Application of interest
exceeds Impôt sur le revenu
NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; 1994, c. 7, Sch. II, s. 183.
enactment referred to in paragraphs 223(1)(a) to 223(1)(d), the Minister may, on application by the person, appropriate the particular amount, or a part thereof, to another amount that is or may become payable under any such enactment and, for the purposes of any such enactment, (a) the later appropriation shall be deemed to have been made at the time of the earlier appropriation; (b) the earlier appropriation shall be deemed not to have been made to the extent of the later appropriation; and (c) the particular amount shall be deemed not to have been paid on account of the debt to the extent of the later appropriation.
If a particular amount was appropriated to an amount (in this section referred to as the “debt”) that is or may become payable by a person under this Act, the Excise Tax Act, the Air Travellers Security Charge Act, the Excise Act, 2001, the Underused Housing Tax Act, the Select Luxury Items Tax Act, the Digital Services Tax Act or the Global Minimum Tax Act, the Minister may, on application by the person, appropriate the particular amount, or a part of it, to another amount that is or may become payable under any of those Acts and, for the purposes of any of those Acts, (a) the later appropriation is deemed to have been made at the time of the earlier appropriation; (b) the earlier appropriation is deemed not to have been made to the extent of the later appropriation; and (c) the particular amount is deemed not to have been paid on account of the debt to the extent of the later appropriation. [NOTE: Application provisions are not included in the consolidated text; see relevant amendment acts and regulations.]
(II) soit un montant que la fiducie lui a attribué en application du paragraphe 104(20), (B) dans le cas où le contribuable est une fiducie, un montant que la fiducie lui a attribué en application des paragraphes 104(19) ou (20), (C) dans le cas où le contribuable n’est pas une société, une fiducie ou une société de personnes, un montant que la fiducie lui a attribué en application du paragraphe 104(20), excède (ii) la partie du total déterminé selon le sous-alinéa (i) qu’il est raisonnable de considérer comme ayant entraîné une réduction, selon le présent alinéa, de la perte, déterminée par ailleurs, que le contribuable a subie lors d’une disposition antérieure d’une participation dans la fiducie; d) lorsque le contribuable est une société de personnes, la part d’une personne (autre qu’une société de personnes ou une fiducie de fonds commun de placement) sur une perte de la société de personnes résultant de la disposition est réputée égale à l’excédent éventuel de cette perte déterminée par ailleurs sur l’excédent éventuel du total visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii); (i) le total des montants représentant chacun un dividende que la fiducie a reçu, ou aurait reçu n’eût été le paragraphe 104(19), sur une action du capital-actions d’une société avant la disposition et, s’il s’agit d’une fiducie d’investissement à participation unitaire, après 1987 et qui constitue : (A) dans le cas où la personne est une société : (I) soit un dividende imposable que la fiducie a attribué au contribuable en application du paragraphe 104(19), jusqu’à concurrence de la fraction de ce dividende qui était déductible selon l’article 112 ou les paragraphes 115(1) ou 138(6) dans le calcul du revenu imposable de la personne, ou de son revenu imposable gagné au Canada, pour une année d’imposition, (II) soit un dividende que la fiducie a attribué au contribuable en application du paragraphe 104(20) et un montant que la personne a reçu, exceeds exceeds Income Tax PART I Income Tax DIVISION B Computation of Income
action means an action to collect a tax debt of a taxpayer and includes a proceeding in a court and anything done by the Minister under subsection 129(2), 131(3), 132(2) or 164(2), section 203 or any provision of this Part. (action) tax debt means any amount payable by a taxpayer under this Act. (dette fiscale)
exceeds Impôt sur le revenu
A tax debt is a debt due to Her Majesty and is recoverable as such in the Federal Court or any other court of competent jurisdiction or in any other manner provided by this Act. No actions after limitation period
The Minister may not commence an action to collect a tax debt after the end of the limitation period for the collection of the tax debt.
The limitation period for the collection of a tax debt of a taxpayer (a) begins (i) if a notice of assessment, or a notice referred to in subsection 226(1), in respect of the tax debt is sent to or served on the taxpayer, after March 3, 2004, on the day that is 90 days after the day on which the last one of those notices is sent or served, and (ii) if subparagraph (i) does not apply and the tax debt was payable on March 4, 2004, or would have been payable on that date but for a limitation period that otherwise applied to the collection of the tax debt, on March 4, 2004; and (b) ends, subject to subsection (8), on the day that is 10 years after the day on which it begins.
The limitation period described in subsection (4) for the collection of a tax debt of a taxpayer restarts (and ends, subject to subsection (8), on the day that is 10 years after the day on which it restarts) on any day, before it would otherwise end, on which (a) the taxpayer acknowledges the tax debt in accordance with subsection (6); (b) the Minister commences an action to collect the tax debt; or (c) the Minister, under subsection 159(3) or 160(2) or paragraph 227(10)(a), assesses any person in respect of the tax debt.
(i) le contribuable a acquis une partie de la participation d’une personne qui était le bénéficiaire quant à la participation immédiatement avant cette acquisition, (ii) il serait déterminé par ailleurs que le coût d’une partie de la participation n’est pas nul selon l’article 48, en son état avant 1993, ou selon les alinéas 111(4)(e) ou 128.1(1)(c) ou (4)(c). Juste valeur marchande réputée — bien autre qu’une immobilisation (1.2) Pour l’application de l’article 10, la juste valeur marchande, à un moment donné, d’une participation au capital d’une fiducie est réputée correspondre au total des sommes suivantes : a) la somme qui correspondrait à sa juste valeur marchande à ce moment en l’absence du présent paragraphe; b) le total des sommes représentant chacune une somme qui serait visée, relativement à la participation au capital, au sous-alinéa 53(2)(h)(i.1) s’il n’était pas tenu compte de sa subdivision (B)(I), et qui est devenue payable au contribuable avant ce moment. Distribution par une fiducie personnelle
A taxpayer acknowledges a tax debt if the taxpayer (a) promises, in writing, to pay the tax debt; (b) makes a written acknowledgement of the tax debt, whether or not a promise to pay can be inferred from the acknowledgement and whether or not it contains a refusal to pay; or (c) makes a payment, including a purported payment by way of a negotiable instrument that is dishonoured, on account of the tax debt. Agent or legal representative
Sous réserve des paragraphes (2.001), (2.002) et (4) à (5), les règles ci-après s’appliquent dans le cas où, à un moment donné, une fiducie personnelle ou une fiducie visée par règlement effectue, au profit d’un contribuable bénéficiaire, une distribution (qui ne constitue pas un fait lié à la conversion d’une EIPD-fiducie) de ses biens qui donne lieu à la disposition de la totalité ou d’une partie de la participation du contribuable au capital de la fiducie : a) la fiducie est réputée avoir disposé de ces biens et en avoir tiré un produit égal au coût indiqué de ces biens, pour la fiducie, immédiatement avant ce moment; b) sous réserve du paragraphe (2.2), le contribuable est réputé avoir acquis les biens à un coût égal à la somme de leur coût indiqué pour la fiducie immédiatement avant ce moment et du pourcentage déterminé de l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le prix de base rajusté pour lui de la participation au capital ou de la partie de cette participation, selon le cas, immédiatement avant ce moment (déterminé compte non tenu de l’alinéa (1)a)), Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this section, an acknowledgement made by a taxpayer’s agent or legal representative has the same effect as if it were made by the taxpayer.
(ii) [Repealed, 2016, c. 12, s. 36] (iii) in any other case, 50%; exceeds (d.1) [Repealed, 2010, c. 12, s. 10] (e) [Repealed, 1994, c. 7, Sch. VIII, s. 43] (f) [Repealed, 2016, c. 12, s. 36] Impôt sur le revenu
In computing the day on which a limitation period ends, there shall be added the number of days on which one or more of the following is the case: (a) the Minister may not, because of any of subsections 225.1(2) to (5), take any of the actions described in subsection 225.1(1) in respect of the tax debt; (b) the Minister has accepted and holds security in lieu of payment of the tax debt; (c) if the taxpayer was resident in Canada on the applicable date described in paragraph (4)(a) in respect of the tax debt, the taxpayer is non-resident; or (d) an action that the Minister may otherwise take in respect of the tax debt is restricted or not permitted under any provision of the Bankruptcy and Insolvency Act, of the Companies’ Creditors Arrangement Act or of the Farm Debt Mediation Act.
Notwithstanding any law of Canada or a province, Her Majesty is not liable for any claim that arises because the Minister collected a tax debt after the end of any limitation period that applied to the collection of the tax debt and before March 4, 2004. Orders after March 3, 2004 and before effect
Notwithstanding any order or judgment made after March 3, 2004 that declares a tax debt not to be payable by a taxpayer, or that orders the Minister to reimburse to a taxpayer a tax debt collected by the Minister, because a limitation period that applied to the collection of the tax debt ended before that order or judgment or any measure giving effect to this section, the tax debt is deemed to have become payable on March 4, 2004. Court costs
[NOTE: The dispositions of application are not included in the consolidated text; see relevant amending Acts and regulations.] 1998, c. 19, s. 223. Definition of amount payable
b.1) pour l’application de l’alinéa b), le pourcentage déterminé correspond au pourcentage applicable suivant : (i) si les biens sont des immobilisations (sauf des biens amortissables), 100 %, (ii) [Abrogé, 2016, ch. 12, art. 36] (iii) dans les autres cas, 50 %; c) le produit de disposition de la totalité ou de la partie de la participation au capital que le contribuable a disposée à l’occasion de la distribution est réputé être égal à l’excédent du coût visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le coût auquel le contribuable serait réputé par l’alinéa b) avoir acquis les biens, si le pourcentage déterminé visé à cet alinéa était de 100 %, (ii) le total des montants représentant chacun une réduction admissible au moment pour le contribuable quant à la participation au capital ou à la partie de participation; d) lorsque les biens ainsi distribués étaient des biens amortissables de la fiducie, appartenant à une catégorie prescrite, et que le montant du coût en capital de ces biens, supporté par la fiducie, dépasse le coût que le contribuable est réputé, en vertu du présent article, avoir supporté pour les acquérir, pour l’application des articles 13 et 20 et des dispositions réglementaires prises en vertu de l’alinéa 20(1)a) : (i) le coût en capital des biens, supporté par le contribuable, est réputé être celui supporté par la fiducie, (ii) l’excédent est réputé avoir été déductible par le contribuable, relativement aux biens, en vertu des dispositions réglementaires prises en application de l’alinéa 20(1)a), dans le calcul de son revenu pour des années d’imposition antérieures à son acquisition de ces biens.
(a) an amount payable under this Act by the person; (b) an amount payable under the Employment Insurance Act by the person; (c) an amount payable under the Canada Pension Plan by the person; and (d) an amount payable by the person under an Act of a province with which the Minister of Finance has entered into an agreement for the collection of taxes payable to the province under that Act.
d.1) [Abrogé, 2010, ch. 12, art. 10] e) [Abrogé, 1994, ch. 7, ann. VIII, art. 43] f) [Abrogé, 2016, ch. 12, art. 36] Roulement — choix d’une fiducie (2.001) Lorsqu’une fiducie distribue un bien à l’un de ses bénéficiaires en règlement total ou partiel de la participation de celui-ci à son capital, le paragraphe (2) ne s’applique pas à la distribution si la fiducie en fait le choix dans un formulaire prescrit présenté au ministre avec sa déclaration de revenu pour son année d’imposition où le bien est distribué et si l’un des faits ci-après se vérifie : a) la fiducie réside au Canada au moment de la distribution; b) le bien est un bien canadien imposable; c) le bien est soit une immobilisation utilisée dans le cadre d’une entreprise que la fiducie exploite par l’entremise d’un établissement stable (au sens du règlement) au Canada immédiatement avant le moment de la distribution, soit un bien porté à l’inventaire d’une telle entreprise. Roulement — choix d’un bénéficiaire (2.002) Lorsqu’une fiducie non-résidente distribue un bien (sauf celui visé aux alinéas (2.001)b) ou c)) à l’un de ses bénéficiaires en règlement total ou partiel de la participation de celui-ci à son capital, les règles ci-après s’appliquent si le bénéficiaire fait le choix en vertu du présent paragraphe dans un formulaire prescrit présenté au ministre avec sa déclaration de revenu pour son année d’imposition où le bien est distribué : a) le paragraphe (2) ne s’applique pas à la distribution; b) pour l’application du sous-alinéa (1)a)(ii), le coût indiqué de la participation pour le bénéficiaire est réputé nul. Distribution de résidence principale (2.01) Lorsqu’une fiducie personnelle distribue à un moment donné, à un contribuable dans les circonstances visées au paragraphe (2), un bien qui serait sa résidence principale, au sens de l’article 54, pour une année d’imposition si elle l’avait désignée comme telle en application de l’alinéa c.1) de la définition de résidence principale de cet article, les règles ci-après s’appliquent si la fiducie en fait le choix dans sa déclaration de revenu pour l’année d’imposition qui comprend ce moment : a) la fiducie est réputée avoir disposé du bien immédiatement avant le moment situé juste avant le moment donné, pour un produit égal à la juste valeur marchande du bien au moment donné; Income Tax PART I Income Tax DIVISION B Computation of Income
An amount payable by a person (in this section referred to as a “debtor”) that has not been paid or any part of an amount payable by the debtor that has not been paid may be certified by the Minister as an amount payable by the debtor. Registration in court
Other distributions Impôt sur le revenu
On production to the Federal Court, a certificate made under subsection 223(2) in respect of a debtor shall be registered in the Court and when so registered has the same effect, and all proceedings may be taken thereon, as if the certificate were a judgment obtained in the Court against the debtor for a debt in the amount certified plus interest thereon to the day of payment as provided by the statute or statutes referred to in subsection 223(1) under which the amount is payable and, for the purpose of any such proceedings, the certificate shall be deemed to be a judgment of the Court against the debtor for a debt due to Her Majesty, enforceable in the amount certified plus interest thereon to the day of payment as provided by that statute or statutes.
All reasonable costs and charges incurred or paid in respect of the registration in the Court of a certificate made under subsection 223(2) or in respect of any proceedings taken to collect the amount certified are recoverable in like manner as if they had been included in the amount certified in the certificate when it was registered. Charge on property
A document issued by the Federal Court evidencing a certificate in respect of a debtor registered under subsection (3), a writ of that Court issued pursuant to the certificate or any notification of the document or writ (such document, writ or notification in this section referred to as a “memorial”) may be filed, registered or otherwise recorded for the purpose of creating a charge, lien or priority on, or a binding interest in, property in a province, or any interest in, or for civil law any right in, such property, held by the debtor in the same manner as a document evidencing (a) a judgment of the superior court of the province against a person for a debt owing by the person, or (b) an amount payable or required to be remitted by a person in the province in respect of a debt owing to Her Majesty in right of the province may be filed, registered or otherwise recorded in accordance with or pursuant to the law of the province to Creation of charge
If a memorial has been filed, registered or otherwise recorded under subsection (5), (a) a charge, lien or priority is created on, or a binding interest is created in, property in the province, or any interest in, or for civil law any right in, such property, held by the debtor, or (b) such property, or interest or right in the property, is otherwise bound, in the same manner and to the same extent as if the memorial were a document evidencing a judgment referred to in paragraph (5)(a) or an amount referred to in paragraph (5)(b), and the charge, lien, priority or binding interest created shall be subordinate to any charge, lien, priority or binding interest in respect of which all steps necessary to make it effective against other creditors were taken before the time the memorial was filed, registered or otherwise recorded. Proceedings in respect of memorial
b) la fiducie est réputée avoir acquis le bien de nouveau au moment juste avant le moment donné à un coût égal à cette juste valeur marchande. Autres distributions (2.1) Lorsque, à un moment donné, une fiducie effectue, au profit d’un de ses bénéficiaires, une distribution de biens qui donnerait lieu à la disposition de la totalité ou d’une partie de la participation du bénéficiaire au capital de la fiducie (laquelle participation ou partie de participation est appelée « ancienne participation » au présent paragraphe) s’il était fait abstraction des alinéas h) et i) de la définition de disposition au paragraphe 248(1), et que les règles énoncées aux paragraphes (2) et (3.1) et aux articles 88.1 et 132.2 ne s’appliquent pas à la distribution, les règles suivantes s’appliquent : a) la fiducie est réputée avoir disposé du bien pour un produit égal à sa juste valeur marchande à ce moment; b) le bénéficiaire est réputé avoir acquis le bien à un coût égal au produit déterminé selon l’alinéa a); c) sauf si la fiducie est une fiducie de fonds commun de placement, le produit de disposition de l’ancienne participation ou de la partie de l’ancienne participation que le bénéficiaire a disposé au moment de la distribution est réputé être égal à l’excédent : (i) du produit déterminé selon l’alinéa a) (sauf la partie éventuelle de ce produit qui représente un paiement auquel s’applique l’alinéa h) ou i) de la définition de disposition au paragraphe 248(1)), sur la somme des montants suivants : (ii) si le bien n’est pas un avoir minier canadien ou un avoir minier étranger, l’excédent éventuel de sa juste valeur marchande à ce moment sur la somme des montants suivants : (A) le coût indiqué du bien pour la fiducie immédiatement avant ce moment, (B) la partie éventuelle de l’excédent qui serait déterminé selon le présent sous-alinéa s’il n’était pas tenu compte de la présente division, qui représente un paiement auquel s’applique l’alinéa h) ou i) de la définition de disposition au paragraphe 248(1), (iii) le total des montants représentant chacun un montant de réduction admissible à ce moment pour le contribuable quant à l’ancienne participation; d) malgré les alinéas a) à c), lorsque la fiducie ne réside pas au Canada à ce moment, que le bien n’est pas visé aux alinéas (2.001)b) ou c) et que, en l’absence du présent alinéa, un contribuable n’aurait pas de revenu, de perte, de gain en capital imposable ou de perte en capital déductible relativement au bien en raison de l’application du paragraphe 75(2) à la disposition du bien à ce moment : (i) la fiducie est réputée avoir disposé du bien pour un produit égal à son coût indiqué, (ii) le bénéficiaire est réputé avoir acquis le bien à un coût égal à sa juste valeur marchande, et (iii) le produit de disposition, pour le bénéficiaire, de la partie de l’ancienne participation dont il a disposé au moment de la distribution est réputé être égal à l’excédent de la juste valeur marchande du bien sur le total des montants suivants : (A) la partie du montant de la distribution qui est un paiement auquel s’applique l’alinéa h) ou i) de la définition de disposition au paragraphe 248(1), (B) le total des montants représentant chacun un montant de réduction admissible à ce moment pour le contribuable quant à l’ancienne participation; e) lorsque la fiducie est une fiducie de fonds commun de placement, que la distribution est effectuée au cours d’une de ses années d’imposition qui est antérieure à son année d’imposition 2003, qu’elle a fait, pour l’année, le choix prévu au paragraphe (2.11) et qu’elle en fait le choix relativement à la distribution dans le formulaire prescrit produit avec sa déclaration de revenu pour l’année : (i) il n’est pas tenu compte de l’alinéa c), (ii) le produit de disposition, pour le bénéficiaire, de la partie de l’ancienne participation dont il a disposé lors de la distribution est réputé être égal au montant déterminé selon l’alinéa a). Election — subsection (2.11) Flow-through entity Gains non distribués aux bénéficiaires (2.11) Si une fiducie résidant au Canada pour une année d’imposition effectue au cours de l’année une ou plusieurs distributions auxquelles le paragraphe (2.1) s’applique et fait, sur le formulaire prescrit produit avec sa déclaration pour l’année ou pour une année d’imposition antérieure, un choix afin que l’un des alinéas ci-après s’applique, son revenu pour l’année, déterminé compte non tenu du paragraphe 104(6), est calculé, pour l’application des paragraphes 104(6) et (13), sans égard aux distributions suivantes : a) si le choix prévoit l’application du présent alinéa, celles des distributions en cause, sauf les distributions d’espèces libellées en dollars canadiens, qui ont été effectuées au profit de personnes non résidentes, y compris les sociétés de personnes autres que les sociétés de personnes canadiennes; b) si le choix prévoit l’application du présent alinéa, l’ensemble des distributions en cause, sauf les distributions d’espèces libellées en dollars canadiens. Choix — paragraphe (2.11) (2.12) Le choix qu’une fiducie de fonds commun de placement fait en vertu du paragraphe (2.11) est réputé, pour les années d’imposition 2003 et suivantes de la fiducie, ne pas avoir été fait, si à la fois : a) il est fait après le 20 décembre 2000 et s’applique à une année d’imposition se terminant avant 2003; b) le produit de disposition de la participation d’un bénéficiaire de la fiducie a été déterminé selon l’alinéa (2.1)e). Entité intermédiaire (2.2) Lorsque, à un moment antérieur à 2005, une fiducie visée aux alinéas h), i) ou j) de la définition de entité intermédiaire au paragraphe 39.1(1) distribue des biens à l’un de ses bénéficiaires en règlement de tout ou partie des participations de celui-ci dans la fiducie et que le bénéficiaire présente au ministre, au plus tard à la date d’échéance de production qui lui est applicable pour une année d’imposition qui comprend ce moment, un choix concernant les biens sur le formulaire prescrit, il est inclus dans le coût pour le bénéficiaire d’un bien (sauf de l’argent) qu’il a reçu dans le cadre de la distribution : a) l’excédent éventuel du solde des gains en capital exonérés, au sens du paragraphe 39.1(1), du bénéficiaire relativement à la fiducie pour l’année sur le total des montants représentant chacun : Income Tax PART I Income Tax DIVISION B Computation of Income
If a memorial is filed, registered or otherwise recorded in a province under subsection 223(5), proceedings may be taken in the province in respect of the memorial, including proceedings (a) to enforce payment of the amount evidenced by the memorial, interest on the amount and all costs and charges paid or incurred in respect of (i) the filing, registration or other recording of the memorial, and (ii) proceedings taken to collect the amount, (b) to renew or otherwise prolong the effectiveness of the filing, registration or other recording of the memorial, (c) to cancel or withdraw the memorial wholly or in respect of any of the property, or interests or rights, affected by the memorial, or (d) to postpone the effectiveness of the filing, registration or other recording of the memorial in favour of any right, charge, lien or priority that has been or is intended to be filed, registered or otherwise recorded in respect of any property, or interest or right, affected by the memorial, in the same manner and to the same extent as if the memorial were a document evidencing a judgment.
Application of subsection (3.1)
referred to in paragraph 223(5)(a) or an amount referred to in paragraph 223(5)(b), except that if in any such proceeding or as a condition precedent to any such proceeding any order, consent or ruling is required under the law of the province to be made or given by the superior court of the province or a judge or official of the court, a like order, consent or ruling may be made or given by the Federal Court or a judge or official of the Federal Court and, when so made or given, has the same effect for the purposes of the proceeding as if it were made or given by the superior court of the province or a judge or official of the court. (a) a memorial is presented for filing, registration or other recording under subsection (5) or a document relating to the memorial is presented for filing, registration or other recording for the purpose of any proceeding described in subsection (7) to any official in the land registry system, personal property or movable property registry system, or other registry system, of a province, it shall be accepted for filing, registration or other recording, or (b) access is sought to any person, place or thing in a province to make the filing, registration or other recording, the access shall be granted in the same manner and to the same extent as if the memorial or document relating to the memorial were a document evidencing a judgment referred to in paragraph 223(5)(a) or an amount referred to in paragraph 223(5)(b) for the purpose of a like proceeding, as the case may be, except that, if the memorial or document is issued by the Federal Court or signed or certified by a judge or official of that Court, any affidavit, declaration or other evidence required under the law of the province to be provided with or to accompany the memorial or document in the proceedings is deemed to have been provided with or to have accompanied the memorial or document as so required.
Subsection (3.1) applies to a trust’s distribution of property to a taxpayer if Impôt sur le revenu
Notwithstanding any law of Canada or of a province, a sheriff or other person shall not, without the written consent of the Minister, sell or otherwise dispose of any property, or publish any notice or otherwise advertise in respect of any sale or other disposition of any property pursuant to any process issued or charge, lien, priority or binding interest created in any proceeding to collect an amount certified in a certificate made under subsection 223(2), interest on the amount and costs, but if that consent is subsequently given, any property that would have been affected by such a process, charge, lien, priority or binding interest if the Minister’s consent had been given at the time the process was issued or the charge, lien, priority or binding interest was created, as the case may be, shall be bound, seized, attached, charged or otherwise affected as it would be if that consent had been given at the time the process was issued or the charge, lien, priority or binding interest was created, as the case may be. Completion of notices, etc.
If information required to be set out by any sheriff or other person in a minute, notice or document required to be completed for any purpose cannot, by reason of subsection 223(9), be so set out, the sheriff or other person shall complete the minute, notice or document to the extent possible without that information and, when the consent of the Minister is given under that subsection, a further minute, notice or document setting out all the information shall be completed for the same purpose, and the sheriff or other person having complied with this subsection is deemed to have complied with the Act, regulation or rule requiring the information to be set out in the minute, notice or document. Application for an order
A sheriff or other person who is unable, by reason of subsection 223(9) or 223(10), to comply with any law or rule of court is bound by any order made by a judge of the Federal Court, on an ex parte application by the Minister, for the purpose of giving effect to the proceeding, charge, lien, priority or binding interest. Deemed security (11.1) When a charge, lien, priority or binding interest created under subsection 223(6) by filing, registering or otherwise recording a memorial under subsection 223(5) is registered in accordance with subsection 87(1) of the Bankruptcy and Insolvency Act, it is deemed (a) to be a claim that is secured by a security and that, subject to subsection 87(2) of that Act, ranks as a secured claim under that Act; and (b) to also be a claim referred to in paragraph 86(2)(a) of that Act. Details in certificates and memorials
Notwithstanding any law of Canada or of a province, in any certificate made under subsection 223(2) in respect of a debtor, in any memorial evidencing the certificate or in any writ or document issued for the purpose of collecting an amount certified, it is sufficient for all purposes (a) to set out, as the amount payable by the debtor, the total of amounts payable by the debtor without setting out the separate making up that total; and (b) to refer to the rate of interest to be charged on the separate amounts making up the amount payable in general terms as interest at the rate prescribed under this Act applicable from time to time on amounts payable to the Receiver General without indicating the specific rates of interest to be charged on each of the separate amounts or to be charged for any particular period of time.
(i) un montant qui, par l’effet de l’article 39.1 et pour l’année, est appliqué en réduction d’un gain en capital, en raison du solde des gains en capital exonérés du bénéficiaire relativement à la fiducie, (ii) le double du montant qui, par l’effet de l’article 39.1 et pour l’année, est appliqué en réduction d’un gain en capital imposable, en raison du solde des gains en capital exonérés du bénéficiaire relativement à la fiducie, (iii) un montant inclus dans le coût pour le bénéficiaire d’un autre bien qu’il a reçu à un moment donné au cours de l’année par l’effet du présent paragraphe; b) l’excédent de la juste valeur marchande du bien à ce moment sur son prix de base rajusté pour la fiducie immédiatement avant ce moment; c) le montant indiqué au titre du bien dans le formulaire contenant le choix. Application du par. (3.1)
Le paragraphe (3.1) s’applique à la distribution d’un bien effectuée par une fiducie, si les conditions suivantes sont réunies : a) la distribution constitue un fait lié à la conversion d’une EIPD-fiducie auquel l’article 88.1 ne s’applique pas; b) le bien est une action et les seules actions distribuées à l’occasion d’un fait lié à la conversion d’une EIPD-fiducie de la fiducie font partie d’une seule catégorie du capital-actions d’une société canadienne imposable; c) si la fiducie est une EIPD convertible, la distribution est effectuée au plus tard 60 jours après le premier en date des moments suivants : (i) le moment du premier fait lié à la conversion d’un EIPD-fiducie de la fiducie, (ii) le moment de la première distribution, effectuée au profit de la fiducie, qui constitue un fait lié à la conversion d’une EIPD-fiducie d’une autre fiducie. Fait lié à la conversion d’une EIPD-fiducie (3.1) Si le présent paragraphe s’applique à la distribution d’un bien effectuée par une fiducie, les règles suivantes s’appliquent : a) la fiducie est réputée avoir disposé du bien contre un produit de disposition égal au prix de base a) la fiducie est réputée avoir disposé du bien pour un produit de disposition égal à son prix de base rajusté pour elle immédiatement avant la distribution; b) le contribuable est réputé avoir disposé de sa participation à titre de bénéficiaire de la fiducie pour un produit de disposition égal à son coût indiqué pour lui immédiatement avant la distribution; c) le contribuable est réputé avoir acquis le bien à un coût égal à celle des sommes suivantes qui est applicable : (i) si, à tout moment où la fiducie effectue une distribution qui constitue un fait lié à la conversion d’une EIPD-fiducie, le contribuable est le seul bénéficiaire de la fiducie et est une EIPD convertible ou une société canadienne imposable, le prix de base rajusté du bien pour la fiducie immédiatement avant la distribution, (ii) dans les autres cas, le coût indiqué pour le contribuable de sa participation à titre de bénéficiaire de la fiducie immédiatement avant la distribution; d) si la participation du contribuable à titre de bénéficiaire de la fiducie était un bien canadien imposable du contribuable immédiatement avant la disposition, le bien est réputé l’être également à tout moment de la période de 60 mois suivant la distribution; e) si une dette de la fiducie devient, par suite de la distribution, une dette de la société visée à l’alinéa (3)b) relativement à la distribution et que la somme à payer par la société à l’échéance de la dette correspond à celle qui aurait été à payer par la fiducie au même moment : (i) d’une part, le transfert de la dette par la fiducie à la société est réputé ne pas avoir été effectué, (ii) d’autre part, la dette est réputée : (A) avoir été contractée ou émise par la société au moment où elle l’a été par la fiducie et aux termes de la convention selon laquelle elle a été contractée ou émise, (B) ne pas avoir été contractée ou émise par la fiducie. Fiducie en faveur de l’époux, du conjoint de fait ou de soi-même
Subsections 223(9) to 223(11) are applicable with respect to certificates made under section 223, or section 223 of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, after September 13, 1988. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; 1988, c. 55, s. 168.] Garnishment
Si les conditions ci-après sont réunies, le paragraphe (2.1), mais non le paragraphe (2), s’applique au bien (ii) the cessation of the trust’s existence. Where subsection 75(2) applicable to trust (i) the particular trust, or qu’une fiducie visée à l’alinéa 104(4)(a) distribue à un bénéficiaire : a) le bénéficiaire n’est pas : (i) l’époux ou le conjoint de fait mentionné à l’alinéa 104(4)(a), dans le cas d’une fiducie au profit de l’époux ou du conjoint de fait postérieure à 1971, (ii) le contribuable mentionné à l’alinéa 104(4)(a), dans le cas d’une fiducie en faveur de soi-même, (iii) le contribuable, l’époux ou le conjoint de fait mentionné à l’alinéa 104(4)(a), dans le cas d’une fiducie mixte au profit de l’époux ou du conjoint de fait; b) la distribution du bien est effectuée au plus tard au premier en date des moments suivants : (i) le moment d’une nouvelle acquisition, relative à un bien de la fiducie, effectuée immédiatement après le jour visé à l’alinéa 104(4)(a), (ii) le moment où la fiducie cesse d’exister. Cas d’application du paragraphe 75(2) à une fiducie (4.1) Si les conditions ci-après sont réunies, le paragraphe (2.1), mais non le paragraphe (2), s’applique à la distribution d’un bien d’une fiducie personnelle donnée ou une fiducie donnée visée par règlement, (sauf celle d’un bien exclu de la fiducie donnée) effectuée par la fiducie donnée à un contribuable bénéficiaire de cette fiducie : a) la distribution a été effectuée en règlement de la totalité ou d’une partie de la participation du contribuable au capital de la fiducie donnée; b) le paragraphe 75(2) était applicable (déterminé compte non tenu du passage « et pendant qu’elle réside au Canada » de ce paragraphe et comme si le paragraphe 75(3), en son état avant le 21 mars 2013, s’appliquait compte non tenu de son alinéa c.2)) ou le paragraphe 94(8.2) était applicable (déterminé compte non tenu de l’alinéa 94(8.1)a)) à un moment donné aux biens : (i) soit de la fiducie donnée, (ii) soit d’une fiducie comptant parmi ses biens un bien qui, par suite d’une ou de plusieurs dispositions auxquelles le paragraphe 107(4.3) s’est appliqué, est devenu un bien de la fiducie donnée, lequel bien, après le moment donné avant la distribution, n’a pas fait l’objet d’une disposition pour un Income Tax PART I Income Tax DIVISION B Computation of Income
(1.1) Without limiting the generality of subsection 224(1), where the Minister has knowledge or suspects that within 90 days (a) a bank, credit union, trust company or other similar person (in this section referred to as the “institution”) will lend or advance moneys to, or make a payment on behalf of, or make a payment in respect of a negotiable instrument issued by, a tax debtor who is indebted to the institution and who has granted security in respect of the indebtedness, or (b) a person, other than an institution, will lend or advance moneys to, or make a payment on behalf of, a tax debtor who the Minister knows or suspects (i) is employed by, or is engaged in providing services or property to, that person or was or will be, within 90 days, so employed or engaged, or (ii) where that person is a corporation, is not dealing at arm’s length with that person, the Minister may in writing require the institution or person, as the case may be, to pay in whole or in part to the Receiver General on account of the tax debtor’s liability under this Act the moneys that would otherwise be so lent, advanced or paid and any moneys so paid to the Receiver General shall be deemed to have been lent, advanced or paid, as the case may be, to the tax debtor. Garnishment (1.2) Notwithstanding any other provision of this Act, the Bankruptcy and Insolvency Act, any other enactment of Canada, any enactment of a province or any law, but subject to subsections 69(1) and 69.1(1) of the Bankruptcy and Insolvency Act and section 11.09 of the Companies’ Creditors Arrangement Act, if the Minister has knowledge or suspects that a particular person is, or will become within one year, liable to make a payment (a) to another person (in this subsection referred to as the “tax debtor”) who is liable to pay an amount assessed under subsection 227(10.1) or a similar provision, or (b) to a secured creditor who has a right to receive the payment that, but for a security interest in favour of the secured creditor, would be payable to the tax debtor, the Minister may in writing require the particular person to pay forthwith, where the moneys are immediately payable, and in any other case as and when the moneys become payable, the moneys otherwise payable to the tax debtor or the secured creditor in whole or in part to the Receiver General on account of the tax debtor’s liability under subsection 227(10.1) or the similar provision, and on receipt of that requirement by the particular person, the amount of those moneys that is so required to be paid to the Receiver General shall, notwithstanding any security interest in those moneys, become the property of Her Majesty to the extent of that liability as assessed by the Minister and shall be paid to the Receiver General in priority to any such security interest. secured creditor means a person who has a security interest in the property of another person or who acts for or on behalf of that person with respect to the security interest and includes a trustee appointed under a trust deed relating to a security interest, a receiver or receiver manager appointed by a secured creditor or by a court on the application of a secured creditor, a sequestrator or any other person performing a similar function; (créancier garanti) security interest means any interest in, or for civil law any right in, property that secures payment or performance of an obligation and includes an interest, or for civil law a right, created by or arising out of a debenture, mortgage, hypothec, lien, pledge, charge, deemed or actual trust, assignment or encumbrance of any kind whatever, however or whenever arising, created, deemed to arise or otherwise provided for; (garantie) similar provision means a provision, similar to subsection 227(10.1), of any Act of a province that imposes a tax similar to the tax imposed under this Act, where the province has entered into an agreement with the Minister of Finance for the collection of the taxes payable to the province under that Act. (disposition semblable) Garnishment (1.4) Provisions of this Act that provide that a person who has been required to do so by the Minister must pay to the Receiver General an amount that would otherwise be lent, advanced or paid to a taxpayer who is liable to make a payment under this Act, or to that taxpayer’s secured creditor, apply to Her Majesty in right of Canada or a province.
Distribution to non-resident Income Tax PART I Income Tax DIVISION B Computation of Income
The receipt of the Minister for moneys paid as required under this section is a good and sufficient discharge of the original liability to the extent of the payment.
Loss reduction (b) either Impôt sur le revenu
Where the Minister has, under this section, required a person to pay to the Receiver General on account of a liability under this Act of a tax debtor moneys otherwise payable by the person to the tax debtor as interest, rent, remuneration, a dividend, an annuity or other periodic payment, the requirement applies to all such payments to be made by the person to the tax debtor until the liability under this Act is satisfied and operates to require payments to the Receiver General out of each such payment of such amount as is stipulated by the Minister in the requirement.
Every person who fails to comply with a requirement under subsection 224(1), 224(1.2) or 224(3) is liable to pay to Her Majesty an amount equal to the amount that the person was required under subsection 224(1), 224(1.2) or 224(3), as the case may be, to pay to the Receiver General. (4.1) Every institution or person that fails to comply with a requirement under subsection 224(1.1) with respect to moneys to be lent, advanced or paid is liable to pay to Her Majesty an amount equal to the lesser of (a) the total of moneys so lent, advanced or paid, and (b) the amount that the institution or person was required under that subsection to pay to the Receiver General.
Where a person carries on business under a name or style other than the person’s own name, notification to the person of a requirement under subsection 224(1), 224(1.1) or 224(1.2) may be addressed to the name or style under which the person carries on business and, in the case of personal service, shall be deemed to be validly served if it is left with an adult person employed at the place of business of the addressee.
Where persons carry on business in partnership, notification to the persons of a requirement under subsection 224(1), 224(1.1) or 224(1.2) may be addressed to the partnership name and, in the case of personal service, shall be deemed to be validly served if it is served on one of the partners or left with an adult person employed at the place of business of the partnership. Recovery by deduction or set-off
dispositions, correspondre à la moins élevée des sommes suivantes : a) l’impôt payable par la fiducie en vertu de la présente partie pour l’année, calculé avant la prise en compte des conséquences fiscales futures déterminées pour l’année; b) le montant qui serait déterminé selon l’alinéa a) si le paragraphe (5) ne s’appliquait pas à chaque distribution, effectuée au cours de l’année, de biens canadiens imposables auxquels les règles énoncées au paragraphe (2) ne s’appliquent pas par le seul effet du paragraphe (5). Réduction de la perte résultant de la disposition d’un bien
Malgré les autres dispositions de la présente loi, en cas de disposition d’un bien par une personne ou société de personnes — appelée « vendeur » au présent paragraphe —, la perte du vendeur, déterminée par ailleurs, qui en résulterait doit être réduite de la partie qu’il est raisonnable de considérer s’être ainsi accumulée au cours d’une période où : a) d’une part, le bien ou un bien y substitué était détenu par une fiducie; b) d’autre part, l’un des faits suivants s’avère : (i) la fiducie ne résidait pas au Canada et le bien ou un bien y substitué n’était pas un bien canadien imposable de la fiducie, (ii) ni le vendeur, ni une personne qui serait affiliée à celui-ci si l’article 251.1 s’appliquait compte non tenu de la définition de contrôlé au paragraphe 251.1(3), n’avait de participation au capital de la fiducie. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois modificatives appropriées.]
Payment of moneys seized from tax debtor
Income Tax PART I Income Tax DIVISION B Computation of Income
writing require the particular person to turn over the moneys otherwise restorable to the tax debtor in whole or in part to the Receiver General on account of the tax debtor’s liability under this Act or under the Act of the province, as the case may be. Receipt of Minister
(NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.) | R.S., 1985, c. 1 (5th Supp.), s. 107.1; 2001, c. 17, s. 81; 2010, c. 25, s. 17. Impôt sur le revenu
The receipt of the Minister for moneys turned over as required by this section is a good and sufficient discharge of the requirement to restore the moneys to the tax debtor to the extent of the amount so turned over.
Property seized under this section shall be kept for 10 days at the cost and charges of the owner and, if the owner does not pay the amount owing together with the costs and charges within the 10 days, the property seized shall be sold by public auction.
Except in the case of perishable goods, notice of the sale setting out the time and place thereof, together with a general description of the property to be sold shall, a reasonable time before the goods are sold, be published at least once in one or more newspapers of general local circulation. Surplus returned to owner
a) dans le cas d’une fiducie d’employés, d’une fiducie de soins de santé au bénéfice d’employés ou d’une fiducie visée à l’alinéa a.1) de la définition de fiducie au paragraphe 108(1) : (i) la fiducie est réputée avoir disposé de ces biens immédiatement avant ce moment et en avoir tiré un produit égal à leur juste valeur marchande à ce moment, (ii) le contribuable est réputé avoir acquis ces biens à un coût égal à leur juste valeur marchande à ce moment; b) dans le cas d’une fiducie régie par un régime de prestations aux employés : (i) la fiducie est réputée avoir disposé de ces biens et en avoir tiré un produit égal au coût indiqué de ces biens, pour la fiducie, immédiatement avant ce moment, (ii) le contribuable est réputé avoir acquis ces biens à un coût égal au plus élevé des montants suivants : (A) la juste valeur marchande des biens à ce moment, (B) le prix de base rajusté de sa participation ou de la partie de celle-ci, selon le cas, immédiatement avant ce moment; c) le contribuable est réputé avoir disposé de la totalité de sa participation ou de la partie de celle-ci, selon le cas, et en avoir tiré un produit égal au prix de base rajusté de sa participation ou de la partie de celle-ci immédiatement avant ce moment; d) lorsque les biens étaient des biens amortissables de la fiducie appartenant à une catégorie prescrite et que le montant du coût en capital de ces biens, supporté par la fiducie, dépasse le coût que le contribuable est réputé, aux termes du présent article, avoir supporté pour les acquérir, pour l’application des articles 13 et 20 ainsi que des dispositions réglementaires prises en vertu de l’alinéa 20(1)a) : (i) le coût en capital des biens, supporté par le contribuable, est réputé être celui supporté par la fiducie, (ii) l’excédent est réputé avoir été déductible par le contribuable, relativement aux biens, en vertu des dispositions réglementaires prises en application de l’alinéa 20(1)a), dans le calcul de son revenu pour R.S., 1985, c. 1 (5th Supp.), s. 107.2; 2013, c. 34, s. 234(F). Application [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: 1995, c. 3, s. 30; 1998, c. 19, s. 18; 2013, c. 40, s. 45.] (d) [Repealed, 2013, c. 34, s. 235] a) pour l’application des paragraphes 111(5.5) et 149(10), la fiducie est réputée cesser à ce moment d’être exonérée de l’impôt payable en vertu de la présente partie sur son revenu imposable; b) chaque bénéficiaire de la fiducie immédiatement avant ce moment est réputé recevoir de la fiducie à ce moment une somme correspondant au pourcentage de la juste valeur marchande des biens de la fiducie immédiatement après ce moment qu’il est raisonnable de considérer comme représentant sa participation dans la fiducie; c) chaque bénéficiaire de la fiducie est réputé acquérir immédiatement après ce moment une participation dans la fiducie à un coût égal à la somme qu’il est réputé, en vertu de l’alinéa b), avoir reçue de la fiducie. Application
Any surplus resulting from the sale after deduction of the amount owing and all costs and charges shall be paid or returned to the owner of the property seized.
Le paragraphe 104(13) et les articles 105 à 107 ne s’appliquent pas à une fiducie pour une année d’imposition au cours de laquelle elle est une fiducie pour l’environnement admissible. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent texte consolidé; voir les lois et règlements modificatifs appropriés : 1995, ch. 3, art. 30; 1998, ch. 19, art. 18; 2013, ch. 40, art. 45.] Disposition admissible
Goods and chattels, or movable property, of any person in default that would be exempt from seizure under a writ of execution issued out of a superior court of the province in which the seizure is made are exempt from seizure under this section.
a) la disposition n’a pas pour effet de changer la propriété effective du bien; b) le produit de disposition ne serait pas déterminé selon la présente loi s’il était fait abstraction du présent article et des articles 69 et 73; c) la fiducie donnée réside au Canada au moment du transfert; d) [Abrogé, 2013, ch. 34, art. 235] e) à moins que le cédant ne soit une fiducie, aucune personne ou société de personnes (sauf le cédant, ou dans le cas où le bien est détenu en copropriété, chacun des co-cédants) n’a, immédiatement après la disposition, de droit absolu ou conditionnel à titre de bénéficiaire (déterminé par rapport au paragraphe 104(1.1)) de la fiducie donnée; f) le cédant n’est pas un particulier (sauf une fiducie visée à l’un des alinéas a) à e.1) de la définition de fiducie au paragraphe 108(1)), dans le cas où la fiducie donnée est visée à l’un des alinéas a) à e.1) de la définition de fiducie au paragraphe 108(1); g) la disposition ne fait pas partie d’une des séries d’opérations ou d’événements suivantes : (i) celle commençant après le 17 décembre 1999 et comprenant l’acquisition ultérieure, moyennant contrepartie à une fiducie personnelle, d’une participation au capital ou d’une participation au revenu de la fiducie, (ii) celle commençant après le 17 décembre 1999 et comprenant la disposition de la totalité ou d’une partie d’une participation au capital ou d’une participation au revenu d’une fiducie personnelle, sauf une disposition effectuée uniquement par suite de la distribution d’un bien, d’une fiducie à une personne ou à une société de personnes, en règlement de la totalité ou d’une partie de cette participation, (iii) celle commençant après le 5 juin 2000 et comprenant le transfert d’un bien à la fiducie donnée en contrepartie de l’acquisition d’une participation au capital de cette fiducie, s’il est raisonnable de considérer que celle-ci a reçu le bien en vue de financer une distribution (sauf celle qui correspond au produit de disposition d’une participation au capital de la fiducie); h) la disposition n’est pas une opération qui se produit après le 17 décembre 1999 et qui comprend la remise au cédant, pour la disposition, d’une contrepartie (sauf celle qui est une participation du cédant à titre de bénéficiaire de la fiducie donnée ou qui consiste à la prise en charge par la fiducie donnée d’une dette pour laquelle il est raisonnable de considérer, au moment de la disposition, que le bien est une garantie), ni ne fait partie d’une telle opération; i) le paragraphe 73(1) ne s’applique pas à la disposition et ne s’y appliquerait pas, à la fois : (i) aucun choix n’avait été fait en vertu de ce paragraphe, (ii) l’article 73 s’appliquait compte non tenu de son paragraphe (1.02); j) si le cédant est une fiducie au profit d’un athlète amateur, une fiducie créée à l’égard d’un fonds réservé, au sens de l’alinéa 138.1(1)a), une fiducie d’employés, une fiducie réputée en vertu du paragraphe 143(1) Income Tax PART I Income Tax DIVISION B Computation of Income
(b) certify the amount under section 223, (c) require a person to make a payment under subsection 224(1), (g) give a notice, issue a certificate or make a direction under subsection 225(1). (1.1) The collection-commencement day in respect of an amount is (a) in the case of an amount assessed under subsection 188.1(1) in respect of a notice of intention to revoke given under subsection 168(1) or any of subsections 149.1(2) to (4.1), one year after the day on which the notice was mailed; (b) in the case of an amount assessed under section 188.1, one year after the day on which the notice of assessment was sent; (b.1) in the case of an amount payable under any of subsections 211.92(2) to (5), in respect of the day on which the notice of assessment is sent, (i) for one-fifth of the amount, one year after that day,
Application of paragraph (1)(a)
(ii) for two-fifths of the amount, two years after that day, (iii) for three-fifths of the amount, three years after that day, (iv) for four-fifths of the amount, four years after that day, and (v) for the entire amount, five years after that day; and (c) in any other case, 90 days after the day on which the notice of assessment was sent. No action by Minister
For the purpose of paragraph (1)(a), Fractional interests Impôt sur le revenu
If a taxpayer has served a notice of objection under this Act to an assessment of an amount payable under this Act, the Minister shall not, for the purpose of collecting the amount in controversy, take any of the actions described in paragraphs (1)(a) to (g) until after the day that is 90 days after the day on which notice is sent to the taxpayer that the Minister has confirmed or varied the assessment.
Where a taxpayer has appealed from an assessment of an amount payable under this Act to the Tax Court of Canada, the Minister shall not, for the purpose of collecting the amount in controversy, take any of the actions described in paragraphs (1)(a) to (g) before the day of mailing of a copy of the decision of the Court to the taxpayer or the day on which the taxpayer discontinues the appeal, whichever is the earlier.
Where a taxpayer has agreed under subsection 173(1) that a question should be determined by the Tax Court of Canada, or where a taxpayer is served with a copy of an application made under subsection 174(1) to that Court for the determination of a question, the Minister shall not take any of the actions described in paragraphs (1)(a) to (g) for the purpose of collecting that part of an amount assessed, the liability for payment of which will be affected by the determination of the question, before the day on which the question is determined by the Court.
Notwithstanding any other provision in this section, where a taxpayer has served a notice of objection under this Act to an assessment or has appealed to the Tax Court of Canada from an assessment and agrees in writing with the Minister to delay proceedings on the objection or appeal, as the case may be, until judgment has Restriction been given in another action before the Tax Court of Canada, the Federal Court of Appeal or the Supreme Court of Canada in which the issue is the same or substantially the same as that raised in the objection or appeal of the taxpayer, the Minister may take any of the actions described in paragraphs (1)(a) to (g) for the purpose of collecting the amount assessed, or a part thereof, determined in a manner consistent with the decision or judgment of the Court in the other action at any time after the Minister notifies the taxpayer in writing that (a) the decision of the Tax Court of Canada in that action has been mailed to the Minister, (b) judgment has been pronounced by the Federal Court of Appeal in that action, or (c) judgment has been delivered by the Supreme Court of Canada in that action, as the case may be. (a.1) an amount payable under section 281; (b) an amount required to be deducted or withheld, and required to be remitted or paid, under this Act or the Regulations; (c) an amount of tax required to be paid under section 116 or a regulation made under subsection 215(4) but not so paid; (d) the amount of any penalty payable for failure to remit or pay an amount referred to in paragraph (b) or (c) as and when required by this Act or a regulation made under this Act; and
exister à l’égard d’une congrégation qui est une partie constituante d’un organisme religieux, une fiducie pour l’entretien d’un cimetière, une fiducie visée à l’alinéa 149(1)o.4) ou une fiducie régie par un arrangement de services funéraires, un compte d’épargne libre d’impôt, un régime de participation des employés aux bénéfices, un régime enregistré d’épargne-études, un régime enregistré d’épargne-invalidité ou un régime enregistré de prestations supplémentaires de chômage, la fiducie donnée est une fiducie de même type. Application de l’alinéa (1)a)
If an amount has been assessed under this Act in respect of a corporation for a taxation year in which it was a large corporation, or in respect of a particular amount claimed under section 110.1 or 118.1 where the particular amount was claimed in respect of a tax shelter, then subsections (1) to (4) do not limit any action of the Minister to collect (a) at any time on or before the particular day that is 90 days after the day of the sending of the notice of assessment, 1/2 of the amount so assessed; and (b) at any time after the particular day, the amount, if any, by which the amount so assessed exceeds the total of (i) all amounts collected before that time with respect to the assessment, and (ii) 1/2 of the amount in controversy at that time. Definition of large corporation
Les présomptions suivantes s’appliquent dans le cadre de l’alinéa (1)a) : a) sauf en cas d’application de l’alinéa b), lorsqu’une fiducie (appelée « fiducie cédante » au présent alinéa et au paragraphe (2.1)) dispose, au cours d’une période d’une durée maximale d’un jour, d’un ou de plusieurs biens en faveur d’une ou de plusieurs autres fiducies, la disposition est réputée ne pas avoir pour effet de changer la propriété effective des biens si les conditions suivantes sont réunies : (i) la fiducie cédante ne reçoit aucune contrepartie pour la disposition, (ii) par suite de la disposition, la valeur de la propriété effective de chaque bénéficiaire, au début de la période relativement à la fiducie cédante, en ce qui concerne chaque bien donné de cette fiducie (ou d’un groupe de plusieurs biens de cette fiducie qui sont identiques les uns aux autres) est la même que la valeur de la propriété effective du bénéficiaire, à la fin de la période relativement à la fiducie cédante et de l’autre ou des autres fiducies, en ce qui concerne chaque bien donné (ou un bien qui, immédiatement avant la disposition, est compris dans le groupe de biens identiques susmentionnés); b) lorsqu’une fiducie (appelée « cédant » au présent alinéa) qui est régie par un régime enregistré d’épargne-retraite ou un fonds enregistré de revenu de retraite transfère des biens à une fiducie (appelée « cessionnaire » au présent alinéa) qui est régie par un tel régime ou un tel fonds, le transfert est réputé ne pas avoir pour effet de changer la propriété effective des biens si le rentier du régime ou fonds qui régit le cédant est également le rentier du régime ou fonds qui régit le cessionnaire. Droit fractionnaire (2.1) Pour l’application de l’alinéa (2)a) au transfert par une fiducie cédante d’un bien qui comprend une action et de l’argent, l’autre ou les autres fiducies visées à cet Income Tax PART I Income Tax DIVISION B Computation of Income
For the purposes of this section and section 235, a corporation (other than a corporation described in subsection 181.1(3)) is a large corporation in a particular taxation year if the total of the taxable capital employed in Canada of the corporation, at the end of the particular taxation year, and the taxable capital employed in Canada of any other corporation, at the end of the other corporation’s last taxation year that ends at or before the end of the particular taxation year, if the other corporation is related (within the meaning assigned for the purposes of section 181.5) to the corporation at the end of the particular taxation year, exceeds $10 million, and, for the purpose of this subsection, a corporation formed as a result of the amalgamation or merger of 2 or more predecessor corporations is deemed to be the same corporation as, and a continuation of, each predecessor corporation. Definition of judge
exceed (c) [Repealed, 2005, c. 30, s. 4] Impôt sur le revenu
Authorization to proceed forthwith
Notwithstanding section 225.1, where, on ex parte application by the Minister, a judge is satisfied that there are reasonable grounds to believe that the collection of all or any part of an amount assessed in respect of a taxpayer would be jeopardized by a delay in the collection of that amount, the judge shall, on such terms as the judge considers reasonable in the circumstances, authorize the Minister to take forthwith any of the actions described in paragraphs 225.1(1)(a) to 225.1(1)(g) with respect to the amount. Notice of assessment not sent
An authorization under subsection 225.2(2) in respect of an amount assessed in respect of a taxpayer may be granted by a judge notwithstanding that a notice of assessment in respect of that amount has not been sent to the taxpayer at or before the time the application is made where the judge is satisfied that the receipt of the notice of assessment by the taxpayer would likely further jeopardize the collection of the amount, and for the purposes of sections 222, 223, 224, 224.1, 224.3 and 225, the amount in respect of which an authorization is so granted shall be deemed to be an amount payable under this Act.
Statements contained in an affidavit filed in the context of an application under this section may be based on belief with the grounds therefor. Service of authorization and of notice of assessment
alinéa peuvent recevoir, en remplacement du transfert d’une participation fractionnaire dans une action qui serait à effectuer par ailleurs, une somme d’argent disproportionnée ou une participation dans l’action disproportionnée (dont la valeur n’excède pas 200 $ ou, si elle est moins élevée, la juste valeur marchande de la participation fractionnaire). Conséquences fiscales des dispositions admissibles
An authorization granted under this section in respect of a taxpayer shall be served by the Minister on the taxpayer within 72 hours after it is granted, except where the judge orders the authorization to be served at some other time specified in the authorization, and, where a notice of assessment has not been sent to the taxpayer at or before the time of the application, the notice of assessment shall be served together with the authorization. How service effected
Dans le cas où une personne ou une société de personnes (appelée « cédant » au présent paragraphe) effectue, à un moment donné, la disposition admissible d’un bien en faveur d’une fiducie (appelée « fiducie cessionnaire » au présent paragraphe), les règles suivantes s’appliquent : a) le produit de disposition du bien pour le cédant est réputé égal au montant suivant : (i) si le cédant en fait le choix dans un acte présenté au ministre au plus tard à la date d’échéance de production qui lui est applicable pour son année d’imposition qui comprend le moment donné, ou à une date ultérieure acceptable pour le ministre, le montant indiqué dans le choix qui n’est pas inférieur au coût indiqué du bien pour le cédant immédiatement avant le moment donné, sans excéder la juste valeur marchande du bien au moment donné; (ii) dans les autres cas, le coût indiqué du bien pour le cédant immédiatement avant le moment donné; b) le coût du bien pour la fiducie cessionnaire est réputé égal à l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le produit déterminé selon l’alinéa a) relativement à la disposition admissible, (ii) le montant qui, par l’effet du paragraphe 100(4), des alinéas 107(1)c) ou d) ou l’un des paragraphes 112(3) à (4.2), serait appliqué en réduction de la perte du cédant, déterminée par ailleurs, résultant de la disposition admissible si le produit déterminé selon l’alinéa a) était égal à la juste valeur marchande du bien au moment donné; c) [Abrogé, 2005, ch. 30, art. 4] d) si le bien est un bien amortissable d’une catégorie prescrite du cédant et si son coût en capital pour celui-ci excède le coût auquel la fiducie cessionnaire est réputée, par le présent paragraphe, l’avoir acquis, pour l’application des articles 13 et 20 et des dispositions réglementaires prises en application de l’alinéa 20(1)a): (e) [Repealed, 2016, c. 12, s. 37] (i) le coût en capital du bien pour la fiducie cessionnaire est réputé égal au montant qui en était le coût en capital pour le cédant, (iii) l’excédent est réputé avoir été accordé à la fiducie cessionnaire à titre de déduction relative au bien, selon les dispositions réglementaires prises en application de l’alinéa 20(1)a), dans le calcul de son revenu pour les années d’imposition terminées avant le moment donné; e) [Abrogé, 2016, ch. 12, art. 37] f) si, par suite d’une opération ou d’un événement, le bien était réputé être un bien canadien imposable du cédant en vertu du présent alinéa, des alinéas 44.1(2)c), 51(1)f), 85(1)i) et 85.1(1)a), du paragraphe 85.1(5), de l’alinéa 85.1(8)b), des paragraphes 87(4) et (5) ou des alinéas 97(2)c) et 107.3(1)d), le bien est également réputé être un bien canadien imposable de la fiducie cessionnaire à tout moment de la période de 60 mois suivant l’opération ou l’événement; g) si le cédant est une fiducie réservée, au sens de l’article 138.1 : (i) l’alinéa 138.1(1)j) ne s’applique pas à la disposition d’une participation dans le cédant qui est effectuée dans le cadre de la disposition admissible, (ii) dans le calcul du montant déterminé selon l’alinéa 138.1(1)j) relativement à la disposition ultérieure d’une participation dans la fiducie cessionnaire, laquelle participation est réputée exister relativement à une police d’assurance-vie donnée, les frais d’acquisition, au sens du paragraphe 138.1(6), afférents à la police donnée sont déterminés comme si chaque montant déterminé selon les alinéas 138.1(6)a) à d) au titre de la participation du titulaire de police dans le cédant avait été déterminé relativement à sa participation dans la fiducie cessionnaire; h) si le cédant est une fiducie à laquelle un particulier (sauf une fiducie) a transféré un bien : (i) lorsque le paragraphe 73(1) s’applique au bien ainsi transféré et qu’il est raisonnable de considérer que le bien a été ainsi transféré en prévision de la cessation de la résidence du particulier au Canada, pour l’application de l’alinéa 104(4)a.3) et pour l’application du présent alinéa à une disposition effectuée par la fiducie cessionnaire après le moment donné, celle-ci est réputée, après ce moment, être une fiducie à laquelle le particulier avait transféré un bien en prévision de la cessation de sa résidence exceeds au Canada et dans les circonstances visées au paragraphe 73(1), (ii) pour l’application de l’alinéa j) de la définition de droit, participation ou intérêt exclu au paragraphe 128.1(10) et pour l’application du présent alinéa à une disposition effectuée par la fiducie cessionnaire après le moment donné, lorsque le bien ainsi transféré l’a été dans les circonstances qui seraient visées au présent paragraphe si le paragraphe (1) s’appliquait compte tenu de ses alinéas h) et i), la fiducie cessionnaire est réputée, après le moment donné, être une fiducie dans laquelle le particulier a acquis une participation par suite d’une disposition admissible; i) si le cédant est une fiducie (sauf une fiducie personnelle ou une fiducie visée par règlement pour l’application du paragraphe 107(2)), la fiducie cessionnaire est réputée n’être ni une fiducie personnelle ni une fiducie visée par règlement pour l’application du paragraphe 107(2); j) si le cédant est une fiducie et qu’un contribuable dispose de la totalité ou d’une partie de sa participation au capital du cédant par suite de la disposition admissible et acquière, en conséquence, une participation au capital de la fiducie cessionnaire ou une partie d’une telle participation : (i) le contribuable est réputé disposer de la participation au capital du cédant, ou de la partie de cette participation, pour un produit égal au coût indiqué pour lui de cette participation ou de cette partie de participation immédiatement avant le moment donné, (ii) le contribuable est réputé acquérir la participation au capital de la fiducie cessionnaire, ou la partie de cette participation, à un coût égal à l’excédent éventuel du montant visé à la division (A) sur le montant visé à la division (B): (A) le coût indiqué visé au sous-alinéa (i), (B) le montant qui, par l’effet des alinéas 107(1)c) ou d), serait appliqué en réduction de la perte du contribuable, déterminée par ailleurs, résultant de la disposition visée au sous-alinéa (i) si le produit déterminé selon ce sous-alinéa était égal à la juste valeur marchande de la participation au capital du cédant, ou de la partie de cette participation, immédiatement avant le moment donné; k) lorsque le cédant est une fiducie, que la propriété effective d’un contribuable dans le bien cesse, en raison de la disposition admissible, de découler de sa A × [(B - C)/B] - D where participation au capital du cédant et que nulle partie de la participation du contribuable au capital du cédant n’a fait l’objet d’une disposition par suite de la disposition admissible, le montant obtenu par la formule ci-après est ajouté, immédiatement après le moment donné, au coût déterminé par ailleurs de la participation du contribuable au capital de la fiducie cessionnaire : A × [(B - C)/B] - D où : A représente le coût indiqué, pour le contribuable, de sa participation au capital du cédant immédiatement avant le moment donné, B la juste valeur marchande, immédiatement avant le moment donné, de la participation du contribuable au capital du cédant, C la juste valeur marchande, au moment donné, de la participation du contribuable au capital du cédant (déterminée comme si le seul bien aliéné à ce moment était le bien donné), D le moins élevé des montants suivants : (i) l’excédent éventuel du coût indiqué, pour le contribuable, de sa participation au capital du cédant immédiatement avant le moment donné sur la juste valeur marchande de cette participation immédiatement avant ce moment, (ii) le montant maximal qui, par l’effet des alinéas 107(1)c) ou d), aurait pu être appliqué en réduction de la perte du contribuable, déterminée par ailleurs, résultant de la disposition d’une participation au capital si la participation du contribuable au capital du cédant avait fait l’objet d’une disposition immédiatement avant le moment donné; l) lorsque l’alinéa k) s’applique à la disposition admissible relativement à un contribuable, le montant qui serait déterminé selon cet alinéa relativement à la disposition admissible, si la valeur de l’élément D de la formule figurant à cet alinéa était nulle, est déduit, immédiatement après le moment donné, dans le calcul du coût, déterminé par ailleurs, de la participation du contribuable au capital du cédant; m) lorsque les alinéas j) et k) ne s’appliquent pas à la disposition admissible, le cédant est réputé acquérir la participation au capital de la fiducie cessionnaire, ou une partie de cette participation, qui est acquise par suite de la disposition admissible, au coût applicable suivant :
For the purposes of subsection 225.2(5), service on a taxpayer shall be effected by (a) personal service on the taxpayer; or (b) service in accordance with directions, if any, of a judge. Application to judge for direction
Where (A - B) × (C/D) where [NOTE: Application provisions are not included in the consolidated text; see relevant amendments and regulations.] 2001, c. 17, s. 89; 2006, c. 30, s. 4; 2007, c. 35, s. 109; 2008, c. 28, s. 16, c. 20, s. 27; 2010, c. 12, s. 11, c. 25, s. 18; 2013, c. 34, s. 235; 2014, c. 39, s. 27; 2016, c. 12, s. 37. (i) si la fiducie cessionnaire est une fiducie personnelle, un coût nul, (ii) dans les autres cas, un coût égal à l’excédent déterminé selon l’alinéa b) relativement à la disposition admissible; n) si le cédant est une fiducie et que le contribuable dispose de la totalité ou d’une partie d’une participation au revenu du cédant par suite de la disposition admissible et acquiert, en conséquence, une participation au revenu de la fiducie cessionnaire ou une partie d’une telle participation, le contribuable est réputé, pour l’application du paragraphe 106(2), ne disposer d’aucune partie de la participation au revenu du cédant au moment donné. Juste valeur marchande d’une participation dévolue
Where service on a taxpayer cannot reasonably otherwise be effected as and when required under this section, the Minister may, as soon as practicable, apply to a judge for further direction. Review of authorization
Dans les cas où les conditions suivantes sont réunies : a) une participation au capital d’une fiducie est détenue par un bénéficiaire à un moment donné; b) la participation est dévolue irrévocablement à ce moment; c) la fiducie n’est visée à aucun des alinéas a) à e.1) de la définition de fiducie au paragraphe 108(1); d) les participations dans la fiducie ne font pas habituellement l’objet de dispositions pour une contrepartie qui tient compte de la juste valeur marchande de l’actif net de la fiducie, la juste valeur marchande de la participation, à ce moment, est réputée être au moins égale au montant obtenu par la formule suivante : (A - B) × (C/D) où : A représente la juste valeur marchande totale, à ce moment, de l’ensemble des biens de la fiducie, B le total des montants représentant chacun le montant d’une dette dont la fiducie est débitrice à ce moment ou le montant de toute autre obligation de la fiducie de payer un montant impayé à ce moment-là, C la juste valeur marchande, à ce moment, de la participation (déterminée compte non tenu du présent paragraphe), D la juste valeur marchande totale, à ce moment, de l’ensemble des participations de bénéficiaire dans la fiducie (déterminée compte non tenu du présent paragraphe). [NOTE : Les dispositions d’application ne sont pas incluses dans le présent codification; voir les lois et règlements modificatifs appropriés.] 2001, ch. 17, art. 89; 2006, ch. 30, art. 4; 2007, ch. 35, art. 109; 2008, ch. 28, art. 16, ch. 20, art. 27; 2010, ch. 12, art. 11, ch. 25, art. 18; 2013, ch. 34, art. 235; 2014, ch. 39, art. 27; 2016, ch. 12, art. 37. Definitions 108 (1) In this Subdivision, (a) without reference to paragraphs 104(4)(a) and (a.1) and subsections 104(5.1), (5.2) and (12) and 107(4), beneficiary under a trust includes a person beneficially interested therein; (bénéficiaire) (A - B) × C/D where eligible real property gain [Repealed, 1995, c. 3, s. 31] eligible real property loss [Repealed, 1995, c. 3, s. 31] A - B where (appeleé « année du bénéficiaire » dans la présente définition) se terminant dans l’année de la fiducie, (iii) soit un particulier, à la fois : (A) qui a atteint 18 ans avant la fin de l’année du bénéficiaire et était une personne à charge, au sens du paragraphe 118(6), pour cette année à cause d’une déficience mentale ou physique, (B) dont le revenu, déterminé compte tenu du paragraphe 104(14), pour l’année du bénéficiaire ne dépasse pas le montant applicable pour l’année représenté par l’élément F de la formule figurant au paragraphe 118(1.1); b) il est : (i) l’auteur de la fiducie, (ii) l’époux ou conjoint de fait ou l’ex-époux ou l’ancien conjoint de fait de l’auteur de la fiducie, (iii) l’enfant, le petit-enfant ou l’arrière-petit-enfant de l’auteur de la fiducie, ou l’époux ou conjoint de fait d’une de ces personnes. (preferred beneficiary) bien agricole admissible [Abrogée, 2014, ch. 39, art. 28] bien de pêche admissible [Abrogée, 2014, ch. 39, art. 28] bien exclu Relativement à une fiducie, bien appartenant à la fiducie à la fin de 2016 et distribué par la fiducie après 2016 si, à la fois : a) la fiducie n’est pas, dans la première année d’imposition de la fiducie qui commence après 2016, une fiducie visée par le sous-alinéa c.1)(iii.1) de la définition de résidence principale de l’article 54; b) le bien était la résidence principale de la fiducie (au sens de l’article 54) pour l’année d’imposition où la disposition est effectuée, si à la fois : (i) il n’était pas tenu compte du sous-alinéa c.1)(iii.1) de cette définition, (ii) la fiducie, en application de cette définition, a désigné le bien comme sa résidence principale pour l’année d’imposition. (excluded property) bien exonéré En ce qui concerne un contribuable à un moment donné, bien dont la disposition, effectuée par le contribuable à ce moment, donne naissance à un revenu Income Tax PART I Income Tax DIVISION B Computation of Income
Where a judge of a court has granted an authorization under this section in respect of a taxpayer, the taxpayer may, on 6 clear days notice to the Deputy Attorney General of Canada, apply to a judge of the court to review the authorization. Limitation period for review application
inter vivos trust means a trust other than a testamentary trust; (fiducie non testamentaire) non-qualifying real property [Repealed, 1995, c. 3, s. 31] où un gain qui n’aurait pas pour effet d’augmenter l’impôt payable par le contribuable en vertu de la présente partie, du fait qu’il est un non-résident ou en raison d’une disposition d’un traité fiscal. (exempt property) coût indiqué S’agissant du coût indiqué pour un contribuable, à un moment donné, d’une participation au capital d’une fiducie ou d’une autre de telle participation, s’entend, sauf pour l’application du paragraphe 107(3.1) et de l’article 107.4 et malgré le paragraphe 248(1) et sauf à l’égard d’une participation au capital d’une fiducie qui est une société étrangère affiliée du contribuable à ce moment : a) dans le cas où de l’argent ou un autre bien de la fiducie a été distribué par celle-ci au contribuable en règlement de tout ou partie de sa participation au capital (hors de la liquidation de la fiducie ou autrement), du total des montants suivants : (i) l’argent ainsi distribué, (ii) les sommes représentant chacune le coût indiqué pour la fiducie, immédiatement avant ce moment, de chacun de ses autres biens, b) dans les autres cas, du montant calculé selon la formule suivante : (A - B) × C/D où : A représente le total des montants suivants : (i) l’argent de la fiducie, en main immédiatement avant ce moment, (ii) les sommes représentant chacune le coût indiqué pour la fiducie, immédiatement avant ce moment, de chacun de ses autres biens, B le total des sommes dont chacune représente une dette de la fiducie, ou la valeur d’une autre obligation de la fiducie de verser une somme quelconque, qui était impayée immédiatement avant ce moment, C la juste valeur marchande à ce moment de la participation ou de la partie au capital de la fiducie, (ii) an individual (iii) a child, grandchild or great grandchild of the settlor of the trust or the spouse or common-law partner of any such person; (bénéficiaire privilégié) qualified farm property [Repealed, 2014, c. 39, s. 28] qualified fishing property [Repealed, 2014, c. 39, s. 28] D la juste valeur marchande à ce moment de l’ensemble des participations au capital de la fiducie. (cost amount) fiducie Sont comprises parmi les fiducies tant la fiducie non testamentaire que la fiducie testamentaire; le terme ne vise toutefois pas, aux paragraphes 104(4), (5), (5.2), (12), (13.1), (13.2), (14) et (15) ainsi qu’aux articles 105 à 107: a) une fiducie au profit d’un athlète amateur, une fiducie d’employés, une fiducie de soins de santé au bénéfice d’employés, une fiducie visée à l’alinéa 49(1)o.4) ni une fiducie régie par un compte d’épargne libre d’impôt, un CELIAPP, un régime de retraite ou de revenu de retraite, un mécanisme de pension agréé collectif, un régime de prestations aux employés, un régime enregistré d’épargne-études, un régime enregistré d’épargne-invalidité, un régime enregistré d’épargne-retraite ou un régime de prestations aux employés dans le cadre ou au titre de la charge ou de l’emploi actuel ou ancien d’un particulier; b) une fiducie créée à l’égard du fonds réservé, au sens de l’article 138.1; c) une fiducie réputée, aux termes du paragraphe 143(1), exister à l’égard d’une congrégation qui est une partie constituante d’un organisme religieux; d) une fiducie de convention de retraite, au sens du paragraphe 207.5(1); e) une fiducie dont chacun des bénéficiaires est, depuis l’établissement de la fiducie, soit une fiducie visée aux alinéas a), b) ou d), soit une personne qui est bénéficiaire de la fiducie du seul fait qu’elle est bénéficiaire d’une fiducie visée à l’un des alinéas; e.1) une fiducie pour l’entretien d’un cimetière ou une fiducie régie par un arrangement de services funéraires; qualified small business corporation share [Repealed, 2014, c. 39, s. 28] (b) in relation to an inter vivos trust, Par ailleurs, n’est pas considérée comme une fiducie pour l’application, à un moment quelconque, des paragraphes 104(4), (5), (5.2), (12), (14) et (15) : f) la fiducie qui est une fiducie d’investissement à participation unitaire à ce moment; g) la fiducie dont l’ensemble des participations, à ce moment, ont été dévolues irrévocablement, à l’exception des fiducies suivantes : (i) les fiducies au profit de l’époux ou du conjoint de fait postérieures à 1971, les fiducies en faveur de soi-même, les fiducies mixtes au profit de l’époux ou du conjoint de fait ou les fiducies auxquelles l’alinéa 104(4)a.4) s’applique, (ii) [Abrogé, 2013, ch. 34, art. 236] (iii) la fiducie qui a choisi, dans sa déclaration de revenu de l’année la présente partie pour sa première année d’imposition se terminant après 1992, de se soustraire à l’application du présent alinéa, (iv) la fiducie qui réside au Canada à ce moment et dans le cas où les modalités prévoient, à ce moment, que la juste valeur marchande globale des participations dans la fiducie alors détenues par ceux de ses bénéficiaires qui ne résident pas au Canada à ce moment représente plus de 20 % de la juste valeur marchande globale, à ce moment, de l’ensemble des participations dans la fiducie alors détenues par ses bénéficiaires, (v) la fiducie dont les modalités prévoient, à ce moment, que la totalité ou une partie de la participation d’une personne dans la fiducie doit prendre fin par rapport à une période (y compris celle déterminée par rapport au décès de la personne), autrement que par l’effet des modalités de la fiducie selon lesquelles une participation dans la fiducie doit prendre fin par suite de la distribution à la personne (ou à sa succession) d’un bien de la fiducie, si la juste valeur marchande du bien à distribuer doit être proportionnelle à celle de cette participation immédiatement avant la distribution, (vi) la fiducie qui, avant ce moment et après le 17 décembre 1999, a effectué une distribution en faveur d’un bénéficiaire au titre de la participation de celui-ci à son capital, si le bénéficiaire a considéré que la distribution a été financée par une dette de la fiducie et si l’une des raisons pour lesquelles la dette a été contractée était d’éviter des impôts payables par ailleurs en vertu de la présente partie par suite du décès d’un particulier; (iii) owed to the specified party, if h) une fiducie collective des employés. (trust) fiducie au profit du conjoint antérieure à 1972 À un moment donné, fiducie établie par le testament d’un contribuable décédé avant 1972 ou établie avant le 18 juin 1971 par un contribuable durant sa vie, et qui, tout au long de la période commençant au moment où elle a été établie et se terminant au premier en date du 1er janvier 1993, du jour du décès de l’époux ou du conjoint de fait du contribuable et du moment donné, était une fiducie dans le cadre de laquelle l’époux ou le conjoint de fait du contribuable avait le droit de recevoir sa vie durant tous les revenus de la fiducie, sauf si une personne autre que l’époux ou le conjoint de fait a eu droit ou partie du revenu ou du capital de la fiducie, ou en a autrement obtenu l’usage, avant la fin de cette période. (pre-1972 spousal trust) fiducie non testamentaire Fiducie autre qu’une fiducie testamentaire. (inter vivos trust) fiducie testamentaire Relativement à une année d’imposition, fiducie qui a commencé à exister au décès d’un particulier et qui est une fiducie visée au paragraphe 248(1), à l’exception : a) d’une fiducie créée par une personne autre que le particulier; b) d’une fiducie créée après le 12 novembre 1981 si, avant la fin de l’année d’imposition, des biens ont été remis à la fiducie autrement que par un particulier lors de son décès ou postérieurement et par suite de ce décès; c) d’une fiducie créée avant le 13 novembre 1981 : (i) si, après le 28 juin 1982, des biens ont été remis à la fiducie autrement que par un particulier lors de son décès ou postérieurement et par suite de ce décès; (ii) si, avant la fin de l’année d’imposition, le total de la juste valeur marchande des biens appartenant à la fiducie et qui ont été remis à celle-ci autrement que par un particulier lors de son décès ou postérieurement et par suite de ce décès et de la juste valeur marchande des biens appartenant à la fiducie qui ont remplacé les biens remis dépasse le total de la juste valeur marchande des biens appartenant à la fiducie et qui ont été remis à celle-ci par un particulier lors de son décès ou postérieurement et par suite de ce décès et de la juste valeur marchande des biens appartenant à la fiducie qui ont remplacé les biens remis; pour l’application du présent sous-alinéa, la juste valeur marchande d’un bien est déterminée au moment de son acquisition par la fiducie; d) d’une fiducie qui, à un moment après le 20 décembre 2002 et avant la fin de l’année d’imposition, contracte une dette ou une autre obligation dont est créancier ou garant un bénéficiaire ou une autre personne ou société de personnes (appelés « partie déterminée » au présent alinéa) avec lequel un bénéficiaire de la fiducie a un lien de dépendance, sauf s’il s’agit : (i) d’une dette ou d’une autre obligation contractée par la fiducie en règlement du droit de la partie déterminée à titre de bénéficiaire de la fiducie : (A) soit d’exiger le versement d’une somme qui est incluse dans le revenu en capital de la fiducie qui est payable au plus tard à ce moment par la fiducie à la partie déterminée, (B) soit de recevoir par ailleurs une partie du capital de la fiducie, (ii) d’une dette ou d’une autre obligation envers la partie déterminée, si la dette ou l’autre obligation est payée ou réglée par la fiducie dans les douze mois suivant le décès du particulier ou, si la succession en fait la demande écrite dans ce délai, dans un délai plus long que le ministre estime raisonnable dans les circonstances, bien que la juste valeur marchande est égale ou supérieure au principal de la dette ou de l’autre obligation, (iii) d’une dette ou d’une autre obligation envers la partie déterminée, si, à la fois : (A) la dette ou l’autre obligation découle d’un paiement effectué par la partie déterminée pour la fiducie ou pour son compte, (B) en échange du paiement et en règlement complet de la dette ou de l’autre obligation, la fiducie transfère, à la partie déterminée dans les douze mois suivant le paiement ou, si la fiducie en fait la demande écrite au ministre dans ce délai, dans un délai plus long que le ministre estime raisonnable dans les circonstances, un bien dont la juste valeur marchande est égale ou supérieure au principal de la dette ou de l’autre obligation, (C) il est raisonnable de conclure que la partie déterminée aurait été prête à faire le paiement si elle n’avait pas de lien de dépendance avec la fiducie, sauf si la fiducie est la succession du particulier et que le paiement est fait dans les douze mois suivant le décès du particulier ou, si la succession en fait la demande écrite dans ce délai, dans un délai plus long que le ministre estime raisonnable dans les circonstances, (d) an RCA trust (within the meaning assigned by subsection 207.5(1)), (ii) [Repealed, 2013, c. 34, s. 236] (iv) d’une dette ou d’une autre obligation contractée par la fiducie avant le 24 octobre 2012, si, en règlement complet de la dette ou de l’autre obligation, la fiducie transfère à la personne ou à la société de personnes qui en est créancière, dans les douze mois suivant la date de sanction de la Loi de 2012 apportant des modifications techniques concernant l’impôt et les taxes, ou si la fiducie en fait la demande écrite au ministre dans ce délai, dans un délai plus long que le ministre estime raisonnable dans les circonstances, un bien dont la juste valeur marchande est égale ou supérieure au principal de la dette ou de l’autre obligation. (testamentary trust) gain admissible sur immeuble [Abrogé, 1995, ch. 3, art. 31] gains en capital imposables admissibles Quant à une fiducie pour une année d’imposition, les montants suivants : a) son plafond annuel des gains, au sens du paragraphe 110.6(1), à la fin de l’année, b) le résultat du calcul suivant : A - B où : A représente son plafond des gains cumulatifs, au sens du paragraphe 110.6(1), à la fin de l’année, B le total des montants qu’elle a attribués à des bénéficiaires, en application du paragraphe 104(21.2), pour les années d’imposition antérieures à l’année. (eligible taxable capital gains) immeuble non admissible [Abrogé, 1995, ch. 3, art. 31] montant de réduction admissible En ce qui concerne un contribuable à un moment donné relativement à la fiducie ou à une partie de sa participation au capital d’une fiducie, toute partie de dette ou d’obligation qui est prise en charge par le contribuable et qu’il est raisonnable de considérer comme imputable à un bien distribué à ce moment en règlement de la participation ou de la partie de participation, si la distribution est conditionnelle à la prise en charge par le contribuable de la partie de dette ou d’obligation. (eligible offset) participation au capital S’agissant de la participation d’un contribuable au capital d’une fiducie, les droits du contribuable à titre de bénéficiaire de la fiducie, y compris, après 1999, le droit (sauf celui acquis avant 2000 et dont il est disposé avant mars 2000), découlant de tels droits, d’exiger de la fiducie le versement d’une somme. (h) an employee ownership trust. (fiducie) Testamentary trust not disqualified N’est pas une participation au capital la participation au revenu de la fiducie. (capital interest) participation au revenu S’agissant de la participation d’un contribuable au revenu d’une fiducie, le droit, immédiat ou futur, conditionnel ou non, du contribuable à titre de bénéficiaire d’une fiducie personnelle à tout ou partie du revenu de la fiducie, ou de recevoir tout ou partie de ce revenu, y compris, après 1999, le droit (sauf celui acquis avant 2000 et dont il est disposé avant 2009) découlant d’un tel droit, y clef de la fiducie le versement d’une somme. (income interest) perte admissible sur immeuble [Abrogé, 1995, ch. 3, art. 31] revenu accumulé Le revenu d’une fiducie pour une année d’imposition, calculé, à la fois : a) compte non tenu des alinéas 104(4)a) et a.1) ni des paragraphes 104(5), (5.2) et (12) et 107(4); b) comme si la fiducie déduisait en application du paragraphe 104(6), dans le calcul de son revenu pour l’année, le montant le plus élevé auquel elle a droit; c) compte non tenu du paragraphe 122(2), sauf dans la mesure où ce paragraphe s’applique à des montants payés à une fiducie à laquelle l’alinéa 104(6)b) s’applique, avant le décès de l’époux ou du conjoint de fait mentionné à cet alinéa. (accumulating income) Crédits — rénovation domiciliaire (1.1) Pour l’application de la définition de fiducie testamentaire au paragraphe (1), ne constituent pas un apport à une fiducie les sommes suivantes : a) la dépense admissible, au sens des articles 118.04, 118.041, ou 122.92, du tout bénéficiaire de la fiducie; b) une somme versée à la fiducie, ou pour son compte, par une autre fiducie, si les énoncés ci-après se vérifient : (i) la fiducie est une succession assujettie à l’imposition à taux progressifs d’un particulier (détermination étant faite compte non tenu de la somme versée et du présent paragraphe), (ii) l’alinéa 104(13.4)b) s’applique à l’autre fiducie, pour une année d’imposition qui se termine à un moment qui est déterminé en fonction du décès du particulier, en raison d’une élection conjointe faite en vertu du sous-alinéa 104(13.4)b.1)(iii) entre l’autre fiducie et le représentant légal qui administre la succession, (A) shares, (C) cash, (D) bonds, debentures, mortgages, hypothecary claims, notes and other similar obligations, (E) marketable securities, (iv) either (ii) tout au long de la ou des périodes (appelées « périodes applicables » au présent alinéa) qui font partie de l’année en cours et tout au long desquelles les conditions énoncées à l’alinéa a) ne sont pas réunies relativement à la fiducie, la seule activité de la fiducie consiste : (A) soit à investir ses fonds dans des biens, sauf des immeubles ou des droits réels sur ceux-ci ou des biens réels ou des intérêts sur ceux-ci, (B) soit à acquérir, à détenir, à entretenir, à améliorer, à louer ou à gérer des immeubles, ou des droits réels sur ceux-ci ou des biens réels ou des intérêts sur ceux-ci — qui font partie de ses immobilisations, (C) soit à exercer plusieurs des activités visées aux divisions (A) et (B), (iii) tout au long des périodes applicables, au moins 80 % des biens de la fiducie consistent en une combinaison de biens suivants : (A) actions, (B) biens qui, en vertu de leurs modalités ou d’une convention, sont convertibles en actions ou échangeables contre des actions, ou confèrent le droit d’acquérir des actions, (C) espèces, (D) obligations, créances hypothécaires, billets et autres titres semblables, (E) valeurs négociables, (F) immeubles situés au Canada — et droits réels sur ceux-ci — ou biens réels situés au Canada — et intérêts sur ceux-ci, (G) droits ou intérêts sur des valeurs locatives ou des redevances calculées par rapport à la quantité ou à la valeur de la production provenant d’un gisement naturel de pétrole ou de gaz naturel, d’un puits de pétrole ou de gaz ou de ressources minérales, situés au Canada, ou, pour l’application du droit civil, droits relatifs à ces valeurs ou redevances, (iv) selon le cas : (A) au moins 95 % du revenu de la fiducie pour l’année en cours, déterminé compte non tenu des paragraphes 39(2), 49.2(1) et 104(6), est tiré de placements dans des valeurs visées au sous-alinéa (iii) ou de la disposition de celles-ci, (B) au moins 95 % du revenu de la fiducie pour chacune des périodes applicables, déterminé compte non tenu des paragraphes 39(2), 49.2(1) et 104(6) et comme si chacune de ces périodes était une année d’imposition, est tiré de placements dans des valeurs visées au sous-alinéa (iii) ou de la disposition de celles-ci, (vi) tout au long des périodes applicables, au plus 10 % des biens de la fiducie consistent en obligations, valeurs ou actions du capital-actions d’une société donnée ou d’un débiteur autre que Sa Majesté du chef du Canada ou d’une province ou qu’une municipalité canadienne, (vii) dans le cas où la fiducie ne serait pas une fiducie d’investissement à participation unitaire au moment donné si n’était pas tenu compte du présent sous-alinéa ni de la division (iii)(F), ses unités sont inscrites, pendant l’année en cours ou l’année d’imposition suivante, à la cote d’une bourse de valeurs désignée située au Canada, c) soit les faits ci-après se vérifient : (i) la juste valeur marchande de ses biens à la fin de 1993 était principalement attribuable à des immeubles — ou droits réels sur ceux-ci — ou des biens réels — ou intérêts sur ceux-ci, (ii) elle était une fiducie d’investissement à participation unitaire tout au long d’une année civile qui s’est terminée avant 1994, (iii) la juste valeur marchande de ses biens au moment donné est principalement attribuable à des biens visés aux alinéas a) ou b) de la définition de placement admissible à l’article 204, à des immeubles — ou droits réels sur ceux-ci — ou à l’un et l’autre de ces types de biens. Conventions de couverture de taux d’intérêt (2.1) Pour l’application du sous-alinéa (2)b)(iv), toute somme incluse dans le calcul du revenu d’une fiducie qui découle d’une convention, ou de la disposition de celle-ci, qu’il est raisonnable de considérer comme ayant été conclue par la fiducie afin de réduire le risque que présentent pour elle les fluctuations des taux d’intérêt relatifs aux dettes qu’elle contracte afin d’acquérir ou de refinancer les biens décrits au sous-alinéa (2)b)(iii) est réputée être tirée de ces biens. Trust not disqualified Revenu d’une fiducie
An application under subsection 225.2(8) shall be made (a) within 30 days from the day on which the authorization was served on the taxpayer in accordance with this section; or (b) within such further time as a judge may allow, on being satisfied that the application was made as soon as practicable. Hearing in camera
Pour l’application de la définition de participation au revenu au paragraphe (1), de la subdivision c.1)(iii.1)(D)(II) de la définition de résidence principale à l’article 54 et des définitions fiducie de prestations à vie au paragraphe 60.011(1) et fiducie étrangère exempte au paragraphe 94(1), le revenu d’une fiducie correspond à son revenu calculé compte non tenu des dispositions de la présente loi et, pour l’application de la définition de fiducie au profit du conjoint antérieure à 1972 au paragraphe (1) et des alinéas 70(6)(b) et (6.1)(b), 73(1.01)(c) et 104(4)(a), il correspond à son revenu calculé compte non tenu des dispositions de la présente loi, moins les dividendes inclus dans ce revenu qui, à cause de l’article 83, ne sont pas inclus dans le calcul du revenu de la fiducie dans le cadre des autres dispositions de la présente loi, soit qui sont visés au paragraphe 131(1), ou auxquels le paragraphe 131(1) s’applique à cause du paragraphe 130(2). Fiducie non déchue des droits
An application under subsection 225.2(8) may, on the application of the taxpayer, be heard in camera, if the taxpayer establishes to the satisfaction of the judge that the circumstances of the case justify in camera proceedings.
Pour l’application de la définition de fiducie au profit du conjoint antérieure à 1972 au paragraphe (1), des sous-alinéas 70(6)(b)(ii) et (6.1)(b)(ii) et des alinéas 73(1.01)(c) et 104(4)(a), si une fiducie a été établie par un contribuable, par testament ou autrement, nul ne personne n’est réputé avoir reçu ou obtenu ou en avoir autrement obtenu l’usage, ni avoir droit de recevoir ou d’obtenir autrement l’usage, du revenu ou du capital de la fiducie, du seul fait que l’un des énoncés ci-après s’avère : a) le paiement, ou les dispositions prises pour le paiement, par la fiducie : (i) soit de tout droit sur les biens transmis après décès payable par suite du décès du contribuable, ou de son époux ou conjoint de fait bénéficiaire de la fiducie, à l’égard d’un bien de la fiducie ou à une participation dans celle-ci, (ii) soit de tout impôt sur le revenu ou les bénéfices payable par la fiducie relativement au revenu de celle-ci; b) l’habitation, à un moment donné, par un particulier d’un logement qui est un bien appartenant à ce moment à la fiducie ou qui est relatif à un tel bien, si les énoncés ci-après se vérifient : (i) le bien est visé dans la définition de résidence principale à l’article 54 relativement à la fiducie (B) the taxpayer’s (III) child. Interpretation Variation of trusts pour son année d’imposition qui comprend ce moment, (ii) le particulier est : (A) soit le contribuable, (B) soit, relativement au contribuable, l’une des personnes suivantes : (I) son époux ou conjoint de fait, (II) son ex-époux ou ancien conjoint de fait, (III) son enfant. Interprétation
On an application under subsection 225.2(8), the judge shall determine the question summarily and may confirm, set aside or vary the authorization and make such other order as the judge considers appropriate.
Sauf disposition contraire de la présente partie : a) un montant inclus, en vertu du paragraphe 104(13) ou (14) ou de l’article 105, dans le calcul du revenu d’un bénéficiaire d’une fiducie pour une année d’imposition est réputé être un revenu que le bénéficiaire a tiré, pour l’année, d’un bien qui constitue une participation dans la fiducie et non un revenu tiré d’une autre source; b) un montant qui peut être déduit dans le calcul du montant qui, sans les paragraphes 104(6) et (12), serait le revenu d’une fiducie pour une année d’imposition ne peut être déduit par un bénéficiaire de la fiducie dans le calcul de son revenu pour une année d’imposition; Il est entendu cependant que le présent paragraphe n’a pas pour effet de modifier l’application du paragraphe 56(4.1), des articles 74.1 à 75 et 120.4 et du paragraphe 160(1.2) de la présente loi et de l’article 74 de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952. Modification des modalités d’une fiducie
Where any question arises as to the course to be followed in connection with anything done or being done under this section and there is no direction in this section with respect thereto, a judge may give such direction with regard thereto as, in the opinion of the judge, is appropriate. No appeal from review order
En cas de modification des modalités d’une fiducie à un moment donné, les règles suivantes s’appliquent : a) pour l’application des paragraphes 104(4), (5) et (5.2) et sous réserve de l’alinéa b), la fiducie est réputée, à partir de ce moment, être la même fiducie qu’avant ce moment et en constituer la continuation; b) il est entendu que l’alinéa a) ne porte pas atteinte à l’application de l’alinéa 104(4)a.1); c) pour l’application de l’alinéa 53(2)h), du paragraphe 107(1), de l’alinéa j) de la définition de droit, participation ou intérêt exclu au paragraphe 128.1(10) et de la définition de fiducie personnelle au Income Tax PART I Income Tax DIVISION B Computation of Income
No appeal lies from an order of a judge made pursuant to subsection 225.2(11). [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1985, c. 45, s. 116; 1988, c. 55, s. 170. Taxpayer leaving Canada
(i) one person, or [NOTE: Application provisions are not included in the consolidated text; see relevant amendment Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 108; 1994, c. 7, Sch. II, s. 97, Sch. VII, s. 44; 2001, c. 4, s. 185; 2005, c. 33, s. 21, c. 38, s. 61; 2006, c. 4, s. 92; 2007, c. 35, s. 19; 2013, c. 34, s. 129; 2016, c. 12, s. 14; 2022, c. 19, s. 15; 2023, c. 26, s. 39; 2024, c. 15, s. 26; 2024, c. 17, s. 32. Impôt sur le revenu
If a taxpayer fails to pay, as required, any tax, interest or penalties demanded under this section, the Minister may direct that the goods and chattels, or movable property, of the taxpayer be seized and subsections 225(2) to (5) apply, with respect to the seizure, with any modifications that the circumstances require.
Return filed with person withholding
Where a person (in this subsection referred to as the “payer”) is required by regulations made under subsection 153(1) to deduct or withhold from a payment to another person an amount on account of that other person’s tax for the year, the payer shall, in the prescribed form, file with the return payment the prescribed form.
Every person who fails to file a return as required by subsection (2) is liable to have the deduction or withholding under section 153 on account of the person’s tax made as though the person were a person who is neither married nor in a common-law partnership and is without dependants. Trust for moneys deducted
Participations acquises moyennant contrepartie
Every person who deducts or withholds an amount under this Act is deemed, notwithstanding any security interest (as defined in subsection 224(1.3)) in the amount so deducted or withheld, to hold the amount separate and apart from the property of the person and from property held by any secured creditor (as defined in subsection 224(1.3)) of that person that but for the security interest would be property of the person, in trust for Her Majesty and for payment to Her Majesty in the manner and at the time provided under this Act. (4.1) Notwithstanding any other provision of this Act, the Bankruptcy and Insolvency Act (except sections 81.1 and 81.2 of that Act), any other enactment of Canada, any enactment of a province or any other law, where at any time an amount deemed by subsection 227(4) to be held by a person in trust for Her Majesty is not paid to Her Majesty in the manner and at the time provided under this Act, property of the person and property held by any secured creditor (as defined in subsection 224(1.3)) of that person that but for a security interest (as defined in subsection 224(1.3)) would be property of the person, equal in value to the amount so deemed to be held in trust is deemed (a) to be held, from the time the amount was deducted or withheld by the person, separate and apart from the property of the person, in trust for Her Majesty whether or not the property is subject to such a security interest, and (b) to form no part of the estate or property of the person from the time the amount was so deducted or withheld, whether or not the property has in fact been kept separate and apart from the estate or property of the person and whether or not the property is subject to such a security interest and is property beneficially owned by Her Majesty notwithstanding any security interest in such property and in the proceeds thereof, and the proceeds of such property shall be paid to the Receiver General in priority to all such security interests. Meaning of security interest (4.2) For the purposes of subsections 227(4) and 227(4.1), a security interest does not include a prescribed security interest. (4.3) For greater certainty, subsections (4) to (4.2) apply to Her Majesty in right of Canada or a province where Her Majesty in right of Canada or a province is a secured creditor (within the meaning assigned by subsection 224(1.3)) or holds a security interest (within the meaning assigned by that subsection). Payments by trustees, etc.
Pour l’application de l’alinéa 53(2)(h), du sous-alinéa c)(i) de la définition de somme exclue au paragraphe 94(1), du paragraphe 107(1), de l’alinéa j) de la définition de droit, participation ou intérêt exclu au paragraphe 128.1(10) et de l’alinéa b) de la définition de fiducie personnelle au paragraphe 248(1), les règles ci-après s’appliquent : a) une participation dans une fiducie est réputée ne pas être acquise moyennant contrepartie du seul fait qu’elle a été acquise en règlement d’un droit à titre de bénéficiaire de la fiducie d’exiger de celle-ci le versement d’une somme; b) dans le cas où l’ensemble des droits de bénéficiaire acquis par voie de transfert, cession ou autre disposition de biens à la fiducie ont été acquis : (i) par une seule personne, (ii) par plusieurs personnes qui seraient liées entre elles si, à la fois : (A) une fiducie et une autre personne étaient liées l’une à l’autre, dans le cas où l’autre personne est bénéficiaire de la fiducie ou est liée à l’un de ses bénéficiaires, (B) une fiducie et une autre fiducie étaient liées l’une à l’autre, dans le cas où un bénéficiaire de la fiducie est bénéficiaire de l’autre fiducie ou est lié à l’un de ses bénéficiaires, toute participation dans la fiducie acquise par une telle personne est réputée l’avoir été à titre gratuit : [NOTE : Les dispositions d’application ne sont pas incluses dans le présent texte codifié; voir lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 108; 1994, ch. 7, ann. II, art. 97, ann. VII, art. 44; 2001, ch. 4, art. 185; 2005, ch. 33, art. 21, ch. 38, art. 61; 2006, ch. 4, art. 92; 2007, ch. 35, art. 19; 2013, ch. 34, art. 129; 2016, ch. 12, art. 14; 2022, ch. 19, art. 15; 2023, ch. 26, art. 39; 2024, ch. 15, art. 26; 2024, ch. 17, art. 32. DIVISION C Computation of Taxable Income Definitions consolidated financial statements has the same meaning as in subsection 233.8(1). (états financiers consolidés)
Where a specified person in relation to a particular person (in this subsection referred to as the “payer”) has any direct or indirect influence over the disbursements, property, business or estate of the payer and the specified person, alone or together with another person, authorizes or otherwise causes a payment referred to in subsection 135(3), 135.1(7) or 153(1), or on or in respect of which tax is payable under Part XII.5 or XIII, so to be made by or on behalf of the payer, the specified person (a) is, for the purposes of subsections 135(3) and 153(1) section 215 and this section, deemed to be a person who made the payment; a.1) is, for the purposes of subsections 135.1(7) and 211.8(2), deemed to be a person who redeemed, acquired or cancelled a share and made the payment as a consequence of the redemption, acquisition or cancellation; (b) is jointly and severally, or solidarily, liable with the payer to pay to the Receiver General (i) all amounts payable by the payer because of any of subsections 135(3), 135.1(7), 153(1) and 211.8(2) and section 215 in respect of the payment, and (ii) all amounts payable under this Act by the payer because of any failure to comply with any of those provisions in respect of the payment; and (c) is entitled to deduct or withhold from any amount paid or credited by the specified person to the payer or otherwise recover from the payer any amount paid under this subsection by the specified person in respect of the payment. (5.1) In subsection 227(5), a specified person in relation to a particular person means a person who is, in relation to the particular person or the disbursements, property, business or estate of the particular person, (c) a receiver; (e) a receiver-manager; (f) a trustee in bankruptcy or other person appointed under the Bankruptcy and Insolvency Act; (h) a secured creditor (as defined in subsection 224(1.3)); (j) any person acting in a capacity similar to that of a person referred to in any of paragraphs 227(5.1)(a) to 227(5.1)(i); (k) a person appointed (otherwise than as an employee of the creditor) at the request of, or on the advice of, a secured creditor in relation to the particular person to monitor, or provide advice in respect of, the disbursements, property, business or estate of the particular person under circumstances such that it is reasonable to conclude that the person is appointed to protect or advance the interests of the creditor; or Person includes partnership (5.2) For the purposes of this section, references in subsections 227(5) and 227(5.1) to persons include partnerships. Excess withheld, returned or applied
Calcul du revenu imposable Définitions 110 (0.1) Les définitions qui suivent s’appliquent au présent article. année de dévolution Relativement à un titre à acquérir en vertu d’une convention, correspond à : a) si la convention prévoit l’année civile durant laquelle le droit du contribuable d’acquérir le titre peut être exercé pour la première fois autrement qu’à cause d’un événement qui est raisonnablement imprévisible au moment où la convention est conclue, cette année civile; b) sinon, la première année civile durant laquelle le droit d’acquérir le titre pourrait être exercé si la convention avait prévu que tous les droits identiques d’acquérir des titres pouvaient être exercés au prorata au cours de la période qui, à la fois : (i) commence le jour où la convention a été conclue, (ii) se termine le premier de ces jours suivants : (A) le jour qui suit de soixante mois le jour où la convention a été conclue, (B) le dernier jour où le droit d’acquérir le titre peut être exercé en vertu de la convention. (vesting year) états financiers consolidés S’entend au sens du paragraphe 233.8(1). (consolidated financial statements) personne déterminée À un moment donné, personne admissible qui respecte les conditions suivantes : a) elle n’est pas une société privée sous contrôle canadien; b) si elle est un membre d’un groupe qui prépare annuellement des états financiers consolidés, le revenu consolidé total du groupe tel qu’il est indiqué dans les derniers états financiers consolidés du groupe présentés aux actionnaires (ou détenteurs d’unité) — du membre du groupe qui serait l’entité mère ultime, au sens du paragraphe 233.8(1), du groupe si le groupe était un groupe d’entreprises multinationales au sens de ce même paragraphe — avant ce moment excède 500 000 000 $; Employee options Income Tax PART I Income Tax DIVISION C Computation of Taxable Income
Where a person on whose behalf an amount has been paid under Part XII.5 or XIII to the Receiver General was not liable to pay tax under that Part or where the amount so paid is in excess of the amount that the person was liable to pay, the Minister shall, on written application made no later than 2 years after the end of the calendar year in which the amount was paid, pay to the person the amount so paid or such part of it as the person was not liable to pay, unless the person is or is about to become liable to make a payment to Her Majesty in right of Canada, in which case the Minister may apply the amount otherwise payable under this subsection to that liability and notify the person of that action. Repayment of non-resident shareholder loan (6.1) Where, in respect of a loan from or indebtedness to a corporation or partnership, a person on whose behalf an amount was paid to the Receiver General under Part XIII because of subsection 15(2) and paragraph 214(3)(a) repays the loan or indebtedness or a portion of it and it is established by subsequent events or otherwise that the repayment was not made as part of a series of loans or other transactions and repayments, the Minister shall, on written application made no later than 2 years after the end of the calendar year in which the repayment is made, pay to the person an amount equal to the lesser of (a) the amount so paid to the Receiver General in respect of the loan or indebtedness or portion of it, as the case may be, and (b) the amount that would be payable to the Receiver General under Part XIII if a dividend described in paragraph 212(2)(a) equal in amount to the amount of the loan or indebtedness repaid were paid by the corporation or partnership to the person at the time of the repayment, unless the person is or is about to become liable to make a payment to Her Majesty in right of Canada, in which case the Minister may apply the amount otherwise payable under this subsection to that liability and notify the person of that action. Foreign affiliate dumping — late-filed form (6.2) If, in respect of an investment described in subsection 212.3(10), a corporation is deemed by subparagraph 212.3(7)(d)(ii) to pay a dividend and the corporation subsequently complies with the requirements of subparagraph 212.3(7)(d)(i) in respect of the investment, (a) subject to paragraph (b), the Minister shall, on written application made on a particular day that is, or is no more than two years after, the day on which the form described in subparagraph 212.3(7)(d)(i) is filed, pay to the corporation an amount equal to the lesser of (i) the total of all amounts, if any, paid to the Receiver General, on or prior to the particular day, on behalf of a person and in respect of the liability of the person to pay an amount under Part XIII in respect of the dividend, and (ii) the amount that the person was liable to pay in respect of the dividend under Part XIII; (b) where the corporation or the person is or is about to become liable to make a payment to Her Majesty in right of Canada, the Minister may apply the amount otherwise payable under paragraph (a) to that liability and notify the corporation and, if applicable, the person, of that action; and (c) for the purposes of this Part (other than subparagraph (a)(ii)), if the amount described in subparagraph (a)(ii) exceeds the amount described in subparagraph (a)(i), the corporation is deemed to have paid that excess to the Receiver General on the day on which the form described in subparagraph 212.3(7)(d)(i) is filed. (6.3) If, in respect of a payment (as defined in subsection 18.4(1)) arising under or in connection with a hybrid mismatch arrangement (as defined in that subsection), an amount was paid to the Receiver General under Part XIII on behalf of a person because an amount was deemed to have been paid by a corporation to the person as a dividend under subsection 214(18) and a deduction is allowed in respect of the payment or a portion of it, as the case may be, under paragraph 20(1)(yy), (a) subject to paragraph (b), the Minister shall, on written application made no later than two years after the day on which the assessment is made in respect of the application of paragraph 20(1)(yy), pay to the person the amount determined by the formula A is the lesser of (i) the total of all amounts, if any, paid to the Receiver General on or prior to the day the written application was made on behalf of the person and in respect of the liability of the person to pay an amount under Part XIII in respect of the payment or the portion of it, as the case may be, and (ii) the amount that would be payable to the Receiver General under Part XIII if an amount equal to the amount deductible under paragraph 20(1)(yy) were paid by the corporation to the person as a dividend described in paragraph 212(2)(a) at the end of the taxation year in which the amount is deductible under paragraph 20(1)(yy), and B is the amount that would be payable to the Receiver General under Part XIII if this Act were read without reference to subsection 214(18)) if an amount equal to the amount deductible under paragraph 20(1)(yy) had been paid or credited as interest by the corporation to the person at the end of the taxation year in which the amount is deductible under paragraph 20(1)(yy); and (b) if the person is or is about to become liable to make a payment to His Majesty in right of Canada, the Minister may apply the amount otherwise payable under paragraph (a) to that liability and notify the person of that action. Application for assessment
(i.1) the security Impôt sur le revenu
Where, on application under subsection 227(6) by or on behalf of a person to the Minister in respect of an amount paid under Part XII.5 or XIII to the Receiver General, the Minister is not satisfied (a) that the person was not liable to pay any tax under that Part, or (b) that the amount paid was in excess of the tax that the person was liable to pay, the Minister shall assess any amount payable under that Part by the person and send a notice of assessment to the person, and sections 150 to 163, subsections 164(1) and 164(1.4) to 164(7), sections 164.1 to 167 and Division J of Part I apply with any modifications that the circumstances require. Application for determination (7.1) Where, on application under subsection (6.1) or (6.3) by or on behalf of a person to the Minister in respect of an amount paid under Part XIII to the Receiver General, the Minister is not satisfied that the person is entitled to the amount claimed, the Minister shall, at the person’s request, determine, with all due dispatch, the amount, if any, payable under subsection (6.1) or (6.3), as the case may be, to the person and shall send a notice of determination to the person, and sections 150 to 163, subsections 164(1) and 164(1.4) to 164(7), sections 164.1 to 167 and Division J of Part I apply with such modifications as the circumstances require.
Subject to subsection (9.5), every person who in a calendar year has failed to deduct or withhold any amount as required by subsection 153(1) or section 215 is liable to a penalty of (a) 10% of the amount that should have been deducted or withheld; or (b) where at the time of the failure a penalty under this subsection was payable by the person in respect of an amount that should have been deducted or withheld during the year and the failure was made knowingly or under circumstances amounting to gross negligence, 20% of that amount. Joint and several, or solidary, liability (8.1) If a particular person has failed to deduct or withhold an amount as required under subsection 153(1) or section 215 in respect of an amount that has been paid to a non-resident person, the non-resident person is jointly and severally, or solidarily, liable with the particular person to pay any interest payable by the particular person pursuant to subsection (8.3) in respect thereof. Retirement compensation arrangement deductions (8.2) Where a person has failed to deduct or withhold any amount as required under subsection 153(1) in respect of a contribution under a retirement compensation arrangement, that person is liable to pay to Her Majesty an amount equal to the amount of the contribution, and each payment on account of that amount is deemed to be, in the year in which the payment is made, (a) for the purposes of paragraph 20(1)(r), a contribution by the person to the arrangement; and
(b) an amount on account of tax payable by the custodian under Part XI.3. Interest on amounts not deducted or withheld (8.3) A person who fails to deduct or withhold any amount as required by subsection 135(3), 135.1(7), 153(1) or 211.8(2) or section 215 shall pay to the Receiver General interest on the amount at the prescribed rate, computed (a) in the case of an amount required by subsection 153(1) to be deducted or withheld from a payment to another person, from the fifteenth day of the month immediately following the month in which the amount was required to be deducted or withheld, or from such earlier day as may be prescribed for the purposes of subsection 153(1), to, (i) where that other person is not resident in Canada, the day of payment of the amount to the Receiver General, and (ii) where that other person is resident in Canada, the earlier of the day of payment of the amount to the Receiver General and April 30 of the year immediately following the year in which the amount was required to be deducted or withheld; (b) in the case of an amount required by subsection 135(3) or 135.1(7) or section 215 to be deducted or withheld, from the day on which the amount was required to be deducted or withheld to the day of payment of the amount to the Receiver General; and (c) in the case of an amount required by subsection 211.8(2) to be withheld, from the day on or before which the amount was required to be remitted to the Receiver General to the day of payment of the amount to the Receiver General. Liability to pay amount not deducted or withheld (8.4) A person who fails to deduct or withhold any amount as required under subsection 135(3) or 135.1(7) in respect of a payment made to another person or under subsection 153(1) in respect of an amount paid to another person who is non-resident or who is resident in Canada solely because of paragraph 250(1)(a) is liable to pay as tax under this Act on behalf of the other person the whole of the amount that should have been so deducted or withheld and is entitled to deduct or withhold from any amount paid or credited by the person to the other person or otherwise to recover from the other person any amount paid by the person as tax under this Part on behalf of the other person. (8.5) Subsection (8) does not apply to a corporation in respect of (a) an amount of interest deemed by subsection 214(16) to have been paid as a dividend by the corporation unless, if the Act were read without reference to subsection 214(16), a penalty under subsection (8) would have applied in respect of the amount; and (b) an amount deemed by subparagraph 212.3(7)(d)(ii) or subsection 247(12) to have been paid as a dividend by the corporation. No penalty — qualifying non-resident employers (8.6) Subsection (8) does not apply to a qualifying non-resident employer (as defined in subsection 153(6)) in respect of a payment made to an employee if, after reasonable inquiry, the employer had no reason to believe at the time of the payment that the employee was not a qualifying non-resident employee (as defined in subsection 153(6)).
(I) la succession assujettie à l’imposition à taux progressifs, par l’une des personnes suivantes : (I) la succession assujettie à l’imposition à taux progressifs du contribuable, (II) une personne qui est un bénéficiaire, au sens du paragraphe 108(1), de la succession assujettie à l’imposition à taux progressifs du contribuable, (III) une personne à laquelle les droits du contribuable prévus par la convention sont dévolus par suite de son décès, (i.1) le titre, selon le cas : (A) est une action visée par règlement au moment de sa vente ou de son émission, (B) aurait été une action visée par règlement s’il avait été vendu au contribuable, ou émis en sa faveur, au moment où celui-ci a disposé de droits prévus par la convention, (B.1) lorsque le contribuable est réputé, par l’effet de l’alinéa 7(1)e), avoir reçu un avantage, aurait été une action visée par règlement si elle avait été vendue au contribuable, ou émis en sa faveur, immédiatement avant son décès, (C) aurait été une unité d’une fiducie de fonds commun de placement au moment de sa vente ou de son émission si les unités émises par la fiducie qui n’étaient pas identiques au titre n’avaient pas été émises, (D) aurait été une unité d’une fiducie de fonds commun de placement si, à la fois : (I) il avait été vendu au contribuable, ou émis en sa faveur, au moment où celui-ci a disposé de droits prévus par la convention, (II) les unités émises par la fiducie qui n’étaient pas identiques au titre n’avaient pas été émises, (E) lorsque le contribuable est réputé, par l’effet de l’alinéa 7(1)e), avoir reçu un avantage, aurait été une unité d’une fiducie de fonds commun de placement si, à la fois : (I) il avait été vendu au contribuable, ou émis en sa faveur, immédiatement avant son décès, (II) les unités émises par la fiducie qui n’étaient pas identiques au titre n’avaient pas été émises, (ii) lorsque les droits prévus par la convention n’ont pas été acquis par le contribuable par suite d’une disposition de droits à laquelle le paragraphe 7(1.4) s’applique, exceeds (III) les unités émises par la fiducie qui n’étaient pas identiques au titre n’avaient pas été émises, (ii) si les droits prévus par la convention n’ont pas été acquis par le contribuable par suite d’une disposition de droits à laquelle le paragraphe 7(1.4) s’applique, à la fois : (A) le montant que le contribuable doit payer pour acquérir le titre aux termes de la convention est au moins égal à l’excédent du montant visé à la subdivision (I) sur le montant visé à la subdivision (II): (I) la juste valeur marchande du titre au moment de la conclusion de la convention, (II) le montant éventuel que le contribuable a payé pour acquérir le droit d’acquérir le titre, (B) immédiatement après la conclusion de la convention, le contribuable n’avait de lien de dépendance avec aucune des personnes suivantes : (I) la personne admissible donnée, (II) chacune des autres personnes admissibles qui, immédiatement après la conclusion de la convention, était un employeur du contribuable et avait un lien de dépendance avec la personne admissible donnée, (III) la personne admissible dont le contribuable avait le droit d’acquérir un titre aux termes de la convention, (iii) si les droits prévus par la convention ont été acquis par le contribuable par suite d’une ou de plusieurs dispositions auxquelles le paragraphe 7(1.4) s’applique, à la fois : (A) le montant que le contribuable doit payer pour acquérir le titre aux termes de la convention est au moins égal à celui qui a été inclus, relativement au titre, dans le montant total payable visé à l’alinéa 7(1.4)c) à l’égard de la plus récente de ces dispositions, (B) immédiatement après la conclusion de la convention prévoyant les droits qui ont fait l’objet de la première de ces dispositions (appelée « convention initiale » au présent sous-alinéa), le contribuable n’avait de lien de dépendance avec aucune des personnes suivantes : exceeded Charitable donation of employee option securities (ii) [Repealed, 2002, c. 9, s. 33(1)] (I) la personne admissible ayant conclu la convention initiale, (II) chacune des autres personnes admissibles qui, immédiatement après la conclusion de la convention, était un employeur du contribuable et avait un lien de dépendance avec la personne admissible ayant conclu la convention initiale, (III) la personne admissible dont le contribuable avait le droit d’acquérir un titre aux termes de la convention initiale, (C) le montant qui a été inclus, relativement à chaque titre donné que le contribuable avait le droit d’acquérir aux termes de la convention initiale, dans le montant payable visé à l’alinéa 7(1.4)c) à l’égard de la première de ces dispositions était au moins égal au montant visé à la subdivision (I) sur le montant visé à la subdivision (II): (I) la juste valeur marchande du titre donné au moment de la conclusion de la convention initiale, (II) le montant éventuel que le contribuable a payé pour acquérir le droit d’acquérir le titre, (D) pour ce qui est de déterminer si la condition énoncée à l’alinéa 7(1.4)c) a été remplie à l’égard de chacune des dispositions données suivant la première de ces dispositions, le montant visé à la subdivision (I) était au moins égal au montant visé à la subdivision (II): (I) le montant qui a été inclus, relativement à chaque titre donné pouvant être acquis aux termes de la convention prévoyant les droits qui ont fait l’objet de la disposition donnée, dans le montant payable visé à l’alinéa 7(1.4)c) à l’égard de la disposition donnée, (II) le montant inclus, relativement au titre donné, dans le montant total payable visé à l’alinéa 7(1.4)c) à l’égard de la dernière des dispositions précédant la disposition donnée; Don d’un titre constatant une option d’employé (d.01) sous réserve du paragraphe (2.1), lorsque le contribuable dispose d’un titre qu’il a acquis au cours de l’année aux termes d’une convention mentionnée au paragraphe 7(1) en faisant don du titre à un donataire reconnu, un montant, relatif à la disposition du titre, égal à la moitié de l’avantage qui est réputé par Income Tax PART I Income Tax DIVISION C Computation of Taxable Income
Subject to subsection 227(9.5), every person who in a calendar year has failed to remit or pay as and when required by this Act or a regulation an amount deducted or withheld as required by this Act or a regulation or an amount of tax that the person, by section 116 or by a regulation made under subsection 215(4), required to pay is liable to a penalty of (i) the Receiver General receives that amount on or before the day it was due, but that amount is not paid in the manner required, 3% of that amount, (ii) the Receiver General receives that amount (A) no more than three days after it was due, 3% of that amount, (B) more than three days and no more than five days after it was due, 5% of that amount, or (C) more than five days and no more than seven days after it was due, 7% of that amount, (iii) that amount is not paid or remitted on or before the seventh day after it was due, 10% of that amount; or (b) where at the time of the failure a penalty under this subsection was payable by the person in respect of an amount that should have been remitted or paid during the year and the failure was made knowingly or under circumstances amounting to gross negligence, 20% of that amount. (9.1) Despite any other provision of this Act, any other enactment of Canada, any enactment of a province or any other law, the penalty for failure to remit an amount required to be remitted by a person on or before a prescribed date under subsection 153(1), subsection 21(1) of the Canada Pension Plan and subsection 82(1) of the Employment Insurance Act shall, unless the person who is required to remit the amount has, knowingly or under circumstances amounting to gross negligence, delayed in remitting the amount or has, knowingly or under circumstances amounting to gross negligence, remitted an amount less than the amount required, apply only to the amount by which the total of all so required to be remitted on or before that date exceeds $500. Interest on amounts deducted or withheld but not remitted (9.2) Where a person has failed to remit as and when required by this Act or a regulation an amount deducted or withheld as required by this Act or a regulation, the person shall pay to the Receiver General interest on the amount at the prescribed rate computed from the day on which the person was so required to remit the amount to the day of remittance of the amount to the Receiver General. Interest on certain tax not paid (9.3) Where a person fails to pay an amount of tax that, because of section 116, subsection 212(19) or a regulation made under subsection 215(4), the person is required to pay, as and when the person is required to pay it, the person shall pay to the Receiver General interest on the amount at the prescribed rate computed from the day on or before which the amount was required to be paid to the day of payment of the amount to the Receiver General. Liability to pay amount not remitted (9.4) A person who has failed to remit as and when required by this Act or a regulation an amount deducted or withheld from a payment to another person as required by this Act or a regulation is liable to pay as tax under Restriction
(iv) the taxpayer is entitled to a deduction under paragraph (d) in respect of the acquisition of the security; Idem Impôt sur le revenu
this Act on behalf of the other person the amount so deducted or withheld. Payment from same establishment (9.5) In applying paragraphs 227(8)(b) and 227(9)(b) in respect of an amount required by paragraph 153(1)(a) to be deducted or withheld, each establishment of a person shall be deemed to be a separate person. Assessment
The Minister may at any time assess any amount payable under (b) subsection 237.1(7.4) or (7.5), 237.3(8), 237.4(12) or 237.5(5) by a person or partnership, (c) subsection 227(10.2) by a person as a consequence of a failure of a non-resident person to deduct or withhold any amount, or and, where the Minister sends a notice of assessment to that person or partnership, Divisions I and J of Part I apply with any modifications that the circumstances require. (10.01) The Minister may at any time assess any amount payable under Part XII.5 by a person resident in Canada and, where the Minister sends a notice of assessment to that person, Divisions I and J of Part I apply with any modifications that the circumstances require. (10.1) The Minister may at any time assess (b) any amount payable under subsection 227(10.2) by any person as a consequence of a failure by a non-resident person to remit any amount, and (c) any amount payable under Part XII.5 or XIII by any non-resident person, and, where the Minister sends a notice of assessment to the person, sections 150 to 163, subsections 164(1) and 164(1.4) to 164(7), sections 164.1 to 167 and Division J of Part I apply with such modifications as the circumstances require. Joint and several, or solidary, liability re contributions to RCA (10.2) If a non-resident person fails to deduct, withhold or remit an amount as required by subsection 153(1) in respect of a contribution under a retirement compensation arrangement that is paid on behalf of the employees or former employees of an employer with whom the non-resident person does not deal at arm’s length, the employer is jointly and severally, or solidarily, liable with the non-resident person to pay any amount payable under subsection (8), (8.2), (8.3), (9), (9.2) or (9.4) by the non-resident person in respect of the contribution.
Provisions of this Act requiring a person to deduct or withhold an amount in respect of taxes from amounts payable to a taxpayer are applicable to Her Majesty in right of Canada or a province.
(iii) le don est fait au cours de l'année et au plus tard le trentième jour suivant le jour où le contribuable a acquis le titre, (iv) le contribuable peut déduire un montant en application de l'alinéa (d) relativement à l'acquisition du titre; Idem
Where this Act requires an amount to be deducted or withheld, an agreement by the person on whom that obligation is imposed not to deduct or withhold is void.
d.1) la moitié de la valeur de l'avantage dans le cas où le contribuable, à la fois : (i) est réputé, selon l'alinéa 7(1)(a) à cause du paragraphe 7(1.1), avoir reçu un avantage au cours de l'année au titre d'une action qu'il a acquise après le 22 mai 1985, (ii) n'a pas disposé de l'action (autrement que par suite de son décès) ou ne l'a pas échangée dans les deux ans suivant la date où il l'a acquise, (iii) n'a pas déduit de montant en vertu de l'alinéa (d) pour l'avantage, dans le calcul de son revenu imposable pour l'année; Actions de prospecteur ou de commanditaire en prospection
The receipt of the Minister for an amount deducted or withheld by any person as required by or under this Act is a good and sufficient discharge of the liability of any debtor to the debtor’s creditor with respect thereto to the extent of the amount referred to in the receipt. Application of other Parts
d.2) la moitié de la somme qu'un contribuable a incluse en application de l'alinéa 35(1)d) dans le calcul de son revenu pour l'année au titre d'une action qu'il a reçue après le 22 mai 1985, sauf si cette somme est exonérée de l'impôt sur le revenu au Canada à cause d'une disposition de convention conclue avec un autre pays et qui a force de loi au Canada; Actions d'employeur
Parts IV, IV.1, VI and VI.1 do not apply to any corporation for any period throughout which it is exempt from tax because of section 149. Partnership included in “person”
d.3) la moitié de l'excédent que le contribuable a inclus en application du paragraphe 147(10.4) dans le calcul de son revenu pour l'année; Déduction de l'employeur — titres non admissibles e) une somme égale à la valeur de l'avantage relativement à un emploi avec le contribuable qu'un particulier est réputé avoir reçu, selon le paragraphe 7(1), au (v) the lesser of cours de l’année relativement à un titre non admissible que le contribuable (ou une personne admissible qui a un lien de dépendance avec le contribuable) est convenu de vendre ou d’émettre en vertu d’une convention avec le particulier si, à la fois : (i) le contribuable est une personne admissible, (ii) au moment de la conclusion de la convention, le particulier était un employé du contribuable, (iii) la somme n’est pas déduite dans le calcul du revenu imposable d’une autre personne admissible, (iv) une somme pourrait être déduite dans le calcul du revenu imposable du particulier en vertu de l’alinéa d) si le titre était un titre autre qu’un titre non admissible, (v) dans le cas d’un particulier qui n’est pas un résident du Canada tout au long de l’année, l’avantage que le particulier est réputé avoir reçu selon le paragraphe 7(1) est inclus dans le calcul du revenu imposable gagné au Canada du particulier pour l’année, (vi) les exigences notification énoncées au paragraphe (1.9) sont remplies relativement au titre; Déduction des paiements f) toute prestation d’assistance sociale payée après examen des ressources, des besoins ou du revenu et incluse en application de la division 56(1)a)(i)(A) ou de l’alinéa 56(1)u) dans le calcul du revenu du contribuable pour l’année ou toute somme dans la mesure où elle a été incluse dans le calcul du revenu du contribuable pour l’année, représentant, selon le cas : (i) une somme exonérée de l’impôt sur le revenu au Canada par l’effet d’une disposition de quelque convention ou accord fiscal avec un autre pays qui a force de loi au Canada, (ii) une indemnité reçue aux termes d’une loi fédérale ou provinciale sur les accidents du travail pour blessure, invalidité ou décès, à l’exception d’une indemnité que personne reçoit à titre d’employeur ou d’ancien employeur de la personne blessée ou décédée et relative à une indemnité pour blessure, invalidité ou décès à cette personne, (iii) un revenu tiré d’un emploi auprès d’une organisation internationale visée par règlement; (iv) le revenu du contribuable tiré d’un emploi auprès d’une organisation non gouvernementale internationale visée par règlement, si le contribuable répond aux conditions suivantes : Financial assistance (A) il n’a été citoyen canadien à aucun moment de l’année, (B) il était une personne non-résidente immédiatement avant de commencer à occuper cet emploi au Canada, (C) s’il réside au Canada, il a commencé à y résider uniquement aux fins de cet emploi; (v) la moins élevée des sommes suivantes : (A) le revenu d’emploi gagné par le contribuable, à titre de membre des Forces canadiennes ou d’agent de police, lors d’une mission opérationnelle internationale, déterminée par le ministre de la Défense nationale, le ministre de la Sécurité publique et de la Protection civile ou par une personne désignée par l’un de ces ministres, (B) le revenu d’emploi qui aurait été ainsi gagné par le contribuable s’il avait été rémunéré au taux maximal atteint pendant cette mission par un lieutenant-colonel (officiers du service général) des Forces canadiennes; Aide financière g) toute somme qui, à la fois : (i) est reçue par le contribuable au cours de l’année dans le cadre d’un programme mentionné aux sous-alinéas 56(1)r)(ii) ou (iii), d’un programme établi sous le régime de la Loi sur le ministère de l’Emploi et du Développement social ou d’un programme prescrit, (ii) constitue une aide financière pour le paiement des frais de scolarité du contribuable qui ne sont pas inclus dans le calcul du montant déductible au paragraphe 118.5(1) en vue du calcul de l’impôt payable par le contribuable en vertu de la présente partie pour une année d’imposition, (iii) est incluse dans le calcul du revenu du contribuable pour l’année, (iv) n’est pas déductible par ailleurs dans le calcul du revenu imposable du contribuable pour l’année; h) 35 % du total des prestations (appelées « prestations de la sécurité sociale des États-Unis » au présent alinéa) que le contribuable a reçues au cours de l’année d’imposition et auxquelles s’applique le paragraphe 5 de l’article XVIII de la Convention entre (i) [Repealed, 1994, c. 7, Sch. II, s. 78(3)] (j) [Repealed, 2017, c. 20, s. 8] Canada et les États-Unis d'Amérique en matière d'impôts sur le revenu et sur la fortune, figurant à l'annexe 1 de la Loi de 1984 sur la Convention Canada-États-Unis en matière d'impôts, L.C. 1984, ch. 20, si, selon le cas : (i) tout au long d'une période ayant commencé avant 1996 et se terminant dans l'année d'imposition, le contribuable réside au Canada et a reçu des prestations de la sécurité sociale des États-Unis au cours de chaque année d'imposition se terminant dans cette période, (ii) dans le cas où les prestations sont payables au contribuable relativement à un particulier décédé, les conditions suivantes sont réunies : (A) le contribuable était, immédiatement avant le décès du particulier décédé, l'époux ou le conjoint de fait de celui-ci, (B) tout au long d'une période commençant au moment du décès du particulier décédé et se terminant dans l'année d'imposition, le contribuable résidait au Canada, (C) le particulier décédé était un contribuable visé au sous-alinéa (i) pour l'année d'imposition où il est décédé, (D) au cours de chaque année d'imposition se terminant dans une période ayant commencé avant 1996 et se terminant dans l'année d'imposition, le contribuable ou le particulier décédé, ou l'un et l'autre, ont reçu des prestations de la sécurité sociale des États-Unis. i) [Abrogé, 1994, c. 7, ann. II, art. 78(3)] j) [Abrogé, 2017, c. 20, art. 8] Impôt de la partie VI.1 k) le résultat de la multiplication de l'impôt payable par le contribuable pour l'année en vertu du paragraphe 191.1(1) par : (i) 3, si l'année prend fin avant 2010, (ii) 3,2, si elle prend fin après 2009 et avant 2012, (iii) 3,5, si elle prend fin après 2011. Choix d'une personne admissible donnée (1.1) Pour le calcul du revenu imposable d'un contribuable pour une année d'imposition, l'alinéa (1)d) s'applique comme tenu de son sous-alinéa (i) en ce qui concerne un droit consenti au contribuable en vertu Determination of non-qualified securities d’une convention de vente ou d’émission de titres mentionnée au paragraphe 7(1) si les conditions suivantes sont réunies : a) la personne admissible donnée fait, en la forme prescrite, un choix selon lequel ni elle ni une personne avec laquelle elle a un lien de dépendance ne déduira, dans le calcul de son revenu pour une année d’imposition, de somme (sauf un montant désigné visé au paragraphe (1.2)) au titre d’un paiement à un contribuable ou pour son compte relativement au transfert ou à la disposition par celui-ci de ce droit; b) elle présente le choix au ministre; c) elle remet au contribuable ou, s’il est décédé, à la succession assujettie à l’imposition à taux progressifs de celui-ci un document constatant le choix; d) le contribuable ou, s’il est décédé, la succession assujettie à l’imposition à taux progressifs de celui-ci, présente ce document au ministre avec la déclaration de revenu de celui-ci visant l’année pour laquelle la déduction prévue à l’alinéa (1)d) est demandée. Montant désigné (1.2) Pour l’application des paragraphes (1.1) et (1.44), une somme est un montant désigné si les conditions suivantes sont réunies : a) la somme serait déductible par ailleurs dans le calcul du revenu de la personne admissible donnée en l’absence des paragraphes (1.1) et (1.44); b) la somme est payable à une personne qui, à la fois : (i) n’a aucun lien de dépendance avec la personne admissible donnée, (ii) n’est l’employé ni de la personne admissible donnée ni d’une personne avec laquelle celle-ci a un lien de dépendance; c) la somme est payable relativement à un arrangement conclu dans le but de gérer le risque financier de la personne admissible donnée lié à l’augmentation éventuelle de la valeur des titres visés à la convention mentionnée aux paragraphes (1.1) ou (1.44). Détermination des titres non admissibles (1.3) Le paragraphe (1.31) s’applique à un contribuable relativement à une convention si, à la fois : A/B where C + D − $200,000 where (a) $200,000, and a) une personne admissible donnée est convenue de vendre ou d’émettre de ses titres (ou des titres d’une autre personne admissible avec laquelle elle a un lien de dépendance) au contribuable en vertu de la convention; b) au moment où la convention est conclue (appelé « moment déterminé » au présent paragraphe et au paragraphe (1.31)), le contribuable est un employé de la personne admissible donnée ou d’une autre personne admissible qui a un lien de dépendance avec cette dernière; c) au moment déterminé, l’une des personnes ci-après est une personne déterminée: (i) la personne admissible donnée, (ii) l’autre personne admissible, s’il y a lieu, visée à l’alinéa a), (iii) l’autre personne admissible, s’il y a lieu, visée à l’alinéa b). Plafond de dévolution annuel (1.31) Si le présent paragraphe s’applique à un contribuable relativement à une convention, les titres à vendre ou à émettre en vertu de la convention donnée, pour chaque année de dévolution de ces titres, sont réputés être des titres non admissibles pour l’application du présent article dans la proportion obtenue par la formule suivante: A/B où: A représente la somme obtenue par la formule suivante: C + D − 200 000 $ où: C représente le total des sommes dont chacune représente la juste valeur marchande au moment déterminé de chaque titre assujetti à la convention pour cette même année de dévolution, D la moins élevée des sommes suivantes: a) 200 000 $, b) le total des sommes dont chacune est une somme déterminée pour l’élément C relativement aux titres qui ont la même année de dévolution en vertu de conventions, autres que la convention, conclues, au plus tard au moment déterminé ou avant, avec la personne admissible donnée visée au paragraphe (1.3) (ou une autre Ordering of simultaneous agreements — subsection (1.31) personne admissible avec laquelle elle a un lien de dépendance), sauf : (i) les titres désignés au paragraphe (1.4), (ii) les anciens titres (au sens du paragraphe 7(1.4)), (iii) les titres dont le droit d’acquisition est un ancien droit (au sens du paragraphe (1.7)), (iv) les titres dont : (A) le droit d’acquisition est expiré, ou a été annulé, avant le moment déterminé, (B) aucun montant n’est déductible en application de l’alinéa (1)d) dans le calcul du revenu imposable du contribuable pour une année donnée; B la valeur de l’élément C. Désignation comme titre non admissible (1.4) Si le paragraphe (1.31) s’applique à un contribuable à l’égard d’une convention et que la personne admissible donnée visée à l’alinéa (1.3)a) désigne un ou plusieurs des titres à vendre ou à émettre dans le cadre de la convention comme des titres non admissibles, les règles suivantes s’appliquent : a) ces titres sont réputés être des titres non admissibles pour l’application du présent article; b) aucune personne admissible ne peut faire le choix prévu au paragraphe (1.1) relativement à un droit d’acquérir ces titres. Ordre d’acquisition des titres (1.41) Dans le cas où un contribuable acquiert un titre assujetti à une convention et que le titre pourrait être un titre autre qu’un titre non admissible, le titre est considéré être pour les fins du présent article un titre autre qu’un titre non admissible. Ordre des conventions simultanées — paragraphe (1.31) (1.42) Si plusieurs conventions portant sur la vente ou l’émission de titres sont conclues au même moment et que la personne admissible donnée visée à l’alinéa (1.3) a désigné l’ordre des conventions, les conventions sont réputées être conclues dans cet ordre pour l’application de l’alinéa b) de l’élément D de la formule figurant au paragraphe (1.31). Application of subsection (1.44) (b) paragraph (1)(d) shall, in respect of the right, be read without reference to its subparagraph (i). Determination of amounts relating to employee security options (1.5) For the purpose of paragraph (1)(d), Income Tax PART I Income Tax DIVISION B Computation of Taxable Income
In this section, a reference to a “person” with respect to any amount deducted or withheld or required to be deducted or withheld is deemed to include a partnership. Municipal or provincial corporation excepted
Meaning of specified event (i) a subdivision or consolidation of shares of the capital stock of the corporation, (i) a subdivision or consolidation of the units of the trust, and Impôt sur le revenu
A corporation that at any time in a taxation year would be a corporation described in any of paragraphs 149(1)(d) to (d.6) but for a provision of an appropriation Act is deemed not to be a private corporation for the purposes of Part IV with respect to that year. Liability of directors for failure to deduct
Limitations on liability
A director is not liable under subsection 227.1(1), unless (a) a certificate for the amount of the corporation’s liability referred to in that subsection has been registered in the Federal Court under section 223 and execution for that amount has been returned unsatisfied in whole or in part; (b) the corporation has commenced liquidation or dissolution proceedings or has been dissolved and a claim for the amount of the corporation’s liability referred to in that subsection has been proved within six months after the earlier of the date of commencement of the proceedings and the date of dissolution; or (c) the corporation has made an assignment or a bankruptcy order has been made against it under the Bankruptcy and Insolvency Act and a claim for the amount of the corporation’s liability referred to in that subsection has been proved within six months after the date of the assignment or bankruptcy order.
énoncée à cet alinéa a été remplie à l’égard d’une disposition donnée, il est supposé que tous les événements déterminés rattachés au titre qui se sont produits après la disposition donnée et avant la vente ou l’émission du titre ou la disposition subséquente par le contribuable de droits prévus par la convention concernant le titre, selon le cas, se sont produits immédiatement avant la disposition donnée. Sens de événement déterminé (1.6) Pour l’application du paragraphe (1.5), les événements suivants sont des événements déterminés rattachés à un titre : a) si le titre est une action du capital-actions d’une société : (i) la subdivision ou la consolidation des actions du capital-actions de la société, (ii) la réorganisation du capital-actions de la société, (iii) le versement d’un dividende en actions de la société; b) si le titre est une unité d’une fiducie de fonds commun de placement : (i) la subdivision ou la consolidation des unités de la fiducie, (ii) l’émission d’unités de la fiducie à titre de paiement sur son revenu (déterminé avant l’application du paragraphe 104(6)) ou ses gains en capital, ou en règlement du droit d’une personne d’exiger un tel paiement. Réduction du prix de levée (1.7) Si le montant qu’un contribuable doit payer pour acquérir des titres aux termes d’une convention mentionnée au paragraphe 7(1) est réduit à un moment donné et que les conditions énoncées au paragraphe (1.8) sont remplies relativement à la réduction, les règles suivantes s’appliquent : a) le contribuable est réputé avoir disposé, immédiatement avant le moment donné, des droits (appelés « anciens droits » au présent paragraphe et au paragraphe (1.8)) qu’il avait aux termes de la convention immédiatement avant le moment donné; b) il est réputé avoir acquis, au moment donné, les droits (appelés « nouveaux droits » au présent paragraphe et au paragraphe (1.8)) qu’il a aux termes de la convention à ce moment; Income Tax PART I Income Tax DIVISION B Computation of Taxable Income
A director is not liable for a failure under subsection 227.1(1) where the director exercised the degree of care, diligence and skill to prevent the failure that a reasonably prudent person would have exercised in comparable circumstances.
Conditions for subsection (1.7) to apply Notification — non-qualified security Charitable gifts Impôt sur le revenu
No action or proceedings to recover any amount payable by a director of a corporation under subsection 227.1(1) shall be commenced more than two years after the director last ceased to be a director of that corporation. Amount recoverable
Where execution referred to in paragraph 227.1(2)(a) has issued, the amount recoverable from a director is the amount remaining unsatisfied after execution.
Where a director pays an amount in respect of a corporation’s liability referred to in subsection 227.1(1) that is proved in liquidation, dissolution or bankruptcy proceedings, the director shall be entitled to any preference that Her Majesty in right of Canada would have been entitled to had that amount not been so paid and, where a certificate that relates to that amount has been registered, the director is entitled to an assignment of the certificate to the extent of the director’s payment, which assignment the Minister is hereby empowered to make.
c) il est réputé recevoir les nouveaux droits en contrepartie de la disposition des anciens droits. Conditions d’application du paragraphe (1.7) (1.8) Les conditions à remplir relativement à la réduction sont les suivantes : a) le contribuable n’aurait pas droit à la déduction prévue à l’alinéa (1)d) s’il acquérait les titres aux termes de la convention immédiatement après le moment donné et si le présent article s’appliquait comme non tenu de son paragraphe (1.7); b) le contribuable aurait droit à la déduction prévue à l’alinéa (1)d) si, à la fois : (i) il disposait des anciens droits immédiatement avant le moment donné, (ii) il acquérait les nouveaux droits au moment donné en contrepartie de la disposition, (iii) il acquérait les titres aux termes de la convention immédiatement après le moment donné. Avis — titre non admissible (1.9) Si un titre à vendre ou à émettre en vertu d’une convention conclue entre un employé et une personne admissible est un titre non admissible, l’employeur de l’employé doit, à la fois : a) aviser l’employé par écrit du fait que le titre est un titre non admissible au plus tard trente jours après le jour où la convention est conclue; b) aviser le ministre dans le formulaire prescrit que le titre est un titre non admissible au plus tard à la date d’échéance de production pour l’année d’imposition de la personne admissible qui inclut la date de conclusion de la convention. Déduction pour dons applicable aux religieux
A director who has satisfied a claim under this section is entitled to contribution from the other directors who were liable for the claim. Applying payments under collection agreements
Le particulier qui est, au cours d’une année d’imposition, membre d’un ordre religieux et a, à ce titre, prononcé des vœux de pauvreté perpétuelle peut déduire dans le calcul de son revenu imposable pour l’année une somme égale au total de ses prestations de pension ou de ses revenus gagnés pour l’année, au sens de l’article 63, si cette somme a été versée, sur son revenu, à l’ordre au cours de l’année. Charitable donation — proceeds of disposition of employee option securities A × B/C where [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 110; 1994, c. 7, Sch. II, s. 29; 1996, c. 21, s. 48; 1998, c. 19, s. 22; 2001, c. 17, s. 84; 2002, c. 9, s. 33; 2005, c. 19, s. 16; 2006, c. 4, s. 6; 2006, c. 25, s. 29; 2010, c. 25, s. 28; 2013, c. 34, s. 372; 2016, c. 7, s. 3; 2017, c. 33, s. 4; 2018, c. 27, s. 80; 2018, c. 27, s. 82; 2018, c. 29, s. 62; 2021, c. 23, s. 15. Charitable gifts
where
directed that the payment be applied in a manner other than that provided in the collection agreement or made no direction as to its application. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1970-71-72, c. 63, s. 1"228"; 1985, c. 45, s. 118.
where [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 110; 1994, c. 7, Sch. II, s. 29; 1996, c. 21, s. 48; 1998, c. 19, s. 22; 2001, c. 17, s. 84; 2002, c. 9, s. 33; 2005, c. 19, s. 16; 2006, c. 4, s. 6; 2006, c. 25, s. 29; 2010, c. 25, s. 28; 2013, c. 34, s. 372; 2016, c. 7, s. 3; 2017, c. 33, s. 4; 2018, c. 27, s. 80; 2018, c. 27, s. 82; 2018, c. 29, s. 62; 2021, c. 23, s. 15. A B C D (a.1) [Repealed, 2017, c. 20, s. 9] (b) [Repealed, 2014, c. 39, s. 29] Gifts to institutions Ecological gifts (A) Her Majesty in right of Canada or of a province, Limitation on deductibility conforme au critère d’intérêt économique du paragraphe 29(3) de la Loi sur l’exportation et l’importation de biens culturels, lequel don a été fait par la société au cours de l’année ou des cinq années d’imposition précédentes à un établissement ou une administration au Canada qui, au moment du don, était désigné, en application du paragraphe 32(2) de cette loi, à la fois en général ou à une fin particulière liée à l’objet; Dons de biens écosensibles d) le total des montants représentant chacun le montant admissible d’un don de fonds de terre, y compris un covenant ou une servitude, visant un fonds de terre (la servitude devant être, si le fonds de terre est situé au Québec, une servitude personnelle d’une durée d’au moins 100 ans ou une servitude réelle) si, à la fois : (i) la juste valeur marchande du don est attestée par le ministre de l’Environnement, (ii) selon l’attestation de ce ministre ou d’une personne qu’il désigne, le fonds de terre est un bien sur le plan écologique, et sa préservation et sa conservation sont, de l’avis de ce ministre ou de cette personne, importantes pour la protection du patrimoine environnemental du Canada, (iii) le don a été fait par la société au cours de l’année ou des dix années d’imposition précédentes à l’un des donataires reconnus suivants : (A) Sa Majesté du chef du Canada ou d’une province, (B) une municipalité du Canada qui est approuvée par ce ministre ou par la personne désignée pour ce qui est du don, (C) un organisme municipal ou public remplissant une fonction gouvernementale au Canada qui est approuvé par ce ministre ou par la personne désignée pour ce qui est du don, (D) un organisme de bienfaisance enregistré (sauf une fondation privée) dont l’une des principales missions, de l’avis de ce ministre, est de conserver et de protéger le patrimoine environnemental du Canada. (1.1) Pour déterminer le montant qui est déductible en application du paragraphe (1) dans le calcul du revenu imposable d’une société pour une année d’imposition, les règles suivantes s’appliquent : Proof of gift a) un montant relatif à un don n’est déductible que dans la mesure où il dépasse les montants relatifs au don qui ont été déduits en application de ce paragraphe dans le calcul du revenu imposable de la société pour les années d’imposition précédentes; b) aucun montant relatif à un don fait au cours d’une année d’imposition n’est déductible en application de l’un des alinéas (1)a) à d) tant que les montants déductibles en application du même alinéa relatifs aux dons faits au cours des années d’imposition précédant l’année en question n’ont pas été déduits. Acquisition du contrôle (1.2) Malgré l’alinéa 88(1)e.6), les règles suivantes s’appliquent en cas d’acquisition du contrôle d’une société donnée par une personne ou un groupe de personnes, a) aucune somme n’est déductible en application des alinéas (1)a) à d) dans le calcul du revenu imposable d’une société quelconque pour toute année d’imposition se terminant au moment de l’acquisition du contrôle, ou par la suite, au titre d’un don fait par la société donnée avant ce moment; b) aucune somme n’est déductible en application des alinéas (1)a) à d) dans le calcul du revenu imposable d’une société quelconque pour toute année d’imposition se terminant au moment de l’acquisition du contrôle, ou par la suite, au titre d’un don fait par une société à ce moment ou par la suite, si le bien objet du don a été acquis par la société donnée aux termes d’un arrangement dans le cadre duquel on pouvait s’attendre, d’une part, à ce que le contrôle de la société donnée soit acquis par une personne ou un groupe de personnes autre que le donataire reconnu ayant reçu le don et, d’autre part, à ce que le don soit ainsi fait. Attestation des dons
Coming into force
Pour que le montant admissible d’un don soit inclus dans le calcul d’une déduction en application du paragraphe (1), le versement du don doit être attesté par la présentation au ministre des documents suivants : a) un reçu contenant les renseignements prescrits; b) s’il s’agit d’un don visé à l’alinéa (1)c), le certificat délivré en vertu du paragraphe 33(1) de la Loi sur l’exportation et l’importation de biens culturels; c) s’il s’agit d’un don visé à l’alinéa (1)d), les deux attestations mentionnées à cet alinéa. Income Tax PART I Income Tax DIVISION B Computation of Taxable Income
Subsection 229.1(1) shall come into force on a day to be fixed by proclamation. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1986, c. 6, s. 119. General Records and books
Where subsection (3) applies (2.1) Subsection (3) applies in circumstances where (i) capital property to a qualified donee, or Gifts of capital property Impôt sur le revenu
Records and books
Every qualified donee referred to in paragraphs (a) to (c) of the definition qualified donee in subsection 149.1(1) shall keep records and books of account — in the case of a qualified donee referred to in any of subparagraphs (a)(i) and (iii) and paragraphs (b), (b.1) and (c) of that definition, at an address in Canada recorded with the Minister or designated by the Minister — containing (a) information in such form as will enable the Minister to determine whether there are any grounds for the revocation of its registration under this Act; (b) a duplicate of each receipt containing prescribed information for a donation received by it; and (c) other information in such form as will enable the Minister to verify the donations to it for which a deduction or tax credit is available under this Act. Idem, lawyers (2.1) For greater certainty, the records and books of account required by subsection 230(1) to be kept by a person carrying on business as a lawyer (within the meaning assigned by subsection 232(1)) whether by means of a partnership or otherwise, include all accounting records of the lawyer, including supporting vouchers and cheques. Minister’s requirement to keep records, etc.
Where a person has failed to keep adequate records and books of account for the purposes of this Act, the Minister may require the person to keep such records and books of account as the Minister may specify and that person shall thereafter keep records and books of account as so required. Limitation period for keeping records, etc.
Application du paragraphe (3) (2.1) Le paragraphe (3) s’applique dans les circonstances suivantes : a) une société, selon le cas : (i) fait don d’une immobilisation à un donataire reconnu, (ii) si elle ne réside pas au Canada, fait don d’un bien immeuble ou réel situé au Canada à un donataire visé par règlement qui prend l’engagement, sous une forme que le ministre juge acceptable, que le bien sera détenu en vue d’un usage lié à l’intérêt public; b) la juste valeur marchande du bien, déterminée par ailleurs au moment du don, excède : (i) s’il s’agit d’un bien amortissable d’une catégorie prescrite, la fraction moindre du coût en capital de cette catégorie à la fin de l’année d’imposition de la société qui comprend ce moment, déterminée compte non tenu du produit de disposition désigné à l’égard du bien en vertu du paragraphe (3), ou du prix de base rajusté du bien pour la société immédiatement avant ce moment, (ii) dans les autres cas, le prix de base rajusté du bien pour la société immédiatement avant ce moment. Don d’une immobilisation
Every person required by this section to keep records and books of account shall retain (a) the records and books of account referred to in this section in respect of which a period is prescribed, together with every account and voucher necessary to verify the information contained therein, for such period as is prescribed; and (b) all other records and books of account referred to in this section, together with every account and voucher necessary to verify the information contained therein, until the expiration of six years from the end of the last taxation year to which the records and books of account relate. (4.1) Every person required by this section to keep records who does so electronically shall retain them in an electronically readable format for the retention period referred to in subsection 230(4). (4.2) The Minister may, on such terms and conditions as are acceptable to the Minister, exempt a person or a class of persons from the requirement in subsection 230(4.1).
Si le présent paragraphe s’applique au don d’un bien par une société à l’égard duquel elle a indiqué un montant dans sa déclaration de revenu produite conformément à l’article 150 pour l’année du don, le montant ainsi indiqué est réputé correspondre à la fois au produit de disposition du bien pour la société et, pour l’application du paragraphe 248(31), à la juste valeur marchande du don. Il ne peut toutefois ni excéder la juste valeur marchande du bien par ailleurs déterminée par ailleurs ni être inférieur aux plus élevées des montants suivants : a) s’il s’agit d’un don fait après le 20 décembre 2002, le montant de l’avantage au titre du don; b) le montant déterminé selon les sous-alinéas (2.1)b)(i) ou (ii), selon le cas, relativement au bien. Don par une société de personnes
Where, in respect of any taxation year, a person referred to in subsection 230(1) has not filed a return with the Minister as and when required by section 150, that person shall retain every record and book of account that is required by this section to be kept and that relates to that taxation year, together with every account and voucher necessary to verify the information contained therein, until the expiration of six years from the day the return for that taxation year is filed.
Si une société est un associé d’une société de personnes à la fin d’un exercice de celle-ci, sa part de tout montant qui, si la société de personnes était une Ecological gifts Corporation ceasing to exist personne, représenterait le montant admissible d’un don fait à un donataire par la société de personnes est réputée, pour l’application du présent article, représenter le montant admissible d’un don fait à ce donataire par la société au cours de son année d’imposition dans laquelle l’exercice de la société de personnes se termine. Dons de biens écosensibles
Where a person required by this section to keep records and books of account serves a notice of objection or where that person is a party to an appeal to the Tax Court of Canada under this Act, that person shall retain every record, book of account, account and voucher necessary for dealing with the objection or appeal until, in the case of the serving of a notice of objection, the time provided by section 169 to appeal has elapsed or, in the case of an appeal, until the appeal is disposed of and any further appeal in respect thereof is disposed of or the time for filing any such further appeal has expired. Exception where demand by Minister
Pour l’application du sous-alinéa 69(1)b)(ii), du présent article et de l’article 207.31 au sujet d’un don visé à l’alinéa (1)d) qui est fait par un contribuable, le montant qui représente à la fois la juste valeur marchande du don au moment où il a été fait (ou, pour l’application du paragraphe (3), sa juste valeur marchande autrement déterminée par ailleurs), et les produits de disposition du contribuable tirés de son produit de disposition pour le contribuable est réputé correspondre au montant, fixé par le ministre de l’Environnement, qui représente : a) s’il s’agit d’un don de fonds de terre, la juste valeur marchande du don; b) s’il s’agit d’un don de convention ou de servitude visant un fonds de terre ou, dans le cas d’un fonds de terre situé dans la province de Québec, d’une servitude réelle ou personnelle, le plus élevé des montants suivants : (i) la juste valeur marchande du don, déterminée par ailleurs, (ii) le montant appliqué en réduction de la juste valeur marchande du fonds de terre par suite du don. Titres non admissibles
Where the Minister is of the opinion that it is necessary for the administration of this Act, the Minister may, by registered letter or by a demand served personally, require any person required by this section to keep records and books of account to retain those records and books of account, together with every account and voucher necessary to verify the information contained therein, for such period as is specified in the letter or demand.
Les paragraphes 118.1(13) à (14) et (16) à (20) s’appliquent à une société comme si la mention « particulier » dans ces paragraphes était remplacée par « société » et comme si un titre non admissible d’une société (sauf celle cotée à une bourse de valeurs désignée) faisait partie de ses titres non admissibles. Cessation d’une société
A person required by this section to keep records and books of account may dispose of the records and books of account referred to in this section, together with every account and voucher necessary to verify the information contained therein, before the expiration of the period in respect of which those records and books of account are required to be kept if written permission for their disposal is given by the Minister. Records re monetary contributions - Canada Elections Act
La société (sauf celle qui était une société remplacante dans le cadre d’une fusion à laquelle s’applique le paragraphe 87(1) ou celle qui a fait l’objet d’une liquidation à laquelle s’applique le paragraphe 88(1)), qui, si le présent paragraphe ne s’appliquait pas, serait réputée par le paragraphe 118.1(13) avoir fait un don après avoir cessé d’exister est réputée, pour l’application du présent article, avoir fait le don au cours de sa dernière année d’imposition. Toutefois, les intérêts payables en application de la présente loi sont ceux qui seraient payables si le présent paragraphe ne s’appliquait pas au don.
of the receipt referred to in subsection 127(3) for each of those monetary contributions) at (a) in the case of an agent other than an official agent of a candidate, the address recorded in the registry of political parties or of electoral district associations referred to in the Canada Elections Act; and (b) in the case of an official agent of a candidate, the agent’s address set out in the nomination papers filed under that Act with the returning officer when the candidate was a prospective candidate or any other address that the Minister designates.
and (9) [Repealed, 2017, c. 20, s. 9] Options Application of subsection (12)
Each agent to whom subsection (1) applies shall file with the Minister an information return in prescribed form and containing prescribed information. The return is to be filed within the period for the filing of a financial transactions return or an electoral campaign return, as the case may be, under the Canada Elections Act.
Subsection (12) applies if Granting of an option
Subsections 230(3) to (8) apply, with any modifications that the circumstances require, in respect of the keeping of records by agents as required by subsection (1). authorized person means a person authorized by the Minister for the purposes of sections 231.1 to 231.5; (personne autorisée) document includes money, a security and a record; (document) dwelling-house means the whole or any part of a building or structure that is kept or occupied as a permanent or temporary residence and includes (a) a building within the curtilage of a dwelling-house that is connected to it by a doorway or by a covered and enclosed passageway, and (b) a unit that is designed to be mobile and to be used as a permanent or temporary residence and that is being used as such a residence; (maison d’habitation) judge means a judge of a superior court having jurisdiction in the province where the matter arises or a judge of the Federal Court. (juge)
If this subsection applies, notwithstanding subsection 49(3),
(a) inspect, audit or examine any document, including books and records, of a taxpayer or any other person that may be relevant in determining the obligations or entitlements of the taxpayer or any other person under this Act; (b) examine any property or process of, or matter relating to, a taxpayer or any other person, an examination of which may assist the authorized person in determining the obligations or entitlements of the taxpayer or any other person under this Act; (c) enter any premises or place where any business is carried on, any property is kept, anything is done in connection with any business or any books or records are or should be kept, except that, if the premises or place is a dwelling-house, the authorized person may enter the dwelling-house without the consent of the occupant only under the authority of a warrant under subsection (3); (i) to attend with the authorized person, at a place designated by the authorized person, or by video-conference or by another form of electronic communication, and to answer the questions orally, and (ii) to answer the questions in writing, in any form specified by the authorized person; and (e) require a taxpayer or any other person to give the authorized person all reasonable assistance with anything the authorized person is authorized to do under this Act.
et (9) [Abrogés, 2017, ch. 20, art. 9] Options
Where, on ex parte application by the Minister, a judge is satisfied by information on oath that (a) there are reasonable grounds to believe that a dwelling-house is a premises or place referred to in paragraph 231.1(1)(c), (b) entry into the dwelling-house is necessary for any purpose relating to the administration or enforcement of this Act, and (c) entry into the dwelling-house has been, or there are reasonable grounds to believe that entry will be, refused, the judge may issue a warrant authorizing an authorized person to enter the dwelling-house subject to such conditions as are specified in the warrant but, where the judge is not satisfied that entry into the dwelling-house is necessary for any purpose relating to the administration or enforcement of this Act, the judge may (d) order the occupant of the dwelling-house to provide an authorized person reasonable access to any document or property that is or should be kept in the dwelling-house, and (e) make such other order as is appropriate in the circumstances to carry out the purposes of this Act, to the extent that access was or may be expected to be refused and that the document or property is or may be expected to be kept in the dwelling-house. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.]
Sous réserve des paragraphes (12) et (13), aucune somme relative à une option qu’une société a consentie à un donataire reconnu au cours d’une année d’imposition n’est à inclure dans le calcul d’une somme prévue à l’un des alinéas (1)a) à d) relativement à la société pour une année. Application du paragraphe (12)
(a) any information or additional information, including a return of income or a supplementary return; or (a) served personally; (b) sent by registered or certified mail; or (c) sent electronically to a bank or credit union that has provided written consent to receive notices under subsection (1) electronically.
Le paragraphe (12) s’applique si les conditions ci-après sont réunies : a) une option portant sur l’acquisition d’un bien d’une société est consentie à un donataire reconnu; b) l’option est exercée de sorte que le bien fait l’objet d’une disposition par la société et d’une acquisition par le donataire reconnu à un moment donné; c) selon le cas : (i) la somme représentant 80 % de la juste valeur marchande du bien à ce moment est égale ou supérieure au total suivant : (A) la contrepartie que la société a reçue du donataire reconnu pour le bien, (B) la contrepartie que la société a reçue du donataire reconnu pour l’option, (ii) la société convainc le ministre qu’elle a consenti l’option ou disposé du bien avec l’intention de faire un don au donataire reconnu. Octroi d’une option
The Minister shall not impose on any person (in this section referred to as a “third party”) a requirement under subsection 231.2(1) to provide information or any document relating to one or more unnamed persons unless the Minister first obtains the authorization of a judge under subsection 231.2(3). Judicial authorization
En cas d’application du présent paragraphe, les règles ci-après s’appliquent malgré le paragraphe 49(3) : a) la société est réputée avoir reçu pour le bien un produit de disposition égal à sa juste valeur marchande au moment donné; b) l’excédent de la juste valeur marchande du bien sur le total visé au sous-alinéa (11)c)(i) est inclus dans le total visé à l’alinéa (1)a) pour l’année d’imposition de la société qui comprend le moment donné. Disposition of an option
A judge of the Federal Court may, on application by the Minister and subject to any conditions that the judge considers appropriate, authorize the Minister to impose on a third party a requirement under subsection (1) relating to an unnamed person or more than one unnamed person (in this subsection referred to as the “group”) if the judge is satisfied by information on oath that (a) the person or group is ascertainable; and (b) the requirement is made to verify compliance by the person or persons in the group with any duty or obligation under this Act.
If this subsection applies, then Information return Lump-sum Payments Definitions c) si le bien donné n’est pas le bien initial : (i) la société est réputée avoir disposé du bien initial au moment où le bien donné lui est transféré pour un produit de disposition égal à la juste valeur marchande du bien donné à ce moment ou, si elle est plus élevée, à la juste valeur marchande du bien initial au moment où il a été transféré par la société au donataire, (ii) dans le cas où le transfert du bien initial par la société constituerait un don s’il n’était pas tenu compte de l’alinéa a), la société est réputée avoir transféré au donataire, au moment du transfert du bien initial, un bien qui fait l’objet d’un don dont la juste valeur marchande est égale à l’excédent de la juste valeur marchande du bien initial au moment de son transfert sur la juste valeur marchande du bien donné au moment où il est transféré à la société. Déclaration de renseignements
Evidence in support of application
Si le paragraphe (15) s’applique relativement au transfert d’un bien à une société et que la juste valeur marchande de ce bien est supérieure à 50 $, le cédant est tenu de présenter au ministre, au plus tard le quatre-vingt-dixième jour suivant le transfert du bien, une déclaration de renseignements contenant les renseignements prescrits et d’en fournir une copie à la société. Nouvelle cotisation
An application under subsection 231.3(1) shall be supported by information on oath establishing the facts on which the application is based.
En cas d’application du paragraphe (15) relativement au transfert d’un bien à une société, le ministre peut établir une nouvelle cotisation à l’égard de la déclaration de revenu d’une personne dans la mesure où il est raisonnable de considérer qu’elle a trait au transfert. Paiements forfaitaires Définitions
A judge may issue the warrant referred to in subsection 231.3(1) where the judge is satisfied that there are reasonable grounds to believe that (a) an offence under this Act was committed; (b) a document or thing that may afford evidence of the commission of the offence is likely to be found; and (c) the building, receptacle or place specified in the application is likely to contain such a document or thing.
(a) an amount (c) an amount described in paragraph 6(1)(f) or (f.1), subparagraph 56(1)(a)(iv) or paragraph 56(1)(b), or (d) a prescribed amount or benefit, except to the extent that the individual may deduct for the year an amount under paragraph 8(1)(b), (n) or (n.1). année d’imposition admissible Quant à un montant admissible reçu par un particulier, l’année d’imposition qui remplit les conditions suivantes : a) elle s’est terminée après 1977 et avant l’année au cours de laquelle le particulier a reçu le montant admissible; b) il s’agit d’une année tout au long de laquelle le particulier a résidé au Canada; c) elle ne s’est pas terminée dans une année civile au cours de laquelle le particulier a fait faillite; d) elle ne fait pas partie d’une période d’établissement de la moyenne, au sens de l’article 119 en son état applicable à l’année d’imposition 1987, conformément à un choix fait par le particulier en vertu de cet article mais non révoqué. (eligible taxation year) montant admissible Montant reçu par un particulier au cours d’une année d’imposition (sauf la partie du montant qu’il est raisonnable de considérer comme étant reçue au titre ou en paiement intégral ou partiel d’intérêts) et inclus dans le calcul du revenu du particulier pour l’année et qui est : a) un montant qui, à la fois : (i) est reçu en exécution d’une ordonnance ou d’un jugement d’un tribunal compétent, d’une sentence arbitrale ou d’un contrat par lequel le payeur et le particulier mettent fin à une procédure judiciaire, (ii) est : (A) soit inclus dans le calcul du revenu du particulier tiré d’une charge ou d’un emploi, (B) soit reçu à titre ou en règlement total ou partiel de dommages-intérêts pour la perte d’une charge ou d’un emploi, b) une prestation de retraite ou de pension (sauf une prestation visée à la division 56(1)a)(i)(B)) reçue au titre ou en paiement intégral ou partiel d’une série de paiements périodiques (à l’exclusion de paiements qui auraient autrement été effectués au cours de l’année ou d’une année d’imposition postérieure); c) un montant visé aux alinéas 6(1)f) ou f.1), au sous-alinéa 56(1)a)(iv) ou à l’alinéa 56(1)b); 60(n) or (o.1) or 110(1)(f) in respect of the amount so included. (montant admissible)
A warrant issued under subsection 231.3(1) shall refer to the offence for which it is issued, identify the building, receptacle or place to be searched and the person alleged to have committed the offence and it shall be reasonably specific as to any document or thing to be searched for and seized.
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 110.4; 1994, c. 7, Sch. II, s. 80; 2000, c. 19, s. 18. Definitions A - B where d) un montant ou une prestation visés par règlement. (qualifying amount)
Any person who executes a warrant under subsection 231.3(1) may seize, in addition to the document or thing referred to in that subsection, any other document or thing that the person believes on reasonable grounds affords evidence of the commission of an offence under this Act and shall as soon as practicable bring the document or thing before, or make a report in respect thereof to, the judge who issued the warrant or, where the judge is unable to act, another judge of the same court to be dealt with by the judge in accordance with this section.
Déduction pour paiements forfaitaires
Subject to subsection 231.3(7), where any document or thing seized under subsection 231.3(1) or 231.3(5) is brought before a judge or a report in respect thereof is made to a judge, the judge shall, unless the Minister waives retention, order that it be retained by the Minister, who shall take reasonable care to ensure that it is preserved until the conclusion of any investigation into the offence in relation to which the document or thing was seized or until it is required to be produced for the purposes of a criminal proceeding.
Peut être déduit dans le calcul du revenu imposable d’un particulier (sauf une fiducie) pour une année d’imposition le total des montants représentant chacun la partie déterminée d’un montant admissible qu’il a reçu au cours de l’année, si ce total s’établit à 3 000 $ ou plus. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir lois et règlements modificatifs appropriés.] 2000, ch. 19, art. 17; 2013, ch. 34, art. 239.
Subject to section 231.32, if any document or thing seized under subsection (1) or (5) is brought before a judge or a report in respect of any document or thing seized is made to a judge, the judge may, of the judge’s own motion or on summary application by a person with an interest in the document or thing on three clear days notice of application to the Deputy Attorney General of Canada, order that the document or thing be returned to the person from whom it was seized or the person who is otherwise legally entitled to it if the judge is satisfied that the document or thing (a) will not be required for an investigation or a criminal proceeding; or (b) was not seized in accordance with the warrant or this section.
[NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 110.4; 1994, ch. 7, ann. II, art. 80; 2000, ch. 19, art. 18. Montants à ajouter en réduction pour impôt étranger
The person from whom any document or thing is seized pursuant to this section is entitled, at all reasonable times and subject to such reasonable conditions as may be imposed by the Minister, to inspect the document or thing and to obtain one copy of the document at the expense of the Minister. Warrant under Criminal Code
a) d’une part, majore tout montant déductible par la société en vertu du paragraphe 126(1) ou (2) pour l’année; b) d’autre part, ne majore pas un montant déductible par la société en vertu d’un des articles 125, 125.1, 127, 127.2 et 127.3 pour l’année. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir lois et règlements modificatifs appropriés.] 1985, ch. 45, art. 56. Définitions
action admissible de petite entreprise S’agissant d’une action admissible de petite entreprise d’un particulier (à l’exception d’une fiducie qui n’est pas une fiducie personnelle) à un moment donné, action du capital-actions d’une société qui, à la fois : a) au moment donné, est une action du capital-actions d’une société exploitant une petite entreprise, action dont le particulier, son époux ou conjoint de fait ou une société de personnes liée au particulier est propriétaire; exceeds (b) all of the individual’s allowable business investment losses for the year; (plafond annuel des gains) (d) all amounts deducted under this section in computing the individual’s taxable incomes for preceding taxation years, and (e) the individual’s cumulative net investment loss at the end of the year; (plafond des gains cumulatifs) b) tout au long de la période de 24 mois qui précède le moment donné, n’est la propriété ni d’une personne ou société de personnes qui lui est liée; c) tout au long de la partie de la période de 24 mois qui précède le moment donné, où l’action est la propriété particulière d’une personne ou société de personnes qui lui est liée, et une action du capital-actions d’une société privée sous contrôle canadien et dont plus de 50 % de la juste valeur marchande de l’actif est attribuable à des éléments visés aux sous-alinéas (i) ou (ii) : (i) des éléments utilisés principalement dans une entreprise que la société ou une société qui lui est liée exploite activement, principalement au Canada, (ii) des actions du capital-actions ou des dettes d’une ou plusieurs autres sociétés rattachées à la société — au sens du paragraphe 186(4), selon l’hypothèse que chacune de ces autres sociétés est une société rattachée au sens du même paragraphe — dans le cas où, à la fois : (A) tout au long de la partie de la période de 24 mois qui précède le moment donné, ces actions ou ces dettes sont la propriété de la société, d’une personne ou société de personnes qui lui est liée ou d’une personne ou société de personnes liée à une telle personne ou société de personnes, (B) tout au long de la partie de la période de 24 mois qui précède le moment donné, ces actions ou ces dettes sont la propriété de la société, d’une personne ou société de personnes qui lui est liée ou d’une personne ou société de personnes liée à une telle personne ou société de personnes, il s’agit d’actions ou de dettes de sociétés privées sous contrôle canadien et dont plus de 50 % de la juste valeur marchande de l’actif est attribuable à des éléments visés au sous-alinéa (i) ou au présent sous-alinéa. Toutefois : d) dans le cas où, pour une période donnée comprise dans la période de 24 mois se terminant au moment donné, la totalité, ou presque, de la juste valeur marchande de l’actif d’une société donnée est la société ou une autre société rattachée à celle-ci et n’est attribuable ni à des éléments visés au sous-alinéa c)(i), ni à des actions ou dettes de sociétés visées à la division exceeds eligible real property gain [Repealed, 1995, c. 3, s. 32] eligible real property loss [Repealed, 1995, c. 3, s. 32] (B) the individual, c)(ii)(B), ni à une combinaison de 50 % éléments, actions ou dettes, le passage « plus de 50 % », à cette division, est remplacé, pour cette période donnée, par le passage « la totalité ou presque, » quant à chacune des autres sociétés rattachées à la société donnée; pour l’application du présent alinéa, une corporation n’est rattachée à une autre que si, à la fois : (i) elle y est rattachée, au sens du paragraphe 186(4), selon l’hypothèse qu’elle est une société payante au sens du même paragraphe, (ii) l’autre société est propriétaire d’actions du capital-actions de la société et est réputée, pour l’application du présent sous-alinéa, propriétaire des actions du capital-actions d’une société quelconque qui sont la propriété d’une société dont les actions du capital-actions sont la propriété de l’autre société ou sont réputées l’être en application du présent sous-alinéa; e) l’action qui, au cours de la période de 24 mois se terminant au moment donné, remplace une autre action n’est censée remplir les conditions de la présente définition que si l’autre action, à la fois : (i) n’est la propriété de nul autre qu’une personne ou société de personnes visée à l’alinéa b) tout au long de la période commençant 24 mois avant le moment donné et se terminant au moment du remplacement, (ii) est une action du capital-actions d’une société visée à l’alinéa c) tout au long de la partie de la période visée au sous-alinéa (i) au cours de laquelle une telle action est la propriété d’une personne ou société de personnes visée à l’alinéa b); f) l’action visée au sous-alinéa c)(ii) qui, au cours de la période de 24 mois se terminant au moment donné, remplace une autre action n’est censée remplir les conditions de ce sous-alinéa que si l’autre action, à la fois : (i) n’est la propriété de nul autre qu’une personne ou société de personnes visée à la division c)(ii)(A) tout au long de la période commençant 24 mois avant le moment donné et se terminant au moment du remplacement, (ii) est une action du capital-actions d’une société visée à l’alinéa c) tout au long de la partie de la période visée au sous-alinéa (i) au cours de laquelle une telle action est la propriété d’une personne ou société de personnes visée à la division c)(ii)(A). (qualified small business corporation share) Income Tax PART I Income Tax DIVISION E Computation of Taxable Income Lump-sum Payments
The warrant is not to authorize the observation of a person by means of a video camera or other similar electronic device. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2024, c. 17, s. 353.
(b) at that time, all or substantially all of the fair market value of the property of the business was attributable to property described in subparagraph (a)(iv); (participation dans une société de personnes agricole ou de pêche familiale) Impôt sur le revenu
(a) under a warrant issued under the Criminal Code; (c) in the execution of duties under this Act. Restitution of things seized and report
If the authorized person is satisfied that the circumstances set out in subparagraphs 489.1(1)(a)(ii) and (ii) of the Criminal Code apply in respect of the thing seized, the authorized person is, as soon as practicable, to return the thing seized and report in accordance with paragraph 489.1(1)(a) of that Act. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2024, c. 17, s. 353.
Paiements forfaitaires
Appointment of hearing officer
action du capital-actions d’une société agricole familiale [Abrogée, 2014, ch. 39, art. 30] action du capital-actions d’une société agricole ou de pêche familiale Est une action du capital-actions d’une société agricole ou de pêche familiale d’un particulier, sauf une fiducie qui n’est pas une fiducie personnelle, à un moment donné (action du capital-actions d’une société dont le particulier est propriétaire à ce moment et à l’égard de laquelle les faits suivants sont avérés) : a) tout au long de toute période de 24 mois se terminant avant ce moment, plus de 50 % de la juste valeur marchande des biens dont la société est propriétaire est attribuable aux biens suivants : (i) des biens qui ont été utilisés par l’une des personnes suivantes dans une ou plusieurs entreprises agricoles ou de pêche, principale-ment au Canada, de l’exploitation d’une entreprise agricole ou de pêche au Canada dans laquelle le particulier, un bénéficiaire visé à la division (C) ou le conjoint de fait, l’enfant, le père ou la mère du particulier ou d’un bénéficiaire pré-vu met un article de revenu figurant ci-dessous : (A) la société, (B) le particulier, (C) si le particulier est une fiducie personnelle, un bénéficiaire de celle-ci, (D) l’époux ou le conjoint de fait, l’enfant, le père ou la mère du particulier ou d’un bénéficiaire visé à la division (C), (E) une autre société qui est liée à la société en cause et dont une action du capital-actions est une action du capital-actions d’une société agricole ou de pêche familiale du particulier, d’un bénéficiaire visé à la division (C) ou de l’époux ou du conjoint de fait, de l’enfant, du père ou de la mère du particulier ou d’un bénéficiaire, (F) une société de personnes dont une société de personnes agricole ou de pêche familiale du particulier, d’un bénéficiaire visé à la division (C) ou de l’époux ou du conjoint de fait, de l’enfant, du père ou de la mère du particulier ou d’un bénéficiaire, (ii) des actions du capital-actions, ou des dettes d’une ou de plusieurs sociétés dont la totalité ou la presque totalité de la juste valeur marchande des biens est attribuable à des biens visés au sous-alinéa (iv), Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
Where the Minister, pursuant to subsection 231.4(1), authorizes a person to make an inquiry, the Minister shall forthwith apply to the Tax Court of Canada for an order appointing a hearing officer before whom the inquiry will be held. Powers of hearing officer
(ii) paragraph 20(1)(g) or subsection 65(1), 66(4), 66.1(3), 66.2(2), 66.21(4) or 66.4(2), b) the total of (d) 50% of the total of all amounts each of which is an amount deducted under subsection 66(4), 66.1(3), 66.2(2), 66.21(4) or 66.4(2) in computing the individual’s income for the year in respect of expenses (i) property, or (iii) des participations dans une ou plusieurs sociétés de personnes, ou des dettes d’une ou de plusieurs sociétés de personnes, dont la totalité ou la presque totalité de la juste valeur marchande des biens est attribuable à des biens visés au sous-alinéa (iv), (iv) des biens visés à l’un des sous-alinéas (i) à (iii); b) à ce moment, la totalité ou la presque totalité de la juste valeur marchande des biens de la société est attribuable à des biens visés au sous-alinéa a)(iv). action du capital-actions d’une société de pêche familiale [Abrogée, 2014, ch. 39, art. 30] bien agricole ou de pêche admissible [Abrogée, 2014, ch. 39, art. 30] bien agricole ou de pêche admissible Est un bien agricole ou de pêche admissible d’un particulier, sauf forme fiduciaire qui n’est pas une fiducie personnelle, à un moment donné bien ci-après spécifié, à ce moment, appartenant au particulier, à son époux ou conjoint de fait ou à une société de personnes agricole ou de pêche familiale du particulier ou de son époux ou conjoint de fait : a) un bien réel ou immeuble ou un navire de pêche qui a été utilisé dans le cadre de l’exploitation d’une entreprise agricole ou de pêche au Canada par l’une des personnes ou sociétés de personnes suivantes : (i) le particulier, (ii) si le particulier est une fiducie personnelle, un bénéficiaire de celle-ci qui a le droit de recevoir tout ou partie du revenu ou du capital de la fiducie directement de celle-ci, (iii) l’époux ou conjoint de fait, l’enfant, le père ou la mère d’une personne visée aux sous-alinéas (i) ou (ii), (iv) une société dont une action du capital-actions est une action du capital-actions d’une société agricole ou de pêche familiale d’un particulier visé à l’un des sous-alinéas (i) à (iii), (v) une société de personnes dont une participation est une participation dans une société de personnes agricole ou de pêche familiale d’un particulier visé à l’un des sous-alinéas (i) à (iii). Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
For the purposes of an inquiry authorized under subsection 231.4(1), a hearing officer appointed under subsection 231.4(2) in relation thereto has all the powers conferred on a commissioner by sections 4 and 5 of the Inquiries Act and that may be conferred on a commissioner under section 11 thereof. When powers to be exercised
(d) all amounts each of which is the amount of the individual’s income for the year from (i) a property, or (b) une action du capital-actions d’une société agricole ou de pêche familiale du particulier ou de son époux ou conjoint de fait; (c) une participation dans une société de personnes agricole ou de pêche familiale du particulier ou de son époux ou conjoint de fait; (d) un bien compris dans la catégorie 14.1 de l’annexe II du *Règlement de l’impôt sur le revenu* qui a été utilisé par une personne ou une société de personnes visée à l’un des sous-alinéas a)(i) à (v), ou par une fiducie personnelle dont le particulier a acquis le bien, dans le cadre de l’exploitation d’une entreprise agricole ou de pêche au Canada. (*qualified farm or fishing property*) **bien de pêche admissible** [Abrogé, 2014, ch. 39, art. 30] **enfant** S’entend au sens du paragraphe 70(10). (*child*) **frais de placement** Le total des montants suivants applicables à un particulier pour une année d’imposition : (a) le total des montants déduits dans le calcul du revenu du particulier pour l’année d’imposition dans la mesure où ces montants entrent par ailleurs dans le calcul de ses frais de placement ou de son revenu de placements pour l’année, à l’exception de ceux déduits, selon le cas : (i) en application des alinéas 20(1)c), d), e) ou e.1) de la présente loi ou de l’alinéa 20(1)c) de la *Loi de l’impôt sur le revenu*, chapitre 148 des Statuts révisés du Canada de 1952, relativement à de l’argent emprunté et que le particulier a soit utilisé à une des fins suivantes, soit utilisé pour acquérir des biens qu’il a utilisés à ces fins : (A) faire un paiement en contrepartie d’un contrat de rente à versements invariables, (B) verser une prime dans le cadre d’un régime enregistré d’épargne-retraite, (C) cotiser à un régime de pension agréé, à un régime de pension agréé collectif ou à un régime de participation différée aux bénéfices, (ii) en application de l’alinéa 20(1)j) ou des paragraphes 65(1), 66(4), 66.1(6), 66.2(2), 66.2(4) ou 66.4(2); b) le total des montants suivants : exceeds non-qualifying real property [Repealed, 1995, c. 3, s. 32] (i) the individual, (i) les montants déduits en application des alinéas 20(1)e), d), e), f) ou bb) de la présente loi ou de l’alinéa 20(1)k) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, dans le calcul du revenu du particulier pour l’année provenant d’une société de personnes dont il est un associé déterminé au cours de l’exercice de la société de personnes se terminant pendant l’année, (ii) les montants déduits en application du sous-alinéa 20(1)e)(iv) dans le calcul du revenu du particulier pour l’année au titre des frais engagés par une société de personnes dont le particulier est un associé déterminé au cours de l’exercice de la société de personnes se terminant immédiatement avant qu’elle ait cessé d’exister; c) le total des montants suivants : (i) les montants (sauf les pertes en capital déductibles) déduits dans le calcul du revenu du particulier pour l’année comme sa part sur les pertes subies par une société de personnes dont il est un associé déterminé au cours de l’exercice de celle-ci se terminant pendant l’année, (ii) les montants déduits en application de l’alinéa 111(1)e) dans le calcul du revenu imposable du particulier pour l’année; d) 50 % du total des montants déduits en application des paragraphes 66(4), 66.1(3), 66.2(2), 66.2(4) ou 66.4(2), dans le calcul du revenu du particulier pour l’année, au titre : (i) soit des frais qu’une société a engagés et auxquels elle a renoncé en application des paragraphes 66(12.6), (12.601), (12.62) ou (12.64), (ii) soit des frais engagés par une société de personnes dont le particulier était un associé déterminé au cours de l’exercice de celle-ci pendant lequel les frais ont été engagés; e) le total des pertes subies par le particulier pour l’année résultant de biens ou de la location de biens locatifs — au sens du paragraphe 1100(14) du Règlement de l’impôt sur le revenu — ou de biens visés aux catégories 31 ou 32 de l’annexe II du même règlement, appartenant au particulier ou à une société de personnes dont il est un associé déterminé au cours de l’exercice de la société de personnes se terminant pendant l’année; Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
A hearing officer appointed under subsection 231.4(2) in relation to an inquiry shall exercise the powers conferred on a commissioner by section 4 of the Inquiries Act in relation to such persons as the person authorized to make the inquiry considers appropriate for the conduct thereof but the hearing officer shall not exercise the power to punish any person unless, on application by the hearing officer, a judge of a superior or county court certifies that the power may be exercised in the matter disclosed in the application and the applicant has given to the person in respect of whom the applicant proposes to exercise the power 24 hours notice of the hearing of the application or such shorter notice as the judge considers reasonable. Rights of witness at inquiry
(iii) a spouse, common-law partner, child or parent of an individual referred to in subparagraph (i) or (ii), qualified farm property [Repealed, 2014, c. 39, s. 30] qualified fishing property [Repealed, 2014, c. 39, s. 30] Impôt sur le revenu
Any person who gives evidence in an inquiry authorized under subsection 231.4(1) is entitled to be represented by counsel and, on request made by the person to the Minister, to receive a transcript of the evidence given by the person. Rights of person whose affairs are investigated
Any person whose affairs are investigated in the course of an inquiry authorized under subsection 231.4(1) is entitled to be present and to be represented by counsel throughout the inquiry unless the hearing officer appointed under subsection 231.4(2) in relation to the inquiry, on application by the Minister or a person giving evidence, orders otherwise in relation to the whole or any part of the inquiry on the ground that the presence of the person and the person’s counsel, or either of them, would be prejudicial to the effective conduct of the inquiry.
Paiements forfaitaires
f) l’excédent éventuel du total des pertes en capital nettes du particulier pour d’autres années d’imposition, déduites en application de l’alinéa 111(1)(b) dans le calcul de son revenu imposable pour l’année, sur l’excédent calculé quant à lui pour l’année selon l’alinéa a) de l’élément B de la formule figurant à la définition de plafond annuel des gains. (investment expense) gain admissible sur immeuble [Abrogé, 1995, ch. 3, art. 32] immeuble non admissible [Abrogé, 1995, ch. 3, art. 32] participation dans une société de personnes agricole familiale [Abrogée, 2014, ch. 39, art. 30] participation dans une société de personnes agricole ou de pêche familiale Est une participation dans une société de personnes agricole ou de pêche familiale d’un particulier, au sens du présent article, une participation dans une société dont le particulier est propriétaire à un moment donné et à l’égard de laquelle les faits ci-après existent : a) tout au long d’une période de 24 mois se terminant avant ce moment, plus de 50 % de la juste valeur marchande des biens de la société de personnes est attribuable aux biens qui sont : (i) des biens qui ont été utilisés par l’une des personnes ou sociétés de personnes ci-après, principalement dans le cadre de l’exploitation d’une entreprise agricole ou de pêche au Canada dans laquelle le particulier, un bénéficiaire visé à la division (C) ou l’époux ou le conjoint de fait, l’enfant, le père ou la mère du particulier ou d’un bénéficiaire prenait une part active de façon régulière et continue : (A) la société de personnes, (B) le particulier, (C) si le particulier est une fiducie personnelle, un bénéficiaire de celle-ci, (D) l’époux ou le conjoint de fait, l’enfant, le père ou la mère du particulier ou d’un bénéficiaire visé à la division (C), (E) une société dont une action du capital-actions ou des actions du capital-actions de son capital-actions est une action du capital-actions ou des actions du capital-actions du particulier, d’un bénéficiaire visé à la division (C) ou de l’époux ou du conjoint de fait, de l’enfant, du père ou de la mère du particulier ou d’un bénéficiaire, Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
No person shall, physically or otherwise, interfere with, hinder or molest an official (in this subsection having the meaning assigned by subsection 241(10)) doing anything that the official is authorized to do under this Act or attempt to interfere with, hinder or molest any official doing, or prevent or attempt to prevent an official from doing, anything that the official is authorized to do under this Act, and every person shall, unless the person is unable to do so, do everything that the person is required to do by or under subsection (1) or sections 231.1 to 231.4. Definition of foreign-based information or document
(F) une société de personnes dont une participation est une participation dans une société de personnes agricole ou de pêche familiale du particulier, d’un bénéficiaire visé à la division (C) ou de l’époux ou du conjoint de fait, de l’enfant, du père ou de la mère du particulier ou d’un tel bénéficiaire, (ii) des actions du capital-actions, ou des dettes, d’une ou de plusieurs sociétés dont la totalité ou presque totalité de la juste valeur marchande des biens est attribuable à des biens visés au sous-alinéa (iv), (iii) des participations dans une ou plusieurs sociétés de personnes, ou des dettes d’une ou de plusieurs sociétés de personnes, dont la totalité ou presque totalité de la juste valeur marchande des biens est attribuable à des biens visés au sous-alinéa (iv), (iv) des biens visés à l’un des sous-alinéas (i) à (iii); b) à ce moment, la totalité ou la presque totalité de la juste valeur marchande des biens de la société de personnes est attribuable à des biens visés au sous-alinéa (iv). (interest in a family farm or fishing partnership) participation dans une société de personnes de pêche familiale [Abrogée, 2014, ch. 39, art. 70] perte admissible sur immeuble [Abrogée, 1995, ch. 3, art. 32] perte nette cumulative sur placements L’excédent éventuel du total visé à l’alinéa a) sur le total visé à l’alinéa b) applicable à un particulier à la fin d’une année d’imposition : a) le total des montants dont chacun représente les frais de placement du particulier pour l’année ou pour une année d’imposition antérieure se terminant après 1987; b) le total des montants dont chacun représente le revenu de placement du particulier pour l’année ou pour une année d’imposition antérieure se terminant après 1987. (cumulative net investment loss) plafond annuel des gains Limite permise à un particulier pour une année d’imposition, correspondant au résultat du calcul suivant : A - B où : [Repealed, 2014, c. 39, s. 30] A représente le moins élevé des montants suivants : a) l’excédent calculé quant au particulier pour l’année en application de l’alinéa 3b) en ce qui concerne les gains en capital et les pertes en capital; b) l’excédent qui serait calculé selon l’alinéa 3b) à l’égard du particulier pour l’année au titre des gains en capital et des pertes en capital si les seuls biens visés à l’alinéa étaient des biens, au moment où il en a été disposé, étaient des biens agricoles admissibles, des biens de pêche admissibles, ou des biens agricoles ou de pêche admissibles et des actions admissibles de petite entreprise; B le total des montants suivants : a) l’excédent éventuel du montant visé au sous-alinéa(i) sur le montant visé au sous-alinéa (ii): (i) les pertes en capital nettes du particulier pour d’autres années d’imposition, déduites en application de l’alinéa 111(1)b) dans le calcul de son revenu imposable pour l’année; (ii) la fraction de l’excédent calculé quant au particulier pour l’année en application de l’alinéa 3b) sur le montant visé au sous-alinéa (i); b) le total des pertes déductibles au titre de placements déterminés du particulier pour l’année. (annual gains limit) plafond des gains cumulatifs Limite permise à un particulier à la fin d’une année d’imposition, correspondant à l’excédent éventuel : a) du total des montants calculés selon l’élément A de la formule figurant à la définition de plafond annuel des gains, quant au particulier pour l’année ou pour les années d’imposition antérieures qui se terminent après 1984; sur le total des montants suivants : b) le total des montants calculés selon l’élément B de la formule figurant à la définition de plafond annuel des gains, quant au particulier pour l’année ou pour les années d’imposition antérieures qui se terminent après 1984; c) le montant éventuel déduit en application de l’alinéa 3c) dans le calcul du revenu du particulier pour l’année d’imposition 1985; Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
Requirement to provide foreign-based information
(B) the individual, revenu de placements Le total des montants suivants applicable à un particulier pour une année d’imposition : a) les montants inclus dans le calcul du revenu du particulier pour l’année tiré de biens (sauf ceux inclus en application du paragraphe 15(2) ou de l’alinéa 56(1)(d) de la présente loi ou de l’alinéa 56(1)(d.1) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952), y compris tout montant inclus en application du paragraphe 13(1) au titre de biens dont le revenu constituerait un revenu de biens, sauf dans la mesure où ces montants entrent par ailleurs dans le calcul de son revenu de placements ou de ses frais de placement pour l’année; b) les montants (sauf les gains en capital imposables) inclus dans le calcul du revenu du particulier pour l’année comme sa part sur le revenu d’une société de personnes ou d’une fiducie, dans la mesure où ces montants constituent un revenu de biens, sauf dans la mesure où ces montants entrent par ailleurs dans le calcul de son revenu de placements ou de ses frais de placement pour l’année; c) 50 % du total des montants inclus dans le calcul du revenu du particulier pour l’année en application du paragraphe 59(3.2); d) les montants dont chacun représente le revenu du particulier pour l’année tiré de biens ou de la location de biens locatifs — au sens du paragraphe 1100(1) du Règlement de l’impôt sur le revenu — ou de biens visés aux catégories 31 ou 32 de l’annexe II du même règlement, appartenant au particulier ou à une société de personnes dont il est un associé (à l’exclusion d’une société de personnes dont il est un associé déterminé au cours de l’exercice de la société de personnes se terminant pendant l’année), y compris tout montant inclus, en application du paragraphe 13(1), dans le calcul du revenu du particulier pour l’année au titre de biens locatifs du particulier ou de la société de personnes ou de biens dont le revenu constituerait un revenu de biens; e) l’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii): (i) le total des montants (sauf ceux relatifs à des contrats de rente à versements invariables ou des Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
Notwithstanding any other provision of this Act, the Minister may, by notice sent or served in accordance with subsection (3.1), require that a person resident in Canada or a non-resident person carrying on business in Canada provide any foreign-based information or document. (a) a reasonable period of time of not less than 90 days for the production of the information or document; (b) a description of the information or document being sought; and (c) the consequences under subsection 231.6(8) to the person of the failure to provide the information or documents being sought within the period of time set out in the notice. (a) served personally; (b) sent by registered or certified mail; or (c) sent electronically to a bank or credit union that has provided written consent to receive notices under subsection (2) electronically.
[Repealed, 2014, c. 39, s. 30] Value of NISA (1.2) [Repealed, 2014, c. 39, s. 30] Farming or fishing property — conditions Impôt sur le revenu
The person who is sent or served with a notice of a requirement under subsection (2) may, within 90 days after the notice is sent or served, apply to a judge for a review of the requirement. Powers on review
On hearing an application under subsection 231.6(4) in respect of a requirement, a judge may (b) vary the requirement as the judge considers appropriate in the circumstances; or (c) set aside the requirement if the judge is satisfied that the requirement is unreasonable. Unreasonableness
Paiements forfaitaires
For the purposes of paragraph (5)(c), the requirement to provide the information or document shall not be considered to be unreasonable because the information or document is under the control of or available to a non-resident person that is not controlled by the person who is sent or served with the notice of the requirement under subsection (2) if that person is related to the non-resident person.
contrats de rente achetés en conformité avec des régimes de participation différée aux bénéfices ou des régimes appelés « régimes dont l’agrément est retiré » au paragraphe 147(15)) inclus en application de l’alinéa 56(1)d) de la présente loi ou de l’alinéa 56(1.1)b) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts revisés du Canada de 1952, dans le calcul du revenu du particulier pour l’année, (ii) le total des montants déduits en application de l’alinéa 60a) dans le calcul du revenu du particulier pour l’année, f) l’excédent éventuel du total des montants inclus, en application de l’alinéa 3b) au titre des gains en capital et des pertes en capital, dans le calcul du revenu du particulier pour l’année sur le montant calculé quant à lui pour l’année selon l’élément A de la formule figurant à la définition de gain net annuel des gains. (investment income) Valeur d’un compte de stabilisation du revenu net (1.1) Pour l’application des définitions de action admissible de petite entreprise et action du capital-actions d’une société agricole ou de pêche familiale au paragraphe (1), la juste valeur marchande d’un compte de stabilisation du revenu net est réputée nulle. (1.2) [Abrogé, 2014, ch. 39, art. 30] Bien agricole ou de pêche — conditions (1.3) Pour l’application de la définition de bien agricole ou de pêche admissible, au paragraphe (1), à un moment donné, le bien qui, à ce moment, appartient à un particulier, à son époux ou conjoint de fait ou à une société de personnes, une participation dans laquelle est une participation dans une société de personnes agricole ou de pêche familiale du particulier ou de son époux ou conjoint de fait n’est considéré comme ayant été utilisé dans le cadre de l’exploitation d’une entreprise agricole ou de pêche au Canada que si les conditions ci-après sont réunies : a) les faits ci-après s’appliquent relativement au bien ou au bien qui lui a été substitué (appelés « bien » au présent alinéa) : (i) le bien appartenait à l’une ou plusieurs des personnes ou sociétés de personnes ci-après tout au long de la période d’au moins 24 mois précédant ce moment : (A) le particulier ou son époux ou conjoint de fait, son enfant, son père ou sa mère, (ii) either (b) [Repealed, 2013, c. 34, s. 240] (B) une société de personnes, une participation dans laquelle est une participation dans une société de personnes agricole ou de pêche familiale du particulier ou de son époux ou conjoint de fait, (C) si le particulier est une fiducie personnelle, le particulier auprès duquel la fiducie a acquis le bien ou l’époux ou le conjoint de fait, l’enfant, le père ou la mère de ce particulier, (D) la fiducie personnelle auprès de laquelle le particulier, son enfant, son père ou sa mère a acquis le bien, (ii) selon le cas : (A) pendant au moins deux ans où le bien appartenait à un ou plusieurs des personnes ou des sociétés de personnes visées au sous-alinéa (i) : (I) d’une part, le revenu brut d’une personne visée au sous-alinéa (i) (appelée « exploitant » à la présente subdivision) provenant de l’entreprise agricole ou de pêche visée au sous-alinéa (II) pour la période où le bien appartenait à une personne ou à une société de personnes visée à ce sous-alinéa dépassait le revenu de l’exploitant provenant de toutes les autres sources pour cette période, (II) d’autre part, le bien était utilisé principalement dans le cadre d’une entreprise agricole ou de pêche exploitée au Canada dans laquelle un particulier visé au sous-alinéa (i), ou si le particulier est une fiducie personnelle, un bénéficiaire de celle-ci prenait une part active de façon régulière et continue, (B) tout au long d’une période d’au moins 24 mois pendant que le bien appartenait à un ou plusieurs des personnes ou des sociétés de personnes visées au sous-alinéa (i), le bien était utilisé soit par une société visée au sous-alinéa a)(iv) de la définition de bien agricole ou de pêche admissible au paragraphe (1), soit par une société de personnes visée au sous-alinéa a)(v) de cette définition, dans le cadre d’une entreprise agricole ou de pêche dans laquelle un particulier visé à l’un des sous-alinéas a)(i) à (iii) de cette définition prenait une part active de façon régulière et continue; b) [Abrogé, 2013, ch. 34, art. 240] [$400,000 - (A + B + C + D)] × E where (i) before 1988, or donnée et qui dispose de biens agricoles ou de pêche admissibles au cours de cette année ou d'une année d'imposition antérieure ou qui a disposé avant 2014 de biens qui étaient des biens agricoles admissibles ou des biens de pêche admissibles au moment de la disposition peut déduire, dans le calcul de son revenu imposable pour l'année donnée, une somme n'excédant pas la moins élevée des sommes suivantes : a) le montant obtenu par la formule suivante : [400 000 $ - (A + B + C + D)] × E où : A représente le total des sommes représentant chacune une somme déduite en application du présent article dans le calcul du revenu imposable du particulier pour une année d'imposition antérieure terminée : (i) soit avant 1988, (ii) soit après le 17 octobre 2000, B le total des montants représentant chacun : (i) soit les 3/4 du montant déduit en application du présent article dans le calcul du revenu imposable du particulier pour une année d'imposition antérieure terminée après 1987 et avant 1990 (à l'exclusion des montants déduits, en application du présent article pour une année d'imposition, au titre d'un montant inclus dans le calcul du revenu d'un particulier pour cette année par l'effet du sous-alinéa 14(1)a)(v), dans sa version applicable aux années d'imposition terminées avant le 28 février 2000), (ii) soit les 3/4 du montant déduit en application du présent article dans le calcul du revenu imposable du particulier pour une année d'imposition antérieure qui a commencé après le 27 février 2000 et s'étant terminée avant le 18 octobre 2000, C les 2/3 du total des montants représentant chacun un montant déduit en application du présent article dans le calcul du revenu imposable du particulier, soit : (i) pour une année d'imposition antérieure terminée après 1989 et avant le 28 février 2000, (ii) au titre d'un montant inclus par l'effet du sous-alinéa 14(1)a)(v) (dans sa version applicable aux années d'imposition terminées avant le 28 février 2000) dans le calcul du revenu d'un particulier pour une année d'imposition ayant commencé après 1987 et s'étant terminée avant 1990, E is 2 × (F + G)/H where Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
The period of time between the day on which an application for review of a requirement is made pursuant to subsection (4) and the day on which the application is finally disposed of shall not be counted in the computation of (a) the period of time set out in the notice of the requirement; and (b) the period of time within which an assessment may be made pursuant to subsection 152(4).
Impôt sur le revenu
If a person fails to comply substantially with a notice sent or served under subsection (2) and if the notice is not set aside by a judge pursuant to subsection (5), any court having jurisdiction in a civil proceeding relating to the administration or enforcement of this Act shall, on motion of the Minister, prohibit the introduction by that person of any foreign-based information or document covered by that notice.
(a) the person was required under section 231.1 or 231.2 to provide the access, assistance, information or document and did not do so; and (b) in the case of information or a document, the information or document is not protected from disclosure by solicitor-client privilege (within the meaning of subsection 232(1)). Notice required
Paiements forfaitaires
An application under subsection (1) must not be heard before the end of five clear days from the day the notice of application is served on the person against whom the order is sought. Judge may impose conditions
c) son plafond annuel des gains pour l’année; d) l’excédent qui serait calculé selon l’alinéa 3b) à l’égard du particulier pour l’année donnée dans la mesure où il n’est pas inclus dans le montant de la somme déterminée selon l’alinéa (2)d) à l’égard du particulier) à l’égard des gains en capital et des pertes en capital si les seuls biens visés à cet alinéa étaient des biens qui, au moment où ils en a été disposé, étaient des biens agricoles admissibles, des biens de pêche admissibles ou des biens agricoles ou de pêche admissibles. Déduction pour gains en capital — actions admissibles de petite entreprise (2.1) Le particulier — à l’exception d’une fiducie — qui réside au Canada tout au long d’une année d’imposition donnée et qui dispose au cours de cette année ou d’une année d’imposition antérieure et après le 17 juin 1987 d’actions qui sont des actions admissibles de petite entreprise peut déduire, dans le calcul de son revenu imposable pour l’année donnée, le montant qu’il peut demander et qui ne dépasse pas le moins élevé des montants suivants : a) le montant déterminé selon la formule figurant à l’alinéa (2)a) à l’égard du particulier pour l’année; b) l’excédent éventuel de son plafond cumulatif des gains relatifs à la fin de l’année donnée sur le montant déduit en application du paragraphe (2) dans le calcul de son revenu imposable pour l’année donnée; c) l’excédent éventuel de son plafond annuel des gains pour l’année donnée sur le montant déduit en application du paragraphe (2) dans le calcul de son revenu imposable pour l’année donnée; d) l’excédent qui serait calculé selon l’alinéa 3b) à l’égard du particulier pour l’année donnée (dans la mesure où il n’est pas inclus dans le montant de la somme déterminée selon l’alinéa (2)d) à l’égard du particulier) à l’égard des gains en capital et des pertes en capital si les seuls biens visés à l’alinéa 3b) étaient des actions admissibles de petite entreprise du particulier. Déduction supplémentaire — biens agricoles ou de pêche admissibles (2.2) Le particulier — à l’exception d’une fiducie — qui réside au Canada tout au long d’une année d’imposition donnée et qui dispose de biens agricoles ou de pêche admissibles au cours de cette année ou d’une année d’imposition antérieure et après le 20 avril 2015 peut déduire dans le calcul de son revenu imposable pour l’année donnée, une somme n’excédant pas le moins élevé des sommes suivantes : Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
A judge making an order under subsection (1) may impose any conditions in respect of the order that the judge considers appropriate. Contempt of court
If a person fails or refuses to comply with an order, a judge may find the person in contempt of court and the person is subject to the processes and the punishments of the court to which the judge is appointed.
[Repealed, 1995, c. 3, s. 32] Maximum capital gains deduction Impôt sur le revenu
An order by a judge under subsection (1) may be appealed to a court having appellate jurisdiction over decisions of the court to which the judge is appointed. An appeal does not suspend the execution of the order unless it is so ordered by a judge of the court to which the appeal is made. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; 2001, c. 17, s. 183.]
(a) where the taxpayer is sent or served with a notice of a requirement under subsection 231.2(1), the period of time between the day on which an application for judicial review in respect of the requirement is made and the day on which the application is finally disposed of; and (b) where an application is commenced by the Minister under subsection 231.7(1) to order the taxpayer to provide any access, assistance, information or document, the period of time between the day on which the taxpayer files a notice of appearance, or otherwise opposes the application, and the day on which the application is finally disposed of. [NOTE: Application provisions are not included in this consolidated text; see relevant amending Acts and regulations; 2018, c. 27, s. 24; 2021, c. 23, s. 57.] judge means a judge of a superior court having jurisdiction in the province where the matter arises or a judge of the Federal Court; (juge) lawyer means, in the province of Quebec, an advocate or notary and, in any other province, a barrister or solicitor; (avocat) officer means a person acting under the authority conferred by or under sections 231.1 to 231.5; (fonctionnaire) solicitor-client privilege means the right, if any, that a person has in a superior court in the province where the matter arises to refuse to disclose an oral or documentary communication on the ground that the communication is one passing between the person and the person’s lawyer in professional confidence, except that for the purposes of this section an accounting record of a lawyer, including any supporting voucher or cheque, shall be deemed not to be such a communication. (privilège des communications entre client et avocat)
Paiements forfaitaires
Where a lawyer is prosecuted for failure to comply with a requirement under section 231.2 with respect to information or a document, the lawyer shall be acquitted if the lawyer establishes to the satisfaction of the court (a) that the lawyer, on reasonable grounds, believed that a client of the lawyer had a solicitor-client privilege in respect of the information or document; and (b) that the lawyer communicated to the Minister, or some person duly authorized to act for the Minister, the lawyer’s refusal to comply with the requirement together with a claim that a named client of the lawyer had a solicitor-client privilege in respect of the information or document.
a) l'excédent éventuel de 500 000 $ sur le total des sommes suivantes : (i) la somme de 400 000 $ rajustée pour chaque année postérieure à 2014 selon la méthode de rajustement prévue à l'article 117.1, (ii) le total des sommes représentant chacune une somme déduite en application du présent paragraphe dans le calcul du revenu imposable pour une année d'imposition antérieure ayant pris fin après 2014; b) l'excédent éventuel de son plafond des gains cumulatifs à la fin de l'année donnée sur le total des sommes représentant chacune une somme qu'il a déduite en application des paragraphes (2) ou (2.1) dans le calcul de son revenu imposable pour l'année donnée; c) l'excédent éventuel de son plafond annuel des gains pour l'année donnée sur le total des sommes représentant chacune une somme qu'il a déduite en application des paragraphes (2) ou (2.1) dans le calcul de son revenu imposable pour l'année donnée; d) l'excédent qui serait calculé selon l'alinéa 3b) à l'égard du particulier pour l'année donnée au titre des gains en capital et des pertes en capital si les seuls biens visés à cet alinéa étaient des biens agricoles ou de pêche admissibles dont le particulier a disposé après le 20 avril 2015. Déduction supplémentaire — ordre (2.3) Le paragraphe (2.2) ne s'applique aux fins du calcul du revenu imposable d'un particulier pour une année d'imposition que s'il a demandé la somme maximale qu'il peut déduire en application des paragraphes (2) et (2.1) pour l'année.
Where, pursuant to section 231.3, an officer is about to seize a document in the possession of a lawyer and the lawyer claims that a named client of the lawyer has a solicitor-client privilege in respect of that document, the officer shall, without inspecting, examining or making copies of the document, (a) seize the document and place it, together with any other document in respect of which the lawyer at the same time makes the same claim on behalf of the same client, in a package and suitably seal and identify the package; and (b) place the package in the custody of the sheriff of the district or county in which the seizure was made or, if the officer and the lawyer agree in writing on a person to act as custodian, in the custody of that person. (3.1) Where, pursuant to section 231.1, an officer is about to inspect or examine a document in the possession of a lawyer or where, pursuant to section 231.2, the Minister has required provision of a document by a lawyer, and the lawyer claims that a named client or former client of the lawyer has a solicitor-client privilege in respect of the document, no officer shall inspect or examine the document and the lawyer shall (a) place the document, together with any other document in respect of which the lawyer at the same time makes the same claim on behalf of the same client, in a package and suitably seal and identify the package or, if the officer and the lawyer agree, allow the pages of the document to be initialed and numbered or otherwise suitably identified; and (b) retain it and ensure that it is preserved until it is produced to a judge as required under this section and an order is issued under this section in respect of the document. Application to judge
[Abrogé, 1995, ch. 3, art. 32] Déduction maximale pour gains en capital
Where a document has been seized and placed in custody under subsection 232(3) or is being retained under subsection 232(3.1), the client, or the lawyer on behalf of the client, may (a) within 14 days after the day the document was so placed in custody or commenced to be so retained apply, on three clear days notice of motion to the Deputy Attorney General of Canada, to a judge for an order (i) fixing a day, not later than 21 days after the date of the order, and place for the determination of the question whether the client has a solicitor-client privilege in respect of the document, and (ii) requiring the production of the document to the judge at that time and place; (b) serve a copy of the order on the Deputy Attorney General of Canada and, where applicable, on the custodian within 6 days of the day on which it was made and, within the same time, pay to the custodian the estimated expenses of transporting the document to and from the place of hearing and of safeguarding it; and (c) if the client or lawyer has proceeded as authorized by paragraph 232(4)(b), apply at the appointed time and place for an order determining the question.
Malgré les paragraphes (2) et (2.1), le montant total qu'un particulier peut déduire en application du présent article dans le calcul de son revenu pour une année d'imposition ne peut dépasser le total de la somme déterminée à son égard pour l'année suivant la formule figurant à l'alinéa (2)a) et de la somme déductible à son égard pour l'année en application du paragraphe (2.2). Résidence réputée
An application under paragraph 232(4)(c) shall be heard in camera, and on the application (a) the judge may, if the judge considers it necessary to determine the question, inspect the document and, if the judge does so, the judge shall ensure that it is repackaged and resealed; and (b) the judge shall decide the matter summarily and, (i) if the judge is of the opinion that the client has a solicitor-client privilege in respect of the document, shall order the release of the document to the lawyer, and (ii) if the judge is of the opinion that the client does not have a solicitor-client privilege in respect of the document, shall order (A) that the custodian deliver the document to the officer or some other person designated by the Commissioner of Revenue, in the case of a document that was seized and placed in custody under subsection 232(3), or (B) that the lawyer make the document available for inspection or examination by the officer or other person designated by the Commissioner of Revenue, in the case of a document that was retained under subsection 232(3.1), and the judge shall, at the same time, deliver concise reasons in which the judge shall identify the document without divulging the details thereof. Order to deliver or make available
Pour l'application des paragraphes (2) à (2.2), un particulier est réputé résider au Canada tout au long d'une année d’imposition donnée s’il y réside au cours de cette année et : a) soit tout au long de l’année d’imposition précédente; b) soit tout au long de l’année d’imposition suivante. Gain en capital non déclaré
Where a document has been seized and placed in custody under subsection 232(3) or where a document is being retained under subsection 232(3.1) and a judge, on the application of the Attorney General of Canada, is satisfied that neither the client nor the lawyer has made an application under paragraph 232(4)(a) or, having made that application, neither the client nor the lawyer has made an application under paragraph 232(4)(c), the judge shall order (a) that the custodian deliver the document to the officer or some other person designated by the Commissioner of Revenue, in the case of a document that was seized and placed in custody under subsection 232(3); or (b) that the lawyer make the document available for inspection or examination by the officer or other person designated by the Commissioner of Revenue, in the case of a document that was retained under subsection 232(3.1). Delivery by custodian (a) deliver the document to the lawyer (i) in accordance with a consent executed by the officer or by or on behalf of the Deputy Attorney General of Canada or the Commissioner of Revenue, or (ii) in accordance with an order of a judge under this section; or (b) deliver the document to the officer or some other person designated by the Commissioner of Revenue (i) in accordance with a consent executed by the lawyer or the client, or (ii) in accordance with an order of a judge under this section. Continuation by another judge
Malgré les paragraphes (2) à (2.2), aucune somme n’est déductible en vertu du présent article, dans le calcul du revenu imposable d’un particulier pour une année d’imposition donnée ou pour une année postérieure, au titre d’un gain en capital du particulier pour l’année donnée si les conditions ci-après sont réunies : a) le particulier, sciemment ou dans des circonstances équivalant à faute lourde : (i) soit ne produit pas de déclaration de revenu pour l’année donnée dans un délai de un an suivant la date d’échéance de production qui lui est applicable pour cette année, (ii) soit ne déclare pas le gain en capital dans sa déclaration de revenu pour l’année donnée; b) le ministre établit les faits qui justifient le rejet d’une déduction demandée aux termes du présent article. Déduction non permise
Where the judge to whom an application has been made under paragraph 232(4)(a) cannot for any reason act or continue to act in the application under paragraph 232(4)(c), the application under paragraph 232(4)(c) may be made to another judge.
Malgré les paragraphes (2) à (2.2), aucune somme n’est déductible en vertu du présent article, dans le calcul du revenu imposable d’un particulier pour une année d’imposition, au titre d’un gain en capital du particulier pour l’année si le gain provient d’une disposition de bien qui fait partie d’une série d’opérations ou d’événements : a) soit qui comprend un dividende reçu par une société et auquel le paragraphe 55(2) ne s’applique pas, mais auquel il s’appliquerait en l’absence de l’alinéa 55(3)b); b) soit dans le cadre de laquelle une société ou une société de personnes acquiert un bien moyennant une contrepartie inférieure à sa juste valeur marchande au moment de l’acquisition, sauf si l’acquisition résulte d’une fusion ou d’une unification de sociétés ou de la liquidation d’une société ou d’une société de personnes ou d’une distribution de biens faite à une fiducie en règlement de tout ou partie d’une participation d’une société au capital de la fiducie. Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
No costs may be awarded on the disposition of any application under this section.
Where any question arises as to the course to be followed in connection with anything done or being done under this section, other than subsection 232(2), 232(3) or 232(3.1), and there is no direction in this section with respect thereto, a judge may give such direction with regard thereto as, in the judge’s opinion, is most likely to carry out the object of this section of allowing solicitor-client privilege for proper purposes. Prohibition
[Repealed, 2014, c. 39, s. 30] Determination under para. 3(b) --- Impôt sur le revenu
The custodian shall not deliver a document to any person except in accordance with an order of a judge or a consent under this section or except to any officer or servant of the custodian for the purposes of safeguarding the document.
No officer shall inspect, examine or seize a document in the possession of a lawyer without giving the lawyer a reasonable opportunity of making a claim under this section.
Paiements forfaitaires
At any time while a document is in the custody of a custodian under this section, a judge may, on an ex parte application of the lawyer, authorize the lawyer to examine or make a copy of the document in the presence of the custodian or the judge by an order that shall contain such provisions as may be necessary to ensure that the document is repackaged and that the package is resealed without alteration or damage.
a) le particulier ne peut déduire aucun montant en vertu du présent article au titre d’un tel gain qu’il reçoit ou qui lui est attribué après le 21 novembre 1985; b) si le particulier est une fiducie, un tel gain que celle-ci reçoit ou qui lui est attribué après le 21 novembre 1985 ne peut être inclus dans le calcul de ses gains en capital imposables admissibles au sens du paragraphe 108(1).
Where a lawyer has, for the purpose of subsection 232(2), 232(3) or 232(3.1), made a claim that a named client of the lawyer has a solicitor-client privilege in respect of information or a document, the lawyer shall at the same time communicate to the Minister or some person duly authorized to act for the Minister the address of the client last known to the lawyer so that the Minister may endeavour to advise the client of the claim of privilege that has been made on the client’s behalf and may thereby afford the client an opportunity, if it is practicable within the time limited by this section, of waiving the claim of privilege before the matter is to be decided by a judge or other tribunal.
[Abrogé, 2014, c. 39, art. 30] Calcul selon l’al. 3b)
No person shall hinder, molest or interfere with any person doing anything that that person is authorized to do by or pursuant to this section or prevent or attempt to prevent any person doing any such thing and, notwithstanding any other Act or law, every person shall, unless the person is unable to do so, do everything the person is required to do by or pursuant to this section.
Pour l’application du présent article, le montant calculé selon l’alinéa 3b) à l’égard d’un particulier pour une période tout au long de laquelle le particulier ne résidait pas au Canada est nul. Précisions sur les actions admissibles de petite entreprise
Partnerships
Pour l’application de la définition de action admissible de petite entreprise au paragraphe (1): a) un contribuable est réputé disposer des actions qui sont des biens identiques dans l’ordre où il les a acquis; b) pour déterminer si une société est une société exploitant une petite entreprise ou une société privée sous contrôle canadien, à un moment donné, le droit visé à l’alinéa 251(5)b) ne comprend pas un droit prévu par convention d’achat-vente portant sur une action du capital-actions d’une société; c) une fiducie personnelle est réputée, à la fois : (i) être liée à une personne ou société de personnes pendant chaque période tout au long de laquelle cette personne ou société de personnes est bénéficiaire de la fiducie, (ii) en ce qui concerne les actions du capital-actions d’une société, être liée à la personne auprès de laquelle elle a acquis ces actions, au moment où la fiducie a disposé des actions, si, au moment donné, l’ensemble de ses bénéficiaires (sauf les organismes de bienfaisance enregistrés) étaient liés à cette personne ou l’auraient été si celle-ci avait été vivante à ce moment; d) une société de personnes est réputée liée à une personne pendant chaque période tout au long de laquelle Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
Every partnership shall, on written demand from the Minister served personally or otherwise, whether or not the partnership has filed an information return as required by this Act or the regulations, file with the Minister, within such reasonable time as is stipulated in the demand, an information return required under section 233.3, 233.4 or 233.6. Application to members of partnerships
Value of assets of corporations Impôt sur le revenu
For the purposes of this subsection and subsection 233(2), a person who is a member of a partnership that is a member of another partnership is deemed to be a member of the other partnership.
reportable transaction means (i) a reporting person for a taxation year who is not resident in Canada at any time in the year, or (ii) a reporting partnership for a fiscal period no member of which is resident in Canada in the period. a transaction or series of transactions that relate in any manner whatever to a business carried on in Canada by the reporting person or partnership in the year or period or a preceding taxation year or period; and (b) in any other case, a transaction or series of transactions that relate in any manner whatever to a business carried on by a reporting person (other than a business carried on by a reporting person as a member of a partnership) or partnership in a taxation year or fiscal period. (opération à déclarer) reporting partnership for a fiscal period means a partnership (a) a member of which is resident in Canada in the period; or reporting person for a taxation year means a person who, at any time in the year, (a) is resident in Canada; or (b) is non-resident and carries on a business (other than a business carried on as a member of a partnership) in Canada. (déclarant) transaction includes an arrangement or event. (opération) Reporting person’s information return
Paiements forfaitaires
Subject to subsection 233.1(4), a reporting person for a taxation year shall, on or before the reporting person’s filing-due date for the year, file with the Minister, in respect of each non-resident person with whom the reporting person does not deal at arm’s length in the year and each partnership of which such a non-resident person is a member, an information return for the year in prescribed form containing prescribed information in respect of the reportable transactions in which the reporting person and the non-resident person or the partnership, as the case may be, participated in the year. Reporting partnership’s information return
Subject to subsection 233.1(4), a reporting partnership for a fiscal period shall, on or before the day on or before which a return is required by section 229 of the Income Tax Regulations to be filed in respect of the period or would be required to be so filed if that section applied to the reporting partnership, file with the Minister, in respect of each non-resident person with whom the reporting partnership, or a member of the reporting partnership, does not deal at arm’s length in the period and each partnership of which such a non-resident person is a member, an information return for the period in prescribed form containing prescribed information in respect of the reportable transactions in which the reporting partnership and the non-resident person or the partnership, as the case may be, participated in the period.
d.1) l’associé d’une société de personnes qui est elle-même l’associé d’une autre société de personnes est réputé être l’associé de cette dernière; e) la société qui acquiert auprès d’une personne des actions d’une catégorie du capital-actions d’une autre société est réputée, quant à ces actions, liée à cette personne si la totalité, ou presque, de la contrepartie que cette personne reçoit de la société pour ces actions consiste en actions ordinaires du capital-actions de la société; f) les actions émises après le 13 juin 1988 par une société en faveur d’une personne ou société de personnes donnée sont réputées avoir été la propriété, immédiatement avant leur émission, d’une personne qui n’était pas liée à la personne ou société de personnes donnée, sauf si les actions ont été émises : (i) soit en contrepartie d’autres actions, (ii) soit dans le cadre d’une opération ou d’une série d’opérations dans laquelle la personne ou société de personnes donnée a disposé, en faveur de la société, de biens qui représentent : (A) soit la totalité, ou presque, des éléments d’actif utilisés dans une entreprise exploitée activement par cette personne ou par les associés de cette société de personnes, (B) soit une participation dans une société de personnes dont la totalité, ou presque, des éléments d’actif sont utilisés dans une entreprise exploitée activement par les associés de la société de personnes; (iii) soit en paiement d’un dividende en actions; g) l’action qui, immédiatement avant le décès d’un particulier ou, dans le cas d’un transfert réputé visé au paragraphe 248(23), immédiatement avant le moment qui est immédiatement avant le décès d’un particulier, aurait été une action admissible de petite entreprise n’eût été l’alinéa a) de la définition de cette expression au paragraphe (1) est réputée être une action admissible de petite entreprise du particulier si elle l’a été à un moment donné au cours de la période de douze mois précédant le décès du particulier. Valeur des éléments d’actif d’une société
A reporting person or partnership that, but for this subsection, would be required under subsection 233.1(2) or 233.1(3) to file an information return for a taxation year or fiscal period is not required to file the return unless the total of all amounts, each of which is the total fair market value of the property or services that relate to a reportable transaction in which the reporting person or partnership and any non-resident person with whom the reporting person or partnership, or a member of the reporting partnership, does not deal at arm’s length in the year or period, or a partnership of which such a non-resident person is a member, as the case may be, participated in the year or period, exceeds $1,000,000. Deemed member of partnership
Pour l’application des définitions de action admissible de petite entreprise et action du capital-actions Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
For the purposes of this section, a person who is a member of a partnership that is a member of another partnership is deemed to be a member of the other partnership.
Impôt sur le revenu
exempt trust means (a) a trust that is governed by a foreign retirement arrangement; (b) a trust that (i) is resident in a country under the laws of which an income tax is imposed, (ii) is exempt under the laws referred to in subparagraph (i) from the payment of income tax to the government of that country, (iii) is established principally in connection with, or the principal purpose of which is to administer or provide benefits under, one or more superannuation, pension or retirement funds or plans or any funds or plans established to provide employee benefits, and (iv) is either (B) governed by an employees profit sharing plan; or (c) a trust (i) where the interest of each beneficiary under the trust is described by reference to units, and Rule of application
In this section and paragraph 233.5(c.1), subsections 94(1), (2) and (10) to (13) apply, except that the reference to the expression “(other than restricted property)” in the definition arm’s length transfer in subsection 94(1) is to be read as a reference to the expression “(other than property to which paragraph 94(2)(g) applies but not including a unit of a mutual fund trust or a trust that would be a mutual fund trust if section 4801 of the Income Tax Regulations were read without reference to paragraph 4801(b), a share of the capital stock of a mutual fund corporation, or a particular share of the capital stock of a corporation (other than a closely held corporation) which particular share is identical to a share that is, at the transfer time, of a class that is listed on a designated stock exchange)”. Filing information on foreign trusts
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A person shall file an information return in prescribed form, in respect of a taxation year of a particular trust (other than an exempt trust or a trust described in any of paragraphs (c) to (h) of the definition exempt foreign trust in subsection 94(1)) with the Minister on or before the person’s filing-due date for the person’s taxation year in which the particular trust’s taxation year ends if (a) the particular trust is non-resident at a specified time in that taxation year of the particular trust; (b) the person is a contributor, a connected contributor or a resident contributor to the particular trust; and (c) the person (i) is resident in Canada at that specified time, and (A) a mutual fund corporation, (D) a trust described in any of paragraphs (a) to (e.1) of the definition trust in subsection 108(1), (F) a trust in which all persons beneficially interested are persons described in clauses (A) to (E), or (G) a contributor to the particular trust by reason only of being a contributor to another trust that is resident in Canada and is described in any of clauses (B) to (F). Similar arrangements (4.1) In this section and sections 162, 163 and 233.5, a person’s obligations under subsection (4) (except to the extent that they are waived in writing by the Minister) are to be determined as if a contributor described in paragraph (4)(b) were any person who had transferred or loaned property, an arrangement or entity were a non-resident trust throughout the calendar year that includes the time referred to in paragraph (a) and that calendar year were a taxation year of the arrangement or entity, if (a) the person at any time, directly or indirectly, transferred or loaned the property to be held (i) under the arrangement and the arrangement is governed by the laws of a country or a political subdivision of a country other than Canada or exists, was formed or organized, or was last continued under the laws of a country or a political subdivision of a country other than Canada, or (ii) by the entity and the entity is a non-resident entity (as defined by subsection 94.1(2)); (b) the transfer or loan is not an arm’s length transfer; (c) the transfer or loan is not solely in exchange for property that would be described in paragraphs (a) to (i) of the definition specified foreign property in subsection 233.3(1) if that definition were read without reference to paragraphs (j) to (q); (d) the arrangement or entity is not a trust in respect of which the person would, if this Act were read without reference to this subsection, be required to file an information return for a taxation year that includes that time; and (e) the arrangement or entity is, for a taxation year or fiscal period of the arrangement or entity that includes that time, not (i) an exempt foreign trust (as defined in subsection 94(1)), (ii) a foreign affiliate in respect of which the person is a reporting entity (within the meaning assigned by subsection 233.4(1)), or
d’une société agricole ou de pêche familiale au paragraphe (1), de la définition de action du capital-actions d’une société agricole ou de pêche familiale au paragraphe 70(10) et de la définition de société exploitant une petite entreprise au paragraphe 248(1), les règles ci-après s’appliquent : a) lorsque la personne (appelée « assuré » au présent paragraphe) dont la vie est assurée aux termes d’une police d’assurance qui est la propriété d’une société donnée est propriétaire d’actions données du capital-actions de la société donnée, d’une société rattachée à celle-ci ou d’une société rattachée à une telle société ou à laquelle une telle société est rattachée (au sens du paragraphe 186(4), selon l’hypothèse que l’une de ces sociétés est une société payante au sens de ce paragraphe) : (i) la juste valeur marchande de la police d’assurance-vie est réputée correspondre, à un moment antérieur au décès de l’assuré, à la valeur de rachat, au sens du paragraphe 148(9), de la police à ce moment, (ii) la juste valeur marchande des éléments d’actif — à l’exclusion des éléments d’actif visés à l’un des sous-alinéas c)(i) et (ii) de la définition de action admissible de petite entreprise au paragraphe (1), à l’un des sous-alinéas a)(i) à (iii) de la définition de action du capital-actions d’une société agricole ou de pêche familiale au paragraphe (1) ou à l’un des alinéas a) à c) de la définition de société exploitant une petite entreprise au paragraphe 248(1) — qui, à la fois : (A) constituent le produit de la police d’assurance-vie dont la société donnée est bénéficiaire, le droit de recevoir ce produit ou un montant attribuable à ce produit, (B) sont utilisés, directement ou indirectement, au cours de la période de 24 mois commençant au moment du décès de l’assuré ou au cours de toute période plus longue que le ministre estime raisonnable dans les circonstances après examen de la demande écrite à cet effet présentée par la société donnée au cours de la période de 24 mois, afin de racheter, d’acquérir ou d’annuler les actions données dont l’assuré était propriétaire immédiatement avant son décès, est réputée, jusqu’au dernier en date des jours suivants, ne pas dépasser la valeur de rachat, au sens Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
Where information returns in respect of a trust’s taxation year would, but for this subsection, be required to be filed under subsection 4 by a particular person and another person, and the particular person identifies the other person in an election filed in writing with the Minister, for the purposes of applying this Act to the particular person (a) the information return filed by the other person shall be treated as if it had been filed by the particular person; (b) the information required to be provided with the return by the particular person shall be deemed to be the information required to be provided by the other person with the return; (c) the day on or before which the return is required to be filed by the particular person is deemed to be the later of the day on or before which (i) the return would, but for this subsection, have been required to have been filed by the particular person, and (ii) the return is required to have been filed by the other person; and (d) each act and omission of the other person in respect of the return is deemed to be an act or omission of the particular person.
Personal trust Impôt sur le revenu
reporting entity for a taxation year or fiscal period means a specified Canadian entity for the year or period where, at any time (other than a time when the entity is non-resident) in the year or period, the total of all amounts each of which is the cost amount to the entity of a specified foreign property of the entity exceeds $100,000. (déclarant) (a) a taxpayer resident in Canada in the year that is not (i) a mutual fund corporation, (ii) a non-resident-owned investment corporation, (iii) a person (other than a trust) all of whose taxable income for the year is exempt from tax under Part I, (iv) a trust all of the taxable income of which for the year is exempt from tax under Part I, (vi) a trust described in any of paragraphs (a) to (e.1) of the definition trust in subsection 108(1), (viii) a trust in which all persons beneficially interested are persons described in subparagraphs (i) to (vii); and (b) a partnership where the total of all amounts, each of which is a share of the partnership’s income or loss for the period of a member that is a non-resident person or a taxpayer referred to in any of subparagraphs (a)(i) to (viii), is less than 90% of the income or loss of the partnership for the period, and, where the income and loss of the partnership are nil for the period, the income of the partnership for the period is deemed to be $1,000,000 for the purpose of this paragraph. (entité canadienne déterminée) specified foreign property of a person or partnership means any property of the person or the partnership that is (a) funds or intangible property, or for civil law incorporeal property, situated, deposited or held outside Canada, (b) tangible property, or for civil law corporeal property, situated outside Canada, (c) a share of the capital stock of a non-resident corporation, (e) an interest in a partnership that owns or holds specified foreign property, (f) an interest in, or right with respect to, an entity that is non-resident, (g) indebtedness owed by a non-resident person, (h) an interest in, or for civil law a right in, or a right — under a contract in equity or otherwise either immediately or in the future and either absolutely or contingently — to, any property (other than any property owned by a corporation or trust that is not the person) that is specified foreign property, and (i) property that, under the terms or conditions thereof or of any agreement relating thereto, is convertible into, is exchangeable for or confers a right to acquire, property that is specified foreign property, but does not include (j) property that is used or held exclusively in the course of carrying on an active business of the person or partnership (determined as if the person or partnership were a corporation resident in Canada), (k) a share of the capital stock or indebtedness of a non-resident corporation that is a foreign affiliate of the person or partnership for the purpose of section 233.4, (l) an interest in, or indebtedness of, a non-resident trust that is a foreign affiliate of the person or partnership for the purpose of section 233.4, (m) an interest in a non-resident trust that was not acquired for consideration by either the person or partnership or a person related to the person or partnership, (n) an interest in a trust that is described in paragraph (a) or (b) of the definition exempt trust in subsection 233.2(1), or that would be described in paragraph (b) of that definition if that paragraph were read as follows: (b) a trust that (i) is resident in Australia or New Zealand for income tax purposes under the laws of Australia or New Zealand, as the case may be, (ii) qualifies for a reduced rate of income tax under the income tax laws of its country of residence referred to in subparagraph (i), (iii) is established principally for the purpose of administering or providing benefits under a superannuation, pension or retirement fund or plan, and (iv) is maintained primarily for the benefit of individuals that are resident in Australia or New Zealand, as the case may be; or (o) an interest in a partnership that is a specified Canadian entity, (o.1) a right with respect to, or indebtedness of, an authorized foreign bank that is issued by, and payable or otherwise enforceable at, a branch in Canada of the bank, (p) personal-use property of the person or partnership, and Application to members of partnerships
For the purpose of this section, a person who is a member of a partnership that is a member of another partnership (a) is deemed to be a member of the other partnership; and (b) the person’s share of the income or loss of the other partnership is deemed to be equal to the amount of that income or loss to which the person is directly or indirectly entitled.
Paiements forfaitaires
A reporting entity for a taxation year or fiscal period shall file with the Minister for the year or period a return in prescribed form on or before the day that is (a) where the entity is a partnership, the day on or before which a return is required by section 229 of the Income Tax Regulations to be filed in respect of the fiscal period of the partnership or would be required to be so filed if that section applied to the partnership; and (b) where the entity is not a partnership, the entity’s filing-due date for the year. Reporting entity
du paragraphe 148(9), de la police immédiatement avant le décès de l’assuré : (C) le jour de ce rachat, de cette acquisition ou de cette annulation, (D) le soixantième jour suivant le paiement du produit dans le cadre de la police; b) la juste valeur marchande d’un élément d’actif d’une société donnée qui constitue une action du capital-actions ou une dette d’une autre société avec laquelle la société donnée est rattachée est réputée être nulle; pour l’application du présent alinéa, une société donnée n’est rattachée à une autre société que si les conditions suivantes sont réunies : (i) la société donnée est rattachée à l’autre société, au sens de l’alinéa d) de la définition de action admissible de petite entreprise au paragraphe (1), (ii) l’autre société n’est pas rattachée à la société donnée au sens du paragraphe 186(4), compte non tenu du paragraphe 186(2) et à supposer que l’autre société soit une société privée au sens du paragraphe 186(4), toutefois, le présent alinéa sert uniquement à déterminer si une action du capital-actions d’une autre société à laquelle la société donnée est rattachée est une action admissible de petite entreprise ou une action du capital-actions d’une société agricole ou de pêche familiale et si l’autre société est une société exploitant une petite entreprise. Fiducie personnelle
(a) a taxpayer resident in Canada (other than a taxpayer all of whose taxable income for the year is exempt from tax under Part I) of which a non-resident corporation is a foreign affiliate at any time in the year; (b) a taxpayer resident in Canada (other than a taxpayer all of whose taxable income for the year is exempt from tax under Part I) of which a non-resident trust is a foreign affiliate at any time in the year; and (c) a partnership (i) where the total of all amounts, each of which is a share of the partnership’s income or loss for the period of a member that is not resident in Canada or that is a taxpayer all of whose taxable income for the year in which the period ends is exempt from tax under Part I, is less than 90% of the income or loss of the partnership for the period, and, where the income and loss of the partnership are nil for the period, the income of the partnership for the period is deemed to be $1,000,000 for the purpose of determining a member’s share of the partnership’s income for the purpose of this subparagraph, and (ii) of which a non-resident corporation or trust is a foreign affiliate at any time in the fiscal period. Rules of application
La fiducie visée au paragraphe 7(2) est réputée être une fiducie personnelle pour l’application de la définition de action admissible de petite entreprise, au paragraphe (1), et de l’alinéa (14)c). Ordre des déductions
For the purpose of this section, in determining whether a non-resident corporation or trust is a foreign affiliate or a controlled foreign affiliate of a taxpayer resident in Canada or of a partnership (a) paragraph (b) of the definition equity percentage in subsection 95(4) shall be read as if the reference to “any corporation” were a reference to “any corporation other than a corporation resident in Canada”; (b) the definitions direct equity percentage and equity percentage in subsection 95(4) shall be read as if a partnership were a person; (c) the definitions controlled foreign affiliate and foreign affiliate in subsection 95(1) shall be read as if a partnership were a taxpayer resident in Canada; and (d) if the taxpayer is a member of one or more partnerships described in subparagraph (1)(c)(i) of which a non-resident corporation or trust is a foreign affiliate, and the taxpayer does not have any direct or indirect interest (determined without reference to subsection 93.1(1)) in the non-resident corporation or trust other than through its interest in the partnerships, then the non-resident corporation or trust is deemed not to be a foreign affiliate of the taxpayer. Application to members of partnerships
Pour l’application de la division (2)a)(iii)(A), les montants déduits en application du présent article dans le calcul du revenu imposable d’un particulier pour une année d’imposition qui s’est terminée avant 1990 sont réputés avoir été déduits au titre des montants inclus dans le calcul de son revenu en vertu de la présente partie pour l’année par l’effet du sous-alinéa 14(1)a)(v) avant d’avoir été déduits au titre d’autres montants ainsi inclus dans le calcul de son revenu pour l’année.
For the purpose of this section, a person who is a member of a partnership that is a member of another partnership (a) is deemed to be a member of the other partnership; and (b) the person’s share of the income or loss of the other partnership is deemed to be equal to the amount of that income or loss to which the person is directly or indirectly entitled. Returns respecting foreign affiliates
[Repealed, 1995, c. 3, s. 32] A - B where
A reporting entity for a taxation year or fiscal period shall file with the Minister for the year or period a return in prescribed form in respect of each foreign affiliate of the entity in the year or period within 10 months after the end of the year or period.
[Abrogé, 1995, ch. 3, art. 32] Choix concernant les biens appartenant à un contribuable le 22 février 1994
(a) there is a reasonable disclosure in the return of the inaccessibility of the information; (b) before that day, the person or partnership exercised due diligence in attempting to obtain the information; (c) if the return is required to be filed under section 233.2 in respect of a trust, at the time of each transaction, if any, entered into by the person or partnership after March 5, 1996 and before June 22, 2000 that gave rise to the requirement to file a return for a taxation year of the trust that ended before 2007 or that affects the information to be reported in the return, it was reasonable to expect that sufficient information would be available to the person or partnership to comply with section 233.2 in respect of each taxation year of the trust that ended before 2007; (c.1) if the return is required to be filed under section 233.2, at the time of each contribution (determined with reference to subsection 233.2(2)) made by the person or partnership after June 22, 2000 that gives rise to the requirement to file the return or that affects the information to be reported in the return, it was reasonable to expect that sufficient information would be available to the person or partnership to comply with section 233.2; (c.2) if the return is required to be filed under section 233.4 by a person or partnership in respect of a corporation that is a controlled foreign affiliate for the purpose of that section of the person or partnership, at the time of each transaction, if any, entered into by the person or partnership after March 5, 1996 that gives rise to the requirement to file the return or that affects the information to be reported in the return, it was reasonable to expect that sufficient information would be available to the person or partnership to comply with section 233.4; and (d) if the information subsequently becomes available to the person or partnership, it is filed with the Minister not more than 90 days after it becomes so available. Returns respecting distributions from non-resident trusts
Sous réserve du paragraphe (20), dans le cas où un particulier (sauf une fiducie) ou une fiducie personnelle (appelés chacun « auteur du choix » au présent paragraphe et aux paragraphes (20) à (29)) fait un choix, sur formulaire prescrit, pour que les dispositions du présent paragraphe s’appliquent à l’égard d’un bien ou entreprise suivants, les présomptions suivantes s’appliquent : a) s’il s’agit d’un immobilisation dont l’auteur du choix est propriétaire à la fin du 22 février 1994 (sauf une participation dans une fiducie visée à l’un des alinéas f) à j) de la définition de entité intermédiaire au paragraphe 39.1(1)), l’immobilisation est réputée, sauf pour l’application des articles 7 et 35 et du sous-alinéa 110(1)d.1)(ii) : (i) d’une part, avoir fait l’objet d’une disposition par l’auteur du choix à ce moment pour un produit de disposition égal au plus élevé des montants suivants : (A) le résultat du calcul suivant : A - B où : A représente le montant indiqué au titre de l’immobilisation dans le formulaire concernant le choix, B le montant qui serait inclus, en application des articles 7 ou 35, dans le calcul du revenu de l’auteur du choix par suite de la disposition, s’il s’agissait d’une disposition visée à ces articles, (B) le prix de base rajusté de l’immobilisation pour l’auteur du choix immédiatement avant la disposition, (ii) d’autre part, avoir été acquise de nouveau par l’auteur du choix immédiatement après ce moment à un coût égal à l’un des montants suivants : (A) dans le cas où l’immobilisation est une participation dans une entité intermédiaire, au sens du paragraphe 39.1(1), de l’auteur du choix, ou une action du capital-actions d’une telle entité, son coût pour l’auteur du choix immédiatement avant la disposition visée au sous-alinéa (i), Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
(a) where the entity is a partnership, the day on or before which a return is required by section 229 of the Income Tax Regulations to be filed in respect of the fiscal period of the partnership or would be required to be so filed if that section applied to the partnership; and (b) where the entity is not a partnership, the entity’s filing-due date for the year.
(I) the elector’s proceeds of disposition of the property determined under subparagraph 110.6(19)(a)(i), and A - B where A - 1.1B where Impôt sur le revenu
For the purpose of subsection 233.6(1), an excluded trust in respect of the taxation year or fiscal period of an entity means (a) a trust described in paragraph (a) or (b) of the definition exempt trust in subsection 233.2(1) throughout the portion of the year or period during which the trust was extant; (b) a trust in respect of which the entity is required, by section 233.2, to file a return for (b) a trust in respect of which the entity is required by section 233.2 to file a return in respect of each taxation year of the trust that ends in the entity's year; (c) a trust an interest in which is at any time in the year or period specified foreign property (as defined by subsection 233.3(1)) of the entity, where the entity is a reporting entity (as defined by subsection 233.3(1)) for the year or period; and (d) a trust in respect of which the entity is required by section 233.4 to file a return for the year or period. (NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.) 1997, c. 25, s. 68.
(NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.) 1997, c. 25, s. 69. Country-by-country report — definitions
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business entity means (a) a person (other than an individual that is not a trust or partnership); and (b) a business that is carried on through a permanent establishment, if a separate financial statement for the business is prepared for financial reporting, regulatory, tax reporting or internal management control purposes. (entité) consolidated financial statements means financial statements in which the assets, liabilities, income, expenses and cash flows of the members of a group are presented as those of a single economic entity. (états financiers consolidés) constituent entity, of an MNE group, means (a) any business entity of the MNE group that (i) is included in the consolidated financial statements of the MNE group for financial reporting purposes, or (ii) would be required to be included if equity interests in any of the business entities in the MNE group were traded on a public securities exchange and the equity interests were not owned, directly or indirectly, by one or more other business entities of the MNE group; and (b) any business entity that is excluded from the MNE group’s consolidated financial statements solely on size or materiality grounds. (entité constitutive) qualifying competent authority agreement means an agreement that (a) is between authorized representatives of jurisdictions that are parties to an international agreement; and (b) provides for the automatic exchange of country-by-country reports between the jurisdictions. (accord admissible) systemic failure, in respect of a jurisdiction, means that (a) the jurisdiction has suspended automatic exchange by the jurisdiction of country-by-country reports; or (b) the jurisdiction has persistently failed to automatically provide to Canada country-by-country reports in its possession that relate to MNE groups that have constituent entities in Canada. (défaillance systémique) group were traded on a public securities exchange; and (b) any business entity that is excluded from the MNE group’s consolidated financial statements solely because of size or materiality. (entité constitutive) excluded MNE group means two or more business entities that meet the conditions in paragraphs (a) and (b) of the definition MNE group, if, with respect to a particular fiscal year of the MNE group, it has a total consolidated group revenue of less than €750 million during the fiscal year immediately preceding the particular fiscal year, as reflected in its consolidated financial statements for the preceding fiscal year. (groupe d’entreprises multinationales exclu) fiscal year, of an MNE group, means an annual accounting period with respect to which the ultimate parent entity of the MNE group prepares its financial statements. (exercice) multinational enterprise group or MNE group means two or more business entities, if (a) they are either required to prepare consolidated financial statements for financial reporting purposes under applicable accounting principles or would be so required if equity interests in any of the business entities were traded on a public securities exchange; (b) one of the business entities is resident in a particular jurisdiction and (i) another business entity resides in a different jurisdiction, or (ii) is subject to tax in a different jurisdiction with respect to a business carried on by it through a business entity — described in paragraph (b) of the definition business entity — in that other jurisdiction; and permanent establishment has the meaning assigned by regulation. (établissement stable) qualifying competent authority agreement means an agreement that (a) is between authorized representatives of those jurisdictions that are parties to a listed international agreement; and (b) requires the automatic exchange of country-by-country reports between the party jurisdictions. (accord admissible) reporting fiscal year means a fiscal year, if the financial and operational results of the fiscal year are reflected in the country-by-country report. (exercice déclarable) surrogate parent entity means a constituent entity of an MNE group that has been appointed by the MNE group — in substitution for the ultimate parent entity — to file the country-by-country report on behalf of the MNE group, if one or more of the conditions in subparagraph (3)(b)(ii) applies. (entité mère de substitution) systemic failure means, with respect to a jurisdiction, that the jurisdiction has a qualifying competent authority agreement in effect with Canada, but (a) has suspended automatic exchange (for reasons other than those that are in accordance with the terms of the agreement); or (b) has persistently failed to automatically provide country-by-country reports in its possession — in respect of MNE groups that have constituent entities in Canada — to Canada. (défaillance systémique) ultimate parent entity means a constituent entity of an MNE group that meets the following conditions: (a) the constituent entity holds directly or indirectly a sufficient interest in one or more constituent entities of the MNE group so that it is required to prepare consolidated financial statements under accounting principles generally applied in its jurisdiction of residence, or would be so required if its equity interests were traded on a public securities exchange in its jurisdiction of residence; and
(B) dans le cas où un montant serait inclus, en application des articles 7 ou 35, dans le calcul du revenu de l’auteur du choix par suite de la disposition visée au sous-alinéa (i), s’il s’agissait d’une disposition visée à ces articles, le moins élevé des montants suivants : (I) le produit de disposition de l’immobilisation pour l’auteur du choix, déterminé selon le sous-alinéa (i), (II) le résultat du calcul suivant : A - B où : A représente l’excédent éventuel de la juste valeur marchande de l’immobilisation à ce moment sur le montant qui serait inclus, en application des articles 7 ou 35, dans le calcul du revenu de l’auteur du choix par suite de la disposition visée au sous-alinéa (i), s’il s’agissait d’une disposition visée à ces articles, B le montant qui serait calculé selon la formule figurant à la subdivision (C)(II) relativement à l’immobilisation si la division (C) s’appliquait à celle-ci, (C) dans les autres cas, le moins élevé des montants suivants : (I) le montant indiqué dans le formulaire concernant le choix, (II) l’excédent éventuel de la juste valeur marchande de l’immobilisation à ce moment sur le résultat du calcul suivant : A - 1,1B où : A représente le montant indiqué dans le formulaire concernant le choix, B la juste valeur marchande de l’immobilisation à ce moment; b) s’il s’agit d’une entreprise que l’auteur du choix exploitait le 22 février 1994 autrement qu’à titre d’associé d’une société de personnes : (i) est réputé être un gain en capital imposable de l’auteur du choix provenant de la disposition d’un bien quelconque pour l’année d’imposition au cours de laquelle se termine l’exercice de son entreprise qui comprend la fin de ce jour, le montant qui serait calculé quant à lui selon le sous-alinéa 14(1)a)(v) à ce moment si, à la fois : (A) il disposait, immédiatement avant ce moment, de l’ensemble des immobilisations admissibles dont il est propriétaire à ce moment dans le cadre de l’entreprise, pour un produit de disposition égal au montant indiqué dans le formulaire concernant le choix relativement à l’entreprise, (B) l’exercice de l’entreprise se terminait à ce moment, pour l’application du présent article, l’auteur du choix est réputé avoir disposé du bien quelconque à ce moment, (iii) pour l’application de l’alinéa 14(3)b), le montant du gain en capital imposable, déterminé selon le sous-alinéa (i), est réputé avoir été demandé par une personne qui a un lien de dépendance avec chacune des personnes ou des partenariats qui ont un lien de dépendance avec l’auteur du choix au titre d’une déduction en vertu du présent article, relativement à une disposition admissible en question; c) s’il s’agit d’une participation, dont l’auteur du choix était propriétaire à la fin du 22 février 1994, dans une fiducie visée à l’un des alinéas f) à j) de la définition de entité intermédiaire au paragraphe 39.1(1), l’auteur du choix est réputé avoir un gain en capital pour l’année provenant de la disposition d’un bien effectuée le 22 février 1994, égal au moindre des montants suivants : (i) le total des montants indiqués dans les formulaires concernant des choix faits par l’auteur du choix en application du présent paragraphe relativement aux participations dans la fiducie, (ii) si l’ensemble des immobilisations de la fiducie faisaient l’objet d’une disposition à la fin du 22 février 1994 pour un produit de disposition égal à leur juste valeur marchande à ce moment et si la partie des gains en capital et des pertes en capital de la fiducie, ou de ses gains en capital imposables nets, provenant des dispositions en question était raisonnable considérée comme représentant la part revenant à l’auteur du choix attribuable à ce dernier, 4/3 du montant qui représenterait l’augmentation du plafond annuel des gains de l’auteur du choix pour l’année d’imposition 1994 par suite de ces dispositions. Application of subsection (19) Impôt sur le revenu Application du paragraphe (19)
For the purposes of this section, if an ultimate parent entity is a partnership, it is deemed to be resident (a) if it is, under the laws of another jurisdiction, resident in that other jurisdiction for tax purposes, in that other jurisdiction; and (b) in any other case, in the jurisdiction under the laws of which it was organized.
Le paragraphe (19) ne s’applique au bien ou à l’entreprise de l’auteur du choix que dans les cas suivants : a) l’auteur du choix étant un particulier, sauf une fiducie : (i) soit l’application de ce paragraphe à l’ensemble des biens à l’égard desquels l’auteur du choix ou son époux ou conjoint de fait a fait le choix prévu à ce paragraphe et à l’ensemble des entreprises à l’égard desquelles l’auteur du choix a fait pareil choix : (A) d’une part, donne lieu à une augmentation du montant déductible en application du paragraphe (3) dans le calcul du revenu imposable de l’auteur du choix ou de son époux ou conjoint de fait, (B) d’autre part, pour chacune des années d’imposition 1994 et 1995 : (I) dans le cas où aucune partie du gain en capital imposable découlant d’un choix fait par l’auteur du choix n’est incluse dans le calcul du revenu de son époux ou conjoint de fait, ne donne pas lieu au dépassement du montant déterminé selon l’alinéa (3)a) relativement à l’auteur du choix pour l’année par le moins élevé des montants déterminés selon les alinéas (3)b) et c), (II) dans le cas où aucune partie du gain en capital imposable découlant d’un choix fait par l’auteur du choix n’est incluse dans le calcul du revenu, ne donne pas lieu au dépassement du montant déterminé selon l’alinéa (3)a) relativement à l’époux ou conjoint de fait de l’auteur du choix pour l’année par le moins élevé des montants déterminés selon les alinéas (3)b) et c), (ii) soit le montant indiqué relativement au bien dans le formulaire concernant le choix dépasse 11/10 de la juste valeur marchande du bien à la fin du 22 février 1994, (iii) soit le montant indiqué relativement à l’entreprise dans le formulaire concernant le choix est égal à 1 $ ou dépasse 11/10 de la juste valeur marchande, à la fin du 22 février 1994, de l’ensemble des immobilisations admissibles dont l’auteur du choix est alors propriétaire dans le cadre de l’entreprise; Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
A report in prescribed form (this report, along with each substantially similar report required to be filed in a jurisdiction other than Canada, collectively referred to in this section as a country-by-country report), in respect of a reporting fiscal year of an MNE group, shall be filed in prescribed manner with the Minister on or before the date specified in subsection (6) by (a) the ultimate parent entity of the MNE group, if it is resident in Canada in the reporting fiscal year; or (b) a constituent entity of the MNE group — which is not the ultimate parent entity of the MNE group — with respect to the reporting fiscal year of the MNE group, if the following conditions are satisfied: (i) the constituent entity is resident in Canada in the reporting fiscal year, and (ii) one of the following conditions applies: (A) the ultimate parent entity of the MNE group is not obligated to file a country-by-country report in its jurisdiction of residence, (B) the jurisdiction of residence of the ultimate parent entity of the MNE group does not have a qualifying competent authority agreement in effect to which Canada is a party on or before the time specified in subsection (6) for filing the country-by-country report for the reporting fiscal year, or (C) there has been a systemic failure of the jurisdiction of residence of the ultimate parent entity and the Minister has notified the constituent entity of the systemic failure. Designation for multiple constituent entities
If more than one constituent entity of an MNE group is described in paragraph (3)(b) in respect of a reporting fiscal year, one of those constituent entities may be designated — on or before the date specified in subsection (6) in respect of the reporting fiscal year — so that it is entitled to file a country-by-country report for the reporting fiscal year with the Minister on behalf of all such constituent entities in the MNE group.
where Impôt sur le revenu
Notwithstanding subsection (3), a constituent entity of an MNE group described in paragraph (3)(b) is not required to file a country-by-country report with the Minister with respect to a reporting fiscal year if (a) a surrogate parent entity of the MNE group files a country-by-country report in respect of the reporting fiscal year with the tax authority of its jurisdiction of residence on or before the date specified in subsection (6); and (ii) has a qualifying competent authority agreement in effect to which Canada is a party on or before the time specified in subsection (6) for filing the country-by-country report in respect of the reporting fiscal year, (iii) is not in a position of systemic failure, and (iv) has been notified by the surrogate parent entity that it is the surrogate parent entity. Time for filing
A country-by-country report in respect of a reporting fiscal year of an MNE group that is required to be filed by a constituent entity under this section shall be filed on or before the later of (a) if notification of systemic failure has been received by the constituent entity, 30 days after receipt of the notification, and (b) 12 months after the last day of the reporting fiscal year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2016, c. 12, s. 61. Ownership certificates
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b) l’auteur du choix étant une fiducie personnelle, l’application de ce paragraphe à l’ensemble des biens à l’égard desquels il a fait le choix prévu à ce paragraphe donne lieu à l’une des augmentations suivantes : (i) une augmentation du montant réputé par le paragraphe 104(21.2) être un gain en capital imposable d’un particulier (sauf une fiducie) qui était un bénéficiaire de la fiducie à la fin du 22 février 1994 et résidait au Canada pendant son année d’imposition au cours de laquelle se termine l’année d’imposition de la fiducie qui comprend ce jour, (ii) dans le cas où le paragraphe (12) s’applique à la fiducie pour son année d’imposition qui comprend ce jour, une augmentation du montant déductible en application de ce paragraphe dans le calcul du revenu imposable de la fiducie pour cette année. Effet du choix sur les immeubles non admissibles
An ownership certificate completed pursuant to subsection 234(1) shall be delivered in such manner, at such time and at such place as may be prescribed.
Dans le cas où l’auteur du choix est réputé par le paragraphe (19) avoir disposé d’un immeuble non admissible, les règles suivantes s’appliquent : a) le résultat du calcul suivant est à déduire dans le calcul du gain en capital imposable de l’auteur du choix provenant de la disposition : 0,75(A - B) où : A représente le gain en capital de l’auteur du choix provenant de la disposition, B le gain admissible sur immeuble de l’auteur du choix provenant de la disposition; b) les 4/3 du montant déterminé selon l’alinéa a) relativement à l’immeuble est à déduire dans le calcul, à un moment postérieur à la disposition, du coût en capital de l’immeuble pour l’auteur du choix, s’il s’agit d’un bien amortissable, ou du prix de base rajusté de l’immeuble pour lui, dans les autres cas (sauf dans le cas où l’immeuble était, à la fin du 22 février 1994, une participation dans une société de personnes ou une action du capital-actions d’une telle entité). Prix de base rajusté
The operation of this section may be extended by regulation to bearer coupons or warrants negotiated by or on behalf of non-resident persons. Penalty for failing to file corporate returns
Dans le cas où l’auteur du choix est réputé par l’alinéa (19)a) avoir acquis un bien de nouveau, l’excédent éventuel du montant visé à l’alinéa a) sur le montant visé à l’alinéa b) est à déduire du calcul du prix de base rajusté du bien pour lui à un moment postérieur à la nouvelle acquisition : A - 1.1B where exceeds (A - B) × C/D + E where "(B - A) × C/D - E" E 4/3 de l'excédent qui serait déterminé selon l'alinéa 3b) dans le calcul du revenu de l'auteur du choix pour l'année d'imposition au cours de laquelle cet exercice se termine si ses seuls gains en capital imposables et pertes en capital déductibles provenaient de la disposition de biens effectuée par la société de personnes avant le 23 février 1994; b) est à déduire dans le calcul le montant qui serait déterminé selon l'alinéa a) si la formule y figurant était remplacée par la formule suivante : « (B - A) × C/D - E » Présentation du choix
A is the total of (a) 0.0005% of the corporation’s taxable capital employed in Canada (within the meaning assigned in Part I.3) at the end of the taxation year, and (b) 0.25% of the tax that would be payable under Part VI by the corporation for the year if this Act were read without reference to subsection 190.1(3); and B is the number of complete months, not exceeding 40, from the day on or before which the return was required to be filed to the day on which the return is filed. Execution of documents by corporations
Le formulaire concernant le choix prévu au paragraphe (19) doit être présenté au ministre dans les délais suivants : a) l'auteur du choix étant un particulier, sauf une fiducie : (i) si le choix vise une entreprise de l'auteur du choix, au plus tard à la date d'échéance de production applicable au particulier pour l'année d'imposition au cours de laquelle se termine l'exercice de l'entreprise qui comprend le 22 février 1994, (ii) dans les autres cas, au plus tard à la date d'exigibilité du solde applicable au particulier pour l'année d'imposition 1994; b) l'auteur du choix étant une fiducie personnelle, au plus tard le 31 mars de l'année civile suivant celle au cours de laquelle se termine son année d'imposition qui comprend le 22 février 1994. Révocation du choix
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1970-71-72, c. 63, s. 1 "236".
Sous réserve du paragraphe (28), l'auteur du choix peut révoquer le choix fait en application du paragraphe (19) en présentant au ministre un avis écrit à cet effet avant 1998. Choix produit en retard
(a) on or before the first day of February of the year immediately following the year for which the return of income is filed, or (b) within 15 days after the individual is requested by the person to provide the individual’s Social Insurance Number, apply to the Canada Employment Insurance Commission in prescribed form and manner for the assignment to the individual of a Social Insurance Number unless the individual has previously been assigned, or made application to be assigned, a Social Insurance Number. (1.1) Every person and partnership shall provide their designated number (a) in any return filed under this Act; and (b) to another person or partnership at the request of the other person or partnership, if the other person or partnership is required to make an information return pursuant to this Act or the Regulations requiring the designated number. Designated number (1.2) For the purpose of subsection (1.1), designated number, of a person or partnership, means (a) in the case of an individual (other than a trust), their Social Insurance Number; (b) in the case of a trust, its trust account number; and (c) in any other case, the person’s or partnership’s business number.
S'il est présenté au ministre après le jour (appelé « date du choix » au présent paragraphe et aux paragraphes (27) et (29)) où il doit être produit selon le paragraphe (24), mais au plus tard deux ans suivant ce jour, le formulaire concernant le choix fait en application du paragraphe (19) est réputé, pour l'application du présent article, à l'exception du paragraphe (29), avoir été produit à la date du choix si un montant estimatif de la pénalité relative au choix est payé par l'auteur du choix au moment de la présentation du formulaire au ministre. Amount of penalty (A × B)/300 where Unpaid balance of penalty Reserve limit A − B where
For the purposes of this Act and the Regulations, a person or partnership required to make an information return requiring a business number, Social Insurance Number or trust account number of another person or partnership (a) shall make a reasonable effort to obtain the number from the other person or partnership; and
[Repealed, 2013, c. 40, s. 46] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 110.6; 1994, c. 7, Sch. II, s. 80, Sch. VIII, s. 47; c. 8, s. 13; c. 21, s. 55; 1995, c. 3, s. 22; 1996, c. 21, s. 21; 1998, c. 19, s. 80; 2000, c. 12, s. 142; c. 17, s. 46; 2006, c. 9, s. 86; 2012, c. 31, s. 240; c. 34, s. 240; c. 40, s. 46; 2014, c. 39, s. 30; 2015, c. 36, s. 7; 2016, c. 12, s. 39; 2023, c. 26, s. 24(F). Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments Sections 110.6-110.61 (d) at the disposition time, Impôt sur le revenu
(b) shall not knowingly use, communicate or allow to be communicated, otherwise than as required or authorized under this Act or a regulation, the number without the written consent of the other person or partnership.
A particular person may communicate, or allow to be communicated, a business number, Social Insurance Number or trust account number to another person related to the particular person where the other person is required, by this Act or the Regulations, to make an information return that requires the number.
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An insurance corporation may communicate, or allow to be communicated, to another person the business number, Social Insurance Number or trust account number of a particular person or partnership if (a) the other person became the holder of a share of the capital stock of the insurance corporation, or of a holding corporation (in this subsection having the meaning assigned by subsection 139.1(1)) in respect of the insurance corporation, on the share’s issuance in connection with the demutualization (as defined by subsection 139.1(1)) of the insurance corporation; (b) the other person became the holder of the share in the other person’s capacity as nominee or agent for the particular person or partnership pursuant to an arrangement established by the insurance corporation or a holding corporation in respect of the insurance corporation; and (c) the other person is required, by this Act or the Regulations, to make an information return, in respect of the disposition of the share or income from the share, that requires the number. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] gifting arrangement means any arrangement under which it may reasonably be considered, having regard to statements or representations made or proposed to be made in connection with the arrangement, that if a person were to enter into the arrangement, the person would (a) make a gift to a qualified donee, or a contribution referred to in subsection 127(4.1), of property acquired by the person under the arrangement; or (b) incur a limited-recourse debt, determined under subsection 143.2(6.1), that can reasonably be considered to relate to a gift to a qualified donee or a monetary contribution referred to in subsection 127(4.1); person includes a partnership; (personne) promoter in respect of a tax shelter means a person who in the course of a business (a) sells or issues, or promotes the sale, issuance or acquisition of, the tax shelter, (b) acts as an agent or adviser in respect of the sale or issuance, or the promotion of the sale, issuance or acquisition, of the tax shelter, or (c) accepts, whether as a principal or agent, consideration in respect of the tax shelter, and more than one person may be a tax shelter promoter in respect of the same tax shelter; (promoteur) tax shelter means (a) a gifting arrangement described by paragraph (b) of the definition gifting arrangement; and (b) a gifting arrangement described by paragraph (a) of the definition gifting arrangement, or a property (including any right to income) other than a flow-through share or a prescribed property, in respect of which it can reasonably be considered, having regard to statements or representations made or proposed to be made in connection with the gifting arrangement or the property, that, if a person were to enter into the gifting arrangement or acquire an interest in the property, at the end of a particular taxation year that ends within four years after the day on which the gifting arrangement is entered into or the interest is acquired, (i) the total of all amounts each of which is (A) an amount, or a loss in the case of a partnership interest, represented to be deductible in computing the person’s income for the particular year or any preceding taxation year in respect of the gifting arrangement or the interest in the property (including, if the property is a right to income, an amount or loss in respect of that right that is stated or represented to be so deductible), or (B) any other amount stated or represented to be deemed under this Act to be paid on account of the person’s tax payable, or to be deductible in computing the person’s income, taxable income or tax payable under this Act, for the particular year or any preceding taxation year in respect of the gifting arrangement or the interest in the property, other than an amount so stated or represented that is included in computing a loss described in clause (A), would equal or exceed (ii) the amount, if any, by which (A) the cost to the person of the property acquired under the gifting arrangement, or of the interest in the property at the end of the particular year, determined without reference to section 143.2, would exceed (B) the total of all amounts each of which is the amount of any prescribed benefit that is expected to be received or enjoyed, directly or indirectly, in respect of the property acquired under the gifting arrangement, or of the interest in the property, by the person or another person with whom the person does not deal at arm’s length.
Déduction pour gains en capital pour le transfert admissible d’entreprise — conditions
A promoter in respect of a tax shelter shall apply to the Minister in prescribed form for an identification number for the tax shelter unless an identification number therefor has previously been applied for. Identification
a) aucun particulier n’a, avant le moment de la disposition, demandé une déduction en application du présent article relativement à la disposition d’actions dont la valeur, au moment de cette disposition, découle d’une entreprise exploitée activement également pertinente pour la détermination de la satisfaction des conditions énoncées à l’alinéa a) de la définition de transfert admissible d’entreprise au paragraphe 248(1); b) au cours des vingt-quatre mois précédant immédiatement le moment de la disposition, (i) les actions concernées ne sont la propriété de nul autre que le particulier ou une personne ou une société de personnes qui lui est liée, (ii) plus de 50 % de la juste valeur marchande des actions concernées découle d’éléments d’actifs utilisés principalement dans une entreprise exploitée activement; c) immédiatement avant le moment de la disposition, (i) la société en cause et chaque société affiliée à la société en cause dans laquelle la société possède, directement ou indirectement, des actions, n’est pas une société professionnelle, (ii) la fiducie ne contrôle pas une société dont les employés sont bénéficiaires de la fiducie; d) au moment de la disposition, (i) le particulier est âgé d’au moins dix-huit ans, (ii) tout au long de toute période de vingt-quatre mois se terminant avant le moment de la disposition, le particulier ou son époux ou conjoint de fait prenait une part active de façon régulière et continue aux activités de l’entreprise pertinente pour déterminer si les actions concernées remplissent la condition énoncée à l’alinéa a) de la définition de transfert admissible d’entreprise au paragraphe 248(1), (iii) au moins 75 % des bénéficiaires de la fiducie résident au Canada; e) la fiducie, chaque société acheteuse appartenant à la fiducie, le particulier et tout autre particulier ayant droit à une déduction en vertu du paragraphe (2) relativement au transfert admissible d’entreprise : (i) font un choix conjoint d’appliquer la déduction prévue au paragraphe (2), sur le formulaire prescrit, relativement à la disposition des actions concernées, (ii) incluent les renseignements ci-après dans le choix : (A) un montant (appelé « somme convenue » au présent alinéa) égal au montant total des gains en capital dont les parties conviennent qu’il peut être admissible à une déduction en vertu du paragraphe (2) relativement au transfert admissible d’entreprise, n’excédant pas 10 000 000 $, (B) si plus d’un particulier a droit à une déduction relativement au transfert admissible d’entreprise, le pourcentage de la somme convenue qui est attribué à chaque particulier admissible (pourvu que le total des pourcentages attribués à tous les particuliers n’excède pas 100 %), (iii) produisent le choix auprès du ministre au plus tard à la date d’échéance de production de la fiducie pour l’année d’imposition qui comprend le moment de la disposition. Déduction pour gains en capital — transferts admissibles d’entreprise
On receipt of an application under subsection 237.1(2) for an identification number for a tax shelter, together with prescribed information and an undertaking satisfactory to the Minister that books and records in respect of the tax shelter will be kept and retained at a place in Canada that is satisfactory to the Minister, the Minister shall issue an identification number for the tax shelter. Sales prohibited
Si le présent paragraphe s’applique à un particulier, le particulier peut déduire, dans le calcul de son revenu imposable pour une année d’imposition, le montant qu’il peut demander sans excéder le moins élevé des montants suivants : a) le montant qui serait déterminé à l’égard du particulier pour l’année en vertu de l’alinéa 3b) (dans la mesure où cette somme n’est pas incluse dans le calcul d’une somme déterminée en vertu des alinéas 110.6(2)d) ou (2.1)d) pour le particulier) relativement aux gains en capital et aux pertes en capital si les seuls Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
A person may, at any time, whether as a principal or an agent, sell or issue, or accept consideration in respect of, a tax shelter only if (a) the Minister has issued before that time an identification number for the tax shelter; and (b) that time is during the calendar year designated by the Minister as being applicable to the identification number.
A × B × C − D where B is (iii) in any other case, nil, E + F where Impôt sur le revenu
Every promoter in respect of a tax shelter shall (a) make reasonable efforts to ensure that all persons who acquire or otherwise invest in the tax shelter are provided with the identification number issued by the Minister for the tax shelter; (b) prominently display on the upper right-hand corner of any statement of earnings prepared by or on behalf of the promoter in respect of the tax shelter the identification number issued for the tax shelter; and (c) on every written statement made after 1995 by the promoter that refers either directly or indirectly and either expressly or impliedly to the issuance by the Canada Revenue Agency of an identification number for the tax shelter, as well as on the copies of the portion of the information return to be forwarded pursuant to subsection 237.1(7.3), prominently display (i) where the statement or return is wholly or partly in English, the following: “The identification number issued for this tax shelter shall be included in any income tax return filed by the investor. Issuance of the identification number is for administrative purposes only and does not in any way confirm the entitlement of an investor to claim any tax benefits associated with the tax shelter.” (ii) where the statement or return is wholly or partly in French, the following: “The identification number issued for this tax shelter shall be included in any income tax return filed by the investor. Issuance of the identification number is for administrative purposes only and does not in any way confirm the entitlement of an investor to claim any tax benefits associated with the tax shelter.” (iii) where the statement includes neither English nor French, the following: "The identification number issued for this tax shelter shall be included in any income tax return filed by the investor. Issuance of the identification number is for administrative purposes only and does not in any way confirm the entitlement of an investor to claim any tax benefits associated with the tax shelter." Deductions and claims disallowed
No amount may be deducted or claimed by a person in respect of a tax shelter unless the person files with the Minister a prescribed form containing prescribed information, including the identification number for the tax shelter. Deductions and claims disallowed (6.1) No amount may be deducted or claimed by any person for any taxation year in respect of a tax shelter of the person where any person is liable to a penalty under subsection 237.1(7.4) or 162(9) in respect of the tax shelter or interest on the penalty and (a) the penalty or interest has not been paid; or (b) the penalty and interest have been paid, but an amount on account of the penalty or interest has been repaid under subsection 164(1.1) or applied under subsection 164(2). Assessments (6.2) Notwithstanding subsections 152(4) to 152(5), such assessments, determinations and redeterminations may be made as are necessary to give effect to subsection 237.1(6.1).
Paiements forfaitaires
Every promoter in respect of a tax shelter who accepts consideration in respect of the tax shelter or who acts as a principal or agent in respect of the tax shelter in a calendar year shall, in prescribed form and manner, file an information return for the year containing (a) the name, address and the business number, Social Insurance Number or trust account number of each person who so acquires or otherwise invests in the tax shelter in the year, "The identification number issued for this tax shelter shall be included in any income tax return filed by the investor. Issuance of the identification number is for administrative purposes only and does not in any way confirm the entitlement of an investor to claim any tax benefits associated with the tax shelter." (b) the amount paid by each of those persons in respect of the tax shelter, and (c) such other information as is required by the prescribed form unless an information return in respect of the tax shelter has previously been filed. (7.1) An information return required under subsection 237.1(7) to be filed in respect of the acquisition of an interest in a tax shelter in a calendar year shall be filed with the Minister on or before the last day of February of the following calendar year. Time for filing — special case (7.2) Notwithstanding subsection 237.1(7.1), where a person is required under subsection 237.1(7) to file an information return in respect of a business or activity and the person discontinues that business or activity, the return shall be filed on or before the earlier of (b) the day that is 30 days after the day of the discontinuance. (7.3) Every person required to file a return under subsection 237.1(7) shall, on or before the day on or before which the return is required to be filed with the Minister, forward to each person to whom the return relates 2 copies of the portion of the return relating to that person. (7.4) Every person who files false or misleading information with the Minister in respect of an application under subsection 237.1(2) or, whether as a principal or as an agent, sells, issues or accepts consideration in respect of a tax shelter before the Minister has issued an identification number for the tax shelter is liable to a penalty equal to the greater of (i) the total of all amounts each of which is the consideration received or receivable from a person in respect of the tax shelter before the correct information is filed with the Minister or the identification number is issued, as the case may be, and (ii) the total of all amounts each of which is an amount stated or represented to be the value of property that a particular person who acquires or otherwise invests in the tax shelter could donate to a qualified donee, if the tax shelter is a gifting arrangement and consideration has been received or is receivable from the particular person in respect of the tax shelter before the correct information is filed with the Minister or the identification number is issued, as the case may be. (7.5) Every person who is required under subsection (7) to file an information return and who fails to comply with a demand under section 233 to file the return, or to report in the return information required under paragraph (7)(a) or (b), is liable to a penalty equal to 25% of the greater of (a) the total of all amounts each of which is the consideration received or receivable by the person in respect of the tax shelter from a particular person in respect of whom information required under paragraph (7)(a) or (b) had not been reported at or before the time the demand was issued or the return was filed, as the case may be, and (b) if the tax shelter is a gifting arrangement, the total of all amounts each of which is an amount stated or represented to be the value of property that the particular person could donate to a qualified donee.
biens visés à l’alinéa 3b) étaient les actions concernées du particulier, b) un montant obtenu par la formule suivante : A × B × C − D où : A représente la somme convenue, au sens de la division (1)(e)(ii)(A), inclus dans le choix conjoint visé à l’alinéa (1)(e), B : (i) sauf si plus d’un particulier a droit à une déduction en vertu du présent paragraphe relativement au transfert admissible d’entreprise, 1, (ii) le pourcentage attribué au particulier dans le cadre du choix conjoint visé à l’alinéa (1)(e), si un pourcentage est attribué au particulier conformément à la division (1)(e)(ii)(B), (iii) dans les autres cas, zéro, C la partie du gain en capital du contribuable provenant de la disposition des actions visées et qui est un gain en capital imposable en vertu de l’alinéa 38a) qui s’applique aux actions concernées dans l’année, D la somme des produits de chaque montant réclamé par le contribuable en vertu du présent paragraphe au cours d’une année d’imposition antérieure relativement à la disposition des actions concernées multiplié par le montant obtenu par la formule suivante : E + F où : E représente la fraction d’un gain en capital qui est un gain en capital imposable en vertu de l’alinéa 38a) au cours de l’année courante, F la fraction d’un gain en capital qui représente un gain en capital imposable en vertu de l’alinéa 38a) au cours de l’année antérieure relativement à la disposition des actions concernées. Fait donnant lieu à une exclusion
Without restricting the generality of sections 231 to 231.3, where an application under subsection 237.1(2) with respect to a tax shelter has been made, notwithstanding that a return of income has not been filed by any taxpayer under section 150 for the taxation year of the taxpayer in which an amount is claimed as a deduction in respect of the tax shelter, sections 231 to 231.3 apply, with such modifications as the circumstances require, for the purpose of permitting the Minister to verify or ascertain any information in respect of the tax shelter.
Pour l’application du présent article, un fait donnant lieu à une exclusion relativement à un transfert admissible d’entreprise se produit au premier en date des moments suivants : a) le moment où la fiducie ayant participé au transfert admissible d’entreprise cesse d’être une fiducie collective des employés; b) le moment qui est le début de l’année d’imposition d’une entreprise admissible de la fiducie au cours de laquelle moins de 50 % de la juste valeur marchande des actions de l’entreprise admissible est attribuable aux éléments d’actif utilisés principalement dans une entreprise exploitée activement par une ou plusieurs entreprises admissibles contrôlées par la fiducie à la fois à ce moment et au début de l’année d’imposition précédente de l’entreprise admissible. Conséquences d’un fait donnant lieu à une exclusion
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1988, c. 55, s. 180.
Si un fait donnant lieu à une exclusion relativement à un transfert admissible d’entreprise se produit, selon le cas : a) dans les vingt-quatre mois suivant le moment de la disposition pour le transfert admissible d’entreprise, le paragraphe (2) est réputé ne s’être jamais appliqué relativement aux actions concernées ayant fait l’objet d’une disposition dans le cadre du transfert admissible d’entreprise; b) à un moment donné postérieur au vingt-quatrième mois suivant le moment de la disposition pour le transfert admissible d’entreprise, dans le calcul du revenu de la fiducie qui a participé au transfert admissible d’entreprise, la fiducie est réputée avoir un gain égal à la somme convenue (au sens de la division (1)e)(ii)(A)) inclus dans le choix conjoint visé à l’alinéa (1)e), pour l’année dans laquelle le fait donnant lieu à une exclusion se produit, à compter de la disposition d’une immobilisation. Anti-évitement
advisor, in respect of a transaction or series of transactions, means each person who provides, directly or indirectly in any manner whatever, any contractual protection in respect of the transaction or series, or any assistance or advice with respect to creating, developing, planning, organizing or implementing the transaction or series, to another person (including any person who enters into the transaction for the benefit of another person). (conseiller) avoidance transaction means a transaction if it may reasonably be considered that one of the main purposes of the transaction, or of a series of transactions of which the transaction is a part, is to obtain a tax benefit. (opération d’évitement) confidential protection, in respect of a transaction or series of transactions, means anything that prohibits the disclosure to any person or to the Minister of the details or structure of the transaction or series under which a tax benefit results, or would result but for section 245, but for greater certainty, the disclaiming or restricting of an advisor’s liability shall not be considered confidential protection if it does not prohibit the disclosure of the details or structure of the transaction or series. (droit à la confidentialité) contractual protection, in respect of a transaction or series of transactions, means (a) any form of insurance or other protection, including, without limiting the generality of the foregoing, an indemnity, compensation or a guarantee, that (i) either immediately or in the future and either absolutely or contingently, (A) protects a person against a failure of the transaction or series to achieve any tax benefit from the transaction or series, or (B) pays for or reimburses any expense, fee, tax, interest, penalty or similar amount that may be incurred by a person in the course of a dispute in respect of a tax benefit from the transaction or series, and (ii) is not (A) standard professional liability insurance, or (B) integral to an agreement between persons acting at arm’s length for the sale or transfer of all or part of a business (either directly or through the sale or transfer of one or more corporations, partnerships or trusts) where it is reasonable to consider that the insurance or protection (I) is intended to ensure that the purchase price paid under the agreement takes into account any liabilities of the business immediately prior to the sale or transfer, and (II) is obtained primarily for purposes other than to achieve any tax benefit from the transaction or series; and (b) any form of undertaking provided by a promoter, or by any person who does not deal at arm’s length with a promoter, that provides, either immediately or in the future and either absolutely or contingently, assistance, directly or indirectly in any manner whatever, to a person in the course of a dispute in respect of a tax benefit from the transaction or series. (protection contractuelle) fee, in respect of a transaction or series of transactions, means any consideration that is, or could be, received or receivable, directly or indirectly in any manner whatever, by an advisor or a promoter, or any person who does not deal at arm’s length with an advisor or promoter, for (a) providing advice or an opinion with respect to the transaction or series; (b) creating, developing, planning, organizing or implementing the transaction or series; (c) promoting or selling an arrangement, plan or scheme that includes, or relates to, the transaction or series; person includes a partnership. (personne) promoter, in respect of a transaction or series of transactions, means each person who (a) promotes or sells (whether as principal or agent and whether directly or indirectly) an arrangement, plan or scheme (referred to in this definition as an “arrangement”), if it may reasonably be considered that the arrangement includes or relates to the transaction or series; (b) makes a statement or representation (whether as principal or agent and whether directly or indirectly) that a tax benefit could result from an arrangement, if it may reasonably be considered that (i) the statement or representation was made in furtherance of the promoting or selling of the arrangement, and (ii) the arrangement includes or relates to the transaction or series; or (c) accepts (whether as principal or agent and whether directly or indirectly) consideration in respect of an arrangement referred to in paragraph (a) or (b). (promoter) reportable transaction, at any time, means an avoidance transaction that is entered into by or for the benefit of a person, and each transaction that is part of a series of transactions that includes the avoidance transaction, if at the time any of the following paragraphs applies in respect of the avoidance transaction or series: (a) an advisor or promoter, or any person who does not deal at arm’s length with the advisor or promoter, has or had an entitlement, either immediately or in the future and either absolutely or contingently, to a fee (other than a fee in relation to a prescribed form required to be filed under subsection 37(11)) that to any extent (i) is based on the amount of a tax benefit that results, or would result but for section 245, from the avoidance transaction or series, (ii) is contingent upon the obtaining of a tax benefit that results, or would result but for section 245, from the avoidance transaction or series, or may be refunded, recovered or reduced, in any manner whatever, based upon the failure of the person to obtain a tax benefit from the avoidance transaction or series, or (iii) is attributable to the number of persons (A) who participate in the avoidance transaction or series, or in a similar avoidance transaction or series, or (B) who have been provided access to advice or an opinion given by the advisor or promoter regarding the tax consequences from the avoidance transaction or series, or from a similar avoidance transaction or series; (b) an advisor or promoter in respect of the avoidance transaction or series, or any person who does not deal at arm’s length with the advisor or promoter, obtains or obtained confidential protection, and the prohibition on disclosure provided under the confidential protection provides confidentiality in respect of a tax treatment in relation to the avoidance transaction or series, (i) in the case of an advisor, from a person to whom the advisor has provided any assistance or advice with respect to the avoidance transaction or series under the terms of an engagement of the advisor by that person to provide such assistance or advice, or (ii) in the case of a promoter, from a person (A) to whom an arrangement, plan or scheme has been promoted or sold in the circumstances described in paragraph (a) of the definition promoter, (B) to whom a statement or representation described in paragraph (b) of the definition promoter has been made, or (C) from whom consideration described in paragraph (c) of the definition promoter has been received; or (c) either (i) the person (in this subparagraph referred to as the “particular person”), another person who entered into the avoidance transaction for the benefit of the particular person or any other person who does not deal at arm’s length with the particular person or with a person who entered into the avoidance transaction for the benefit of the particular person, has or had contractual protection in respect of the avoidance transaction or series, otherwise than as a result of a fee described in paragraph (a), or (ii) an advisor or promoter in respect of the avoidance transaction or series, or any person who does not deal at arm’s length with the advisor or promoter, has or had contractual protection in respect of the avoidance transaction or series, otherwise than as a result of a fee described in paragraph (a). tax benefit has the meaning assigned by subsection 245(1). (avantage fiscal) tax treatment, of a person, means a treatment in respect of a transaction, or series of transactions, that the person uses, or plans to use, in a return of income or an information return (or would use in a return of income or an information return if a return of income or an information return were filed) and includes the person’s decision not to include a particular amount in a return of income or an information return. (traitement fiscal) transaction has the meaning assigned by subsection 245(1). (opération)
Malgré toute autre disposition du présent article, le paragraphe (2) ne s’applique pas relativement à un transfert admissible d’entreprise s’il est raisonnable de considérer que l’un des objets d’une opération (au sens du paragraphe 245(1)), ou d’une série d’opérations, est le cas : a) de faire participer la fiducie (ou la société acheteuse) au transfert admissible d’entreprise afin de faciliter l’acquisition directe ou indirecte des actions concernées (ou de l’acquisition de la totalité ou de presque totalité des possibilités de subir des pertes ou de réaliser des gains relativement aux actions concernées) par une autre personne ou société de personnes (autre que la fiducie ou la société acheteuse) de manière à permettre à un particulier de demander une déduction en application du paragraphe (2) qui ne serait pas par ailleurs disponible; b) d’organiser ou de réorganiser une société en cause ou toute autre société, société de personnes ou fiducie d’une façon qui permet de demander une déduction en vertu du paragraphe (2) relativement à plus d’un transfert admissible d’entreprise d’une entreprise qui est pertinente pour déterminer si les actions concernées remplissent la condition énoncée à l’alinéa a) de la définition de transfert admissible d’entreprise au paragraphe 248(1). Gain en capital non déclaré
An information return in prescribed form and containing prescribed information in respect of a reportable transaction must be filed with the Minister by (a) every person for whom a tax benefit results, or for whom a tax benefit is expected to result based on the person’s tax treatment of the reportable transaction, from (i) the reportable transaction, (ii) any other reportable transaction that is part of a series of transactions that includes the reportable transaction, or (iii) a series of transactions that includes the reportable transaction; (b) every person who has entered into, for the benefit of a person described in paragraph (a), an avoidance transaction that is a reportable transaction; (c) every advisor or promoter in respect of the reportable transaction, or in respect of any other transaction that is part of a series of transactions that includes the reportable transaction, who is or was entitled, either immediately or in the future and either absolutely or contingently, to a fee in respect of any of those transactions that is (i) described in paragraph (a) of the definition reportable transaction in subsection (1), or (ii) in respect of contractual protection provided in circumstances described in paragraph (c) of the definition reportable transaction in subsection (1); and (d) every person who is not dealing at arm’s length with an advisor or promoter in respect of the reportable transaction and who is or was entitled, either immediately or in the future and either absolutely or contingently, to a fee that is referred to in paragraph (c). Clarification of reporting transactions in series
Malgré le paragraphe (2), aucune somme n’est déductible en vertu du présent article, dans le calcul du revenu imposable d’un particulier pour une année d’imposition donnée ou pour une année postérieure, à l’égard d’un gain en capital du particulier pour l’année donnée si les conditions ci-après sont réunies : a) le particulier, sciemment ou dans des circonstances équivalant à une faute lourde : (i) soit ne produit pas de déclaration de revenu pour l’année donnée dans un délai d’un an suivant la date d’échéance de production qui lui est applicable pour cette année, (ii) soit ne déclare pas le gain en capital dans sa déclaration de revenu pour l’année donnée; b) le ministre établit les faits qui justifient le rejet d’une déduction demandée aux termes du présent article. Déduction non permise
For greater certainty, and subject to subsection (11), if subsection (2) applies to a person in respect of each reportable transaction that is part of a series of transactions that includes an avoidance transaction, the filing of a prescribed form by the person that reports each transaction in the series is deemed to satisfy the obligation of the person under subsection (2) in respect of each transaction so reported. Clerical or secretarial services
Malgré le paragraphe (2), aucune somme n’est déductible en vertu du présent article, dans le calcul du revenu imposable d’un particulier pour une année d’imposition, au titre d’un gain en capital du particulier pour l’année si le gain provient d’une disposition de bien qui fait partie d’une série d’opérations ou d’événements : a) soit qui comprend un dividende reçu par une société et auquel le paragraphe 55(2) ne s’applique pas, mais auquel il s’appliquerait en l’absence de l’alinéa 55(3)b); b) soit dans le cadre de laquelle une société ou une société de personnes acquiert un bien pour une contrepartie bien inférieure à sa juste valeur marchande au moment de l’acquisition, sauf si l’acquisition résulte d’une fusion ou d’une unification de sociétés, de la liquidation d’une société ou d’une société de personnes ou d’une distribution de biens d’une fiducie en règlement de tout ou partie de l’intérêt d’une société au capital de la fiducie. Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
For greater certainty, subsection (2) does not apply to a person solely because the person provided clerical services or secretarial services with respect to a reportable transaction.
Impôt sur le revenu
An information return required under subsection (2) to be filed with the Minister for a reportable transaction must be filed by (a) a person described in paragraph (2)(a) or (b) on or before the particular day that is 90 days after the earliest of (i) the day on which the person becomes contractually obligated to enter into the reportable transaction, (ii) the day on which the person enters into the reportable transaction, and (iii) if the person is described in paragraph (2)(a) and a person described in paragraph (2)(b) enters into the reportable transaction for the benefit of the person described in paragraph (2)(a), the day on which the reportable transaction is entered into; and (b) a person described in paragraph (2)(c) or (d) no later than the earliest particular day described in paragraph (a) for a person described in paragraph (2)(a) or (b) in respect of the reportable transaction.
At any time, section 245 is to be read without reference to its subsection (4) in respect of any reportable transaction in respect of a person described in paragraph (2)(a) in relation to the reportable transaction if, at that time, (a) the obligation under subsection (2) of the person in respect of the reportable transaction, or any other reportable transaction that is part of a series of transactions that includes the reportable transaction, has not been satisfied; (b) a person is liable to a penalty under subsection (8) in respect of the reportable transaction or any other reportable transaction that is part of a series of transactions that includes the reportable transaction; and (c) the penalty under subsection (8) or interest on the penalty has not been paid, or has been paid but an amount on account of the penalty or interest has been repaid under subsection 164(1.1) or applied under subsection 164(2). Assessments
Paiements forfaitaires
Notwithstanding subsections 152(4) to (5), the Minister may make any assessments, determinations and redeterminations that are necessary to give effect to subsection (8).
fiducie, supérieure à sa quote-part du revenu de la société de personnes ou de la fiducie, selon le cas, le particulier ne peut déduire aucun montant en vertu du paragraphe (2) au titre d’un tel gain qu’il reçoit ou qui lui est attribué. Personnes liées, etc.
Every person who fails to file an information return in respect of a reportable transaction as required under subsection (2) on or before the day required under subsection (5) is liable to a penalty equal to (a) if the person is described in paragraph (2)(a) or (b), (i) if the person is a corporation and the carrying value of the corporation’s assets is greater than or equal to $50 million for its last taxation year that ends prior to the day on which the information return is required to be filed under subsection (5), $2,000 multiplied by the number of weeks during which the failure continues, to a maximum amount equal to the greater of (A) $100,000, and (B) 25% of the amount of the tax benefit in respect of the reportable transaction, and (ii) in any other case, $500 multiplied by the number of weeks during which the failure continues, to a maximum amount equal to the greater of (A) $25,000, and (B) 25% of the amount of the tax benefit in respect of the reportable transaction; and (b) if the person is described in paragraph (2)(c) or (d), the total of (i) the amount of the fees charged by that person in respect of the reportable transaction, (iii) $1,000 multiplied by the number of days during which the failure continues, up to a maximum of $100,000. (8.1) If a person described in both paragraphs (2)(b) and (d) is liable to a penalty under subsection (8) in respect of a reportable transaction, the amount of the penalty is deemed to be equal to the greater of the amounts determined under paragraphs (8)(a) and (b). (8.2) For the purpose of subparagraph (8)(a)(i), the carrying value of the assets of a corporation is to be determined in accordance with paragraphs 181(3)(a) and (b).
Pour l’application du présent article : a) un contribuable est réputé disposer des actions qui sont des biens identiques dans l’ordre où il les a acquises; b) une fiducie personnelle est réputée, à la fois : (i) être liée à une personne ou société de personnes pendant chaque période au cours de laquelle cette personne ou société de personnes est bénéficiaire de la fiducie, (ii) en ce qui concerne les actions du capital-actions d’une société, être liée à la personne de qui elle a acquis ces actions, au moment où la fiducie a disposé de ces actions, si tous les bénéficiaires (sauf les organismes de bienfaisance enregistrés) de la fiducie étaient liés à cette personne ou l’auraient été si celle-ci avait été vivante à ce moment; c) une société de personnes est réputée être liée à une personne pendant chaque période au cours de laquelle cette personne est un associé de la société de personnes; d) l’associé d’une société de personnes qui est elle-même l’associé d’une autre société de personnes est réputé être l’associé de cette dernière; e) la société qui acquiert auprès d’une personne des actions d’une catégorie du capital-actions d’une autre société est réputée, quant à ces actions, être liée à cette personne si la totalité, ou presque, de la contrepartie que cette personne reçoit de la société pour ces actions consiste en actions ordinaires du capital-actions de la société; f) les actions émises par une société en faveur d’une personne ou d’une société de personnes sont réputées avoir été la propriété, immédiatement avant leur émission, d’une personne qui n’était pas liée à la personne ou société de personnes donnée, sauf si les actions ont été émises : (i) soit en contrepartie d’autres actions, A × B where (b) the lesser of (ii) soit dans le cadre d’une opération ou d’une série d’opérations dans laquelle la personne ou la société de personnes donnée a disposé, en faveur de la société, de biens qui représentent : (A) soit la totalité, ou presque, des éléments d’actif utilisés dans une entreprise exploitée activement par cette personne ou par les associés de cette société de personnes, (B) soit une participation dans une société de personnes dont la totalité, ou presque, des éléments d’actif sont utilisés dans une entreprise exploitée activement par les associés de la société de personnes, (iii) soit en paiement d’un dividende en actions. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2024, ch. 17, art. 80. Habitants des régions visées par règlement
A person required to file an information return in respect of a reportable transaction is not liable for a penalty under subsection (8) if the person has exercised the degree of care, diligence and skill to prevent the failure to file that a reasonably prudent person would have exercised in comparable circumstances. Reporting not an admission
a) le total des sommes représentant chacune le montant, relativement à une période donnée au cours de l’année d’imposition, obtenu par la formule suivante : A × B où : A représente le pourcentage déterminé applicable à la région où le contribuable réside au cours de la période donnée, B le total des frais de voyage pour le contribuable relativement aux voyages qui commencent au cours de la période donnée; b) le moins élevé des montants suivants : (i) 20 % du revenu du contribuable pour l’année, (ii) le total des montants représentant chacun le produit de la multiplication du pourcentage déterminé applicable à la région pour l’année où le contribuable y réside par le total des montants suivants : Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
The filing of an information return under this section by a person in respect of a reportable transaction is not an admission by the person that (a) section 245 applies in respect of any transaction; or (b) any transaction is part of a series of transactions. (12.1) If subsection (2) does not apply to a taxpayer in respect of a transaction or series of transactions of which the transaction is a part, the taxpayer may file an information return in prescribed form and containing prescribed information in respect of the transaction or series on or before the taxpayer’s filing-due date for the taxation year in which the transaction occurs. (12.2) Despite subsection (12.1), a taxpayer may file the information return referred to in subsection (12.1) up to one year after the deadline referred to in that subsection, in which case (a) for the purpose of applying subparagraphs 152(4)(b)(viii) and (4.01)(b)(xi) to the transaction referred to in subsection (12.1), the reference to “3 years” in paragraph 152(4)(b) is to be read as “1 year”; and (b) for the purpose of applying subsection 245(5.1) to the transaction, the information return is deemed to have been filed within the time required by this section.
Without restricting the generality of sections 231 to 231.3, even if a return of income has not been filed by a taxpayer under section 150 for a taxation year of the taxpayer in which a transaction occurs that is relevant to the tax benefit referred to in paragraph (2)(a) that results (or is expected to result) from the reportable transaction, sections 231 to 231.3 apply, with such modifications as the circumstances require, for the purpose of permitting the Minister to verify or ascertain any information in respect of the reportable transaction. Tax shelters and flow-through shares
For the purpose of subsection 110.7(1), the specified percentage for a particular area for a taxation year is Impôt sur le revenu
For the purpose of this section, a reportable transaction does not include a transaction that is, or is part of a series of transactions that includes, (a) the acquisition of a tax shelter for which an information return has been filed with the Minister under subsection 237.1(7); or (b) the issuance of a flow-through share for which an information return has been filed with the Minister under subsection 66(12.68). Tax shelters and flow-through shares — penalty
Notwithstanding subsection (8), the amount of the penalty, if any, that applies on a person under that subsection in respect of a reportable transaction shall not exceed the amount determined by the formula A is the amount of the penalty imposed on the person under subsection (8), determined without reference to this subsection; and (a) if the reportable transaction is the acquisition of a tax shelter, the amount of the penalty, if any, that applies on the person under subsection 237.1(7.4) in respect of the tax shelter, (b) if the reportable transaction is the issuance of a flow-through share, the amount of the penalty, if any, that applies on the person under subsection 66(12.74) in respect of the issuance of the flow-through share, and (c) in any other case, nil. Anti-avoidance
Paiements forfaitaires
Subsection (14) does not apply to a reportable transaction if it is reasonable, having regard to all of the circumstances, to conclude that one of the main reasons for the acquisition of a tax shelter, or the issuance of a flow-through share, is to avoid the application of this section.
(A) le produit de 11,00 $ par le nombre de jours de l’année compris dans la période admissible où le contribuable réside dans la région, (B) le produit de 11,00 $ par le nombre de jours de l’année compris dans la partie de la période admissible tout au long de laquelle le contribuable tient et habite un établissement domestique autonome dans la région (sauf les jours déjà comptés dans le calcul de la déduction que demande, en application du présent alinéa, une autre personne qui habite alors cet établissement). Pourcentage déterminé
For greater certainty, this section does not require the disclosure of information if it is reasonable to believe that the information is subject to solicitor-client privilege.
Pour l’application du paragraphe (1), le pourcentage déterminé applicable à une région pour une année d’imposition s’établit comme suit : a) si la région est une zone nordique visée par règlement pour l’année, 100 %; b) si la région est une zone intermédiaire visée par règlement pour l’année, 50 %.
advisor, in respect of a notifiable transaction, means each person who provides, directly or indirectly in any manner whatever, any assistance or advice with respect to creating, developing, planning, organizing or implementing the notifiable transaction, to another person (including any person who enters into the notifiable transaction for the benefit of another person). (conseiller) fee, in respect of a notifiable transaction, has the same meaning as in subsection 237.3(1). (honoraires) notifiable transaction, at any time, means (a) a transaction that is the same as, or substantially similar to, a transaction that is designated at that time by the Minister under subsection (3); and (b) a transaction in a series of transactions that is the same as, or substantially similar to, a series of transactions that is designated at that time by the Minister under subsection (3). (opération à signaler) person includes a partnership. (personne) promoter, in respect of a notifiable transaction, has the same meaning as in subsection 237.3(1). (promoteur) tax benefit has the same meaning as in subsection 245(1). (avantage fiscal) tax treatment has the same meaning as in subsection 237.3(1). (traitement fiscal) transaction has the same meaning as in subsection 245(1). (opération) Interpretation — substantially similar
Le total des sommes calculées selon l’alinéa (1)a) à l’égard de tous les contribuables au cours d’une année d’imposition au titre d’un particulier ne peut se rapporter à plus de deux voyages effectués par le particulier commencés dans l’année, autres que des voyages effectués afin d’obtenir des services médicaux qui ne sont pas dispensés dans la localité où le contribuable réside. Autres restrictions (3.1) Pour l’application de l’alinéa (1)a), un montant de frais ne peut être inclus dans la valeur de l’élément B de la formule applicable à une région pour une année d’imposition que si les conditions ci-après se vérifient : a) le montant n’est pas par ailleurs déduit dans le calcul du revenu d’un particulier pour une année d’imposition (sauf par un employeur en application de l’article 9 s’il est inclus dans le revenu d’un employé); b) le montant n’est pas inclus dans le calcul de déduction en application du paragraphe 118.2(1) pour une année d’imposition; c) le montant est relatif aux voyages effectués par le contribuable, ou un membre de la famille admissible du contribuable, qui commencent pendant la partie de l’année au cours de laquelle le contribuable réside dans la région; Idem d) ni le contribuable, ni un membre de la famille admissible du contribuable n’a, à aucun moment, tiré un remboursement ou à une forme d’aide (sauf un remboursement ou une aide dont le montant est inclus dans le calcul du revenu du contribuable ou du membre de la famille admissible) relativement aux voyages auxquels l’alinéa c) s’applique. Autre restriction (3.2) Si tous les montants déterminés en application de l’alinéa 7304(2)a) du Règlement de l’impôt sur le revenu sont zéro, relativement à des voyages (commençant dans l’année d’imposition) effectués par un particulier, le total des montants déterminés pour l’élément B de la formule applicable à l’alinéa (1)a) au cours de l’année d’imposition pour tous les contribuables à l’égard du particulier ne peut pas dépasser le montant forfaitaire pour le particulier pour l’année. Montant forfaitaire réputé (3.3) Si un avantage relatif aux voyages tirés de l’emploi est demandé par un contribuable au titre d’un particulier pour l’année d’imposition, le montant forfaitaire pour le particulier est réputé être zéro pour l’année. Allocation pour pension et logement
For the purposes of the definition notifiable transaction in subsection (1), the term “substantially similar” (a) includes any transaction, or series of transactions, in respect of which a person is expected to obtain the same or similar types of tax consequences (as defined in subsection 245(1)) and that is either factually similar or based on the same or similar tax strategy; and (b) is to be interpreted broadly in favour of disclosure.
Le total déterminé selon le sous-alinéa (1)b)(ii) pour un contribuable pour une année d’imposition relativement à une région ne peut pas dépasser l’excédent du total déterminé par ailleurs selon ce sous-alinéa pour l’année relativement à la région sur la valeur de la pension et du logement du contribuable dans la région (ailleurs que sur un chantier visé à l’alinéa 67.1(2)e)), ou l’allocation pour les frais qu’il supporte à cet égard, qui, à la fois : a) sans le sous-alinéa 6(6)a)(i), serait incluse dans le calcul de son revenu pour l’année; b) peut raisonnablement être considérée comme attribuable à la partie de la période admissible comprise dans l’année et pendant laquelle il tient un établissement domestique autonome comme lieu principal de résidence dans une région qui n’est, pour l’année, ni une zone nordique prescrite ni une zone intermédiaire visée par règlement. Résidence unique
The Minister may designate for the purposes of this section, with the concurrence of the Minister of Finance, in such manner as the Minister considers appropriate, transactions or series of transactions.
Le particulier qui, un jour donné, réside dans plusieurs régions visées au paragraphe (1) est réputé, pour l’application de ce paragraphe, ne résider que dans une seule de ces régions ce jour-là. Definitions (a) the taxpayer’s spouse or common-law partner; (iii) except in the case of a parent or grandparent of the taxpayer, so dependent by reason of mental or physical infirmity. (member de la famille admissible) standard amount, for an individual for a taxation year and subject to subsection (3.3), means $1,200. (montant forfaitaire) R.S., 1985, c. 1 (5th Supp.), s. 110.7; 1994, c. 7, Sch. II, s. 82; Sch. VIII, s. 48; 1999, c. 22, s. 37; 2000, c. 28, s. 13; 2016, c. 7, s. 13; 2022, c. 5, s. 3. Losses deductible Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
An information return in prescribed form and containing prescribed information in respect of a notifiable transaction must be filed with the Minister by (a) every person for whom a tax benefit results, or for whom a tax benefit is expected to result based on the person’s tax treatment of the notifiable transaction, from (ii) any other notifiable transaction that is part of a series of transactions that includes the notifiable transaction, or (iii) a series of transactions that includes the notifiable transaction; (b) every person who has entered into, for the benefit of a person described in paragraph (a), the notifiable transaction; (c) every advisor or promoter in respect of the notifiable transaction; and (d) every person who is not dealing at arm’s length with an advisor or promoter described in paragraph (c) and who is or was entitled, either immediately or in the future and either absolutely or contingently, to a fee in respect of the notifiable transaction.
A + B where Net capital losses Farm losses exceeds Impôt sur le revenu
For the purpose of subsection (4), if any particular person that is an employer or a partnership is required to file an information return in respect of a notifiable transaction under paragraph (4)(c) or (d), the filing of an information return required under those paragraphs by the particular person in respect of the notifiable transaction in prescribed form and manner is deemed to have been made by each employee or partner of the particular person in respect of the particular transaction.
Paragraphs (4)(a) and (b) do not apply to a person in respect of a notifiable transaction if the person has exercised the degree of care, diligence and skill in determining whether the transaction is a notifiable transaction that a reasonably prudent person would have exercised in comparable circumstances. Reasonable expectation to know
Paiements forfaitaires
Paragraphs (4)(c) and (d) do not apply to a person in respect of a notifiable transaction unless the person knows or should reasonably be expected to know that the transaction was a notifiable transaction. Clerical or secretarial services
Pertes autres que des pertes en capital a) ses pertes autres que des pertes en capital subies au cours des 20 années d’imposition précédentes et des 3 années d’imposition suivantes; Dépenses d’intérêts et de financement restreintes a.1) ses dépenses d’intérêts et de financement restreintes pour les années d’imposition précédant l’année; toutefois, la somme déductible pour l’année à titre de dépenses d’intérêts et de financement restreintes ne peut excéder la somme obtenue par la formule suivante : A + B où : A représente le montant qui serait la capacité excédentaire du contribuable pour l’année si la valeur de l’élément C de l’alinéa b) de la formule figurant à la définition de capacité excédentaire au paragraphe 18.2(1) était nulle, B le total des montants (chacun représentant un montant de capacité reçue (au sens du paragraphe 18.2(1)) du contribuable pour l’année; Pertes en capital nettes b) les pertes en capital nettes que le contribuable subit pour les années d’imposition qui précèdent et pour les trois années d’imposition qui suivent l’année; Pertes agricoles restreintes c) ses pertes agricoles restreintes subies au cours des 20 années d’imposition précédentes et des 3 années d’imposition suivantes; toutefois, le montant déductible pour l’année à titre de pertes agricoles restreintes ne peut excéder le revenu tiré, pour l’année, des entreprises agricoles exploitées par le contribuable; Pertes agricoles d) ses pertes agricoles subies au cours des 20 années d’imposition précédentes et des 3 années d’imposition suivantes; Pertes comme commanditaire e) les pertes comme commanditaire subies dans une société de personnes par le contribuable pour les années d’imposition précédant l’année; toutefois, le montant déductible pour l’année au titre de pertes comme commanditaire ne l’est qu’à concurrence de l’excédent du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (C) the taxpayer’s share of Net capital losses (a) the lesser of A × B/C where la fraction à risques de l’intérêt du contribuable dans la société de personnes, au sens du paragraphe 96(2.2), à la fin du dernier exercice de la société de personnes se terminant au cours de l’année, (iii) le total des montants dont chacun représente : (A) la partie du montant déterminé à l’égard de la société de personnes que les paragraphes 127(8), 127.4(11), 127.45(8), 127.48(12) ou 127.49(8) prévoient d’ajouter au crédit d’impôt à l’investissement, au crédit d’impôt pour le CUSC (au sens du paragraphe 127.44(1)), au crédit d’impôt à l’investissement dans les technologies propres (au sens du paragraphe 127.45(1)), au crédit d’impôt pour l’hydrogène propre (au sens du paragraphe 127.48(1)) ou au crédit d’impôt à l’investissement pour la FTP (au sens du paragraphe 127.49(1)) du contribuable pour l’année, (B) la part dont le contribuable est tenu des pertes de la société de personnes résultant de l’exploitation d’un bien ou bien foncier pour l’exercice de l’année, (C) la part attribuable au contribuable des frais globaux relatifs à des ressources à l’étranger, des frais d’exploration au Canada, des frais d’aménagement au Canada et des frais à l’égard des biens canadiens relatifs au pétrole et au gaz, engagés par la société de personnes au cours de cet exercice. Pertes en capital nettes (1.1) Malgré l’alinéa (1)b), le montant qu’un contribuable peut déduire en application de cet alinéa dans le calcul de son revenu imposable pour une année d’imposition donnée correspond au total des montants suivants : a) le moins élevé des montants suivants : (i) l’excédent calculé selon l’alinéa 3b) à l’égard du contribuable pour l’année donnée, (ii) le total des montants dont chacun représente un montant calculé selon la formule suivante : A × B/C où : A représente le montant dont le contribuable a demandé la déduction pour l’année donnée selon l’alinéa (1)b) au titre d’une perte en capital (i) $2,000, exceeds Year of death Impôt sur le revenu
For greater certainty, subsection (4) does not apply to a person solely because the person provided clerical services or secretarial services with respect to the notifiable transaction.
An information return required under subsection (4) to be filed with the Minister for a notifiable transaction must be filed by (a) a person described in paragraph (4)(a) or (b) on or before the particular day that is 90 days after the earliest of (i) the day on which the person becomes contractually obligated to enter into the notifiable transaction, (ii) the day on which the person enters into the notifiable transaction, and (iii) if the person is described in paragraph (4)(a) and a person described in paragraph (4)(b) enters into the notifiable transaction for the benefit of the person described in paragraph (4)(a), the day on which the notifiable transaction is entered into; and (b) a person described in paragraph (4)(c) or (d) no later than the earliest particular day described in paragraph (a) for a person described in paragraph (4)(a) or (b) in respect of the notifiable transaction. Clarification of reporting transactions in series
Paiements forfaitaires
For greater certainty, if subsection (4) applies to a person in respect of each transaction that is part of a series of transactions that includes a notifiable transaction, the filing of the information return by the person that reports each transaction in the series is deemed to satisfy the obligation of the person under subsection (4) in respect of each transaction so reported. Assessments
nette pour une année d’imposition (appelée « année de la perte » au présent alinéa), B la fraction qui serait utilisée pour l’année donnée pour l’application de l’article 38 en ce qui concerne le contribuable s’il avait subi une perte en capital pour l’année donnée, C la fraction à utiliser pour l’application de l’article 38 en ce qui concerne le contribuable pour l’année de la perte; b) si le contribuable est un particulier, le moins élevé des montants suivants : (i) 2 000 $, (ii) le solde, pour l’année donnée, des pertes en capital subies par le contribuable avant 1986, (iii) l’excédent éventuel du montant visé à la division (A) sur le montant visé à la division (B) : (A) le montant dont le contribuable a demandé la déduction selon l’alinéa (1)b) pour l’année donnée au titre de ses pertes en capital nettes, (B) le total — déterminé au moyen de la formule visée au sous-alinéa a)(ii) — des montants au titre des pertes en capital nettes du contribuable dont celui-ci devrait demander la déduction pour l’année donnée selon l’alinéa (1)b) afin d’obtenir le montant calculé selon l’alinéa a) pour l’année donnée; c) la somme que le ministre estime raisonnable dans les circonstances pour l’année donnée compte tenu de l’application au contribuable des paragraphes 104(21.6), 130.1(4), 131(1) et 138.1(3.2), dans leur version applicable à la dernière année d’imposition du contribuable ayant commencé avant novembre 2011. Pertes en capital nettes en cas de décès
Notwithstanding subsections 152(4) to (5), the Minister may make any assessments, determinations and redeterminations that are necessary to give effect to subsection (12).
En cas de décès d’un contribuable, les règles suivantes s’appliquent au calcul du revenu imposable du contribuable pour l’année d’imposition au cours de laquelle il est décédé et pour l’année d’imposition précédente : a) l’alinéa (1)b) est remplacé par ce qui suit : « b) Les pertes en capital nettes pour les années d’imposition du contribuable n’a pas demandé la déduction pour le calcul de son revenu imposable pour une autre année d’imposition; » b) l’alinéa (1.1)b) est remplacé par ce qui suit : Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
Every person who fails to file an information return in respect of a notifiable transaction as required under subsection (4) on or before the particular day required under subsection (9) is liable to a penalty equal to (a) if the person is described in paragraph (4)(a) or (b), (i) if the person is a corporation and the carrying value of the corporation’s assets is greater than or equal to $50 million for its last taxation year that ends prior to the day on which the information return is required to be filed under subsection (4), $2,000 multiplied by the number of weeks during which the failure continues, to a maximum amount equal to the greater of (A) $100,000, and (B) 25% of the amount of the tax benefit in respect of the notifiable transaction, and (ii) in any other case, $500 multiplied by the number of weeks during which the failure continues, to a maximum amount equal to the greater of (A) $25,000, and (B) 25% of the amount of the tax benefit in respect of the notifiable transaction; and (b) if the person is described in paragraph (4)(c) or (d), the total of (i) the amount of the fees charged by that person in respect of the notifiable transaction, (iii) $1,000 multiplied by the number of days during which the failure continues, up to a maximum of $100,000.
Limitation on deductibility
If a person described in both paragraphs (4)(b) and (d) is liable to a penalty under subsection (12) in respect of a notifiable transaction, the amount of the penalty is deemed to be equal to the greater of the amounts determined under paragraphs (12)(a) and (b).
For the purposes of subsection (1), Impôt sur le revenu
For greater certainty, if any person is deemed to have filed an information return in prescribed form and manner in respect of a particular notifiable transaction under subsection (5), that person is not liable to a penalty under subsection (12) in respect of the particular transaction.
For the purpose of subparagraph (12)(a)(ii), the carrying value of the assets of a corporation is to be determined in accordance with paragraphs 181(3)(a) and (b).
Paiements forfaitaires
The filing of an information return under this section by a person in respect of a notifiable transaction is not an admission by the person that any transaction is part of a series of transactions.
« b) l’excédent éventuel : (i) du montant dont le contribuable a demandé la déduction au titre de ses pertes en capital nettes selon l’alinéa (1)b) pour l’année donnée, sur le total des montants suivants : (ii) l’ensemble — déterminé au moyen de la formule visée au sous-alinéa a)(ii) — des montants au titre de pertes en capital nettes du contribuable pour l’année donnée afin d’obtenir la déduction pour l’année donnée selon l’alinéa (1)b) afin d’obtenir le montant calculé selon l’alinéa a) pour l’année donnée, (iii) l’ensemble des montants dont chacun représente un montant que le contribuable a déduit en application de l’article 110.6 dans le calcul de son revenu imposable pour une année d’imposition, sauf dans la mesure où, l’année donnée étant l’année du décès du contribuable, l’excédent du montant calculé selon le sous-alinéa b)(i) à l’égard du contribuable pour l’année d’imposition immédiatement antérieure au montant ainsi déterminé selon le sous-alinéa (ii). » Restriction des déductions
Without restricting the generality of sections 231 to 231.3, even if a return of income has not been filed by a taxpayer under section 150 for a taxation year of the taxpayer in which a transaction occurs that is relevant to the tax benefit referred to in paragraph (4)(a) that results (or is expected to result) from a notifiable transaction, sections 231 to 231.3 apply, with such modifications as the circumstances require, for the purpose of permitting the Minister to verify or ascertain any information in respect of the notifiable transaction.
Pour l’application du paragraphe (1) : a) une somme au titre d’une perte autre qu’une perte en capital, d’une dépense d’intérêts et de financement restreinte, d’une perte agricole restreinte, d’une perte agricole ou d’une perte comme commanditaire pour une année d’imposition n’est déductible, et une somme au titre d’une perte en capital nette pour une année d’imposition ne peut être demandée, dans le calcul du revenu imposable d’un contribuable pour une année d’imposition donnée que dans la mesure où la somme dépasse le total des montants suivants : (i) les sommes déduites selon le présent article, au titre de cette perte autre qu’une perte en capital, de cette dépense d’intérêts et de financement restreinte, de cette perte agricole restreinte, perte agricole ou perte comme commanditaire, dans le calcul du revenu imposable (ou, dans le cas d’une dépense d’intérêts et de financement restreinte, dans le calcul d’une perte autre qu’une perte en capital) pour les années d’imposition antérieures à l’année donnée, (i.1) le montant demandé en déduction selon l’alinéa (1)b) au titre de cette perte en capital nette (ii) in the case of a net capital loss, the deductible net capital losses, pour les années d’imposition antérieures à l’année donnée, (ii) les sommes réclamées au titre de cette perte en vertu de l’alinéa 186(1)d) pour l’année au cours de laquelle la perte a été subie ou en vertu de l’alinéa 186(1)d) pour l’année d’imposition donnée et les années d’imposition antérieures à l’année d’imposition donnée, (iii) les sommes demandées relativement à cette perte comme commanditaire dans le calcul du revenu imposable pour les années d’imposition précédant l’année d’imposition donnée dans la mesure où le paragraphe 18.2(2) a refusé une déduction relativement à ces sommes pour l’année d’imposition précédente; b) aucune somme n’est déductible au titre d’une perte autre qu’une perte en capital, d’une dépense d’intérêts et de financement restreinte, d’une perte en capital nette, d’une perte agricole restreinte, d’une perte agricole ou d’une perte comme commanditaire pour une année d’imposition avant que (i) dans le cas d’une perte autre qu’une perte en capital, les pertes autres que les pertes en capital déductibles, (i.1) dans le cas d’une dépense d’intérêts et de financement restreinte, les dépenses d’intérêts et de financement restreintes, (ii) dans le cas d’une perte en capital nette, les pertes en capital nettes déductibles, (iii) dans le cas d’une perte agricole restreinte, les pertes agricoles restreintes déductibles, (iv) dans le cas d’une perte agricole, les pertes agricoles déductibles, (v) dans le cas d’une perte comme commanditaire, les pertes comme commanditaire déductibles, pour les années d’imposition antérieures n’aient été déduites. Fait lié à la restriction de pertes — pertes en capital
For greater certainty, this section does not require the disclosure of information if it is reasonable to believe that the information is subject to solicitor-client privilege. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2023, c. 26, s. 69.
Malgré le paragraphe (1), sous réserve du paragraphe (5.5), dans le cas où un contribuable est assujetti à un fait lié à la restriction de pertes à un moment donné, les règles ci-après s’appliquent : a) aucune somme au titre d’une perte en capital nette pour une année d’imposition si terminée avant ce moment n’est déductible dans le calcul du revenu imposable du contribuable pour une année d’imposition se terminant après ce moment; b) aucune somme au titre d’une perte en capital nette pour une année d’imposition se terminant après ce moment n’est déductible dans le calcul du revenu imposable du contribuable pour une année d’imposition s’étant terminée avant ce moment; c) l’excédent éventuel du prix de base rajusté pour le contribuable, immédiatement avant ce moment, de chaque immobilisation (sauf un bien amortissable) lui appartenant immédiatement avant ce moment sur la juste valeur marchande de l’immobilisation immédiatement avant ce moment est à déduire dans le calcul du prix de base rajusté de l’immobilisation pour le contribuable à ce moment et par la suite; d) cet excédent est réputé être une perte en capital du contribuable provenant de la disposition de l’immobilisation pour l’année d’imposition s’étant terminée immédiatement avant ce moment; e) si le contribuable désigne — dans sa déclaration de revenu produite en vertu de la présente partie pour l’année d’imposition s’étant terminée immédiatement avant ce moment ou sur le formulaire prescrit remis au ministre au plus tard le quatre-vingt-dixième jour suivant l’envoi au contribuable d’un avis de cotisation concernant l’impôt payable pour l’année ou d’un avis portant qu’aucun impôt n’est payable pour l’année — un bien qui était une immobilisation lui appartenant immédiatement avant ce moment (sauf un bien pour lequel une somme serait à déduire en application de l’alinéa c), en calcul de son prix de base rajusté pour le contribuable ou un bien amortissable d’une catégorie prescrite auquel le paragraphe (5.1) s’appliquerait en l’absence du présent alinéa), (i) le contribuable est réputé avoir disposé du bien immédiatement avant le moment qui est immédiatement avant le moment donné pour un produit de disposition égal à la moins élevée des sommes suivantes : (A) la juste valeur marchande du bien immédiatement avant le moment donné, (B) son prix de base rajusté pour le contribuable immédiatement avant la disposition ou, si elle est plus élevée, la somme qu’il a désignée relativement au bien, (ii) sous réserve du sous-alinéa (iii), le contribuable est réputé avoir acquis le bien de nouveau au moment donné à un coût égal à ce produit de disposition, (iii) si le bien est un bien amortissable du contribuable dont le coût en capital, pour lui, immédiatement avant la disposition excède ce produit de disposition, pour l’application des articles 13 et 20 et des dispositions réglementaires prises pour l’application de l’alinéa 20(1)a) : (A) le coût en capital du bien pour le contribuable au moment donné est réputé être le montant qui correspondait à son coût en capital immédiatement avant la disposition, (B) l’excédent du coût en capital est réputé avoir été autorisée relativement au bien selon les dispositions réglementaires prises pour l’application de l’alinéa 20(1)a) dans le calcul de son revenu pour les années d’imposition se terminant avant le moment donné; f) pour l’application de la définition de compte de dividendes en capital au paragraphe 89(1), toute somme qui constitue, par l’effet des alinéas d) ou e), une perte en capital ou un gain en capital du contribuable provenant de la disposition d’un bien pour l’année d’imposition s’étant terminée immédiatement avant le moment donné est réputée être une perte en capital ou un gain en capital, selon le cas, du contribuable provenant de la disposition du bien immédiatement avant le moment où le contribuable serait réputé, en vertu de l’alinéa e), avoir disposé d’une immobilisation à laquelle cet alinéa serait applicable. Fait lié à la restriction de pertes — certaines pertes et certaines dépenses
person includes a partnership. (personne) relevant financial statements of a corporation for a taxation year, means audited financial statements that are prepared (i) the corporation, or (ii) a group, of which the corporation is a member, of two or more persons required to prepare consolidated financial statements for financial reporting purposes under applicable accounting principles; (b) in accordance with (i) International Financial Reporting Standards, or (ii) other country-specific generally accepted accounting principles (such as U.S. generally accepted accounting principles) relevant for corporations that are listed on a stock exchange outside Canada; reportable uncertain tax treatment, of a corporation for a taxation year, means a tax treatment of the corporation in respect of which uncertainty is reflected in relevant financial statements of the corporation for the year. (traitement fiscal incertain à déclarer) reporting corporation, for a taxation year, means a corporation if (a) the corporation has relevant financial statements for the year; (b) the carrying value of the corporation’s assets is greater than or equal to $50 million at the end of the year; and tax treatment, of a corporation, means a treatment in respect of a transaction, or series of transactions, that the corporation uses, or plans to use, in a return of income or an information return (or would use in a return of income or an information return if a return of income or an information return were filed) and includes the corporation’s decision not to include a particular amount in a return of income or an information return. (traitement fiscal) transaction has the same meaning as in subsection 245(1). (opération)
Si à un moment donné un contribuable est assujetti à un fait lié à la restriction de pertes : (a) aucune somme au titre d’une perte autre qu’une perte en capital, d’une dépense d’intérêts et de financement restreinte ou d’une perte agricole pour une année d’imposition se terminant avant ce moment n’est déductible par le contribuable pour une année d’imposition se terminant après ce moment; toutefois, la partie de la perte autre qu’une perte en capital, de la dépense d’intérêts et de financement restreinte ou de la perte agricole, selon le cas, du contribuable pour une année d’imposition se terminant avant ce moment qu’il est raisonnable de considérer comme étant la perte du contribuable provenant de l’exploitation d’une entreprise ou la dépense engagée ou la perte subie par le contribuable dans le cadre de l’exploitation d’une entreprise, selon le cas, et si le contribuable exploitait une entreprise au cours de cette année, la partie de la perte autre qu’en perte en capital qu’il est raisonnable de considérer comme se rapportant à une somme déductible en application de l’alinéa 110(1)(k) dans le calcul de son revenu imposable pour l’année, ne sont déductibles par le contribuable pour une année d’imposition donnée se terminant après ce moment : (i) que si le contribuable a exploité cette entreprise à profit ou dans une attente raisonnable de profit tout au long de l’année donnée, et (ii) concurrence du total du revenu du contribuable pour l’année donnée provenant : (A) de cette entreprise, (B) si des biens ont été vendus, loués ou mis en valeur, ou des services rendus, dans le cadre de l’exploitation de cette entreprise avant ce moment, de toute autre entreprise dont la presque totalité du revenu est dérivée de la vente, de la location ou de la mise en valeur, selon le cas, de biens semblables ou de la prestation de services semblables; b) aucune somme au titre d’une perte autre qu’une perte en capital ou d’une perte agricole pour une année d’imposition se terminant après ce moment n’est déductible par le contribuable pour une année d’imposition s’étant terminée avant ce moment; toutefois, la partie de la perte autre qu’une perte en capital ou de la perte agricole, selon le cas, du contribuable pour une année d’imposition se terminant après ce moment qu’il est raisonnable de considérer comme provenant de l’exploitation d’une entreprise et, si le contribuable exploitait une entreprise au cours de cette année, la partie de la perte autre qu’une perte en capital qu’il est raisonnable de considérer comme se rapportant à une somme déductible en application de l’alinéa 110(1)(k) dans le calcul de son revenu imposable pour l’année, ne sont déductibles par le contribuable pour une année d’imposition donnée s’étant terminée avant ce moment : (i) que si le contribuable a exploité cette entreprise à profit ou dans une attente raisonnable de profit tout au long de l’année d’imposition et au cours de l’année donnée, (ii) concurrence du revenu du contribuable pour l’année donnée provenant : (A) de cette entreprise, Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
Every reporting corporation for a taxation year that has one or more reportable uncertain tax treatments for the year must file with the Minister an information return in prescribed form and containing prescribed information in respect of each reportable uncertain tax treatment of the corporation for the year.
(5.2) [Repealed, 2016, c. 12, s. 40] Impôt sur le revenu
An information return required under subsection (2) to be filed by a corporation for a taxation year must be filed with the Minister on or before the corporation’s filing-due date for the year. Assessments
Notwithstanding subsections 152(4) to (5), the Minister may make any assessments, determinations and redeterminations that are necessary to give effect to subsection (5).
Paiements forfaitaires
Every corporation that fails to report a reportable uncertain tax treatment on an information return as required under subsection (2) on or before the day required under subsection (3) is liable to a penalty, for each such failure to report, equal to $2,000 multiplied by the number of weeks during which the failure continues, up to a maximum of $100,000.
Fait lié à la restriction de pertes – capacité excédentaire cumulative inutilisée (5.01) Si un contribuable donné est assujetti à un fait lié à la restriction de pertes à un moment donné, la capacité excédentaire cumulative inutilisée de tout contribuable pour toute année d’imposition qui se termine après ce moment est déterminée compte non tenu de toute capacité absorbée, excédentaire ou transférée du contribuable donné pour une année d’imposition qui s’est terminée avant ce moment. Fait lié à la restriction de pertes – calcul de la FNACC (5.1) Sous réserve du paragraphe (5.5), dans le cas où un contribuable est assujetti à un fait lié à la restriction de pertes à un moment donné et que la présente loi était lue abstraction faite du paragraphe 13(24), le coût en capital non amorti pour le contribuable des biens amortissables d’une catégorie prescrite immédiatement avant ce moment aurait excédé le total des sommes ci-après si la présente loi s’appliquait compte non tenu du paragraphe 13(24) : a) la juste valeur marchande de tous les biens de cette catégorie immédiatement avant ce moment, b) la somme relative aux biens de cette catégorie dont la déduction est autorisée par ailleurs par les dispositions réglementaires prises en application de l’alinéa 20(1)a) ou qui est déductible en application du paragraphe 20(16) dans le calcul du revenu du contribuable pour l’année d’imposition s’étant terminée immédiatement avant ce moment, l’excédent est à déduire dans le calcul du revenu du contribuable pour l’année d’imposition s’étant terminée immédiatement avant ce moment et est réputé être une déduction autorisée à l’égard des biens de cette catégorie pris en application des dispositions réglementaires prises en application de l’alinéa 20(1)a). (5.2) [Abrogé, 2016, ch. 12, art. 40] Fait lié à la restriction de pertes – créances douteuses ou irrécouvrables (5.3) Sous réserve du paragraphe (5.5), si un contribuable est assujetti à un fait lié à la restriction de pertes à un moment donné, les règles ci-après s’appliquent : a) aucune somme n’est déductible en application de l’alinéa 20(1)p) dans le calcul du revenu du contribuable pour l’année d’imposition s’étant terminée immédiatement avant ce moment; b) en ce qui a trait à chaque créance du contribuable immédiatement avant ce moment : (i) la somme maximale qui, en l’absence du présent paragraphe, du paragraphe 26(2) de la présente loi ou du paragraphe 33(1) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, aurait été déductible en application de l’alinéa 20(1)p) : (A) d’une part, est réputée être une créance distincte, (B) d’autre part, est à déduire, malgré les autres dispositions de la présente loi, à titre de créance irrécouvrable en application de l’alinéa 20(1)p) dans le calcul du revenu du contribuable pour son année d’imposition s’étant terminée immédiatement avant ce moment, (ii) l’excédent du montant de la créance sur le montant de cette créance distincte réputée être une créance distincte née au même moment et dans les mêmes circonstances que la créance. Perte autre qu’une perte en capital (5.4) Lorsque, à un moment donné, le contrôle d’une société a été acquis par une ou plusieurs personnes, la partie de la perte autre qu’une perte en capital de la société pour une année d’imposition se terminant avant ce moment, dans la mesure où : a) d’une part, elle n’était pas déductible dans le calcul du revenu de la société pour une année d’imposition se terminant avant ce moment, b) d’autre part, il est raisonnable de la considérer comme étant une perte autre qu’une perte en capital d’une filiale (appelée « l’ancienne filiale » au présent paragraphe) résultant de l’exploitation d’une entreprise donnée (appelée « l’entreprise déficitaire de l’ancienne filiale » au présent paragraphe) et qui était réputée, en vertu du paragraphe 88(1.1) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, dans sa version applicable le 12 novembre 1981, être la perte autre qu’une perte en capital de la société pour l’année d’imposition de la société pendant laquelle l’année au cours de laquelle a été subie la perte de l’ancienne filiale s’est terminée, (ii) if that provision is paragraph (4)(d), paragraph (4)(c). Limitation Idem (7.1) to (7.2) [Repealed, 2013, c. 34, s. 241] Fait lié à la restriction de pertes — règles spéciales (5.5) Si un contribuable est assujetti à un fait lié à la restriction de pertes à un moment donné, les règles ci-après s’appliquent : a) les alinéas (4)c) à f) et les paragraphes (5.1) à (5.3) ne s’appliquent pas au contribuable relativement au fait lié à la restriction de pertes si, à ce moment, il devient exonéré de l’impôt payable en vertu de la présente partie sur son revenu imposable ou cesse de l’être; b) s’il est raisonnable de considérer que la principale raison pour laquelle le contribuable est assujetti au fait lié à la restriction de pertes consiste à entraîner l’alinéa (4)d) ou l’un des paragraphes (5.1) à (5.3) applicables au fait, les dispositions ci-après ne s’appliquent pas relativement à ce fait : (i) la disposition en cause et l’alinéa (4)e), (ii) si la disposition en cause est l’alinéa (4)d), l’alinéa (4)c).
A corporation required to file an information return in respect of a reportable uncertain tax treatment is not liable for a penalty under subsection (5) if the corporation has exercised the degree of care, diligence and skill to prevent the failure to file that a reasonably prudent person would have exercised in comparable circumstances.
Pour l’application du présent article et de l’alinéa 53(1)j), toute perte subie par un contribuable pour une année d’imposition et découlant d’une entreprise agricole est réputée, après que le contribuable a disposé de la terre utilisée dans cette entreprise agricole et dans la mesure où cette perte doit, en vertu de l’alinéa 53(1)j), être ajoutée dans le calcul du prix de base rajusté du fonds de terre du contribuable, immédiatement avant la disposition, ne pas être une perte. Idem
The filing of an information return in respect of a reportable uncertain tax treatment as required under subsection (2) by a corporation is not an admission by the corporation that (a) the tax treatment is not in accordance with this Act or the regulations; or
Pour l’application du présent article, toute perte subie par un contribuable pour une année d’imposition et résultant de l’exploitation d’une entreprise agricole est réputée, dans la mesure où cette perte est incluse dans le montant de toute déduction permise en vertu de l’article 101, dans le calcul de son revenu pour toute année d’imposition suivante, ne pas être une perte pour le contribuable pour le calcul de son revenu imposable pour cette année suivante ou toute année d’imposition subséquente à celle-ci. (7.1) à (7.2) [Abrogés, 2013, ch. 34, art. 241] Definitions
General (b) any transaction is part of a series of transactions.
In this section, A - C where --- Pertes autres qu’en capital d’une fiducie de soins de santé au bénéfice d’employés (7.3) L’alinéa (1)a) ne s’applique pas au calcul du revenu imposable pour une année d’imposition de toute fiducie qui est une fiducie de soins de santé au bénéfice d’employés au cours de l’année. Pertes autres qu’en capital d’une fiducie de soins de santé au bénéfice d’employés (7.4) Est déductible dans le calcul du revenu imposable d’une fiducie de soins de santé au bénéfice d’employés pour une année d’imposition toute partie qu’elle peut déduire de ses pertes autres que des pertes en capital subies au cours des sept années d’imposition précédentes et des trois années d’imposition suivantes. Pertes autres qu’en capital d’une fiducie de soins de santé au bénéfice d’employés (7.5) Malgré l’alinéa (1)a) et le paragraphe (7.4), aucune somme au titre des pertes autres que des pertes en capital subies par une fiducie au cours d’une année d’imposition où elle était une fiducie de soins de santé au bénéfice d’employés ne est déductible dans le calcul de son revenu imposable pour une autre année d’imposition (appelée « année déterminée » au présent paragraphe) s’il s’avère que, selon le cas : a) la fiducie n’était pas une fiducie de soins de santé au bénéfice d’employés pour l’année déterminée; b) la fiducie est une fiducie de soins de santé au bénéfice d’employés qui, en raison de l’application du paragraphe 144.1(3), n’est pas autorisée à déduire une somme en application du paragraphe 104(6) pour l’année déterminée. Définitions
Without restricting the generality of sections 231 to 231.3, if a corporation is required to file an information return under subsection (2) in respect of a reportable uncertain tax treatment of the corporation for a taxation year, even if a return of income has not been filed by the corporation under section 150 for the year, sections 231 to 231.3 apply, with such modifications as the circumstances require, for the purpose of permitting the Minister to verify or ascertain any information in respect of the reportable uncertain tax treatment including, for greater certainty, any information relating to any transaction, or series of transactions, to which the reportable uncertain tax treatment relates.
Les définitions qui suivent s’appliquent au présent article. dépense d’intérêts et de financement restreinte Quant à un contribuable pour une année d’imposition, s’entend de la somme obtenue par la formule suivante : A + B + C où : A représente le total des sommes dont chacune représente la fraction d’un montant qui n’est pas déductible dans le calcul du revenu du contribuable pour l’année d’imposition provenant d’une entreprise ou d’un bien, ou le revenu imposable du contribuable ne se réduit pas la somme déterminée selon l’alinéa 3b) relativement au contribuable pour l’année, pour l’année, par l’effet du paragraphe 18.2(2); exceeds B [Repealed, 2000, c. 19, s. 19] foreign currency debt means a debt obligation denominated in a currency of a country other than Canada; (dette en monnaie étrangère) A - B + C + D where B la somme déterminée selon l’alinéa 12(1).2) relativement au contribuable pour l’année d’imposition; C le total des sommes dont chacune représente une somme obtenue par la formule suivante : D × E où : D représente la fraction d’une somme qui n’est pas déductible par l’effet de la subdivision 95(2)(f.11)(ii)(D)(I), ou une somme qui est incluse par l’effet de la subdivision 95(2)(f.11)(ii)(D)(II), dans le calcul, relativement au contribuable pour une année d’imposition de la société affiliée visée au sous-alinéa 18.2(1)) d’une société étrangère affiliée contrôlée du contribuable se terminant dans l’année d’imposition, une somme de la société affiliée visée au sous-alinéa 95(2)(f)(ii); E le pourcentage de participation déterminé (au sens du paragraphe 18.2(1)) du contribuable relativement à la société affiliée pour l’année d’imposition de la société affiliée se terminant dans l’année d’imposition; dette en monnaie étrangère Titre de créance libellé dans la monnaie d’un pays étranger. (foreign currency debt) perte agricole S’agissant de la perte agricole d’un contribuable pour une année d’imposition, le montant calculé selon la formule suivante : A - C où : A représente le moins élevé des montants suivants : a) l’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le total des montants dont chacun représente la perte qu’il a subie pour l’année relativement à une entreprise agricole ou à une entreprise de pêche, (ii) le total des montants dont chacun représente son revenu tiré pour l’année d’une entreprise agricole ou d’une entreprise de pêche; b) le montant qui constituerait la perte autre qu’une perte en capital du contribuable pour l’année si la valeur de l’élément D de la formule applicable figurant à la définition de perte autre qu’une perte en capital au présent paragraphe était nulle; B [Abrogé, 2000, ch. 19, art. 19] Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
For the purposes of the definition reporting corporation in subsection (1), the carrying value of the assets of a corporation is to be determined in accordance with paragraphs 181(3)(a) and (b). [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2023, c. 26, s. 70. Offences and Punishment Offences and punishment
(A + B) - (D + D.1 + D.2) where E - F C [Repealed, 2000, c. 19, s. 19] --- Impôt sur le revenu
(a) a fine of not less than $1,000 and not more than $25,000; or (b) both the fine described in paragraph 238(1)(a) and imprisonment for a term not exceeding 12 months.
Where a person has been convicted by a court of an offence under subsection 238(1) for a failure to comply with a provision of this Act or a regulation, the court may make such order as it deems proper in order to enforce compliance with the provision.
Paiements forfaitaires
Where a person has been convicted under this section of failing to comply with a provision of this Act or a regulation, the person is not liable to pay a penalty imposed under section 162 or 227 for the same failure unless the person was assessed for that penalty or that penalty was demanded from the person before the information or complaint giving rise to the conviction was laid or made. Other offences and punishment
C le total des montants à appliquer en réduction de la perte agricole du contribuable pour l’année par l’effet de l’article 80. (farm loss) perte autre qu’une perte en capital La perte autre qu’une perte en capital d’un contribuable pour une année d’imposition correspond, à un moment donné, au montant obtenu par la formule suivante : (A + B) - (D + D.1 + D.2) où : A représente le montant obtenu par la formule suivante : E - F E représente le total des sommes représentant chacune : a) la perte que le contribuable a subie pour l’année relativement à une charge, à un emploi, à une entreprise ou à un bien, a.1) une somme déductible en application de l’alinéa 104(6)a.4) dans le calcul du revenu du contribuable pour l’année, b) une somme déduite en application des alinéas (1)a.1) ou b) ou de l’article 110.6, ou déductible en application de l’un des alinéas 110(1)d) à g) et k), de l’article 112 et des paragraphes 113(1) et 138(6), dans le calcul de son revenu imposable pour l’année, c) si le moment donné est antérieur à la onzième année d’imposition postérieure du contribuable, sa perte déductible au titre d’un placement d’entreprise pour l’année, F la fraction calculée selon l’alinéa 3c) à l’égard du contribuable pour l’année; B le montant déterminé à l’égard du contribuable pour l’année selon l’article 110.5 ou le sous-alinéa 115(1)a)(vii); C [Abrogé, 2000, ch. 19, art. 19] D le montant qui constituerait sa perte agricole pour l’année, si le montant représenté par l’élément B dans la formule figurant à la définition de perte agricole au présent paragraphe était zéro;
(a) made, or participated in, assented to or acquiesced in the making of, false or deceptive statements in a return, certificate, statement or answer filed or made as required by or under this Act or a regulation, (b) to evade payment of a tax imposed by this Act, destroyed, altered, mutilated, secreted or otherwise disposed of the records or books of account of a taxpayer, (c) made, or assented to or acquiesced in the making of, false or deceptive entries, or omitted, or assented to or acquiesced in the omission, to enter a material particular, in records or books of account of a taxpayer, (d) wilfully, in any manner, evaded or attempted to evade compliance with this Act or payment of taxes imposed by this Act, or (e) conspired with any person to commit an offence described in paragraphs 239(1)(a) to 239(1)(d), is guilty of an offence and, in addition to any penalty otherwise provided, is liable on summary conviction to (f) a fine of not less than 50%, and not more than 200%, of the amount of the tax that was sought to be evaded, or (g) both the fine described in paragraph 239(1)(f) and imprisonment for a term not exceeding 2 years. Offenses re refunds and credits (1.1) Every person who obtains or claims a refund or credit under this Act to which the person or any other person is not entitled or obtains or claims a refund or credit under this Act in an amount that is greater than the amount to which the person or other person is entitled (a) by making, or participating in, assenting to or acquiescing in the making of, a false or deceptive statement in a return, certificate, statement or answer filed or made under this Act or a regulation, (b) by destroying, altering, mutilating, hiding or otherwise disposing of a record or book of account of the person or other person, (c) by making, or assenting to or acquiescing in the making of, a false or deceptive entry in a record or book of account of the person or other person, (e) wilfully in any manner, or (f) by conspiring with any person to commit any offence under this subsection, is guilty of an offence and, in addition to any penalty otherwise provided, is liable on summary conviction to (g) a fine of not less than 50% and not more than 200% of the amount by which the amount of the refund or credit obtained or claimed exceeds the amount, if any, of the refund or credit to which the person or other person, as the case may be, is entitled, or (h) both the fine described in paragraph 239(1.1)(g) and imprisonment for a term not exceeding 2 years. Prosecution on indictment
1 le total des montants déduits en application du paragraphe (10) relativement au contribuable pour l’année;
Every person who is charged with an offence described in subsection 239(1) or 239(1.1) may, at the election of the Attorney General of Canada, be prosecuted on indictment and, if convicted, is, in addition to any penalty otherwise provided, liable to (a) a fine of not less than 100% and not more than 200% of (i) where the offence is described in subsection 239(1), the amount of the tax that was sought to be evaded, and (ii) where the offence is described in subsection 239(1.1), the amount by which the amount of the refund or credit obtained or claimed exceeds the amount to which the person or other person is entitled;
2 le total des montants à appliquer en réduction de la perte autre qu’une perte en capital du contribuable (A + B) - (C + D + E + E.1) where F - G where H - I where pour l’année par l’effet de l’article 80. (non-capital loss) perte en capital nette S’agissant de la perte en capital nette subie par un contribuable pour une année d’imposition, le résultat du calcul suivant : A - B + C - D où : A représente le montant éventuel calculé selon le sous-alinéa 3b)(ii) à l’égard du contribuable pour l’année; B le moins élevé du total calculé selon le sous-alinéa 3b)(ii) à l’égard du contribuable pour l’année ou de l’élément A déterminé à l’égard du contribuable pour l’année; C le moins élevé des montants suivants : a) le montant des pertes déductibles au titre d’un placement d’entreprise du contribuable pour sa dixième année d’imposition précédente, b) l’excédent éventuel de la perte autre qu’une perte en capital déductible du contribuable pour une année d’imposition précédente sur le total des montants à l’égard desquels le contribuable a demandé des déductions au titre des alinéas 186(1)c) ou d) pour l’année ou pour une année d’imposition antérieure, c) si le contribuable est assujetti à un fait lié à la restriction de pertes avant la fin de l’année et après la fin de la dixième année d’imposition précédente; D le total des montants à appliquer en réduction de la perte en capital nette du contribuable pour l’année par l’effet de l’article 80. (net capital loss) solde des pertes en capital subies avant 1986 À l’égard d’un particulier pour une année d’imposition donnée, le montant calculé selon la formule suivante : (A + B) - (C + D + E + E.1) où : A représente le total des montants dont chacun est un montant calculé selon la formule suivante : F - G F représente la perte en capital nette que ce particulier a subie pour une année d’imposition se terminant avant 1985, G le total des montants dont il a demandé la déduction selon le présent article au titre de cette J × (0.5/K) where K is the fraction in paragraph 38(2) that applies to the individual for the individual's taxation year referred to in the description of J. (solde des pertes en capital subies avant 1986) A + B + C where D × E where perte dans le calcul de son revenu imposable pour les années d’imposition précédant l’année d’imposition donnée; B le montant calculé selon la formule suivante : H - I où : H représente le moins élevé des montants suivants : a) le montant de la perte en capital nette que le particulier a subie pour l’année d’imposition 1985, b) l’excédent du montant calculé selon le sous-alinéa 3e)(ii) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, à l’égard du particulier pour l’année d’imposition 1985 sur le montant déductible en vertu de l’alinéa 3e) de la même loi dans le calcul de son revenu imposable pour l’année d’imposition 1985, C le total des montants déduits en application de l’article 110.6 dans le calcul de son revenu imposable pour les années d’imposition s’étant terminées avant 1988 ou commençant après le 17 octobre 2000; D les 3/4 du total des montants déduits en application de l’article 110.6 dans le calcul de son revenu imposable pour les années d’imposition antérieures à l’année donnée qui : a) soit se sont terminées après 1987 et avant 1990, b) soit ont commencé après le 27 février 2000 et se sont terminées avant le 18 octobre 2000; E les 2/3 du total des montants déduits en application de l’article 110.6 dans le calcul de son revenu imposable pour les années d’imposition antérieures à l’année donnée qui se sont terminées après 1989 et avant le 28 février 2000; E.1 le montant obtenu par la formule suivante : J × (0,5/K) où : J représente le montant qu’il a déduit en application de l’article 110.6 pour une année d’imposition, antérieure à l’année donnée, qui comprend le 28 février 2000 ou le 17 octobre 2000, E is the taxpayer’s specified participating percentage (as defined in subsection 18.2(1)) in respect of the affiliate for the affiliate taxation year. (dépense d’intérêts et de financement restreinte) Exception Fuel tax rebate loss abatement 10(A - B) - C where K la fraction figurant à l’alinéa 38a) qui s’applique à lui pour l’année d’imposition mentionnée à l’élément J. (pre-1986 capital loss balance) taux de change En ce qui concerne la monnaie d’un pays étranger à un moment donné, le taux de change entre cette monnaie et le dollar canadien, affiché par la Banque du Canada le jour qui comprend ce moment ou, si ce jour n’est pas un jour ouvrable, la veille de ce jour, ou tout taux de change que le ministre estime acceptable. (exchange rate) Exception
Offences and Punishment amount, if any, of the refund or credit to which the person or other person, as the case may be, is entitled; and (b) imprisonment for a term not exceeding 5 years. Providing incorrect tax shelter identification number (2.1) Every person who wilfully provides another person with an incorrect identification number for a tax shelter is guilty of an offence and, in addition to any penalty otherwise provided, is liable on summary conviction to (a) a fine of not less than 100%, and not more than 200%, of the cost to the other person of that person’s interest in the shelter; (b) imprisonment for a term not exceeding 2 years; or (c) both the fine described in paragraph 239(2.1)(a) and the imprisonment described in paragraph 239(2.1)(b). Offence with respect to confidential information (b) knowingly contravenes an order made under subsection 241(4.1) is guilty of an offence and liable on summary conviction to a fine not exceeding $5,000 or to imprisonment for a term not exceeding 12 months, or to both. (a) to whom taxpayer information has been provided for a particular purpose under paragraph 241(4)(b), (c), (e), (h), (k), (n), (o) or (p), and who for any other purpose knowingly uses, provides to any person, allows the provision to any person of, or allows any person access to, that information is guilty of an offence and liable on summary conviction to a fine not exceeding $5,000 or to imprisonment for a term not exceeding 12 months, or to both. (2.22) In subsection 239(2.21), official and taxpayer information have the meanings assigned by subsection 241(10). Offence with respect to an identification number (2.3) Every person to whom the business number of a taxpayer or partnership, to whom the Social Insurance Number of an individual or to whom the trust account number of a trust has been provided under this Act or the Regulations, and every officer, employee and agent of such a person, who without written consent of the individual, taxpayer, partnership or trust, as the case may be, knowingly uses, communicates or allows to be communicated the number (otherwise than as required or authorized by law, in the course of duties in connection with the administration or enforcement of this Act or for a purpose for which it was provided by the individual, taxpayer, partnership or trust, as the case may be) is guilty of an offence and liable on summary conviction to a fine not exceeding $5,000 or to imprisonment for a term not exceeding 12 months, or to both. Penalty on conviction
Au présent article, la perte autre qu’une perte en capital, la dépense d’intérêts et de financement restreinte, la perte en capital nette, la perte agricole restreinte, la perte agricole et la perte d’une société de personnes que subies par un contribuable au cours d’une année d’imposition pendant laquelle il ne résidait pas au Canada sont calculées comme si : a) pendant la partie de l’année tout au long de laquelle le contribuable était un non-résident, si l’article 114 s’applique à lui pour l’année, b) pendant toute l’année, dans les autres cas, le seul revenu du contribuable était celui visé à l’un des sous-alinéas 115(1)a)(i) à (vi), ses seuls gains en capital imposables, seules pertes en capital déductibles et seules pertes déductibles au titre des placements d’entreprise résultaient de la disposition de biens canadiens imposables (sauf des biens protégés par traité) et ses seules autres pertes étaient des pertes résultant des fonctions d’une charge ou d’un emploi qu’il exerçait au Canada et d’entreprises (sauf des entreprises protégées par traité) qu’il y exploitait. Réduction de perte par remise de taxe sur le combustible
If a person is convicted under this section, the person is not liable to pay a penalty imposed under any of sections 162, 163, 163.2 and 163.3 for the same contravention unless the penalty is assessed before the information or complaint giving rise to the conviction was laid or made. Stay of appeal
Le contribuable qui reçoit, au cours d’une année d’imposition donnée, un montant (appelé « remise » au présent paragraphe) à titre de remise de taxe sur le combustible en vertu des paragraphes 68.4(2) ou (3.1) de la Loi sur la taxe d’accise déduit, dans le calcul de sa perte autre qu’une perte en capital pour une année d’imposition (appelée « année de perte » au présent paragraphe) qui compte parmi les sept années d’imposition précédant l’année donnée, le moins élevé des montants suivants : a) le résultat du calcul suivant : 10(A - B) - C où : A représente le total des remises reçues par le contribuable au cours de l’année donnée, A + B - C where [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 111; 1994, c. 7, Sch. II, s. 2; Sch. VIII, s. 5; Sch. VII, s. 9; 1997, c. 25, s. 9; 1998, c. 19, s. 240; 2000, c. 19, s. 19; 2001, c. 17, s. 87; 2002, c. 9, s. 34; 2004, c. 19, s. 46; 2006, c. 4, s. 87; 2009, c. 2, s. 30; 2016, c. 12, s. 5; 2018, c. 34, s. 4; 2019, c. 29, s. 6; 2020, c. 5, s. 20; c. 10, s. 33; c. 40, 2021, c. 23, s. 16; 2024, c. 15, s. 27; 2024, c. 17, s. 24; 2024, c. 17, s. 80.] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 111.1; 2000, c. 19, s. 20.] a) d’une part, dont le prix de base rajusté au moment d’évaluation correspond à la somme obtenue par la formule suivante : A + B - C où : A représente le montant de principal dont le contribuable est débiteur relativement à la dette en monnaie étrangère au moment d’évaluation, étant entendu que ce montant est calculé selon le taux de change en vigueur à ce moment, B la partie de tout gain, constaté antérieurement relativement à la dette en monnaie étrangère par l’effet du présent article, qui est raisonnable d’attribuer à la valeur de l’élément A, C la partie de toute perte en capital, constatée antérieurement relativement à la dette en monnaie étrangère par l’effet du présent article, qui est raisonnable d’attribuer à la valeur de l’élément A; b) d’autre part, dont la juste valeur marchande correspond à la somme qui correspondrait au montant du principal dont le contribuable est débiteur relativement à la dette en monnaie étrangère au moment d’évaluation si ce montant était calculé selon le taux de change en vigueur au moment de l’emprunt initial. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent texte consolidé; voir les lois et règlements modificatifs appropriés : L.R. (1985), ch. 1 (5e suppl.), art. 111; 1994, ch. 7, ann. II, art. 2; ann. VIII, art. 5; ann. VII, art. 9; 1997, ch. 25, art. 9; 1998, ch. 19, art. 240; 2000, ch. 19, art. 19; 2001, ch. 17, art. 87; 2002, ch. 9, art. 34; 2004, ch. 19, art. 46; 2006, ch. 4, art. 87; 2009, ch. 2, art. 30; 2016, ch. 12, art. 5; 2018, ch. 34, art. 4; 2019, ch. 29, art. 6; 2020, ch. 5, art. 20; ch. 10, art. 33; ch. 40, 2021, ch. 23, art. 16; 2024, ch. 15, art. 27; 2024, ch. 17, art. 24; 2024, ch. 17, art. 80.] Ordre d’application
Where, in any appeal under this Act, substantially the same facts are at issue as those that are at issue in a prosecution under this section, the Minister may file a stay of proceedings with the Tax Court of Canada and thereupon the proceedings before that Court are stayed pending the final determination of the outcome of the prosecution. Offence and punishment without reference to subsection 120(2.2)
[NOTE : Les dispositions d’application ne sont pas incluses dans le présent texte consolidé; voir les lois et règlements modificatifs appropriés : L.R. (1985), ch. 1 (5e suppl.), art. 111.1; 2000, ch. 19, art. 20.] Déduction des dividendes imposables reçus par une société résidant au Canada 112 (1) Lorsqu’une société a reçu, au cours d’une année d’imposition, un dividende imposable : a) soit d’une société canadienne imposable; b) soit d’une société résidant au Canada (autre qu’une société de placement appartenant à des non-résidents et une société exonérée d’impôt en vertu de la présente partie) et dont elle a le contrôle, Income Tax PART I Income Tax DIVISION D Computation of Taxable Income Lump-sum Payments
In determining whether an offence under this Act, for which a person may on summary conviction or indictment be liable for a fine or imprisonment, has been committed, and in determining the punishment for such an offence, this Act is to be read without reference to subsection 120(2.2).
(b) the share (2.02) For the purpose of paragraph (2.01)(b), Impôt sur le revenu
Offences
Every person that, without lawful excuse, the proof of which lies on the person, (a) uses an electronic suppression of sales device or a similar device or software in relation to records that are required to be kept by any person under section 230, (b) acquires or possesses an electronic suppression of sales device, or a right in respect of an electronic suppression of sales device, that is, or is intended to be, capable of being used in relation to records that are required to be kept by any person under section 230, (c) designs, develops, manufactures, possesses for sale, offers for sale, sells, transfers or otherwise makes available to another person an electronic suppression of sales device that is, or is intended to be, capable of being used in relation to records that are required to be kept by any person under section 230, (d) supplies installation, upgrade or maintenance services for an electronic suppression of sales device that is, or is intended to be, capable of being used in relation to records that are required to be kept by any person under section 230, or (e) participates in, assents to or acquiesces in the commission of, or conspires with any person to commit, an offence described in any of paragraphs (a) to (d), is guilty of an offence and, in addition to any penalty otherwise provided, is liable on summary conviction to a fine of not less than $10,000 and not more than $500,000 or to imprisonment for a term not exceeding two years, or to both. Prosecution on indictment
Paiements forfaitaires
Every person that is charged with an offence described in subsection (2) may, at the election of the Attorney General of Canada, be prosecuted on indictment and, if convicted, is, in addition to any penalty otherwise provided, liable to a fine of not less than $50,000 and not more than $1,000,000 or to imprisonment for a term not exceeding five years, or to both. Penalty on conviction
une somme égale au dividende peut être déduite du revenu pour l’année de la société qui le reçoit, dans le calcul de son revenu imposable. Dividendes reçus d’une société non-résidente
A person that is convicted of an offence under this section is not liable to pay a penalty imposed under any of sections 162, 163, 163.2 and 163.3 for the same action unless a notice of assessment for that penalty was issued before the information or complaint giving rise to the conviction was laid or made. Stay of appeal
Lorsqu’un contribuable qui est une société a, au cours d’une année d’imposition, reçu un dividende imposable d’une société (à l’exclusion d’une société étrangère affiliée du contribuable) qui était imposable pour l’année en vertu du paragraphe 2(3) et qui, à tout au long de la période allant du 18 juin 1971 à la date de réception du dividende, exploitait une entreprise au Canada par l’entremise d’un établissement stable défini par règlement, une somme égale à la fraction du dividende représentée par le rapport existant entre le revenu imposable gagné au Canada par la société payant le dividende pour l’année précédente et le revenu imposable de cette année, si elle avait résidé au Canada tout au long de l’année, peut être déduite du revenu de la société recevant le dividende, pour l’année d’imposition, dans le calcul de son revenu imposable. Bien évalué à la valeur du marché (2.01) Aucune déduction ne peut être faite en application des paragraphes (1) ou (2) ou 138(6) dans le calcul du revenu imposable d’une société pour une année d’imposition à l’égard d’un dividende reçu sur une action si, à la fois : a) la société est une institution financière à un moment donné de l’année; b) l’action, selon le cas : (i) est un bien évalué à la valeur du marché de la société pour l’année, (ii) serait un bien évalué à la valeur du marché de la société pour l’année dans les cas où l’action était détenue à un moment donné de l’année par la société. Bien à évaluer et actions privilégiées (2.02) Pour l’application de l’alinéa (2.01)(b) : a) une action (sauf une action d’une institution financière) est réputée être un bien évalué à la valeur du marché de la société pour l’année si l’action, selon le cas : (i) est un bien à évaluer de la société à un moment donné de l’année, (ii) serait un bien à évaluer de la société dans les cas où l’action était détenue à un moment donné de l’année par la société; (a) either Guaranteed shares b) une action privilégiée imposable est réputée ne pas être un bien évalué à la valeur du marché de la société pour l’année, sauf si l’action était visée aux sous-alinéas a)(i) ou (ii) si l’alinéa a) s’appliquait compte non tenu de son passage « (sauf une action d’une institution financière) ». (2.03) Le paragraphe (2.01) ne s’applique pas à un dividende reçu par une compagnie d’assurance au cours d’une année d’imposition qui est, à la fois : a) soit (i) reçu sur une action (sauf une action visée au sous-alinéa (2.02)a)(i)) détenue par la compagnie en lien avec un contrat d’assurance conclu, émis ou acquis dans le cours normal d’une entreprise d’assurance de la compagnie, (ii) réputé avoir été reçu par la compagnie à la suite d’une désignation par une fiducie de fonds commun de placement visée au paragraphe 104(19) relativement à une part de la fiducie qui est détenue par la compagnie en lien avec un contrat d’assurance conclu, émis ou acquis dans le cours normal d’une entreprise d’assurance de la compagnie; b) identifié dans la déclaration de revenu de la compagnie produite en vertu de la présente partie pour l’année. Déduction non permise (2.1) Aucune déduction ne peut être faite en application des paragraphes (1) ou (2) dans le calcul du revenu imposable d’une institution financière déterminée relativement à un dividende que celle-ci a reçu sur une action qui était, au moment de la réception du dividende, une action privilégiée à terme, à l’exception d’un dividende sur une action du capital-actions d’une société qui n’a pas été acquise dans le cours normal des activités de l’entreprise exploitée par l’institution. Pour l’application du présent paragraphe, relativement à un dividende reçu sur une action du capital-actions d’une société de placement à capital variable ou d’une société de placement après que cette société de placement a choisi, conformément au paragraphe 131(10), de ne pas être une institution financière véritable, l’action est réputée être une action privilégiée à terme acquise dans le cours normal des activités de l’entreprise. (2.2) Aucune déduction ne peut être faite en application des paragraphes (1), (2) ou 138(6) dans le calcul du revenu imposable d’une société donnée relativement à un dividende reçu sur une action du capital-actions d’une Income Tax PART I Income Tax DIVISION D Computation of Taxable Income Lump-sum Payments
If, in any appeal under this Act, substantially the same facts are at issue as those that are at issue in a prosecution under this section, the Minister may file a stay of proceedings with the Tax Court of Canada and, upon that filing, the proceedings before that Court are stayed pending final determination of the outcome of the prosecution. Definition of taxable obligation and non-taxable obligation
Exceptions Impôt sur le revenu
Interest coupon to be identified in prescribed manner — offence and punishment
Every person who, at any time after July 14, 1966, issues the right to interest on which is evidenced by a coupon or other writing that does not form part of, or is capable of being detached from, the evidence of indebtedness under the obligation is, unless the coupon or other writing is marked or identified in prescribed manner by the letters “AX” in the case of a taxable obligation, and by the letter “F” in the case of a non-taxable obligation, on the face thereof, guilty of an offence and liable on summary conviction to a fine not exceeding $500.
Paiements forfaitaires
(a) knowingly provide, or knowingly allow to be provided, to any person any taxpayer information; (b) knowingly allow any person to have access to any taxpayer information; or (c) knowingly use any taxpayer information otherwise than in the course of the administration or enforcement of this Act, the Canada Pension Plan or the Employment Insurance Act or for the purpose for which it was provided under this section.
société émise après 20 heures, heure avancée de l’Est, le 18 juin 1987, si les conditions suivantes sont réunies : a) au moment de la réception du dividende ou juste avant, une personne ou société de personnes (appelée « garant » au présent paragraphe et au paragraphe (2.21)) — autre que l’émetteur de l’action ou qu’un particulier qui n’est pas une fiducie — qui est une institution financière déterminée ou une personne apparentée à celle-ci a l’obligation, conditionnelle ou non, immédiate ou future, d’exécuter un engagement (appelé « engagement de garantie » au présent paragraphe et aux paragraphes (2.21) et (2.22)), notamment une garantie, un accord ou une convention d’achat ou de rachat de l’action, y compris le dépôt de montants de fonds à la société donnée ou à une personne apparentée à celle-ci, ou en son nom, pour l’une ou l’autre — pris en vue, selon le cas : (i) que soit limitée une façon quelconque toute perte que la société donnée ou une personne apparentée à celle-ci peut subir parce qu’elle détient l’action ou un autre bien, en est propriétaire ou en dispose; (ii) que la société donnée ou une personne apparentée à celle-ci obtienne des gains parce qu’elle détient l’action ou un autre bien, en est propriétaire ou en dispose; b) l’engagement a été pris dans le cadre d’une opération, d’un événement ou d’une série d’opérations ou d’événements qui comprend l’émission de l’action. Exceptions (2.21) Le paragraphe (2.2) ne s’applique pas aux dividendes qu’une société donnée reçoit sur les actions suivantes : a) une action qui est, au moment de la réception du dividende, une action visée à l’alinéa e) de la définition de action privilégiée à terme au paragraphe 248(1); b) une action privilégiée imposable émise avant le 16 décembre 1987, une action de régime transitoire ou une action visée par règlement; c) une action privilégiée imposable d’une catégorie du capital-actions d’une société, émise après le 15 décembre 1987 et inscrite à la cote d’une bourse de valeurs désignée, si tous les engagements concernant l’action ont été pris par l’émetteur de l’action, par une ou plusieurs personnes qui leur seraient liées (autrement qu’à cause d’un droit visé à l’alinéa 251(5)b)) ou par l’émetteur et une ou plusieurs de ces personnes, (d) a share Interpretation (2.22) For the purposes of subsections (2.2) and (2.21), sauf si, au moment où le dividende est versé à la société donnée, des dividendes sur plus de 10 % des actions émises et en circulation auxquelles l’engagement s’applique sont versés à la société donnée ou à cette société et aux personnes qui lui sont apparentées; d) une action qui répond aux conditions suivantes : (i) elle n’a pas été acquise par la société donnée dans le cours normal des activités de son entreprise, (ii) l’engagement la concernant n’a pas été pris dans le cours normal des activités de l’entreprise du garant, (iii) au moment du versement du dividende, son émetteur est lié (autrement qu’à cause d’un droit visé à l’alinéa 251(5)b)) à la société donnée ainsi qu’au garant. Interprétation (2.22) Les règles suivantes s’appliquent dans le cadre des paragraphes (2.2) et (2.21) : a) l’engagement concernant une action est pris à un moment donné après 20 heures, heure avancée de l’Est, le 18 juin 1987, autrement que par accord écrit conclu avant 20 heures, heure avancée de l’Est, le 18 juin 1987, l’action est réputée avoir été émise au moment donné et l’engagement est réputé pris dans le cadre d’une série d’opérations qui comprend l’émission de l’action; b) personne apparentée s’entend au sens de l’alinéa h) de la définition de action privilégiée imposable au paragraphe 248(1). Déduction non admise (2.3) Aucune déduction ne peut être faite en application des paragraphes (1), (2) ou 138(6) dans le calcul du revenu imposable d’une société donnée à l’égard d’un dividende reçu sur une action du capital-actions d’une société s’il existe, relativement à l’action, un mécanisme de transfert de dividendes de la société donnée, d’une fiducie dont la société donnée est bénéficiaire ou d’une société de personnes dont la société donnée est membre directement ou indirectement. Mécanisme de transfert de dividendes — exception (2.31) Le paragraphe (2.3) ne s’applique pas à un dividende reçu sur une action s’il existe, relativement à l’action, un mécanisme de transfert de dividendes d’une personne (appelée « contribuable » au présent paragraphe et au paragraphe **Representations** (2.32) tout au long d’une période donnée au cours de laquelle l’arrangement de capitaux propres synthétiques visé à l’alinéa c) de la définition de **mécanisme de transfert de dividendes** au paragraphe 248(1) est en vigueur, si les énoncés ci-après se vérifient : a) le mécanisme de transfert de dividendes est un mécanisme de transfert de dividendes par l’effet de cet alinéa; b) le contribuable démontre que, tout au long de la période donnée, ni un investisseur indifférent relativement à l’impôt ni un groupe d’investisseurs indifférents relativement à l’impôt dont chaque membre est affilié à chaque autre membre n’a, en totalité ou en presque totalité, les possibilités de subir des pertes et de réaliser des gains ou des bénéfices relativement à l’action. **Représentations** (2.32) Le contribuable est considéré avoir fait la démonstration visée à l’alinéa (2.31)b) relativement à une action si l’un des énoncés ci-après est vérifié : a) le contribuable ou la personne rattachée visée à l’alinéa a) de la définition **arrangement de capitaux propres synthétiques** au paragraphe 248(1) (chacun étant appelé « partie à l’arrangement de capitaux propres synthétiques » au présent paragraphe) obtient de sa contrepartie, ou de tout groupe constitué de toutes ses contreparties dont chaque est affiliée à chaque autre contrepartie (chaque membre de ce groupe étant appelé « contrepartie affiliée » au présent paragraphe), un document contenant les représentations fiables ci-après relativement à l’arrangement de capitaux propres synthétiques, comme il convient : (i) la contrepartie ou la contrepartie affiliée n’est pas un investisseur indifférent relativement à l’impôt et ne s’attend pas raisonnablement à le devenir au cours de la période donnée visée au paragraphe (2.31), (ii) les possibilités pour la contrepartie ou la contrepartie affiliée de subir des pertes et de réaliser des gains ou des bénéfices relativement à l’action au cours de la période donnée visée au paragraphe (2.31) n’ont pas été éliminées en totalité ou en presque totalité, et ne le seront pas raisonnablement s’attendre à ce qu’elles le soient; b) la partie à l’arrangement de capitaux propres synthétiques obtient de sa contrepartie, ou de chaque contrepartie affiliée, relativement à l’arrangement, un document contenant les représentations fiables (I) has entered into a specified synthetic equity arrangement with the same specified counterparty, or ci-après relatives à la contrepartie, ou à chaque contrepartie affiliée, comme il convient : (i) elle n’est pas un investisseur indifférent relativement à l’impôt et elle ne s’attend pas raisonnablement à le devenir au cours de la période donnée visée au paragraphe (2.31), (ii) elle a conclu un ou plusieurs arrangements de capitaux propres synthétiques déterminés dans le cadre desquels elle a éliminé, en totalité ou en presque totalité, les possibilités pour elle de subir des pertes et de réaliser des gains ou des bénéfices relativement à l’action si : (A) s’agissant d’une contrepartie, cette contrepartie : (I) soit a conclu un arrangement de capitaux propres synthétiques déterminé avec sa propre contrepartie (la contrepartie d’une contrepartie ou d’une contrepartie affiliée étant appelée « contrepartie déterminée » au présent paragraphe), (II) soit a conclu un arrangement de capitaux propres synthétiques déterminé avec chacune des contreparties d’un groupe constitué de ses contreparties dont chaque contrepartie est affiliée à chaque autre contrepartie (chaque contrepartie de ce groupe étant appelée « contrepartie déterminée affiliée » au présent paragraphe), (B) s’agissant d’une contrepartie affiliée, chaque contrepartie affiliée : (I) soit a conclu un arrangement de capitaux propres synthétiques déterminé avec la même contrepartie déterminée, (II) soit a conclu un arrangement de capitaux propres synthétiques déterminé avec une contrepartie déterminée affiliée qui fait partie du même groupe de contreparties déterminées affiliées, (iii) elle a obtenu de chacune de ses propres contreparties déterminées ou de chacun des contreparties du groupe de contreparties déterminées affiliées visé aux subdivisions (A)(II) ou (B)(II), comme il convient, un document contenant les représentations fiables ci-après relatives à chacune de ses propres contreparties déterminées ou des contreparties de ce groupe : (A) elle n’est pas un investisseur indifférent relativement à l’impôt et elle ne s’attend pas raisonnablement à le devenir au cours de la période donnée visée au paragraphe (2.31), (B) toutes ou presque toutes les possibilités pour elle de subir des pertes et de réaliser des gains ou des bénéfices relativement à l’action au cours de la période donnée visée au paragraphe (2.31) n’ont pas été éliminées et il ne peut pas être raisonnablement prévu qu’elles le soient. Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
Notwithstanding any other Act of Parliament or other law, no official or other representative of a government entity shall be required, in connection with any legal proceedings, to give or produce evidence relating to any taxpayer information. Communication where proceedings have been commenced (a) criminal proceedings, either by indictment or on summary conviction, that have been commenced by the laying of an information or the preferring of an indictment, under an Act of Parliament; or (b) any legal proceedings relating to the administration or enforcement of this Act, the Canada Pension Plan or the Employment Insurance Act or any other Act of Parliament or law of a province that provides for the imposition or collection of a tax or duty. Circumstances involving danger (3.1) The Minister may provide to appropriate persons any taxpayer information relating to imminent danger of death or physical injury to any individual. (3.2) An official may provide to any person the following taxpayer information relating to another person (in this subsection referred to as the “registrant”) that was at any time a registered charity, registered Canadian amateur (a) a copy of the registrant’s governing documents, including its statement of purpose, and function in the case of a Canadian amateur athletic association; (b) any information provided in prescribed form to the Minister by the registrant on applying for registration under this Act; (c) the names of the persons who at any time were the registrant’s directors and the periods during which they were its directors; (e) if the registration of the registrant has been revoked or annulled, a copy of the entirety of or any part of any letter sent by or on behalf of the Minister to the registrant relating to the grounds for the revocation or annulment; (g) a copy of the entirety of or any part of any letter or notice by the Minister to the registrant relating to a suspension under section 188.2 or an assessment of tax or penalty under this Act (other than the amount of a liability under subsection 188.1(1)); (h) in the case of a registrant that is a charity, an application by the registrant, and information filed in support of the application, for a designation, determination or decision by the Minister under any of subsections 149.1(6.3), (7), (8) and (13); and (i) in the case of a registrant that is a charity, in respect of an application for a determination by the Minister under subsection 149.1(15), information in respect of the application, including (i) the application, (ii) information filed in support of the application, and (iii) a copy of the entirety of or any part of any letter or notice by the Minister to the registrant relating to the application. Information may be communicated (3.3) The Minister of Canadian Heritage may communicate or otherwise make available to the public, in any manner that that Minister considers appropriate, the following taxpayer information in respect of a Canadian film or video production certificate (as defined under subsection 125.4(1)) that has been issued or revoked: (a) the title of the production for which the Canadian film or video production certificate was issued; (b) the name of the taxpayer to whom the Canadian film or video production certificate was issued; (c) the names of the producers of the production; (d) the names of the individuals in respect of whom and places in respect of which that Minister has allotted points in respect of the production in accordance with regulations made for the purpose of section 125.4; (f) any revocation of the Canadian film or video production certificate. Information may be communicated (3.4) The Minister may communicate or otherwise make available to the public, in any manner that the Minister considers appropriate, the following taxpayer information: (a) the names of each organization in respect of which an individual can be entitled to a deduction under subsection 118.02(2); (b) information relating to the eligibility, for the deduction under subsection 118.02(2), of subscriptions offered by organizations referred to in paragraph (a); and (c) the start and, if applicable, end of the period in which paragraph (a) or (b) applies in respect of any particular organization or subscription. Clean economy tax credits (3.41) The Minister or the Minister of Finance may communicate or otherwise make available to the public, in any manner that the particular Minister considers appropriate, the following taxpayer information that reasonably relates to the claim or receipt of a clean economy tax credit (as defined in subsection 127.47(1)) by a corporation or trust: (a) the name, including any business name, of (i) the corporation or trust, and (ii) a partnership of which a person described in subparagraph (i) is or was a member, or is or was deemed to be a member under subsection 127.47(7), in respect of the tax credit; (b) the specific type of tax credit; and (c) the period to which the tax credit relates. Information may be communicated (3.5) The Minister may communicate or otherwise make available to the public, in any manner that the Minister considers appropriate, the name of any person or partnership that makes an application under section 125.7. Where taxpayer information may be disclosed
(C) where each specified counterparty or affiliated specified counterparty deals at arm’s length with each other (other than in the case of affiliated specified counterparties, within the same group of affiliated specified counterparties), and (d) where a person or partnership is a party to a synthetic equity arrangement chain in respect of the share, the person or partnership Impôt sur le revenu
An official may (a) provide to any person taxpayer information that can reasonably be regarded as necessary for the purposes of the administration or enforcement of this Act, the Canada Pension Plan or the Employment Insurance Act, solely for that purpose; (b) provide to any person taxpayer information that can reasonably be regarded as necessary for the purposes of determining any tax, interest, penalty or other amount that is or may become payable by the person, or any refund or tax credit to which the person is or may become entitled, under this Act or any other amount that is relevant for the purposes of that determination; (c) provide to the person who seeks a certification referred to in paragraph 147.1(10)(a) the certification or a refusal to make the certification, solely for the purposes of administering a registered pension plan; (i) to an official of the Department of Finance solely for the purposes of the formulation or evaluation of fiscal policy, (i.1) to any person solely for the purposes of subsection (3.41), (ii) to an official solely for the purposes of the initial implementation of a fiscal policy or for the purposes of the administration or enforcement of an Act of Parliament that provides for the imposition and collection of a tax or duty, (iii) to an official solely for the purposes of the administration or enforcement of a law of a province that provides for the imposition or collection of a tax or duty, (iv) to an official of the government of a province solely for the purposes of the formulation or evaluation of fiscal policy, (v) to an official of the Department of Natural Resources or of the government of a province solely for the purposes of the administration or enforcement of a program of the Government of Canada or of the province relating to the exploration for or exploitation of Canadian petroleum and gas resources, (vi) to an official of the government of a province that has received or is entitled to receive a payment referred to in this subparagraph, or to an official of the Department of Natural Resources, solely for the purposes of the provisions relating to payments to a province in respect of the taxable income of corporations earned in the offshore area with respect to the province under the Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, chapter 28 of the Statutes of Canada, 1988, the Canada–Newfoundland and Labrador Atlantic Accord Implementation Act, chapter 3 of the Statutes of Canada, 1987, or similar Acts relating to the exploration for or exploitation of offshore Canadian petroleum and gas resources, (vi.1) to an official of the Department of Natural Resources solely for the purposes of determining whether (A) property is prescribed energy conservation property (as defined in Part LXXXVII of the Income Tax Regulations) or whether an outlay or expense is a Canadian renewable and conservation expense (as defined in section 66.1), (B) a process is a CCUS process (as defined in section 127.44), whether property is dual-use equipment (as defined in section 127.44), whether a project is a qualified CCUS project (as defined in section 127.44) or whether a property is described in Class 57 or 58 of Schedule II to the Income Tax Regulations, (C) a property is a clean technology property (as defined in section 127.45), and (D) a cost is a ZETM cost of capital or a ZETM cost of labour (as defined in section 125.2) and activities are qualified zero-emission technology manufacturing activities (as defined in Part LII of the Income Tax Regulations), (vi.2) to a person employed or engaged in the service of an office or agency of the Government of Canada solely for the purposes of administering or enforcing sections 127.44 to 127.49 and 211.92 to 211.95 or the evaluation or formulation of related policies or guidelines, (vii) to an official solely for the purposes of the administration or enforcement of the Pension Benefits Standards Act, 1985, the Pooled Registered Pension Plans Act or a similar law of a province, (vii.1) to an official solely for the purpose of the administration or enforcement of the Canada Education Savings Act or a designated provincial program as defined in subsection 146.1(1), (vii.2) to an official solely for the purposes of the administration and enforcement of Part 1 of the Energy Costs Assistance Measures Act, (vii.3) to an official solely for the purposes of the administration and enforcement of the Children’s Special Allowances Act or the evaluation or formulation of policy for that Act, (vii.4) to an official solely for the purposes of the administration and enforcement of the Universal Child Care Benefit Act or the evaluation or formulation of policy for that Act, (vii.5) to an official solely for the purposes of the administration or enforcement of the Canada Disability Savings Act or a designated provincial program as defined in subsection 146.4(1), (vii.51) to an official solely for the purposes of the administration and enforcement of the Canada Disability Benefit Act or the evaluation or formulation of policy for that Act, (vii.6) to an official solely for the purposes of the administration and enforcement of the Canada Emergency Response Benefit Act or the evaluation or formulation of policy for that Act, (vii.7) to an official solely for the purposes of the administration and enforcement of the Canada Recovery Benefits Act or the Canada Worker Lockdown Benefit Act, or the evaluation or formulation of policy for those Acts, (vii.8) to an official, if the taxpayer information is taxpayer information of an individual who has made an application under the Canada Recovery Benefits Act or the Canada Worker Lockdown Benefit Act, solely for the purposes of the evaluation or formulation of policy for a program administered and enforced by (A) the Minister of Employment and Social Development, (B) the Minister of Labour, or (C) the Canada Employment Insurance Commission, (vii.9) to an official of a department or agency of the Government of Canada or of a provincial government (or to an individual who occupies a similar position in connection with an Aboriginal government) as to the name, Social Insurance Number, date of birth, address, telephone number, email address or occupation of an individual who has made an application under the Canada Recovery Benefits Act or the Canada Worker Lockdown Benefit Act, solely for the purposes of (A) the administration and enforcement of employment benefits and supports and social assistance programs established by a department or agency of the Government of Canada, the government of a province or an Aboriginal government, or (B) the evaluation or formulation of policy of a program established by a department or agency of the Government of Canada, the government of a province or an Aboriginal government, (vii.91) to an official of a department or agency of a provincial government solely for the purposes of the administration and enforcement, or evaluation or formulation of policy, of a program that provides financial assistance in respect of rent or interest payments in the context of the coronavirus disease 2019 (COVID-19) pandemic, (viii) to an official of the Department of Veterans Affairs solely for the purposes of the administration of the War Veterans Allowance Act, the Veterans Well-being Act or Part XI of the Civilian War-related Benefits Act, (ix) to an official of a department or agency of the Government of Canada or of a province as to the name, address, telephone number, occupation, size or type of business of a taxpayer, solely for the purpose of enabling that department or agency to obtain statistical data for research and analysis, (x) to an official of the Canada Employment Insurance Commission or the Department of Employment and Social Development, solely for the purpose of the administration or enforcement of the Employment Insurance Act, an employment program of the Government of Canada (including, for greater certainty, any activity relating to a program for temporary foreign workers for which the administration or enforcement is the responsibility of the Minister of Employment and Social Development under the Immigration and Refugee Protection Regulations) or the evaluation or formulation of policy for that Act or program, (x.1) to an official of the Department of Employment and Social Development solely for the purpose of the administration or enforcement of a program established under the authority of the Department of Employment and Social Development Act in respect of children who are deceased or missing as a result of an offence, or a probable offence, under the Criminal Code, (xi) to an official of the Department of Agriculture and Agri-Food or of the government of a province solely for the purposes of the administration or enforcement of a program of the Government of Canada or of the province established under an agreement entered into under the Farm Income Protection Act, (xii) to a member of the Canadian Cultural Property Export Review Board or an official of the Administrative Tribunals Support Service of Canada solely for the purposes of administering sections 32 to 33.2 of the Cultural Property Export and Import Act, (xiii) to an official solely for the purposes of setting off against any sum of money that may be due or payable by Her Majesty in right of Canada a debt due to (xiv) to an official solely for the purposes of section 7.1 of the Federal-Provincial Fiscal Arrangements and Federal Post-Secondary Education and Health Contributions Act, (xv) to an official of the Financial Transactions and Reports Analysis Centre of Canada solely for the purpose of enabling the Centre to evaluate the usefulness of information provided by the Centre to the Canada Revenue Agency under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, (xvi) to a person employed or engaged in the service of an office or agency, of the Government of Canada or of a province, whose mandate includes the provision of assistance (as defined in subsection 125.4(1) or 125.5(1)) in respect of film or video productions or film or video production services, solely for the purpose of the administration or enforcement of the program under which the assistance is offered, (xvi.1) to a person employed or engaged in the service of an office or agency, of the Government of Canada or of a province, whose mandate includes the provision of assistance (as defined in subsection 125.6(1)) in respect of qualified Canadian journalism organizations, solely for the purpose of the administration or enforcement of the program under which the assistance is offered, (xvi.2) to a body referred to in paragraph (b) of the definition qualified Canadian journalism organization in subsection 248(1), solely for the purpose of determining eligibility for designation under that paragraph, (xvii) to an official of the Canadian Radio-television and Telecommunications Commission, solely for the purpose of the administration or enforcement of a regulatory function of that Commission, (xviii) to an official of the Canada Revenue Agency solely for the purpose of the collection of amounts owing to Her Majesty in right of Canada or of a province under the Government Employees Compensation Act, the Canada Labour Code, the Merchant Seamen Compensation Act, the Canada Student Loans Act, the Canada Student Financial Assistance Act, the Postal Services Continuation Act, 1997, the Wage Earner Protection Program Act, the Apprentice Loans Act or a law of a province governing the granting of financial assistance to students at the post-secondary school level, (xix) to an official of the Canada Revenue Agency solely for the purpose of the collection of amounts owing to Her Majesty in right of Canada under the Canada Emergency Business Account program established by Export Development Canada in accordance with an authorization made under subsection 23(1) of the Export Development Act, (A) the Canada Revenue Agency solely for the purposes of the administration or enforcement of the Dental Benefit Act, or (B) the Department of Health solely for the purposes of the formulation or evaluation of policy for that Act, (A) the Department of Employment and Social Development, the Department of Health or the Department of Public Works and Government Services, solely for the purpose of the administration or enforcement of the Canadian Dental Care Plan established under the authority of the Department of Health Act in respect of dental services for individuals, or (B) the Department of Health solely for the purpose of the formulation or evaluation of policy for that plan, (xxi) to an official of the Canada Revenue Agency solely for the purposes of the administration or enforcement of the Rental Housing Benefit Act, (xxii) to a person who is employed in the service of, who occupies a position of responsibility in the service of, or who is engaged by or on behalf of, the Canada Mortgage and Housing Corporation, solely for the purposes of the formulation or evaluation of policy for the Rental Housing Benefit Act, or (xxiii) to an official solely for the purposes of a security review under subsection 83.03(10) or section 83.034 of the Criminal Code, if the information can reasonably be considered to be relevant to the security review; (e) provide taxpayer information, or allow the inspection of or access to taxpayer information, as the case may be, under, and solely for the purposes of, (ii) section 13 of the Auditor General Act, (iv) a warrant issued under subsection 21(3) of the Canadian Security Intelligence Service Act, (v) an order made under subsection 462.48(3) of the Criminal Code, (vi) section 26 of the Cultural Property Export and Import Act, (vii) section 79 of the Family Orders and Agreements Enforcement Assistance Act, (x) section 24 of the Statistics Act, (xi) section 9 of the Tax Rebate Discounting Act, (xii) a provision contained in a tax treaty with another country or in a listed international agreement, or (xiii) an order made under the Mutual Legal Assistance in Criminal Matters Act to gather or send information, for the purposes of an investigation or prosecution relating to an act or omission that, if it had occurred in Canada, would constitute an offence for which an order could be obtained under subsection 462.48(3) of the Criminal Code, in response to a request made pursuant to (A) an administrative arrangement entered into under section 6 of the Mutual Legal Assistance in Criminal Matters Act, or (B) a bilateral agreement for mutual legal assistance in criminal matters to which Canada is a party; (f) provide taxpayer information solely for the purposes of sections 23 to 25 of the Financial Administration Act; (f.1) provide taxpayer information to an official for the purposes of the administration and enforcement of the Charities Registration (Security Information) Act, and where an official has so received taxpayer information, the official may provide that information to another official as permitted by subsection (9.1); (g) use taxpayer information to compile information in a form that does not directly or indirectly reveal the identity of the taxpayer to whom the information relates; (h) use, or provide to any person, taxpayer information solely for a purpose relating to the supervision, evaluation or discipline of an authorized person by His Majesty in right of Canada in respect of a period during which the authorized person was employed by or engaged by or on behalf of His Majesty in right of Canada to assist in the administration or enforcement of this Act, the Canada Pension Plan or the Employment Insurance Act, to the extent that the information is relevant for the purpose; (h.1) use, or provide to an official of a department or agency of the Government of Canada, taxpayer information solely for a purpose relating to the administration or enforcement of a program to provide a one-time payment to persons with disabilities for reasons related to the coronavirus disease 2019 (COVID-19), to the extent that the information is relevant for the purpose; (i) provide access to records of taxpayer information to the Librarian and Archivist of Canada or a person acting on behalf of or under the direction of the Librarian and Archivist, solely for the purposes of section 12 of the Library and Archives of Canada Act, and transfer such records to the care and control of such persons solely for the purposes of section 13 of that Act; (j.1) provide taxpayer information to an official or a designated person solely for the purpose of permitting the making of an adjustment to a social assistance payment made on the basis of a means, needs or income test if the purpose of the adjustment is to take into account (i) the amount determined in respect of a person for C in subsection 122.61(1), as it read before July 2018, in respect of a base taxation year (as defined in section 122.6) before 2017, or (ii) an amount determined in respect of a person under subsection 122.61(1) or (1.1) in respect of a base taxation year (as defined in section 122.6) after 2014;
Offences and Punishment (k) provide, or allow inspection of or access to, taxpayer information to or by any person otherwise legally entitled to it under an Act of Parliament solely for the purposes for which that person is entitled to the information; (l) subject to subsection (9.2), provide to a representative of a government entity the business number of, the name of (including any trade name or other name used by), and any contact information, corporate information and registration information in respect of, the holder of a business number (other than an excluded individual), if the information is provided solely for the purposes of the administration or enforcement of (i) an Act of Parliament or of a legislature of a province, or (m) provide taxpayer information to an official of the government of a province solely for use in the management or administration by that government of a program relating to payments under subsection 164(1.8); (n) provide taxpayer information to any person, solely for the purposes of the administration or enforcement of a law of a province that provides for workers’ compensation benefits; (o) provide taxpayer information to any person solely for the purpose of enabling the Chief Statistician, within the meaning assigned by section 2 of the Statistics Act, to provide to a statistical agency of a province data concerning business activities carried on in the province, where the information is used by the agency solely for research and analysis and the agency is authorized under the law of the province to collect the same or similar information on its own behalf in respect of such activities; (p) provide taxpayer information to a police officer (within the meaning assigned by subsection 462.48(17) of the Criminal Code) solely for the purpose of investigating whether an offence has been committed under the Criminal Code, or the laying of an information or the preferring of an indictment, where (i) such information can reasonably be regarded as being necessary for the purpose of ascertaining the circumstances in which an offence under the Criminal Code may have been committed, or the identity of the person or persons who may have committed an offence, with respect to an official, or with respect to any person related to that official, (ii) the official was or is engaged in the administration or enforcement of this Act, and (iii) the offence can reasonably be considered to be related to that administration or enforcement; (q) provide taxpayer information to an official of the government of a province solely for the use in the management or administration by that government of a program relating to earning supplementation or income support; (r) provide taxpayer information to a person who has — under a program administered by the Canada Revenue Agency to obtain information relating to tax non-compliance — entered into a contract to provide information to the Canada Revenue Agency, to the extent necessary to inform the person of any amount they may be entitled to under the contract and of the status of their claim under the contract; (s) provide taxpayer information, solely for the purpose of ensuring compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, to an official of the Financial Transactions and Reports Analysis Centre of Canada, if the information (i) can reasonably be considered to be relevant to a determination of whether a reporting entity (as defined in section 244.1) has complied with a duty or obligation under Part XV.1, and (ii) does not directly or indirectly reveal the identity of a client (as defined in section 244.1); (t) provide taxpayer information to an official solely for the purpose of enabling the Chief Actuary of the Office of the Superintendent of Financial Institutions to conduct actuarial reviews of pension plans established under the Old Age Security Act as required by the Public Pensions Reporting Act; or (u) provide to an official of the Department of Industry, solely for the purpose of verifying and validating the data required to be sent under section 21.21 of the Canada Business Corporations Act in respect of a private corporation (in this paragraph referred to as the “particular corporation”), the following information: (i) for each corporation (in this paragraph referred to as the “subject corporation”) that is related to or associated with the particular corporation in a taxation year, (A) the name of the subject corporation, (B) the jurisdiction of residence of the subject corporation, (C) the business number of the subject corporation, (D) the relationship between the particular corporation and the subject corporation, (E) the number of shares of each class of the capital stock of the subject corporation that are owned by the particular corporation, and (F) the percentage of all the issued and outstanding shares of each class of the capital stock of the subject corporation that are owned by the particular corporation, (ii) for each shareholder that holds at least 10% of any class of the capital stock of the particular corporation in a taxation year, (B) whether the shareholder is a corporation, partnership, individual or trust, (C) as the case may be, the shareholder’s (IV) trust account number, and (D) the percentage of all the issued and outstanding shares of each class of the capital stock of the particular corporation that are owned by the shareholder, and (iii) the taxation year to which the information described in subparagraphs (i) and (ii) relates. (4.1) The person who presides at a legal proceeding relating to the supervision, evaluation or discipline of an authorized person may order such measures as are necessary to ensure that taxpayer information is not used or provided to any person for any purpose not relating to that proceeding, including (b) banning the publication of the information; (c) concealing the identity of the taxpayer to whom the information relates; and Disclosure to taxpayer or on consent
Paiements forfaitaires
An official or other representative of a government entity may provide taxpayer information relating to a taxpayer (a) to the taxpayer; and (b) with the consent of the taxpayer, to any other person. Appeal from order or direction
(A) elle n’est pas un investisseur indifférent relativement à l’impôt et elle ne s’attend pas raisonnablement à le devenir au cours de la période donnée visée au paragraphe (2.31), (B) les possibilités pour elle de subir des pertes et de réaliser des gains ou des bénéfices relativement à l’action au cours de la période donnée visée au paragraphe (2.31) n’ont pas été éliminées en totalité ou en presque totalité, et elle ne peut pas raisonnablement s’attendre à ce qu’elles le soient; c) la partie à l’arrangement de capitaux propres synthétiques obtient de sa contrepartie, ou de chaque contrepartie affiliée, relativement à l’arrangement, un document contenant les représentations fiables écrites relatives à la contrepartie, ou à chaque contrepartie affiliée, comme il convient : (i) elle n’est pas un investisseur indifférent à l’impôt et elle ne s’attend pas raisonnablement à le devenir au cours de la période donnée visée au paragraphe (2.31), (ii) elle a conclu des arrangements de capitaux propres synthétiques déterminés dans le cadre desquels, à la fois : (A) les possibilités pour elle de subir des pertes et de réaliser des gains ou des bénéfices relativement à l’action sont éliminées en totalité ou en presque totalité, (B) aucune contrepartie déterminée ni aucun groupe de contreparties déterminées affiliées ne se voit accorder à lui seul, en totalité ou en presque totalité, les possibilités de subir des pertes et de réaliser des gains ou des bénéfices relativement à l’action, (C) chaque contrepartie déterminée ou contrepartie déterminée affiliée est sans lien de dépendance avec chaque autre contrepartie (sauf s’il s’agit de contreparties déterminées affiliées, d’un même groupe, de contreparties déterminées affiliées), (iii) a obtenu de chacune de ses contreparties déterminées ou contreparties déterminées affiliées un document contenant les représentations fiables écrites relatives à celle-ci : (A) elle est une personne résidant au Canada et elle ne s’attend pas raisonnablement à cesser d’y résider au cours de la période donnée visée au paragraphe (2.31), End of particular period Interpretation (B) les possibilités pour elle de subir des pertes et de réaliser des gains ou des bénéfices relativement à l’action au cours de la période donnée visée au paragraphe (2.31) n’ont pas été éliminées en totalité ou en presque totalité, et elle ne peut pas raisonnablement s’attendre à ce qu’elles le soient; d) si une personne ou une société de personnes fait partie d’une chaîne d’arrangements de capitaux propres synthétiques relativement à l’action, la personne ou la société de personnes, à la fois : (i) a obtenu, en totalité ou presque totalité, les possibilités de subir des pertes et de réaliser des gains ou des bénéfices relativement à l’action dans le cadre de la chaîne, (ii) a conclu un ou plusieurs arrangements de capitaux propres synthétiques dans le cadre desquels elle a éliminé, en totalité ou en presque totalité, les possibilités pour elle de subir des pertes et de réaliser des gains ou des bénéfices relativement à l’action, (iii) n’a pas de lien de dépendance avec ces contreparties et obtient de chacune d’elles un document contenant les représentations fiables du genre visé aux alinéas a), b) ou c), comme si la personne ou la société de personnes était partie à un arrangement de capitaux propres synthétiques. Fin de la période donnée (2.33) Si, à un moment au cours d’une période donnée visée au paragraphe (2.31), une contrepartie, une contrepartie déterminée, une contrepartie affiliée ou une contrepartie déterminée affiliée s’attend raisonnablement à devenir un investisseur indifférent relativement à l’impôt, soit — si elle a fourni une représentation visée au sous-alinéa (2.32)a)(ii) ou aux divisions (2.32)b)(ii)(B) ou c)(iii)(B) relativement à une action — à ce que les possibilités pour elle de subir des pertes et de réaliser des gains ou des bénéfices relativement à l’action soient éliminées en totalité ou en presque totalité, la période donnée pour laquelle elle a fourni une représentation relative à l’action est réputée prendre fin à ce moment. Interprétation (2.34) Il est entendu que chaque mention de « contrepartie », « contrepartie déterminée », « contrepartie affiliée » ou « contrepartie déterminée affiliée » au paragraphe (2.32) vaut mention seulement d’une personne ou loss or opportunity for gain or profit in respect of the share. Application of s. (2.4) société de personnes qui obtient tout ou partie des possibilités de subir des pertes ou de réaliser des gains ou des bénéfices relativement à l’action visée à ce paragraphe. Déduction non admise (2.4) Aucune déduction ne peut être faite en application des paragraphes (1) ou (2) ou 138(6) dans le calcul du revenu imposable d’une société investisseuse à l’égard d’un dividende reçu sur une action d’une autre société qui est la société émettrice — sauf s’il s’agit d’une action exclue — dans les cas suivants : a) une personne ou société de personnes a l’obligation, absolue ou conditionnelle, d’exécuter un engagement — notamment une garantie, un accord ou une convention d’achat ou de rachat de l’action — par lequel un investisseur a un droit, immédiat ou futur, de recevoir ou d’obtenir un avantage afin de réduire ou supprimer l’effet d’une perte qu’un investisseur peut subir du fait qu’il est propriétaire ou détenteur de l’action ou qu’il en dispose, et un bien sert, en totalité ou en partie, directement ou indirectement, de quelque manière que ce soit, à garantir l’exécution de l’engagement; b) la contrepartie pour laquelle l’action est émise ou un autre bien reçu, directement ou indirectement, d’un investisseur par un émetteur ou encore un bien substitué à la contrepartie ou à l’autre bien, comprend (i) une obligation d’un investisseur de faire des versements à inclure, en totalité ou en partie, dans le calcul du revenu de l’émetteur — à l’exception de l’obligation d’une société qui, juste avant l’émission de l’action, serait liée à la société émettrice compte tenu de l’alinéa 251(5)(b) —, (ii) un droit de recevoir des versements à inclure, en totalité ou en partie, dans le calcul du revenu de l’émetteur, si ce droit est détenu sous condition qu’il — ou un bien y substitué — puisse revenir ou passer à un investisseur ou à une personne ou société de personnes qu’un investisseur indique, et que l’obligation ou le droit a été acquis par l’émetteur, au sein d’une opération ou d’une série d’opérations ou d’événements qui comprennent l’émission ou l’acquisition de l’action ou d’une action y substituée : Application du par. (2.4) (2.5) Le paragraphe (2.4) s’applique à un dividende reçu sur une action que dans le cas où il est raisonnable de considérer en contexte que l’action a été émise ou Definitions (2.6) For the purposes of this subsection and subsection 112(2.4), exempt share means (a) a prescribed share, acquise dans le cadre d’une opération, d’un événement ou d’une série d’opérations ou d’événements qui ont permis à une société de gagner un revenu de placement ou un revenu y substitué et, en conséquence, les impôts payables par celle-ci en vertu de la présente loi pour une année d’imposition sont inférieurs à ce qu’ils seraient si ce revenu de placement était le seul revenu de la société pour cette année et pour toutes les autres années d’imposition et si aucun montant n’était déductible en application des paragraphes 127(5) et 127.2(1) dans le calcul de ses impôts payables en vertu de la présente loi. Définitions (2.6) Les définitions qui suivent s’appliquent au présent paragraphe et au paragraphe (2.4). action exclue a) Action visée par règlement; b) action qu’une société a émise avant 17 heures, heure normale de l’Est, le 27 novembre 1986, sauf si elle était détenue à ce moment soit par l’émetteur, soit par une personne ou société de personnes dans le cas où, conformément à une convention conclue avant ce moment, l’émetteur pouvait devenir admissible à un montant pour cette action après ce moment — par voie de produit de souscription ou d’apport de capital; c) action qui, au moment de la réception du dividende visé au paragraphe (2.4), était une action visée à l’alinéa e) de la définition de action privilégiée à terme, au paragraphe 248(1), pendant la durée visée à cet alinéa. (exempt share) émetteur La société émettrice visée au paragraphe (2.4), une autre personne avec laquelle celle-ci a un lien de dépendance et toute société de personnes ou fiducie dont cette société ou l’autre personne est un associé ou un bénéficiaire. Ne sont toutefois pas visés par la présente définition la société visée au paragraphe (2.4). (issuer) investisseur La société investisseuse visée au paragraphe (2.4), une autre personne avec laquelle celle-ci a un lien de dépendance et toute société de personnes ou fiducie dont cette société ou l’autre personne est un associé ou un bénéficiaire. La société émettrice visée au paragraphe (2.4) ne peut toutefois être un investisseur. (investor) Income Tax PART I Income Tax DIVISION D Computation of Taxable Income Lump-sum Payments
An order or direction that is made in the course of or in connection with any legal proceedings and that requires an official, other representative of a government entity or authorized person to give or produce evidence relating to any taxpayer information may, by notice served on all interested parties, be appealed forthwith by the Minister or by the person against whom the order or direction is made to (a) the court of appeal of the province in which the order or direction is made, in the case of an order or direction made by a court or other tribunal established by or pursuant to the laws of the province, whether or not that court or tribunal is exercising a jurisdiction conferred by the laws of Canada; or (b) the Federal Court of Appeal, in the case of an order or direction made by a court or other tribunal established by or pursuant to the laws of Canada.
(iii) a life insurance capital dividend. b) dans le cas où le contribuable est une société, le total des montants qu’il a reçus sur l’action représentant chacun : (i) un dividende imposable, jusqu’à concurrence de la fraction du dividende qui était déductible selon le présent article ou les paragraphes 115(1) ou 138(6) dans le calcul du revenu imposable du contribuable, ou de son revenu imposable gagné au Canada, pour une année d’imposition, (ii) un dividende qui a fait l’objet du choix prévu au paragraphe 83(2), dans le cas où le dividende n’est pas réputé par le paragraphe 83(2.1) être un dividende imposable, (iii) un dividende en capital d’assurance-vie. Perte sur une action qui est une immobilisation — dividendes exclus (3.01) Un dividende désigné n’est pas inclus dans le total déterminé selon le sous-alinéa (3)a)(i) ou l’alinéa (3)b) si le contribuable établit qu’il a été reçu, à la fois : a) à un moment où le contribuable et des personnes avec lesquelles il n’avait aucun lien de dépendance ne possédaient pas, au total, de plus de 5 % des actions émises d’une catégorie du capital-actions de la société qui a versé le dividende; b) sur une action qui a appartenu au contribuable tout au long de la période de 365 jours qui s’est terminée immédiatement avant la disposition. Perte sur une action détenue par une société de personnes (3.1) Sous réserve des paragraphes (5.5) et (5.6), la part qui revient à un contribuable (sauf une société de personnes et une fiducie de fonds commun de placement) de toute perte subie par une société de personnes dont il est un associé, lors de la disposition d’une action détenue par une société de personnes à titre d’immobilisation, est réputée égale à cette part de la perte, déterminée compte non tenu du présent paragraphe, moins : a) dans le cas où le contribuable est un particulier, le moins élevé des montants suivants : (i) le total des montants représentant chacun un dividende que le contribuable a reçu sur l’action et qui a fait l’objet du choix prévu au paragraphe 83(2), dans le cas où le dividende n’est pas réputé par le paragraphe 83(2.1) être un dividende imposable, (iii) a life insurance capital dividend; and (i) a taxable dividend, or (ii) a life insurance capital dividend (i) cette part de la perte déterminée compte non tenu du présent paragraphe moins l’ensemble des dividendes imposables reçus par le contribuable sur l’action; b) dans le cas où le contribuable est une société, le total des montants qu’il a reçus sur l’action représentant chacun : (i) un dividende imposable, jusqu’à concurrence de la fraction du dividende qui était déductible selon le présent article ou les paragraphes 115(1) ou 138(6) dans le calcul de son revenu imposable, ou de son revenu imposable gagné au Canada, pour une année d’imposition, (ii) un dividende qui a fait l’objet du choix prévu au paragraphe 83(2), dans le cas où le dividende n’est pas réputé par le paragraphe 83.2(1) être un dividende imposable, (iii) un dividende en capital d’assurance-vie; c) dans le cas où le contribuable est une fiducie, le total des montants représentant un dividende imposable ou un dividende en capital d’assurance-vie reçus sur l’action et attribués par la fiducie en application des paragraphes 104(19) ou (20) à un bénéficiaire qui était une société, une société de personnes ou une fiducie. Perte sur une action détenue par une société de personnes — dividendes exclus (3.11) Un dividende désigné n’est pas inclus dans le total déterminé selon le sous-alinéa (3.1)(a)(i) ou les alinéas (3.1)(b) ou c) si le contribuable établit qu’il a été reçu, à la fois : a) au moment où la société de personnes donnée, le contribuable et des personnes avec lesquelles celui-ci avait un lien de dépendance ne détenaient pas, au total, plus de 5 % des actions émises de toute catégorie du capital-actions de la société qui a versé le dividende; b) sur une action que la société de personnes donnée a détenue tout au long de la période de 365 jours qui s’est terminée immédiatement avant la disposition. Perte sur une action détenue par une société de personnes — dividendes exclus (3.12) Le dividende imposable reçu sur une action et attribué par une fiducie donnée en application du paragraphe 104(19) à un bénéficiaire qui était une société de personnes ou une fiducie n’est pas inclus dans le total déterminé selon l’alinéa (3.1)c) si la fiducie donnée établit qu’il a été reçu par un particulier (autre qu’une fiducie). exceeds Perte sur une action détenue par une fiducie (3.2) Sous réserve des paragraphes (5.5) et (5.6), le montant de toute perte subie par une fiducie (sauf une fiducie de fonds commun de placement) lors de la disposition d’une action de capital-actions d’une société qui fait partie des immobilisations de la fiducie est réputé égal au montant de cette perte, déterminé compte non tenu du présent paragraphe, moins le total des montants suivants : a) l’excédent éventuel du moins élevé des montants suivants : (i) le total des montants représentant chacun un dividende que la fiducie a reçu sur l’action et qui a fait l’objet du choix prévu au paragraphe 83(2), dans le cas où le dividende n’est pas réputé par le paragraphe 83(2.1) être un dividende imposable, (ii) la perte déterminée compte non tenu du présent paragraphe moins le total des montants représentant chacun un dividende imposable : (A) reçu par la fiducie sur l’action, (B) reçu sur l’action et attribué par la fiducie en vertu du paragraphe 104(19) à un bénéficiaire qui est un particulier (autre qu’une fiducie), (C) qui est un dividende désigné reçu sur l’action et attribué par la fiducie, en application du paragraphe 104(19), à un bénéficiaire qui est une société, une société de personnes ou une autre fiducie, dans le cas où la fiducie établit ce qui suit : (I) l’action lui a appartenu tout au long de la période de 365 jours se terminant immédiatement avant la disposition, (II) le dividende a été reçu pendant que la fiducie, le bénéficiaire et des personnes ayant un lien de dépendance avec celui-ci étaient propriétaires, au total, de moins de 5 % des actions émises d’une catégorie du capital-actions de la société qui a versé le dividende, sur le montant suivant : (iii) lorsque la fiducie est la succession assujettie à l’imposition à taux progressifs d’un particulier, que l’action a été acquise par suite du décès de celui-ci et que la disposition est effectuée au cours de la première année d’imposition de la fiducie, la moitié de la moins élevée des sommes suivantes : (A) la perte déterminée compte non tenu du présent paragraphe, et Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
The court to which an appeal is taken pursuant to subsection 241(6) may allow the appeal and quash the order or direction appealed from or dismiss the appeal, and the rules of practice and procedure from time to time governing appeals to the courts shall apply, with such modifications as the circumstances require, to an appeal instituted pursuant to that subsection.
(i) a taxable dividend, or (ii) a life insurance capital dividend Impôt sur le revenu
An appeal instituted pursuant to subsection 241(6) shall stay the operation of the order or direction appealed from until judgment is pronounced.
An official may provide to the head of a recipient Government of Canada institution listed in Schedule 3 to the Security of Canada Information Disclosure Act, or to an official designated for the purposes of that Act by the head of that recipient institution, (b) taxpayer information, if there are reasonable grounds to suspect that the information would be relevant to (i) an investigation of whether the activity of any person may constitute threats to the security of Canada, as defined in section 2 of the Canadian Security Intelligence Service Act, or (ii) an investigation of whether any of the following offences may have been committed: (A) a terrorism offence as defined in section 2 of the Criminal Code, and (B) an offence under section 462.31 of the Criminal Code, if that investigation is related to a terrorism offence as defined in section 2 of that Act; and (c) information setting out the reasonable grounds referred to in paragraph (b), to the extent that any such grounds rely on information referred to in paragraph (a) or (b). (9.1) Information — other than designated donor information — provided to an official of the Canadian Security Intelligence Service or the Royal Canadian Mounted Police, as permitted by paragraph (4)(f.1), may be used by such an official, or communicated by such an official to another official of the Canadian Security Intelligence Service or the Royal Canadian Mounted Police for use by that other official, for the purpose of (a) investigating whether an offence may have been committed, ascertaining the identity of a person or persons who may have committed an offence, or prosecuting an offence, which offence is (i) described in Part II.1 of the Criminal Code, or (ii) described in section 462.31 of the Criminal Code, if that investigation, ascertainment or prosecution is related to an investigation, ascertainment or prosecution in respect of an offence described in Part II.1 of that Act; or (b) investigating whether the activities of any person may constitute threats to the security of Canada, as defined in section 2 of the Canadian Security Intelligence Service Act. Restrictions on information sharing (9.2) No information may be provided to a representative of a government entity under paragraph (4)(i) in connection with a program, activity or service provided or undertaken by the government entity unless the government entity uses the business number as an identifier in connection with the program, activity or service. Public disclosure (9.3) The Minister may, in connection with a program, activity or service provided or undertaken by the Minister, make available to the public the business number of, and the name of (including any trade name or other name used by), the holder of a business number (other than an excluded individual). Public disclosure by representative of government entity (9.4) A representative of a government entity may, in connection with a program, activity or service provided or undertaken by the government entity, make available to the public the business number of, and the name of (including any trade name or other name used by), the holder of a business number (other than an excluded individual), if (a) a representative of the government entity was provided with that information pursuant to paragraph (4)(i); and (b) the government entity uses the business number as an identifier in connection with the program, activity or service. Serious offences (9.5) An official may provide to a law enforcement officer of an appropriate police organization (a) taxpayer information, if the official has reasonable grounds to believe that the information will afford evidence of an act or omission in or outside of Canada that, if committed in Canada, would be (i) an offence under any of (A) section 3 of the Corruption of Foreign Public Officials Act, (B) sections 119 to 121, 123 to 125 and 426 of the Criminal Code, (C) section 465 of the Criminal Code as it relates to an offence described in clause (B), and (D) sections 144, 264, 271, 279, 279.02, 281 and 333.1, paragraphs 334(a) and 348(1)(e) and sections 349, 435 and 462.31 of the Criminal Code, (ii) a terrorism offence or a criminal organization offence, as those terms are defined in section 2 of the Criminal Code, for which the maximum term of imprisonment is 10 years or more, or (A) that is punishable by a minimum term of imprisonment, (B) for which the maximum term of imprisonment is 14 years or life, or (C) for which the maximum term of imprisonment is 10 years and that (I) resulted in bodily harm, (III) involved the use of a weapon; and (b) information setting out the reasonable grounds referred to in paragraph (a), to the extent that any such grounds rely on information referred to in that paragraph. authorized person means a person who is engaged or employed, or who was formerly engaged or employed, by or on behalf of His Majesty in right of Canada to assist in carrying out the provisions of this Act, the Canada Pension Plan or the Employment Insurance Act; (personne autorisée) contact information, in respect of a holder of a business number, means the name, address, telephone number, facsimile number and preferred language of communication of the holder, or similar information as specified by the Minister in respect of the holder, and includes such information in respect of one or more (a) trustees of the holder, if the holder is a trust, (b) members of the holder, if the holder is a partnership, (c) officers of the holder, if the holder is a corporation, or corporate information, in respect of a holder of a business number that is a corporation, means the name (including the number assigned by the incorporating authority), date of incorporation, jurisdiction of incorporation and any information on the dissolution, reorganization, amalgamation, winding-up or revival of the corporation; (renseignements d’entreprise) court of appeal has the meaning assigned by the definition court of appeal in section 2 of the Criminal Code; (cour d’appel) designated donor information means information of a charity, or of a person who has at any time made an application for registration as a registered charity, that is directly attributable to a gift that has been made or proposed to be made to the charity or applicant and that is presented in any form that directly or indirectly reveals the identity of the donor or prospective donor, other than a donor or prospective donor who is not resident in Canada and is neither a citizen of Canada nor a person described in subsection 2(3); (renseignements désignés sur les donateurs) designated person means any person who is employed in the service of, who occupies a position of responsibility in the service of, or who is engaged by or on behalf of, (b) an administration responsible for the application of a law of a province that is similar to the Income Tax Act,
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Offences and Punishment (b) a public body performing a function of government in Canada, or any person who was formerly so employed, who formerly occupied such a position or who was formerly so engaged; (personne déterminée) excluded individual means an individual who is a holder of a business number solely because the individual is required under this Act to deduct or withhold an amount from an amount paid or credited or deemed to be paid or credited; (particulier exclu) government entity means (a) a department or agency of the government of Canada or of a province, (d) a corporation all of the shares (except directors’ qualifying shares) of the capital stock of which are owned by one or more persons each of which is (iv) a corporation described in this paragraph, or (e) a board or commission, established by Her Majesty in right of Canada or Her Majesty in right of a province, that performs an administrative or regulatory function of government, or by one or more municipalities in Canada, that performs an administrative or regulatory function of a municipality; (entité gouvernementale) official means any person who is employed in the service of, who occupies a position of responsibility in the service of, or who is engaged by or on behalf of, (b) an authority engaged in administering a law of a province similar to the Pension Benefits Standards Act, 1985 or the Pooled Registered Pension Plans Act, or any person who was formerly so employed, who formerly occupied such a position or who was formerly so engaged and, for the purposes of subsection 239(2.21), subsections 241(1) and 241(2), the portion of subsection 241(4) before paragraph (a), and subsections 241(5) and 241(6), includes a designated person; (fonctionnaire) publicly accessible charity information means taxpayer information that is (a) described in subsection (3.2), or that would be described in that subsection if the words “that was at any time a registered charity” were read as “that has at any time made an application for registration as a registered charity”, (b) information — other than designated donor information — submitted to the Minister with, or required to be contained in, any public information return filed or required to be filed under subsection 149.1(14), or registration information, in respect of a holder of a business number, means (b) the type of activities carried on or proposed to be carried on by the holder, (c) each date on which (i) the business number was issued to the holder, (ii) the holder began activities, (iii) the holder ceased or resumed activities, or (iv) the business number assigned to the holder was changed, and representative of a government entity means a person who is employed in the service of, who occupies a position of responsibility in the service of, or who is engaged by or on behalf of, a government entity, and includes, for the purposes of subsections (1), (2), (5) and (6), a person who was formerly so employed, who formerly occupied such a position or who formerly was so engaged; (représentant) taxpayer information means information of any kind and in any form relating to one or more taxpayers that is (a) obtained by or on behalf of the Minister for the purposes of this Act, or (b) prepared from information referred to in paragraph (a), but does not include information that does not directly or indirectly reveal the identity of the taxpayer to whom it relates and, for the purposes of applying subsections (2), (5) and (6) to a representative of a government entity that is not an official, taxpayer information includes only the information referred to in paragraph (4)(f). (renseignement confidentiel)
(A) la perte déterminée compte non tenu du présent paragraphe, (B) le gain en capital du particulier provenant de la disposition de l’action immédiatement avant le décès; b) le total des montants représentant chacun un dividende imposable ou un dividende en capital d’assurance-vie reçu sur l’action et attribué par la fiducie en application des paragraphes 104(19) ou (20) à un bénéficiaire qui était une société, une société de personnes ou une fiducie. Perte sur une action détenue par une fiducie — cas spéciaux (3.3) Malgré le paragraphe (3.2), lorsqu’une fiducie acquiert une action du capital-actions d’une société à un moment donné par l’effet du paragraphe 104(4), le montant de toute perte qu’elle subit lors d’une disposition effectuée après ce moment-là est réputé être égal au montant de cette perte, déterminée compte non tenu du paragraphe (3.2) et du présent paragraphe, moins le total des montants suivants : a) l’excédent éventuel du moindre des montants suivants : (i) le total des montants représentant chacun un dividende que la fiducie a reçu sur l’action après ce moment et qui a fait l’objet du choix prévu au paragraphe 83(2), dans le cas où le dividende n’est pas réputé par le paragraphe 83(2.1) être un dividende imposable, (ii) la perte déterminée compte non tenu du paragraphe (3.2) et du présent paragraphe moins le total des montants représentant chacun un dividende imposable : (A) reçu par la fiducie sur l’action après ce moment, (B) reçu sur l’action après ce moment et attribué par la fiducie, en application du paragraphe 104(19), à un bénéficiaire qui est un particulier (autre qu’une fiducie), (C) qui est un dividende désigné reçu sur l’action après ce moment et attribué par la fiducie, en application du paragraphe 104(19), à un bénéficiaire qui était une société, une société de personnes ou une autre fiducie, dans le cas où la fiducie établit ce qui suit : (I) elle a détenu l’action tout au long de la période de 365 jours qui a pris fin immédiatement avant la disposition, (II) le dividende a été reçu lorsque la fiducie, le bénéficiaire et des personnes non liées au (iii) 1/2 of the lesser of (I) l’action lui a appartenu tout au long de la période de 365 jours qui s’est terminée immédiatement avant la disposition, (II) le dividende a été reçu pendant que la fiducie, le bénéficiaire et des personnes ayant un lien de dépendance avec celui-ci étaient propriétaires, au total, de moins de 5 % des actions émises d’une catégorie du capital-actions de la société qui a versé le dividende, sur le montant suivant : (iii) la moitié du moins élevé des montants suivants : (A) la perte résultant de la disposition, déterminée compte non tenu du paragraphe (3.2) et du présent paragraphe, (B) le gain en capital de la fiducie provenant de la disposition de l’action effectuée immédiatement avant ce moment par l’effet du paragraphe 104(4); b) le total des montants représentant chacun un dividende imposable reçu sur l’action après ce moment et attribué par la fiducie, en application du paragraphe 104(19), à un bénéficiaire qui était une société, une société de personnes ou une fiducie. Perte sur une action détenue par une fiducie — dividendes exclus (3.31) Un dividende désigné reçu par une fiducie n’est pas inclus selon le sous-alinéa (3.2)(a)(i), l’alinéa (3.2)(b) (dans le mesure où il s’agit d’un dividende en capital d’assurance-vie) ou le sous-alinéa (3.3)(a)(ii) si la fiducie établit que le dividende, à la fois : a) a été reçu : (i) dans le cas où il a été attribué par la fiducie, en application des paragraphes 104(19) ou (20), à un des bénéficiaires de la fiducie, la fiducie, le bénéficiaire et des personnes avec lesquelles celui-ci avait un lien de dépendance n’étaient pas propriétaires, au total, de plus de 5 % des actions émises d’une catégorie du capital-actions de la société qui a versé le dividende; (ii) dans les autres cas, à un moment où la fiducie et des personnes avec lesquelles elle avait un lien de dépendance n’étaient pas propriétaires, au total, de plus de 5 % des actions émises d’une catégorie du capital-actions de la société qui a versé le dividende; (ii) a dividend (other than a taxable dividend). Perte sur une action détenue par une fiducie — dividendes exclus (3.32) Un dividende désigné qui est un dividende imposable reçu sur une action et qui est attribué par une fiducie, en application du paragraphe 104(19), à un bénéficiaire qui était une société, une société de personnes ou une fiducie n’est pas inclus en vertu des alinéas (3.2)(b) ou (3.3)(b) si la fiducie établit qu’il a été reçu par un particulier autre qu’une fiducie ou a été reçu, à la fois : a) au moment où la fiducie, le bénéficiaire et des personnes avec lesquelles celui-ci avait un lien de dépendance n’étaient pas propriétaires, au total, de plus de 5 % des actions émises d’une catégorie du capital-actions de la société qui a versé le dividende; b) sur une action qui a appartenu à la fiducie tout au long de la période de 365 jours qui s’est terminée immédiatement avant la disposition. Perte sur une action qui n’est pas un immobilisation
The references in subsections (1), (3), (4) and (10) to “this Act” shall be read as references to “this Act or the Federal-Provincial Fiscal Arrangements Act”. Officers, etc., of corporations
Sous réserve des paragraphes (5.5) et (5.6), le montant de toute perte subie par un contribuable (sauf une fiducie) lors de la disposition d’une action du capital-actions d’une société qui est un bien, autre qu’un bien immobilisation, du contribuable est réputé égal au montant de cette perte, déterminé compte tenu du présent paragraphe, moins : a) dans le cas où le contribuable est un particulier et où la société réside au Canada, le total des dividendes qu’il a reçus sur l’action; b) dans le cas où le contribuable est une société de personnes, le total des dividendes qu’elle a reçus sur l’action; c) dans le cas où le contribuable est une société, le total des montants qu’il a reçus sur l’action représentant chacun : (i) un dividende imposable, jusqu’à concurrence de la fraction du dividende qui était déductible selon le présent article ou les paragraphes 115(1) ou 138(6) dans le calcul de son revenu imposable ou de son revenu imposable gagné au Canada, pour une année d’imposition, (ii) un dividende, sauf un dividende imposable. (ii) a dividend (other than a taxable dividend); Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1970-71-72, c. 63, s. 124.2. Power to decrease punishment
Impôt sur le revenu
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1970-71-72, c. 63, s. 124.3.
Offences and Punishment Procedure and Evidence
Paiements forfaitaires
Two or more offences
Perte sur une action détenue par une fiducie (4.2) Sous réserve des paragraphes (5.5) et (5.6), le montant de toute perte subie par une fiducie lors de la disposition d’une action qui est un bien, sauf une immobilisation, de la fiducie est réputé égal au montant de cette perte, déterminé compte non tenu du présent paragraphe, moins : a) le total des montants représentant chacun un dividende reçu par la fiducie sur l’action, dans la mesure où le montant n’a pas été attribué à l’un des bénéficiaires de la fiducie en application du paragraphe 104(20); b) le total des montants représentant chacun un dividende reçu sur l’action attribué par la fiducie à l’un des bénéficiaires en application des paragraphes 104(19) ou 104(20). Perte sur une action détenue par une fiducie — dividendes exclus (4.21) Un dividende désigné n’est pas inclus dans le total déterminé selon l’alinéa (4.2)a) si le contribuable établit qu’il a été reçu, à la fois : a) à un moment où la fiducie et des personnes avec lesquelles elle avait un lien de dépendance n’ont pas, à elles seules, détenu, au total, de plus de 5 % des actions émises d’une catégorie du capital-actions de la société qui a versé le dividende; b) sur une action qui a appartenu à la fiducie tout au long de la période de 365 jours qui s’est terminée immédiatement avant la disposition. Perte sur une action détenue par une fiducie — dividendes exclus (4.22) Un dividende désigné n’est pas inclus dans le total déterminé selon l’alinéa (4.2)b) si le contribuable établit qu’il a été reçu, à la fois : a) à un moment où la fiducie, le bénéficiaire et des personnes avec lesquelles celui-ci avait un lien de dépendance n’ont pas, à elles seules, détenu, au total, de plus de 5 % des actions émises d’une catégorie du capital-actions de la société qui a versé le dividende; (4.3) [Repealed, 1998, c. 19, s. 131] (ii) a dividend on the share under subsection 84(3). (a) the disposition is an actual disposition; Adjustment re dividends A + B - (C - D) where b) sur une action qui a appartenu à la fiducie tout au long de la période de 365 jours qui s’est terminée immédiatement avant la disposition. (4.3) [Abrogé, 1998, ch. 19, art. 131] Disposition d’une action par une institution financière
An information or complaint in respect of an offence under this Act may be for one or more offences and no information, complaint, warrant, conviction or other proceeding in a prosecution under this Act is objectionable or insufficient by reason of the fact that it relates to two or more offences. Venue
Le paragraphe (5.2) s’applique à la disposition d’une action par un contribuable au cours d’une année d’imposition lorsque les conditions suivantes sont réunies : a) le contribuable est une institution financière au cours de l’année; b) l’action est un bien évalué à la valeur du marché pour l’année; c) le contribuable a reçu : (i) soit un dividende sur l’action au moment où il détenait, avec des personnes avec lesquelles il avait un lien de dépendance, plus de 5 %, au total, des actions émises d’une catégorie du capital-actions de la société de laquelle le dividende a été reçu, (ii) soit un dividende sur l’action en vertu du paragraphe 84(3). Action détenue pendant moins d’un an (5.1) Le paragraphe (5.2) s’applique à la disposition d’une action par un contribuable au cours d’une année d’imposition lorsque les conditions suivantes sont réunies : a) il s’agit d’une disposition réelle; b) le contribuable n’a pas détenu l’action tout au long de la période de 365 jours qui s’est terminée immédiatement avant la disposition; c) l’action était un bien évalué à la valeur du marché du contribuable pour une année d’imposition qui commence après octobre 1994 et au cours de laquelle le contribuable était une institution financière. Redressement pour dividendes (5.2) Sous réserve du paragraphe (5.3), dans le cas où le présent paragraphe s’applique, par l’effet des paragraphes (5) ou (5.1), à la disposition d’une action par un contribuable à un moment donné, le produit de disposition pour le contribuable est réputé égal au résultat du calcul suivant : A + B - (C - D) où : A B is (A) paragraphs 87(2.2)(e.2) and (e.4), 88(1)(c), 138(11.5)(e) and 142.5(2)(b), (C) paragraph 142.6(1)(d), and C Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
An information or complaint in respect of an offence under this Act may be heard, tried or determined by any court, judge or justice if the accused is resident, carrying on business, found or apprehended or is in custody within the territorial jurisdiction of the court, judge or justice, as the case may be, although the matter out of the information or complaint did not arise within that jurisdiction.
Subsection (5.2) — excluded dividends Adjustment not applicable Deemed dispositions Impôt sur le revenu
An information or complaint under the provisions of the Criminal Code relating to summary convictions, in respect of an offence under this Act, may be laid or made at any time within but not later than 8 years after the day on which the matter of the information or complaint arose. Proof of service by mail
Where, by this Act or a regulation, provision is made for sending by mail a request for information, notice or demand, an affidavit of an officer of the Canada Revenue Agency, sworn before a commissioner or other person authorized to take affidavits, setting out that the officer has knowledge of the facts in the particular case, that such a request, notice or demand was sent by registered letter on a named day to the person to whom it was addressed (indicating the address) and that the officer identifies as exhibits attached to the affidavit the post office certificate of registration of the letter or a true copy of the relevant portion thereof and a true copy of the request, notice or demand, shall, in the absence of proof to the contrary, be received as evidence of the sending and of the request, notice or demand. Proof of personal service
Paiements forfaitaires
Where, by this Act or a regulation, provision is made for personal service of a request for information, notice or demand, an affidavit of an officer of the Canada Revenue Agency, sworn before a commissioner or other person authorized to take affidavits, setting out that the officer has knowledge of the facts in the particular case, that such a request, notice or demand was served personally on a named day on the person to whom it was directed and that the officer identifies as an exhibit attached to the affidavit a true copy of the request, notice or demand, shall, in the absence of proof to the contrary, be received as evidence of the personal service and of the request, notice or demand. (6.1) If, by this Act or a regulation, provision is made for sending a notice to a person electronically, an affidavit of an officer of the Canada Revenue Agency sworn before a commissioner or other person authorized to take affidavits, shall, in the absence of proof to the contrary, be received as evidence of the sending and of the notice if the affidavit sets out that (a) the officer has knowledge of the facts in the particular case; (b) the notice was sent electronically to the person on a named day; and (c) the officer identifies as exhibits attached to the affidavit copies of (i) an electronic message confirming the notice has been sent to the person, and (ii) the notice. Proof of failure to comply
c) si le contribuable est une société de personnes, le montant appliqué en réduction, par l’effet des paragraphes (3.1) ou (4), d’une perte qu’un associé de la société de personnes a subie lors d’une disposition réputée de l’action avant le moment donné; D le total des montants représentant chacun le montant appliqué en réduction, par l’effet du présent paragraphe, du produit de disposition que le contribuable a obtenu lors d’une disposition réputée de l’action avant le moment donné. Dividendes exclus — paragraphe (5.2) (5.21) Un dividende, sauf un dividende reçu en vertu du paragraphe 84(3), n’est inclus dans le total déterminé selon le sous-alinéa b)(ii) de l’élément B de la formule figurant au paragraphe (5.2) que si, selon le cas : a) le dividende a été reçu au moment où le contribuable et des personnes avec lesquelles il avait un lien de dépendance détenaient, au total, plus de 5 % des actions émises d’une catégorie du capital-actions de la société qui a versé le dividende; b) l’action n’a pas été détenue par le contribuable tout au long de la période de 365 jours qui s’est terminée immédiatement avant la disposition. Redressement inapplicable (5.3) Pour calculer le coût, pour un contribuable, d’une action qui est réputée avoir été acquise de nouveau après avoir fait l’objet d’une disposition réputée, le produit de disposition de l’action pour le contribuable est déterminé compte non tenu du paragraphe (5.2). Présomption de disposition (5.4) Les règles suivantes s’appliquent dans le cas où un contribuable dispose d’une action à un moment donné : a) pour déterminer si le paragraphe (5.2) s’applique à la disposition, les conditions énoncées aux paragraphes (5) et (5.1) s’appliquent compte non tenu des dispositions et des nouvelles acquisitions dont l’action est réputée avoir fait l’objet avant ce moment; b) les totaux prévus au paragraphe (5.2) relativement à la disposition sont déterminés à partir du moment où le contribuable a réellement acquis l’action. Règles sur la minimisation des pertes inapplicables (5.5) Les paragraphes (3) à (4) et (4.2) ne s’appliquent pas à la disposition d’une action effectuée par un contribuable au cours d’une année d’imposition qui commence après octobre 1994 si, selon le cas : (b) subsection 112(5.2) applies to the disposition. (5.6) In determining whether any of subsections 112(3) to 112(4) and 112(4.2) apply to reduce a loss of a taxpayer from the disposition of a share, that loss shall be read without reference to paragraphs 112(3.01)(b) and 112(3.1)(b), subclauses 112(3.2)(a)(ii)(C)(I) and 112(3.3)(a)(ii)(C)(I) and paragraphs 112(3.31)(b), 112(3.32)(b), 112(4.01)(b), 112(4.21)(b) and 112(4.22)(b) where (a) the disposition occurs Meaning of certain expressions a) l’action est un bien évalué à la valeur du marché pour l’année et le contribuable est une institution financière pendant l’année; b) le paragraphe (5.2) s’applique à la disposition. Application restreinte des règles sur la minimisation des pertes (5.6) Il n’est pas tenu compte des alinéas (3.01)(b) et (3.1)(b), des subdivisions (3.2)(a)(ii)(C)(I) et (3.3)(a)(ii)(C)(I) et des alinéas (3.31)(b), (3.32)(b), (4.01)(b), (4.21)(b) et (4.22)(b) pour déterminer si les paragraphes (3) à (4) et (4.2) ont pour effet de réduire une perte qu’un contribuable a subie de la disposition d’une action, lorsque, selon le cas : a) la disposition est effectuée par l’effet : (i) soit du paragraphe 142.5(2) au cours d’une année d’imposition qui comprend le 31 octobre 1994, (ii) soit de l’alinéa 142.6(1)(b) après le 30 octobre 1994; b) l’action est un bien évalué à la valeur du marché du contribuable pour une année d’imposition qui commence après octobre 1994 et au cours de laquelle il est une institution financière. Sens de certaines expressions
Where, by this Act or a regulation, a person is required to make a return, statement, answer or certificate, an affidavit of an officer of the Canada Revenue Agency, sworn before a commissioner or other person authorized to take affidavits, setting out that the officer has charge of the appropriate records and that after a careful examination and search of those records the officer has been unable to find in a given case that the return, statement, answer or certificate, as the case may be, has been made by that person, shall, in the absence of proof to the contrary, be received as evidence that in that case that person did not make the return, statement, answer or certificate, as the case may be.
Pour l’application du présent article : a) ne sont pas compris parmi les dividendes ou les dividendes imposables les dividendes sur les gains en capital au sens du paragraphe 131(1), ni les dividendes qu’un contribuable a reçus et sur lesquels il était tenu de payer l’impôt prévu à la partie VII de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, en son état au 31 mars 1977; b) une société est contrôlée par une autre société si plus de 50 % des actions émises de son capital-actions (comportant plein droit de vote en toutes circonstances) appartiennent à l’autre société, à des personnes avec lesquelles l’autre société a un lien de dépendance, ou à la fois à l’autre société et à des personnes avec lesquelles l’autre société a un lien de dépendance; c) les expressions bien à évaluer, bien évalué à la valeur du marché et institution financière s’entendent au sens du paragraphe 142.2(1). Interpretation — qualified dividend --- Dividende désigné (6.1) Pour l’application du présent article, un dividende sur une action est un dividende désigné dans la mesure où : a) il est un dividende autre qu’un dividende reçu en vertu du paragraphe 84(3); b) il est reçu en vertu du paragraphe 84(3) et l’un ou l’autre des faits ci-après se vérifie : (i) si l’action est détenue par un particulier autre qu’une fiducie, le dividende est reçu par le particulier, (ii) si l’action est détenue par une société, le dividende est reçu par la société à un moment où elle est une société privée et il est versé par une autre société privée, (iii) si l’action est détenue par une fiducie, le dividende est : (A) soit reçu par la fiducie, (B) soit attribué par la fiducie en application du paragraphe 104(19) à un bénéficiaire qui est : (I) un particulier autre qu’une fiducie, (II) une société privée au moment où il reçoit le dividende et celui-ci est versé par une autre société privée, (III) une autre fiducie qui n’attribue pas le dividende en application du paragraphe 104(19), (IV) une société de personnes dont l’ensemble des associés sont, au moment où le dividende est reçu, des personnes visées aux subdivisions (I) à (III), (C) soit attribué par la fiducie en application du paragraphe 104(19) à un bénéficiaire qui est une autre fiducie ou une société de personnes et la fiducie établit que le dividende est reçu par une personne visée à l’une des subdivisions (B)(I) à (III), (iv) si l’action est détenue par une société de personnes, le dividende est : (A) soit inclus dans le revenu d’un associé d’une société de personnes, lequel associé est : (I) un particulier, Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments
Where, by this Act or a regulation, a person is required to make a return, statement, answer or certificate, an affidavit of an officer of the Canada Revenue Agency, sworn before a commissioner or other person authorized to take affidavits, setting out that the officer has charge of the appropriate records and that after careful examination of those records the officer has found that the return, statement, answer or certificate was filed or made on a particular day, shall, in the absence of proof to the contrary, be received as evidence that it was filed or made on that day and not prior thereto.
Synthetic disposition — holding period Impôt sur le revenu
An affidavit of an officer of the Canada Revenue Agency, sworn before a commissioner or other person authorized to take affidavits, setting out that the officer has charge of the appropriate records and that a document annexed to the affidavit is a document or true copy of a document, or a print-out of an electronic document, made by or on behalf of the Minister or a person exercising a power of the Minister or by or on behalf of a taxpayer, is evidence of the nature and contents of the document. Proof of no appeal
An affidavit of an officer of the Canada Revenue Agency, sworn before a commissioner or other person authorized to take affidavits, setting out that the officer has charge of the appropriate records and has knowledge of the practice of the Agency and that an examination of those records shows that a notice of assessment for a particular taxation year or a notice of determination was mailed or otherwise communicated to a taxpayer on a particular day under this Act and that, after careful examination and search of those records, the officer has been unable to find that a notice of objection or of appeal from the assessment or determination or a request under subsection 245(6), as the case may be, was received within the time allowed, shall, in the absence of proof to the contrary, be received as evidence of the statements contained in it.
Paiements forfaitaires
Where evidence is offered under this section by an affidavit from which it appears that the person making the affidavit is an officer of the Canada Revenue Agency, it is not necessary to prove the person’s signature or that the person is such an officer nor is it necessary to prove the signature or official character of the person before whom the affidavit was sworn.
(II) une société privée au moment où il reçoit le dividende et celui-ci est versé par une autre société privée, (B) soit attribué, en application du paragraphe 104(19), par un associé d’une société de personnes qui est une fiducie à un bénéficiaire visé à l’une des subdivisions (iii)(B)(I) à (IV) ou à la division (iii)(C). Échange d’actions
Judicial notice shall be taken of all orders or regulations made under this Act without those orders or regulations being specially pleaded or proven.
Dans le cas où une action (appelée « nouvelle action » au présent paragraphe) est acquise en échange d’une autre action (appelée « ancienne action » au présent paragraphe) dans le cadre d’une opération à laquelle s’appliquent les articles 51, 85.1, 86 ou 87, la nouvelle action est réputée, pour l’application de ces paragraphes (3) à (3.32) à sa disposition, être la même action que l’ancienne action. Toutefois : a) tout dividende reçu sur l’ancienne action est réputé, pour l’application de ces mêmes paragraphes, n’avoir été reçu sur la nouvelle action que dans la mesure de la proportion du dividende représentée par le rapport entre : (i) d’une part, le prix de base rajusté de la nouvelle action pour l’actionnaire immédiatement après l’échange, (ii) d’autre part, le prix de base rajusté, pour l’actionnaire, de l’ensemble des nouvelles actions immédiatement après l’échange qui ont été acquises en échange de l’ancienne action; b) le montant qui est appliqué, par l’effet du présent paragraphe, en réduction d’une perte subie lors de la disposition de la nouvelle action ne peut dépasser le produit de la multiplication du prix de base rajusté de l’ancienne action pour l’actionnaire immédiatement avant l’échange par le rapport entre : (i) d’une part, le prix de base rajusté de la nouvelle action pour l’actionnaire immédiatement après l’échange, (ii) d’autre part, le prix de base rajusté, pour l’actionnaire, de l’ensemble des nouvelles actions immédiatement après l’échange qui ont été acquises en échange de l’ancienne action. Disposition factice — période de détention
Every document purporting to have been executed under, or in the course of the administration or enforcement of, this Act over the name in writing of the Minister, the Deputy Minister of National Revenue, the Commissioner of Customs and Revenue, the Commissioner of Revenue or an officer authorized to exercise a power or perform a duty of the Minister under this Act is deemed to have been signed, made and issued by the Minister, the Deputy Minister, the Commissioner of Customs and Revenue, the Commissioner of Revenue or the officer unless it has been called in question by the Minister or by a person acting for the Minister or Her Majesty.
Si un arrangement de disposition factice est conclu relativement à un bien appartenant à un contribuable et que la période de disposition factice relative à cet arrangement dure 30 jours ou plus, pour l’application des Exception Exception Application Application NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations. R.S., 1985, c. 1 (5th Supp.), s. 112; 1994, c. 7, Sch. II, s. 4; c. 21, s. 51; 1995, c. 21, s. 16; 1998, c. 19, s. 131; 2001, c. 17, ss. 88, 251; 2007, c. 35, s. 86; 2011, c. 24, ss. 22, 203; 2013, c. 34, s. 422; c. 40, s. 418; 2014, c. 39, s. 81; 2016, c. 7, s. 44; 2017, c. 33, s. 415; 2019, c. 29, s. 130; 2022, c. 15, s. 28. la part du contribuable de la perte de société de personnes n’a pas antérieurement eu pour effet de réduire le coût, pour lui, de la participation dans la société de personnes par l’application du présent paragraphe. Application
For the purposes of this Act, where any notice or notification described in subsection 149.1(6.3), 152(3.1), 165(3) or 166.1(5) or any notice of assessment or determination is mailed, or sent electronically, it shall be presumed to be mailed or sent, as the case may be, on the date of that notice or notification. (14.1) If a notice or other communication in respect of an individual, other than a notice or other communication that refers to the business number of a person or partnership, is made available in electronic format such that it can be read or perceived by an individual or a computer system or other similar device, the notice or other communication is presumed to be sent to the individual and received by the individual on the date that an electronic message is sent, to the electronic address most recently provided by the individual to the Minister for the
Pour l’application du paragraphe (11), si un contribuable dispose d’une participation dans une société de personnes à un moment donné, sa part d’une perte de société de personnes est calculée comme si, à la fois : a) l’exercice de chaque société de personnes dont le contribuable est directement ou indirectement un associé avait pris fin immédiatement avant le moment qui précède immédiatement le moment donné; b) les actions du capital-actions d’une société qui étaient des biens d’une société de personnes visée à l’alinéa a) au moment donné avaient fait l’objet d’une disposition par la société de personnes en cause immédiatement avant la fin de cet exercice pour un produit égal à leur juste valeur marchande au moment donné; c) il était attribué à chaque associé d’une société de personnes visée à l’alinéa a) une part de toute perte (calculée compte non tenu des paragraphes (3.1), (4) et (5.2)) relativement à une disposition visée à l’alinéa b) qui est déterminée selon la proportion déterminée de l’associé pour l’exercice visé à l’alinéa a). Application
Procedure and Evidence purposes of this subsection, informing the individual that a notice or other communication requiring the individual's immediate attention is available in the individual's secure electronic account. A notice or other communication is considered to be made available if it is posted by the Minister in the individual's secure electronic account and the individual has authorized that notices or other communications may be made available in this manner and has not before that date revoked that authorization in a manner specified by the Minister. (14.2) A notice or other communication that is made available in electronic format such that it can be read or perceived by an individual or a computer system or other similar device, and that refers to the business number of a person or partnership, is presumed to be sent to the person or partnership and received by the person or partnership on the date that it is posted by the Minister in the secure electronic account in respect of a business number of the person or partnership, unless the person or partnership has requested, 30 days prior to that date, in a manner specified by the Minister, that the notice or other communication be sent by mail. Date when assessment made
Pour l’application du paragraphe (11), si un contribuable (appelé « cessionnaire » au présent paragraphe) acquiert, à un moment donné, d’un autre contribuable (appelé « cédant » au présent paragraphe), une participation dans une société de personnes, il est ajouté dans le calcul du coût de la participation pour le cessionnaire une somme égale au total des montants dont chacun est l’excédent du coût de la participation pour le cédant par l’application du paragraphe (11), sauf une somme à laquelle le paragraphe (3.1) s’appliquerait. NOTE : Les dispositions d’application ne sont pas incluses dans le présent codifié; voir les lois et règlements modificatifs appropriés. L.R. (1985), ch. 1 (5e suppl.), art. 112; 1994, ch. 7, ann. II, art. 4; ch. 21, art. 51; 1995, ch. 21, art. 16; 1998, ch. 19, art. 131; 2001, ch. 17, art. 88 et 251; 2007, ch. 35, art. 86; 2011, ch. 24, art. 22 et 203; 2013, ch. 34, art. 422; ch. 40, art. 418; 2014, ch. 39, art. 81; 2016, ch. 7, art. 44; 2017, ch. 33, art. 415; 2019, ch. 29, art. 130; 2022, ch. 15, art. 28. Déduction au titre d’un dividende reçu d’une société étrangère affiliée 113 (1) Une société résidant au Canada qui, au cours d’une année d’imposition, a reçu un dividende sur une action lui appartenant du capital-actions d’une société étrangère affiliée de cette société peut déduire de son revenu imposable pour cette année, le total des sommes suivantes : (ii) the lesser of (A) the total of exceeds exceeds a) la fraction du dividende qui est, par règlement, considérée comme ayant été prélevée sur le surplus exonéré défini par règlement (appelé « surplus exonéré » à la présente partie) de la société affiliée; a.1) une somme égale au total des sommes suivantes : (i) la moitié de la partie du dividende qui est considérée, par règlement, comme ayant été prélevée sur le surplus hybride défini par règlement (appelé « surplus hybride » dans la présente partie) de la société affiliée, (ii) la moins élevée des sommes suivantes : (A) le total des résultats suivants : (I) le résultat de la multiplication de l’impôt étranger qui est considéré, par règlement, comme étant applicable à la partie du dividende visée au sous-alinéa (i) par l’excédent de la fraction visée à la sous-subdivision 1 sur celle visée à la sous-subdivision 2 : 1 le facteur fiscal approprié applicable à la société pour l’année, 2 une demie, (II) le résultat de la multiplication de la somme visée à la sous-subdivision 1 par la fraction visée à la sous-subdivision 2 : 1 l’impôt sur le revenu net provenant d’une entreprise payé par la société et applicable à la partie du dividende visée au sous-alinéa (i), 2 le facteur fiscal approprié applicable à la société pour l’année, (B) la somme déterminée selon le sous-alinéa (i); b) le moindre des montants suivants : (i) le produit de la multiplication de l’impôt étranger qui est, par règlement, considéré comme applicable à la fraction du dividende qui est, par règlement, considérée comme ayant été prélevée sur le surplus imposable défini par règlement (appelé « surplus imposable » à la présente partie) de la société affiliée, par l’excédent de l’élément visé à la division (A) sur l’élément visé à la division (B) : (A) le facteur fiscal approprié applicable à la société pour l’année, Income Tax PART I Income Tax DIVISION D Computation of Taxable Income Lump-sum Payments
If any notice of assessment or determination has been sent by the Minister as required by this Act, the assessment or determination is deemed to have been made on the day of sending of the notice of the assessment or determination.
Impôt sur le revenu
Every form purporting to be a form prescribed or authorized by the Minister shall be deemed to be a form authorized under this Act by the Minister unless called in question by the Minister or by a person acting for the Minister or Her Majesty. Proof of return in prosecution for offence
In any prosecution for an offence under this Act, the production of a return, certificate, statement or answer required by or under this Act or a regulation, purporting to have been filed or delivered by or on behalf of the person charged with the offence or to have been made or signed by or on behalf of that person shall, in the absence of proof to the contrary, be received as evidence that the return, certificate, statement or answer was filed or delivered, or was made or signed, by or on behalf of that person. Idem, in proceedings under Division J of Part I
Paiements forfaitaires
In any proceedings under Division J of Part I, the production of a return, certificate, statement or answer required by or under this Act or a regulation, purporting to have been filed or delivered, or to have been made or signed, by or on behalf of the taxpayer shall, in the absence of proof to the contrary, be received as evidence that the return, certificate, statement or answer was filed or delivered, or was made or signed, by or on behalf of the taxpayer.
(B) l’unité, (iii) cette fraction du dividende; c) le moindre des montants suivants : (i) le produit de la multiplication des éléments suivants : (A) l’impôt sur le revenu ne provenant pas d’une entreprise, versé par la société et applicable à la fraction du dividende qui est, par règlement, considérée comme ayant été prélevée sur le surplus imposable de la société affiliée, (B) le facteur fiscal approprié applicable à la société pour l’année, (ii) l’excédent de la fraction du dividende qui est, par règlement, considérée comme ayant été prélevée sur le surplus imposable de la société affiliée sur la déduction à l’égard de ce dividende visée à l’alinéa b); d) la fraction du dividende qui est, par règlement, considérée comme ayant été prélevée sur le surplus antérieur à l’acquisition de la société affiliée. Pour l’application du présent paragraphe et de la sous-section I de la section B, la société peut faire tout choix visé par règlement. Déductions supplémentaires
In any prosecution for an offence under this Act, an affidavit of an officer of the Canada Revenue Agency, sworn before a commissioner or other person authorized to take affidavits, setting out that the officer has charge of the appropriate records and that an examination of those records shows that an amount required under this Act to be remitted to the Receiver General on account of tax for a year has not been received by the Receiver General shall, in the absence of proof to the contrary, be received as evidence of the statements contained therein. Members of partnerships
Lorsque, à un moment donné au cours d’une année d’imposition se terminant après 1975, une société qui réside au Canada a reçu un dividende sur une action qui lui appartenait à la fin de son année d’imposition 1975 et qui faisait partie du capital-actions d’une société étrangère affiliée de la société, peut être déduite du revenu de la société pour l’année, pour le calcul de son revenu imposable pour l’année, une somme relative au dividende, égale au moins élevé des montants suivants : a) l’excédent éventuel du montant du dividende ainsi reçu sur le total des montants suivants : (i) la déduction relative au dividende permise par le paragraphe 91(5) dans le calcul du revenu de la société pour l’année, (ii) la déduction relative au dividende permise par le paragraphe (1) à l’égard du revenu de la société pour l’année, pour le calcul de son revenu imposable; b) l’excédent éventuel : Definitions foreign expense restriction rule has the same meaning as in subsection 18.4(1). (règle étrangère de restriction des dépenses) foreign hybrid mismatch rule has the same meaning as in subsection 18.4(1). (règle étrangère d’asymétrie hybride) foreign taxation year of an entity has the same meaning as in subsection 18.4(1). (année d’imposition étrangère) (i) du prix de base rajusté de l’action, pour la société, à la fin de son année d’imposition 1975, sur le total des éléments suivants : (iii) les montants relatifs aux dividendes, reçus par la société sur l’action après la fin de son année d’imposition 1975 et avant le moment donné, et déductibles en vertu de l’alinéa (1)d) dans le calcul du revenu imposable de la société pour les années d’imposition se terminant après 1975, (iii.1) le total des montants reçus par la société sur l’action, après la fin de son année d’imposition 1975 et avant le moment donné, à savoir : (A) d’une réduction, effectuée avant le 20 août 2011, du capital versé de la société étrangère affiliée au titre de l’action, (B) d’une réduction, effectuée après le 19 août 2011, du capital versé de la société étrangère affiliée au titre de l’action qui constitue un remboursement de capital admissible, au sens du paragraphe 90(3), relativement à l’action, (iv) le total des montants déduits en vertu du présent paragraphe à l’égard des dividendes reçus sur l’action par la société avant le moment donné. Définitions
For the purposes of this Act, (a) a reference in any notice or other document to the firm name of a partnership shall be read as a reference to all the members thereof; and (b) any notice or other document shall be deemed to have been provided to each member of a partnership if the notice or other document is mailed to, served on or otherwise sent to the partnership (i) at its latest known address or place of business, or (ii) at the latest known address (A) where it is a limited partnership, of any member thereof whose liability as a member is not limited, or (B) in any other case, of any member thereof.
Les définitions qui suivent s’appliquent au présent article. année d’imposition étrangère S’agissant d’une entité, s’entend au sens du paragraphe 18.4(1). (foreign taxation year) déductible À l’égard d’une somme relativement à un paiement, dans le calcul des revenus ou bénéfices étrangers pertinents, s’entend au sens du paragraphe 18.4(1). (deductible) entité S’entend au sens du paragraphe 95(1). (entity) facteur fiscal approprié S’entend au sens du paragraphe 95(1). (relevant tax factor) impôt sur le revenu ne provenant pas d’une entreprise S’entend au sens du paragraphe 126(7). (non-business-income tax) participation au capital S’entend au sens du paragraphe 18.4(1). (equity interest) non-business-income tax paid by a taxpayer has the meaning assigned by subsection 126(7); (impôt sur le revenu ne provenant pas d’une entreprise) relevant foreign income or profits of an entity for a foreign taxation year has the same meaning as in subsection 18.4(1). (revenus ou bénéfices étrangers pertinents) relevant tax factor has the meaning assigned by subsection 95(1). (facteur fiscal approprié) règle étrangère d’asymétrie hybride S’entend au sens du paragraphe 18.4(1). (foreign hybrid mismatch rule) règle étrangère de restriction des dépenses S’entend au sens du paragraphe 18.4(1). (foreign expense restriction rule) revenus ou bénéfices étrangers pertinents S’agissant d’une entité pour une année d’imposition étrangère, s’entend au sens du paragraphe 18.4(1). (relevant foreign income or profits) Fraction du dividende réputée payée sur le surplus exonéré
For the purposes of this Act, a document presented by the Minister purporting to be a print-out of the
La fraction du dividende reçu, à un moment donné d’une année d’imposition, par une société résidant au Canada sur une action lui appartenant du capital-actions d’une société étrangère affiliée de la société et qui, reçue entre la fin de l’année d’imposition 1971 de cette société affiliée et le début de son année d’imposition 1976 et qui excède le montant déductible au titre du dividende en vertu de l’alinéa (1)d), dans le calcul du revenu imposable de la société pour l’année, est réputée, pour l’application de l’alinéa (1)a), être la fraction du dividende prescrite comme ayant été payée sur le surplus exonéré de la société étrangère affiliée. Limitation de la déduction
Procedure and Evidence information in respect of a taxpayer received under sec- tion 150.1 by the Minister from a person shall be received as evidence and, in the absence of evidence to the con- trary, is proof of the return filed by the person under that section.
Toute somme qui, en l’absence du présent paragraphe, serait un dividende reçu par une société résidant au Canada sur une action lui appartenant du capital-actions d’une société étrangère affiliée de la société est réputée, pour l’application du présent article, à l’exception du présent paragraphe, ne pas être un dividende reçu par la société sur une action du capital-actions de la société étrangère affiliée, dans la mesure où le total des montants dont chacun, relativement au dividende, selon le cas : a) représente un montant qui est déductible, ou dont il raisonnable de s’attendre à ce qu’il le soit, dans le calcul des montants suivants, selon le cas : (i) les revenus ou bénéfices étrangers pertinents, pour une année d’imposition étrangère, de ce qui suit : (A) soit la société affiliée, (B) soit une autre entité (autre que la société) du fait que celle-ci détient une participation directe ou indirecte dans la société affiliée, (ii) les revenus ou bénéfices de la société affiliée qui sont pris en compte dans le calcul des revenus ou Income Tax PART I Income Tax DIVISION C Computation of Taxable Income Lump-sum Payments Sections 113-114 A × B where Filing Requirement [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 113; 2013, c. 34, ss. 72, 243; 2024, c. 15, s. 29. Impôt sur le revenu
Where a person who is required by this Act or a reg- with the Minister meets the criteria specified in writing by the Minister, the person may at any time file the informa- (within the meaning assigned by subsection 150.1(1)) and the person shall be deemed to have filed the infor- mation return with the Minister at that time, and a docu- ment presented by the Minister purporting to be a print- out of the information so received by the Minister shall be received as evidence and, in the absence of evidence to the contrary, is proof of the information return so deemed to have been filed. [NOTE: Application provisions are not included in the consolidated text; see relevant Reporting of Electronic Funds Transfer
cash means coins referred to in section 7 of the Curren- cy Act, notes issued by the Bank of Canada pursuant to the Bank of Canada Act that are intended for circulation in Canada or coins or bank notes of countries other than casino means (a) the government of a province that, in accordance (i) in a permanent establishment that is held out to be a casino, conducts and manages a lottery scheme that includes games of roulette or card games, or (ii) in any other permanent establishment, con- ducts and manages games that are operated on or through a slot machine, as defined in subsection 207(4.01) of that Act, or any other similar electronic gaming device, if there are more than 50 of those machines or other devices in the establishment; (b) the government of a province that, in accordance with paragraph 207(1)(a) of the Criminal Code, conducts and manages a lottery scheme, other than bingo or the sale of lottery tickets, that is accessible to the public through the Internet or other digital network, except if the network is an internal network within an establishment referred to in subparagraph (a)(ii); (c) an organization that, in accordance with paragraph 207(1)(b) of the Criminal Code, in a permanent establishment that is held out to be a casino, conducts and manages a lottery scheme that includes games of roulette or card games, unless the organization is a registered charity and the lottery scheme is conducted or managed for a period of not more than two consecutive days at a time; and (d) the board of a fair or of an exhibition, or the operator of a concession leased by such a board, that, in accordance with paragraph 207(1)(c) of the Criminal Code, in a permanent establishment that is held out to be a casino, conducts and manages a lottery scheme that includes games of roulette or card games. (casino) client means a particular entity that engages in a financial transaction or activity with a reporting entity and includes an entity on whose behalf the particular entity is acting. (client) credit union central means a central cooperative credit society, as defined in section 2 of the Cooperative Credit Associations Act, or a credit union central or a federation of credit unions or caisses populaires that is regulated by a provincial Act other than one enacted by the legislature of Quebec. (centrale de caisses de crédit) electronic funds transfer means the transmission — through any electronic, magnetic or optical device, telephone instrument or computer — of instructions for the transfer of funds, other than the transfer of funds within Canada. In the case of Society for Worldwide Interbank Financial Telecommunication messages, only SWIFT MT 103 messages are included. (télévirement) entity means an individual, a body corporate, a partnership, a fund or an unincorporated association or organization. (entité) funds means cash, currency or securities, or negotiable instruments or other financial instruments, in any form, that indicate an entity’s title or interest, or for civil law a right, in them. (fonds) money services business means an entity (a) that has a place of business in Canada and that is engaged in the business of providing at least one of the following services: (i) foreign exchange dealing, (ii) remitting funds or transmitting funds by any means or through any entity or electronic funds transfer network, (iv) dealing in virtual currencies, as defined by regulation, or (b) that does not have a place of business in Canada, that is engaged in the business of providing at least one of the following services that is directed at entities in Canada, and that provides those services to their customers in Canada: (i) foreign exchange dealing, (ii) remitting funds or transmitting funds by any means or through any entity or electronic funds transfer network, (iv) dealing in virtual currencies, as defined by regulation, or reporting entity means an entity that is (a) an authorized foreign bank within the meaning of section 2 of the Bank Act in respect of its business in Canada, or a bank to which that Act applies; (b) a cooperative credit society, savings and credit union or caisse populaire regulated by a provincial Act; (c) a financial services cooperative regulated by An Act respecting financial services cooperatives, R.S.Q., c. C-67.3, or An Act respecting the Mouvement Desjardins, S.Q. 2000, c. 77; (e) a company to which the Trust and Loan Companies Act applies; (f) a trust company regulated by a provincial Act; (g) a loan company regulated by a provincial Act; (h) a money services business; (i) a casino, including a casino owned or controlled by Her Majesty; (j) a department or an agent of Her Majesty in right of Canada or of a province that is engaged in the business of accepting deposit liabilities in the course of providing financial services to the public; or (k) a credit union central in respect of financial services it offers to an entity, other than an entity that is referred to in any of paragraphs (a) to (g) and (j) and is a member of the credit union central. (entité déclarante)
Paiements forfaitaires
(a) the sending out of Canada, at the request of a client, of an electronic funds transfer of $10,000 or more in the course of a single transaction; or (b) the receipt from outside Canada of an electronic funds transfer, sent at the request of a client, of $10,000 or more in the course of a single transaction. Transfer within Canada
b) serait, en l’absence d’une règle étrangère d’asymétrie hybride ou d’une règle étrangère de restriction des dépenses, visé à l’alinéa a). Déduction au titre d’impôts étrangers
For greater certainty and subject to subsection (3), subsection (1) does not apply to a reporting entity in respect of an electronic funds transfer if the entity (a) sends the transfer to an entity in Canada, even if the final recipient is outside Canada; or (b) receives the transfer from an entity in Canada, even if the initial sender is outside Canada.
Si, pour l’application du présent article (sauf le paragraphe (5)), la totalité ou une partie d’un montant donné est réputée par le paragraphe (5) ne pas être un dividende reçu par une société sur une part du capital-actions d’une société étrangère affiliée dans une année d’imposition de la société, une somme égale à la moins élevée des sommes ci-après peut être déduite du revenu pour l’année d’imposition de la société pour le calcul de son revenu imposable pour l’année : a) la somme donnée ou la partie de celle-ci, selon le cas; b) la somme obtenue par la formule suivante : A × B où : A représente l’impôt non prélevé sur le revenu d’entreprise payé par la société et applicable à la somme donnée ou à la partie de celle-ci, selon le cas, B le facteur fiscal approprié à la société pour l’année. Exigence relative à la production de déclarations de revenus
Subsection (1) applies to a reporting entity in respect of an electronic funds transfer if the entity (a) orders another reporting entity to send, at the request of a client, the transfer out of Canada, unless it provides the other reporting entity with the name and address of the client; or (b) receives the transfer for a beneficiary in Canada from another reporting entity in circumstances where the initial sender is outside Canada, unless the transfer contains the name and address of the beneficiary. Transfer conducted by agent
Chaque société est tenue de produire, avec sa déclaration de revenu pour une année d’imposition, un formulaire prescrit contenant les renseignements prescrits si, selon le paragraphe (5), une somme est réputée ne pas être un dividende que la société reçoit sur une action du capital-actions d’une société étrangère affiliée. [NOTE : Les dispositions d’application ne figurent pas dans le texte consolidé; voir les lois et règlements modificatifs appropriés.] L.R., 1985, ch. 1 (5e suppl.), art. 113; 2013, ch. 34, art. 72, 243; 2024, ch. 15, art. 29. Particulier résident au Canada pendant une partie de l’année seulement 114 Malgré le paragraphe 2(2), le revenu imposable pour une année d’imposition d’un particulier qui réside au Canada tout au long d’une partie de l’année mais qui, tout au long d’une autre partie de l’année, est un non-résident correspond à l’excédent éventuel du montant visé à l’alinéa a) : a) le montant qui correspondrait au revenu du particulier pour l’année s’il n’avait, pour la partie de l’année [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 114; 1994, c. 7, Sch. II, s. 85, c. 21, s. 52; 1995, c. 21, s. 37; 2001, c. 17, s. 89.]
If a particular reporting entity is an agent of or is authorized to act on behalf of another reporting entity in respect of an electronic funds transfer, subsection (1) applies, in respect of the transfer, to the other reporting entity and not to the particular reporting entity. Entities outside Canada
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 114.1; 2001, c. 17, s. 89.] Deductions in separate returns Income Tax PART I Income Tax DIVISION D Computation of Taxable Income Lump-sum Payments Sections 114.2-115 DIVISION D Impôt sur le revenu
Subsection (1) does not apply to an entity described in paragraph (b) of the definition money services business in respect of the services it provides to entities outside Canada. NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; 2014, c. 20, s. 29.
NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; 2014, c. 20, s. 29.
Paiements forfaitaires
are made within 24 consecutive hours and that total $1,000 or more are considered to be made in the course of a single transaction of $10,000 or more if (a) an individual, other than a trust, who is a reporting entity knows that the transfers are conducted by, or on behalf of, the same entity; and (b) an employee of a reporting entity, other than an entity described in paragraph (a), knows that the transfers are conducted by, or on behalf of, the same entity.
For greater certainty, subsection (1) does not apply in respect of an electronic funds transfer sent to two or more beneficiaries if the transfer is requested by (a) an administrator of a pension fund that is regulated by or under an Act of Parliament or of the legislature of a province; (b) a department or agent of Her Majesty in right of Canada or of a province; (c) an incorporated city, town, village, metropolitan authority, township, district, county, rural municipality or other incorporated municipal body or an agent of any of them; (d) an organization that operates a public hospital and that is designated by the Minister as a hospital authority under the Excise Tax Act, or an agent of such an organization; or (e) a corporation that has minimum net assets of $75 million on its last audited balance sheet, whose shares are traded on a Canadian stock exchange or a designated stock exchange and that operates in a country that is a member of the Financial Action Task Force on Money Laundering established in 1989. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2014, c. 20, s. 29.
Revenu imposable gagné au Canada par des non-résidents Revenu imposable au Canada des non-résidents 115 (1) Pour l’application de la présente loi, le revenu imposable gagné au Canada pour une année d’imposition d’une personne qui ne réside au Canada à aucun moment de l’année correspond à l’excédent éventuel du montant qui représenterait son revenu pour l’année selon l’article 3: a) si elle n’avait pas de revenu autre : (i) que les revenus tirés des fonctions de charges et d’emplois exercés par elle au Canada et, si elle résidait au Canada au moment où elle exerçait les fonctions, à l’extérieur du Canada, (ii) que les revenus tirés d’entreprises exploitées par elle au Canada qui, dans le cas de l’entreprise bancaire canadienne d’une banque étrangère autorisée, sont constitués, sous réserve de la présente partie, des bénéfices provenant de cette entreprise calculés d’après les états financiers de succursale (au sens du paragraphe 20.2(1)) de la banque, (iii) que des gains en capital tirés des dispositions indiquées à l’alinéa b), (iii.1) que l’excédent du montant qui elle doit, en vertu de l’alinéa 59.3(2)c), inclure dans son revenu pour l’année sur la fraction de ce montant qui était incluse dans le calcul du revenu qu’elle a tiré d’une entreprise exploitée par elle au Canada, (iii.2) que des montants qu’elle est tenue, en vertu de l’article 13, inclure dans le calcul du revenu qu’elle a tiré, au cours de l’année, de la disposition de biens dans la mesure où ces montants n’ont pas été inclus dans le calcul du revenu qu’elle a tiré d’une entreprise exploitée par elle au Canada, (iii.21) que le total des sommes représentant chacune une somme incluse en application du sous-alinéa 56(1)r)(v) ou de l’article 56.3 dans le calcul de son revenu pour l’année, (iii.22) que le total des sommes représentant chacune une somme incluse en application du sous-alinéa 56(1)(r)(iv.1) dans le calcul de son revenu pour l’année, (iii.3) dans le cas où, au cours de l’année, la personne non-résidente a exploité au Canada une entreprise visée à l’un des alinéas a) à g) de la définition de société exploitant une entreprise principale au paragraphe 66(15), que les montants relatifs à un avoir minier canadien qu’elle serait tenue d’inclure dans le calcul de son revenu pour l’année en vertu de la présente partie si elle avait résidé au Canada à un moment donné de l’année, dans la mesure où ces montants ne sont pas inclus dans le calcul de son revenu en vertu du sous-alinéa (ii) ou (iii.1), (iv) que l’excédent éventuel d’une somme à inclure, selon le paragraphe 106(2), dans le calcul de son revenu pour l’année comme produit de disposition d’une participation au revenu d’un fiducie qui réside au Canada sur le montant relatif à cette participation au revenu qui, si elle avait résidé au Canada tout au long de l’année, serait déductible en vertu du paragraphe 106(1) dans le calcul de son revenu pour l’année, (iv.1) que l’excédent éventuel d’une somme à inclure, selon le paragraphe 96(1.2), dans le calcul de son revenu pour l’année comme produit de disposition d’un droit à une partie des revenus ou des pertes en vertu d’une convention visée à l’alinéa 96(1.1)a) sur le montant relatif à ce droit et qui, si elle avait résidé au Canada tout au long de l’année, serait déductible en vertu du paragraphe 96(1.3) dans le calcul de son revenu pour l’année, (v) dans le cas d’une personne non-résidente visée au paragraphe (2), que le total déterminé en vertu de l’alinéa (2)e) pour cette personne, (vi) que le montant qui aurait dû être inclus dans le calcul de son revenu au titre d’une police d’assurance-vie au Canada, en vertu du paragraphe 148(1) ou (1.1), si elle avait résidé au Canada tout au long de l’année, (vii) dans le cas d’une banque étrangère autorisée, que le montant qu’elle demande dans la mesure où l’inclusion du montant dans son revenu a pour effet : (A) d’une part, d’augmenter le montant qu’elle peut déduire en application du paragraphe 126(1) pour l’année, (b.1) [Repealed, 2001, c. 17, s. 90(4)] Idem (B) d’autre part, de ne pas augmenter un montant qu’elle peut déduire en application de l’article 127 pour l’année; b) si les seuls gains en capital imposables et les seules pertes en capital déductibles visés à l’alinéa 3b) étaient de semblables gains et de semblables pertes provenant de la disposition (sauf la disposition réputée effectuée selon le paragraphe 218.3(2)) de biens canadiens imposables (sauf des biens protégés par traité); b.1) [Abrogé, 2001, ch. 17, art. 90(4)] c) si les seules pertes pour l’année visées à l’alinéa 3d) étaient des pertes résultant des fonctions d’une charge ou d’un emploi que la personne exerce au Canada et d’entreprises (sauf des entreprises protégées par traité) qu’elle y exploite et des pertes déductibles au titre de placements d’entreprise relatives à des biens dont la disposition donnerait naissance à des gains qui, par l’effet du présent paragraphe, seraient inclus dans le calcul de son revenu imposable gagné au Canada, sur le total des montants suivants : d) les déductions permises par le paragraphe 111(1) et, dans la mesure où elles se rapportent à des montants inclus dans le calcul du montant déterminé selon l’un des alinéas a) à c), les déductions permises par l’un des alinéas 110(1)(d) à d.2), e) et f) ou par le paragraphe 110.1(1); e) les déductions permises par l’un des paragraphes 112(1) et (2) et 138(6) au titre d’un dividende reçu par la personne, dans la mesure où il est inclus dans le calcul de son revenu imposable gagné au Canada pour l’année; e.1) la déduction permise par le paragraphe (4.1); f) lorsque la totalité, ou presque, du revenu de la personne non-résidente pour l’année est inclus dans le calcul de son revenu imposable gagné au Canada pour l’année, les autres déductions permises pour le calcul du revenu imposable et qu’il est raisonnable de considérer comme étant entièrement applicables. Idem
(a) the official conversion rate of the Bank of Canada for the currency published in the Bank of Canada’s Daily Memorandum of Exchange Rates that is in effect at the time of the transfer; or (b) if no official conversion rate is set out in that publication for the currency, the conversion rate that the
Lorsque, au cours d’une année d’imposition, une personne non-résidente était : Income Tax PART I Income Tax
(c) an individual Impôt sur le revenu
(a) not later than five working days after the day of the transfer; and (b) using electronic media, in the manner specified by the Minister, if the entity has the technical capabilities to do so. Record keeping
A record that is required to be kept under this Part may be kept in machine-readable or electronic form if a paper copy can be readily produced from it.
a) un étudiant fréquentant à plein temps un établissement d’enseignement — université, collège ou autre établissement d’enseignement dispensant, au Canada, des cours de niveau postsecondaire — situé au Canada; b) un étudiant fréquentant un établissement d’enseignement — université, collège ou autre établissement d’enseignement dispensant des cours de niveau postsecondaire — situé à l’étranger, ou un professeur enseignant dans un tel établissement, qui avait cessé, au cours d’une année d’imposition antérieure, de résider au Canada, à l’occasion ou à la suite de son départ, pour fréquenter cet établissement ou y enseigner; b.1) un particulier qui avait cessé, au cours d’une année d’imposition antérieure, de résider au Canada, à l’occasion ou à la suite de son départ, pour effectuer des recherches ou des travaux similaires grâce à une bourse qu’il a reçue pour effectuer ces recherches ou ces travaux; c) un particulier qui, à la fois : (i) avait cessé, au cours d’une année antérieure, de résider au Canada, (ii) recevait, au cours de l’année d’imposition, relativement à une charge ou à un emploi en titre, un salaire ou autre rémunération qui lui versait directement ou indirectement une personne résidant au Canada, (iii) avait droit, aux termes d’un accord ou d’une convention conclue avec un ou plusieurs pays étrangers et ayant force de loi au Canada, à une exemption de l’impôt sur le revenu payable par ailleurs dans l’un de ces pays relativement au traitement, salaire ou autre rémunération;
A reporting entity that is required to keep records under this Part in respect of an electronic funds transfer shall retain those records for a period of at least five years from the day of the transfer.
c.1) une personne qui, au cours de l’année, a reçu, en vertu d’un contrat, une somme qui sera ou a été déductible dans le calcul du revenu d’un contribuable assujetti à l’impôt en vertu de la présente partie et que, indépendamment de la date de signature du contrat ainsi que sa forme et son effet, il est raisonnable de considérer comme ayant été reçue, en tout ou en partie : (i) soit en contrepartie totale ou partielle de la conclusion d’un contrat ou d’une convention de prestation de services, lorsque de tels services doivent être rendus au Canada ou de l’engagement de ne pas conclure un tel contrat ou une telle convention avec une autre partie, (ii) soit à titre de rémunération totale ou partielle des fonctions d’une charge ou d’un emploi ou à titre d’indemnité totale ou partielle pour des services devant être rendus au Canada, (iii) [Repealed, 1994, c. 7, Sch. VII, s. 5(2)] les règles suivantes s’appliquent : d) pour l’application du paragraphe 2(3), la personne non-résidente est réputée avoir été employée au Canada pendant l’année; e) pour l’application du sous-alinéa (1)a)(v), le total déterminé en vertu du présent alinéa, au sujet de la personne non-résidente, est le total des montants suivants : (i) toute rémunération relative à une charge ou à un emploi, qui lui a payée directement ou indirectement une personne résidant au Canada et qui a été reçue par la personne non-résidente au cours de l’année, sauf dans la mesure où cette rémunération est attribuable aux fonctions d’une charge ou d’un emploi qu’elle a remplies n’importe où à l’étranger et (A) soit est soumise à un impôt sur le revenu ou sur les bénéfices par le gouvernement d’un pays autre que le Canada, (B) soit est payée à l’occasion de la vente de biens, de la négociation de contrats ou de la prestation de services pour son employeur, pour une société étrangère affiliée à son employeur ou pour toute autre personne avec laquelle son employeur a un lien de dépendance, dans le cours normal des activités d’une entreprise exploitée par son employeur, cette société étrangère affiliée ou cette autre personne, (ii) les sommes qui, en vertu de l’alinéa 56(1)n) ou o), seraient incluses dans le calcul de son revenu pour l’année si elle avait résidé au Canada tout au long de l’année, et si les mentions « reçue(s) au cours de l’année par le contribuable » y étaient remplacées par « reçue(s) au cours de l’année par le contribuable, provenant d’une source située au Canada, », (iii) [Abrogé, 1994, ch. 7, ann. VII, art. 5(2)] (iv) les montants qu’il faudrait, en vertu de l’alinéa 56(1)q), inclure dans le calcul de son revenu pour l’année, si elle avait résidé au Canada tout au long de l’année, (v) les sommes visées à l’alinéa c.1) et reçues par elle au cours de l’année, sauf dans la mesure où Income Tax PART I Income Tax
(a) applies to deny the tax benefit of avoidance transactions that result directly or indirectly either in a misuse of provisions of the Act (or any of the enactments listed in subparagraphs (4)(a)(ii) to (v)) or an abuse having regard to those provisions read as a whole, while not preventing taxpayers from obtaining tax benefits contemplated by Parliament; (b) strikes a balance between (i) the Government of Canada’s responsibility to protect the tax base and the fairness of the tax system, and (ii) taxpayers’ need for certainty in planning their affairs. tax benefit means (a) a reduction, avoidance or deferral of tax or other amount payable under this Act, and includes a reduction, avoidance or deferral of tax or other amount that would be payable under this Act but for a tax treaty, (b) an increase in a refund of tax or other amount under this Act, and includes an increase in a refund of tax or other amount under this Act as a result of a tax treaty, or (c) a reduction, increase or preservation of an amount that could at a subsequent time (i) be relevant for the purpose of computing an amount referred to in paragraph (a) or (b), and tax consequences, to a person, means (a) the amount of income, taxable income or taxable income earned in Canada of the person under this Act, (b) the tax or other amount payable by, or refundable to, the person under this Act, or (c) any other amount that is, or could at a subsequent time be, relevant for the purpose of computing an amount referred to in paragraph (a) or (b); (attribut fiscal) transaction includes an arrangement or event. (opération) General anti-avoidance provision
(iii) [Repealed, 1999, c. 22, s. 29(4)]. Impôt sur le revenu
Where a transaction is an avoidance transaction, the tax consequences to a person shall be determined as is reasonable in the circumstances in order to deny a tax benefit that, but for this section, would result, directly or indirectly, from that transaction or from a series of transactions that includes that transaction.
Unless it may reasonably be considered that obtaining the tax benefit is not one of the main purposes for undertaking or arranging a transaction, the transaction is an avoidance transaction if the transaction (a) but for this section, would result, directly or indirectly, in a tax benefit; or (b) is part of a series of transactions, which series, but for this section, would result, directly or indirectly, in a tax benefit.
Subsection (2) applies to a transaction only if it may reasonably be considered that the transaction (a) would, if this Act were read without reference to this section, result directly or indirectly in a misuse of the provisions of any one or more of (i) this Act, (ii) the Income Tax Regulations, (iv) a tax treaty, or (v) any other enactment that is relevant in computing tax or any other amount payable by or refundable to a person under this Act or in determining any amount that is relevant for the purposes of that computation; or (b) would result directly or indirectly in an abuse having regard to those provisions, other than this section, read as a whole. (4.1) If an avoidance transaction — or a series of transactions that includes the avoidance transaction — is significantly lacking in economic substance, this is an important consideration that tends to indicate that the transaction results in a misuse under paragraph (4)(a) or an abuse under paragraph (4)(b). Economic substance — meaning (4.2) Factors that establish that a transaction or series of transactions is significantly lacking in economic substance may include, but are not limited to, any of the following: (a) all or substantially all of the opportunity for gain or profit and risk of loss of the taxpayer — taken together with those of all non-arm’s length taxpayers (other than those non-arm’s length taxpayers who can reasonably be considered, having regard to the circumstances viewed as a whole, to have economic interests that are largely adverse from those of the taxpayer) — remains unchanged, including because of (iii) the timing between steps in a series, or (iv) the use of an accommodation party; (b) it is reasonable to conclude that, at the time the transaction or series was entered into, the expected value of the tax benefit exceeded the expected non-tax economic return (which excludes both the tax benefit and any tax advantages connected to another jurisdiction); and (c) it is reasonable to conclude that the entire, or almost entire, purpose for undertaking or arranging the transaction or series was to obtain the tax benefit. (a) any deduction, exemption or exclusion in computing income, taxable income, taxable income earned in Canada or tax payable or any part thereof may be allowed or disallowed in whole or in part, (b) any such deduction, exemption or exclusion, any income, loss or other amount or part thereof may be allocated to any person, (c) the nature of any payment or other amount may be recharacterized, and (d) the tax effects that would otherwise result from the application of other provisions of this Act may be ignored, in determining the tax consequences to a person as is reasonable in the circumstances in order to deny a tax benefit that would, but for this section, result, directly or indirectly, from an avoidance transaction. (5.1) If subsection (2) applies to determine the tax consequences to a person for a taxation year in respect of a transaction that was not disclosed by the person to the Minister in accordance with section 237.3 or 237.4, the person is liable to a penalty for the taxation year equal to the amount determined by the formula A is the amount by which the tax payable by the person under this Act for the year exceeds the amount that would have been payable by the person under this Act for the year if subsection (2) had not applied in respect of the transaction; B is the amount by which the total of all amounts, each of which is an amount that would have been deemed to be paid on account of the person’s tax payable under Part I for the year if subsection (2) had not applied in respect of the transaction, exceeds the total of all amounts that are deemed to be paid on account of the person’s tax payable under Part I for the year; and C is the amount of any penalty payable by the person under subsection 163(2), to the extent that the amount is in respect of the transaction or a series that includes the transaction and did not reduce the penalty payable by the person under this subsection in a preceding taxation year. (5.2) Subsection (5.1) does not apply to a person in respect of a transaction if the person demonstrates that, at the time that the transaction was entered into, it was reasonable for the person to have concluded that subsection (2) would not apply to the transaction in reliance on the transaction or a series that includes the transaction being identical or almost identical to a transaction or series that was the subject of (a) published administrative guidance or statements made by the Minister or another relevant governmental authority; or (b) one or more court decisions. (5.3) Sections 152, 158, 159, 160.1, 164 to 167 and Division J of Part I apply to subsection (5.1) with such modifications as the circumstances require.
f) il peut être déduit dans le calcul du revenu imposable de la personne non-résidente pour l’année la somme qui serait déductible dans le calcul de son revenu pour l’année en vertu de l’article 62 si, à la fois : (i) il n’était pas tenu compte du sous-alinéa a)(i) de la définition de réinstallation admissible au paragraphe 248(1), (ii) les montants visés au sous-alinéa 62(1)c)(ii) étaient les sommes visées au sous-alinéa e)(ii) du présent paragraphe. (iii) [Abrogé, 1999, ch. 22, art. 29(4)] Acteurs non-résidents (2.1) Malgré le paragraphe (1), lorsqu’une personne non-résidente est redevable de l’impôt prévu au paragraphe 212(5.1), ou le serait si l’on ne tenait pas compte du paragraphe 212(5.2), à l’égard d’une somme payée, créditée ou fournie au cours d’une année d’imposition donnée, cette somme n’est incluse dans le calcul du revenu imposable gagné au Canada pour une année d’imposition que si un choix valide est fait à son égard en vertu du paragraphe 216.1(1) pour l’année donnée. Paiement différé par une société d’acteur (2.2) Lorsqu’une société est redevable de l’impôt prévu au paragraphe 212(5.1) au titre d’un paiement de société (au sens du paragraphe 212(5.2)) effectué au cours d’une année d’imposition à l’égard d’un acteur et fait, au cours d’une année postérieure, un paiement d’acteur (au sens du paragraphe 212(5.2)) à l’acteur, ou pour son compte, le montant du paiement d’acteur n’est déductible dans le calcul du revenu de la société pour une année d’imposition ni inclus dans le calcul du revenu imposable gagné au Canada de l’acteur pour une année d’imposition. Personnes non-résidentes — Jeux olympiques et paralympiques d’hiver de 2010 (2.3) Malgré le paragraphe (1), aucune somme n’est à inclure dans le calcul du revenu imposable gagné au Canada pour une année d’imposition par les personnes non-résidentes ci-après, au titre d’une somme qui leur est payée ou payable relativement à des activités qu’elles exercent au Canada, après 2009 et avant avril 2010, dans le cadre des Jeux olympiques d’hiver de 2010 ou des Jeux paralympiques d’hiver de 2010 : (d) the International Olympic Committee; (e) the International Paralympic Committee; (d) none of the income attributable to the flight if the flight departs from a location outside Canada and arrives at a location outside Canada. immédiatement avant ce moment, à un ou plusieurs lieux fixes d’affaires situés au Canada, et qu’au cours de l’année, après ce moment, elle ne commence à exploiter aucune entreprise ainsi visée à un lieu fixe d’affaires situé au Canada ou dispose d’un avoir minier canadien à un moment quelconque de l’année où elle n’a exploité aucune telle entreprise à un tel lieu, les règles suivantes s’appliquent : a) l’année d’imposition de la personne non-résidente qui aurait par ailleurs compris le moment donné est réputée s’être terminée à ce moment et une nouvelle année d’imposition est réputée avoir commencé immédiatement après; b) pour le calcul du revenu de la personne non-résidente gagné au Canada pour l’année d’imposition réputée s’être terminée, la personne non-résidente ou toute société de personnes dont elle était un associé immédiatement après le moment donné est réputée avoir disposé, immédiatement avant le moment donné, de chaque avoir minier canadien qui lui appartenait à la société de personnes immédiatement avant le moment donné, et avoir reçu, immédiatement avant le moment donné, un produit de disposition égal à la juste valeur marchande de chacun de ces avoirs au moment donné; c) la personne non-résidente ou toute société de personnes dont elle était un associé immédiatement après le moment donné est réputée, seulement pour le calcul du revenu gagné au Canada par la personne non-résidente pour une année d’imposition commençant après le moment donné, avoir acquis de nouveau immédiatement après le moment donné, à un coût égal au montant réputé en vertu de l’alinéa b) avoir été reçu par elle ou par la société de personnes à titre de produit de disposition, chaque bien réputé, en vertu de cet alinéa, avoir fait l’objet d’une disposition. Frais globaux relatifs à des ressources à l’étranger (4.1) Lorsqu’un contribuable cesse de résider au Canada à un moment postérieur au 27 février 2000, qu’une de ses années d’imposition complète après ce moment et qu’il a été non-résident tout au long de la période (appelée « période de non-résidence » au présent paragraphe) commençant à ce moment et se terminant à la fin de l’année d’imposition en question, les règles suivantes s’appliquent : a) est déductible, dans le calcul de son revenu imposable gagné au Canada pour l’année donnée, chaque montant qui lui serait permis de déduire dans le calcul Interpretation of partnership Application of s. 138(12) [NOTE: Application provisions are not included in the consolidated text; see relevant amended Acts and regulations:] R.S., 1985, c. 1 (5th Supp.), s. 115; 1994, c. 7, Sch. VIII, s. 56; Sch. VIII, s. 56; 1995, c. 21, s. 38; 1997, c. 25, s. 239; 1998, c. 19, s. 138; 1999, c. 22, s. 69; 2001, c. 17, s. 206; 2006, c. 19, s. 21; 2007, c. 35, s. 342; 2009, c. 2, s. 31; 2013, c. 33, s. 8; 2021, c. 23, s. 17. [NOTE: Application provisions are not included in the consolidated text; see relevant amended Acts and regulations:] R.S., 1985, c. 1 (5th Supp.), s. 115.1; 1994, c. 7, Sch. VIII, s. 51. Definitions (d) in the case of a corporation, trust or partnership the only undertaking of which is the investing of its funds in qualified investments, marketing investments in the corporation, trust or partnership to non-resident investors. (services de placement déterminés) Non-résidents et fournisseurs de services de placement canadiens Définitions
Where with respect to a transaction (a) a notice of assessment, reassessment or additional assessment involving the application of subsection 245(2) with respect to the transaction has been sent to a person, or (b) a notice of determination pursuant to subsection 152(1.11) has been sent to a person with respect to the transaction, any person (other than a person referred to in paragraph (a) or (b)) shall be entitled, within 180 days after the day of sending the notice, to request in writing that the Minister make an assessment, reassessment or additional assessment applying subsection (2) or make a determination applying subsection 152(1.11) with respect to that transaction.
fournisseur de services canadien Société résidant au Canada, fiducie résidant au Canada ou société de personnes canadienne. (Canadian service provider) investisseur canadien Est un investisseur canadien à un moment donné relativement à une personne non-résidente la personne dont la personne non-résidente devrait savoir, après enquête raisonnable, qu’elle réside au Canada à ce moment. (Canadian investor) non-résident admissible [Abrogée, 2002, ch. 9, art. 35] placement admissible Sont des placements admissibles d’une personne ou d’une société de personnes : a) les actions du capital-actions d’une société, les participations dans une société de personnes, de fiducie, ou dans un fonds, à l’exception des actions, participations et droits qui remplissent les conditions suivantes : (i) selon le cas : (A) ils ne sont pas cotés à une bourse de valeurs désignée, (B) ils sont cotés à une bourse de valeurs désignée, à condition que la personne ou la société de personnes soit propriétaire, avec les personnes avec lesquelles elle a un lien de dépendance, d’au moins 25 % des actions émises d’une catégorie du capital-actions de la société ou de la valeur totale des participations dans la société de personnes, la fiducie, l’entité ou l’organisation ou des droits dans le fonds, selon le cas, (ii) plus de 50 % de leur juste valeur marchande provient d’un ou de plusieurs des biens suivants : (A) biens immeubles ou réels situés au Canada, (B) avoirs miniers canadiens, (C) avoirs forestiers; b) les dettes; c) les rentes; Income Tax PART I Income Tax
Notwithstanding any other provision of this Act, the tax consequences to any person, following the application of this section, shall only be determined through a notice of assessment, reassessment, additional assessment or determination pursuant to subsection 152(1.11) involving the application of this section. Duties of Minister
(C) timber resource property; (b) indebtedness; (d) commodities or commodities futures purchased or sold, directly or indirectly in any manner whatever, on a commodities or commodities futures exchange; qualified non-resident [Repealed, 2002, c. 9, s. 35] Impôt sur le revenu
On receipt of a request by a person under subsection 245(6), the Minister shall, with all due dispatch, consider the request and, notwithstanding subsection 152(4), assess, reassess or make an additional assessment or determination pursuant to subsection 152(1.11) with respect to that person, except that an assessment, reassessment, additional assessment or determination may be made under this subsection only to the extent that it may reasonably be regarded as relating to the transaction referred to in subsection 245(6). Benefit conferred on a person
(a) included in computing the taxpayer’s income or taxable income earned in Canada under Part I for the taxation year that includes that time; or (b) where the taxpayer is a non-resident person, deemed for the purposes of Part XIII to be a payment made at that time to the taxpayer in respect of property, services or otherwise, depending on the nature of the benefit.
Non-résidents et fournisseurs de services de placement canadiens
Where it is established that a transaction was entered into by persons dealing at arm’s length, bona fide and not pursuant to, or as part of, any scheme for conferring a benefit, in whole or in part, of an existing or future obligation, no party thereto shall be regarded, for the purpose of this section, as having conferred a benefit on a party with whom the first-mentioned party was so dealing. Transfer Pricing
d) les marchandises ou les contrats à terme de marchandises achetés ou vendus, directement ou indirectement, de quelque manière que ce soit, à une bourse de marchandises ou sur un marché à terme de marchandises; e) les monnaies; f) les options, participations, droits et contrats à terme afférents à des biens visés à l’un des alinéas a) à e) ou au présent alinéa, ainsi que les contrats prévoyant des obligations qui sont fonction soit de taux d’intérêt, soit du prix des biens visés à l’un des alinéas, soit de paiements effectués au titre d’un tel bien par son émetteur à ses détenteurs, soit d’un indice traduisant une mesure composite de ces taux, prix ou paiements, indépendamment du fait que le contrat crée des droits sur le bien proprement dit ou des obligations y afférentes. (placement admissible) promoteur En ce qui concerne une société, une fiducie ou une société de personnes, personne ou groupe de personnes donnée qui entreprend ou dirige l’établissement, l’organisation ou la réorganisation de la personne, de la société, de la fiducie ou de la société de personnes, ou la vente de biens ou d’intérêts dans la personne, la société, la fiducie ou la société de personnes donnée. (promoter) services de placement déterminés Les services ci-après, dans les cas où ils sont fournis à une personne ou à une société de personnes : a) la gestion de placements admissibles et la prestation de conseils en matière de tels placements, que le gestionnaire ait ou non le pouvoir discrétionnaire d’acheter ou de vendre; b) l’achat et la vente de placements admissibles, l’exercice de droits rattachés à la propriété de placements admissibles, tels le droit de vote, de conversion et d’échange, et la conclusion et la signature de conventions concernant pareil achat ou vente et l’exercice de tels droits; c) les services administratifs relatifs à des placements, comme la réception, la livraison et la garde des placements, le calcul et la déclaration de la valeur des placements, la réception de montants de souscription des investisseurs et des bénéficiaires de la société ou de la société de personnes, l’attribution de biens en leur faveur, la distribution de produits de disposition aux investisseurs et bénéficiaires, la tenue de livres, la comptabilité et la communication de rapports à ces investisseurs et bénéficiaires; Income Tax PART I Income Tax
arm’s length allocation means, in respect of a transaction, an allocation of profit or loss that would have occurred between the participants in the transaction if they had been dealing at arm’s length with each other. (attribution de pleine concurrence) arm’s length transfer price means, in respect of a transaction, an amount that would have been a transfer price in respect of the transaction if the participants in the transaction had been dealing at arm’s length with each other. (prix de transfert de pleine concurrence) documentation-due date for a taxation year or fiscal period of a person or partnership means (a) in the case of a person, the person’s filing-due date for the year; or (b) in the case of a partnership, the day on or before which a return is required by section 229 of the Income Tax Regulations to be filed in respect of the period or would be required to be so filed if that section applied to the partnership. (date limite de production) qualifying cost contribution arrangement means an arrangement under which reasonable efforts are made by the participants in the arrangement to establish a basis for contributing to, and to contribute on that basis to, the cost of producing, developing or acquiring any property, or acquiring or performing any services, in proportion to the benefits which each participant is reasonably expected to derive from the property or services, as the case may be, as a result of the arrangement. (arrangement admissible de participation au coût) tax benefit has the meaning assigned by subsection 245(1). (avantage fiscal) transaction includes an arrangement or event. (opération) transfer price means, in respect of a transaction, an amount paid or payable or an amount received or receivable, as the case may be, by a participant in the transaction as a price, a rental, a royalty, a premium or other payment for, or for the use, production or reproduction of, property or as consideration for services (including services provided as an employee and the insurance or reinsurance of risks) as part of the transaction. (prix de transfert) transfer pricing capital adjustment of a taxpayer for a taxation year means the total of (a) all amounts each of which is (i) 1/2 of the amount, if any, by which the adjusted cost base to the taxpayer of a capital property (other than a depreciable property) is reduced in the year because of an adjustment made under subsection (2), or (iii) the amount, if any, by which the capital cost to the taxpayer of a depreciable property is reduced in the year because of an adjustment made under subsection (2); and (b) all amounts each of which is that proportion of the total of (i) 1/2 of the amount, if any, by which the adjusted cost base to a partnership of a capital property (other than a depreciable property) is reduced in a fiscal period that ends in the year because of an adjustment made under subsection (2), and (iii) the amount, if any, by which the capital cost to a partnership of a depreciable property is reduced in the period because of an adjustment made under subsection (2), (iv) the taxpayer’s share of the income or loss of the partnership for the period is of (v) the income or loss of the partnership for the period, and where the income and loss of the partnership are nil for the period, the income of the partnership for the period is deemed to be $1,000,000 for the purpose of determining a taxpayer’s share of the partnership’s income for the purpose of this definition. (redressement de capital) transfer pricing capital setoff adjustment of a taxpayer for a taxation year means the amount, if any, that would be the taxpayer’s transfer pricing capital adjustment for the year if the references, in the definition transfer pricing capital adjustment, to “reduced” were read as “increased”. (redressement compensatoire de capital) transfer pricing income adjustment of a taxpayer for a taxation year means the total of all amounts each of which is the amount, if any, by which an adjustment made under subsection 247(2) (other than an adjustment included in determining a transfer pricing capital adjustment of the taxpayer for a taxation year) would result in an increase in the taxpayer’s income for the year or a decrease in a loss of the taxpayer for the year from a source if that adjustment were the only adjustment made under subsection 247(2). (redressement de revenu) transfer pricing income setoff adjustment of a taxpayer for a taxation year means the total of all amounts each of which is the amount, if any, by which an adjustment made under subsection 247(2) (other than an adjustment included in determining a transfer pricing capital setoff adjustment of the taxpayer for a taxation year) would result in a decrease in the taxpayer’s income for the year or an increase in a loss of the taxpayer for the year from a source if that adjustment were the only adjustment made under subsection 247(2). (redressement compensatoire de revenu)
Impôt sur le revenu
Where a taxpayer or a partnership and a non-resident person with whom the taxpayer or the partnership, or a member of the partnership, does not deal at arm’s length (or a partnership of which the non-resident person is a member) are participants in a transaction or a series of transactions and (a) the terms or conditions made or imposed, in respect of the transaction or series, between any of the participants in the transaction or series differ from those that would have been made between persons dealing at arm’s length, or (b) the transaction or series (i) would not have been entered into between persons dealing at arm’s length, and (ii) can reasonably be considered not to have been entered into primarily for bona fide purposes other than to obtain a tax benefit, any amounts (in subsection (2.1) referred to as the “initial amounts”) that would be determined for the purposes of applying the provisions of this Act (if this Act were read without reference to this section and section 245) in respect of the taxpayer or the partnership for a taxation year or fiscal period shall be adjusted (in this section referred to as an “adjustment”) to the quantum or nature of the amounts (in subsection (2.1) referred to as the “adjusted amounts”) that would have been determined if (c) where only paragraph 247(2)(a) applies, the terms and conditions made or imposed, in respect of the transaction or series, between the participants in the transaction or series had been those that would have
been made between persons dealing at arm’s length, or (d) where paragraph 247(2)(b) applies, the transaction or series entered into between the participants had been the transaction or series that would have been entered into between persons dealing at arm’s length, under terms and conditions that would have been made between persons dealing at arm’s length. (2.1) For the purpose of applying subsection (2) in the context of the other provisions of this Act, the following order is to be applied: (b) then make the adjustments, if any, to each of the initial amounts; and (c) then apply each of the provisions of this Act (other than subsection (2) and, for greater certainty, including section 245) using the adjusted amounts.
Non-résidents et fournisseurs de services de placement canadiens
A taxpayer (other than a taxpayer all of whose taxable income for the year is exempt from tax under Part I) is liable to a penalty for a taxation year equal to 10% of the amount determined under paragraph 247(3)(a) in respect of the taxpayer for the year, where (a) the amount, if any, by which (A) the taxpayer’s transfer pricing capital adjustment for the year, and exceeds the total of (ii) the total of all amounts each of which is the portion of the taxpayer’s transfer pricing capital adjustment or transfer pricing income adjustment for the year that can reasonably be considered to relate to a particular transaction, where (A) the transaction is a qualifying cost contribution arrangement in which the taxpayer or a partnership of which the taxpayer is a member is a participant, or (B) in any other case, the taxpayer or a partnership of which the taxpayer is a member made reasonable efforts to determine arm’s length transfer prices or arm’s length allocations in respect of the transaction, and to use those prices or allocations for the purposes of this Act, and (iii) the total of all amounts, each of which is the portion of the taxpayer’s transfer pricing capital setoff adjustment or transfer pricing income setoff adjustment for the year that can reasonably be considered to relate to a particular transaction, where (A) the transaction is a qualifying cost contribution arrangement in which the taxpayer or a partnership of which the taxpayer is a member is a participant, or (B) in any other case, the taxpayer or a partnership of which the taxpayer is a member made reasonable efforts to determine arm’s length transfer prices or arm’s length allocations in respect of the transaction, and to use those prices or allocations for the purposes of this Act, is greater than (i) 10% of the amount that would be the taxpayer’s gross revenue for the year if this Act were read without reference to subsection 247(2), subsections 69(1) and 69(1.2) and section 245, and
Non-exploitation d’une entreprise au Canada
For the purposes of subsection 247(3) and the definition qualifying cost contribution arrangement in subsection 247(1), a taxpayer or a partnership is deemed not to have made reasonable efforts to determine and use arm’s length transfer prices or arm’s length allocations in respect of a transaction or not to have participated in a transaction that is a qualifying cost contribution arrangement, unless the taxpayer or the partnership, as the case may be, (a) makes or obtains, on or before the taxpayer’s or partnership’s documentation-due date for the taxation year or fiscal period, as the case may be, in which the transaction is entered into, records or documents that provide a description that is complete and accurate in all material respects of (i) the property or services to which the transaction relates, (ii) the terms and conditions of the transaction and their relationship, if any, to the terms and conditions of each other transaction entered into between the participants in the transaction, (iii) the identity of the participants in the transaction and their relationship to each other at the time the transaction was entered into, (iv) the functions performed, the property used or contributed and the risks assumed, in respect of the transaction, by the participants in the transaction, (v) the data and methods considered and the analysis performed to determine the transfer prices or the allocations of profits or losses or contributions to costs, as the case may be, in respect of the transaction, and (vi) the assumptions, strategies and policies, if any, that influenced the determination of the transfer prices or the allocations of profits or losses or contributions to costs, as the case may be, in respect of the transaction; (b) for each subsequent taxation year or fiscal period, if any, in which the transaction continues, makes or obtains, on or before the taxpayer’s or partnership’s documentation-due date for that year or period, as the case may be, records or documents that completely and accurately describe each material change in the year or period to the matters referred to in any of subparagraphs 247(4)(a)(i) to 247(4)(a)(vi) in respect of the transaction; and (c) provides the records or documents described in paragraphs 247(4)(a) and 247(4)(b) to the Minister within 3 months after service, made personally or by registered or certified mail, of a written request therefor.
Pour l’application des paragraphes 115(1) et 150(1), de la partie XIV et de l’article 805 du Règlement de l’impôt sur le revenu, une personne non-résidente n’est pas considérée comme exploitant une entreprise au Canada à un moment donné du seul fait qu’un fournisseur de services canadien, à ce moment, lui fournit, ou fournit à une société de personnes dont elle est un associé, des services de placement déterminés si : a) dans les cas de services fournis à un particulier non-résident, à l’exception d’une fiducie, le particulier n’est pas affilié, à ce moment, au fournisseur de services canadien; b) dans les cas de services fournis à une personne non-résidente qui est une société ou une fiducie : (i) la personne n’avait pas, avant le moment donné, ni directement ni par l’intermédiaire de ses mandataires : (A) fait la promotion de ses propres placements principalement auprès d’investisseurs canadiens, (B) vendu un de ses propres placements qui est en circulation au moment donné à une personne qui était un investisseur canadien au moment de la vente et qui est un tel investisseur au moment donné, (ii) avant le moment donné, la personne n’avait pas, ni directement ni par l’intermédiaire de ses mandataires, présenté de documents à une administration au Canada conformément à la législation fédérale ou provinciale sur les valeurs mobilières afin de permettre le placement de droits dans la personne auprès de résidents au Canada, (iii) si le moment donné suit de plus d’une année le moment auquel la personne a été créée, la juste valeur marchande, au moment donné, des placements dans la personne dont sont propriétaires effectifs des personnes ou des sociétés de personnes (autres qu’une entité désignée à l’égard du fournisseur de services canadien) qui sont affiliées au fournisseur de d) si le service est fourni à une société, à une fiducie ou à une société de personnes dont la seule activité consiste à investir ses fonds dans des placements admissibles, la commercialisation de ces placements auprès d’investisseurs non-résidents. (designated investment services) Interpretation Income Tax PART I Income Tax
For the purpose of subparagraph 247(3)(b)(i), where a taxpayer is a member of a partnership in a taxation year, the taxpayer’s gross revenue for the year as a member of the partnership from any activities carried on by means of the partnership is deemed to be that proportion of the amount that would be the partnership’s gross revenue from the activities if it were a taxpayer (to the extent that amount does not include amounts received or receivable from other partnerships of which the taxpayer is a member in the year), for a fiscal period of the partnership that ends in the year, that (a) the taxpayer's share of the income or loss of the partnership from its activities for the period is of (b) the income or loss of the partnership from its activities for the period, and where the income and loss of the partnership from its activities are nil for the period, the income of the partnership from its activities for the period is deemed to be $1,000,000 for the purpose of determining a taxpayer’s share of the partnership’s income from its activities for the purpose of this subsection. Deemed member of partnership
For the purposes of this section, where a person is a member of a partnership that is a member of another partnership, (a) the person is deemed to be a member of the other partnership; and (b) the person’s share of the income or loss of the other partnership is deemed to be equal to the amount of that income or loss to which the person is directly or indirectly entitled. Exclusion for loans to certain controlled foreign affiliates
[Repealed, 2013, c. 34, s. 244] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: 2001, c. 17, s. 21; 2002, c. 9, s. 53; 2007, c. 35, s. 68; 2013, c. 34, ss. 124, 244, 2023, c. 26, s. 25.] (b) a description of the property sufficient to identify it; (d) the amount of the adjusted cost base to the non-resident person of the property at the time of the sending of the notice to the Minister. Income Tax PART I Income Tax
Where, in a taxation year of a corporation resident in Canada, a non-resident person owes an amount to the corporation, the non-resident person is a controlled foreign affiliate of the corporation for the purpose of section 17 throughout the period in the year during which the amount is owing and it is established that the amount owing is an amount owing described in paragraph 17(8)(a) or (b), subsection (2) does not apply to adjust the amount of interest paid, payable or accruing in the year on the amount owing. (7.1) Subsection (2) does not apply to adjust an amount of consideration paid, payable or accruing to a corporation resident in Canada (in this subsection referred to as the “parent”) in a taxation year of the parent for the provision of a guarantee to a person or partnership (in this subsection referred to as the “lender”) for the repayment, in whole or in part, of a particular amount owing to the lender by a non-resident person, if (a) the non-resident person is a controlled foreign affiliate of the parent for the purposes of section 17 throughout the period in the year during which the particular amount is owing; and (b) it is established that the particular amount would be an amount owing described in paragraph 17(8)(a) or (b) if it were owed to the parent. Anti-avoidance
(b) a description of the property sufficient to identify it, and Impôt sur le revenu
For the purposes of determining a taxpayer’s gross revenue under subparagraph 247(3)(b)(i) and subsection 247(5), a transaction or series of transactions is deemed not to have occurred, if one of the purposes of the transaction or series was to increase the taxpayer’s gross revenue for the purpose of subsection 247(3).
An adjustment (other than an adjustment that results in or increases a transfer pricing capital adjustment or a transfer pricing income adjustment of a taxpayer for a taxation year) shall not be made under subsection 247(2) unless, in the opinion of the Minister, the circumstances are such that it would be appropriate that the adjustment be made.
Non-résidents et fournisseurs de services de placement canadiens
Sections 152, 158, 159, 162 to 167 and Division J of Part I apply to this Part, with such modifications as the circumstances require.
b) soit fourni au ministre une garantie acceptable par ce dernier concernant la disposition éventuelle du bien, le ministre délivre sans délai à la personne non-résidente ainsi qu’à l’acheteur éventuel un certificat selon le formulaire prescrit, en ce qui concerne la disposition éventuelle, y fixant un montant (appelé la « limite prévue par le certificat » au présent article) égal au montant estimatif mentionné dans l’avis conformément à l’alinéa (1)c). Avis au ministre
For the purposes of Part XIII, if a particular corporation that is a resident of Canada for the purposes of Part XIII would have a transfer pricing capital adjustment or a transfer pricing income adjustment for a taxation year, if the particular corporation, or a partnership of which the particular corporation is a member, had undertaken no transactions or series of transactions other than those in which a particular non-resident person, or a partnership of which the particular non-resident person is a member, that does not deal at arm’s length with the particular corporation (other than a corporation that was for the purposes of section 17 a controlled foreign affiliate of the particular corporation throughout the period during which the transaction or series of transactions occurred) was a participant, (a) a dividend is deemed to have been paid by the particular corporation and received by the particular non-resident person immediately before the end of the taxation year; and (b) the amount of the dividend is the amount, if any, by which (i) the amount that would be the portion of the total of the particular corporation’s transfer pricing capital adjustment and transfer pricing income adjustment for the taxation year that could reasonably be considered to relate to the particular non-resident person if (A) the only transactions or series of transactions undertaken by the particular corporation were those in which the particular non-resident person was a participant, and (B) the definition transfer pricing capital adjustment in subsection (1) were read without reference to the references therein to “1/2 of” and “3/4 of” (ii) the amount that would be the portion of the total of the particular corporation’s transfer pricing capital setoff adjustment, and transfer pricing income setoff adjustment, for the taxation year that could reasonably be considered to relate to the particular non-resident person if (A) the only transactions or series of transactions undertaken by the particular corporation were those in which the particular non-resident person was a participant, and (B) the definition transfer pricing capital adjustment in subsection (1) were read without reference to the references therein to “1/2 of” and “3/4 of”.
La personne non-résidente qui dispose de son bien canadien imposable, sauf un bien visé au paragraphe (5.2) et un bien exclu, au cours d’une année d’imposition doit en envoyer au ministre, dans les dix jours suivant la disposition, sous pli recommandé, un avis contenant les renseignements suivants : a) les nom et adresse de la personne en faveur de qui elle a disposé du bien (appelée l’« acheteur » au présent article); b) une description du bien permettant de le reconnaître; c) le montant du produit de disposition du bien ainsi que le montant du prix de base rajusté du bien, pour la personne non-résidente, immédiatement avant la disposition, sauf si la personne non-résidente a envoyé au ministre, à un moment donné avant la disposition, et conformément au paragraphe (1), un avis concernant toute disposition éventuelle de ce bien, et si : d) l’acheteur est l’acheteur éventuel mentionné dans cet avis; e) le montant estimatif mentionné dans cet avis conformément à l’alinéa (1)c) est égal ou supérieur au produit de disposition du bien; f) le montant mentionné dans cet avis conformément à l’alinéa (1)d) ne dépasse pas le prix de base rajusté du bien, pour la personne non-résidente, immédiatement avant la disposition. Certificat relatif à un bien dont il a été disposé
If a dividend is deemed by subsection (12) to have been paid by a corporation and received by a non-resident person, and a particular amount has been paid with the concurrence of the Minister by the non-resident person to the corporation, (a) the amount of the dividend may be reduced by the amount (in this subsection referred to as the “reduction”) that the Minister considers appropriate, having regard to all the circumstances, and (b) subsections 227(8.1) and (8.3) apply as if (i) the amount of the dividend were not reduced, and (ii) on the day on which the particular amount was paid, the corporation paid to the Receiver General an amount equal to the amount that would be required to be withheld and remitted under Part XIII in respect of the reduction. Repatriation — interest
Lorsqu’une personne non-résidente qui, en vertu du paragraphe (3), a envoyé au ministre un avis concernant la disposition d’un bien, a : a) soit payé au receveur général, au titre de l’impôt payable par cette personne non-résidente pour l’année présente partie, 25 % de l’excédent éventuel du produit Income Tax PART I Income Tax
If the amount of a dividend is reduced under paragraph (13)(a), the amount of interest payable by a taxpayer because of paragraph (13)(b) may be reduced to the amount that the Minister considers appropriate, having regard to all the circumstances, including the provision of reciprocal treatment by the country in which the non-resident person referred to in subsection (13) is resident. Non-application of provisions
exceeds Impôt sur le revenu
Section 15, subsections 56(2) and 212.3(2) and section 246 do not apply in respect of an amount to the extent that a dividend is deemed by subsection (12) (determined without reference to subsection (13)) to have been paid in respect of the amount. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.]
absorbed capacity has the same meaning as in subsection 18.2(1); (capacité absorbée) active business, in relation to any business carried on by a taxpayer resident in Canada, means any business carried on by the taxpayer other than a specified investment business or a personal services business; (entreprise exploitée activement) additional voluntary contribution to a registered pension plan means a contribution that is made by a member to the plan, that is used to provide benefits under a money purchase provision (within the meaning assigned by subsection 147.1(1)) of the plan and that is not required as a general condition of membership in the plan; (cotisation facultative) adjusted cost base has the meaning assigned by section 54; (prix de base rajusté) aggregate investment income has the meaning assigned by subsection 129(4); (revenu de placement total) alter ego trust means a trust to which paragraph 104(4)(a) would apply if that paragraph were read without reference to subparagraph 104(4)(a)(iii) and clauses 104(4)(a)(iv)(B) and (C); (fiducie en faveur de soi-même) amortized cost of a loan or lending asset at any time to a taxpayer means the amount, if any, by which the total of (a) in the case of a loan made by the taxpayer, the total of all amounts advanced in respect of the loan at or before that time, (b) in the case of a loan or lending asset acquired by the taxpayer, the cost of the loan or lending asset to the taxpayer, (c) in the case of a loan or lending asset acquired by the taxpayer, the part of the amount, if any, by which (i) the principal amount of the loan or lending asset at the time it was so acquired (ii) the cost to the taxpayer of the loan or lending asset that was included in computing the taxpayer’s income for any taxation year ending at or before that time, (c.1) the total of all amounts each of which is an amount in respect of the loan or lending asset that was included in computing the taxpayer’s income for a taxation year that ended at or before that time in respect of changes in the value of the loan or lending asset attributable to the fluctuation in the value of a currency of a country other than Canada relative to Canadian currency, (d) where the taxpayer is an insurer, any amount in respect of the loan or lending asset that was deemed by reason of paragraph 142(3)(a) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as it read in its application to the 1977 taxation year, to be a gain for any taxation year ending at or before that time, and (e) the total of all amounts each of which is an amount in respect of the loan or lending asset that was included under paragraph 12(1)(j) in computing the taxpayer’s income for any taxation year ending at or before that time exceeds the total of (f) the part of the amount, if any, by which (i) the amount referred to in subparagraph (c)(ii) that was deducted in computing the taxpayer’s income for any taxation year ending at or before that time, (f.1) the total of all amounts each of which is an amount in respect of the loan or lending asset that was deducted in computing the taxpayer’s income for a taxation year that ended at or before that time in respect of changes in the value of the loan or lending asset attributable to the fluctuation in the value of a currency of a country other than Canada relative to Canadian currency, (g) the total of all amounts that, at or before that time, the taxpayer had received as or on account or in lieu of payment of or in satisfaction of the principal amount of the loan or lending asset, (h) where the taxpayer is an insurer, any amount in respect of the loan or lending asset that was deemed by reason of paragraph 142(3)(b) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as it read in its application to the 1977 taxation year, to be a loss for any taxation year ending at or before that time, and (i) the total of all amounts each of which is an amount in respect of the loan or lending asset deducted under paragraph 20(1)(p) in computing the taxpayer’s income for any taxation year ending at or before that time; (coût amorti) amount means money, rights or things expressed in terms of the amount of money or the value in terms of money of the right or thing, except that, (i) the amount by which the paid-up capital of the corporation that paid the dividend is increased by reason of the payment of the dividend, and (ii) the fair market value of the share or shares paid as a stock dividend at the time of payment, (b) in any case where section 191.1 applies to a stock dividend, the amount of the stock dividend for the purposes of Part VI.1 is the greater of (i) the amount by which the paid-up capital of the corporation that paid the dividend is increased by reason of the payment of the dividend, and (ii) the fair market value of the share or shares paid as a stock dividend at the time of payment, and for any other purpose the amount referred to in subparagraph (i), and (c) in any other case, the amount of any stock dividend is the amount by which the paid-up capital of the corporation that paid the dividend is increased by reason of the payment of the dividend; (montant) annuity includes an amount payable on a periodic basis whether payable at intervals longer or shorter than a year and whether payable under a contract, will or trust or otherwise; (rente) assessment includes a reassessment; (cotisation) automobile means (a) a motor vehicle that is designed or adapted primarily to carry individuals on highways and streets and that has a seating capacity for not more than the driver and 8 passengers, but does not include (b.1) a clearly marked emergency-response vehicle that is used in connection with or in the course of an individual’s office or employment with a fire department or the police, (b.2) a clearly marked emergency medical response vehicle that is used, in connection with or in the course of an individual’s office or employment with an emergency medical response or ambulance service, to carry emergency medical equipment together with one or more emergency medical attendants or paramedics, (c) a motor vehicle acquired primarily for use as a taxi, a bus used in a business of transporting passengers or a hearse used in the course of a business of arranging or managing funerals, (d) except for the purposes of sections 6 and 15, a motor vehicle acquired to be sold, rented or leased in the course of carrying on a business of selling, renting or leasing motor vehicles or a motor vehicle used for the purpose of transporting passengers in the course of carrying on a business of arranging or managing funerals, and (i) of a type commonly called a van or pick-up truck, or a similar vehicle, that has a seating capacity for not more than the driver and two passengers and that, in the taxation year in which it is acquired or leased, is used primarily for the transportation of goods or equipment in the course of gaining or producing income, (ii) of a type commonly called a van or pick-up truck, or a similar vehicle, the use of which, in the taxation year in which it is acquired or leased, is all or substantially all for the transportation of goods, equipment or passengers in the course of earning or producing income, or (iii) of a type commonly called a pick-up truck that is used in the taxation year in which it is acquired or leased primarily for the transportation of goods, equipment or passengers in the course of earning or producing income at one or more locations in Canada that are (A) described, in respect of any of the occupants of the vehicle, in subparagraph 6(6)(a)(i) or (ii), and (B) at least 30 kilometres outside the nearest point on the boundary of the nearest population centre, as defined by the last census dictionary published by Statistics Canada before the year, that has a population of at least 40,000 individuals as determined in the last census published by Statistics Canada before the year; (automobile) balance-due day of a taxpayer for a taxation year means, (a) if the taxpayer is a trust, (i) in the case where the time at which the taxation year ends is determined under paragraph 249(4)(a), the day that is (A) in the case where that time occurs in a calendar year after the end of the trust’s particular taxation year that ends on December 15 of that calendar year because of an election made under paragraph 132.11(1)(a), the balance-due day of the trust for the particular taxation year, (B) in the case where clause (A) does not apply and the trust’s particular taxation year that begins immediately after that time ends in the calendar year that includes that time, the balance-due day of the trust for the particular taxation year, and (C) in any other case, 90 days after the end of the calendar year that includes that time, and (ii) in any other case, the day that is 90 days after the end of the taxation year, (b) where the taxpayer is an individual who died after October in the year and before May in the following taxation year, the day that is 6 months after the day of death, (c) in any other case where the taxpayer is an individual, April 30 in the following taxation year, and (i) the day that is three months after the day on which the taxation year (in this subparagraph referred to as the “current year”) ends, if (A) an amount was deducted under section 125 in computing the corporation’s tax payable under this Part for the current year or for its preceding taxation year, (B) the corporation is, throughout the current year, a Canadian-controlled private corporation, and (i) in the case of a corporation that is not associated with another corporation in the current year, its taxable income for its preceding taxation year (determined before taking into consideration the specified future tax consequences for that preceding taxation year) does not exceed its business limit for that preceding taxation year, or (ii) in the case of a corporation that is associated with one or more other corporations in the current year, the total of the taxable incomes of the corporation and of those other corporations for their last taxation years that ended in the last calendar year that ended before the end of the current year (determined before taking into consideration the specified future tax consequences for those last taxation years) does not exceed the total of the business limits of the corporation and of those other corporations for those last taxation years, and (ii) the day that is two months after the day on which the taxation year ends, in any other case; bank means a bank within the meaning assigned by section 2 of the Bank Act (other than a federal credit union) or an authorized foreign bank; (banque) bankrupt has the meaning assigned by the Bankruptcy and Insolvency Act; (failli) benefit under a deferred profit sharing plan received by a taxpayer in a taxation year means the total of all amounts each of which is an amount received by the taxpayer in the year from a trustee under the plan, minus any amounts deductible under subsections 147(11) and 147(12) in computing the taxpayer for the year; (prestation en vertu d’un régime de participation différée aux bénéfices) bituminous sands means sands or other rock materials containing naturally occurring hydrocarbons (other than coal) which hydrocarbons have borrowed money includes the proceeds to a taxpayer from the sale of a post-dated bill drawn by the taxpayer on a bank; (argent emprunté) business includes a profession, calling, trade, manufacture or undertaking of any kind whatever and, except for the purposes of paragraph 18(2)(c), section 54.2, subsection 95(1) and paragraph 110.6(14)(f), an adventure or concern in the nature of trade but does not include an office or employment; (commerce) business limit of a corporation for a taxation year means the amount determined under section 125 to be its business limit for the year; (plafond des affaires) business number means the number (other than a Social Insurance Number or trust account number) used by the Minister to identify (a) a corporation or partnership, or (b) any other association or taxpayer that carries on a business or is required by this Act to deduct or withhold an amount from an amount paid or credited or deemed to be paid or credited under this Act and of which the Minister has notified the corporation, partnership, association or taxpayer; (numéro d’entreprise) Canadian banking business means the business carried on by an authorized foreign bank through a permanent establishment (as defined by regulation) in Canada, other than business conducted through a representative office registered or required to be registered under section 509 of the Bank Act; (entreprise bancaire canadienne) Canadian field processing means, except as otherwise prescribed, (a) the processing in Canada of raw natural gas at a field separation and dehydration facility, (b) the processing in Canada of raw natural gas at a natural gas processing plant to any stage that is not beyond the stage of natural gas that is acceptable to a common carrier of natural gas, (c) the processing in Canada of hydrogen sulphide derived from raw natural gas to any stage that is not beyond the marketable sulphur stage, (d) the processing in Canada of natural gas liquids, at a natural gas processing plant where the input is raw natural gas derived from a natural accumulation of natural gas, to any stage that is not beyond the marketable liquefied petroleum stage or its equivalent, (e) the processing in Canada of crude oil (other than heavy crude oil recovered from an oil gas well or a tar sands deposit) recovered from a natural accumulation of petroleum to any stage that is not beyond the crude oil stage or its equivalent, and (f) prescribed activities (g) gas is not considered to cease to be raw natural gas solely because of its processing at a field separation and dehydration facility until it is received by a common carrier of natural gas, and (h) where all or part of a natural gas processing plant is devoted primarily to the recovery of ethane, the plant, or the part of the plant, as the case may be, is considered not to be a natural gas processing plant; (traitement préliminaire au Canada) Canadian real, immovable or resource property means (a) a property that would, if this Act were read without reference to the definition real or immovable property in subsection 122.1(1), be a real or immovable property situated in Canada, (b) a Canadian resource property, (d) a share of the capital stock of a corporation, an income or a capital interest in a trust or an interest in a partnership — other than a taxable Canadian corporation, a SIFT trust (determined without reference to subsection 122.1(2)), a SIFT partnership (determined without reference to subsection 197(8)) or a real estate investment trust (as defined in subsection 122.1(1)) — if more than 50% of the fair market value of the share or interest is derived directly or indirectly from one or any combination of properties described in paragraphs (a) to (c), or Canadian resident partnership means a partnership that, at any time in respect of which the expression is relevant, (a) is a Canadian partnership, (b) would, if it were a corporation, be resident in Canada (including, for greater certainty, a partnership that has its central management and control in Canada), or capital dividend has the meaning assigned by section 83; (dividende en capital) capital gain for a taxation year from the disposition of any property has the meaning assigned by section 39; (gain en capital) capital interest of a taxpayer in a trust has the meaning assigned by subsection 108(1); (participation au capital) capital loss for a taxation year from the disposition of any property has the meaning assigned by section 39; (perte en capital) capital property has the meaning assigned by section 54; (immobilisation) common-law partner, with respect to a taxpayer at any time, means a person who cohabits at that time in a conjugal relationship with the taxpayer and (a) has so cohabited throughout the 12-month period that ends at that time, or (b) would be the parent of a child of whom the taxpayer is a parent, if this Act were read without reference to paragraphs 252(1)(c) and (e) and subparagraph 252(2)(a)(iii), and, for the purpose of this definition, where at any time the taxpayer and the person cohabit in a conjugal relationship and, at any particular time after that time, they are deemed to be cohabiting in a conjugal relationship unless they were living separate and apart at the particular time for a period of at least 90 days that includes the particular time because of a breakdown of their conjugal relationship; (conjoint de fait) common-law partnership means the relationship between two persons who are common-law partners of each other; (union de fait) common share means a share the holder of which is not precluded on the reduction or redemption of the capital stock from participating in the assets of the corporation beyond the amount paid up on that share plus a fixed premium and a defined rate of dividend; (action ordinaire) corporation incorporated in Canada includes a corporation incorporated in any part of Canada before or after cost amount to a taxpayer of any property at any time means, except as expressly otherwise provided in this Act, (a) where the property was depreciable property of the taxpayer of a prescribed class, the amount that would be that proportion of the undepreciated capital cost to the taxpayer of property of that class at that time that the capital cost to the taxpayer of the property is of the capital cost to the taxpayer of all property of that class that had not been disposed of by the taxpayer before that time if subsection 13(7) were read without reference to paragraph 13(7)(e) and if (i) paragraph 13(7)(b) were read as follows: “(b) where a taxpayer, having acquired property for some other purpose, has commenced at a later time to use it for the purpose of gaining or producing income, the taxpayer shall be deemed to have acquired it at that later time at a capital cost to the taxpayer equal to the fair market value of the property at that later time,” and (ii) subparagraph 13(7)(d)(i) were read as follows: “(i) if the use regularly made by the taxpayer of the property for the purpose of gaining or producing income has increased, the taxpayer shall be deemed to have acquired at that time depreciable property of that class at a capital cost equal to the proportion of its fair market value at that time that the amount of the increase in the use regularly made by the taxpayer of the property for that purpose is of the whole of the use regularly made of the property, and” (b) where the property was capital property (other than depreciable property) of the taxpayer, its adjusted cost base to the taxpayer at that time, (c) where the property was property described in an inventory of the taxpayer, its value at that time as determined for the purpose of computing the taxpayer’s income, (c.1) where the taxpayer was a financial institution in its taxation year that includes that time and the property was a mark-to-market property for the year, the cost to the taxpayer of the property, (d.1) where the property was a loan or lending asset (other than a net income stabilization account or a property in respect of which paragraph (b), (c), (c.1) or (d.2) applies), the amortized cost of the property to the taxpayer at that time, (d.2) where the taxpayer was a financial institution in its taxation year that includes that time and the property was a specified debt obligation (other than a mark-to-market property for the year), the tax basis of the property to the taxpayer at that time, (e) where the property was a right of the taxpayer to receive an amount, other than property that is (i) a debt the amount of which was deducted under paragraph 20(1)(p) in computing the taxpayer’s income for a taxation year that ended before that time, (iii) a right in respect of which paragraph (b), (c), (c.1), (d.1) or (d.2) applies, or (iv) a right to receive production (as defined in subsection 18(1.1)) to which a matchable expenditure (as defined in subsection 18.1(1)) relates, the amount the taxpayer has a right to receive, (e.1) where the property was a policy loan (within the meaning assigned by subsection 138(12)) of an insurer, nil, (e.2) where the property is an interest of a beneficiary under a qualifying environmental trust, nil, and (f) in any other case, the cost to the taxpayer of the property as determined for the purpose of computing the taxpayer’s income, except to the extent that that cost has been deducted in computing the taxpayer’s income for any taxation year ending before that time; and, for the purposes of this definition, financial institution, mark-to-market property and specified debt obligation have the meanings assigned by subsection 142.2(1), and tax basis has the meaning assigned by subsection 142.4(1); (coût indiqué) credit union has the meaning assigned by subsection 137(6), except for the purposes of Part XV.1; (caisse de crédit) death benefit means the total of all amounts received by a taxpayer in a taxation year on or after the death of an employee in recognition of the employee’s service in an office or employment minus (a) where the taxpayer is the only person who has received such an amount and who is a surviving spouse or common-law partner of the employee (which person is, in this definition, referred to as the “surviving spouse or common-law partner”), the lesser of (i) the total of all amounts so received by the taxpayer in the year, and (ii) the amount, if any, by which $10,000 exceeds the total of all amounts received by the taxpayer in preceding taxation years on or after the death of the employee in recognition of the employee’s service in an office or employment, or (b) where the taxpayer is not the surviving spouse or common-law partner of the employee, the lesser of (i) the total of all amounts so received by the taxpayer in the year, and (ii) that proportion of (A) the amount, if any, by which $10,000 exceeds the total of all amounts received by the surviving spouse or common-law partner of the employee at any time on or after the death of the employee in recognition of the employee’s service in an office or employment (B) the amount described in subparagraph (i) is of (C) the total of all amounts received by all taxpayers other than the surviving spouse or common-law partner of the employee at any time on or after the death of the employee in recognition of the employee’s service in an office or employment; (prestation consécutive au décès) deferred amount at the end of a taxation year under a salary deferral arrangement in respect of a taxpayer means (a) in the case of a trust governed by the arrangement, any amount that a person has a right under the arrangement at the end of the year to receive after the end of the year where the amount has been received, is receivable or may at any time become receivable by the trust as, on account or in lieu of salary or wages of the taxpayer for services rendered in the year or a preceding taxation year, and (b) in any other case, any amount that a person has a right under the arrangement at the end of the year to receive after the end of the year, and, for the purposes of this definition, a right under the arrangement shall include a right that is subject to one or more conditions unless there is a substantial risk that any one of those conditions will not be satisfied; (montant différé) depreciable property has the meaning assigned by subsection 13(21); (bien amortissable) derivative forward agreement, of a taxpayer, means an agreement entered into by the taxpayer to purchase or sell a capital property if (a) the term of the agreement exceeds 180 days or the agreement is part of a series of agreements with a term that exceeds 180 days, (b) in the case of a purchase agreement, the difference between the fair market value of the property delivered on settlement, including partial settlement, of the agreement and the amount paid for the property is attributable, in whole or in part, to an underlying interest (including a value, price, rate, variable, index, event, probability or thing) other than (i) revenue, income or cashflow in respect of the property over the term of the agreement, changes in the fair market value of the property over the term of the agreement, or any similar criteria in respect of the property unless (A) the property is (I) a Canadian security (as defined in subsection 39(6)), or (II) an interest in a partnership the fair market value of which is derived, in whole or in part, from a Canadian security, (B) the agreement is an agreement to acquire property from (I) a tax-indifferent investor, or (II) a financial institution (as defined in subsection 142.2(1)), and (C) it can reasonably be considered that one of the main purposes of the series of transactions or events, or any transaction or event in the series, of which the agreement is part is for all or any portion of the capital gain on a disposition (other than a disposition by the seller to the taxpayer under the agreement) of a Canadian security referred to in clause (A) — as part of the same series of transactions or events — to be attributable to amounts paid or payable on the Canadian security by the issuer of the Canadian security during the term of the agreement as (III) income of a trust other than income paid out of the taxable capital gains of the trust, (ii) if the purchase price is denominated in the currency of a country other than Canada, changes in the value of the Canadian currency relative to that other currency, or (iii) an underlying interest that relates to a purchase of currency, if it can reasonably be considered that the purchase is agreed to by the taxpayer in order to reduce its risk of fluctuations in the value of the currency in which a purchase or sale by the taxpayer of a capital property is denominated, in which an obligation that is a capital property of the taxpayer is denominated or from which a capital property of the taxpayer derives its value, and (c) in the case of a sale agreement, (i) the difference between the sale price of the property and the fair market value of the property at the time the agreement is entered into by the taxpayer is attributable, in whole or in part, to an underlying interest (including a value, price, rate, variable, index, event, probability or thing) other than (A) revenue, income or cashflow in respect of the property over the term of the agreement, changes in the fair market value of the property over the term of the agreement, or any similar criteria in respect of the property, (B) if the sale price is denominated in the currency of a country other than Canada, changes in the value of the Canadian currency relative to that other currency, or (C) an underlying interest that relates to a sale of currency, if it can reasonably be considered that the sale is agreed to by the taxpayer in order to reduce its risk of fluctuations in the value of the currency in which a purchase or sale by the taxpayer of a capital property is denominated, in which an obligation that is a capital property of the taxpayer is denominated or from which a capital property of the taxpayer derives its value, (ii) the agreement is part of an arrangement that has the effect — or would have the effect if the agreements that are part of the arrangement and that were entered into by persons or partnerships not dealing at arm’s length with the taxpayer were entered into by the taxpayer instead of non-arm’s length persons or partnerships — of eliminating a majority of the taxpayer’s risk of loss and opportunity for gain or profit in respect of the property for a period of more than 180 days; (contrat dérivé à terme) designated stock exchange means a stock exchange, or that part of a stock exchange, for which a designation by the Minister of Finance under section 262 is in effect; (bourse de valeurs désignée) disposition of any property, except as expressly otherwise provided, includes (a) any transaction or event entitling a taxpayer to proceeds of disposition of the property, (b) any transaction or event by which, (i) where the property is a share, bond, debenture, note, certificate, mortgage, hypothecary claim, agreement of sale or similar property, or interest, or for civil law a right, in it, the property is in whole or in part redeemed, acquired or cancelled, (ii) where the property is a debt or any other right to receive an amount, the debt or other right is settled or cancelled, (iii) where the property is a share, the share is converted because of an amalgamation or merger, (iv) where the property is an option to acquire or dispose of property, the option expires, and (v) a trust, that can reasonably be considered to act as agent for all the beneficiaries under the trust with respect to all dealings with all of the trust’s property (unless the trust is described in any of paragraphs (a) to (e.1) of the definition trust in subsection 108(1)), ceases to act as agent for a beneficiary under the trust with respect to any dealing with any of the trust’s property, (b.1) where the property is an interest in a life insurance policy, a disposition within the meaning of section 148, (c) any transfer of the property to a trust or, where the property is property of a trust, any transfer of the property to any beneficiary under the trust, except as provided by paragraph (f) or (k), and (d) where the property is, or is part of, a taxpayer’s capital interest in a trust, except as provided by paragraph (f) or (k), a payment made after 1999 to the taxpayer from the trust that can reasonably be considered to have been made because of the taxpayer’s capital interest in the trust, but does not include (e) any transfer of the property as a consequence of which there is no change in the beneficial ownership of the property, except where the transfer is (i) from a person or a partnership to a trust for the benefit of the person or the partnership, (ii) from a trust to a beneficiary under the trust, or (iii) from one trust maintained for the benefit of one or more beneficiaries under the trust to another trust maintained for the benefit of the same beneficiaries, (f) any transfer of the property as a consequence of which there is no change in the beneficial ownership of the property, where (i) the transferor and the transferee are trusts that are, at the time of the transfer, resident in Canada, (iii) the transferee does not receive the property in satisfaction of the transferee’s right as a beneficiary under the transferor trust, (iv) the transferee held no property immediately before the transfer (other than property the cost of which is not included, for the purposes of this Act, in computing a balance of undeducted outlays, expenses or other amounts in respect of the transferee), (v) the transferee does not file a written election with the Minister on or before the filing-due date for its taxation year in which the transfer is made (or on such later date as is acceptable to the Minister) that this paragraph not apply, (vi) if the transferor is an amateur athlete trust, a cemetery care trust, an employee trust, a trust deemed by subsection 143(1) to exist in respect of a congregation that is a constituent part of a religious organization, a related segregated fund trust (in this paragraph having the meaning assigned by section 138.1), a trust described in paragraph 149(1)(o.4) or a trust governed by an eligible funeral arrangement, an employee life and health trust, an FHSA, a registered disability savings plan, a registered education savings plan, a registered supplementary unemployment benefit plan or a TFSA, the transferee is the same type of trust, and (vii) the transfer results, or is part of a series of transactions or events that results, in the transferor ceasing to exist and, immediately before the time of the transfer or the beginning of that series, as the case may be, the transferee never held any property or held only property having a nominal value, (h) where the property is part of a capital interest of a taxpayer in a trust (other than a personal trust or a trust prescribed for the purpose of subsection 107(2)) that is described by reference to units issued by the trust, a payment after 1999 from the trust in respect of the capital interest, where the number of units in the trust that are owned by the taxpayer is not reduced because of the payment, (i) where the property is a taxpay
Non-résidents et fournisseurs de services de placement canadiens
(iii) the total period of employment service the beneficiary has provided to the qualifying business since a particular time, (d) the trustees are prohibited from exercising their discretion to act in the interest of one beneficiary (or group of beneficiaries) to the prejudice of another beneficiary (or group of beneficiaries), (e) each trustee of the trust is either a corporation resident in Canada that is licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada the business of offering to the public its services as a trustee or an individual (other than a trust), (f) each trustee has an equal vote in the conduct of the affairs of the trust, (g) at least one-third of the trustees must be beneficiaries described in clause (b)(i)(A), (h) if any trustee is appointed (other than by an election within the last five years by the beneficiaries described in clause (b)(i)(A)), at least 60% of all trustees must be persons that deal at arm’s length with each person who has, directly or indirectly in any manner whatever, as part of a transaction or event or series of transactions or events, sold shares of a qualifying business to the trust (or to any person or partnership affiliated with the trust) prior to or in connection with the trust acquiring control of the qualifying business, (i) more than 50% of the beneficiaries of the trust described in clause (b)(i)(A) must approve each of the following transactions or events prior to their occurrence: (i) any transaction or event or series of transactions or events that causes at least 25% of the beneficiaries to lose their status as beneficiaries under clause (b)(i)(A) (unless the change in status is in respect of a termination of employment for cause), and (ii) a winding-up, amalgamation or merger of a qualifying business (other than in the course of a transaction or event or a series of transactions or events that involves only persons or partnerships that are affiliated with the qualifying business), and (j) all or substantially all the fair market value of the property of the trust is attributable to shares of the employee trust means an arrangement (other than an employee ownership trust, an employees profit sharing plan, a deferred profit sharing plan or a plan referred to in subsection 147(15) as a “revoked plan”) established after 1979 (a) under which payments are made by one or more employers to a trustee in trust solely to provide to employees or former employees of (i) the employer, or (ii) a person with whom the employer does not deal at arm’s length, benefits the right to which vests at the time of each such payment and the amount of which does not depend on the individual’s position, performance or compensation as an employee, (b) under which the trustee has, since the commencement of the arrangement, each year allocated to individuals who are beneficiaries thereunder, in such manner as is reasonable, the amount, if any, by which the total of all amounts each of which is (i) an amount received under the arrangement by the trustee in the year from an employer or from a person with whom the employer does not deal at arm’s length, (ii) the amount that would, if this Act were read without reference to subsection 104(6), be the income of the trust for the year (other than a taxable capital gain from the disposition of property) from a property or other source other than a business, or (iii) a capital gain of the trust for the year from the disposition of property exceeds the total of all amounts each of which is (iv) the loss of the trust for the year (other than an allowable capital loss from the disposition of property) from a property or other source other than a business, or (v) a capital loss of the trust for the year from the disposition of property, and (c) the trustee of which has elected to qualify the arrangement as an employee trust in its return of income filed within 90 days from the end of its first taxation year; (fiducie d’employés) employer, in relation to an officer, means the person from whom the officer receives the officer’s remuneration; (employeur) employment means the position of an individual in the service of some other person (including Her Majesty or a foreign state or sovereign) and servant or employee means a person holding such a position; (emploi) estate has the meaning assigned by subsection 104(1) and includes, for civil law, a succession; (succession) estate of the bankrupt has the same meaning as in the Bankruptcy and Insolvency Act; (actifs du failli) exempt income means property received or acquired by a person in such circumstances that it is, because of any provision of Part I, not included in computing the person’s income, but does not include a dividend on a share or a support amount (as defined in subsection 56.1(4)); (revenu exonéré) farming includes tillage of the soil, livestock raising or exhibiting, maintaining of horses for racing, raising of poultry, fur farming, dairy farming, fruit growing and the keeping of bees, but does not include an office or employment under a person engaged in the business of farming; (agriculture) farm loss has the meaning assigned by subsection 111(8); (perte agricole) filing-due date for a taxation year of a taxpayer means the day on or before which the taxpayer’s return of income under Part I for the year is required to be filed or would be required to be filed if tax under that Part were payable by the taxpayer for the year; (date d’échéance de production) first home savings account or FHSA has the same meaning as in subsection 146.6(1); (compte d’épargne) fishing includes fishing for or catching shellfish, crustaceans and marine animals but does not include an office or employment under a person engaged in the business of fishing; (pêche) flow-through share has the meaning assigned by subsection 66(15); (action accréditive) foreign resource property has the meaning assigned by subsection 66(15), and a foreign resource property in respect of a country means a foreign resource property that is (a) a right, licence or privilege to explore for, drill for or take petroleum, natural gas or related hydrocarbons in that country, (i) store underground petroleum, natural gas or related hydrocarbons in that country, (ii) prospect, explore, drill or mine for minerals in a mineral resource in that country, (c) a well, petroleum or gas well, or a real property situated in that country and the principal value of which depends on its petroleum or natural gas content (other than a depreciable property), (d) a right to rent or a royalty computed by reference to the volume or value of production from a mineral resource situated in that country, if the payer of the rent or royalty is, under civil law, the owner of the well or deposit, and if at least 90% of the rent or royalty is payable out of production from the well or deposit or out of the value of that production, (e) a right to rent or a royalty computed by reference to the volume or value of production from a mineral resource situated in that country, if the payer of the rent or royalty is, under civil law, the owner of the resource, and if at least 90% of the rent or royalty is payable out of production from the resource or out of the value of that production, (f) a real property (other than a depreciable property) situated in that country and the principal value of which depends on its mineral content, (g) a right to or an interest in any property described in any of paragraphs (a) to (e), under civil law, other than a right that the taxpayer has as a beneficiary of a trust or a partnership interest, (h) a real property or an interest in a real property described in paragraph (f) or an interest in a property described in any of those paragraphs, other than a right that the taxpayer has as a beneficiary of a trust or a partnership interest. (c) an oil or gas well in that country or real or immovable property in that country the principal value of which depends on its petroleum or natural gas content (but not including depreciable property), (d) any right to a rental or royalty computed by reference to the amount or value of production from an oil or gas well in that country, or from a natural accumulation of petroleum or natural gas in that country, if the payer of the rental or royalty has an interest in, or for civil law a right in, the well or accumulation, as the case may be, and 90% or more of the rental or royalty is payable out of, or from the proceeds of, the production from the well or accumulation, (e) any right to a rental or royalty computed by reference to the amount or value of production from a mineral resource in that country, if the payer of the rental or royalty has an interest in, or for civil law a right in, the mineral resource and 90% or more of the rental or royalty is payable out of, or from the proceeds of, the production from the mineral resource, (f) a real or immovable property in that country the principal value of which depends upon its mineral resource content (but not including depreciable property), (g) a right to or an interest in — or for civil law a right to or in — any property described in any of paragraphs (a) to (f), other than a right or an interest that the taxpayer has because the taxpayer is a beneficiary under a trust or a member of a partnership, or (h) an interest in real property described in paragraph (f) or a real right in an immovable described in that paragraph, other than an interest or a right that the taxpayer has because the taxpayer is a beneficiary under a trust or a member of a partnership; (avoir minier étranger) former business property, in respect of a taxpayer, means a capital property of the taxpayer that was used by the taxpayer or a person related to the taxpayer primarily for the purpose of gaining or producing income from a business, and that was real or immovable property of the taxpayer, an interest of the taxpayer in real property, a right of the taxpayer in an immovable or a property that is the subject of an election under subsection 13(4.2), but does not include (c) land contiguous to land referred to in paragraph (b) that is a parking area, driveway, yard or garden or that is otherwise necessary for the use of the rental property referred to in that paragraph, or and for the purpose of this definition, rental property of a taxpayer means real or immovable property owned by the taxpayer, whether jointly with another person or otherwise, and used by the taxpayer in the taxation year in respect of which the expression is being applied principally for the purpose of gaining or producing gross revenue that is rent (other than property leased by the taxpayer to a person related to the taxpayer and used by that related person principally for any other purpose), but, for greater certainty, does not include a property leased by the taxpayer or the related person to a lessee, in the ordinary course of a business of the taxpayer or the related person of selling goods or rendering services, under an agreement by which the lessee undertakes to use the property to carry on the business of selling or promoting the sale of the goods or services of the taxpayer or the related person; (ancien bien d’entreprise) fossil fuel has the same meaning as in subsection 1104(13) of the Income Tax Regulations; (combustible fossile) fully collateralized arrangement means a securities lending arrangement or a specified securities lending arrangement if, throughout the term of the arrangement, the borrower (a) has provided the lender under the arrangement with money in an amount of, or securities described in paragraph (c) of the definition qualified security in subsection 260(1) that have a fair market value of, not less than 95% of the fair market value of the security that is transferred or lent under the arrangement, and (b) is entitled to enjoy, directly or indirectly, the benefits of all or substantially all income derived from, and opportunity for gain in respect of, the money or securities provided; (mécanisme entièrement garanti) graduated rate estate, of an individual at any time, means the estate that arose on and as a consequence of the individual’s death if (a) that time is no more than 36 months after the death, (b) the estate is at that time a testamentary trust, (c) the individual’s Social Insurance Number (or if the individual had not, before the death, been assigned a Social Insurance Number, such other information as is acceptable to the Minister) is provided in the estate’s return of income under Part I for the taxation year that includes that time and for each of its earlier taxation years that ended after 2015, (d) the estate designates itself as the graduated rate estate of the individual in its return of income under Part I for its first taxation year that ends after 2015, and (e) no other estate designates itself as the graduated rate estate of the individual in a return of income under Part I for a taxation year that ends after 2015; grandfathered share means (a) a share of the capital stock of a corporation issued after 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 pursuant to an agreement in writing entered into before that time, (b) a share of the capital stock of a corporation issued after 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 and before 1988 as part of a distribution to the public made in accordance with the terms of a prospectus, preliminary prospectus, registration statement, offering memorandum or notice filed before 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 with a public authority pursuant to and in accordance with the securities legislation of the jurisdiction in which the shares are distributed, (c) a share (in this paragraph referred to as the “new share”) of the capital stock of a corporation that is issued after 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 in exchange for (i) a share of a corporation that was issued before 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 or is a grandfathered share, or (ii) a debt obligation of a corporation that was (A) issued before 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987, or (B) issued after 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 under an agreement in writing entered into before that time, or after that time and before 1988 as part of a distribution to the public made in accordance with the terms of a prospectus, preliminary prospectus, registration statement, offering memorandum or notice filed before that time with a public authority under and in accordance with the securities legislation of the jurisdiction in which the debt obligation is distributed, where the right to the exchange and all or substantially all the terms and conditions of the new share were established in writing before that time, and (d) a share of a class of the capital stock of a Canadian corporation listed on a designated stock exchange that is issued after 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 on the exercise of a right that (i) was issued before that time, that was issued after that time under an agreement in writing entered into before that time or that was issued after that time and before 1988 as part of a distribution to the public made in accordance with the terms of a prospectus, preliminary prospectus, registration statement, offering memorandum or notice filed before that time with a public authority under and in accordance with the securities legislation of the jurisdiction in which the rights were distributed, and (ii) was listed on a designated stock exchange, where all or substantially all the terms and conditions of the right and the share were established in writing before that time, except that a share that is deemed under the definition short-term preferred share, taxable preferred share or term preferred share in this subsection or under subsection 112(2.22) to have been issued at any time is deemed after that time not to be a grandfathered share for the purposes of that provision; (action de régime transitoire) gross revenue of a taxpayer for a taxation year means the total of (a) all amounts received in the year or receivable in the year (depending on the method regularly followed by the taxpayer in computing the taxpayer’s income) otherwise than as or on account of capital, and (b) all amounts (other than amounts referred to in paragraph (a)) included in computing the taxpayer’s income from a business or property for the year because of subsection 12(3) or (4) or section 12.2 of this Act or subsection 12(8) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952; (revenu brut) group term life insurance policy means a group life insurance policy under which the only amounts payable by the insurer are (a) amounts payable on the death or disability of individuals whose lives are insured in respect of, in the course of or because of, their office or employment or former office or employment, and home relocation loan means a loan received by an individual or the individual’s spouse or common-law partner in circumstances where the individual has commenced employment at a location in Canada (in this definition referred to as the “new work location”) and by reason thereof has moved from the residence in Canada at which, before the move, the individual ordinarily resided (in this definition referred to as the “old residence”) to a residence in Canada at which, after the move, the individual ordinarily resided (in this definition referred to as the “new residence”) if (a) the distance between the old residence and the new work location is at least 40 kilometres greater than the distance between the new residence and the new work location, (b) the loan is used to acquire a dwelling, or a share of the capital stock of a cooperative housing corporation acquired for the sole purpose of acquiring the right to inhabit a dwelling owned by the corporation, where the dwelling is for the habitation of the individual and is the individual’s new residence, (c) the loan is received in the circumstances described in subsection 80.4(1), or would have been so received if subsection 80.4(1.1) had applied to the loan at the time it was received, and (d) the loan is designated by the individual to be a home relocation loan, but in no case shall more than one loan in respect of a particular move, or more than one loan at any particular time, be designated as a home relocation loan by the individual; (prêt à la réinstallation) income-averaging annuity contract of an individual means, except for the purposes of section 61, a contract (a) that is an income-averaging annuity contract within the meaning assigned by subsection 61(4), and (b) in respect of which the individual has made a deduction under section 61 in computing the individual’s income for a taxation year; (contrat de rente à versements invariables) income bond or income debenture of a corporation (in this definition referred to as the “issuing corporation”) means a bond or debenture in respect of which interest or dividends are payable only to the extent that the issuing corporation has made a profit before taking into account the interest or dividend obligation and that was issued (a) before November 17, 1978, (b) after November 16, 1978 and before 1980 pursuant to an agreement in writing to do so made before November 17, 1978 (in this definition referred to as an “established agreement”), or (c) by an issuing corporation resident in Canada for a term that may not, in any circumstances, exceed 5 years, (i) as part of a proposal to or an arrangement with its creditors that had been approved by a court under the Bankruptcy and Insolvency Act, (ii) at a time when all or substantially all of its assets were under the control of a receiver, receiver-manager, sequestrator or trustee in bankruptcy, or (iii) at a time when, by reason of financial difficulty, the issuing corporation or another corporation resident in Canada with which it does not deal at arm’s length was in default, or could reasonably be expected to default, on a debt obligation held by a person with whom the issuing corporation or the other corporation was dealing at arm’s length and the bond or debenture was issued either wholly or in substantial part and either directly or indirectly in exchange or substitution for that obligation or a part thereof, and, in the case of a bond or debenture issued after November 12, 1981, the proceeds from the issue may reasonably be regarded as having been used by the issuing corporation or a corporation with which it was not dealing at arm’s length in the financing of its business carried on in Canada immediately before the bond or debenture was issued, and, for the purposes of this definition, (d) where the terms or conditions of an established agreement were amended after November 16, 1978, the agreement shall be deemed to have been made after that date, and (i) at any particular time the terms or conditions of a bond or debenture issued pursuant to an established agreement or of any agreement relating to such a bond or debenture have been changed, (ii) under the terms or conditions of a bond or debenture acquired in the ordinary course of the business carried on by a specified financial institution or a partnership or trust (other than a testamentary trust) or under the terms or conditions of any agreement relating to any such bond or debenture (other than an agreement made before October 24, 1979 to which the issuing corporation or any person related thereto was not a party), the owner thereof could at any particular time after November 16, 1978 require, either alone or together with one or more taxpayers, the repayment, acquisition, cancellation or conversion of the bond or debenture otherwise than by reason of a failure or default under the terms or conditions of the bond or debenture or any agreement that related to and was entered into at the time of, the issuance of the bond or debenture, (iii) at any particular time after November 16, 1978, the maturity date of a bond or debenture was extended or the terms or conditions relating to the repayment of the principal amount thereof were changed, (iv) at a particular time a specified financial institution (or a partnership or trust of which a specified financial institution or a person related to the institution is a member or beneficiary) acquires a bond or debenture that (A) was issued before November 17, 1978 or under an established agreement, (B) was issued to a person other than a corporation that was, at the time of issue, (II) a corporation that was controlled by one or more corporations described in subclause (I), and for the purpose of this subclause, one corporation is controlled by another corporation if more than 50% of its issued share capital (having full voting rights under all circumstances) belongs to the other corporation, to persons with whom the other corporation does not deal at arm’s length, or to the other corporation and persons with whom the other corporation does not deal at arm’s length, (C) was acquired from a person that was, at the time the person last acquired the bond or debenture and at the particular time, a person other than a corporation described in any of paragraphs (a) to (f) of that definition, and (D) was acquired otherwise than under an agreement in writing made before October 24, 1979, or (v) at a particular time after November 12, 1981, a specified financial institution (or a partnership or trust of which a specified financial institution or a person related to the institution is a member or beneficiary) acquires a bond or debenture that (A) was not a bond or debenture referred to in paragraph (c), (B) was acquired from a person that was, at the particular time, a corporation described in any of paragraphs (a) to (f) of the definition specified financial institution, and (C) was acquired subject to or conditional on a guarantee agreement (within the meaning that would be assigned by subsection 112(2.2) if the reference in that subsection to a “share” were read as a reference to an “income bond” or “income debenture”) that was entered into after November 12, 1981, the bond or debenture shall, for the purposes of determining at any time after the particular time whether it is an income bond or income debenture, be deemed to income interest of a taxpayer in a trust has the meaning assigned by subsection 108(1); (participation au revenu) indexed debt obligation means a debt obligation the terms or conditions of which provide for an adjustment to an amount payable in respect of the obligation for a period during which the obligation was outstanding that is determined by reference to a change in the purchasing power of money; (titre de créance indexé) individual means a person other than a corporation; (particulier) insurance corporation means a corporation that carries on an insurance business; (compagnie d’assurance) insurer has the meaning assigned by this subsection to the expression insurance corporation; (assureur) international shipping means the operation of a ship owned or leased by a person or partnership (in this definition referred to as the “operator”) that is used, either directly or as part of a pooling arrangement, primarily in transporting passengers or goods in international traffic — determined as if, except where paragraph (c) of the definition international traffic in this subsection applies, any port or other place on the Great Lakes or St. Lawrence River is in Canada — including the chartering of the ship, provided that one or more persons related to the operator (if the operator and each such person is a corporation), or persons or partnerships affiliated with the operator (in any other case), has complete possession, control and command of the ship, and any other incident to or pertaining to the operation of the ship, but does not include (b) fishing, (e) towing, (g) offshore oil and gas activities (other than the transportation of oil and gas), including exploration and drilling activities, (i) leasing a ship by a lessor to a lessee that has complete possession, control and command of the ship, unless the lessor or a corporation, trust or partnership affiliated with the lessor has an eligible interest (as defined in subsection 250(6.04)) in the lessee; (transport maritime international) international traffic means, in respect of a person or partnership carrying on the business of transporting passengers or goods, a voyage made in the course of that business if the principal purpose of the voyage is to transport passengers or goods (a) from Canada to a place outside Canada, (b) from a place outside Canada to Canada, or (c) from a place outside Canada to another place outside Canada; (transport international) inter vivos trust has the meaning assigned by subsection 108(1); (fiducie non testamentaire) inventory means a description of property or the cost or value of which is relevant in computing a taxpayer’s income from a business for a taxation year or would have been so relevant if the income from the business had not been computed in accordance with the cash method and includes (a) with respect to a farming business, all of the livestock held in the course of carrying on the business, and investment corporation has the meaning assigned by subsection 130(3); (société de placement) lawyer has the meaning assigned by subsection 232(1); (avocat) legal representative of a taxpayer means a trustee in bankruptcy, an assignee, a liquidator, a curator, a receiver of any kind, a trustee, an heir, an administrator, an executor, a liquidator of a succession, a committee, or any other like person, administering, winding up, controlling or otherwise dealing in a representative or fiduciary capacity with the property that belongs or belonged to, or that is or was held for the benefit of, the taxpayer or the taxpayer’s estate; (représentant légal) LIA policy means a life insurance policy (other than an annuity) where (a) a particular person or partnership becomes obligated after March 20, 2013 to repay an amount to another person or partnership (in this definition referred to as the “lender”) at a time determined by reference to the death of a particular individual whose life is insured under the policy, and (b) the lender is assigned an interest in (i) the policy, and (ii) an annuity contract the terms of which provide that payments are to continue for a period that ends no earlier than the death of the particular individual; (police RAL) licensed annuities provider has the meaning assigned by subsection 147(1); (fournisseur de rentes autorisé) life insurance business includes (a) an annuities business, and (b) the business of issuing contracts all or any part of the issuer’s reserves for which vary in amount depending on the fair market value of a specified group of assets, life insurance corporation means a corporation that carries on a life insurance business that is not a business described in paragraph (a) or (b) of the definition life insurance business in this subsection, whether or not the corporation also carries on a business described in either of those paragraphs; (compagnie d’assurance-vie) life insurance policy has the meaning assigned by subsection 138(12); (police d’assurance-vie) life insurance policy in Canada has the meaning assigned by subsection 138(12); (police d’assurance-vie au Canada) life insurer has the meaning assigned by this subsection to the expression life insurance corporation; (assureur sur la vie) limited partnership loss has the meaning assigned by subsection 96(2.1); (perte comme commanditaire) listed international agreement means (a) the Convention on Mutual Administrative Assistance in Tax Matters, concluded at Strasbourg on January 25, 1988, as amended from time to time by a protocol, or other international instrument, as ratified by Canada, or (b) a comprehensive tax information exchange agreement that Canada has entered into and that has effect, in respect of another country or jurisdiction; (accord international désigné) majority-interest partner, of a particular partnership at any time, means a person or partnership (in this definition referred to as the “taxpayer”) (a) whose share of the particular partnership’s income from all sources for the last fiscal period of the particular partnership that ended before that time (or, if the particular partnership’s first fiscal period includes that time, for that period) would have exceeded 1/2 of the particular partnership's income from all sources for that period if the taxpayer had held throughout that period each interest in the partnership that the taxpayer or a person affiliated with the taxpayer held at that time, or (b) whose share, if any, together with the shares of every person with whom the taxpayer is affiliated, of the total amount that would be paid to all members of the particular partnership (otherwise than as a share of any income of the partnership) if it were wound up at that time exceeds 1/2 of that amount; (associé détenant une participation majoritaire) mineral includes ammonite gemstone, bituminous sands, calcium chloride, coal, kaolin, oil shale and silica, but does not include petroleum, natural gas or a related hydrocarbon not expressly referred to in this definition; (minéral) mineral resource means (c) a bituminous sands deposit or oil shale deposit, or (i) the Minister of Natural Resources has certified that the principal mineral extracted is an industrial mineral contained in a non-bedded deposit, (ii) the principal mineral extracted is ammonite gemstone, calcium chloride, diamond, gypsum, halite, kaolin, lithium or sylvite, or Minister means the Minister of National Revenue; (ministre) motor vehicle means an automotive vehicle designed or adapted to be used on highways and streets but does not include mutual fund trust has the meaning assigned by subsection 132(6); (fiducie de fonds commun de placement) net capital loss has the meaning assigned by subsection 111(8), except as otherwise expressly provided; (perte en capital nette) net corporate income tax rate in respect of a SIFT trust or SIFT partnership for a taxation year means the amount, expressed as a decimal fraction, by which (a) the percentage rate of tax provided under paragraph 123(1)(a) for the taxation year (i) the percentage that would, if the SIFT trust or SIFT partnership were a corporation, be its general rate reduction percentage, within the meaning assigned by subsection 123.4(1), for the taxation year, and net income stabilization account means an account of a taxpayer (a) under the net inco
de disposition du bien sur le prix de base rajusté du bien pour la personne immédiatement avant la disposition; b) soit fourni au ministre une garantie acceptable par ce dernier concernant la disposition du bien, le ministre délivre sans délai à la personne non-résidente ainsi qu’à l’acheteur un certificat selon le formulaire prescrit concernant la disposition. Assujettissement de l’acheteur
In this Act, the tax payable by a taxpayer under any Part of this Act by or under which provision is made for the assessment of tax means the tax payable by the taxpayer as fixed by assessment or reassessment subject to variation on objection or on appeal, if any, in accordance with the provisions of that Part. Property subject to certain Quebec institutions and arrangements
L’acheteur qui, au cours d’une année d’imposition, acquiert auprès d’une personne non-résidente un bien canadien imposable (sauf un bien amortissable ou un bien exclu) d’une telle personne est redevable, pour le compte de cette personne, d’un impôt en vertu de la présente partie pour l’année, sauf si, selon le cas : a) après enquête raisonnable, l’acheteur n’avait aucune raison de croire que la personne ne résidait pas au Canada; a.1) le paragraphe (5.01) s’applique à l’acquisition; b) un certificat délivré à l’acheteur, en application du paragraphe (4), en certificat concernant le bien. Cet impôt – à remettre au receveur général dans les 30 jours suivant la fin du mois au cours duquel l’acheteur a acquis le bien – est égal à 25 % de l’excédent éventuel du coût visé à l’alinéa c) sur la limite visée à l’alinéa d): c) le coût pour l’acheteur du bien ainsi acquis; d) la limite prévue par le certificat délivré en application du paragraphe (2) concernant la disposition du bien par la personne non-résidente en faveur de l’acheteur. L’acheteur a le droit de déduire d’un montant qu’il verse à la personne non-résidente, ou porté à son crédit, ou de retenir sur un tel montant, ou encore de recouvrer autrement d’une telle personne, tout montant qu’il a payé au titre de cet impôt. Biens protégés par traité (5.01) Le présent paragraphe s’applique à l’acquisition d’un bien effectuée par une personne (appelée « acheteur » au présent paragraphe) auprès d’une personne non-résidente si les conditions suivantes sont réunies : a) après enquête raisonnable, l’acheteur en vient à la conclusion que la personne non-résidente est, aux Income Tax PART I Income Tax
For the purposes of this Act, if property is subject to an institution or arrangement that is described by this subsection and that is governed by the laws of the Province of Quebec, the following rules apply in respect of the property: (a) if at any time property is subject to a usufruct, right of use or habitation, or substitution, (i) the usufruct, right of use or habitation, or substitution, as the case may be, is deemed to be at that time (A) a trust, and (B) where the usufruct, right of use or habitation, or substitution, as the case may be, is created by will, a trust created by will, (ii) the property is deemed (A) where the usufruct, right of use or habitation, or substitution, as the case may be, arises on the death of a testator, to have been transferred to the trust on and as a consequence of the death of the testator, and not otherwise, and (B) where the usufruct, right of use or habitation, or substitution, as the case may be, arises otherwise, to have been transferred (at the time it first became subject to the usufruct, right of use or habitation, or substitution, as the case may be) to the trust by the person that granted the usufruct, right of use or habitation, or substitution, and (iii) the property is deemed to be, throughout the period in which it is subject to the usufruct, right of use or habitation, or substitution, as the case may be, held by the trust, and not otherwise; (b) an arrangement (other than a partnership, a qualifying arrangement or an arrangement that is a trust determined without reference to this paragraph) is deemed to be a trust and property subject to rights and obligations under the arrangement is, if the arrangement is deemed by this paragraph to be a trust, deemed to be held in trust and not otherwise, where the arrangement (i) is established before October 31, 2003 by or under a written contract that (A) is governed by the laws of the Province of Quebec, and (B) provides that, for the purposes of this Act, the arrangement shall be considered to be a trust, and (ii) creates rights and obligations that are substantially similar to the rights and obligations under a trust (determined without reference to this subsection); (c) if the arrangement is a qualifying arrangement, (i) the arrangement is deemed to be a trust, (ii) any property contributed at any time to the arrangement by an annuitant, a holder or a subscriber of the arrangement, as the case may be, is deemed to have been transferred, at that time, to the trust by the contributor, and (iii) property subject to rights and obligations under the arrangement is deemed to be held in trust and not otherwise; (d) a person who has a right (whether immediate or future and whether absolute or contingent) to receive all or part of the income or capital in respect of property that is referred to in paragraph (a) or (b) is deemed to be beneficially interested in the trust; and (e) notwithstanding that a property is at any time subject to a servitude, the property is deemed to be beneficially owned by a person at that time if, at that time, the person has in relation to the property (i) the right of ownership, (ii) a right as a lessee under an emphyteusis, or (iii) a right as a beneficiary in a trust. Gift of bare ownership of immovables (3.1) Subsection (3) does not apply in respect of a usufruct or a right of use of an immovable in circumstances where a taxpayer disposes of the bare ownership of the immovable by way of a gift to a qualified donee and retains, for life, the usufruct or the right of use. Qualifying arrangement (3.2) For the purposes of paragraphs 248(3)(b) and (c), an arrangement is a qualifying arrangement if it is (a) entered into with a corporation that is licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada the business of offering to the public its services as trustee; (b) established by or under a written contract that is governed by the laws of the Province of Quebec; (c) presented as a declaration of trust or provides that, for the purposes of this Act, it shall be considered to be a trust; and (d) presented as an arrangement in respect of which the corporation is to take action for the arrangement to become a FHSA, a registered disability savings plan, a registered education savings plan, a registered retirement income fund, a registered retirement savings plan or a TFSA. Interest in real property
(c) a description of the property sufficient to identify it; Gifts, etc. (a) excluded property, or Impôt sur le revenu
In this Act, an interest in real property includes a leasehold interest in real property but does not include an interest as security only derived by virtue of a mortgage, agreement for sale or similar obligation. (4.1) In this Act, a real right in an immovable includes a lease but does not include a security right derived by virtue of a hypothec, agreement for sale or similar obligation. Substituted property
For the purposes of this Act, other than paragraph 98(1)(a), (a) where a person has disposed of or exchanged a particular property and acquired other property in substitution therefor and subsequently, by one or more further transactions, has effected one or more further substitutions, the property acquired by any such transaction shall be deemed to have been substituted for the particular property; and (b) any share received as a stock dividend on another share of the capital stock of a corporation shall be deemed to be property substituted for that other share. “Class” of shares issued in series
Non-résidents et fournisseurs de services de placement canadiens
In its application in relation to a corporation that has issued shares of a class of its capital stock in one or more series, a reference in this Act to the “class” shall be read, with such modifications as the circumstances require, as a reference to a “series of the class.” Receipt of things mailed
termes d’un traité fiscal que le Canada a conclu avec un pays donné, un résident de ce pays; b) le bien serait un bien protégé par traité de la personne non-résidente si celle-ci était, aux termes du traité visé à l’alinéa a), un résident du pays donné; c) l’acheteur donne avis aux termes du paragraphe (5.02) relativement à l’acquisition. Avis de l’acheteur relativement à l’acquisition d’un bien (5.02) La personne (appelée « acheteur » au présent paragraphe) qui acquiert un bien d’une personne non-résidente donne avis relativement à l’acquisition si elle envoie au ministre, au plus tard le trentième jour suivant la date de l’acquisition, un avis contenant les renseignements suivants : a) la date de l’acquisition; b) les nom et adresse de la personne non-résidente; c) une description suffisamment détaillée du bien; d) la somme payée ou payable par l’acheteur pour le bien; e) le nom du pays ayant conclu avec le Canada un traité fiscal en vertu duquel le bien est un bien protégé par traité pour l’application des paragraphes (5.01) ou (6.1), selon le cas. Donation (5.1) Lorsqu’une personne non-résidente a disposé ou se propose de disposer d’une police d’assurance-vie au Canada, d’un avoir minier canadien ou d’un bien canadien imposable, à l’exception : a) d’un bien exclu; b) d’un bien qui a été cédé ou partagé lors de son décès ou par la suite et en conséquence de ce décès, en faveur d’une personne par voie de donation entre vifs ou en faveur d’une personne avec laquelle elle avait un lien de dépendance, pour un produit de disposition nul ou inférieur à la juste valeur marchande du bien au moment où elle en a disposé ou se propose d’en disposer, selon le cas, les règles suivantes s’appliquent : c) la mention à l’alinéa (1)c) du « produit de disposition qu’elle recevra pour ce bien » vaut mention de la juste valeur marchande du bien au moment où elle se propose d’en disposer ». Certificates for dispositions d) les mentions aux paragraphes (3) et (4) du « produit de disposition du bien » valent mention de « la juste valeur marchande du bien immédiatement avant la disposition »; e) les mentions au paragraphe (5) du « prix auquel lui revient le bien ainsi acquis » valent mention de « la juste valeur marchande du bien au moment où il a été acquis »; f) la mention au paragraphe (5.3) du « montant payable par le contribuable pour le bien ainsi acquis » vaut mention de « la juste valeur marchande du bien au moment où il a été ainsi acquis ». Certificat concernant les dispositions (5.2) Lorsqu'une personne non-résidente a effectué, ou se propose d'effectuer, la disposition en faveur d'un contribuable au cours d'une année d'imposition d'un bien, sauf un bien exclu, qui est une police d'assurance-vie au Canada, un avoir minier canadien, un bien (sauf une immobilisation) qui est un immeuble ou est situé au Canada, un avoir forestier, un bien amortissable qui est un bien canadien imposable ou un intérêt ou, pour l'application du droit civil, un droit, ou une option, sur un bien auquel s'applique le présent paragraphe, que ce bien existe ou non, le ministre délivre sans délai à la personne non-résidente et au contribuable un certificat selon le formulaire prescrit à l'égard de la disposition effectuée ou proposée sur lequel est indiqué un montant égal au produit de disposition réel ou proposé, ou un autre montant raisonnable dans les circonstances, si la personne non-résidente, selon le cas : a) payé au receveur général, au titre de l'impôt prévu à la présente partie et payable pour l'année, le montant que le ministre considère acceptable à l'égard de la disposition; b) fourni au ministre une garantie qu'il juge acceptable à l'égard de la disposition. Responsabilité de l'acheteur dans certains cas (5.3) Lorsque, au cours d'une année d'imposition, un contribuable a acquis auprès d'une personne non-résidente un bien visé au paragraphe (5.2): a) le contribuable, sauf si le paragraphe (5.01) s'applique à l'acquisition ou si, après enquête raisonnable, le contribuable n'avait pas de raison de croire que la exceeds Presumption (ii) either personne non-résidente n’était pas un résident du Canada, est tenue de payer, au titre de l’impôt prévu par la présente partie pour l’année pour le compte de la personne non-résidente, 50 % de l’excédent du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le montant payable par le contribuable pour le bien ainsi acquis, (ii) le montant indiqué dans le certificat émis en vertu du paragraphe (5.2) relativement à la disposition du bien par la personne non-résidente en faveur du contribuable, et a droit de déduire ou de retenir sur tout montant qu’il paie ou qu’il porte au crédit de la personne non-résidente ou de recouvrer de la personne non-résidente de toute autre manière auprès d’elle le montant payé au titre de cet impôt; b) le contribuable doit, dans les 30 jours suivant la fin du mois au cours duquel il a acquis le bien, remettre au receveur général l’impôt qu’il est tenu de payer en vertu de l’alinéa a). Présomption (5.4) Lorsqu’une personne non-résidente a disposé d’une police d’assurance-vie au Canada en vertu du paragraphe 148(2) ou de l’un des alinéas a) à c) et e) de la définition de disposition au paragraphe 148(9), l’assureur en vertu de la police est, pour l’application des paragraphes (5.2) et (5.3), réputé être le contribuable qui a acquis le bien pour un montant égal au produit de disposition, déterminé en vertu de l’article 148. Définition de bien exclu
For the purposes of this Act, (a) anything (other than a remittance or payment described in paragraph 248(7)(b)) sent by first class mail or its equivalent shall be deemed to have been received by the person to whom it was sent on the day it was mailed; and (b) the remittance or payment of an amount (i) deducted or withheld, or (ii) payable by a corporation, as required by this Act or a regulation shall be deemed to have been made on the day on which it is received by the Receiver General. Occurrences as a consequence of death
Pour l’application du présent article, bien exclu, relativement à une personne non-résidente, s’entend : a) d’un bien qui est un bien canadien imposable du seul fait qu’il est réputé être un tel bien par une disposition de la présente loi; a.1) d’un bien (sauf un bien immeuble ou réel situé au Canada, un avoir forestier canadien et un avoir forestier) qui figure à l’inventaire d’une entreprise exploitée au Canada par la personne; b) d’un titre qui est, à la fois : (i) inscrit à la cote d’une bourse de valeurs reconnue, (ii) selon le cas : or (B) SIFT wind-up entity equity; (d) a bond, debenture, bill, note, mortgage, hypothecary claim or similar obligation; Treaty-exempt property Application of s. 138(12) (A) une action du capital-actions d’une société, (B) un intérêt dans une EIPD convertible; c) d’une unité de fiducie de fonds commun de placement; d) d’une obligation, d’un effet, d’un billet, d’une créance hypothécaire ou de tout titre semblable; e) d’un bien d’un assureur non-résident qui, à la fois : (i) est autorisé par licence ou autrement, en vertu de la législation fédérale ou provinciale, à exploiter au Canada une entreprise d’assurance, (ii) exploite une entreprise d’assurance, au sens du paragraphe 138(1), au Canada; f) d’un bien d’une banque étrangère autorisée qui exploite une entreprise bancaire canadienne; g) d’une option relative à un bien visé à l’un des alinéas a) à f), que ce bien existe ou non; h) d’un intérêt ou, pour l’application du droit civil, d’un droit sur un bien visé à l’un des alinéas a) à g); i) d’un bien qui est, au moment de sa disposition, un bien exempté par traité de la personne. Bien exempté par traité (6.1) Pour l’application du paragraphe (6), un bien est un bien exempté par traité d’une personne non-résidente au moment où elle dispose du bien en faveur d’une autre personne (appelée « acheteur » au présent paragraphe), si, à la fois : a) le bien est un bien protégé par traité de la personne non-résidente à ce moment; b) dans le cas où l’acheteur et la personne non-résidente sont liés à ce moment, l’acheteur donne avis aux termes du paragraphe (5.02) relativement à la disposition. Application du par. 138(12)
For the purpose of this Act, (a) a transfer, distribution or acquisition of property under or as a consequence of the terms of the will or other testamentary instrument of a taxpayer or the taxpayer’s spouse or common-law partner or as a consequence of the law governing the intestacy of a taxpayer or the taxpayer’s spouse or common-law partner shall be considered to be a transfer, distribution or acquisition of the property as a consequence of the death of the taxpayer or the taxpayer’s spouse or common-law partner, as the case may be; (b) a transfer, distribution or acquisition of property as a consequence of a disclaimer, release or surrender by a person who was a beneficiary under the will or other testamentary instrument or on the intestacy of a taxpayer or the taxpayer’s spouse or common-law partner shall be considered to be a transfer, distribution or acquisition of the property as a consequence of the death of the taxpayer or the taxpayer’s spouse or common-law partner, as the case may be; and (c) a release or surrender by a beneficiary under the will or other testamentary instrument or on the intestacy of a taxpayer with respect to any property that was property of the taxpayer immediately before the taxpayer’s death shall be considered not to be a disposition of the property by the beneficiary. disclaimer includes a renunciation of a succession made under the laws of the Province of Quebec that is not made in favour of any person, but does not include any disclaimer made after the period ending 36 months after the death of the taxpayer unless written application therefor has been made to the Minister by the taxpayer’s legal representative within that period and the disclaimer is made within such longer period as the Minister considers reasonable in the circumstances; (renonciation) release or surrender means (a) a release or surrender made under the laws of a province (other than the Province of Quebec) that does not direct in any manner who is entitled to benefit therefrom, or (b) a gift inter vivos made under the laws of the Province of Quebec of an interest in, or right to property of, a succession that is made to the person or persons who would have benefited if the donor had made a renunciation of the succession that was not made in favour of any person, and that is made within the period ending 36 months after the death of the taxpayer or, where written application therefor has been made to the Minister by the taxpayer’s legal representative within that period, within such longer period as the Minister considers reasonable in the circumstances. (abandon) How trust created (9.1) For the purposes of this Act, a trust shall be considered to be created by a taxpayer’s will if the trust is created (b) by an order of a court in relation to the taxpayer’s estate made under any law of a province that provides for the relief or support of dependants. Vested indefeasibly (9.2) For the purposes of this Act, property shall be deemed not to have vested indefeasibly (a) in a trust under which a taxpayer’s spouse or common-law partner is a beneficiary, where the trust is created by the will of the taxpayer, unless the property vested indefeasibly in the trust before the death of the spouse or common-law partner; and (b) in an individual (other than a trust), unless the property vested indefeasibly in the individual before the death of the individual. Series of transactions
Les définitions figurant au paragraphe 138(12) s’appliquent au présent article. Exception — taxe sur les logements sous-utilisés
For the purposes of this Act, where there is a reference to a series of transactions or events, the series shall be deemed to include any related transactions or events completed in contemplation of the series. Compound interest
Si, en l’absence du présent paragraphe, le ministre serait tenu de délivrer un certificat en vertu des paragraphes (2), (4) ou (5.2) relativement à une disposition ou à une disposition éventuelle d’un bien qui est un Income Tax PART I Income Tax Sections 116-117 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 116; 1994, c. 7, Sch. II, s. 200; 1999, c. 22, s. 133; 2001, c. 17, s. 251; 2012, c. 25, s. 33; 2016, c. 28, s. 14; 2022, c. 18, s. 32; 2013, c. 34, ss. 125, 246; 2016, c. 12, s. 41; 2022, c. 18, s. 16; 2024, c. 17, s. 25(F). DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals Impôt sur le revenu
Interest computed at a prescribed rate under any of subsections 129(2.1) and (2.2), 131(3.1) and (3.2), 132(2.1) and (2.2), 133(7.01) and (7.02), 159(7), 160.1(1), 161(1), (2) and (11), 161.1(5), 164(3) to (4), 181.8(1) and (2) (as those two subsections read in their application to the 1991 and earlier taxation years), 185(2), 187(2) and 189(7), section 192.03 (as it read in its application to the 1991 and earlier taxation years) and subsections 193(3), 195(3), 202(5) and 227(8.3), (9.2) and (9.3) of this Act and subsection 18(2) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952 (as that subsection read in its application to taxation years beginning before 1986) and subsection 191(2) of that Act (as that subsection read in its application to the 1984 and earlier taxation years) shall be compounded daily, and where interest is computed on an amount under any of those provisions and is unpaid or unapplied on the day it is due, but for this subsection, have ceased to be computed under that provision, interest at the prescribed rate shall be computed and compounded daily on the unpaid or unapplied interest from that day to the day it is paid or applied and shall be paid or applied as would be the case if interest had continued to be computed under that provision after that day.
For the purposes of this Act, one bond, debenture, bill, note or similar obligation issued by a debtor is identical to another such obligation issued by that debtor if both are identical in respect of all rights (in equity or otherwise, either immediately or in the future and either absolutely or contingently) attaching thereto, except as regards the principal amount thereof. Interests in trusts and partnerships
Non-résidents et fournisseurs de services de placement canadiens
Where after November 12, 1981 a person has an interest in a trust or partnership, whether directly or indirectly through an interest in any other trust or partnership or in any manner whatever, the person shall, for the purposes of the definitions income bond, income debenture and term preferred share in subsection 248(1), paragraph (h) of the definition taxable preferred share in that subsection, subsections 84(4.2) and 84(4.3) and 112(2.6) and section 258, be deemed to be a beneficiary of the trust or a member of the partnership, as the case may be. Related corporations
immeuble résidentiel, au sens de l’article 2 de la Loi sur la taxe sur les logements sous-utilisés, il peut refuser de délivrer le certificat si, selon le cas : a) il n’est pas convaincu que toutes les déclarations que la personne non-résident est tenue de produire, en vertu de l’article 7 de cette loi, relativement au bien ont été produites; b) il n’est pas convaincu que toutes les taxes et autres sommes payables par la personne non-résidente en vertu de cette loi ont été payées; c) les conditions suivantes sont réunies : (i) il a des motifs raisonnables de croire que, pour l’année civile qui précède l’année civile au cours de laquelle le bien est disposé, ou le sera éventuellement, la personne non-résidente sera tenue de produire une déclaration en vertu de l’article 7 de cette loi relativement au bien ou sera redevable d’un montant de taxe en vertu du paragraphe 6(3) de cette loi relativement au bien, (ii) la déclaration n’a pas été produite ou le montant de taxe n’a pas été payé. [NOTE : Les dispositions d’application ne font pas partie du texte consolidé; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 116; 1994, ch. 7, ann. II, art. 200; 1999, ch. 22, art. 133; 2001, ch. 17, art. 251; 2007, ch. 35, art. 33; 2008, ch. 28, art. 14; 2013, ch. 34, art. 125 et 246; 2016, ch. 12, art. 41; 2022, ch. 18, art. 16; 2024, ch. 17, art. 25(F).
For the purpose of paragraph (g) of the definition specified financial institution in subsection 248(1), where in the case of 2 or more corporations it can reasonably be considered, having regard to all the circumstances, that one of the main reasons for the separate existence of those corporations in a taxation year is to limit or avoid the application of subsection 112(2.1) or 112(2.2) or 138(6), the 2 or more corporations shall be deemed to be related to each other and to each other corporation to which any such corporation is related. Goods and services tax — change of use
Calcul de l’impôt
For the purposes of this Act, where a liability for the goods and services tax is incurred in respect of a change of use at any time of a property, the liability so incurred shall be deemed to have been incurred immediately after that time in respect of the acquisition of the property. Goods and services tax — input tax credit and rebate
Règles applicables aux particuliers Impôt payable en vertu de la présente partie 117 (1) Pour l’application de la présente section, à l’exception de l’article 120 (sauf le sous-alinéa (a)(ii) de la définition de impôt qui est par ailleurs tenu de payer en vertu de la présente partie au paragraphe 120(4)), l’impôt payable en vertu de la présente partie, l’impôt payable par ailleurs en vertu de la présente partie, l’impôt qui est par ailleurs tenu de payer en vertu de la présente partie, l’impôt en vertu de la présente partie, l’impôt payable en vertu de la présente partie et l’impôt prévu au régime de la présente partie et payable en vertu de la présente partie sont calculés compte non tenu de la section E.1 de la présente partie. (iii) the amount of $100,000, $113,804.
For the purposes of this Act, other than this subsection and subsection 6(8), an amount claimed by a taxpayer as an input tax credit or rebate with respect to the goods and services tax in respect of a property or service is deemed to be assistance from a government in respect of the property or service that is received by the taxpayer (a) where the amount was claimed by the taxpayer as an input tax credit in a return under Part IX of the Excise Tax Act for a reporting period under that Act, (i) at the particular time that is the earlier of the time that the goods and services tax in respect of the input tax credit was paid and the time that it became payable, (A) if the particular time is in the reporting period, or (I) the taxpayer’s threshold amount, determined in accordance with subsection 249(1) of the Excise Tax Act, is greater than $500,000 for the taxpayer’s fiscal year (within the meaning assigned by that Act) that includes the particular time, and (II) the taxpayer claimed the input tax credit at least 120 days before the end of the normal reassessment period, as determined under subsection 152(3.1), for the taxpayer in respect of the taxation year that includes the particular time, (ii) at the end of the reporting period, if (A) subparagraph (i) does not apply, and (B) the taxpayer’s threshold amount, determined in accordance with subsection 249(1) of the Excise Tax Act, is $500,000 or less for the fiscal year (within the meaning assigned by that Act) of the taxpayer that includes the particular time, and (iii) in any other case, on the last day of the taxpayer’s earliest taxation year (A) that begins after the taxation year that includes the particular time, and (B) for which the normal reassessment period, as determined under subsection 152(3.1), for the taxpayer ends at least 120 days after the time that the input tax credit was claimed; or (b) where the amount was claimed as a rebate with respect to the goods and services tax, at the time the amount was received or credited. Quebec input tax refund and rebate (16.1) For the purpose of this Act, other than this subsection and subsection 6(8), an amount claimed by a taxpayer as an input tax refund or a rebate with respect to the Quebec sales tax in respect of a property or service is deemed to be assistance from a government in respect of the property or service that is received by the taxpayer (a) where the amount was claimed by the taxpayer as an input tax refund in a return under An Act respecting the Québec sales tax, R.S.Q., c. T-0.1, for a reporting period under that Act, (i) at the particular time that is the earlier of the time that the Quebec sales tax in respect of the input tax refund was paid and the time that it became payable, (A) if the particular time is in the reporting period, or (I) the taxpayer’s threshold amount, determined in accordance with section 462 of that Act is greater than $500,000 for the taxpayer’s fiscal year (within the meaning assigned by that Act) that includes the particular time, and (II) the taxpayer claimed the input tax refund at least 120 days before the end of the normal reassessment period, as determined under subsection 152(3.1), for the taxpayer in respect of the taxation year that includes the particular time, (ii) at the end of the reporting period, if (A) subparagraph (i) does not apply, and (B) the taxpayer’s threshold amount, determined in accordance with section 462 of that Act is $500,000 or less for the fiscal year (within the meaning assigned by that Act) of the taxpayer that includes the particular time, and (iii) in any other case, on the last day of the taxpayer’s earliest taxation year (A) that begins after the taxation year that includes the particular time, and (B) for which the normal reassessment period, as determined under subsection 152(3.1), for the taxpayer ends at least 120 days after the time that the input tax refund was claimed; or (b) where the amount was claimed as a rebate with respect to the Quebec sales tax, at the time the amount was received or credited.
[Repealed, 2000, c. 19, s. 22]
If the input tax credit of a taxpayer under Part IX of the Excise Tax Act in respect of a passenger vehicle, zero-emission passenger vehicle or aircraft is determined with reference to subsection 202(4) of that Act, subparagraphs (16)(a)(i) to (iii) are to be read as they apply in respect of the vehicle or aircraft, as the case may be, as follows: (i) at the beginning of the first taxation year or fiscal period of the taxpayer commencing after the end of the taxation year or fiscal period, as the case may be, in which the goods and services tax in respect of such property was considered for the purposes of determining the input tax credit to be payable, if the tax was considered for the purposes of determining the input tax credit to have become payable in the reporting period, or (ii) if no such tax was considered for the purposes of determining the input tax credit to have become payable in the reporting period, at the end of the reporting period; or (17.1) If the input tax refund of a taxpayer under An Act respecting the Québec sales tax, R.S.Q., c. T-0.1, in respect of a passenger vehicle, zero-emission passenger vehicle or aircraft is determined with reference to section 252 of that Act, subparagraphs (16.1)(a)(ii) to (iii) are to be read as they apply in respect of the vehicle or aircraft, as the case may be, as follows: (i) at the beginning of the first taxation year or fiscal period of the taxpayer that begins after the end of the taxation year or fiscal period, as the case may be, in which the Québec sales tax in respect of such property was considered for the purposes of determining the input tax refund to be payable, if the tax was considered for the purposes of determining the input tax refund to have become payable in the reporting period, or (ii) if no such tax was considered for the purposes of determining the input tax refund to have become payable in the reporting period, at the end of the reporting period; or Input tax credit on assessment (17.2) An amount in respect of an input tax credit that is deemed by subsection 296(5) of the Excise Tax Act to have been claimed in a return or application filed under Part IX of that Act is deemed to have been so claimed for the reporting period under that Act that includes the time when the Minister makes the assessment referred to in that subsection. Quebec input tax refund on assessment (17.3) An amount in respect of an input tax refund that is deemed by section 30.5 of the Tax Administration Act, R.S.Q., c. A-6.002, to have been claimed is deemed to have been so claimed for the reporting period under An Act respecting the Québec sales tax, R.S.Q., c. T-0.1, that includes the day on which an assessment is issued to the taxpayer indicating that the refund has been allocated under that section 30.5. Goods and services tax — repayment of input tax credit
[Repealed, 1994, c. 7, Sch. VII, s. 6] NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 117.1; 1994, c. 7, Sch. VII, s. 6; 2000, c. 19, s. 22; 2001, c. 17, s. 29; 2006, c. 4, s. 58; 2007, c. 2, s. 8; 8, ss. 34, 179; 2009, c. 2, s. 33; 2016, c. 11, s. 1; 2023, c. 26, an. 26. Annual adjustment (A) par le particulier pour l’année d’imposition selon le paragraphe 122.72(1) ou (3), (B) d’une personne qui est son conjoint visé (au sens du paragraphe 122.7(1)) à la fin de l’année, pour l’année d’imposition selon le paragraphe 122.72(1) ou (3), si le paragraphe 122.72(1) s’appliquait compte non tenu du paragraphe 122.7(3), (iii) sinon, est le total des sommes réputées avoir été payées au titre de l’impôt à payer par le particulier en vertu de la présente partie pour une année d’imposition selon le paragraphe 122.72(1) ou (3), si le paragraphe 122.72(1) s’appliquait compte non tenu du paragraphe 122.7(2). Seuils minimaux pour 2004
For the purposes of this Act, where an amount is added at a particular time in determining the net tax of a taxpayer under Part IX of the Excise Tax Act in respect of an input tax credit relating to property or a service that had been previously deducted in determining the net tax of the taxpayer, that amount shall be deemed to be assistance repaid at the particular time in respect of the property or service pursuant to a legal obligation to repay all or part of that assistance. Repayment of Quebec input tax refund (18.1) For the purposes of this Act, if an amount is added at a particular time in determining the net tax of a taxpayer under An Act respecting the Québec sales tax, R.S.Q., c. T-0.1, in respect of an input tax refund relating to property or service that had been previously deducted in determining the net tax of the taxpayer, that amount shall be deemed to be assistance repaid at the particular time in respect of the property or service under a legal obligation to repay all or part of that assistance.
Chacune des sommes de 30 754 $, 61 509 $ et 100 000 $ mentionnées au paragraphe (2) est réputée égale à la plus élevée des sommes ci-après pour ce qui est de l’application de ce paragraphe à l’année d’imposition 2004 : a) la somme qui s’appliquerait à cette année si le présent article s’appliquait compte non tenu du présent paragraphe; b) en ce qui concerne : (i) la somme de 30 754 $ : 35 000 $, (ii) la somme de 61 509 $ : 70 000 $, (iii) la somme de 100 000 $ : 113 804 $.
Except as otherwise provided, property shall be considered to have become available for use for the purposes of this Act at the time at which it has, or would have if it were depreciable property, become available for use for the purpose of subsection 13(26).
[Abrogé, 2000, ch. 19, art. 22]
Subject to subsections (21) to (23), for the purposes of this Act, if at any time a property owned by two or more persons is the subject of a partition, the following rules apply, notwithstanding any retroactive or declaratory effect of the partition: (a) each such person who had, immediately before that time, an interest in, or for civil law a right in, the property (which interest or right in the property is referred to in this subsection and subsection (21) as an “interest” or a “right”, as the case may be) is deemed not to have disposed at that time of that proportion, not exceeding 100%, of the interest or right that the fair market value of that person’s interest or right in the property immediately after that time is of the fair market value of that person’s interest or right in the property immediately before that time, (b) each such person who has an interest or a right in the property immediately after that time is deemed not to have acquired at that time that proportion of the interest or right that the fair market value of that person’s interest or right in the property immediately before that time is of the fair market value of that person’s interest or right in the property immediately after that time, (c) each such person who had an interest or a right in the property immediately before that time is deemed to have had until that time, and to have disposed at that time, of that proportion of the person’s interest or right to which paragraph (b) does not apply, (d) each such person who has an interest or a right in the property immediately after that time is deemed to have acquired at that time, and not to have had before that time, that proportion of the person’s interest or right to which paragraph (b) does not apply, and (e) paragraphs (a) to (d) do not apply if the interest or right of the person is an interest or a right in fungible tangible property, or for civil law fungible corporeal property described in that person’s inventory, and, for the purposes of this subsection, if an interest or a right in the property is an undivided interest or right, the fair market value of the interest or right at any time is deemed to be equal to that proportion of the fair market value of the property at that time that the interest or right is of all the undivided interests or rights in the property.
[Abrogé, 1994, ch. 7, ann. VII, art. 6] NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois d’amendement et modifications appropriées; L.R. (1985), ch. 1 (5e suppl.), art. 117.1; 1994, ch. 7, ann. VII, art. 6; 2000, ch. 19, art. 22; 2001, ch. 17, art. 29; 2006, ch. 4, art. 58; 2007, ch. 2, art. 8; 8, art. 34 et 179; 2009, ch. 2, art. 33; 2016, ch. 11, art. 1; 2023, ch. 26, art. 26. Rajustement annuel des déductions et autres sommes Ajustement annuel
If a property that was owned by two or more persons is the subject of a partition among those persons and, as a consequence of it, each such person has, in the property, a new interest or right the fair market value of which immediately after the partition, expressed as a percentage of the fair market value of all the new interests or rights in the property immediately after the partition, is equal to the fair market value of that person’s undivided interest or right immediately before the partition, expressed as a percentage of the fair market value of all the undivided interests or rights in the property immediately before the partition, (a) subsection (20) does not apply to the property, and (b) the new interest or right of each such person is deemed to be a continuation of that person’s undivided interest or right in the property immediately before the partition, and, for the purposes of this subsection, (c) subdivisions of a building or of a parcel of land that are established in the course of, or in contemplation of, a partition and that are co-owned by the same persons who co-owned the building or the parcel of land, or by their assignee, shall be regarded as one property, and (d) if an interest or a right in the property is or includes an undivided interest or right, the fair market value of the interest or right shall be determined without regard to any discount or premium that applies to a minority or majority interest or right in the property. Matrimonial regimes
by (A/B) - 1 where (1.1) [Repealed, 2017, c. 20, s. 11] (a) the amount of $300 referred to in subparagraph 6(1)(b)(v.1); (d) each of the amounts expressed in dollars in subsection 117(2); (f) the amount of $12,298 in the description of A in subsection 118(1.1); (g) the amount of $15,000 in paragraph (d) of the description of F in subsection 118(1.1); (j) the amount of $15,000 referred to in subsection 118.02(1). (j) the amount of $15,000 referred to in subsection 118.01(2); (n) the amount of $2,500 referred to in subsection 122.51(1); Rounding Consumer Price Index k) chacune des sommes exprimées en dollars visées au paragraphe 118.2(1); l) chacune des sommes exprimées en dollars visées au paragraphe 118.3(1); m) chacune des sommes exprimées en dollars visées au paragraphe 122.5(3); n) la somme de 2 500 $ visée au paragraphe 122.51(1); o) chacune des sommes exprimées en dollars visées au paragraphe 122.51(2); p) la somme de 14 000 $ visée au paragraphe 122.7(1.3); q) les sommes de 1 395 $ et de 2 403 $ visées à l’élément A de la formule figurant au paragraphe 122.7(2) et chacune des sommes exprimées en dollars visées à l’élément B de cette formule; r) la somme de 720 $ visée à l’élément C de la formule figurant au paragraphe 122.7(3) et chacune des sommes exprimées en dollars visées à l’élément D de cette formule; s) la somme de 10 000 $ visée à l’élément B de la formule figurant au paragraphe 122.91(2); t) chacune des sommes exprimées en dollars visées par la partie I.2. Arrondissement
Where at any time property could, as a consequence of the dissolution of a matrimonial regime between 2 spouses or common-law partners, be the subject of a partition, for the purposes of this Act (a) where that property was owned by one of the spouses or common-law partners immediately before it became subject to that regime and had not subsequently been disposed of before that time, it shall be deemed to be owned at that time by that spouse or common-law partner and not by the other spouse or common-law partner; and (b) in any other case, the property shall be deemed to be owned by the spouse or common-law partner who has the administration of that property at that time and not by the other spouse or common-law partner.
Pour toute somme visée au présent article qui est à rajuster conformément au présent article, les résultats sont arrêtés à l’unité, ceux qui ont au moins cinq en première décimale étant arrondis à l’unité supérieure. Indice des prix à la consommation pour 12 mois
Where, immediately after the dissolution of a matrimonial regime (other than a dissolution occurring as a consequence of death), the owner of a property that was subject to that regime is not the person, or the estate of the person, who is deemed by subsection 248(22) to have been the owner of the property immediately before the dissolution, the person shall be deemed for the purposes of this Act to have transferred the property to the person’s spouse or common-law partner immediately before the dissolution. Transfers after death (23.1) If, as a consequence of the laws of a province relating to spouses’ or common-law partners’ interests or rights in respect of property as a result of marriage or common-law partnership, property is, after the death of a taxpayer, (a) transferred or distributed to a person who was the taxpayer’s spouse or common-law partner at the time of the death, or acquired by that person, the property shall be deemed to have been so transferred, distributed or acquired, as the case may be, as a consequence of the death; or (b) transferred or distributed to the taxpayer’s estate, or acquired by the taxpayer’s estate, the property shall be deemed to have been so transferred, distributed or acquired, as the case may be, immediately before the time that is immediately before the death. Accounting methods
Au présent article, l’indice des prix à la consommation pour une période de 12 mois est obtenu par : a) l’addition des indices mensuels des prix à la consommation de la période pour le Canada, publiés par Statistique Canada en application de la Loi sur la statistique, rajustés de la manière prévue par règlement; b) la division de ce total par 12; c) l’arrêt du quotient ainsi obtenu à la troisième décimale, les résultats ayant au moins cinq en quatrième [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 117; 1994, c. 7, Sch. II, s. 135; 1996, c. 21, s. 12; 1997, c. 25, s. 15; 1998, c. 19, s. 22; 1999, c. 22, s. 30; 2000, c. 14, s. 37; 1999, c. 22, ss. 205, 192; 2006, c. 4, ss. 59, 60, 207; c. 29, s. 16; c. 52, s. 4; c. 35, s. 20; c. 25, s. 22; 2013, c. 40, s. 48; 2017, c. 20, s. 11; 2018, c. 12, s. 10; 2019, c. 29, s. 14; 2021, c. 23, s. 18. Personal credits A × B where Married or common-law partnership status C + C.01 – C.1 where C is (i) D + D.01 – D.1 where D is (A) $2,150 if (ii) d’autre part, il tient, seul ou avec une ou plusieurs autres personnes, et habite un établissement domestique autonome où il subvient aux besoins d’une personne qui, à ce moment, remplit les conditions suivantes : (A) elle réside au Canada, sauf s’il s’agit d’un enfant du particulier, (B) elle est entièrement à charge soit du particulier, soit du particulier et d’une ou de plusieurs de ces autres personnes, (C) elle est liée au particulier, (D) sauf s’il s’agit du père, de la mère, du grand-père ou de la grand-mère du particulier, elle est âgée de moins de 18 ans, soit à charge en raison d’une infirmité mentale ou physique, D + D.01 – D.1 où : D représente : (i) 2 150 $, si : (A) la personne à charge est âgée de 18 ans ou plus à la fin de l’année et était à la charge du particulier au cours de l’année en raison d’une infirmité mentale ou physique, (B) la personne à charge est une personne, sauf un enfant du particulier relativement auquel l’alinéa (b.1) s’applique, qui, à la fin de l’année, est âgée de moins de 18 ans et qui, en raison d’une infirmité mentale ou physique, dépendra vraisemblablement d’autrui, pour une longue période d’une durée indéterminée, pour ses besoins personnels, et ce dans une mesure plus importante que d’autres personnes du même âge, et qui dépend ainsi du particulier au cours de l’année, (ii) zéro, dans les autres cas,
For greater certainty, it is hereby declared that, unless specifically required, neither the equity nor the consolidation method of accounting shall be used to determine any amount for the purposes of this Act. Beneficially interested
01 le montant personnel de base du particulier pour l’année,
For the purposes of this Act, (a) a person or partnership beneficially interested in a particular trust includes any person or partnership that has any right (whether immediate or future, whether absolute or contingent or whether conditional on or subject to the exercise of any discretion by any person or partnership) as a beneficiary under a trust to receive any of the income or capital of the particular trust either directly from the particular trust or indirectly through one or more trusts or partnerships; (b) except for the purpose of this paragraph, a particular person or partnership is deemed to be beneficially interested in a particular trust at a particular time where (i) the particular person or partnership is not beneficially interested in the particular trust at the particular time, (ii) because of the terms or conditions of the particular trust or any arrangement in respect of the particular trust at the particular time, the particular person or partnership might, because of the exercise of any discretion by any person or partnership, become beneficially interested in the particular trust at the particular time or at a later time, and (iii) at or before the particular time, either (A) the particular trust has acquired property, directly or indirectly in any manner whatever, from (I) the particular person or partnership, (II) another person with whom the particular person or partnership, or a member of the particular partnership, does not deal at arm’s length, (III) a person or partnership with whom the other person referred to in subclause 248(25)(b)(iii)(A)(II) does not deal at arm’s length, (IV) a controlled foreign affiliate of the particular person or of another person with whom the particular person or partnership, or a member of the particular partnership, does not deal at arm’s length, or (V) a non-resident corporation that would, if the particular partnership were a corporation resident in Canada, be a controlled foreign affiliate of the particular partnership, or (B) a person or partnership described in any of subclauses 248(25)(b)(iii)(A)(I) to 248(25)(b)(iii)(A)(V) has given a guarantee on behalf of the particular trust or provided any other financial assistance whatever to the particular trust; and (c) a member of a partnership that is beneficially interested in a trust is deemed to be beneficially interested in the trust. Trust-to-trust transfers (25.1) If, at any time, a particular trust transfers property to another trust (other than a trust governed by a registered retirement savings plan or by a registered retirement income fund) in circumstances to which paragraph (f) of the definition disposition in subsection (1) applies, without affecting the personal liabilities under this Act of the trustees of either trust or the application of subsection 104(5.8), the following rules apply: (a) the other trust is deemed to be after that time the same trust as, and a continuation of, the particular trust; and (b) for greater certainty, if, as a result of a transaction or event, the property was deemed to be taxable Canadian property of the particular trust by any of paragraphs 51(1)(f), 85(1)(i) and 85.1(1)(a), subsection 85.1(5), paragraph 85.1(8)(b), subsections 87(4) and (5) and paragraphs 97(2)(c) and 107.3(1)(d), the property is also deemed to be, at any time that is within 60 months after the transaction or event, taxable Canadian property of the other trust. (25.2) Except for the purpose of this subsection, where at any time property is transferred to a trust in circumstances to which paragraph (k) of the definition disposition in subsection (1) applies, the trust is deemed to deal with the property as agent for the transferor throughout the period that begins at the time of the transfer and ends at the time of the first change after that time in the beneficial ownership of the property. Cost of trust interest (25.3) The cost to a taxpayer of a particular unit of a trust is deemed to be equal to the amount described in paragraph (a) where (a) the trust issues the particular unit to the taxpayer directly in satisfaction of a right to enforce payment of an amount by the trust in respect of the taxpayer’s capital interest in the trust; (b) at the time that the particular unit is issued, the trust is neither a personal trust nor a trust prescribed for the purpose of subsection 107(2); and (c) either (i) the particular unit is capital property and the amount is not proceeds of disposition of a capital interest in the trust, or (ii) the particular unit is not capital property and subparagraph 53(2)(h)(i.1) does not apply in respect of the amount described in paragraph (a) but would so apply if that subparagraph were read without reference to clauses 53(2)(h)(i.1)(A) and (B). Where acquisition by another of right to enforce (25.4) If at a particular time a taxpayer’s capital interest in a trust includes a right to enforce payment of an amount by the trust, the amount shall be added at the particular time to the cost otherwise determined to the taxpayer of the capital interest where (a) immediately after the particular time there is a disposition by the taxpayer of the capital interest; (b) as a consequence of the disposition, the right to enforce payment of the amount is acquired by another person or partnership; and (c) if the right to enforce payment of the amount had been satisfied by a payment to the taxpayer by the trust, there would have been no disposition of that right for the purposes of this Act because of the application of paragraph (i) of the definition disposition in subsection (1).
1 le revenu de la personne à charge pour l’année; Montant pour aidant naturel — enfant ayant une infirmité b.1) 2 150 $ pour chaque enfant du particulier qui est âgé de moins de 18 ans à la fin de l’année et qui, en raison d’une infirmité mentale ou physique, dépendra Caregiver amount for infirm child (ii) except if subparagraph (i) applies, the individual Single status (c.1) [Repealed, 2017, c. 20, s. 12] (d) for each person who, at any time in the year, vraisemblablement d’autrui, pour une longue période continue d’une durée indéterminée, pour ses besoins et soins personnels dans une mesure plus importante que d’autres enfants du même âge si l’une des conditions ci-après est remplie : (i) l’enfant réside habituellement, tout au long de l’année, avec le particulier et un autre parent de l’enfant, (ii) sauf en cas d’application du sous-alinéa (i), le particulier : (A) soit peut déduire une somme en application de l’alinéa b) relativement à l’enfant, (B) soit pourrait déduire une somme en application de l’alinéa b) relativement à l’enfant si les faits ci-après étaient avérés : (I) l’alinéa (4)a) et le passage « ou pour le même établissement domestique autonome » à l’alinéa (4)b) ne s’appliquaient pas au particulier pour l’année, (II) l’enfant n’avait pas de revenu pour l’année. Crédit de base c) le montant personnel de base du particulier pour l’année, sauf si le particulier a droit à une déduction en application de l’alinéa a) ou b);
For greater certainty, where at any time a person or partnership (in this subsection referred to as the “debtor”) becomes liable to repay money borrowed by the debtor or becomes liable to pay an amount (other than interest) (a) as consideration for any property acquired by the debtor or services rendered to the debtor, or (b) that is deductible in computing the debtor’s income, for the purposes of applying the provisions of this Act relating to the treatment of the debtor in respect of the liability, the liability shall be considered to be an obligation, issued at that time by the debtor, that has a principal amount at that time equal to the amount of the liability at that time. (a) unless the context requires otherwise, an obligation issued by a debtor includes any part of a larger obligation that was issued by the debtor; (b) the principal amount of that part shall be considered to be the portion of the principal amount of that larger obligation that relates to that part; and (c) the amount for which that part was issued shall be considered to be the portion of the amount for which that larger obligation was issued that relates to that part. Limitation respecting inclusions, deductions and tax credits
c.1) [Abrogé, 2017, ch. 20, art. 12] Crédit canadien pour aidant naturel d) le montant obtenu par la formule ci-après, pour chaque personne qui, à un moment de l’année, remplit les conditions suivantes : (i) elle est à la charge du particulier en raison d’une infirmité mentale ou physique, (ii) l’un des énoncés ci-après se vérifie à l’égard d’elle : (A) elle est l’époux ou le conjoint de fait du particulier, (B) elle est âgée d’au moins 18 ans et est une personne à charge du particulier, 6 883 $ − E où : E représente l’excédent éventuel du revenu de la personne pour l’année sur 16 163 $; (ii) either $6,883 − E where A + B where C − D × E where F − G where F is (d) for the 2023 and subsequent taxation years, $15,000, Montant supplémentaire e) dans le cas où le particulier a droit à une déduction pour une personne par l’effet des alinéas a) ou b) et aurait droit à une déduction pour la même personne par l’effet de l’alinéa d) si ce n’était l’alinéa (4)c), l’excédent du montant qui serait déterminé selon l’alinéa d) sur celui déterminé selon les alinéas a) ou b), selon le cas, relativement à la personne. Définition de montant personnel de base (1.1) Pour l’application du paragraphe (1), le montant personnel de base d’un particulier pour une année d’imposition s’entend de la somme obtenue par la formule suivante : A + B où : A représente 12 298 $; B la somme obtenue par la formule suivante : C − D × E où : C représente la somme obtenue par la formule suivante : F − G où : F représente : a) 13 229 $ pour l’année d’imposition 2020, b) 13 808 $ pour l’année d’imposition 2021, E is (H – I)/J where K – L where c) 14,398 $ pour l’année d’imposition 2022, d) 15,000 $ pour les années d’imposition 2023 et suivantes, G la valeur de l’élément A, D la valeur de l’élément C, E : a) si le revenu du particulier pour l’année n’excède pas la première somme pour l’année mentionnée à l’alinéa 117(2)d), zéro, b) dans les autres cas, le moins élevé entre 1 et la somme obtenue par la formule suivante : (H – I)/J où : H représente le revenu du particulier pour l’année, I la première somme pour l’année mentionnée à l’alinéa 117(2)d), J la somme obtenue par la formule suivante : K – L où : K représente la première somme pour l’année mentionnée à l’alinéa 117(2)e), L la valeur de l’élément I. A × ($6,408 – B) where Crédit pour personnes âgées
Unless a contrary intention is evident, no provision of this Act shall be read or construed (a) to require the inclusion or permit the deduction, either directly or indirectly, in computing a taxpayer’s income, taxable income or taxable income earned in Canada, for a taxation year or in computing a taxpayer’s income or loss for a taxation year from a particular source or from sources in a particular place, of any amount to the extent that the amount has already been directly or indirectly included or deducted, as the case may be, in computing such income, taxable income, taxable income earned in Canada or loss, for the year or any preceding taxation year; (b) to permit the deduction, either directly or indirectly, in computing a taxpayer’s tax payable under any Part of this Act for a taxation year of any amount to the extent that the amount has already been directly or indirectly deducted in computing such tax payable for the year or any preceding taxation year; or (c) to consider an amount to have been paid on account of a taxpayer’s tax payable under any Part of this Act for a taxation year to the extent that the amount has already been considered to have been paid on account of such tax payable for the year or any preceding taxation year. Farming or fishing business
Le particulier qui a atteint l’âge de 65 ans avant la fin d’une année d’imposition peut déduire le résultat du calcul suivant dans le calcul de son impôt payable en vertu de la présente partie pour l’année : A × (6 408 $ – B) où : A représente le taux de base pour l’année; B le montant qui représenterait 15 % de l’excédent éventuel du revenu du particulier pour l’année sur 25 921 $ si, dans le calcul de ce revenu, aucun montant n’était inclus au titre d’un gain provenant de la disposition de bien à laquelle s’applique l’article 79 et aucun montant n’était déductible en application de l’alinéa 20(1)ww). A × B where (a) $2,000, and (b) the total of (3.1) and (3.2) [Repealed, 2009, c. 2, s. 34] (3.3) [Repealed, 2007, c. 29, s. 9] Limitations re s. (1) (d) if more than one individual is entitled to a deduction under subsection (1) because of paragraph (d) of the description of B in subsection (1) for a taxation year in respect of the same person, (e) [Repealed, 2017, c. 20, s. 12] a.2) toute mention d’un revenu pour une année s’entend d’un revenu déterminé comme si aucune somme n’était déductible dans le calcul de ce revenu en application de l’alinéa 20(1)(ww); b) un seul particulier a droit pour une année d’imposition à une déduction prévue au paragraphe (1), par application de l’alinéa (1)b), pour la même personne ou pour le même établissement domestique autonome; dans le cas où plusieurs particuliers auraient droit par ailleurs à cette déduction, mais ne s’entendent pas sur celui d’entre eux qui la fait, elle n’est accordée à aucun d’eux pour l’année; b.1) un seul particulier a droit, pour une année d’imposition, à la déduction prévue au paragraphe (1), par application de l’alinéa (1)b.1), pour le même enfant; dans le cas où plusieurs particuliers auraient droit par ailleurs à cette déduction, mais ne s’entendent pas sur celui d’entre eux qui la fait, elle n’est accordée à aucun d’eux pour l’année; c) si un particulier a droit, pour une année d’imposition, à la déduction prévue au paragraphe (1) par l’effet des alinéas (1)a) ou b) à l’égard d’une personne, aucun montant n’est déductible par l’effet de l’alinéa (1)d) pour l’année à l’égard de la personne; d) si plus d’un particulier a droit, pour une année d’imposition, à la déduction prévue au paragraphe (1) par l’effet de l’alinéa (1)d) relativement à la même personne, les règles ci-après s’appliquent : (i) le total des montants ainsi déductibles pour l’année ne peut dépasser le maximum qu’un seul de ces particuliers pourrait déduire pour l’année pour cette personne, (ii) si ces particuliers ne s’entendent pas sur la répartition de ce maximum entre eux, le ministre peut faire cette répartition. e) [Abrogé, 2017, ch. 20, art. 12] Pension alimentaire
For the purposes of subsection 40(1.1) and sections 70, 73 and 110.6, if at any time a person or partnership carries on a farming business and a fishing business, a property used at that time principally in a combination of the activities of the farming business and the fishing business is deemed to be used at that time principally in the course of carrying on a farming or fishing business. Intention to give
Aucun montant n’est déductible en application du paragraphe (1) relativement à une personne dans le Definition of dependant Definitions calcul de l’impôt payable par un particulier en vertu de la présente partie pour une année d’imposition si le particulier, d’une part, est tenu de payer une pension alimentaire au sens du paragraphe 56.1(4) à son époux ou ancien conjoint de fait ou ex-époux ou ancien conjoint de fait pour la personne et, d’autre part, selon le cas : a) vit séparé de son époux ou conjoint de fait ou ex-époux ou ancien conjoint de fait tout au long de l’année pour cause d’échec de leur mariage ou union de fait; b) demande une déduction pour l’année par l’effet de l’article 60 au titre de la pension alimentaire versée à son époux ou conjoint de fait ou ex-époux ou ancien conjoint de fait. Non-application du par. (5) (5.1) À supposer que la présente loi s’applique comme non tenu du présent paragraphe, dans le cas où personne n’a droit, par le seul effet de l’application du paragraphe (5), à une déduction prévue aux alinéas (1)b) ou b.1) pour une année d’imposition relativement à un enfant, le paragraphe (5) ne s’applique pas relativement à l’enfant pour l’année en cause. Personne à charge — définition
The existence of an amount of an advantage in respect of a transfer of property does not in and by itself disqualify the transfer from being a gift to a qualified donee if (a) the amount of the advantage does not exceed 80% of the fair market value of the transferred property; or (b) the transferor of the property establishes to the satisfaction of the Minister that the transfer was made with the intention to make a gift. Eligible amount of gift or monetary contribution
Pour l’application de l’alinéa (1)d), est une personne à charge, relativement à un particulier au cours d’une année d’imposition, la personne aux besoins de laquelle le particulier subvient à un moment de l’année si elle est, par rapport au particulier ou à son époux ou conjoint de fait : a) son enfant ou petit-enfant; b) son père ou sa mère, son grand-père ou sa grand-mère, son oncle ou sa tante, son frère ou sa sœur, son neveu ou sa nièce, qui réside au Canada à un moment de l’année. Définitions
The eligible amount of a gift or monetary contribution is the amount by which the fair market value of the property that is the subject of the gift or monetary contribution exceeds the amount of the advantage, if any, in respect of the gift or monetary contribution. Amount of advantage
Sous réserve des paragraphes (8) et (8.1), les définitions qui suivent s’appliquent au présent paragraphe et au paragraphe (3) : revenu de pension S’agissant du revenu de pension qu’un particulier a reçu au cours d’une année d’imposition, le total des montants suivants : a) les montants que le particulier inclut dans le calcul de son revenu pour l’année : (i) à titre de rente viagère reçue dans le cadre d’un régime de retraite ou de pension (sauf un régime de (iii.1) a payment out of a money purchase provision (as defined in subsection 147.1(1)) of a registered pension plan or under a specified pension plan, revenu de pension admissible S’agissant du revenu de pension admissible qu’un particulier a reçu au cours d’une année d’imposition, le total des montants suivants inclus dans le calcul de son revenu pour l’année : a) les montants visés au sous-alinéa a)(i) de la définition de revenu de pension au présent paragraphe; b) les montants visés aux sous-alinéas a)(ii) à (vi) et à l’alinéa b) de la définition de revenu de pension au présent paragraphe, reçus par le particulier autre que de son époux ou conjoint de fait. (qualified pension income) Interpretation (c) a death benefit; (d) the amount, if any, by which exceeds revenu de pension déterminé Le revenu de pension déterminé d’un particulier pour une année d’imposition correspond à ce qui suit : a) si le particulier a atteint 65 ans avant la fin de l’année d’imposition, le revenu de pension qu’il a reçu au cours de l’année; b) sinon, le revenu de pension admissible qu’il a reçu au cours de l’année d’imposition. (eligible pension income)
The amount of the advantage in respect of a gift or monetary contribution by a taxpayer is the total of (a) the total of all amounts, other than an amount referred to in paragraph (b), each of which is the value, at the time the gift or monetary contribution is made, of any property, service, compensation, use or other benefit that the taxpayer, or a person or partnership who does not deal at arm’s length with the taxpayer, has received, obtained or enjoyed, or is entitled, either immediately or in the future and either absolutely or contingently, to receive, obtain, or enjoy (i) that is consideration for the gift or monetary contribution, (ii) that is in gratitude for the gift or monetary contribution, or (iii) that is in any other way related to the gift or monetary contribution, and (b) the limited-recourse debt, determined under subsection 143.2(6.1), in respect of the gift or monetary contribution at the time the gift or monetary contribution is made. Cost of property acquired by donor
Pour l’application du paragraphe (7), sont exclus du revenu de pension et du revenu de pension admissible qu’un particulier reçoit au cours d’une année d’imposition les sommes reçues : a) au titre de la pension ou du supplément prévu par la Loi sur la sécurité de la vieillesse ou au titre d’un paiement semblable prévu par une loi provinciale; b) au titre d’une prestation prévue par le Régime de pensions du Canada ou par un régime provincial de pensions au sens de l’article 3 de cette loi; c) à titre de prestation consécutive au décès; d) au titre de l’excédent éventuel de la somme visée au sous-alinéa (i) sur la somme visée au sous-alinéa (ii) : (i) toute somme à inclure dans le calcul du revenu du particulier pour l’année, (ii) l’excédent éventuel de la somme visée au sous-alinéa (i) sur le total des sommes déduites par le particulier pour l’année (sauf celles visées à l’alinéa 60c)) au titre de cette somme; e) au titre d’un paiement reçu dans le cadre d’une convention d’étalement du traitement, d’un régime de rémunération différée, d’un régime de prestations aux employés ou d’une fiducie d’employés; f) au titre d’un paiement (sauf un paiement prévu par la Loi sur les juges ou la Loi sur la pension de retraite des lieutenants-gouverneurs) reçu dans le cadre d’un régime ou mécanisme complémentaire sans capitalisation, à savoir un régime ou mécanisme à l’égard du Bridging benefits
The cost to a taxpayer of a property, acquired by the taxpayer in circumstances where subsection (32) applies to include the value of the property in computing the amount of the advantage in respect of a gift or monetary contribution, is equal to the fair market value of the property at the time the gift or monetary contribution is made.
[Repealed, 2009, c. 2, s. 34] --- (i) que le paiement se rapporte à des services que le particulier, son époux ou conjoint de fait ou son ex-époux ou ancien conjoint de fait a rendus, à titre d’employé, à un employeur, (ii) que le régime ou mécanisme aurait été une convention de retraite ou un régime de prestations aux employés si l’employeur avait versé, au titre du paiement, une cotisation à une fiducie régie par le régime ou mécanisme. Prestations de raccordement (8.1) Pour l’application du paragraphe (7), tout paiement au titre d’une rente viagère prévue par un régime de retraite ou de pension est réputé inclure un paiement au titre de prestations de raccordement, à savoir des prestations prévues par un régime de pension agréé qui sont payables périodiquement et au moins annuellement à un particulier, dans le cas où, à la fois : a) le particulier, son époux ou conjoint de fait ou son ex-époux ou ancien conjoint de fait était un participant, au sens du paragraphe 147.1(1), au régime de pension agréé; b) les prestations sont payables pendant une période se terminant au plus tard le jour qui marque la fin du mois suivant celui au cours duquel le participant atteint 65 ans ou aurait atteint cet âge s’il avait survécu jusqu’à ce jour; c) le montant, calculé sur une année, des prestations payables au particulier pour une année civile n’excède pas le total du maximum des prestations payables pour cette année en vertu de la partie I de la Loi sur la sécurité de la vieillesse et du maximum des prestations (sauf les prestations pour invalidité, les prestations de décès et les prestations au survivant) payables pour cette année en vertu du Régime de pensions du Canada ou d’un régime provincial de pensions au sens de l’article 3 de cette loi.
If at any time in a taxation year a taxpayer has paid an amount (in this subsection referred to as the “repaid amount”) on account of the principal amount of an indebtedness which was, before that time, an unpaid principal amount that was a limited-recourse debt referred to in subsection 143.2(6.1) (in this subsection referred to as the “former limited-recourse debt”) in respect of a gift or monetary contribution (in this subsection referred to as the “original gift” or “original monetary contribution”, respectively, as the case may be) of the taxpayer (otherwise than by way of an assignment or transfer of a guarantee, security or similar indemnity or covenant, or by way of a payment in respect of which any taxpayer referred to in subsection 143.2(6.1) has incurred an indebtedness that would be a limited-recourse debt referred to in that subsection if that indebtedness were in respect of a gift or monetary contribution made at the time that the indebtedness was incurred), the following rules apply: (a) if the former limited-recourse debt is in respect of the original gift, for the purposes of sections 110.1 and 118.1, the taxpayer is deemed to have made in the taxation year a gift to a qualified donee, the eligible amount of which deemed gift is the amount, if any, by which (i) the amount that would have been the eligible amount of the original gift, if the total of all such repaid amounts paid at or before that time were paid immediately before the original gift was made, (A) the eligible amount of the original gift, and (B) the eligible amount of all other gifts deemed by this paragraph to have been made before that time in respect of the original gift; and (b) if the former limited-recourse debt is in respect of the original monetary contribution, for the purposes of subsection 127(3), the taxpayer is deemed to have made in the taxation year a monetary contribution referred to in that subsection, the eligible amount of which is the amount, if any, by which (i) the amount that would have been the eligible amount of the original monetary contribution, if the total of all such repaid amounts paid at or before that time were paid immediately before the original monetary contribution was made, (A) the eligible amount of the original monetary contribution, (A) the eligible amount of the original monetary contribution, and (B) the eligible amount of all other monetary contributions deemed by this paragraph to have been made before that time in respect of the original monetary contribution. Deemed fair market value
[Abrogé, 2009, ch. 2, art. 34] Crédit d’impôt pour enfants (9.1) Il est entendu que, dans le cas d’un enfant qui naît, est adopté ou décède dans une année d’imposition, la mention « tout au long de l’année » au sous-alinéa 118(1)b.1)(i) vaut mention de « tout au long de la partie de l’année qui est postérieure à sa naissance ou son adoption ou antérieure à son décès ». A × B where (a) $1,000, and S.C. 1985, c. 1 (5th Supp.), s. 118.1; 1994, c. 7, Sch. II, s. 5; 1996, c. 21, s. 52; 1997, c. 25, s. 75; 1998, c. 19, s. 138; 1999, c. 22, s. 40; 2000, c. 19, s. 44; 2001, c. 17, s. 39; 2007, c. 35, s. 60; 2010, c. 25, s. 2; 2012, c. 19, s. 2; 2013, c. 34, s. 246; 2016, c. 12, s. 33; 2017, c. 20, s. 12; c. 33, s. 42; 2018, c. 12, s. 11; 2021, c. 23, s. 129; 2023, c. 26, s. 27. Definitions (d) document translation fees; A × B where (a) $15,000, and C - D where (g) toutes autres sommes raisonnables relatives à l’adoption et exigées par une administration provinciale ou par un organisme d’adoption agréé par une telle administration. (eligible adoption expense) enfant admissible Par rapport à un particulier, enfant qui n’a pas atteint l’âge de 18 ans au moment où une ordonnance d’adoption est délivrée ou reconnue par une administration au Canada relativement à l’adoption de l’enfant par le particulier. (eligible child) période d’adoption En ce qui concerne l’enfant admissible d’un particulier, période qui commence au moment visé à l’alinéa a) et se termine au moment visé à l’alinéa b) : a) le moment de la présentation d’une demande d’inscription auprès du ministère provincial responsable des adoptions ou auprès d’un organisme d’adoption agréé par une administration provinciale ou, s’il est antérieur, le moment où un tribunal canadien est saisi de la requête en adoption; b) le moment où l’ordonnance d’adoption à l’égard de l’enfant est délivrée ou reconnue par une administration au Canada ou, s’il est antérieur, le moment où l’enfant commence à résider en permanence avec le particulier. (adoption period) Crédit d’impôt pour frais d’adoption
For the purposes of subsection (31), paragraph 69(1)(b) and subsections 110.1(2.1) and (3) and 118.1(5.4), (6) and (13.2), the fair market value of a property that is the subject of a gift made by a taxpayer to a qualified donee is deemed to be the lesser of the fair market value of the property otherwise determined and the cost or, in the case of capital property, the adjusted cost base or, in the case of a life insurance policy in respect of which the taxpayer is a policyholder, the adjusted cost basis (as defined in subsection 148(9)), of the property to the taxpayer immediately before the gift is made if (a) the taxpayer acquired the property under a gifting arrangement that is a tax shelter as defined in subsection 237.1(1); or (b) except where the gift is made as a consequence of the taxpayer’s death, (i) the taxpayer acquired the property less than three years before the day that the gift is made, or (ii) the taxpayer acquired the property less than 10 years before the day that the gift is made and it is reasonable to conclude that, at the time the taxpayer acquired the property, one of the main reasons for the acquisition was to make a gift of the property to a qualified donee.
Est déductible dans le calcul de l’impôt à payer en vertu de la présente partie par un particulier pour l’année d’imposition qui comprend la fin de la période d’adoption relative à un enfant admissible du particulier la somme obtenue par la formule suivante : A × B où : A représente le taux de base pour l’année; B la moins élevée des sommes suivantes : a) 15 000 $, b) la somme obtenue par la formule suivante : C - D où : C représente le total des dépenses d’adoption admissibles relatives à l’enfant, D le total des sommes représentant chacune le montant d’un remboursement ou de toute autre aide (à l’exception d’une somme qui est incluse dans le calcul du revenu du particulier, mais qui n’est pas déductible dans ce [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2006, c. 4, s. 6; 2012, c. 33, s. 9; 2014, c. 20, s. 6. Definitions (b) the qualified Canadian journalism organization does not hold a licence as defined in subsection 2(1) of the Broadcasting Act. (abonnement aux nouvelles numériques) (b) if there is no such comparable digital news subscription, 1/2 of the amount actually paid. (dépense pour abonnement admissible)
If a taxpayer acquired a property, otherwise than by reason of the death of an individual, that is the subject of a gift to which subsection (35) applies because of subparagraph (35)(b)(i) or (ii) and the property was, at any time within the 3-year or 10-year period, respectively, that ends when the gift was made, acquired by a person or partnership with whom the taxpayer does not deal at arm’s length, for the purpose of applying subsection (35) to the taxpayer, the cost or, in the case of capital property, the adjusted cost base, of the property to the taxpayer immediately before the gift is made is deemed to be equal to the lowest amount that is the cost or, in the case of capital property, the adjusted cost base, to the taxpayer or any of those persons or partnerships immediately before the property was disposed of by that person or partnership.
Si plus d’un particulier a droit, pour une année d’imposition, à la déduction prévue au présent article relativement à l’adoption d’un enfant admissible, le total des sommes ainsi déductibles ne peut dépasser le maximum qu’un seul de ces particuliers pourrait déduire pour l’année pour cet enfant. Si ces particuliers ne s’entendent pas sur la répartition de ce maximum entre eux, le ministre peut faire cette répartition. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent texte codifié; voir les lois et règlements modificatifs appropriés.] 2006, ch. 4, art. 6; 2012, ch. 33, art. 9; 2014, ch. 20, art. 6. Définitions
Subsection (35) does not apply to a gift (b) of real property or an immovable situated in Canada; (c) of an object referred to in subparagraph 39(1)(a)(i.1), other than an object acquired under a gifting arrangement (as defined in subsection 237.1(1)) that is a tax shelter; (i) the share was issued by the corporation to the donor, (ii) immediately before the gift, the corporation was controlled by the donor, a person related to the donor or a group of persons each of whom is related to the donor, and (iii) subsection (35) would not have applied in respect of the consideration for which the share was issued had that consideration been donated by the donor to the qualified donee when the share was so donated; (f) by a corporation of property if (i) the property was acquired by the corporation in circumstances to which subsection 85(1) or (2) applied, (ii) immediately before the gift, the shareholder from whom the corporation acquired the property controlled the corporation or was related to a person or each member of a group of persons that controlled the corporation, and (iii) subsection (35) would not have applied in respect of the property had the property not been transferred to the corporation and had the shareholder made the gift to the qualified donee when the corporation so made the gift; or (g) of a property that was acquired in circumstances where subsection 70(6) or (9) or 73(1), (3) or (4) applied, unless subsection (36) would have applied if this subsection were read without reference to this paragraph.
abonnement aux nouvelles numériques S’agissant d’un abonnement aux nouvelles numériques d’un particulier auprès d’une organisation journalistique canadienne qualifiée, entente conclue entre l’organisation journalistique canadienne qualifiée et le particulier, si : a) l’entente donne droit à un particulier d’accéder au contenu numérique de l’organisation, lequel est principalement constitué de nouvelles écrites; b) l’organisation n’est pas titulaire d’une licence au sens du paragraphe 2(1) de la Loi sur la radiodiffusion. (digital news subscription) dépense pour abonnement admissible Relativement à une année d’imposition, montant payé pendant l’année pour un abonnement aux nouvelles numériques d’un particulier auprès d’une organisation journalistique canadienne qualifiée. À cet égard, si l’abonnement aux nouvelles numériques donne accès à du contenu non numérique ou autre que celui d’organisations journalistiques canadiennes qualifiées, le montant considéré comme étant payé pour l’abonnement aux nouvelles numériques ne peut dépasser : a) le coût d’un abonnement aux nouvelles numériques comparable auprès de l’organisation journalistique canadienne qualifiée qui donne uniquement accès au contenu numérique d’organisations journalistiques canadiennes qualifiées; b) à défaut d’un tel abonnement comparable, la moitié du montant effectivement payé. (qualifying subscription expense) A × B where (a) $500, and Crédit d’impôt pour abonnement aux nouvelles numériques
The eligible amount of a particular gift of property by a taxpayer is nil if it can reasonably be concluded that the particular gift relates to a transaction or series of transactions (a) one of the purposes of which is to avoid the application of subsection (35) to a gift of any property; or (b) that would, if this Act were read without reference to this paragraph, result in a tax benefit to which subsection 245(2) applies. Substantive gift
Le montant obtenu par la formule suivante est déductible dans le calcul de l’impôt payable par un particulier en vertu de la présente partie pour une année d’imposition antérieure à 2025 : A × B où : A représente le taux de base pour l’année; B le moins élevé des montants suivants : a) 500 $, b) le total des sommes dont chacune représente une dépense pour abonnement admissible du particulier pour l’année. Répartition du crédit
If a taxpayer disposes of a property (in this subsection referred to as the substantive gift) that is a capital property of the taxpayer, to a recipient that is a registered party, a registered association or a candidate, as those terms are defined in the Canada Elections Act, or that is a qualified donee, subsection (35) would have applied in respect of the substantive gift if it had been the subject of a gift by the taxpayer to a qualified donee, and all or a part of the proceeds of disposition of the substantive gift are (or are substituted, directly or indirectly, in any manner whatever, for) property that is the subject of a gift or monetary contribution by the taxpayer to the recipient or any person dealing not at arm’s length with the recipient, the following rules apply: (a) for the purpose of subsection (31), the fair market value of the property that is the subject of the gift or monetary contribution made by the taxpayer is deemed to be that proportion of the lesser of the fair market value of the substantive gift and the cost of, or if the substantive gift is capital property of the taxpayer, the adjusted cost base, of the substantive gift to the taxpayer immediately before the disposition to the recipient, that the fair market value otherwise determined of the property that is the subject of the gift or monetary contribution is of the proceeds of disposition of the substantive gift; and (b) if the substantive gift is capital property of the taxpayer, for the purpose of the definitions proceeds of disposition of property in subsection 13(21) and section 54, the sale price of the substantive gift is to be reduced by the amount by which the fair market value of the property that is the subject of the gift (determined without reference to this section) exceeds the fair market value determined under paragraph (a).
Si plus d’un particulier a droit, pour une année d’imposition, à une déduction en vertu du présent article relativement à une dépense pour abonnement admissible, le total des sommes ainsi déductibles ne peut dépasser le maximum qu’un seul de ces particuliers pourrait déduire pour l’année à l’égard de la dépense pour abonnement admissible. Si ces particuliers ne s’entendent pas sur la répartition de ce maximum entre eux, le ministre peut faire cette répartition. Cessation de l’admissibilité
Subsection (30) does not apply in respect of a gift received by a qualified donee from a registered charity.
Pour l’application du paragraphe (1), si un montant payé aux termes d’une entente cesse, à un moment donné au cours de l’année civile, de constituer une dépense pour abonnement admissible et qu’au moment donné le ministre a communiqué ou rendu disponible, en vertu de l’alinéa 241(3.4)(b), le fait que ce montant est réputé constituer une dépense pour abonnement admissible, dans la même mesure que le montant était immédiatement avant le moment donné, et ce, jusqu’à la fin de l’année civile au cours de laquelle le ministre communique ou rend disponible, en vertu de l’alinéa 241(3.4)(b), le fait que ce montant n’est plus admissible à titre de dépense pour abonnement admissible. Notice to individuals [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: ] 2007, c. 2, s. 21; c. 35, s. 37; 2013, c. 34, s. 247; 2017, c. 20, s. 13; 2019, c. 29, s. 185; 2021, c. 23, s. 20.
Notwithstanding subsection (31), the eligible amount of a gift or monetary contribution made by a taxpayer is nil if the taxpayer does not — before a receipt referred to in subsection 110.1(2), 118.1(2) or 127(3), as the case may be, is issued in respect of the gift or monetary contribution — inform the qualified donee or the recipient, as the case may be, of any circumstances in respect of which subsection (31), (35), (36), (38) or (39) requires that the eligible amount of the gift or monetary contribution be less than the fair market value, determined without reference to subsections (35), 110.1(3) and 118.1(6), of the property that is the subject of the gift or monetary contribution. Synthetic equity arrangements — disaggregation
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: ] 2007, c. 2, s. 21; c. 35, s. 38; 2014, c. 39, s. 32.
For the purposes of the definition synthetic equity arrangement in subsection (1), paragraphs (c) and (d) of the definition dividend rental arrangement in subsection (1) and subsections 112(2.31), (2.32) and (10), an arrangement that reflects the fair market value of more than one type of identical share (as defined in subsection 112(10)) is considered to be a separate arrangement with respect to each type of identical share the value of which the arrangement reflects. Substantive CCPC — anti-avoidance
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: ] 2011, c. 24, s. 24; 2014, c. 39, s. 33; 2016, c. 7, s. 15. Definitions Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
For the purposes of this Act, if it is reasonable to consider that one of the purposes of any transaction (as defined in subsection 245(1)), or series of transactions, is to cause a corporation that is resident in Canada (other than a Canadian-controlled private corporation or a corporation that is, in absence of this subsection, a substantive CCPC) to avoid tax otherwise payable under section 123.3 on the corporation’s aggregate investment income, the corporation is deemed to be a substantive CCPC from the time that the transaction or series of transactions commenced until the earliest time at which the corporation (a) becomes a Canadian-controlled private corporation; (b) is subject to a loss restriction event; or [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 248; 1994, c. 7, Sch. II. Definition of taxation year
(d) that is the cost of annual, recurring or routine repair or maintenance; (f) to acquire an electronic home-entertainment device; h) dans le but de tirer un revenu d’une entreprise ou d’un bien; i) relativement à des marchandises ou des services fournis par une personne ayant un lien de dépendance avec le particulier, sauf si cette personne est inscrite sous le régime de la partie IX de la Loi sur la taxe d’accise. (qualifying expenditure) logement admissible S’entend, relativement à un particulier à un moment donné, d’un logement (y compris le fonds de terre sous-jacent au logement et le fonds de terre adjacent, mais à l’exclusion de la partie de ce fonds de terre dont la superficie excède un demi-hectare ou, si elle est supérieure, celle de la partie de ce fonds de terre que le particulier établit comme étant nécessaire à l’usage du logement comme résidence) situé au Canada à l’égard duquel les conditions suivantes sont réunies : a) à ce moment, le particulier, ou une fiducie dont il est bénéficiaire, est propriétaire, conjointement avec une autre personne ou autrement, du logement ou d’une part du capital social d’une société coopérative d’habitation dans l’unique but d’avoir le droit d’occuper le logement dont la coopérative est propriétaire; b) le logement est normalement occupé au cours de la période d’admissibilité par le particulier, par son époux ou conjoint de fait ou son ex-époux ou ancien conjoint de fait ou par un enfant du particulier. (eligible dwelling) particulier Ne vise pas les fiducies. (individual) période d’admissibilité La période commençant le 28 janvier 2009 et se terminant le 31 janvier 2010. (eligible period) proche admissible Est le proche admissible d’un particulier la personne qui est son époux ou conjoint de fait ou son enfant âgé de moins de 18 ans à la fin de 2009, à l’exclusion d’un enfant qui, au cours de la période d’admissibilité, est marié, vit en union de fait ou a un enfant. (qualifying relation) travaux de rénovation admissibles Travaux de rénovation ou de modification à caractère durable qui sont effectués par un particulier à un moment donné à l’égard d’un bien qui est, à ce moment, son logement admissible ou celui de son proche admissible et qui sont intégrés au logement. (qualifying renovation) Règles d’application
(a) in the case of a corporation or Canadian resident partnership, a fiscal period; (b) in the case of a graduated rate estate, the taxation year of which the accounts of the estate are made up for purposes of assessment under this Act; and (c) in any other case, a calendar year. (1.1) When a taxation year is referred to by reference to a calendar year, the reference is to the taxation year or taxation years that coincide with, or that end in, that calendar year.
Les règles ci-après s’appliquent au présent article : A × (B − $1,000) where a) la dépense admissible d’un particulier comprend toute dépense engagée ou effectuée par une société coopérative d’habitation, une association condominiale ou, pour l’application du droit civil, un syndicat de copropriétaires ou une entité semblable (appelés « société » au présent alinéa), relativement à un bien dont la société est propriétaire, administrateur ou gestionnaire et qui comprend un logement admissible du particulier, jusqu’à concurrence de la part de cette dépense qui revient au particulier, dans le cas où, à la fois : (i) la dépense serait une dépense admissible de la société si elle était une personne physique et le bien, un logement admissible de cette personne, (ii) la société a avisé le particulier par écrit de la part de la dépense qui lui revient; b) la dépense admissible d’un particulier comprend toute dépense engagée ou effectuée par une fiducie, relativement à un bien dont celle-ci est propriétaire et qui comprend un logement admissible du particulier, jusqu’à concurrence de la part de cette dépense qu’il est raisonnable d’attribuer au particulier, compte tenu du montant des dépenses engagées ou effectuées relativement à un logement admissible du particulier (y compris, à cette fin, les aires communes de plus d’un logement admissible), dans le cas où, à la fois : (i) la dépense serait une dépense admissible de la fiducie si elle était une personne physique et le bien, un logement admissible de cette personne, (ii) la fiducie a avisé le particulier par écrit de la part de la dépense qui lui revient. Crédit d’impôt pour la rénovation domiciliaire
For the purposes of this Act, (a) a reference to a taxation year ending in another year includes a reference to a taxation year ending coincidentally with that other year; and (b) a reference to a fiscal period ending in a taxation year includes a reference to a fiscal period ending coincidentally with that year.
Est déductible dans le calcul de l’impôt à payer par un particulier en vertu de la présente partie pour son année d’imposition 2009 la somme obtenue par la formule suivante : A × (B − 1 000 $) où : A représente le taux de base pour l’année; B le total des sommes représentant chacune une dépense admissible du particulier, jusqu’à concurrence de 10 000 $. Definitions Interaction avec le crédit d’impôt pour frais médicaux
If a fiscal period of a corporation exceeds 365 days and for that reason the corporation does not have a taxation year that ends in a particular calendar year, for the purposes of this Act, (a) the corporation’s first taxation year that would otherwise end in the immediately following calendar year is deemed to end on the last day of the particular calendar year and its next taxation year is deemed to commence on the first day of the immediately following calendar year; and (b) the corporation’s first fiscal period that would otherwise end in the immediately following calendar year is deemed to end on the last day of the particular calendar year and its next fiscal period is deemed to commence on the first day of the immediately following calendar year. (3.1) If at any time a corporation becomes or ceases to be a Canadian-controlled private corporation, otherwise than because of an acquisition of control to which subsection (4) would, if this Act were read without reference to this subsection, apply, (a) subject to paragraph (c), the corporation’s taxation year that would, if this Act were read without reference to this subsection, include that time is deemed to end immediately before that time; (b) a new taxation year of the corporation is deemed to begin at that time; (c) notwithstanding subsections (1) and (3), the corporation’s taxation year that would, if this Act were read without reference to this subsection, have been its taxation year that ended before that time is deemed instead to end immediately before that time if (i) were this Act read without reference to this paragraph, that taxation year would, otherwise than because of paragraph 128(1)(d), section 128.1 and paragraphs 142.6(1)(a) or 149(10)(a), have ended within the 7-day period that ended immediately before that time, (ii) within that 7-day period no person or group of persons acquired control of the corporation, and the corporation did not become or cease to be a Canadian-controlled private corporation, and (iii) the corporation elects, in its return of income under Part I for that taxation year to have this paragraph apply; and (d) for the purpose of determining the corporation’s fiscal period after that time, the corporation is deemed not to have established a fiscal period before that time. Loss restriction event — year end
Malgré l’alinéa 248(28)(b), une somme peut être incluse dans le calcul de la somme prévue au paragraphe (3) et de la somme prévue à l’article 118.2 si celles-ci peuvent être incluses par ailleurs dans le calcul prévu à ces dispositions.
If at any time a taxpayer is subject to a loss restriction event (other than a foreign affiliate, of a taxpayer resident in Canada, that did not carry on a business in Canada at any time in its last taxation year that began before that time), then for the purposes of this Act, (a) subject to paragraph (b), the taxpayer's taxation year that would, but for this paragraph, have included that time is deemed to end immediately before that time, a new taxation year of the taxpayer is deemed to begin at that time and, for the purpose of determining the taxpayer's fiscal period after that time, the taxpayer is deemed not to have established a fiscal period before that time; and (b) subject to paragraph 128(1)(d), section 128.1 and paragraphs 142.6(1)(a) and 149(10)(a), and notwithstanding subsections (1) and (3), if the taxpayer is a corporation and the taxpayer's taxation year that would, but for this subsection, have been its last taxation year that ended before that time, would, but for this paragraph, have ended within the seven-day period that ended immediately before that time, that taxation year is, except if the taxpayer is subject to a loss restriction event within that period, deemed to end immediately before that time, provided that the taxpayer so elects in its return of income under Part I for that taxation year. Trust transition from graduated rate estate (4.1) For a particular trust that is a testamentary trust, (a) its taxation year that otherwise includes a particular time is deemed to end immediately before the particular time if (i) the particular trust is an estate and the particular time is the first time after 2015 at which the estate is not a graduated rate estate, or (ii) the particular trust is not an estate and the particular time is immediately after 2015; and (i) a new taxation year of the particular trust is deemed to begin at the particular time, and (ii) for the purpose of determining the particular trust's fiscal period after the particular time, the particular trust is deemed not to have established a fiscal period before that time. Graduated rate estate
Si plus d’un particulier a droit, pour une année d’imposition, à la déduction prévue au présent article relativement à une dépense admissible d’un particulier, le total de les sommes ainsi déduites ne peut dépasser le maximum qu’un seul de ces particuliers pourrait déduire pour l’année au titre de la dépense. Si ces particuliers ne s’entendent pas sur la répartition de ce maximum entre eux, le ministre peut faire cette répartition. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2009, ch. 31, art. 4. Définitions
The period for which the accounts of a graduated rate estate are made up for the purposes of an assessment under this Act may not exceed 12 months, and no change in the time when that period ends may be made for the purposes of this Act without the concurrence of the Minister.
dépense admissible Est une dépense admissible d’un particulier toute dépense engagée ou effectuée, au cours d’une année d’imposition, qui est directement attribuable à des travaux de rénovation admissibles — apportés au logement admissible d’un particulier déterminé ou d’un particulier admissible relativement à un particulier déterminé — et qui représente le coût de marchandises acquises ou de services reçus au cours de l’année, y compris les dépenses engagées ou effectuées afin d’obtenir les permis nécessaires à la réalisation des travaux ou de louer l’équipement utilisé lors de ces travaux. Ne sont pas des dépenses admissibles les dépenses engagées ou effectuées : a) afin d’acquérir un bien qui peut être utilisé indépendamment des travaux de rénovation admissibles; b) qui représentent le coût de travaux de réparation ou d’entretien annuels, périodiques ou courants; c) afin d’acquérir un appareil électroménager; d) afin d’acquérir un appareil électronique de divertissement; e) qui représentent le coût de travaux ménagers, de surveillance de la sécurité, de travaux de jardinage, de l’entretien extérieur ou d’autres services semblables; (B) paragraph (d) of the description of B in that subsection where the qualifying individual is a parent, grandparent, child, grandchild, brother, sister, aunt, uncle, nephew or niece of the individual, or of the individual’s spouse or common-law partner, or f) afin de financer le coût des travaux de rénovation admissibles; g) principalement en vue de faire augmenter ou de maintenir la valeur du logement admissible; h) dans le but de tirer un revenu d’une entreprise ou d’un bien; i) relativement à des marchandises ou à des services fournis par une personne ayant un lien de dépendance avec le particulier déterminé ou le particulier admissible, sauf si cette personne est inscrite sous le régime de la partie IX de la Loi sur la taxe d’accise; j) dans la mesure où il peut être raisonnable de considérer la dépense comme ayant été remboursée, autrement qu’à titre d’une aide du gouvernement fédéral ou d’un gouvernement provincial, y compris celle fournie sous la forme de prêt, de subvention, de prêt remboursable conditionnel ou de déduction de l’impôt. (qualifying expenditure) logement admissible S’entend, relativement à un particulier à un moment donné d’une année d’imposition, d’un logement ou fonds de terre situé au Canada et dont la superficie n’excède pas un demi-hectare ou, si elle est supérieure, de la partie de ce même fonds de terre que le particulier établit comme étant nécessaire à l’usage du logement comme résidence située au Canada à l’égard duquel les conditions suivantes sont réunies : a) à ce moment, le particulier, ou une fiducie dont il est bénéficiaire, est propriétaire — conjointement avec une autre personne ou autrement — du logement ou d’une part du capital social d’une société coopérative d’habitation acquise dans l’unique but d’acquérir le droit d’occuper le logement dont la coopérative est propriétaire; b) le logement est normalement occupé, ou il est raisonnable de s’attendre à ce qu’il le soit, à un moment de l’année d’imposition : (i) soit par le particulier si celui-ci est un particulier déterminé, (ii) soit par le particulier et un particulier déterminé si les faits ci-après s’avèrent : (A) le particulier est un particulier admissible relativement au particulier déterminé, (B) le particulier déterminé, tout au long de l’année d’imposition, n’est pas propriétaire — (d) to acquire an electronic home-entertainment device; conjointement avec une autre personne ou autrement — d’un autre logement au Canada qu’il occupe normalement. (eligible dwelling) particulier Ne vise pas les fiducies. (individual) particulier admissible S’entend, relativement à un particulier déterminé pour une année d’imposition, selon le cas : a) d’un particulier qui est l’époux ou le conjoint de fait du particulier déterminé au cours de l’année; b) sauf en cas d’application de l’alinéa e), d’un particulier qui a droit à la déduction d’un montant en application du paragraphe 118.3(2) pour l’année relativement au particulier déterminé ou à un autre particulier qui était demandé pour l’année par le particulier déterminé en application du paragraphe 118.3(1) ou par son époux ou conjoint de fait en application de l’article 118.8; c) dans le cas d’un particulier déterminé qui a atteint 65 ans avant la fin de l’année, (i) au cours de l’année, relativement au particulier déterminé, une déduction prévue au paragraphe 118(1) : (A) soit par l’application de l’alinéa b) de ce paragraphe, (B) soit par l’application de l’alinéa d) de ce paragraphe si le particulier déterminé est le père, la mère, le grand-père, la grand-mère, un enfant, un petit-enfant, le frère, la sœur, la tante, l’oncle, le neveu ou la nièce du particulier déterminé ou de son époux ou conjoint de fait, (ii) aurait pu demander, relativement au particulier déterminé, une déduction visée au sous-alinéa (i) pour l’année si les conditions ci-après étaient remplies : (A) le particulier déterminé n’avait eu aucun revenu pour l’année, (B) dans le cas d’une déduction visée à la division (i)(A), le particulier n’avait pas été marié ou n’avait pas vécu en union de fait, (C) dans le cas d’une déduction prévue au paragraphe 118(1), par l’application de l’alinéa d) de ce paragraphe, relativement à un particulier déterminé qui est une personne à charge, au sens Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
(a) in the case of a corporation, more than 53 weeks after the period began, (b) in the case of (i) an individual (other than an individual to whom section 149 or 149.1 applies or a trust), (i.1) a trust (other than a mutual fund trust if the fiscal period is one to which paragraph 132.11(1)(c) applies or a graduated rate estate), (ii) a partnership of which (A) an individual (other than an individual to whom section 149 or 149.1 applies or a graduated rate estate), (B) a professional corporation, or (C) a partnership to which this subparagraph applies, would, if the fiscal period ended at the end of the calendar year in which the period began, be a member of the partnership in the period, or (iii) a professional corporation that would, if the fiscal period ended at the end of the calendar year in which the period began, be in the period a member of a partnership to which subparagraph 249.1(1)(b)(ii) applies, after the end of the calendar year in which the period began unless, in the case of a business, the business is not carried on in Canada, (c) in the case of a partnership (other than a partnership to which subparagraph (b)(ii) or subsection (9) applies) that is a member of a partnership or has a member that is a partnership, after the end of the calendar year in which it began, if at the end of the calendar year (i) a corporation has a significant interest, as defined in section 34.2, in the partnership, (ii) the partnership is a member of another partnership in which a corporation has a significant interest as defined in section 34.2, (iii) a membership interest in the partnership is held directly, or indirectly through one or more partnerships, by a partnership described in subparagraph (i) or (ii), or (iv) the partnership holds directly, or indirectly through one or more partnerships, a membership interest in a partnership described in any of subparagraphs (i) to (iii), or and, for the purpose of this subsection, the activities of a person to whom section 149 or 149.1 applies are deemed to be a business. Not a member of a partnership
Impôt sur le revenu
For the purpose of subparagraph 249.1(1)(b)(ii) and subsection 249.1(4), a person or partnership that would not have a share of any income or loss of a partnership for a fiscal period of the partnership, if the period ended at the end of the calendar year in which the period began, is deemed not to be a member of the partnership in that fiscal period.
Where a fiscal period of a business or a property of a person or partnership ends at any time, the subsequent fiscal period, if any, of the business or property of the person or partnership is deemed to begin immediately after that time. Alternative method
Paragraph 249.1(1)(b) does not apply to a fiscal period of a business carried on, throughout the period of time that began at the beginning of the fiscal period and ended at the end of the calendar year in which the fiscal period began, (a) by an individual (otherwise than as a member of a partnership), or (b) by an individual as a member of a partnership, where throughout that period (i) each member of the partnership is an individual, and (ii) the partnership is not a member of another partnership, (c) in the case of an individual (i) who is referred to in paragraph 249.1(4)(a), or (ii) who is a member of a partnership no member of which is a graduated rate estate, an election in prescribed form to have paragraph 249.1(1)(b) not apply is filed with the Minister by the individual on or before the individual’s filing-due date, and with the individual’s return of income under Part I, for the taxation year that includes the first day of the first fiscal period of the business that begins after 1994, and (d) in the case of an individual who is a member of a partnership a member of which is a graduated rate estate, an election in prescribed form to have paragraph 249.1(1)(b) not apply is filed with the Minister by the individual on or before the earliest of the filing-due dates of the members of the partnership for a taxation year that includes the first day of the first fiscal period of the business that begins after 1994. Alternative method not applicable to tax shelter investments
Subsection 249.1(4) does not apply to a particular fiscal period of a business where, in a preceding fiscal period or throughout the period of time that began at the beginning of the particular period and ended at the end of the calendar year in which the particular period began, the expenditures made in the course of carrying on the business were primarily the cost or capital cost of tax shelter investments (as defined in subsection 143.2(1)). Revocation of election
du paragraphe 118(6), relativement au particulier, le particulier déterminé était à la charge du particulier en raison d’une infirmité mentale ou physique. (eligible individual) particulier déterminé Est un particulier déterminé pour une année d’imposition le particulier qui remplit l’une des conditions suivantes : a) il a atteint 65 ans avant la fin de l’année; b) une somme est déductible à son égard en application de l’article 118.3, ou le serait en l’absence de l’alinéa 118.3(1)c), dans le calcul de l’impôt payable par un contribuable en vertu de la présente partie pour l’année. (qualifying individual) travaux de rénovation admissibles S’entend de travaux de rénovation ou de transformation apportés au logement admissible d’un particulier déterminé ou d’un particulier admissible relativement à un particulier déterminé qui, à la fois : a) sont des travaux à caractère durable qui font partie intégrante du logement admissible; b) sont effectuées à l’une des fins suivantes : (i) permettre au particulier déterminé d’avoir accès au logement admissible, de s’y déplacer ou d’y accomplir les tâches de la vie quotidienne, (ii) réduire le risque que le particulier déterminé ne se blesse à l’intérieur du logement admissible ou en y accédant. (qualifying renovation) Dépense admissible — règles
Subsection 249.1(4) does not apply to fiscal periods of a business carried on by an individual that begin after the beginning of a particular taxation year of the individual where (a) an election in prescribed form to revoke an election filed under subsection 249.1(4) in respect of the business is filed with the Minister; and (b) the election to revoke is filed (i) in the case of an individual (A) who is not a member of a partnership, or (B) who is a member of a partnership no member of which is a graduated rate estate, by the individual on or before the individual’s filing-due date, and with the individual’s return of income under Part I, for the particular taxation year, and (ii) in the case of an individual who is a member of a partnership a member of which is a graduated rate estate, by the individual on or before the later of the filing-due dates of the members of the partnership for a taxation year that includes the first day of the first fiscal period of the business that begins after the beginning of the particular year.
Les règles ci-après s’appliquent au présent article : a) une dépense admissible relative au logement admissible d’un particulier donné — qui est un particulier déterminé ou un particulier admissible relativement à un particulier déterminé — comprend toute dépense engagée ou effectuée par une société coopérative d’habitation, une association condominiale — ou, pour l’application du droit civil, une société de copropriétaires — ou une entité semblable (appelées « société » au présent alinéa), relativement à un bien dont la société est propriétaire, administrateur ou gestionnaire et qui comprend le logement admissible, jusqu’à concurrence de la part de cette dépense qu’il est raisonnable d’attribuer au logement admissible, dans les cas où, à la fois : A × B where (a) $20,000, and Limits Effect of bankruptcy Interaction avec le crédit d’impôt pour frais médicaux
No change in the time when a fiscal period ends may be made for the purposes of this Act without the concurrence of the Minister.
Malgré l’alinéa 248(28)b), une somme peut être incluse dans le calcul de la somme prévue au paragraphe (3) et de la somme prévue à l’article 118.2 si celles-ci peuvent être incluses par ailleurs dans le calcul prévu à ces dispositions. Limites
The members of a partnership that has a fiscal period that begins before March 22, 2011 and that would, if this Act were read without reference to this subsection and subsection (10), end on a day after March 22, 2011, may elect to end that fiscal period on a particular day that is before the day on which the fiscal period would otherwise end (in this subsection and subsection (10) referred to as a “single-tier alignment election”) if (a) each member of the partnership is, on the particular day, a corporation that is not a professional corporation; (b) the partnership is not, on the particular day, a member of another partnership; (c) at least one member of the partnership is, on the particular day, a corporation that has a significant interest, as defined in section 34.2, in the partnership; (d) at least one member of the partnership referred to in paragraph (c) has a taxation year that ends on a day that differs from the day on which the fiscal period of the partnership would end if this Act were read without reference to this subsection and subsection (10); (e) the particular day is after March 22, 2011 and no later than the latest day that is the last day of the first taxation year that ends after March 22, 2011 of any corporation that has been a member of the partnership continuously since March 21, 2011; and Multi-tier fiscal period alignment — one-time election
Les règles ci-après s’appliquent au présent article : a) un maximum de 20 000 $ en dépenses admissibles pour une année d’imposition relativement à un particulier déterminé peut être demandé en application du paragraphe (3) par le particulier déterminé et toutes les particuliers admissibles relativement au particulier déterminé; b) s’il existe plus d’un particulier déterminé relativement à un même logement admissible, un maximum de 20 000 $ en dépenses admissibles pour une année d’imposition relativement au logement admissible peut être demandé en application du paragraphe (3) par les particuliers déterminés et tous les particuliers admissibles relativement aux particuliers déterminés; c) si plus d’un particulier a droit, pour une année d’imposition, à la déduction prévue au paragraphe (3) relativement au même particulier déterminé ou au même logement admissible et que ces particuliers ne s’entendent pas sur la répartition entre eux du montant à déduire, le ministre peut faire cette répartition. Effet de la faillite
The members of a partnership to which paragraph (1)(c) would apply if it were read without reference to this subsection may elect (in this subsection and subsections (10) and (11) referred to as a “multi-tier alignment election”) to end a fiscal period of the partnership on a particular day if (a) as a consequence of the multi-tier alignment election, the fiscal period of the partnership, and of each other partnership described in relation to the partnership by any of subparagraphs (1)(c)(ii) to (iv), ends on the particular day; (b) the particular day is before March 22, 2012; and (9.1) If paragraph (1)(c) did not apply to end the fiscal period of a partnership on December 31 of a calendar year (in this subsection referred to as the “preceding year”) because subsection (9) applies to the partnership, and to each other partnership described in relation to the partnership by any of subparagraphs (1)(c)(ii) to (iv) (in this subsection referred to collectively as the “aligned multi-tier partnerships” and each individually as an “aligned multi-tier partnership”), (a) subsection (9) ceases to apply — for the purpose of applying paragraph (1)(c) to each of the aligned multi-tier partnerships — in the calendar year following the preceding year (in this subsection referred to as the "current year") if another partnership (in this subsection referred to as the "new partnership") becomes in the current year a member of any of the aligned multi-tier partnerships, or any of the aligned multi-tier partnerships becomes in the current year a member of the new partnership, unless (i) the fiscal period of the new partnership, and each other partnership described in relation to the new partnership by any of subparagraphs (1)(c)(ii) to (iv), ends in the current year on the same day as the fiscal period of each of the aligned multi-tier partnerships, and (ii) each member (other than a partnership) of each aligned multi-tier partnership — or a subsidiary wholly-owned corporation of such a member — has been a member of the aligned multi-tier partnership from the end of the last fiscal period ending in the preceding year until the time at which the new partnership becomes a member of an aligned multi-tier partnership, or any of the aligned multi-tier partnerships becomes a member of the new partnership, as the case may be; and (b) if paragraph (a) does not apply because the conditions in subparagraphs (a)(i) and (ii) are met, the new partnership is deemed — for the purpose of applying paragraph (1)(c) to each of the aligned multi-tier partnerships and the new partnership in the current year and subsequent years — to have made the multi-tier alignment election referred to in subsection (9).
Pour l’application du paragraphe (5), si un particulier devient un failli au cours d’une année civile donnée, malgré le paragraphe 128(2), toute mention de l’année d’imposition du particulier vaut mention de cette année civile. Décès ou faillite du particulier
This subsection applies to a single-tier alignment election or a multi-tier alignment election, as the case may be, for a partnership if (a) the election is filed in writing and in prescribed form with the Minister (i) in the case of a single-tier alignment election, by a corporation that is a member of the partnership on or before the day that is the earliest filing due date of any corporation that is a member of the partnership for its first taxation year ending after March 22, 2011, and (ii) in the case of a multi-tier alignment election, (A) by a corporation that is a member of the partnership, or of a partnership described in relation to the partnership by any of subparagraphs (1)(c)(ii) to (iv), and (B) on or before the day that is the earliest filing-due date of any corporation that is a member of a partnership referred to in clause (A) for the first taxation year of the corporation ending after March 22, 2011; (b) as a consequence of the election, the fiscal period of each partnership to which the election applies is 12 months or less; (c) the election was made by a corporation that has the authority to act for the members of the partnership and each member of any other partnership described in relation to the partnership in subparagraph (1)(c)(ii) to (iv); and (d) no other election is filed with the Minister to end the fiscal period of the partnership, or of any other partnership described in relation to the partnership in subparagraph (1)(c)(ii) to (iv), on a day other than the particular day referred to in subsection (8) or (9), as the case may be. Deemed multi-tier alignment election
Les règles ci-après s’appliquent au présent article : a) si un particulier décède au cours d’une année civile à la fin de laquelle il aurait atteint 65 ans s’il était demeuré vivant, il est réputé avoir atteint 65 ans au début de cette année; b) si un particulier devient un particulier déterminé au cours d’une année civile dans laquelle il devient un failli, il est réputé être un particulier déterminé au début de cette année; c) si un particulier devient un particulier déterminé au cours d’une année civile et qu’un particulier admissible relativement à ce particulier déterminé devient Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals Sections 118.01-118.05 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2015, c. 36, s. 8; 2017, c. 20, s. 14; 2022, c. 10, s. 5. Definitions Impôt sur le revenu
For the purposes of this Act, if paragraph (1)(c) applies to the fiscal period of a partnership on December 31, 2011, a multi-tier alignment election under subsection (9) is deemed to have been made to end the fiscal period of the partnership on December 31, 2011. Person deemed resident
(a) sojourned in Canada in the year for a period of, or periods the total of which is, 183 days or more; (b) was, at any time in the year, a member of the Canadian Forces; (c) was, at any time in the year, (i) an ambassador, minister, high commissioner, officer or servant of Canada, or (ii) an agent-general, officer or servant of a province, and was resident in Canada immediately prior to appointment or employment by Canada or the province or received representation allowances in respect of the year; (d) performed services, at any time in the year, in a country other than Canada under a prescribed international development assistance program of the Government of Canada and was resident in Canada at any time in the 3 month period preceding the day on which those services commenced; (d.1) was, at any time in the year, a member of the overseas Canadian Forces school staff who filed his or her return for the year on the basis that the person was resident in Canada throughout the period during which the person was such a member; (f) was at any time in the year a child of, and dependent for support on, an individual to whom paragraph (b), (c), (d) or (d.1) applies and the person’s income for the year did not exceed the amount determined for F in subsection 118(1.1) for the year; or (g) was at any time in the year, under an agreement or a convention with one or more other countries that has the force of law in Canada, entitled to an exemption from an income tax otherwise payable in any of those countries in respect of income from any source (unless all or substantially all of the person’s income from all sources was not so exempt), because at that time the person was related to or a member of the family of an individual (other than a trust) who was resident in Canada.
Where at any time in a taxation year a person described in paragraph (1)(b), (c) or (d) ceases to be a person so described, or a person described in paragraph (1)(d.1) ceases to be a member of the overseas Canadian Forces school staff, that person shall be deemed to have been resident in Canada throughout the part of the year preceding that time and the spouse or common-law partner and child of that person who by reason of paragraph (1)(e) or (f) would, but for this subsection, be deemed to have been resident in Canada throughout the year shall be deemed to have been resident in Canada throughout that part of the year.
In this Act, a reference to a person resident in Canada includes a person who was at the relevant time ordinarily resident in Canada. Corporation deemed resident
un failli dans l’année, le particulier est réputé être un particulier déterminé au début de cette année. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2015, ch. 36, art. 8; 2017, ch. 20, art. 14; 2022, ch. 10, art. 5. Définitions
For the purposes of this Act, a corporation shall be deemed to have been resident in Canada throughout a taxation year if (a) in the case of a corporation incorporated after April 26, 1965, it was incorporated in Canada; (b) in the case of a corporation that (i) was incorporated before April 9, 1959, (ii) was, on June 18, 1971, a foreign business corporation (within the meaning of section 71 of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as it read in its application to the 1971 taxation year) that was controlled by a corporation resident in Canada, (iii) throughout the 10 year period ending on June 18, 1971, carried on business in any one particular country other than Canada, and (iv) during the period referred to in subparagraph 250(4)(b)(iii), paid dividends to its shareholders resident in Canada on which its shareholders paid tax to the government of the country referred to in that subparagraph, it was incorporated in Canada and, at any time in the taxation year or at any time in any preceding taxation year commencing after 1971, it was resident in Canada or carried on business in Canada; and (c) in the case of a corporation incorporated before April 27, 1965 (other than a corporation to which subparagraphs 250(4)(b)(i) to 250(4)(b)(iv) apply), it was incorporated in Canada and, at any time in the taxation year or at any time in any preceding taxation year of the corporation ending after April 26, 1965, it was resident in Canada or carried on business in Canada. Deemed non-resident
habitation admissible S’entend, relativement à un particulier, d’une habitation admissible, au sens du paragraphe 146.01(1), qui est acquise, conjointement ou autrement, après le 27 janvier 2009 si, selon le cas : a) l’habitation est acquise par le particulier ou par son époux ou conjoint de fait et, à la fois : (i) le particulier a l’intention d’en faire son lieu principal de résidence au plus tard un an après son acquisition, (ii) le particulier n’a pas été propriétaire, conjointement ou autrement, d’une habitation qu’il a occupée au cours de la période : (A) ayant commencé au début de la quatrième année civile précédant ayant pris fin avant l’acquisition, (B) s’étant terminée la veille de l’acquisition, (iii) l’époux ou le conjoint de fait du particulier n’a pas été propriétaire, conjointement ou autrement, au cours de la période visée au sous-alinéa (ii) d’une habitation qui était : (A) soit une habitation que le particulier occupait pendant leur mariage ou union de fait, (B) soit une part du capital social d’une société coopérative d’habitation se rattachant à un logement que le particulier occupait pendant leur mariage ou union de fait; b) l’habitation est acquise par le particulier au profit d’une personne déterminée en ce qui le concerne et, à la fois : (i) le particulier a l’intention d’en faire le lieu principal de résidence de la personne déterminée au plus tard un an après qu’il en a fait l’acquisition, (ii) la raison pour laquelle le particulier a acquis l’habitation est de permettre à la personne déterminée de vivre : (B) an environment better suited to the specified person’s personal needs and care. (habitation admissible) specified person in respect of an individual, at any time, means a person who [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2009, c. 31, s. 4; 2022, c. 19, s. 17. (A) soit dans une habitation qui lui est plus facile d’accès ou dans laquelle elle peut se déplacer ou accomplir les tâches de la vie quotidienne plus facilement, (B) soit dans un milieu qui est mieux adapté à ses besoins personnels ou aux soins qu’elle requiert. (qualifying home) personne déterminée S’entend, en ce qui concerne un particulier à un moment donné, d’une personne qui, à la fois : a) est le particulier ou est liée à celui-ci à ce moment; b) aurait droit à la déduction prévue au paragraphe 118.3(1) dans le calcul de l’impôt à payer en vertu de la présente partie pour son année d’imposition qui comprend ce moment si ce paragraphe s’appliquait non tenu de son alinéa c). (specified person) Règles d’application
Notwithstanding any other provision of this Act (other than paragraph 126(1.1)(a)), a person is deemed not to be resident in Canada at a time if, at that time, the person would, but for this subsection and any tax treaty, be resident in Canada for the purposes of this Act but is, under a tax treaty with another country, resident in the other country and not resident in Canada. Continued corporation (5.1) Where a corporation is at any time (in this subsection referred to as the “time of continuation”) granted articles of continuance (or similar constitutional documents) in a particular jurisdiction, the corporation shall (a) for the purposes of applying this Act (other than subsection 250(4)) in respect of all times from the time of continuation until the time, if any, of continuation in a different jurisdiction, be deemed to have been incorporated in the particular jurisdiction and not to have been incorporated in any other jurisdiction; and (b) for the purpose of applying subsection 250(4) in respect of all times from the time of continuation until the time, if any, of continuation in a different jurisdiction, be deemed to have been incorporated in the particular jurisdiction at the time of continuation and not to have been incorporated in any other jurisdiction. Residence of international shipping corporation
Pour l’application du présent article, il est considéré qu’un particulier a acquis une habitation admissible seulement si son intérêt ou, pour l’application du droit civil, son droit sur l’habitation est enregistré conformément au système d’enregistrement des titres fonciers ou à tout autre système semblable en vigueur là où l’habitation est située. Crédit d’impôt pour l’achat d’une première habitation
For the purposes of this Act, a corporation that was incorporated or otherwise formed under the laws of a country other than Canada or of a state, province or other political subdivision of such a country is deemed to be resident in that country throughout a taxation year and not to be resident in Canada at any time in the year, if (i) has international shipping as its principal business in the year, or (ii) holds eligible interests in one or more eligible entities throughout the year and at no time in the year is the total of the cost amounts to it of all those eligible interests and of all debts owing to it by an eligible entity in which an eligible interest is held by it, by a person related to it or by a partnership affiliated with it less than 50% of the total of the cost amounts to it of all its property; (b) all or substantially all the corporation’s gross revenue for the year consists of any one or more of (i) gross revenue from international shipping, (ii) gross revenue from an eligible interest held by it in an eligible entity, and (iii) interest on a debt owing by an eligible entity in which an eligible interest is held by it, by a person related to it or by a partnership affiliated with it; (c) the corporation was not granted articles of continuance in Canada before the end of the year; and (6.01) For the purposes of paragraph (6)(b), an amount of profit allocated from a partnership to a member of the partnership for a taxation year is deemed to be gross revenue of the member from member’s interest in the partnership for the year. (6.02) Subsection (6.03) applies to a corporation, trust or partnership (in this subsection and subsection (6.03) referred to as the “relevant entity”) for a taxation year if (b) all or substantially all the gross revenue of the relevant entity for the year consists of any one or more of (i) gross revenue from the provision of services to one or more eligible entities, other than services described in any of paragraphs (a) to (h) of the definition international shipping in subsection 248(1), (ii) gross revenue from international shipping, (iii) gross revenue from an eligible interest held by it in an eligible entity, and (iv) interest on a debt owing by an eligible entity in which an eligible interest is held by it or a person related to it; (c) either the relevant entity is a subsidiary wholly-owned corporation (as defined in subsection 87(1.4)) of the eligible entity referred to in paragraph (b) or an eligible interest in each eligible entity referred to in paragraph (b) is held throughout the year by (ii) one or more persons related to the relevant entity (if the relevant entity and each such person is a corporation), or persons or partnerships affiliated with the relevant entity (in any other case), or (iii) any combination of the relevant entity and persons or partnerships described in subparagraph (ii); and (d) all or substantially all the shares of the capital stock of, or interests in, the relevant entity are held, directly or indirectly throughout the year by one or more wholly-owned corporations (as defined in subsection 87(1.4)), or mainly through one or more wholly-owned corporations, trusts or partnerships that would be eligible entities if they did not own shares of, or interests in, the relevant entity. (6.03) If this subsection applies for a taxation year, then for the purposes of subsection (6) and paragraphs 81(1)(c) and (c.1), (a) the relevant entity is deemed to have international shipping as its principal business in the year; and (b) the gross revenue described in subparagraph (6.02)(b)(i) is deemed to be gross revenue from international shipping. (6.04) The following definitions apply in this subsection and subsections (6) to (6.03). eligible entity, for a taxation year, means (a) a corporation that is deemed by subsection (6) to be resident in a country other than Canada for the year; (a.1) a corporation resident in Canada (if this Act were read without reference to subsection (4)) that satisfies the conditions set out in paragraphs (6)(a) and (b); or (b) a partnership or trust, if (ii) all or substantially all its gross revenue for the year consists of any combination of amounts described in any of subparagraphs (6)(b)(i) to (iii). eligible interest means (a) in respect of a corporation, shares of the capital stock of the corporation that (i) give the holders of those shares not less than 25% of the votes that could be cast at an annual meeting of the shareholders of the corporation, and (ii) have a fair market value that is not less than 25% of the fair market value of all the issued and outstanding shares of the capital stock of the corporation; (b) in respect of a trust, an interest as a beneficiary (as defined in subsection 108(1)) under the trust with a fair market value that is not less than 25% of the fair market value of all the interests of all beneficiaries under the trust; and (c) in respect of a partnership, an interest as a member of the partnership with a fair market value that is not less than 25% of the fair market value of all the membership interests in the partnership. (participation admissible) Holdings in eligible entities (6.05) For the purpose of determining whether a person or partnership (in this subsection referred to as the “holder”) holds an eligible interest in an eligible entity in subsections (6) to (6.04), the holder is deemed to hold all of the shares or interests, as the case may be, in the eligible entity held by (b) if the holder is a corporation, (i) each corporation related to the holder, and (ii) each person, other than a corporation, or partnership that is affiliated with the holder; and (c) if the holder is not a corporation, each person or partnership affiliated with the holder. (6.1) For the purposes of provisions of this Act that apply to a trust for a taxation year only where the trust has been resident in Canada throughout the year, where a particular trust ceases at any time to exist and the particular trust was resident in Canada immediately before that time, the particular trust is deemed to be resident in Canada throughout the period that begins at that time and ends at the end of the year. Non-resident person’s taxation year and income (a) a taxation year of a non-resident person shall be determined, except as otherwise permitted by the Minister, in the same manner as the taxation year of a person resident in Canada; and (b) a person for whom income for a taxation year is determined in accordance with this Act includes a non-resident person. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2001, c. 17, s. 191.
Est déductible dans le calcul de l’impôt à payer par un particulier en vertu de la présente partie pour une année d’imposition au cours de laquelle une habitation admissible relative au particulier est acquise le produit de 10 000 $ par le taux de base pour l’année.
(a) related persons shall be deemed not to deal with each other at arm’s length; (b) a taxpayer and a personal trust (other than a trust described in any of paragraphs (a) to (e.1) of the definition trust in subsection 108(1)) are deemed not to deal with each other at arm’s length if the taxpayer, or any person not dealing at arm’s length with the taxpayer, would be beneficially interested in the trust if subsection 248(25) were read without reference to subclauses 248(25)(b)(iii)(A)(II) to (IV); and (c) in any other case, it is a question of fact whether persons not related to each other are, at a particular time, dealing with each other at arm’s length. Definition of related persons
Si plus d’un particulier a droit, pour une année d’imposition, à la déduction prévue au présent article relativement à une habitation admissible, le total des sommes ainsi déductibles ne peut dépasser le maximum qu’un de ces particuliers pourrait déduire pour l’année à l’égard de l’habitation. Si ces particuliers ne s’entendent pas sur la répartition de ce maximum entre eux, le ministre peut fixer cette répartition. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent texte consolidé; voir les lois d’amendement et règlements pertinents.] 2009, ch. 31, art. 4; 2022, ch. 19, art. 17. Certificate [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2011, c. 24, s. 25; 2014, c. 20, s. 7; 2024, c. 17, s. 26. Definitions --- Définition de services admissibles de pompier volontaire
For the purpose of this Act, related persons, or persons related to each other, are (a) individuals connected by blood relationship, marriage or common-law partnership or adoption; (b) a corporation and (i) a person who controls the corporation, if it is controlled by one person, (ii) a person who is a member of a related group that controls the corporation, or (iii) any person related to a person described in subparagraph 251(2)(b)(i) or 251(2)(b)(ii); and (c) any two corporations (i) if they are controlled by the same person or group of persons, (ii) if each of the corporations is controlled by one person and the person who controls one of the corporations is related to the person who controls the other corporation, (iii) if one of the corporations is controlled by one person and that person is related to any member of a related group that controls the other corporation, (iv) if one of the corporations is controlled by one person and that person is related to each member of an unrelated group that controls the other corporation, (v) if any member of a related group that controls one of the corporations is related to each member of an unrelated group that controls the other corporation, or (vi) if each member of an unrelated group that controls one of the corporations is related to at least one member of an unrelated group that controls the other corporation. Corporations related through a third corporation
Crédit d’impôt pour les pompiers volontaires
Where two corporations are related to the same corporation within the meaning of subsection 251(2), they shall, for the purposes of subsections 251(1) and 251(2), be deemed to be related to each other. (3.1) Where there has been an amalgamation or merger of two or more corporations and the new corporation formed as a result of the amalgamation or merger and any predecessor corporation would have been related immediately before the amalgamation or merger if the new corporation were in existence at that time, and if the persons who were the shareholders of the new corporation immediately after the amalgamation or merger were the shareholders of the new corporation at that time, the new corporation and any such predecessor corporation shall be deemed to have been related persons. Amalgamation of related corporations (3.2) Where there has been an amalgamation or merger of 2 or more corporations each of which was related (otherwise than because of a right referred to in paragraph 251(5)(b)) to each other immediately before the amalgamation or merger, the new corporation formed as a result of the amalgamation or merger and each of the predecessor corporations is deemed to have been related to each other. Definitions concerning groups
Est déductible dans le calcul de l’impôt payable en vertu de la présente partie pour une année d’imposition par un particulier qui fournit des services admissibles de pompier volontaire au cours de l’année le produit de 6 000 $ par le taux de base pour l’année si le particulier, à la fois : a) effectue au cours de l’année au moins deux cents heures de service chacune représentant : (i) une heure de services admissibles de pompier volontaire auprès d’un service d’incendie, (ii) une heure de services admissibles de volontaire en recherche et sauvetage auprès d’un organisme admissible de recherche et sauvetage; b) fournit, conformément à la demande du ministre, les certificats visés aux paragraphes (3) et 118.07(3). Certificat
In this Act, related group means a group of persons each member of which is related to every other member of the group; (groupe lié) unrelated group means a group of persons that is not a related group. (groupe non lié) Control by related groups, options, etc.
Sur demande du ministre, le particulier qui demande pour une année d’imposition la déduction prévue au présent article doit fournir au ministre un certificat écrit, provenant du chef ou d’un cadre délégué de chaque service d’incendie auquel il a fourni des services admissibles de pompier volontaire pour l’année, attestant le nombre d’heures de services admissibles de pompier volontaire qu’il a effectuées au cours de l’année pour le service d’incendie en cause. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2011, ch. 24, art. 25; 2014, ch. 20, art. 7; 2024, ch. 17, art. 26. Définitions
For the purposes of subsection 251(2) and the definition Canadian-controlled private corporation in subsection 125(7), (a) where a related group is in a position to control a corporation, it shall be deemed to be a related group that controls the corporation whether or not it is part of a larger group by which the corporation is in fact controlled; (b) a person who, at any time, by virtue of an agreement, in equity or otherwise, has a right, immediate or future, conditional or not: (b) where at any time a person has a right under a contract, in equity or otherwise, either immediately or in the future and either absolutely or contingently, (i) to, or to acquire, shares of the capital stock of a corporation or to control the voting rights of such shares, the person shall, except where the right is not exercisable at that time because the exercise thereof is contingent on the death, bankruptcy or permanent disability of an individual, be deemed to have the same position in relation to the control of the corporation as if the person owned the shares at that time, (ii) to cause a corporation to redeem, acquire or cancel any shares of its capital stock owned by other shareholders of the corporation, the person shall, except where the right is not exercisable at that time because the exercise thereof is contingent on the death, bankruptcy or permanent disability of an individual, be deemed to have the same position in relation to the control of the corporation as if the shares were so redeemed, acquired or cancelled by the corporation at that time; (iii) to, or to acquire or control, voting rights in respect of shares of the capital stock of a corporation, the person is, except where the right is not exercisable at that time because its exercise is contingent on the death, bankruptcy or permanent disability of an individual, deemed to have the same position in relation to the control of the corporation as if the person could exercise the voting rights at that time, or (iv) to cause the reduction of voting rights in respect of shares, owned by other shareholders, of the capital stock of a corporation, the person is, except where the right is not exercisable at that time because its exercise is contingent on the death, bankruptcy or permanent disability of an individual, deemed to have the same position in relation to the control of the corporation as if the voting rights were so reduced at that time; and (c) where a person owns shares in two or more corporations, the person shall as shareholder of one of the corporations be deemed to be related to himself, herself or itself as shareholder of each of the other corporations. Blood relationship, etc.
Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
For the purposes of this Act, persons are connected by (a) blood relationship if one is the child or other descendant of the other or one is the brother or sister of the other; (b) marriage if one is married to the other or to a person who is so connected by blood relationship to the other; (b.1) common-law partnership if one is in a common-law partnership with the other or with a person who is connected by blood relationship to the other; and (c) adoption if one has been adopted, either legally or in fact, as the child of the other or as the child of a person who is so connected by blood relationship (otherwise than as a brother or sister) to the other. Definition of affiliated persons
Impôt sur le revenu
(a) an individual and a spouse or common-law partner of the individual; (b) a corporation and (i) a person by whom the corporation is controlled, (ii) each member of an affiliated group of persons by which the corporation is controlled, and (iii) a spouse or common-law partner of a person described in subparagraph (i) or (ii); (c) two corporations, if (i) each corporation is controlled by a person, and the person by whom one corporation is controlled is affiliated with the person by whom the other corporation is controlled, (ii) one corporation is controlled by a person, the other corporation is controlled by a group of persons, and each member of that group is affiliated with that person, or (iii) each corporation is controlled by a group of persons, and each member of each group is affiliated with at least one member of the other group; member of which is affiliated with at least one member of a majority-interest group of partners of the partnership, and each member of that majority-interest group is affiliated with at least one member of the particular group; (e) a partnership and a majority-interest partner of the partnership; (f) two partnerships, if (i) the same person is a majority-interest partner of both partnerships, (ii) a majority-interest partner of one partnership is affiliated with each member of a majority-interest group of partners of the other partnership, or (iii) each member of a majority-interest group of partners of each partnership is affiliated with at least one member of a majority-interest group of partners of the other partnership; (g) a person and a trust, if the person (i) is a majority-interest beneficiary of the trust, or (ii) would, if this subsection were read without reference to this paragraph, be affiliated with a majority-interest beneficiary of the trust; and (h) two trusts, if a contributor to one of the trusts is affiliated with a contributor to the other trust and (i) a majority-interest beneficiary of one of the trusts is affiliated with a majority-interest beneficiary of the other trust, (ii) a majority-interest beneficiary of one of the trusts is affiliated with each member of a majority-interest group of beneficiaries of the other trust, or (iii) each member of a majority-interest group of beneficiaries of each of the trusts is affiliated with at least one member of a majority-interest group of beneficiaries of the other trust.
Where at any time 2 or more corporations (in this subsection referred to as the “predecessors”) amalgamate or merge to form a new corporation, the new corporation and any predecessor are deemed to have been affiliated with each other where they would have been affiliated with each other immediately before that time if (a) the new corporation had existed immediately before that time; and (b) the persons who were the shareholders of the new corporation immediately after that time had been the shareholders of the new corporation immediately before that time.
The definitions in this subsection apply in this section. affiliated group of persons means a group of persons each member of which is affiliated with every other member. (groupe de personnes affiliées) beneficiary, under a trust, includes a person beneficially interested in the trust. (bénéficiaire) contributor, to a trust, means a person who has at any time made a loan or transfer of property, either directly or indirectly, in any manner whatever, to or for the benefit of the trust other than, if the person deals at arm’s length with the trust at that time and is not immediately after that time a majority-interest beneficiary of the trust, (a) a loan made at a reasonable rate of interest; or (b) a transfer made for fair market value consideration. (cotisant) majority-interest beneficiary, of a trust at any time, means a person whose interest as a beneficiary, if any, at that time (a) in the income of the trust has, together with the interests as a beneficiary in the income of the trust of all persons with whom the person is affiliated, a fair market value that is greater than 50% of the fair market value of all the interests as a beneficiary in the income of the trust; or (b) in the capital of the trust has, together with the interests as a beneficiary in the capital of the trust of all persons with whom the person is affiliated, a fair market value that is greater than 50% of the fair market value of all the interests as a beneficiary in the capital of the trust. (bénéficiaire détenant une participation majoritaire) majority-interest group of beneficiaries, of a trust at any time, means a group of persons each of whom is a beneficiary under the trust at that time such that (a) if one person held the interests as a beneficiary of all of the members of the group, that person would be a majority-interest beneficiary of the trust; and (b) if any member of the group were not a member, the test described in paragraph (a) would not be met. majority-interest group of partners of a partnership means a group of persons each of whom has an interest in the partnership such that (a) if one person held the interests of all members of the group, that person would be a majority-interest partner of the partnership; and (b) if any member of the group were not a member, the test described in paragraph (a) would not be met.
For the purposes of this section, (a) persons are affiliated with themselves; (b) a person includes a partnership; (c) notwithstanding subsection 104(1), a reference to a trust does not include a reference to the trustee or other persons who own or control the trust property; and (i) if the amount of income or capital of the trust that a person may receive as a beneficiary under the trust depends on the exercise by any person of, or the failure by any person to exercise, a discretionary power, that person is deemed to have fully
organisme admissible de recherche et sauvetage Organisme de recherche et sauvetage à l’égard duquel l’un des énoncés ci-après se vérifie : a) il est membre de l’Association canadienne des volontaires en recherche et sauvetage, de l’Association civile de recherche et de sauvetage aériens ou de la Garde côtière auxiliaire canadienne; b) son statut d’organisme de recherche et de sauvetage est reconnu par une autorité provinciale, municipale ou publique. (eligible search and rescue organization) services admissibles de volontaire en recherche et sauvetage Services, sauf les services admissibles de pompier volontaire, fournis par un particulier en sa qualité de volontaire auprès d’un organisme admissible de recherche et de sauvetage, consistant principalement à répondre à et être de permanence en cas de situations de recherche et de sauvetage ou de situations d’urgence liées, à assister à des réunions tenues par l’organisme et à participer aux activités de formation indispensables. En sont exclus les services fournis à un organisme autrement qu’à titre de volontaire. (eligible search and rescue volunteer services) Crédit d’impôt pour les volontaires en recherche et sauvetage
beneficiary has the same meaning as in subsection 251.1(3). (bénéficiaire) equity has the same meaning as in subsection 122.1(1) read without reference to paragraph (e) of the definition equity in that subsection. (capitaux propres) fixed interest, at any time of a person in a trust, means an interest of the person as a beneficiary (in this definition, determined without reference to subsection 248(25)) under the trust provided that no amount of the income or capital of the trust to be distributed at any time in respect of any interest in the trust depends on the exercise by any person of, or the failure by any person to exercise, any discretionary power, other than a power in respect of which it is reasonable to conclude that (a) the power is consistent with normal commercial practice; (b) the power is consistent with terms that would be acceptable to the beneficiaries under the trust if the beneficiaries were dealing with each other at arm’s length; and (c) the exercise of, or failure to exercise, the power will not materially affect the value of an interest as a beneficiary under the trust relative to the value of other such interests under the trust. (participation fixe) investment fund, at any time, means a trust, if (a) at all times throughout the period that begins at the later of March 21, 2013 and the end of the calendar year in which it is created and that ends at that time, the trust has a class of units outstanding that complies with the conditions prescribed for the purposes of paragraph 132(6)(c) determined without reference to paragraph 4801(b) of the Income Tax Regulations; and (b) at all times throughout the period that begins at the later of March 21, 2013 and the time of its creation and that ends at that time, the trust (i) is resident in Canada, (ii) has no beneficiaries who may for any reason receive directly from the trust any of the income or capital of the trust, other than beneficiaries whose interests as beneficiaries under the trust are fixed interests described by reference to units of the trust, (iii) follows a reasonable policy of investment diversification, (iv) limits its undertaking to the investing of its funds in property, (v) does not alone, or as a member of a group of persons, control a corporation, and (vi) does not hold (A) property that the trust, or a person with which the trust does not deal at arm’s length, uses in carrying on a business, (B) real or immovable property, an interest in real property or an immovable, or a real right in an immovable, (C) Canadian resource property, foreign resource property, or an interest or right in Canadian resource property or foreign resource property, or (D) more than 20% of the securities of any class of securities of a person (other than an investment fund or a mutual fund corporation that would meet the conditions in this paragraph, other than in subparagraph (ii), if it were a trust), unless at that time (II) the securities (other than liabilities) of the person held by the trust have a total fair market value that is no more than 10% of the equity value of the person, and (III) the liabilities of the person held by the trust have a total fair market value that is no more than 10% of the fair market value of all of the liabilities of the person. (fiducie de placement déterminée) person includes a partnership. (personne) specified right, held at any time by a person in respect of a trust, means a right under a contract, in equity or otherwise, to acquire, either immediately or in the future and either absolutely or contingently, equity of the trust, or to cause the trust to redeem or cancel equity of the trust, unless the right is not exercisable at that time because its exercise is contingent on the death, bankruptcy or permanent disability of an individual. (droit déterminé) subsidiary, of a particular person at any time, means a corporation, partnership or trust (in this definition referred to as the “subject entity”) where (a) the particular person holds at that time property (i) that is equity of the subject entity, or (ii) that derives all or part of its fair market value, directly or indirectly, from equity of the subject entity; and (b) the total of the following amounts, expressed as a percentage of the fair market value of the equity of the subject entity determined at that time: (i) each amount that represents the fair market value, at that time, of equity of the subject entity held, at that time, by a person to whom the particular person is affiliated, (ii) each amount (other than an amount referred to in subparagraph (i)) that represents the portion of the fair market value, at that time, of equity of the subject entity that is derived directly or indirectly from equity of the subject entity held, at that time, by a person to whom the particular person is affiliated, is at least 50% of the fair market value of the equity of the subject entity. (filiale) (b) the total of the following amounts is at that time equal to more than 50% of the equity value of the subject entity: (i) each amount that is the fair market value at that time of equity of the subject entity that is held at that time by the particular person or a person with whom the particular person is affiliated, and (ii) each amount (other than an amount described in subparagraph (b)(i)) that is the portion of the fair market value at that time — derived directly or indirectly from equity of the subject entity — of a property that is held at that time by the particular person or a person with whom the particular person is affiliated. Loss restriction event
Est déductible dans le calcul de l’impôt payable en vertu de la présente partie pour une année d’imposition par un particulier qui fournit des services admissibles de volontaire en recherche et sauvetage au cours de l’année le produit de 6 000 $ par le taux de base pour l’année si le particulier, à la fois : a) effectue au cours de l’année au moins deux cents heures de service dont chacune représente : (i) une heure de services admissibles de volontaire en recherche et sauvetage auprès d’un organisme admissible de recherche et sauvetage, (ii) une heure de services admissibles de pompier volontaire auprès d’un service d’incendie; b) fournit, conformément à la demande du ministre, les certificats visés aux paragraphes (3) et 118.06(3); c) n’a pas déduit de somme en application de l’article 118.06 pour l’année. Certificate [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2014, c. 20, s. 8; 2024, c. 17, s. 27. Definitions
For the purposes of this Act, a taxpayer is at any time subject to a loss restriction event if (a) the taxpayer is a corporation and at that time control of the corporation is acquired by a person or group of persons; or (b) the taxpayer is a trust and (i) that time is after March 20, 2013 and after the time at which the trust is created, and (ii) at that time a person becomes a majority-interest beneficiary, or a group of persons becomes a majority-interest group of beneficiaries, of the trust.
first-time donor [Repealed, 2013, c. 33, s. 10] (a) to a qualified donee, (i) not a trust, (ii) a trust (II) subsection (5.1) applies to the gift, and total Crown gifts [Repealed, 2014, c. 39, s. 34] D le total des montants représentant chacun le moins élevé des montants suivants, déterminé relativement à ses biens amortissables d’une catégorie prescrite : (A) le montant inclus selon le paragraphe 13(1), relativement à la catégorie, dans le calcul du revenu du particulier pour l’année, (B) le total des montants représentant chacun le moins élevé des montants ci-après, déterminé relativement à une disposition qui consiste, pour le particulier, en la vente au cours de l’année d’un don ou d’un bien de la catégorie, à l’égard du montant du don admissible et inclus dans le total des dons de bienfaisance qui lui est applicable pour l’année : (I) la proportion de l’excédent du produit de disposition du bien sur les dépenses engagées à des fins de disposition — dans la mesure où le particulier les a engagées en vue de l’effet de la disposition —, que représente le montant admissible du don ou le produit de disposition relatif au don pour le particulier, (II) la proportion du coût en capital du bien pour le particulier, que représente le rapport entre le montant admissible du don et le produit de disposition relatif au don pour lui, E le total des montants représentant chacun la partie d’un montant déduit en application de l’article 110.6 dans le calcul du revenu imposable du particulier pour l’année qu’il est raisonnable de considérer comme se rapportant au don visé aux éléments B ou C; b) [Abrogé, 2014, ch. 39, art. 34] c) le total des dons de biens culturels du particulier pour l’année; d) le total des dons de biens écosensibles du particulier pour l’année. (total gifts) total des dons à l’État [Abrogé, 2014, ch. 39, art. 34] total des dons de bienfaisance En ce qui concerne un particulier pour une année d’imposition donnée, le total des sommes représentant chacune le montant admissible d’un don — dans la mesure où il n’est pas inclus par ailleurs dans (II) subsection (5.1) applies to the gift, and le calcul d’une somme déduite en application du présent article dans le calcul de l’impôt payable par un particulier en vertu de la présente partie pour une année d’imposition — d’un don (sauf un don dont le montant admissible est inclus en tout ou en partie dans le total des dons de biens culturels ou le total des dons de biens écosensibles d’un particulier pour une année d’imposition) à l’égard duquel les faits ci-après s’avèrent : a) le don est fait à un donataire reconnu; b) le don est fait au cours d’une année d’imposition autre qu’une année pour laquelle une somme est déduite en application du paragraphe 110(2) dans le calcul du revenu imposable du particulier; c) selon le cas : (I) si le particulier n’est pas une fiducie, un des énoncés ci-après s’applique : (A) le don est fait par le particulier, ou par son époux ou conjoint de fait, au cours de l’année donnée ou des cinq années d’imposition précédentes, (B) le don est fait par le particulier au cours de l’année de son décès si l’année donnée est l’année d’imposition qui précède celle de son décès, (C) le don est fait par la succession du particulier, le paragraphe (5.1) s’applique au don et l’année donnée est l’année d’imposition du décès du particulier ou l’année d’imposition précédente, (ii) si le particulier est une fiducie, un des énoncés ci-après s’applique : (A) le don est fait par la fiducie au cours de l’année donnée ou des cinq années d’imposition précédentes, (B) le don est fait par la fiducie et les énoncés ci-après se vérifient : (I) la fiducie est la succession d’un particulier, (II) le paragraphe (5.1) s’applique au don, (III) l’année donnée est une année d’imposition : 1 d’une part, dans laquelle la succession est la succession assujettie à l’imposition à taux progressifs du particulier, (i) Her Majesty in right of Canada or of a province, de d’autre part, qui précède l’année d’imposition dans laquelle le don est fait, (C) le don est fait par la fiducie et les énoncés ci-après se vérifient : (I) la fin de l’année donnée est déterminée selon l’alinéa 104(13.4)a) en raison du décès d’un particulier, (II) le don est fait après l’année donnée et au plus tard à la date d’échéance de production qui est applicable à la fiducie pour l’année donnée, (III) l’objet du don est un bien qui a été détenu par la fiducie immédiatement avant le décès d’un particulier et qui a été ainsi donné. (total charitable gifts) total des dons de biens culturels En ce qui concerne un particulier pour une année d’imposition donnée, le total des sommes représentant chacune le montant admissible — dans la mesure où il n’est pas inclus dans le calcul d’une somme déterminée en application du présent article dans une année d’imposition précédente — d’un don à l’égard duquel les faits ci-après s’avèrent : a) il s’agit du don d’un objet qui, selon la Commission canadienne d’examen des exportations de biens culturels, est conforme au critère d’intérêt énoncé au paragraphe 29(3) de la Loi sur l’exportation et l’importation de biens culturels; b) le don est fait à un établissement ou une administration au Canada qui, au moment du don, est désigné, en application du paragraphe 32(2) de la Loi sur l’exportation et l’importation de biens culturels, à des fins générales ou à une fin particulière liée à cet objet; c) selon le cas : (i) si le particulier n’est pas une fiducie, un des énoncés ci-après s’applique : (A) le don est fait par le particulier, ou par son époux ou conjoint de fait, au cours de l’année donnée ou des dix années d’imposition précédentes, (B) le don est fait par le particulier au cours de l’année de son décès et l’année donnée est l’année d’imposition qui précède celle de son décès, (II) subsection (5.1) applies to the gift, and (a) the least of (i) the individual’s total charitable gifts for the year,
For the purposes of paragraph (2)(b), a person is deemed not to become a majority-interest beneficiary, and a group of persons is deemed not to become a majority-interest group of beneficiaries, as the case may be, of a particular trust solely because of (a) the acquisition of equity of the particular trust by (i) a particular person from another person with whom the particular person was affiliated immediately before the acquisition, (ii) a particular person who was affiliated with the particular trust immediately before the acquisition, (iii) an estate from an individual, if the estate arose on and as a consequence of the death of the individual and the estate acquired the equity from the individual as a consequence of the death, or (iv) a particular person from an estate that arose on and as a consequence of the death of an individual, if the estate acquired the equity from the individual as a consequence of the death and the individual was affiliated with the particular person immediately before the death; (b) a variation in the terms of the particular trust, the satisfaction of, or failure to satisfy, a condition under the terms of the particular trust, the exercise by any person of, or the failure by any person to exercise, a power, or (without limiting the generality of the foregoing) the redemption, surrender or other acquisition of equity of the particular trust at any time, if each majority-interest beneficiary, and each member of a majority-interest group of beneficiaries, of the particular trust immediately after that time was affiliated with the particular trust immediately before (i) that time, or (ii) in the case of the redemption or surrender of equity of the particular trust that was held, immediately before that time, by an estate and that was acquired by the estate from an individual as described in subparagraph (a)(iii), the individual’s death; (c) the transfer at any time of all the equity of the particular trust to a corporation, partnership or another trust (in this paragraph referred to as the “acquirer”), if (ii) at all times before that time the acquirer held no property or held only property having a nominal value, and (iii) immediately after that time the acquirer is neither (B) a corporation controlled, directly or indirectly in any manner whatever, by a person or group of persons; (d) the transfer at any time of equity of the particular trust to a corporation, partnership or another trust (in this paragraph referred to as the “acquirer”), if (i) immediately before that time a person was a majority-interest beneficiary, or a group of persons was a majority-interest group of beneficiaries, of the particular trust, (ii) immediately after that time the person, or group of persons, as the case may be, described in subparagraph (i) in respect of the particular trust, and no other person or group of persons, is (A) if the acquirer is a corporation, a person by whom, or a group of persons by which, the corporation is controlled directly or indirectly in any manner whatever, (B) if the acquirer is a partnership, a majority-interest partner, or a majority-interest group of partners, of the partnership, and (C) if the acquirer is a trust, a majority-interest beneficiary, or a majority-interest group of beneficiaries, of the trust, and (iii) at no time during a series of transactions or events that includes the transfer does the person or group of persons, as the case may be, described in subparagraph (i) in respect of the particular trust, cease to be a person or group of persons described in any of clauses (ii)(A) to (C) in respect of the acquirer; (e) a transaction (other than a transaction one or more of the parties to which may be excused from completing as a result of changes to this Act) the parties to which are obligated to complete under the terms of an agreement in writing between the parties entered into before March 21, 2013; or (f) the acquisition or disposition of equity of the particular trust at any time if (i) the particular trust is an investment fund immediately before that time, and (ii) the acquisition or disposition, as the case may be, is not part of a series of transactions or events that includes the particular trust ceasing to be an investment fund. Trusts — additional cases
where (C) le don est fait par la succession du particulier, le paragraphe (5.1) s’applique au don et l’année donnée est l’année d’imposition du décès du particulier ou l’année d’imposition précédente, (iii) si le particulier est une fiducie, un des énoncés ci-après s’applique : (A) le don est fait par la fiducie au cours de l’année donnée ou des cinq années d’imposition précédentes, (B) le don est fait par la fiducie et les énoncés ci-après se vérifient : (I) la fiducie est la succession d’un particulier, (II) le paragraphe (5.1) s’applique au don, (III) l’année donnée est une année d’imposition : 1 d’une part, dans laquelle la succession est la succession assujettie à l’imposition à taux progressifs du particulier, et 2 d’autre part, qui précède l’année d’imposition dans laquelle le don est fait, (C) le don est fait par la fiducie et les énoncés ci-après se vérifient : (I) la fin de l’année donnée est déterminée selon l’alinéa 104(13.4)a) en raison du décès d’un particulier, (II) le don est fait après l’année donnée et au plus tard à la date d’échéance de production qui est applicable à la fiducie pour l’année donnée, (III) l’objet du don est un bien donné détenu par la fiducie au moment du décès du particulier ou un bien substitué au bien donné. (total cultural gifts) total des dons de biens écosensibles En ce qui concerne un particulier pour une année d’imposition donnée, le total des sommes représentant chacune le montant admissible — dans la mesure où il n’est pas inclus par ailleurs dans le calcul d’une somme déduite en application du présent article dans le calcul de l’impôt payable par un particulier en vertu de la présente partie pour une année d’imposition — d’un don (sauf en dont le montant admissible est inclus en tout ou en partie (b) [Repealed, 2014, c. 39, s. 34] (d) the individual’s total ecological gifts for the year. (total des dons) dans le total des dons de biens culturels d’un contribuable pour une année d’imposition) à l’égard duquel les faits ci-après s’avèrent : a) il s’agit ou d’un don de fonds de terre (y compris un covenant ou une servitude, visant un fonds de terre, devant être, si le fonds de terre est situé au Québec, une servitude personnelle, d’une durée d’au moins 100 ans, ou une servitude réelle) : (i) dont la juste valeur marchande est attestée par le ministre de l’Environnement, (ii) qui, selon l’attestation de ce ministre ou d’une personne qu’il désigne, est sensible sur le plan écologique et dont la préservation et la conservation sont, de l’avis de ce ministre ou de cette personne, importantes pour la protection du patrimoine environnemental du Canada; b) le don est fait à un donataire reconnu qui est, selon le cas : (i) Sa Majesté du chef du Canada ou d’une province, (ii) un organisme de bienfaisance (sauf une fondation privée) enregistré qui est approuvé par le ministre de l’Environnement ou par une personne désignée pour ce qui est du don et dont l’une des principales missions, de l’avis de ce ministre, est de conserver et de protéger le patrimoine environnemental du Canada; c) selon le cas : (i) si le particulier n’est pas une fiducie, un des énoncés ci-après s’applique : (A) le don est fait par le particulier, ou par son époux ou conjoint de fait, au cours de l’année donnée ou des deux années d’imposition précédentes, (B) le don est fait par le particulier au cours de l’année de son décès et l’année donnée est l’année d’imposition qui précède celle de son décès, Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
For the purposes of paragraph (2)(b) and subject to subsection (3), a person is deemed to become at a particular time a majority-interest beneficiary of a particular trust if (a) a particular person is at and immediately before the particular time a majority-interest beneficiary, or a member of a majority-interest group of beneficiaries, of the particular trust, and the particular person is at the particular time, but is not immediately before the particular time, a subsidiary of another person (in this paragraph referred to as the “acquirer”), unless (i) the acquirer is immediately before the particular time affiliated with the particular trust, or (ii) this paragraph previously applied to deem a person to become a majority-interest beneficiary of the particular trust because the particular person became, as part of a series of transactions or events that includes the particular person becoming at the particular time a subsidiary of the acquirer, a subsidiary of another person that is at the particular time a subsidiary of the acquirer; or (b) at the particular time, as part of a series of transactions or events, two or more persons acquire equity of the particular trust in exchange for or upon a redemption or surrender of equity of, or as a consequence of a distribution from, a corporation, partnership or another trust, unless (i) a person affiliated with the corporation, partnership or other trust was immediately before the particular time a majority-interest beneficiary of the particular trust, (ii) if all the equity of the particular trust that was acquired at or before the particular time as part of the series were acquired by one person, the person would not at the particular time be a majority-interest beneficiary of the particular trust, or (iii) this paragraph previously applied to deem a person to become a majority-interest beneficiary of the particular trust because of an acquisition of equity of the particular trust that was part of the series. Trusts — special rules of application
Proof of gift Impôt sur le revenu
For the purposes of this section, (a) in determining whether persons are affiliated with each other (i) except for the purposes of paragraph (b) of the definition *subsidiary* in subsection (1), section 251.1 is to be read without reference to the definition *controlled* in subsection 251.1(3), (ii) in determining whether an individual (other than a trust) is affiliated with another individual (other than a trust), individuals connected by blood relationship, marriage or common-law partnership or adoption are deemed to be affiliated with one another, and (iii) if, at any time as part of a series of transactions or events a person acquires equity of a corporation, partnership or trust, and it can reasonably be concluded that one of the reasons for the acquisition, or for making any agreement or undertaking in respect of the acquisition, is to cause a condition in paragraph (3)(a) or (b) or subparagraph (4)(a)(i) or (b)(i) regarding affiliation to be satisfied at a particular time, the condition is deemed not to be satisfied at the particular time; (b) in determining whether a particular person becomes at any time a majority-interest beneficiary, or a particular group of persons becomes at any time a majority-interest group of beneficiaries, of a trust, the fair market value of each person’s equity of the trust is to be determined at and immediately before that time. (i) without reference to the portion of that fair market value that is attributable to property acquired if it can reasonably be concluded that one of the reasons for the acquisition is to cause paragraph (2)(b), or any provision that applies by reference to a trust being subject to a loss restriction event at any time, not to apply, (ii) without reference to the portion of that fair market value that is attributable to a change in the fair market value of all or part of any equity of the trust if it can reasonably be concluded that one of the reasons for the change is to cause paragraph (2)(b), or any provision that applies by reference to a trust being subject to a loss restriction event at any time, not to apply, and (iii) as each specified right held immediately before that time by the particular person, or by a member of the particular group, in respect of the trust is at that time exercised if it can reasonably be concluded that one of the reasons for the acquisition of the right is to cause paragraph (2)(b), or any provision that applies by reference to a trust being subject to a loss restriction event at any time, not to apply; and (c) if, at any time as part of a series of transactions or events a person acquires a security (as defined in subsection 122.1(1)) and it can reasonably be concluded that one of the reasons for the acquisition, or for making any agreement or undertaking in respect of the acquisition, is to cause a condition in subparagraph (b)(v) or clause (b)(vi)(D) of the definition investment fund in subsection (1) to be satisfied at a particular time in respect of a trust, the condition is deemed not to be satisfied at the particular time in respect of the trust.
For the purposes of this Act, if a trust is subject to a loss restriction event at a particular time during a day, the trust is deemed to be subject to the loss restriction event at the beginning of that day and not at the particular time unless the trust elects in its return of income under Part I filed for its taxation year that ends immediately before the loss restriction event to have this subsection not apply. Filing and other deadlines
If at any time a trust is subject to a loss restriction event, in respect of the trust for its taxation year that ends immediately before that time, (a) the reference in paragraph 132(2.1)(a) to “the day that is 90 days after the end of the year” is to be read as “the balance-due day of the trust for the year”; (b) the reference in subsection 132.6(1) to “before the 91st day after the end of” is to be read as “on or before the balance-due day of the trust for”; (c) the reference in paragraph 150(1)(c) to “within 90 days from the end of” is to be read as “on or before the balance-due day of the trust for”; (d) the reference in subsection 204.7(1) to “Within 90 days from the end of each taxation year commencing after 1980” is to be read as “On or before the balance-due day of the trust for each taxation year”; (e) the reference in subsection 210.2(5), and in subsection 221(2) of the Income Tax Regulations, to “within 90 days after the end of” is to be read as “on or before the balance-due day of the trust for”; and (f) the references in subsections 202(8) and 204(2) of the Income Tax Regulations to “within 90 days from the end of” are to be read as “on or before the balance-due day of the trust for”. Extended meaning of child
(a) a person of whom the taxpayer is the legal parent; (b) a person who is wholly dependent on the taxpayer for support and of whom the taxpayer has, or immediately before the person attained the age of 19 years had, in law or in fact, the custody and control; (c) a child of the taxpayer’s spouse or common-law partner; and (e) a spouse or common-law partner of a child of the taxpayer. Relationships
Attestation du don
In this Act, words referring to (a) a parent of a taxpayer include a person (i) whose child the taxpayer is, (ii) whose child the taxpayer had previously been within the meaning of paragraph 252(1)(b), or (iii) who is a parent of the taxpayer’s spouse or common-law partner; (b) a brother of a taxpayer include a person who is (i) the brother of the taxpayer’s spouse or common-law partner, or (ii) the spouse or common-law partner of the taxpayer’s sister; (c) a sister of a taxpayer include a person who is (i) the sister of the taxpayer’s spouse or common-law partner, or (ii) the spouse or common-law partner of the taxpayer’s brother; (i) the grandfather or grandmother of the taxpayer’s spouse or common-law partner, or (ii) the spouse or common-law partner of the taxpayer’s grandfather or grandmother; (e) an aunt or uncle of a taxpayer include the spouse or common-law partner of the taxpayer’s aunt or uncle, as the case may be; (f) a great-aunt or great-uncle of a taxpayer include the spouse or common-law partner of the taxpayer’s great-aunt or great-uncle, as the case may be; and (g) a niece or nephew of a taxpayer include the niece or nephew, as the case may be, of the taxpayer’s spouse or common-law partner. Extended meaning of spouse and former spouse
Pour que le montant admissible d’un don soit inclus dans le total des dons de bienfaisance, le total des dons de biens culturels ou le total des dons de biens écosensibles, le versement du don doit être attesté par la présentation au ministre des documents suivants : a) un reçu contenant les renseignements prescrits; b) s’il s’agit d’un don visé à la définition de total des dons de biens culturels au paragraphe (1), le **Ordering of gifts** A × B + C × D + E × F where D is --- certificat délivré en vertu du paragraphe 33(1) de la *Loi sur l’exportation et l’importation de biens culturels*; c) s’il s’agit d’un don visé à la définition de *total des dons de biens écosensibles* au paragraphe (1), les deux attestations mentionnées à cette définition. **Ordre d’application** (2.1) Pour déterminer le total des dons de bienfaisance, le total des dons de biens culturels et le total des dons de biens écosensibles d’un particulier pour une année d’imposition, aucune somme relative à un don visé à la définition de l’une de ces expressions et fait au cours d’une année d’imposition donnée n’est considérée comme ayant été incluse dans le calcul d’une somme déduite en application du présent article dans le calcul de l’impôt payable par le particulier en vertu de la présente partie pour une année d’imposition tant que les sommes relatives à ces dons faits au cours des années d’imposition précédant l’année donnée qui peuvent être ainsi considérées ne le sont pas. **Crédits d’impôt pour dons**
For the purposes of paragraph 56(1)(b), section 56.1, paragraphs 60(b) and (j), section 60.1, subsections 70(6) and (6.1), 73(1) and (5) and 104(4) and (5.1), the definition pre-1972 spousal trust in subsection 108(1), subsection 146(1), the definition survivor in subsection 146.2(1), subparagraph 146.3(2)(f)(iv), subsection 146.3(14), section 146.5, subsections 147(19) and 147.3(6) and (7), section 147.5, subsections 148(8.1) and (8.2), the definition qualifying transfer in subsection 207.01(1), and subsections 210(1) and 248(22) and (23), spouse and former spouse of a particular individual include another individual who is a party to a void or voidable marriage with the particular individual. Union employer
Un particulier peut déduire dans le calcul de son impôt payable en vertu de la présente partie pour une année d’imposition un montant qui ne dépasse pas le montant calculé selon la formule suivante : A × B + C × D + E × F où : A représente le taux de base pour l’année; B le moins élevé de 200 $ et du total des dons du particulier pour l’année; C le taux d’imposition supérieur pour l’année; D : a) dans le cas d’une fiducie (sauf une *fiducie admissible pour personne handicapée*, au sens du paragraphe 122(3)), l’excédent éventuel du total de ses dons pour l’année sur 200 $, b) dans les autres cas, le moins des montants suivants : (i) l’excédent éventuel du total des dons du particulier pour l’année sur 200 $, (ii) l’excédent éventuel du montant imposable du particulier pour l’année pour l’application du paragraphe 117(2) sur la première somme pour l’année mentionnée à l’alinéa 117(2)e); E 29 %; et Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
(a) pension adjustments and past service pension adjustments for years after 1994; (b) the determination of whether a pension plan is, in a year after 1994, a multi-employer plan or a specified multi-employer plan (within the meanings assigned by subsection 147.1(1)); (c) the determination of whether a contribution made under a plan or arrangement is a resident’s contribution within the meaning assigned by subsection 207.6(5.1)); and (d) the deduction or withholding and the remittance of any amount as required by subsection 153(1) in respect of a contribution made after 1991 under a retirement compensation arrangement. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; 1994, c. 21, s. 113.] Extended meaning of carrying on business
(3.1) and (3.2) [Repealed, 2013, c. 33, s. 10] Impôt sur le revenu
(a) produces, grows, mines, creates, manufactures, fabricates, improves, packs, preserves or constructs, in whole or in part, anything in Canada whether or not the person exports that thing without selling it before exportation, (b) solicits orders or offers anything for sale in Canada through an agent or servant, whether the contract or transaction is to be completed inside or outside Canada or partly in and partly outside Canada, or (i) Canadian resource property, except where an amount in respect of the disposition is included under paragraph 66.2(1)(a) or 66.4(1)(a), (ii) property (other than depreciable property) that is a timber resource property, an option in respect of a timber resource property or an interest in, or for civil law a right in, a timber resource property, or (iii) property (other than capital property) that is real or immovable property situated in Canada, including an option in respect of such property or an interest in, or for civil law a real right in, such property, whether or not the property is in existence, the person shall be deemed, in respect of the activity or disposition, to have been carrying on business in Canada in the year. Investments in limited partnerships
Investments in limited partnerships
For the purposes of section 149.1 and subsections 188.1(1) and (2), if a registered charity, a registered Canadian amateur athletic association or a registered journalism organization holds an interest as a member of a partnership, the member shall not, solely because of its acquisition and holding of that interest, be considered to carry on any business of the partnership if (a) by operation of any law governing the arrangement in respect of the partnership, the liability of the member as a member of the partnership is limited; (b) the member deals at arm’s length with each general partner of the partnership; and (c) the member, or the member together with persons and partnerships with which it does not deal at arm’s length, holds interests in the partnership that have a fair market value of not more than 20% of the fair market value of the interests of all members in the partnership. Contract under pension plan
(a) if the rights provided for in the document or contract are rights provided by the superannuation or pension plan or are rights to a payment or payments out of the superannuation or pension fund, and the taxpayer acquired an interest under the document or the contract before that day, any payment under the document or contract is deemed to be a payment out of or under the superannuation or pension fund or plan and the taxpayer is deemed not to have received, by the issuance of the document or by entering into the contract, an amount out of or under the superannuation or pension fund or plan; and (b) if the rights created or established by the document or contract are not rights provided for by the superannuation or pension plan or a right to payments out of the superannuation or pension fund, an amount equal to the value of the rights created or established by the document or contract shall be deemed to have been received by the taxpayer out of or under the superannuation or pension fund or plan when the document was issued or the contract was entered into.
F l’excédent éventuel du total des dons du particulier pour l’année sur le total de 200 $ et du montant déterminé selon l’élément D. (3.1) et (3.2) [Abrogés, 2013, ch. 33, art. 10] Don — décès avant 2016
(a) the sea bed and subsoil of the submarine areas adjacent to the coasts of Canada in respect of which the Government of Canada or of a province grants a right, licence or privilege to explore for, drill for or take any minerals, petroleum, natural gas or any related hydrocarbons; and (b) the seas and airspace above the submarine areas referred to in paragraph 255(a) in respect of any activities carried on in connection with the exploration for or exploitation of the minerals, petroleum, natural gas or hydrocarbons referred to in that paragraph. Associated corporations
Le don qu’un particulier décédé avant 2016 est réputé, par l’effet du présent paragraphe ou d’un des paragraphes (5), (5.2), (5.3), (7) ou (7.1) dans leur version applicable à l’année d’imposition du décès, avoir fait avant son décès est réputé, pour l’application du présent article, ne pas avoir été fait par un autre contribuable ou à un autre moment. Don — décès après 2015 (4.1) Le paragraphe (5) s’applique à un don à l’égard duquel une des énoncés ci-après s’avère si une succession commence à exister au décès d’un particulier qui survient après 2015 et par suite de ce décès : a) le don est fait par le particulier par testament; b) il est réputé, en vertu du paragraphe (5.2), avoir fait relativement au décès; c) il est fait par la succession. Don — décès après 2015
(a) one of the corporations controlled, directly or indirectly in any manner whatever, the other; (b) both of the corporations were controlled, directly or indirectly in any manner whatever, by the same person or group of persons; (c) each of the corporations was controlled, directly or indirectly in any manner whatever, by a person and the person who so controlled one of the corporations was related to the person who so controlled the other, and either of those persons owned, in respect of each corporation, not less than 25% of the issued shares of any class, other than a specified class, of the capital stock thereof; (d) one of the corporations was controlled, directly or indirectly in any manner whatever, by a person and that person was related to each member of a group of persons that so controlled the other corporation, and that person owned, in respect of the other corporation, not less than 25% of the issued shares of any class, other than a specified class, of the capital stock thereof; or (e) each of the corporations was controlled, directly or indirectly in any manner whatever, by a related group and each of the members of one of the related groups was related to all of the members of the other related group, and one or more persons who were members of both related groups, either alone or together, owned, in respect of each corporation, not less than 25% of the issued shares of any class, other than a specified class, of the capital stock thereof. (a) the shares are not convertible or exchangeable; (b) the shares are non-voting; (c) the amount of each dividend payable on the shares is calculated as a fixed amount or by reference to a fixed percentage of an amount equal to the fair market value of the consideration for which the shares were issued; (d) the annual rate of the dividend on the shares, expressed as a percentage of an amount equal to the fair market value of the consideration for which the shares were issued, cannot in any event exceed, (i) where the shares were issued before 1984, the rate of interest prescribed for the purposes of subsection 161(1) at the time the shares were issued, and (ii) where the shares were issued after 1983, the prescribed rate of interest at the time the shares were issued; and (e) the amount that any holder of the shares is entitled to receive on the redemption, cancellation or acquisition of the shares by the corporation or by any person with whom the corporation does not deal at arm’s length cannot exceed the total of an amount equal to the fair market value of the consideration for which the shares were issued and the amount of any unpaid dividends thereon. (a) a group of persons in respect of a corporation means any two or more persons each of whom owns shares of the capital stock of the corporation; (b) for greater certainty, (i) a corporation that is controlled by one or more members of a particular group of persons in respect of that corporation shall be considered to be controlled by that group of persons, and (ii) a corporation may be controlled by a person or a particular group of persons notwithstanding that the corporation is also controlled or deemed to be controlled by another person or group of persons; (c) a corporation shall be deemed to be controlled by another corporation, a person or a group of persons at any time where (i) shares of the capital stock of the corporation having a fair market value of more than 50% of the fair market value of all the issued and outstanding shares of the capital stock of the corporation, or (ii) common shares of the capital stock of the corporation having a fair market value of more than 50% of the fair market value of all the issued and outstanding common shares of the capital stock of the corporation are owned at that time by the other corporation, the person or the group of persons, as the case may be; (d) where shares of the capital stock of a corporation are owned, or deemed by this subsection to be owned, at any time by another corporation (in this paragraph referred to as the “holding corporation”), those shares shall be deemed to be owned at that time by any shareholder of the holding corporation in a proportion equal to the proportion of all those shares that (i) the fair market value of the shares of the capital stock of the holding corporation owned at that time by the shareholder is of (ii) the fair market value of all the issued shares of the capital stock of the holding corporation outstanding at that time; (e) where, at any time, shares of the capital stock of a corporation are property of a partnership, or are deemed by this subsection to be owned by the partnership, those shares shall be deemed to be owned at that time by each member of the partnership in a proportion equal to the proportion of all those shares that (i) the member’s share of the income or loss of the partnership for its fiscal period that includes that time is of (ii) the income or loss of the partnership for its fiscal period that includes that time and for this purpose, where the income and loss of the partnership for its fiscal period that includes that time are nil, that proportion shall be computed as if the partnership had had income for that period in the amount of $1,000,000; (f) where shares of the capital stock of a corporation are owned, or deemed by this subsection to be owned, at any time by a trust, (ii) where a beneficiary’s share of the accumulating income or capital therefrom depends on the exercise by any person of, or the failure by any person to exercise, any discretionary power, those shares are deemed to be owned at that time by the beneficiary, (iii) in any case where subparagraph (ii) does not apply, a beneficiary is deemed at that time to own the proportion of those shares that the fair market value of the beneficial interest in the trust of the beneficiary is of the fair market value of all beneficial interests in the trust, and (iv) in the case of a trust referred to in subsection 75(2), the person referred to in that subsection from whom property of the trust or property for which it was substituted was directly or indirectly received shall be deemed to own those shares at that time; and (g) in determining the fair market value of a share of the capital stock of a corporation, all issued and outstanding shares of the capital stock of the corporation shall be deemed to be non-voting. Parent deemed to own shares (1.3) Where at any time shares of the capital stock of a corporation are owned by a child who is under 18 years of age, for the purpose of determining whether the corporation is associated at that time with any other corporation that is controlled, directly or indirectly in any manner whatever, by a parent of the child or by a group of persons of which the parent is a member, the shares shall be deemed to be owned at that time by the parent unless, having regard to all the circumstances, it can reasonably be considered that the child manages the business and affairs of the corporation and does so without a significant degree of influence by the parent. Options and rights (1.4) For the purpose of determining whether a corporation is associated with another corporation with which it is not otherwise associated, where a person or any partnership in which the person has an interest has a right at any time under a contract, in equity or otherwise, either immediately or in the future and either absolutely or contingently, (a) to, or to acquire, shares of the capital stock of a corporation, or to control the voting rights of shares of the capital stock of a corporation, the person or partnership shall, except where the right is not exercisable at that time because the exercise thereof is contingent on the death, bankruptcy or permanent disability of an individual, be deemed to own the shares at that time, and the shares shall be deemed to be issued and outstanding at that time; or (b) to cause a corporation to redeem, acquire or cancel any shares of its capital stock owned by other shareholders of a corporation, the person or partnership shall, except where the right is not exercisable at that time because the exercise thereof is contingent on the death, bankruptcy or permanent disability of an individual, be deemed at that time to have the same position in relation to control of the corporation and ownership of shares of its capital stock as if the shares were redeemed, acquired or cancelled by the corporation. Person related to himself, herself or itself (1.5) For the purposes of subsections 256(1) to 256(1.4) and 256(1.6) to 256(5), where a person owns shares in two or more corporations, the person shall as shareholder of one of the corporations be deemed to be related to himself, herself or itself as shareholder of each of the other corporations. (1.6) For the purposes of subsection 256(1.2) and notwithstanding subsection 256(1.4), any share that is (a) described in paragraph (e) of the definition term preferred share in subsection 248(1) during the applicable time referred to in that paragraph, or shall be deemed not to have been issued and outstanding and not to be owned by any shareholder and an amount equal to the greater of the paid-up capital of the share and the amount, if any, that any holder of the share is entitled to receive on the redemption, cancellation or acquisition of the share by the corporation shall be deemed to be a liability of the corporation. Corporations associated through a third corporation (a) this Act, subject to paragraph (b), two corporations are deemed to be associated with each other at a particular time if (i) they would, but for this subsection, not be associated with each other at the particular time, and (ii) each corporation is associated with, or is deemed by this subsection to be associated with, the same corporation (in this subsection referred to as the third corporation) at the particular time; (i) if the third corporation is not a Canadian-controlled private corporation at the particular time, the two corporations are deemed not to be associated with each other at the particular time, and (ii) if the third corporation is a Canadian-controlled private corporation that elects in prescribed form to apply this subparagraph in its taxation year that includes the particular time, the two corporations are deemed not to be associated with each other at the particular time and the business limit of the third corporation for its taxation year that includes the particular time is deemed to be nil. Anti-avoidance (2.1) For the purposes of this Act, where, in the case of two or more corporations, it may reasonably be considered that one of the main reasons for the separate existence of those corporations in a taxation year is to reduce the amount of taxes that would otherwise be payable under this Act or to increase the amount of refundable investment tax credit under section 127.1, the two or more corporations shall be deemed to be associated with each other in the year.
Pour l’application de la présente loi (sauf les paragraphes (4.1) et (5.2)), le don auquel le présent paragraphe s’applique est réputé être fait : a) par la succession visée au paragraphe (4.1) et non par un autre contribuable; b) sous réserve du paragraphe (13), au moment où le bien qui fait l’objet du don est transféré au donataire et non à un autre moment. Don — succession assujettie à l’imposition à taux progressifs (5.1) Le présent paragraphe s’applique au don — fait par la succession assujettie à l’imposition à taux progressifs (ou une succession qui serait une succession assujettie à l’imposition à taux progressifs si l’alinéa a) de la définition de succession assujettie à l’imposition à taux progressifs au paragraphe 248(1)) d’un particulier dont le décès survient après 2015 — qui suit le décès d’au plus 60 mois si l’un des faits ci-après s’avère : a) le don est réputé, en vertu du paragraphe (5.2), avoir été fait relativement au décès; b) le bien qui fait l’objet du don est un bien acquis par la succession au décès ou par suite de ce décès ou un bien qui lui a été substitué. Deemed gifts — eligible transfers Dons réputés — transferts admissibles (5.2) Pour l’application du présent article, une somme d’argent ou un titre négociable qui est transféré à un donataire reconnu est réputé être un bien qui fait l’objet d’un don à celui-ci, relativement au décès d’un particulier, si ce décès survient après 2015 et que le transfert, selon le cas : a) est un transfert — sauf un transfert dont le montant n’est pas inclus dans le calcul du revenu du particulier ou de sa succession pour une année d’imposition, mais y aurait été inclus pour une année d’imposition si le transfert avait été effectué au représentant légal du particulier au profit de la succession et si la présente loi s’appliquait compte non tenu du paragraphe 70(3) — qui est effectué, à la fois : (i) par suite du décès, (ii) uniquement en exécution des obligations prévues par une police d’assurance-vie aux termes de laquelle la vie du particulier était assurée, et un changement de bénéficiaire du transfert ne pouvant se faire sans le consentement du particulier, (iii) d’un assureur à une personne qui est le donataire reconnu et qui, immédiatement avant le décès, n’était ni titulaire de la police ni cessionnaire de l’intérêt du particulier dans la police; b) est un transfert qui est effectué, à la fois : (i) par suite du décès, (ii) en raison seulement de l’intérêt ou, pour l’application du droit civil, du droit du donataire reconnu à titre de bénéficiaire d’un arrangement (sauf un arrangement dont l’émetteur est un fournisseur de rentes autorisé) qui, à la fois : (A) est un régime enregistré d’épargne-retraite ou un fonds enregistré de revenu de retraite ou était, immédiatement avant le décès, un compte d’épargne libre d’impôt, (B) est un arrangement dont le particulier était le rentier ou le titulaire immédiatement avant son décès, (iii) au donataire reconnu en raison de l’arrangement. (5.3) [Repealed, 2014, c. 39, s. 34] Where subsection (6) applies (5.4) Subsection (6) applies in circumstances where (a) an individual Gifts of capital property Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
Where one corporation (in this subsection referred to as the “controlled corporation”) would, but for this subsection, be associated with another corporation in a taxation year by reason of being controlled, directly or indirectly in any manner whatever, by the other corporation or by reason of both of the corporations being controlled, directly or indirectly in any manner whatever, by the same person at a particular time in the year (which corporation or person so controlling the controlled corporation is in this subsection referred to as the “controller”) and it is established to the satisfaction of the Minister that (a) there was in effect at the particular time an agreement or arrangement enforceable according to the terms thereof, under which, on the satisfaction of a condition or the happening of an event that it is reasonable to expect will be satisfied or happen, the controlled corporation will (i) cease to be controlled, directly or indirectly in any manner whatever, by the controller, and (ii) be or become controlled, directly or indirectly in any manner whatever, by a person or group of persons, with whom or with each of the members of which, as the case may be, the controller was at the particular time dealing at arm’s length, and (b) the purpose for which the controlled corporation was at the particular time so controlled was the safeguarding of rights or interests of the controller in respect of (i) any indebtedness owing to the controller the whole or any part of the principal amount of which was outstanding at the particular time, or (ii) any shares of the capital stock of the controlled corporation that were owned by the controller at the particular time and that were, under the agreement or arrangement, to be redeemed by the controlled corporation or purchased by the person or group of persons referred to in subparagraph 256(3)(a)(ii), the controlled corporation and the other corporation with which it would otherwise be so associated in the year shall be deemed, for the purpose of this Act, not to be associated with each other in the year.
Gift of art Gift of art Impôt sur le revenu
Where one corporation would, but for this subsection, be associated with another corporation in a taxation year by reason of both of the corporations being controlled by the same executor, liquidator of a succession or trustee and it is established to the satisfaction of the Minister (a) that the executor, liquidator or trustee did not acquire control of the corporations as a result of one or more estates or trusts created by the same individual or two or more individuals not dealing with each other at arm’s length, and (b) that the estate or trust under which the executor, liquidator or trustee acquired control of each of the corporations arose only on the death of the individual creating the estate or trust, the two corporations are deemed, for the purposes of this Act, not to be associated with each other in the year.
Where one corporation would, but for this subsection, be associated with another corporation in a taxation year by reason only that the other corporation is a trustee under a trust pursuant to which the corporation is controlled, the two corporations shall be deemed, for the purposes of this Act, not to be associated with each other in the year unless, at any time in the year, a settlor of the trust controlled or is a member of a related group that controlled the other corporation that is the trustee under the trust. Control in fact (5.1) For the purposes of this Act, where the expression “controlled, directly or indirectly in any manner whatever,” is used, a corporation shall be considered to be so controlled by another corporation, person or group of persons (in this subsection referred to as the “controller”) at any time where, at that time, the controller has any direct or indirect influence that, if exercised, would result in control in fact of the corporation, except that, where the corporation and the controller are dealing with each other at arm’s length and the influence is derived from a franchise, licence, lease, distribution, supply or management agreement or other similar agreement or arrangement, the main purpose of which is to govern the relationship between the corporation and the controller regarding the manner in which a business carried on by the corporation is to be conducted, the corporation shall not be considered to be controlled, directly or indirectly in any manner whatever, by the controller by reason only of that agreement or arrangement. (5.11) For the purposes of the Act, the determination of whether a taxpayer has, in respect of a corporation, any direct or indirect influence that, if exercised, would result in control in fact of the corporation, shall (a) take into consideration all factors that are relevant in the circumstances; and (b) not be limited to, and the relevant factors need not include, whether the taxpayer has a legally enforceable right or ability to effect a change in the board of directors of the corporation, or its powers, or to exercise influence over the shareholder or shareholders who have that right or ability.
For the purposes of this Act, where a corporation (in this subsection referred to as the “controlled corporation”) would, but for this subsection, be regarded as having been controlled or controlled, directly or indirectly in any manner whatever, by a person or partnership (in this subsection referred to as the “controller”) at a particular time and it is established that (a) there was in effect at the particular time an agreement or arrangement enforceable according to the terms thereof, under which, on the satisfaction of a condition or the happening of an event that it is reasonable to expect will be satisfied or happen, the controlled corporation will (i) cease to be controlled, or controlled, directly or indirectly in any manner whatever, as the case may be, by the controller, and (ii) be or become controlled, or controlled, directly or indirectly in any manner whatever, as the case may be, by a person or group of persons, with whom or with each of the members of which, as the case may be, the controller was at the particular time dealing at arm’s length, and (b) the purpose for which the controlled corporation was at the particular time so controlled, or controlled, directly or indirectly in any manner whatever, as the case may be, was the safeguarding of rights or interests of the controller in respect of (i) any indebtedness owing to the controller the whole or any part of the principal amount of which was outstanding at the particular time, or (ii) any shares of the capital stock of the controlled corporation that were owned by the controller at the particular time and that were, under the agreement or arrangement, to be redeemed by the controlled corporation or purchased by the person or group of persons referred to in subparagraph 256(6)(a)(ii), the controlled corporation is deemed not to have been controlled by the controller at the particular time. (6.1) For the purposes of this Act and for greater certainty, (a) where a corporation (in this paragraph referred to as the “subsidiary”) would be controlled by another corporation (in this paragraph referred to as the “parent”) if the parent were not controlled by any person or group of persons, the subsidiary is controlled by (i) the parent, and (ii) any person or group of persons by whom the parent is controlled; and (b) where a corporation (in this paragraph referred to as the “subject corporation”) would be controlled by a group of persons (in this paragraph referred to as the “first-tier group”) if no corporation that is a member of the first-tier group were controlled by any person or group of persons, the subject corporation is controlled by (ii) any group of one or more persons comprised of, in respect of every member of the first-tier group, either the member, or a person or group of persons by whom the member is controlled. Application to control in fact (6.2) In its application to subsection (5.1), subsection (6.1) shall be read as if the references in subsection (6.1) to “controlled” were references to “controlled, directly or indirectly in any manner whatever,”. Acquiring control (a) control of a particular corporation shall be deemed not to have been acquired solely because of (i) the acquisition at any time of shares of any corporation by (A) a particular person who acquired the shares from a person to whom the particular person was related (otherwise than because of a right referred to in paragraph 251(5)(b)) immediately before that time, (B) a particular person who was related to the particular corporation (otherwise than because of a right referred to in paragraph 251(5)(b)) immediately before that time, (C) an estate that acquired the shares because of the death of a person, (D) a particular person who acquired the shares from an estate that arose on and as a consequence of the death of an individual, if the estate acquired the shares from the individual as a consequence of the death and the individual was related to the particular person immediately before the death, (E) a corporation on a distribution (within the meaning assigned by subsection 55(1)) by a specified corporation (within the meaning assigned by that subsection) if a dividend, to which subsection 55(2) does not apply because of paragraph 55(3)(b), is received in the course of the reorganization in which the distribution occurs, (ii) the redemption or cancellation at any particular time of, or a change at any particular time in the rights, privileges, restrictions or conditions attaching to, shares of the particular corporation or of a corporation controlling the particular corporation, where each person and each member of each group of persons that controls the particular corporation immediately after the particular time was related (otherwise than because of a right referred to in paragraph 251(5)(b)) to the corporation (A) immediately before the particular time, or (B) immediately before the death of a person, where the shares were held immediately before the particular time by an estate that acquired the shares because of the person’s death, or (iii) the acquisition at any time of shares of the particular corporation if (A) the acquisition of those shares would otherwise result in the acquisition of control of the particular corporation at that time by a related group of persons, and (B) each member of each group of persons that controls the particular corporation at that time was related (otherwise than because of a right referred to in paragraph 251(5)(b)) to the particular corporation immediately before that time; (b) where at any time 2 or more corporations (each of which is referred to in this paragraph as a “predecessor corporation”) have amalgamated to form one corporate entity (in this paragraph referred to as the “new corporation”), (i) control of a corporation is deemed not to have been acquired by any person or group of persons solely because of the amalgamation unless it is deemed by subparagraph 256(7)(b)(ii) or 256(7)(b)(iii) to have been so acquired, (ii) a person or group of persons that controls the new corporation immediately after the amalgamation and did not control a predecessor corporation immediately before the amalgamation is deemed to have acquired immediately before the amalgamation control of the predecessor corporation and of each corporation it controlled immediately before the amalgamation (unless the person or group of persons would not have acquired control of the predecessor corporation if the person or group of persons had acquired all the shares of the predecessor corporation immediately before the amalgamation), (iii) control of a predecessor corporation and of each corporation it controlled immediately before the amalgamation is deemed to have been acquired immediately before the amalgamation by a person or group of persons (A) unless the predecessor corporation was related (otherwise than because of a right referred to in paragraph 251(5)(b)) immediately before the amalgamation to each other predecessor corporation, (B) if one person had acquired, immediately before the amalgamation, all the shares of the capital stock — shares of the new corporation that were (B) unless, if one person had immediately after the amalgamation acquired all the shares of the new corporation’s capital stock that the shareholders of the predecessor corporation, or of another predecessor corporation that controlled the predecessor corporation, acquired on the amalgamation in consideration for their shares of the predecessor corporation or of the other predecessor corporation, as the case may be, the person would have acquired control of the new corporation as a result of the acquisition of those shares, or (C) unless this subparagraph would, but for this clause, deem control of each predecessor corporation to have been acquired on the amalgamation where the amalgamation is an amalgamation of (I) two corporations, or (II) two corporations (in this subclause referred to as the “parents”) and one or more other corporations (each of which is in this subclause referred to as a “subsidiary”) that would, if all the shares of each subsidiary’s capital stock that were held immediately before the amalgamation by the parents had been held by one person, have been controlled by that person; (c) subject to paragraph 256(7)(a), where 2 or more persons (in this paragraph referred to as the “transferors”) dispose of shares of the capital stock of a particular corporation in exchange for shares of the capital stock of another corporation (in this paragraph referred to as the “acquiring corporation”), control of the acquiring corporation and of each corporation controlled by it immediately before the exchange is deemed to have been acquired at the time of the exchange by a person or group of persons unless (i) the particular corporation and the acquiring corporation were related (otherwise than because of a right referred to in paragraph 251(5)(b)) to each other immediately before the exchange, or (ii) if all the shares of the acquiring corporation’s capital stock that were acquired by the transferors on the exchange were acquired at the time of the exchange by one person, the person would not control the acquiring corporation; (c.1) subject to paragraph (a), if, at any particular time, as part of a series of transactions or events, two or more persons acquire shares of a corporation (in this paragraph referred to as the "acquiring corporation") in exchange for or upon a redemption or surrender of interests in, or as a consequence of a distribution from, a SIFT trust (determined without reference to subsection 122.1(2)), SIFT partnership (determined without reference to subsection 197(8)) or real estate investment trust (as defined in subsection 122.1(1)), control of the acquiring corporation and of each corporation controlled by it immediately before the particular time is deemed to have been acquired by a person or group of persons at the particular time unless (i) in respect of each of the corporations, a person (in this subparagraph referred to as a "relevant person") affiliated (within the meaning assigned by section 251.1 read without reference to the definition controlled in subsection 251.1(3)) with the SIFT trust, SIFT partnership or real estate investment trust owned shares of the particular corporation having a total fair market value of more than 50% of the fair market value of all the issued and outstanding shares of the particular corporation at all times during the period that (A) begins on the latest of July 14, 2008, the date the particular corporation came into existence and the time of the last acquisition of control, if any, of the particular corporation by a relevant person, and (B) ends immediately before the particular time, (ii) if all the securities (in this subparagraph as defined in subsection 122.1(1)) of the acquiring corporation that were acquired as part of the series of transactions or events at or before the particular time were acquired by one person, the person would (A) not at the particular time control the acquiring corporation, and (B) have at the particular time acquired securities of the acquiring corporation having a fair market value of not more than 50% of the fair market value of all the issued and outstanding shares of the acquiring corporation, or (iii) this paragraph previously applied to deem an acquisition of control of the acquiring corporation upon an acquisition of shares that was part of the same series of transactions or events; (c.2) subject to paragraph (a), if, at any particular time, as part of a series of transactions or events, two or more persons acquire shares of a corporation (in this paragraph referred to as the "acquiring corporation") corporation”) in exchange for or upon a redemption or surrender of interests in, or as a consequence of a distribution from, a partnership or trust, control of the acquiring corporation and of each corporation controlled by it immediately before the particular time is deemed to have been acquired by a person or group of persons at the particular time unless (i) in respect of each of the corporations, a person affiliated with the partnership or trust owned immediately before the particular time shares of the particular corporation having a total fair market value of more than 50% of the fair market value of all the issued and outstanding shares of the particular corporation immediately before the particular time, (ii) if all the securities (in this subparagraph as defined in subsection 122.1(1)) of the acquiring corporation that were acquired at or before the particular time as part of the series were acquired by one person, the person would (A) not at the particular time control the acquiring corporation, and (B) have at the particular time acquired securities of the acquiring corporation having a fair market value of not more than 50% of the fair market value of all the issued and outstanding shares of the acquiring corporation, or (iii) paragraph (c.1) applies, or this paragraph or paragraph (c.1) previously applied, to deem an acquisition of control of the acquiring corporation upon an acquisition of shares that was part of the same series of transactions or events; (d) where at any time shares of the capital stock of a particular corporation are disposed of to another corporation (in this paragraph referred to as the “acquiring corporation”) for consideration that includes shares of the acquiring corporation’s capital stock and, immediately after that time, the acquiring corporation and the particular corporation are controlled by a person or group of persons who (i) controlled the particular corporation immediately before that time, and (ii) did not, as part of the series of transactions or events that includes the disposition, cease to control the acquiring corporation, control of the particular corporation and of each corporation controlled by it immediately before that time is deemed not to have been acquired by the acquiring corporation solely because of the disposition; (e) control of a particular corporation and of each corporation controlled by it immediately before a particular time is deemed not to have been acquired at the particular time by a corporation (in this paragraph referred to as the “acquiring corporation”) if at the particular time, the acquiring corporation acquires shares of the particular corporation’s capital stock for consideration that consists solely of shares of the acquiring corporation’s capital stock, and if (i) immediately after the particular time (A) the acquiring corporation owns all the shares of each class of the particular corporation’s capital stock (determined without reference to shares of a specified class, within the meaning assigned by paragraph 88(1)(c.8)), (B) the acquiring corporation is not controlled by any person or group of persons, and (C) the fair market value of the shares of the particular corporation’s capital stock that are owned by the acquiring corporation is not less than 95% of the fair market value of all of the assets of the acquiring corporation, or (ii) any of clauses (i)(A) to (C) do not apply and the acquisition occurs as part of a plan of arrangement that, on completion, results in (A) the acquiring corporation (or a new corporation that is formed on an amalgamation of the acquiring corporation and a subsidiary wholly-owned corporation of the acquiring corporation) owning all the shares of each class of the particular corporation’s capital stock (determined without reference to shares of a specified class, within the meaning assigned by paragraph 88(1)(c.8)), (B) the acquiring corporation (or the new corporation) not being controlled by any person or group of persons, and (C) the fair market value of the shares of the particular corporation’s capital stock that are owned by the acquiring corporation (or the new corporation) being not less than 95% of the fair market value of all of the assets of the acquiring corporation (or the new corporation); (f) if a particular trust is the only beneficiary of another trust, the particular trust is described in paragraph (c) of the definition SIFT trust wind-up event, the particular trust would, in the absence of this paragraph, acquire control of a corporation solely because of a SIFT trust wind-up event that is a distribution of shares of the capital stock of the corporation by the other trust, and the other trust controlled the corporation immediately before the distribution, the particular trust is deemed not to acquire control of the corporation because of the distribution; (g) a corporation (in this paragraph referred to as the “acquiring corporation”) that acquires shares of another corporation on a distribution that is a SIFT trust wind-up event of a SIFT wind-up entity is deemed not to acquire control of the other corporation because of that acquisition if the following conditions are met: (i) the SIFT wind-up entity is a trust whose only beneficiary immediately before the distribution is the acquiring corporation, (ii) the SIFT wind-up entity controlled the other corporation immediately before the distribution, (iii) as part of a series of transactions or events under which the acquiring corporation became the only beneficiary under the trust, two or more persons acquired shares in the acquiring corporation in exchange for their interests as beneficiaries under the trust, and (iv) if all the shares described in subparagraph (iii) had been acquired by one person, the person would (A) control the acquiring corporation, and (B) have acquired shares of the acquiring corporation having a fair market value of more than 50% of the fair market value of all the issued and outstanding shares of the acquiring corporation; (h) if at any time after September 12, 2013 a trust is subject to a loss restriction event and immediately before that time the trust, or a group of persons a member of which is the trust, controls a corporation, control of the corporation and of each corporation controlled by it immediately before that time is deemed to have been acquired at that time by a person or group of persons; (i) if at any time after September 12, 2013 a trust controls a corporation, control of the corporation is deemed not to be acquired solely because of a change in the trustee or legal representative having ownership or control of the trust’s property if (i) the change is not part of a series of transactions or events that includes a change in ownership of the trust’s property; (i) the change is not part of a series of transactions or events that includes a change in the beneficial ownership of the trust’s property, and (ii) no amount of income or capital of the trust to be distributed, at any time at or after the change, in respect of any interest in the trust depends upon the exercise by any person or partnership, or the failure of any person or partnership, to exercise any discretionary power; and (j) if an employee ownership trust controls a qualifying business, control of the qualifying business is deemed not to be acquired solely because of a change in the trustee having ownership or control of the trust’s property if the trust remains an employee ownership trust immediately after the change of trustee. Deemed exercise of right
Where at any time a taxpayer acquires a right referred to in paragraph 251(5)(b) in respect of a share and it can reasonably be concluded that one of the main purposes of the acquisition is the taxpayer is deemed to be in the same position in relation to the control of the corporation as if the right were immediate and absolute and as if the taxpayer had exercised the right at that time for the purpose of determining whether control of a corporation has been acquired for the purposes of subsections 10(10) and 13(24), section 37, subsections 55(2), 66(11), (11.4) and (11.5), 66.3(5), 66.7(10) and (11), section 80, paragraph 88(0.4)(h), subparagraph 88(1)(c)(vi), paragraph 88(1)(c.3), subsections 88.1(1) and (1.2), sections 111 and 127, subsections 181.1(7), 190.1(6) and 249(4) and paragraph 251.2(2)(a) and in determining for the purposes of section 251, paragraph (b) of the definition investment fund in subsection 251.2(1) and paragraphs 251.2(3)(c) and (d) and 256(7)(i) whether a corporation is controlled by any other person or group of persons. Corporations without share capital (a) a corporation incorporated without share capital is deemed to have a capital stock of a single class; (b) each member, policyholder and other participant in the corporation is deemed to be a shareholder of the corporation; and (c) the membership, policy or other interest in the corporation of each of those participants is deemed to be the number of shares of the corporation’s capital stock that the Minister considers reasonable in the circumstances, having regard to the total number of participants in the corporation and the nature of their participation. Date of acquisition of control
Don d'une œuvre d'art
For the purposes of this Act, other than for the purposes of determining if a corporation is, at any time, a small business corporation or a Canadian-controlled private corporation, where control of a corporation is acquired by a person or group of persons at a particular time on a day, control of the corporation shall be deemed to have been acquired by the person or group of persons, as the case may be, at the beginning of that day and not at the particular time unless the corporation elects in its return of income under Part I filed for its taxation year that ends immediately before the acquisition of control not to have this subsection apply. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.]
Le paragraphe (7.1) s'applique au don qui est fait par un particulier, qui est visé à la définition de total des dons de bienfaisance ou total des dons de biens culturels au paragraphe (1) et dont l'objet est une œuvre d'art qui, selon le cas : a) a été créée par le particulier et est un bien à porter à son inventaire; b) a été acquise par le particulier dans les circonstances visées au paragraphe 70(3); c) si le particulier est une succession qui a commencé à exister au décès d'un particulier qui a créé une telle œuvre, était un bien à porter à l'inventaire de ce dernier immédiatement avant son décès. Don d'une œuvre d'art (7.1) En cas d'application du présent paragraphe à un don fait par un particulier, les règles ci-après s'appliquent : a) s'agissant d'un don visé à la définition de total des dons de biens culturels au paragraphe (1) : (i) si, au moment où le don est fait, la juste valeur marchande de l'œuvre d'art qui fait l'objet du don excède son coût indiqué pour le particulier, celui-ci est réputé recevoir à ce moment, relativement à l'œuvre d'art, un produit de disposition égal au coût indiqué de l'œuvre d'art pour lui à ce moment ou, s'il est plus élevé, au montant de l'avantage au titre du don, (ii) si, au décès du créateur de l'œuvre d'art qui fait l'objet du don et qui est survenu avant ce décès, le particulier est la succession assujettie à l'imposition à taux progressifs du créateur et que, au moment immédiatement avant ce décès, la juste valeur marchande de l'œuvre d'art excède son coût indiqué pour le créateur, celui-ci est réputé recevoir à ce moment, relativement à l'œuvre d'art, un produit de disposition égal au coût indiqué de l'œuvre d'art pour lui à ce moment, et la succession est réputée avoir acquis l'œuvre d'art à un coût égal à ce produit; b) s'agissant d'un don visé à la définition de total des dons de bienfaisance au paragraphe (1) : (i) si, au moment où le don est fait, la juste valeur marchande de l'œuvre d'art qui fait l'objet du don excède son coût indiqué pour le particulier, le somme désignée dans la déclaration de revenu du particulier produite conformément à l'article 150 pour l’année d’imposition qui comprend ce moment est réputée correspondre, à la fois : (A) au produit de disposition relatif à l’œuvre d’art pour le particulier, (B) à la juste valeur marchande de l’œuvre d’art pour l’application du paragraphe 248(31), (iii) la désignation visée au sous-alinéa (i) est sans effet dans la mesure où la somme désignée, selon le cas : (A) excède la juste valeur marchande de l’œuvre d’art déterminée par ailleurs, (B) est inférieure au montant de l’avantage au titre du don ou, s’il est plus élevé, au coût indiqué de l’œuvre d’art pour le particulier, (iii) si, au décès du créateur de l’œuvre d’art qui fait l’objet du don et par suite de ce décès, le particulier est la succession assujettie à l’imposition aux taux progressifs de ce créateur et que, au moment immédiatement avant ce décès, la juste valeur marchande de l’œuvre d’art excède son coût indiqué pour ce créateur, (A) la somme désignée dans la déclaration de revenu du créateur produite conformément à l’article 150 pour l’année d’imposition qui comprend ce moment est réputée correspondre à la valeur de l’œuvre d’art au moment du décès, (B) la succession est réputée avoir acquis l’œuvre d’art à un coût égal à cette valeur, (iv) la désignation visée au sous-alinéa (iii) est sans effet dans la mesure où la somme désignée, selon le cas : (A) excède la juste valeur marchande de l’œuvre d’art déterminée par ailleurs, (B) est inférieure au coût indiqué de l’œuvre d’art pour le créateur. Don par une société de personnes
person includes a partnership. (personne)
Si un particulier est un associé d’une société de personnes à la fin d’un exercice de celle-ci, et ce, à tout moment qui, si la société de personnes était une personne, représenterait le montant admissible d’un don fait à un donataire par la société de personnes, pour l’application du présent article, représente le montant admissible d’un don fait à ce donataire par le particulier au cours de son année d’imposition dans laquelle l’exercice de la société de personnes se termine. Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
Subsection (3) applies at a particular time in respect of a corporation if (a) shares of the capital stock of the corporation held by a person, or the total of all shares of the capital stock of the corporation held by members of a group of persons, as the case may be, have at the particular time a fair market value that exceeds 75% of the fair market value of all the shares of the capital stock of the corporation; (b) shares, if any, of the capital stock of the corporation held by the person, or the total of all shares, if any, of the capital stock of the corporation held by members of the group, have immediately before the particular time a fair market value that does not exceed 75% of the fair market value of all the shares of the capital stock of the corporation; (c) the person or group does not control the corporation at the particular time; and (d) it is reasonable to conclude that one of the main reasons that the person or group does not control the corporation is to avoid the application of one or more specified provisions. Deemed acquisition of control
Commuter’s charitable donations Income Tax PART I Income Tax DIVISION C Computation of Tax SUBDIVISION A Rules Applicable to Individuals
If this subsection applies at a particular time in respect of a corporation, then for the purposes of the attribute trading restrictions, (i) is deemed to acquire control of the corporation, and each corporation controlled by the corporation, at the particular time, and (ii) is not deemed to have control of the corporation, and each corporation controlled by the corporation, at any time after the particular time solely because this paragraph applied at the particular time; and (b) during the period that the condition in paragraph (2)(a) is satisfied, each corporation referred to in paragraph (a) — and any corporation incorporated or otherwise formed subsequent to that time and controlled by that corporation — is deemed not to be related to, or affiliated with, any person to which it was related to, or affiliated with, immediately before paragraph (a) applies. Special rules
Ecological gifts — redetermination Impôt sur le revenu
For the purpose of applying paragraph (2)(a) in respect of a person or group of persons, (a) if it is reasonable to conclude that one of the reasons that one or more transactions or events occur is to cause a person or group of persons not to hold the shares having a fair market value that exceeds 75% of the fair market value of all the shares of the capital stock of a corporation, the paragraph is to be applied without reference to those transactions or events; and (b) the person, or each member of the group, is deemed to have exercised each right that is held by the person or a member of the group and that is referred to in paragraph 251(5)(b) in respect of a share of the corporation referred to in paragraph (2)(a).
For the purposes of subsections (2) to (4), if the fair market value of the shares of the capital stock of a corporation is nil at any time, then for the purpose of determining the fair market value of those shares, the corporation is deemed, at that time, to have assets net of liabilities equal to $100,000 and to have $100,000 of income for the taxation year that includes that time. Deemed acquisition of control
If, at any time as part of a transaction or event or series of transactions or events, control of a particular corporation is acquired by a person or group of persons and it can reasonably be concluded that one of the main reasons for the transaction or event or any transaction or event in the series of transactions or events is so that a specified provision does not apply to one or more corporations, the attribute trading restrictions are deemed to apply to each of those corporations as if control of each of those corporations were acquired at that time. Negative amounts
Deemed dividend on term preferred share
le ministre de l’Environnement, peut demander à ce ministre, par écrit, de fixer la juste valeur marchande du bien. Obligation du ministre de l’Environnement (10.3) Sur réception de la demande, le ministre de l’Environnement fixe avec diligence, conformément au paragraphe 110.1(5) ou au paragraphe (12), selon le cas, la juste valeur marchande du bien mentionné dans la demande et en avise par écrit la personne qui a disposé du bien ou qui se propose d’en disposer. Toutefois, il n’est pas donné suite à la demande si celle-ci parvient à ce ministre trois années écoulées de la période de trois ans suivant la fin de l’année d’imposition de la personne au cours de laquelle il a été disposé du bien. Biens écosensibles — valeur fixée de nouveau (10.4) Une fois la personne avisée, conformément au paragraphe (10.3), de la juste valeur marchande d’un bien relativement à sa disposition ou à sa disposition projetée, les règles suivantes s’appliquent : a) sur réception d’une demande écrite de la personne présentée au plus tard 90 jours suivant l’avis, le ministre, avec toute la diligence possible, confirme ou fixe de nouveau la juste valeur marchande du bien; b) ce ministre peut à tout moment, de sa propre initiative, fixer de nouveau la juste valeur marchande; c) dans un cas comme dans l’autre, ce ministre avise la personne par écrit de la confirmation ou de la valeur fixée de nouveau; d) la valeur fixée de nouveau est réputée remplacer celles qui ont été fixées ou fixées de nouveau antérieurement, à compter de la date où la valeur a été fixée pour la première fois. Attestation de la juste valeur marchande (10.5) Lorsque le ministre de l’Environnement fixe la juste valeur marchande d’un bien aux termes du paragraphe (10.3), ou la fixe de nouveau aux termes du paragraphe (10.4), et qu’il a été disposé du bien à un donataire reconnu visé à l’alinéa 110.1(1)d) ou à la définition de total des dons de biens écosensibles au paragraphe (1), ce ministre délivre à la personne ayant disposé du bien une attestation de la juste valeur marchande du bien ainsi fixée ou fixée de nouveau. En cas de délivrance de plus d’une telle attestation, la dernière est réputée remplacer les précédentes à compter de la date de délivrance de la première attestation. Ecological gifts Application of subsection (13.2) (a) an individual makes, at a particular time, a gift of a particular property to a qualified donee; (13.2) If this subsection applies, exceeds d’une somme égale à la juste valeur marchande du titre non admissible acquis par le donataire reconnu; b) pour l’application du paragraphe (13), (i) si le titre non admissible acquis par le donataire reconnu est un titre non admissible de la personne donnée, il est réputé être un titre non admissible du particulier, (ii) le particulier est réputé avoir fait don, au moment donné visé au paragraphe (13.1), du titre non admissible acquis par le donataire reconnu, dont la juste valeur marchande ne dépasse pas l’excédent de la somme visée à l’alinéa (A) sur la somme visée à l’alinéa (B) : (A) la juste valeur marchande de bien donné, déterminée compte non tenu de l’alinéa a), (B) la juste valeur marchande du bien donné, déterminée selon l’alinéa a), et (iii) l’alinéa (13)b) ne s’applique pas relativement au don. Titres non admissibles — anti-évitement (13.3) Pour l’application des paragraphes (13.1) et (13.2), si, dans le cadre d’une série d’opérations, un particulier fait un don à un donataire reconnu, que ce dernier acquiert un titre non admissible d’une personne (sauf le particulier ou la personne donnée visée au paragraphe (13.1)) et qu’il est raisonnable de considérer, compte tenu de toutes les circonstances, que l’un des objets ou des résultats de l’acquisition de ce titre par le donataire reconnu a été de faciliter, directement ou indirectement, le don par le particulier, le titre non admissible acquis par le donataire reconnu est réputé être un titre non admissible du particulier. Échange de titres
(a) any interest or dividend payable after November 16, 1978 on an income bond or an income debenture issued before November 17, 1978 or pursuant to an agreement in writing made before that date, or (b) a dividend that became payable or in arrears after November 16, 1978 on a share of the capital stock of a corporation that is not a term preferred share by reason of having been issued before November 17, 1978 or pursuant to an agreement in writing made before that date, shall, for the purposes of subsections 112(2.1) and 138(6), be deemed to be a dividend received on a term preferred share. Deemed interest on preferred shares
Dans le cas où une action (appelée « nouvelle action » au présent paragraphe) qui est un titre non admissible d’un particulier est acquise par le donataire visé au paragraphe (13) en échange d’une autre action (appelée « action originale » au présent paragraphe) qui est un titre non admissible du particulier dans le cadre d’une opération à laquelle s’appliquent l’article 51, les sous-alinéas 85.1(1)a)(i) et (ii) ou les articles 86 ou 87, la nouvelle action est réputée, pour l’application du présent paragraphe et du paragraphe (13), être la même action que l’action originale. Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
Subject to subsection 258(4), for the purposes of paragraphs 12(1)(c) and 12(1)(k) and sections 113 and 126, each amount that is dividend received in a taxation year on (a) a term preferred share by a specified financial institution resident in Canada from a corporation not resident in Canada, or (b) any other share that (i) is a grandfathered share, or (ii) was issued before 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 and is not deemed by subsection 112(2.22) to have been issued after that time by a corporation from a corporation not resident in Canada, if the dividend would have been a dividend in respect of which no deduction could have been made under subsection 112(1) or 112(2) or 138(6) because of subsection 112(2.2) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as it read on June 17, 1987, if the corporation that paid the dividend were a taxable Canadian corporation shall be deemed to be interest received in the year and not a dividend received on a share of the capital stock of a corporation.
Death of donor Loanbacks Impôt sur le revenu
Subsection (3) does not apply to a dividend described in paragraph (3)(a) (a) if the share on which the dividend was paid was not acquired in the ordinary course of the business carried on by the corporation; or (b) to the extent that the dividend would be described by subparagraph 53(2)(b)(ii) if the corporation not resident in Canada were not a foreign affiliate of the corporation. Deemed interest on certain shares
For the purposes of paragraphs 12(1)(c) and 12(1)(k) and sections 113 and 126, a dividend received after June 18, 1987 and in a taxation year from a corporation not resident in Canada, other than a corporation of which the recipient had or would have, if the corporation were a taxable Canadian corporation, a substantial interest (within the meaning assigned by section 191), on a share, if the dividend would have been a dividend in respect of which no deduction could have been made under subsection 112(1) or 112(2) or 138(6) by reason of subsection 112(2.2) or 112(4) if the corporation that paid the dividend were a taxable Canadian corporation, shall be deemed to be interest received in the year and not a dividend received on a share of the capital stock of the payer corporation.
Subsection (5) does not apply to a dividend described in that subsection to the extent that the dividend would be described by subparagraph 53(2)(b)(ii) if the corporation not resident in Canada were not a foreign affiliate of the recipient. [NOTE: Application provisions are not included in the consolidated text: see relevant amending Acts and regulations.] Proportional holdings in trust property
(a) the taxpayer shall be deemed not to acquire, hold or dispose of at that time, as the case may be, the particular unit; (b) where the taxpayer holds the particular unit at that time, the taxpayer shall be deemed to hold at that time that proportion (referred to in this subsection as the “specified portion”) of each property (in this subsection referred to as a “relevant property”) held by the trust at that time that one (or, where the particular unit is a fraction of a whole unit, that fraction) is of the number of units of the trust outstanding at that time; (i) the time the trust acquires the relevant property, and (ii) the time the taxpayer acquires the particular unit, the taxpayer shall be deemed to acquire the specified portion of a relevant property at that time; (e) where that time is the time the specified portion of a relevant property is deemed by paragraph 259(1)(d) to have been acquired, the fair market value of the specified portion of the relevant property at that time shall be deemed to be the specified portion of the fair market value of the relevant property at the time of its acquisition by the trust; (f) where that time is the time immediately before the time the trust disposes of a particular relevant property, the taxpayer shall be deemed to dispose of, immediately after that time, the specified portion of the particular relevant property for proceeds equal to the specified portion of the proceeds of disposition to the trust of the particular relevant property; (g) where that time is the time immediately before the time the taxpayer disposes of the particular unit, the taxpayer shall be deemed to dispose of, immediately after that time, the specified portion of each relevant property for proceeds equal to the specified portion of the fair market value of that relevant property at that time; and (h) where the taxpayer is deemed because of this subsection (i) to have acquired a portion of a relevant property as a consequence of the acquisition of the particular unit by the taxpayer and the acquisition of the relevant property by the trust, and (ii) subsequently to have disposed of the specified portion of the relevant property,
Échange d’un droit de bénéficiaire dans une fiducie (14.1) Dans le cas où un donataire dispose d’un droit de bénéficiaire dans une fiducie qui est un titre non admissible d’un particulier, dans des circonstances où l’alinéa (13)c) s’appliquerait à la disposition en l’absence du présent paragraphe, et ne reçoit en contrepartie que d’autres titres non admissibles du particulier, le don visé au paragraphe (13) est réputé, pour l’application de ce paragraphe, être un don de ces autres titres. Décès du donateur
An election by a qualified trust under subsection (1) shall be made by the qualified trust filing a prescribed form with the Minister and shall apply for the period (a) that begins on the later of (i) the day that is 15 months before the day on which the election is filed, and (ii) the day, if any, that is designated by the qualified trust in the election; and (b) that ends on the earlier of (i) the day on which the qualified trust files with the Minister a notice of revocation of the election, and (ii) the day, if any, that is designated by the qualified trust in the notice of revocation and that is not before the day that is 15 months before the day on which the notice of revocation is filed. (a) it shall provide notification of the election (i) within 30 days after making the election, to each person who held a unit in the qualified trust at any time in the period before the election was made and during which the election is applicable, and (ii) at the time of acquisition, to each person who acquires a unit in the qualified trust at any time in the period after the election was made and during which the election is applicable; and (b) if a person who holds a unit in the qualified trust at any time in the period during which the election is applicable makes a written request to the qualified trust for information that is necessary for the purpose of determining the consequences under this Act of the election for that person, the qualified trust shall provide to the person that information within 30 days after receiving the request.
Le particulier qui, si ce n’était le présent paragraphe, serait réputé par le paragraphe (13) avoir fait un don après son décès est réputé, pour l’application du présent article, avoir fait le don au cours de l’année d’imposition de son décès. Toutefois, les intérêts payables en vertu d’une disposition de la présente loi sont ceux qui seraient dus si le présent paragraphe ne s’appliquait pas au don. Auto-prêts
In this section, designated provisions means sections 146 and 146.1 to 146.4 and Parts X, XI.01 and XI.1, as they apply in respect of investments that are not qualified investments for a trust, and Part X.2; (dispositions désignées) qualified trust at any time means a trust (other than a registered investment or a trust that is prescribed to be a small business investment trust) where (a) each trustee of the trust at that time is a corporation that is licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada the business of offering to the public its services as a trustee or a person who is a trustee of a trust governed by a registered pension plan, (b) all the interests of the beneficiaries under the trust at that time are described by reference to units of the trust all of which are at that time identical to each other, (c) it has never before that time borrowed money except where the borrowing was for a term not exceeding 90 days and the borrowing was not part of a series of loans or other transactions and repayments, and dealer compensation payment means an amount received by a taxpayer as compensation, for an underlying payment, (a) from a registered securities dealer resident in Canada who paid the amount in the ordinary course of a business of trading in securities, or (b) in the ordinary course of the taxpayer’s business of trading in securities, where the taxpayer is a registered securities dealer resident in Canada; (paiement compensatoire (courtier)) qualified security means (a) a share of a class of the capital stock of a corporation that is listed on a stock exchange or of a class of the capital stock of a corporation that is a public corporation by reason of the designation of the class by the corporation in an election made under subparagraph (b)(i) of the definition public corporation in subsection 89(1) or by the Minister in a notice to the corporation under subparagraph (b)(ii) of that definition, (b) a bond, debenture, note or similar obligation of a corporation described in paragraph (a) or of a corporation that is controlled by such a corporation, (c) a bond, debenture, note or similar obligation of or guaranteed by the government of any country, province, state, municipality or other political subdivision, or of a corporation, commission, agency or association controlled by any such person, securities lending arrangement means an arrangement under which (a) a person (in this section referred to as the “lender”) transfers or lends at any particular time a qualified security to another person (in this section referred to as the “borrower”), (b) it may reasonably be expected, at the particular time, that the borrower will transfer or return after the particular time to the lender a security (in this section referred to as an “identical security”) that is identical to the security so transferred or lent, (c) the borrower is obligated to pay to the lender amounts equal to and as compensation for all amounts, if any, paid on the security that would have been received by the borrower if the borrower had held the security throughout the period that begins after the particular time and that ends at the time an identical security is transferred or returned to the lender, (d) the lender’s risk of loss or opportunity for gain or profit with respect to the security is not changed in any material respect, and (e) if the lender and the borrower do not deal with each other at arm’s length, it is intended that neither the arrangement nor any series of securities lending arrangements, loans or other transactions of which the arrangement is a part be in effect for more than 270 days, but does not include an arrangement one of the main purposes of which may reasonably be considered to be to avoid or defer the inclusion in income of any gain or profit with respect to the security. (mécanisme de prêt de valeurs mobilières) security distribution means an amount that is (b) an SLA compensation payment, or a dealer compensation payment, that is deemed by subsection (5.1) to be an amount received as an amount described by any of paragraphs (5.1)(a) to (c); (paiement de titre) SLA compensation payment means an amount paid pursuant to (a) a securities lending arrangement as compensation for an underlying payment; or (b) a specified securities lending arrangement as compensation for an underlying payment, including, if the property transferred or lent is described in subparagraph (a)(ii) of the definition specified securities lending arrangement, as compensation for a taxable dividend paid on a share described in subparagraph (a)(i) of that definition; (paiement compensatoire (MPVM)) specified securities lending arrangement means an arrangement, other than a securities lending arrangement, under which (a) a particular person (referred to in this definition as a “transferor”) transfers or lends at any particular time a property to another person (referred to in this definition as a “transferee”) and the property is (i) a particular share described in paragraph (a) of the definition **qualified security**, or (ii) a property in respect of which the following conditions are met: (A) the property is (I) an interest in a partnership, or (II) an interest as a beneficiary under a trust, and (B) all or any part of the fair market value of the property, immediately before the particular time, is derived, directly or indirectly, from a share described in subparagraph (i), (b) it may reasonably be expected, at the particular time, that the transferee — or a person that does not deal at arm’s length with, or is affiliated with, the transferee — will transfer or return after the particular time to the transferor — or a person that does not deal at arm’s length with, or is affiliated with, the transferor (referred to in this definition as a “substitute transferor”) — a property that is identical or substantially identical to the property so transferred or lent, and **underlying payment** means an amount paid on a qualified security by the issuer of the security. (**paiement sous-jacent**) (1.1) This subsection applies to an amount if the amount is received by a person who is resident in Canada, the amount is deemed under subsection (5.1) to be a taxable dividend, and the amount is either (a) received as compensation for an eligible dividend, within the meaning assigned by subsection 89(1); or (b) received as compensation for a taxable dividend (other than an eligible dividend) paid by a corporation to a non-resident shareholder in circumstances where it is reasonable to consider that the corporation would, if that shareholder were resident in Canada, have designated the dividend to be an eligible dividend under subsection 89(14). References — borrower and lender (a) a reference to a borrower includes a transferee; and (b) a reference to a lender includes a transferor.
Pour l’application du présent article, dans le cas où les conditions suivantes sont réunies : a) un particulier fait un don de bien, b) si le bien est un titre non admissible du particulier, le don est un don exclu, c) dans les 60 mois suivant le moment du don, l’un des faits suivants se vérifie : (i) le donataire détient un titre non admissible du particulier, qu’il a acquis après la date qui précède de 60 mois ce moment, (ii) le particulier ou toute personne ou société de personnes avec laquelle il a un lien de dépendance utilise un bien du donataire aux termes d’une convention conclue ou modifiée après la date qui précède de 60 mois ce moment, et le bien n’a pas été utilisé dans le cadre des activités de bienfaisance du donataire, la juste valeur marchande du don est réputée égale à cette valeur déterminée par ailleurs diminuée du total des montants représentant chacun, selon le cas, la juste valeur marchande de la contrepartie donnée par le donataire pour ainsi acquérir un titre non admissible ou la juste valeur marchande d’un tel bien ainsi utilisé. Ordre d’application
Subject to subsections 260(3) and 260(4), for the purposes of this Act, any transfer or loan by a lender of a security under a securities lending arrangement shall be deemed not to be a disposition of the security and the security shall be deemed to continue to be the property of the lender and, for the purposes of this subsection, a security shall be deemed to include an identical security that has been transferred or returned to the lender under the arrangement.
Pour déterminer, en application du paragraphe (16), la juste valeur marchande d’un don fait à un Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
Where, at any time, a lender receives property (other than an identical security or an amount deemed by subsection 260(4) to have been received as proceeds of disposition) in satisfaction of or in exchange for the lender’s right under a securities lending arrangement to receive the transfer or return of an identical security, for the purposes of this Act the lender shall be deemed to have disposed at that time of the security that was transferred or lent for proceeds of disposition equal to the fair market value of the property received for the disposition of the right (other than any portion thereof that is deemed to have been received by the lender as a taxable dividend), except that section 51, 85.1, 86 or 87, as the case may be, shall apply in computing the income of the lender with respect to any such disposition as if the security transferred or lent had continued to be the lender’s property and the lender had received the property directly.
Impôt sur le revenu
Where, at any time, it may reasonably be considered that a lender would have received proceeds of disposition for a security that was transferred or lent under a securities lending arrangement, if the security had not been transferred or lent, the lender shall be deemed to have disposed of the security at that time for those proceeds of disposition.
Subsection (5.1) applies to a taxpayer for a taxation year in respect of a particular amount (other than an amount received as proceeds of disposition or an amount received by a person under an arrangement where it may reasonably be considered that one of the main reasons for the person entering into the arrangement was to enable the person to receive an SLA compensation payment pursuant to a securities lending arrangement, or a dealer compensation payment, that would be deductible in computing the taxable income, or not included in computing the income, for any taxation year of the person) received by the taxpayer in the taxation year (a) as an SLA compensation payment, (i) from a person resident in Canada, or (ii) from a non-resident person who paid the particular amount in the course of carrying on business in Canada through a permanent establishment as defined by regulation; or (b) as a dealer compensation payment. Deemed character of compensation payments (5.1) If this subsection applies in respect of a particular amount received by a taxpayer in a taxation year as an SLA compensation payment or as a dealer compensation payment, the particular amount is deemed, to the extent of the underlying payment to which the amount relates, to have been received by the taxpayer in the taxation year as, (a) where the underlying payment is a taxable dividend paid on a share of the capital stock of a public corporation (other than an underlying payment to which paragraph (b) applies), a taxable dividend on the share and, if subsection (1.1) applies to the particular amount, an eligible dividend on the share; (b) where the underlying payment is paid by a trust on a qualified trust unit issued by the trust, (i) an amount of the trust’s income that was, to the extent that subsection 104(13) applied to the underlying payment, (A) paid by the trust to the taxpayer as a beneficiary under the trust, and (B) designated by the trust in respect of the taxpayer to the extent of a valid designation, if any, by the trust under this Act in respect of the recipient of the underlying payment, and (ii) to the extent that the underlying payment is a distribution of a property from the trust, a distribution of that property from the trust; or (c) in any other case, interest.
In computing the income of a taxpayer under Part I from a business or property for a taxation year, there may be deducted a particular amount, paid by the taxpayer in the year as an SLA compensation payment or as a dealer compensation payment, that is equal to (a) if the taxpayer is a registered securities dealer and the particular amount is deemed by subsection (5.1) to have been received as a taxable dividend, no more than 2/3 of the particular amount (unless, for greater certainty, the particular amount is an amount for which a deduction in computing income may be claimed under subsection (6.1) or (6.2) by the taxpayer); or (b) if the particular amount is in respect of an amount other than an amount that is, or is deemed by subsection (5.1) to have been, received as a taxable dividend, (i) where the taxpayer disposes of the borrowed security and includes the gain or loss, if any, from the disposition in computing its income from a business, the particular amount, or (ii) in any other case, the lesser of (A) the particular amount, and (B) the amount, if any, in respect of the security distribution to which the SLA compensation payment or dealer compensation payment relates that is included in computing the income, and not deducted in computing the taxable income, for any taxation year of the taxpayer or of any person to whom the taxpayer is related. Deductible amount (6.1) There may be deducted in computing a corporation’s income under Part I from a business or property for a taxation year an amount equal to the lesser of (a) the total of all amounts each of which is an amount that the corporation becomes obligated in the taxation year to pay to another person under an arrangement described in paragraph (b) of the definition dividend rental arrangement in subsection 248(1) that, if paid, would be deemed by subsection (5.1) to have been received by another person as a taxable dividend, and (b) the amount of the dividends received by the corporation under the arrangement that were identified in its return of income under Part I for the year as an amount in respect of which no amount was deductible because of subsection 112(2.3) in computing the taxpayer’s taxable income or taxable income earned in Canada. Deductible amount for registered securities dealer (6.2) If a registered securities dealer enters into a specified hedging transaction in respect of a DRA share of the registered securities dealer or a person that does not deal at arm’s length with, or is affiliated with, the registered securities dealer, there may be deducted in computing the income of the registered securities dealer under Part I from a business or property for a taxation year an amount in respect of the DRA share for the year for which a deduction in computing income may be claimed under subsection (6.1) by the registered securities dealer equal to the lesser of (a) the total of all amounts each of which is an amount that the registered securities dealer becomes obligated in the taxation year to pay to another person as compensation for a dividend under the specified hedging transaction that, if paid, would be deemed by subsection (5.1) to have been received by another person as a taxable dividend, and (b) the amount of the dividends that were received in respect of the DRA share by the registered securities dealer or the person that does not deal at arm’s length with, or is affiliated with, the registered securities dealer (as the case may be, referred to as the “dividend recipient” in this paragraph) and that were identified in the dividend recipient’s return of income under Part I for the year as an amount in respect of which no amount was deductible because of subsection 112(2.3) in computing the dividend recipient’s taxable income or taxable income earned in Canada. (6.3) For the purposes of paragraphs (6.1)(b) and (6.2)(b), the amount of any dividends received by a corporation in respect of which no amount was deductible because of subsection 112(2.3) includes an amount that was not deductible under both subsections 112(2.01) and (2.3).
For the purpose of section 129, if a corporation pays an amount for which no deduction in computing the corporation’s income may be claimed under subsection (6.1) or (6.2) and subsection (5.1) deems the amount to have been received by another person as a taxable dividend, (a) the corporation is deemed to have paid the amount as a taxable dividend, where the corporation is not a registered securities dealer; and (b) the corporation is deemed to have paid 1/3 of the amount as a taxable dividend, where the corporation is a registered securities dealer. Non-resident withholding tax
Définition de titre non admissible
For the purpose of Part XIII, any amount paid or credited under a securities lending arrangement or a specified securities lending arrangement by or on behalf of the borrower to the lender (a) as an SLA compensation payment in respect of a security that is not a qualified trust unit is, subject to paragraph (c), deemed (i) to the extent of the amount of the interest paid in respect of the security, to be a payment made by the borrower to the lender of interest, and (ii) to the extent of the amount of the dividend paid in respect of the security, to be a payment made by the borrower, as a corporation, to the lender of a dividend payable on the security; (b) as an SLA compensation payment in respect of a security that is a qualified trust unit is, deemed, to the extent of the amount of the underlying payment to which the SLA compensation payment relates, to be an amount paid by the trust and having the same character and composition as the underlying payment; (c) as an SLA compensation payment is deemed to be a payment of interest made by the borrower to the lender, if (i) the security that is transferred or lent to the borrower under the arrangement is a share of a class of the capital stock of a non-resident corporation, (ii) the borrower and the lender are not dealing at arm's length, and (iii) the arrangement is not a fully collateralized arrangement; and Deemed fee for borrowed security (8.1) For the purpose of paragraph (8)(d), if under a securities lending arrangement or a specified securities lending arrangement the borrower has at any time provided the lender with money, either as collateral or consideration for the security, and the borrower does not, under the arrangement, pay or credit a reasonable amount to the lender as, on account of, in lieu of payment of or in satisfaction of, a fee for the use of the security, the borrower is deemed to have, at the time that an identical or substantially identical security is or can reasonably be expected to be transferred or returned to the lender, paid to the lender under the arrangement an amount as a fee for the use of the security equal to the amount, if any, by which (a) the interest on the money computed at the prescribed rates in effect during the term of the arrangement (b) the amount, if any, by which any amount that the lender pays or credits to the borrower under the arrangement exceeds the amount of the money. Effect for tax treaties — interest (8.2) In applying subparagraph (8)(a)(i), if a securities lending arrangement or specified securities lending arrangement is a fully collateralized arrangement, any SLA compensation payment deemed to be a payment made by the borrower to the lender of interest is deemed for the purposes of any tax treaty to be payable on the security. (8.3) In applying subparagraph (8)(a)(ii), if the security is a share of a class of the capital stock of a corporation resident in Canada (in this subsection referred to as the “Canadian share”), for the purposes of determining the rate of tax that Canada may impose on a dividend because of the dividend article of a tax treaty, (a) any SLA compensation payment deemed to be a payment made by the borrower to the lender of a dividend is deemed to be paid by the issuer of the Canadian share and not by the borrower; (b) the lender is deemed to be the beneficial owner of the Canadian share; and (c) the shares of the capital stock of the issuer owned by the lender are deemed to give it less than 10% of the votes that could be cast at an annual meeting of the shareholders of the issuer and have less than 10% of the fair market value of all of the issued and outstanding shares of the capital stock of the issuer, if (i) the securities lending arrangement or the specified securities lending arrangement is not a fully collateralized arrangement, and (ii) the borrower and the lender are not dealing at arm’s length. Restricted financial institution
Pour l’application du présent article, est un titre non admissible d’un particulier à un moment donné : a) une créance (à l’exception de l’obligation d’une institution financière de rembourser un montant déposé auprès d’elle ou d’une créance cotée à une bourse de valeurs désignée) du particulier ou de sa succession ou d’une personne ou société de personnes avec laquelle le particulier ou la succession est en lien de dépendance immédiatement après ce moment; b) une action (à l’exception d’une action cotée à une bourse de valeurs désignée) du capital-actions d’une société avec laquelle le particulier ou la succession, ou, dans le cas où le particulier est une fiducie, une personne affiliée avec la fiducie, est en lien de dépendance immédiatement après ce moment; b.1) un droit de bénéficiaire du particulier ou de sa succession dans une fiducie qui, selon le cas : (i) est affiliée au particulier ou la succession immédiatement après ce moment, (ii) détient, immédiatement après ce moment, un titre non admissible du particulier ou de la succession ou détenait, à ce moment ou antérieurement, une action visée à l’alinéa b) qui est détenue par le donataire après ce moment; c) tout autre titre (à l’exception d’un titre coté à une bourse de valeurs désignée) émis par le particulier, par sa succession ou par toute personne ou société de personnes avec laquelle le particulier ou la succession est en lien de dépendance (ou, dans le cas où la personne est une fiducie, avec laquelle le particulier ou sa succession est affiliée) immédiatement après ce moment. Don exclu
For the purposes of subsection 187.3(1), where at any time a dividend is received by a restricted financial institution on a share that was last acquired before that time pursuant to an obligation of a borrower to return or transfer a share under a securities lending arrangement, an acquisition of the share under the arrangement shall be deemed at and after that time not to be an acquisition of the share. (9.1) For the purpose of Part XIII, if the lender under a securities lending arrangement or a specified securities lending arrangement is not dealing at arm’s length with either the borrower under the arrangement or the issuer of the security that is transferred or lent under the arrangement, or both, and subsection (8) deems an amount to be a payment of interest by a person to the lender, the lender is deemed, in respect of that payment, not to be dealing at arm’s length with that person. Partnerships
Pour l’application du présent article, le don fait par un contribuable est un don exclu si les conditions suivantes sont réunies : a) le titre est une action; b) le donataire n’est pas une fondation privée. (c) either, Financial institution defined Options Application of subsection (23)
For the purpose of this section, (a) a person includes a partnership; and (b) a partnership is deemed to be a registered securities dealer if each member of the partnership is a registered securities dealer. Corporate members of partnerships
Subsection (23) applies if c) l’un ou l’autre des énoncés ci-après se vérifie : (i) si le contribuable est la succession assujettie à l’imposition à taux progressifs d’un particulier, les énoncés ci-après se vérifient : (A) le particulier n’avait, immédiatement avant son décès, aucun lien de dépendance avec le donataire, (B) la succession assujettie à l’imposition à taux progressifs n’a aucun lien de dépendance avec le donataire (cette détermination étant faite compte non tenu de l’alinéa 251(1)b)), (ii) si le sous-alinéa (i) ne s’applique pas, le contribuable n’a aucun lien de dépendance avec le donataire; d) si le donataire est une œuvre de bienfaisance ou une fondation publique, le contribuable n’a aucun lien de dépendance avec les administrateurs, fiduciaires, cadres ou représentants semblables du donataire. Définition de institution financière
A corporation that is, in a taxation year, a member of a partnership is deemed (a) for the purpose of applying subsection (5) in respect of the taxation year, (i) to receive its specified proportion, for each fiscal period of the partnership that ends in the taxation year, of each amount received by the partnership in that fiscal period, and (ii) in respect of the receipt of its specified proportion of that amount, to be the same person as the partnership; (b) for the purpose of applying paragraphs (6.1)(a) and (6.2)(a) in respect of the taxation year, to become obligated to pay its specified proportion, for each fiscal period of the partnership that ends in the taxation year, of the amount the partnership becomes, in that fiscal period, obligated to pay to another person under the arrangement described in that paragraph; and (c) for the purpose of applying section 129 in respect of the taxation year, to have paid (i) if the partnership is not a registered securities dealer, the corporation’s specified proportion, for each fiscal period of the partnership that ends in the taxation year, of each amount paid by the partnership (other than an amount for which a deduction in computing income may be claimed under subsection (6.1) or (6.2) by the corporation), and (ii) if the partnership is a registered securities dealer, 1/3 of the corporation’s specified proportion, for each fiscal period of the partnership that ends in the taxation year, of each amount paid by the partnership (other than an amount for which a deduction in computing income may be claimed under subsection (6.1) or (6.2) by the corporation). Individual members of partnerships
Pour l’application du paragraphe 118.1(18), institution financière la société qui, selon le cas : a) est membre de l’Association canadienne des paiements; b) est une caisse de crédit qui est actionnaire ou membre d’une personne morale ou d’une organisation qui est une centrale pour l’application de la Loi canadienne sur les paiements. Options
An individual that is, in a taxation year, a member of a partnership is deemed (a) for the purpose of applying subsection (5) in respect of the taxation year, (i) to receive the individual’s specified proportion, for each fiscal period of the partnership that ends in the taxation year, of each amount received by the partnership in that fiscal period, and (ii) in respect of the receipt of the individual’s specified proportion of that amount, to be the same person as the partnership; and (b) for the purpose of subsection 82(1), to have paid the individual’s specified proportion, for each fiscal period of the partnership that ends in the year, of each amount paid by the partnership in that fiscal period that is deemed by subsection (5.1) to have been received by another person as a taxable dividend.
Sous réserve des paragraphes (23) et (24), aucune somme relative à une option qu’un particulier a consentie à un donataire reconnu au cours d’une année d’imposition n’est à inclure dans le calcul du total des dons de bienfaisance, du total des dons de biens culturels ou du total des dons de biens écosensibles relativement à un contribuable pour une année d’imposition. Application du paragraphe (23)
Canadian tax results of a taxpayer for a taxation year means (a) the amount of the income, taxable income or taxable income earned in Canada of the taxpayer for the taxation year; (b) the amount (other than an amount payable on behalf of another person under subsection 153(1) or section 215) of tax or other amount payable under this Act by the taxpayer in respect of the taxation year; (c) the amount (other than an amount refundable on behalf of another person in respect of amounts payable on behalf of that person under subsection 153(1) or section 215) of tax or other amount refundable under this Act to the taxpayer in respect of the taxation year; and elected functional currency of a taxpayer means the currency of a country other than Canada that was the functional currency of the taxpayer for its first taxation year in respect of which it made an election under paragraph (3)(b). (monnaie fonctionnelle choisie) functional currency of a taxpayer for a taxation year means the currency of a country other than Canada if that currency is, throughout the taxation year, (a) a qualifying currency; and (b) the primary currency in which the taxpayer maintains its records and books of account for financial reporting purposes. (monnaie fonctionnelle) pre-reversion debt of a taxpayer means a debt obligation of the taxpayer that was issued by the taxpayer before the beginning of the taxpayer’s first reversionary year. (créance pré-rétablissement) pre-transition debt of a taxpayer means a debt obligation of the taxpayer that was issued by the taxpayer before the beginning of the taxpayer’s first functional currency year. (créance pré-transition) qualifying currency at any time means each of relevant spot rate, for a particular day, means, in respect of a conversion of an amount from a particular currency to another currency, (a) if the particular currency or the other currency is Canadian currency, the rate quoted by the Bank of Canada on the particular day (or, if the Bank of Canada ordinarily quotes such a rate, but there is no such rate quoted for the particular day, the closest preceding day for which such a rate is quoted) for the exchange of the particular currency for the other currency, or, in applying paragraphs (2)(b) and (5)(c), another rate of exchange that is acceptable to the Minister; and (b) if neither the particular currency nor the other currency is Canadian currency, the rate — calculated by reference to the rates quoted by the Bank of Canada on the particular day (or, if the Bank of Canada ordinarily quotes such rates, but either of such rates is not quoted for the particular day, the closest preceding day for which both such rates are quoted) for the exchange of Canadian currency for each of those currencies — for the exchange of the particular currency for the other currency, or, in applying paragraphs (2)(b) and (5)(c), another rate of exchange that is acceptable to the Minister. (taux de change au comptant) tax reporting currency of a taxpayer for a taxation year, and at any time in the taxation year, means the currency in which the taxpayer’s Canadian tax results for the taxation year are to be determined. (monnaie de déclaration)
Le paragraphe (23) s’applique si les conditions ci-après sont réunies : a) une option portant sur l’acquisition d’un bien d’un particulier est consentie à un donataire reconnu; b) l’option est exercée de sorte que le bien fait l’objet d’une disposition par le particulier et d’une acquisition par le donataire reconnu à un moment donné; c) l’un ou l’autre des énoncés suivants se vérifie : Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
In determining the Canadian tax results of a taxpayer for a particular taxation year, (a) subject to this section, other than this subsection, Canadian currency is to be used; and (b) subject to this section, other than this subsection, subsections 20(14.2) and 79(7) and paragraphs 80(2)(k) and 142.7(8)(b), if a particular amount that is relevant in computing those Canadian tax results is expressed in a currency other than Canadian currency, the particular amount is to be converted to an amount expressed in Canadian currency using the relevant spot rate for the day on which the particular amount arose.
Granting of an option
Subsection (5) applies to a taxpayer in respect of a particular taxation year if (a) the taxpayer is, throughout the particular taxation year, a corporation (other than an investment corporation, a mortgage investment corporation or a mutual fund corporation) resident in Canada; (b) the taxpayer has elected that subsection (5) apply to the taxpayer and has filed that election with the Minister in prescribed form and manner on or before the day that is 60 days after the first day of the particular taxation year; (c) there is a functional currency of the taxpayer for the first taxation year of the taxpayer in respect of which subsection (5) would, if this subsection were read without reference to this paragraph, apply; (d) the taxpayer has not filed another election under paragraph (b); and (e) a revocation by the taxpayer under subsection (4) does not apply to the particular taxation year. Revocation of election
If this subsection applies, notwithstanding subsection 49(3), Disposition of an option Impôt sur le revenu
A taxpayer may revoke its election under paragraph (3)(b) by filing, on a day that is in a functional currency year of the taxpayer (other than its first functional currency year), a notice of revocation in prescribed form and manner. The revocation applies to each taxation year of the taxpayer that begins on or after the day that is six months after that day. Functional currency tax reporting
If this subsection applies to a taxpayer in respect of a particular taxation year, (a) the taxpayer’s Canadian tax results for the particular taxation year are to be determined using the taxpayer’s elected functional currency; (b) unless the context otherwise requires, each reference in this Act or the regulations to an amount (other than in respect of a penalty or fine) that is described as a particular number of Canadian dollars is to be read, in respect of the taxpayer and the particular taxation year, as a reference to that amount expressed in the taxpayer’s elected functional currency using the relevant spot rate for the first day of the particular taxation year; (c) subject to paragraph (9)(b), subsection (15), subsections 20(14.2) and 79(7) and paragraphs 80(2)(k) and 142.7(8)(b), if a particular amount that is relevant in computing the taxpayer’s Canadian tax results for the particular taxation year is expressed in a currency other than the taxpayer’s elected functional currency, the particular amount is to be converted to an amount expressed in the taxpayer’s elected functional currency using the relevant spot rate for the day on which the particular amount arose; (d) the definition **exchange rate** in subsection 111(8) is, in respect of the taxpayer and the particular taxation year, and with such modifications as the context requires, to be read as follows: **exchange rate** at any time in respect of a particular currency other than the taxpayer’s elected functional currency means the relevant spot rate, for the day that includes that time, in respect of the conversion of an amount from the particular currency to the taxpayer’s elected functional currency, or a rate of exchange acceptable to the Minister; (e) except in applying paragraph 95(2)(f.15) in respect of a taxation year, of a foreign affiliate of the taxpayer, that is a functional currency year of the foreign affiliate within the meaning of subsection (6.1), each reference in subsection 39(2) to “Canadian currency” is to be read, in respect of the taxpayer and the particular taxation year, and with such modifications as the context requires, as a reference to “the taxpayer’s elected functional currency”; (i) section 76.1, subsections 20(14.2) and 79(7), paragraph 80(2)(c), subsections 80.01(11), 80.18(6), 93.2(01) to (2.31), 142.4(1) and 142.7(8) and the definition **amortized cost** in subsection 248(1), and subparagraph 231(6)(a)(iv) of the **Income Tax Regulations**, to “Canadian currency” is, in respect of the taxpayer and the particular taxation year, and with such modifications as the context requires, to be read as “the taxpayer’s elected functional currency”, and (ii) subparagraph 94.1(1)(b)(vii), the definition **foreign currency debt** in subsection 111(8), subsection 142.4(1), and the definition **amortized cost** in subsection 248(1) to “currency of a country other than Canada” is, in respect of the taxpayer and the particular taxation year, and with such modifications as the context requires, to be read as a reference to “currency other than the taxpayer’s elected functional currency”; (g) the definition **foreign currency** in subsection 248(1) is, in respect of the taxpayer and the taxation year, and with such modifications as the context requires, to be read as follows: **foreign currency** in respect of a taxpayer, at any time in a taxation year, means a currency other than the taxpayer’s elected functional currency; (h) where a taxation year, of a foreign affiliate of the taxpayer, is a functional currency year of the foreign affiliate within the meaning of subsection (6.1), (i) the references in section 95 (other than paragraph 95(2)(f.15)) and the references in regulations made for the purposes of section 95 or 113 to (A) “Canadian currency” are to be read, in respect of the foreign affiliate and the taxation year, and with such modifications as the context requires, as references to “the taxpayer’s elected functional currency”, and (B) “currency of a country other than Canada” are to be read, in respect of the foreign affiliate and the taxation year, and with such modifications as the context requires, as references to “currency other than the taxpayer’s elected functional currency”, and (ii) the reference in paragraph 95(2)(f.13) to “the rate of exchange quoted by the Bank of Canada on” is to be read, in respect of the foreign affiliate and the taxation year, and with such modifications as the context requires, as a reference to “the relevant spot rate for”. Partnerships
For the purposes of computing the Canadian tax results of a particular taxpayer for each taxation year that is a functional currency year or a reversionary year of the particular taxpayer, this section is to be applied as if each partnership of which the particular taxpayer is a member at any time in the taxation year were a taxpayer that (a) had as its first functional currency year its first fiscal period, if any, that (i) is a fiscal period at any time during which the particular taxpayer is a member of the partnership, (ii) begins after December 13, 2007, and (iii) begins on or after the first day of the particular taxpayer’s first functional currency year; (b) had as its last Canadian currency year its last fiscal period, if any, that ends before its first functional currency year; (c) had as its first reversionary year its first fiscal period, if any, that begins after the particular taxpayer’s last functional currency year; (d) is subject to subsection (5) for each of its fiscal periods that is, or begins after, its first functional currency year and that ends before its first reversionary year; (e) had as its elected functional currency in respect of each fiscal period described in paragraph (d) the elected functional currency of the particular taxpayer; and (f) had as its last functional currency year its last fiscal period, if any, that ends before its first reversionary year. Foreign affiliates (6.1) For the purposes of computing the foreign accrual property income of a foreign affiliate of a particular taxpayer, in respect of the particular taxpayer, for each taxation year that is a functional currency year or a reversionary year of the particular taxpayer, this section is to be applied as if (a) the foreign affiliate were a taxpayer that (i) had, as its first functional currency year, its first taxation year that (A) is a taxation year at any time during which the foreign affiliate is a foreign affiliate of the particular taxpayer, (B) begins after December 13, 2007, and (C) begins on or after the first day of the particular taxpayer’s first functional currency year, (ii) had as its last Canadian currency year its last taxation year, if any, that ends before its first functional currency year, (iii) had as its first reversionary year its first taxation year, if any, that begins after the particular taxpayer’s last functional currency year, (iv) is subject to subsection (5) for each of its taxation years that is, or begins after, its first functional currency year and that ends before its first reversionary year, (v) had as its elected functional currency in respect of each taxation year described in subparagraph (iv) the elected functional currency of the particular taxpayer, and (vi) had as its last functional currency year its last taxation year, if any, that ends before its first reversionary year; and (b) the Canadian tax results of the foreign affiliate for each taxation year that is a functional currency year or a reversionary year of the foreign affiliate, within the meaning of paragraph (a), were its foreign accrual property income, in respect of the particular taxpayer, for that taxation year and any amount that is relevant in determining such foreign accrual property income.
In applying this Act to a taxpayer for a particular functional currency year of the taxpayer, the following amounts are to be converted from Canadian currency to the taxpayer’s elected functional currency using the relevant spot rate for the last day of the taxpayer’s last Canadian currency year: (a) each particular amount that (i) is, or is relevant to the determination of, an amount that may be deducted under subsection 37(1) or 66(4), variable F or F.1 in the definition for foreign accrual property income in subsection 95(1), section 110.1 or 111 or subsection 126(2), 127(5), 129(1), 181.1(4) or 190.1(3), in the particular functional currency year, and (ii) was determined for a Canadian currency year of the taxpayer; (b) the cost to the taxpayer of a property that was acquired by the taxpayer in a Canadian currency year of the taxpayer; (c) an amount that was required by section 53 to be added or deducted in computing, at any time in a Canadian currency year of the taxpayer, the adjusted cost base to the taxpayer of a capital property that was acquired by the taxpayer in such a year; (i) is in respect of the taxpayer’s undepreciated capital cost of depreciable property of a prescribed class, cumulative Canadian exploration expense (as defined in subsection 66.1(6)), cumulative Canadian development expense (as defined in subsection 66.2(5)), cumulative foreign resource expense in respect of a country other than Canada (as defined in subsection 66.21(1)) or cumulative Canadian oil and gas property expense (as defined in subsection 66.4(5)) (each of which is referred to in this paragraph as a pool amount), and (ii) was added to or deducted from a pool amount of the taxpayer in respect of a Canadian currency year of the taxpayer; (e) an amount that has been deducted or claimed as a reserve in computing the income of the taxpayer for its last Canadian currency year; (f) an outlay or expense referred to in subsection 18(9) that was made or incurred by the taxpayer in respect of a Canadian currency year of the taxpayer, and any amount that was deducted in respect of the outlay or expense in computing the income of the taxpayer for such a year; (g) an amount that was added or deducted in computing the taxpayer’s paid-up capital in respect of a class of shares of its capital stock in a Canadian currency year of the taxpayer; and (h) any amount (other than an amount referred to in any of paragraphs (a) to (g) or any of subsections (6), (6.1) and (8)) determined under the provisions of this Act in or in respect of a Canadian currency year of the taxpayer that is relevant in determining the Canadian tax results of the taxpayer for the particular functional currency year. Converting pre-transition debts
c) selon le cas : (i) la somme représentant 80 % de la juste valeur marchande du bien à ce moment est égale ou supérieure au total des sommes suivantes : (A) la contrepartie que le particulier a reçue du donataire reconnu pour le bien, (B) la contrepartie que le particulier a reçue du donataire reconnu pour l’option, (ii) le particulier convainc le ministre qu’il a consenti l’option ou disposé du bien avec l’intention de faire un don au donataire reconnu. Octroi d’une option
In determining, at any time in a particular functional currency year of a taxpayer, the amount for which a pre-transition debt of the taxpayer (other than a pre-transition debt denominated in the taxpayer’s elected functional currency) was issued and its principal amount at the beginning of the taxpayer’s first functional currency year, (a) where the pre-transition debt is denominated in Canadian currency, those amounts are to be converted to the taxpayer’s elected functional currency using the relevant spot rate for the last day of the taxpayer’s last Canadian currency year; and (b) where the pre-transition debt is denominated in a currency (referred to in this paragraph as the “debt currency”) that is neither Canadian currency nor the taxpayer’s elected functional currency, those amounts are to be converted from the debt currency to the taxpayer’s elected functional currency using the relevant spot rate for the last day of the taxpayer’s last Canadian currency year. Pre-transition debts
En cas d’application du présent paragraphe, les règles ci-après s’appliquent malgré le paragraphe 49(3) : a) le particulier est réputé avoir reçu pour le bien un produit de disposition égal à sa juste valeur marchande au moment donné; b) l’excédent de la juste valeur marchande du bien sur le total visé au sous-alinéa (22)c)(i) est inclus dans le total des dons de bienfaisance du particulier pour l’année d’imposition qui comprend le moment donné. Disposition d’une option
A pre-transition debt of a taxpayer that is denominated in a currency other than the taxpayer’s elected functional currency is deemed to have been issued immediately before the taxpayer’s first functional currency year for the purposes of (a) determining the amount of the taxpayer’s income, gain or loss, for a functional currency year of the taxpayer (other than an amount that subsection (10) deems to arise), that is attributable to a fluctuation in the value of a currency; and Deferred amounts relating to pre-transition debts
Si un donataire reconnu à qui une option portant sur l’acquisition d’un bien donné d’un particulier a été consentie dispose de l’option à un moment donné (autrement qu’en l’exerçant), les règles ci-après s’appliquent : a) le particulier est réputé avoir disposé à ce moment d’un bien : (i) dont le prix de base rajusté pour lui, immédiatement avant ce moment, correspond à la contrepartie que le donataire reconnu a payée pour l’option, (ii) dont le produit de disposition correspond à la juste valeur marchande du bien donné à ce moment ou, si elle est moins élevée, à la juste valeur marchande de la contrepartie (sauf un titre non admissible d’une personne quelconque) que le donataire reconnu a reçue pour l’option; b) l’excédent du produit de disposition déterminé selon l’alinéa a) sur la contrepartie que le donataire reconnu a payée pour l’option est inclus dans le total des dons de bienfaisance du particulier pour son année d’imposition qui comprend le moment donné. Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
If a taxpayer has, at any time in a taxation year that is a functional currency year or a reversionary year of the taxpayer, made a particular payment on account of the principal amount of a pre-transition debt of the taxpayer: (a) where the taxpayer would have made a gain — or, if the pre-transition debt was not on account of capital, would have had income — (referred to in this paragraph as the “hypothetical gain or income”) attributable to a fluctuation in the value of a currency if the pre-transition debt had been settled by the taxpayer’s having paid, immediately before the end of its last Canadian currency year, an amount equal to the principal amount (expressed in the currency in which the pre-transition debt is denominated, which currency is referred to in this subsection as the “debt currency”) at that time, the taxpayer is deemed to make a gain or to have income, as the case may be, for the taxation year equal to the amount determined by the formula (i) if the taxation year is a functional currency year of the taxpayer, the amount of the hypothetical gain or income converted to the taxpayer’s elected functional currency using the relevant spot rate for the last day of the taxpayer’s last Canadian currency year, and (ii) if the taxation year is a reversionary year of the taxpayer, the amount determined under subparagraph (i) converted to Canadian currency using the relevant spot rate for the last day of the taxpayer’s last functional currency year, B is the amount of the particular payment (expressed in the debt currency), and C is the principal amount of the pre-transition debt at the beginning of the taxpayer’s first functional currency year (expressed in the debt currency); and (b) where the taxpayer would have sustained a loss — or, if the pre-transition debt was not on account of capital, would have had a loss — (referred to in this paragraph as the “hypothetical loss”) attributable to a fluctuation in the value of a currency if the pre-transition debt had been settled by the taxpayer’s having paid, immediately before the end of its last Canadian currency year, an amount equal to the principal amount (expressed in the debt currency) at that time, the taxpayer is deemed to sustain or to have a loss in respect of the particular payment for the taxation year equal to the amount that would be determined by the formula in paragraph (a) if the reference in the description of A in that paragraph to “hypothetical gain or income” were read as a reference to “hypothetical loss”. Debt parking — foreign exchange (10.1) For the purposes of determining a taxpayer’s gain under subsection (10), if at a particular time a pre-transition debt of the taxpayer (referred to in this subsection as the debtor) that is denominated in a currency other than Canadian currency becomes a parked obligation (within the meaning assigned by subsection 39(2.02)), the debtor is deemed to have made, at that time, a particular payment on account of the principal amount of the debt equal to (a) if the debt has become a parked obligation at that particular time as a result of its acquisition by the holder of the debt, the portion of the amount paid by the holder to acquire the debt that can reasonably be considered to relate to the principal amount of the debt at the particular time; and (b) in any other case, the portion of the fair market value of the debt that can reasonably be considered to relate to the principal amount of the debt at the particular time. Determination of amounts payable
Notwithstanding subsections (5) and (7), for the purposes of applying this Act in respect of a functional currency year (referred to in this subsection as the “particular taxation year”) of a taxpayer, (i) the estimated amounts, each of which is described in subparagraph 157(1)(a)(i) or (1.1)(a)(i), that are payable by the taxpayer for the particular taxation year are to be determined by converting those amounts, as determined in the taxpayer’s elected functional currency, to Canadian currency using the relevant spot rate for the day on which those amounts are due, (ii) the taxpayer’s first instalment base (within the meaning assigned by subsection 157(4)) for the particular taxation year is to be determined (A) if the particular taxation year is the taxpayer’s first functional currency year, without reference to this section, and (B) in any other case, as if the taxes payable by the taxpayer for the taxpayer’s functional currency year (referred to in this paragraph as the “first base year”) immediately preceding the particular taxation year were the total of (I) the total of the taxpayer’s payment obligations under paragraph 157(1)(a) or (1.1)(a), as determined with reference to this subparagraph or subparagraph (ii) or (iii), as the case may be, in respect of the first base year, and (II) the amount, if any, of the remainder of the taxes payable by the taxpayer under paragraph 157(1)(b) or (1.1)(b), as determined under paragraph (b), in respect of the first base year, and (iii) the taxpayer’s second instalment base (within the meaning assigned by subsection 157(4)) for the particular taxation year is to be determined (A) if the particular taxation year is the taxpayer’s first functional currency year or its taxation year that immediately follows its first functional currency year, without reference to its taxation year, and (B) in any other case, as if the taxes payable by the taxpayer for the taxpayer’s functional currency year (referred to in this subparagraph as the “second base year”) immediately preceding the first base year were the total of (I) the total of the taxpayer’s payment obligations under paragraph 157(1)(a) or (1.1)(a), as determined with reference to this subparagraph or subparagraph (ii) or (iii), as the case may be, in respect of the second base year, (II) the amount, if any, of the remainder of the taxes payable by the taxpayer under paragraph 157(1)(b) or (1.1)(b), as determined under paragraph (b), in respect of the second base year; (b) the remainder of the taxes payable by the taxpayer under paragraph 157(1)(b) or (1.1)(b) for the particular taxation year is the amount, if any, determined by (i) computing the amount, if any, by which (A) the total of the taxes payable by the taxpayer under Parts I, VI, VI.1 and XIII.1 for the particular taxation year, as determined in the taxpayer’s elected functional currency (B) the total of all amounts each of which is the amount determined by converting the amount of a payment obligation — determined by paragraph 157(1)(a) or (1.1)(a), as the case may be, with reference to subparagraph (a)(i), (ii) or (iii), as the case may be — of the taxpayer in respect of the particular taxation year to the taxpayer’s elected functional currency using the relevant spot rate for the day on which the payment obligation was due, and (ii) converting the amount, if any, determined by subparagraph (i) to Canadian currency using the relevant spot rate for the taxpayer’s balance-due day for the particular taxation year; (c) for the purposes of determining any amount (other than tax) that is payable by the taxpayer under Part I, VI, VI.1 or XIII.1 for the particular taxation year, the taxpayer’s tax payable under the Part for the particular taxation year is deemed to be equal to the total of (i) the total of the taxpayer’s payment obligations under paragraph 157(1)(a) or (1.1)(a), in respect of the Part, as determined with reference to subparagraph (a)(i), (ii) or (iii), as the case may be, in respect of the particular taxation year, and (ii) the amount, if any, of the remainder of the taxes payable by the taxpayer under paragraph 157(1)(b) or (1.1)(b), in respect of the Part, as determined under paragraph (b), in respect of the particular taxation year; (d) amounts of tax that are payable under this Act (except under Parts I, VI, VI.1 and XIII.1) by the taxpayer for the particular taxation year are to be determined by converting those amounts, as determined in the taxpayer’s elected functional currency, to Canadian currency using the relevant spot rate for the day on which those amounts are due; (e) if a particular amount that is determined in the taxpayer’s elected functional currency is deemed to be paid at any time on account of an amount payable by the taxpayer under this Act for the particular taxation year, the particular amount is to be converted to Canadian currency using the relevant spot rate for the day that includes that time; (f) the following amounts are to be determined in the taxpayer’s elected functional currency and converted to Canadian currency using the relevant spot rate for the taxpayer’s balance-due day for the particular taxation year: (i) amounts described in paragraph 163(1)(a) in respect of the particular taxation year, and (ii) the amount of the taxpayer’s taxable capital employed in Canada, for the purpose of applying section 235; and (g) for greater certainty, all amounts payable by the taxpayer under this Act in respect of the particular taxation year are to be paid in Canadian currency.
If this subsection applies, then Impôt sur le revenu
In applying this Act to a reversionary year of a taxpayer, subsections (7) and (8) are to be read as if the references in those subsections to (a) “Canadian currency” were references to “the taxpayer’s elected functional currency”; (b) “Canadian currency year” were references to “functional currency year”; (c) “functional currency year” were references to “reversionary year”; (d) “first functional currency year” were references to “first reversionary year”; (e) “last Canadian currency year” were references to “last functional currency year”; (f) “pre-transition debt” were references to “pre-reversion debt”; and (g) “the taxpayer’s elected functional currency” were references to “Canadian currency”.
A pre-reversion debt of a taxpayer that is denominated in a currency other than Canadian currency is deemed to have been issued immediately before the taxpayer’s first reversionary year for the purposes of (a) determining the amount of the taxpayer's income, gain or loss, for a reversionary year of the taxpayer (other than an amount that subsection (14) deems to arise), that is attributable to a fluctuation in the value of a currency; and Deferred amounts relating to pre-reversion debts
If a taxpayer has, at any time in a reversionary year of the taxpayer, made a particular payment on account of the principal amount of a pre-reversion debt of the taxpayer: (a) where the taxpayer would have made a gain — or, if the pre-reversion debt was not on account of capital, would have had income — (referred to in this paragraph as the “hypothetical gain or income”) attributable to a fluctuation in the value of a currency if the pre-reversion debt had been settled by the taxpayer’s having paid, immediately before the end of its last functional currency year, an amount equal to the principal amount (expressed in the currency in which the pre-reversion debt is denominated, which currency is referred to in this subsection as the “debt currency”) at that time, the taxpayer is deemed to make a gain or to have income, as the case may be, for the reversionary year equal to the amount determined by the formula A is the amount of the hypothetical gain or income converted to Canadian currency using the relevant spot rate for the last day of the taxpayer’s last functional currency year, B is the amount of the particular payment (expressed in the debt currency), and C is the principal amount of the pre-reversion debt at the beginning of the taxpayer’s first reversionary year (expressed in the debt currency); and (b) where the taxpayer would have sustained a loss — or, if the pre-reversion debt was not on account of capital, would have had a loss — (referred to in this paragraph as the “hypothetical loss”) attributable to a fluctuation in the value of a currency if the pre-reversion debt had been settled by the taxpayer’s having paid, immediately before the end of its last functional currency year, an amount equal to the principal amount (expressed in the debt currency) at that time, the taxpayer is deemed to sustain or to have a loss in respect of the particular payment for the reversionary year equal to the amount determined by the formula equal to the amount that would be determined by the formula in paragraph (a) if the reference in the description of A in that paragraph to “hypothetical gain or income” were read as a reference to “hypothetical loss”. Debt parking — foreign exchange (14.1) For the purposes of determining a taxpayer’s gain under subsection (14), if at a particular time a pre-reversion debt of the taxpayer (referred to in this subsection as the debtor) that is denominated in a currency other than the taxpayer’s elected functional currency becomes a parked obligation (within the meaning assigned by subsection 39.2(02)), the debtor is deemed to have made, at that time, a particular payment on account of the principal amount of the debt equal to (a) if the debt has become a parked obligation at that particular time as a result of its acquisition by the holder of the debt, the portion of the amount paid by the holder to acquire the debt that can reasonably be considered to relate to the principal amount of the debt at the particular time; and (b) in any other case, the portion of the fair market value of the debt that can reasonably be considered to relate to the principal amount of the debt at the particular time. Amounts carried back
For the purposes of determining the amount that may be deducted, in respect of a particular amount that arises in a taxation year (referred to in this subsection as the “later year”) of a taxpayer, under section 111 or subsection 126(2), 127(5), 181.1(4) or 190.13(1) in computing the taxpayer’s Canadian tax results for a taxation year (referred to in this subsection as the “current year”) that ended before the later year, and for the purposes of determining the amount by which the amount included under subsection 91(1) for the current year is reduced because of a deduction referred to in paragraph 152.6(1)(b) in respect of the later year, (a) if the later year is a functional currency year of the taxpayer and the current year is a Canadian currency year of the taxpayer, the following amounts (expressed in the taxpayer’s elected functional currency) are to be converted to Canadian currency using the relevant spot rate for the last day of the taxpayer’s last Canadian currency year: (i) the particular amount, and (ii) any amount so deducted in computing the taxpayer’s Canadian tax results for another functional currency year of the taxpayer; (b) if the later year is a reversionary year of the taxpayer and the current year is a functional currency year of the taxpayer, (i) the following amounts (expressed in Canadian currency) are to be converted to the taxpayer’s elected functional currency using the relevant spot rate for the last day of the taxpayer’s last functional currency year: (A) the particular amount, and (B) any amount so deducted in computing the taxpayer’s Canadian tax results for another reversionary year of the taxpayer, and (ii) any amount (expressed in Canadian currency) so deducted in computing the taxpayer’s Canadian tax results for a Canadian currency year of the taxpayer is to be converted to the taxpayer’s elected functional currency using the relevant spot rate for the last day of the taxpayer’s last Canadian currency year; (c) if the later year is a reversionary year of the taxpayer and the current year is a Canadian currency year of the taxpayer, the following amounts (expressed in the taxpayer’s elected functional currency) are to be converted to Canadian currency using the relevant spot rate for the last day of the taxpayer’s last Canadian currency year: (i) the amount that would be determined under clause (b)(i)(A) in respect of the particular amount if the current year were a functional currency year of the taxpayer, and (ii) any amount so deducted in computing the taxpayer’s Canadian tax results for a functional currency year of the taxpayer; and
Bien retourné
If a winding-up described in subsection 88(1) commences at any time (referred to in this subsection as the "commencement time") and the parent and the subsidiary referred to in that subsection would, in the absence of this subsection, have different tax reporting currencies at the commencement time, the following rules apply for the purposes of determining the subsidiary's Canadian tax results for its taxation years that end after the commencement time: (a) where the subsidiary's tax reporting currency is Canadian currency, (i) notwithstanding subsection (3), subsection (5) is deemed to apply to the subsidiary in respect of its taxation year that includes the commencement time and each of its subsequent taxation years, if any, (ii) the subsidiary is deemed to have as its elected functional currency the parent's tax reporting currency, and (iii) if the subsidiary's taxation year that includes the commencement time would, in the absence of this subsection, be a reversionary year of the subsidiary, this section is to be read with any modifications that the circumstances require; and (b) where the subsidiary's tax reporting currency is not Canadian currency, (i) the subsidiary is deemed to have filed, at the time that is six months and one day before the beginning of its taxation year that includes the commencement time, in prescribed form and manner, a notice of revocation described in subsection (4), and (ii) if the parent's tax reporting currency is not Canadian currency, (A) the subsidiary's first reversionary year is deemed to have ended at the particular time that is immediately after the time at which it began, (B) a new taxation year of the subsidiary is deemed to have begun immediately after the particular time, (C) notwithstanding subsection (3), subsection (5) is deemed to apply to the subsidiary in respect of its taxation year that includes the commencement time and each of its subsequent taxation years, if any,
Le paragraphe (26) s’applique si un donataire reconnu a délivré à un particulier un reçu visé au paragraphe (2) relativement au transfert d’un bien (appelé « bien initial » au présent paragraphe et au paragraphe (26)) et qu’un bien donné qui est l’un des biens ci-après est subséquemment transféré au particulier : a) le bien initial, sauf si le transfert subséquent représente une contrepartie ou rémunération raisonnable pour un bien acquis par une personne ou pour des services rendus à une personne; b) tout autre bien qu’il est raisonnable de considérer comme étant transféré en compensation ou en remplacement de tout ou partie du bien initial. Bien retourné
If a predecessor corporation and the new corporation, in respect of an amalgamation within the meaning of subsection 87(1), have different tax reporting currencies for their last and first taxation years, respectively, paragraphs (16)(a) and (b) apply, for the purposes of determining the predecessor corporation’s Canadian tax results for its last taxation year, as if the tax reporting currencies referred to in those paragraphs were the tax reporting currencies referred to in this subsection and as if the references in those paragraphs to (a) “subsidiary” were references to “predecessor corporation”; (b) “parent” were references to “new corporation”; and (c) “taxation year that includes the commencement time” were references to “last taxation year”. Amalgamation — deemed application of subsection (5) (17.1) Notwithstanding subsection (3), if each predecessor corporation in respect of an amalgamation (within the meaning assigned by subsection 87(1)) has the same elected functional currency for its last taxation year, then, unless a predecessor corporation has filed a notice of revocation under subsection (4) on or before the day that is six months before the end of its last taxation year, (a) the new corporation formed as a result of the amalgamation is deemed to have made an election under paragraph (3)(b) and to have filed that election on the first day of its first taxation year; and (b) that elected functional currency is deemed to be the new corporation’s functional currency for its first taxation year. Anti-avoidance
En cas d’application du présent paragraphe, les règles ci-après s’appliquent : a) que le transfert du bien initial par le particulier au donataire reconnu visé au paragraphe (25) ait été ou non un don, le particulier est réputé ne pas avoir disposé de ce bien au moment du transfert ni avoir fait un don; b) le bien donné, s’il est identique au bien initial, est réputé être celui-ci; c) si le bien donné n’est pas le bien initial : (i) le particulier est réputé avoir disposé du bien initial au moment où le bien donné lui est transféré pour un produit de disposition égal à la juste valeur marchande du bien donné à ce moment ou, si elle est plus élevée, à la juste valeur marchande du bien initial au moment où il a été transféré par le particulier au donataire, (ii) dans le cas où le transfert du bien initial par le particulier constituerait un don si l’on n’était pas tenu compte de l’alinéa a), le particulier est réputé avoir transféré au donataire, au moment du transfert du bien initial, un bien qui fait l’objet d’un don dont la juste valeur marchande est égale à l’excédent de la juste valeur marchande du bien initial au moment de son transfert sur la juste valeur marchande du bien donné au moment où il est transféré au particulier. Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
The Canadian tax results of a corporation for any one or more taxation years shall be determined using a particular currency if (a) at any time (referred to in this subsection as the “transfer time”) one or more properties are directly or indirectly transferred (D) the subsidiary is deemed to have as its elected functional currency the parent’s tax reporting currency. (i) by the corporation to another corporation (referred to in this subsection as the “transferor” and the “transferee”, respectively), or (ii) by another corporation to the corporation (referred to in this subsection as the “transferor” and the “transferee”, respectively); (b) the transferor and the transferee are related at the transfer time or become related in the course of a series of transactions or events that includes the transfer; (c) the transfer time (i) is, or would in the absence of subsections (16) and (17) be, in a functional currency year of the transferor or the transferee and the transferor and the transferee have, or would in the absence of those subsections have, different tax reporting currencies at the transfer time, or (ii) is, or would in the absence of those subsections be, in a reversionary year of the transferor and is not in a reversionary year of the transferee; (d) it can reasonably be considered that one of the main purposes of the transfer of any portion of a series of transactions or events that includes the transfer is to change or, to enable the changing of, the currency in which the Canadian tax results in respect of the property, or property substituted for it, for a taxation year would otherwise be determined; and (e) the Minister directs that those Canadian tax results be determined in the particular currency.
Information return NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations. R.S., 1985, c. 1 (5th Supp.), s. 118.1; 1990, c. 39, s. 12; 1994, c. 8, s. 28; 1995, c. 3, s. 34, c. 38, s. 63; 1996, c. 21, s. 52; 1997, c. 25, s. 33; 1998, c. 19, s. 89; 1999, c. 22, s. 35; 2000, c. 19, s. 36; 2001, c. 17, s. 23; 2005, c. 19, s. 25; 2006, c. 4, s. 28; 2007, c. 2, s. 13; 2011, c. 24, s. 13; 2012, c. 19, s. 22; 2013, c. 34, s. 396; 2016, c. 7, s. 62, c. 11, s. 2; c. 12, s. 142; 2017, c. 33, s. 14; 2019, c. 29, s. 94. A × [(B - C) + D] where Impôt sur le revenu
For the purposes of subsection (18), if one corporate entity (referred to in this subsection as the “new corporation”) is formed at a particular time by the amalgamation or other merger of two or more corporations (each of which is referred to in this subsection as a “predecessor corporation”), (a) the predecessor corporation is deemed to have transferred to the new corporation at the time (referred to in this subsection as the “merger transfer time”) that is immediately before the particular time each property that was held at the merger transfer time by the predecessor corporation and at the particular time by the new corporation; (b) the new corporation is deemed to exist, and to be related to the predecessor corporation, at the merger transfer time; and (c) the new corporation is deemed to have as its tax reporting currency at the merger transfer time its tax reporting currency at the particular time.
Subsection (21) applies in determining a taxpayer’s income, gain or loss for a taxation year in respect of a transaction (referred to in this subsection and subsection (21) as a “specified transaction”) if (a) the specified transaction was entered into, directly or indirectly, at any time by the taxpayer and a person (referred to in this subsection as the “related person”) to which the taxpayer is at that time related; (b) the taxpayer and the related person had different tax reporting currencies at any time during the period (referred to in this subsection as the “accrual period”) in which the income, gain or loss accrued; and (c) it would, in the absence of this subsection and subsection (21), be reasonable to consider that a fluctuation at any time in the accrual period in the value of the taxpayer’s tax reporting currency relative to the value of the related person’s tax reporting currency (iii) caused the taxpayer to have a loss, instead of income or a gain, in respect of the specified transaction.
If this subsection applies, each fluctuation in value referred to in paragraph (20)(c) is, for the purposes of determining the taxpayer’s income, gain or loss in respect of the specified transaction and notwithstanding any other provision of this Act, deemed not to have occurred. Partnership transactions
For the purposes of this subsection and subsections (18) to (21), (a) if a property is directly or indirectly transferred to or by a partnership, the property is deemed to have been transferred to or by (as the case may be) each member of the partnership; and (b) if a partnership is a party to a transaction, each member of the partnership is deemed to be that party to that transaction.
Déclaration de renseignements
Revocation of designation
Si le paragraphe (26) s’applique relativement au transfert d’un bien à un particulier et que la juste valeur marchande de ce bien est supérieure à 50 $, le cédant est tenu de présenter au ministre, au plus tard le quatre-vingt-dixième jour suivant le transfert du bien, une déclaration de renseignements contenant les renseignements prescrits et d’en fournir une copie au particulier. Nouvelle cotisation
The Minister of Finance may revoke the designation of a stock exchange, or a part of a stock exchange, designated under subsection (1).
En cas d’application du paragraphe (26) au transfert d’un bien à un particulier, le ministre peut établir une nouvelle cotisation à l’égard de la déclaration de revenu d’une personne dans la mesure où il est raisonnable de considérer qu’elle a trait au transfert. [NOTE : Les dispositions d’application ne sont pas incluses dans le texte consolidé; voir les lois modificatives et règlements pertinents. L.R. (1985), ch. 1 (5e suppl.), art. 118.1; 1990, ch. 39, art. 12; 1994, ch. 8, art. 28; 1995, ch. 3, art. 34, ch. 38, art. 63; 1996, ch. 21, art. 52; 1997, ch. 25, art. 33; 1998, ch. 19, art. 89; 1999, ch. 22, art. 35; 2000, ch. 19, art. 36; 2001, ch. 17, art. 23; 2005, ch. 19, art. 25; 2006, ch. 4, art. 28; 2007, ch. 2, art. 13; 2011, ch. 24, art. 13; 2012, ch. 19, art. 22; 2013, ch. 34, art. 396; 2016, ch. 7, art. 62, ch. 11, art. 2; ch. 12, art. 142; 2017, ch. 33, art. 14; 2019, ch. 29, art. 94.] Crédit d’impôt pour frais médicaux
A designation under subsection (1) or a revocation under subsection (2) shall specify the time and after that time, or the time at which time may, for greater certainty, precede the time at which the designation or revocation is made. Publication
A × [(B - C) + D] où : A représente le taux de base pour l’année; B le total des frais médicaux du particulier, engagés à son égard ou à l’égard de son époux ou conjoint de fait ou de son enfant qui n’a pas atteint l’âge de 18 ans avant la fin de l’année et qui, à la fois : a) sont attestés par des reçus présentés au ministre, b) n’ont pas été inclus dans le calcul d’un montant selon le présent paragraphe, l’article 64 ou le paragraphe 122.51(2) pour une année d’imposition antérieure, c) ne sont pas inclus dans le calcul d’un montant selon le présent paragraphe, l’article 64 ou le paragraphe 122.51(2) par un autre contribuable pour une année d’imposition quelconque, d) ont été payés par le particulier ou par son représentant légal au cours de toute période de 12 mois se terminant dans l’année ou, si les frais sont à l’égard d’une personne, y compris le particulier, qui est décédée dans l’année, au cours de toute période de 24 mois comprenant la date du décès; E - F where C 1813 $ ou, si elle est moins élevée, la somme représentant 3 % du revenu du particulier pour l’année; D le total des sommes dont chacune représente, à l’égard d’une personne à charge du particulier, au sens du paragraphe 118(6), à l’exception d’un enfant du particulier qui n’a pas atteint l’âge de 18 ans avant la fin de l’année, la somme obtenue par la formule suivante : E - F où : E représente le total des frais médicaux du particulier, engagés à l’égard de la personne à charge et qui, à la fois : a) sont attestés par des reçus présentés au ministre, b) n’ont pas été inclus dans le calcul d’un montant selon le présent paragraphe ou le paragraphe 122.51(2) à l’égard du particulier pour une année d’imposition antérieure, c) ne sont pas inclus dans le calcul d’un montant selon le présent paragraphe ou le paragraphe 122.51(2) par un autre contribuable pour une année d’imposition quelconque, d) ont été payés par le particulier ou par son représentant légal au cours de la période visée à l’alinéa d) de l’élément B, F 1813 $ ou, si elle est moins élevée, la somme représentant 3 % du revenu de la personne à charge pour l’année. Frais médicaux
The Minister of Finance shall cause to be published, by posting on the Internet website of the Department of Finance or by any other means that the Minister of Finance considers appropriate, the names of those stock exchanges, or parts of stock exchanges, as the case may be, that are or at any time were designated under subsection (1).
Pour l’application du paragraphe (1), les frais médicaux d’un particulier sont les frais payés : a) à un médecin, à un dentiste, à une infirmière ou un infirmier, à un hôpital public ou à un hôpital privé agréé, pour les services médicaux ou dentaires fournis au particulier, à son époux ou conjoint de fait ou à une personne à charge du particulier (au sens du paragraphe 118(6)) dans l’année d’imposition où les frais ont été engagés; b) à titre de rémunération d’un préposé à plein temps (sauf une personne qui, au moment où la rémunération est versée, est l’époux ou conjoint de fait du particulier ou est âgée de moins de 18 ans) aux soins du particulier, de son époux ou conjoint de fait ou d’une personne à charge visée à l’alinéa a) – pour qui un montant serait, sans l’alinéa 118.3(1)c), déductible en application de l’article 118.3 dans le calcul de l’impôt payable par un contribuable en vertu de la présente
The Minister of Finance is deemed to have designated under subsection (1) each stock exchange and each part of a stock exchange that was, immediately before the day on which this section came into force, a prescribed stock exchange, with effect on and after that day. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2007, c. 35, s. 67.
b.1) à titre de rémunération pour les soins de préposé fournis au Canada au particulier, à son époux ou conjoint de fait ou à une personne à charge visée à l’alinéa a), dans la mesure où le total des sommes payées ne dépasse pas 10 000 $ (ou 20 000 $ en cas de décès du particulier dans l’année) et si les conditions suivantes sont réunies: (i) le particulier, l’époux ou conjoint de fait ou la personne à charge est quelqu’un pour qui un montant est déductible en application de l’article 118.3 dans le calcul de l’impôt payable par un contribuable en vertu de la présente partie pour l’année d’imposition au cours de laquelle les frais sont engagés, (ii) aucune partie de la rémunération n’est incluse dans le calcul d’une déduction demandée pour le particulier, l’époux ou conjoint de fait ou la personne à charge en application des articles 63 ou 64 ou des alinéas b), b.2), c), d) ou e) pour une année d’imposition, (iii) au moment où la rémunération est versée, le préposé n’est ni l’époux ou conjoint de fait du particulier ni âgé de moins de 18 ans, (iv) chacun des reçus présentés au ministre comme attestation du paiement de la rémunération est délivré par le bénéficiaire de la rémunération et comporte, si celui-ci est un particulier, son numéro d’assurance sociale; b.2) à titre de rémunération pour le soin ou la surveillance du particulier, de son époux ou conjoint de fait ou d’une personne à charge visée à l’alinéa a) dans un foyer de groupe au Canada tenu exclusivement pour le bénéfice de personnes ayant une déficience grave et prolongée si les conditions suivantes sont réunies: (i) en raison de sa déficience, le particulier, l’époux ou conjoint de fait ou la personne à charge est une personne à l’égard de laquelle un montant peut être déduit en application de l’article 118.3 dans le calcul de l’impôt payable en vertu de la présente partie par un particulier pour l’année d’imposition au cours de laquelle la dépense est engagée, (ii) aucune partie de la rémunération n’est incluse dans le calcul d’une déduction demandée pour le (i) the patient, and (A) specially trained to f) pour le transport par ambulance du particulier, de son époux ou conjoint de fait ou d’une personne à charge visée à l’alinéa a), à destination ou en provenance d’un hôpital public ou d’un hôpital privé agréé; g) à une personne dont l’activité est une entreprise de transport, dans la mesure où ce paiement se rapporte au transport, entre la localité où habitent le particulier, son époux ou conjoint de fait ou une personne à charge visée à l’alinéa a) et le lieu — situé à 40 kilomètres au moins de cette localité — où des services médicaux sont habituellement dispensés, ou vice-versa, des personnes suivantes : (i) le particulier, l’époux ou conjoint de fait ou la personne à charge, (ii) un seul particulier accompagnant le particulier, l’époux ou le conjoint de fait ou la personne à charge, si ceux-ci sont, d’après l’attestation écrite d’un médecin, incapables de voyager sans l’aide d’un préposé à leurs soins, si les conditions suivantes sont réunies : (iii) il n’est pas possible d’obtenir dans cette localité ces services médicaux ou des services médicaux équivalents, (iv) l’itinéraire emprunté par le particulier, l’époux ou conjoint de fait ou la personne à charge est, compte tenu des circonstances, un itinéraire raisonnablement direct, (v) le particulier, l’époux ou conjoint de fait ou la personne à charge se rendent en ce lieu afin d’obtenir des services médicaux pour eux-mêmes et il est raisonnable, compte tenu des circonstances, qu’ils s’y rendent à cette fin; h) pour les frais raisonnables de déplacement, à l’exclusion des frais visés à l’alinéa g), engagés à l’égard du particulier, de l’époux ou du conjoint de fait ou d’une personne à charge visée à l’alinéa a) et, si ceux-ci sont, d’après l’attestation écrite d’un médecin, incapables de voyager sans l’aide d’un préposé à leurs soins, à l’égard d’un seul particulier les accompagnant, afin d’obtenir des services médicaux dans un lieu situé à 80 kilomètres au moins de la localité où le particulier, l’époux ou le conjoint de fait ou la personne à charge habitent, si les conditions visées aux sous-alinéas g)(iii) à (v) sont réunies; i) au titre d’un membre artificiel, d’un poumon d’acier, d’un lit berceur pour les personnes atteintes de poliomyélite, d’un fauteuil roulant, de béquilles, d’un corset dorsal, d’un appareil orthopédique pour un membre, d’un tampon d’iléostomie ou de colostomie, (l.1) on behalf of the patient who requires a bone marrow or organ transplant, d’un bandage herniaire, d’un œil artificiel, d’un appareil de prothèse vocale ou auditive, d’un rein artificiel, de matériel de photothérapie pour le traitement du psoriasis ou d’autres maladies de la peau ou d’un concentrateur d’oxygène, pour le particulier, son époux ou conjoint de fait ou une personne à charge visée à l’alinéa a);
Enhanced International Information Reporting
i.1) au titre de sous-vêtements jetables, de couches, de cathéters, de plateaux à cathéters, de tubes ou d’autres produits dont le particulier, son époux ou conjoint de fait ou une personne à charge visée à l’alinéa a) a besoin pour cause d’incontinence due à une maladie, à une blessure ou à une infirmité; j) pour des lentilles ou autres dispositifs de traitement ou de correction des troubles de la vue, destinés au particulier, à son époux ou conjoint de fait ou à une personne à charge visée à l’alinéa a), sur ordonnance d’un médecin ou d’un optométriste; k) pour une tente à oxygène ou tout autre équipement nécessaire à l’administration d’oxygène, pour de l’insuline, de l’oxygène, et l’extrait hépatique injectable pour le traitement de l’anémie pernicieuse ou des vitamines B12 pour le traitement de la carence en vitamine B12, pour le particulier, son époux ou conjoint de fait ou une personne à charge visée à l’alinéa a), sur ordonnance d’un médecin; l) au nom du particulier, de son époux ou conjoint de fait ou d’une personne à charge visée à l’alinéa a), qui est atteint d’autisme grave, de cécité, de diabète grave, d’épilepsie grave, de surdité profonde ou de déficience mentale grave ou qui a une déficience grave et prolongée qui limite de façon marquée l’usage des bras et des jambes : (i) pour un animal qui, à la fois : (A) est spécialement dressé : (I) dans le cas d’une personne atteinte d’une déficience mentale grave, pour effectuer des tâches (excluant le soutien affectif) qui aident le particulier à vivre avec sa déficience, (II) dans les autres cas, pour aider le particulier, l’époux ou conjoint de fait ou la personne à charge à vivre avec sa déficience, (B) est fourni par une personne ou une organisation dont l’un des buts principaux est de dresser ainsi des animaux, (ii) pour le soin et l’entretien d’un tel animal, y compris la nourriture et les soins de vétérinaire, (iii) pour les frais raisonnables de déplacement du particulier, de l’époux ou conjoint de fait ou de la personne à charge, engagés en vue de permettre à ceux-ci de fréquenter une école, une institution ou autre établissement des particuliers qui ont une telle déficience sont initiés à la conduite de tels animaux, (iv) pour les frais raisonnables de pension et de logement du particulier, de l’époux ou conjoint de fait de la personne à charge, engagés en vue de permettre à ceux-ci de fréquenter à plein temps une école, une institution ou autre établissement visé au sous-alinéa (iii);
agreement has the same meaning as in section 2 of the Canada–United States Enhanced Tax Information Exchange Agreement Implementation Act. (accord) listed financial institution means a financial institution that is (a) an authorized foreign bank within the meaning of section 2 of the Bank Act in respect of its business in Canada, or a bank to which that Act applies; (b) a cooperative credit society, a savings and credit union or a caisse populaire regulated by a provincial Act; (c) an association regulated by the Cooperative Credit Associations Act; (d) a central cooperative credit society, as defined in section 2 of the Cooperative Credit Associations Act, or a credit union central or a federation of credit unions or caisses populaires that is regulated by a provincial Act other than one enacted by the legislature of Quebec; (e) a financial services cooperative regulated by An Act respecting financial services cooperatives, R.S.Q., c. C-67.3, or An Act respecting the Mouvement Desjardins, S.Q. 2000, c. 77; (f) a life company or a foreign life company to which the Insurance Companies Act applies or a life insurance company regulated by a provincial Act; (g) a company to which the Trust and Loan Companies Act applies; (h) a trust company regulated by a provincial Act; (i) a loan company regulated by a provincial Act; (j) an entity authorized under provincial legislation to engage in the business of dealing in securities or any other financial instruments, or to provide portfolio management, investment advising, fund administration, or fund management, services; (k) an entity that is represented or promoted to the public as a collective investment vehicle, mutual fund, exchange traded fund, private equity fund, hedge fund, venture capital fund, leveraged buyout fund or similar investment vehicle that is established to invest or trade in financial assets and that is managed by an entity referred to in paragraph (j); (l) an entity that is a clearing house or clearing agency; or (m) a department or an agent of Her Majesty in right of Canada or of a province that is engaged in the business of accepting deposit liabilities. (institution financière particulière) non-reporting Canadian financial institution means any Canadian financial institution or other entity resident in Canada that (a) is described in any of paragraphs C, D and G to J of section III of Annex II to the agreement; (b) makes a reasonable determination that it is described in any of paragraphs A, B, E and F of section III of Annex II to the agreement; (c) qualifies as an exempt beneficial owner under relevant U.S. Treasury Regulations in effect on the date of signature of the agreement; or U.S. reportable account means a financial account that, under the agreement, is to be treated as a U.S. reportable account. (compte déclarable américain)
(i) pour les frais raisonnables, exclus les frais visés au sous-alinéa e) mais incluant les frais liés aux services et les primes d’assurance, engagés dans la recherche d’un donneur compatible et dans les préparatifs de la transplantation, (ii) pour les frais raisonnables afférents à des rénovations ou transformations apportées à l’habitation du particulier, de son époux ou conjoint de fait ou d’une personne à charge visée à l’alinéa a) — ne jouissant pas d’un développement physique normal ou ayant un handicap moteur grave et prolongé — pour lui permettre d’avoir accès à son habitation, de s’y déplacer ou d’y accomplir les tâches de la vie quotidienne, pourvu que ces frais, à la fois : (i) ne soient pas d’un type dont on pourrait normalement s’attendre à ce qu’ils aient pour effet d’augmenter la valeur de l’habitation, (ii) soient d’un type que n’engagerait pas normalement une personne jouissant d’un développement physique normal ou ne ayant pas un handicap moteur grave et prolongé;
For the purposes of this Part, Canadian financial institution and reporting Canadian financial institution each have the meaning that would be assigned by the agreement, and the definition non-reporting Canadian financial institution in subsection (1) has the meaning that would be assigned by that subsection, if the definition Financial Institution in subparagraph 1(g) of Article 1 of the agreement were read as follows: g) The term Financial Institution means any Entity that is a Custodial Institution, a Depository Institution, an Investment Entity or a Specified Insurance Company, and that is a listed financial institution within the meaning of Part XVIII of the Income Tax Act.
Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
For the purposes of this Part, the agreement is to be read as if the definition Financial Account in subparagraph 1(s) of Article 1 of the agreement included the following subparagraph after subparagraph (1): (1.1) an account that is a client name account maintained by a person or entity that is authorized under provincial legislation to engage in the business of dealing in securities or any other financial instruments, or to provide portfolio management or investment advisory services.
Impôt sur le revenu
For the purposes of this Part, a reference in the agreement to “Canadian TIN” or “taxpayer identification number” is to be read as including a reference to Social Insurance Number.
In this Part, a term has the meaning that is defined in, or assigned by, the agreement unless the term is defined in this Part.
No person shall be liable for a failure to comply with a duty or obligation imposed by this Act that results from an amendment to the agreement unless at the date of the alleged failure, (a) the text of the instrument that effected the amendment had been published in the Canada Gazette; or (b) reasonable steps had been taken to bring the purport of the amendment to the notice of those persons likely to be affected by it. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2014, c. 20, s. 101. Designation of account
(a) a preexisting individual account described in paragraph A of section II of Annex I to the agreement; (b) a new individual account described in paragraph A of section III of Annex I to the agreement; (c) a preexisting entity account described in paragraph A of section IV of Annex I to the agreement; or
handicap moteur grave et prolongé — qu’il est raisonnable de considérer comme des frais supplémentaires engagés afin de lui permettre d’avoir accès à son lieu principal de résidence, de s’y déplacer ou d’accomplir les tâches de la vie quotidienne, pourvu que ces frais, à la fois : (i) ne soient pas d’un type dont on pourrait normalement s’attendre à ce qu’ils aient pour effet d’augmenter la valeur de l’habitation, (ii) soient d’un type que n’engagerait pas normalement la personne jouissant d’un développement physique normal ou n’ayant pas un handicap moteur grave et prolongé;
A reporting Canadian financial institution may not designate a financial account for a calendar year unless the account is part of a clearly identifiable group of accounts all of which are designated for the year. Applicable rules
The rules in paragraph C of section VI of Annex I to the agreement apply in determining whether a financial account is described in any of paragraphs (1)(a) to (d). [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2014, c. 20, s. 101. Identification obligation — financial accounts
(i) le particulier, l’époux ou le conjoint de fait ou la personne à charge est quelqu’un qui, d’après l’attestation d’un médecin, a besoin de ces services en raison de sa déficience, (ii) le paiement est effectué à une personne dont l’entreprise consiste à offrir ces services;
Every reporting Canadian financial institution shall have the following due diligence procedures: (a) for preexisting individual accounts that are lower value accounts, other than accounts described in paragraph A of section II of Annex I to the agreement, the procedures described in paragraphs B and C of that section, subject to paragraph F of that section; (b) for preexisting individual accounts that are high value accounts, other than accounts described in paragraph A of section II of Annex I to the agreement, the procedures described in paragraphs D and E of that section, subject to paragraph F of that section; (c) for new individual accounts, other than accounts described in paragraph A of section III of Annex I to the agreement, the procedures described in paragraph B of section III of Annex I to the agreement; (d) for preexisting entity accounts, other than accounts described in paragraph A of section IV of Annex I to the agreement, the procedures described in paragraphs D and E of that section; and (e) for new entity accounts, other than accounts described in paragraph A of section V of Annex I to the agreement, the procedures described in paragraphs B to E of that section.
If a reporting Canadian financial institution does not designate a financial account under subsection 264(1) for a calendar year, the institution shall have the following due diligence procedures with respect to the account: (a) if the account is a preexisting individual account described in paragraph A of section II of Annex I to the agreement, the procedures described in paragraphs B and C of that section, subject to paragraph F of that section; (b) if the account is a new individual account described in paragraph A of section III of Annex I to the agreement, the procedures described in paragraph B of section III of Annex I to the agreement; (c) if the account is a preexisting entity account described in paragraph A of section IV of Annex I to the agreement, the procedures described in paragraphs D and E of that section; and (d) if the account is a new entity account described in paragraph A of section V of Annex I to the agreement, the procedures described in paragraphs B to E of that section. Rules and definitions
or (i) le particulier, l’époux ou le conjoint de fait ou la personne à charge est quelqu’un qui, d’après l’attestation écrite d’un médecin, a besoin de ces services en raison de sa déficience, (ii) le paiement est effectué à une personne dont l’entreprise consiste à fournir de tels services;
For the purposes of subsections (2) and (3), subparagraphs B(1) to (3) of section I, and section VI, of Annex I to the agreement apply except that (a) in applying paragraph C of that section VI, an account balance that has a negative value is deemed to be nil; and (b) the definition NFFE in subparagraph B(2) of that section VI is to be read as follows: An NFFE means any Non-U.S. Entity that is not an FFI as defined in relevant U.S. Treasury Regulations or is an Entity described in subparagraph B(4)(j) of this section, and also includes any Non-U.S. Entity a) that is resident in Canada and is not a listed financial institution within the meaning of Part XVIII of the Income Tax Act; or b) that is resident in a Partner Jurisdiction other than Canada and is not a Financial Institution.
For the purposes of paragraphs (2)(a) and (b), subparagraph (2)(c)(ii), paragraph (3)(a) and subparagraph (3)(b)(ii), subparagraph B(3) of section II of Annex I to the agreement is to be read as follows:
For the purpose of applying the procedures referred to in paragraphs (2)(d) and (e) and (3)(c) and (d) to a financial account of an account holder that is resident in Canada, the definition Financial Institution in subparagraph 1(g) of Article 1 of the agreement is to be read as follows: g) The term Financial Institution means any Entity that is a Custodial Institution, a Depository Institution, an Investment Entity or a Specified Insurance Company, and that is a listed financial institution within the meaning of Part XVIII of the Income Tax Act.
(i) le montant payé pour acquérir la fourgonnette, (ii) la partie éventuelle du montant visé au sous-alinéa (i) qui est incluse par l’effet de l’alinéa m) dans le calcul de la déduction du particulier en vertu du présent article pour une année d’imposition;
Subsection (8) applies to a reporting Canadian financial institution in respect of a client name account maintained by the institution if (a) property recorded in the account is also recorded in a financial account (in this subsection and subsection (8) referred to as the “related account”) maintained by a financial institution (in this subsection and subsection (8) referred to as the “dealer”) that is authorized under provincial legislation to engage in the business of dealing in securities or any other financial instrument, or to provide portfolio management or investment advising services; and (b) the dealer has advised the institution whether the related account is a U.S. reportable account. However, subsection (8) does not apply if it can reasonably be concluded by the institution that the dealer has failed to comply with its obligations under this section.
(n) for personne âgée de moins de 18 ans) consacrés à la formation du particulier, ou d’une personne qui lui est liée, dans le cas où la formation a trait à la déficience mentale ou physique d’une personne qui, à la fois : (i) est liée au particulier, (ii) habite chez le particulier ou est à sa charge;
If this subsection applies to a reporting Canadian financial institution in respect of a client name account, (b) the institution shall rely on the determination of the dealer in respect of the related account in determining whether the account is a U.S. reportable account. [NOTE: Provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2014, c. 20, s. 101; 2016, c. 12, s. 70. Reporting — U.S. reportable accounts
9) à titre de rémunération pour le traitement administré au particulier, à son époux ou conjoint de fait ou à une personne à charge visée à l’alinéa a) en raison de sa déficience grave et prolongée, dans les conditions suivantes : (i) en raison de la déficience du particulier, de l’époux ou conjoint de fait ou de la personne à charge, un montant peut être déduit en application de l’article 118.3 dans le calcul de l’impôt payable en vertu de la présente partie par un particulier pour l’année d’imposition au cours de laquelle la rémunération est payée, (ii) le traitement prescrit est l’un des permanents suivants et est administré sous sa surveillance générale : (A) un médecin en titre, un infirmier praticien ou un psychologue, dans le cas d’une déficience mentale, (B) un médecin en titre, un infirmier praticien ou un ergothérapeute, dans le cas d’une déficience physique, (iii) au moment où la rémunération est payée, le bénéficiaire du paiement n’est ni l’époux ou conjoint de fait du particulier, ni âgé de moins de 18 ans, (iv) chacun des reçus présentés au ministre comme attestation du paiement de la rémunération a été délivré par le bénéficiaire de la rémunération et comporte, si celui-ci est un particulier, son numéro d’assurance sociale;
Reporting — nonparticipating financial institutions
91) à titre de rémunération pour des services de tutorat, s’ajoutant à l’enseignement général, rendus au particulier, à son époux ou conjoint de fait ou à une personne à charge visée à l’alinéa a) et qui a une difficulté d’apprentissage ou une déficience mentale et qui, d’après le certificat d’un médecin, a besoin de ces services en raison de cette difficulté ou de cette déficience, si le bénéficiaire du paiement pour ces services est une personne qui exploite une entreprise dont l’entreprise habituelle consiste à offrir de tels services à des personnes avec lesquelles elle n’a aucun lien;
Every reporting Canadian financial institution shall file with the Minister, before May 2 of each calendar year, an information return in prescribed form relating to payments, to a nonparticipating financial institution that is the holder of a financial account maintained by the reporting Canadian financial institution, during the immediately preceding calendar year if the immediately preceding year is 2015 or 2016.
(i) en raison de la déficience du particulier, de l’époux ou du conjoint de fait ou de la personne à charge, une somme serait déductible en application de l’article 118.3 dans le calcul de l’impôt payable en vertu de la présente partie par un contribuable pour l’année d’imposition au cours de laquelle la rémunération est payée si la présente loi s’appliquait comme tenu de l’alinéa 118.3(1)c), (ii) le plan est requis pour l’accès au financement public d’un traitement spécialisé ou est prescrit par : (A) un médecin en titre, un infirmier praticien ou un psychologue, dans le cas d’une déficience mentale, (B) un médecin en titre, un infirmier praticien ou un ergothérapeute, dans le cas d’une déficience physique, (iii) le traitement prévu par le plan est prescrit par l’une des personnes ci-après et, s’il est mis en œuvre, est administré sous sa surveillance générale : (A) un médecin en titre, un infirmier praticien ou un psychologue, dans le cas d’une déficience mentale, (B) un médecin en titre, un infirmier praticien ou un ergothérapeute, dans le cas d’une déficience physique, (iv) le bénéficiaire du paiement est une personne dont l’entreprise habituelle comprend la conception de tels plans à l’intention de particuliers auxquels elle n’est pas liée; (m) pour tout dispositif ou équipement destiné à être utilisé par le particulier, par son époux ou conjoint de fait ou par une personne à charge visée à l’alinéa a) et qui répond aux conditions suivantes, dans la mesure où le montant payé ne dépasse pas le montant fixé par règlement, le cas échéant, relativement au dispositif ou à l’équipement : (i) il est d’un genre visé par règlement, (ii) il est utilisé sur ordonnance d’un médecin, (iii) il n’est pas visé à un autre alinéa du présent paragraphe, (iv) il répond aux conditions prescrites quant à son utilisation ou à la raison de son acquisition; n) pour ce qui suit : (i) les médicaments, les produits pharmaceutiques et les autres préparations ou substances, sauf s’ils sont déjà visés à l’alinéa k), qui répondent aux conditions suivantes : (A) ils sont fabriqués, vendus ou offerts pour servir au diagnostic, au traitement ou à la prévention d’une maladie, d’une affection ou d’un état physique anormal, ou à leurs symptômes, ou en vue de rétablir, de corriger ou de modifier une fonction organique, (B) ils ne peuvent légalement être acquis afin d’être utilisés par le particulier, par son époux ou conjoint de fait ou par une personne à charge visée à l’alinéa a), que sur ordonnance d’un médecin ou d’un dentiste, (C) leur achat est enregistré par un pharmacien, (ii) les médicaments, les produits pharmaceutiques et les autres préparations ou substances qui sont visés par règlement; o) pour les actes de laboratoires, de radiologie ou autres actes de diagnostic et les interprétations nécessaires, sur ordonnance d’un médecin ou d’un dentiste, en vue de maintenir la santé, de prévenir les maladies et de diagnostiquer ou traiter une blessure, une maladie ou une invalidité du particulier, de son époux ou conjoint de fait ou d’une personne à charge visée à l’alinéa a); p) à une personne autorisée par la législation d’une province à exercer la profession de prothésiste dentaire, pour la fabrication ou réparation de dentiers ou pour la prise d’empreintes et la réalisation de mises en place en vue de la fabrication, production, construction et fourniture de dentiers, pour le particulier, son époux ou conjoint de fait ou une personne à charge visée à l’alinéa a); q) à un régime privé d’assurance-maladie, à titre de prime, cotisation ou autre contrepartie à l’égard du particulier, de son époux ou conjoint de fait ou d’une personne habitant avec lui et à sa charge, sauf si le particulier est uni par les liens du sang, du mariage, de l’union de fait ou de l’adoption ou à l’égard de plusieurs de ces personnes, sauf dans le cas où... Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
An information return required under subsection (1) or (2) shall be filed by way of electronic filing. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2014, c. 20, s. 101. Record keeping
Impôt sur le revenu
Every reporting Canadian financial institution required by this Part to keep records that it does so electronically shall retain them in an electronically readable form and shall retain the information referred to in subsection (3).
Every reporting Canadian financial institution that is required to keep, obtain, or create records under this Part shall retain those records for a period of at least six years following (a) in the case of a self-certification, the last day on which a related financial account is open; and (b) in any other case, the end of the last calendar year in respect of which the record is relevant. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2014, c. 20, s. 101. Anti-avoidance
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2014, c. 20, s. 101.
prime, cotisation ou autre contrepartie est déduite en application du paragraphe 20.01(1) dans le calcul du revenu du particulier tiré d’une entreprise pour une année d’imposition; r) au nom du particulier, de son époux ou conjoint de fait ou d’une personne à charge visée à l’alinéa a) qui a la maladie cœliaque, la somme supplémentaire à débourser pour l’achat de produits alimentaires sans gluten, laquelle consiste en la différence entre le coût de ces produits et le coût de produits équivalents avec gluten, si le particulier, l’époux ou conjoint de fait ou la personne à charge visée à l’alinéa a) fournit l’attestation d’un médecin, déclare suivre un régime sans gluten en raison de sa maladie; s) pour les drogues obtenues en vertu du Programme d’accès spécial de Santé Canada, conformément aux articles C.08.010 et C.08.011 du Règlement sur les aliments et drogues, et achetées en vue d’être utilisées par le particulier, son époux ou conjoint de fait ou une personne à charge visée à l’alinéa a); t) pour les instruments médicaux obtenus en vertu du Programme d’accès spécial de Santé Canada, conformément aux articles 69 à 71 du Règlement sur les instruments médicaux, lesquels sont achetés en vue d’être utilisés par le particulier, son époux ou conjoint de fait ou une personne à charge visée à l’alinéa a); u) au nom du patient qui est le titulaire d’un document médical (au sens du paragraphe 264(1) du Règlement sur le cannabis) à l’appui de sa consommation de cannabis à des fins médicales, pour le coût du cannabis, de l’huile de cannabis, de graines de plantes de cannabis ou de produits du cannabis achetés à des fins médicales d’un titulaire d’une licence de vente (au sens du paragraphe 264(1) du Règlement sur le cannabis); v) à une clinique de fertilité ou une banque de donneurs, au Canada à titre de frais ou d’autres montants payés ou payables, pour obtenir des spermatozoïdes, des ovules ou des embryons afin de permettre la conception d’un enfant par le particulier, son époux ou conjoint de fait ou une mère porteuse pour le compte du particulier. Fins esthétiques (2.1) Sont exclues des frais médicaux visés au paragraphe (2) les sommes payées pour des services médicaux ou dentaires exécutés purement à des fins esthétiques, ainsi que les dépenses connexes, sauf si les services sont requis à des fins médicales ou reconstructrices. (d) is an expense incurred in Canada; and
For the purposes of subsection (1), Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals Sections 118.2-118.3 (i) the individual, NOTE: Application provisions are not included in the consolidated text; see relevant amendments and application provisions in: R.S., 1985, c. 1 (5th Supp.), s. 118.2; 1991, c. 49, s. 6; 1994, c. 7, Sch. II, s. 5; 1996, c. 21, s. 53; 1999, c. 22, s. 14; 2000, c. 19, s. 6; 2001, c. 17, s. 56; 2004, c. 22, s. 5; 2005, c. 43, s. 19; 2006, c. 4, s. 22; 2006, c. 25, s. 62; 2008, c. 28, s. 6; 2010, c. 25, s. 13; 2011, c. 24, s. 27; 2013, c. 34, s. 402; 2014, c. 39, s. 20; 2017, c. 20, s. 16; 2018, c. 33, s. 44; 2018, c. 12, s. 12; 2019, c. 29, s. 17; 2022, c. 19, s. 18; 2024, c. 17, s. 25. Credit for mental or physical impairment
applies to the institution, with such modifications as the circumstances require, to the extent that the agreement imposes due diligence and reporting obligations on the institution. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] ; 2014, c. 20, s. 101. Common Reporting Standard
Impôt sur le revenu
account holder means (a) the person listed or identified as the holder of a financial account by the financial institution that maintains the account, other than a person (other than a financial institution) holding a financial account for the benefit of, or on behalf of, another person as agent, custodian, nominee, signatory, investment advisor or intermediary; and (b) in the case of a cash value insurance contract or an annuity contract, (i) any person entitled to access the cash value or change the beneficiary, (ii) if no person can access the cash value or change the beneficiary, (A) any person named as the owner in the contract, and (B) any person with a vested entitlement to payment under the terms of the contract, and active NFE means, at any time, a non-financial entity that meets any of the following criteria: (a) less than 50% of the NFE’s gross income for the preceding fiscal period is passive income and less than 50% of the assets held by the NFE during the preceding fiscal period are assets that produce or are held for the production of passive income; (i) interests in the NFE are regularly traded on an established securities market, or (ii) the NFE is a related entity of an entity interests in which are regularly traded on an established securities market; (c) the NFE is (iv) an entity wholly owned by one or more entities described in subparagraphs (i) to (iii); (i) all or substantially all of the activities of the NFE consist of holding (in whole or in part) the outstanding stock of, or providing financing and services to, one or more of its subsidiaries that engage in trades or businesses other than the business of a financial institution, and (ii) the NFE does not function as (and is not represented or promoted to the public as) an investment fund, including (C) a leveraged buyout fund, and (D) an investment vehicle whose purpose is to acquire or fund companies and then hold interests in those companies as capital assets for investment purposes; (i) is not yet operating a business, (ii) has no prior operating history, (iii) is investing capital into assets with the intent to operate a business other than that of a financial institution, and (iv) was initially organized no more than 24 months prior to that time; (f) the NFE has not been a financial institution in any of the past five years and is in the process of liquidating its assets or is reorganizing with the intent to continue or recommence operations in a business other than that of a financial institution; (g) the NFE primarily engages in financing and hedging transactions with, or for, related entities that are not financial institutions, and does not provide financing or hedging services to any entity that is not a related entity, provided that the group of those related entities is primarily engaged in a business other than that of a financial institution; and (h) the NFE meets all of the following requirements: (A) is established and operated in its jurisdiction of residence exclusively for religious, charitable, scientific, artistic, cultural, athletic or educational purposes, or (B) is established and operated in its jurisdiction of residence and it is a professional organization, business league, chamber of commerce, labour organization, agricultural or horticultural organization, civic league or an organization operated exclusively for the promotion of social welfare, (ii) it is exempt from income tax in its jurisdiction of residence, (iii) it has no shareholders or members who have a proprietary or beneficial interest in its income or assets, (iv) the applicable laws of the NFE’s jurisdiction of residence or the NFE’s formation documents do not permit any income or assets of the NFE to be distributed to, or applied for the benefit of, a private person or non-charitable entity other than pursuant to the conduct of the NFE’s charitable activities, or as payment of reasonable compensation for services rendered, or as payment representing fair market value of property which the NFE has purchased, and (v) the applicable laws of the NFE’s jurisdiction of residence or the NFE’s formation documents require that, upon the NFE’s liquidation or dissolution, all of its assets be distributed to a governmental entity or other non-profit organization, or escheat to the government of the NFE’s jurisdiction of residence or any political subdivision thereof. annuity contract means a contract under which the issuer agrees to make payments for a period of time determined in whole or in part by reference to the life expectancy of one or more individuals and includes a contract (a) that is considered to be an annuity contract in accordance with the law, regulation or practice of the jurisdiction in which the contract was issued; and (b) under which the issuer agrees to make payments for a term of years. (contrat de rente) broad participation retirement fund means a fund that is established to provide retirement, disability or death benefits to beneficiaries that are current or former employees (or persons designated by those employees) of one or more employers in consideration for services rendered, if the fund (a) does not have a single beneficiary with a right to more than 5% of the fund’s assets; (b) is subject to government regulation and provides information reporting to the Minister; and (c) satisfies at least one of the following requirements: (i) the fund is generally exempt from tax on investment income, or taxation of investment income is deferred or taxed at a reduced rate, due to its status as a retirement or pension plan, (ii) the fund receives at least 50% of its total contributions (other than transfers of assets from broad participation retirement funds, narrow participation retirement funds or from retirement and pension accounts described in paragraph (a) of the definition excluded account) from the sponsoring employers, (iii) distributions or withdrawals from the fund are central bank or retirement and pension accounts described in paragraph (a) of the definition excluded account), or (B) subject to penalties if they are made before such specified events, and (iv) contributions (other than permitted make-up contributions) by an employee to the fund (A) are limited by reference to the employee’s remuneration, or (B) must not exceed 50,000 USD annually, applying the rules set forth in subsection 277(3). Canadian financial institution means a financial institution that is (i) resident in Canada, but excluding any branch of the financial institution that is located outside Canada, or (ii) a branch of a financial institution that is not resident in Canada, if the branch is located in Canada; and cash value, in respect of a contract held by a policyholder, means the greater of the amount that the policyholder is entitled to receive upon surrender or termination of the contract (determined without reduction for any surrender charge or policy loan) and the amount the policyholder can borrow under or with regard to the contract, but does not include an amount payable under an insurance contract (a) solely by reason of the death of an individual insured under a life insurance contract; (b) as a personal injury or sickness benefit, or other benefit, providing indemnification of an economic loss incurred upon the occurrence of an event insured against; (c) as a refund of a previously paid premium (less any cost of insurance charges whether or not actually imposed) under an insurance contract (other than an investment-linked life insurance or annuity contract) due to the cancellation or termination of the contract, a decrease in risk exposure during the effective period of the contract or arising from the correction of a posting or similar error with regard to the premium for the contract; (d) as a policyholder dividend (other than a termination dividend) if the dividend relates to an insurance contract under which the only benefits payable are described in paragraph (b); or (e) as a return of an advance premium or premium deposit for an insurance contract for which the premium is payable at least annually, if the amount of the advance premium or premium deposit does not exceed the next annual premium that will be payable under the contract. (valeur de rachat) central bank means an institution that is, by law or government sanction, the principal authority, other than the government of the jurisdiction itself, issuing instruments intended to circulate as currency and may include an instrumentality that is separate from the government of the jurisdiction, whether or not owned in whole or in part by the jurisdiction. (banque centrale) controlling persons, in respect of an entity, means the natural persons who exercise control over the entity (interpreted in a manner consistent with the Financial Action Task Force Recommendations — International Standards on Combating Money Laundering and the Financing of Terrorism and Proliferation, adopted in February 2012 and as amended from time to time) and includes (i) its settlors, (ii) its trustees, (iii) its protectors (if any), (iv) its beneficiaries (for this purpose, a discretionary beneficiary of a trust will only be considered a beneficiary of the trust in a calendar year if a distribution has been paid or made payable to the discretionary beneficiary in the calendar year), and (v) any other natural persons exercising ultimate effective control over the trust; and (b) in the case of a legal arrangement other than a trust, persons in equivalent or similar positions to
custodial account means an account (other than an in- surance contract or annuity contract) that holds one or more financial assets for the benefit of another person. gross income attributable to the holding of financial as- sets for the account of others and related financial ser- during the shorter of (a) the three-year period that ends at the end of the (b) the period during which the entity has been in ex- depository account includes account, or an account that is evidenced by a certifi- cate, certificate of indebtedness or other similar in- strument maintained by a financial institution in the ordinary course of a banking or similar business; and (b) an amount held by an insurance company under a guaranteed investment contract or similar agreement to pay or credit interest on the contract. (compte de depository institution means any entity that accepts deposits in the ordinary course of a banking or similar documentary evidence includes (a) a certificate of residence issued by an authorized government body (such as a government or agency thereof, or a municipality) of the jurisdiction in which (b) with respect to an individual (other than a trust), any valid identification issued by an authorized gov- ernment body that includes the individual’s name and is typically used for identification purposes; (c) with respect to an entity, any official documenta- tion issued by an authorized government body that in- cludes the name of the entity and either the address of its principal office in the jurisdiction in which it claims to be resident or the jurisdiction in which the entity was incorporated or organized; and entity means a person (other than a natural person) or a legal arrangement, such as a corporation, partnership, trust or foundation. (entité) established securities market means an exchange that (a) is officially recognized and supervised by a governmental authority in which the market is located; and (b) has an annual value of shares traded on the exchange (or a predecessor exchange) exceeding one billion USD during each of the three calendar years immediately preceding the calendar year in which the determination is being made. For this purpose, if an exchange has more than one tier or market level on which stock may be separately listed or traded, each of those tiers must be treated as a separate exchange. (marché boursier réglementé) excluded account means (a) a retirement or pension account that satisfies the following requirements: (i) the account is (A) subject to regulation as a personal retirement account, or (B) part of a registered or regulated retirement or pension plan for the provision of retirement or pension benefits (including disability or death benefits), (ii) the account is tax-favoured in that (A) contributions to the account that would otherwise be subject to tax are deductible or excluded from the gross income of the account holder or taxed at a reduced rate, or (B) taxation of investment income within the account is deferred or investment income within the account is taxed at a reduced rate, (iii) information reporting to the Minister is required with respect to the account, (iv) withdrawals are (B) subject to penalties if made before the events specified in clause (A), and (v) after applying the rules in subsection 277(3) to all similar accounts, annual contributions to the account are limited to 50,000 USD or less or there is a maximum lifetime contribution limit to the account of 1,000,000 USD or less (and an account that otherwise satisfies this requirement will not fail to satisfy this requirement solely because the account may receive assets or funds transferred from one or more accounts that meet the requirements of this paragraph or paragraph (b) or from one or more broad participation retirement funds, narrow participation retirement funds or pension funds of a governmental entity, international organization or central bank); (b) an account that satisfies the following requirements: (i) the account is (A) both (I) subject to regulation as an investment vehicle for purposes other than for retirement, and (II) regularly traded on an established securities market, or (B) subject to regulation as a savings vehicle for purposes other than for retirement, (ii) the account is tax-favoured in that (A) contributions to the account that would otherwise be subject to tax are deductible or excluded from the gross income of the account holder or taxed at a reduced rate, or (B) taxation of investment income within the account is deferred or investment income within the account is taxed at a reduced rate, (iii) withdrawals are (A) conditioned on meeting specific criteria related to the purpose of the investment or savings account (including the provision of educational or medical benefits), or (B) subject to penalties if made before the criteria in clause (A) are met, and (iv) annual contributions are, after applying the rules in subsection 277(3) to all similar accounts, limited to 50,000 USD or less (and an account that otherwise satisfies this requirement will not fail to satisfy this requirement solely because the account may receive assets or funds transferred from one or more accounts that meet the requirements of paragraph (a) or this paragraph or from one or more broad participation retirement funds, narrow participation retirement funds or pension funds of a governmental entity, international organization or central bank); (c) a life insurance contract with a coverage period that ends before the insured individual attains age 90, if the contract satisfies the following requirements: (i) periodic premiums, which do not decrease over time, are payable at least annually until the earlier of (A) the end of the period in which the contract is in existence, and (B) the date that the insured attains age 90, (ii) the contract has no contract value that any person can access (by withdrawal, loan or otherwise) without terminating the contract, (iii) the amount (other than a death benefit) payable upon cancellation or termination of the contract must not exceed the amount determined by the formula A is the aggregate premiums paid for the contract, B is the total of all mortality, morbidity and expense charges (whether or not actually imposed) for the period or periods of the contract’s existence, and C is the total of all amounts paid prior to the cancellation or termination of the contract, and (iv) the contract has not been acquired by a transferee for value; (d) an account held solely by an estate of a deceased individual, if the documentation for the account includes a copy of the will or death certificate of the individual; (e) an account established in connection with any of the following: (i) a court order or judgement, (ii) a sale, exchange or lease of property, if the account satisfies the following requirements: (A) The account is funded (I) solely with a down payment, earnest money, deposit in an amount appropriate to secure an obligation directly related to the transaction or a similar payment, or (II) with a financial asset that is deposited in the account in connection with the sale, exchange or lease of the property, (B) the account is established and used solely to secure the obligation of (I) the purchaser to pay the purchase price for the property, (II) the seller to pay any contingent liability, or (III) the lessor or lessee to pay for any damages relating to the leased property as agreed under the lease, (C) the assets of the account, including the income earned on the account, will be paid or otherwise distributed for the benefit of the purchaser, seller, lessor or lessee (including to satisfy such person’s obligation) when the property is sold, exchanged or surrendered or the lease terminates, (D) the account is not a margin or similar account established in connection with a sale or exchange of a financial asset, and (E) the account is not associated with an account described in paragraph (f), (iii) an obligation of a financial institution servicing a loan secured by real or immovable property to set aside a portion of a payment solely to facilitate the payment of taxes or insurance related to the property at a later time, or
(iv) an obligation of a financial institution solely to facilitate the payment of taxes at a later time; (f) a depository account that satisfies the following requirements: (i) the account exists solely because a customer makes a payment in excess of a balance due with respect to a credit card or other revolving credit facility and the overpayment is not immediately returned to the customer, and (ii) after June 2017, policies and procedures are in effect relating to overpayments (for this purpose, a customer overpayment does not include credit balances to the extent of disputed charges but does include credit balances resulting from merchandise returns) to either (A) prevent a customer from making an overpayment in excess of 50,000 USD, or (B) ensure that any customer overpayment in excess of 50,000 USD is refunded to the customer within 60 days; and exempt collective investment vehicle means an investment entity that is regulated as a collective investment vehicle, provided that all of the interests in the collective investment vehicle are held by or through individuals or entities (other than a passive NFE with a controlling person who is a reportable person) that are not reportable persons. (mécanisme de placement collectif dispensé) financial account means an account maintained by a financial institution, and (a) includes (iii) in the case of an investment entity, any equity or debt interest in the financial institution, except that it does not include any equity or debt interest in an entity that is an investment entity solely because it (A) renders investment advice to, and acts on behalf of, a customer for the purpose of investing, managing or administering financial assets deposited in the name of the customer with a financial institution other than such entity, or (B) manages portfolios for, and acts on behalf of, a customer for the purpose of investing, managing, or administering financial assets deposited in the name of the customer with a financial institution other than such entity, (iv) any equity or debt interest in the financial institution if one of the purposes of establishing the class of interests was to avoid reporting in accordance with section 271, except that it does not include any equity or debt interest in an entity that is an investment entity solely because it meets the conditions described in clauses (iii)(A) or (B), (v) any cash value insurance contract and any annuity contract issued or maintained by a financial institution, other than a non-investment-linked, non-transferable immediate life annuity that is issued to an individual and monetizes a pension or disability benefit provided under an account that is an excluded account, and (vi) an account that is a client name account maintained by a person or entity that is authorized under provincial legislation to engage in the business of dealing in securities or any other financial instruments, or to provide portfolio management or investment advising services; and (b) despite paragraph (a), does not include an excluded account. (compte financier) financial asset (a) includes (i) a security, such as (A) a share of the capital stock of a corporation, (B) an income or capital interest in a widely held or publicly traded trust, or (iv) a swap (such as interest rate swaps, currency swaps, basis swaps, interest rate caps, interest rate floors, commodity swaps, equity swaps, equity index swaps and similar agreements), (v) an insurance contract or annuity contract, and
(vi) any interest (including a futures or forward contract or option) in a security, partnership interest, commodity, swap, insurance contract or annuity contract; and (b) does not include a non-debt, direct interest in real or immovable property. (actif financier) governmental entity means the government of a jurisdiction, any political subdivision of a jurisdiction (which, for greater certainty, includes a state, province, county or municipality), a public body performing a function of government in a jurisdiction or any agency or instrumentality of a jurisdiction wholly owned by one or more of the foregoing, unless it is not an integral part or a controlled entity of a jurisdiction (or a political subdivision of a jurisdiction) and for these purposes (a) an integral part of a jurisdiction means any person, organization, agency, bureau, fund, instrumentality or other body, however designated, that constitutes a governing authority of a jurisdiction and where the net earnings of the governing authority are credited to its own account or to other accounts of the jurisdiction, with no portion inuring to the benefit of any private person, except that an integral part does not include any individual who is a sovereign, official or administrator acting in a private or personal capacity; (b) a controlled entity means an entity that is separate in form from the jurisdiction or that otherwise constitutes a separate juridical entity, provided that (i) the entity is wholly owned and controlled by one or more governmental entities directly or indirectly through one or more controlled entities, (ii) the entity’s net earnings are credited to its own account or to the accounts of one or more governmental entities, with no portion of its income inuring to the benefit of any private person, and (c) for the purposes of paragraphs (a) and (b), (i) income is deemed not to inure to the benefit of private persons if such persons are the intended beneficiaries of a governmental program and the program activities are performed for the general public with respect to the common welfare or relate to the administration of government, and (ii) income is deemed to inure to the benefit of private persons if the income is derived from the use of a governmental entity to conduct a commercial business that provides financial services to private persons. (entité gouvernementale) group annuity contract means an annuity contract under which the obligees are individuals who are associated through an employer, trade association, labour union or other association or group. (contrat de rente de groupe) group cash value insurance contract means a cash value insurance contract that (a) provides coverage on individuals who are associated through an employer, trade association, labour union or other association or group; and (b) charges a premium for each member of the group (or member of a class within the group) that is determined without regard to the individual health characteristics other than age, gender and smoking habits of the member (or class of members) of the group. (contrat d’assurance de groupe avec valeur de rachat) high value account means a preexisting individual account with an aggregate balance or value that exceeds 1 million USD on June 30, 2017 or on December 31 of any subsequent year. (compte de valeur élevée) insurance contract means a contract (other than an annuity contract) under which the issuer agrees to pay an amount upon the occurrence of a specified contingency involving mortality, morbidity, accident, liability or property risk. (contrat d’assurance) international organization means any intergovernmental organization (or wholly owned agency or instrumentality thereof), including a supranational organization (a) that is comprised primarily of governments; (b) that has in effect a headquarters or substantially similar agreement with a jurisdiction; and (c) the income of which does not inure to the benefit of private persons. (organisation internationale) investment entity means any entity (other than an entity that is an active NFE because of any of paragraphs (d) to (g) of that definition) (a) that primarily carries on as a business one or more of the following activities or operations for or on behalf of a customer: (i) trading in money market instruments (such as cheques, bills, certificates of deposit and derivatives), foreign exchange, transferable securities or commodity futures, exchange, interest rate and index instruments, (ii) individual and collective portfolio management, or (iii) otherwise investing, administering or managing financial assets or money on behalf of other persons; or (b) the gross income of which is primarily attributable to investing, reinvesting or trading in financial assets, if the entity is managed by another entity that is a depository institution, a custodial institution, a specified insurance company or an investment entity described in paragraph (a). (entité d’investissement) lower value account means a preexisting individual account with an aggregate balance or value as of June 30, 2017 that does not exceed 1 million USD. (compte de faible valeur) narrow participation retirement fund means a fund that is established to provide retirement, disability or death benefits to beneficiaries who are current or former employees (or persons designated by those employees) of one or more employers in consideration for services rendered, if (a) the fund has fewer than 50 participants; (b) the fund is sponsored by one or more employers that are not investment entities or passive NFEs; (c) the employee and employer contributions to the fund (other than transfers of assets from retirement and pension accounts described in paragraph (a) of the definition excluded account) are limited by reference to the employee’s remuneration; (e) the fund is subject to government regulation and provides information reporting to the Minister. (fonds de retraite à participation étroite) new account means a financial account maintained by a reporting financial institution opened after June 2017. new individual account means a new account held by one or more individuals (other than trusts). (nouveau compte de particulier) (a) in the case of an entity that is resident in Canada, it is not a Canadian financial institution; and non-reporting financial institution means a Canadian financial institution that is (b) a governmental entity or international organization, other than with respect to a payment that is derived from an obligation held in connection with a commercial financial activity of a type engaged in by a specified insurance company, custodial institution or depository institution; (c) a broad participation retirement fund, a narrow participation retirement fund, a pension fund of a governmental entity, international organization or central bank, or a qualified credit card issuer; (e) a trust if a trustee of the trust is a reporting financial institution and reports all information required to be reported under this Part with respect to all reportable accounts of the trust; or participating jurisdiction means (b) each jurisdiction identified as a participating jurisdiction by the Minister on the Internet website of the Canada Revenue Agency or by any other means that the Minister considers appropriate. (juridiction partenaire) participating jurisdiction financial institution means (a) a financial institution that is resident in a participating jurisdiction, but excludes a branch of that financial institution that is located outside a participating jurisdiction; and (b) a branch of a financial institution that is not resident in a participating jurisdiction, if that branch is located in a participating jurisdiction. (institution financière d’une juridiction partenaire) passive NFE means (a) a non-financial entity that is not an active NFE; and (b) an entity that is (i) described in paragraph (b) of the definition investment entity, and (ii) not a participating jurisdiction financial institution. (ENF passive) pension fund of a governmental entity, international organization or central bank means a fund that is established by a governmental entity, international organization or central bank to provide retirement, disability or death benefits to beneficiaries or participants (a) that are current or former employees (or persons designated by those employees); or (b) that are not current or former employees, if the benefits provided to them are in consideration of personal services performed for the governmental entity, international organization or central bank. (fonds de pension désigné) preexisting account means (a) a financial account maintained by a reporting financial institution on June 30, 2017; and (b) a financial account of an account holder (other than a financial account described in paragraph (a)) maintained by a reporting financial institution if (i) the account holder also holds with the reporting financial institution (or with a related entity within Canada) a financial account that is a preexisting account under paragraph (a), (ii) the reporting financial institution (and, as applicable, the related entity within Canada) treats both of the aforementioned financial accounts, and any other financial accounts of the account holder that are preexisting accounts under this paragraph, as a single financial account for the purposes of (A) satisfying the standards and knowledge requirements set forth under this Part, and (B) determining the balance or value of any of the financial accounts, when applying any of the account thresholds, (iii) with respect to a financial account that is subject to AML/KYC procedures, the reporting financial institution is permitted to satisfy those AML/KYC procedures for the financial account by relying upon the AML/KYC procedures performed for the preexisting account described in paragraph (a), and (iv) the opening of the financial account does not require the provision of new, additional or amended customer information by the account holder other than for purposes of this Part. (compte préexistant) preexisting individual account means a preexisting account held by one or more individuals (other than trusts). (compte de particulier préexistant) qualified credit card issuer means a financial institution that satisfies the following requirements: (a) the financial institution is a financial institution solely because it is an issuer of credit cards that accepts deposits only when a customer makes a payment in excess of a balance due with respect to the card and the overpayment is not immediately returned to the customer; and (b) the financial institution has policies and procedures either to prevent a customer from making an overpayment in excess of 50,000 USD or to ensure that any customer overpayment in excess of 50,000 USD is refunded to the customer within 60 days, in each case applying the rules set forth in subsection 277(3) for account aggregation, and, for the purposes of this paragraph, a customer overpayment does not refer to credit balances to the extent of disputed charges but does include credit balances resulting from merchandise returns. (émetteur de carte de crédit déterminé) related entity, in respect of an entity, means an entity if either entity controls the other entity or the two entities are controlled by the same entity or individual (and in the case of two entities that are investment entities described under paragraph (b) of the definition investment entity, the two entities are under common management and such management fulfils the due diligence obligations of the investment entities). For this purpose, control includes direct or indirect ownership of (a) in the case of a corporation, shares of the capital stock of a corporation that (i) give their holders more than 50% of the votes that could be cast at the annual meeting of the shareholders of the corporation, and (ii) have a fair market value of more than 50% of the fair market value of all the issued and outstanding shares of the capital stock of the corporation; (b) in the case of a partnership, an interest as a member of the partnership that entitles the member to more than 50% of (i) the income or loss of the partnership, or (ii) the assets (net of liabilities) of the partnership if it were to cease to exist; and (c) in the case of a trust, an interest as a beneficiary under the trust with a fair market value that is greater than 50% of the fair market value of all interests as a beneficiary under the trust. (entité liée) reportable account means an account that (a) is held by (i) one or more reportable persons, or (ii) by a passive NFE, if one or more controlling persons of the passive NFE is a reportable person; and (b) has been identified as meeting the conditions in paragraph (a) in accordance with the due diligence procedures described in sections 272 to 277. (compte déclarable) reportable jurisdiction person means a natural person or entity that is resident in a reportable jurisdiction under the tax laws of that jurisdiction, or an estate of an individual who was a resident of a reportable jurisdiction under the tax laws of that jurisdiction immediately before
pour une année d’imposition, au titre des frais médicaux visés au paragraphe (2) et qui sont payés ou fournis par un employeur à un moment donné, est considéré comme des frais médicaux payés par le particulier à ce moment; b) des frais ne sont pas considérés comme des frais médicaux dans la mesure où l’une des personnes suivantes a droit à un remboursement à leur titre : (i) le particulier, (ii) l’époux ou conjoint de fait du particulier ou une personne à la charge du particulier (au sens du paragraphe 118(6)), (iii) une personne liée à une personne visée aux sous-alinéas (i) ou (ii), (iv) le représentant légal d’une personne visée à l’un des sous-alinéas (i) à (iii), sauf dans la mesure où le montant du remboursement est à inclure dans le calcul du revenu et n’est pas déductible dans le calcul du revenu imposable. Paiement réputé de frais médicaux
death. For this purpose, an entity that has no residence for tax purposes is deemed to be resident in the jurisdiction in which its place of effective management is situated. (personne d’une juridiction soumise à déclaration) reportable person means a reportable jurisdiction person other than (a) a corporation the stock of which is regularly traded on one or more established securities markets; (b) any corporation that is a related entity of a corporation described in paragraph (a); reporting financial institution means a Canadian financial institution that is not a non-reporting financial institution. (institution financière déclarante) specified insurance company means any entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, cash value insurance contracts or annuity contracts. (compagnie d’assurance particulière) TIN means (a) the number used by the Minister to identify an individual or entity, including (iii) an account number issued to a trust; and (b) in respect of a jurisdiction other than Canada, a taxpayer identification number used in that jurisdiction to identify an individual or entity (or a functional equivalent in the absence of a taxpayer identification number). (NIF)
Dans le cas où une personne dont l’activité est une entreprise de transport n’est pas immédiatement disponible, le particulier qui utilise un véhicule à une fin décrite à l’alinéa (2)g) ou son représentant légal est réputé avoir payé à une telle personne la somme jugée raisonnable dans les circonstances pour le fonctionnement du véhicule. NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les modifications et dispositions d’application pertinentes dans : L.R. (1985), ch. 1 (5e suppl.), art. 118.2; 1991, ch. 49, art. 6; 1994, ch. 7, ann. II, art. 5; 1996, ch. 21, art. 53; 1999, ch. 22, art. 14; 2000, ch. 19, art. 6; 2001, ch. 17, art. 56; 2004, ch. 22, art. 5; 2005, ch. 43, art. 19; 2006, ch. 4, art. 22; 2006, ch. 25, art. 62; 2008, ch. 28, art. 6; 2010, ch. 25, art. 13; 2011, ch. 24, art. 27; 2013, ch. 34, art. 402; 2014, ch. 39, art. 20; 2017, ch. 20, art. 16; 2018, ch. 33, art. 44; 2018, ch. 12, art. 12; 2019, ch. 29, art. 17; 2022, ch. 19, art. 18; 2024, ch. 17, art. 25. Crédit d’impôt pour déficience mentale ou physique
This Part relates to the implementation of the Common Reporting Standard set out in the Standard for Automatic Exchange of Financial Account Information in Tax Matters approved by the Council of the Organisation for Economic Co-operation and Development and, unless the context otherwise requires, the provisions in this Part are to be interpreted consistently with the Common Reporting Standard, as amended from time to time.
a) le particulier a une ou plusieurs déficiences graves et prolongées des fonctions physiques ou mentales; a.1) les effets de la ou des déficiences sont tels que la capacité du particulier d’exécuter plus d’une activité de la vie quotidienne est limitée de façon importante et les effets cumulatifs de ces limitations sont équivalents au fait d’être limité de façon marquée dans (i) is essential to sustain a vital function of the individual, (i) a sight impairment, an optometrist, (iii) a hearing impairment, an audiologist, la capacité d’accomplir une activité courante de la vie quotidienne, ou sont tels que la capacité du particulier d’accomplir une activité courante de la vie quotidienne est limitée de façon marquée ou le serait en l’absence de soins thérapeutiques qui, à la fois : (i) sont essentiels au maintien d’une fonction vitale du particulier, (ii) doivent être administrés au moins deux fois par semaine pendant une durée totale moyenne d’au moins 14 heures par semaine, (iii) selon ce à quoi il est raisonnable de s’attendre, n’ont pas d’effet bénéfique sur des personnes n’ayant pas une telle déficience; a.2) s’il s’agit d’une déficience des fonctions physiques ou mentales dont les effets sont tels que la capacité du particulier d’accomplir une seule activité courante de la vie quotidienne est limitée de façon marquée ou le serait en l’absence de soins thérapeutiques mentionnés à l’alinéa a.1), un médecin, un infirmier praticien ou, dans le cas d’une déficience visuelle, un optométriste, une déficience de la parole, un orthophoniste, une déficience auditive, un audiologiste, une déficience quant à la capacité de s’alimenter ou de s’habiller, un ergothérapeute, une déficience quant à la capacité de marcher, un ergothérapeute ou, après le 22 février 2005, un physiothérapeute, une déficience des fonctions mentales nécessaires aux activités de la vie courante, un psychologue, a.3) s’il s’agit d’une ou de plusieurs déficiences des fonctions physiques ou mentales dont les effets sont tels que la capacité du particulier d’accomplir plus d’une activité courante de la vie quotidienne est limitée de façon importante, l’une des personnes ci-après A × (B + C) where C is (i) $3,500 exceeds exceeds (b) in any other case, zero. atteste, sur le formulaire prescrit, que la ou les déficiences sont des déficiences graves et prolongées dont les effets sont tels que la capacité du particulier d’accomplir plus d’une activité courante de la vie quotidienne est limitée de façon importante et que les effets cumulés de ces limitations sont équivalents au fait d’être limité de façon marquée dans la capacité d’accomplir une seule activité courante de la vie quotidienne : (i) s’il s’agit d’une déficience quant à la capacité de marcher, de s’alimenter ou de s’habiller, un médecin, un infirmier praticien ou un ergothérapeute, (ii) s’il s’agit d’une autre déficience, un médecin ou un infirmier praticien; b) le particulier présente au ministre l’attestation visée aux alinéas a.2) ou a.3) pour une année d’imposition; c) aucun montant représentant soit une rémunération versée à un préposé aux soins du particulier, soit des frais de séjour du particulier dans une maison de santé ou un autre établissement de soins n’est inclus dans le calcul de la déduction en application de l’article 118.2 pour l’année (autrement que par application de l’alinéa 118.2(2)b.1)). Le montant déductible est déterminé selon la formule suivante : A × (B + C) où : A représente le taux de base pour l’année; B 6 000 $; C : a) si le particulier n’a pas atteint l’âge de 18 ans avant la fin de l’année, l’excédent éventuel de 3 500 $ sur l’excédent éventuel, sur 2 050 $, du total des montants représentant chacun un montant payé au cours de l’année pour le soin ou la surveillance du particulier et inclus dans le calcul de la déduction prévue aux articles 63, 64 ou 118.2 pour une année d’imposition, b) dans les autres cas, zéro. Temps consacré aux soins thérapeutiques (1.1) Pour l’application de l’alinéa 118.3(1)a.1), lorsqu’il s’agit d’établir si des soins thérapeutiques sont donnés au moins deux fois par semaine pendant une durée totale (ii) travel time, moyenne d’au moins 14 heures par semaine, le temps consacré à donner les soins est calculé selon les critères suivants : a) n’est compté que le temps consacré aux activités qui obligent le particulier à interrompre ses activités courantes habituelles pour recevoir les soins; b) s’il s’agit de soins : (i) dans le cadre desquels il est nécessaire de déterminer un dosage régulier de médicaments qui doit être ajusté quotidiennement, est compté le temps consacré aux activités directement liées à la détermination de ce dosage, (ii) qui exigent la consommation quotidienne d’une formule médicale ou d’un aliment médical afin de limiter l’apport d’un composé particulier aux niveaux nécessaires au bon développement ou fonctionnement du corps, est compté le temps consacré aux activités qui sont directement liées au calcul de la quantité de composés qui peut être consommée sans danger; c) dans le cas : (i) d’un enfant qui n’est pas en mesure d’accomplir les activités liées aux soins en raison de son âge, est compté le temps que consacre une autre personne à accomplir ou à superviser ces activités pour l’enfant, (ii) d’une personne qui n’est pas en mesure d’accomplir les activités liées aux soins en raison des effets d’une déficience ou de déficiences des fonctions physiques ou mentales, est compté le temps que doit consacrer une autre personne à aider la personne à accomplir ces activités; d) n’est pas compté le temps consacré aux activités suivantes : (i) les activités (sauf celles visées à l’alinéa b)) liées au respect d’un régime ou de restrictions alimentaires ou d’un programme d’exercices, (ii) les déplacements, (iii) les rendez-vous médicaux (sauf les rendez-vous médicaux pour recevoir des soins thérapeutiques ou pour calculer le dosage quotidien de médicaments, d’une formule médicale ou d’un aliment médical), (iv) l’achat de médicaments, Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
For the purposes of the definition investment entity in subsection (1), an entity is considered to be primarily carrying on as a business one or more of the activities described in paragraph (a) of that definition, or an entity’s gross income is primarily attributable to investing, reinvesting or trading in financial assets for the purposes of
Deeming
paragraph (b) of that definition, if the entity’s gross income attributable to the relevant activities equals or exceeds 50% of the entity’s gross income during the shorter of (a) the three-year period that ends at the end of the entity’s last fiscal period, and (b) the period during which the entity has been in existence. Equity or debt interest – deeming rule
Where (B) paragraph (d) of that description where the person is a parent, grandparent, child, grandchild, brother, sister, aunt, uncle, nephew or niece of the individual, or of the individual’s spouse or common-law partner, or (v) la récupération après les soins (sauf la récupération nécessaire du point de vue médical). Présomption (1.2) Malgré le paragraphe (1.1), le particulier atteint de diabète sucré de type 1 est réputé devoir se faire administrer des soins thérapeutiques au moins deux fois par semaine pendant une durée totale moyenne d’au moins 14 heures par semaine. Personne déficiente à charge
In the case of a trust that is a financial institution, (a) an equity interest is deemed to be held by any person treated as a settlor or beneficiary of all or a portion of the trust or any other natural person exercising ultimate effective control over the trust, and (b) a reportable person is treated as a beneficiary of a trust if the reportable person has the right to receive directly or indirectly (such as through a nominee) a mandatory distribution from the trust or may receive, directly or indirectly, a discretionary distribution from the trust. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2016, c. 12, s. 71. General reporting requirements
L’excédent du montant déductible en application du paragraphe (1) dans le calcul de l’impôt payable en vertu de la présente partie pour une année d’imposition par une personne (sauf une personne à l’égard de laquelle l’époux ou le conjoint de fait déduit un montant pour l’année en application des articles 118 ou 118.8) qui réside au Canada à un moment donné de l’année et qui a le droit de déduire un montant pour l’année en application du paragraphe (1) sur l’impôt payable par cette personne en vertu de la présente partie pour l’année calculée avant toute déduction en application de la présente section — à l’exception des articles 118 à 118.7 et 118.7 — est déductible dans le calcul de l’impôt payable par un particulier pour l’année si les conditions suivantes sont remplies : a) d’une part, le particulier demande pour l’année, pour cette personne, une déduction prévue au paragraphe 118(1), soit par application de l’alinéa 118(1)b), soit, si la personne est le père, la mère, le grand-père, la grand-mère, un enfant, un petit-enfant, le frère, la sœur, la tante, l’oncle ou le nièce ou le neveu de lui ou de son époux ou conjoint de fait, par application de l’alinéa 118(1)d), ou aurait pu demander une telle déduction pour l’année si cette personne n’avait eu aucun revenu pour l’année et avait atteint l’âge de 18 ans avant la fin de l’année et, dans le cas de la déduction prévue à l’alinéa 118(1)b), si le particulier n’avait pas été marié ou n’avait pas vécu en union de fait; b) d’autre part, le particulier ou une autre personne n’inclut dans le calcul d’une déduction en application de l’article 118.2 pour l’année aucun montant représentant une rémunération versée à un préposé ou des frais de séjour dans une maison de santé ou de repos, en raison de la déficience mentale ou physique de cette personne (autrement que par application de l’alinéa 118.2(2)b.1)). exceeds [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] S.C. 1985, c. 1 (5th Supp.), s. 118.3; S.C. 1991, c. 49, s. 9; S.C. 1994, c. 7, Sch. II, s. 9; S.C. 1996, c. 21, s. 53; S.C. 1998, c. 19, s. 97; 1999, c. 22, s. 7; S.C. 1999, c. 31, s. 61; S.C. 2000, c. 12, s. 132; 2004, c. 22, s. 17; 2006, c. 7, s. 16; 2006, c. 4, s. 9; 2007, c. 2, s. 22; 2009, c. 31, s. 6; 2011, c. 24, s. 28; 2013, c. 34, s. 259; 2014, c. 20, s. 15; 2017, c. 20, s. 156; 2022, c. 19, s. 6. Nature of impairment Personne déficiente à la charge de plusieurs contribuables
(a) the name, address, jurisdiction of residence, TIN and date of birth (in the case of a natural person) of each reportable person that is an account holder of the account; (b) in the case of any entity that is an account holder of the account and that, after applying the due diligence procedures in sections 275 to 277, is identified as having one or more controlling persons that is a reportable person, (i) the name, address, jurisdiction of residence and TIN of the entity, and (ii) the name, address, jurisdiction of residence, TIN and date of birth of each of those controlling persons;
Dans le cas où plus d’un particulier a le droit de déduire un montant pour une année d’imposition en application du paragraphe (2) pour la même personne, le total des montants ainsi déductibles pour l’année ne peut dépasser le maximum qu’un seul d’entre ces particuliers aurait le droit de déduire pour l’année pour cette personne en application de ce paragraphe; si ces particuliers ne s’entendent pas sur la répartition de ce maximum entre eux, le ministre peut faire cette répartition. Renseignements supplémentaires
(c) the account number (or functional equivalent in the absence of an account number) of the account; (e) the account balance or value (including, in the case of a cash value insurance contract or annuity contract, the cash value or surrender value) (i) at the end of the relevant calendar year or other appropriate reporting period, or (ii) if the account was closed during the relevant calendar year or period, on closure of the account; (i) the total gross amount of interest, the total gross amount of dividends and the total gross amount of other income generated with respect to the assets held in the account, in each case paid or credited to the account (or with respect to the account) during the calendar year or other appropriate reporting period, and (ii) the total gross proceeds from the sale or redemption of financial assets paid or credited to the account during the calendar year or other appropriate reporting period with respect to which the reporting financial institution acted as a custodian, broker, nominee or otherwise as an agent for the account holder; (g) in the case of any depository account, the total gross amount of interest paid or credited to the account during the calendar year or other appropriate reporting period; and (h) in the case of any account not described in paragraph (f) or (g), the total gross amount paid or credited to the account holder with respect to the account during the calendar year or other appropriate reporting period with respect to which the reporting financial institution is the obligor or debtor, including the aggregate amount of any redemption payments made to the account holder during the calendar year or other appropriate reporting period. Currency
Lorsqu’une déduction est demandée en vertu du présent article ou de l’article 118.8 relativement à la déficience d’un particulier, les règles suivantes s’appliquent : a) toute personne visée aux paragraphes (1) ou (2) ou à l’article 118.8 relativement à la demande doit fournir par écrit les renseignements que le ministre demande par écrit concernant la déficience du particulier, ses effets sur lui et, le cas échéant, les soins thérapeutiques mentionnés à l’alinéa (1)a.1) qui doivent être administrés; b) les renseignements ainsi fournis par une personne visée aux alinéas (1)a.2) ou a.3) sont réputés figurer dans une attestation établie en la forme prescrite. [NOTE : Les dispositions d’application ne figurent pas dans le texte consolidé; voir les lois modificatives et les règlements pertinents.] L.R. (1985), ch. 1 (5e suppl.), art. 118.3; L.C. 1991, ch. 49, art. 9; L.C. 1994, ch. 7, ann. II, art. 9; L.C. 1996, ch. 21, art. 53; L.C. 1998, ch. 19, art. 97; 1999, ch. 22, art. 7; L.C. 1999, ch. 31, art. 61; L.C. 2000, ch. 12, art. 132; 2004, ch. 22, art. 17; 2006, ch. 7, art. 16; 2006, ch. 4, art. 9; 2007, ch. 2, art. 22; 2009, ch. 31, art. 6; 2011, ch. 24, art. 28; 2013, ch. 34, art. 259; 2014, ch. 20, art. 15; 2017, ch. 20, art. 156; 2022, ch. 19, art. 6. Déficience grave et prolongée
The information reported must identify the currency in which each amount is denominated. TIN and date of birth
a) une déficience est prolongée si elle dure au moins 12 mois d’affilée ou si elle est raisonnable de s’attendre à ce qu’elle dure au moins 12 mois d’affilée; (i) mental functions necessary for everyday life, (ii) feeding oneself or dressing oneself, (v) eliminating (bowel or bladder functions), or (vi) walking; (ii) concentration, (iii) memory, (iv) judgement, (v) perception of reality, (vii) goal setting, (viii) regulation of behaviour and emotions, (ix) verbal and non-verbal comprehension, and (x) adaptive functioning; Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
With respect to each reportable account that is a pre-existing account, (a) notwithstanding paragraphs (1)(a) and (b), the TIN or date of birth are not required to be reported if the TIN or the date of birth (as appropriate) (i) are not in the records of the reporting financial institution, and (ii) are not otherwise required to be collected by the reporting financial institution under the Act; and (b) a reporting financial institution is required to use reasonable efforts to obtain the TIN and the date of birth with respect to a preexisting account by the end of the second calendar year following the year in which the preexisting account is identified as a reportable account.
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 118.4; 1994, c. 7, Sch. II, s. 91; 1996, c. 21, s. 55; 1997, c. 25, s. 36; 2001, c. 17, s. 97; 2003, c. 15, s. 75; 2006, c. 4, s. 64; 2017, c. 20, s. 17; 2022, c. 10, s. 7.] Impôt sur le revenu
Notwithstanding paragraphs (1)(a) and (b), a TIN of a reportable person is not required to be reported if (a) the relevant reportable jurisdiction does not issue TINs; or (b) the domestic law of the relevant reportable jurisdiction does not require the collection of the TIN issued by such reportable jurisdiction. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2016, c. 12, s. 71. General due diligence rules
The balance or value of an account is determined on the last day of the calendar year or other appropriate reporting period.
For the purpose of determining whether the balance or value of an account exceeds a particular threshold on the last day of a calendar year, the balance or value must be determined on the last day of the last reporting period that ends on or before the end of the calendar year.
d) il est entendu qu’aucune autre activité, y compris le travail, les travaux ménagers et les activités sociales ou récréatives, n’est considérée comme une activité courante de la vie quotidienne; e) le fait de s’alimenter ne comprend pas : (i) les activités qui consistent à identifier, à rechercher, à acheter ou à se procurer autrement des aliments, (ii) l’activité qui consiste à préparer des aliments, dans la mesure où le temps associé à cette activité n’y aurait pas été consacré en l’absence d’une restriction ou d’un régime alimentaire; f) le fait de s’habiller ne comprend pas les activités qui consistent à identifier, à rechercher, à acheter ou à se procurer autrement des vêtements. Professionnels de la santé titulaires d’un permis d’exercice
A reporting financial institution may use service providers to fulfil its reporting and due diligence obligations imposed, but these obligations shall remain the responsibility of the reporting financial institution.
Tout audiologiste, dentiste, ergothérapeute, infirmier, infirmier praticien, médecin, médecin en titre, optométriste, orthophoniste, pharmacien, physiothérapeute ou psychologue visé aux articles 63, 64, 118.2, 118.3 et 118.6 doit être autorisé à exercer sa profession : a) par la législation applicable là où il rend ses services, s’il est question de services; b) s’il doit délivrer une attestation concernant un particulier, soit par la législation applicable là où le particulier réside, soit par la législation provinciale applicable; c) s’il doit délivrer une ordonnance pour des biens à fournir à un particulier ou destinés à être utilisés par un particulier, soit par la législation applicable là où le particulier réside, soit par la législation provinciale applicable, soit enfin par la législation applicable là où les biens sont fournis. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés : L.R. (5e suppl.), ch. 1, art. 118.4; 1994, ch. 7, ann. II, art. 91; 1996, ch. 21, art. 55; 1997, ch. 25, art. 36; 2001, ch. 17, art. 97; 2003, ch. 15, art. 75; 2006, ch. 4, art. 64; 2017, ch. 20, art. 17; 2022, ch. 10, art. 7.] remboursement ou une autre forme d’aide aux termes d’un programme de Sa Majesté du chef du Canada ou d’une province, destiné à faciliter l’entrée ou le retour de travailleurs sur le marché du travail, si le montant du remboursement ou de l’aide n’est pas inclus dans le calcul du revenu du particulier, (iv) soit qui font partie d’une allocation que son père ou sa mère a reçue pour son compte d’un employeur et ne sont pas inclus dans le calcul du revenu de son père ou de sa mère par application du sous-alinéa 6(1)b)(ix), (v) soit qui sont payés pour le compte du particulier, ou sont des frais pour lesquels il a ou avait droit à un remboursement, dans le cadre d’un programme de Sa Majesté du chef du Canada d’aide aux athlètes, à condition que le paiement ou le montant du remboursement ne soit pas inclus dans le calcul du revenu du particulier; b) si, au cours de l’année, le particulier fréquente comme étudiant à plein temps une université située à l’étranger, où il suit des cours conduisant à un diplôme, le produit obtenu en multipliant le taux de base pour l’année par le total des frais de scolarité payés à l’université pour l’année, à l’exception des frais qui ont été : (i) soit payés pour des cours d’une durée inférieure à trois semaines consécutives, (ii) soit payés pour son compte par son employeur, dans la mesure où ils ne sont pas inclus dans le calcul de son revenu, (iii) soit payés pour son compte par l’employeur de son père ou de sa mère, dans la mesure où ces frais ne sont pas inclus dans le calcul du revenu de son père ou de sa mère par application du sous-alinéa 6(1)b)(ix); c) si, tout au long de l’année, le particulier réside au Canada près de la frontière entre le Canada et les États-Unis et si : (i) d’une part, il est inscrit à un moment de l’année à un établissement d’enseignement situé aux États-Unis — université, collège ou autre — offrant des cours de niveau postsecondaire, (ii) d’autre part, il fait régulièrement la navette entre sa résidence et cet établissement, Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
A reporting financial institution may, either with respect to all preexisting accounts or, separately, with respect to any clearly identified group of those accounts, apply the due diligence procedures (a) for new accounts to preexisting accounts (with the other rules for preexisting accounts continuing to apply); and (b) for high value accounts to lower value accounts.
Minimum amount Impôt sur le revenu
Every reporting financial institution shall establish, maintain and document the due diligence procedures set out in this section and sections 273 to 277. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2016, c. 12, s. 71. Due diligence for preexisting individual accounts
The following review procedures apply with respect to lower value accounts that are preexisting individual accounts: (a) if the reporting financial institution has in its records the address of the individual account holder’s current residence (in this section, their current residence address) based on documentary evidence, the reporting financial institution may treat the individual account holder as being a resident for tax purposes of the jurisdiction in which the address is located for purposes of determining whether the individual account holder is a reportable person; (b) if the reporting financial institution does not rely on a current residence address for the individual account holder based on documentary evidence as described in paragraph (a), the reporting financial institution must review electronically searchable data maintained by the reporting financial institution for any of the following indicia and apply paragraphs (c) to (f): (i) identification of the account holder as a resident of a reportable jurisdiction, (ii) current mailing or residence address (including post office box) in a reportable jurisdiction, (iii) one or more telephone numbers in a reportable jurisdiction and no telephone number in the jurisdiction of the reporting financial institution, (iv) standing instructions (other than with respect to a depository account) to transfer funds to an account maintained in a reportable jurisdiction, (v) current effective power of attorney or signatory authority granted to a person with an address in a reportable jurisdiction, and (vi) a hold mail instruction or in-care-of address in a reportable jurisdiction if the reporting financial institution does not have any other address on file for the account holder; (c) if none of the indicia listed in paragraph (b) are discovered in the electronic search, then no further review is required until the earlier of (i) a change in circumstances that results in one or more of the indicia referred to in paragraph (b) being associated with the account, and (ii) the account becoming a high value account; (d) if any of the indicia listed in subparagraphs (b)(i) to (v) are discovered in the electronic search or if there is a change in circumstances that results in one or more of the indicia in paragraph (b) being associated with the account, then the reporting financial institution must treat the account holder as a resident for tax purposes of each reportable jurisdiction for which an indicium is identified, unless one of the exceptions in paragraph (f) applies with respect to that account; (e) if a hold mail instruction or in-care-of address in a reportable jurisdiction is discovered in the electronic search and no other address and none of the other indicia listed in subparagraphs (b)(i) to (v) are identified for the account holder, then (i) the reporting financial institution must do one (if the relevant information is obtained) or both (in the order most appropriate to the circumstances) of the following: (A) apply the paper record search described in paragraph (3)(b), and (B) seek to obtain from the account holder a self-certification or documentary evidence to establish the residence for tax purposes of the account holder, and (ii) if the paper record search referred to in clause (i)(A) fails to establish an indicium and the attempt to obtain the self-certification or documentary evidence referred to in clause (i)(B) is not successful, then the reporting financial institution must report the account as an undocumented account; and (f) notwithstanding the discovery of indicia under paragraph (b), a reporting financial institution is not required to treat an account holder as a resident of a reportable jurisdiction if (i) both (A) the account holder information contains (I) a current mailing or residence address in the reportable jurisdiction, (II) one or more telephone numbers in the reportable jurisdiction (and no telephone number in the jurisdiction of the reporting financial institution), or (III) standing instructions (with respect to financial accounts other than depository accounts) to transfer funds to an account maintained in a reportable jurisdiction, and (B) the reporting financial institution obtains, or has previously reviewed and currently maintains a record of, (I) a self-certification from the account holder of the jurisdictions of residence of the account holder that does not include the reportable jurisdiction, and (II) documentary evidence establishing the account holder’s non-reportable status in relation to that jurisdiction, or (ii) both (A) the account holder information contains a currently effective power of attorney or signatory authority granted to a person with an address in the reportable jurisdiction, and (B) the reporting financial institution obtains, or has previously reviewed and currently maintains a record of, (I) a self-certification from the account holder of the jurisdictions of residence of the account holder that does not include the reportable jurisdiction, or (II) documentary evidence establishing the account holder’s non-reportable status in relation to that jurisdiction. Enhanced review procedure – high value accounts
The following enhanced review procedures apply with respect to high value accounts that are preexisting individual accounts: (a) the reporting financial institution must review electronically searchable data maintained by the reporting financial institution for any of the indicia described in paragraph (2)(b); (b) subject to paragraph (c), the reporting financial institution must review for any of the indicia described in paragraph (2)(b) (i) the current customer master file, and (ii) the following documents associated with the account, and obtained by the reporting financial institution within the last five years, to the extent that they are not contained in the current customer master file: (A) the most recent documentary evidence collected with respect to the account, (B) the most recent account opening contract or documentation, (C) the most recent documentation obtained by the reporting financial institution in accordance with AML/KYC procedures or for other regulatory purposes, (D) any power of attorney or signature authority forms currently in effect, and (E) any standing instructions (other than with respect to a depository account) to transfer funds currently in effect; (c) a reporting financial institution is not required to perform the paper record search described in paragraph (b) to the extent that the reporting financial institution’s electronically searchable information includes the following: (ii) the account holder’s residence address and mailing address currently on file with the reporting financial institution, (iii) the account holder’s telephone number currently on file, if any, with the reporting financial institution, (iv) in the case of financial accounts other than depository accounts, whether there are standing instructions to transfer funds in the account to another account (including an account at another branch of the reporting financial institution or at another financial institution), (v) whether there is a hold mail instruction or current in-care-of address for the account holder, and (vi) whether there is any power of attorney or signature authority for the account; (d) in addition to the electronic and paper record searches described in paragraphs (a) to (c), the reporting financial institution must treat as a reportable account any high value account assigned to a relationship manager (including any financial accounts aggregated with that high value account under section
le produit de la multiplication du taux de base pour l’année par le total des frais de scolarité payés à l’établissement pour l’année si ces frais dépassent 100 $ et à l’exception des frais : (iii) soit qui ont été payés pour son compte par son employeur et ne sont pas inclus dans le calcul de son revenu, (iv) soit qui font partie d’une allocation que son père ou sa mère a reçue pour son compte d’un employeur et ne sont pas inclus dans le calcul du revenu de son père ou de sa mère par application du sous-alinéa 6(1)b)(ix); d) sous réserve de paragraphe (1.1), si le particulier a passé au cours de l’année un examen (appelé « examen professionnel » au présent article) qui est nécessaire à l’obtention d’un statut professionnel reconnu sous le régime d’une loi fédérale ou provinciale ou à l’obtention d’un permis ou d’une qualification pour exercer un métier, dans le cas où ce statut, ce permis ou cette qualification permet au particulier d’exercer la profession ou le métier au Canada, une somme égale au résultat de la multiplication du taux de base pour l’année par les frais relatifs à l’examen professionnel payés à un établissement d’enseignement visé à l’alinéa a), une association professionnelle, à un ministère provincial ou à une institution semblable, à l’exception des frais d’examen professionnel : (i) soit qui sont payés pour le compte du particulier, ou lui sont remboursés, par son employeur, dans le cas où la somme payée ou remboursée n’est pas incluse dans son revenu, (ii) soit qui sont des frais au titre desquels le particulier a ou avait droit à un remboursement ou une forme d’aide dans le cadre d’un programme de Sa Majesté du chef du Canada ou d’une province destiné à faciliter l’entrée ou le retour de travailleurs sur le marché du travail, dans le cas où le montant du remboursement ou de l’aide n’est pas inclus dans le calcul du revenu du particulier. Montant minimal (1.1) Une somme n’est déduite par un particulier pour une année d’imposition en application des alinéas (1)a) ou d) au titre de frais payés à un établissement d’enseignement donné ou à une institution donnée que si le total des frais visés à ces alinéas et payés pour l’année par le particulier à l’établissement ou à l’institution dépasse 100 $. A × B where (a) to an educational institution referred to in subparagraph 118.5(1)(a)(i), and Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
277) if the relationship manager has actual knowledge that the account holder is a reportable person; (e) with respect to the enhanced review of high value accounts described in paragraphs (a) to (d), (i) if none of the indicia listed in paragraph (2)(b) are discovered in the enhanced review and the account is not identified as being held by a reportable person in paragraph (d), then further action is not required until there is a change in circumstances that results in one or more indicia being associated with the account, (ii) if any of the indicia listed in subparagraphs (2)(b)(i) through (v) are discovered in the enhanced review, or if there is a subsequent change in circumstances that results in one or more indicia being associated with the account, then the reporting financial institution must treat the account as a reportable account with respect to each reportable jurisdiction for which an indicium is identified unless one of the exceptions in paragraph (2)(f) applies with respect to that account, and (iii) if a hold mail instruction or in-care-of address is discovered in the enhanced review and no other address or other indicia listed in subparagraphs (2)(b)(i) to (v) are identified for the account holder, then the reporting financial institution must (A) obtain from the account holder a self-certification or documentary evidence to establish the residence for tax purposes of the account holder, and (B) if the reporting financial institution cannot obtain a self-certification or documentary evidence, report the account as an undocumented account; (f) if a preexisting individual account is not a high value account on June 30, 2017, but becomes a high value account as of the last day of a subsequent calendar year, (i) the reporting financial institution must complete the enhanced review procedures described in this subsection with respect to the account within the calendar year following the year in which the account becomes a high value account, and (ii) if the account is identified as a reportable account based on the review in subparagraph (i), the reporting financial institution must report the required information about the account with respect to the year in which it is identified as a reportable account. account (and subsequent years on an annual basis, unless the account holder ceases to be a reportable person); (g) if a reporting financial institution applies the enhanced review procedures described in this subsection to a high value account in a year, then the reporting financial institution is not required to reapply those procedures — other than the relationship manager inquiry described in paragraph (d) — to the same high value account in any subsequent year unless the account is undocumented, in which case the reporting financial institution must re-apply them annually until the account ceases to be undocumented; (h) if there is a change of circumstances with respect to a high value account that results in one or more indicia described in paragraph (2)(b) being associated with the account, then the reporting financial institution must treat the account as a reportable account with respect to each reportable jurisdiction for which an indicium is identified unless one of the exceptions in paragraph (2)(f) applies with respect to that account; and (i) a reporting financial institution must implement procedures to ensure that a relationship manager identifies any change in circumstances of an account.
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 118.5; 1994, c. 7, Sch. II, s. 92; S.C. 1996, c. 21, s. 54; 1996, c. 11, s. 95; 1998, c. 19, s. 236; 2006, c. 34, s. 82; 2011, c. 24, s. 29; 2013, c. 34, s. 251; c. 40, ss. 50, 238; 2017, c. 20, s. 18; 2019, c. 29, s. 18. Definitions Impôt sur le revenu
Each preexisting individual account must be reviewed in accordance with subsection (2) or (3) before (a) 2019, if the account is a high value account; or (b) 2020, if the account is a lower value account. Reportable preexisting individual accounts
Any preexisting individual account that has been identified as a reportable account under this section must be treated as a reportable account in all subsequent
years, unless the account holder ceases to be a reportable person. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2016, c. 12, s. 71.
(a) determine the account holder’s residence for tax purposes; and (b) confirm the reasonableness of the self-certification taking into account information obtained by the reporting financial institution in connection with the opening of the account, including any documentation collected in accordance with the AML/KYC procedures.
d) toute somme payée pour une année d’imposition au titre de frais d’examen professionnel, dans la mesure où le total pour l’année de telles sommes payées au titre des frais d’examen du particulier dépasse 250 $. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 118.5; 1994, ch. 7, ann. II, art. 92; L.C. 1996, ch. 21, art. 54; 1996, ch. 11, art. 95; 1998, ch. 19, art. 236; 2006, ch. 34, art. 82; 2011, ch. 24, art. 29; 2013, ch. 34, art. 251; ch. 40, art. 50 et 238; 2017, ch. 20, art. 18; 2019, ch. 29, art. 18. Définitions
If the self-certification for a new individual account establishes that the account holder is resident for tax purposes in a reportable jurisdiction, then (a) the reporting financial institution must treat the account as a reportable account; and (b) the self-certification must also include the account holder’s TIN with respect to the reportable jurisdiction (subject to subsection 271(4)) and the account holder’s date of birth. Requirement to obtain new self-certification
établissement d’enseignement agréé a) Un des établissements d’enseignement suivants situés au Canada : (i) université, collège ou autre établissement d’enseignement agréé soit par le lieutenant-gouverneur en conseil d’une province en tant qu’établissement d’enseignement agréé pour l’application de la Loi fédérale sur l’aide financière aux étudiants, soit par une autorité compétente en application de la Loi fédérale sur l’aide financière aux étudiants, ou désigné, pour l’application de la Loi sur l’aide financière aux études, L.R.Q., ch. A-13.3, par le ministre de la province de Québec chargé de l’application de cette loi, (ii) établissement d’enseignement reconnu par le ministre de l’Emploi et du Développement social comme offrant des cours — sauf les cours menant à l’obtention de crédits universitaires — qui visent à donner ou augmenter la compétence nécessaire à l’exercice d’une activité professionnelle; b) université située à l’étranger, où le particulier mentionné à la définition de étudiant admissible à ce paragraphe est inscrit à des cours d’une durée minimale de trois semaines consécutives qui conduisent à un diplôme; c) établissement d’enseignement situé aux États-Unis — université, collège ou autre établissement offrant des cours de niveau postsecondaire —, tout au long de l’année mentionnée à la définition d’étudiant admissible à ce paragraphe, le particulier mentionné à cette définition réside au Canada près de la frontière entre le Canada et les États-Unis et qu’il fasse régulièrement la navette entre sa résidence et cet établissement. (designated educational institution) (a) in the month, étudiant admissible Est un étudiant admissible pour un mois d’une année d’imposition, le particulier qui, à la fois : a) au cours du mois : (i) soit est inscrit à un programme de formation admissible comme étudiant à temps plein d’un établissement d’enseignement agréé, (ii) soit n’est pas visé au sous-alinéa (i) et est inscrit à un programme de formation déterminé d’un établissement d’enseignement agréé exige que chaque étudiant du programme y consacre au moins douze heures au cours du mois; b) sur demande du ministre, atteste l’inscription au moyen d’un certificat qui est délivré par l’établissement sur le formulaire prescrit contenant les renseignements prescrits et qu’il présente au ministre; c) s’agissant d’un particulier qui est inscrit à un programme (autre qu’un programme de niveau postsecondaire) d’un établissement d’enseignement agréé visé au sous-alinéa a)(ii) de la définition de établissement d’enseignement agréé, est inscrit à un programme de niveau postsecondaire. (qualifying student) programme de formation admissible Programme d’une durée minimale de trois semaines consécutives, aux cours ou aux travaux duquel l’étudiant doit consacrer dix heures par semaine au moins, et qui, s’il s’agit d’un programme d’un établissement visé à la définition de établissement d’enseignement agréé (autre qu’un établissement visé au sous-alinéa a)(ii) de cette définition), est un programme qui ne consiste pas principalement à faire de la recherche, à moins qu’il ne mène à un diplôme décerné par un collège ou un collège d’enseignement général et professionnel ou à un baccalauréat, une maîtrise ou un doctorat ou à un grade équivalent. En ce qui a trait au programme au titre des frais duquel l’étudiant reçoit Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
If there is a change in circumstances with respect to a new individual account that causes the reporting financial institution to know, or have reason to know, that the original self-certification is incorrect or unreliable, then the reporting financial institution (a) cannot rely on the original self-certification; and (b) must obtain a valid self-certification that establishes the residence for tax purposes of the account holder. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2016, c. 12, s. 71.
accounts or, separately, with respect to any clearly identified group of those accounts — a preexisting entity account with an aggregate account balance or value that does not exceed 250,000 USD on June 30, 2017 is not required to be reviewed, identified or reported as a reportable account until the aggregate account balance or value exceeds 250,000 USD on the last day of any subsequent calendar year.
and (2.1) [Repealed, 2016, c. 7, s. 16] Impôt sur le revenu
The review procedures set forth in subsection (4) apply to a preexisting entity account if it has an aggregate account balance or value that exceeds 250,000 USD on (a) June 30, 2017; or (b) the last day of any subsequent calendar year.
With respect to preexisting entity accounts described in subsection (2), the only accounts that shall be treated as reportable accounts are accounts that are held by (a) one or more entities that are reportable persons; or (b) passive NFEs with one or more controlling persons who are reportable persons.
If this subsection applies to a preexisting entity account, a reporting financial institution must apply the following review procedures to determine whether the account is held by one or more reportable persons or by passive NFEs with one or more controlling persons who are reportable persons: (a) review information maintained for regulatory or customer relationship purposes (including information collected in accordance with AML/KYC procedures) to determine whether the information indicates that the account holder is resident in a reportable jurisdiction and, if so, the reporting financial institution must treat the account as a reportable account unless it (i) obtains a self-certification from the account holder to establish that the account holder is not a reportable person, or (ii) reasonably determines, based on information in its possession or that is publicly available, that the account holder is not a reportable person; and (b) with respect to an account holder of a preexisting account (including an entity that is a reportable person), the reporting financial institution must determine whether the account holder is a passive NFE with one or more controlling persons who are reportable persons and for the purposes of (i) determining whether the account holder is a passive NFE, the reporting financial institution must obtain a self-certification from the account holder to establish its status, unless it has information in its possession or information is publicly available, based on which it can reasonably determine that the account holder is (B) a financial institution other than an entity described in paragraph (b) of the definition investment entity that is not a participating jurisdiction financial institution, (ii) determining the controlling persons of an account holder, a reporting financial institution may rely on information collected and maintained in accordance with AML/KYC procedures, and (iii) determining whether a controlling person of a passive NFE is a reportable person, a reporting financial institution may rely on (A) information collected and maintained in accordance with AML/KYC procedures in the case of a preexisting entity account held by one or more NFEs with an aggregate account balance or value that does not exceed 1 million USD, or (B) a self-certification from the account holder or the controlling person indicating the jurisdiction in which the controlling person is resident for tax purposes.
Each preexisting entity account must be reviewed in accordance with subsection (4) before (a) 2020, if the account has an aggregate account balance or value that exceeds 250,000 USD on June 30, 2017; or (b) the end of the calendar year following the year in which the aggregate account balance or value exceeds 250,000 USD on December 31, if paragraph (a) does not apply.
d’une personne avec laquelle il n’a aucun lien de dépendance une allocation, un avantage, une subvention ou un remboursement, qui n’est : a) ni une somme reçue au titre d’une bourse d’études, d’une bourse de perfectionnement (fellowship) ou d’une récompense couronnant une œuvre remarquable réalisée dans le cours d’une activité habituelle; b) ni un avantage reçu en raison d’un prêt consenti à l’étudiant conformément à la Loi fédérale sur les prêts aux étudiants, à la Loi sur les prêts aux apprentis ou à la Loi sur l’aide financière aux études, L.R.Q., c. A-13.3, ou en raison d’une aide financière consentie à l’étudiant conformément à la Loi fédérale sur l’aide financière aux étudiants; c) ni une somme que l’étudiant reçoit au cours de l’année dans le cadre d’un programme mentionné aux sous-alinéas 56(1)(n)(ii) ou (iii), d’un programme établi sous le régime de la Loi sur le ministère de l’Emploi et de la Solidarité sociale ou d’un programme d’aide à l’emploi. (qualifying educational program) programme de formation déterminé Programme qui serait un programme de formation admissible s’il était fait abstraction des mots « qui prévoit que chaque étudiant qui suit le programme consacre au moins 10 heures par semaine aux cours ou aux travaux du programme » dans la définition de programme de formation admissible. (specified educational program)
If there is a change of circumstances with respect to a preexisting entity account that causes the reporting financial institution to know, or have reason to know, that the self-certification or other documentation associated with the account is incorrect or unreliable, the reporting financial institution must redetermine the status of the account in accordance with subsection (4). (NOTE: Application provisions are not included in this consolidated text; see relevant amending Acts and regulations.) 2016, c. 12, s. 71.
et (2.1) [Abrogés, 2016, ch. 7, art. 16] Étudiants admissibles au crédit d’impôt pour personnes handicapées
(a) the reporting financial institution must (i) obtain a self-certification (which may be part of the account opening documentation) that allows the reporting financial institution to determine the account holder’s residence for tax purposes and confirm the reasonableness of the self-certification based on the information obtained by the reporting financial institution in connection with the opening of the account, including any documentation collected in accordance with AML/KYC procedures, and (ii) if the self-certification referred to in subparagraph (i) indicates that the account holder is resident in a reportable jurisdiction, treat the account as a reportable account unless it reasonably determines, based on information in its possession or information that is publicly available, that the account holder is not a reportable person with respect to the reportable jurisdiction; and (b) with respect to an account holder of a new entity account (including an entity that is a reportable person), the reporting financial institution must determine whether the account holder is a passive NFE with one or more controlling persons who are reportable persons and, if so, treat the account as a reportable account and, for the purposes of (i) determining whether the account holder is a passive NFE, the reporting financial institution must obtain a self-certification from the account holder to establish its status, unless it has information in its possession or information is publicly available, based on which it can reasonably determine that the account holder is (B) a financial institution other than an entity that (I) is an investment entity because of paragraph (b) of that definition, and (II) is not a participating jurisdiction financial institution, (ii) determining the controlling persons of an account holder, a reporting financial institution may rely on information collected and maintained in accordance with AML/KYC procedures, and (iii) determining whether a controlling person of a passive NFE is a reportable person, a reporting financial institution may rely on a self-certification from the account holder or the controlling person. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2016, c. 12, s. 71.
Pour l’application du sous-alinéa (a)(i) de la définition de étudiant admissible au paragraphe (1), la mention « étudiant à temps plein » vaut mention de « étudiant » si, selon le cas : a) un montant est déductible en application de l’article 118.3 relativement au particulier pour l’année; b) le particulier a, au cours de l’année, une déficience mentale ou physique dont les effets, selon l’attestation écrite d’une des personnes ci-après, sont tels qu’il ne serait vraisemblable de s’attendre à ce que le particulier puisse être inscrit comme étudiant à temps plein qu’à cette déficience : (i) un médecin en titre ou un infirmier praticien, (ii) s’il s’agit d’une déficience visuelle, un médecin en titre, un infirmier praticien ou un optométriste, [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 118.6; 1994, c. 7, Sch. II, s. 59; S.C. 1995, c. 3, s. 18; 1996, c. 21, s. 51; 1997, c. 25, s. 78; 1999, c. 22, s. 15; 1999, c. 22, s. 37; 2001, c. 17, s. 28; 2002, c. 9, s. 38; 2002, c. 19, s. 25; 2005, c. 38, s. 80; 2007, c. 2, s. 8; 2013, c. 34, s. 409; 2013, c. 34, s. 252; c. 40, ss. 236, 238; 2016, c. 7, s. 15; 2021, c. 19, s. 33, c. 45. A + (B - C) - (D + E) where Deduction of carryforward
Exception — individual beneficiary receiving death benefit
[Repealed, 2007, c. 2, s. 24] Change of appropriate percentage A/B × C where [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1996, c. 21, s. 8; 2000, c. 12, s. 142; 2001, c. 17, s. 59; 2006, c. 4, s. 56; 2007, c. 2, s. 24; 2009, c. 31, s. 6; 2011, c. 24, s. 3; 2014, c. 20, s. 12; 2016, c. 17, s. 17. A × B where Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
A reporting financial institution may presume that an individual beneficiary (other than the owner) of a cash value insurance contract or an annuity contract receiving a death benefit is not a reportable person and may treat the financial account as other than a reportable account unless it has actual knowledge, or reason to know, that the beneficiary is a reportable person. Aggregation rules (a) determining the aggregate balance or value of financial accounts held by an individual or entity, (i) a reporting financial institution is required to aggregate all financial accounts maintained by the reporting financial institution, or by a related entity, but only to the extent that the reporting financial institution’s computerized systems (A) link the financial accounts by reference to a data element such as a client number or TIN, and (ii) each holder of a jointly held financial account shall be attributed the entire balance or value of the jointly held financial account; and (b) determining the aggregate balance or value of financial accounts held by an individual in order to determine whether a financial account is a high value account, a reporting financial institution is also required — in the case of any financial accounts that a relationship manager knows, or has reason to know, are directly or indirectly owned, controlled or established (other than in a fiduciary capacity) by the same individual — to aggregate all such accounts. (a) applies to a reporting financial institution in respect of a client name account maintained by the institution if (i) property recorded in the account is also recorded in a financial account (in this subsection and subsection (5) referred to as the related account) maintained by a financial institution (in this subsection and subsection (5) referred to as the dealer) that is authorized under provincial legislation (A) to engage in the business of dealing in securities or any other financial instrument, or (B) to provide portfolio management or investment advising services, and (ii) the dealer has advised the institution whether the related account is a reportable account; and (b) does not apply, despite paragraph (a), if it can reasonably be concluded by the institution that the dealer has failed to comply with its obligations under this Part.
A × B where Impôt sur le revenu
If this subsection applies to a reporting financial institution in respect of a client name account, (a) sections 272 to 276 do not apply to the institution in respect of the account; and (b) the institution shall rely on the determination of the dealer in respect of the related account in determining whether the account is a reportable account. Group insurance and annuities
A reporting financial institution may treat a financial account that is a member’s interest in a group cash value insurance contract or group annuity contract as a financial account that is not a reportable account until the day on which an amount becomes payable to the employee, certificate holder or beneficiary, if the financial account meets the following requirements: (a) the group cash value insurance contract or group annuity contract is issued to an employer and covers 25 or more employees or certificate holders; (b) the employees or certificate holders are entitled to (i) receive any contract value related to their interest, and (c) the aggregate amount payable to any employee or certificate holder or beneficiary does not exceed 1 million USD. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2016, c. 12, s. 71. Reporting
The information return required under subsection (1) shall be filed by way of electronic filing. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2016, c. 12, s. 71. Record keeping
B le total des montants (sauf un montant versé en paiement intégral ou partiel d’un jugement) représentant chacun un montant d’intérêt payé au cours de l’année (ou d’une des cinq années d’imposition précédentes postérieures à 1997, dans la mesure où il n’a pas été inclus, pour une autre année d’imposition, dans le calcul de la déduction prévue par le présent article) par le particulier ou une personne qui lui est liée sur un prêt consenti au particulier, ou sur tout autre montant dont il est débiteur, en vertu de la Loi fédérale sur l’aide financière aux étudiants, de la Loi sur les prêts aux apprentis ou d’une loi provinciale régissant l’octroi d’aide financière aux étudiants de niveau postsecondaire. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent texte consolidé; voir les lois et règlements modificatifs appropriés.] 1999, ch. 22, art. 38; 2014, ch. 39, art. 35. Crédit pour cotisations à l’AE, au RQAP et au RPC
A × B où : A représente le taux de base pour l’année; B le total des sommes suivantes : a) le total des sommes représentant chacune une somme à payer par le particulier à titre de cotisation ouvrière ou de cotisation de travailleur indépendant pour l’année en application de la Loi sur l’assurance-emploi, jusqu’à concurrence du maximum à payer par lui à ce titre pour l’année en application de cette loi, a.1) le total des sommes représentant chacune une somme à payer par le particulier à titre de cotisation d’employé pour l’année en application de la Loi sur l’assurance parentale, L.R.Q., ch. A-29.011, jusqu’à concurrence du maximum à payer par lui à ce titre pour l’année en application de cette loi, a.2) l’excédent du total des sommes représentant chacune une somme à payer par le particulier à titre de cotisation en application de la Loi sur l’assurance parentale, L.R.Q., ch. A-29.011, sur les gains provenant d’un travail qu’il exécute pour son propre compte (jusqu’à concurrence du maximum à payer par lui à ce titre pour l’année en application de cette loi) sur la somme déductible en exceeds [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 118.7; 1996, c. 23, par. 187(b); 2001, c. 17, s. 100; 2013, c. 34, s. 253; 2016, c. 14, s. 68. A + B - C where application de l’alinéa 60g) dans le calcul de son revenu pour l’année, b) le total des sommes représentant chacune une somme à payer par le particulier pour l’année à titre de cotisation d’employé en application du paragraphe 8(1) du Régime de pensions du Canada ou à titre de semblable cotisation en application d’un régime provincial de pensions, au sens de l’article 3 de cette loi, jusqu’à concurrence du maximum à payer par lui à ce titre pour l’année en application du régime, c) l’excédent de la somme visée au sous-alinéa (i) sur celle visée au sous-alinéa (ii) : (i) le total des sommes représentant chacune une somme à payer par le particulier pour l’année à titre de cotisation en application du Régime de pensions du Canada ou d’un régime provincial de pensions, au sens de l’article 3 de cette loi, sur les gains provenant d’un travail qu’il exécute pour son propre compte, jusqu’à concurrence du maximum à payer par lui à ce titre pour l’année en application du régime, (ii) la somme déductible en application de l’alinéa 60e) dans le calcul du revenu du particulier pour l’année. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 118.7; 1996, ch. 23, par. 187b); 2001, ch. 17, art. 100; 2013, ch. 34, art. 253; 2016, ch. 14, art. 68. Transfert à l’époux ou au conjoint de fait de certains crédits d’impôt inutilisés
Every reporting financial institution required by this Part to keep records that does so electronically shall retain them in an electronically readable format for the retention period referred to in subsection (3).
A + B - C où : A représente le crédit d’impôt pour frais de scolarité transféré au particulier pour l’année par son époux ou conjoint de fait; B le total des montants dont chacun est déductible en application du paragraphe 118(1), par application de l’alinéa b.1), ou des paragraphes 118(2) ou (3) ou 118.3(1) dans le calcul de l’impôt à payer par l’époux ou le conjoint de fait en vertu de la présente partie pour l’année; Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals Sections 118.8-118.81 exceeds (b) the lesser of [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 118.8; 1988, c. 17, s. 64; Sch. VII, s. 96; 1997, c. 25, s. 29; 1998, c. 19, s. 29; 1999, c. 22, s. 39; 2000, c. 12, ss. 134, 142; c. 19, s. 26; 2007, c. 2, s. 25; c. 29, s. 10; 2009, c. 31, s. 7; 2011, c. 24, s. 32; 2014, c. 20, s. 40; c. 13, 2016, c. 7, s. 18. A - B where C × D where Impôt sur le revenu
Every reporting financial institution that is required to keep, obtain or create records under this Part shall retain those records for a period of at least six years following (a) in the case of a self-certification, the last day on which a related financial account is open; and (b) in any other case, the end of the last calendar year in respect of which the record is relevant. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2016, c. 12, s. 71. Anti-avoidance
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2016, c. 12, s. 71.
Confidentiality of TIN
A person required to make an information return referred to in subsection (1) shall not knowingly use, communicate or allow to be communicated, otherwise than as required or authorized under this Act or a regulation, the TIN without the written consent of the reportable person. Penalty for failure to provide TIN
C l’excédent éventuel du montant visé à l’alinéa a) sur le montant visé à l’alinéa b): a) le montant qui représenterait l’impôt payable par l’époux ou le conjoint de fait en vertu de la présente partie pour l’année si aucune somme, sauf celles visées à l’alinéa 118(1)c), au paragraphe 118(10) ou à l’un des articles 118.01 à 118.07, 118.3, 118.61 et 118.7, n’était déductible en application de la présente section, b) le moins élevé des montants suivants: (i) le total des montants déductibles en application de l’article 118.5 dans le calcul de l’impôt payable par l’époux ou le conjoint de fait en vertu de la présente partie pour l’année, (ii) le montant qui représenterait l’impôt payable par l’époux ou le conjoint de fait en vertu de la présente partie pour l’année si aucune somme, sauf celles visées à l’un des articles 118.01 à 118.07, 118.3, 118.61 et 118.7, n’était déductible en application de la présente section. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois modificatives et règlements pertinents.] L.R. (1985), ch. 1 (5e suppl.), art. 118.8; 1988, ch. 17, art. 64; Ann. VII, art. 96; 1997, ch. 25, art. 29; 1998, ch. 19, art. 29; 1999, ch. 22, art. 39; 2000, ch. 12, art. 134, 142; ch. 19, art. 26; 2007, ch. 2, art. 25; ch. 29, art. 10; 2009, ch. 31, art. 7; 2011, ch. 24, art. 32; 2014, ch. 20, art. 40; ch. 13, 2016, ch. 7, art. 18. Transfert du crédit d’impôt pour frais de scolarité
Every reportable person who fails to provide on request their TIN to a reporting financial institution that is required under this Part to make an information return requiring the TIN is liable to a penalty of $500 for each such failure, unless (a) an application for the assignment of the TIN is made to the relevant reportable jurisdiction not later than 90 days after the request was made and the TIN is provided to the reporting financial institution that requested it within 15 days after the reportable person received it; or (b) the reportable person is not eligible to obtain a TIN from the relevant reportable jurisdiction (including because the relevant reportable jurisdiction does not issue TINs). Assessment
a) le résultat du calcul suivant: A - B où: A représente le moins élevé des montants suivants: (i) le total des montants déductibles en application de l’article 118.5 dans le calcul de l’impôt payable par la personne en vertu de la présente partie pour l’année, (ii) la somme obtenue par la formule suivante: C × D où: C représente le taux de base pour l’année, D 5 000 $. Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
The Minister may at any time assess any amount payable under subsection (3) by any person and, if the Minister sends a notice of assessment to the person, sections 150 to 163, subsections 164(1) and (1.4) to (7), sections 165 to 167 and Division J of Part I apply with such modifications as the circumstances require. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2016, c. 12, s. 71.
Transfer to parent or grandparent [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 118.9; 1994, c. 7, Sch. II, s. 94; Sch. VIII, s. 569; 1997, c. 25, s. 38; 1998, c. 19, s. 39; 2000, c. 12, s. 144; 2007, c. 2, s. 27; 2016, c. 7, s. 20.] Part-year residents Impôt sur le revenu
Reporting Rules for Digital Platform Operators
active seller means a seller that either provides relevant services or sells goods during the reportable period or is paid or credited consideration in connection with relevant activities during the reportable period. (vendeur actif) consideration means compensation in any form that is paid or credited to a seller in connection with relevant activities, the amount of which is known or reasonably knowable by the platform operator. (rémunération) entity has the same meaning as in subsection 270(1). (entité) excluded platform operator means a platform operator that demonstrates to the satisfaction of the Minister that the platform’s entire business model is such that it does not (a) allow sellers to derive a profit from the consideration; or excluded seller means a seller (a) that is an entity for which the platform operator facilitated more than 2,000 relevant services for the rental of immovable property in respect of a property listing during the reportable period; (b) that is a governmental entity (as defined in subsection 270(1)); (c) that is an entity the stock of which is regularly traded on an established securities market (as defined in subsection 270(1)) or a related entity (as defined in subsection 270(1)) of an entity the stock of which is regularly traded on an established securities market; or (d) for which the platform operator solely facilitated less than 30 relevant activities for the sale of goods and for which the total amount of consideration paid or credited did not exceed $2,800 during the reportable period. (vendeur exclu) fiat currency means a currency that is used by a country and is designated as legal tender in that country. (monnaie fiduciaire) financial account identifier means the unique identifying number or reference, available to the platform operator, of the bank account or other payment account to which consideration is paid or credited. (identifiant de compte financier) goods means any tangible property or, for civil law, any corporeal property. (biens) government verification service means an electronic process made available by a reportable jurisdiction to a platform operator for the purposes of ascertaining the identity and residence of a seller. (service public de vérification) immovable property means real or immovable property. (biens immobiliers) partner jurisdiction means each jurisdiction identified as a partner jurisdiction by the Minister on the Internet website of the Canada Revenue Agency or by any other means that the Minister considers appropriate. (juridiction partenaire) personal service means a service involving time- or task-based work performed by one or more individuals at the request of a user, unless such work is purely ancillary to the overall transaction, but does not include a service provided by a seller pursuant to an employment relationship with the platform operator or a related entity (as defined in subsection 270(1)) of the platform operator. (service personnel) platform means a software, including a website or a part of it and applications, including mobile applications, accessible by users and allowing sellers to be connected to other users for the provision of relevant services or the sale of goods, directly or indirectly, to such users (including the collection and payment of consideration in respect of relevant activities), but does not include, in the provision of relevant services or the sale of goods, software exclusively allowing without any further intervention (a) the processing of payments in relation to relevant activities; (b) listing or advertising in relation to relevant activities; or
primary address means (a) in respect of a seller that is an individual (other than a trust), the address of the seller’s principal place of residence; and (b) in respect of a seller that is an entity, the address of the seller’s registered office. (adresse principale) property listing includes all immovable property units located at the same street address and offered for rent on a platform by the same seller. (lot) relevant activity means relevant service means, if provided for consideration: (c) the rental of a means of transport; or reportable jurisdiction means (a) for a reporting platform operator described in paragraph (a) of the definition reporting platform operator, Canada and any partner jurisdiction; and reportable period means a calendar year during which a platform operator is a reporting platform operator. (période de déclaration) reportable seller means an active seller, other than an excluded seller, that is determined by the platform operator based on the due diligence procedures set out in sections 283 to 287 to (b) have provided relevant services for the rental of immovable property located in a reportable jurisdiction; or (c) have been paid or credited consideration in connection with relevant services for the rental of immovable property located in a reportable jurisdiction. reporting platform operator means a platform operator, other than an excluded platform operator, if (a) it is resident in Canada; (b) it is resident, incorporated or managed in a partner jurisdiction, facilitates the provision of relevant activities by sellers resident in Canada or with respect to rental of immovable property located in Canada and elects to be a reporting platform operator; or (c) it is not resident in Canada or a partner jurisdiction and it facilitates the provision of relevant activities by sellers resident in Canada or with respect to rental of immovable property located in Canada. seller means a platform user that is registered at any time during the reportable period on the platform for the provision of a relevant service or the sale of goods. (vendeur) TIN means (a) the number used by the Minister to identify an individual or entity, including (iii) an account number issued to a trust; and (b) in respect of a jurisdiction other than Canada, a taxpayer identification number, including a VAT/GST registration number issued by the jurisdiction of the primary address of the seller, or a functional equivalent in the absence of a taxpayer identification number. (NIF)
This Part relates to the implementation of the Model Rules set out in the Model Rules for Reporting by Platform Operators with respect to Sellers in the Sharing and Gig Economy approved by the Council of the Organisation for Economic Co-operation and Development and, unless the context otherwise requires, the provisions in this Part are to be interpreted consistently with the Model Rules, as amended from time to time. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2023, c. 26, s. 78.
B la somme qui correspondrait à l’impôt payable par la personne en vertu de la présente partie pour l’année si aucune somme, sauf celles visées à l’un des articles 118 à 118.07, 118.3, 118.61 et 118.7, n’était déductible en application de la présente section; b) le montant pour l’année que la personne désigne par écrit pour l’application des articles 118.8 ou 118.9. [NOTE: Les dispositions d’application ne sont pas incluses dans le présent texte; voir les lois et règlements modificatifs appropriés.] Transfert à l’un des parents ou grands-parents
[NOTE: Les dispositions d’application ne sont pas incluses dans le présent texte; voir les lois et règlements modificatifs appropriés: L.R., 1985, ch. 1 (5e suppl.), art. 118.9; 1994, ch. 7, ann. II, art. 94; ann. VIII, art. 569; 1997, ch. 25, art. 38; 1998, ch. 19, art. 39; 2000, ch. 12, art. 144; 2007, ch. 2, art. 27; 2016, ch. 7, art. 20.] Particulier résidant au Canada pendant une partie de l’année seulement
For the purpose of determining whether a seller that is an entity is an excluded seller under paragraph (b) or (c) of that definition in subsection 282(1), a reporting platform operator may rely on publicly available information or a confirmation from the seller. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2023, c. 26, s. 78.
a) le montant déductible pour l’année en application de chacune de ces dispositions relativement à la partie de l’année qui n’est pas comprise dans la ou les périodes visées à l’alinéa b) est calculé comme si cette partie constituait l’année d’imposition entière; b) seules les déductions suivantes sont permises au particulier: (i) les déductions que permettent les paragraphes 118(3) et (10) et les articles 118.01 à 118.2, 118.5, 118.62 et 118.7 et qu’il est raisonnable de considérer comme étant entièrement applicables à la période ou aux périodes de l’année tout au long desquelles il réside au Canada, calculées comme si cette période ou ces périodes constituaient l’année d’imposition entière, Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals Sections 118.91-118.94 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 118.91; 1998, c. 19, s. 47; 1999, c. 22, s. 45; 2006, c. 4, s. 67; 2007, c. 2, s. 28; 2009, c. 31, s. 36; 2016, c. 7, s. 21.] Ordering of credits [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 118.92; 1998, c. 19, s. 47; 2006, c. 4, s. 67; 2007, c. 2, s. 28; 2009, c. 31, s. 36; 2011, c. 24, s. 47; 2014, c. 39, s. 36; 2015, c. 36, s. 86; 2019, c. 29, s. 19.] Credits in separate returns [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 118.93; 2006, c. 4, s. 68; 2007, c. 2, s. 29.] (ii) la partie des déductions que permettent les articles 118 (sauf les paragraphes (3) et (10)), 118.3, 118.8 et 118.9 et qu’il est raisonnable de considérer comme étant applicable à la ou aux périodes de l’année tout au long desquelles il réside au Canada, calculée comme si cette période ou ces périodes constituaient l’année d’imposition entière. Toutefois le montant que le particulier peut déduire pour l’année en application de chacune de ces dispositions ne peut dépasser le montant qu’il aurait ainsi déduit s’il avait résidé au Canada tout au long de l’année. [NOTE: Les dispositions d’application ne sont pas incluses dans le présent codifié; voir les lois et règlements modificatifs pertinents: L.R. (1985), ch. 1 (5e suppl.), art. 118.91; 1998, ch. 19, art. 47; 1999, ch. 22, art. 45; 2006, ch. 4, art. 67; 2007, ch. 2, art. 28; 2009, ch. 31, art. 36; 2016, ch. 7, art. 21.] Ordre d’application des crédits
(b) the primary address of the individual; (c) the TIN issued to the individual, including the jurisdiction of issuance; and
[NOTE: Les dispositions d’application ne sont pas incluses dans le présent codifié; voir les lois et règlements modificatifs pertinents: L.R. (1985), ch. 1 (5e suppl.), art. 118.92; 1998, ch. 19, art. 47; 2006, ch. 4, art. 67; 2007, ch. 2, art. 28; 2009, ch. 31, art. 36; 2011, ch. 24, art. 47; 2014, ch. 39, art. 36; 2015, ch. 36, art. 86; 2019, ch. 29, art. 19.] Crédits dans des déclarations de revenu distinctes
The reporting platform operator must collect the following information for each seller (other than a seller described in subsection (1)) that is not an excluded seller (b) the primary address of the entity; (c) the TIN issued to the entity, including the jurisdiction of issuance; and Government verification services
[NOTE: Les dispositions d’application ne sont pas incluses dans le présent codifié; voir les lois et règlements modificatifs pertinents: L.R. (1985), ch. 1 (5e suppl.), art. 118.93; 2006, ch. 4, art. 68; 2007, ch. 2, art. 29.] Impôt payable par les non-résidents (crédits restreints)
Notwithstanding subsections (1) and (2), the reporting platform operator is not required to collect information pursuant to paragraphs (1)(b) to (d) or (2)(b) to (d) in respect of a seller where the reporting platform operator relies on a government verification service to ascertain the identity and residence of the seller. (a) the jurisdiction of residence of the seller does not issue a TIN or business registration number to the seller; or (b) the jurisdiction of residence of the seller does not require the collection of the TIN issued to such seller.
[NOTE: Application provisions are not included in the consolidated text: see relevant amending acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 118.94; 1994, c. 7, Sch. II, s. 96; 2006, c. 4, s. 68; 2007, c. 2, s. 29; 2009, c. 31, s. 11; 2011, c. 24, s. 35; 2014, c. 20, s. 16; 2016, c. 7, s. 23. Credits in year of bankruptcy [NOTE: Application provisions are not included in the consolidated text: see relevant amending acts and regulations.] 1986, c. 1, s. 136; 1999, c. 22, s. 42; 2006, c. 4, s. 69; 2007, c. 2, s. 30; 2009, c. 31, s. 12; 2016, c. 7, s. 24. pour l’année est incluse dans le calcul de son revenu imposable gagné au Canada pour l’année. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 118.94; 1994, ch. 7, ann. II, art. 96; 2006, ch. 4, art. 68; 2007, ch. 2, art. 29; 2009, ch. 31, art. 11; 2011, ch. 24, art. 35; 2014, ch. 20, art. 16; 2016, ch. 7, art. 23. Crédits au cours de l’année de la faillite
a) les déductions auxquelles il a droit aux termes des paragraphes 118(3) ou (10) ou de l’un des articles 118.01 à 118.2, 118.5, 118.6, 118.7 et 118.8 et qu’il est raisonnable de considérer comme étant entièrement applicables à l’année d’imposition; b) les parties des déductions auxquelles il a droit aux termes de l’un des articles 118 (sauf les paragraphes 118(3) et (10)), 118.3, 118.8 et 118.9 et qu’il est raisonnable de considérer comme étant applicables à l’année d’imposition; Toutefois, le total des montants ainsi déductibles en application de ces dispositions ne peut dépasser le montant qui aurait été déductible en application de cette disposition pour l’année civile si le particulier n’était pas devenu en faillite. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1986, ch. 1, art. 136; 1999, ch. 22, art. 42; 2006, ch. 4, art. 69; 2007, ch. 2, art. 30; 2009, ch. 31, art. 12; 2016, ch. 7, art. 24. Ancien résident — crédit pour impôt payé 119 Lorsque, à un moment donné, un particulier est réputé par le paragraphe 128.1(4) avoir disposé d’une immobilisation qui était un bien canadien imposable lui appartenant tout au long de la période ayant commencé au moment donné et se terminant au premier moment, postérieur au moment donné, où il a disposé du bien, il peut être déduit dans le calcul de son impôt payable en vertu de la présente partie pour l’année d’imposition qui comprend le moment donné : a) le produit de la multiplication de son impôt payable par ailleurs pour l’année en vertu de la présente partie, au sens de l’alinéa a) de la définition de impôt payable par ailleurs pour l’année en vertu de la présente partie au paragraphe 126(7), par le rapport entre : (i) d’une part, son gain en capital imposable provenant de la disposition du bien au moment donné, [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 119; 2001, c. 17, s. 102.
Notwithstanding subsection (1), for the completion of the due diligence procedures pursuant to subsection 288(2), the reporting platform operator may determine whether the information collected pursuant to subsection 283(2) and sections 284 and 287 is reliable using electronically searchable records available to the reporting platform operator. Verifying accuracy
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2015, c. 36, s. 302; 2016, c. 7, s. 25. bears to bears to Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
For the purpose of paragraph 288(3)(b), despite subsections (1) and (2), in instances where the reporting platform operator has reason to know that any of the information items described in section 284 or 287 may be inaccurate by virtue of information provided by the Minister, it must verify such information using reliable, independent source documents, data, or information. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] ; 2023, c. 26, s. 78.
(2.1) [Repealed, 2001, c. 17, s. 103] Definitions income earned in the year in a province means amounts determined under rules prescribed for the purpose of regulations made on the recommendation of the Minister of Finance; (revenu gagné au cours de l’année dans une province) (a) the greater of b) à son revenu pour l’année. (2.1) [Abrogé, 2001, ch. 17, art. 103] Somme réputée payée (2.2) Un particulier est réputé avoir payé le dernier jour d’une année d’imposition, au titre de son impôt en vertu de la présente partie pour l’année, une somme égale à son impôt sur le revenu payable pour l’année à un gouvernement autochtone aux termes d’un texte législatif de ce gouvernement pris en conformité avec les modalités d’une entente de partage fiscal conclue entre ce gouvernement et le gouvernement du Canada. Définition de son revenu pour l’année
Government verification service
Aux paragraphes (1) et (2), son revenu pour l’année s’entend du montant applicable suivant : a) si l’article 114 s’applique au particulier pour l’année, le montant déterminé selon l’alinéa 114a) à son égard pour l’année; b) si le particulier a été un non-résident tout au long de l’année, son revenu imposable gagné au Canada pour l’année, déterminé sans tenir compte des alinéas 115(1)d) à f); c) dans le cas d’un particulier qui est un particulier déterminé pour l’année, son revenu pour l’année, calculé compte non tenu de l’alinéa 20(1)ww); d) dans le cas d’une fiducie intermédiaire de placement déterminée, l’excédent éventuel de son revenu pour l’année, déterminé compte non tenu du présent alinéa, sur son montant de distribution imposable, au sens du paragraphe 122(3), pour l’année. Définitions
Notwithstanding subsection (1), a reporting platform operator must consider a seller resident in each jurisdiction confirmed by a government verification service pursuant to subsection 284(3). [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2023, c. 26, s. 78. Rented immovable property
Les définitions qui suivent s’appliquent au présent article. impôt qu’il est par ailleurs tenu de payer en vertu de la présente partie ou impôt payable par ailleurs en vertu de la présente partie Quant à un particulier pour une année d’imposition, la somme des montants suivants : a) le plus élevé des montants suivants : (i) l’impôt minimum applicable au particulier pour l’année, calculé selon l’article 127.51, exceeds NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 120; 1999, c. 22, s. 43; 2000, c. 19, s. 27; 2001, c. 17, s. 103; 2007, c. 29, s. 11; c. 36, s. 46; 2016, c. 11, s. 3.
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2023, c. 26, s. 78.
NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 120.1; 1994, c. 7, Sch. II, s. 97; 2000, c. 19, s. 28. Minimum tax carry-over Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
Previously registered accounts
exceeds (ii) the individual’s minimum amount for the particular year determined under section 127.51. (a) the individual’s minimum amount for the year determined under section 127.51 exceeds that Impôt sur le revenu
Despite subsection (1), the due diligence procedures set out in sections 283 to 287 are required to be completed by December 31 of the second reportable period of the reporting platform operator, for sellers that are already registered on the platform (a) as of January 1, 2024; or (b) as of the date on which an entity becomes a reporting platform operator.
Notwithstanding subsection (1), a reporting platform operator may rely on the due diligence procedures conducted in respect of previous reportable periods, provided (a) the primary address of the seller has been either collected and verified or confirmed within the last 36 months; and (b) the reporting platform operator does not have reason to know that the information collected pursuant to sections 283, 284 and 287 is or has become unreliable or incorrect. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] : 2023, c. 26, s. 78.
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] : 2023, c. 26, s. 78. Due diligence by third parties
b) l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) ce que serait, sans le présent article, l’article 120 et le paragraphe 120.4(2), l’impôt payable par le particulier en vertu de la présente partie pour l’année donnée si celui-ci n’avait droit à aucune des déductions prévues à l’article 126, (ii) l’impôt minimum applicable au particulier pour l’année donnée, calculé selon l’article 127.51. Supplément d’impôt
When a platform operator fulfils the due diligence obligations for a reporting platform operator with respect to the same platform under subsection (1), such platform operator may carry out the due diligence procedures pursuant to substantially similar rules in its partner jurisdiction. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] : 2023, c. 26, s. 78. Reporting to Minister
Pour l’application du paragraphe (1), le supplément d’impôt d’un particulier pour une année d’imposition est l’excédent éventuel : a) de l’impôt minimum applicable à ce particulier pour cette année, calculé selon l’article 127.51, sur le total des montants suivants : b) ce que serait, en l’absence de l’article 120, l’impôt payable en vertu de la présente partie par le particulier pour l’année si celui-ci n’avait droit à aucune des déductions prévues à l’article 126; c) le produit de la multiplication de l’excédent éventuel de l’élément visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le crédit spécial pour impôts étrangers du particulier pour l’année, calculé selon l’article 127.54, (ii) le total des montants déductibles de l’impôt du particulier pour l’année en vertu de l’article 126, par le rapport entre : (iii) d’une part, ses impôts payés à l’étranger pour l’année au sens du paragraphe 127.54(1), (iv) d’autre part, le montant qui représenterait ses impôts payés à l’étranger pour l’année si la mention « des 2/3 » dans la définition de impôts payés à l’étranger au paragraphe 127.54(1) était supprimée.
Reporting to seller
Subsection (1) does not apply in respect of an individual’s return of income filed under subsection 70(2), paragraphs 104(23)(d) or 128(2)(f) or subsection 150(4). [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 120.2; 1988, c. 19, s. 137; 2000, c. 19, s. 289; 2001, c. 17, s. 104; 2013, c. 34, s. 254; 2024, c. 17, s. 29.] exceeds Lump-sum Payments Definitions exceeds exceeds Definitions Impôt hypothétique payable
A reporting platform operator must provide the information set out under section 292 to the reportable seller to which it relates no later than January 31 of the year following the calendar year in which the seller is identified as a reportable seller. Reporting not required
Pour l’application du paragraphe (2), l’impôt hypothétique payable par un particulier pour une année d’imposition admissible, déterminée aux fins du calcul de son impôt payable en vertu de la présente partie pour une année d’imposition (appelée « année de réception » au présent paragraphe) au cours de laquelle il a reçu un montant admissible, correspond à la somme des montants suivants : a) l’excédent éventuel du montant visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le montant qui correspondrait à l’impôt payable en vertu de la présente partie par le particulier pour l’année d’imposition admissible si le total des montants, représentant chacun la partie déterminée relative à cette année d’un montant admissible reçu par le particulier avant la fin de l’année de réception, était pris en compte dans le calcul de son revenu imposable pour l’année d’imposition admissible, (ii) le total des montants représentant chacun un montant, relatif à un montant admissible reçu par le particulier avant l’année de réception, et qui a été inclus, en application du présent alinéa, dans le calcul de son impôt hypothétique payable en vertu de la présente partie pour l’année d’imposition admissible; b) si l’année d’imposition admissible s’est terminée avant l’année d’imposition précédant l’année de réception, un montant égal à la somme qui serait calculée au titre des intérêts payables sur l’excédent du montant déterminé selon l’alinéa a) pour l’année d’imposition admissible sur l’impôt payable par le contribuable en vertu de la présente partie pour cette année si cette somme était calculée, à la fois : (i) pour la période ayant commencé le 1er mai de l’année suivant l’année d’imposition admissible et s’étant terminée immédiatement avant l’année de réception, (ii) au taux prescrit qui est applicable dans le cadre du paragraphe 164(3) pour cette période. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2000, ch. 19, art. 30; 2013, ch. 34, art. 255. Impôt sur le revenu fractionné Définitions
Notwithstanding subsections (1) and (2), the information in relation to a reportable seller is neither required to be reported to the Minister nor to be made available to the reportable seller in circumstances where the reporting platform operator has obtained adequate
(i) a parent of the individual, or actions exclues Sont des actions exclues d’un particulier déterminé à un moment donné les actions du capital-actions d’une société qui appartiennent au particulier déterminé lorsque les conditions ci-après sont remplies : a) quant à la société, il s’avère à la fois que : (i) moins de 90 % de son revenu d’entreprise pour la dernière année d’imposition de la société qui se termine au plus tard à ce moment (ou, en l’absence d’une telle année d’imposition, pour l’année d’imposition de la société qui comprend ce moment) était tiré de la prestation de services, (ii) elle n’est pas une société professionnelle; b) quant aux actions du capital-actions de la société qui sont la propriété du particulier déterminé, il s’avère immédiatement avant ce moment que, à la fois : (i) elles confèrent à leur détenteur au moins 10 % des voix qui pourraient être exprimées lors d’une assemblée générale annuelle des actionnaires de la société, (ii) elles ont une juste valeur marchande d’au moins 10 % de la juste valeur marchande de l’ensemble des actions émises et en circulation du capital-actions de la société; c) la totalité ou presque totalité du revenu de la société pour l’année d’imposition visée au sous-alinéa a)(i) n’est pas tirée, directement ou indirectement, d’une ou de plusieurs entreprises liées relativement au particulier autres que des entreprises de la société. (excluded shares) capital indépendant Est un capital indépendant d’un particulier déterminé un bien du particulier, ou un bien pour lequel le bien donné est un substitut, qui n’a été : a) ni acquis soit à titre de revenu d’un autre bien qui provient, directement ou indirectement, d’une entreprise liée relativement au particulier, soit à titre de gain en capital imposable ou de bénéfice tiré de la disposition d’un autre bien; b) ni emprunté par le particulier déterminé en vertu d’un prêt ou d’une autre dette; c) ni transféré, directement ou indirectement, de quelque manière que ce soit, au particulier déterminé par une personne qui lui est liée (sauf en raison du décès d’une personne). (arm’s length capital) (i) a safe harbour capital return of the individual, or (b) any five prior taxation years of the specified individual. (entreprise exclue) excluded shares, of a specified individual at any time, means shares of the capital stock of a corporation owned by the specified individual if entreprise exclue Est une entreprise exclue d’un particulier déterminé pour une année d’imposition l’entreprise aux activités de laquelle le particulier participe activement, de façon régulière, continue et importante : a) soit pendant l’année d’imposition, sauf à l’égard d’un montant visé à l’alinéa e) de la définition de revenu fractionné; b) soit pendant cinq années d’imposition antérieures du particulier. (excluded business) entreprise liée Est une entreprise liée, relativement à un particulier déterminé pour une année d’imposition, chacune des entreprises suivantes : a) l’entreprise exploitée : (i) soit par un particulier source relativement au particulier déterminé à un moment de l’année, (ii) soit par une société de personnes, société ou fiducie, si un particulier source relativement au particulier déterminé à un moment de l’année participe, de façon régulière, aux activités de la société de personnes, société ou fiducie qui rapportent au fait de tirer un revenu de l’entreprise; b) l’entreprise d’une société de personnes, si un particulier source relativement au particulier déterminé à un moment de l’année a une participation dans la société de personnes, y compris directement ou indirectement; c) l’entreprise d’une société à l’égard de laquelle les conditions ci-après sont remplies à un moment de l’année : (i) un particulier source, relativement au particulier déterminé, est propriétaire, selon le cas : (A) d’actions du capital-actions de la société, (B) de biens dont une partie ou la totalité de la juste valeur marchande provient, directement ou indirectement, d’actions du capital-actions de la société, (ii) l’énoncé de la formule ci-après s’avère : 0,1A ≤ B + C où : A représente la juste valeur marchande de toutes les actions émises et en circulation du capital-actions de la société, B la juste valeur marchande des actions visées à la division (i)(A), C la partie de la juste valeur marchande totale des biens visés à la division (i)(B) qui provient d’actions du capital-actions de la société. (related business) montant exclu Quant à un particulier pour une année d’imposition, montant qui représente soit le revenu du particulier pour l’année tiré d’un bien, soit son gain en capital imposable, ou son bénéfice, pour l’année tiré de la disposition d’un bien, et qui est, selon le cas : a) si le particulier n’a pas atteint l’âge de 24 ans avant l’année, est tiré d’un bien qui a été acquis par le particulier, ou pour son compte, par suite du décès d’une personne qui est, selon le cas : (i) le père ou la mère du particulier, (ii) une personne quelconque, si le particulier est : (A) soit inscrit au cours de l’année comme étudiant à temps plein dans un établissement d’enseignement postsecondaire au sens de l’article 118.6 dans le cadre de l’application de la présente partie pour un contribuable pour l’année; (B) soit une personne à l’égard de laquelle un montant est déductible en application de l’article 118.3 dans le cadre de l’impôt payable en vertu de la présente partie par un contribuable pour l’année; b) est tiré d’un bien qui a été acquis par le particulier dans le cadre d’un transfert visé au paragraphe 160(4); c) est un gain en capital imposable qui découle de l’application du paragraphe 70(5); d) est un gain en capital imposable pour l’année tiré de la disposition, par le particulier, d’un bien qui est, au moment de la disposition, un bien de pêche admissible ou une action admissible de petite entreprise (au sens donné à ces termes au paragraphe 110.6(1)), sauf dans le cas où le montant serait réputé être un dividende en vertu du paragraphe 120.4(4) ou (5) si la présente définition s’appliquait comme non tenu du présent alinéa; e) si le particulier a atteint l’âge de 17 ans avant l’année, selon le cas : (i) ne provient pas, directement ou indirectement, d’une entreprise liée relativement au particulier pour l’année, Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
assurances that another platform operator has or will fulfill the reporting obligations under this section and section 292 (a) with respect to the reportable seller pursuant to the rules in Canada; or (b) with respect to the reportable seller, other than a reportable seller resident in Canada, under substantially similar rules in a partner jurisdiction. Reporting
(i) a source individual in respect of the specified individual at any time in the year, or (i) a source individual in respect of the specified individual owns
A reporting platform operator required to report information under this section shall report the information in prescribed form.
where A × B where (b) provient, directement ou indirectement, d’une entreprise exclue du particulier pour l’année; f) si le particulier a atteint l’âge de 17 ans, mais non l’âge de 24 ans, avant l’année, selon le cas : (i) est un rendement exonéré du particulier, (ii) est un rendement raisonnable relativement au particulier, eu égard uniquement aux contributions de capital indiquées; g) si le particulier a atteint l’âge de 24 ans avant l’année, selon le cas : (i) est un revenu tiré d’actions exclues du particulier, ou un gain en capital imposable provenant de la disposition de ces actions, (ii) est un rendement raisonnable relativement au particulier. (excluded amount) particulier déterminé Est un particulier déterminé pour une année d’imposition le particulier (à l’exception d’une fiducie) qui répond aux conditions suivantes : a) il réside au Canada à celui des moments ci-après qui est applicable : (i) s’il décède au cours de l’année, le moment qui précède immédiatement son décès, (ii) sinon, la fin de l’année; b) si le particulier n’a pas atteint l’âge de 17 ans avant l’année, son père ou sa mère réside au Canada à un moment de l’année. (specified individual) particulier source Est un particulier source relativement à un particulier déterminé pour une année d’imposition le particulier (à l’exception d’une fiducie) qui, à un moment de l’année : a) d’une part, réside au Canada; b) d’autre part, est lié au particulier déterminé. (source individual) rendement exonéré Est le rendement exonéré d’un particulier déterminé pour une année d’imposition le montant qui ne dépasse pas le montant obtenu par la formule suivante : A × B où : C × D/E where (b) related to the specified individual. (particulier source) specified individual, for a taxation year, means an individual (other than a trust) who A représente le plus élevé des taux d’intérêt visés à l’alinéa 4301c) du Règlement de l’impôt sur le revenu pour un trimestre de l’année; B le total des montants dont chacun s’obtient par la formule suivante : C × D/E où : C représente la juste valeur marchande d’un bien contribué par le particulier déterminé à l’appui d’une entreprise liée au moment où il est contribué, D le nombre de jours de l’année où le bien (ou le bien qui lui est substitué) sert à appuyer l’entreprise liée et n’a pas été retourné, directement ou indirectement, de quelque manière que ce soit, au particulier déterminé, E le nombre de jours de l’année. (safe harbour capital return) rendement raisonnable Est un rendement raisonnable, relativement à un particulier déterminé pour une année d’imposition, le montant qui provient directement ou indirectement d’une entreprise liée relativement au particulier et qui présente les caractéristiques suivantes : a) il serait, si le présent paragraphe s’appliquait compte non tenu du sous-alinéa f)(ii) ou g)(ii) de la définition de montant exclu, un montant visé à la définition de revenu fractionné relativement au particulier pour l’année; b) il est un montant raisonnable, eu égard aux facteurs ci-après se rapportant aux contributions relatives du particulier déterminé, et de chaque particulier source, relativement à l’entreprise liée : (i) le travail qu’ils ont effectué à l’appui de l’entreprise, (ii) les biens qu’ils ont contribué, directement ou indirectement, à l’appui de l’entreprise, (iii) les risques qu’ils ont assumés relativement à l’entreprise, (iv) le total des montants qui ont été payés ou sont devenus payables, directement ou indirectement, par une personne ou une société de personnes à l’un ou à leur profit, relativement à l’entreprise, (v) tout autre facteur pertinent. (reasonable return) revenu fractionné S'agissant du revenu fractionné d'un particulier déterminé pour une année d'imposition, le total des montants (sauf les montants exclus) représentant chacun, selon le cas : a) un montant à inclure dans le calcul du revenu du particulier pour l'année : (i) soit au titre de dividendes imposables reçus par le particulier relativement à des actions du capital-actions d'une société (sauf des actions d'une catégorie cotée à une bourse de valeurs désignée et des actions du capital-actions d'une société de placement à capital variable), (ii) soit par l'effet de l'article 15 du fait qu'une personne est propriétaire d'actions du capital-actions d'une société, sauf des actions d'une catégorie cotée à une bourse de valeurs désignée; b) une partie d'un montant inclus, par l'effet de l'alinéa 96(1)f), dans le calcul du revenu du particulier pour l'année, dans la mesure où la partie répond aux conditions suivantes : (i) elle n'est pas incluse dans le montant visé à l'alinéa a), (ii) il est raisonnable de considérer qu'elle est un revenu provenant directement ou indirectement : (A) soit d'une ou de plusieurs entreprises liées relativement au particulier pour l'année, (B) soit de la location de biens par une société de personnes ou fiducie, dans le cas où une personne qui est liée au particulier à un moment de l'année, selon le cas : (I) prend une part active, de façon régulière, aux activités de la société de personnes ou fiducie se rapportant à la location de biens, (II) dans le cas d'une société de personnes, en détient une participation, directement ou indirectement, par l'intermédiaire d'une ou de plusieurs autres sociétés de personnes; c) une partie d'un montant inclus, par l'effet des paragraphes 104(13) ou 105(2) relativement à une fiducie (sauf une fiducie de fonds commun de placement ou une fiducie qui est réputée exister en vertu du paragraphe 143(1)), dans le calcul du revenu du particulier pour l'année, dans la mesure où la partie répond aux conditions suivantes : (i) elle n’est pas incluse dans le montant visé à l’alinéa a), (ii) il est raisonnable de considérer que la partie, selon le cas : (A) se rapporte à des dividendes imposables reçus au titre d’actions du capital-actions d’une société (sauf des actions d’une catégorie cotée à une bourse de valeurs désignée et des actions du capital-actions d’une société de placement à capital variable), (B) découle de l’application de l’article 15 au fait qu’une personne est propriétaire d’actions du capital-actions d’une société, sauf des actions d’une catégorie cotée à une bourse de valeurs désignée, (C) est un revenu provenant directement ou indirectement d’une ou de plusieurs entreprises liées relativement à la personne, (D) est un revenu provenant de la location de biens par une société de personnes ou fiducie, dans le cas où une personne qui est liée au particulier à un moment de l’année prend une part active, de façon régulière, aux activités de la société de personnes ou fiducie se rapportant à la location de biens; d) un montant inclus dans le calcul du revenu du particulier pour l’année, dans la mesure où le montant se rapporte à une créance qui : (i) d’une part, est celle d’une société (sauf une société de placement à capital variable ou une société dont les actions d’une catégorie du capital-actions sont cotées à une bourse de valeurs désignée), société de personnes ou fiducie (sauf une fiducie de fonds commun de placement), (ii) d’autre part, n’est : (A) ni visée à l’alinéa a) de la définition de intérêts entièrement exonérés au paragraphe 212(3), (B) ni cotée ou négociée sur un marché public, (C) ni l’un ni l’autre de ce qui suit : (I) un dépôt, au sens de la Loi sur la Société d’assurance-dépôts du Canada, porté au crédit du particulier, (II) either (III) un dépôt auprès d’une coopérative de crédit ou d’une succursale au Canada d’une banque porté au crédit du particulier; e) un montant relatif à un bien, dans la mesure où les énoncés ci-après se vérifient à l’égard du montant et du bien : (i) le montant, selon le cas : (A) est un gain en capital imposable, ou un bénéfice, du particulier pour l’année tiré de la disposition après 2017 du bien, (B) est inclus, par l’effet du paragraphe 104(13) ou 105(2), dans le calcul du revenu du particulier pour l’année et il est raisonnable de considérer que le montant peut être attribué à un gain en capital imposable, ou à un bénéfice, d’une personne ou société de personnes pour l’année tiré de la disposition après 2017 du bien, (ii) le bien est : (A) soit une action du capital-actions d’une société (sauf une action d’une catégorie cotée à une bourse de valeurs désignée ou une action du capital-actions d’une société de placement à capital variable), (B) soit un bien à l’égard duquel les conditions ci-après sont remplies : (I) le bien est, selon le cas : 1 une participation dans une société de personnes, 2 une participation à titre de bénéficiaire d’une fiducie (sauf une fiducie de fonds commun de placement ou une fiducie qui est réputée exister en vertu du paragraphe 143(1)), 3 une créance (sauf une créance visée à l’une des divisions d)(ii)(A) à (C)), (II) l’un des énoncés ci-après se vérifie : 1 un montant est inclus, relativement au bien, dans le revenu fractionné du particulier pour l’année ou une année d’imposition antérieure, 2 la totalité ou une partie de la juste valeur marchande du bien, déterminée immédiatement avant la disposition mentionnée Additional rules — specified individual (1.1) For the purpose of applying this section in respect of a specified individual in respect of a taxation year, (c) an amount that is a specified individual’s income for a taxation year from, or the specified individual’s taxable capital gain or profit for the year from the disposition of, a property is deemed to be an excluded amount in respect of the specified individual for the taxation year if --- Autres règles — particulier déterminé (1.1) Les règles ci-après s’appliquent aux fins du présent article relativement à un particulier déterminé quant à une année d’imposition : a) un particulier est réputé participer activement, de façon régulière, continue et importante, aux activités d’une entreprise au cours de son année d’imposition s’il travaille pour l’entreprise pendant une durée moyenne d’au moins 20 heures par semaine pendant la partie de l’année au cours de laquelle l’entreprise exerce ses activités; b) si un montant — à supposer que le présent article s’applique comme tenu du présent alinéa — est un revenu fractionné d’un particulier déterminé qui a atteint l’âge de 17 ans avant l’année relativement à un bien et que ce bien est acquis par le particulier déterminé, ou pour son compte, en raison du décès d’une autre personne, les règles ci-après s’appliquent : (i) pour l’application de l’alinéa b) de la définition de rendement raisonnable au paragraphe (1), dans la mesure où le montant visé à cet alinéa se rapporte au bien, les facteurs mentionnés à cet alinéa à l’égard de l’autre personne doivent être pris en compte dans la détermination du rendement raisonnable relativement au particulier, (ii) pour l’application du présent sous-alinéa et de la définition de entreprise exclue au paragraphe (1), si l’autre personne participait activement, de façon régulière, continue et importante aux activités d’une entreprise tout au long de cinq années d’imposition antérieures, le particulier est réputé avoir participé activement, de façon régulière, continue et importante à l’entreprise tout au long de ces cinq années, (iii) pour l’application de l’alinéa g) de la définition de montant exclu au paragraphe (1) à l’égard du bien, le particulier est réputé avoir atteint l’âge de 24 ans avant l’année si l’autre personne avait atteint l’âge de 24 ans avant l’année; c) le montant qui est un revenu du particulier déterminé pour une année d’imposition tiré d’un bien, soit un gain en capital imposable ou un profit du particulier déterminé tiré de la disposition d’un bien, est réputé être un montant exclu relativement au particulier déterminé pour l’année dans les cas suivants : (d) for greater certainty, an amount derived directly or indirectly from a business includes Tax payable by a specified individual (A + B) – (C + D) where Taxable capital gain Taxable capital gain of trust Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
Information required to be reported under this section shall be filed by way of electronic filing. Currency
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2000, c. 19, s. 39; 2007, c. 35, s. 82; 2011, c. 24, s. 36; 2018, c. 29, s. 44; 2016, c. 33, s. 97; 2016, c. 11, s. 41; 2018, c. 12, s. 13; 2023, c. 26, s. 28. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 121; 2007, c. 2, s. 48; 2008, c. 28, s. 17; 2010, c. 33, s. 11; 2016, c. 36, s. 10; 2016, c. 7, s. 26; 2018, c. 12, s. 14. A × B Impôt sur le revenu
The information with respect to the consideration paid or credited in a fiat currency must be reported in the currency in which it was paid or credited. In case the consideration was paid or credited in a form other than fiat currency, it should be reported in the local currency of Canada, converted or valued in a manner that is determined consistently by the reporting platform operator. Reporting in respect of quarter
The information with respect to the consideration and other amounts must be reported in respect of the quarter in which the consideration was paid or credited. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2023, c. 26, s. 78. Information reported
(a) the name, registered office address and TIN of the reporting platform operator, as well as any business names of any platforms in respect of which the reporting platform operator is reporting; (b) with respect to each reportable seller that provided relevant services (other than immovable property rental), rented out a means of transportation or sold goods, (i) the items required to be collected pursuant to section 284, (ii) any other TIN, including the jurisdiction of issuance, available to the reporting platform operator, (iii) any financial account identifiers, insofar as they are available to the reporting platform operator and the jurisdiction of the reportable seller’s residence is specified by the Minister, (iv) if different from the name of the reportable seller, the name of the holder of the financial account to which the consideration is paid or credited, to the extent available to the reporting platform operator, as well as any other identifying information available to the reporting platform operator with respect to that account holder, (v) each jurisdiction in which the reportable seller is resident on the basis of the procedures set out in section 286, (vi) the total consideration paid or credited during each quarter of the reportable period and the number of such relevant activities in respect of which it was paid or credited, and (vii) any fees, commissions or taxes withheld or charged by the reporting platform operator during each quarter of the reportable period; and (c) with respect to each reportable seller that provided relevant services for the rental of immovable property, (i) the items required to be collected pursuant to section 284, (ii) any other TIN, including the jurisdiction of issuance, available to the reporting platform operator, (iii) any financial account identifiers, insofar as they are available to the reporting platform operator and either the jurisdiction of residence of the reportable seller or the jurisdiction in which the immovable property is located is specified by the Minister, (iv) if different from the name of the reportable seller, the name of the holder of the financial account to which the consideration is paid or credited, to the extent available to the reporting platform operator, as well as any other identifying information available to the reporting platform operator with respect to the account holder, (v) each jurisdiction in which the reportable seller is resident on the basis of the procedures set out in section 286, (vi) the address of each property listing, determined on the basis of the procedures set out in section 287, and, if available, the land registration number, (vii) the total consideration paid or credited during each quarter of the reportable period and the number of such relevant services provided with respect to each property listing in respect of which it was paid or credited, (viii) any fees, commissions or taxes withheld or charged by the reporting platform operator during each quarter of the reportable period, and (ix) if available, the number of days each property listing was rented during the reportable period and the type of each property listing. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.], 2023, c. 26, s. 78.
Confidentiality of TIN
capital variable) qui sont transférées, directement ou indirectement, de quelque manière que ce soit, à une personne avec laquelle le particulier a un lien de dépendance, les paragraphes 104(13) ou 105(2) ne s’appliquent pas relativement à la somme et le particulier est réputé recevoir le double de cette somme au cours de l’année à titre de dividende imposable autre qu’un dividende déterminé. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir lois et règlements modificatifs appropriés.] 2000, ch. 19, art. 39; 2007, ch. 35, art. 82; 2011, ch. 24, art. 36; 2018, ch. 29, art. 44; 2016, ch. 33, art. 97; 2016, ch. 11, art. 41; 2018, ch. 12, art. 13; 2023, ch. 26, art. 28. Déduction pour dividendes imposables 121 Est déductible de l’impôt qu’un particulier est ailleurs tenu de payer en vertu de la présente partie pour une année d’imposition le total des sommes suivantes : a) le produit de la somme qui est à inclure dans le calcul de son revenu pour l’année selon le sous-alinéa 82(1)b)(i) et la fraction applicable suivante : (i) 8/11 pour l’année d’imposition 2018, (ii) 9/13 pour les années d’imposition postérieures à 2018; b) le produit de la somme qui est à inclure dans le calcul de son revenu pour l’année selon le sous-alinéa 82(1)b)(ii) par la fraction applicable suivante : (i) 11/18 pour l’année d’imposition 2009, (ii) 10/17 pour l’année d’imposition 2010, (iii) 13/23 pour l’année d’imposition 2011, (iv) 6/11 pour les années d’imposition postérieures à 2011. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 121; 2007, ch. 2, art. 48; 2008, ch. 28, art. 17; 2010, ch. 33, art. 11; 2016, ch. 36, art. 10; 2016, ch. 7, art. 26; 2018, ch. 12, art. 14. Impôt payable par une fiducie 122 (1) Malgré l’article 117, l’impôt payable en vertu de la présente partie pour une année d’imposition par une fiducie (autre qu’une succession assujettie à l’imposition à taux progressifs ou une fiducie admissible pour personne handicapée) correspond au total des sommes suivantes : a) le produit du taux d’imposition supérieur pour l’année par le montant imposable de la fiducie pour l’année; Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
A reporting platform operator required to make an information return referred to in subsection (1) shall not knowingly use, communicate or allow to be communicated, otherwise than as required or authorized under this Act or a regulation, the TIN without the written consent of the reportable seller. Penalty for failure to provide TIN
where C + D - E where A - (B - C) where Impôt sur le revenu
Every reportable seller who fails to provide on request their TIN to a reporting platform operator that is required under this Part to make an information return requiring the TIN is liable to a penalty of $500 for each such failure, unless (a) an application for the assignment of the TIN is made to the relevant reportable jurisdiction not later than 90 days after the request was made and the TIN is provided to the reporting platform operator that requested it within 15 days after the reportable seller received it; or (b) the reportable seller is not eligible to obtain a TIN from the relevant reportable jurisdiction (including because the relevant reportable jurisdiction does not issue TINs). Assessment
The Minister may at any time assess any amount payable under subsection (3) by a reportable seller and, if the Minister sends a notice of assessment to the reportable seller, sections 150 to 163, subsections 164(1) and (1.4) to (7), sections 165 to 167 and Division J of Part I apply with such modifications as the circumstances require. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2023, c. 26, s. 78. Record keeping
Every reporting platform operator required by this Part to keep records that does so electronically shall retain them in an electronically readable format for the retention period referred to in subsection (3).
b) si elle est une fiducie intermédiaire de placement déterminée pour l’année, la somme positive ou négative obtenue par la formule suivante : A × B où : A représente la fraction décimale positive ou négative obtenue par la formule suivante : C + D - E où : C représente le taux net d’imposition du revenu des sociétés applicable à la fiducie pour l’année, D le taux d’imposition provincial des EIPD applicable à la fiducie pour l’année, E la fraction décimale correspondant au pourcentage figurant à l’alinéa a) pour l’année, B le montant de distribution imposable de la fiducie pour l’année; c) si le paragraphe (2) s’applique à la fiducie pour l’année d’imposition, la somme obtenue par la formule suivante : A - (B - C) où : A représente la somme qui serait déterminée pour l’élément B pour l’année si, à la fois : (i) le taux d’impôt de la fiducie prévu par la présente partie pour chaque année d’imposition visée à l’élément B était le taux d’imposition supérieur pour l’année, (ii) le revenu imposable de la fiducie pour une année d’imposition donnée visée à l’élément B est réduit du total des sommes suivantes : (A) une somme qui est payée ou distribuée à un particulier en règlement de tout ou partie de sa participation dans la fiducie à titre de bénéficiaire si les conditions ci-après sont réunies : (I) le particulier était un bénéficiaire optant de la fiducie pour l’année donnée, (II) il peut être raisonnable de considérer que la somme a été payée ou distribuée sur le revenu imposable pour l’année donnée, (III) la somme a été payée ou distribuée au cours d’une année d’imposition visée à l’élément B, Credits available to trusts (B) la somme qui est la partie de l’impôt payable en vertu de la présente partie par la fiducie pour l’année donnée et qu’il est raisonnable de considérer liée à la somme déterminée selon la division (A), (C) la somme qui est la partie de l’impôt payable en vertu du droit applicable dans la province dans laquelle la fiducie réside pour l’année d’imposition donnée et qu’il est raisonnable de considérer liée à la somme déterminée selon la division (A), B le total des sommes dont chacune représente le montant d’impôt payable par la fiducie en vertu de la présente partie pour une année d’imposition qui précède l’année en cause et qui est, selon le cas : (i) la dernière des années applicables suivantes : (A) la première année d’imposition pour laquelle la fiducie était une fiducie admissible pour personne handicapée, (B) la dernière année d’imposition pour laquelle le paragraphe (2) s’appliquait à la fiducie, (ii) une année d’imposition qui se termine après l’année d’imposition visée au sous-alinéa (i), C le total des sommes dont chacune représente un montant déterminé à la division (ii)(B) de l’élément A dans le calcul de la valeur de l’élément A pour l’année. Crédits non admis (1.1) Aucune somme ne peut être déduite en application des dispositions de la présente sous-section, à l’exception des articles 118.1, 120.2 et 121, dans le calcul de l’impôt payable par une fiducie pour une année d’imposition. Fiducie admissible pour personne handicapée — application de l’alinéa (1)c)
Every reporting platform operator that is required to keep, obtain or create records under this Part shall retain those records for a period of at least six years following the end of the last calendar year in respect of which the record is relevant. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2023, c. 26, s. 78. Anti-avoidance
Le présent paragraphe s’applique à une fiducie pour une année d’imposition donnée si la fiducie était une fiducie admissible pour personne handicapée pour une année d’imposition antérieure et qu’un des faits suivants s’avère : a) aucun des bénéficiaires de la fiducie à la fin de l’année donnée n’était un bénéficiaire optant de la fiducie pour une année antérieure; b) l’année donnée a pris fin immédiatement avant que la fiducie cesse de résider au Canada; Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2023, c. 26, s. 78. Listed Corporations AmeriCredit Financial Services of Canada Ltd. AVCO Financial Services Quebec Limited Canadian Cooperative Agricultural Financial Services Canadian Home Income Plan Corporation Citibank Canada Investment Funds Limited Citicapital Commercial Corporation/Citicapital Corporation Commerciale Citi Commerce Solutions of Canada Ltd. GMAC Residential Funding of Canada, Limited Household Commercial Canada Inc. Household Finance Corporation Limited Household Finance Corporation of Canada Household Realty Corporation Limited Merchant Retail Services Limited Principal Fund Incorporated RT Mortgage-Backed Securities Limited RT Mortgage-Backed Securities II Limited [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] ; 2013, c. 34, s. 366; 2023, c. 26, s. 79.
Definitions (a) the trust Impôt sur le revenu
(a) the individual claims an amount under subsection 118.1(3) of the Act in respect of the gift for the individual’s 2004 taxation year; (b) the gift was made to a registered charity listed under the International Humanitarian Assistance Program of the Canadian International Development Agency; (c) the individual directed the charity to apply the gift to the tsunami relief effort; and (d) the gift was in the form of cash or was transferred by way of cheque, credit card or money order.
D is the product obtained by multiplying $249 by the number of qualified dependants who have attained the age of 6 years before the month and have not attained the age of 7 years before the month and in respect of whom the person is an eligible individual at the beginning of the month, and Coming into force
c) une somme est payée ou distribuée au cours de l’année donnée à un bénéficiaire de la fiducie en règlement de tout ou partie de sa participation dans la fiducie, sauf si, selon le cas : (i) le bénéficiaire est un bénéficiaire optant de la fiducie pour l’année donnée ou pour une année antérieure, (ii) la somme est déduite en application de l’alinéa 104(6)(b) dans le calcul du revenu de la fiducie pour l’année donnée, (iii) la somme est payée ou distribuée en règlement du droit d’exiger le paiement d’une somme qui a été déduite en application de l’alinéa 104(6)(b) dans le calcul du revenu de la fiducie pour une année antérieure. Définitions
Les définitions qui suivent s’appliquent au présent article. bénéficiaire Sont comprises parmi les bénéficiaires d’une fiducie les personnes ayant un droit de bénéficiaire dans la fiducie. (beneficiary) bénéficiaire optant Pour une année d’imposition d’une fiducie, bénéficiaire de la fiducie qui, pour cette année, à la fois : a) fait le choix prévu à la division a)(iii)(A) de la définition de fiducie admissible pour personne handicapée au présent paragraphe; b) est visé à l’alinéa b) de cette définition. (electing beneficiary) montant de distribution non déductible Pour une année d’imposition, s’entend au sens du paragraphe 104(16). (non-deductible distributions amount) fiducie admissible pour personne handicapée Est une fiducie admissible pour personne handicapée pour une année d’imposition (appelée « année de la fiducie » à la présente définition) la fiducie à l’égard de laquelle les faits ci-après s’avèrent : a) la fiducie, à la fois : (i) est, à la fin de l’année de la fiducie, une fiducie testamentaire qui a commencé à exister au décès d’un particulier donné ou sur suite de ce décès, (ii) réside au Canada pour l’année de la fiducie, (iii) inclut ce qui suit dans sa déclaration de revenu produite en vertu de la présente partie pour l’année de la fiducie : (A) un choix fait conjointement avec un ou plusieurs bénéficiaires de la fiducie, en la forme prescrite, c) subsection (2) does not apply to the trust for the trust year. (fiducie admissible pour personne handicapée) A/(1 - (B + C)) where [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 122; 2001, c. 17, s. 105; 2007, c. 2, s. 12; 2008, c. 28, s. 18; 2013, c. 34, ss. 13, 257; 2014, c. 39, s. 38; 2016, c. 7, s. 62, c. 15, s. 5; 2017, c. 33, s. 46. Definitions (A) son choix, fait sur le formulaire prescrit conjointement avec un ou plusieurs de ses bénéficiaires, d’être une fiducie admissible pour personne handicapée pour l’année de la fiducie, (B) le numéro d’assurance sociale de chacun de ces bénéficiaires; b) chacun de ces bénéficiaires est un particulier qui est nommé, par le particulier donné dans l’acte aux termes duquel la fiducie a été établie, à titre de bénéficiaire et à l’égard duquel les faits ci-après s’avèrent : (i) les alinéas 118.3(1)(a) à (b) s’appliquent à lui pour son année d’imposition (appelée « année de bénéficiaire » à la présente définition) dans laquelle l’année de la fiducie prend fin, (ii) il ne fait pas le choix, conjointement avec une autre fiducie pour une année d’imposition de celle-ci se terminant dans l’année du bénéficiaire, d’être une fiducie admissible pour personne handicapée; c) le paragraphe (2) ne s’applique pas à la fiducie pour l’année de la fiducie. (qualified disability trust) montant de distribution imposable d’une fiducie intermédiaire de placement déterminée pour une année d’imposition correspond à la moins élevée des sommes suivantes : a) son montant imposable pour l’année; b) la somme obtenue par la formule suivante : A/(1 - (B + C)) où : A représente son montant de distribution non déductible pour l’année, B le taux net d’imposition du revenu des sociétés qui lui est applicable pour l’année, C le taux d’imposition provincial des EIPD applicable à la fiducie pour l’année. (taxable SIFT trust distributions) montant de distribution non déductible S’entend au sens du paragraphe 104(6). (non-deductible distributions amount) [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs applicables.] L.R. (1985), ch. 1 (5e suppl.), art. 122; 2001, ch. 17, art. 105; 2007, ch. 2, art. 12; 2008, ch. 28, art. 18; 2013, ch. 34, art. 13, 257; 2014, ch. 39, art. 38; 2016, ch. 7, art. 62, ch. 15, art. 5; 2017, ch. 33, art. 46. Définitions
(i) the entity, or entity means a corporation, trust or partnership. (entité) bien admissible de FPI Est un bien admissible de FPI d’une fiducie à un moment donné le bien qu’elle détient à ce moment et qui est, à ce même moment : a) un bien immeuble ou réel qui est une immobilisation, un bien de revente admissible, une dette d’une société canadienne représentée par une acceptation bancaire, un bien visé aux alinéas a) ou b) de la définition de placement admissible à l’article 204 ou un dépôt auprès d’une caisse de crédit; b) un titre d’une entité déterminée dont la totalité ou la presque totalité du revenu brut de FPI, pour son année d’imposition se terminant dans l’année d’imposition de la fiducie qui comprend ce moment, provient de l’entretien, de l’amélioration, de la location ou de la gestion de biens immeubles ou réels qui sont des immobilisations de la fiducie ou d’une entité dont elle détient une action ou une participation, y compris les biens immeubles ou réels que la fiducie ou une telle entité détient de concert avec une ou plusieurs autres personnes ou sociétés de personnes; c) un titre d’une entité déterminée dont les seuls biens sont constitués des biens suivants : (i) le titre de propriété de biens immeubles ou réels de la fiducie ou d’une autre entité déterminée dont l’ensemble des titres sont détenus par la fiducie, y compris les biens immeubles ou réels que la fiducie ou cette autre entité déterminée détient de concert avec une ou plusieurs autres personnes ou sociétés de personnes, (ii) tout bien visé à l’alinéa d); d) un bien qui est accessoire à l’activité de la fiducie qui consiste à gagner les sommes visées aux sous-alinéas b)(i) et (ii) de la définition de fiducie de placement immobilier, à l’exception des biens suivants : (i) des capitaux propres d’une entité, (ii) une créance hypothécaire, un prêt mezzanine ou une créance semblable. (qualified REIT property) bien de revente admissible Est un bien de revente admissible d’une entité son bien réel ou réel (sauf une immobilisation) à l’égard duquel les faits ci-après s’avèrent : a) le bien est contigu à un bien immeuble ou réel donné qui est une immobilisation ou un bien de revente admissible, détenu : Income Tax PART I Income Tax DIVISION B Computation of Tax SUBDIVISION A Rules Applicable to Individuals
For the purposes of subsection (1), specified RDSP event means an event occurring after 2008 and before March 3, 2009 that (a) establishes a disability savings plan as defined in subsection 146.4(1) of the Income Tax Act; (c) establishes a registered disability savings plan as defined in subsection 146.4(1) of the Income Tax Act for a beneficiary who is, in respect of the 2008 taxation year, a DTC-eligible individual as defined in subsection 146.4(1) of the Income Tax Act and who was resident in Canada at the end of that year; (e) satisfies the requirement in paragraph 3(b) of the Canada Disability Savings Regulations; or (f) is the taking of any other action to ensure that the registered disability savings plan is validly established and contributions to the plan are validly made. Consolidated Revenue Fund
(iii) a SIFT trust (determined without reference to subsection 197(8)), (iv) a SIFT partnership (determined without reference to subsection 197(8)), (vi) an excluded subsidiary entity for the taxation year. (filiale exclue) (a) means (i) soit par l’entité, (ii) soit par une autre entité affiliée à l’entité; b) sa détention est accessoire à la détention du bien donné. (eligible resale property) bien hors portefeuille Sont des biens hors portefeuille d’une entité donnée pour une année d’imposition les biens ci-après qu’elle détient à un moment de l’année : a) des titres d’une entité déterminée (sauf une entité de placement de portefeuille), si l’entité donnée détient, à ce moment, des titres de cette entité qui, selon le cas : (i) ont une juste valeur marchande totale qui excède 10 % de la valeur des capitaux propres de l’entité déterminée, (ii) compte tenu des titres d’entités affiliées à l’entité déterminée que l’entité donnée détient, ont une juste valeur marchande totale qui excède 50 % de la valeur des capitaux propres de l’entité donnée; b) des biens canadiens immeubles, réels ou miniers, tels des biens détenus par l’entité donnée qui sont des biens canadiens immeubles, réels ou miniers excédant 50 % de la valeur de ses capitaux propres; c) des biens que l’entité donnée, ou une personne ou une société de personnes avec laquelle elle a un lien de dépendance, utilise à ce moment dans le cadre de l’exploitation d’une entreprise au Canada. (non-portfolio property) bien immeuble ou réel a) Sont compris parmi les biens immeubles ou réels d’un contribuable : (i) les titres détenus par lui qui sont des titres d’une fiducie qui remplit les conditions énoncées aux alinéas a) à d) de la définition de fiducie de placement immobilier ou des titres d’une autre entité qui remplirait ces conditions si elle était une fiducie, (ii) les droits réels sur les immeubles ou les intérêts sur les biens réels, sauf les droits à un loyer ou une redevance visé aux alinéas d) ou e) de la définition de avoir minier canadien au paragraphe 66(15); b) en sont exclus les biens amortissables, sauf les suivants : exceeds (i) the total of exceeds (i) les biens compris dans les catégories 1, 3 ou 31 de l’annexe II du Règlement de l’impôt sur le revenu autrement que par suite d’un choix prévu par règlement, (ii) les biens qui sont accessoires à la propriété ou à l’utilisation d’un bien visé au sous-alinéa (i), (iii) les baux ou les droits de tenure à bail visant les fonds de terre ou les biens visés au sous-alinéa (i). (real or immovable property) capital innovateur réglementé Capitaux propres d’une fiducie, dans le cas où, à la fois : a) depuis novembre 2006, les capitaux propres sont autorisés par le surintendant des institutions financières, ou par un organisme de réglementation provincial doté de pouvoirs semblables à ceux du surintendant, à titre de fonds propres de catégorie 1 ou de catégorie 2 d’une institution financière, au sens du paragraphe 181(1); b) les modalités des capitaux propres n’ont pas changé après le 1er août 2008; c) la fiducie n’a pas émis de capitaux propres après le 31 octobre 2006; d) les seuls biens hors portefeuille détenus par la fiducie sont : (i) des dettes de l’institution financière, (ii) des actions du capital-actions de l’institution financière que la fiducie a acquises dans le seul but de satisfaire un droit d’exiger de la fiducie qu’elle accepte, comme l’exige un détenteur des capitaux propres, le rachat de ces capitaux. (regulated innovative capital) capitaux propres Les biens ci-après d’une entité : a) si l’entité est une société, une action de son capital-actions; b) si elle est une fiducie, une participation au revenu ou au capital de la fiducie; c) si elle est une société de personnes, une participation à titre d’associé de la société de personnes; d) une dette de l’entité (et, pour l’application de la définition de dette transigée publiquement au présent article, une titre de l’entité qui est une dette d’une autre entité), si, selon le cas : portfolio investment entity at any time means an entity that does not at that time hold any non-portfolio property. (entité de placement de portefeuille) (i) la dette est convertible en capitaux propres de l’entité ou d’une autre entité ou est échangeable contre de tels capitaux, (ii) toute somme payée ou payable au titre de la dette est conditionnelle à l’utilisation de biens, ou dépend de la production en provenant, ou est calculée en fonction soit des recettes, des bénéfices, de la marge d’autofinancement, du prix des marchandises ou d’un autre ensemble semblable, soit des dividendes payés ou payables aux actionnaires d’une catégorie d’actions du capital-actions d’une société, soit du revenu ou du capital payé ou payable à un bénéficiaire d’une fiducie; (e) le droit à l’un des éléments visés au présent alinéa ou aux alinéas a) à d) ou le droit d’acquérir l’un de ces éléments. (equity) dette non affiliée transigée publiquement Est une dette non affiliée transigée publiquement d’une entité à un moment donné toute dette transigée publiquement de l’entité si, à ce moment, la juste valeur marchande de toutes les dettes transigées publiquement qui sont des éléments de passif de l’entité et qui ne sont pas des capitaux propres de l’entité et qui ne sont pas des éléments de passif de personnes qui ne lui sont pas affiliées représente au moins 90 % de la juste valeur marchande totale de l’ensemble des dettes transigées publiquement. (unaffiliated publicly-traded liability) dette transigée publiquement Est une dette transigée publiquement d’une entité la dette qui, à la fois, est un titre de l’entité, ne fait pas partie de ses capitaux propres et est cotée ou négociée sur une bourse de valeurs ou un autre marché public. (publicly-traded liability) entité Société, fiducie ou société de personnes. (entity) entité de placement de portefeuille Est une entité de placement de portefeuille à un moment donné toute entité qui ne détient aucun bien hors portefeuille à ce moment. (portfolio investment entity) entité déterminée Personne ou société de personnes qui est, selon le cas : a) une société résidant au Canada; b) une fiducie résidant au Canada; c) une société de personnes résidant au Canada; d) une personne non-résidente, ou une société de personnes visée à l’alinéa c), dont la principale source de revenu est une ou plusieurs sources situées au Canada. (subject entity) Income Tax PART I Income Tax DIVISION D Computation of Tax SUBDIVISION A Rules Applicable to Individuals
payments to a person or partnership out of the Consolidated Revenue Fund, at the times and in the manner that the Minister considers appropriate. Payment out of Consolidated Revenue Fund
(ii) property described in paragraph (d); or (i) an equity of an entity, or (ii) a mortgage, hypothecary claim, mezzanine loan or similar obligation. (bien admissible de FPI) (ii) interest, (iv) dividends, (v) royalties, and (vi) dispositions of eligible resale properties; Impôt sur le revenu
(32.1) The Minister of Finance must prepare a report on proposed measures to (a) prevent publicly traded companies and their subsidiaries from paying dividends or repurchasing their own shares while receiving the Canada Emergency Wage Subsidy, for the period that is after the tabling of the report under subsection (32.2); and (b) recover wage subsidy amounts from publicly traded companies and their subsidiaries that paid dividends or repurchased their own shares while receiving the Canada Emergency Wage Subsidy, for the period that is before the tabling of the report under subsection (32.2). (32.2) The Minister of Finance must cause the report to be tabled in each House of Parliament no later than 30 days after the day on which this Act receives royal assent or, if either House is not then sitting, on any of the first 15 days on which that House is sitting.
Before 2026, the taxpayer may file an election with the Minister of National Revenue to include income that is described in paragraph (b.01) of the definition earned income in subsection 146(1) of the Act, and received by the taxpayer after 2010 and before 2021, for the purposes of computing the taxpayer’s RRSP deduction limit (as defined in that subsection) on or after the date the election is filed.
For the purpose of determining if the condition in paragraph 93.3(2)(e) of the Act, as amended by subsection (4), is met at any particular time on or after January 1, 2022, if a non-resident corporation has a beneficial interest in a trust resident in India at the beginning of the day on January 1, 2022, the non-resident corporation is deemed to have first acquired a beneficial interest in the trust at that time.
(ii) reimbursement of costs incurred in relation to a decision of the Canada Employment Insurance Commission under the *Employment Insurance Act* or to an appeal of such a decision to the Social Security Tribunal or the Employment Insurance Board of Appeal under the *Department of Employment and Social Development Act*,
fiducie de placement immobilier Est une fiducie de placement immobilier pour une année d’imposition la fiducie qui réside au Canada tout au long de l’année et qui remplit les conditions suivantes : a) la juste valeur marchande totale des biens hors portefeuille qui sont des biens admissibles de FPI qu’elle détient n’est à aucun moment de l’année inférieure à 90 % de la juste valeur marchande totale de l’ensemble des biens hors portefeuille qu’elle détient; b) au moins 90 % de son revenu brut de FPI pour l’année provient d’une ou plusieurs des sources suivantes : (i) loyers de biens immeubles ou réels, (ii) intérêts, (iii) dispositions de biens immeubles ou réels qui sont des immobilisations, (iv) dividendes, (v) redevances, (vi) dispositions de biens de revente admissibles; c) au moins 75 % de son revenu brut de FPI pour l’année provient d’une ou de plusieurs des sources suivantes : (i) loyers de biens immeubles ou réels, (ii) intérêts d’hypothèques sur des biens immeubles ou réels, (iii) dispositions de biens immeubles ou réels qui sont des immobilisations; d) la juste valeur marchande totale des biens qu’elle détient, dont chacun est un bien immeuble ou réel qui est une immobilisation, un bien de revente admissible, une dette d’une société canadienne représentée par une acceptation bancaire au sens du sous-alinéa a)(i) ou b) de la définition de placement admissible à l’article 204 ou un dépôt auprès d’une caisse de crédit, n’est à aucun moment de l’année inférieure à 75 % de la valeur de ses capitaux propres au moment considéré; e) les placements qui y sont faits sont cotés ou négociés, au cours de l’année, sur une bourse de valeurs ou un autre marché public. (real estate investment trust) Income Tax PART I Income Tax DIVISION B Computation of Tax SUBDIVISION A Rules Applicable to Individuals
(ii) a decision of the Canada Employment Insurance Commission under the *Employment Insurance Act* or to an appeal of such a decision to the Social Security Tribunal or the Employment Insurance Board of Appeal under the *Department of Employment and Social Development Act*,
real or immovable property, of a taxpayer, (ii) an interest in real property or a real right in immovables (other than a right to a rental or royalty described in paragraph (d) or (e) of the definition “Canadian resource property” in subsection 66(15)); but (bien immeuble ou réel) fiducie intermédiaire de placement déterminée Est une fiducie intermédiaire de placement déterminée pour une année d’imposition la fiducie (sauf celle qui est une filiale exclue ou une fiducie de placement immobilier pour l’année) qui répond aux conditions suivantes au cours de l’année : a) elle réside au Canada; b) les placements qui y sont faits sont cotés ou négociés sur une bourse de valeurs ou un autre marché public; c) elle détient un ou plusieurs biens hors portefeuille. (SIFT trust) filiale exclue Est une filiale exclue pour une année d’imposition l’entité dont les capitaux propres ne sont, à aucun moment de l’année : a) ni cotés ou négociés sur une bourse de valeurs ou un autre marché public; b) ni détenus par une personne ou une société de personnes autre que les suivants : (i) une fiducie de placement immobilier, (ii) une société canadienne imposable, (iii) une fiducie intermédiaire de placement déterminée (compte non tenu du paragraphe (2)), (iv) une société de personnes intermédiaire de placement déterminée (compte non tenu du paragraphe 197(8)), (v) une personne ou une société de personnes qui n’a pas, relativement à la détention d’un titre de l’entité, de biens dont la valeur est déterminée en tout ou en partie par rapport à un titre qui est coté ou négocié sur une bourse de valeurs ou un autre marché public, (vi) une filiale exclue pour l’année. (excluded subsidiary entity) gains hors portefeuille Les gains hors portefeuille d’une fiducie intermédiaire de placement déterminée pour une année d’imposition correspondent au total des sommes suivantes : a) l’excédent éventuel de la somme visée au sous-alinéa (ii) sur la somme visée au sous-alinéa (i) : (i) le total des sommes représentant chacune le revenu de la fiducie pour l’année provenant soit d’une Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
(v) the Minister designated for the purposes of the *Canada Education Savings Act*,
(d) the trust does not hold any non-portfolio property other than (iii) [Repealed, 2013, c. 34, s. 258] (iv) rent based on profits. (loyer de biens immeubles ou réels) (a) a liability of the particular entity; Impôt sur le revenu
The definition *subscriber* in subsection 146.1(1) of the Act is amended by striking out “or” at the end of paragraph (b), by adding “or” at the end of (d) the Minister designated for the purposes of the Canada Education Savings Act, if that Minister entered into the plan with a promoter Replacement of Canada–Newfoundland and Labrador Atlantic Accord Implementation Act — Acts
(g) in the Income Tax Act, (ii) the definition Newfoundland offshore area in subsection 248(1); Replacement of “Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act” in other federal Acts
(g) in the Income Tax Act, (ii) the definition Nova Scotia offshore area in subsection 248(1); and
b) l’excédent éventuel de la somme visée au sous-alinéa (i) sur la somme visée au sous-alinéa (ii) : (ii) le total des sommes représentant chacune la perte de la fiducie pour l’année résultant soit d’une entreprise qu’elle exploite au Canada, soit d’un bien hors portefeuille; (iii) le total des sommes suivantes : (A) les gains en capital imposables de la fiducie provenant de la disposition au cours de l’année de biens hors portefeuille, (B) la moitié du total des sommes dont chacune est réputée en vertu du paragraphe 131(1) être un gain en capital de la fiducie pour l’année réalisée à l’un de ses biens hors portefeuille pour l’année, (ii) le total des pertes en capital déductibles de la fiducie pour l’année résultant de la disposition au cours de l’année de biens hors portefeuille. (non-portfolio earnings) loyer de biens immeubles ou réels a) Sont compris parmi les loyers de biens immeubles ou réels : (i) les loyers et paiements semblables pour l’usage, ou le droit d’usage, de biens immeubles ou réels, (ii) les sommes payées contre des services accessoires à la location de biens immeubles ou réels, qui sont habituellement fournis ou rendus dans le cadre de la location de tels biens; (iii) [Abrogé, 2013, ch. 34, art. 258] b) ne sont pas compris parmi ces loyers : (i) les sommes payées contre des services fournis ou rendus aux locataires de biens immeubles ou réels, à l’exception des services visés au sous-alinéa a)(ii), (ii) les frais de gestion ou d’exploitation de biens immeubles ou réels, (iii) les sommes payées pour l’occupation, l’usage ou le droit d’usage d’une chambre dans un hôtel ou un autre établissement semblable, Income Tax PART I Income Tax DIVISION D Computation of Tax SUBDIVISION A Rules Applicable to Individuals
(e) a right to, or to acquire, anything described in this paragraph and any of paragraphs (a) to (d). (titre) (c) the trust holds one or more non-portfolio properties. (fiducie intermédiaire de placement déterminée) (a) a corporation resident in Canada; (d) a non-resident person, or a partnership that is not described in paragraph (c), the principal source of income of which is one or any combination of sources in Canada. (entité déterminée) Impôt sur le revenu
(iv) le loyer fondé sur les bénéfices. (rent from real or immovable properties) marché public S’entend notamment d’un système de commerce, ou d’un autre mécanisme organisé, où des titres, susceptibles d’émission publique, sont cotés ou négociés. En est exclu tout mécanisme qui est mis en œuvre dans le seul but de permettre l’émission d’un titre ou d’en permettre le rachat, l’acquisition ou l’annulation par l’émetteur. (public market) placement a) Sont des placements dans une fiducie ou une société de personnes : (i) le bien qui est un titre de la fiducie ou de la société de personnes, (ii) le droit qu’il est raisonnable de considérer comme représentant le rendement ou la valeur d’un titre de la fiducie ou de la société de personnes; b) ne sont pas visés : (i) la dette non affiliée transigée publiquement d’une fiducie ou d’une société de personnes, (ii) le capital innovateur réglementé. (investment) revenu brut de FPI Le revenu brut de FPI d’une entité pour une année d’imposition s’entend de l’excédent du total des sommes reçues ou à recevoir par l’entité au cours de l’année, selon la méthode qu’elle emploie habituellement pour le calcul de son revenu, sur le total des sommes dont chacune représente le coût pour elle d’un bien dont il est disposé au cours de l’année. (gross REIT revenue)
a) toute dette de l’entité donnée; b) si l’entité donnée est une société : (i) toute action de son capital-actions, Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
Impôt sur le revenu
(ii) tout droit de contrôler, de quelque manière que ce soit, les droits de vote rattachés à une action de son capital-actions; c) si elle est une fiducie, toute participation au revenu ou au capital de la fiducie; d) si elle est une société de personnes, toute participation à titre d’associé de la société de personnes; e) le droit à l’un des éléments visés au présent alinéa ou aux alinéas a) à d) ou le droit d’acquérir l’un de ces éléments. (security) valeur des capitaux propres La valeur des capitaux propres d’une entité à un moment donné correspond à la juste valeur marchande des intérêts suivants, de qui suit : a) si l’entité est une société, l’ensemble des actions émises et en circulation de son capital-actions; b) si elle est une fiducie, l’ensemble des participations au revenu ou au capital de la fiducie; c) si elle est une société de personnes, l’ensemble des participations dans la société de personnes. (equity value) Application of subsection (1.2) Application du paragraphe (1.2) (1.1) Le paragraphe (1.2) s’applique à une entité pour une année d’imposition relativement à une somme et à une autre entité (appelées respectivement « entité mère », « somme déterminée » et « entité d’origine » au présent paragraphe et au paragraphe (1.2)) si les conditions ci-après sont réunies : a) à un moment de l’année, l’entité mère, selon le cas : (i) est affiliée à l’entité d’origine, (ii) détient des titres de l’entité d’origine qui : (A) d’une part, sont visés à l’un des alinéas a) à c) de la définition de capitaux propres au paragraphe (1), (B) d’autre part, ont une juste valeur marchande totale qui excède 10 % de la valeur des capitaux propres de l’entité d’origine; b) la somme déterminée est incluse dans le calcul du revenu brut de FPI de l’entité mère pour l’année relativement à un titre de l’entité d’origine que l’entité mère détient; c) dans le cas d’une entité d’origine qui est une entité visée décrite à l’alinéa b) de la définition de bien admissible de FPI au paragraphe (1) relativement à l’entité mère à tout moment de l’année d’imposition à c) dans le cas d’une entité d’origine qui est une entité déterminée visée à l’alinéa b) de la définition de bien admissible de FPI au paragraphe (1) relativement à l’entité mère à tout moment de l’année où celle-ci détient des titres de l’entité d’origine, il n’est pas raisonnable de considérer que la somme déterminée provient du revenu brut de FPI de l’entité d’origine tiré de l’entretien, de l’amélioration, de la location ou de la gestion de biens immeubles ou réels qui sont des immobilisations de l’entité mère ou d’une entité dont elle détient une action ou dans laquelle elle détient une participation, y compris les biens immeubles ou réels que l’entité mère ou une telle entité détient de concert avec une ou plusieurs autres sociétés ou sociétés de personnes. Revenu de même nature (1.2) Si le présent paragraphe s’applique à une entité mère pour une année d’imposition relativement à une somme déterminée et à une entité d’origine, pour l’application de la définition de fiducie de placement immobilier au paragraphe (1) dans la mesure où il est raisonnable de considérer que la somme déterminée provient du revenu brut de FPI de l’entité d’origine ayant une nature particulière, la somme déterminée est réputée être du revenu brut de FPI de l’entité mère ayant la même nature et ne pas être du revenu d’une autre nature. Nature du revenu — arrangements de couverture (1.3) Les règles ci-après s’appliquent à la définition de fiducie de placement immobilier au paragraphe (1) : a) toute somme qui est incluse dans le revenu brut de FPI d’une fiducie pour une année d’imposition et qui découle d’une convention qu’il est raisonnable de considérer comme ayant été conclue par la fiducie dans le but de réduire le risque que présentent pour elle les fluctuations des taux d’intérêt relatifs aux dettes qu’elle contracte ou refinance pour acquérir ou rénover des biens immeubles ou réels est réputée être de même nature que le revenu brut de FPI relatif aux biens immeubles ou réels et ne pas être d’une autre nature; b) si un bien immeuble ou réel est situé dans un pays étranger et que l’un des faits ci-après se vérifie à l’égard d’une somme incluse dans le revenu brut de FPI d’une fiducie pour une année d’imposition, la somme est réputée être de même nature que le revenu brut de FPI relatif au bien immeuble ou réel et ne pas être d’une autre nature : (i) la somme représente un gain provenant des fluctuations de la valeur de la monnaie de ce pays par rapport au dollar canadien, constaté : (a) 2011, and [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] : 2007, c. 29, s. 13, c. 35, s. 41; 2009, c. 2, s. 36; 2013, c. 34, s. 296, c. 40, s. 51.
[NOTE: Application provisions are not included in this consolidated text; see relevant amending Acts and regulations.] : R.S., 1985, c. 1 (5th Supp.), s. 122.2; 1994, c. 7, Sch. VII, s. 10; 1988, c. 19, s. 138. (A) soit sur un revenu relatif au bien immeuble ou réel, (B) soit sur une dette contractée par la fiducie dans le but de tirer un revenu relatif à ce bien, (ii) la somme découle d’une convention qui, à la fois : (A) prévoit l’achat, la vente ou l’échange de monnaie, (B) selon ce qu’il est raisonnable de considérer, a été conclue par la fiducie dans le but de réduire le risque que représentent pour elle les fluctuations visées au sous-alinéa (i). Application de la définition de fiducie intermédiaire de placement déterminée
La définition de fiducie intermédiaire de placement déterminée s’applique à une fiducie pour ses années d’imposition se terminant après 2006. Toutefois, dans le cas où la fiducie aurait été une fiducie intermédiaire de placement déterminée le 31 octobre 2006 si cette définition avait été en vigueur et s’était appliquée à la fiducie à cette date, la définition ne s’applique pas à la fiducie pour ses années d’imposition qui se terminent avant 2011 ou, si elle est antérieure, avant le premier jour après le 15 décembre 2006 où sa croissance excède ce qui constitue une croissance normale d’après les précisions publiées par le ministère des Finances le 15 décembre 2006, et leurs modifications successives, sauf si l’excédent découle d’une opération visée par règlement. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] : 2007, ch. 29, art. 13, ch. 35, art. 41; 2009, ch. 2, art. 36; 2013, ch. 34, art. 296, ch. 40, art. 51.
[NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] : L.R. (1985), ch. 1 (5e suppl.), art. 122.2; 1994, ch. 7, ann. VII, art. 10; 1988, ch. 19, art. 138. Crédit d’impôt pour emploi à l’étranger
a) d’une part, il a été employé par une personne qui était un employeur déterminé, dans un but autre que celui de fournir des services en vertu d’un programme, visé par règlement, d’aide au développement international du gouvernement du Canada; (A) the exploration for or exploitation of petroleum, natural gas, minerals or other similar resources, (C) any prescribed activity, or (ii) for the purpose of obtaining, on behalf of the specified employer, a contract to undertake any of the activities referred to in clause 122.3(1)(b)(i)(A), 122.3(1)(b)(i)(B) or 122.3(1)(b)(i)(C), exceeds b) d’autre part, il a exercé la totalité, ou presque, des fonctions de son emploi à l’étranger : (i) dans le cadre d’un contrat en vertu duquel l’employeur déterminé exploitait une entreprise à l’étranger se rapportant à, selon le cas : (A) l’exploration pour la découverte ou l’exploitation de pétrole, de gaz naturel, de minéraux ou d’autres ressources semblables, (B) un projet de construction ou d’installation, ou un projet agricole ou d’ingénierie, (C) toute activité visée par règlement, (ii) dans le but d’obtenir, pour le compte de l’employeur déterminé, un contrat pour la réalisation des activités visées à la division (i)(A), (B) ou (C), peut être déduit du montant qui serait, sans le présent article, l’impôt à payer par le particulier pour l’année en vertu de la présente partie une somme égale à la fraction de l’impôt qu’il est par ailleurs tenu de payer pour l’année en vertu de la présente partie que représente le moindre des éléments suivants : c) la proportion de la somme déterminée pour l’année que représente par rapport à 365 le nombre de jours : (i) d’une part, compris dans la partie de la période admissible qui est au cours de l’année, (ii) d’autre part, au cours desquels le particulier résidait au Canada; d) le pourcentage déterminé pour l’année de son revenu pour l’année tiré de cet emploi qu’il est raisonnable d’attribuer aux fonctions exercées au cours des jours mentionnés à l’alinéa c), par rapport à : e) l’excédent éventuel du montant applicable suivant : (i) si le particulier réside au Canada tout au long de l’année, son revenu pour l’année, (ii) s’il est un non-résident à un moment de l’année, le montant déterminé selon l’alinéa 114a) à son égard pour l’année, sur : (iii) le total des montants représentant chacun une somme déduite en application de l’article 110.6 ou de l’alinéa 111(1)b), ou déductible en application (1.01) For the purposes of paragraph (1)(c), the specified amount for a taxation year of an individual is [80,000 × A/(A + B)] + [C × B/(A + B)] where C is (1.02) For the purposes of paragraph (1)(d), the specified percentage for a taxation year of an individual is [80% × A/(A + B)] + [C × B/(A + B)] where C is (a) if (ii) the individual Definitions
In subsection 122.3(1), specified employer means (a) a person resident in Canada, Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
(c) a corporation that is a foreign affiliate of a person resident in Canada; (employeur déterminé) means the amount that, but for this section, sections 120 and 120.2, subsection 120.4(2) and sections 121, 126, 127 and 127.4, would be the tax payable under this Part for the year. (impôt qu’il est par ailleurs tenu de payer pour l’année en vertu de la présente partie) Note: The application provisions are not included in the consolidated text; see relevant amended acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 122.3; 1994, c. 7, Sch. II, s. 89, c. 21, s. 56; 1997, c. 25, s. 31; 2000, c. 19, s. 31; 2001, c. 17, s. 106; 2002, c. 9, s. 37; 2012, c. 31, s. 26; 2013, c. 34, s. 489; 2017, c. 20, s. 18. Définitions
revenu ajusté En ce qui concerne une personne au titre d’une année d’imposition : a) s’il s’agit d’une personne résidant au Canada à la fin de l’année ou, si elle est décédée au cours de l’année, à la date de son décès, le revenu de la personne pour l’année, calculé comme si aucun montant n’était inclus : (i) en application du sous-alinéa 56(1)(q.1) ou du paragraphe 56(6), (ii) à l’égard d’un gain provenant de la disposition d’un bien visé à l’article 79, (iii) à l’égard d’un gain visé au paragraphe 40(3.21); b) dans les autres cas, le formulaire prescrit contenant les renseignements prescrits qui est présenté au ministre pour l’année. (return of income) époux ou conjoint de fait visé S’entend au sens de l’article 122.6. (cohabiting spouse or common-law partner) particulier admissible Par rapport à un mois déterminé d’une année d’imposition, particulier, à l’exception d’une fiducie, qui, avant ce mois, selon le cas : a) avait atteint l’âge de 19 ans; b) a résidé avec un enfant dont il était le père ou la mère; c) était marié ou vivait en union de fait. (eligible individual) personne à charge admissible Est une personne à charge admissible d’un particulier par rapport à un mois Definitions (i) under paragraph 56(1)(q.1) or subsection 56(6), (b) deductible under paragraph 20(1)(ww) or 60(v) or (z). (revenu rajusté) cohabiting spouse or common-law partner of an individual at any time has the meaning assigned by section 122.6. (époux ou conjoint de fait visé) (a) has, before the specified month, attained the age of 19 years; or (b) was, at any time before the specified month, Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
qualified dependant of an individual, in relation to a month specified for a taxation year, means a person who at the beginning of the specified month (d) is not an eligible individual in relation to the specified month; and (e) is not a qualified relation of any individual in relation to the specified month. (personne à charge admissible) (b) in any other case, a prescribed form containing prescribed information that is filed for the taxation year with the Minister. (déclaration de revenu) (a) died before the specified month; (d) is at the beginning of the specified month a person described in paragraph 149(1)(a) or (b); or A - B where (a) $213, (b) $213 for the qualified relation, if any, of the individual in relation to the specified month, (d) $112 times the number of qualified dependants of the individual in relation to the specified month, other than a qualified dependant in respect of whom an amount is included under paragraph (c) in computing the total for the specified month, (b) est détenue dans une prison ou dans un établissement semblable pendant une période d’au moins 90 jours qui comprend le premier jour de ce mois; c) est une personne non-résidente au début de ce mois, à l’exception d’une personne non-résidente qui, à la fois : (i) est, à ce moment, l’époux ou le conjoint de fait visé d’une personne qui est réputée, par le paragraphe 250(1), résider au Canada tout au long de l’année d’imposition qui comprend le premier jour de ce mois, (ii) a résidé au Canada à un moment antérieur à ce mois; d) est, au début de ce mois, une personne visée à l’alinéa 149(1)a) ou b); e) est quelqu’un pour qui une allocation spéciale prévue par la Loi sur les allocations spéciales pour enfants est payable pour ce mois. Montant réputé versé au titre de l’impôt
Le particulier admissible par rapport à un mois déterminé d’une année d’imposition qui produit une déclaration de revenu pour l’année est réputé avoir payé au cours de ce mois, au titre de son impôt payable en vertu de la présente partie pour l’année, un montant égal au quart du montant obtenu par la formule suivante : A - B où : A représente la somme des montants suivants : a) 213 $, b) 213 $ pour son proche admissible par rapport à ce mois, c) 213 $, s’il n’a pas de proche admissible par rapport à ce mois, mais peut déduire un montant pour l’année en application du paragraphe 118(1), par l’effet de l’alinéa c) de la description de B au même paragraphe, à l’égard d’une de ses personnes à charge admissibles par rapport à ce mois, d) le produit de la multiplication de 112 $ par le nombre de ses personnes à charge admissibles par rapport à ce mois, à l’exclusion d’une telle personne pour laquelle un montant est inclus en application de l’alinéa c) dans le calcul du total pour le mois déterminé, e) si, par rapport à ce mois, il n’a pas de proche admissible, mais a une ou plusieurs personnes à charge admissibles, 112 $. A – B – C where (a) $580, (b) $580 for the qualified relation, if any, of the individual in relation to the specified month, (d) 306 times the number of qualified dependants of the individual in relation to the specified month, other than a qualified dependant in respect of whom an amount is included under paragraph (c) in computing the total for the specified month, Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
where (a) $918, (b) $918 for the qualified relation, if any, of the individual in relation to the specified month, (d) $483 times the number of qualified dependants of the individual in relation to the specified month, other than a qualified dependant in respect of whom an amount is included under paragraph (c) in computing the total for the specified month, (3.003) An eligible individual in relation to a month specified for a taxation year who files a return of income
where (a) $918, (b) $918 for the qualified relation, if any, of the individual in relation to the specified month, (d) $483 times the number of qualified dependants of the individual in relation to the specified month, other than a qualified dependant in respect of whom an amount is included under paragraph (c) in computing the total for the specified month, Shared-custody parent 1/2 × (A + B) déclaration de revenu pour l’année est réputé avoir payé au cours de ce mois, au titre de son impôt payable en vertu de la présente partie pour l’année, le montant obtenu par la formule suivante : 0,25 × (A – B) – C où : A représente la somme des montants suivants : a) 918 $, b) 918 $ pour son proche admissible par rapport à ce mois, c) 918 $, s’il n’a pas de proche admissible par rapport à ce mois, mais peut déduire un montant pour l’année en application du paragraphe 118(1), par l’effet de l’alinéa 118(1)b), à l’égard de une des personnes à charge admissibles par rapport à ce mois, d) le produit de la multiplication de 483 $ par le nombre de ses personnes à charge admissibles par rapport à ce mois, à l’exclusion d’une telle personne pour laquelle un montant est inclus en application de l’alinéa c) dans le calcul du total pour ce mois, e) si, par rapport à ce mois, il n’a pas de proche admissible, mais a une ou plusieurs personnes à charge admissibles, 483 $, f) si, par rapport à ce mois, il n’a ni proche admissible ni personne à charge admissible, 483 $ ou, si ce montant est moins élevé, le montant représentant 6 % de l’excédent éventuel de son revenu pour l’année sur 9 919 $; B 15 % de l’excédent éventuel de son revenu rajusté pour l’année sur 39 826 $; C le montant qu’il est réputé avoir payé en vertu du paragraphe (3) au cours de ce mois au titre de son impôt payable pour l’année. Parent ayant la garde partagée (3.01) Malgré le paragraphe (3), si un particulier admissible est un parent ayant la garde partagée (au sens de l’article 122.6, le terme « personne à charge admissible » à cet article s’entendant au sens du paragraphe (1)) à l’égard d’une ou de plusieurs personnes à charge admissibles au début d’un mois, le montant qui est réputé, en vertu du paragraphe (3), avoir été payé au cours d’un mois déterminé correspond à la somme obtenue par la formule suivante : 1/2 × (A + B) Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
where COVID-19 — shared-custody parent
where
where où : A représente la somme obtenue par la formule figurant au paragraphe (3), compte non tenu du présent paragraphe; B la somme obtenue par la formule figurant au paragraphe (3), compte non tenu du présent paragraphe ni du sous-alinéa b)(ii) de la définition de particulier admissible à l’article 122.6. COVID-19 — parent ayant la garde partagée (3.02) Malgré le paragraphe (3.001), si un particulier admissible est un parent ayant la garde partagée (au sens de l’article 122.6, le terme « personne à charge admissible » à cet article s’entendant au sens du paragraphe (1)) à l’égard d’une ou de plusieurs personnes à charge admissibles au début du mois, le montant qui est réputé, en vertu du paragraphe (3.001), avoir été payé au cours d’un mois déterminé correspond à la somme obtenue par la formule suivante : 0,5(A + B) où : A représente la somme obtenue par la formule figurant au paragraphe (3.001), compte non tenu du présent paragraphe; B la somme obtenue par la formule figurant au paragraphe (3.001), compte non tenu du présent paragraphe ni du sous-alinéa b)(ii) de la définition de particulier admissible à l’article 122.6. Montant additionnel — parent ayant la garde partagée (3.03) Malgré le paragraphe (3.002), si un particulier admissible est un parent ayant la garde partagée (au sens de l’article 122.6, le terme « personne à charge admissible » à cet article s’entendant au sens du paragraphe (1)) à l’égard d’une ou de plusieurs personnes à charge admissibles au début du mois, le montant qui est réputé, en vertu du paragraphe (3.002), avoir été payé au cours d’un mois déterminé correspond à la somme obtenue par la formule suivante : 0,5 x (A + B) où : A représente la somme obtenue par la formule figurant au paragraphe (3.002), compte non tenu du présent paragraphe; B la somme obtenue par la formule figurant au paragraphe (3.002), compte non tenu du présent paragraphe ni du sous-alinéa b)(ii) de la définition de particulier admissible à l’article 122.6.
where (3.1) Subsection (3.2) applies in respect of an eligible individual in relation to a particular month specified for a taxation year, and each subsequent month specified for the taxation year, if Advance payment Janvier 2023 – parent ayant la garde partagée (3.04) Malgré le paragraphe (3.03), si un particulier admissible est un parent ayant la garde partagée (au sens de l’article 122.6, le terme « personne à charge admissible » à cet article s’entendant au sens du paragraphe (1)) à l’égard d’une ou de plusieurs personnes à charge admissibles au début du mois, le montant qui est réputé, en vertu du paragraphe (3.03), avoir été payé au cours d’un mois déterminé correspond à la somme obtenue par la formule suivante : 0,5 × (A + B) où : A représente la somme obtenue par la formule figurant au paragraphe (3.03), compte non tenu du présent paragraphe; B la somme obtenue par la formule figurant au paragraphe (3.03), compte non tenu du présent paragraphe et du sous-alinéa b)(ii) de la définition de particulier admissible à l’article 122.6. Conditions d’application du par. (3.2) (3.1) Le paragraphe (3.2) s’applique relativement à un particulier admissible par rapport à un mois donné d’une année d’imposition et à chaque mois déterminé postérieur de l’année si, à la fois : a) le montant qui est réputé, par ce paragraphe, avoir été payé par le particulier au cours du mois donné est inférieur à 50 $; b) il est raisonnable de conclure que le montant qui est réputé, par ce paragraphe, avoir été payé par le particulier au cours de chaque mois déterminé postérieur de l’année sera inférieur à 50 $. Paiement anticipé (3.2) Si le présent paragraphe s’applique, le total des montants qui par ailleurs seraient réputés, par le paragraphe (3), avoir été payés, au titre de l’impôt payable du particulier admissible en vertu de la présente partie pour l’année d’imposition, au cours du mois déterminé donné de l’année et au cours de chaque mois déterminé postérieur de l’année est réputé avoir été payé par lui, au titre de son impôt payable en vertu de la présente partie pour l’année, au cours du mois donné, et le montant qui est réputé, par le paragraphe (3), avoir été payé par lui au cours des mois déterminés postérieurs de l’année est réputé, sauf pour l’application du présent paragraphe, ne pas avoir été payé dans la mesure où il est inclus dans un montant réputé, par le présent paragraphe, avoir été payé. Months specified COVID-19 — month specified Month specified January 2023 — month specified Only one eligible individual (5.1) [Repealed, 2002, c. 9, s. 38(2)] Exception re qualified dependant (a) the individual ceases to be an eligible individual; Effect of bankruptcy (NOTE: Application provisions are not included in the consolidated text; see relevant amendments Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 122.5; 1994, c. 7, Sch. II, s. 110; 1998, c. 21, s. 61; 2000, c. 21, s. 57; 1997, c. 25, s. 73; 1998, c. 19, s. 262; 1999, c. 22, s. 37; 2000, c. 19, s. 12; 2014, c. 39, s. 12; 2016, c. 12, s. 7; 2022, c. 19, s. 7; 2023, c. 11, s. 3; 2024, c. 6, s. 207; c. 6, s. 111; 2010, c. 25, s. 283; 2011, c. 24, s. 377; 2013, c. 34, s. 360; 2014, c. 40, s. 217; 2018, c. 12, s. 16; 2020, c. 5, s. 2; 2022, c. 10, s. 8; 2022, c. 13, s. 7; 2023, c. 11, s. 3.) Definitions Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals
(iii) the program established under the Wage Earner Protection Program Act. (particulier admissible) A - B where (a) $1000, and (b) the total of (0.25/C) × D where Impôt sur le revenu
les charges et emplois qu'il a occupés (le revenu en provenant étant calculé compte non tenu de l'alinéa 6(1)f)), (ii) les entreprises dont chacune est une entreprise qu'il a exploitée soit seul, soit à titre d'associé participant activement à l'exploitation de l'entreprise, (iii) le programme établi en vertu de la Loi sur le Programme de protection des salariés. (eligible individual) revenu modifié Quant au particulier pour une année d'imposition, s'entend au sens de l'article 122.6. (added income) Présomption de paiement au titre de l'impôt
Lorsqu'une déclaration de revenu (sauf celle produite en application du paragraphe 70(2), des alinéas 104(23)d) ou 128(2)e) ou du paragraphe 150(4)) est produite relativement à un particulier admissible pour une année d'imposition se terminant à la fin d'une année civile, il est réputé payé à la fin de l'année donnée au titre de l'impôt payable par le particulier en vertu de la présente partie pour cette année le montant déterminé selon la formule A - B où : A représente le moins élevé des montants suivants : a) 1 000 $, b) le total des sommes suivantes : (i) la somme obtenue par la formule suivante : (0,25/C) × D où : C représente le taux de base pour l'année donnée, D le total des sommes représentant chacune la somme obtenue par la formule figurant au paragraphe 118.2(1) pour le calcul de l'impôt payable par le particulier en vertu de la présente partie pour une année d'imposition se terminant dans l'année civile, (ii) 25 % du total des montants représentant chacun la somme déductible en application de l'article 64 dans le calcul du revenu du particulier pour une année d'imposition se terminant dans l'année civile; B 5 % de l'excédent éventuel, sur 17 419 $ [devrait être 21 663 $, voir 2006, ch. 4, art. 70(2)], du total des montants représentant chacun le revenu modifié du Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A Rules Applicable to Individuals Sections 122.5-122.6 (b) $21,663. [NOTE: Application provisions are not included in the consolidated text; see relevant amendments and regulations.] 1988, c. 19, s. 32; 2000, c. 14, s. 89; S.C. 2001, c. 17, s. 106; 2005, c. 19, s. 82; c. 30, s. 7; 2006, c. 4, s. 7; 2007, c. 2, s. 37; 2009, c. 2, s. 37; 2017, c. 33, s. 47. SUBDIVISION A.1 Canada Child Benefit Definitions adjusted earned income [Repealed, 1998, c. 21, s. 92] (i) under paragraph 56(1)(q.1) or subsection 56(6), (b) deductible under paragraph 20(1)(ww) or 60(v) or (z); (revenu modifié) Impôt sur le revenu
particulier pour une année d’imposition se terminant dans l’année civile. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir la loi et les règlements modificatifs appropriés.] 1988, ch. 19, art. 32; 2000, ch. 14, art. 89; 2001, ch. 17, art. 106; 2005, ch. 19, art. 82; ch. 30, art. 7; 2006, ch. 4, art. 7; 2007, ch. 2, art. 37; 2009, ch. 2, art. 37; 2017, ch. 33, art. 47.
Allocation canadienne pour enfants Définitions
année de base S’entend, par rapport à un mois, de l’année d’imposition suivante : a) si le mois compte parmi les six premiers mois d’une année civile, celle qui a pris fin le 31 décembre de la deuxième année civile précédente; b) dans les autres cas, de l’année d’imposition qui a pris fin le 31 décembre de l’année civile précédente. (base taxation year) déclaration de revenu Le document suivant produit par un particulier pour une année d’imposition : a) si le particulier a résidé au Canada tout au long de l’année, sa déclaration de revenu (sauf celle produite en vertu des paragraphes 70(2) ou 104(23), de l’alinéa 128(2)e) ou du paragraphe 150(4)) produite ou à produire pour l’année en vertu de la présente partie; b) dans les autres cas, un formulaire prescrit contenant les renseignements prescrits, présenté au ministre. (return of income) époux ou conjoint de fait visé Personne qui, à un moment donné, est l’époux ou conjoint de fait du particulier dont il ne vit pas séparé à ce moment. Pour l’application de la présente définition, une personne n’est considérée comme vivant séparée d’un particulier à ce moment donné que si elle vit séparée de ce particulier à ce moment, pour cause d’échec de leur mariage ou de leur union, pendant une période d’au moins 90 jours qui comprend ce moment. (cohabiting spouse or common-law partner) parent ayant la garde partagée S’entend, à l’égard d’une personne à charge admissible à un moment donné, dans le cas où la présomption énoncée à l’alinéa f) de la earned income [Repealed, 1998, c. 21, s. 92] (a) resides with the qualified dependant, (d) is not described in paragraph 149(1)(a) or 149(1)(b), and définition de particulier admissible ne s’applique pas à celle-ci, du particulier qui est l’un des deux parents de la personne à charge qui, à la fois : a) ne sont pas, à ce moment, des époux ou conjoints de fait visés l’un par rapport à l’autre; b) résident avec la personne à charge : (i) soit au moins 40 % du temps au cours du mois qui comprend le moment donné, (ii) soit sur une base d’égalité approximative; c) lorsqu’ils résident avec la personne à charge, assument principalement la responsabilité pour le soin et l’éducation de celle-ci, ainsi qu’il est déterminé d’après des critères prévus par règlement. (shared-custody parent) particulier admissible S’agissant, à un moment donné, du particulier admissible à l’égard d’une personne à charge admissible, personne qui répond aux conditions suivantes à ce moment : a) elle réside avec la personne à charge; b) elle est la personne — père ou mère de la personne à charge — qui : (i) assume principalement la responsabilité pour le soin et l’éducation de la personne à charge et qui n’est pas un parent ayant la garde partagée à l’égard de celle-ci, (ii) est un parent ayant la garde partagée à l’égard de la personne à charge; c) elle réside au Canada ou, si elle est l’époux ou conjoint de fait visé d’une personne qui est réputée, par le paragraphe 250(1), résider au Canada tout au long de l’année d’imposition qui comprend ce moment, a résidé au cours d’une année d’imposition antérieure; d) elle n’est pas visée aux alinéas 149(1)a) ou b); e) elle est, ou son époux ou conjoint de fait visé est, soit citoyen canadien, soit : (i) résident permanent au sens du paragraphe 2(1) de la Loi sur l’immigration et la protection des réfugiés, (ii) résident temporaire ou titulaire d’un permis de séjour temporaire visés par la Loi sur l’immigration (b) in any other case, a prescribed form containing prescribed information, that is filed with the Minister; (déclaration de revenu) et la protection des réfugiés ayant résidé au Canada durant la période de 18 mois précédant ce moment, (iii) personne protégée au titre de la Loi sur l'immigration et la protection des réfugiés, (iv) quelqu'un qui fait partie d'une catégorie précisée dans le Règlement sur les catégories d'immigrants précisés pour des motifs d'ordre humanitaire pris en application de la Loi sur l'immigration, (v) un Indien au sens de la Loi sur les Indiens. Pour l'application de la présente définition : f) si la personne à charge réside avec sa mère, la personne qui assume principalement la responsabilité pour le soin et l'éducation de la personne à charge est présumée être la mère; g) la présomption visée à l'alinéa f) ne s'applique pas dans les circonstances prévues par règlement; h) les critères prévus par règlement sont déterminants pour ce qui constitue le soin et l'éducation; i) un particulier demeure le père ou la mère (au sens de l'article 252) d'un autre particulier même si une prestation d'assistance sociale est versée au titre d'un programme fédéral, provincial ou d'un corps dirigeant autochtone, au sens de l'article 2 de la Loi sur les allocations spéciales pour enfants au profit de l'autre particulier. (eligible individual) personne à charge admissible S'agissant de la personne à charge admissible à un moment donné, personne qui répond aux conditions suivantes à ce moment : a) elle est âgée de moins de 18 ans; b) elle n'est pas quelqu'un pour qui un montant a été déduit en application de l'alinéa 118(1)a) dans le calcul de l'impôt payable par son époux ou conjoint de fait en vertu de la présente partie pour l'année de base en relation avec le mois qui comprend ce moment; c) elle n'est pas quelqu'un pour qui une allocation spéciale prévue par la Loi sur les allocations spéciales pour enfants est payable pour le mois qui comprend ce moment. (qualified dependant) revenu gagné [Abrogé, 1998, ch. 21, art. 92] revenu gagné modifié [Abrogé, 1998, ch. 21, art. 92] (A + M)/12 where E – Q where Q is revenu modifié En ce qui concerne un particulier pour une année d’imposition, le total des sommes qui représenteraient chacune le revenu pour l’année du particulier ou de la personne qui était son époux ou conjoint de fait visé à la fin de l’année si, dans le calcul de ce revenu, aucune somme : a) n’était incluse : (i) en application de l’alinéa 56(1)a) ou du paragraphe 56(6), (ii) au titre d’un gain provenant d’une disposition de bien à laquelle s’applique l’article 79, (iii) au titre d’un gain visé au paragraphe 40(3.21); b) n’était déductible en application des alinéas 20(1)ww) ou 60y) ou z). (adjusted income) [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les actes et règlements modificatifs appropriés.] 1994, ch. 7, ann. II, art. 122; 1998, ch. 19, art. 81; 1999, ch. 22, art. 44; 2000, ch. 19, art. 7; 2001, ch. 17, art. 248; 2006, ch. 4, art. 96; 2007, ch. 35, art. 56; 2010, ch. 25, art. 24; 2016, ch. 7, art. 28; 2018, ch. 12, art. 16; 2022, ch. 19, art. 9; 2024, ch. 17, art. 30. Paiement en trop réputé
(A + M)/12 où : A représente la somme obtenue par la formule suivante : E – Q où : E représente le total des sommes suivantes : a) le produit de 6 400 $ par le nombre de personnes à charge admissibles à l’égard desquelles la personne était un particulier admissible au début du mois et qui n’ont pas atteint l’âge de six ans au début du mois, b) le produit de 5 400 $ par le nombre de personnes à charge admissibles, sauf celles visées à l’alinéa a), à l’égard desquelles la personne était un particulier admissible au début du mois, Q : N - O where O is Shared-custody parent 1/2 × (A + B) where Deemed overpayment — COVID-19 a) un montant est déductible en application de l’article 118.3 pour l’année d’imposition qui comprend le mois, b) la personne est un particulier admissible au début du mois, O : a) si le revenu modifié de la personne pour l’année n’excède pas 65 000 $, zéro, b) si le revenu modifié de la personne pour l’année excède 65 000 $ et qu’elle est un particulier admissible, selon le cas : (i) à l’égard d’une seule personne à charge admissible visée à l’élément N, 3,2 % de l’excédent de son revenu modifié pour l’année sur 65 000 $, (ii) à l’égard de plusieurs personnes à charge admissibles visées à l’élément N, 5,7 % de l’excédent de son revenu modifié pour l’année sur 65 000 $. COVID-19 — somme additionnelle (1.01) Si le mois visé au paragraphe (1) est le mois de mai 2020, chaque somme exprimée en dollars mentionnée aux alinéas a) et b) de l’élément E de la formule figurant au paragraphe (1), telle que rajustée en vertu du paragraphe (5), est réputée être égale pour ce mois au total de cette somme et d’une somme additionnelle de 3 600 $. Il est entendu que le rajustement visé au paragraphe (5) ne s’applique pas à l’égard de cette somme additionnelle. Parent ayant la garde partagée (1.1) Malgré le paragraphe (1), si un particulier admissible est un parent ayant la garde partagée à l’égard d’une ou de plusieurs personnes à charge admissibles au début d’un mois, le paiement en trop qui est réputé, en vertu du paragraphe (1), s’être produit au cours du mois correspond à la somme obtenue par la formule suivante : 1/2 × (A + B) où : A représente la somme obtenue par la formule figurant au paragraphe (1), compte non tenu du présent paragraphe; B la somme obtenue par la formule figurant au paragraphe (1), compte non tenu du présent paragraphe ni du sous-alinéa b)(ii) de la définition de particulier admissible à l’article 122.6. Paiement en trop réputé — COVID-19 (1.2) Si le ministre établit avant 2024 qu’un paiement en trop (étant entendu que s’agissant d’un montant du Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A.1 Canada Child Benefit
A × B where A is B is Exceptions Impôt sur le revenu
paiement supérieur à zéro) au titre des sommes dont la personne est redevable en vertu de la présente partie pour une année d’imposition est réputé se produire au cours d’un mois en vertu du paragraphe (1), ou le serait s’il n’était pas tenu compte du paragraphe (2), un paiement en trop au titre des sommes dont la personne est redevable en vertu de la présente partie pour l’année est réputé se produire au cours du mois correspondant au total des sommes représentant chacune un montant à l’égard d’une personne à charge admissible — à l’égard de laquelle la personne était un particulier admissible au début du mois et qui n’a pas atteint l’âge de six ans au début du mois, calculé selon la formule suivante : A × B où : A représente : a) si la personne est un parent ayant la garde partagée à l’égard de la personne à charge admissible, 0,5, b) dans les autres cas, 1; B est : a) si le mois est janvier 2021 ou avril 2021, (i) lorsque le revenu modifié de la personne pour 2019 est égal ou inférieur à 120 000 $, 300 $, (ii) dans les autres cas, 150 $, b) si le mois est juillet 2021 ou octobre 2021, (i) lorsque le revenu modifié de la personne pour 2020 est égal ou inférieur à 120 000 $, 300 $, (ii) dans les autres cas, 150 $, c) sinon, zéro. Exceptions
Malgré le paragraphe (1), lorsqu’un mois donné est le premier mois au cours duquel un paiement en trop inférieur à 20 $ (ou à tout autre montant fixé par règlement) est réputé par ce paragraphe se produire au titre des sommes dont une personne est redevable en vertu de la présente partie pour l’année de base se rapportant au mois donné, tout semblable paiement en trop dont on pourrait, sans le présent paragraphe, s’attendre à juste titre, à la fin du mois donné, qu’il se produise au cours d’un autre mois se rapportant à la même année de base est réputé se produire selon ce paragraphe au cours du mois donné et non au cours de l’autre mois. Effect of bankruptcy (c) [Repealed, 1998, c. 21, s. 94] (a) shall not be subject to the operation of any law relating to bankruptcy or insolvency; (d) cannot be retained by way of deduction or set-off under the Financial Administration Act; and Annual adjustment Non-résidents et résidents pendant une partie de l’année
Pour l’application du présent article, il est entendu que le revenu d’une personne pour une année d’imposition au cours de laquelle elle ne réside pas au Canada est réputé être égal à la somme qui aurait correspondu à son revenu pour cette année si elle avait résidé au Canada tout au long de l’année. Effet de la faillite (3.1) Pour l’application de la présente sous-section, dans le cas où un particulier devient failli au cours d’une année d’imposition, les règles suivantes s’appliquent : a) son revenu pour l’année comprend son revenu pour l’année d’imposition qui commence le 1er janvier de l’année civile qui comprend la date de la faillite; b) le total des montants déduits en application de l’article 63 dans le calcul de son revenu pour l’année comprend le montant déduit en application de cet article pour son année d’imposition qui commence le 1er janvier de l’année civile qui comprend la date de la faillite. c) [Abrogé, 1998, ch. 21, art. 94] Incessibilité
Les remboursements de montants réputés par le présent article être des paiements en trop au titre des sommes dont une personne est redevable en vertu de la présente partie pour une année d’imposition sont soumis aux règles suivantes : a) ils sont soustraits à l’application des règles de droit relatives à la faillite ou à l’insolvabilité; b) ils sont inaccessibles, insaisissables et ne peuvent être grevés ni donnés pour sûreté; c) ils ne constituent pas des remboursements d’impôt pour l’application de la Loi sur la cession du droit au remboursement de l’impôt; d) ils ne peuvent être retenus par voie de déduction ou de compensation en application de la Loi sur la gestion des finances publiques; e) ils ne constituent pas des sommes saisissables pour l’application de la Loi d’aide à l’exécution des ordonnances et des ententes familiales. Rajustement annuel
Les sommes exprimées en dollars au paragraphe (1) sont rajustées de façon que, lorsque l’année de base se Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A.1 Canada Child Benefit
by (A/B) – 1 where (5.1) [Repealed, 1998, c. 21, s. 93] Impôt sur le revenu
rapportant à un mois donné est postérieure à 2016, la somme applicable pour le mois selon ce paragraphe soit égale au total des montants suivants : a) le montant qui, sans le paragraphe (7), serait applicable selon le paragraphe (1) pour le mois qui tombe une année avant le mois donné; b) le produit des montants suivants : (i) le montant visé à l’alinéa a), (ii) le résultat du calcul suivant, rajusté de la manière prévue par règlement et arrêté à la troisième décimale, les résultats ayant au moins cinq au quatrième décimale étant arrondis à la troisième décimale supérieure : (A/B) – 1 où : A représente l’indice des prix à la consommation (au sens du paragraphe 117.1(4)) pour la période de 12 mois prenant fin le 30 septembre de l’année de base, B l’indice des prix à la consommation pour la période de 12 mois qui précède la période visée à l’élément A. (5.1) [Abrogé, 1998, ch. 21, art. 93] Ajouts au supplément de la PNE
Chaque montant visé à l’élément F de la troisième formule figurant au paragraphe (1) qui entre dans le calcul du montant réputé être un paiement en trop se produisant au cours de mois donnés : a) postérieurs à juin 2005 et antérieurs à juillet 2006, sont remplacés par le montant qui correspond au total de 185 $ et du montant déterminé par ailleurs selon le paragraphe (5) pour ces mois; b) postérieurs à juin 2006 et antérieurs à juillet 2007, sont remplacés par le montant qui correspond au total de 185 $ et du montant déterminé par ailleurs pour ces mois, par l’application du paragraphe (5) au montant déterminé selon l’alinéa a). Accord avec une province (6.1) Malgré le paragraphe (5), le montant déterminé selon le sous-alinéa (5)b)(ii) pour un mois mentionné à l’alinéa (6)b) est réputé correspondre à 0,012 pour l’application de tout accord mentionné à l’article 122.63 Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A.1 Canada Child Benefit Sections 122.61-122.62 Rounding NOTE: Application provisions are not included in the consolidated text; see relevant amendments and application provisions. 1996, c. 21, Sch. V, s. 12, 1997, c. 26, s. 80; 1998, c. 19, ss. 141, 142, c. 34, ss. 93, 104, 105, c. 36, s. 300; 2001, c. 25, s. 14, c. 42, ss. 4, 6, c. 49, s. 3; 2002, c. 9, s. 5; 2003, c. 15, s. 70; 2005, c. 30, s. 6; 2006, c. 4, ss. 41, 177; 2007, c. 35, ss. 25, 261; c. 14, ss. 283, 314, c. 40, s. 92; 2016, c. 7, ss. 12, 42, 43; 2017, c. 20, s. 80; 2018, c. 12, s. 12; 2020, c. 25, s. 222; c. 7, s. 2. Eligible individuals Exception Person ceasing to be an eligible individual Impôt sur le revenu
concernant des paiements en trop réputés se produire au cours des mois postérieurs à juin 2001 et antérieurs à juillet 2002. Arrondissement
Pour toute somme visée au paragraphe (1), qui est à rajuster en conformité avec le paragraphe (5), les résultats sont arrêtés à l’unité, ceux qui ont au moins cinq en première décimale étant arrondis à l’unité supérieure. NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les modifications et dispositions d’application pertinentes. 1996, ch. 21, ann. V, art. 12; 1997, ch. 26, art. 80; 1998, ch. 19, art. 141, 142, ch. 34, art. 93, 104, 105, ch. 36, art. 300; 2001, ch. 25, art. 14, ch. 42, art. 4, 6, ch. 49, art. 3; 2002, ch. 9, art. 5; 2003, ch. 15, art. 70; 2005, ch. 30, art. 6; 2006, ch. 4, art. 41, 177; 2007, ch. 35, art. 25, 261; ch. 14, art. 283, 314, ch. 40, art. 92; 2016, ch. 7, art. 12, 42, 43; 2017, ch. 20, art. 80; 2018, ch. 12, art. 12; 2020, ch. 25, art. 222; ch. 7, art. 2. Particuliers admissibles
Prorogation
Le ministre peut, au plus tard au dixième anniversaire du début du mois visé au paragraphe (1), proroger le délai prévu à ce paragraphe. Exception
Dans le cas où, au début de 1993, une personne est un particulier admissible à l’égard d’une personne à charge admissible, le paragraphe (1) ne s’applique pas à la personne quant à la personne à charge si celle-ci est aussi son enfant admissible (au sens du paragraphe 122.2(2) par l’effet du sous-alinéa a)(i) de cette définition) pour l’année d’imposition 1992. Avis de cessation d’admissibilité
La personne qui cesse, au cours d’un mois donné, d’être un particulier admissible à l’égard d’une personne à charge admissible, autrement que parce que cette dernière atteint l’âge de 18 ans, est tenue d’en aviser le ministre avant la fin du premier mois suivant ce mois. Décès de l’époux ou du conjoint de fait visé
En cas de décès de l’époux ou du conjoint de fait visé d’un particulier admissible à l’égard d’une personne à charge admissible, les règles ci-après s’appliquent : Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A.1 Canada Child Benefit
Impôt sur le revenu
a) le particulier est tenu d’aviser le ministre de cet événement, sur le formulaire prescrit, avant la fin du premier mois civil commençant après l’événement; b) sous réserve du paragraphe (8), pour le calcul du montant réputé, en vertu des paragraphes 122.61(1) ou (1.2), être un paiement en trop, se produisant au cours de ce premier mois et de tout mois postérieur, au titre des sommes dont le particulier est redevable en vertu de la présente partie pour l’année de base se rapportant à ce premier mois, le revenu modifié du particulier pour l’année est réputé être égal à son revenu pour l’année. Séparation
Dans le cas où une personne cesse d’être l’époux ou le conjoint de fait visé d’un particulier admissible, les règles ci-après s’appliquent : a) le particulier est tenu d’aviser le ministre de cet événement, sur le formulaire prescrit, avant la fin du premier mois civil commençant après l’événement; b) sous réserve du paragraphe (8), pour le calcul du montant réputé, en vertu des paragraphes 122.61(1) ou (1.2), être un paiement en trop, se produisant au cours de ce premier mois et de tout mois postérieur, au titre des sommes dont le particulier est redevable en vertu de la présente partie pour l’année de base se rapportant à ce premier mois, le revenu modifié du particulier pour l’année est réputé être égal à son revenu pour l’année. Nouvel époux ou conjoint de fait visé
Dans le cas où un contribuable devient l’époux ou le conjoint de fait visé d’un particulier admissible, les règles ci-après s’appliquent : a) le particulier est tenu d’aviser le ministre de cet événement, sur le formulaire prescrit, avant la fin du premier mois civil commençant après l’événement; b) sous réserve du paragraphe (8), pour le calcul du montant réputé, en vertu des paragraphes 122.61(1) ou (1.2), être un paiement en trop, se produisant au cours de ce premier mois et de tout mois postérieur, au titre des sommes dont le particulier est redevable en vertu de la présente partie pour l’année de base se rapportant à ce premier mois, le contribuable est réputé avoir été l’époux ou le conjoint de fait visé du particulier à la fin de l’année de base se rapportant à ce mois. Ordre des événements
Si plus d’un des événements visés aux paragraphes (5) à (7) se produisent au cours d’un mois civil, seul le Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A.1 Canada Child Benefit
Death of child — qualified dependant Death of child — eligible individual Death of child NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: 1994, c. 7, Sch. VI, s. 12; 1996, c. 11, ss. 59, 98; 1998, c. 19, s. 145; 2016, c. 12, s. 142; 2011, c. 24, s. 39; 2016, c. 7, s. 30; 2021, c. 7, s. 3; 2024, c. 17, s. 31. Impôt sur le revenu
Décès d’un enfant — personne à charge admissible
Pour l’application de la présente sous-section, sauf le paragraphe (4), une personne est réputée être une personne à charge admissible au début d’un mois si, à la fois : a) la personne est décédée dans les six mois précédents; b) la date de naissance de la personne n’était pas d’au moins dix-huit ans au début du mois; c) la personne était une personne à charge admissible immédiatement avant son décès. Décès d’un enfant — particulier admissible
Pour l’application de la présente sous-section, sauf le paragraphe (4), une personne est réputée être un particulier admissible à l’égard d’une personne à charge admissible au début d’un mois si, à la fois : a) cette personne à charge admissible est une personne à charge admissible au début du mois en application du paragraphe (9); b) la personne était un particulier admissible à l’égard de la personne à charge admissible immédiatement avant son décès. Décès d’un enfant
Pour l’application des alinéas a) et b) de l’élément E de la deuxième formule figurant au paragraphe 122.61(1), si une personne est réputée être une personne à charge admissible au début d’un mois en application du paragraphe (9), la personne est réputée avoir au début de ce mois l’âge qu’elle aurait eu à ce moment si elle n’était pas décédée. Décès d’un enfant — crédit d’impôt pour personnes handicapées
Pour l’application de l’alinéa a) de l’élément N de la troisième formule figurant au paragraphe 122.61(1), si une personne est décédée le 1er juillet d’une année d’imposition donnée ou après cette date et qu’un montant aurait pu être déduit à l’égard de cette personne en vertu de l’article 118.3 pour cette année d’imposition, un montant est réputé être déductible en application de l’article 118.3 à l’égard de la personne pour l’année d’imposition suivante. NOTE : Les dispositions d’application ne figurent pas dans le texte codifié; voir les lois et règlements modificatifs pertinents : 1994, ch. 7, ann. VI, art. 12; 1996, ch. 11, art. 59, 98; 1998, ch. 19, art. 145; 2016, ch. 12, art. 142; 2011, ch. 24, art. 39; 2016, ch. 7, art. 30; 2021, ch. 7, art. 3; 2024, ch. 17, art. 31. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations:] 1994, c. 7, Sch. VII, s. 12; 1996, c. 11, s. 59; 1998, c. 19, s. 143; 2016, c. 7, s. 31.
SUBDIVISION A.2 Canada Workers Benefit Definitions (a) [Repealed, 2018, c. 27, s. 12] designated educational institution has the meaning assigned by subsection 118.6(1). (établissement d’enseignement agréé) (c) was not an eligible individual. (personne à charge admissible) (a) 19 years of age or older; (c) the parent of a child with whom the individual resides. (particulier admissible) personne à charge admissible Est une personne à charge admissible d’un particulier pour une année d’imposition l’enfant du particulier qui, à la fin de l’année, a) réside avec le particulier; b) soit âgé de 19 ans ou plus; c) soit le conjoint visé d’un autre particulier; d) soit le parent d’un enfant avec lequel le particulier réside. (eligible individual) particulier admissible Est un particulier admissible pour une année d’imposition le particulier qui, sauf un particulier non admissible, a résidé au Canada tout au long de l’année et qui, à la fin de l’année : a) soit âgé de 19 ans ou plus; b) soit le conjoint visé d’un autre particulier; c) soit le parent d’un enfant avec lequel le particulier réside. (eligible individual) particulier non admissible Est un particulier non admissible pour une année d’imposition le particulier qui, selon le cas : a) est visé aux alinéas 149(1)(a) ou b) à un moment de l’année; b) sauf s’il a une personne à charge admissible pour l’année, est inscrit comme étudiant à temps plein à un établissement d’enseignement agréé pour une période de plus de douze semaines comprise dans l’année; c) est détenu dans une prison ou dans un établissement semblable pendant une période de plus de 90 jours comprise dans l’année. (ineligible individual) personne à charge admissible Est une personne à charge admissible d’un particulier pour une année d’imposition l’enfant du particulier qui, à la fin de l’année, à la fois : a) réside avec le particulier; b) est âgé de moins de 19 ans; c) n’est pas un particulier admissible. (eligible dependant) revenu de travail Le revenu de travail d’un particulier pour une année d’imposition correspond au total des sommes suivantes : a) le total des sommes dont chacune représenterait le revenu du particulier pour l’année tiré d’une charge ou d’un emploi si la présente loi s’appliquait compte non tenu de l’article 8; b) les sommes qui sont incluses, par l’effet des alinéas 56(1)n) ou o) ou du sous-alinéa 56(1)r)(v), dans le calcul du revenu du particulier pour une période de l’année; c) le total des sommes dont chacune représente le revenu du particulier pour l’année tiré d’une entreprise qu’il exploite autrement qu’à titre d’associé déterminé d’une société de personnes. (working income) revenu net rajusté Le revenu net rajusté d’un particulier pour une année d’imposition correspond à la somme qui représenterait son revenu pour l’année si, à la fois : a) Abrogé, 2018, ch. 27, art. 12) b) dans le calcul de ce revenu, aucune somme n’était incluse en application de l’alinéa 56(1)a) ou du paragraphe 56(6), ou à titre de produit d’une disposition de bien à l’égard duquel s’applique l’article 79 ou au titre d’un gain visé au paragraphe 40(3.21); c) dans le calcul de ce revenu, aucune somme n’était déductible en application des alinéas 20(1)ww) ou 60y). (adjusted net income) Choix — sommes (1.1) Un particulier peut établir la somme totale pour la définition de revenu de travail pour lui-même, et pour son conjoint admissible si en a un, pour une année d’imposition comme si la présente loi s’appliquait compte non tenu de l’alinéa 81(1)a) et du paragraphe 81(4). Le cas échéant, le particulier doit établir la somme totale pour la définition de revenu net rajusté pour lui-même, et pour son conjoint admissible si en a un, pour l’année comme si la présente loi s’appliquait compte non tenu de ces mêmes dispositions. Réception de prestations d’assistance sociale (1.2) Pour l’application des définitions de personne à charge admissible et particulier admissible au paragraphe (1) pour une année d’imposition, un particulier Secondary earner exemption (1.3) For the purposes of subsections (2) and (3), (ii) $14,000; and (i) the eligible spouse’s working income for the year, and (ii) $14,000. A - B where A is demeure le père ou la mère (au sens de l’article 252) d’un autre particulier même si une prestation d’assistance sociale est versée dans le cadre d’un programme fédéral, provincial ou d’un corps dirigeant autochtone, au sens de l’article 2 de la Loi sur les allocations spéciales pour enfants au profit de l’autre particulier, sauf s’il s’agit d’une allocation spéciale en vertu de la Loi sur les allocations spéciales pour enfants relativement à l’autre particulier au cours de l’année d’imposition. Exemption pour le second titulaire de revenu de travail (1.3) Pour l’application des paragraphes (2) et (3) : a) si un particulier admissible avait un conjoint admissible pour une année d’imposition et si le revenu de travail pour l’année du particulier admissible était inférieur à celui de son conjoint admissible, le revenu net rajusté du particulier admissible pour l’année est réputé l’excédent éventuel de ce revenu pour l’année (déterminé compte non tenu du présent paragraphe) sur le moins élevé des montants suivants : (i) le revenu de travail du particulier admissible pour l’année, (ii) 14 000 $; b) si un particulier admissible avait un conjoint admissible pour une année d’imposition et si le revenu de travail pour l’année du particulier admissible était égal ou supérieur à celui de son conjoint admissible, le revenu net rajusté du conjoint admissible pour l’année est réputé l’excédent éventuel de ce revenu pour l’année (déterminé compte non tenu du présent paragraphe) sur le moins élevé des montants suivants : (i) le revenu de travail du conjoint admissible pour l’année, (ii) 14 000 $. Paiement réputé au titre de l’impôt
Sous réserve du paragraphe (5), le particulier admissible pour une année d’imposition qui produit une déclaration de revenu pour l’année est réputé avoir, à la fin de l’année, au titre de son impôt à payer en vertu de la présente partie pour l’année, une somme égale à la somme positive obtenue par la formule suivante : A - B où : A représente : B is C - D where D is
[Repealed, 2023, c. 26, s. 30] Only one eligible individual
[Repealed, 2023, c. 26, s. 30]
[Repealed, 2023, c. 26, s. 30]
[Repealed, 2023, c. 26, s. 30]
[Repealed, 2023, c. 26, s. 30] Special rules for eligible dependant Effect of bankruptcy revenus nets rajustés pour l’année du particulier et, le cas échéant, de son conjoint admissible, c) si le particulier avait un conjoint admissible pour l’année qui avait droit à la déduction au paragraphe 118.3(1) pour l’année, 7,5 % de l’excédent, sur 42 197 $, du total des revenus nets rajustés pour l’année du particulier et, le cas échéant, de son conjoint admissible.
[Abrogé, 2023, ch. 26, art. 30] Un seul particulier admissible
Dans le cas où un particulier admissible a un conjoint admissible pour une année d’imposition et où ils seraient tous deux, en l’absence du présent paragraphe, des particuliers admissibles pour l’application du paragraphe (2) pour l’année : a) si les particuliers s’entendent sur celui d’entre eux qui est le particulier admissible pour l’année, seul celui‑ci peut être un particulier admissible pour l’application du paragraphe (2) pour l’année; b) sinon, seul celui que le ministre désigne en tant que particulier admissible pour l’application du paragraphe (2) pour l’année.
[Abrogé, 2023, ch. 26, art. 30]
[Abrogé, 2023, ch. 26, art. 30]
[Abrogé, 2023, ch. 26, art. 30]
[Abrogé, 2023, ch. 26, art. 30] Règle spéciale — personne à charge admissible
Pour l’application des paragraphes (2) et (3), dans le cas où un particulier (appelé « enfant » au présent paragraphe) serait, en l’absence du présent paragraphe, une personne à charge admissible de plus d’un particulier admissible pour une année d’imposition, l’enfant est réputé n’être une personne à charge admissible que de la personne suivante : a) si les particuliers s’entendent à cet égard, le particulier convenu; b) sinon, le particulier que le ministre désigne. Faillite
Pour l’application de la présente sous-section, les règles ci-après s’appliquent à l’égard du particulier qui fait faillite au cours d’une année civile : Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A2 Canada Workers Benefit Sections 122.7-122.71 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2007, c. 35, s. 42; 2009, c. 2, s. 83; 2013, c. 34, s. 16; 2015, c. 26, s. 26; 2016, c. 12, s. 19; 2019, c. 29, s. 80; 2021, c. 23, s. 42; 2022, c. 10, s. 10; 2023, c. 26, s. 30. Impôt sur le revenu
a) malgré le paragraphe 128(2), toute mention (sauf au présent paragraphe) de l’année d’imposition du particulier vaut mention de l’année civile en cause; b) le revenu de travail et le revenu net rajusté du particulier pour l’année d’imposition se terminant le 31 décembre de l’année civile en cause sont réputés comprendre ses revenus de travail et revenu net rajusté pour l’année d’imposition qui commence le 1er janvier de l’année civile en cause. Règles spéciales — décès
Pour l’application de la présente sous-section, les règles ci-après s’appliquent à l’égard du particulier qui décède après le 30 juin d’une année civile: a) le particulier est réputé résider au Canada depuis le moment de son décès jusqu’à la fin de l’année et avoir immédiatement avant son décès résidé au Canada que celui qui avait immédiatement avant son décès; b) le particulier est réputé avoir le même âge à la fin de l’année que celui qu’il aurait s’il avait survécu jusqu’à la fin de l’année; c) le particulier est réputé être le conjoint visé d’un autre particulier (appelé « conjoint survivant » au présent alinéa) à la fin de l’année si, à la fois: (i) immédiatement avant son décès, il était le conjoint visé du conjoint survivant, (ii) le conjoint survivant n’est pas le conjoint visé d’un autre particulier à la fin de l’année; d) toute déclaration de revenu produite par le représentant légal du particulier est réputée être une déclaration de revenu produite par le particulier. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2007, ch. 35, art. 42; 2009, ch. 2, art. 83; 2013, ch. 34, art. 16; 2015, ch. 26, art. 26; 2016, ch. 12, art. 19; 2019, ch. 29, art. 80; 2021, ch. 23, art. 42; 2022, ch. 10, art. 10; 2023, ch. 26, art. 30. Programme provincial
[NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2007, ch. 35, art. 42. Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A.2 Canada Workers Benefit
Advance payment Conditions of application of subsection (3)
Subsection (3) applies in respect of an individual in relation to a particular month specified for a taxation year, and each subsequent month specified for the taxation year, if absent subsection (3)
If this subsection applies Months specified Impôt sur le revenu
Paiement anticipé
Conditions d’application du paragraphe (3)
Le paragraphe (3) s’applique relativement à un particulier par rapport à un mois déterminé d’une année d’imposition et à chaque mois déterminé postérieur pour l’année, si, compte non tenu du paragraphe (3), à la fois : a) le montant qui est réputé, par le paragraphe (1), avoir été payé par le particulier au cours du mois déterminé pour l’année d’imposition serait inférieur à 33 $; b) il est raisonnable de conclure que le montant qui est réputé, par le paragraphe (1), avoir été payé par le particulier au cours des mois déterminés postérieurs pour l’année est réputé, sauf l’application du présent paragraphe, ne pas avoir été payé dans la mesure où il est inclus dans un montant réputé par le présent paragraphe avoir été payé. Paiement anticipé unique
Si le présent paragraphe s’applique : a) le total des montants qui par ailleurs seraient réputés, par le paragraphe (1), avoir été payés, au titre de l’impôt à payer du particulier en vertu de la présente partie pour l’année d’imposition au cours du mois déterminé donné pour l’année et au cours de chaque mois déterminé postérieur pour l’année, est réputé avoir été payé par lui au titre de son impôt à payer en vertu de la présente partie pour l’année au cours du mois déterminé donné pour l’année; b) le montant qui est réputé, par le paragraphe (1), avoir été payé par le particulier au cours des mois déterminés postérieurs pour l’année est réputé, sauf l’application du présent paragraphe, ne pas avoir été payé dans la mesure où il est inclus dans un montant réputé par le présent paragraphe avoir été payé. Mois déterminés
Pour l’application du présent article, les mois déterminés d’une année d’imposition sont juillet et octobre de l’année d’imposition et janvier de l’année d’imposition suivante. Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A.2 Canada Workers Benefit
Impôt sur le revenu
Aucun paiement anticipé
Pour l’application du paragraphe (1), un particulier n’est pas un particulier admissible pour l’année d’imposition antérieure par rapport à un mois déterminé d’une année d’imposition si le particulier, selon le cas : a) décède avant le premier jour du mois de juillet de l’année d’imposition; b) est détenu dans une prison ou dans un établissement semblable pendant une période au cours de l’année d’imposition d’au moins quatre-vingt-dix jours commençant au plus tard le premier jour du mois déterminé; c) cesse de résider au Canada un jour de l’année d’imposition qui tombe au plus tard le premier jour du mois déterminé. Avis au ministre
Si, en l’absence du paragraphe (5), un particulier ou son conjoint visé à la fin de l’année d’imposition précédente est réputé, au cours d’une année d’imposition, avoir payé un montant au titre de l’impôt payable pour l’année d’imposition en application du présent article, le particulier (ou, dans le cas d’un particulier décédé, son représentant légal) est tenu d’aviser le ministre des événements ci-après avant la fin du mois suivant celui où l’événement se produit : a) le particulier décède au cours de l’année d’imposition; b) le particulier cesse de résider au Canada au cours de l’année d’imposition; c) le particulier est détenu dans une prison ou dans un établissement semblable pour une période d’au moins quatre-vingt-dix jours au cours de l’année d’imposition. Paiement anticipé – aucun conjoint admissible
Le paragraphe (1) s’applique à un particulier donné par rapport à un mois déterminé pour une année d’imposition comme si l’article 122.7 s’appliquait à ce particulier pour l’année d’imposition antérieure et comme si le particulier n’avait pas de conjoint admissible pour l’année d’imposition antérieure, si à la fois : a) un autre particulier était, pour l’application de l’article 122.7, le conjoint admissible du particulier donné pour l’année d’imposition antérieure; b) l’autre particulier n’est pas, pour l’application du paragraphe (1), un particulier admissible pour l’année d’imposition antérieure par rapport au mois déterminé. Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A.2 Canada Workers Benefit
taxation year in relation to the month specified for the taxation year because of subsection (5). SUBDIVISION A.3 Definitions cohabiting spouse or common-law partner, of an individual at any time, has the same meaning as in section 122.6. (époux ou conjoint de fait visé) (a) has, before the specified month, attained the age of 19 years; or (b) was, at any time before the specified month, qualified dependant, of an individual in relation to a month specified for a taxation year, means a person who at the beginning of the specified month (d) is not an eligible individual in relation to the specified month; and (e) is not a qualified relation of any individual in relation to the specified month. (personne à charge admissible) Impôt sur le revenu
déterminé pour l’année d’imposition en application du paragraphe (5). [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2023, ch. 26, art. 31.
Incitatif à agir pour le climat Définitions
déclaration de revenu En ce qui concerne une personne pour une année d’imposition, s’entend de la déclaration de revenu, sauf celle prévue aux paragraphes 70(2) ou 104(23), à l’alinéa 128(2)e) ou au paragraphe 150(4), qu’elle est tenue de produire ou qu’elle serait tenue de produire si elle avait un impôt payable en vertu de la partie pour l’année. (return of income) époux ou conjoint de fait visé S’entend au sens de l’article 122.6. (cohabiting spouse or common-law partner) particulier admissible Par rapport à un mois déterminé d’une année d’imposition, particulier, à l’exception d’une fiducie, qui, selon le cas : a) avait atteint l’âge de 19 ans avant le mois déterminé; b) à un moment antérieur ce mois : (i) résidait avec un enfant dont il est le père ou la mère, (ii) était marié ou vivait en union de fait. (eligible individual) personne à charge admissible Est une personne à charge admissible d’un particulier par rapport à un mois déterminé d’une année d’imposition, la personne qui, au début du mois déterminé, répond aux conditions suivantes : a) elle est l’enfant du particulier ou est à sa charge ou à la charge de l’époux ou conjoint de fait visé du particulier; b) elle vit avec le particulier; c) elle est âgée de moins de 19 ans; d) elle n’est pas un particulier admissible par rapport au mois déterminé; proche admissible S’entend, relativement à un particulier pour un mois déterminé d’une année d’imposition, de la personne qui, au début du mois déterminé, est l’époux ou conjoint de fait visé du particulier. (qualified relation) Persons not eligible or qualified (a) died before the specified month; (d) is at the beginning of the specified month a person described in paragraph 149(1)(a) or (b); or Residence recensement pertinent a) pour les années d’imposition 2023 et 2024, le recensement de 2016 publié par Statistique Canada; b) sinon, le dernier recensement publié par Statistique Canada avant l’année d’imposition. (relevant census) proche admissible Est un proche admissible d’un particulier par rapport à un mois déterminé d’une année d’imposition la personne qui, au début du mois déterminé, est l’époux ou conjoint de fait visé du particulier. (qualified relation) Personnes non admissibles
Malgré le paragraphe (1), n’est ni un particulier admissible, ni un proche admissible, ni une personne à charge admissible, par rapport au mois déterminé d’une année d’imposition, la personne qui, selon le cas : a) est décédée avant ce mois; b) est détenue dans une prison ou dans un établissement semblable pendant une période d’au moins 90 jours qui comprend le premier jour de ce mois; c) est une personne non-résidente au début de ce mois, à l’exception d’une personne non-résidente qui, à la fois : (i) est, à ce moment, l’époux ou le conjoint de fait visé d’une personne qui est réputée, par le paragraphe 250(1), résider au Canada tout au long de l’année d’imposition qui comprend le premier jour de ce mois, (ii) a résidé au Canada à un moment antérieur à ce mois; d) est, au début de ce mois, une personne visée aux alinéas 149(1)(a) ou (b); e) est quelqu’un pour qui une allocation spéciale prévue par la Loi sur les allocations spéciales pour enfants est payable pour ce mois. Résidence
Pour l’application du présent article, le particulier est considéré en tout temps ne résider qu’à son lieu principal de résidence. (A + B + C × D) × E where B is E is Shared-custody parent Montant réputé versé au titre de l’impôt
Le particulier admissible par rapport à un mois déterminé d’une année d’imposition qui produit une déclaration de revenu pour l’année est réputé avoir payé, au cours de ce mois, au titre de son impôt payable en vertu de la présente partie pour l’année, une somme égale à la somme obtenue par la formule suivante : (A + B + C × D) × E où : A représente le montant fixé par le ministre des Finances à l’égard d’un particulier admissible par rapport au mois déterminé relativement à la province (appelée « province visée » au présent paragraphe et au paragraphe (6)) où réside le particulier admissible au début de ce mois; B : a) le montant fixé par le ministre des Finances à l’égard d’un proche admissible par rapport au mois déterminé relativement à la province visée, si : (i) le particulier admissible a un proche admissible au début de ce mois, (ii) le sous-alinéa (i) ne s’applique pas et le particulier admissible a une personne à charge admissible au début de ce mois, b) dans les autres cas, zéro; C le montant fixé par le ministre des Finances à l’égard d’une personne à charge admissible par rapport au mois déterminé relativement à la province visée; D le nombre de personnes à charge admissibles du particulier admissible au début du mois déterminé, sauf une personne à charge admissible à l’égard de laquelle un montant est inclus par l’effet du sous-alinéa a)(ii) de l’élément B par rapport à ce mois; E : a) si la province visée compte une région métropolitaine de recensement, selon le recensement pertinent, et que le particulier ne réside pas dans une telle région au début du mois déterminé, 1,2, b) sinon, 1. Parent ayant la garde partagée (4.1) Malgré le paragraphe (4), si un particulier admissible est un parent ayant la garde partagée (au sens de l’article 122.6, la définition de personne à charge admissible à cet article étant toutefois entendue au sens du paragraphe (1)) à l’égard d’une ou de plusieurs personnes à charge admissibles au début d’un mois, la somme qui
where Months specified Authority to specify amounts Only one eligible individual Exception — qualified dependant est réputée, en vertu du paragraphe (4), avoir été payée au cours d’un mois déterminé correspond à la somme obtenue par la formule suivante : 0,5(A + B) où : A représente la somme obtenue par la formule figurant au paragraphe (4), compte non tenu du présent paragraphe, B la somme obtenue par la formule figurant au paragraphe (4), compte non tenu du présent paragraphe ni du sous-alinéa b)(ii) de la définition de particulier admissible à l’article 122.6. Mois déterminés (4.2) Pour l’application du présent article, les mois déterminés d’une année d’imposition sont avril, juillet et octobre de l’année d’imposition suivante et janvier de la deuxième année d’imposition suivante. Montants fixés par le ministre
Le ministre des Finances peut fixer des montants relativement à une province par rapport à un mois déterminé d’une année d’imposition pour l’application du présent article. S’il ne fixe pas un montant particulier se rapportant à l’application du présent article, ce montant est réputé être zéro pour l’application du présent article. Présomption de remboursement — redevances sur les combustibles
Le montant qui est réputé, par le présent article, avoir été payé au cours d’un mois déterminé au titre de l’impôt payable pour une année d’imposition est réputé être un remboursement effectué au cours de ce mois relativement aux redevances prélevées en vertu de la partie 1 de la Loi sur la tarification de la pollution causée par les gaz à effet de serre à l’égard de la province visée. Un seul particulier admissible
Dans le cas où un particulier et le proche admissible d’un autre particulier relativement à un mois déterminé d’une année d’imposition et où les deux particuliers seraient, en l’absence du présent paragraphe, des particuliers admissibles relativement à ce mois, seul le particulier désigné par le ministre est le particulier admissible relativement à ce mois. Personne à charge admissible d’un seul particulier
La personne qui, en l’absence du présent paragraphe, serait la personne à charge admissible de plusieurs particuliers par rapport à un mois déterminé d’une année Income Tax PART I Income Tax DIVISION E Computation of Tax
(a) the individual ceases to be an eligible individual; Effect of bankruptcy (NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.) 2014, c. 39, s. 3; 2016, c. 7, s. 32; 2018, c. 27, s. 13; 2022, c. 10, s. 11; 2024, c. 15, s. 30. SUBDIVISION A.4 Definitions Impôt sur le revenu
a) soit de celui parmi ces particuliers sur lequel ceux-ci se sont mis d’accord; b) soit, en l’absence d’accord, des particuliers qui, au début de ce mois, sont des particuliers admissibles (au sens de l’article 122.6, la définition de personne à charge admissible à cet article étant toutefois entendue au sens du paragraphe (1)) à son égard; c) soit, dans les autres cas, de nul autre que le particulier désigné par le ministre. Avis au ministre (8.1) Un particulier est tenu d’aviser le ministre des événements ci-après avant la fin du mois suivant celui où l’événement se produit: a) le particulier cesse d’être un particulier admissible; b) une personne devient ou cesse d’être une personne à charge admissible du particulier; c) une personne cesse d’être une personne à charge admissible du particulier pour une autre raison que celle d’avoir atteint l’âge de 19 ans. Effet de la faillite
Pour l’application du présent article, dans le cas où un particulier devient un failli au cours d’une année civile, malgré le paragraphe 128(2), toute mention (sauf au présent paragraphe) de l’année d’imposition du particulier lié vaut mention de l’année civile en question. (NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.) 2014, ch. 39, art. 3; 2016, ch. 7, art. 32; 2018, ch. 27, art. 13; 2022, ch. 10, art. 11; 2024, ch. 15, art. 30.
Crédit d’impôt pour fournitures scolaires Définitions
déclaration de revenu En ce qui concerne un éducateur admissible pour une année d’imposition, la déclaration de revenu, sauf celle prévue aux paragraphes 70(2) ou 104(23), à l’alinéa 128(2)e) ou au paragraphe 150(4), qu’il est tenu de produire pour l’année où qu’il serait tenu de Income Tax PART I Income Tax DIVISION E Computation of Tax
(ii) certificate or diploma in early childhood education. (éducateur admissible) (ii) directly consumed or used in the performance of the duties of the eligible educator’s employment; (a) consumable supplies; and Impôt sur le revenu
produire s’il avait un impôt payable en vertu de la présente partie pour l’année. (return of income) dépense admissible Est une dépense admissible d’un éducateur admissible pour une année d’imposition, la somme (sauf une somme déduite dans le calcul du revenu d’une personne pour une année d’imposition ou toute autre somme par ailleurs incluse dans le calcul d’une déduction de l’impôt payable par une personne en vertu de la présente loi pour une année d’imposition) versée par lui au cours de l’année au titre de fournitures scolaires, dans la mesure où : a) les fournitures scolaires ont été, à la fois : (i) achetées par lui à des fins d’enseignement ou d’aide à l’apprentissage des élèves, (ii) consommées ou utilisées directement dans l’accomplissement des fonctions liées à son emploi; b) il n’a le droit de recevoir aucun remboursement, aucune allocation ni aucune autre forme d’aide (sauf une somme qui est incluse dans le calcul de son revenu pour une année d’imposition et qui n’est pas déductible dans le calcul de son revenu imposable) au titre de la somme versée. (eligible supplies expense) éducateur admissible Relativement à une année d’imposition, le particulier qui, au cours de l’année, est : a) d’une part, employé au Canada à titre d’enseignant ou d’éducateur de la petite enfance à l’un des établissements suivants : (i) une école primaire ou secondaire, (ii) un établissement réglementé d’aide à l’enfance; b) d’autre part, titulaire de l’un des documents ci-après qui est en cours de validité et reconnu dans la province, ou le territoire, où il est employé : (i) un brevet, permis ou diplôme, ou une licence, d’enseignement, (ii) un brevet ou diplôme en éducation de la petite enfance. (eligible educator) fournitures scolaires Les fournitures suivantes : a) une fourniture consommable; b) un bien durable visé par règlement. (teaching supplies) (a) $1,000; Certificate Effect of bankruptcy Part-year residents (a) the total of Paiement en trop réputé
L’éducateur admissible qui produit une déclaration de revenu pour une année d’imposition et qui fait une demande en vertu du présent paragraphe est réputé avoir payé, à la fin de l’année, au titre de son impôt payable en vertu de la présente partie pour l’année, une somme égale à 25 % de la moindre des sommes suivantes : a) 1 000 $; b) le total des sommes dont chacune est une dépense admissible de l’éducateur admissible pour l’année; c) si l’éducateur admissible ne remet pas le certificat visé au paragraphe (3) relativement à l’année selon les modalités et dans le délai exigés par le ministre, zéro. Certificat
Sur demande du ministre, l’éducateur admissible qui demande pour une année d’imposition le crédit prévu au présent article fournit au ministre un certificat écrit, provenant de son employeur ou d’un cadre délégué de l’employeur, attestant les dépenses admissibles de l’éducateur admissible pour l’année. Effet de la faillite
Pour l’application de la présente sous-section, si un éducateur admissible devient failli au cours d’une année civile, malgré le paragraphe 128(2), toute mention de l’année d’imposition de l’éducateur admissible (sauf au présent paragraphe) vaut mention de l’année civile. Résident pendant une partie de l’année
Si un éducateur admissible réside au Canada tout au long d’une partie d’une année d’imposition et, tout au long d’une autre partie de l’année, il est non-résident, le total des sommes qui est réputé avoir payées, en application du paragraphe (2), pour l’année ne peut dépasser le moindre des totaux suivants : a) le total des sommes suivantes : (i) les sommes réputées payées en application du paragraphe (2) qu’il est raisonnable de considérer comme étant entièrement applicables à la période ou aux périodes de l’année tout au long desquelles l’éducateur ne réside pas au Canada, calculées comme si cette période ou ces périodes constituaient l’année d’imposition entière, (ii) les sommes réputées payées en application du paragraphe (2) qu’il est raisonnable de considérer comme étant entièrement applicables à la période ou aux périodes de l’année tout au long desquelles Income Tax PART I Income Tax DIVISION E Computation of Tax
(NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.) 1, 2016, c. 7, s. 33; 2022, c. 5, s. 4. SUBDIVISION A.5 Impôt sur le revenu
b) le total des sommes qui auraient été réputées payées en application du paragraphe (2) pour l’année si l’éducateur avait résidé au Canada tout au long de l’année. Non-résidents
Le paragraphe (2) ne s’applique pas relativement à une année d’imposition d’un éducateur admissible ni ce dernier ne réside au Canada à aucun moment de l’année, sauf si la totalité ou la presque totalité de son revenu pour l’année est incluse dans le calcul de son revenu imposable gagné au Canada pour l’année. (NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs applicables.) 1, 2016, c. 7, art. 33; 2022, c. 5, art. 4.
Crédit canadien pour la formation Montant demandé
a) le plafond du montant pour frais de formation qui lui est applicable pour l’année d’imposition; b) 50 % du montant qui serait déductible en application des alinéas 118.5(1)a) ou d) dans le calcul de l’impôt payable par le particulier en vertu de la présente partie pour l’année d’imposition si, à la fois : (i) la présente loi s’appliquait compte non tenu des paragraphes 118.5(1.2) et (2), (ii) le taux de base pour l’année était de 100 %. Plafond du montant pour frais de formation
Pour l’application du présent article, le plafond du montant pour frais de formation qui est applicable à un particulier pour une année d’imposition correspond à celle des sommes suivantes qui est applicable : a) si l’année d’imposition est postérieure à 2019 et si le particulier a atteint l’âge de 26 ans, mais non de 66 ans, avant la fin de l’année d’imposition, le moins élevé des montants suivants : Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A.5 Canada Training Credit
A + B - C where B is (A) $250, if $5,000 - D where Impôt sur le revenu
(i) la somme obtenue par la formule suivante : A + B - C où : A représente le plafond du montant pour frais de formation qui est applicable au particulier pour l’année d’imposition précédente, B : (A) 250 $, si, à la fois : (I) le particulier a produit une déclaration de revenu pour l’année d’imposition précédente, (II) le particulier a résidé au Canada tout au long de l’année d’imposition précédente, (III) le total des montants suivants est supérieur ou égal à 10 000 $ : 1 le montant qui représenterait le revenu de travail du particulier (au sens du paragraphe 122.7(1)) pour l’année d’imposition précédente, en l’absence de l’alinéa 81(1)a) et du paragraphe 81(4), 2 le total des montants dont chacun représente un montant payable au particulier en vertu des paragraphes 22(1), 23(1), 152.04(1) ou 152.05(1) de la Loi sur l’assurance-emploi au cours de l’année d’imposition précédente, 3 le montant qui serait compris dans le revenu du particulier par l’effet du sous-alinéa 56(1)a)(vii) dans le calcul de son revenu pour l’année d’imposition précédente, en l’absence de l’alinéa 81(1)a), (IV) le revenu du particulier pour l’année d’imposition précédente en vertu de la présente partie n’excède pas le montant en dollars le plus élevé visé à l’alinéa 117(2)c), rajusté en vertu de la présente loi pour l’année d’imposition précédente, (B) zéro, dans les autres cas, C le montant réputé avoir été payé par le particulier en vertu du paragraphe (1) relativement à l’année d’imposition précédente, Effect of bankruptcy SUBDIVISION A.6 Definitions (b) an individual who année d’imposition de la période de rénovation Année d’imposition dans laquelle prend fin la période de rénovation relativement aux travaux de rénovation admissibles. (renovation period taxation year) déclaration de revenu Relativement à un particulier admissible pour une année d’imposition, s’entend de la déclaration de revenu, sauf celle prévue à l’un des paragraphes 70(2) ou 104(23), à l’alinéa 128(2)c) ou au paragraphe 150(4), qui est produite pour l’année ou qui serait tenue de produire s’il avait un impôt payable en vertu de la présente partie pour l’année. (return of income) dépense admissible Est une dépense admissible d’un particulier toute dépense engagée ou effectuée si, à la fois, elle : a) est directement attribuable à des travaux de rénovation relativement apportés au logement admissible relativement auquel un particulier est un particulier admissible; b) est engagée ou effectuée par le particulier avant la fin de la période de rénovation relativement aux travaux visés à l’alinéa a); c) représente le coût de marchandises acquises ou de services reçus, y compris les dépenses engagées ou effectuées afin d’obtenir les permis nécessaires à la réalisation des travaux ou de louer l’équipement utilisé lors de ces travaux; d) n’est pas une dépense engagée ou effectuée à l’égard : (i) du coût de travaux de réparation ou d’entretien annuels, périodiques ou courants, (ii) de l’acquisition d’un appareil électroménager, (iii) de l’acquisition d’un appareil électronique de divertissement, (iv) du coût de travaux ménagers, de surveillance de la sécurité, de travaux de jardinage, de l’entretien extérieur ou d’autres services semblables, (v) du financement du coût relativement aux travaux de rénovation admissibles, (vi) des marchandises ou des services fournis par une personne ayant un lien de dépendance avec le particulier, sauf si cette personne est inscrite sous le régime de la partie IX de la Loi sur la taxe d’accise, Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A.6 Multigenerational Home Renovation Tax Credit
(d) is not an outlay or expense (iii) to acquire an electronic home-entertainment device, (vii) d’une dépense qui peut raisonnablement être considérée ayant été remboursée. (qualifying expenditure) logement admissible S’entend, relativement à un particulier déterminé pour une année d’imposition de la période de rénovation, d’un logement (y compris le fonds de terre sous-jacent au logement et le fonds de terre adjacent, mais à l’exclusion de la partie de ce fonds de terre dont la superficie excède un demi-hectare ou, si elle est supérieure, de la partie de ce même fonds qui est nécessaire à l’usage du logement comme résidence) situé au Canada à l’égard duquel les conditions suivantes sont réunies : a) à un moment donné d’une année d’imposition de la période de rénovation, le particulier déterminé ou un proche admissible de ce dernier, ou une fiducie dont il est bénéficiaire, est propriétaire — que ce soit conjointement avec une autre personne ou autrement — du logement; b) le logement est normalement habité, ou il est raisonnable de s’attendre à ce qu’il le soit, dans les douze mois suivant la fin de la période de rénovation par le particulier déterminé ou un proche admissible de ce dernier. (eligible dwelling) logement secondaire Un logement autonome qui remplit les conditions suivantes : a) il compte une entrée privée, une cuisine, une salle de bain et une aire de repos; b) il satisfait aux exigences locales à titre d’habitation secondaire; c) il remplit les conditions prévues par règlement. (secondary unit) particulier Ne vise pas les fiducies. (individual) particulier admissible S’entend, relativement à un logement admissible, pour une année d’imposition de la période de rénovation, des personnes suivantes : a) un particulier déterminé, ou qui a l’intention de le faire, dans le logement admissible dans les douze mois suivant la fin de la période de rénovation relativement à des travaux de rénovation admissibles du logement admissible et qui est : (i) soit un particulier déterminé, (ii) soit l’époux ou le conjoint de fait visé (au sens de l’article 122.6) d’un particulier déterminé à Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A.6 Multigenerational Home Renovation Tax Credit
(b) ends at the time of the completion of the qualifying renovation. (période de rénovation) renovation period taxation year means the taxation year in which the renovation period in respect of a qualifying renovation ends. (année d’imposition de la période de rénovation) Impôt sur le revenu
un moment donné au cours de l’année d’imposition de la période rénovation, (iii) soit un proche admissible d’un particulier déterminé; b) un particulier qui est, à la fois : (i) un proche admissible d’un particulier déterminé, (ii) le propriétaire du logement admissible ou le bénéficiaire d’une fiducie à qui appartient le logement admissible. (eligible individual) période de rénovation Relativement à une année d’imposition de la période de rénovation, s’entend d’un particulier qui atteint l’âge de : a) 65 ans avant la fin de l’année d’imposition de la période de rénovation; b) 18 ans avant la fin de cette année d’imposition et à l’égard duquel une somme est déduite en application de l’article 118.3, ou est à se servir en l’absence de l’article 118.3(1)c). Cela inclut un impôt payable par un particulier déterminé ou de son époux ou conjoint de fait visé (au sens de l’article 122.6). (qualifying relation) période de rénovation S’entend, pour des travaux de rénovation admissibles d’un logement admissible, d’une période qui : a) commence au moment où la première dépense admissible est engagée ou effectuée relativement aux travaux de rénovation admissibles; b) prend fin lorsque les travaux de rénovation admissibles sont terminés. (renovation period) proche admissible Est un proche admissible d’un particulier déterminé pour une année d’imposition de la période de rénovation le particulier qui remplit les conditions suivantes : a) il a atteint l’âge de 18 ans avant la fin de l’année d’imposition de la période de rénovation; b) il est, à un moment donné au cours de l’année d’imposition de la période de rénovation, un grand-parent, un enfant, un petit-enfant, un frère, une sœur, une tante, un oncle, une nièce ou un neveu du particulier déterminé ou de son époux ou conjoint de fait visé (au sens de l’article 122.6). (qualifying relation) Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION A.6 Multigenerational Home Renovation Tax Credit
(c) meets prescribed conditions, if any. (logement secondaire) travaux de rénovation admissibles S’entend de travaux de rénovation ou de transformation apportés au logement admissible d’un particulier déterminé qui, à la fois : a) sont des travaux à caractère durable qui font partie intégrante du logement admissible; b) sont effectués afin de permettre au particulier déterminé de résider dans le logement avec un proche admissible ou au proche admissible, en établissant dans le logement un logement secondaire qu’occupera le particulier déterminé ou le proche admissible. (qualifying renovation) A × B where (a) $50,000, Dépense admissible — fiducies
Pour l’application du présent article, une dépense admissible d’un particulier donné qui est un particulier admissible relativement à un logement admissible comprend toute dépense engagée ou effectuée par une fiducie dont le particulier donné est bénéficiaire, relativement au logement admissible, jusqu’à concurrence de la part de cette dépense qui est raisonnablement attribuable au logement admissible, compte tenu du montant des dépenses engagées ou effectuées relativement au logement admissible, si a) la dépense serait une dépense admissible du particulier donné si elle avait été engagée ou effectuée par ce dernier; b) la fiducie a avisé le particulier donné du montant des dépenses attribuables au logement admissible. Paiement en trop réputé
Le particulier admissible qui produit une déclaration de revenu pour une année d’imposition de la période de rénovation et qui demande un remboursement en vertu du présent paragraphe dans cette déclaration de revenu est réputé avoir payé, à la fin de l’année, au titre de son impôt payable en vertu de la présente partie pour l’année d’imposition, la somme obtenue par la formule suivante : A × B où : A représente le taux de base pour l’année; B la moindre des sommes suivantes : a) 50 000 $; b) le total des sommes représentant chacune une dépense admissible du particulier relativement aux travaux de rénovation admissibles qui ont pris fin au cours de l’année; Limits Effect of bankruptcy Income Tax PART I Income Tax DIVISION G Computation of Tax SUBDIVISION AG Multigenerational Home Renovation Tax Credit
SUBDIVISION B [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1970-71-72, c. 63, s. 1 “123”; 1984, c. 22, s. 90; 1986, c. 55, s. 247; 1988, c. 28, s. 250; c. 65, s. 100. Corporation surtax exceeds exceeds Impôt sur le revenu
d) toute déclaration de revenu produite par le représentant légal du particulier est réputée être une déclaration de revenu produite par le particulier. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2022, ch. 19, art. 19; 2024, ch. 17, art. 32.
Règles applicables aux sociétés Taux afférents aux sociétés 123 (1) L’impôt payable par une société en vertu de la présente partie sur son revenu imposable ou sur son revenu imposable gagné au Canada, selon le cas (appelé le « montant imposable » au présent article), pour l’année est, sauf disposition contraire : a) 38 % de son montant imposable pour l’année. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1970-71-72, ch. 63, art. 1 « 123 »; 1984, ch. 22, art. 90; 1986, ch. 55, art. 247; 1988, ch. 28, art. 250; ch. 65, art. 100. Surtaxe des sociétés
a) de l’impôt payable en vertu de la présente partie par la société pour l’année, calculé compte non tenu de l’application du présent article, de l’article 123.2 et de l’article 125.1, des paragraphes 127(3) et (5), 127.2(1) et 127.3(1) de la présente loi, de l’alinéa 123(1)(b) et du paragraphe 127(13) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts revisés du Canada de 1952, ni de la mention « dans une province » au paragraphe 124(1) de la présente loi, sur : b) dans le cas d’une société privée sous contrôle canadien à laquelle le paragraphe 125(1) s’applique, l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii): Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION B Rules Applicable to Corporations
and (d) in any other case, nil [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1972, c. 63, s. 2; 1985, c. 45, s. 86; 1986, c. 55, s. 69.
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 123.2; 1994, c. 7, Sch. VIII, s. 61; 1996, c. 21, s. 24; 1999, c. 22, s. 45; 2001, c. 17, s. 111; 2005, c. 30, s. 9; 2006, c. 4, s. 72. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1986, c. 21, s. 25; 2016, c. 15, s. 6; 2024, c. 15, s. 31. Corporation Tax Reductions Definitions CCPC rate reduction percentage [Repealed, 2003, c. 15, s. 78(1)] Impôt sur le revenu
(i) 15 % du moins élevé des montants calculés selon les alinéas 125(1)a) à c) pour celle-ci pour l’année, (ii) le montant calculé selon l’alinéa 125.1(1)b) pour celle-ci pour l’année; c) dans le cas d’une société de fonds mutuel, le moins élevé des montants qui seraient calculés selon les alinéas a) à c) de l’élément A de la définition de impôt en main remboursable au titre des gains en capital au paragraphe 131(6) pour celle-ci pour l’année compte non tenu du présent article; d) dans les autres cas, zéro. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1972, ch. 63, art. 2; 1985, ch. 45, art. 86; 1986, ch. 55, art. 69.
[NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 123.2; 1994, ch. 7, ann. VIII, art. 61; 1996, ch. 21, art. 25; 1999, ch. 22, art. 45; 2001, ch. 17, art. 111; 2005, ch. 30, art. 9; 2006, ch. 4, art. 72. Impôt remboursable — SPCC ou SPCC en substance
a) son revenu de placement total pour l’année, au sens du paragraphe 129(4); b) l’excédent éventuel de son revenu imposable pour l’année sur le moindre des montants déterminés à son égard pour l’année selon les alinéas 125(1)a) à c). [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1986, ch. 21, art. 25; 2016, ch. 15, art. 6; 2024, ch. 15, art. 31. Réductions de l’impôt des sociétés Définitions
pourcentage de réduction du taux des SPCC [Abrogé, 2003, ch. 15, art. 78(1)] pourcentage de réduction du taux général En ce qui concerne une société pour une année d’imposition, le total de ce qui suit : (iv) [Repealed, 2003, c. 15, s. 78(2)]
[Repealed, 2003, c. 15, s. 78(5)] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations:] 2001, c. 17, s. 112; 2003, c. 15, s. 78, c. 28, s. 12; 2006, c. 4, s. 73, report c. 2, s. 32, c. 9, s. 14, c. 36, s. 181; 2013, c. 33, s. 12, c. 34, s. 261, c. 40, s. 54; 2024, c. 15, s. 32. (iii) son revenu pour l’année provenant d’une entreprise de prestation de services personnels, (iv) si elle est une caisse de crédit tout au long de l’année et a déduit une somme en application du paragraphe 125(1) pour l’année par l’effet des paragraphes 137(3) et (4), la somme éventuelle qui correspond au résultat de la multiplication de la valeur de l’élément B de la formule figurant au paragraphe 137(3) par la valeur de l’élément C de cette formule, à son égard pour l’année; b) si la société est une société privée sous contrôle canadien tout au long de l’année ou une SPCC en substance à un moment donné au cours de l’année, l’excédent de la partie de son revenu imposable pour l’année qui est assujettie à l’impôt prévu au paragraphe 123(1) sur le total des montants suivants: (i) les montants qui seraient déterminés à son égard pour l’année selon les sous-alinéas a)(i) à (iv) si l’alinéa a) s’appliquait à elle, (ii) la somme des montants déterminés à son égard pour l’année selon les alinéas 125(1)a) à c), (iii) son revenu imposable pour l’année assujetti à l’impôt prévu au paragraphe 129(4), pour l’année, sauf si elle est, tout au long de l’année, une société coopérative, au sens du paragraphe 136(2), ou une caisse de crédit; (iv) [Abrogé, 2003, ch. 15, art. 78(2)] c) si la société est, tout au long de l’année, une société de placement, une société de placement hypothécaire ou une société de placement à capital variable, zéro. (full rate taxable income) Déduction d’impôt générale
Est déductible de l’impôt payable par ailleurs en vertu de la présente partie pour une année d’imposition par une société le produit du pourcentage de réduction du taux général qui lui est applicable pour l’année par son revenu imposable à taux complet pour l’année.
[Abrogé, 2003, ch. 15, art. 78(5)] [NOTE: Les dispositions d’application ne sont pas incluses dans le présent texte consolidé; voir les lois et règlements modificatifs applicables:] 2001, ch. 17, art. 112; 2003, ch. 15, art. 78, ch. 28, art. 12; 2006, ch. 4, art. 73, rapport ch. 2, art. 32, ch. 9, art. 14, ch. 36, art. 181; 2013, ch. 33, art. 12, ch. 34, art. 261, ch. 40, art. 54; 2024, ch. 15, art. 32. Entreprise de prestation de services personnels – impôt
Definition (a) a bank; (c) a financial institution (as defined in subsection 190(1)) that is related to any corporation described in paragraph (a) or (b). (membre d’un groupe de banques ou d’assureurs-vie)
where B is $100 million × (C ÷ 365) where Income Tax PART I Income Tax DIVISION B Computation of Tax SUBDIVISION B Rules Applicable to Corporations
Impôt sur le revenu
Groupe lié
Pour l’application du présent article, une société visée aux alinéas a) ou b) de la définition de membre du groupe de banques ou d’assureurs-vie au paragraphe (1) à un moment donné de son année d’imposition qui est liée à un autre membre d’un groupe de banques ou d’assureurs-vie à la fin de l’année (au présent article, la société et ces membres étant appelés collectivement « groupe lié ») peut produire auprès du ministre, selon le formulaire prescrit avec sa déclaration de revenu, un accord au nom du groupe lié précisant une somme attribuée aux membres du groupe lié pour toutes les années d’imposition des membres se terminant dans la même année civile, d’une somme n’excédant pas 100 000 000 $. Répartition par le ministre
Le ministre peut demander à la société qui est membre d’un groupe lié à un moment donné de son année d’imposition de lui produire l’accord visé au paragraphe (3). Si la société ne produit pas cet accord dans les 30 jours suivant la demande, le ministre peut répartir le montant visé au paragraphe (3) entre les membres du groupe lié pour l’année d’imposition des membres du groupe de banques ou d’assureurs-vie se terminant dans la même année civile. Répartition
Pour l’application du présent article, la somme la moins élevée qui est attribuée pour une année d’imposition à chaque membre d’un groupe de banques ou d’assureurs-vie selon l’accord visé au paragraphe (3), ou par le ministre conformément au paragraphe (4), représente la somme obtenue pour l’élément B de la formule figurant au paragraphe (2) du membre pour cette année. Lorsqu’aucune répartition n’est effectuée, la somme obtenue pour l’élément B de la formule figurant au paragraphe (2) de chaque membre du groupe de banques ou d’assureurs-vie pour cette année est zéro. Anti-évitement
Lorsqu’une somme a été déduite dans le calcul du revenu d’une société, elle est réputée ne pas avoir été déduite dans le calcul du revenu imposable de la société, ou de son revenu imposable gagné au Canada, selon le cas, pour le calcul de son impôt payable en vertu du paragraphe (2), si les conditions ci-après sont réunies : a) la déduction est à l’égard d’un montant qu’il est raisonnable de considérer comme payé ou payable (appelé « paiement » au présent paragraphe), directement Income Tax PART I Income Tax DIVISION D Computation of Tax SUBDIVISION B Rules Applicable to Corporations Sections 123.6-125 Crown agents Definitions taxable income earned in the year in a province means the amount determined under rules prescribed for the purpose by regulations made on the recommendation of the Minister of Finance. (revenu imposable gagné au cours de l’année dans une province) [NOTE: Les dispositions d’application ne sont pas incluses dans le présent codifié; voir les lois et règlements modificatifs appropriés.] R.S., 1985, c. 1 (5th Supp.), s. 124; 1994, c. 7, Sch. VIII, s. 62. Impôt sur le revenu
ou indirectement, à une personne ou à une société de personnes avec qui la société avait un lien de dépendance; b) la personne ou la société de personnes n’était pas membre d’un groupe de banques ou d’assureurs-vie; c) il est raisonnable de considérer que l’un des objets de ce paiement était de réduire l’impôt payable par la société en vertu du paragraphe (2). [NOTE: Les dispositions d’application ne sont pas incluses dans le présent codifié; voir les lois et règlements modificatifs appropriés.] 2022, ch. 19, art. 20. Déduction de l’impôt des sociétés 124 (1) Il peut être déduit de l’impôt par ailleurs payable par une société en vertu de la présente partie, pour une année d’imposition, somme égale à 10 % du revenu imposable de la société, gagné au cours de l’année dans une province. Mandataires de Sa Majesté
Malgré le paragraphe (1), aucune déduction ne peut être effectuée en vertu du présent article sur l’impôt par ailleurs payable, en vertu de la présente partie pour une année d’imposition, par une société à l’égard d’un revenu imposable de la société pour l’année qui n’est pas, par l’effet de quelque loi fédérale, ni par une société d’État prévue par règlement et qui est un mandataire de Sa Majesté. Définitions
Les définitions qui suivent s’appliquent au présent article. province S’entend en outre de la zone extracôtière de Terre-Neuve et de la zone extracôtière de la Nouvelle-Écosse. (province) revenu imposable gagné au cours de l’année dans une province Le montant déterminé en vertu des règles établies à cette fin par règlement pris sur recommandation du ministre des Finances. (taxable income earned in the year in a province) [NOTE: Les dispositions d’application ne sont pas incluses dans le présent codifié; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 124; 1994, ch. 7, ann. VIII, art. 62. Déduction accordée aux petites entreprises 125 (1) La société qui est tout au long d’une année d’imposition une société privée sous contrôle canadien peut déduire de son impôt payable par ailleurs pour l’année en vertu de la présente partie une somme égale au produit de la multiplication du taux de déduction accordée aux petites entreprises qui lui est applicable pour l’année par la moins élevée des sommes suivantes : (A) described in paragraph (a) of the description of A in the definition specified partnership income in subsection (7) for the year, (B) described in subparagraph (a)(i) of the definition specified corporate income in subsection (7) for the year, or (ii) the specified partnership income of the corporation for the year, and (ii.1) the specified corporate income of the corporation for the year, (iv) the specified partnership loss of the corporation for the year, a) l’excédent éventuel du total des montants suivants : (i) le total des sommes dont chacune est le montant de revenu de la société pour l’année provenant d’une entreprise exploitée activement au Canada, sauf l’une des sommes suivantes : (A) celle qui est visée à l’alinéa a) de l’élément A de la première formule figurant à la définition de revenu de société de personnes déterminé au paragraphe (7) pour l’année, (B) celle qui est visée au sous-alinéa a)(i) de la définition de revenu de société déterminé au paragraphe (7) pour l’année, (C) celle qui est payée ou payable à la société par une autre société avec laquelle elle est associée et qui est réputée, par le paragraphe 129(6), constituer un revenu pour l’année provenant d’une entreprise exploitée activement par la société dans des circonstances où l’autre société n’est pas une société privée sous contrôle canadien ou est une société privée sous contrôle canadien qui a fait un choix en vertu du paragraphe 256(2) pour son année d’imposition au cours de laquelle le montant a été payé ou est payable, (ii) le revenu de société de personnes déterminé de la société pour l’année, (ii.1) le revenu de société déterminé de la société pour l’année, sur le total des montants suivants : (iii) l’ensemble de toutes les sommes dont chacune est une perte de la société pour l’année provenant de l’exploitation d’une entreprise exploitée activement au Canada (autre qu’une perte de la société pour l’année provenant d’une entreprise qu’elle exploite comme associé d’une société de personnes), (iv) la perte de société de personnes déterminée de la société pour l’année, b) l’excédent éventuel du revenu imposable de la société pour l’année sur le total des montants suivants : (i) les 100/28e du total des sommes qui seraient déductibles, en application du paragraphe 126(1), de l’impôt payable par ailleurs en vertu de la présente partie sur l’année si ces sommes étaient déterminées compte non tenu des articles 123.3 et 123.4, (d) and (e) [Repealed, 2016, c. 7, s. 34] Business limit (iii) le résultat de la multiplication du total des sommes qui seraient déductibles, en application du paragraphe 126(2), de l’impôt payable par ailleurs par la société pour l’année en vertu de la présente partie si elles étaient déterminées compte non tenu de l’article 123.4, par le facteur de référence pour l’année, (iii) la fraction du revenu imposable de la société pour l’année qui n’est pas assujettie à l’impôt en vertu de la présente partie par l’effet de quelque loi fédérale; c) le plafond des affaires de la société pour l’année. Taux de la déduction pour petite entreprise (1.1) Pour l’application du paragraphe (1), le taux de la déduction pour petite entreprise applicable à une société pour une année d’imposition correspond au total des sommes suivantes : a) la proportion de 17,5 % que représente le nombre de jours de l’année d’imposition qui sont antérieurs à 2018 par rapport au nombre total de jours de l’année d’imposition; b) la proportion de 18 % que représente le nombre de jours de l’année d’imposition qui sont en 2018 par rapport au nombre total de jours de l’année d’imposition; c) la proportion de 19 % que représente le nombre de jours de l’année d’imposition qui sont postérieurs à 2018 par rapport au nombre total de jours de l’année d’imposition. d) et e) [Abrogés, 2016, ch. 7, art. 34] Définition de plafond des affaires
Pour l’application du présent article, le plafond des affaires d’une société pour une année d’imposition est de 500 000 $, sauf si la société est associée, pendant l’année, à une ou plusieurs autres sociétés privées sous contrôle canadien, auquel cas son plafond des affaires pour l’année est nul, sauf disposition contraire du présent article. Sociétés associées
Malgré le paragraphe (2), si les sociétés privées sous contrôle canadien qui sont associées les unes aux autres pendant une année d’imposition présentent au ministre, selon le formulaire prescrit, une convention par laquelle est attribué, pour l’application du présent article, un pourcentage à une ou plusieurs d’entre elles pour l’année, le plafond des affaires, pour l’année, de chacune de ces sociétés correspond à ce qui suit : Income Tax PART I Income Tax DIVISION B Computation of Tax SUBDIVISION B Rules Applicable to Corporations
Reduction — business limit Assignment A - B where (d) a prescribed form is filed with the Minister by Impôt sur le revenu
a) si le total des pourcentages attribués selon la convention n’excède pas 100 %, le produit de 500 000 $ par le pourcentage attribué à la société selon la convention; b) dans les autres cas, zéro. Réduction — plafond des affaires (3.1) Le plafond des affaires pour l’année d’une société visée aux paragraphes (2), (3) ou (4) est réduit du total des sommes dont chacune est la partie éventuelle du montant de ce plafond que la société attribue à une autre société en vertu du paragraphe (3.2). Attribution (3.2) Pour l’application du présent article, une société privée sous contrôle canadien (appelée première société au présent paragraphe) peut attribuer tout ou partie de son plafond des affaires visé aux paragraphes (2), (3) ou (4) pour une de ses années d’imposition à une autre société privée sous contrôle canadien (appelée seconde société au présent paragraphe) pour une année d’imposition de la seconde société si a) la seconde société a, pour son année d’imposition, un montant de revenu mentionné au sous-alinéa a)(i) de la définition de revenu de société déterminé au paragraphe (7) provenant de la fourniture de biens ou services directement à la première société; b) l’année d’imposition de la première société se termine dans celle de la seconde société; c) la somme attribuée n’excède pas le montant obtenu par la formule suivante : A - B où : A représente le montant de revenu mentionné à l’alinéa a), B la partie du montant visé à l’élément A qui est déductible par la première société relativement au montant de revenu, mentionné aux divisions (1)a)(i)(A) ou (B) pour l’année; d) un formulaire prescrit est présenté au ministre, à la fois : (i) par la première société dans sa déclaration de revenu pour son année d’imposition en cause, (ii) par la seconde société dans sa déclaration de revenu pour son année d’imposition en cause.
Notwithstanding subsections (2), (3) and (4), Business limit reduction A × B + $90,000 where A B
where C is D/500,000 × 5(E − $50,000) where D E moment de l’année donnée pour chaque année d’imposition de la société ou de la société associée, selon le cas, se terminant dans l’année civile précédente. Anti-évitement (5.2) Pour l’application de l’alinéa (5.1)b), une société donnée et une autre société sont réputées être associées à un moment donné dans les cas suivants : a) la société donnée prête ou transfère des biens, à un moment quelconque, directement ou indirectement, à l’autre société au moyen d’une fiducie ou par tout autre moyen; b) l’autre société est, au moment donné, liée à la société donnée sans toutefois lui être associée; c) il est raisonnable de considérer que l’une des raisons pour lesquelles le prêt ou le transfert a été effectué est de réduire la valeur de l’élément E de la formule figurant à l’alinéa (5.1)b) relativement à la société donnée ou à toute société avec laquelle elle est associée, pour une année d’imposition. Revenu de société déterminé de la société associée d’une société de personnes
Pour l’application du présent article, dans le cas où, au cours d’une année d’imposition, une société est un associé d’une société de personnes et cette société ou une société à laquelle elle est associée au cours de l’année est un associé d’une ou plusieurs autres sociétés de personnes, s’il est raisonnable de considérer qu’un des principaux motifs de l’existence distincte de ces sociétés de personnes est de faire augmenter une déduction prévue au paragraphe (1) pour une société, le revenu de société de personnes déterminé de la société pour l’année est calculé, quant à ces sociétés de personnes, comme si le revenu total que ces sociétés de personnes tirent d’entreprises exploitées activement au Canada pour leurs exercices se terminant dans l’année était réputé être le plus élevé qu’une de ces sociétés de personnes tire de telles entreprises pour une année. Société réputée être un associé d’une société de personnes (6.1) Pour l’application du présent article, la société qui est un associé, ou réputée être un associé en application du présent paragraphe, d’une société de personnes qui est elle-même un associé d’une autre société de personnes est réputée être un associé de cette autre société de personnes et la part de la société sur le revenu de cette Definitions autre société de personnes pour un exercice est réputée égale à la fraction de ce revenu à laquelle la société a droit directement ou indirectement. Revenu de société de personnes déterminé réputé nul (6.2) Malgré les autres dispositions du présent article, dans le cas où, au cours d’une année d’imposition, une société est un associé d’une société de personnes qui est contrôlée, directement ou indirectement, de quelque manière que ce soit, à un moment de son exercice se terminant au cours de l’année, par une ou plusieurs personnes non-résidentes, par une ou plusieurs sociétés publiques — sauf s’il s’agit de sociétés à capital de risques prescrites — ou par ces deux sortes de personnes, le revenu de la société de personnes tiré pour cet exercice d’une entreprise exploitée activement au Canada est réputé nul pour le calcul du revenu de société de personnes déterminé de la société pour l’année. Société de personnes réputée contrôlée (6.3) Pour l’application du paragraphe (6.2), une société de personnes est réputée contrôlée par une ou plusieurs personnes à un moment donné si la part de cette personne ou de ces personnes dans le revenu de la société de personnes tiré d’une source pour l’exercice qui comprend ce moment excède la moitié de ce revenu. Définitions
Les définitions qui suivent s’appliquent au présent article. associé désigné Est l’associé désigné d’une société de personnes donnée au cours d’une année d’imposition la société privée sous contrôle canadien qui fournit (directement ou indirectement, de quelque manière que ce soit) des biens ou services à la société de personnes donnée à un moment donné de l’année d’imposition de la société et à l’égard de laquelle, à un moment donné de l’année, les énoncés ci-après se vérifient : a) d’une part, elle n’est pas un associé de la société de personnes donnée; b) d’autre part, l’un des énoncés ci-après se vérifie : (i) l’un de ses actionnaires détient une participation directe ou indirecte dans la société de personnes donnée, (ii) le sous-alinéa (i) ne s’applique pas et les énoncés ci-après se vérifient : exceeds (A) elle a un lien de dépendance avec une personne qui détient une participation directe ou indirecte dans la société de personnes donnée, (B) il ne s'avère pas que la totalité ou la presque totalité de son revenu pour l'année provenant d'une entreprise exploitée activement provient de la fourniture de biens ou services : (I) soit à des personnes avec lesquelles la société n'a aucun lien de dépendance, (II) soit à des sociétés de personnes (à l'exception de la société de personnes donnée) avec lesquelles elle n'a aucun lien de dépendance, sauf une société de personnes dans laquelle une personne qui détient une participation directe ou indirecte (designated member) bien actif Est un bien actif d'une société donnée, à un moment donné, chacun des biens suivants : a) le bien utilisé à ce moment principalement dans le cadre d'une entreprise exploitée activement, principalement au Canada, par la société donnée ou par une société privée sous contrôle canadien liée à la société donnée; b) l'action du capital-actions d'une autre société si, à ce moment : (i) d'une part, l'autre société est rattachée à la société donnée (au sens du paragraphe 186(4) selon l'hypothèse que l'autre société est, à ce moment, une société privée au sens de ce paragraphe), (ii) d'autre part, l'action est une action admissible de petite entreprise (au sens du paragraphe 110.6(1)) selon l'hypothèse que, à la fois : (A) la mention « particulière » dans cette définition vaut mention de la société donnée, (B) cette définition s'applique comme non tenu du passage « son époux ou conjoint de fait »; c) une participation, dans une société de personnes, à l'égard de laquelle les énoncés ci-après se vérifient : (i) à ce moment, la juste valeur marchande de la participation de la société donnée dans la société de personnes est égale ou supérieure à 10 % de la juste valeur marchande totale des participations dans la société de personnes, Income Tax PART I Income Tax DIVISION B Computation of Tax SUBDIVISION B Rules Applicable to Corporations
and Impôt sur le revenu
(iii) tout au long de la période de 24 mois se terminant avant ce moment, plus de 50 % de la juste valeur marchande des biens de la société de personnes était attribuable aux biens visés au présent alinéa ou aux alinéas a) ou b), (iii) à ce moment, la totalité ou la presque totalité de la juste valeur marchande des biens de la société de personnes est attribuable aux biens visés au présent alinéa ou aux alinéas a) ou b). (active asset) entreprise de placement déterminée Entreprise exploitée par une société, sauf une entreprise exploitée par une caisse de crédit ou une entreprise de location de biens autres que des immeubles ou des biens, dont le but principal est de tirer un revenu de biens, notamment des intérêts, des dividendes, des loyers et des redevances. Toutefois, sauf dans le cas où la société est une société de placement déterminée visée par règlement au cours de l’année, l’entreprise exploitée par une société au cours d’une année d’imposition n’est pas une entreprise de placement déterminée si, selon le cas : a) la société emploie dans l’entreprise plus de cinq employés à plein temps tout au long de l’année; b) la société associée à la société louant un bien au cours de l’année, dans le cadre de l’exploitation active d’une entreprise, des services de gestion ou d’administration, des services financiers, des services d’entretien ou d’autres services semblables et il est raisonnable de considérer que la société aurait eu besoin de plus de cinq employés à plein temps si ces services ne lui avaient pas été fournis. (specified investment business) entreprise de prestation de services personnels S’agissant d’une entreprise de prestation de services personnels exploitée par une société au cours d’une année d’imposition, entreprise de fourniture de services dans les cas où : a) soit un particulier qui fournit des services pour le compte de la société — appelé « employé constitué en société » à la présente définition et à l’alinéa 18(1)p); b) soit une personne liée à l’employé constitué en société, est un actionnaire déterminé de la société, et où il serait raisonnable de considérer l’employé constitué en société comme étant un cadre ou un employé de la personne ou de la société de personnes à laquelle les services sont fournis, si ce n’était de l’existence de la société, à moins : corporation that has made an election under subsection 89(11) and that has not revoked the election under subsection 89(12); (société privée sous contrôle canadien) (b) either (b) the amount, if any, included under subsection 12(10.2) in computing the corporation’s income for the year; (revenu de la société pour l’année provenant d’une entreprise exploitée activement) c) soit que la société n’emploie dans l’entreprise tout au long de l’année plus de cinq employés à temps plein; d) soit que le montant payé ou payable à la société au cours de l’année pour les services ou les biens qu’elle a reçus par celle-ci d’une société à laquelle elle était associée au cours de l’année. (personal services business) entreprise exploitée activement Toute entreprise exploitée par une société, autre qu’une entreprise de placement déterminée ou une entreprise de prestation de services personnels mais y compris un projet comportant un risque ou une affaire de caractère commercial. (active business carried on by a corporation) perte de société de personnes déterminée S’agissant de la perte de société de personnes déterminée d’une société pour une année d’imposition, le total des sommes déterminées conformément à la sous-section B de la société de personnes pour une entreprise se terminant au cours de l’année, égal au calcul suivant : A + B où : A représente le total des montants dont chacun représente la part de la société sur la perte, déterminée conformément à la sous-section J de la section B, de la société de personnes pour une entreprise se terminant au cours de l’année provenant d’une entreprise que la société exploitait activement au Canada comme associé de la société de personnes, B le total des montants dont chacun est un montant calculé selon la formule suivante : G - H où : G est le montant représenté par l’élément H de la formule applicable figurant à la définition de revenu de société de personnes déterminée au présent paragraphe pour l’année relativement au revenu qui est tiré d’une entreprise qu’elle exploitait activement au Canada comme associé de la société de personnes, H le montant représenté par l’élément G de la formule applicable figurant à la définition de revenu de société de personnes déterminée au présent paragraphe pour l’année relativement à la part de la société sur le revenu tiré de l’entreprise. (specified partnership loss) plafond des affaires de société de personnes déterminé Est le plafond des affaires de société de personnes specified cooperative income [Repealed, 2019, c. 29, s. 22] specified corporate income, of a corporation for a taxation year, means the lesser of (a) the lesser of déterminé d’une personne pour une année d’imposition à un moment donné, la somme obtenue par la formule suivante : (K/L) × M − T où : K représente le total des sommes dont chacune est la part qui revient à la personne du revenu, déterminé conformément à la sous-section J de la section B, d’une société de personnes dont la personne était un associé pour un exercice qui se termine dans l’année, provenant d’une entreprise exploitée activement au Canada; L le total des sommes dont chacune est le revenu de la société de personnes, pour un exercice mentionné à l’alinéa a) de l’élément A de la première formule figurant à la définition de revenu de société de personnes déterminé au présent paragraphe, provenant d’une entreprise exploitée activement au Canada; M la moins élevée des sommes suivantes : a) le montant du plafond des affaires visé au paragraphe (2) d’une société qui n’est associée à aucune société privée sous contrôle canadien, b) la somme obtenue par la formule suivante : (Q/R) × S où : Q représente la somme visée à l’alinéa a), R 365, S le total des sommes dont chacune est le nombre de jours d’un exercice de la société de personnes qui se termine dans l’année; T le total des sommes dont chacune est une somme attribuée par la personne en vertu du paragraphe (8). (specified partnership business limit) revenu d’agriculture ou de pêche déterminé S’agissant du revenu d’agriculture ou de pêche déterminé d’une société donnée pour une année d’imposition, le revenu de la société donnée (sauf un montant inclus dans son revenu en application du paragraphe 135(7)) si, à la fois : a) le revenu est tiré de la vente à une autre société de produits de l’agriculture ou de la pêche provenant de son entreprise agricole ou de pêche; (b) an amount that the Minister determines to be reasonable in the circumstances; (revenu de société déterminé) (b) the particular corporation deals at arm’s length with the other corporation; (revenu d’agriculture ou de pêche déterminé) (K/L) × M – T b) la société donnée n’a aucun lien de dépendance avec l’autre société. (specified farming or fishing income) revenu de la société pour l’année provenant d’une entreprise exploitée activement Le total des montants suivants : a) le revenu de la société pour l’année provenant d’une entreprise qu’elle exploite activement, y compris le revenu pour l’année si ce rapporter directement ou accessoirement à cette entreprise, mais à l’exclusion du revenu, au sens du paragraphe 129(4), pour l’année tiré d’une source au Canada qui est un bien; b) le montant inclus en application du paragraphe 12(10.2) dans le calcul du revenu de la société pour l’année. (income of the corporation for the year from an active business) revenu de placement total ajusté Quant à une société (sauf une société qui est réputée ne pas être une société privée en vertu des paragraphes 136(1) ou 137(7) ou de l’article 141.1) pour une année d’imposition, le montant qui serait le revenu de placement total (au sens du paragraphe 129(4)) de la société pour l’année, si à la fois : a) l’alinéa a) de cette définition avait le libellé suivant : a) l’excédent éventuel de la fraction admissible visée au sous-alinéa (i) sur celle visée au sous-alinéa (ii) : (i) la fraction admissible des gains en capital imposables (autres que les gains en capital imposables provenant de la disposition d’un bien qui est, au moment de sa disposition, un bien actif de la société) pour l’année, (ii) la fraction admissible des pertes en capital déductibles (autres que les pertes en capital déductibles provenant de la disposition d’un bien qui est, au moment de sa disposition, un bien actif de la société) pour l’année; b) le sous-alinéa b)(iii) de cette définition avait le libellé suivant : (iii) un dividende d’une société rattachée (au sens du paragraphe 186(4)) à la société selon l’hypothèse que la société est à ce moment une société privée visée à ce paragraphe, c) les alinéas a) et b) de cette définition de perte et de revenu au paragraphe 129(4) avaient respectivement les libellés suivants : where (Q/R) × S where T is the total of all amounts each of which is an amount, if any, that the person assigns under subsection (8); (plafond des affaires de société de personnes déterminé) A + B where G - H where a) comprend la perte provenant d’une entreprise de placement déterminée qu’elle exploite; a) comprend à la fois : (i) le revenu tiré d’une entreprise de placement déterminée qu’elle exploite, (ii) les montants relatifs à une police d’assurance-vie qui sont inclus dans le calcul du revenu de la société pour l’année dans la mesure où ils ne sont pas autrement inclus dans le calcul du revenu de toute entreprise de la société; d) aucun montant n’était déduit par la société en vertu du paragraphe 91(4) dans le calcul de son revenu pour l’année. (adjusted aggregate investment income) revenu de société coopérative déterminé [Abrogée, 2019, ch. 29, art. 22] revenu de société de personnes déterminé S’agissant du revenu de société de personnes déterminé d’une société pour une année d’imposition, le montant calculé selon la formule suivante : A + B où : A représente le total des sommes dont chacune est un montant relatif à une société de personnes dont la société était un associé ou associé désigné au cours de l’année et égal au moins élevé des montants suivants : a) le total des sommes dont chacune représente un montant relatif à une entreprise que la société exploitait activement au Canada comme associé ou associé désigné de la société de personnes, égal au résultat du calcul suivant : G - H où : G représente le total des sommes représentant chacune l’un des montants suivants : (i) la part qui revient à la société du revenu de la société de personnes, déterminé conformément à la sous-section J de la section B, pour un exercice de l’entreprise qui se termine dans l’année, (ii) un montant de revenu de la société pour l’année provenant de la fourniture (directe ou indirecte, que ce soit individuellement ou en collaboration avec d’autres personnes) de biens ou de services à la société de personnes, (b) an amount equal to (c) nil, if (iii) un montant inclus, par l’effet de l’un des paragraphes 34.2(2), (3) et (12), dans le revenu de la société pour l’année relativement à l’entreprise, H le total des sommes déduites dans le calcul du revenu de la société pour l’année tiré de l’entreprise (sauf les sommes déduites dans le calcul du revenu de la société de personnes tiré de l’entreprise ou du revenu de la société visé au sous-alinéa (ii) de l’élément G) ou en raison de l’entreprise en vertu des paragraphes 34.2(4) ou (11), b) une somme égale, selon le cas : (i) si la société est associée de la société de personnes, sa limite des affaires de société de personnes déterminée pour l’année, (ii) si la société était un associé désigné de la société de personnes, le total des sommes qui lui ont été attribuées en vertu du paragraphe (8) pour l’année ou, en l’absence de telles sommes, zéro, c) zéro, si, à la fois : (i) la société est un associé ou associé désigné de la société de personnes (y compris indirectement, par l’entremise d’au moins une autre société de personnes) au cours de l’année, (ii) la société de personnes fournit des biens ou services : (A) soit à une société privée (directement ou indirectement, de quelque manière que ce soit) au cours de l’année et que les énoncés ci-après se vérifient : (I) la société en cause (ou l’un de ses actionnaires) ou une personne qui a un lien de dépendance avec elle (ou avec l’un de ses actionnaires) détient une participation directe ou indirecte dans la société privée, (II) il ne s’avère pas que la totalité ou la presque totalité du revenu de la société de personnes pour l’année provient d’une entreprise exploitée activement provenant de la fourniture de biens ou services : 1 soit à des personnes (autres que la société privée) qui n’ont aucun lien de dépendance avec la société de personnes et chaque personne qui détient une participation directe ou indirecte dans celle-ci, (a) the total of the amounts determined in respect of the corporation for the year under subparagraphs 125(1)(a)(iii) and 125(1)(a)(iv), and N - O where 2 soit à des sociétés de personnes avec lesquelles la société de personnes n’a aucun lien de dépendance, sauf une société de personnes dans laquelle une personne qui a un lien de dépendance avec la société en cause détient une participation directe ou indirecte, (B) soit à une société de personnes donnée (directement ou indirectement, de quelque manière que ce soit) au cours de l’année et que les énoncés ci-après se vérifient : (I) la société en cause (ou l’un de ses actionnaires) a un lien de dépendance avec la société de personnes donnée ou une personne qui détient une participation directe ou indirecte dans la société de personnes donnée, (II) il ne s’avère pas que la totalité ou substantiellement la totalité du revenu de la société de personnes pour l’année provenant d’une entreprise exploitée activement provient de la fourniture de biens ou services : 1 à des personnes qui n’ont aucun lien de dépendance avec la société de personnes et chaque personne qui détient une participation directe ou indirecte dans celle-ci, 2 soit à des sociétés de personnes (à l’exception de la société de personnes donnée) avec lesquelles la société de personnes n’a aucun lien de dépendance, sauf une société de personnes dans laquelle une personne qui a un lien de dépendance avec la société en cause détient une participation directe ou indirecte, B le moins élevé des montants suivants : a) le total des pertes déterminées à l’égard de la société pour l’année, en vertu des sous-alinéas (1)a)(iii) et (iv); b) le total des sommes dont chacune est un montant relatif à une société de personnes dont la société était un associé ou associé désigné au cours de l’année et égal au montant calculé selon la formule suivante : N - O où : N représente le montant déterminé à l’égard de la société de personnes pour l’année en vertu de l’alinéa a) de l’élément A, A + B where G - H where Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION B Rules Applicable to Corporations
Assignment — specified partnership business limit Impôt sur le revenu
société privée sous contrôle canadien Société privée qui est une société canadienne, à l’exception des sociétés suivantes : a) la société contrôlée, directement ou indirectement, de quelque manière que ce soit, par une ou plusieurs personnes non-résidentes, par une ou plusieurs sociétés publiques (sauf une société à capital de risque visée par règlement), par une ou plusieurs sociétés visées à l’alinéa c) ou par une combinaison de ces personnes ou sociétés; b) si chaque action du capital-actions d’une société appartenant à une personne non-résidente, à une société publique (sauf une société à capital de risque visée par règlement) ou à une société visée à l’alinéa c) appartient à une personne déterminée, la société serait contrôlée par cette dernière; c) la société dont une catégorie d’actions du capital-actions est cotée à une bourse de valeurs désignée; d) pour l’application du paragraphe (1), des alinéas 87(2)(vv) et ww) (compte tenu de l’exception apportée à ces alinéas par l’effet de l’alinéa 88(1)(e.2)), du calcul du revenu fractionné désigné au compte de revenu aux fins du paragraphe 89(1) et des paragraphes 89(4) à (6) et 89(10) et 249(3.1), la société qui a fait le choix prévu au paragraphe 89(11) et qui ne l’a pas révoqué selon le paragraphe 89(12). (Canadian-controlled private corporation) Computational rule — specified corporate income (i) referred to in any of clauses (1)(a)(i)(A) to (C), c) un formulaire prescrit est présenté au ministre, à la fois : (i) par l’associé désigné dans sa déclaration de revenu pour son année d’imposition en cause, (iii) par la personne dans sa déclaration de revenu pour son année d’imposition en cause. Anti-évitement
Si une société fournit des biens ou services à une personne ou société de personnes qui détient une participation directe ou indirecte dans une société de personnes ou une société donnée et que l’un des motifs de la fourniture des biens ou services à la personne ou société de personnes, plutôt qu’à la société de personnes ou société donnée, est d’éviter l’application des sous-alinéas (1)a)(ii) ou (ii.1) relativement au revenu provenant de la fourniture des biens ou services, aucune somme relative au revenu de la société provenant de la fourniture des biens ou services n’est à inclure dans le montant déterminé en application de l’alinéa (1)a). Règle de calcul — revenu de société déterminé
Afin de déterminer un montant pour une année d’imposition relativement à une société en vertu de la division (1)a)(i)(B) ou du sous-alinéa (1)a)(ii.1), un montant de revenu est exclu si le montant est le suivant : a) est un revenu pour l’année que la société tire d’une entreprise qu’elle exploite activement provenant de la fourniture de biens ou services à une autre société à laquelle la société est associée (appelée société associée au présent paragraphe); b) n’est pas déductible par la société associée pour son année d’imposition relativement à une somme incluse dans son revenu : (i) soit qui est mentionnée aux divisions (1)a)(i)(A) à (C), (ii) soit qu’il est raisonnable de considérer comme étant imputable à une somme mentionnée à la division (1)a)(i)(C) ou comme découlant d’une telle somme. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois modificatives appropriées et règlements pertinents.] Déductions pour bénéfices de fabrication et de transformation
A - B where vertu de la présente partie le produit du pourcentage de réduction du taux général (au sens du paragraphe 123.4(1)) qui lui est applicable pour l’année par le moins élevé des montants suivants : a) l’excédent éventuel des bénéfices de fabrication et de transformation au Canada réalisés par la société pour l’année sur, si la société est tout au long de l’année une société privée sous contrôle canadien, le moins élevé des montants déterminés aux alinéas 125(1)a) à c) en ce qui concerne la société pour l’année; b) l’excédent éventuel du revenu imposable de la société pour l’année sur le total des montants suivants : (i) le moins élevé des montants déterminés aux alinéas 125(1)a) à c) en ce qui concerne la société pour l’année, si la société est tout au long de l’année une société privée sous contrôle canadien, (ii) le résultat de la multiplication du total des sommes qui seraient déductibles, en application du paragraphe 126(2), de l’impôt payable par ailleurs par la société pour l’année en vertu de la présente partie si les sommes étaient déterminées sans tenir compte de l’article 123.4, par le facteur de référence pour l’année, (iii) le revenu de placement total, au sens du paragraphe 129(4), de la société pour l’année, si elle est une société privée sous contrôle canadien tout au long de l’année. Énergie électrique et vapeur
La société qui, au cours d’une année d’imposition, produit de l’énergie électrique, ou de la vapeur, en vue de sa vente peut déduire de son impôt payable par ailleurs en vertu de la présente partie pour l’année le produit du pourcentage de réduction du taux général (au sens du paragraphe 123.4(1)) qui lui est applicable pour l’année par le montant obtenu par la formule suivante : A - B où : A représente le montant éventuel qui correspondrait au moins élevé des montants suivants si n’était pas tenu compte de l’alinéa h) de la définition de fabrication ou transformation au paragraphe (3) ni de l’alinéa 1104(9)h) du Règlement de l’impôt sur le revenu (sauf pour l’application de l’article 5201 de ce règlement) et si le paragraphe (5) s’appliquait dans le cadre du paragraphe (1) : a) le montant déterminé selon l’alinéa (1)a) relativement à la société pour l’année; and Definitions (a) farming or fishing, (b) logging, (d) operating an oil or gas well or extracting petroleum or natural gas from a natural accumulation of petroleum or natural gas, (f) processing b) le montant déterminé selon l’alinéa (1)b) relativement à la société pour l’année; B le montant éventuel représentant le moins élevé des montants suivants : a) le montant déterminé selon l’alinéa (1)a) relativement à la société pour l’année; b) le montant déterminé selon l’alinéa (1)b) relativement à la société pour l’année. Définitions
Les définitions qui suivent s’appliquent au présent article. bénéfices de fabrication et de transformation au Canada En ce qui concerne une société pour une année d’imposition, la partie du total des montants représentant chacun le revenu que la société a tiré pour l’année d’une entreprise exploitée activement au Canada, déterminée selon des règles établies en vertu de règlements pris sur recommandation du ministre des Finances et qui doit s’appliquer à la fabrication ou à la transformation au Canada de marchandises destinées à la vente ou à la location. (Canadian manufacturing and processing profits) fabrication ou transformation Ne sont pas visés par ces termes : a) l’exploitation agricole ou la pêche; b) l’exploitation forestière; c) la construction; d) l’exploitation d’un puits de pétrole ou de gaz ou l’extraction de pétrole ou de gaz naturel d’un gisement naturel de pétrole ou de gaz naturel; e) l’extraction de minéraux d’une ressource minérale; f) la transformation des minerais suivants : (i) les minerais tirés de ressources minérales situées au Canada, à l’exclusion du minerai de fer et du minerai des sables asphaltiques, jusqu’à un stade ne dépassant pas celui du métal primaire ou son équivalent, (ii) le minerai de fer tiré de ressources minérales situées au Canada, jusqu’à un stade ne dépassant pas celui de la boulette ou son équivalent, (g) producing industrial minerals, (k) Canadian field processing, or Interpretation [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 125.1; 1994, c. 7, Sch. II, s. 10; Sch. VII, s. 6; 1996, c. 21, s. 27; 1997, c. 25, s. 33; 2000, c. 19, s. 34; 2001, c. 17, s. 114; 2006, c. 4, s. 14; 2013, c. 34, s. 263.
Definitions b) il doit être inclus dans le revenu brut de la société provenant, pour l’année, de toutes les activités visées aux sous-alinéas (i) et (ii) de la définition de fabrication ou transformation au paragraphe (3), le pourcentage du revenu brut provenant de chacune de ces activités exercées dans le cadre d’une entreprise exploitée au moyen de la société de personnes, pour l’exercice de la société de personnes qui coïncide avec cette année ou se termine au cours de celle-ci, que représente le rapport entre la part reçue de ce revenu tiré du revenu que la société de personnes tire de cette entreprise pour cet exercice et le revenu que la société de personnes tire de cette entreprise pour cet exercice. Présomptions
Pour l’application de l’élément A de la formule figurant au paragraphe (2) et pour l’application des dispositions du Règlement de l’impôt sur le revenu (sauf l’article 5201 de ce règlement) à ce paragraphe, les présomptions suivantes s’appliquent : a) l’énergie électrique et la vapeur sont réputées être des marchandises; b) la production d’énergie électrique, ou de vapeur, en vue de leur vente est réputée constituer, sous réserve de l’alinéa 1) de la définition de fabrication ou de transformation, sous réserve de l’alinéa 1) de la définition de fabrication ou transformation au paragraphe (3). [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] (5e suppl.), art. 125.1; 1994, ch. 7, ann. II, art. 10; ann. VII, art. 6; 1996, ch. 21, art. 27; 1997, ch. 25, art. 33; 2000, ch. 19, art. 34; 2001, ch. 17, art. 114; 2006, ch. 4, art. 14; 2013, ch. 34, art. 263.
[NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2003, ch. 28, art. 13. Définitions
bénéfices de fabrication de technologies à zéro émission En ce qui concerne une société pour une année d’imposition, la somme correspondant à la somme obtenue par la formule suivante : A × B × C où : A représente le revenu rajusté tiré d’une entreprise de la société pour l’année d’imposition; B la fraction obtenue par la formule suivante : D ÷ E A × B × C where D ÷ E where C is F ÷ G where (b) 1, in any other case. (bénéfices de fabrication de technologies à zéro émission) Zero-emission technology manufacturing (A × B) + (C × D) where A is D représente le total du coût en capital de FTZE et du coût en main-d’œuvre de FTZE de la société pour l’année d’imposition, E le total du coût en capital et du coût en main-d’œuvre de la société pour l’année d’imposition; C : a) si l’élément B correspond à au moins 0,9, la fraction obtenue par la formule suivante : F ÷ G où : F représente le montant déterminé pour l’élément E, G le montant déterminé pour l’élément D; b) 1, dans les autres cas. (zero-emission technology manufacturing profits) coût en capital En ce qui concerne une société pour une année d’imposition, s’entend au sens de la partie LII du Règlement de l’impôt sur le revenu. (cost of capital) coût en capital de FTZE En ce qui concerne une société pour une année d’imposition, s’entend au sens de la partie LII du Règlement de l’impôt sur le revenu. (ZETM cost of capital) coût en main-d’œuvre En ce qui concerne une société pour une année d’imposition, s’entend au sens de la partie LII du Règlement de l’impôt sur le revenu. (cost of labour) coût en main-d’œuvre de FTZE En ce qui concerne une société pour une année d’imposition, s’entend au sens de la partie LII du Règlement de l’impôt sur le revenu. (ZETM cost of labour) revenu rajusté d’une entreprise En ce qui concerne une société pour une année d’imposition, s’entend au sens de la partie LII du Règlement de l’impôt sur le revenu. (adjusted business income) Fabrication de technologies à zéro émission
Il peut être déduit de l’impôt payable par ailleurs d’une société pour une année d’imposition en vertu de la présente partie le montant déterminé par la formule suivante : (A × B) + (C × D) où : A représente : a) 0,075, si l’année d’imposition commence après 2021 et avant 2032, (d) 0.01875, if the taxation year begins after 2033 and before 2035, and (a) the corporation’s zero-emission technology manufacturing profits for the taxation year, C is (d) 0.01125, if the taxation year begins after 2033 and before 2035, and D is E - F where [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.]: R.S., 1985, c. 1 (5th Supp.), s. 125.2; 1994, c. 7, Sch. II, s. 102; S.C. 2018, c. 65, s. 21; s. 88; 2013, c. 34, s. 265; 2022, c. 10, s. 12; 2024, c. 16, s. 33. Part XIII tax — eligible bank affiliate exceeds D : a) si la société est tout au long de l’année une société privée sous contrôle canadien, le moins élevé des montants suivants : (i) le moins élevé des montants déterminés aux alinéas 125(1)a) à c) relativement à la société pour l’année d’imposition, (ii) la somme obtenue par la formule suivante : E - F où : E représente les bénéfices de fabrication de technologies à zéro émission réalisés par la société pour l’année d’imposition, F le montant déterminé à l’élément B; b) zéro, dans les autres cas. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.]: L.R. (1985), ch. 1 (5e suppl.), art. 125.2; 1994, ch. 7, ann. II, art. 102; 2018, ch. 65, art. 21; s. 88; 2013, ch. 34, art. 265; 2022, ch. 10, art. 12; 2024, ch. 16, art. 33. Impôt de la partie XIII — filiale bancaire admissible
a) une somme payée en vertu de l’alinéa 212(1)b) au titre d’intérêts payés ou crédités au cours de l’année par la société donnée relativement à un dépôt en amont, au sens du paragraphe 95(2.43), détenu par une société non-résidente qui est une filiale bancaire admissible, au sens de ce paragraphe, de la société donnée tout au long de l’année; b) le total des sommes dont chacune représente une partie de la somme visée à l’alinéa a) que la société non-résidente peut demander, à un moment donné, à titre de crédit, de réduction ou de déduction de toute somme payable par ailleurs au gouvernement d’un pays étranger ou de ses subdivisions politiques, compte tenu des dispositions applicables des lois de ce pays ou de cette subdivision, selon le cas, des traités fiscaux conclus avec ce pays et de tout autre accord conclu par ce pays ou cette subdivision. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.]: 2014, ch. 39, art. 40. exceeds Idem Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION B Rules Applicable to Corporations
exceeds (ii) the amount determined under subparagraph 125.3(3)(a)(i), and Impôt sur le revenu
n’est déductible en application du paragraphe (1) dans le calcul de son impôt payable en vertu de la présente partie pour une autre année d’imposition que dans la mesure où ce montant dépasse le total des montants dont chacun représente le montant déduit au titre de ce crédit dans le calcul de son impôt payable en vertu de la présente partie pour une année d’imposition antérieure à cette autre année. Acquisition de contrôle
En cas d’acquisition, à un moment donné, du contrôle d’une société par une personne ou un groupe de personnes, aucun montant au titre du crédit d’impôt de la partie I.3 inutilisé pour une année d’imposition se terminant avant ce moment n’est déductible par la société pour une année d’imposition se terminant après ce moment et aucun montant au titre du crédit d’impôt de la partie I.3 pour une année d’imposition se terminant après ce moment n’est déductible par la société pour une année d’imposition se terminant avant ce moment. Toutefois : a) dans le cas où la société exploitait une entreprise au cours d’une année d’imposition se terminant avant ce moment, elle peut déduire, pour une année d’imposition donnée se terminant après ce moment, le crédit d’impôt de la partie I.3 inutilisé pour cette année seulement si elle exploite cette entreprise après ce moment dans une attente raisonnable de profit tout au long de l’année donnée et seulement à concurrence du produit de la multiplication de sa surtaxe canadienne payable pour l’année donnée par le rapport entre : (i) l’excédent éventuel du total visé à la division (A) sur le total visé à la division (B) : (A) le total de son revenu pour l’année donnée provenant de cette entreprise et — dans le cas où des biens sont vendus, loués ou mis en valeur ou des services rendus dans le cadre de l’exploitation de cette entreprise avant ce moment — de son revenu pour cette année provenant de toute autre entreprise dont la presque totalité du revenu provient de la vente, de la location ou de la mise en valeur de biens semblables ou de la prestation de services semblables, (B) le total des montants dont chacun représente un montant qu’elle a déduit en application de l’alinéa 111(1)a) ou d) pour l’année donnée au titre d’une perte autre qu’une perte en capital ou au titre d’une perte agricole pour une autre année d’imposition relativement à cette entreprise ou à l’autre entreprise, et le plus élevé des montants suivants : Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION B Rules Applicable to Corporations
exceeds Definitions Impôt sur le revenu
(iii) l’excédent calculé au sous-alinéa (i), (iii) le revenu imposable de la société pour l’année donnée; b) dans le cas où la société exploite une entreprise tout au long d’une année d’imposition se terminant après ce moment, elle peut déduire, pour une année d’imposition donnée se terminant avant ce moment, son crédit d’impôt de la partie I.3 inutilisé pour cette année seulement si elle exploite cette entreprise à profit ou dans une attente raisonnable de profit au cours de l’année donnée et seulement à concurrence du produit de la multiplication de la surtaxe canadienne payable pour l’année donnée par la proportion entre : (i) l’excédent éventuel du total visé à la division (A) sur le total visé à la division (B): (A) le total de son revenu pour l’année donnée provenant de cette entreprise et — dans le cas où des biens sont vendus, loués ou mis en valeur ou des services rendus dans le cadre de l’exploitation de cette entreprise avant ce moment — de son revenu pour cette année provenant de toute autre entreprise dont la presque totalité du revenu provient de la vente, de la location ou de la mise en valeur de biens semblables ou de la prestation de services semblables, (B) le total des montants dont chacun représente un montant qu’elle a déduit en application de l’alinéa 111(1)a) ou d) pour l’année donnée au titre d’une perte autre qu’une perte en capital ou au titre d’une perte agricole pour une année d’imposition relativement à cette entreprise ou à l’autre entreprise, et le plus élevé des montants suivants : (ii) l’excédent calculé au sous-alinéa (i), (iii) le revenu imposable de la société pour l’année donnée. Définitions
Les définitions qui suivent s’appliquent au présent article. crédit d’impôt de la partie I.3 inutilisé Le montant suivant applicable à une société pour une année d’imposition : a) si l’année prend fin avant 1992, l’excédent éventuel de l’impôt payable par la société pour l’année en vertu Income Tax PART I Income Tax DIVISION D Computation of Tax SUBDIVISION B Rules Applicable to Corporations
(surtaxe canadienne payable) (b) where the year ends after 1991, the amount, if any, by which the corporation’s tax payable under Part I.3 for the year (determined without reference to subsection 181.1(4)) exceeds its Canadian surtax payable under this Part for the year. (crédit d’impôt de la partie I.3 inutilisé) Impôt sur le revenu
de la partie I.3 sur le montant déductible en application du paragraphe (1) dans le calcul de son impôt payable pour l’année en vertu de la présente partie; b) si l’année prend fin après 1991, l’excédent éventuel de l’impôt payable par la société pour l’année en vertu de la partie I.3, compte non tenu du paragraphe 181.1(4), sur sa surtaxe canadienne payable pour l’année en vertu de la présente partie. (unused Part I.3 tax credit) surtaxe canadienne payable S’agissant de la surtaxe canadienne payable par une société pour une année d’imposition, l’un des montants suivants : a) dans le cas d’une société qui est un non-résident tout au long de l’année, le moins élevé des montants suivants : (i) le montant calculé selon l’article 123.2 relativement à la société pour l’année, (ii) l’impôt payable par la société pour l’année en vertu de la présente partie; b) dans les autres cas, le moins élevé des montants suivants : (i) la proportion, déterminée par règlement, du montant calculé selon l’article 123.2 relativement à la société pour l’année, (ii) l’impôt payable par la société pour l’année en vertu de la présente partie. (Canadian surtax payable) [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R., 1985, ch. 1 (5e suppl.), art. 125.3; 1994, ch. 7, ann. VIII, art. 66; 2013, ch. 34, art. 266. Canadian Film or Video Production Tax Credit Definitions Crédit d’impôt pour production cinématographique ou magnétoscopique canadienne Définitions
certificat de production cinématographique ou magnétoscopique canadienne Certificat délivré par le ministre du Patrimoine canadien relativement à une production attestant qu’il s’agit d’une production cinématographique ou magnétoscopique canadienne relativement à laquelle ce ministre est convaincu que, sauf s’il s’agit d’une coproduction régie par un accord, au sens du paragraphe 1106(3) du Règlement de l’impôt sur le revenu, un tel accord est respecté pour l’exploitation de la production sur les marchés étrangers selon les modalités d’une convention; Income Tax PART I Income Tax DIVISION B Computation of Tax SUBDIVISION B Rules Applicable to Corporations
(ii) in circumstances where clause 12(1)(x)(i)(C) applies; and (b) subparagraphs 12(1)(x)(v) to (vii), in any other case. (montant d’aide) Canadian film or video production has the meaning assigned by regulation. (production cinématographique ou magnétoscopique canadienne) (c) any combination of corporations described in paragraph (a) or (b). (certificat de production cinématographique ou magnétoscopique canadienne) investor [Repealed, 2014, c. 39, s. 41] Impôt sur le revenu
a) une société admissible qui est ou était propriétaire d’un intérêt ou, pour l’application du droit civil, d’un droit sur la production; b) une société canadienne imposable visée par règlement qui est liée à la société admissible; c) toute combinaison de sociétés visées aux alinéas a) ou b). (Canadian film or video production certificate) début de la production En ce qui concerne une production cinématographique ou magnétoscopique canadienne, celui des moments ci-après qui est antérieur à l’autre : (i) le moment où débutent les principaux travaux de prise de vue relatifs à la production; (ii) celui des moments ci-après qui est postérieur aux autres : (A) le moment auquel une société admissible qui a un droit sur la production est liée, au sens du paragraphe 251(1), à une société qui est le premier propriétaire de ce droit, ou le moment auquel une société admissible conclut avec le premier propriétaire de ce droit une entente écrite en vue de l’acquisition de ce droit, (B) le moment auquel la société, ou la société mère, acquiert un bien sur lequel la production est basée, qui est une œuvre littéraire publiée, un scénario, un long métrage, une pièce de théâtre, une histoire vécue ou tout ou partie des textes de la production, (iii) deux ans avant la date où débutent les principaux travaux de prise de vue relatifs à la production. (production commencement time) dépense de main-d’œuvre En ce qui concerne une société qui est une société admissible pour une année d’imposition relativement à une production cinématographique ou magnétoscopique canadienne et sous réserve du paragraphe (2), le total des sommes ci-après, dans la mesure où elles sont raisonnables dans les circonstances et incluses dans le coût de la production ou, s’il s’agit d’un bien amortissable, dans son coût en capital, pour la société ou toute autre personne ou société de personnes : a) les traitements ou salaires directement attribuables à la production que la société a engagés après 1994 et (c) where au cours de l’année d’imposition ou de l’année d’imposition précédente relativement aux étapes de la production du bien, allant du début de la production jusqu’à la fin de l’étape de la postproduction, et qu’elle a versées au cours de l’année d’imposition ou dans les 60 jours suivant la fin de cette année, à l’exception des sommes engagées au cours de l’année d’imposition précédente qui ont été payées dans les 60 jours suivant la fin de cette année; b) la partie de la rémunération (sauf les traitements ou salaires et la rémunération qui se rapporte à des services rendus au cours de l’année d’imposition précédente et qui a été payée dans les 60 jours suivant la fin de cette année) qui est directement attribuable à la production du bien, qui se rapporte à des services rendus à la société après 1994 au cours de l’année d’imposition ou de cette année précédente relativement aux étapes de production, allant du début de la production jusqu’à la fin de l’étape de la postproduction, et que la société a versée au cours de l’année d’imposition ou dans les 60 jours suivant la fin de cette année : (i) soit à un particulier qui n’est pas un employé de la société, dans la mesure où le montant versé est, selon le cas : (A) attribuable à des services rendus personnellement par le particulier dans le cadre de la production du bien, (B) attribuable aux traitements ou salaires des employés du particulier pour les services qu’ils ont rendus personnellement dans le cadre de la production du bien, sans dépasser ces traitements ou salaires, (ii) soit à une autre société canadienne imposable, dans la mesure où le montant versé est attribuable aux traitements ou salaires des employés de cette société pour les services qu’ils ont rendus personnellement dans le cadre de la production du bien, sans dépasser ces traitements ou salaires, (iii) soit à une autre société canadienne imposable dont l’ensemble des actions du capital-actions émises et en circulation, exception faite des actions conférant l’admissibilité aux postes d’administrateurs, appartiennent à un particulier et dont les activités consistent principalement à fournir ses services de ce particulier, dans la mesure où le montant versé est attribuable à des services rendus personnellement par le particulier dans le cadre de la production du bien, (b) the latest of (iii) two years before the date on which principal photography of the production begins. (début de la production) (iv) soit à une société de personnes qui exploite une entreprise au Canada, dans la mesure où le montant versé est, selon le cas : (A) attribuable à des services rendus personnellement par un particulier qui est un associé de la société de personnes, dans le cadre de la production du bien, (B) attribuable aux traitements ou salaires des employés de la société de personnes pour les services qu’ils ont rendus personnellement dans le cadre de la production du bien, sans dépasser ces traitements ou salaires; c) lorsque la société est une filiale et parent d’une autre société canadienne imposable (appelée « société mère » au présent article) et a conclu une convention avec celle-ci pour que le présent alinéa s’applique au bien, le montant remboursé par la société au cours de l’année, ou dans les 60 jours suivant la fin de l’année, au titre d’une dépense que la société mère a engagée au cours d’une année d’imposition donnée de celle-ci relativement au bien et qui serait inclus dans la dépense de main-d’œuvre de la société relativement au bien pour l’année donnée par l’effet des alinéas a) ou b) si, à la fois : (i) la société avait eu une telle année donnée, (ii) la dépense avait été engagée par la société aux mêmes fins qu’elle l’a été par la société mère et avait été versée au même moment et à la même personne ou société de personnes qu’elle l’a été par la société mère. La dépense de main-d’œuvre d’une société qui n’est pas une société admissible pour l’année est nulle. (labour expenditure) dépense de main-d’œuvre admissible En ce qui concerne une société pour une année d’imposition relativement à une production cinématographique ou magnétoscopique canadienne, la moins élevée des sommes suivantes : a) l’excédent éventuel du total visé au sous-alinéa (ii) sur le total visé au sous-alinéa (i); b) le total des montants suivants : (A) la dépense de main-d’œuvre de la société pour l’année relativement au bien, (B) l’excédent du total des montants représentant chacun la dépense de main-d’œuvre de la société pour une année d’imposition antérieure (i) the total of exceeds A - B where investisseur [Abrogée, 2014, ch. 39, art. 41] montant d’aide Montant, sauf un montant prévu par règlement ou un montant réputé être un revenu au paragraphe (3), qui serait inclus, en application de l’alinéa 12(1)x), dans le calcul du revenu d’un contribuable pour relativement au bien sur le total des montants représentant chacun une dépense de main-d’œuvre admissible de la société relativement au bien pour une année d’imposition antérieure avant la fin de laquelle les principaux travaux de prise de vue ou d’enregistrement du bien ont commencé, (ii) dans le cas où la société est une société mère, le total des montants représentant chacun un montant qui est l’objet d’une convention, visée à l’alinéa c) de la définition de dépense de main-d’œuvre, conclue relativement au bien entre la société et sa filiale à cent pour cent; b) le résultat du calcul suivant : A - B où : A représente 60 % de l’excédent du total visé au sous-alinéa (i) sur celui visé au sous-alinéa (ii) : (i) le total des montants représentant chacun une dépense engagée par la société relativement à la production qui est inclus dans le coût à la société ou, dans le cas d’un bien amortissable, dans son coût en capital, pour la société ou pour toute autre personne ou société de personnes à la fin de l’année, (ii) le total des montants représentant chacun un montant d’aide relatif au coût visé au sous-alinéa (i) que la société ou une autre personne ou société de personnes a reçu, est en droit de recevoir ou peut vraisemblablement s’attendre à recevoir au moment de la production de sa déclaration de revenu pour l’année, qui n’a pas été remboursé avant ce moment en exécution d’une obligation légale de le faire et qui n’est pas par ailleurs appliqué en réduction de ce coût, B le total des montants représentant chacun la dépense de main-d’œuvre admissible de la société relativement au bien pour une année d’imposition antérieure avant la fin de laquelle les principaux travaux de prise de vue ou d’enregistrement du bien ont commencé. (qualified labour expenditure) Income Tax PART I Income Tax DIVISION B Computation of Tax SUBDIVISION B Rules Applicable to Corporations
respect of the production for a preceding taxation year before the end of which the principal filming or taping of the production began. (dépense de main-d’œuvre admissible) COVID-19 — production commencement time Impôt sur le revenu
une année d’imposition s’il n’était pas tenu compte des dispositions suivantes : a) les sous-alinéas 12(1)x)(v) à (viii), si le montant est reçu : (i) soit d’une personne ou d’une société de personnes visée au sous-alinéa 12(1)x)(i), (ii) soit dans les circonstances visées à la division 12(1)x)(i)(C); b) les sous-alinéas 12(1)x)(v) à (vii), dans les autres cas. (assistance) production cinématographique ou magnétoscopique canadienne S’entend au sens du Règlement de l’impôt sur le revenu. (Canadian film or video production) société admissible Société qui, tout au long d’une année d’imposition, est une société canadienne imposable visée au règlement dont les activités au cours de l’année consistent principalement à exploiter, par l’entremise d’un établissement stable au Canada, au sens du Règlement de l’impôt sur le revenu, une entreprise qui est une production cinématographique ou magnétoscopique canadienne. (qualified corporation) texte Toute matière écrite décrivant le récit sur lequel la production est basée. Il est entendu que les versions préliminaires, les idées originales, les synopsis-adaptations, les narrations, les concepts de production télévisuelle, les scène-à-scène, les sommaires, les synopsis et les traitements en font partie. (script material) traitement ou salaire Sont exclus : a) les sommes visées à l’article 7; b) les sommes déterminées en fonction des bénéfices ou des recettes; c) les sommes payées à une personne au titre de services qu’elle a rendus à un moment où elle était non-résident, sauf si cette personne était un citoyen canadien à ce moment. (salary or wages) COVID-19 — début de la production (1.1) La mention de « deux ans » au sous-alinéa b)(iii) de la définition de début de la production au paragraphe (1) vaut mention de « trois ans » relativement aux productions cinématographiques ou magnétoscopiques pour lesquelles la dépense de main-d’œuvre de la société relativement à la production pour une année d’imposition se terminant en 2020 et 2021 était supérieure à zéro.
Where Règles concernant la dépense de main-d’œuvre d’une société
Les règles ci-après s’appliquent aux définitions de dépense de main-d’œuvre et dépense de main-d’œuvre admissible au paragraphe (1) : a) est exclue de la rémunération : (i) celle qui est déterminée en fonction des bénéfices ou des recettes, (ii) celle qui se rapporte à des services rendus par une personne à un moment où elle était non-résident, sauf s’il s’agit d’une personne qui était un citoyen canadien à ce moment; b) les services visés à l’alinéa b) de cette définition qui se rapportent à l’étape de la postproduction de bien ne comprennent que les services qui ne sont rendus à cette étape que par une personne qui occupe la fonction d’assistant-bruiteur, d’assistant-coloriste, d’assistant-monteur principal, de bruiteur, de cameraman d’animation, de chef de la postproduction, de coloriste, d’étalonneur, d’infographiste, de mixeur, de monteur principal, de technicien à l’inspection et au nettoyage, de préposé au tirage, de projectionniste, de technicien à l’encodage, de technicien à l’enregistrement, de technicien au repiquage, de technicien en préparation de trucages optiques, de technicien en magnétoscopie, de technicien en sous-titrage ou de vidéographe ou la personne qui occupe une fonction visée par règlement; c) la définition ne s’applique pas aux montants auxquels s’applique l’article 37; d) toute dépense engagée par une société admissible (appelée « coproducteur » au présent alinéa) dans le cadre d’une production cinématographique ou magnétoscopique pour des marchandises ou des services qui sont fournis ou rendus relativement à la production par une autre société admissible n’est pas une dépense de main-d’œuvre pour le coproducteur et, pour ce qui est de l’application du présent article à son égard, n’est pas un coût ni un coût en capital de la production. Crédit d’impôt
La société qui est une société admissible pour une année d’imposition est réputée avoir payé, à la date d’échéance du solde qui lui est applicable pour l’année, un montant au titre de son impôt payable pour l’année en vertu de la présente partie égal à 25 % de sa dépense de main-d’œuvre admissible pour l’année relativement à (ii) a prescribed form containing prescribed information, and Exception (i) revoke the certificate, or Income Tax PART I Income Tax DIVISION D Computation of Tax SUBDIVISION B Rules Applicable to Corporations
Guidelines (NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.) 1986, c. 21, s. 28; 1997, c. 25, s. 34; 1999, c. 22, s. 46; 2001, c. 17, s. 115; 2014, c. 39, s. 49; 2022, c. 10, s. 13. Film or Video Production Services Tax Credit Definitions Impôt sur le revenu
des productions faisant partie d’une série télévisuelle à épisodes qui se rapportent à un épisode de la série relativement auquel un certificat a été révoqué ne sont pas attribuables à une production cinématographique ou magnétoscopique canadienne; c) pour l’application du sous-alinéa (3)a)(i), le certificat révoqué est réputé ne jamais avoir été délivré. Lignes directrices
Le ministre du Patrimoine canadien publie des lignes directrices sur les circonstances dans lesquelles les conditions énoncées dans la définition de certificat de production cinématographique ou magnétoscopique canadien au paragraphe (1) sont remplies. Il est entendu que ces lignes directrices ne sont pas des règlements au sens de la Loi sur les textes réglementaires. (NOTE : Les dispositions d’application ne sont pas incluses dans le présent codifié; voir la liste des règlements modificatifs appropriés.) 1986, ch. 21, art. 28; 1997, ch. 25, art. 34; 1999, ch. 22, art. 46; 2001, ch. 17, art. 115; 2014, ch. 39, art. 49; 2022, ch. 10, art. 13. Crédit d’impôt pour services de production cinématographique ou magnétoscopique Définitions
certificat de production cinématographique ou magnétoscopique agréé Quant à une production cinématographique ou magnétoscopique, certificat délivré par le ministre du Patrimoine canadien attestant que la production est une production agréée. (accredited film or video production certificate) dépense de main-d’œuvre admissible au Canada Quant à une société pour une année d’imposition relativement à une production agréée, l’excédent éventuel du montant suivant : a) le total des montants représentant chacun la dépense de main-d’œuvre au Canada de la société pour l’année ou pour une année d’imposition antérieure, sur le total des montants suivants : b) le total des montants représentant chacun un montant d’aide qu’il est raisonnable de considérer comme se rapportant à des montants inclus dans le total déterminé selon l’alinéa a) relativement à la société pour l’année, de la société ou une autre personne ou société de personnes, en droit de recevoir ou probablement s’attendre à recevoir à un moment de la période de la déclaration de revenu de la société pour l’année, qui n’a pas été remboursé avant ce Income Tax PART I Income Tax DIVISION B Computation of Tax SUBDIVISION B Rules Applicable to Corporations
Impôt sur le revenu
a) les traitements ou salaires directement attribuables à la production que la société a engagés après octobre 1997 et au cours de l’année ou de l’année d’imposition précédente et qui se rapportent à des services rendus au Canada relativement aux étapes de production de la production, depuis l’étape du scénario final jusqu’à la fin de l’étape de la postproduction, et qu’elle a versés au cours de l’année ou dans les 60 jours suivant la fin de l’année à ses employés qui résidaient au Canada au moment des paiements (à l’exception des montants engagés au cours de cette année précédente qui ont été payés dans les 60 jours suivant la fin de cette année); b) la partie de la rémunération (sauf les traitements et salaires et la rémunération qui se rapporte à des services rendus au cours de l’année d’imposition précédente et qui a été payée dans les 60 jours suivant la fin de cette année) qui est directement attribuable à la production, qui se rapporte à des services rendus au Canada après octobre 1997 et au cours de l’année ou de cette année précédente relativement aux étapes de production de la production, depuis l’étape du scénario version finale jusqu’à la fin de l’étape de la postproduction, et que la société a versée au cours de l’année ou dans les 60 jours suivant la fin de l’année à une personne ou une société de personnes qui exploite moment en exécution d’une obligation légale de ce faire et qui n’est pas par ailleurs appliqué en réduction de cette dépense; c) le total des montants représentant chacun une dépense de main-d’œuvre admissible au Canada de la société relativement à la production agréée pour une année d’imposition antérieure avant la fin de laquelle les principaux travaux de prise de vue ou d’enregistrement de la production ont commencé; d) dans le cas où la société est une société mère, le total des montants représentant chacun un montant qui est inclus dans le total déterminé selon l’alinéa a) relativement à la société pour l’année et qui est l’objet d’une convention, visée à l’alinéa c) de la définition de dépense de main-d’œuvre au Canada, relativement à la production agréée entre la société et sa filiale à cent pour cent. (qualified Canadian labour expenditure) dépense de main-d’œuvre au Canada Quant à une société qui est une société de production admissible pour une année d’imposition donnée relativement à une production agréée, le total des montants représentant chacun une dépense de main-d’œuvre admissible au Canada de la société pour l’année relativement à la production agréée, sauf si le montant est inclus dans le total déterminé selon l’alinéa c) relativement à la société pour l’année et que la production est une production agréée entre la société et sa filiale à cent pour cent. (c) where une entreprise au Canada par l’entremise d’un établissement stable au sens du Règlement de l’impôt sur le revenu et qui est : (i) soit un particulier résident au Canada au moment du versement du montant et qui n’est pas un employé de la société, dans la mesure où le montant versé est, selon le cas : (A) attribuable à des services rendus personnellement par le particulier au Canada relativement à la production agréée, (B) attribuable aux traitements ou salaires versés par le particulier à ses employés à un moment où ils résidaient au Canada pour les services qu’ils ont rendus personnellement au Canada relativement à la production agréée, sans dépasser ces traitements ou salaires, (ii) soit une autre société qui est une société canadienne imposable, dans la mesure où le montant versé est attribuable aux traitements ou salaires versés par cette société à ses employés à un moment où ils résidaient au Canada pour les services qu’ils ont rendus personnellement au Canada relativement à la production agréée, sans dépasser ces traitements ou salaires, (iii) soit une société de personnes, dans la mesure où le montant versé est, selon le cas : (A) attribuable à des services rendus personnellement par un particulier résident au Canada qui est un associé de la société de personnes, relativement à la production agréée, (B) attribuable aux traitements ou salaires versés par la société de personnes à ses employés à un moment où ils résidaient au Canada pour les services rendus personnellement au Canada relativement à la production agréée, sans dépasser ces traitements ou salaires; Income Tax PART I Income Tax DIVISION B Computation of Tax SUBDIVISION B Rules Applicable to Corporations
(e) prescribed to be a labour-sponsored venture capital corporation for the purpose of section 127.4. (société de production admissible) Impôt sur le revenu
c) dans le cas où la société est une filiale et pour cent d’une autre société qui est une société canadienne imposable (appelée « société mère » au présent article) et a conclu avec celle-ci un convention qu’elle présente au ministre prévoyant que le présent alinéa s’applique à la production, le montant remboursé par la société au cours de l’année, ou dans les 60 jours suivant la fin de l’année, au titre d’une dépense que la société mère a engagée au cours d’une année d’imposition donnée de celle-ci relativement à la production et qui serait incluse dans la dépense de main-d’œuvre au Canada de la société relativement à la production pour l’année donnée par l’effet des alinéas a) ou b), si, à la fois : (i) la société avait eu une telle année donnée, (ii) la dépense avait été engagée par la société aux mêmes fins qu’elle l’a été par la société mère et avait été versée au même moment et à la même personne ou société, ou relativement à la même personne ou société mère. La dépense de main-d’œuvre d’une société qui n’est pas une société mère admissible pour l’année est nulle. (Canadian labour expenditure) montant d’aide Montant, sauf un montant réputé payé par le paragraphe (3), qui serait inclus en application de l’alinéa 12(1)x) dans le calcul du revenu d’un contribuable pour une année d’imposition, comme non tenu des sous-alinéas 12(1)x)(v) à (vii). (assistance) production agréée s’entend au sens du Règlement de l’impôt sur le revenu. (accredited production) société de production admissible Quant à une production agréée pour une année d’imposition, société dont les activités au cours de l’année au Canada consistent principalement à exploiter, par l’entremise d’un établissement stable au Canada, au sens du Règlement de l’impôt sur le revenu, une entreprise de production cinématographique ou magnétoscopique ou magnétoscopique et qui, selon le cas : a) est propriétaire des droits d’auteur sur la production agréée tout au long de la période au cours de laquelle la production est produite au Canada, b) a conclu, directement avec le propriétaire des droits d’auteur sur la production agréée, un contrat en vue de la prestation de services de production relativement à la production, dans le cas où le propriétaire des droits d’auteur n’est pas une société de production admissible relativement à la production. Income Tax PART I Income Tax DIVISION B Computation of Tax SUBDIVISION B Rules Applicable to Corporations
expenditure between the corporation and its subsidiary wholly-owned corporation. (dépense de main-d’œuvre admissible au Canada) Impôt sur le revenu
N’est pas une société de production admissible la société qui est, à un moment de l’année : a) soit une personne dont le revenu imposable est exonéré, en tout ou en partie, de l’impôt prévu par la présente partie; b) soit contrôlée directement ou indirectement, de quelque manière que ce soit, par une ou plusieurs personnes dont le revenu imposable est exonéré, en tout ou en partie, de l’impôt prévu par la présente partie; c) soit une société à capital de risque de travailleurs visée par règlement pour l’application de l’article 127.4. (eligible production corporation) traitement ou salaire En sont exclus les montants visés à l’article 7 et les montants déterminés en fonction des bénéfices ou des recettes. (salary or wages) Règles concernant la dépense de main-d’œuvre au Canada d’une société
Les règles suivantes s’appliquent dans le cadre de la définition de dépense de main-d’œuvre au Canada au paragraphe (1) : a) est exclue de la rémunération celle qui est déterminée en fonction des bénéfices ou des recettes; b) les services visés à l’alinéa b) de cette définition qui se rapportent à l’étape de la postproduction de la production agréée ne comprennent que les services qui rendent à cette étape les personnes qui occupent la fonction d’assistant-bruiteur, d’assistant-coloriste, d’assistant-mixeur, d’assistant-monteur d’effets sonores, de perchiste, de coloriste, d’étalonneur, d’infographiste, de monteur, de technicien de développement, de directeur de la postproduction, de technicien de doublage, de technicien en encodage, de technicien en inspection — nettoyage, de mixeur, de monteur principal, de monteur sonore, de monteur vidéo, de preneur de son, de préposé au développement, de préposé à l’inspection et au nettoyage, de préposé au tirage, de projectionniste, de technicien à l’enregistrement, de technicien en sous-titrage, de technicien à l’encodage, de technicien en préparation de l’enregistrement, de technicien au repiquage, de technicien en magnétoscopie, de technicien en sous-titrage ou de vidéographe ou la personne qui occupe une fonction visée par règlement; c) cette définition ne s’applique pas au montant auquel s’applique l’article 37; d) il est entendu que cette définition ne s’applique pas aux montants qui ne sont pas des coûts de production, y compris les montants se rapportant à la publicité, au marketing, à la promotion ou aux études de marché et les montants se rapportant de quelque manière que ce soit à une autre production de film ou de vidéo. (i) a prescribed form containing prescribed information in respect of the production, Crédit d’impôt
La société de production admissible quant à une production agréée pour une année d’imposition est réputée avoir payé, à la date d’exigibilité du solde qui lui est applicable pour l’année, un montant au titre de son impôt payable pour l’année en vertu de la présente partie égal à 16 % de sa dépense de main-d’œuvre admissible au Canada pour l’année relativement à la production, si les conditions suivantes sont réunies : a) la société joint les documents suivants à la déclaration de revenu qu’elle produit pour l’année : (i) un formulaire prescrit contenant les renseignements prescrits relatifs à la production, (ii) le certificat de production cinématographique ou magnétoscopique agréée délivré relativement à la production, (iii) tout autre document prescrit relativement à la production; b) les principaux travaux de prise de vue ou d’enregistrement de la production ont commencé avant la fin de l’année. Exception
Le paragraphe (3) ne s’applique pas à la production relativement à laquelle un montant est réputé avoir été payé par l’effet du paragraphe 125.4(3). Moment de la réception d’un montant d’aide
Pour l’application de la présente loi, à l’exception du présent article, il est entendu que le montant qu’une société est réputée, par le paragraphe (3), avoir payé pour une année d’imposition est un montant d’aide qu’elle a reçu d’un gouvernement immédiatement avant la fin de l’année. Révocation d’un certificat
Le ministre du Patrimoine canadien peut révoquer un certificat de production cinématographique ou magnétoscopique agréée relativement à une production agréée si l’un des faits suivants se vérifie : a) une omission ou un énoncé inexact a été fait en vue d’obtenir le certificat; b) la production n’est pas une production agréée. Definitions (ii) in circumstances where clause 12(1)(x)(i)(C) applies; and (b) subparagraphs 12(1)(x)(v) to (vii), in any other case. (montant d’aide) (e) meets any prescribed conditions. (employé de salle de presse admissible) $55,000 × A ÷ 365 where A – B where C × D ÷ E where F × G ÷ H where B la somme obtenue par la formule suivante : F × G ÷ H où : F représente le total des montants dont chacun représente un montant d’aide : (A) d’une part, que le contribuable a reçu, est en droit de recevoir ou peut raisonnablement s’attendre à recevoir, relativement au montant visé à l’élément C, (B) d’autre part, qui n’a pas été remboursé avant la fin de l’année en exécution d’une obligation légale de le faire, G le nombre de jours de l’année d’imposition qui sont postérieurs à 2022 au cours desquels le contribuable est une organisation journalistique admissible, H le nombre de jours de l’année d’imposition au cours desquels le contribuable est une organisation journalistique admissible; b) qui commence après 2022, la moins élevée des sommes suivantes : (i) la somme obtenue par la formule suivante : 85 000 $ × A ÷ 365 où : A représente 365 ou, s’il est moins élevé, le nombre de jours de l’année d’imposition au cours desquels le contribuable est une organisation journalistique admissible, (ii) le résultat du calcul suivant : A – B où : A représente le traitement ou salaire payable par le contribuable à l’employé de salle de presse admissible relativement à la partie de l’année d’imposition tout au long de laquelle le contribuable est une organisation journalistique admissible, B le total des montants dont chacun représente un montant d’aide : (A) d’une part, que le contribuable a reçu, est en droit de recevoir ou peut raisonnablement s’attendre à recevoir, relativement au montant visé à l’élément A, journalism organization. (seuil inférieur de dépense de main-d’œuvre admissible) (b) if it is a corporation having share capital, it meets the conditions in subparagraph (c)(iii) of the definition Canadian newspaper in subsection 19(5). (organisation journalistique admissible) (c) [Repealed, 2021, c. 23, s. 23] (d) [Repealed, 2021, c. 23, s. 23] $85,000 × A ÷ 365 where A − B where C × D ÷ E where (B) d’autre part, qui n’a pas été remboursé avant la fin de l’année en exécution d’une obligation légale de ce faire. (qualifying labour expenditure) employé de salle de presse admissible Relativement à une organisation journalistique admissible pendant une année d’imposition, particulier qui : a) est employé par l’organisation pendant une année d’imposition; b) travaille, en moyenne, un minimum de 26 heures par semaine tout au long de la partie de l’année d’imposition pendant laquelle il est employé par l’organisation; c) à tout moment de l’année d’imposition, a été employé par l’organisation pendant une période minimale de 40 semaines consécutives qui comprend ce moment, ou il est raisonnable de s’attendre à ce qu’il le soit; d) consacre au moins 75 % de son temps à la production de contenu de nouvelles originales, notamment la vérification des faits, la photographie, la rédaction, la révision, la conception et toute autre préparation de contenu; e) satisfait à toute autre condition réglementaire. (eligible newsroom employee) montant d’aide Montant, sauf un montant reçu ou Aide aux éditeurs du Fonds du Canada pour les périodiques ou un montant réputé payé par le paragraphe (2), qui serait inclus en application de l’alinéa 12(1)x) dans le calcul du revenu d’un contribuable pour une année d’imposition, compte non tenu des dispositions suivantes : a) les sous-alinéas 12(1)x)(v) à (viii), si le montant a été reçu, selon le cas : (i) d’une personne ou d’une société de personnes visées au sous-alinéa 12(1)x)(ii), (ii) dans des circonstances où la division 12(1)x)(i)C) s’applique; b) les sous-alinéas 12(1)x)(i) à (vii), dans les autres cas. (assistance) organisation journalistique admissible À tout moment, organisation journalistique canadienne qualifiée qui satisfait aux conditions suivantes : F × G ÷ H where $85,000 × A ÷ 365 where A − B where a) elle n’est pas titulaire d’une licence, au sens du paragraphe 2(1) de la Loi sur la radiodiffusion; b) s’il s’agit d’une société qui a un capital-actions, elle satisfait aux conditions prévues au sous-alinéa a)(iii) de la définition de journal canadien au paragraphe 19(5). (qualifying journalism organization) c) [Abrogé, 2021, ch. 23, art. 23] d) [Abrogé, 2021, ch. 23, art. 23] seuil inférieur de dépense de main-d’œuvre admissible S’agissant de la dépense de main-d’œuvre admissible d’un contribuable pour une année d’imposition qui commence avant 2023 et se termine après 2022, relativement à une employée de salle de presse admissible, la moins élevée des sommes suivantes : a) la somme obtenue par la formule suivante : 55 000 $ × A ÷ 365 ou : A représente 365 ou, s’il est moins élevé, le nombre de jours de l’année d’imposition qui sont antérieurs à 2023 au cours desquels le contribuable est une organisation journalistique admissible, b) le résultat du calcul suivant : A − B où : A représente la somme obtenue par la formule suivante : C × D ÷ E où : C représente le traitement ou salaire payable par le contribuable à l’employé de salle de presse admissible relativement à la partie de l’année d’imposition tout au long de laquelle le contribuable est une organisation journalistique admissible, D le nombre de jours de l’année d’imposition qui sont antérieurs à 2023 au cours desquels le contribuable est une organisation journalistique admissible, E le nombre de jours de l’année d’imposition au cours desquels le contribuable est une organisation journalistique admissible, B la somme obtenue par la formule suivante : F × G ÷ H so. (dépense de main-d’œuvre admissible) où : F représente le total des montants dont chacun représente un montant d’aide : (i) d’une part, que le contribuable a reçu, est en droit de recevoir ou peut raisonnablement s’attendre à recevoir, relativement au montant visé à l’élément C, (ii) d’autre part, qui n’a pas été remboursé avant la fin de l’année en exécution d’une obligation légale de ce faire, G le nombre de jours de l’année d’imposition qui sont antérieurs à 2023 au cours desquels le contribuable est une organisation journalistique admissible, H le nombre de jours de l’année d’imposition au cours desquels le contribuable est une organisation journalistique admissible. (low threshold qualifying labour expenditure)
where
where Crédit d’impôt
Le contribuable (sauf une société de personnes) qui est une organisation journalistique admissible à un moment donné d’une année d’imposition et qui joint un formulaire prescrit contenant des renseignements prescrits à la déclaration de revenu qu’il produit pour l’année est réputé avoir payé, à la date d’exigibilité du solde qui est applicable pour l’année, un montant au titre de son impôt payable pour l’année en vertu de la présente partie : a) si l’année commence avant 2023 et se termine après 2022, la somme obtenue par la formule suivante : 0,25 × A + 0,35 × B − C où : A représente le total des montants représentant chacun un seuil inférieur de dépense de main-d’œuvre admissible de l’organisation journalistique admissible pour l’année relativement à un employé de salle de presse admissible, B le total des montants représentant chacun une dépense de main-d’œuvre admissible de l’organisation journalistique admissible pour l’année relativement à un employé de salle de presse admissible, C le montant reçu par le contribuable dans l’année du volet Aide aux éditeurs du Fonds du Canada pour les périodiques; Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION B Rules Applicable to Corporations
where D × E ÷ F where G × H ÷ I where (d) if the year begins after 2026, an amount determined by the formula
where b) si l’année commence après 2022 et se termine avant 2027, la somme obtenue par la formule suivante : 0,35 × A − B où : A représente le total des montants représentant chacun une dépense de main-d’œuvre admissible de l’organisation journalistique admissible pour l’année relativement à un employé de salle de presse admissible, B le montant reçu par le contribuable dans l’année du volet Aide aux éditeurs du Fonds du Canada pour les périodiques; c) si l’année commence avant 2027 et se termine après 2026, la somme obtenue par la formule suivante : 0,35 × A + 0,25 × B − C où : A représente la somme obtenue par la formule suivante : D × E ÷ F où : D représente le total des montants représentant chacun une dépense de main-d’œuvre admissible de l’organisation journalistique admissible pour l’année relativement à un employé de salle de presse admissible, E le nombre de jours de l’année d’imposition qui sont antérieurs à 2027 au cours desquels le contribuable est une organisation journalistique admissible, F le nombre de jours de l’année d’imposition au cours desquels le contribuable est une organisation journalistique admissible, B la somme obtenue par la formule suivante : G × H ÷ I où : G représente le total des montants représentant chacun une dépense de main-d’œuvre admissible de l’organisation journalistique admissible pour l’année relativement à un employé de salle de presse admissible, H le nombre de jours de l’année d’imposition qui sont postérieurs à 2026 au cours desquels le contribuable est une organisation journalistique admissible, A B (0.25 × A + 0.35 × B − C) × D + E where A B C I le nombre de jours de l’année d’imposition au cours desquels le contribuable est une organisation journalistique admissible, C le montant reçu par le contribuable dans l’année du volet Aide aux éditeurs du Fonds du Canada pour les périodiques; d) si l’année commence après 2026, la somme obtenue par la formule suivante : 0,25 × A − B où : A représente le total des montants représentant chacun une dépense de main-d’œuvre admissible de l’organisation journalistique admissible pour l’année relativement à un employé de salle de presse admissible, B le montant reçu par le contribuable dans l’année du volet Aide aux éditeurs du Fonds du Canada pour les périodiques. Société de personnes — crédit d’impôt (2.1) Si un contribuable (autre qu’une société de personnes) est un associé d’une société de personnes (autre qu’un associé déterminé de la société de personnes) à la fin d’un exercice de la société de personnes se terminant au cours d’une année d’imposition du contribuable, la société de personnes est une organisation journalistique admissible à un moment donné au cours de cet exercice et la société de personnes produit, sur le formulaire prescrit, une déclaration de renseignements contenant des renseignements prescrits pour cet exercice, le contribuable est réputé avoir, à la date d’exigibilité du solde qui lui est applicable pour l’année, à titre de son impôt payable en vertu de la présente partie pour l’année : a) si l’exercice commence avant 2023 et se termine après 2022, la somme obtenue par la formule suivante : (0,25 × A + 0,35 × B − C) × D + E où : A représente le total des montants représentant chacun un seuil inférieur de dépense de main-d’œuvre admissible de l’organisation journalistique admissible pour l’exercice relativement à un employé de salle de presse admissible, B le total des montants représentant chacun une dépense de main-d’œuvre admissible de l’organisation journalistique admissible pour l’exercice relativement à un employé de salle de presse admissible, D is the specified proportion of the taxpayer for the fiscal period, and E (0.35 × A – B) × C + D where A B C is the specified proportion of the taxpayer for the fiscal period, and D (0.35 × A + 0.25 × B – C) × D + E where A F × G ÷ H where F G H B I × J ÷ K where C le montant reçu par l’organisation journalistique admissible au cours de l’exercice du volet Aide aux éditeurs du Fonds du Canada pour les périodiques, D la proportion déterminée qui revient au contribuable pour l’exercice, E le total des proportions déterminées des associés de la société de personnes pour l’exercice, sauf les associés qui sont des sociétés de personnes ou des associés déterminés de la société de personnes; b) si l’exercice commence après 2022 et se termine avant 2027, la somme obtenue par la formule suivante : (0,35 × A – B) × C + D où : A représente le total des montants représentant chacun une dépense de main-d’œuvre admissible de l’organisation journalistique admissible pour l’exercice relativement à un employé de salle de presse admissible, B le montant reçu par l’organisation journalistique admissible au cours de l’exercice du volet Aide aux éditeurs du Fonds du Canada pour les périodiques, C la proportion déterminée qui revient au contribuable pour l’exercice, D le total des proportions déterminées des associés de la société de personnes pour l’exercice, sauf les associés qui sont des sociétés de personnes ou des associés déterminés de la société de personnes; c) si l’exercice commence avant 2027 et se termine après 2026, la somme obtenue par la formule suivante : (0,35 × A + 0,25 × B – C) × D + E où : A représente la somme obtenue par la formule suivante : F × G ÷ H où : F représente le total des montants représentant chacun une dépense de main-d’œuvre admissible de l’organisation journalistique admissible pour l’exercice relativement à un employé de salle de presse admissible, G le nombre de jours de l’exercice qui sont antérieurs à 2027 au cours desquels la société de I J K C D is the specified proportion of the taxpayer for the fiscal period, and E (d) if the fiscal period begins after 2026, an amount determined by the formula (0.25 × A − B) × C + D where A B C is the specified proportion of the taxpayer for the fiscal period, and D H le nombre de jours de l’exercice au cours desquels la société de personnes est une organisation journalistique admissible, B la somme obtenue par la formule suivante : I × J + K où : I représente le total des montants représentant chacun une dépense de main-d’œuvre admissible de l’organisation journalistique admissible pour l’exercice relativement à un employé de salle de presse admissible, J le nombre de jours de l’exercice postérieurs à 2026 au cours desquels la société de personnes est une organisation journalistique admissible, K le nombre de jours de l’exercice au cours desquels la société de personnes est une organisation journalistique admissible, C le montant reçu par l’organisation journalistique admissible au cours de l’exercice du volet Aide aux éditeurs du Fonds du Canada pour les périodiques, D la proportion déterminée qui revient au contribuable pour l’exercice, E le total des proportions déterminées des associés de la société de personnes pour l’exercice, sauf les associés qui sont des sociétés de personnes ou des associés déterminés de la société de personnes; d) si l’exercice commence après 2026, la somme obtenue par la formule suivante : (0,25 × A − B) × C + D où : A représente le total des montants représentant chacun une dépense de main-d’œuvre admissible de l’organisation journalistique admissible pour l’exercice relativement à un employé de salle de presse admissible, B le montant reçu par l’organisation journalistique admissible au cours de l’exercice du volet Aide aux éditeurs du Fonds du Canada pour les périodiques, C la proportion déterminée qui revient au contribuable pour l’exercice, D le total des proportions déterminées des associés de la société de personnes pour l’exercice, sauf les associés qui sont des sociétés de personnes ou des associés déterminés de la société de personnes. Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION B Rules Applicable to Corporations
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2019, c. 29, s. 323; 2021, c. 23, s. 83; 2024, c. 17, s. 33. Definitions (b) if the eligible entity elects, Impôt sur le revenu
Société de personnes — règle applicable (2.2) Pour l’application du présent article, un contribuable inclut une société de personnes. Moment de la réception d’un montant d’aide
Pour l’application de la présente loi, à l’exception du présent article, il est entendu que le montant qu’un contribuable est réputé, en application du paragraphe (2) ou (2.1), avoir payé pour une année d’imposition est un montant d’aide qu’il a reçu d’un gouvernement immédiatement avant la fin de l’année. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent code; voir les lois et règlements modificatifs appropriés.] 2019, ch. 29, art. 323; 2021, ch. 23, art. 83; 2024, ch. 17, art. 33. Définitions
bien admissible Relativement à un entité déterminée pour une période d’admissibilité, le bien admissible correspond à l’excédent du bien qui est détenu par une personne ayant un lien de dépendance avec l’entité déterminée, ou la partie d’un tel établissement, le fonds de terre sous-jacent à l’établissement domestique autonome ainsi que la partie du fonds de terre adjacent qu’il est raisonnable de considérer comme facilitant l’usage de celui-ci comme résidence) au Canada utilisé par l’entité dans le cours de ses activités normales. (qualifying property) dépenses de loyer admissibles Relativement à un bien admissible d’une entité déterminée pour une période d’admissibilité, correspond au résultat de la formule suivante : A – B où : A représente le moins élevé de 75 000 $ et du total des sommes payées en vertu d’une entente écrite conclue avant le 9 octobre 2020, ou suite au renouvellement (à des conditions sensiblement similaires) ou à la cession d’une entente écrite conclue avant le 9 octobre 2020, par l’entité déterminée à partir de laquelle elle a l’usage du bien admissible, représentant chacune, à l’égard de la période d’admissibilité, selon le cas : a) un loyer pour l’usage, ou pour le droit d’usage, du bien admissible : i) y compris : (d) for the eighth qualifying period, (A) le loyer brut, (B) le loyer basé sur un pourcentage de vente, de profit ou d’un critère semblable, (C) les montants à payer en vertu d’un bail à loyer net par l’entité déterminée au bailleur ou à un tiers, à titre de : (I) loyer minimum, (II) versements réguliers des frais de fonctionnement, comme les frais d’assurance, de services publics et d’entretien des aires communes, habituellement facturés au preneur en vertu d’un bail à loyer net, (III) impôts fonciers et taxes similaires, y compris les taxes scolaires et municipales, (IV) versements réguliers d’autres montants à payer au bailleur pour les services accessoires à la location de biens immeubles ou réels, qui sont habituellement fournis au preneur dans le cadre de la location de l’immeuble, (D) les sommes que le bailleur a reçues dans le cadre du programme d’Aide d’urgence du Canada pour le loyer commercial qui ont été appliquées au loyer à payer relativement à la période d’admissibilité, si ces sommes étaient autrement tenues d’être remboursées à l’entité déterminée, (iii) mais excluant : (A) les taxes de vente, (B) les sommes versées au titre de, ou en règlement total des, dommages, (C) les sommes versées au titre d’une garantie, d’une indemnité ou d’un engagement semblable, (D) les sommes découlant d’un défaut en vertu de l’entente par l’entité déterminée, (E) les intérêts et pénalités sur les sommes impayées, (F) les frais à payer pour les éléments distincts ou les services spéciaux, (G) les paiements de rajustement sur rapprochement; b) dans le cas d’un bien admissible dont l’entité déterminée est propriétaire qui n’est pas utilisé par celle-ci principalement pour gagner un revenu
where (h) for the eighteenth qualifying period,
where (i) for the nineteenth qualifying period,
where (j) for the twentieth qualifying period,
where de location ou, lorsque le bien admissible est utilisé principalement par l’entité déterminée pour gagner un revenu de location directement ou indirectement d’une personne ou d’une société de personnes ayant un lien de dépendance avec elle, qui n’est pas utilisé par cette personne ou cette société de personnes principalement pour gagner un revenu de location : (i) s’il y a un titre de créance garanti par une hypothèque sur le bien admissible, l’intérêt sur le titre dans la mesure où la créance ne dépasse pas la moindre des sommes suivantes : (A) le capital total le plus bas garanti par une ou plusieurs hypothèques (pourvu que l’hypothèque ait une période d’amortissement) sur le bien admissible à tout moment après son acquisition par l’entité déterminée, à l’exclusion de toute période transitoire s’étalant entre le moment de la mainlevée d’une hypothèque existante et l’inscription d’une nouvelle hypothèque lors d’une opération de refinancement), (B) le coût indiqué du bien admissible, (ii) les impôts fonciers et les taxes similaires sur le bien admissible, y compris les taxes scolaires et municipales; B le total des sommes représentant chacune un montant reçu ou à recevoir par l’entité déterminée à l’égard de la période d’admissibilité, directement ou indirectement, d’une partie avec laquelle l’entité n’a aucun lien de dépendance et qui est visée à l’alinéa a) de l’élément A. (qualifying rent expense) employé admissible Particulier qui est à l’emploi d’une entité déterminée, relativement à une semaine au cours d’une période d’admissibilité, principalement au Canada de manière continue durant la période d’admissibilité (ou de la partie de la période d’admissibilité pendant laquelle le particulier était employé de manière continue), à l’exception, si la période d’admissibilité est comprise entre la première et la quatrième période d’admissibilité, d’un particulier qui est sans rémunération de l’entité déterminée pour au moins quatorze jours consécutifs durant cette période d’admissibilité. (eligible employee) entité admissible Pour une période d’admissibilité, s’entend d’une entité déterminée qui répond aux conditions suivantes : Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION B Rules Applicable to Corporations
(k) for the twenty-first qualifying period,
where
where (iii) in any other case, nil; Impôt sur le revenu
a) elle fait une demande relativement à la période d’admissibilité auprès du ministre selon le formulaire prescrit et les modalités prescrites au plus tard : (i) le 31 janvier 2021, (ii) cent quatre-vingts jours après la fin de la période d’admissibilité; b) le particulier ayant la responsabilité principale des activités financières de l’entité atteste que la demande est complète et exacte quant à tous les éléments importants; c) lorsque la période d’admissibilité est comprise entre la première et la quatrième période d’admissibilité, son revenu admissible pour la période de référence antérieure est égal ou inférieur au pourcentage déterminé pour la période d’admissibilité : (i) si l’alinéa a) ou c) de la définition de période de référence antérieure s’applique, selon le revenu admissible pour la période de référence antérieure, (ii) si l’alinéa b) de la définition de période de référence antérieure s’applique, montant déterminé par la formule suivante : 0,5A(B/C) où : A représente son revenu admissible pour la période de référence antérieure, B le nombre de jours dans la période de référence antérieure, C le nombre de jours de la période de référence antérieure au cours de laquelle l’entité exploitait une entreprise; d) l’une ou l’autre des conditions ci-après est remplie : (i) elle avait, au 15 mars 2020, un numéro d’entreprise utilisé par le ministre pour les montants à remettre en vertu de l’article 153, (ii) les faits ci-après s’avèrent : (A) au 15 mars 2020, les conditions ci-après sont remplies : (I) elle a employé un ou plusieurs particuliers au Canada, (II) une personne ou une société de personnes autre que l’entité déterminée (appelée « fournisseur de services de la paie » au présent
where sous-alinéa) a administré la paie de ses employés, (III) le fournisseur de services de la paie avait un numéro d’entreprise utilisé par le ministre pour les montants à remettre en vertu de l’article 153, (B) le fournisseur de services de la paie a utilisé son numéro d’entreprise pour les montants à remettre visés à la subdivision (A)(III) à l’égard des employés de l’entité déterminée, (C) le ministre est convaincu que les conditions énoncées aux divisions (A) et (B) sont remplies. (qualifying entity) entité de référence admissible Pour une période d’admissibilité, s’entend d’une entité déterminée qui remplit les conditions suivantes : a) elle fait une demande relativement à la période d’admissibilité auprès du ministre selon la formule prescrite et les modalités prescrites au plus tard quatre-vingts jours après la fin de la période d’admissibilité; b) elle serait une entité admissible pour la période d’admissibilité si la définition de entité admissible s’appliquait compte non tenu de son alinéa a); c) s’il s’agit d’une société (sauf une société exonérée de l’impôt en application de la présente partie), selon le cas : (i) elle est une société privée sous contrôle canadien, (ii) elle serait une société privée sous contrôle canadien compte non tenu du paragraphe 136(1); d) dans le cas d’une société de personnes, tout au long de la période d’admissibilité, l’énoncé de la formule ci-après s’avère : A ≤ 0,5B où : A représente le total des sommes, dont chacune est la juste valeur marchande d’une participation dans la société de personnes détenue — directement ou indirectement, par l’intermédiaire d’une ou de plusieurs sociétés de personnes — par : (i) une personne ou une société de personnes, sauf une entité déterminée, (d) for the qualifying period referred to in paragraph (d) of the definition qualifying period, a prescribed period. (période de référence actuelle) (ii) une société, sauf une société qui, selon le cas : (A) est exonérée de l’impôt en vertu de la présente partie, (B) est visée aux sous-alinéas c)(i) ou (ii), B la juste valeur marchande de l’ensemble des participations dans la société de personnes; e) elle a un pourcentage de baisse de revenu qui est, selon le cas : (i) supérieur à zéro, s’il s’agit de la dix-septième période d’admissibilité, (ii) supérieur à 10 % (ou un pourcentage déterminé par règlement pour la période d’admissibilité), s’il s’agit d’une période d’admissibilité postérieure à la dix-septième période d’admissibilité. (qualifying recovery entity) entité déterminée Selon le cas : a) une société ou une fiducie, à l’exception d’une société ou d’une fiducie dont le revenu est exonéré de l’impôt prévu à la présente partie par l’effet de l’un des alinéas 149(1)e), j), k) et l), autre qu’une institution publique; b) un particulier, à l’exclusion d’une fiducie; c) un organisme de bienfaisance enregistré (autre qu’une institution publique); d) une personne dont le revenu est exonéré de l’impôt prévu à la présente partie par l’effet de l’un des alinéas 149(1)e), j), k) et l), autre qu’une institution publique; e) une société de personnes dont tous les associés sont visés au présent alinéa ou à l’un des alinéas a) à d); f) une organisation visée par règlement. (eligible entity) entité touristique ou d’accueil admissible Relativement à une période d’admissibilité, s’entend au sens du règlement. (qualifying tourism or hospitality entity) institution publique Entité qui est selon le cas : a) une organisation visée à l’un des alinéas 149(1)a) à d.6); b) une école, un conseil scolaire, un hôpital, une autorité sanitaire, une université publique ou un collège. (public institution) eligible entity means (d) a person that is exempt from tax under this Part because of paragraph 149(1)(e), (j), (k) or (l), other than a public institution; (f) a prescribed organization. (entité déterminée) (a) for greater certainty, a retiring allowance; (i) the eligible entity, locataire admissible Relativement à une période d’admissibilité, correspond à une entité déterminée qui remplit les conditions suivantes : a) elle fait une demande relativement à la période d’admissibilité auprès du ministre selon le formulaire prescrit et les modalités prescrites au plus tard cent quatre-vingts jours après la fin de la période d’admissibilité; b) le particulier ayant la responsabilité principale des activités financières de l’entité atteste que la demande est complète et exacte quant à tous les éléments importants; c) l’une ou l’autre des conditions ci-après est remplie : (i) elle remplit la condition énoncée à l’alinéa d) de la définition de entité admissible, (ii) elle avait un numéro d’entreprise le 27 septembre 2020 et fournit des registres et autres renseignements satisfaisants au ministre à l’appui de sa demande, (iii) elle remplit toute autre condition réglementaire. (qualifying renter) montant du remboursement de la rémunération de la haute direction Relativement à une entité déterminée, est : a) zéro, sauf si l’un des faits suivants se vérifie : (i) les actions du capital-actions de l’entité sont cotées ou négociées sur une bourse de valeurs ou un autre marché public, (ii) l’entité est contrôlée par une société visée au sous-alinéa (i); b) si l’un des sous-alinéas a)(i) ou (ii) se vérifie, la somme obtenue par la formule suivante : A × B où : A représente : (i) un pourcentage attribué à l’entité déterminée en vertu d’une convention relativement aux périodes d’admissibilité comprises entre la dix-septième période d’admissibilité et la vingt-troisième période d’admissibilité, si les conditions suivantes sont réunies : (A) la convention est conclue par les entités suivantes : Income Tax PART I Income Tax DIVISION H Computation of Tax SUBDIVISION B Rules Applicable to Corporations
(a) nil, unless A × B where A is (I) the eligible entity, (I) the eligible entity, (I) the eligible entity, B is C - D where: (III) la société mère publique, si elle a reçu un paiement en trop réputé en vertu du paragraphe (2) relativement aux périodes d’admissibilité postérieures à la vingt-troisième période d’admissibilité, et (III) chaque autre entité déterminée qui a reçu un paiement en trop réputé en vertu du paragraphe (2) relativement aux périodes d’admissibilité postérieures à la vingt-troisième période d’admissibilité et qui était contrôlée au cours de cette période par l’entité déterminée ou la société mère publique, le cas échéant, (B) la convention est présentée au ministre selon la formule prescrite et les modalités prescrites, (C) la convention attribue, pour les fins de la présente définition, un pourcentage relativement à chacune des entités déterminées visées à la division (A) du présent sous-alinéa, (D) les pourcentages totaux attribués en vertu de la convention correspondent à 100 %, (E) le pourcentage attribué à une entité déterminée en vertu de la convention n’entraînerait pas un montant qui lui est attribué dépassant le total des sommes représentant les paiements en trop réputés de celle-ci, en vertu du paragraphe (2), pour les périodes d’admissibilité postérieures à la vingt-troisième période d’admissibilité, (ii) dans les autres cas, 100 %, B : (i) pour la dix-septième période d’admissibilité à la vingt-troisième période d’admissibilité, la moins élevée des sommes suivantes : (A) le total des sommes représentant chacune un montant de paiement en trop réputé en vertu du paragraphe (2) pour chacune des entités déterminées visées à la division (i)(A) de l’élément A pour la dix-septième à la vingt-troisième période d’admissibilité, à l’exclusion des sommes relatives aux employés en congé avec solde, (B) la somme obtenue par la formule suivante : C - D où : C – D where E + F – G where G is the executive remuneration of the eligible entity, or of the public parent corporation that controls the eligible entity, if any, for the 2019 calendar year (prorated based upon the number of days of the eligible entity’s, or the public parent corporation’s, fiscal periods in the calendar year, if those fiscal periods are not the calendar year). (montant du remboursement de la rémunération de la haute direction) (a) subject to paragraph (b), exercices de l’entité ou de la société dans l’année civile, dans la mesure où ces exercices ne suivent pas l’année civile). (executive compensation repayment amount) période d’admissibilité S’entend de l’une des périodes suivantes : a) la période du 15 mars au 11 avril 2020 (appelée « première période d’admissibilité » au présent article); b) la période du 12 avril au 9 mai 2020 (appelée « deuxième période d’admissibilité » au présent article); c) la période du 10 mai au 6 juin 2020 (appelée « troisième période d’admissibilité » au présent article);
c.1) la période du 7 juin au 4 juillet 2020 (appelée « quatrième période d’admissibilité » au présent article);
c.2) la période du 5 juillet au 1er août 2020 (appelée « cinquième période d’admissibilité » au présent article);
c.3) la période du 2 août au 29 août 2020 (appelée « sixième période d’admissibilité » au présent article);
c.4) la période du 30 août au 26 septembre 2020 (appelée « septième période d’admissibilité » au présent article);
c.5) la période du 27 septembre au 24 octobre 2020 (appelée « huitième période d’admissibilité » au présent article);
c.6) la période du 25 octobre au 21 novembre 2020 (appelée « neuvième période d’admissibilité » au présent article);
c.7) la période du 22 novembre au 19 décembre 2020 (appelée « dixième période d’admissibilité » au présent article);
c.8) la période du 20 décembre 2020 au 16 janvier 2021 (appelée « onzième période d’admissibilité » au présent article);
c.9) la période du 17 janvier au 13 février 2021 (appelée « douzième période d’admissibilité » au présent article);
c.91) la période du 14 février au 13 mars 2021 (appelée « treizième période d’admissibilité » au présent article);
c.92) la période du 14 mars au 10 avril 2021 (appelée « quatorzième période d’admissibilité » au présent article);
c.93) la période du 11 avril au 8 mai 2021 (appelée « quinzième période d’admissibilité » au présent article);
c.94) la période du 9 mai au 5 juin 2021 (appelée « seizième période d’admissibilité » au présent article);
c.95) la période du 6 juin au 3 juillet 2021 (appelée « dix-septième période d’admissibilité » au présent article);
c.96) la période du 4 au 31 juillet 2021 (appelée « dix-huitième période d’admissibilité » au présent article);
c.97) la période du 1er au 28 août 2021 (appelée « dix-neuvième période d’admissibilité » au présent article);
c.98) la période du 29 août au 25 septembre 2021 (appelée « vingtième période d’admissibilité » au présent article);
c.99) la période du 26 septembre au 23 octobre 2021 (appelée « vingt et unième période d’admissibilité » au présent article);
c.991) la période du 24 octobre au 20 novembre 2021 (appelée « vingt-deuxième période d’admissibilité » au présent article);
c.992) la période du 21 novembre 2021 au 18 décembre 2021 (appelée « vingt-troisième période d’admissibilité » au présent article);
c.993) la période du 19 décembre 2021 au 15 janvier 2022 (appelée « vingt-quatrième période d’admissibilité » au présent article);
c.994) la période du 16 janvier 2022 au 12 février 2022 (appelée « vingt-cinquième période d’admissibilité » au présent article);
c.995) la période du 13 février 2022 au 12 mars 2022 (appelée « vingt-sixième période d’admissibilité » au présent article);
c.996) la période du 13 mars 2022 au 9 avril 2022 (appelée « vingt-septième période d’admissibilité » au présent article); (c) for the qualifying period referred to in paragraph (d) of the definition qualifying period, a prescribed period. (période de référence antérieure)
c.997) la période du 10 avril 2022 au 7 mai 2022 (appelée « vingt-huitième période d’admissibilité » au présent article); d) une période visée par règlement qui prend fin au plus tard le 2 juillet 2022. (qualifying period) période de référence actuelle S’entend, relativement à une période d’admissibilité, de l’une des périodes suivantes : a) pour la première période d’admissibilité, du mois de mars 2020; b) pour la deuxième période d’admissibilité, du mois d’avril 2020; c) pour la troisième période d’admissibilité, du mois de mai 2020;
c.1) pour la quatrième période d’admissibilité, du mois de juin 2020;
c.2) pour la cinquième période d’admissibilité, du mois de juillet 2020;
c.3) pour la sixième période d’admissibilité, du mois d’août 2020;
c.4) pour la septième période d’admissibilité, du mois de septembre 2020;
c.5) pour la huitième période d’admissibilité, du mois d’octobre 2020;
c.6) pour la neuvième période d’admissibilité, du mois de novembre 2020;
c.7) pour la dixième période d’admissibilité, du mois de décembre 2020;
c.8) pour la onzième période d’admissibilité, du mois de décembre 2020;
c.9) pour la douzième période d’admissibilité, du mois de janvier 2021;
c.91) pour la treizième période d’admissibilité, du mois de février 2021;
c.92) pour la quatorzième période d’admissibilité, du mois de mars 2021;
c.93) pour la quinzième période d’admissibilité, du mois d’avril 2021;
c.94) pour la seizième période d’admissibilité, du mois de mai 2021; (ii) not carrying on its ordinary activities because of a public health restriction. (réduction du revenu d’une année antérieure) (i) defined geographical boundaries, (ii) type of business or other activity, or
c.95) pour la dix-septième période d’admissibilité, du mois de juin 2021;
c.96) pour la dix-huitième période d’admissibilité, du mois de juillet 2021;
c.97) pour la dix-neuvième période d’admissibilité, du mois d’août 2021;
c.98) pour la vingtième période d’admissibilité, du mois de septembre 2021;
c.99) pour la vingt et unième période d’admissibilité, du mois d’octobre 2021;
c.991) pour la vingt-deuxième période d’admissibilité, du mois de novembre 2021;
c.992) pour la vingt-troisième période d’admissibilité, du mois de décembre 2021;
c.993) pour la vingt-quatrième période d’admissibilité, du mois de janvier 2022;
c.994) pour la vingt-cinquième période d’admissibilité, du mois de février 2022;
c.995) pour la vingt-sixième période d’admissibilité, du mois de mars 2022;
c.996) pour la vingt-septième période d’admissibilité, du mois d’avril 2022;
c.997) pour la vingt-huitième période d’admissibilité, du mois de mai 2022; d) pour la période d’admissibilité visée à l’alinéa d) de la définition de période d’admissibilité, d’une période visée par règlement. (current reference period) période de référence antérieure S’entend, relativement à une période d’admissibilité d’une entité déterminée, de l’une des périodes suivantes: a) sous réserve de l’alinéa b): (i) pour la première période d’admissibilité, du mois de mars 2019, (ii) pour la deuxième période d’admissibilité, du mois d’avril 2019, (iii) pour la troisième période d’admissibilité, du mois de mai 2019, (iv) pour la quatrième période d’admissibilité, du mois de juin 2019, (b) a school, school board, hospital, health authority, public university or college. (institution publique)
where (v) pour la cinquième période d’admissibilité, du mois de juillet 2019, (vi) pour la sixième période d’admissibilité, du mois d’août 2019, (vii) pour la septième période d’admissibilité, du mois de septembre 2019, (viii) pour la huitième période d’admissibilité, du mois d’octobre 2019, (ix) pour la neuvième période d’admissibilité, du mois de novembre 2019, (x) pour la dixième période d’admissibilité, du mois de décembre 2019, (xi) pour la onzième période d’admissibilité, du mois de décembre 2019, (xii) pour la douzième période d’admissibilité, du mois de janvier 2020, (xiii) pour la treizième période d’admissibilité, du mois de février 2020, (xiv) pour la quatorzième période d’admissibilité, du mois de mars 2019, (xv) pour la quinzième période d’admissibilité, du mois d’avril 2019, (xvi) pour la seizième période d’admissibilité, du mois de mai 2019, (xvii) pour la dix-septième période d’admissibilité, du mois de juin 2019, (xviii) pour la dix-huitième période d’admissibilité, du mois de juillet 2019, (xix) pour la dix-neuvième période d’admissibilité, du mois d’août 2019, (xx) pour la vingtième période d’admissibilité, du mois de septembre 2019, (xxi) pour la vingt et unième période d’admissibilité, du mois d’octobre 2019, (xxii) pour la vingt-deuxième période d’admissibilité, du mois de novembre 2019, (xxiii) pour la vingt-troisième période d’admissibilité, du mois de décembre 2019, (d) it meets either of the following conditions: (xxiv) pour la vingt-quatrième période d’admissibilité, du mois de janvier 2020, (xxv) pour la vingt-cinquième période d’admissibilité, du mois de février 2020, (xvi) pour la vingt-sixième période d’admissibilité, du mois de mars 2019, (xvii) pour la vingt-septième période d’admissibilité, du mois d’avril 2019, (xviii) pour la vingt-huitième période d’admissibilité, du mois de mai 2019; b) des mois de janvier et de février 2020, si l’un ou l’autre des énoncés ci-après s’applique : (I) l’entité n’exploitait pas d’entreprise et n’exerçait pas ses activités normales au 1er mars 2019 et la période d’admissibilité est comprise entre la première période d’admissibilité et la quatrième période d’admissibilité, (II) la période d’admissibilité est comprise entre, selon le cas : (A) la première période d’admissibilité et la quatrième période d’admissibilité et l’entité déterminée fait un choix pour l’ensemble des périodes d’admissibilité comprises entre la première période d’admissibilité et la troisième période d’admissibilité, (B) la cinquième période d’admissibilité et la période d’admissibilité visée à l’alinéa d) de la définition période d’admissibilité et l’entité déterminée fait un choix pour l’ensemble de ces périodes d’admissibilité, (C) la quatorzième période d’admissibilité et la seizième période d’admissibilité, à la fois : (I) l’entité déterminée n’exploitait pas d’entreprise et n’exerçait pas ses activités normales au 1er mars 2019, (II) l’entité déterminée fait un choix pour l’ensemble des périodes d’admissibilité, (D) la vingt-sixième période d’admissibilité et la vingt-huitième période d’admissibilité si, à la fois : (I) l’entité déterminée n’exploitait pas d’entreprise et n’exerçait pas ses activités normales au 1er mars 2019, (III) l’entité déterminée fait un choix pour l’ensemble de ces périodes d’admissibilité; c) dans le cas de la période d’admissibilité visée à l’alinéa d) de la définition de période d’admissibilité, d’une période visée par règlement. (prior reference period) pourcentage compensatoire Relativement à une entité déterminée pour une période d’admissibilité, correspond au pourcentage prescrit par règlement pour la période d’admissibilité ou, si un tel pourcentage n’est pas prescrit pour la période d’admissibilité : a) pour une période d’admissibilité comprise entre la cinquième et la dixième période d’admissibilité, au moins élevé de 25 % et du résultat (exprimé en pourcentage) de la formule suivante : 1,25 × (A − 50 %) où : A représente le pourcentage compensatoire de baisse de revenu de l’entité pour la période d’admissibilité; b) pour une période d’admissibilité comprise entre la onzième et la dix-septième période d’admissibilité, au moins élevé de 35 % et du résultat (exprimé en pourcentage) de la formule suivante : 1,75 × (A − 50 %) où : A représente le pourcentage compensatoire de baisse de revenu de l’entité pour la période d’admissibilité; c) pour la dix-huitième période d’admissibilité, au moins élevé de 25 % et du résultat (exprimé en pourcentage) de la formule suivante : 1,25 × (A − 50 %) où : A représente le pourcentage compensatoire de baisse de revenu de l’entité pour la période d’admissibilité; d) pour la dix-neuvième période d’admissibilité, au moins élevé de 15 % et du résultat (exprimé en pourcentage) de la formule suivante : 0,75 × (A − 50 %) où : A représente le pourcentage compensatoire de baisse de revenu de l’entité pour la période d’admissibilité. (d) a prescribed period that ends no later than July 2, 2022. (période d’admissibilité) (a) one or more qualifying properties of the eligible entity — or of one or more specified tenants (within A représente le pourcentage compensatoire de baisse de revenu de l’entité pour la période d’admissibilité; e) pour la vingtième période d’admissibilité, au moins élevé de 15 % et du résultat (exprimé en pourcentage) de la formule suivante : 0,75 × (A − 50 %) où : A représente le pourcentage compensatoire de baisse de revenu de l’entité pour la période d’admissibilité; f) pour la vingt et unième période d’admissibilité, au moins élevé de 10 % et du résultat (exprimé en pourcentage) de la formule suivante : 0,5 × (A − 50 %) où : A représente le pourcentage compensatoire de baisse de revenu de l’entité pour la période d’admissibilité; g) pour toute période d’admissibilité postérieure à la vingtième période d’admissibilité, zéro. (top-up percentage) pourcentage compensatoire de baisse de revenu. Relativement à une entité déterminée pour une période d’admissibilité, correspond : a) pour une période d’admissibilité comprise entre la cinquième et la septième période d’admissibilité, au résultat (exprimé en pourcentage) de la formule suivante : 1 − A ÷ B où : A représente le revenu admissible mensuel moyen de l’entité pour les trois derniers mois civils qui ont pris fin avant la période de référence actuelle ou prise en rapport avec la période d’admissibilité; B le revenu admissible mensuel moyen de l’entité : (i) si la période de référence antérieure pour la période d’admissibilité est janvier et février 2020, pour janvier et février 2020, (ii) sinon, pour les trois derniers mois civils qui ont pris fin avant la période de référence antérieure relativement à la période d’admissibilité; b) pour une période d’admissibilité comprise entre la huitième et la dixième période d’admissibilité, au plus élevé : A ≤ 0.5B where (i) du résultat (exprimé en pourcentage) de la formule figurant à l’alinéa a), (ii) du pourcentage de baisse de revenu de l’entité déterminée pour la période d’admissibilité; c) pour la onzième période d’admissibilité et les périodes d’admissibilité ultérieures, au pourcentage de baisse de revenu de l’entité pour la période d’admissibilité. (top-up revenue reduction percentage) pourcentage compensatoire pour le loyer Relativement à une entité déterminée à l’égard d’un bien admissible pour une période d’admissibilité, correspond au pourcentage obtenu de la formule suivante : A × B ÷ C où : A représente 25 %, ou un pourcentage visé par règlement, pour une période d’admissibilité comprise entre la huitième et la vingt-unième période d’admissibilité et, selon le cas, ou un pourcentage visé par règlement, pour toute période d’admissibilité ultérieure; B le nombre de jours dans la période d’admissibilité au cours desquels le bien admissible est assujetti à des restrictions sanitaires, C le nombre de jours dans la période d’admissibilité. (rent top-up percentage) pourcentage de baisse de revenu Relativement à une entité déterminée pour une période d’admissibilité, correspond au résultat (exprimé en pourcentage) de la formule suivante : 1 – A/B où : A représente le revenu admissible de l’entité déterminée pour la période de référence actuelle relativement à la période d’admissibilité; B le revenu admissible de l’entité déterminée pour la période de référence antérieure relativement à la période d’admissibilité — ou, si la période de référence antérieure est janvier et février 2020, le montant déterminé par la formule figurant au sous-alinéa (c)(ii) de la définition de entité admissible — ou une période visée par règlement relativement à l’entité déterminée pour la période d’admissibilité. (revenue reduction percentage) pourcentage de base Relativement à une entité déterminée pour une période d’admissibilité, correspond à : a) pour la cinquième période d’admissibilité : A – B where (A) gross rent, (I) base rent, (iii) excluding (B) amounts paid as, on account of, in lieu of payment of or in satisfaction of, damages, (G) reconciliation adjustment payments, and A représente le pourcentage de baisse de revenu; h) pour la dix-huitième période d’admissibilité : (i) si le pourcentage de baisse de revenu de l’entité est supérieur ou égal à 50 %, 35 %, (ii) dans les autres cas, le pourcentage obtenu par la formule suivante : 0,875 × (A – 10 %) où : A représente le pourcentage de baisse de revenu; i) pour la dix-neuvième période d’admissibilité : (i) si le pourcentage de baisse de revenu de l’entité est supérieur ou égal à 50 %, 25 %, (ii) dans les autres cas, le pourcentage obtenu par la formule suivante : 0,625 × (A – 10 %) où : A représente le pourcentage de baisse de revenu; j) pour la vingtième période d’admissibilité : (i) si le pourcentage de baisse de revenu de l’entité déterminée est supérieur ou égal à 50 %, 25 %, (ii) dans les autres cas, le pourcentage obtenu par la formule suivante : 0,625 × (A – 10 %) où : A représente le pourcentage de baisse de revenu; k) pour la vingt et unième période d’admissibilité : (i) si le pourcentage de baisse de revenu de l’entité déterminée est supérieur ou égal à 50 %, 10 %, (ii) dans les autres cas, le pourcentage obtenu par la formule suivante : 0,25 × (A – 10 %) où : A représente le pourcentage de baisse de revenu; l) pour les vingt-deuxième à vingt-sixième périodes d’admissibilité : (i) it meets the condition in paragraph (d) of the definition qualifying entity, (iii) it meets prescribed conditions. (locataire admissible) (i) le moins élevé de 75 % et du pourcentage de baisse de revenu de l’entité déterminée pour la période d’admissibilité, si, à la fois, pour cette période d’admissibilité : (A) son pourcentage de baisse de revenu est supérieur ou égal à 40 %, (B) l’une des conditions ci-après est remplie : (I) elle est une entité touristique ou d’accueil admissible, (II) elle est assujettie à des restrictions sanitaires admissibles, (ii) si le sous-alinéa (i) ne s’applique pas à l’entité déterminée, que son pourcentage de baisse de revenu pour la période d’admissibilité est supérieur ou égal à 50 % et que sa réduction du revenu d’une année antérieure est supérieure ou égale à 50 %, le moins élevé de 50 % et du pourcentage obtenu par la formule suivante : 1,6 × (A – 50 %) + 10 % où : A représente le pourcentage de baisse de revenu de l’entité déterminée pour la période d’admissibilité, (iii) dans les autres cas, zéro; m) pour les vingt-septième et vingt-huitième périodes d’admissibilité : (i) le moins élevé de 37,5 % et la moitié du pourcentage de baisse de revenu de l’entité déterminée pour la période d’admissibilité, si, à la fois, pour la période d’admissibilité : (A) son pourcentage de baisse de revenu est supérieur ou égal à 40 %, (B) l’une ou l’autre des conditions suivantes est remplie : (I) elle est une entité touristique ou d’accueil admissible, (II) elle est assujettie à des restrictions sanitaires admissibles, (ii) si le sous-alinéa (i) ne s’applique pas à l’entité déterminée, que son pourcentage de baisse de revenu pour la période d’admissibilité est supérieur ou égal à 50 % et que sa réduction du revenu d’une année antérieure est supérieure ou égale à 50 %, le (b) in the case of an eligible entity described in paragraph (d) of the definition eligible entity, (d) it excludes amounts derived from persons or partnerships not dealing at arm’s length with the eligible entity; and (e) it excludes, for greater certainty, deemed overpayments under subsection (2) and deemed remittances under subsection 153(1.02). (revenu admissible) qualifying tourism or hospitality entity, for a qualifying period, has the meaning assigned by regulation. (entité touristique ou d’accueil admissible) (d) for any of the twenty-second qualifying period and subsequent qualifying periods, 50% or a percentage determined by regulation for the qualifying period. (taux de subvention salariale de relance) moindre de 25 % et du pourcentage obtenu par la formule suivante : 0,8 × (A – 50 %) + 5 % où : A représente le pourcentage de baisse de revenu de l’entité déterminée pour la période d’admissibilité, (iii) dans les autres cas, zéro; n) pour toute période d’admissibilité postérieure à la vingtième période d’admissibilité, un pourcentage déterminé par règlement relativement à l’entité déterminée pour la période d’admissibilité ou, pour toute période d’admissibilité postérieure à la vingtième période d’admissibilité, si un tel pourcentage n’est pas prescrit pour la période d’admissibilité, zéro. (base percentage) pourcentage de subvention pour le loyer Relativement à une entité déterminée pour une période d’admissibilité, correspond à : a) si la période d’admissibilité est comprise entre la huitième et la dix-septième période d’admissibilité : (i) si le pourcentage de baisse de revenu de l’entité est supérieur ou égal à 70 %, à 65 %, (ii) si le pourcentage de baisse de revenu de l’entité est supérieur ou égal à 50 %, mais inférieur à 70 %, au pourcentage obtenu par la formule suivante : 40 % + (A – 50 %) × 1,25 où : A représente le pourcentage de baisse de revenu de l’entité, (iii) si le pourcentage de baisse de revenu de l’entité est inférieur à 50 %, le pourcentage obtenu par la formule suivante : 0,8 × B où : B représente le pourcentage de baisse de revenu de l’entité; a.1) si la période d’admissibilité est comprise entre la dix-huitième et la vingt-huitième période d’admissibilité, le pourcentage obtenu par la formule suivante : A + B 40% + (A – 50%) × 1.25 where
where A + B where A × B × C where A représente le pourcentage de base de l’entité déterminée pour la période d’admissibilité, B le pourcentage compensatoire de l’entité pour la période d’admissibilité; b) pour toute période d’admissibilité postérieure à la vingt-huitième période d’admissibilité, un pourcentage déterminé par règlement relativement à l’entité déterminée ou, si un tel pourcentage n’est pas prescrit pour la période d’admissibilité, zéro. (rent subsidy percentage) pourcentage déterminé Relativement à une période d’admissibilité, correspond au pourcentage suivant : a) pour la première période d’admissibilité, 85 %; b) pour une période d’admissibilité comprise entre la deuxième et la quatrième période d’admissibilité, 70 %. (specified percentage) c) [Abrogé, 2021, ch. 23, art. 24] réduction du revenu d’une année antérieure Relativement à une entité déterminée, correspond à la moyenne de la baisse de revenu qui représenterait, si le paragraphe 125.7(9) et l’article 257 n’étaient pas pris en compte, le pourcentage de baisse de revenu de l’entité déterminée pour une période d’admissibilité : a) qui est comprise entre la première période d’admissibilité et la treizième période d’admissibilité (mais seulement l’une de la dixième période d’admissibilité ou de la onzième période d’admissibilité); b) tout au long de laquelle l’entité déterminée, selon le cas : (i) exerçait ses activités normales, (ii) n’exerçait pas ses activités normales en raison de restrictions sanitaires. (prior year revenue decline) rémunération admissible Relativement à un employé admissible d’une entité déterminée, les montants visés à l’alinéa 153(1)a) ou b). Toutefois, la rémunération admissible ne comprend pas : a) pour plus de certitude, une allocation de retraite; b) une somme réputée avoir été reçue par l’employé admissible à titre d’avantage en vertu ou par l’effet de l’un des alinéas 7(1)a) à d.1); (pourcentage compensatoire pour le loyer) 1 – A/B where specified percentage, for a qualifying period, means (b) for any of the second qualifying period to the fourth qualifying period, 70%. (pourcentage déterminé) (c) [Repealed, 2021, c. 23, s. 24]
where
where c) toute somme dont on peut raisonnablement s’attendre à ce qu’elle soit restituée, directement ou indirectement, de quelque manière que ce soit, selon le cas : (i) à l’entité déterminée, (ii) à une personne ou société de personnes ayant un lien de dépendance avec celle-ci, (iii) à une autre personne ou société de personnes conformément aux instructions de celle-ci; d) toute somme payée relativement à une semaine d’une période d’admissibilité si, dans le cadre d’un arrangement implicite ou explicite admissible et l’entité déterminée, les énoncés ci-après s’appliquent : (i) la somme excède la rémunération de base de l’employé admissible, (ii) après la période d’admissibilité, il est raisonnable de s’attendre à ce que l’employé admissible reçoive une rémunération hebdomadaire inférieure à sa rémunération de base, (iii) pendant une période de l’arrangement où l’employé admissible n’est pas réputé, directement ou indirectement, être employé par l’entité déterminée, il est raisonnable de s’attendre à ce que l’entité déterminée augmente le paiement en trop réputé, déterminé au paragraphe (2). (eligible remuneration) rémunération de base Relativement à un employé admissible d’une entité déterminée, correspond à la rémunération admissible hebdomadaire moyenne, à l’exclusion de toute période d’au moins sept jours consécutifs pour laquelle l’employé n’était pas rémunéré, versée à l’employé admissible par l’entité déterminée : a) pendant la période qui commence le 1er janvier 2020 et se termine le 15 mars 2020; b) si l’entité admissible fait un choix : (i) pendant la période du 12 mars 2019 au 31 mai 2019, pour une période d’admissibilité comprise entre la première et la troisième période d’admissibilité, (ii) pendant la période du 1er mars 2019 au 30 juin 2019, pour une quatrième période d’admissibilité, à moins que l’entité déterminée ne fasse le choix d’utiliser la période du 1er mars 2019 au 31 mai 2019 pour la période d’admissibilité en question, (iii) pendant la période du 1er juillet 2019 au 31 décembre 2019, pour une période d’admissibilité comprise entre la cinquième et la treizième période d’admissibilité,
where (d) for the nineteenth qualifying period, the lesser of 15% and the percentage determined by the formula
where
where
where 1 – A ÷ B where (iii.1) pendant la période du 1er mars 2019 au 30 juin 2019, pour une période d’admissibilité comprise entre la quatorzième et la dix-septième période d’admissibilité, à moins que l’entité déterminée ne fasse le choix d’utiliser la période du 1er juillet 2019 au 31 décembre 2019 pour la période d’admissibilité en question, (iii.2) pendant la période du 1er juillet 2019 au 31 décembre 2019, pour la dix-huitième période d’admissibilité ou toute période d’admissibilité ultérieure, (iv) si l’employé admissible était en congé pour une raison prévue au paragraphe 12(3) de la Loi sur l’assurance-emploi ou l’article 2 de la Loi sur l’assurance parentale, RLRQ, ch. A-29.011 pour l’ensemble de la période du 1er juillet 2019 au 15 mars 2020, pendant la période qui commence quatre-vingt-dix jours avant la date à laquelle l’employé a commencé son congé et se termine le jour avant le début du congé relativement à la cinquième période d’admissibilité et à toute période d’admissibilité ultérieure. (baseline remuneration) rémunération de la haute direction Relativement à une entité déterminée, correspond : a) à la somme totale qui est déclarée dans la Déclaration de la rémunération de la haute direction de l’entité et pour les membres de la haute direction visés au Règlement 51-102 sur les obligations d’information continue, avec ses modifications successives, des Autorités canadiennes en valeurs mobilières à l’égard des membres de la haute direction visés à l’alinéa b); b) si l’alinéa a) ne s’applique pas et que l’entité est tenue de faire une divulgation semblable aux actionnaires en vertu des lois d’un ressort, à la somme de la rémunération totale déclarée dans cette divulgation (si la rémunération de plus de cinq personnes y est tenue d’être déclarée, par exemple, la rémunération des cinq personnes entre elles les mieux rémunérées); c) si les alinéas a) et b) ne s’appliquent pas, à la somme qui est déclarée par l’entité au moyen de la méthode d’établissement de la déclaration visée à l’alinéa a). (executive remuneration) rémunération totale de la période actuelle Relativement à une entité déterminée pour une période d’admissibilité, représente le total des sommes représentant chacune un montant pour un employé admissible relativement à une semaine au cours de la période d’admissibilité égale au moindre des montants suivants : Income Tax PART I Income Tax DIVISION B Computation of Tax SUBDIVISION B Rules Applicable to Corporations
(c) for the eleventh qualifying period and each subsequent qualifying period, the eligible entity’s revenue reduction percentage for the qualifying period. (pourcentage compensatoire de baisse de revenue) (a) $1,129, (d) if the eligible employee is on leave with pay in the week, nil. (rémunération totale de la période de base) (a) $1,129, (d) if the eligible employee is on leave with pay in the week, nil. (rémunération totale de la période actuelle) a) 1 129 $; b) la rémunération admissible versée à l’employé admissible pour la semaine; c) si l’employé admissible a un lien de dépendance avec l’entité déterminée au cours de la période d’admissibilité, la rémunération de base relative à l’employé admissible établie pour la semaine; d) si l’employé admissible est en congé avec solde pour la semaine, zéro. (total current period remuneration) rémunération totale de la période de base Relativement à une entité déterminée, représente le total des sommes représentant chacune un montant pour un employé admissible pour une semaine au cours de la quatorzième période d’admissibilité égal au moindre des montants suivants : a) 1 129 $; b) la rémunération admissible versée à l’employé admissible pour la semaine; c) si l’employé admissible a un lien de dépendance avec l’entité déterminée au cours de la période d’admissibilité, la rémunération de base relative à l’employé admissible établie pour la semaine; d) si l’employé admissible est en congé avec solde pour la semaine, zéro. (total base period remuneration) restrictions sanitaires S’entend relativement d’un bien admissible d’une entité déterminée pour une période d’admissibilité, d’un décret ou d’une décision qui remplit les conditions suivantes : a) il est pris en vertu d’une loi du Canada ou d’une province, ou conformément au pouvoir conféré par une telle loi; b) il est pris en réponse à la pandémie causée par la maladie à coronavirus 2019 (COVID-19); c) sa portée est limitée en fonction d’un ou plusieurs facteurs, tels que : (i) des limites géographiques définies, (ii) le type d’entreprise ou une autre activité, (iii) les risques associés à un emplacement particulier; d) le non-respect du décret ou de la décision est une offense fédérale ou provinciale ou peut résulter en l’infliction d’une sanction administrative pécuniaire ou d’une autre sanction par le gouvernement du Canada ou par une province; e) il ne résulte pas d’une violation par l’entité déterminée – ou d’une partie avec laquelle elle a un lien de dépendance qui loue, directement ou indirectement, le bien admissible de l’entité déterminée (appelée « locataire déterminé » à la présente définition) – d’un décret ou d’une décision qui remplit les conditions énoncées aux alinéas a) à d); f) suite au décret ou à la décision, certaines ou toutes les activités de l’entité déterminée – ou du locataire déterminé – prenant place au bien admissible, ou afférentes au bien admissible, doivent cesser (dans la mesure où il est raisonnable de s’attendre à ce que le décret ou la décision déterminée ait, à l’endroit de l’entité déterminée, continué d’affecter ces activités), étant entendu que le type d’activité déterminée est celui que la mesure de santé publique aurait ciblé et ce, en dehors des limites temporelles ou autres qui lui sont imposées; g) il est raisonnable de conclure qu’approximativement au moins 25 % du revenu admissible de l’entité déterminée – ou du locataire déterminé – pour la période de référence antérieure provenant du bien admissible ou en découlant était lié aux activités qui ont cessé, lesquelles sont visées à l’alinéa f); h) l’ordonnance de cessation visée à l’alinéa f) couvre une période d’au moins une semaine. (public health restriction) restrictions sanitaires admissibles S’entend, pour une période d’admissibilité, relativement à une entité déterminée : a) d’une part, un ou plusieurs de ses biens admissibles – ou ceux d’un ou plusieurs locataires déterminés au sens de la définition de restrictions sanitaires – sont assujettis à des restrictions sanitaires pendant au moins sept jours au cours de la période d’admissibilité; b) d’autre part, il est raisonnable de conclure qu’approximativement au moins 25 % de son revenu admissible – et de celui des locataires déterminés de l’entité déterminée – pour la période de référence antérieure provenait des activités au cours de la période d’admissibilité. (qualifying public health restriction) revenu admissible S’entend, relativement à une entité déterminée pour une période de référence antérieure ou pour une période de référence actuelle, des rentrées de sommes d’argent et autres contreparties reçues ou à recevoir dans le cours des activités normales de l’entité au Canada généralement au titre de la vente de biens, de la prestation de services et de l’utilisation par d’autres des ressources de l’entité dans la période donnée, sous réserve de ce qui suit : a) dans le cas d’une entité déterminée visée à l’alinéa c) de la définition de entité déterminée, les règles ci-après s’appliquent : (i) le revenu admissible comprend le revenu provenant d’une activité commerciale complémentaire au sens du paragraphe 149.1(1), les frais et les sommes reçues dans le cours normal de ses activités, (ii) malgré le sous-alinéa (i), l’entité déterminée peut faire un choix d’exclure de son revenu admissible le financement provenant d’un gouvernement pour l’ensemble de ses périodes de référence antérieures et de ses périodes de référence actuelles; b) dans le cas d’une entité déterminée visée par l’alinéa d) de la définition de entité déterminée : (i) le revenu admissible comprend les frais à titre de cotisation (droit d’inscription ou autre) et les autres sommes reçues dans le cours normal de ses activités, (ii) malgré le sous-alinéa (i), l’entité déterminée peut faire un choix d’exclure de son revenu admissible le financement provenant d’un gouvernement pour l’ensemble de ses périodes de référence antérieures et de ses périodes de référence actuelles; b.1) dans le cas d’une entité déterminée visée à l’alinéa f) de la définition de entité déterminée qui serait visée à l’alinéa c) ou d) de cette définition si elle n’était pas une institution publique, les sous-alinéas a)(ii) et b)(ii) s’appliquent à l’entité déterminée qui serait visée à l’alinéa c) de cette définition et les sous-alinéas a)(ii) et b)(ii) s’appliquent à l’entité déterminée qui serait visée à l’alinéa d) de cette définition; c) il est entendu que le revenu admissible ne comprend pas les postes extraordinaires; d) le revenu admissible ne comprend pas les sommes obtenues ou dérivées d’une personne ou d’un groupe de personnes avec qui l’entité déterminée a un lien de dépendance; COVID-19 — wage subsidy A - B - C + D where (i) the least of (ii) the least of e) il est entendu que le revenu admissible ne comprend pas les paiements en trop réputés, déterminés en vertu du paragraphe (2), et les remises réputées, prévues au paragraphe 153(1.02). (qualifying revenue) taux de subvention salariale de relance Pour une période d’admissibilité, correspond, selon le cas : a) pour une période d’admissibilité comprise entre la dix-septième et la dix-neuvième période d’admissibilité, 50 %; b) pour la vingtième période d’admissibilité, 40 %; c) pour la vingt et unième période d’admissibilité, 30 %; d) pour une période d’admissibilité postérieure à la vingt et unième période d’admissibilité, 50 % ou un pourcentage déterminé par règlement pour la période d’admissibilité. (recovery wage subsidy rate) COVID-19 — subvention salariale
À l’égard d’une entité admissible pour une période d’admissibilité, un paiement en trop au titre des sommes dont elle est redevable en vertu de la présente partie, pour l’année d’imposition au cours de laquelle la période d’admissibilité se termine, est réputé se produire au cours de cette période et être égal au montant déterminé par la formule : A - B - C + D où : A représente le total des sommes représentant chacune un montant pour un employé admissible pour une semaine au cours de la période d’admissibilité qui est, selon le cas : a) lorsque la période d’admissibilité est visée à l’un des alinéas a) à c.1) de la définition de période d’admissibilité au paragraphe (1), égal à la plus élevée des sommes suivantes : (i) le moindre de : (A) 75 % de la rémunération admissible versée à l’employé admissible par l’entité admissible pour la semaine, (B) 847 $, (C) si l’employé admissible a un lien de dépendance avec l’entité admissible au cours de la période d’admissibilité, zéro, (ii) le moindre de : (A) le montant de la rémunération admissible versée à l’employé admissible par l’entité admissible pour la semaine, Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION B Rules Applicable to Corporations
(E + F) × G where Impôt sur le revenu
(A) la rémunération admissible versée à l’employé admissible par l’entité admissible pour la semaine, (B) 75 % de la rémunération de base relative à l’employé admissible établie pour la semaine, (C) 847 $, b) lorsque la période d’admissibilité est visée à l’un des alinéas c.2) à d) de la définition de période d’admissibilité au paragraphe (1) : (i) si l’employé admissible n’est pas en congé avec solde pour la semaine et la période d’admissibilité est visée à l’alinéa c.2) ou c.3) de la définition de période d’admissibilité au paragraphe (1), le plus élevé des montants suivants : (A) selon le cas : (I) zéro, lorsque le pourcentage de baisse de revenu de l’entité admissible pour la période d’admissibilité est moins que 30 %, (II) le plus élevé du montant établi au sous-alinéa a)(i) et du montant établi au sous-alinéa a)(ii), dans les autres cas, (B) la somme obtenue par la formule figurant au sous-alinéa (ii), (ii) si l’employé admissible n’est pas en congé avec solde pour la semaine et la période d’admissibilité est visée à l’un des alinéas c.4) à d) de la définition de période d’admissibilité au paragraphe (1), la somme obtenue par la formule suivante : (E + F) × G où : E représente le pourcentage de base de l’entité admissible pour la période d’admissibilité, F le pourcentage compensatoire de l’entité admissible pour la période d’admissibilité, G le moindre des montants suivants : (A) la rémunération admissible versée à l’employé admissible par l’entité admissible pour la semaine, (B) 1 129 $, (C) si l’employé admissible a un lien de dépendance avec l’entité admissible au (A) nil, unless (C) nil, if (D) nil, unless D is cours de la période d’admissibilité, la rémunération de base relative à l’employé admissible établie pour la semaine, (iii) si l’employé admissible est en congé avec solde pour la semaine et la période d’admissibilité est visée à l’un des alinéas c.2) ou c.3) de la définition de « période d’admissibilité » au paragraphe (1), (A) nul, sauf si l’un des faits suivants se vérifie : (I) le pourcentage de baisse de revenu de l’entité admissible pour la période d’admissibilité est supérieur à zéro, (II) le pourcentage compensatoire de l’entité admissible pour la période d’admissibilité est supérieur à zéro, (B) dans les autres cas, le plus élevé du montant établi au sous-alinéa a)(i) et du montant établi au sous-alinéa a)(ii), (iv) si l’employé admissible est en congé avec solde pour la semaine et la période d’admissibilité est visée à l’un des alinéas c.4) à d) de la définition de « période d’admissibilité » au paragraphe (1), le moindre des montants suivants : (A) la rémunération admissible qui est versée à l’employé admissible par l’entité admissible pour la semaine, (B) un montant prescrit par règlement relativement à l’entité admissible pour la période d’admissibilité, (C) nul, lorsque les conditions ci-après sont remplies : (I) l’employé a un lien de dépendance avec l’entité admissible au cours de la période d’admissibilité, (II) la rémunération de base de l’employé admissible pour la semaine est zéro, (D) nul, sauf si l’un des faits suivants se vérifie : (I) le pourcentage de baisse de revenu de l’entité admissible pour la période d’admissibilité est supérieur à zéro, (II) le pourcentage compensatoire de l’entité admissible pour la période d’admissibilité est supérieur à zéro; B le total des sommes représentant chacune un montant réputé avoir été remis en vertu du paragraphe 153(1.02) par l’entité admissible durant la période d’admissibilité; Exception COVID-19 — rent subsidy C le montant reçu pour chacune des semaines de la période d’admissibilité par l’employé admissible au titre de prestations pour travail partagé visées à la Loi sur l’assurance-emploi; D : a) lorsque la période d’admissibilité est comprise entre la cinquième et la dix-neuvième période d’admissibilité, zéro, sauf si, selon le cas : (i) le pourcentage de baisse des revenus de l’entité admissible pour la période d’admissibilité est supérieur à zéro, (ii) le pourcentage compensatoire de l’entité admissible pour la période d’admissibilité est supérieur à zéro, a.1) Lorsque la période d’admissibilité est postérieure à la dix-neuvième période d’admissibilité, zéro, b) dans les autres cas, le total des sommes relatives à un employé admissible pour une semaine dans une période d’admissibilité pendant laquelle l’employé est en congé avec solde, si ces sommes sont, selon le cas : (i) payables par l’entité admissible : (A) à titre de cotisation patronale en vertu de la Loi sur l’assurance-emploi, (B) à titre de cotisation de l’employeur en vertu du Régime de pensions du Canada ou en vertu d’un régime provincial de pensions au sens de l’article 3 de cette loi, (ii) payables par l’entité admissible à titre de cotisation d’employeur en application de la Loi sur l’assurance parentale, RLRQ, c. A-29.011. Exception (2.01) Malgré le paragraphe (2), aucun paiement en trop au titre des sommes dont l’entité admissible est redevable en vertu de la présente partie pour l’année d’imposition au cours de laquelle la période d’admissibilité se termine n’est réputé être produit à l’égard d’une entité admissible qui est une société cotée en bourse ou d’une filiale de celle-ci si, au cours de la période d’admissibilité, elle a versé des dividendes imposables à un particulier qui est détenteur d’actions ordinaires de la société ou de la filiale. COVID-19 — subvention pour le loyer (2.1) À l’égard d’un locataire admissible pour une période d’admissibilité visée à l’un des alinéas c.5) à d) de la définition de période d’admissibilité au paragraphe (1), un paiement en trop au titre des sommes dont il est redevable en vertu de la présente partie, pour l’année A + B where C x D where E x E.1 where E is d’imposition au cours de laquelle la période d’admissibilité se termine, est réputé se produire au cours de cette période et être égal au montant déterminé par la formule suivante : A + B où : A représente le montant déterminé par la formule suivante : C x D où : C représente le pourcentage de subvention pour le loyer du locataire admissible pour la période d’admissibilité, D le moins élevé des montants suivants : a) le total des sommes représentant chacune un montant de dépenses de loyer admissibles d’un locataire admissible pour un bien admissible au cours de la période d’admissibilité, b) le montant déterminé par la formule suivante : E x E.1 où : E représente, selon le cas : (i) 100 %, à moins que le locataire admissible ne soit affilié au cours de la période d’admissibilité à une ou plusieurs entités déterminées qui réclament une somme en vertu du présent paragraphe relativement à la période d’admissibilité, (ii) un pourcentage attribué au locataire admissible en vertu d’une convention, si, à la fois : (A) cette dernière est conclue par le locataire admissible et chacune des entités déterminées qui, à la fois : (I) est affiliée au locataire admissible lors de la période d’admissibilité, (II) réclame une somme en vertu du présent paragraphe relativement à la période d’admissibilité, (B) elle est présentée auprès du ministre selon la forme et les modalités prescrites relativement à la période d’admissibilité par le locataire admissible et chacune des entités F × G where F is A × (B − C) where déterminées visées à la division (A) avec leur demande pour la période d’admissibilité, (C) elle attribue, pour les fins du présent paragraphe, un pourcentage relativement à chacune des entités déterminées visées à la division (B) pour la période d’admissibilité, (D) les pourcentages totaux attribués en vertu de la convention n’excèdent pas 100 %, (iii) zéro, dans les autres cas, E.1 représente, selon le cas : (i) 300 000 $ pour une période d’admissibilité comprise entre la huitième période d’admissibilité et la vingt et uneième période d’admissibilité, (ii) 1 000 000 $ pour une période d’admissibilité postérieure à la vingt et unième période d’admissibilité, B le total des sommes représentant chacun un montant pour un bien admissible pour la période d’admissibilité déterminé par la formule suivante : F × G où : F représente, selon le cas : (i) zéro, à moins que le pourcentage de subvention pour le loyer du locataire admissible pour la période d’admissibilité ne soit supérieur à zéro, (ii) dans les autres cas, le pourcentage compensatoire pour le loyer du locataire admissible relativement au bien admissible pour la période d’admissibilité, G les dépenses de loyer admissibles du locataire admissible relativement au bien admissible pour la période d’admissibilité. Programme d’embauche pour la relance économique du Canada (2.2) À l’égard d’une entité de relance admissible pour une période d’admissibilité, un paiement en trop au titre des sommes dont elle est redevable en vertu de la présente partie, pour l’année d’imposition au cours de laquelle la période d’admissibilité se termine, est réputé se produire au cours de cette période et être égal au montant déterminé par la formule suivante : A × (B − C) A B C Computation of revenue où : A représente le taux de subvention salariale de relance pour la période d’admissibilité; B la rémunération totale de la période actuelle de l’entité pour la période d’admissibilité; C la rémunération totale de la période de base de l’entité pour la période d’admissibilité. Moment de réception d’un montant d’aide
Pour l’application de la présente loi, à l’exception du présent article, il est entendu qu’un montant qu’une entité déterminée est réputée, en vertu des paragraphes (2) à (2.2), avoir reçu est réputé avoir été reçu d’un gouvernement immédiatement avant la fin de la période d’admissibilité à laquelle le montant se rapporte. Calcul du revenu
Pour l’application de la définition de revenu admissible au paragraphe (1), le revenu admissible d’une entité déterminée est établi conformément à ses pratiques comptables habituelles. Toutefois : a) si un groupe d’entités déterminées prépare normalement des états financiers consolidés, chaque membre du groupe peut établir son revenu admissible séparément dans la mesure où chaque membre du groupe établit son revenu admissible sur cette base; b) si une entité déterminée et chaque membre d’un groupe affilié d’entités déterminées dont elle fait partie font un choix conjoint à cet égard, le revenu admissible du groupe, établi sur une base consolidée en application des pratiques comptables applicables, est utilisé par chaque membre du groupe; c) si les participants d’une coentreprise sont propriétaires de toutes les parts dans une entité déterminée et que la totalité ou presque du revenu admissible de l’entité pour une période d’admissibilité se rapporte à la coentreprise, l’entité peut utiliser le revenu admissible de la coentreprise (établi comme si la coentreprise était une entité déterminée) au lieu de son revenu admissible pour la période d’admissibilité pour l’application du présent article; d) si la totalité ou presque du revenu admissible d’une entité déterminée relativement à une période d’admissibilité — établi compte non tenu de l’alinéa d) de la définition de revenu admissible au paragraphe (1) — provient d’une ou de plusieurs personnes ou sociétés de personnes données avec qui elle a un lien de dépendance et si chacune de ces dernières fait un choix $100(A/B)(C/D) where (4.1) Subsection (4.2) applies to an eligible entity in respect of a qualifying period if (4.2) If this subsection applies to an eligible entity in respect of a qualifying period, a) l’entité déterminée a acquis des actifs (appelés « actifs acquis » au présent paragraphe et au paragraphe (4.2)) d’une personne ou d’une société de personnes (appelée « vendeur » au présent paragraphe et au paragraphe (4.2)) au cours de la période d’admissibilité ou à tout moment avant cette période; b) immédiatement avant l’acquisition, la juste valeur marchande des actifs acquis constituait : (i) soit la totalité, ou presque, de la juste valeur marchande des biens du vendeur utilisés dans le cadre de l’exploitation de l’entreprise, (ii) soit, si le vendeur et l’entité déterminée n’ont pas de lien de dépendance, la totalité ou presque des actifs du vendeur qui peut raisonnablement être considérée comme nécessaire pour que l’entité déterminée soit en mesure d’exploiter l’entreprise du vendeur, ou une partie de l’entreprise du vendeur, à titre d’entreprise; c) les actifs acquis étaient utilisés par le vendeur dans le cadre des activités d’une entreprise exploitée par le vendeur au Canada; d) il est raisonnable de conclure qu’aucun des objets principaux de l’acquisition des actifs acquis n’était d’augmenter le montant d’un paiement en trop en vertu du paragraphe (2); e) l’entité déterminée fait un choix relativement à la période d’admissibilité — ou, si le vendeur existe lors de cette période, l’entité déterminée et le vendeur font conjointement un tel choix — et présente le choix au ministre sur le formulaire prescrit et selon les modalités prescrites. Vente d’actifs (4.2) Si le présent paragraphe s’applique à une entité déterminée relativement à une période d’admissibilité : a) le montant du revenu admissible du vendeur pour la période de référence précédente, ou la période de référence actuelle, relativement à la période d’admissibilité qu’il est raisonnable d’attribuer aux actifs acquis (appelé « recette affectée » dans le présent paragraphe) doit être inclus dans la détermination du revenu admissible de l’entité déterminée pour sa période de référence précédente ou sa période de référence actuelle, selon le cas, relativement à la période d’admissibilité; b) la recette affectée est soustraite du revenu admissible du vendeur pour sa période de référence précédente ou sa période de référence actuelle, selon le cas, relativement à la période d’admissibilité; Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION B Rules Applicable to Corporations
(i) either of the conditions in paragraph (d) of the definition qualifying entity in subsection (1), and Impôt sur le revenu
b) les recettes affectées doivent être soustraites du revenu admissible du vendeur pour sa période de référence antérieure ou sa période de référence actuelle, selon le cas, relativement à la période d’admissibilité; c) si une partie des recettes affectées provient d’une personne ou d’une société de personnes qui avait un lien de dépendance avec le vendeur et qui n’a pas de lien de dépendance avec l’entité déterminée tout au long de la période de référence actuelle, cette partie des recettes affectées est réputée ne pas provenir de personnes ou de sociétés de personnes ayant un lien de dépendance pour l’application de l’alinéa d) de la définition de revenu admissible au paragraphe (1); d) si le vendeur remplit l’une des conditions ci-après, l’entité déterminée est réputée remplir cette condition: (i) l’une des conditions énoncées à l’alinéa d) de la définition de entité admissible au paragraphe (1), (ii) les deux conditions énoncées au sous-alinéa c)(ii) ou la condition énoncée au sous-alinéa c)(iii) de la définition de locataire admissible au paragraphe (1); e) pour l’application du sous-alinéa b)(i) de la définition de période de référence antérieure au paragraphe (1) et pour l’application de l’élément C du sous-alinéa c)(ii) de la définition de entité admissible au paragraphe (1), l’entité déterminée est réputée avoir commencé à exploiter l’entreprise dans laquelle les actifs acquis sont utilisés, au premier en date des jours suivants : (i) le jour où l’entité déterminée a commencé l’exploitation de l’entreprise, (ii) le jour où le vendeur a commencé l’exploitation de l’entreprise dans laquelle les actifs acquis sont utilisés. Paiement en trop
Pour l’application du présent article, les règles ci-après s’appliquent : a) le montant d’un paiement en trop déterminé en vertu des paragraphes (2) à (2.2) pour une période d’admissibilité d’une entité déterminée ne peut excéder le montant réclamé par l’entité dans la demande prévue à l’alinéa a) de la définition de entité admissible au paragraphe (1) ou à (iii) increase the amount of a deemed overpayment under subsection (2.1). (a) for the purposes of subsections (2) to (2.2) and subsections 152(3.4) and 160.1(1), to be a taxpayer; and Prescribed amounts (i) the percentages in subparagraphs (a)(i), (b)(i), (c)(i), (d)(i), (e)(i), (f)(i), (g)(i), (h)(i), (i)(i) and (j)(i), and (ii) the factors in subparagraphs (a)(ii), (b)(ii), (c)(ii), (d)(ii), (e)(ii), (f)(ii), (g)(ii), (h)(ii), (i)(ii) and (j)(ii); and Anti-évitement — subvention salariale de relance (6.1) Malgré les autres dispositions du présent article, la rémunération totale de la période actuelle d’une entité déterminée pour une période d’admissibilité est réputée être égale à la rémunération totale de la période de base de l’entité en cause si les énoncés ci-après se vérifient : a) l’entité, une personne ou une société de personnes ayant un lien de dépendance avec elle, prend part à une opération ou à un événement (ou une série d’opérations ou d’événements) ou prend des mesures (ou omet de prendre des mesures) ayant pour effet d’augmenter l’écart entre la rémunération totale de la période actuelle et la rémunération totale de la période de base de l’entité pour la période d’admissibilité; b) il est raisonnable de conclure que l’un des objets principaux de l’opération, de l’événement, de la série d’opérations ou d’événements ou des mesures visés à l’alinéa a) est d’augmenter le montant d’un paiement en trop en vertu du paragraphe (2.1). Sociétés de personnes
Une société de personnes est réputée : a) un contribuable pour l’application des paragraphes (2) à (2.2) et des paragraphes 152(3.4) et 160.1(1); b) redevable de sommes en vertu de la présente partie pour l’application des paragraphes (2) à (2.2) relativement à une année d’imposition au cours de laquelle la période d’admissibilité se termine. Montants visés par règlement
Peuvent être visés par règlement : a) pour l’application de la définition de pourcentage de base au paragraphe (1), (i) les pourcentages prévus aux sous-alinéas a)(i), b)(i), c)(i), d)(i), e)(i), f)(i), g)(i), h)(i), i)(i) et j)(i), (ii) les facteurs prévus aux sous-alinéas a)(ii), b)(ii), c)(ii), d)(ii), e)(ii), f)(ii), g)(ii), h)(ii), i)(ii) et j)(ii); b) pour l’application de la définition de pourcentage de subvention pour le loyer au paragraphe (1), les facteurs et pourcentages prévus aux alinéas a) et a.1) de cette définition. Deeming rules — revenue decline tests Special case (9.2) For a qualifying period, b.1) pour l’application de la définition de taux de subvention salariale de relance au paragraphe (1), les pourcentages prévus à cette définition; c) pour l’application de la définition de dépenses de loyer admissibles au paragraphe (1), des dépenses nommées, ou par catégories, incluses ou exclues des dépenses de loyer admissibles aux alinéas a) ou b) de cette définition. Règles spéciales — tests de baisse de revenu
Si, compte non tenu du présent paragraphe : a) une entité déterminée remplit les conditions visées à l’alinéa c) de la définition de entité admissible au paragraphe (1) relativement à une période d’admissibilité donnée visée à l’une des alinéas a) à c) de la définition de période d’admissibilité au paragraphe (1), elle est réputée remplir les conditions visées à cet alinéa relativement à la période d’admissibilité qui suit immédiatement la période d’admissibilité donnée; b) un pourcentage de baisse de revenu plus faible est établi relativement à une entité déterminée pour une période d’admissibilité donnée visée à l’un des alinéas c.2) à c.7) de la définition de période d’admissibilité au paragraphe (1) que celui relatif à la période d’admissibilité qui précède, le pourcentage de baisse de revenu de l’entité déterminée pour la période d’admissibilité donnée est réputé égal à son pourcentage de baisse de revenu pour la période d’admissibilité précédente. Cas particulier (9.1) Pour l’application de l’alinéa (9)b), si la période d’admissibilité donnée est la onzième période d’admissibilité, la période d’admissibilité qui précède est réputée être la neuvième période d’admissibilité. La subvention salariale ou de relance excédentaire (9.2) Relativement à une période d’admissibilité : a) si le montant réputé d’un paiement en trop en vertu du paragraphe (2) est égal ou supérieur au montant réputé d’un paiement en trop en vertu du paragraphe (2.2), ce dernier est réputé être nul; b) si le montant réputé d’un paiement en trop en vertu du paragraphe (2.2) est supérieur au montant réputé d’un paiement en trop en vertu du paragraphe (2), ce dernier est réputé être nul. A - B where A − B where Foreign currency — executive remuneration [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2020, c. 6, s. 2, 2020, c. 11, s. 2; 2020, c. 13, s. 2; 2021, c. 5, s. 4; 2021, c. 23, s. 24; 2021, c. 26, s. 15; 2022, c. 10, s. 14 Impôt sur le revenu
Rémunération de la haute direction (14.1) Le montant d’un remboursement effectué par le ministre à une entité déterminée relativement à un montant de paiement en trop réputé en vertu du paragraphe (2) à une date donnée en application du paragraphe 164(1.6), relativement à une période d’admissibilité postérieure à la vingt-troisième période d’admissibilité, est réputé être un montant remboursé à l’entité déterminée à cette date — pour l’année d’imposition au cours de laquelle le remboursement est effectué — supérieur à celui auquel elle avait droit à titre de remboursement en vertu de la présente loi jusqu’à concurrence du moins élevé du montant du remboursement et de la somme obtenue par la formule suivante : A − B où : A représente le plus élevé des montants suivants : a) le montant du remboursement de la rémunération de la haute direction de l’entité déterminée, b) dans le cas d’une entité déterminée qui est une société cotée en bourse ou une filiale d’une telle société, le montant des dividendes imposables versés par la société ou sa filiale à un particulier qui est détenteur d’actions ordinaires de la société ou de la filiale; B le total des montants réputés être un remboursement en trop versé à l’entité déterminée en vertu du présent paragraphe relativement aux remboursements effectués après la date donnée. Monnaie étrangère — rémunération de la haute direction
Pour l’application des alinéas 261(2)b) et (5)c), les sommes visées à la définition de rémunération de la haute direction au paragraphe (1) sont réputées se produire le dernier jour de l’exercice de l’entité déterminée auquel ce montant se rapporte et non à un autre moment. Prorogation du délai par le ministre
Afin de déterminer si une entité déterminée est une entité admissible, une entité de relance admissible ou un locataire admissible, le ministre peut, à tout moment, proroger le délai pour faire une demande en vertu du présent article. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent codification; voir les lois et règlements modificatifs pertinents.] 2020, ch. 6, art. 2; 2020, ch. 11, art. 2; 2020, ch. 13, art. 2; 2021, ch. 5, art. 4; 2021, ch. 23, art. 24; 2021, ch. 26, art. 15; 2022, ch. 10, art. 14. Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
SUBDIVISION C Rules Applicable to all Taxpayers --- Impôt sur le revenu
Règles applicables à tous les contribuables Déduction pour impôt étranger 126 (1) Le contribuable qui résidait au Canada à un moment donné d’une année d’imposition peut déduire de l’impôt payable par ailleurs par lui pour l’année en vertu de la présente partie une somme égale à : a) la partie de tout impôt sur le revenu ne provenant pas d’entreprises qu’il a payé pour l’année au gouvernement d’un pays étranger (sauf, lorsque le contribuable est une société, tout impôt, ou toute partie d’impôt, de ce genre qu’il est raisonnable de considérer comme ayant été payé par le contribuable relativement au revenu qu’il a tiré d’une action du capital-actions d’une société étrangère affiliée lui appartenant) dont il peut demander la déduction; cette somme ne peut toutefois dépasser : b) la fraction de l’impôt payable par ailleurs par lui pour l’année en vertu de la présente partie que représente : (i) l’excédent éventuel du total des revenus admissibles du contribuable provenant de sources situées dans ce pays sur le total de ses pertes admissibles résultant de telles sources : (A) pour l’année, s’il réside au Canada tout au long de l’année, (B) pour la partie de l’année tout au long de laquelle il réside au Canada, s’il est un non-résident à un moment de l’année, à supposer : (C) qu’il n’ait exploité aucune entreprise dans ce pays, (D) lorsque le contribuable est une société, qu’il n’ait tiré aucun revenu d’actions du capital-actions d’une société étrangère affiliée lui appartenant, (E) lorsque le contribuable est un particulier : (I) qu’aucun montant n’ait été déduit en vertu du paragraphe 91(5) dans le calcul de son revenu pour l’année, (II) que, si le contribuable a déduit un montant en vertu du paragraphe 122.3(1) de son impôt en vertu de la présente partie pour l’année, son revenu provenant d’un emploi dans ce pays ne provenait pas d’une source dans ce Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
(ii) the total of exceeds Authorized foreign bank (d) subparagraph (1)(b)(ii) shall be read as follows: Impôt sur le revenu
impôt payable par ailleurs pour l’année en vertu de la présente partie, son revenu tiré d’un emploi dans ce pays n’a pas été tiré d’une source située dans ce pays, jusqu’à concurrence du moins élevé des montants déterminés à ce titre pour l’année en vertu des alinéas 122.3(1)c) et d), par rapport : (ii) au total des montants suivants : (A) l’excédent éventuel du montant applicable suivant : (I) si le contribuable a résidé au Canada tout au long de l’année, son revenu pour l’année, calculé compte non tenu de l’alinéa 20(1)ww), (II) s’il a été un non-résident à un moment de l’année, le montant déterminé selon l’alinéa 114a) à son égard pour l’année, sur : (III) le total des montants représentant chacun le montant déduit en application de l’article 110.6 ou de l’alinéa 111(1)b), ou déductible en application de l’un des alinéas 110(1)d) à g) et des articles 112 et 113, dans le calcul de son revenu imposable pour l’année, (B) le montant ajouté en vertu de l’article 110.5 dans le calcul de son revenu imposable pour l’année. Banque étrangère autorisée (1.1) Pour l’application des paragraphes 20(12) et (12.1) et du présent article à l’égard d’une banque étrangère autorisée, les règles suivantes s’appliquent : a) la banque est réputée, pour l’application des paragraphes (1), (4) à (5), (6) et (7), résider au Canada en ce qui a trait à son entreprise bancaire canadienne; b) la mention « pays étranger » au paragraphe 20(12) et à l’alinéa (1)a) vaut mention de « pays qui n’est ni le Canada ni un pays où le contribuable réside à un moment de l’année »; c) les mentions « provenant de sources situées dans ce pays » et « résultant de telles sources » au sous-alinéa (1)b)(i) valent mention respectivement de « relatifs à son entreprise bancaire canadienne et provenant de sources situées dans ce pays » et « relatifs à cette entreprise et résultant de telles sources »; Income Tax PART I Income Tax DIVISION C Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
“(ii) the lesser of Idem Impôt sur le revenu
d) le sous-alinéa (1)b)(ii) est remplacé par ce qui suit : « (ii) au moins élevé des montants suivants : (A) le revenu imposable du contribuable gagné au Canada pour l’année, (B) la somme de son revenu pour l’année tiré de son entreprise bancaire canadienne et du montant déterminé à son égard selon le sous-alinéa 115(1)a)(vii) pour l’année; ». e) ne sont inclus dans le calcul de l’impôt sur le revenu ne provenant pas d’une entreprise payé par la banque pour une année d’imposition au gouvernement d’un pays étranger que les impôts se rapportant à des montants inclus dans le calcul du revenu imposable gagné au Canada et provenant de son entreprise bancaire canadienne; f) la définition de revenu exonéré d’impôt au paragraphe (7) est remplacée par ce qui suit : « revenu exonéré d’impôt Le revenu d’un contribuable provenant d’une source située dans un pays donné et relativement auquel, à la fois : a) le contribuable a droit, par l’effet d’une entente ou convention globale pour l’élimination de la double imposition sur le revenu, ayant force de loi dans le pays donné et à laquelle est partie un pays où le contribuable réside, à une exemption dans les impôts sur le revenu ou sur les bénéfices prélevés dans ce pays donné et auxquels l’entente ou la convention s’applique; b) aucun impôt sur le revenu ou sur les bénéfices auquel l’entente ou la convention ne s’applique pas n’est prélevé dans le pays donné. ». Idem
Le contribuable qui résidait au Canada à un moment donné d’une année d’imposition et exploitait une entreprise, pendant cette année, dans un pays étranger, peut déduire de l’impôt payable par ailleurs pour lui pour l’année en vertu de la présente partie une somme ne dépassant pas le moindre des montants suivants : a) la partie du total de l’impôt sur le revenu tiré d’une entreprise qu’il a payé pour l’année, dans le pays étranger, relativement à des entreprises exploitées par lui dans ce pays et de sa fraction inutilisée de crédit pour impôt étranger relativement à ce pays, pour les dix années d’imposition précédant l’année et des trois années d’imposition la suivant, dont il demande la déduction; exceeds Amount determined for purposes of para. (2)(b) (ii) the total of exceeds b) le montant déterminé en vertu du paragraphe (2.1) pour l’année relativement à des entreprises exploitées par lui dans ce pays; c) l’excédent de l’élément visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) l’impôt payable par ailleurs par lui pour l’année en vertu de la présente partie, (ii) le montant ou le total des sommes, selon le cas, déduits par lui en vertu du paragraphe (1) de la présente partie pour l’année en vertu de la présente partie. Détermination du montant pour l’application de l’al. (2)(b) (2.1) Pour l’application de l’alinéa (2)(b), le montant déterminé en vertu du présent paragraphe pour l’année relativement à des entreprises exploitées par un contribuable dans un pays autre que le Canada est le total des montants suivants : a) la fraction de l’impôt payable par ailleurs par lui pour l’année en vertu de la présente partie, (i) d’une part, l’excédent éventuel du total des revenus admissibles du contribuable tiré d’entreprises qu’il exploite dans ce pays et de ses pertes admissibles résultant de telles entreprises : (A) pour l’année, s’il réside au Canada tout au long de l’année, (B) pour la partie de l’année tout au long de laquelle il réside au Canada, s’il est un non-résident à un moment de l’année, (ii) d’autre part, le total des montants suivants : (A) l’excédent éventuel du montant applicable suivant : (I) si le contribuable réside au Canada tout au long de l’année, son revenu pour l’année, calculé compte non tenu de l’alinéa 20(1)ww), (II) s’il est un non-résident à un moment de l’année, le montant déterminé selon l’alinéa 114a) à son égard pour l’année, sur : (III) le total des montants représentant chacun une somme déduite en application de exceeds l’article 110.6 ou de l’alinéa 111(1)b), ou déductible en application de l’un des alinéas 110(1)d) à g) et des articles 112 et 113, dans le calcul de son revenu imposable pour l’année, (B) le montant ajouté en vertu de l’article 110.5 dans le calcul de son revenu imposable pour l’année; b) la fraction du montant ajouté en vertu du paragraphe 120(1) à l’impôt payable par lui pour l’année en vertu de la présente partie représentée par le rapport entre : (i) d’une part, le montant déterminé selon le sous-alinéa a)(i) relativement à ce pays, (ii) d’autre part, l’excédent éventuel du montant applicable suivant : (A) si l’article 114 ne s’applique pas au contribuable pour l’année, son revenu pour l’année, (B) si l’article 114 s’applique au contribuable pour l’année, le total de son revenu pour les périodes visées à l’alinéa 114a) et du montant qui serait déterminé selon l’alinéa 114b) relativement au contribuable pour l’année, compte non tenu des alinéas 115(1)d) à f), sur : (C) le revenu gagné au cours de l’année dans une province, au sens du paragraphe 120(4), par le contribuable. Déduction pour impôt étranger au profit des non-résidents (2.2) Le contribuable qui, à un moment d’une année d’imposition où il ne réside pas au Canada, dispose d’un bien qui est réputé, par le paragraphe 48(2), dans sa version applicable avant 1993, ou par l’alinéa 128.1(4)e), dans sa version applicable avant le 2 octobre 1996, être un bien canadien imposable lui appartenant peut déduire de son impôt payable par ailleurs pour l’année en vertu de la présente partie un montant égal au moindre des montants suivants : a) le montant de tout impôt sur le revenu ne provenant pas d’une entreprise qu’il a payé pour l’année au gouvernement d’un pays étranger et qu’il est raisonnable de considérer comme ayant été payé par lui sur le gain ou le bénéfice qu’il a tiré de la disposition du bien; b) la fraction de l’impôt payable par ailleurs par lui pour l’année en vertu de la présente partie représentée par le rapport entre : (i) d’une part, le gain en capital imposable provenant de la disposition de ce bien, (ii) d’autre part, le montant applicable suivant : (A) si le contribuable est un non-résident tout au long de l’année, son revenu imposable gagné au Canada pour l’année, déterminé comme prévu aux alinéas 115(1)d) à f), (B) s’il réside au Canada au cours de l’année, le montant qui correspondrait à son revenu imposable gagné au Canada pour l’année si la partie de l’année tout au long de laquelle il a été non-résident constituait l’année entière. Ancien résident — déduction (2.21) Le particulier non-résident qui dispose, au cours d’une année d’imposition donnée, d’un bien qu’il a acquis la dernière fois en raison de l’application de l’alinéa 128.1(4)c) à un moment (appelé « moment de l’acquisition » au présent paragraphe) postérieur au 1er octobre 1996 peut déduire de son impôt payable par ailleurs en vertu de la présente partie pour l’année donnée (appelée « année de l’émigration » au présent paragraphe) qui comprend le moment immédiatement avant le moment de l’acquisition un montant ne dépassant pas le moins élevé des montants suivants : a) le total des montants représentant chacun le montant d’un impôt sur le revenu tiré d’une entreprise ou d’un impôt sur le revenu ne provenant pas d’une entreprise payé par le particulier pour l’année donnée au gouvernement ci-après, qu’il est raisonnable de considérer comme ayant été payé sur la partie de tout gain ou bénéfice tiré de la disposition du bien qui est assujettie à l’impôt pour l’année donnée et avant le moment où il a cessé d’y résider la dernière fois : (i) si le bien est un bien immeuble ou réel situé dans un pays étranger : (A) soit le gouvernement de ce pays, (B) soit le gouvernement du pays où le particulier réside au moment de la disposition et avec lequel le Canada a un traité fiscal à ce moment, exceeds (iii) si le bien n’est pas un bien immeuble ou réel, le gouvernement du pays où le particulier réside au moment de la disposition et avec lequel le Canada a un traité fiscal à ce moment; (b) l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii): (i) le montant d’impôt en vertu de la présente partie qui était payable par ailleurs par le particulier pour l’année de l’émigration, compte tenu de l’application du présent paragraphe aux dispositions effectuées avant le moment de la disposition, (ii) le montant de cet impôt qui aurait été payable si le bien n’avait pas été réputé, par le paragraphe 128.1(4), avoir fait l’objet d’une disposition au cours de l’année de l’émigration. Ancien résident — bénéficiaire de fiducie (2.22) Lorsqu’un particulier non-résident dispose, au cours d’une année d’imposition donnée, d’un bien qu’il a acquis pour la dernière fois à un moment (appelé « moment de l’acquisition » au présent paragraphe) lors d’une distribution effectuée après le 1er octobre 1996 et à laquelle les alinéas 107(2)(a) à (c) ne s’appliquent pas que du seul effet du paragraphe 107(5), la fiducie peut déduire de son impôt payable par ailleurs en vertu de la présente partie pour l’année (appelée « année de la distribution » au présent paragraphe) qui comprend le moment de l’acquisition un montant ne dépassant pas le moins élevé des montants suivants : a) le total des montants représentant chacun le montant d’un impôt sur le revenu tiré d’une entreprise ou d’un impôt sur le revenu ne provenant pas d’une entreprise payé par le particulier pour l’année donnée au gouvernement suivant : (i) si le bien est un bien immeuble ou réel situé dans un pays étranger : (A) soit le gouvernement de ce pays, (B) soit le gouvernement du pays où le particulier réside au moment de la disposition et avec lequel le Canada a un traité fiscal à ce moment, (ii) si le bien n’est pas un bien immeuble ou réel, le gouvernement du pays où le particulier réside au moment de la disposition et avec lequel le Canada a un traité fiscal à ce moment, s’il est raisonnable de considérer que le montant a été payé sur la partie de tout gain ou bénéfice tiré de la exceeds disposition du bien qui s’est accumulée avant la distribution et après le dernier en date des moments ci-après, antérieur à la distribution : (iii) le moment où la fiducie est devenue un résident du Canada, (iv) le moment où le particulier est devenu bénéficiaire de la fiducie, (v) le moment où la fiducie a acquis le bien; b) l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le montant d’impôt en vertu de la présente partie qui était payable par ailleurs par la fiducie pour l’année de la distribution, compte tenu de l’application du présent paragraphe aux dispositions effectuées avant le moment de la disposition, (ii) le montant de cet impôt qui aurait été payable par la fiducie pour l’année de la distribution si le bien n’avait pas été distribué au particulier. Déduction des crédits étrangers (2.23) Pour l’application des paragraphes (2.21) et (2.22), dans le calcul, relatif à la disposition d’un bien effectuée par un particulier au cours d’une année d’imposition, du total des impôts payés par le particulier pour l’année à un ou plusieurs gouvernements de pays étrangers, est déduit tout crédit d’impôt (ou autre montant réduisant l’impôt) auquel il avait droit pour l’année, en vertu des lois de ces pays ou d’un traité fiscal entre le Canada et ces pays, en raison des impôts payés ou payables par lui en vertu de la présente loi relativement à la disposition ou à une disposition antérieure du bien. Règles concernant la fraction inutilisée du crédit pour impôt étranger (2.3) Pour l’application du présent article : a) le montant déduit en vertu de l’alinéa (2a) par un contribuable pour une année d’imposition relativement à un pays est réputé se rapporter à l’impôt sur le revenu d’entreprises qu’il a payé pour l’année à l’égard des entreprises exploitées par lui dans ce pays, dans la mesure du montant de cet impôt, et le solde éventuel du montant ainsi déduit est réputé se rapporter à la fraction inutilisée de ses crédits pour impôt étranger à l’égard de ce pays et qui peuvent être déduits pour l’année d’imposition; b) aucun montant ne peut être déduit, en vertu de l’alinéa (2a), dans le calcul de l’impôt à payer en vertu (a) the individual’s income Income Tax PART I Income Tax DIVISION C Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
exceeds of No economic profit Impôt sur le revenu
(iii) le total des montants représentant chacun une somme déduite en application de l’article 110.6 ou de l’alinéa 111(1)b), ou déductible en application de l’un des alinéas 110(1)d) à d.3), f) et g), dans le calcul de son revenu imposable pour l’année. Toutefois, le montant déductible en application du présent paragraphe dans le calcul de l’impôt payable par le particulier en vertu de la présente partie pour l’année ne peut dépasser le produit de la multiplication du total des montants versés par le particulier à l’organisation à titre de contribution — dont le produit sert à couvrir les dépenses de l’organisation — et calculé en fonction du traitement que le particulier reçoit de l’organisation au cours de l’année, par le rapport entre : c) d’une part, son revenu d’emploi dans l’organisation pour l’année; d) d’autre part, le montant qui serait son revenu d’emploi dans l’organisation compte non tenu de l’alinéa 81(1)a). Exclusion d’une partie de l’impôt étranger
Pour l’application de la présente loi, un impôt sur le revenu ou sur les bénéfices, payé au gouvernement d’un pays étranger par une personne résidant au Canada, ne comprend pas un impôt, ou la partie d’un impôt, prélevé par ce gouvernement et dont la personne serait exonérée si elle n’avait pas droit, en vertu de l’article 113 ou du présent article, à une déduction relative à cet impôt ou à cette partie d’impôt. Absence de profit économique (4.1) Lorsqu’un contribuable acquiert un bien, sauf une immobilisation, après le 23 février 1998 et qu’il est raisonnable de s’attendre, au moment de l’acquisition, à ce qu’il ne réalise pas de profit économique relativement au bien pour la période commençant à ce moment et se terminant au moment de la disposition subséquente du bien, le montant total des impôts sur le revenu ou les bénéfices (appelés « impôt pertinent » pour l’application du paragraphe 20(12.1)) relativement au bien pour la période et aux opérations connexes, payés par le contribuable pour une année à un gouvernement étranger, n’est pas inclus dans le calcul de son impôt sur le revenu tiré d’une entreprise, pour une année d’imposition. Exceptions Tiered partnerships Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
A × (B - C) × D/E where A is Impôt sur le revenu
dans l'impôt sur le revenu ne provenant pas d'une entreprise, payé par le contribuable pour une année d'imposition donnée au titre des impôts (appelés « impôt étranger » au présent paragraphe et aux paragraphes (4.3) et 161(6.1)) qui sont, à la fois : a) payés par le contribuable relativement à des dividendes ou des intérêts pour la période qui sont inclus dans le calcul de son revenu tiré du bien pour une année d'imposition, b) inclus par ailleurs dans l'impôt sur le revenu tiré d'une entreprise ou l'impôt sur le revenu ne provenant pas d'une entreprise pour une année d'imposition, c) semblables à l'impôt perçu en vertu de la partie XIII, ne peut dépasser, sous réserve du paragraphe (4.3), le montant obtenu par la formule suivante : A × (B - C) × D/E où : A représente : a) dans le cas où l'impôt étranger serait inclus par ailleurs dans l'impôt sur le revenu tiré d'une entreprise, le total de ce qui suit : (i) la proportion de 26,5 % que représente le rapport entre le nombre de jours de l'année d'imposition qui sont en 2011 et le nombre total de jours de l'année d'imposition, (ii) la proportion de 25 % que représente le rapport entre le nombre de jours de l'année d'imposition qui sont postérieurs à 2011 et le nombre total de jours de l'année d'imposition, b) dans le cas où l'impôt étranger serait inclus par ailleurs dans l'impôt sur le revenu ne provenant pas d'une entreprise, le total de ce qui suit : (i) si le contribuable est une société privée sous contrôle canadien tout au long de l'année d'imposition, la proportion de 28 % que représente le rapport entre le nombre de jours de l'année d'imposition qui sont postérieurs à 2010 et le nombre total de jours de l'année d'imposition, (ii) si le contribuable n'est pas une société privée sous contrôle canadien tout au long de l'année d'imposition, le total de ce qui suit : (A) la proportion de 16,5 % que représente le rapport entre le nombre de jours de l'année d'imposition qui sont en 2011 et le nombre total de jours de l'année d'imposition, C D E Exceptions Dispositions ignored (B) la proportion de 15 % que représente le rapport entre le nombre de jours de l’année d’imposition qui sont postérieurs à 2011 et le nombre total de jours de l’année d’imposition, B la somme du produit de disposition du bien pour le contribuable au moment donné et du montant des dividendes et intérêts relatifs au bien pour la période inclus dans le calcul de son revenu pour une année d’imposition; C la somme du coût auquel le contribuable a acquis le bien la dernière fois et des dépenses qu’il a engagées ou effectuées en vue de disposer du bien au moment donné; D le montant d’impôt étranger qui serait inclus par ailleurs dans le calcul de l’impôt sur le revenu tiré d’une entreprise du contribuable, ou dans le calcul de son impôt sur le revenu ne provenant pas d’une entreprise, pour l’année donnée; E le montant total d’impôt étranger qui serait inclus par ailleurs dans le calcul de l’impôt sur le revenu tiré d’une entreprise du contribuable ou dans le calcul de son impôt sur le revenu ne provenant pas d’une entreprise, pour toutes les années d’imposition. Exception (4.3) Le paragraphe (4.2) ne s’applique pas au bien d’un contribuable à l’égard duquel l’un des faits suivants se vérifie : a) il s’agit d’une immobilisation; b) il s’agit d’un titre de créance d’une durée d’une année ou moins qui est émis au contribuable et qui n’est détenu par nul autre personne que lui; c) le contribuable l’a acquis pour la dernière fois avant le 24 février 1998; d) un montant d’impôt étranger n’a pas été inclus à son égard, par l’effet du paragraphe (4.1), dans le calcul de l’impôt sur le revenu tiré d’une entreprise du contribuable ou de son impôt sur le revenu ne provenant pas d’une entreprise. Présomptions inapplicables (4.4) Pour l’application des paragraphes (4.1) et (4.2) et de la définition de profit économique au paragraphe (7), les règles suivantes s’appliquent : a) la disposition ou l’acquisition d’un bien qui est réputée être effectuée par les paragraphes 10(12) ou (13) ou 45(1), les articles 70, 128.1 ou 132.2, les paragraphes (b) a disposition Synthetic disposition — holding period (ii) the end, if any, of the synthetic disposition period; and Exception 138(11.3), 138(2.4) or 142.5(2), l’alinéa 142.6(1)b) ou les paragraphes 142.6(1.1) ou (1.2) ou 149(10) n’est pas une disposition ou une acquisition, selon le cas; b) les dispositions suivantes n’en sont pas : (i) celle, à laquelle l’article 51.1 s’applique, d’un titre convertible en échange d’un nouveau titre, (ii) celle, à laquelle le paragraphe 86(1) s’applique, d’anciennes actions en échange de nouvelles actions, (iii) celle, à laquelle les paragraphes 87(4) et (8) s’appliquent, d’anciennes actions en échange de nouvelles actions; de plus, le titre convertible et le nouveau titre, ou les anciennes actions et les nouvelles actions, sont réputés être le même bien. Disposition factice — période de détention (4.5) Si un arrangement de disposition factice est conclu relativement à un bien appartenant à un contribuable et que la période de disposition factice relative à l’arrangement dure 30 jours ou plus, les règles ci-après s’appliquent : a) pour déterminer si la période visée au paragraphe (4.2) dure un an ou moins, cette période est réputée commencer au premier en date des moments suivants : (i) le moment immédiatement avant le moment donné visé à ce paragraphe, (ii) la fin de la période de disposition factice; b) pour l’application du paragraphe (4.6), le bien est réputé ne pas appartenir au contribuable pendant la période de disposition factice. Exception (4.6) Le paragraphe (4.5) ne s’applique pas à l’égard d’un bien appartenant à un contribuable relativement à un arrangement de disposition factice si le bien lui a appartenu tout au long de la période d’un an (déterminée comme si le présent paragraphe n’était pas tenu) qui s’est terminée immédiatement avant la période de disposition factice relative à l’arrangement. Prélèvements pétroliers et gaziers étrangers
Le contribuable qui réside au Canada tout au long d’une année d’imposition et qui exploite une entreprise pétrolière et gazière à l’étranger dans un pays taxateur au cours de l’année est réputé, pour l’application du présent exceeds Deductions for specified capital gains Rules of construction
a) l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le résultat de la multiplication de son revenu pour l’année tiré de l’entreprise exploitée dans le pays taxateur par le total de ce qui suit : (A) la proportion de 26,5 % que représente le rapport entre le nombre de jours de l’année d’imposition qui sont en 2011 et le nombre total de jours de l’année d’imposition, (B) la proportion de 25 % que représente le rapport entre le nombre de jours de l’année d’imposition qui sont postérieurs à 2011 et le nombre total de jours de l’année d’imposition, (ii) le total des montants qui, en l’absence de présent paragraphe, représenteraient les impôts sur le revenu ou les bénéfices payés au gouvernement du pays taxateur à l’égard de l’entreprise, b) l’impôt sur la production payé par le contribuable pour l’année relativement à l’entreprise exploitée dans le pays taxateur. Déduction pour les seuls gains en capital indiqués (5.1) Le particulier qui, au cours d’une année d’imposition, demande une déduction selon l’article 110.6 dans le calcul de son revenu imposable pour l’année est réputé, pour l’application du présent article, demander la déduction selon l’article 110.6 à l’égard de tout ou partie des gains en capital imposables qu’il indique dans la déclaration de revenu qu’il est tenu de produire conformément à l’article 150 pour l’année ou, s’il n’en indique pas, au titre des gains en capital imposables que le ministre indique à l’égard du contribuable pour l’année. Règles d’interprétation
Les règles suivantes s’appliquent dans le cadre du présent article : a) le gouvernement d’un pays étranger comprend le gouvernement d’un État, d’une province ou d’une autre subdivision politique du pays; b) lorsque le revenu d’un contribuable pour une année d’imposition provient, en totalité ou en partie, de sources situées dans des pays étrangers, les Definitions (impôt sur le revenu tiré d’une entreprise) paragraphes (1) et (2) doivent s’interpréter comme autorisant des déductions distinctes relativement à chacun des pays étrangers; c) dans le cas où un revenu provenant d’une source située dans un pays donné serait un revenu exonéré d’impôt si ce n’était le fait qu’une partie du revenu est assujettie à un impôt sur le revenu ou sur les bénéfices prélevé par le gouvernement d’un pays étranger, la partie en question est réputée provenir d’une source distincte située dans le pays donné; d) si une somme est incluse, dans le calcul du revenu d’un contribuable pour une année d’imposition tiré d’une entreprise exploitée au Canada, au titre des intérêts payés ou à payer au contribuable par une personne résidant dans un pays étranger et que le contribuable a payé au gouvernement de ce pays pour l’année, relativement à cette somme, un impôt sur le revenu ne provenant pas d’une entreprise, la somme est réputée, pour l’application dans le cadre du paragraphe (1) de la définition de revenus admissibles au paragraphe (7), être un revenu provenant d’une source située dans le pays étranger. Définitions
Les définitions qui suivent s’appliquent au présent article. entreprise pétrolière et gazière à l’étranger Entreprise exploitée par un contribuable dans un pays autre que le Canada, dont la principale activité consiste à extraire du pétrole, du gaz naturel ou des hydrocarbures connexes de gisements naturels ou de puits de pétrole ou de gaz. (foreign oil and gas business) fraction inutilisée du crédit pour impôt étranger S’agissant de la fraction inutilisée du crédit pour impôt étranger d’un contribuable relativement à un pays pour une année d’imposition, l’excédent éventuel du montant visé à l’alinéa a) sur le montant visé à l’alinéa b): a) l’impôt sur le revenu tiré d’une entreprise qu’il a payé pour l’année relativement aux entreprises qu’il exploite dans ce pays; b) le montant déductible en application du paragraphe (2) relativement à ces pays dans le calcul de son impôt payable en vertu de la présente partie pour l’année. (unused foreign tax credit) impôt payable par ailleurs pour l’année en vertu de la présente partie S’agissant de l’impôt payable par ailleurs pour l’année en vertu de la présente partie par un contribuable: foreign oil and gas business of a taxpayer means a business, carried on by the taxpayer in a taxing country, the principal activity of which is the extraction from natural accumulations, for control or sale, of gas, wells, of petroleum, natural gas or related hydrocarbons; (entreprise pétrolière et gazière à l’étranger) a) à l’alinéa (1)b) et au paragraphe (3), le montant obtenu par la formule suivante : A - B où : A représente l’impôt payable en vertu de la présente partie pour l’année par le contribuable, calculé compte non tenu de l’article 120.3 et avant toute déduction visée à l’un des articles 121, 122.3, 125 à 127.41 et, si le contribuable est une société privée sous contrôle canadien, 123.4, B les sommes réputées, par les paragraphes 120(2) et (2.2), avoir été payées au titre de l’impôt payable en vertu de la présente partie par le contribuable; b) au sous-alinéa (2)c)(i) et à l’alinéa (2.2)b), l’impôt payable en vertu de la présente partie pour l’année par le contribuable, calculé compte non tenu des articles 120.3 et 123.3 et avant toute déduction visée à l’un des articles 121 et 122.3, du paragraphe 123.4(3) et des articles 124 à 127.41; c) au paragraphe (2.1), l’impôt payable en vertu de la présente partie pour l’année par le contribuable, calculé compte non tenu du paragraphe 120(1) et des articles 120.3 et 123.3 et avant toute déduction visée à l’un des articles 121 et 122.3, du paragraphe 123.4(3) et des articles 124 à 127.41. (tax for the year otherwise payable under this Part) impôt sur la production En ce qui concerne l’entreprise pétrolière et gazière à l’étranger exploitée par un contribuable dans un pays taxateur autre que le Canada, le total des montants répondant chacun aux conditions suivantes : a) il est devenu à recevoir au cours de l’année par le gouvernement du pays en raison d’une obligation (sauf une obligation commerciale) du contribuable, relativement à l’entreprise, envers le gouvernement ou un de ses mandataires ou intermédiaires; b) il est calculé en fonction de l’excédent de la mesure visée au sous-alinéa (ii) sur le montant visé au sous-alinéa (iii) : (i) la quantité ou la valeur du pétrole, du gaz naturel ou des hydrocarbures connexes produits ou extraits par le contribuable dans le cadre de l’exploitation de l’entreprise au cours de l’année, (ii) une allocation ou autre déduction qui remplit les conditions suivantes : (h) [Repealed, 2013, c. 33, s. 13] exceeds (A) elle est déductible, en application de la convention ou de la loi créant l'obligation visée à l'alinéa a), dans le calcul du montant à recevoir par le gouvernement du pays, (B) elle est censée tenir compte des coûts d'exploitation et en capital de la production ou de l'extraction pour le contribuable, et il est raisonnable de considérer qu'elle a cet effet; c) il ne serait pas un impôt sur le revenu ou les bénéfices s'il n'était pas tenu compte du paragraphe (5); d) il ne constitue pas une redevance aux termes de la convention qui crée l'obligation ou aux termes des lois du pays. (production tax amount) impôt sur le revenu ne provenant pas d'une entreprise S'agissant de l'impôt sur le revenu ne provenant pas d'une entreprise payé par un contribuable pour une année d'imposition au gouvernement d'un pays étranger, sont, sous réserve des paragraphes (4.1) à (4.2), de la fraction de l'impôt sur le revenu ou les bénéfices qu'il a payé pour l'année au gouvernement en question, remplis les conditions suivantes : a) elle n'a pas été incluse dans le calcul de l'impôt sur le revenu provenant d'entreprises du contribuable pour l'année, relativement à une entreprise exploitée par lui dans un pays étranger; b) elle n'était pas déductible en vertu du paragraphe 20(11) dans le calcul de son revenu pour l'année; c) elle n'a pas été déduite en vertu du paragraphe 20(12) dans le calcul de son revenu pour l'année. Le terme ne vise toutefois pas un impôt ou la fraction d'un impôt :
c.1) qui se rapporte à un montant déduit par l'effet du paragraphe 104(22.3) dans le calcul de l'impôt sur le revenu tiré d'une entreprise payée par le contribuable; d) qui n'aurait pas été payable si le contribuable n'avait pas été un citoyen de ce pays et qu'il n'est pas raisonnable de considérer comme étant attribuable à un revenu tiré d'une source située à l'étranger; e) qu'il est raisonnable de considérer comme se rapportant à un montant que toute autre personne ou toute société de personnes a reçu ou a le droit de recevoir de ce gouvernement; f) que, si le contribuable déduit une somme selon le paragraphe 122.3(1) de son impôt payable par ailleurs (d) is not identified as a royalty under the agreement that creates the obligation or under any law of the country; (impôt sur la production) A - B where pour l’année en vertu de la présente partie, il est raisonnable de considérer comme se rapportant à son revenu d’emploi, à concurrence du moindre des montants déterminés à ce titre pour l’année en vertu de l’alinéa 122.3(1)c ou d); g) qu’il est raisonnable d’attribuer à tout ou partie d’un gain en capital imposable au titre duquel le contribuable ou son époux ou conjoint de fait demande une déduction selon l’article 110.6; h) [Abrogé, 2013, ch. 33, art. 13] i) qu’il est raisonnable de considérer comme se rapportant à un montant déductible en application du sous-alinéa 110(1)f)(i) dans le calcul du revenu imposable du contribuable pour l’année. (non-business-income tax) impôt sur le revenu tiré d’une entreprise S’agissant de l’impôt sur le revenu tiré d’une entreprise payé par un contribuable pour une année d’imposition relativement à des entreprises qu’il exploite dans un pays étranger (appelé « pays des entreprises » dans le présent alinéa), s’entend, sous réserve des paragraphes (4.1) à (4.2), de la fraction de l’impôt sur le revenu payé pour l’année au gouvernement du pays des entreprises qu’il est raisonnable de considérer comme se rapportant à son revenu tiré d’une entreprise qu’il exploite dans le pays des entreprises en prévision de l’entreprise, dans le cas où les lois du pays lui auraient permis de contracter, envers une personne autre que la personne donnée, une obligation équivalente sensiblement les mêmes conditions. (commercial obligation) opérations connexes Quant à la propriété d’un bien par un contribuable pour une période, opérations qu’il a conclues dans le cadre de l’arrangement visant la propriété du bien. (related transactions) (c) in subsection (2.1), the amount that would be the tax payable under this Part for the year by the taxpayer if that tax were determined without reference to subsection 120(1) and sections 120.3 and 123.3 and before making any deduction under any of sections 121 and 122.3, subsection 123.4(3) and sections 124 to 127.41; (impôt payable par ailleurs pour l’année en vertu de la présente partie) exceeds (b) the amount, if any, deductible under subsection (2) in respect of that country in computing the taxpayer’s tax payable under this Part for the year. (fraction inutilisée du crédit pour impôt étranger) pays taxateur Pays étranger dont le gouvernement impose régulièrement, relativement au revenu tiré d’entreprises exploitées dans le pays, un prélèvement ou un droit d’application générale qui serait un impôt sur le revenu ou sur les bénéfices s’il n’était pas tenu compte du paragraphe (5). (taxing country) pertes admissibles Les pertes d’un contribuable résultant de sources situées dans un pays, déterminées conformément au paragraphe (9). (qualifying losses) profit économique S’agissant du profit économique d’un contribuable relatif à un bien pour une période, la partie des bénéfices contribuables, provenant de l’entreprise dans laquelle le bien est utilisé, et attribuable au bien pour la période ou à des opérations connexes, déterminée comme si les seuls bénéfices réalisés dans le calcul de cette partie de bénéfices étaient les suivants : a) les intérêts et les frais de financement engagés par le contribuable et attribuables à l’acquisition ou à la détention du bien pour la période ou à une opération connexe; b) les impôts sur le revenu ou sur les bénéfices payables par le contribuable pour une année au gouvernement d’un pays étranger relativement au bien pour la période ou relativement à une opération connexe; c) les autres dépenses engagées ou effectuées qui sont directement attribuables à l’acquisition, à la détention ou à la disposition du bien pour la période ou à une opération connexe. (economic profit) revenu exonéré d’impôt Le revenu d’un contribuable provenant d’une source située dans un pays, dans le cas où, à la fois : a) le contribuable a droit relativement au revenu, par l’effet d’un traité fiscal conclu avec ce pays, à une exemption des impôts sur le revenu ou sur les bénéfices prélevés dans ce pays et auxquels le traité s’applique; b) aucun impôt sur le revenu ou sur les bénéfices auquel le traité ne s’applique n’est prélevé sur le revenu dans un pays autre que le Canada. (tax-exempt income) revenus admissibles Les revenus d’un contribuable tirés de sources situées dans un pays, déterminés conformément au paragraphe (9). (qualifying incomes) A × B/C where (a) without reference to Dividende réputé — société de personnes
Si une somme est réputée, en vertu du paragraphe 96(1.11), être un dividende imposable qu’une personne a reçu au cours d’une année d’imposition relativement à une société de personnes et qu’il est raisonnable de considérer que la totalité ou une partie de la somme (appelée « partie provenant d’une source à l’étranger » au présent paragraphe) est attribuable au revenu de la société de personnes provenant d’une source à l’étranger, la personne est réputée, pour l’application du présent article, tirer de cette source pour l’année un montant de revenu égal à la somme obtenue par la formule suivante : A × B/C où : A représente le montant total inclus en application du paragraphe 82(1) dans le calcul du revenu de la personne au titre du dividende imposable pour l’année; B la partie provenant d’une source à l’étranger; C le montant du dividende imposable que la personne est réputée avoir reçu. Calcul des revenus et pertes admissibles
Les revenus admissibles et les pertes admissibles d’un contribuable pour une année d’imposition provenant de sources situées dans un pays sont déterminés, à la fois : a) compte non tenu de ce qui suit : (i) toute partie de revenu qui était déductible en application du sous-alinéa 110(1)(f)(i) dans le calcul du revenu imposable du contribuable, (ii) pour l’application du sous-alinéa (1)(b)(i), toute partie de revenu relativement à laquelle un montant a été déduit en application de l’article 110.6 dans le calcul du revenu du contribuable, (iii) tout revenu ou perte provenant d’une source située dans le pays, dans le cas où un revenu du contribuable tiré de cette source serait un revenu exonéré d’impôt; b) comme si le total des montants représentant chacun la partie d’un montant déduit en application des paragraphes 66(4), 66.2(4) ou 66.7(2) ou (2.3) dans le calcul de ces revenus admissibles et de ces pertes admissibles pour l’année qui est attribuable à ces sources correspondait au plus élevé des montants suivants : (i) le total des montants représentant chacun la partie d’un montant déduit en application des paragraphes 66(4), 66.2(4) ou 66.7(2) ou (2.3) dans le (ii) the total of exceeds calcul du revenu du contribuable pour l’année qui est attribuable à ces sources, (ii) la somme des montants suivants : (A) la partie, qui est attribuable à ces sources, du montant maximal qui serait déductible en application du paragraphe 66(4) dans le calcul du revenu du contribuable pour l’année si le montant déterminé selon le sous-alinéa 66(4)(b)(ii) pour le contribuable pour l’année correspondait à l’excédent éventuel de la somme des montants suivants : (I) le revenu provenant de ressources à l’étranger (au sens du paragraphe 66.21(1)) du contribuable pour l’année se rapportant au pays, déterminé comme si le contribuable avait déduit les montants maximaux déductibles pour l’année en application des paragraphes 66.7(2) et (2.3), (II) les montants dont chacun aurait été inclus dans le calcul du revenu du contribuable pour l’année en application du paragraphe 59(1) relativement à une disposition d’un bien de ressources à l’étranger à l’égard du pays, déterminé comme si chaque montant déterminé selon le sous-alinéa 59(1)(b)(ii) était nul, sur : (III) le total des montants représentant chacun une partie d’un montant (sauf celle qui entraîne la réduction du montant déterminé par ailleurs selon la subdivision (I)) qui est attribuable à ces sources et qui serait déduit en application du paragraphe 66.7(2) dans le calcul du revenu du contribuable pour l’année si les montants maximaux déductibles pour l’année en application de ce paragraphe étaient déduits, (B) le montant maximal qui serait déductible en application du paragraphe 66.21(4) relativement à ces sources dans le calcul du revenu du contribuable pour l’année si, à la fois : (I) le montant déduit en application du paragraphe 66(4) relativement à ces sources dans le calcul du revenu du contribuable pour l’année correspondait au montant déterminé selon la division (A), (II) les montants déduits en application des paragraphes 66.7(2) et (2.3) relativement à ces [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1985, c. 1 (5th Supp.), s. 126.1; 1994, c. 7, Sch. II, s. 3; 1994, c. 21, s. 105; 1996, c. 21, s. 51; 1998, c. 21, s. 36; 1999, c. 22, s. 27; 2002, c. 22, s. 15; 2003, c. 15, s. 17; 2006, c. 4, s. 117; 2006, c. 9, s. 39; 2006, c. 15, s. 47; 2007, c. 35, s. 63; 2013, c. 34, s. 268; 2017, c. 33, s. 127, 2017, c. 40, s. 86; 2016, c. 12, s. 45; 2017, c. 20, s. 22; c. 33, s. 49; 2021, c. 23, s. 45.
Definitions
In subsection 127(1), income for the year from logging operations in the province has the meaning assigned by regulation; (revenu pour l’année tiré des opérations forestières dans la province) présent paragraphe, de l’impôt payable par ailleurs par le contribuable en vertu de la présente partie pour l’année ne peut en aucun cas dépasser 6 2/3 % du montant qui correspondrait, compte non tenu des alinéas 60b), c) à c.2), f) et v) et des articles 62, 63 et 64, au revenu imposable du contribuable pour l’année ou à son revenu imposable gagné au Canada pour l’année. Définitions
Les définitions qui suivent s’appliquent au paragraphe (1). impôt sur les opérations forestières Impôt levé par la législature d’une province et qui est, par règlement, déclaré être un impôt d’application générale sur le revenu tiré d’opérations forestières. (logging tax) revenu pour l’année tiré des opérations forestières dans la province [Abrogé, 2013, ch. 34, art. 269] revenu pour l’année tiré d’opérations forestières dans la province S’entend au sens du règlement. (income for the year from logging operations in the province) Contributions aux partis enregistrés et aux candidats
Il peut être déduit de l’impôt payable par ailleurs par un contribuable en vertu de la présente partie pour une année d’imposition au titre du total des montants représentant chacun le montant admissible d’une contribution monétaire, visée par la Loi électorale du Canada, faite par le contribuable au cours de l’année à un parti enregistré, à une association enregistrée ou à un candidat, au sens donné à ces termes par cette loi : a) 75 % de ce total, s’il ne dépasse pas 400 $, b) 300 $ plus 50 % de l’excédent de ce total sur 400 $, si celui-ci dépasse 400 $ sans dépasser 750 $, c) le moindre des montants suivants, si ce total dépasse 750 $ : (i) 650 $, (ii) 475 $ plus 33 1/3 % de l’excédent de ce total sur 750 $. Pour ce faire, le versement de chaque contribution monétaire comprise dans le total doit être constaté par la présentation au ministre d’un reçu contenant les renseignements prescrits et portant la signature de l’agent autorisé par cette loi à accepter la contribution.
[Repealed, 2003, c. 19, s. 73] (4.2) [Repealed, 2006, c. 9, s. 64] (a) the total of (ii) the lesser of exceeds Crédit d’impôt à l’investissement
Est déductible de l’impôt payable par ailleurs par un contribuable en vertu de la présente partie pour une année d’imposition un montant qui ne dépasse pas le moins élevé des montants suivants : a) le total des sommes suivantes : (i) le crédit d’impôt à l’investissement du contribuable à la fin de l’année au titre de biens acquis avant la fin de l’année, de sa dépense d’apprentissage pour l’année ou une année d’imposition antérieure, de sa dépense minière déterminée pour l’année ou pour une année d’imposition antérieure, de sa dépense minière critique déterminée pour l’année ou pour une année d’imposition antérieure, de sa dépense minière préparatoire pour une année d’imposition antérieure ou de son compte de dépenses admissibles de recherche et de développement à la fin de l’année ou d’une année d’imposition antérieure, (ii) la moins élevée des sommes suivantes : (A) le crédit d’impôt à l’investissement du contribuable à la fin de l’année au titre de biens acquis au cours d’une année d’imposition ultérieure, de sa dépense d’apprentissage pour une année d’imposition ultérieure, de sa dépense minière déterminée pour une année d’imposition ultérieure, de sa dépense minière critique déterminée pour une année d’imposition ultérieure, de sa dépense minière préparatoire pour une année d’imposition ultérieure ou de son compte de dépenses admissibles de recherche et de développement à la fin d’une année d’imposition ultérieure, dans la mesure où un tel crédit n’était pas déductible pour l’année ultérieure en application du présent paragraphe, (B) l’excédent éventuel de l’impôt payable par ailleurs par le contribuable en vertu de la présente partie pour l’année sur le montant éventuel calculé selon le sous-alinéa (i), b) si la section E.1 s’applique au contribuable pour l’année, l’excédent éventuel de son impôt payable par ailleurs en vertu de la présente partie pour l’année sur l’impôt minimum qui lui est applicable pour l’année calculé selon l’article 127.51. (d) shall be deducted in computing the taxpayer’s investment tax credit at the end of the taxation year, and Crédit d’impôt à l’investissement d’une société coopérative
Le contribuable qui est une société coopérative, au sens du paragraphe 136(2), et qui, à un moment donné au cours d’une année d’imposition, a déduit ou retenu un montant, en application du paragraphe 135(3), d’un paiement effectué par lui à une personne conformément à une répartition proportionnelle à l’apport commercial, peut déduire du montant qui serait par ailleurs tenu, aux termes de ce paragraphe, de remettre au receveur général un montant ne dépassant pas l’excédent éventuel : a) de son crédit d’impôt à l’investissement à la fin de l’année d’imposition précédente concernant un bien acquis, ou une dépense faite, avant la fin de cette année d’imposition précédente, sur le total des montants suivants : b) le montant déduit en vertu du paragraphe (5) de son impôt payable par ailleurs en vertu de la présente partie pour l’année d’imposition précédente concernant un bien acquis, ou une dépense faite, avant la fin de cette année d’imposition précédente; c) l’ensemble des montants dont chacun est le montant dont le paragraphe 135(3) exige par ailleurs la remise à l’égard de paiements effectués par lui au cours de l’année d’imposition et avant le moment donné; le montant ainsi déduit du montant qui devrait autrement être remis aux termes du paragraphe 135(3) : d) doit être déduit dans le calcul du crédit d’impôt à l’investissement du contribuable à la fin de l’année d’imposition; e) est réputé avoir été remis par le contribuable au receveur général au titre de l’impôt, prévu sous le régime de la présente partie, de la personne à qui ce paiement a été effectué. Crédit d’impôt à l’investissement d’une fiducie
Dans le cas où, au cours d’une année d’imposition donnée d’un contribuable bénéficiaire d’une fiducie qui est une succession assujettie à l’imposition à taux progressifs ou qui est réputée exister au titre de l’article 143, un montant est déterminé relativement à la fiducie selon les alinéas a), a.1), a.4), b) ou e.1) de la définition de crédit d’impôt à l’investissement au paragraphe (9) pour son année d’imposition qui se termine dans l’année donnée, la fiducie peut, dans sa déclaration de revenu produite pour cette même année d’imposition, attribuer au contribuable la partie de cette somme qui peut raisonnablement être considérée, compte tenu des circonstances, y Income Tax PART I Income Tax DIVISION C Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
Expenditure base exceeds Impôt sur le revenu
Investissement de base d’un commanditaire (8.2) Pour l’application du paragraphe (8.1), l’investissement de base d’un contribuable dans une société de personnes à la fin d’une année d’imposition de la société de personnes est le moindre des montants suivants : (a) l’excédent éventuel du total des montants suivants : (i) la fraction à risques de l’intérêt du contribuable dans la société de personnes au moment où il en est devenu pour la dernière fois commanditaire, (ii) les montants, visés au sous-alinéa 53(1)e)(iv), fournis par le contribuable après le moment où il est devenu pour la dernière fois commanditaire de la société de personnes et avant la fin de l’année et qu’il est raisonnable de considérer comme ayant augmenté la fraction à risques du contribuable à l’égard de la société de personnes à la fin de l’année d’imposition au cours de laquelle ils ont été fournis, (iii) l’excédent éventuel du total visé à la division (A) sur le total visé à la division (B): (A) le total des montants dont chacun représente la part, revenant au contribuable, d’un revenu de la société de personnes, calculée à l’alinéa 96(1)f) pour l’année ou pour une année d’imposition antérieure se terminant après le moment où il est devenu pour la dernière fois commanditaire de la société de personnes, (B) le total des montants dont chacun représente la part dont le contribuable est tenu d’une perte de la société de personnes, calculée à l’alinéa 96(1)g) pour une de ces années d’imposition, sur le total des montants suivants : (iv) les montants reçus par le contribuable après le moment où il est devenu pour la dernière fois commanditaire de la société de personnes et avant la fin de l’année, au titre ou en paiement de sa part des bénéfices distribués ou du capital distribué de la société de personnes, et (v) le total des montants dont chacun représente une dépense de la société de personnes d’un montant égal à l’investissement de base du contribuable Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
(A.2) [Repealed, 2017, c. 20, s. 23] that (iii) the amount determined in respect of the taxpayer under paragraph 127(8.2)(a) for the year (iv) the amount determined under subparagraph 127(8.2)(b)(ii). Impôt sur le revenu
dans la société de personnes, pour une année d’imposition antérieure; b) le produit de la multiplication du moindre des montants suivants par le rapport entre l’excédent calculé à l’égard du contribuable selon l’alinéa a) pour l’année et le total visé au sous-alinéa (ii): (i) le total des montants représentant chacun : (A) un montant auquel un pourcentage déterminé serait applicable à l’égard de la société de personnes pour l’année selon les alinéas a), b) ou e.1) de la définition de crédit d’impôt à l’investissement, au paragraphe (9), si elle était une personne et son exercice, son année d’imposition, (A.1) le montant qui correspondrait à la dépense d’apprentissage de la société de personnes si les mentions « 2 000 $ », à l’alinéa a) de la définition de dépense d’apprentissage au paragraphe (9), et « 10 % » à l’alinéa b) de cette définition, étaient remplacées respectivement par « 20 000 $ » et « les », (A.2) [Abrogé, 2017, ch. 20, art. 23] (B) le montant qui représenterait le compte de dépenses admissibles de recherche et de développement de la société de personnes à la fin de l’année, si elle était une personne et son exercice, son année d’imposition, (ii) le total des montants dont chacun représente l’excédent calculé à l’alinéa a) à l’égard de chaque commanditaire de la société de personnes à la fin de l’année. Crédit d’impôt à l’investissement — attribution de CII de société de personnes non attribués (8.3) Pour l’application du paragraphe (8) et sous réserve du paragraphe (8.4), lorsqu’un contribuable est l’associé d’une société de personnes (autre qu’un associé déterminé) tout au long d’un exercice de celle-ci, la part de la somme déterminée selon le paragraphe (8) qui revient à l’associé est réputée comprendre l’excédent raisonnable, le cas échéant, de la somme déterminée selon le paragraphe (8.31) relativement à cet exercice sur la part de cette somme qui revient aux autres associés qui ont été des associés tout au long de l’exercice et qui ne sont pas des associés déterminés pendant cet exercice, compte tenu de ce qui est raisonnable dans les circonstances relativement à l’investissement dans la société de personnes, y compris les obligations des associés qui ont été des associés tout au long de l’exercice et qui ne sont pas des associés déterminés pendant cet exercice. exceeds (b) the total of (iii) [Repealed, 2007, c. 35, s. 43] Idem ClI de société de personnes non attribué (8.31) Pour l’application du paragraphe (8.3), la somme déterminée selon le présent paragraphe relativement à l’exercice d’une société de personnes correspond à l’excédent éventuel de la somme visée à l’alinéa a) sur la somme visée à l’alinéa b) : a) le total des sommes représentant chacune une somme qui serait déterminée relativement à la société de personnes selon les alinéas (a), a.1), a.4), b) ou e.1) de la définition de *crédit d’impôt à l’investissement* au paragraphe (9) pour une année d’imposition qui correspond à l’exercice si la société de personnes était une personne et son exercice, son année d’imposition; b) le total des sommes suivantes : (i) les sommes représentant chacune la somme qui, déterminée selon le paragraphe (8), correspond, pour l’exercice, à la part du total déterminé selon l’alinéa a) qui revient à un associé de la société de personnes (sauf celui qui était un associé déterminé de celle-ci au cours de l’exercice), (ii) le total des sommes représentant chacune, pour l’exercice et compte tenu du paragraphe (8.1), à la part du total déterminé selon l’alinéa a) qui revient à un associé de la société de personnes qui était un associé déterminé de celle-ci au cours de l’exercice, (iii) [Abrogé, 2007, ch. 35, art. 43] Choix (8.4) Malgré le paragraphe (8), lorsqu’un montant doit être ajouté conformément aux paragraphes (8) et (8.3) dans le calcul du crédit d’impôt à l’investissement d’un contribuable pour une année d’imposition, la partie de ce montant que choisit le contribuable, sur le formulaire et selon les modalités réglementaires, dans sa déclaration de revenu produite en vertu de la présente partie pour son année d’imposition – à l’exclusion d’une déclaration de revenu produite en vertu du paragraphe 70(2) ou 104(23), de l’alinéa 128(2)e) ou du paragraphe 150(4) – est réputée, pour l’application du présent article, ne pas devoir être ajoutée conformément au paragraphe (8) dans le calcul de son crédit d’impôt à l’investissement à la fin de cette année. Definitions Idem **annual investment tax credit limit** [Repealed, 1994, c. 8, s. 15] (a) $2,000, and **approved project property** [Repealed, 1996, c. 21, s. 30] Définitions (8.5) Pour l’application des paragraphes (8.1) à (8.4), *commanditaire* et *fraction à risques* s’entendent au sens des paragraphes 96(2.4) et (2.2) respectivement. Idem
Les définitions qui suivent s’appliquent au présent article. **aide gouvernementale** Aide reçue d’un gouvernement, d’une municipalité ou d’une autre administration sous forme de prime, subvention, prêt à remboursement conditionnel, déduction de l’impôt ou allocation de placement ou sous toute autre forme, à l’exclusion d’un prêt exclu au sens du paragraphe 12(1), d’une déduction prévue aux paragraphes (5) ou (6) ou d’un paiement réputé au titre de l’impôt payable en vertu des paragraphes 127.4(2), 127.4(5), 127.4(8) ou 127.49(2); (*government assistance*) **aide non gouvernementale** Somme (autre qu’un montant visé au sous-alinéa (v)) reçue d’une municipalité ou d’une autre autorité publique qui serait incluse dans le calcul du revenu d’un contribuable si cet alinéa s’appliquait compte non tenu de ses sous-alinéas (v) à (vii). (*non-government assistance*) **apprenti admissible** Particulier qui exerce au Canada un métier visé par règlement relativement à un premier contrat d’apprentissage enregistré au Canada ou au Canada au cours des vingt-quatre premiers mois de son contrat d’apprentissage, lequel contrat est enregistré auprès de la province du Canada, selon le cas, dans le cadre d’un programme d’apprentissage menant à l’obtention par les personnes exerçant ce métier d’un certificat de qualification ou d’une licence. (*eligible apprentice*) **avantage relatif à la superdéduction** Pour ce qui est d’une année d’imposition donnée relativement à une société et une province, le montant obtenu par la formule suivante : (A - B) × C où : A représente le total des montants représentant chacun un montant qui est ou peut devenir déductible par la société, dans le calcul de son revenu ou revenu imposable dans une année dans le calcul de son impôt sur le revenu payable en vertu de la loi de la province pour une année d’imposition, à titre d’une dépense afférente à des activités de recherche scientifique et de développement expérimental engagée au cours de l’année donnée; (A) before 1987, or B L’excédent du montant de la dépense sur le total des montants qui, selon les paragraphes (18) à (20), seraient à appliquer en réduction des dépenses admissibles de la société, déterminées par ailleurs en vertu du présent article, si les définitions de aide gouvernementale et aide non gouvernementale ne s’appliquaient pas à l’aide fournie en vertu de cette loi; C : a) si le plafond des dépenses de la société pour l’année donnée est nul, le taux maximal d’impôt provincial sur le revenu qui s’applique, pour l’année, au revenu tiré d’une entreprise exploitée activement dans la province par une société; b) dans les autres cas, le taux d’impôt provincial sur le revenu pour l’année qui s’appliquerait à la société si, à la fois : (i) elle n’était associée à aucune société au cours de l’année, (ii) son revenu imposable pour l’année était inférieur à 200 000 $, (iii) son revenu imposable pour l’année était gagné dans la province relativement à une entreprise exploitée activement dans la province; bien admissible Relativement à un contribuable, bien (à l’exclusion d’un bien minier admissible) qui est : a) soit un bâtiment visé par règlement, dans la mesure où le contribuable l’a acquis après le 23 juin 1975; b) soit une machine ou du matériel visés par règlement et que le contribuable a acquis après le 23 juin 1975; b.1) soit un bien pour la production et l’économie d’énergie visé par règlement, acquis par le contribuable après le 28 mars 2012, qui avant l’acquisition, n’a été utilisé à aucune fin ni acquis à cette fin autre qu’une fin visée au sous-alinéa c); c) soit qu’il compte utiliser au Canada principalement à l’une des fins suivantes : (i) la fabrication ou la transformation de marchandises à vendre ou à louer, (ii) l’exploitation agricole ou la pêche, (iii) l’exploitation forestière, (iv) l’entreposage du grain, child care space amount [Repealed, 2017, c. 20, s. 23] (a) copper, (b) nickel, (c) lithium, (d) cobalt, (e) graphite, (f) a rare earth element, (g) scandium, (h) la récolte de tourbe; (vi) à (xiii) [Abrogés, 2012, ch. 31, art. 27]
c.1 soit qui est un bien (sauf un bien visé à l’alinéa b.1)) qu’il compte utiliser au Canada principalement pour la production ou la transformation d’énergie électrique ou de vapeur dans une région visée par règlement, dans le cas où, à la fois : (i) la totalité, ou presque, de l’énergie ou de la vapeur est : (A) soit utilisée par lui en vue de tirer un revenu d’une entreprise (sauf une entreprise qui consiste à vendre le produit du bien en question), (B) soit vendue directement (ou indirectement à une installation d’électricité sous réglementation provinciale exploitée dans la région en question) à une personne qui l’utilise ainsi; (ii) l’énergie ou la vapeur est utilisée par lui ou par la personne qui lui est liée principalement pour la fabrication ou la transformation, dans la région en question, de marchandises à vendre ou à louer; d) soit qu’il compte louer à un preneur (à l’exclusion d’une personne exonérée, par l’effet de l’article 149, de l’impôt prévu par la présente partie) dont il est raisonnable de s’attendre à ce qu’il utilise le bien au Canada principalement à l’une des fins visées à l’alinéa c); toutefois, le présent alinéa ne s’applique à un bien que s’il est visé par règlement pour l’application des alinéas b) ou b.1) qui, selon le cas : (i) le bien est donné en location dans le cours normal de l’exploitation d’une entreprise au Canada par une société dont l’entreprise principale consiste à louer des biens, à prêter de l’argent, à acheter des contrats de vente conditionnelle, des comptes-clients, des contrats de vente, et des créances hypothécaires mobilières ou autres créances qui portent intérêt ou tout autre prix de vente de marchandises ou de services, ou encore une combinaison de ces activités, (ii) le bien est fabriqué et donné en location dans le cours normal de l’exploitation d’une entreprise au Canada par une société dont l’entreprise principale consiste à fabriquer des biens qu’elle donne en location, Income Tax PART I Income Tax DIVISION C Rules Applicable to all Taxpayers SUBDIVISION C Rules Applicable to all Taxpayers
(h) titanium, (i) gallium, (j) vanadium, (k) tellurium, (l) magnesium, (m) zinc, (n) a platinum group metal, or (o) uranium; (minéral critique) eligible child care space expenditure [Repealed, 2017, c. 20, s. 23] (d) a partnership all the members of which are eligible taxpayers, (iii) le bien est loué dans le cours normal de l’exploitation d’une entreprise au Canada par une société dont l’entreprise principale consiste à vendre ou entretenir semblables biens, (iv) le bien est un bateau de pêche, y compris le mobilier, les accessoires et le matériel qui y est fixé, qu’un particulier, à l’exception d’une fiducie, loue à une société qu’il contrôle et qui exploite une entreprise de pêche dans le cadre d’un ou plusieurs permis de pêche délivrés au particulier par le gouvernement du Canada. Pour l’application de la présente définition, le Canada comprend la zone extracôtière visée par règlement dont il est question à la définition de pourcentage déterminé; (qualified property) bien admissible de petite entreprise [Abrogée, 1996, ch. 21, art. 30] bien certifié Relativement à un contribuable, bien à l’exclusion d’un bien d’ouvrage éprouvé visé à l’alinéa a) ou b) de la définition de bien admissible de petite entreprise et qui remplit les conditions suivantes : a) il a été acquis par le contribuable : (i) après le 28 octobre 1980 et : (A) soit avant 1987, (B) soit avant 1988, si le bien est : (I) ou bien un bâtiment en construction avant 1987, (II) ou bien une machine ou du matériel que le contribuable a commandé par écrit avant 1987, (ii) après 1986 et avant 1989, sauf s’il s’agit d’un bien visé au sous-alinéa (i), (iii) après 1988 et avant 1995, (iv) après 1994 et avant 1996, si, à la fois : (A) le bien a été acquis par le contribuable pour utilisation dans le cadre d’un ouvrage, en construction par le contribuable ou pour son compte, qui était fort avancé, documents à l’appui, avant le 22 février 1994, (B) la construction de l’ouvrage commence avant 1995, Income Tax PART I Income Tax DIVISION B Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
(B) digging test pits (other than for the purpose of carrying out specified sampling), and (C) preliminary sampling (other than specified sampling), (v) après 1994, si le bien, selon le cas : (A) est acquis par le contribuable en conformité avec une convention d’achat-vente qu’il a conclue avant le 22 février 1994, (B) était en construction par le contribuable, ou pour son compte, le 22 février 1994, (C) est une machine ou du matériel qui sera fixé à un bien qui était en construction par le contribuable, ou pour son compte, le 22 février 1994, et en fera partie intégrante, et avant cette acquisition, il n’a été utilisé à aucune fin ni acquis pour être utilisé ou loué à quelque fin que ce soit; bi fait partie d’un établissement défini pour l’application de la Loi sur les subventions au développement régional, chapitre R-3 des Statuts révisés du Canada de 1970, et il a été acquis principalement pour être utilisé par le contribuable dans une région visée par règlement. (certified property) bien déterminé [Abrogée, 2017, ch. 20, art. 23] bien d’un ouvrage approuvé [Abrogée, 1996, ch. 21, art. 30] bien minier admissible Relativement à un contribuable, bien — bâtiment, machine ou matériel visés par règlement — qui est acquis par le contribuable après le 28 mars 2012, qui n’a pas été utilisé, ni acquis pour être utilisé ou loué, à quelque fin que ce soit avant son acquisition par le contribuable et qui est destiné : a) soit à être utilisé par le contribuable au Canada principalement à l’une des fins suivantes : (i) l’exploitation d’un puits de pétrole ou de gaz ou l’extraction de pétrole ou de gaz naturel d’un gisement naturel de pétrole ou de gaz naturel, (ii) l’extraction de minéraux d’une ressource minérale, (iii) la transformation des minerais suivants : (A) les minerais tirés de ressources minérales, à l’exclusion du minerai de fer et du minerai de sables asphaltiques, jusqu’à un stade ne dépassant pas celui du métal primaire ou son équivalent, (B) digging test pits (other than digging test pits for the purpose of carrying out specified sampling), and (B) le minerai de fer tiré de ressources minérales jusqu’à un stade ne dépassant pas celui de la boulette ou son équivalent, (C) le minerai de sables asphaltitiques tiré de ressources minérales jusqu’à un stade ne dépassant pas celui du pétrole brut ou son équivalent, (iv) la production de minéraux industriels, (v) la transformation du pétrole brut lourd extrait d’un réservoir naturel situé au Canada jusqu’à un stade ne dépassant pas celui du pétrole brut ou son équivalent, (vi) le traitement préliminaire au Canada, (vii) l’exploration ou le forage en vue de découvrir du pétrole ou du gaz naturel, (viii) la prospection ou l’exploration en vue de découvrir ou de mettre en valeur une ressource minérale rare; b) soit a été donné en location pour le contribuable à une fin (à l’exclusion d’une personne avec qui il a un lien de dépendance) qui est raisonnable dans les circonstances et qui est directement liée à l’exploitation de l’entreprise principale de la présente partie) dont il est raisonnable de s’attendre à ce qu’il utilise bien au Canada principalement à l’une ou plusieurs des fins visées à l’alinéa a); toutefois, le présent alinéa ne s’applique aux machines et matériel visés par règlement que si, selon le cas : (i) le bien est donné en location dans le cours normal de l’exploitation d’une entreprise au Canada par une société dont l’entreprise principale consiste à louer des biens, à prêter de l’argent ou à acheter des contrats de vente conditionnelle, des comptes clients, des contrats de vente, des créances hypothécaires mobilières, des lettres de change ou d’autres créances qui représentent tout ou partie du prix de vente de marchandises et de services, ou consiste en plusieurs de ces activités, (ii) le bien est fabriqué et donné en location dans le cours normal de l’exploitation d’une entreprise au Canada par une société dont l’entreprise principale consiste à fabriquer des biens qu’elle vend ou loue, (iii) le bien est loué dans le cours normal de l’exploitation d’une entreprise au Canada par une société dont l’entreprise principale consiste à vendre ou à entretenir des biens de ce type. Pour l’application de la présente définition, Canada comprend la zone extracôtière qui est visée par règlement Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
(C) preliminary sampling (other than specified sampling), pour l’application de la définition de pourcentage déterminé. (qualified resource property) Cap-Breton L’île du Cap-Breton et la partie de la province de la Nouvelle-Écosse délimitée comme suit : à partir du point situé sur la côte sud-ouest de la baie Chedabucto près de Red Head qui se trouve à S70 [degrés] E (ligne d’abscisse constante de la Nouvelle-Écosse) de la station géodésique Sand; vers le sud-ouest, jusqu’au point, situé à treize milles nord-ouest de la route 344, qui se trouve à 240 [degrés] sud-ouest de l’intersection de King Brook et de cette limite; de là, vers le nord-ouest, jusqu’au repère de la Couronne 6678, puis jusqu’au repère de la Couronne 6679, puis jusqu’au repère de la Couronne 6680, puis jusqu’au repère de la Couronne 6681, puis jusqu’au repère de la Couronne 6632, puis jusqu’au repère de la Couronne 6660; de là, vers le nord, jusqu’au repère de la Couronne 8575, puis jusqu’au repère de la Couronne 6599, puis jusqu’au repère de la Couronne 6660; de là, le long de cette limite de comté, vers le nord-est, jusqu’à la limite du comté d’Antigonish-Guysborough; de là, le long de cette limite de comté, vers le nord-est, jusqu’à la côte sud-ouest du détroit de Canso; de là, le long de la côte sud-ouest du détroit de Canso et de la côte nord-ouest de la baie Chedabucto, vers le sud-est, jusqu’au point de départ. (Cape Breton) compte de dépenses admissibles de recherche et de développement Quant à un contribuable à la fin d’une année d’imposition, le résultat du calcul suivant : A + B + C où : A représente le total des montants représentant chacun une dépense admissible que le contribuable a engagée au cours de l’année; B le total des montants représentant chacun un montant déterminé selon l’alinéa (13e) pour l’année quant au contribuable, alloué tel qu’il présente au ministre un formulaire prescrit contenant les renseignements précisés au plus tard douze mois après la date d’échéance de production qui lui est applicable pour l’année; C le total des montants représentant chacun un montant déterminé selon l’alinéa (13d) pour l’année quant au contribuable. (SR&ED qualified expenditure pool) Income Tax PART I Income Tax DIVISION C Rules Applicable to all Taxpayers SUBDIVISION C Rules Applicable to all Taxpayers
(a.5) [Repealed, 2017, c. 20, s. 23] (d) [Repealed, 2006, c. 4, s. 75] Impôt sur le revenu
contribuable admissible L’une des entités suivantes : a) une société autre qu’une société non admissible; b) un particulier autre qu’une fiducie; c) une fiducie dont l’ensemble des bénéficiaires sont des contribuables admissibles; d) une société de personnes dont l’ensemble des associés sont des contribuables admissibles. Pour l’application de la présente définition, est bénéficiaire d’une fiducie la personne ou la société de personnes qui a un droit de bénéficiaire dans la fiducie. crédit annuel maximal d’impôt à l’investissement [Abrogé, 1994, ch. 8, art. 15] crédit d’impôt à l’investissement Le crédit d’impôt à l’investissement d’un contribuable à la fin d’une année d’imposition correspond à l’excédent éventuel du total des montants suivants : a) 15 % de l’excédent du compte de dépenses admissibles de recherche et de développement du contribuable à la fin de l’année sur le total des montants représentant chacun l’avantage relatif à la surdéduction pour l’année relativement au contribuable et à une province; a.1) 15 % de la partie des dépenses admissibles de recherche et de développement du contribuable, à la fin de l’année, qui est attribuable à un bien admissible ou d’un bien minier admissible qu’il a acquis au cours de l’année; a.21) si le contribuable est un particulier (sauf une fiducie), 30 % de ses dépenses minières de minéral critique déterminées pour l’année; a.3) si le contribuable est une société canadienne imposable, le total des montants suivants : (i) la somme qui correspond au pourcentage déterminé de la partie de sa dépense minière préparatoire qui est visée au sous-alinéa a)(i) de la définition de dépense minière préparatoire, (ii) la somme qui correspond au pourcentage déterminé de la partie de sa dépense minière préparatoire qui est visée au sous-alinéa a)(ii) de cette définition; Income Tax PART I Income Tax DIVISION C Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
(vii) [Repealed, 2017, c. 20, s. 23] Impôt sur le revenu
a.4) le total des sommes représentant chacune une dépense d’apprentissage du contribuable pour l’année relativement à un apprenti admissible; a.5) [Abrogé, 2017, ch. 20, art. 23] b) l’ensemble des montants à ajouter, en vertu du paragraphe (7) ou (8), dans le calcul de son crédit d’impôt à l’investissement à la fin de l’année; c) l’ensemble des montants représentant chacun la somme déterminée selon l’un des alinéas a) à b) relativement au contribuable pour l’une des 10 années d’imposition précédentes ou des 3 années d’imposition suivantes; d) [Abrogé, 2006, ch. 4, art. 75] e) l’ensemble des montants dont chacun représente un montant à ajouter, en vertu du paragraphe (10.1), dans le calcul de son crédit d’impôt à l’investissement à la fin de l’année ou d’une des 10 années d’imposition précédentes ou des 3 années d’imposition suivantes; e.1) l’ensemble des montants représentant chacun la somme déterminée à partir de la part d’un remboursement fait par le contribuable au cours de l’année ou de l’une des 10 années d’imposition précédentes ou des 3 années d’imposition suivantes, qu’il est raisonnable de considérer comme le remboursement d’une aide gouvernementale, d’une aide non gouvernementale ou d’un paiement contractuel, qui a réduit, selon le cas : (i) le coût en capital d’un bien pour lui selon l’alinéa (11.1)b), (ii) le montant d’une dépense admissible qu’il a engagée en vertu de l’alinéa (11.1)e) pour les années d’imposition qui ont commencé avant 1996, (iii) le montant de remplacement visé par règlement qui lui est applicable selon l’alinéa (11.1)f) pour les années d’imposition qui ont commencé avant 1996, (iv) une dépense admissible qu’il a engagée selon l’un des paragraphes (18) à (20), (v) le montant des dépenses minières préparatoires du contribuable en vertu de l’alinéa (11.1)c.3), (vi) le montant de traitement et salaire admissibles payable par le contribuable à un apprenti admissible en vertu de l’alinéa (11.1)c.4), dans la mesure où cette réduction a eu pour effet de diminuer le montant de la dépense d’apprentissage du contribuable; Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
(ii) [Repealed, 1996, c. 21, s. 30] (ii) [Repealed, 1996, c. 21, s. 30] (vii) [Abrogé, 2017, ch. 20, art. 23] e.2) l’ensemble des montants représentant chacun le pourcentage déterminé du quart de la partie d’un remboursement fait par le contribuable au cours de l’année ou d’une des 10 années d’imposition précédentes ou des 3 années d’imposition suivantes, qu’il est raisonnable de considérer comme le remboursement d’une aide gouvernementale, d’une aide non remboursable ou d’un paiement contractuel, qui a réduit l’un des montants suivants relativement à du matériel à vocations multiples de première période ou du matériel à vocations multiples de deuxième période : (i) le montant d’une dépense admissible qu’il a engagée selon l’alinéa (11.1)e) pour les années d’imposition qui ont commencé avant 1996, (ii) une dépense admissible qu’il a engagée selon l’un des paragraphes (18) à (20); à cette fin, le remboursement fait par le contribuable au cours d’une année d’imposition précédant la première année d’imposition qui est terminée après le début du mouvement à la deuxième période relativement à du matériel à vocations multiples de deuxième période, respectivement, est réputé avoir été engagé par lui au cours de cette première année d’imposition, sur le total des montants suivants : f) l’ensemble des montants représentant chacun un montant déduit en application du paragraphe (5) de l’impôt payable par le contribuable en vertu de la présente partie pour une année d’imposition antérieure relativement soit à un bien acquis, ou à une dépense engagée, au cours de l’année ou d’une des 10 années d’imposition précédentes ou des 2 années d’imposition suivantes, soit au compte de dépenses admissibles de recherche scientifique et développement expérimental du contribuable à la fin d’une telle année; g) l’ensemble des montants dont chacun représente un montant à déduire, en vertu du paragraphe (6), dans le calcul de son crédit d’impôt à l’investissement : (i) soit à la fin de l’année, (ii) [Abrogé, 1996, ch. 21, art. 30] (iii) soit à la fin d’une des 9 années d’imposition précédentes ou des 3 années d’imposition suivantes; h) l’ensemble des montants dont chacun représente un montant à déduire, en vertu du paragraphe (7), dans le calcul de son crédit d’impôt à l’investissement : (i) soit à la fin de l’année, (ii) [Abrogé, 1996, ch. 21, art. 30] (iii) soit à la fin d’une des 10 années d’imposition précédentes ou des 3 années d’imposition suivantes; i) l’ensemble des montants dont chacun représente un montant que le contribuable a déduit, en vertu du sous-alinéa 192(2)a)(ii), pour l’année ou une des années d’imposition antérieures, relativement à un bien acquis, ou à une dépense engagée, au cours de l’année ou de l’une des 10 années d’imposition précédentes; j) si le contribuable est assujetti à un fait lié à la restriction de pertes à un moment antérieur à la fin de l’année, le moment calculé à son égard selon le paragraphe (9.1); k) si le contribuable est assujetti à un fait lié à la restriction de pertes à un moment postérieur à la fin de l’année, le moment calculé à son égard selon le paragraphe (9.2). Toutefois aucun montant n’est inclus dans le total calculé selon l’un des alinéas a) à e.2) au titre d’une dépense qui, s’il n’était pas tenu compte des paragraphes (2) et 78(4), serait engagée ou effectuée par le contribuable en vue de gagner un revenu au cours d’une année d’imposition, et aucun montant n’est ajouté, aux termes de l’alinéa b), dans le calcul du crédit d’impôt à l’investissement du contribuable à la fin d’une année d’imposition au titre d’une dépense engagée ou effectuée par le contribuable ou une société de personnes en vue de gagner un revenu, si, selon le cas : l) le revenu, en tout ou en partie, est un revenu exonéré ou est exonéré de l’impôt prévu par la présente partie; m) le contribuable ne présente pas au ministre un formulaire prescrit contenant les renseignements prescrits relativement au montant au plus tard le jour qui suit d’une année la date d’échéance de production de la déclaration qui lui est applicable pour l’année en question. (investment tax credit) dépense admissible Dépense engagée par un contribuable au cours d’une année d’imposition qui représente : Income Tax PART I Income Tax DIVISION C Rules Applicable to all Taxpayers SUBDIVISION C Rules Applicable to all Taxpayers
qualified Canadian exploration expenditure [Repealed, 1996, c. 21, s. 30] Impôt sur le revenu
a) soit une dépense relative à des activités de recherche scientifique et de développement expérimental qui, selon le cas : (i) est visée au sous-alinéa 37(1)a)(i), (ii) représente 80 % d’une dépense visée à l’un des sous-alinéas 37(1)a)(i.01) à (iii), (iii) et (iv) [Abrogés, 2012, ch. 31, art. 27] b) soit un montant de remplacement visé par règlement applicable au contribuable pour l’année. Ne sont pas des dépenses admissibles : c) une dépense prévue par le contribuable à engager au cours de l’année; d) si le contribuable est une société, une dépense qu’il a indiquée, pour l’application de la division 194(2)a)(ii)(A), dans sa déclaration de revenu produite en vertu de la partie I pour l’année; e) [Abrogé, 1998, ch. 19, art. 11] f) une dépense, sauf celle qui représente le salaire ou le traitement de son employé, que le contribuable a engagée relativement à des activités de recherche scientifique et de développement expérimental, dans la mesure où ces activités sont exercées par une autre personne ou société de personnes à un moment où le contribuable et la personne ou la société de personnes à qui la dépense est payée ou payable ont entre eux un lien de dépendance; g) une dépense visée à l’alinéa 37(1)a), à l’exception d’une dépense relative à des activités de recherche scientifique et de développement expérimental que le contribuable exerce directement, et qui est payée ou payable par le contribuable à une personne ou une société de personnes qui n’est pas un fournisseur imposable pour ce qui est de la dépense, ou pour le compte d’une telle personne ou société de personnes; h) un montant qui représenterait par ailleurs une dépense admissible que le contribuable a engagée au cours de l’année, jusqu’à concurrence de la somme qui est applicable en réduction de ce montant aux termes des paragraphes (18) à (20). (qualified expenditure) dépense admissible d’exploration au Canada [Abrogée, 1996, ch. 21, art. 30] dépense admissible relative à une place en garderie [Abrogée, 2017, ch. 20, art. 23] qualified construction equipment [Repealed, 1996, c. 21, s. 30] (iii) and (iv) [Repealed, 2012, c. 31, s. 27] (d) where the taxpayer is a corporation, an expenditure specified by the taxpayer for the year for the purpose of clause 194(2)(a)(ii)(A), (e) [Repealed, 1998, c. 19, s. 33] dépense d’apprentissage La dépense d’apprentissage d’un contribuable pour une année d’imposition relativement à un apprenti admissible correspond à la moins élevée des sommes suivantes : a) 2 000 $; b) 10 % des traitements et salaires admissibles payables par le contribuable au cours de l’année à l’apprenti admissible au titre de l’emploi que celui-ci occupe auprès du contribuable, au cours de l’année et après le 1er mai 2006, dans le cadre d’une entreprise que le contribuable exploite au Canada au cours de l’année. (apprenticeship expenditure) dépense de démarrage déterminée pour la garde d’enfants [Abrogée, 2017, ch. 20, art. 23] dépense minière de minéral critique déterminée Dépense réputée engagée par un contribuable au cours d’une année d’imposition en vertu du paragraphe 66(12.6) (ou du paragraphe 66(18) pour une société de personnes, au paragraphe 66(12.61) à l’égard de la présente définition), en conformité avec les dispositions suivantes : a) elle représente des frais d’exploration au Canada engagés par une société après le 7 avril 2022 dans le cadre d’activités d’exploration minière effectuées à partir ou au-dessus de la surface terrestre ciblant principalement des minéraux critiques; b) il s’agit d’une dépense qui, à la fois : (i) est visée à l’alinéa f) de la définition de frais d’exploration au Canada au paragraphe 66.1(6), (ii) n’a pas trait aux opérations suivantes : (A) le creusage de tranchées en vue d’effectuer notamment un échantillonnage préliminaire (autre que l’échantillonnage déterminé), (B) le creusage de trous d’exploration (sauf le creusage de tels trous en vue d’effectuer un échantillonnage déterminé), (C) l’échantillonnage préliminaire (autre que l’échantillonnage déterminé); c) elle fait l’objet d’une renonciation conformément au paragraphe 66(12.6) par la société en faveur du contribuable (ou d’une société de personnes dont il est un associé) aux termes d’une convention mentionnée à ce paragraphe conclue après le 7 avril 2022 et au plus tard le 31 mars 2027; (ii) if there is no professional association in the jurisdiction described in subparagraph (i), a jurisdiction in Canada where a professional association regulates the profession of engineering or geoscience; (ingénieur ou géoscientifique professionnel qualifié) (iii) logging, (d) elle n’est pas une dépense à laquelle il a été renoncé en application du paragraphe 66(12.6) en faveur de la société (ou d’une société de personnes dont elle est un associé), sauf si la renonciation a été effectuée aux termes d’une convention mentionnée à ce paragraphe conclue après le 7 avril 2022 et au plus tard le 31 mars 2027; e) il s’agit d’une dépense, relativement à une convention visée à l’alinéa c), pour laquelle un ingénieur ou un géoscientifique professionnel qualifié atteste selon le formulaire prescrit et les modalités prescrites qu’elle est engagée conformément à un plan d’exploration qui cible principalement les minéraux critiques, si l’ingénieur ou le géoscientifique professionnel qualifié a, à la fois : (i) produit l’attestation au cours des douze mois précédant le moment de la conclusion de la convention, (ii) agi raisonnablement, en sa qualité professionnelle, en complétant l’attestation; f) elle ne représente pas une dépense que le contribuable a incluse en vertu de l’alinéa a.2) de la définition de crédit d’impôt à l’investissement à l’égard duquel il a, à un moment donné, demandé une déduction en application du paragraphe (5). (flow-through critical mineral mining expenditure) dépense minière déterminée Dépense réputée engagée par un contribuable au cours d’une année d’imposition en vertu du paragraphe 66(12.61) (ou du paragraphe 66(12.61) par suite de l’application du paragraphe 66.1(6)) à la société de personnes, visée à l’alinéa c) de la présente définition, dont le contribuable est un associé) qui répond aux conditions suivantes : a) elle représente des frais d’exploration au Canada engagés par une société après mars 2024 et avant 2026 (étant entendu que ces frais comprennent ceux qui sont réputés par l’application du paragraphe 66.1(6) être engagés avant 2026) dans le cadre d’activités d’exploration minière effectuées à la surface ou au-dessus de la surface terrestre en vue de déterminer l’existence, la localisation, l’étendue ou la qualité de matières minérales visées aux alinéas a) ou b) de la définition de matières minérales au paragraphe 248(1); b) il s’agit d’une dépense qui, à la fois : (i) est visée à l’alinéa f) de la définition de frais d’exploration au Canada au paragraphe 66.1(6), Income Tax PART I Income Tax DIVISION C Rules Applicable to all Taxpayers
(iv) storing grain, or (v) harvesting peat, (vi) to (xiii) [Repealed, 2012, c. 31, s. 27] (ii) n’a pas trait aux opérations suivantes : (A) le creusage de tranchées en vue d’effectuer notamment un échantillonnage préliminaire (autre que l’échantillonnage déterminé), (B) le creusage de trous d’exploration (sauf le creusage de tels trous en vue d’effectuer un échantillonnage déterminé), (C) l’échantillonnage préliminaire (autre que l’échantillonnage déterminé); e) elle fait l’objet d’une renonciation conformément au paragraphe 66(12.6) par la société en faveur du contribuable (ou d’une société de personnes dont il est un associé) aux termes d’une convention mentionnée à ce paragraphe conclue après mars 2024 et avant avril 2025; d) elle n’est pas une dépense à laquelle il a été renoncé en application du paragraphe 66(12.6) en faveur de la société (ou d’une société de personnes dont elle est un associé), sauf si la renonciation a été effectuée en raison d’une convention mentionnée à ce paragraphe conclue après mars 2024 et avant avril 2025; e) elle ne représente pas une dépense que le contribuable a incluse en vertu de l’alinéa a.21) de la définition de crédit d’impôt à l’investissement dans le calcul de son crédit d’impôt à l’investissement à l’égard duquel il a, à un moment donné, demandé une déduction en application du paragraphe (5); (flow-through mining expenditure) dépense minière préparatoire En ce qui concerne une société canadienne imposable pour une année d’imposition, le total des sommes représentant chacune une dépense engagée par la société au cours de l’année, mais après 2002, qui : a) d’une part, constitue des frais d’exploration au Canada et, selon le cas : (i) serait visée à l’alinéa f) de la définition de frais d’exploration au Canada au paragraphe 66.1(6) si le terme « ressource minérale » à cet alinéa désignait un gisement minéral dont le principal minerai extrait est le diamant, un gisement de métal de base ou de métal précieux ou un gisement minéral dont le principal minerai extrait est un minéral industriel qui, une fois raffiné, donne un métal de base ou un métal précieux, Income Tax PART I Income Tax DIVISION C Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
(iii) processing (iv) producing industrial minerals, (vii) exploring or drilling for petroleum or natural gas, or (viii) prospecting or exploring for or developing a mineral resource, or (ii) serait visée aux alinéas g), g.3) ou g.4) de la définition de frais d’exploration au Canada au paragraphe 66.1(6) mais non à l’alinéa f) de cette définition, si le terme « ressource minérale » à l’alinéa g) de cette même définition s’entendait d’un gisement minéral dont le principal minéral extrait est un diamant, d’un gisement de métal de base ou de métal précieux ou d’un gisement minéral dont le principal minéral extrait est un minéral industriel qui, une fois raffiné, donne un métal de base ou un métal précieux; b) d’autre part, n’est pas : (i) une dépense à laquelle il a été renoncé aux termes du paragraphe 66(12.6) en faveur de la société, sauf si celle-ci est, à la date d’entrée en vigueur de la renonciation, à la fois : (A) une société qui serait une société exploitant une entreprise principale, au sens du paragraphe 66(15), si l’état n’est pas tenu compte des alinéas a), a.1), h) et i) de cette définition, (B) l’unique actionnaire de la société ayant renoncé à la dépense, (ii) une dépense qui représente la part d’un associé d’une dépense engagée par une société de personnes, sauf dans le cas où une dépense est réputée, en vertu du paragraphe 66(18), avoir été effectuée ou engagée par l’associé à la fin de l’exercice de la société de personnes et où, tout au long de l’exercice de celle-ci au cours duquel la dépense a été engagée : (A) d’une part, chaque associé de la société de personnes serait autrement qu’en raison de sa qualité d’associé de la société de personnes) une société exploitant une entreprise principale, au sens du paragraphe 66(15), si l’état n’est pas tenu compte des alinéas a), a.1), h) et i) de cette définition, (B) d’autre part, la société est un associé de la société de personnes au moment où la dépense est engagée et serait une société exploitant une entreprise principale, au sens du paragraphe 66(15), si l’état n’est pas tenu compte du sous-alinéa b)(ii) de la définition de associé déterminé au paragraphe 248(1). (pre-production mining expenditure) échantillonnage déterminé La collecte et la mise à l’essai d’échantillons relatifs à une ressource minérale, à l’exclusion : and, for the purpose of this definition, “Canada” includes the offshore region prescribed for the purpose of the definition specified percentage; (bien minier admissible) qualified small-business property [Repealed, 1996, c. 21, s. 30] qualified transportation equipment [Repealed, 1996, c. 21, s. 30] specified child care start-up expenditure [Repealed, 2017, c. 20, s. 23] specified percentage means (a) in respect of a qualified property a) de la collecte ou de la mise à l’essai d’un échantillon qui, au moment de sa collecte, pèse plus de 1 tonnes; b) de la collecte ou de la mise à l’essai d’un échantillon recueilli relativement à une ressource minérale donnée à un moment d’une année civile, si le poids total de l’ensemble des échantillons recueillis par une personne ou une société de personnes, ou par toute combinaison de personnes et de sociétés de personnes, au cours de la période de l’année qui est antérieure à ce moment (à l’exception des échantillons pesant chacun moins d’une tonne) excède 1 000 tonnes. (specified sampling) fournisseur imposable Pour ce qui est d’un montant : a) personne qui réside au Canada ou société de personnes canadienne; b) personne non-résidente, ou société de personnes qui n’est pas une société de personnes canadienne, pour un montant établi payable dans le cadre de l’exploitation d’une entreprise par l’intermédiaire d’un établissement stable, au sens du Règlement de l’impôt sur le revenu, au Canada, ou qui est pour lequel le montant était à recevoir dans le cadre de l’exploitation d’une telle entreprise au Canada. (taxable supplier) ingénieur ou géoscientifique professionnel qualifié S’entend d’un particulier qui possède les qualifications suivantes : a) il est un ingénieur ou un géoscientifique ayant obtenu un diplôme universitaire ou une accréditation équivalente dans un domaine des sciences de la Terre ou de l’ingénierie qui se rapporte à l’exploration minérale ou à l’exploitation minière; b) il compte au moins cinq ans d’expérience dans le domaine de l’exploration minérale, du développement de l’exploitation des mines, ou de l’évaluation de projets miniers, ou dans une combinaison de ces domaines, liée à son domaine de spécialisation au moment de l’exercice; c) il a une expérience pertinente à l’objet du plan d’exploration et à l’attestation visée à l’alinéa e) de la définition de dépense minière de minéral critique déterminée; d) il est membre en règle d’une association professionnelle qui a l’autorité ou la reconnaissance par la loi d’une juridiction au Canada de réglementer la profession d’ingénieur ou de géoscientifique : (i) soit dans la juridiction où se trouve le bien qui est le sujet du plan d’exploration, Income Tax PART I Income Tax DIVISION C Rules Applicable to all Taxpayers SUBDIVISION C Rules Applicable to all Taxpayers
(ii) soit dans une juridiction au Canada où une association professionnelle réglemente la profession d’ingénieur ou de géoscientifique, s’il n’a pas une telle association dans la juridiction visée au sous-alinéa (i). (qualified professional engineer or professional geoscientist) matériel à vocations multiples de deuxième période Bien d’un contribuable qui était du matériel à vocations multiples de première période continuant de l’être et qu’il utilise, pendant le temps d’exploitation du bien et au cours de la période (appelée « deuxième période » au présent paragraphe et au paragraphe (11.1)) commençant au moment de l’acquisition du bien par lui et se terminant à la fin de sa première année d’imposition qui prend fin au moins douze mois après ce moment, principalement dans le cadre d’activités de recherche scientifique et de développement expérimental au Canada. En est exclu le mobilier ou l’équipement de bureau de nature générale. (first term shared-use-equipment) matériel à vocations multiples de première période Bien amortissable d’un contribuable, sauf un bien amortissable visé par règlement, acquis avant 2014, qu’il utilise pendant le temps d’exploitation du bien et au cours de la période (appelée « première période » au présent paragraphe et au paragraphe (11.1)) commençant au moment où il a acquis le bien et se terminant à la fin de sa première année d’imposition qui prend fin au moins douze mois après ce moment, principalement dans le cadre d’activités de recherche scientifique et de développement expérimental au Canada. En est exclu le mobilier ou l’équipement de bureau de nature générale. (first term shared-use-equipment) matériel de construction admissible [Abrogée, 1996, ch. 21, art. 30] matériel de transport admissible [Abrogée, 1996, ch. 21, art. 30] minéral critique s’entend : a) du cuivre; b) du nickel; c) du lithium; d) du cobalt; e) du graphite; f) d’un élément des terres rares; g) du scandium; h) du titane; Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
i) du gallium; j) du vanadium; k) du tellure; l) du magnésium; m) du zinc; n) d’un métal du groupe du platine; o) de l’uranium. (critical mineral) ouvrage approuvé Ouvrage dont les biens amortissables ont un coût en capital total, calculé compte tenu du paragraphe 13(7.1) ou (7.4), d’au moins 25 000 $ et qui, sur demande écrite faite avant juillet 1988, est approuvé par le membre du Conseil privé de la Reine pour le Canada chargé par le gouverneur en conseil de l’application de la présente définition relativement aux ouvrages dans la région désignée visée au sous-alinéa c)(i). (approved project) paiement contractuel a) Montant payé ou payable à un contribuable, par un fournisseur imposable pour ce qui est de ce montant, pour des activités de recherche scientifique et de développement expérimental, dans la mesure où elles sont exercées, à la fois : (i) pour une personne ou une société de personnes qui a droit à une déduction au titre du montant par l’effet des sous-alinéas 37(1)a)(i.1) ou (i.1), ou pour son compte, (ii) à un moment où le contribuable n’a aucun lien de dépendance avec la personne ou la société de personnes visée au sous-alinéa (i); b) montant relatif à une dépense de nature courante, au sens de l’alinéa 37(8)d), d’un contribuable, à l’exception d’un montant prescrit, payable par le gouvernement fédéral, une administration provinciale, une municipalité ou une autre administration canadienne ou par une personne exonérée, par l’effet de l’article 149, de l’impôt prévu par la présente partie sur tout ou partie de son revenu imposable, pour des activités de recherche scientifique et de développement expérimental à exercer pour une telle administration ou personne ou pour son compte. (contract payment) péninsule de Gaspé La partie de la Gaspésie, dans la province de Québec, qui s’étend jusqu’à la limite ouest du comté de Kamouraska, y compris les Îles de la Madeleine. (Gaspé Peninsula) or (iii) in any other case, (i) before 1987, 7%, (iii) in 1988, 3%, (i) before 1987, 7%, (iii) in 1988, 3%, (d) in respect of certified property phase Phase d’un projet d’un contribuable qui consiste en un élargissement distinct de la capacité d’extraction, de traitement, de transformation ou de production du projet au-delà de tout niveau atteint avant le 29 mars 2012, lequel élargissement correspond à l’intention manifeste du contribuable immédiatement avant cette date. (phase) pourcentage déterminé Le pourcentage déterminé correspond aux pourcentages suivants : a) dans le cas d’un bien admissible : (i) acquis avant avril 1977, 5 %, (ii) acquis après le 31 mars 1977 mais avant le 17 novembre 1978 inclusivement : (A) dans les provinces de la Nouvelle-Écosse, du Nouveau-Brunswick, de l’Île-du-Prince-Édouard ou de Terre-Neuve ou dans la péninsule de Gaspé, 10 %, (B) dans une région désignée visée par règlement, 7 1/2 %, (iii) acquis dans les autres régions du Canada, 5 %, (iv) acquis principalement pour être utilisés dans les provinces de la Nouvelle-Écosse, du Nouveau-Brunswick, de l’Île-du-Prince-Édouard ou de Terre-Neuve ou dans la péninsule de Gaspé : (A) après le 16 novembre 1978 et avant 1989, 20 %, (B) après 1988 et avant 1995, 15 %, (C) après 1994, 15 % si le bien, selon le cas : (I) est acquis par le contribuable en conformité avec une convention écrite d’achat-vente qu’il a conclue avant le 22 février 1994, (II) était en construction par le contribuable, ou pour son compte, le 22 février 1994, (III) est une machine ou du matériel qui sera fixé à un bien qui était en construction par le contribuable, ou pour son compte, le 22 février 1994, et en fera partie intégrante, (D) après 1994, 10 % s’il s’agit d’un bien auquel la division (C) ne s’applique pas, (iv) acquis après le 16 novembre 1978 mais avant le 26 février 1986 pour être utilisé principalement dans une zone extracôtière visée par règlement, 7 %, (v) acquis principalement pour être utilisé dans une zone extracôtière visée par règlement : (A) après le 25 février 1986 et avant 1989, 20 %, (B) après 1988 et avant 1995, 15 %, (C) après 1994, 15 % si le bien, selon le cas : (I) est acquis par le contribuable en conformité avec une convention écrite d'achat-vente qu'il a conclue avant le 22 février 1994, (II) était en construction par le contribuable, ou pour son compte, le 22 février 1994, (III) est une machine ou du matériel qui sera fixé à un bien qui était en construction par le contribuable, ou pour son compte, le 22 février 1994, et en fera partie intégrante, (D) après 1994, 10 % s'il s'agit d'un bien auquel la division (C) ne s'applique pas, (vi) acquis pour être utilisé principalement dans une région désignée visée par règlement : (A) après le 16 novembre 1978 et avant 1987, 10 %, (B) en 1987, 7 %, (C) en 1988, 3 %, (D) après 1988, zéro, (vii) acquis pour être utilisé principalement au Canada — sauf s'il s'agit d'un bien visé au sous-alinéa (iii), (iv), (v) ou (vi) — : (A) après le 16 novembre 1978 et avant 1987, 7 %, (B) en 1987, 5 %, (C) en 1988, 3 %, (D) après 1988, zéro; a.1) dans le cas d’un bien minier admissible acquis par un contribuable principalement pour être utilisé en Nouvelle-Écosse, au Nouveau-Brunswick, à l’Île-du-Prince-Édouard, à Terre-Neuve-et-Labrador, dans la péninsule de Gaspé ou dans la zone extracôtière visée par règlement, qui est acquis : (ii) the amount of eligible salary and wages payable (by the taxpayer) to an eligible apprentice under paragraph (11.1)(c.4), 10%, (i) après le 28 mars 2012 et avant 2014, 10 %, (ii) après 2013 et avant 2017, 10 % si le bien, selon le cas : (A) est acquis par le contribuable en conformité avec une convention écrite d’achat-vente qu’il a conclue avant le 29 mars 2012, (B) est acquis dans le cadre d’une phase de projet à laquelle l’un des énoncés ci-après s’applique : (I) la construction de la phase a été entreprise par le contribuable, ou pour son compte, avant le 29 mars 2012 (à cette fin, ne sont pas des travaux de construction l’obtention des permis ou des autorisations réglementaires, les évaluations environnementales, la consultation des collectivités, les études sur les répercussions et les avantages et les activités semblables), (II) les travaux de conception et d’ingénierie pour cette phase de la phase, documentés à l’appui, ont été entrepris par le contribuable, ou pour son compte, avant le 29 mars 2012 (à cette fin, ne sont pas des travaux de conception et d’ingénierie l’obtention des permis ou des autorisations réglementaires, les évaluations environnementales, la consultation des collectivités, les études sur les répercussions et les avantages et les activités semblables), (iii) dans les autres cas : (A) en 2014 et en 2015, 5 %, (B) après 2015, 0 %; b) dans le cas de matériel de transport admissible acquis : (i) avant 1987, 7 %, (ii) en 1987, 5 %, (iii) en 1988, 3 %; c) dans le cas de matériel de construction admissible acquis : (i) avant 1987, 7 %, (ii) en 1987, 5 %, (iii) en 1988, 3 %. Income Tax PART I Income Tax DIVISION C Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
(iii) [Repealed, 2017, c. 20, s. 23] (i) before 2013, 10%, (i) before 2014, 10%, Impôt sur le revenu
d) dans le cas de biens certifiés : (i) s’ils sont visés au sous-alinéa a)(i) de la définition de bien certifié au présent paragraphe, 50 %, (ii) s’ils sont visés au sous-alinéa a)(ii) de cette définition, 40 %, (iii) dans les autres cas, 30 %; e) dans le cas d’une dépense admissible : (i) faite après le 31 mars 1977 mais avant le 17 novembre 1978 pour des activités de recherche scientifique ou de développement expérimental effectuée : (A) dans les provinces de la Nouvelle-Écosse, du Nouveau-Brunswick, de l’Île-du-Prince-Édouard ou de Terre-Neuve ou dans la péninsule de Gaspé, 10 %, (B) dans une région désignée visée par règlement, 7 1/2 %, (C) dans les autres régions du Canada, 5 %, (ii) faite par un contribuable après le 16 novembre 1978 mais avant le début de son année d’imposition qui comprend le 1er novembre 1983 ou faite par lui au cours de l’année d’imposition qui comprend cette dernière date ou au cours d’une année d’imposition ultérieure, s’il a déduit un montant en vertu de l’article 37.1 dans le calcul de son revenu pour l’année : (A) lorsque la dépense a été faite par une société privée sous contrôle canadien au cours d’une année d’imposition de la société au cours de laquelle celle-ci a droit à une déduction aux termes de l’article 125 dans le calcul de son impôt payable pour l’année en vertu de la présente partie, ou y aurait droit si son revenu imposable pour l’année était suffisant, 25 %, (B) lorsque la division (A) ne s’applique pas et que la dépense admissible concerne des activités de recherche scientifique et de développement expérimental à effectuer : (I) dans les provinces de la Nouvelle-Écosse, du Nouveau-Brunswick, de l’Île-du-Prince-Édouard ou de Terre-Neuve ou dans la péninsule de Gaspé, 20 %, (II) dans les autres régions du Canada, 10 %. Income Tax PART I Income Tax DIVISION C Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
(iii) in any other case, (C) after 2015, 0%; (pourcentage déterminé) specified property [Repealed, 2017, c. 20, s. 23] A + B - C where C is the total of all amounts each of which is an amount determined under paragraph 127(13)(d) for the year in respect of the taxpayer; (compte de dépenses admissibles de recherche et de développement) Impôt sur le revenu
(iii) faite par un contribuable au cours de son année d’imposition qui se termine après le 31 octobre 1983 et avant le 1er janvier 1985, à l’exclusion d’une dépense admissible à laquelle s’applique le sous-alinéa (ii): (A) lorsque la dépense a été faite par une société privée sous contrôle canadien au cours d’une année d’imposition de la société au cours de laquelle celle-ci a droit à une déduction aux termes de l’article 125 dans le calcul de son impôt payable pour l’année en vertu de la présente partie, ou y aurait droit si son revenu imposable pour l’année était suffisant, 35 %, (B) lorsque la division (A) ne s’applique pas et que la dépense admissible concerne des activités de recherche scientifique et de développement expérimental à effectuer : (I) dans les provinces de la Nouvelle-Écosse, du Nouveau-Brunswick, de l’Île-du-Prince-Édouard ou de Terre-Neuve ou dans la péninsule de Gaspé, 30 %, (II) dans les autres régions du Canada, 20 %, (iv) faite par un contribuable soit après son année d’imposition 1984 et avant 1995, soit après 1994 en conformité avec une convention écrite qu’il a conclue avant le 22 février 1994, à l’exclusion d’une dépense admissible à laquelle s’applique le sous-alinéa (ii), pour des activités de recherche scientifique et de développement expérimental à effectuer : (A) dans les provinces de la Nouvelle-Écosse, du Nouveau-Brunswick, de l’Île-du-Prince-Édouard ou de Terre-Neuve ou dans la péninsule de Gaspé, 30 %, (B) dans une autre région du Canada, 20 %, (v) faite par un contribuable après 1994, 20 % s’il s’agit d’une dépense autre qu’une dépense faite après 1994 en conformité avec une convention écrite qu’il a conclue avant le 22 février 1994; f) dans le cas du remboursement d’une aide gouvernementale, d’une aide non gouvernementale ou d’un paiement contractuel, qui a réduit l’un des montants suivants, le pourcentage déterminé applicable, selon le cas, à la dépense admissible ou au montant de remplacement visés aux sous-alinéas (i), (ii) et (iii) représente : (i) le coût en capital d’un bien pour le contribuable en vertu de l’alinéa (11.1)b, (A - B) × C where C is (i) le montant d’une dépense admissible engagée par le contribuable en vertu des alinéas (11.1)c) ou e) pour les années d’imposition qui ont commencé avant 1996, (ii) le montant de remplacement visé par règlement qui est applicable au contribuable en vertu de l’alinéa (11.1)f) pour les années d’imposition qui ont commencé avant 1996; f.1) dans le cas du remboursement d’une aide gouvernementale, d’une aide non gouvernementale ou d’un paiement contractuel, qui a réduit (i) une dépense admissible d’un contribuable en application de l’un des paragraphes (18) à (20) : (A) 20 %, si elle est engagée avant 2014, (B) 15 %, si elle est engagée après 2014, (ii) le montant des traitements et salaires admissibles payable par le contribuable à un apprenti admissible en vertu de l’alinéa (11.1)c), 10 %, (iii) [Abrogé, 2017, ch. 20, art. 23] g) dans le cas d’un bien d’un ouvrage approuvé : (i) s’il est acquis avant 1989, 60 %, (ii) s’il est acquis après 1988, 45 %; h) dans le cas de la dépense admissible d’exploration au Canada faite par un contribuable pour une année d’imposition, 25 %; i) dans le cas d’un bien admissible de petite entreprise, 10 %; j) dans le cas de la dépense minière préparatoire du contribuable visée au sous-alinéa a)(ii) de la définition de ce terme qui est engagée : (i) avant 2013, 10 %, (ii) en 2013, 5 %, (iii) après 2013, 0 %; k) dans le cas d’une dépense minière préparatoire du contribuable visée au sous-alinéa a)(ii) de la définition de ce terme qui est engagée : (i) avant 2014, 10 %, (ii) après 2013 et avant 2016, 10 % si la dépense, selon le cas : (A) est engagée aux termes d’une convention écrite conclue par le contribuable avant le 29 mars 2012, (B) est engagée dans le cadre de la mise en valeur d’une nouvelle mine à laquelle l’un des énoncés ci-après s’applique : (I) la construction de la mine a été entreprise par le contribuable, ou pour son compte, avant le 29 mars 2012 (à cette fin, ne sont pas des travaux de construction l’obtention des permis ou des autorisations réglementaires, les évaluations environnementales, la consultation des collectivités, les études sur les répercussions et les avantages et les activités semblables), (II) les travaux de conception et d’ingénierie pour la construction de la mine, documents à l’appui, ont été entrepris par le contribuable, ou pour son compte, avant le 29 mars 2012 (à cette fin, ne sont pas des travaux de conception et d’ingénierie l’obtention des permis ou des autorisations réglementaires, les évaluations environnementales, la consultation des collectivités, les études sur les répercussions et les avantages et les activités semblables), (iii) dans les autres cas : (A) en 2014, 7 %, (B) en 2015, 5 %, si la dépense est visée au sous-alinéa a)(ii) de la définition de dépense minière préparatoire par l’effet de l’alinéa g.4) de la définition de frais d’exploration au Canada au paragraphe 66.1(6), et 4 %, dans les autres cas, (C) après 2015, 0 %. (specified percentage) société non admissible L’une des sociétés suivantes à un moment donné : a) une société qui, à ce moment, n’est pas une société privée sous le contrôle canadien; b) une société qui serait redevable de l’impôt prévu à la partie I.3 pour son année d’imposition qui comprend ce moment si elle n’était pas tenue compte du paragraphe 181.4(4) et si le moment déterminant relativement à la société pour l’année où ce moment se situe, au sens de déterminant relativement aux montants visés à l’un des alinéas 181.2(3)a) à d), dans la mesure où les montants visés ont servi à (a) 20, and (a) 19, and exceeds égard pour l’application de l’alinéa j) de la définition de crédit d’impôt à l’investissement, au paragraphe (9), correspond à l’excédent éventuel : a) de l’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le total des montants ajoutés dans le calcul de son crédit d’impôt à l’investissement à la fin de l’année à l’égard d’un bien acquis, ou d’une dépense faite, avant ce moment, (ii) le total des montants dont chacun représente un montant : (A) soit déduit dans le calcul de son crédit d’impôt à l’investissement à la fin de l’année en vertu de l’alinéa f) ou g) de la définition de crédit d’impôt à l’investissement au paragraphe (9), (B) soit déduit dans le calcul de son crédit d’impôt à l’investissement à la fin de l’année d’imposition précédente immédiate visée à l’alinéa j) de cette définition, dans la mesure où il est raisonnable de considérer que le montant a été ainsi déduit à l’égard d’un bien ou d’une dépense à l’égard desquels un montant est ajouté au sous-alinéa (i), sur le total des montants suivants : c) l’excédent éventuel de son impôt de la partie VII en main remboursable à la fin de l’année sur le total des montants dont chacun représente un montant désigné selon le paragraphe 192(4) au titre d’une action qu’elle a émise avant la fin de l’année et : (i) soit dans la période commençant un mois avant ce moment et se terminant à ce moment, (ii) soit après ce moment; d) le produit de la multiplication du montant qui, sans les paragraphes (3) et (5) et les articles 126, 127.2 et 127.3, serait son impôt payable en vertu de la présente partie pour l’année par rapport au montant qui, (i) d’une part, lorsque tout au long de l’année le contribuable a exploité une entreprise donnée dans le cours des activités de laquelle il a acquis un bien, ou fait une dépense, avant ce moment — bien que le montant à l’égard desquels une somme est incluse dans le calcul de son crédit d’impôt à l’investissement à la fin de l’année —, l’excédent éventuel du total des sommes dont chacune représente : exceeds (ii) the amount determined under subparagraph 127.9(1)(d)(i), and Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
exceeds (ii) the amount determined under subparagraph 127(9.2)(d)(ii), and Ascertainment of certain property Impôt sur le revenu
une somme est incluse dans le calcul de son crédit d’impôt à l’investissement à la fin de l’année —, l’excédent éventuel du total des sommes dont chacune représente : (A) son revenu pour l’année tiré de l’entreprise donnée, (B) lorsque le contribuable a exploité l’entreprise donnée au cours de l’année, son revenu pour l’année tiré d’une autre entreprise dont la presque totalité du revenu est dérivée de la vente, de la location ou de la mise en valeur de biens ou de la prestation de services semblables aux biens vendus, loués ou mis en valeur ou aux services rendus, selon le cas, par le contribuable dans le cadre de l’exploitation de l’entreprise donnée avant ce moment, sur : (C) le total des sommes dont chacune représente une somme que le contribuable a déduite pour l’année en application des alinéas 111(1)a) ou d) au titre d’une perte autre qu’une perte en capital ou d’une perte agricole, selon le cas, pour une année d’imposition relativement à l’entreprise donnée ou à l’autre entreprise, (ii) d’autre part, le plus élevé de cet excédent et de son revenu imposable pour l’année. Biens certifiés
Le ministre peut : a) obtenir l’avis du ministre chargé de l’application de la Loi sur les subventions au développement régional, chapitre R-3 des Statuts révisés du Canada de 1970, sur la question de savoir si un bien est visé à l’alinéa b) de la définition de bien certifié au paragraphe (9); b) obtenir un certificat du ministre chargé de l’application de la Loi sur les subventions au développement régional, chapitre R-3 des Statuts révisés du Canada de 1970, attestant qu’un bien qui y est mentionné est visé à l’alinéa b) de la définition de bien certifié au paragraphe (9); c) donner son avis au membre du Conseil privé de la Reine pour le Canada chargé de l’application de la Loi sur l’Agence de promotion économique du Canada atlantique sur la question de savoir si un bien peut faire l’objet du certificat prévu à la définition de bien d’un ouvrage approuvé au paragraphe (9). Expenditure limit $3 million × ($40 million − A)/$40 million where A is Crédit d’impôt à l’investissement majoré (10.1) Pour l’application de l’alinéa e) de la définition de crédit d’impôt à l’investissement au paragraphe (9), le montant correspondant à 20 % au moins élevé des montants ci-après est à ajouter dans le calcul du crédit d’impôt à l’investissement d’une société à la fin de l’année d’imposition tout au long de laquelle elle a été une société privée sous contrôle canadien : a) le montant qu’elle demande; b) l’excédent de son compte de dépenses admissibles de recherche et de développement à la fin de l’année sur le total des montants représentant chacun l’avantage relatif à la superdéduction pour l’année relativement à la société et à une province; c) sa limite de dépenses pour l’année. Limite de dépenses (10.2) Pour l’application du paragraphe (10.1), la limite de dépenses d’une société donnée pour une année d’imposition donnée correspond à la somme obtenue par la formule suivante : 3 000 000 $ × (40 000 000 $ − A)/40 000 000 $ où : A représente : a) zéro, si la somme applicable ci-après est égale ou inférieure à 10 000 000 $ : (i) si la société donnée n’est associée à aucune autre société au cours de l’année donnée, le montant de son capital imposable utilisé au Canada, au sens des articles 181.2 ou 181.3, pour son année d’imposition précédente, (ii) si la société donnée est associée à une ou plusieurs autres sociétés au cours de l’année donnée, le total des sommes représentant chacun le capital imposable utilisé au Canada, au sens des articles 181.2 ou 181.3, de la société donnée, ou d’une de ces autres sociétés, pour sa dernière année d’imposition s’étant arrêtée dans le cours de la dernière année civile ayant pris fin avant la fin de l’année donnée, b) dans les autres cas, 40 000 000 $ ou, s’il est moins élevé, l’excédent, sur 10 000 000 $, de la somme déterminée selon les sous-alinéas a)(i) ou (ii), selon le cas. Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
Application of subsection (10.22) --- Impôt sur le revenu
Limite de dépenses — SPCC associées (10.21) Malgré le paragraphe (10.2), la limite de dépenses, pour une année d’imposition, d’une société qui est associée au cours de l’année à une ou plusieurs autres sociétés privées sous contrôle canadien est nulle, sauf disposition contraire du présent article. Limite de dépenses — SPCC associées (10.22) Si une société privée sous contrôle canadien (appelée « société donnée » au présent paragraphe) et une autre société sont associées dans des circonstances où elles ne le seraient pas si la présente loi s’appliquait comme si le nom tenu de l’alinéa 256(1.2)a), que la société donnée a émis des actions à une ou plusieurs autres auxquelles l’autre société a émis des actions et qu’un ou moins un actionnaire de la société donnée n’est pas actionnaire de l’autre société, ou inversement, la société donnée est réputée ne pas être associée à l’autre société pour les besoins du calcul de la limite de dépenses de la société donnée, prévu au paragraphe (10.2). Application du par. (10.22) (10.23) Le paragraphe (10.22) ne s’applique à la société donnée et à l’autre société qui y sont visées que si le ministre est convaincu de ce qui suit : a) la société donnée et l’autre société ne sont pas associées par ailleurs sous le régime de la présente loi; b) le fait qu’il existe un ou plusieurs actionnaires de la société donnée qui ne sont pas actionnaires de l’autre société, ou inversement, n’a pas pour objet de satisfaire les exigences des paragraphes (10.22) ou 127(1.2). Sociétés associées (10.3) Si toutes les sociétés privées sous contrôle canadien, associées entre elles au cours d’une année d’imposition, présentent au ministre, selon le formulaire prescrit, une convention qui stipule que, pour l’application du paragraphe (10.1), elles attribuent un montant à une ou plusieurs d’entre elles pour l’année, et si le montant ou total des montants, selon le cas, ne dépasse pas le montant déterminé pour l’année selon la formule figurant au paragraphe (10.2), la limite de dépenses de chaque société pour l’année est le montant qui lui est ainsi attribué. (10.6) Notwithstanding any other provision of this section, (c) [Repealed, 2019, c. 29, s. 24] exceeds (i) the capital cost to a taxpayer of a property under paragraph 127(11.1)(b), d’une dépense admissible qu’il a engagée en application de l’un des paragraphes (18) à (20) pour une année d’imposition antérieure est tenu d’ajouter au montant calculé par ailleurs selon le paragraphe (10.1) à son égard pour l’année donnée l’excédent éventuel du montant visé à l’alinéa a) sur le montant visé à l’alinéa b): a) le montant qui aurait été calculé selon le paragraphe (10.1) à son égard pour l’année antérieure si les paragraphes (11.1) et (18) à (20) ne s’étaient pas appliqués à l’aide gouvernementale, à l’aide non gouvernementale ou au paiement contractuel, jusqu’à concurrence du montant ainsi remboursé; b) le montant calculé selon le paragraphe (10.1) à son égard pour l’année antérieure. Montant à ajouter au crédit d’impôt à l’investissement (10.8) Pour l’application de l’alinéa e.1) de la définition de crédit d’impôt à l’investissement au paragraphe (9), du paragraphe (10.7) et de l’alinéa 37(1)c), le montant d’une aide gouvernementale, d’une aide non gouvernementale ou d’un paiement contractuel est réputé être un montant remboursé par un contribuable au cours d’une année d’imposition au titre de cette aide ou de ce paiement si les conditions suivantes sont réunies: a) le montant a été appliqué en réduction d’un des montants suivants: (i) le coût en capital d’un bien pour le contribuable en application de l’alinéa (11.1)b), (ii) le montant d’une dépense admissible engagée par le contribuable en application de l’alinéa (11.1)c) pour les années d’imposition qui ont commencé avant 1996, (iii) le montant de remplacement visé par règlement applicable au contribuable selon l’alinéa (11.1)f) pour les années d’imposition qui ont commencé avant 1996, (iv) une dépense admissible engagée par le contribuable en application de l’un des paragraphes (18) à (20); b) le montant n’a pas été reçu par le contribuable; Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
Interpretation (i) referred to in any of paragraphs (a) to (e) and (g) to (j) of the definition manufacturing or processing in subsection 125.1(3), (ii) purchasing raw materials, (v) data processing, or (11.1) For the purposes of the definition investment tax credit in subsection 127(9), Impôt sur le revenu
c) au cours de l’année, le montant a cessé d’être un montant que le contribuable pouvait raisonnablement s’attendre à recevoir. Précisions
Pour l’application des définitions de bien admissible et bien minier admissible au paragraphe (9) : a) les activités suivantes ne constituent pas de la fabrication ou de la transformation : (i) celles visées à l’un des alinéas a) à e) et g) à j) de la définition de fabrication ou transformation au paragraphe 125.1(3), (ii) celles qui seraient visées à l’alinéa f) de cette définition s’il n’était pas tenu compte des passages « situées au Canada » figurant à cet alinéa, (iii) celles qui seraient visées à l’alinéa j) de cette définition s’il n’était pas tenu compte du passage « situé au Canada » figurant à cet alinéa, (iv) celles qui seraient visées à l’alinéa k) de cette définition s’il n’était pas tenu compte de la définition de traitement préliminaire au Canada au paragraphe 248(1); b) il est entendu que les fins visées à l’alinéa e) de la définition de bien admissible et à l’alinéa a) de la définition de bien minier admissible, au paragraphe (9), ne comprennent pas : (i) l’entreposage (sauf l’entreposage du grain), l’expédition, la vente ou la location de produits finis, (ii) l’achat de matières premières, (iii) l’administration, y compris le travail de bureau et la gestion du personnel, (iv) les opérations d’achat et de revente, (v) le traitement des données, (vi) la fourniture aux employés d’installations, y compris de cafétérias, cliniques et installations récréatives. Précisions quant à la définition de crédit d’impôt à l’investissement (11.1) Pour l’application de la définition de crédit d’impôt à l’investissement au paragraphe (9): (c) [Repealed, 1996, c. 21, s. 30] (c.5) [Repealed, 2017, c. 20, s. 23] (e) and (f) [Repealed, 1996, c. 21, s. 30] Decertification of approved project property Adjustments to qualified expenditures Non-arm’s length costs (11.6) For the purpose of subsection 127(11.5), where (d) in the case of a property sold to the taxpayer, the lesser of Definitions A - B - C - D - E where --- Rajustement des dépenses admissibles (11.5) Pour l’application de la définition de dépense admissible au paragraphe (9), le montant d’une dépense, sauf un montant de remplacement visé par règlement, engagée par un contribuable au cours d’une année d’imposition est réputé égal au montant de la dépense, déterminé selon le paragraphe (11.6). Coûts pour personnes ayant un lien de dépendance (11.6) Pour l’application du paragraphe (11.5), lorsqu’un contribuable engagerait une dépense à un moment donné, compte non tenu du paragraphe (26), en contrepartie de la fourniture ou de la prestation, par une personne ou une société de personnes (appelées « fournisseur » au présent paragraphe) avec laquelle il a un lien de dépendance à ce moment-là, d’un bien ou d’un service, sauf un service qu’une personne lui rend à titre d’employé, le montant de la dépense engagée relativement au bien ou au service et le coût du bien pour lui sont réputés correspondre à celui des montants suivants : a) dans le cas d’un service rendu au contribuable, le moins élevé des montants suivants : (i) le montant de la dépense que le contribuable a engagée par ailleurs pour le service, (ii) le coût de service rajusté pour le fournisseur relativement à la prestation du service; b) dans le cas d’un bien vendu au contribuable, le moins élevé des montants suivants : (i) le coût du bien pour le contribuable, déterminé par ailleurs, (ii) le coût de vente rajusté du bien pour le fournisseur. Définitions (11.7) Les définitions qui suivent s’appliquent au présent paragraphe et au paragraphe (11.6). coût de service rajusté Quant à une personne ou une société de personnes (appelées « fournisseur » dans la présente définition) relativement à la prestation d’un service donné, le résultat du calcul suivant : A - B - C - D - E où : A B C D E A - B where A is A représente le coût de la prestation du service donné par le fournisseur; B le total des montants représentant chacun l’excédent éventuel du montant visé à l’alinéa (a) sur le montant visé à l’alinéa (b): a) le coût, pour le fournisseur, d’un service (sauf un service rendu par une personne à titre d’employé du fournisseur) rendu par une personne ou une société de personnes avec laquelle il a un lien de dépendance, dans la mesure où le coût est engagé en vue de rendre le service donné, b) le coût de service rajusté pour la personne ou la société de personnes visée à l’alinéa a) relativement à la prestation, au fournisseur, du service visé à cet alinéa; C le total des montants représentant chacun l’excédent éventuel du montant visé à l’alinéa (a) sur le montant visé à l’alinéa (b), dans la mesure où l’excédent se rapporte au coût de la prestation du service donné: a) le coût, pour le fournisseur, d’un bien qu’il a acquis auprès d’une personne ou d’une société de personnes avec laquelle il a un lien de dépendance, b) le coût de vente rajusté du bien pour la personne ou la société de personnes visée à l’alinéa a); D le total des montants représentant chacun la rémunération fondée sur les bénéfices ou une gratification payée ou payable à un employé du fournisseur, dans la mesure où elle est incluse dans le coût de la prestation du service donné par le fournisseur; E le total des montants représentant chacun l’aide gouvernementale ou l’aide non gouvernementale qu’il est raisonnable de considérer comme se rapportant à la prestation du service donné et que le fournisseur a reçue, est en droit de recevoir ou peut raisonnablement s’attendre à recevoir. (adjusted service cost) coût de vente rajusté Quant à une personne ou une société de personnes (appelées « fournisseur » dans la présente définition) relativement à un bien, le résultat du calcul suivant: A - B où: A représente: a) dans le cas où le bien est acheté auprès d’une autre personne ou société de personnes avec laquelle le fournisseur a un lien de dépendance, le moins élevé des montants suivants: (i) le coût du bien pour le fournisseur, Interpretation for non-arm’s length costs (11.8) For the purposes of this subsection and subsections 127(11.6) and 127(11.7), (ii) le coût de vente rajusté du bien pour l’autre personne ou société de personnes, b) dans les autres cas, le coût du bien pour le fournisseur; les règles suivantes s’appliquent dans le cadre du présent alinéa : (i) la partie du coût d’un bien donné pour un fournisseur qui est attribuable à un autre bien qu’il a acquis auprès d’une personne ou d’une société de personnes avec laquelle il a un lien de dépendance est réputée égale au moins élevé des montants suivants : (A) cette partie du coût, déterminée par ailleurs, (B) le coût de vente rajusté de l’autre bien pour la personne ou la société de personnes, (ii) la partie du coût d’un bien pour un fournisseur qui est attribuable à un service rendu à celui-ci par une personne ou une société de personnes avec laquelle il a un lien de dépendance (sauf un service qu’une personne lui rend du fait qu’elle est à son emploi) est réputée égale au moins élevé des montants suivants : (A) cette partie du coût, déterminée par ailleurs, (B) le coût de service rajusté, pour la personne ou la société de personnes, relativement à la prestation du service, (iii) il n’est pas tenu compte de la partie du coût d’un bien pour un fournisseur qui est attribuable à la rémunération fondée sur les bénéfices ou à une gratification payée ou payable à son employé; B le total des montants représentant chacun l’aide gouvernementale ou l’aide non gouvernementale qu’il est raisonnable de considérer comme se rapportant au bien et que le fournisseur a reçue, est en droit de recevoir ou peut vraisemblablement s’attendre à recevoir. (adjusted selling cost) Règles concernant les coût pour personnes ayant un lien de dépendance (11.8) Les règles suivantes s’appliquent dans le cadre du présent paragraphe et des paragraphes (11.6) et (11.7) : a) les dépenses suivantes sont exclues du coût, pour une personne ou une société de personnes (appelée « fournisseur » au présent alinéa), lié à la prestation d’un service ou à la fourniture d’un bien à une autre personne ou société de personnes (appelée « bénéficiaire » au présent alinéa) avec laquelle le fournisseur a un lien de dépendance : (c) [Repealed, 2012, c. 31, s. 27] Interpretation Idem Idem Idem (a) the amount specified in the agreement for the purpose of this subsection, (d) an amount determined in respect of the transferor for the particular year for the purpose of determining the value of C in the definition SR&ED qualified expenditure pool in subsection 127(9), and
Where (I) d’une part, est engagée par le cédant au cours de l’année, compte non tenu des paragraphes (26) et 78(4), relativement à la partie des activités de recherche scientifique et de développement expérimental qui a été exercée à un moment où il avait un lien de dépendance avec le cessionnaire, (II) d’autre part, est payée par le cédant au plus tard le cent-quatre-vingtième jour suivant la fin de l’année, (B) soit à un montant ajouté, par l’effet du présent paragraphe, au compte de dépenses admissibles de recherche et de développement du cédant à la fin de l’année, dans le cas où ce montant est attribuable à une dépense relative à des activités de recherche scientifique et de développement expérimental, est réputé être : d) un montant déterminé quant au cédant pour l’année aux fins du calcul de la valeur de l’élément C de la formule figurant à la définition compte de dépenses admissibles de recherche et de développement au paragraphe (9), e) un montant déterminé quant au cessionnaire pour sa première année d’imposition qui se termine à la fin de l’année ou postérieurement aux fins du calcul de la valeur de l’élément B de la formule figurant à la définition de compte de dépenses admissibles de recherche et de développement au paragraphe (9). De plus, lorsque le total des montants représentant chacun un montant indiqué dans une convention présentée au ministre en application du présent paragraphe pour l’année d’imposition d’un cédant dépasse le montant qui correspond à son compte de dépenses admissibles de recherche et de développement à la fin de cette année si aucune convention n’était présentée au ministre pour cette année, le moins élevé des montants déterminés selon les alinéas a) à c) relativement à une telle convention est réputé nul. Indication des montants transférés
Dans le cas où les conditions suivantes sont réunies : a) un cédant et un cessionnaire ont présenté, en vertu du paragraphe (13), une convention visant une année d’imposition du cédant, b) la convention comprend un énoncé selon lequel le montant indiqué dans la convention pour l’application du paragraphe (13), ou une partie de ce montant, se rapporte : (i) soit à une dépense admissible incluse à l’élément A de la formule figurant à la définition de compte de dépenses admissibles de recherche et de développement, au paragraphe (9), aux fins du calcul du compte de dépenses admissibles de recherche et de développement du cédant à la fin de l’année, (ii) soit à un montant inclus à l’élément B de la formule visée au sous-alinéa (i) aux fins du calcul du compte de dépenses admissibles de recherche et de développement du cédant à la fin de l’année et qui est réputé par l’alinéa (d) être une dépense admissible, c) le total des montants qui, selon l’énoncé accompagnant les conventions présentées par le cédant en vertu du paragraphe (13), se rapportent à la dépense visée au sous-alinéa b)(i) ou au montant visé au sous-alinéa b)(ii) ne dépasse pas cette dépense ou ce montant, les présomptions suivantes s’appliquent dans le cadre du présent article (exception faite de l’élément A de la formule figurant à la définition de compte de dépenses admissibles de recherche et de développement au paragraphe (9)) et de l’article 127.1 : d) le montant dont l’énoncé fait état et qui est inclus à l’élément B de cette formule aux fins du calcul du compte de dépenses admissibles de recherche et de développement du cessionnaire à la fin d’une année d’imposition de celui-ci est réputé être une dépense admissible en capital ou de nature courante engagée par le cessionnaire au cours de cette année, à condition que la dépense visée au sous-alinéa b)(i) ou le montant visé au sous-alinéa b)(ii) ait été une dépense en capital ou de nature courante, selon le cas; e) sauf pour l’application de l’alinéa b), le montant des dépenses admissibles de nature courante du cédant engagées au cours de son année d’imposition visée par la convention est réputé ne pas dépasser l’excédent du montant de ces dépenses déterminé par ailleurs sur le total des montants qui, selon l’énoncé accompagnant les conventions présentées par le cédant en vertu du paragraphe (13) pour l’année, se rapportent à des dépenses de nature courante. Modalités de présentation
La convention ou la convention modifiée entre un cédant et un cessionnaire n’est considérée comme présentée au ministre pour l’application du paragraphe (13) que si : Income Tax PART I Income Tax DIVISION C Rules Applicable to all Taxpayers SUBDIVISION C Rules Applicable to all Taxpayers
Impôt sur le revenu
a) elle est présentée sur formulaire prescrit; b) elle est présentée : (i) soit au plus tard à la date d’échéance de production applicable au cédant pour l’année d’imposition qu’elle vise, (ii) soit au cours de la période pendant laquelle le cédant peut signifier un avis d’opposition à une cotisation d’impôt payable en vertu de la présente partie pour l’année d’imposition qu’elle vise, (iii) soit au cours de la période pendant laquelle le cessionnaire peut signifier un avis d’opposition à une cotisation d’impôt payable en vertu de la présente partie pour sa première année d’imposition que se termine à la fin de l’année d’imposition qu’elle vise ou postérieurement; c) elle est accompagnée des documents suivants : (i) dans le cas où le cédant est une société et ses administrateurs ont légalement le droit de gérer ses affaires, une copie certifiée conforme de la résolution autorisant la conclusion de la convention, (ii) dans le cas où le cédant est une société et ses administrateurs n’ont pas légalement le droit de gérer ses affaires, une copie certifiée conforme du document par lequel la personne qui a ce droit autorise la conclusion de la convention, (iii) dans le cas où le cessionnaire est une société et ses administrateurs ont légalement le droit de gérer ses affaires, une copie certifiée conforme de la résolution autorisant la conclusion de la convention, (iv) dans le cas où le cessionnaire est une société et ses administrateurs n’ont pas légalement le droit de gérer ses affaires, une copie certifiée conforme du document par lequel la personne qui a ce droit autorise la conclusion de la convention. La convention ou la convention modifiée est réputée ne pas avoir été présentée au ministre pour l’application du paragraphe (13) si une convention modifiant a été présentée en conformité avec le paragraphe et le présent paragraphe, sauf dans le cas où le paragraphe (16) s’applique à son égard. Lien de dépendance
Dans le cas où des contribuables ont, entre eux, un lien de dépendance par suite d’une opération, d’un événement ou d’un arrangement, ou d’une série d’opérations ou d’événements, dont il est raisonnable de considérer que l’objet principal est de leur permettre de conclure la (a) all amounts applied for preceding taxation years under this subsection or subsection 127(18) or 127(20) in respect of the particular amount, convention visée au paragraphe (13), le moins élevé des montants déterminés selon les alinéas (13)a) à (13)c) relativement à la convention est réputé nul pour l’application de l’alinéa (13)e). Cotisation
Malgré les paragraphes 152(4) et (5), le ministre établit une cotisation concernant l’impôt, les intérêts et les pénalités payables par un contribuable pour une année d’imposition qui a commencé avant le jour où une convention ou une convention modifiée est présentée selon les paragraphes (13) ou (20), afin de tenir compte de la convention ou de la convention modifiée. Réduction des dépenses admissibles
Dans le cas où un contribuable — personne ou société de personnes — reçoit, est en droit de recevoir ou peut vraisemblablement s’attendre à recevoir, au plus tard à la date d’échéance de production qui lui est applicable pour une année d’imposition, un montant qui représente une aide gouvernementale, une aide non gouvernementale ou un paiement contractuel qu’il est raisonnable de considérer comme se rapportant aux activités de recherche scientifique et de développement expérimental, le montant de l’excédent du montant sur les montants appliqués pour les années d’imposition antérieures en vertu du présent paragraphe ou des paragraphes (19) ou (20) relativement à ce montant est appliqué en réduction des dépenses admissibles du contribuable engagées par ailleurs au cours de l’année qui il est raisonnable de considérer comme se rapportant aux activités de recherche scientifique et de développement expérimental. Réduction des dépenses admissibles — bénéficiaire
Dans le cas où une personne ou une société de personnes (appelées « bénéficiaire » au présent paragraphe) reçoit, est en droit de recevoir ou peut vraisemblablement s’attendre à recevoir, au plus tard à la date d’échéance de production qui lui est applicable pour une année d’imposition, un montant qui représente une aide gouvernementale, une aide non gouvernementale ou un paiement contractuel qu’il est raisonnable de considérer comme se rapportant aux activités de recherche scientifique et de développement expérimental, le montant de l’excédent du montant sur le total des montants suivants, déterminé par ailleurs, qui est visée à l’alinéa (a) et à l’alinéa (b) s’il dépasse : a) les montants appliqués pour les années d’imposition antérieures en vertu du présent paragraphe ou des paragraphes (18) ou (20) relativement au montant donné; b) le total des montants dont chacun représenterait une dépense admissible que le bénéficiaire engagerait Income Tax PART I Income Tax DIVISION C Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
Where (d) the amount specified in the agreement, and au cours de l’année et qu’il serait raisonnable de considérer comme se rapportant aux activités de recherche scientifique et de développement expérimental si le paragraphe (18) ne s’appliquait pas au montant donné; c) le total des montants dont chacun représenterait, n’eût été l’application du présent paragraphe au montant donné, une dépense admissible qui répond aux conditions suivantes : (i) elle a été engagée par une personne ou une société de personnes au cours d’une année d’imposition qui s’est terminée dans l’année d’imposition du bénéficiaire, (ii) il est raisonnable de considérer qu’elle se rapporte aux activités de recherche scientifique et de développement expérimental, dans la mesure où celles-ci ont été exercées par la personne ou la société de personnes à un moment où elle avait un lien de dépendance avec le bénéficiaire. Convention pour l’attribution de dépenses
Dans le cas où une personne ou une société de personnes (appelées « contribuable » au présent paragraphe et au paragraphe (22)) reçoit, en est droit de recevoir ou peut vraisemblablement s’attendre à recevoir, au plus tard à la date d’échéance de production qui lui est applicable pour son année d’imposition, un montant précis qui représente une aide gouvernementale, une aide non gouvernementale ou un paiement contractuel qui est raisonnable de considérer comme se rapportant à des activités de recherche scientifique et de développement expérimental et auquel le paragraphe (19) ne s’applique pas pour l’année, et où le contribuable et une personne ou une société de personnes (appelées « cessionnaire » au présent paragraphe et au paragraphe (22)) avec laquelle il a un lien de dépendance déposent auprès du ministre une convention modifiée ou une convention modifiée avec le ministre, le montant le moins élevé des montants suivants est appliqué en réduction des dépenses admissibles, déterminées par ailleurs, qui sont visées à l’alinéa b) : a) le montant indiqué dans la convention; b) le total des montants dont chacun représenterait, n’eût été la convention, une dépense admissible qui répond aux conditions suivantes : (i) elle a été engagée par le cessionnaire au cours de son année d’imposition qui s’est terminée dans l’année d’imposition du contribuable, (ii) il est raisonnable de considérer qu’elle se rapporte aux activités de recherche scientifique et de Failure to allocate développement expérimental, dans la mesure où celles-ci ont été exercées par le cessionnaire à un moment où il avait un lien de dépendance avec le contribuable. Non-attribution
Dans le cas où une personne ou une société de personnes (appelées « bénéficiaire » au présent paragraphe) reçoit, est en droit de recevoir ou peut vraisemblablement s’attendre à recevoir, au plus tard à la date d’échéance de production qui lui est applicable pour son année d’imposition, un montant qui représente une aide gouvernementale, une aide non gouvernementale ou un paiement contractuel qui est raisonnable de considérer comme se rapportant à des activités de recherche scientifique et de développement expérimental et le paragraphe (19) ne s’applique pas au montant, le moindre des montants suivants est réputé, pour l’application de la présente section, être une aide gouvernementale reçue à la fin de l’année d’imposition du bénéficiaire : a) le total des montants représentant chacun une dépense admissible qui répond aux conditions suivantes : (i) elle a été engagée par une autre personne ou société de personnes au cours de son année d’imposition qui s’est terminée dans l’année d’imposition du bénéficiaire, (ii) il est raisonnable de considérer qu’elle se rapporte aux activités de recherche scientifique et de développement expérimental, dans la mesure où celles-ci ont été exercées par cette autre personne ou société de personnes à un moment où elle avait un lien de dépendance avec le bénéficiaire; b) l’excédent éventuel de ce montant sur le total des montants appliqués pour l’année et pour les années d’imposition antérieures en vertu des paragraphes (18), (19) ou (20) relativement à ce montant. Modalités de présentation
La convention ou la convention modifiée entre un contribuable et un cessionnaire n’est considérée comme Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION R Rules Applicable to all Taxpayers
Partnership’s taxation year Impôt sur le revenu
présentée au ministre pour l’application du paragraphe (20) que si : a) elle est présentée sur formulaire prescrit; b) elle est présentée : (i) soit au plus tard à la date d’échéance de production applicable au contribuable pour l’année d’imposition qu’elle vise, (ii) soit au cours de la période pendant laquelle le contribuable peut signifier un avis d’opposition à une cotisation d’impôt payable en vertu de la présente partie pour l’année d’imposition qu’elle vise, (iii) soit au cours de la période pendant laquelle le cessionnaire peut signifier un avis d’opposition à une cotisation d’impôt payable en vertu de la présente partie pour sa première année d’imposition qui se termine à la fin de l’année d’imposition qu’elle vise ou postérieurement; c) elle est accompagnée des documents suivants : (i) dans le cas où le contribuable est une société et ses administrateurs ont légalement le droit de gérer ses affaires, une copie certifiée conforme de la résolution autorisant la conclusion de la convention, (ii) dans le cas où le contribuable est une société et ses administrateurs n’ont pas légalement le droit de gérer ses affaires, une copie certifiée conforme du document par lequel la personne qui a ce droit autorise la conclusion de la convention, (iii) dans le cas où le cessionnaire est une société et ses administrateurs ont légalement le droit de gérer ses affaires, une copie certifiée conforme de la résolution autorisant la conclusion de la convention, (iv) dans le cas où le cessionnaire est une société et ses administrateurs n’ont pas légalement le droit de gérer ses affaires, une copie certifiée conforme du document par lequel la personne qui a ce droit autorise la conclusion de la convention. La convention ou la convention modifiée est réputée ne pas avoir été présentée au ministre pour l’application du paragraphe (20) si une convention la modifiant a été présentée en conformité avec ce paragraphe et le présent paragraphe. Année d’imposition d’une société de personnes
Pour l’application des paragraphes (18) à (22), l’année d’imposition d’une société de personnes est réputée correspondre à son exercice et la date d’échéance de Income Tax PART I Income Tax DIVISION C Rules Applicable to all Taxpayers SUBDIVISION C Rules Applicable to all Taxpayers
Where
Where Impôt sur le revenu
production qui lui est applicable pour une année d’imposition est réputée être le jour qui correspondrait à cette date pour l’année si elle était une société. Présomption — dépense admissible
Est réputé ne pas être une dépense admissible le montant payé ou payable aux termes d’un arrangement par une personne ou une société de personnes donnée à une personne ou une société de personnes avec laquelle elle n’a aucun lien de dépendance dans le cas où, à la fois : a) la personne ou la société de personnes donnée a un lien de dépendance avec une autre personne ou société de personnes; b) l’arrangement prévoit qu’un montant est reçu ou à recevoir par l’autre personne ou société de personnes visée à l’alinéa a) d’une personne ou d’une société de personnes avec laquelle elle n’a aucun lien de dépendance; c) il est raisonnable de considérer que l’un des principaux objets de l’arrangement est de faire en sorte que le montant payé ou payable par la personne ou société de personnes donnée soit une dépense admissible. Présomption — paiement contractuel
Est réputé être un paiement contractuel relativement à des activités de recherche scientifique et de développement expérimental le montant reçu ou à recevoir relativement à ces activités aux termes d’un arrangement par une personne ou une société de personnes donnée d’une personne ou d’une société de personnes qui n’est pas un fournisseur imposable pour ce qui est du montant dans le cas où, à la fois : a) la personne ou la société de personnes donnée n’a aucun lien de dépendance avec une autre personne ou société de personnes; b) l’arrangement prévoit qu’un montant est payé ou payable par l’autre personne ou société de personnes visée à l’alinéa a) d’une personne ou d’une société de personnes, autre que la personne ou la société de personnes donnée; c) il est raisonnable de considérer que l’un des principaux objets de l’arrangement est de faire en sorte que le montant reçu ou à recevoir par la personne ou la société de personnes donnée ne soit pas un paiement contractuel.
Where (A) the proceeds of disposition of the property, if the property Montants impayés
Pour l’application des paragraphes (5) à (25) et de l’article 127.1, la dépense d’un contribuable visée à l’alinéa 37(1)a) qui est impayée le cent-quatre-vingtième jour suivant la fin de l’année d’imposition au cours de laquelle elle est engagée par ailleurs est réputée : a) ne pas avoir été engagée au cours de l’année; b) avoir été engagée au moment où elle est payée. Récupération du crédit d’impôt à l’investissement
Un montant est ajouté à l’impôt payable par ailleurs par un contribuable en vertu de la présente partie pour son année d’imposition si les conditions suivantes sont réunies : a) le contribuable acquiert un bien donné d’une personne ou d’une société de personnes au cours de l’année ou de l’une des dix années d’imposition précédentes; b) la totalité ou une partie du coût du bien donné est une dépense admissible pour le contribuable ou le serait si la présente loi était lue sans référence au paragraphe (26); c) la totalité ou une partie du coût du bien donné est comprise dans un montant dont un pourcentage a été inclus, selon ce qu’il est raisonnable de considérer, dans le calcul du crédit d’impôt à l’investissement du contribuable à la fin de l’année, ou serait comprise dans un tel montant en l’absence du paragraphe (26); d) au cours de l’année et après le 23 février 1998, le contribuable affecte à un usage commercial le bien donné ou un autre bien auquel il est incorporé, ou dispose du bien donné ou de cet autre bien sans l’avoir affecté à cet usage. Le montant ainsi ajouté correspond au moins élevé des montants suivants : e) le montant qu’il est raisonnable de considérer comme étant inclus, relativement au bien donné, dans le crédit d’impôt à l’investissement du contribuable à la fin d’une année d’imposition, ou qu’il serait raisonnable de considérer comme étant inclus en l’absence du paragraphe (26); f) le résultat de la multiplication du pourcentage — qui correspond au total de chacun des pourcentages visés à l’alinéa c) qui a servi au calcul du crédit d’impôt à l’investissement du contribuable relatif au bien donné — par celui des montants ci-après qui est applicable : (27.1) to (27.12) [Repealed, 2017, c. 20, s. 23] (i) dans le cas où il est disposé du bien donné ou de l’autre bien en faveur d’une personne sans lien de dépendance avec le contribuable : (A) le produit de disposition du bien, si le bien, selon le cas : (I) est le bien donné et ne constitue ni du matériel à vocations multiples de première période ni du matériel à vocations multiples de deuxième période, (II) est l’autre bien, (B) 25 % du produit de disposition du bien, si le bien est le bien donné et constitue du matériel à vocations multiples de première période, mais non du matériel à vocations multiples de deuxième période, (C) 50 % du produit de disposition du bien, si le bien est le bien donné et constitue du matériel à vocations multiples de deuxième période, (ii) dans le cas où le bien donné ou l’autre bien est affecté à un usage commercial ou fait l’objet d’une disposition en faveur d’une personne ayant un lien de dépendance avec le contribuable : (A) la juste valeur marchande du bien, si le bien, selon le cas : (I) est le bien donné et ne constitue ni du matériel à vocations multiples de première période ni du matériel à vocations multiples de deuxième période, (II) est l’autre bien, (B) 25 % de la juste valeur marchande du bien au moment de son affectation à un usage commercial ou de sa disposition, si le bien donné constitue du matériel à vocations multiples de première période, mais non du matériel à vocations multiples de deuxième période, (C) 50 % de la juste valeur marchande du bien au moment de son affectation à un usage commercial ou de sa disposition, si le bien donné constitue du matériel à vocations multiples de deuxième période. (27.1) à (27.12) [Abrogés, 2017, ch. 20, art. 23] (28.1) [Repealed, 2017, c. 20, s. 23]
Where Income Tax PART I Income Tax DIVISION B Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
A × B - C where B is Impôt sur le revenu
l’année ou de l’une des dix années d’imposition précédentes; b) le coût du bien donné représente une dépense admissible pour le contribuable; c) il est raisonnable de considérer que la totalité ou une partie de la dépense admissible a fait l’objet d’une convention conclue aux termes du paragraphe (13) entre le contribuable et un autre contribuable (appelé « cessionnaire » au présent paragraphe); d) au cours de l’année et après le 23 février 1998, le contribuable affecte à un usage commercial le bien donné ou un autre bien auquel il est incorporé, ou dispose du bien donné ou de cet autre bien sans l’avoir affecté à cet usage, Le montant ainsi ajouté correspond au moins élevé des montants suivants : e) le montant qu’il est raisonnable de considérer comme ayant été inclus dans le calcul du crédit d’impôt à l’investissement du cessionnaire au titre de la dépense admissible qui a fait l’objet de la convention, f) le résultat du calcul suivant : A × B - C où : A représente le pourcentage appliqué par le cessionnaire dans le calcul de son crédit d’impôt à l’investissement au titre de la dépense admissible qui a fait l’objet de la convention, B : (i) s’il est disposé du bien donné ou de l’autre bien en faveur d’une personne sans lien de dépendance avec le contribuable, le produit de disposition du bien, (ii) dans les autres cas, la juste valeur marchande du bien donné ou de l’autre bien au moment de l’affectation à un usage commercial ou de la disposition, C le montant éventuel qui est ajouté, en application du paragraphe (27) relativement au bien donné, à l’impôt payable par le contribuable. Somme à ajouter à l’impôt
Lorsqu’un contribuable est l’associé d’une société de personnes à la fin d’un exercice de celle-ci, est ajoutée à son impôt payable pour une année en vertu de la présente partie pour son année d’imposition dans laquelle cet exercice prend fin la somme qu’il est raisonnable de (a) the total of (iii) [Repealed, 2017, c. 20, s. 23] exceeds Tiered partnership Certain non-arm’s length transfers considérer comme sa part de l’excédent de la somme visée à l’alinéa a) sur la somme visée à l’alinéa b) : a) le total des sommes suivantes : (i) le total des sommes représentant chacune la moins élevée des sommes visées aux alinéas (28)d) et e) relativement à la société de personnes pour l’exercice, (ii) le total des sommes représentant chacune la moins élevée des sommes visées aux alinéas (35)c) et d) relativement à la société de personnes pour l’exercice; (iii) [Abrogé, 2017, ch. 20, art. 23] b) la somme qui serait déterminée selon le paragraphe (8) à l’égard de la société de personnes si ce paragraphe s’appliquait comme si les paragraphes (28) et (35). Sociétés de personnes multiples
Dans le cas où un contribuable est l’associé d’une société de personnes donnée et où le montant serait ajouté à l’impôt payable par la société de personnes donnée en vertu de la présente partie pour l’année conformément au paragraphe (30) si elle était une personne et si son exercice était son année d’imposition, ce montant est réputé être le moins élevé des montants visés aux alinéas (28)d) et e), relativement à l’un des biens, qui est tenu d’être appliqué en application du paragraphe (28) dans le calcul du montant déterminé selon le paragraphe (8) à son égard à la fin de l’exercice. Sens de coût
Pour l’application des paragraphes (27), (28) et (29), le coût du bien donné pour un contribuable ne peut dépasser le montant qu’a payé le contribuable pour acquérir le bien d’un cédant. Il est entendu que ce coût ne comprend pas les montants que le contribuable paie pour entretenir, modifier ou transformer le bien. Certains transferts entre parties ayant un lien de dépendance
Les paragraphes (27) à (29), (34) et (35) ne s’appliquent pas au contribuable ou à la société de personnes (appelée « cédant » au présent paragraphe) qui dispose d’un bien en faveur d’une personne ou d’une société de personnes (appelée « acheteur » au présent paragraphe Impôt sur le revenu
et aux paragraphes (34) et (35) avec lequel il a un lien de dépendance si l’acheteur a acquis le bien dans des circonstances où son coût pour lui aurait été, lui, une dépense visée aux subdivisions 37(8)(a)(ii)(A)(III) ou (B)(III), dans leur version applicable au 29 mars 2012, n’eût été le sous-alinéa 2902b)(iii) du Règlement de l’impôt sur le revenu. Récupération du crédit d’impôt à l’investissement
Dans le cas où, à un moment donné d’une année d’imposition et après le 23 février 1998, un acheteur (sauf une société de personnes) affecte à un usage commercial un bien qui répond aux conditions suivantes, ou dispose d’un tel bien sans l’avoir affecté à cet usage : a) le bien a été acquis par l’acheteur dans les circonstances visées au paragraphe (33) ou constitue un autre bien auquel est incorporé un bien acquis dans ces circonstances, b) le bien, ou un bien qui y est incorporé, a été acquis pour la première fois par une personne ou une société de personnes (appelée « utilisateur initial » au présent paragraphe) avec laquelle l’acheteur n’avait pas de lien de dépendance au moment où l’acheteur a acquis le bien, dans l’année d’imposition ou l’exercice de l’utilisateur initial qui comprend le moment donné (à supposer qu’il avait une telle année d’imposition ou un tel exercice) ou au cours de l’une de ses dix années d’imposition précédentes, ou de l’un de ses dix exercices précédents, le moins élevé des montants suivants doit être ajouté à l’impôt de l’acheteur payable par ailleurs pour l’année en vertu de la présente partie : c) le montant : (i) soit qui est inclus, relativement au bien, dans le crédit d’impôt à l’investissement de l’utilisateur initial, (ii) soit, si l’utilisateur initial est une société de personnes, qu’il est raisonnable de considérer comme ayant été inclus relativement au bien dans le calcul du montant déterminé selon le paragraphe (8) à l’égard de l’utilisateur initial, d) le produit de la multiplication du montant visé à l’alinéa c) par le pourcentage que l’utilisateur initial a appliqué dans le calcul du montant visé à l’alinéa c) à : (i) si est disposé du bien ou de l’autre bien en faveur d’une personne sans lien de dépendance avec l’acheteur, le produit de disposition de ce bien, Récupération du crédit d’impôt à l’investissement
Dans le cas où, à un moment donné d’un exercice financier et après le 23 février 1998, un acheteur est une société de personnes qui affecte à un usage commercial un bien qui répond aux conditions suivantes, ou qui dispose d’un tel bien sans l’avoir affecté à cet usage : a) le bien a été acquis par l’acheteur dans les circonstances visées au paragraphe (33) ou constitue un autre bien auquel est incorporé un bien acquis dans ces circonstances, b) le bien, ou un bien qui y est incorporé, a été acquis pour la première fois par une personne ou une société de personnes (appelée « utilisateur initial » au présent paragraphe) avec laquelle l’acheteur avait un lien de dépendance au moment où l’acheteur a acquis le bien, au cours de l’année d’imposition ou de l’exercice de l’utilisateur initial qui comprend le moment donné (à supposer qu’il avait une telle année d’imposition ou un tel exercice) ou au cours de l’une des dix années d’imposition ou des dix exercices précédents, le moins élevé des montants suivants doit être déduit dans le calcul du montant déterminé selon le paragraphe (8) à l’égard de l’acheteur à la fin de l’exercice : c) le montant : (i) soit qui est inclus, relativement au bien, dans le crédit d’impôt à l’investissement de l’utilisateur initial, (ii) soit, si l’utilisateur initial est une société de personnes, qui peut raisonnablement être considéré comme ayant été inclus, relativement au bien, dans le calcul du montant déterminé selon le paragraphe (8) à l’égard de l’utilisateur initial; d) le produit de la multiplication du montant ci-après par le pourcentage que l’utilisateur initial a appliqué dans le calcul du montant visé à l’alinéa c) : (i) s’il est disposé du bien ou de l’autre bien en faveur d’une personne sans lien de dépendance avec l’acheteur, le produit de disposition de ce bien, (ii) dans les autres cas, la juste valeur marchande du bien ou de l’autre bien au moment de l’affectation ou de la disposition. (a) 20, and NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations. R.S., 1985, c. 1 (5th Supp.), s. 127; 1990, c. 39, s. 12; 1991, c. 49, s. 7, c. 51, s. 6, c. 52, s. 15; 1992, c. 1, s. 39, 1993, c. 24, s. 7, c. 34, s. 8; 1994, c. 7, Sch. VIII, s. 8, 13, 18; 1995, c. 3, s. 14, c. 21, s. 4, c. 28, s. 6, c. 46, s. 6; 1996, c. 21, s. 3, c. 23, s. 3, c. 31, s. 3; 1997, c. 10, s. 3, c. 25, s. 3, c. 26, s. 3, c. 36, s. 3; 1998, c. 19, s. 3, c. 21, s. 3, c. 34, s. 3; 1999, c. 3, s. 3, c. 5, s. 3, c. 11, s. 3, c. 22, s. 3, c. 26, s. 3; 2000, c. 12, s. 3, c. 19, s. 3, c. 24, s. 3; 2001, c. 17, s. 3, c. 22, s. 3, c. 26, s. 3; 2002, c. 9, s. 3, c. 12, s. 3, c. 14, s. 3, c. 16, s. 3; 2003, c. 15, s. 3, c. 22, s. 3, c. 26, s. 3; 2004, c. 3, s. 3, c. 7, s. 3, c. 12, s. 3, c. 22, s. 3; 2005, c. 3, s. 3, c. 7, s. 3, c. 12, s. 3, c. 22, s. 3; 2006, c. 4, s. 3, c. 7, s. 3, c. 12, s. 3, c. 22, s. 3; 2007, c. 3, s. 3, c. 7, s. 3, c. 12, s. 3, c. 22, s. 3; 2008, c. 3, s. 3, c. 7, s. 3, c. 12, s. 3, c. 22, s. 3; 2009, c. 3, s. 3, c. 7, s. 3, c. 12, s. 3, c. 22, s. 3; 2010, c. 3, s. 3, c. 7, s. 3, c. 12, s. 3, c. 22, s. 3; 2011, c. 3, s. 3, c. 7, s. 3, c. 12, s. 3, c. 22, s. 3; 2012, c. 3, s. 3, c. 7, s. 3, c. 12, s. 3, c. 22, s. 3; 2013, c. 3, s. 3, c. 7, s. 3, c. 12, s. 3, c. 22, s. 3; 2014, c. 3, s. 3, c. 7, s. 3, c. 12, s. 3, c. 22, s. 3; 2015, c. 3, s. 3, c. 7, s. 3, c. 12, s. 3, c. 22, s. 3; 2016, c. 3, s. 3, c. 7, s. 3, c. 12, s. 3, c. 22, s. 3; 2017, c. 3, s. 3, c. 7, s. 3, c. 12, s. 3, c. 22, s. 3; 2018, c. 3, s. 3, c. 7, s. 3, c. 12, s. 3, c. 22, s. 3; 2019, c. 3, s. 3, c. 7, s. 3, c. 12, s. 3, c. 22, s. 3; 2020, c. 3, s. 3, c. 7, s. 3, c. 12, s. 3, c. 22, s. 3; 2021, c. 3, s. 3, c. 7, s. 3, c. 12, s. 3, c. 22, s. 3; 2022, c. 3, s. 3, c. 7, s. 3, c. 12, s. 3, c. 22, s. 3; 2023, c. 3, s. 3, c. 7, s. 3, c. 12, s. 3, c. 22, s. 3; 2024, c. 3, s. 3, c. 7, s. 3, c. 12, s. 3, c. 22, s. 3; 2025, c. 3, s. 3, c. 7, s. 3, c. 12, s. 3, c. 22, s. 3. (a) with the taxpayer’s return of income (other than a return of income filed under subsection 70(2) or 104(23), paragraph 128(2)(f) or subsection 150(4)) for a taxation year, or (b) with a prescribed form amending a return referred to in paragraph 127.1(1)(a) (d) the amount designated by the taxpayer in the prescribed form. Definitions (ii) Her Majesty in right of a province, a Canadian municipality or any other public authority, or (société exclue) (société admissible) $500,000 × [(40 million – A) / $40 million] where A is (plafond de revenu admissible) crédit d’impôt à l’investissement remboursable Crédit, pour une année d’imposition, d’un contribuable qui est soit une société admissible pour l’année, soit un particulier autre qu’une fiducie, soit une fiducie dont chaque bénéficiaire est une société admissible pour l’année ou un particulier autre qu’une fiducie. Le crédit correspond à 40 % de l’excédent éventuel du total visé à l’alinéa a) sur le total visé à l’alinéa b): a) le total des montants inclus dans le calcul du crédit d’impôt à l’investissement du contribuable à la fin de l’année : (i) soit au titre d’un bien, sauf un bien admissible de petite entreprise, qu’il acquiert, ou d’une dépense admissible qu’il engage, sauf une dépense à l’égard de laquelle un montant est inclus en vertu de l’alinéa c) dans le calcul de son crédit d’impôt à l’investissement remboursable pour l’année, au cours de l’année, (ii) soit, conformément à l’alinéa b) de la définition de crédit d’impôt à l’investissement au paragraphe 127(9), au titre d’un bien admissible de petite entreprise, qu’il acquiert, ou d’une dépense admissible qu’il engage, sauf une dépense à l’égard de laquelle un montant est inclus en vertu de l’alinéa c) dans le calcul de son crédit d’impôt à l’investissement remboursable pour l’année; b) le total des montants suivants : (i) la partie du total des montants déduits en application du paragraphe 127(5) pour l’année ou pour une année d’imposition antérieure, sauf un montant réputé par le paragraphe (6) être ainsi déduit pour l’année, qu’il est raisonnable de considérer comme se rapportant au total calculé selon l’alinéa a), (ii) la partie du total des montants à déduire selon les paragraphes 127(6) ou (7) dans le calcul du crédit d’impôt à l’investissement du contribuable à la fin de l’année, qu’il est raisonnable de considérer comme se rapportant au total calculé selon l’alinéa a); s’y ajoute, lorsque le contribuable est une société admissible autre qu’une société exclue, l’excédent éventuel du total visé à l’alinéa c) sur le total visé à l’alinéa d): c) le total des montants suivants : (i) le montant à ajouter selon le paragraphe 127(10.1) dans le calcul du crédit d’impôt à l’investissement de la société à la fin de l’année au titre exceeds (e) the total of (f) the total of d’une dépense admissible engagée par la société au cours de l’année, (iii) les montants calculés selon l’alinéa a.1) de la définition de crédit d’impôt à l’investissement, au paragraphe 127(9), au titre d’une dépense pour laquelle un montant est inclus au sous-alinéa (i); d) le total des montants suivants : (i) la partie du total des montants que la société a déduits selon le paragraphe 127(5) pour l’année ou pour une année d’imposition précédente (autre qu’un montant réputé par le paragraphe (3) être ainsi déduit pour l’année), qui il est raisonnable de considérer comme se rapportant au total calculé selon l’alinéa c), (ii) la partie du total des montants à déduire selon le paragraphe 127(6) dans le calcul du crédit d’impôt à l’investissement de la société à la fin de l’année, qui il est raisonnable de considérer comme se rapportant au total calculé selon l’alinéa c). (refundable investment tax credit) plafond de revenu admissible Le plafond de revenu admissible d’une société pour une année d’imposition donnée correspond à la somme obtenue par la formule suivante : 500 000 $ × [(40 000 000 $ − A)/40 000 000 $] où : A représente : a) zéro, si la somme (appelée « montant de capital imposable » à l’alinéa b)) qui correspond au total du capital imposable utilisé au Canada de la société, au sens des articles 181.2 ou 181.3, pour son année d’imposition précédente et du capital imposable utilisé au Canada, au sens des mêmes articles, de chaque société associée pour sa dernière année d’imposition terminée dans la même année civile ayant pris fin avant la fin de l’année donnée est inférieure à 40 000 000 $; b) 40 000 000 $ ou, s’il est moins élevé, l’excédent du montant de capital imposable sur 40 000 000 $. (qualifying income limit) société admissible Est une société admissible pour une année d’imposition donnée si, au cours de l’année civile la société donnée ou une société privée sous contrôle canadien au cours de l’année donnée ont un revenu imposable pour un année d’imposition précédente — compte tenu, si elle est associée au cours de l’année donnée à une ou plusieurs autres sociétés (« sociétés associées » au présent paragraphe), du revenu Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
exceeds (g) the total of (crédit d’impôt à l’investissement remboursable) (a) the total of exceeds (b) the total of Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
Application of s. 127(9) (2.1) The definitions in subsection 127(9) apply to this section. Application of subsection (2.2) Impôt sur le revenu
(i) la partie du total des sommes déduites par le contribuable au paragraphe 127(5) pour l’année ou pour une année d’imposition antérieure, sauf une somme réputée par le paragraphe (3) avoir été ainsi déduite pour l’année, qu’il est raisonnable de considérer comme se rapportant au total calculé selon l’alinéa a), (ii) la partie du total des sommes à déduire en application du paragraphe 127(6) dans le calcul du crédit d’impôt à l’investissement de la société à la fin de l’année, et il est raisonnable de considérer comme se rapportant au total calculé selon l’alinéa a). Application du par. 127(9) (2.1) Les définitions figurant au paragraphe 127(9) s’appliquent au présent article. Crédit d’impôt à l’investissement remboursable — SPCC associées (2.2) Si une société privée sous contrôle canadien (« société donnée » au présent paragraphe) est associée à une autre société dans des circonstances où elles ne seraient pas associées si la présente loi était lue sans tenir compte de l’alinéa 256(1.2)a), que la société donnée a émis des actions à une ou plusieurs personnes auxquelles l’autre société a émis des actions et qu’au moins un actionnaire de la société donnée n’est pas actionnaire de l’autre société ou, inversement, la société donnée et l’autre société ne sont pas associées pour ce qui est du calcul de la partie du crédit d’impôt à l’investissement remboursable de la société donnée qui se rapporte à des dépenses admissibles. Application du par. (2.2) (2.3) Le paragraphe (2.2) ne s’applique à la société donnée et à l’autre société qui y sont visées que si le ministre est convaincu de ce qui suit : a) la société donnée et l’autre société ne sont pas associées par ailleurs sous le régime de la présente loi; b) le fait qu’il existe un ou plusieurs actionnaires de la société donnée qui ne sont pas actionnaires de l’autre société, ou inversement, n’a pas pour objet de satisfaire les exigences des paragraphes (2.2) ou 127(10.22). (NOTE: Application provisions are not included in the consolidated text; see relevant amendments and regulations.) R.S., 1985, c. 1 (5th Supp.), s. 127.1; 1994, c. 8, s. 16; 1995, c. 3, s. 48; 1996, c. 21, s. 57; 1998, c. 25, s. 36; 1998, c. 19, s. 147; 2006, c. 9, s. 32; 2009, c. 2, s. 41; 2012, c. 31, s. 28; 2013, c. 40, s. 98. Trust Exclusion of certain trusts a) d’une part, qu’il est raisonnable de considérer, compte tenu des circonstances (y compris les modalités de l’acte de fiducie), comme attribuable au contribuable; b) d’autre part, qui n’a pas été attribuée par la fiducie à un autre de ses bénéficiaires; lorsque la fiducie attribue ainsi une telle fraction, un montant égal à cette fraction est : c) ajouté dans le calcul du crédit d’impôt à l’achat d’actions du contribuable pour l’année d’imposition donnée; d) déduit dans le calcul du crédit d’impôt à l’achat d’actions de la fiducie pour son année d’imposition se terminant au cours de l’année d’imposition donnée. Exclusion de certaines fiducies (3.1) Pour l’application du paragraphe (3), le terme fiducie ne vise pas une fiducie qui est : a) soit régie par un régime prestataire de revenus employés ou par un régime annulé de participation différée aux bénéfices; b) soit exonérée d’impôt en vertu de l’article 149. Société de personnes
Lorsque, au cours d’une année d’imposition donnée d’un contribuable qui est un associé d’une société de personnes, un montant est inclus dans le calcul du crédit d’impôt à l’achat d’actions de la société de personnes pour son exercice se terminant au cours de cette année, la fraction de ce montant qu’il est raisonnable de considérer comme représentant la part du contribuable est : a) ajoutée dans le calcul du crédit d’impôt à l’achat d’actions du contribuable pour cette année; b) déduite dans le calcul du crédit d’impôt à l’achat d’actions de la société de personnes pour cet exercice. Société coopérative
Lorsque, à un moment donné d’une année d’imposition, un contribuable qui est une société coopérative (au sens du paragraphe 136(2)) a, comme l’exige le paragraphe 135(3), un montant qu’elle a fait à une personne conformément à une répartition proportionnelle à l’apport commercial, le contribuable peut déduire du montant qu’il doit par ailleurs être remis au receveur général, en application du paragraphe 135(3), un montant qui n’est pas supérieur à l’excédent éventuel du montant visé à l’alinéa a) sur le total visé à l’alinéa b): Definitions (A + B) - C where A - (B + C) where a) le montant qui serait, sans le présent paragraphe, son crédit d’impôt à l’achat d’actions pour l’année d’imposition au cours de laquelle il a effectué le paiement, si cette année s’était terminée immédiatement avant le moment donné; b) le total des montants dont chacun représente le montant déduit, en application du présent paragraphe, d’un montant qui doit par ailleurs être remis, en application du paragraphe 135(3), à l’égard de paiements qu’il a effectués avant le moment donné au cours de l’année d’imposition; le montant ainsi déduit du montant qui doit par ailleurs être remis en application du paragraphe 135(3) : c) doit être déduit dans le calcul du crédit d’impôt à l’achat d’actions du contribuable pour l’année d’imposition; d) est réputé avoir été remis par le contribuable au receveur général au titre de l’impôt, prévu à la présente partie, de la personne à qui le paiement a été effectué. Définitions
Les définitions qui suivent s’appliquent au présent article. crédit d’impôt à l’achat d’actions Le crédit d’impôt à l’achat d’actions d’un contribuable pour une année d’imposition correspond au montant calculé selon la formule suivante : (A + B) - C où : A représente le total des montants dont chacun est un montant désigné par une société en vertu du paragraphe 192(4) à l’égard d’une action acquise par le contribuable au cours de l’année, à titre de premier contribuable, autre qu’un négociant ou un courtier en valeurs, qui est un détenteur inscrit; B le total des montants dont chacun doit, en application du paragraphe (3) ou (4), être ajouté dans le calcul du crédit d’impôt à l’achat d’actions du contribuable pour l’année; C le total des montants dont chacun doit, en application du paragraphe (3), (4) ou (5), être déduit dans le calcul du crédit d’impôt à l’achat d’actions du contribuable pour l’année. (share-purchase tax credit)
A - (B + C) A B C exceeds (b) where the amount determined under subparagraph 127.2(8)(a)(ii) exceeds the amount determined under subparagraph 127.2(8)(a)(i), the excess shall Income Tax PART I Income Tax DIVISION D Computation of Tax SUBDIVISION c Rules Applicable to all Taxpayers
Election re first holder
For greater certainty, [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1984, c. 1, s. 73, c. 45, s. 45; 1988, c. 55, s. 108. Impôt sur le revenu
et le coût pour le contribuable de l’action est réputé nul. Société de personnes
Pour l’application du présent article et du paragraphe 193(5), une société de personnes est réputée être une personne et son année d’imposition est réputée correspondre à son exercice. Choix : premier détenteur
Lorsqu’une action d’une société publique a été légalement distribuée au public conformément à un prospectus, un état d’enregistrement ou un document semblable produit auprès d’une administration au Canada conformément à la législation fédérale ou provinciale et, si la loi l’exige, acceptée par cette administration, la société, si elle a désigné un montant relativement à l’action en application du paragraphe 192(4), peut, dans la formule prescrite requise en vertu de ce paragraphe, faire un choix pour que, pour l’application du présent article, la première personne, autre qu’un courtier ou un négociant en valeurs, à avoir acquis l’action (et nulle autre) soit considérée comme le premier détenteur inscrit de l’action. Calcul de la contrepartie
Il est entendu que : a) dans l’application du présent article et de la partie VII, le montant de la contrepartie de l’acquisition et de l’émission d’une action comprend toute contrepartie de la désignation faite relativement à l’action, en application du paragraphe 192(4); b) le montant reçu par une société en contrepartie de la désignation faite, en application du paragraphe 192(4), relativement à l’action qu’elle a émise n’est pas inclus dans le calcul de son revenu. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir la liste des lois et règlements modificatifs applicables.] 1984, ch. 1, art. 73, ch. 45, art. 45; 1988, ch. 55, art. 108. Crédit d’impôt pour des activités de recherche scientifique et de développement expérimental
a) son crédit d’impôt pour des activités de recherche scientifique et de développement expérimental pour l’année; b) la partie inutilisée de son crédit d’impôt pour des activités de recherche scientifique et de développement expérimental pour l’année d’imposition suivant l’année. Definitions A - B where B is the total of all amounts required by subsection 127.3(5) to be deducted in computing the taxpayer’s scientific research and experimental development tax credit for the year; (crédit d’impôt pour des activités de recherche scientifique et de développement expérimental) A - (B + C) where Income Tax PART I Income Tax DIVISION C Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
C is the taxpayer’s refundable Part VIII tax on hand at the end of the year. (partie inutilisée du crédit d’impôt pour des activités de recherche scientifique et de développement expérimental) Trust Exclusion of certain trusts Impôt sur le revenu
A représente son crédit d’impôt pour des activités de recherche scientifique et de développement expérimental pour l’année; B son impôt payable par ailleurs en vertu de la présente partie pour l’année ou, si la section E.1 s’applique au contribuable pour l’année, l’excédent éventuel de son impôt payable par ailleurs en vertu de la présente partie pour l’année sur l’impôt minimum pour l’année qui lui est applicable calculé selon l’article 127.51, selon le cas; C son impôt de la partie VIII en main remboursable à la fin de l’année. (unused scientific research and experimental development tax credit) Fiducie
Pour l’application du présent article et de l’article 53, lorsqu’un contribuable, autre qu’un courtier ou un négociant en valeurs, est un bénéficiaire d’une fiducie, et qu’une société désigne un montant en vertu du paragraphe 194(4) à l’égard d’une action, d’une créance ou d’un droit acquis par la fiducie durant une année d’imposition de cette fiducie à titre de premier détenteur ou de détenteur inscrit, selon le cas, exception faite d’un courtier ou d’un négociant en valeurs, a) la fiducie peut préciser, dans sa déclaration de revenu de cette année, quelle fraction de ce montant il est, compte tenu des circonstances (y compris les modalités de l’acte de fiducie) raisonnable de considérer comme étant attribuable au contribuable et qui n’a pas été désignée par la fiducie au profit de quelque autre bénéficiaire de cette fiducie; b) la fraction précisée en application de l’alinéa a) est réputée être un montant désigné par la société, en vertu du paragraphe 194(4), le dernier jour de cette année, à l’égard d’une action, d’une créance ou d’un droit, selon le cas, acquis par le contribuable à ce moment et dont il est le premier détenteur ou détenteur inscrit, selon le cas, exception faite d’un courtier ou d’un négociant en valeurs. Exclusion de certaines fiducies (3.1) Pour l’application du paragraphe (3), le terme fiducie ne vise pas une fiducie qui est : a) soit régie par un régime de prestations aux employés ou par un régime annulé de participation différée aux bénéfices; b) soit exonérée d’impôt en vertu de l’article 149. exceeds Société de personnes
Pour l’application du présent article et de l’article 53, lorsqu’un contribuable, autre qu’un courtier ou un négociant en valeurs, est un associé d’une société de personnes, et qu’une société désigne un montant, en vertu du paragraphe 194(4), à l’égard d’une action, d’une créance ou d’un droit acquis par la société de personnes durant une année d’imposition de cette société de personnes à titre de premier détenteur ou détenteur inscrit, selon le cas, exception faite d’un courtier ou d’un négociant en valeurs, toute fraction de ce montant qu’il est raisonnable de considérer comme la part du contribuable est réputée être un montant désigné par la société le dernier jour de cette année en vertu du paragraphe 194(4) à l’égard d’une action, d’une créance ou d’un droit, selon le cas, acquis par le contribuable à ce moment et dont il est le premier détenteur, selon le cas, exception faite d’un courtier ou d’un négociant en valeurs. Société coopérative
Lorsqu, à un moment donné d’une année d’imposition, un contribuable qui est une société coopérative (au sens du paragraphe 136(2)) et qui, conformément au paragraphe 135(3), déduit ou retient un montant sur un paiement qu’il a fait à une personne conformément à une répartition proportionnelle à l’apport commercial, le contribuable peut déduire du montant devant par ailleurs être remis au receveur général, en application du paragraphe 135(3), un montant ne dépassant pas l’excédent éventuel du montant visé à l’alinéa a) sur la somme visée à l’alinéa b): a) le montant qui, sans le présent paragraphe, correspondrait à son crédit d’impôt pour des activités de recherche scientifique et de développement expérimental pour l’année d’imposition durant laquelle il a fait le paiement, si cette année s’était terminée immédiatement avant le moment donné; b) la somme de chacun des montants déduits visés au présent paragraphe de tout montant devant par ailleurs être versé, en application du paragraphe 135(3), au titre des paiements qu’il a faits avant le moment donné et au cours de l’année d’imposition; le montant ainsi déduit du montant devant par ailleurs être versé en application du paragraphe 135(3) est : c) déduit dans le calcul du crédit d’impôt pour des activités de recherche scientifique et de développement expérimental auquel a droit le contribuable pour l’année d’imposition; exceeds (b) where the amount determined under subparagraph 127.3(6)(a)(ii) exceeds the amount determined under subparagraph (a)(i), the excess shall Déduction à l’égard du coût
Pour l’application de la présente loi, lorsque, à un moment donné au cours d’une année d’imposition, un contribuable a acquis une action, une créance ou un droit dont il est le premier détenteur ou détenteur inscrit, selon le cas, exception faite d’un courtier ou d’un négociant en valeurs, et à l’égard duquel une société a, à un moment donné, désigné un montant en vertu du paragraphe 194(4), dans le calcul du coût d’acquisition de l’action, de la créance ou du droit, les règles suivantes s’appliquent : a) il est réputé avoir acquis l’action, la créance ou le droit à un coût pour lui égal à l’excédent de l’élément visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le coût pour lui déterminé par ailleurs, (ii) 50 % du montant désigné à l’égard de l’action, de la créance ou du droit; b) lorsque le montant déterminé en vertu du sous-alinéa a)(ii) dépasse le montant déterminé en vertu du sous-alinéa a)(i), l’excédent est : (i) lorsque l’action, la créance ou le droit, selon le cas, est pour lui une immobilisation, réputé être un gain en capital du contribuable pour l’année provenant de la disposition de cette immobilisation, (ii) dans tout autre cas, inclus dans le calcul du revenu du contribuable pour l’année; en outre, le coût pour lui de l’action, de la créance ou du droit, selon le cas, est réputé égal à zéro. Société de personnes
Pour l’application du présent article et de la partie VIII, une société de personnes est réputée être une personne et son année d’imposition est réputée correspondre à son exercice. Définition de impôt payable par ailleurs
Pour l’application du présent article, impôt payable par ailleurs en vertu de la présente partie, à l’égard d’un contribuable, s’entend du montant que celui-ci devrait payer en vertu de la présente partie sans le présent article et l’article 120.1. Election re first holder
For greater certainty, Definitions
--- Choix : premier détenteur
Lorsqu’une action ou une créance d’une société publique a été légalement distribuée au public conformément à un prospectus, un état d’enregistrement ou un document semblable produit auprès d’une administration au Canada conformément à la législation fédérale ou provinciale et, si la loi l’exige, accepté par cette administration, la société, si elle a désigné un montant relativement à l’action ou à la créance en application du paragraphe 194(4), peut, dans le formulaire prescrit à présenter en application de ce paragraphe, faire le choix pour que, pour l’application du présent article, la première personne, autre qu’un courtier ou un négociant en valeurs, à avoir acquis l’action ou la créance, le cas, (et nulle autre) soit considérée comme le premier détenteur inscrit de l’action ou de la créance. Calcul de la contrepartie
Il est entendu que : a) dans l’application du présent article et de la partie VIII, le montant de la contrepartie de l’acquisition et de l’émission d’une action, d’une créance ou de l’attribution d’un droit comprend toute contrepartie de la désignation faite relativement à l’action, à la créance ou au droit, en application du paragraphe 194(4); b) le montant reçu par une société en contrepartie de la désignation faite relativement à une action, à une créance qu’elle a émise ou à un droit qu’elle a attribué, en application du paragraphe 194(4), n’est pas inclus dans le calcul de son revenu. Définitions
acquisition initiale Opération par laquelle une action est acquise pour la première fois. Toutefois : a) sous réserve des alinéas b) et c), l’action est souscrite irrévocablement et payée avant d’être acquise pour la première fois au titre d’une acquisition initiale lorsqu’elle est ainsi souscrite et payée pour la première fois; b) une action est réputée n’avoir jamais été acquise ou souscrite irrévocablement et payée, et ce, malgré tout détenteur inscrit sous réserve de l’alinéa c), la première personne à l’avoir acquise ou à la souscrire irrévocablement est le payeur; labour-sponsored funds tax credit [Repealed, 1997, c. 25, s. 37] exceeds c) pour l’application de la présente définition, la personne qui agit en qualité de courtier en valeurs est réputée ne jamais acquérir ou souscrire et payer l’action et ne jamais en être le détenteur inscrit. (original acquisition) action approuvée Action du capital-actions d’une société à capital de risque de travailleurs visée par règlement, à l’exclusion des actions suivantes : a) l’action émise par une société agréée à capital de risque de travailleurs après l’abandon de son entreprise à capital de risque; b) l’action émise par une société à capital de risque de travailleurs visée par règlement qui n’est pas une société agréée à capital de risque de travailleurs si, au moment de l’émission, aucune des règles ou conditions des lois desquelles (visées à l’article 6701 du Règlement de l’impôt sur le revenu) la société est constituée, enregistrée, inscrite ou, selon le cas, n’offre d’aide relativement à l’acquisition de l’action. (approved share) coût net Coût, pour un particulier, d’une action approuvée s’entend de l’excédent du montant visé à l’alinéa a) sur le montant visé à l’alinéa b) : a) le montant payé par le particulier en contrepartie de l’acquisition ou de la souscription de l’action; b) le montant d’une aide, sauf un montant inclus dans le calcul d’un crédit d’impôt du particulier pour cette action, fournie ou à fournir par un gouvernement, une municipalité ou une administration au titre de l’action ou en vue de son acquisition. (net cost) crédit d’impôt relatif à un fonds de travailleurs [Abrogé, 1997, ch. 25, art. 37] fiducie admissible Quant à un particulier relativement à une action : a) fiducie régie par un régime enregistré d’épargne-retraite, dont le particulier est le rentier, qui n’est pas un régime au profit de l’époux ou du conjoint de fait, au sens du paragraphe 146(1), quant à un autre particulier; b) fiducie régie par un régime enregistré d’épargne-retraite, dont le particulier ou son époux ou conjoint de fait est le rentier, qui est un régime au profit de l’époux ou du conjoint de fait, au sens du paragraphe 146(1), quant au particulier ou à son époux ou conjoint de fait, pourvu que le particulier, et aucune autre personne, demande une déduction prévue au paragraphe (2) relativement à l’action; Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
Amalgamations or mergers (1.1) Subsections 204.8(2) and 204.85(3) apply for the purpose of this section.
and (4) [Repealed, 1999, c. 22, s. 49] (a) $750, and exceeds Impôt sur le revenu
c) fiducie régie par un compte d’épargne libre d’impôt dont le particulier est le titulaire. (qualifying trust) impôt payable par ailleurs Le montant qui, sans le présent article, serait l’impôt payable en vertu de la présente partie par un particulier. (tax otherwise payable) Fusions ou unifications (1.1) Les paragraphes 204.8(2) et 204.85(3) s’appliquent dans le cadre du présent article. Crédit d’impôt relatif à un fonds de travailleurs
Est déductible de l’impôt payable par ailleurs par un particulier, sauf une fiducie, pour une année d’imposition un montant ne dépassant pas le plafond de crédit d’impôt relatif à un fonds de travailleurs qui lui est applicable pour l’année.
et (4) [Abrogés, 1999, ch. 22, art. 49] Plafond du crédit d’impôt relatif à un fonds de travailleurs
Pour l’application du paragraphe (2), le plafond du crédit d’impôt relatif à un fonds de travailleurs applicable à un particulier pour une année d’imposition correspond au moins élevé des montants suivants : a) 750 $; b) 0,15 × A + 0,05 × B où : A représente le moins élevé des montants suivants : (i) 5 000 $, (ii) le total des montants dont chacun est le coût net de l’acquisition initiale d’une action d’une société à capital de risque de travailleurs visée par règlement (à l’exception d’une société qui est une société à capital de risque de travailleurs visée par règlement du seul fait qu’il s’agit d’une société agréée à capital de risque de travailleurs), B le moins élevé des montants suivants : (i) l’excédent éventuel de 5 000 $ sur le total visé au sous-alinéa (i) de l’élément A, (ii) le total des montants dont chacun est le coût net de l’acquisition initiale d’une action d’une société qui est une société à capital de risque de travailleurs visée par règlement du seul fait qu’il s’agit d’une société agréée à capital de risque de travailleurs; (a.2) nil, if b) l’excédent éventuel du total visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii): (i) le total des montants représentant chacun le crédit d’impôt relatif à un fonds de travailleurs du particulier relativement à l’acquisition initiale d’une action approuvée, effectuée au cours de l’année ou des 60 premiers jours de l’année d’imposition subséquente, (ii) la partie du total visé au sous-alinéa (i) qui a été déduite en application du paragraphe (2) dans le calcul de l’impôt payable par le particulier en vertu de la présente partie pour l’année d’imposition précédente. Présomption d’acquisition initiale (5.1) Si le ministre l’ordonne, l’acquisition initiale d’une action approuvée qui est effectuée au cours de l’année d’imposition d’un particulier (sauf les 60 premiers jours de l’année) est réputée, pour l’application du présent article, avoir été effectuée au début de l’année et non au moment où elle a réellement été effectuée. Crédit d’impôt relatif à un fonds de travailleurs
Pour l’application du paragraphe (5), le crédit d’impôt relatif à un fonds de travailleurs d’un particulier ou d’une fiducie admissible quant à lui relativement à l’acquisition initiale d’une action approuvée correspond au moins élevé des montants suivants: a) 15 % du coût net, pour le particulier ou une fiducie admissible quant à lui relativement à l’action, de l’acquisition initiale de l’action par le particulier ou la fiducie, si l’action est une action d’une société à capital de risque de travailleurs visée par règlement (à l’exception d’une société qui est une société à capital de risque de travailleurs visée par règlement du seul fait qu’il s’agit d’une société agréée à capital de risque de travailleurs); a.1) 5 % du coût net, pour le particulier ou une fiducie admissible quant à lui relativement à l’action, de l’acquisition initiale de l’action par le particulier ou la fiducie, les énoncés ci-après se vérifient: (i) l’année d’imposition 2016 est celle pour laquelle un montant est déduit en application du paragraphe (2) au titre de l’acquisition initiale, (ii) l’action est une action d’une société qui est une société à capital de risque de travailleurs visée par règlement du seul fait qu’il s’agit d’une société agréée à capital de risque de travailleurs; a.2) zéro, si: [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 127.4; 1994, c. 7, Sch. II, s. 106, Sch. VIII, s. 62; 1997, c. 25, s. 37; 1999, c. 22, s. 49; 2000, c. 12, s. 142; 2019, c. 36, s. 296; 2022, c. 44, s. 270; 2023, c. 44, s. 59; 2016, c. 7, s. 36. A × B/C where (i) d’une part, une année d’imposition postérieure à 2016 est celle pour laquelle un montant est déduit en application du paragraphe (2) au titre de l’acquisition initiale, (ii) d’autre part, l’action est une action d’une société qui est une société à capital de risque de travailleurs visée parce qu’elle est inscrite à titre d’une société agréée à capital de risque de travailleurs; b) zéro, dans le cas où l’action a été émise par une société agréée à capital de risque de travailleurs, sauf si la déclaration de renseignements visée à l’alinéa 204.81(6)c) est produite avec la déclaration de revenu du particulier pour l’année d’imposition pour laquelle un montant est déduit en application du paragraphe (2) au titre de l’acquisition initiale de l’action (à l’exception d’une déclaration de revenu produite en vertu du paragraphe 70(2), des alinéas 104(23)d) ou 128(2)e) ou du paragraphe 150(4)); c) zéro, dans le cas où le particulier décède après le 5 décembre 1996 et avant l’acquisition initiale de l’action; d) zéro, dans le cas où un paiement au titre de la disposition de l’action est effectué en application de l’article 211.9; e) zéro, dans le cas où l’action est émise en échange d’une autre action de la société. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir lois et règlements modificatifs pertinents.] L.R. (1985), ch. 1, 5e suppl., art. 127.4; 1994, ch. 7, ann. II, art. 106, ann. VIII, art. 62; 1997, ch. 25, art. 37; 1999, ch. 22, art. 49; 2000, ch. 12, art. 142; 2019, ch. 36, art. 296; 2022, ch. 44, art. 270; 2023, ch. 44, art. 59; 2016, ch. 7, art. 36. Crédit d’impôt de la partie XII.4
a) le total des montants représentant chacun le résultat du calcul suivant : A × B/C où : A représente l’impôt payable en vertu de la partie XII.4 par une fiducie pour l’environnement admissible pour une année d’imposition (appelée « année de la fiducie » au présent alinéa) se terminant dans l’année donnée, B l’excédent éventuel du total des montants relatifs à la fiducie qui ont été inclus, par l’effet du paragraphe 107.3(1) mais non parce que Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION c Rules Applicable to all Taxpayers Sections 127.41-127.42 exceeds Definitions Impôt sur le revenu
contribuable est l’associé d’une société de personnes, dans le calcul du revenu du contribuable pour l’année donnée sur le total des montants relatifs à la fiducie qui ont été déduits, par l’effet de ce paragraphe mais non parce que le contribuable est un tel associé, dans le calcul de ce revenu, C le revenu de la fiducie pour l’année de la fiducie, calculé compte non tenu des paragraphes 104(4) à (31) et des articles 105 à 107, et b) pour ce qui est de chaque société de personnes dont le contribuable est un associé, le total des montants représentants chacun le montant qu’il est raisonnable de considérer comme la part qui revient au contribuable du crédit applicable relativement à la société de personnes; à cette fin, le crédit applicable relativement à une société de personnes correspond au montant qui, si la société de personnes était une personne et son exercice, une année d’imposition, représenterait son crédit d’impôt de la partie XII.4 pour son année d’imposition qui se termine au cours de l’année donnée. Réduction de l’impôt de la partie I
Un contribuable peut déduire de son impôt payable par ailleurs en vertu de la présente partie pour une année d’imposition un montant ne dépassant pas son crédit d’impôt de la partie XII.4 pour l’année. Présomption de paiement de l’impôt de la partie I
Est réputé avoir été payé au titre de l’impôt payable en vertu de la présente partie par un contribuable pour une année d’imposition, sauf un contribuable exonéré de cet impôt, à la date d’exigibilité du solde qui lui est applicable pour l’année un montant ne dépassant pas l’excédent éventuel du montant visé à l’alinéa a) sur le montant visé à l’alinéa b): a) le crédit d’impôt de la partie XII.4 du contribuable pour l’année; b) le montant déduit en application du paragraphe (2) dans le calcul de l’impôt de la partie I du contribuable pour l’année de la présente partie pour l’année. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent codifié; voir les lois et règlements modificatifs applicables.] Définitions
activités agricoles S’entend d’une entreprise agricole, incluant ou excluant les activités visées par règlement. (farming activities) A × B where A is A ÷ B where C ÷ D where C + D where E + F where province déterminée S’entend d’une province désignée par le ministre des Finances pour une année civile. (designated province) taux de paiement S’entend, relativement à une année civile pour une province déterminée, du taux prévu par le ministre des Finances pour l’année civile pour la province déterminée. (payment rate) (A × B) × (C ÷ D) where Montant réputé versé au titre de l’impôt
Un contribuable (sauf une société de personnes) qui joint à sa déclaration de revenu pour une année d’imposition un formulaire prescrit contenant les renseignements prescrits est réputé, à la date d’exigibilité de solde qui lui est applicable pour l’année, avoir versé au titre de son impôt payable au titre de la présente partie pour l’année le total des sommes dont chacune représente une somme pour chaque province déterminée et pour chaque fraction de l’année civile qui se trouve dans l’année d’imposition, déterminé par la formule suivante : (A × B) × (C ÷ D) où : A représente le taux de paiement pour l’année civile pour la province déterminée; B les dépenses agricoles admissibles du contribuable pour la province déterminée pour l’année d’imposition; C le nombre de jours de l’année d’imposition qui se trouvent dans l’année civile; D le nombre de jours de l’année d’imposition. (A × B) × (C + D) × E where E is the specified proportion of the taxpayer for the fiscal period. Montant réputé versé au titre de l’impôt — société de personnes
Lorsqu’un contribuable (sauf une société de personnes) est un associé d’une société de personnes à la fin d’un exercice de la société de personnes qui se termine dans une année d’imposition du contribuable — que la société de personnes produit un formulaire prescrit contenant des renseignements prescrits pour cet exercice et que le contribuable joint à sa déclaration de revenu pour l’année d’imposition un formulaire prescrit contenant des renseignements prescrits — il est réputé, à la date d’exigibilité du solde qui lui est applicable pour l’année d’imposition, avoir payé au titre de son impôt payable en vertu de la présente partie pour l’année d’imposition, le total des sommes dont chacune représente une somme, pour chaque province déterminée et pour chaque fraction de l’année civile qui se trouve dans l’exercice de la société de personnes, déterminé par la formule suivante : (A × B) × (C + D) × E où : A représente le taux de paiement pour l’année civile pour la province déterminée; B les dépenses agricoles admissibles de la société de personnes pour la province déterminée pour l’exercice; C le nombre de jours de l’exercice qui se trouvent dans l’année civile; D le nombre de jours de l’exercice; E la proportion déterminée du contribuable pour l’exercice. Sociétés de personnes
Pour l’application du présent article, les règles ci-après s’appliquent : a) un contribuable comprend une société de personnes; b) l’exercice d’une société de personnes est réputé être son année d’imposition; c) si un contribuable est un associé d’une société de personnes donnée qui est associée d’une autre société de personnes, il est réputé : (i) être un associé de l’autre société de personnes, (ii) avoir une proportion déterminée dans l’autre société de personnes pour un exercice de l’autre société de personnes égale à sa proportion déterminée dans la société de personnes donnée — pour le Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
Authority to specify
For the purposes of this section, the Minister of Finance may specify for a calendar year Payment rate not specified Impôt sur le revenu
dernier exercice de la société de personnes donnée qui se termine au cours de l’exercice de l’autre société de personnes – multiplié par la proportion déterminée de la société de personnes donnée dans l’autre société de personnes pour l’exercice de l’autre société de personnes. Pouvoirs de désigner ou prévoir
Pour l’application du présent article, le ministre des Finances peut, pour une année civile : a) désigner les provinces déterminées; b) prévoir le taux de paiement pour une province déterminée. Taux de paiement non prévu
Pour l’application du présent article, si le ministre des Finances ne prévoit pas le taux de paiement pour une province déterminée en vertu de l’alinéa (5)b), le taux de paiement est réputé être nul. Moment de réception d’un montant d’aide
Pour l’application de la présente loi, et il est entendu qu’un montant qu’un contribuable est réputé avoir payé en vertu des paragraphes (2) ou (3), pour une année d’imposition est un montant d’aide qu’il a reçu d’un gouvernement immédiatement avant la fin de l’année. Proportion pertinente — règle spéciale
Aux fins du calcul de la proportion pertinente des dépenses agricoles admissibles d’un contribuable pour une province déterminée au cours d’une année d’imposition, les règles ci-après s’appliquent : a) si le revenu d’un particulier ou d’une société de personnes provenant d’activités agricoles pour l’année est nul, le revenu pour l’année provenant d’activités agricoles qui est réputé avoir été gagné au cours de l’année dans la province déterminée est calculé conformément à la partie XXVI du Règlement de l’impôt sur le revenu comme si le revenu provenant des activités agricoles gagné par le particulier ou la société de personnes s’élevait à 1 000 000 $; b) si le revenu imposable d’une société est nul, le revenu imposable de la société qui est réputé avoir été gagné au cours de l’année dans la province déterminée est calculé conformément à la partie IV du Règlement de l’impôt sur le revenu comme si le revenu imposable de la société pour l’année s’élevait à 1 000 000 $. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent texte consolidé; voir les lois et règlements modificatifs appropriés.] 2022, c. 5, art. 5. Definitions 2023 business number means the business number of a corporation which the corporation used to make remittances for employees for the corporation’s last taxation year ending in 2023. (numéro d’entreprise 2023) Deemed amount 2019-2023 A × B × C where A B is C is A × B × C where B is C is Authority to specify
For the purposes of this section, the Minister of Finance may specify for a calendar year (b) the fuel return specified for a designated province. Amount not specified
For the purposes of this section, if the Minister of Finance does not specify a fuel return specified for a designated province for a calendar year under paragraph Predecessor corporation Predecessor corporation Definitions (c) a partnership. (entité déterminée) $15,000,000 > A + B where Présomption d’une année d’imposition
Pour l’application du paragraphe (3), lorsqu’une société a plus d’une année d’imposition qui se termine au cours de la même année civile, l’année d’imposition donnée est la première année d’imposition qui se termine au cours de cette année civile. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2024, ch. 17, art. 35. Définitions
dépense admissible S’entend de toute dépense visée par règlement engagée ou effectuée par une entité déterminée pendant la période d’admissibilité dans le cours de ses activités commerciales normales. (qualifying expenditure) dépense totale de ventilation Relativement à une entité déterminée pour une année d’imposition, s’entend de la somme des suivantes : a) le total des montants représentant chacun une dépense totale par emplacement pour un emplacement de l’entité déterminée pour l’année d’imposition; b) la somme obtenue par la formule suivante : 50 000 $ × X – Y où : X représente, selon le cas : (i) 100 %, sauf si l’entité déterminée est affiliée à un moment donné durant la période d’admissibilité à une ou plusieurs entités déterminées réputées avoir payé une somme en application du paragraphe (2) relativement à la période d’admissibilité ou, dans le cas d’une société de personnes, l’un de ses associés est réputé avoir payé une somme en application du paragraphe (2) relativement à la société de personnes, (ii) un pourcentage attribué à l’entité déterminée en vertu d’une entente, si, à la fois : (A) l’entente est conclue entre l’entité déterminée et chacune des entités déterminées qui, à la fois : (I) est affiliée à l’entité déterminée durant la période d’admissibilité, (II) est réputée avoir payé une somme en application du paragraphe (2) relativement à la période d’admissibilité ou, dans le cas d’une société de personnes, l’un de (dépense admissible) (emplacement admissible) A – B where $10,000 – C where ses associés est réputé avoir payé une somme en application du paragraphe (3) relativement à la société de personnes. (B) l’entente est présentée au ministre par l’entité déterminée et chaque entité déterminée visée à la division (A), selon le formulaire prescrit et les modalités prescrites, (C) l’entente attribue, aux fins de la présente définition, un pourcentage relativement à chaque entité déterminée mentionnée à la division (A), (D) la somme des pourcentages attribués en vertu de l’entente ne dépasse pas 100 %, (iii) dans les autres cas, zéro, Y le total des sommes représentant chacune la dépense totale de ventilation de l’entité déterminée pour une année d’imposition déterminée, imputable à une somme réputée avoir été payée en application des paragraphes (2) ou (3). (total ventilation expense) dépense totale par emplacement Relativement à un emplacement admissible d’une entité déterminée pour une année d’imposition, correspond au moindre des montants suivants : a) le montant obtenu par la formule suivante : A – B où : A représente le total des sommes représentant chacune une dépense admissible de l’entité déterminée engagée ou effectuée dans l’année d’imposition à l’égard d’un emplacement admissible (ou, pour la première année d’imposition qui se termine après 2021, les dépenses admissibles effectuées ou engagées à l’égard d’un emplacement admissible depuis le début de la période d’admissibilité jusqu’à la fin de cette première année d’imposition), B le total des sommes représentant chacune un montant d’aide que l’entité déterminée a reçu, est en droit de recevoir ou peut vraisemblablement s’attendre à recevoir, relativement aux sommes visées à l’élément A, et qui n’a pas été remboursé avant la fin de l’année d’imposition conformément à une obligation légale de remboursement; b) la somme obtenue par la formule suivante : 10 000 $ – C où : (dépense totale par emplacement) $50,000 × X — Y where X is emplacement admissible Relativement à une entité déterminée, s’entend d’un bien immeuble ou réel (à l’exclusion d’un bien qui est un établissement domestique ou une partie de l’établissement, le fonds de terre sous-jacent à l’établissement domestique ainsi que la partie des fonds de terre qui n’est pas raisonnable de considérer comme étant utilisée dans le commerce raisonnable au Canada) utilisé par l’entité déterminée dans le cadre de ses activités commerciales normales. (qualifying location) entité déterminée Pour une année d’imposition s’entend, selon le cas : a) d’une société admissible pour l’année d’imposition; b) d’un particulier, à l’exclusion d’une fiducie; c) d’une société de personnes. (eligible entity) montant d’aide Un montant (à l’exclusion d’un montant prescrit ou d’un montant réputé payé en vertu du paragraphe (2)) qui serait inclus en application de l’alinéa 12(1)x) dans le calcul du revenu d’une entité déterminée pour une année d’imposition, compte non tenu des sous-alinéas 12(1)x)(i) à (vii). (assistance) période d’admissibilité Correspond à la période du 1er septembre 2021 au 31 décembre 2022. (qualifying period) société admissible Pour une année d’imposition donnée, s’entend d’une société donnée qui satisfait aux conditions suivantes : a) elle est une société privée sous contrôle canadien ou le serait compte non tenu du paragraphe 136(1);
where B is the specified proportion of the eligible entity for the fiscal period of the partnership. b) l’énoncé de la formule ci-après s’avère : 15 000 000 $ > A + B où : A représente le capital imposable de la société donnée utilisé au Canada (s’entendant dans cette formule au sens des articles 181.2 ou 181.3) pour son année d’imposition précédente, B le total des sommes représentant chacune le capital imposable utilisé au Canada d’une société associée dans l’année d’imposition donnée à la société donnée pour la dernière année d’imposition de la société associée qui s’est terminée avant le début de l’année d’imposition donnée. (qualifying corporation) Crédit d’impôt remboursable
Une entité déterminée (sauf une société de personnes) qui joint à sa déclaration de revenu pour une année d’imposition se terminant après 2021 un formulaire prescrit contenant des renseignements prescrits est réputée avoir payé, à la date d’exigibilité de son solde qui lui est applicable pour l’année en cause, au titre de son impôt payable pour l’année en vertu de la présente partie, un montant égal à 25 % de sa dépense totale de ventilation pour l’année d’imposition. Crédit d’impôt remboursable — société de personnes
Lorsqu’une entité déterminée (sauf une société de personnes) est un associé d’une société de personnes à la fin d’un exercice de la société de personnes se terminant à la fois après 2021 et dans une année d’imposition de l’entité déterminée — que la société de personnes produit une déclaration de renseignements selon le formulaire prescrit contenant les renseignements prescrits pour cet exercice et que l’entité déterminée produit un formulaire prescrit contenant les renseignements prescrits avec sa déclaration de revenu pour l’année d’imposition — l’entité déterminée est réputée avoir payé, à la date d’exigibilité de son solde qui lui est applicable pour l’année en vertu de la présente partie, la somme obtenue par la formule suivante : 0,25 × A × B où : A représente la dépense totale de ventilation de la société de personnes pour l’exercice; B la proportion déterminée de l’entité déterminée pour l’exercice de la société de personnes. Definitions (b) is captured directly from the ambient air. (carbone capté) Sociétés de personnes
Pour l’application du présent article, les règles ci-après s’appliquent : a) l’exercice d’une société de personnes est réputé être son année d’imposition; b) si une entité déterminée est un associé d’une société de personnes donnée qui est un associé d’une autre société de personnes, l’entité déterminée est réputée (i) être un associé de l’autre société de personnes, (ii) avoir une proportion déterminée dans l’autre société de personnes pour un exercice de l’autre société de personnes égale à sa proportion déterminée dans la société de personnes donnée — pour le dernier exercice de la société de personnes donnée qui se termine dans l’exercice de l’autre société de personnes — multipliée par la proportion déterminée de la société de personnes donnée dans l’autre société de personnes pour l’exercice de l’autre société de personnes. Moment de réception d’un montant d’aide
Pour l’application de la présente loi, à l’exception du présent article, il est entendu qu’un montant qu’une entité déterminée est réputée, en application des paragraphes (2) ou (3), avoir payé est un montant d’aide qu’elle a reçu d’un gouvernement immédiatement avant la fin de l’année d’imposition à laquelle le montant se rapporte. Entités affiliées
Pour l’application du présent article, si deux entités déterminées sont affiliées à la même entité déterminée, elles sont réputées être affiliées l’une à l’autre. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2022, c. 5, art. 6. Définitions
carbone capté Dioxyde de carbone capté qui, selon le cas : a) serait par ailleurs relâché dans l’atmosphère; b) est capté directement de l’air ambiant. (captured carbon) (a) capture of carbon dioxide (ii) directly from the ambient air; and (b) storage or use of the captured carbon. (processus de CUSC) (a) capturing carbon dioxide (ii) directly from the ambient air; (c) storing or using captured carbon. (projet de CUSC) (d) a formation in which no captured carbon is used for enhanced oil recovery. (stockage géologique dédié) contribuable admissible Société canadienne imposable. (qualifying taxpayer) crédit d’impôt pour le CUSC Montant qui est réputé en vertu du paragraphe (2) avoir été payé par un contribuable au titre de son impôt payable en vertu de la présente partie pour l’année. (CCUS tax credit) dépense admissible pour le captage du carbone Relativement à un contribuable pour une année d’imposition, s’entend d’une somme représentant la partie d’une dépense qu’il engage pour acquérir un bien dans l’année relativement à un projet de CUSC admissible du contribuable obtenue par la formule suivante : A × (B + C + D + E) × F où : A relativement au bien acquis par le contribuable dans l’année (sauf un bien situé à l’étranger), représente, selon le cas : a) le coût en capital du bien qui est décrit (et, dans le cas d’un bien acquis avant le premier jour des activités commerciales du projet, le ministre des Ressources naturelles le confirme comme étant décrit) : (i) soit à l’alinéa a) de la catégorie 57 de l’annexe II du Règlement de l’impôt sur le revenu, (ii) soit à l’un des alinéas a) à g) de la catégorie 57 de l’annexe II du Règlement de l’impôt sur le revenu relativement au matériel visé à l’alinéa a) de cette catégorie; b) la fraction du coût en capital du matériel à double usage qui, selon le cas : (i) si le matériel est visé au sous-alinéa a)(i) de la définition de matériel à double usage au présent paragraphe, ou est acquis en lien avec ce matériel, est représentée par rapport entre la quantité d’énergie devant être produite à des fins d’utilité dans le cadre d’un projet de CUSC admissible au cours de la période totale d’examen du projet de CUSC et la quantité totale d’énergie que le matériel devrait produire au cours de cette période, le montant étant non nul de l’énergie que le matériel produit et consommée dans le processus de production d’énergie, selon le dernier plan de projet pour le projet, (ii) si le matériel est visé au sous-alinéa a)(ii) de la définition de matériel à double usage au présent paragraphe, ou est acquis en lien avec ce matériel, est représentée par rapport entre la masse d’eau qui devrait être retournée d’un projet de CUSC admissible au cours de la période totale d’examen du projet de CUSC et la masse totale d’eau devant être retournée au matériel au cours de cette période, selon le dernier plan de projet pour le projet, (iii) si le matériel est visé au sous-alinéa a)(iii) de la définition de matériel à double usage au présent paragraphe, ou est acquis en lien avec ce matériel, est représentée par le rapport entre la quantité d’énergie électrique que le matériel devrait transmettre à des fins d’utilisation dans le cadre d’un projet de CUSC admissible au cours de la période totale d’examen du projet de CUSC et la quantité totale d’énergie électrique que le matériel (ou le nouveau matériel devant transmettre au cours de cette période (déterminée en fonction de l’énergie que le matériel consomme dans le processus de transmission), selon le dernier plan de projet pour le projet; (iv) si le matériel est visé au sous-alinéa a)(iv) de la définition de matériel à double usage au présent paragraphe, ou est acquis en lien avec ce matériel, est représentée par le rapport entre la quantité d’énergie électrique ou thermique que le matériel (ou le nouveau matériel devant transmettre au cours de cette période (déterminée en fonction de l’énergie que le matériel consomme dans le processus de distribution), selon le dernier plan de projet pour le projet; B : a) si le moment où la dépense est engagée est postérieure à la première période du projet; b) sinon, le pourcentage d’utilisation admissible prévu pour la première période du projet; C : a) si le moment où la dépense est engagée est postérieure à la deuxième période du projet; b) sinon, le pourcentage d’utilisation admissible prévu pour la deuxième période du projet; D : (i) an electrical system, (ii) a fuel supply system, (iii) a liquid delivery and distribution system, (iv) a cooling system, (vi) a process venting system, (viii) a utility air or nitrogen distribution system; (d) equipment used solely to refurbish property described in paragraphs (a) or (b) or subparagraphs (c)(i) and (ii) that is part of the CCUS project of the taxpayer. (matériel à double usage) a) si le moment où la dépense est engagée est postérieur à la troisième période du projet, 0, b) sinon, le pourcentage d’utilisation admissible prévu pour la troisième période du projet; E le pourcentage d’utilisation admissible prévu pour la quatrième période du projet; F : a) si le moment où la dépense est engagée est antérieur à la deuxième période du projet, 0,25, b) si le moment où la dépense est engagée est au cours de la deuxième période du projet, 0,33, c) si le moment où la dépense est engagée est au cours de la troisième période du projet, 0,5, d) si le moment où la dépense est engagée est au cours de la quatrième période du projet, 1. (qualified carbon capture expenditure) dépense admissible pour le stockage du carbone Relativement à un contribuable pour une année d’imposition, s’entend d’une somme représentant le coût en capital engagé par le contribuable afin d’acquérir dans l’année, relativement à un projet de CCUS admissible du contribuable, un bien (sauf un bien situé à l’étranger) qui, à la fois : a) devrait, selon le dernier plan de projet du projet de CCUS admissible avant le moment où la dépense est engagée, prendre en charge le stockage du carbone capté, conformément au bien visé à l’alinéa a) de la définition de utilisation admissible, b) est décrit (et, dans le cas d’un bien acquis avant le premier jour des activités commerciales du projet, que le ministre des Ressources naturelles a confirmé comme étant un bien qui est décrit) : (i) soit à l’alinéa c) de la catégorie 57 de l’annexe II du Règlement de l’impôt sur le revenu, (ii) soit à l’un des alinéas d) à g) de la catégorie 57 de l’annexe II du Règlement de l’impôt sur le revenu relativement au matériel visé à l’alinéa c) de cette catégorie. (qualified carbon storage expenditure) dépense admissible pour le transport du carbone Relativement à un contribuable pour une année d’imposition, s’entend d’une somme représentant la partie d’une dépense qu’il engage pour acquérir un bien dans l’année relativement à un projet de CCUS admissible du contribuable, obtenue par la formule suivante : A × (B + C + D + E) × F (utilisation non admissible) (a) obtaining permits or regulatory approvals; (d) conducting environmental assessments; or (e) clearing or excavating land. (travaux préliminaires de CUSC) A ÷ B where où : A relativement au bien acquis par le contribuable dans l’année (sauf un bien situé à l’étranger), représente le coût en capital du bien qui est décrit (et, dans le cas d’un bien acquis avant le premier jour des activités commerciales du projet, que le ministre des Ressources naturelles a confirmé comme étant un bien qui est décrit) a) soit à l’alinéa b) de la catégorie 57 de l’annexe II du Règlement de l’impôt sur le revenu, b) soit à l’un des alinéas a) à d) de la catégorie 57 de l’annexe II du Règlement de l’impôt sur le revenu relativement au matériel visé à l’alinéa b) de cette catégorie; B : a) si le moment où la dépense est engagée est postérieur à la première période du projet, b) sinon, le pourcentage d’utilisation admissible prévu pour la première période du projet; C : a) si le moment où la dépense est engagée est postérieur à la deuxième période du projet, b) sinon, le pourcentage d’utilisation admissible prévu pour la deuxième période du projet; D : a) si le moment où la dépense est engagée est postérieur à la troisième période du projet, b) sinon, le pourcentage d’utilisation admissible prévu pour la troisième période du projet; E le pourcentage d’utilisation admissible prévu pour la quatrième période du projet; F : a) si le moment où la dépense est engagée est antérieur à la deuxième période du projet, 0,25, b) si le moment où la dépense est engagée est au cours de la deuxième période du projet, 0,33, c) si le moment où la dépense est engagée est au cours de la troisième période du projet, 0,50, d) si le moment où la dépense est engagée est au cours de la quatrième période du projet, 1. (qualified carbon transportation expenditure) dépense admissible pour l’utilisation du carbone Relativement à un contribuable pour une année d’imposition, s’entend d’une somme représentant le coût en capital engagé par le contribuable afin d’acquérir dans use in both eligible use and ineligible use during the period. (pourcentage d’utilisation admissible prévu) (i) eligible use, and (ii) ineligible use; A × (B + C + D + E) × F where (ii) any of paragraphs (d) to (g) of Class 57 in Schedule II to the Income Tax Regulations in l’année, relativement à un projet de CUSC admissible, un bien (sauf un bien situé à l’étranger) qui, à la fois : a) est décrit (et, dans le cas d’un bien acquis avant le premier jour des activités commerciales du projet, que le ministre des Ressources naturelles a confirmé comme étant un bien qui est décrit) à l’un des alinéas a) à e) de la catégorie 58 de l’annexe II du Règlement de l’impôt sur le revenu; b) devrait, selon le dernier plan de projet du projet de CUSC admissible avant le montant ou la dépense est engagée, prendre en charge le stockage ou l’utilisation du carbone capté, uniquement de la manière visée à l’alinéa b) de la définition de dépense admissible (qualified carbon use expenditure) dépense de CUSC admissible L’une ou l’autre des dépenses suivantes : a) une dépense admissible pour le captage du carbone; b) une dépense admissible pour le transport du carbone; c) une dépense admissible pour le stockage du carbone; d) une dépense admissible pour l’utilisation du carbone. (qualified CCUS expenditure) juridiction désignée L’une ou l’autre des juridictions suivantes : a) les provinces de la Colombie-Britannique, la Saskatchewan et l’Alberta; b) toute autre juridiction à l’intérieur du Canada (notamment la zone économique exclusive du Canada) ou des États-Unis pour lesquelles une désignation par le ministre de l’Environnement en vertu du paragraphe (13) est en vigueur. (designated jurisdiction) matériel à double usage Bien compris dans un projet de CUSC d’un contribuable, à l’exclusion d’un bien visé aux catégories 57 ou 58 de l’annexe II du Règlement de l’impôt sur le revenu, qui est visé à l’un des alinéas ci-après (et, dans le cas d’un bien acquis avant le premier jour des activités commerciales du projet de CUSC, le bien confirmé par le ministre des Ressources naturelles comme étant visé à l’un des alinéas suivants) : a) le matériel qui n’est pas destiné à la transformation du gaz naturel ou à l’injection de gaz acide et qui, le cas : (i) produit de l’énergie électrique, de l’énergie thermique, ou une combinaison d’énergie électrique et thermique, si plus de 50 % soit de l’énergie électrique, soit de l’énergie thermique qui devrait être produite au cours de la période totale d’examen du projet de CUSC, selon le dernier plan de projet (à l’exclusion du matériel qui supporte indirectement le projet de CUSC à titre de réseau électrique), devrait appuyer directement, selon le cas : (A) un projet admissible sur le matériel utile des combustibles fossiles et émet du dioxyde de carbone non soumis au captage au moyen d’un projet de CUSC admissible, (B) un projet admissible pour l’hydrogène propre au sens du paragraphe 127.48(1), sauf si le matériel utilise des combustibles fossiles et émet du dioxyde de carbone non soumis au captage au moyen d’un projet de CUSC admissible, (ii) distribue, recueille, récupère, traite ou recircule l’eau, ou une combinaison de ces activités, à l’appui d’un projet de CUSC admissible, (iii) constitue du matériel qui transmet directement de l’énergie électrique à partir du matériel visé au sous-alinéa (i) à un projet de CUSC admissible ou plus de 50 % de l’énergie électrique qui sera transmise par le matériel au cours de la période totale d’examen du projet de CUSC, selon le dernier plan de projet, devrait appuyer le projet de CUSC admissible ou un projet admissible pour l’hydrogène propre au sens du paragraphe 127.48(1), (iv) constitue du matériel qui distribue de l’énergie électrique ou thermique; b) le matériel qui est physiquement et fonctionnellement intégré au matériel visé à l’alinéa (a) (à l’exclusion du matériel de construction, du mobilier, de l’équipement de bureau et des véhicules) et qui est du matériel auxiliaire qui ne sert qu’à soutenir le matériel visé à l’alinéa (a) dans le cadre de ses fonctions dans un processus de CUSC dans le cadre : (i) d’un système électrique, (ii) d’un système d’alimentation en carburant, (iii) d’un système de livraison et de conditionnement de liquide, (iv) d’un système de refroidissement, (v) d’un système de stockage, de manutention et de distribution des matériaux de processus. B is C is D is F is (d) if the time of the expenditure is during the fourth project period, 1. (dépense admissible pour le captage du carbone) (vi) d’un système de ventilation de procédés, (vii) d’un système de gestion des déchets de procédés, (viii) d’un réseau de distribution d’air utilitaire ou d’azote; c) le bien qui est, selon le cas : (i) utilisé dans le cadre d’un système de contrôle, de surveillance ou de sécurité uniquement pour soutenir le matériel visé aux alinéas a) ou b), (ii) un bâtiment ou une autre structure dont la totalité ou une presque totalité est utilisée, ou destinée à être utilisée, pour l’installation ou l’exploitation de matériel visé aux alinéas a) ou b) ou au sous-alinéa c)(i), (iii) utilisé uniquement pour convertir un autre bien qui ne serait pas autrement visé aux alinéas a) ou b) ou aux sous-alinéas c)(i) et (ii) si la conversion fait en sorte que l’autre bien satisfait à la description aux alinéas a) ou b) ou aux sous-alinéas c)(i) ou (ii); d) le matériel qui servira uniquement à remettre en état un bien visé aux alinéas a) ou b) ou aux sous-alinéas c)(i) et (ii) et qui est compris dans le projet de CUSC du contribuable. (dual-use equipment) période totale d’examen du projet de CUSC Période qui commence le premier jour des activités commerciales d’un projet de CUSC et qui se termine le dernier jour de la quatrième période du projet. (total CCUS project review period) plan de projet Plan qui vise un projet de CUSC et qui, à la fois : a) s’appuie sur une étude initiale d’ingénierie et de conception (ou d’une étude équivalente déterminée par le ministre des Ressources naturelles) pour le projet de CUSC; b) décrit la quantité de carbone capté que le projet de CUSC devrait prévoir envoyer à un lieu de son stockage ou de son utilisation, pour chaque année visée sur la période totale d’examen du projet de CUSC, pour : (i) une utilisation admissible, (ii) une utilisation non admissible; (iii) any of paragraphs (d) to (g) of Class 57 in Schedule II to the Income Tax Regulations in relation to equipment described in paragraph (c) of that Class. (dépense admissible pour le stockage du carbone) A × (B + C + D + E) × F where B is C is D is F is c) contient les renseignements requis par les lignes directrices publiées par le ministre des Ressources naturelles; d) est déposé auprès du ministre des Ressources naturelles, selon les modalités prévues par ce ministre, selon le cas : (i) avant le premier jour des activités commerciales du projet, (ii) si le premier jour des activités commerciales du projet tombe avant que le ministre des Ressources naturelles n’accepte le dépôt du plan, dans les quatre-vingt-dix jours suivant le premier jour où ce dépôt est accepté. (project plan) pourcentage déterminé L’un ou l’autre des pourcentages ci-après relativement aux dépenses suivantes : a) une dépense admissible pour le captage du carbone si celle-ci est engagée relativement au captage du carbone selon l’une des méthodes suivantes : (i) directement de l’air ambiant : (A) après 2021 et avant 2031, 60 %, (B) après 2030 et avant 2041, 30 %, (C) après 2040, 0 %; (ii) autrement que directement de l’air ambiant : (A) après 2021 et avant 2031, 50 %, (B) après 2030 et avant 2041, 25 %, (C) après 2040, 0 %; b) une dépense admissible pour le transport du carbone, une dépense admissible pour le stockage du carbone ou une dépense admissible pour l’utilisation du carbone, si elle est engagée : (i) après 2021 et avant 2031, 37 1/2 %, (ii) après 2030 et avant 2041, 18 3/4 %, (iii) après 2040, 0 %. (specified percentage) pourcentage d’utilisation admissible prévu Montant, exprimé en pourcentage, obtenu par la formule ci-après relativement à un projet de CCUS pour une période : A + B (d) if the time of the expenditure is during the fourth project period, 1. (dépense admissible pour le transport du carbone) (a) qualified carbon capture expenditure; (d) qualified carbon use expenditure. (dépense de CCUS admissible) A représente la quantité de carbone capté que le projet de CCUS devrait, selon le dernier plan de projet pour le projet, prendre en charge à des fins de stockage ou d’utilisation dans le cadre d’une utilisation admissible au cours de la période; B la quantité totale de carbone capté que le projet de CCUS devrait, selon le dernier plan de projet pour le projet, prendre en charge à des fins de stockage ou d’utilisation dans le cadre à la fois d’une utilisation admissible et non admissible au cours de la période. (projected eligible use percentage) premier jour des activités commerciales Jour qui est le premier jour où le dioxyde de carbone capté est livré pour la première fois à un système de transport, de stockage ou d’utilisation de carbone aux fins de stockage ou d’utilisation sur une base opérationnelle continue. (first day of commercial operations) processus de CCUS Processus de captage, d’utilisation et de stockage du carbone qui inclut, à la fois : a) le captage du dioxyde de carbone qui, selon le cas : (i) serait par ailleurs relâché dans l’atmosphère, (ii) est capté directement de l’air ambiant; b) le stockage ou l’utilisation du carbone capté. (CCUS process) processus de stockage dans le béton admissible Processus qui est évalué en fonction de la norme ISO 14034:2016 Management environnemental — Vérification des technologies environnementales pour laquelle un énoncé de validation confirmant qu’au moins 60 % du carbone capté qui est injecté dans le béton se minéraliserait est émis par un professionnel ou une organisation qui, à la fois : a) est accrédité comme organisme de vérification selon la norme ISO 14034:2016 Management environnemental — Vérification des technologies environnementales et ISO/IEC 17020:2012 Évaluation de la conformité — Exigences pour le fonctionnement de différents types d’organismes procédant à l’inspection par le Conseil canadien des normes, l’ANSI National Accreditation Board (U.S.) ou toute organisation d’accréditation qui est membre de l’International Accreditation Forum; b) satisfait aux exigences d’un organisme de contrôle tiers qui est décrit dans la norme ISO/IEC 17020:2012 Évaluation de la conformité — Exigences pour le Income Tax PART I Income Tax DIVISION B Computation of Tax SUBDIVISION c Rules Applicable to all Taxpayers
(d) it is not a project that is (projet de CUSC admissible) (processus de stockage dans le béton admissible) (contribuable admissible) Impôt sur le revenu
projet de CUSC Projet qui a pour but d’appuyer un processus de CUSC de la façon suivante, selon le cas : a) par le captage du dioxyde de carbone qui, selon le cas : (i) serait par ailleurs relâché dans l’atmosphère, (ii) est capté directement de l’air ambiant; b) par le transport du carbone capté; c) par le stockage ou l’utilisation du carbone capté. (projet de CUSC) projet de CUSC admissible Projet de CUSC d’un contribuable qui remplit les conditions suivantes : a) il devrait, selon le plus récent plan de projet pour le projet, prendre en charge le captage de dioxyde de carbone au Canada pendant une période où au moins chaque année de la période totale d’examen du projet : (i) si la première période du projet commence après le mois de septembre d’une année civile, la période commençant le premier jour des activités commerciales et se terminant le 31 décembre de l’année civile suivante, (ii) chaque année civile de la période totale d’examen du projet de CUSC, à l’exception d’une période qui inclut une année visée au sous-alinéa (i); d) il ne s’agit pas d’un projet qui est, à la fois : (i) exploité pour desservir une unité (au sens du Règlement sur la réduction des émissions de dioxyde de carbone — secteur de l’électricité thermique au charbon) dont la date de mise en service (au sens du Règlement sur la réduction des émissions de dioxyde de carbone — secteur de l’électricité thermique au charbon) était au plus tard le 7 avril 2022, specified percentage means, in respect of a (i) directly from ambient air (ii) other than directly from ambient air (iii) after 2040, 0%. (pourcentage déterminé) total CCUS project review period, in respect of a CCUS project, means the period beginning on the first day of commercial operations of the project and ending on the last day of the fourth project period. (période totale d’examen du projet de CUSC) (ii) entrepris dans le but de se conformer aux normes d’émissions qui s’appliquent ou s’appliqueront en vertu du Règlement sur la réduction des émissions de dioxyde de carbone — secteur de l’électricité thermique au charbon. (qualified CCUS project) stockage géologique dédié S’entend d’une formation géologique, qui est, à la fois : a) située dans une juridiction désignée; b) en mesure de stocker en permanence le carbone capté; c) autorisée et réglementée pour le stockage du carbone capté en vertu des lois de la juridiction désignée; d) une formation dans laquelle le carbone capté n’est pas utilisé pour la récupération assistée de pétrole. (dedicated geological storage) travaux préliminaires de CUSC Activité préalable à l’acquisition, à la construction, à la fabrication ou à l’installation, par un contribuable au sens de l’annexe II du Règlement de l’impôt sur le revenu ou constituant du matériel à double usage relativement au projet de CUSC du contribuable qui comprend, notamment, une activité préalable qui est, selon le cas : a) l’obtention des permis ou des autorisations réglementaires; b) les travaux initiaux de conception ou d’ingénierie, notamment les études initiales d’ingénierie et de conception (ou des études équivalentes déterminées par le ministre des Ressources naturelles), à l’exclusion des travaux détaillés de conception ou d’ingénierie en lien avec un bien particulier compris dans les catégories 57 ou 58; c) les études de faisabilité ou les études de préfaisabilité (ou des études équivalentes déterminées par le ministre des Ressources naturelles); d) les évaluations environnementales; e) le nettoyage ou l’excavation des terrains. (preliminary CCUS work activity) utilisation admissible L’une ou l’autre des utilisations suivantes : a) le stockage du carbone capté dans un stockage géologique dédié; Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
b) l’utilisation du carbone capté pour produire du béton au Canada ou aux États-Unis au moyen d’un processus de stockage dans le béton admissible. (eligible use) utilisation non admissible Les utilisations suivantes : a) l’émission de carbone capté dans l’atmosphère, selon le cas : (i) sauf aux fins d’intégrité ou de sécurité du système, (ii) autre qu’une émission accessoire réalisée dans le cours normal des activités; b) le stockage ou l’utilisation du carbone capté pour la récupération assistée de pétrole; c) tout autre stockage ou utilisation qui n’est pas une utilisation admissible. (ineligible use) Impôt sur le revenu
b) l’utilisation du carbone capté pour produire du béton au Canada ou aux États-Unis au moyen d’un processus de stockage dans le béton admissible. (eligible use) utilisation non admissible Les utilisations suivantes : a) l’émission de carbone capté dans l’atmosphère, selon le cas : (i) sauf aux fins d’intégrité ou de sécurité du système, (ii) autre qu’une émission accessoire réalisée dans le cours normal des activités; b) le stockage ou l’utilisation du carbone capté pour la récupération assistée de pétrole; c) tout autre stockage ou utilisation qui n’est pas une utilisation admissible. (ineligible use) Crédit d’impôt
Lorsqu’un contribuable admissible produit un formulaire prescrit contenant des renseignements prescrits au plus tard à sa date d’échéance de production pour une année d’imposition, il est réputé avoir payé, à la date d’exigibilité du solde qui lui est applicable pour l’année, une somme au titre de son impôt payable pour l’année en vertu de la présente partie égale au total des montants suivants : a) l’excédent éventuel du crédit d’impôt cumulatif pour le développement du CUSC du contribuable pour l’année sur son crédit d’impôt cumulatif pour le développement du CUSC pour l’année d’imposition précédente; b) le crédit d’impôt pour la remise en état du CUSC du contribuable pour l’année. Déduction réputée
Pour l’application du présent article, de l’alinéa 12(1)t), du paragraphe 13(7.1), de l’élément I de la définition de fraction non amortie du coût en capital au paragraphe 13(21), du paragraphe 53(2), des articles 127.45, 127.48, 127.49 et 129 et de la partie XII.7, le montant réputé avoir été payé par le contribuable en application du paragraphe (2) pour une année d’imposition donnée est réputé avoir été déduit de son impôt payable par ailleurs en vertu de la présente partie pour l’année. Crédit d’impôt cumulatif pour le développement du CUSC
Pour l’application de la présente loi, le crédit d’impôt cumulatif pour le développement du CUSC d’un Changes to project or eligible use Revised project evaluation Qualified CCUS project determination Special rules — adjustments Income Tax PART I Income Tax DIVISION C Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
Impôt sur le revenu
a) le coût en capital d’un bien visé dans les catégories 57 ou 58 de l’annexe II du Règlement de l’impôt sur le revenu ou constituant du matériel à double usage pour un contribuable est, à la fois : (i) déterminé compte non tenu des paragraphes 13(7.1) et (7.4), (ii) réduit du total des montants dont chacun peut raisonnablement être considéré comme se rapportant au bien et représente, selon le cas : (A) un montant d’aide non gouvernementale que le contribuable a reçu pendant ou avant l’année d’imposition où le bien a été acquis, (B) un montant qui n’est pas visé à la division (A) et que, pendant l’année d’imposition, le contribuable a le droit de recevoir ou peut raisonnablement s’attendre à recevoir et qui serait une aide non gouvernementale s’il avait été reçu par le contribuable pendant l’année; b) le montant d’une dépense de CUSC admissible d’un contribuable dans une année d’imposition relative à un projet de CUSC ne peut pas inclure les sommes suivantes : (i) toute somme relative à une dépense engagée par le contribuable avant 2022 ou après 2040, (ii) toute somme relative à une dépense, selon le cas : (A) qui est engagée pour acquérir un bien qui a été utilisé par une personne ou une société de personnes avant son acquisition par le contribuable, (B) au titre de laquelle un crédit d’impôt a été déduit antérieurement en vertu du présent article par une personne relativement au bien auquel se rapporte la dépense (autre qu’une dépense de réparation ou de remplacement de ce bien), (C) au titre de laquelle un crédit d’impôt à l’investissement, un crédit d’impôt à l’investissement dans les technologies propres (au sens du paragraphe 127.45(1)), un crédit d’impôt pour l’hydrogène propre (au sens du paragraphe 127.48(1)) ou un crédit d’impôt à l’investissement pour la FTP (au sens du paragraphe 127.49(1)) est réclamé, (iii) toute somme relative à une dépense engagée pour les travaux préliminaires de CUSC, (d) subsections 127(11.6) to (11.8) apply in this section in respect of an expenditure or cost to a taxpayer except that (ii) the reference in subsection 127(11.6) to subsection 127(26) shall be read as a reference to subsection 127.44(12), and (iv) toute somme qui, en vertu de l’article 21, a été ajoutée au coût d’un bien, (v) une dépense qui est engagée par un contribuable au plus tôt le premier jour des activités commerciales du projet de CUSC dans la mesure où le total de ces montants excède 10 % du total des dépenses de CUSC admissibles engagées par le contribuable avant le premier jour des activités commerciales du projet de CUSC, (vi) sauf en cas d’application du paragraphe 211.92(11), une dépense engagée par un contribuable pour acquérir un bien et dispose ou qu’il exporte du Canada dans l’année d’imposition lors de laquelle il a acquis; c) sauf pour l’application du sous-alinéa b)(i), et sous réserve du paragraphe (12), si un contribuable acquiert un bien à l’étranger, la dépense est réputée être engagée, et le bien être acquis, au moment de son importation au Canada; d) les paragraphes 127(11.6) à (11.8) s’appliquent au présent article relativement à une dépense ou à un coût d’un contribuable, sauf que (i) la mention au paragraphe 127(11.6) du paragraphe 127(11.5) vaut mention de l’article 127.44, (ii) la mention au paragraphe 127(11.6) du paragraphe 127(26) vaut mention du paragraphe 127.44(12), (iii) le terme « dépense admissible » vaut mention de « dépense de CUSC admissible »; e) si une dépense d’un contribuable était une dépense de CUSC admissible, sauf que la dépense est engagée au cours d’une année d’imposition différente de celle où le bien connexe est acquis, la dépense est réputée être engagée, et le bien être acquis, dans la dernière des deux années; f) le guide technique publié par le ministère des Ressources naturelles s’applique de manière concluante en matière d’ingénierie et de science lorsqu’il s’agit de déterminer si un processus est un processus de CUSC, si le bien est décrit aux catégories 57 ou 58 de l’annexe II du Règlement de l’impôt sur le revenu ou si le bien est du matériel à double usage; g) si le contribuable n’a pas produit un plan de projet révisé, tel que prévu en vertu du paragraphe (6), au plus tard à la date d’échéance indiquée dans ce paragraphe : Repayment of assistance (ii) sous réserve du sous-alinéa (i), le pourcentage d’utilisation admissible prévu d’un contribuable pour un projet de CUSC est réputé être nul pour la période totale d’examen du projet de CUSC jusqu’à ce qu’il ait produit le plan de projet révisé, (ii) une fois le plan de projet révisé produit, le sous-alinéa (i) est réputé ne s’être jamais appliqué; h) sous réserve de l’alinéa e), une dépense est réputée avoir été engagée relativement à un projet de CUSC admissible au cours d’une année d’imposition donnée si, à la fois : (i) elle est engagée dans l’année d’imposition donnée relativement à un projet de CUSC qui n’était pas un projet de CUSC admissible à aucun moment au cours de l’année d’imposition donnée parce que le ministre des Ressources naturelles n’acceptait pas le dépôt de plans de projet avant l’année d’imposition donnée ou au cours de celle-ci, (ii) au cours d’une année d’imposition ultérieure, le projet devient un projet de CUSC admissible; et i) un bâtiment ou une autre structure est réputé être un bien visé à l’alinéa f) de la catégorie 57 de l’annexe II du Règlement de l’impôt sur le revenu, relativement au matériel décrit à l’alinéa a) de la catégorie 57 si, à la fois : (i) le bâtiment ou l’autre structure n’est pas par ailleurs visé aux catégories 57 ou 58 de cette annexe et ne constitue pas du matériel à double usage, (ii) la totalité ou la presque totalité du bâtiment ou de l’autre structure sert à l’installation ou à l’opération d’une combinaison de biens visés aux alinéas a) à e) de la catégorie 57, aux alinéas a) à c) de la catégorie 58 de cette annexe ou aux alinéas a) ou b) ou au sous-alinéa c)(i) de la définition de matériel à double usage au paragraphe (1). Remboursement d’un montant d’aide
Lorsqu’au cours d’une année d’imposition donnée, un contribuable rembourse (ou n’a pas reçu et ne peut raisonnablement plus s’attendre à recevoir) un montant d’aide non gouvernementale qui a été appliqué à réduire le coût en capital d’un bien en vertu du sous-alinéa (9)a)(ii) pour une année d’imposition précédente, le montant remboursé (ou le montant qu’il ne peut plus s’attendre à recevoir) est ajouté au coût en capital, pour le contribuable, d’un bien acquis afin de déterminer ses dépenses de CUSC admissibles (selon l’alinéa pertinent de cette définition) pour l’année donnée. (b) if neither subparagraph (a)(i) nor subparagraph (a)(ii) apply in respect of a particular expenditure, then Tax shelter investment Late filing à la dépense donnée, ni l’élément A de la formule figurant à la définition de pourcentage d’utilisation admissible prévue au paragraphe (1) ni l’élément A de la formule figurant à la définition de pourcentage réel d’utilisation admissible au paragraphe 211.92(1) pour une période n’inclut de quantité de stockage de carbone prévu ou réel dans une formation géologique située dans une juridiction qui n’est pas, au moment où la dépense donnée est engagée, un stockage géologique dédié parce qu’elle est située dans une juridiction qui n’est pas une juridiction désignée ou n’est pas autorisée ni réglementée pour le stockage du carbone capté en vertu des lois d’une juridiction désignée, (ii) une dépense admissible pour le stockage du carbone relativement à un projet de CUSC admissible n’inclut pas le coût d’un bien dans la mesure où le bien devrait appuyer le stockage du carbone dans une formation géologique située dans une juridiction qui, au moment où la dépense donnée est engagée, n’est pas une juridiction désignée ou n’est pas autorisée ni réglementée pour le stockage du carbone capté en vertu des lois d’une juridiction désignée; c) aux fins du calcul du pourcentage réel d’utilisation admissible relativement au projet de CUSC pour toute période, l’élément A de la formule figurant à la définition de pourcentage réel d’utilisation admissible au paragraphe 211.92(1) inclut toute quantité de carbone stocké dans une formation géologique à laquelle l’alinéa a) s’applique. Objet
Le présent article et la partie XII.7 visent à encourager l’investissement de capitaux dans le développement et l’exploitation de projets de captage, de transport, d’utilisation et de capacité de stockage du carbone au Canada. Abri fiscal déterminé
Les paragraphes (2) et (3) ne s’appliquent pas relativement à un projet de CUSC si un bien utilisé dans le cadre du projet — ou un intérêt dans une personne ou une société de personnes qui a, directement ou indirectement, un intérêt ou, pour l’application du droit civil, un droit sur un bien utilisé dans le cadre du projet — est un abri fiscal déterminé pour l’application de l’article 143.2. Présentation tardive
Le ministre peut accepter la présentation tardive du formulaire prescrit contenant les renseignements prescrits visés au paragraphe (2) par un contribuable Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
til the prescribed form containing prescribed information amending Acts and regulations.] : 2024, c. 15, s. 35; 2024, c. 17, s. 80. Definitions tion. d’impôt à l’investissement dans les technologies propres) in subparagraph (d)(v) or (xiv) of Class 43.1 in Sched- in the exclusive economic zone of Canada) and intend- ed for use exclusively in Canada; mortgages or hypothecary claims on movables, bills Impôt sur le revenu
admissible jusqu’au 31 décembre 2025 ou, si elle est pos- térieure, à la date qui suit d’une année la date d’échéance de production visée au paragraphe (2), mais aucun paie- ment effectué par celui-ci n’est réputé découler de l’appli- cation de ce paragraphe tant que le formulaire prescrit contenant les renseignements prescrits n’est pas présenté au ministre. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codifica- tion; voir les lois et règlements modificatifs appropriés.] : 2024, ch. 15, art. 35; 2024, ch. 17, art. 80. Définitions
présent article. aide gouvernementale S’entend au sens du paragraphe 127(9). (government assistance) aide non gouvernementale S’entend au sens du para- graphe 127(9). (non-government assistance) bien de technologie propre S’entend d’un bien qui remplit les conditions suivantes : a) il est situé au Canada (y compris un bien visé aux sous-alinéas d)(v) ou (xiv) de la catégorie 43.1 de l’an- nexe II du Règlement de l’impôt sur le revenu qui est installé dans la zone économique exclusive du Canada) et destiné à être utilisé exclusivement au Canada; b) il n’a été utilisé à aucune fin ni acquis pour être uti- lisé ou loué à quelque fin que ce soit avant son acquisi- tion par le contribuable; c) il, s’il est destiné à être loué à une autre personne ou une société de personnes par le contribuable, est loué, à la fois : (i) à un contribuable admissible ou à une société de personnes dont tous les membres sont des sociétés canadiennes imposables, (ii) dans le cours normal de l’exploitation d’une en- treprise au Canada par le contribuable dont l’entre- prise principale consiste à vendre ou à entretenir des biens semblables, ou dont l’entreprise principale consiste à louer des biens, à prêter de l’argent, à ache- ter des contrats de vente conditionnelle, des comptes clients, des lettres de vente, des créances hypothécaires mobilières, des lettres de change, des sûretés mobilières ou d’autres créances qui repré- sentent tout ou partie du prix de vente de biens mo- biliers ou des services, ou consiste en une combina- son de ces activités; d) il consiste en, selon le cas : (d) that is (vii) a small modular nuclear reactor. (bien de technologie propre) (a) reflectors and related solar tracking systems; (b) thermal receivers; (c) thermal energy storage equipment; (d) electrical generating equipment; (i) du matériel servant à produire de l’électricité à partir d’énergie solaire, éolienne et hydraulique décrit aux sous-alinéas d)(ii), (iii.1), (v), (vi) ou (xiv) de la catégorie 43.1 de l’annexe II du Règlement de l’impôt sur le revenu, (ii) du matériel fixe de stockage d’électricité décrit aux sous-alinéas d)(xviii) ou (xix) de la catégorie 43.1 de l’annexe II du Règlement de l’impôt sur le revenu, mais qui n’est pas alimenté par des combustibles fossiles, (iii) du matériel de chauffage solaire actif, des thermopompes à air et des thermopompes géothermiques qui sont décrits au sous-alinéa d)(i) de la catégorie 43.1 de l’annexe II du Règlement de l’impôt sur le revenu, (iv) un véhicule zéro émission non routier décrit à la catégorie 56 de l’annexe II du Règlement de l’impôt sur le revenu et le matériel de recharge ou de ravitaillement décrit au sous-alinéa d)(xxi) de la catégorie 43.1 de l’annexe II du Règlement de l’impôt sur le revenu ou au sous-alinéa b)(ii) de la catégorie 43.2 de l’annexe II du Règlement de l’impôt sur le revenu qui est utilisé principalement pour ces véhicules, (v) du matériel servant exclusivement à produire de l’énergie électrique, de l’énergie thermique, ou une combinaison d’énergie électrique et thermique, uniquement à partir d’énergie géothermique, décrit au sous-alinéa d)(vii) de la catégorie 43.1 de l’annexe II du Règlement de l’impôt sur le revenu, à l’exclusion du matériel faisant partie d’un système qui permet d’extraire des combustibles fossiles aux fins de vente, (vi) du matériel d’énergie solaire concentrée, (vii) un petit réacteur modulaire nucléaire. (clean technology property) contribuable admissible S’entend d’une société canadienne imposable ou d’une fiducie de fonds commun de placement qui est une fiducie de placement immobilier (au sens du paragraphe 122.1(1)). (qualifying taxpayer) crédit d’impôt à l’investissement dans les technologies propres Relativement à un contribuable admissible pour une année d’imposition, s’entend, à la fois : a) au total des sommes représentant chaque le pourcentage déterminé du coût en capital, pour le contribuable, d’un bien de technologie propre qu’il a acquis au cours de l’année; Income Tax PART I Income Tax DIVISION C Rules Applicable to all Taxpayers
(e) heat transfer fluid systems; (f) electrical energy storage equipment; (j) ancillary instrumentation and controls including weather monitoring systems. (matériel d’énergie solaire concentrée) b) du total des sommes à ajouter, conformément au paragraphe (8), dans le calcul de son crédit d’impôt à l’investissement dans les technologies propres à la fin de l’année. (clean technology investment tax credit) matériel d’énergie solaire concentrée s’entend du matériel, autre que le matériel non admissible, dont la totalité ou presque est utilisée pour produire de la chaleur, de l’électricité, ou une combinaison de chaleur et d’électricité, exclusivement à partir de lumière solaire concentrée, y compris : a) des réflecteurs et systèmes de suivi du soleil connexes; b) des thermorécepteurs; c) du matériel de stockage d’énergie thermique; d) du matériel générateur d’électricité; e) des systèmes de fluides caloporteurs; f) du matériel de stockage d’énergie électrique; g) du matériel de transmission; h) du matériel de distribution d’énergie thermique; i) des structures ayant pour seule fonction de prendre en charge ou de contenir du matériel d’énergie solaire concentrée; j) des instruments et contrôles auxiliaires, y compris les systèmes de surveillance météorologique. (concentrated solar energy equipment) matériel non admissible s’entend, à la fois : a) du matériel auxiliaire générateur de chaleur ou d’électricité qui utilise des combustibles fossiles; b) des immeubles ou structures autres que les structures visées à l’alinéa i) de la définition de matériel d’énergie solaire concentrée; c) du matériel de distribution; d) des biens qui font partie de la catégorie 10 de l’annexe II du Règlement de l’impôt sur le revenu; e) des biens qui seraient inclus dans la catégorie 17 de l’annexe II du Règlement de l’impôt sur le revenu si cette catégorie n’était pas tenue compte de son alinéa a.1). (excluded equipment) (i) nuclear fission fuel, (iii) transmission equipment, (d) after December 31, 2034, nil. (pourcentage déterminé) petit réacteur modulaire nucléaire S’entend du matériel dont la totalité ou presque est utilisée pour produire de l’énergie électrique, de l’énergie thermique, ou une combinaison d’énergie électrique et thermique, uniquement à partir de la fission nucléaire — y compris les réacteurs, cuves de réacteurs, barres de commande pour réacteurs, modérateurs, systèmes de refroidissement, systèmes de contrôle, matériel de manutention d’un combustible de fission nucléaire, enceintes de confinement, matériel de production d’électricité et matériel de distribution d’énergie thermique — qui, à la fois : a) fait partie d’un système qui a une capacité brute de production n’excédant pas 300 mégawatts d’électricité, ou une capacité brute de production d’électricité ou de chaleur dont le bilan énergétique équivaut à 1 000 mégawatts thermiques; b) fait partie d’un système dont la totalité ou presque est constituée de modules qui sont assemblés en usine et transportés dans un état préfabriqué au lieu d’installation; c) n’est pas : (i) un combustible de fission nucléaire, (ii) du matériel pour le stockage des déchets nucléaires et des sites de stockage des déchets nucléaires, (iii) du matériel de transmission, (iv) du matériel de distribution, (v) un bien inclus dans la catégorie 10 de l’annexe II du Règlement de l’impôt sur le revenu, (vi) un bien qui serait inclus dans la catégorie 17 de l’annexe II du Règlement de l’impôt sur le revenu, si l’on n’était pas tenu compte de son alinéa a.1). (small modular nuclear reactor) pourcentage déterminé S’entend de l’un des pourcentages suivants, selon le cas, relativement à un bien de technologie propre que le contribuable acquiert : a) avant le 28 mars 2023, déterminé compte non tenu du paragraphe (4), zéro; b) le 28 mars 2023 ou après et avant le 1er janvier 2034, 30 %; c) après le 31 décembre 2033 et avant le 1er janvier 2035, 15 %; d) après le 31 décembre 2034, zéro. Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
Special rules — adjustments d) après le 31 décembre 2034, zéro. (specified percentage) utilisation non concernée par la technologie propre S’entend de l’utilisation d’un bien déterminé à un moment déterminé qui ferait en sorte que, s’il était acquis à ce moment, il cesserait d’être un bien de technologie propre, déterminé compte non tenu de l’alinéa b) de la définition de bien de technologie propre au présent paragraphe. (non-clean technology use) Crédit d’impôt dans les technologies propres
Si un contribuable admissible joint à sa déclaration de revenu pour une année d’imposition un formulaire prescrit contenant les renseignements prescrits, le contribuable est réputé avoir payé, à la date d’exigibilité du solde qui lui est applicable pour l’année, un montant au titre de son impôt payable en vertu de la présente partie égal à son crédit d’impôt à l’investissement dans les technologies propres pour l’année. Délai d’application
Un montant au titre de l’impôt à payer ne doit pas être réputé payé en vertu du paragraphe (2) si le contribuable ne joint pas au ministre un formulaire prescrit contenant les renseignements prescrits relativement au montant en cause au plus tard le jour qui suit d’une année la date d’échéance de production qui est applicable au contribuable pour l’année et, si le formulaire prescrit est produit après la date d’échéance de production qui est applicable au contribuable pour l’année, aucun paiement n’est réputé découler de l’application de ce paragraphe tant que le formulaire prescrit contenant les renseignements prescrits n’est pas présenté au ministre. Moment de l’acquisition
Pour l’application du présent article, un bien de technologie propre est réputé ne pas avoir été acquis par un contribuable avant que le bien soit considéré comme devenu prêt à être mis en service par le contribuable, déterminé compte non tenu des alinéas 13(27)c) et (28)d). Règles spéciales — redressements
Pour l’application de la définition de crédit d’impôt à l’investissement dans les technologies propres au paragraphe (1), le coût en capital d’un bien de technologie propre pour un contribuable, à la fois : a) ne doit pas inclure de montant relativement à une immobilisation, selon le cas : (i) pour laquelle une personne a déduit antérieurement un montant en vertu du présent article, (b) be determined without reference to subsections 13(7.1) and (7.4); (iii) à l’égard de laquelle une personne a déduit un crédit d’impôt pour le CUSC (au sens du paragraphe 127.44(1)), un crédit d’impôt pour l’hydrogène propre (au sens du paragraphe 127.48(1)) ou un crédit d’impôt à l’investissement pour la FTP (au sens du paragraphe 127.49(1)); (iii) qui a été ajouté au coût d’un bien en vertu de l’article 21; b) doit être déterminé compte non tenu des paragraphes 13(7.1) et (7.4); b.1) doit être réduit du total des montants dont chacun peut raisonnablement être considéré comme se rapportant au bien et représente, selon le cas : (i) le montant de toute aide gouvernementale ou de toute aide non gouvernementale reçue par le contribuable au cours de l’année d’imposition ou avant l’année d’imposition où le bien a été acquis, (ii) un montant qui n’est pas visé au sous-alinéa (i) et que, dans l’année d’imposition, le contribuable a droit de recevoir ou peut raisonnablement s’attendre à recevoir et qui constituerait une aide gouvernementale ou une aide non gouvernementale si elle avait été reçue par le contribuable pendant l’année; c) doit être déterminé compte tenu des paragraphes 127(11.6) à (11.8) relativement à une dépense ou un coût pour le contribuable. Toutefois : (i) la mention au paragraphe 127(11.6) du paragraphe 127(11.5) vaut mention de l’article 127.45, (ii) la mention au paragraphe 127(11.6) du paragraphe 127(26) vaut mention du paragraphe 127.45(9), (iii) le terme « dépense admissible » vaut mention d’une dépense admissible à ajouter au coût en capital d’un bien de technologie propre. Déduction réputée
Pour l’application du présent article, de l’alinéa 12(1)t), du paragraphe 13(7.1), de l’élément de la définition fraction non amortie du coût en capital au paragraphe 13(21), du paragraphe 3(2) et des articles 127.44, 127.48, 127.49 et 129, le montant réputé avoir été payé par un contribuable en application du paragraphe (2) pour une année d’imposition est réputé avoir été déduit de son impôt payable par ailleurs en vertu de la présente partie pour l’année. Repayment of assistance Tax shelter investment
Subsection (12) applies in a taxation year if Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
A × (B + C) where B is Certain non-arm’s length transfers Impôt sur le revenu
a) un contribuable a acquis un bien de technologie propre au cours de l’année ou au cours des dix années civiles précédentes; b) le contribuable est en droit de recevoir un crédit d’impôt à l’investissement dans les technologies propres relativement au coût en capital, ou à une partie du coût en capital, du bien donné; c) au cours de l’année, le bien donné (ou un autre bien auquel il est incorporé) est affecté à une utilisation non concernée par la technologie propre, est exporté du Canada, ou fait l’objet d’une disposition sans avoir été précédemment exporté ou affecté à une utilisation non concernée par la technologie propre. Récupération du crédit
Si le présent paragraphe s’applique, il est ajouté à l’impôt payable par ailleurs par le contribuable en vertu de la présente partie pour l’année le moindre des montants suivants : a) le montant du crédit d’impôt à l’investissement dans les technologies propres relativement au bien donné, b) le montant obtenu par la formule suivante : A × (B + C) où : A représente le montant du crédit d’impôt à l’investissement dans les technologies propres relativement au bien donné, B selon le cas : (i) dans le cas où le bien donné fait l’objet d’une disposition en faveur d’une personne n’ayant pas de lien de dépendance avec le contribuable, le produit de disposition du bien, (ii) dans le cas où le bien donné fait l’objet d’une disposition en faveur d’une personne ayant un lien de dépendance avec le contribuable, est converti à une utilisation non concernée par la technologie propre ou est exporté du Canada, la juste valeur marchande du bien, C le coût en capital du bien donné auquel la déduction du crédit d’impôt à l’investissement dans les technologies propres a été appliquée. Certains transferts entre parties ayant un lien de dépendance
Les paragraphes (11) et (12) ne s’appliquent pas à un contribuable qui est une société canadienne Certain non-arm’s length transfers — recapture deferred
Subsection (17) applies in a fiscal period of a partnership if Information return — partnerships Definitions apprenticeship requirements means the requirements set out in subsection (5). (exigences à l’égard d’apprentis) présente partie pour son année d’imposition dans laquelle l’exercice prend fin le montant qu’il est raisonnable de considérer comme sa part du montant égal au moindre des montants suivants : a) le montant qu’il est raisonnable de considérer comme ayant été inclus relativement au bien donné dans le calcul du montant déterminé selon le paragraphe (8) à l’égard de la société de personnes; b) le pourcentage visé à l’alinéa (16)b) multiplié par le montant applicable suivant : (i) s’il est disposé du bien donné (ou de l’autre bien) en faveur d’une personne sans lien de dépendance avec la société de personnes, le produit de disposition du bien, (ii) dans les autres cas, la juste valeur marchande du bien donné (ou de l’autre bien) au moment de son affectation, exportation ou de sa disposition. Déclaration de renseignements — société de personnes
Si les paragraphes (16) et (17) s’appliquent à l’égard d’un bien d’une société de personnes pour un exercice donné, la société de personnes est tenue d’aviser le ministre en la forme et selon les modalités prescrites au plus tard à la date où une déclaration doit être produite en vertu de l’article 229 du Règlement de l’impôt sur le revenu pour l’exercice. Crédit d’impôt à l’investissement dans les technologies propres — but
Le présent article vise à encourager l’investissement de capitaux dans l’adoption et l’exploitation de biens de technologie propre au Canada. Pouvoir du ministre des Ressources naturelles
Tout guide technique publié par le ministère des Ressources naturelles avec ses modifications successives s’applique de manière irrévocable, en ce qui a trait aux questions de technique et de science, pour l’application du présent article afin de déterminer si un bien est un bien de technologie propre. (NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.) 2024, ch. 15, art. 38; 2024, ch. 17, art. 80. Définitions
année d’imposition de l’installation Relativement à un exercice d’imposition déterminé, s’entend d’une année d’imposition au cours de laquelle la préparation ou l’installation (a) in Quebec, de biens déterminés se produit. (installation taxation year) avantages sociaux S’entend des congés payés, des prestations de pension, des avantages sociaux en matière de santé et de bien-être que les employeurs doivent offrir aux employés en vertu d’une convention collective admissible. (benefits) bien déterminé S’entend d’un bien dont une partie ou la totalité du coût peut faire l’objet d’un crédit d’impôt déterminé. (specified property) chantier désigné Au cours d’une année d’imposition d’un demandeur d’incitatif, s’entend d’un chantier où se situe le bien déterminé d’un demandeur d’incitatif pendant l’année et comprend le chantier d’un projet de CCUS (au sens de l’article 127.44) ou d’un projet pour l’hydrogène propre (au sens de l’article 127.48) du demandeur d’incitatif. (designated work site) convention collective admissible S’entend : a) au Québec, selon le cas : (i) d’une convention collective négociée conformément à la loi provinciale applicable, (ii) d’une convention visée par règlement; b) sinon, selon le cas : (i) de la dernière convention collective interentreprises négociée par un syndicat rattaché aux Syndicats des métiers de la construction du Canada pour un métier donné, dans une région ou une province, (ii) d’une convention conclue pour un projet conforme à un syndicat conformément à la loi provinciale applicable qui vise le travail associé aux investissements donnant droit aux crédits d’impôt déterminés et qui prévoit les salaires et avantages sociaux pour les travailleurs visés d’un métier donné équivalant au moins aux salaires réguliers (compte non tenu des heures supplémentaires) aux avantages sociaux fournis aux travailleurs visés dans une convention visée au sous-alinéa (i), (iii) d’une convention visée par règlement. (eligible collective agreement) Income Tax PART I Income Tax DIVISION C Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
(iii) a prescribed agreement. (convention collective admissible) installation taxation year, in respect of a specified tax credit, means a taxation year during which preparation or installation of specified property occurs. (année d’imposition de l’installation) prevailing wage requirements means the requirements set out in subsection (3). (exigences relatives au salaire prévalant) Red Seal trade means, for a province using the Red Seal Program for a particular trade, the relevant Red Seal trade managed by the Canadian Council of Directors of Apprenticeship and, in any other case, an equivalent provincially registered trade. (métier désigné Sceau rouge) reduced tax credit rate means the regular tax credit rate minus 10 percentage points. (taux du crédit d’impôt réduit) regular tax credit rate means the specified percentage (as defined in subsections 127.44(1), 127.45(1) and 127.48(1), as the case may be). (taux du crédit d’impôt régulier) specified property means property all or a portion of the cost of which qualifies for a specified tax credit. (bien déterminé) specified tax credit means the CCUS tax credit under subsection 127.44(1), the clean technology investment tax credit under subsection 127.45(1) and the clean hydrogen tax credit under subsection 127.48(1). (crédit d’impôt déterminé) Impôt sur le revenu
d’impôt pour l’hydrogène propre en vertu du paragraphe 127.48(1). (specified tax credit) demandeur d’incitatif Personne ou société de personnes dont au moins un associé envisage de demander ou a demandé un crédit d’impôt déterminé pour une année d’imposition. (incentive claimant) exigences à l’égard d’apprentis S’entend des exigences énoncées au paragraphe (5). (apprenticeship requirements) exigences relatives au salaire prévalant S’entend des exigences énoncées au paragraphe (3). (prevailing wage requirements) métier désigné Sceau rouge S’entend, pour une province qui utilise le Programme du Sceau rouge pour un métier donné, du métier désigné Sceau rouge pertinent géré par le Conseil canadien des directeurs de l’apprentissage ou, dans les autres cas, d’un métier équivalent enregistré dans une province. (Red Seal trade) taux du crédit d’impôt régulier S’entend du pourcentage déterminé (au sens des paragraphes 127.44(1), 127.45(1) et 127.48(1), selon le cas). (regular tax credit rate) travailleur Sceau rouge S’entend d’un travailleur visé dont les fonctions sont, ou équivalentes à, celles normalement exercées par des travailleurs dans un métier désigné Sceau rouge. (Red Seal worker) travailleur visé S’entend d’un particulier (sauf une fiducie), à la fois : a) qui participe à la préparation ou à l’installation de biens déterminés sur un chantier désigné à l’intention d’un demandeur d’incitatif ou d’une autre personne ou société de personnes; b) dont le travail ou les fonctions relatifs au chantier désigné sont principalement manuels ou physiques; c) qui n’est, selon le cas : (i) ni un salarié administratif, un employé de bureau ou un cadre, (ii) ni un visiteur commercial au Canada visé à l’article 187 du Règlement sur l’immigration et la protection des réfugiés. (covered worker) Prevailing wage requirements (a) if prescribed circumstances exist, prescribed conditions; and Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
Indexation of prevailing wages Apprenticeship requirements Impôt sur le revenu
confirmant qu’il s’agit d’un chantier soumis aux exigences relatives au salaire prévalant relativement aux travailleurs visés, y compris une explication dans un langage clair de ce que cela représente pour les travailleurs et des renseignements sur la façon de signaler les omissions de verser les salaires prévalant au ministre. Indexation des salaires prévalant
Lorsqu’une convention collective admissible servant à calculer l’exigence relative au salaire prévalant en vertu du sous-alinéa (3)(b)(i) est expirée, les montants de salaires et d’avantages sociaux stipulés dans la convention sont ajustés en fonction de l’indice moyen des prix à la consommation selon les modalités visées à l’article 117.1 pour chaque année civile commençant après l’expiration de la convention collective admissible. Exigences à l’égard d’apprentis
Pour l’application du présent article, les exigences à l’égard d’apprentis pour un demandeur d’incitatif au titre d’une année d’imposition de l’installation sont les suivantes : a) sous réserve de l’alinéa b), le demandeur d’incitatif fait des efforts sérieux pour s’assurer que les apprentis inscrits à un métier désigné Sceau rouge travaillent au moins 10 % du total des heures de travail effectuées par des travailleurs Sceau rouge au cours de l’année sur un chantier désigné du demandeur d’incitatif dans le cadre de la préparation ou de l’installation de biens déterminés; b) si une loi ou une convention collective applicable qui précise un rapport maximum entre les apprentis et les compagnons, ou qui limite autrement le nombre d’apprentis employés sur un chantier désigné, empêche la condition mentionnée à l’alinéa a) d’être respectée, le demandeur d’incitatif fait des efforts sérieux pour s’assurer que le pourcentage le plus élevé possible du total des heures de travail effectuées par des travailleurs Sceau rouge au cours de l’année dans le cadre de la préparation ou de l’installation de biens déterminés soit effectué par des apprentis inscrits à un métier désigné Sceau rouge en respectant la loi sur le travail ou la convention collective applicable; c) le demandeur d’incitatif atteste, sur le formulaire prescrit et selon les modalités prescrites, qu’il satisfait aux exigences à l’égard d’apprentis énoncées aux alinéas a) ou b) relativement aux travailleurs visés sur le chantier désigné. $50 × (A − B) where Indexation Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
Gross negligence 50% × (A – B) where Corrective measures — prevailing wage requirement Impôt sur le revenu
chaque année civile commençant après 2023 selon les modalités visées à l’article 117.1. Faute lourde
Si un demandeur d’incitatif a demandé un crédit d’impôt déterminé au taux du crédit d’impôt régulier au cours d’une année d’imposition (appelée « année de la demande » au présent paragraphe), mais n’a pas respecté les exigences relatives au salaire prévalant ou les exigences à l’égard d’apprentis pour une année d’imposition de l’installation relativement à ce crédit d’impôt déterminé, et le ministre établit qu’il a sciemment ou dans des circonstances équivalant à faute lourde omis de satisfaire à ces exigences, à la fois : a) pour le crédit d’impôt déterminé, le demandeur d’incitatif n’a ni droit au taux du crédit d’impôt régulier, ni à un taux supérieur au taux du crédit d’impôt réduit; b) le demandeur d’incitatif est passible d’une pénalité pour l’année de la demande égale à la somme obtenue par la formule suivante : 50 % × (A – B) où : A représente le montant du crédit d’impôt déterminé demandé par le demandeur d’incitatif au taux du crédit d’impôt régulier pour l’année de la demande; B la somme que le demandeur d’incitatif aurait eu le droit de demander à titre de crédit d’impôt déterminé au taux du crédit d’impôt réduit pour l’année de la demande. Crédit pour la remise en état du CUSC
Le paragraphe (9) ne s’applique pas relativement à un crédit d’impôt pour la remise en état du CUSC. Mesures correctives — exigence relative au salaire prévalant
Sauf si le paragraphe (9) s’applique, si un demandeur d’incitatif reçoit un avis du ministre précisant qu’il n’a pas satisfait aux exigences relatives au salaire prévalant pour un chantier désigné pour une année d’imposition, il peut, dans un délai d’un an suivant la réception de l’avis, ou au cours d’une période plus longue que le ministre estime acceptable, faire verser à chaque travailleur visé un montant complémentaire déterminé en vertu du paragraphe (12). Montant complémentaire
En ce qui concerne chaque travailleur visé relativement à un demandeur d’incitatif, le montant A - B + C where (b) does not qualify for any specified tax credit. Exception Efforts sérieux réputés
Pour l’application du présent article, un demandeur d’incitatif est réputé avoir respecté l’exigence énoncée aux alinéas (5)a) ou b), selon le cas, relativement aux heures de travail effectuées sur un chantier désigné au titre d’une année d’imposition de l’installation si les conditions suivantes sont réunies : a) au moins une fois tous les quatre mois, le demandeur d’incitatif, à la fois : (i) publie une offre d’emploi véritable, recherchant ainsi un nombre suffisant d’apprentis pour effectuer ces heures de travail relativement au chantier désigné qui, à la fois : (A) comprend un engagement à faciliter la participation des apprentis à un programme de métier désigné Sceau rouge et un énoncé selon lequel l’offre d’emploi est ouverte tant aux employés en fonction qu’aux nouveaux, (B) est ouverte et facilement accessible sur le site Web du Guichet-Emplois du gouvernement du Canada et sur au moins deux autres sites soit (I) de façon continue tout au long de l’année, (II) soit pendant au moins trente jours à compter du moment de sa publication, (ii) communique avec au moins une école secondaire ou un établissement d’enseignement postsecondaire et avec un syndicat (qui, si le chantier désigné se situe au Québec, est un syndicat reconnu en vertu des lois applicables de la province ou qui, si le chantier désigné se situe à l’extérieur du Québec, est un syndicat rattaché aux Syndicats des métiers de la construction du Canada) afin de faciliter l’embauche des apprentis pour les postes décrits dans l’offre d’emploi, (iii) reçoit du syndicat une confirmation écrite qu’il a fourni autant d’apprentis que raisonnablement possible pour les travaux sur le chantier désigné au cours de l’année d’imposition de l’installation, à moins que le syndicat ne réponde pas dans les cinq jours ouvrables suivant une demande; b) le demandeur d’incitatif examine et prend dûment en compte toutes les demandes reçues en réponse à l’offre d’emploi concernant les possibilités d’apprentissage qui sont offertes directement par lui et prend des mesures raisonnables afin de s’assurer que les Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION c Rules Applicable to all Taxpayers
Definitions at-risk amount has the meaning assigned by subsection 96(2.2). (fraction à risques) (a) subsection 127.44(11); (b) subsection 127.45(8); (c) subsection 127.48(12); or (d) subsection 127.49(8). (disposition d’allocation pour l’économie propre) Impôt sur le revenu
Sociétés de personnes
Si les paragraphes (6), (7), (9) ou (13) s’appliquent à un demandeur d’incitatif qui est une société de personnes, à la fois : a) un associé de la société de personnes peut faire le choix de payer le montant de la pénalité ou de l’impôt à payer pertinent pour le compte de celle-ci; b) si aucun choix n’a été fait en vertu de l’alinéa a), la partie du montant de la pénalité ou de l’impôt à payer pertinent qu’il est raisonnable de considérer comme la part qui revient à chaque associé est payable par chaque associé; c) chaque associé de la société de personnes est solidairement responsable d’une partie du montant de la pénalité ou de l’impôt à payer pertinent qui n’est pas payé conformément à l’alinéa a) ou attribué à la société et payable par celui-ci en vertu de l’alinéa b). [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2024, ch. 15, art. 37; 2024, ch. 17, art. 80. Définitions
commanditaire S’entend au sens du paragraphe 96(2.2) compte non tenu du passage « si sa participation dans celle-ci n’est pas, à un moment donné, une participation exonérée au sens du paragraphe (2.5) et ». (limited partner) crédit d’impôt pour l’économie propre L’un des crédits d’impôt suivants : a) le crédit d’impôt pour le CCUS (au sens du paragraphe 127.44(11)); b) le crédit d’impôt à l’investissement dans les technologies propres (au sens du paragraphe 127.45(8)); c) le crédit d’impôt pour l’hydrogène propre (au sens du paragraphe 127.48(12)); d) le crédit d’impôt à l’investissement pour le FTP (au sens du paragraphe 127.49(8)). (clean economy tax credit) (d) the capital cost of CTM property as determined under section 127.49. (dépense pour l’économie propre) (a) this section; (c) section 127.45; (d) section 127.46; (e) section 127.48; or (f) section 127.49. (disposition pour l’économie propre) (d) a CTM investment tax credit (as defined under section 127.49(1)). (crédit d’impôt pour l’économie propre) Tiered partnerships Definitions actual carbon intensity means the carbon intensity of hydrogen that is produced by a qualified clean hydrogen project of a taxpayer, based on the actual inputs to the production of hydrogen and actual emissions from the production of hydrogen by the project. (intensité carbonique réelle) ((A × B) + (C × D) + (E × F) + (G × H) + (I × J)) ÷ K where A is the actual carbon intensity of the project for the first operating year of the compliance period; C is the actual carbon intensity of the project for the second operating year of the compliance period; E is the actual carbon intensity of the project for the third operating year of the compliance period; G is the actual carbon intensity of the project for the fourth operating year of the compliance period; I is the actual carbon intensity of the project for the fifth operating year of the compliance period; carbon intensity means the quantity in kilograms of carbon dioxide equivalent per kilogram of hydrogen produced. (intensité carbonique) CFR carbon intensity means carbon intensity as defined in subsection 1(1) of the Clean Fuel Regulations. (intensité carbonique selon le RCP) (a) converting hydrogen into ammonia; (d) feed storage (unless the feed is stored hydrogen) and feed compression; and (e) on-site refrigeration, transportation and storage of ammonia. (matériel pour ammoniac propre) (a) the operation of eligible clean hydrogen property; (c) if applicable, the production of clean ammonia that uses a feedstock of clean hydrogen produced by the project. (projet pour l’hydrogène propre) convertisseurs, le matériel de purification, les appareils de chauffage à combustible, le matériel de traitement et de conditionnement de l’eau, le matériel utilisé pour la compression et le stockage de l’hydrogène, le matériel de production d’oxygène et les méthaniseurs, (iii) est, selon le cas : (A) du matériel pour ammoniac propre, (B) du matériel pour électricité et chaleur à double usage, (C) du matériel pour hydrogène et ammoniac à double usage, (D) du matériel de soutien du projet, (iv) est physiquement et fonctionnellement intégré au matériel visé à l’un des sous-alinéas (i) à (iii) et est du matériel auxiliaire utilisé uniquement pour soutenir le fonctionnement de matériel décrit à ces sous-alinéas dans une sous-catégorie propre à l’hydrogène ou d’ammoniac qui fait partie : (A) d’un système d’alimentation, (B) d’un système d’alimentation en carburant, (C) d’un système de livraison et de distribution de liquide, (D) d’un système de refroidissement, (E) d’un système de stockage, de manutention et de distribution de matériaux de processus, (F) d’un système de ventilation de procédés, (G) d’un système de gestion des déchets de procédés, (H) d’un système de distribution d’air utilitaire ou d’azote, (v) est du matériel ne servant qu’à soutenir du matériel visé à l’un des sous-alinéas (i) à (iv) dans le cadre d’un système de contrôle ou de surveillance ou utilisé pour la sécurité et l’intégrité du système, (vi) est un bien servant uniquement à convertir un autre bien qui ne serait pas par ailleurs visé à l’un des sous-alinéas (i) à (v) si la conversion permet à l’autre bien d’être visé à l’un de ces sous-alinéas. (eligible clean hydrogen property) (d) if the project is intended to produce clean ammonia, demonstrates bien exclu S’entend d’un bien qui est, selon le cas : a) inclus dans les catégories 57 ou 58 de l’annexe II du Règlement de l’impôt sur le revenu; b) du matériel utilisé pour la transmission, le transport ou la distribution hors site d’hydrogène ou d’ammoniac; c) du matériel utilisé pour préparer l’hydrogène pour le transport, y compris du matériel de liquéfaction et du matériel utilisé pour comprimer l’hydrogène à des niveaux adaptés au transport; d) un véhicule automobile ou du matériel de ravitaillement ou de recharge connexe; e) un bâtiment ou une structure; f) du matériel de construction, du mobilier ou du matériel de bureau; g) du matériel utilisé pour le stockage hors site. (excluded property) carbone capté S’entend au sens du paragraphe 127.44(1). (captured carbon) contribuable admissible Société canadienne imposable. (qualifying taxpayer) crédit d’impôt pour l’hydrogène propre Relativement à un contribuable admissible pour une année d’imposition, s’entend de la somme des totaux suivants : a) du total des sommes représentant chacune le pourcentage déterminé du coût en capital, pour le contribuable, d’un bien admissible pour l’hydrogène propre qu’il a acquis au cours de l’année; b) du total des sommes à ajouter, conformément au paragraphe (12), dans le calcul de son crédit d’impôt pour l’hydrogène propre à la fin de l’année. (clean hydrogen tax credit) entente pour l’achat d’électricité admissible S’entend d’une entente ou d’un arrangement par écrit qui, à la fois : a) permet ou permettra à un contribuable d’acheter de l’électricité d’une source admissible de production d’électricité (y compris la capacité nominale additionnelle) qui, à la fois : (i) a commencé à produire de l’électricité au plus tôt à la dernière en date des dates suivantes : (b) the total of all amounts required by subsection (12) to be added in computing the taxpayer’s clean hydrogen tax credit at the end of the year. (crédit d’impôt pour l’hydrogène propre) compliance period in respect of a clean hydrogen project of a taxpayer, means the period of time beginning on the first day of the compliance period of the project and ending on the last day of the fifth operating year of the project. (période de conformité) (A) le 3 novembre 2022, (B) la première en date des dates suivantes : (I) celle qui précède de vingt-quatre mois la production du premier plan de projet pour l’hydrogène propre du contribuable auprès du ministre des Ressources naturelles, (II) celle qui précède de trente-six mois la date à laquelle l’hydrogène est produit la première fois par le projet pour l’hydrogène propre pertinent du contribuable, (III) est situé, selon le cas : (A) dans la même province que le projet pour l’hydrogène propre est reliée au réseau d’électricité de cette province, (B) dans la zone économique exclusive du Canada et est reliée directement au réseau de la province où le projet est situé, (C) dans une autre province dont le réseau provincial est directement relié au réseau de la province où le projet est situé, si des arrangements ont été pris des mesures pour assurer la transmission interprovinciale requise; b) confère ou conférera au contribuable le droit unique et exclusif aux attributs environnementaux associés à l’électricité; c) est conclu par le contribuable dans le but principal d’exploiter le projet pour l’hydrogène propre du contribuable durant tout ou partie des vingt premières années d’exploitation du projet. (eligible power purchase agreement) équivalent en dioxyde de carbone S’entend des émissions de dioxyde de carbone qui seraient nécessaires pour produire un effet de réchauffement équivalent aux émissions d’un gaz à effet de serre déterminé, déterminées conformément aux lignes directrices intitulées Guide sur l’investissement pour l’hydrogène propre – Guide sur la modélisation de l’intensité carbone publié par le gouvernement du Canada sur une période d’évaluation de 100 ans. (carbon dioxide equivalent) firme admissible de validation Relativement à un projet pour l’hydrogène propre du contribuable, s’entend d’un ingénieur ou d’une firme d’ingénieurs qui : a) est membre en règle d’une association professionnelle qui a l’autorité ou la reconnaissance par la loi (A) an electrical system, (B) a feed supply system, d’une juridiction au Canada de réglementer la profession d’ingénieur : (i) soit dans la juridiction où le projet est situé, (ii) soit dans une juridiction au Canada où une association professionnelle réglemente la profession d’ingénieur, en l’absence d’association professionnelle dans la juridiction visée au sous-alinéa (i); b) possède une couverture d’assurance appropriée; c) possède une expertise en modélisation au moyen du modèle ACV des combustibles et une expertise technique des processus de production de l’hydrogène et, le cas échéant, d’ammoniac; d) en tout temps, est indépendante du contribuable, n’a pas de lien de dépendance avec lui et n’est pas un de ses employés; e) répond aux exigences décrites dans les lignes directrices publiées par le ministre des Ressources naturelles, y compris le document intitulé « Crédit d’impôt à l’investissement pour l’hydrogène propre – Guide sur la validation et la vérification. (qualified verifier) firme admissible de vérification Relativement à un projet pour l’hydrogène propre d’un contribuable, s’entend d’un particulier ou d’une firme qui : a) est, selon le cas : (i) un ingénieur ou une firme d’ingénieurs qui est membre en règle d’une association professionnelle qui a l’autorité ou la reconnaissance par la loi d’une juridiction au Canada de réglementer la profession d’ingénieur : (A) soit dans la juridiction où le projet est situé, (B) soit, en l’absence d’association professionnelle dans la juridiction visée à la division (A), dans une juridiction au Canada où une association professionnelle réglemente la profession d’ingénieur, (ii) un organisme de vérification accrédité et en règle en vertu du Règlement sur les combustibles propres; b) possède une couverture d’assurance appropriée; c) possède une expertise en analyse du cycle de vie des émissions de gaz à effet de serre; (E) a cooling system, (I) a utility air or nitrogen distribution system, (vi) that is property used solely to convert another property that would not otherwise be described in subparagraphs (i) to (v) if the conversion causes the other property to satisfy the description in any of subparagraphs (i) to (v). (bien admissible pour l’hydrogène propre) (a) wind; (b) solar; (c) hydro; (d) nuclear; or (a) natural gas; (c) an eligible renewable hydrocarbon; or (d) a substance that is d) en tout temps, est indépendant du contribuable, n’a pas de lien de dépendance avec lui et n’est pas un de ses employés; e) n’est pas une firme admissible de validation relativement au projet; f) répond aux exigences décrites dans les lignes directrices publiées par le ministre des Ressources naturelles, y compris le document intitulé Crédit d’impôt à l’investissement pour l’hydrogène propre — Guide sur la validation et la vérification. (qualified verification firm) gaz à effet de serre déterminé S’entend : a) du dioxyde de carbone; b) du méthane; c) de l’oxyde nitreux; d) de l’hexafluorure de soufre; e) de tout autre gaz à effet de serre répertorié dans le modèle ACV des combustibles et inclus dans le document intitulé Crédit d’impôt à l’investissement pour l’hydrogène propre — Guide sur la modélisation de l’intensité carbonique publié par le gouvernement du Canada au moment où un contribuable produit son plus récent plan de projet pour l’hydrogène propre auprès du ministre des Ressources naturelles. (specified greenhouse gas) hydrocarbure admissible S’entend, à un moment donné : a) du gaz naturel; b) d’une substance provenant en totalité, ou presque, du gaz naturel brut; c) d’un hydrocarbure renouvelable admissible; d) d’une substance qui : (i) est un sous-produit du traitement d’au moins une des substances visées aux alinéas a) ou b), (ii) figure à ce moment dans le document intitulé Crédit d’impôt à l’investissement pour l’hydrogène propre — Guide sur la modélisation de l’intensité carbonique publié par le gouvernement du Canada. (eligible hydrocarbon) hydrocarbure renouvelable admissible Relativement à un contribuable, s’entend d’une substance : (a) from electrolysis of water; or a) qui est produite à partir de carbone non fossile; b) dont l’intensité carbonique selon le RCP peut être établie en vertu du Règlement sur les combustibles propres; c) qui figure dans le document intitulé Crédit d’impôt à l’investissement pour l’hydrogène propre – Guide sur la modélisation de l’intensité carbonique publié par le gouvernement du Canada au moment où le contribuable produit son plus récent plan de projet pour l’hydrogène propre auprès du ministre des Ressources naturelles; d) qui provient d’une installation dans laquelle la production de la substance a commencé au plus tôt à la dernière en date des suivantes : (i) le 3 novembre 2022, (ii) la première en date des dates suivantes : (A) celle qui précède de vingt-quatre mois la date à laquelle l’hydrogène propre produit par le projet pour l’hydrogène propre fait l’objet d’un plan déposé auprès du ministre des Ressources naturelles, (B) celle qui précède de trente-six mois la date à laquelle l’hydrogène est produit la première fois par le projet pour l’hydrogène propre pertinent du contribuable; e) si elle est acquise par le contribuable dans le cadre d’une entente, donne le droit unique et exclusif aux attributs environnementaux associés à la substance et conféré ou sera conféré au contribuable par cette entente; f) qui est acquise ou produite par le contribuable dans le seul but d’exploiter le projet pour l’hydrogène propre durant la totalité ou toute partie des vingt premières années d’exploitation du projet. (eligible renewable hydrocarbon) hydrogène propre S’entend de l’hydrogène produit, seul ou en conjonction avec d’autres gaz, dont l’intensité carbonique est inférieure à 4. (clean hydrogen) intensité carbonique S’entend de la quantité en kilogrammes d’équivalent en dioxyde de carbone par kilogramme d’hydrogène produit. (carbon intensity) intensité carbonique attendue S’entend de l’intensité carbonique prévue dans le cadre de la production du projet pour l’hydrogène propre donné d’un contribuable, tel qu’il l’a documenté dans son plan de projet Income Tax PART I Income Tax DIVISION B Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
(c) is entered into by the taxpayer for the primary purpose of operating the taxpayer’s clean hydrogen project during all or any portion of the first 20 years of the project’s operations. (entente pour l’achat d’électricité admissible) pour l’hydrogène propre relativement au projet. (expected carbon intensity) intensité carbonique entrante Relativement à un carburant, à une source d’énergie ou à un apport matériel, s’entend de la quantité, en kilogrammes, d’équivalent en dioxyde de carbone par unité de carburant, de source d’énergie ou d’apport matériel qui est émise au cours du cycle de vie de ce dernier, de cette source d’énergie ou de cet apport matériel. (input carbon intensity) intensité carbonique réelle S’entend de l’intensité carbonique de l’hydrogène produit par un projet admissible pour l’hydrogène propre d’un contribuable, en fonction de l’apport réel à la production d’hydrogène et des émissions réelles provenant de l’hydrogène produit par le projet. (actual carbon intensity) intensité carbonique réelle moyenne S’entend, pour la période de conformité d’un projet pour l’hydrogène propre, du nombre obtenu par la formule suivante : ((A × B) + (C × D) + (E × F) + (G × H) + (I × J)) ÷ K où : A représente l’intensité carbonique réelle du projet pour la première année d’exploitation de la période de conformité; B la quantité d’hydrogène, en kilogrammes, produite par le projet dans la première année d’exploitation de la période de conformité; C l’intensité carbonique réelle du projet pour la deuxième année d’exploitation de la période de conformité; D la quantité d’hydrogène, en kilogrammes, produite par le projet dans la deuxième année d’exploitation de la période de conformité; E l’intensité carbonique réelle du projet pour la troisième année d’exploitation de la période de conformité; F la quantité d’hydrogène, en kilogrammes, produite par le projet dans la troisième année d’exploitation de la période de conformité; G l’intensité carbonique réelle du projet pour la quatrième année d’exploitation de la période de conformité; H la quantité d’hydrogène, en kilogrammes, produite par le projet dans la quatrième année d’exploitation de la période de conformité; I l’intensité carbonique réelle du projet pour la cinquième année d’exploitation de la période de conformité; (d) an automotive vehicle or related refuelling or charging equipment; (g) equipment used for off-site storage. (bien exclu) J la quantité d’hydrogène, en kilogrammes, produite par le projet dans la cinquième année d’exploitation de la période de conformité; K la quantité totale d’hydrogène, en kilogrammes, produite par le projet durant la période de conformité. (average actual carbon intensity) intensité carbonique selon le RCP S’entend de l’intensité en carbone au sens du paragraphe 1(1) du Règlement sur les combustibles propres. (CFR carbon intensity) matériel de soutien du projet S’entend du matériel qui appuie directement un projet admissible pour l’hydrogène propre, selon le cas : a) par la transmission d’énergie électrique du matériel de production d’électricité situé sur place vers le projet; b) par la distribution d’énergie électrique ou d’énergie thermique; c) par la livraison, la collecte, la récupération, le traitement ou la recirculation de l’eau, des condensats ou des résidus. (project support equipment) matériel pour ammonia propre S’entend du matériel utilisé uniquement dans le but de produire de l’ammoniac, notamment le matériel utilisé pour : a) la conversion d’hydrogène en ammonia; b) la récupération et la conversion de la chaleur; c) la production d’azote; d) le stockage d’alimentation (sauf si l’alimentation est de l’hydrogène stocké) et la compression d’alimentation; e) la réfrigération, le transport et le stockage d’ammoniac effectués sur place. (clean ammonia equipment) matériel pour électricité et chaleur à double usage S’entend du matériel employé dans le cadre d’un projet pour l’hydrogène propre (sauf le matériel de production d’électricité qui appuie le projet indirectement et tiré de l’électricité qui soutient la production d’hydrogène provenant d’hydrocarbures admissibles et qui, selon le cas : a) produit de l’énergie électrique, de l’énergie thermique ou une combinaison d’énergie électrique et thermique, dont plus de 50 % de l’énergie électrique ou thermique qui doit être produite au cours des vingt Income Tax PART I Income Tax DIVISION D Computation of Tax SUBDIVISION c Rules Applicable to all Taxpayers
cycle of that fuel, energy source or material input. (intensité carbonique entrante) (a) obtaining permits or regulatory approvals; (d) conducting environmental assessments; or (e) clearing or excavating land. (travaux préliminaires pour l’hydrogène propre) (b) distributing electrical energy or heat energy; or (c) delivering, collecting, recovering, treating or recirculating water, or a combination of those activities. (matériel de soutien du projet) premières années d’exploitation du projet, selon le plus récent plan de projet pour l’hydrogène propre, devrait appuyer : (i) soit un projet de CUSC admissible, sauf si le matériel utilisé des combustibles fossiles et émet du dioxyde de carbone qui n’est pas assujetti au captage par un processus de CUSC, (ii) soit un projet admissible pour l’hydrogène propre, sauf si le matériel utilise des combustibles fossiles et émet du dioxyde de carbone qui n’est pas assujetti au captage par un processus de CUSC; b) constitue du matériel qui transmet directement de l’énergie électrique à partir du matériel visé à l’alinéa a) à un projet admissible pour l’hydrogène propre et plus de 50 % de l’énergie électrique qui sera transmise par le matériel au cours des cinq premières années d’exploitation du projet, selon le plus récent plan de projet pour l’hydrogène propre, devrait appuyer le projet de CUSC admissible ou le projet admissible pour l’hydrogène propre. (dual-use electricity and heat equipment) matériel pour hydrogène et ammonia à double usage S’entend du matériel qui fait partie d’un projet pour l’hydrogène propre, et qui est utilisé pour produire de l’oxygène ou de l’azote destinés en totalité, ou presque, à la production d’hydrogène et d’ammoniac pour le projet. (dual-use hydrogen and ammonia equipment) méthode admissible S’entend de la production d’hydrogène, selon le cas : a) à partir de l’électrolyse de l’eau; b) à partir du reformage ou de l’oxydation partielle d’hydrocarbures admissibles avec du dioxyde de carbone capté au moyen d’un processus de CUSC. (eligible pathway) modèle ACV des combustibles S’entend du modèle d’analyse du cycle de vie des combustibles du gouvernement du Canada publié par le ministre de l’Environnement. (Fuel LCA Model) période de conformité Relativement à un projet pour l’hydrogène propre d’un contribuable, s’entend de la période débutant le premier jour de la période de conformité du projet et se terminant le dernier jour de la cinquième année d’exploitation du projet. (compliance period) plan de projet pour l’hydrogène propre S’entend d’un plan visant un projet pour l’hydrogène propre d’un contribuable qui, à la fois : a) inclut une étude initiale d’ingénierie et de conception (ou une étude équivalente déterminée par le ministre des Ressources naturelles) pour le projet; b) fixe les sources attendues d’électricité qui sera consommée relativement au projet, y compris les sources décrites dans une entente pour l’achat d’électricité admissible; c) fixe l’intensité carbonique attendue de l’hydrogène que doit produire le projet : (i) déterminée conformément au paragraphe (6), (ii) appuyée par un rapport préparé par une firme admissible de validation relativement au projet dans lequel la firme atteste de ce qui suit : (A) les hypothèses formulées pour la modélisation de l’intensité carbonique attendue sont raisonnables, (B) l’intensité carbonique attendue a été déterminée conformément au document intitulé Crédit d’impôt à l’investissement pour l’hydrogène propre – Guide sur la modélisation de l’intensité carbonique publié par le gouvernement du Canada; d) si le projet doit produire de l’ammoniac propre, démontre que les conditions ci-après sont remplies : (i) il est raisonnable de s’attendre à ce que le projet ait une capacité de production d’hydrogène suffisante pour satisfaire les besoins de l’établissement de production d’ammoniac du contribuable, (ii) si l’établissement de production d’hydrogène et l’établissement de production d’ammoniac du contribuable ne sont pas situés au même endroit, il est possible de transporter l’hydrogène entre les établissements; e) contient toute information requise par les lignes directrices publiées par le ministre des Ressources naturelles, y compris le document intitulé Crédit d’impôt à l’investissement pour l’hydrogène propre – Guide sur la validation et la vérification; f) est déposé par le contribuable auprès du ministre des Ressources naturelles, selon les modalités prévues par celui-ci. (clean hydrogen project plan) Income Tax PART I Income Tax DIVISION C Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
(firme admissible de validation) (firme admissible de vérification) (contribuable admissible) specified greenhouse gas means (a) carbon dioxide; (b) methane; Impôt sur le revenu
pourcentage déterminé S’entend : a) relativement au coût en capital d’un bien admissible pour l’hydrogène propre (sauf du matériel visé à l’alinéa b)) acquis par un contribuable admissible en vue d’être utilisé dans le cadre d’un projet pour l’hydrogène propre : (i) si l’intensité carbonique attendue de l’hydrogène que doit produire le projet est inférieure à 0,75, et que le bien est acquis : (A) avant 2034, 40 %, (B) en 2034, 20 %, (C) après 2034, 0 %; (ii) si l’intensité carbonique attendue de l’hydrogène que doit produire le projet est de 0,75 ou plus et inférieure à 2, et que le bien est acquis : (A) avant 2034, 25 %, (B) en 2034, 12,5 %, (C) après 2034, 0 %; (iii) si l’intensité carbonique attendue de l’hydrogène que doit produire le projet est de 2 ou plus et inférieure à 4, et que le bien est acquis : (A) avant 2034, 15 %, (B) en 2034, 7,5 %, (C) après 2034, 0 %; (iv) si l’intensité carbonique attendue de l’hydrogène que doit produire le projet est de 4 ou plus, 0 %; b) relativement au coût en capital d’un bien admissible pour l’hydrogène propre qui est du matériel pour ammoniac propre ou du matériel visé à l’un des sous-alinéas c)(vi) à (vii) de la définition de bien admissible pour l’hydrogène propre à ce paragraphe et qui est utilisé uniquement en lien avec du matériel pour ammoniac propre acquis par un contribuable admissible pour utilisation dans le cadre d’un projet pour l’hydrogène propre : (i) sous réserve des sous-alinéas (ii) et (iii), si le matériel est acquis : (A) avant 2034, 15 %, (B) en 2034, 7,5 %, (d) sulphur hexafluoride; and specified percentage means (A) before 2034, 40%, (A) before 2034, 25%, (A) before 2034, 15%, (C) après 2034, 0 %, (ii) si l’intensité carbonique attendue de l’hydrogène que doit produire le projet et qui sera utilisé dans la production d’ammoniac est de 4 ou plus, 0 %. (specified percentage) premier jour de la période de conformité Relativement au projet pour l’hydrogène propre d’un contribuable, s’entend, selon le cas : a) sauf si les alinéas b) ou c) s’appliquent, du jour donné qui suit de un jour le premier jour de production visé à l’alinéa f); b) si le contribuable produit un choix selon les modalités prévues auprès du ministre avec sa déclaration de revenus pour l’année d’imposition qui inclut le jour donné visé à l’alinéa a), du jour qui suit d’un an le jour donné; c) si le contribuable a produit un choix en vertu de l’alinéa b) et produit un deuxième choix selon les modalités prévues auprès du ministre avec sa déclaration de revenus pour l’année d’imposition qui inclut le jour donné visé à l’alinéa b), du jour qui suit d’un an le jour visé à l’alinéa f). (first day of the compliance period) processus de CUSC S’entend au sens du paragraphe 127.44(1). (CCUS process) projet admissible pour l’hydrogène propre S’entend d’un projet pour l’hydrogène propre d’un contribuable, défini dans le plan de projet pour l’hydrogène propre de celui-ci, relativement auquel le ministre des Ressources naturelles a confirmé par écrit ce qui suit : a) l’hydrogène sera produit au moyen d’une méthode admissible; b) l’intensité carbonique attendue contenue dans le plus récent plan de projet pour l’hydrogène propre du contribuable : (i) est déterminée conformément au paragraphe (6), (ii) peut raisonnablement être atteinte en fonction de la conception du projet; c) si le projet doit produire de l’ammoniac propre, le contribuable a démontré que les conditions ci-après sont remplies : (A) before 2034, 15%, (i) il est raisonnable de s’attendre à ce que le projet ait une capacité de production d’hydrogène suffisante pour satisfaire les besoins de l’établissement de production d’ammoniac du contribuable, (ii) si l’établissement de production d’hydrogène et l’établissement de production d’ammoniac du contribuable ne sont pas situés au même endroit, il est possible de transporter l’hydrogène entre les établissements. (qualified clean hydrogen project) projet de CUSC admissible S’entend au sens du paragraphe 127.44(1). (qualified CCUS project) projet pour l’hydrogène propre Projet d’un contribuable qui comporte, à la fois : a) l’exploitation de biens admissibles pour l’hydrogène propre; b) la production d’hydrogène propre; c) le cas échéant, la production d’ammoniac propre qui utilise une charge d’alimentation d’hydrogène propre et qui est qualifié. (clean hydrogen project) source admissible de production d’électricité S’entend, à un moment donné, d’une source de production d’électricité qui est, selon le cas : a) éolienne; b) solaire; c) hydroélectrique; d) nucléaire; e) géothermique ou marémotrice si, à ce moment, à la fois : (i) une intensité carbonique entrante propre à la technologie de la source de production est disponible dans les modèles ACV des combustibles, (ii) des lignes directrices relatives à la source de production figurent dans le document intitulé Crédit d’impôt à l’investissement pour l’hydrogène propre – Guide sur la modélisation de l’intensité carbonique publié par le gouvernement du Canada. (eligible electricity generation source) travaux préliminaires pour l’hydrogène propre S’entend de travaux qui sont préliminaires à l’acquisition, à la construction, à la fabrication ou à l’installation, par un Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
contribuable ou pour son compte, d’un bien admissible pour l’hydrogène propre relativement au projet pour l’hydrogène propre du contribuable, qui comprennent notamment des travaux préliminaires qui constituent, selon le cas : a) l’obtention des permis ou des autorisations réglementaires; b) des travaux initiaux de conception ou d’ingénierie, notamment les études initiales d’ingénierie et de conception (ou des études équivalentes déterminées par le ministre des Ressources naturelles), à l’exclusion des travaux détaillés de conception ou d’ingénierie en lien avec un bien admissible pour l’hydrogène propre; c) des études de faisabilité ou des études de préfaisabilité (ou des études équivalentes déterminées par le ministre des Ressources naturelles); d) des évaluations environnementales; e) le nettoyage ou l’excavation des terrains. (preliminary clean hydrogen work activity) utilisation autre que pour l’hydrogène ou l’ammoniac S’entend d’une utilisation d’un bien donné à un moment donné qui, si le bien était acquis à ce moment, ferait en sorte qu’il cesse d’être un bien admissible pour l’hydrogène propre, compte tenu de l’alinéa b) de cette définition. (non-hydrogen or ammonia use) utilisation non admissible S’entend au sens du paragraphe 127.44(1). (ineligible use) Crédit d’impôt pour l’hydrogène propre
Si un contribuable admissible joint à sa déclaration de revenu pour une année d’imposition un formulaire prescrit contenant les renseignements prescrits, il est réputé avoir payé, à la date d’exigibilité du solde qui lui est applicable pour l’année, un montant au titre de son impôt payable pour l’année en vertu de la présente partie égal à son crédit d’impôt pour l’hydrogène propre pour l’année. Déduction réputée
Pour l’application du présent article, de l’alinéa 12(1)t), du paragraphe 13(7.1), de l’élément I de la définition de fraction non amortie du coût en capital au paragraphe 13(21), du paragraphe 53(2) et des articles 127.44, 127.45, 127.49 et 129, le montant réputé payé par un contribuable pour une année d’imposition en application du paragraphe (2) pour une année d’imposition est réputé être déduit de son impôt payable par ailleurs en vertu de la présente partie pour l’année. Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
Impôt sur le revenu
Délai d’application
Un montant au titre de l’impôt à payer ne doit pas être réputé avoir été payé en vertu du paragraphe (2) si le contribuable ne produit pas auprès du ministre le formulaire prescrit contenant les renseignements prescrits décrits au paragraphe (2) relativement au montant en cause au plus tard au dernier en date du 31 décembre 2025 et du jour qui suit d’une année la date d’échéance de production qui est applicable au contribuable pour l’année et, si le formulaire prescrit est produit après la date de production qui est applicable au contribuable pour l’année, aucun paiement effectue par le contribuable n’est réputé découler de l’application de ce paragraphe tant que le formulaire prescrit contenant les renseignements prescrits n’est pas présenté au ministre. Moment de l’acquisition
Pour l’application du présent article, un bien admissible pour l’hydrogène propre est réputé ne pas avoir été acquis avant que le bien soit considéré comme devenu prêt à être mis en service par le contribuable, nonobstant les alinéas 13(27)c) et (28)d). Calcul de l’intensité carbonique
Pour le calculer l’intensité carbonique de l’hydrogène que produit et doit produire un projet pour l’hydrogène propre d’un contribuable : a) le plus récent modèle ACV des combustibles, au moment de la production par le contribuable du plan le plus récent plan de projet pour l’hydrogène propre connexe auprès du ministre des Ressources naturelles, doit être utilisé, sauf si, au moment de produire un rapport de conformité en application du paragraphe (16), le contribuable fait le choix d’utiliser une version ultérieure du modèle ACV des combustibles pour calculer l’intensité carbonique réelle du projet; b) il doit être tenu compte, dans l’application du modèle ACV des combustibles, d’une évaluation des émissions provenant de la production d’hydrogène par le projet et des émissions en amont provenant de la production d’apports au processus de production d’hydrogène; c) la quantité d’hydrogène produite par le projet doit être ajustée afin de tenir compte de tout hydrogène consommé dans le processus de production; d) si le contribuable produit de l’hydrogène à partir d’hydrocarbures admissibles, le carbone capté assujetti à une utilisation non admissible est réputé ne pas avoir été capté; e) si, relativement au projet, le contribuable produit ou achète, ou propose de produire ou d’acheter, de l’électricité qui, à la fois : (i) est produite ou sera produite par le contribuable à partir : (A) d’une source admissible de production d’électricité, la contribution de l’électricité à l’intensité carbonique doit correspondre à l’intensité carbonique entrante de l’électricité propre à la technologie dans le modèle ACV des combustibles, (B) de matériel de production situé sur place qui convertit l’hydrogène, la chaleur récupérée du matériel de production d’hydrogène ou d’ammoniac du contribuable ou les hydrocarbures admissibles (le dioxyde de carbone étant capté au moyen d’un processus de CSC) en électricité qui appuie la production d’hydrogène à partir d’hydrocarbures admissibles, la contribution de l’électricité à l’intensité carbonique doit être modélisée dans le cadre du projet, (C) d’un générateur utilisé pour des opérations de démarrage ou d’urgence, la contribution de l’électricité à l’intensité carbonique doit être modélisée dans le cadre du projet, (D) d’une source de production autre que celles visées aux divisions (A) à (C), l’intensité carbonique du projet est réputée supérieure à 4,5, (ii) est achetée ou sera achetée, conformément à une entente pour l’achat d’électricité admissible : (A) la contribution de l’électricité à l’intensité carbonique doit correspondre à l’intensité carbonique entrante propre à la technologie dans le modèle ACV des combustibles, (B) la contribution de l’électricité à l’intensité carbonique attendue doit être calculée en proportion du nombre d’années durant lesquelles l’entente sera en place au cours des vingt premières années d’exploitation du projet, (iii) provient ou proviendra d’un réseau provincial, la contribution à l’intensité carbonique de la quantité nette positive d’électricité (après avoir soustrait l’électricité achetée par le contribuable en vertu d’une entente pour l’achat d’électricité admissible ou produite par le contribuable relativement au (g) if the project uses, or proposes to use, eligible hydrocarbons for the purpose of producing hydrogen, projet qui est, dans les deux cas, transmise au réseau par le contribuable) doit être fondée sur l’intensité carbonique entrante du réseau provincial dans le modèle ACV des combustibles; f) dans le calcul de la quantité d’électricité décrite à l’alinéa e), si la somme des quantités d’électricité des sources décrites aux sous-alinéas e)(i) et (ii) dépasse l’électricité totale consommée ou à consommer par le projet, l’électricité consommée ou à consommer par le projet est réputée être produite : (i) en premier lieu, à partir de la source décrite au sous-alinéa e)(i), (ii) en deuxième lieu, à partir de la source décrite au sous-alinéa e)(ii) jusqu’à concurrence de tout excédent; g) si le projet utilise, ou propose d’utiliser, des hydrocarbures admissibles dans le but de produire de l’hydrogène : (i) s’il s’agit d’un hydrocarbure admissible qui est un hydrocarbure renouvelable admissible relativement au contribuable : (A) la contribution de cet hydrocarbure renouvelable admissible à l’intensité carbonique doit s’appuyer sur l’intensité carbonique selon le RCP la plus récente qui est déterminée en vertu du Règlement sur les combustibles propres, rajustée au besoin, (B) la contribution de cet hydrocarbure renouvelable admissible à l’intensité carbonique attendue doit être calculée en proportion du nombre d’années durant lesquelles cet hydrocarbure sera utilisé au cours des vingt premières années d’exploitation du projet, (ii) dans les autres cas, il doit être tenu compte de l’intensité carbonique entrante de l’hydrocarbure admissible pertinent dans l’application du modèle ACV des combustibles; h) si le contribuable dispose d’attributs environnementaux associés à de l’électricité visée à l’un des sous-alinéas e)(i) et (ii) ou à tout hydrocarbure renouvelable admissible visé au sous-alinéa g)(i), l’intensité carbonique du projet est réputée supérieure à 4,5; i) le document intitulé Crédit d’impôt à l’investissement pour l’hydrogène propre – Guide de la modélisation de l’intensité carbonique publié par le gouvernement du Canada au moment de la production, par le contribuable, de son plus récent plan de projet pour Changes to clean hydrogen project (ii) changes the project’s eligible pathway, or Rules relating to revised project plan
If this subsection applies, l’hydrogène propre connexe auprès du ministre des Ressources naturelles s’applique de manière concluante relativement au calcul de l’intensité carbonique, sauf disposition contraire au présent article. Changements à un projet pour l’hydrogène propre
Le paragraphe (8) s’applique relativement à un projet admissible pour l’hydrogène propre d’un contribuable si, avant le premier jour de la période de conformité du projet : a) le ministre des Ressources naturelles détermine qu’un changement important a été apporté à la conception du projet et demande au contribuable de produire un plan de projet révisé pour le projet; b) le contribuable, selon le cas : (i) ne produit pas les conceptions techniques détaillées définitives auprès du ministre des Ressources naturelles conformément à l’alinéa (9)d), (ii) modifie la méthode admissible du projet, (iii) s’attend raisonnablement à ce qu’il y ait une augmentation (par rapport au plus récent plan de projet pour le projet) de plus de 0,5 kilogramme d’équivalent en dioxyde de carbone par kilogramme d’hydrogène que doit produire le projet; c) toute entente pour l’achat d’électricité admissible mentionnée dans le plus récent plan de projet pour l’hydrogène propre du contribuable, selon le cas : (i) n’a pas été finalisée et signée de manière à devenir juridiquement contraignante, (ii) a été modifiée substantiellement ou résiliée; d) le contribuable a disposé de tout attribut environnemental associé à l’entente. Règles liées au plan de projet révisé
Si le présent paragraphe s’applique, à la fois : a) le contribuable doit produire, dans les cent quatre-vingts jours, un plan de projet révisé relativement au projet auprès du ministre des Ressources naturelles, selon les modalités déterminées par ce dernier; b) si le ministre des Ressources naturelles est convaincu que le projet respectera les exigences prévues aux alinéas a) à c) de la définition de projet admissible pour l’hydrogène propre, à la fois : (i) subject to subparagraph (ii), (i) le ministre des Ressources naturelles doit, avec diligence, confirmer le plan révisé, (ii) le crédit d’impôt pour l’hydrogène propre du contribuable sera recalculé, à compter de la date de production du plan révisé, en fonction de l’intensité carbonique attendue établie dans le plan révisé, (iii) si le contribuable a préalablement déduit un montant relativement à un crédit d’impôt pour l’hydrogène propre, le paragraphe (18) s’applique comme si la période de conformité avait pris fin à cette date et l’intensité carbonique réelle moyenne du projet était égale à l’intensité carbonique attendue établie dans le plan révisé; c) si le ministre des Ressources naturelles n’est pas convaincu conformément à l’alinéa b) et n’envoie pas la confirmation prévue au sous-alinéa b)(i) dans un délai d’un an après la production du plan révisé par le contribuable, à l’échéance de cette période : (i) le projet est réputé ne pas être un projet admissible pour l’hydrogène propre, (ii) l’intensité carbonique réelle moyenne du projet est réputée être supérieure à 4,5, (iii) le paragraphe (18) s’applique comme si la période de conformité du projet s’était terminée à la date d’échéance de cette période; d) si le contribuable omet de produire un plan de projet pour l’hydrogène propre révisé conformément à l’alinéa a), à la date d’échéance de la période de cent quatre-vingts jours prévue à l’alinéa a) : (i) sous réserve du sous-alinéa (ii) : (A) le projet est réputé ne pas être un projet admissible pour l’hydrogène propre, (B) l’intensité carbonique réelle moyenne du projet est réputée être supérieure à 4,5, (C) le paragraphe (18) s’applique comme si la période de conformité du projet s’était terminée à la date d’échéance de cette période, (ii) une fois que le contribuable a produit le plan de projet pour l’hydrogène propre révisé, le sous-alinéa (i) est réputé ne jamais s’être appliqué. Détermination du projet pour l’hydrogène propre et règles applicables
Pour l’application du présent article : (b) be determined without reference to subsections 13(7.1) and (7.4); (d) be determined with reference to subsections 127(11.6) to (11.8) in respect of an expenditure or cost to a taxpayer except that (i) pour laquelle une personne a préalablement déduit une somme en vertu du présent article, (ii) relativement à laquelle une personne a déduit un crédit d’impôt pour le CUSC (au sens du paragraphe 127.44(1)), un crédit d’impôt à l’investissement dans les technologies propres (au sens du paragraphe 127.45(1)) ou un crédit d’impôt à l’investissement pour le FTP (au sens du paragraphe 127.49(1)), (iii) qui a été ajouté au coût d’un bien en vertu de l’article 21; b) doit être déterminé compte non tenu des paragraphes 13(7.1) et (7.4); c) doit être réduit du total des montants dont chacun peut raisonnablement être considéré comme se rapportant au bien et représente, selon le cas : (i) un montant de toute aide gouvernementale ou de toute aide non gouvernementale reçu par le contribuable pendant ou avant l’année d’imposition au cours de laquelle le bien a été acquis, (ii) un montant qui n’est pas visé au sous-alinéa (i) et que, dans l’année d’imposition, le contribuable a le droit de recevoir ou peut raisonnablement s’attendre à recevoir et qui serait une aide gouvernementale ou une aide non gouvernementale s’il avait été reçu par le contribuable pendant l’année; d) doit être déterminé compte tenu des paragraphes 127(11.6) à (11.8) relativement à une dépense ou à un coût pour un contribuable, avec les adaptations suivantes : (i) la mention au paragraphe 127(11.6) du paragraphe 127(11.5) vaut mention de l’article 127.48, (ii) la mention au paragraphe 127(11.6) du paragraphe 127(26) vaut mention du paragraphe 127.48(13), (iii) la mention d’une dépense admissible vaut mention d’une dépense admissible à ajouter au coût en capital d’un bien admissible pour l’hydrogène propre; e) ne doit pas inclure de somme relativement à une dépense engagée pour des travaux préliminaires pour l’hydrogène propre; f) si le bien est du matériel pour électricité et chaleur à double usage, du matériel de soutien de projet ou du matériel décrit à l’un des sous-alinéas c)(iv) à (vi) de la définition de bien admissible pour l’hydrogène propre au paragraphe (1), à l’exception du matériel utilisé en totalité, ou presque, pour appuyer un projet admissible pour l’hydrogène propre, doit être égal au produit de la multiplication du coût en capital du matériel : (i) si le matériel est décrit à l’alinéa (a) de la définition de matériel pour électricité et chaleur à double usage au paragraphe (1), par le rapport entre la quantité d’énergie qui devrait être produite pour une utilisation dans le cadre du projet au cours des vingt premières années d’exploitation du projet et la quantité totale qui devrait être produite par le matériel durant cette période (déterminée compte non tenu de l’énergie produite et consommée par le matériel durant le processus de production d’énergie) selon le plan de projet pour l’hydrogène propre le plus récent du projet, (ii) si le matériel est décrit à l’alinéa (b) de la définition de matériel pour électricité et chaleur à double usage au paragraphe (1) ou à l’alinéa (a) de la définition de matériel de soutien au projet au paragraphe (1), par le rapport entre la quantité d’énergie électrique qui devrait être transmise par le matériel pour une utilisation dans le cadre du projet au cours des vingt premières années d’exploitation du projet et la quantité totale d’énergie électrique qui devrait être transmise par le matériel durant cette période (déterminée compte non tenu de l’énergie électrique consommée par le matériel pendant le processus de transmission), selon le plan de projet pour l’hydrogène propre le plus récent du projet, (iii) si le matériel est décrit à l’alinéa (b) de la définition de matériel de soutien au projet au paragraphe (1), par le rapport entre la quantité d’énergie électrique ou thermique qui devrait être distribuée par le matériel (ou s’il s’agit de matériel qui élargit la capacité du matériel existant, l’énergie électrique ou thermique qui devrait être distribuée par le matériel existant et le nouveau matériel) pour une utilisation dans le cadre du projet au cours des vingt premières années d’exploitation du projet et la quantité totale d’énergie électrique ou thermique qui devrait être distribuée par le matériel (ou le matériel existant et le nouveau matériel) durant cette période (déterminée compte non tenu de l’énergie consommée par le matériel pendant le processus de distribution), selon le plan de projet pour l’hydrogène propre le plus récent du projet, Repayment of assistance (iv) si le matériel est décrit à l’alinéa (e) de la définition de matériel de soutien du projet au paragraphe (1), par le rapport entre la masse d’eau qui devrait être fournie au projet au cours des cinq premières années d’exploitation du projet et la masse d’eau totale qui devrait être traitée par le matériel durant cette période, selon le plan de projet pour l’hydrogène propre du projet, (v) si le matériel est décrit à l’un des sous-alinéas (c)(iv) à (vi) de la définition de bien admissible pour l’hydrogène propre au paragraphe (1) et appuie le matériel décrit à l’un des sous-alinéas (i) à (iv), qui est déterminé en vertu de ce sous-alinéa; g) après avoir appliqué l’alinéa (f), si les biens sont du matériel pour hydrogène et ammoniac à double usage, du matériel pour électricité et chaleur à double usage, du matériel de soutien du projet ou du matériel décrit à l’un des sous-alinéas c)(iv) à (vi) de la définition de bien admissible pour l’hydrogène propre au paragraphe (1) et que ce matériel est utilisé dans la production d’hydrogène et d’ammoniac, être réparti en deux montants distincts de coût en capital, chacun étant déterminé selon le pourcentage d’utilisation attendue du matériel attribuable à la production d’hydrogène et à la production d’ammoniac, et : (i) le montant du coût en capital attribuable à la production d’hydrogène est réputé se rapporter à un bien visé à l’alinéa a) de la définition de pourcentage déterminé au paragraphe (1), (ii) le montant du coût en capital attribuable à la production d’ammoniac est réputé se rapporter à un bien visé à l’alinéa b) de la définition de pourcentage déterminé au paragraphe (1). Remboursement d’un montant d’aide
Lorsque, au cours d’une année d’imposition donnée, un contribuable rembourse (ou n’a pas reçu ou ne peut raisonnablement plus s’attendre à recevoir) un montant d’aide gouvernementale ou d’aide non gouvernementale qui a été appliqué à réduire le coût en capital d’un bien admissible pour l’hydrogène propre en vertu de l’alinéa (10)c) pour une année d’imposition antérieure, le montant remboursé (ou le montant qu’il ne peut raisonnablement plus s’attendre à recevoir) est ajouté au coût, pour le contribuable, d’un bien acquis dans l’année donnée afin de déterminer le montant du crédit d’impôt pour l’hydrogène propre du contribuable pour l’année. Tax shelter investment ((4% × A) ÷ 365) × B where d’exploitation, un rapport de conformité dans la forme et selon les modalités prescrites, y compris : a) l’intensité carbonique réelle de l’hydrogène produit par le projet durant l’année; b) la quantité, en kilogrammes, d’hydrogène produit par le projet durant l’année; c) toute période d’arrêt du projet relativement à l’année; d) pour le rapport de conformité se rapportant à la cinquième année d’exploitation, un rapport qui vérifie l’intensité carbonique réelle de l’hydrogène produit pendant chaque année d’exploitation de la période de conformité, préparé par une firme admissible de vérification relativement au projet; e) toute information requise par les lignes directrices publiées par le ministre des Ressources naturelles, notamment le document intitulé Crédit d’impôt à l’investissement pour l’hydrogène propre – Guide sur la validation et la vérification. Défaut de produire un rapport
Un contribuable qui ne produit pas un rapport de conformité pour un projet conformément au paragraphe (16) est passible d’une pénalité, pour chaque cas de défaut, d’un montant ne dépassant pas le total de tous les crédits d’impôt pour l’hydrogène propre déduits par le contribuable relativement au projet, égal au montant tenu par la formule suivante : ((4% × A) ÷ 365) × B où : A représente le total de tous les montants, chacun étant le montant d’un crédit d’impôt pour l’hydrogène propre relativement au projet déduit par le contribuable pour une année d’imposition se terminant avant la date applicable au paragraphe (16); B le nombre de jours du défaut. Recouvrement — changement de l’intensité carbonique
Dans l’année d’imposition d’un contribuable dans laquelle se termine la période de conformité du projet admissible pour l’hydrogène propre du contribuable, si l’intensité carbonique réelle moyenne de l’hydrogène produit est supérieure à l’intensité carbonique attendue la plus récente qui a servi à déterminer le montant du crédit d’impôt pour l’hydrogène propre relativement au projet, est ajouté à l’impôt par ailleurs payable en vertu de la présente partie pour l’année d’imposition (A – B) × C where Minister’s determination De minimis exception
Subsection (22) applies in a taxation year if (A – B) × (C + D) where Election — sale of clean hydrogen project --- Récupération du crédit d’impôt pour l’hydrogène propre
Si le présent paragraphe s’applique pour une année d’imposition relativement à un bien admissible pour l’hydrogène propre, est ajouté à l’impôt par ailleurs payable du contribuable en vertu de la présente partie pour l’année le montant obtenu par la formule suivante : (A – B) × (C + D) où : A représente le montant du crédit d’impôt pour l’hydrogène propre du contribuable relativement au bien; B le total des montants, chacun pouvant raisonnablement être considéré comme la partie de tout montant payé antérieurement par le contribuable en raison du paragraphe (18) relativement au bien; C un montant, sans excéder le montant obtenu pour l’élément D, égal à a) dans le cas où le bien fait l’objet d’une disposition en faveur d’une personne ou d’une société de personnes n’ayant pas de lien de dépendance avec le contribuable, le produit de disposition du bien, b) dans les autres cas, la juste valeur marchande du bien; D le coût en capital du bien auquel la déduction du crédit d’impôt pour l’hydrogène propre a été appliquée. Choix — vente d’un projet pour l’hydrogène propre
Si, à un moment donné, un contribuable admissible (appelé « vendeur » au présent paragraphe) dispose de la totalité ou de la presque totalité de ses biens faisant partie d’un projet admissible pour l’hydrogène propre d’un contribuable en faveur d’une autre société canadienne imposable (appelée « acheteur » au présent paragraphe), et que le vendeur et l’acheteur font un choix conjoint, sur le formulaire prescrit, au plus tard le jour qui est le premier des dates à laquelle ou avant laquelle tout contribuable qui exerce le choix doit produire une déclaration de revenu conformément à l’article 150 pour l’année d’imposition dans laquelle la transaction a lieu, afin que le présent paragraphe s’applique, les règles suivantes s’appliquent : a) l’acheteur est réputé avoir acquis tout bien admissible pour l’hydrogène propre du vendeur au moment où il a été acquis par ce dernier; b) les dispositions de la présente loi qui s’appliquent au vendeur relativement au bien et qui sont pertinentes pour l’application de la présente loi relativement au bien après ce moment sont réputées avoir été. Member’s share of recovery or recapture appliquées à l’acheteur. Il est entendu que l’acheteur est réputé avoir demandé les crédits d’impôt pour l’hydrogène propre déterminés en vertu du paragraphe (2) que le vendeur aurait pu demander avant ce moment relativement au projet; c) tout plan de projet ayant été produit par le vendeur relativement au projet avant ce moment est réputé avoir été produit par l’acheteur; d) l’acheteur est ou sera responsable des montants relatifs au bien dont le vendeur serait redevable en vertu du présent article relativement aux actions, transactions ou événements qui se produisent après ce moment comme si le vendeur les avait entrepris ou y avait autrement participé; e) le paragraphe (22) ne s’applique pas au vendeur relativement à la disposition d’un bien en faveur de l’acheteur. Événement de récupération — exigences en matière de déclaration
Si le paragraphe (22) s’applique à un contribuable ou à une société de personnes pour une année donnée, le contribuable ou la société de personnes, selon le cas, est tenu d’en aviser le ministre sur le formulaire prescrit et selon les modalités prescrites au plus tard à la date d’échéance de production qui lui est applicable pour l’année ou à la date où une déclaration doit être produite pour l’exercice de la société de personnes en application de l’article 229 du Règlement de l’impôt sur le revenu. Recouvrement et récupération — sociétés de personnes
Si, à un moment donné, un montant a été ajouté en application du paragraphe (12) dans le calcul du crédit d’impôt pour l’hydrogène propre d’un associé d’une société de personnes, les paragraphes (18) à (23) s’appliquent afin de déterminer les montants relativement à la société de personnes comme si celle-ci était une société imposable canadienne, que son exercice était son année d’imposition et qu’elle avait déduit tous les crédits d’impôt pour l’hydrogène propre qui avaient été précédemment ajoutés dans le calcul du crédit d’impôt pour l’hydrogène propre de tout associé en raison de l’application du paragraphe (12) relativement à sa participation dans la société de personnes. Part du recouvrement ou de la récupération de l’associé
Sauf si le paragraphe (27) s’applique, si, dans une année d’imposition, un contribuable est un associé d’une société de personnes, le montant qu’il est raisonnable de considérer comme la part du contribuable de tout Definitions (b) the total of all amounts required by subsection (8) to be added in computing the taxpayer’s CTM investment tax credit at the end of the year. (crédit d’impôt à l’investissement pour la FTP) (A) paragraph (a) or (c) of Class 8, (B) paragraph (a) of Class 43, (B) subparagraph (k)(ii) of Class 10, (iv) is included in paragraph (d) or (j) of Class 12, d) une activité relative au graphite synthétique qui, à la fois : (i) est effectuée au cours de l’étape de graphitisation ou subséquemment, (ii) constitue une activité de traitement des matériaux sensiblement semblable à une activité visée à l’alinéa b), si cet alinéa s’appliquait compte non tenu de son sous-alinéa (i); e) la sphéronisation de graphite ou le revêtement de graphite sphéronisé. (qualifying mineral activity) aide gouvernementale S’entend au sens du paragraphe 127(9). (government assistance) aide non gouvernementale S’entend au sens du paragraphe 127(9). (non-government assistance) bien de FTP S’entend d’un bien d’un contribuable, sauf un bien exclu, qui remplit les conditions suivantes : a) il est situé au Canada et destiné à être utilisé exclusivement au Canada; b) il n’a été utilisé, acquis ni loué par une autre personne ou société de personnes avant son acquisition ou location par le contribuable, sauf s’il a été utilisé, acquis ou loué à quelque fin que ce soit avant son acquisition par le contribuable; c) s’il est destiné à être loué à une autre personne ou une société de personnes par le contribuable, il est loué, à la fois : (i) à un contribuable admissible ou à une société de personnes dont tous les membres sont des contribuables admissibles, (ii) dans le cours normal de l’exploitation d’une entreprise au Canada par le contribuable dont l’entreprise principale consiste à vendre ou entretenir des biens semblables, ou dont l’entreprise principale consiste à louer des biens, à prêter de l’argent, à acheter des contrats de vente conditionnelle, des comptes clients, des créances hypothécaires mobilières, des lettres de change, des sûretés mobilières ou d’autres créances qui représentent tout ou partie du prix de vente de marchandises ou de services, ou consiste en une combinaison de ces activités; d) il est visé à l’annexe II du Règlement de l’impôt sur le revenu et, selon le cas : i) est inclus, selon le cas : (A) aux alinéas a) ou c) de la catégorie 8, (b) in a qualifying mineral activity producing all or substantially all qualifying materials. (utilisation pour la FTP) non-CTM use means a use of a property other than a CTM use. (utilisation autre que pour la FTP) permitted element means hydrogen, carbon, nitrogen, oxygen, phosphorus, sulfur, selenium, sodium, potassium, a halogen or a noble gas. (élément autorisé) (a) lithium; (b) cobalt; (c) nickel; (d) copper; (e) rare earth elements; and (f) graphite. (matériau admissible) (B) à l’alinéa a) de la catégorie 43, (C) à la catégorie 43.1 et serait par ailleurs visé à l’une des divisions (A), (B) et (E), (D) à la catégorie 43.2 et serait par ailleurs visé à la division (C), (E) à la catégorie 53, (iii) est inclus, selon le cas : (A) à l’alinéa b) de la catégorie 8 ou le serait si cet alinéa s’appliquait compte non tenu de l’expression « uniquement » et si la mention de « d’un immeuble » valait mention de « d’une structure », (B) à la catégorie 43.1 et serait par ailleurs visé à la division (A), (C) à la catégorie 43.2 et serait par ailleurs visé à la division (B), (D) à l’alinéa b) de la catégorie 43, (E) à la catégorie 43.1 et serait par ailleurs visé à l’une des divisions (A) à (D), (F) à la catégorie 43.2 et serait par ailleurs visé à la division (E), (iv) est inclus aux alinéas d) ou j) de la catégorie 12, (v) est inclus : (A) soit aux alinéas a) ou e) de la catégorie 10 ou de la catégorie 38, à l’exclusion de tout bien qui est conçu ou aménagé pour circuler sur le réseau routier, (B) soit à la catégorie 56, (vi) serait visé à l’un des sous-alinéas (i) à (v) si la mention de « mine » à l’annexe II du Règlement de l’impôt sur le revenu valait mention de « mine, puits ou bassin à résidus ». (CTM property) Income Tax PART I Income Tax DIVISION C Rules Applicable to all Taxpayers SUBDIVISION C Rules Applicable to all Taxpayers
(d) a synthetic graphite activity that is (e) spheronization of graphite or coating of spheronized graphite. (activité minière admissible) Impôt sur le revenu
bien exclu Tout bien utilisé dans la production de cellules ou de modules de batteries si elle a bénéficié, ou s’il est raisonnable de s’attendre à ce qu’elle bénéficie, d’un soutien en vertu d’un accord de contribution conclu avec le gouvernement du Canada visé à l’article 7300 du Règlement de l’impôt sur le revenu. (excluded property) contribuable admissible Société canadienne imposable. (qualifying taxpayer) crédit d’impôt à l’investissement pour la FTP Relativement à un contribuable admissible pour une année d’imposition, s’entend, à la fois : a) du total des sommes représentant chacune le pourcentage déterminé du coût capital pour le contribuable d’un bien de FTP qu’il a acquis au cours de l’année à des fins d’utilisation pour la FTP; b) du total des sommes à ajouter, en vertu du paragraphe (8), dans le calcul à la fin de l’année, de son crédit d’impôt à l’investissement pour la FTP. (CTM investment tax credit) élément autorisé L’hydrogène, le carbone, l’azote, l’oxygène, le phosphore, le soufre, le chlore, le potassium, les halogènes ou les gaz nobles. (permitted element) matériau admissible S’entend de l’un des matériaux suivants : a) le lithium; b) le cobalt; c) le nickel; d) le cuivre; e) les éléments des terres rares; f) le graphite. (qualifying material) pourcentage déterminé S’entend de l’un des pourcentages ci-après, selon le cas, relativement à un bien de FTP que le contribuable acquiert : a) avant le 1er janvier 2024, déterminé compte non tenu du paragraphe (4), 0 %; b) après le 31 décembre 2023 et avant le 1er janvier 2032, 30 %; c) après le 31 décembre 2031 et avant le 1er janvier 2033, 20 %. (f) after December 31, 2034, nil. (pourcentage déterminé) d) après le 31 décembre 2032 et avant le 1er janvier 2034, 10 %; e) après le 31 décembre 2033 et avant le 1er janvier 2035, 5 %; f) après le 31 décembre 2034, 0 %. (specified percentage) utilisation autre que pour la FTP S’entend de l’utilisation d’un bien autre qu’une utilisation pour la FTP. (non-CTM use) utilisation pour la FTP S’entend de l’utilisation d’un bien, selon le cas : a) dont la totalité ou presque est destinée aux activités visées aux alinéas a) ou c) de la définition de activités admissibles de fabrication de technologies à zéro émission à l’article 5202 du Règlement de l’impôt sur le revenu; b) dans le cadre d’une activité minière admissible pour produire en usine des produits de matériaux admissibles. (CTM use) Crédit d’impôt à l’investissement pour la FTP
Si un contribuable admissible joint à sa déclaration de revenu pour une année d’imposition un formulaire prescrit contenant les renseignements prescrits, le contribuable est réputé avoir payé, à la date d’exigibilité du solde qui lui est applicable pour l’année, un montant au titre de son impôt payable en vertu de la présente partie égal à son crédit d’impôt à l’investissement pour la FTP pour l’année. Délai d’application
Un montant au titre de l’impôt à payer ne doit pas être réputé avoir été payé en vertu du paragraphe (2) si le contribuable ne produit pas auprès du ministre le formulaire prescrit contenant les renseignements prescrits relativement au montant en cause au plus tard le jour qui suit d’une année la date d’échéance de production qui est applicable pour l’année et, si le formulaire prescrit est produit après la date d’échéance de production qui est applicable pour l’année, aucun paiement n’est réputé découler de l’application de ce paragraphe tant que le formulaire prescrit contenant les renseignements prescrits n’est pas présenté au ministre. Moment de l’acquisition
Pour l’application du présent article, un bien de FTP est réputé ne pas avoir été acquis par un contribuable avant que le bien soit considéré comme devenu prêt à use by the taxpayer, determined without reference to paragraphs 13(27)(c) and (28)(d). Special rules — adjustments (b) be determined without reference to subsections 13(7.1) and (7.4); (d) be determined with reference to subsections 127(11.6) to (11.8) in respect of an expenditure or cost to a taxpayer except that être mis en service par le contribuable, déterminé compte non tenu des alinéas 13(27)c) et (28)d). Règles spéciales — redressements
Pour l’application du présent article, le coût en capital d’un bien de FTP pour un contribuable, à la fois : a) ne doit pas inclure un montant relativement à une immobilisation, selon le cas : (i) pour laquelle une personne a déduit antérieurement un montant en vertu du présent article, (ii) à l’égard de laquelle une personne a déduit un crédit d’impôt pour le CUSC (au sens du paragraphe 127.44(1)), un crédit d’impôt à l’investissement dans les technologies propres (au sens du paragraphe 127.45(1)) ou un crédit d’impôt pour l’hydrogène propre (au sens du paragraphe 127.48(1)), (iii) qui a été ajouté au coût d’un bien en vertu de l’article 21; b) doit être déterminé compte non tenu des paragraphes 13(7.1) et (7.4); c) doit être réduit du total des montants dont chacun peut raisonnablement être considéré comme se rapportant au bien et est représenté, selon le cas : (i) un montant de toute aide gouvernementale ou de toute aide non gouvernementale reçu par le contribuable pendant ou avant l’année d’imposition où le bien a été acquis, (ii) un montant qui n’est pas visé au sous-alinéa (i) et que, dans l’année d’imposition, le contribuable a le droit de recevoir ou peut raisonnablement s’attendre à recevoir et qui serait une aide gouvernementale ou une aide non gouvernementale s’il avait été reçu par le contribuable pendant l’année; d) est déterminé compte tenu des paragraphes 127(11.6) à (11.8) relativement à une dépense ou un coût pour le contribuable, avec les adaptations suivantes : (i) la mention au paragraphe 127(11.6) du paragraphe 127(11.5) vaut mention de l’article 127.49, (ii) la mention au paragraphe 127(11.6) du paragraphe 127(26) vaut mention du paragraphe 127.49(9), (iii) le terme « dépense admissible » s’entend d’une dépense admissible à être ajoutée au coût en capital d’un bien de FTP. Repayment of assistance Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION C Rules Applicable to all Taxpayers
Tax shelter investment
Subsection (12) applies in a taxation year if A × (B + C) where B is Impôt sur le revenu
b) ajouté au coût en capital du bien au moment où il est payé. Abri fiscal déterminé
Le paragraphe (2) ne s’applique pas si un bien de FTP — ou une participation dans une personne ou une société de personnes qui a, directement ou indirectement, un intérêt ou, pour le droit civil, un droit sur le bien — est un abri fiscal déterminé pour l’application de l’article 143.2. Récupération — conditions d’application
Le paragraphe (12) s’applique dans une année d’imposition si les conditions suivantes sont remplies : a) un contribuable a acquis un bien de FTP au cours de l’année ou au cours des dix années civiles précédentes; b) le contribuable est en droit de recevoir un crédit d’impôt à l’investissement pour la FTP relativement au coût en capital, ou à une partie du coût en capital, du bien; c) au cours de l’année, le bien (ou un autre bien intégrant le bien) est converti à une utilisation autre que pour la FTP, est exporté du Canada, ou fait l’objet d’une disposition sans avoir été précédemment exporté ou affecté à une utilisation autre que pour la FTP. Récupération du crédit
Si le présent paragraphe s’applique, est ajouté à l’impôt payable par ailleurs par le contribuable en vertu de la présente partie pour l’année le moindre des montants suivants : a) le montant du crédit d’impôt à l’investissement pour la FTP relativement au bien; b) le montant obtenu par la formule suivante : A × (B + C) où : A représente le montant du crédit d’impôt à l’investissement pour la FTP relativement au bien, B selon le cas : (i) dans le cas où le bien fait l’objet d’une disposition en faveur d’une personne ou d’une société de personnes n’ayant pas de lien de dépendance avec le contribuable, le produit de disposition du bien, (ii) dans le cas où le bien fait l’objet d’une disposition en faveur d’une personne ou d’une Certain non-arm’s length transfers Certain non-arm’s length transfers — recapture deferred
Subsection (17) applies in a fiscal period of a partnership if société de personnes ayant un lien de dépendance avec le contribuable, est converti en utilisation autre que pour la FTP ou est exporté du Canada, la juste valeur marchande du bien, C le coût en capital du bien auquel la déduction du crédit d’impôt à l’investissement pour la FTP a été appliquée. Certains transferts entre parties ayant un lien de dépendance
Les paragraphes (11) et (12) ne s’appliquent pas à un contribuable (appelé « cédant » au présent paragraphe) qui dispose d’un bien en faveur d’un contribuable admissible (appelé « acheteur » au présent paragraphe) qui est lié au cédant et acquiert le bien dans des circonstances où le bien serait un bien de FTP (n’eût été l’alinéa b) de la définition de bien de FTP au paragraphe (1)) et pour des fins d’utilisation pour la FTP. Certains transferts entre parties ayant un lien de dépendance — récupération différée
Si les paragraphes (11) et (12) ne s’appliquent pas en raison du paragraphe (13), le paragraphe 127(34) s’applique avec les adaptations nécessaires, notamment que la mention du paragraphe 127(33) vaut mention du paragraphe 127.49(13). Événement de récupération — exigences en matière de déclaration
Si les paragraphes (12) ou (13) s’appliquent à un contribuable pour une année d’imposition, le contribuable est tenu d’en aviser le ministre sur le formulaire prescrit et selon les modalités prescrites au plus tard à la date d’échéance de production qui lui est applicable pour l’année. Récupération du crédit — sociétés de personnes
Le paragraphe (17) s’applique au cours d’un exercice d’une société de personnes si les conditions suivantes sont remplies : a) la société de personnes a acquis un bien de FTP au cours de l’exercice ou au cours des dix années civiles précédentes; b) la totalité ou une partie du coût du bien est comprise dans un montant dont un pourcentage peut raisonnablement être considéré comme ayant été inclus dans le calcul du montant déterminé selon le paragraphe (8) à l’égard de la société de personnes à la fin d’un exercice; Income Tax PART I Income Tax DIVISION E Computation of Tax SUBDIVISION c Rules Applicable to all Taxpayers
Information return — partnerships
Impôt sur le revenu
c) au cours de l’exercice, le bien (ou un autre bien auquel il est incorporé) est affecté à une utilisation autre que pour la FTP, est exporté du Canada, ou fait l’objet d’une disposition sans avoir été précédemment exporté ou affecté à une utilisation autre que pour la FTP. Somme à ajouter à l’impôt
Si le présent paragraphe s’applique à un exercice d’une société de personnes, lorsqu’un contribuable est associé de la société de personnes au cours de l’exercice, est ajouté à son impôt par ailleurs payable en vertu de la présente partie pour son année d’imposition dans laquelle l’exercice prend fin le montant qu’il est raisonnable de considérer comme sa part du montant égal au moindre des montants suivants : a) le montant qu’il est raisonnable de considérer comme ayant été inclus relativement au bien dans le calcul du montant déterminé selon le paragraphe (8) à l’égard de la société de personnes, b) le pourcentage visé à l’alinéa (16b)) multiplié par le montant applicable suivant : (i) s’il est disposé du bien (ou de l’autre bien) en faveur d’une personne sans lien de dépendance avec la société de personnes, le produit de disposition du bien, (ii) dans les autres cas, la juste valeur marchande du bien (ou de l’autre bien) au moment de son affectation, de son exportation ou de sa disposition. Déclaration de renseignements — société de personnes
Si les paragraphes (16) et (17) s’appliquent à l’égard d’un bien d’une société de personnes pour un exercice, la société de personnes est tenue d’aviser le ministre sur le formulaire prescrit et selon les modalités prescrites au plus tard à la date où une déclaration doit être produite en vertu de l’article 229 du Règlement de l’impôt sur le revenu pour l’exercice. Crédit d’impôt à l’investissement pour la FTP — but
Le présent article vise à encourager l’investissement de capital au Canada à des fins d’utilisation pour la FTP. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2024, ch. 17, art. 38; 2024, ch. 17, art. 80.
DIVISION E.1 Minimum Tax exceeds [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 127.5; 1988, c. 15, s. 149; 2000, c. 19, s. 37. Minimum amount determined A(B - C) - D where C is [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1986, c. 55, s. 50; 1988, c. 55, s. 111; 2014, c. 39, s. 43; 2024, c. 17, s. 40. (a) [Repealed, 1999, c. 22, s. 50(2)] exceeds exceeds corresponde au total des montants ainsi déductibles par ailleurs par le particulier pour l’année ou, s’il est inférieur, à l’excédent éventuel du total des montants suivants : (i) le total des montants représentant chacun le revenu du particulier pour l’année provenant de la location d’une production cinématographique dont le particulier ou une société de personnes est propriétaire, calculé compte non tenu des alinéas 20(1)(a) et c) à f), (ii) l’excédent éventuel du total visé à la division (A) sur le total visé à la division (B) : (A) le total des montants représentant chacun le gain en capital imposable du particulier pour l’année provenant de la disposition d’une telle production cinématographique dont le particulier ou une société de personnes est propriétaire, (B) le total des montants représentant chacun la perte en capital déductible du particulier pour l’année provenant de la disposition d’une telle production cinématographique dont le particulier ou une société de personnes est propriétaire, sur le total des montants représentant chacun la perte du particulier pour l’année provenant d’une telle production cinématographique dont le particulier ou une société de personnes est propriétaire — à l’exception d’un montant inclus dans la part qui revient au particulier d’une perte visée à l’alinéa c.1) — calculé compte non tenu des alinéas 20(1)(a) et c) à f);
c.1) si, au cours de l’exercice d’une société de personnes qui se termine dans l’année (sauf un exercice qui prend fin par l’effet du paragraphe 99(1)), la participation du particulier dans la société de personnes est une participation à laquelle un numéro d’inscription doit être ou a été attribué en application de l’article 237.1 : (i) la part qui lui revient des pertes en capital déductibles de la société de personnes pour l’exercice corresponde au moindre des montants suivants : (A) le total des montants représentant chacun : (I) soit la part qui lui revient du gain en capital imposable pour l’exercice provenant de la disposition d’un bien, sauf un bien acquis par la société de personnes dans le cadre d’une opération à laquelle s’applique le paragraphe 97(2), (B) the individual’s share of allowable capital losses of the partnership for the fiscal period, (A) the individual’s share of the loss, and exceeds (A) the total of (II) soit son gain en capital imposable pour l’année provenant de la disposition de sa participation dans la société de personnes, si le particulier, ou une personne avec laquelle il a un lien de dépendance, n’a de participation dans la société de personnes à aucun moment de l’année d’imposition subséquente (autrement que par l’effet des alinéas 98(1)a) ou 98.1(1)a)), (B) la part qui lui revient des pertes en capital déductibles de la société de personnes pour l’exercice, (ii) la part qui lui revient de chaque perte résultant d’une entreprise de la société de personnes pour l’exercice corresponde au moins élevé des montants suivants : (A) la part qui lui revient de la perte, (B) l’excédent éventuel du total visé à la subdivision (I) sur le total visé à la subdivision (II) : (I) le total des montants représentant chacun 1 soit la part qui lui revient du gain en capital imposable pour l’exercice provenant de la disposition d’un bien que la société de personnes utilise dans le cadre de l’entreprise, sauf un bien qu’elle a acquis dans le cadre d’une opération à laquelle s’applique le paragraphe 97(2), 2 soit son gain en capital imposable pour l’année provenant de la disposition de sa participation dans la société de personnes, si le particulier, ou une personne avec laquelle il a un lien de dépendance, n’a de participation dans la société de personnes à aucun moment de l’année d’imposition subséquente (autrement que par l’effet des alinéas 98(1)a) ou 98.1(1)a)), (II) le total des montants représentant chacun la part qui lui revient d’une perte en capital déductible pour l’exercice, (iii) la part qui lui revient des pertes résultant de biens de la société de personnes pour l’exercice corresponde au moins élevé des montants suivants : (A) le total des montants suivants : (A) the individual’s share of an allowable capital loss for the fiscal period, and (d) except in respect of dispositions of property occurring before 1986 or to which section 79 applies, A + B where (iii) [Repealed, 2013, c. 34, s. 271] (iv) le total des montants représentant chacun la part qui revient au particulier du revenu de la société de personnes pour l’exercice, déterminé en conformité avec le paragraphe 96(1);
c.3) le total des montants représentant chacun un montant déductible dans le calcul du revenu du particulier pour l’année relativement à un bien auquel un numéro d’inscription doit être ou a été attribué en application de l’article 237.1 (à l’exception d’un montant auquel s’applique l’un des alinéas b) à c.2)) soit nul; d) sauf pour les dispositions de biens effectuées avant 1986 ou auxquelles l’article 79 s’applique : (i) la mention de la fraction qui s’applique au particulier pour l’année dans chacun des alinéas 38a) et b) et à l’article 41 soit remplacée par « 1/1 », (ii) chaque montant qu’une fiducie attribue au particulier pour une année donnée de la fiducie et qui est réputé, en vertu du paragraphe 104(21), être un gain en capital imposable du particulier pour l’année soit égal au montant obtenu par la formule suivante : A + B où : A représente le montant ainsi réputé être un gain en capital imposable du particulier pour l’année, B la fraction figurant à l’alinéa 38a) qui s’applique à la fiducie pour l’année donnée de la fiducie pour laquelle l’attribution est effectuée; (iii) [Abrogé, 2013, ch. 34, art. 271]
d.1) pour une disposition à laquelle l’alinéa 38a.1) s’applique, le passage de cet alinéa précédant son sous-alinéa (i) soit remplacé par « le gain en capital imposable d’un contribuable pour une année d’imposition, tiré de la disposition d’un bien, est égal à 3/10 du gain en capital pour l’année tiré de la disposition du bien, si le bien est »; e) le total des montants déductibles selon les articles 65, 66, 66.1, 66.2, 66.21 ou 66.4 et selon les paragraphes 29(10) ou (12) des Règles concernant l’application de l’impôt sur le revenu dans le calcul du revenu du particulier pour l’année corresponde aux montants ainsi déductibles par ailleurs pour l’année ou soit inférieur, au total des montants suivants : (i) son revenu pour l’année tiré de redevances relatives à la production de pétrole, de gaz naturel ou de minéraux, additionné de la partie de son revenu pour exceeds (h) the only amounts deductible under sections 110 to 110.7 in computing the individual's taxable income for the year, non tiré de redevances, qu’il est raisonnable de considérer comme attribuable à une telle production, calculés l’un et l’autre avant que ces déductions soient faites, (ii.1) le revenu du particulier pour l’année, calculé avant que ces déductions soient faites, qui est tiré soit d’un bien visé aux catégories 43.1 ou 43.2 de l’annexe II du Règlement de l’impôt sur le revenu, soit d’une entreprise qui consiste à vendre le produit d’un tel bien, (ii) les montants inclus dans le calcul de son revenu pour l’année en vertu de l’article 59; e.1) le total des montants représentant chacun un montant déductible selon les alinéas 20(1)c) à f) dans le calcul du revenu du particulier pour l’année relativement à une action accréditive (si le particulier est la personne à laquelle l’action a été émise aux termes d’une convention visée à la définition de action accréditive au paragraphe 66(15)), à un avoir minier canadien ou à un avoir minier étranger correspond au moindre du total des montants ainsi déterminés pour ailleurs pour l’année et, s’il est inférieur, à l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii): (i) le total des montants représentant chacun un montant visé aux sous-alinéas e)(i) ou (ii), déterminé compte non tenu des alinéas 20(1)c) à f), (ii) le total des montants représentant chacun un montant déductible selon les articles 65, 66, 66.1, 66.2, 66.21 ou 66.4 ou selon les paragraphes 29(10) ou (12) des Règles concernant l’application de l’impôt sur le revenu dans le calcul du revenu du particulier pour l’année; f) le paragraphe 82(1) ne comporte pas l’alinéa b); g) le total des montants déductibles selon l’article 104 dans le calcul du revenu d’une fiducie pour l’année soit égal au total des montants suivants: (i) le total des montants ainsi déductibles par ailleurs, (ii) le total des montants représentant chacun : (A) un montant attribué par la fiducie en application du paragraphe 104(21) pour l’année, (B) la partie d’un gain en capital imposable net de la fiducie qu’il est raisonnable de considérer : A - B (A) 1/2 of all amounts deducted for the year under paragraphs 111(1)(a), (c), (d) and (e), and (I) soit comme comprises dans un montant inclus, en application du paragraphe 104(13) ou de l’article 105, dans le calcul du revenu pour l’année d’un bénéficiaire non-résident de la fiducie, (II) soit comme versée au cours de l’année par la fiducie, s’il s’agit d’une fiducie régie par un régime de prestations aux employés, à un bénéficiaire du régime; h) les seuls montants déductibles selon les articles 110 à 110.7 dans le calcul, pour l’année, du revenu imposable ou du revenu imposable gagné au Canada du particulier soient les montants suivants : (i) les montants déduits en application du paragraphe 110(2), (ii) les 7/5 des montants déduits en application de l’alinéa 110(1)d.01) ou de l’un des paragraphes 110.6(2) et (2.1), (iii) le montant qui serait déductible en application de l’alinéa 110(1)f) si le particulier avait déduit la moitié du montant qu’il a déduit pour l’année en application du sous-alinéa 110(1)f)(v), (iv) la moitié du montant déduit pour l’année en application du paragraphe 110.7(1), (v) le montant déduit en application de l’alinéa 110(1)g); (vi) deux fois le montant déduit en application du paragraphe 110.6(1.2); h.1) la formule figurant à l’alinéa 110.6(21)a) se lise sans la fraction qui y figure; i) les seuls montants déductibles selon le paragraphe 111(1) dans le calcul, pour l’année, du revenu imposable ou du revenu imposable gagné au Canada du particulier soient, à la fois : (i) pour ce qui est de chacun des alinéas 111(1)a), c), d) et e), la moitié des montants déduits pour l’année en application de ces alinéas ou, s’il est inférieur, le total des montants qui seraient déductibles selon ces alinéas pour l’année si le montant qui serait déductible en vertu de ces alinéas représentait la moitié du montant qui serait déductible ailleurs en vertu de ces alinéas et si, à la fois : (i) paragraphs 8(1)(c) to (e), (g) to (l.2) and (p) to (t), (iii) paragraphs 60(c), (e.1) and (g), (iv) subsections 62(1) and (2), (v) subsections 63(1) and (2.2), and (vi) section 64. Income Tax PART I Income Tax DIVISION E.1 Minimum Tax
Definitions Impôt sur le revenu
Sociétés de personnes
Pour l’application du paragraphe (1) et du présent paragraphe, tout montant déductible selon une disposition de la présente loi dans le calcul du revenu ou de la perte d’une société de personnes pour un exercice est réputé être déductible par un associé selon cette disposition, jusqu’à concurrence de la part qui lui revient, dans le calcul de son revenu pour l’année d’imposition dans laquelle l’exercice se termine. Associé déterminé d’une société de personnes (2.1) L’associé d’une société de personnes au sujet duquel il est raisonnable de considérer que l’une des principales raisons pour lesquelles il n’est pas un associé déterminé de la société de personnes depuis qu’il en est un associé est d’éviter l’application du présent article à sa participation dans la société de personnes est réputé, pour l’application de cet article, avoir été un associé déterminé de la société de personnes sans interruption depuis qu’il en est un associé. Définitions
Les définitions qui suivent s’appliquent au présent article. bien de location Bien qui est un bien locatif ou un bien de location pour l’application de l’article 1100 du Règlement de l’impôt sur le revenu. (rental or leasing property) commanditaire S’entend au sens du paragraphe 96(2.4), compte non tenu du passage « si sa participation dans celle-ci n’est pas, à ce moment, une participation exonérée au sens du paragraphe (2.5) et ». (limited partner) immeuble d’habitation [Abrogée, 1998, ch. 19, art. 150(8)] production cinématographique Bien visé à l’alinéa n) de la catégorie 12 ou à l’alinéa w) de la catégorie 10 de
(d) an amount deducted under section 119 or subsection 127(1) in computing the individual’s tax payable for the year under this Part. R.S., 1985, c. 1 (5th Supp.), s. 127.531; 2006, c. 4, s. 76; 2007, c. 2, s. 35; 2009, c. 31, s. 14; 2011, c. 24, s. 41; 2014, c. 20, s. 19; 2024, c. 17, s. 45. Definitions
(b) the lesser of A × B where [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 127.54; 2001, c. 17, s. 120; 2006, c. 4, s. 77; 2024, c. 17, s. 43. Application of s. 127.5 (a) a return of income of an individual filed under subsection 70(2), paragraph 104(23)(d) or 128(2)(e) or subsection 150(4); impôts payés à l’étranger Le total, pour une année d’imposition, des impôts sur le revenu tiré d’une entreprise, au sens du paragraphe 126(7), payés par un particulier à l’égard des entreprises qu’il exploite à l’étranger et des 2/3 des impôts sur le revenu ne provenant pas d’une entreprise, au sens du même paragraphe, payés par ce particulier aux gouvernements de pays étrangers. (foreign taxes) revenu de source étrangère Le total, pour une année d’imposition, des revenus qu’un particulier tire d’entreprises qu’il exploite à l’étranger et des revenus (déterminés comme si l’alinéa 127.52(1)d) s’appliquait) de sources situées à l’étranger et sur lesquels il a payé aux gouvernements de pays étrangers des impôts sur le revenu ne provenant pas d’une entreprise, au sens du paragraphe 126(7). (foreign income) Crédit spécial pour impôts étrangers
Pour l’application de l’article 127.5, le crédit spécial pour impôts étrangers d’un particulier pour une année d’imposition correspond au plus élevé des montants suivants : a) le total des montants déductibles de l’impôt du particulier pour l’année en vertu de l’article 126; b) le moindre des montants suivants : (i) ses impôts payés à l’étranger pour l’année, (ii) la somme obtenue par la formule suivante : A × B où : A représente 20,5 %, B le revenu de source étrangère du particulier pour l’année. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 127.54; 2001, ch. 17, art. 120; 2006, ch. 4, art. 77; 2024, ch. 17, art. 43. Impôt minimum inapplicable
a) ni à une déclaration de revenu d’un particulier produite en vertu du paragraphe 70(2), de l’alinéa 104(23)d) ou 128(2)e) ou du paragraphe 150(4); (b) [Repealed, 2001, c. 17, s. 121(1)] (d) an individual for the 1986 taxation year if the individual dies in 1987; (i) a trust referred to in paragraph 150(1.2)(f), (g), (i), (j), (l) or (n), (iii) a trust DIVISION F Bankruptcies Where corporation bankrupt (a) the trustee in bankruptcy shall be deemed to be the agent of the bankrupt for all purposes of this Act; Where individual bankrupt (a) the trustee in bankruptcy shall be deemed to be the agent of the bankrupt for all purposes of this Act; (d) except for the purposes of subsections 146(1), 146.01(4) and 146.02(4) and Part X.1, (ii) le paiement par le failli ou le syndic éteint d’autant l’obligation; f) dans le cas d’une année d’imposition donnée de la société se terminant durant la période où la société est en faillite, celle-ci est réputée n’être associée à aucune autre société au cours de l’année considérée; g) lorsqu’une ordonnance de libération ne comportant aucune réserve est rendue à l’égard de la société, pour l’application de l’article 111, aucune perte subie par la société au cours d’une année d’imposition antérieure à l’année au cours de laquelle l’ordonnance de libération est rendue n’est déductible par la société dans le calcul de son revenu imposable pour une année d’imposition au cours de laquelle cette ordonnance a été rendue ou pour toute année postérieure. Faillite d’un particulier
Lorsqu’un particulier est en faillite, les règles suivantes s’appliquent : a) pour l’application générale de la présente loi, le syndic de faillite est réputé être le mandataire du failli; b) l’actif du failli est, pour l’application de la présente loi, considéré comme ne constituant ni une fiducie ni une succession; c) le revenu et le revenu imposable du particulier pour toute année d’imposition au cours de laquelle il était en faillite et pour toute année postérieure doivent être calculés : (i) comme si le syndic de faillite n’était ni saisi ni mis en possession des biens du failli dès que l’ordonnance de faillite est rendue ou que la cession est produite, mais comme si le failli en restait saisi, (ii) comme si le syndic accomplissait les opérations portant sur l’actif du failli ou les actes concernant la poursuite des activités de l’entreprise en faillite à titre de mandataire agissant pour le compte du failli et comme si tout revenu du syndic tiré de ces opérations ou actes était le revenu du failli et non du syndic; d) sauf pour l’application des paragraphes 146(1), 146.01(4) et 146.02(4) et de la partie X.1 : (i) l’année d’imposition du particulier est réputée avoir commencé au début du jour où il est mis en faillite, (ii) sa dernière année d’imposition ayant commencé avant ce jour est réputée avoir pris fin immédiatement avant ce jour; exceeds and exceeds (d.3) dans le cas où, par l’effet de l’alinéa d), l’année d’imposition du particulier n’est pas une année civile, les règles ci-après s’appliquent : (i) pour l’application du paragraphe 146.6(1) et de la définition de **excédent de CELIAPP** au paragraphe 207.01(1) à chaque année d’imposition se terminant au cours de l’année civile, toute mention de « année d’imposition » vaut mention de « année civile », (ii) pour l’application du paragraphe 146.6(5) à chaque année d’imposition se terminant au cours de l’année civile, l’élément A de la formule figurant à l’alinéa 146.6(5)a) est réputé avoir le libellé suivant : « A représente le total des sommes représentant chacune le plafond annuel au titre du CELIAPP du particulier pour l’année civile au cours de laquelle l’année d’imposition se termine et chaque année civile précédente, » (e) lorsqu’un particulier était en faillite à un moment donné au cours d’une année civile, le syndic, dans les 90 jours suivant la fin de l’année, présente au ministre une déclaration selon le formulaire prescrit indiquant le revenu du particulier pour toute année d’imposition se terminant au cours de l’année civile, calculé : (i) comme si le seul revenu du particulier pour une telle année d’imposition était le revenu de l’année éventuellement tiré des opérations portant sur l’actif du failli ou des actes dans le cadre de l’exploitation de l’entreprise du failli, accomplis par le syndic, (ii) comme si, dans le calcul du revenu imposable du particulier pour l’année d’imposition en question, il n’était permis de déduire selon la section C que les montants suivants : (A) un montant prévu par l’un des alinéas 110(1)d) à (d.3) ou par l’article 110.6, dans la mesure où il se rapporte à un montant inclus dans le revenu en application du sous-alinéa (i) pour cette année, (B) un montant prévu par l’article 111, dans la mesure où il se rapporte à une perte du particulier pour une année d’imposition qui s’est terminée avant sa libération inconditionnelle, (iii) comme si, dans le calcul de l’impôt payable en vertu de la présente partie par le particulier pour (C) section 118.61 or 120.2 or subsection 127(5), l’année d’imposition en question, aucune déduction n’était permise en application : (A) de l’un des articles 118 à 118.07, 118.2, 118.3, 118.5, 118.8 et 118.9, (B) de l’article 118.1 au titre d’un don fait par le particulier le jour de sa faillite ou postérieurement, (B.1) de l’article 118.62 au titre des intérêts payés le jour de sa faillite ou postérieurement, (C) du paragraphe 127(5) au titre d’une dépense engagée par le particulier, ou d’un bien acquis par lui, au cours d’une année d’imposition se terminant après sa libération inconditionnelle; le syndic est en outre tenu d’acquitter tout impôt ainsi déterminé pour l’année d’imposition en question; f) malgré l’alinéa e), le particulier doit produire une déclaration distincte de son revenu pour toute année d’imposition durant laquelle il a été en faillite, calculée comme si : (i) le revenu que le syndic était tenu de déclarer pour l’année sous le régime de l’alinéa e) n’était pas le revenu du particulier, (ii) dans le calcul du revenu, le particulier n’avait pas le droit de déduire une perte quelconque subie par le syndic pour l’année dans le cadre de l’administration de l’actif du failli ou de l’exploitation de l’entreprise du failli, (iii) dans le calcul du revenu imposable du particulier pour l’année, aucun montant n’était déductible en application de l’une des alinéas 110(1)(d) à d.3) ou de l’article 110.6 au titre d’un montant inclus dans le revenu en application du sous-alinéa e)(i), et aucun montant n’était déductible selon l’article 111, (iv) dans le calcul de l’impôt payable par le particulier pour l’année en vertu de la présente partie, aucun montant n’était déductible selon les dispositions suivantes : (A) l’article 118.1 au titre d’un don effectué avant le jour de la faillite du particulier, (B) l’article 118.62 au titre des intérêts payés avant sa faillite, (C) les articles 118.61 ou 120.2 ou le paragraphe 127(5);
[Repealed, 1998, c. 19, s. 152] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 128; 1988, c. 7, Sch. V, s. 2; 1994, c. 7, Sch. II, s. 2; 1998, c. 19, s. 152; 1999, c. 22, s. 65; 2001, c. 17, s. 122; 2004, c. 25, s. 91; 2006, c. 4, s. 78; 2007, c. 2, s. 36; 2009, c. 31, s. 15; 2011, c. 24, s. 442; 2012, c. 31, s. 271; 2013, c. 34, ss. 129, 272; 2014, c. 20, s. 70; 2015, c. 36, s. 33; 2016, c. 7, s. 37; 2024, c. 15, s. 33. Deemed disposition une perte déductible au titre d’un placement d’entreprise, pour la partie de cette perte qui ne dépasse le moindre des montants visés aux sous-alinéas (i) et (ii), pour le calcul, selon l’article 110.6, du plafond des gains cumulatifs du particulier pour les années d’imposition qui suivent celle où l’alinéa e) s’applique pour la dernière fois au particulier : (i) le montant des pertes déductibles au titre d’un placement d’entreprise qu’il subit pour l’année d’imposition donnée, (ii) toute partie de la perte autre qu’une perte en capital qu’il subit pour cette année donnée et qui n’est pas déduite dans le calcul de son revenu imposable pour une année d’imposition au cours de laquelle l’alinéa e) s’applique au particulier ou pour une année d’imposition antérieure.
[Abrogé, 1998, ch. 19, art. 152] [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 128; 1988, ch. 7, ann. V, art. 2; 1994, ch. 7, ann. II, art. 2; 1998, ch. 19, art. 152; 1999, ch. 22, art. 65; 2001, ch. 17, art. 122; 2004, ch. 25, art. 91; 2006, ch. 4, art. 78; 2007, ch. 2, art. 36; 2009, ch. 31, art. 15; 2011, ch. 24, art. 442; 2012, ch. 31, art. 271; 2013, ch. 34, art. 129 et 272; 2014, ch. 20, art. 70; 2015, ch. 36, art. 33; 2016, ch. 7, art. 37; 2024, ch. 15, art. 33. Changement de résidence
Fin d’année et d’exercice a) lorsque le contribuable est une société ou une fiducie, les présomptions suivantes s’appliquent : (i) son année d’imposition qui comprendrait par ailleurs ce moment donné est réputée avoir pris fin immédiatement avant ce moment et sa nouvelle année d’imposition, avoir commencé à ce moment, (ii) aux fins de déterminer l’exercice du contribuable après ce moment donné, le contribuable est réputé ne pas avoir établi d’exercice au cours de ce moment; Présomption de disposition b) le contribuable est réputé avoir disposé, au moment (appelé « moment de la disposition » au présent paragraphe) immédiatement avant le moment immédiatement avant le moment donné, de chaque bien lui appartenant, à l’exception, s’il est un particulier, des biens suivants, pour un produit égal à la juste valeur marchande de ce bien au moment de la disposition : (v) [Repealed, 2001, c. 17, s. 123] A × B/C where (i) la société est réputée avoir versé, immédiatement avant le moment de la disposition, sur les actions émises de la catégorie un dividende égal au montant de redressement du capital versé au titre de la catégorie, (ii) chaque personne (sauf une personne à l’égard de laquelle la société est une société étrangère affiliée) qui détenait des actions émises de la catégorie est réputée avoir reçu, immédiatement avant le moment de la disposition, un dividende égal au produit de la multiplication du montant du dividende ainsi réputé avoir été versé par le rapport entre le nombre d’actions de la catégorie détenues par la personne immédiatement avant le moment de la disposition et le nombre d’actions émises de la catégorie qui étaient en circulation immédiatement avant le moment de la disposition; Opérations de transfert de sociétés étrangères affiliées — société arrivant au Canada (c.3) Si le contribuable est une société qui était contrôlée par une personne non-résidente ou, si aucune personne non-résidente ne la contrôlait, par un groupe de personnes non-résidentes qui ont entre elles des liens de dépendance (chacune de ces personnes non-résidentes, ou chaque membre du groupe de personnes non-résidentes, selon le cas, est appelée « entité mère », et le groupe de personnes non-résidentes, le cas échéant, est appelé « le groupe d’entités mères »), immédiatement avant le moment donné, et qu’il détenait, immédiatement avant le moment donné, une ou plusieurs actions d’une ou de plusieurs sociétés non-résidentes (appelées chacune « société affiliée » au présent alinéa) qui, immédiatement après le moment donné, étaient — ou sont devenues dans le cadre d’une opération, d’un événement ou d’une série d’opérations ou d’événements qui comprend le moment où le contribuable est devenu résident au Canada — des sociétés étrangères affiliées du contribuable, les règles ci-après s’appliquent : (i) la somme obtenue par la formule ci-après est à déduire dans le calcul du capital versé, à tout moment après le moment immédiatement après le moment donné, au titre d’une catégorie donnée d’actions du capital-actions du contribuable : A × B/C où : A représente la moins élevée des sommes suivantes : Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
(A – B) × C/D where Impôt sur le revenu
Changement de résidence
(A) le capital versé au titre de l’ensemble des actions du capital-actions du contribuable au moment immédiatement après le moment donné, (B) le total des sommes dont chacune représente la juste valeur marchande au moment donné : (i) d’une action du capital-actions d’une société affiliée déterminée qui appartient au contribuable à ce moment, (ii) d’une somme due au contribuable par la société affiliée déterminée à ce moment, B le capital versé au titre de la catégorie donnée d’actions du capital-actions du contribuable au moment immédiatement après le moment donné, C le capital versé au titre de l’ensemble des actions du capital-actions du contribuable au moment immédiatement après le moment donné, (ii) pour l’application de la partie XIII, le contribuable est réputé, immédiatement après le moment donné, avoir reçu du contribuable un dividende correspondant au montant déterminé selon la formule suivante : (A – B) × C/D où : A représente la somme déterminée selon la division (B) de l’élément A de la formule figurant au sous-alinéa (i), B la somme déterminée selon la division (A) de l’élément A de la formule figurant au sous-alinéa (i), C la juste valeur marchande, immédiatement après le moment donné, des actions du capital-actions du contribuable qui sont détenues, directement ou indirectement, par l’entité mère, D le total des sommes représentant chacune la juste valeur marchande, immédiatement après le moment donné, des actions du capital-actions du contribuable qui sont détenues, directement ou indirectement, par une entité mère. Société étrangère affiliée d) lorsque le contribuable était, immédiatement avant le moment donné, une société étrangère affiliée d’un autre contribuable qui réside au Canada : Trusts subject to subsection 94(3) A × B/C where Paid-up capital adjustment (A × B/C) - D where exceeds Paid-up capital adjustment où : A représente l’excédent éventuel du total visé au sous-alinéa (ii) sur le total visé au sous-alinéa (iii) : (ii) le total des montants représentant chacun un montant réputé par l’alinéa (1)c) être le coût pour la société d’un bien réputé par cet alinéa avoir été acquis par elle à ce moment, (iii) le total des montants représentant chacun une dette de la société, ou un autre montant qu’elle est tenue de payer, qui est impayé à ce moment, B la juste valeur marchande à ce moment de l’ensemble des actions de la catégorie donnée, C le total des montants représentant chacun la juste valeur marchande à ce moment de l’ensemble des actions d’une catégorie d’actions du capital-actions de la société, D le capital versé à ce moment, déterminé compte non tenu du présent paragraphe, au titre de la catégorie donnée; b) pour l’application de la présente loi, le capital versé au titre d’une catégorie d’actions du capital-actions de la société, à un moment postérieur au moment donné et antérieur au moment subséquent éventuel où la société redevient un résident du Canada, fait l’objet des opérations suivantes : (i) il est ajouté dans le calcul de ce capital versé le montant de redressement du capital versé au titre de la catégorie donnée, si ce montant est positif et si la société en fait le choix, par avis écrit adressé au ministre dans les 90 jours suivant le moment donné, pour toutes les catégories d’actions du capital-actions de la société relativement à cette acquisition de résidence, (ii) il est déduit dans le calcul de ce capital versé, le montant de redressement du capital versé au titre de la catégorie donnée est négatif, la valeur absolue de ce montant. Montant de redressement du capital versé
Pour le calcul du capital versé, à un moment donné, au titre d’une catégorie d’actions du capital-actions d’une société : a) la valeur de l’élément A ou, si elle est moins élevée, la valeur de l’élément B est à déduire dans ce calcul, et la valeur de l’élément A ou, si elle est moins élevée, la valeur de l’élément C est à ajouter dans ce calcul, où : Income Tax PART I Income Tax DIVISION J Special Rules Applicable in Certain Circumstances
exceeds Emigration Impôt sur le revenu
Changement de résidence
A représente la valeur absolue de la différence entre les totaux suivants : (i) le total des sommes réputées, en vertu des paragraphes 84(3), (4) ou (4.1), être un dividende versé par la société avant ce moment sur des actions de la catégorie, (ii) le total qui serait déterminé selon le sous-alinéa (i) si la présente loi s’appliquait compte non tenu du paragraphe (2), B le total des sommes à ajouter, aux termes du paragraphe (2), dans le calcul du capital versé au titre de la catégorie avant ce moment; C le total des sommes à déduire, aux termes du paragraphe (2), dans le calcul du capital versé au titre de la catégorie avant ce moment; b la moins élevée des sommes ci-après est à ajouter dans ce calcul : (i) l’excédent du total visé à la division (A) sur celui visé à la division (B) : (A) le total des sommes réputées, en vertu des paragraphes 84(3), (4) ou (4.1), être un dividende versé par la société sur des actions de la catégorie après le 28 mars 2012 et avant ce moment, (B) le total qui serait déterminé selon la division (A) si la présente loi s’appliquait compte non tenu du sous-alinéa c.3)(i), (ii) le total des sommes à déduire, aux termes du sous-alinéa c.3)(i), dans le calcul du capital versé au titre de la catégorie avant ce moment. Émigration
Pour l’application de la présente loi, les règles suivantes s’appliquent au contribuable qui cesse de résider au Canada à un moment donné : Fin d’année et exercice a) lorsque le contribuable est une société ou une fiducie, les présomptions suivantes s’appliquent : (i) son année d’imposition qui comprendrait par ailleurs le moment donné est réputée avoir pris fin immédiatement avant ce moment et sa nouvelle année d’imposition, avoir commencé à ce moment, (ii) aux fins de déterminer l’exercice du contribuable après le moment donné, le contribuable est réputé ne pas avoir établi d’exercice avant ce moment; Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
Fiscal period Deemed disposition Impôt sur le revenu
Changement de résidence
Exercice a.1) lorsque le contribuable est un particulier (sauf une fiducie) et exploite une entreprise au moment donné autrement que par l’entremise d’un établissement stable (au sens du Règlement de l’impôt sur le revenu) au Canada, les présomptions suivantes s’appliquent : (i) l’exercice de l’entreprise est réputé avoir pris fin immédiatement avant le moment donné et son nouvel exercice, avoir commencé au moment donné, (ii) pour déterminer l’exercice de l’entreprise après le moment donné, le contribuable est réputé ne pas avoir établi d’exercice avant ce moment; Présomption de disposition b) le contribuable est réputé avoir disposé, au moment (appelé « moment de la disposition » au présent alinéa et à l’alinéa d)) immédiatement avant le moment immédiatement avant le moment donné, de chaque bien lui appartenant, à l’exception des biens suivants s’il est un particulier, pour un produit égal à la juste valeur marchande du bien au moment de la disposition et avoir été reçu par lui au moment de la disposition : (i) les biens immeubles ou réels situés au Canada, les avoirs miniers canadiens et les avoirs forestiers, (ii) les immobilisations utilisées dans le cadre d’une entreprise exploitée par le contribuable par l’entremise d’un établissement stable (au sens du règlement) au Canada au moment donné, les biens compris dans la catégorie 14.1 de l’annexe II du Règlement de l’impôt sur le revenu et les biens à porter à l’inventaire d’une telle entreprise, (iii) les droits, participations ou intérêts exclus du contribuable, (iv) si le contribuable n’est pas une fiducie et n’a pas résidé au Canada pendant plus de 60 mois au cours de la période de 120 mois se terminant au moment donné, les biens qui lui appartenaient au moment où il est devenu un résident du Canada la dernière fois ou qui lui ont été acquis par don ou héritage après être devenu un résident du Canada la dernière fois, Reacquisition Individual — elective disposition (B) the lesser of (v) les biens relativement auxquels le contribuable fait le choix prévu à l’alinéa (6)a) pour l’année d’imposition qui comprend le premier moment, postérieur au moment donné, où il devient un résident du Canada; Fiducie de soins de santé au bénéfice d’employés b.1) malgré l’alinéa b), si le contribuable est ou était une fiducie de soins de santé au bénéfice d’employés : (i) il est réputé : (A) d’une part, avoir disposé, au moment (appelé « moment de la disposition » au présent alinéa) immédiatement avant le moment immédiatement avant le moment donné, de chaque bien lui appartenant pour un produit égal à sa valeur marchande au moment de la disposition, lequel produit est réputé être devenu à recevoir et avoir été reçu par lui au moment de la disposition, (B) d’autre part, avoir exploité une entreprise au moment de la disposition, (ii) chacun de ses biens est réputé : (A) d’une part, avoir été porté à l’inventaire de l’entreprise mentionnée à la division (i)(B), (B) d’autre part, avoir un coût nul au moment de la disposition; c) le contribuable est réputé avoir acquis de nouveau, au moment donné, chaque bien dont il est réputé par les alinéas b) ou b.1) avoir disposé, à un coût égal au produit de disposition du bien; Particulier — choix d’effectuer une disposition d) malgré les alinéas b) à c), lorsque le contribuable est un particulier (sauf une fiducie), les présomptions ci-après s’appliquent s’il en fait le choix sur le formulaire prescrit et selon les modalités réglementaires relativement à un bien visé aux sous-alinéas b)(i) ou (ii) : (i) le contribuable est réputé avoir disposé du bien au moment de la disposition pour un produit égal à sa juste valeur marchande à ce moment et l’avoir acquis de nouveau au moment donné à un coût égal à ce produit, (ii) le revenu du contribuable pour l’année d’imposition qui comprend le moment donné est réputé égal au plus élevé des montants suivants : (B) the greater of (e) and (f) [Repealed, 2001, c. 17, s. 123] (A) ce revenu, déterminé compte non tenu du présent sous-alinéa, (B) le moins élevé des montants suivants : (I) ce revenu, déterminé compte non tenu du présent paragraphe, (II) ce revenu, déterminé compte non tenu du sous-alinéa (i), (iii) le montant de chacune des pertes du contribuable — perte autre qu’une perte en capital, perte en capital nette, perte agricole restreinte, perte agricole et perte comme commanditaire — pour l’année d’imposition qui comprend le moment donné n’est réputé égal au moins élevé des montants suivants : (A) ce montant, déterminé compte non tenu du présent sous-alinéa, (B) le plus élevé des montants suivants : (I) ce montant, déterminé compte non tenu du présent paragraphe, (II) ce montant, déterminé compte non tenu du sous-alinéa (i); Actions acquises par suite de l’exercice d’une option d’achat d’actions d’une SPCC
d.1) Lorsque le contribuable est réputé par l’alinéa b) avoir disposé d’une action acquise avant le 28 février 2000 dans les circonstances visées au paragraphe 7(1.1), est déduit du produit de disposition de l’action pour lui le montant qui serait ajouté, en application de l’alinéa 53(1)j), dans le calcul du prix de base rajusté de l’action pour lui par suite de la disposition présumée si l’article 7 s’appliquait compte non tenu de son paragraphe (1.6). e) et f) [Abrogés, 2001, ch. 17, art. 123] Intérêts sur acomptes provisionnels
Si un particulier est réputé, en vertu du paragraphe (4), avoir disposé d’un bien au cours d’une année d’imposition, le total de ses impôts payables en vertu de la présente partie pour l’année est réputé, pour l’application des articles 155 et 156 et des paragraphes 156.1(1) à (3) et 161(2), (4) et (4.01) et des dispositions réglementaires prises en application de ces dispositions, correspondre à la moins élevée des sommes suivantes : a) le total de ses impôts payables en vertu de la présente partie pour l’année, déterminé avant la prise en Income Tax PART I Income Tax DIVISION J Special Rules Applicable in Certain Circumstances
Impôt sur le revenu
Changement de résidence
b) le montant qui serait déterminé selon l’alinéa a) si le paragraphe (4) ne s’appliquait pas à lui pour l’année. Résident de retour
Lorsqu’un particulier (sauf une fiducie) qui a déjà résidé au Canada devient résident du Canada à un moment donné d’une année d’imposition et que le moment (appelé « moment de l’émigration » au présent paragraphe), antérieur au moment donné, où il a cessé de résider au Canada la dernière fois est postérieur au 1er octobre 1996, les règles suivantes s’appliquent : a) sous réserve de l’alinéa b), si le particulier en fait le choix dans un document présenté au ministre au plus tard à la date d’échéance de production qui lui est applicable pour l’année, les alinéas (4)b) et c) ne s’appliquent pas à sa cessation de résidence au moment de l’émigration pour ce qui est des biens qui étaient des biens canadiens imposables lui appartenant tout au long de la période amorcée au moment de l’émigration et se terminant au moment donné; b) dans le cas où le paragraphe 40(3.7) aurait pour effet de réduire le montant qui, si ce n’était ce paragraphe et le présent paragraphe, représenterait la perte du particulier résultant de la disposition d’un bien à l’égard duquel il a fait le choix prévu à l’alinéa a), s’il avait acquis le bien, au moment de l’émigration, à un coût égal à sa juste valeur marchande à ce moment et en avait disposé, immédiatement avant le moment donné, pour un produit de disposition égal à sa juste valeur marchande immédiatement avant le moment donné, le particulier est réputé, à la fois : (i) avoir disposé du bien au moment de la disposition, au sens de l’alinéa (4)b), relativement au moment de l’émigration pour un produit de disposition égal à la somme des montants suivants : (A) le prix de base rajusté du bien pour lui immédiatement avant le moment de la disposition, (B) l’excédent éventuel du montant de la réduction sur le moins élevé des montants suivants : (I) le prix de base rajusté du bien pour lui immédiatement avant le moment de la disposition, (II) le montant éventuel qu’il indique relativement au bien pour l’application du présent Returning trust beneficiary
If an individual (other than a trust) (iii) toute pénalité payable en vertu de la présente loi. Bien canadien imposable réputé (6.1) Pour l’application de l’alinéa (6)a), un bien est réputé être un bien canadien imposable du particulier tout au long de la période ayant commencé au moment de l’émigration et se terminant au moment donné si les conditions suivantes sont réunies : a) le moment de l’émigration est antérieur au 5 mars 2010; b) le bien était un bien canadien imposable du particulier le 4 mars 2010. Bénéficiaire de retour
Lorsqu’un particulier (sauf une fiducie), à la fois : a) devient un résident du Canada à un moment donné d’une année d’imposition; b) est propriétaire, à ce moment, d’un bien qu’il a acquis, à la première fois, à l’occasion d’une distribution à laquelle le paragraphe 107(2), s’il est applicable, n’était pas applicable et à un moment (appelé « moment de la distribution » au présent paragraphe) postérieur au 1er octobre 1996 et antérieur au moment donné; c) était bénéficiaire de la fiducie au dernier moment, antérieur au moment donné, où il a cessé de résider au Canada, les règles suivantes s’appliquent : d) sous réserve des alinéas e) et f), si le particulier et la fiducie en font conjointement le choix dans un document présenté au ministre au plus tard à la première de leurs dates d’échéance de production qui leur est applicable pour leur année d’imposition qui comprend le moment donné, le paragraphe 107(2.1) ne s’applique pas à la distribution pour ce qui est des biens que le particulier a acquis à l’occasion de la distribution et qui étaient des biens canadiens imposables lui appartenant tout au long de la période ayant commencé au moment de la distribution et se terminant au moment donné; e) l’alinéa f) s’applique au particulier, à la fiducie et au bien qui fait l’objet du choix prévu à l’alinéa d) dans les cas où, le particulier répondant aux conditions suivantes : (i) il résidait au Canada au moment de la distribution, (ii) il avait acquis le bien, à ce moment, à un coût égal à sa juste valeur marchande à ce moment, (iii) il avait cessé de résider au Canada immédiatement après ce moment, (iv) il avait disposé du bien immédiatement avant le moment donné pour un produit de disposition égal à sa juste valeur marchande immédiatement avant le moment donné, l'application du paragraphe 40(3.7) aurait pour effet de réduire le montant qui, n'eussent été ce paragraphe et le présent paragraphe, aurait représenté la perte du particulier résultant de la disposition, f) dans le cas où le présent alinéa s'applique à un particulier, à une fiducie et à un bien, (i) malgré l'alinéa 107.2(1)a), la fiducie est réputée avoir disposé du bien au moment de la distribution pour un produit de disposition égal au total des montants suivants : (A) le coût indiqué du bien pour elle immédiatement avant le moment de la distribution, (B) l'excédent du montant de la réduction prévue au paragraphe 40(3.7) et dont il est question à l'alinéa e), sur le moins élevé des montants suivants : (I) le coût indiqué du bien pour la fiducie immédiatement avant le moment de la distribution, (II) le montant que le particulier et la fiducie ont indiqué conjointement pour l'application du présent alinéa dans le document contenant le choix prévu à l'alinéa d) relativement au bien, (ii) malgré l'alinéa 107.2(1)b), le particulier est réputé avoir acquis le bien au moment de la distribution à un coût égal à l'excédent du montant déterminé par ailleurs selon l'alinéa 107(2)b) sur le montant de la réduction prévue au paragraphe 40(3.7) et dont il est question à l'alinéa e), ou, si elle est moins élevée, le montant indiqué selon le sous-alinéa (i)(B)(II), g) si le particulier et la fiducie en font conjointement le choix, dans un document présenté au ministre au plus tard à la dernière des dates d'échéance de production qui leur est applicable pour leur année d’imposition qui comprend le moment donné, relativement à chaque bien dont le particulier a été propriétaire tout au long de la période ayant commencé au moment de la distribution et se terminant au moment donné et dont il est réputé, par l’alinéa (1)b), avoir disposé du fait qu’il est devenu un résident du Canada, le produit de disposition par la fiducie, selon l’alinéa 107(2.1)a), au moment de la distribution et le coût d’acquisition du bien pour le particulier au moment donné sont réputés, malgré les alinéas 107(2.1)a) et b), correspondre à ce produit et à ce coût, déterminés compte non tenu du présent alinéa, diminués du moins élevé des montants suivants : (i) le montant qui, n’eût été le présent alinéa, aurait représenté le gain de la fiducie provenant de la disposition du bien qui est réputée, par l’alinéa 107(2.1)a), avoir été effectuée, (ii) la juste valeur marchande du bien au moment donné, (iii) le montant que le particulier et la fiducie ont indiqué conjointement pour l’application du présent alinéa dans le document concernant le choix; h) si la fiducie cesse d’exister avant la date d’échéance de production applicable au particulier pour son année d’imposition qui comprend le moment donné : (i) le particulier peut, à lui seul, effectuer le choix ou indiquer un montant conformément au présent paragraphe dans un document produit au ministre au plus tard à cette date, (ii) le cas échéant, le particulier et la fiducie sont solidairement tenus au paiement de tout montant payable par cette dernière en vertu de la présente loi par suite du choix ou de l’indication du montant; i) malgré les paragraphes 152(4) à (5), le ministre établit, pour tenir compte des choix prévus au présent paragraphe, toute cotisation concernant l’impôt payable par la fiducie ou le particulier en vertu de la présente loi pour toute année qui est antérieure à l’année comprenant le moment donné sans être antérieure à l’année comprenant le moment de la distribution; pareille cotisation est toutefois sans effet sur le calcul des montants suivants : (i) les intérêts payables en vertu de la présente loi à la fiducie ou au particulier, ou par ceux-ci, pour toute période antérieure à la date d’échéance de production applicable au particulier pour l’année d’imposition qui comprend le moment donné,
If an individual (other than a trust) (d) the amount specified in respect of the property in the election, Definitions (ii) toute pénalité payable en vertu de la présente loi. Perte postérieure à l’émigration
Lorsqu’un particulier (sauf une fiducie) est réputé par l’alinéa (4)(b) avoir disposé d’une immobilisation à un moment donné postérieur au 1er octobre 1996 et qu’il dispose de l’immobilisation à un moment ultérieur où l’immobilisation fait partie de ses biens canadiens imposables, le moins élevé des montants ci-après est, sauf pour l’application de l’alinéa (4)(c), déduit du produit de disposition de l’immobilisation pour lui au moment donné, puis ajouté au produit de disposition de l’immobilisation pour lui au moment ultérieur si le choix est fait dans sa déclaration de revenu pour l’année d’imposition qui comprend le moment ultérieur : a) le montant indiqué relativement à l’immobilisation dans le document concernant le choix; b) le montant qui, si ce n’était le choix, correspondrait au gain du particulier tiré de la disposition de l’immobilisation au moment donné; c) le montant qui correspondrait à la perte du particulier tirée de la disposition de l’immobilisation au moment ultérieur, déterminée compte tenu des autres dispositions de la présente loi, étant entendu que ces autres dispositions comprennent le paragraphe 40(3.7) et l’article 112, mais compte non tenu du choix. Déclaration de renseignements
Le particulier qui cesse de résider au Canada à un moment donné d’une année d’imposition et qui, immédiatement après ce moment, est propriétaire d’un ou de plusieurs biens à déclarer dont la juste valeur marchande totale, au moment donné, excède 25 000 $ doit présenter au ministre sur le formulaire prescrit, au plus tard à la date d’échéance de production qui lui est applicable pour l’année, une liste de tous les biens à déclarer dont il était propriétaire immédiatement après le moment donné. Définitions
Les définitions qui suivent s’appliquent au présent article. bien à déclarer Tout bien d’un particulier à un moment donné, sauf les suivants : (ii) a registered retirement income fund, (iii) a registered education savings plan, (iii.1) a registered disability savings plan, (iii.2) a TFSA, (iii.3) a FHSA, (v) an employees profit sharing plan, (vi.1) an employee life and health trust, (ix) a retirement compensation arrangement, (x) a foreign retirement arrangement, or (xi) a registered supplementary unemployment benefit plan; (d) a right of the individual to a retiring allowance; (i) an employee trust, (ii) an income-averaging annuity contract; (g) a right of the individual to a benefit under (iii) [Repealed, 2011, c. 24, s. 43] (h) a right of the individual to a benefit described in any of subparagraphs 56(1)(a)(iii) to (vi); une rémunération au titre de services qu’il a rendus au cours de cette année ou d’une année antérieure, (viii) caisse ou régime de retraite ou de pension (sauf un régime de prestations aux employés), (ix) convention de retraite, (x) mécanisme de retraite étranger, (xi) régime enregistré de prestations supplémentaires de chômage; b) le droit du particulier à une prestation prévue par un régime de prestations aux employés visé ci-après, dans la mesure où il est raisonnable de considérer que la prestation est imputable à des services rendus par le particulier au Canada : (i) régime ou mécanisme visé à l’alinéa a) de la définition de entente d’échelonnement du traitement au paragraphe 248(1) qui serait une entente d’échelonnement du traitement si ce n’était les alinéas e) et k) de cette définition, (ii) régime ou mécanisme qui serait une entente d’échelonnement du traitement si ce n’était l’alinéa 6801(c) du Règlement de l’impôt sur le revenu; c) le droit du particulier en vertu d’une convention visée au paragraphe 7(1); d) le droit du particulier à une allocation de retraite; e) le droit du particulier en vertu d’une des fiducies ci-après ou sa participation dans une telle fiducie : (i) fiducie d’employés, (ii) fiducie au profit d’un athlète amateur, (iii) fiducie pour l’entretien d’un cimetière, (iv) fiducie régie par un arrangement de services funéraires; f) le droit du particulier de recevoir un paiement dans le cadre d’un des contrats suivants : (i) contrat de rente, (ii) contrat de rente à versements invariables; g) le droit du particulier à une prestation prévue par : (i) le Régime de pensions du Canada ou un régime provincial de pensions au sens de l’article 3 de cette loi, Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
(d) any item of personal-use property the fair market value of which, at the particular time, is less than $10,000. (bien à déclarer) [NOTE: Application provision not included in the consolidated text; see relevant amending Acts and regulations.] — 1987, c. 46, s. 98; 1988, c. 55, s. 186; 1992, c. 51, s. 58; 2001, c. 17, s. 132; 2007, c. 35, s. 113; 2008, c. 28, s. 40; 2010, c. 12, s. 16, c. 25, ss. 22, 28; 2011, c. 24, s. 43; 2012, c. 31, ss. 203, 204, c. 34, ss. 14, 20, 73, 79, 2013, c. 34, s. 69, c. 45, s. 4; 2016, c. 12, s. 46; 2018, c. 27, s. 14; 2021, c. 23, s. 326; 2022, c. 19, ss. 232, 204; c. 17, s. 45(E). Cross-border mergers Impôt sur le revenu
Changement de résidence
(ii) la Loi sur la sécurité de la vieillesse, (iii) [Abrogé, 2011, ch. 24, art. 43] (iv) un régime ou mécanisme institué par la législation en matière de sécurité sociale d’un pays étranger ou d’un état, d’une province ou d’une autre subdivision politique d’un tel pays; h) le droit du particulier à une prestation ou à un avantage visé à l’un des sous-alinéas 56(1)a)(i) à (vii); i) le droit du particulier à un paiement provenant d’un second fonds de stabilisation du revenu net; j) la participation du particulier dans une fiducie personnellement résidant au Canada, qui n’a jamais été acquise moyennant contrepartie et qui ne découle pas d’une disposition réputée (au sens du paragraphe 107.4(1)) compte tenu des biens dont la disposition a été effectuée par lui; k) la participation du particulier dans une fiducie testamentaire non-résidente qui existe depuis au plus 36 mois, pourvu que la succession du particulier et par conséquent, ses biens, a : (i) la participation n’a jamais été acquise moyennant contrepartie, (ii) la succession existe depuis au plus 36 mois; l) l’intérêt du particulier dans une police d’assurance-vie au Canada, à l’exception de la partie de la police relativement à laquelle le particulier est réputé par l’alinéa 138.1(1)e) avoir une participation dans une fiducie créée à l’égard d’un fonds réservé. (excluded right or interest) [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois modificatives appropriées.] — 1987, ch. 46, art. 98; 1988, ch. 55, art. 186; 1992, ch. 51, art. 58; 1999, ch. 22, art. 45; 2001, ch. 17, art. 132; 2007, ch. 35, art. 113; 2008, ch. 28, art. 40; 2010, ch. 12, art. 16, ch. 25, art. 22, 28; 2011, ch. 24, art. 43; 2012, ch. 31, art. 203, 204, ch. 34, art. 14, 73; 2013, ch. 34, art. 69, ch. 45, art. 4; 2016, ch. 12, art. 46; 2018, ch. 27, art. 14; 2021, ch. 23, art. 326; 2022, ch. 19, art. 232, 204; ch. 17, art. 45(A). Unifications transfrontalières — Société résident
Idem Windings-up excluded (NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.) 2001, c. 17, s. 125; 2009, c. 2, s. 43; 2013, c. 34, s. 274. (i) in respect of eligible dividends, an amount equal to the lesser of Unifications transfrontalières — Société non-résidente
Lorsqu’une société issue, à un moment donné, de la fusion ou de l’unification de plusieurs sociétés, ou de la mise sur pied d’un arrangement ou autre réorganisation les concernant, ne réside pas alors au Canada, toute société remplacée qui résidait au Canada immédiatement avant ce moment est réputée avoir cessé d’y résider immédiatement avant le moment donné. Exclusion
Il est entendu que les paragraphes (1) et (2) ne s’appliquent pas aux réorganisations effectuées uniquement en raison de l’acquisition des biens d’une société par une autre société soit par achat de ces biens, soit en raison de la distribution de ces biens à l’autre société lors de la liquidation de la société. (NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.) 1994, ch. 21, art. 62. Ancien résident — actions remplacées
(NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.) 2001, ch. 17, art. 125; 2009, ch. 2, art. 43; 2013, ch. 34, art. 274. Sociétés privées Remboursement au titre de dividendes à une société privée 129 (1) Lorsque la déclaration de revenu d’une société en vertu de la présente partie pour une année d’imposition est faite dans les trois ans suivant la fin de l’année, le ministre : a) peut, lors de l’envoi de l’avis de cotisation pour l’année, rembourser, sans que demande en soit faite, une somme (appelée « remboursement au titre de dividendes » dans la présente loi) au titre de dividendes imposables versés par la société sur des actions de son capital-actions au cours de l’année et à un moment où elle était une société privée, égale au total des sommes suivantes : (i) à l’égard des dividendes déterminés, une somme égale au moindre de Income Tax PART I Income Tax DIVISION F Special Rules Applicable in Certain Circumstances
(A) the lesser of (B) either Impôt sur le revenu
Sociétés privées
(i) si les dividendes imposables sont versés au titre de dividendes déterminés, un montant égal à la moins élevée des sommes suivantes : (A) 38 1/3 % de l’ensemble des dividendes déterminés que la société a versés au cours de l’année, (B) son impôt en main remboursable au titre de dividendes déterminés, à la fin de l’année, (ii) si les dividendes sont des dividendes imposables autres que des dividendes déterminés, un montant égal au total des sommes suivantes : (A) la moins élevée des sommes suivantes : (I) 38 1/3 % de l’ensemble de ces dividendes que la société a versés au cours de l’année, (II) son impôt en main remboursable au titre de dividendes non déterminés à la fin de l’année, (B) selon le cas : (I) si le montant déterminé en vertu de la subdivision (A)(I) excède le montant déterminé en vertu de la subdivision (A)(II), la moins élevée des sommes suivantes : 1 cet excédent, 2 l’excédent éventuel de son impôt en main remboursable au titre de dividendes déterminés à la fin de l’année sur le montant déterminé en vertu du sous-alinéa (i) pour l’année, (II) dans les autres cas, zéro; b) doit effectuer le remboursement au titre de dividendes avec diligence après avoir envoyé l’avis de cotisation, si la société en fait la demande par écrit au cours de la période pendant laquelle le ministre pourrait établir, selon le cas : (i) aux termes du paragraphe 152(4), une cotisation concernant l’impôt payable en vertu de la présente partie par la société pour l’année si ce paragraphe s’appliquait comme non tenu de son alinéa a), (ii) aux termes du paragraphe 152(4.3), une cotisation concernant l’impôt payable en vertu de la partie IV par la société si le ministre a établi une cotisation concernant l’impôt payable par la société en vertu de cette partie pour l’année en vertu du paragraphe 152(4.3.1). Interest on dividend refund
[Repealed, 2018, c. 12, s. 22] Application (3.2) to (3.5) [Repealed, 1996, c. 21, s. 32] Definitions (i) exempt income, Canadian investment income [Repealed, 1996, c. 21, s. 32] Toutefois, le total des montants déterminés selon l’alinéa 3a) relativement à la société pour l’année ne peut dépasser le montant qui serait ainsi déterminé si le seul revenu de la société pour l’année était le montant inclus relativement à la disposition du bien en question. (3.2) à (3.5) [Abrogés, 1996, ch. 21, art. 32] Définitions
Les définitions qui suivent s’appliquent au présent article. fraction admissible Le total des montants représentant chacun la fraction d’un gain en capital imposable ou d’une perte en capital déductible, selon le cas, d’une société pour une année d’imposition résultant de la disposition d’un bien, qu’il n’est pas raisonnable de considérer (sauf si le bien est bien désigné, au sens du paragraphe 89(1)) comme s’étant accumulé pendant que le bien, ou un bien donné en remplacement de celui-ci, était un bien de placement de la société privée sous contrôle canadien, une SPCC en substance, ou une société de placement hypothétique ou une société de placement hypothétique de placement au capital. (eligible portion) impôt en main remboursable au titre de dividendes déterminés Quant à une société donnée à la fin d’une année d’imposition, l’excédent éventuel du total des sommes visées aux alinéas a) et b) sur le total visé à l’alinéa c) : a) le total des impôts à payer en vertu de la partie IV par la société donnée pour l’année au titre des dividendes suivants : (i) les dividendes déterminés reçus, par la société donnée au cours de l’année, de sociétés autres que des sociétés rattachées à la société donnée (au présent alinéa, au sens du paragraphe 186(4) selon l’hypothèse que l’autre société, à ce moment, une société privée visée à ce paragraphe), (ii) les dividendes imposables reçus, par la société donnée au cours de l’année, de sociétés rattachées à la société donnée dans la mesure où cela entraînerait un remboursement au titre de dividendes en ce sens selon leur impôt en main remboursable au titre de dividendes déterminés, (iii) les dividendes déterminés reçus, par la société donnée au cours d’une année d’imposition ayant commencé après 2018, de sociétés (appelées « sociétés payantes » au présent sous-alinéa) qui sont rattachées à la société donnée dans la mesure où ces dividendes : exceeds (A) entraîner un remboursement au titre de dividendes à ces sociétés payantes de leur impôt en main remboursable au titre de dividendes à la fin de leur première année d’imposition terminée après 2018, (B) ne sont pas inclus par ailleurs dans le calcul de l’impôt en main remboursable au titre de dividendes déterminés de la société donnée; b) dans le cas où la société donnée était une société privée à la fin de son année d’imposition précédente, l’impôt en main remboursable au titre de dividendes déterminés à la fin de cette année précédente; c) le total des montants dont chacun représente une partie éventuelle du remboursement au titre de dividendes de la société donnée de son impôt en main remboursable au titre de dividendes déterminés pour son année précédente, selon les dispositions suivantes : (i) le sous-alinéa (1)a)(i)(B), (ii) la division (1)a)(ii)(B). (eligible refundable dividend tax on hand) impôt en main remboursable au titre de dividendes non déterminés Quant à une société donnée à la fin d’une année d’imposition, l’excédent éventuel du total des sommes visées aux alinéas a) à c) sur la somme visée à l’alinéa d) : a) si la société était une société privée sous contrôle canadien tout au long de l’année ou une SPCC en substance à un moment donné au cours de l’année, la moins élevée des sommes suivantes : (i) la somme obtenue par la formule suivante : A - B où : A représente 30 2/3 % du revenu de placement total de la société pour l’année, B l’excédent éventuel du montant visé à la division (A) sur celui obtenu à la division (B) : (A) le montant déduit, en vertu du paragraphe 126(1), de l’impôt payable par ailleurs pour l’année par la société en vertu de la présente partie, (B) 8 % de son revenu de placement étranger pour l’année, (i) subparagraph (1)(a)(ii), and (ii) clause (1)(a)(ii)(B). (impôt en main remboursable au titre de dividendes déterminés) A − B where perte La perte d’une société pour une année d’imposition provenant d’une source qui est un bien : a) comprend la perte provenant d’une entreprise de placement déterminée qu’elle exploite au Canada, sauf celle provenant d’une source à l’étranger; b) ne comprend pas la perte résultant d’un bien qui, selon le cas : (i) se rapporte directement ou accessoirement à une entreprise qu’elle exploite activement; (ii) est utilisé ou détenu principalement pour tirer un revenu d’une entreprise qu’elle exploite activement. (income or loss) exceeds exceeds (d) the portion, if any, of the corporation’s dividend refund from its non-eligible refundable dividend tax on hand determined, for its preceding taxation year, under clause (1)(a)(ii)(A). (impôt en main remboursable au titre de dividendes non déterminés) revenu Le revenu d’une société pour une année d’imposition tiré d’une source qui est un bien : a) comprend le revenu tiré d’une entreprise de placement déterminée qu’elle exploite au Canada, sauf celui tiré d’une source à l’étranger; b) ne comprend pas le revenu tiré d’un bien qui, selon le cas : (i) se rapporte directement ou accessoirement à une entreprise qu’elle exploite activement; (ii) est utilisé ou détenu principalement pour tirer un revenu d’une entreprise qu’elle exploite activement. (income or loss) revenu de placement étranger Quant à une société pour une année d’imposition, le montant qui représenterait son revenu de placement total pour l’année, si à la fois : a) chaque montant qui représente son revenu, sa perte, son gain en capital ou sa perte en capital pour l’année et qu’il est raisonnable de considérer comme tiré d’une source au Canada était nul; b) aucun montant n’était déduit en application de l’alinéa 111(1)(b) dans le calcul de son revenu imposable pour l’année; c) il n’était pas tenu compte de l’alinéa a) des définitions de pertes et de revenu au présent paragraphe. (foreign investment income) revenu de placement total Quant à une société pour une année d’imposition, l’excédent éventuel du total des montants représentant chacun de les montants suivants sur le total des montants représentant chacun la perte de la société pour l’année provenant d’une source qui est un bien : a) l’excédent éventuel de la fraction admissible de ses gains en capital imposables pour l’année sur le total des montants suivants : (i) la fraction admissible de ses pertes en capital déductibles pour l’année, (ii) le montant déduit en application de l’alinéa 111(1)(b) dans le calcul de son revenu imposable pour l’année; b) son revenu pour l’année tiré d’une source qui est un bien, à l’exception des montants suivants : (i) le revenu exonéré, Income Tax PART II Income Tax DIVISION F Special Rules Applicable in Certain Circumstances
Conditions for subsection (4.2) (b) the particular corporation has claimed amounts under paragraph 186(1)(c) or (d) in respect of the year; and A + B − C where (ii) un montant inclus en application du paragraphe 12(10.2) dans le calcul de son revenu pour l'année, (iii) la fraction d’un dividende qui était déductible dans le calcul de son revenu imposable pour l'année, (iv) le revenu qui, n’eût été l’alinéa 108(5)a), ne serait pas un revenu de biens. (aggregate investment income) revenu de placements à l’étranger [Abrogé, 1996, ch. 21, art. 32] revenu de placements au Canada [Abrogé, 1996, ch. 21, art. 32] Conditions pour l’application du paragraphe (4.2) (4.1) Le paragraphe (4.2) s’applique relativement à une année d’imposition donnée d’une société si les conditions ci-après sont réunies : a) la société est redevable d’impôt pour l’année en vertu de la partie IV; b) la société a demandé la déduction de montants en vertu des alinéas 186(1)c) ou d) relativement à l’année; c) la société aurait, à la fin de l’année, compte non tenu des alinéas 186(1)c) et d), un montant calculé selon l’alinéa a) de la définition de impôt en main remboursable au titre de dividendes déterminés et l’alinéa b) de la définition de impôt en main remboursable au titre de dividendes non déterminés au paragraphe (4). Impôt de la partie IV — attribution de pertes (4.2) Si le présent paragraphe s’applique relativement à une année d’imposition donnée d’une société, pour ce qui est du calcul du total prévu à l’alinéa a) de la définition de impôt en main remboursable au titre de dividendes déterminés au paragraphe (4), relativement à la société à la fin de l’année, le montant calculé selon le paragraphe 186(1) relativement à la société pour l’année est réputé correspondre à la somme obtenue selon la formule suivante : A + B − C où : A représente le montant calculé selon l’alinéa 186(1)a) relativement à la société pour l’année au titre de dividendes déterminés; 38 1/3% (D + E) – (F + G) where (4.3) [Repealed, 1996, c. 21, s. 32] 2019 transitional RDTOH A – B where B le montant calculé selon l’alinéa 186(1)b) relativement à la société pour l’année à l’égard de dividendes qui ont donné lieu à des remboursements au titre de dividendes provenant de l’impôt en main remboursable au titre de dividendes déterminés d’autres sociétés; C la somme obtenue par la formule suivante : 38 1/3 % (D + E) – (F + G) où : D représente le montant déduit par la société en vertu de l’alinéa 186(1)c) pour l’année, E le montant déduit par la société en vertu de l’alinéa 186(1)d) pour l’année, F le montant calculé selon l’alinéa 186(1)a) relativement à la société pour l’année au titre de dividendes imposables autres que des dividendes déterminés, G le montant calculé selon l’alinéa 186(1)b) relativement à la société pour l’année à l’égard de dividendes qui ont donné lieu à des remboursements au titre de dividendes provenant de l’impôt en main remboursable au titre de dividendes déterminés d’autres sociétés. (4.3) [Abrogé, 1996, ch. 21, art. 32] IMRTD transitoire pour 2019
Les règles suivantes visent la première année d’imposition d’une société à laquelle s’applique la définition de impôt en main remboursable au titre de dividendes déterminés au paragraphe (4) : a) si la société est une société privée sous contrôle canadien tout au long de la première année et de son année d’imposition précédente et n’est pas une société relativement à laquelle un choix selon le paragraphe 89(11) s’applique à la première année ou à l’année précédente : (i) pour l’application de l’alinéa b) de la définition de impôt en main remboursable au titre de dividendes déterminés relativement à la société à la fin de l’année d’imposition, l’impôt en main remboursable au titre de dividendes déterminés de la société à la fin de l’année d’imposition précédente est réputé correspondre au montant éventuel le moins élevé des montants suivants : (A) la somme obtenue par la formule suivante : A – B où : A B (C – D) × E where C D exceeds E A – B where A B 2019 transitional RDTOH — amalgamations IMRTD transitoire pour 2019 — fusions (5.1) Le paragraphe (5) s’applique avec les adaptations nécessaires aux fins de l’application de l’alinéa 87(2)(aa) relativement à une société dans les cas suivants : a) la société est une société remplacée (au sens du paragraphe 87(1)) relativement à une fusion (au sens de ce paragraphe); b) la société a un montant d’impôt en main remboursable au titre de dividendes à la fin de son année d’imposition qui prend fin par l’effet de l’alinéa 87(2)(a); c) la première année d’imposition de la nouvelle société (au sens du paragraphe 87(1)) relativement à la fusion est une année d’imposition à laquelle la définition de impôt en main remboursable au titre de dividendes déterminés du paragraphe (4) s’applique. Revenu de placements provenant d’une société associée réputé être un revenu provenant d’une entreprise exploitée activement
Lorsqu’une somme déterminée payée ou payable à une société (appelée « la société bénéficiaire » au présent paragraphe) par une autre société (appelée « la société associée » au présent paragraphe) à laquelle la société bénéficiaire était associée au cours d’une année d’imposition donnée commençant après 1972 serait par ailleurs incluse dans le calcul du revenu de la société bénéficiaire pour l’année donnée, provenant d’une source au Canada qui est un bien, les règles suivantes s’appliquent : a) pour l’application du paragraphe (4), dans le calcul du revenu de la société bénéficiaire, pour l’année, provenant d’une source au Canada qui est un bien : (i) ne sera pas incluse toute partie (appelée la « partie déductible » au présent paragraphe) de la somme déterminée qui était ou peut être déductible dans le calcul du revenu de la société associée, pour une année d’imposition, provenant d’une entreprise exploitée activement par elle au Canada, (ii) aucune déduction n’est faite à l’égard d’une dépense, dans la mesure où il est raisonnable de considérer cette dépense comme engagée ou effectuée par la société bénéficiaire en vue de tirer la partie déductible; b) pour l’application du présent paragraphe et de l’article 125 : (i) la partie déductible est réputée constituer pour l’année donnée un revenu de la société bénéficiaire. Application of s. 125 Application of subsections 131(1) to (3.2), (4.1) and (6) tiré d’une entreprise qu’elle exploite activement au Canada, (ii) une dépense, dans la mesure indiquée au sous-alinéa a)(ii), est réputée avoir été engagée ou effectuée par la société bénéficiaire en vue de tirer ce revenu. Définition de dividende imposable
Pour l’application du présent article, le terme dividende imposable ne vise pas un dividende sur les gains en capital, au sens du paragraphe 131(1). Application de l’art. 125
Les termes figurant au présent article et qui ne sont pas définis pour l’application de celui-ci s’entendent au sens de l’article 125. Sociétés de placement Crédit d’impôt applicable aux sociétés de placement 130 (1) La société qui est tout au long d’une année d’imposition une société de placement peut déduire de son impôt payable par ailleurs pour l’année en vertu de la présente partie 20 % de l’excédent éventuel de son revenu imposable pour l’année sur ses gains en capital imposables pour l’année. Application des paragraphes 131(1) à (3.2), (4.1) et (6)
Les paragraphes 131(1) à (3.2), (4.1) et (6) s’appliquent, pour une année d’imposition, relativement à la société qui a été une société de placement autre qu’une société de placement à capital variable tout au long de l’année : a) comme si la société avait été une société de placement à capital variable tout au long de cette année d’imposition et pendant toutes les années se terminant après 1971 et tout au long desquelles elle a été une société de placement; b) comme si les remboursements au titre de ses gains en capital, pour cette année d’imposition et pendant toutes les années d’imposition se terminant après 1971 et tout au long desquelles elle n’aurait pas été une société de placement à capital variable, sans l’hypothèse envisagée à l’alinéa a), étaient nuls. Income Tax PART I Income Tax DIVISION F Special Rules Applicable in Certain Circumstances
(B.1) [Repealed, 2013, c. 34, s. 371] Impôt sur le revenu
Sociétés de placement
Sens de société de placement et de gains en capital imposés
Pour l’application du présent article : a) une société est une société de placement tout au long de l’année d’imposition relativement à laquelle l’expression est utilisée, si elle remplit les conditions suivantes : (i) elle est tout au long de l’année une société canadienne qui est une société publique, (ii) tout au long de l’année, au moins 80 % de ses biens consistent en actions, obligations, valeurs négociables ou espèces, (iii) elle tire au moins 95 % de son revenu pour l’année, déterminé comme ne tenant pas du paragraphe 49(2), de placements dans des valeurs visées au sous-alinéa (ii) ou de la disposition de celles-ci, (iv) son revenu brut pour l’année provient de sources situées au Canada dans une proportion d’au moins 85 %, (v) 25 % au plus de son revenu brut pour l’année provient d’une seule personne ou société de personnes, (vi) les actions, obligations, valeurs de toute société ou reconnaissances de dette de tout débiteur autre que Sa Majesté du chef du Canada ou du chef d’une province, ou d’une municipalité canadienne, ne représentent, à aucun moment de l’année, plus de 10 % de ses biens, (vii) aucune personne ne serait son actionnaire déterminé au cours de l’année si, à la fois : (A) le passage de la définition de actionnaire déterminé, au paragraphe 248(1), précédant l’alinéa (a) était remplacé par ce qui suit : « actionnaire déterminé S’agissant de l’actionnaire déterminé d’une société au cours d’une année d’imposition, contribuable qui, directement ou indirectement, à un moment donné de l’année, est propriétaire de plus de 25 % des actions émises d’une catégorie du capital-actions de la société; pour l’application de la présente définition : » (B) l’alinéa (a) de cette définition était remplacé par ce qui suit : « a) un contribuable est réputé être propriétaire de chaque action du capital-actions d’une société appartenant à ce moment à une personne qui lui est liée; » (C.1) [Repealed, 2013, c. 34, s. 371] and “(a) an individual and (ii) the individual’s spouse or common-law partner;” exceeds (B.1) [Abrogé, 2013, ch. 34, art. 371] (C) il n’était pas tenu compte de l’alinéa d) de cette définition, (C.1) [Abrogé, 2013, ch. 34, art. 371] (D) L’alinéa 251(2)(a) était remplacé par ce qui suit : « a) le particulier et les personnes suivantes : (i) son enfant, au sens du paragraphe 70(10), âgé de moins de 19 ans, (ii) son époux ou conjoint de fait; » (viii) une somme non inférieure aux 85 % du total des montants suivants : (A) les 2/3 de l’excédent éventuel de son revenu imposable pour l’année sur ses gains en capital imposés pour l’année, (B) l’excédent éventuel des dividendes imposables reçus par elle au cours de l’année, jusqu’à concurrence du montant déductible en vertu de l’article 112 ou 113 de son revenu pour l’année, sur le montant auquel s’élèveraient les pertes de la société pour l’année, à l’exclusion des pertes en capital, si le montant calculé pour l’année en vertu de l’alinéa 3b), en ce qui concerne la société, était nul, (moins tous dividendes ou intérêts reçus par elle sous la forme d’actions, d’obligations ou d’autres valeurs qui n’avaient pas été vendues avant la fin de l’année et distribués autrement que sous forme d’un dividende sur les gains en capital, à ses actionnaires avant la fin de l’année; b) le montant des gains en capital imposés d’un contribuable pour une année d’imposition est l’excédent éventuel du montant visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) ses gains en capital imposables tirés, pour l’année, de la disposition de biens, (ii) le total de ses pertes en capital déductibles pour l’année provenant de la disposition de biens et la somme déduite en vertu de l’alinéa 111(1)b) pour le calcul de son revenu imposable pour l’année. Filiale à cent pour cent
Une société peut faire un choix dans sa déclaration de revenu produite pour une année d’imposition en vertu Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Sections 130-130.1 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 130; 1994, c. 7, Sch. II, s. 105; Sch. VII, s. 74; 1998, c. 19, s. 85; 1999, c. 22, s. 92; 2000, c. 12, s. 142; 2013, c. 34, s. 371; 2016, c. 12, s. 47. Application of s. (2) Impôt sur le revenu
Sociétés de placement
de la présente partie pour que chacun de ses biens qui est une action ou une dette d’une autre société canadienne qui, à un moment donné de l’année, est sa filiale et en tout pour cent soit réputé, pour l’application des sous-alinéas (3)a)(ii) et (vi), ne pas être la propriété de la société à ce moment, et pour que chaque bien dont la filiale est propriétaire à ce moment soit réputé, pour l’application de ces sous-alinéas, être la propriété de la société à ce moment. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 130; 1994, ch. 7, ann. II, art. 105, ann. VII, art. 74; 1998, ch. 19, art. 85; 1999, ch. 22, art. 92; 2000, ch. 12, art. 142; 2013, ch. 34, art. 371; 2016, ch. 12, art. 47. Sociétés de placement hypothécaire Déduction de l’impôt
a) peut être déduit le total des montants suivants : (i) les dividendes imposables, autres que les dividendes sur les gains en capital, versés par la société au cours de l’année dans la mesure où ces dividendes ne pouvaient être déduits par elle dans le calcul de son revenu pour l’année précédente, (ii) la moitié des dividendes sur les gains en capital versés par la société au cours de la période commençant 91 jours après le début de l’année et se terminant 90 jours après la fin de l’année; b) aucune déduction ne peut être faite en vertu de l’article 112 au titre des dividendes imposables qu’elle a reçus d’autres sociétés. Dividende assimilé à des intérêts d’obligations
Pour l’application de la présente loi, tout montant reçu d’une société de placement hypothécaire par un actionnaire de celle-ci au titre d’un dividende imposable, autre qu’un dividende sur les gains en capital, est réputé avoir été reçu par l’actionnaire à titre d’intérêt payable sur une obligation émise par la société après 1971. Application du par. (2)
Le paragraphe (2) s’applique lorsque le dividende imposable (autre qu’un dividende sur les gains en capital) qui est visé à ce paragraphe a été versé soit au cours Election re capital gains dividend exceeds Application of ss. 131(1.1) to (1.4) (4.2) to (4.5) [Repealed, 2013, c. 34, s. 276] (iii) shares of the capital stock of corporations not resident in Canada, or Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
“(a) an individual and (ii) the individual’s spouse or common-law partner;” (A) a bank or other corporation any of whose deposits are insured by the Canada Deposit Insurance Corporation or the Régie de l’assurance-dépôts du Québec, or Impôt sur le revenu
Sociétés de placement hypothécaire
(iv) l’alinéa 251(2)(a) était remplacé par ce qui suit : « a) Le particulier et les personnes suivantes : (i) son enfant, au sens du paragraphe 70(10), âgé de moins de 18 ans, (ii) son époux ou conjoint de fait; » e) les détenteurs d’actions privilégiées de la société ont le droit, après que leurs dividendes privilégiés leur ont été versés et que les dividendes correspondant au même montant par action ont été versés aux détenteurs d’actions ordinaires de la société, de participer à parts égales avec ces derniers à tout versement supplémentaire de dividendes; f) le coût indiqué pour elle, de ceux de ses biens qui consistent : (i) en créances garanties par des maisons, au sens de l’article 2 de la Loi nationale sur l’habitation, ou par des biens compris dans un ensemble d’habitation, au sens de cet article dans sa version applicable au 16 juin 1999, sous toute forme d’hypothèques, de sûretés ou autrement, (ii) en dépôts figurant à son crédit dans les livres : (A) d’une banque ou autre société dont certains dépôts sont assurés par la Société d’assurance-dépôts du Canada ou la Régie de l’assurance-dépôts du Québec, (B) d’une caisse de crédit, plus le montant de son argent en caisse représentaient au moins 50 % du coût indiqué de tous ses biens; g) le coût indiqué, pour elle, de tous ses biens immeubles ou réels, y compris les droits de tenure à bail sur des biens (à l’exception des biens immeubles ou réels qu’elle a acquis par forclusion ou autrement après manquement aux engagements résultant d’une hypothèque ou d’une convention de vente de biens immeubles ou réels) ne dépasse pas 25 % du coût indiqué de tous ses biens; h) son passif n’est pas supérieur à 3 fois l’excédent du coût indiqué de tous ses biens sur son passif, à quelque moment de l’année, le total du coût indiqué de ceux de ses biens qui consistent en biens visés aux sous-alinéas f)(i) et (ii) et du montant de son argent représentait moins de 2/3 du coût indiqué de tous ses biens; Income Tax PART I Income Tax PROVISIONS of Special Rules Applicable in Certain Circumstances
Definitions non-qualifying real property [Repealed, 1995, c. 3, s. 40(2)] non-qualifying taxed capital gains [Repealed, 1995, c. 3, s. 40(2)] qualifying taxed capital gains [Repealed, 1995, c. 3, s. 40(2)] taxed capital gains has the meaning assigned by paragraph 130(3)(b). (gains en capital imposés) [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 130.1; 1994, c. 7, Sch. VII, s. 75; 1995, c. 3, s. 40; 1996, c. 18, s. 16; 1999, c. 22, s. 53; 2000, c. 12, s. 142; 2001, c. 17, ss. 127, 214(E); 2013, c. 34, ss. 43, 131. Impôt sur le revenu
Sociétés de placement hypothécaire
i) lorsque l’alinéa h) n’est pas applicable, son passif n’est pas supérieur à 5 fois l’excédent du coût indiqué de tous ses biens sur son passif. Calcul du nombre d’actionnaires
À l’alinéa (6)d), la fiducie régie par un régime de pension agréé ou un régime de participation différée aux bénéfices qui détient des actions du capital-actions d’une société compte pour quatre actionnaires lorsqu’il s’agit de déterminer le nombre d’actionnaires de la société et pour un seul actionnaire lorsqu’il s’agit de déterminer si une personne est un actionnaire déterminé, au sens de cet alinéa. Première année d’imposition
Pour l’application du paragraphe (6), une société qui a été constituée après 1971 est réputée avoir rempli les conditions de l’alinéa (6)d) tout au long de la première année d’imposition au cours de laquelle elle a exploité une entreprise si elle les remplissait le dernier jour de cette année d’imposition. Définitions
Les définitions qui suivent s’appliquent au présent article. gains en capital imposés S’entend au sens de l’alinéa 130(3)b). (taxed capital gains) gains en capital imposés admissibles [Abrogé, 1995, ch. 3, art. 40(2)] gains en capital imposés non admissibles [Abrogé, 1995, ch. 3, art. 40(2)] immeuble non admissible [Abrogé, 1995, ch. 3, art. 40(2)] passif Le passif d’une société à un moment donné correspond à l’ensemble de toutes les dettes de la société et de ses autres obligations de payer une somme d’argent qui étaient exigibles à ce moment. (liabilities) [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 130.1; 1994, ch. 7, ann. VII, art. 75; 1995, ch. 3, art. 40; 1996, ch. 18, art. 16; 1999, ch. 22, art. 53; 2000, ch. 12, art. 142; 2001, ch. 17, art. 127 et 214(A); 2013, ch. 34, art. 43 et 131 et 276. Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
Election re capital gains dividend Income Tax PART I Income Tax PROVISIONS of Special Rules Applicable in Certain Circumstances
Penalty (1.5) to (1.9) [Repealed, 2013, c. 34, s. 277] Impôt sur le revenu
Sociétés de placement à capital variable
c) que les administrateurs ou autres personnes légalement autorisés à administrer les affaires de la société ont, avant le moment où ce choix est effectué, autorisé ce choix. Demande d’effectuer un choix (1.2) Le ministre peut à tout moment, par demande écrite signifiée à personne ou par courrier recommandé, demander qu’une société de placement à capital variable effectue le choix visé à l’alinéa (1.1)a) et lorsque la société à laquelle a été signifiée cette demande ne s’y conforme pas dans les 90 jours suivant la signification de celle-ci, le paragraphe (1.1) ne s’applique pas à un choix effectué ultérieurement par la société. Pénalité (1.3) Pour l’application du présent article, la pénalité afférente à un choix visé à l’alinéa (1.1)b) est un montant égal au moindre des montants suivants : a) 1 % par année du montant du dividende visé par le choix pour chaque mois ou fraction de mois compris dans la période commençant au moment où le dividende est devenu payable, ou au premier jour où une partie du dividende a été payée si ce jour est antérieur, et se terminant au moment où le choix a été effectué, b) le produit de la multiplication de 500 $ par le rapport entre le nombre de mois ou de fractions de mois compris dans la période visée à l’alinéa a) et 12. Imposition et paiement de la pénalité (1.4) Le ministre, avec diligence, examine chaque choix visé à l’alinéa (1.1)a), impose la pénalité exigible et envoie un avis de cotisation à la société de placement à capital variable, qui, immédiatement, doit verser au receveur général l’excédent de la pénalité ainsi imposée sur l’ensemble des montants payés antérieurement au titre de cette pénalité. (1.5) à (1.9) [Abrogés, 2013, ch. 34, art. 277] Remboursement au titre des gains en capital à une société de placement à capital variable
Lorsqu’une société a été, tout au long d’une année d’imposition, une société de placement à capital variable et que la déclaration de son revenu pour l’année a été faite dans les 3 ans suivant la fin de l’année, le ministre : a) peut, lors de l’envoi de l’avis de cotisation pour l’année, rembourser une somme (appelée « remboursement au titre des gains en capital » pour l’année dans le présent paragraphe) égale au moindre des montants suivants : Income Tax PART I Income Tax DIVISION F Special Rules Applicable in Certain Circumstances
(i) the total of (A) 14% of the total of Interest on capital gains refund Impôt sur le revenu
Sociétés de placement à capital variable
(i) la somme des montants suivants : (A) 14 % de la somme des montants suivants : (I) les dividendes sur les gains en capital payés par la société au cours de la période commençant 60 jours après le début de l’année et se terminant 60 jours après la fin de l’année, (II) ses rachats au titre des gains en capital pour l’année, (B) le montant que le ministre estime raisonnable dans les circonstances, après avoir pris en considération les pourcentages applicables au calcul des remboursements au titre des gains en capital de la société pour l’année et pour les années d’imposition antérieures et les pourcentages applicables au calcul de son impôt en main remboursable au titre des gains en capital à la fin de l’année, (ii) l’impôt en main remboursable au titre des gains en capital de la société, à la fin de l’année; b) effectuer le remboursement au titre des gains en capital avec diligence après avoir envoyé l’avis de cotisation, si la société en fait la demande par écrit au cours de la période pendant laquelle le ministre pourrait établir, aux termes du paragraphe 152(4), une cotisation concernant l’impôt payable en vertu de la présente partie par la société pour l’année si ce paragraphe s’appliquait compte non tenu de son alinéa a). Imputation sur une autre obligation
Au lieu d’effectuer le remboursement qui pourrait autrement être fait en vertu du paragraphe (2), le ministre peut, lorsque la société est tenue de faire un paiement en vertu de la présente loi, ou est sur le point de l’être, imputer sur cette autre obligation la somme qui serait par ailleurs remboursable et en aviser la société. Intérêts sur les remboursements au titre de gains en capital (3.1) Lorsque le montant d’un remboursement au titre de gains en capital pour une année d’imposition est payé à une société, ou imputé à une somme dont elle est redevable, le ministre paie ou impute sur ce montant des intérêts calculés au taux prescrit pour la période allant du dernier en date des jours suivants jusqu’au jour où le montant est payé ou imputé : a) le cent vingtième jour suivant la fin de l’année; Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
Application of s. 84 Impôt sur le revenu
Sociétés de placement à capital variable
b) le trentième jour suivant le jour où la déclaration de revenu de la société pour l’année en vertu de la présente partie est produite en conformité avec l’article 150, sauf si elle a été produite au plus tard le jour où elle devait l’être. Intérêts excédentaires sur les remboursements au titre de gains en capital (3.2) Lorsque, à un moment donné, des intérêts ont été, en application du paragraphe (3.1), payés à une société, ou imputés sur une somme dont elle est redevable, relativement à un remboursement au titre de gains en capital et qu’il est établi ultérieurement que le montant du remboursement était inférieur au montant à l’égard duquel les intérêts ont été ainsi payés ou imputés, les règles suivantes s’appliquent : a) l’excédent des intérêts ainsi payés ou imputés sur le montant ultérieurement établi comme étant le montant du remboursement au titre de gains en capital est réputé être un montant (appelé « montant payable » au présent paragraphe) devenu payable selon la présente partie par la société au moment donné; b) la société paie au receveur général des intérêts au taux prescrit relativement au montant payable, calculés pour la période allant du moment donné jusqu’au jour du paiement; c) le ministre peut, à tout moment, établir une cotisation à l’égard de la société pour le montant payable; le cas échéant, les dispositions des sections I et J s’appliquent à la cotisation, avec les adaptations nécessaires, comme si elle avait été établie en application de l’article 152. Application de l’art. 84
Un dividende ne peut être réputé, du fait de l’application de l’article 84, avoir été payé par une société à l’un de ses actionnaires, et un actionnaire d’une société ne peut être réputé avoir reçu un dividende sur une action du capital-actions de la société si, au moment où le dividende serait, sans le présent paragraphe, réputé avoir été ainsi payé ou reçu, selon le cas, la société était une société de placement à capital variable.
(4.1) Les articles 51, 85, 85.1, 86 et 87 ne s’appliquent pas à un contribuable qui, d’une part, détient une action (appelée ancienne action au présent paragraphe) d’une catégorie d’actions du capital-actions, qui est reconnue en vertu des lois sur les valeurs mobilières comme étant un fonds de placement ou comme faisant partie d’un fonds, d’une société de placement à capital variable et, d’autre part, échange ou dispose autrement de l’ancienne (c) if the old share and the new share are not shares of the same class but are shares of Capital régional et coopératif Desjardins, a) l’échange ou la disposition se produit dans le cadre d’une opération, d’un événement ou d’une série d’opérations ou d’événements visés aux paragraphes 86(1) ou 87(1) et les énoncés ci-après se vérifient : (i) toutes les actions de la catégorie (cette détermination étant faite compte non tenu du paragraphe 248(6)) qui comprend l’ancienne action au moment de l’échange ou de la disposition sont échangées contre des actions de la catégorie qui comprend la nouvelle action, (ii) l’ancienne action et la nouvelle action tirent leur valeur dans la même proportion du même bien ou groupe de biens, (iii) l’opération, l’événement ou la série a été effectué uniquement pour des objets véritables et non pour faire en sorte que le présent alinéa s’applique; b) l’ancienne action et la nouvelle action sont des actions de la même catégorie (cette détermination étant faite compte non tenu du paragraphe 248(6)) d’actions de la même société de placement à capital variable et les énoncés ci-après se vérifient : (i) l’ancienne action et la nouvelle action tirent leur valeur dans la même proportion du même bien ou groupe de biens détenu par la société qui est attribué à cette catégorie, (ii) cette catégorie est reconnue en vertu des lois sur les valeurs mobilières comme étant un fonds de placement unique ou comme faisant partie d’un tel fonds de placement; c) l’ancienne action et la nouvelle action ne sont pas des actions de la même catégorie, mais elles sont des actions de Capital régional et coopératif Desjardins et les énoncés ci-après se vérifient : (i) l’ancienne action et la nouvelle action tirent leur valeur dans la même proportion du même bien ou groupe de biens, (ii) les actions sont reconnues en vertu des lois sur les valeurs mobilières comme étant un fonds de placement ou comme faisant partie d’un tel fonds. Dividend refund to mutual fund corporation Application of subsection (5.1) Income Tax PART I Income Tax DIVISION F Special Rules Applicable in Certain Circumstances
Definitions (a) the total of A - B where exceeds (b) the total of Impôt sur le revenu
Sociétés de placement à capital variable
d’actionnaires, dont chacun est une personne non résidente ou une société de personnes qui n’est pas une société de personnes canadienne. Définitions
Les définitions qui suivent s’appliquent au présent article. compte de dividendes sur les gains en capital Quant à une société de placement à capital variable à un moment donné, l’excédent éventuel du montant visé à l’alinéa a) sur le total visé à l’alinéa b): a) le total des sommes suivantes : (i) ses gains en capital, pour les années d’imposition qui ont commencé plus de 60 jours avant ce moment, provenant de la disposition de biens effectuée après 1971 et avant ce moment pendant qu’elle était une société de placement à capital variable, (ii) le total des sommes dont chacune représente une somme relative à une distribution effectuée par une fiducie à la société, à un moment après son année d’imposition 2004 et auquel elle était une société de placement à capital variable, au titre des gains en capital de la fiducie égale au double de la somme obtenue par la formule suivante : A - B où : A représente le montant de la distribution, B le montant attribué par la fiducie en application du paragraphe 104(21) sur ses gains en capital imposables nets imputables à ces gains en capital; b) le total des montants suivants : (i) ses pertes en capital, pour les années d’imposition qui ont commencé plus de 60 jours avant ce moment, provenant de la disposition de biens effectuée après 1971 et avant ce moment pendant qu’elle était une société de placement à capital variable, (ii) les dividendes sur les gains en capital qui sont devenus payables par elle avant ce moment et plus de 60 jours après la fin de la dernière année d’imposition qui s’est terminée plus de 60 jours avant ce moment, (iii) la somme représentant 100/14 de son remboursement au titre des gains en capital pour une année d’imposition tout au long de laquelle elle a été une société de placement à capital variable, qui Income Tax PART I Income Tax DIVISION F Special Rules Applicable in Certain Circumstances
A/B × (C + D) where (K + L) - (M + N) where N is the amount of any money of the corporation on hand at that time; (rachats au titre des gains en capital) non-qualifying real property [Repealed, 1995, c. 3, s. 41] non-qualifying real property capital gains dividend account [Repealed, 1995, c. 3, s. 41] Impôt sur le revenu
Sociétés de placement à capital variable
s’est terminée plus de 60 jours avant ce moment. (capital gains dividend account) compte de dividendes sur les gains en capital sur immeubles non admissibles [Abrogé, 1995, ch. 3, art. 41] distribution de gains provenant de BCI La distribution de gains provenant de BCI dont il est question au paragraphe (5.1). (TCP gains distribution) immeuble non admissible [Abrogé, 1995, ch. 3, art. 41] impôt en main remboursable au titre des gains en capital L’impôt en main remboursable au titre des gains en capital d’une société de placement à capital variable, à la fin d’une année d’imposition, correspond au montant calculé selon la formule suivante : A - B où : A représente le total des sommes dont chacune est une somme afférente à cette année d’imposition ou à toute année d’imposition antérieure tout au long de laquelle elle était une société de placement à capital variable, égale à au moins élevée des sommes suivantes : a) 28 % de son revenu imposable pour l’année; b) 28 % de ses gains en capital imposés pour l’année; c) l’impôt payable par elle pour l’année en vertu de la présente partie calculé comme tenu de l’article 123.2; B le total des sommes dont chacune est une somme afférente à toute année d’imposition antérieure tout au long de laquelle elle était une société de placement à capital variable, égale à son remboursement au titre des gains en capital pour l’année. (refundable capital gains tax on hand)
A × B/C où : A représente le solde des gains provenant de BCI de la société immédiatement avant le moment donné; B la somme que l’actionnaire a reçue au titre du dividende; Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
A x B/C where C is the total amount of the dividend; (partie proportionnelle) A - B where (a) the total of exceeds (b) the total of Impôt sur le revenu
Sociétés de placement à capital variable
C le montant total du dividende. (pro rata portion) rachats au titre des gains en capital Les rachats au titre des gains en capital d’une société de placement à capital variable, pour une année d’imposition, correspondent au montant calculé selon la formule suivante : A/B x (C + D) où : A représente la somme des totaux suivants : a) le total des sommes qu’elle a versées au cours de l’année pour le rachat d’actions de son capital-actions, b) le total des sommes dont chacune représente une somme égale à la juste valeur marchande des actions du capital-actions de la société qui ont été échangées au cours de l’année contre d’autres actions de son capital-actions si les énoncés ci-après se vérifient : (i) le paragraphe (4.1) s’applique à l’échange, (ii) la somme n’est pas incluse au total visé à l’alinéa a); B le total de la juste valeur marchande, à la fin de l’année, de toutes les actions émises de son capital-actions, et de la somme représentée par l’élément A pour l’année relativement à la société; C les 100/14 de l’impôt en main remboursable au titre des gains en capital de la société à la fin de l’année; D le montant calculé selon la formule suivante : (K + L) - (M + N) où : K représente la juste valeur marchande, à la fin de l’année, de toutes les actions émises de son capital-actions, L le total des montants dont chacun constitue le montant d’une dette de la société, ou de toute autre obligation de la société de payer une somme d’argent, qui était due à ce moment, M le total des coûts indiqués, pour la société, de tous ses biens à ce moment, N le montant des sommes en espèces que la société a en main à ce moment. (capital gains redemptions) solde des gains provenant de BCI S’agissant du solde des gains provenant de BCI d’une société de placement à capital variable à un moment donné, l’excédent éventuel du total visé à l’alinéa a) sur le total visé à l’alinéa b) : TCP gains distribution means a TCP gains distribution described in subsection (5.1). (distribution de gains provenant de BCI) Definition of taxed capital gains a) le total des sommes suivantes : (i) les gains en capital de la société provenant de dispositions, effectuées après le 22 mars 2004 et au plus tard au moment donné, de biens canadiens imposables, (ii) les distributions de gains provenant de BCI, y compris celles visées à l’article 132, reçues par la société avant le moment donné; b) le total des sommes suivantes : (i) les pertes en capital de la société résultant de dispositions, effectuées après le 22 mars 2004 et au plus tard au moment donné, de biens canadiens imposables, (ii) le total des sommes réputées, relativement à des dividendes versés par la société avant le moment donné, être des distributions de gains provenant de BCI reçues par les actionnaires de la société. (TCP gains balance) Définition de gains en capital imposés
Au paragraphe (6), gains en capital imposés, relativement à un contribuable, pour une année d’imposition, s’entend au sens du paragraphe 130(3). Sens de l’expression société de placement à capital variable
Sous réserve du paragraphe (8.1) et pour l’application du présent article, une société est une société de placement à capital variable à un moment donné d’une année d’imposition si, à ce moment, elle est une société à capital de risque de travailleurs visée par règlement ou si, à ce moment, les conditions suivantes sont remplies : a) elle est une société canadienne qui est une société publique; b) sa seule activité consiste : (i) soit à investir ses fonds dans des biens, sauf des immeubles ou des droits réels sur ceux-ci ou des biens réels ou des intérêts sur ceux-ci, (ii) soit à acquérir, à détenir, à entretenir, à améliorer, à louer ou à gérer des immeubles qui sont des immobilisations de la société ou des droits réels sur ceux-ci, (iii) soit à exercer plusieurs des activités visées aux sous-alinéas (i) et (ii); Idem c) les actions émises de son capital-actions comprennent des actions qui : (i) soit comportent des conditions, entre autres, celles exigeant qu’elle accepte, à la demande du détenteur de ces actions et moyennant un prix déterminé et payable conformément aux conditions posées, de racheter les actions, en totalité ou en partie, qui sont entièrement libérées, (ii) soit satisfont aux conditions prescrites en ce qui a trait au rachat des actions, et si la juste valeur marchande des actions émises de son capital-actions qui comportent, entre autres, des conditions ou qui satisfont aux conditions prescrites, selon le cas, ne représentent pas moins de 95 % de la juste valeur marchande de toutes les actions émises de son capital-actions (cette juste valeur marchande étant déterminée compte non tenu des droits de vote que peuvent comporter les actions de son capital-actions). Choix — société de placement à capital variable (8.01) Une société est réputée être une société de placement à capital variable, à partir de la date de sa constitution jusqu’à la première des dates ci-après, si elle remplit les conditions pour être considérée pour la première fois comme une société de placement à capital variable en vertu du paragraphe (8) et du 31 décembre 2017, si les énoncés ci-après se vérifient à l’égard de la société : a) elle a été constituée en société après 2014 mais avant le 22 mars 2016; b) elle aurait été une société de placement à capital variable, le 22 mars 2016, si elle avait pu faire le choix au plus tard à cette date d’être une société publique en vertu de l’alinéa b) de la définition de société publique au paragraphe 89(1), si les conditions prévues à l’alinéa 4800(1)b) du Règlement de l’impôt sur le revenu avaient été remplies; c) elle avait, le 22 mars 2016, au moins une catégorie d’actions qui était reconnue en vertu des lois sur les valeurs mobilières comme un fonds de placement; d) elle fait le choix d’être ainsi réputée dans sa déclaration de revenu pour sa première année d’imposition qui se termine après le 21 mars 2016. Présomption en cas de personnes non-résidentes (8.1) La société qu’il est raisonnable, à un moment donné, de considérer comme ayant été constituée ou exploitée principalement au profit de personnes non résidentes — compte tenu des circonstances, y compris les Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Sections 131-132 Rules respecting prescribed labour-sponsored venture capital corporations (d) subsection 131(5) does not apply for taxation years ending after that time; and Mutual Fund Trusts Impôt sur le revenu
Sociétés de placement à capital variable
Règles concernant les sociétés à capital de risque de travailleurs visées par règlement
Malgré les autres dispositions de la présente loi, les règles suivantes s’appliquent à la société qui est une société à capital de risque de travailleurs visée par règlement à un moment donné : a) le montant déduit selon l’alinéa 111(1)b) du revenu de la société pour chaque année d’imposition se terminant après ce moment est réputé nul pour l’application des sous-alinéas a)(i) et (ii) de la définition de impôt remboursable au titre de dividendes non déterminés au paragraphe 129(4); b) il n’est pas tenu compte de l’alinéa a) de la définition de revenu de placement total au paragraphe 129(4) pour son application aux années d’imposition se terminant après ce moment; c) la société peut, malgré le paragraphe (4), faire un choix, dans sa déclaration de revenu pour une année d’imposition se terminant après ce moment, pour que le paragraphe 84(1) s’applique, à cette année et aux années d’imposition suivantes; d) le paragraphe (5) ne s’applique pas aux années d’imposition se terminant après ce moment; e) le montant du compte de dividende en capital de la société à un moment postérieur à ce moment est réputé nul. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois modificatives appropriées.] Fiducies de fonds commun de placement Remboursement au titre des gains en capital à une fiducie de fonds commun de placement 132 (1) Lorsqu’une fiducie a été, tout au long d’une année d’imposition, une fiducie de fonds commun de placement et que la déclaration de son revenu pour l’année a été faite dans les 3 ans suivant la fin de l’année, le ministre : a) peut, lors de l’envoi de l’avis de cotisation pour l’année, rembourser une somme (appelée « remboursement au titre des gains en capital » au présent paragraphe) égale au moins élevé des montants suivants : Income Tax PART I Income Tax DIVISION M Special Rules Applicable in Certain Circumstances Mutual Fund Trusts
(i) the total of Interest on capital gains refund Impôt sur le revenu
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(i) la somme des montants suivants : (A) 16,5 % des rachats au titre des gains en capital de la fiducie pour l’année, (B) le montant positif ou négatif que le ministre estime raisonnable dans les circonstances, après avoir pris en considération les pourcentages applicables au calcul des remboursements au titre des gains en capital de la fiducie pour l’année ou pour toute année d’imposition antérieure et les pourcentages applicables au calcul de son impôt en main remboursable au titre des gains en capital à la fin de l’année, (ii) l’impôt en main remboursable au titre des gains en capital de la fiducie, à la fin de l’année; b) effectue le remboursement au titre des gains en capital avec diligence après avoir envoyé l’avis de cotisation, si la fiducie en fait la demande par écrit au cours de la période pendant laquelle le ministre pourrait établir, aux termes du paragraphe 152(4), une cotisation concernant l’impôt payable en vertu de la présente partie par la fiducie pour l’année si ce paragraphe s’appliquait comme lu sans le sous-alinéa 152(4)a). Imputation sur une autre obligation
Au lieu d’effectuer le remboursement qui pourrait autrement être fait en vertu du paragraphe (1), le ministre peut, lorsque la fiducie est tenue de faire un paiement en vertu de la présente loi, ou est sur le point de l’être, imputer sur cette obligation la somme qui serait par ailleurs remboursable et en aviser la fiducie. Intérêts sur les remboursements au titre de gains en capital (2.1) Lorsque le montant d’un remboursement au titre de gains en capital pour une année d’imposition est versé à une fiducie de fonds commun de placement, ou imputé sur une somme dont elle est redevable, le ministre paie ou impute sur ce montant des intérêts, au taux prescrit, calculés pour la période allant du trentième jour suivant le plus tardif des jours ci-après jusqu’au jour où le montant est payé ou imputé : a) le quatre-vingt-dixième jour suivant la fin de l’année; b) le jour où la déclaration de revenu de la fiducie pour l’année en vertu de la présente partie est produite en conformité avec l’article 150. Application of s. 104(20) Definitions (A/B × (C + D)) - E where (K + L) - (M + N) where A x B/C where A représente le total des sommes dont chacune est une somme afférente à cette année d’imposition ou à toute année d’imposition antérieure tout au long de laquelle elle a été une fiducie de fonds commun de placement, égale à la moins élevée des sommes suivantes : a) le produit de la multiplication du taux d’imposition supérieur pour l’année par son revenu imposable pour l’année; b) le produit de la multiplication du taux d’imposition supérieur pour l’année par ses gains en capital imposables pour l’année; c) lorsque l’année d’imposition se termine après le 6 mai 1974, l’impôt qu’elle doit payer pour l’année en vertu de la présente partie; B le total des sommes dont chacune est une somme afférente à toute année d’imposition ou à toute année d’imposition antérieure tout au long de laquelle elle a été une fiducie de fonds commun de placement, égale à son remboursement au titre des gains en capital pour l’année. (refundable capital gains tax on hand)
A x B/C où : A représente le solde des gains provenant de BCI de la fiducie pour l’année; B la somme que la fiducie a attribuée au bénéficiaire en vertu de ce paragraphe pour l’année; C le total des sommes que la fiducie a attribuées en vertu de ce paragraphe pour l’année. (pro rata portion) rachats au titre des gains en capital Les rachats au titre des gains en capital d’une fiducie qui est une fiducie de fonds commun de placement, pour une année d’imposition, correspondent au montant calculé selon la formule suivante : (A/B x (C + D)) - E où : A représente le total des montants représentant chacun la partie d’un montant qu’elle a versé au cours de l’année pour le rachat d’une unité de la fiducie, qui (A - B) where (a) the total of exceeds (b) the total of est incluse dans le produit de disposition relatif à ce rachat; B le total de la juste valeur marchande, à la fin de l’année, de toutes les unités émises de la fiducie et de la somme représentée par l’élément A pour l’année relativement à la fiducie; C les 100/16,5 de son impôt en main remboursable au titre des gains en capital à la fin de l’année; D le montant calculé selon la formule suivante : (K + L) - (M + N) où : K représente la juste valeur marchande, à la fin de l’année, de toutes les unités émises de la fiducie, L le total des montants constituant chacun le montant d’une dette de la fiducie, ou de toute autre obligation de la fiducie de payer une somme d’argent, qui était dûe à ce moment, M le total des coûts indiqués, pour la fiducie, de tous ses biens à ce moment, N le montant des sommes en espèces que la fiducie a en main à ce moment; E le double du total des montants représentant chacun un montant attribué en application du paragraphe 104(21) pour l’année par la fiducie au titre d’une de ses unités qu’elle a rachetées au cours de l’année et après le 21 décembre 2000. (capital gains redemptions) solde des gains provenant de BCI S’agissant du solde des gains provenant de BCI d’une fiducie de fonds commun de placement pour une année d’imposition donnée, l’excédent éventuel du total visé à l’alinéa a) sur le total visé à l’alinéa b) : a) le total des sommes suivantes : (i) les gains en capital de la fiducie provenant de dispositions, effectuées après le 22 mars 2004 et au plus tard à la fin de l’année donnée, de biens canadiens imposables, (ii) les distributions de gains provenant de BCI, y compris celles visées à l’article 131, reçues par la fiducie au plus tard à la fin de l’année donnée; b) le total des sommes suivantes : (i) les pertes en capital de la fiducie résultant de dispositions, effectuées après le 22 mars 2004 et au plus tard à la fin de l’année donnée, de biens canadiens imposables, Income Tax PART I Income Tax DIVISION I.1 Special Rules Applicable in Certain Circumstances Mutual Fund Trust
TCP gains distribution means a TCP gains distribution described in subsection (5.1). (distribution de gains provenant de BCI) Definition of taxed capital gains Application of subsection (5.1) (ii) le total des sommes réputées, relativement à des sommes attribuées par la fiducie en vertu du paragraphe 104(21) pour des années d’imposition précédant l’année donnée, être des distributions de gains provenant de BCI reçues par des bénéficiaires de la fiducie. (TCP gains balance) valeur liquidative s’entend au sens de la Norme canadienne 81-102 sur les organismes de placement collectif, avec ses modifications successives, des Autorités canadiennes en valeurs mobilières. (net asset value) Définition de gains en capital imposés
Au paragraphe (4), gains en capital imposés, relativement à un contribuable, pour une année d’imposition, s’entend au sens du paragraphe 130(3). Distribution de gains provenant de BCI (5.1) Les règles ci-après s’appliquent dans le cadre de la présente partie et de la partie XIII dans le cas où une fiducie de fonds commun de placement attribue une somme à son bénéficiaire pour une année d’imposition en vertu du paragraphe 104(21) : a) le bénéficiaire est réputé avoir reçu de la fiducie une distribution de gains provenant de BCI égale au moins élevé des montants suivants : (i) le double de la somme attribuée, (ii) le montant représentant la partie proportionnelle, applicable au bénéficiaire, du solde des gains provenant de BCI de la fiducie pour l’année; b) si le bénéficiaire est une personne non résidente ou une société de personnes qui n’est pas une société de personnes canadienne : (i) la somme attribuée est réputée, par le paragraphe 104(21), être un gain en capital imposable du bénéficiaire uniquement dans la mesure où elle excède la moitié de la distribution de gains provenant de BCI, (ii) la moitié du montant de la distribution de gains provenant de BCI est à ajouter à la somme incluse par ailleurs, en application du paragraphe 104(13), dans le calcul du revenu du bénéficiaire et est réputée être une somme à laquelle s’applique l’alinéa 212(1)c). Application du par. (5.1) (5.2) Le paragraphe (5.1) ne s’applique à une somme attribuée par une fiducie de fonds commun de placement pour une année d’imposition en vertu du paragraphe Income Tax PART I Income Tax DIVISION 5 Special Rules Applicable in Certain Circumstances Mutual Fund Trusts
A = ½(B + C − D) where A = (B + (C + B) × D) Impôt sur le revenu
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104(21) que si plus de 5 % du total des montants dont chacun représente un somme attribuée par la fiducie pour l’année en vertu de ce paragraphe a été attribué aux bénéficiaires de la fiducie dont chacun est une personne non résidente ou une société de personnes qui n’est pas une société de personnes canadienne. Attribution aux bénéficiaires lors du rachat (5.3) Si une fiducie qui est une fiducie de fonds commun de placement tout au long d’une année d’imposition a payé ou devenu payable à un bénéficiaire, à un moment de l’année d’imposition, un montant lors du rachat par ce bénéficiaire d’une unité de la fiducie (appelé « montant attribué » au présent paragraphe et au paragraphe (5.31)), et que le produit de disposition de cette unité ne comprend pas le montant attribué, le calcul du revenu de la fiducie pour l’année d’imposition n’est pas permis à l’égard des parties suivantes attribuées : a) celle qui serait, compte non tenu du paragraphe 104(6), un montant payé à même le revenu – autre que des gains en capital imposables – de la fiducie; b) celle obtenue par la formule suivante : A = 0,5(B + C − D) où : A représente la partie du montant attribué qui serait, compte non tenu du paragraphe 104(6), un montant payé à même les gains en capital imposables de la fiducie, B le produit de la disposition de l’unité du bénéficiaire sur ce rachat, C le montant attribué, D le montant déterminé par le fiduciaire comme étant le coût indiqué de cette unité pour le bénéficiaire, suite au déploiement d’efforts raisonnables pour obtenir les renseignements requis afin d’en déterminer le coût. Attributions par les FNB (5.31) Au cours de l’année d’imposition visée au paragraphe (5.3) : a) lorsque l’ensemble des unités offertes par une fiducie de fonds commun de placement au cours de l’année d’imposition sont inscrites à la cote d’une bourse de valeurs désignée au Canada et sont en distribution continue (appelées « unités de FNB » au présent paragraphe), l’alinéa 132(5.3)(b) ne s’applique pas et, pour le calcul de son revenu pour l’année d’imposition, aucune déduction par la fiducie n’est permise where (ii) the greater of E + F × G where relativement au montant obtenu par la formule suivante : A − (B + (C + B) × D) où : A représente la partie du total des montants attribués pour l’année d’imposition à des rachats d’unités de FNB par les bénéficiaires de la fiducie au cours de l’année qui seraient, compte non tenu du paragraphe 104(6), des montants payés provenant des gains en capital imposables de la fiducie, B la moins élevée des sommes suivantes : (i) le total des montants payés pour les rachats d’unités de FNB au cours de l’année d’imposition, (ii) la plus élevée des sommes suivantes : (A) la valeur de l’élément C, (B) la valeur liquidative de la fiducie à la fin de l’année d’imposition précédente, C la valeur liquidative de la fiducie à la fin de l’année d’imposition, D un montant qui correspondrait, compte non tenu du paragraphe 104(6), aux gains en capital imposables nets de la fiducie (calculés selon le paragraphe 104(21.3)) pour l’année d’imposition; b) lorsque les unités offertes par une fiducie de fonds commun de placement comprennent des unités qui ne sont pas des unités de FNB (appelées « unités autres que des FNB » au présent alinéa) et celles qui sont des unités de FNB : (i) l’alinéa (5.3)b) ne s’applique pas relativement aux rachats d’unités de FNB et l’alinéa a) s’applique relativement à de tels rachats, sauf que : (A) la description de l’élément C est remplacée par : « la partie de la valeur liquidative de la fiducie à la fin de l’année d’imposition afférente aux unités de FNB, », (B) la division (ii)(B) de l’élément B est remplacée par ce qui suit : « la partie de la valeur liquidative de la fiducie à la fin de l’année d’imposition précédente afférente aux unités de FNB, », (C) l’élément D est la somme obtenue par la formule : E + F × G où : E la partie de la valeur liquidative de la fiducie à la fin de l’année d’imposition afférente aux unités de FNB, F la valeur liquidative de la fiducie à la fin de l’année d’imposition, G un montant qui correspondrait, compte non tenu du paragraphe 104(6), aux gains en capital imposables nets de la fiducie. H + I × J where E représente la partie de la valeur liquidative de la fiducie à la fin de l’année d’imposition afférente aux unités de FNB, F la valeur liquidative de la fiducie à la fin de l’année d’imposition, G la somme qui correspondrait, compte non tenu du paragraphe 104(6), aux gains en capital imposables nets de la fiducie (calculés selon le paragraphe 104(21.3)) pour l’année d’imposition, (iii) en ce qui concerne les rachats d’unités autres que des FNB, en plus de la limite applicable en vertu de l’alinéa (5.3)b), le montant total des déductions que la fiducie peut demander pour l’année d’imposition pour la partie des montants attribués décrite à l’élément A à l’alinéa (5.3)b) relativement à des unités autres que des FNB ne doit pas dépasser la somme obtenue par la formule suivante : H + I × J où : H représente la partie de la valeur liquidative de la fiducie à la fin de l’année d’imposition afférente aux unités autres que des FNB, I la valeur liquidative de la fiducie à la fin de l’année d’imposition, J la somme qui correspondrait, compte non tenu du paragraphe 104(6), aux gains en capital imposables nets de la fiducie (calculés selon le paragraphe 104(21.3)) pour l’année d’imposition. Sens de fiducie de fonds commun de placement
Sous réserve du paragraphe (7) et pour l’application du présent article, une fiducie est une fiducie de fonds commun de placement à un moment donné si, à ce moment, les conditions suivantes sont remplies : a) elle est une fiducie d’investissement à participation unitaire résidant au Canada; b) sa seule activité consiste : (i) soit à investir ses fonds dans des biens, sauf des immeubles ou des droits réels sur ceux-ci ou des biens réels ou des intérêts sur ceux-ci, (ii) soit à acquérir, à détenir, à entretenir, à améliorer, à louer ou à gérer des immobilisations qui sont des immeubles ou des droits réels sur ceux-ci ou des biens réels ou des intérêts sur ceux-ci, (iii) soit à exercer plusieurs des activités visées aux sous-alinéas (i) et (ii); Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Mutual Fund Trusts
Idem Impôt sur le revenu
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c) elle satisfaisait aux conditions prévues par règlement. Choix de devenir une fiducie de fonds commun de placement (6.1) La fiducie qui devient une fiducie de fonds commun de placement à un moment avant le quatre-vingt-onzième jour suivant la fin de sa première année d’imposition et qui fait le choix prévu à cette fin dans sa déclaration de revenu pour cette année est réputée être une telle fiducie depuis le début de cette année jusqu’à ce moment si elle en fait le choix dans sa déclaration de revenu pour cette année. Fiducie qui demeure une fiducie de fonds commun de placement (6.2) Une fiducie est réputée être une fiducie de fonds commun de placement tout au long d’une année civile si, à la fois : a) elle aurait cessé d’être une telle fiducie à un moment de l’année si le présent article s’appliquait compte non tenu du présent paragraphe du fait que, selon le cas : (i) la condition énoncée à l’alinéa 108(2)a) n’est plus remplie, (ii) l’alinéa (6)c) s’applique, (iii) la fiducie a cessé d’exister; b) elle était une telle fiducie au début de l’année; c) elle aurait été une telle fiducie tout au long de la partie de l’année où elle a existé si, à la fois : (i) la condition énoncée à l’alinéa 108(2)a) était remplie à un moment de l’année, elle était remplie tout au long de l’année, (ii) le paragraphe (6)c) s’appliquait compte non tenu de son alinéa c), (iii) le présent article s’appliquait compte non tenu du présent paragraphe. Présomption en cas de personnes non-résidentes
La fiducie qu’il est raisonnable, à un moment donné, de considérer comme ayant été créée ou gérée principalement au profit de personnes non-résidentes — compte tenu des circonstances, y compris les caractéristiques de ses unités — n’est réputée être une fiducie de fonds commun de placement après ce moment que si, selon le cas : a) à ce moment, la totalité ou la presque totalité de ses biens consistaient en biens autres que des biens qui Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Mutual Fund Trusts Sections 132-132.1 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] – R.S., 1985, c. 1 (5th Supp.), s. 132; 1994, c. 7, Sch. II, s. 115; 2001, c. 17, ss. 195(1), (2), c. 24, s. 89; 1999, c. 9, s. 12; 1999, c. 22, s. 55(2); 2001, c. 17, ss. 120, 203; 2015, c. 16, s. 113; 2020, c. 9, s. 31; 2007, c. 29, s. 16; 2010, c. 25, s. 31; 2013, c. 34, ss. 133, 278; 2016, c. 7, s. 62; 2021, c. 25, s. 24. exceeds exceeds Impôt sur le revenu
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seraient des biens canadiens imposables s’il n’était pas tenu compte de l’alinéa b) de la définition de bien canadien imposable au paragraphe 248(1); b) elle n’a pas émis d’unités (sauf celles émises en faveur d’une personne à titre de paiement sur le revenu de la fiducie, déterminé avant l’application du paragraphe 104(6), ou sur les gains en capital de la fiducie, ou en règlement du droit de la personne d’exiger le versement d’une somme sur le revenu ou les gains après le 20 février 1990 et avant le moment en faveur d’une personne au sujet de laquelle elle avait raison de croire, après enquête raisonnable, qu’elle ne résidait pas au Canada, sauf si les unités ont été émises en faveur de cette personne conformément à une convention écrite conclue avant le 21 février 1990. [NOTE : Les dispositions d’application ne sont pas incluses dans le texte consolidé; voir les lois modificatives et les règlements pertinents.] – L.R. (1985), ch. 1 (5e suppl.), art. 132; 1994, ch. 7, ann. II, art. 115; 2001, ch. 17, par. 195(1) et (2), ch. 24, art. 89; 1999, ch. 9, art. 12; 1999, ch. 22, art. 55(2); 2001, ch. 17, par. 120 et 203; 2015, ch. 16, art. 113; 2020, ch. 9, art. 31; 2007, ch. 29, art. 16; 2010, ch. 25, art. 31; 2013, ch. 34, art. 133 et 278; 2016, ch. 7, art. 62; 2021, ch. 25, art. 24. Montants attribués par une fiducie de fonds commun de placement
a) le montant que la fiducie peut déterminer au titre de l’unité donnée pour l’année ne dépassant pas l’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le total des montants que la fiducie a déterminés en application du paragraphe 104(16) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, pour ses années d’imposition commençant avant 1988, (ii) le total des montants que la fiducie a déterminés en application du présent alinéa pour l’année ou pour une année d’imposition antérieure au titre de toutes les unités dans la fiducie, à l’exception des montants qu’elle a ainsi déterminés pour l’année au titre de l’unité donnée; b) le montant que la fiducie peut déterminer au titre de l’unité donnée pour l’année ne dépassant pas l’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii): Carryover of excess Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Mutual Fund Trust Sections 132.1-132.11 Impôt sur le revenu
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montant qu’elle attribue en application de ce paragraphe pour son année d’imposition suivant l’année en question. Attribution sans effet
S’il est raisonnable de considérer qu’un montant qu’une fiducie de fonds commun de placement détermine — soit en application de l’alinéa (1)a) ou b) pour son année d’imposition au titre d’une unité dont est propriétaire à un moment de l’année un contribuable exonéré de l’impôt prévu à la présente partie par application du paragraphe 149(1), soit en application de l’alinéa (1)d) pour l’année, en ce qui concerne le montant attribué pour l’année en application du paragraphe (1) au titre de l’unité — diffère du montant que la fiducie déterminerait ainsi pour l’année si le contribuable n’était pas exonéré, le montant attribué pour l’année en application du paragraphe (1) au titre de l’unité est sans effet pour l’application de l’alinéa (1)c). [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois modificatives applicables.] [1988, ch. 55, art. 121.] Année d’imposition d’une fiducie de fonds commun de placement
a) son année d’imposition qui a commencé avant le 16 décembre de l’année donnée et qui, n’eût été le présent alinéa, se serait terminée à la fin de cette année (ou, si sa première année d’imposition a commencé après le 15 décembre de l’année civile précédente et qu’elle n’a fait l’objet d’aucune déclaration de revenu pour une année d’imposition se terminant à la fin de l’année civile précédente) est réputée se terminer à la fin du 15 décembre de l’année donnée; b) si son année d’imposition se termine le 15 décembre par l’effet de l’alinéa a), chacune de ses années d’imposition ultérieures est réputée, sous réserve du paragraphe (1.1), correspondre à la période qui commence au début du 16 décembre d’une année civile et se termine à la fin du 15 décembre de l’année civile subséquente ou à tout moment antérieur déterminé Income Tax PART I Income Tax DIVISION M Special Rules Applicable in Certain Circumstances Mutual Fund Trusts
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Fiducies de fonds commun de placement
selon les alinéas 128.1(4)a), 132.2(3)b), 142.6(1)a) ou 249(4)a); c) chacun de ses exercices qui soit commence dans une de ses années d’imposition se terminant le 15 décembre par l’effet de l’alinéa a), soit se termine dans une de ses années d’imposition ultérieures, doit prendre fin au plus tard à la fin de l’année où il a commencé. Révocation du choix (1.1) Lorsqu’une année d’imposition donnée d’une fiducie se termine le 15 décembre d’une année civile en raison d’un choix fait en vertu de l’alinéa (1)a), les présomptions ci-après s’appliquent si la fiducie demande au ministre par écrit, avant le 15 décembre de cette année civile (ou avant une date ultérieure que le ministre estime acceptable), l’autorisation de se prévaloir du présent paragraphe et si le ministre y consent : a) l’année d’imposition de la fiducie suivant l’année donnée est réputée commencer immédiatement après la fin de l’année donnée et se terminer à la fin de l’année civile en question; b) chaque année d’imposition postérieure de la fiducie est réputée être déterminée comme si le choix n’avait pas été fait. Part de la fiducie sur le revenu ou la perte d’une société de personnes
Lorsqu’une fiducie est l’associé d’une société de personnes et que l’exercice d’une entreprise ou d’un bien de cette dernière se termine dans une année civile, après le 15 décembre de cette année, et qu’une année d’imposition donnée de la fiducie se termine le 15 décembre de l’année par l’effet du paragraphe (1), chaque montant qui constitue par ailleurs, selon les alinéas 96(1)f) ou g), le revenu ou la perte de la fiducie pour une année d’imposition ultérieure de celle-ci est réputé correspondre au revenu ou à la perte de la fiducie déterminé selon ces alinéas pour l’année donnée et non pour l’année ultérieure. Revenu de la fiducie provenant d’autres fiducies
Lorsqu’une fiducie donnée est bénéficiaire d’une autre fiducie dont une des années d’imposition (appelée « autre année » au présent paragraphe) se termine dans une année civile, après le 15 décembre de cette année, et qu’une année d’imposition donnée de la fiducie se termine le 15 décembre de l’année par l’effet du paragraphe (1), chaque montant déterminé ou attribué en application des paragraphes 104(13), (19), (21), (22) ou (29) pour l’autre année qui serait par ailleurs inclus ou pris en compte dans le calcul du revenu de la fiducie donnée pour une de ses années d’imposition ultérieures : (c) [Repealed, 2001, c. 17, s. 130(4)] Deduction 1999, c. 22, s. 55; 2001, c. 17, s. 130; 2013, c. 34, s. 279; 2016, c. 12, s. 48. first post-exchange year, of a fund in respect of a qualifying exchange, means the taxation year of the fund that begins immediately after the acquisition time. (première année suivant l’échange) b) par l’application des paragraphes 104(6) et (13), chaque partie du montant donné qui est attribuée en application du présent alinéa à un bénéficiaire de la fiducie dans la déclaration du revenu de celle-ci pour l’année donnée au titre d’un montant payé ou payable au bénéficiaire au cours de cette année est considérée comme un revenu supplémentaire de la fiducie pour l’année donnée (déterminé compte non tenu du paragraphe 104(6)) qui a été payé ou était payable, le cas, au bénéficiaire à la fin de l’année donnée. c) [Abrogé, 2001, ch. 17, art. 130(4)] Déduction
Sous réserve du paragraphe (8), le montant qu’une fiducie attribue pour une année d’imposition en application du paragraphe (6) ou, si elle est moins élevée, le total des montants dont chacun est attribué par la fiducie en application de l’alinéa (6)b) pour l’année doit être déduit dans le calcul du revenu de la fiducie pour l’année d’imposition subséquente. Anti-évitement
Le paragraphe (7) ne s’applique pas au calcul du revenu d’une fiducie pour une année d’imposition où il est raisonnable de considérer que l’attribution effectuée en application du paragraphe (6) pour l’année d’imposition précédente fait partie d’une série d’opérations ou d’événements qui comporte un changement dans la composition des bénéficiaires de la fiducie. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois modificatives et règlements modificatifs appropriés.] 1999, ch. 22, art. 55; 2001, ch. 17, art. 130; 2013, ch. 34, art. 279; 2016, ch. 12, art. 48. Définitions — échange admissible de fonds communs de placement
action Action du capital-actions d’une société de placement à capital variable ou unité d’une fiducie de fonds commun de placement. (share) échange admissible Transfert qui se produit à un moment quelconque (appelé « moment du transfert » au présent article) et à l’égard duquel les conditions suivantes sont réunies : a) le transfert est en tout ou en la totalité ou de la presque totalité des biens (étant compris dans ce transfert de biens l’échange d’une unité d’une fiducie de fonds commun de placement pour une autre unité de cette fiducie) : (i) d’une société de placement à capital variable (autre qu’une société de placement à capital variable intermédiaire) à une ou plusieurs fiducies de fonds commun de placement, (ii) d’une fiducie de fonds commun de placement à une fiducie de fonds commun de placement; Timing (a) the transfer time; (b) the first intervening time; (d) the beginning of the funds’ first post-exchange years; (e) the depreciables disposition time; (ii) the greater of Chronologie
Pour ce qui est des échanges admissibles, chacun des moments ci-après suit celui qui le précède : a) le moment du transfert; b) le premier moment intermédiaire; c) le moment de l’acquisition; d) le début de la première année suivant l’échange des organismes de placement collectif; e) le moment de la disposition, dans le cas d’un bien amortissable; f) le second moment intermédiaire; g) le moment de l’acquisition, dans le cas d’un bien amortissable. Dispositions générales
Les règles ci-après s’appliquent relativement aux échanges admissibles : a) chaque bien d’un organisme de placement collectif, à l’exception d’un bien qu’un cessionnaire acquiert du cédant à la suite d’une disposition effectuée au moment du transfert et d’un bien amortissable, est réputé avoir fait l’objet d’une disposition par l’organisme, et avoir été acquis de nouveau par lui, au premier moment intermédiaire, pour un montant égal au moins élevé des montants suivants : (i) la juste valeur marchande du bien au moment du transfert, (ii) le plus élevé des montants suivants : (A) le coût indiqué du bien, (B) le montant que l’organisme indique relativement au bien dans un avis au ministre annexé au formulaire faisant état du choix concernant l’échange admissible; a.1) relativement à chaque bien transféré par le cédant à un cessionnaire, y compris l’échange d’une unité d’un cessionnaire contre une autre unité de ce cessionnaire, le cédant est réputé avoir disposé du bien en faveur du cessionnaire, et avoir reçu des unités du cessionnaire en contrepartie de cette disposition, au moment du transfert; Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Mutual Fund Trusts
(ii) the greater of Impôt sur le revenu
Fiducies de fonds commun de placement
b) sous réserve de l’alinéa l), la dernière année d’imposition des organismes de placement collectif qui a commencé avant le moment du transfert est réputée avoir pris fin au moment de l’acquisition, et leur première année suivant l’échange est réputée avoir commencé immédiatement après la fin de cette dernière année d’imposition; c) chaque bien amortissable d’un organisme de placement collectif, à l’exclusion d’un bien auquel le paragraphe (5) s’applique ou d’un bien auquel l’alinéa d) s’appliquerait en l’absence du présent alinéa, est réputé avoir fait l’objet d’une disposition par l’organisme et avoir été acquis de nouveau par lui, au second moment intermédiaire, pour un montant égal au moins élevé des montants suivants : (i) la juste valeur marchande du bien au moment de la disposition, (ii) le plus élevé des montants suivants : (A) le coût en capital du bien ou, s’il est moins élevé, son coût indiqué pour l’organisme cédant au moment de la disposition, (B) le montant que l’organisme indique relativement au bien dans un avis au ministre annexé au formulaire faisant état du choix concernant l’échange admissible; d) si, au second moment intermédiaire, la fraction non amortie du coût en capital, pour un organisme de placement collectif, d’une catégorie de biens amortissables d’une catégorie prescrite excède la juste valeur marchande de l’ensemble des biens de cette catégorie, l’excédent est à déduire dans le calcul du revenu de l’organisme pour l’année d’imposition qui comprend le moment du transfert et est réputé avoir été déduit au titre des biens de cette catégorie dans la mesure autorisée par les dispositions réglementaires prises pour l’application de l’alinéa 20(1)a); e) sauf disposition contraire prévue à l’alinéa m), le coût, pour le cédant, d’un bien qu’il a reçu d’un cessionnaire en contrepartie de la disposition du bien est réputé être égal à celui des montants ci-après qui est applicable : (i) zéro, si le bien reçu est une unité du cessionnaire, (ii) la juste valeur marchande, au moment du transfert, du bien ainsi reçu, dans les autres cas; f) le produit de disposition, pour le cédant, d’unités d’un cessionnaire dont il a disposé dans les 60 jours Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Mutual Fund Trusts
Impôt sur le revenu
Fiducies de fonds commun de placement
suivant le moment du transfert en échange de ses propres actions est réputé correspondre au coût indiqué des unités pour lui immédiatement avant la disposition; g) si, à un moment donné au cours des 60 jours suivant le moment du transfert, un contribuable dispose, en faveur du cédant, d’actions de ce dernier en échange d’unités d’un cessionnaire : (i) le produit de disposition de ces actions et le coût des unités, pour le contribuable, sont réputés correspondre au coût indiqué des actions pour lui immédiatement avant ce moment, (ii) pour l’application de l’article 116 relativement à la disposition, les actions sont réputées être des biens exclus du contribuable, (iii) dans le cas où l’échange admissible est effectué après 2004, pour l’application de l’article 218.3 relativement à cet échange, le fait que les unités sont payées au contribuable, ou portées à son crédit, par le cédant est réputé ne pas être une distribution imposable, (iv) dans le cas où il a été ainsi disposé de l’ensemble des actions du cédant qui appartiennent au contribuable, le cessionnaire est réputé, pour l’application de l’article 39.1 au contribuable après pareille disposition, être la même entité que le cédant, (v) pour l’application de la définition de bénéficiaire étranger ou assimilé à l’article 210, les unités sont réputées ne jamais avoir été détenues par le cédant, (vi) dans le cas où le contribuable est affilié au cédant ou au cessionnaire au moment donné : (A) les unités en question sont réputées ne pas être identiques à d’autres unités du cessionnaire, (B) si le contribuable est le cessionnaire et que les unités cessent d’exister au moment où il les acquiert (ou au moment où il les aurait acquises si elles n’avaient pas cessé d’exister), il est réputé : (I) d’une part, avoir acquis ces unités au moment donné, (II) d’autre part, avoir disposé de ces unités immédiatement après le moment donné en contrepartie d’un produit de disposition égal à leur coût indiqué pour lui au moment donné, (A – B) × C/D where (c) dans les autres cas, pour ce qui est du calcul du gain ou de la perte du contribuable provenant de la première disposition de chacune de ces unités effectuée par lui après le moment donné : (I) si cette disposition constitue une renonciation ou une cession de l’unité effectuée par le contribuable à titre gratuit en faveur de nul autre personne que le cessionnaire, le produit de disposition de l’unité pour le contribuable est réputé correspondre à son coût indiqué pour lui immédiatement avant la disposition, (II) si la subdivision (I) ne s’applique pas, le produit de disposition de l’unité pour le contribuable est réputé correspondre à la plus élevée, à son coût indiqué pour le contribuable immédiatement avant la disposition; h) l’action à laquelle s’applique l’alinéa g) et qui cesserait, en l’absence du présent alinéa, d’être un placement admissible, au sens des paragraphes 146(1), 146.1(1), 146.3(1) ou 146.4(1), de l’article 204 ou du paragraphe 207.01(1), par suite de l’échange admissible, est réputée être un placement admissible jusqu’au jour qui tombe 60 jours après le jour qui comprend le moment du transfert ou, s’il est antérieur, jusqu’au moment où elle fait l’objet d’une disposition en conformité avec l’alinéa g); i) est ajoutée à la somme que représente l’élément A de la formule figurant à la définition de impôt en main remboursable au titre des gains en capital au paragraphe 132(4), relativement à un cessionnaire pour ses années d’imposition qui commencent après le moment du transfert, la somme obtenue par la formule suivante : (A – B) × C/D où : A représente l’impôt en main remboursable au titre des gains en capital, au sens des paragraphes 131(6) ou 132(4), selon le cas, du cessionnaire à la fin de son année d’imposition qui comprend le moment du transfert, B le remboursement au titre des gains en capital, au sens des alinéas 131(2)a) ou 132(1)a), selon le cas, du cédant pour cette année, C la juste valeur marchande des biens du cédant dont il a été disposé en faveur du cessionnaire, déduction faite des obligations assumées par le cessionnaire, lors de l’échange admissible, D la juste valeur marchande des biens du cédant dont il a été disposé en faveur des cessionnaires, Income Tax PART I Income Tax DIVISION 1 Special Rules Applicable in Certain Circumstances Mutual Fund Trust
(ii) if paragraph 132(5.31)(b) applies, leur année d’imposition qui comprend le moment du transfert : (i) le total des coûts indiqués, pour le cédant, de ses biens à la fin de l’année est réputé être égal au total des montants représentant chacun : (A) le produit de disposition, pour lui, d’un bien qui a été transféré à un cessionnaire lors de l’échange admissible, (B) le coût indiqué, pour lui à la fin de l’année, d’un bien qui n’a pas été transféré lors de l’échange admissible, (ii) un cessionnaire est réputé ne pas avoir acquis tout bien qui lui a été transféré lors de l’échange admissible, (iii) la valeur de chacun des éléments A et B de la formule figurant à la définition de rachats au titre des gains en capital est déterminée comme si l’année prenait fin immédiatement avant le moment du transfert; n) sauf disposition contraire au sous-alinéa (l)(i), nonobstant les paragraphes 131(8) et (8.01) et 132(6), le cédant est réputé n’être ni une société de placement à capital variable ni une fiducie de fonds commun de placement pour les années d’imposition qui commencent après le moment du transfert; o) pour l’application du paragraphe 132(5.31) à un fonds pour une année d’imposition qui comprend le moment du transfert, les sommes suivantes sont déterminées comme si l’année d’imposition s’était terminée immédiatement avant le moment du transfert : (i) si l’alinéa 132(5.31)a) s’applique, la somme de chacun des éléments B, C et D de la formule figurant à cet alinéa, (ii) si l’alinéa 132(5.31)b) s’applique : (A) la somme de chacun des éléments B et C de la formule figurant à l’alinéa 132(5.31)a), pour l’application du sous-alinéa 132(5.31)b)(i), (B) la somme de chacun des éléments D, E, F et G de la formule figurant à la division 132(5.31)b)(i)(C), (C) la somme de chacun des éléments H, I et J de la formule figurant au sous-alinéa 132(5.31)b)(ii). Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Mutual Fund Trusts
(ii) the greatest of Depreciable property (ii) the greatest of Impôt sur le revenu
Fiducies de fonds commun de placement
Échange admissible — bien non amortissable
Si un cédant transfère un bien, sauf un bien amortissable, à un cessionnaire dans le cadre d’un échange admissible, les règles ci-après s’appliquent : a) le cessionnaire est réputé avoir acquis le bien au moment de l’acquisition et non au moment du transfert; b) le produit de disposition du bien pour le cédant et son coût pour le cessionnaire sont réputés correspondre au moins élevé des montants suivants : (i) la juste valeur marchande du bien au moment du transfert, (ii) le plus élevé des montants suivants : (A) le coût indiqué du bien pour le cédant au moment du transfert, (B) le montant dont sont convenus le cédant et le cessionnaire relativement au bien dans le formulaire faisant état de leur choix, (C) la juste valeur marchande, au moment du transfert, de la contrepartie, à l’exclusion d’unités du cessionnaire, que le cédant a reçue par suite de la disposition du bien; c) si le bien est une unité du cessionnaire et que cette unité cesse d’exister au moment où elle est acquise par le cessionnaire (ce moment étant celui où le cessionnaire aurait acquis cette unité n’eût été cette cessation d’existence), les alinéas a) et b) ne s’appliquent pas au cessionnaire. Bien amortissable
Si un cédant transfère un bien amortissable à un cessionnaire dans le cadre d’un échange admissible, les règles ci-après s’appliquent : a) le cédant est réputé avoir disposé du bien au moment de la disposition et non au moment du transfert; b) le cessionnaire est réputé avoir acquis le bien au moment de l’acquisition et non au moment du transfert; c) le produit de disposition du bien pour le cédant et son coût pour le cessionnaire sont réputés correspondre au moins élevé des montants suivants : (i) la juste valeur marchande du bien au moment du transfert, (ii) le plus élevé des montants suivants : (A) le coût indiqué du bien pour le cédant au moment du transfert, (B) le montant dont sont convenus le cédant et le cessionnaire relativement au bien dans le formulaire faisant état de leur choix, (C) la juste valeur marchande, au moment du transfert, de la contrepartie, à l’exclusion d’unités du cessionnaire, que le cédant a reçue par suite de la disposition du bien. Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Mutual Fund Trusts
(ii) the greatest of Due date Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Mutual Fund Trusts Sections 132.2-133 Computation of income Impôt sur le revenu
Fiducies de fonds commun de placement
Sociétés de placement appartenant à des non-résidents Calcul du revenu 133 (1) Dans le calcul du revenu, pour une année d’imposition, d’une société de placement appartenant à des non-résidents : a) aucune déduction ne peut être faite au titre des intérêts qu’elle a versés sur ses obligations, ses titres ou autres dettes; b) aucune déduction ne peut être faite en vertu du paragraphe 65(1). Son revenu ainsi que son revenu imposable doivent être calculés comme suit : c) les seuls gains en capital imposables et pertes en capital déductibles visés à l’alinéa 3b) provenaient de la disposition de biens canadiens imposables; d) tout gain en capital imposable ou toute perte en capital déductible de la société représentait un montant égal au double du montant de ce gain ou de cette perte déterminé par ailleurs; e) le paragraphe 83(2) ne comportait pas l’alinéa 83(2)b). Sociétés de placement appartenant à des non-résidents
Dans le calcul du revenu imposable, pour une année d’imposition, d’une société de placement appartenant à des non-résidents, aucune déduction ne peut être faite de son revenu de l’année, à l’exception : a) des intérêts qu’elle a reçus au cours de l’année d’autres sociétés de placement appartenant à des non-résidents; b) des impôts qu’elle a payés au gouvernement d’un pays étranger sur toute partie de son revenu qu’elle a tirée pour l’année de sources situées dans ce pays; c) des pertes en capital nettes, ainsi que le prévoit l’article 111. Interest on allowable refund Income Tax PART I Income Tax Provisions of Special Rules Applicable in Certain Circumstances
Election re capital gains dividend Impôt sur le revenu
Sociétés de placement appartenant à des non-résidents
b) le trentième jour suivant le jour où la déclaration de revenue de la société pour l’année en vertu de la présente partie est produite en conformité avec l’article 150, sauf si elle a été produite au plus tard le jour où elle devait l’être. Intérêts excédentaires sur les remboursements admissibles (7.02) Lorsque, à un moment donné, des intérêts ont été, en application du paragraphe (7.01), payés à une société, ou imputés sur une somme dont elle est redevable, relativement à un remboursement admissible et qu’il est établi ultérieurement que le montant du remboursement était inférieur au montant à l’égard duquel les intérêts ont été ainsi payés ou imputés, les règles suivantes s’appliquent : a) l’excédent des intérêts ainsi payés ou imputés sur le montant ultérieurement établi comme étant le montant du remboursement admissible est réputé être un montant (appelé « montant payable » au présent paragraphe) devenu payable par la société au moment donné en vertu de la présente partie; b) la société paie au receveur général des intérêts sur le montant payable au taux prescrit, calculés pour la période allant du moment donné jusqu’au jour du paiement; c) le ministre peut, à tout moment, établir une cotisation à l’égard de la société pour le montant payable; dans ce cas, les dispositions des sections I et J s’appliquent à la cotisation, avec les adaptations nécessaires, comme si elle avait été établie en application de l’article 152. Choix relatif aux dividendes sur les gains en capital (7.1) La société de placement appartenant à des non-résidents qui, à un moment donné après 1971, doit verser un dividende aux détenteurs d’actions de toute catégorie d’actions de son capital-actions peut faire un choix relativement au montant total du dividende, selon les modalités et le formulaire réglementaires et, au plus tard, au moment donné ou au premier jour où une partie du dividende est payée, le plus rapproché des deux, pour que les règles suivantes s’appliquent : a) le dividende est réputé être un dividende sur les gains en capital dans la mesure où il ne dépasse pas le compte de dividendes sur les gains en capital de la société, immédiatement avant le moment donné; Simultaneous dividends Application of ss. 131(1.1) to (1.4) Definitions
In this section, A/B × C where b) aucune somme reçue, au cours d’une année d’imposition, par une autre société de placement appartenant à des non-résidents, au titre ou en paiement intégral ou partiel du dividende sur les gains en capital, n’est incluse dans le calcul de son revenu pour l’année. Dividendes simultanés (7.2) Lorsqu’un dividende est devenu payable en même temps sur plus d’une catégorie d’actions du capital-actions d’une société de placement appartenant à des non-résidents, pour l’application du paragraphe (7.1), le dividende relatif à l’une quelconque de ces catégories d’actions est réputé ne pas devenir payable au même moment que le dividende de l’autre ou des autres catégories d’actions, et devenir payable dans l’ordre indiqué : a) par la société, lorsque celle-ci le fait au plus tard à la date à laquelle elle est tenue de présenter le choix visé au paragraphe (7.1); b) par le ministre, dans les autres cas. Application des par. 131(1.1) à (1.4) (7.3) Lorsque, à un moment donné, une société de placement appartenant à des non-résidents a versé un dividende à ses actionnaires et que le paragraphe (7.1) se serait appliqué à ce dividende si la société avait fait le choix prévu à ce paragraphe au plus tard à la date où elle était tenue de le faire, les paragraphes 131(1.1) à (1.4) s’appliquent, avec les adaptations nécessaires. Définitions
Les définitions qui suivent s’appliquent au présent article. augmentation de capital Opération (sauf celle — appelée « opération déterminée » à la présente définition — qui est effectuée conformément à une convention conclue avant le 28 février 2000) dans le cadre de laquelle une société émet des actions supplémentaires de son capital-actions ou contracte des emprunts en vue de faire passer la somme de ses fonds propres au montant qu’auraient dans les comptes de la société les actions de son capital-actions à un montant qui est sensiblement plus élevé que ce qu’il aurait été le 27 février 2000 si l’ensemble des opérations déterminées avaient été effectuées immédiatement avant cette date. (increase in capital) biens canadiens a) Biens canadiens imposables; b) tous autres biens, à l’exclusion des biens étrangers au sens de l’article 206. (Canadian property) A - B where
where N is the total of the corporation’s capital losses for the taxation years ending in the period from dispositions in the period of property of the kinds referred to in the description of M; (compte de dividendes sur les gains en capital) compte de dividendes sur les gains en capital Le compte de dividendes sur les gains en capital d’une société de placement appartenant à des non-résidents, à un moment donné, correspond au montant calculé selon la formule suivante : A - B où : A représente le total des sommes suivantes, relatives à la période commençant le 1er janvier 1972 et se terminant immédiatement après la dernière année d’imposition de la société s’achevant avant le moment donné : a) les gains en capital de la société, pour des années d’imposition se terminant pendant la période, provenant de la disposition, au cours de la période, de biens canadiens ou d’actions d’une autre société de placement appartenant à des non-résidents; b) les sommes que la société a reçues, au cours de la période, d’autres sociétés de placement appartenant à des non-résidents, à titre de règlements en capital ou au titre de dividendes sur les gains en capital; B le total des sommes suivantes, relatives à la période visée à l’élément A : a) les pertes en capital de la société, pour des années d’imposition se terminant pendant la période, provenant de la disposition, au cours de la période, de biens canadiens ou d’actions d’une autre société de placement appartenant à des non-résidents; b) tous les dividendes sur les gains en capital que la société doit verser avant le moment donné; c) le montant calculé selon la formule suivante : 0,25 × (M - N) où : M représente le total des gains en capital de la société pour des années d’imposition se terminant dans la période, provenant de la disposition, effectuée au cours de la période, de biens canadiens imposables, N le total des pertes en capital de la société pour les années d’imposition se terminant pendant la période, provenant de la disposition, au cours de la période, de biens visés à l’élément M. (capital gains dividend account) dividende imposable Le terme ne vise pas un dividende sur les gains en capital. (taxable dividend) Income Tax PART I Income Tax PROVISIONS of Special Rules Applicable in Certain Circumstances
(iii) rents, hire of chattels, charterparty fees or remunerations, annuities, royalties, interest or dividends, (iv) estates or trusts, or (v) disposition of capital property, Impôt sur le revenu
Sociétés de placement appartenant à des non-résidents
remboursement admissible Le remboursement admissible, pour une année d’imposition, d’une société de placement appartenant à des non-résidents correspond au total des sommes dont chacune se rapporte à un dividende imposable versé au cours de l’année par la société sur une action de son capital-actions et est calculée selon la formule suivante : A/B × C où : A représente le montant admissible de l’impôt en main remboursable de la société, immédiatement avant le versement du dividende; B le plus élevé du dividende ainsi versé et du revenu cumulatif imposable de la société, immédiatement avant le versement du dividende; C le montant du dividende versé. (allowable refund) société de placement appartenant à des non-résidents Société constituée au Canada et qui, tout au long de la période commençant au plus tard en date du 18 juin 1971 et du jour de sa constitution et se terminant le dernier jour de l’année d’imposition relativement à laquelle l’expression est utilisée, remplit les conditions suivantes : a) toutes ses actions émises ainsi que toutes ses obligations et autres dettes consolidées : (i) soit étaient la propriété effective de non-résidents (autres qu’une société étrangère affiliée d’un contribuable résident au Canada), (ii) soit appartenaient à des fiduciaires qui les détenaient au profit de personnes non-résidentes ou des enfants à naître de celles-ci, (iii) soit étaient la propriété d’une société de placement appartenant à des non-résidents et dont toutes les actions émises ainsi que toutes les obligations et autres dettes consolidées étaient la propriété effective de non-résidents ou appartenaient à des fiduciaires qui les détenaient au profit de personnes non-résidentes ou des enfants à naître de celles-ci, ou étaient la propriété de plusieurs sociétés de ce genre; b) son revenu pour chaque année d’imposition se terminant au cours de la période, a été tiré : (i) soit de la propriété ou du commerce d’obligations, d’actions, de débentures, de créances hypothécaires, d’effets, de billets ou d’autres biens semblables ou de tout intérêt ou, pour l’application du droit civil, de tout droit s’y rapportant, Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
(ii) trading or dealing in bonds, shares, debentures, mortgages, hypothecary claims, bills, notes or other similar property or any interest therein, (ii) the corporation’s last taxation year that begins before 2003; (société de placement appartenant à des non-résidents) Impôt sur le revenu
Sociétés de placement appartenant à des non-résidents
(ii) soit du prêt d’argent, avec ou sans garantie, (iii) soit de loyers, de la location de chattels, de frais ou rémunérations sur chartes-parties, de rentes, de redevances, d’intérêts ou de dividendes, (iv) soit de successions ou de fiducies, (v) soit de la disposition d’immobilisation; c) au plus 10 % de son revenu brut de chaque année d’imposition se terminant au cours de la période ont été tirés de loyers, de la location de chattels, de frais ou rémunérations sur chartes-parties; d) son entreprise principale au cours de chaque année d’imposition se terminant au cours de la période ne consistait : (i) ni à prêter de l’argent, (ii) ni à faire le commerce d’obligations, d’actions, de créances hypothécaires, d’effets, de billets ou d’autres biens semblables ou d’intérêts y rapportant; e) elle a choisi, selon les modalités prescrites et au plus tard le 27 février 2000 ou, s’il est antérieur, le quatre-vingt-dixième jour suivant le début de sa première année d’imposition commençant après 1971, d’être imposée en vertu du présent article; f) elle n’a pas révoqué ce choix, selon les modalités prescrites, avant la fin de la dernière année d’imposition de la période. Toutefois : g) la nouvelle société (au sens de l’article 87) issue de la fusion, après le 18 juin 1971, de plusieurs sociétés remplacées n’est pas une société de placement appartenant à des non-résidents, à moins que chacune des sociétés remplacées n’ait été, immédiatement avant la fusion, une société de placement appartenant à des non-résidents; h) lorsqu’une société est une nouvelle société visée à l’alinéa g) et que chacune des sociétés remplacées a fait, dans le délai imparti, le choix prévu à l’alinéa e), il n’est pas tenu compte du passage « le 27 février 2000 ou, s’il est antérieur, » figurant à ce dernier alinéa pour ce qui est de son application à la nouvelle société; i) sous réserve de l’article 134.1, une société n’est pas une société de placement appartenant à des non-résidents au cours d’une année d’imposition se terminant après le premier en date des moments suivants : Definitions
In the definition **allowable refund** in subsection 133(8), (A + B + C) - (D + E + F) where
where (A + B) - (C + D + E) where L - (M + N) where P - (Q + R) où : N le montant déductible du revenu de la société pour l’année, en vertu de l’alinéa (2)c); E le total des montants dont chacun est égal au tiers du tout montant payé ou crédité par la société, après le début de son année d’imposition 1972 et avant le moment donné, à titre ou en paiement intégral ou partiel d’intérêts; F le total des montants dont chacun est un montant afférent à tout dividende imposable versé par la société sur une action de son capital-actions avant le moment donné et après le début de sa première année d’imposition commençant après 1971, égal au montant relatif au dividende, déterminé en vertu de la définition de remboursement admissible au paragraphe (8). revenu imposable cumulatif Le revenu imposable cumulatif d’une société, à un moment donné, correspond au montant calculé selon la formule suivante : (A + B) - (C + D + E) où : A représente le total des revenus imposables de la société pour les années d’imposition commençant après 1971 et se terminant avant le moment donné; B lorsque l’année d’imposition 1972 de la société a commencé avant 1972, le montant calculé selon la formule suivante : L - (M + N) où : L représente le revenu imposable de la société pour son année d’imposition 1972, M le total des sommes reçues par la société et visées à l’alinéa 196(4)b), N le moins élevé du montant déterminé en vertu de l’alinéa 196(4)e) à l’égard de la société et de l’excédent éventuel du total des sommes déterminées en vertu des alinéas 196(4)d) à 196(4)f) à l’égard de la société sur le total des montants déterminés en vertu des alinéas 196(4)a) à c) à son égard; C le total des montants dont chacun est un montant afférent à l’année d’imposition 1972 ou à toute année d’imposition commençant après 1971 et se terminant avant le moment donné et calculé selon la formule suivante : P - (Q + R) where R.S., 1985, c. 1 (5th Supp.), s. 133; 1994, c. 7, Sch. VIII, s. 78; 1995, c. 18, s. 160; 2001, c. 17, ss. 131, 215; 2003, c. 15, s. 46; 2010, c. 25, s. 32; 2013, c. 34, s. 134. 1970-71-72, c. 63, s. 1"134"; 1973-74, c. 14, s. 43; 1977-78, c. 1, s. 67; 1980-81-82-83, c. 140, s. 93; 1985, c. 45, s. 78. NRO — transition P représente le total des gains en capital imposables de la société, pour l’année, résultant de la disposition, après 1971, de biens visés à l’alinéa (1)c), et calculés conformément à l’hypothèse énoncée à l’alinéa (1)d), Q le total des pertes en capital déductibles de la société, pour l’année, résultant de la disposition, après 1971, de biens visés à l’alinéa (1)c), et calculées conformément à la même hypothèse, R le montant déductible du revenu de la société pour l’année, en vertu de l’alinéa (2)c), D le total des montants dont chacun est un montant égal aux 4/3 de tout montant payé ou crédité par la société, après le début de son année d’imposition 1972 et avant le moment donné, à titre ou en paiement intégral ou partiel d’intérêts, E le total des montants dont chacun est le montant de tout dividende imposable versé par la société sur une action de son capital-actions au moment donné et après le début de sa première année d’imposition après 1971. (revenu imposable cumulatif) [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois modificatives appropriées.]
R. (1985), ch. 1 (5e suppl.), art. 133; 1994, ch. 7, ann. VIII, art. 78; 1995, ch. 18, art. 160; 2001, ch. 17, art. 131 et 215; 2003, ch. 15, art. 46; 2010, ch. 25, art. 32; 2013, ch. 34, art. 134. Absence de qualité de société canadienne, etc. 134 Malgré les autres dispositions de la présente loi, une société de placement appartenant à des non-résidents qui serait, sans le présent article, une société canadienne, une société canadienne imposable ou une société privée est réputée ne pas en être une, sauf pour l’application de l’article 87, du paragraphe 88(2) et des articles 212.1 et 219. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois modificatives appropriées.] 1970-71-72, ch. 63, art. 1"134"; 1973-74, ch. 14, art. 43; 1977-78, ch. 1, art. 67; 1980-81-82-83, ch. 140, art. 93; 1985, ch. 45, art. 78. Sociétés de placement appartenant à des non-résidents — transition
a) elle a été une société de placement appartenant à des non-résidents au cours d’une année d’imposition; Application Consequences b) elle n’est pas une telle société au cours de l’année d’imposition subséquente (appelée « première année de nouveau statut » au présent article); c) elle choisit de se prévaloir du présent article dans un document présenté au ministre au plus tard à la date d’échéance de production qui lui est applicable pour sa première année de nouveau statut. Assimilation
Pour l’application des paragraphes 104(10) et (11) et 133(6) à (9) (exception faite de la définition de société de placement appartenant à des non-résidents au paragraphe 133(8)), de l’article 212 et des traités fiscaux, la société visée au paragraphe (1) est réputée être une société de placement appartenant à des non-résidents au cours de sa première année de nouveau statut pour ce qui est des dividendes versés dans cette année sur des actions de son capital-actions à une personne non résidente, à une fiducie établie au profit de personnes non résidentes ou de leurs rentiers ou à une société de placement appartenant à des non-résidents. (NOTE : Les dispositions d’application ne sont pas incluses dans le texte codifié; voir les lois et règlements modificatifs applicables.) Révocation
a) révoque, à un moment donné (appelé « moment de révocation » au présent article), son choix d’être imposée en vertu de l’article 133; b) choisit de se prévaloir du présent article dans un document présenté au ministre au plus tard à la date d’échéance de production qui lui est applicable pour son année d’imposition (appelée « année de révocation » au présent article) qui aurait compris le moment de révocation si elle n’avait pas fait ce choix; c) précise dans le document un moment (appelé « moment du choix » au présent article) qui fait partie de l’année de révocation, sans être postérieur au moment de révocation. Conséquences
Lorsque le présent article s’applique à une société, les présomptions suivantes s’appliquent : a) l’année d’imposition de la société qui aurait compris le moment du choix si la société n’avait pas choisi de se prévaloir du présent article est réputée se terminer immédiatement avant ce moment; Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Sections 134.2-135 Patronage Dividends Limitation where non-arm’s length customer Limitation where non-member customer (b) the total of Impôt sur le revenu
Sociétés de placement appartenant à des non-résidents
b) une nouvelle année d’imposition de la société est réputée commencer au moment du choix; c) malgré l’alinéa f) de la définition de société de placement appartenant à des non-résidents au paragraphe 133(8), la société est réputée être une société de placement appartenant à des non-résidents pour la période commençant au début de l’année de révocation et se terminant immédiatement avant le moment du choix. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2001, ch. 17, art. 132. Ristournes Déduction dans le calcul du revenu 135 (1) Malgré les autres dispositions de la présente partie, à l’exception des paragraphes (1.1) à (2.1) et 135.1(3), est déductible dans le calcul du revenu d’un contribuable pour une année d’imposition le total des paiements faits par celui-ci conformément aux répartitions proportionnelles à l’apport commercial : a) d’une part, faits, au cours de l’année ou des 12 mois qui suivent, à ses clients de l’année; b) d’autre part, faits, au cours de l’année ou des 12 mois qui suivent, à ses clients d’une année antérieure dont la déduction sur le revenu d’une année d’imposition antérieure n’a pas été permise. Restriction — lien de dépendance (1.1) Le paragraphe (1) ne s’applique aux paiements faits par un contribuable à un client avec lequel il a un lien de dépendance que si, selon le cas : a) le contribuable est une société coopérative visée au paragraphe 136(2) ou une caisse de crédit; b) le paiement est visé par règlement. Restriction — non-membre
La somme que peut déduire, en application du paragraphe (1), le contribuable qui n’a pas effectué de répartitions proportionnelles à l’apport commercial à l’égard de tous ses clients de l’année, au même taux, compte tenu des différences adaptées aux divers types, genres, qualités ou classes ou qualités de marchandises, produits ou services, correspond à la moins élevée des sommes suivantes : a) la totalité des paiements mentionnés à ce paragraphe; b) le total des montants suivants : Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Patronage Dividends
exceeds Income Tax PART I Income Tax DIVISION F Special Rules Applicable in Certain Circumstances Patronage Dividends
exceeds (b) $100, Definitions le contribuable à cette personne au cours de l’année civile et avant le moment donné; b) cent dollars. Il doit en outre remettre immédiatement cette somme au receveur général, pour le compte de cette personne, au titre de l’impôt de cette personne en vertu de la présente partie. Définitions
Les définitions qui suivent s’appliquent au présent article et à l’article 135.1. client Client du contribuable, y compris une personne qui vend ou livre des marchandises ou produits au contribuable, ou à qui celui-ci rend des services. (customer) client non membre Client qui n’est pas membre. (non-member customer) marchandises de consommation ou services Marchandises ou services dont le coût n’était pas déductible par le contribuable dans le calcul du revenu tiré d’une entreprise ou de biens. (consumer goods or services) membre Personne admise, comme membre ou actionnaire, au plein droit de vote dans la conduite des affaires du contribuable (qui est une société) ou d’une société dont le contribuable est une filiale à cent pour cent. (member) paiement Sont compris parmi les paiements : a) l’émission d’une reconnaissance de dette, ou d’actions du contribuable ou d’une société dont le contribuable est une filiale à cent pour cent, à un membre ou cette société, au cours de l’année ou des 12 mois suivants, débourse une somme d’argent égale à la valeur nominale globale de toutes les reconnaissances ou actions émises, moins les droits de remboursement, du rachat ou de l’achat de reconnaissances de dettes ou d’actions du contribuable ou de cette société, émis antérieurement; b) l’imputation par le contribuable d’une somme sur l’obligation d’un membre envers lui (y compris, sans préjudice de la portée générale de ce qui précède, une somme affectée à l’acquittement d’une obligation de membre à ce contribuable en vertu d’un contrat et une somme à valoir sur le paiement d’actions émises en faveur d’un membre) conformément à un règlement du contribuable, en vertu d’une loi ou à la demande du membre; Income Tax PART I Income Tax DIVISION F Special Rules Applicable in Certain Circumstances Patronage Dividends
répartition proportionnelle à l’apport commercial Relativement à une année d’imposition, somme portée par un contribuable au crédit d’un client de cette année à des conditions selon lesquelles le client a droit au paiement de cette somme selon une répartition calculée proportionnellement à la quantité, qualité ou valeur des marchandises ou produits que le contribuable a acquis auprès du client ou en son nom, ou a mis sur le marché pour le compte du client, ou vendus au client ou, en ce dernier, ou des services que le contribuable a rendus au client en cette année, à titre de commettant ou de mandataire du client ou autrement, avec des différences appropriées fixées pour les diverses catégories, genres ou qualités de ces marchandises, produits ou services, si les conditions suivantes sont réunies : a) la somme a été créditée : (i) d’une part, au cours de l’année ou des 12 mois suivant celle-ci, (ii) d’autre part, au même taux, par rapport à la quantité, qualité ou valeur mentionnée ci-dessus, que celui auquel des sommes ont été portées, de la même façon, au crédit de tous les autres clients de cette année qui étaient membres ou non tous les autres clients de cette année, selon le cas, avec les différences appropriées mentionnées ci-dessus, pour les divers catégories, genres ou qualités; b) la perspective que des sommes seraient ainsi créditées a été présentée par le contribuable à ses clients de cette année qui étaient membres ou non. (allocation in proportion to patronage) revenu du contribuable attribuable aux affaires faites avec ses membres Le revenu du contribuable attribuable aux affaires faites avec ses membres de toute année d’imposition correspond à la fraction du revenu du contribuable pour l’année (autre déduction faite sous le régime du présent article) et représente le rapport entre la valeur des marchandises ou produits que le contribuable a acquis auprès de tous les clients, ou a mis sur le marché pour le compte de ces clients, ou vendus pour ces derniers, ou des services qu’il a rendus pour les membres en question, et la valeur totale des marchandises ou produits que le contribuable a, durant l’année, acquis auprès de tous les clients, ou mis sur le marché, pour le compte de ces clients, ou vendus pour ces derniers, ou des services qu’il a rendus pour Impôt sur le revenu
Ristournes
Perspective de répartitions
Pour l’application du présent article, un contribuable est réputé avoir fait entrevoir la perspective que des sommes seraient portées au crédit du client d’une année d’imposition, par voie de répartitions proportionnelles à l’apport commercial, dans l’un ou l’autre des cas suivants : a) tout au long de l’année, la loi sous le régime de laquelle le contribuable est constitué en société ou enregistré, sa charte, ses statuts ou règlements administratifs ou son contrat avec le client ont fait entrevoir la perspective que des sommes seraient ainsi éventuellement portées au crédit des clients, membres ou non; b) avant le début de l’année, avant telle autre date qui peut être fixée par règlement pour la catégorie d’entreprise exploitée par le contribuable, ce dernier a publié une annonce selon le formulaire prescrit dans un des journaux à large diffusion dans la majeure partie de la région où le contribuable exploite son entreprise, laissant entrevoir cette perspective aux clients, membres ou non, selon le cas, et a remis des exemplaires des journaux au ministre avant la fin du 30e jour qui suit la fin de l’année d’imposition ou dans les 30 jours suivant la date fixée par règlement, selon le cas. Montant du paiement au client
Il est entendu que le montant de tout paiement effectué conformément à une répartition proportionnelle à l’apport commercial est son montant intégral avant déduction de toute somme dont le paragraphe (3) exige déduction ou retenue de ce paiement. Paiements au client à inclure dans le revenu
Lorsqu’un paiement effectué conformément à une répartition proportionnelle à l’apport commercial (à l’exception d’une répartition relative à des marchandises de consommation ou services) a été reçu par un contribuable, le montant de ce paiement est inclus, sous réserve du paragraphe 135.1(2), dans le calcul du revenu du bénéficiaire pour l’année d’imposition au cours de laquelle il a été reçu et, sans que soit limitée la portée générale de ce qui précède, si une reconnaissance de dette ou une part a été émise à une personne conformément à une répartition proportionnelle à l’apport commercial, le montant du paiement par suite de cette émission est inclus dans le calcul du revenu du bénéficiaire pour l’année d’imposition où la reconnaissance de dette a été reçue et non dans le calcul de son revenu pour l’année où Income Tax PART I Income Tax Patronage Dividends Sections 135-135.1 Patronage dividends [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] I.R., 1985, c. 1 (5th Supp.), s. 135; 2005, c. 19, s. 32; 2006, c. 4, s. 79. Agricultural Cooperatives — Tax-deferred Patronage Dividends Definitions Impôt sur le revenu
Ristournes
Ristournes
Pour l’application du présent article, lorsque les conditions suivantes sont réunies : a) une personne a vendu ou livré une quantité de marchandises ou de produits à un office de commercialisation créé sous le régime d’une loi fédérale ou provinciale; b) l’office de commercialisation a vendu ou livré une quantité identique de marchandises ou des produits de même catégorie, genre ou qualité à un contribuable dont la personne est membre; c) le contribuable a porté au crédit de la personne un question une somme calculée en fonction de la quantité de marchandises ou de produits de cette catégorie, genre ou qualité qui lui ont été vendus ou livrés par l’office de commercialisation, la quantité de marchandises ou de produits visée à l’alinéa c) est réputée avoir été vendue ou livrée au contribuable par cette personne et acquise de cette personne. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R., 1985, ch. 1 (5e suppl.), art. 135; 2005, ch. 19, art. 32; 2006, ch. 4, art. 79. Coopératives agricoles — ristournes à imposition différée Définitions
coopérative agricole Est une coopérative agricole à un moment donné la société qui répond aux conditions suivantes à ce moment : a) elle a été constituée ou prorogée en vertu des dispositions d’une loi fédérale ou provinciale prévoyant sa constitution à titre de coopérative ou prévoyant la constitution de coopératives; b) à ce moment, selon le cas : (i) son entreprise principale est une entreprise d’agriculture, (ii) au moins 75 % de ses membres : (A) soit sont des coopératives agricoles, Income Tax PART I Income Tax DIVISION P Special Rules Applicable in Certain Circumstances Agricultural Cooperatives — Tax-deferred Patronage Dividends
(a) before the disposition, (a) an individual resident in Canada; (b) an agricultural cooperative corporation; Impôt sur le revenu
Coopératives agricoles — ristournes à imposition différée
(b) soit ont comme entreprise principale une entreprise agricole. (agricultural cooperative corporation) disposition admissible Disposition d’une part à imposition différée effectuée par un contribuable moins de cinq ans après son émission si, selon le cas : a) l’un des faits suivants se vérifie avant la disposition : (i) la coopérative agricole est avisée par écrit que le contribuable est devenu, après l’émission de la part, invalide et définitivement incapable de travailler ou malade en phase terminale, (ii) le contribuable cesse d’être membre de la coopérative agricole; b) la coopérative agricole est avisée par écrit que la part est détenue par une personne à laquelle elle est dévolue par suite du décès du contribuable. (allowable disposition) entreprise d’agriculture Entreprise, exploitée au Canada, qui consiste en une ou plusieurs des activités suivantes : a) l’agriculture, y compris, si la personne exploitant l’entreprise est une société visée à l’alinéa a) de la définition de coopérative agricole, la production, la transformation, l’entreposage et la commercialisation en gros des produits découlant des activités agricoles de ses membres; b) la fourniture de marchandises ou la prestation de services (sauf les services financiers) nécessaires à l’agriculture. (agricultural business) membre admissible Membre d’une coopérative agricole qui exploite une entreprise d’agriculture et qui est, selon le cas : a) un particulier résidant au Canada; b) une coopérative agricole; c) une société résidant au Canada qui exploite une entreprise agricole au Canada; d) une société de personnes qui exploite une entreprise agricole au Canada et dont l’ensemble des associés sont visés à l’un des alinéas a) à c) ou au présent alinéa. (eligible member) part à imposition différée Part à l’égard de laquelle les conditions suivantes sont réunies à un moment donné : Income Tax PART I Income Tax Agricultural Cooperatives — Tax-deferred Patronage Dividends
(d) that is of a class (a) the total of exceeds Income inclusion Impôt sur le revenu
Coopératives agricoles — ristournes à imposition différée
a) elle est émise après 2005 et avant 2026, conformément à une répartition proportionnelle à l’apport commercial, par une coopérative agricole à une personne ou une société de personnes qui est, au moment de son émission, un membre admissible de la coopérative; b) son détenteur ne peut recevoir, lors du rachat, annulation ou acquisition par la coopérative ou par toute personne avec laquelle celle-ci a un lien de dépendance, une somme supérieure à celle qui, en l’absence du présent article, serait incluse en application du paragraphe 135(7) dans le calcul du revenu du membre admissible pour son année d’imposition au cours de laquelle elle a été émise; c) avant ce moment, elle n’a pas été réputée avoir fait l’objet d’une disposition par l’effet du paragraphe (4); d) elle fait partie d’une catégorie : (i) dont les modalités prévoient que la coopérative ne peut, autrement que dans le cadre d’une disposition admissible, racheter, acquérir ou annuler une part de la catégorie avant le jour qui suit de cinq ans la date de son émission, (ii) que la coopérative a désignée, sur le formulaire prescrit et selon les modalités réglementaires, à titre de catégorie de parts à imposition différée. (tax deferred cooperative share) solde libéré d’impôt S’agissant du solde libéré d’impôt d’un contribuable à la fin d’une année d’imposition donnée, l’excédent éventuel de la somme visée à l’alinéa a) sur la somme visée à l’alinéa b) : a) le total des sommes suivantes : (i) le solde libéré d’impôt du contribuable à la fin de l’année d’imposition précédente, (ii) la somme qui est incluse dans le calcul du revenu du contribuable en vertu de la présente partie pour l’année d’imposition en raison du choix prévu au sous-alinéa (2)a)(ii); b) le total des sommes représentant chacune le produit de disposition d’une part à imposition différée dont le contribuable a disposé au cours de l’année donnée. (tax paid balance) Somme à inclure dans le revenu
N’est à inclure dans le calcul du revenu d’un contribuable pour une année d’imposition donnée, en (a) the lesser of exceeds (ii) the total of Deductibility limit Deemed disposition Income Tax PART I Income Tax DIVISION P Special Rules Applicable in Certain Circumstances Agricultural Cooperatives — Tax-deferred Patronage Dividends
Reacquisition Exclusion from withholding obligation Withholding on redemption Application of subsections 84(2) and (3)
Subsections 84(2) and (3) do not apply to a tax deferred cooperative share. Application of subsection (10) Impôt sur le revenu
Coopératives agricoles — ristournes à imposition différée
calcul de son revenu pour l’année d’imposition au cours de laquelle la part a été émise : a) le capital versé au titre de la part est réduit autrement qu’au moyen du rachat de la part; b) le contribuable, pour garantir le règlement de dettes de toute nature, donne la part en gage (ou, pour l’application du droit civil, l’hypothèque), la cède ou l’aliène de quelque façon que ce soit.
Le contribuable qui est réputé par le paragraphe (4) avoir disposé d’une part à imposition différée est réputé l’avoir acquise de nouveau immédiatement après la disposition à un coût égal au produit de disposition qu’il en a reçu. Aucune obligation de retenue
Le paragraphe 135(3) ne s’applique pas au paiement qu’une coopérative agricole effectue, conformément à une répartition proportionnelle à l’apport commercial, au moyen d’une émission de parts à imposition différée. Retenue lors du rachat
Toute personne ou société de personnes (appelée « auteur du rachat » au présent paragraphe) qui procède au rachat, à l’acquisition ou à l’annulation d’une part doit retenir, au titre de l’impôt dont le détenteur est redevable, une somme égale à 15 % de la somme à payer par ailleurs lors du rachat, de l’acquisition ou de l’annulation, et la verser aussitôt au receveur général, si, à la fois : a) la part était, au moment de son émission, une part à imposition différée; b) l’auteur du rachat est soit la coopérative qui a émis la part, soit une personne ou une société de personnes avec laquelle cette coopérative a un lien de dépendance; c) le détenteur de part n’est pas une fiducie dont le revenu imposable est exonéré d’impôt en vertu de la présente partie par l’effet des alinéas 149(1)(r) ou (x). Paragraphes 84(2) et (3) inapplicables
Les paragraphes 84(2) et (3) ne s’appliquent pas aux parts à imposition différée. Application du paragraphe (10)
Le paragraphe (10) s’applique relativement à la disposition, effectuée par un contribuable après le 28 septembre 2009, d’une part à imposition différée (appelée « ancienne part » au présent paragraphe et au Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Agricultural Cooperatives — Tax-deferred Patronage Dividends Sections 135.1-135.2 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2006, c. 4, s. 89; 2013, c. 34, s. 282; 2015, c. 36, s. 13; 2021, c. 25, s. 28. Definitions Impôt sur le revenu
Coopératives agricoles — ristournes à imposition différée
a) la disposition découle de l’acquisition, de l’annulation ou du rachat de l’ancienne part dans le cadre d’un remaniement du capital de la coopérative; b) la coopérative émet en faveur du contribuable, en échange de l’ancienne part, une part (appelée « nouvelle part » au présent paragraphe et au paragraphe (10)) qui est visée aux alinéas b) à d) de la définition de part à imposition différée au paragraphe (1); c) le montant du capital versé et, le montant, le cas, ainsi que la somme que le contribuable peut éventuellement recevoir lors de son rachat, acquisition ou annulation, de la nouvelle part sont respectivement aux montants homologues relatifs à l’ancienne part. Part émises lors d’un remaniement de capital
Les règles ci-après s’appliquent au présent article (à l’exception du paragraphe (9)) si le présent paragraphe s’applique relativement à l’échange d’une ancienne part d’un contribuable contre une nouvelle part : a) la nouvelle part émise en échange de l’ancienne part est réputée avoir été émise, conformément à une répartition proportionnelle à l’apport commercial, au moment où l’ancienne part a été émise; b) pourvu qu’aucune personne ou société de personnes ne reçoive, à aucun moment, de contrepartie (exception faite de la nouvelle part) en échange de l’ancienne part, le contribuable est réputé, pour l’application des paragraphes (2) et (7), avoir disposé de l’ancienne part pour un produit nul. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs applicables.] 2006, ch. 4, art. 89; 2013, ch. 34, art. 282; 2015, ch. 36, art. 13; 2021, ch. 25, art. 28. Prorogation de la Commission canadienne du blé Définitions
action admissible Action ordinaire du capital-actions de la Commission canadienne du blé qui est émise dans le cadre de l’échange de la dette admissible visée à l’alinéa c) de la définition de prorogation de la Commission canadienne du blé. (eligible share) agriculteur participant S’entend, relativement à une époque donnée, de toute personne qui : a) d’une part, est admissible à recevoir des unités de la fiducie selon le régime dans le cadre duquel celle-ci ordonne à ses fiduciaires d’émettre des unités à des personnes ayant livré du grain après juillet 2013 aux termes d’un contrat conclu avec la Commission canadienne du blé; b) d’autre part, soit se livre à la production de grains soit a droit, à titre de locateur, de vendeur ou de créancier hypothécaire, à tout ou partie des grains produits par une personne se livrant à la production de grains. (participating farmer) Commission canadienne du blé La Commission qui est visée au paragraphe 4(1) de la Loi sur la Commission canadienne du blé (activités en période intérimaire), dans sa version antérieure à son abrogation, et qui est prorogée en vertu de la Loi canadienne sur les sociétés par actions conformément à la demande de prorogation. (Canadian Wheat Board) demande de prorogation La demande de prorogation visée à l’alinéa a) de la définition de prorogation de la Commission canadienne du blé. (application for continuance) dette admissible Tout billet à ordre ou autre titre de créance visé à l’alinéa b) de la définition de prorogation de la Commission canadienne du blé. (eligible debt) distribution admissible sur liquidation S’entend, relativement à une fiducie, de la distribution — à l’égard de laquelle les énoncés ci-après se vérifient — d’un bien par celle-ci à une personne : a) la distribution comprend une action du capital-actions de la Commission canadienne du blé qui est inscrite à une bourse de valeurs désignée; b) les seuls biens (sauf une action visée à l’alinéa a)) distribués par la fiducie lors de la distribution sont des espèces libellées en dollars canadiens; c) la distribution donne lieu à la disposition de toutes les participations de la personne à titre de bénéficiaire de la fiducie; d) la fiducie cesse d’exister immédiatement après la distribution ou immédiatement après la dernière d’une série de distributions admissibles sur liquidation (déterminées compte non tenu du présent alinéa) de la fiducie qui comprend la distribution en cause. (eligible wind-up distribution) fiducie admissible S’entend, à un moment donné, de la fiducie qui remplit les conditions suivantes : Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
(i) eligible debt, Impôt sur le revenu
Prorogation de la Commission canadienne du blé
a) elle a été établie relativement à la demande de prorogation; b) elle réside au Canada au moment donné; c) immédiatement avant le moment de l’acquisition de la dette admissible par celle-ci, elle ne détenait que des biens d’une valeur nominale; d) elle n’est pas, par l’effet du paragraphe 149(1), exonérée de l’impôt sur son revenu imposable pour une période de son année d’imposition qui comprend le moment donné; e) toutes les participations des bénéficiaires de la fiducie au moment donné sont définies par rapport à des unités étant des unités admissibles de la fiducie; f) les seules personnes ayant, avant le moment donné, acquis de la fiducie des participations à titre de bénéficiaires de celle-ci sont des personnes qui étaient des agriculteurs participants lorsqu’elles ont acquis les participations; g) la totalité, ou presque, de la juste valeur marchande des biens de la fiducie, au moment donné, est fondée sur la valeur des biens suivants: (i) une dette admissible, (ii) une action du capital-actions de la Commission canadienne du blé, (iii) un bien visé aux alinéas a) ou b) de la définition de placement admissible à l’article 204 ou un dépôt auprès d’une caisse de crédit; h) les seuls biens versés ou distribués par la fiducie à ce moment ou antérieurement à un de ses bénéficiaires en règlement de l’unité admissible de la fiducie de celui-ci sont: (i) soit des espèces libellées en dollars canadiens, (ii) soit des actions distribuées au titre d’une distribution admissible sur liquidation de la fiducie; i) à aucun moment de l’année d’imposition de la fiducie qui comprend le moment donné, une fiducie n’est une fiducie admissible. personne Sont assimilées à des personnes les sociétés de personnes. prorogation de la Commission canadienne du blé La série d’opérations ou d’événements comprenant, à la fois: Trust acquires an eligible debt Disposition of eligible debt (d) subsection 75(2) does not apply to property (e) subsections 84(2) and (3) and section 85 do not apply at any time to eligible shares. Eligible trust a) pour le calcul du revenu de la fiducie pour son année d’imposition qui comprend ce moment, les règles ci-après s’appliquent : (i) un montant, relatif à la disposition de la dette admissible, égal à la juste valeur marchande de tout bien (sauf des actions admissibles) reçu par la fiducie lors de l’échange est inclus au titre de la disposition, (ii) aucun montant (sauf le montant prévu au sous-alinéa (i)) n’est inclus au titre de la disposition, (iii) aucun montant n’est inclus au titre de la réception des actions admissibles; b) le coût, pour la fiducie, de chaque action admissible est réputé nul; c) est déduit, dans le calcul du capital versé au titre d’une catégorie d’actions du capital-actions de la Commission canadienne du blé qui comprend les actions admissibles, à un moment après leur émission, un montant égal au montant correspondant au capital versé au titre de cette catégorie lors de l’émission; d) le paragraphe 75(2) ne s’applique pas aux biens à l’égard desquels les énoncés ci-après se vérifient : (i) les biens sont détenus par la fiducie au cours d’une année d’imposition qui prend fin à ce moment ou postérieurement, (ii) les biens sont : (A) soit des biens reçus par la fiducie lors de l’échange, (B) soit des biens de remplacement à l’égard des biens visés au sous-alinéa (i); e) les paragraphes 84(2) et (3) et l’article 85 ne s’appliquent pas à l’égard d’actions admissibles. Fiducie admissible
Les règles ci-après s’appliquent relativement à une fiducie qui est une fiducie admissible à un moment donné de son année d’imposition : a) pour le calcul du revenu de la fiducie pour l’année : (i) aucune déduction n’est permise en vertu du paragraphe 104(6), sauf jusqu’à concurrence de son revenu (déterminé compte non tenu du paragraphe 104(6)) pour l’année qui est payé au cours de l’année, Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
(A) non-resident, (d) if the trust disposes of a property, Impôt sur le revenu
Protection de la Commission canadienne du blé
(ii) si elle a cessé d’être une fiducie admissible au début de l’année d’imposition suivante, aucune déduction par la fiducie n’est permise en vertu du paragraphe 104(6); b) pour l’application de la partie XII.2 relativement à l’année, les règles ci-après s’appliquent : (i) le revenu de distribution de la fiducie pour l’année est réputé correspondre à son revenu pour l’année déterminé compte non tenu des paragraphes 104(6) et (30), (ii) est réputé être un bénéficiaire étranger ou assimilé de la fiducie à un moment donné de l’année tout bénéficiaire de la fiducie qui, à ce moment, est : (A) soit un non-résident, (B) soit une société de personnes (autre qu’une société de personnes canadienne tout au long de son exercice qui comprend le moment donné, une société de personnes), (C) soit exonéré, en raison de l’effet du paragraphe 149(1), de l’impôt payable en vertu de la présente partie; c) toute dette admissible ou toute action admissible qu’elle détient est réputée avoir un coût indiqué, pour elle, de zéro; d) les règles ci-après s’appliquent lorsque la fiducie dispose d’un bien : (i) sous réserve du paragraphe (14), la disposition est réputée être effectuée pour un produit égal à la juste valeur marchande du bien immédiatement avant la disposition, (ii) tout gain provenant de la disposition est, à la fois : (A) réputé ne pas être un gain en capital, (B) à inclure dans le calcul du revenu de la fiducie pour son année d’imposition qui comprend le moment de la disposition, (iii) toute perte provenant de la disposition est, à la fois : (A) réputée ne pas être une perte en capital, (i) personal trust, (ii) unit trust, (iii) trust prescribed for the purpose of subsection 107(2), or (b) if paragraph (d) does not apply, (c) paragraph (d) applies if Décès d’un agriculteur participant
Les règles ci-après s’appliquent si un particulier, immédiatement avant son décès, est propriétaire d’une unité admissible qu’il a acquise d’une fiducie admissible à titre d’agriculteur participant : a) le particulier est réputé effectuer la disposition (appelée disposition donnée au présent paragraphe) de l’unité immédiatement avant son décès; b) les règles ci-après s’appliquent en cas de non-application de l’alinéa d) : (i) le produit provenant de la disposition donnée pour le particulier est réputé être égal à la juste valeur marchande de l’unité immédiatement avant la disposition donnée, (ii) le gain provenant de la disposition donnée est réputé inclus, en vertu du paragraphe 70(1) et à l’exclusion de toute autre disposition, dans le revenu du particulier pour son année d’imposition au cours de laquelle il est décédé, (iii) le paragraphe 159(5) s’applique au particulier décédé (étant entendu que, à cette fin, ce paragraphe, au paragraphe 70(5.2) comprend un renvoi au paragraphe 70(1) pour l’application du paragraphe 159(5) au gain provenant de la disposition donnée) relativement à la disposition donnée, (iv) la personne qui acquiert l’unité admissible par suite du décès du particulier est réputée l’avoir acquise au moment du décès à un coût qui est égal au produit provenant de la disposition donnée, visé au sous-alinéa (i), pour le particulier; c) l’alinéa d) s’applique si les énoncés ci-après se vérifient : (i) le particulier réside au Canada immédiatement avant son décès, (ii) la succession assujettie à l’imposition à taux progressifs du particulier acquiert une unité admissible au décès et par suite de ce décès, (iii) le représentant légal du particulier fait le choix dans une formule prescrite, dans le cadre de l’administration de la succession assujettie à l’imposition à taux progressifs du particulier, pour que l’alinéa b) ne s’applique pas au particulier relativement à la disposition donnée, (iv) le choix est présenté dans la déclaration de revenu du particulier qui est produite en vertu de la (d) if this paragraph applies, présente partie pour son année d'imposition dans laquelle il est décédé, (v) la succession distribue l'unité à l'époux ou au conjoint de fait du particulier à un moment où elle est la succession assujettie à l'imposition à taux progressifs du particulier, (vi) l'époux ou le conjoint de fait du particulier réside au Canada au moment de la distribution, (vii) la succession ne dispose pas de l'unité avant la distribution; d) les règles ci-après s'appliquent en cas d'application du présent alinéa : (i) le gain du particulier provenant de la disposition est réputé nul, (ii) le coût indiqué, pour la succession, de l'unité admissible est réputé nul, (iii) tout montant inclus dans le revenu de la succession (déterminé compte non tenu du présent sous-alinéa et des paragraphes 104(6) et (12)) pour une année d'imposition tiré d'une source qui est l'unité admissible est, malgré le paragraphe 104(24), réputé à la fois : (A) être devenu payable au cours de cette année par la succession à l'époux ou au conjoint de fait, (B) n'être devenu payable à aucun autre bénéficiaire, (iv) la distribution est réputée être une disposition par la succession de l'unité pour un produit égal au coût indiqué, pour elle, de l'unité, (v) la partie de la participation de l'époux ou du conjoint de fait à titre de bénéficiaire de la succession dont il est disposé par suite de la distribution est réputée faire l'objet d'une disposition pour un produit égal au coût indiqué, pour l'époux ou le conjoint de fait, de cette partie immédiatement avant la disposition, (vi) le coût indiqué, pour l'époux ou le conjoint de fait, de l'unité est réputé nul, (vii) l'époux ou le conjoint de fait est, sauf pour l'application de l'alinéa c), réputé avoir acquis de la fiducie l'unité à titre d'agriculteur admissible. Participating farmer — disposition of eligible unit Eligible wind-up distribution (a) subsection 107(2.1) does not apply in respect of the distribution; Disposition d’une unité admissible — agriculteur participant
Les règles ci-après s’appliquent si un agriculteur participant ayant acquis d’une fiducie admissible une unité admissible de celle-ci effectue une disposition de l’unité (sauf s’il s’agit d’une disposition visée à aux alinéas (8)a), (10)d) ou (11)b)) : a) le produit de l’agriculteur provenant de la disposition est réputé être égal à la juste valeur marchande de l’unité immédiatement avant sa disposition; b) si la disposition est le résultat d’une distribution d’espèces libellées en dollars canadiens par la fiducie à l’agriculteur au cours d’une année d’imposition de celle-ci, que les espèces en lui provient de la disposition d’autres biens par la fiducie au cours de cette année et que, au moment de la disposition, l’agriculteur n’est pas une personne visée à l’une des divisions (4)b)(ii)(A) à (C), tout gain de la fiducie provenant de la disposition des biens est réduit jusqu’à concurrence du produit ainsi distribué dans la mesure où, en l’absence du présent alinéa, un tel produit serait inclus, en vertu du paragraphe 104(13) dans le revenu de l’agriculteur pour son année d’imposition au cours de laquelle l’année d’imposition de la fiducie prend fin; c) si l’agriculteur participant est une société privée sous contrôle canadien, le gain provenant de la distribution est réputé être un revenu tiré d’une entreprise exploitée activement pour l’application de l’article 125. Distribution admissible sur liquidation
Les règles ci-après s’appliquent si, à un moment donné, une fiducie admissible distribue à une personne des biens au titre d’une distribution admissible sur liquidation de la fiducie : a) le paragraphe 107(2.1) ne s’applique pas relativement à la distribution; b) la fiducie est réputée avoir disposé des biens pour un produit égal à leur juste valeur marchande à ce moment; c) malgré le paragraphe 104(24), le gain de la fiducie provenant de la disposition des biens est réputé à la fois : (i) être devenu payable à ce moment par la fiducie à cette personne, (ii) n’être devenu payable à aucun autre bénéficiaire; Ceasing to be an eligible trust
If a trust ceases to be an eligible trust at a particular time d) la personne est réputée acquérir les biens pour un coût égal au produit de la fiducie provenant de la disposition; e) le produit de la personne provenant de la disposition de l’unité admissible, ou d’une partie de celle-ci, par suite de la distribution est réputé égal au coût indiqué, pour la personne, de l’unité immédiatement avant ce moment; f) il est entendu qu’aucune partie du gain de la fiducie ne peut être incluse dans le coût, pour la personne, des biens, sauf dans la mesure déterminée par l’alinéa d). Cesser d’être une fiducie admissible
Les règles ci-après s’appliquent si une fiducie cesse d’être une fiducie admissible à un moment donné : a) le paragraphe 149(10) s’applique à l’égard de la fiducie comme si : (i) d’une part, la fiducie a cessé, au moment donné, d’être exonérée de l’impôt sur son revenu imposable prévu à la présente partie, et (ii) d’autre part, un renvoi aux présentes était compris parmi les dispositions énumérées à l’alinéa 149(10)c); b) toute personne qui détient, au moment donné, une unité admissible de la fiducie est réputée, à la fois : (i) avoir disposé, au moment immédiatement avant le moment qui est immédiatement avant le moment donné, de chaque unité pour un produit égal à son coût indiqué pour elle, (ii) avoir acquis de nouveau, au moment qui est immédiatement avant le moment donné, l’unité à un coût égal à sa juste valeur marchande au moment qui est immédiatement avant le moment donné. Dividendes en actions sur les actions — Commission canadienne du blé
Si, à un moment donné, la fiducie admissible détient une action admissible (ou une autre action de la Commission canadienne du blé acquise avant ce moment à titre de dividende en actions) et que la Commission canadienne du blé émet, à titre de dividende en actions et à l’égard d’une telle action, une action d’une catégorie de son capital-actions, le montant de la majoration du capital versé — relativement à l’émission de toutes les actions payées par la Commission canadienne du blé à la fiducie admissible au titre du dividende en actions ou au titre de tout autre dividende en actions versé à d’autres actionnaires à l’égard de ce dividende en actions — au titre des Income Tax PART I Income Tax
If this subsection applies in respect of an exchange of an eligible trust’s old share for a new share, Impôt sur le revenu
Prorogation de la Commission canadienne du blé
Remaniement de capital — Commission canadienne du blé
Le paragraphe (14) s’applique relativement à la disposition par une fiducie admissible de l’ensemble des actions (appelées collectivement anciennes actions et individuellement ancienne action au présent paragraphe et au paragraphe (14)) d’une catégorie du capital-actions de la Commission canadienne du blé dont la fiducie admissible est propriétaire si les énoncés ci-après se vérifient : a) la disposition des anciennes actions est le résultat de l’acquisition, de l’annulation ou du rachat dans le cadre d’un remaniement du capital de la Commission canadienne du blé; b) la Commission canadienne du blé émet à la fiducie admissible, en échange des anciennes actions, des actions (appelées collectivement nouvelles actions et individuellement nouvelle action au présent paragraphe et au paragraphe (14)) d’une catégorie de son capital-actions dont les modalités — y compris le droit de recevoir un montant lors d’un rachat, d’une annulation ou d’une acquisition — sont en tous points les mêmes que celles des anciennes actions quant à tous les éléments importants, y compris le droit de recevoir un montant lors d’une acquisition, d’une annulation ou d’un rachat; c) le montant qui correspond à la juste valeur marchande de toutes les nouvelles actions acquises par la fiducie admissible lors de l’échange est égal à la juste valeur marchande totale de toutes les anciennes actions dont la fiducie admissible a disposé; d) le montant qui correspond au capital versé total de toutes les nouvelles actions acquises par la fiducie admissible lors de l’échange est égal au montant correspondant au capital versé total au titre de toutes les anciennes actions dont il a été disposé lors de l’échange. Roulement d’actions lors du remaniement
Les règles ci-après s’appliquent en cas d’application du présent paragraphe à la disposition d’une ancienne action de la fiducie admissible en échange d’une nouvelle action : a) l’ancienne action est réputée avoir fait l’objet d’une disposition par la fiducie admissible pour un produit égal à son coût indiqué pour elle; Information filing requirement Failure to file prescribed form b) la nouvelle action acquise en échange de l’ancienne action visée à l’alinéa a) est réputée acquise pour un coût égal au montant visé à cet alinéa; c) si l’ancienne action était une action admissible, la nouvelle action est réputée être une action admissible; d) si de nouvelles actions sont réputées être des actions admissibles par l’effet de l’alinéa c) et que ces actions sont comprises dans une catégorie d’actions qui comprend également d’autres actions qui ne sont pas des actions admissibles, ces actions admissibles sont réputées avoir été émises dans le cadre d’une série distincte de la catégorie et les autres actions réputées avoir été émises dans une série distincte de la catégorie. Déclaration de renseignements — exigences
Une fiducie est tenue de présenter au ministre un formulaire prescrit selon les modalités réglementaires relativement à chacune de ses années d’imposition au cours de laquelle elle a été une fiducie admissible au plus tard à la date d’échéance de production qui s’applique à elle pour l’année. Formulaire prescrit — défaut de présentation
Les règles ci-après s’appliquent si la fiducie ne présente pas le formulaire prévu par le paragraphe (15) dans le délai prévu à ce paragraphe quant à une année d’imposition : a) en plus de toute pénalité dont la fiducie est passible en vertu de la présente loi pour le défaut, la fiducie est passible d’une pénalité égale au produit de la multiplication de 1 000 $ par le nombre de jours où le défaut persiste; b) la fiducie qui ne présente pas le formulaire au ministre dans les 30 jours suivant la signification à celle-ci, en personne ou par courrier recommandé, d’une demande écrite du ministre de présentation du formulaire, est réputée cesser d’être une fiducie admissible à la fin du jour où la demande a été signifiée. [NOTE : Les dispositions d’application ne sont pas incluses dans le texte consolidé; voir les lois et règlements modificatifs appropriés.] 2016, ch. 7, art. 38; 2024, ch. 15, art. 41. Sociétés coopératives Société coopérative — règle spéciale 136 (1) Malgré les autres dispositions de la présente loi, la société coopérative qui serait une société privée en l’absence du présent article est réputée ne pas être une telle, sauf pour l’application des alinéas 87(2)(vv) et (ww) (y compris toute modification apportée à ces alinéas par l’effet de l’alinéa 88(1)e.2)), des définitions de Income Tax PART I Income Tax DIVISION F Special Rules Applicable in Certain Circumstances
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 136; 1994, c. 7, Sch. II, s. 112; 1998, c. 19, s. 161; 2006, c. 4, s. 81; 2013, c. 34, s. 283, c. 40, s. 61; 2023, c. 26, s. 33. Impôt sur le revenu
Sociétés coopératives
compte de revenu à taux général, compte de revenu à taux réduit et désignation excessive de dividende déterminé au paragraphe 89(1), des paragraphes 89(4) à (6) et (8) à (10), des articles 123.4, 125, 125.1, 127 et 127.1, de la définition de bien évalué à la valeur du marché au paragraphe 142.2(1), des articles 152 et 157, du paragraphe 185.2(3), de la définition de société exploitant une petite entreprise au paragraphe 248(1) (dans son application à l’alinéa 39(1)c)) et du paragraphe 249.1(3). Définition de société coopérative
Au présent article, société coopérative s’entend d’une société qui a été constituée ou prorogée en vertu des dispositions d’une loi fédérale ou provinciale prévoyant la constitution de la société coopérative ou prévoyant la constitution de sociétés coopératives, en vue des opérations commerciales (y compris les opérations de transformation liées ou connexes) des produits naturels appartenant à ses membres ou achetés de ceux-ci, d’acheter des fournitures, du matériel ou des produits de nécessité du ménage pour les vendre à ses membres ou clients ou de fournir des services à ses membres ou clients, si a) le régime de loi en vertu duquel elle a été constituée, sa charte, ses statuts et règlements administratifs ou ses contrats avec ses membres ou avec ses membres et clients laissent entrevoir la perspective que des paiements seraient faits à eux en proportion de l’apport commercial; b) aucun de ses membres (sauf les autres sociétés coopératives) n’a plus d’un vote dans la conduite des affaires de la société; c) au moins 90 % de ses membres sont des particuliers, d’autres sociétés coopératives ou des sociétés ou sociétés de personnes qui exploitent une entreprise agricole; d) au moins 90 % de ses actions sont détenues par des membres visés à l’alinéa c) ou par des fiducies régies par des régimes enregistrés d’épargne-retraite, des fonds enregistrés de revenu de retraite, des comptes d’épargne libre d’impôt ou des régimes enregistrés d’épargne-études dont les rentiers, les titulaires ou les souscripteurs, selon le cas, sont des membres visés à cet alinéa. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 136; 1994, ch. 7, ann. II, art. 112; 1998, ch. 19, art. 161; 2006, ch. 4, art. 81; 2013, ch. 34, art. 283, ch. 40, art. 61; 2023, ch. 26, art. 33. Income Tax Part I Income Tax PROVISIONS OF Special Rules Applicable in Certain Circumstances
A × B × C where D - E where (d) the proportion of 40% that the number of days in the year in 2015 is of the number of days in the year, Amount deemed deductible under s. 125 Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
(4.3) For the purposes of subsection 137(3), A + B/C where Member’s income Impôt sur le revenu
Caisses de crédit, caisses d’épargne et de crédit et compagnies d’assurance-dépôts
Intérêts réputés ne pas être des dividendes (4.2) Malgré les autres dispositions de la présente loi, un montant réputé par le paragraphe (4.1) être un montant d’intérêt est réputé ne pas être un dividende. Détermination du montant imposable à taux réduit (4.3) Pour l’application du paragraphe (3): a) le montant imposable à taux réduit d’une société à la fin d’une année d’imposition est obtenu par la formule suivante : A + B/C où : A représente son montant imposable à taux réduit à la fin de son année d’imposition précédente, B le montant déductible, en application de l’article 125, de son impôt payable en vertu de la présente partie pour l’année d’imposition, et C son taux de déduction accordée aux petites entreprises pour l’année d’imposition, au sens du paragraphe 125(1.1); b) lorsque, à un moment donné, une nouvelle société est créée en raison de la fusion, au sens du paragraphe 87(1), de plusieurs sociétés remplacées, la nouvelle société est réputée avoir eu une année d’imposition se terminant immédiatement avant ce moment et avoir eu, à la fin de cette année, un montant imposable à taux réduit égal au total des montants imposables à taux réduit de toutes les sociétés remplacées, à la fin de leur dernière année d’imposition; c) dans le cas d’une liquidation visée au paragraphe 88(1), le montant imposable à taux réduit de la société mère visée à ce paragraphe à la fin de son année d’imposition qui précède son année d’imposition au cours de laquelle elle a reçu les biens de la filiale (visée à ce paragraphe) lors de la liquidation est réputé être le total du montant qui, par ailleurs, serait son montant imposable à taux réduit à la fin de cette année et du montant imposable à taux réduit de la filiale à la fin de son année d’imposition au cours de laquelle les biens ont été distribués à la société mère lors de la liquidation. Revenu d’un membre
Lorsqu’un contribuable a reçu un paiement d’une caisse de crédit, au cours d’une année d’imposition, relativement à une répartition proportionnelle à l’importance Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
exceeds Idem Impôt sur le revenu
Caisses de crédit, caisses d'épargne et de crédit et compagnies d'assurance-dépôts
de l'emprunt, le montant de ce paiement doit, si le contribuable a utilisé l'argent ainsi emprunté pour tirer un revenu d'une entreprise ou d'un bien (et non pour acquérir un bien dont le revenu serait exonéré ou une police d'assurance-vie), être inclus dans le calcul du revenu du contribuable pour l'année. Répartition des dividendes taxables et des gains en capital (5.1) Une caisse de crédit (appelée le « payeur » au présent paragraphe et au paragraphe (5.2)) peut, à un moment donné au cours des 120 jours postérieurs à la fin de son année d'imposition, faire choix, en la forme prescrite, d'attribuer pour l'année à un membre qui est une caisse de crédit la fraction de chacun des montants suivants qu'il est raisonnable de considérer comme attribuable au membre: a) le total des montants dont chacun représente le montant d'un dividende imposable reçu par le payeur d'une société canadienne imposable au cours de l'année; b) l'excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii): (i) le total des montants dont chacun représente l'excédent du gain en capital du payeur provenant de la disposition d'un bien au cours de l'année sur son gain en capital imposable provenant de cette disposition, (ii) le total des montants dont chacun représente l'excédent de la perte en capital du payeur provenant de la disposition d'un bien au cours de l'année sur sa perte en capital déductible provenant de cette disposition; c) chaque montant déductible en application de l'alinéa (5.2)c) dans le calcul du revenu imposable du payeur pour l'année. Idem (5.2) Malgré les autres dispositions de la présente loi : a) doit être déduit du montant qui, sans le présent paragraphe, serait déductible en vertu de l'article 112 dans le calcul du revenu imposable du payeur pour l'année d'imposition la fraction du total visé à l'alinéa (5.1)a) réparti par le payeur entre ses membres en vertu du paragraphe (5.1) pour l'année; b) est inclus dans le calcul du revenu d'un payeur pour une année d'imposition un montant égal à la fraction des montants visés aux alinéas (5.1)b) et c). Definitions qu’il a répartie entre ses membres en application du paragraphe (5.1) pour l’année; c) chaque montant attribué à un membre en application du paragraphe (5.1) est déductible par le membre dans le calcul de son revenu imposable pour son année d’imposition qui comprend le dernier jour de l’année d’imposition du payeur pour laquelle le montant a été ainsi attribué. Définitions
Les définitions qui suivent s’appliquent au présent article. caisse de crédit Société, association ou fédération constituée ou organisée comme une caisse de crédit ou une association coopérative de crédit dans le cas où: a) il s’agit, selon le cas : (i) d’une coopérative de crédit fédérale, (ii) d’un fournisseur de services financiers fondé sur le principe coopératif et constitué par une loi de la législature d’une province, b) soit la totalité, ou presque, de ses membres ayant pleins droits de vote est composée de sociétés, associations ou fédérations : (i) constituées en caisses de crédit ou associations coopératives de crédit, dont chacune est visée à l’alinéa a) ou dont la totalité, ou presque, des membres est composée de caisses de crédit, de coopératives ou des deux, (ii) constituées, organisées ou enregistrées en vertu d’une loi fédérale ou provinciale concernant les coopératives ou régies par une telle loi, (iii) constituées ou organisées à des fins de bienfaisance, ou sont des sociétés, des associations ou des fédérations dont aucune partie du revenu ne peut être versée à leurs actionnaires ou membres, ni ne peut servir à leur avantage personnel; c) soit la société, l’association ou la fédération serait une caisse de crédit par application de l’alinéa b) si tous les membres (autres que des particuliers) ayant pleins droits de vote dans chacun de ses membres qui est une caisse de crédit étaient des membres ayant pleins droits de vote dans la société, l’association ou la fédération. (credit union)
where membre Est membre d’une caisse de crédit : a) toute personne qui est inscrite à titre de membre dans les registres de la caisse de crédit et a le droit de participer aux services de la caisse de crédit et de les utiliser; b) tout régime enregistré d’épargne-retraite, fonds enregistré de revenu de retraite, compte d’épargne libre d’impôt, compte d’épargne libre d’impôt pour l’achat d’une première propriété ou régime enregistré d’épargne-études dont le rentier, le titulaire ou le souscripteur, selon le cas, est une personne visée à l’alinéa a). (member) paiement d’intérêts supplémentaires Relativement à une année d’imposition, montant porté au crédit, par une caisse de crédit, d’une personne qui était membre de la caisse de crédit au cours de l’année, et qui a le même droit au paiement de ce montant, ou qu’il recevra, calculé à un taux dépendant : a) soit du montant des intérêts payables pour l’année par la caisse de crédit au membre sur l’argent qui est dans son crédit dans les livres ou les registres de la caisse de crédit; b) soit du montant d’argent porté au crédit du membre au cours de l’année dans les registres ou livres de comptes de la caisse de crédit, si ce montant a été porté à son crédit au même taux dépendant du montant des intérêts ou du montant d’argent, selon le cas, que le taux auquel des montants ont été portés de façon analogue, pour l’année, au crédit des autres membres de la caisse de crédit appartenant à la même catégorie. (bonus interest payment) provision cumulative maximale La provision cumulative maximale d’une caisse de crédit à la fin d’une année d’imposition donnée correspond au montant calculé selon la formule suivante : 0,05 × (A + B) où : A représente le total des montants dont chacun est le montant de toute dette de la caisse de crédit, payable à un de ses membres, ou de toute autre obligation de la caisse de crédit de payer une somme à un de ses membres, qui était dû à la fin de l’année, étant entendu qu’est compris dans ce montant le montant de tout dépôt porté au crédit d’un membre de la caisse de crédit dans les livres de la caisse de crédit, mais qu’en est exclue toute part qu’un membre de la caisse de crédit peut avoir dans celle-ci; NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 137; 1994, c. 7, Sch. II, s. 113; Sch. VIII, s. 9; c. 21, s. 64; 2007, c. 2, s. 37; c. 35, s. 68; 2012, c. 31, s. 15; c. 34, s. 284; c. 40, s. 62; 2016, c. 36, s. 14; 2022, c. 15, s. 42. B le total des montants dont chacun est le montant de toute part qu’un membre de la caisse de crédit peut avoir dans celle-ci, à la fin de l’année. (maximum cumulative reserve) répartition proportionnelle à l’importance de l’emprunt Relativement à une année d’imposition, somme portée au crédit, par une caisse de crédit, d’une personne qui était membre de la caisse au cours de l’année, étant entendu que le montant de cette somme est déterminé comme suit, ou qu’il la touchera, calculée à un taux dépendant : a) soit du montant des intérêts que le membre doit verser sur l’argent emprunté à la caisse de crédit au même taux; b) soit du montant des intérêts que la caisse de crédit doit verser au membre, si cette somme a été portée au crédit au même taux dépendant du montant des intérêts ou du montant d’argent, selon le cas, que le taux accru des intérêts a été portées de façon accrue, pour l’année, et calculé tous les autres membres de la caisse de crédit ayant droit à la même catégorie. (allocation in proportion to borrowing) Caisse de crédit réputée ne pas être une société privée
Malgré les autres dispositions de la présente loi, la caisse de crédit qui serait une société privée en l’absence du présent article est réputée ne pas en être une, sauf pour l’application des articles 123.1, 123.4, 125, 127, 127.1, 152 et 157 et sauf pour l’application de l’alinéa 39(1)c) de la définition de société exploitant une petite entreprise au paragraphe 248(1). NOTE : Les dispositions d’application ne sont pas incluses dans le texte consolidé; voir les lois modificatives et règlements pertinents.] L.R. (1985), ch. 1 (5e suppl.), art. 137; 1994, ch. 7, ann. II, art. 113; ann. VIII, art. 9; ch. 21, art. 64; 2007, ch. 2, art. 37; ch. 35, art. 68; 2012, ch. 31, art. 15; ch. 34, art. 284; ch. 40, art. 62; 2016, ch. 36, art. 14; 2022, ch. 15, art. 42. Somme incluse dans le revenu d’une compagnie d’assurance-dépôts
a) le revenu de la compagnie est calculé, sauf disposition contraire du présent article, conformément aux règles applicables au calcul du revenu dans le cadre de la présente partie; b) sont inclus dans le calcul du revenu de la compagnie ceux des montants suivants qui s’appliquent : (i) la totalité des bénéfices ou gains réalisés au cours de l’année par la compagnie à la suite de la disposition au cours de l’année d’obligations, de créances hypothécaires, de billets ou d’autres titres semblables qu’elle possédait, (ii) le total de chaque partie — incluse par la compagnie dans le calcul de son bénéfice pour l’année — de chaque excédent éventuel du principal, à la date d’acquisition par la compagnie, d’une obligation, d’une créance hypothécaire, d’un billet ou d’un autre titre semblable qu’elle possédait à la fin de l’année sur son coût d’acquisition par la compagnie. Sommes exclues du revenu
Les sommes ci-après ne sont pas à inclure dans le calcul du revenu d’une compagnie d’assurance-dépôts pour une année d’imposition: a) toute prime ou cotisation reçue ou à recevoir par elle au cours de l’année de ses institutions membres; b) tout somme reçue par elle, au cours de l’année, d’une autre compagnie d’assurance-dépôts dans la mesure où il est raisonnable de considérer que cette somme a été payée sur des sommes visées à l’alinéa a) que l’autre compagnie a reçues au cours d’une année d’imposition. Montant déductible dans le calcul du revenu d’une compagnie d’assurance-dépôts
Sont déductibles dans le calcul du revenu pour une année d’imposition d’un contribuable qui est une compagnie d’assurance-dépôts ceux des montants suivants qui sont applicables: a) le total des pertes que la compagnie a subies au cours de l’année relativement aux obligations, créances hypothécaires, billets ou autres titres semblables qu’elle lui appartenaient, qui ont été émis par une personne qui n’est pas une institution membre et qui ont été aliénés par elle au cours de l’année; b) le total de chaque partie — déduite par la compagnie dans le calcul de son bénéfice pour l’année — de chaque excédent éventuel du coût d’acquisition, pour la compagnie, d’une obligation, d’une créance hypothécaire, d’un billet ou d’un autre titre semblable lui appartenant à la fin de l’année sur le principal de l’obligation, de la créance hypothécaire, du billet ou de tout autre titre semblable, selon le cas, au moment de son acquisition; Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
Impôt sur le revenu
Caisses de crédit, caisses d'épargne et de crédit et compagnies d'assurance-dépôts
d) le total des dépenses engagées par le contribuable en vue de la perception des primes et des cotisations à charge des institutions membres; e) le total des dépenses engagées par le contribuable : (i) dans l’accomplissement de ses fonctions de curateur d’une banque, ou de liquidateur ou de receveur d’une institution membre, lorsqu’il est régulièrement désigné comme curateur, liquidateur ou receveur, (ii) lorsqu’il fait ou fait faire des inspections qu’il est raisonnable de considérer comme indiquées afin d’évaluer la solvabilité ou la stabilité financières d’une institution membre, et (iii) lorsqu’il a sous sa surveillance ou gère une institution membre en difficulté financière; f) le total des montants suivants non déductibles par ailleurs par le contribuable pour l’année ou pour une autre année d’imposition : (i) tout montant que le contribuable a payé au cours de l’année en exécution d’une obligation légale de payer des intérêts sur de l’argent emprunté et qui a servi : (A) soit à prêter de l’argent ou à fournir une autre forme d’aide à une institution membre en difficulté financière, (B) soit à aider à payer les pertes subies par les membres ou déposants d’une institution membre en difficulté financière, (C) soit à prêter de l’argent à une filiale à cent pour cent du contribuable et qui est réputée par le paragraphe (5.1) être une compagnie d’assurance-dépôts, (D) soit à acquérir un bien auprès d’une institution membre en difficulté financière, (E) soit à acquérir des actions du capital-actions d’une institution membre en difficulté financière, (ii) tout montant que le contribuable a payé au cours de l’année en exécution d’une obligation légale de payer des intérêts sur un montant qui serait déductible en vertu du sous-alinéa (i) s’il était payé au cours de l’année. Definitions
Aucune déduction ne peut être faite, dans le calcul du revenu, pour une année d’imposition, d’un contribuable qui est une compagnie d’assurance-dépôts, à l’égard : a) d’une prime, subvention ou autre forme d’aide qu’elle fournit à ses institutions membres; b) d’un montant égal à l’excédent éventuel du montant payé ou payable par elle pour acquérir un bien sur la juste valeur marchande du bien au moment de son acquisition; c) de tout montant versé à ses institutions membres à titre d’allocations proportionnelles aux montants visés au paragraphe (2); d) d’une somme qu’elle a payée à une autre compagnie d’assurance-dépôts et qui, par l’effet de l’alinéa (2)b), n’est pas incluse dans le calcul du revenu de cette dernière; e) de tout montant, par ailleurs déductible en vertu de l’alinéa 20(1)p) à l’égard de créances dues par ses institutions membres et dont des intérêts n’ont pas été inclus dans le calcul du revenu de celle-ci pour l’année ou pour une année d’imposition antérieure. Définitions
Les définitions qui suivent s’appliquent au présent article. bien de placement a) Obligations, créances hypothécaires, billets ou autres titres semblables : (i) émis ou garantis par le gouvernement du Canada, (ii) du gouvernement d’une province ou d’un mandataire ou agent de ce dernier, (iii) d’une municipalité du Canada ou d’un organisme municipal public remplissant une fonction gouvernementale au Canada, (iv) d’une société, commission ou association dont 90 % au moins des actions ou du capital appartiennent à Sa Majesté du chef du Canada ou d’une municipalité canadienne, ou d’une filiale à cent pour cent d’une telle société, commission ou association, Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
(b) a corporation incorporated by the Canada Deposit Insurance Corporation Act; (compagnie d’assurance-dépôts) (a) bonds, debentures, mortgages, hypothecary claims, notes or other similar obligations (iii) of a municipality in Canada or a municipal or public body performing a function of government in Canada, (i) a bank, (d) in relation to a particular deposit insurance corporation, debt obligations of, and shares of the capital stock of, a subsidiary wholly-owned corporation of the (v) d’un établissement d’enseignement ou d’un hôpital si le remboursement du principal et le paiement de l’intérêt afférent doivent être faits, ou sont garantis, assurés ou prévus expressément de quelque autre façon par le gouvernement d’une province; b) dépôts, certificats de dépôt ou certificats de placements garantis auprès : (i) d’une banque, (ii) d’une société titulaire d’une licence ou par ailleurs autorisée par la législation fédérale ou provinciale à exploiter au Canada l’entreprise consistant à offrir au public des services de fiduciaire, (iii) d’une caisse de crédit ou d’une centrale, qui est membre de l’Association canadienne des paiements, ou d’une caisse de crédit qui est actionnaire ou membre d’une centrale membre de cette association; c) somme d’argent de la compagnie; d) relativement à une compagnie d’assurance-dépôts donnée, des obligations de créance et des actions d’une filiale à cent pour cent de celle-ci qui est réputée par le paragraphe (5.1) être une compagnie d’assurance-dépôts. (investment property) compagnie d’assurance-dépôts a) Société qui a été constituée sous le régime d’une loi fédérale ou provinciale portant sur l’établissement d’un fonds ou d’un office de stabilisation, si les conditions suivantes sont réunies : (i) elle a été constituée principalement : (A) d’une part, pour fournir ou administrer un fonds de stabilisation, de disponibilités ou d’entraide à l’intention de caisses de crédit, (B) d’autre part, pour aider au paiement de toute perte subie par des membres de caisses de crédit dans leurs dépôts; (ii) tout au long d’une année d’imposition à l’égard de laquelle l’expression s’applique : (A) d’une part, elle est une société canadienne, (B) d’autre part, le coût indiqué, pour elle, de ses biens de placement constitue au moins 50 % du coût indiqué, pour elle, de tous ses biens – à l’exclusion de titres de créance et des actions du Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
that deposit insurance corporation. (institution membre) Deeming provision (a) investment property; (e) any combination of property described in paragraphs 137.1(5.1)(a) to 137.1(5.1)(d). Impôt sur le revenu
Caisses de crédit, caisses d’épargne et de crédit et compagnies d’assurance-dépôts
capital-actions d’une institution membre émis par celle-ci pendant qu’elle était en difficulté financière; b) société constituée par la Loi sur la Société d’assurance-dépôts du Canada. (deposit insurance corporation) institution membre En ce qui concerne une compagnie d’assurance-dépôts donnée : a) une société dont le passif afférent aux dépôts est assuré par cette compagnie d’assurance-dépôts; b) une caisse de crédit qui remplit les conditions requises pour obtenir une aide de cette compagnie d’assurance-dépôts. Présomption (5.1) Pour l’application du présent article, à l’exception du paragraphe (2), de l’alinéa (3)d), du sous-alinéa (3)e)(i), du paragraphe (9) et de l’alinéa (11)a), la filiale à cent pour cent d’une société visée à la définition de compagnie d’assurance-dépôts, au paragraphe (5), est réputée être une compagnie d’assurance-dépôts, et est réputée être une institution membre de la filiale, dans le cas où la totalité, ou presque, des biens de la filiale a toujours consisté depuis la constitution de celle-ci : a) en biens de placement; b) en actions du capital-actions d’une institution membre de la société donnée que la filiale a obtenues pendant que l’institution membre était en difficulté financière; c) en titres de créance émis par une institution membre de la société donnée pendant que l’institution membre était en difficulté financière; d) en biens acquis auprès d’une institution membre de la société donnée pendant que l’institution membre était en difficulté financière; e) en plusieurs des biens visés aux alinéas a) à d). Absence de qualité de société privée
Malgré les autres dispositions de la présente loi, une compagnie d’assurance-dépôts qui, sans le présent paragraphe, serait une société privée est réputée ne pas être une société privée. Deemed compliance (38% - A) × B where Absence de qualité de caisse de crédit
Malgré les autres dispositions de la présente loi, une compagnie d’assurance-dépôts qui, sans le présent paragraphe, serait une caisse de crédit est réputée ne pas être une caisse de crédit. Présomption de conformité
Pour l’application du paragraphe (5), une société est réputée s’être conformée à la division a)(ii)(B) de la définition de compagnie d’assurance-dépôts au paragraphe (5) tout au long de l’année d’imposition 1975 si elle s’y conformait au dernier jour de cette année d’imposition. Taux d’imposition spécial
L’impôt payable par une société en vertu de la présente partie pour une année d’imposition tout au long de laquelle elle était une compagnie d’assurance-dépôts — à l’exclusion d’une société constituée en vertu de la Loi sur la Société d’assurance-dépôts du Canada — correspond à la somme obtenue par la formule suivante : (38 % - A) × B où : A représente le taux qui, si le paragraphe 125.1(1) s’appliquait à la société pour l’année, correspondrait au taux de la déduction pour petite entreprise qui lui est applicable pour l’année, déterminé selon ce paragraphe; B le revenu imposable de la société pour l’année. Sommes versées par une compagnie d’assurance-dépôts
Le contribuable qui est une institution membre au cours d’une année d’imposition doit inclure dans le calcul de son revenu pour l’année le total des montants suivants : a) tout montant visé à l’un des alinéas (4)a) à (4)c) et qu’il a reçu au cours de l’année d’une compagnie d’assurance-dépôts, dans la mesure où il n’a pas remboursé ce montant à la compagnie au cours de l’année; b) tout montant reçu d’une compagnie d’assurance-dépôts au cours de l’année au titre des dépôts auprès du contribuable ou au titre du capital-actions de celui-ci, dans la mesure où le contribuable n’a pas remboursé ce montant à la compagnie au cours de l’année; c) l’excédent, dans la mesure où il n’est pas ailleurs inclus dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
exceeds Repayment excluded
Where Impôt sur le revenu
Caisses de crédit, caisses d’épargne et de crédit et compagnies d’assurance-dépôts
antérieure, du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii): (i) le principal d’une dette du contribuable qui a pour objet le paiement d’un montant à une compagnie d’assurance-dépôts et qui est réglée ou éteinte au cours de l’année par le paiement par le contribuable d’un montant inférieur au principal ou autrement que par paiement par le contribuable, (ii) le montant payé par le contribuable lors du règlement ou de l’extinction de la dette. Principal d’une dette d’intérêts (10.1) Pour l’application de l’alinéa (10)c), l’intérêt payable par une institution membre à une compagnie d’assurance-dépôts sur une dette est réputé avoir un principal égal à cet intérêt. Montants déductibles par une institution membre
Les montants applicables suivants sont déductibles dans le calcul du revenu, pour une année d’imposition donnée, d’un contribuable qui est une institution membre: a) le montant visé au paragraphe (2) et qui est payé ou payable par le contribuable au cours de l’année, dans la mesure où il n’a pas été déduit dans le calcul de son revenu pour une année d’imposition antérieure; b) la somme remboursée à une compagnie d’assurance-dépôts par le contribuable au cours de l’année au titre d’un montant visé à l’alinéa (10)a) ou b) reçu au cours d’une année d’imposition antérieure, dans la mesure où elle n’a pas été exclue, à cause du paragraphe (12), du revenu pour l’année antérieure. Exclusion
L’institution membre qui, au cours d’une année d’imposition donnée, a remboursé à une compagnie d’assurance-dépôts une somme qui avait été incluse dans le calcul de son revenu pour une année d’imposition antérieure en application de l’alinéa (10)a) ou b), doit pour exclure la somme remboursée de ce montant inclus par ailleurs, produire, après la déclaration de revenu pour l’année antérieure qu’elle a produite conformément à l’article 150, une déclaration modificative pour cette même année au plus tard à la date où elle était tenue de produire sa déclaration de revenu pour l’année donnée conformément à l’article 150. Il incombe alors au ministre d’établir la nouvelle cotisation voulue concernant l’impôt, les intérêts et les pénalités payables par [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 137.1; 1994, c. 21, s. 65; 2001, c. 17, s. 216; 2007, c. 2, s. 38; 2013, c. 34, s. 288.] Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Sections 137.2-138 (d) any other property shall be valued at its cost amount to the corporation. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 137.2; 2001, c. 17, s. 217. (iv) at a fixed or determinable future time, Insurer’s income or loss (d) if a non-resident insurer carries on an insurance business in Canada in a taxation year, Revenu ou perte de l’assureur
Malgré les autres dispositions de la présente loi : a) si un assureur sur la vie résident au Canada exploite une entreprise d’assurance au Canada et à l’étranger au cours d’une année d’imposition, son revenu ou sa perte pour l’année résultant de l’exploitation d’une entreprise d’assurance correspond au montant de son revenu ou de sa perte pour l’année provenant de l’exploitation de l’entreprise d’assurance au Canada; b) si un assureur sur la vie résident au Canada exploite une entreprise d’assurance au Canada et à l’étranger au cours d’une année d’imposition, il est entendu : (i) qu’aucun montant n’est à inclure, dans le calcul de son revenu ou de sa perte pour l’année résultant de l’entreprise d’assurance qu’il exploite au Canada, à l’égard de ses revenus bruts de placement pour l’année provenant de biens qu’il utilisait ou détenait dans le cadre de l’exploitation d’une entreprise d’assurance et qui ne sont pas des biens d’assurance désignés pour l’année d’imposition de l’assureur, (ii) que, dans le calcul de ses gains en capital imposables ou de ses pertes en capital déductibles pour l’année résultant de la disposition de immobilisations (appelées « biens d’entreprise d’assurance » au présent sous-alinéa) qu’il utilisait ou détenait, au moment de la disposition, dans le cadre de l’exploitation d’une entreprise d’assurance : (A) l’assureur doit inclure le montant de chacun de ces gains en capital imposables ou pertes en capital déductibles pour l’année résultant de la disposition, au cours de l’année, de tout bien d’entreprise d’assurance qui était un bien d’assurance désigné pour l’année d’imposition de l’assureur, (B) l’assureur ne doit inclure aucun montant au titre de son gain en capital imposable ou de sa perte en capital déductible pour l’année résultant de la disposition, au cours de l’année, de tout bien d’entreprise d’assurance qui n’était pas un bien d’assurance désigné pour l’année d’imposition de l’assureur; c) si un assureur non-résident exploite une entreprise d’assurance au Canada au cours d’une année d’imposition, son revenu ou sa perte pour l’année résultant de l’exploitation d’une entreprise d’assurance correspond au montant de son revenu ou de sa perte pour l’année (c) for the purposes of subparagraph (3)(a)(ii.1) and subsection 20(22), Insurance swaps Insurance swaps (a) subsection (2.2) applies to deem one or more risks insured by a particular life insurer resident in Canada to be specified Canadian risks; and (i) the particular life insurer, b) si, au cours de l’année d’imposition précédente, l’entreprise d’assurance étrangère désignée n’était pas une telle entreprise, l’assureur est réputé, pour l’application de l’alinéa (4)a), du paragraphe (9), de la définition de bien d’assurance désigné au paragraphe (12) et des alinéas 12(1)d) à e), avoir exploité l’entreprise au Canada au cours de cette année et avoir déduit le montant maximal auquel il aurait eu droit en application du sous-alinéa (3)a)(ii) et des alinéas 20(1)l) et l.1) et 20(7)c) relativement aux risques canadiens déterminés si cette entreprise d’assurance étrangère désignée avait été une telle entreprise au cours de cette année; c) pour l’application du sous-alinéa (3)a)(ii.1) et du paragraphe 20(22), à la fois : (i) l’assureur est réputé avoir exploité l’entreprise au Canada au cours de l’année visée à l’alinéa b), (ii) les montants éventuels qui auraient été visés relativement quant à l’assureur pour l’application des alinéas (4)b) et 12(1)e.1) relativement aux polices d’assurance relatives à ces risques canadiens déterminés sont réputés avoir été inclus dans le calcul du revenu de l’assureur pour cette année. Swaps d’assurance (2.2) Pour l’application du présent article, un ou plusieurs risques assurés par un assureur résident au Canada, dans le cadre d’une entreprise d’assurance exploitée à l’étranger, qui ne seraient pas des risques canadiens déterminés s’il n’était pas tenu compte du présent paragraphe, sont réputés être des risques canadiens déterminés dans les cas où ils seraient réputés, par l’effet de l’alinéa 95(2)a.21), être des risques canadiens déterminés si l’assureur était une société étrangère affiliée d’un contribuable. Swaps d’assurance (2.3) Le paragraphe (2.4) s’applique relativement à un ou plusieurs accords ou arrangements si les énoncés ci-après se vérifient : a) un ou plusieurs risques assurés par un assureur sur la vie donné résidant au Canada sont réputés, par l’effet du paragraphe (2.2), être des risques canadiens déterminés; b) ces accords ou arrangements relatifs à des risques visés à l’alinéa a) ont été conclus par l’une des parties ci-après (appelées « partie consentante » au paragraphe (2.4)) : (i) l’assureur donné, Insurance swaps Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
(B) the application of any of subsections (2.1) to (2.5) to the risk; and Impôt sur le revenu
Compagnies d’assurance
société étrangère affiliée d’un contribuable, serait inclus dans le calcul du revenu de l’assureur provenant d’une entreprise autre qu’une entreprise exploitée activement pour l’année par l’effet du sous-alinéa 95(2)a)(iii), est à inclure dans le calcul du revenu ou de la perte de l’assureur pour cette année provenant de son entreprise d’assurance exploitée au Canada, sauf dans la mesure où il est déjà inclus par l’effet des paragraphes (2.1), (2.2) ou (2.4). Anti-évitement (2.6) Pour l’application du présent article, les règles ci-après s’appliquent : a) sont réputés être des risques canadiens déterminés assurés dans le cadre d’une entreprise d’assurance exploitée au Canada par un assureur vie résidant au Canada les risques à l’égard desquels les énoncés ci-après se vérifient : (i) l’assureur a assuré les risques dans le cadre d’une opération ou d’une série d’opérations, (ii) les risques ne seraient pas des risques canadiens déterminés s’il n’était pas tenu compte du présent paragraphe, (iii) il peut être raisonnable de conclure que l’un des motifs de l’opération ou de la série consistait à éviter : (A) soit que l’assureur ait une entreprise d’assurance étrangère désignée, (B) soit l’application de l’un des paragraphes (2.1) à (2.5) relativement aux risques; b) si un ou plusieurs accords ou arrangements relatifs aux risques ont été conclus par l’une des personnes ou sociétés de personnes visées aux sous-alinéas (2.3)b)(i) à (v) (appelées « partie contractante » au présent alinéa) : (i) les activités exercées relativement à ces accords ou arrangements sont réputées : (A) si la partie contractante est un assureur sur la vie résidant au Canada, ou une société de personnes dont un tel assureur est associé, être exercées dans le cadre de l’entreprise d’assurance exploitée au Canada de l’assureur, (B) si elle est une société étrangère affiliée d’un contribuable, ou une société de personnes dont une telle société affiliée est un associé, être une (ii) [Repealed, 2022, c. 19, s. 26] A - B where Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
(iv) [Repealed, 2013, c. 34, s. 286] (d) [Repealed, 1995, c. 21, s. 57(2)] (e) to (g) [Repealed, 2013, c. 34, s. 286] (3.1) [Repealed, 2013, c. 34, s. 286] (4.1) to (4.3) [Repealed, 2013, c. 34, s. 286] Income inclusion Application Somme à inclure (4.4) L’assureur sur la vie qui, au cours d’une période d’une année d’imposition : a) soit est propriétaire d’un fonds de terre — sauf un fonds de terre visé à l’alinéa c) ou d) — ou d’un intérêt ou, pour l’application du droit civil, d’un droit sur ce fonds de terre, qui ne détenait pas principalement en vue de tirer un revenu du fonds de terre pour la période; b) soit a un intérêt ou, pour l’application du droit civil, un droit sur un bâtiment en construction, en rénovation ou en transformation; c) soit est propriétaire d’un fonds de terre sous-jacent au bâtiment visé à l’alinéa b) ou a un intérêt ou, pour l’application du droit civil, un droit sur ce fonds de terre; d) soit est propriétaire d’un fonds de terre contigu à celui visé à l’alinéa c), ou a un intérêt ou, pour l’application du droit civil, un droit sur ce fonds de terre, qui est utilisé, ou destiné à être utilisé, comme terrain de stationnement, voie d’accès, cour ou jardin ou à un autre usage nécessaire à l’utilisation projetée ou au projeté du bâtiment visé à l’alinéa b), doit inclure dans le calcul de son revenu pour l’année le total des montants représentant chacun le montant prescrit au titre du coût ou du coût en capital, pour lui, du fonds de terre, du bâtiment ou de l’intérêt ou du droit pour la période si le fonds de terre, le bâtiment ou l’intérêt ou le droit étaient soit un bien d’assurance désigné pour l’année ou un bien qu’il utilisait ou détenait pendant l’année dans le cadre de l’exploitation d’une entreprise d’assurance au Canada; le montant prescrit est à inclure, à la fin de la période, dans le calcul des montants suivants : e) le coût du fonds de terre ou de l’intérêt ou du droit pour l’assureur, si le fonds de terre ou l’intérêt ou le droit est un bien visé à l’alinéa a); f) le coût en capital, pour l’assureur, de l’intérêt ou du droit sur le bâtiment visé à l’alinéa b), si le fonds de terre, le bâtiment ou l’intérêt ou le droit est un bien visé aux alinéas b) à d). Application (4.5) Les règles suivantes s’appliquent à l’assureur sur la vie qui transfère ou prête des biens, directement ou indirectement, de quelque manière que ce soit, à une personne ou une société de personnes (appelée « le bénéficiaire » au présent paragraphe) qui lui est affiliée ou qui est affiliée à une personne ou une société de personnes avec laquelle il a un lien de dépendance, dans le cas où Deductions not allowed (iv) [Repealed, 2001, c. 17, s. 133(2)] No deduction (5.2) [Repealed, 1995, c. 21, s. 57(5)]
[Repealed, 1997, c. 25, s. 39(8)] Computation of income
[Repealed, 1995, c. 21, s. 57(7)] Identical properties Computation of capital gain on pre-1969 depreciable property Deemed disposition Income Tax PART I Income Tax DIVISION F Special Rules Applicable in Certain Circumstances
Exclusion from deemed disposition Deduction of loss (11.41) [Repealed, 1995, c. 21, s. 57(12)] (11.5) Where Impôt sur le revenu
Compagnies d’assurance
e) en cas d’application de l’alinéa b), le gain ou la perte éventuel découlant de la disposition est réputé être un gain ou une perte provenant d’un bien d’assurance désigné de l’assureur pour l’année. Exception (11.31) Le paragraphe (11.3) ne s’applique pas : a) de manière que le bien d’un assureur soit réputé avoir fait l’objet d’une disposition au cours d’une année d’imposition dans le cas où l’assureur est réputé, par le paragraphe 142.5(2), en avoir disposé au cours de son année d’imposition précédente; b) dans le cadre de l’alinéa 20(1)l), de l’élément A de la formule figurant à la définition de fraction non amortie du coût en capital au paragraphe 13(21), de l’alinéa b) de l’élément F de cette formule et de la définition de bien d’assurance désigné au paragraphe (12). Déductions des pertes (11.4) Malgré les autres dispositions de la présente loi, dans le cas où un assureur subit pour une année d’imposition une perte découlant de la disposition, par l’effet du paragraphe (11.3), d’un bien autre qu’un titre de créance déterminé, au sens du paragraphe 142.2(1), et qui, n’eût été le présent paragraphe, aurait été déductible au cours de l’année, la perte n’est déductible qu’au cours de l’année d’imposition pendant laquelle le contribuable a disposé du bien autrement que par suite de l’application du paragraphe (11.3). (11.41) [Abrogé, 1995, ch. 21, art. 57(12)] Transfert d’une entreprise d’assurance par un assureur non-résident (11.5) Dans le cas où, à la fois : a) un assureur non-résident — appelé « cédant » au présent paragraphe — cesse, à un moment donné d’une année d’imposition, d’exploiter la totalité, ou presque, d’une entreprise d’assurance au Canada au cours de l’année; b) le cédant transfère, à ce moment ou dans les 60 jours qui suivent, à une société (appelée « cessionnaire » au présent paragraphe) qui est pour lui une société liée admissible (au sens du paragraphe 219(8)) et qui, immédiatement après ce moment, exploite cette entreprise, la totalité ou la presque totalité des biens (appelés « biens transférés » au présent paragraphe) dont il est propriétaire à ce moment et qui étaient des biens d’assurance désignés relatifs à l’entreprise pour l’année d’imposition qui, par l’effet A × B/C where Income Tax PART I Income Tax DIVISION F Special Rules Applicable in Certain Circumstances
A × B/C where A × B/C where Impôt sur le revenu
Compagnies d’assurance
cédant reçoit ou peut recevoir en contrepartie des biens transférés — sauf la contrepartie qui consiste en actions du capital-actions du cessionnaire ou en un droit de les recevoir, B la juste valeur marchande, immédiatement après le transfert, de ces actions privilégiées, C la juste valeur marchande, immédiatement après le transfert, de toutes les actions privilégiées du capital-actions du cessionnaire que le cédant peut recevoir en contrepartie des biens transférés, (ii) s’il s’agit d’actions ordinaires d’une catégorie du capital-actions du cédant, le montant calculé selon la formule suivante : A × B/C où : A représente l’excédent éventuel du produit de disposition des biens transférés, calculé pour le cédant selon l’alinéa e), sur le total de la juste valeur marchande, au moment donné, de ce que le cédant reçoit ou peut recevoir en contrepartie des biens transférés — sauf la contrepartie qui consiste en actions du capital-actions du cessionnaire ou en un droit de les recevoir — et du coût, pour le cédant, de toutes les actions privilégiées du capital-actions du cessionnaire qu’il peut recevoir en contrepartie des biens transférés, B la juste valeur marchande, immédiatement après le transfert, de ces actions ordinaires, C la juste valeur marchande, immédiatement après le transfert, de toutes les actions ordinaires du capital-actions du cessionnaire que le cédant peut recevoir en contrepartie des biens transférés; h) pour l’application de la présente loi, le cédant et le cessionnaire sont réputés chacun avoir une année d’imposition se terminant immédiatement avant le moment donné et, pour l’établissement de leurs exercices après ce moment, le cédant et le cessionnaire sont réputés ne pas avoir établi d’exercices avant ce moment; i) pour le calcul des revenus bruts de placements à inclure, en application du paragraphe (9), dans le calcul du revenu du cédant pour l’année d’imposition donnée visée à l’alinéa h) et des gains et pertes résultant de ses biens d’assurance désignés pour ses années d’imposition ultérieures, le cédant est réputé avoir transféré au cessionnaire l’entreprise visée à l’alinéa a), les biens visés à l’alinéa b) et les obligations visées à l’alinéa c) le dernier jour de l’année donnée; j) pour le calcul du revenu du cédant et du cessionnaire pour leurs années d’imposition postérieures à celles visées à l’alinéa h), les montants déduits par le cédant à titre de provisions en application du sous-alinéa (3)a)(i) et des alinéas 20(1)l) et l.1) et 207(7)c) de la présente loi et de l’article 33 et de l’alinéa 138(3)c) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, pour son année d’imposition visée à l’alinéa h), relativement aux biens transférés visés à l’alinéa b) ou aux obligations visées à l’alinéa c) sont réputés avoir été déduits par le cessionnaire, et non par le cédant, pour son année d’imposition visée à l’alinéa h); j.1) pour le calcul du revenu du cédant et du cessionnaire pour leurs années d’imposition postérieure à celle visée à l’alinéa h), les montants inclus en application des alinéas (4)b) et 12(1)e.1) dans le calcul du revenu du cédant pour son année d’imposition visée à l’alinéa h) relativement aux polices d’assurance de l’entreprise visée à l’alinéa a) sont réputés avoir été inclus dans le calcul du revenu du cessionnaire, et non dans le calcul du revenu du cédant, pour leurs années d’imposition visées à l’alinéa h); k) pour l’application du présent article, des articles 12, 12.4, 20, 138.1, 140 et 142, des alinéas 142.4(4)c) et d), de l’article 148 et de la partie XII.3, le cessionnaire est réputé, pour ses années d’imposition postérieures à celle visée à l’alinéa h), être la même personne que le cédant et en être la continuation quant à l’entreprise visée à l’alinéa a), aux biens transférés visés à l’alinéa b) et aux obligations visées à l’alinéa c); k.1) sauf pour l’application du présent paragraphe, dans le cas où les dispositions du paragraphe 85(1) n’ont pas à être appliquées au transfert : (i) le cédant est réputé ne pas avoir disposé d’un bien transféré qui est un titre de créance déterminé autre qu’un bien évalué à la valeur du marché, (ii) le cessionnaire est réputé, pour ce qui est d’un bien transféré qui est un titre de créance déterminé autre qu’un bien évalué à la valeur du marché, être la même personne que le cédant et en être la continuation, pour l’application du présent alinéa, bien évalué à la valeur du marché et titre de créance déterminé s’entendent au sens du paragraphe 142.2(1). (k.2) for the purposes of subsections 112(5) to 112(5.2) and 112(5.4) and the definition mark-to-market property in subsection 142.2(1), the transferee shall be deemed, in respect of the transferred property, to be the same person as, and a continuation of, the transferor, k.2) pour l’application des paragraphes 112(5) à (5.2) et (5.4) et de la définition de bien évalué à la valeur du marché au paragraphe 142.2(1), le cessionnaire est réputé, pour ce qui est du bien transféré, être la même personne que le cédant et en être la continuation; l) pour l’application du présent paragraphe et des paragraphes (11.7) et (11.9), la juste valeur marchande de la contrepartie que le cédant a reçue du cessionnaire pour la prise en charge ou la réassurance d’une obligation visée à l’alinéa c) est réputée correspondre au total des montants déduits par le cédant à titre de provision en application du sous-alinéa (3)a)(i) et de l’alinéa 20(7)c) pour son année d’imposition visée à l’alinéa h) relativement à cette obligation; m) pour le calcul du revenu du cédant et du cessionnaire pour leurs années d’imposition postérieures à celles visées à l’alinéa h), les montants suivants doivent être inclus ou déduits, selon le cas, uniquement dans la mesure où il est raisonnable de les considérer comme nécessaires au calcul du revenu du cédant et du cessionnaire : (i) la prime de réassurance payée ou payable par le cédant au cessionnaire, au titre des obligations de réassurance visées à l’alinéa c), dans le cadre d’une convention de réassurance conclue pour effectuer le transfert de l’entreprise d’assurance à laquelle le présent paragraphe s’applique, (ii) la commission de réassurance payée ou payable par le cessionnaire au cédant, au titre de la prime de réassurance visée au sous-alinéa (i), dans le cadre de la convention de réassurance visée à ce sous-alinéa. Income Tax PART I Income Tax DIVISION F Special Rules Applicable in Certain Circumstances
Computation of paid-up capital (A - B) × C/A where Impôt sur le revenu
Compagnies d’assurance
Date du choix (11.6) Tout choix prévu au paragraphe (11.5) doit être fait au plus tard à la date où tout contribuable faisant le choix doit, le premier, produire une déclaration de revenu en vertu de l’article 150 pour l’année d’imposition au cours de laquelle surviennent les opérations qui font l’objet du choix. Calcul du capital versé (11.7) Les règles suivantes s’appliquent si, après le 15 décembre 1987, le paragraphe (11.5) s’applique à un transfert de biens par un assureur non-résident en faveur d’une société liée admissible de l’assureur et si n’est pas nécessaire d’appliquer le paragraphe 85(1) au transfert : a) le montant calculé selon la formule suivante est déduit dans le calcul du capital versé, à un moment donné après le transfert, à l’égard de toute catégorie donnée d’actions du capital-actions de la société liée admissible : (A - B) × C/A où : A représente l’augmentation — conséquence du transfert — du capital versé au titre de toutes les actions du capital-actions de la société, calculée compte non tenu du présent paragraphe et qui s’applique au transfert, B l’excédent éventuel du coût des biens transférés pour la société immédiatement après le transfert sur la juste valeur marchande, immédiatement après le transfert, de toute contrepartie (à l’exclusion des actions du capital-actions de la société) que l’assureur a reçu ou peut recevoir de la société pour les biens, C l’augmentation — conséquence de l’acquisition des biens transférés par la société — du capital versé au titre de la catégorie donnée d’actions, calculée compte non tenu du présent paragraphe et qui s’applique au transfert; b) le moindre des montants suivants est ajouté dans le calcul du capital versé, à un moment donné après le 15 décembre 1987, au titre d’une catégorie donnée d’actions du capital-actions de la société liée admissible : (i) l’excédent éventuel du total visé à la division (A) sur le total visé à la division (B): exceeds Rules on transfers of depreciable property (11.8) Where Computation of contributed surplus (a) the total of (A) le total des montants dont chacun représente un montant réputé, selon le paragraphe 84(3), (4) ou (4.1), être un dividende sur des actions de cette catégorie que la société a versé après le 15 décembre 1987 et avant ce moment, (B) le total de ces dividendes calculé selon la division (A) et compte non tenu de l’alinéa a), (iii) le total des montants dont chacun représente un montant à déduire selon l’alinéa a) dans le calcul du capital versé au titre de cette catégorie d’actions après le 15 décembre 1987 et avant ce moment. Règles sur les transferts de biens amortissables (11.8) Pour l’application des articles 13 et 20 et des dispositions réglementaires prises en vertu de l’alinéa 20(1)a), si le paragraphe (11.5) s’applique à un transfert de biens amortissables par un assureur non-résident en faveur d’une société liée admissible, et s’il n’est pas nécessaire d’appliquer les dispositions du paragraphe 85(1) à ce transfert, et si le coût en capital de ces biens pour l’assureur excède leur produit de disposition, les règles suivantes s’appliquent : a) le coût en capital des biens amortissables pour la société est réputé être le coût en capital de ces biens pour l’assureur; b) cet excédent est réputé avoir été déduit par la société à titre de biens selon les dispositions réglementaires prises en vertu de l’alinéa 20(1)a) dans le calcul du revenu de la société pour les années d’imposition se terminant avant le transfert. Calcul du surplus d’apport (11.9) Pour l’application de l’alinéa 84(1)c.1) et des paragraphes 219(5.2) et (5.3), après le 15 décembre 1987, le paragraphe (11.5) ou 85(1) s’applique à un transfert de biens par une personne ou société de personnes en faveur d’une compagnie d’assurance résidant au Canada, le surplus d’apport de la compagnie découlant du transfert est réputé être l’excédent éventuel du surplus d’apport calculé par ailleurs sur l’excédent éventuel du total visé à l’alinéa a) sur le total visé à l’alinéa b): exceeds (b) the total of Computation of income of non-resident insurer a) le total des montants suivants : (i) la juste valeur marchande, immédiatement après le transfert, de toute contrepartie (à l’exclusion d’actions du capital-actions de la compagnie) que la personne ou société de personnes a reçue ou peut recevoir de la compagnie pour les biens transférés, (ii) l’augmentation — conséquence du transfert — du capital versé au titre de toutes les actions du capital-actions de la compagnie, calculée compte non tenu du paragraphe (11.7) ou 85(2.1) tel qu’il s’applique au transfert, (iii) l’augmentation — conséquence du transfert — du surplus d’apport de la compagnie, calculée compte non tenu du présent paragraphe tel qu’il s’applique au transfert; b) le total des montants suivants : (i) l’ensemble des montants dont chacun représente un montant à déduire dans le calcul du capital versé au titre d’une catégorie d’actions du capital-actions de la compagnie en application du paragraphe (11.7) ou 85(2.1) tel qu’il s’applique au transfert, (ii) le coût des biens transférés pour la compagnie. Pour l’application de l’alinéa (c.1), du paragraphe (9), de la définition de bien d’assurance désigné au paragraphe (12) et des alinéas (12)(d), e) et f), le surplus d’apport de la compagnie qui résulte du transfert est réputé égal à l’excédent éventuel du total déterminé en application de l’alinéa a) sur le total déterminé en application de l’alinéa b). Calcul du revenu d’un assureur non-résident (11.91) Si, à un moment donné d’une année d’imposition donnée, un assureur non-résident commence à exploiter une entreprise d’assurance au Canada et, si, immédiatement avant ce moment, l’assureur n’exploitait pas une telle entreprise ou avait cessé, en application de la loi fédérale ou de tout texte pris ou approuvé en vertu de cette loi et ayant force de loi, d’être exonéré de l’impôt prévu à la présente partie sur tout revenu tiré de telle entreprise, les règles suivantes s’appliquent au calcul de son revenu pour l’année donnée : a) l’assureur est réputé avoir une année d’imposition se terminant immédiatement avant le début de l’année donnée; b) pour l’application de l’alinéa (4)a), du paragraphe (9), de la définition de bien d’assurance désigné au paragraphe (12) et des alinéas (12)d), e) et f), l’assureur est réputé avoir exploité l’entreprise au Canada (f) [Repealed, 2013, c. 34, s. 286] (d) for the purpose of computing the income of the vendor and the purchaser for taxation years ending after that time, (i) le vendeur et l’acheteur sont réputés avoir, outre leur année d’imposition normale, une année d’imposition se terminant immédiatement avant ce moment, (ii) pour les années d’imposition du vendeur et de l’assureur suivant ce moment, l’entreprise ou la branche d’activité, selon le cas, dont le vendeur dispose en faveur de l’acheteur et les obligations que celui-ci assume sont réputées faire l’objet d’une disposition ou être assumées, selon le cas, le dernier jour de l’année d’imposition visée au sous-alinéa (i); b) pour le calcul du revenu du vendeur et de l’acheteur pour les années d’imposition se terminant après ce moment, les montants suivants sont réputés être payés ou payables ou reçus ou à recevoir par le vendeur ou l’acheteur dans le cadre de l’exploitation de l’entreprise ou de la branche d’activité : (i) le montant payé ou payable par le vendeur à l’acheteur au titre des obligations, (ii) la commission payée ou payable par l’acheteur au vendeur au titre du montant visé au sous-alinéa (i); c) le vendeur qui dispose de la totalité, ou presque, d’une entreprise d’assurance au Canada est réputé, pour l’application de l’article 219, cesser d’exploiter cette entreprise à ce moment. Bien acquis en cas de défaut de paiement (11.93) Dans le cas où, à un moment donné de l’année d’imposition d’un assureur, la propriété effective d’un bien est acquise ou acquise de nouveau par suite du défaut de payer tout ou partie d’un montant (appelé « créance de l’assureur » au présent paragraphe) dû à l’assureur à ce moment au titre d’une obligation, d’une créance hypothécaire, d’une convention de vente ou d’une autre créance de l’assureur, les règles suivantes s’appliquent : (11.94) Where a) l’article 79.1 ne s’applique pas à l’acquisition ou à la nouvelle acquisition; b) l’assureur est réputé avoir acquis le bien ou l’avoir acquis de nouveau pour un montant égal à sa juste valeur marchande immédiatement avant ce moment; c) l’assureur est réputé avoir disposé, à ce moment, de la partie de la créance que représente la créance de l’assureur pour un produit de disposition égal à cette juste valeur marchande et avoir acquis de nouveau, immédiatement après ce moment, cette partie de créance à un coût nul; d) l’acquisition ou la nouvelle acquisition est réputée être sans effet sur la forme de la créance; e) aucun montant n’est déductible au titre de la créance de l’assureur en application de l’alinéa 20(1)l) dans le calcul du revenu de l’assureur pour l’année ou pour une année d’imposition postérieure. Transfert d’une entreprise d’assurance par un assureur résident (11.94) Les alinéas (11.5)e) à m) et les paragraphes (11.7) à (11.9) s’appliquent dans le cas où, à la fois : a) un assureur résident au Canada — appelé « cédant » au présent paragraphe — cesse, à un moment donné d’une année d’imposition, d’exploiter la totalité ou presque de l’entreprise d’assurance qu’il exploitait au Canada au cours de cette année; b) le cédant transfère, à ce moment ou dans les 60 jours qui suivent, à une société résidant au Canada (appelée « cessionnaire » au présent paragraphe) et qui est sa société liée admissible, au sens du paragraphe 219(8), et qui, immédiatement après ce moment, comme contrepartie, émet des biens en capital-actions du cessionnaire : (i) si le cédant est un assureur sur la vie qui exploite une entreprise d’assurance au Canada et à l’étranger au cours de l’année, la totalité ou la presque totalité des biens (appelés « biens transférés » au paragraphe (11.5)) qui lui appartiennent à ce moment et qui étaient des biens désignés d’assurance désignés relatifs à l’entreprise pour l’année d’imposition qui, par l’effet de l’alinéa (11.5)h), s’est terminée immédiatement avant ce moment, (ii) dans les autres cas, la totalité ou la presque totalité des biens lui appartenant à ce moment qu’il utilise ou détient pendant l’année dans le cadre de Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
paragraphs 138(11.5)(e) to 138(11.5)(m) and subsections 138(11.7) to 138(11.9) apply in respect of the transfer. Definitions accumulated 1968 deficit [Repealed, 1997, c. 25, s. 39(16)] Canada security [Repealed, 1995, c. 21, s. 57(15)] cost [Repealed, 1995, c. 21, s. 57(15)] Impôt sur le revenu
Compagnies d’assurance
l’exploitation de cette entreprise d’assurance au Canada au cours de cette année (appelés « biens transférés » au paragraphe (11.5)); c) le cessionnaire assume ou réassure, à ce moment ou au cours des 60 jours qui suivent, la totalité, ou presque, des obligations du cédant survenues dans le cadre de l’exploitation de cette entreprise; d) le cédant et le cessionnaire font le choix prévu au paragraphe (11.6) sur le formulaire prescrit. Définitions
Les définitions qui suivent s’appliquent au présent article. année de base L’année d’imposition d’un assureur qui précède son année transitoire. (base year) année transitoire La première année d’imposition d’un assureur qui commence après 2022. (transition year) assurance Relativement à un risque, s’entend notamment de sa réassurance. (insurance) autorité compétente Quant à un assureur : a) le surintendant des institutions financières, si l’assureur est légalement tenu de s’y rapporter; b) dans les autres cas, le surintendant des assurances ou autre administration ou agent assimilé de la province où l’assureur a été constitué. (relevant authority) avance sur police Avance qu’un assureur consent, à un moment donné, à un titulaire de police conformément aux modalités d’une police d’assurance-vie au Canada. (policy loan) bien d’assurance désigné En ce qui concerne l’année d’imposition d’un assureur (sauf celui résidant au Canada qui n’a exploité d’entreprise d’assurance-vie à un moment de l’année) qui, au cours de l’année, exploite une entreprise d’assurance au Canada et à l’étranger, bien déterminé en conformité avec les règles prévues au règlement. Toutefois, pour son application à une année d’imposition, l’expression bien d’assurance désigné pour l’année d’imposition 1998 ou une année d’imposition antérieure s’entend d’un bien qui était, aux termes du présent paragraphe dans sa version applicable aux deposit accounting insurance policy in respect of an insurer’s taxation year means an insurance policy of the insurer that, according to International Financial Reporting Standards, is not an insurance contract for that taxation year; (police d’assurance à comptabilité de dépôt) A + B + C + D + E + F - G where (a) taxable dividends, and années d’imposition terminées en 1996, un bien utilisé ou détenu pendant l’année par un assureur dans le cadre de l’exploitation d’une entreprise d’assurance au Canada. (designated insurance property) biens non réservés Biens d’un assureur autres que les biens inclus dans un fonds réservé. (non-segregated property) biens utilisés ou détenus par lui pendant l’année [Abrogée, 1997, ch. 25, art. 39(16)] coût [Abrogée, 1995, ch. 21, art. 57(5)] déficit accumulé pour 1968 [Abrogée, 1997, ch. 25, art. 39(16)] entreprise d’assurance étrangère désignée Relativement à un assureur sur la vie résident au Canada au cours d’une année d’imposition, entreprise d’assurance qu’il exploite à l’étranger au cours de l’année, sauf si plus de 90 % du revenu tiré de l’entreprise pour l’année provient de l’assurance de risques (moins les risques cédés à un réassureur) se rapportant à des risques autres que des risques canadiens déterminés et à des personnes avec lesquelles l’assureur traite sans lien de dépendance. (designated foreign insurance business) excédent de la déduction au titre de participations de polices en 1975-76 [Abrogée, 2013, ch. 34, art. 286] excédent de la déduction pour amortissement en 1975-76 [Abrogée, 2013, ch. 34, art. 286] excédent de la provision pour fluctuation des valeurs en 1975-76 [Abrogée, 2013, ch. 34, art. 286] excédent de la provision pour participations de polices en 1975-76 [Abrogée, 2013, ch. 34, art. 286] excédent de la provision supplémentaire pour polices collectives d’assurance temporaire en 1975-76 [Abrogée, 2013, ch. 34, art. 286] excédent des provisions pour polices en 1975-76 [Abrogée, 2013, ch. 34, art. 286] fonds excédentaire résultant de l’activité Le fonds excédentaire résultant de l’activité d’un assureur à la fin d’une année d’imposition donnée correspond au montant calculé selon la formule suivante : (A + B + C) – (D + E + F + G) où : C D E F V - W where G (revenus bruts de placements) A représente le total des revenus de l’assureur, pour chaque année d’imposition comprise dans la période commençant par son année d’imposition 1969 et se terminant par l’année en question, tirés de toutes les entreprises d’assurance qu’il exploitait; B le total des sommes dont chacune représente une partie de la perte autre qu’une perte en capital qui était réputée, en vertu du paragraphe 111.7(1) dans sa version applicable à l’année d’imposition 1976, avoir été déductible dans le calcul du revenu de l’assureur pour une année d’imposition ayant pris fin avant 1977; C le total des bénéfices ou gains qu’a réalisés l’assureur au cours de cette période relativement à des biens non réservés dont il a disposé et utilisés ou détenus par lui dans le cadre de l’exploitation d’une entreprise d’assurance au Canada, sauf dans la mesure où ces bénéfices ou gains ont été ou sont inclus dans le calcul du revenu net de l’assureur pour toute année d’imposition comprise dans cette période, provenant de l’exploitation d’une entreprise d’assurance; D le total des pertes de l’assureur pour chaque année d’imposition comprise dans cette période, relativement à des biens non réservés qu’il a utilisés ou détenus dans le cadre de l’exploitation d’une entreprise d’assurance au Canada; E le total des pertes subies par l’assureur au cours de cette période relativement à des biens non réservés dont il a disposé et utilisés ou détenus par lui dans le cadre de l’exploitation d’une entreprise d’assurance au Canada, sauf dans la mesure où ces pertes ont été ou sont incluses dans le calcul de toute déduction pour perte de l’assureur pour toute année d’imposition comprise dans cette période, provenant de l’exploitation d’une entreprise d’assurance; F le total des montants suivants : a) les impôts payables par l’assureur en vertu de la présente partie, plus l’impôt sur le revenu payable par lui en vertu des lois de chacune des provinces, pour chaque année d’imposition de la période, à l’exception de la fraction de ces impôts qui, n’eût été le paragraphe (7), n’aurait pas été payable par lui, b) les impôts payables par l’assureur en vertu des parties I.3 et VI pour chaque année d’imposition de la période, G le total des dons que l’assureur a faits au cours de la période considérée à un donataire reconnu. fonds réservé S’entend au sens du paragraphe 138.1(1). assumed reinsurance risk; (groupe de contrats d’assurance-vie) group of segregated fund policies of an insurer means a group of insurance contracts of the insurer that includes only segregated fund policies (within the meaning assigned by paragraph 138.1(1)(a)); (groupe de polices à fonds réservé) (D) cash flows in respect of funds withheld arrangements, maximum tax actuarial reserve for a particular class of life insurance policy for a taxation year of a life insurer means, except as otherwise expressly prescribed, the maximum amount allowable under subparagraph 138(3)(a)(i) as a policy reserve for the year in respect of policies of that class; (provision actuarielle maximale aux fins d’impôt) contrats de réassurance détenus par l’assureur, à la fin de l’année d’imposition, s’entend de la marge sur services contractuels pour le groupe qui est le plus élevé des montants positifs ou négatifs suivants : a) celui qui serait déclaré à la fin de l’année d’imposition relativement au groupe s’il était déterminé compte non tenu des sommes visées aux sous-alinéas a)(i) à (iii) de la définition de passif au titre de la couverture restante au présent paragraphe; b) celui qui serait déterminé à la fin de l’année d’imposition relativement au groupe en conformité avec les normes internationales d’information financière (IFRS) au moyen d’hypothèses raisonnables dans les circonstances s’il était déterminé compte non tenu des sommes visées aux sous-alinéas a)(i) à (iii) de la définition de passif au titre de la couverture restante au présent paragraphe. (contractual service margin) montant au titre des contrats de réassurance détenus Pour un groupe de contrats de réassurance détenus par un assureur à la fin d’une année d’imposition, correspond au moins élevé du montant positif ou négatif indiqué à cet alinéa et du montant au titre des contrats de réassurance détenus au présent paragraphe. a) serait déclaré à la fin de l’année d’imposition si le montant était déterminé compte non tenu des sommes visées aux sous-alinéas a)(i) à (iii) de la définition de passif au titre de la couverture restante au présent paragraphe; b) serait déterminé à la fin de l’année d’imposition en conformité avec les normes internationales d’information financière (IFRS) au moyen d’hypothèses raisonnables dans les circonstances, si le montant était déterminé compte non tenu des sommes visées aux sous-alinéas a)(i) à (iii) de la définition de passif au titre de la couverture restante au présent paragraphe. (reinsurance contracts held amount) montant payable S’agissant du montant payable, à un moment donné, à l’égard d’une police, le montant de l’avance sur police et de l’intérêt y afférent qui est exigible à ce moment. (amount payable) montant transitoire Le montant transitoire d’un assureur relativement à une entreprise d’assurance qu’il exploite au cours de son année transitoire s’entend de la somme positive ou négative obtenue par la formule suivante : A + B - C - D - E - F + G + H où : Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
1975 branch accounting election deficiency [Repealed, 2013, c. 34, s. 286] 1975-76 excess additional group term reserve [Repealed, 2013, c. 34, s. 286] 1975-76 excess capital cost allowance [Repealed, 2013, c. 34, s. 286] 1975-76 excess investment reserve [Repealed, 2013, c. 34, s. 286] 1975-76 excess policy dividend deduction [Repealed, 2013, c. 34, s. 286] 1975-76 excess policy dividend reserve [Repealed, 2013, c. 34, s. 286] 1975-76 excess policy reserves [Repealed, 2013, c. 34, s. 286] non-segregated property of an insurer means its property other than property included in a segregated fund; (biens non réservés) qualified related corporation of a non-resident insurer has the meaning assigned by subsection 219(8); (société liée admissible) A représente la somme maximale que l’assureur pourrait déduire en application du sous-alinéa (3a)(i) pour son année de base relativement à une provision technique pour ses groupes de contrats d’assurance vie au Canada à la fin de l’année de base si, à la fois : a) les normes internationales d’information financière (IFRS) qui se sont appliquées à lui aux fins d’évaluation de ses actifs et passifs pour son année transitoire s’étaient appliquées à lui pour son année de base; b) les articles 1400 et 1406 du Règlement de l’impôt sur le revenu, dans leur version applicable à l’année transitoire de l’assureur, s’appliquaient à son année de base; B la somme maximale que l’assureur pourrait déduire en application de l’alinéa 20(7c) pour son année de base relativement à une provision technique pour ses groupes de contrats d’assurance vie au Canada à la fin de l’année de base si, à la fois : a) les normes internationales d’information financière (IFRS) qui se sont appliquées à lui aux fins d’évaluation de ses actifs et passifs pour son année transitoire s’étaient appliquées à lui pour son année de base; b) les articles 1400 et 1402 du Règlement de l’impôt sur le revenu, dans leur version applicable à l’année transitoire de l’assureur, s’appliquaient à son année de base; C la somme maximale que l’assureur peut déduire en application des sous-alinéas (3a)(i) et (ii) dans leur version applicable aux années d’imposition qui commencent avant 2023 à titre de provision technique pour son année de base; D la somme maximale que l’assureur peut déduire en application de l’alinéa 20(7c) à titre de provision technique pour son année de base; E la somme qui serait incluse en application de l’alinéa (4b) dans le calcul du revenu de l’assureur pour son année de base relativement à ses groupes de contrats d’assurance-vie au Canada à la fin de l’année de base si, à la fois : a) les normes internationales d’information financière (IFRS) qui se sont appliquées à lui aux fins d’évaluation de ses actifs et passifs pour son année transitoire s’étaient appliquées à lui pour son année de base; b) les articles 1404 et 1406 du Règlement de l’impôt sur le revenu dans leur version applicable à l’année transitoire de l’assureur, s’appliquaient à son année de base. A + B − C − D − E − F + G + H where F la somme qui serait incluse en application de l’alinéa 12(1)e.1) dans le calcul du revenu de l’assureur pour son année de base si, à la fois : a) les normes internationales d’information financière (IFRS) qui se sont appliquées à lui aux fins d’évaluation de ses actifs et passifs pour son année transitoire s’étaient appliquées à lui pour son année de base; b) les articles 1404 et 1402 du Règlement de l’impôt sur le revenu dans leur version applicable à l’année transitoire de l’assureur, s’appliquaient à son année de base; G la somme qui serait incluse en application de l’alinéa 4(b) dans le calcul du revenu de l’assureur pour son année d’imposition (qui commencent avant 2023) dans le calcul du revenu de l’assureur pour son année de base relativement à ses polices d’assurance-vie, H la somme incluse en application de l’alinéa 12(1)e.1) dans le calcul du revenu de l’assureur pour son année de base. (reserve transition amount) obligation envers les titulaires de polices Quant à assurer à la fin d’une année d’imposition, s’entend du montant déclaré à être obligatoire envers les titulaires de polices à la fin de l’année. (policyholders’ liabilities) passif au titre de la couverture restante Pour un groupe de contrats d’assurance d’un assureur à la fin d’une année d’imposition, correspond au même niveau du montant positif ou négatif du passif au titre de la couverture restante pour le groupe qui, selon le cas : a) serait déclaré à la fin de l’année d’imposition si le montant était déterminé compte non tenu : (i) des éléments projetés suivants : (A) les impôts sur le revenu et le capital (sauf l’impôt payable en vertu de la partie XII.3), (B) les impôts sur les primes non déductibles en vertu de la partie I, (C) les sommes non déductibles après l’année d’imposition dans le calcul du revenu en vertu de la partie I, (D) les flux de trésorerie relativement aux accords de fonds retenus, (ii) des sommes payables qui sont déductibles pour l’année d’imposition, ou pour une année d’imposition antérieure, dans le calcul du revenu en vertu de la partie I, (montant transitoire) segregated fund has the meaning given that expression in subsection 138.1(1); (fonds réservé) specified Canadian risk has the same meaning as in paragraph 95(2)(a.23); (risques canadiens déterminés) (iii) des sommes à recevoir dans la mesure où elles ont été incluses pour l’année d’imposition, ou pour une année d’imposition antérieure, dans le calcul du revenu en vertu de la partie I, b) serait déterminé à la fin de l’année d’imposition en conformité avec les normes internationales d’information financière (IFRS) au moyen d’hypothèses raisonnables dans les circonstances si le montant était déterminé compte non tenu des sommes visées aux sous-alinéas a)(i) à (iii). (liability for remaining coverage) passif au titre des sinistres survenus Pour un contrat d’assurance d’un assureur à la fin de son année d’imposition, correspond au moins élevé du montant positif ou négatif du passif au titre des sinistres survenus pour le groupe qui, selon le cas : a) serait déclaré à la fin de l’année d’imposition si ce montant était déterminé compte non tenu des sommes visées aux sous-alinéas a)(i) à (iii) de la définition de passif au titre de la couverture restante au présent paragraphe; b) serait déterminé à la fin de l’année d’imposition en conformité avec les normes internationales d’information financière (IFRS) au moyen d’hypothèses raisonnables dans les circonstances si le montant était déterminé compte non tenu des sommes visées aux sous-alinéas a)(i) à (iii). (liability for incurred claims) police d’assurance à comptabilité de dépôt Police d’assurance d’un assureur qui, selon les normes internationales d’information financière (IFRS), n’est pas un contrat d’assurance pour une année d’imposition de l’assureur. (deposit accounting insurance policy) police d’assurance-vie Sont compris dans les polices d’assurance-vie les contrats de rentes et les contrats relativement auxquels le montant de tout ou partie des provisions de l’assureur varie selon la juste valeur marchande d’un groupe déterminé d’éléments d’actif. (life insurance policy) police d’assurance-vie au Canada Police d’assurance-vie établie ou souscrite par un assureur sur la vie d’une personne qui résidait au Canada au moment de l’établissement ou de la souscription de la police. (life insurance policy in Canada) police d’assurance-vie avec participation Police d’assurance-vie en vertu de laquelle l’assuré a le droit de participer (autrement que sous forme de remboursement de (A + B + C) – (D + E + F + G) where G is the total of all gifts made in the period by the insurer to a qualified donee; (fonds excédentaire résultant de l’activité) surprime d’expérience) aux bénéfices de l’assureur, autres que ceux relatifs à des biens d’un fonds réservé. (participating life insurance policy) police exclue Police d’assurance d’un assureur qui serait une police d’assurance à compatibilité de dépôt pour l’année de base de l’assureur si les normes internationales d’information financière (IFRS) s’appliquaient à cette année. (excluded policy) provision actuarielle maximale aux fins d’impôt Relativement à une catégorie particulière de polices d’assurance-vie pour une année d’imposition d’un assureur sur la vie, s’entend, sauf disposition contraire expresse, de la somme maximale déductible en vertu du sous-alinéa (3)a)(i) au titre des provisions, pour l’année, afférentes aux polices de cette catégorie. (maximum tax actuarial reserve) revenus bruts de placements Les revenus bruts de placements d’un assureur pour une année d’imposition correspondent au montant calculé selon la formule suivante : A + B + C + D + E + F - G où : A représente le total des montants suivants inclus dans son revenu brut pour l’année : a) les dividendes imposables, b) les montants reçus ou à recevoir à titre ou en paiement intégral ou partiel d’intérêts, de loyers ou de redevances, à l’exception des montants relatifs à des titres de créance à l’égard desquels le paragraphe 42.3(1) s’applique pour l’année; B le revenu, pour l’année, qu’il a tiré de chaque fiducie dont il est bénéficiaire; C le revenu, pour l’année, qu’il a tiré de chaque société de personnes dont il est un associé; D le total des montants inclus, en application du paragraphe 16(1), dans le calcul de son revenu pour l’année; E le total des montants suivants : a) les sommes à inclure, en application de l’alinéa 42.3(1)a), dans le calcul de son revenu pour l’année, b) les sommes à inclure, en application des paragraphes 12(3) ou (20.14), dans le calcul de son revenu pour l’année, sauf dans la mesure où il s’agit de sommes incluses dans le calcul de l’élément A; F le montant calculé selon la formule suivante : V - W Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
IFRS reference Impôt sur le revenu
Compagnies d’assurance
où : V représente le total des montants inclus en application de l’alinéa 56(1)d) dans le calcul de son revenu pour l’année, W le total des montants déduits en application de l’alinéa 60a) dans ce calcul; G le total des montants représentant chacun : a) un montant réputé, par le sous-alinéa 16(6)a)(ii), payé par l’assureur pour l’année à titre d’intérêts, b) un montant déductible, en application de l’alinéa 142.3(1)b), dans le calcul du revenu de l’assureur pour l’année. (gross investment revenue) risques canadiens déterminés S’entend au sens de l’alinéa 95(2)a).23. (specified Canadian risk) société liée admissible S’agissant de la société liée admissible d’un assureur non-résident, s’entend au sens du paragraphe 219(8). (qualified related corporation)
Actif et passif (12.1) Il est entendu que pour ce qui est de déterminer le montant de : a) la marge sur services contractuels, le passif au titre des sinistres survenus et le passif au titre de la couverture restante pour un groupe de contrats d’assurance d’un assureur, le montant correspond : (i) à une valeur positive si le montant est déclaré à titre de passif, (ii) à une valeur négative si le montant est déclaré à titre d’actif; b) la marge sur services contractuels et le montant au titre de contrats de réassurance détenus pour un groupe de contrats de réassurance détenus par un assureur, le montant correspond : (i) à une valeur positive si le montant est déclaré à titre d’actif, (ii) à une valeur négative si le montant est déclaré à titre de passif. Normes internationales d’information financière (12.2) Sauf disposition contraire, la mention « normes internationales d’information financière » au présent article renvoie aux normes internationales d’information Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
(d) in any other case, nil.
Where (d) under paragraph (c), (d), (k) or (l) of the definition tax basis in subsection 142.4(1) in determining the tax basis of a debt obligation to the insurer, or (e) under paragraph (c), (d), (f) or (h) of the definition amortized cost in subsection 248(1) in determining the amortized cost of a debt obligation to the insurer. Meaning of certain expressions Transition year income inclusion IFRS transition — reversals b) les montants inclus ou déduits pour l’année, en application des alinéas c), d), f) ou h) de la définition de coût amorti au paragraphe 248(1), dans le calcul du coût amorti d’un titre de créance pour l’assureur. Sens de certaines expressions
Pour l’application du paragraphe (13), les expressions « actifs canadiens déterminés », « fonds de placement canadien pour une année d’imposition » et « valeur pour l’année d’imposition » s’entendent au sens du règlement. Non-application de la définition
Dans l’interprétation de police d’assurance collective temporaire, au présent article, la définition de police collective d’assurance temporaire au titre du paragraphe 248(1) ne s’applique pas. Somme à inclure dans le revenu — année transitoire
Est à inclure dans le calcul du revenu d’un assureur pour son année transitoire provenant d’une entreprise d’assurance qu’il exploite au cours de cette année le montant positif de son montant transitoire relativement à cette entreprise. Somme à déduire du revenu — année transitoire
Est à déduire dans le calcul du revenu d’un assureur pour son année transitoire provenant d’une entreprise d’assurance qu’il exploite au cours de cette année la valeur absolue du montant négatif de son montant transitoire relativement à cette entreprise. Passage aux normes IFRS — annulations (17.1) Pour l’application des paragraphes (18) et (19) à un assureur pour son année d’imposition relativement aux normes internationales d’information financière (IFRS) : a) la mention de « provision technique » à l’élément C de la formule figurant à la définition de montant transitoire au paragraphe (12) vaut mention de « provision technique déterminée compte non tenu des polices exclues de l’assureur »; b) l’élément D de la formule figurant à la définition de montant transitoire au paragraphe (12) vaut mention de :
1 – D.2 where Transition year income inclusion reversal A × B/1825 where Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
A × B/1825 where Winding-up Impôt sur le revenu
Compagnies d’assurance
cette entreprise, la somme obtenue par la formule suivante : A × B/1825 où : A représente la somme déduite en application du paragraphe (17) dans le calcul du revenu de l’assureur pour l’année transitoire provenant de l’entreprise; B le nombre de jours de l’année d’imposition en cause qui sont antérieurs au jour qui suit de 1825 jours le premier jour de l’année transitoire. Liquidation
Si un assureur est liquidé dans une autre société (appelée « société mère » au présent paragraphe) dans le cadre d’une liquidation à laquelle le paragraphe 88(1) s’applique et que la société mère exploite une entreprise d’assurance immédiatement après la liquidation, pour l’application des paragraphes (18) et (19) au calcul des revenus de l’assureur et de la société mère pour des années d’imposition données se terminant au plus tôt le premier jour (appelé « date de début » au présent paragraphe) où des éléments d’actif de l’assureur ont été distribués à la société mère lors de la liquidation, les règles suivantes s’appliquent : a) en ce qui a trait aux sommes ci-après, la société mère est réputée être la même société que l’assureur, et en être la continuation, à compter de la date de début : (i) toute somme incluse en application du paragraphe (16), ou déduite en application du paragraphe (17), dans le calcul du revenu de l’assureur provenant d’une entreprise d’assurance pour son année transitoire, (ii) toute somme déduite en application du paragraphe (18), ou incluse en application du paragraphe (19), dans le calcul du revenu de l’assureur provenant d’une entreprise d’assurance pour une année d’imposition de celui-ci commençant avant la date de début, et (iii) toute somme qui — en l’absence du présent paragraphe et à supposer que l’assureur existe, et exploite une entreprise d’assurance, chaque jour qui correspond à la date de début ou à une date postérieure où la société mère exploite une entreprise d’assurance — serait à déduire en application du paragraphe (18), ou à inclure en application du paragraphe (19), relativement à ces jours, dans le calcul du revenu de l’assureur provenant d’une entreprise d’assurance; b) l’assureur est, relativement à chacune de ses années d’imposition données, tenu de déterminer la valeur de B dans les formules des paragraphes (18) et (19) sans tenir compte de la date de début et des jours postérieurs à cette date. Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
Amalgamations Application of subsection (23) (a) subsection 138(11.5) or (11.94) applies to the transfer; or Impôt sur le revenu
Compagnies d’assurance
Fusions
S’il y a fusion, au sens du paragraphe 87(1), d’un assureur et d’une ou de plusieurs autres sociétés et que la société issue de la fusion (appelée « nouvelle société » au présent paragraphe) exploite une entreprise d’assurance immédiatement après la fusion, pour l’application des paragraphes (18) et (19) au calcul du revenu de la nouvelle société pour ses années d’imposition données commençant à la date de la fusion ou par la suite, la nouvelle société est réputée être la même société que l’assureur, et en être la continuation, à compter de cette date en ce qui a trait aux sommes suivantes : a) toute somme déduite en application du paragraphe (16), ou déduite en application du paragraphe (17), dans le calcul du revenu de l’assureur provenant d’une entreprise d’assurance pour son année de transition; b) toute somme déduite en application du paragraphe (18), ou incluse en application du paragraphe (19), dans le calcul du revenu de l’assureur provenant d’une entreprise d’assurance pour une année d’imposition commençant avant la date de la fusion; c) toute somme qui — en l’absence du présent paragraphe et à supposer que l’assureur existe, et exploite une entreprise d’assurance, chaque jour qui correspond à la date de la fusion ou à une date postérieure à laquelle la nouvelle société exploite une entreprise d’assurance — serait à déduire en application du paragraphe (18), ou à inclure en application du paragraphe (19), relativement à ces jours, dans le calcul du revenu de l’assureur provenant d’une entreprise d’assurance. Application du par. (23)
Le paragraphe (23) s’applique dans le cas où un assureur (appelé « cédant » au présent paragraphe et au paragraphe (23)) transfère à une société qui lui est liée (appelée « cessionnaire » au présent paragraphe et au paragraphe (23)) un bien relatif à une entreprise d’assurance qu’il exploite (appelée « entreprise transférée » au présent paragraphe et au paragraphe (23)) et où, selon le cas : a) le paragraphe 138(11.5) ou (11.94) s’applique au transfert; b) le paragraphe 85(1) s’applique au transfert, le transfert porte sur la totalité ou la presque totalité des Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
Impôt sur le revenu
Compagnies d’assurance
biens et des dettes de l’entreprise transférée et le cessionnaire exploite une entreprise d’assurance immédiatement après le transfert. Transfert d’entreprise d’assurance-vie
Dans le cas où le présent paragraphe s’applique relativement au transfert d’un bien, les règles suivantes s’appliquent : a) en ce qui a trait aux sommes ci-après, le cessionnaire est réputé être la même société que le cédant, et en être la continuation, à compter du moment du transfert : (i) toute somme incluse en application du paragraphe (16), ou déduite en application du paragraphe (17), dans le calcul du revenu du cédant pour son année transitoire — qui est raisonnablement attribuable à l’entreprise transférée, (ii) toute somme déduite en application du paragraphe (18), ou incluse en application du paragraphe (19), dans le calcul du revenu du cédant pour une année d’imposition du cédant qui commence avant ce moment — qui est raisonnablement attribuable à l’entreprise transférée, (iii) toute somme qui — en l’absence du présent paragraphe et à supposer que le cédant existe, et exploite une entreprise d’assurance, chaque jour qui comprend ce moment ou est postérieur et au cours duquel le cessionnaire exploite une entreprise d’assurance — serait à déduire en application du paragraphe (18), ou à inclure en application du paragraphe (19), relativement à ces jours, dans le calcul du revenu du cédant et qu’il est raisonnable d’attribuer à l’entreprise transférée; b) pour déterminer, relativement au jour qui comprend le moment donné et à tout jour postérieur, toute somme à déduire en application du paragraphe (18), ou à inclure en application du paragraphe (19), dans le calcul du revenu du cédant pour chaque année d’imposition donnée provenant de l’entreprise transférée, la valeur de l’élément A des formules figurant à ces paragraphes est réputée être nulle. Cessation de l’exploitation d’une entreprise
Lorsqu’un assureur cesse d’exploiter la totalité ou la quasi-totalité d’une entreprise d’assurance (appelée « entreprise discontinue » au présent paragraphe) et qu’aucun des paragraphes (20) à (22) ne s’applique, les règles ci-après s’appliquent : a) la somme obtenue par la formule ci-après est à déduire dans le calcul du revenu de l’assureur provenant A - B where C - D where Ceasing to exist de l’entreprise discontinuée pour son année d’imposition qui comprend le moment immédiatement avant la cessation de l’exploitation : A - B où : A représente la somme incluse en application du paragraphe (16) dans le calcul du revenu de l’assureur provenant de l’entreprise discontinuée pour son année transitoire, B le total des sommes représentant chacune une somme déduite en application du paragraphe (18) dans le calcul du revenu de l’assureur provenant de l’entreprise discontinuée pour une année d’imposition ayant commencé avant la cessation de l’exploitation; b) la somme obtenue par la formule ci-après est à inclure dans le calcul du revenu de l’assureur provenant de l’entreprise discontinuée pour son année d’imposition qui comprend le moment immédiatement avant la cessation de l’exploitation : C - D où : C représente la somme déduite en application du paragraphe (17) dans le calcul du revenu de l’assureur provenant de l’entreprise discontinuée pour son année transitoire, D le total des sommes représentant chacune une somme incluse en application du paragraphe (19) dans le calcul du revenu de l’assureur provenant de l’entreprise discontinuée pour une année d’imposition ayant commencé avant la cessation de l’exploitation. Cessation de l’existence
L’assureur qui, ayant exploité une entreprise d’assurance, cesse d’exister autrement que par suite d’une liquidation visée au paragraphe (20) ou d’une fusion visée au paragraphe (21) est réputé, pour l’application du paragraphe (24), avoir cessé d’exploiter l’entreprise au premier en date des moments suivants : a) le moment (déterminé compte non tenu du présent paragraphe) où il a cessé d’exploiter l’entreprise; b) le moment immédiatement avant la fin de sa dernière année d’imposition qui a pris fin au plus tard au moment où il a cessé d’exister. Income Tax PART I Income Tax DIVISION 8 Special Rules Applicable in Certain Circumstances Sections 138-138.1
[Repealed, 2022, c. 19, s. 26] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 138; 1994, c. 7, Sch. II, s. 114; c. 21, s. 46; 1995, c. 21, ss. 89, 97; 1997, c. 25, s. 93; 2001, c. 17, ss. 232, 318; 2005, c. 12, s. 49; 2010, c. 25, s. 33; 2011, c. 24, s. 48; 2014, c. 39, ss. 135, 286; 2017, c. 33, s. 53; 2022, c. 19, s. 26. Impôt sur le revenu
Compagnies d’assurance
[Abrogé, 2022, ch. 19, art. 26] [NOTE : Les dispositions d’application ne sont pas incluses dans le présent codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 138; 1994, ch. 7, ann. II, art. 114; ch. 21, art. 46; 1995, ch. 21, art. 89 et 97; 1997, ch. 25, art. 93; 2001, ch. 17, art. 232 et 318; 2005, ch. 12, art. 49; 2010, ch. 25, art. 33; 2011, ch. 24, art. 48; 2014, ch. 39, art. 135 et 286; 2017, ch. 33, art. 53; 2022, ch. 19, art. 26. Règles concernant les fonds réservés
a) une fiducie (appelée « fiducie créée à l’égard du fonds réservé » au présent article et à l’article 138.2) est réputée être établie au dernier en date des moments suivants : (i) le jour de la création du fonds réservé, (ii) le jour où commence l’année d’imposition 1978 de l’assureur, et continuer d’exister pendant toute la période au cours de laquelle le fonds détermine une partie quelconque des prestations en vertu de telles polices (appelées « polices du fonds réservé » au présent article) dont le montant varie en fonction de la juste valeur marchande des biens du fonds réservé; b) les biens qui ont été affectés au fonds réservé et qui font toujours partie de ce fonds ainsi que tout revenu qui s’est accumulé sur ces biens sont réputés être les biens et le revenu de la fiducie créée à l’égard du fonds réservé et non les biens et le revenu de l’assureur; c) l’assureur est réputé être : (i) le fiduciaire qui possède ou contrôle les biens de la fiducie créée à l’égard du fonds réservé, (ii) un résident du Canada en ce qui concerne les biens de la fiducie créée à l’égard du fonds réservé qui sont utilisés ou détenus par elle dans le cadre de l’exploitation de son entreprise d’assurance-vie au Canada, (iii) un non-résident du Canada en ce qui concerne les biens de la fiducie créée à l’égard du fonds réservé qu’il n’ont pas été utilisés ou détenus par elle dans le cadre de l’exploitation de son entreprise d’assurance-vie au Canada; Income Tax PART I Income Tax DIVISION F Special Rules Applicable in Certain Circumstances
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Compagnies d’assurance
d) lorsque, à un moment donné, certains biens du fonds réservé n’ont pas été financés au moyen des primes payées en vertu d’une police à fonds réservé : (i) l’assureur est réputé avoir une participation dans la fiducie créée à l’égard du fonds réservé qui ne vise aucun bien donné ou source de revenu donnée, (ii) le coût de cette participation pour l’assureur, à un moment donné, est réputé être le total des montants suivants : (A) dans le cas d’un bien de la fiducie à ce moment que l’assureur a affecté au fonds réservé avant 1978, le montant qui représenteraient son prix de base rajusté, pour l’assureur, si la participation avait été une immobilisation à toute époque considérée avant 1978 et si les règles prévues au présent article s’appliquaient aux années d’imposition postérieures à 1971 et antérieures à 1978, (B) dans le cas d’un bien de la fiducie à ce moment que l’assureur a affecté au fonds réservé après 1977, la juste valeur marchande du bien au moment où l’assureur l’a affecté pour la dernière fois au fonds réservé; e) lorsque, à un moment donné, certains biens du fonds réservé ont été financés au moyen d’une partie des primes payées, avant ce moment, en vertu d’une police à fonds réservé : (i) le titulaire respectif de la police à fonds réservé est réputé posséder une participation dans la fiducie créée à l’égard du fonds réservé qui n’est pas afférente à des biens ou à une source de revenu donnés, (ii) le coût de cette participation est réputé être le total des montants suivants : (A) le montant qui représenterait le prix de base rajusté des biens pour l’assureur, au 31 décembre 1977, si la participation avait été une immobilisation à toute époque considérée avant 1978 et si les règles prévues au présent article (si le paragraphe (3) ne visait pas une perte en capital) s’appliquaient aux années d’imposition postérieures à 1971 et antérieures à 1978, (B) le total des montants dont chacun correspond à la partie d’une prime payée avant ce moment et après la date visée au sous-alinéa a)(ii) en vertu d’une police à fonds réservé que l’assureur a utilisée ou utilisera pour financer des biens qui ont été affectés au fonds réservé (autre que la partie de la prime qui représente des frais d’acquisition), (iii) la partie d’une prime incluse dans un fonds réservé est réputée ne pas être versée à l’égard d’une prime relative à la police; f) pour l’application des paragraphes 104(6), (13) et (24), le revenu imposable de la fiducie créée à l’égard du fonds réservé est réputé être devenu payable aux bénéficiaires au cours de l’année, et le montant payable à chacun d’eux est égal au montant déterminé en conformité avec les modalités de la police à fonds réservé; g) lorsque, à un moment donné, la juste valeur marchande des biens transférés par l’assureur au fonds réservé entraîne une augmentation, à ce moment, de la partie des provisions de l’assureur affectées à une police à fonds réservé détenue par le titulaire qui varie en fonction de la juste valeur marchande du fonds réservé, et ainsi qu’une diminution de la partie de ses provisions afférentes à la police qui ne varie pas de ce fait, le montant de cette augmentation est : (i) pour l’application de l’élément H de la formule figurant à la définition de coût de base rajusté au paragraphe 148(9), réputé être le produit de disposition que le titulaire de la police avait le droit de recevoir à ce moment, (ii) pour le calcul du prix de base rajusté, pour le titulaire de police, de sa participation dans la fiducie créée à l’égard du fonds réservé, ajouté à ce moment au coût, pour lui, de cette participation, (iii) pour le calcul du revenu de l’assureur, réputé être un versement prévu dans les modalités de la police à ce moment; h) lorsque, à un moment donné, la juste valeur marchande des biens transférés par l’assureur à partir du fonds réservé entraîne une augmentation, à ce moment, de la partie des provisions de l’assureur qui ne varie pas en fonction de la juste valeur marchande du fonds réservé, ainsi qu’une diminution de la partie de ses provisions afférentes à la police qui varie de ce fait, le montant de cette augmentation est, pour le calcul du revenu de l’assureur, réputé être une prime reçue par l’assureur à ce moment; i) lorsque, à un moment donné, le titulaire d’une police à fonds réservé dispose de tout ou partie de sa participation dans la fiducie créée à l’égard du fonds réservé, le produit de la multiplication de l’excédent Income Tax PART I Income Tax DIVISION I Special Rules Applicable in Certain Circumstances
éventuel des frais d’acquisition afférents à la police donnée sur le total des montants déterminés en vertu du présent alinéa à l’égard de la police donnée avant ce moment par le rapport entre : (i) d’une part, la juste valeur marchande de la participation qui a fait l’objet d’une disposition à ce moment, (ii) d’autre part, la juste valeur marchande de la participation du titulaire de police dans la fiducie à fonds réservé donnée immédiatement avant ce moment, est réputée être une perte en capital de la fiducie créée à l’égard du fonds réservé qui diminue d’autant les prestations du titulaire en vertu de sa police pour l’application du paragraphe (3); j) les obligations d’un assureur en ce qui concerne les prestations payables en vertu d’une police à fonds réservé et dont le montant varie en fonction de la juste valeur marchande des fonds réservés au moment où les prestations deviennent payables sont réputées être les obligations du fiduciaire de la fiducie créée à l’égard du fonds réservé et non celles de l’assureur et tout montant reçu par le titulaire de police ou que celui-ci a acquis le droit de recevoir, à un moment donné d’une année, à l’égard de ces obligations, est réputé être le produit de disposition d’une participation dans la fiducie créée à l’égard du fonds réservé; k) la mention des « modalités de l’acte de fiducie », à l’article 104 ou au paragraphe 127.2(3) est réputée viser également les modalités de la police à fonds réservé et le fiduciaire est réputé avoir désigné les montants visés dans cet article en conformité avec ces modalités; l) lorsque, à un moment donné, un assureur acquiert une action à titre de premier détenteur inscrit et attribue l’action à une fiducie ou à l’égard du fonds réservé, la fiducie est réputée avoir acquis l’action à ce moment à titre de premier détenteur inscrit pour le calcul de son crédit d’impôt à l’achat d’actions et l’assureur est réputé ne pas avoir acquis l’action pour le calcul de son crédit d’impôt à l’achat d’actions. Règles concernant les biens du fonds réservé à la fin de l’année d’imposition 1977
Lorsqu’un assureur détient, à la fin de son année d’imposition 1977, des biens relatifs à un fonds réservé, les règles suivantes s’appliquent : a) la fiducie créée à l’égard du fonds réservé est réputée avoir acquis les biens le jour déterminé en vertu de l’alinéa (1)a), à un coût égal au prix de base rajusté de Transition — pre-2018 non-capital losses (3.1) and (3.2) [Repealed, 2013, c. 34, s. 287] ces biens, pour l’assureur, ce jour-là, et cette opération est réputée être une opération effectuée entre personnes ayant un lien de dépendance; b) l’assureur est réputé avoir disposé des biens le jour visé à l’alinéa a) et en avoir tiré un produit égal au prix de base rajusté de ces biens, pour l’assureur, ce jour-là; c) pour le calcul du revenu de l’assureur pour son année d’imposition 1978, ce dernier est réputé avoir fait un versement à ses titulaires de police en acquittement de leurs droits en vertu de leurs polices à fonds réservés durant cette année égal à la fraction du montant déduit en vertu du sous-alinéa 138(3)a)(i) dans le calcul de son revenu pour son année d’imposition 1977 au titre de polices à fonds réservés. Mesure transitoire — pertes autres qu’en capital, préalables à 2018 (2.1) Pour le calcul du revenu imposable d’une fiducie créée à l’égard du fonds réservé pour une année d’imposition commençant après 2017, toute perte autre qu’une perte en capital qu’elle réalise au cours d’une année d’imposition commençant avant 2018 est réputée nulle. Gains et pertes en capital de fiducies créées à l’égard du fonds réservé
Un gain ou une perte en capital d’une fiducie créée à l’égard du fonds réservé qui résulte de la disposition d’un bien est réputé, dans la mesure où les prestations d’un titulaire de police en vertu de la police ou la participation d’un autre bénéficiaire dans la fiducie sont touchées par ce gain ou cette perte, être un gain en capital ou une perte en capital, selon le cas, du titulaire de police ou d’un autre bénéficiaire et non une perte ou un gain de la fiducie. (3.1) et (3.2) [Abrogés, 2013, ch. 34, art. 287] Choix et attributions
Lorsque, à un moment donné après 1977, un titulaire de police retire tout ou partie de ses intérêts dans une police à fonds réservé, le fiduciaire de la fiducie créée à l’égard du fonds réservé peut choisir, selon les modalités et la formule réglementaires, de considérer une immobilisation de la fiducie comme ayant été aliénée, auquel cas cette immobilisation est réputée avoir fait l’objet d’une disposition à la date désignée par le fiduciaire, pour un produit de disposition égal : a) à la juste valeur marchande de l’immobilisation à cette date; b) au prix de base rajusté, pour la fiducie, de l’immobilisation à cette date; exceeds exceeds c) à un montant qui n’est ni supérieur au plus élevé des montants déterminés en vertu des alinéas a) et b), ni inférieur au moins élevé des montants déterminés en vertu de ces alinéas, selon ce que désigne le fiduciaire, et avoir été acquise de nouveau par la fiducie immédiatement après, à un coût égal à ce produit, et lorsque le fiduciaire a fait un tel choix, les règles suivantes s’appliquent : d) le fiduciaire doit attribuer le montant du gain en capital ou de la perte en capital découlant de la disposition présumée à tout titulaire de police retirant tout ou partie de ses intérêts dans la police à ce moment, dans la mesure où le montant des prestations du titulaire en vertu de la police à ce moment est touché par le gain en capital ou la perte en capital relatif à des biens que détenait la fiducie créée à l’égard du fonds réservé à ce moment; e) l’attribution prévue à l’alinéa d) est réputée avoir été faite immédiatement avant le retrait; f) tout gain en capital qui n’est pas ainsi attribué est réputé attribué conformément aux modalités de la police; g) toute perte en capital qui n’est pas ainsi attribuée est réputée être une perte apparente pour chaque titulaire de police dans la mesure où les prestations en vertu de la police seraient touchées par la perte. Prix de base rajusté des biens d’une fiducie créée à l’égard du fonds réservé
À un moment donné, le prix de base rajusté de chaque immobilisation d’une fiducie créée à l’égard du fonds réservé est réputé être l’excédent éventuel du montant visé à l’alinéa a) sur le total visé à l’alinéa b) : a) le prix de base rajusté de l’immobilisation pour la fiducie immédiatement avant ce moment; b) le total des montants dont chacun correspond à un montant, à l’égard de la disposition par un titulaire de police de tout ou partie de sa participation dans la fiducie créée à l’égard du fonds réservé à ce moment, qui est égal au produit de la multiplication de l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le prix de base rajusté, pour le titulaire de la police, d’une telle participation à ce moment, (ii) le produit de disposition par le titulaire d’une telle participation dans la fiducie, Income Tax PART I Income Tax DIVISION 6 Special Rules Applicable in Certain Circumstances Sections 138.1-138.2 that exceeds Non-application of subsections (1) to (6) NOTE: Application provisions are not included in this consolidated text; see relevant amending Acts and regulations. R.S., 1985, c. 1 (5th Supp.), s. 138.1; 1994, c. 7, Sch. VIII, s. 80; 1999, c. 22, s. 13; 2006, c. 25, s. 22; 2012, c. 31, s. 35; 2013, c. 34, s. 287; 2014, c. 39, s. 47; 2017, c. 33, s. 54; 2022, c. 19, s. 27. Impôt sur le revenu
Compagnies d’assurance
par le rapport entre : (iii) d’une part, la juste valeur marchande de l’immobilisation à ce moment, (iv) d’autre part, le total des montants dont chacun correspond à la juste valeur marchande d’une immobilisation de la fiducie créée à l’égard du fonds réservé à ce moment. Définition de frais d’acquisition
Au présent article, frais d’acquisition s’entend de l’excédent éventuel du total des montants dont chacun correspond : a) à la partie d’une prime prélevée par l’assureur en vertu d’une police à fonds réservé qui ne fait pas partie du fonds réservé ou qu’il n’est pas raisonnable de considérer comme un montant nécessaire au financement d’un capital-décès ou d’un capital-échéance; b) au transfert du fonds réservé qui n’il n’est pas raisonnable de considérer comme un montant nécessaire au financement d’un capital-décès ou d’un capital-échéance, autre qu’un frais ou charge d’administration annuel; c) à une réduction du produit payable au titulaire de police en vertu d’une police à fonds réservé donnée, lors du rachat total ou partiel et qu’il est raisonnable de considérer comme des frais de rachat, sur : d) le total des montants dont chacun est la fraction d’un montant visé aux alinéas 138.1(6)a), 138.1(6)b) ou c) qu’il est raisonnable de considérer comme se rapportant à une participation dans le fonds réservé dont il a été disposé avant 1978. Non-application des paragraphes (1) à (6)
Les paragraphes (1) à (6) ne s’appliquent pas au titulaire d’une police à fonds réservé qui est établie ou souscrite à titre d’un CELIAPP, de régime de pension agréé collectif, de régime enregistré d’épargne-retraite, de fonds enregistré de revenu de retraite ou de compte d’épargne libre d’impôt. NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs applicables. L.R. (1985), ch. 1 (5e suppl.), art. 138.1; 1994, ch. 7, ann. VIII, art. 80; 1999, ch. 22, art. 13; 2006, ch. 25, art. 22; 2012, ch. 31, art. 35; 2013, ch. 34, art. 287; 2014, ch. 39, art. 47; 2017, ch. 33, art. 54; 2022, ch. 19, art. 27. Transfert admissible d’organismes de placement collectif
(d) any amount determined under subsection 138.1(6) in respect of a policyholder’s interest in the transferor is deemed Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
(b) the greater of (b) the greater of Impôt sur le revenu
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d) tout montant déterminé selon le paragraphe 138.1(6) relativement à la participation d’un titulaire de police dans le cédant est réputé, à la fois : (i) avoir été exigé, transféré ou payé relativement à la participation du titulaire dans le cessionnaire qui est acquise dans le cadre du transfert, (ii) ne pas avoir été exigé, transféré ou payé relativement à la participation du titulaire dans le cédant; e) les paragraphes 138.1(4) et (5) ne s’appliquent pas relativement à la disposition d’une participation dans le cédant découlant du transfert. Gains et pertes en capital — cédant
Relativement à un transfert admissible, chaque bien du cédant détenu immédiatement avant le moment du transfert est réputé avoir fait l’objet d’une disposition par le cédant immédiatement avant ce moment pour un produit de disposition, et avoir été acquis de nouveau par le cessionnaire à ce moment à un coût, égal au moins élevé des montants suivants : a) la juste valeur marchande du bien immédiatement avant le moment du transfert; b) le plus élevé des montants suivants : (i) le coût indiqué, pour le cédant, du bien immédiatement avant le moment du transfert, (ii) le montant qui est indiqué relativement au bien dans le formulaire faisant état du choix relatif au transfert. Gains et pertes en capital — cessionnaire
Relativement à un transfert admissible, chaque bien d’un cessionnaire détenu immédiatement avant le moment du transfert est réputé avoir fait l’objet d’une disposition par le cessionnaire immédiatement avant ce moment pour un produit de disposition, et avoir été acquis de nouveau par lui à ce moment, à un coût égal au moins élevé des montants suivants : a) la juste valeur marchande du bien immédiatement avant le moment du transfert; b) le plus élevé des montants suivants : (i) le coût indiqué, pour le cessionnaire, du bien immédiatement avant le moment du transfert, (ii) le montant qui est indiqué relativement au bien dans le formulaire faisant état du choix relatif au transfert. Income Tax PART I Income Tax DIVISION F Special Rules Applicable in Certain Circumstances Sections 138.2-139.1 Loss limitation Due date [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 139; 1994, c. 7, Sch. I, s. 734. Definitions Impôt sur le revenu
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Limitation des pertes
Le paragraphe 138.1(3) ne s’applique pas aux pertes en capital d’un organisme de placement collectif provenant de la disposition des biens dans le cadre d’un transfert admissible déterminé selon le paragraphe (3) ou (4) dans la mesure où le montant de ces pertes en capital dépasse le montant des gains en capital provenant de cette disposition. Date d’échéance du choix
La date d’échéance du choix visé à l’alinéa (1)d) correspond à la dernière des dates suivantes : a) la date qui est de six mois celle qui comprend le moment du transfert; b) la date indiquée par le ministre à cette fin, le cas échéant. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2017, ch. 33, art. 55. Conversion en mutuelle d’une compagnie d’assurance 139 Lorsqu’une compagnie d’assurance constituée au Canada affecte une somme au paiement de ses actions qu’elle a achetées ou acquises d’une autre façon aux termes d’une proposition de mutualisation sous le régime de la section III de la partie VI de la Loi sur les sociétés d’assurances ou en vertu d’une loi de la province prévoyant sa conversion en une mutuelle par l’achat de ses actions, conformément aux dispositions de cette loi : a) l’article 15 n’a pas pour effet d’exiger l’inclusion, dans le calcul du revenu d’un actionnaire de la compagnie, d’une partie quelconque de cette somme; b) aucune partie de cette somme n’est réputée, pour l’application du paragraphe 138(7), avoir été payée aux actionnaires ou, pour l’application de l’article 84, avoir été reçue à titre de dividende. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 139; 1994, ch. 7, ann. I, art. 734. Démutualisation des compagnies d’assurance Définitions
(d) the end of any other day that is acceptable to the Minister. (échéance) (ii) shareholders of the insurance corporation and holders of insurance policies to which the insurance corporation is a party. (société de portefeuille) action Est assimilé à l’action du capital-actions d’une société le droit consenti par celle-ci d’acquérir une action de son capital-actions. (share) avantage déterminé Avantage de transformation imposable qui prend l’une des formes suivantes : a) l’amélioration des avantages prévus par une police d’assurance; b) l’établissement d’une police d’assurance; c) l’engagement par une compagnie d’assurance de verser une participation de police; d) la réduction des primes qui seraient payables par ailleurs aux termes d’une police d’assurance. (specified insurance benefit) avantage de transformation Avantage reçu à l’occasion de la démutualisation d’une compagnie d’assurance en raison de la participation qu’une personne détenait, avant la démutualisation, dans une police d’assurance à laquelle la compagnie était partie. (conversion benefit) avantage de transformation imposable Avantage de transformation reçu par un intéressé à l’occasion de la démutualisation d’une compagnie d’assurance, à l’exception d’un avantage de transformation qui est : a) une action d’une catégorie du capital-actions de la compagnie; b) une action d’une catégorie du capital-actions d’une société qui est ou devient une société de portefeuille dans le cadre de la démutualisation; c) un droit de propriété dans une société mutuelle de portefeuille quant à la compagnie. (taxable conversion benefit) démutualisation La transformation d’une compagnie d’assurance à forme mutuelle en une société qui n’est pas à forme mutuelle. (demutualization) droits de propriété a) Quant aux droits de propriété qui portent sur une société mutuelle de portefeuille donnée, les droits et participations suivants détenus par une personne relativement à la société donnée en raison de la participation, actuelle ou ancienne, d’une personne dans une police d’assurance à laquelle est ou a été partie une compagnie d’assurance relativement à laquelle la société donnée est la société mutuelle de portefeuille : and (iii) any contingent or absolute right to receive a benefit in connection with the demutualization of the mutual insurance corporation. (droits de propriété) (a) an enhancement of benefits under an insurance policy; (b) an issuance of an insurance policy; échéance Quant à un paiement relatif à la démutualisation d’une compagnie d’assurance, le dernier en date des moments suivants : a) la fin du jour qui suit de 13 mois la démutualisation; b) lorsque le montant total du paiement dépend du produit du premier appel public à l’épargne visant les actions de la compagnie ou d’une société de portefeuille quant à elle, la fin du jour qui suit de 60 jours l’achèvement de l’appel; c) lorsque le paiement est effectué après l’échéance initiale et qu’il est raisonnable de conclure qu’il a été reporté après cette échéance du fait que, 60 jours avant cette échéance, on ne disposait pas des renseignements permettant de le verser raisonnablement, la fin du jour qui suit de six mois le moment où l’on obtient de tels renseignements; d) la fin de tout autre jour que le ministre estime acceptable. (deadline) échéance initiale Le moment qui correspondait à l’échéance d’un paiement s’il n’était pas tenu compte de l’alinéa c) de la définition de échéance. (initial deadline) Income Tax PART I Income Tax DIVISION IV Special Rules Applicable in Certain Circumstances
(avantage déterminé) (a) a share of a class of the capital stock of the corporation; Impôt sur le revenu
Démutualisation des compagnies d’assurance
intéressé Personne qui a reçu ou a le droit de recevoir un avantage de transformation, à l’exclusion d’une société de portefeuille dans le cadre de la démutualisation d’une compagnie d’assurance et d’une société mutuelle de portefeuille quant à cette compagnie dans ce cadre. (stakeholder) personne Sont assimilées à des personnes les sociétés de personnes. (person) société de portefeuille Société qui, à la fois : a) à l’occasion de la démutualisation d’une compagnie d’assurance, a émis des actions de son capital-actions à des intéressés; b) est propriétaire d’actions du capital-actions de la compagnie d’assurance qui ont été acquises à l’occasion de la démutualisation et qui lui confèrent au moins 90 % des voix pouvant être exprimées en toutes circonstances relatives aux actions à l’assemblée annuelle : (i) soit des actionnaires de la compagnie, (ii) soit des actionnaires de la compagnie et des titulaires de polices à l’assurance auxquelles elle est partie. (holding corporation) société mutuelle de portefeuille Quant à une compagnie d’assurance, compagnie mutuelle constituée en vue de détenir des actions du capital-actions de la compagnie d’assurance et à l’assemblée annuelle de laquelle seuls les titulaires de polices de la compagnie d’assurance ont droit de vote. (mutual holding corporation) Règles d’application générale
Les règles suivantes s’appliquent dans le cadre du présent article : a) sous réserve des alinéas b) à g), lorsque, dans le cadre de l’attribution d’un avantage découlant d’une démutualisation, une société s’engage, de façon absolue ou conditionnelle, à faire ou à faire faire un paiement, la personne auprès de laquelle elle s’est ainsi engagée se considère comme ayant reçu un avantage par suite de l’engagement et non par suite du versement du paiement; b) lorsque, dans le cadre de l’attribution d’un avantage découlant d’une démutualisation, une société fait un paiement (sauf celui, fait selon les modalités d’une police d’assurance, qui n’est pas une participation de police) au plus tard à l’échéance du paiement : Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
Impôt sur le revenu
Démutualisation des compagnies d’assurance
(i) sous réserve des alinéas f) et g), le bénéficiaire du paiement est considéré comme ayant reçu un avantage par suite du versement du paiement, (ii) aucun avantage n’est considéré comme ayant été reçu par suite d’un engagement absolu ou conditionnel de faire ou de faire faire le paiement; c) aucun avantage n’est considéré comme ayant été reçu du fait qu’une société s’est engagée, de façon absolue ou conditionnelle, à faire ou à faire faire un paiement, sauf s’il est raisonnable de conclure que la société dispose de suffisamment de renseignements lui permettant de retrouver une personne pour faire ou faire faire le paiement; d) lorsque l’engagement d’une société de faire ou de faire faire un paiement à l’occasion d’une démutualisation prend fin au plus tard à l’échéance initiale du paiement sans que celui-ci n’ait été fait même en partie, un avantage n’est considéré comme ayant été reçu par suite de l’engagement que si le paiement devait être effectué selon les modalités d’une police d’assurance; e) aucun avantage n’est considéré comme ayant été reçu par suite de l’engagement d’une société, de façon absolue ou conditionnelle, à faire ou à faire faire un paiement dans le cas où les conditions suivantes sont réunies : (i) l’alinéa a) s’appliquerait à l’engagement si ce n’était pas le présent alinéa, (ii) l’alinéa d) s’appliquerait à l’engagement si on ne tenait pas compte du passage « au plus tard à l’échéance initiale du paiement » à cet alinéa, (iii) il est raisonnable de conclure que, avant l’échéance initiale du paiement, la société ne pouvait faire ou faire faire le paiement faute de renseignements permettant de retrouver une personne, (iv) la société obtient ces renseignements après l’échéance initiale et l’engagement prend fin au plus tard six mois après qu’elle les a obtenus; f) aucun avantage n’est considéré comme ayant été reçu du fait qu’une société s’est engagée, de façon absolue ou conditionnelle, à faire ou à faire faire un versement de rente au moyen de l’établissement d’un contrat de rente ou qu’un versement de rente a été fait dans le cadre du contrat ainsi établi, s’il est raisonnable de conclure que l’engagement a été pris ou le versement de rente, effectué en vue de compléter des (ii) a substitution to which paragraph 147.4(3)(a) applies; (ii) in any other case, the latest of Special cases i) une compagnie d’assurance est considérée se démutualiser au moment où elle émet, pour la première fois, une action de son capital-actions (à l’exception des actions de son capital-actions qu’elle a émises lorsqu’elle était une compagnie mutuelle, pourvu qu’elle n’ait pas cessé d’être une telle compagnie par suite de l’émission de ces actions); j) sous réserve de l’alinéa (3)b), la valeur d’un avantage reçu par un intéressé correspond à la juste valeur marchande de l’avantage au moment de sa réception. Cas particuliers
Les règles suivantes s’appliquent dans le cadre du présent article : a) lorsque les avantages prévus par une police d’assurance sont améliorés (autrement que par suite d’une modification à laquelle le paragraphe 147.4(2) s’appliquerait si ce n’était le sous-alinéa 147.4(2)a)(ii)) à l’occasion d’une démutualisation, la valeur de l’amélioration est réputée être un avantage reçu par le titulaire de police et non par une autre personne; b) lorsque les primes payables à une compagnie d’assurance aux termes d’une police d’assurance sont réduites à l’occasion d’une démutualisation, le titulaire de police est réputé, par suite de l’engagement de réduire les primes, avoir reçu un avantage égal à la valeur actualisée, au moment de la démutualisation, des primes supplémentaires qui auraient été payables en l’absence de la réduction; c) le versement d’une participation de police par une compagnie d’assurance, ou l’engagement de la compagnie de verser un, n’est considéré comme ayant eu pris à l’occasion de la démutualisation de la compagnie que dans la mesure où les faits suivants se vérifient : (i) il est fait mention de la participation de police dans le projet de démutualisation que la compagnie a envoyé aux intéressés,
Where a particular insurance corporation demutualizes, Income Tax PART I Income Tax DIVISION III Special Rules Applicable in Certain Circumstances
Paid-up capital — insurance corporation exceeds Impôt sur le revenu
Démutualisation des compagnies d’assurance
par l’effet de l’alinéa (2)f), comme ayant été reçu par l’application du présent article : (i) d’une part, le coût du contrat de rente pour la personne est réputé être nul, (ii) d’autre part, l’article 12.2 ne s’applique pas au contrat de rente. Juste valeur marchande des droits de propriété
Pour l’application de l’article 70, du paragraphe 104(4) et de l’article 128.1, lorsqu’une compagnie d’assurance annonce publiquement son intention de se faire autoriser sa démutualisation, la juste valeur marchande des droits de propriété dans la compagnie est réputée être nulle tout au long de la période qui : a) commence au moment de l’annonce; b) se termine soit au moment de la démutualisation, soit au moment postérieur éventuel où la compagnie annonce publiquement qu’elle n’a plus l’intention de se démutualiser. Capital versé — compagnie d’assurance
En cas de démutualisation d’une compagnie d’assurance résidant au Canada, les règles suivantes s’appliquent aux fins du calcul du capital versé, à un moment donné, au titre d’une catégorie d’actions de son capital-actions : a) est déduit dans ce calcul le total des montants dont chacun aurait été réputé par le paragraphe 84(1), n’eût été le présent paragraphe, avoir été payé par la compagnie à ce moment ou antérieurement à titre de dividende sur une action de cette catégorie en raison d’une augmentation du capital versé (déterminé compte non tenu du présent paragraphe) découlant de la démutualisation; b) l’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) est ajouté dans ce calcul : (i) le total des montants dont chacun est réputé par les paragraphes 84(3), (4) ou (4.1) être un dividende sur des actions de cette catégorie versé par la compagnie avant ce moment, (ii) le total des montants dont chacun serait réputé par les paragraphes 84(3), (4) ou (4.1) être un dividende sur des actions de cette catégorie versé par la compagnie avant ce moment s’il n’était pas tenu compte du présent paragraphe. Paid-up capital — holding corporation exceeds Policy dividends Cost of taxable conversion benefit No shareholder benefit
Subsection 15(1) does not apply to a conversion benefit. RRSP registration rules, etc.
For the purposes of this Act, paragraphs 146(2)(c.4) and 146.3(2)(g) and subsection 198(6) shall be applied without reference to any conversion benefit. Retirement benefit l’avantage donné se rapporte est réputée avoir reçu, au moment de la démutualisation et relativement à cette police, une prime égale à la valeur de l’avantage donné; b) pour l’application de l’alinéa a), dans la mesure où les obligations d’une compagnie d’assurance donnée dans le cadre de la police ont été assumées par une autre compagnie d’assurance avant ce moment, la compagnie donnée est réputée ne pas être tenue de payer des avantages dans le cadre de la police; c) sous réserve de l’alinéa (15)e), la personne est réputée, dans le cas où elle reçoit l’avantage donné, avoir payé, au moment de la démutualisation et relativement à la police à laquelle l’avantage se rapporte, une prime égale à la valeur de cet avantage. Coût d’un avantage de transformation imposable
L’intéressé qui reçoit un avantage de transformation imposable (autre qu’un avantage déterminé) à l’occasion de la démutualisation d’une compagnie d’assurance est réputé avoir acquis l’avantage à un coût égal à sa valeur. Inapplication du paragraphe 15(1)
Le paragraphe 15(1) ne s’applique pas aux avantages de transformation. Application des règles sur les REER et autres règles
Sous réserve du paragraphe (14) et pour l’application des dispositions de la présente loi (sauf l’alinéa (9)c)) concernant les régimes enregistrés d’épargne-retraite, les fonds enregistrés de revenu de retraite, les conventions de retraite, les régimes de participation différée aux bénéfices et les fonds ou régimes de pension ou de retraite, la réception d’un avantage de transformation n’est assimilée ni au versement d’une cotisation à un tel régime ou fonds ou à une telle convention, ni à la réception d’un montant d’un tel régime ou fonds ou d’une telle convention. Règles d’enregistrement
Les alinéas 146(2)c.4) et 146.3(2)g) et le paragraphe 198(6) s’appliquent dans le cadre de la présente loi compte non tenu des avantages de transformation. Prestation de retraite
L’avantage de transformation reçu en raison d’une participation dans une police d’assurance-vie détenue par une fiducie régie par un régime enregistré d’épargne-retraite, un fonds enregistré de revenu de retraite, un régime de participation différée aux bénéfices ou un fonds de pension ou de retraite est réputé être reçu
Where (d) either
Where Impôt sur le revenu
Démutualisation des compagnies d’assurance
dans le cadre du régime ou du fonds, selon le cas, s’il est reçu par une personne (sauf la fiducie). Assurance payée par l’employé
Dans le cas où les conditions suivantes sont réunies : a) un intéressé reçoit un avantage de transformation en raison de sa participation dans une police d’assurance collective établit pour des particuliers assurés dans le cours de ou en raison de leur emploi; b) en tout temps avant le versement de la prime visée à l’alinéa c), le coût total d’une protection donnée prévue par la police a été assumé par les particuliers bénéficiaires de cette protection; c) l’intéressé verse une prime soit dans le cadre de la police au titre de la protection donnée, soit dans le cadre d’une autre police d’assurance collective établie pour une protection de remplacement; d) selon le cas : (i) la prime est réputée par l’alinéa (9)c) avoir été versée, (ii) il est raisonnable de conclure que la prime a pour objet d’appliquer, au profit des particuliers bénéficiaires de la protection donnée ou de la protection de remplacement, la totalité ou une partie de la valeur de la partie de l’avantage de transformation qu’il est raisonnable de considérer comme se rapportant à la protection donnée, les règles suivantes s’appliquent : e) pour l’application de l’alinéa 6(1)f) et des dispositions réglementaires prises en application du paragraphe (4), la prime est réputée être un montant payé par les particuliers bénéficiaires de la protection donnée ou de la protection de remplacement, selon le cas, et non un montant payé par l’intéressé; f) aucun montant ne peut être déduit au titre de la prime dans le calcul du revenu de l’intéressé. Transfert d’avantages de transformation à des employés et autres
Dans le cas où les conditions suivantes sont réunies : a) un intéressé reçoit un avantage de transformation (appelé « avantage donné » au présent paragraphe) (d) either en raison de la participation d’une personne dans une police d’assurance; b) l’intéressé fait un paiement (autrement que par le transfert d’une action qu’il a reçue au titre de la totalité ou d’une partie de l’avantage donné, mais qu’il n’a pas reçue à titre d’avantage de transformation imposable) à un particulier donné qui, selon le cas : (i) a reçu des avantages dans le cadre de la police, (ii) a, ou avait à un moment donné, le droit absolu ou conditionnel de recevoir des avantages dans le cadre de la police, (iii) bénéficiait d’une protection prévue par la police, (iv) a reçu le paiement du fait qu’un particulier a rempli la condition énoncée au sous-alinéa (i), (ii) ou (iii); c) il est raisonnable de conclure que le paiement a été fait pour qu’un montant au titre de l’avantage donné soit attribué au particulier donné; d) selon le cas : (i) la police avait pour principal objet d’assurer des prestations de retraite ou une protection à des particuliers au titre de leur emploi auprès d’un employeur, (ii) la totalité ou une partie du coût de la protection avait été assumée par des particuliers (sauf l’intéressé); e) le paragraphe (14) ne s’applique pas à l’avantage donné; f) selon le cas : (i) le particulier donné réside au Canada au moment du paiement, l’intéressé est une personne dont le revenu imposable est exonéré d’impôt en vertu de la présente partie et le paiement serait inclus dans le calcul du revenu du particulier donné s’il n’était pas tenu compte du présent paragraphe, (ii) le paiement est reçu avant le 7 décembre 1999 et l’intéressé choisit, dans un document présenté au ministre au plus tard six mois après la fin de l’année d’imposition au cours de laquelle il reçoit l’avantage donné (ou à une date postérieure que le ministre estime acceptable), que le présent paragraphe s’applique au paiement, (g) subject to paragraph (l), no amount is, because of the making of the payment, deductible in computing the stakeholder’s income,
Where (d) either (ii) si le sous-alinéa (i) ne s’applique pas et si l’action était une immobilisation dont l’intéressé a disposé avant ce moment, le montant du paiement est réputé être une perte en capital pour lui résultant de la disposition d’un bien pour son année d’imposition au cours de laquelle le paiement est fait, (iii) dans les autres cas, l’alinéa g) ne s’applique pas au paiement. Transfert d’avantages en actions à des employés ou autres
Dans le cas où les conditions suivantes sont réunies : a) en raison de la participation d’une personne dans une police d’assurance, un intéressé reçoit un avantage de transformation (sauf un avantage de transformation imposable) constitué d’actions du capital-actions d’une société; b) l’intéressé transfère la totalité ou une partie des actions à un particulier donné qui, selon le cas : (i) a reçu des avantages dans le cadre de la police, (ii) a, ou avait à un moment donné, le droit absolu ou conditionnel de recevoir des avantages dans le cadre de la police, (iii) bénéficiait d’une protection prévue par la police, (iv) a reçu les actions du fait qu’un particulier a rempli la condition énoncée au sous-alinéa (i), (ii) ou (iii); c) il est raisonnable de conclure que le transfert a été effectué pour que la totalité ou une partie de l’avantage de transformation soit attribuée au particulier donné; d) selon le cas : (i) la police avait pour principal objet d’assurer des prestations de retraite ou une protection à des particuliers au titre de leur emploi auprès d’un employeur, Income Tax PART I Income Tax DIVISION III Special Rules Applicable in Certain Circumstances Sections 139.1-139.2 (i) the amount of the particular corporation’s money, exceeds see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 140; 2000, c. 19, s. 39. Déduction dans le calcul du revenu 140 (1) Est déductible dans le calcul du revenu, pour une année d’imposition, que tire une compagnie d’assurance — mutuelle ou compagnie par actions — de l’exploitation d’une entreprise d’assurance autre qu’une entreprise d’assurance-vie, toute somme relative à cette entreprise, pour l’année ou pour une année d’imposition antérieure, qui a été portée au crédit d’un titulaire de police de la compagnie, sous forme de participation de police ou de remboursement de primes ou de dépôts de prime, si la somme a été, pendant l’année ou au cours des 12 mois qui suivent : a) soit payée au titulaire ou portée à son crédit inconditionnellement; b) soit affectée à l’extinction, totale ou partielle, de l’obligation du titulaire de payer des primes à la compagnie. Inclusion dans le calcul du revenu
L’excédent éventuel du total visé à l’alinéa a) sur le total visé à l’alinéa b) doit être inclus dans le calcul du revenu que tire une compagnie d’assurance — mutuelle ou compagnie par actions — de l’exploitation d’une entreprise d’assurance pour son premier exercice d’imposition commençant après le 17 juin 1987 et se terminant après 1987 (appelé « année d’imposition 1988 » au présent paragraphe) : a) le total des sommes dont chacune représente une somme que la compagnie a déduite dans le calcul de son revenu pour une année d’imposition se terminant avant son année d’imposition 1988 conformément à l’alinéa 140(1)c) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, ou conformément à cette alinéa par l’effet du sous-alinéa 138(3)a)(v) de la même loi, dans sa version applicable à une donnée, au titre de sommes portées au crédit du compte du titulaire de police à des conditions qui lui donnent droit au paiement de ces sommes au plus tard à l’expiration ou à la résiliation de la police; b) le total des sommes dont chacune représente une somme payée au titulaire de police ou portée à son crédit inconditionnel ou affectée à l’extinction totale ou partielle de son obligation de payer des primes à la compagnie avant son année d’imposition 1988 au titre de sommes portées au crédit du compte du titulaire de police visé à l’alinéa a). [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 140; 2000, ch. 19, art. 39. Definitions Specified period
For the purpose of subsection (3), the specified period of a corporation Income Tax PART I Income Tax DIVISION III Special Rules Applicable in Certain Circumstances Sections 141.1-142.2 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 141; 2000, c. 19, s. 40; 2001, c. 17, s. 135; 2007, c. 35, s. 44. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 141.1; 1988, c. 19, s. 162. 142 [Repealed, 1997, c. 25, s. 40(1)] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 142; 1994, c. 7, Sch. II, s. 115; 1997, c. 25, s. 40.
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 142.1; 1997, c. 25, s. 40. Financial Institutions Interpretation Definitions Impôt sur le revenu
Démutualisation des compagnies d’assurance
actionnaires et la répartition de la propriété de ses actions »; (ii) soit une société de portefeuille qui est réputée par le paragraphe (3) être une société publique à ce moment; b) aucune action du capital-actions de la société n’est cotée à une bourse de valeurs à ce moment; c) ce moment suit d’au plus 6 mois la démutualisation : (i) de la société, si elle est une compagnie d’assurance-vie, (ii) de la compagnie d’assurance-vie quant à laquelle la société est une société de portefeuille, dans les autres cas. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 141; 2000, ch. 19, art. 40; 2001, ch. 17, art. 135; 2007, ch. 35, art. 44. Compagnie d’assurance réputée ne pas être une société privée
[NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 141.1; 1988, ch. 19, art. 162. 142 [Abrogé, 1997, ch. 25, art. 40(1)] [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 142; 1994, ch. 7, ann. II, art. 115; 1997, ch. 25, art. 40.
[NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 142.1; 1997, ch. 25, art. 40. Institutions Financières Définitions et interprétation Définitions
bien à évaluer Bien d’un contribuable dont la juste valeur marchande est déterminée principalement par rapport à un ou plusieurs séries d’indices applicables à leur bien (appelé « bien de référence » à la présente Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Financial Institutions
(d) a share of the capital stock of a corporation if (e) a prescribed property; (bien exclu) Impôt sur le revenu
Institutions financières
définition) qui, si le contribuable en était propriétaire, serait bien évalué à la valeur du marché pour lui : a) la juste valeur marchande du bien de référence; b) les bénéfices ou gains provenant de la disposition du bien de référence; c) les recettes, le revenu ou les rentrées provenant du bien de référence; d) tout autre critère semblable applicable au bien de référence. (tracking property) bien évalué à la valeur du marché Est un bien évalué à la valeur du marché d’un contribuable pour une année d’imposition le bien (sauf un bien exclu) qu’il détient au cours de l’année et qui est : a) une action; b) dans le cas où le contribuable n’est pas un courtier en valeurs mobilières, un titre de créance déterminé qui est un bien évalué à sa juste valeur du contribuable pour l’année; c) dans le cas où le contribuable est un courtier en valeurs mobilières, un titre de créance déterminé; d) un bien à évaluer du contribuable qui est un bien évalué à sa juste valeur du contribuable pour l’année. (mark-to-market property) bien évalué à sa juste valeur Est un bien évalué à sa juste valeur d’un contribuable pour une année d’imposition le bien, détenu par le contribuable au cours de l’année, qui est évalué (autrement que pour la seule raison que sa juste valeur est inférieure à son coût pour le contribuable ou, s’il s’agit d’un titre de créance déterminé, autrement qu’en raison d’un manquement du débiteur), conformément aux principes comptables généralement reconnus, à sa juste valeur (déterminée conformément à ces principes) dans le bilan du contribuable à la fin de l’année, ou à l’égard duquel il est raisonnable de s’attendre à ce qu’il aurait été évalué ainsi si le contribuable l’avait détenu à la fin de l’année. (fair value property) bien exclu Est un bien exclu d’un contribuable pour une année d’imposition le bien qu’il détient au cours de l’année et qui est : a) une action du capital-actions d’une société dans laquelle le contribuable a une participation notable au cours de l’année; Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Financial Institutions
(ii) an investment dealer, or (ii) a mortgage investment corporation, (d) a trust that is a mutual fund trust at that time, nor (e) a prescribed person or partnership; (institution financière) investment dealer at any time means a corporation that is, at that time, a registered securities dealer; (courtier en valeurs mobilières) (a) a share, (c) if the taxpayer is an investment dealer, a specified debt obligation, or Impôt sur le revenu
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b) un bien qui est, à tous les moments de l’année où le contribuable le détient, une action de société émettrice de cartes de paiement du contribuable, visée par règlement; c) si le contribuable est un courtier en valeurs mobilières, un bien qui est, à tous les moments de l’année où le contribuable le détient, un placement en bourse du contribuable, visé par règlement; d) une action du capital-actions d’une société si, à la fois : (i) le contrôle de la société est acquis par l’une des personnes ci-après « au moment d’acquisition du contrôle » au présent alinéa) compris dans la période de 24 mois qui commence immédiatement après la fin de l’année : (A) le contribuable, (B) une ou plusieurs personnes liées au contribuable autrement qu’à cause d’un droit visé à l’alinéa 251(5)b), (C) le contribuable et une ou plusieurs de ces personnes liées à la division (B), (ii) le contribuable doit se prévaloir du sous-alinéa (i) dans un document présenté au ministre au plus tard à la date d’échéance de production qui lui est applicable pour son année d’imposition qui comprend le moment de l’acquisition du contrôle; e) un bien visé par règlement. (excluded property) courtier en valeurs mobilières Société qui, à un moment donné, est un courtier en valeurs mobilières inscrit. (investment dealer) institution financière Est une institution financière à un moment donné : a) la société qui est, à ce moment : (i) une société visée à l’un des alinéas a) à e.1) de la définition de institution financière véritable au paragraphe 248(1), (ii) un courtier en valeurs mobilières, (iii) une société contrôlée par une ou plusieurs personnes ou sociétés de personnes qui sont des institutions financières, à l’exception d’une société dont le contrôle a été acquis par suite du manquement d’un débiteur, dans le seul but raisonnable de considérer que le contrôle n’est exercé Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Financial Institutions
(d) a tracking property of the taxpayer that is a fair value property of the taxpayer for the taxation year; (bien évalué à la valeur du marché) (a) a loan, bond, debenture, mortgage, hypothecary claim, note, agreement of sale or any other similar indebtedness, or (c) an income bond, an income debenture or a prescribed property, or (d) any other similar criteria in respect of the tracked property; (bien à évaluer) Impôt sur le revenu
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que dans le but de minimiser les pertes découlant de ce manquement; b) une fiducie ou une société de personnes dont plus de 50 % de la juste valeur marchande des participations sont détenues, à ce moment, par une ou plusieurs institutions financières. Une personne ou une société de personnes visée par règlement, la fiducie qui est un fiducie de fonds commun de placement au moment donné et la société qui est, à ce moment, une société de placement, une société de placement hypothécaire, une société de placement à capital variable ou une compagnie d’assurance-dépôts, au sens du paragraphe 137.1(5), ne sont pas des institutions financières. (financial institution)
a) une obligation à intérêt conditionnel ou un bien visé par règlement; b) un effet émis par une personne avec laquelle le contribuable est lié ou par ailleurs un lien de dépendance ou dans laquelle il a une participation notable, ou conclu avec une telle personne. (specified debt obligation)
Pour l’application des définitions de bien exclu et titre de créance déterminé au paragraphe (1) et du paragraphe 142.6(1.6), un contribuable a une participation notable dans une société à un moment donné si, selon le cas : a) il est lié à la société à ce moment, autrement qu’à cause d’un droit visé à l’alinéa 251(5)b); b) il détient à ce moment : Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Financial Institutions
Impôt sur le revenu
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(i) des actions de la société qui lui confèrent au moins 10 % des voix pouvant dans tous les cas être exprimées à l’assemblée annuelle des actionnaires de la société, (ii) des actions de la société dont la juste valeur marchande correspond à au moins 10 % de la juste valeur marchande de l’ensemble des actions émises de la société. Règles concernant la participation notable
Pour déterminer, selon le paragraphe (2), si un contribuable a une participation notable dans une société à un moment donné, les règles suivantes s’appliquent : a) le contribuable est réputé détenir chaque action que détient, à ce moment, une personne ou une société de personnes à laquelle il est rattaché autrement qu’à cause d’un droit visé à l’alinéa 251(5)b); b) l’action de la société que le contribuable a acquise par raison du manquement d’un débiteur n’est pas prise en compte s’il est raisonnable de considérer qu’il conserve l’action afin de minimiser les pertes découlant de ce manquement; c) l’action de la société qui est visée par règlement quant au contribuable n’est pas prise en compte. Sens élargi de « lié »
Pour l’application du présent paragraphe et des paragraphes (2) et (3), lorsqu’il s’agit d’établir si une personne ou une société de personnes est liée à une autre personne ou société de personnes à un moment donné, les règles énoncées à l’article 251 s’appliquent comme si, à la fois : a) une société de personnes (sauf celle à l’égard de laquelle un montant de revenu ou de capital de la société de personnes que toute entité peut recevoir directement de la société de personnes à titre d’associé de celle-ci est fonction de l’exercice ou de l’absence d’exercice, par quiconque, d’un pouvoir discrétionnaire) était une société ayant un capital-actions constitué d’une seule catégorie divisé en 100 actions émises, et que chaque associé de la société de personnes était propriétaire, au moment donné, de la proportion des actions émises de cette catégorie représentée par le rapport entre : (i) d’une part, la juste valeur marchande de la participation de l’associé dans la société de personnes à ce moment, (ii) d’autre part, la juste valeur marchande de l’ensemble des participations dans la société de personnes à ce moment; [5] [Repealed, 2009, c. 2, s. 46]
Subject to subsection 142.3(3), where b) une fiducie (sauf celle à l’égard de laquelle un montant de revenu ou de capital de la fiducie qu’une entité peut recevoir directement de la fiducie à titre de bénéficiaire de celle-ci est fonction de l’exercice ou de l’absence d’exercice, par quiconque, d’un pouvoir discrétionnaire) était une société ayant un capital-actions constitué d’une seule catégorie d’actions divisée en 100 actions émises, et chaque bénéficiaire de la fiducie était propriétaire, au moment donné, de la proportion des actions émises de cette catégorie représentée par le rapport entre : (i) d’une part, la juste valeur marchande du droit de bénéficiaire du bénéficiaire dans la fiducie à ce moment, (ii) d’autre part, la juste valeur marchande de l’ensemble des droits de bénéficiaire dans la fiducie à ce moment. [5] [Abrogé, 2009, ch. 2, art. 46] Revenu provenant de titres de créance déterminés Montants à inclure et à déduire
a) le montant déterminé par règlement relativement au titre est à inclure dans le calcul du revenu du contribuable pour l’année; b) le montant déterminé par règlement relativement au titre est à déduire dans le calcul du revenu du contribuable pour l’année; c) sauf disposition contraire prévue au présent article, aux alinéas 12(1)d) et i) et 20(1)j) et p) et à l’article 142.4, aucun montant ne peut être inclus ou déduit relativement à des paiements prévus par le titre, sauf des frais et montants semblables, dans le calcul du revenu du contribuable pour l’année. Non-déclaration de montants courus
Sous réserve du paragraphe (3), le contribuable qui détient un titre de créance déterminé à un moment donné pendant lequel il est une institution financière et qui n’a pas inclus, dans le calcul de son revenu pour une année d’imposition antérieure, toute ou partie du montant déterminé relativement au titre en application de l’alinéa (1)a) ou du Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Financial Institutions Sections 142.3-142.4 Exception for certain obligations (a) a mark-to-market property for the year; or Impaired specified debt obligations Disposition of Specified Debt Obligations Definitions
Impôt sur le revenu
Institutions financières
Exception
Les paragraphes (1) et (2) ne s’appliquent pas, pour une année d’imposition, au titre de créance déterminé d’un contribuable qui constitue : a) un bien évalué à la valeur du marché pour l’année; b) un titre de créance indexé, sauf un titre visé par règlement. Titres de créances déterminés douteux
Le paragraphe (1) ne s’applique pas à un contribuable relativement à un titre de créance déterminé pour une année d’imposition tout au long de laquelle le titre est douteux si un montant relatif au titre est déductible par l’effet du sous-alinéa 20(1)(ii) dans le calcul du revenu du contribuable pour l’année. [Note : Les dispositions d’application ne sont pas incluses dans le présent codification; voir les lois et règlements modificatifs appropriés.] 1995, ch. 21, art. 58; 1998, ch. 19, art. 164. Disposition de titres de créance déterminés Définitions
montant de base Quant à un titre de créance déterminé pour un contribuable au moment donné, l’excédent éventuel du total des montants représentant chacun : a) le coût du titre pour le contribuable; b) un montant inclus, en application des paragraphes 12(3) ou 16(2) ou (3), de l’alinéa 142.3(1)a) ou du paragraphe 142.3(2), relativement au titre dans le calcul du revenu du contribuable pour une année d’imposition qui a commencé avant le moment donné; c) sous réserve du paragraphe 138(13), dans le cas où le contribuable a acquis le titre au cours d’une année d’imposition se terminant avant le 23 février 1994, la partie de l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) qui a été incluse dans le calcul de son revenu pour une telle année d’imposition : exceeds (ii) proceeds of disposition of the obligation, (i) le principal du titre au moment de son acquisition, (ii) le coût du titre pour le contribuable; d) sous réserve du paragraphe 138(13), dans le cas où le contribuable est un assureur sur la vie, un montant relatif au titre qui est réputé, par l'alinéa 142(3)a) de la Loi de l'impôt sur le revenu, chapitre 148 des Statuts revisés du Canada de 1952, dans sa version applicable à l'année d'imposition 1977, être un gain pour une année d'imposition se terminant avant 1978; e) dans le cas où le titre est un titre de créance indexé, un montant déterminé selon le sous-alinéa 16(6)a)(i) relativement au titre inclus dans le calcul du revenu du contribuable pour une année d'imposition commençant avant le moment donné; f) un montant relatif au titre qui a été inclus dans le calcul du revenu du contribuable pour une année d'imposition se terminant au plus tard à ce moment relativement à une variation de la valeur du titre attribuable à la fluctuation de la valeur d'une monnaie étrangère par rapport au dollar canadien, à l'exception d'un montant inclus en application de l'alinéa 142.3(1)a); g) un montant relatif au titre qui a été inclus, en application de l'alinéa 12(1)j), dans le calcul du revenu du contribuable pour une année d'imposition commençant avant le moment donné; h) dans le cas où le titre était une immobilisation du contribuable le 22 février 1994, un montant à ajouter, en application des alinéas 53(1)f) ou f.1), dans le calcul de son prix de base rajusté pour le contribuable ce jour-là, sur le total des montants représentant chacun : i) un montant déduit en application de l'alinéa 142.3(1)b) relativement au titre dans le calcul du revenu du contribuable pour une année d'imposition commençant avant le moment donné; j) le montant d'un paiement que le contribuable a reçu relativement au titre au moment donné ou antérieurement, à l'exception des montants suivants : (i) des frais et montants semblables, (ii) le produit de disposition du titre; k) sous réserve du paragraphe 138(13), dans le cas où le contribuable a acquis le titre au cours d'une année d'imposition se terminant avant le 23 février 1994, la Income Tax PART I Income Tax DIVISION 5 Special Rules Applicable in Certain Circumstances Financial Institutions
exceeds Impôt sur le revenu
Institutions financières
(i) le coût du titre pour le contribuable, (ii) le principal du titre au moment de son acquisition; l) sous réserve du paragraphe 138(13), dans le cas où le contribuable est un assureur sur la vie, un montant relatif au titre qui est réputé, par l’alinéa 142(3)(b) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, dans sa version applicable à l’année d’imposition 1977, être une perte pour une année d’imposition se terminant avant 1978; m) un montant déduit en application du paragraphe 20(14) relativement au titre dans le calcul du revenu du contribuable pour une année d’imposition commençant avant le moment donné; n) dans le cas où le titre est un titre de créance indexé, un montant déterminé selon le sous-alinéa 16(6)a)(ii) relativement au titre et déduit dans le calcul du revenu du contribuable pour une année d’imposition commençant avant le moment donné; o) un montant relatif au titre qui a été déduit dans le calcul du revenu du contribuable pour une année d’imposition se terminant au moment donné ou antérieurement au titre de la variation de la valeur du titre attribuable à la fluctuation de la valeur d’une monnaie étrangère par rapport au dollar canadien, à l’exception d’un montant déduit en application de l’alinéa 142.3(1)b); p) un montant relatif au titre qui a été déduit, en application de l’alinéa 20(1)p), dans le calcul du revenu du contribuable pour une année d’imposition se terminant au moment donné ou antérieurement; q) dans le cas où le titre était une immobilisation du contribuable le 22 février 1994, un montant déduit, en application des alinéas 53(2)b.2) ou g), dans le calcul du prix de base rajusté du titre pour le contribuable ce jour-là. (tax basis) montant de transition Quant à un contribuable relativement à la disposition d’un titre de créance déterminé, s’entend au sens du règlement. (transition amount) Scope of section Rules applicable to disposition
Subject to subsection 142.4(5), where after 1994 a taxpayer disposes of a specified debt obligation in a taxation year, (d) where the taxpayer has a loss from the disposition of the obligation, Champ d’application
Le présent article s’applique à la disposition, par un contribuable qui est une institution financière, d’un titre de créance déterminé qui n’est pas un bien évalué à la valeur du marché pour l’année d’imposition de sa disposition. Règles applicables en cas de disposition
Les règles suivantes s’appliquent dans le cas où un contribuable dispose d’un titre de créance déterminé après le 22 février 1994 : a) sauf disposition contraire prévue à l’alinéa 79.1(7)d) ou au présent article, aucun montant n’est inclus ou déduit relativement à la disposition dans le calcul du revenu du contribuable; b) sauf dans le cas où le titre est un titre de créance indexé autre qu’un titre visé par règlement, l’alinéa 20(14)a) ne s’applique pas à la disposition. Montants à inclure ou à déduire en cas de disposition
Sous réserve du paragraphe (5), dans le cas où, après 1994, un contribuable dispose d’un titre de créance déterminé au cours d’une année d’imposition, les règles suivantes s’appliquent : a) s’il est positif, le montant de transition relatif à la disposition du titre est inclus dans le calcul du revenu du contribuable pour l’année; b) si le montant de transition relatif à la disposition du titre est négatif, sa valeur absolue est à déduire dans le calcul du revenu du contribuable pour l’année; c) dans le cas où le contribuable réalise un gain lors de la disposition du titre : (i) le montant courant du gain est à inclure dans le calcul de son revenu pour l’année, (ii) est à inclure dans le calcul de son revenu pour les années d’imposition qui se terminent à la date de la disposition ou postérieurement le montant attribué à l’année, selon les modalités réglementaires, relativement à la partie résiduelle du gain; d) dans le cas où le contribuable subit une perte lors de la disposition du titre : (i) le montant courant de la perte est à déduire dans le calcul de son revenu pour l’année, Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Financial Institutions
Gain or loss not amortized (ii) a debt obligation prescribed in respect of the taxpayer, (i) before 1995, (iii) because of paragraph 142.6(1)(c), or (d) subsection 142.4(4) does not apply to the disposition, Impôt sur le revenu
Institutions financières
(ii) de la disposition ou postérieurement le montant attribué à l’année, selon les modalités réglementaires, relativement à la partie résiduelle de la perte. Gain ou perte non amorti
Lorsque, après le 22 février 1994, un contribuable dispose d’un titre de créance déterminé au cours d’une année d’imposition et que, selon le cas : a) il s’agit d’un des titres suivants : (i) un titre de créance indexé, sauf un titre visé par règlement, (ii) un titre de créance visé par règlement quant au contribuable, b) la disposition : (i) soit a été effectuée avant 1995, (ii) soit a été effectuée après 1994 dans le cadre du transfert de tout ou partie d’une entreprise du contribuable à une personne ou à une société de personnes, (iii) soit est réputée avoir été effectuée par l’alinéa 142.6(1)c), c) dans le cas où le contribuable n’est pas une compagnie d’assurance-vie : (i) d’une part, la disposition a été effectuée avant 1996, (ii) d’autre part, le contribuable choisit de se prévaloir du présent alinéa par écrit envoyé au ministre avant juillet 1997, les règles suivantes s’appliquent : d) le paragraphe (4) ne s’applique pas à la disposition; e) est à inclure dans le calcul du revenu du contribuable pour l’année l’excédent éventuel du produit de disposition du titre pour lui sur le montant de la base du titre pour lui immédiatement avant la disposition; f) est à déduire dans le calcul du revenu du contribuable pour l’année l’excédent éventuel du montant de la base du titre pour lui immédiatement avant la disposition sur le produit de disposition du titre pour lui. A - (B + C) where
For the purposes of subsections 142.4(4) and 142.4(8), the current amount of a taxpayer’s gain or loss from the disposition of a specified debt obligation is Residual portion of gain or loss Income Tax PART I Income Tax PROVISION of Special Rules Applicable in Certain Circumstances Financial Institutions Sections 142.4-142.5 Disposition of part of obligation Mark-to-Market Properties Mark-to-market requirement Impôt sur le revenu
Institutions financières
de la disposition d’un titre de créance déterminé correspond à l’excédent éventuel du gain ou de la perte sur le montant courant de ce gain ou de cette perte. Disposition d’une partie de titre
Dans le cas où un contribuable dispose d’une partie d’un titre de créance déterminé, l’article 142.3 et le présent article s’appliquent comme si la partie dont il est disposé et celle qui est conservée étaient des titres de créance déterminés distincts. Pénalités et gratifications
Malgré le paragraphe 18(9.1), le contribuable qui détient un titre de créance déterminé et qui reçoit une pénalité ou une gratification en raison du remboursement avant échéance de tout ou partie du principal du titre est réputé avoir reçu le paiement à titre de produit de disposition du titre. Paiements reçus au moment de la disposition ou postérieurement
Pour l’application du présent article, le contribuable qui reçoit un paiement, autre qu’un produit de disposition, en vertu d’un titre de créance déterminé au moment de la disposition du titre ou postérieurement est réputé ne pas l’avoir reçu au moment de sa réception mais l’avoir reçu immédiatement avant la disposition. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; 1995, ch. 21, art. 58; 1998, ch. 19, art. 165.] Biens évalués à la valeur du marché Traitement des bénéfices et pertes
a) le bénéfice résultant de la disposition est inclus dans le calcul du revenu du contribuable pour l’année; b) la perte résultant de la disposition est à déduire dans le calcul du revenu du contribuable pour l’année. Présomption
Le contribuable qui est une institution financière au cours d’une année d’imposition et détenteur, à la fin de l’année, d’un bien évalué à la valeur du marché pour l’année est réputé : (a) paragraph 12(1)(c) and subsections 12(3) and 20(14) and (21) do not apply to the obligation in computing the taxpayer’s income for the particular year; Proceeds — mark-to-market property
to (7) [Repealed, 2013, c. 34, s. 288] First deemed disposition of debt obligation
Where (b) either (d) where (iii) the total of all amounts referred to in subparagraph 142.5(8)(d)(i) exceeds Application of subsection (8.2) évalué à la valeur du marché pour l’année d’imposition subséquente, b) le bien est réputé avoir fait l’objet de la disposition, selon le cas : (i) par le paragraphe (2), et l’année donnée comprend le 31 octobre 1994, (ii) par l’alinéa 142.6(1)b), les règles suivantes s’appliquent : c) le paragraphe 20(21) ne s’applique pas à la disposition; d) lorsqu’un montant a été déduit en application de l’alinéa 20(1)p) relativement au titre dans le calcul du revenu du contribuable pour l’année donnée ou une année d’imposition antérieure et que l’article 12.4 ne s’applique pas à la disposition, est à inclure dans le calcul du revenu du contribuable pour l’année donnée l’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le total des montants déduits en application de l’alinéa 20(1)p) relativement au titre dans le calcul du revenu du contribuable pour l’année donnée ou une année d’imposition antérieure, (ii) le total des montants inclus en application de l’alinéa 12(1)i) relativement au titre dans le calcul du revenu du contribuable pour l’année donnée ou une année d’imposition antérieure. Application du par. (8.2) (8.1) Le paragraphe (8.2) s’applique à un contribuable pour son année transitoire si, à la fois : a) le contribuable est réputé, en vertu du paragraphe (2), avoir disposé d’un titre de créance déterminé immédiatement avant la fin de son année transitoire (cette disposition étant appelée « disposition donnée » au paragraphe (8.2)); b) le titre de créance déterminé en cause appartenait au contribuable à la fin de son année de base et n’était pas un bien évalué à la valeur du marché lui appartenant pour cette année. exceeds
Where Règles applicables à la première disposition réputée d’un titre de créance (8.2) Si le présent paragraphe s’applique à un contribuable pour son année transitoire, les règles ci-après s’appliquent à lui relativement à la disposition donnée : a) le paragraphe 20(21) ne s’applique pas au contribuable relativement à la disposition donnée; b) si l’article 12.4 ne s’applique pas au contribuable relativement à la disposition donnée, l’excédent de la somme visée au sous-alinéa (i) sur celle visée au sous-alinéa (ii) est inclus dans le calcul de son revenu pour son année transitoire : (i) le total des sommes représentant chacune : (A) une somme déduite en application de l’alinéa 20(1)l) relativement au titre de créance déterminé du contribuable dans le calcul de son revenu pour son année de base, ou (B) une somme déduite en application de l’alinéa 20(1)p) relativement au titre de créance déterminé du contribuable dans le calcul de son revenu pour une année d’imposition antérieure, (ii) le total des sommes représentant chacune : (A) une somme incluse en application de l’alinéa 12(1)d) relativement au titre de créance déterminé du contribuable dans le calcul de son revenu pour son année transitoire, ou (B) une somme incluse en application de l’alinéa 12(1)i) relativement au titre de créance déterminé du contribuable dans le calcul de son revenu pour son année transitoire ou pour une année d’imposition antérieure. Mesure transitoire — bien acquis par roulement
Dans le cas où, à la fois : a) un contribuable a acquis un bien avant le 31 octobre 1994 à un coût inférieur à sa juste valeur marchande au moment de l’acquisition, b) le bien a été transféré, directement ou indirectement, au contribuable par une personne qui n’aurait jamais été une institution financière avant le transfert si la définition de institution financière au paragraphe 142.2(1) était toujours appliquée, [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1995, c. 21, s. 58; 1998, c. 19, s. 166; 2009, c. 2, s. 47; 2013, c. 34, s. 288; 2018, c. 27, s. 16. Definitions A − B where c) le coût est inférieur à la juste valeur marchande en raison de l’application du paragraphe 85(1) à la disposition du bien par la personne, d) le contribuable est réputé par le paragraphe (2) avoir disposé du bien au cours de son année d’imposition (appelée « année donnée » au présent paragraphe) qui comprend le 31 octobre 1994, les règles suivantes s’appliquent : e) dans le cas où le contribuable réaliserait, n’eût été le présent alinéa, un gain en capital imposable pour l’année donnée lors de la disposition du bien, la partie de ce gain qu’il est raisonnable de considérer comme réalisée pendant que le bien était détenu par une personne visée à l’alinéa b) est réputée être un gain en capital imposable du contribuable pour l’année d’imposition au cours de laquelle il dispose du bien autrement qu’en vertu du paragraphe (2) et ne pas être un gain en capital imposable pour l’année donnée; f) dans le cas où le contribuable réalise un bénéfice, sauf un gain en capital, lors de la disposition du bien, la partie du bénéfice qu’il est raisonnable de considérer comme réalisée pendant que le bien était détenu par une personne visée à l’alinéa b) est à inclure dans le calcul du revenu du contribuable pour l’année d’imposition au cours de laquelle il dispose du bien autrement qu’en vertu du paragraphe (2) et ne pas être incluse dans le calcul de son revenu pour l’année donnée. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent codification; voir les lois et règlements modificatifs appropriés.] 1995, ch. 21, art. 58; 1998, ch. 19, art. 166; 2009, ch. 2, art. 47; 2013, ch. 34, art. 288; 2018, ch. 27, art. 16. Définitions
année de base L’année d’imposition d’un contribuable qui précède son année transitoire. (base year) année transitoire La première année d’imposition d’un contribuable qui commence après 2022. (transition year) bien transitoire Est un bien transitoire d’un contribuable le bien qui, à la fois : a) était un titre de créance déterminé détenu par le contribuable à la fin de son année de base; b) n’était pas bien évalué à la valeur au marché du contribuable pour son année de base, mais l’aurait été s’il avait été comptabilisé à sa juste valeur marchande Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Financial Institutions
(montant transitoire) Transition year income inclusion Transition year income inclusion reversal A × B/1825 where Impôt sur le revenu
Institutions financières
au bilan du contribuable à la fin de chacune de ses années d’imposition — se terminant après sa dernière acquisition du bien (autrement qu’en raison d’une nouvelle acquisition visée au paragraphe 142.5(2)) et avant le début de son année transitoire; c) était un bien évalué à la valeur du marché du contribuable pour son année transitoire. (transition property) montant transitoire Le montant transitoire d’un contribuable pour son année transitoire correspond à la somme positive ou négative obtenue par la formule suivante : A - B où : A représente le total des sommes représentant chacune la juste valeur marchande, à la fin de l’année de base du contribuable, de son bien transitoire; B le total des sommes représentant chacune le coût indiqué pour le contribuable, à la fin de son année de base, de son bien transitoire. Somme à inclure dans le revenu — année transitoire
Si un contribuable est un assureur au cours de son année transitoire, la valeur absolue du montant négatif de son montant transitoire est à inclure dans le calcul de son revenu pour cette année. Somme à déduire du revenu — année transitoire
Si un contribuable est un assureur au cours de son année transitoire, le montant positif de son montant transitoire est à déduire dans le calcul de son revenu pour cette année. Annulation de l’inclusion — année transitoire
Si une somme a été incluse en application du paragraphe (2) dans le calcul du revenu d’un contribuable pour son année transitoire, il est à déduire dans le calcul de son revenu, pour chacune de ses années d’imposition se terminant après le début de l’année transitoire et au cours de laquelle il est un assureur, la somme déterminée par la formule suivante : A × B/1825 où : A représente la somme incluse en application du paragraphe (2) dans le calcul du revenu du contribuable pour l’année transitoire; B le nombre de jours de l’année d’imposition en cause qui sont antérieurs au jour qui suit de 1825 jours le premier jour de l’année transitoire. A × B/1825 where Winding-up --- Annulation de la déduction — année transitoire
Si une somme a été déduite en application du paragraphe (3) dans le calcul du revenu d’un contribuable pour son année transitoire, est à inclure dans le calcul de son revenu, pour chaque une de ses années d’imposition se terminant après le début de l’année transitoire et au cours de laquelle il est un assureur, la somme obtenue par la formule suivante : A × B/1825 où : A représente la somme déduite en application du paragraphe (3) dans le calcul du revenu du contribuable pour l’année transitoire; B le nombre de jours de l’année d’imposition en cause qui sont antérieurs au jour qui suit de 1825 jours le premier jour de l’année transitoire. Liquidation
Si un contribuable est liquidé dans une autre société (appelée « société mère » au présent paragraphe) dans le cadre d’une liquidation à laquelle le paragraphe 88(1) s’applique et que la société mère est un assureur immédiatement après la liquidation, pour l’application des paragraphes (4) et (5) au calcul des revenus du contribuable et de la société mère pour des années d’imposition données se terminant au plus tôt le premier jour (appelé « date de début » au présent paragraphe) où des éléments d’actif du contribuable ont été distribués à la société mère lors de la liquidation, les règles suivantes s’appliquent : a) en ce qui a trait aux sommes ci-après, la société mère est réputée être la même société que le contribuable et, en être la continuation, à compter de la date de début : (i) toute somme incluse en application du paragraphe (2), ou déduite en application du paragraphe (3), dans le calcul du revenu du contribuable pour son année transitoire, (ii) toute somme déduite en application du paragraphe (4), ou incluse en application du paragraphe (5), dans le calcul du revenu du contribuable pour une année d’imposition de celui-ci commençant avant la date de début, (iii) toute somme qui — en l’absence du présent paragraphe et à supposer que le contribuable existe, et est un assureur chaque jour qui correspond à la date de début ou à une date postérieure et auquel la société mère est un assureur — serait à déduire en application du paragraphe (4), ou à inclure en Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Financial Institutions
Amalgamations Application of subsection (9) (a) subsection 138(11.5) or (11.94) applies to the transfer; or Impôt sur le revenu
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application du paragraphe (5), relativement à ces jours, dans le calcul du revenu du contribuable pour son année transitoire; b) le contribuable est tenu de déterminer, relativement à chacune de ses années d’imposition données, la valeur de l’élément B des formules figurant aux paragraphes (4) et (5) sans tenir compte de la date de début ni des jours qui y sont postérieurs. Fusions
S’il y a fusion, au sens du paragraphe 87(1), d’un contribuable et d’une ou de plusieurs autres sociétés et que la société issue de la fusion (appelée « nouvelle société » au présent paragraphe) est un assureur immédiatement après la fusion, pour l’application des paragraphes (4) et (5) au calcul du revenu de la nouvelle société pour les années d’imposition données de celle-ci commençant à la date de la fusion ou par la suite, la nouvelle société est réputée être la même société que le contribuable, et en être la continuation, à compter de cette date en ce qui a trait aux sommes suivantes: a) toute somme incluse en application du paragraphe (2), ou déduite en application du paragraphe (3), dans le calcul du revenu du contribuable pour son année transitoire; b) toute somme déduite en application du paragraphe (4), ou incluse en application du paragraphe (5), dans le calcul du revenu du contribuable pour une année d’imposition de celui-ci commençant avant la date de la fusion; c) toute somme qui — en l’absence du présent paragraphe et à supposer que le contribuable existe, et est un assureur, chaque jour compris entre la date de la fusion ou à une date postérieure et que la nouvelle société est un assureur — serait à déduire en application du paragraphe (4), ou à inclure en application du paragraphe (5), relativement à ces jours, dans le calcul du revenu du contribuable. Application du par. (9)
Le paragraphe (9) s’applique dans le cas où un contribuable (appelé « cédant » au présent paragraphe et au paragraphe (9)) transfère à une société qui lui est liée (appelée « cessionnaire » au présent paragraphe et au paragraphe (9)) un bien relatif à une entreprise qu’il exploite au Canada (appelée « entreprise transférée » au présent paragraphe et au paragraphe (9)) et où, selon le cas: a) le paragraphe 138(11.5) ou (11.94) s’applique au transfert;
[Repealed, 2022, c. 19, s. 28] b) le paragraphe 85(1) s’applique au transfert, le transfert porte sur la totalité ou la presque totalité des biens et des dettes de l’entreprise transférée et le cessionnaire est un assureur immédiatement après le transfert. Transfert d’entreprise
Dans le cas où le présent paragraphe s’applique relativement au transfert d’un bien, les règles suivantes s’appliquent : a) en ce qui a trait aux sommes ci-après, le cessionnaire est réputé être la même société que le cédant, et en être la continuation, à compter du moment du transfert : (i) toute somme incluse en application du paragraphe (2), ou déduite en application du paragraphe (3), dans le calcul du revenu du cédant pour son année transitoire — qui est raisonnable d’attribuer à l’entreprise transférée, (ii) toute somme déduite en application du paragraphe (4), ou incluse en application du paragraphe (5), dans le calcul du revenu du cédant pour une année d’imposition commencée avant le moment du transfert — qui est raisonnable d’attribuer à l’entreprise transférée, (iii) toute somme qui — en l’absence du présent paragraphe et à supposer que le cédant existe, et est un assureur chaque jour qui comprend ce moment ou est postérieur et auquel le cessionnaire est un assureur — serait à déduire en application du paragraphe (4), ou à inclure en application du paragraphe (5), dans le calcul du revenu du cédant qui est raisonnable d’attribuer à l’entreprise transférée; b) pour déterminer, relativement au jour qui comprend le moment du transfert ou est postérieur, toute somme à déduire en application du paragraphe (4), ou à inclure en application du paragraphe (5), dans le calcul du revenu du cédant pour chaque année d’imposition donnée provenant de l’entreprise transférée, la valeur de l’élément A des formules figurant dans ces paragraphes est réputée être nulle.
[Abrogé, 2022, ch. 19, art. 28] Cessation de l’exploitation d’une entreprise
Lorsqu’un contribuable cesse d’être un assureur, les règles ci-après s’appliquent : a) la somme obtenue par la formule ci-après est à déduire dans le calcul du revenu du contribuable pour A - B where C - D where Ceasing to exist Application of subsection (13.1) son année d’imposition qui comprend le moment immédiatement avant la cessation : A - B où : A représente la somme incluse en application du paragraphe (2) dans le calcul du revenu du contribuable pour son année transitoire, B le total des sommes représentant chacune une somme déduite en application du paragraphe (4) dans le calcul du revenu du contribuable pour une année d’imposition ayant commencé avant la cessation; b) la somme obtenue par la formule ci-après est à inclure dans le calcul du revenu du contribuable pour son année d’imposition qui comprend le moment immédiatement avant la cessation : C - D où : C représente la somme déduite en application du paragraphe (3) dans le calcul du revenu du contribuable pour son année transitoire, D le total des sommes représentant chacune une somme incluse en application du paragraphe (5) dans le calcul du revenu du contribuable pour une année d’imposition ayant commencé avant la cessation. Cessation de l’existence
Le contribuable qui cesse d’exister autrement que par suite d’une fusion à laquelle le paragraphe 87(2) s’applique ou d’une liquidation à laquelle le paragraphe 88(1) s’applique est réputé, pour l’application du paragraphe (11), avoir cessé d’être un assureur au premier des moments suivants : a) le moment (déterminé compte non tenu du présent paragraphe) auquel il a cessé d’être un assureur; b) le moment immédiatement avant la fin de sa dernière année d’imposition qui a pris fin au plus tard au moment où il a cessé d’exister. Application du paragraphe (13.1)
Le paragraphe (13.1) s’applique à un contribuable pour une année d’imposition donnée du contribuable si, à la fois : a) il détient un bien transitoire au cours de l’année d’imposition donnée; [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2009, c. 2, s. 48; 2022, c. 19, s. 28. (i) a specified debt obligation, or Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Financial Institutions
Impôt sur le revenu
Institutions Financières
(ii) un bien évalué à la valeur du marché du contribuable pour l’année d’imposition donnée ou pour son année d’imposition qui comprend le moment donné; c) le contribuable qui cesse d’être une institution financière est réputé avoir disposé, immédiatement avant la fin de son année d’imposition qui se termine immédiatement avant le moment donné, de chaque bien qu’il détient et qui est un titre de créance déterminé, sauf un bien évalué à la valeur du marché du contribuable pour l’année, pour un produit égal à la juste valeur marchande du bien au moment de la disposition; d) le contribuable est réputé avoir acquis de nouveau, à la fin de son année d’imposition qui se termine immédiatement avant le moment donné, chaque bien dont il est réputé, par les alinéas b) ou c), avoir disposé, à un coût égal au produit de disposition du bien. Cessation d’utilisation d’un bien dans une entreprise canadienne (1.1) Les règles suivantes s’appliquent au contribuable qui est une institution financière non-résidente (sauf une compagnie d’assurance-vie) et qui, à un moment donné, cesse d’utiliser, dans le cadre d’une entreprise ou une partie d’entreprise qu’il exploitait au Canada immédiatement avant ce moment, un bien qui est son bien évalué à la valeur du marché pour l’année, soit un titre de créance déterminé, mais non un bien dont il a disposé à ce moment : a) il est réputé : (i) d’une part, avoir disposé du bien immédiatement avant le moment qui est immédiatement avant le moment donné pour un produit égal à sa juste valeur marchande au moment de la disposition et avoir reçu ce produit à ce dernier moment dans le cadre de l’exploitation de l’entreprise ou de la partie d’entreprise, et (ii) d’autre part, avoir acquis le bien de nouveau au moment donné à un coût égal à ce produit; b) pour déterminer les effets de la disposition visée au sous-alinéa a)(i), le paragraphe 142.6(11) ne s’applique à aucun paiement reçu par le contribuable après le moment donné. Début d’utilisation d’un bien dans une entreprise canadienne (1.2) Le contribuable qui est une institution financière non-résidente (sauf une compagnie d’assurance-vie) qui, à un moment donné, commence à utiliser, dans le (b) subsection 142.5(1) does not apply to the disposition under subparagraph (a)(i). cadre d’une entreprise ou partie d’entreprise qu’il exploitait au Canada, un bien qui est son bien évalué à la valeur du marché pour l’année qui comprend le moment donné, soit un titre de créance déterminé, mais non un bien qu’il a acquis à ce moment, est réputé : a) d’une part, avoir disposé du bien immédiatement avant le moment qui est immédiatement avant le moment donné pour un produit égal à sa juste valeur marchande au moment de la disposition; b) d’autre part, avoir acquis le bien de nouveau au moment donné à un coût égal à ce produit.
(1.3) Pour l’application du paragraphe (1.1) à un contribuable à l’égard d’un bien au cours d’une année d’imposition, les règles suivantes s’appliquent : a) la définition bien évalué à la valeur du marché au paragraphe 142.2(1) s’applique comme si l’année s’était terminée immédiatement avant le moment visé au paragraphe (1.1); b) si le contribuable n’a pas d’états financiers couvrant la période se terminant immédiatement avant le moment donné visé au paragraphe (1.1), les mentions des états financiers pour l’année de cette définition valent mention des états financiers qui, selon ce qu’il est raisonnable de s’attendre, auraient été établis si l’année s’était terminée immédiatement avant le moment donné. Action de société émettrice de cartes de paiement visée par règlement (1.4) Dans le cas où, à un moment donné de l’année d’imposition d’un contribuable qui est une institution financière pour l’année, un bien devient un bien évalué à la valeur du marché du contribuable pour l’année du fait qu’il a cessé, à ce moment, d’être une action de société émettrice de cartes de paiement du contribuable visée par règlement, les règles suivantes s’appliquent : a) le contribuable est réputé : (i) d’une part, avoir disposé du bien immédiatement avant le moment donné pour un produit de disposition égal à sa juste valeur marchande immédiatement avant ce moment, (ii) d’autre part, avoir acquis le bien au moment donné à un coût égal à ce produit; b) le paragraphe 142.5(1) ne s’applique pas à la disposition prévue au sous-alinéa a)(i). Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Financial Institutions
Change in status — prescribed securities exchange investment (b) subsection 142.5(1) does not apply to the disposition under subparagraph (a)(i). Deemed disposition not applicable Property not inventory Impôt sur le revenu
Institutions financières
Placement en bourse visé par règlement (1.5) Dans le cas où, à un moment donné de l’année d’imposition d’un contribuable qui est une institution financière pour l’année, un bien devient un bien évalué à la valeur du marché du contribuable pour l’année du fait qu’il a cessé, à ce moment, d’être un placement en bourse du contribuable, visé par règlement, les règles suivantes s’appliquent : a) le contribuable est réputé : (i) d’une part, avoir disposé du bien immédiatement avant le moment donné pour un produit de disposition égal à sa juste valeur marchande immédiatement avant ce moment, (ii) d’autre part, avoir acquis le bien au moment donné à un coût égal à ce produit; b) le paragraphe 142.5(1) ne s’applique pas à la disposition prévue au sous-alinéa a)(i). (1.6) Lorsque, à la fin de l’année d’imposition donnée d’un contribuable qui est une institution financière pour l’année, le contribuable détient une action du capital-actions d’une société, qu’il a une participation notable dans cette société au cours de l’année et que l’action est un bien évalué à la valeur du marché du contribuable pour l’année d’imposition subséquente, le contribuable est réputé : a) d’une part, avoir disposé de l’action immédiatement avant la fin de l’année donnée pour un produit de disposition égal à sa juste valeur marchande à ce moment; b) d’autre part, avoir acquis l’action à la fin de l’année donnée à un coût égal à ce produit. Disposition réputée inapplicable
Pour l’application de la présente loi, la détermination du moment auquel un contribuable a acquis une action se fait compte non tenu des dispositions et des acquisitions qui sont réputées avoir été effectuées en vertu du paragraphe 142.5(2) ou des paragraphes (1), (1.1), (1.2), (1.4), (1.5) ou (1.6). Biens à ne pas porter à l’inventaire
Les biens suivants ne sont pas à porter à l’inventaire, au cours d’une année d’imposition, du contribuable qui est une institution financière au cours de l’année : Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Financial Institutions
(a) a specified debt obligation (other than a mark-to-market property for the year); or
Where, Impôt sur le revenu
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a) les titres de créance déterminés, sauf les biens évalués à la valeur du marché pour l’année; b) dans le cas où l’année commence après octobre 1994, les biens évalués à la valeur du marché pour l’année. Biens retirés de l’inventaire
Dans le cas où un contribuable qui était une institution financière au cours de son année d’imposition (appelée « année donnée » au présent paragraphe) qui comprend le 23 février 1994 détenait, ce jour-là, un titre de créance déterminé, autre qu’un bien évalué à la valeur du marché pour l’année, qui était à porter à son inventaire à la fin de son année d’imposition précédente, les présomptions suivantes s’appliquent : a) le contribuable est réputé avoir disposé du titre au début de l’année donnée pour le produit suivant : (i) en cas d’inapplicabilité du sous-alinéa (ii), le montant attribué à ce titre à la fin de l’année d’imposition précédente aux fins du calcul du revenu du contribuable pour cette année, (ii) si le contribuable est une banque et que le titre est un bien visé par règlement pour l’année donnée, son coût pour le contribuable, déterminé compte non tenu de l’alinéa b); b) pour déterminer le bénéfice ou la perte du contribuable résultant de la disposition, le coût du titre pour le contribuable est réputé correspondre au montant visé au sous-alinéa a)(i); c) le contribuable est réputé avoir acquis le titre de nouveau, immédiatement après le début de l’année donnée, à un coût égal au produit de sa disposition. Titres de créance acquis par roulement
L’institution financière qui est une société et qui détenait, le 23 février 1994, un titre de créance déterminé, sauf un bien évalué à la valeur du marché pour l’année d’imposition qui comprend ce jour, et que une autre société détenait à un moment antérieur est réputée, pour ce qui est de ce titre, être la même société que l’autre société et en être la continuation, à condition que les seules opérations effectuées entre le moment antérieur et le 23 février 1994 relativement à la propriété du titre aient été des opérations de roulement. Superficial loss not applicable (a) each property of the taxpayer Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Financial Institutions
Impôt sur le revenu
Institutions financières
le produit de disposition de ce bien est réputé égal au plus élevé des montants suivants et le bien est réputé avoir été acquis de nouveau par le contribuable immédiatement après ce moment à un coût égal à ce produit : (v) la juste valeur marchande du bien à ce moment, (vi) le prix de base rajusté du bien pour le contribuable immédiatement avant ce moment ou, s’il est supérieur, le montant qu’il a indiqué dans le choix relativement au bien; b) le contribuable est réputé avoir disposé, à la fin de sa dernière année d’imposition qui s’est terminée avant le 23 février 1994, de chacun de ses biens qui répond aux conditions suivantes : (i) il était une immobilisation, sauf un bien amortissable, du contribuable à ce moment, (ii) il n’était pas un bien évalué à la valeur du marché ni une créance déterminée pour la première année d’imposition du contribuable qui commence après ce moment, (iii) son prix de base rajusté pour le contribuable à ce moment dépassait sa juste valeur marchande à ce moment, (iv) il a été désigné dans le choix par le contribuable; le produit de disposition de ce bien est réputé égal au plus élevé des montants suivants et le bien est réputé avoir été acquis de nouveau par le contribuable immédiatement après ce moment à un coût égal à ce produit : (iv) la juste valeur marchande du bien à ce moment, (v) le prix de base rajusté du bien pour le contribuable immédiatement avant ce moment ou, s’il est inférieur, le montant qu’il a indiqué dans le choix relativement au bien. Malgré les paragraphes 152(4) à (5), doit être établie à l’égard de l’impôt payable par le contribuable en vertu de la présente partie pour sa dernière année d’imposition s’étant terminée avant le 23 février 1994 toute cotisation nécessaire pour tenir compte du choix. (d) the amount, if any, by which Income Tax PART I Income Tax Financial Institutions Sections 142.6-142.7 1995, c. 21, s. 58; 1998, c. 19, s. 167; 1999, c. 22, s. 58; 2001, c. 17, s. 137; 2009, c. 2, s. 49; 2013, c. 34, s. 289. Definitions (i) the entrant bank, or (b) either (i) a bank, Impôt sur le revenu
Institutions financières
a) le total des montants déterminés selon les alinéas (9)b) et c) dépasse le montant déterminé selon l’alinéa (9)a), relativement au contribuable; b) le total des montants dont chacun représenterait, si le présent paragraphe ne s’appliquait pas, la perte en capital déductible du contribuable pour sa dernière année d’imposition qui s’est terminée avant le 23 février 1994 résultant de la disposition d’un bien aux termes de l’alinéa (8)b) dépasse le total des montants représentant chacun le gain en capital imposable du contribuable pour l’année provenant de la disposition d’un bien réputé avoir fait l’objet d’une disposition aux termes de l’alinéa (8)a). [NOTE : Les dispositions d’application ne sont pas incluses dans le texte consolidé; voir les lois et règlements modificatifs appropriés.] 1995, ch. 21, art. 58; 1998, ch. 19, art. 167; 1999, ch. 22, art. 58; 2001, ch. 17, art. 137; 2009, ch. 2, art. 49; 2013, ch. 34, art. 289. Transformation d’une filiale de banque étrangère en succursale Définitions
banque entrante Société non-résidente qui est une banque étrangère autorisée ou qui a présenté une demande pour le devenir au surintendant des institutions financières. (entrant bank) bien admissible S’agissant du bien admissible d’une filiale canadienne à un moment donné, bien visé à l’un des alinéas 85(1.1)a) à c) que la filiale utilise ou détient, immédiatement avant ce moment, dans le cadre de l’exploitation de son entreprise au Canada. (eligible property) filiale canadienne S’agissant de la filiale canadienne d’une banque entrante à un moment donné, la société canadienne qui, immédiatement avant ce moment, était affiliée à la banque entrante et qui, tout au long de la période ayant commencé le 11 février 1999 et s’étant terminée au moment donné, a été, à la fois : a) affiliée : (i) soit à la banque entrante, (ii) soit à une banque étrangère (au sens de l’article 2 de la Loi sur les banques) qui est affiliée à la banque entrante au moment donné; b) l’une des entités suivantes : (i) une banque, (ii) une société autorisée par la Loi sur les sociétés de fiducie et de prêt à exploiter une entreprise d’offre au public de services de fiduciaire, (iii) une société dont l’activité principale au Canada consiste en l’une des activités visées aux sous-alinéas 518(3)(a)(i) à (v) de la Loi sur les banques et dans le cadre de laquelle la banque entrante ou une personne non-résidente qui lui est affiliée détient des actions, directement ou indirectement, sous le régime d’un arrêté pris par le ministre des Finances, ou d’un décret pris par le gouverneur en conseil, en vertu du paragraphe 521(1) de cette loi. (Canadian affiliate) fusion étrangère déterminée L’unification ou la combinaison de plusieurs sociétés qui constituerait une fusion étrangère au sens du paragraphe 87(8.1) si ce paragraphe s’appliquait compte non tenu des passages « et autrement que à la suite de l’attribution de biens à une société lors de la liquidation d’une autre société ». (qualifying foreign merger) Fusion étrangère déterminée
Lorsqu’une banque entrante est constituée par suite d’une fusion étrangère déterminée, survenue le 11 février 1999, ou après cette date, de plusieurs sociétés (appelées « sociétés remplacées » au présent paragraphe) et que, immédiatement avant la fusion, il existait plusieurs sociétés canadiennes (appelées « filiales remplacées » au présent paragraphe) dont chacune aurait été, à ce moment, une filiale canadienne d’une société remplacée si celle-ci avait été alors une banque entrante, les présomptions suivantes s’appliquent : a) pour l’application de la définition de filiale canadienne au paragraphe (1) : (i) chaque filiale remplacée est réputée avoir été affiliée à la banque entrante tout au long de la période ayant commencé le 11 février 1999 et s’étant terminée au moment de la fusion, (ii) l’expression « banque entrante » au sous-alinéa b)(iii) de cette définition est réputée comprendre les sociétés remplacées, (iii) en cas de fusion ou d’unification de plusieurs filiales remplacées après le 11 février 1999 pour former une nouvelle société, cette dernière est réputée avoir été affiliée à la banque entrante tout au long de la période ayant commencé à cette date et s’étant terminée au moment de la fusion ou de l’unification; Specified debt obligations b) si au moins une des sociétés remplacées s’est conformée aux exigences de l’alinéa (11)a), la banque entrante est réputée s’y être conformée. Établissement de succursale — transfert
Les paragraphes 85(1) (sauf son alinéa e.2)), (1.1), (1.4) et (5) s’appliquent, avec les adaptations nécessaires, au transfert d’un bien admissible à une banque entrante par sa filiale canadienne si la banque entrante commence, immédiatement après le transfert, à utiliser ou à détenir le bien dans le cadre de son entreprise bancaire canadienne et si elle fait, avec la filiale, conjointement en vertu du paragraphe (11), le choix d’assujettir le transfert au présent paragraphe. À cette fin, le passage de ce paragraphe 85(1) précédant l’alinéa a) est remplacé par ce qui suit : « 85 (1) Lorsqu’un contribuable qui est la filiale canadienne d’une banque entrante (au sens qui ces expressions s’entendent au paragraphe 142.7(11)) a disposé, au cours d’une année d’imposition, d’un de ses biens en faveur de la banque entrante (appelée dans le présent paragraphe la « société »), et que le contribuable et la société ont fait conjointement le choix prévu au paragraphe 142.7(3), les règles suivantes s’appliquent : ». Juste valeur marchande réputée
Lorsqu’une filiale canadienne d’une banque entrante et celle-ci ont fait le choix prévu au paragraphe (3) relativement au transfert d’un bien de la filiale canadienne à la banque entrante, la juste valeur marchande du bien est réputée, pour l’application des paragraphes 15(1), 52(2), 69(1), (4) et (5), 246(1) et 247(2) relativement au transfert, être égale au montant dont la filiale canadienne et la banque entrante ont convenu aux termes de leur choix. Titres de créances déterminés
Pour l’application des articles 142.2 à 142.4 et 142.6, une banque entrante est réputée, à l’égard d’un titre de créance déterminé, constituer la même société que sa filiale canadienne et être la continuation de celle-ci lorsque celle-ci et la banque entrante font conjointement le choix prévu au paragraphe (3), si la filiale canadienne est une institution financière au cours de l’année d’imposition où le transfert est effectué et si le montant convenu entre elles aux termes du choix relativement au titre est égal au montant de base du titre au sens du paragraphe 142.4(1). Biens évalués à la valeur du marché
Lorsque la filiale canadienne d’une banque entrante visée à l’alinéa (11)a) transfère celle-ci, à un moment Reserves
If (a) at a particular time, then donné de la période visée à l’alinéa (11)c), un bien qui est, pour l’année d’imposition de la filiale canadienne au cours de laquelle le bien est transféré, un bien évalué à la valeur du marché de la filiale, les présomptions suivantes s’appliquent : a) pour l’application des paragraphes 112(5) à (5.21) et (5.4), de la définition de bien évalué à la valeur du marché au paragraphe 142.2(1) et du paragraphe 142.5(9), la banque entrante est réputée, à l’égard du bien, être la même société que la filiale canadienne et en être la continuation; b) pour l’application du paragraphe 142.5(2) à l’égard du bien, l’année d’imposition de la filiale canadienne au cours de laquelle le bien est transféré est réputée s’être terminée immédiatement avant le moment où le bien a été transféré. Provisions
Dans le cas où les conditions suivantes sont réunies : a) à un moment donné, selon le cas : (i) la filiale canadienne d’une banque entrante transfère à celle-ci un bien qui est un prêt ou un autre crédit, ou un droit de recevoir un montant impayé au titre d’une disposition de bien effectuée par la filiale avant le moment donné, (ii) la banque entrante prend en charge une obligation de la filiale canadienne qui est un effet ou un engagement visé à l’alinéa 20(1)l.1) ou une obligation relative à des marchandises, services, fonds de terre ou biens meubles ou personnels visés aux sous-alinéas 20(1)m)(i), (ii) ou (iii); b) le bien est transféré ou l’obligation, prise en charge pour un montant égal à sa juste valeur marchande au moment donné; c) immédiatement après le moment donné, la banque entrante commence à utiliser ou à détenir le bien, ou à être débitrice de l’obligation, dans le cadre de son entreprise bancaire canadienne; d) la filiale canadienne et la banque entrante font choix conjoint, conformément au paragraphe (11), d’assujettir le transfert ou la prise en charge au présent paragraphe, les présomptions suivantes s’appliquent : e) pour l’application des alinéas 20(1)l), l.1), m), n) et p) relativement à l’obligation ou au bien, l’année d’imposition de la filiale canadienne qui, en l’absence du f) pour ce qui du calcul du revenu de la filiale canadienne et de la banque entrante pour les années d’imposition se terminant au moment donné ou postérieurement : (i) tout montant déduit par la filiale canadienne relativement au bien ou à l’obligation, en application des alinéas 20(1)(l), l.1), m) ou n), dans le calcul de son revenu pour son année d’imposition terminée immédiatement avant le moment donné ou, en application de l’alinéa 20(1)(p), dans le calcul de son revenu pour cette année ou pour une année d’imposition antérieure (dans la mesure où le montant n’a pas été inclus dans le revenu de la filiale en vertu de l’alinéa 12(1)(x)) est réputé avoir été ainsi déduit par la banque entrante dans le calcul de son revenu pour sa dernière année d’imposition terminée avant le moment donné et ne pas avoir été déduit par la filiale canadienne, (ii) pour l’application de l’alinéa 20(1)(m), un montant à l’égard des biens, services, terrains, chatels ou biens meubles corporels qui a été inclus, en application de l’alinéa 12(1)a), dans le calcul du revenu de la filiale canadienne tiré d’une entreprise est réputé avoir été ainsi inclus dans le calcul du revenu de la banque entrante tiré de son entreprise bancaire canadienne pour une année d’imposition antérieure, (iii) pour l’application de l’alinéa 20(1)n) relativement à un bien visé au sous-alinéa a)(i) et aux alinéas b), c) et d) vendu par la filiale canadienne dans le cadre d’une entreprise, le bien est réputé avoir fait l’objet d’une disposition par la banque entrante (et non par la filiale canadienne) au moment où la filiale canadienne en a disposé, et le montant relatif à la vente qui a été inclus dans le calcul du revenu de la filiale canadienne tiré d’une entreprise est réputé avoir été inclus dans le calcul du revenu de la banque entrante tiré de son entreprise bancaire canadienne pour son année d’imposition qui comprend le moment auquel il a été ainsi disposé du bien, (iv) pour l’application des alinéas 40(1)a) ou 44(1)e) relativement à un bien visé au sous-alinéa a)(i) et aux alinéas b), c) et d) dont la filiale canadienne a disposé, le bien est réputé avoir fait l’objet d’une disposition par la banque entrante (et non par la filiale canadienne) au moment où la filiale canadienne en a disposé, le montant déterminé selon Assumption of debt obligation a.1) [Repealed, 2013, c. 34, s. 290] Prise en charge de dettes
Lorsqu’une filiale canadienne d’une banque entrante visée à l’alinéa (11)a) transfère, à un moment donné de la période visée à l’alinéa (11)c), un bien à cette dernière et qu’une partie de la contrepartie du transfert consiste en la prise en charge par la banque entrante, dans le cadre de son entreprise bancaire canadienne, d’une dette de la filiale canadienne, les règles suivantes s’appliquent : a) lorsque la filiale canadienne et la banque entrante font conjointement le choix, conformément au paragraphe (11), de se prévaloir du présent alinéa : (i) d’une part, (A) la valeur de cette partie de la contrepartie du transfert du bien, (B) pour ce qui est de déterminer les conséquences de la prise en charge de la dette et de tout règlement ou extinction subséquent de celle-ci, la valeur de la contrepartie donnée à la banque entrante pour la prise en charge de la dette, sont réputées être un montant (appelé « montant de la prise en charge ») égal au montant impayé sur le principal de la dette à ce moment; (ii) d’autre part, le montant de la prise en charge n’est pas considéré comme une modalité de l’opération qui diffère de celle qui aurait été conclue entre personnes sans lien de dépendance du seul fait qu’il ne correspond pas à la juste valeur marchande de la dette au moment donné; a.1) [Abrogé, 2013, ch. 34, art. 290] b) lorsque la dette est libellée en monnaie étrangère et que la filiale canadienne et la banque entrante font conjointement le choix, conformément au paragraphe (11), de se prévaloir du présent alinéa : Branch-establishment dividend Treatment of dividend relativement à la dette, en raison de la fluctuation de la valeur de la monnaie étrangère par rapport à la monnaie canadienne, par : (A) la filiale canadienne lors de la prise en charge de la dette est réputé nul, (B) la banque entrante lors du règlement ou de l’extinction de la dette est déterminé en fonction du montant de la dette en monnaie canadienne au moment où elle est devenue une dette de la filiale canadienne, et (ii) d’autre part, pour ce qui est du choix effectué à l’égard de la dette conformément à l’alinéa a), le montant impayé sur le principal de la dette à ce moment représente le total des montants représentant chacun une somme avancée à la filiale canadienne sur le principal, qui demeure impayé à ce moment et qui est déterminé en fonction du taux de change applicable entre la monnaie étrangère et la monnaie canadienne au moment de l’avance; c) pour l’application des alinéas 20(1)e) et f) relativement à la dette, la dette est réputée ne pas avoir été réglée ni éteinte du fait qu’elle a été prise en charge par la banque entrante, et la banque entrante est réputée être la même société que la filiale canadienne et en être la continuation. Établissement de succursale — dividende
Malgré les autres dispositions de la présente loi, les règles énoncées au paragraphe (10) s’appliquent si, selon le cas : a) la filiale canadienne d’une banque entrante verse un dividende à la banque entrante ou à une personne qui est affiliée à la filiale canadienne et qui réside dans le pays de résidence de la banque entrante; b) un dividende est réputé être versé pour l’application des dispositions de la présente partie ou de la partie XIII, à l’exception de l’alinéa 214(3)a), par suite d’un transfert de bien de la filiale canadienne à une telle personne. À cette fin, la filiale canadienne et la banque entrante doivent faire conjointement le choix, conformément au paragraphe (11), d’assujettir le dividende au paragraphe (10). Règles applicables au dividende
Si les conditions énoncées au paragraphe (9) sont réunies, les règles suivantes s’appliquent : Elections
An election under subsection (3) or (7), paragraph (8)(a) or (b) or subsection (10), (12) or (14) is valid only if a) le dividende est réputé (sauf pour l’application des paragraphes 112(3) à (7)) ne pas être un dividende imposable; b) est ajouté au montant déterminé par ailleurs, selon l’alinéa 219(1)g), relativement à la banque entrante pour sa première année d’imposition se terminant après le versement du dividende, le montant du dividende moins, dans le cas où le dividende est versé au moyen ou résulte d’un bien admissible relativement auquel la filiale canadienne et la banque entrante ont fait conjointement le choix prévu au paragraphe (3), du dépassement de la juste valeur marchande du bien transféré sur le montant convenu par la filiale canadienne et la banque entrante dans leur choix. Choix
Le choix prévu aux paragraphes (3) ou (7), aux alinéas (8)a) ou b) ou aux paragraphes (10), (12) ou (14) n’est valide que si les conditions suivantes sont réunies : a) la banque entrante qui le fait s’est conformée, au plus tard le jour qui suit de six mois la date de sanction de la Loi de 2000 modifiant l’impôt sur le revenu, aux alinéas 1.1b) et c) du Guide d’établissement des succursales de banques étrangères concernant l’établissement et le fonctionnement d’une succursale de banque étrangère au Canada, préparé par le Bureau du surintendant des institutions financières, en sa version du 31 décembre 2000; b) le choix est fait sur le formulaire prescrit au plus tard à la date d’échéance de production applicable à la filiale canadienne ou, si elle survient antérieurement, à la date d’échéance de production applicable à la banque entrante, pour l’année d’imposition qui comprend, selon le cas : (i) dans le cas du choix prévu aux paragraphes (3) ou (7), aux alinéas (8)a) ou b) ou au paragraphe (10), le dividende, le transfert ou la prise en charge auquel le choix se rapporte est versé ou effectué, (ii) dans le cas du choix prévu au paragraphe (12), le moment auquel l’ordonnance de dissolution a été délivrée ou la liquidation a commencé; c) dans le cas du choix prévu aux paragraphes (3) ou (7), aux alinéas (8)a) ou b) ou au paragraphe (10), le dividende, le transfert ou la prise en charge auquel le choix se rapporte est versé ou effectué au cours de la période qui : (i) commence à la date où le surintendant rend une ordonnance relativement à la banque entrante en vertu du paragraphe 534(1) de la Loi sur les banques, (ii) se termine au dernier en date des (A) the earlier of
If (i) commence le jour où le surintendant délivre, à l’égard de la banque entrante, l’ordonnance d’agrément visée au paragraphe 534(1) de la Loi sur les banques, (ii) se termine au dernier en date des jours suivants : (A) le premier en date des jours suivants : (I) le jour qui suit d’un an le jour mentionné au sous-alinéa (i), (II) le jour qui suit de trois ans la date de sanction de la Loi de 2000 modifiant l’impôt sur le revenu, (B) le jour qui suit d’un an la date de sanction de la Loi de 2000 modifiant l’impôt sur le revenu. Liquidation d’une filiale canadienne — pertes
Dans le cas où les conditions suivantes sont réunies : a) au cours de la période visée à l’alinéa (11)c) relativement à la banque entrante : (i) le ministre des Finances a délivré, en application de l’article 342 de la Loi sur les banques ou de l’article 347 de la Loi sur les sociétés de fiducie et de prêt, des lettres patentes de dissolution de la filiale canadienne ou, en application de l’article 345 de la Loi sur les banques ou de l’article 350 de la Loi sur les sociétés de fiducie et de prêt, a agréé la demande de dissolution de la filiale canadienne (ces lettres patentes ou cet arrêté étant appelés « ordonnance de dissolution » au présent paragraphe), (ii) la filiale canadienne a été liquidée en vertu de la loi sur les sociétés la régissant; b) la banque entrante exploite au Canada la totalité ou une partie de l’entreprise que la filiale canadienne exploitait auparavant; c) la filiale canadienne et la banque entrante font le choix conjoint, conformément au paragraphe (11), de se prévaloir du présent article, les règles ci-après s’appliquent dans le cadre de l’article 111 en vue du calcul du revenu imposable gagné au Canada de la banque entrante pour une année d’imposition commençant après la date de l’ordonnance de dissolution ou le début de la liquidation, selon le cas : d) sous réserve des alinéas e) et h), la partie d’une perte autre qu’une perte en capital de la filiale canadienne pour une année d’imposition (appelée « année de la perte de la filiale canadienne » au présent alinéa) qu’il est raisonnable de considérer comme résultant de l’exploitation d’une entreprise au Canada (appelée « entreprise déficitaire » au présent alinéa) ou comme se rapportant à une demande faite en vertu de l’article 110.5, dans la mesure où : (i) d’une part, elle n’a pas été déduite dans le calcul du revenu imposable, pour une année d’imposition, de la filiale canadienne ou de toute autre banque entrante, (ii) d’autre part, elle aurait été déductible dans le calcul du revenu imposable de la filiale canadienne pour une année d’imposition commençant après la date de l’ordonnance de dissolution ou le début de la liquidation, selon le cas, à supposer que la filiale canadienne ait eu une telle année d’imposition ainsi qu’un revenu suffisant pour cette année, est réputée, pour l’année d’imposition de la banque entrante au cours de laquelle s’est terminée l’année de la perte de la filiale canadienne, être une perte autre qu’une perte en capital de la banque entrante relativement à une demande faite en vertu de l’article 110.5, une perte autre qu’une perte en capital de la banque entrante relativement au montant demandé selon le sous-alinéa 115(1)a)(vii), qui n’était pas déductible par la banque entrante dans le calcul de son revenu imposable gagné au Canada pour une année d’imposition ayant commencé avant la date de l’ordonnance de dissolution ou le début de la liquidation, selon le cas; e) si une personne ou un groupe de personnes acquiert le contrôle de la filiale canadienne ou de la banque entrante, aucun montant au titre de la perte autre qu’une perte en capital de la filiale canadienne pour une année d’imposition se terminant avant l’acquisition de contrôle (appelée « année antérieure » au présent alinéa) n’est déductible dans le calcul du revenu imposable gagné au Canada de la banque entrante pour une année d’imposition donnée se terminant après l’acquisition de contrôle; toutefois, la partie de la perte qu’il est raisonnable de considérer comme résultant de l’exploitation d’une entreprise au Canada et, dans le cas où la filiale canadienne a exploité une entreprise au Canada au cours de l’année antérieure, la partie de la perte qu’il est raisonnable de considérer comme se rapportant à un montant déductible en application de l’alinéa 110(1)k) dans le calcul de son revenu imposable pour l’année sont déductibles : (i) d’une part, n’a pas été déduite dans le calcul du revenu imposable, pour une année d’imposition, de la filiale canadienne ou de toute autre banque entrante, (ii) d’autre part, aurait été déductible dans le calcul du revenu imposable de la filiale canadienne pour une année d’imposition commençant après la date de l’ordonnance de dissolution ou le début de la liquidation, selon le cas, à supposer que la filiale canadienne ait eu une telle année d’imposition ainsi qu’un revenu et des gains en capital imposables suffisants pour cette année; g) si une personne ou un groupe de personnes acquiert le contrôle de la filiale canadienne ou de la banque entrante, aucun montant au titre de la perte en capital nette de la filiale canadienne pour une année d’imposition se terminant avant l’acquisition de contrôle n’est déductible dans le calcul du revenu imposable gagné au Canada de la banque entrante pour Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Financial Institutions
(i) subparagraph 13(21.2)(e)(iii) shall be read without reference to clause (E) of that subparagraph, (ii) [Repealed, 2016, c. 12, s. 51] (iv) paragraph 40(3.4)(b) shall be read without reference to subparagraph (v) of that paragraph; Impôt sur le revenu
Institutions financières
une année d’imposition se terminant après l’acquisition de contrôle; h) la banque entrante peut faire un choix, dans sa déclaration de revenu pour une année d’imposition donnée commençant après la date de l’ordonnance de dissolution ou le début de la liquidation, selon le cas, afin que toute perte de la filiale canadienne qui autrement serait réputée, par les alinéas d) ou f), être une perte de la banque entrante pour l’année donnée soit réputée, pour ce qui est du calcul du revenu imposable gagné au Canada de la banque entrante pour les années d’imposition commençant après cette date, être une telle perte de la banque entrante pour une année d’imposition précédente et non pour l’année donnée. Liquidation d’une filiale canadienne — limitation des pertes
Dans le cas où une filiale canadienne et sa banque entrante ont fait le choix conjoint prévu au paragraphe (3) ou (12), les règles suivantes s’appliquent : a) si le choix porte sur un transfert de biens, directement ou indirectement, par la filiale canadienne à la banque entrante ou à une personne avec laquelle elle a un lien de dépendance, ou pour leur compte, il n’est pas tenu compte de la division 13(21.2)e)(iii)(E), (i) la division 13(21.2)e)(iii)(E), (ii) [Abrogé, 2016, ch. 12, art. 51] (iii) le sous-alinéa 18(15)b)(iv), (iv) le sous-alinéa 40(3.4)b)(v); b) si le choix porte sur un bien de la filiale canadienne qui est attribué à la banque entrante ou à une personne avec laquelle elle a un lien de dépendance, pour leur compte, il n’est pas tenu compte de l’alinéa 69(5)d); c) pour l’application des paragraphes 13(21.2), 18(15) et 40(3.4) à un bien dont la filiale canadienne a disposé, la banque entrante est réputée, après la dissolution ou la liquidation de la filiale canadienne, être la même société que celle-ci et en être la continuation. Liquidation d’une filiale canadienne — titres de créance déterminés
Lorsque la filiale canadienne d’une banque entrante et celle-ci remplissent les conditions énoncées aux alinéas (12)a) et b) et font conjointement, conformément au Income Tax PART I Income Tax Provisions of Special Rules Applicable in Certain Circumstances Financial Institutions Sections 142.7-143 Communal Organizations Communal organizations Impôt sur le revenu
Institutions Financières
[NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs pertinents.] Organismes communautaires Organismes communautaires 143 (1) Lorsqu’une congrégation, ou une ou plusieurs de ses agences commerciales, exploite une ou plusieurs entreprises ayant notamment pour objet de veiller à la subsistance ou à l’entretien des membres de la congrégation ou de toute autre congrégation, les règles suivantes s’appliquent : a) une fiducie est réputée être établie en une date qui est le plus tardif des suivants : (i) le 31 décembre 1976, (ii) le jour où la congrégation a commencé à exister; b) la fiducie est réputée avoir continué d’exister sans interruption depuis le jour déterminé selon l’alinéa a); c) les biens de la congrégation sont réputés être ceux de la fiducie; d) les biens de chaque agence commerciale de la congrégation au cours d’une année civile sont réputés être ceux de la fiducie tout au long de la partie de l’année durant laquelle la fiducie existe; e) si la congrégation est une société, celle-ci est réputée être le fiduciaire qui contrôle les biens de la fiducie; f) si la congrégation n’est pas une société, le conseil, le comité de direction, l’exécutif, le comité d’administration, les dirigeants ou autre groupe de personnes chargé de la gestion de la congrégation sont réputés être les fiduciaires qui contrôlent les biens de la fiducie; g) la congrégation est réputée agir et a toujours agi à titre de mandataire de la fiducie en toute matière liée à ses entreprises et autres activités; h) chaque agence commerciale de la congrégation au cours d’une année civile est réputée avoir agi à titre de and (ii) section 20.01 shall be read without reference to paragraphs 20.01(2)(b) and (c) and subsection 20.01(3). (m) [Repealed, 2023, c. 26, s. 35]
where mandataire de la fiducie en toute matière, au cours de l’année, liée à ses entreprises et autres activités; ii) les membres de la congrégation sont réputés être les bénéficiaires de la fiducie; j) l’impôt prévu par la présente partie est payable par la fiducie sur son revenu imposable pour chaque année d’imposition; k) dans le calcul du revenu de la fiducie pour une année d’imposition : (i) sous réserve de l’alinéa l), aucune déduction ne peut être opérée au titre des salaires, rémunérations ou avantages de toute sorte versés aux membres de la congrégation, (ii) aucune déduction ne peut être opérée en application du paragraphe 104(6), sauf dans la mesure où une partie du revenu de la fiducie (déterminé compte non tenu de ce paragraphe) est attribuée aux membres de la congrégation conformément au paragraphe (2); l) pour l’application de l’article 20.01 à la fiducie : (i) chaque membre de la congrégation est réputé être une personne habitant chez la fiducie, (ii) il n’est pas tenu compte des alinéas 20.01(2)b) et c) ni du paragraphe 20.01(3). m) [Abrogé, 2023, c. 26, art. 35] Choix visant le revenu
La fiducie visée au paragraphe (1) quant à une congrégation peut faire un choix pour une année d’imposition, dans un document où est précisé le nom de tous les membres participants de la congrégation conformément au paragraphe (5), pour que les règles ci-après s’appliquent : a) pour l’application des paragraphes 104(6) et (13), le montant payable au cours de l’année à un membre participant donné de la congrégation sur le revenu de la fiducie (déterminé compte non tenu du paragraphe 104(6)) correspond au montant obtenu par la formule suivante : 0,8 (A × B/C) + D + (0,2A - E)/F où : A représente le revenu imposable de la fiducie pour l’année (déterminé compte non tenu du paragraphe 104(6) et des conséquences fiscales futures spécifiées pour l’année), B is (ii) in any other case, 0.5, A représente le revenu imposable de la fiducie pour l’année (déterminé compte non tenu du paragraphe 104(6) ni des conséquences fiscales futures déterminées pour l’année), B : (i) si, d’après le document concernant le choix, le membre donné est une personne (appelée « membre désigné » au présent paragraphe) à qui le présent sous-alinéa s’applique, 1, (ii) dans les autres cas, 0,5, C la somme des montants suivants : (i) le nombre de membres désignés de la congrégation, (ii) la moitié du nombre des autres membres participants de la congrégation pour l’année, D le montant éventuel qui, d’après le document concernant le choix, constitue un montant supplémentaire attribué au membre donné en vertu du présent paragraphe, E le total des montants représentant chacun un montant qui, d’après le document concernant le choix, constitue un montant supplémentaire attribué en vertu du présent paragraphe à un membre participant de la congrégation pour l’année, F le nombre de membres participants de la congrégation pour l’année; b) le membre désigné de chaque famille à la fin de l’année est réputé avoir subvenu aux besoins des autres membres de la famille au cours de l’année et ceux-ci sont réputés être entièrement à la charge du membre désigné au cours de l’année; c) le revenu imposable pour l’année de chaque membre de la congrégation est calculé compte non tenu du paragraphe 110(2); d) si la fiducie tire un revenu d’une entreprise au cours de l’année, la partie du montant payable au cours de l’année à un membre participant donné de la congrégation sur le revenu de la fiducie en vertu de l’alinéa a) qu’il est raisonnable de considérer comme se rapportant à ce revenu est réputée être un revenu d’une entreprise exploitée par le membre donné. Le document concernant le choix doit être présenté au ministre au plus tard à la date d’échéance de production qui est applicable à la fiducie pour l’année. A × B/C where Definitions d’administrateurs), dans le cas d’une société, ou l’ensemble des participations, dans le cas d’une fiducie ou autre personne, appartiennent à la congrégation tout au long de la partie de l’année donnée durant laquelle la congrégation et la société, fiducie ou autre personne, selon le cas, existent. (business agency) congrégation Communauté, association ou assemblée de particuliers, constituée ou non en société, qui répond aux conditions suivantes : a) ses membres vivent et travaillent ensemble; b) elle adhère aux pratiques et croyances de l’organisme religieux dont elle fait partie et agit en conformité avec les principes de cet organisme; c) elle ne permet pas à ses membres d’être propriétaires de biens de leur propre chef; d) elle exige de ses membres qu’ils consacrent leur vie professionnelle aux activités de la congrégation. (congregation) famille a) Dans le cas d’un adulte non marié et ne vivant pas en union de fait, cette personne et ses enfants non mariés et ne vivant pas en union de fait qui ne sont pas des adultes; b) dans le cas d’un adulte marié ou vivant en union de fait, cette personne et son époux ou conjoint de fait et les enfants non mariés de chacun d’eux ou des deux qui ne sont pas des adultes et ne vivent pas en union de fait. Le terme ne vise toutefois pas le particulier qui fait partie d’une autre famille ou qui n’est pas membre de la congrégation dont fait partie la famille. (family) membre d’une congrégation a) Adulte qui vit avec les membres de la congrégation et qui observe les pratiques de l’organisme religieux dont la congrégation est une partie constituante, qu’il ait ou non été officiellement admis dans l’organisme; b) personne qui, à la fois, est l’enfant d’un adulte visé à l’alinéa a), n’est pas mariée, ne vit pas en union de fait, n’est pas un adulte et vit avec les membres de la congrégation; (member of a congregation) membre participant Quant à une congrégation pour une année d’imposition, particulier qui, à la fin de l’année, est un adulte de la congrégation. (participating member) total Crown gifts [Repealed, 2014, c. 39, s. 48] total ecological gifts has the same meaning as in subsection 118.1(1). (total des dons de biens écosensibles) (A) where the preceding year ended before 1998, specified in an election under subsection (2) by the trust for the preceding year, and organisme religieux Organisme, autre qu’un organisme de bienfaisance enregistré, dont une congrégation est une partie constituante, qui adhère à des croyances qui comprennent la croyance en un être suprême et qui se manifestent dans les principes religieux et philosophiques de l’organisme. (religious organization) total des dons à l’État [Abrogée, 2014, ch. 39, art. 48] total des dons de bienfaisance S’entend au sens du paragraphe 118.1(1). (total charitable gifts) total des dons de biens culturels S’entend au sens du paragraphe 118.1(1). (total cultural gifts) total des dons de biens écosensibles S’entend au sens du paragraphe 118.1(1). (total ecological gifts) Énumération des membres d’une famille
Pour l’application du paragraphe (2) au choix donné fait par la fiducie visée au paragraphe (1) quant à une congrégation pour une année d’imposition donnée, les règles ci-après s’appliquent : a) sous réserve de l’alinéa b), le nom d’un membre participant de la congrégation est considéré comme étant précisé dans le document concernant le choix donné conformément au présent paragraphe que si l’une des conditions ci-dessous est remplie : (i) dans le cas où la famille du participant ne compte qu’un adulte à la fin de l’année donnée, il est, d’après le document concernant le choix donné, une personne à qui s’applique le sous-alinéa (i) de l’élément B de la formule figurant au paragraphe (2) (appelé « sous-alinéa applicable » au présent paragraphe), (ii) dans les autres cas, seulement un des adultes de la famille du participant est, d’après ce document, une personne à qui s’applique le sous-alinéa applicable; b) le nom d’un particulier est considéré comme n’ayant pas été précisé dans le document concernant le choix donné conformément au présent paragraphe si, à la fois : (i) le particulier est l’un de deux particuliers qui étaient mariés l’un à l’autre, ou vivaient en union de fait, à la fin d’une année d’imposition antérieure de la fiducie et à la fin de l’année donnée, (ii) l’un de ces particuliers était : Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Financial Institutions Sections 143.1-143.1 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 143; 1994, c. 7, Sch. II, s. 116; 2012, c. 31, s. 12; 2013, c. 12, ss. 134, 142; c. 19, s. 141; 2017, c. 7, ss. 245, 236(2); 2013, c. 34, s. 291; 2014, c. 39, s. 48; 2019, c. 29, s. 25; 2023, c. 26, s. 35. Definitions (c) not a professional athlete. (athlète amateur) Impôt sur le revenu
Institutions Financières
(A) si l’année antérieure s’est terminée avant 1998, un particulier dont le nom était précisé dans le document concernant le choix prévu au paragraphe (2), effectué par la fiducie pour cette année, (B) dans les autres cas, une personne à qui s’applique le sous-alinéa applicable d’après le document concernant le choix prévu au paragraphe (2), effectué par la fiducie pour l’année, (iii) l’autre particulier est, d’après le document concernant le choix donné, une personne à qui s’applique le sous-alinéa applicable. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et les règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 143; 1994, ch. 7, ann. II, art. 116; 2012, ch. 31, art. 12; 2013, ch. 12, art. 134, 142; ch. 19, art. 141; 2017, ch. 7, art. 245 et 236(2); 2013, ch. 34, art. 291; 2014, ch. 39, art. 48; 2019, ch. 29, art. 25; 2023, ch. 26, art. 35. Définitions
athlète amateur Tout particulier, sauf une fiducie, qui, au moment considéré, répond aux conditions suivantes : a) il est membre d’une association canadienne enregistrée de sport amateur; b) il s’est qualifié pour compétitionner, lors d’une manifestation sportive internationale sanctionnée par une fédération sportive internationale, en tant que membre de l’équipe nationale canadienne; c) il n’est pas un athlète professionnel. (amateur athlete) athlète professionnel Tout particulier qui reçoit un revenu qui constitue une rétribution pour ses activités à titre de joueur ou d’athlète dans un sport professionnel ou est autrement attribuable à ces activités. (professional athlete) revenu de performance admissible S’entend, à l’égard d’un particulier, du revenu qui, à la fois : a) est reçu par le particulier pendant une année d’imposition au cours de laquelle : (i) il était, à un moment quelconque, un athlète amateur, (ii) il n’était, à aucun moment, un athlète professionnel; b) peut raisonnablement être considéré comme étant lié à la participation du particulier à titre d’athlète Where subsection (1.2) applies (1.1) Subsection (1.2) applies where, at any time, Amateur athletes’ reserve funds amateur à une ou plusieurs manifestations sportives internationales visées à la définition de athlète amateur; c) constitue un revenu de promotion, un prix sous forme d’argent ou un revenu obtenu en raison d’apparitions publiques ou de discours. (qualifying performance income) tiers Est un tiers dans le cadre d’un arrangement visé à l’alinéa (1.1)b) toute personne qui n’a aucun lien de dépendance avec l’athlète amateur en ce qui a trait à l’arrangement. (third party) Application du par. (1.2) (1.1) Le paragraphe (1.2) s’applique dans les cas suivants : a) un organisme national de sport qui est une association canadienne enregistrée de sport amateur reçoit une somme au profit d’un particulier dans le cadre d’un arrangement conclu selon les règles d’une fédération sportive internationale exigeant que les sommes soient détenues, contrôlées et gérées par l’organisme afin de préserver l’admissibilité du particulier à participer à une compétition sportive sanctionnée par la fédération; b) un particulier conclut un arrangement qui, à la fois : (i) est un compte auprès d’un émetteur qui est visé à l’alinéa b) de la définition de arrangement admissible au paragraphe 146.2(1) ou qui serait ainsi visé si cette définition s’appliquait au moment considéré, (ii) prévoit que seules les sommes qui représentent un revenu de performance admissible du particulier ou des intérêts ou revenus relatifs aux biens déposés ou ajoutés au compte, portés à son crédit, peuvent être déposées ou ajoutées au compte, (iii) prévoit que le tiers est un signataire obligatoire de tout retrait effectué sur le compte, (iv) n’est pas un régime enregistré d’épargne-retraite ni un compte d’épargne libre d’impôt. Fonds de réserve pour athlètes amateurs (1.2) Le cas échéant, les règles ci-après s’appliquent relativement à un arrangement visé au paragraphe (1.1) : a) une fiducie (appelée « fiducie au profit d’un athlète amateur » au présent article) est réputée, à la fois : Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Financial Institutions
Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Financial Institutions
Death of beneficiary [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1994, c. 7, Sch. VIII, s. 81; 2009, c. 2, s. 50; 2014, c. 39, s. 49; 2016, c. 7, s. 62. Definitions Impôt sur le revenu
Institutions financières
a) si la fiducie est redevable pour l’année donnée de l’impôt prévu à la partie XII.2, 60 % de la juste valeur marchande de l’ensemble des biens qu’elle détient à ce moment; b) sinon, la juste valeur marchande de l’ensemble des biens qu’elle détient à ce moment. À cette fin, la période donnée correspond à la période de huit ans se terminant au cours de l’année donnée et commençant au cours des années suivantes suivant la dernière : a) si le bénéficiaire a participé à une épreuve internationale à titre de membre d’une équipe nationale canadienne, l’année de sa dernière participation; b) l’année de l’établissement de la fiducie. Décès d’un bénéficiaire
La fiducie au profit d’un athlète amateur qui détient des biens pour le compte d’un bénéficiaire qui décède au cours d’une année est réputée avoir distribué au bénéficiaire immédiatement avant son décès un montant représentant : a) si la fiducie est redevable pour l’année de l’impôt prévu à la partie XII.2, 60 % de la juste valeur marchande de l’ensemble des biens qu’elle détient immédiatement avant le décès; b) sinon, la juste valeur marchande de l’ensemble des biens qu’elle détient immédiatement avant le décès. [NOTE : Les dispositions d’application ne sont pas incluses dans le texte consolidé; voir les lois et règlements modificatifs applicables.] 1994, ch. 7, ann. VIII, art. 81; 2009, ch. 2, art. 50; 2014, ch. 39, art. 49; 2016, ch. 7, art. 62. Coûts des abris fiscaux déterminés et dettes à recours limité relatives aux arrangements de don Définitions
abri fiscal déterminé a) Bien qui est un abri fiscal pour l’application du paragraphe 237.1(1); b) participation d’un contribuable dans une société de personnes, si selon le cas : (i) les conditions suivantes sont réunies : (A) une participation dans la contribuable est un abri fiscal déterminé, Income Tax PART I Income Tax DIVISION K Special Rules Applicable in Certain Circumstances
(B) that other taxpayer’s partnership interest is a tax shelter investment. (abri fiscal déterminé) At-risk adjustment Impôt sur le revenu
Coûts des abris fiscaux déterminés et dettes à recours limité relatives aux arrangements de don
(B) la participation du contribuable serait un abri fiscal déterminé si, à la fois : (I) il n’était pas tenu compte du présent alinéa ni du passage « compte tenu des déclarations ou d’annonces faites ou envisagées relativement au bien » dans la définition de abri fiscal au paragraphe 237.1(1), (II) les passages « qui est annoncé comme étant » dans cette définition étaient remplacés par « qui serait vraisemblablement », (III) une autre participation dans la société de personnes constitue un abri fiscal déterminé, (iii) la participation du contribuable dans la société de personnes lui donne droit, directement ou indirectement, à une part du revenu ou de la perte d’une société de personnes donnée, dans le cas où : (A) un autre contribuable détenant une participation dans une société de personnes a droit, directement ou indirectement, à une part du revenu ou de la perte de la société de personnes donnée, et (B) la participation visée à la division (A) constitue un abri fiscal déterminé. (tax shelter investment) commanditaire S’entend au sens du paragraphe 96(2.4), compte non tenu du passage « si sa participation dans celle-ci n’est pas, à ce moment, une participation exonérée au sens du paragraphe (2.5) ». (limited partner) contribuable Comprend une société de personnes. (taxpayer) dépense Dépense engagée ou effectuée, ou coût ou coût en capital d’un bien. (expenditure) montant à recours limité Principal impayé d’une dette à l’égard de laquelle le recours est limité dans l’immédiat ou pour l’avenir et conditionnellement ou non. (limited-recourse amount) Montant de rajustement à risque
Pour l’application du présent article, le montant ou l’avantage qu’un contribuable, ou un autre contribuable avec qui il a un lien de dépendance, a le droit, immédiat ou futur et absolu ou conditionnel, de recevoir sous forme de remboursement, de compensation, de réduction de recettes, de droit de disposition, de prêt ou d’autre forme de dette ou sous toute autre forme — et qui est Income Tax PART I Income Tax DIVISION E Special Rules Applicable in Certain Circumstances
Impôt sur le revenu
Coût des abris fiscaux d’investissement et dettes à recours limité relatives aux arrangements de don
accordé en vue de supprimer ou de réduire l’effet d’une perte que le contribuable peut subir relativement à la dépense ou, dans le cas où la dépense représente le coût ou le coût en capital d’un bien, une perte résultant du fait que le bien est détenu ou fait l’objet d’une disposition constitue un montant de rajustement à risque relatif à la dépense du contribuable. Le présent paragraphe ne s’applique pas au coût d’une participation dans une société de personnes à laquelle s’applique le paragraphe 96(2.2). Montant exclu
Pour l’application du paragraphe (2): a) un montant ou un avantage ne constitue pas un montant de rajustement à risque relatif à la dépense d’un contribuable dans la mesure où il est inclus dans le calcul de la valeur de l’élément J de la formule figurant à la définition de frais cumulatifs d’exploration au Canada au paragraphe 66.1(6), de l’élément M de la formule figurant à la définition de frais cumulatifs d’aménagement au Canada au paragraphe 66.2(5) ou de l’élément N de la formule figurant à la définition de frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz au paragraphe 66.4(5) relativement au contribuable; b) un montant ou un avantage ne constitue pas un montant de rajustement à risque relatif à la dépense d’un contribuable si le droit au montant ou à l’avantage résulte, selon le cas : (i) d’un contrat d’assurance avec une compagnie d’assurance qui n’a de lien de dépendance ni avec le contribuable ni, dans le cas où la dépense représente le coût d’une participation dans une société de personnes, avec par lequel le contribuable est assuré contre toute réclamation pouvant découler d’une obligation contractée dans le cours normal des activités de l’entreprise du contribuable ou de la société de personnes, (ii) du décès du contribuable, (iii) d’un montant non compris dans la dépense, déterminé compte non tenu du sous-alinéa (6)b)(ii), (iv) d’une obligation exclue, au sens du paragraphe 6202.1(5) du Règlement de l’impôt sur le revenu, relativement à une action émise en faveur du contribuable ou, dans le cas où la dépense représente le coût d’une participation dans une société de personnes, en faveur de la société de personnes. Amount or benefit Amount or benefit exceeds (b) the total of Income Tax PART I Income Tax
Repayment of indebtedness --- Impôt sur le revenu
Coûts des titres fiscaux déterminés et dettes à recours limité relatives aux arrangements de don
Dette à recours limité relative à un don ou à une contribution monétaire (6.1) La dette à recours limité relative au don ou à la contribution monétaire d’un contribuable, au moment où le don ou la contribution est fait, correspond au total des sommes suivantes : a) chaque montant à recours limité à ce moment, du contribuable et des autres contribuables qui ont un lien de dépendance avec lui, qu’il est raisonnable de considérer comme se rapportant au don ou à la contribution; b) chaque montant à recours limité à ce moment, déterminé selon le présent article dans son application à chaque autre contribuable avec lequel le contribuable n’a aucun lien de dépendance, et qui détient, directement ou indirectement, une participation dans celui-ci, qu’il est raisonnable de considérer comme se rapportant au don ou à la contribution; c) chaque somme qui représente le montant impayé à ce moment de toute autre dette d’un contribuable visé aux alinéas a) ou b), qu’il est raisonnable de considérer comme se rapportant au don ou à la contribution, dans le cas où cette dette ou toute autre dette est assortie d’une garantie, d’une indemnité ou d’un engagement semblable. Remboursement de dette
Pour l’application du présent article, le principal impayé d’une dette est réputé être un montant à recours limité sauf si : a) des arrangements, constatés par écrit, ont été conclus de bonne foi, au moment où la dette est survenue, pour que le débiteur rembourse la dette et les intérêts y afférents dans une période raisonnable ne dépassant pas 10 ans; b) les intérêts sont payables au moins annuellement, à un taux égal ou supérieur au moins élevé des taux suivants, et sont payés sur la dette par le débiteur au plus tard 60 jours suivant la fin de chacune de ses années d’imposition qui se termine dans la période visée à l’alinéa a) : (i) le taux d’intérêt prescrit en vigueur au moment où la dette est survenue, (ii) le taux d’intérêt prescrit applicable de temps à autre durant la période de la dette, Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
Timing Timing Short-term debt (ii) le taux d’intérêt prescrit applicable pendant la durée de la dette. Société de personnes
Pour l’application du présent article, le principal impayé d’une dette est réputé être un montant à recours limité d’un contribuable lorsque celui-ci est une société de personnes et que le recours contre un de ses associés relativement à la dette est limité dans l’immédiat ou pour l’avenir et conditionnellement ou non. Remboursement d’un prêt
Dans le cas où un contribuable a remboursé un montant au titre du principal d’une dette qui était auparavant le principal impayé d’un prêt ou de toute autre forme de dette auquel s’applique le paragraphe (2) (appelé « ancien montant ou avantage » au présent paragraphe) relativement à une dépense du contribuable, les présomptions suivantes s’appliquent : a) l’ancien montant ou avantage est réputé avoir été un montant ou un avantage visé au paragraphe (2) relativement au contribuable en tout temps avant le remboursement; b) la dépense est réputée, sous réserve du paragraphe (6), avoir été engagée ou effectuée au moment du remboursement, jusqu’à concurrence du montant remboursé et par suite du paiement de ce montant. Remboursement d’un montant à recours limité
Dans le cas où un contribuable a remboursé un montant au titre du principal d’une dette qui était auparavant un principal impayé et était un montant à recours limité (appelé « ancienne dette à recours limité » au présent paragraphe) se rapportant à une dépense du contribuable, les présomptions suivantes s’appliquent : a) l’ancienne dette à recours limité est réputée avoir été un montant à recours limité en tout temps avant le remboursement; b) la dépense est réputée, sous réserve du paragraphe (6), avoir été engagée ou effectuée au moment du remboursement, jusqu’à concurrence du montant remboursé et par suite du paiement de ce montant. Remboursement à court terme d’une dette
Lorsqu’un contribuable rembourse le principal d’une dette au plus tard le soixantième jour suivant le moment où la dette est survenue ou que celle-ci serait par ailleurs considérée comme un montant à recours limité Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances
Impôt sur le revenu
Coûts des abris fiscaux déterminés et dettes à recours limité relatives aux arrangements de don
par le seul effet des paragraphes (7) ou (8), ces paragraphes ne s’appliquent pas à la dette, sauf si, selon le cas : a) une partie du remboursement est effectuée à l’aide d’un montant à recours limité; b) il est raisonnable de considérer que le remboursement fait partie d’une série de prêts ou d’autres dettes et remboursements qui prend fin plus de 60 jours après le moment où elle survient. Série de prêts ou de remboursements
Pour l’application de l’alinéa (7)a), les arrangements pris par un débiteur en vue du remboursement d’une dette sur une période d’au plus dix ans sont réputés ne pas avoir été pris s’il est raisonnable de considérer qu’ils font partie d’une série de prêts ou d’autres dettes et remboursements qui s’étendent sur plus de dix ans. Renseignements à l’étranger concernant une dette
Pour l’application du présent article, lorsqu’il est raisonnable de considérer que des renseignements concernant une dette se rapportant à une dépense, un don ou une contribution d’un contribuable sont disponibles à l’étranger et que le ministre n’est pas convaincu que le principal impayé de la dette n’est pas un montant à recours limité, le principal impayé de la dette qui se rapporte à la dépense, au don ou à la contribution est réputé être un montant à recours limité se rapportant à la dépense, au don ou à la contribution, sauf si, selon le cas : a) les renseignements sont fournis au ministre; b) les renseignements se trouvent dans un pays avec lequel le gouvernement du Canada a conclu une convention ou un accord fiscal qui a force de loi au Canada et qui comporte une disposition en vertu de laquelle le ministre peut obtenir les renseignements. Renseignements à l’étranger concernant le lien de dépendance
Pour l’application du présent article, lorsqu’il est raisonnable de considérer que des renseignements relatifs à la question de savoir si un contribuable a un lien de dépendance avec un autre contribuable se trouvent à l’étranger et que le ministre n’est pas convaincu de l’absence d’un tel lien, les contribuables sont réputés avoir entre eux un lien de dépendance, sauf si, selon le cas : a) les renseignements sont fournis au ministre; b) les renseignements se trouvent dans un pays avec lequel le gouvernement du Canada a conclu une convention ou un accord fiscal qui a force de loi au Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Sections 143.2-143.3 Expenditure — Limitations Definitions Options — limitation Corporate shares — limitation Impôt sur le revenu
Coûts des actifs fiscaux déterminés et dettes à recours limité relatives aux arrangements de don
Canada et qui comprend une disposition en vertu de laquelle le ministre peut obtenir les renseignements. Cotisations
Malgré les paragraphes 152(4) à (5), le ministre peut établir les cotisations voulues et déterminer ou déterminer de nouveau les montants voulus pour l’application du présent article. (NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; 1998, ch. 19, art. 168; 2013, ch. 34, art. 293. Dépenses — restrictions Définitions
contribuable Y sont assimilées les sociétés de personnes. (taxpayer) dépense Dépense effectuée ou engagée par un contribuable, ou coût ou capital d’un bien qu’il a acquis. (expenditure) option a) Titre émis ou vendu par un contribuable aux termes d’une convention mentionnée au paragraphe 7(1); b) option, bon de souscription ou droit semblable, émis ou consenti par un contribuable et conférant au détenteur le droit d’acquérir une participation dans le contribuable ou dans un autre contribuable avec lequel celui-ci n’a un lien de dépendance au moment où l’option, le bon ou le droit est émis ou consenti. (option) Options — restriction
Pour le calcul du revenu, du revenu imposable ou de l’impôt à payer d’un contribuable, ou d’une somme considérée comme payée au titre de son impôt à payer, la dépense du contribuable est réputée ne comprendre nulle partie de celle-ci qui, en l’absence du présent paragraphe, serait incluse dans la dépense du fait que le contribuable a émis ou consenti une option après le 16 novembre 2005. Actions de sociétés — restriction
Pour le calcul du revenu, du revenu imposable ou de l’impôt à payer d’une société, ou d’une somme considérée comme payée au titre de son impôt à payer, la dépense de Income Tax PART I Income Tax DIVISION H Special Rules Applicable in Certain Circumstances Expenditures — Limitations
Impôt sur le revenu
Dépenses — restrictions
la société qui, en l’absence du présent paragraphe, comprendrait une somme du fait que la société émette une action de son capital-actions après le 16 novembre 2005 est diminuée de celle des sommes ci-après qui est applicable : a) si l’émission de l’action ne fait pas suite à l’exercice d’une option, l’excédent de la juste valeur marchande de l’action au moment de son émission sur celles des sommes ci-après qui est applicable : (i) si l’opération dans le cadre de laquelle l’action est émise est visée aux articles 85, 85.1 ou 138, la somme qui, selon l’article en cause, correspond au coût, pour la société émettrice, du bien acquis en contrepartie de l’émission de l’action, (ii) dans les autres cas, le montant de la contrepartie qui correspond à la juste valeur marchande du bien qui a été transféré à la société émettrice, ou émis en sa faveur, ou des services qui lui ont été fournis, pour émettre l’action; b) si l’émission de l’action fait suite à l’exercice d’une option, l’excédent de la juste valeur marchande de l’action au moment de son émission sur le montant payé, conformément aux conditions de l’option, pour avoir émis l’action. Participations d’entités non constituées — restriction
Pour le calcul du revenu, du revenu imposable ou de l’impôt à payer d’un contribuable (sauf une société), ou d’une somme considérée comme payée au titre de son impôt à payer, la dépense du contribuable qui, en l’absence du présent paragraphe, comprendrait une somme du fait de l’émission par le contribuable d’une de ses propres participations, ou de la création d’une participation dans lui-même, après le 16 novembre 2005 est diminuée de celle des sommes ci-après qui est applicable : a) si l’émission ou la création de la participation ne fait pas suite à l’exercice d’une option, l’excédent de la juste valeur marchande de la participation au moment de son émission ou de sa création sur celles des sommes ci-après qui est applicable : (i) si l’opération dans le cadre de laquelle la participation est émise ou créée est visée aux alinéas 70(6)(b) ou 73(1.01)c), au paragraphe 97(2) ou aux articles 107.4 ou 132.2, la somme qui, selon la disposition en cause, correspond au coût pour le contribuable du bien acquis en contrepartie, (ii) dans les autres cas, le montant de la contrepartie qui correspond à la juste valeur marchande du
For greater certainty, Expenditure — Limit for Contingent Amount Definitions bien qui a été transférée au contribuable, ou émis en sa faveur, ou des services qui lui ont été fournis, contre la participation; b) si l’émission ou la création de la participation fait suite à l’exercice d’une option, l’excédent de la juste valeur marchande de la participation au moment de son émission ou de sa création sur la somme que le détenteur a versée au contribuable, conformément aux conditions de l’option, contre la participation. Précisions
Il est entendu : a) que le paragraphe (2) n’a pas pour effet de réduire les dépenses qui sont des commissions, honoraires ou autres sommes au titre de services rendus par une personne en tant que vendeur, mandataire ou courtier en valeurs dans le cadre de l’émission d’une option; b) que les paragraphes (3) et (4) n’ont pas pour effet de réduire les dépenses d’un contribuable dans la mesure où elles ne comportent pas des sommes déterminées comme des excédents selon ces paragraphes; c) que le coût ou le coût en capital d’un bien, déterminé selon le paragraphe 70(6), les articles 73, 85 ou 85.1, le paragraphe 97(2) ou les articles 107.4, 132.2 ou 138, est déterminé compte non tenu du présent article; d) que le montant d’une dépense d’un contribuable est déterminé compte non tenu du présent article si le montant de la dépense, déterminé selon l’article 69, est inférieur à celui qui serait déterminé selon le présent article en l’absence du présent alinéa; e) que le présent article n’a pas pour effet d’interdire la déduction d’une somme en application de l’alinéa 110(1)e). [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir lois et règlements modificatifs appropriés.] 2013, ch. 34, art. 294; 2021, ch. 23, art. 29. Dépenses — limite relative à un montant éventuel Définitions
contribuable Sont assimilées les sociétés de personnes. (taxpayer) Income Tax PART I Income Tax DIVISION F Special Rules Applicable in Certain Circumstances
(montant éventuel) exceeds Payment of contingent amount Impôt sur le revenu
DÉPENSE — Limite relative à un montant éventuel
dépense Dépense engagée ou effectuée par un contribuable, ou coût ou capital d’un bien qu’il a acquis. (expenditure) droit de réduire Le droit de réduire ou d’éliminer une somme relative à une dépense, étant entendu que ce droit comprend un droit de réduire qui dépend de la survenance d’un événement, ou de toute autre chose, s’il est raisonnable de conclure, compte tenu des circonstances, que le droit pourra être exercé. (right to reduce) montant éventuel Le montant éventuel d’un contribuable à un moment donné, sauf en moment où il est un faill, comprend une somme que le contribuable, ou un autre contribuable avec lequel il a un lien de dépendance, a le droit de réduire en tout ou en partie à ce moment. (contingent amount) Limitation du montant de la dépense
Pour l’application de la présente loi, si une dépense d’un contribuable se produit au cours d’une année d’imposition donnée, le montant de la dépense à un moment donné correspond à la moins élevée des sommes suivantes : a) le montant de la dépense à ce moment, calculé selon la présente loi, compte non tenu du présent article; b) le montant le moins élevé de la dépense, obtenu par la soustraction, du montant de la dépense déterminé selon l’alinéa a), de l’excédent du total visé au sous-alinéa (i) sur celui visé au sous-alinéa (ii) : (i) le total des sommes représentant chacun un montant éventuel du contribuable au cours de l’année relativement à la dépense, (ii) le total des sommes représentant chacune : (A) une somme payée par le contribuable afin d’obtenir le droit de réduire une somme relative à la dépense, (B) un montant à recours limité pour l’application de l’alinéa 143.2(6)b) qui réduit la dépense en vertu du paragraphe 143.2(6) dans la mesure où il constitue également un montant éventuel visé au sous-alinéa (i) relativement à la dépense. Paiement d’un montant éventuel
Pour l’application de la présente loi, si un contribuable paie, au cours d’une année d’imposition donnée, la totalité ou une partie d’un montant éventuel visé à Subsequent years (b) to be an amount referred to in subparagraph 12(1)(x)(iv). Subsequent contingent amount exceeds l’alinéa (2)b) qui est appliquée en réduction du montant de sa dépense visé à l’alinéa (2)a), la partie du montant éventuel que le contribuable a payée au cours de cette année en vue de gagner un revenu, et seulement cette partie, est réputée, à la fois : a) avoir été engagée par le contribuable au cours de l’année donnée; b) avoir été engagée dans le même but et avoir la même qualité que la dépense ainsi réduite; c) être devenue à payer par le contribuable pour l’année donnée. Années postérieures
Sous réserve du paragraphe (6), si, à un moment d’une année d’imposition qui est postérieure à celle au cours de laquelle une dépense du contribuable a été produite, le contribuable, ou un autre contribuable avec lequel il a un lien de dépendance, a le droit de réduire une somme relative à la dépense (appelée « dépense antérieure » au présent paragraphe et au paragraphe (5)), qui se serait produite si le contribuable ou l’autre contribuable avait eu le droit de réduire la somme au cours d’une année d’imposition donnée finissant avant ce moment, de façon que le paragraphe (2) se soit appliqué au cours de cette année de façon à réduire ou à éliminer le montant de la dépense antérieure, le montant éventuel subséquent du contribuable relativement à cette dépense, déterminé selon le paragraphe (5), est réputé, dans la mesure où le paragraphe (2) et le présent paragraphe ne se sont pas déjà appliqués relativement à la dépense : a) d’une part, être une somme qu’il a reçue à ce moment pendant qu’il tirait un revenu d’une entreprise ou d’un bien d’une personne visée au sous-alinéa 12(1)(x)(i); b) d’autre part, être une somme visée au sous-alinéa 12(1)(x)(iv). Montant éventuel subséquent
Pour l’application du paragraphe (4), le montant éventuel subséquent d’un contribuable relativement à une dépense antérieure du contribuable est celui qui correspond à l’excédent du montant visé à l’alinéa a) sur la somme visée à l’alinéa b) : a) le montant maximal qui, en raison d’un droit de réduire une somme relative à la dépense antérieure, peut être appliqué en réduction de cette somme; b) la somme payée en vue d’obtenir le droit de réduire la somme relative à la dépense antérieure. DIVISION G Definitions Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements
b) si l’année se termine après 2004, l’excédent éventuel du montant qui représenterait le solde des gains en capital exonérés du bénéficiaire relativement à la fiducie pour l’année s’il n’était pas tenu compte du passage « qui se termine avant 2005 » dans la définition de solde des gains en capital exonérés au paragraphe 39.1(1), sur l’un des montants suivants : (i) en cas de disposition d’une participation ou d’une partie d’une participation du bénéficiaire dans la fiducie après l’année d’imposition 2004 du bénéficiaire (sauf une disposition qui fait partie d’une opération visée à l’alinéa 7.1(c) dans le cadre de laquelle un bien est reçu en règlement de la totalité ou d’une partie des participations du bénéficiaire dans la fiducie), le total des montants représentant chacun un montant ajouté, par l’effet de l’alinéa 53(1)p), au prix de base rajusté d’une participation ou d’une partie d’une participation dont le bénéficiaire a disposé (sans tenir compte de la totalité ou d’une partie des participations du bénéficiaire visée à l’alinéa (7.1)c)), (ii) dans les autres cas, zéro. (unused portion of a beneficiary’s exempt capital gains balance) régime de participation des employés aux bénéfices À un moment donné, arrangement dans le cadre duquel, à la fois : a) un employeur est tenu de faire des versements — calculés en fonction soit des bénéfices qu’il tire de son entreprise, soit des bénéfices tirés de l’entreprise d’une société avec laquelle il a un lien de dépendance, soit d’une combinaison de ces bénéfices — à un fiduciaire dans le cadre de l’arrangement au profit de ses employés ou de ceux d’une société avec laquelle il a un lien de dépendance; b) le fiduciaire a attribué, conditionnellement ou non, à ces employés, depuis la dernière de ces dates, soit le début de l’arrangement et la fin de 1949, les montants suivants : (i) au cours de chaque année terminée au moment donné ou antérieurement, les bénéfices pour l’année tirés de la fiducie, déterminés compte exceeds (iii) in any other case, nil. (fraction inutilisée du solde des gains en capital exonérés) non tenu des gains en capital que la fiducie a réalisés, ou des pertes en capital qu'elle a subies, après 1955, (iii) au cours de chaque année terminée après 1971 et au moment donné ou antérieurement, les gains en capital et les pertes en capital de la fiducie pour l'année, (iv) au cours de chaque année terminée après 1993 et au moment donné ou antérieurement, les 100/105 du total des montants représentant chacun un montant réputé par le paragraphe (9) dans le revenu d'un employé au titre de l'impôt prévu par la présente partie du fait qu'il a cessé d'être un bénéficiaire dans le cadre du régime au cours de l'année, (v) au cours de chaque année terminée après 1991 et au moment donné ou antérieurement, le total des montants représentant chacun un montant qui peut être déduit en vertu de l'alinéa (9) dans le revenu de l'employé du fait qu'il a cessé d'être un bénéficiaire dans le cadre du régime au cours de l'année. (employees profit sharing plan) Aucun impôt payable
Aucun impôt n'est payable en vertu de la présente partie par une fiducie sur son revenu imposable pour l'année d'imposition tout au long de laquelle elle est régie par un régime de participation des employés aux bénéfices. Imposition d'allocation versée avec ou sans réserve
Est incluse dans le calcul du revenu, pour une année d'imposition, d'un employé qui est bénéficiaire d'un régime de participation des employés aux bénéfices, chaque somme qui lui est attribuée, avec ou sans réserve, par le fiduciaire en vertu du régime, à un moment donné dans l'année, sauf en ce qui concerne : a) un paiement fait par l'employé au fiduciaire; b) un gain en capital réalisé par la fiducie avant 1972; c) un gain en capital de la fiducie pour une année d'imposition se terminant après 1971; d) un gain réalisé par la fiducie après 1971 sur la disposition d'une immobilisation, sauf dans la mesure où le gain est un gain en capital visé à l'alinéa c); Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements
(f) [Repealed, 1994, c. 21, s. 68(2)] Idem Idem Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements
(d) the adjusted cost base to the trust of the property on that day, or Employer’s contribution to trust deductible --- Impôt sur le revenu
Régimes de participation des employés aux bénéfices
immobilisation quelconque de la fiducie comme ayant fait l’objet d’une disposition, auquel cas l’immobilisation est réputée avoir fait l’objet d’une disposition à la date désignée par le fiduciaire pour un produit de disposition égal : c) à la juste valeur marchande de l’immobilisation, à cette date; d) au prix de base rajusté, pour la fiducie, de l’immobilisation, à cette date; e) à un montant qui n’est ni supérieur au plus élevé de c) et de d) ni inférieur au moins élevé de c) et de d), au choix du fiduciaire, et avoir été acquis de nouveau par la fiducie immédiatement après, à un coût égal à ce produit. Les contributions patronales versées à une fiducie sont déductibles
Une somme versée par un employeur à un fiduciaire, en vertu d’un régime de participation des employés aux bénéfices, pendant une année d’imposition ou dans les 120 jours suivants peut être déduite dans le calcul du revenu de l’employeur pour cette année d’imposition, dans la mesure où elle n’a pas été déduite dans le calcul du revenu pour une année d’imposition antérieure. Les sommes reçues par un bénéficiaire sont déductibles
Une somme reçue d’un fiduciaire, par un bénéficiaire, au cours d’une année d’imposition, en vertu d’un régime de participation des employés aux bénéfices n’est pas à inclure dans le calcul du revenu du bénéficiaire pour l’année. Sommes non déductibles reçues par un bénéficiaire
Malgré le paragraphe (6), la fraction de la somme qu’un bénéficiaire a reçue d’un fiduciaire au cours d’une année d’imposition, en vertu d’un régime de participation des employés aux bénéfices, qui ne peut être considérée comme attribuable : a) aux versements faits par l’employé au fiduciaire; b) aux sommes devant être incluses dans le calcul du revenu de l’employé pour l’année d’imposition considérée ou une année d’imposition antérieure; c) à un gain en capital réalisé par la fiducie avant 1972; d) à un gain en capital de la fiducie pour une année d’imposition se terminant après 1971, dans la mesure où la fiducie l’attribue au bénéficiaire; that is subject to paragraph 144(7.1)(c), deemed to be exceeds régime, laquelle somme ou lesquelles sommes n’excèdent pas au total le montant des dividendes imposables ainsi inclus, chacun des employés qui est bénéficiaire en vertu du régime est réputé avoir reçu d’une société canadienne imposable un dividende imposable égal au moins élevé des montants suivants : a) la somme qui serait incluse dans le calcul de son revenu pour l’année en vertu du présent article, compte non tenu de l’alinéa (3)e); b) la somme qui lui a été ainsi attribuée pour l’application du présent paragraphe. Déduction d’impôt étranger (8.1) Pour l’application du paragraphe 126(1), les règles suivantes s’appliquent : a) la partie du revenu qu’une fiducie régie par un régime de participation des employés aux bénéfices a tiré, au cours d’une année d’imposition, de sources (autres qu’une entreprise exploitée par elle) situées dans un pays étranger et (i) d’une part, qu’il est raisonnable de considérer (eu égard à toutes les circonstances, y compris les modalités du régime) comme faisant partie : (A) soit du revenu qui, en vertu du paragraphe (3), a été inclus dans le calcul du revenu, pour une année d’imposition, d’un employé donné qui a été bénéficiaire en vertu du régime, (B) soit de l’excédent éventuel du total visé à la subdivision (I) sur le total visé à la subdivision (II): (I) le total des sommes dont chacune est un gain en capital de la fiducie qui, en vertu du paragraphe (4), a été réputé être un gain en capital de l’employé donné pour une année d’imposition, (II) le total des sommes dont chacune est une perte en capital de la fiducie qui, en vertu du paragraphe (4), a été réputé être une perte en capital de l’employé donné pour l’année d’imposition, (ii) d’autre part, qui n’a été attribuée par la fiducie à aucun autre employé qui était bénéficiaire en vertu du régime, est si la fiducie l’a ainsi attribuée à l’employé donné dans sa déclaration de revenu produite pour l’année, en vertu de la présente partie, réputée être le revenu (8.2) [Repealed, 1994, c. 21, s. 68(3)] A - B - C/4 - D where Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Sections 144-144.1 Payments out of profits Taxation year of trust [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 144; 1994, c. 21, s. 68; 1995, c. 3, s. 42; 1998, c. 19, s. 169. Definitions actuary means a Fellow of the Canadian Institute of Actuaries. (actuaire) class of beneficiaries of a trust means a group of beneficiaries who have identical rights or interests under the trust. (catégorie de bénéficiaires) (a) from a group sickness or accident insurance plan; Impôt sur le revenu
Régimes de participation des employés aux bénéfices
C le total des dividendes imposables que la personne est réputée avoir reçus en raison d’une attribution effectuée en vertu du paragraphe (8) dans le cadre du régime; D le total des montants qui sont déductibles en application du présent paragraphe dans le calcul du revenu de la personne pour une année d’imposition antérieure du fait que cette dernière a cessé d’être bénéficiaire dans le cadre du régime au cours d’une année d’imposition antérieure. Versements sur les bénéfices
Pour l’application du paragraphe (1), lorsque les modalités d’un arrangement en vertu duquel un employeur fait des versements à un fiduciaire prévoient expressément que les versements sont à faire « sur les bénéfices », l’arrangement est réputé, si l’employeur fait un choix en ce sens selon les modalités réglementaires, être un arrangement dans le cadre duquel les versements calculés en fonction des bénéfices de l’employeur sont à faire. Année d’imposition de la fiducie
Lorsqu’un régime de participation des employés aux bénéfices est accepté par le ministre à titre de régime de participation différée aux bénéfices, l’année d’imposition de la fiducie assujettie au régime de participation des employés aux bénéfices est réputée avoir pris fin immédiatement avant que le régime soit réputé avoir été agréé comme régime de participation différée aux bénéfices conformément au paragraphe 147(5). [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 144; 1994, ch. 21, art. 68; 1995, ch. 3, art. 42; 1998, ch. 19, art. 169. Fiducie de soins de santé au bénéfice d’employés Définitions
actuaire Fellow de l’Institut canadien des actuaires. (actuary) catégorie de bénéficiaires S’entend, relativement à une fiducie, d’un groupe de bénéficiaires dont les droits sur la fiducie ou les participations dans celle-ci sont identiques. (class of beneficiaries) employé Employé actuel ou ancien d’un employeur, y compris tout particulier à l’égard duquel l’employeur a (d) in respect of a counselling service described in subparagraph 6(1)(a)(iv); or assumé la responsabilité d’assurer des prestations désignées du fait qu’il a acquis une entreprise dans laquelle le particulier occupait un emploi. (employee) employé clé S’entend, par rapport à un employeur pour une année d’imposition, de tout employé qui, selon le cas : a) était un employé déterminé de l’employeur au cours de l’année ou d’une année d’imposition antérieure; b) était un employé dont le revenu d’emploi provenant de l’employeur au cours de deux des cinq années d’imposition précédant l’année dépassait cinq fois le maximum des gains annuels ouvrant droit à pension, au sens de l’article 18 du Régime de pensions du Canada, pour l’année civile où le revenu d’emploi a été gagné. (key employee) prestation désignée Une prestation qui, selon le cas : a) provient d’un régime d’assurance collective contre la maladie ou les accidents; b) provient d’une police collective d’assurance-maladie; c) provient d’un régime privé d’assurance-maladie; d) découle de la prestation de services d’aide visée au sous-alinéa 6(1)a)(iv); e) n’est pas une prestation consécutive au décès, mais qui le serait si les montants déterminés pour les alinéas a) et b) de la définition de prestation consécutive au décès au paragraphe 248(1) étaient zéro. (designated employee benefit) Fiducie de soins de santé au bénéfice d’employés
La fiducie qui est établie au bénéfice d’employés d’un ou de plusieurs employeurs (appelés « employeur participant » au présent paragraphe) est une fiducie de soins de santé au bénéfice d’employés pour une année d’imposition si, tout au long de l’année, selon les conditions qui la régissent : a) le seul objet de la fiducie consiste à verser des prestations à des personnes visées aux sous-alinéas d)(i) ou (ii) ou à leur profit et la totalité ou la presque totalité du coût des prestations s’applique à des prestations désignées; b) au moment de sa liquidation ou de sa réorganisation, les biens de la fiducie ne peuvent être distribués qu’aux personnes suivantes : (i) chaque bénéficiaire restant de la fiducie qui est visé aux sous-alinéas d)(i) ou (ii) (autre qu’un (iv) Her Majesty in right of Canada or a province; (i) chaque bénéficiaire restant de la fiducie qui est visé aux sous-alinéas d)(i) ou (ii) (sauf les employés clés et les particuliers liés à ceux-ci), en proportion de leur participation, (ii) une autre fiducie de soins de santé au bénéfice d’employés, (iii) après le décès du dernier bénéficiaire visé aux sous-alinéas d)(i) ou (ii), Sa Majesté du chef du Canada ou d’une province; c) la fiducie remplit l’une des conditions suivantes : (i) elle est tenue de résider au Canada, le lieu de résidence étant déterminé compte non tenu de l’article 94, (ii) les faits ci-après s’avèrent, lorsque la condition au sous-alinéa (i) n’est pas remplie : (A) des prestations sont prévues pour les employés qui résident au Canada et ceux qui ne résident pas au Canada, (B) un ou plusieurs employeurs participants sont des employeurs résidant dans un pays autre que le Canada, (C) la fiducie doit être résidente d’un pays dans lequel réside un employeur participant; d) les seuls bénéficiaires de la fiducie sont des personnes dont chacune est : (i) un employé d’un employeur participant ou d’un ancien employeur participant, (ii) un particulier qui, par rapport à un employé d’un employeur participant ou d’un ancien employeur participant, est (ou, l’employé étant décédé, était au moment du décès) : (A) l’époux ou le conjoint de fait de l’employé, (B) une personne qui est liée à l’employé et qui habite chez lui ou est à sa charge, (iii) une autre fiducie de soins de santé au bénéfice d’employés, (iv) Sa Majesté du chef du Canada ou d’une province; e) la fiducie remplit l’une des conditions suivantes : (i) elle compte au moins une catégorie de bénéficiaires qui présente les caractéristiques suivantes : $2,500 × A/B/C where (A) les membres de la catégorie représentent au moins 25 % de l’ensemble des bénéficiaires de la fiducie qui sont des employés des employeurs participants relativement à la fiducie, (B) l’une des conditions suivantes est remplie : (I) au moins 75 % des membres de la catégorie ne sont pas des employés clés d’aucun des employeurs participants relativement à la fiducie, (II) les cotisations versées à la fiducie relativement à des employés clés qui n’ont pas de lien de dépendance avec leur employeur sont déterminées dans le cadre d’une convention collective, (ii) relativement au régime privé d’assurance-maladie en vertu de la fiducie, le total des prestations prévues pour chaque employé clé (et aux personnes visées au sous-alinéa (2)(d)(ii) relativement à l’employé clé) pour l’année ne dépasse pas le montant obtenu par la formule suivante : 2500 × A/B/C où : A représente le nombre total de personnes dont chacune est, à la fois : (A) une personne pour laquelle les prestations désignées conférées sont prévues par le régime, (B) une personne qui est l’employé clé ou une personne visée au sous-alinéa (2)(d)(ii) relativement à l’employé clé, B le nombre de jours dans l’année où l’employé clé occupe un emploi à temps plein auprès d’un employeur qui participe au régime, C le nombre de jours dans l’année; f) sauf si la condition énoncée au sous-alinéa e)(ii) est remplie, les droits dans le cadre de la fiducie de chaque employé clé d’un employeur participant ne sont pas plus avantageux que ceux d’une catégorie de bénéficiaires visée au sous-alinéa e)(i); g) les seuls droits consentis dans le cadre de la fiducie à un employeur participant ou à une personne ayant un lien de dépendance avec lui, à titre de bénéficiaire ou autrement, sont les suivants : (i) le droit à des prestations désignées, (iii) prescribed payments; and (h) [Repealed, 2021, c. 23, s. 30] Breach of terms, etc. (ii) le droit d’exiger l’exécution de conventions, de garanties ou de dispositions semblables concernant : (A) le maintien de la fiducie à titre de fiducie de soins de santé au bénéfice d’employés, (B) le fonctionnement de la fiducie de manière à éviter que le paragraphe (3) ne s’applique de façon à interdire la déduction par la fiducie d’une somme en application du paragraphe 104(6), (iii) le droit à des paiements prévus par règlement; h) [Abrogé, 2021, ch. 23, art. 30] i) les fiduciaires qui ont un lien de dépendance avec un ou plusieurs employeurs participants ne doivent pas représenter la majorité des fiduciaires de la fiducie. Violation des conditions
Aucune somme n’est déductible au cours d’une année d’imposition par une fiducie de soins de santé au bénéfice d’employés en application du paragraphe 104(6) si la fiducie, au cours de l’année : a) n’est pas administrée en conformité avec les conditions énoncées au paragraphe (2), sauf s’il est raisonnable de conclure que ses fiduciaires ne savaient ni n’auraient dû savoir que des prestations désignées sont prévues à des bénéficiaires autres que ceux visés aux sous-alinéas (2)d)(i) ou (ii), ou que des cotisations sont versées à leur nom; b) verse des prestations dont les cotisations ou les primes ne seraient pas déductibles dans le calcul du revenu d’un employeur relativement à une année d’imposition, si ces prestations avaient été versées directement à l’employé et ne provenaient pas de la fiducie. Déductibilité des cotisations patronales
Les règles ci-après s’appliquent au calcul du revenu d’un employeur : a) l’employeur peut déduire pour une année d’imposition la partie de ses cotisations versées à une fiducie de soins de santé au bénéfice d’employés au cours de l’année qu’il est raisonnable de considérer comme ayant été versée afin de permettre à la fiducie : (i) soit de verser des primes, à une compagnie d’assurance autorisée à offrir de l’assurance par la législation fédérale ou provinciale, pour le Canada ou pour une année antérieure (ii) otherwise provide Actuarial determination relativement à des prestations désignées pour des bénéficiaires visés aux sous-alinéas (2)d)(i) ou (ii), (ii) soit de fournir par ailleurs, selon le cas : (A) une assurance-vie collective temporaire visée à la division 18(9)a)(iii)(B), (B) des prestations désignées payables au cours de l’année ou d’une année antérieure à des bénéficiaires visés aux sous-alinéas (2)d)(i) ou (ii) ou à leur profit; b) la partie de toute cotisation versée à une fiducie de soins de santé au bénéfice d’employés qui excède la somme déductible en application de l’alinéa a) et qu’il est raisonnable de considérer comme ayant été versée afin de permettre à la fiducie d’offrir ou de payer des prestations visées aux sous-alinéas a)(i) ou (ii) au cours d’une année d’imposition ultérieure est déductible pour cette année. Calcul actuariel
Pour l’application du paragraphe (4), si un rapport relatif aux obligations d’un employeur en matière de financement d’une fiducie de soins de santé au bénéfice d’employés a été établi par un actuaire indépendant, selon des principes et normes actuariels reconnus, avant le versement d’une cotisation par l’employeur, la partie de la cotisation qui, selon le rapport, représente la somme que la fiducie devra vraisemblablement payer ou engager au cours d’une année d’imposition afin d’assurer des prestations désignées aux bénéficiaires visés aux sous-alinéas (2)d)(i) ou (ii) pour une année d’imposition est présumée, sauf preuve contraire, avoir été versée afin que la fiducie soit en mesure d’assurer ces prestations pour l’année. Déductibilité — convention collective ou entente similaire
Malgré le paragraphe (4) et l’alinéa 18(9)a), un employeur peut déduire dans le calcul de son revenu pour une année d’imposition la somme qu’il est tenu de verser pour l’année à une fiducie de soins de santé au bénéfice d’employés si les conditions ci-après sont réunies au moment du versement de la cotisation : a) l’employeur cotise à la fiducie conformément à une formule qui ne prévoit pas de variation des cotisations en fonction des résultats financiers de la fiducie, et l’une ou l’autre des conditions suivantes est remplie : (i) s’il y a une convention collective, la fiducie prévoit des prestations : (A) soit aux termes de la convention collective, Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements
Maximum deductible A – B where --- Impôt sur le revenu
Fiducie de soins de santé au bénéfice d’employés
(A) soit aux termes d’une convention collective, (B) soit aux termes d’un accord de participation, qui sont essentiellement les mêmes que les prestations prévues aux termes de la convention collective, (iii) dans les autres cas, la fiducie verse des prestations conformément à un accord qui remplit les conditions suivantes : (A) il existe une obligation légale pour chaque employeur de participer conformément aux modalités qui régissent la fiducie, (B) la fiducie compte au moins 50 bénéficiaires qui sont des employés des employeurs participants relativement à la fiducie, (C) aucun employé qui est un bénéficiaire de la fiducie n’a de lien de dépendance avec l’un des employeurs participants relativement à la fiducie; b) les cotisations à verser par chaque employeur sont déterminées en tout ou en partie en fonction du nombre d’heures travaillées par chacun de ses employés ou d’une autre mesure propre à chaque employé à l’égard duquel des cotisations sont versées à la fiducie. Déduction maximale
La somme qu’un employeur déduit au cours d’une année d’imposition dans le calcul de son revenu au titre de cotisations versées à une fiducie de soins de santé au bénéfice d’employés ne peut excéder la somme obtenue par la formule suivante : A – B où : A représente le total des sommes qu’il a versées à la fiducie au cours de l’année ou d’une année d’imposition antérieure; B le total des sommes qu’il a déduites au cours d’une année d’imposition antérieure au titre de sommes qu’il a versées à la fiducie. Billet à ordre d’employeur
Si un employeur émet un billet à ordre en faveur d’une fiducie de soins de santé au bénéfice d’employés, ou fournit une autre preuve de son endettement envers elle, au titre de son obligation envers elle, les règles suivantes s’appliquent : (a) l’émission du billet ou la fourniture de la preuve de l’endettement envers la fiducie ne constitue pas une cotisation à la fiducie; Trust status — subsequent times Income inclusion Deemed separate trusts a) l’émission du billet ou la fourniture de la preuve d’endettement ne constitue pas une cotisation à la fiducie; b) tout paiement effectué par l’employeur à la fiducie en règlement total ou partiel de son obligation constatée par le billet ou la preuve d’endettement, qu’il s’agisse d’un paiement de principal, d’intérêts ou d’une autre somme, est réputé être une cotisation patronale à la fiducie qui est assujettie au présent article et non un paiement de principal ou d’intérêts sur le billet ou la dette. Statut de la fiducie — moments subséquents
Lorsqu’il s’agit d’établir si une somme est déductible par un employeur en application du paragraphe (4), la fiducie qui était une fiducie de soins de santé au bénéfice d’employés au moment où un billet à ordre ou une autre preuve d’endettement visée au paragraphe (8) a été émis ou fourni est réputée être telle une fiducie à tout moment où une cotisation patronale est réputée avoir été faite aux termes de l’alinéa (8)b) relativement au billet ou à la dette. Cotisations salariales
Pour l’application de l’alinéa 6(1)f), du paragraphe 6(4) et de l’alinéa 118.2(2)q), les cotisations qu’un employé verse à une fiducie de soins de santé au bénéfice d’employés, dans la mesure où elles se rapportent à une prestation désignée et sont reconnues comme telles par la fiducie au moment où elles sont versées, sont réputées être des prestations effectuées par l’employé relativement à cette prestation. Somme à inclure dans le revenu
Si une fiducie qui est ou était une fiducie de soins de santé au bénéfice d’employés à un moment donné verse une somme à titre de distribution à une personne au cours d’une année d’imposition, le montant de la distribution est inclus dans le calcul du revenu de la personne pour l’année, sauf dans la mesure où il représente, selon le cas : a) une prestation désignée qui n’est pas incluse dans le revenu de la personne par l’effet de l’article 6; b) une distribution à une autre fiducie de soins de santé au bénéfice d’employés qui est bénéficiaire de la fiducie en cause. Fiducies réputées distinctes
Lorsque plusieurs employeurs versent des cotisations à une fiducie de soins de santé au bénéfice d’employés, la fiducie est réputée être une fiducie distincte pour ce qui est des biens détenus pour le compte de
Subsection (15) applies in respect of a trust if (d) the trust elects in prescribed form and manner that subsection (15) applies as of a particular date after 2018. (i) the end of 2022, bénéficiaires visés aux sous-alinéas (2)d)(i) ou (ii) relativement à un employeur donné si, à la fois : a) le fiduciaire fait un choix afin que les biens soient détenus dans une fiducie distincte pour le compte de ces bénéficiaires, ce choix étant fait dans un délai se produisant au plus tard à la date d’échéance de production pour la première année d’imposition de la fiducie distincte visée au présent paragraphe; b) selon l’acte de fiducie, les cotisations de l’employeur et le revenu en provenant s’accumulent au seul profit de ces bénéficiaires. Pertes autres qu’en capital
Aucune perte autre qu’une perte en capital n’est déductible dans le calcul du revenu imposable d’une fiducie de soins de santé au bénéfice d’employés pour une année d’imposition, sauf dans les mesures prévues aux paragraphes 111(7.3) à (7.5). Conditions — fiducie de soins de santé au bénéfice d’employés réputée
Le paragraphe (15) s’applique relativement à une fiducie si les conditions suivantes sont réunies : a) la fiducie a été établie avant le 28 février 2018; b) les cotisations à la fiducie sont déterminées dans le cadre d’une convention collective; c) la totalité, ou presque, des prestations qui sont prévues par la fiducie sont des prestations désignées; d) la fiducie choisit, en la forme et selon les modalités prescrites, que le paragraphe (15) s’applique à compter d’une date donnée après 2018. Fiducie de soins de santé au bénéfice d’employés réputée
Si le présent paragraphe s’applique relativement à une fiducie : a) la fiducie est réputée, pour l’application de la présente loi, être une fiducie de soins de santé au bénéfice d’employés à compter de la date donnée visée à l’alinéa (14)d) jusqu’à la plus rapprochée des dates suivantes : (i) la fin de l’année 2022, (ii) la date à laquelle la fiducie remplit les conditions énoncées au paragraphe (2), (iii) toute date à laquelle la condition énoncée à l’alinéa (14)c) n’est pas remplie; Requirement to file (c) subsections (15) and (16) do not apply to the trust. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2010, c. 25, s. 34; 2021, c. 23, s. 39; 2023, c. 26, s. 36. b) à tout moment où la fiducie est une fiducie de soins de santé au bénéfice d’employés par l’effet de l’alinéa a) : (i) d’une part, le paragraphe 111(7.5) s’applique à la fiducie comme si, à l’alinéa 111(7.5)b), la mention de « du paragraphe 144.1(3) » valait mention de « de l’alinéa 144.1(3)b) », (ii) d’autre part, le paragraphe (3) s’applique à la fiducie compte non tenu de son alinéa a). Transfert entre fiducies
Si un bien est transféré d’une fiducie qui verse des prestations dont la presque totalité sont des prestations désignées (appelée « fiducie cédante » au présent paragraphe) à une fiducie de soins de santé au bénéfice d’employés (appelée « fiducie cessionnaire » au présent paragraphe), et si le ministre a été avisé du transfert sur le formulaire prescrit, alors : a) d’une part, le bien transféré est réputé avoir fait l’objet d’une disposition par la fiducie cédante, et avoir été acquis par la fiducie cessionnaire, pour un montant égal au coût indiqué du bien pour la fiducie cédante immédiatement avant la disposition; b) d’autre part, l’article 107.1 ne s’applique pas au transfert. Déductibilité d’un bien transféré
Si le paragraphe (16) s’applique à un transfert de bien à une fiducie de soins de santé au bénéfice d’employés, le transfert n’est pas considéré comme une cotisation à la fiducie de soins de santé au bénéfice d’employés pour l’application des paragraphes (4) et (6). Obligation de produire
Une fiducie est tenue, au plus tard à la première date d’échéance de production qui lui est applicable après 2021, d’aviser le ministre sur le formulaire prescrit qu’elle est une fiducie de soins de santé au bénéfice d’employés si les conditions suivantes sont réunies : a) avant le 27 février 2018, elle a versé des prestations dont la presque totalité sont des prestations désignées; b) après le 26 février 2018, elle devient une fiducie de soins de santé au bénéfice d’employés parce qu’elle remplit les conditions énoncées au paragraphe (2); c) les paragraphes (15) et (16) ne s’appliquent pas à la fiducie. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir la liste des lois et règlements modificatifs appropriés.] 2010, ch. 25, art. 34; 2021, ch. 23, art. 39; 2023, ch. 26, art. 36. Definitions 145 (1) In this section, Registered Retirement Savings Plans Definitions 146 (1) In this section, (d) in accordance with the terms of the plan, (i) an office or employment, determined without reference to paragraphs 8(1)(c), 8(1)(m) and 8(1)(n.2), matière d’impôts, signé à Washington le 26 septembre 1980, ou d’une disposition semblable d’un autre traité fiscal, dans le calcul de son revenu imposable pour l’année, (iii) soit une cotisation versée par un employeur au cours de l’année dans un régime de pension agréé collectif relativement au contribuable, (iv) soit l’excédent de la cotisation provenant du revenu exonéré, au sens du paragraphe 147.5(1), du contribuable pour l’année sur sa somme inutilisée non déductible au titre des RPAC, au sens du même paragraphe, à la fin de l’année d’imposition précédente, R le facteur d’équivalence rectifié total du contribuable pour l’année. (unused RRSP deduction room) échéance La date fixée en vertu d’un régime d’épargne-retraite pour le commencement d’un revenu de retraite dont le versement est prévu par ce régime. (maturity) émetteur La personne visée à la définition de régime d’épargne-retraite au sens du paragraphe 146(1) et avec laquelle un rentier a conclu un contrat ou un arrangement qui constitue un régime d’épargne-retraite. (issuer) facteur d’équivalence pour services passés net Le montant, positif ou négatif, applicable à un contribuable pour une année d’imposition qui est calculé selon la formule suivante : P + Q - G où : P représente le total des montants correspondant chacun au facteur d’équivalence pour services passés du contribuable pour l’année quant à un employeur; Q le total des montants correspondant chacun au montant d’une cotisation versée en vertu du paragraphe 147.1(20), ou réputée selon les règles prévues par règlement avoir été versée, à l’égard du contribuable pour l’année précédente; G le montant des retraits pour l’année — liés au facteur d’équivalence pour services passés du contribuable — calculé à la fin de l’année conformément aux règles établies par règlement. (net past service pension adjustment) maximum déductible au titre des REER Le maximum déductible au titre des régimes enregistrés d’épargne-retraite d’un contribuable, pour une année d’imposition, calculé selon la formule suivante : A + B + R - C où : A représente les déductions inutilisées au titre des REER du contribuable à la fin de l’année d’imposition précédente; B l’excédent éventuel du plafond REER pour l’année ou, s’il est inférieur, du montant correspondant à 18 % du revenu gagné du contribuable pour l’année d’imposition précédente sur le total des rémunérations prescrites pour l’année; R a) le facteur d’équivalence pour l’année d’imposition précédente du contribuable pour l’année, b) le montant prescrit quant au contribuable pour l’année; C le facteur d’équivalence pour services passés net du contribuable pour l’année; D le plafond REER pour l’année d’imposition du contribuable (RRSP deduction limit) montant libéré d’impôt a) Montant versé à une personne dans le cadre d’un régime enregistré d’épargne-retraite au titre du montant qui ferait partie, compte non tenu du paragraphe 104(6), du revenu de la fiducie régie par le régime pour une année d’imposition pour laquelle la fiducie était assujettie à l’impôt par l’effet de l’alinéa (4)c); b) dans le cas où les conditions d’épargne-retraite est un dépôt auprès d’un dépositaire visé à la division b)(iii)(B) de la définition de régime d’épargne-retraite au présent paragraphe, la partie d’un montant reçu par une personne dans le cadre du régime qui est raisonnable de considérer comme un remboursement des intérêts ou du capital versé à la fiducie, autrement que par l’effet du présent paragraphe, inclus dans le calcul du revenu de la personne pour l’année. (tax-paid amount) placement admissible Dans le cas d’une fiducie régie par un régime enregistré d’épargne-retraite : a) placement qui serait visé à l’un des alinéas a) à f) de la définition de placement admissible à l’article 204 si la mention « fiducie régie par un régime de participation différée aux bénéfices ou un régime dont l’agrément est retiré » à cette définition était (h) [Repealed, 2016, c. 12, s. 52] P + Q - G where G is the amount of the taxpayer’s PSPA withdrawals for the year, determined as of the end of the year in accordance with prescribed rules; (facteur d’équivalence pour services passés net) remplacée par « fiducie régie par un régime enregistré d’épargne-retraite » et s’il n’était pas tenu compte du passage « sauf s’il s’agit de biens exclus relativement à la fiducie » à cette même définition; b) [Abrogé, 2007, ch. 29, art. 17] c) rente visée à la définition de revenu de retraite relativement au rentier en vertu du régime, si elle a été achetée et fournie par un fournisseur de rentes autorisé;
c.1) contrat relatif à une rente établi par un fournisseur de rentes autorisé, si les conditions suivantes sont réunies : (i) la fiducie est la seule personne qui, s’il est fait abstraction d’un transfert subséquent du contrat par la fiducie, a droit ou peut avoir droit à des paiements de rentes dans le cadre du contrat, (ii) le titulaire du contrat a le droit d’exiger le rachat de celui-ci à tout moment avant le début des paiements, qui, s’il n’était pas tenu compte de frais de rachat ou d’administration raisonnables, correspondrait à la juste valeur de tous les fonds qui pourraient servir à faire les paiements de rentes dans le cadre du contrat,
c.2) contrat relatif à une rente établi par un fournisseur de rentes autorisé, si les conditions suivantes sont réunies : (i) des paiements à effectuer périodiquement à intervalles égaux ne doivent pas en soi ou peuvent être versés au titulaire dans le cadre du contrat, (ii) la fiducie est la seule personne qui, s’il est fait abstraction d’un transfert subséquent du contrat par la fiducie, a droit ou peut avoir droit à des paiements de rentes dans le cadre du contrat, (iii) ni le montant d’un paiement prévu par le contrat, ni le moment de son versement ne peuvent varier en raison de la durée d’une vie, sauf s’il s’agit de la vie du rentier du REER (au sens de la présente définition), (iv) le versement des paiements périodiques a commencé ou doit commencer au plus tard à la fin de l’année dans laquelle le rentier du REER atteint 72 ans, (v) selon le cas : Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Retirement Savings Plans
(b) [Repealed, 2007, c. 29, s. 17] (A) les paiements périodiques sont payables au rentier du REER à titre viager sans durée garantie ou aux termes du contrat ou pour une durée garantie, commençant à la date du début du versement des paiements, égale ou inférieure à la différence entre 90 et le moindre des âges suivants : (I) l’âge en années accomplies à cette date du rentier du REER, à supposer qu’il soit vivant à cette date, (II) l’âge en années accomplies à cette date de l’époux ou conjoint de fait du rentier du REER, à supposer que l’époux ou conjoint de fait du rentier au moment de l’achat du contrat soit époux ou conjoint de fait à cette date, (B) les paiements périodiques sont payables pour un nombre d’années égal au nombre suivant : (I) 90 moins l’âge visé à la subdivision (A)(I), (II) 90 moins l’âge visé à la subdivision (A)(II), (vi) les paiements périodiques sont égaux entre eux, ou ne le sont pas en raison seulement d’un ou de plusieurs rajustements qui sont seraient conformes aux sous-alinéas (3)(b)(iii) à (v) si le contrat était une rente prévue par un régime d’épargne-retraite, soit qui découlent d’une réduction uniforme du droit aux paiements périodiques par suite d’un rachat partiel des droits à ces paiements; d) tout autre placement qui peut être prévu par règlement pris par le gouverneur en conseil, sur recommandation du ministre des Finances. (qualified investment) placement non admissible S’entend au sens du paragraphe 207.01(1). (non-qualified investment) plafond REER a) Pour les années civiles autres que 1996 et 2003, le plafond des cotisations déterminées pour l’année précédente; b) pour 1996, 13500 $; c) pour 2003, 14500 $. (RRSP dollar limit) (v) either (vi) the periodic payments prestation Est comprise dans une prestation toute somme reçue dans le cadre d’un régime d’épargne-retraite, à l’exception : a) de la fraction de cette somme reçue par une personne autre que le rentier et qu’il est raisonnable de considérer comme faisant partie de la somme incluse dans le calcul du revenu d’un rentier en vertu des paragraphes (8.8) et (8.9); b) d’une somme reçue à titre de prime en vertu du régime par la personne avec laquelle le rentier a conclu le contrat ou l’arrangement visé à la définition de régime d’épargne-retraite au présent paragraphe; b.1) d’une somme au titre de laquelle le rentier paie un impôt en vertu de la partie XI.01, sauf si ce montant fait l’objet d’une renonciation, d’une annulation ou d’un remboursement; c) d’une somme, ou d’une partie de cette somme, reçue relativement au revenu de la fiducie d’un régime, pour une année d’imposition, à l’égard de laquelle il n’était pas raisonnable de conclure en vertu de l’alinéa (4)(b); d) d’un montant libéré d’impôt, visé à l’alinéa b) de la définition de retrait exclu au paragraphe 146.01(1) ou à l’alinéa b) de la définition de retrait exclu au paragraphe 146.01(1). Sans préjudice de la portée générale de ce qui précède, le terme vise toute somme versée à un rentier en vertu du régime : d) soit conformément aux conditions du régime; e) soit à la suite d’une modification du régime; f) soit à la suite de l’expiration du régime. (benefit) prime Somme payée ou payable périodiquement au rentier en vertu d’un régime d’épargne-retraite : a) soit à titre de contrepartie d’un contrat visé à l’alinéa a) de la définition de régime d’épargne-retraite au présent paragraphe, touchant le paiement d’un revenu de retraite; b) soit à titre d’apport, de contribution ou de dépôt visé à l’alinéa b) de cette définition, aux fins mentionnées à cet alinéa; toutefois, les montants remboursés auxquels s’applique l’alinéa b) ou d) de la définition de retrait exclu au paragraphe 146.01(1) ou l’alinéa b) de la définition de retrait exclu au paragraphe 146.01(1) ne sont pas inclus. Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Retirement Savings Plans
A + B + R - C where R is the taxpayer’s total pension adjustment reversal for the year; (maximum déductible au titre des REER) (c) for 2003, $14,500; (plafond REER) exclu au paragraphe 146.02(1) et les montants indiqués dans un formulaire prescrit en application des paragraphes 146.01(3) ou 146.02(3) ne sont pas des primes, sauf pour l’application de l’alinéa b) de la définition de prestation au présent paragraphe, de l’alinéa (2)b.3), du paragraphe (22) et de la définition de prime exclue au paragraphe 146.02(1). (premium) régime au profit de l’époux ou conjoint de fait Quant à un contribuable : a) soit un régime enregistré d’épargne-retraite auquel le contribuable a versé une prime alors que son époux ou conjoint de fait en était le rentier ou auquel un montant versé ou transféré d’un régime enregistré d’épargne-retraite ou d’un fonds enregistré de revenu de retraite était un revenu au profit de l’époux ou conjoint de fait quant au contribuable; b) soit un fonds enregistré de revenu de retraite auquel un montant versé ou transféré d’un régime au profit de l’époux ou conjoint de fait quant au contribuable. (spousal plan) régime d’épargne-retraite a) Contrat conclu entre un particulier et une personne titulaire d’une licence ou par ailleurs autorisée par la législation fédérale ou provinciale à exploiter au Canada un commerce de rente aux termes duquel, contre le paiement par le particulier ou conjointement d’une somme périodique ou autre au titre du contrat, un revenu de retraite est prévu pour le particulier à compter de l’échéance; b) arrangement selon lequel un particulier ou son conjoint verse, selon le cas : (i) en fiducie à une société titulaire d’une licence ou par ailleurs autorisée par la législation fédérale ou provinciale à exploiter au Canada une entreprise consistant à offrir des services en tant que fiduciaire, un montant périodique ou autre, à titre d’apport en vertu de la fiducie, (ii) à une société agréée par le gouverneur en conseil pour l’application du présent article et titulaire d’une licence ou par ailleurs autorisée par la législation fédérale ou provinciale à établir des contrats de placement prévoyant le paiement au détenteur d’un contrat, ou l’inscription au crédit de l’être, à l’échéance, une somme fixe ou susceptible de l’être, à titre de contribution aux termes d’un contrat entre le particulier et cette société, (i) the annuitant for the annuitant’s life, or or any combination thereof; (revenu de retraite) (iii) un montant à titre de dépôt auprès d’une succursale ou d’un bureau au Canada : (A) soit d’une personne qui est membre de l’Association canadienne des paiements ou qui est admissible à le devenir, (B) soit d’une caisse de crédit qui est actionnaire ou membre d’une personne morale appelée « centrale » pour l’application de la Loi canadienne sur les paiements, (appelé « dépositaire » au présent article), devant être utilisé, placé ou autrement employé par cette société ou ce dépositaire, selon le cas, en vue d’assurer au particulier, notamment, à l’échéance, un revenu de retraite. (retirement savings plan) régime enregistré d’épargne-retraite Régime d’épargne-retraite accepté par le ministre aux fins d’enregistrement pour l’application de la présente loi et répondant aux prescriptions du présent article. (registered retirement savings plan) remboursement de primes Toute somme versée à un particulier dans le cadre d’un régime enregistré d’épargne-retraite par suite du décès du rentier du régime, à l’exception d’un montant libéré d’impôt relativement au régime : a) le particulier qui, immédiatement avant le décès du rentier, était son époux ou conjoint de fait, dans le cas où le rentier est décédé avant l’échéance du régime; b) l’enfant ou le petit-enfant du rentier qui, immédiatement avant le décès de celui-ci, était financièrement à sa charge. (refund of premiums) rentier a) Jusqu’au moment, après l’échéance du régime, où son conjoint acquiert le droit, par suite du décès du rentier, de recevoir des prestations qui doivent être versées sur ce régime, le particulier visé au sous-alinéa (i) ou (ii) de la définition de régime d’épargne-retraite au présent paragraphe pour lequel est prévu, en vertu d’un régime d’épargne-retraite, un revenu de retraite; b) après ce moment, son conjoint. (annuitant) revenu de retraite a) Rente viagère versée à compter de l’échéance, avec ou sans durée garantie à compter de l’échéance, ne dépassant pas la durée visée à l’alinéa b), ou, dans le cas (a) a registered retirement savings plan (b) a registered retirement income fund that has received a payment out of or a transfer from a spousal or common-law partner plan in relation to the taxpayer; (régime au profit de l’époux ou du conjoint de fait) spousal plan [Repealed, 2001, c. 17, s. 246] d’un régime auquel il a été souscrit avant le 14 mars 1957, ne dépassant pas 20 ans, payable : (i) au rentier, (ii) au rentier et à son époux ou conjoint de fait, à titre solidaire, et au survivant de l’un ou de l’autre; b) rente versée à compter de l’échéance, payable au rentier, ou au rentier de son vivant et à son époux ou conjoint de fait après son décès, pour un nombre d’années égal à 90 moins : (i) l’âge du rentier, en années accomplies, à l’échéance du régime, (ii) si l’époux ou conjoint de fait est plus jeune que le rentier et que celui-ci en décide ainsi, l’âge de l’époux ou conjoint de fait, en années accomplies, à l’échéance du régime, émise par une personne définie à la définition de « régime d’épargne-retraite » au présent paragraphe et avec qui un particulier peut avoir passé un contrat ou un arrangement qui est un régime d’épargne-retraite, ou un régime de participation différée (régime d’épargne-retraite) revenu gagné S’agissant du revenu d’un contribuable pour une année d’imposition, l’excédent éventuel du total des montants dont chacun représente : a) soit son revenu, sauf un montant visé à l’alinéa 12(1)z), pour une période de l’année tout au long de laquelle il a résidé au Canada tiré, selon le cas : (i) d’une charge ou d’un emploi, calculé compte non tenu des alinéas 8(1)c), m) et m.2), (ii) d’une entreprise qu’il exploite seul, soit comme associé participant activement à l’exploitation de l’entreprise, (iii) d’un bien, s’il s’agit d’un revenu tiré de la location de biens immeubles ou réels ou de redevances sur un ouvrage ou une invention dont il est l’auteur; b) soit un montant inclus en application des alinéas 56(1)b), c.2), g) ou du sous-alinéa 56(1)n)(i) dans le calcul de son revenu pour une période de l’année tout au long de laquelle il a résidé au Canada; b.01) soit un montant inclus en application de l’alinéa 56(1)n) dans le calcul de son revenu pour une période de l’année tout au long de laquelle il a résidé au Canada relativement à un programme qui consiste principalement à faire de la recherche et qui ne mène Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Retirement Savings Plans
(b) where (montant libéré d’impôt) A + B + R - (C + D) where (ii) the taxpayer’s pension adjustment for the preceding taxation year in respect of an employer, or Impôt sur le revenu
Régimes enregistrés d’épargne-retraite
à un diplôme décerné par un collège ou un collège d’enseignement général et professionnel ou à un baccalauréat, une maîtrise, un doctorat ou à un grade équivalent; b.1) soit un montant qu’il reçoit au cours de l’année et à un moment où il réside au Canada, au titre ou en paiement intégral ou partiel d’une prestation d’invalidité aux termes du régime institué par le Régime de pensions du Canada ou du régime provincial de pensions au sens de l’article 3 de cette loi; b.2) soit son revenu de pension admissible, au sens du paragraphe 143.1(1.2), qui est réputé en vertu de l’alinéa 143.1(1.2)c) être un revenu d’un fiduciaire au profit d’un athlète amateur pour l’année; c) soit son revenu, sauf mention contraire visée à l’alinéa 115(2)e), pour une période de l’année tout au long de laquelle il ne résidait pas au Canada tiré, selon le cas, des fonctions d’une charge ou d’un emploi qu’il remplit au Canada, ou de l’entreprise qu’il exploite au Canada, soit comme associé participant activement à l’exploitation de l’entreprise, sauf dans la mesure où ce revenu est exonéré de l’impôt sur le revenu au Canada par l’effet d’une disposition d’un accord ou convention fiscal conclu avec un autre pays et ayant force de loi au Canada; d) soit, dans le cas d’un contribuable visé au paragraphe 115(2), le total qui serait calculé en application de l’alinéa 115(2)e) à son égard pour l’année compte non tenu du renvoi à l’alinéa 56(1)n) au sous-alinéa 115(2)e)(ii), ni du sous-alinéa 115(2)e)(iv), à l’exception de toute partie de ce total qui est incluse, en application de l’alinéa c), dans le total calculé selon la présente définition ou qui est exonérée de l’impôt sur le revenu au Canada par l’effet d’une disposition d’un accord ou convention fiscal conclu avec un autre pays et ayant force de loi au Canada, sur le total des montants dont chacun représente : e) soit sa perte pour une période de l’année tout au long de laquelle il a résidé au Canada provenant, selon le cas : (i) d’une entreprise qu’il exploite soit seul, soit comme associé participant activement à l’exploitation de l’entreprise, (ii) d’un bien, s’il s’agit d’une perte résultant de la location de biens immeubles ou réels; R is the taxpayer’s total pension adjustment reversal for the year. (déductions inutilisées au titre des REER) Restriction — financially dependent A + B where f) soit un montant déductible en application de l’alinéa 60b), ou déduit en application de l’alinéa 60.2c), dans le calcul de son revenu pour l’année; g) soit sa perte pour une période de l’année tout au long de laquelle il n’a pas résidé au Canada, provenant d’une entreprise qu’il exploite au Canada, soit seul, soit comme associé participant activement à l’exploitation de l’entreprise; h) [Abrogé, 2016, ch. 12, art. 52] pour l’application de la présente définition, le revenu ou la perte d’un contribuable pour une période d’une année d’imposition est calculé comme si la période correspondait à l’année d’imposition entière. (earned income) Restriction — personne financièrement à charge (1.1) Pour l’application de l’alinéa b) de la définition de remboursement de primes au paragraphe (1), de l’alinéa 60l)(v)(B.01), de la définition de particulier admissible au paragraphe 60.02(1), du sous-alinéa 104(27)c)(i) de l’article 147.5, il faut supposer, sauf preuve du contraire, que l’enfant ou le petit-enfant d’un particulier n’était pas financièrement à la charge du particulier immédiatement avant le décès de celui-ci si le revenu de l’enfant ou du petit-enfant pour l’année d’imposition précédant celle du décès du particulier dépassait la somme obtenue par la formule suivante : A + B où : A représente le montant applicable à cette année d’imposition précédente représenté par l’élément F de la formule figurant au paragraphe 118(1.1); B zéro, sauf si l’enfant ou le petit-enfant était financièrement à charge en raison d’une déficience mentale ou physique, auquel cas le présent élément représente 6180 $, rajusté conformément à l’article 117.1 pour chacune de ces années d’imposition précédentes qui est postérieure à 2002. Acceptation du régime aux fins d’enregistrement
Le ministre n’accepte pas aux fins d’enregistrement pour l’application de la présente loi un régime d’épargne-retraite, à moins que, à son avis, il ne réponde aux conditions suivantes : a) le régime ne prévoit, avant son échéance, le versement d’aucune autre prestation que un versement au rentier ou un remboursement de primes; Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Retirement Savings Plans
(i) a refund of premiums, and (ii) a payment to the annuitant; (iii) in respect of a commutation referred to in paragraph 146(2)(c.2); Impôt sur le revenu
Régimes enregistrés d’épargne-retraite
b) il ne prévoit, après son échéance, le versement d’aucune prestation, sauf : (i) au rentier sous forme de revenu de retraite, (ii) au rentier en conversion totale ou partielle du revenu de retraite prévu au régime, (iii) dans le cadre d’une conversion visée à l’alinéa c.2); b.1) il ne prévoit le versement au rentier d’un revenu de retraite que sous forme de versements égaux à effectuer périodiquement à intervalles ne dépassant pas un an jusqu’à ce qu’il y ait un versement total ou une conversion totale ou partielle du revenu de retraite et, par la suite, ces conversions partielles, sous forme de versements égaux à effectuer périodiquement à intervalles ne dépassant pas un an; b.2) il ne prévoit les versements d’une rente à effectuer après le premier décès du rentier que si le total des montants à verser au cours d’une année ne dépasse le total des montants à verser au cours d’une année avant ce décès; b.3) il ne prévoit le versement d’aucune prime après échéance; b.4) il ne prévoit pas d’échéance postérieure à la fin de l’année dans laquelle le rentier atteint 71 ans; c) il prévoit qu’aucun revenu de retraite prévu par le régime ne peut être cédé en totalité ou en partie;
c.1) malgré l’alinéa a), il permet de verser une somme à un contribuable en vue de réduire l’impôt payable par ailleurs par celui-ci en vertu de la partie X.1;
c.2) le régime exige la conversion de chaque rente payable en vertu du régime qui deviendrait autrement payable à une personne autre qu’un rentier en vertu du régime;
c.3) le régime, lorsqu’un dépositaire est en cause, comprend des dispositions portant que : (i) le dépositaire n’a le droit de l’étendre une dette ou obligation envers lui par compensation à l’aide des biens détenus en vertu du régime, (ii) les biens détenus en vertu du régime ne peuvent être donnés en gage, cédés ou autrement aliénés, à titre de garantie d’un prêt ou à toute fin que d’assurer au particulier comment à l’échéance, un revenu de retraite; (c.4) [Repealed, 2011, c. 24, s. 45] Idem Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Retirement Savings Plans
(B) increases at a rate specified in the annuity contract, not exceeding 4% per annum, or (d) provides for the payment of any amount after the death of an annuitant thereunder; Impôt sur le revenu
Régimes enregistrés d’épargne-retraite
correspond exactement ou approximativement à un taux d’intérêt généralement offert sur le marché canadien, (iv) peut être rajustée annuellement pour tenir compte, selon le cas : (A) en entier ou en partie, des augmentations de l’indice des prix à la consommation publié par Statistique Canada en vertu de la Loi sur la statistique, (B) des augmentations à un taux prévu dans le contrat de rente mais ne dépassant pas 4 % par année, (v) au rentier, sous la forme d’une rente, peut être augmentée annuellement dans la mesure où le montant du rendement qui aurait été tiré d’une mise en commun de biens de placement (offerts au public et précisés dans le contrat de rente) dépasse le montant ou le taux prévu au régime et prévoit que toute autre augmentation est interdite; d) prévoit le versement d’une somme après le décès du rentier en vertu de ce régime; e) est joint à un contrat ou autre arrangement qui n’est pas un régime d’épargne-retraite; f) comporte toutes autres modalités, non incompatibles avec le présent article, qu’autorisent ou permettent les dispositions réglementaires prises par le gouverneur en conseil sur recommandation du ministre des Finances. Exonération d’impôt d’une fiducie régie par le régime
Sous réserve du paragraphe (10.1), aucun impôt n’est payable en vertu de la présente partie par une fiducie sur son revenu imposable pour une année d’imposition si, tout au long de la période où la fiducie existait, elle était régie par un régime enregistré d’épargne-retraite; toutefois : a) si la fiducie a emprunté de l’argent (autre que l’argent utilisé pour l’exploitation d’une entreprise) au cours de l’année ou a emprunté, après le 18 juin 1971, de l’argent (autre que l’argent utilisé pour l’exploitation d’une entreprise) qu’elle n’a pas remboursé avant le début de l’année, un impôt est payable par la fiducie, en vertu de la présente partie, sur son revenu imposable pour l’année; b) dans tout cas non visé à l’alinéa a), si la fiducie a exploité une ou plusieurs entreprises au cours de exceeds Amount of RRSP premiums deductible l’année, un impôt est payable par elle en vertu de la présente partie sur l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii): (i) le montant qui constituerait le revenu imposable de la fiducie pour l’année si elle n’avait pas tiré de revenu, ni subi de pertes de sources autres que l’entreprise ou les entreprises en question, (ii) la partie du montant déterminé selon le sous-alinéa (i) à l’égard de la fiducie pour l’année, qui il est raisonnable de considérer comme un revenu provenant soit de placements admissibles pour elle, soit de la disposition de tels placements; c) si le dernier rentier en vertu du régime est décédé, un impôt est payable par la fiducie en vertu de la présente partie sur son revenu imposable pour chaque année postérieure à l’année suivant l’année du décès de ce rentier. Déduction des primes versées au REER
Un contribuable peut déduire dans le calcul de son revenu pour une année d’imposition le montant qu’il demande, à concurrence du moins élevé des montants suivants: a) l’excédent éventuel du total des montants représentant chacun une prime que le contribuable a versée après 1990 et au plus tard le soixantième jour suivant la fin de l’année à un régime enregistré d’épargne-retraite dont il était rentier au moment du versement de la prime, à l’exception : (i) de la fraction de la prime qu’il a déduite dans le calcul de son revenu pour une année d’imposition antérieure, (ii) de la fraction de la prime qu’il a indiquée dans sa déclaration de revenu produite pour une année d’imposition pour l’application des alinéas 60j), 60j.1) ou l), (iii) de la fraction de la prime au titre de laquelle il a reçu un paiement qui a été déduit en application du paragraphe (8.2) dans le calcul de son revenu pour une année d’imposition antérieure, (iii.1) de la fraction de la prime qui était une cotisation exonérée de revenu, au sens du paragraphe 147.5(1), pour une année d’imposition, (iv) de la fraction de la prime qui était déductible en application du paragraphe (6.1) dans le calcul de son revenu pour une année d’imposition, exceeds exceeds Amount of spousal RRSP premiums deductible (iv.1) de la fraction de la prime qui serait considérée comme retirée par lui à titre de montant admissible, au sens des paragraphes 146.01(1) ou 146.02(1), moins de 90 jours après son versement si les gains relatifs à un régime enregistré d’épargne-retraite étaient considérés comme retirés avant les primes versées dans le cadre de ce régime et si les primes étaient considérées comme retirées suivant l’ordre dans lequel elles ont été versées, sur : v) l’excédent éventuel du total visé à la division (A) sur le total visé à la division (B): (A) le total des montants déduits en application du paragraphe 147.3(13.1) dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure, (B) le total des montants, relatifs à des transferts effectués avant 1991 de régimes de pension agréés, qui sont réputés par les alinéas 147.3(10)b) ou c) être des primes payées par le contribuable à un régime enregistré d’épargne-retraite. b) l’excédent de son maximum déductible au titre des REER pour l’année sur le total des cotisations versées par un employeur au cours de l’année dans un régime de pension agréé collectif relativement au contribuable. Déduction des primes versées au REER du conjoint (5.1) Un contribuable peut déduire dans le calcul de son revenu pour une année d’imposition le montant qu’il déclare, à concurrence du moins élevé des montants suivants : a) le total des montants représentant chacun une prime qu’il a versée après 1990 et au plus tard le soixantième jour suivant la fin de l’année dans un régime enregistré d’épargne-retraite dont son époux ou conjoint de fait (ou, si le contribuable est décédé au cours de l’année ou dans les 60 jours suivant la fin de l’année, la particulière qui était son époux ou conjoint de fait immédiatement avant le décès) était l’annuitant au moment du versement de la prime, à l’exception : (i) de la fraction de la prime déduite dans le calcul de son revenu pour une année d’imposition antérieure, (ii) de la fraction de la prime indiquée dans sa déclaration de revenu pour une année d’imposition donnée en application de l’alinéa 60j.2), Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Retirement Savings Plans
RRSP premium A - B - C where Impôt sur le revenu
Régimes enregistrés d’épargne-retraite
(iii) de la fraction de la prime au titre de laquelle le contribuable ou son époux ou conjoint de fait a reçu un paiement que le contribuable a déduit en application du paragraphe (8.2) dans le calcul de son revenu pour une année d’imposition antérieure; (iv) de la fraction de la prime qui serait considérée comme retirée par son époux ou conjoint de fait à titre de montant admissible, au sens du paragraphe 146.01(1), moins de 90 jours après qu’elle a été versée, si les revenus afférents à un régime enregistré d’épargne-retraite étaient considérés comme retirés avant les primes versées au titre du régime et si les primes étaient considérées comme retirées suivant l’ordre dans lequel elles ont été versées; b) l’excédent de son maximum déductible au titre des REER pour l’année sur le total des sommes représentant chacune : (i) la somme déduite en application du paragraphe (5) pour l’année dans le calcul de son revenu, (ii) une cotisation versée par un employeur au cours de l’année à un régime de pension agréé collectif relativement au contribuable. Prime de REER (5.2) Dans le cas où le droit d’un contribuable aux prestations prévues par une disposition à prestations déterminées d’un régime de pension agréé est transféré conformément au paragraphe 147.3(4) après février 2009 et avant 2011, et sous réserve du calcul du revenu du contribuable pour une année d’imposition se terminant à la date du transfert ou par la suite, la somme qu’il demande au titre des primes qu’il a versées au cours de l’année à un régime enregistré d’épargne-retraite dont il est le rentier, jusqu’à concurrence de la somme déterminée par la formule suivante : A - B - C où : A représente le moins élevée des sommes suivantes : a) le montant prescrit qui aurait été déterminé pour l’application de l’alinéa 147.3(4)c) si le paragraphe 8517(3.01) du Règlement de l’impôt sur le revenu s’était appliqué relativement au transfert, b) le montant correspondant au droit du contribuable aux prestations prévues par la disposition qui rachètent en vue du transfert; B le montant prescrit pour l’application de l’alinéa 147.3(4)c) qui s’est appliqué relativement au transfert;
[Repealed, 2011, c. 24, s. 45] Recontribution of certain withdrawals (8.2) Where (B) a specified pension plan in circumstances to which subsection (21) applied, --- est réputée avoir été reçue par le particulier, au moment où elle a été ainsi versée, à titre de prestation qui est un remboursement de primes et non avoir été versée au représentant légal si les conditions ci-après sont réunies : a) un paiement au moins égal au montant désigné est effectué par la succession du rentier décédé au particulier qui a droit : (i) soit à titre de bénéficiaire, au sens du paragraphe 108(1), de la succession, (ii) soit conformément à une ordonnance ou à un jugement rendus par un tribunal compétent ou à un accord écrit, relatif aux droits ou intérêts de son conjoint de fait relativement aux biens découlant du mariage ou de l’union de fait; b) le montant désigné aurait été un remboursement de primes s’il avait été versé au particulier directement du régime enregistré d’épargne-retraite. Montant déductible (8.2) Dans les cas où, à la fois : a) un contribuable n’a pas déduit dans le calcul de son revenu pour une année d’imposition tout ou partie des primes qu’il a versées au cours d’une année d’imposition à un ou plusieurs régimes enregistrés d’épargne-retraite dont lui-même ou son époux ou conjoint de fait sont rentiers; b) il est raisonnable de considérer que le contribuable ou son époux ou conjoint de fait ont reçu un paiement d’un régime enregistré d’épargne-retraite ou d’un fonds enregistré de revenu de retraite au titre de la partie de ces primes non déduites dont le versement ne découle : (i) ni du transfert d’un montant d’un régime de pension agréé à un régime enregistré d’épargne-retraite, (ii) ni du transfert d’un montant d’un régime de participation différée aux bénéfices à un régime enregistré d’épargne-retraite en conformité avec le paragraphe 147(19), (iii) ni du transfert d’un montant à un régime enregistré d’épargne-retraite à partir : (A) soit d’un régime de pension agréé collectif, dans les circonstances visées au paragraphe 147.5(21), (B) soit d’un régime de pension déterminé, dans les circonstances visées au paragraphe (21); Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Retirement Savings Plans
--- Impôt sur le revenu
Régimes enregistrés d’épargne-retraite
c) le contribuable ou son époux ou conjoint de fait reçoit le paiement au cours d’une année d’imposition donnée qui correspond : (i) soit à l’année où le contribuable a versé les primes, (ii) soit à l’année où un avis de cotisation est envoyé au contribuable pour l’année d’imposition visée au sous-alinéa (i), (iii) soit à l’année suivant celle visée au sous-alinéa (i) ou (ii); d) le paiement est inclus dans le calcul du revenu du contribuable pour l’année donnée, le contribuable peut déduire ce paiement – qui n’est pas un retrait visé par règlement – dans le calcul de son revenu pour l’année donnée, sauf s’il est raisonnable de considérer que : e) d’une part, le contribuable ne s’attendait vraisemblablement pas à ce que le plein montant des primes soit déductible au cours de l’année d’imposition où elles ont été versées ou de l’année d’imposition précédente; f) d’autre part, le contribuable a versé tout ou partie des primes dans l’intention de recevoir un paiement qui, compte tenu des alinéas e) et de l’alinéa d), serait déductible en application du présent paragraphe. Prime réputée non versée (8.21) Lorsqu’un contribuable ou son époux ou conjoint de fait reçoit, à un moment donné d’une année d’imposition, un paiement d’un régime enregistré d’épargne-retraite ou d’un fonds enregistré de revenu de retraite au titre de tout ou partie d’une prime que le contribuable a versée à un régime enregistré d’épargne-retraite et que le contribuable déduit le paiement en application du paragraphe (8.2) dans le calcul de son revenu pour l’année, cette prime ou cette partie, selon le cas, est réputée – pour le calcul, après ce moment, du montant déductible en application du paragraphe (5) ou (5.1) dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure et pour l’application des paragraphes (8.3) et 146(5.1) après ce moment, s’il s’agit d’un paiement reçu par le contribuable – ne pas être une prime versée par le contribuable à un régime. (b) the particular amount. Ordering Spouse’s income Montants à inclure dans le revenu du rentier (8.3) Lorsque, à un moment donné d’une année d’imposition, une somme donnée relativement à un régime enregistré d’épargne-retraite qui est un régime au profit de l’époux ou conjoint de fait d’un contribuable doit être incluse en application du paragraphe (8) ou de l’alinéa (12)(b) dans le calcul du revenu de l’époux ou conjoint de fait avant l’échéance du régime ou comme versement découlant de la conversion totale ou partielle d’un revenu de retraite prévu au régime et que le contribuable et son époux ou conjoint de fait ne vivaient pas séparément à ce moment pour cause d’échec de leur mariage ou union de fait, le contribuable doit inclure, à ce moment, dans le calcul de son revenu pour l’année le moins élevé des montants suivants : a) le total des montants dont chacun représente une prime qu’il a versée au cours de l’année ou de l’une des deux années d’imposition précédentes à un régime enregistré d’épargne-retraite dont son époux ou conjoint de fait était le rentier au moment du versement de la prime; b) la somme donnée. Ordre des primes versées (8.5) Dans le cas où un contribuable a versé plus d’une prime visée au paragraphe (8.3), les primes ou parties de prime sont réputées ajoutées en vertu de ce paragraphe dans le calcul de son revenu dans l’ordre chronologique des moments où il les a versées. Déduction dans le revenu de l’époux ou conjoint de fait (8.6) Dans le cas où, à cause d’une somme à inclure dans le calcul du revenu de l’époux ou conjoint de fait d’un contribuable à un moment donné d’une année d’imposition, tout ou partie d’une prime est incluse en application du paragraphe (8.3) dans le calcul du revenu du contribuable pour l’année, cette prime ou partie de prime, selon le cas : a) est réputée, pour l’application des paragraphes (8.3) et 146.3(5.1) après ce moment, ne pas être une prime versée à un régime enregistré d’épargne-retraite dont l’époux ou conjoint de fait était le rentier; b) est déductible dans le calcul du revenu de l’époux ou conjoint de fait pour l’année. Where s. (8.3) does not apply exceeds Idem A × [1 - ((B + C - D) / (B + C))] where (a) all refunds of premiums in respect of the plan, (b) the sum of the values of B and C in respect of the plan. Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Retirement Savings Plans
A - B where Subsection (8.92) not applicable Impôt sur le revenu
Régimes enregistrés d’épargne-retraite
choix époux ou conjoint de fait selon le formulaire prescrit : a) l’époux ou conjoint de fait est réputé être devenu le rentier en vertu du régime en raison du décès du rentier; b) ces sommes sont réputées être recevables par l’époux ou conjoint de fait et, une fois versées, être reçues par ce dernier à titre de prestation en vertu du régime, et n’être reçues par personne d’autre. Déduction pour réduction de valeur postérieure au décès (8.92) Dans le cas où le rentier d’un régime enregistré d’épargne-retraite décède avant l’échéance du régime, est déductible dans le calcul de son revenu pour l’année d’imposition dans laquelle il est décédé une somme n’excédant pas le montant déterminé, après que toutes les sommes payables au titre du régime ont été payées, selon la formule ci-après, A - B où : A représente le total des sommes représentant chacune : a) la somme réputée par le paragraphe (8.8) avoir été reçue par le rentier à titre de prestation dans le cadre du régime, b) toute somme (sauf celle visée à l’alinéa c)) qu’un contribuable reçoit après le décès du rentier à titre de prestation dans le cadre du régime et qui est incluse, par l’effet du paragraphe (8), dans le calcul du revenu du contribuable, c) tout montant libéré d’impôt relativement au régime; B le total des sommes versées dans le cadre du régime après le décès du rentier. Application du paragraphe (8.92) (8.93) À moins que le ministre n’ait renoncé par écrit à appliquer le présent paragraphe à l’égard de tout ou partie de la somme déterminée selon le paragraphe (8.92) relativement à un régime enregistré d’épargne-retraite, le paragraphe ne s’applique pas dans l’une des circonstances suivantes : a) après le décès du rentier, une fiducie régie par le régime détenait un placement non admissible; (b) for the purposes of paragraph 146(10.1)(a),
and (11.1) [Repealed, 2011, c. 24, s. 45] Item (13.1) [Repealed, 2011, c. 24, s. 45] (13.2) and (13.3) [Repealed, 2007, c. 29, s. 17] Transfer of funds à titre de prestation en vertu d’un régime enregistré d’épargne-retraite qui n’était pas, à la fin de l’année de l’affiliation au régime, un régime enregistré d’épargne-retraite, la fraction de la somme ainsi reçue qui peut être prescrite est réputée, pour l’application de la présente loi, avoir été reçue au titre de l’année d’imposition autrement qu’au titre d’une prestation ou d’un autre paiement effectués en vertu d’un régime enregistré d’épargne-retraite. Transfert de biens
Malgré les autres dispositions du présent article, un régime enregistré d’épargne-retraite peut, à un moment donné, être révisé ou modifié de façon à prévoir le versement ou le transfert, avant son échéance, par l’émetteur de biens accumulés pour le compte du rentier du régime (appelé « cédant » au présent paragraphe) : a) soit à un régime de pension agréé, au profit du cédant, ou à un régime enregistré d’épargne-retraite ou un fonds enregistré de revenu de retraite dont le cédant est rentier; a.1) à un fournisseur de rentes autorisé afin d’acquérir une rente viagère différée à un âge avancé au profit du cédant; a.2) [Abrogé, 2024, ch. 17, art. 48] b) soit à un régime enregistré d’épargne-retraite ou un fonds enregistré de revenu de retraite dont l’époux ou le conjoint de fait ou l’ex-époux ou ancien conjoint de fait du cédant est rentier, si le cédant et son époux ou conjoint de fait ou ex-époux ou ancien conjoint de fait vivent séparément et si le versement ou le transfert est effectué en vertu d’une ordonnance ou d’un jugement rendu par un tribunal compétent ou en vertu d’un accord écrit de séparation, visant à partager des biens entre le cédant et son époux ou conjoint de fait ou ex-époux ou ancien conjoint de fait, en règlement des droits découlant du mariage ou de l’union de fait ou de son échec. Dans le cas où un tel versement ou transfert est effectué pour le compte du cédant avant l’échéance du régime, les règles suivantes s’appliquent : c) le montant du versement ou du transfert ne peut, en raison seulement de ce versement ou du transfert, être inclus dans le calcul du revenu du cédant ou de son époux ou conjoint de fait ou ex-époux ou ancien conjoint de fait; d) aucune déduction ne peut être faite en application des paragraphes (5), (5.1) ou (8.2) ou des articles 8, 60 ou 146.6 au titre du versement ou du transfert dans le calcul du revenu d’un contribuable quelconque; (d) no deduction may be made under subsection (5), (5.1) or (8.2) or section 8, 60 or 146.6 in respect of the payment or transfer in computing the income of any taxpayer, and
Where
Where Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Retirement Savings Plans
Specified pension plan — contribution Specified pension plan — account Impôt sur le revenu
Régimes enregistrés d’épargne-retraite
b) si le montant est transféré relativement à l’époux ou au conjoint de fait ou à l’ex-époux ou à l’ancien conjoint de fait du particulier, l’un des faits suivants se vérifie : (i) le particulier et l’époux ou le conjoint de fait ou l’ex-époux ou l’ancien conjoint de fait vivent séparément et le transfert est effectué conformément à une ordonnance ou un jugement d’un tribunal compétent ou à un accord de séparation, visant à partager des biens en règlement des droits découlant de leur mariage ou union de fait ou de son échec, (ii) le montant est transféré par suite du décès du particulier, les règles suivantes s’appliquent : c) le montant n’est pas, du seul fait du transfert, inclus dans le calcul du revenu d’un contribuable par l’effet du sous-alinéa 56(1)a)(i), d) nul montant n’est déductible aux termes de la présente loi relativement au transfert dans le calcul du revenu d’un contribuable. Régime de pension déterminé — cotisation (21.1) Pour l’application du présent article, des alinéas 18(1)(b), 60(j), j.1) et (l), 74.5(12)(a), 146.01(3)(a) et 146.02(3)(a) et des parties X.1 et X.5 ainsi que de l’article 214.1 du Règlement de l’impôt sur le revenu, la cotisation qu’un particulier verse à son compte, ou au compte de son époux ou conjoint de fait, dans le cadre d’un régime de pension déterminé est réputée être une prime qu’il a versée à un régime enregistré d’épargne-retraite dont il est le rentier ou dont son époux ou conjoint de fait est le rentier, selon le cas. Régime de pension déterminé — compte (21.2) Pour l’application de l’alinéa 8(2)b), du paragraphe 8(21), des alinéas (16)(a) et (b) et 18(1)(u), de l’article 60.01, du sous-alinéa a)(i) de la définition de droit, ou intérêt exclu au paragraphe 128.1(10), de l’alinéa b) de la définition de prime exclue au paragraphe 146.01(1), de l’alinéa c) de la définition de prime exclue au paragraphe 146.02(1), des paragraphes 146.3(14) et 147(19), de l’article 147.3 et des alinéas 147.5(21)c) et 212(1)j.1) et m) ainsi que des dispositions réglementaires prises en application du paragraphe 147.1(18), le compte d’un particulier dans le cadre d’un Specified pension plan — payment Deemed payment of RRSP premiums [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 146; 1994, c. 7, Sch. II, s. 117; 1995, c. 18, s. 62, c. 21, ss. 69, 138; 1996, c. 25, s. 43; 1998, c. 21, ss. 34, 142, 149; c. 35, s. 42; 1999, c. 17, ss. 9, 15; 2000, c. 19, ss. 22, 25; 2001, c. 17, ss. 5, 6, 7, 8, 9, 10, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93, 94, 95, 96, 97, 98, 99, 100, 101, 102, 103, 104, 105, 106, 107, 108, 109, 110, 111, 112, 113, 114, 115, 116, 117, 118, 119, 120, 121, 122, 123, 124, 125, 126, 127, 128, 129, 130, 131, 132, 133, 134, 135, 136, 137, 138, 139, 140, 141, 142, 143, 144, 145, 146, 147, 148, 149, 150, 151, 152, 153, 154, 155, 156, 157, 158, 159, 160, 161, 162, 163, 164, 165, 166, 167, 168, 169, 170, 171, 172, 173, 174, 175, 176, 177, 178, 179, 180, 181, 182, 183, 184, 185, 186, 187, 188, 189, 190, 191, 192, 193, 194, 195, 196, 197, 198, 199, 200, 201, 202, 203, 204, 205, 206, 207, 208, 209, 210, 211, 212, 213, 214, 215, 216, 217, 218, 219, 220, 221, 222, 223, 224, 225, 226, 227, 228, 229, 230, 231, 232, 233, 234, 235, 236, 237, 238, 239, 240, 241, 242, 243, 244, 245, 246, 247, 248, 249, 250, 251, 252, 253, 254, 255, 256, 257, 258, 259, 260, 261, 262, 263, 264, 265, 266, 267, 268, 269, 270, 271, 272, 273, 274, 275, 276, 277, 278, 279, 280, 281, 282, 283, 284, 285, 286, 287, 288, 289, 290, 291, 292, 293, 294, 295, 296, 297, 298, 299, 300, 301, 302, 303, 304, 305, 306, 307, 308, 309, 310, 311, 312, 313, 314, 315, 316, 317, 318, 319, 320, 321, 322, 323, 324, 325, 326, 327, 328, 329, 330, 331, 332, 333, 334, 335, 336, 337, 338, 339, 340, 341, 342, 343, 344, 345, 346, 347, 348, 349, 350, 351, 352, 353, 354, 355, 356, 357, 358, 359, 360, 361, 362, 363, 364, 365, 366, 367, 368, 369, 370, 371, 372, 373, 374, 375, 376, 377, 378, 379, 380, 381, 382, 383, 384, 385, 386, 387, 388, 389, 390, 391, 392, 393, 394, 395, 396, 397, 398, 399, 400, 401, 402, 403, 404, 405, 406, 407, 408, 409, 410, 411, 412, 413, 414, 415, 416, 417, 418, 419, 420, 421, 422, 423, 424, 425, 426, 427, 428, 429, 430, 431, 432, 433, 434, 435, 436, 437, 438, 439, 440, 441, 442, 443, 444, 445, 446, 447, 448, 449, 450, 451, 452, 453, 454, 455, 456, 457, 458, 459, 460, 461, 462, 463, 464, 465, 466, 467, 468, 469, 470, 471, 472, 473, 474, 475, 476, 477, 478, 479, 480, 481, 482, 483, 484, 485, 486, 487, 488, 489, 490, 491, 492, 493, 494, 495, 496, 497, 498, 499, 500, 501, 502, 503, 504, 505, 506, 507, 508, 509, 510, 511, 512, 513, 514, 515, 516, 517, 518, 519, 520, 521, 522, 523, 524, 525, 526, 527, 528, 529, 530, 531, 532, 533, 534, 535, 536, 537, 538, 539, 540, 541, 542, 543, 544, 545, 546, 547, 548, 549, 550, 551, 552, 553, 554, 555, 556, 557, 558, 559, 560, 561, 562, 563, 564, 565, 566, 567, 568, 569, 570, 571, 572, 573, 574, 575, 576, 577, 578, 579, 580, 581, 582, 583, 584, 585, 586, 587, 588, 589, 590, 591, 592, 593, 594, 595, 596, 597, 598, 599, 600, 601, 602, 603, 604, 605, 606, 607, 608, 609, 610, 611, 612, 613, 614, 615, 616, 617, 618, 619, 620, 621, 622, 623, 624, 625, 626, 627, 628, 629, 630, 631, 632, 633, 634, 635, 636, 637, 638, 639, 640, 641, 642, 643, 644, 645, 646, 647, 648, 649, 650, 651, 652, 653, 654, 655, 656, 657, 658, 659, 660, 661, 662, 663, 664, 665, 666, 667, 668, 669, 670, 671, 672, 673, 674, 675, 676, 677, 678, 679, 680, 681, 682, 683, 684, 685, 686, 687, 688, 689, 690, 691, 692, 693, 694, 695, 696, 697, 698, 699, 700, 701, 702, 703, 704, 705, 706, 707, 708, 709, 710, 711, 712, 713, 714, 715, 716, 717, 718, 719, 720, 721, 722, 723, 724, 725, 726, 727, 728, 729, 730, 731, 732, 733, 734, 735, 736, 737, 738, 739, 740, 741, 742, 743, 744, 745, 746, 747, 748, 749, 750, 751, 752, 753, 754, 755, 756, 757, 758, 759, 760, 761, 762, 763, 764, 765, 766, 767, 768, 769, 770, 771, 772, 773, 774, 775, 776, 777, 778, 779, 780, 781, 782, 783, 784, 785, 786, 787, 788, 789, 790, 791, 792, 793, 794, 795, 796, 797, 798, 799, 800, 801, 802, 803, 804, 805, 806, 807, 808, 809, 810, 811, 812, 813, 814, 815, 816, 817, 818, 819, 820, 821, 822, 823, 824, 825, 826, 827, 828, 829, 830, 831, 832, 833, 834, 835, 836, 837, 838, 839, 840, 841, 842, 843, 844, 845, 846, 847, 848, 849, 850, 851, 852, 853, 854, 855, 856, 857, 858, 859, 860, 861, 862, 863, 864, 865, 866, 867, 868, 869, 870, 871, 872, 873, 874, 875, 876, 877, 878, 879, 880, 881, 882, 883, 884, 885, 886, 887, 888, 889, 890, 891, 892, 893, 894, 895, 896, 897, 898, 899, 900, 901, 902, 903, 904, 905, 906, 907, 908, 909, 910, 911, 912, 913, 914, 915, 916, 917, 918, 919, 920, 921, 922, 923, 924, 925, 926, 927, 928, 929, 930, 931, 932, 933, 934, 935, 936, 937, 938, 939, 940, 941, 942, 943, 944, 945, 946, 947, 948, 949, 950, 951, 952, 953, 954, 955, 956, 957, 958, 959, 960, 961, 962, 963, 964, 965, 966, 967, 968, 969, 970, 971, 972, 973, 974, 975, 976, 977, 978, 979, 980, 981, 982, 983, 984, 985, 986, 987, 988, 989, 990, 991, 992, 993, 994, 995, 996, 997, 998, 999, 1000, 1001, 1002, 1003, 1004, 1005, 1006, 1007, 1008, 1009, 1010, 1011, 1012, 1013, 1014, 1015, 1016, 1017, 1018, 1019, 1020, 1021, 1022, 1023, 1024, 1025, 1026, 1027, 1028, 1029, 1030, 1031, 1032, 1033, 1034, 1035, 1036, 1037, 1038, 1039, 1040, 1041, 1042, 1043, 1044, 1045, 1046, 1047, 1048, 1049, 1050, 1051, 1052, 1053, 1054, 1055, 1056, 1057, 1058, 1059, 1060, 1061, 1062, 1063, 1064, 1065, 1066, 1067, 1068, 1069, 1070, 1071, 1072, 1073, 1074, 1075, 1076, 1077, 1078, 1079, 1080, 1081, 1082, 1083, 1084, 1085, 1086, 1087, 1088, 1089, 1090, 1091, 1092, 1093, 1094, 1095, 1096, 1097, 1098, 1099, 1100, 1101, 1102, 1103, 1104, 1105, 1106, 1107, 1108, 1109, 1110, 1111, 1112, 1113, 1114, 1115, 1116, 1117, 1118, 1119, 1120, 1121, 1122, 1123, 1124, 1125, 1126, 1127, 1128, 1129, 1130, 1131, 1132, 1133, 1134, 1135, 1136, 1137, 1138, 1139, 1140, 1141, 1142, 1143, 1144, 1145, 1146, 1147, 1148, 1149, 1150, 1151, 1152, 1153, 1154, 1155, 1156, 1157, 1158, 1159, 1160, 1161, 1162, 1163, 1164, 1165, 1166, 1167, 1168, 1169, 1170, 1171, 1172, 1173, 1174, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190, 1191, 1192, 1193, 1194, 1195, 1196, 1197, 1198, 1199, 1200, 1201, 1202, 1203, 1204, 1205, 1206, 1207, 1208, 1209, 1210, 1211, 1212, 1213, 1214, 1215, 1216, 1217, 1218, 1219, 1220, 1221, 1222, 1223, 1224, 1225, 1226, 1227, 1228, 1229, 1230, 1231, 1232, 1233, 1234, 1235, 1236, 1237, 1238, 1239, 1240, 1241, 1242, 1243, 1244, 1245, 1246, 1247, 1248, 1249, 1250, 1251, 1252, 1253, 1254, 1255, 1256, 1257, 1258, 1259, 1260, 1261, 1262, 1263, 1264, 1265, 1266, 1267, 1268, 1269, 1270, 1271, 1272, 1273, 1274, 1275, 1276, 1277, 1278, 1279, 1280, 1281, 1282, 1283, 1284, 1285, 1286, 1287, 1288, 1289, 1290, 1291, 1292, 1293, 1294, 1295, 1296, 1297, 1298, 1299, 1300, 1301, 1302, 1303, 1304, 1305, 1306, 1307, 1308, 1309, 1310, 1311, 1312, 1313, 1314, 1315, 1316, 1317, 1318, 1319, 1320, 1321, 1322, 1323, 1324, 1325, 1326, 1327, 1328, 1329, 1330, 1331, 1332, 1333, 1334, 1335, 1336, 1337, 1338, 1339, 1340, 1341, 1342, 1343, 1344, 1345, 1346, 1347, 1348, 1349, 1350, 1351, 1352, 1353, 1354, 1355, 1356, 1357, 1358, 1359, 1360, 1361, 1362, 1363, 1364, 1365, 1366, 1367, 1368, 1369, 1370, 1371, 1372, 1373, 1374, 1375, 1376, 1377, 1378, 1379, 1380, 1381, 1382, 1383, 1384, 1385, 1386, 1387, 1388, 1389, 1390, 1391, 1392, 1393, 1394, 1395, 1396, 1397, 1398, 1399, 1400, 1401, 1402, 1403, 1404, 1405, 1406, 1407, 1408, 1409, 1410, 1411, 1412, 1413, 1414, 1415, 1416, 1417, 1418, 1419, 1420, 1421, 1422, 1423, 1424, 1425, 1426, 1427, 1428, 1429, 1430, 1431, 1432, 1433, 1434, 1435, 1436, 1437, 1438, 1439, 1440, 1441, 1442, 1443, 1444, 1445, 1446, 1447, 1448, 1449, 1450, 1451, 1452, 1453, 1454, 1455, 1456, 1457, 1458, 1459, 1460, 1461, 1462, 1463, 1464, 1465, 1466, 1467, 1468, 1469, 1470, 1471, 1472, 1473, 1474, 1475, 1476, 1477, 1478, 1479, 1480, 1481, 1482, 1483, 1484, 1485, 1486, 1487, 1488, 1489, 1490, 1491, 1492, 1493, 1494, 1495, 1496, 1497, 1498, 1499, 1500, 1501, 1502, 1503, 1504, 1505, 1506, 1507, 1508, 1509, 1510, 1511, 1512, 1513, 1514, 1515, 1516, 1517, 1518, 1519, 1520, 1521, 1522, 1523, 1524, 1525, 1526, 1527, 1528, 1529, 1530, 1531, 1532, 1533, 1534, 1535, 1536, 1537, 1538, 1539, 1540, 1541, 1542, 1543, 1544, 1545, 1546, 1547, 1548, 1549, 1550, 1551, 1552, 1553, 1554, 1555, 1556, 1557, 1558, 1559, 1560, 1561, 1562, 1563, 1564, 1565, 1566, 1567, 1568, 1569, 1570, 1571, 1572, 1573, 1574, 1575, 1576, 1577, 1578, 1579, 1580, 1581, 1582, 1583, 1584, 1585, 1586, 1587, 1588, 1589, 1590, 1591, 1592, 1593, 1594, 1595, 1596, 1597, 1598, 1599, 1600, 1601, 1602, 1603, 1604, 1605, 1606, 1607, 1608, 1609, 1610, 1611, 1612, 1613, 1614, 1615, 1616, 1617, 1618, 1619, 1620, 1621, 1622, 1623, 1624, 1625, 1626, 1627, 1628, 1629, 1630, 1631, 1632, 1633, 1634, 1635, 1636, 1637, 1638, 1639, 1640, 1641, 1642, 1643, 1644, 1645, 1646, 1647, 1648, 1649, 1650, 1651, 1652, 1653, 1654, 1655, 1656, 1657, 1658, 1659, 1660, 1661, 1662, 1663, 1664, 1665, 1666, 1667, 1668, 1669, 1670, 1671, 1672, 1673, 1674, 1675, 1676, 1677, 1678, 1679, 1680, 1681, 1682, 1683, 1684, 1685, 1686, 1687, 1688, 1689, 1690, 1691, 1692, 1693, 1694, 1695, 1696, 1697, 1698, 1699, 1700, 1701, 1702, 1703, 1704, 1705, 1706, 1707, 1708, 1709, 1710, 1711, 1712, 1713, 1714, 1715, 1716, 1717, 1718, 1719, 1720, 1721, 1722, 1723, 1724, 1725, 1726, 1727, 1728, 1729, 1730, 1731, 1732, 1733, 1734, 1735, 1736, 1737, 1738, 1739, 1740, 1741, 1742, 1743, 1744, 1745, 1746, 1747, 1748, 1749, 1750, 1751, 1752, 1753, 1754, 1755, 1756, 1757, 1758, 1759, 1760, 1761, 1762, 1763, 1764, 1765, 1766, 1767, 1768, 1769, 1770, 1771, 1772, 1773, 1774, 1775, 1776, 1777, 1778, 1779, 1780, 1781, 1782, 1783, 1784, 1785, 1786, 1787, 1788, 1789, 1790, 1791, 1792, 1793, 1794, 1795, 1796, 1797, 1798, 1799, 1800, 1801, 1802, 1803, 1804, 1805, 1806, 1807, 1808, 1809, 1810, 1811, 1812, 1813, 1814, 1815, 1816, 1817, 1818, 1819, 1820, 1821, 1822, 1823, 1824, 1825, 1826, 1827, 1828, 1829, 1830, 1831, 1832, 1833, 1834, 1835, 1836, 1837, 1838, 1839, 1840, 1841, 1842, 1843, 1844, 1845, 1846, 1847, 1848, 1849, 1850, 1851, 1852, 1853, 1854, 1855, 1856, 1857, 1858, 1859, 1860, 1861, 1862, 1863, 1864, 1865, 1866, 1867, 1868, 1869, 1870, 1871, 1872, 1873, 1874, 1875, 1876, 1877, 1878, 1879, 1880, 1881, 1882, 1883, 1884, 1885, 1886, 1887, 1888, 1889, 1890, 1891, 1892, 1893, 1894, 1895, 1896, 1897, 1898, 1899, 1900, 1901, 1902, 1903, 1904, 1905, 1906, 1907, 1908, 1909, 1910, 1911, 1912, 1913, 1914, 1915, 1916, 1917, 1918, 1919, 1920, 1921, 1922, 1923, 1924, 1925, 1926, 1927, 1928, 1929, 1930, 1931, 1932, 1933, 1934, 1935, 1936, 1937, 1938, 1939, 1940, 1941, 1942, 1943, 1944, 1945, 1946, 1947, 1948, 1949, 1950, 1951, 1952, 1953, 1954, 1955, 1956, 1957, 1958, 1959, 1960, 1961, 1962, 1963, 1964, 1965, 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1974, 1975, 1976, 1977, 1978, 1979, 1980, 1981, 1982, 1983, 1984, 1985, 1986, 1987, 1988, 1989, 1990, 1991, 1992, 1993, 1994, 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033, 2034, 2035, 2036, 2037, 2038, 2039, 2040, 2041, 2042, 2043, 2044, 2045, 2046, 2047, 2048, 2049, 2050, 2051, 2052, 2053, 2054, 2055, 2056, 2057, 2058, 2059, 2060, 2061, 2062, 2063, 2064, 2065, 2066, 2067, 2068, 2069, 2070, 2071, 2072, 2073, 2074, 2075, 2076, 2077, 2078, 2079, 2080, 2081, 2082, 2083, 2084, 2085, 2086, 2087, 2088, 2089, 2090, 2091, 2092, 2093, 2094, 2095, 2096, 2097, 2098, 2099, 2100, 2101, 2102, 2103, 2104, 2105, 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117, 2118, 2119, 2120, 2121, 2122, 2123, 2124, 2125, 2126, 2127, 2128, 2129, 2130, 2131, 2132, 2133, 2134, 2135, 2136, 2137, 2138, 2139, 2140, 2141, 2142, 2143, 2144, 2145, 2146, 2147, 2148, 2149, 2150, 2151, 2152, 2153, 2154, 2155, 2156, 2157, 2158, 2159, 2160, 2161, 2162, 2163, 2164, 2165, 2166, 2167, 2168, 2169, 2170, 2171, 2172, 2173, 2174, 2175, 2176, 2177, 2178, 2179, 2180, 2181, 2182, 2183, 2184, 2185, 2186, 2187, 2188, 2189, 2190, 2191, 2192, 2193, 2194, 2195, 2196, 2197, 2198, 2199, 2200, 2201, 2202, 2203, 2204, 2205, 2206, 2207, 2208, 2209, 2210, 2211, 2212, 2213, 2214, 2215, 2216, 2217, 2218, 2219, 2220, 2221, 2222, 2223, 2224, 2225, 2226, 2227, 2228, 2229, 2230, 2231, 2232, 2233, 2234, 2235, 2236, 2237, 2238, 2239, 2240, 2241, 2242, 2243, 2244, 2245, 2246, 2247, 2248, 2249, 2250, 2251, 2252, 2253, 2254, 2255, 2256, 2257, 2258, 2259, 2260, 2261, 2262, 2263, 2264, 2265, 2266, 2267, 2268, 2269, 2270, 2271, 2272, 2273, 2274, 2275, 2276, 2277, 2278, 2279, 2280, 2281, 2282, 2283, 2284, 2285, 2286, 2287, 2288, 2289, 2290, 2291, 2292, 2293, 2294, 2295, 2296, 2297, 2298, 2299, 2300, 2301, 2302, 2303, 2304, 2305, 2306, 2307, 2308, 2309, 2310, 2311, 2312, 2313, 2314, 2315, 2316, 2317, 2318, 2319, 2320, 2321, 2322, 2323, 2324, 2325, 2326, 2327, 2328, 2329, 2330, 2331, 2332, 2333, 2334, 2335, 2336, 2337, 2338, 2339, 2340, 2341, 2342, 2343, 2344, 2345, 2346, 2347, 2348, 2349, 2350, 2351, 2352, 2353, 2354, 2355, 2356, 2357, 2358, 2359, 2360, 2361, 2362, 2363, 2364, 2365, 2366, 2367, 2368, 2369, 2370, 2371, 2372, 2373, 2374, 2375, 2376, 2377, 2378, 2379, 2380, 2381, 2382, 2383, 2384, 2385, 2386, 2387, 2388, 2389, 2390, 2391, 2392, 2393, 2394, 2395, 2396, 2397, 2398, 2399, 2400, 2401, 2402, 2403, 2404, 2405, 2406, 2407, 2408, 2409, 2410, 2411, 2412, 2413, 2414, 2415, 2416, 2417, 2418, 2419, 2420, 2421, 2422, 2423, 2424, 2425, 2426, 2427, 2428, 2429, 2430, 2431, 2432, 2433, 2434, 2435, 2436, 2437, 2438, 2439, 2440, 2441, 2442, 2443, 2444, 2445, 2446, 2447, 2448, 2449, 2450, 2451, 2452, 2453, 2454, 2455, 2456, 2457, 2458, 2459, 2460, 2461, 2462, 2463, 2464, 2465, 2466, 2467, 2468, 2469, 2470, 2471, 2472, 2473, 2474, 2475, 2476, 2477, 2478, 2479, 2480, 2481, 2482, 2483, 2484, 2485, 2486, 2487, 2488, 2489, 2490, 2491, 2492, 2493, 2494, 2495, 2496, 2497, 2498, 2499, 2500, 2501, 2502, 2503, 2504, 2505, 2506, 2507, 2508, 2509, 2510, 2511, 2512, 2513, 2514, 2515, 2516, 2517, 2518, 2519, 2520, 2521, 2522, 2523, 2524, 2525, 2526, 2527, 2528, 2529, 2530, 2531, 2532, 2533, 2534, 2535, 2536, 2537, 2538, 2539, 2540, 2541, 2542, 2543, 2544, 2545, 2546, 2547, 2548, 2549, 2550, 2551, 2552, 2553, 2554, 2555, 2556, 2557, 2558, 2559, 2560, 2561, 2562, 2563, 2564, 2565, 2566, 2567, 2568, 2569, 2570, 2571, 2572, 2573, 2574, 2575, 2576, 2577, 2578, 2579, 2580, 2581, 2582, 2583, 2584, 2585, 2586, 2587, 2588, 2589, 2590, 2591, 2592, 2593, 2594, 2595, 2596, 2597, 2598, 2599, 2600, 2601, 2602, 2603, 2604, 2605, 2606, 2607, 2608, 2609, 2610, 2611, 2612, 2613, 2614, 2615, 2616, 2617, 2618, 2619, 2620, 2621, 2622, 2623, 2624, 2625, 2626, 2627, 2628, 2629, 2630, 2631, 2632, 2633, 2634, 2635, 2636, 2637, 2638, 2639, 2640, 2641, 2642, 2643, 2644, 2645, 2646, 2647, 2648, 2649, 2650, 2651, 2652, 2653, 2654, 2655, 2656, 2657, 2658, 2659, 2660, 2661, 2662, 2663, 2664, 2665, 2666, 2667, 2668, 2669, 2670, 2671, 2672, 2673, 2674, 2675, 2676, 2677, 2678, 2679, 2680, 2681, 2682, 2683, 2684, 2685, 2686, 2687, 2688, 2689, 2690, 2691, 2692, 2693, 2694, 2695, 2696, 2697, 2698, 2699, 2700, 2701, 2702, 2703, 2704, 2705, 2706, 2707, 2708, 2709, 2710, 2711, 2712, 2713, 2714, 2715, 2716, 2717, 2718, 2719, 2720, 2721, 2722, 2723, 2724, 2725, 2726, 2727, 2728, 2729, 2730, 2731, 2732, 2733, 2734, 2735, 2736, 2737, 2738, 2739, 2740, 2741, 2742, 2743, 2744, 2745, 2746, 2747, 2748, 2749, 2750, 2751, 2752, 2753, 2754, 2755, 2756, 2757, 2758, 2759, 2760, 2761, 2762, 2763, 2764, 2765, 2766, 2767, 2768, 2769, 2770, 2771, 2772, 2773, 2774, 2775, 2776, 2777, 2778, 2779, 2780, 2781, 2782, 2783, 2784, 2785, 2786, 2787, 2788, 2789, 2790, 2791, 2792, 2793, 2794, 2795, 2796, 2797, 2798, 2799, 2800, 2801, 2802, 2803, 2804, 2805, 2806, 2807, 2808, 2809, 2810, 2811, 2812, 2813, 2814, 2815, 2816, 2817, 2818, 2819, 2820, 2821, 2822, 2823, 2824, 2825, 2826, 2827, 2828, 2829, 2830, 2831, 2832, 2833, 2834, 2835, 2836, 2837, 2838, 2839, 2840, 2841, 2842, 2843, 2844, 2845, 2846, 2847, 2848, 2849, 2850, 2851, 2852, 2853, 2854, 2855, 2856, 2857, 2858, 2859, 2860, 2861, 2862, 2863, 2864, 2865, 2866, 2867, 2868, 2869, 2870, 2871, 2872, 2873, 2874, 2875, 2876, 2877, 2878, 2879, 2880, 2881, 2882, 2883, 2884, 2885, 2886, 2887, 2888, 2889, 2890, 2891, 2892, 2893, 2894, 2895, 2896, 2897, 2898, 2899, 2900, 2901, 2902, 2903, 2904, 2905, 2906, 2907, 2908, 2909, 2910, 2911, 2912, 2913, 2914, 2915, 2916, 2917, 2918, 2919, 2920, 2921, 2922, 2923, 2924, 2925, 2926, 2927, 2928, 2929, 2930, 2931, 2932, 2933, 2934, 2935, 2936, 2937, 2938, 2939, 2940, 2941, 2942, 2943, 2944, 2945, 2946, 2947, 2948, 2949, 2950, 2951, 2952, 2953, 2954, 2955, 2956, 2957, 2958, 2959, 2960, 2961, 2962, 2963, 2964, 2965, 2966, 2967, 2968, 2969, 2970, 2971, 2972, 2973, 2974, 2975, 2976, 2977, 2978, 2979, 2980, 2981, 2982, 2983, 2984, 2985, 2986, 2987, 2988, 2989, 2990, 2991, 2992, 2993, 2994, 2995, 2996, 2997, 2998, 2999, 3000, 3001, 3002, 3003, 3004, 3005, 3006, 3007, 3008, 3009, 3010, 3011, 3012, 3013, 3014, 3015, 3016, 3017, 3018, 3019, 3020, 3021, 3022, 3023, 3024, 3025, 3026, 3027, 3028, 3029, 3030, 3031, 3032, 3033, 3034, 3035, 3036, 3037, 3038, 3039, 3040, 3041, 3042, 3043, 3044, 3045, 3046, 3047, 3048, 3049, 3050, 3051, 3052, 3053, 3054, 3055, 3056, 3057, 3058, 3059, 3060, 3061, 3062, 3063, 3064, 3065, 3066, 3067, 3068, 3069, 3070, 3071, 3072, 3073, 3074, 3075, 3076, 3077, 3078, 3079, 3080, 3081, 3082, 3083, 3084, 3085, 3086, 3087, 3088, 3089, 3090, 3091, 3092, 3093, 3094, 3095, 3096, 3097, 3098, 3099, 3100, 3101, 3102, 3103, 3104, 3105, 3106, 3107, 3108, 3109, 3110, 3111, 3112, 3113, 3114, 3115, 3116, 3117, 3118, 3119, 3120, 3121, 3122, 3123, 3124, 3125, 3126, 3127, 3128, 3129, 3130, 3131, 3132, 3133, 3134, 3135, 3136, 3137, 3138, 3139, 3140, 3141, 3142, 3143, 3144, 3145, 3146, 3147, 3148, 3149, 3150, 3151, 3152, 3153, 3154, 3155, 3156, 3157, 3158, 3159, 3160, 3161, 3162, 3163, 3164, 3165, 3166, 3167, 3168, 3169, 3170, 3171, 3172, 3173, 3174, 3175, 3176, 3177, 3178, 3179, 3180, 3181, 3182, 3183, 3184, 3185, 3186, 3187, 3188, 3189, 3190, 3191, 3192, 3193, 3194, 3195, 3196, 3197, 3198, 3199, 3200, 3201, 3202, 3203, 3204, 3205, 3206, 3207, 3208, 3209, 3210, 3211, 3212, 3213, 3214, 3215, 3216, 3217, 3218, 3219, 3220, 3221, 3222, 3223, 3224, 3225, 3226, 3227, 3228, 3229, 3230, 3231, 3232, 3233, 3234, 3235, 3236, 3237, 3238, 3239, 3240, 3241, 3242, 3243, 3244, 3245, 3246, 3247, 3248, 3249, 3250, 3251, 3252, 3253, 3254, 3255, 3256, 3257, 3258, 3259, 3260, 3261, 3262, 3263, 3264, 3265, 3266, 3267, 3268, 3269, 3270, 3271, 3272, 3273, 3274, 3275, 3276, 3277, 3278, 3279, 3280, 3281, 3282, 3283, 3284, 3285, 3286, 3287, 3288, 3289, 3290, 3291, 3292, 3293, 3294, 3295, 3296, 3297, 3298, 3299, 3300, 3301, 3302, 3303, 3304, 3305, 3306, 3307, 3308, 3309, 3310, 3311, 3312, 3313, 3314, 3315, 3316, 3317, 3318, 3319, 3320, 3321, 3322, 3323, 3324, 3325, 3326, 3327, 3328, 3329, 3330, 3331, 3332, 3333, 3334, 3335, 3336, 3337, 3338, 3339, 3340, 3341, 3342, 3343, 3344, 3345, 3346, 3347, 3348, 3349, 3350, 3351, 3352, 3353, 3354, 3355, 3356, 3357, 3358, 3359, 3360, 3361, 3362, 3363, 3364, 3365, 3366, 3367, 3368, 3369, 3370, 3371, 3372, 3373, 3374, 3375, 3376, 3377, 3378, 3379, 3380, 3381, 3382, 3383, 3384, 3385, 3386, 3387, 3388, 3389, 3390, 3391, 3392, 3393, 3394, 3395, 3396, 3397, 3398, 3399, 3400, 3401, 3402, 3403, 3404, 3405, 3406, 3407, 3408, 3409, 3410, 3411, 3412, 3413, 3414, 3415, 3416, 3417, 3418, 3419, 3420, 3421, 3422, 3423, 3424, 3425, 3426, 3427, 3428, 3429, 3430, 3431, 3432, 3433, 3434, 3435, 3436, 3437, 3438, 3439, 3440, 3441, 3442, 3443, 3444, 3445, 3446, 3447, 3448, 3449, 3450, 3451, 3452, 3453, 3454, 3455, 3456, 3457, 3458, 3459, 3460, 3461, 3462, 3463, 3464, 3465, 3466, 3467, 3468, 3469, 3470, 3471, 3472, 3473, 3474, 3475, 3476, 3477, 3478, 3479, 3480, 3481, 3482, 3483, 3484, 3485, 3486, 3487, 3488, 3489, 3490, 3491, 3492, 3493, 3494, 3495, 3496, 3497, 3498, 3499, 3500, 3501, 3502, 3503, 3504, 3505, 3506, 3507, 3508, 3509, 3510, 3511, 3512, 3513, 3514, 3515, 3516, 3517, 3518, 3519, 3520, 3521, 3522, 3523, 3524, 3525, 3526, 3527, 3528, 3529, 3530, 3531, 3532, 3533, 3534, 3535, 3536, 3537, 3538, 3539, 3540, 3541, 3542, 3543, 3544, 3545, 3546, 3547, 3548, 3549, 3550, 3551, 3552, 3553, 3554, 3555, 3556, 3557, 3558, 3559, 3560, 3561, 3562, 3563, 3564, 3565, 3566, 3567, 3568, 3569, 3570, 3571, 3572, 3573, 3574, 3575, 3576, 3577, 3578, 3579, 3580, 3581, 3582, 3583, 3584, 3585, 3586, 3587, 3588, 3589, 3590, 3591, 3592, 3593, 3594, 3595, 3596, 3597, 3598, 3599, 3600, 3601, 3602, 3603, 3604, 3605, 3606, 3607, 3608, 3609, 3610, 3611, 3612, 3613, 3614, 3615, 3616, 3617, 3618, 3619, 3620, 3621, 3622, 3623, 3624, 3625, 3626, 3627, 3628, 3629, 3630, 3631, 3632, 3633, 3634, 3635, 3636, 3637, 3638, 3639, 3640, 3641, 3642, 3643, 3644, 3645, 3646, 3647, 3648, 3649, 3650, 3651, 3652, 3653, 3654, 3655, 3656, 3657, 3658, 3659, 3660, 3661, 3662, 3663, 3664, 3665, 3666, 3667, 3668, 3669, 3670, 3671, 3672, 3673, 3674, 3675, 3676, 3677, 3678, 3679, 3680, 3681, 3682, 3683, 3684, 3685, 3686, 3687, 3688, 3689, 3690, 3691, 3692, 3693, 3694, 3695, 3696, 3697, 3698, 3699, 3700, 3701, 3702, 3703, 3704, 3705, 3706, 3707, 3708, 3709, 3710, 3711, 3712, 3713, 3714, 3715, 3716, 3717, 3718, 3719, 3720, 3721, 3722, 3723, 3724, 3725, 3726, 3727, 3728, 3729, 3730, 3731, 3732, 3733, 3734, 3735, 3736, 3737, 3738, 3739, 3740, 3741, 3742, 3743, 3744, 3745, 3746, 3747, 3748, 3749, 3750, 3751, 3752, 3753, 3754, 3755, 3756, 3757, 3758, 3759, 3760, 3761, 3762, 3763, 3764, 3765, 3766, 3767, 3768, 3769, 3770, 3771, 3772, 3773, 3774, 3775, 3776, 3777, 3778, 3779, 3780, 3781, 3782, 3783, 3784, 3785, 3786, 3787, 3788, 3789, 3790, 3791, 3792, 3793, 3794, 3795, 3796, 3797, 3798, 3799, 3800, 3801, 3802, 3803, 3804, 3805, 3806, 3807, 3808, 3809, 3810, 3811, 3812, 3813, 3814, 3815, 3816, 3817, 3818, 3819, 3820, 3821, 3822, 3823, 3824, 3825, 3826, 3827, 3828, 3829, 3830, 3831, 3832, 3833, 3834, 3835, 3836, 3837, 3838, 3839, 3840, 3841, 3842, 3843, 3844, 3845, 3846, 3847, 3848, 3849, 3850, 3851, 3852, 3853, 3854, 3855, 3856, 3857, 3858, 3859, 3860, 3861, 3862, 3863, 3864, 3865, 3866, 3867, 3868, 3869, 3870, 3871, 3872, 3873, 3874, 3875, 3876, 3877, 3878, 3879, 3880, 3881, 3882, 3883, 3884, 3885, 3886, 3887, 3888, 3889, 3890, 3891, 3892, 3893, 3894, 3895, 3896, 3897, 3898, 3899, 3900, 3901, 3902, 3903, 3904, 3905, 3906, 3907, 3908, 3909, 3910, 3911, 3912, 3913, 3914, 3915, 3916, 3917, 3918, 3919, 3920, 3921, 3922, 3923, 3924, 3925, 3926, 3927, 3928, 3929, 3930, 3931, 3932, 3933, 3934, 3935, 3936, 3937, 3938, 3939, 3940, 3941, 3942, 3943, 3944, 3945, 3946, 3947, 3948, 3949, 3950, 3951, 3952, 3953, 3954, 3955, 3956, 3957, 3958, 3959, 3960, 3961, 3962, 3963, 3964, 3965, 3966, 3967, 3968, 3969, 3970, 3971, 3972, 3973, 3974, 3975, 3976, 3977, 3978, 3979, 3980, 3981, 3982, 3983, 3984, 3985, 3986, 3987, 3988, 3989, 3990, 3991, 3992, 3993, 3994, 3995, 3996, 3997, 3998, 3999, 4000, 4001, 4002, 4003, 4004, 4005, 4006, 4007, 4008, 4009, 4010, 4011, 4012, 4013, 4014, 4015, 4016, 4017, 4018, 4019, 4020, 4021, 4022, 4023, 4024, 4025, 4026, 4027, 4028, 4029, 4030, 4031, 4032, 4033, 4034, 4035, 4036, 4037, 4038, 4039, 4040, 4041, 4042, 4043, 4044, 4045, 4046, 4047, 4048, 4049, 4050, 4051, 4052, 4053, 4054, 4055, 4056, 4057, 4058, 4059, 4060, 4061, 4062, 4063, 4064, 4065, 4066, 4067, 4068, 4069, 4070, 4071, 4072, 4073, 4074, 4075, 4076, 4077, 4078, 4079, 4080, 4081, 4082, 4083, 4084, 4085, 4086, 4087, 4088, 4089, 4090, 4091, 4092, 4093, 4094, 4095, 4096, 4097, 4098, 4099, 4100, 4101, 4102, 4103, 4104, 4105, 4106, 4107, 4108, 4109, 4110, 4111, 4112, 4113, 4114, 4115, 4116, 4117, 4118, 4119, 4120, 4121, 4122, 4123, 4124, 4125, 4126, 4127, 4128, 4129, 4130, 4131, 4132, 4133, 4134, 4135, 4136, 4137, 4138, 4139, 4140, 4141, 4142, 4143, 4144, 4145, 4146, 4147, 4148, 4149, 4150, 4151, 4152, 4153, 4154, 4155, 4156, 4157, 4158, 4159, 4160, 4161, 4162, 4163, 4164, 4165, 4166, 4167, 4168, 4169, 4170, 4171, 4172, 4173, 4174, 4175, 4176, 4177, 4178, 4179, 4180, 4181, 4182, 4183, 4184, 4185, 4186, 4187, 4188, 4189, 4190, 4191, 4192, 4193, 4194, 4195, 4196, 4197, 4198, 4199, 4200, 4201, 4202, 4203, 4204, 4205, 4206, 4207, 4208, 4209, 4210, 4211, 4212, 4213, 4214, 4215, 4216, 4217, 4218, 4219, 4220, 4221, 4222, 4223, 4224, 4225, 4226, 4227, 4228, 4229, 4230, 4231, 4232, 4233, 4234, 4235, 4236, 4237, 4238, 4239, 4240 eligible amount of an individual is a regular eligible amount or supplemental eligible amount of the individual; (montant admissible) (a) was designated by the individual for the purposes of paragraph 60(j), 60(j.1), 60(j.2) or 60(l), b) à ce moment, le particulier a l’intention que l’habitation lui serve de lieu principal de résidence, ou serve ainsi à la personne handicapée déterminée, au plus tard un an après son acquisition; c) ni le particulier, ni la personne handicapée déterminée, ni leur époux ou conjoint de fait respectif n’ont acquis l’habitation avant ce moment. (replacement property) date de clôture S’agissant de la date de clôture relative à un montant reçu par un particulier : a) le 1er octobre 1993, si le montant est reçu avant le 2 mars 1993; b) le 1er octobre 1994, si le montant est reçu après le 1er mars 1993 et avant le 2 mars 1994; c) le 1er octobre de l’année civile suivant celle de la réception du montant, dans les autres cas. (completion date) émetteur S’entend au sens du paragraphe 146(1). (issuer) habitation admissible a) Logement situé au Canada; b) part du capital social d’une coopérative d’habitation, qui confère au titulaire le droit de posséder un logement situé au Canada. Toutefois la mention d’une habitation admissible est une partie visée à l’alinéa b) vaut mention, selon le contexte, du logement auquel cette part se rapporte. (qualifying home) montant admissible Montant admissible principal ou montant admissible supplémentaire. (eligible amount) montant admissible principal Montant qu’un particulier reçoit à un moment donné à titre de prestation dans le cadre d’un régime enregistré d’épargne-retraite, si les conditions suivantes sont réunies : a) le particulier reçoit le montant à sa demande écrite présentée sur le formulaire prescrit dans lequel il indique l’emplacement de l’habitation admissible qu’il a commencé à utiliser comme lieu principal de résidence ou qu’il a l’intention de commencer à utiliser ainsi au plus tard un an après son acquisition; b) le particulier donne une convention écrite avant le moment donné visant l’acquisition de l’habitation ou sa construction; (iv) either c) le particulier : (i) soit acquiert l’habitation ou un bien de remplacement y afférent avant la date de clôture relative au montant, (ii) soit décède avant la fin de l’année civile qui comprend cette date; d) ni le particulier ni son époux ou conjoint de fait n’ont acquis l’habitation plus de 30 jours avant le moment donné; e) le particulier ne possédait pas d’habitation à titre de propriétaire-occupant au cours de la période : (i) ayant commencé au début de la quatrième année civile précédant celle qui a pris fin avant le moment donné, (ii) s’étant terminée le trentième et unième jour précédant ce moment; f) l’époux ou conjoint de fait du particulier ne possédait pas d’habitation à titre de propriétaire-occupant au cours de la période visée à l’alinéa e) qui était : (i) soit une habitation que le particulier occupait pendant leur mariage ou union de fait, (ii) soit une part du capital social d’une coopérative d’habitation se rattachant à un logement que le particulier occupait pendant leur mariage ou union de fait; g) le particulier : (i) soit a acquis l’habitation avant le moment donné et réside au Canada à ce moment, (ii) soit réside au Canada tout au long de la période commençant au moment donné et se terminant à son décès ou, s’il est antérieur, au moment où il a acquis l’habitation ou un bien de remplacement y afférent; h) la somme du montant et des autres montants admissibles reçus par le particulier au cours de l’année civile qui comprend le moment donné n’excède pas 60 000 $; i) le solde RAP du particulier au début de l’année civile qui comprend le moment donné est nul. (regular eligible amount) issuer has the meaning assigned by subsection 146(1); (émetteur) participation period of an individual means each period montant admissible supplémentaire Montant qu’un particulier reçoit à un moment donné à titre de prestation dans le cadre d’un régime enregistré d’épargne-retraite, si les conditions suivantes sont réunies : a) le particulier reçoit le montant à sa demande écrite présentée sur le formulaire prescrit dans lequel il indique le nom d’une personne handicapée déterminée quant à lui ainsi que l’emplacement de l’habitation admissible : (i) soit que cette personne a commencé à utiliser comme lieu principal de résidence, (ii) soit qu’il a l’intention de faire servir de lieu principal de résidence à cette personne au plus tard un an après le moment où elle est acquise pour la première fois après le moment donné; b) le montant est reçu afin de permettre à la personne handicapée déterminée de vivre : (i) soit dans une habitation qui lui est plus facile d’accès ou dans laquelle elle est plus apte à accomplir les tâches de la vie quotidienne plus facilement, (ii) soit dans un milieu qui est mieux adapté à ses besoins personnels et aux soins qu’elle requiert; c) le particulier ou la personne handicapée déterminée a conclu une convention écrite avant le moment donné visant l’acquisition de l’habitation ou sa construction; d) selon le cas : (i) le particulier ou la personne handicapée déterminée acquiert l’habitation ou un bien de remplacement après 1998 et avant la date de clôture relative au montant, (ii) le particulier décède avant la fin de l’année civile qui comprend cette date; e) ni le particulier, ni la personne handicapée déterminée, ni leur époux ou conjoint de fait respectif n’ont acquis l’habitation plus de 30 jours avant le moment donné; f) selon le cas : (i) le particulier ou la personne handicapée déterminée a acquis l’habitation avant le moment donné et le particulier résidait au Canada à ce moment, quarter [Repealed, 2013, c. 34, s. 297] (ii) le particulier réside au Canada tout au long de la période commençant au moment donné et se terminant à son décès
(d) either Impôt sur le revenu
Régime d’accession à la propriété
(II) le moment de la production de la déclaration, (B) dans le cas où la division (A) ne s’applique pas et où le montant donné serait un montant admissible si ce n’était la subdivision (2)c)(ii)(A)(II), la fin de la deuxième année civile suivante, (C) dans les autres cas, la fin de l’année civile suivante, (iv) selon le cas : (A) si le moment donné est antérieur à 2000, le paiement est effectué en remboursement du montant donné à l’émetteur du régime enregistré d’épargne-retraite auquel le montant donné a été reçu, aucun autre paiement n’est effectué en remboursement du montant donné et l’émetteur en question est avisé du paiement sur le formulaire prescrit qui lui est présenté au moment du paiement, (B) le paiement est effectué après 1999 et avant 2001 et le montant donné est le seul paiement qui est indiqué en apparence de la présente division à titre de remboursement du montant donné dans un formulaire prescrit présenté au ministère à ce moment ou antérieurement (ou avant tout moment postérieur que celui-ci estime acceptable) à ce titre de remboursement du montant donné; (C) soit un montant, sauf un montant admissible, reçu au cours d’une année civile antérieure à 1999 qui serait un montant admissible du particulier en l’absence des alinéas c) et e) de la définition de montant admissible, dans sa version applicable aux montants reçus avant 1999, dans le cas où le particulier, à la fois : (i) est décédé avant la fin de l’année civile suivante, (ii) résidait au Canada tout au long de la période ayant commencé immédiatement après la réception du montant et s’étant terminée au moment du décès; (D) soit un montant donné, sauf un montant admissible, qu’il a reçu au cours d’une année civile pendant qu’il résidait au Canada, si les conditions suivantes sont réunies : (i) le montant donné serait un montant admissible principal en l’absence du sous-alinéa (2.1)a)(ii), (ii) il effectue un paiement, sauf une prime exclue, égal au montant donné dans le cadre d’un régime (f) either Special Rules (b) except for the purposes of paragraphs (d) and (g) of the definition regular eligible amount and paragraphs (e) and (f) of the definition supplemental eligible amount in subsection (1), where an individual d’épargne-retraite qui, à la fin de l’année d’imposition du paiement, est un régime enregistré d’épargne-retraite dont il est le rentier, (iii) le paiement est versé avant la fin de la deuxième année civile qui suit l’année civile qui comprend le moment donné visé au paragraphe (2.1). (excluded withdrawal) solde RAP Quant à un particulier à un moment donné, l’excédent éventuel du total des montants admissibles qu’il a reçus à ce moment ou antérieurement sur le total des montants suivants : a) les montants qu’il a indiqués en application du paragraphe (3) pour les années d’imposition s’étant terminées avant ce moment; b) les montants dont chacun est inclus en application des paragraphes (4) ou (5) dans le calcul de son revenu pour une année d’imposition s’étant terminée avant ce moment. (HBP balance) trimestre [Abrogé, 2013, ch. 34, art. 297] Règles spéciales
Les présomptions suivantes s’appliquent au présent article : a) un particulier est réputé acquérir une habitation admissible s’il l’acquiert conjointement avec une ou plusieurs personnes; a.1) le particulier qui possède, conjointement avec une autre personne ou autrement, un logement ou une part du capital social d’une coopérative d’habitation à un moment donné est réputé posséder une habitation à titre de propriétaire-occupant à ce moment si, selon le cas : (i) il habite le logement comme lieu principal de résidence à ce moment, (ii) la part a été acquise en vue d’acquérir le droit de posséder une logement appartenant à la coopérative, logement que le particulier habite comme lieu principal de résidence à ce moment; b) sauf pour l’application des alinéas d) et g) de la définition de montant admissible principal et des alinéas e) et f) de la définition de montant admissible supplémentaire au paragraphe (1), le particulier qui (ii) either (A) the individual or the specified disabled person accepte d’acquérir un logement en copropriété est réputé l’acquérir le jour où il a droit d’en prendre possession; c) sauf pour l’application du sous-alinéa g)(ii) de la définition de montant admissible principal et du sous-alinéa f)(ii) de la définition de montant admissible supplémentaire, le particulier ou une personne handicapée déterminée quant à lui est réputé avoir acquis une habitation admissible avant la date de clôture relative à un retrait déterminé qu’il a reçu relativement à l’habitation, si les conditions suivantes sont réunies : (i) ni le particulier, ni la personne handicapée déterminée n’ont acquis l’habitation, ni un bien de remplacement y afférent, avant la date de clôture en question, (ii) l’une ou l’autre des situations suivantes se présente : (A) le particulier ou la personne handicapée déterminée, à la fois : (I) est tenu, par convention écrite en vigueur à la date de clôture en question, d’acquérir l’habitation ou le bien de remplacement à cette date ou postérieurement, (II) acquiert l’habitation ou le bien de remplacement avant le jour qui suit d’un an la date de clôture en question, (B) le particulier ou la personne handicapée déterminée a fait des paiements — dont le total est au moins égal au total des retraits déterminés que le particulier a reçus relativement à l’habitation — qui répondent aux conditions suivantes : (I) ils ont été faits à des personnes avec lesquelles le particulier n’a aucun lien de dépendance, (II) ils se rapportent à la construction de l’habitation ou du bien de remplacement, (III) ils ont été faits au cours de la période commençant au moment où le particulier a reçu son premier retrait déterminé relativement à l’habitation et se terminant avant la date de clôture en question; d) le montant que le particulier reçoit au cours d’une année civile donnée est réputé avoir été reçu à la fin de l’année civile précédente et à aucun autre moment si les conditions suivantes sont réunies : Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Home Buyers' Plan
(e) and (f) [Repealed, 1999, c. 22, s. 60(5)] (2.1) Notwithstanding paragraph (2)(a.1), for the purposes of the definition regular eligible amount, Impôt sur le revenu
Régime d'accession à la propriété
(i) le particulier le reçoit en janvier de l'année donnée ou à tout moment postérieur que le ministre estime acceptable, (ii) il ne serait pas un montant admissible en l'absence du présent alinéa, (iii) il serait un montant admissible en l'absence de l'alinéa i) de la définition de montant admissible principal au paragraphe (1) et de l'alinéa h) de la définition de montant admissible supplémentaire à ce même paragraphe. e) et f) [Abrogés, 1999, ch. 22, art. 60(5)] Mariage ou union de fait (2.1) Malgré l'alinéa (2)a.1), pour l'application de la définition de montant admissible principal : a) un particulier et son époux ou conjoint de fait sont réputés ne pas posséder d'habitation à titre de propriétaires-occupants au cours d'une période se terminant avant un moment donné mentionné dans cette définition, si les conditions suivantes sont réunies : (i) au moment donné, le particulier : (A) vit séparé de son époux ou conjoint de fait pour cause d'échec du mariage ou de l'union de fait, (B) vivait séparé de son époux ou conjoint de fait pendant une période d'au moins 90 jours, (C) avait commencé à vivre séparé de son époux ou conjoint de fait au cours de l'année civile qui comprend le moment donné ou, au cours des quatre années civiles précédentes, (ii) en l'absence du présent paragraphe, le particulier ne serait pas empêché d'avoir un montant admissible principal en application de l'alinéa f) de cette définition relativement à un époux ou conjoint de fait qui n'est pas l'époux ou conjoint de fait visé aux divisions (i)(A) à (C), (iii) lorsque le particulier possède une habitation à titre de propriétaire-occupant au moment donné : (A) soit l'habitation n'est pas l'habitation admissible mentionnée à cette définition et le particulier dispose de l'habitation au plus tard à la fin de la deuxième année civile suivant l'année qui comprend le moment donné, Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Home Buyers’ Plan
Repayment of eligible amount Impôt sur le revenu
Régime d’accession à la propriété
(B) soit le particulier acquiert l’intérêt ou, pour l’application du droit civil, le droit de l’époux ou du conjoint de fait dans l’habitation; b) si un particulier auquel s’applique l’alinéa a) possède une habitation à titre de propriétaire-occupant au moment donné mentionné à cet alinéa et qu’il acquiert l’intérêt ou, pour l’application du droit civil, le droit d’un époux ou conjoint de fait dans l’habitation, le particulier est réputé, pour l’application des alinéas c) et d) de cette définition, avoir acquis une habitation admissible à la date à laquelle il a acquis l’intérêt ou le droit. Remboursement du montant admissible
Le particulier peut indiquer, pour une année d’imposition, dans un formulaire prescrit joint à sa déclaration de revenu pour l’année un montant unique ne dépassant pas le moins élevé des montants suivants : a) le total des montants (sauf les primes exclues, les remboursements auxquels s’applique l’alinéa b) ou d) de la définition de retrait exclu au paragraphe (1) et les montants que le particulier a versés au cours des 60 premiers jours de l’année et qu’il est raisonnable de considérer comme étant soit déduits dans le calcul de son revenu pour l’année d’imposition précédente, soit indiqués en application du présent paragraphe pour cette même année) versés par le particulier au cours de l’année ou des 60 jours suivant la fin de cette année dans le cadre d’un régime d’épargne-retraite qui, à la fin de l’année ou de l’année d’imposition suivante, est un régime enregistré d’épargne-retraite dont il est le rentier; b) l’excédent éventuel du total des montants admissibles reçus par le particulier avant la fin de l’année sur le total des montants suivants : (i) les montants que le particulier a indiqués en application du présent paragraphe pour les années d’imposition antérieures, (ii) les montants compris dans le calcul du revenu du particulier selon les paragraphes (4) ou (5) pour les années d’imposition antérieures. Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Home Buyers' Plan
[(A - B - C) / (15 - D)] - E where A is (a) where B is E is --- Impôt sur le revenu
Régime d’accession à la propriété
Non-remboursement
Sous réserve du paragraphe (4.1), est inclus dans le calcul du revenu d’un particulier pour une année d’imposition donnée comprise dans sa période de participation le montant obtenu par la formule suivante : (A - B - C)/(15 - D) - E où : A représente : a) zéro, si, selon le cas : (i) le particulier est décédé ou a cessé de résider au Canada au cours de l’année donnée, (ii) la date de clôture relative à un montant admissible reçu par le particulier tombe dans l’année donnée, b) le total des montants admissibles que le particulier a reçus au cours des années d’imposition antérieures comprises dans la période, dans les autres cas; B : a) zéro, si la date de clôture relative à un montant admissible reçu par le particulier tombe dans l’année d’imposition précédente, b) le total des montants dont chacun est indiqué par le particulier en application du paragraphe (3) pour une année d’imposition antérieure comprise dans la période; C : le total des montants dont chacun est inclus en application du présent paragraphe ou du paragraphe (5) dans le calcul du revenu du particulier pour une année d’imposition antérieure comprise dans la période; D représente le moins élevé de 14 et du nombre d’années d’imposition du particulier ayant pris fin au cours de la période qui commence à la date suivante et se termine au début de l’année donnée : a) le 1er janvier 1995, si la date de clôture relative à un montant admissible reçu par le particulier est antérieure à 1995, b) le 1er janvier de la première année civile commençant après la date de clôture relative à un montant admissible reçu par le particulier, dans les autres cas; E : a) le total des montants dont chacun est indiqué par le particulier en application du paragraphe (3) pour l’année donnée ou pour une année d’imposition antérieure comprise dans la période, si la date de clôture relative à un montant admissible reçu par le particulier tombe dans l’année d’imposition précédente. Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Home Buyers’ Plan
(d) paragraph (a) of the description of E in subsection (4) is to be read as follows: Temporary repayment relief — conditions Impôt sur le revenu
Régime d’accession à la propriété
reçu par le particulier fait partie de l’année d’imposition précédente, b) le montant que le particulier a indiqué en application du paragraphe (3) pour l’année donnée, dans les autres cas. Allégement temporaire des remboursements — application (4.1) Si la date de clôture relative à un montant admissible reçu par un particulier est postérieure à 2022 et antérieure à 2027 : a) les sous-alinéas a)(i) et (ii) de l’élément A de la formule figurant au paragraphe (4) sont réputés avoir le libellé suivant : « (i) le particulier est décédé ou a cessé de résider au Canada au cours de l’année donnée, (ii) la date de clôture relative à un montant admissible reçu par le particulier tombe dans l’année donnée, (iii) le paragraphe (4.2) s’applique à l’année donnée et à un montant admissible reçu par le particulier »; b) l’alinéa a) de l’élément B de la formule figurant au paragraphe (4) est réputé avoir le libellé suivant : « a) zéro, si le montant calculé pour l’élément A, après l’application de l’alinéa (4.1)a), était zéro au cours de l’année d’imposition précédente »; c) la mention de « première année civile » à l’alinéa b) de l’élément D de la formule figurant au paragraphe (4) vaut mention de « quatrième année civile »; d) l’alinéa a) de l’élément E de la formule figurant au paragraphe (4) est réputé avoir le libellé suivant : « a) le total des montants dont chacun est indiqué par le particulier en application du paragraphe (3) pour l’année donnée ou pour une année d’imposition antérieure comprise dans la période, si l’année d’imposition précédente est l’année qui comprend la date de clôture ou l’une des trois années d’imposition suivant l’année qui comprend la date de clôture ». Allégement temporaire des remboursements — conditions (4.2) Le présent paragraphe s’applique à une année d’imposition et à un montant admissible reçu par un particulier si les conditions suivantes sont remplies : a) l’année est 2024 et la date de clôture relative au montant était en 2023; Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Home Buyer’s Plan
Death of individual exceeds Exception Impôt sur le revenu
Régime d’accession à la propriété
b) l’année est 2025 et la date de clôture relative au montant était en 2023 ou 2024; c) l’année est 2026 et la date de clôture relative au montant était en 2023, 2024 ou 2025; d) l’année est 2027 et la date de clôture relative au montant était en 2024, 2025 ou 2026; e) l’année est 2028 et la date de clôture relative au montant était en 2025 ou 2026; f) l’année est 2029 et la date de clôture relative au montant était en 2026. Cessation de résidence
Le particulier qui cesse de résider au Canada à un moment donné d’une année d’imposition doit inclure dans le calcul de son revenu pour la période de l’année où il résidait au Canada l’excédent éventuel du total des montants admissibles qu’il a reçus au cours de l’année et des années d’imposition antérieures sur le total des montants suivants : a) les montants qu’il a indiqués en application du paragraphe (3) relativement à des montants payés au plus tard 60 jours après le moment donné et avant qu’il ne produise une déclaration de revenu pour l’année; b) les montants inclus en application du paragraphe (4) ou du présent paragraphe dans le calcul de son revenu pour les années d’imposition antérieures. Décès
Est inclus dans le calcul du revenu d’un particulier pour l’année d’imposition de son décès l’excédent éventuel du montant visé à l’alinéa a) sur le montant visé à l’alinéa b) : a) son solde RAP immédiatement avant son décès; b) le montant qu’il a indiqué pour l’année en application du paragraphe (3). Exception
Dans le cas où l’époux ou conjoint de fait d’un particulier résidait au Canada immédiatement avant le décès de ce dernier au cours d’une année d’imposition, les règles suivantes s’appliquent s’il en fait le choix conjointement avec le représentant légal du particulier dans Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Home Buyers' Plan Sections 146.01-146.02
[Repealed, 2013, c. 34, s. 297]
to (13) [Repealed, 1995, c. 3, s. 44(13)] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1994, c. 7, Sch. VIII, s. 83, c. 8, s. 16, c. 21, s. 5; 1995, c. 3, s. 44(6), (13); 1999, c. 22, s. 60; 2002, c. 9, s. 52; 2011, c. 24, s. 46; 2013, c. 34, s. 297; 2019, c. 29, s. 27; 2023, c. 26, s. 348; 2024, c. 15, s. 43; 2025, c. 7, s. 49. Lifelong Learning Plan Definitions Impôt sur le revenu
Régime d'accession à la propriété
a) le paragraphe (6) ne s’applique pas au particulier, b) l’époux ou conjoint de fait est réputé avoir reçu au moment du décès un montant admissible donné égal au montant qui serait calculé à l’égard du particulier en application du paragraphe (6) en l’absence du présent paragraphe; c) pour l’application du paragraphe (4) et de l’alinéa d), la date de clôture relative au montant donné est réputée correspondre à la date suivante : (i) si l’époux ou conjoint de fait a reçu un montant admissible avant le décès (sauf un tel montant reçu au cours d’une de ses périodes de participation terminées avant le début de l’année), la date de clôture relative à ce montant, (ii) dans les autres cas, la date de clôture relative au dernier montant admissible reçu par le particulier; d) pour l’application du paragraphe (4), la date de clôture relative à chaque montant admissible reçu par l’époux ou conjoint de fait après le décès et avant la fin de sa période de participation qui comprend le moment du décès est réputée être la date de clôture relative au montant donné.
[Abrogé, 2013, ch. 34, art. 297]
à (13) [Abrogés, 1995, ch. 3, art. 44(13)] [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1994, ch. 7, ann. VIII, art. 83, ch. 8, art. 16, ch. 21, art. 5; 1995, ch. 3, art. 44(6), (13); 1999, ch. 22, art. 60; 2002, ch. 9, art. 52; 2011, ch. 24, art. 46; 2013, ch. 34, art. 297; 2019, ch. 29, art. 27; 2023, ch. 26, art. 348; 2024, ch. 15, art. 43; 2025, ch. 7, art. 49. Régime d’éducation permanente Définitions
étudiant à temps plein Quant à une année d’imposition, s’entend notamment du particulier auquel le paragraphe 118.6(3) s’applique aux fins du calcul de l’impôt payable en vertu de la présente partie pour l’année ou pour l’année d’imposition suivante. (full-time student) montant admissible Montant qu’un particulier reçoit ou est réputé recevoir d’une année civile à titre de prestation dans le cadre d’un régime enregistré d’épargne-retraite, si les conditions suivantes sont réunies : Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Lifelong Learning Plan
(ii) the time of the individual’s death; Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Lifelong Learning Plan
Impôt sur le revenu
Régime d’éducation permanente
de l’année suivante, relativement au programme sont remboursables; i) dans le cas où le particulier a reçu un montant admissible avant l’année, le moment donné : (i) d’une part, ne fait pas partie de la période de remboursement qui comprend la période de participation qui le comprend, (ii) d’autre part, n’est pas postérieur à janvier (ou tout mois postérieur autorisé par le ministre) de la cinquième année civile de cette période de participation. (eligible amount) période de participation Quant à un particulier, chaque période commençant au début d’une année civile au cours de laquelle il reçoit un montant admissible et au début de laquelle son solde REP net est nul se termine immédiatement au début de la première année civile suivante au début de laquelle son solde REP est nul. (participation period) période de remboursement Quant à un particulier pour une période de participation relativement à une période de remboursement qui comprend la période de participation et qui : a) commence : (i) au début de la troisième année civile de la période de participation dans le cas où, pour chacune des deuxième et troisième années civiles de cette période, les énoncés ci-après se vérifient : (A) pour les années civiles antérieures à 2017, la personne n’aurait pas le droit de déduire un montant en application du paragraphe 118.6(2) (dans sa version applicable pour l’année) pour au moins trois mois de l’année en l’absence de l’alinéa b) de l’élément B de la formule figurant à ce paragraphe, (B) pour les années civiles postérieures à 2016, la personne ne serait pas un étudiant admissible, au sens du paragraphe 118.6(1), pour au moins trois mois de l’année en l’absence du sous-alinéa a)(ii) de cette définition, (ii) au début de la quatrième année civile de la période de participation dans le cas où, pour chacune des troisième et quatrième années civiles de cette période, les énoncés ci-après se vérifient : (A) pour les années civiles antérieures à 2017, la personne n’aurait pas le droit de déduire un participation period of an individual means each period montant en application du paragraphe 118.6(2) (dans sa version applicable pour l’année) pour au moins trois mois de l’année en l’absence de l’alinéa b) de l’élément B de la formule figurant à ce paragraphe, (B) pour les années civiles postérieures à 2016, la personne ne serait pas un étudiant admissible, au sens du paragraphe 118.6(1), pour au moins trois mois de l’année en l’absence du sous-alinéa a)(ii) de cette définition, (iv) au début de la sixième année civile de la période de participation, dans les autres cas; b) se termine à la fin de la période de participation. (repayment period) prestation S’entend au sens du paragraphe 146(1). (benefit) prime S’entend au sens du paragraphe 146(1). (premium) prime exclue Prime d’un particulier qui, selon le cas : a) a été indiquée par le particulier dans sa déclaration de revenu pour l’application des alinéas 60(j), j.01) ou j.1) ou dans un formulaire prescrit pour l’application du paragraphe 146.01(3); b) représente un remboursement auquel s’applique l’alinéa b) ou d) de la définition de retrait exclu au paragraphe 146.01(1); c) est un montant transféré directement d’un CE- LIAPP, d’un régime enregistré d’épargne-retraite, d’un (programme de formation admissible) régime de pension agréé, d’un fonds enregistré de revenu de retraite ou d’un régime de participation différée aux bénéfices; d) était déductible en application du paragraphe 146.6(1) dans le calcul du revenu du particulier pour une année d’imposition. (excluded premium) programme de formation admissible Programme d’un établissement de renseignement agréé, au sens du paragraphe 118.6(1), d’une durée minimale de trois mois consécutifs, aux cours ou aux travaux duquel l’étudiant doit consacrer au moins dix heures par semaine et qui est : a) s’agissant d’un programme d’un établissement visé au sous-alinéa a)(ii) de la définition de établissement d’enseignement agréé au paragraphe 118.6(1), un programme de formation technique ou professionnelle visant à donner ou à améliorer la compétence d’une personne dans une activité professionnelle; b) s’agissant d’un programme d’un autre établissement, est de niveau postsecondaire. (qualifying educational program) renter S’entend au sens du paragraphe 146(1). (annuitant) retrait exclu Retrait d’un particulier qui constitue : a) soit un montant admissible qu’il a reçu; b) soit un montant donné, sauf un montant admissible, qu’il a reçu au cours d’une année civile pendant qu’il résidait au Canada, si les conditions suivantes sont réunies : (i) le montant donné serait un montant admissible pour lui en l’absence des alinéas g) et h) de la définition de montant admissible, (ii) il effectue un paiement, sauf une prime exclue, égal au montant donné dans un régime d’épargne-retraite agréé, à la fin de l’année d’imposition du paiement, et un régime enregistré d’épargne-retraite dont il est le rentier, (iii) le paiement est effectué avant le moment donné suivant : (A) si le particulier ne résidait pas au Canada au moment où il a produit une déclaration de revenu pour l’année d’imposition de la réception du montant donné, le premier en date des moments suivants : (I) la fin de l’année civile suivante, (période de remboursement) (d) the Minister so permits. (II) le moment de la production de la déclaration, (B) dans les autres cas, la fin de l’année civile suivante, (iii) le paiement (et aucun autre) est indiqué en application du présent sous-alinéa à titre de remboursement de montant désigné dans un formulaire prescrit présenté au ministre au moment visé au sous-alinéa (ii) ou antérieurement (ou avant tout moment postérieur que celui-ci estime acceptable). (excluded withdrawal) solde REP Quant à un particulier à un moment donné, l’excédent éventuel du total des montants admissibles qu’il a reçus à ce moment ou antérieurement sur le total des montants suivants : a) les montants qu’il a indiqués en application du paragraphe (3) pour les années d’imposition s’étant terminées avant ce moment; b) les montants dont chacun est inclus en application des paragraphes (4) ou (5) dans le calcul de son revenu pour une année d’imposition s’étant terminée avant ce moment. (LLP balance) Règle d’application
Pour l’application de la définition de montant admissible au paragraphe (1), une personne est réputée être la seule personne désignée relativement à un montant pour l’application de l’alinéa b) de cette définition dans les cas où, à la fois : a) un particulier a reçu le montant; b) le particulier présente au ministre un formulaire prescrit dans lequel le nom de la personne est indiqué relativement à la réception du montant; c) le montant serait un montant admissible pour le particulier si, à la fois : (i) il n’était pas tenu compte des alinéas b) et e) de cette définition, (ii) les mentions de « personne désignée » après l’alinéa d) de cette définition étaient remplacées par « particulier » ou « époux ou conjoint de fait du particulier », avec les adaptations grammaticales nécessaires; d) le ministre le permet. Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Lifelong Learning Plan
Repayment of eligible amount [(A - B - C)/(10 - D)] - E where A is (a) nil, if B is Impôt sur le revenu
Régime d’éducation permanente
Remboursement du montant admissible
Le particulier peut indiquer, pour une année d’imposition, dans un formulaire prescrit joint à sa déclaration de revenu pour l’année un montant unique ne dépassant pas le moins élevé des montants suivants : a) le total des montants (sauf les primes exclues, les remboursements auxquels s’applique l’alinéa b) de la définition de retrait exclu au paragraphe (1) et les montants que le particulier a versés au cours des 60 premiers jours de l’année et qu’il est raisonnable de considérer comme s’étant déduits dans le calcul de ses revenus pour l’année d’imposition précédente, soit indiqués en application du présent paragraphe pour cette même année) versés par le particulier au cours de l’année ou des 60 jours suivant la fin de cette année dans le cadre d’un régime enregistré d’épargne-retraite qui, à la fin de l’année ou de l’année d’imposition suivante, est un régime enregistré d’épargne-retraite dont il est le rentier; b) le solde REP du particulier à la fin de l’année. Non-remboursement
Est inclus dans le calcul du revenu d’un particulier pour une année d’imposition donnée qui commence après 2000 le montant obtenu par la formule suivante : [(A - B - C)/(10 - D)] - E où : A représente : a) zéro, si, selon le cas : (i) le particulier est ou a cessé de résider au Canada au cours de l’année donnée, (ii) le début de l’année donnée ne fait pas partie d’une période de remboursement du particulier, b) le total des montants admissibles que le particulier a reçus au cours des années d’imposition antérieures (sauf les années d’imposition qui font partie de périodes de participation du particulier s’étant terminées avant l’année donnée); B : a) zéro, si l’année donnée est la première année d’imposition d’une période de remboursement du particulier, b) le total des montants que le particulier a indiqués en application du paragraphe (3) pour les années d’imposition antérieures (sauf les années d’imposition qui font partie de périodes de E is Death of individual exceeds Exception Décès
Est inclus dans le calcul du revenu d’un particulier pour l’année d’imposition de son décès l’excédent éventuel de son solde REP immédiatement avant son décès sur le montant qu’il a indiqué en application du paragraphe (3) pour l’année. Exception
Dans le cas où l’époux ou conjoint de fait d’un particulier résidait au Canada immédiatement avant le décès de ce dernier au cours d’une année d’imposition, les règles suivantes s’appliquent s’il en fait le choix conjointement avec le représentant légal du particulier dans un document joint à la déclaration de revenu du particulier pour l’année : a) le paragraphe (6) ne s’applique pas au particulier; b) l’époux ou conjoint de fait est réputé avoir reçu au moment du décès un montant admissible donné égal au montant qui serait calculé à l’égard du particulier en application du paragraphe (6) en l’absence du présent paragraphe; c) sous réserve de l’alinéa d) et pour l’application du présent article après le moment du décès, l’époux ou conjoint de fait est réputé être la personne désignée en application de l’alinéa b) de la définition de montant admissible au paragraphe (1) relativement au montant donné; d) si l’époux ou conjoint de fait a reçu un montant admissible avant le moment du décès au cours de sa période de participation comprenant ce moment, mais que le particulier qui est désigné en application de l’alinéa b) de la définition de montant admissible relativement à ce montant n’est pas l’époux ou conjoint de fait, le particulier est réputé, pour l’application du présent article après le moment du décès, être la personne désignée en application de cet alinéa relativement à ce montant. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois d’amendement et règlements appropriés.] Registered Education Savings Plans Definitions
(b) a program established under the laws of a province to encourage the financing of children’s post-secondary education through savings in registered education savings plans; (programme provincial désigné) Régimes enregistrés d’épargne-études Définitions
bénéficiaire À l’égard d’un régime d’épargne-études, personne désignée par un souscripteur à laquelle ou au nom de laquelle il est convenu qu’un paiement d’aide aux études soit accordé en vertu du régime, si elle y est admissible. (beneficiary) cotisation N’est pas une cotisation à un régime d’épargne-études la somme versée dans le régime en vertu ou par l’effet, selon le cas : a) de la Loi canadienne sur l’épargne-études ou d’un programme provincial désigné; b) de tout autre programme dont l’objet est semblable à celui d’un programme provincial désigné et qui est financé, directement ou indirectement, par une province, sauf si la somme en cause est versée dans le régime par un responsable public en sa qualité de souscripteur du régime. (contribution) établissement d’enseignement postsecondaire : a) Établissement d’enseignement au Canada visé à l’alinéa a) de la définition de établissement d’enseignement agréé au paragraphe 118.6(1); b) établissement d’enseignement à l’étranger offrant des cours de niveau postsecondaire qui, selon le cas : (i) est une université, un collège ou un autre établissement d’enseignement auquel un bénéficiaire était inscrit à temps plein à un cours d’une durée d’au moins treize semaines consécutives, (ii) est une université où un bénéficiaire était inscrit à temps plein à un cours d’une durée d’au moins trois semaines consécutives. (post-secondary educational institution) fiducie Sauf dans le cadre de la présente définition et de la définition de régime d’épargne-études, personne qui détient irrévocablement des biens dans le cadre d’un régime d’épargne-études à des fins exclusives des suivantes : a) le versement de paiements d’aide aux études; b) le versement, à compter de 1998 de paiements de revenu accumulé; (iii) a public primary caregiver of a beneficiary, and pre-1972 income [Repealed, 1998, c. 19, s. 38(1)] c) le remboursement de paiements;
c.1) le remboursement de sommes (et le versement de sommes liées à ce remboursement) en vertu de la Loi canadienne sur l'épargne-études ou d'un programme provincial désigné; d) le paiement fait à des établissements d'enseignement agréés au Canada et visés au sous-alinéa a)(ii) de la définition de ce terme, au paragraphe 118.6(1), ou à une fiducie en faveur de tels établissements; e) le paiement fait à une fiducie qui détient irrévocablement des biens en conformité avec un régime enregistré d'épargne-études à l'une des fins visées aux alinéas a) à d). (trust) niveau postsecondaire Se dit notamment d'un programme de formation technique ou professionnelle d'un établissement visé au sous-alinéa a)(ii) de la définition de établissement d'enseignement agréé au paragraphe 118.6(1) qui vise à donner ou à augmenter la compétence nécessaire à l'exercice d'une activité professionnelle. (post-secondary school level) paiement d'aide aux études Tout montant, à l'exception d'un paiement de revenu accumulé, payé sur un régime d'épargne-études au bénéficiaire, ou pour son compte, afin de l'aider à poursuivre ses études au niveau postsecondaire. (educational assistance payment) paiement de revenu accumulé Montant payé sur un régime d'épargne-études, à l'exception d'un paiement visé à l'un des alinéas a) et c) à e) de la définition de fiducie, dans la mesure où il dépasse juste valeur marchande de toute contrepartie donnée au régime pour le paiement de ce montant. (accumulated income payment) placement admissible Dans le cas d'une fiducie régie par un régime d'épargne-études : a) placement qui serait visé à l'un des alinéas a) à d), f) et g) de la définition de placement admissible à l'article 204 si la mention « fiducie régie par un régime de participation différée aux bénéfices ou un régime dont l'agrément est retiré » à cette définition était remplacée par « fiducie régie par un régime enregistré d'épargne-études » et s'il n'était pas tenu compte du passage « sauf s'il s'agit de biens exclus relativement à la fiducie » à cette même définition; b) [Abrogé, 2007, ch. 29, art. 18] Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Education Savings Plans
(b) [Repealed, 2007, c. 29, s. 18] (e) a prescribed investment; (placement admissible) c) contrat relatif à une rente établi par un fournisseur de rentes autorisé, si les conditions suivantes sont réunies : (i) la fiducie est la seule personne qui, s’il est fait abstraction d’un transfert subséquent du contrat par la fiducie, a droit ou peut avoir droit à des paiements de rente dans le cadre du contrat, (ii) le titulaire du contrat a le droit d’exiger le rachat de celui-ci à tout moment pour un montant qui, s’il n’était pas tenu compte de frais de vente et d’administration raisonnables, correspondrait de près à la valeur des fonds qui pourraient servir aux paiements périodiques futurs dans le cadre du contrat; d) placement acquis par la fiducie avant le 28 octobre 1998; e) placement visé par règlement. (qualified investment) plafond annuel de REEE [Abrogé, 2007, ch. 29, art. 18] programme de formation admissible Programme de niveau postsecondaire d’une durée minimale de trois semaines consécutives, aux cours ou aux travaux duquel l’étudiant doit consacrer au moins dix heures par semaine. (qualifying educational program) programme de formation déterminé Programme de niveau postsecondaire d’une durée minimale de trois semaines consécutives, qui prévoit des cours auxquels l’étudiant doit consacrer au moins douze heures par mois. (specified educational program) programme provincial désigné a) Tout programme administré au titre d’un accord conclu en vertu de l’article 12 de la Loi canadienne sur l’épargne-études; b) tout programme établi en vertu des lois d’une province pour encourager le financement des études postsecondaires des enfants par la constitution d’une épargne dans les régimes enregistrés d’épargne-études. (designated provincial program) promoteur Est le promoteur d’un arrangement la personne appelée « promoteur » à la définition de régime d’épargne-études. (promoter) régime d’épargne-études Arrangement conclu entre, d’une part, un particulier (sauf une fiducie), un tel particulier et son époux ou conjoint de fait, ou un particulier qui est légalement le père ou la mère d’un bénéficiaire et Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Education Savings Plans
RESP annual limit [Repealed, 2007, c. 29, s. 18] specified plan means an education savings plan son ancien époux ou conjoint de fait qui est aussi légalement le père ou la mère d’un bénéficiaire ou le responsable public d’un bénéficiaire et, d’autre part, une personne (appelée « promoteur » à la présente définition) aux termes de laquelle le promoteur convient de verser ou de faire verser des paiements d’aide aux études à un ou plusieurs bénéficiaires, pour leur compte. (education savings plan) régime déterminé Régime d’épargne-études qui répond aux conditions suivantes : a) le régime ne peut, à aucun moment, compter plus d’un bénéficiaire; b) le bénéficiaire du régime est un particulier à l’égard duquel les alinéas 118.3(1)a) à b) s’appliquent pour son année d’imposition se terminant dans la trente et unième année suivant l’année de la conclusion du régime; c) le régime prévoit qu’aucun autre particulier ne peut être désigné à titre de bénéficiaire du régime après la fin de la trente-cinquième année suivant l’année de la conclusion du régime. (specified plan) régime enregistré d’épargne-études ou REÉÉ Régime d’épargne-études qui est enregistré pour l’application de la présente loi ou régime enregistré d’épargne-études avec ses modifications successives. Toutefois, sauf pour l’application des paragraphes (7) et (7.1) et de la partie X.4, un régime cesse d’être un régime enregistré d’épargne-études le lendemain du jour à compter duquel son enregistrement est révoqué aux termes du paragraphe (13). (registered education savings plan or RESP) remboursement de paiements Est un remboursement de paiements effectué à un moment donné dans le cadre d’un régime enregistré d’épargne-études donné : a) le remboursement est à ce moment d’une cotisation versée antérieurement qui, à la fois : (i) a été effectuée au moyen d’un transfert d’un autre régime enregistré d’épargne-études, (ii) a été versée au régime donné par son souscripteur, ou pour son compte; b) le remboursement est ce moment d’un montant versé à un moment antérieur au moyen d’un transfert d’un autre régime enregistré d’épargne-études, qui aurait constitué un remboursement de paiements dans le cadre de l’autre régime s’il avait été versé directement au souscripteur de l’autre régime. (refund of payments) Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Education Savings Plans
tax-paid income [Repealed, 1998, c. 19, s. 38(1)] (d) the payment to, or to a trust in favour of, designated educational institutions in Canada referred to in subparagraph (a)(i) of the definition of that expression in subsection 118.6(1), or Impôt sur le revenu
Régimes enregistrés d’épargne-études
a) chaque particulier, ou le responsable public, qui souscrit au régime auprès du promoteur; a.1) tout autre particulier ou responsable public qui, avant ce moment, a acquis les droits d’un responsable public à titre de souscripteur au régime en vertu d’un accord écrit; b) le particulier qui, avant ce moment, a acquis les droits d’un souscripteur dans le cadre du régime conformément à une ordonnance ou un jugement rendu par un tribunal compétent, ou à un accord écrit, visant à partager des biens entre le particulier et un souscripteur du régime en règlement de droits découlant de leur mariage ou union de fait ou de son échec; c) après le décès d’un particulier visé à l’un des alinéas a) à b), toute autre personne (y compris la succession du particulier décédé) qui acquiert les droits du particulier à titre de souscripteur du régime ou qui verse des cotisations au régime pour le compte d’un bénéficiaire. N’est pas un souscripteur le particulier ou le responsable public dont les droits à titre de souscripteur du régime avaient été acquis, avant le moment donné, par un particulier ou un responsable public dans les circonstances visées aux alinéas a.1) ou b). (souscripteur) Election Choix (1.1) Le souscripteur d’un REEE dans le cadre duquel il est permis d’effectuer des paiements de revenu accumulé et le titulaire d’un REEI peuvent faire un choix conjoint, sur le formulaire prescrit, afin que le paragraphe (1.2) s’applique relativement à un bénéficiaire du REEE, au moment où le choix est fait, celui-ci est également bénéficiaire du REEI et, selon le cas : a) le bénéficiaire a une déficience mentale grave et prolongée qui l’empêche, ou pourrait vraisemblablement l’empêcher, de s’inscrire à un programme de formation admissible dans un établissement d’enseignement postsecondaire; b) le REEE remplit les conditions énoncées aux divisions (2)(d.1)(iii)(A) ou (B) relatives au versement de paiements de revenu accumulé. Effet du choix (1.2) Si le choix concernant le choix est présenté au ministre par le promoteur du REEE sans délai après que le choix a été fait, par dérogation à l’alinéa (2)(d.1) et toute condition du REEE requise par l’alinéa (2)(d.1) et toute condition du REEE requise par l’alinéa (2)(d.1) et toute condition du REEE requise par l’alinéa (2)(d.1), le revenu accumulé du REEE peut être versé au REEI malgré l’alinéa (2)(d.1) et toute condition du REEE en découlant. Conditions d’enregistrement
Le ministre n’accepte le régime d’épargne-études d’un promoteur aux fins d’enregistrement pour l’application de la présente loi que s’il est d’avis que les conditions suivantes sont remplies : a) le régime prévoit que les biens d’une fiducie régie par le régime (après paiement des frais de fiduciaire et d’administration) sont détenus irrévocablement à l’une des fins énoncées à la définition de fiducie au paragraphe (1) par une société titulaire d’une licence ou par ailleurs autorisée par la législation fédérale ou provinciale à exploiter au Canada une entreprise d’offre au public de ses services de fiduciaire; b) au moment où le promoteur fait une demande d’enregistrement du régime, avaient été souscrits auprès du promoteur au moins 150 régimes qui répondaient chacun, au moment de leur souscription, aux autres conditions énoncées au présent paragraphe en ce état à ce moment; b.1) la demande d’enregistrement du régime est présentée par le promoteur sur le formulaire prescrit contenant les renseignements prescrits; c) le promoteur et les fiducies régies par le régime résident au Canada; Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Education Savings Plans
(iii) any of (i) either --- Impôt sur le revenu
Régimes enregistrés d’épargne-études
d) aucun paiement, sauf un remboursement de paiements, ne peut être effectué dans le cadre du régime avant 1998 à un souscripteur qui n’est pas aussi le bénéficiaire du régime;
d.1) sous réserve du paragraphe (2.2), s’il est permis d’effectuer des paiements de revenu accumulé dans le cadre du régime, le régime prévoit qu’un tel paiement ne peut être effectué que si, à la fois : (i) il est effectué à un souscripteur du régime qui réside au Canada au moment du versement, ou pour le compte d’un tel souscripteur, (ii) il n’est pas effectué conjointement à plus d’un souscripteur ou pour leur compte, (iii) selon le cas : (A) il est effectué après la neuvième année qui suit celle de la conclusion du régime et que chaque particulier (sauf un particulier décédé) qui est ou était bénéficiaire du régime a atteint l’âge de 21 ans avant le versement et n’a pas droit, au moment du versement, à un paiement d’aide aux études dans le cadre du régime, (B) il est effectué au cours de l’année dans laquelle il doit être mis fin au régime conformément à l’alinéa i), (C) chaque particulier qui était bénéficiaire du régime est décédé au moment du versement; e) le régime correspond essentiellement au régime décrit dans un prospectus produit par le promoteur auprès d’une commission de valeurs mobilières au Canada ou à un organisme remplissant une fonction semblable dans une province, ou annexé à un tel prospectus; f) dans le cas où il est mis fin à une fiducie régie par le régime, les biens que la fiducie détient doivent servir à l’une des fins visées à la définition de fiducie au paragraphe (1); g) il n’est permis de verser des paiements d’aide aux études dans le cadre du régime avant 1997 qu’au particulier qui, au moment du versement, fréquente un établissement d’enseignement postsecondaire comme étudiant à temps plein et est inscrit à un programme de formation admissible; g.1) il n’est permis de verser un paiement d’aide aux études dans le cadre du régime après 1996 qu’au particulier qui répond aux conditions suivantes : (i) soit (ii) either (i) au moment du versement, il est : (A) soit inscrit à un programme de formation admissible comme étudiant dans un établissement d’enseignement postsecondaire, (B) soit âgé d’au moins 16 ans et inscrit à un programme de formation déterminé comme étudiant dans un établissement d’enseignement postsecondaire, (ii) l’un ou l’autre des faits suivants se vérifie : (A) il remplit la condition énoncée à la division (i)(A) au moment du versement et, selon le cas : (I) il a rempli cette condition pendant au moins treize semaines consécutives comprises dans la période de douze mois se terminant à ce moment, (II) le total du paiement et des autres paiements d’aide aux études versés au particulier, ou pour son compte, dans le cadre d’un régime enregistré d’épargne-études du promoteur au cours de la période de douze mois se terminant à ce moment ne dépasse pas 8 000 $ ou toute somme supérieure que le ministre désigné pour l’application de la Loi canadienne sur l’épargne-études approuve par écrit relativement au particulier, (B) il remplit la condition énoncée à la division (i)(B) au moment du versement et le total du paiement et des autres paiements d’aide aux études versés au particulier, ou pour son compte, dans le cadre d’un régime enregistré d’épargne-études du promoteur au cours de la période de treize semaines se terminant à ce moment ne dépasse pas 4 000 $ ou toute somme supérieure que le ministre désigné pour l’application de la Loi canadienne sur l’épargne-études approuve par écrit relativement au particulier; g.2) les seules cotisations pouvant être versées au régime sont celles qui sont versées par un souscripteur du régime, ou pour son compte, à l’égard d’un bénéficiaire du régime ou celles qui sont effectuées au moyen d’un transfert d’un autre régime enregistré d’épargne-études; g.3) le régime prévoit qu’un particulier ne peut être désigné à titre de bénéficiaire du régime, et qu’une cotisation ne peut y être versée relativement à un particulier bénéficiaire du régime, que si : (i) dans le cas d’une désignation, le numéro d’assurance sociale du particulier est communiqué au promoteur avant que la désignation ne soit faite et soit (i) s’agissant d’une désignation, le numéro d’assurance sociale du particulier est fourni au promoteur avant la désignation et, selon le cas : (A) le particulier réside au Canada au moment de la désignation, (B) la désignation est effectuée de concert avec un transfert de biens au régime à partir d’un autre régime enregistré d’épargne-études dont le particulier était bénéficiaire immédiatement avant le transfert, (ii) s’agissant d’une cotisation, l’un des faits ci-après se vérifie : (A) le numéro d’assurance sociale du particulier est fourni au promoteur avant le versement de la cotisation et le particulier réside au Canada au moment du versement, (B) la cotisation est effectuée au moyen d’un transfert d’un autre régime enregistré d’épargne-études dont le particulier était bénéficiaire immédiatement avant le transfert; (h) le régime prévoit qu’aucune cotisation (sauf celle qui est effectuée au moyen d’un transfert d’un autre régime enregistré d’épargne-études) ne peut y être versée après l’année suivante : (i) s’agissant d’un régime déterminé, la trente-cinquième année suivant l’année de la conclusion du régime, (ii) dans les autres cas, la trente et unième année suivant l’année de la conclusion du régime; (i) le régime prévoit qu’il doit être mis fin au régime au plus tard le dernier jour de l’année suivante : (i) s’agissant d’un régime déterminé, la quarantième année suivant l’année de la conclusion du régime, (ii) dans les autres cas, la trente-cinquième année suivant l’année de la conclusion du régime; (i.1) s’il est permis d’effectuer des paiements de revenu accumulé dans le cadre du régime, le régime prévoit qu’il doit être mis fin au régime avant mars de l’année suivante au cours de laquelle le premier semblable paiement est effectué sur le régime; (i.2) il n’est pas permis de recevoir des biens dans le cadre du régime au moyen d’un transfert direct d’un (k) [Repealed, 2007, c. 29, s. 18] (a) and (b) [Repealed, 2017, c. 33, s. 57] (d) a trustee that holds property in connection with the plan borrows money for the purposes of the plan, except where Timing of payment (c) the trust’s income shall be computed without reference to subsection 104(6). (a) [Repealed, 1998, c. 19, s. 38(13)]
to (10) [Repealed, 1998, c. 19, s. 38(15)]
[Repealed, 2014, c. 39, s. 51] Deemed date of registration Notice of intent to revoke registration (d) a day on which a registered education savings plan is revocable, or Revocation of registration RESP information
A reference « avis de révocation » au présent paragraphe et au paragraphe (13) selon lequel l’enregistrement du régime est révoqué à compter de la date indiquée dans l’avis de révocation, qui ne peut être antérieure à la date indiquée dans l’avis d’intention. Révocation
Lorsque le ministre envoie un avis de révocation de l’enregistrement d’un régime enregistré d’épargne-études au promoteur du régime, l’enregistrement est révoqué à compter de la date indiquée dans l’avis, sauf ordonnance contraire de la Cour d’appel fédérale, ou de l’un de ses juges, rendue sur demande présentée avant qu’il ne soit statué sur tout appel interjeté en application du paragraphe 172(3). Renseignements sur les REEE (13.1) Le fiduciaire d’un régime enregistré d’épargne-études est tenu de présenter au ministre, en la forme et selon les modalités prescrites, des déclarations de renseignements relativement au régime. Ancienne loi
La mention : a) au présent article, à l’alinéa 60x) ou au sous-alinéa 241(4)d)(vii.1), de la Loi canadienne sur l’épargne-études, d’une somme versée en vertu de cette loi, du versement ou du remboursement d’une somme en vertu de cette loi ou d’une condition ou obligation imposée par cette loi vaut également mention de la partie III.1 de la Loi sur le ministère du Développement des ressources humaines, d’une somme versée en vertu de cette partie, du versement ou du remboursement d’une somme en vertu de cette partie ou d’une condition ou obligation imposée par cette partie, dans sa version en vigueur au moment où la mention est pertinente; b) à la division (2)g.1)(ii)(B), d’un montant que le ministre chargé de l’application de la Loi canadienne sur l’épargne-études approuve par écrit relativement au particulier vaut également mention d’un montant que le ministre du Développement des ressources humaines ou le ministre d’État portant le titre de ministre des Ressources humaines et du Développement des compétences a approuvé par écrit relativement au particulier avant le jour où un ministre est chargé de l’application de cette loi. Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Education Savings Plans Sections 146.1-146.2 [NOTE: Application provisions are not included in the consolidated text: see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 146.1; 1994, c. 7, Sch. II, s. 118; 1997, c. 25, s. 42; 1998, c. 19, s. 38; c. 21, s. 74; 1999, c. 22, s. 52; 2000, c. 12, s. 18; 146.2; 2001, c. 17, s. 116; 2002, c. 8, s. 27; 2006, c. 4, s. 139; c. 9, s. 10; 2007, c. 29, s. 18; c. 35, s. 55; 2008, c. 28, s. 233; 2010, c. 25, s. 126; 2011, c. 24, s. 38; 2012, c. 31, s. 33; 2013, c. 34, s. 298; 2014, c. 39, s. 51; 2017, c. 33, s. 57; 2023, c. 26, s. 39. Tax-free Savings Accounts Definitions Règlements
Le gouverneur en conseil peut, par règlement, exiger des promoteurs de régimes d’épargne-études qu’ils produisent des déclarations de renseignements relativement à ces régimes. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 146.1; 1994, ch. 7, ann. II, art. 118; 1997, ch. 25, art. 42; 1998, ch. 19, art. 38; ch. 21, art. 74; 1999, ch. 22, art. 52; 2000, ch. 12, art. 18; 2001, ch. 17, art. 116; 2002, ch. 8, art. 27; 2006, ch. 4, art. 139; ch. 9, art. 10; 2007, ch. 29, art. 18; ch. 35, art. 55; 2008, ch. 28, art. 233; 2010, ch. 25, art. 126; 2011, ch. 24, art. 38; 2012, ch. 31, art. 33; 2013, ch. 34, art. 298; 2014, ch. 39, art. 51; 2017, ch. 33, art. 57; 2023, ch. 26, art. 39. Comptes d’épargne libre d’impôt Définitions
arrangement admissible Est un arrangement conclu avec un émetteur donné l’arrangement qui répond aux conditions suivantes : a) il est conclu après 2008 entre une personne (appelée « titulaire » à la présente définition) et un particulier (sauf un fiduciaire) âgé d’au moins 18 ans; b) il constitue : (i) un arrangement en fiducie conclu avec un émetteur qui est une société titulaire d’une licence ou par ailleurs autorisée par la législation fédérale ou provinciale à exploiter au Canada une entreprise d’offre au public de services de fiduciaire, (ii) un contrat de rente conclu avec un émetteur qui est un fournisseur de rentes autorisé, (iii) un dépôt auprès de l’un des émetteurs suivants : (A) une personne qui est membre de l’Association canadienne des paiements ou peut le devenir, (B) une caisse de crédit qui est actionnaire ou membre d’une personne morale appelée « centrale » pour l’application de la Loi canadienne sur les paiements; c) il prévoit le versement à l’émetteur, dans le cadre de l’arrangement, de cotisations qui seront soit effectuées en contrepartie d’un versement par l’émetteur, dans ce cadre, de distributions au titulaire, soit utilisées, investies ou autrement appliquées de façon que l’émetteur puisse faire pareil versement au titulaire; (émetteur) d) il s’agit d’un arrangement aux termes duquel l’émetteur, en accord avec le particulier, s’engage, au moment de la conclusion de l’arrangement, à produire auprès du ministre un choix visant à enregistrer l’arrangement à titre de compte d’épargne libre d’impôt; e) l’arrangement est conforme aux conditions énoncées au paragraphe (2) tout au long de la période commençant au moment où il est conclu et se terminant au moment donné. (qualifying arrangement) distribution Tout paiement effectué dans le cadre d’un arrangement dont un particulier est titulaire en règlement de la totalité ou d’une partie des droits du titulaire sur l’arrangement. (distribution) émetteur La personne appelée « émetteur » à la définition de arrangement admissible. (issuer) survivant Est le survivant d’un particulier tout autre particulier qui, immédiatement avant le décès du particulier, était son époux ou conjoint de fait. (survivor) titulaire Est titulaire d’un arrangement : a) jusqu’au décès du particulier ou à la conclusion de l’arrangement avec l’émetteur, ce particulier; b) au moment de ce décès et par la suite, le survivant du particulier s’il acquiert les droits suivants : (i) les droits du particulier à titre de titulaire de l’arrangement, (ii) dans la mesure où il n’est pas compris dans les droits visés au sous-alinéa (i), le droit inconditionnel de révoquer toute désignation de bénéficiaire effectuée, ou tout ordre semblable donné, par le particulier aux termes de l’arrangement ou relativement à un bien détenu dans le cadre de l’arrangement; c) au moment du décès du titulaire visé à l’alinéa b) ou au présent alinéa et par la suite, le survivant du titulaire s’il acquiert les droits suivants : (i) les droits du titulaire à titre de titulaire de l’arrangement, (ii) dans la mesure où il n’est pas compris dans les droits visés au sous-alinéa (i), le droit inconditionnel de révoquer toute désignation de bénéficiaire effectuée, ou tout ordre semblable donné, par le titulaire aux termes de l’arrangement ou relativement à un bien détenu dans le cadre de l’arrangement. (holder) Paragraphs (2)(a), (b) and (e) not applicable Conditions applicables aux arrangements admissibles
Les conditions mentionnées à l’alinéa e) de la définition de arrangement admissible au paragraphe (1) sont les suivantes : a) l’arrangement prévoit qu’il doit être géré au profit exclusif du titulaire (cet état de fait étant déterminé compte non tenu du droit d’une personne de recevoir un paiement dans le cadre de l’arrangement au décès du titulaire ou par la suite); b) tant qu’il compte un titulaire, l’arrangement ne permet pas qu’une personne qui n’est ni le titulaire ni l’émetteur de l’arrangement ait des droits relatifs au montant et au calendrier des distributions et au placement des fonds; c) l’arrangement ne permet pas à une personne autre que le titulaire d’y verser des cotisations; d) l’arrangement permet que des distributions soient effectuées en vue de réduire le montant d’impôt dont le titulaire est redevable ailleurs en vertu des articles 207.02 ou 207.03; e) l’arrangement prévoit que, sur l’ordre du titulaire, l’émetteur doit transférer tout ou partie des biens détenus dans le cadre de l’arrangement (ou une somme égale à leur valeur) à un autre compte d’épargne libre d’impôt du titulaire; f) s’il s’agit d’un arrangement en fiducie, il ne permet pas à la fiducie d’emprunter de l’argent ou d’autres biens pour les besoins de l’arrangement; g) l’arrangement est conforme aux conditions prévues par règlement. Non-application des al. (2)a), b) et e)
Les conditions énoncées aux alinéas (2)a), b) et e) ne s’appliquent pas dans la mesure où elles sont incompatibles avec le paragraphe (4). Intérêt ou droit sur un CELI servant de garantie de prêt
Le titulaire d’un compte d’épargne libre d’impôt peut utiliser son intérêt ou, pour l’application du droit civil, son droit sur le compte à titre de garantie d’un prêt ou d’une autre dette si les conditions suivantes sont réunies : a) les modalités de la dette sont telles qu’elles auraient été acceptées par des personnes n’ayant aucun lien de dépendance; b) il est raisonnable de conclure qu’aucun des objets principaux de cette utilisation ne consiste à permettre Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Tax-Free Savings Accounts
Right of set-off TFSA Impôt sur le revenu
Comptes d’épargne libre d’impôt
à une personne (sauf le titulaire) ou à une société de personnes de profiter de l’exemption d’impôt prévue par la présente partie à l’égard d’une somme relative au compte. Droit de compensation (4.1) Un arrangement admissible qui constitue un dépôt peut conférer à l’émetteur un droit de compensation à l’égard de toute dette que le titulaire doit à l’émetteur ou à une personne liée à l’émetteur à l’encontre des intérêts du titulaire dans l’arrangement si les conditions suivantes sont réunies : a) les modalités de la dette et du droit de compensation sont telles qu’elles auraient été acceptées par des personnes n’ayant entre elles aucun lien de dépendance; b) il est raisonnable de conclure qu’aucun des objets principaux du droit de compensation à l’égard de la dette n’est de permettre à une personne (sauf le titulaire) ou à une société de personnes de profiter de l’exemption d’impôt prévue par la présente partie à l’égard d’une somme relative au CELI. Compte d’épargne libre d’impôt
Si l’émetteur d’un arrangement qui est un arrangement admissible au moment où il est conclu produit auprès du ministre, avant mars de l’année civile suivant celle au cours de laquelle l’arrangement a été conclu, (ou à une date postérieure que le ministre juge acceptable, un choix fait selon le formulaire prescrit et les modalités prescrites visant à enregistrer l’arrangement à titre de compte d’épargne libre d’impôt sous le numéro d’assurance sociale du particulier avec lequel il est conclu, l’arrangement devient un compte d’épargne libre d’impôt au moment où il est conclu et cesse d’en être un au premier en date des moments suivants : a) le moment où le dernier titulaire de l’arrangement décède; b) le moment où l’arrangement cesse d’être un arrangement admissible; c) dès que l’arrangement n’est pas administré conformément aux conditions énoncées au paragraphe (2). Aucun impôt à payer par une fiducie
Aucun impôt n’est à payer en vertu de la présente partie par une fiducie régie par un compte d’épargne libre d’impôt sur son revenu imposable pour une année d’imposition. Toutefois, si, au cours de l’année, la fiducie exploite une ou plusieurs entreprises ou détient un ou plusieurs biens qui sont, pour elle, des placements non (c) the trust’s income shall be computed without reference to subsection 104(6). A - B where A - B where
If an annuity contract ceases, at a particular time, to be a TFSA, Deposit ceasing to be a TFSA
If a deposit ceases, at a particular time, to be a TFSA, NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 146.2; 2008, c. 28, s. 4; 2009, c. 2, s. 53; 2010, c. 25, s. 35; 2013, c. 34, s. 29; 2019, c. 29, s. 28; 2023, c. 26, s. 4. Definitions
(d) a person referred to as a depository in section 146, a) personne titulaire d’une licence ou par ailleurs autorisée par la législation fédérale ou provinciale à exploiter au Canada un commerce de rentes; b) société titulaire d’une licence ou par ailleurs autorisée par la législation fédérale ou provinciale à exploiter au Canada une entreprise consistant à offrir ses services au public en tant que fiduciaire; c) société agréée par le gouverneur en conseil pour l’application de l’article 146 et qui est titulaire d’une licence ou par ailleurs autorisée par la législation fédérale ou provinciale à établir des contrats de placement; d) personne appelée dépositaire à l’article 146. (carrier) fonds de revenu de retraite Fonds visé par un accord entre un émetteur et un rentier aux termes duquel l’émetteur, contre les biens qui lui sont transférés, s’engage à verser au rentier, et si le rentier en fait le choix, à son époux ou conjoint de fait, des versements égaux ou non tout au long de chaque année pour sa vie, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année pour une période déterminée, chaque versement devant représenter pour l’année de son paiement au moins le montant obtenu par l’application de la formule figurant à l’alinéa b.1) de la définition de placement admissible, et ce, à compter de l’année civile suivant celle où le fonds a été enregistré en vertu du numéro d’assurance sociale du premier rentier et au plus tard dans l’année civile suivant celle où le rentier atteint 71 ans, ou des versements égaux ou non tout au long de chaque année for a period determined, each payment representing for the year of its payment at least the amount obtained by applying the formula in paragraph b.1) of the definition of eligible investment, and this, starting from the calendar year following the one in which the fund was registered under the social insurance number of the first annuitant and no later than the calendar year following the one in which the annuitant reaches 71 years old. (A × B) + C where B is a) si le premier rentier en vertu du fonds a choisi en application de l’alinéa b) de la définition de minimum au présent paragraphe, en son état avant 1992, ou du sous-alinéa 146.3(1)f)(i) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts revisés du Canada de 1952, d’utiliser l’âge d’un autre particulier à l’égard du fonds, le facteur prescrit pour l’année quant à l’autre particulier, b) si l’alinéa a) ne s’applique pas et si le premier rentier en vertu du fonds fait le choix avant que l’émetteur fasse un premier versement dans le cadre du fonds, le facteur prescrit pour l’année quant à un particulier qui était l’époux ou conjoint de fait du premier rentier au moment du choix, c) dans les autres cas, le facteur prescrit pour l’année quant au premier rentier en vertu du fonds; C dans le cas où le fonds régit une fiducie, le total des montants représentant chacun : a) un paiement périodique prévu par un contrat de rente détenu par la fiducie au début de l’année (à l’exception d’un contrat de rente visé au début de l’année à l’alinéa b.1) de la définition de placement admissible) et qui est payé à la fiducie au cours de l’année, b) si le paiement périodique prévu en vertu de tel contrat de rente n’est pas versé à la fiducie du fait que celle-ci a disposé du droit de paiement au cours de l’année, un montant représentant une estimation raisonnable de ce paiement, à supposer que le contrat de rente ait été détenu tout au long de l’année et qu’il n’ait été disposé d’aucun droit dans le cadre du contrat au cours de l’année. (minimum amount) placement admissible Dans le cas d’une fiducie régie par un fonds enregistré de revenu de retraite : a) placement qui serait visé à l’un des alinéas a) à d), f) et g) de la définition de placement admissible à l’article 204 si la mention « dans le cadre d’un régime de participation différée aux bénéfices ou en vertu d’un tel régime » était retirée à cette définition et remplacée par « régie par un fonds enregistré de revenu de retraite » et si l’état pas tenu compte du passage « sauf s’il s’agit de biens exclus relativement à la fiducie » à cette même définition; b) [Abrogé, 2007, ch. 29, art. 19] b.1) contrat relatif à une rente établi par un fournisseur de rentes autorisé, si les conditions suivantes sont réunies : (b) [Repealed, 2007, c. 29, s. 19] (iii) le montant d’un paiement périodique prévu au contrat, ni le moment de son versement, ne peuvent varier en raison de la durée d’une vie, sauf s’il s’agit : (A) de la vie du rentier du fonds (appelé « rentier du FERR » au présent alinéa) ou de celle de son époux ou conjoint de fait, dans le cas où le rentier du FERR a fait le choix prévu à la définition de fonds de revenu de retraite relativement au fonds et à son époux ou conjoint de fait, (B) de la vie du rentier du FERR, dans les autres cas, (iv) le versement des paiements périodiques a commencé ou doit commencer au plus tard à la fin de l’année suivant celle au cours de laquelle le contrat a été acheté par la fiducie, (v) selon le cas : (A) les paiements périodiques sont payables au rentier du FERR à titre viager ou sont réversibles à l’époux ou conjoint de fait du rentier, dans une garantie ou pour une durée garantie, commençant à la date du début du versement des paiements, égale ou inférieure à la différence entre 90 et le moindre des âges suivants : (v) either (vi) the periodic payments (c) tout autre placement qui peut être prévu par règlement du gouverneur en conseil, pris sur recommandation du ministre des Finances. (qualified investment) prestation désignée S’agissant de la prestation désignée d’un particulier prévue par un fonds enregistré de revenu de retraite, le total des montants suivants : a) les montants versés dans le cadre du fonds après le décès de son dernier rentier au représentant légal de ce rentier, qui répond aux conditions suivantes : (i) ils seraient des remboursements de primes (cette expression s’entendant, à la présente définition, au sens du paragraphe 146(1)) s’ils avaient été versés au particulier dans le cadre du fonds et si le fonds était un régime enregistré d’épargne-retraite non échu avant un décès, (ii) ils sont désignés conjointement par le représentant légal et le particulier sur le formulaire prescrit présenté au ministre; Exceptions b) les montants versés au particulier dans le cadre du fonds après le décès de son dernier rentier qui seraient des remboursements de primes si le fonds était un régime enregistré d’épargne-retraite non échu avant le décès. (designated benefit) rentier S’agissant d’un rentier en vertu d’un fonds enregistré de revenu de retraite à un moment donné, l’une des personnes suivantes : a) le premier particulier envers qui l’émetteur s’est engagé à faire les paiements visés à la définition de fonds de revenu de retraite au présent paragraphe dans le cadre du fonds, si ce particulier est vivant à ce moment; b) après le décès du premier particulier, l’époux ou le conjoint de fait (appelé survivant à la présente définition) du premier particulier envers qui l’émetteur s’est engagé à faire les paiements visés à la définition de fonds de revenu de retraite au présent paragraphe dans le cadre du fonds après le décès du premier particulier, si cet époux ou conjoint de fait est vivant à ce moment; c) après le décès du survivant, un autre époux ou conjoint de fait du survivant envers qui l’émetteur s’est engagé, avec le consentement du représentant légal du survivant, à faire les paiements visés à la définition de fonds de revenu de retraite au présent paragraphe dans le cadre du fonds après le décès du survivant, si l’autre époux ou conjoint de fait est vivant à ce moment. (annuitant) Rajustement du minimum pour 2008 (1.1) Le minimum à retirer d’un fonds de revenu de retraite pour 2008 correspond à 75 % de la somme qui, en l’absence du présent paragraphe, correspondrait à ce minimum pour l’année. Exceptions (1.2) Le paragraphe (1.1) ne s’applique pas à un fonds de revenu de retraite : a) pour l’application des paragraphes (5.1) et 153(1) ainsi que la définition de paiement périodique de pension à l’article 5 de la Loi sur l’interprétation des conventions en matière d’impôts sur le revenu; Exceptions Exceptions Acceptance of fund for registration quelque façon, en garantie d’un prêt ou dans un autre but que celui de permettre à l’émetteur de faire au rentier les versements visés à l’alinéa a); d) elle prévoit que, à la suite du décès du rentier, l’émetteur doit distribuer les biens détenus dans le cadre du fonds au moment du décès ou un montant égal à la valeur de ceux-ci à ce moment, sauf si l’époux ou conjoint de fait du rentier devient rentier du fonds; e) elle prévoit que, sur instructions du rentier, l’émetteur doit transférer à une personne qui s’est engagée à être émetteur d’un autre fonds enregistré de revenu de retraite du rentier, tout ou partie des biens détenus dans le cadre du fonds ou un montant égal à la valeur de ceux-ci au moment des instructions (sont exclus les biens devant être conservés par l’émetteur dans le cadre du fonds en conformité avec la condition énoncée aux alinéas c.1) ou c.2)), avec les renseignements nécessaires à la continuation du fonds; e.1) si le fonds ne régit pas de fiducie ou s’il régit une fiducie établie avant 1998 qui ne détient pas de contrat de rente admissible pour la fiducie, elle prévoit que, si un rentier, à un moment donné, ordonne à l’émetteur de transférer à un autre fonds enregistré de revenu de retraite du rentier, ou conformément au paragraphe (14.1), tout ou partie des biens détenus dans le cadre du fonds ou un montant égal à la valeur de ceux-ci à ce moment, le cédant doit conserver un montant égal au moins élevé des montants suivants : (i) la juste valeur marchande de la partie des biens qui, si leur juste valeur marchande ne diminuait pas après le transfert, serait suffisante pour que l’émetteur puisse verser au rentier le minimum prévu par l’entente pour l’année du transfert, (ii) la juste valeur marchande de l’ensemble des biens; e.2) en cas d’inapplicabilité de l’alinéa e.1), elle prévoit que, dans le cas où, à un moment donné, un rentier ordonne à l’émetteur de transférer à un autre fonds enregistré de revenu de retraite du rentier, ou conformément au paragraphe (14.1), tout ou partie des biens détenus dans le cadre du fonds ou un montant égal à la valeur de ceux-ci à ce moment, le cédant doit conserver dans le fonds suffisamment de biens pour s’assurer que le total des montants suivants n’est pas inférieur à l’excédent éventuel du minimum à retirer du fonds pour l’année du transfert sur le total des montants reçus sur le fonds avant le transfert qui sont (vii) a specified pension plan in circumstances to which subsection 146(21) applies, inclus dans le calcul du revenu du rentier en vertu du fonds pour cette année : (i) les montants représentant chacun la juste valeur marchande, immédiatement après le transfert, d’un des biens suivants détenus dans le cadre du fonds : (A) un bien autre qu’un contrat de rente, (B) un contrat de rente visé, immédiatement après le transfert, à l’alinéa b.1) de la définition de placement admissible au paragraphe (1), (ii) les montants représentant chacun une estimation raisonnable, effectuée au moment du transfert, des paiements à effectuer périodiquement à intervalles annuels ou plus fréquents dans le cadre d’un contrat de rente (sauf celui visé à la division (ii)(B)) que la fiducie peut recevoir après le transfer
Lorsque, à un moment donné d’une année d’imposition, une fiducie régie par un fonds enregistré de revenu de retraite : a) se départit de biens pour une contrepartie inférieure à la juste valeur marchande des biens au moment de la disposition, ou gratuitement; b) soit acquiert des biens pour une contrepartie supérieure à leur juste valeur marchande des biens au moment de l’acquisition, il doit être inclus dans le calcul du revenu, pour l’année d’imposition, du contribuable qui est le rentier en vertu du fonds à ce moment, 2 fois la différence entre cette juste valeur marchande et la contrepartie. Prestations imposables
Il doit être inclus dans le calcul du revenu d’un contribuable pour une année d’imposition les sommes qu’il a reçues au cours de l’année dans le cadre d’un fonds enregistré de revenu de retraite, sauf la partie de ces sommes qu’il est raisonnable de considérer comme étant : a) une partie de la somme comprise dans le calcul du revenu d’un autre contribuable en vertu des paragraphes (6) et (6.2); b) une somme reçue à l’égard du revenu de la fiducie en vertu du fonds pour une année d’imposition pour laquelle la fiducie n’était pas exonérée de l’impôt en vertu du paragraphe (3.1); c) un montant qui se rapporte à des intérêts, ou à un autre montant inclus dans le calcul du revenu exceeds Ordering Spouse’s income Where s. (5.1) does not apply Where last annuitant dies Déduction dans le revenu de l’époux ou conjoint de fait (5.4) Dans le cas où, à cause d’un montant à inclure dans le calcul du revenu de l’époux ou conjoint de fait d’un contribuable à un moment donné d’une année d’imposition, une prime est, en tout ou en partie, incluse, en application du paragraphe (5.1) dans le calcul du revenu du contribuable pour l’année, cette prime ou partie de prime, selon le cas : a) est réputée, pour l’application des paragraphes (5.1) et 146(8.3) après ce moment, ne pas avoir été une prime versée à un régime enregistré d’épargne-retraite dont l’époux ou conjoint de fait du contribuable est rentier, au sens du paragraphe 146(1); b) est déductible dans le calcul du revenu de l’époux ou conjoint de fait pour l’année. Non-application du par. (5.1) (5.5) Le paragraphe (5.1) ne s’applique pas : a) à un contribuable pour l’année au cours de laquelle il décède; b) au contribuable au cas où celui-ci ou le rentier ne réside pas au Canada au moment visé à ce paragraphe; c) à un versement reçu qui découle d’une conversion totale ou partielle d’un régime enregistré d’épargne-retraite ou d’un fonds enregistré de revenu de retraite pour lequel une déduction est faite en vertu de l’alinéa 60 l), lorsque la déduction concerne l’achat d’une rente, il est prévu de ne pas pouvoir convertir celle-ci en totalité ou en partie dans les trois ans suivant son achat et elle n’est pas ainsi convertie; d) à une somme réputée par le paragraphe (6) avoir été reçue par un rentier en vertu d’un fonds enregistré de revenu de retraite immédiatement avant son décès. Décès du dernier rentier
Le dernier rentier dans le cadre d’un fonds enregistré de revenu de retraite est réputé, s’il est décédé, avoir reçu, immédiatement avant son décès, un montant dans le cadre d’un tel fonds égal à la juste valeur marchande des biens du fonds au moment de son décès. A × [1 - (B - C) / D] where Prestation désignée réputée reçue (6.1) La prestation désignée d’un particulier, prévue par un fonds enregistré de revenu de retraite, que le représentant légal du dernier rentier dans le cadre du fonds reçoit est réputée, à la fois : a) être reçue par le particulier dans le cadre du fonds au moment où le représentant légal la reçoit; b) n’être reçue par nulle autre personne dans le cadre du fonds, sauf pour l’application de la définition de prestation désignée au paragraphe (1). Transfert d’une prestation désignée (6.11) Pour l’application du sous-alinéa 60(l)(v), le montant admissible d’un particulier donné pour une année d’imposition relativement à un fonds enregistré de revenu de retraite est nul sauf si le particulier était au moins une des personnes suivantes : a) l’époux ou conjoint de fait du dernier rentier dans le cadre du fonds; b) l’enfant ou le petit-enfant de ce rentier dont il était à la charge en raison de son infirmité mentale ou physique. En pareil cas, le montant admissible est égal au résultat du calcul suivant : A × [1 - (B - C)/D] où : A représente la partie de la prestation désignée du particulier donné prévue par le fonds qui est incluse, par l’effet du paragraphe (5), dans le calcul de son revenu pour l’année; B le minimum à retirer du fonds pour l’année; C le moins élevé des montants suivants : a) le total des montants inclus, par l’effet du paragraphe (5), dans le calcul du revenu d’un rentier dans le cadre du fonds pour l’année au titre de montants qu’il a reçus au titre du fonds, b) le minimum à retirer du fonds pour l’année; D le total des montants représentant chacun la partie de la prestation désignée d’un particulier prévue par le fonds qui est incluse, par l’effet du paragraphe (5), dans le calcul de son revenu pour l’année. A × [1 - ((B + C - D) / (B + C))] where A - B where Subsection (6.3) not applicable
[Repealed, 2011, c. 24, s. 49] (b) for the purposes of paragraph 146.3(9)(a), Impôt sur le revenu provenant d’un placement non admissible
Si une fiducie régie par un fonds enregistré de revenu de retraite détient, au cours d’une année d’imposition, un bien qui n’est pas un placement admissible : a) un impôt est payable en vertu de la présente partie sur la somme qui constituerait son revenu imposable pour l’année si elle n’avait pas eu de revenu ou de perte de sources autres que le bien qui constitue un placement non admissible, ni de gain en capital ou de perte en capital en provenance de la disposition de ce bien, selon le cas; b) pour l’application de l’alinéa a) : (i) sont compris dans le revenu les dividendes visés à l’article 83, (ii) la mention de toute fraction visée aux alinéas 38a) et b) vaut mention de « totalité », compte tenu des adaptations grammaticales nécessaires. Récupération d’un bien utilisé en garantie
Lorsque, au cours d’une année d’imposition, un emprunt pour lequel une fiducie régie par un fonds enregistré de revenu de retraite a utilisé ou permis l’utilisation d’un bien de la fiducie cesse d’exister, et que la juste valeur marchande de ce bien a été incluse en vertu du paragraphe (7) dans le calcul du revenu du contribuable qui était le rentier en vertu du fonds, il peut être déduit, dans le calcul du revenu, pour une année d’imposition, du contribuable qui est alors le rentier, un montant égal à la somme qui reste lorsque la somme visée à l’alinéa a) est déduite de la somme visée à l’alinéa b). a) la perte nette (à l’exclusion des paiements d’intérêt ou à titre d’intérêt effectués par la fiducie) subie par la fiducie par suite de l’utilisation de ce bien, faite ou autorisée par elle, en garantie de l’emprunt et non par suite d’un changement de la juste valeur marchande du bien; b) la somme incluse dans le calcul du revenu d’un contribuable par suite de l’utilisation de ce bien, faite ou autorisée par la fiducie, en garantie de l’emprunt. Modification du fonds après enregistrement
Dans le cas où, à une date donnée postérieure à l’acceptation par le ministre d’enregistrer un fonds de revenu de retraite pour l’application de la présente loi, le fonds est révisé ou modifié ou un nouveau fonds lui est substitué – l’un et l’autre étant appelés « fonds modifié » au présent paragraphe – et où le fonds modifié ne répond pas aux conditions prévues au présent article pour Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements
Idem
[Repealed, 2011, c. 24, s. 49] Impôt sur le revenu
Fonds enregistrés de revenu de retraite
que le ministre accepte de l’enregistrer pour l’application de la présente loi, les règles suivantes s’appliquent : a) le fonds modifié est réputé, pour l’application de la présente loi, ne pas être un fonds enregistré de revenu de retraite; b) le contribuable qui était rentier du fonds avant que celui-ci soit devenu un fonds modifié doit ajouter comme revenu retiré du fonds à ce moment une somme égale à la juste valeur marchande des biens détenus dans le cadre du fonds immédiatement avant ce moment, dans le calcul de son revenu pour l’année d’imposition qui comprend la date en question. Idem
Pour l’application du paragraphe (11), toute entente qui prévoit, en totalité ou en partie, la remise ou l’extinction de quelque droit ou obligation découlant d’un fonds de revenu de retraite est réputée substituer un nouveau fonds au fonds de revenu de retraite.
[Abrogé, 2011, ch. 24, art. 49] Transfert en cas d’échec du mariage ou de l’union de fait
Un montant est transféré du fonds enregistré de revenu de retraite d’un rentier conformément au présent paragraphe s’il est transféré, à la fois : a) pour le compte d’un particulier qui est l’époux ou le conjoint de fait, l’ex-époux ou l’ancien conjoint de fait, du rentier et qui a droit au montant en vertu d’une ordonnance ou d’un jugement rendu par un tribunal compétent, ou en vertu d’un accord écrit, visant à partager des biens entre le rentier et le particulier en règlement des droits découlant de l’échec du mariage ou de l’union de fait ou de son échec; b) directement au fonds ou au régime suivant : (i) un fonds enregistré de revenu de retraite dont le particulier est le rentier, (ii) un régime enregistré d’épargne-retraite dont le particulier est le rentier, au sens du paragraphe 146(1). (14.2) An amount transferred on behalf of an individual in accordance with paragraph (2)(e) or subsection (14) or (14.1)
Where NOTE: Applicable provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 146.3; 1994, c. 7, Sch. II, s. 119; S.C. 1994, c. 21, s. 75; 1998, c. 19, s. 171; 2000, c. 12, s. 136; 146.4; 2001, c. 17, ss. 110, 304, c. 15, s. 85; 2007, c. 35, s. 79; 2009, c. 2, s. 54; 2011, c. 24, ss. 46, 47; 2011, c. 25, ss. 30, 201; c. 3, s. 50; 2016, c. 5, s. 15; 2020, c. 5, s. 4; 2021, c. 23, ss. 32; 2022, c. 19, s. 30; 2023, c. 26, s. 41; 2024, c. 17, s. 50(F). Definitions (d) other than for the purposes of paragraphs (4)(f) to (h) and (n), (i) a specified RDSP payment as defined in subsection 60.02(1), or disability assistance payment, in relation to a disability savings plan of a beneficiary, means any payment made from the plan to the beneficiary or to the beneficiary’s estate. (paiement d’aide à l’invalidité) Régime enregistré d’épargne-invalidité Définitions
année déterminée Relativement à un régime d’épargne-invalidité d’un bénéficiaire, l’année civile donnée au cours de laquelle un médecin ou un infirmier praticien autorisé à exercer sa profession par les lois d’une province ou (au lieu de résidence du bénéficiaire) atteste par écrit que l’état de santé du bénéficiaire est tel que, selon l’opinion professionnelle du médecin ou de l’infirmier praticien, il est peu probable qu’il survive plus de cinq ans, ainsi que celles qui suivent dans les cas applicables : a) si le régime est un régime d’épargne-invalidité déterminé, chacune des années civiles suivant l’année donnée; b) dans les autres cas, chacune des cinq années civiles suivant l’année donnée. (specified year) cotisation Ne sont pas des cotisations à un régime d’épargne-invalidité, sauf pour l’application de l’alinéa b) de la définition de régime d’épargne-invalidité : a) les sommes versées dans le régime en vertu ou par l’effet de la Loi canadienne sur l’épargne-invalidité ou d’un programme provincial désigné; b) les sommes versées dans le régime en vertu ou par l’effet de tout autre programme dont l’objet est semblable à celui d’un programme provincial désigné et qui est financé, directement ou indirectement, par une province, à l’exclusion des sommes versées dans le régime par une entité visée au sous-alinéa a)(iii) de la définition de personne admissible en sa qualité de titulaire du régime; c) les sommes transférées au régime conformément au paragraphe (8); d) sauf pour l’application des alinéas (4)f) à h) et n) : (i) les paiements de REEI déterminés au sens du paragraphe 60.02(1), (ii) les paiements de revenu accumulé versés au régime en vertu du paragraphe 146.1(1.2). (contribution) programme provincial désigné Programme établi sous le régime des lois d’une province et qui favorise l’épargne dans des régimes enregistrés d’épargne-invalidité. (designated provincial program) paiement d’aide à l’invalidité Relativement à un régime d’épargne-invalidité d’un bénéficiaire, tout paiement versé sur le régime au bénéficiaire ou à sa succession. (disability assistance payment) régime d’épargne-invalidité d’un bénéficiaire Arrangement : a) conclu entre : (i) une société (appelée « émetteur » dans la présente définition) (A) the beneficiary, (iii) les paiements de revenu accumulé faits au régime en vertu du paragraphe 146.1(1.2). (contribution) émetteur Est l’émetteur d’un arrangement la personne appelée « émetteur » à la définition de régime d’épargne-invalidité. (issuer) fiducie de régime La fiducie régie par un régime d’épargne-invalidité. (plan trust) membre de la famille admissible S’entend, relativement au bénéficiaire d’un régime d’épargne-invalidité, à un moment donné, de tout particulier qui, à ce moment : a) est légalement le père ou la mère du bénéficiaire; b) est l’époux ou le conjoint de fait du bénéficiaire dont il ne vit pas séparé pour cause de rupture de l’union de fait; c) un frère ou une sœur (s’entendant comme tenu au paragraphe 252(2)) du bénéficiaire. (qualifying family member) ministre responsable Le ministre désigné au titre de l’article 4 de la Loi canadienne sur l’épargne-invalidité. (specified Minister) montant de retenue S’entend au sens qui est donné à ce terme sous le régime de la Loi canadienne sur l’épargne-invalidité. (assistance holdback amount) paiement d’aide à l’invalidité Toute somme provenant d’un régime d’épargne-invalidité qui est versée au titulaire du régime ou à sa succession. (disability assistance payment) paiements viagers pour invalidité Paiements d’aide à l’invalidité prévus par le régime d’épargne-invalidité d’un bénéficiaire qui, selon les conditions du régime, constituent des paiements viagers pour invalidité et qui, dès le début de leur versement, sont payables au moins annuellement jusqu’à la date du décès du bénéficiaire, ou elle est antérieure, la date où il est mis fin au régime. (lifetime disability assistance payments) particulier admissible au CIPH Est un particulier admissible au CIPH pour une année d’imposition le particulier à l’égard duquel une somme est déductible en application de l’article 118.3, ou serait en l’absence de l’alinéa 118.3(1)(c), dans le calcul de l’impôt à payer par un contribuable en vertu de la présente partie pour l’année. (DTC-eligible individual) placement admissible Dans le cas d’une fiducie régie par un régime enregistré d’épargne-invalidité : a) placement qui serait visé à l’un des alinéas a) à d), f) et g) de la définition de placement admissible à l’article 204 si le passage « fiducie régie par un régime de participation différée aux bénéfices ou un régime dont l’agrément est retiré » à cette définition était remplacé par « fiducie régie par un REEI » et si l’on faisait comme si le passage « sauf s’il s’agit de biens exclus relativement à la fiducie » à cette définition n’existait pas; b) contrat qui est relatif à une rente établie par un fournisseur de rentes autorisé et à l’égard duquel les énoncés ci-après se vérifient : (i) la fiducie est la seule personne qui, s’il est fait abstraction d’un transfert subséquent du contrat par la fiducie, a droit ou peut avoir droit à des paiements de rente dans le cadre du contrat; (ii) le titulaire du contrat a le droit d’exiger le rachat de celui-ci à un moment donné pour un montant qui, s’il n’était pas tenu compte des frais de rachat par le fournisseur de rentes, correspondrait à peu près à la valeur des fonds qui pourraient servir par ailleurs à financer des paiements périodiques futurs dans le cadre du contrat; (iii) le montant d’un paiement prévu par le contrat, ni le moment de son versement, ne peuvent varier en raison de la durée d’une vie, sauf s’il s’agit de la vie du bénéficiaire du régime; (iv) le versement des paiements périodiques commence ou doit commencer au plus tard à la fin de chacune des années ci-après qui est postérieure à l’autre : (A) l’année dans laquelle le bénéficiaire du régime atteint 60 ans, Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements
(vi) the periodic payments (d) placement visé par règlement. (qualified investment) plafond Relativement à un régime d’épargne-invalidité pour une année civile, la plus élevée des sommes suivantes : a) la somme obtenue par la formule figurant à l’alinéa (4)l) relativement au régime pour l’année; b) la somme obtenue par la formule suivante : A + B ou : A représente 10 % de la juste valeur marchande des biens détenus par la fiducie de régime au début de l’année (à l’exception des contrats de rente qu’elle détient et qui, au début de l’année, ne sont pas visés à l’alinéa b) de la définition de placement admissible), B le total des sommes dont chacune représente : (i) un paiement périodique prévu par un contrat de rente détenu par la fiducie de régime au début de l’année (à l’exception d’un contrat de rente qui, au début de l’année, n’est pas visé b) de la définition de placement admissible) qui est versé à la fiducie au cours de l’année, (d) a prescribed investment. (placement admissible) (a) a legal parent of the beneficiary; (c) a brother or sister (determined without reference to subsection 252(2)) of the beneficiary. (membre de la famille admissible) (i) a legal parent of the beneficiary, (ii) si le paiement périodique prévu par un tel contrat de rente n’est pas versé à la fiducie de régime du fait qu’elle a disposé du droit au paiement au cours de l’année, une estimation raisonnable de ce paiement, étant admis que le contrat de rente a été détenu tout au long de l’année et qu’aucun droit dans le cadre du contrat n’a fait l’objet d’une disposition au cours de l’année. (specified maximum amount) programme provincial désigné Tout programme établi en vertu des lois d’une province qui favorise la constitution d’une épargne dans les régimes enregistrés d’épargne-invalidité. (designated provincial program) régime d’épargne-invalidité Est un régime d’épargne-invalidité d’un bénéficiaire l’arrangement qui présente les caractéristiques suivantes : a) il est conclu entre les personnes suivantes : (i) une société (appelée « émetteur » à la présente définition) qui, à la fois : (A) a été constituée en société en vertu des lois fédérales ou provinciales et a le droit d’exploiter au Canada une entreprise consistant à offrir ses services au public en tant que fiduciaire, (B) a conclu, avec le ministre responsable, une convention qui s’applique à l’arrangement pour les fins de la Loi canadienne sur l’épargne-invalidité, (ii) une ou plusieurs des entités suivantes : (A) le bénéficiaire, (B) toute entité qui, au moment de la conclusion de l’arrangement, est le responsable du bénéficiaire par l’effet des alinéas (b) ou (c) de la définition de responsable, (B.1) si l’arrangement est conclu avant 2027, tout membre de la famille admissible relativement au bénéficiaire qui, au moment de la conclusion de l’arrangement, est le responsable du bénéficiaire, (B.2) tout membre de la famille admissible relativement au bénéficiaire qui, au moment de la conclusion de l’arrangement, n’est pas le responsable du bénéficiaire, mais est titulaire d’un autre arrangement qui est un régime enregistré d’épargne-invalidité du bénéficiaire, A + B where (C) un particulier qui est légalement le père ou la mère du bénéficiaire et qui, au moment de la conclusion de l’arrangement, n’en est pas le responsable mais est titulaire d’un autre arrangement qui est un régime enregistré d’épargne-invalidité du bénéficiaire; b) il prévoit le versement à l’émetteur, en fiducie, d’une ou de plusieurs cotisations qui seront investies, utilisées ou autrement appliquées par celui-ci afin que des sommes provenant de l’arrangement puissent être versées au bénéficiaire; c) il est conclu au cours d’une année d’imposition pour laquelle, selon le cas : (i) le bénéficiaire est un particulier admissible au CIPH, (ii) le bénéficiaire n’est pas un particulier admissible au CIPH et une somme doit être transférée de son régime enregistré d’épargne-invalidité à l’arrangement conformément au paragraphe (8). (disability savings plan) régime enregistré d’épargne-invalidité ou REEI Régime d’épargne-invalidité qui satisfait aux conditions énoncées au paragraphe (2), à l’exclusion de tout régime auquel les paragraphes (3) ou (10) s’appliquent. (registered disability savings plan or RDSP) responsable Est le responsable du bénéficiaire d’un régime d’épargne-invalidité à un moment donné l’une des entités suivantes : a) si le bénéficiaire n’a pas atteint l’âge de la majorité au plus tard à ce moment, l’entité qui est, à ce moment : (i) un particulier qui est légalement le père ou la mère du bénéficiaire, (ii) un tuteur, curateur ou autre particulier est légalement autorisé à agir au nom du bénéficiaire, (iii) un ministre, organisme ou établissement public qui est légalement autorisé à agir au nom du bénéficiaire; b) si le bénéficiaire a atteint l’âge de la majorité au plus tard à ce moment et n’a pas la capacité de contracter un régime d’épargne-invalidité à ce moment, l’entité qui est, à ce moment, une entité visée aux sous-alinéas a)(ii) ou (iii); c) tout particulier qui est un membre de la famille admissible relativement au bénéficiaire dans des circonstances où les faits ci-après s’avèrent : (i) à ce moment ou antérieurement, le bénéficiaire a atteint l’âge de la majorité et, sauf pour l’application de l’alinéa (4)b.1), n’est pas bénéficiaire d’un régime d’épargne-invalidité, (ii) à ce moment, aucune des entités visées aux sous-alinéas a)(ii) ou (iii) n’est légalement autorisée à agir au nom du bénéficiaire, (iii) l’émetteur est d’avis, après enquête raisonnable, qu’il y a doute quant à la capacité du bénéficiaire de contracter un régime d’épargne-invalidité à ce moment. (qualifying person) titulaire Est titulaire d’un régime d’épargne-invalidité à un moment donné chacune des entités suivantes : a) toute entité qui, à ce moment, a des droits à titre d’entité avec laquelle l’émetteur a établi le régime; b) sous réserve de la nomination, d’une entité successeur ou de la renonciation des droits à titre d’entité au ou du présent alinéa, c) le bénéficiaire, si, à ce moment, il n’est pas une entité visée aux alinéas a) ou b) et a le droit aux termes du régime de prendre des décisions seul ou de concert avec d’autres titulaires du régime) concernant le régime, sauf dans les cas où son droit est à cet égard consisté à ordonner que des paiements d’aide à l’invalidité soient effectués conformément au sous-alinéa (4)n)(ii). (holder) Régime d’épargne-invalidité déterminé (1.1) Si, relativement à un bénéficiaire d’un régime enregistré d’épargne-invalidité, un médecin ou un infirmier praticien autorisé à exercer sa profession par les lois d’une province (ou du lieu de résidence du bénéficiaire) certifie par écrit que l’état de santé du bénéficiaire est tel que, selon l’opinion professionnelle du médecin ou de l’infirmier praticien, il est peu probable qu’il survive plus de cinq ans, que le titulaire du régime fait le choix applicable sur la formule prescrite et qu’il fournit à l’émetteur du régime, accompagné de l’attestation du médecin ou de l’infirmier praticien concernant le bénéficiaire, l’avis à cet égard, et que l’émetteur avise le ministre responsable de ce choix de la manière et sous une forme que celui-ci estime acceptable, le régime devient un régime d’épargne-invalidité déterminé au moment où le ministre responsable reçoit l’avis. Ceasing to be a specified disability savings plan (d) the time immediately following the end of a calendar year if (e) and (f) [Repealed, 2012, c. 31, s. 35] Waiting period Waiver Entity replacing holder (a) the entity shall notify the issuer without delay of the entity’s appointment; Registered status Registered status nullified (a) the issuer of the plan provides without delay notification of the plan’s establishment in prescribed form containing prescribed information to the specified Minister; and Plan conditions (a) the plan stipulates (i) the beneficiary, (ii) the beneficiary’s estate, Conditions du régime
Les conditions visées à l’alinéa (2)a) sont les suivantes : a) le régime stipule ce qui suit : (i) il doit être administré exclusivement au profit de son bénéficiaire, (ii) la désignation du bénéficiaire du régime est irrévocable, (iii) le droit du bénéficiaire de recevoir des paiements provenant du régime ne peut faire l’objet de renonciation ou de cession; b) le régime ne permet à une entité d’acquérir des droits à titre de successeur ou de cessionnaire d’un titulaire du régime que s’il s’agit d’une entité qui est : (i) le bénéficiaire, (ii) la succession du bénéficiaire, (iii) un titulaire du régime au moment où les droits sont acquis, (iv) le responsable (autre qu’une personne visée à l’alinéa c) de la définition de responsable au paragraphe (1)) du bénéficiaire au moment où les droits sont acquis, (v) un particulier qui est légalement le père ou la mère du bénéficiaire et qui était antérieurement titulaire du régime; b.1) avant 2027, par suite du décès d’un membre de la famille admissible qui était le dernier titulaire du régime immédiatement avant son décès, le régime peut permettre à un membre de la famille admissible, à l’égard duquel les conditions énoncées à l’alinéa c) de la définition de responsable au paragraphe (1) sont remplies, d’acquérir les droits à titre de successeur du titulaire du régime; c) le régime prévoit que, lorsqu’une entité (autre qu’un membre de la famille admissible relativement au bénéficiaire) qui est titulaire du régime cesse d’être le responsable du bénéficiaire à un moment donné, elle cesse, à ce moment, d’être titulaire du régime; d) le régime prévoit qu’il doit toujours y avoir au moins un titulaire du régime; afin de garantir l’observation de cette exigence, le régime peut prévoir que le bénéficiaire (ou sa succession, le cas échéant) acquiert automatiquement des droits à titre de successeur ou de cessionnaire d’un titulaire; A/(B + 3 - C) + D where la fiducie de régime immédiatement après le paiement serait inférieure au montant de retenue relatif au régime; k) le régime prévoit que le versement des paiements viagers pour invalidité doit commencer au plus tard à la fin de l’année civile où le bénéficiaire atteint 60 ans ou, si le régime est établi au cours de cette année ou par la suite, au plus tard au cours de l’année civile suivant celle de son établissement; l) le régime prévoit que le montant total des paiements viagers pour invalidité effectués au cours d’une année civile (sauf une année déterminée pour le régime) ne peut excéder le montant obtenu par la formule suivante : A/(B + 3 - C) + D où : A représente la juste valeur marchande des biens détenus par la fiducie de régime au début de l’année (à l’exception des contrats de rente détenus par le régime et qui, au début de l’année, ne sont pas visés à l’alinéa b) de la définition de placement admissible au paragraphe (1)), B 80 ou l’âge du bénéficiaire, en années accomplies, au début de l’année, la plus élevée de ces deux étant à retenir, C l’âge du bénéficiaire, en années accomplies, au début de l’année, D le total des sommes représentant chacune : (i) un paiement périodique prévu par un contrat de rente détenu par la fiducie de régime au début de l’année (à l’exception d’un contrat de rente visé au début de l’année à l’alinéa b) de la définition de placement admissible au paragraphe (1)) qui est versé à la fiducie de régime au cours de l’année, (ii) si le paiement périodique prévu par un tel contrat de rente n’est pas versé à la fiducie de régime du fait qu’elle a disposé du droit au paiement au cours de l’année, une estimation raisonnable de ce paiement, en supposant que le contrat de rente a été détenu tout au long de l’année et qu’aucun droit dans le cadre du contrat n’a fait l’objet d’une disposition au cours de l’année; m) le régime stipule s’il est permis ou non d’effectuer, aux termes du régime, des paiements d’aide à l’invalidité qui ne sont pas des paiements viagers pour invalidité; (iii) [Repealed, 2012, c. 31, s. 35] n) le régime prévoit que dans le cas où le total des sommes versées aux termes de la Loi canadienne sur l’épargne-invalidité avant le début d’une année civile dans tout régime enregistré d’épargne-invalidité du bénéficiaire excède le total des cotisations versées avant le début de l’année dans tout régime enregistré d’épargne-invalidité du bénéficiaire : (i) si l’année n’est pas une année déterminée pour le régime et que les conditions prévues aux divisions (p)(ii)(A) et (B) ne sont pas remplies au cours de l’année civile, le montant total des paiements d’aide à l’invalidité versés au bénéficiaire aux termes du régime au cours de l’année ne peut excéder le plafond précisé pour l’année; toutefois, pour le calcul de ce montant total, il n’est pas tenu compte d’un paiement issu d’un transfert effectué d’un autre régime au cours de l’année conformément au paragraphe (8), qui est fait : (A) pour but de remplir l’engagement prévu à l’alinéa (8)d), (B) est effectué en remplacement d’un paiement qu’il aurait par ailleurs été permis de faire aux termes de l’autre régime au cours de l’année en l’absence du transfert, (ii) si le bénéficiaire a atteint 27 ans mais non 59 ans avant l’année en cause, il peut ordonner, compte tenu des contraintes prévues au sous-alinéa (i) et à l’alinéa j), qu’un ou plusieurs paiements d’aide à l’invalidité lui soient versés aux termes du régime au cours de l’année; (iii) [Abrogé, 2012, ch. 31, art. 35] n.1) le régime prévoit que, si le bénéficiaire a atteint 59 ans avant une année civile, le total des paiements d’aide à l’invalidité qui lui sont versés aux termes du régime au cours de l’année doit être au moins égal à la somme obtenue par la formule figurant à l’alinéa l) relativement au régime pour l’année ou à toute somme inférieure pouvant être versée compte tenu de la valeur des biens de la fiducie de régime; o) le régime prévoit que, sur l’ordre des titulaires, l’émetteur est tenu de transférer l’ensemble des biens détenus par la fiducie du régime (ou une somme égale à leur valeur) à un autre régime enregistré d’épargne-invalidité du bénéficiaire de même que tous les renseignements en sa possession (sauf ceux que le ministre responsable a fournis à l’émetteur de l’autre régime) qu’il est raisonnable de considérer comme étant nécessaires pour garantir la conformité de l’autre régime aux exigences de la présente loi et aux conditions et (4.1) [Repealed, 2021, c. 23, s. 33] (4.2) [Repealed, 2021, c. 23, s. 33] (4.3) [Repealed, 2021, c. 23, s. 33] p) le régime prévoit que les sommes restant dans le régime (compte tenu de tout remboursement à faire en vertu de la Loi canadienne sur l’épargne-invalidité ou d’un programme provincial désigné) doivent être versées au bénéficiaire, ou à sa succession, et qu’il doit être mis fin au régime, au plus tard à la fin de l’année civile suivant celle des années ci-après qui est antérieure à l’autre : (i) l’année civile au cours de laquelle le bénéficiaire décède, (ii) la première année civile à l’égard de laquelle les conditions suivantes sont remplies : (A) le titulaire du régime demande à l’émetteur de mettre fin au régime, (B) tout au long de l’année le bénéficiaire n’a pas de déficiences graves et prolongées dont les effets sont décrits à l’alinéa 118.3(1)a.1). Règle transitoire (4.01) Si, après le 18 mars 2019 mais avant 2021, le sous-alinéa (4)p)(ii) ou toute modalité du régime en découlant exigerait par ailleurs de mettre fin à un régime enregistré d’épargne-invalidité, malgré ce sous-alinéa ou ces modalités, il n’est pas exigé de mettre fin au régime avant 2021 si : a) soit le bénéficiaire du régime n’a pas de déficiences graves et prolongées dont les effets sont décrits à l’alinéa 118.3(1)a.1); b) soit un choix a été fait en vertu du paragraphe (4.1) dans sa version applicable immédiatement avant 2021 et ce choix cesse d’être valide après le 18 mars 2019 mais avant 2021 par l’effet de l’alinéa (4.2)b) dans sa version applicable immédiatement avant 2021. (4.1) [Abrogé, 2021, ch. 23, art. 33] (4.2) [Abrogé, 2021, ch. 23, art. 33] (4.3) [Abrogé, 2021, ch. 23, art. 33] Fiducie non imposable
Aucun impôt n’est à payer au titre de l’impôt de la présente partie sur son revenu imposable pour une année d’imposition, si, tout au long de la période de l’année où elle a existé, elle était régie par un régime enregistré d’épargne-invalidité. Toutefois : Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements
(iii) the trust’s income shall be computed without reference to subsection 104(6). Impôt sur le revenu
Régime enregistré d’épargne-invalidité
a) l’impôt prévu par la présente partie est à payer par la fiducie sur son revenu imposable pour l’année si elle, selon le cas : (i) emprunté de l’argent au cours de l’année, (ii) emprunté, au cours d’une année d’imposition antérieure, de l’argent qu’elle n’a pas remboursé avant le début de l’année; b) si la fiducie n’a pas d’impôt à payer ailleurs en vertu de l’alinéa a) sur son revenu imposable pour l’année et qu’elle exploite, au cours de l’année, une ou plusieurs entreprises et détient un ou plusieurs biens qui ne sont pas pour elle des placements admissibles, l’impôt prévu par la présente partie est à payer par la fiducie sur le montant que représenterait son revenu imposable pour l’année si elle n’avait tiré ni revenus ni pertes, de sources autres que les entreprises ou les biens en cause ni n’avait de gains en capital ou de pertes en capital provenant de la disposition de ces biens en cause, et à cette fin : (i) les dividendes visés à l’article 83 sont compris dans le revenu, (ii) le gain en capital imposable de la fiducie ou sa perte en capital admissible provenant de la disposition d’un bien est égal à son gain en capital ou sa perte en capital, selon le cas, provenant de la disposition, (iii) le revenu de la fiducie est calculé compte non tenu du paragraphe 104(6). Imposition des paiements d’aide à l’invalidité
Dans le cas où un paiement d’aide à l’invalidité est effectué aux termes du régime enregistré d’épargne-invalidité d’un bénéficiaire, l’excédent du montant du paiement sur sa partie non imposable est inclus : a) si le bénéficiaire est vivant au moment où le paiement est effectué, dans le calcul de son revenu pour son année d’imposition au cours de laquelle le paiement est effectué; b) sinon, dans le calcul du revenu de sa succession pour l’année d’imposition de celle-ci au cours de laquelle le paiement est effectué.
La partie non imposable d’un paiement d’aide à l’invalidité effectué à un moment donné aux termes du régime enregistré d’épargne-invalidité d’un bénéficiaire A × B/C + D where exceeds Transfer of funds Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements
exceeds Non-compliance — cessation of registered status exceeds Impôt sur le revenu
Régime enregistré d’épargne-invalidité
ministre responsable a fourni à l’émetteur du nouveau régime) qu’il est raisonnable de considérer comme étant nécessaires pour garantir la conformité du nouveau régime aux exigences de la présente loi et aux conditions et obligations imposées par la Loi canadienne sur l’épargne-invalidité; d) si le bénéficiaire a atteint 59 ans avant l’année civile au cours de laquelle le transfert se produit, l’émetteur du nouveau régime s’engage à effectuer aux termes du régime au cours de l’année, outre tout paiement d’aide à l’invalidité qui aurait été effectué par ailleurs aux termes du nouveau régime au cours de l’année, un ou plusieurs paiements d’aide à l’invalidité dont le total est égal à l’excédent de la somme visée au sous-alinéa (i) sur celle visée au sous-alinéa (ii) : (i) le montant total des paiements d’aide à l’invalidité qui auraient été à effectuer aux termes de l’ancien régime au cours de l’année d’absence du transfert, (ii) le montant total des paiements d’aide à l’invalidité effectués aux termes de l’ancien régime au cours de l’année. Aucune somme à inclure lors d’un transfert
La somme transférée conformément au paragraphe (8) n’est pas, en raison seulement du transfert, à inclure dans le calcul du revenu d’un contribuable. Non-conformité — effet
Les règles ci-après s’appliquent dans le cas où un régime enregistré d’épargne-invalidité, à un moment donné, est non conforme selon le paragraphe (11) : a) le régime cesse, à ce moment, d’être un régime enregistré d’épargne-invalidité, sauf pour l’application, à compter de ce moment, du présent paragraphe et du paragraphe (11); b) un paiement d’aide à l’invalidité est réputé avoir été fait aux termes du régime, au moment (appelé « moment considéré » au présent paragraphe) immédiatement avant ce moment donné, au bénéficiaire du régime ou, s’il est décédé au moment considéré, à sa succession, d’un montant égal à l’excédent de la somme visée au sous-alinéa (i) sur celle visée au sous-alinéa (ii) : (i) la juste valeur marchande des biens détenus par la fiducie de régime au moment considéré, (ii) le montant de retenue relatif au régime; exceeds Non-application of subsection (11) b) le manquement peut être réputé par le ministre s’être produit à un moment ultérieur; c) si le manquement consiste à verser une cotisation qui est interdite par l’un des alinéas (4)(f) à h)), qu’une somme égale au montant de la cotisation a été retirée du régime dans le délai fixé par le ministre et que le ministre a donné son approbation pour que le présent alinéa s’applique au manquement : (i) la cotisation est réputée ne jamais avoir été versée, (ii) le retrait est réputé ne pas être un paiement d’aide à l’invalidité et ne pas contrevenir à la condition énoncée à l’alinéa (4)(i); d) si le manquement consiste à ne pas mettre fin au régime dans le délai fixé à l’alinéa (4)(p) et s’est produit soit du fait que l’émetteur n’était pas au courant de l’existence de circonstances exigeant qu’il soit mis fin au régime, soit en raison d’une incertitude quant à l’existence de telles circonstances : (i) le ministre peut fixer une autre date (dans le délai nécessaire pour mettre fin au régime, lequel doit être raisonnable) à laquelle il doit être mis fin au régime, (ii) l’alinéa (4)(p) et les dispositions du régime s’appliquent, dans le cadre des alinéas (11)a) et b), comme s’ils prévoyaient qu’il devait être mis fin au régime dans le délai ainsi fixé par le ministre. Obligations de l’émetteur
L’émetteur d’un régime enregistré d’épargne-invalidité : a) dans le cas où une entité devient titulaire du régime après son établissement, en avise le ministre responsable, sur le formulaire prescrit contenant les renseignements prescrits, au plus tard le soixantième jour suivant le dernier des jours suivants : (i) le jour où l’émetteur est avisé du fait que l’entité est devenue titulaire du régime, (ii) le jour où l’émetteur obtient le numéro d’assurance sociale ou numéro d’entreprise, selon le cas, du nouveau titulaire; b) ne modifie pas le régime tant que le ministre ne l’a pas informé qu’à son avis tout régime dont les dispositions sont identiques à celles du régime modifié remplirait les conditions énoncées au paragraphe (4) s’il était établi par des entités ayant qualité pour ce faire; (d) [Repealed, 2017, c. 33, s. 58] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] — 2007, c. 35, s. 116; 2008, c. 28, s. 245; 2010, c. 12, s. 47; c. 25, s. 86; 2011, c. 15, s. 12; 2012, c. 19, s. 63; c. 31, s. 203; c. 33, s. 16; 2016, c. 36, s. 16; 2017, c. 33, s. 58; 2018, c. 12, s. 249; 2021, c. 23, s. 303; c. 26, s. 44; 2022, c. 15, s. 45; 2024, c. 17, s. 51(F). c) dans le cas où il constate que le régime est non conforme ou le deviendra vraisemblablement (cette non-conformité étant déterminée compte non tenu de l’alinéa (1)c) ni du paragraphe (12)), en avise le ministre et le ministre responsable au plus tard le trentième jour suivant cette constatation; d) [Abrogé, 2017, ch. 33, art. 58] e) ayant conclu le régime avec un membre de la famille admissible, lequel était le responsable du bénéficiaire du régime au moment de sa conclusion (ou de la conclusion d’un autre régime enregistré d’épargne-invalidité du bénéficiaire) par le seul effet de l’alinéa c) de la définition de responsable au paragraphe (1), ou lequel était un titulaire remplaçant par l’effet de l’alinéa (4)b.1) : (i) d’une part, en informe le bénéficiaire du régime sans délai dans un avis écrit comportant des renseignements concernant les circonstances dans lesquelles le titulaire du régime peut être remplacé aux termes des paragraphes (1.5) ou (1.6), (ii) d’autre part, recueille et utilise des renseignements fournis par le titulaire du régime qui sont pertinents à l’administration et au fonctionnement du régime. Responsabilité de l’émetteur
Si, après enquête raisonnable, l’émetteur d’un régime d’épargne-invalidité est d’avis qu’il y a doute quant à la capacité d’un particulier de contracter un régime d’épargne-invalidité, aucune action ne peut être intentée contre lui pour, selon le cas : a) avoir conclu le régime, dont le particulier est bénéficiaire, avec un membre de la famille admissible qui était le responsable du bénéficiaire au moment de la conclusion du régime (ou d’un autre régime enregistré d’épargne-invalidité, conclu antérieurement) par le seul effet de l’alinéa c) de la définition de responsable au paragraphe (1); b) avoir permis à un membre de la famille admissible d’acquérir des droits à titre de successeur du titulaire du régime en application de l’alinéa (4)b.1). [NOTE : Les dispositions d’application ne figurent pas dans le texte codifié; voir les lois et règlements modificatifs appropriés.] — 2007, ch. 35, art. 116; 2008, ch. 28, art. 245; 2010, ch. 12, art. 47; ch. 25, art. 86; 2011, ch. 15, art. 12; 2012, ch. 19, art. 63; ch. 31, art. 203; ch. 33, art. 16; 2016, ch. 36, art. 16; 2017, ch. 33, art. 58; 2018, ch. 12, art. 249; 2021, ch. 23, art. 303; ch. 26, art. 44; 2022, ch. 15, art. 45; 2024, ch. 17, art. 51(F). Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Advanced Life Deferred Annuity
Advanced Life Deferred Annuity Definitions (c) periodic annuity payments under the contract (d) periodic annuity payments under the contract are payable (II) increases at a rate specified in the contract, not exceeding 2% per annum, or Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Advanced Life Deferred Annuity
(B) transferred directly to (II) the carrier of a registered retirement income fund of the annuitant, Impôt sur le revenu
Rente viagère différée à un âge avancé
e) si une rente est payable au rentier et à son époux ou conjoint de fait, conjointement à titre viager, et que le rentier décède avant que les paiements commencent à être versés, les paiements versés à l’époux ou au conjoint de fait du rentier doivent, à la fois : (i) commencer au plus tard à la date où les paiements auraient commencé à être payés si le rentier était vivant, (ii) être rajustés conformément aux principes actuariels généralement reconnus si les paiements commencent à une date où ils auraient commencé si le rentier était vivant; f) la somme à payer à un ou plusieurs bénéficiaires dans le cadre du contrat après le décès du rentier — ou, dans le cas d’une rente viagère conjointe, après le dernier décès du rentier et de son époux ou conjoint de fait — doit être, à la fois : (i) versée dès que possible après le décès du rentier ou le dernier décès du rentier et de son époux ou conjoint de fait, selon le cas, (ii) ne doit pas excéder l’excédent éventuel du montant total des sommes transférées dans le cadre de l’acquisition de la rente sur le montant total des paiements de rente versés dans le cadre du contrat; g) il prévoit que tout ou partie des sommes payées pour l’acquisition de la rente peut être remboursé si les énoncés ci-après se vérifient : (i) le remboursement est versé afin de réduire le montant d’impôt que le rentier serait par ailleurs tenu de payer en vertu de la partie XI, (ii) le remboursement est : (A) soit versé au rentier, (B) soit transféré directement aux personnes suivantes : (I) l’émetteur d’un régime enregistré d’épargne-retraite du rentier, (II) l’émetteur d’un fonds enregistré de revenu de retraite du rentier, (III) l’administrateur d’un régime de pension agréé collectif dont le rentier est un participant, Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Advanced Life Deferred Annuity
(j) it does not provide for any payment under the contract except as specified in this definition. (rente viagère différée à un âge avancé) Taxable amount — death benefits Impôt sur le revenu
Rente viagère différée à un âge avancé
(IV) l’administrateur d’une disposition à cotisations déterminées d’un régime de pension agréé dont le rentier est un participant; h) s’il prévoit que l’époux ou le conjoint de fait peut demander le paiement d’un montant unique en contrepartie totale ou partielle du droit de ceux-ci aux paiements visés au sous-alinéa c)(i) par suite du décès du rentier, ce montant unique ne peut pas dépasser la valeur actualisée de ces paiements (autre qu’un montant unique) des autres paiements qui, par suite du paiement du montant unique, cessent d’être versés; i) aucun droit en vertu du contrat ne peut être cédé, grevé, assorti d’un exercice anticipé, donné en garantie ou renoncé; j) il ne prévoit aucun paiement dans le cadre d’un contrat, sauf selon la présente définition. (advanced life deferred annuity) rentier Particulier qui a acquis un contrat de rente d’un fournisseur de rentes autorisé. (annuitant) Montant imposable — paiements de rente
Les sommes (excluant les sommes décrites aux alinéas f) ou g) de la définition de rente viagère différée à un âge avancé au paragraphe (1) et incluant les sommes réputées avoir été reçues à l’alinéa (7)a)) qu’un contribuable reçoit dans une année d’imposition au titre d’une rente viagère différée à un âge avancé doivent être incluses dans le calcul du revenu du contribuable pour l’année d’imposition. Montant imposable — indemnités de décès
Les sommes visées à l’alinéa f) de la définition de rente viagère différée à un âge avancé au paragraphe (1) qu’un contribuable reçoit dans une année d’imposition au titre d’une rente viagère différée à un âge avancé en raison du décès d’un particulier doivent être incluses dans le calcul du revenu des personnes suivantes : a) le contribuable pour l’année d’imposition, s’il est : (i) soit l’époux ou le conjoint de fait du particulier, (ii) soit un enfant ou un petit-enfant du particulier qui était, immédiatement avant le décès du particulier, financièrement à la charge de celui-ci; b) le particulier pour l’année d’imposition au cours de laquelle il est décédé, dans les autres cas. Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Advanced Life Deferred Annuity
Taxation of refunds Impôt sur le revenu
Rente viagère différée à un âge avancé
Imposition des remboursements
Le montant d’un remboursement prévu à la division g)(ii)(A) de la définition de rente viagère différée à un âge avancé au paragraphe (1) qui est versé à un rentier doit être inclus dans le calcul de son revenu. Règles applicables aux sommes transférées
Lorsqu’un remboursement est effectué dans les circonstances prévues à la division g)(ii)(B) de la définition de rente viagère différée à un âge avancé au paragraphe (1) : a) il n’est pas, en raison seulement de ce paiement, inclus, par application de l’alinéa 56(1)z.5), dans le calcul du revenu d’un contribuable; b) aucune déduction ne peut être admise dans le calcul du revenu d’un contribuable en vertu d’une disposition de la présente loi relativement à ce remboursement; c) lorsqu’il est versé à un régime de pension agréé, le remboursement n’est pas réputé être une contribution pour l’application des parties LXXXIII et LXXXIV du Règlement de l’impôt sur le revenu; d) lorsqu’il est versé à un régime enregistré d’épargne-retraite ou à un régime de pension agréé collectif, le remboursement n’est pas inclus dans le calcul des primes non déduites au titre d’un REER en vertu du paragraphe 204.2(1.2). Paiement réputé à un bénéficiaire
Un montant est réputé avoir été reçu à un moment donné par le bénéficiaire (au sens du paragraphe 108(1)) de la succession d’un rentier décédé (et non par le représentant légal du rentier décédé) si les énoncés ci-après se vérifient : a) il est visé à l’alinéa f) de la définition de rente viagère différée à un âge avancé au paragraphe (1); b) il est versé au représentant légal; c) le bénéficiaire est visé à l’alinéa (3)a); d) le bénéficiaire a droit au montant en contrepartie totale ou partielle de ses droits en tant que bénéficiaire dans le cadre de la succession du rentier décédé; e) il est conjointement désigné par le représentant légal et le bénéficiaire sur le formulaire prescrit présenté au ministre. Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Advanced Life Deferred Annuity Sections 146.5-146.6 Amended contract Tax-Free First Home Savings Account Definitions A + B - C where B is $8,000 + D - (E - F) Impôt sur le revenu
Rente viagère différée à un âge avancé
Modification de contrat
Si une modification est apportée, à un moment donné, à un contrat de sorte qu’il ne remplit plus les conditions prévues à la définition de rente viagère différée à un âge avancé au paragraphe (1), les règles suivantes s’appliquent : a) le rentier visé par le contrat immédiatement avant ce moment est réputé avoir reçu, dans le cadre du contrat à ce moment, un montant égal à la juste valeur marchande de son intérêt dans le contrat à ce moment; b) le rentier est réputé avoir acquis à ce moment son intérêt dans le contrat à un coût égal à la juste valeur marchande de l’intérêt à ce moment. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2021, c. 23, art. 34. Compte d’épargne libre d’impôt pour l’achat d’une première propriété Définitions
arrangement admissible Est un arrangement admissible à un moment donné l’arrangement qui remplit les conditions suivantes : a) il est conclu après mars 2023, entre une personne (appelée « émetteur » à la présente définition) et un particulier déterminé; b) il constitue : (i) un arrangement en fiducie conclu avec un émetteur qui est une société titulaire d’une licence ou par ailleurs autorisée par la législation fédérale ou provinciale à exploiter au Canada une entreprise d’offre au public de services de fiduciaire, (ii) un contrat de rente conclu avec un émetteur qui est un fournisseur de rentes autorisé, (iii) un dépôt auprès de l’un des émetteurs suivants : (A) une personne qui est membre de l’Association canadienne des paiements ou peut le devenir, where G – H where (ii) the taxpayer has died. (plafond annuel au titre du CELIAPP) first home savings account or FHSA means an arrangement registered with the Minister that has not ceased to be a FHSA under subsection 146.6(16). (compte d’épargne libre d’impôt pour l’achat d’une première propriété ou CELIAPP) (a) $8,000, A – B where (B) une caisse de crédit qui est actionnaire ou membre d’une personne morale appelée « centrale » pour l’application de la Loi canadienne sur les paiements; c) il prévoit le versement à l’émetteur, dans le cadre de l’arrangement, de cotisations qui seront soit effectuées en contrepartie du versement par l’émetteur, dans ce cadre, de distributions au titulaire, soit utilisées, investies ou autrement appliquées de façon que l’émetteur puisse faire pareil versement au titulaire; d) il est un arrangement en vertu duquel l’émetteur, en accord avec le particulier déterminé, s’engage, au moment de la conclusion de l’arrangement, à produire auprès du ministre un choix visant à enregistrer l’arrangement à titre de CELIAPP, selon le formulaire prescrit et les modalités prescrites sous la même loi d’assurance sociale du particulier déterminé avec qui l’arrangement est conclu; e) il est conforme aux conditions énoncées au paragraphe (2) tout au long de la période commençant au moment où il est conclu et se terminant à son dénouement. (qualifying arrangement) bénéficiaire Relativement à un CELIAPP, s’entend d’un particulier (y compris une succession) ou d’un donataire reconnu qui a droit à une distribution du CELIAPP après le décès du titulaire du CELIAPP. (beneficiary) compte d’épargne libre d’impôt pour l’achat d’une première propriété ou CELIAPP Arrangement enregistré auprès du ministre qui n’a pas cessé d’être un CELIAPP en vertu du paragraphe 146.6(16). (first home savings account or FHSA) émetteur Relativement à un arrangement, la personne visée comme l’émetteur à la définition d’arrangement admissible. (issuer) habitation admissible : a) Logement situé au Canada; b) part du capital social d’une coopérative d’habitation qui confère au titulaire le droit de posséder un logement situé au Canada. Toutefois la mention d’une habitation admissible est une part visée à l’alinéa b) vaut mention, le contexte, du logement auquel cette part se rapporte. (qualifying home) montant des cotisations reporté Relativement à un contribuable pour une année d’imposition, correspond à la moindre des sommes suivantes : Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Tax-Free First Home Savings Account
(iii) the individual first makes a qualifying withdrawal from a FHSA. (période de participation maximale) exceeds (a) $ 8000; b) la somme obtenue par la formule suivante : A – B où : A représente la somme obtenue pour l’alinéa b) de la définition de plafond annuel au titre du CELIAPP pour l’année d’imposition précédente; B la somme obtenue pour l’alinéa a) de la définition de plafond annuel au titre du CELIAPP pour l’année d’imposition précédente plus la somme des cotisations que le contribuable a versées dans un CELIAPP au cours de l’année d’imposition précédente après le premier retrait admissible d’un CELIAPP par le contribuable; c) zéro, si la période de participation maximale du contribuable n’a pas commencé avant l’année d’imposition. (FHSA carryforward) montant net de transfert de REER à CELIAPP Relativement à un titulaire, à un moment donné, l’excédent éventuel du total visé à l’alinéa a) sur le total visé à l’alinéa b) : a) le total des sommes transférées en vertu de l’alinéa 146(16)(a.2), au plus tard au moment donné, à un CELIAPP du titulaire; b) le total des montants désignés par le titulaire visés à l’alinéa a) de la définition de montant désigné au paragraphe 207.01(1) au plus tard au moment donné. (net RRSP-to-FHSA transfer amount) particulier déterminé S’entend, à un moment donné, d’un particulier qui remplit les conditions suivantes : a) il réside au Canada; b) il a au moins 18 ans; c) il n’a été, à aucun moment durant l’année civile ou les quatre années civiles précédentes, occupant d’une habitation admissible (ou ce qui serait une habitation admissible si elle se trouvait au Canada) comme lieu principal de résidence ou autrement : (i) soit au particulier, (ii) soit à une personne qui est l’époux ou le conjoint de fait du particulier au moment donné. (qualifying individual) (montant net de transfert de REER à CELIAPP) période de participation maximale Relativement à un particulier, s’entend de la période qui : a) commence au moment où un particulier conclut un arrangement admissible pour la première fois; b) prend fin à la fin de l’année qui suit l’année au cours de laquelle le premier des événements ci-après se produit : (i) le 14e anniversaire de la conclusion par un particulier de leur premier arrangement admissible, (ii) le particulier atteint l’âge de 70 ans, (iii) le particulier fait un premier retrait admissible d’un CELIAPP. (maximum participation period) placement admissible S’entend au sens du paragraphe 207.01(1). (qualified investment) placement non admissible S’entend au sens du paragraphe 207.01(1). (non-qualified investment) plafond annuel au titre du CELIAPP Relativement à un contribuable pour une année d’imposition, correspond au moindre des montants suivants : a) le montant obtenu par la formule suivante : A + B − C où : A représente la somme des cotisations que le contribuable a versées dans un CELIAPP durant l’année (sauf les cotisations versées après le premier retrait admissible d’un CELIAPP par le contribuable); B : (i) zéro, si la période de participation maximale du contribuable n’a pas commencé dans une année d’imposition précédente, (ii) dans les autres cas, l’excédent du montant calculé conformément au présent alinéa pour l’année d’imposition précédente sur le plafond annuel au titre du CELIAPP pour cette année; C le total des montants désignés visés à l’alinéa b) de la définition de montant désigné au paragraphe 207.01(1) pour l’année; b) le montant obtenu par la formule suivante : 8 000 $ + D − (E − F) où : (i) the individual, or (ii) a person who is the spouse or common-law partner of the individual at the particular time. (particulier déterminé) (b) the individual D représente le montant des cotisations reporté pour l'année d'imposition; E le montant net de transfert de REER à CELIAPP du contribuable à la fin de l'année d'imposition; F le total des sommes dont chacune représente une somme calculée relativement à chacune des années d'imposition précédentes qui est : (i) zéro, si la période de participation maximale du contribuable n'a pas commencé dans l'année d'imposition précédente, (ii) dans les autres cas, la moins élevée des sommes suivantes : (A) la somme obtenue par la formule suivante : G - H où : G représente la somme obtenue pour l'élément E dans l'année d'imposition, H la somme obtenue pour l'élément F dans l'année d'imposition, (B) 8 000 $ plus le montant des cotisations reporté pour l'année d'imposition; c) zéro, si l'année d'imposition est postérieure à l'année où la période de participation maximale du contribuable a pris fin ou à l'année où le contribuable est décédé. (annual FHSA limit) retrait admissible S'entend d'un montant qu'un particulier reçoit à un moment donné à titre de prestation dans le cadre d'un CELIAPP si les conditions ci-après relativement au particulier sont remplies : a) il a présenté une demande écrite de paiement de la prestation sur le formulaire prescrit dans lequel il indique l'emplacement de l'habitation admissible qu'il a commencée à utiliser ou qu'il a l'intention de commencer à utiliser à cette fin au plus tard un an après son acquisition; b) les conditions ci-après sont remplies : (i) le particulier réside au Canada tout au long de la période qui commence au moment donné et se terminant au plus tôt entre le moment de son décès et la date à laquelle il acquiert l'habitation admissible, (ii) le particulier n'est pas propriétaire-occupant sens de l'alinéa 146.01(2)(a.1) pour la période commençant au début de la quatrième année civile titulaire Relativement à un arrangement : a) jusqu’à son décès, le particulier qui a conclu l’arrangement; b) après le décès du particulier, son survivant si ce dernier est un particulier déterminé et est désigné dans le cadre de l’arrangement à titre de titulaire remplaçant. (holder) avant le moment donné et se terminant le 31e jour précédant le moment donné; c) il a conclu une convention écrite avant le moment donné visant l’acquisition de l’habitation admissible ou sa construction avant le 1er octobre de l’année civile suivant celle de la réception du montant; d) il n’a pas acquis l’habitation admissible plus de trente jours avant le moment donné. (qualifying withdrawal) survivant Le particulier qui, immédiatement avant le décès du titulaire, était son époux ou conjoint de fait. (survivor) Conditions applicables aux arrangements admissibles
Pour l’application de l’alinéa e) de la définition d’arrangement admissible au paragraphe (1), les conditions ci-après s’appliquent : a) l’arrangement prévoit qu’il doit être géré au profit exclusif du titulaire (cet état de fait étant déterminé compte non tenu du droit d’une personne de recevoir un paiement dans le cadre de l’arrangement à des dates ultérieures au décès du titulaire ou par la suite); b) tant qu’il compte un titulaire, il ne permet pas qu’une personne qui n’est ni le titulaire ni l’émetteur de l’arrangement ait des droits relatifs au montant et au calendrier des distributions et au placement des fonds; c) il ne permet pas à une personne autre que le titulaire d’y verser des cotisations; d) il permet que des distributions soient effectuées en vue de réduire le montant d’impôt dont le titulaire est redevable par ailleurs en vertu de l’article 207.021; e) il prévoit que, sur l’ordre du titulaire, l’émetteur doit transférer tout ou partie des biens détenus dans le cadre de l’arrangement (ou une somme égale à leur valeur) à un autre CELIAPP du titulaire ou à un REER ou un FERR dont celui-ci est le rentier; (c) the trust’s income shall be computed without reference to subsection 104(6). f) s’il s’agit d’un arrangement en fiducie, il ne permet pas à la fiducie d’emprunter de l’argent ou d’autres biens pour les besoins de l’arrangement; g) il prévoit qu’il cesse d’être un CELIAPP après la fin de la période de participation maximale du titulaire; h) s’il s’agit d’un émetteur décrit au sous-alinéa b)(iii) de la définition d’arrangement admissible au paragraphe (1), l’arrangement comprend des dispositions portant que l’émetteur n’a pas le droit d’éteindre une dette ou obligation envers lui par compensation à l’aide des biens détenus en vertu de l’arrangement; i) il remplit les conditions visées par règlement. Fiducie non imposable
Aucun impôt n’est à payer en vertu de la présente partie par une fiducie régie par un CELIAPP sur son revenu imposable pour une année d’imposition. Toutefois, si, à un moment donné de l’année d’imposition, la fiducie exploite une ou plusieurs entreprises ou détient un ou plusieurs biens qui sont, pour elle, des placements non admissibles, l’impôt prévu par la présente partie est payable par la fiducie sur la somme qui correspondrait à son revenu imposable pour l’année si ses seules sources de revenu ou de perte étaient les entreprises ou ces biens et ses seuls gains en capital ou pertes en capital découlaient de la disposition de ces biens. À cette fin : a) sont compris dans le revenu les dividendes visés à l’article 83; b) le gain en capital imposable ou la perte en capital déductible de la fiducie découlant de la disposition d’un bien correspond à son gain en capital ou sa perte en capital; c) le revenu de la fiducie est calculé compte non tenu du paragraphe 104(6). Somme portée au crédit d’un dépôt (3.1) Toute somme qui est ajoutée à un dépôt qui est un CELIAPP, ou qui est portée au crédit d’un tel dépôt, à titre d’intérêts ou d’autres revenus relatifs au compte est réputée ne pas être reçue par le titulaire du compte ou toute autre personne en raison seulement de cet ajout ou de ce crédit. FHSA deduction A - B where (i) the holder of the transferor FHSA, A − B where biens détenus par un CELIAPP dans le cadre duquel le dernier titulaire du CELIAPP donné est le dernier titulaire; B l’excédent de CELIAPP (au sens du paragraphe 207.01(1)) du dernier titulaire du CELIAPP donné immédiatement avant le moment donné. Transfert libre d’impôt
Si le présent paragraphe s’applique à une somme transférée d’un CELIAPP : a) la somme n’est pas, en raison seulement du transfert, à inclure dans le calcul du revenu d’un contribuable; b) elle ne peut pas faire l’objet d’une déduction selon la présente partie dans le calcul du revenu d’un contribuable. Transfert imposable
Si une somme est transférée d’un CELIAPP à un régime ou fonds — CELIAPP, REER ou FERR — et que le paragraphe (8) ne s’applique pas à la somme transférée : a) la somme est réputée avoir été versée au titulaire du CELIAPP qui le transfère; b) le titulaire ou le rentier du régime ou fonds bénéficiaire du transfert est réputé avoir payé la somme à titre de cotisation ou de prime; c) lorsque le fonds bénéficiaire du transfert est un FERR, le rentier est réputé, pour l’application du paragraphe 146(5) et de la partie X.1, avoir payé la somme au moment du transfert à titre de prime dans le cadre d’un REER dont il est rentier (au sens du paragraphe 146(1)). Répartition du montant transféré
Lorsqu’un montant est transféré d’un CELIAPP à un autre CELIAPP, un REER ou un FERR et qu’une fraction seulement de ce montant est transférée conformément au paragraphe (7), les règles suivantes s’appliquent : a) le paragraphe (8) s’applique à cette fraction du montant; b) le paragraphe (9) s’applique au reste du montant. Garantie pour prêt
Si, au cours d’une année d’imposition, une fiducie régie par un CELIAPP utilise un bien de la fiducie à titre A − B where Successor holder de garantie d’un prêt ou en permet pareille utilisation, la juste valeur marchande du bien, au moment où il a commencé à être ainsi utilisé, est incluse dans le calcul du revenu, pour l’année, du titulaire du CELIAPP à ce moment. Recouvrement de biens utilisés comme garantie
Lorsque, au cours d’une année d’imposition, un prêt pour lequel une fiducie régie par un CELIAPP a utilisé ou permis que soient utilisés des biens de la fiducie comme garantie cesse d’exister, et que la juste valeur marchande des biens ainsi utilisés a été incluse, en vertu du paragraphe (11), dans le calcul du revenu du contribuable qui est le rentier du régime, peut être déduite, dans le calcul du revenu du contribuable pour l’année d’imposition, la somme qui obéit à la formule suivante : A − B où : A représente le montant ainsi inclus dans le calcul du revenu du contribuable par suite du fait que la fiducie a utilisé ou a permis que soient utilisés les biens comme garantie; B représente la perte nette (à l’exclusion des paiements faits par la fiducie au titre des intérêts) subie par la fiducie par suite du fait qu’elle a utilisé ou a permis que soient utilisés ces biens comme garantie du prêt et non par suite du changement de la juste valeur marchande des biens. Titulaire remplaçant
Si le titulaire d’un CELIAPP décède et qu’un survivant est désigné à titre de titulaire remplaçant, le survivant est réputé, immédiatement après le moment du décès, avoir conclu un nouvel arrangement admissible relativement au CELIAPP sauf si, selon le cas : a) le survivant est un particulier déterminé à ce moment, et, à la fois : (i) aucune cotisation ni aucun transfert n’est fait au CELIAPP par le survivant après ce moment, (ii) aucun retrait admissible n’est fait au CELIAPP après ce moment, (iii) le solde du CELIAPP est transféré au REER ou au FERR du survivant ou lui est distribué conformément au paragraphe (14), avant la fin de l’année qui suit l’année du décès; b) le survivant n’est pas un particulier déterminé à ce moment, auquel cas, le solde du CELIAPP doit être transféré au CELIAPP, au REER ou au FERR du Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Tax-Free First Home Savings Account
Arrangement ceasing to be a FHSA (i) the end of the maximum participation period of the last holder, Impôt sur le revenu
Compte d'épargne libre d'impôt pour l'achat d'une première propriété
survivant ou lui être distribué conformément au paragraphe (14), avant la fin de l'année qui suit l'année du décès. Distribution après un décès
Si, en raison du décès du titulaire d'un CELIAPP, une somme est distribuée au cours d'une année d'imposition du CELIAPP à un bénéficiaire ou pour son compte, elle doit être incluse dans le calcul du revenu du bénéficiaire pour l'année. Transfert ou distribution réputé
Si une somme est distribuée à un moment donné du CELIAPP d'un titulaire décédé au représentant légal du titulaire et qu'un survivant du titulaire a droit à la totalité ou à une partie de la somme à titre de règlement complet ou partiel de droits du survivant en tant que personne ayant un droit bénéficiaire sur la succession du titulaire, les règles suivantes s'appliquent : a) si un paiement effectué par la succession à un CELIAPP, un REER ou un FERR du survivant, le paiement est réputé être un transfert du CELIAPP dans la mesure où il est ainsi désigné conjointement par le représentant légal et le survivant dans le formulaire visé par règlement déposé auprès du ministre; b) si la succession verse un paiement au survivant, le paiement est réputé, pour l'application du paragraphe (14), être une distribution au survivant à titre de bénéficiaire dans la mesure où il est ainsi désigné conjointement par le représentant légal et le survivant dans le formulaire visé par règlement déposé auprès du ministre; c) pour l'application du paragraphe (14), la somme distribuée au représentant légal à même le CELIAPP est réputée être nette des sommes désignées aux alinéas a) et b). Arrangement cessant d’être un CELIAPP
Un arrangement déposé auprès du ministre à titre de CELIAPP cesse d’être un CELIAPP, selon le cas : a) au premier en date des moments suivants (sauf si l’alinéa b) s’applique) : (i) la fin de la période de participation maximale du dernier titulaire, (ii) la fin de l’année qui suit l’année du décès du dernier titulaire, (iii) dès que l’arrangement cesse d’être un arrangement admissible, Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Tax-Free First Home Savings Account
Rules applicable on FHSA cessation (d) if the arrangement governs a trust, Impôt sur le revenu
Compte d’épargne libre d’impôt pour l’achat d’une première propriété
(iv) dès que l’arrangement n’est pas administré conformément aux conditions prévues au paragraphe (2); b) à la date ultérieure indiquée par le ministre par écrit. Règles applicables à la cessation du CELIAPP
Si, à un moment donné, un arrangement cesse d’être un CELIAPP : a) les paragraphes (3) et (3.1) ne s’appliquent pas à l’égard de cet arrangement après le moment donné; b) si le contribuable qui était le dernier titulaire de l’arrangement immédiatement avant qu’il cesse d’être un CELIAPP n’est pas décédé au moment donné, un montant égal à la juste valeur marchande de tous les biens de l’arrangement, déterminée à ce moment, est réputée, pour l’application du paragraphe 146.6(6), être distribuée à ce moment du CELIAPP par le contribuable dans le cadre du CELIAPP; c) si le dernier titulaire est décédé au moment donné, la proportion de la juste valeur marchande de tous les biens de l’arrangement à laquelle un bénéficiaire a droit, déterminée à ce moment, est réputée, pour l’application du paragraphe 146.6(14), être distribuée à ce moment du CELIAPP au bénéficiaire; d) si l’arrangement régit une fiducie, à la fois : (i) la fiducie est réputée avoir disposé, immédiatement avant le moment donné, de chaque bien qu’elle détient pour un produit égal à la juste valeur marchande du bien immédiatement avant le moment donné, (ii) la fiducie est réputée avoir acquis, au moment donné, chacun de ces biens à un coût égal à cette juste valeur marchande, (iii) la dernière année d’imposition de la fiducie qui a commencé avant le moment donné est réputée avoir pris fin immédiatement avant le moment donné, (iv) une année d’imposition de la fiducie est réputée commencer au moment donné; e) si l’arrangement est un dépôt ou un contrat, à la fois : (i) l’arrangement est réputé avoir fait l’objet d’une disposition immédiatement avant le moment donné pour un produit égal à sa juste valeur marchande immédiatement avant le moment donné, Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Tax-Free First Home Savings Account Sections 146.6-147 Deferred Profit Sharing Plans Definitions 147 (1) In this section, Impôt sur le revenu
Compte d’épargne libre d’impôt pour l’achat d’une première propriété
(ii) si l’arrangement est un contrat de rente, il est réputé être un contrat de rente distinct établi et souscrit au moment donné autrement que dans le cadre d’un CELIAPP, (iii) chaque personne qui a un intérêt ou, pour l’application du droit civil, un droit sur le contrat de rente distinct ou le dépôt, selon le cas, au moment donné est réputée acquérir le droit à ce moment à un coût égal à sa juste valeur marchande à ce même moment. Règlement
Le gouverneur en conseil peut par règlement exiger des émetteurs de CELIAPP qu’ils produisent des déclarations de renseignements relativement aux CELIAPP. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent codification; voir les lois et règlements modificatifs applicables.] 2022, ch. 19, art. 31; 2024, ch. 15, art. 46. Régimes de participation différée aux bénéfices Définitions 147 (1) Les définitions qui suivent s’appliquent au présent article. fournisseur de rentes autorisé Personne autorisée par licence ou autrement, en vertu de la législation fédérale ou provinciale, à exploiter un commerce de rentes au Canada. (licensed annuities provider) montant perdu Montant auquel le bénéficiaire d’un régime de participation différée aux bénéfices ou d’un régime dont l’agrément a été révoqué conformément au paragraphe (14) ou (14.1) cesse d’avoir droit, sauf s’il s’agit de la partie d’un tel montant qui est payable par suite du décès du bénéficiaire à une personne qui y a droit à cause de la participation du bénéficiaire au régime. (forfeited amount) régime de participation aux bénéfices Mécanisme dans le cadre duquel un employeur fait ou a fait à un fiduciaire, au profit de ses employés actuels ou anciens, des versements calculés en fonction des bénéfices de son entreprise ou de ces bénéfices et de ceux de son entreprise et de ceux de l’entreprise à une société avec laquelle il a un lien de dépendance. (profit sharing plan) régime de participation différée aux bénéfices Régime de participation aux bénéfices que le ministre a accepté pour l’application de la présente loi, sur demande faite conformément aux modalités réglementaires par un fiduciaire du régime et par un employeur d’employés bénéficiaires du régime, comme répondant Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Deferred Profit Sharing Plans
employees of that employer. (régime de participation aux bénéfices) Impôt sur le revenu
Régimes de participation différée aux bénéfices
aux conditions du présent article. (deferred profit sharing plan) Employeur participant (1.1) L’employeur qui fait ou a fait à un fiduciaire, au profit de ses employés actuels ou anciens, des versements dans le cadre d’un régime de participation aux bénéfices est réputé participer au régime. Acceptation du régime à l’agrément
Le ministre ne peut accepter un régime de participation aux bénéfices aux fins d’agrément, pour l’application de la présente loi, à moins d’être d’avis que le régime répond aux conditions suivantes : a) le régime stipule que chaque paiement en fiducie effectué en vertu du régime à un fiduciaire au profit des bénéficiaires du régime est égal au total des sommes dont chacune doit être allouée par le fiduciaire, au cours de l’année où il la reçoit, au bénéficiaire à l’égard de qui la somme a ainsi été versée; a.1) le régime stipule que les cotisations suivantes peuvent être versées au régime : (i) les cotisations que un employeur effectue, conformément aux modalités du régime, au profit de ses employés bénéficiaires du régime, (ii) les montants transférés au régime selon le paragraphe (19); b) le régime ne prévoit pas le paiement d’une somme quelconque à un employé ou autre bénéficiaire de ce régime, sous forme de prêt; c) le régime prévoit qu’aucune partie des fonds de la fiducie régie par le régime ne peut être placée en billets, obligations, acceptations de banque ou autres titres semblables : (i) d’un employeur par lequel les paiements sont effectués en fiducie à un fiduciaire en vertu du régime au profit des bénéficiaires, (ii) d’une société avec laquelle cet employeur a un lien de dépendance; d) le régime prévoit qu’aucune partie des fonds de la fiducie régie par le régime ne peut être placée en actions d’une société dont au moins 50 % des biens consistent en billets, obligations, acceptations de banque ou titres semblables de quelque employeur ou société visés à l’alinéa c); (iii) a surrender of benefits to avoid revocation of the plan’s registration; e) le régime comporte une disposition portant que le droit d’une personne prévu au régime ne peut faire l’objet de renonciation ou de cession, sauf s’il s’agit : (i) d’une cession effectuée en vertu d’une ordonnance ou d’un jugement rendu par un tribunal compétent ou en vertu d’un accord écrit, visant à partager des biens entre un particulier et son époux ou conjoint de fait ou ex-époux ou ancien conjoint de fait, en règlement des droits découlant du mariage ou de l’union de fait ou de son échec, (ii) d’une cession effectuée par le représentant légal d’un particulier décédé, à l’occasion du règlement de la succession du particulier, (iii) d’une renonciation de prestations, en vue d’éviter le retrait de l’agrément du régime; f) le régime comporte une disposition portant que chacun des fiduciaires doit être un résident du Canada; g) le régime prévoit que, si une société titulaire d’une licence ou autrement autorisée par la législation fédérale ou provinciale à exploiter au Canada une entreprise offrant au public ses services à titre de fiduciaire n’est pas un fiduciaire en vertu du régime, au moins 3 des fiduciaires nommés en vertu du régime doivent être des particuliers; h) le régime prévoit que tous les revenus reçus, les gains en capital réalisés et les pertes en capital subies par la fiducie régie par le régime doivent obligatoirement être alloués aux bénéficiaires en vertu du régime au plus tard le 90ᵉ jour après la fin de l’année où ces revenus ont été reçus ou ces pertes ont été subies, selon le cas, dans la mesure où ils n’ont pas été alloués au cours des années précédant cette année; i) le régime prévoit que chaque montant qu’un fiduciaire attribue ou attribue de nouveau à un bénéficiaire du régime est acquis irrévocablement à ce dernier aux moments suivants : (i) dans le cas où le montant est attribué ou attribué de nouveau avant 1991, au plus tard cinq ans suivant la fin de l’année où il est attribué ou attribué de nouveau, sauf si le bénéficiaire n’est plus, à ce moment, l’employé d’aucun employeur qui participe au régime, (ii) dans les autres cas, au plus tard au dernier de la date où il est attribué ou attribué de nouveau ou du jour où le bénéficiaire complète une période de 24 mois consécutifs à titre de bénéficiaire du régime ou d’un autre régime de participation (i) to the beneficiary, or or Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Deferred Profit Sharing Plans
(ii) an amount referred to in paragraph 147(10)(b), Terms limiting contributions Impôt sur le revenu
Régimes de participation différée aux bénéfices
(A) dont le service doit commencer au plus tard à la fin de l’année dans laquelle le bénéficiaire atteint 71 ans, (B) dont l’éventuelle période de garantie ne dépasse pas 15 ans; k.1) le régime exige qu’aucun avantage ou prêt qui dépend de quelque façon de l’existence du régime ne puisse être accordé à un bénéficiaire en vertu du régime ou à une personne avec laquelle il a un lien de dépendance, sauf s’il s’agit : (i) d’un avantage dont le montant doit être inclus dans le calcul du revenu du bénéficiaire, (ii) d’un montant visé à l’alinéa (10)b), (ii.1) d’un montant payé dans le cadre du régime par un fiduciaire du régime à un fournisseur de rentes autorisé, pour acheter au bénéficiaire une rente à laquelle s’applique le sous-alinéa k)(vi) ou (19)d)(v), (iii) d’un avantage découlant d’une allocation ou réallocation visée au paragraphe (2), (iv) d’un avantage découlant de la prestation de services sur le plan de l’administration ou des placements à l’égard du régime; k.2) le régime prévoit qu’aucun particulier qui est l’une des personnes suivantes ne puisse devenir un bénéficiaire du régime : (i) une personne liée à l’employeur, (ii) une personne qui est un actionnaire déterminé de l’employeur ou d’une société liée à l’employeur, ou une personne liée à cet actionnaire déterminé, (iii) dans le cas où l’employeur est une société de personnes, une personne liée à un associé de la société de personnes, (iv) dans le cas où l’employeur est une fiducie, une personne qui est un bénéficiaire de la fiducie ou une personne liée à celui-ci; l) le régime, à tous autres égards, se conforme aux dispositions réglementaires prises par le gouverneur en conseil sur recommandation du ministre des Finances. Modalités limitant les cotisations (2.1) Le ministre ne peut accepter d’agréer un régime de participation aux bénéfices dans le cadre de la présente loi que si celui-ci prévoit des modalités de nature à veiller Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Deferred Profit Sharing Plans
Reallocation of forfeitures Capital gains determined Registration date Impôt sur le revenu
Régimes de participation différée aux bénéfices
à ce que les exigences du paragraphe (5.1) soient remplies pour chaque année civile. Prolongation du délai d’attribution (2.2) Le ministre peut, sur demande écrite, prolonger le délai prévu à l’alinéa (2)i.1) si les conditions suivantes sont réunies : a) le total des montants perdus au cours d’une année civile est plus élevé que la normale en raison de circonstances inhabituelles; b) ces montants sont attribués de nouveau, de manière équitable, à la majorité des bénéficiaires du régime. Acceptation d’un régime de participation des employés aux bénéfices, aux fins d’agrément
Le ministre ne peut accepter aux fins d’agrément, pour l’application de la présente loi, un régime de participation des employés aux bénéfices que si tous les gains en capital de la fiducie régie par le régime, avant la date de la demande d’agrément du régime, et toutes les pertes en capital de la fiducie avant cette date, ont été alloués par le fiduciaire du régime aux employés et aux autres bénéficiaires. Détermination des gains en capital
Pour l’application des paragraphes (3) et (11), le montant que peut déterminer le ministre, à la demande du fiduciaire d’une fiducie régie par un régime de participation des employés aux bénéfices, faite selon les modalités réglementaires, est réputé être le montant, selon le cas : a) des gains en capital de la fiducie ou réalisés par la fiducie régie par le régime avant la date de la demande d’agrément du régime; b) des pertes en capital de la fiducie ou subies par la fiducie avant cette date. Date d’agrément
Lorsqu’un régime de participation aux bénéfices est accepté par le ministre aux fins d’agrément à titre de régime de participation différée aux bénéfices, le régime est réputé avoir été agréé à ce titre : a) à la date de la présentation de la demande d’agrément du régime; Contribution limits b) lorsque la demande d’agrément indique une date postérieure comme date à laquelle le régime doit devenir un régime de participation différée aux bénéfices, à cette dernière date. Plafond de cotisation (5.1) Pour l’application des paragraphes (2.1) et (9) et de l’alinéa (14)c.4), un régime de participation différée aux bénéfices remplit les exigences du présent paragraphe pour une année civile, pour chaque bénéficiaire du régime et pour chaque employeur à l’égard duquel le crédit de pension réglementaire du bénéficiaire pour l’année dans le cadre du régime est supérieur à zéro, les conditions suivantes sont réunies : a) le total des crédits de pension réglementaires du bénéficiaire pour l’année dans le cadre d’un tel régime quant à l’employeur ne dépasse pas le moins élevé des montants suivants : (i) la moitié du plafond des cotisations déterminées pour l’année, (ii) 18 % du montant qui correspondrait à la rétribution du bénéficiaire, au sens du paragraphe 147.1(1), que le bénéficiaire reçoit pour l’année de l’employeur ou de tout autre employeur qui, à un moment donné de l’année, a un lien de dépendance avec l’employeur, compte non tenu de l’alinéa b) de la définition de rétribution à ce paragraphe; b) le total des crédits de pension réglementaires du bénéficiaire pour l’année dans le cadre d’un tel régime quant à l’employeur ou quant à un autre employeur qui, à un moment donné de l’année, a un lien de dépendance avec l’employeur ne dépasse pas la moitié du plafond des cotisations déterminées pour l’année; c) le total du facteur d’équivalence du bénéficiaire pour l’année quant à l’employeur et du total des montants dont chacun représente le facteur d’équivalence du bénéficiaire pour l’année quant à tout autre employeur qui, à un moment donné de l’année, a un lien de dépendance avec l’employeur ne dépasse pas le moins élevé des montants suivants : (i) le plafond des cotisations déterminées pour l’année, (ii) 18 % du total des montants dont chacun représente la rétribution, au sens du paragraphe 147.1(1), que le bénéficiaire reçoit pour l’année de l’employeur ou de tout autre employeur qui, à un moment donné de l’année, a un lien de dépendance avec l’employeur. Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Deferred Profit Sharing Plans
(5.11) [Repealed, 2013, c. 34, s. 301] Amount of employer’s contribution deductible Impôt sur le revenu
Régimes de participation différée aux bénéfices
(iv) 18 % du total de tous les montants dont chacun représente la rémunération du bénéficiaire (au sens du paragraphe 147.1(1)) pour l’année provenant de l’employeur ou de tout autre employeur visé au sous-alinéa 147(5.1)c)(ii). (5.11) [Abrogé, 2013, ch. 34, art. 301] Un régime de participation différée n’est pas un régime de participation d’employés aux bénéfices
Pour la période durant laquelle un régime est un régime de participation différée aux bénéfices, il est réputé, pour l’application de la présente loi, ne pas être un régime de participation des employés aux bénéfices. Aucun impôt tant que la fiducie est régie par le régime
Aucun impôt n’est payable en vertu de la présente partie par une fiducie sur son revenu imposable aussi longtemps qu’elle a été régie par un régime de participation différée aux bénéfices. Déduction des cotisations patronales
Sous réserve du paragraphe (9), un employeur peut déduire dans le calcul de son revenu pour une année d’imposition le total des montants dont chacun représente un montant qu’il verse, au cours de l’année ou dans les 120 jours suivant la fin de l’année, à un fiduciaire d’un régime de participation différée aux bénéfices, pour le compte de ses employés bénéficiaires du régime, dans la mesure où ce montant est versé conformément aux modalités du régime et n’est pas déduit dans le calcul de son revenu pour une année d’imposition antérieure. Limite de la déduction
Dans le cas où les exigences du paragraphe (5.1) visant un régime de participation différée aux bénéfices ne sont pas remplies pour une année civile du fait que les crédits de pension d’un bénéficiaire dans le cadre du régime à l’égard d’un employeur donné ne sont pas conformes à l’alinéa (5.1)a) ou que les crédits de pension ou les facteurs d’équivalence du bénéficiaire quant à cet employeur donné et d’autres employeurs qui ont un lien de dépendance avec cet employeur donné ne sont pas conformes aux alinéas (5.1)b) ou (5.1)c), l’employeur donné n’a droit à la déduction prévue au paragraphe (8) dans le calcul de son revenu pour une année d’imposition au titre d’un montant versé au fiduciaire du régime au cours de l’année civile que dans la mesure que le ministre permet expressément par écrit. Pour l’application du présent paragraphe, le montant versé au fiduciaire d’un régime de participation différée aux bénéfices au cours des deux premiers mois d’une année civile est réputé versé au cours de l’année précédente, dans la mesure où il est raisonnable de considérer qu’il se rapporte à cette année. No deduction exceeds Idem Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Deferred Profit Sharing Plans
A × B/C where Income on disposal of shares --- Impôt sur le revenu
Régimes de participation différée aux bénéfices
a) le fiduciaire est réputé disposer de ces actions pour un produit de disposition égal à leur coût indiqué pour la fiducie immédiatement avant que le paiement unique soit fait; b) le coût de ces actions pour le bénéficiaire est réputé correspondre à leur coût indiqué pour la fiducie immédiatement avant que le paiement unique soit fait; c) le coût de chacune de ces actions pour le bénéficiaire est réputé correspondre au montant calculé selon la formule suivante : A × B/C où : A représente le montant calculé selon l’alinéa a) pour ces actions, B la juste valeur marchande de chacune de ces actions au moment du paiement unique, et C la juste valeur marchande de toutes ces actions au moment du paiement unique; d) pour l’application de l’alinéa 60j), le coût de ces actions pour le bénéficiaire est un montant admissible pour le bénéficiaire pour l’année. Inclusion des cotisations ou montants perdus (10.3) Le bénéficiaire visé à l’alinéa (2)k.2) doit inclure dans le calcul de son revenu pour une année d’imposition le total des montants qui lui sont attribués ou réattribués au cours de l’année soit au titre des cotisations qu’un employeur a versées après le 1er décembre 1982 à un régime de participation différée aux bénéfices ou à un régime dont l’agrément a été retiré conformément au paragraphe (14) ou (14.1), soit au titre de montants perdus dans le cadre de tels régimes. Revenu à la disposition d’actions (10.4) Le contribuable qui a une action pour laquelle il a fait le choix prévu au paragraphe (10.1) doit inclure dans le calcul de son revenu, pour l’année d’imposition où, en premier, il dispose de cette action, l’échange ou cesse de résider au Canada, l’excédent éventuel de la juste valeur marchande de cette action au moment où il l’a acquise sur le coût de cette action pour lui à ce moment, calculé selon l’alinéa (10.2)c). Amended contract (10.6) [Repealed, 2007, c. 29, s. 20] (a) the total of minus (b) the total of Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Deferred Profit Sharing Plans
(iii) les sommes attribuées à l’employé ou à un autre bénéficiaire par le fiduciaire en vertu du régime, à un moment où celui-ci était un régime de participation différée aux bénéfices, relativement à une perte en capital subie par la fiducie avant 1972. Idem minus Idem
Pour l’application des paragraphes (10) et (10.1), lorsqu’une somme a été reçue, au cours d’une année d’imposition, d’un fiduciaire en vertu d’un régime de participation différée aux bénéfices par un employé ou autre bénéficiaire et que l’employé a effectué un paiement au cours de l’année ou d’une année antérieure en vertu du régime à un moment où celui-ci était un régime de participation différée aux bénéfices, le montant déterminé pour l’année, en vertu du présent paragraphe, relativement au régime et à l’égard du bénéficiaire est la fraction du total des sommes ainsi reçues pour l’année (moins tout montant déterminé pour l’année en vertu du paragraphe (11) relativement au régime et à l’égard du bénéficiaire) qui ne dépasse pas la somme obtenue en soustrayant du total visé à l’alinéa a): a) le total des sommes dont chacune a été ainsi payée par l’employé au cours de l’année ou d’une année antérieure, dans la mesure où le paiement n’était pas déductible dans le calcul du revenu de l’employé; b) le total des sommes dont chacune a été reçue par l’employé ou un autre bénéficiaire d’un fiduciaire en vertu du régime, à un moment où celui-ci était un régime de participation différée aux bénéfices, dans la mesure où elle a été incluse dans le calcul d’un montant déterminé pour une année antérieure, en vertu du présent paragraphe, relativement au régime et à l’égard de l’employé ou autre bénéficiaire. Attribution par l’employeur des biens de la fiducie
Lorsque les fonds ou biens d’une fiducie régie par un régime de participation différée aux bénéfices ont été attribués de quelque façon que ce soit à un contribuable, ou à son profit, et que le contribuable : a) un employeur qui fait des paiements en fiducie à un fiduciaire en vertu du régime; b) une société avec laquelle cet employeur a un lien de dépendance, autrement qu’en paiement ou au titre d’actions du capital-actions du contribuable achetées par la fiducie, Revocation of registration (c.2) the plan does not comply with the requirements of paragraphs 147(2)(a) to 147(2)(k) and 147(2)(l), montant ou la valeur des fonds ou biens ainsi attribués doit être incluse dans le calcul du revenu du contribuable pour l’année d’imposition du contribuable au cours de laquelle les fonds ou biens ont été ainsi attribués, à moins que ces fonds ou biens, ou une somme en remplacement de ceux-ci égale au montant ou à la valeur des fonds ou biens, n’aient été remboursés à la fiducie au cours de l’année qui suit l’année d’imposition et qu’il ne soit établi, par des événements postérieurs ou autrement, que le remboursement ne faisait pas partie d’une série d’attributions et de remboursements. Retrait d’agrément
Lorsque, à un moment donné après l’acceptation par le ministre d’un régime de participation aux bénéfices aux fins d’agrément pour l’application de la présente loi : a) le régime a été révisé ou modifié ou un nouveau régime y a été substitué, et le régime ainsi révisé ou modifié ou le nouveau régime qui y a été substitué, selon le cas, a cessé de répondre aux exigences de la présente section pour que le ministre donne son agrément à ce régime; b) une disposition du régime n’a pas été observée; c) le régime est un qui, au 1er janvier 1968 : (i) d’une part, ne répondait pas aux conditions énoncées aux alinéas (2)a), b) à h), j) et k) et 147(2)(i) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, dans sa version applicable le 1er janvier 1972, (ii) d’autre part, ne stipulait pas que les sommes détenues par la fiducie au profit des bénéficiaires en vertu du régime et qui n’avaient pas été allouées au 31 décembre 1967 devaient être allouées ou réallouées, selon le cas, avant 1969;
c.1) l’agrément du régime peut être retiré en application du paragraphe (21);
c.2) le régime ne répond pas aux conditions énoncées aux alinéas (2)a) à k) et l);
c.3) le régime ne répond pas aux conditions énoncées à l’alinéa (2)k.1) ou k.2), dans le cas où il a été agréé après mars 1983;
c.4) les exigences du paragraphe (5.1) visant le régime ne sont pas remplies pour une année civile; Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Deferred Profit Sharing Plans
(d) where paragraph 147(14)(a) applies, as of the date that the plan ceased so to comply, or any subsequent date, Idem Rules applicable to revoked plan Impôt sur le revenu
Régimes de participation différée aux bénéfices
le facteur d’équivalence d’un bénéficiaire du régime selon les modalités réglementaires de temps ou autres, le ministre peut retirer l’agrément du régime : d) lorsque s’applique l’alinéa a), à compter de la date à laquelle le régime a cessé de répondre aux conditions, ou de toute date ultérieure; e) lorsque s’applique l’alinéa b), à compter de la date à laquelle une disposition du régime n’a pas été observée, ou de toute date ultérieure; f) lorsque s’applique l’alinéa c), à compter de toute date postérieure au 1er janvier 1968; g) lorsque s’applique l’alinéa c.1), à compter de la date à laquelle l’agrément du régime devient révocable ou à compter d’une date ultérieure; h) lorsque s’applique l’alinéa c.2) ou c.3), à compter de la date à laquelle le régime ne répond pas aux conditions ou à compter d’une date ultérieure, mais pas avant le 1er janvier 1991; i) lorsque s’applique l’alinéa c.4), à compter de la fin de l’année pour laquelle les exigences du paragraphe (5.1) visant le régime ne sont pas remplies ou à compter d’une date ultérieure; j) lorsque s’applique l’alinéa c.5), à compter de la date postérieure à celle où la déclaration de renseignements doit être présentée; il doit alors en donner avis par courrier recommandé adressé à un fiduciaire du régime et à l’employeur des employés qui sont bénéficiaires du régime. Idem (14.1) Lorsque, à une date donnée après le 30 juin 1982, un avantage ou un prêt est accordé ou continue d’être accordé par suite de l’existence d’un régime de participation différée aux bénéfices et que cet avantage ou ce prêt serait interdit si le régime remplissait l’exigence relative à l’agrément visée à l’alinéa (2)k.1), le ministre peut retirer l’agrément du régime à compter de cette date ou de toute date ultérieure que précise le ministre dans un avis donné par courrier recommandé à un fiduciaire du régime et à un employeur dont les employés sont des bénéficiaires en vertu du régime. Règles consécutives au retrait du régime
Lorsque le ministre retire l’agrément d’un régime de participation différée aux bénéfices, le régime (appelé Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Deferred Profit Sharing Plans
(d) there shall be included in computing the income of a taxpayer for a taxation year Payments out of profits Impôt sur le revenu
Régimes de participation différée aux bénéfices
le « régime dont l’agrément est retiré » au présent article) est réputé, pour l’application de la présente loi, ne pas être un régime de participation différée aux bénéfices et, malgré les autres dispositions de la présente loi, les règles suivantes s’appliquent : a) le régime dont l’agrément est retiré ne peut être accepté aux fins d’agrément, pour l’application de la présente loi, ni être réputé avoir été agréé à titre de régime de participation différée aux bénéfices à un moment donné au cours d’une période d’un an à compter de la date du retrait de l’agrément du régime; b) le paragraphe (7) n’a pas pour effet d’exempter la fiducie régie par le régime de l’impôt établi par la présente partie sur le revenu imposable de la fiducie pour une année d’imposition au cours de laquelle, à un moment donné de l’année, la fiducie était régie par le régime dont l’agrément est retiré; c) aucune déduction ne peut être effectuée par un employeur dans le calcul de son revenu pour une année d’imposition relativement à une somme qu’il a payée à un fiduciaire en vertu du régime à un moment où celui-ci était un régime dont l’agrément est retiré; d) il doit être inclus dans le calcul du revenu d’un contribuable pour une année d’imposition : (i) les sommes qu’il a reçues au cours de l’année d’un fiduciaire en vertu du régime dont l’agrément est retiré et qui, en vertu du paragraphe (10), auraient été ainsi incluses si le régime dont l’agrément est retiré avait été un régime de participation différée aux bénéfices au moment où il a reçu les sommes, (ii) le montant ou la valeur de tous fonds ou biens attribués au contribuable ou à son profit au cours de l’année qui, en vertu du paragraphe (13), aurait été ainsi inclus si le régime dont l’agrément est retiré avait été un régime de participation différée aux bénéfices au moment de l’attribution des fonds ou biens; e) pour l’application de la présente loi, le régime dont l’agrément est retiré est réputé n’être ni un régime de participation des employés aux bénéfices ni une convention de retraite. Paiements sur les bénéfices
Lorsque les modalités d’un arrangement en vertu duquel un employeur effectue des paiements à un fiduciaire portent expressément que les paiements doivent être faits « sur les bénéfices », un arrangement est réputé, pour l’application du paragraphe (1), en être un qui Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Deferred Profit Sharing Plans
Interpretation of other beneficiary Transfer to RPP, RRSP or DPSP Impôt sur le revenu
Régimes de participation différée aux bénéfices
prévoit des paiements « calculés en fonction des bénéfices de son entreprise ». Définition de autre bénéficiaire
Lorsque l’expression « employé ou autre bénéficiaire » figure au présent article, relativement à un régime de participation aux bénéfices, autre bénéficiaire s’entend de toute personne, autre que l’employé, à qui une somme est ou peut devenir payable par un fiduciaire en vertu du régime par suite de paiements effectués au fiduciaire en vertu du régime au profit d’employés, y compris l’employé. Contrepartie insuffisante pour l’achat ou la vente à une fiducie
Lorsqu’une fiducie régie par un régime de participation différée aux bénéfices ou en découlant dont l’agrément est retiré : a) soit cède des biens à un contribuable en échange d’une contrepartie inférieure à la juste valeur marchande des biens au moment de l’opération, b) soit acquiert des biens d’un contribuable en échange d’une contrepartie supérieure à la juste valeur marchande des biens au moment de l’opération, la différence entre cette juste valeur marchande et la contrepartie est, à la fois : c) réputée être, pour l’application des paragraphes (10) et (15), un montant que le contribuable a reçu d’un fiduciaire du régime au moment de la cession ou de l’acquisition comme si le contribuable était un bénéficiaire du régime; d) un montant imposable selon l’article 201 pour l’année civile de la cession ou de l’acquisition du bien par la fiducie. Transferts aux RPA, aux REER ou aux RPDB
Un montant est transféré d’un régime de participation différée aux bénéfices conformément au présent paragraphe si les conditions suivantes sont réunies : a) le montant ne fait pas partie d’une série de paiements périodiques; b) le montant est transféré pour le compte d’un particulier en règlement total ou partiel de son droit aux prestations prévues par le régime, lequel particulier, selon le cas : (d) is transferred for the benefit of the individual directly (i) to a registered pension plan,
Where Registered Pension Plans Definitions actuary means a Fellow of the Canadian Institute of Actuaries; (actuaire) (b) a prescribed amount, or ancien plafond Pour chaque année civile postérieure à 2005 et antérieure à 2010, la plus élevée des sommes suivantes : a) le produit — arrêté à la dizaine, celui qui a au moins cinq à l’unité étant arrondi à la dizaine supérieure — des sommes suivantes : (i) 18 000 $, (ii) le quotient du salaire moyen pour l’année par le salaire moyen pour 2005; b) pour 2006, 18 000 $; pour chacune des années 2007, 2008 et 2009, l’ancien plafond pour l’année civile la précédent. (former limit) conjoint [Abrogée, 1994, ch. 7, ann. VIII, art. 85(2)] cotisation corrective permise S’entend d’une cotisation à un régime de pension agréé au cours d’une année civile à l’égard d’un particulier et qui est attribuable à un versement dans une ou plusieurs des dix années précédentes (chacune de ces années étant appelée « année rétroactive » à la présente définition) conformément aux modalités du régime de pension agréé ou des dispositions déterminées d’un régime de pension agréé d’un employeur remplacé (pour l’application de la présente définition, au sens du paragraphe 8500(1) du Règlement de l’impôt sur le revenu) si ce n’était d’une erreur qui a été faite d’inscrire le particulier en tant que participant ou de lui faire verser une cotisation obligatoire, dans la mesure où la cotisation ne dépasse pas la moins élevée des sommes suivantes : a) le total des sommes dont chacune représente une somme, pour une année rétroactive, obtenue par la formule suivante : A + B − C où : A représente le total des sommes dont chacune représente l’excédent d’une cotisation qui aurait dû être versée à un moment donné dans l’année rétroactive aux termes de la disposition à l’égard du particulier sur la somme versée au moment donné à l’égard du particulier, B les intérêts calculés relativement à chaque somme déterminée en application de l’élément A à un taux qui, selon le cas : (i) est exigé par la Loi de 1985 sur les normes de prestation de pension, ou une loi provinciale semblable, or (b) of the Income Tax Regulations do not exceed 50% of the total contributions made for the year; (disposition à cotisations déterminées désignée) (a) for years before 1990, nil, (b) for 1990, $11,500, (d) for 1993, $13,500, (e) for 1994, $14,500, (f) for 1995, $15,500, (h) for 2003, $15,500, (i) for 2004, $16,500, (j) for 2005, $18,000, (iii) si le sous-alinéa (i) ne s’applique pas, ne dépasse pas un taux raisonnable, C le total des cotisations antérieures à l’égard du particulier aux termes du paragraphe (20) pour l’année rétroactive; b) la somme obtenue par la formule suivante : E – F où : E représente 150 % du plafond des cotisations déterminées pour l’année civile, F le total des cotisations antérieures à l’égard du particulier en vertu du paragraphe (20) aux termes de la disposition ou autre disposition à cotisations déterminées, si l’employeur participant en vertu de la disposition ou un employeur remplacé a été un employeur participant en vertu de cette autre disposition. (permitted corrective contribution) disposition à cotisations déterminées Modalité d’un régime de pension qui : a) d’une part, prévoit la tenue pour chaque participant d’un compte distinct, crédité des cotisations versées par ou pour lui au régime, ainsi que des autres montants qui lui sont attribués, et débité des paiements faits pour lui; b) d’autre part, fixe les prestations du participant : (i) soit en fonction seulement du montant de son compte, (ii) soit conformément à un fonds RPVV, au sens du paragraphe 8506(13) du Règlement de l’impôt sur le revenu. (money purchase provision) disposition à cotisations déterminées désignée S’entend d’une disposition à cotisations déterminées d’un régime de pension agréé, au cours d’une année civile, en vertu de laquelle les cotisations totales versées pour au moins dix participants tout au long de l’année, ou en vertu de laquelle le total des cotisations pour l’année ou pour le compte d’un particulier visé aux alinéas 8515(4)a) ou b) du Règlement de l’impôt sur le revenu ne dépasse pas 50 % du total des cotisations versées pour l’année. (designated money purchase provision) disposition à prestations déterminées Modalité d’un régime de pension qui fixe les prestations du participant autrement que selon la définition de disposition à cotisations déterminées au présent paragraphe. (defined benefit provision) Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Pension Plans
(ii) the money purchase limit for the preceding year; (plafond des cotisations déterminées) (ii) provided under a VPLA fund described in subsection 8506(13) of the Income Tax Regulations; (disposition à cotisations déterminées) past service event has the meaning assigned by regulation; (fait lié aux services passés) employer participant Employeur qui cotise ou est tenu de cotiser à un régime de pension pour ses employés actuels ou anciens, ou qui leur verse ou est tenu de leur verser des sommes provenant du régime, y compris les employeurs visés par règlement. (participating employer) fait lié aux services passés S’entend au sens du règlement. (past service event) mesure des gains Correspond, pour un mois : a) aux traitements et salaires hebdomadaires moyens de l’ensemble des industries au Canada au cours de ce mois, tels que les publie Statistique Canada en vertu de la Loi sur la statistique; b) si les données relatives à l’ensemble des industries cessent d’être publiées, à telle autre mesure, prescrite par règlement pris en application du Régime de pensions du Canada pour l’application de l’alinéa 18(5)b) de cette loi, des traitements et salaires hebdomadaires moyens pour ce mois. (wage measure) montant unique Montant qui ne fait pas partie d’une série de paiements périodiques. (single amount) participant Particulier qui a le droit, immédiat ou futur, absolu ou conditionnel, de recevoir les prestations prévues par un régime de pension, sauf si ce droit découle uniquement de la participation au régime d’un autre particulier. (member) plafond des cotisations déterminées Correspond, pour les années civiles ci-après, aux montants suivants : a) années précédant 1990: zéro; b) 1990: 11 500 $; c) 1991 et 1992: 12 500 $; d) 1993: 13 500 $; e) 1994: 14 500 $; f) 1995: 15 500 $; g) années postérieures à 1995 et antérieures à 2003: 13 500 $; h) 2003: 15 500 $; i) 2004: 16 500 $; j) 2005: 18 000 $. Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Pension Plans
A + B - C where E - F where k) 2006, 19 000 $ ou, s’il est plus élevé, l’ancien plafond pour l’année; l) 2007, 20 000 $ ou, s’il est plus élevé, l’ancien plafond pour l’année; m) 2008, 21 000 $ ou, s’il est plus élevé, l’ancien plafond pour l’année; n) 2009, 22 000 $ ou, s’il est plus élevé, l’ancien plafond pour l’année; o) chaque année postérieure à 2009, la plus élevée des sommes suivantes : (i) le produit — arrêté à la dizaine, celui qui a au moins cinq à l’unité étant arrondi à la dizaine supérieure — des sommes suivantes : (A) le plafond des cotisations déterminées pour 2009, (B) le quotient du salaire moyen pour l’année par le salaire moyen pour 2009, (ii) le plafond des cotisations déterminées pour l’année précédente. (money purchase limit) régime interentreprises Pour une année civile, s’entend au sens du règlement. (multi-employer plan) régime interentreprises déterminé Pour une année civile, s’entend au sens du règlement. (specified multi-employer plan) rémunération S’entend, relativement à un particulier au service d’un employeur pour une année civile, du total des montants dont chacun représente : a) soit un montant en contrepartie duquel il exécute un travail ou occupe une charge pour l’employeur et qui est — ou serait compte non tenu de l’alinéa 81(1)a) pour son application à la Loi sur les Indiens ou à la Loi sur les missions étrangères et les organisations internationales — inclus conformément aux articles 5 ou 6 dans le calcul de son revenu pour l’année, à l’exception de la partie du montant qui, selon le cas : (i) remplit les conditions suivantes : (A) il est raisonnable de considérer qu’elle se rapporte à une période tout au long de laquelle le particulier ne résidait pas au Canada, (B) elle, selon le cas : specified multi-employer plan in a calendar year has the meaning assigned by regulation; (régime interentreprises déterminé) spouse [Repealed, 1994, c. 7, Sch. VIII, s. 85(2)] (I) n’est pas imputable à l’exécution des fonctions de son emploi ou de sa charge au Canada, (II) est exonérée de l’impôt sur le revenu au Canada par l’effet d’un traité fiscal, (iii) est, en vertu de l’alinéa 8(1)o.2), déduite du calcul de son revenu pour l’année; b) soit un montant prescrit; c) soit un montant, jugé acceptable par le ministre, qu’il a reçu d’un autre employeur à titre de rémunération pour une période de l’année tout au long de laquelle il ne résidait pas au Canada, dans la mesure où ce montant n’est pas inclus par ailleurs dans le total. salaire moyen Quotient de la division, pour une année civile, par 12 du total des montants dont chacun représente la mesure des gains pour un mois compris dans la période de douze mois se terminant le 30 juin de l’année civile précédente. (average wage) Agrément du régime
Les règles suivantes s’appliquent à l’agrément des régimes de pension : a) le ministre ne peut agréer un régime de pension que si les conditions suivantes sont réunies : (i) l’administrateur du régime présente une demande d’agrément selon les modalités réglementaires, (ii) le régime est conforme aux conditions d’agrément réglementaires, (iii) une demande d’agrément a été présentée en application de la Loi de 1985 sur les normes de prestation de pension ou d’une loi provinciale semblable, dans le cas où ces textes imposent un tel agrément; b) l’agrément que le ministre donne à un régime présenté pour agrément avant 1992 est en vigueur à compter du jour que le ministre précise par écrit; c) l’agrément que le ministre donne à un régime présenté pour agrément après 1991 est en vigueur à compter du dernier en date des jours suivants : (i) le 1er janvier de l’année civile où l’administrateur du régime présente la demande d’agrément selon les modalités réglementaires, Administrator Obligations of administrator
The administrator of a registered pension plan shall Pension adjustment limits Conditions supplémentaires
Le ministre peut assujettir les régimes de pension agréés à de justes conditions supplémentaires, qu’il s’agisse de ces régimes en général, d’une catégorie de régimes ou d’un régime en particulier. Administrateur
Pour chaque régime de pension agréé, un administrateur — personne résidant au Canada ou organisme dont la majorité des membres y résident, sauf permission contraire écrite du ministre — est, en définitive, responsable de la gestion du régime. Obligations de l’administrateur
L’administrateur d’un régime de pension agréé : a) gère le régime tel qu’il est agréé; toutefois, si le régime n’est pas conforme aux conditions d’agrément réglementaires ou aux autres exigences de la présente loi ou des règlements, il peut gérer comme si le régime avait été modifié à façon à être conforme; b) avant juillet 1990, si sa désignation est effective le 1er janvier 1989 ou intervient avant juin 1990, ou dans les trente jours suivant sa désignation dans les autres cas, informe par écrit le ministre de ses nom et adresse ou, le cas échéant, de ceux de ses membres; c) dans le cas où un changement intervient dans les renseignements visés au présent alinéa ou à l’alinéa b), en informe le ministre par écrit dans les soixante jours suivant le changement. Limites applicables au facteur d’équivalence
Sauf disposition contraire du règlement, l’agrément d’un régime de pension agréé, à l’exception d’un régime interentreprises, peut être retiré à la fin d’une année civile postérieure à 1990 dans les cas suivants : a) le facteur d’équivalence d’un participant pour l’année quant à un employeur participant dépasse le moins élevé des montants suivants : (i) le plafond des cotisations déterminées pour l’année, (b) the total of Past service benefits and Revocation of registration — notice of intention atteste au préalable par écrit que les conditions réglementaires sont remplies; b) dans le cas où le participant est décédé avant ce moment et où le fait s’est réalisé avant son décès : (i) soit le présent paragraphe n’interdisait pas la prise en compte du fait dans le calcul des prestations qui étaient payables au participant immédiatement avant son décès (ou qui auraient été ainsi payables si le participant avait eu le droit de recevoir des prestations dans le cadre de la disposition immédiatement avant son décès), (ii) soit le ministre juge le fait acceptable dans la mesure où il influe sur les prestations prévues pour chaque particulier qui a droit aux prestations du fait du décès du participant; c) dans le cas où le participant est décédé avant le moment donné et où le fait s’est réalisé après son décès, le ministre juge le fait acceptable dans la mesure où il influe sur les prestations prévues pour chaque particulier qui a droit aux prestations du fait du décès du participant; d) aucun fait de service passé antérieur au fait en question n’a, par l’application du présent paragraphe, pour effet d’interdire la prise en compte, à ce moment, d’un fait lié aux services passés antérieur au fait en question dans le calcul des prestations du participant. Pour l’application du présent paragraphe aux cotisations qui peuvent être versées à un régime de pension agréé, le fait par le ministre de ne pas avoir refusé de délivrer l’attestation demandée vaut délivrance. Avis d’intention de retirer l’agrément
Lorsque l’une des situations suivantes se produit après que le ministre a agréé un régime de pension : a) le régime n’est pas conforme aux conditions d’agrément réglementaires; b) le régime n’est pas géré tel qu’il est agréé; c) l’agrément du régime peut être retiré; d) une condition (y compris une condition applicable de façon générale aux régimes de pension agréés en général ou à une catégorie de régimes avec une condition (e) a requirement under subsection 147.1(6) or 147.1(7) is not complied with, (j) where paragraph 147.1(11)(a) applies, the plan failed to so comply, imposée pour la première fois avant 1989) que le ministre a imposée au régime par écrit n’est pas respectée; e) une des exigences énoncées aux paragraphes (6) ou (7) n’est pas respectée; f) des prestations sont payées par le régime ou des cotisations y sont versées contrairement au paragraphe (10); g) l’administrateur ne présente pas de déclaration de renseignements ou de rapport actuariel concernant le régime ou un participant à celui-ci selon les modalités réglementaires de temps ou autres; h) un employeur participant ne présente pas de déclaration de renseignements concernant le régime ou un participant à celui-ci selon les modalités réglementaires de temps ou autres; i) l’agrément du régime aux termes de la Loi de 1985 sur les normes de prestation de pension ou d’une loi provinciale semblable est refusé ou retiré, le ministre peut — appelé avis d’intention au présent paragraphe et au paragraphe (12) —, envoyé en recommandé, qu’il entend retirer l’agrément du régime à la date précisée dans l’avis d’intention, qui ne peut être antérieure aux dates suivantes : j) si l’alinéa a) s’applique, la date où le régime cesse d’être conforme; k) si l’alinéa b) s’applique, la date où le régime n’est plus géré tel qu’il est agréé; l) si l’alinéa c) s’applique, la date où l’agrément du régime peut être retiré; m) si l’alinéa d) ou e) s’applique, la date où la condition ou l’exigence n’est pas respectée; n) si l’alinéa f) s’applique, la date où les paiements ou versements ont été effectués; o) si l’alinéa g) ou h) s’applique, la date fixée pour la présentation; p) si l’alinéa i) s’applique, la date du refus ou du retrait. Avis de retrait de l’agrément
Le ministre peut, s’il envoie un avis d’intention à l’administrateur d’un régime de pension agréé ou si Revocation of registration celui-ci lui demande par écrit de retirer l’agrément, informer l’administrateur par avis — appelé « avis de retrait » au présent paragraphe et au paragraphe (13) — envoyé en recommandé, du retrait de l’agrément du régime à compter de la date précisée dans l’avis de retrait, qui ne peut être antérieure à celle précisée dans l’avis d’intention ou dans la demande de l’administrateur. L’avis de retrait est envoyé aux dates suivantes : a) si l’administrateur demande au ministre par écrit de retirer l’agrément du régime, une date donnée postérieure à la réception de la demande de l’administrateur; b) dans les autres cas, 30 jours après la mise à la poste de l’avis d’intention. Retrait de l’agrément
L’agrément d’un régime de pension agréé est retiré à compter de la date précisée dans l’avis de retrait, sauf ordonnance contraire de la Cour d’appel fédérale ou de l’un de ses juges sur demande formulée avant qu’il ne soit statué sur tout appel interjeté selon le paragraphe 172(3). Anti-évitement : régimes interentreprises
Dans le cas où le ministre avise, par écrit, les administrateurs de plusieurs régimes de pension agréés que le présent paragraphe s’applique à ces régimes pour une année civile, les règles suivantes s’appliquent : a) chaque régime qui est un régime interentreprises déterminé au cours de l’année est réputé, pour l’application du paragraphe (9) — sauf pour le calcul du crédit de pension visé aux alinéas (9)a) et b) — être un régime interentreprises mais non un régime interentreprises déterminé; b) les totaux déterminés pour l’année selon les alinéas (9)a) et b) sont calculés comme s’il s’agissait d’un régime unique. Régime tel qu’il est agréé
Dans la présente loi et dans son règlement, toute mention d’un régime de pension tel qu’il est agréé s’entend des modalités du régime pour lesquelles le ministre s’est fondé pour agréer le régime pour l’application de la présente loi, ainsi que des modifications suivantes apportées à ces modalités : Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Pension Plans
Superintendent of Financial Institutions Impôt sur le revenu
Régimes de pension agréés
a) celles qu’il accepte par la suite; b) celles sur lesquelles il ne s’est pas prononcé mais qu’il aurait pu vraisemblablement accepter. Sont comprises parmi ces modalités celles qui ne sont pas énoncées dans les documents instituant le régime, mais qui constituent des modalités de celui-ci par l’effet de la Loi de 1985 sur les normes de prestation de pension ou d’une loi provinciale semblable. Responsabilité distincte
Toute personne membre de l’organisme administrateur d’un régime de pension agréé est assujettie aux obligations imposées aux administrateurs par la présente loi ou par son règlement comme si elle était l’administrateur du régime. Surintendant des institutions financières
Le ministre peut, pour l’application de la présente loi, demander l’avis du surintendant des institutions financières sur toute question relative aux régimes de pension. Règlements
Le gouverneur en conseil peut, par règlement : a) prévoir les conditions d’agrément des régimes de pension et autoriser le ministre à imposer des conditions supplémentaires et à renoncer à appliquer une condition réglementaire; b) prévoir dans quelles circonstances l’agrément d’un régime de pension agréé peut être retiré; c) indiquer la façon de déterminer, ou autoriser le ministre à déterminer, la fraction des prestations d’un participant à un régime de pension agréé qui se rapporte à une période donnée; d) exiger des administrateurs de régimes de pension agréés qu’ils déterminent les montants qui entrent dans le calcul des facteurs d’équivalence, facteurs d’équivalence pour services passés, facteurs d’équivalence rectifiés totaux ou autres montants liés (appelés « montants indiqués » au présent paragraphe); e) exiger que la méthode de calcul des montants indiqués soit jugée acceptable par le ministre, dans le cas où plus d’une méthode est conforme au règlement; f) autoriser le ministre à accepter ou exiger que les montants indiqués soient calculés d’une manière différente de celle prévue au règlement; Reasonable error [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 147.1; 1994, c. 7, Sch. II, s. 120(F); Sch. VIII, ss. 59, 60; c. 28, s. 166; 1997, c. 25, s. 44; 1998, c. 19, ss. 39, 173; 2003, c. 15, s. 84; 2005, c. 30, s. 11; 2013, c. 34, s. 302; c. 40, s. 64; 2023, c. 26, s. 43. Pension contributions deductible — employer contributions Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Pension Plans
(ii) under subsection 147.1(20); (b) in the case of a contribution in respect of the defined benefit provisions of a plan (other than a specified multi-employer plan), the contribution (iii) complies with subsection 147.1(10); Employer contributions — defined benefit provisions Impôt sur le revenu
Régimes de pension agréés
a) les cotisations versées aux termes de la disposition à cotisations déterminées du régime le sont pour des périodes antérieures à la fin de l’année, selon le cas : (i) conformément au régime tel qu’il est agréé, (ii) en vertu du paragraphe 147.1(20); b) les cotisations versées aux termes des dispositions à prestations déterminées du régime (à l’exception d’un régime interentreprises déterminé), à la fois : (i) sont des cotisations admissibles, (ii) servent à financer les prestations à assurer aux employés actuels ou anciens de l’employeur pour des périodes antérieures à la fin de l’année, (iii) sont conformes au paragraphe 147.1(10); c) les cotisations versées aux termes d’un régime interentreprises déterminé le sont conformément au régime tel qu’il est agréé et pour des périodes antérieures à la fin de l’année; d) les cotisations n’ont pas été déduites dans le calcul du revenu de l’employeur pour une année d’imposition antérieure. Cotisations patronales : dispositions à prestations déterminées
Pour l’application du paragraphe (1), la cotisation qu’un employeur verse à un régime de pension agréé aux termes des dispositions à prestations déterminées du régime est une cotisation admissible si elle est soit visée par règlement, soit conforme aux conditions réglementaires et versée sur le conseil d’un actuaire qui estime le versement nécessaire pour que l’actif du régime suffise à assurer le paiement des prestations prévues pour les employés actuels et anciens de l’employeur par ces dispositions du régime, tel qu’il est agréé, à la condition que le conseil remplisse les conditions suivantes : a) il est fondé sur une évaluation actuarielle qui remplit les conditions suivantes, exception faite de celles énoncées aux sous-alinéas (iii) et (iv) dans la mesure où elles sont incompatibles avec toute autre condition servant à déterminer si la cotisation est une cotisation admissible : (i) the amount of actuarial surplus in respect of the employer, and Filing of actuarial report Amount of employee’s pension contributions deductible (ii) under subsection 147.1(20); Service before 1990 while not a contributor (b) the least of exceeds (ii) under subsection 147.1(20); Rapports actuariels au ministre
La personne qui, pour l’application du paragraphe (2), demande au ministre d’approuver le conseil d’un actuaire concernant les cotisations qu’un employeur doit verser à un régime de pension agréé au titre des dispositions à prestations déterminées du régime doit remettre au ministre un rapport, établi par l’actuaire, qui contient le conseil et tous autres renseignements exigés par le ministre. Cotisations salariales déductibles
Un particulier peut déduire dans le calcul de son revenu pour une année d’imposition se terminant après 1990 le total des montants suivants : Services postérieurs à 1989 a) les cotisations (sauf celles visées par règlement) qu’il verse au cours de l’année, selon le cas : (i) à un régime de pension agréé et qui soit se rapportent à une période postérieure à 1989, soit sont des cotisations admissibles visées par règlement, dans la mesure où il les verse conformément au régime tel qu’il est agréé, (ii) en vertu du paragraphe 147.1(20); Services antérieurs à 1990 d’un non-cotisant b) le moins élevé des montants suivants : (i) l’excédent éventuel du montant visé à la division (A) sur le montant visé à la division (B) : (A) les cotisations facultatives ou les cotisations visées par règlement, qu’il a versées, au cours de l’année ou d’une année d’imposition antérieure mais après 1945, à une régime de pension agréé à l’égard d’une année antérieure à 1990, si l’année donnée comprend, en tout ou en partie, dans les services admissibles que le particulier a accomplis dans le cadre du régime et si : (I) dans le cas de cotisations que le particulier a versées avant le 28 mars 1988 ou était tenu de verser en conformité avec une convention écrite conclue avant cette date, il ne cotisait pas au régime au cours de l’année donnée, (II) dans les autres cas, il ne cotisait à aucun régime de pension agréé au cours de l’année donnée, (B) les montants déduits dans le calcul du revenu du particulier pour une année d’imposition (iii) $3,500, and ($3,500 × Y) - Z where Service before 1990 while a contributor exceeds Teachers (a) clause 147.2(4)(b)(i)(A) shall be read without reference to subclauses 147.2(4)(b)(i)(A)(I) and 147.2(4)(b)(i)(A)(II); and Deductible contributions when taxpayer dies agréé pour une année donnée antérieure à 1990 qui est comprise, en tout ou en partie, dans les services admissibles qu’il a accomplis dans le cadre du régime, (B) les montants déduits dans le calcul du revenu du particulier pour une année d’imposition antérieure au titre des cotisations incluses dans le montant calculé à la division (A), (ii) l’excédent éventuel de 3 500 $ sur le total des montants déduits en application des alinéas a) et b) dans le calcul du revenu du particulier pour l’année. Enseignants
Pour déterminer si les cotisations qu’un enseignant verse à un régime de pension agréé sont déductibles dans le calcul de son revenu pour une année d’imposition se terminant après 1990 et avant 1995 et au cours de laquelle il était au service de Sa Majesté ou d’une personne exonérée d’impôt pour l’année en vertu de l’article 149, a) il n’est pas tenu compte des subdivisions (4)(b)(i)(A)(I) et (II); b) l’élément Y au sous-alinéa (4)(b)(iii) est remplacé par ce qui suit : « Y représente le nombre d’années civiles se terminant avant 1990 comprises, en tout ou en partie, dans les services admissibles qu’il a accomplis dans le cadre d’un régime de pension agréé auquel il a versé une cotisation incluse dans le total calculé à la division (i)(A). » Cotisations déductibles au décès
Pour ce qui est du calcul du revenu d’un contribuable pour l’année d’imposition de son décès et pour l’année Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Pension Plans
(b) paragraph 147.2(4)(c) shall be read without reference to subparagraph 147.2(6)(b)(ii) and the words “the lesser of”. R.S., 1985, c. 1 (5th Supp.), s. 147.2; 1998, c. 19, s. 172; 2001, c. 17, s. 143; 2007, c. 2, s. 38; 2010, c. 12, s. 18; 2013, c. 34, s. 303; 2023, c. 26, s. 44. Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Pension Plans
Transfer — money purchase to money purchase, RRSP or RRIF Transfer — money purchase to defined benefit Transfer — defined benefit to defined benefit Transfer — defined benefit to money purchase, RRSP or RRIF (d) is transferred directly to Transfer of surplus — defined benefit to money purchase Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Pension Plans
(a) is transferred in respect of the actuarial surplus under a defined benefit provision of the plan; and Transfer — pre-1991 contributions Impôt sur le revenu
Régimes de pension agréés
a) transférée au titre du surplus actuariel afférent à une disposition à prestations déterminées du régime; b) transférée directement à un autre régime de pension agréé et attribuée à un ou plusieurs participants de ce régime aux termes d’une disposition à cotisations déterminées de ce régime. Transfert à un RPA, à un REER ou à un FERR pour le conjoint après échec du mariage
Un montant est transféré d’un régime de pension agréé conformément au présent paragraphe si les conditions suivantes sont réunies : a) il s’agit d’un montant unique dont aucune partie ne se rapporte à un surplus actuariel; b) le montant est transféré pour le compte d’un particulier qui est l’époux ou le conjoint de fait ou l’ex-époux ou l’ex-conjoint de fait d’un participant au régime et qui a le droit de recevoir le montant en vertu d’un décret, d’une ordonnance ou d’un jugement rendus par un tribunal compétent ou en vertu d’un accord écrit, relativement au partage des biens découlant des droits résultant de leur mariage ou de leur union de fait ou de son échec; c) le montant est transféré directement à l’un des régimes ou fonds suivants : (i) un autre régime de pension agréé au profit du particulier, (ii) un régime enregistré d’épargne-retraite dont le particulier est rentier au sens du paragraphe 146(1), (iii) un fonds enregistré de revenu de retraite dont le particulier est rentier au sens du paragraphe 146.3(1). Transfert : remboursement de cotisations antérieures à 1991
Un montant est transféré d’un régime de pension agréé conformément au présent paragraphe si les conditions suivantes sont réunies : a) il s’agit d’un montant unique; b) le montant est transféré pour le compte d’un participant qui a le droit de recevoir le montant à titre de remboursement des cotisations qu’il a versées (ou qui est réputé par règlement avoir versées) aux termes d’une disposition à prestations déterminées du régime avant 1991 ou à titre d’intérêts calculés à un taux raisonnable sur ces cotisations; Transfer — lump sum benefits on death Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Pension Plans
Transfer where money purchase plan replaces defined benefit plan Impôt sur le revenu
Régimes de pension agréés
relativement à une disposition à cotisations déterminées (appelée « disposition courante ») de ce régime; d) le montant est transféré en même temps que d’autres montants qui sont transférés de l’ancienne disposition à la disposition courante pour le compte d’un nombre important de participants au régime donné, sinon tous, et les prestations qui leur sont assurées aux termes de l’ancienne disposition sont remplacées par des prestations prévues par la disposition courante; e) le ministre, jugeant le transfert acceptable, en a avisé l’administrateur du régime donné par écrit. Transfert : remplacement d’un régime à prestations déterminées
Un montant est transféré d’un régime de pension agréé donné conformément au présent paragraphe si les conditions suivantes sont réunies : a) il s’agit d’un montant unique; b) le montant est transféré au titre du surplus actuariel d’une disposition à prestations déterminées du régime donné; c) le montant est transféré directement à un autre régime de pension agréé pour qu’il soit détenu relativement à une disposition à cotisations déterminées de ce régime; d) le montant est transféré en même temps que d’autres montants qui sont transférés de la disposition à prestations déterminées à la disposition à cotisations déterminées pour le compte d’un nombre important de participants au régime donné, sinon tous, et les prestations qui leur sont assurées aux termes de la disposition à prestations déterminées sont remplacées par des prestations prévues par la disposition à cotisations déterminées; e) le ministre, jugeant le transfert acceptable, en a avisé l’administrateur du régime donné par écrit. Imposition des transferts
Les montants transférés conformément à l’un des paragraphes (1) à (8) ne peuvent : a) de ce seul fait, être inclus dans le calcul du revenu d’un contribuable en application du sous-alinéa 56(1)a)(i); b) faire l’objet d’une déduction selon la présente loi dans le calcul du revenu d’un contribuable. Idem --- Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Pension Plans
Where exceeds Impôt sur le revenu
Régimes de pension agréés
(ii) ou bien la Loi de 1985 sur les normes de prestation de pension ou une loi provinciale semblable interdit de verser ce montant au particulier. Excédent de transfert
Lorsqu’un montant transféré d’un régime de pension agréé, au cours d’une année civile, pour le compte d’un participant au régime serait, compte non tenu du présent paragraphe, conforme au paragraphe (1) ou (2) et que l’agrément du régime peut être retiré à la fin de l’année à cause d’un excédent déterminé en application de l’un des alinéas 147.1(8)a) et b) et (9)a) et b) pour le participant – indépendamment du fait qu’un tel excédent soit aussi déterminé pour un autre participant –, la fraction du montant transféré qui peut raisonnablement être considérée comme découlant de montants attribués ou réattribués au participant au cours de l’année ou de revenus imputables à juste titre à ces montants est réputée ne pas avoir été transférée conformément au paragraphe (1) ou (2), selon le cas, sauf dans la mesure que le ministre prévoit expressément par écrit. Retrait des excédents transférés à un REER ou à un FERR (13.1) Le moins élevé des montants suivants est déductible dans le calcul du revenu d’un particulier pour une année d’imposition : a) l’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le total des montants représentant chacun un montant inclus, en application de la division 56(1)a)(i)(C), de l’alinéa 56(1)z.3 ou des paragraphes 146(8), (8.3) ou (12) ou 146.3(5), (5.1) ou (11), dans le calcul du revenu du particulier pour l’année, dans la mesure où il ne s’agit pas d’un retrait prescrit, (ii) le total des montants représentant chacun un montant déductible en application de l’alinéa 60l) ou du paragraphe 146(8.2) dans le calcul du revenu du particulier pour l’année; b) l’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le total des montants représentant chacun un montant qui, à la fois : exceeds
[Repealed, 1998, c. 19, s. 175(2)] NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations. 1985, c. 1 (5th Supp.), s. 147.3; 1994, c. 7, Sch. II, s. 8; 1996, c. 21, s. 45; 1998, c. 19, s. 175(2); 2000, c. 12, s. 142; 2001, c. 17, s. 144; 2013, c. 34, s. 360; 2017, c. 33, s. 89; 2021, c. 23, s. 36. RPP annuity contract
(A) est transféré à un régime enregistré d’épargne-retraite ou à un fonds enregistré de revenu de retraite, dont le particulier était rentier au sens des paragraphes 146(1) ou 146.3(1), (B) est inclus dans le calcul du revenu du particulier pour l’année ou pour une année d’imposition antérieure, (C) est réputé par les alinéas (10)b) ou c) avoir été payé par le particulier à titre de prime à un régime enregistré d’épargne-retraite, (ii) le total des montants représentant chacun un montant qui, selon le cas : (A) est déductible en application du présent paragraphe dans le calcul du revenu du particulier pour une année d’imposition antérieure, (B) a été déduit en application du paragraphe 146(5) dans le calcul du revenu du particulier pour une année d’imposition antérieure, dans la mesure où il est raisonnable de considérer que le montant se rapporte à un montant visé au sous-alinéa (13.1)b)(i). Présomption de transfert
Pour l’application du présent article et des dispositions réglementaires prises pour son application, les biens détenus relativement à un régime de pension donné qui servent à verser des prestations prévues par un autre régime de pension sont réputés avoir été transférés du régime donné à l’autre régime. Transfert de biens entre dispositions (14.1) Dans le cas où un bien détenu dans le cadre de la disposition à prestations déterminées d’un régime de pension agréé peut servir au paiement des prestations dans le cadre d’une autre semblable disposition du régime, les paragraphes (9) à (11) s’appliquent à l’opération consistant à permettre cet usage de bien comme ils s’appliqueraient si l’autre disposition faisait partie d’un autre régime de pension agréé.
[Abrogé, 1998, ch. 19, art. 175(2)] NOTE : Les dispositions d’application ne sont pas incluses dans le présent codifié; voir les lois modificatives appropriées. 1985, ch. 1 (5e suppl.), art. 147.3; 1994, ch. 7, ann. II, art. 8; 1996, ch. 21, art. 45; 1998, ch. 19, art. 175(2); 2000, ch. 12, art. 142; 2001, ch. 17, art. 144; 2013, ch. 34, art. 360; 2017, ch. 33, art. 89; 2021, ch. 23, art. 36. Contrat de rente acquis dans le cadre d’un RPA
Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Pension Plans
Amended contract
Where Impôt sur le revenu
Régimes de pension agréés
a) un particulier acquiert, en règlement total ou partiel de son droit à des prestations prévues par un régime de pension agréé, un droit dans un contrat de rente (à l’exception d’une rente viagère différée à un âge avancé) acheté d’un fournisseur de rentes autorisé, b) les droits prévus par le contrat ne diffèrent pas sensiblement de ceux prévus par le régime tel qu’il est agréé, c) la seule prime dont le contrat permet le versement au moment de l’acquisition du droit ou postérieurement est, selon le cas : (i) celle qui est versée à ce moment sur le régime ou en vertu du régime en vue d’acheter le contrat, (ii) celle qui est versée postérieurement à ce moment en vue d’acquérir d’autres prestations découlant de procédures intentées en vertu de la Loi sur la faillite et l’insolvabilité ou de la Loi sur les arrangements avec les créanciers des compagnies; d) il ne s’agit pas d’un régime à l’égard duquel le ministre peut, en vertu du paragraphe 147.1(11), donner un avis d’intention de retirer l’agrément du régime, ou le ministre renonce à appliquer le présent alinéa au contrat et en avise l’administrateur du régime par écrit; e) le particulier n’acquiert pas le droit dans le contrat par suite d’un transfert de biens du régime à un régime enregistré d’épargne-retraite ou à un fonds enregistré de revenu de retraite, les présomptions suivantes s’appliquent dans le cadre de la présente loi : f) le particulier est réputé ne pas avoir reçu de montant sur le régime ou en vertu du régime par suite de l’acquisition du droit dans le contrat; g) sauf pour l’application des articles 147.1 et 147.3, tout montant qu’un particulier reçoit au titre du contrat au moment de l’acquisition du droit ou postérieurement est réputé avoir été reçu dans le cadre du régime. Modification de contrat
Dans le cas où les conditions suivantes sont réunies : a) une modification est apportée, à un moment donné, à un contrat de rente auquel s’applique le paragraphe (1) ou l’alinéa 254a), sauf une modification ayant pour seul effet : Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Pension Plans
New contract Impôt sur le revenu
Régimes de pension agréés
(i) soit de différer le début du service de la rente au plus tard jusqu’à la fin de l’année civile dans laquelle le particulier à l’égard duquel la rente a été achetée atteint 71 ans, (ii) soit d’améliorer des prestations, prévues par le contrat de rente, à l’occasion de la démutualisation, au sens du paragraphe 139.1(1), d’une compagnie d’assurance qui est considérée, pour l’application de l’article 139.1, comme ayant été partie au contrat; b) la modification a pour effet de changer sensiblement les droits prévus par le contrat, les présomptions suivantes s’appliquent dans le cadre de la présente loi : c) chaque particulier qui a un droit dans le contrat immédiatement avant ce moment est réputé avoir reçu à ce moment, en vertu d’un régime de pension, un montant égal à la juste valeur marchande de ce droit immédiatement avant ce moment; d) le contrat, en son état modifié, est réputé être un contrat de rente distinct établi à ce moment autrement qu’en vertu ou au titre d’un régime de pension ou de retraite; e) chaque particulier qui a un droit dans le contrat de rente distinct immédiatement après ce moment est réputé l’avoir acquis à ce moment à un coût égal à sa juste valeur marchande immédiatement après ce moment. Nouveau contrat
Pour l’application de la présente loi, dans le cas où un contrat de rente (appelé « contrat initial » au présent paragraphe) auquel s’applique le paragraphe (1) ou l’alinéa 254a) est remplacé par un autre contrat, les présomptions suivantes s’appliquent : a) l’autre contrat est réputé être le même contrat que le contrat initial et en être la continuation si les droits prévus par l’autre contrat : (i) soit ne diffèrent pas sensiblement de ceux prévus par le contrat initial, (ii) soit diffèrent sensiblement de ceux prévus par le contrat initial en raison seulement de l’amélioration de prestations qu’il est raisonnable de considérer comme ayant été prévues uniquement à l’occasion de la démutualisation, au sens du paragraphe 139.1(1), d’une compagnie d’assurance qui est considérée, pour l’application de l’article 139.1, comme ayant été partie au contrat initial; Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Registered Pension Plans Sections 147.4-147.5
[Repealed, 2007, c. 29, s. 21] Definitions (d) it is reasonable to conclude that the participation in the plan of one or more participating employers occurs primarily to avoid the application of any of paragraphs (a) to (c). (régime de pension collectif désigné) Impôt sur le revenu
Régimes de pension agréés
b) dans les autres cas, chaque particulier qui a un droit dans le contrat initial immédiatement avant le remplacement est réputé avoir reçu, au moment du remplacement et en vertu d’un régime de pension, un montant égal à la juste valeur marchande du droit immédiatement avant ce moment.
[Abrogé, 2007, ch. 29, art. 21] Régimes de pension agréés collectifs Définitions
administrateur Est administrateur d’un régime de pension collectif : a) la société résidant au Canada qui est responsable de la gestion du régime et qui est autorisée en vertu de la Loi sur les régimes de pension agréés collectifs ou d’une loi provinciale semblable à agir en qualité d’administrateur d’un ou de plusieurs régimes de pension collectifs; b) l’entité désignée relativement au régime en vertu de l’article 21 de la Loi sur les régimes de pension agréés collectifs ou de toute disposition semblable d’une loi provinciale. (administrator) cotisation provenant du revenu exonéré S’entend, à l’égard d’un contribuable pour une année d’imposition, du total des sommes suivantes : a) le total des sommes dont chacune représente une cotisation que le contribuable a versée dans un régime de pension agréé collectif pour l’année qui n’est pas déductible dans le calcul de son revenu par l’effet du paragraphe (32); b) toute somme que le contribuable a désignée pour l’année aux termes du paragraphe (34) dans un formulaire prescrit qu’il présente au ministre au plus tard à la date d’échéance du produit qui lui est applicable pour l’année ou à toute date ultérieure — dans les trois années civiles suivant la fin de l’année — que le ministre estime acceptable. (exempt-income contribution amount) employeur participant Est un employeur participant à un régime de pension collectif pour une année civile l’employeur qui, au cours de l’année, selon le cas : (a) verse des cotisations au régime relativement à l’ensemble de ses employés ou anciens employés ou à une catégorie de ceux-ci; b) verse à l’administrateur du régime les cotisations que des participants au régime ont versées aux termes d’un contrat conclu avec celui-ci visant l’ensemble des employés de l’employeur ou une catégorie de ceux-ci. (participating employer) montant unique Montant qui ne fait pas partie d’une série de paiements périodiques. (single amount) participant Particulier, à l’exception d’une fiducie, qui détient un compte dans le cadre d’un régime de pension collectif. (member) participant remplaçant Particulier qui était l’époux ou le conjoint de fait d’un participant à un régime de pension collectif immédiatement avant le décès de celui-ci et qui acquiert, par suite du décès, tous les droits du participant décédé dans le cadre de celui-ci dans le régime. (successor member) placement non admissible Est un placement non admissible pour un régime de pension collectif : a) une dette d’un participant au régime; b) une action ou une dette d’une des entités ci-après ou une participation dans une de ces entités : (i) toute société, société de personnes ou fiducie dans laquelle un participant au régime a une participation notable, (ii) toute personne ou société de personnes ayant un lien de dépendance avec un participant au régime ou avec une personne ou une société de personnes visée au sous-alinéa (i); c) un intérêt ou, pour l’application du droit civil, un droit sur une action, une participation ou une dette visée aux alinéas a) ou b) ou un droit d’acquérir une telle action, participation ou dette; d) un bien visé par règlement. (restricted investment) régime de pension agréé collectif ou RPAC Régime de pension collectif que le ministre a accepté d’agréer pour l’application de la présente loi et dont l’agrément n’a pas été retiré. (pooled registered pension plan or PRPP) registration has not been revoked. (régime de pension agréé collectif ou RPAC) (i) the individual for the individual’s life, or (d) if the annuity includes a guaranteed period, requires that (survivant admissible) (d) prescribed property. (placement non admissible) A - B where B is the taxpayer’s unused RRSP deduction room at the end of the year. (somme inutilisée non déductible au titre des RPAC) (iii) elle est payable en versements égaux ou n’est pas ainsi payable en raison seulement d’un rajustement qui serait conforme à l’un des sous-alinéas 146(3)(b)(iii) à (v) s’il s’agissait d’une rente prévue par un régime d’épargne-retraite; d) si elle est payable pour une durée garantie, prévoit que : (i) cette durée n’excède pas quinze ans, (ii) en cas de décès du particulier ou de son époux ou conjoint de fait pendant cette durée, toute somme payable au titre de la rente est convertie en un paiement unique au plus tard au moment du décès de ces qui surviennent en dernier; e) ne permet pas le versement, en espèces, excepté faite de celle prévue du régime de pension agréé collectif qui est servi à acquérir la rente. (qualifying annuity) revenu gagné exonéré s’entend, à l’égard d’un contribuable pour une année d’imposition, de tout somme dont chacune représente une somme qui, à la fois : a) n’est pas incluse dans le revenu gagné, au sens du paragraphe 146(1), du contribuable pour l’année, mais se serait en l’absence de l’alinéa 81(1)a) pour son application à la Loi sur les Indiens; b) est déclarée par le contribuable dans un formulaire prescrit qu’il présente au ministre au plus tard à la date d’échéance de production qui lui est applicable pour l’année ou à toute date postérieure — dans les trois années civiles suivant la fin de l’année — que le ministre estime acceptable. (exempt earned income) somme inutilisée non déductible au titre des RPAC La somme inutilisée au titre des régimes de pension agréés collectifs d’un contribuable à la fin d’une année d’imposition, obtenue par la formule suivante : A - B où : A représente le montant des déductions inutilisées au titre des REER du contribuable à la fin de l’année, déterminé selon le paragraphe (33); B les déductions inutilisées au titre des REER du contribuable à la fin de l’année. (unused non-deductible PRPP room) Registration conditions survivant admissible Relativement à un participant à un régime de pension agréé collectif, particulier qui était, immédiatement avant le décès du participant : a) son époux ou conjoint de fait; b) son enfant ou petit-enfant financièrement à sa charge. (qualifying survivor) Conditions d’agrément
Le ministre peut accepter d’agréer un régime de pension collectif pour l’application de la présente loi. Toutefois, il n’accepte d’agréer un tel régime que si l’administrateur du régime en fait la demande selon les modalités réglementaires et que s’il est d’avis que le régime remplit les conditions suivantes : a) le régime a pour principal objet d’accepter et d’investir des cotisations afin de procurer un revenu de retraite aux participants, sous réserve des limites et autres exigences prévues par la présente loi; b) est tenu pour chaque participant un compte unique et distinct, portant le numéro d’assurance sociale du participant : (i) crédité des cotisations versées au régime relativement au participant et des revenus du régime attribués à celui-ci, (ii) débité des paiements et des distributions faits relativement au participant; c) les prestations prévues par le régime relativement à chaque participant sont déterminées uniquement par rapport au solde du compte du participant; d) tous les revenus du régime sont attribués aux participants de façon raisonnable et au moins une fois par année; e) le ministre estime que l’arrangement en vertu duquel les biens sont détenus dans le cadre du régime est acceptable; f) les droits d’une personne dans le cadre du régime ne peuvent être cédés, grevés, anticipés, donnés en garantie ou abandonnés, sauf s’il s’agit : (i) d’une cession effectuée conformément à une ordonnance ou un jugement rendu par un tribunal compétent, ou à un accord écrit, visant à partager des biens entre le participant et son époux ou conjoint de fait ou son ex-époux ou ancien conjoint (k) any prescribed conditions. Conditions applicable to PRPPs de fait en règlement des droits découlant de leur mariage ou union de fait ou de son décès, (iii) d’une cession effectuée par le représentant légal d’un particulier décédé, lors du règlement de la succession, (iii) d’une renonciation à des prestations payables à un survivant admissible d’un participant après le décès du participant, dans la mesure où elle est autorisée en vertu de la Loi sur les régimes de pension agréés collectifs ou d’une loi provinciale semblable; g) le régime exige que les sommes versées ou attribuées au compte d’un participant soient dévolues immédiatement et irrévocablement; h) le régime permet de verser à un participant une somme qui vise à réduire le montant d’impôt que celui-ci aurait à payer par ailleurs en vertu de la partie X.1; i) toute somme payable sur le compte d’un participant après son décès est versée dès que possible après le décès; j) il n’y a pas lieu de s’attendre à ce que l’agrément du régime puisse être retiré; k) toute autre condition réglementaire. Conditions applicables aux RPAC
L’agrément d’un régime de pension agréé collectif peut être retiré dès que l’un des faits ci-après s’avère : a) est versée au régime une somme autre que les suivantes : (i) une somme versée par un participant au régime, (ii) une somme versée relativement à un participant au régime par son employeur ou ancien employeur, (iii) une somme transférée au régime conformément à l’un des paragraphes (21), 146(16) et (21), 146.3(14) et (14.1), 147(19) et 147.3(1), (4) et (5) à (7); b) une cotisation est versée au régime relativement à un participant après l’année civile dans laquelle celui-ci atteint 71 ans, sauf s’il s’agit d’une des sommes suivantes : (i) la somme visée au sous-alinéa a)(iii), Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements
(ii) a return of contributions Impôt sur le revenu
Régimes de pension agréés collectifs
c) un employeur participant verse au régime pour une année civile, relativement à un participant au régime, des cotisations dont le montant excède le plafond REER pour l’année, sauf si le versement est effectué sur l’ordre du participant; d) est effectuée sur le régime une distribution autre que les suivantes : (i) un versement de prestations effectué conformément au paragraphe (5), (ii) un remboursement de cotisations effectué, selon le cas : (A) dans les circonstances où une cotisation a été versée au régime par suite d’une erreur raisonnable par un participant au régime et le remboursement de cotisations est effectué, à la personne qui a versé la cotisation, au plus tard le 31 décembre de l’année suivant l’année civile dans laquelle la cotisation a été versée, (B) afin d’éviter le retrait de l’agrément du régime, (C) afin de réduire le montant d’impôt qui serait payable par ailleurs par un participant en vertu de la partie X.1, (D) afin de satisfaire à toute exigence prévue par la présente loi; e) l’un des biens ci-après est détenu dans le cadre du régime : (i) un bien dont l’administrateur savait ou aurait dû savoir qu’il était un placement non admissible pour le régime, (ii) s’agissant d’un régime de pension collectif désigné, une action ou une dette d’un employeur participant au régime ou d’une personne ou d’une société de personnes avec laquelle un tel employeur a un lien de dépendance, ou une participation dans un tel employeur ou une telle personne ou société de personnes, ou un intérêt ou, pour l’application du droit civil, un droit sur une telle action, dette ou participation ou un droit d’acquérir une telle action, dette ou participation; Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements
Permissible benefits Impôt sur le revenu
Régimes de pension agréés collectifs
Non-paiement du minimum
L’agrément d’un régime de pension agréé collectif peut être retiré à compter du début d’une année civile si le montant total qui est distribué sur le compte d’un participant dans le cadre du régime au cours de l’année est inférieur à la somme qui correspondrait au minimum pour l’année, selon le paragraphe 8506(5) du Règlement de l’impôt sur le revenu, si le compte du participant était établi dans le cadre d’une disposition à cotisations déterminées d’un régime de pension agréé. Prestations permises
Un régime de pension collectif peut prévoir : a) le versement de prestations à un participant qui seraient visées à l’alinéa 8506(1)e.1) ou e.2) du Règlement de l’impôt sur le revenu si elles étaient prévues par une disposition à cotisations déterminées d’un régime de pension agréé; b) le versement d’un montant unique sur le compte du participant. Conditions supplémentaires
Le ministre peut assujettir les régimes de pension agréés collectifs à de justes conditions supplémentaires, qu’il s’agisse de ces régimes en général, d’une catégorie de régimes ou d’un régime en particulier. Acceptation des modifications
Le ministre ne peut accepter la modification d’un régime de pension agréé collectif que si les conditions ci-après sont réunies : a) l’administrateur du régime en fait la demande selon les modalités réglementaires; b) la modification et le régime, une fois modifié, sont conformes aux conditions d’agrément énoncées au paragraphe (2). Obligations of administrator Member’s account
For the purposes of paragraph 18(1)(u), section 60.011, subparagraph (a)(i) of the definition excluded participation ou intérêt exclu au paragraphe 128.1(10), de l’alinéa 146.8(2)b), du paragraphe 146.8(21), des alinéas 146(1)a) et b), du sous-alinéa 146(21)a)(ii), de l’alinéa b) de la définition de prime exclue au paragraphe 146.01(1), de l’alinéa c) de la définition de prime exclue au paragraphe 146.02(1), des paragraphes 146.3(14) et 147(19) à (21), des articles 147.3 et 160.2 et des alinéas 212(1)j.1) et m) ainsi que des dispositions réglementaires prises en application du paragraphe 147.1(18), le compte d’un participant dans un régime de pension agréé collectif est réputé être un régime enregistré d’épargne-retraite dont le participant est le rentier. Sommes imposables
Est incluse dans le calcul du revenu d’un contribuable pour une année d’imposition celle des sommes ci-après qui est applicable : a) si le contribuable est un participant à un régime de pension agréé collectif, le total des sommes représentant une distribution effectuée au cours de l’année à partir du compte du participant dans le cadre du régime, à l’exception d’une somme qui : (i) est incluse dans le calcul du revenu d’un autre contribuable pour l’année en application de l’alinéa b), (ii) est visée au paragraphe (22), (iii) est distribuée après le décès du participant; b) si le contribuable est un employeur participant relativement à un régime de pension agréé collectif, le total des sommes représentant chacune un remboursement de cotisations visé à la division (3)d)(ii)(A) qui est effectué au contribuable au cours de l’année. Distribution au décès — aucun participant remplaçant
En cas de décès d’un participant à un régime de pension agréé collectif et en l’absence de participant remplaçant relativement à son compte dans le cadre du régime, une somme, égale à l’excédent de la juste valeur marchande des biens détenus relativement au compte immédiatement avant le décès sur le total des sommes distribuées sur le compte qui sont visées au paragraphe (16), est réputée avoir été distribuée sur le compte immédiatement avant le décès. Distribution au décès — participant remplaçant
En cas de décès d’un participant à un régime de pension agréé collectif, les règles ci-après s’appliquent s’il y a un participant remplaçant relativement au compte du participant dans le cadre du régime : A – B where A – B where Subsection (19) not applicable b) l’excédent de la juste valeur marchande des biens détenus dans le cadre du compte immédiatement avant le décès sur le total des sommes représentant chacune : (i) la valeur de l’élément B relativement à toute distribution antérieure effectuée sur le compte, (ii) une somme distribuée sur le compte à un survivant admissible relativement au participant, ou au nom du survivant admissible, à la suite du décès du participant. Diminution de la valeur après le décès
Est déductible dans le calcul du revenu d’un participant à un régime de pension agréé collectif pour l’année d’imposition de son décès une somme n’excédant pas la somme obtenue par la formule ci-après, laquelle est déterminée une fois distribuées toutes les sommes payables sur le compte du participant dans le cadre du régime : A – B où : A représente le total des sommes représentant chacune un montant à l’égard du compte, selon le cas : a) a été incluse dans le revenu du participant en application du paragraphe (13) par l’effet du paragraphe (14), b) a été incluse dans le revenu d’un autre contribuable en application des paragraphes (16) ou (18), c) a été transférée conformément au paragraphe (21) dans les circonstances visées au sous-alinéa (21)(b)(iii); B le total des distributions effectuées sur le compte après le décès du participant. Non-application du paragraphe (19)
À moins que le ministre n’ait renoncé par écrit à appliquer le présent paragraphe à l’égard de tout ou partie de la somme déterminée au paragraphe (19) relativement au compte d’un participant dans le cadre d’un régime de pension agréé collectif, ce paragraphe ne s’applique pas si la dernière distribution sur le compte a été effectuée après la fin de l’année civile suivant l’année du décès du participant. Transfert de sommes
Une somme est transférée du compte d’un participant dans le cadre d’un régime de pension agréé collectif conformément au présent paragraphe si les conditions ci-après sont réunies : a) il s’agit d’un montant unique; Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements
(i) the individual’s account under the PRPP, (iii) a registered pension plan for the benefit of the individual, Taxation of transfers
If subsection (21) applies to an amount transferred from a member’s account under a PRPP on behalf of an individual, Impôt sur le revenu
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b) la somme est transférée en faveur d’un particulier qui : (i) est le participant, (ii) étant l’époux ou le conjoint de fait ou l’ex-époux ou l’ancien conjoint de fait du participant, a droit à la somme en vertu d’une ordonnance ou d’un jugement rendu par un tribunal compétent, ou d’un accord écrit, visant à partager des biens entre le participant et le particulier en règlement des droits découlant du mariage ou de l’union de fait ou de son échec, (iii) a droit à la somme par suite du décès du participant, dont il était l’époux ou le conjoint de fait immédiatement avant le décès; c) la somme est transférée directement : (i) dans le compte du particulier dans le cadre du régime, (ii) à un autre régime de pension agréé collectif à l’égard du particulier, (iii) à un régime de pension agréé au profit du particulier, (iv) à un régime enregistré d’épargne-retraite ou à un fonds enregistré de revenu de retraite dont le particulier est le rentier, (v) à un fournisseur de rentes autorisé en vue de l’acquisition d’une rente admissible pour le particulier, (vi) à un fournisseur de rentes autorisé pour acquérir une rente viagère différée à un âge avancé au profit du participant. Imposition des sommes transférées
La somme qui est transférée conformément au paragraphe (21) du compte d’un participant dans le cadre d’un régime de pension agréé collectif en faveur d’un particulier : a) n’est pas, en raison seulement du transfert, à inclure dans le calcul du revenu du particulier; b) ne peut faire l’objet d’une déduction dans le calcul du revenu d’un contribuable. Imposition d’une rente admissible
Si une somme est transférée conformément au paragraphe (21) en vue de l’acquisition d’une rente Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements
Notice of intent Revocation of registration Impôt sur le revenu
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admissible, est incluse, en application du présent article et non d’un autre disposition de la présente loi, dans le calcul du revenu d’un particulier pour une année d’imposition toute somme que celui-ci a reçue au cours de l’année dans le cadre de la rente ou à titre de produit provenant d’une disposition relative à la rente. Avis d’intention
Dans le cas où l’un des faits ci-après s’avère, le ministre peut informer l’administrateur d’un régime de pension agréé collectif par avis écrit (appelé « avis d’intention » aux paragraphes (25) et (26)) de son intention de retirer l’agrément du régime : a) le régime ne remplit pas les conditions d’agrément prévues au paragraphe (2); b) le régime n’est pas géré tel qu’il est agréé; c) l’agrément du régime peut être retiré; d) une condition imposée en vertu du paragraphe (6) et applicable au régime n’est pas remplie; e) l’agrément du régime en vertu de la Loi sur les régimes de pension agréés collectifs ou d’une loi provinciale semblable est refusé ou révoqué. Date du retrait
La date du retrait de l’agrément d’un régime de pension agréé collectif est précisée dans l’avis d’intention. La date ne peut être antérieure au premier en date des jours où l’un des faits mentionnés au paragraphe (24) s’avère. Avis de retrait
À tout moment après le trentième jour suivant la date de mise à la poste de l’avis d’intention à l’administrateur d’un régime de pension agréé collectif, le ministre peut informer celui-ci par avis écrit (appelé « avis de retrait » au présent paragraphe et au paragraphe (27)) que l’agrément du régime est retiré à compter de la date précisée dans l’avis de retrait. Cette date ne peut être antérieure à la date précisée dans l’avis d’intention. Retrait de l’agrément
L’agrément d’un régime de pension agréé collectif est retiré à compter de la date précisée dans l’avis de retrait, sauf ordonnance contraire de la Cour d’appel fédérale ou de l’un de ses juges sur demande formulée avant qu’il ne soit statué sur tout appel interjeté selon le paragraphe 172(3). Single employer Exempt contributions not over-contributions Designation of exempt-income contribution amount déductible dans le calcul de son revenu pour une année d’imposition. Cotisations réputées impayées (32.1) Si un participant à un RPAC ou un employeur participant relativement au RPAC a reçu, au cours d’une année d’imposition, une distribution du compte que détient le participant dans le cadre du RPAC qui est un remboursement de cotisations visé à la division 147.5(3)d)(ii)(A) ou (B), la cotisation est réputée ne pas avoir été une cotisation que le participant ou l’employeur participant, selon le cas, a versée au RPAC, dans la mesure où la cotisation n’est pas déduite dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure. Application de la partie X.1
Pour l’application de la partie X.1, par l’effet du paragraphe (11), relativement aux cotisations versées à un régime de pension agréé collectif : a) le revenu gagné, au sens du paragraphe 146(1), d’un particulier pour une année d’imposition est réputé inclure le revenu gagné exonéré pour cette année; b) la cotisation provenant du revenu gagné d’un particulier pour une année d’imposition est réputée avoir été déduite en application du paragraphe 146(5) dans le calcul du revenu du particulier pour l’année; c) l’élément D de la formule figurant à l’alinéa b) de la définition de déductions inutilisées au titre des REER au paragraphe 146(1) s’applique compte non tenu de son sous-alinéa (iv). Désignation de la cotisation provenant du revenu exonéré
Un contribuable peut désigner, à titre de cotisation provenant du revenu exonéré pour une année d’imposition, une somme n’excédant pas la moins élevée des sommes suivantes : a) sa somme inutilisée non déductible au titre des RPAC à la fin de l’année d’imposition précédente; b) le total de ses cotisations en tant que participant à un régime de pension agréé collectif pour l’année, à l’exception des cotisations auxquelles le paragraphe (32) s’applique. Règlements — pouvoirs additionnels
Le gouverneur en conseil peut, par règlement : Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Sections 147.5-148 (a) prescribing conditions applicable to administrators; (b) requiring administrators to file information returns respecting pooled pension plans; (d) generally to carry out the purposes and provisions of this Act relating to PRPPs. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: 2012, c. 31, s. 36; 2015, c. 36, s. 17; 2017, c. 33, s. 60; 2021, c. 23, s. 38; 2023, c. 6, s. 405; 2024, c. 17, s. 53.] Life Insurance Policies (a) a registered pension fund or plan, (b) a registered retirement savings plan, (d) a deferred profit sharing plan, or (e) an annuity contract if Impôt sur le revenu
Régimes de pension agréés collectifs
a) prévoir les conditions applicables aux administrateurs; b) exiger des administrateurs qu’ils produisent des déclarations de renseignements concernant les régimes de pension collectifs; c) autoriser le ministre à exiger qu’une personne lui fournisse des renseignements pour l’application des dispositions de la présente loi concernant les régimes de pension agréés collectifs; d) prendre toute autre mesure d’application des dispositions de la présente loi concernant les régimes de pension agréés collectifs. [NOTE: Les dispositions d’application ne sont pas incluses dans le texte consolidé; voir les lois et règlements modificatifs appropriés: 2012, ch. 31, art. 36; 2015, ch. 36, art. 17; 2017, ch. 33, art. 60; 2021, ch. 23, art. 38; 2023, ch. 6, art. 405; 2024, ch. 17, art. 53.] Polices d’assurance-vie Calcul du revenu du titulaire d’une police 148 (1) Dans le calcul du revenu du titulaire d’une police d’assurance pour une année d’imposition, il fait inclure, à l’égard de la disposition d’un intérêt dans une police d’assurance-vie autre qu’une police qui est, ou qui est établie en vertu de : a) un régime de pension agréé; b) un régime enregistré d’épargne-retraite; b.1) un fonds enregistré de revenu de retraite; b.2) un compte d’épargne libre d’impôt; b.3) un régime de pension agréé collectif; b.4) un CELIAPP; c) un contrat de rente à versements invariables; d) un régime de participation différée aux bénéfices; e) un contrat de rente qui répond à l’une des conditions suivantes : (i) le paiement pour le contrat est déductible, en application de l’alinéa 60l), dans le calcul du revenu du titulaire de police, (i.1) il s’agit d’une rente admissible de fiducie relativement à un contribuable, et la somme versée pour son acquisition est déductible, en application de l’alinéa 60l), dans le calcul du revenu du contribuable, Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Life Insurance Policies
Deemed proceeds of disposition
For the purposes of subsections 148(1) and 20(20) and the definition adjusted cost basis in subsection 148(9) (A) the particular amount exceeds Impôt sur le revenu
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(ii) le titulaire de police a acquis le contrat dans les circonstances déterminées au paragraphe 146(21), l’excédent éventuel du produit de disposition de son intérêt dans la police que le titulaire, le bénéficiaire ou le cessionnaire a acquis le droit de recevoir au cours de l’année sur le coût de base rajusté, pour le titulaire de la police, de cet intérêt immédiatement avant la disposition. Montant à inclure dans le calcul du revenu d’un contribuable (1.1) Dans le calcul du revenu d’un contribuable pour une année d’imposition, il faut inclure, relativement à une disposition d’intérêts dans une police d’assurance-vie visée à l’alinéa e) de la définition de disposition au paragraphe (9), l’excédent éventuel du montant d’un paiement visé à l’alinéa c) de cette définition que le contribuable a acquis le droit de recevoir pendant l’année sur le montant qui serait le coût de base rajusté, pour le contribuable, de ses intérêts dans la police immédiatement avant la disposition si, pour l’application de la définition de coût de base rajusté au paragraphe (9), le contribuable était le titulaire de la police à l’égard de ces intérêts dans la police. Présomption de produit de disposition
Pour l’application des paragraphes (1) et 20(20) et de la définition de coût de base rajusté au paragraphe (9): a) le titulaire de police qui, à un moment donné, obtient le droit de recevoir dans le cadre d’une police d’assurance-vie une somme donnée au titre ou en paiement intégral ou partiel d’une participation de police est réputé : (i) avoir disposé d’un intérêt dans la police au moment donné, (ii) avoir obtenu le droit de recevoir le produit de disposition, d’un montant égal à l’excédent éventuel du montant visé à la division (A) sur le montant visé à la division (B), (A) la somme donnée, (B) la fraction de la somme donnée qui sert, immédiatement après le moment donné, au paiement d’une prime relative à la police ou au remboursement de prêt au titre de la police, selon les modalités de celle-ci; acquise pour la dernière fois après le 1er décembre 1982 (à l’exclusion d’un contrat de rente et d’une police exonérée) ou dans un contrat de rente (à l’exclusion d’un contrat de rente viagère défini par règlement et conclu avant le 13 novembre 1981 et d’un contrat de rente prescrit par règlement), une personne dont la vie est assurée en vertu d’une telle police ou le rentier en vertu d’un tel contrat décède, le titulaire est réputé avoir disposé de son intérêt dans la police ou le contrat, selon le cas, immédiatement avant le décès; c) lorsque, à la suite d’un décès, un intérêt dans une police d’assurance-vie fait l’objet d’une disposition, en vertu de l’alinéa 148(2)b), avant fait l’objet d’une disposition, le titulaire de la police immédiatement après le décès est réputé avoir acquis cet intérêt à un coût égal au fonds accumulé relativement à cet intérêt, déterminé selon les modalités réglementaires immédiatement après le décès; d) lorsque, à un moment donné, une police d’assurance-vie, acquise pour la dernière fois après le 1er décembre 1982, ou une police d’assurance-vie à laquelle le paragraphe 12.2(9) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, s’applique en vertu de l’alinéa 12.2(9)b) de la même loi, cesse d’être une police exonérée, le titulaire de la police est réputé avoir disposé de son intérêt dans la police à ce moment pour un produit de disposition égal au fonds accumulé relativement à cet intérêt, déterminé selon les modalités réglementaires, à ce moment et avoir acquis à nouveau cet intérêt immédiatement après ce moment à un coût égal à un tel produit; e) le titulaire de police ayant un intérêt dans une police d’assurance-vie établie après 2016 qui donne lieu à un droit (du titulaire de police, du bénéficiaire ou du cessionnaire, selon le cas) de recevoir la totalité ou une partie d’un excédent visé au sous-alinéa (iv) est réputé, à un moment donné, disposer d’une partie de l’intérêt et avoir droit à un produit de disposition égal à cet excédent ou à cette partie d’excédent, selon le cas, si les énoncés ci-après s’appliquent: (i) la police est une police exonérée, (ii) une prestation de décès, au sens du paragraphe 1401(3) du Règlement de l’impôt sur le revenu, prévue par une protection, au sens prévu à l’article 310 de ce règlement pour l’application de l’article 306 de ce règlement, offerte dans le cadre de la police est versée à ce moment, --- (iii) ce versement entraîne la résiliation de la protection mais non celle de la police, (iv) le montant du bénéfice au titre de la valeur du fonds, au sens du paragraphe 1401(3) de ce règlement, versé à ce moment excède celle des sommes ci-après qui s’applique : (A) si aucun anniversaire de la police, au sens de l’article 310 de ce règlement, ne précède la date du décès du particulier dont la vie est en vertu de la protection, la somme qui serait correspond à cette date ou au premier anniversaire de la police qui suit cette date comme si la protection était encore en vigueur — relativement à l’élément B de la formule figurant au sous-alinéa 306(4)(a)(iii) de ce règlement, (B) sinon, la somme qui est déterminée — au dernier anniversaire de la police précédant la date du décès du particulier dont la vie est assurée en vertu de la protection — relativement à l’élément B de la formule figurant au sous-alinéa 306(4)(a)(iii) de ce règlement, tel que ce sous-alinéa s’applique aux fins du sous-alinéa 306(1)(b)(ii) de ce règlement. Règles spéciales concernant certaines polices
Pour l’application du présent article, lorsque les provisions d’un assureur afférentes à une police d’assurance-vie varient, en totalité ou en partie, en fonction de la juste valeur marchande d’un groupe déterminé de biens (appelé « fonds réservé » au présent paragraphe), les règles suivantes s’appliquent : a) dans le calcul du coût de base rajusté de la police : (i) une somme versée par le titulaire de la police ou pour son compte au titre de primes relatives à la police ou pour acquérir un intérêt dans la police est réputée ne pas avoir été versée, dans la mesure où l’assureur a utilisé cette somme pour acquérir des biens dans le cadre du fonds réservé, (ii) tout transfert, par l’assureur, de biens provenant du fonds réservé qui a entraîné une augmentation de la fraction de ses provisions relatives à la police et qui ne varient pas selon la juste valeur marchande du fonds réservé est réputé être une prime payée en vertu de la police par le titulaire; Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Life Insurance Policies
A × B/C where C is D − E where Impôt sur le revenu
Polices d’assurance-vie
b) le produit de disposition d’un intérêt dans la police est réputé ne pas comprendre la fraction de ce produit qui est payable sur le fonds réservé. Calcul du coût de base rajusté — cession partielle
Si un contribuable dispose (autrement que par l’effet de l’alinéa (2)a) ou selon que l’alinéa b) de la définition de disposition au paragraphe (9)) d’une partie de son intérêt dans une police d’assurance-vie (sauf un contrat de rente) acquis la dernière fois après le 1er décembre 1982 ou dans un contrat de rente, le coût de base rajusté de cette partie pour lui, immédiatement avant la disposition, correspond à la somme obtenue par la formule suivante : A × B/C où : A représente le coût de base rajusté, pour le contribuable, de son intérêt immédiatement avant la disposition; B le produit de disposition; C a) si la police est une police, sauf un contrat de rente, établie après 2016, la somme obtenue par la formule suivante : D − E où : D représente la valeur de rachat de l’intérêt dans la police immédiatement avant la disposition, E le total des sommes représentant chacune un montant payable par le contribuable, immédiatement avant la disposition, au titre d’une avance sur police dans le cadre de la police, b) dans les autres cas, le fonds accumulé à l’égard de l’intérêt du contribuable, déterminé selon les modalités réglementaires, immédiatement avant la disposition. Remboursement d’une avance sur police — cession partielle (4.01) Pour l’application de la définition de coût de base rajusté au paragraphe (9) et de l’alinéa 60s), une somme donnée est réputée être versée immédiatement avant un moment donné par le contribuable à titre de remboursement à l’égard d’une avance sur police dans le cadre d’une police d’assurance-vie si les conditions ci-après sont réunies : a) la police est établie après 2016; b) le contribuable dispose d’une partie de son intérêt dans la police à ce moment donné; (c) paragraph (a) of the definition proceeds of the disposition in subsection (9) applies to determine the proceeds of the disposition of the interest; (d) the particular amount is not b) le contribuable dispose d’une partie de son intérêt dans la police au moment donné; c) l’alinéa a) de la définition de produit de disposition au paragraphe (9) s’applique à la détermination du produit de disposition de l’intérêt; d) la somme donnée n’est : (i) ni par ailleurs un remboursement de l’avance sur police par le contribuable, (ii) ni visée au sous-alinéa (i) de l’élément C de la formule figurant à l’alinéa a) de la définition de produit de disposition au paragraphe (9); e) par suite de la disposition, le montant payable par le contribuable à l’égard de l’avance sur police est réduit de la somme donnée. Rachat de police 10/8
Le titulaire de police qui dispose, après le 20 mars 2013 et avant avril 2014, d’un intérêt dans une police 10/8 par suite du rachat, même partiel, de celle-ci peut déduire dans le calcul de son revenu pour l’année d’imposition au cours de laquelle la disposition survient une somme n’excédant pas la moins élevée des sommes suivantes : a) la partie d’une somme, incluse en application du paragraphe (1) dans le calcul de son revenu pour l’année relativement à la disposition, qui est attribuable à un compte d’investissement visé à l’alinéa b) de la définition de police 10/8 au paragraphe 248(1) relativement à la police; b) le total des sommes dont chacune représente le montant — dans la mesure où il n’a pas été inclus par ailleurs dans le calcul d’une somme selon le présent alinéa — d’un paiement effectué après le 20 mars 2013 et avant avril 2014 qui est appliqué en réduction du montant impayé d’un emprunt ou d’une avance sur police, selon le cas, visé à l’alinéa a) de la définition de police 10/8 au paragraphe 248(1) relativement à la police; c) le total des sommes dont chacune représente une somme — dans la mesure où elle n’a pas été incluse par ailleurs dans le calcul d’une somme selon le présent alinéa — à laquelle le titulaire de police a droit en raison de la disposition et qui est payée après le 20 mars 2013 et avant avril 2014 sur un compte d’investissement visé à l’alinéa b) de la définition de police 10/8 au paragraphe 248(1) relativement à la police. (ii) an amount equal to (iii) an amount equal to (A – B × C/D) × E/A where C is D is (B) si le moment de la disposition est postérieur au 21 mars 2016, la somme qui est le coût de base rajusté pour le titulaire de police de l’intérêt immédiatement avant ce moment; b) la personne qui acquiert l’intérêt par suite de la disposition est réputée l’acquérir, au moment de la disposition, à un coût égal à la somme déterminée en application de l’alinéa a) relativement à la disposition; c) dans le calcul du capital versé relatif à chaque catégorie d’actions du capital-actions d’une société à un moment donné qui correspond ou est postérieur au moment de la disposition, est à déduire la somme obtenue par la formule suivante : (A – B × C/D) × E/A où : A représente l’augmentation éventuelle, découlant de la disposition, du capital versé relatif à l’ensemble des actions du capital-actions de la société, B la somme déterminée en application de l’alinéa a) relativement à la disposition, C : (i) si une contrepartie est donnée pour l’intérêt, la juste valeur marchande au moment de la disposition de la contrepartie qui consiste en des actions du capital-actions de la société donnée pour l’intérêt, (ii) sinon, le nombre un, D : (i) si une contrepartie est donnée pour l’intérêt, la juste valeur marchande au moment de la disposition de cette contrepartie, (ii) sinon, le nombre un, E l’augmentation éventuelle, découlant de la disposition, du capital versé relatif à la catégorie d’actions, calculée compte non tenu de l’application du présent alinéa à la disposition; d) un apport de capital à une société ou société de personnes en lien avec la disposition est réputé, dans la mesure où il excède la somme visée au sous-alinéa a)(i) relativement à la disposition, ne pas entraîner d’apport de capital aux fins de l’application des alinéas 53(1)c) et e) au moment de la disposition ou à un moment postérieur; e) un surplus d’apport d’une société qui a pris naissance dans le cadre de la disposition est réputé, dans la mesure où il excède la somme visée au sous-alinéa a)(i) relativement à la disposition, ne pas constituer (A – B × A/D) × C/A where un surplus d’apport aux fins de l’application du paragraphe 84(1) au moment de la disposition ou à un moment postérieur; f) si le moment de la disposition est antérieur au 22 mars 2016, les règles ci-après s’appliquent : (i) les sous-alinéas (ii) et (iii) et les alinéas (c) à (e) ne s’appliquent relativement à la disposition que si elle est effectuée après 1999 et qu’au moins une personne dont la vie était assurée par la police avant le 22 mars 2016 est vivante à cette date, (ii) pour l’application des alinéas (c) à (e) relativement à la disposition, chaque mention de « moment de la disposition » à ces alinéas vaut mention de « début du 22 mars 2016 », (iii) si, à un moment donné qui est antérieur au 22 mars 2016, le capital versé relatif à une catégorie d’actions du capital-actions de la société a été augmenté, l’augmentation est survenue parce que la société a converti tout ou partie de son surplus d’apport en capital versé relatif à cette catégorie d’actions, le surplus d’apport a pris naissance dans le cadre de la disposition et le paragraphe 84(1) ne s’est pas appliqué de sorte que la société soit réputée avoir versé un dividende au moment donné relativement à l’augmentation, est à déduire dans le calcul du capital versé relatif à cette catégorie d’actions après le 21 mars 2016 la somme obtenue par la formule suivante : (A – B × A/D) × C/A où : A représente l’augmentation éventuelle, découlant de la conversion, du capital versé relatif à l’ensemble des actions du capital-actions de la société, calculé compte non tenu du présent alinéa dans son application à la disposition, B la somme visée au sous-alinéa (a)(i) relativement à la disposition, C l’augmentation éventuelle, découlant de la conversion, du capital versé relatif à la catégorie d’actions, calculée compte non tenu du présent alinéa dans son application à la disposition, D le montant total du surplus d’apport de la société qui a pris naissance dans le cadre de la disposition, (iv) si une contrepartie donnée pour l’intérêt comprend une action du capital-actions d’une société, que l’action (ou une action qui lui est substituée) (A - B x A/C)/D where Idem fait l’objet d’une disposition (appelée disposition d’action au présent sous-alinéa) effectuée après le 21 mars 2016 par un contribuable et que le paragraphe 84.1(1) s’applique relativement à la disposition d’action, le coût de base rajusté pour le contribuable de l’action immédiatement avant la disposition de l’action est réduit pour l’application de l’article 84.1 de la somme obtenue par la formule suivante : (A - B x A/C)/D où : A représente le total des sommes dont chacune est la juste valeur marchande au moment de la disposition d’une action de ce capital-actions donnée en contrepartie de l’intérêt, B la plus élevée de la somme déterminée en vertu du sous-alinéa 148(7)a)(i) relativement à la disposition et de la somme qui est le coût de base rajusté pour le titulaire de police de l’intérêt immédiatement avant la disposition, C la juste valeur marchande au moment de la disposition, de la contrepartie donnée pour l’intérêt, D le total des actions de ce capital-actions données en contrepartie de l’intérêt. Idem
Malgré les autres dispositions du présent article, lorsque : a) d’une part, l’intérêt du titulaire d’une police dans une police d’assurance-vie, autre qu’un contrat de rente, est transféré à l’enfant du titulaire à titre gratuit; b) d’autre part, l’enfant du titulaire ou du bénéficiaire du transfert est la personne dont la vie est assurée en vertu de la police, l’intérêt est réputé avoir fait l’objet d’une disposition par le titulaire de la police pour un produit de disposition égal au coût de base rajusté de l’intérêt pour le titulaire de la police, immédiatement avant le transfert et avoir été acquis par la personne ayant acquis l’intérêt à un coût égal à ce produit. Transfert non testamentaire au conjoint (8.1) Malgré les autres dispositions du présent article, l’intérêt d’un titulaire de police dans une police d’assurance-vie (autre qu’une police qui est un contrat de rente-vie ou qui est établie aux termes d’un régime ou d’un fonds de pension agréé) est réputé avoir fait l’objet d’une disposition par le (i) the policyholder’s spouse or common-law partner, or (iii) [Repealed, 1994, c. 7, Sch. VIII, s. 87(3)] Definitions (A + B + C + D + E + F + G + G.1) – (H + I + J + K + L + M + N + O) titulaire pour un produit égal au coût de base rajusté de l’intérêt pour lui immédiatement avant le transfert et avoir été acquis par le bénéficiaire du transfert à un coût égal à ce produit si les conditions suivantes sont remplies : a) l’intérêt est transféré à l’une des personnes suivantes : (i) l’époux ou conjoint de fait titulaire, (ii) l’ex-époux ou ancien conjoint de fait du titulaire en règlement des droits découlant de leur mariage ou union de fait, (iii) [Abrogé, 1994, ch. 7, ann. VIII, art. 87(3)] b) le titulaire et le bénéficiaire du transfert résident au Canada au moment du transfert; toutefois, un choix peut être fait dans la déclaration de revenu du titulaire produite en vertu de la présente partie pour l’année d’imposition au cours de laquelle l’intérêt est transféré pour que le présent paragraphe ne s’applique pas. Transfert à l’époux ou au conjoint de fait au décès (8.2) Malgré les autres dispositions du présent article, l’intérêt d’un titulaire de police dans une police d’assurance-vie (sauf une police qui est un régime ou un contrat visé à l’un des alinéas (1)a) à e)) qui est transféré ou distribué à l’époux ou au conjoint de fait du titulaire au décès de ce dernier est réputé, sauf choix fait dans la déclaration de revenu du titulaire pour l’année d’imposition au cours de laquelle le titulaire est décédé pour que le présent paragraphe ne s’applique pas, avoir fait l’objet d’une disposition par le titulaire immédiatement avant le décès pour un produit égal au coût de base rajusté de l’intérêt pour lui immédiatement avant le transfert et avoir été acquis par l’époux ou le conjoint de fait à un coût égal à ce produit; toutefois, un choix peut être fait dans la déclaration de revenu du titulaire produite en vertu de la présente partie pour l’année d’imposition au cours de laquelle le titulaire est décédé pour que le présent paragraphe ne s’applique pas. Définitions
Les définitions qui suivent s’appliquent au présent article et à l’alinéa 56(1)d.1) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts revisés du Canada de 1952. autorité compétente [Abrogé, 1997, ch. 25, art. 46(1)] avance sur police Avance consentie par un assureur au titulaire d’une police en conformité avec les modalités de la police d’assurance-vie. (policy loan) Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Life Insurance Policies
where E.1 – E.2 where Impôt sur le revenu
Polices d’assurance-vie
coût de base rajusté Le coût de base rajusté des intérêts que possède un titulaire dans une police d’assurance-vie, à un moment donné, correspond au montant déterminé selon la formule suivante : (A + B + C + D + E + F + G + G.1) – (H + I + J + K + L + M + N + O) où : A représente le total des montants dont chacun est le coût d’un intérêt qu’il a acquis dans la police avant ce moment, à l’exclusion d’un montant visé aux éléments B ou E; B le total des sommes représentant chacune une somme payée par lui ou pour son compte avant ce moment à titre de prime relative à la police, à l’exception des sommes visées à la division 148(2)a)(ii)(B), au sous-alinéa (iii) de l’élément C de la définition de produit de disposition au présent paragraphe ou au sous-alinéa b)(i) de cette définition; C le total des montants dont chacun est une somme relative à la disposition d’un intérêt dans la police avant ce moment et qui devait être inclus dans le calcul de son revenu ou revenu imposable gagné au Canada pour une année d’imposition; D le total des montants dont chacun est une somme relative à son intérêt dans la police et qui a été incluse, par l’application du paragraphe 12(3) ou de l’article 12.2 ou de l’alinéa 56(1).d.1) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, dans le calcul de son revenu pour une année d’imposition se terminant avant ce moment ou la fraction d’une somme qui lui a été versée à l’égard de son intérêt dans la police, assujettie à l’impôt, avant ce moment, en vertu de l’alinéa 212(1)o); E le total des sommes représentant chacune une somme relative au remboursement, avant ce moment et après le 31 mars 1978, d’une avance sur police et ne dépassant pas le montant déterminé selon la formule suivante : E.1 – E.2 où E.1 représente le total des sommes suivantes : a) le produit de disposition à l’égard de cette avance, b) si la police est établie après 2016 et, dans le cas où le moment donné de son établissement est déterminé en application du paragraphe (11), que le remboursement est Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Life Insurance Policies
effectué à ce moment ou à un moment postérieur —, la partie de l’avance ayant servi, immédiatement après l’avance, au paiement d’une prime dans le cadre de la police conformément aux modalités de la police, sauf dans la mesure où cette partie est visée à l’alinéa (i) de l’élément C de la formule figurant à l’alinéa a) de la définition de produit de disposition au présent paragraphe, c) la valeur de E de cette définition, à l’exclusion des intérêts afférents payés relativement à l’avance, E.2 le total des sommes dont chacune est une somme relative à un remboursement de l’avance qui est visé à la division (2)a)(ii)(B) ou qui est déductible en application de l’alinéa 60s) de la présente loi ou de l’alinéa 20(1)hh) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952 (dans sa version qui était applicable à cette date et à l’application de l’alinéa 148(8) de cette loi, dans sa version applicable à la période précédant le 1er avril 1978, si cela s’était appliqué) de ses intérêts dans la police à cette date; G dans le cas d’un intérêt dans un contrat de rente viagère, au sens du règlement, auquel le paragraphe 12.2(1) s’applique pour l’année d’imposition qui comprend ce moment, ou s’appliquerait si le jour anniversaire du contrat coïncidait dans l’année à un moment où le contribuable détient l’intérêt, le total des sommes dont chacune représente un gain de mortalité, au sens du règlement, déterminé par l’émetteur du contrat conformément au règlement, réalisé sur l’intérêt immédiatement avant la fin de l’année civile se terminant au cours d’une année d’imposition commençant avant ce moment, G.1 dans le cas d’un intérêt dans une police d’assurance-vie, sauf un contrat de rente, auquel le paragraphe (8.2) s’appliquait avant ce moment, le total des sommes représentant des gains de mortalité, définis par règlement et calculés selon les modalités réglementaires par la personne ayant établi la police, au titre de l’intérêt immédiatement avant la fin de l’année civile s’étant terminée dans une année d’imposition ayant commencé avant ce moment; L is [P × (Q + R + S)/T] – U where l’élément O, qui seraient déterminés à cet anniversaire pour l’application de l’article 307 du même règlement, à l’anniversaire de la police, au sens de l’article 310 du même règlement, soit le dernier en date des anniversaires de la police à survenir au plus tard au moment de la résiliation — de la valeur du fonds de la protection, au sens du paragraphe 1401(3) du même règlement, si la valeur du fonds de la protection à cet anniversaire était égale à la valeur du fonds d’une protection au moment de la résiliation, le total des montants, dont chacun est un montant relatif à une protection, au sens du paragraphe 1401(3) du même règlement, et appelé « protection donnée » au présent élément, souscrit sur une seule vie ou sur plusieurs têtes conjointement, qui seraient déterminés à cet anniversaire selon l’alinéa a) de l’élément C de la formule figurant à la définition de provision pour primes nettes au paragraphe 1401(3) du même règlement, relativement à la police pour l’application de l’article 307 du même règlement, si le bénéfice au titre de la valeur du fonds, au sens du paragraphe 1401(3) du même règlement, dans le cadre de la police, la prestation de décès prévue par chaque protection, au sens du paragraphe 1401(3) du même règlement, et la valeur du fonds de chaque protection, au sens du paragraphe 1401(3) du même règlement, à cet anniversaire, étaient égaux au bénéfice au titre de la valeur du fonds, la prestation de décès prévue par chaque protection et la valeur du fonds de chaque protection, le cas échéant, au moment de la résiliation, U le montant déterminé selon le paragraphe (4) relativement à une disposition de l’intérêt, effectuée avant ce moment par l’effet de l’alinéa (2)e), relativement au versement d’un bénéfice au titre de la valeur du fonds qui est versé relativement à la protection, au sens de l’article 310 du même (a) a surrender thereof, (d) a disposition of that interest by operation of law only, and (i) an annuity payment, versements de prestations, si, au moment de l’opération ou de l’événement, le particulier dont la vie est assurée en vertu de la police était atteint d’invalidité totale et permanente. (disposition) enfant Sont compris parmi les enfants du titulaire d’une police les enfants au sens du paragraphe 70(10). (child) intérêt Relativement à une avance sur police, s’entend au sens du paragraphe 138(12). (interest) jour anniversaire d’imposition Relativement à une police d’assurance-vie, le second jour anniversaire de la police, postérieur au 22 octobre 1968. (tax anniversary date) montant payable S’agissant du montant payable à l’égard d’une avance sur police, s’entend au sens du paragraphe 138(12). (amount payable) prime Sont compris dans la prime en vertu d’une police : a) l’intérêt versé après 1977 à un assureur sur la vie à l’égard d’une avance sur police, sauf l’intérêt déductible au cours des années d’imposition 1978 et suivantes en application des alinéas 20(1)c) et 20(1)d); b) une prime payée à l’avance en vertu de la police, dans la mesure où elle ne peut être remboursée qu’à la résiliation ou à l’annulation de la police; Le terme ne vise toutefois pas : c) la partie de toute somme versée en vertu de la police au titre d’une prestation de décès par accident, d’une prestation d’invalidité, d’un risque additionnel à la suite de l’assurance d’un risque aggravé, d’un risque additionnel relativement à la transformation d’une police temporaire en une autre police après la fin de l’année, d’un risque additionnel en vertu d’une option de règlement ou d’un risque additionnel en vertu d’une garantie d’assurabilité si, selon le cas : (i) dans le cas d’un contrat de rente, d’une police établie avant 2017 ou à l’égard de laquelle le moment donné de son établissement est déterminé en application du paragraphe (11), si l’intérêt dans la police a été acquis la dernière fois après le 1er décembre 1982, le versement est effectué après le 31 mai 1985 et, si le moment donné de l’établissement de la police est déterminé en application du paragraphe (11), avant le moment donné, (ii) si l’intérêt du particulier dans la police a été acquis la dernière fois avant le 2 décembre 1982 : (A - B) - C where Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Life Insurance Policies
(ii) immediately after the time of death in respect of an annuity contract; (produit de disposition) relevant authority [Repealed, 1997, c. 25, s. 46(1)] (b) in any other case, nil. (valeur) (iii) soit une somme qui sert, immédiatement après le moment du rachat, à payer une prime relative à la police, en conformité avec les modalités de la police; b) dans le cas d’une avance sur police consentie après le 31 mars 1978, le terme vise le moins élevé des montants suivants : (i) le montant de l’avance, à l’exclusion de la fraction de ce montant qui sert, immédiatement après que l’avance a été consentie, à payer une prime relative à la police, en conformité avec les modalités de la police, (ii) l’excédent éventuel de la valeur de rachat de la police immédiatement avant que l’avance ait été consentie sur le total des soldes impayés à ce moment de toutes les avances sur police à l’égard de la police; c) dans le cas d’un paiement visé à l’alinéa e) de la définition de disposition au présent paragraphe, le terme vise le montant d’un tel paiement; d) à l’égard d’une disposition réputée, en vertu de l’alinéa (2)b), avoir été effectuée, le terme vise le fonds accumulé relativement à l’intérêt, déterminé selon les modalités réglementaires : (i) immédiatement avant le moment du décès en ce qui concerne une police d’assurance-vie (autre qu’un contrat de rente) acquise pour la dernière fois après le 1er décembre 1982, (ii) immédiatement après le moment du décès en ce qui concerne un contrat de rente. (proceeds of the disposition) valeur La valeur, à un moment donné, d’un intérêt dans une police d’assurance-vie est : a) lorsque l’intérêt comprend un intérêt dans la valeur de rachat de la police, la somme y afférente que le titulaire de l’intérêt aurait le droit de recevoir si la police était rachetée à ce moment; b) dans les autres cas, nulle. (value) valeur de rachat La valeur de rachat d’une police d’assurance-vie, à un moment donné, est sa valeur de rachat à ce moment, calculée compte non tenu des avances sur police consenties aux termes de la police, des participations de polices (autres que des participations d’assurance libérée) payables aux termes de la police, ni des intérêts payables sur ces participations. (cash surrender value) Application of s. 12.2(11) Life annuity contracts Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Life Insurance Policies Sections 148-148.1 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 148; 1994, c. 7, Sch. II, s. 124; Sch. VIII, s. 87; 2011, c. 24, s. 13; 1997, c. 25, s. 46; 2000, c. 12, s. 142; 2006, c. 4, s. 72; 2012, c. 31, s. 35; 2013, c. 34, s. 403; 2014, c. 39, s. 52; 2016, c. 12, s. 53; 2017, c. 33, s. 61; 2022, c. 19, s. 37. Eligible Funeral Arrangements Definitions
cemetery care trust means a trust established pursuant to an Act of a province for the care and maintenance of a cemetery; (fiducie pour l’entretien d’un cimetière) Impôt sur le revenu
Polices d’assurance-vie
application aux fins du paragraphe 211.1(3)), la police est réputée être établie au moment donné si celui-ci est le premier moment après 2016 où l’assurance-vie — souscrite sur une seule tête ou sur plusieurs têtes conjointement et à l’égard de laquelle un barème particulier de taux de prime ou de frais d’assurance s’applique — est a) soit, s’il s’agit d’une assurance temporaire, convertie en une assurance-vie permanente dans le cadre de la police; b) soit, si l’assurance (à l’exception d’une assurance qui est financée au moyen d’une participation ou qui est rétablie) est médicalement souscrite après 2016 (sauf pour obtenir une réduction des taux de prime ou des frais d’assurance prévus par la police), ajoutée à la police. [NOTE : Les dispositions d’application ne font pas partie du texte codifié; voir les lois modificatives et règlements pertinents.] L.R. (1985), ch. 1 (5e suppl.), art. 148; 1994, ch. 7, ann. II, art. 124; ann. VIII, art. 87; 2011, ch. 24, art. 13; 1997, ch. 25, art. 46; 2000, ch. 12, art. 142; 2006, ch. 4, art. 72; 2012, ch. 31, art. 35; 2013, ch. 34, art. 403; 2014, ch. 39, art. 52; 2016, ch. 12, art. 53; 2017, ch. 33, art. 61; 2022, ch. 19, art. 37. Arrangements de services funéraires Définitions
arrangement de services funéraires À un moment donné, arrangement établi et administré par une personne admissible uniquement en vue du financement de services de funérailles ou de cimetière relatifs à un ou plusieurs particuliers et dont le ou les dépositaires résident au Canada au moment de l’établissement de l’arrangement, dans ce cas, a) à la fois : a) chaque versement effectué dans le cadre de l’arrangement avant le moment donné avait pour objet le financement de services de funérailles ou de cimetière à fournir à l’égard d’un particulier par une personne admissible; b) pour chacun de ces particuliers, le total des versements admissibles effectués pour le particulier dans le cadre de l’arrangement avant le moment donné ne dépasse pas le montant suivant : (i) 15 000 $, dans le cas où l’arrangement vise exclusivement des services funéraires relatifs au particulier, (ii) 20 000 $, dans le cas où l’arrangement vise exclusivement des services de cimetière relatifs au particulier, (iii) $35,000, in any other case, (iii) 35 000 $, dans les autres cas. Pour l’application de la présente définition, tout paiement, sauf la partie affectée à un fiducie pour l’entretien d’un cimetière, qui est effectué en contrepartie de l’acquisition immédiate d’un droit d’inhumation dans ou sur un bien réservé ou utilisé pour l’inhumation de restes humains ou d’un droit dans un bâtiment ou une construction où sont déposés de façon permanente des restes humains est considéré comme effectué dans le cadre d’un arrangement distinct qui n’est pas un arrangement de services funéraires. (eligible funeral arrangement) dépositaire a) Fiduciaire d’une fiducie régie par un arrangement de services funéraires; b) dans le cas où aucune fiducie n’est régie par un arrangement de services funéraires, personne admissible qui reçoit, dans le cadre de l’arrangement, un versement à titre de dépôt pour la fourniture, par elle, de services de funérailles ou de cimetière. (custodian) fiducie pour l’entretien d’un cimetière Fiducie établie conformément avec une loi provinciale pour assurer l’entretien d’un cimetière. (cemetery care trust) personne admissible Personne autorisée, par permis ou autrement, en vertu des lois provinciales à fournir des services de funérailles ou de cimetière relatifs à des particuliers. (qualifying person) services de cimetière Biens — caveaux d’inhumation, repères, fleurs, doublures, urnes, arbustes, couronnes et autres articles — et services requis par suite du décès d’un particulier et se rapportant directement à la sépulture au Canada. Il est entendu que les biens et services réglés au moyen des fonds d’une fiducie pour l’entretien d’un cimetière sont des services de cimetière. (cemetery services) services de funérailles ou de cimetière Services funéraires, services de cimetière, ou une combinaison de ces services, à fournir relativement à un particulier. (funeral or cemetery services) services funéraires Biens et services, sauf des services de cimetière, requis par suite du décès d’un particulier et se rapportant directement à des funérailles au Canada. (funeral services) Exemption for eligible funeral arrangements (b) subject to paragraph 148.1(2)(c) and subsection 148.1(3), no amount shall be Income inclusion on return of funds A + B - C where D - E where exceeds fourniture de services de funérailles ou de cimetière relatifs au particulier est à ajouter dans le calcul du revenu du contribuable pour l'année tiré d'un bien ce montant ou, s'il est inférieur, le résultat du calcul suivant : A + B - C où : A représente le solde applicable au particulier dans le cadre de l'arrangement immédiatement avant le remboursement, déterminé compte non tenu de la valeur des biens d'une fiducie pour l'entretien d'un cimetière; B le total des paiements effectués sur l'arrangement avant le remboursement pour la fourniture de services de funérailles ou de cimetière relatifs au particulier, à l'exception des services relatifs au moyen des biens d'une fiducie pour l'entretien d'un cimetière; C le montant obtenu par la formule suivante : D - E où : D représente le total des versements admissibles effectués dans le cadre de l'arrangement pour le particulier avant le remboursement, à l'exception des versements relatifs au particulier affectés à une fiducie pour l'entretien d'un cimetière, E le total des montants représentant chacun l'excédent du montant visé à l'alinéa a) sur celui visé à l'alinéa b) : a) un montant lié au solde applicable au particulier dans le cadre de l'arrangement qui est réputé par le paragraphe (4) avoir été remboursé sur l'arrangement avant le remboursement, b) la partie du montant visé à l'alinéa a) qui, par l'effet du présent paragraphe, est ajouté dans le calcul du revenu d'un contribuable. Remboursement réputé en cas de transfert
Si, à un moment donné, un montant lié au solde applicable à un particulier (appelé « auteur du présent paragraphe (5) dans le cadre d'un arrangement de services funéraires (appelé « arrangement de l'auteur » au présent paragraphe et au paragraphe (5)) est transféré au même particulier ou à un autre particulier (appelés « bénéficiaire » au présent paragraphe et au paragraphe (5)), est porté au crédit ou ajouté au solde qui lui est applicable dans le cadre du même arrangement ou d'un autre arrangement semblable (appelés « arrangement du bénéficiaire » au présent paragraphe et au paragraphe (5)), les règles ci-après s'appliquent : Income Tax PART I Income Tax DIVISION G Deferred and Other Special Income Arrangements Eligible Funeral Arrangements Sections 148.1-149 Non-application of subsection (4) DIVISION H Exemptions Miscellaneous Exemptions Miscellaneous exemptions Impôt sur le revenu
Arrangements de services funéraires
a) le montant est réputé, d’une part, être remboursé au cédant ou, si celui-ci est décédé au moment donné, au bénéficiaire sur l’arrangement du cédant au moment donné et, d’autre part, être payé sur le solde applicable au cédant dans le cadre de ce même arrangement; b) le montant est réputé être un versement effectué (autrement qu’au moyen d’un transfert d’un arrangement de services funéraires) au moment donné dans le cadre de l’arrangement du bénéficiaire en vue de financer les services funéraires ou les services de cimetière relatifs au bénéficiaire. Non-application du paragraphe (4)
Le paragraphe (4) ne s’applique pas si, à la fois : a) le cédant et le bénéficiaire sont le même particulier; b) le montant qui est transféré au particulier, porté à son crédit ou ajouté au solde qui lui est applicable, dans le cadre de l’arrangement du bénéficiaire, est égal au solde applicable au particulier dans le cadre de l’arrangement du cédant immédiatement avant le moment donné; c) il est mis fin à l’arrangement du cédant immédiatement après le transfert. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1995, ch. 21, art. 62; 1998, ch. 19, art. 177; 2013, ch. 34, art. 306.
Exemptions Exemptions diverses Exemptions diverses 149 (1) Aucun impôt n’est payable en vertu de la présente partie, sur le revenu imposable d’une personne, pour la période où cette personne était : Employés d’un pays étranger a) un agent ou fonctionnaire du gouvernement d’un pays étranger obligé, à cause de ses fonctions, de résider au Canada, si les conditions suivantes sont réunies : (i) immédiatement avant d’entrer en fonctions, il résidait à l’étranger, Income Tax PART I Income Tax DIVISION H Exemptions Miscellaneous Exemptions
Subsidiaries of municipal corporations Income Tax PART I Income Tax DIVISION IV Exemptions Miscellaneous Exemptions
Certain organizations Registered charities (f) a registered charity; Registered journalism organizations (h) a registered journalism organization; Impôt sur le revenu
Exemptions diverses
Administrations municipales
d.6) sous réserve des paragraphes (1.2) et (1.3), une société donnée dont les actions (sauf les actions conférant l’admissibilité à des postes d’administrateurs) ou le capital appartiennent à une ou plusieurs entités (appelées « propriétaires admissibles » au présent alinéa) dont chacune est, pour la période, une société, une commission ou une association à laquelle l’alinéa d.5) s’applique, une société à laquelle le présent alinéa s’applique, une municipalité au Canada ou un organisme municipal ou public remplissant une fonction gouvernementale au Canada, si le revenu de la société donnée pour la période provenant des activités exercées à l’extérieur des limites géographiques de ces propriétaires admissibles : (i) si le propriétaire admissible est une municipalité au Canada ou un organisme municipal ou public remplissant une fonction gouvernementale au Canada, les activités exercées en dehors des limites géographiques de ce propriétaire admissible, (ii) si l’alinéa d.5) s’applique à un propriétaire admissible, les activités exercées en dehors des limites géographiques d’une municipalité ou d’un organisme municipal ou public visés aux alinéas (i) ou à l’alinéa d.5), selon le cas, quant à leur application respective à chacun de ces propriétaires admissibles; (iii) si le présent alinéa s’applique à un propriétaire admissible, les activités exercées en dehors des limites géographiques d’une municipalité ou d’un organisme municipal ou public visés aux sous-alinéas (i) ou à l’alinéa d.5), selon le cas, quant à leur application respective à chacun de ces propriétaires admissibles; e) une organisation agricole, un board of trade ou une chambre de commerce dont aucune partie du revenu n’était payable à un propriétaire, membre ou actionnaire de ces organisations, ou ne pouvait par ailleurs servir au profit personnel de ceux-ci; Organismes de bienfaisance enregistrés f) un organisme de bienfaisance enregistré; Association canadienne enregistrée de sport amateur g) une association canadienne enregistrée de sport amateur; Organisations journalistiques enregistrées h) une organisation journalistique enregistrée; (k) a labour organization or society or a benevolent or fraternal benefit society or order; Association des universités et collèges h.1) l’Association des universités et collèges du Canada, constituée par la Loi constituant en corporation l’Association des Universités et Collèges du Canada, chapitre 75 des Statuts du Canada de 1964-65; Certaines sociétés d’habitation i) une société constituée exclusivement dans le but de fournir des logements à loyer modique aux personnes âgées et dont aucun revenu n’était payable à un propriétaire, membre ou actionnaire de cette société ou ne pouvait par ailleurs servir au profit personnel de ceux-ci; Sociétés de recherche scientifique et de développement expérimental à but non lucratif j) une société constituée exclusivement pour poursuivre ou promouvoir des activités de recherche scientifique et de développement expérimental, dont aucun revenu n’était payable à un propriétaire, membre ou actionnaire de cette société, ou ne pouvait par ailleurs servir au profit personnel de ceux-ci, qui, au cours de la période, a rempli les conditions suivantes : (i) elle n’a exploité aucune entreprise, (ii) elle a dépensé pour un total, au minimum, de 90 % de l’excédent éventuel de son revenu brut pour la période sur le total des montants qu’elle a payés au cours de la période par l’effet du paragraphe (7.1), des sommes au Canada dont chacune constitue : (A) une dépense afférente aux activités de recherche scientifique et de développement expérimental, au sens de l’alinéa 37(8)a), compte non tenu de l’alinéa 37(8)d), directement exercées par la société ou pour son compte, (B) un paiement fait à une entité visée aux divisions 37(1)a)(ii)(A) ou (B) et devant servir à des activités de recherche scientifique et de développement expérimental; Organisations ouvrières k) une organisation ou association ouvrière ou une association de bienfaisance ou de secours mutuels; Organisations à but non lucratif l) un cercle ou une association qui, de l’avis du ministre, n’était pas un organisme de bienfaisance au sens du paragraphe 149.1(1) et qui est constitué et administré uniquement pour s’assurer du bien-être social, des améliorations locales, s’occuper des loisirs ou Pension trusts (o.1) a corporation Idem (o.2) a corporation fournir des divertissements, ou exercer toute autre activité non lucrative, et dont aucun revenu n’était payable à un propriétaire, un membre ou un actionnaire, ou ne pouvait par ailleurs servir au profit personnel de ceux-ci, sauf si le propriétaire, le membre ou l’actionnaire était un curé ou une association dont le but premier et la fonction étaient de promouvoir le sport amateur au Canada; Compagnies d’assurance mutuelle m) une compagnie d’assurance mutuelle dont les primes ne proviennent que de l’assurance d’églises, d’écoles ou d’œuvres de bienfaisance; Sociétés immobilières n) une société immobilière à dividendes limités (au sens de l’article 2 de la Loi nationale sur l’habitation), si la totalité, ou presque, des activités de l’entreprise consiste à construire, à détenir ou à administrer des ensembles d’habitation HLM; Fiducies de pension o) une fiducie régie par un régime de pension agréé; Sociétés de gestion de pension o.1) une société qui : (i) est constituée et exploitée tout au long de la période : (A) soit uniquement pour la gestion d’un régime de pension agréé, (B) soit pour la gestion d’un régime de pension agréé et dans l’unique but d’agir comme fiduciaire d’une fiducie régie par une convention de retraite ou de gérer une telle fiducie, dans la mesure où les conditions de la convention ne permettent d’assurer des prestations qu’aux particuliers dont quelques prestations sont assurées par le régime de pension agréé, (ii) est acceptée par le ministre comme moyen de financement dans le cadre de l’agrément d’un régime de pension; Idem o.2) une société : (i) constituée avant le 17 novembre 1978 uniquement dans le cadre d’un régime de pension agréé ou pour la gestion de celui-ci, (ii) qui, à tout moment depuis le dernier en date du 16 novembre 1978 et du jour de sa constitution, à la fois : (A) a limité ses activités aux activités suivantes : (I) l’acquisition, la détention, l’entretien, l’amélioration, la location ou la gestion d’immobilisations qui sont des immeubles, ou des droits réels sur ceux-ci — ou des biens réels ou des intérêts sur ceux-ci — appartenant à la société, à une autre société visée au présent sous-alinéa et au sous-alinéa (iv) ou à un régime de pension agréé, (II) le placement de ses fonds dans une société de personnes qui limite ses activités à l’acquisition, la détention, l’entretien, l’amélioration, la location ou la gestion d’immobilisations qui sont des immeubles, ou des droits réels sur ceux-ci — ou des biens réels ou des intérêts sur ceux-ci — appartenant à la société de personnes, (B) n’a 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(z.2) a trust (A) Her Majesty in right of Canada, (B) Her Majesty in right of a province, Impôt sur le revenu
Exemptions diverses
(i) disponible à un moment quelconque après 1980, (ii) payée après le 11 décembre 1979, à une personne (autre qu’une personne visée à l’alinéa k)) autrement qu’en raison de son emploi ou du fait qu’elle soit un héritier ou un représentant légal de l’employé. Fiducie pour l’environnement admissible z) une fiducie pour l’environnement admissible; Fiducie établie en vertu de la Loi sur la qualité de l’environnement z.1) une fiducie à l’égard de laquelle les conditions ci-après sont réunies : (i) elle a été établie en raison d’une exigence imposée par l’article 56 de la Loi sur la qualité de l’environnement, L.R.Q., ch. Q-2, (ii) elle réside au Canada, (iii) seules les personnes ci-après y ont un droit de bénéficiaire : (A) Sa Majesté du chef du Canada, (B) Sa Majesté du chef d’une province, (C) toute municipalité, au sens de l’article 1 de cette loi, qui est exonérée, par l’effet du présent paragraphe, de l’impôt prévu par la présente partie sur la totalité de son revenu imposable; Fiducie établie en vertu de la Loi sur les déchets de combustible nucléaire z.2) une fiducie à l’égard de laquelle les conditions ci-après sont réunies : (i) elle a été établie en raison d’une exigence imposée par le paragraphe 9(1) de la Loi sur les déchets de combustible nucléaire, L.C. 2002, ch. 23, (ii) elle réside au Canada, (iii) seules les personnes ci-après y ont un droit de bénéficiaire : (A) Sa Majesté du chef du Canada, (B) Sa Majesté du chef d’une province, (C) toute société d’énergie nucléaire, au sens de l’article 2 de cette loi, dont la totalité des actions du capital-actions appartiennent à une ou plusieurs personnes visées aux divisions (A) et (B), Exception (1.1) Where at a particular time Election Exception (1.1) La société, commission ou association (appelée « entité » au présent paragraphe) à l’égard de laquelle les conditions ci-après sont réunies à un moment donné est réputée ne pas être, à ce moment, une personne visée à l’un des alinéas (1)(d) à (d.6) : a) elle serait visée à l’un des alinéas (1)(d) à (d.6) si ce n’était le présent paragraphe; b) un ou plusieurs autres personnes (sauf Sa Majesté du chef du Canada ou d’une province, une municipalité du Canada ou une personne qui, à ce moment, est visée à l’un des alinéas (1)(d) à (d.6)) ont, à ce moment, un ou plusieurs droits en equity ou autrement, immédiats ou futurs, conditionnels ou non, sur les actions ou le capital de l’entité, ou un ou plusieurs semblables droits de les acquérir; c) par suite de l’exercice des droits mentionnés à l’alinéa b), l’entité ne serait pas une personne visée à l’un des alinéas (1)(d.1) à (d.6) à ce moment. Choix (1.11) Le paragraphe (1) ne s’applique pas à l’égard du revenu imposable d’une personne pour une année d’imposition donnée commençant après 1998 si les conditions suivantes sont réunies : a) l’alinéa (1)(d) ne s’est pas appliqué à l’égard du revenu imposable de la personne pour sa dernière année d’imposition ayant commencé avant 1999; b) l’alinéa (1)(d.2), (d.3) ou (d.4) se serait appliqué, n’eût été le présent paragraphe, à l’égard du revenu imposable de la personne pour sa première année d’imposition ayant commencé après 1998; c) le contrôle direct ou indirect de la personne n’a fait l’objet d’aucun changement au cours de la période qui : (i) a commencé au début de la première année d’imposition de la personne ayant commencé après 1998, (ii) s’est terminée à la fin de l’année donnée. (d) the person elects in writing before 2002 that this subsection apply; and Income test (i) a commencé au début de la première année d’imposition de la personne ayant commencé après 1998, (ii) se termine à la fin de l’année donnée; d) la personne a choisi par écrit, avant 2002, de se prévaloir du présent paragraphe; e) avant le début de l’année donnée, la personne n’a pas avisé le ministre par écrit de la révocation du choix. Choix réputé (1.12) S’il y a fusion (au sens du paragraphe 87(1)) d’une société (appelée « société mère » au présent paragraphe) et d’une ou plusieurs autres sociétés (appelées chacune « filiale » au présent paragraphe) dont chacune est une filiale à cent pour cent de la société mère et que, immédiatement avant la fusion, la société mère est une personne à laquelle le paragraphe (1) ne s’applique pas par l’effet du paragraphe (1.11), la société issue de la fusion est réputée, pour l’application de ce paragraphe, être la même société que la société mère et en être la continuation. Revenu exclu (1.2) Pour l’application des alinéas (1)(d.5) et (d.6), le revenu d’une société, commission ou association provenant d’activités exercées en dehors des limites géographiques d’une municipalité ou d’un organisme municipal ou public ne comprend pas le revenu provenant d’activités exercées, selon les cas : a) aux termes d’une convention qui remplit les conditions suivantes : (i) il s’agit d’une convention écrite dont les parties sont : (A) la société, commission ou association, (B) Sa Majesté du chef du Canada ou d’une province, une municipalité, un organisme municipal ou public ou une société à laquelle s’applique l’un des alinéas (1)(d) à (d.6) qui est contrôlée par Sa Majesté du chef du Canada ou d’une province, par une municipalité du Canada ou par un organisme municipal ou public du Canada, (ii) la convention s’applique dans les limites géographiques suivantes : (A) si la personne est Sa Majesté du chef du Canada ou une société contrôlée par Sa Majesté du chef du Canada, le Canada, (ii) a distributor of electrical energy, heat, natural gas, or water, Votes or de facto control (i) Her Majesty in right of Canada or of a province, (ii) a municipality in Canada, (A) si la convention est conclue avec Sa Majesté du chef du Canada ou une société contrôlée par celle-ci, celles du Canada, (B) si elle est conclue avec Sa Majesté du chef d’une province ou une société contrôlée par celle-ci, celles de la province, (C) si elle est conclue avec une municipalité du Canada ou une société contrôlée par celle-ci, celles de la municipalité, (D) si elle est conclue avec un organisme municipal ou public ou une société contrôlée par celui-ci, celles visées au paragraphe (11) relativement à cet organisme ou cette société, (iii) le revenu provenant des activités exercées en vertu de la convention est payé à la partie visée à la division (i)(A) par la partie visée à la division (i)(B), (iv) les activités visées par la convention sont habituellement exercées par un gouvernement local; b) dans une province : (i) soit à titre de producteur d’énergie électrique ou de gaz naturel, pourvu que les activités soient réglementées par les lois de la province, (ii) soit à titre de distributeur d’énergie électrique, de chaleur, de gaz naturel ou d’eau, pourvu que les activités soient réglementées par les lois de la province. Voix ou contrôle de fait (1.3) Les alinéas (1)(d) à (d.6) ne s’appliquent pas à l’égard du revenu imposable d’une personne pour une période d’une année d’imposition dans le cas où, au cours de la période, selon le cas : a) la personne est une société et des actions de son capital-actions, appartenant à un ou plusieurs autres personnes, confèrent, au total, plus de 10 % des voix pouvant être exprimées à une assemblée des actionnaires de la société, sauf s’il s’agit d’actions appartenant aux personnes suivantes : (i) Sa Majesté du chef du Canada ou d’une province, (ii) une municipalité du Canada, (iii) un organisme municipal ou public remplissant une fonction gouvernementale au Canada, (i) Her Majesty in right of Canada or of a province, (ii) a municipality in Canada, Determination of income Application of s. (1) Idem (4.1) to (4.3) [Repealed, 2017, c. 20, s. 24] (iv) une commission, une association ou une société, à laquelle s’applique l’un des alinéas (1)d) à d.6); b) la personne est ou serait, si elle était une société, contrôlée, directement ou indirectement, de quelque manière que ce soit, par une personne ou par un groupe de personnes qui comprend une personne qui n’est : (i) ni Sa Majesté du chef du Canada ou d’une province, (ii) ni une municipalité du Canada, (iii) ni un organisme municipal ou public remplissant une fonction gouvernementale au Canada, (iv) ni une commission, une association ou une société, à laquelle s’applique l’un des alinéas (1)d) à d.6). Calcul du revenu
Pour l’application des alinéas (1)e), j) et j.1), dans le calcul de la partie d’un revenu payable à une personne ou pouvant par ailleurs servir à son profit personnel, ou du total d’une fraction égale à un pourcentage prévu à l’un de ces alinéas, montant de ce revenu est réputé correspondre au montant déterminé selon l’hypothèse que les gains en capital imposables et les pertes en capital déductibles sont nuls. Non-application du par. (1)
Le paragraphe (1) ne s’applique pas au revenu imposable qu’une association de bienfaisance ou de secours mutuels tire de l’exploitation d’une entreprise d’assurance-vie ou de la vente de biens utilisés ou détenus par elle pendant l’année dans le cadre de l’exploitation d’une entreprise d’assurance-vie. Idem
Pour l’application du paragraphe (3), le revenu imposable qu’une association de bienfaisance ou de secours mutuels tire de l’exploitation d’une entreprise d’assurance-vie doit être calculé comme si l’organisme n’avait pas de revenu ni de pertes provenant de quelque autre source. (4.1) à (4.3) [Abrogés, 2017, ch. 20, art. 24] Exception concernant le revenu de placements de certains clubs
Malgré les paragraphes (1) et (2), lorsqu’un cercle ou une association était, pendant une période donnée, un cercle ou une association, visé à l'alinéa (1)l), dont l'objet principal consistait à fournir à ses membres des installations pour les loisirs, le sport ou les repas (appelé « club » au présent paragraphe), une fiducie est réputée avoir été établie au dernier en date de la fin de 1971 et du début de la période et avoir continué à exister tout au long de la période. De plus, les règles ci-après s'appliquent tout au long de la période : a) la propriété du club est réputée être la propriété de la fiducie; b) lorsque le club est une société, la société est réputée être le fiduciaire exerçant le contrôle des biens de la fiducie; c) lorsque le club n'est pas une société, les dirigeants du club sont réputés être les fiduciaires exerçant le contrôle des biens de la fiducie; d) l'impôt prévu par la présente partie est payable par la fiducie sur son revenu imposable pour chaque année d'imposition; e) le revenu et le revenu imposable de la fiducie pour chaque année d'imposition doivent être calculés sur la supposition qu'elle n'a pas eu de revenus ni de pertes autres que : (i) des revenus et des pertes provenant de biens, (ii) des gains en capital imposables et des pertes en capital déductibles découlant des dispositions de biens, autres que des biens utilisés, exclusivement et directement, dans le but de fournir des repas, des services récréatifs ou les installations destinées aux sports qu'elle met à la disposition de ses membres; f) dans le calcul du revenu imposable de la fiducie pour chaque année d'imposition : (i) il peut être déduit, en plus de toute autre déduction permise par la présente partie, 2 000 $, (ii) aucune déduction n'est faite en vertu de l'article 112 ou 113; g) les dispositions de la sous-section K de la section B (sauf les paragraphes 104(1) et (2)) ne s'appliquent pas à l'égard de la fiducie. Règle relative à la répartition
Lorsqu'il est nécessaire, pour l'application du présent article, de déterminer le revenu imposable d'un contribuable pour une période qui est une partie d'une année d'imposition, le revenu imposable pour cette période est réputé correspondre au produit de la multiplication du Income Tax PART I Income Tax DIVISION H Exemptions Miscellaneous Exemptions
A × B where (a) $500, and (a) 12, and Interpretation of para. (1)(j)
For the purpose of paragraph 149(1)(j), --- Impôt sur le revenu
Exemptions diverses
revenu imposable pour l’année d’imposition par le rapport entre le nombre de jours de la période et le nombre de jours de l’année d’imposition. Délai de production
La société dont le revenu imposable pour une année d’imposition est exonéré de l’impôt prévu par la présente partie par l’effet de l’alinéa (1)(j) est tenue de présenter au ministre un formulaire prescrit contenant les renseignements prescrits au plus tard à la date d’échéance de production qui lui est applicable pour l’année. Pénalité (7.1) La société qui ne présente pas le formulaire selon les modalités prévues au paragraphe (7) pour une année d’imposition est passible d’une pénalité égale au résultat du calcul suivant : A × B où : A représente le plus élevé des montants suivants : a) 500 $, b) 2 % de son revenu imposable pour l’année; B le moins élevé des montants suivants : a) 12, b) le nombre de mois ou de parties de mois de la période qui commence le jour où elle est tenue de présenter le formulaire et se termine le jour où elle le présente. Interprétation : al. (1)(j)
Pour l’application de l’alinéa (1)(j) : a) une société est contrôlée par une autre société si plus de 50 % des actions émises de son capital-actions (comportant pleins droits de vote en toutes circonstances) appartiennent : (i) à l’autre société, (ii) à l’autre société et à des personnes avec lesquelles l’autre société a un lien de dépendance; toutefois une société est réputée ne pas avoir acquis le contrôle d’une société, si elle n’a acheté (ou par ailleurs acquis à titre onéreux) aucune des actions du capital-actions de cette société; b) sont à inclure dans le calcul du revenu et du revenu brut d’une société les dons qu’elle a reçus et les sommes qui lui ont été versées pour affectation à des activités de recherche scientifique et de développement expérimental. Becoming or ceasing to be exempt (d) [Repealed, 2016, c. 12, s. 54] Information returns [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 149; 1994, c. 7, Sch. II, s. 122; 1995, c. 38, s. 188(2); c. 43, s. 89; 1996, c. 21, s. 37; 1997, c. 25, s. 47; 1998, c. 19, s. 41; 2001, c. 17, s. 7; 2004, c. 22, s. 16; 2006, c. 4, s. 29; c. 7, s. 27; 2011, c. 24, s. 56; 2012, c. 31, s. 38; 2013, c. 34, ss. 187, 307, c. 40, s. 66; 2014, c. 39, s. 85; 2016, c. 12, s. 54; 2017, c. 20, s. 24; 2019, c. 29, s. 30; 2022, c. 19, s. 133; 2023, c. 26, s. 46.]
Qualified Donees Definitions Limites géographiques — organisme remplissant des fonctions gouvernementales
Pour l’application du présent article, les limites géographiques d’un organisme municipal ou public remplissant une fonction gouvernementale sont les suivantes : a) celles du territoire à l’égard duquel le pouvoir de percevoir des impôts ou taxes est reconnu ou conféré à l’organisme par une loi fédérale ou par un accord mis en vigueur par une telle loi; b) en cas d’inapplication de l’alinéa a), celles à l’intérieur desquelles l’organisme est autorisé par les lois fédérales ou provinciales à exercer cette fonction. Déclaration de renseignements
Toute personne exonérée de l’impôt prévu à la présente partie sur tout ou partie de son revenu imposable par l’effet des alinéas (1)e) ou l) doit présenter une déclaration de renseignements pour l’exercice sur formulaire prescrit et contenant les renseignements prescrits, selon le cas : a) si le total des montants de chaque dividende imposable ou un montant reçu ou à recevoir par la personne au titre ou en règlement total ou partiel d’intérêts, de loyers ou de redevances au cours de l’exercice dépasse 10 000 $; b) à la fin de l’exercice précédent de la personne, l’actif total de la personne, déterminé en conformité avec les principes comptables généralement reconnus, dépasse 200 000 $; c) la personne était tenue de présenter une déclaration de renseignements en application du présent paragraphe pour un exercice antérieur. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés : L.R. (1985), ch. 1 (5e suppl.), art. 149; 1994, ch. 7, ann. II, art. 122; 1995, ch. 38, par. 188(2); ch. 43, art. 89; 1996, ch. 21, art. 37; 1997, ch. 25, art. 47; 1998, ch. 19, art. 41; 2001, ch. 17, art. 7; 2004, ch. 22, art. 16; 2006, ch. 4, art. 29; ch. 7, art. 27; 2011, ch. 24, art. 56; 2012, ch. 31, art. 38; 2013, ch. 34, art. 187, 307, ch. 40, art. 66; 2014, ch. 39, art. 85; 2016, ch. 12, art. 54; 2017, ch. 20, art. 24; 2019, ch. 29, art. 30; 2022, ch. 19, art. 133; 2023, ch. 26, art. 46.]
[NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés : 2015, ch. 41, art. 1; 2017, ch. 12, art. 12.] Donataires reconnus Définitions
capital gains pool [Repealed, 2010, c. 25, s. 37] actions de remplacement Actions acquises par une fondation privée en échange d’actions exonérées détenues par elle, dans le cadre d’une opération à laquelle s’applique l’article 51, le paragraphe 85.1(1) ou les articles 86 ou 87. (substituted shares) actions exonérées Sont des actions exonérées détenues par une fondation privée à un moment donné les actions d’une catégorie du capital-actions d’une société qui, selon le cas : a) ont été acquises par la fondation au moyen d’un don visé par une stipulation portant conservation des actions pendant une période se terminant au plus tôt au moment déterminé, si le don a été fait : (i) soit avant le 19 mars 2007, (ii) soit après le 18 mars 2007 et avant le 19 mars 2012, (A) en exécution d’un testament signé par un contribuable avant le 19 mars 2007, qui n’a pas été modifié, par codicille ou autrement, après le 18 mars 2007, (B) dans des circonstances où aucun autre testament du contribuable n’a été signé ni modifié après le 18 mars 2007, (iii) soit après le 18 mars 2007 selon les modalités d’une fiducie établie avant le 19 mars 2007, lesquelles n’ont pas été modifiées après le 18 mars 2007; b) ont été acquises la dernière fois par la fondation avant le 19 mars 2007, à l’exception d’actions qui, au moment donné, selon le cas : (i) sont visées à l’alinéa a), (ii) sont inscrites à la cote d’une bourse de valeurs désignée, (iii) sont des actions du capital-actions d’une société donnée qui détient un pourcentage d’intérêt supérieur à 0 % dans une société publique et dont une catégorie d’actions du capital-actions est inscrite à la cote d’une bourse de valeurs désignée, dans le cas où, à la fois : (A) une société (appelée « société contrôlée » au présent sous-alinéa et étant entendue qu’il peut s’agir de la société donnée) : charity means a charitable organization or charitable foundation; (organisme de bienfaisance) (I) d’une part, est propriétaire d’une ou de plusieurs actions d’une catégorie du capital-actions de la société publique, (II) d’autre part, est contrôlée, directement ou indirectement, de quelque manière que ce soit, par une ou plusieurs personnes intéressées quant à la fondation ou par la fondation, seule ou avec une ou plusieurs de ces personnes intéressées, (B) la fondation, si elle détenait directement les actions visées à la subdivision (A)(I), aurait un pourcentage de participation excédentaire (déterminé compte tenu du paragraphe 149.2(8)) relativement à cette catégorie d’actions qui est supérieur à 0 %, (C) la fondation, seule ou avec les sociétés contrôlées, détient plus qu’une participation négligeable relativement à la catégorie d’actions visée à la subdivision (A)(I); c) sont des actions de remplacement détenues par la fondation. (exempt shares) activité commerciale complémentaire Relativement à un organisme de bienfaisance ou à une association canadienne de sport amateur, est assimilée à une activité commerciale complémentaire toute entreprise étrangère au but de l’organisme ou de l’association, si les personnes employées par l’organisme ou l’association pour exploiter cette entreprise, il n’en est presque aucune qui soit rémunérée à ce titre. (related business) activité politique [Abrogée, 2018, ch. 27, art. 17] activités de bienfaisance Y sont assimilées les activités qui sont relatives au dialogue sur les politiques publiques ou à leur élaboration et qui sont exercées en vue de la réalisation de fins de bienfaisance. (charitable activities) année d’imposition Dans le cas d’un organisme de bienfaisance enregistré ou d’une association canadienne enregistrée de sport amateur, une exercice. (taxation year) association canadienne de sport amateur Association à l’égard de laquelle les faits ci-après se vérifient : a) elle a été constituée sous le régime d’une loi en vigueur au Canada; b) elle réside au Canada; A + 365 × B where B is (c) in any other case, nil; (contingent des versements) A + B – C where c) aucune partie de son revenu n’est payable à un propriétaire, à un membre ou à un actionnaire ou ne peut par ailleurs servir au profit personnel de ceux-ci, sauf si le propriétaire, le membre ou l’actionnaire était un cercle ou une association dont le but premier et la fonction première étaient de promouvoir le sport amateur au Canada; d) elle a pour but exclusif et fonction exclusive la promotion du sport amateur au Canada à l’échelle nationale; e) elle consacre l’ensemble de ses ressources à la poursuite de ces but et fonction. (Canadian amateur athletic association) bien durable [Abrogée, 2010, ch. 25, art. 37] compte de gains en capital [Abrogée, 2010, ch. 25, art. 37] contingent des versements La somme obtenue par la formule ci-après pour l’année d’imposition d’un organisme de bienfaisance enregistré : A + 365 × B où A représente le nombre de jours de l’année; B : a) 3,5 % de la somme visée par règlement pour l’année relativement à tout ou partie d’un bien appartenant à l’organisme au cours de la période de 24 mois précédant l’année qui n’a pas été affecté directement à des activités de bienfaisance ou à des fins administratives, si la somme visée par règlement est inférieure ou égale à 1 000 000 $, mais excède : (i) 100 000 $, dans le cas où l’organisme est une œuvre de bienfaisance, (ii) 25 000 $, dans les autres cas, b) si la somme visée par règlement pour l’année relativement à tout ou partie d’un bien appartenant à l’organisme au cours de la période de 24 mois précédant l’année qui n’a pas été affecté directement à des activités de bienfaisance ou à des fins administratives excède 1 000 000 $, 35 000 $ plus 5 % de l’excédent de la somme visée par règlement sur 1 000 000 $, c) dans les autres cas, zéro. (disbursement quota) donataire reconnu Sont des donataires reconnus à un moment donné : enduring property [Repealed, 2010, c. 25, s. 37] entrusted shares percentage [Repealed, 2009, c. 2, s. 55] equity percentage of a person in a corporation has, subject to subsection 149.2(1), the same meaning as defined in subsection 95(4); (pourcentage d’intérêt) a) toute personne enregistrée à ce titre par le ministre qui est : (i) une société d’habitation résidant au Canada et exonérée de l’impôt prévu à la présente partie par l’effet de l’alinéa 149(1)i) qui a présenté une demande d’enregistrement, (ii) une municipalité du Canada, (iii) un organisme municipal ou public remplissant une fonction gouvernementale au Canada qui a présenté une demande d’enregistrement, (iv) une université située à l’étranger qui compte d’ordinaire parmi ses étudiants des étudiants venant du Canada et qui a présenté une demande d’enregistrement, (v) un organisme de bienfaisance étranger qui a présenté au ministre une demande d’enregistrement en vertu du paragraphe (26); b) tout organisme de bienfaisance enregistré; b.1) toute organisation journalistique enregistrée; c) toute association canadienne enregistrée de sport amateur; d) Sa Majesté du chef du Canada ou d’une province, l’Organisation des Nations Unies ou une institution reliée à cette dernière. (qualified donee) don désigné [Abrogée, 2010, ch. 25, art. 37] don déterminé La partie d’un don de biens fait au cours d’une année d’imposition par un organisme de bienfaisance enregistré à un autre organisme de bienfaisance enregistré avec lequel il a un lien de dépendance, qui est indiquée à ce titre dans la déclaration de renseignements de l’organisme donateur pour l’année. (designated gift) entité terroriste inscrite Personne, société de personnes, groupe, fonds, ou organisation ou association non dotée de la personnalité morale qui, à un moment donné, est une entité inscrite au sens du paragraphe 83.01(1) du Code criminel. (listed terrorist entity) fins de bienfaisance Comprend des versements admissibles. (charitable purposes) fondation de bienfaisance Société ou fiducie constituée et administrée exclusivement à des fins de bienfaisance, dont aucun revenu n’est payable à un propriétaire, membre, actionnaire, fiduciaire ou auteur de la fiducie ou de la société ou ne peut par ailleurs être disponible pour servir au profit personnel de ceux-ci, et qui n’est pas une œuvre de bienfaisance. (charitable foundation) fondation privée Fondation de bienfaisance qui n’est pas une fondation publique. (private foundation) fondation publique Est une fondation publique à un moment donné la fondation de bienfaisance : a) dont plus de 50 % des administrateurs, dirigeants, fiduciaires et autres responsables n’ont de lien de dépendance ni entre eux ni avec les personnes suivantes : (i) chacun des autres administrateurs, dirigeants, fiduciaires ou autres responsables de la fondation, (ii) chaque personne visée aux sous-alinéas b)(i) ou (ii), (iii) chaque membre d’un groupe de personnes ayant entre elles un lien de dépendance (à l’exception de Sa Majesté du chef du Canada ou d’une province, d’une municipalité, d’un autre organisme de bienfaisance enregistré qui n’est pas une fondation privée et de toute association visés à l’alinéa 149(1)d)), dans le cas où le groupe, s’il était une personne, serait visé au sous-alinéa b)(i); b) qui, au moment donné, n’est ni ne serait, si elle était une société, contrôlée directement ou indirectement, de quelque manière que ce soit : (i) ni par une personne (à l’exception de Sa Majesté du chef du Canada ou d’une province, d’une municipalité, d’un autre organisme de bienfaisance enregistré qui n’est pas une fondation privée et de toute association visés à l’alinéa 149(1)d)) qui, à la fois : (A) immédiatement après le moment donné, a fourni à la fondation des sommes qui, au total, représentent plus de 50 % des capitaux de la fondation immédiatement après le moment donné, (B) immédiatement après sa dernière contribution effectuée au plus tard au moment donné, avait fourni à la fondation des sommes qui, au total, représentent plus de 50 % des capitaux de la fondation immédiatement après cette dernière contribution, (ii) ni par une personne, ou par un groupe de personnes ayant entre elles un lien de dépendance, dans le cas où la personne ou un membre du Income Tax PART I Income Tax DIVISION H Exemptions Qualified Donees
groupe a un tel lien avec une personne visée au sous-alinéa (i). (public foundation) infraction criminelle pertinente Infraction criminelle prévue par les lois fédérales, ou infraction qui serait une infraction criminelle si elle était commise au Canada, qui, selon le cas : a) a trait à la malhonnêteté financière, notamment l’évasion fiscale, le vol et la fraude; b) en ce qui a trait à un organisme de bienfaisance ou à une association canadienne de sport amateur, concerne son fonctionnement. (relevant criminal offence) infraction pertinente À l’exception d’une infraction criminelle pertinente, infraction prévue par les lois fédérales ou provinciales, ou infraction qui serait une telle infraction si elle était commise au Canada, qui, selon le cas : a) a trait à la malhonnêteté financière, y compris toute infraction prévue par la législation sur la collecte de fonds des œuvres de bienfaisance, la protection des consommateurs et les valeurs mobilières; b) en ce qui a trait à un organisme de bienfaisance ou à une association canadienne de sport amateur, concerne son fonctionnement. (relevant offence) œuvre de bienfaisance Est une œuvre de bienfaisance à un moment donné l’œuvre, constituée ou non en société : a) qui est constituée et administrée exclusivement à des fins de bienfaisance; a.1) dont la totalité des ressources est consacrée à des activités de bienfaisance qu’elle-même ou à des versements admissibles; b) dont aucune partie du revenu n’est payable à l’un de ses propriétaires, membres, actionnaires, fiduciaires ou autres ni ne peut servir, de quelque façon, à leur profit personnel; c) dont plus de 50 % des administrateurs, dirigeants, fiduciaires et autres responsables n’ont de lien de dépendance ni entre eux ni avec les personnes suivantes : (i) chacun des autres administrateurs, dirigeants, fiduciaires ou autres responsables de l’œuvre, (ii) chaque personne visée aux sous-alinéas d)(i) ou (ii), (a) $100,000, and (iii) chaque membre d’un groupe de personnes ayant entre elles un lien de dépendance (à l’exception de Sa Majesté du chef du Canada ou d’une province, d’une municipalité, d’un autre organisme de bienfaisance enregistré qui n’est pas une fondation privée et de toute œuvre de toute association visées à l’alinéa 149(1)(l)), dans le cas où le groupe, si était une personne, serait visé au sous-alinéa (i)(B), d) qui, au moment donné, n’est ni ne serait, si elle était une société, contrôlée directement ou indirectement, de quelque manière que ce soit : (i) ni par une personne (à l’exception de Sa Majesté du chef du Canada ou d’une province, d’une municipalité, d’un autre organisme de bienfaisance enregistré qui n’est pas une fondation privée et de toute œuvre de toute association visées à l’alinéa 149(1)(l)) qui, à la fois : (A) immédiatement après le moment donné, a fourni à l’œuvre des sommes qui, au total, représentent plus de 50 % des capitaux de l’œuvre immédiatement après cette dernière contribution, (B) immédiatement après sa dernière contribution, (ii) ni par une personne, ou par un groupe de personnes ayant entre elles un lien de dépendance, dans le cas où la personne ou un membre du groupe a un tel lien avec une personne visée au sous-alinéa (i). (charitable organization) opération importante En ce qui concerne une fondation privée, relativement à une catégorie d’actions du capital-actions d’une société, opération ou série d’opérations ou d’événements portant sur des actions de la catégorie, relativement à laquelle la juste valeur marchande totale des actions de la catégorie qui ont été acquises ou dont une personne intéressée quant à elle a acquis, ou dont elle a disposé, dans le cadre de l’opération ou de la série (déterminée au moment de l’opération ou à la fin de la série, selon le cas) excède la moins élevée des sommes suivantes : a) 100 000 $; b) 0,5 % de la juste valeur marchande totale de l’ensemble des actions émises et en circulation de la catégorie. (material transaction) Income Tax PART I Income Tax DIVISION H Exemptions Qualified Donees
(d) a limited-dividend housing company to which paragraph 149(1)(n) applies, political activity [Repealed, 2018, c. 27, s. 17] Impôt sur le revenu
Donataires reconnus
organisation donataire Comprend une personne, un club, un cercle, une association, une organisation ou une entité visée par règlement à l’exclusion d’un donataire reconnu. (grantee organization) organisation journalistique admissible Société ou fiducie qui satisfait aux conditions suivantes : a) elle est une organisation journalistique canadienne qualifiée; b) elle est constituée et administrée exclusivement à des fins liées au journalisme; c) toute activité commerciale qu’elle exerce est liée à ses fins; d) elle a soit un conseil d’administration dont les membres n’ont aucun lien de dépendance entre eux, soit des fiduciaires n’ayant aucun lien de dépendance entre eux; e) elle n’est pas contrôlée, directement ou indirectement, de quelque manière que ce soit, par une personne ou par un groupe de personnes ayant entre elles un lien de dépendance; f) il lui est interdit, pendant une année d’imposition, de recevoir des dons d’une même source qui représentent plus de 20 % de ses recettes totales (y compris les dons) au cours d’une année d’imposition, autre qu’un don : (i) fait à titre de legs, (ii) fait dans les 12 mois suivant le premier enregistrement de l’organisation, (iii) approuvé, en cas par cas, par le ministre; g) aucun revenu n’est payable à un propriétaire, membre, actionnaire, directeur, fiduciaire, auteur ou personne de ce type ou ne peut être utilisé ou mis à leur disposition à leur profit personnel; h) elle produit principalement du contenu de nouvelles originales. (qualifying journalism organization) organisme de bienfaisance Œuvre de bienfaisance ou fondation de bienfaisance. (charity) particulier non admissible À un moment donné, particulier qui a été, selon le cas : (ii) a municipality in Canada, a) déclaré coupable d’une infraction criminelle pertinente, sauf s’il s’agit d’une infraction à l’égard de laquelle : (i) un pardon a été accordé et n’a pas été révoqué ni annulé, (ii) une suspension du casier a été ordonnée en vertu de la Loi sur le casier judiciaire et n’a pas été révoquée ni annulée; b) déclaré coupable d’une infraction pertinente dans les cinq ans précédant le moment donné; c) un administrateur, un fiduciaire, un cadre ou un représentant semblable d’un organisme de bienfaisance enregistré ou d’une association canadienne enregistrée de sport amateur ou un organisme ou une association à ce titre au cours d’une période où l’organisme ou l’association a eu une conduite dont il est raisonnable de considérer qu’elle constituait une violation grave des conditions d’enregistrement prévues par la présente loi et par suite de laquelle son enregistrement a été révoqué dans les cinq ans précédant le moment donné; d) un particulier qui contrôlait ou gérait, directement ou indirectement, de quelque manière que ce soit, un organisme de bienfaisance enregistré ou une association canadienne enregistrée de sport amateur au cours d’une période où l’organisme ou l’association a eu une conduite dont il est raisonnable de considérer qu’elle constituait une violation grave des conditions d’enregistrement prévues par la présente loi et par suite de laquelle son enregistrement a été révoqué dans les cinq ans précédant le moment donné; e) un promoteur ayant à un abri fiscal impliquant un organisme de bienfaisance enregistré ou une association canadienne enregistrée de sport amateur dont l’enregistrement a été révoqué dans les cinq ans précédant le moment donné pour des raisons comprenant la participation à l’abri fiscal ou liées à cette participation; f) une entité terroriste inscrite ou un membre d’une entité terroriste inscrite; g) un administrateur, un fiduciaire, un cadre ou un représentant semblable d’une entité terroriste inscrite au cours d’une période où elle a appuyé des activités terroristes ou y a participé, y compris la période précédant la date à laquelle l’entité est devenue une entité terroriste inscrite; h) un particulier qui contrôlait ou gérait, directement ou indirectement, de quelque manière que ce soit, une entité terroriste inscrite au cours d’une période où Income Tax PART I Income Tax DIVISION H Exemptions Qualified Donees
(b) a registered journalism organization, (d) Her Majesty in right of Canada or a province, the United Nations or an agency of the United Nations; (donataire reconnu) (a) subject to subsection (6.001), to a qualified donee, or (iii) the charity maintains documentation sufficient to demonstrate (versement admissible) (d) it has trustees or a board of directors, each of whom deals at arm’s length with each other, Impôt sur le revenu
Donataires reconnus
cette dernière appuyait des activités terroristes ou y participait, y compris la période précédant la date à laquelle elle est devenue une entité terroriste inscrite. (ineligible individual) personne intéressée Est une personne intéressée quant à une fondation privée la personne qui, à tout moment où le terme est applicable, a un lien de dépendance avec la fondation (à supposer que le paragraphe 251(2) s’applique comme si la fondation était une société). En sont exclus : a) toute personne qui, à ce moment, est considérée comme ayant un lien de dépendance avec la fondation uniquement à cause d’un droit visé à l’alinéa 251(5)b); b) tout particulier à l’égard duquel les conditions suivantes sont réunies : (i) à ce moment, il est âgé de 18 ans ou plus et détient tout ou partie particulier (appelé « particulier dominant » à la présente définition) qui contrôle la fondation, soit seul, soit avec un groupe lié qui a le contrôle, elle est ainsi détenue; (ii) à ce moment, est aussi un enfant d’une personne ayant un lien de dépendance avec aucun particulier dominant si le paragraphe 251(1) s’appliquait compte non tenu de ses alinéas a) et b). (relevant person) placement non admissible Dans le cas d’une fondation privée : a) dette — autre qu’une promesse de don ou un engagement à faire un don — contractée envers la fondation par : (i) une personne (autre qu’une société non visée) : (A) qui est membre, actionnaire, fiduciaire, auteur d’une fiducie, dirigeant, responsable ou administrateur de la fondation, (B) qui a contribué plus de 50 % du capital de la fondation ou qui est membre d’un groupe de personnes qui ont un lien de dépendance entre elles et qui ont contribué plus de 50 % du capital de la fondation, (C) qui a un lien de dépendance avec l’une des personnes mentionnées à la division (A) ou (B), (ii) une société — autre qu’une société non visée — contrôlée par la fondation, par une personne ou un groupe de personnes visé au sous-alinéa (i), par la (h) it is primarily engaged in the production of original news content; (organisation journalistique admissible) fondation et toute autre fondation privée avec laquelle elle a un lien de dépendance, ou par toute combinaison de ce qui précède; b) une action d’une catégorie du capital-actions d’une société, autre qu’une société non visée, visée à l’alinéa a), détenue par la fondation, autre qu’une action cotée à une bourse de valeurs désignée ou qui serait une action admissible au sens du paragraphe 192(6) si était fait abstraction à ce paragraphe du passage « émise après le 22 mai 1985 et avant 1987 », c) droit, que détient la fondation, d’acquérir une action visée à l’alinéa b). Pour l’application de la présente définition, société non visée s’entend d’une société immobilière à dividendes limités à laquelle l’alinéa 149(1)m) s’applique, d’une société dont l’ensemble des actions émises en circulation est détenu par une ou plusieurs autres sociétés non visées et d’une société dont l’ensemble des biens sont utilisés par un organisme de bienfaisance enregistré pour son administration ou dans ses activités de bienfaisance. (non-qualified investment) pourcentage d’actions exonérées En ce qui concerne une fondation privée à un moment donné, le pourcentage des actions émises et en circulation de cette catégorie qui sont détenues par la fondation à ce moment. (exempt shares percentage) pourcentage d’actions visées par une stipulation [Abrogé, 2009, ch. 2, art. 55] pourcentage de dessaisissement En ce qui concerne une fondation privée pour une année d’imposition donnée, relativement à une catégorie d’actions du capital-actions d’une société, le moins élevé des pourcentages suivants : a) l’excédent, à la fin de l’année donnée, du pourcentage d’actions émises et en circulation de cette catégorie qui sont détenues directement ou indirectement par la fondation; b) le pourcentage obtenu par la formule suivante : A + B – C où : A représente le pourcentage déterminé selon le présent alinéa qui est applicable à la fondation relativement à la catégorie pour l’année d’imposition précédente, Income Tax PART I Income Tax DIVISION H Exemptions Qualified Donees
(b) an individual specified gift [Repealed, 2010, c. 25, s. 37] taxation year means, in the case of a registered charity or registered Canadian amateur athletic association, a fiscal period; (année d’imposition) Impôt sur le revenu
Donataires reconnus
B le total des pourcentages dont chacun représente la partie d’une augmentation nette du pourcentage de participation excédentaire de la fondation relativement à la catégorie pour l’année donnée ou pour une année d’imposition antérieure qui est attribuée à l’année donnée conformément au paragraphe 149.2(5), C le total des pourcentages dont chacun représente la partie d’une diminution nette du pourcentage de participation excédentaire de la fondation relativement à la catégorie pour l’année donnée ou pour une année d’imposition antérieure qui est attribuée à l’année donnée conformément au paragraphe 149.2(7). (diminution nette du pourcentage) pourcentage de participation excédentaire En ce qui concerne une fondation privée, relativement à une catégorie d’actions du capital-actions d’une société, à un moment donné : a) 0 %, si la fondation n’est pas, à ce moment, un organisme de bienfaisance enregistré; b) 0 %, si la fondation détient, à ce moment, des actions de bienfaisance enregistrées; c) dans les autres cas, l’excédent, exprimé en points de pourcentage, du pourcentage de participation totale de la fondation relativement à la catégorie sur le moindre de 20 % ou, s’il est plus élevé, le pourcentage d’actions exonérées à ce moment-là de la fondation relativement à la catégorie. (excess corporate holdings percentage) pourcentage de participation initial En ce qui concerne une fondation privée, relativement à une catégorie d’actions du capital-actions d’une société, le pourcentage de participation totale de la fondation, relativement à cette catégorie, détenu le 18 mars 2007. (original corporate holdings percentage) pourcentage de participation totale En ce qui concerne une fondation privée, relativement à une catégorie d’actions du capital-actions d’une société, à un moment donné le pourcentage de la totalité des actions en circulation de cette catégorie que détient, à ce moment, la fondation privée ou toute personne intéressée par la fondation privée qui détient un intérêt notable relativement à la catégorie. (total corporate holdings percentage) pourcentage d’intérêt Sous réserve du paragraphe 149.2(2.1), s’entend au sens du paragraphe 95(4). (equity percentage) promoteur S’entend au sens de l’article 237.1. (promoter) versement admissible S’entend d’un versement par un organisme de bienfaisance, sous forme de dons ou par la mise à disposition de ressources : a) sous réserve du paragraphe (6.001), à un donataire reconnu; b) à une organisation donataire si, à la fois : (i) le versement est effectué en vue de la réalisation de fins de bienfaisance (déterminées compte non tenu de la définition de fins de bienfaisance au présent paragraphe) de l’organisme de bienfaisance, (ii) l’organisme de bienfaisance veille à ce que le versement s’applique exclusivement à des activités de bienfaisance en vue de la réalisation des fins de bienfaisance de celui-ci, (iii) l’organisme de bienfaisance tient des documents qui permettent de montrer : (A) d’une part, le but du versement effectué, (B) d’autre part, le fait que l’organisation donataire applique exclusivement le versement à des activités de bienfaisance en vue de la réalisation des fins de bienfaisance de l’organisme. (qualifying disbursement) Exclusions Loi sur la sécurité des rues et des communautés (1.01) Au présent article, la mention de la suspension du casier vaut aussi mention de la réhabilitation octroyée ou délivrée en vertu de la Loi sur le casier judiciaire. Règle spéciale — entité terroriste inscrite (1.02) Si, sans le présent paragraphe, une personne, une société de personnes, un groupe, une fiducie, une association non dotée de la personnalité morale ou une organisation devient une entité terroriste inscrite à un moment ultérieur à la suite d’une demande présentée en vertu du paragraphe 83.05(2) du Code criminel ou par l’application de l’alinéa 83.05(6)d) de cette loi, l’entité est réputée ne jamais être devenue une entité terroriste inscrite et ne pas avoir été une entité terroriste inscrite au cours de cette période. Exclusions (1.1) Pour l’application des alinéas (2)b), (3)b) et (4)b) et du paragraphe (21), sont réputés n’être ni un montant dépensé au cours d’une année d’imposition pour des Income Tax PART I Income Tax DIVISION H Exemptions Qualified Donees
(a) a designated gift; (b) [Repealed, 2018, c. 27, s. 17] (d) expenditures on administration and management of the charity. (ii) a qualifying disbursement. Impôt sur le revenu
Donataires reconnus
activités de bienfaisance ni un don à un donataire reconnu : a) un don déterminé; b) [Abrogé, 2018, ch. 27, art. 17] c) tout transfert qui, par l’effet de l’alinéa c) de l’élément B de la formule figurant au paragraphe 188(1.1), de l’alinéa 189(6.2)b) ou du paragraphe 189(6.3), a réduit une somme à payer en vertu de la partie V; d) les dépenses afférentes à l’administration et à la gestion de l’organisme de bienfaisance. Pouvoir du ministre (1.2) Pour l’application de l’élément B de la formule figurant à la définition de contingent des versements au paragraphe 149.1(1), le ministre peut : a) autoriser une modification du nombre de périodes choisi par un organisme de bienfaisance enregistré en vue de déterminer le montant prescrit; b) accepter toute méthode de fixation de la juste valeur marchande des biens ou de la partie des biens nécessaires pour déterminer le montant prescrit. Révocation de l’enregistrement d’une œuvre de bienfaisance
Le ministre peut, de la façon prévue à l’article 168, révoquer l’enregistrement d’une œuvre de bienfaisance pour l’un ou l’autre des motifs énumérés au paragraphe 168(1), ou encore si l’œuvre : a) soit exerce une activité commerciale qui n’est pas une activité commerciale complémentaire de cet organisme de bienfaisance; b) soit ne dépense pas au cours d’une année d’imposition, pour les activités de bienfaisance qu’elle mène elle-même ou par des dons sous forme de versements admissibles, des sommes dont le total est au moins égal à son contingent des versements pour l’année; c) soit fait un versement, sauf s’il s’agit : (i) d’un versement fait dans le cadre de ses activités de bienfaisance, (ii) d’un versement admissible. (a) carries on any business; Révocation de l’enregistrement d’une fondation publique
Le ministre peut, de la façon prévue à l’article 168, révoquer l’enregistrement d’une fondation publique pour l’un ou l’autre des motifs énumérés au paragraphe 168(1), ou encore si la fondation, selon le cas : a) exerce une activité commerciale qui n’est pas une activité commerciale complémentaire de cet organisme de bienfaisance; b) ne dépense pas au cours d’une année d’imposition, pour les activités de bienfaisance qu’elle mène elle-même ou par des dons sous forme de versements admissibles, des sommes dont le total est au moins égal son contingent des versements pour cette année; b.1) fait un versement, sauf s’il s’agit : (i) d’un versement fait dans le cadre de ses activités de bienfaisance, (ii) d’un versement admissible; c) a, depuis le 1er juin 1950, acquis le contrôle d’une société; d) a, depuis le 1er juin 1950, contracté des dettes autres que des dettes au titre des frais courants d’administration, des dettes afférentes à l’achat et à la vente de placements et des dettes dans le cours de l’administration d’activités de bienfaisance; e) au cours de la période de 24 mois qui précède le jour où le ministre l’avise, conformément au paragraphe 168(1), et à un moment où elle était une fondation privée, a pris des mesures ou omis d’effectuer des paiements de façon que le ministre était en droit, conformément au paragraphe (4), de révoquer son enregistrement à titre de fondation privée. Révocation de l’enregistrement d’une fondation privée
Le ministre peut, de la façon prévue à l’article 168, révoquer l’enregistrement d’une fondation privée pour l’un ou l’autre des motifs énumérés au paragraphe 168(1), ou encore si la fondation, selon le cas : a) exerce une activité commerciale; b) ne dépense pas au cours d’une année d’imposition, pour les activités de bienfaisance qu’elle mène elle-même ou par des dons sous forme de versements admissibles, des sommes dont le total est au moins égal son contingent des versements pour cette année; Revocation of registration of registered charity b.1) fait un versement, sauf s’il s’agit : (i) d’un versement fait dans le cadre de ses activités de bienfaisance, (ii) d’un versement admissible. c) a un pourcentage de désaisissement, relativement à une catégorie d’actions du capital-actions d’une société, à la fin d’une année d’imposition quelconque; d) depuis le 1er juin 1950, contracté des dettes autres que des dettes au titre des frais courants d’administration, des dettes afférentes à l’achat et à la vente de placements et des dettes contractées dans le cours de l’administration d’activités de bienfaisance. Révocation de l’enregistrement d’un organisme de bienfaisance enregistré (4.1) Le ministre peut, de la façon prévue à l’article 168, révoquer l’enregistrement : a) de tout organisme de bienfaisance enregistré qui a effectué une opération (y compris un don à un autre organisme de bienfaisance enregistré) et s’il est raisonnable de considérer que l’un des objets de l’opération était d’éviter ou de retarder indûment la dépense de sommes pour des activités de bienfaisance; b) de tout organisme de bienfaisance enregistré, s’il est raisonnable de considérer que l’un des objets pour lesquels il a effectué une opération (y compris l’acceptation d’un don) avec un autre organisme de bienfaisance enregistré auquel l’alinéa a) s’applique consistait à aider celui-ci à éviter ou à retarder indûment la dépense de sommes pour des activités de bienfaisance; c) d’un organisme de bienfaisance enregistré, si les renseignements fournis en vue d’obtenir ou de maintenir son enregistrement contenaient un faux énoncé, au sens du paragraphe 163.2(1), fait dans des circonstances équivalant à une conduite coupable, au sens de ce paragraphe; d) de tout organisme de bienfaisance enregistré qui a reçu au cours d’une année d’imposition un don de biens, sauf un don déterminé, d’un autre organisme de bienfaisance enregistré avec lequel il a un lien de dépendance et qui a dépensé avant la fin de l’année d’imposition subséquente — en plus de son contingent des versements pour chacune de ces années — une somme inférieure à la juste valeur marchande des biens pour des activités de bienfaisance qu’il mène ou en dons sous forme de versements admissibles à des donataires reconnus ou à des Revocation of a qualified donee Reduction Income Tax PART I Income Tax DIVISION H Exemptions Qualified Donees
Devoting resources to purpose and function (a) a related business; or Impôt sur le revenu
Donataires reconnus
Plafond de versement admissible — organisme de bienfaisance (6.001) Les versements de revenu d’une œuvre de bienfaisance sous forme de dons à un donataire reconnu au cours d’une année d’imposition (à l’exception des versements de revenu à un organisme de bienfaisance enregistré que le ministre a désigné par écrit comme étant un organisme de bienfaisance associé à l’œuvre de bienfaisance) supérieurs à 50 % du revenu de l’œuvre de bienfaisance pour l’année ne sont pas des versements admissibles. Ressources consacrées au but et à la fonction (6.01) Une association canadienne de sport amateur est considérée comme consacrer ses ressources à la poursuite de son but exclusif et de sa fonction exclusive dans la mesure où elle exerce : a) soit une activité commerciale complémentaire; b) soit des activités auxquelles participent des athlètes professionnels, si ces activités sont accessoires et incidentes à son but exclusif et à sa fonction exclusive. Fins de bienfaisance (6.1) Pour l’application de la définition de fondation de bienfaisance au paragraphe (1), la société ou fiducie qui consacre une partie de ses ressources à des activités directes ou indirectes de soutien d’un parti politique ou d’un candidat à une charge publique ou d’opposition à l’un ou à l’autre n’est pas considérée comme constituée et administrée exclusivement à des fins de bienfaisance. Fins de bienfaisance (6.2) Pour l’application de la définition de œuvre de bienfaisance au paragraphe (1), l’œuvre qui consacre une partie de ses ressources à des activités directes ou indirectes de soutien d’un parti politique ou d’un candidat à une charge publique ou d’opposition à l’un ou à l’autre n’est pas considérée comme constituée et administrée exclusivement à des fins de bienfaisance. Activités d’une association canadienne de sport amateur (6.201) Pour l’application de la définition d’association canadienne de sport amateur au paragraphe (1), l’association qui consacre une partie de ses ressources à des activités directes ou indirectes de soutien d’un parti politique ou d’un candidat à une charge publique ou d’opposition à l’un ou à l’autre n’est pas considérée (d) complies with prescribed conditions
[Repealed, 2022, c. 19, s. 34]
[Repealed, 2010, c. 25, s. 37]
[Repealed, 2022, c. 10, s. 16] d’un organisme de bienfaisance enregistré, désigné comme œuvre de bienfaisance. Révocation de la désignation (6.5) Le ministre des Communications peut révoquer la désignation d’un organisme effectuée pour l’application du paragraphe (6.4) si, selon le cas : a) les renseignements fournis en vue d’obtenir la désignation contenaient un énoncé inexact; b) l’organisme a modifié ses objectifs depuis sa dernière désignation. En cas de révocation de la désignation, l’organisme est réputé, pour l’application de l’article 168, avoir cessé de se conformer aux exigences de la présente loi relatives à son enregistrement. Désignation d’organismes de bienfaisance associés
Sur demande qui lui est faite selon le formulaire prescrit, le ministre peut, par écrit, désigner un organisme de bienfaisance enregistré comme organisme de bienfaisance associé avec un ou plusieurs organismes de bienfaisance enregistrés donnés, s’il est convaincu que les fins ou l’activité de bienfaisance de chacun des organismes de bienfaisance enregistrés sont essentiellement les mêmes, et, à compter d’une date précisée dans une telle désignation, les organismes de bienfaisance ainsi visés sont réputés associés tant que le ministre ne révoque pas la désignation.
[Abrogé, 2022, ch. 19, art. 34]
[Abrogé, 2010, ch. 25, art. 37]
[Abrogé, 2022, ch. 10, art. 16] Activités relatives aux politiques publiques (10.1) Sous réserve des paragraphes (6.1) et (6.2), les activités relatives au dialogue et au développement des politiques ou à leur élaboration qu’exerce une organisation, une société ou une fiducie à l’appui de ses buts déclarés sont réputées être exercées exclusivement en vue de la réalisation de ces buts. Société de personnes — règle de transparence
Pour l’application du présent article et des articles 149.2 et 188.1, chacun des associés d’une société de personnes à un moment donné est réputé à ce moment être propriétaire de la partie de chaque bien de la société de personnes correspondant à la proportion que représente le rapport entre la juste valeur marchande de sa Income Tax PART I Income Tax DIVISION H Exemptions Qualified Donees
Rules Impôt sur le revenu
Donataires reconnus
participation dans la société de personnes à ce moment et la juste valeur marchande de l’ensemble des participations dans la société de personnes à ce moment. Règles
Pour l’application du présent article : a) une société est contrôlée par une fondation de bienfaisance si plus de 50 % des actions émises de son capital-actions comportant pleins droits de vote en toutes circonstances appartiennent : (i) à la fondation, (ii) à la fondation et à des personnes avec lesquelles la fondation a un lien de dépendance; toutefois, pour l’application de l’alinéa (3)c), une fondation de bienfaisance est réputée ne pas avoir acquis le contrôle d’une société si elle n’a pas acquis, notamment par achat, moyennant contrepartie, plus de 5 % des actions émises d’une catégorie quelconque du capital-actions de cette société; b) dans le calcul du revenu d’un organisme de bienfaisance pour une année d’imposition sont inclus tous dons reçus par l’organisme, y compris les dons reçus d’un autre organisme de bienfaisance, mais à l’exclusion : (i) d’un don déterminé, (ii) d’un don ou d’une partie d’un don à propos duquel il est établi que le donateur n’est pas un organisme de bienfaisance et, selon le cas : (A) qu’aucune déduction ne lui a été accordée en application de l’alinéa 110.1(1)a) dans le calcul de son revenu imposable ou en application du paragraphe 118.1(3) dans le calcul de son impôt payable en vertu de la présente partie, (B) qu’il n’était pas assujetti à l’impôt en vertu de l’article 2 pour l’année d’imposition où le don a été fait, (iii) d’un don ou d’une partie d’un don à propos duquel il est établi que le donateur est un organisme de bienfaisance et que le don n’a pas été fait sur le revenu du donateur; c) les paragraphes 104(6) et (12) ne s’appliquent pas au calcul du revenu d’une fondation de bienfaisance qui est une fiducie. Information returns Information returns
Notwithstanding section 241, (d) [Repealed, 2017, c. 20, s. 25] Definition of disbursement excess (ii) dans le cas d’un organisme de bienfaisance, d’une association canadienne de sport amateur ou d’une organisation journalistique, enregistré ou antérieurement enregistré, son numéro d’enregistrement; (iii) la date d’entrée en vigueur de toute suspension, révocation ou annulation de son enregistrement; c) si la fondation privée qui est un organisme de bienfaisance enregistré détient, au cours de son année d’imposition, plus qu’une participation négligeable relativement à une catégorie d’actions du capital-actions d’une société, le ministre met les renseignements ci-après à la disposition du public, de la façon qu’il estime indiquée : (i) la raison sociale de la société, (ii) en ce qui concerne chaque catégorie d’actions de la société, la partie du pourcentage de participation totale de la fondation relativement à la catégorie qui est attribuable : (A) d’une part, aux actions de la catégorie détenues par la fondation, (B) d’autre part, au total des actions de la catégorie détenues par des personnes intéressées quant à la fondation. d) [Abrogé, 2017, ch. 20, art. 25] Dépenses excédentaires
L’organisme de bienfaisance enregistré qui a fait des dépenses excédentaires pour une année d’imposition peut, pour déterminer s’il se conforme aux alinéas (2)b), (3)b) ou (4)b) pour son année d’imposition précédente et pour au plus cinq années d’imposition subséquentes, inclure dans le calcul des montants affectés, soit aux activités de bienfaisance qu’il mène, soit aux dons sous forme de versements admissibles, la partie de ces dépenses excédentaires qui n’a pas été incluse au titre du présent paragraphe pour une année d’imposition antérieure. Définition de dépenses excédentaires
Pour l’application du paragraphe (20), les dépenses excédentaires d’un organisme de bienfaisance pour une année d’imposition correspondent à l’excédent éventuel du total des sommes qu’il a dépensées au cours de l’année pour ses activités de bienfaisance ou en faisant des dons sous forme de versements admissibles, sur son contingent des versements pour l’année. Refusal to register Annulment of registration Receipts issued before annulment Refusal to register (ii) providing urgent humanitarian aid, or [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 149.1; 1994, c. 7, Sch. II, s. 123; 2001, c. 17, s. 199; 2006, c. 4, s. 1.179; 2007, c. 1, s. 72; 2006, c. 4, s. 1.179; 2007, c. 1, s. 72; 2011, c. 25, s. 56; 2016, c. 12, s. 25; 2016, c. 12, s. 35; 2017, c. 33, s. 82; 2019, c. 12, s. 69; 2017, c. 33, s. 84; 2019, c. 12, s. 69; 2017, c. 33, s. 84; 2019, c. 12, s. 69; 2017, c. 33, s. 84; 2019, c. 12, s. 69; 2017, c. 33, s. 84; 2019, c. 12, s. 69; 2017, c. 33, s. 84; 2019, c. 12, s. 69; 2017, c. 33, s. 84; 2019, c. 12, s. 69; 2017, c. 33, s. 84; 2019, c. 12, s. 69; 2017, c. 33, s. 84; 2019, c. 12, s. 69; 2017, c. 33, s. 84; 2019, c. 12, s. 69; 2017, c. 33, s. 84; 2019, c. 12, s. 69; 2017, c. 33, s. 84; 2019, c. 12, s. 69; 2017, c. 33, s. 84; 2019, c. 12, s. 69; 2017, c. 33, s. 84; 2019, c. 12, s. 69; 2017, c. 33, s. 84; 2019, c. 12, s. 69; 2017, c. 33, s. 84; 2019, c. 12, s. 69; 2017, c. 33, s. 84; 2019, c. 12, s. 69; 2017, c. 33, s. 84; 2019, c. 12, s. 69; 2017, c. 33, s. 84; 2019, c. 12, s. 69; 2017, c. 33, s. 84; 2019, c. 12, s. 69; 2017, c. 33, s. 84; 2019, c. 12, s. 69; 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2017, c. 33, s. 84; 2019, c. 12, s. 69; 2017, c. 33, s. 84; 2019, c. 12, s. 69; 2017, c. 33, s. 84; 2019, c. 12, s. 69; 2017, c. 33, s. 84; 2019, c. 12, s. 69; 2017, c. 33, s. 84; 2019, c. 12, A - B where B is (a) 0%, if Propriété (2.1) Pour l’application de la définition de **pourcentage d’intérêt** au paragraphe 149.1(1) et du sous-alinéa b)(iii) de la définition de **actions exonérées** à ce paragraphe, la personne qui, si l’alinéa 251(5)b) s’appliquait, serait réputée par cet alinéa occuper la même position relativement au contrôle d’une société que si elle était propriétaire d’une action est réputée être propriétaire de l’action. Augmentation nette du pourcentage de participation excédentaire
L’augmentation nette du pourcentage de participation excédentaire d’une fondation privée pour une année d’imposition, relativement à une catégorie d’actions du capital-actions d’une société, correspond à la somme positive, exprimée en points de pourcentage, obtenue par la formule suivante : A - B où : A représente le pourcentage de participation excédentaire de la fondation à la fin de l’année, relativement à la catégorie; B est : a) 0 %, si, selon le cas : (i) au début de l’année, la fondation n’était pas à la fois une fondation privée et un organisme de bienfaisance enregistré, (ii) la fondation était à la fois un organisme de bienfaisance enregistré et une fondation privée le 18 mars 2007 et l’année en cause est sa première année d’imposition qui commence après cette date; b) dans les autres cas, le pourcentage de participation excédentaire de la fondation relativement à la catégorie à la fin de son année d’imposition précédente. Diminution nette du pourcentage de participation excédentaire
La diminution nette du pourcentage de participation excédentaire d’une fondation privée pour une année d’imposition, relativement à une catégorie d’actions du capital-actions d’une société, correspond à l’excédent, exprimé en points de pourcentage, du pourcentage déterminé pour l’année selon l’élément B de la formule figurant au paragraphe (3) sur le pourcentage déterminé pour l’année selon l’élément A de cette formule. (ii) the total of Attribution de l’augmentation nette du pourcentage de participation excédentaire
Pour l’application de l’élément B de la formule figurant à la définition de pourcentage de dessaisissement au paragraphe 149.1(1), l’augmentation nette du pourcentage de participation excédentaire d’une fondation privée relativement à une catégorie d’actions du capital-actions d’une société pour une année d’imposition (appelée « année courante » au présent paragraphe) est attribuée : a) en premier lieu, au pourcentage de dessaisissement de la fondation relativement à cette catégorie pour l’année courante, dans la mesure où la fondation a acquis, au cours de cette année, moyennant contrepartie, des actions de cette catégorie; b) en deuxième lieu, au pourcentage de dessaisissement de la fondation relativement à cette catégorie jusqu’à concurrence de la moins élevée des sommes suivantes : (i) la partie de l’augmentation nette du pourcentage de participation excédentaire de la fondation relativement à cette catégorie pour l’année courante qui n’est pas attribuée selon l’alinéa a), (ii) le pourcentage des actions émises et en circulation de cette catégorie que la fondation a acquis par legs au cours de l’année courante; c) en troisième lieu, au pourcentage de dessaisissement de la fondation relativement à cette catégorie pour sa deuxième année d’imposition subséquente, jusqu’à concurrence de la moins élevée des sommes suivantes : (i) la partie de l’augmentation nette du pourcentage de participation excédentaire de la fondation relativement à cette catégorie pour l’année courante qui n’est pas attribuée selon les alinéas a) ou b), (ii) le total des pourcentages suivants : (A) le pourcentage des actions émises et en circulation de cette catégorie que la fondation a acquis, pendant l’année courante, par don (sauf s’il s’agit d’un don fait par une personne intéressée) ou par legs, (B) la partie de l’augmentation nette du pourcentage de participation excédentaire de la fondation qui est attribuable au rachat, à l’acquisition ou à l’annulation par la société pendant Income Tax PART I Income Tax DIVISION H Exemptions Qualified Donees
Minister’s discretion Impôt sur le revenu
Donataires reconnus
l’année courante de tout ou partie des actions émises et en circulation de cette catégorie; d) en quatrième lieu, au pourcentage de désaisissement de la fondation relativement à cette catégorie pour son année d’imposition subséquente, jusqu’à concurrence de la partie de l’augmentation nette de son pourcentage de participation excédentaire relativement à cette catégorie pour l’année courante qui n’est pas attribuée selon les alinéas a), b) ou c). Discrétion du ministre
Malgré le paragraphe (5), le ministre, s’il est d’avis qu’il serait juste et équitable de faire, peut réattribuer, à la demande d’une fondation privée, toute partie de l’augmentation nette du pourcentage de participation excédentaire de la fondation, relativement à une catégorie d’actions du capital-actions d’une société pour une année d’imposition, qui serait par ailleurs attribuée selon ce paragraphe au pourcentage de désaisissement de la fondation relativement à cette catégorie pour une année d’imposition donnée, au pourcentage de désaisissement de la fondation relativement à cette catégorie pour l’une des dix années d’imposition suivant l’année donnée. Attribution de la diminution nette du pourcentage de participation excédentaire
Pour l’application de l’élément C de la formule figurant à la définition de pourcentage de désaisissement au paragraphe 149.1(1), la diminution nette du pourcentage de participation excédentaire d’une fondation privée, relativement à une catégorie d’actions du capital-actions d’une société, pour une année d’imposition (appelée « année courante » au présent paragraphe) est attribuée : a) en premier lieu, au pourcentage de désaisissement de la fondation relativement à cette catégorie pour l’année courante, jusqu’à concurrence de ce pourcentage; b) en second lieu, au pourcentage de désaisissement de la fondation relativement à cette catégorie pour ses années d’imposition subséquentes, jusqu’à concurrence de la moins élevée des sommes suivantes : (i) la partie de la diminution nette du pourcentage de participation excédentaire de la fondation relativement à cette catégorie pour l’année courante qui n’est pas attribuée selon l’alinéa a) ou au pourcentage de désaisissement de la fondation relativement à cette catégorie pour une année d’imposition antérieure à l’année subséquente en cause, (ii) the lesser of (ii) the lesser of (ii) the lesser of (ii) the lesser of Where subsection (10) applies d) les années d’imposition de la fondation commençant après le 18 mars 2017 et avant le 19 mars 2022, la mention « 20 % » à cette définition relativement à la catégorie en cause vaut mention du plus élevé des pourcentages suivants : (i) 20 %, (ii) le moins élevé des pourcentages suivants : (A) le pourcentage de participation totale de la fondation relativement à la catégorie à la fin de l’année d’imposition précédente, (B) l’excédent, exprimé en points de pourcentage, du pourcentage de participation initiale de la fondation relativement à la catégorie sur 40 %; e) les années d’imposition de la fondation commençant après les 18 mars 2022 et avant le 19 mars 2027, la mention « 20 % » à cette définition relativement à la catégorie en cause vaut mention du plus élevé des pourcentages suivants : (i) 20 %, (ii) le moins élevé des pourcentages suivants : (A) le pourcentage de participation totale de la fondation relativement à la catégorie à la fin de l’année d’imposition précédente, (B) l’excédent, exprimé en points de pourcentage, du pourcentage de participation initiale de la fondation relativement à la catégorie sur 60 %. Application du par. (10)
Le paragraphe (10) s’applique aux fins d’application de l’article 149.1 et des paragraphes (8) et 188.1(3.1) à une fondation privée à un moment donné si, le 18 mars 2007 ainsi qu’au moment donné : a) la fondation était l’unique fiduciaire d’une fiducie, ou était un bénéficiaire déterminé au participation majoritaire (au sens de l’article 251.1) d’une fiducie dont plus de 50 % des fiduciaires étaient composés de la fondation et d’une ou de plusieurs personnes intéressées quant à elle; b) la fiducie détenait une ou plusieurs actions d’une catégorie de capital-actions d’une société. Actions détenues par l’intermédiaire d’une fiducie le 18 mars 2007
Si le présent paragraphe s’applique à un moment donné à une fondation privée relativement à des actions Income Tax PART I Income Tax DIVISION II Exemptions Qualified Donees Sections 149.2-150 A × B/C where Discretionary trusts [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2007, c. 35, s. 47; 2009, c. 2, s. 56. DIVISION I Returns Filing returns of income — general rule Impôt sur le revenu
Donataires reconnus
d’une catégorie de capital-actions d’une société détenues par une fiducie, la fondation est réputée détenir à ce moment le nombre de ces actions obtenu par la formule suivante : A × B/C où : A représente le nombre de ces actions détenues par la fiducie le 18 mars 2007 ou, s’il est moins élevé, le nombre ainsi détenu au moment donné; B la juste valeur marchande totale des participations de la fondation dans la fiducie au moment donné; C la juste valeur marchande totale des biens détenus par la fiducie au moment donné. Fiducies discrétionnaires
Pour l’application du paragraphe (10), si le montant de revenu ou de capital d’une fiducie que une personne peut recevoir à titre de bénéficiaire de la fiducie est fonction de l’exercice ou de l’absence d’exercice, par quiconque, d’un pouvoir discrétionnaire, ce pouvoir est réputé, selon le cas, avoir été pleinement exercé ou ne pas avoir été exercé. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2007, ch. 35, art. 47; 2009, ch. 2, art. 56.
Déclarations, cotisations, paiement et appels Déclarations Déclarations — règle générale 150 (1) Sous réserve du paragraphe (1.1), une déclaration de revenu sur le formulaire prescrit et contenant les renseignements prescrits doit être présentée au ministre, sans avis ni mise en demeure, pour chaque année d’imposition d’un contribuable : Sociétés a) dans le cas d’une société, par la société, ou en son nom, dans les six mois suivant la fin de l’année si, selon le cas : (i) au cours de l’année, l’un des faits suivants se vérifie : (A) la société réside au Canada, (B) elle exploite une entreprise au Canada, sauf si ses seules recettes provenant de l’exploitation Trusts or estates Individuals (d) in the case of any other person, on or before d’une entreprise au Canada au cours de l’année consistent en sommes au titre desquelles un impôt était payable par elle en vertu du paragraphe 212.5(1), (C) elle a un gain en capital imposable (sauf celui provenant d’une disposition exclue), (D) elle dispose d’un bien canadien imposable (autrement que par suite d’une disposition exclue), (ii) l’impôt prévu par la présente partie : (A) est payable par la société pour l’année, (B) serait, en l’absence d’un traité fiscal, payable par la société pour l’année (autrement que relativement à la disposition d’un bien canadien imposable qui est un bien protégé par traité de la société); Personnes décédées b) dans le cas d’une personne décédée après le 31 octobre de l’année et avant le lendemain du jour qui aurait représenté la date d’échéance de production de la déclaration pour l’année si elle n’était décédée, par ses représentants légaux au plus tard le dernier de la date du jour où la déclaration serait à produire par ailleurs et du jour qui tombe six mois après le jour du décès; Successions ou fiducies c) dans le cas d’une succession ou d’une fiducie, dans les 90 jours suivant la fin de l’année; Particuliers d) dans le cas d’une autre personne : (i) au plus tard le 30 avril de l’année suivante, par cette personne ou, si celle-ci ne peut, pour quelque raison, produire la déclaration, par son tuteur, curateur ou autre représentant légal, dans le cas où elle est : (ii) au plus tard le 15 juin de l’année suivante, par cette personne ou, si celle-ci ne peut, pour quelque raison, produire la déclaration, par son tuteur, curateur ou autre représentant légal, dans le cas où elle est : (A) un particulier qui a exploité une entreprise au cours de l’année, sauf si les dépenses effectuées dans le cadre de l’exploitation de l’entreprise représentaient principalement le coût ou le coût en capital d’abris fiscaux déterminés, au sens du paragraphe 143.2(1), Income Tax PART I Income Tax Returns
Exception Exception — trusts Impôt sur le revenu
Déclarations
(B) au cours de l’année, l’époux ou conjoint de fait visé, au sens de l’article 122.6, d’un particulier auquel s’applique la division (A); (iii) si, au cours de l’année, la personne est l’époux ou conjoint de fait visé, au sens de l’article 122.6, d’un particulier auquel l’alinéa b) s’applique pour l’année, au plus tard le dernier en date du jour où elle serait tenue par ailleurs de produire sa déclaration et du jour qui tombe six mois après le décès du particulier; Personnes désignées e) dans le cas où aucune personne visée à l’alinéa a), b) ou d) n’a produit la déclaration, par la personne qui est tenue, par avis écrit du ministre, de produire la déclaration dans le délai raisonnable que précise l’avis. Exception (1.1) Sous réserve du paragraphe (1.2), le paragraphe (1) ne s’applique pas à l’année d’imposition d’un contribuable dans les cas suivants : a) le contribuable est une société qui a été un organisme de bienfaisance enregistré tout au long de l’année; b) le contribuable est un particulier, sauf si, selon le cas : (i) un impôt est payable par lui pour l’année en vertu de la présente partie, (ii) dans le cas où il réside au Canada au cours de l’année, il a un gain en capital imposable ou dispose d’une immobilisation au cours de l’année, (iii) dans le cas où il est non-résident tout au long de l’année, il a un gain en capital imposable (autre celui provenant d’une disposition exclue) ou dispose d’un bien canadien imposable (autrement que par suite d’une disposition exclue) au cours de l’année, (iv) à la fin de l’année, son solde RAP ou solde REP, au sens des paragraphes 146.01(1) et 146.02(1) respectivement, est positif. Exception — fiducie (1.2) Le paragraphe (1.1) ne s’applique pas à une année d’imposition d’une fiducie qui est résidente au Canada et une fiducie expresse, ou pour l’application du droit civil, une fiducie autre qu’une fiducie établie par la loi ou par jugement, que si la fiducie, selon le cas : (i) money, (v) a unit of a mutual fund trust, (d) is a registered charity; a) existe depuis moins de trois mois à la fin de l’année; b) détient des actifs dont la juste valeur marchande totale est inférieure à 50 000 $ tout au long de l’année, si les seuls actifs détenus par la fiducie au cours de l’année sont constitués de l’un ou plusieurs des éléments suivants : (i) des espèces, (ii) un titre de créance visé à l’alinéa a) de la définition d’intérêts entièrement exonérés au paragraphe 212(3), (iii) une action, une créance ou un droit coté à une bourse de valeurs désignée, (iv) une action du capital-actions d’une société de placement à capital variable, (v) une unité d’une fiducie de fonds commun de placement, (vi) une participation dans une fiducie créée à l’égard du fonds réservé, au sens de l’alinéa 138.1(1)a), (vii) une participation à titre de bénéficiaire d’une fiducie dont la totalité des unités sont cotées à une bourse de valeurs désignée; c) est tenue, selon les règles pertinentes de conduite professionnelle ou des lois du Canada ou d’une province, de détenir des fonds pour l’activité qui est réglementée en vertu de ces règles ou de ces lois, pourvu que la fiducie ne soit pas utilisée comme une fiducie distincte pour un ou plusieurs clients donnés; d) est un organisme de bienfaisance enregistré; e) est un cercle ou une association visé à l’alinéa 149(1)l); f) est une fiducie de fonds commun de placement; g) est une fiducie créée à l’égard du fonds réservé, au sens de l’alinéa 138.1(1)a); h) est une fiducie dont la totalité des unités sont cotées à une bourse de valeurs désignée; i) est une fiducie principale visée par règlement; j) est une succession assujettie à l’imposition à taux progressifs; (i) a deferred profit sharing plan, (ii) a pooled registered pension plan, (iii) a registered disability savings plan, (iv) a registered education savings plan, (v) a registered pension plan, (vi) a registered retirement income fund, (vii) a registered retirement savings plan, (viii) a tax-free savings account, (ix) an employee profit sharing plan, (x) a registered supplementary unemployment benefit plan, or (xi) a first home savings account; Solicitor-client privilege k) est une fiducie admissible pour personne handicapée, au sens du paragraphe 122(3); l) est une fiducie de soins de santé au bénéfice d’employés; m) est une fiducie visée à l’alinéa 81(1)(g.3); n) est une fiducie instituée en vertu de l’un des régimes, fonds ou compte ci-après, ou régie par l’un d’eux : (i) un régime de participation différée aux bénéfices, (ii) un régime de pension agréé collectif, (iii) un régime enregistré d’épargne-invalidité, (iv) un régime enregistré d’épargne-études, (v) un régime de pension agréé, (vi) un fonds enregistré de revenu de retraite, (vii) un régime enregistré d’épargne-retraite, (viii) un compte d’épargne libre d’impôt, (ix) un régime de participation des employés aux bénéfices, (x) un régime enregistré de prestations supplémentaires de chômage, (xi) un compte d’épargne libre d’impôt pour l’achat d’une première propriété; o) est une fiducie pour l’entretien d’un cimetière ou une fiducie régie par un arrangement de services funéraires; p) est une fiducie admissible, au sens du paragraphe 135.2(1). Simples fiducies et arrangements — inclusion (1.3) Pour l’application du présent article, une fiducie comprend l’arrangement dans le cadre duquel il est raisonnable de considérer qu’une fiducie agit en qualité de mandataire de l’ensemble de ses bénéficiaires pour ce qui est des opérations portant sur ses biens. Secret professionnel (1.4) Il est entendu que les paragraphes (1.1) à (1.3) n’ont pas pour effet d’exiger la communication d’informations assujetties au privilège des communications entre client et avocat. Demands for returns Trustees, etc. Death of partner or proprietor
Where A + B - C where B C Excluded disposition [NOTE: Application provisions are not included in the consolidated text; see relevant amendments and regulations.] – R.S., 1985, c. 1 (5th Supp.), s. 150; 1994, c. 7, Sch. II, s. 124; 2001, c. 17, s. 147; 2002, c. 8, s. 28; 2012, c. 19, s. 8; 2022, c. 19, s. 53; 2024, c. 17, s. 55. A représente le total des montants représentant chacun le revenu du particulier tiré d’une entreprise pour un exercice abrégé, B le total des montants représentant chacun un montant déduit en application du paragraphe 34.2(8) dans le calcul du revenu du particulier pour l’année d’imposition de son décès, C le total des montants représentant chacun un montant inclus en application du paragraphe 34.1(9) dans le calcul du revenu du particulier pour l’année d’imposition de son décès, d) sous réserve des articles 114.2 et 118.93, l’autre personne aurait droit aux déductions auxquelles le particulier a droit aux termes des articles 110, 118 à 118.7 et 118.9 pour l’année d’imposition, selon le cas, de son revenu imposable pour l’année ou de son impôt payable pour l’année en vertu de la présente partie. Disposition exclue
Pour l’application du présent article, la disposition d’un bien effectuée par un contribuable au cours d’une année d’imposition est une disposition exclue si les conditions suivantes sont réunies : a) le contribuable est un non-résident au moment de la disposition; b) aucun impôt n’est payable par le contribuable pour l’année en vertu de la présente partie; c) au moment de la disposition, le contribuable n’est pas tenu de payer une somme en vertu de la présente loi pour une année d’imposition antérieure (sauf s’il s’agit d’une somme pour laquelle le ministre a accepté et détient une garantie suffisante en vertu des articles 116 ou 220); d) chaque bien canadien imposable dont le contribuable a disposé au cours de l’année est, selon le cas : (i) un bien exclu, au sens du paragraphe 116(6), (ii) un bien relativement à la disposition duquel le ministre a délivré un certificat au contribuable en vertu des paragraphes 116(2), (4) ou (5.2). [NOTE : Les dispositions d’application ne sont pas incluses dans le présent texte consolidé; voir les modifications et règlements pertinents.] – L.R. (1985), ch. 1 (5e suppl.), art. 150; 1994, ch. 7, ann. II, art. 124; 2001, ch. 17, art. 147; 2002, ch. 8, art. 28; 2012, ch. 19, art. 8; 2022, ch. 19, art. 53; 2024, ch. 17, art. 55. Transmission électronique
Definition of tax preparer Electronic filing — tax preparer Exceptions Declaration Electronic notice of assessment [1994, c. 7, Sch. II, s. 88; 8, c. 7, s. 75; 2001, c. 17, s. 148; 2009, c. 2, s. 5; 2012, c. 19, s. 9; 2023, c. 26, s. 48.] Estimate of Tax [1970-71-72, c. 63, s. 1 “151”.] (b) the amount of tax, if any, deemed by any of subsections 120(2) or (2.2), 122.5(3) to (3.003), 122.51(2), 122.7(2) or (3), 122.72(1), 122.84(4), 122.9(2), 122.91(1), 125.4(3), 125.5(3), 125.6(2) or (2.1), 127.1(1), 127.41(3), 127.44(2), 127.45(2), 127.48(2), 127.49(2) or 210.2(3) or (4) to be paid on account of the taxpayer’s tax payable under this Part for the year. Determination of losses Determination under subsection 245(2) Application of s. 245(1) (1.111) The definitions in subsection 245(1) apply to subsection 152(1.11). Provisions applicable (a) subsections (1) and (2) do not apply to determinations made under subsections (1.01), (1.1) and (1.11); b) il peut, dans tout cas non visé à l’alinéa a), déterminer tout montant visé à l’alinéa a); c) il doit, si un montant est déterminé en vertu du présent paragraphe, dès que possible envoyer au contribuable un avis lui indiquant ce montant. Application du par. 245(1) (1.111) Les définitions figurant au paragraphe 245(1) s’appliquent au paragraphe (1.11). Cas où la détermination ne peut se faire (1.12) Le ministre ne peut déterminer un montant en application du paragraphe (1.11) en ce qui concerne un contribuable à un moment où ce montant n’est pris en compte que pour calculer, en application de la présente loi, le revenu, le revenu imposable ou le revenu imposable gagné au Canada du contribuable ou l’impôt ou une autre montant payable par le contribuable ou un montant qui lui est remboursable, pour une année d’imposition se terminant avant ce moment. Dispositions applicables (1.2) Les alinéas 56(1)(l) et 60(o), la présente section et la section J, dans la mesure où ces dispositions portent sur une cotisation ou une nouvelle cotisation ou sur l’établissement d’une cotisation ou d’une nouvelle cotisation concernant l’impôt, s’appliquent, avec les modifications nécessaires, à toute détermination ou nouvelle détermination effectuée selon le paragraphe (1.01) et à toute détermination ou nouvelle détermination d’un montant en application de la présente section ou aux montants qui sont réputés par l’article 122.61 être des paiements en trop au titre des sommes dont un contribuable est redevable en vertu de la présente partie. Toutefois : a) les paragraphes (1) et (2) ne s’appliquent pas aux déterminations ou aux montants déterminés en application des paragraphes (1.01), (1.1) et (1.11); b) le montant d’une perte autre qu’une perte en capital, d’une perte en capital nette, d’une perte agricole restreinte, d’une perte agricole ou d’une perte comme commanditaire subie par un contribuable pour une année d’imposition ne peut faire l’objet d’une détermination initiale par le ministre qu’à la demande du contribuable; c) le paragraphe 164(4.1) ne s’applique pas aux montants déterminés en application du paragraphe (1.4); d) si le ministre établit que le montant qui est réputé, en vertu des paragraphes 122.53(3) à (3.003), 122.72(1) ou 122.8(4), avoir été payé par un particulier pour une Determination binding Notice of determination Ministre et contribuable liés (1.3) Il est entendu que lorsque le ministre détermine le montant d’une perte autre qu’une perte en capital, d’une perte en capital nette, d’une perte agricole restreinte, d’une perte agricole ou d’une perte comme commanditaire subie par un contribuable pour une année d’imposition ou détermine un montant en application du paragraphe (1.11) en ce qui concerne un contribuable, le montant ainsi déterminé lie à la fois le ministre et le contribuable en vue du calcul, pour une année d’imposition, du revenu, du revenu imposable ou du revenu imposable gagné au Canada du contribuable ou de l’impôt ou d’un autre montant payable par celui-ci, d’un montant qui lui est remboursable ou d’un montant réputé avoir été payé, ou payé en trop, par lui en vertu de la présente partie. Cette détermination se fait dans les trois ans suivant le dernier en date des jours suivants : a) le jour où, au plus tard, un associé de la société de personnes est tenu par l’article 229 du Règlement de l’impôt sur le revenu de remplir une déclaration de renseignements pour l’exercice, ou serait ainsi tenu si ce n’était le paragraphe 220(2.1); b) le jour où la déclaration est produite. Avis de détermination (1.5) Le ministre envoie un avis de la détermination effectuée en application du paragraphe (1.4) à la société de personnes concernée et à chaque personne qui en était un associé au cours de l’exercice. Absence d’avis (1.6) La détermination effectuée en application du paragraphe (1.4) pour un exercice n’est pas invalide du seul Income Tax PART I Income Tax
Time to assess Impôt sur le revenu
Cotisation
fait qu’une ou plusieurs personnes qui étaient des associés de la société de personnes concernée au cours de l’exercice n’ont pas reçu d’avis de détermination. Ministre et associés liés (1.7) Les règles suivantes s’appliquent lorsque le ministre détermine un montant en application du paragraphe (1.4) ou détermine un montant de nouveau relativement à une société de personnes : a) sous réserve des droits d’opposition et d’appel de l’associé de la société de personnes visé au paragraphe 165(1.15) relativement au montant déterminé ou déterminé de nouveau, la détermination ou nouvelle détermination lie le ministre ainsi que les associés de la société de personnes pour ce qui est du calcul, pour une année d’imposition, du revenu, du revenu imposable ou du revenu imposable gagné au Canada des associés, de l’impôt ou d’un autre montant payable par eux ou d’un montant qui leur est remboursable ou d’un montant réputé avoir été payé, ou payé en trop, par eux, en vertu de la présente partie; b) malgré les paragraphes (4), (4.01), (4.1) et (5), le ministre peut, avant la fin du jour qui tombe un an après l’expiration de tous les droits d’opposition et d’appel relativement au montant déterminé ou déterminé de nouveau, établir les cotisations voulues concernant l’impôt, les intérêts, les pénalités ou d’autres montants payables et déterminer les montants réputés avoir été payés, ou payés en trop, en vertu de la présente partie relativement à un associé de la société de personnes et tout autre contribuable pour une année d’imposition pour tenir compte du montant déterminé ou déterminé de nouveau ou d’une décision de la Cour canadienne de l’impôt, de la Cour d’appel fédérale ou de la Cour suprême du Canada. (1.8) Lorsqu’un montant est déterminé en application du paragraphe (1.4) pour un exercice pour des représentations faites au ministre selon lesquelles une personne était un associé d’une société de personnes pour l’exercice et que le ministre, la Cour canadienne de l’impôt, la Cour d’appel fédérale ou la Cour suprême du Canada conclut, à un moment ultérieur, que la société de personnes n’a pas existé pour l’exercice ou que la personne n’en a pas été associée tout au long de l’exercice, le ministre peut, dans l’année suivant le moment ultérieur et malgré les paragraphes (4), (4.1) et (5), établir pour une année d’imposition une cotisation concernant l’impôt, les intérêts, les pénalités ou d’autres montants payables par un contribuable, ou déterminer pour une année d’imposition un montant qui est réputé avoir été payé ou payé en trop par lui, en vertu de la présente partie seulement Waiver of determination limitation period dans la mesure où il est raisonnable de considérer que la cotisation ou la détermination, selon le cas : a) se rapporte à une question qui a été prise en compte lors de la détermination du montant en application du paragraphe (1.4); b) découle de la conclusion selon laquelle la société de personnes n’existait pas au cours de l’exercice; c) découle de la conclusion selon laquelle la personne n’a pas été un associé de la société de personnes tout au long de l’exercice. Renonciation visant la période de détermination (1.9) Un associé d’une société de personnes peut présenter une renonciation à la période pendant laquelle le ministre peut faire la détermination prévue au paragraphe (1.4) relativement à la société de personnes pour un exercice. Pour ce faire, il doit : a) soit être désigné à cette fin dans la déclaration de renseignements exigée en application de l’article 229 du Règlement de l’impôt sur le revenu pour l’exercice; b) soit y être expressément autorisé par la société de personnes. Avis de cotisation
Après examen d’une déclaration, le ministre envoie un avis de cotisation à la personne qui a produit la déclaration. Responsabilité indépendante de l’avis
Le fait qu’une cotisation est inexacte ou incomplète ou qu’aucune cotisation n’a été faite n’a pas d’effet sur les responsabilités du contribuable à l’égard de l’impôt prévu par la présente partie. Période normale de nouvelle cotisation (3.1) Pour l’application des paragraphes (4), (4.01), (4.2), (4.3), (4.31), (5) et (9), la période normale de nouvelle cotisation applicable à un contribuable pour une année d’imposition s’entend des périodes suivantes : a) autre que suivant soit la fin de l’année d’un avis de première cotisation en vertu de la présente partie concernant pour l’année, soit, si elle est antérieure, la date d’envoi d’une première notification portant qu’aucun impôt n’est payable pour l’année, si, à la fin de l’année, le contribuable est une fiducie de fonds commun de placement ou une société autre qu’une société privée sous contrôle canadien; Notice of determination COVID-19 — notice of determination (3.5) [Repealed, 2013, c. 34, s. 309] b) trois ans suivant celle de ces dates qui est antérieure à l’autre, dans les autres cas. Détermination du paiement en trop réputé (3.2) Un contribuable peut, au cours d’un mois, demander au ministre, par écrit, de déterminer le montant réputé par le paragraphe 122.61(1) être un paiement en trop, qui se produit au cours de ce mois ou de l’un ou plusieurs des onze mois précédents, au titre des sommes dont il est redevable en vertu de la présente partie pour une année d’imposition. Avis de détermination (3.3) Sur réception de la demande visée au paragraphe (3.2), le ministre, avec diligence, détermine les montants réputés par le paragraphe 122.61(1) être des paiements en trop, qui se produisent au cours des mois visés dans la demande, au titre des sommes dont le contribuable est redevable en vertu de la présente partie, ou détermine qu’aucun semblable montant n’existe. Il avise alors le contribuable, par écrit, de sa détermination. COVID-19 — avis de détermination (3.4) Le ministre peut, à tout moment, déterminer le montant réputé par les paragraphes 125.7(2) à (2.2) être un paiement en trop qui se produit au cours d’une période d’admissibilité (au sens du paragraphe 125.7(1)), au titre des sommes dont le contribuable est redevable en vertu de la présente partie, ou déterminer qu’aucun montant n’existe et envoyer un avis de détermination au contribuable. (3.5) [Abrogé, 2013, ch. 34, art. 309] Cotisation et nouvelle cotisation
Le ministre peut établir une cotisation, une nouvelle cotisation ou une cotisation supplémentaire concernant l’impôt pour une année d’imposition, ainsi que les intérêts ou les pénalités, qui sont payables par un contribuable en vertu de la présente partie ou donner avis par écrit qu’aucun impôt n’est payable pour l’année à toute personne qui a produit une déclaration de revenu pour une année d’imposition. Pareille cotisation ne peut être établie après l’expiration de la période normale de nouvelle cotisation applicable au contribuable pour l’année que dans les cas suivants : a) le contribuable ou la personne produisant la déclaration : (i) soit a fait une présentation erronée des faits, par négligence, inattention ou omission volontaire, ou a commis quelque fraude en produisant la déclaration ou en fournissant quelque renseignement sous le régime de la présente loi, (ii) soit a présenté au ministre une renonciation, selon le formulaire prescrit, au cours de la période normale de nouvelle cotisation applicable au contribuable pour l’année; b) la cotisation est établie avant le jour qui suit de trois ans la fin de la période normale de nouvelle cotisation applicable au contribuable pour l’année et, selon le cas : (i) est à établir en vertu du paragraphe (6) ou (6.1), ou le serait si le contribuable avait déduit une somme en présentant le formulaire prescrit visé à ce paragraphe au plus tard le jour mentionné à ce paragraphe, (ii) est établie par suite de l’établissement, en application du présent alinéa ou du paragraphe (6), d’une cotisation d’un autre contribuable concernant l’impôt payable par un autre contribuable, (iii) est établie, selon le cas : (A) par suite de la conclusion d’une opération (au sens du paragraphe 247(1)) impliquant le contribuable et une personne non-résidente avec laquelle il avait un lien de dépendance, (B) relativement à un revenu, une perte ou un autre montant relatif à une société étrangère affiliée du contribuable, (iii.1) si le contribuable est un non-résident exploitant une entreprise au Canada, est établie par suite : (A) soit d’une attribution, par le contribuable, de recettes ou de dépenses au titre de l’entreprise canadienne (sauf des recettes et des dépenses se rapportant uniquement à l’entreprise canadienne qui sont inscrits dans les documents comptables de celle-ci et étayés de documents conservés au Canada), (B) soit d’une opération théorique entre le contribuable et son entreprise canadienne, qui est reconnue aux fins du calcul d’un montant en vertu de la présente loi ou d’un traité fiscal applicable, (iv) est établie par suite d’un paiement supplémentaire ou d’un remboursement d’impôt sur le revenu ou sur les bénéfices effectué au gouvernement d’un pays étranger, d’un état, d’une province ou autre Income Tax PART I Income Tax ASSESSMENT
Impôt sur le revenu
Cotisation
(v.1) est établie à l’égard d’un montant déduit en vertu du paragraphe 127(5) relativement à une dépense minière de minéral critique déterminée au sens du paragraphe 127(9), (vi) est établie en vue de l’application des paragraphes 118.1(15) ou (16), (vii) est établie en vue de l’application des articles 94, 94.1 ou 94.2, (viii) est établie en vue de l’application de l’article 245 relativement à une opération, sauf si le contribuable a divulgué l’opération au ministre conformément aux articles 237.3 ou 237.4; b.1) la déclaration de renseignements visée au paragraphe 237.1(7) qui doit être produite à l’égard d’une réduction ou d’une demande faite par le contribuable relativement à un abri fiscal n’est pas produite selon les modalités et dans les délais prévus, et la cotisation, la nouvelle cotisation ou la cotisation supplémentaire est établie avant la date qui est de trois ans de la date à laquelle la déclaration est produite; b.2) la cotisation, la nouvelle cotisation ou la cotisation supplémentaire est établie avant la date qui suit de trois ans la fin de la période normale de nouvelle cotisation applicable au contribuable pour l’année et, à la fois : (i) le contribuable, ou une société de personnes dont il est un associé, a omis de produire pour l’année le formulaire prescrit selon les modalités et dans le délai prévus au paragraphe 233.3(3) ou d’indiquer dans ce formulaire les renseignements exigés relativement à un bien étranger déterminé, au sens du paragraphe 233.3(1), qu’il détient au cours de l’année, (ii) le contribuable a omis d’indiquer, dans la déclaration de revenu pour l’année, une somme relative à un bien étranger déterminé qui est à inclure dans le calcul de son revenu pour l’année; b.3) les énoncés ci-après se vérifient : (i) le contribuable, ou une société de personnes dont il est un associé (directement ou indirectement par l’intermédiaire d’une ou plusieurs autres sociétés de personnes), dispose au cours de l’année d’un bien immobilier ou réel, (ii) le contribuable n’est pas une fiducie de placement immobilier (au sens du paragraphe 122.1(1)) pour l’année, (iii) si la disposition est effectuée par une société ou une société de personnes, le bien est une immobilisation de la société ou de la société de personnes, selon le cas, (iv) la disposition n’est pas indiquée dans de déclarations de revenu ci-après qui s’applique : (A) si la disposition est effectuée par le contribuable, la déclaration de revenu de celui-ci prévue par la présente partie pour l’année, (B) si la disposition est effectuée par une société de personnes, la déclaration de revenu de celle-ci qu’elle est tenue de produire pour l’année en vertu de l’article 229 du Règlement de l’impôt sur le revenu, (v) si la disposition n’est pas indiquée dans la déclaration applicable visée aux divisions (iv)(A) ou (B) et que le contribuable déclare la disposition par la suite en produisant une déclaration sur le formulaire prescrit modifiant le revenu du contribuable prévu par la présente partie pour l’année, la cotisation, la nouvelle cotisation ou la cotisation supplémentaire est établie avant le troisième anniversaire de la date de production du formulaire prescrit modifiant la déclaration; b.4) une cotisation, une nouvelle cotisation ou une cotisation supplémentaire est établie avant le jour qui est de six ans de la fin de la période normale de nouvelle cotisation applicable au contribuable pour l’année dans le cas où, à la fois : (i) une nouvelle cotisation concernant l’impôt pour l’année était à établir en vertu du paragraphe (6), ou l’aurait été si le contribuable avait déduit une somme en présentant le formulaire prescrit visé à ce paragraphe au plus tard le jour mentionné à ce paragraphe afin de tenir compte d’une déduction demandée en vertu de l’article 111 relativement à une perte pour une année d’imposition subséquente, (ii) une cotisation, une nouvelle cotisation ou une cotisation supplémentaire a été établie, ou une notification portant qu’aucun impôt n’est payable a été donnée, après la période normale de nouvelle cotisation relativement à l’année d’imposition subséquente visée au sous-alinéa (i) par suite de la conclusion d’une opération impliquant le contribuable et une personne non-résidente avec laquelle il avait un lien de dépendance, (iii) la cotisation, la nouvelle cotisation, la cotisation supplémentaire ou une notification portant qu’aucun impôt n’est payable, visée au sous-alinéa (ii), a réduit le montant de la perte pour l’année d’imposition subséquente; b.5) la déclaration de renseignements qui doit être produite en vertu du paragraphe 237.3(2) au titre d’une opération à déclarer (au sens du paragraphe 237.3(1)), conclue par le contribuable ou pour son compte, n’est pas produite selon les modalités et dans les délais prévus, et la cotisation, la nouvelle cotisation ou la cotisation supplémentaire est établie avant la date qui suit, selon le cas : (i) dans le cas d’un contribuable visé à l’alinéa (3.1)a), de quatre ans de la date à laquelle la déclaration est produite, (ii) dans les autres cas, de trois ans de la date à laquelle la déclaration est produite; b.6) la déclaration de renseignements qui doit être produite en vertu du paragraphe 237.4(4) au titre d’une opération à signaler (au sens du paragraphe 237.4(1)), conclue par le contribuable ou pour son compte, n’est pas produite selon les modalités et dans les délais prévus, et la cotisation, la nouvelle cotisation ou la cotisation supplémentaire est établie avant la date qui suit, selon le cas : (i) dans le cas d’un contribuable visé à l’alinéa (3.1)a), de quatre ans de la date à laquelle la déclaration est produite, (ii) dans les autres cas, de trois ans de la date à laquelle la déclaration est produite; b.7) la déclaration de renseignements qui doit être produite en vertu du paragraphe 237.5(2) au titre d’un traitement fiscal incertain à déclarer (au sens du paragraphe 237.5(1)) du contribuable n’est pas produite selon les modalités et dans les délais prévus, et la cotisation, la nouvelle cotisation ou la cotisation supplémentaire est établie avant la date qui suit, selon le cas : (ii) in respect of the application of paragraph 12(1)(l.2), subsection 18.2(2), clause 95(2)(f)(ii)(D) or (E) or paragraph 111(1)(a.1); Income Tax PART I Income Tax
Impôt sur le revenu
Cotisations
(i) dans le cas du contribuable visé à l’alinéa (3.1)a), de quatre ans le jour où le formulaire est produit, (ii) dans les autres cas, de trois ans le jour où le formulaire est produit; b.92) un formulaire prescrit qui doit être produit en vertu du paragraphe 127.48(24) par le contribuable, ou une société de personnes dont il est associé, n’est pas produit selon les modalités et dans les délais prévus, et la cotisation, la nouvelle cotisation ou la cotisation supplémentaire est établie relativement aux montants, aux opérations ou aux événements visés à l’un des paragraphes 127.48(21), (22) ou (25) à (28) avant la date qui suit, selon le cas : (i) dans le cas du contribuable visé à l’alinéa (3.1)a), de quatre ans le jour où le formulaire est produit, (ii) dans les autres cas, de trois ans le jour où le formulaire est produit; b.94) la cotisation, la nouvelle cotisation ou la cotisation supplémentaire est établie avant le jour qui suit de trente-six mois la fin de la période normale de nouvelle cotisation applicable au contribuable pour l’année et vise une disposition dans l’année d’actions du capital-actions d’une société à l’égard de laquelle le contribuable a demandé une déduction en vertu du paragraphe 110.6(2); c) le contribuable ou la personne produisant la déclaration de revenu a présenté au ministre une renonciation, selon le formulaire prescrit, dans le cours de la période additionnelle de trois ans mentionnée aux alinéas b) ou b.1);
c.1) le contribuable ou la personne produisant la déclaration de revenu a présenté au ministre une renonciation, selon le formulaire prescrit, au cours de la période additionnelle de trois ans mentionnée à l’alinéa b.2); d) par suite d’un changement intervenu dans l’attribution du revenu imposable du contribuable gagné dans une province, déterminé selon la législation d’une province qui prévoit des règles semblables à celles établies par règlement pour l’application de l’article 124, une cotisation, une nouvelle cotisation ou une cotisation supplémentaire (appelée « nouvelle cotisation provinciale » au présent alinéa) est établie à l’égard de l’impôt à payer ou une société pour une année d’imposition en vertu d’une loi provinciale aux termes de laquelle la société est assujettie à un impôt semblable à celui prévu par la présente partie et, par suite de la nouvelle cotisation provinciale, une cotisation, une nouvelle cotisation ou une cotisation supplémentaire est établie au plus tard le jour qui suit de quatre-vingt-dix jours le jour suivant la fin de l’année de la nouvelle cotisation provinciale : (i) le jour où le ministre est avisé de la nouvelle cotisation provinciale, (ii) le quatre-vingt-dixième jour suivant la date d’envoi de l’avis de la nouvelle cotisation provinciale. (iv) the payment or reimbursement referred to in subparagraph 152(4)(b)(iv), (v) the reduction referred to in subparagraph 152(4)(b)(v), (vi) the application referred to in subparagraph 152(4)(b)(vi), (x.1) [Repealed, 2024, c. 17, s. 80] (x.2) [Repealed, 2024, c. 17, s. 80] (xi) the transaction referred to in subparagraph (4)(b)(viii), (d) if paragraph (4)(b.4) applies to the assessment, reassessment or additional assessment, the reduction under subparagraph (4)(b.4)(iii). b) en cas d’application de l’un des alinéas (4)(b), b.1) ou b.5) à c) : (i) la cotisation, la nouvelle cotisation ou la cotisation supplémentaire à laquelle s’applique le sous-alinéa(4)(b)(i), (ii) la cotisation ou la nouvelle cotisation visée au sous-alinéa (4)(b)(ii), (iii) l’opération, le revenu, la perte ou l’autre montant visés au sous-alinéa (4)(b)(iii), (iv) le paiement ou le remboursement visé au sous-alinéa (4)(b)(iv), (v) la réduction visée au sous-alinéa (4)(b)(v), (vi) l’application visée au sous-alinéa (4)(b)(vi), (vii) la déduction ou la demande visée à l’alinéa (4)(b.1), (viii) l’opération à déclarer visée à l’alinéa (4)(b.5), (ix) l’opération à signaler visée à l’alinéa (4)(b.6), (x) une opération, ou une série d’opérations, à laquelle le traitement fiscal incertain à déclarer visé à l’alinéa (4)(b.7) se rapporte, (x.1) [Abrogé, 2024, ch. 17, art. 80] (x.2) [Abrogé, 2024, ch. 17, art. 80] (xi) l’opération visée au sous-alinéa (4)(b)(viii), (xii) les opérations ou événements visés à l’alinéa (4)(b.91), (xiii) les montants, opérations ou événements visés à l’alinéa (4)(b.92), (xiv) les opérations ou événements visés à l’alinéa (4)(b.93); c) en cas d’application de l’alinéa (4)(b.3) à la cotisation, la nouvelle cotisation ou la cotisation supplémentaire, la disposition mentionnée à cet alinéa; d) en cas d’application de l’alinéa (4)(b.4) à la cotisation, la nouvelle cotisation ou la cotisation supplémentaire, la réduction visée au sous-alinéa (4)(b.4)(iii). If waiver revoked Révocation de la renonciation (4.1) Dans le cas où le ministre aurait, en l’absence du présent paragraphe, le droit d’établir une nouvelle cotisation, une cotisation supplémentaire ou une cotisation concernant l’impôt, les intérêts et les pénalités en vertu seulement de la présentation d’une renonciation selon le sous-alinéa (4)a)(ii) ou les alinéas (4)c) ou c.1), le ministre ne peut établir une nouvelle cotisation, cotisation supplémentaire ou cotisation concernant l’impôt, les intérêts ou les pénalités plus de six mois après la date de présentation, selon le formulaire prescrit, de l’avis de révocation de la renonciation. Nouvelle cotisation et nouvelle détermination (4.2) Malgré les paragraphes (4), (4.1) et (5), pour déterminer, à un moment donné après la fin de la période normale de nouvelle cotisation applicable à un contribuable — particulier (autre qu’une fiducie) ou succession assujettie à l’imposition à taux progressifs — pour une année d’imposition, le remboursement auquel le contribuable a droit à ce moment pour l’année ou la réduction d’un montant payable par le contribuable pour l’année en vertu de la présente partie, le ministre peut, si le contribuable présente une demande en ce sens au plus tard le jour qui suit de dix années civiles la fin de l’année d’imposition, à la fois : a) établir de nouvelles cotisations concernant l’impôt, les intérêts ou les pénalités payables par le contribuable pour l’année en vertu de la présente partie; b) déterminer de nouveau l’impôt qui est réputé, par les paragraphes 120(2) ou (2.2), 122.5(3) à (3.003), 122.51(2), 122.7(3) ou (3), 122.8(4), 122.9(2), 122.91(1), 127.1(1), 127.41(3) ou 210.2(3) ou (4), avoir été payé au titre de l’impôt payable par le contribuable en vertu de la présente partie pour l’année ou qui est réputé, par le paragraphe 122.61(1), être un paiement en trop au titre des sommes dues par le contribuable en vertu de la présente partie pour l’année. Cotisation corrélative (4.3) Malgré les paragraphes (4), (4.1) et (5), lorsqu’une cotisation ou une décision d’appel a pour effet de modifier un solde donné applicable à un contribuable pour une année d’imposition donnée, le ministre peut, si le contribuable en fait la demande par écrit, doit, avant la date qui correspond au dernier en date de l’expiration de la période normale de nouvelle cotisation à l’égard d’une année d’imposition subséquente et de la fin du jour qui suit d’un an l’expiration de tous les droits d’opposition ou d’appel relatifs à l’année donnée, établir une nouvelle cotisation à l’égard de l’impôt, des intérêts ou des pénalités payables par le contribuable, déterminer de nouveau un montant réputé avoir été payé, ou payé en trop, par le contribuable ou modifier un remboursement ou un autre montant. Definition of balance lui ou modifier le montant d’un remboursement ou une autre somme qui lui est payable, en vertu de la présente partie pour l’année subséquente, mais seulement dans la mesure où il est raisonnable de considérer que la nouvelle cotisation, la nouvelle détermination ou la modification se rapporte à la modification du solde donné applicable au contribuable pour l’année donnée. Cotisation corrélative de l’impôt de la partie IV (4.31) Malgré les paragraphes (4), (4.1) et (5), lorsqu’un contribuable reçoit, dans une année d’imposition, un dividende imposable d’une société qui, par l’effet du paiement du dividende, a droit à un remboursement au titre des dividendes, le ministre peut, dans un délai d’un an suivant l’expiration de la période normale de nouvelle cotisation du contribuable pour l’année, établir une cotisation ou une nouvelle cotisation à l’égard de l’impôt, des intérêts ou des pénalités payables par le contribuable en vertu de la partie IV à l’égard du dividende imposable. Sens de solde (4.4) Pour l’application du paragraphe (4.3), le solde applicable à un contribuable pour une année d’imposition est le revenu, le revenu imposable, le revenu imposable gagné au Canada ou une perte du contribuable pour l’année, un impôt ou autre montant payable par lui pour l’année, un montant qui lui est remboursable pour l’année ou un montant réputé avoir été payé, ou payé en trop, par lui pour l’année. Limite de la cotisation
N’est pas à inclure dans le calcul du revenu d’un contribuable pour une année d’imposition en vue de l’établissement, après la période normale de nouvelle cotisation qui lui est applicable pour l’année, d’une cotisation, d’une nouvelle cotisation ou d’une cotisation supplémentaire en vertu de la présente partie le montant qui n’a pas été inclus dans le calcul de son revenu en vue de l’établissement, avant la fin de cette période, d’une cotisation, d’une nouvelle cotisation ou d’une cotisation supplémentaire en vertu de cette partie. Nouvelle cotisation en cas de nouvelles déductions
Lorsqu’un contribuable a produit la déclaration de revenu exigée par l’article 150 pour une année d’imposition et que, par la suite, une somme est demandée pour l’année par lui ou en son compte à titre de : a) déduction, en application de l’alinéa 3e) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, résultant de son décès dans une année d’imposition ultérieure ayant entraîné l’application de l’article 71 de la même loi relativement à une perte en capital déductible pour l’année; (c.1) [Repealed, 2013, c. 34, s. 309] (d) a deduction under subsection 127(5) in respect of property acquired or an expenditure made in a subsequent taxation year, (e) [Repealed, 2013, c. 34, s. 309] b) déduction d’un montant en vertu de l’article 41 relativement à sa perte relative à des biens meubles déterminés pour une année d’imposition ultérieure; b.1) déduction, en application de l’alinéa 60i), relativement à une prime, au sens du paragraphe 146(1), versée au cours d’une année d’imposition ultérieure dans le cadre d’un régime enregistré d’épargne-retraite et déductible en application du paragraphe 146(6.1); c) déduction, en application de l’article 118.1, relativement à un don fait au cours d’une année d’imposition ultérieure ou, en application de l’article 111, relativement à une perte subie pour une année d’imposition ultérieure;
c.1) [Abrogé, 2013, ch. 34, art. 309] d) déduction, en application du paragraphe 127(5), relativement à des biens acquis ou des dépenses faites au cours d’une année d’imposition ultérieure; e) [Abrogé, 2013, ch. 34, art. 309] f) déduction en application de l’article 125.3, au titre d’un crédit d’impôt inutilisé (au sens du paragraphe 125.3(3)), pour une année d’imposition ultérieure; f.1) déduction, en application du paragraphe 126(2), relativement à la fraction inutilisée du crédit pour impôt étranger (au sens du paragraphe 126(7)) ou, en application des paragraphes 126(2.21) ou (2.22), relativement aux impôts étrangers payés, pour une année d’imposition ultérieure; f.2) déduction en application du paragraphe 128.1(8), par suite d’une disposition effectuée au cours d’une année d’imposition ultérieure; f.3) déduction en application des paragraphes 146.8(9) ou (8.92), 146.6(3.2) ou (6.3) ou 147.5(14) ou (19) (y compris, pour l’application du présent paragraphe, toute réduction d’un montant devant par ailleurs dans le calcul du revenu d’un contribuable); g) déduction, en application du paragraphe 147.2(4), du fait que le paragraphe 147.2(6) s’applique par suite du décès du contribuable au cours de l’année d’imposition subséquente; h) déduction à cause d’un choix pour une année d’imposition ultérieure effectué par son représentant légal en vertu de l’alinéa 164(6)c) ou d), (6.1) If en présentant au ministre, au plus tard le jour où le contribuable est tenu, ou le serait s’il était tenu de payer de l’impôt en vertu de la présente partie pour cette année d’imposition ultérieure, de produire en vertu de l’article 150 une déclaration de revenu pour cette année d’imposition ultérieure, un formulaire prescrit modifiant la déclaration, le ministre doit fixer de nouveau l’impôt du contribuable pour toute année d’imposition pertinente (autre qu’une année d’imposition antérieure à l’année donnée) afin de tenir compte de la déduction demandée. Nouvelle cotisation en cas de réduction d’une somme incluse en application du paragraphe 91(1) (6.1) Le ministre établit une nouvelle cotisation dans le cas où les conditions ci-après sont réunies : a) un contribuable a produit, pour une année d’imposition donnée, la déclaration de revenu exigée par l’article 150; b) la somme incluse, en application du paragraphe 91(1), dans le calcul du revenu pour l’année donnée est ultérieurement réduite en raison d’une réduction du revenu étranger accumulé d’une société affiliée pour une année d’imposition de celle-ci se terminant dans une année d’imposition ultérieure du contribuable, selon le cas : (i) la réduction est, à la fois : (A) attribuable à une perte étrangère accumulée, relative à des biens, au sens du paragraphe 5903(3) du Règlement de l’impôt sur le revenu, de la société affiliée pour une année d’imposition de celle-ci se terminant dans une année d’imposition ultérieure du contribuable, et (B) comprise dans la valeur de l’élément F de la formule figurant à la définition de revenu étranger accumulé, tiré de biens, au paragraphe 95(1), relativement à la société affiliée pour l’année de la demande, (ii) la réduction est, à la fois : (A) attribuable à une perte en capital étrangère accumulée, au sens du paragraphe 5903.1(3) du Règlement de l’impôt sur le revenu, de la société affiliée pour une année d’imposition de celle-ci se terminant dans une année d’imposition ultérieure du contribuable, et (B) comprise dans la valeur de l’élément F.I de la formule figurant à la définition de revenu étranger accumulé, tiré de biens, au Income Tax PART I Income Tax
Impôt sur le revenu
Cotisation
c) le contribuable a présenté au ministre, au plus tard à la date d’échéance de production qui lui est applicable pour cette année d’imposition ultérieure, un formulaire prescrit modifiant la déclaration. La nouvelle cotisation sur l’impôt du contribuable pour toute année d’imposition pertinente (sauf les années d’imposition antérieures à l’année donnée) a pour objet de tenir compte de la réduction de la somme incluse, en application du paragraphe 91(1), dans le calcul du revenu du contribuable pour l’année donnée. Période de nouvelle cotisation prolongée (6.2) Le ministre établit une nouvelle cotisation concernant l’impôt d’un contribuable pour une année d’imposition donnée pour tenir compte de l’application de l’alinéa d) de la définition de bien exclu au paragraphe 142.2(1), ou de l’application du paragraphe 142.6(1.6), relativement aux biens détenus par le contribuable si les conditions suivantes sont réunies : a) le contribuable a produit, pour l’année donnée la déclaration de revenu qu’il est tenu de produire en application de l’article 150; b) le contribuable présente au ministre un formulaire prescrit modifiant la déclaration, au plus tard à la date d’échéance de production qui lui est applicable pour les années d’imposition suivantes qui est applicable : (i) si le formulaire est produit à l’égard de l’alinéa d) de cette définition de bien exclu, l’année d’imposition du contribuable qui comprend le moment de l’acquisition du contrôle visé à cet alinéa, (ii) si le formulaire est produit à l’égard du paragraphe 142.6(1.6), l’année d’imposition du contribuable qui suit l’année donnée. Nouvelle cotisation — crédit prévu à l’article 119 (6.3) Lorsqu’un contribuable a produit, pour une année d’imposition donnée, la déclaration de revenu exigée par l’article 150, mais que, par la suite, une somme est demandée pour cette année par lui ou pour son compte à titre de déduction, en application de l’article 119, relativement à une disposition effectuée au cours d’une année d’imposition ultérieure et que le contribuable présente au ministre un formulaire prescrit modifiant la déclaration au plus tard à la date d’échéance de production qui lui est applicable pour l’année ultérieure, le ministre établit une nouvelle cotisation concernant l’impôt du contribuable pour toute année d’imposition pertinente, sauf celles Assessment not dependent on return or information [NOTE: Application provisions are not included in the consolidated text; see relevant amendments and regulations: R.S., 1985, c. 1 (5th Supp.), s. 152; 1994, c. 7, Sch. II, s. 125; 1995, c. 18, s. 55; 1998, c. 19, s. 82; c. 21, s. 86; c. 36, s. 146; c. 40, s. 72; 1999, c. 17, s. 151; 2001, c. 17, s. 248; 2001, c. 24, s. 182; 2006, c. 4, s. 179; c. 7, s. 42; 2007, c. 28, s. 184; 2005, c. 19, s. 136; 2007, c. 35, s. 49; 2009, c. 2, s. 26; 2010, c. 25, s. 88; 2011, c. 15, s. 28; 2012, c. 19, s. 706; c. 31, s. 381; 2013, c. 33, s. 54; 2014, c. 20, s. 17; c. 39, s. 42; 2015, c. 36, s. 6; c. 44, s. 12; c. 53, s. 52; 2017, c. 33, s. 208; c. 27, s. 8; 2018, c. 27, s. 22; 2020, c. 5, s. 5; 2020, c. 8, s. 3; 2020, c. 11, s. 3; 2022, c. 10, s. 3; 2023, c. 26, s. 5; 49; 2024, c. 15, s. 47; 2024, c. 17, s. 58; 2024, c. 17, s. 86.] Payment of Tax Withholding (c) a retiring allowance, (d) a death benefit, b) le montant soit perçu par le ministre, dans le cas où des renseignements relatifs à la cotisation établie à l’égard du montant ont été fournis à l’Agence du revenu du Canada aux termes d’un contrat conclu par une personne dans le cadre d’un programme administré par l’Agence du revenu du Canada qui permet d’obtenir des renseignements concernant l’inobservation fiscale. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les amendements modificatifs pertinents et règlements: L.R., (1985), ch. 1 (5e suppl.), art. 152; 1994, ch. 7, ann. II, art. 125; 1995, ch. 18, art. 55; 1998, ch. 19, art. 82; ch. 21, art. 86; ch. 36, art. 146; ch. 40, art. 72; 1999, ch. 17, art. 151; 2001, ch. 17, art. 248; 2001, ch. 24, art. 182; 2006, ch. 4, art. 179; ch. 7, art. 42; 2007, ch. 28, art. 184; 2005, ch. 19, art. 136; 2007, ch. 35, art. 49; 2009, ch. 2, art. 26; 2010, ch. 25, art. 88; 2011, ch. 15, art. 28; 2012, ch. 19, art. 706; ch. 31, art. 381; 2013, ch. 33, art. 54; 2014, ch. 20, art. 17; ch. 39, art. 42; 2015, ch. 36, art. 6; ch. 44, art. 12; ch. 53, art. 52; 2017, ch. 33, art. 208; ch. 27, art. 8; 2018, ch. 27, art. 22; 2020, ch. 5, art. 5; 2020, ch. 8, art. 3; 2020, ch. 11, art. 3; 2022, ch. 10, art. 3; 2023, ch. 26, art. 5; 49; 2024, ch. 15, art. 47; 2024, ch. 17, art. 58; 2024, ch. 17, art. 86.] Paiement de l’impôt Retenue 153 (1) Toute personne qui verse au cours d’une année d’imposition l’un des montants suivants : a) un traitement, un salaire ou autre rémunération, à l’exception des sommes suivantes : (i) une somme visée au paragraphe 212(5.1), (ii) une somme qu’un employeur verse à un employé à un moment où l’employeur est un employeur non-résident admissible et l’employé est un employé non-résident admissible; b) des prestations de retraite ou de pension; c) une allocation de retraite; d) une prestation consécutive au décès;
d.1) une somme visée aux sous-alinéas 56(1)a)(iv), (vii) ou (viii);
d.2) une somme visée à l’alinéa 56(1)a.3); e) une somme à titre de prestation dans le cadre d’un régime de prestations supplémentaires de chômage; f) un paiement de rente ou un paiement découlant de la conversion totale ou partielle d’une rente; g) des honoraires, commissions ou autres sommes pour services, à l’exception des sommes visées aux paragraphes 115(2.3) ou 212(5.1); h) un paiement dans le cadre d’un régime de participation différée aux bénéfices ou d’un régime désigné à l’article 147 comme régime dont l’agrément est retiré; (k) an amount as, on account or in lieu of payment of, or in satisfaction of, proceeds of the surrender, cancellation or redemption of an income-averaging annuity contract, (m.1) [Repealed, 1994, c. 21, s. 77(1)] (p) a contribution under a retirement compensation arrangement, (s) an amount described in paragraph 56(1)(r), (z.2) or (z.4), Withholding — stock option benefits COVID-19 — deemed remittance A − B where C × D where Retenue — avantages liés à une option d’achat d’actions (1.01) Toute somme qui est réputée avoir été reçue par un contribuable à titre d’avantage en vertu de l’un des alinéas 7(1)a) à d.1) représente une rémunération versée à titre de gratification pour l’application de l’alinéa (1)a), sauf s’il s’agit de la partie de la somme qui, selon le cas : a) est déductible par le contribuable en application de l’alinéa 110(1)d) dans le calcul de son revenu imposable pour une année d’imposition; b) est réputée avoir été reçue au cours d’une année d’imposition à titre d’avantage en raison d’une disposition de titres à laquelle le paragraphe 7(1.1) s’applique; c) par l’effet de l’alinéa 110(2.1)b), est déductible par le contribuable en application de l’alinéa 110(1)d.01) dans le calcul de son revenu imposable pour une année d’imposition. COVID-19 — remise présumée (1.02) Pour l’application de la présente loi, si un employeur admissible verse, à un moment donné compris dans la période d’admissibilité, une rémunération admissible relativement à laquelle une somme donnée doit être déduite ou retenue en vertu du paragraphe (1), l’employeur admissible est réputé avoir remis au receveur général à ce moment, relativement à la somme donnée, la moins élevée des sommes suivantes : a) la somme calculée selon la formule suivante : A − B où : A représente la somme prescrite, B le total des sommes représentant chacune la somme réputée avoir été remise par l’employeur admissible en vertu du présent paragraphe à un moment antérieur au moment donné — si plus d’un paiement semblable est effectué au moment donné, l’employeur admissible peut établir l’ordre dans lequel les sommes sont considérées avoir été versées; b) la somme calculée selon la formule suivante : C × D où : C représente le pourcentage prescrit, D le montant de la rémunération admissible; E × F where Definitions — subsection (1.02) (a) employs one or more eligible employees; (v) a registered charity. (employeur admissible) eligible period means the period beginning on March 18, 2020 and that ends on June 19, 2020. (période d’admissibilité) c) la somme calculée selon la formule suivante : E × F où : E représente la somme prescrite, F le nombre total d’employés admissibles employés par l’employeur admissible au cours de la période d’admissibilité. Définitions — paragraphe (1.02) (1.03) Les définitions qui suivent s’appliquent au présent paragraphe et au paragraphe (1.02). employé admissible Particulier qui occupe un emploi au Canada. (eligible employee) employeur admissible Personne ou société de personnes qui, à la fois : a) emploie un ou plusieurs employés admissibles; b) a, au 18 mars 2020, un numéro d’entreprise à l’égard duquel la personne ou la société de personnes est inscrite auprès du ministre pour faire les remises requises en vertu du présent article; c) remplit l’une des conditions suivantes : (i) elle est une société privée sous contrôle canadien pour l’application de l’article 125 qui, selon le cas : (A) aurait un plafond des affaires pour son dernier année d’imposition s’étant terminée avant le début de la période d’admissibilité supérieur à zéro, si la somme visée à l’alinéa 125(5.1)(b) était réputée nulle, (B) si la société n’a pas d’année d’imposition s’étant terminée avant le début de la période d’admissibilité, remplirait la condition visée à la division (A) si son année d’imposition s’était terminée immédiatement avant le début de la période d’admissibilité, (ii) elle est un individu autre qu’une fiducie, (iii) elle est une société de personnes, dont tous les associés sont décrits à l’un des sous-alinéas (i) à (iii) ou (v), (iv) elle est une personne exemptée d’impôt en vertu de la partie I en application de l’alinéa 149(1)(l), (v) elle est une organisme de bienfaisance enregistré. (eligible employer) période d’admissibilité La période commençant le 18 mars 2020 et se terminant le 19 juin 2020. (eligible period) Deemed remittances under subsection (1.02) période d’admissibilité S’entend de la période qui commence le 18 mars 2020 et se termine le 19 juin 2020. (eligible period) rémunération admissible Salaire, traitement ou autre rémunération versé à un employé admissible au cours de la période d’admissibilité. (eligible remuneration) Remises réputées — paragraphe (1.02) (1.04) Il est entendu que les sommes réputées avoir été remises, en vertu du paragraphe (1.02), au receveur général sont réputées ne pas être détenues en fiducie en vertu des paragraphes 227(4) et (4.1). Subvention salariale d’urgence du Canada réclamée (1.05) Malgré le paragraphe (1.02), une somme n’est pas réputée avoir été remise au receveur général si, à la fois : a) l’employeur admissible a présenté une demande relativement à l’article 125.7 pour une période d’admissibilité relativement à laquelle l’employeur admissible, s’il n’est pas tenu compte du présent paragraphe, est réputé avoir remis la somme au receveur général en vertu du paragraphe (1.02); b) la somme n’a pas été incluse dans l’élément B au paragraphe 125.7(2) pour l’employeur admissible. Préjudice (1.1) Lorsque le ministre est convaincu que la déduction ou la retenue de la somme qui devrait par ailleurs, en vertu du paragraphe (1), être déduite d’un paiement ou retenue sur un tel paiement porterait indûment préjudice, il peut fixer une somme inférieure et cette dernière est réputée être la somme déterminée en vertu de ce paragraphe à titre de somme à déduire ou à retenir sur ce paiement. Choix d’augmenter les retenues (1.2) Lorsqu’un contribuable fait un tel choix selon les modalités et le formulaire réglementaires, la somme qui doit, en vertu du paragraphe (1), être déduite de tout paiement qui est fait au contribuable, ou retenue sur un tel paiement, est réputée être le total des montants suivants : a) la somme qui, en vertu de ce paragraphe, doit par ailleurs être déduite ou retenue sur ce paiement; b) la somme indiquée par le contribuable dans ce choix en ce qui concerne ce paiement ou une catégorie de paiements qui comprend ce paiement. Income Tax PART I Income Tax Payment of Tax
Non-cash stock option benefit Impôt sur le revenu
Paiement de l’impôt
Exception — montant de pension fractionné (1.3) Le choix conjoint que le contribuable fait ou prévoit de faire en vertu de l’article 60.03 n’est pas pris en compte dans la décision du ministre de fixer une somme inférieure comme le permet le paragraphe (1.1). Avantage non pécuniaire lié à une option d’achat d’actions (1.31) Toute somme qui est réputée avoir été reçue à titre d’avantage en vertu ou par l’effet de l’un des alinéas 7(1)(a) à (d.1) n’est pas prise en compte dans la décision du ministre de fixer une somme inférieure comme le permet le paragraphe (1.1) du seul fait qu’elle est reçue à titre d’avantage non pécuniaire. Exception — versement à une institution financière désignée (1.4) Pour l’application du paragraphe (1), la personne visée par règlement est réputée avoir versé une somme au compte du receveur général auprès d’une institution financière désignée ou par l’intermédiaire de celle-ci si la personne a versé cette somme au receveur général au moins un jour avant la date où elle est exigible. Retenue réputée
Si un pensionné et un cessionnaire — ces termes s’entendant au sens de l’article 60.03 — font le choix conjoint prévu à cet article relativement à un montant de pension fractionné, au sens du même article, pour une année d’imposition, la partie du montant déduit ou retenu en application du paragraphe (1) qui peut raisonnablement être considérée comme se rapportant au montant de pension fractionné est réputée avoir été déduite ou retenue au titre de l’impôt du cessionnaire pour l’année en vertu de la présente partie et non au titre de l’impôt du pensionné pour l’année en vertu de la présente partie. Effet présumé de la déduction
Lorsqu’une somme a été déduite ou retenue en vertu du paragraphe (1), elle est, pour l’application générale de la présente loi, réputée avoir été reçue à ce moment par la personne à qui la rémunération, la prestation, le paiement, les honoraires, les commissions ou d’autres sommes ont été versés. Sommes versées par erreur (3.1) Pour l’application de la présente loi, une somme (appelée « somme excédentaire » au présent paragraphe) est réputée ne pas avoir été déduite ou retenue en vertu du paragraphe (1) si les conditions ci-après sont réunies : Income Tax PART I Income Tax Payment of Tax
(a) in the case of dividends, 33 1/3% of the total amount of the dividends, Impôt sur le revenu
Paiement de l'impôt
a) la somme excédentaire a été déduite ou retenue par la personne en vertu du paragraphe (1), compte non tenu du présent paragraphe; b) la somme excédentaire se rapporte à un paiement excédentaire (appelé « paiement excédentaire total » au présent paragraphe) au titre du traitement, salaire ou autre rémunération d'un particulier que la personne lui a versé au cours d'une année donnée par suite d'une erreur d'écriture, administrative ou systémique; c) avant la fin de la troisième année qui suit l'année civile au cours de laquelle la somme excédentaire a été déduite ou retenue : (i) d'une part, la personne fait un choix, selon les modalités prescrites, d'appliquer le présent paragraphe à l'égard de la somme excédentaire, (ii) d'autre part, le particulier a remboursé, ou a pris des arrangements pour rembourser, l'excédent du paiement excédentaire total sur la somme excédentaire; d) la personne n'a pas émis au particulier, avant de faire le choix visé au sous-alinéa c)(i), une déclaration de renseignements ayant pour effet de corriger le paiement excédentaire total; e) les conditions supplémentaires fixées, le cas échéant, par le ministre ont été remplies. Impôt payable sur les revenus de propriétaires inconnus
Lorsque le contribuable qui, après 1984 et avant une année d'imposition, reçoit un montant, relativement à des dividendes, des intérêts ou au produit de disposition d'un bien, dont la personne ayant la propriété effective lui est inconnue à la fin de l'année, doit remettre au receveur général, au plus tard le 60e jour suivant la fin de l'année, au titre de l'impôt payable par cette personne en vertu de la présente loi, un montant correspondant : a) à 33 1/3 % du montant de ces dividendes; b) à 50 % du montant de ces intérêts; c) à 50 % de l'excédent éventuel du produit de disposition de ce bien sur le total des dépenses que le contribuable a engagées ou effectuées en vue de disposer du bien, dans la mesure où ces dépenses n'ont pas été déduites dans le calcul du revenu du contribuable pour une année d'imposition où n'étaient pas attribuables à un bien donné. Definitions Toutefois, aucun montant n’est à remettre en application du présent paragraphe au titre d’un montant déjà inclus dans le calcul du revenu du contribuable pour l’année ou pour une année d’imposition antérieure ou au titre d’un montant sur lequel l’impôt visé au présent paragraphe a déjà été remis. Effet présumé de la remise
Tout montant qu’un contribuable remet en application du paragraphe (4) relativement à des dividendes, des intérêts ou au produit de disposition d’un bien est réputé : a) avoir été reçu par la personne ayant la propriété effective; b) avoir été déduit ou retenu du montant payable par ailleurs par le contribuable à la personne ayant la propriété effective. Définitions
Les définitions qui suivent s’appliquent au présent article. employé non-résident admissible S’entend, à un moment donné relativement au versement d’une somme visée à l’alinéa (1)a), d’un employé qui remplit les conditions suivantes : a) il réside à ce moment dans un pays avec lequel le Canada a conclu un traité fiscal; b) il est exempté de l’impôt prévu à la présente partie relativement à la somme par suite de l’application du traité; c) il travaille au Canada moins de 45 jours au cours de l’année civile qui comprend ce moment ou est présent au Canada moins de 90 jours au cours de toute période de douze mois qui comprend ce moment. (qualifying non-resident employee) employeur non-résident admissible S’entend, à un moment donné, d’un employeur qui remplit les conditions suivantes : a) l’employeur, à ce moment : (i) n’est pas une société de personnes et : (A) soit est un résident d’un pays avec lequel le Canada a conclu un traité fiscal, (b) soit est une société qui ne remplit pas la condition énoncée à la division (A), mais qui serait un résident d’un pays avec lequel le Canada a conclu un traité fiscal si elle était considérée, aux fins de l’impôt sur le revenu dans ce pays, comme une personne morale, (ii) est une société de personnes relativement à laquelle le total des sommes — dont chacune est la part sur le revenu ou la perte de la société de personnes pour l’exercice qui comprend le moment d’un associé qui, à ce moment, est un résident d’un pays avec lequel le Canada a conclu un traité fiscal (ou est une société qui remplit la condition énoncée à la division (i)(B)) — est égal à au moins 90 % du revenu ou de la perte de la société de personnes pour l’exercice (pour l’application du présent sous-alinéa, si ceux-ci sont nuls, son revenu pour l’exercice est réputé égal à 1 000 000 $); b) fait l’objet à ce moment d’une certification du ministre en vertu du paragraphe (7). (qualifying non-resident employer) institution financière désignée Société qui, selon le cas : a) est une banque, sauf une banque étrangère autorisée qui est assujettie aux restrictions et exigences visées au paragraphe 524(2) de la Loi sur les banques; b) est autorisée par la législation fédérale ou provinciale à exploiter une entreprise d’offre au public de services de fiduciaire; c) est autorisée par la législation fédérale ou provinciale à accepter du public des dépôts et exploite une entreprise soit de prêts garantis sur des biens immeubles ou réels, soit de placements dans des dettes garanties par des hypothèques relatives à des biens immeubles ou réels. (designated financial institution) [NOTE: Application provisions are not included in the consolidated text; see relevant amendments and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 153; 1994, c. 7, Sch. II, s. 126, Sch. VIII, s. 4; S.C. 2001, c. 17, s. 199; 1996, c. 21, s. 50; 1998, c. 19, s. 187; 1998, c. 19, s. 126, 153, 2011, c. 15, s. 17; 2006, c. 22, s. 35; 2012, c. 25, s. 89; 2012, c. 25, s. 89; 2013, c. 34, ss. 139, 140; 2014, c. 20, s. 28; 2015, c. 36, s. 36; 2016, c. 7, s. 42; 2019, c. 29, s. 202; c. 36, s. 202; c. 23, s. 41; 2022, c. 19, s. 37; 2023, c. 26, s. 50; 2024, c. 15, s. 48; 2024, c. 17, s. 57. Income Tax PART I Income Tax Payment of Tax Sections 154-156 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 154; 1998, c. 19, s. 183. Definition of instalment base [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 155; 1994, c. 7, Sch. II, s. 127, c. 8, s. 22. (ii) the individual’s instalment base for the preceding taxation year, or (b) on or before Impôt sur le revenu
Paiement de l’impôt
gouvernement d’une province au ministre à l’égard d’un particulier, la somme est, pour l’application générale de la présente loi, réputée avoir été reçue par le receveur général à valoir sur l’impôt du particulier en vertu de la présente partie, relativement à l’année pour laquelle la somme a été transférée. Remboursement non compris
Pour l’application du présent article, une somme déduite ou retenue ne comprend pas un remboursement quelconque fait relativement à cette somme. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 154; 1998, ch. 19, art. 183. Agriculteurs et pêcheurs 155 (1) Sous réserve de l’article 156.1, tout particulier dont la source principale de revenu pour une année d’imposition est l’agriculture ou la pêche doit payer au receveur général pour l’année, au plus tard le 31 décembre de l’année, les deux tiers de l’une des sommes suivantes : a) la somme que le particulier estime être l’impôt qu’il doit payer pour l’année en vertu de la présente partie, b) sa base des acomptes provisionnels pour l’année d’imposition précédente. Définition de base des acomptes provisionnels
Au présent article, base des acomptes provisionnels d’un particulier pour une année d’imposition s’entend du montant déterminé selon les modalités réglementaires comme étant sa base des acomptes provisionnels pour l’année. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 155; 1994, ch. 7, ann. II, art. 127, ch. 8, art. 22. Autres particuliers 156 (1) Sous réserve de l’article 156.1, pour chaque année d’imposition, tout particulier, sauf celui auquel l’article 155 s’applique pour l’année, doit payer les montants suivants au receveur général : a) au plus tard le 15 mars, le 15 juin, le 15 septembre et le 15 décembre de l’année, le quart de l’une des sommes suivantes : (i) la somme qu’il estime être son impôt payable pour l’année en vertu de la présente partie, (ii) sa base des acomptes provisionnels pour l’année d’imposition précédente; b) au plus tard : (A) the individual's instalment base for the preceding taxation year exceeds exceeds Definition of instalment base
Subsections (1) to (3) and section 156.1 do not apply to a SIFT trust. NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 156; 1994, c. 7, Sch. II, s. 128; Sch. VIII, s. 92; c. 8, s. 23; 2013, c. 40, s. 68. Definitions (i) le 15 mars et le 15 juin de l'année, le quart de sa base des acomptes provisionnels pour la deuxième année d'imposition précédente, (ii) le 15 septembre et le 15 décembre de l'année, la moitié de l'excédent éventuel de sa base des acomptes provisionnels pour l'année d'imposition précédente sur la moitié de sa base des acomptes provisionnels pour la deuxième année d'imposition précédente. Paiements à faire par les fiducies de fonds commun de placement
Malgré le paragraphe (1), la somme payable par une fiducie qui est une fiducie de fonds commun de placement au receveur général, au plus tard l'un des jours de l'année d'imposition visés à l'alinéa (1)a), est réputée être l'excédent éventuel de la somme visée à l'alinéa a) sur le montant visé à l'alinéa b): a) la somme ainsi payable, déterminée en vertu de ce paragraphe; b) un montant égal à 1/4 du remboursement fait par la fiducie, pour l'année, au titre des gains en capital (au sens de l'article 132). Définition de base des acomptes provisionnels
Au présent article, base des acomptes provisionnels d'un particulier pour une année d'imposition s'entend du montant déterminé selon les modalités réglementaires comme étant sa base des acomptes provisionnels pour l'année. Paiements de fiducies intermédiaires de placement déterminées
Les paragraphes (1) à (3) et l'article 156.1 ne s'appliquent pas aux fiducies intermédiaires de placement déterminées. NOTE: [Les dispositions d'application ne sont pas incluses dans le texte consolidé; voir les lois modificatives et règlements appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 156; 1994, ch. 7, ann. II, art. 128; ann. VIII, art. 92; ch. 8, art. 23; 2013, ch. 40, art. 68. Définitions
impôt net à payer L'impôt net à payer d'un particulier pour une année d'imposition correspond au montant suivant : (b) in any other case, $3,000; (plafond des acomptes provisionnels) A - C - D - F and A + B - C - E - F where a) dans le cas d’un particulier résident dans la province de Québec à la fin de l’année, le résultat du calcul suivant : A - C - D - F b) dans les autres cas, le résultat du calcul suivant : A + B - C - E - F où : A représente le total des impôts payables par le particulier pour l’année en vertu de la présente partie et des parties I.2, X.5 et XI.4, B le total de l’impôt sur le revenu payable par le particulier pour l’année en vertu d’un texte législatif d’une province ou d’un gouvernement autochtone avec lequel le ministre des Finances a conclu un accord en vue de recouvrer les impôts sur le revenu payables par des particuliers à la province ou au gouvernement autochtone en vertu de ce texte, C le total de l’impôt retenu ou déduit en application de l’article 153 et de la partie I.2 pour le compte du particulier pour l’année, D le montant déterminé en application du paragraphe 120(2) à l’égard du particulier pour l’année, E le total des montants retenus ou déduits pour le compte du particulier pour l’année en vertu d’un texte législatif d’une province ou d’un gouvernement autochtone avec lequel le ministre des Finances a conclu un accord en vue de recouvrer les impôts sur le revenu payables par des particuliers à la province ou au gouvernement autochtone en vertu de ce texte, F le montant déterminé selon le paragraphe 120(2.2) relativement au particulier pour l’année. (net tax owing) plafond des acomptes provisionnels Le plafond des acomptes provisionnels d’un particulier pour une année d’imposition correspond au montant suivant : a) dans le cas d’un particulier résident dans la province de Québec à la fin de l’année, 1 800 $; b) dans les autres cas, 3 000 $. (instalment threshold) Valeur des éléments A et B de impôt net à payer (1.1) Pour le calcul de la valeur des éléments A et B des formules figurant dans la définition de impôt net à payer au paragraphe (1), les impôts sur le revenu payables par un particulier pour une année d’imposition sont calculés : No instalment required Idem Payment of remainder [NOTE: For application provisions see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 156; 1994, c. 7, Sch. II, s. 198; R.S., c. 50, s. 9; S.C. 1994, c. 8, s. 24; 1996, c. 21, s. 43; 1997, c. 25, s. 45; 1998, c. 19, s. 44; 2000, c. 19, s. 48; 2001, c. 17, s. 152; 2007, c. 35, s. 50; 2012, c. 31, s. 49; 2014, c. 39, s. 56.] (a) either Special case Paiement du solde
Tout particulier doit payer au receveur général pour chaque année d’imposition, au plus tard à la date d’exigibilité du solde qui lui est applicable pour l’année, l’excédent éventuel de l’impôt dont il est redevable en vertu de la présente partie sur le total des montants suivants : a) les montants déduits ou retenus en application de l’article 153 de la rémunération ou d’autres paiements reçus par le particulier au cours de l’année; b) les autres montants payés au receveur général au plus tard à cette date au titre de l’impôt payable par le particulier en vertu de la présente partie pour l’année. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés : L.R. (1985), ch. 1 (5e suppl.), art. 156; 1994, ch. 7, ann. II, art. 198; S.R., ch. 50, art. 9; L.C. 1994, ch. 8, art. 24; 1996, ch. 21, art. 43; 1997, ch. 25, art. 45; 1998, ch. 19, art. 44; 2000, ch. 19, art. 48; 2001, ch. 17, art. 152; 2007, ch. 35, art. 50; 2012, ch. 31, art. 49; 2014, ch. 39, art. 56.] Versements par les sociétés 157 (1) Sous réserve des paragraphes (1.1) et (1.5), toute société doit verser au receveur général, pour chacune de ses années d’imposition : a) l’un des montants suivants : (i) un montant égal à 1/12 du total des montants qu’elle estime être ses impôts payables en vertu de la présente partie et des parties VI, VI.1 et XIII.1 pour l’année, au plus tard le dernier jour de chaque mois de l’année, (ii) un montant égal à 1/12 de sa première base des acomptes provisionnels pour l’année au plus tard le dernier jour de chaque mois de l’année, (iii) un montant égal à 1/12 de sa deuxième base des acomptes provisionnels pour l’année, au plus tard le dernier jour de chacun des deux premiers mois de l’année, et un montant égal à 1/10 du restant une fois déduit de sa première base des acomptes provisionnels pour l’année le montant calculé en vertu du présent sous-alinéa pour les deux premiers mois, au plus tard le dernier jour de chacun des 10 mois suivants de l’année; b) le solde de ses impôts payables pour l’année en vertu de la présente partie et des parties VI, VI.1 et XIII.1, au plus tard à la date d’exigibilité du solde qui lui est applicable pour l’année. Cas particulier (1.1) Une petite société privée sous contrôle canadien peut verser au receveur général, pour chacune de ses années d’imposition : a) l’un des montants suivants : (iii) on or before the last day Small-CCPC a) l’une des sommes suivantes : (i) le quart du total des sommes qu’elle estime être ses impôts payables pour l’année en vertu de la présente partie et de la partie VI.1, au plus tard le dernier jour de chaque trimestre de l’année ou, s’il reste moins de trois mois à l’année d’imposition après l’expiration du dernier trimestre, au plus tard le dernier jour de la période restante, (ii) le quart de sa première base des acomptes provisionnels pour l’année, au plus tard le dernier jour de chaque trimestre de l’année ou, s’il reste moins de trois mois à l’année d’imposition après l’expiration du dernier trimestre, au plus tard le dernier jour de la période restante, (iii) le total des sommes suivantes : (A) le quart de sa deuxième base des acomptes provisionnels pour l’année, au plus tard le dernier jour de la première période de l’année dont la durée n’excède pas trois mois, (B) le tiers de l’excédent de sa première base des acomptes provisionnels pour l’année sur la somme déterminée selon la division (A), au plus tard le dernier jour de chacun des trimestres subséquents de l’année ou, s’il reste moins de trois mois à l’année d’imposition après l’expiration du dernier trimestre, au plus tard le dernier jour de la période restante; b) le solde de ses impôts payables pour l’année en vertu de la présente partie et de la partie VI.1, au plus tard à la date d’exigibilité du solde qui lui est applicable pour l’année. Petite société privée sous contrôle canadien (1.2) Pour l’application du paragraphe (1.1), est une petite société privée sous contrôle canadien au cours d’une année d’imposition la société privée sous contrôle canadien relativement à laquelle les conditions suivantes sont réunies : a) la somme déterminée à son égard selon le paragraphe (1.3) pour l’année ou pour l’année d’imposition précédente n’excède pas 500 000 $; b) la somme déterminée à son égard selon le paragraphe (1.4) pour l’année ou pour l’année d’imposition précédente n’excède pas 10 000 000 $; c) un montant est déduit à son égard en application de l’article 125 dans le calcul de son impôt payable pour l’année ou pour l’année d’imposition précédente; Taxable income — small-CCPC Taxable capital — small-CCPC d) tout au long de la période de douze mois se terminant à l’échéance de son dernier versement effectué en application du présent article : (i) d’une part, elle a versé, au plus tard à la date de leur échéance, toutes les sommes qu’elle était tenue de remettre ou de verser aux termes du paragraphe 153(1), de la partie IX de la Loi sur la taxe d’accise, du paragraphe 82(1) de la Loi sur l’assurance-emploi ou du paragraphe 21(1) du Régime de pensions du Canada, (ii) d’autre part, elle a produit, au plus tard à la date limite de production, toutes les déclarations qu’elle était tenue de produire aux termes de la présente loi ou de la partie IX de la Loi sur la taxe d’accise. Revenu imposable — petite société privée sous contrôle canadien (1.3) La somme ci-après est déterminée selon le présent paragraphe à l’égard d’une société pour une année d’imposition donnée : a) si la société n’est associée à aucune autre société au cours de l’année donnée, son revenu imposable pour cette année; b) si elle est associée à une autre société au cours de l’année donnée, le total des sommes représentant chacune son revenu imposable pour cette année ou le revenu imposable d’une société à laquelle elle est associée au cours de cette même année pour une année d’imposition de cette dernière se terminant dans l’année donnée. Capital imposable — petite société privée sous contrôle canadien (1.4) La somme ci-après est déterminée selon le présent paragraphe à l’égard d’une société pour une année d’imposition donnée : a) si la société n’est associée à aucune autre société au cours de l’année donnée, son capital imposable utilisé au Canada (ce terme s’entend, au présent paragraphe, au sens des articles 181.2 ou 181.3, selon le cas) pour cette année; b) si elle est associée à une autre société au cours de l’année donnée, le total des sommes représentant chacune son capital imposable utilisé au Canada pour cette année ou le capital imposable utilisé au Canada d’une société à laquelle elle est associée au cours de cette même année pour une année d’imposition de cette dernière se terminant dans l’année donnée. (A - B)/C where (ii) the total of (A - B)/C where Société qui cesse d’être une petite société privée sous contrôle canadien (1.5) Malgré le paragraphe (1), la société qui a versé des sommes conformément au paragraphe (1.1), mais qui, à un moment donné d’une année d’imposition, ne remplit plus les conditions pour ce faire est tenue de verser au receveur général les sommes suivantes pour l’année : a) l’une des sommes ci-après, au plus tard le dernier jour de chaque mois de l’année, qui se termine après le moment donné : (i) la somme obtenue par la formule suivante : (A - B)/C où : A représente le total des sommes que la société estime être ses impôts payables pour l’année en vertu de la présente partie et des parties VI, VI.1 et XIII.1, B le total des sommes à verser par la société au cours de l’année conformément au paragraphe (1.1), C le nombre de mois se terminant dans l’année et après le moment donné, (ii) le total des sommes suivantes : (A) la somme obtenue par la formule suivante : (A - B)/C où : A représente la première base des acomptes provisionnels de la société pour l’année, B le total des sommes à verser par la société au cours de l’année conformément au paragraphe (1.1), C le nombre de mois se terminant dans l’année et après le moment donné, (B) le quotient du montant estimatif d’impôt payable par la société pour l’année en vertu des parties VI et XIII.1 par le nombre de mois se terminant dans l’année et après le moment donné; b) le solde des impôts payables par la société pour l’année en vertu de la présente partie et des parties VI, VI.1 et XIII.1, au plus tard à la date d’exigibilité du solde qui lui est applicable pour l’année. Application to SIFT trusts exceeds Income Tax PART I Income Tax Payment Sections 157-157.1 Definitions NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 157; 1994, c. 7, Sch. II, s. 130, Sch. VIII, s. 7; 1998, c. 25, s. 47; 1999, c. 22, s. 47; 1999, c. 26, ss. 48, 49; 1999, c. 31, s. 58; 2001, c. 17, s. 135; 2002, c. 9, s. 4; 2003, c. 15, s. 115; 2007, c. 35, s. 59; 2008, c. 28, s. 23; 2012, c. 31, s. 431; 2020, c. 9, s. 39; 2021, c. 23, s. 42; 2024, c. 15, s. 49; 2024, c. 17, s. 88; 2024, c. 17, s. 80. Impôt sur le revenu
Paiement
e) le douzième du total des montants dont chacun est réputé, par les paragraphes 125.4(3), 125.5(3), 125.6(2) ou (2.1), 127.1(1), 127.41(3), 127.44(2), 127.45(2), 127.48(2) ou 127.49(2), avoir été payé au titre de l’impôt payable par la société pour l’année en vertu de la présente partie. Montant du versement — trimestre (3.1) Malgré le paragraphe (1.1), la somme payable au receveur général par une société pour une année d’imposition aux termes de ce paragraphe, au plus tard le dernier jour d’une période donnée de l’année, est réputée correspondre à l’excédent de la somme visée à l’alinéa a) sur le total des sommes visées aux alinéas b) et c) : a) la somme ainsi payable, déterminée selon ce paragraphe pour la période; b) le quart du remboursement de dividendes, au sens du paragraphe 129(1), de la société pour l’année; c) le quart du total des sommes dont chacun est réputé, par les paragraphes 125.4(3), 125.5(3), 125.6(2) ou (2.1), 127.1(1), 127.41(3), 127.44(2), 127.45(2), 127.48(2) ou 127.49(2), avoir été payé au titre de l’impôt payable par la société pour l’année d’imposition en vertu de la présente partie. Définitions
Au présent article, première base des acomptes provisionnels et deuxième base des acomptes provisionnels d’une société pour une année d’imposition s’entendent du montant déterminé selon les modalités réglementaires. NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois modificatives et les règlements pertinents : L.R. (1985), ch. 1 (5e suppl.), art. 157; 1994, ch. 7, ann. II, art. 130, ann. VIII, art. 7; 1998, ch. 25, art. 47; 1999, ch. 22, art. 47; 1999, ch. 26, art. 48, 49; 1999, ch. 31, art. 58; 2001, ch. 17, art. 135; 2002, ch. 9, art. 4; 2003, ch. 15, art. 115; 2007, ch. 35, art. 59; 2008, ch. 28, art. 23; 2012, ch. 31, art. 431; 2020, ch. 9, art. 39; 2021, ch. 23, art. 42; 2024, ch. 15, art. 49; 2024, ch. 17, art. 88; 2024, ch. 17, art. 80. Report des acomptes provisionnels de janvier, février et mars 2002 — définitions
jour admissible Pour ce qui est d’une société admissible pour une année d’imposition, le jour admissible pour le mois de janvier, février ou mars 2002 où un acompte provisionnel au titre de l’impôt payable par la société en vertu de la présente partie pour l’année d’imposition qui comprend le jour devient exigible, s’entend : a) la présente loi s’appliquait compte non tenu du présent article; Deferred instalment day b) dans le cas d’une société qui n’est pas tenue par l’article 157 de verser des acomptes provisionnels au titre de son impôt payable en vertu de la présente partie pour l’année, elle en était ainsi tenue. (eligible instalment day) société admissible Pour ce qui est d’une année d’imposition donnée, société qui répond aux conditions suivantes : a) elle réside au Canada tout au long de l’année donnée; b) son capital imposable utilisé au Canada, au sens de la partie I.3, pour son année d’imposition précédente n’a pas dépassé : (i) si elle n’est associée à aucune autre société au cours de l’année donnée, 15 000 000 $, (ii) si elle est associée à une ou plusieurs autres sociétés au cours de l’année donnée, l’excédent de 15 000 000 $ sur le total du capital imposable utilisé au Canada, au sens de la partie I.3, de ces autres sociétés pour leur dernière année d’imposition s’étant terminée dans la dernière année civile ayant pris fin avant la fin de l’année donnée. (eligible corporation) Date d’exigibilité du solde
La date d’exigibilité du solde qui est applicable à une société admissible pour une année d’imposition se terminant après 2001 est réputée correspondre au dernier en date des jours suivants : a) le jour qui correspondrait par ailleurs à la date d’exigibilité du solde qui lui est applicable pour l’année; b) le jour qui suit de six mois le dernier jour admissible de la société au cours de l’année. Jour admissible
Le montant qui, par l’effet de l’alinéa 157(1)a), deviendrait exigible par ailleurs pour une année d’imposition par une société admissible un jour admissible de cette société, ne devient pas exigible ce jour-là, mais : a) le jour donné qui suit de six mois le jour admissible, si le jour donné fait partie de l’année; b) sinon, le jour qui est réputé par le paragraphe (2) correspondre à la date d’exigibilité du solde applicable à la société pour l’année. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs applicables.] 2002, ch. 9, art. 42. Income Tax PART I Income Tax Payment of Tax Sections 157.1-159 Payment of remainder [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1970-71-72, c. 63, s. 118(8); 1980-81-82-83, c. 48, s. 115; 1985, c. 45, s. 89. Appropriation of property
and (4.1) [Repealed, 2001, c. 17, s. 154(1)] Election where certain provisions applicable le formulaire prescrit, un certificat attestant qu’ont été versés les montants : a) d’une part, dont le contribuable est redevable en vertu de la présente loi au moment de la répartition ou de l’attribution ou antérieurement, ou dont on peut raisonnablement s’attendre à ce qu’il le devienne, b) d’autre part, dont le paiement desquels le représentant légal est, en cette qualité, redevable ou dont on peut raisonnablement s’attendre à ce qu’il le devienne, ou attestant que le ministre a accepté une garantie pour le paiement de ces montants. Responsabilité personnelle
Si le représentant légal, à l’exclusion d’un syndic de faillite, d’un contribuable répartit entre plusieurs personnes ou attribue à une seule, en cette qualité, des biens en sa possession ou sous sa garde sans le certificat prévu au paragraphe (2) à l’égard des montants visés à ce paragraphe, les règles ci-après s’appliquent : a) le représentant légal est personnellement redevable de ces montants, jusqu’à concurrence de la valeur des biens répartis ou attribués; b) le ministre peut, à tout moment, établir à l’égard du représentant légal une cotisation pour toute somme à payer par l’effet du présent paragraphe; c) les dispositions de la présente section, notamment celles portant sur les intérêts à payer, s’appliquent, avec les adaptations nécessaires, aux cotisations établies en vertu du présent paragraphe comme si elles avaient été établies en vertu de l’article 152 relativement aux impôts à payer en vertu de la présente partie. Appropriation de biens (3.1) Pour l’application des paragraphes (2) et (3), l’appropriation par le représentant légal d’un contribuable de biens en sa possession ou sous sa garde en cette qualité est réputée être une répartition de biens à une personne.
et (4.1) [Abrogés, 2001, ch. 17, art. 154(1)] Choix lorsque certaines dispositions s’appliquent
Lorsque les paragraphes 70(2), (5) ou (5.2) de la présente loi ou le paragraphe 70(9.4) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, s’appliquent à l’égard d’un contribuable décédé, et que ses représentants légaux font un tel choix et fournissent au ministre une garantie acceptable au dernier à l’égard du paiement de tout impôt dont Idem Idem Election where subsection 104(4) applicable Income Tax PART I Income Tax Payment of Tax Sections 159-160 Interpretation Impôt sur le revenu
Paiement de l’impôt
éventuel de cet impôt sur le montant qui correspondrait à cet impôt, compte non tenu des alinéas 104(4)a), a.1), a.2), a.3), a.4), b) ou c), en un nombre d’acomptes provisionnels annuels consécutifs et égaux (ne dépassant pas dix), précisé par la fiducie dans le document concernant le choix. Le premier acompte est versé au plus tard le jour où l’impôt aurait été exigible en l’absence du choix, et les acomptes suivants, au plus tard le prochain jour anniversaire de ce jour. Exercice du choix et intérêts
Le choix d’un contribuable en vertu des paragraphes (4) ou (6.1) ou de son représentant légal en vertu du paragraphe (5) doit être fait selon le formulaire prescrit et à condition qu’au moment du paiement d’un montant dont le choix reporte l’échéance, le contribuable verse au receveur général des intérêts sur ce montant, calculés au taux prescrit en vigueur au moment du choix, pour la période allant du jour où le montant aurait été exigible en l’absence du choix jusqu’au jour du paiement. Interprétation 160 (0.1) Pour l’application du présent article et de l’article 160.01, sont assimilés à une opération un mécanisme ou un événement. Transfert de biens entre personnes ayant un lien de dépendance
Lorsqu’une personne, depuis le 1er mai 1951, transfère des biens, directement ou indirectement, au moyen d’une fiducie ou de toute autre façon à l’une des personnes suivantes : a) son époux ou conjoint de fait ou une personne devenue depuis lors son époux ou conjoint de fait; b) une personne qui était âgée de moins de 18 ans; c) une personne avec laquelle elle avait un lien de dépendance, les règles suivantes s’appliquent : d) le bénéficiaire du transfert et l’auteur du transfert sont solidairement responsables du paiement d’une partie de l’impôt de l’auteur du transfert en vertu de la présente partie pour chaque année d’imposition égale à l’excédent de l’impôt pour l’année sur ce que cet A - B where --- impôt aurait été sans l’application des articles 74.1 à 75.1 de la présente loi et de l’article 74 de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, à l’égard de tout revenu tiré des biens ainsi transférés ou des biens y substitués ou à l’égard de tout gain tiré de la disposition de tels biens; e) le bénéficiaire du transfert et l’auteur du transfert sont solidairement responsables du paiement en vertu de la présente loi d’un montant égal au moins élevé des montants suivants : (i) l’excédent éventuel de la juste valeur marchande des biens au moment du transfert sur la juste valeur marchande à ce moment de la contrepartie donnée pour le bien, (ii) le total des montants représentant chacun un montant que l’auteur du transfert doit payer en vertu de la présente loi (notamment un montant ayant ou non fait l’objet d’une cotisation en application du paragraphe (2) qui doit payer en vertu du présent article) au cours de l’année d’imposition où les biens ont été transférés ou de toute année d’imposition antérieure, Toutefois, rien dans le présent paragraphe ne limite la responsabilité de l’auteur du transfert en vertu de quelque autre disposition de la présente loi ni celle du bénéficiaire du transfert quant aux intérêts dont il est redevable en vertu de la présente loi sur une cotisation établie à l’égard du montant qu’il doit payer par l’effet du présent paragraphe. Responsabilité solidaire (1.1) Dans le cas où une personne ou une société de personnes donnée est réputée par le paragraphe 69(11) avoir disposé d’un bien, la personne visée aux alinéas a) ou b) de ce paragraphe et à laquelle un avantage décrit à ce paragraphe était disponible relativement à une disposition subséquente des biens ou des biens substitués pour les biens est, avec chaque autre contribuable, responsable, aux termes de la présente loi pour chaque année d’imposition, cette partie correspond au résultat du calcul suivant : A - B où : A représente le total des montants payables par l’autre contribuable pour l’année en vertu de la présente loi; B le montant que représenterait l’élément A relativement à l’autre contribuable pour l’année si la personne ou la société de personnes donnée n’était pas réputée par le paragraphe 69(11) avoir disposé du bien. (i) where the specified individual has not attained the age of 17 years before the year, the particular individual is a parent of the specified individual, and (ii) where the specified individual has attained the age of 17 years before the year, (A) the particular individual is a source individual in respect of the specified individual, (i) the specified individual under any other provision of this Act, or --- Toutefois, le présent paragraphe n’a pas pour effet de limiter la responsabilité de l’autre contribuable en vertu d’une autre disposition de la présente loi ni celle de quiconque quant aux intérêts dont il est redevable en vertu de la présente loi sur une cotisation établie à l’égard du montant qu’il doit payer par l’effet du présent paragraphe. Responsabilité solidaire (1.2) Si un montant est à ajouter, par l’effet du paragraphe 120.4(2), dans le calcul de l’impôt payable en vertu de la présente partie par un particulier déterminé pour une année d’imposition et que ce particulier n’a pas atteint l’âge de 24 ans avant l’année, les règles ci-après s’appliquent : a) sous réserve de l’alinéa b), le particulier déterminé est solidairement responsable du montant avec un particulier donné dans les cas suivants : (i) si le particulier déterminé n’a pas atteint l’âge de 17 ans avant l’année, le particulier donné est le père ou la mère du particulier déterminé, (ii) si le particulier déterminé a atteint l’âge de 17 ans avant l’année, à la fois : (A) le particulier donné est un particulier source relativement au particulier déterminé, (B) le montant a été tiré directement ou indirectement d’une entreprise liée (au sens de l’alinéa 120.4(1.1)d)) relativement au particulier déterminé, (C) le particulier donné remplit des conditions visées à l’un des alinéas a) à c) de la définition de entreprise liée au paragraphe 120.4(1) à l’égard de l’entreprise liée; b) la responsabilité du particulier donné selon l’alinéa a) relativement au particulier déterminé pour l’année est déterminée comme si les seuls montants inclus dans le revenu fractionné du particulier déterminé pour l’année étaient des montants tirés de l’entreprise liée mentionnée au sous-alinéa a)(ii); c) le présent paragraphe n’a pas pour effet de limiter les responsabilités suivantes : (i) celles du particulier déterminé établies en vertu d’une disposition de la présente loi, (ii) celles du particulier donné relatives aux intérêts dont il est redevable en vertu de la présente loi sur Income Tax PART I Income Tax Payment of Tax
Discharge of liability Juste valeur marchande d’un droit ou intérêt indivis (3.1) Pour l’application du présent article et de l’article 160.4, la juste valeur marchande, à un moment donné, d’un intérêt indivis ou, pour l’application du droit civil, d’un droit indivis sur un bien, exprimée sous forme d’un intérêt ou d’un droit proportionnel sur ce bien, est réputée être égale, sous réserve du paragraphe (4), à la portion correspondante de la juste valeur marchande du bien à ce moment. Règles concernant les transferts à un époux ou conjoint de fait
Malgré le paragraphe (1), lorsqu’un contribuable a transféré un bien à son époux ou conjoint de fait en vertu d’une ordonnance ou d’un jugement d’un tribunal compétent ou en vertu d’un accord écrit de séparation et que, au moment du transfert, le contribuable et son époux ou conjoint de fait vivaient séparément par suite de la rupture de leur mariage ou union de fait, les règles suivantes s’appliquent : (a) relativement à un bien ainsi transféré après le 15 février 1984 : (i) l’époux ou conjoint de fait ne peut être tenu, en vertu du paragraphe (1), de payer un montant au titre d’un revenu provenant du bien transféré ou du bien qui en est substitué ou un montant relatif au gain provenant de la disposition du bien transféré ou du bien qui y est substitué, (ii) pour l’application de l’alinéa (1)e), la juste valeur marchande du bien au moment du transfert est réputée être nulle; (b) relativement à un bien ainsi transféré avant le 16 février 1984, lorsque l’époux ou conjoint de fait serait, sans le présent alinéa, tenu de payer un montant en application de la présente loi en vertu du paragraphe (1), il est réputé s’être acquitté de son obligation relativement à ce montant le 16 février 1984; aucune disposition du présent paragraphe n’a toutefois pour effet de réduire les obligations du contribuable en vertu d’une autre disposition de la présente loi. Règles anti-évitement
Pour l’application des paragraphes (1) à (4), lorsqu’une personne (appelée « l’auteur du transfert » au présent article) a transféré des biens, directement ou indirectement, par le biais d’une fiducie ou de toute autre moyen, à une autre personne (appelée « bénéficiaire du transfert » au présent article) par une opération, ou dans le cadre d’une série d’opérations, les règles ci-après s’appliquent : A - B where B is a) l’auteur du transfert est réputé avoir un lien de dépendance avec le bénéficiaire du transfert à tout moment dans le cadre de l’opération ou de la série d’opérations si, à la fois : (i) à un moment au cours de la période commençant immédiatement avant l’opération ou la série d’opérations et se terminant immédiatement après l’opération ou la série d’opérations, l’auteur du transfert et le bénéficiaire du transfert ont entre eux un lien de dépendance, (ii) il est raisonnable de conclure que l’un des objets d’entreprendre ou d’organiser l’opération ou la série d’opérations consiste à éviter la responsabilité solidaire du bénéficiaire du transfert et de l’auteur du transfert à l’égard d’une somme à payer en vertu de la présente loi; b) une somme que l’auteur du transfert est tenu de payer en vertu de la présente loi (notamment, étant entendu que, s’agissant d’un montant qui est ou non fait l’objet d’une cotisation en application du paragraphe (2) qu’il paye en vertu du présent article) est réputée être devenue payable au cours de l’année d’imposition au titre de laquelle les biens ont été transférés, s’il est raisonnable de conclure que l’un des objets du transfert des biens consiste à éviter le paiement d’un montant futur payable en vertu de la présente loi par l’auteur du transfert ou le bénéficiaire du transfert; c) le montant déterminé selon le sous-alinéa (1)e)(i) est réputé égal à la plus élevée des sommes suivantes : (i) la somme par ailleurs déterminée en vertu de ce sous-alinéa compte non tenu du présent alinéa, (ii) la somme obtenue par la formule suivante : A - B où : A représente la juste valeur marchande du bien au moment du transfert, B selon le cas : (A) la plus petite juste valeur marchande de la contrepartie (qui est détenue par l’auteur du transfert) donnée pour le bien à un moment au cours de la période commençant immédiatement avant l’opération ou la série d’opérations et se terminant immédiatement après l’opération ou la série d’opérations, (B) si la contrepartie est sous une forme qui est annulée ou éteinte au cours de la période visée à la division (A) : [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S.C. 1985, c. 1 (5th Supp.), s. 160; 1994, c. 7, Sch. II, s. 189; 2000, c. 12, s. 142; c. 19, s. 46; c. 30, s. 170; 2007, c. 29, s. 25; 2013, c. 34, ss. 16, 148, 313; 2014, c. 39, s. 57; 2018, c. 12, s. 26; 2022, c. 19, s. 38; 2024, c. 15, s. 80; 2024, c. 17, s. 80.] Definitions (ii) reduce the person’s or another person’s ability to pay any amount owing, or that may become owing, under this Act. (planification d’évitement en vertu de l’article 160) (I) la moindre des valeurs entre la juste valeur marchande déterminée à la division (A) et la juste valeur marchande au cours de la période de tout bien, autre qu’un bien qui est annulé ou éteint au cours de la période, qui est substitué à la contrepartie visée à la division (A), (II) si aucun bien n’est substitué à la contrepartie visée à la division (A), autre qu’un bien qui est annulé ou éteint durant la période, zéro. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs pertinents: L.R.C. (1985), ch. 1 (5e suppl.), art. 160; 1994, ch. 7, ann. II, art. 189; 2000, ch. 12, art. 142; ch. 19, art. 46; ch. 30, art. 170; 2007, ch. 29, art. 25; 2013, ch. 34, art. 16, 148, 313; 2014, ch. 39, art. 57; 2018, ch. 12, art. 26; 2022, ch. 19, art. 38; 2024, ch. 15, art. 80; 2024, ch. 17, art. 80.] Définitions
activité de planification S’entend au sens du paragraphe 163.2(1). (planning activity) attribut fiscal S’entend d’un solde, d’un compte ou d’un montant d’un contribuable, soit pour la détermination d’un montant de son impôt payable en vertu de la présente loi au cours d’une année d’imposition et comprend les attributs suivants : a) une perte en capital, une perte autre qu’un capital, une perte agricole restreinte, une perte agricole et une perte comme commanditaire; b) une somme qui est déductible du calcul du revenu d’une personne; c) un solde de déductions ou autres montants non déduits; d) le capital versé au titre d’une action d’une catégorie du capital-actions d’une société; e) le coût ou le coût en capital d’un bien; f) une somme déduite comme une somme payable par ailleurs en vertu de la présente loi; g) une somme réputée avoir été versée sous forme de montant payable en vertu de la présente loi. (tax attribute) auteur du transfert S’entend au sens des paragraphes 160(1) et (5). (transferor) (b) if subsection 160(5) applied to the transaction or series of transactions, the amount determined under subparagraph 160(5)(c)(ii) would exceed the amount determined under subparagraph 160(5)(c)(i). (opération d’évitement en vertu de l’article 160) (d) paid-up capital in respect of a share of any class of the capital stock of a corporation; (e) cost or capital cost of a property; --- avantage fiscal S’entend au sens du paragraphe 163.2(1). (tax benefit) bénéficiaire du transfert S’entend au sens des paragraphes 160(1) et (5). (transferee) droits à paiement Relativement à une activité de planification d’évitement en vertu de l’article 160, s’entend de l’ensemble des sommes que la personne, ou une autre personne avec laquelle elle a un lien de dépendance, a le droit de recevoir ou de détenir relativement à l’activité avant ou après ce moment et conditionnellement ou non. (gross entitlements) opération d’attribut fiscal S’entend d’une opération ou d’une série d’opérations dans laquelle un attribut fiscal, d’une personne n’ayant aucun lien de dépendance avec l’auteur du transfert ou le bénéficiaire du transfert immédiatement avant l’opération ou la série d’opérations, est utilisé, directement ou indirectement, pour fournir un avantage fiscal à l’auteur du transfert ou au bénéficiaire du transfert (ou, lorsque l’auteur du transfert ou le bénéficiaire du transfert est une société fusionnée avec une autre société, à la nouvelle société au sens du paragraphe 87(1)). (tax attribute transaction) opération d’évitement en vertu de l’article 160 S’entend d’une opération ou d’une série d’opérations, relativement à laquelle, selon le cas : a) les conditions énoncées aux alinéas 160(5)a) ou b) sont satisfaites; b) lorsque le paragraphe 160(5) s’applique à l’opération ou à la série d’opérations, la somme déterminée selon le sous-alinéa 160(5)c)(ii) excède la somme déterminée en vertu du sous-alinéa 160(5)c)(i). (section 160 avoidance transaction) personne Est assimilée à une personne la société de personnes. (person) planification d’évitement en vertu de l’article 160 S’entend d’une activité de planification d’une personne, relativement à une opération ou une série d’opérations, qui remplit les conditions suivantes : a) elle est ou fait partie d’une opération d’évitement en vertu de l’article 160; b) l’un des objets de l’opération ou de la série d’opérations, est de réduire : (i) soit la responsabilité solidaire d’un bénéficiaire du transfert à l’égard de l’impôt que l’auteur du transfert a à payer, Penalty Where excess refunded Pénalité
Quiconque se livre, participe, consent ou acquiesce à une activité de planification dont il sait ou aurait vraisemblablement su, n’eussent été les circonstances équivalant à une faute lourde, qu’elle est une planification d’évitement en vertu de l’article 160, est passible d’une pénalité correspondant à la moins élevée des sommes suivantes : a) 50 % de la somme payable en vertu de la présente loi (déterminée compte non tenu du présent paragraphe) pour laquelle la responsabilité conjointe et solidaire devait être évitée au moyen de la planification; b) le total de 100 000 $ et des droits à prestation de la personne, au moment de l’envoi à celle-ci d’un avis de cotisation relatif à la pénalité, relativement à la planification. Services de bureau ou de secrétariat
Le paragraphe (2) ne s’applique pas à une personne du seul fait qu’elle a rendu des services de bureau ou des services de secrétariat relativement à la planification. [NOTE : Les dispositions d’application ne sont pas incluses dans le texte codifié; voir les lois et règlements modificatifs appropriés.] 2022, ch. 19, art. 38. Remboursement en trop
a) l’excédent est réputé représenter un montant qui est payable par le contribuable à compter de la date du remboursement; b) le contribuable doit payer au receveur général des intérêts sur l’excédent, sauf toute partie de l’excédent qu’il est raisonnable de considérer comme découlant de l’application des articles 122.5, 122.61, 122.7 ou 122.8, calculés au taux prescrit, pour la période allant du jour où cet excédent est devenu payable jusqu’à la date du paiement. Liability for refund by reason of s. 122.5 Responsabilité en cas de remboursement en application de l’art. 122.5 (1.1) Le particulier et la personne qui est son proche admissible, au sens du paragraphe 122.5(1), par rapport à un ou plusieurs mois déterminés d’une année d’imposition sont débiteurs solidaires du moins élevé des montants suivants : a) l’excédent visé au paragraphe (1) qui a été remboursé au particulier pour l’année, ou imputé sur un autre montant dont il est redevable, par application de l’article 122.5; b) le total des montants réputés, par les paragraphes 122.5(3), 0.002) ou (3.003), avoir été payés par le particulier au cours des mois en question. Responsabilité en cas de remboursement — incitatif à agir pour le climat (1.2) Le particulier et la personne qui est son proche admissible (au sens du paragraphe 122.8(1)), par rapport à un ou plusieurs mois déterminés d’une année d’imposition sont débiteurs solidaires du moins élevé des montants suivants : a) l’excédent visé au paragraphe (1) qui a été remboursé au particulier pour l’année, ou imputé sur un autre montant dont il est redevable, par application de l’article 122.8; b) le total des montants réputés, par le paragraphe 122.8(4), avoir été payés par le particulier au cours des mois en question. Responsabilité
Les paragraphes (1.1) et (1.2) ne limitent en rien la responsabilité de quiconque découlant d’une autre disposition de la présente loi. Solidarité en cas de remboursement en vertu de l’article 122.61 (2.1) Le particulier et la personne qui était son époux ou conjoint de fait visé (au sens de l’article 122.6) à la fin d’une année d’imposition sont débiteurs solidaires de l’excédent, visé au paragraphe (1), qui a été, par suite de l’application de l’article 122.61, remboursé au particulier pour l’année ou imputé sur un montant dont il est redevable, à condition que la personne ait été l’époux ou conjoint de fait visé du particulier au moment du remboursement; le présent paragraphe ne limite en rien la responsabilité de quiconque découlant d’une autre disposition de la présente loi.
Solidarité en cas de remboursement en trop à des associés en vertu de l’article 126.1 (2.2) Le contribuable qui est un associé d’une société de personnes le jour où est remboursé à un autre associé de la société de personnes, ou imputé sur un autre montant dont il est redevable, par application des paragraphes 126.1(7) ou (13), un montant supérieur à celui auquel il avait droit, est débiteur solidaire, avec les autres contribuables qui sont des associés de la société de personnes ce jour-là, de l’excédent et des intérêts afférents. Le présent paragraphe ne limite en rien la responsabilité de quiconque découlant d’une autre disposition de la présente loi. Cotisation
Le ministre peut, à tout moment, établir à l’égard d’un contribuable une cotisation pour toute somme que celui-ci doit payer en application des paragraphes (1) à (1.2) ou dont il est débiteur par l’effet des paragraphes (2.1) ou (2.2). Les dispositions de la présente section, notamment celles portant sur les intérêts à payer, s’appliquent, avec les adaptations nécessaires, aux cotisations établies en vertu du présent article comme si elles avaient été établies en vertu de l’article 152 relativement aux impôts payables en vertu de la présente partie, sauf qu’aucun intérêt n’est payable à l’égard de l’excédent visé au paragraphe (1) s’il est raisonnable de considérer qu’il découle de l’application des articles 122.5, 122.61, 122.7 ou 122.8. Montant appliqué en réduction d’une obligation
Dans le cas où le montant appliqué en réduction d’une créance de Sa Majesté du chef du Canada envers un contribuable est supérieur au remboursement auquel il a droit en vertu aux termes de la présente loi, le présent article s’applique comme si le montant avait été remboursé au contribuable le jour où il a été ainsi appliqué. Responsabilité solidaire à l’égard des sommes reçues dans le cadre d’un régime enregistré d’épargne-retraite
a) une somme est reçue dans le cadre d’un régime enregistré d’épargne-retraite par un contribuable autre qu’un rentier (au sens du paragraphe 146(1)) en vertu du régime; b) cette somme serait en tout ou en partie reçue par le contribuable à titre de prestation (au sens du
Where paragraph 146(1), compte non tenu de l’alinéa a) de cette définition, le contribuable et le dernier rentier en vertu du régime sont solidairement responsables du paiement de la partie de l’impôt annuel retenu en vertu de la présente partie pour l’année de son décès égale au résultat de la multiplication de l’excédent de l’impôt du rentier pour l’année sur ce que cet impôt aurait été sans l’application du paragraphe 146(8.8) par le rapport entre, d’une part, le total des sommes représentant chacune une somme déterminée conformément à l’alinéa b) à l’égard du contribuable et, d’autre part, la somme incluse dans le calcul du revenu du rentier par l’effet de ce paragraphe. Le présent paragraphe n’a pas pour effet de limiter la responsabilité du rentier découlant d’une autre disposition de la présente loi ni celle du contribuable quant aux intérêts dont il est redevable en vertu de la présente loi sur une cotisation établie à l’égard du montant qu’il doit payer par l’effet du présent paragraphe. Responsabilité solidaire à l’égard des sommes reçues dans le cadre d’un fonds enregistré de revenu de retraite
Lorsque : a) une somme est reçue dans le cadre d’un fonds enregistré de revenu de retraite par un contribuable autre qu’un rentier (au sens du paragraphe 146.3(1)) en vertu du fonds; b) cette somme serait ou en partie, compte non tenu de l’alinéa 146.3(5)a), incluse dans le calcul du revenu du contribuable pour l’année où elle a été reçue, conformément au paragraphe 146.3(5), le contribuable et le rentier sont solidairement responsables du paiement de la partie de l’impôt annuel retenu en vertu de la présente partie pour l’année de son décès égale au résultat de la multiplication de l’excédent de l’impôt du rentier pour l’année sur ce que cet impôt aurait été sans l’application du paragraphe 146.3(6) par le rapport entre, d’une part, la somme déterminée conformément à l’alinéa b) et, d’autre part, la somme incluse dans le calcul du revenu du rentier par l’effet de ce paragraphe. Le présent paragraphe n’a pas pour effet de limiter la responsabilité du rentier découlant d’une autre disposition de la présente loi ni celle du contribuable quant aux intérêts dont il est redevable en vertu de la présente loi sur une cotisation établie à l’égard du montant qu’il doit payer par l’effet du présent paragraphe. Responsabilité solidaire à l’égard d’une rente admissible de fiducie (2.1) Le contribuable qui est réputé, en vertu de l’article 75.2, avoir reçu, à un moment donné, une somme dans le cadre d’une rente qui est une rente admissible de fiducie Income Tax PART I Income Tax Payment of Tax
A - B where (2.2) Subsection (2.1) limits neither (2.3) [Repealed, 2024, c. 15, s. 51] Rules applicable Impôt sur le revenu
Paiement de l’impôt
relativement à lui est solidairement responsable, avec le rentier en vertu du contrat de rente et le titulaire de police, du paiement de la partie de l’impôt auquel il est tenu en vertu de la présente partie pour son année d’imposition qui comprend ce moment, égale au montant obtenu par la formule suivante : A - B où : A représente le montant de l’impôt du contribuable en vertu de la présente partie pour l’année; B la somme qui correspondrait à l’impôt du contribuable en vertu de la présente partie pour l’année si aucune somme ne s’était réputée, en vertu de l’article 75.2, avoir été reçue par lui dans le cadre de la rente au cours de l’année. Responsabilité du contribuable — rente admissible de fiducie (2.2) Le paragraphe (2.1) n’a pas pour effet de limiter : a) la responsabilité du contribuable visée à ce paragraphe d’après une autre disposition de la présente loi; b) la responsabilité d’un rentier ou d’un titulaire de police, visée à ce paragraphe, pour le paiement des intérêts dont il est redevable en vertu de la présente loi sur une cotisation établie à l’égard du montant qu’il doit payer par l’effet de ce paragraphe. (2.3) [Abrogé, 2024, ch. 15, art. 51] Cotisation
Le ministre peut, à tout moment, établir à l’égard d’un contribuable une cotisation pour toute somme à payer par l’effet du présent article. Par ailleurs, les dispositions de la présente section, notamment celles portant sur les intérêts à payer, s’appliquent, avec les adaptations nécessaires, aux cotisations établies en vertu du présent article comme si elles avaient été établies en vertu de l’article 152 relativement aux impôts à payer en vertu de la présente partie. Règles applicables
Lorsqu’un contribuable et un rentier ou un titulaire sont devenus, en vertu du paragraphe (1), (2) ou (2.3), solidairement responsables de tout ou partie d’une obligation du rentier ou du titulaire en vertu de la présente loi, les règles suivantes s’appliquent : a) tout paiement fait par le contribuable au titre de l’obligation éteint d’autant leur obligation; A - B where b) tout paiement fait au titre de l’obligation du rentier ou du titulaire n’éteint l’obligation du contribuable que dans la mesure où le paiement sert à diminuer l’obligation du rentier ou du titulaire à une somme inférieure à celle à laquelle le contribuable est, en vertu des paragraphes (1), (2) ou (2.3), tenu solidairement responsables. Règles applicables — rente admissible de fiducie
Lorsqu’un rentier ou un titulaire de police est devenu, par l’effet du paragraphe (2.1), solidairement responsable avec un contribuable de tout ou partie d’une obligation du contribuable sous le régime de la présente loi, les règles ci-après s’appliquent : a) tout paiement fait par le rentier au titre de son obligation, ou par le titulaire de police au titre de son obligation, éteint d’autant leur obligation; b) tout paiement fait par le contribuable au titre de son obligation n’éteint l’obligation du rentier et du titulaire de police que dans la mesure où il sert à ramener l’obligation du contribuable à une somme inférieure à celle à laquelle le rentier et le titulaire de police sont, par l’effet du paragraphe (2.1), tenus responsables. Responsabilité solidaire à l’égard d’un régime enregistré d’épargne-invalidité
A - B où : A représente le montant de l’impôt du contribuable en vertu de la présente partie pour l’année; B la somme qui correspondrait à l’impôt du contribuable en vertu de la présente partie pour l’année si aucun paiement d’aide à l’invalidité n’était réputé, en vertu du paragraphe 146.4(10), avoir été fait aux termes du régime enregistré.
Subsection (1) limits neither Responsabilité du contribuable
Le paragraphe (1) n’a pas pour effet de limiter : a) la responsabilité du contribuable visée à ce paragraphe découlant d’une autre disposition de la présente loi; b) la responsabilité de tout titulaire visé à ce paragraphe pour le paiement des intérêts dont il est redevable en vertu de la présente loi sur une cotisation établie à l’égard de la somme qu’il doit payer par l’effet de ce paragraphe. Règles applicables — régimes enregistrés d’épargne-invalidité
Lorsqu’un titulaire, au sens du paragraphe 146.4(1), d’un régime enregistré d’épargne-invalidité est redevable, par l’effet du paragraphe (1), solidairement responsable avec un contribuable de tout ou partie d’une obligation du contribuable au titre de la présente loi, les règles suivantes s’appliquent : a) tout paiement fait par le titulaire au titre de son obligation éteint d’autant son obligation; b) tout paiement fait par le contribuable au titre de son obligation n’éteint l’obligation du titulaire que dans la mesure où il sert à ramener l’obligation du contribuable à une somme inférieure à celle dont le titulaire est, en vertu du paragraphe (1), tenu responsable. Cotisation
Le ministre peut, à tout moment, établir à l’égard d’un contribuable une cotisation pour toute somme à payer par l’effet du présent article. Par ailleurs, les dispositions de la présente section, notamment celles portant sur les intérêts à payer, s’appliquent, avec les adaptations nécessaires, aux cotisations établies en vertu du présent article comme si elles avaient été établies en vertu de l’article 152 relativement aux impôts à payer en vertu de la présente partie. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2007, ch. 35, art. 118. Responsabilité pour les montants provenant d’une fiducie de convention de retraite
Rules applicable reçu. Le présent paragraphe n’a pas pour effet de limiter la responsabilité du contribuable découlant d’une autre disposition de la présente loi ni celle de la personne quant aux intérêts dont elle est redevable en vertu de la présente loi sur une cotisation établie à l’égard du montant qu’elle doit payer par l’effet du présent paragraphe. Cotisation
Le ministre peut, à tout moment, établir à l’égard d’une personne une cotisation pour toute somme à payer par l’effet du présent article. Par ailleurs, les dispositions de la présente section, notamment celles portant sur les intérêts à payer, s’appliquent, avec les adaptations nécessaires, aux cotisations établies en vertu du présent article comme si elles avaient été établies en vertu de l’article 152 relativement aux impôts à payer en vertu de la présente partie. Règles applicables
Dans le cas où un contribuable et une personne deviennent, en application du paragraphe (1), débiteurs solidaires à l’égard de tout ou partie d’une somme payable par le contribuable en vertu de la présente loi, les règles suivantes s’appliquent : a) tout paiement fait par cette autre personne au titre de cette somme éteint d’autant leur obligation; b) tout paiement fait au titre de cette somme n’éteint l’obligation de cette autre personne que dans la mesure où le paiement sert à réduire cette somme à un montant inférieur à celui dont cette autre personne est débitrice solidairement en application du paragraphe (1). [NOTE : Les dispositions d’application ne sont pas incluses dans le présent texte consolidé; voir les lois et règlements modificatifs appropriés.] L.R., 1985, ch. 1 (5e suppl.), art. 160.3; 2013, ch. 34, art. 144 et 316. Responsabilité en cas de transfert par les sociétés insolvables
Income Tax PART I Income Tax Payment of Tax
Where Rules applicable Impôt sur le revenu
Paiement de l’impôt
la responsabilité de la société découlant d’une autre disposition de la présente loi ni celle du contribuable quant aux intérêts dont il est redevable en vertu de la présente loi sur une cotisation établie à l’égard du montant qu’il doit payer par l’effet du présent paragraphe.
Dans le cas où les conditions suivantes sont réunies : a) un contribuable (appelé « cédant » au présent paragraphe) transfère un bien à un autre contribuable (appelé « cessionnaire » au présent paragraphe) avec lequel il n’a un lien de dépendance; b) le cédant est responsable, par l’effet du paragraphe (1) ou du présent paragraphe, du paiement d’une partie de l’impôt d’une autre personne (appelée « débiteur » au présent paragraphe) en vertu de la présente partie; c) il est raisonnable de considérer que l’un des motifs du transfert consisterait, n’eût été le présent paragraphe, à empêcher l’application du présent article, Le cessionnaire est solidairement responsable, avec le cédant et le débiteur, du paiement de la partie de l’impôt du débiteur dont le cédant était redevable au moment du transfert et, s’il est moins élevé, l’excédent de la juste valeur marchande du bien à ce moment sur la juste valeur marchande de la contrepartie donnée pour le bien. Toutefois, le présent paragraphe n’a pas pour effet de limiter la responsabilité du débiteur ou du cédant découlant d’une disposition de la présente loi ni celle du cessionnaire quant aux intérêts dont il est redevable en vertu de la présente loi sur une cotisation établie à l’égard du montant qu’il doit payer par l’effet du présent paragraphe. Cotisation
Le ministre peut, à tout moment, établir à l’égard d’une personne une cotisation pour somme à payer par elle par l’effet du présent article. Les dispositions de la présente section, notamment celles portant sur les intérêts à payer, s’appliquent, avec les adaptations nécessaires, aux cotisations établies en vertu du présent article comme si elles avaient été établies en vertu de l’article 152 relativement aux impôts à payer en vertu de la présente partie. Règles applicables
Dans le cas où une société et une autre personne sont devenues, par l’effet des paragraphes (1) ou (2), solidairement responsables de tout ou partie d’une obligation de la société en vertu de la présente loi, les règles suivantes s’appliquent : Electronic Payments Definitions designated financial institution has the same meaning as in subsection 153(6). (institution financière désignée) Requirement — electronic payments Interest exceeds Interest on instalments (2.1) [Repealed, 2003, c. 15, s. 116(1)] exceeds b) le total des montants représentant chacun un montant payé au plus tard à ce moment au titre de l’impôt payable par le contribuable et imputé par le ministre, à compter de ce moment, sur le montant dont le contribuable est redevable pour l’année en vertu de la présente partie ou des parties I.3, VI, VI.1 ou VI.2. Intérêts sur acomptes provisionnels
Un contribuable qui n’a pas payé au plus tard à la date où il en est tenu tout ou partie d’un acompte provisionnel ou d’une fraction d’impôt qu’il est tenu de payer en vertu de la présente partie doit verser au receveur général, outre les intérêts payables en vertu du paragraphe (1), des intérêts sur le montant qu’il n’a pas payé, calculés au taux prescrit et pour la période allant du jour où le montant devait au plus tard être payé jusqu’à la date du paiement ou jusqu’au début de la période pour laquelle il est tenu de payer des intérêts sur ce montant en vertu du paragraphe (1), si ce début est antérieur. (2.1) [Abrogé, 2003, ch. 15, art. 116(1)] Intérêts compensateurs (2.2) Malgré les paragraphes (1) et (2), le total des intérêts sur l’impôt ou les acomptes provisionnels pour une année d’imposition, qu’un contribuable, sauf une succession assujettie à l’imposition à taux progressifs, doit verser en application de ces paragraphes pour la période allant du premier jour de cette année où une fraction d’impôt ou un acompte provisionnel est payable jusqu’à la date d’exigibilité du solde de l’impôt qui est applicable pour l’année ne peut dépasser l’excédent du total visé à l’alinéa a) sur le montant visé à l’alinéa b) : a) le total des intérêts sur l’impôt ou les acomptes provisionnels pour l’année qui seraient payables par le contribuable pour cette période en application des paragraphes (1) et (2) si aucun montant n’était payé au titre de cet impôt ou de ces acomptes; b) les intérêts qui seraient payables au contribuable en vertu du paragraphe 164(3) pour cette période sur le montant qui lui serait remboursé pour l’année ou qui serait imputé sur un autre montant dont il est redevable, si, à la fois : (i) aucun impôt n’était payable par lui pour l’année, (ii) aucun montant n’avait été remis au receveur général, en vertu de l’article 153, au titre de son impôt pour l’année, (iii) le taux d’intérêt prescrit pour l’application du paragraphe (1) était prescrit pour l’application du paragraphe 164(3), Income Tax PART I Income Tax Interest
[Repealed, 1994, c. 7, Sch. II, s. 133(3)] exceeds (b) the individual’s instalment base for the preceding taxation year, or Limitation — other individuals exceeds Impôt sur le revenu
Intérêts
(iv) le dernier en date des jours visés aux alinéas 164(3)a), b) et c) était le premier jour de l’année.
[Abrogé, 1994, ch. 7, ann. II, art. 133(3)] Restriction applicable aux agriculteurs et pêcheurs
Pour l’application du paragraphe (2) et de l’article 163.1, le particulier qui est tenu de payer, pour une année d’imposition, quelque fraction ou acompte provisionnel d’impôt, calculé selon une méthode visée au paragraphe 155(1), est réputé être tenu de payer, dans le délai prévu au paragraphe 155(1), une fraction ou un acompte provisionnel, calculé par rapport à l’un des montants suivants, selon ce qui aboutit au montant le moins élevé à payer par le particulier dans ce délai : a) l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) son impôt en vertu de la présente partie pour l’année, calculé avant la prise en compte des conséquences fiscales futures déterminées pour l’année, (ii) le total des sommes réputées, par les paragraphes 120(2) ou (2.2) avoir été payées au titre de son impôt en vertu de la présente partie pour l’année, calculé avant la prise en compte des conséquences fiscales futures déterminées pour l’année, b) sa base des acomptes provisionnels pour l’année d’imposition précédente, c) le montant qui, selon l’avis que lui a adressé le ministre, représente l’acompte provisionnel qui est payable par lui pour l’année. Restriction applicable aux autres particuliers (4.01) Pour l’application du paragraphe (2) et de l’article 163.1, le particulier qui est tenu de payer, pour une année d’imposition, quelque fraction ou acompte provisionnel d’impôt, calculé selon une méthode visée au paragraphe 156(1), est réputé être tenu de payer, dans le délai prévu au paragraphe 156(1), une fraction ou un acompte provisionnel, calculé par rapport à l’un des montants suivants, selon ce qui aboutit au montant le moins élevé des fractions ou acomptes à payer par le particulier dans ce délai : a) l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : Limitation — corporations exceeds --- (i) son impôt payable en vertu de la présente partie pour l'année, calculé avant la prise en compte des conséquences fiscales futures déterminées pour l'année, (ii) les sommes réputées par les paragraphes 120(2) et (2.2) avoir été payées au titre de son impôt en vertu de la présente partie pour l'année, calculé avant la prise en compte des conséquences fiscales futures déterminées pour l'année; b) sa base des acomptes provisionnels pour l'année d'imposition précédente; c) les montants déterminés à son égard pour l'année selon l'alinéa 156(1)b); d) les montants qui, selon l'avis qui lui a adressé le ministre, représentent les acomptes provisionnels qui sont payables par lui pour l'année. Restriction applicable aux sociétés (4.1) Pour l'application du paragraphe (2) et de l'article 163.1, la société qui est tenue de payer, pour une année d'imposition, une fraction du montant de l'impôt déterminée selon le paragraphe 157(1), (1.1) ou (1.5), selon le cas, est réputée être tenue de payer, dans le délai prévu aux sous-alinéas 157(1)a)(i), (ii) ou (iii), 1.1)a)(i), (ii) ou (iii) ou 1.5)a)(i) ou (ii), selon le cas, une somme égale à l'excédent de la somme visée à l'alinéa a) sur la somme visée à l'alinéa b) : a) la fraction ou l'acompte provisionnel exigible dans ce délai, calculé selon celle des méthodes permises qui aboutit au total le moins élevé des fractions ou des acomptes pour l'année et par rapport à l'une des sommes suivantes : (i) le total des impôts payables par la société pour l'année en vertu de la présente partie et des parties VI, VI.1 et XIII.1, calculés avant la prise en compte des conséquences fiscales futures déterminées pour l'année, (ii) la première base des acomptes provisionnels de la société pour l'année; (iii) la deuxième base des acomptes provisionnels et la première base des acomptes provisionnels de la société pour l'année; b) la somme éventuelle déterminée selon l'un des alinéas 157(3)b) à e) ou selon les alinéas 157(3.1)b) ou c), selon le cas, relativement à cet acompte provisionnel. (a) transferred to Canada, Revenu d’un résident, tiré d’un pays étranger et formé de devises bloquées
Lorsque tout ou partie du revenu d’un contribuable pour une année d’imposition provient de sources situées dans un autre pays et que le contribuable, en raison des restrictions monétaires ou du contrôle des changes imposés par la législation de ce pays, se trouve dans l’incapacité de le transférer au Canada, le ministre peut, s’il est convaincu que le paiement, requis par la présente partie, de la totalité de l’impôt supplémentaire prévu par la présente partie pour l’année et raisonnablement imputable au revenu de sources situées dans ce pays placerait le contribuable dans une situation financière extrêmement difficile, différer le paiement de tout ou partie de cet impôt supplémentaire pour une période qu’il détermine, mais ce paiement ne peut être ainsi différé si une partie de son revenu de l’année tiré de sources situées dans le pays a été : a) soit à été transférée au Canada; b) soit à été utilisée par le contribuable à une fin quelconque, autre que le paiement, à cet autre pays, d’un impôt sur le revenu tiré de sources situées dans ce pays; c) soit à fait l’objet d’une disposition de la part du contribuable; aucun intérêt n’est payable, en vertu du présent article, sur tout ou partie de cet impôt supplémentaire, au cours de la période pendant laquelle le paiement est ainsi différé. Rajustement du crédit pour impôt étranger (6.1) Malgré les autres dispositions du présent article, lorsque l’impôt payable par un contribuable en vertu de la présente partie pour une année d’imposition donnée est majoré en raison : a) soit d’un rajustement de l’impôt sur le revenu ou sur les bénéfices exigible par lui au gouvernement d’un pays étranger ou au gouvernement d’un État, d’une province ou d’une autre subdivision politique d’un tel pays, b) soit d’une réduction du montant d’impôt étranger déductible en application des paragraphes 126(1) ou (2) dans le calcul de son impôt autrement exigible en vertu de la présente partie pour l’année donnée, par suite de l’application du paragraphe 126(4.2) à une action ou un titre de créance dont il a disposé au cours de l’année d’imposition suivant l’année donnée, (d) before the date of the disposition, if paragraph (b) applies. Flow-through share renunciations Effect of carryback of loss, etc. (vi) [Repealed, 2013, c. 34, s. 318] (iii) un montant exclu de son revenu pour l’année, en application de l’article 49, à l’égard de la levée d’une option au cours d’une année d’imposition ultérieure, (iv) un montant déduit, en application de l’article 118.1, à l’égard d’un don fait au cours d’une année d’imposition ultérieure ou, en application de l’article 111, à l’égard d’une perte subie pour une année d’imposition ultérieure, (iv.1) un montant déduit en application soit du paragraphe 126(2), à l’égard du crédit inutilisé de crédit pour impôt étranger (au sens du paragraphe 126(7)), soit des paragraphes 126.2(21) ou (2.22) à l’égard des impôts étrangers payés, pour une année d’imposition ultérieure, (iv.2) un montant déduit dans le calcul de son revenu pour l’année à cause d’un choix effectué par son représentant légal au cours d’une année d’imposition ultérieure en vertu de l’alinéa 164(6)c) ou d), (v) un montant déduit, en application du paragraphe 127(5), à l’égard d’un bien acquis ou d’une dépense faite, au cours d’une année d’imposition ultérieure, (vi) [Abrogé, 2013, ch. 34, art. 318] (vii) un montant déduit, en application de l’article 125.3, au titre d’un crédit d’impôt de la partie I.3 inutilisé, au sens du paragraphe 125.3(3), pour une année d’imposition ultérieure, (viii) un montant déduit, au titre d’une restitution effectuée selon le paragraphe 68.4(7) de la Loi sur la taxe d’accise au cours d’une année d’imposition ultérieure, dans le calcul du montant déterminé selon le sous-alinéa 12(1)x.1)(ii), (viii.1) un montant déduit en application du paragraphe 147.2(4) dans le calcul du revenu du contribuable pour l’année du fait que le paragraphe 147.2(6) s’applique par suite du décès du contribuable au cours de l’année d’imposition subséquente, (ix) un montant déduit, en application du paragraphe 181.1(4), au titre d’un crédit de surtaxe inutilisé, au sens du paragraphe 181.1(6), du contribuable pour une année d’imposition ultérieure, (x) un montant déduit, en application du paragraphe 190.1(3), au titre d’un crédit d’impôt de la partie I inutilisé, au sens du paragraphe 190.1(5), du contribuable pour une année d’imposition ultérieure, (xii) un montant déduit, en application de l’un des paragraphes 128.1(6) a (8), du produit de disposition de bien pour le contribuable en raison d’un choix fait dans une déclaration de revenu pour une année d’imposition ultérieure, (xii) un montant appliqué en réduction de la somme incluse en application du paragraphe 91(1) pour l’année en raison d’une réduction, visée à l’alinéa 152(6.1)(b), du revenu étranger accumulé, tiré de biens d’une société étrangère affiliée du contribuable pour une année d’imposition de la société affiliée se terminant dans l’année; b) la somme qui est appliquée en réduction de l’impôt payable par le contribuable pour l’année en vertu de la présente partie et des parties I.3, VI et VI.1 par suite de la déduction ou de l’exclusion de montants visés à l’alinéa a) est réputée avoir été versée au titre de l’impôt payable pour l’année en vertu de la présente partie le trentième jour suivant le dernier des dates suivants : (i) le premier jour qui suit cette année d’imposition ultérieure, (ii) le jour où la déclaration de revenu du contribuable ou de son représentant légal pour cette année d’imposition ultérieure a été produite, (iii) le jour où une déclaration de revenu modifiée du contribuable pour l’année a été produite ou un formulaire prescrit modifiant sa déclaration de revenu pour l’année a été présenté conformément au paragraphe 49(4) ou 152(6) ou (6.1) ou à l’alinéa 164(6)e), dans le cas où il y a une telle production ou présentation, (iv) le jour de la demande écrite à la suite de laquelle le ministre établit une nouvelle cotisation concernant l’impôt du contribuable pour l’année et qui tient compte de la déduction ou de l’exclusion, dans le cas où il y a une telle nouvelle cotisation. Certaines sommes réputées versées à titre d’acomptes provisionnels
Pour l’application du paragraphe (2), la somme qui a été versée au cours d’une année d’imposition par un non-résident, en vertu du paragraphe 116(2) ou (4), ou qui a été versée en son nom par une autre personne, en conformité avec le paragraphe 116(5), est réputée avoir été versée au cours de l’année par ce non-résident à titre d’acompte provisionnel sur l’impôt le premier jour où il Income Tax PART I Income Tax Interest
Definitions of instalment base, etc. Impôt sur le revenu
Intérêts
était requis, par la présente loi, de verser un acompte provisionnel sur l’impôt pour cette année. Définitions relatives aux acomptes provisionnels
Au présent article : a) base des acomptes provisionnels, relativement à un particulier, pour une année d’imposition, s’entend du montant déterminé, selon les modalités réglementaires, comme étant sa base des acomptes provisionnels pour l’année; b) première base des acomptes provisionnels et deuxième base des acomptes provisionnels, relativement à une société, pour une année d’imposition, s’entendent au sens du règlement. Présomption de paiement
Pour l’application du paragraphe (2), lorsqu’un montant a été déduit conformément à l’alinéa 127.2(1)a) ou 127.3(1)a) dans le calcul de l’impôt qu’un contribuable doit payer pour une année d’imposition en vertu de la présente partie, le montant ainsi déduit est réputé avoir été payé par le contribuable : a) dans le cas où le contribuable a produit sa déclaration de revenu en vertu de la présente partie pour l’année selon les modalités de l’article 150, le dernier jour de l’année; b) dans tout autre cas, le jour où le contribuable a produit sa déclaration de revenu en vertu de la présente partie pour l’année. Intérêts sur les pénalités
Tout contribuable tenu de payer une pénalité doit la verser au receveur général avec intérêts calculés au taux prescrit : a) s’il s’agit d’une pénalité visée aux articles 162, 163 ou 235, pour la période allant du jour ci-après jusqu’à la date du paiement : (i) le jour où la déclaration de revenu du contribuable pour l’année d’imposition à l’égard de laquelle la pénalité est payable doit ou aurait dû être produite ou le devrait si le contribuable devait payer un impôt en vertu de la présente partie pour l’année, (ii) le jour où tout autre document — déclaration de renseignements, déclaration, certificat de propriété ou autre — à l’égard duquel la pénalité est payable doit au plus tard être produit ou présenté, selon le cas; Income Tax PART I Income Tax Interest
[Repealed, 2000, c. 19, s. 47(3)] (NOTE: Application provisions are not included in the consolidated text: see relevant amending Acts and regulations.) R.S., 1985, c. 1 (5th Supp.), s. 161; 1994, c. 7, Sch. II, s. 183; 1998, c. 19, s. 187; 1999, c. 26, s. 70; 1999, c. 31, s. 42; 2000, c. 19, ss. 46, 47(1), (2), (3); 2001, c. 17, ss. 155, 156; 2007, c. 35, s. 52; 2010, c. 25, s. 40; 2012, c. 19, s. 11; 2013, c. 34, ss. 35, 318; 2014, c. 39, s. 86; 2022, c. 19, s. 41; 2023, c. 26, s. 53. Definitions arrears interest means interest computed under paragraph (5)(b), 129.2(2)(b), 131(3.2)(b), 132.2(2)(b), 133.7(2)(b) or 160.1(1)(b), subsection 161(1) or (11), paragraph 164(3.1)(b) or (4)(b) or subsection 187(2). (intérêts débiteurs) Impôt sur le revenu
Intérêts
b) s’il s’agit d’une pénalité visée à l’article 163.1 relative à une année d’imposition, pour la période allant de la date d’exigibilité du solde qui est applicable au contribuable pour l’année jusqu’à la date du paiement de la pénalité; b.1) s’il s’agit d’une pénalité visée aux paragraphes 237.1(7.4), 237.3(8), 237.4(12) ou 237.5(5), pour la période allant du jour où le contribuable est devenu passible de la pénalité jusqu’à la date du paiement; c) s’il s’agit d’une pénalité payable au titre d’une autre disposition de la présente loi, pour la période allant de la date d’envoi de l’avis de cotisation initial concernant la pénalité jusqu’à la date du paiement.
[Abrogé, 2000, ch. 19, art. 47(3)] (NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification: voir les lois et règlements modificatifs appropriés.) L.R. (1985), ch. 1 (5e suppl.), art. 161; 1994, ch. 7, ann. II, art. 183; 1998, ch. 19, art. 187; 1999, ch. 26, art. 70; 1999, ch. 31, art. 42; 2000, ch. 19, art. 46, 47(1), (2), (3); 2001, ch. 17, art. 155, 156; 2007, ch. 35, art. 52; 2010, ch. 25, art. 40; 2012, ch. 19, art. 11; 2013, ch. 34, art. 35, 318; 2014, ch. 39, art. 86; 2022, ch. 19, art. 41; 2023, ch. 26, art. 53. Compensation des intérêts créditeurs et des intérêts débiteurs Définitions
intérêts créditeurs Les intérêts calculés selon les paragraphes 129.2(1), 131(3.2), 132.2(1), 133.7(1) ou 164(3) ou (3.2). (refund interest) intérêts débiteurs Les intérêts calculés selon l’alinéa (5)b) ou les alinéas 129.2(2)b), 131(3.2)b), 132.2(2)b), 133.7(2)b) ou 160.1(1)b), les paragraphes 161(1) ou (11), les alinéas 164(3.1)b) ou (4)b) ou le paragraphe 187(2). (arrears interest) moins-payé S’agissant du moins-payé d’une société pour une période, le montant visé à l’alinéa (2)b) qui est payable par la société et sur lequel des intérêts débiteurs sont calculés. (underpayment amount) moins-payé accumulé S’agissant du moins-payé accumulé d’une société pour une période, la somme de son moins-payé pour la période et des intérêts débiteurs (étant entendu que ceux-ci comprennent les intérêts composés) courus sur le moins-payé avant la date fixée par la société aux termes de l’alinéa (3)b) dans sa demande visant la période. (accumulated underpayment amount) trop-payé S’agissant du trop-payé d’une société pour une période, le montant visé au sous-alinéa (2)a)(i) qui refund interest means interest computed under subsection 129(2.1), 131(3.1), 132(2.1), 133(7.01) or 164(3) or (3.2). (intérêts créditeurs) Contents of application est remboursé à la société ou le montant visé au sous-alinéa (2a)(ii) auquel elle a droit. (overpayment amount) trop-payé accumulé S’agissant du trop-payé accumulé d’une société pour une période, la somme de son trop-payé pour la période et des intérêts créditeurs (étant entendu que ceux-ci comprennent les intérêts composés) courus sur le trop-payé avant que le trop-payé ne soit affecté aux termes de l’alinéa (3b) dans sa demande visant la période. (accumulated overpayment amount) Intérêts créditeurs et intérêts débiteurs concomitants
Une société peut, par demande écrite, demander au ministre de réaffecter du trop-payé accumulé pour une période commençant après 1999 à un moins-payé accumulé pour la période si les conditions suivantes sont réunies relativement à l’impôt payé ou payable par la société pour l’application des parties I, I.3, II, IV, IV.1, VI, VI.1 ou XIV : a) des intérêts créditeurs pour la période : (i) soit sont calculés sur un montant remboursé à la société, (ii) soit seraient calculés sur un montant auquel la société a droit si ce montant lui était remboursé; b) des intérêts débiteurs pour la période sont calculés sur un montant payable par la société. Contenu de la demande
La demande d’une société pour une période est réputée ne pas avoir été faite, sauf si les conditions suivantes sont réunies : a) elle précise le montant à réaffecter, lequel ne peut dépasser le trop-payé accumulé de la société pour la période ou, s’il est moins élevé, son moins-payé accumulé pour la période; b) elle précise la date de prise d’effet de la réaffectation, laquelle ne peut être antérieure au dernier en date des jours suivants : (i) le jour à compter duquel des intérêts créditeurs sont calculés sur le trop-payé de la société pour la période ou seraient ainsi calculés si le trop-payé était remboursé à la société, (ii) le jour à compter duquel des intérêts débiteurs sont calculés sur le moins-payé de la société pour la période, Income Tax PART I Income Tax
Repayment of refund (a) a particular amount equal to the total of Impôt sur le revenu
Compensation des intérêts créditeurs et des intérêts débiteurs
(iii) le 1er janvier 2000; c) elle est faite au plus tard le 90e jour suivant le dernier en date des jours suivants : (i) la date d’envoi du premier avis de cotisation qui permet de déterminer une partie quelconque du trop-payé de la société auquel la demande se rapporte, (ii) la date d’envoi du premier avis de cotisation qui permet de déterminer une partie quelconque du moins-payé de la société auquel la demande se rapporte, (iii) si la société a signifié un avis d’opposition à une cotisation visée aux sous-alinéas (i) ou (ii), la date d’envoi de l’avis, mentionné au paragraphe 165(3), de la décision du ministre relative à l’avis d’opposition, (iv) si la société a interjeté appel d’une cotisation visée aux sous-alinéas (i) ou (ii) devant un tribunal compétent ou a demandé l’autorisation d’interjeter appel de cette cotisation à un tel tribunal, le jour où sa demande est refusée, le jour où la société retire sa demande ou se désiste ou le jour où une décision définitive est rendue quant à l’appel, (v) la date d’envoi du premier avis à la société portant que le ministre a déterminé une partie quelconque du trop-payé de la société auquel la demande se rapporte, si le trop-payé n’a pas été déterminé d’après un avis de cotisation envoyé avant cette date. Réaffectation
Le montant à réaffecter qui est précisé aux termes de l’alinéa (3)a) par une société est réputé avoir été remboursé à celle-ci et versé au compte du montant en souffrance accumulé à la date précisée par la société aux termes de l’alinéa (3)b). Restitution
Si une société fait une demande pour une période en application du paragraphe (2) et qu’une partie du montant à réaffecter lui a été remboursée, les règles suivantes s’appliquent : a) un montant donné égal à la somme des montants suivants est réputé devenu payable par la société le jour où la partie du montant a été remboursée : Income Tax PART I Income Tax
Impôt sur le revenu
Compensation des intérêts créditeurs et des intérêts débiteurs
(i) la partie du montant à réaffecter qui a été remboursée à la société, (ii) les intérêts créditeurs payés à la société, ou portés à son crédit, relativement à cette partie; b) la société doit payer au receveur général des intérêts sur le montant donné calculés au taux prescrit pour la période allant du jour visé à l’alinéa a) jusqu’au jour du paiement. Réaffectation indirecte
Si la réaffectation dont un trop-payé accumulé fait l’objet aux termes du paragraphe (4) donne lieu à un nouveau trop-payé accumulé de la société pour une période, ce nouveau trop-payé accumulé ne peut être réaffecté en application du présent article que si la société en fait la demande dans sa demande visant la réaffectation initiale. Cotisation
Malgré les paragraphes 152(4), (4.01) et (5), le ministre peut établir les cotisations, nouvelles cotisations ou cotisations supplémentaires nécessaires concernant les intérêts et pénalités payables par une société pour une année d’imposition qui est nécessaire à la prise en compte d’une réaffectation de montants effectuée en vertu du présent article. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2000, ch. 19, art. 48; 2010, ch. 25, art. 41. Intérêts non payables
[NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2003, ch. 15, art. 117. Sommes minimes Intérêts et pénalités de 25 $ ou moins
Income Tax PART I Income Tax Sections 161.3-162 Taxpayer Failure to file return of income
Every person Impôt sur le revenu
Sommes minimes
intérêts et pénalités à payer par elle en vertu de la présente loi pour cette année n’excède pas 25 $, le ministre peut annuler ces intérêts et pénalités. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent texte codifié; voir les lois et règlements modificatifs appropriés.] 2003, ch. 15, art. 117. Contribuable
Ministre
Si, à un moment donné, le total des sommes à payer par le ministre à une personne en vertu de la présente loi est égal ou inférieur à deux dollars, le ministre peut les imputer sur toute somme dont la personne est alors redevable à Sa Majesté du chef du Canada. Toutefois, si la personne n’est alors redevable d’aucune somme à Sa Majesté du chef du Canada, les sommes à payer par le ministre sont réputées nulles. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent texte codifié; voir les lois et règlements modificatifs appropriés.] 2003, ch. 15, art. 117; 2006, ch. 4, art. 162. Pénalités Défaut de déclaration de revenu 162 (1) Toute personne qui ne produit pas de déclaration de revenu pour une année d’imposition selon les modalités et dans le délai prévus au paragraphe 150(1) est passible d’une pénalité égale au total des montants suivants : a) 5 % de l’impôt payable pour l’année en vertu de la présente partie qui était impayé à la date où, au plus tard, la déclaration devait être produite; b) le produit de 1 % de cet impôt impayé par le nombre de mois entiers, jusqu’à concurrence de 12, compris dans la période commençant à la date où, au plus tard, la déclaration devait être produite et se terminant le jour où la déclaration est effectivement produite. Récidive
La personne qui ne produit pas de déclaration de revenu pour une année d’imposition selon les modalités et dans le délai prévus au paragraphe 150(1) après qu’un avis lui en demandant de le faire conformément au paragraphe 150(2) et, avant même ce défaut, avait déjà été pénalisée en application du présent paragraphe ou du paragraphe (1) pour défaut de production d’une
Every person who déclaration de revenu pour une des trois années d’imposition précédentes est passible d’une pénalité égale au total des montants suivants : a) 10 % de l’impôt payable pour l’année en vertu de la présente partie qui était impayé à la date où, au plus tard, la déclaration devait être produite; b) le produit de 2 % de cet impôt impayé par le nombre de mois entiers, jusqu’à concurrence de 20, compris dans la période commençant à la date où, au plus tard, la déclaration devait être produite et se terminant le jour où la déclaration est effectivement produite. Défaut de déclaration par une société non-résidente (2.1) Malgré les paragraphes (1) et (2), la pénalité dont une société non-résidente est passible pour défaut de produire une déclaration de revenu pour une année d’imposition aux termes de ces paragraphes correspond au plus élevé des montants suivants : a) le montant déterminé selon les paragraphes (1) ou (2), selon le cas; b) le plus élevé des montants suivants : (i) 100 $, (ii) le produit de 25 $ par le nombre de jours, jusqu’à concurrence de 100, depuis le jour où la déclaration devait être produite jusqu’au jour où elle est produite. Défaut de déclaration de revenu par l’administrateur de biens
Toute personne qui ne produit pas de déclaration conformément au paragraphe 150(3) est passible d’une pénalité de 10 $ par jour de retard, jusqu’à concurrence de 50 $. Défaut de certificat de propriété
Sont passibles d’une pénalité de 50 $ : a) la personne qui ne fournit pas le certificat de propriété conformément à l’article 234; b) la personne qui ne délivre pas ce certificat de la manière, dans le délai et à l’endroit prévus par les dispositions réglementaires prises en application de cet article; Failure to provide information on form Failure to provide claim preparer information Due diligence Definitions claim preparer information means prescribed information regarding c) la personne qui, contrairement à cet article, encaisse un coupon ou titre sans qu’aucun certificat de propriété ait été fourni. Défaut de fournir des renseignements sur un formulaire
Toute personne qui ne fournit pas les renseignements voulus sur un formulaire prescrit rempli conformément à la présente loi ou à une disposition réglementaire est passible d’une pénalité de 100 $ pour chaque défaut à moins que : a) s’il s’agit de renseignements à fournir sur une autre personne ou sur une société de personnes, la personne se soit raisonnablement appliquée à les obtenir de cette autre personne ou de cette société de personnes; b) s’il s’agit d’un numéro d’assurance sociale à fournir dans une déclaration de revenu, la personne ait demandé qu’un numéro lui soit attribué et ne l’ait pas reçu au moment de la production de la déclaration. Défaut de fournir des renseignements relatifs au préparateur (5.1) Toute personne ou société de personnes qui fait, consent à ou acquiesce à la production d’une fausse énoncé ou une omission en ce qui a trait aux renseignements relatifs au préparateur devant figurer dans un formulaire de RS&DE, ou qui participe, consent ou acquiesce à ce faux énoncé ou à cette omission, est solidairement responsable, avec tout préparateur, du paiement d’une pénalité de 1 000 $. Diligence raisonnable (5.2) Le préparateur de formulaire de RS&DE n’est pas passible de la pénalité visée au paragraphe (5.1) relativement à un faux énoncé ou à une omission s’il a agi avec autant de soin, de diligence et de compétence pour prévenir le manquement que ne l’aurait fait une personne raisonnablement prudente dans les mêmes circonstances. Définitions (5.3) Les définitions qui suivent s’appliquent au présent paragraphe et aux paragraphes (5.1) et (5.2). formulaire de RS&DE Formulaire prescrit à présenter au ministre aux termes du paragraphe 37(11). (SR&ED form) préparateur Personne ou société de personnes, qui, pour une contrepartie, s’engage à établir un formulaire de RS&DE ou à aider à l’établissement d’un formulaire, à l’exclusion d’un employé qui établit le formulaire, ou qui (b) the arrangement under which the claim preparer agrees to accept consideration in respect of the preparation of the form. (renseignements relatifs au préparateur) SR&ED form means a prescribed form required to be filed under subsection 37(11). (formulaire de RS&DE) Failure to provide identification number Failure to comply Late filing penalty — prescribed information returns aide à son établissement, dans le cadre de l’exercice des fonctions de son emploi. (claim preparer) renseignements relatifs au préparateur Renseignements prescrits concernant : a) l’identité du préparateur d’un formulaire de RS&DE; b) les dispositions aux termes desquelles le préparateur s’engage à établir le formulaire pour une contrepartie. (claim preparer information) formulaire de RS&DE Formulaire prescrit devant être produit en vertu du paragraphe 37(11). Défaut de fournir son numéro d’identification
La personne ou la société de personnes qui ne fournit pas sur demande son numéro d’assurance sociale, son numéro d’entreprise, son numéro de compte de fiducie ou son numéro d’identification fiscal fédéral américain à une personne tenue par la présente loi ou son règlement de remplir une déclaration de renseignements devant comporter ce numéro est passible d’une pénalité de 100 $ pour chaque défaut, sauf si a) la demande d’attribution du numéro est faite dans les 15 jours suivant la réception de la demande (ou, dans le cas d’un numéro d’identification fiscal fédéral américain, dans les 90 jours suivant la réception de cette demande); b) le numéro est fourni à cette personne dans les 15 jours suivant sa réception. Inobservation d’un règlement
Toute personne (sauf un organisme de bienfaisance enregistré) ou société de personnes qui ne remplit pas une déclaration de renseignements selon les modalités et dans le délai prévus par la présente loi ou le Règlement de l’impôt sur le revenu ou qui ne se conforme pas à une obligation imposée par la présente loi ou ce règlement est passible, pour chaque défaut de 00 sauf si une autre disposition de la présente loi (sauf les paragraphes (10) et (10.1) et 163.2(22)) prévoit une pénalité pour le défaut — d’une pénalité égale, sans être inférieure à 100 $, au produit de la multiplication de 25 $ par le nombre de jours, jusqu’à concurrence de 100, de la durée de l’inobservation. Défaut de produire des déclarations de renseignements visées par règlement (7.01) Toute personne (sauf un organisme de bienfaisance enregistré) ou société de personnes qui ne remplit pas, dans le délai prévu par la présente loi ou le Règlement de l’impôt sur le revenu, une ou plusieurs Income Tax PART I Income Tax
Failure to file in appropriate manner — prescribed information returns (d) where the number of those information returns is greater than 2,500, $2,500; and Failure to make partnership information return Impôt sur le revenu
Pénalités
déclarations de renseignements d’un type visé par règlement pour l’application du présent paragraphe est passible d’une pénalité égale, sans être inférieure à 100 $, à celle des sommes ci-après qui est applicable, selon le nombre de déclarations de renseignements en cause : a) moins de 51 : le produit de la multiplication de 10 $ par le nombre de jours, jusqu’à concurrence de 100, où le défaut persiste; b) plus de 50 mais moins de 501 : le produit de la multiplication de 15 $ par le nombre de jours, jusqu’à concurrence de 100, où le défaut persiste; c) plus de 500 mais moins de 2 501 : le produit de la multiplication de 25 $ par le nombre de jours, jusqu’à concurrence de 100, où le défaut persiste; d) plus de 2 500 mais moins de 10 001 : le produit de la multiplication de 50 $ par le nombre de jours, jusqu’à concurrence de 100, où le défaut persiste; e) plus de 10 000 : le produit de la multiplication de 75 $ par le nombre de jours, jusqu’à concurrence de 100, où le défaut persiste. Défaut de produire selon les modalités prévues — déclarations de renseignements visées par règlement (7.02) Toute personne (sauf un organisme de bienfaisance enregistré) ou société de personnes qui ne remplit pas, selon les modalités prévues par règlement, une ou plusieurs déclarations de renseignements d’un type visé par règlement pour l’application du présent paragraphe est passible de celle des pénalités ci-après qui est applicable, selon le nombre de déclarations de renseignements en cause : a) plus de 5 mais moins de 51 : 125 $; a.1) plus de 50 mais moins de 251 : 250 $; b) plus de 250 mais moins de 501 : 500 $; c) plus de 500 mais moins de 2 501 : 1 500 $; d) plus de 2 500 : 2 500 $; e) dans les autres cas, zéro. Non-production de déclarations de renseignements par une société de personnes (7.1) La société de personnes dont l’associé ne produit pas une déclaration de renseignements à titre d’associé Income Tax PART I Income Tax Provisions
Failure to file in appropriate manner — return of income Failure to file in appropriate manner — tax preparer Penalty — electronic payments
Where Impôt sur le revenu
Dispositions
pour un exercice de la société de personnes selon les modalités et dans le délai prévus par la présente loi ou le Règlement de l’impôt sur le revenu est passible, si le paragraphe (10) ne prévoit pas une pénalité pour le défaut, d’une pénalité égale, sans être inférieure à 100 $, au produit de 25 $ par le nombre de jours, jusqu’à concurrence de 100, où le défaut persiste. Défaut de produire selon les modalités prévues — déclaration de revenu (7.2) Quiconque ne produit pas de déclaration de revenu pour une année d’imposition selon les modalités prévues au paragraphe 150.1(2.1) est passible d’une pénalité égale à 1 000 $. Défaut de produire selon les modalités prévues — spécialiste en déclarations (7.3) Tout spécialiste en déclarations qui omet de produire une déclaration de revenu selon les modalités prévues au paragraphe 150.1(2.3) est passible de la pénalité suivante : a) 25 $ pour chaque défaut de produire ainsi la déclaration d’un particulier; b) 100 $ pour chaque défaut de produire ainsi la déclaration d’une société. Pénalité — paiements électroniques (7.4) Quiconque omet de se conformer au paragraphe 160.5(2) est passible d’une pénalité de 100 $ pour chaque défaut de s’y conformer. Idem
Une société de personnes est passible, en plus de la pénalité visée au paragraphe (7.1), d’une pénalité égale à 100 $ par associé et par mois ou partie de mois, à concurrence de 24 mois, où cet associé n’a pas produit, à titre d’associé, de déclaration de renseignements pour un exercice de la société de personnes, si les conditions suivantes sont réunies : a) une pénalité est payable en application du paragraphe (7.1) pour défaut de production d’une telle déclaration; b) l’associé a été mis en demeure, en application de l’article 233, de produire cette déclaration ou des renseignements qui doivent y figurer; c) une pénalité a déjà été payable en application du paragraphe (7.1) pour défaut de production par l’associé de la société de personnes d’une déclaration de renseignements à titre d’associé pour un des trois exercices précédents. Rules — partnership liable to a penalty
[Repealed, 1998, c. 19, s. 188(4)] ($500 × A × B) - C where A is B is (10.1) Where Income Tax PART I Income Tax
A - B where A is Application to trust contributions (10.11) In paragraph (d) of the description of A in subsection (10.1), subsections 94(1), (2) and (9) apply. Impôt sur le revenu
Pénalités
a) en cas d’application de l’alinéa (10)a), le nombre de mois, même incomplets, à compter de celui au cours duquel la déclaration devait être produite, où la déclaration n’est pas produite dépasse 24, b) en cas d’application de l’alinéa (10)b), le nombre de mois, même incomplets, à compter de celui au cours duquel la mise en demeure visée à cet alinéa a été signifiée, où la déclaration n’est pas produite dépasse 24, A - B où : A représente : c) si la déclaration est à produire en application de l’article 233.2 à l’égard d’une fiducie, 5 % du total des montants représentant chacun la juste valeur marchande, au moment où il a été fait, d’un apport que la personne ou la société de personnes a fait à la fiducie avant la fin de la dernière année d’imposition de celle-ci pour laquelle la déclaration doit être produite, d) si la déclaration est à produire en application de l’article 233.3 pour une année d’imposition ou un exercice, 5 % du plus élevé des montants représentant chacun le total des coûts indiqués, pour la personne à un moment de l’année ou de l’exercice, d’un de ses biens étrangers déterminés au sens du paragraphe 233.3(1), e) si la déclaration est à produire en application de l’article 233.4 pour une année d’imposition ou un exercice relativement à une société étrangère affiliée de la personne, 5 % du plus élevé des montants représentant chacun le total des coûts indiqués, pour la personne à un moment de l’année ou de l’exercice, d’un bien de celle-ci qui constitue une action du capital-actions ou une dette de la société affiliée; B le total des pénalités dont la personne est passible selon les paragraphes (7) et (10) relativement à la déclaration. Apport à une fiducie (10.11) Les paragraphes 94(1), (2) et (9) s’appliquent à l’alinéa c) de l’élément A de la formule figurant au paragraphe (10.1). (10.2) For the purpose of paragraph (f) of the description of A in subsection 162(10.1), (10.4) For the purposes of this subsection, paragraph (f) of the description of A in subsection 162(10.1) and subsection 162(10.2), A/B where [NOTE: Application provisions are not included in this consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 162; 1994, c. 7, Sch. II, s. 135, 1996, c. 21, s. 58, 1997, c. 25, s. 188, 1999, c. 22, s. 65, c. 26, s. 60, c. 2, s. 50, 2006, c. 4, s. 57, 2013, c. 34, s. 157, 314(9), c. 40, s. 70; 2014, c. 20, s. 100; 2016, c. 12, s. 86; 2018, c. 12, s. 72; 2023, c. 26, s. 54. (i) d’une part, la juste valeur marchande, à ce moment, de son droit de bénéficiaire dans la fiducie, (ii) d’autre part, la juste valeur marchande, à ce moment, de l’ensemble des droits de bénéficiaire dans la fiducie; d) le coût indiqué, pour un bénéficiaire à un moment donné, d’une action de la société est réputé égal au résultat du calcul suivant : A/B où : A représente la juste valeur marchande, à ce moment, du droit de bénéficiaire du bénéficiaire dans la fiducie, B le nombre d’actions qui sont réputées, par l’alinéa c), être la propriété du bénéficiaire à ce moment quant à la société. Conséquence des événements ultérieurs
Pour le calcul des pénalités prévues aux paragraphes (1) et (2) pour non-production de la déclaration de revenu d’une personne pour une année d’imposition, l’impôt payable par la personne en application de la présente partie est calculé avant la prise en compte des conséquences fiscales futures déterminées pour l’année. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 162; 1994, ch. 7, ann. II, art. 135, 1996, ch. 21, art. 58, 1997, ch. 25, art. 188, 1999, ch. 22, art. 65, ch. 26, art. 60, ch. 2, art. 50, 2006, ch. 4, art. 57, 2013, ch. 34, art. 157, 314(9), ch. 40, art. 70; 2014, ch. 20, art. 100; 2016, ch. 12, art. 86; 2018, ch. 12, art. 72; 2023, ch. 26, art. 54. Omission répétée de déclarer un revenu 163 (1) Est passible d’une pénalité toute personne qui, à la fois : a) ne déclare pas un montant, égal ou supérieur à 500 $, à inclure dans le calcul de son revenu dans la déclaration produite conformément à l’article 150 pour une année d’imposition (appelé montant non déclaré au présent paragraphe et au paragraphe (1.1)); b) a omis de déclarer un montant, égal ou supérieur à 500 $, à inclure dans le calcul de son revenu dans une déclaration produite au cours de trois années d’imposition précédentes; c) n’est pas passible d’une pénalité en application du paragraphe (2) relativement au montant non déclaré. Amount of penalty
where False statements or omissions exceeds exceeds Income Tax PART I Income Tax Provisions
exceeds (b) [Repealed, 1994, c. 7, Sch. VII, s. 17] exceeds exceeds Impôt sur le revenu
Dispositions
b) [Abrogé, 1994, ch. 7, ann. VII, art. 17] c) le total des montants représentant chacun l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le montant qui serait réputé par le paragraphe 122.61(1) être un paiement en trop, qui se produit au cours d’un mois donné, soit au titre des sommes dont la personne est redevable en vertu de la présente partie pour l’année, soit, si cette personne est l’époux ou conjoint de fait au sens de l’article 122.6) d’un particulier à la fin de l’année et au début du mois donné, au titre des sommes dont ce particulier est ainsi redevable, si ce montant était calculé d’après les renseignements fournis, (ii) le montant réputé par le paragraphe 122.61(1) être un paiement en trop, qui se produit au cours du mois donné, au titre des sommes dont cette personne ou ce particulier est redevable en vertu de la présente partie pour l’année;
c.1) l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le total des montants représentant chacun un montant réputé, par l’article 122.5, être payé par cette personne au cours d’un mois déterminé de l’année, soit, si cette personne est le proche admissible, au sens du paragraphe 122.5(1), d’un particulier par rapport à ce mois, par ce particulier, si ce total était calculé d’après les renseignements fournis dans la déclaration de revenu, au sens de ce même paragraphe, de la personne pour l’année, (ii) le total des montants représentant chacun un montant réputé, par l’article 122.5, être payé par cette personne au cours d’un mois déterminé de l’année, au sens du paragraphe 122.5(1), par rapport à ce mois;
c.2) l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le montant qui serait réputé par le paragraphe 122.5(1) être payé au titre de l’impôt payable par la personne en vertu de la présente partie pour l’année si le montant était calculé d’après les renseignements fournis, Income Tax PART I Income Tax
exceeds exceeds exceeds --- Impôt sur le revenu
Pénalités
(ii) le montant qui est réputé par le paragraphe 122.5(1) être payé au titre de l’impôt payable par la personne en vertu de la présente partie pour l’année;
c.3) L’excédent de la somme visée au sous-alinéa (i) sur la somme visée au sous-alinéa (ii) : (i) le total des sommes représentant chacune une somme qui serait réputée, en vertu des paragraphes 122.7(2) ou (3), être un paiement au titre de l’impôt à payer par une personne en vertu de la présente partie ou de l’impôt à payer par une autre personne en vertu de la présente partie pour l’année si ces sommes étaient calculées d’après les renseignements fournis dans la déclaration, (ii) le total des sommes représentant chacune une somme qui est réputée, en vertu des paragraphes 122.7(2) ou (3), être un paiement au titre de l’impôt à payer par la personne en vertu de la présente partie et, s’il y a lieu, de l’impôt à payer par l’autre personne en vertu de la présente partie pour l’année;
c.4) L’excédent du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le total des sommes représentant chacune une somme qui serait réputée, par l’article 122.8, être payée par cette personne au cours d’un mois déterminé pour l’année ou, si cette personne est le proche admissible (au sens du paragraphe 122.8(1)) d’un particulier par rapport à ce mois, par ce particulier, si ce total était calculé d’après les renseignements fournis dans la déclaration de revenu (au sens du paragraphe 122.8(1)) de la personne pour l’année, (ii) le total des sommes représentant chacune une somme qui est réputée, en vertu de l’article 122.8, être payée par cette personne ou par un particulier dont elle est le proche admissible (au sens du paragraphe 122.8(1)) par rapport à un mois déterminé de l’année;
c.5) L’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le total des sommes représentant chacune une somme qui serait réputée, par le paragraphe 122.9(2), avoir été payée au titre de l’impôt payable par la personne en vertu de la présente partie pour l’année si cette somme était calculée en fonction de la somme demandée par la personne pour l’année en vertu de ce paragraphe, exceeds exceeds (d) the amount, if any, by which exceeds (ii) the total des sommes représentant chacune la somme que la personne a le droit de demander pour l’année en vertu du paragraphe 122.9(2);
c.6) L’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le total des sommes représentant chacune une somme qui serait réputée, par le paragraphe 122.9(1), avoir été payée au titre de l’impôt à payer par la personne en vertu de la présente partie pour l’année si ces sommes étaient calculées en fonction des renseignements figurant dans la déclaration, (ii) le total des sommes représentant chacune une somme qui est réputée, par le paragraphe 122.9(1), être un paiement au titre de l’impôt à payer par la personne en vertu de la présente partie pour l’année; d) L’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le montant qui, s’il était calculé d’après les renseignements indiqués dans la déclaration produite ou le formulaire présenté conformément aux paragraphes 127.44(2), 127.45(2), 127.48(2) ou 127.49(2), selon le cas, serait réputé être par ce paragraphe payé pour l’année par cette personne, (ii) le montant réputé par les paragraphes 127.44(2), 127.45(2), 127.48(2) ou 127.49(2), selon le cas, payé pour l’année par cette personne; e) l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le montant qui serait réputé par le paragraphe 127.41(3) avoir été payé pour l’année par la personne s’il était calculé en fonction de l’information demandée par la personne pour l’année en vertu de ce paragraphe, exceeds exceeds exceeds exceeds exceeds (A) the definition eligible entity in subsection 125.7(1), (B) the definition eligible renter in subsection 125.7(1), or (C) the definition eligible recovery entity in subsection 125.7(1), (ii) le montant maximal que la personne a le droit de demander pour l’année en vertu du paragraphe 127.41(3); f) l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii): (i) le montant qui serait réputé, par le paragraphe 125.4(3), avoir été payé par la personne pour l’année s’il était calculé d’après les renseignements indiqués en vertu de ce paragraphe dans la déclaration produite pour l’année, (ii) le montant qui est réputé, par le paragraphe 125.4(3), avoir été payé par la personne pour l’année; h) l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii): (i) le montant qui serait réputé, par le paragraphe 125.5(3), avoir été payé par la personne pour l’année s’il était calculé d’après les renseignements indiqués en vertu de ce paragraphe dans la déclaration produite pour l’année, (ii) le montant qui est réputé, par ce paragraphe, avoir été payé par la personne pour l’année; h) l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii): (i) le montant qui serait réputé, en application du paragraphe 125.6(2) ou (2.1), avoir été payé par la personne pour l’année s’il était calculé d’après les renseignements indiqués en vertu de ce paragraphe dans la déclaration produite pour l’année, (ii) le montant qui est réputé, par ce paragraphe, avoir été payé par la personne pour l’année; i) l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii): (i) le montant qui serait réputé par les paragraphes 125.7(2) à (2.2) être un paiement en trop pour la personne ou société pour l’année s’il était calculé en fonction des renseignements indiqués dans la demande produite pour l’année et selon la définition de entité admissible au paragraphe 125.7(1), de l’alinéa a) de la définition de locataire admissible au paragraphe 125.7(1) ou de l’alinéa a) de la définition de entité de relance admissible au paragraphe 125.7(1), Income Tax PART I Income Tax
exceeds Interpretation exceeds exceeds Impôt sur le revenu
Pénalités
(ii) le montant du paiement en trop par la personne ou société de personnes qui est réputé par le paragraphe 125.7(2) être produit. Précisions sur le revenu déclaré (2.1) Pour l’application du paragraphe (2), le revenu imposable déclaré par une personne dans sa déclaration pour une année d’imposition est réputé ne pas être inférieur à zéro et le revenu déclaré en moins d’une personne pour une année s’entend du total des montants suivants : a) l’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le total des montants qu’elle n’a pas déclarés dans sa déclaration mais qui devaient être inclus dans le calcul de son revenu pour l’année, (ii) le total des montants qu’elle pouvait déduire dans le calcul de son revenu pour l’année en vertu de la présente loi, qui étaient entièrement applicables aux montants visés au sous-alinéa (i) et qu’elle n’a pas déduits dans le calcul de son revenu pour l’année dans sa déclaration; b) l’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le total des montants qu’elle a déduits dans le calcul de son revenu pour l’année dans sa déclaration, (ii) le total des montants mentionnés au sous-alinéa (i) qu’elle pouvait déduire, aux termes de la présente loi, dans le calcul de son revenu pour l’année; c) l’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii): Income Tax PART I Income Tax Provisions
exceeds False statement or omission exceeds Impôt sur le revenu
Particules
(i) le total des montants qu’elle a déduits (autres que ceux prévus à l’article 111) de son revenu dans le calcul de son revenu imposable pour l’année qu’elle a déclaré dans sa déclaration, (ii) le total des montants qu’elle pouvait déduire (autres que ceux prévus à l’article 111) de son revenu, aux termes de la présente loi, dans le calcul de son revenu imposable pour l’année. Faux énoncés et omissions (2.2) Toute personne qui, sciemment ou dans des circonstances équivalant à faute lourde, fait un faux énoncé ou une omission dans une renonciation qui devait prendre effet à une date donnée et qui est censée avoir été effectuée en vertu de l’un des paragraphes 66(10 à 10.3), 66(12.6), 66(12.601) et 66(12.62), autrement que par l’effet du paragraphe 66(12.66), est passible d’une pénalité égale à 25% de l’excédent éventuel du montant visé à l’alinéa a) sur le montant visé à l’alinéa b): a) le montant, indiqué dans la renonciation, au titre de frais d’exploration au Canada, de frais d’aménagement au Canada ou de frais à l’égard de biens canadiens relatifs au pétrole et au gaz; b) le montant au titre de frais d’exploration au Canada, de frais d’aménagement au Canada ou de frais à l’égard de biens canadiens relatifs au pétrole et au gaz auquel la société avait le droit de renoncer en vertu du paragraphe applicable à cette date donnée. Faux énoncés ou omissions quant au retour en arrière (2.21) Est passible de la pénalité prévue au paragraphe (2.22) toute personne qui, selon le cas : a) sciemment ou dans des circonstances équivalant à faute lourde, fait un faux énoncé ou une omission dans un document à présenter en vertu du paragraphe 66(12.73) concernant une renonciation censément effectuée par l’effet du paragraphe 66(12.66), ou participe, consent ou acquiesce à ce faux énoncé ou à cette omission; b) ne présente pas le document au plus tard le jour qui suit de 24 mois le jour où il devait être présenté. Penalty exceeds Idem exceeds False statement or omission Pénalité (2.22) La pénalité dont une personne est passible aux termes du paragraphe (2.21) correspond à 25 % de l’excédent éventuel : a) de la partie de l’excédent visé au paragraphe 66(12.73) dont la personne avait ou aurait dû avoir connaissance, sur : b) en cas d’inapplication de l’alinéa (2.21)b), la partie de l’excédent qui est indiquée dans le document, c) dans les autres cas, zéro. Idem (2.3) Toute personne qui, sciemment ou dans des circonstances équivalant à faute lourde, fait un faux énoncé ou une omission dans un formulaire prescrit à présenter aux termes des paragraphes 66(12.691) ou (12.701), ou y participe, y consent ou y acquiesce est passible d’une pénalité correspondant à 25 % de l’excédent du montant visé à l’alinéa a) sur le montant visé à l’alinéa b) : a) le montant à l’égard duquel il est à déclarer dans le formulaire relativement à une personne ou une société de personnes; b) le montant à l’égard duquel il est déclaré dans le formulaire relativement à la personne ou la société de personnes. Faux énoncés ou omissions (2.4) Toute personne ou société de personnes (appelée « personne » au présent paragraphe) qui, sciemment ou dans des circonstances équivalant à faute lourde, fait un faux énoncé ou une omission dans une déclaration, ou y participe, y consent ou y acquiesce, est passible de la pénalité suivante : a) si la déclaration est à présenter en application de l’article 233.1, 24 000 $; b) si la déclaration est à produire en application de l’article 233.2 à l’égard d’une fiducie, la plus élevée des sommes suivantes : (i) 24 000 $, (ii) 5 % du total des montants représentant chacun la juste valeur marchande, au moment où il a été fait, d’une contribution de la personne ou de la société de personnes à la fiducie avant la fin de la (d) where the return is required to be filed under section 233.4 for a taxation year or fiscal period, the greater of (ii) 5% of the total of Application to trust contributions (2.41) In subparagraph (2.4)(b)(ii), subsections 94(1), (2) and (9) apply. (2.5) For the purpose of paragraph 163.2(4)(d), Income Tax PART I Income Tax
Penalty — COVID-19 Penalty — COVID-19 (2.91) For the purposes of this subsection, paragraph 163(2.4)(d) and subsection 163(2.5), of Impôt sur le revenu
Pénalités
(2.901) ou les articles 163.2, 237.1, 237.3 ou 237.4, les articles 152, 158 à 160.1, 161 et 164 à 167 et la section J s’appliquent à la pénalité, avec les adaptations nécessaires, comme si la société de personnes était une société. Pénalité — COVID-19 (2.901) Toute entité déterminée qui est réputée par le paragraphe 125.7(6) avoir un montant correspondant au revenu admissible — pour une période de référence actuelle d’une période d’admissibilité — est passible d’une pénalité de 25 % du montant qui serait réputé être par les paragraphes 125.7(2) ou (2.1) être un paiement en trop de l’entité au cours de la période d’admissibilité s’il était calculé en fonction des renseignements indiqués dans la demande produite conformément à l’alinéa a) de la définition de entité admissible au paragraphe 125.7(1) ou à l’alinéa a) de la définition de locataire admissible au paragraphe 125.7(1). Pénalité — COVID-19 (2.902) Toute entité déterminée qui est réputée par le paragraphe 125.7(6.1) avoir un montant de rémunération totale de la période actuelle pour une période d’admissibilité est passible d’une pénalité de 25 % du montant qui serait réputé être par le paragraphe 125.7(2.2) un paiement en trop de l’entité au cours de la période d’admissibilité s’il était calculé en fonction des renseignements indiqués dans la demande produite conformément à l’alinéa a) de la définition de entité de relance admissible au paragraphe 125.7(1). Fiducies non-résidentes (2.91) Les présomptions suivantes s’appliquent dans le cadre du présent paragraphe, de l’alinéa (2.4)d) et du paragraphe (2.5): a) une fiducie non-résidente est réputée être la société étrangère affiliée contrôlée de chaque bénéficiaire dont la fiducie est une société étrangère affiliée contrôlée pour l’application de l’article 233.4; b) la fiducie est réputée être une société non-résidente dont le capital-actions consiste en une seule catégorie d’actions divisée en 100 actions émises; c) chaque bénéficiaire de la fiducie est réputé être propriétaire, à un moment donné, du nombre d’actions émises de la société égal au produit de la multiplication de 100 par le rapport entre: (i) d’une part, la juste valeur marchande, à ce moment, de son droit de bénéficiaire dans la fiducie, Income Tax PART I Income Tax
A/B where Effect of carryback of losses etc. --- Impôt sur le revenu
Pénalités
(iii) d’autre part, la juste valeur marchande, à ce moment, de l’ensemble des droits de bénéficiaire dans la fiducie; d) le coût indiqué, pour un bénéficiaire à un moment donné, d’une action de la société est réputé égal au résultat du calcul suivant : A/B où : A représente la juste valeur marchande, à ce moment, du droit de bénéficiaire du bénéficiaire dans la fiducie, B le nombre d’actions qui sont réputées, par l’alinéa c), être la propriété du bénéficiaire à ce moment quant à la société. Charge de la preuve relativement aux pénalités
Dans tout appel interjeté, en vertu de la présente loi, au sujet d’une pénalité imposée par le ministre en vertu du présent article ou de l’article 163.2, le ministre a la charge d’établir les faits qui justifient l’imposition de la pénalité. Conséquence du report d’une perte
Pour déterminer selon le paragraphe (2.1) le revenu déclaré en moins d’une personne pour une année d’imposition, les montants suivants sont réputés ne pas être à déduire ni à exclure dans le calcul du revenu de la personne pour l’année : a) les montants déductibles en application de l’article 41 au titre de une perte relative à des biens meubles déterminés de la personne pour une année d’imposition ultérieure; b) les montants qui peuvent être exclus du revenu de la personne par l’effet de l’article 49 relativement à la levée d’une option au cours d’une année d’imposition ultérieure; b.1) les montants déductibles en application du paragraphe 147.2(4) dans le calcul du revenu de la personne pour l’année par suite du fait que le paragraphe 147.2(6) s’applique par suite du décès de la personne au cours de l’année d’imposition subséquente; c) les montants déductibles dans le calcul du revenu de la personne pour l’année par suite d’un choix que le représentant légal de la personne fait au cours d’une année d’imposition ultérieure en application des alinéas 164(6)c) ou d). False statement or omission False statement or omission — trust return (a) $2,500, and [NOTE: Application provisions are not included in the consolidated text; see relevant amendments and regulations.] 1985, c. 55, art. 163.1; 1988, c. 55, s. 1; 1994, c. 7, Sch. II, s. 135; 1995, c. 21, s. 14; 1996, c. 21, s. 49; 1997, c. 25, s. 47; 1998, c. 19, ss. 44, 55, 189; 2000, c. 19, s. 142; c. 19, s. 489; 2007, c. 35, ss. 53, 203; c. 34, ss. 38, 320; 2010, c. 25, s. 66; 2011, c. 24, s. 13; c. 25, s. 119; 2013, c. 34, ss. 53, 55; 2016, c. 12, s. 80; 2020, c. 1, s. 22; c. 35, s. 202; c. 19, s. 202; c. 19, s. 42; 2023, c. 26, s. 55; 2024, c. 15, s. 52; 2024, c. 17, s. 55; 2024, c. 17, s. 80. Penalty for late or deficient instalments Definitions (c) shows a wilful, reckless or wanton disregard of the law. (conduite coupable) (i) subsection 66(12.68) applies to the arrangement, (b) accepting (whether as principal or agent or directly or indirectly) consideration in respect of the promotion or sale of an arrangement. (activité exclue) (a) to cause a subordinate to act or to omit information; and (b) participating, directly or indirectly, in the selling of an interest in, or the promotion of, an arrangement, an entity, a plan, a property or a scheme. (activité de planification) de la promotion ou de la vente d’un arrangement. (excluded activity) avantage fiscal Réduction, évitement ou report d’un impôt ou d’un autre montant payable en vertu de la présente loi ou augmentation d’un remboursement d’impôt ou d’autre montant accordé en vertu de cette loi. (tax benefit) conduite coupable Conduite — action ou défaut d’agir — qui, selon le cas : a) équivaut à une conduite intentionnelle; b) montre une indifférence quant à l’observation de la présente loi; c) montre une insouciance délibérée, déréglée ou téméraire à l’égard de la loi. (culpable conduct) droits à paiement Quant à une personne à un moment donné, relativement à une activité de planification ou une activité d’évaluation qu’elle exerce, l’ensemble des montants que la personne, ou une autre personne avec laquelle elle a un lien de dépendance, a le droit de recevoir ou d’obtenir relativement à l’activité avant ou après ce moment et conditionnellement ou non. (gross entitlements) entité S’entend notamment d’une association, d’une coentreprise, d’une fiducie, d’un fonds, d’une organisation, d’une société, d’une société de personnes ou d’un syndicat. (entity) faux énoncé S’entend notamment d’un énoncé qui est trompeur en raison d’une omission. (false statement) participer S’entend notamment du fait : a) de faire agir un subalterne ou de lui faire omettre une information; b) d’avoir connaissance de la participation d’un subalterne à une action ou à une omission d’information et de ne pas faire des efforts raisonnables pour prévenir pareille participation. (participate) personne Sont assimilées aux personnes les sociétés de personnes. (person) rétribution brute Quant à une personne donnée à un moment quelconque relativement à un faux énoncé qui pourrait être utilisé par une autre personne ou pour son compte, l’ensemble des montants que la personne donnée, ou toute personne avec laquelle elle a un lien de dépendance, a le droit de recevoir ou d’obtenir relativement Amount of penalty (b) in any other case, $1,000. à l’énoncé avant ou après ce moment et conditionnellement ou non. (gross compensation) subalterne Quant à une personne donnée, s’entend notamment d’une autre personne dont les activités sont dirigées, surveillées ou contrôlées par la personne donnée, indépendamment du fait que l’autre personne soit l’employé de la personne donnée ou d’un tiers. Toutefois, l’autre personne n’est pas le subalterne de la personne donnée du seul fait qu’elle soit l’associé d’une société de personnes. (subordinate) Pénalité pour information trompeuse dans les arrangements de planification fiscale
La personne qui fait ou présente, ou qui fait faire ou présenter par une autre personne, un énoncé dont elle sait ou aurait raisonnablement dû savoir, n’eût été de circonstances équivalant à une conduite coupable, qu’il constitue un faux énoncé qu’un tiers (appelé « autre personne » aux paragraphes (6) et (15)) utiliserait à une fin prévue par la présente loi, est passible d’une pénalité relativement au faux énoncé. Montant de la pénalité
La pénalité dont une personne est passible selon le paragraphe (2) relativement à un faux énoncé correspond au montant suivant : a) si l’énoncé est fait dans le cadre d’une activité de planification ou d’une activité d’évaluation, 1 000 $, ou, s’il est plus élevé, le total des droits à payer de la personne, au moment de l’envoi à celle-ci d’un avis de cotisation concernant la pénalité, relativement à l’activité de planification et à l’activité d’évaluation; b) dans les autres cas, 1 000 $. Pénalité pour participation à une information trompeuse
La personne qui fait un énoncé à une autre personne ou qui participe, consent ou acquiesce à un énoncé fait par une autre personne, ou pour son compte, (ces autres personnes étant appelées « autre personne » au présent paragraphe, aux paragraphes (5) et (6), à l’alinéa (12)c) et au paragraphe (15)) dont elle sait ou aurait raisonnablement dû savoir, n’eût été de circonstances équivalant à une conduite coupable, qu’il constitue un faux énoncé qui pourrait être utilisé par l’autre personne, ou pour son compte, à une fin quelconque de la présente loi est passible d’une pénalité relativement au faux énoncé. Amount of penalty (a) $1,000, and (b) the lesser of Montant de la pénalité
La pénalité dont une personne est passible selon le paragraphe (4) relativement à un faux énoncé correspond au plus élevé des montants suivants : a) 1 000 $; b) le moins élevé des montants suivants : (i) la pénalité dont l’autre personne serait passible selon le paragraphe 163.2(2) si elle avait fait l’énoncé dans une déclaration produite pour l’application de la présente loi en sachant qu’il était faux, (ii) la somme de 100 000 $ et de la rétribution brute de la personne, au moment où l’avis de cotisation concernant la pénalité lui est envoyé, relativement au faux énoncé qui pourrait être utilisé par l’autre personne ou pour son compte. Crédit accordé à l’information
Pour l’application des paragraphes (2) et (4), la personne (appelée « conseiller » au paragraphe (7)) qui agit pour le compte de l’autre personne n’est pas considérée comme ayant agi dans des circonstances équivalant à une conduite coupable au sens du paragraphe (2) ou fait l’énoncé visé aux paragraphes (2) ou (4) du seul fait qu’elle s’est fondée, de bonne foi, sur l’information qui lui a été présentée par l’autre personne, ou pour le compte de celle-ci, ou que, de ce fait, elle a omis de vérifier ou de corriger l’information ou d’enquêter à son sujet. Application du paragraphe (6)
Le paragraphe (6) ne s’applique pas à l’énoncé qu’un conseiller fait, ou auquel il participe, consent ou acquiesce, dans le cadre d’une activité exclue. Faux énoncés relatifs à un arrangement
Les règles suivantes s’appliquent dans le cadre du présent article, sauf les paragraphes (4) et (5) : a) lorsqu’une personne fait ou présente, ou fait faire ou présenter par une autre personne, plusieurs faux énoncés, ou y participe, ceux-ci sont réputés être un seul faux énoncé s’ils sont faits ou présentés dans le cadre des activités suivantes : (i) une ou plusieurs activités de planification qui se rapportent à une entité donnée ou à un arrangement, bien, mécanisme, plan ou régime donné, (ii) une activité d’évaluation qui se rapporte à un bien ou service donné; Valuations Exception b) il est entendu qu’une entité donnée ou un arrangement, bien, mécanisme, plan ou régime donné comprend une entité, un arrangement, un bien, un mécanisme, un plan ou un régime relativement auquel, selon le cas : (i) une part a ou doit avoir un numéro d’inscription attribué en vertu de l’article 237.1 qui est le même numéro que celui qui s’applique à chacune des autres parts dans le bien, (ii) un avis d’émission visant des actions accréditives doit être présenté au ministre par l’effet du paragraphe 66(12.68), (iii) l’un des principaux objets de la participation d’une personne à l’entité, à l’arrangement, au mécanisme, au plan ou au régime, ou de l’acquisition du bien par une personne, est l’obtention d’un avantage fiscal. Services de bureau
Pour l’application du présent article, une personne n’est pas considérée comme ayant fait, fourni ou participé à, consenti à ou acquiescé à la confection d’un faux énoncé, de seul fait qu’elle a fourni des services de bureau (sauf la tenue de la comptabilité) ou des services de secrétariat relativement à l’énoncé. Évaluations
Malgré les paragraphes (6) et 163(3), l’énoncé quant à la valeur d’un bien ou d’un service (appelée « valeur attribuée » au présent paragraphe) fait par la personne qui a opiné sur la valeur attribuée ou par une personne dans le cours de l’exercice d’une activité exclue est réputé être un énoncé dont elle aurait vraisemblablement su, n’eût été de circonstances constituant une conduite coupable, qu’il constitue un faux énoncé, si la valeur attribuée est : a) soit inférieure au produit de la multiplication du pourcentage fixé pour le bien ou le service par la juste valeur marchande du bien ou du service; b) soit supérieure au produit de la multiplication du pourcentage fixé pour le bien ou le service par la juste valeur marchande du bien ou du service. Exception
Le paragraphe (10) ne s’applique pas à une personne relativement à un énoncé quant à la valeur d’un bien ou d’un service si la personne établit que la valeur attribuée était raisonnable dans les circonstances et que Income Tax PART I Income Tax
Impôt sur le revenu
Information trompeuse en matière fiscale fournie par des tiers
l’énoncé a été fait de bonne foi et, le cas échéant, n’était pas fondé sur une ou plusieurs hypothèses dont la personne savait ou aurait vraisemblablement su, n’était été de circonstances équivalant à une conduite coupable, qu’elles étaient déraisonnables ou trompeuses dans les circonstances. Règles spéciales
Les règles suivantes s’appliquent dans le cadre du présent article : a) lorsqu’est établie à l’égard d’une personne une cotisation concernant une pénalité prévue au paragraphe (2) dont le montant est fondé sur les droits à paiement de la personne relativement à une activité de planification ou une activité d’évaluation et qu’une autre cotisation concernant la pénalité est établie à un moment ultérieur, les prescriptions suivantes s’appliquent : (i) si les droits à paiement de la personne relativement à l’activité sont plus élevés à ce moment ultérieur, la cotisation concernant la pénalité établie à ce moment est réputée être une cotisation distincte, (ii) dans les autres cas, l’avis de cotisation concernant la pénalité qui a été envoyé avant le moment ultérieur est réputé ne pas avoir été envoyé; b) est exclu des droits à paiement d’une personne à un moment donné relativement à une activité de planification, ou une activité d’évaluation, dans le cadre de laquelle elle fait ou présente, ou fait faire ou présenter par une autre personne, directement ou y participe, le total des montants représentant chacun le montant d’une pénalité (sauf celle dont la cotisation est nulle par l’effet du paragraphe (13)) déterminée selon l’alinéa (3)a) relativement au faux énoncé concernant lequel un avis de cotisation a été envoyé à la personne avant ce moment; c) lorsqu’est établie à l’égard d’une personne une cotisation concernant une pénalité prévue au paragraphe (4), est exclu de la rétribution brute de la personne, à un moment donné relativement au faux énoncé qui pourrait être utilisé par ou pour le compte de l’autre personne, le total des montants représentant chacun le montant d’une pénalité (sauf celle dont la cotisation est nulle par l’effet du paragraphe (13)) déterminée selon le paragraphe (5), dans la mesure où ce énoncé a été utilisé par cette autre personne ou pour son compte, et concernant laquelle un avis de cotisation a été envoyé à la personne avant ce moment. Assessment void Maximum penalty [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2000, c. 19, s. 50; 2013, c. 34, s. 146(F). Definitions (i) can create a virtual second till, (i) may be used to create a virtual second till, or (ii) may eliminate or manipulate transaction records, which may or may not be preserved in digital formats, in order to represent the actual or manipulated record of transactions in the electronic cash register. (appareil de suppression électronique des ventes) Penalty — use (a) unless paragraph (b) applies, $5,000; or Penalty — possession (a) unless paragraph (b) applies, $5,000; or Penalty — manufacturing or making available (ii) peut éliminer ou manipuler des registres de transactions — lesquels peuvent être conservés ou non sous forme numérique — de façon à représenter les registres de transactions réels ou manipulés de la caisse enregistreuse électronique. (electronic suppression of sales device) caisse enregistreuse électronique Appareil qui tient un registre ou des documents justificatifs au moyen d’un dispositif électronique ou d’un système informatique pour enregistrer des données de transactions ou tout autre système électronique de point de vente. (electronic cash register) service S’entend au sens du paragraphe 123(1) de la Loi sur la taxe d’accise. (service) Pénalité — utilisation
Toute personne qui utilise un appareil de suppression électronique de ventes ou un appareil ou un logiciel semblable relativement à des registres qui doivent être tenus par une personne quelconque en vertu de l’article 230 ou qui, sciemment ou par négligence grave, insouciance ou omission volontaire, participe à, consent à ou acquiesce à une telle utilisation, est passible d’une pénalité égale à a) sauf si l’alinéa b) s’applique, 5 000 $; b) 50 000 $ si la personne agit ainsi après que le ministre a établi une cotisation concernant une pénalité payable par elle en vertu du présent article ou de l’article 285.01 de la Loi sur la taxe d’accise. Pénalité — possession
Toute personne qui acquiert ou possède un appareil de suppression électronique de ventes, ou un droit relatif à un tel appareil, qui peut être utilisé, ou qui est destiné à pouvoir être utilisé, relativement à des registres qui doivent être tenus par une personne quelconque en vertu de l’article 230 est passible d’une pénalité égale à a) sauf si l’alinéa b) s’applique, 5 000 $; b) 50 000 $ si la personne agit ainsi après que le ministre a établi une cotisation concernant une pénalité payable par elle en vertu du présent article ou de l’article 285.01 de la Loi sur la taxe d’accise. Pénalité — fabrication ou mise à disposition
Toute personne qui conçoit, développe, fabrique, possède ou offre en vente des appareils de suppression électronique de ventes qui peut être utilisé, ou qui est destiné à pouvoir être utilisé, relativement à des registres qui doivent être tenus par une (a) unless paragraph (b) or (c) applies, $10,000; Limitation Due diligence Impôt sur le revenu
Information trompeuse en matière fiscale fournie par des tiers
personne quelconque en vertu de l’article 230, qui autrement que tel un appareil à la disposition d’une autre personne ou qui fournit des services d’installation, de mise à niveau ou d’entretien d’un tel appareil est passible de la pénalité suivante : a) sauf si les alinéas b) ou c) s’appliquent, 10 000 $; b) sauf si l’alinéa c) s’applique, 50 000 $ si la personne agit ainsi après que le ministre a établi une cotisation concernant une pénalité payable par elle en vertu des paragraphes (2) ou (3) ou des paragraphes 285.01(2) ou (3) de la Loi sur la taxe d’accise; c) 100 000 $ si la personne agit ainsi après que le ministre a établi une cotisation concernant une pénalité payable par elle en vertu du présent paragraphe ou du paragraphe 285.01(4) de la Loi sur la taxe d’accise. Cotisation
Le ministre peut, en tout temps, établir une cotisation à l’égard d’un contribuable concernant toute pénalité payable par une personne en vertu des paragraphes (2) à (4). Par ailleurs, les dispositions de la présente section s’appliquent, avec les adaptations nécessaires, aux cotisations établies en vertu de ces paragraphes comme si elles avaient été établies en vertu de l’article 152. Limitation
Malgré l’article 152, si une cotisation concernant une pénalité payable par une personne en vertu des paragraphes (2) à (4) a été établie à un moment donné, aucune cotisation concernant une pénalité payable par la personne en vertu de ces paragraphes et ayant trait à un acte de celle-ci qui s’est produit avant ce moment ne peut être établie à ce moment ou par la suite. Exclusion de certains moyens de défense
Sauf disposition contraire énoncée au paragraphe (8), une personne ne peut invoquer en défense, relativement à une pénalité qui fait l’objet d’une cotisation en vertu des paragraphes (2) à (4), le fait qu’elle a pris les précautions voulues pour empêcher que l’acte ne se produise. Diligence
Une personne n’est pas passible de la pénalité prévue aux paragraphes (3) ou (4) relativement à son acte si elle a agi avec autant de soin, de diligence et de compétence qu’une personne raisonnablement prudente dans les mêmes circonstances. Refunds Refunds (a) may, Income Tax PART I Income Tax Refunds
(1.1) Subject to subsection 164(1.2), where a taxpayer exceeds (d) the total of Impôt sur le revenu
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b) doit effectuer le remboursement visé au sous-alinéa a)(iii) avec diligence après avoir envoyé l’avis de cotisation, si le contribuable en fait la demande par écrit au cours de la période pendant laquelle le ministre pourrait établir, aux termes du paragraphe 152(4), une cotisation concernant l’impôt payable en vertu de la présente partie par le contribuable pour l’année si ce paragraphe s’appliquait compte non tenu de son alinéa a). Remboursement sur opposition ou appel (1.1) Sous réserve du paragraphe (1.2), lorsqu’un contribuable demande au ministre, par écrit, un remboursement ou la remise d’une garantie, alors qu’il : a) soit signifié, conformément à l’article 165, un avis d’opposition à une cotisation, si le ministre, dans les 120 jours suivant la date de signification, n’a pas confirmé ou modifié la cotisation ni établi une nouvelle cotisation à cet égard; b) soit appelé d’une cotisation devant la Cour canadienne de l’impôt; le ministre, si aucune autorisation n’a été accordée en application du paragraphe 225.2(2) à l’égard du montant de la cotisation, avec diligence, rembourse les sommes versées sur ce montant ou remet la garantie acceptée pour ce montant, jusqu’à concurrence de l’excédent du montant visé à l’alinéa c) sur le montant visé à l’alinéa d): c) le moins élevé des montants suivants : (i) le total des sommes ainsi versées et de la valeur de la garantie, (ii) le montant de cette cotisation; d) le total des montants suivants : (i) la partie du montant de cette cotisation qui n’est pas en litige, (ii) la moitié de la partie du montant de cette cotisation qui est en litige si, selon le cas : (A) le contribuable est une grande société, au sens du paragraphe 225.1(8), (B) le montant se rapporte à une somme qui est déduite en application des articles 110.1 ou 118.1 et qui a été demandée relativement à un abri fiscal. Collection in jeopardy Application of ss. 225.2(4), (10), (12) and (13) Exception Income Tax PART I Income Tax Refunds
When subsection (1.52) applies Instalment refund Impôt sur le revenu
Remboursements
c) dans la mesure où le paiement en trop se rapporte à une cotisation établie à l’égard d’un autre contribuable en vertu des paragraphes 227(10) ou (10.1) (appelée « autre cotisation » au présent alinéa), si la déclaration de revenu que le contribuable est tenu de produire en vertu de la présente partie pour l’année est produite au plus tard le jour qui suit de deux ans la date d’établissement de l’autre cotisation et si cette dernière cotisation a trait (i) dans le cas d’une cotisation établie en vertu du paragraphe 227(10), au paiement au contribuable d’honoraires, d’une commission ou d’une autre somme à l’égard de services rendus au Canada par une personne ou société de personnes non résidente, (ii) dans le cas d’une cotisation établie en vertu du paragraphe 227(10.1), sur une somme à payer en vertu des paragraphes 116(5) ou (5.3) relativement à la disposition d’un bien par le contribuable. Application du paragraphe (1.52) (1.51) Le paragraphe (1.52) s’applique à un contribuable pour une année d’imposition si, après le début de l’année : a) le contribuable a versé, au titre de son impôt payable pour l’année en vertu de la présente partie et, s’il est une société, en vertu des parties I.3, VI, VI.1 et XIII.1, un ou plusieurs acomptes provisionnels d’impôt en vertu de l’un des articles 155 à 157; b) il est raisonnable de conclure que le total de ces acomptes excède le total des impôts qui seront payables par le contribuable pour l’année en vertu de ces parties; c) le ministre est convaincu que le versement des acomptes a porté ou portera indûment préjudice au contribuable. Remboursement (1.52) Le ministre peut rembourser au contribuable auquel le présent paragraphe s’applique pour une année d’imposition tout ou partie de l’excédent visé à l’alinéa (1.51)b). Effet sur les pénalités et les intérêts (1.53) Pour ce qui est du calcul d’une pénalité ou d’intérêts sous le régime de la présente loi, un acompte provisionnel est réputé ne pas avoir été versé dans la mesure où il est raisonnable de considérer que tout ou partie de l’acompte a été remboursé en vertu du paragraphe (1.52). COVID-19 refunds COVID-19 refunds — partnerships Withholding of refunds Income Tax PART I Income Tax Refunds
Application respecting refunds under s. 122.5 Impôt sur le revenu
Remboursements
déclarations dont celui-ci a connaissance et que le contribuable avait à produire au plus tard à ce moment en application de la présente loi, de la Loi sur la taxe d’accise, de la Loi sur le droit pour la sécurité des passagers du transport aérien, de la Loi de 2001 sur l’accise, de la Loi sur la taxe sur les logements sous-utilisés, de la Loi sur la taxe sur certains biens de luxe, de la Loi sur la taxe sur les services numériques et de la Loi sur l’impôt minimum mondial. Imputation d’un remboursement prévu à l’article 122.5 (2.1) Le montant qui est réputé, par l’article 122.5, être payé par un particulier au cours d’un mois déterminé pour une année d’imposition et qui est imputé, en application du paragraphe (2), sur un montant dont le particulier est redevable est réputé avoir été ainsi imputé le jour où il aurait été remboursé si le particulier n’avait pas été redevable d’un montant à Sa Majesté du chef du Canada, à condition que la déclaration de revenu du particulier pour l’année soit produite au plus tard à la date d’exigibilité du solde qui lui est applicable pour l’année. Imputation d’un remboursement prévu à l’article 122.61 (2.2) Le paragraphe (2) ne s’applique pas au montant d’un remboursement à accorder à un contribuable et qui découle de l’application de l’article 122.61, sauf dans la mesure où le montant, visé à ce paragraphe, dont le contribuable est redevable découle de l’application de l’alinéa 160.1(1)a) du fait qu’un montant supérieur à celui auquel il avait droit par l’effet de l’article 122.61 lui a été remboursé. Imputation d’un remboursement — incitatif à agir pour le climat (2.21) Le montant qui est réputé, à l’article 122.8, être payé par un particulier au cours d’un mois déterminé pour une année d’imposition et qui est imputé, en application du paragraphe (2), sur un montant dont le particulier est redevable est réputé avoir été ainsi imputé le jour où il aurait été remboursé si le particulier n’avait pas été redevable d’un montant à Sa Majesté du chef du Canada, à condition que la déclaration de revenu du particulier pour l’année soit produite au plus tard à la date d’exigibilité du solde qui lui est applicable pour l’année. Imputation d’un remboursement prévu à l’article 122.72 (2.22) Le montant qui est réputé, à l’article 122.72, être payé par un particulier au cours d’un mois déterminé pour une année d’imposition et qui est imputé, en application du paragraphe (2), sur un montant dont le particulier est redevable est réputé avoir été ainsi imputé le jour où il aurait été remboursé si le particulier n’avait pas été redevable d’un montant à Sa Majesté du chef du Canada, à condition que la déclaration de revenu du Income Tax PART I Income Tax Refunds
(d) in the case of a refund of an overpayment, the day on which the overpayment arose; and Impôt sur le revenu
Remboursements
particulier pour l’année soit produite au plus tard à la date d’exigibilité du solde qui lui est applicable pour l’année. Déclaration de revenu réputée (2.3) Pour l’application du paragraphe (1), le formulaire visé à l’alinéa b) de la définition de déclaration de revenu à l’article 122.6 qu’un contribuable présente pour une année d’imposition est réputé être une déclaration de revenu du contribuable pour cette année, et un avis de cotisation relatif à cette déclaration est réputé avoir été envoyé par le ministre. Intérêts sur les sommes remboursées
Si, en vertu du présent article, une somme à l’égard d’une année d’imposition est remboursée à un contribuable ou imputée à une autre somme dont il est redevable, à l’exception de tout ou partie de la somme qu’il est raisonnable de considérer comme découlant de l’application de l’alinéa 60n.2) ou des articles 122.5, 122.61, 122.62, 122.8, 125.7 ou 127.421, le ministre paie ou impute des intérêts afférents à cette somme au taux prescrit pour la période commençant au plus tard le dernier en date des jours visés aux alinéas ci-après et se terminant le jour où la somme est remboursée ou imputée : a) si le contribuable est un particulier, le trentième jour suivant la date d’exigibilité du solde qui lui est applicable pour l’année; b) si le contribuable est une société, le cent vingtième jour suivant la fin de l’année; c) si le contribuable est : (i) une société, le trentième jour suivant celui où sa déclaration de revenu pour l’année a été produite en conformité avec l’article 150, sauf si la déclaration a été produite au plus tard à la date d’échéance de production qui lui est applicable pour l’année, (ii) un particulier, le trentième jour suivant celui où sa déclaration de revenu pour l’année a été produite en conformité avec l’article 150; d) dans le cas du remboursement d’un paiement en trop d’impôt, le jour où il a été fait; e) dans le cas du remboursement d’une somme en litige, le jour où il y aurait eu un paiement en trop égal à la somme remboursée si le total des sommes payables sur ce dont le contribuable est redevable en vertu de la présente partie pour l’année était égal à l’excédent du total visé au sous-alinéa (i) sur la somme visée au sous-alinéa (ii) : Income Tax PART I Income Tax Refunds
exceeds Idem Impôt sur le revenu
Remboursements
(i) le total des sommes versées sur ce dont il est redevable en vertu de la présente partie pour l’année ou, s’il est moins élevé, le total des sommes qui, selon la cotisation établie par le ministre, sont à payer en vertu de la présente partie par le contribuable pour l’année, (ii) la somme remboursée. Idem (3.1) Lorsque, à un moment donné, des intérêts ont été, en application des paragraphes (3) ou (3.2), payés à un contribuable ou imputés à un autre montant dont celui-ci est redevable à l’égard d’un paiement en trop et qu’il est déterminé par la suite que le paiement en trop était moins élevé que le paiement en trop à l’égard duquel les intérêts ont été payés ou imputés, les règles suivantes s’appliquent : a) l’excédent éventuel des intérêts payés ou imputés sur les intérêts calculés à l’égard du montant déterminé par la suite comme étant le paiement en trop est réputé être un montant (appelé dans le présent paragraphe « montant payable ») payable par le contribuable en vertu de la présente partie au moment donné; b) le contribuable doit verser au receveur général des intérêts sur le montant payable, calculés au taux prescrit pour la période commençant au moment donné et se terminant à la date du paiement; c) le ministre peut, à tout moment, établir une cotisation à l’égard du contribuable sur le montant payable et, lorsque le ministre établit une telle cotisation, les dispositions de la présente section s’appliquent, avec les adaptations nécessaires, à la cotisation comme si elle avait été établie en vertu de l’article 152. Intérêts sur montants annulés (3.2) Malgré le paragraphe (3), lorsqu’un paiement en trop de la part d’un contribuable pour une année d’imposition est déterminé par suite d’une cotisation établie en application des paragraphes 152(4.2) ou 220(3.1) ou (3.4) et que la somme correspondante est remboursée au contribuable, ou imputée à tout autre montant dont il est redevable, en application des paragraphes (1.5) ou (2), le ministre paie ou applique les intérêts afférents au paiement en trop au taux prescrit sur cette somme, pour la période allant du trentième jour suivant la réception par le ministre, d’une manière qu’il juge acceptable, d’une demande d’application de ces paragraphes jusqu’au jour où la somme est remboursée ou imputée. (d) refund any overpayment resulting from the variation, vacation or reassessment, Effect of carryback of loss, etc. de plus, le ministre peut rembourser tout impôt, tout intérêt ou toute pénalité ou remettre toute garantie qu’il a acceptée, pour ceux-ci, à ce contribuable ou à un autre contribuable qui a fait opposition ou interjeté appel, s’il est convaincu, compte tenu des motifs exposés dans le prononcé sur l’appel, qu’il serait juste et équitable de faire ce remboursement ou cette remise; il est entendu toutefois que le ministre peut en appeler de la décision de la cour conformément aux dispositions de la présente loi, de la Loi sur la Cour canadienne de l’impôt, de la Loi sur les Cours fédérales ou de la Loi sur la Cour suprême relatives à l’appel d’une décision de la Cour canadienne de l’impôt ou de la Cour d’appel fédérale, malgré la modification ou l’annulation de la cotisation par la cour ou l’établissement d’une nouvelle cotisation par le ministre en vertu de l’alinéa c). Effet d’une perte, etc.
Pour l’application du paragraphe (3), il est réputé y avoir eu partie de paiement en trop de l’impôt payable par un contribuable pour une année d’imposition, si cette partie résulte de : a) la déduction d’un montant, au titre d’une restitution effectuée selon le paragraphe 68.4(7) de la Loi sur la taxe d’accise, dans le calcul du montant déterminé selon le sous-alinéa 12(1)x.1)(ii), a.1) la déduction d’un montant en application de l’article 119 à l’égard de la disposition d’un bien canadien imposable au cours d’une année d’imposition ultérieure, b) la déduction d’un montant, en application de l’article 41, à l’égard de la perte relative à des biens meubles déterminés que le contribuable a subie pour une année d’imposition ultérieure, c) l’exclusion d’un montant de son revenu pour l’année, en application de l’article 49, à l’égard de la levée d’une option au cours d’une année d’imposition ultérieure, d) la déduction d’un montant, en application de l’article 118.1, à l’égard d’un don fait au cours d’une année d’imposition ultérieure ou, en application de l’article 111, à l’égard d’une perte subie pour une année d’imposition ultérieure, e) la déduction d’un montant en application soit du paragraphe 126(2) à l’égard de la fraction inutilisée du crédit pour impôt étranger (au sens du paragraphe 126(7)), soit des paragraphes 126(2.21) ou (2.22) à l’égard des impôts étrangers payés, pour une année d’imposition ultérieure, f) la déduction d’un montant en application du paragraphe 127(5) à l’égard de biens acquis ou d’une dépense effectuée pour une année d’imposition ultérieure. (g) [Repealed, 2013, c. 34, s. 321] Income Tax PART I Income Tax Refunds
Impôt sur le revenu
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k) le jour où une déclaration de revenu modifiée du contribuable pour l’année a été produite ou un formulaire prescrit modifiant sa déclaration de revenu pour l’année a été présenté conformément à l’alinéa 6(e) ou au paragraphe 49(4) ou 152(6) ou (6.1), dans le cas où il y a une telle production ou présentation; l) le jour de la demande écrite à la suite de laquelle le ministre établit une nouvelle cotisation concernant l’impôt du contribuable pour l’année et qui tient compte de la déduction ou de l’exclusion, dans le cas où il y a une telle nouvelle cotisation. Intérêts — sommes en litige (5.1) Lorsqu’il est raisonnable de considérer qu’une partie d’une somme de l’impôt remboursée en vertu des paragraphes (1.1) ou (4.1), ou un montant imputé en vertu du paragraphe (2) sur un autre montant que le contribuable est réputé avoir versé, dans le cadre d’une opposition ou d’un appel interjeté par le contribuable au sujet d’une cotisation concernant l’impôt pour une année d’imposition, concerne une déduction ou une exclusion visée au paragraphe (5) relativement à une année d’imposition subséquente, des intérêts ne sont pas payés ou imputés sur cette partie pour une période antérieure à la date la plus tardive parmi les dates visées aux alinéas (5)i) à l). Disposition d’un bien d’un contribuable décédé, par les représentants légaux
Lorsque, au cours de l’administration de la succession assujettie à l’imposition à taux progressifs d’un contribuable, les représentants légaux du contribuable ont, durant la première année d’imposition de la succession : a) soit disposé d’immobilisations de la succession de telle sorte que le total des sommes dont chacune représente une perte en capital à la disposition d’un bien excède le total des sommes dont chacune représente un gain en capital sur la disposition d’un bien; b) soit disposé de tous les biens amortissables de la succession qui appartiennent à une catégorie prescrite de telle sorte que la fraction non amortie du coût en capital des biens de cette catégorie pour la succession, à la fin de la première année d’imposition de la succession, soit déductible, en vertu du paragraphe 20(16) ou des dispositions réglementaires prises en application de l’alinéa 20(1)a), dans le calcul du revenu de la succession de cette année, les règles suivantes s’appliquent, malgré les autres dispositions de la présente loi : Income Tax PART I Income Tax Refunds
Impôt sur le revenu
Remboursements
c) la partie que le représentant légal choisit, selon les modalités et dans le délai réglementaires, d’une ou de plusieurs pertes en capital de la succession résultant de la disposition de biens au cours de l’année d’imposition (et dont le total ne dépasse pas l’excédent visé à l’alinéa a)) est réputée représenter, sauf pour l’application du paragraphe 112(3) et du présent alinéa, des pertes en capital du contribuable décédé résultant de la disposition des biens par celui-ci au cours de sa dernière année d’imposition, et non des pertes en capital de la succession résultant de la disposition de ces biens; d) la partie de toute déduction visée à l’alinéa b) (ne dépassant pas le montant qui, sans le présent paragraphe, correspondrait au total de la perte autre qu’une perte en capital et de la perte agricole de la succession pour sa première année d’imposition) que le représentant légal choisit, selon les modalités et dans le délai réglementaires, est déductible dans le calcul du revenu du contribuable pour l’année d’imposition où celui-ci est décédé, et non pas déductible dans le calcul de toute perte de la succession pour sa première année d’imposition; e) le représentant légal doit, au plus tard à la date prescrite pour la présentation du choix prévu à ces alinéas, une déclaration de revenu modifiée au nom du contribuable décédé pour l’année d’imposition où celui-ci est décédé; f) aucun montant n’est déductible au titre d’un montant visé à l’alinéa c) ou d) dans le calcul du revenu imposable du contribuable décédé pour une année d’imposition antérieure à l’année où il est décédé. Réalisation d’options d’employés décédés (6.1) Malgré les autres dispositions de la présente loi, lorsque le représentant légal d’un contribuable décédé lève, au cours de la première année d’imposition de la succession assujettie à l’imposition à taux progressifs du contribuable, un droit d’acquérir des titres, au sens du paragraphe 7(7), en vertu d’une convention relativement à laquelle le contribuable était réputé par l’alinéa 7(1)e) avoir reçu un avantage, ou dispose d’un tel droit au cours de cette année, les règles ci-après s’appliquent si le représentant en fait le choix selon les modalités et dans le délai prévus par règlement : a) est réputé être une perte du contribuable résultant d’un emploi pour l’année de son décès, l’excédent éventuel de la valeur suivante : (i) la valeur de l’avantage que le contribuable est réputé par l’alinéa 7(1)e) avoir reçu au titre du droit, [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations. R.S., 1985, c. 1 (5th Supp.), s. 164; 1994, c. 7, Sch. II, s. 136, Sch. VIII, s. 9; Sch. VIII, s. 9; 1996, c. 21, s. 44; 1997, c. 25, s. 86; 1998, c. 19, ss. 192, 225; c. 26, s. 64; c. 37, s. 1; 2000, c. 19, ss. 2, 14, 182; 2001, c. 17, ss. 33, 34, 35; c. 41, s. 24; 2005, c. 19, s. 25; 2006, c. 4, ss. 16, 22; c. 5, s. 22; 2007, c. 35, s. 152; 2009, c. 2, s. 63; 2011, c. 24, s. 85; 2012, c. 25, s. 36; 2022, c. 5, s. 159; 2022, c. 14, s. 22; c. 23, s. 442; 2022, c. 5, s. 282; 2022, c. 19, s. 60; 2022, c. 10, s. 159; 2024, c. 17, s. 30; 2024, c. 17, s. 111.]
Limitation of right to object to assessments or determinations
Opposition à la cotisation Opposition à la cotisation 165 (1) Le contribuable qui s’oppose à une cotisation prévue par la présente partie peut signifier au ministre, par écrit, un avis d’opposition exposant les motifs de son opposition et tous les faits pertinents, dans les délais suivants : a) s’il s’agit d’une cotisation, pour une année d’imposition, relative à un contribuable qui est un particulier (sauf une fiducie) ou une succession assujettie à l’imposition à taux progressifs pour l’année, au plus tard le dernier en date des jours suivants : (i) le jour qui tombe un an après la date d’échéance de production qui est applicable au contribuable pour l’année, (ii) le quatre-vingt-dixième jour suivant la date d’envoi de l’avis de cotisation; b) dans les autres cas, au plus tard le quatre-vingt-dixième jour suivant la date d’envoi de l’avis de cotisation. (1.1) Malgré le paragraphe (1), dans le cas où, à un moment donné, le ministre établit une cotisation concernant l’impôt, les intérêts, les pénalités ou d’autres montants payables par un contribuable en vertu de la présente partie ou détermine un montant à l’égard d’un contribuable : a) soit en application des paragraphes 67.5(2) ou 152(1.8), du sous-alinéa 152(4)(b)(ii) ou des paragraphes 152(4.3) ou (6), 161.1(7), 164(4.1), 220(3.4) ou 245(8) ou en conformité avec l’ordonnance d’un tribunal qui annule, modifie ou rétablit la cotisation ou renvoie au ministre pour nouvel examen et nouvelle cotisation; b) soit en application du paragraphe (3), à la suite d’un avis d’opposition relatif à une cotisation ou un montant déterminé en application des dispositions visées à l’alinéa a) ou dans les circonstances qui y sont indiquées; c) soit en application d’une disposition d’une loi fédérale exigeant l’établissement d’une cotisation qui, sans cette disposition, ne serait pas établie en raison des paragraphes 152(4) à (5), le contribuable peut s’opposer à la cotisation ou à la détermination dans les quatre-vingt-dix jours suivant la date d’envoi de l’avis. Late compliance cette disposition, ne serait pas établie en vertu des paragraphes 152(4) à (5), le contribuable peut faire opposition à la cotisation ou au montant déterminé dans les 90 jours suivant la date d’envoi de l’avis de cotisation ou de l’avis portant qu’un montant a été déterminé, mais seulement dans la mesure où il est raisonnable de considérer que les motifs d’opposition sont liés à l’une des questions ci-après que le tribunal n’a pas tranchée définitivement : d) dans le cas où la cotisation a été établie ou le montant, déterminé en application du paragraphe 152(1.8), une question précisée aux alinéas 152(1.8)a), b) ou c); e) dans les autres cas, une question qui a donné lieu à la cotisation ou au montant déterminé. Toutefois, le présent paragraphe n’a pas pour effet de limiter le droit du contribuable de s’opposer à quelque cotisation établie ou montant déterminé avant le moment donné. Oppositions par les grandes sociétés (1.11) Dans le cas d’une société qui était une grande société au cours d’une année d’imposition, au sens du paragraphe 225.1(8), qui s’oppose à une cotisation en vertu de la présente partie pour l’année, l’avis d’opposition doit, à la fois : a) donner une description suffisante de chaque question à trancher; b) préciser, pour chaque question, le redressement demandé, sous la forme du montant que représente la modification d’un solde, au sens du paragraphe 152(4.4), ou d’un solde de dépenses ou autres montants non déduits applicable à la société; c) fournir, pour chaque question, les motifs et les faits sur lesquels se fonde la société. Observation tardive (1.12) Malgré le paragraphe (1.11), dans le cas où un avis d’opposition signifié par une société à laquelle ce paragraphe s’applique ne contient pas les renseignements requis selon les alinéas (1.11)b) ou c) relativement à une question à trancher qui est décrite dans l’avis, le ministre peut demander par écrit à la société de fournir ces renseignements. La société est réputée s’être conformée à ces alinéas relativement à la question en litige si, dans les 60 jours suivant la date de la demande par le ministre, elle communique par écrit les renseignements au chef des Appels visé au paragraphe (2). Application of subsection (1.13) Limitation on objections Restriction touchant les oppositions par les grandes sociétés (1.13) Malgré les paragraphes (1) et (1.1), dans le cas où une cotisation est établie en application du paragraphe (3) pour une année d’imposition par suite d’un avis d’opposition signifié par une société qui était une grande société au cours de l’année, au sens du paragraphe 225.1(8), sauf si l’opposition concerne une cotisation précédente établie en application d’une disposition visée à l’alinéa (1.1)(a) ou dans les circonstances qui y sont déterminées, la société peut faire opposition à cette cotisation relativement à une question à trancher : a) seulement si, relativement à cette question, elle s’est conformée au paragraphe (1.1) dans l’avis; b) seulement à l’égard du redressement, tel qu’il est exposé dans l’avis, qu’elle demande relativement à cette question. Application du paragraphe (1.13) (1.14) Dans le cas où une cotisation est établie en application du paragraphe (3) par suite d’une opposition faite par un contribuable à une cotisation précédente, le paragraphe (1.13) n’a pas pour effet de limiter le droit du contribuable de s’opposer à la cotisation relativement à une question sur laquelle porte cette cotisation mais non la cotisation précédente. Sociétés de personnes (1.15) Malgré le paragraphe (1), dans le cas où le ministre détermine un montant en application du paragraphe 152(1.4) relativement à l’exercice d’une société de personnes, seul est autorisé à faire une opposition concernant ce montant l’associé de la société de personnes qui est, selon le cas : a) désigné à cette fin dans la déclaration de renseignements présentée en application de l’article 229 du Règlement de l’impôt sur le revenu pour l’exercice; b) autrement expressément autorisé par la société de personnes à agir ainsi. (1.2) Malgré les paragraphes (1) et (1.1), aucune opposition ne peut être faite par un contribuable à une cotisation établie en application des paragraphes 118.1(11), 152(4.2), 169(3) ou 220(3.1). Il est entendu que cette interdiction vaut pour les oppositions relatives à une question pour laquelle le contribuable a renoncé par écrit à son droit d’opposition. Income Tax PART I Income Tax
Service Application (3.1) and (3.2) [Repealed, 1998, c. 19, s. 192(4)]
[Repealed, 1994, c. 7, Sch. VIII, s. 98(3)] Validity of notice of objection Notice of objection not required Impôt sur le revenu
Opposition à la cotisation
Signification
L’avis d’opposition prévu au présent article est signifié au chef des Appels d’un bureau de district ou d’un centre fiscal de l’Agence du revenu du Canada soit par personne, soit par courrier. Application (2.1) Malgré les autres dispositions de la présente loi, l’alinéa (1)a) s’applique uniquement aux cotisations établies et aux montants déterminés ou déterminés de nouveau en application de la présente partie et de la partie I.2. Obligations du ministre
Sur réception de l’avis d’opposition, le ministre, avec diligence, examine de nouveau la cotisation et l’annule, la ratifie ou la modifie ou établit une nouvelle cotisation. Dès lors, il avise le contribuable de sa décision par écrit. (3.1) et (3.2) [Abrogés, 1998, ch. 19, art. 192(4)]
[Abrogé, 1994, ch. 7, ann. VIII, art. 98(3)] Validité d’une nouvelle cotisation
Les restrictions prévues aux paragraphes 152(4) et (4.01) ne s’appliquent pas aux nouvelles cotisations établies en vertu du paragraphe (3). Validité de l’avis d’opposition
Le ministre peut accepter un avis d’opposition signifié en vertu du présent article malgré l’inobservation des modalités prévues au paragraphe (2). Avis d’opposition non requis
Lorsqu’un contribuable a signifié un avis d’opposition à une cotisation conformément au présent article et que, par la suite, le ministre procède à une nouvelle cotisation ou établit une cotisation supplémentaire concernant l’impôt, les intérêts, les pénalités et autres montants que l’avis d’opposition visait et qu’il envoie au contribuable un avis de la nouvelle cotisation ou de la cotisation supplémentaire, le contribuable peut, sans signifier un nouvel avis d’opposition à la nouvelle cotisation ou la cotisation supplémentaire, a) interjeter appel auprès de la Cour canadienne de l’impôt conformément à l’article 169; b) si un appel a déjà été interjeté auprès de la Cour canadienne de l’impôt relativement à cette cotisation, modifier l’avis d’appel ou y joindre un appel relativement à la nouvelle cotisation ou à la cotisation [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 166; 1994, c. 7, Sch. II, s. 134; 1995, c. 3, s. 4; 1996, c. 21, s. 70; c. 38, s. 54; c. 49, s. 196; c. 11, s. 98; c. 21, s. 45; 1998, c. 19, s. 392; 1999, c. 17, s. 168; 2000, c. 9, s. 51; 2001, c. 17, s. 157; 2006, c. 8, s. 138; 2010, c. 25, s. 43; 2014, c. 39, s. 61.] Irregularities Contents of application Idem supplémentaire, dans la forme et selon les modalités qui peuvent être fixées par la Cour canadienne de l’impôt. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent texte codifié; voir les lois et règlements modificatifs appropriés : L.R. (1985), ch. 1 (5e suppl.), art. 166; 1994, ch. 7, ann. II, art. 134; 1995, ch. 3, art. 4; 1996, ch. 21, art. 70; ch. 38, art. 54; ch. 49, art. 196; ch. 11, art. 98; ch. 21, art. 45; 1998, ch. 19, art. 392; 1999, ch. 17, art. 168; 2000, ch. 9, art. 51; 2001, ch. 17, art. 157; 2006, ch. 8, art. 138; 2010, ch. 25, art. 43; 2014, ch. 39, art. 61.] Dispositions générales Irrégularités 166 Une cotisation ne peut être annulée ni modifiée lors d’un appel uniquement par suite d’irrégularité, de vice de forme, d’omission ou d’erreur de la part de qui que ce soit dans l’observation d’une disposition simplement directive de la présente loi. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent texte codifié; voir les lois et règlements modificatifs : 1970-71-72, ch. 63, art. « 166 ».] Prorogation du délai par le ministre
Contenu de la demande
La demande doit indiquer les raisons pour lesquelles l’avis d’opposition n’a pas été signifié ou la requête, présentée dans le délai par ailleurs imparti. Modalités
La demande, accompagnée d’un exemplaire de l’avis d’opposition ou de la requête, est envoyée au chef des Appels d’un bureau de district ou d’un centre fiscal de l’Agence du revenu du Canada soit par personne, soit par courrier. Inobservation
Le ministre peut faire droit à la demande malgré l’inobservation des modalités prévues au paragraphe (3). Obligations du ministre
Sur réception de la demande, le ministre, avec diligence, l’examine et y fait droit ou la rejette. Dès lors, il avise le contribuable de sa décision par écrit. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1994, c. 7, Sch. II, s. 133, Sch. VIII, s. 9; c. 13, s. 8; 1999, c. 17, s. 168; 2005, c. 38, s. 138; 2010, c. 25, s. 44. canadienne de l’impôt, de trois exemplaires des documents visés au paragraphe 166.1(3) et de trois exemplaires de l’avis visé au paragraphe 166.1(5). Copie au sous-ministre
La Cour canadienne de l’impôt envoie une copie de la demande au bureau du commissaire du revenu. Pouvoirs de la Cour canadienne de l’impôt
La Cour canadienne de l’impôt peut rejeter la demande ou y faire droit. Dans ce dernier cas, elle peut imposer les conditions qu’elle estime justes ou ordonner que l’avis d’opposition soit réputé signifié à la date de l’ordonnance. Acceptation de la demande
Il n’est fait droit à la demande que si les conditions suivantes sont réunies : a) la demande a été présentée en application du paragraphe 166.1(1) dans l’année suivant l’expiration du délai par ailleurs imparti pour signifier un avis d’opposition ou présenter la requête, selon le cas; b) le contribuable démontre ce qui suit : (i) dans le délai par ailleurs imparti pour signifier l’avis ou présenter la requête, il n’a pu ni agir ni charger quelqu’un d’agir en son nom, ou il avait véritablement l’intention de faire opposition à la cotisation ou de présenter la requête, (ii) compte tenu des raisons indiquées dans la demande et des circonstances de l’espèce, il est juste et équitable de faire droit à la demande, (iii) la demande a été présentée dès que les circonstances le permettaient. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] Prorogation du délai d’appel 167 (1) Le contribuable qui n’a pas interjeté appel en application de l’article 169 dans le délai imparti peut présenter à la Cour canadienne de l’impôt une demande de prorogation du délai pour interjeter appel. La Cour peut faire droit à la demande si elle impose les conditions qu’elle estime justes. Income Tax PART I Income Tax
Contents of application R.S., 1985, c. 1 (5th Supp.), s. 167; 1994, c. 7, Sch. II, s. 139; 2000, c. 30, s. 172. Impôt sur le revenu
Dispositions générales
Contenu de la demande
La demande doit indiquer les raisons pour lesquelles l’appel n’a pas été interjeté dans le délai imparti. Modalités
La demande, accompagnée de trois exemplaires de l’avis d’appel, est déposée en trois exemplaires au greffe de la Cour canadienne de l’impôt conformément à la Loi sur la Cour canadienne de l’impôt. Copie au sous-procureur général
La Cour canadienne de l’impôt envoie une copie de la demande au bureau du sous-procureur général du Canada. Acceptation de la demande
Il n’est fait droit à la demande que si les conditions suivantes sont remplies : a) la demande est présentée dans l’année suivant l’expiration du délai imparti en vertu de l’article 169 pour interjeter appel; b) le contribuable démontre ce qui suit : (i) dans le délai par ailleurs imparti pour interjeter appel, il n’a pu ni agir ni charger quelqu’un d’agir en son nom, ou il avait véritablement l’intention d’interjeter appel, (ii) compte tenu des raisons indiquées dans la demande et des circonstances de l’espèce, il est juste et équitable de faire droit à la demande, (iii) la demande a été présentée dès que les circonstances le permettaient, (iv) l’appel est raisonnablement fondé. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.]
R. (1985), ch. 1 (5e suppl.), art. 167; 1994, ch. 7, ann. II, art. 139; 2000, ch. 30, art. 172. Income Tax PART I Income Tax
Notice of intention to revoke registration Revocation of registration Impôt sur le revenu
Révocation de l’enregistrement de certaines œuvres et associations
Révocation de l’enregistrement de certaines œuvres et associations Avis d’intention de révoquer l’enregistrement 168 (1) Le ministre peut, par lettre recommandée, aviser une personne visée à l’un des alinéas a) à c) de la définition de donataire reconnu au paragraphe 149.1(1) de son intention de révoquer l’enregistrement si la personne, selon le cas : a) s’adresse par écrit au ministre, en vue de faire révoquer son enregistrement; b) cesse de se conformer aux exigences de la présente loi relatives à son enregistrement; c) dans le cas d’un organisme de bienfaisance enregistré, d’une association canadienne enregistrée de sport amateur ou d’une organisation journalistique enregistrée, omet de présenter une déclaration de renseignements, selon les modalités et dans les délais prévus par la présente loi ou par son règlement; d) délivre un reçu pour don sans respecter les dispositions de la présente loi et de son règlement ou contenant des renseignements faux; e) omet de se conformer à l’un des articles 230 à 231.5 ou y contrevient; f) dans le cas d’un organisme de bienfaisance enregistré, d’une association canadienne enregistrée de sport amateur ou d’une organisation journalistique enregistrée, accepte un don fait explicitement ou implicitement à la condition que l’organisme, l’association ou l’organisation fasse un don à une autre personne, à un autre club, à un cercle, à une autre association ou à une autre organisation, à l’exception d’un donataire reconnu. Révocation de l’enregistrement
Si le ministre, dans le cas de l’alinéa a) et dans les autres cas, publie dans la Gazette du Canada copie de l’avis prévu au paragraphe (1), sur publication de cette copie, l’enregistrement de l’organisme de bienfaisance, de l’association canadienne de sport amateur ou de l’organisation journalistique est révoqué. La copie de l’avis doit être publiée dans les délais suivants : a) immédiatement après la mise à la poste de l’avis, si l’organisme de bienfaisance, l’association ou l’organisation a adressé la demande visée à l’alinéa (1)a); Income Tax PART I Income Tax
Impôt sur le revenu
Révocation de l’enregistrement de certaines œuvres et associations
b) dans les autres cas, soit 30 jours après la mise à la poste de l’avis, soit à l’expiration de tout délai supérieur à 30 jours courant de la mise à la poste de l’avis que la Cour d’appel fédérale ou l’un de ses juges fixe, sur demande formulée avant qu’il ne soit statué sur tout appel interjeté en vertu du paragraphe 172(3) au sujet de la signification de cet avis. Loi sur l’enregistrement des organismes de bienfaisance (renseignements de sécurité)
Malgré les paragraphes (1), (2) et (4), l’enregistrement d’un organisme de bienfaisance est révoqué dès qu’un certificat de consentement est jugé raisonnable au titre du paragraphe 7(1) de la Loi sur l’enregistrement des organismes de bienfaisance (renseignements de sécurité). Entités terroristes inscrites (3.1) Malgré les paragraphes (1), (2) et (4), si un donataire reconnu est une entité terroriste inscrite pour l’application de l’article 149.1, l’enregistrement de ce donataire reconnu est révoqué dès la date à laquelle il devient une entité terroriste inscrite. Opposition à l’intention de révocation ou à la désignation
Une personne peut, au plus tard le quatre-vingt-dixième jour suivant la date de mise à la poste de l’avis, signifier au ministre, par écrit et de la manière autorisée par celui-ci, un avis d’opposition exposant les motifs de l’opposition et tous les faits pertinents, et les paragraphes 165(1), (1.1) et (3) à (7) et les articles 166, 166.1 et 166.2 s’appliquent, avec les adaptations nécessaires, comme si l’avis était un avis de cotisation établi en vertu de l’article 152, si: a) dans le cas d’une personne qui est ou était enregistrée à titre d’organisme de bienfaisance enregistré ou qui a présenté une demande d’enregistrement à ce titre, elle s’oppose à l’avis prévu au paragraphe (1) ou à l’un des paragraphes 149.1(2) à (4.1), (6.3), (22) et (23); b) dans le cas d’une personne qui est ou était enregistrée à titre d’association canadienne enregistrée de sport amateur ou qui a présenté une demande d’enregistrement à ce titre, elle s’oppose à l’avis prévu aux paragraphes (1) ou 149.1(4.2) ou (22); c) dans le cas d’une personne visée à l’un des sous-alinéas a)(i) à (v) ou à l’alinéa b.1) de la définition de donataire reconnu au paragraphe 149.1(1) qui est ou Income Tax PART I Income Tax Sections 168-169 notice under any of subsections (1) and 149.1(4.3) and (22). [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 168; 2001, c. 41, ss. 41, 114; 2014, c. 1, s. 139; 2019, c. 29, s. 53; 2019, c. 29, s. 37; 2021, c. 23, s. 46; 2022, c. 10, s. 121. DIVISION J Appeal Impôt sur le revenu
Révocation de l’enregistrement de certaines œuvres et associations
été enregistrée par le ministre à titre de donataire reconnu ou qui a présenté une demande d’enregistrement à ce titre, elle s’oppose à l’avis prévu aux paragraphes (1) ou 149.1(4.3) ou (22). [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R., 1985, ch. 1 (5e suppl.), art. 168; 2001, ch. 41, art. 41 et 114; 2014, ch. 1, art. 139; 2019, ch. 29, art. 28, 37; 2021, ch. 23, art. 45; 2022, ch. 10, art. 121. Désignation des organisations journalistiques canadiennes qualifiées Date de la désignation
Révocation de la désignation
Le ministre peut, en tout temps, révoquer la désignation accordée à une organisation pour l’application de la définition de organisation journalistique canadienne qualifiée au paragraphe 248(1) et, à cette fin, le ministre tient compte des recommandations d’un comité consultatif sur cette entité établie pour l’application de cette définition et visée à l’alinéa b) de cette définition. Avis et date de révocation
Si la désignation d’une organisation est révoquée en vertu du paragraphe (2) : a) le ministre doit en aviser l’organisation par écrit; b) la révocation est réputée entrer en vigueur à la date où l’avis est envoyé conformément à l’alinéa a), sauf si le ministre indique une date antérieure. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2021, ch. 23, art. 46.
Appels auprès de la Cour canadienne de l’impôt et de la Cour d’appel fédérale Appel 169 (1) Lorsqu’un contribuable a signifié un avis d’opposition à une cotisation, prévue à l’article 165, il peut interjeter appel auprès de la Cour canadienne de l’impôt pour faire annuler ou modifier la cotisation : Ecological gifts (d) where the assessment or determination was made under subsection 152(1.8), as relating to any matter specified in paragraph 152(1.8)(a), 152(1.8)(b) or 152(1.8)(c), and Disposition of appeal on consent Provisions applicable d) dans le cas où la cotisation a été établie ou le montant, déterminé en application du paragraphe 152(1.8), une question précisée aux alinéas 152(1.8)a), b) ou c); e) dans les autres cas, une question qui a donné lieu à la cotisation ou au montant déterminé. Toutefois, le présent paragraphe n’a pas pour effet de limiter le droit du contribuable d’en appeler de quelque cotisation établie ou montant déterminé avant le moment donné. Restriction touchant l’appel d’une grande société (2.1) Malgré les paragraphes (1) et (2), la société qui était une grande société au cours d’une année d’imposition, au sens du paragraphe 225.1(8) et qui signifie un avis d’opposition à une cotisation établie en vertu de la présente partie pour l’année ne peut interjeter appel devant la Cour canadienne de l’impôt pour faire annuler ou modifier la cotisation qu’à l’égard des questions suivantes : a) une question relativement à laquelle elle s’est conformée au paragraphe 165(1.11) dans l’avis, mais seulement dans la mesure du redressement, tel qu’il est exposé dans l’avis, qu’elle demande relativement à la question; b) une question visée au paragraphe 165(1.14), dans le cas où elle n’a pas, à cause du paragraphe 165(7), signifié d’avis d’opposition à la cotisation qui a donné lieu à la question. Questions faisant l’objet d’une renonciation (2.2) Malgré les paragraphes (1) et (2), il est entendu qu’un contribuable ne peut interjeter appel auprès de la Cour canadienne de l’impôt pour faire annuler ou modifier une cotisation établie en vertu de la présente partie relativement à une question à l’égard de laquelle le contribuable a renoncé par écrit à son droit d’opposition ou d’appel. Règlement d’un appel après consentement
Malgré l’article 152, en vue de régler un appel interjeté en application d’une disposition de la présente loi, le ministre peut établir à tout moment, avec le consentement écrit du contribuable, une nouvelle cotisation concernant l’impôt, les intérêts, les pénalités ou d’autres montants payables par le contribuable en vertu de la présente loi. Dispositions applicables
La section I s’applique, avec les adaptations nécessaires, aux nouvelles cotisations établies en application Income Tax PART I Income Tax Sections 169-171 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 169; 1994, c. 7, Sch. II, s. 140; 2005, c. 19, s. 21; 1998, c. 19, s. 193; 2001, c. 17, s. 158; 2010, c. 25, s. 45.]
[Repealed, 2013, c. 34, s. 322] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 170; 1994, c. 13, s. 7; 1999, c. 17, s. 167; 2005, c. 38, s. 140; 2013, c. 34, s. 322.] Disposal of Appeal (a) dismissing it; or Ecological gifts Partial disposition of appeal Impôt sur le revenu
du paragraphe (3) comme si elles avaient été établies en application de l’article 152. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir lois et règlements modificatifs appropriés: L.R., (1985), ch. 1 (5e suppl.), art. 169; 1994, ch. 7, ann. II, art. 140; 2005, ch. 19, art. 21; 1998, ch. 19, art. 193; 2001, ch. 17, art. 158; 2010, ch. 25, art. 45.] Avis au sous-ministre 170 (1) Lorsqu’un appel visé à l’article 18 de la Loi sur la Cour canadienne de l’impôt est interjeté auprès de la Cour canadienne de l’impôt celle-ci adresse immédiatement un avis de l’appel au bureau du commissaire du revenu.
[Abrogé, 2013, ch. 34, art. 322] [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir lois et règlements modificatifs appropriés: L.R., (1985), ch. 1 (5e suppl.), art. 170; 1994, ch. 13, art. 7; 1999, ch. 17, art. 167; 2005, ch. 38, art. 140; 2013, ch. 34, art. 322.] Règlement d’un appel 171 (1) La Cour canadienne de l’impôt peut statuer sur un appel en a) le rejetant; b) en l’admettant et en (i) annulant la cotisation, (ii) modifiant la cotisation, (iii) déférant la cotisation au ministre pour nouvel examen et nouvelle cotisation. Dons de biens écosensibles (1.1) La Cour canadienne de l’impôt peut statuer sur un appel interjeté en vertu du paragraphe 169(1.1) en confirmant ou en modifiant le montant fixé, qui représente la juste valeur marchande d’un bien. La valeur fixée par la Cour est réputée être la juste valeur marchande du bien fixée par le ministre de l’Environnement. Règlement partiel d’un appel
Si un appel porte sur plus d’une question, la Cour canadienne de l’impôt peut, avec le consentement écrit des parties, statuer sur une question donnée : a) en rejetant l’appel en ce qui concerne cette question; b) en admettant l’appel en ce qui concerne cette question, auquel cas elle peut modifier la cotisation ou la renvoyer au ministre pour nouvel examen et nouvelle cotisation. NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations. R.S., 1985, c. 1 (5th Supp.), s. 171; 1994, c. 7, Sch. IX, s. 216; 2001, c. 17, s. 159; 2013, c. 33, s. 18. Income Tax PART I Income Tax
(d) [Repealed, 2011, c. 24, s. 54] (f.1) refuses to accept an amendment to a registered pension plan, Income Tax PART I Income Tax
Deemed refusal to register (a.1) [Repealed, 2005, c. 19, s. 39] (c) [Repealed, 2011, c. 24, s. 54] (d) to accept for registration for the purposes of this Act any education savings plan, or Idem Impôt sur le revenu
par un certificat jugé raisonnable au titre du paragraphe 7(1) de la Loi sur l’enregistrement des organismes de bienfaisance (renseignements de sécurité). Cas réputé être un refus d’enregistrement
Pour l’application du paragraphe (3), le ministre est réputé avoir refusé : a) à un demandeur de l’enregistrer comme association canadienne de sport amateur; a.1) [Abrogé, 2005, ch. 19, art. 39] b) de procéder à l’enregistrement d’un régime d’épargne-retraite ou d’un régime de participation aux bénéfices; c) [Abrogé, 2011, ch. 24, art. 54] d) de procéder à l’enregistrement, dans le cadre de la présente loi, d’un régime d’épargne-études; f) de procéder à l’enregistrement, dans le cadre de la présente loi, d’un fonds de revenu de retraite; lorsqu’il n’a pas avisé le demandeur dans les cent quatre-vingts jours suivant son dépôt; dans ce cas, sous réserve du paragraphe (3.1), un appel du refus peut, à tout moment malgré le paragraphe 180(1), être interjeté conformément au paragraphe (3) et en vertu de l’article 180, à la Cour d’appel fédérale par le dépôt d’un avis d’appel à cette cour. Exception : Loi sur l’enregistrement des organismes de bienfaisance (renseignements de sécurité) (4.1) L’appel visé aux paragraphes (3) ou (4) est suspendu dès qu’est signifiée au demandeur ou à l’organisme de bienfaisance enregistré, en vertu du paragraphe 5(1) de la Loi sur l’enregistrement des organismes de bienfaisance (renseignements de sécurité), une copie du certificat signé en vertu de cette loi, que l’appel ait été interjeté avant ou après la signature du certificat, et : a) annulé dès que le certificat est jugé raisonnable au titre du paragraphe 7(1) de cette loi; b) rétabli à compter de l’annulation du certificat au titre du paragraphe 7(2) de cette loi. Cas réputé être un refus d’enregistrement
Pour l’application du paragraphe (3), le ministre est réputé avoir refusé d’enregistrer un régime de pension ou un régime de pension collectif dans le cadre de la présente loi ou d’accepter un régime de pension ou un régime de pension agréé collectif si Application of s. 149.1(1) [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 172; 1994, c. 7, Sch. II, s. 149; 1996, c. 21, s. 63; 1998, c. 19, ss. 185, 127; 2006, c. 9, s. 39; 2011, c. 24, ss. 54, 2012, c. 31, s. 41; 2019, c. 29, s. 38. (a) the periods determined under subsection 152(4), [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1970-71-72, c. 63, s. 1173; 1984, c. 1, s. 1; 1989, c. 46, s. 73; 1986, c. 6, s. 1; 1990, c. 39, s. 45. Common questions
An application under subsection (1) (a) shall set out projetées, relatives à plusieurs contribuables et qu’il s’agit d’une question de droit, de fait ou de droit et de fait tenant : a) soit à une même opération, à un même événement ou à une même série d’opérations ou d’événements; b) soit à des opérations ou des événements sensiblement semblables ou à des séries d’opérations ou d’événements sensiblement semblables. Demande
La demande visée au paragraphe (1) : a) comporte les renseignements suivants : (i) la question au sujet de laquelle le ministre demande une décision, (ii) le nom des contribuables qu’il souhaite voir liés par la décision, (iii) les faits et motifs sur lesquels il s’appuie et sur lesquels il fonde ou a l’intention de fonder la cotisation concernant l’impôt payable par chacun des contribuables nommés dans la demande; b) est signifiée par le ministre à chacun des contribuables qui y sont nommés et à toute autre personne qui, de l’avis de la Cour canadienne de l’impôt, est susceptible d’être touchée par la décision sur la question : (i) soit par l’envoi d’une copie à chacun des contribuables ainsi nommés et à chacune de ces autres personnes, (ii) soit sur demande ex parte du ministre, conformément aux directives de la Cour canadienne de l’impôt. Décision de la Cour canadienne de l’impôt
Dans le cas où la Cour canadienne de l’impôt est convaincue que la question soumise dans une demande présentée en vertu du présent article se rapporte à des cotisations, réelles ou projetées, relatives à plusieurs contribuables à qui une copie de la demande a été signifiée, elle peut : a) rendre une ordonnance nommant les contribuables à l’égard desquels il sera statué sur la question; b) si un ou plusieurs des contribuables à qui une copie de la demande a été signifiée ont interjeté appel, devant elle, d’une cotisation à laquelle la question se rapporte, rendre toute ordonnance groupant dans cet ou Income Tax PART I Income Tax
Appeal (a) the Minister; or Impôt sur le revenu
ces appels une ou plusieurs parties comme elle le juge à propos; c) entreprendre de statuer sur la question de la façon qu’elle juge indiquée. Décision définitive
Sous réserve du paragraphe (4.1), la décision rendue par la Cour canadienne de l’impôt sur une question soumise dans une demande dont elle a été saisie en vertu du présent article est définitive et sans appel aux fins d’établissement de toute cotisation concernant l’impôt payable par les contribuables nommés dans l’ordonnance visée à l’alinéa (3)a). Appel (4.1) Dans le cas où la Cour canadienne de l’impôt statue sur une question soumise dans une demande dont elle a été saisie en vertu du présent article, un appel de la décision peut être interjeté, conformément aux dispositions de la Loi sur la Cour canadienne de l’impôt ou de la Loi sur les Cours fédérales applicables aux appels de décisions de la Cour canadienne de l’impôt devant la Cour d’appel fédérale : a) soit par le ministre; b) soit par l’un des contribuables nommés dans une ordonnance rendue en vertu de l’alinéa (3)a) si, le cas : (i) la question tient à une même opération, à un même événement ou à une même série d’opérations ou d’événements, (ii) le contribuable a interjeté appel, devant la Cour canadienne de l’impôt, d’une cotisation à laquelle la question se rapporte, (iii) le contribuable a obtenu une autorisation d’interjeter appel d’un juge de la Cour d’appel fédérale. Contribuables liés (4.2) Tout contribuable nommé dans une ordonnance rendue en vertu de l’alinéa (3)a) relativement à une question est lié par toute décision rendue sur la question lors d’un appel interjeté devant la Cour d’appel fédérale ou la Cour suprême du Canada. Exclusion du délai d’examen de la question
La période comprise entre la date à laquelle une demande faite en vertu du présent article est signifiée à un contribuable conformément au paragraphe (2), et (c) the periods determined under subsection 152(4), (d) the time for service of a notice of objection to an assessment under section 165, or NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 174; 2002, c. 8, s. 182; 2013, c. 33, s. 19. Institution of appeals NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 175; 1994, c. 7, Sch. VIII, s. 101. 176 [Repealed, 2013, c. 34, s. 323] NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 176; 2002, c. 8, s. 149; 2013, c. 34, s. 323. NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 179; 2002, c. 8, s. 184. a) dans le cas d’un contribuable nommé dans une ordonnance de la Cour canadienne de l’impôt conformément au paragraphe (3), la date à laquelle la décision devient définitive et sans appel; b) dans le cas de tout autre contribuable, la date à laquelle il lui est signifié un avis portant qu’il n’a pas été nommé dans une ordonnance de la Cour canadienne de l’impôt en vertu du paragraphe (3), est exclue du calcul : c) des périodes déterminées selon le paragraphe 152(4); d) du délai de signification d’un avis d’opposition à une cotisation en vertu de l’article 165; e) du délai d’appel en vertu de l’article 169, pour ce qui est d’établir la cotisation concernant l’impôt, les intérêts ou les pénalités payables par le contribuable, de signifier un avis d’opposition à cette cotisation ou d’en appeler de celle-ci. NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; L.R., 1985, ch. 1 (5e suppl.), art. 174; 2002, ch. 8, art. 182; 2013, ch. 33, art. 19. Appels 175 Un appel à la Cour canadienne de l’impôt, sauf un appel visé à l’article 18 de la Loi sur la Cour canadienne de l’impôt, est interjeté de la manière indiquée par cette loi ou par les règles établies au titre de celle-ci. NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; L.R., 1985, ch. 1 (5e suppl.), art. 175; 1994, ch. 7, ann. VIII, art. 101. 176 [Abrogé, 2013, ch. 34, art. 323] NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; L.R., 1985, ch. 1 (5e suppl.), art. 176; 2002, ch. 8, art. 149; 2013, ch. 34, art. 323. Huis clos 179 Les audiences devant la Cour d’appel fédérale prévues par la présente section peuvent, à la demande du contribuable, se tenir à huis clos si le contribuable démontre, à la satisfaction de la Cour, que les circonstances le justifient. NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; L.R., 1985, ch. 1 (5e suppl.), art. 179; 2002, ch. 8, art. 184. Appel non fondé
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 179; 1994, c. 7, Sch. VIII, s. 102. (b) [Repealed, 2011, c. 24, s. 55] Imposé sur le revenu
au receveur général un montant ne dépassant pas 10 % de toute partie de la somme en litige à l’égard de laquelle elle juge que l’appel n’était pas raisonnablement fondé, si la cour est d’avis qu’une des principales raisons pour lesquelles une partie quelconque de l’appel a été interjetée ou poursuivie était de reporter le paiement d’un montant payable en vertu de la présente partie. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 179; 1994, ch. 7, ann. VIII, art. 102. Appels à la Cour d’appel fédérale 180 (1) Un appel à la Cour d’appel fédérale prévu au paragraphe 172(3) est introduit en déposant un avis d’appel à la cour dans les 30 jours suivant, selon le cas : a) la date à laquelle le ministre avise une personne, en application du paragraphe 165(3), de sa décision concernant l’avis d’opposition signifié aux termes du paragraphe 168(4); b) [Abrogé, 2011, ch. 24, art. 55] c) la date de mise à la poste de l’avis à l’administrateur du régime de pension agréé, en application du paragraphe 147.1(11);
c.1) l’envoi d’un avis au promoteur d’un régime enregistré d’épargne-études, en application du paragraphe 146.1(12.1);
c.2) la date de mise à la poste de l’avis à l’administrateur du régime de pension agréé collectif, prévu au paragraphe 147.5(24); d) la date d’envoi à une personne de la décision écrite du ministre de refuser la demande d’acceptation de la modification au régime de pension agréé ou au régime de pension agréé collectif, ou dans un autre délai que peut fixer ou accorder la Cour d’appel ou l’un de ses juges, avant ou après l’expiration de ce délai de 30 jours. Cas où la Cour canadienne de l’impôt et la Section de première instance de la Cour fédérale n’ont pas compétence
La Cour canadienne de l’impôt et la Cour fédérale n’ont, ni l’une ni l’autre, compétence pour connaître de toute affaire relative à une décision du ministre contre laquelle il peut être interjeté appel en vertu du présent article. Summary disposition of appeal [NOTE: Application provisions are not included in the consolidated text; see relevant amending acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 180; 1994, c. 7, Sch. II, s. 142; 1998, c. 19, s. 47; 2002, c. 8, s. 183; 2005, c. 19, s. 40; 2011, c. 24, s. 55; 2012, c. 31, s. 42.] PART I.01 Income Tax Sections 180.0.1-180.2 PART I.1 Individual Surtax
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 180.1; 1994, c. 7, Sch. II, s. 143, Sch. VIII, s. 103; c. 8, s. 28; 1999, c. 22, s. 67; 2000, c. 19, s. 52; 2001, c. 17, ss. 160, 161. PART I.2 Definitions (i) under paragraph 56(1)(q.1) or subsection 56(6), (b) deductible under paragraph 20(1)(ww) or 60(w), (y) or (z). (revenu modifié) Impôt sur le revenu
incluse dans le calcul de son revenu pour l’année en vertu de la partie VII de la Loi sur l’assurance-emploi. Dispositions applicables
Le paragraphe 150(3), les articles 150.1 à 152, 155 à 156.1 et 158 à 167 et la section J de la partie I s’appliquent à la présente partie avec les adaptations nécessaires. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2010, ch. 25, art. 46; 2011, ch. 24, art. 56.
Impôt supplémentaire (revenus des particuliers)
[NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 180.1; 1994, ch. 7, ann. II, art. 143, ann. VIII, art. 103; ch. 8, art. 28; 1999, ch. 22, art. 67; 2000, ch. 19, art. 52; 2001, ch. 17, art. 160 et 161.
Impôt sur les prestations de sécurité de la vieillesse Définitions
année de base S’entend, par rapport à un mois, de l’année d’imposition suivante : a) si le mois compte parmi les six premiers mois d’une année civile, celle qui a pris fin le 31 décembre de la deuxième année civile précédente; b) si le mois compte parmi les six derniers mois d’une année civile, celle qui a pris fin le 31 décembre de l’année civile précédente. (base taxation year) déclaration de revenu Le document suivant produit par un particulier pour une année d’imposition : a) si le particulier a résidé au Canada tout au long de l’année, sa déclaration de revenu (sauf celle produite en vertu des paragraphes 70(2) ou 104(23), de l’alinéa 128(2)e) ou du paragraphe 150(4)) produite ou à produire pour l’année en vertu de la partie I; (b) in any other case, a prescribed form containing prescribed information. (déclaration de revenu) Tax payable A(1 - B) where Withholding
Where at any time Her Majesty pays an amount described in paragraph (a) of the description of A in subsection 180.2(2) in respect of a month to an individual, there b) dans les autres cas, un formulaire prescrit contenant les renseignements prescrits. (return of income) revenu modifié En ce qui concerne un particulier pour une année d’imposition, la somme qui représenterait son revenu en vertu de la partie I pour l’année si, dans le calcul de ce revenu, aucune somme : a) n’était incluse : (i) en application de l’alinéa 56(1)a.1) ou du paragraphe 56(6), (ii) au titre d’un gain provenant d’une disposition de bien à laquelle s’applique l’article 79, (iii) au titre d’un gain visé au paragraphe 40(3.21); b) n’était déductible en application des alinéas 20(1)ww) ou 60w), y) ou z). (adjusted income) Impôt payable
Tout particulier doit payer, en vertu de la présente partie pour chaque année d’imposition, un impôt égal au résultat du calcul suivant : A(1 - B) où : A représente le moins élevé des montants suivants : a) l’excédent éventuel du total visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le total des montants représentant chacun le montant, inclus dans le calcul de son revenu pour l’année en vertu de la partie I, d’une pension, d’un supplément ou d’une allocation à l’époux ou conjoint de fait prévu par la Loi sur la sécurité de la vieillesse, (ii) le montant d’une déduction permise en vertu du sous-alinéa 60n)(i) dans le calcul du revenu du particulier en vertu de la partie I pour l’année, b) le montant correspondant à 15 % de l’excédent éventuel de son revenu modifié pour l’année sur 50 000 $; B le taux de l’impôt payable par lui en vertu de la partie XIII sur les montants visés à l’alinéa a) de l’élément A. Retenue
La somme déterminée selon le paragraphe (4) est à déduire ou à retenir, au titre de l’impôt payable par un particulier pour l’année en vertu de la présente partie, au Income Tax
(0.0125A - $665)(1 - B) where Return Impôt sur le revenu
montant visé à l’alinéa a) de l’élément A de la formule figurant au paragraphe (2) que Sa Majesté verse au particulier pour un mois. Calcul de la retenue
La somme à déduire ou à retenir du montant visé au paragraphe (3) correspond à ce qui suit : a) le moins élevé des montants suivants, si le particulier a produit une déclaration de revenu pour l’année de base se rapportant au mois au cours duquel le montant est versé : (i) l’excédent du montant sur l’impôt payable par le particulier sur ce montant en vertu de la partie XIII, (ii) le résultat du calcul suivant : (0,0125A - 665 $)(1 - B) où : A représente le revenu modifié du particulier pour l’année de base, B le taux de l’impôt payable par le particulier sur le montant en vertu de la partie XIII; b) l’excédent du montant sur l’impôt payable par le particulier sur ce montant en vertu de la partie XIII, s’il n’a pas produit de déclaration de revenu pour l’année de base se rapportant au mois et si, selon le cas : (i) le ministre l’a mis en demeure, en vertu du paragraphe 150(2), de produire la déclaration, (ii) le particulier était un non-résident pendant l’année de base; c) zéro, dans les autres cas. Déclaration
Le particulier redevable d’un impôt en vertu de la présente partie pour une année d’imposition doit : a) produire auprès du ministre, sans avis ni mise en demeure : (i) dans le cas où il réside au Canada tout au long de l’année, une déclaration pour l’année en vertu de la présente partie sous forme réglementaire et contenant les renseignements prescrits au plus tard à la date d’échéance de production qui lui est applicable pour l’année, [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 180.2; 1994, c. 7, Sch. VIII, s. 148; 2001, c. 25, s. 119; 2010, c. 25, s. 47; 2018, c. 12, s. 28.] PART I.3 Definitions 181 (1) For the purposes of this Part, (e) a registered securities dealer, (f) a mortgage investment corporation, or (g) a corporation (iii) dans les autres cas, une déclaration de revenu pour l'année au plus tard à la date d'exigibilité du solde qui lui est applicable pour l'année; b) payer son impôt payable pour l'année en vertu de la présente partie, au plus tard à la date d'exigibilité du solde qui lui est applicable pour l'année. Dispositions applicables
Le paragraphe 150(3), les articles 150.1, 151 et 152, les paragraphes 153(1.1), (1.2) et (3), les articles 155 à 156.1 et 158 à 167 ainsi que la section J de la partie I s'appliquent à la présente partie, avec les adaptations nécessaires. [NOTE: Les dispositions d'application ne sont pas incluses dans le présent codification; voir les lois et règlements modificatifs appropriés: L.R., 1985, ch. 1 (5e suppl.), art. 180.2; 1994, ch. 7, ann. VIII, art. 148; 2001, ch. 25, art. 119; 2010, ch. 25, art. 47; 2018, ch. 12, art. 28.]
Impôt des grandes sociétés Définitions 181 (1) Les définitions qui suivent s'appliquent à la présente partie. institution financière Société qui est, à un moment d'une année d'imposition, selon le cas : a) une banque ou une caisse de crédit; b) une compagnie d'assurance qui exploite une entreprise au Canada; c) une société autorisée par la législation fédérale ou provinciale à exploiter une entreprise d'offre au public de services de fiduciaire; d) une société autorisée par la législation fédérale ou provinciale à accepter des dépôts du public et qui exploite une entreprise soit de prêts d'argent garantis sur des biens immeubles ou réels, soit de placements dans des dettes garanties par des hypothèques relatives à des biens immeubles ou réels; e) un courtier en valeurs mobilières inscrit; f) une société de placement hypothécaire; g) une société dont le nom figure à l'annexe ou dont la totalité ou la presque totalité des biens sont des actions ou des dettes d'institutions financières auxquelles la société est liée. (financial institution) Prescribed expressions Determining values and amounts passif à long terme Passif constitué : a) de titres secondaires (au sens de l’article 2 de la Loi sur les banques) émis pour une durée d’au moins cinq ans, si l’émetteur est une banque; b) de titres secondaires (au sens du paragraphe 2(1) de la Loi sur les sociétés d’assurances) émis pour une durée d’au moins cinq ans, si l’émetteur est une compagnie d’assurance; c) de titres secondaires (au sens de l’article 2 de la Loi sur les banques, compte tenu des adaptations nécessaires) émis pour une durée d’au moins cinq ans, si l’émetteur est une société autre. Ne font pas partie du passif à long terme, lorsque la société est une société d’État prévue par règlement pour l’application de l’article 27, les titres émis en faveur de Sa Majesté du chef du Canada et détenus par elle. (long-term debt) réserves Montant à la fin d’une année d’imposition constitué de l’ensemble des réserves et provisions d’une société, y compris les réserves pour impôts reportés. En cas de doute, le montant inclut les provisions au titre de l’impôt différé. (reserves) Termes définis par règlement
Pour l’application de la présente partie, les termes actif canadien, actif total, établissement stable, groupe de contrats d’assurance, groupe de contrats de réassurance, marge sur services contractuels, montant au titre des contrats de réassurance détenus, obligations envers les titulaires de polices, passif de réserve canadienne, passif total de réserve, primes canadiennes, surplus attribué et total des primes s’entendent au sens du règlement. Calcul des valeurs et montants
Pour déterminer la valeur comptable d’un des éléments d’actif d’une société ou toute autre montant en vertu de la présente partie afférent au capital d’une société, à sa déduction pour placements, à son capital imposable et à son capital imposable utilisé au Canada pour une année [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 181; 1994, c. 7, Sch. II, s. 146; 1995, c. 21, s. 48; 1995, c. 21, s. 72; 2001, c. 17, s. 26; 2009, c. 34, ss. 147, 342; 2022, c. 19, s. 43.] Tax payable imposition ou afférent à une société de personnes dans laquelle une société a une participation : a) la consolidation et la méthode de comptabilisation à la valeur de consolidation ne peuvent être utilisées; b) sous réserve de l’alinéa a) et sauf disposition contraire de la présente partie, les montants à utiliser sont les suivants : (i) soit ceux qui figurent au bilan présenté aux actionnaires de la société — s’il s’agit d’une société qui n’est ni une compagnie d’assurance à laquelle le sous-alinéa (ii) s’applique, ni une banque — ou aux associés de la société de personnes, ou, si un tel bilan n’est pas dressé conformément aux principes comptables généralement reconnus ou si aucun bilan n’est dressé, ceux qui y figureraient si un tel bilan était dressé conformément à ces principes, (ii) soit ceux qui figurent au bilan accepté par le surintendant des institutions financières, s’il s’agit d’une banque ou d’une compagnie d’assurance tenue par la loi de faire rapport au surintendant, ou par le surintendant des assurances ou un autre fonctionnaire ou une autre autorité semblable de la province sous le régime des lois de laquelle la société est constituée, s’il s’agit d’une compagnie d’assurance tenue par la loi de faire rapport à cet agent ou à cette autorité.
Sauf intention contraire évidente, aucunes des dispositions de la présente partie n’a pour effet d’exiger l’inclusion ou de permettre la déduction d’une somme dans le calcul du capital d’une société, de sa déduction pour capital, de son capital imposable ou de son capital imposable utilisé au Canada pour une année d’imposition, dans la mesure où cette somme est incluse ou déduite, selon le cas, dans le calcul de ces montants en vertu, en conformité et en application de toute autre disposition de la présente partie. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent texte codifié; voir lois et règlements modificatifs appropriés : L.R. (1985), ch. 1 (5e suppl.), art. 181; 1994, ch. 7, ann. II, art. 146; 1995, ch. 21, art. 48; 1995, ch. 21, art. 72; 2001, ch. 17, art. 26; 2009, ch. 34, art. 147 et 342; 2022, ch. 19, art. 43.] Impôt payable
(d) and (e) [Repealed, 2006, c. 4, s. 82] Exceptions Income Tax
Deduction exceeds Idem
For the purposes of this subsection and subsections 181.1(4), 181.1(6) and 181.1(7), Impôt sur le revenu
e) est, tout au long de l’année, une compagnie d’assurance-dépôts, au sens du paragraphe 137.1(5), ou une filiale réputée être, en application du paragraphe 137.1(5.1), une compagnie d’assurance-dépôts; f) est, tout au long de l’année, une société visée au paragraphe 136(2) dont l’entreprise principale est axée sur la commercialisation, y compris le traitement accessoire ou rattaché à la commercialisation, de produits naturels acquis auprès de ses membres ou de ses clients, ou leur appartenant. Déduction
Est déductible de l’impôt payable par ailleurs par une société en vertu de la présente partie pour une année d’imposition, le total des montants suivants : a) la surtaxe canadienne payable par la société pour l’année; b) la partie, demandée en déduction par la société, des crédits de surtaxe inutilisés des sept années d’imposition précédentes et les trois années d’imposition suivantes. Ce total est déductible dans la mesure où il ne dépasse pas l’excédent éventuel du montant visé à l’alinéa c) sur le total visé à l’alinéa d) : c) le montant qui, n’eût été le présent paragraphe, correspondrait à l’impôt payable par la société pour l’année en vertu de la présente partie; d) le total des montants représentant chacun le montant déduit en application du paragraphe 125.3(1) dans le calcul de l’impôt payable par la société en vertu de la partie I pour une année d’imposition se terminant avant 1992, au titre du crédit d’impôt inutilisé de la partie I.3 (au sens de l’article 125.3) pour l’année. Idem
Pour l’application du présent paragraphe et des paragraphes (4), (6) et (7) : a) nul montant n’est déductible en application du paragraphe (4) dans le calcul de l’impôt payable par une société en vertu de la présente partie pour une année d’imposition donnée au titre d’un crédit de surtaxe inutilisé pour une autre année d’imposition tant que ne sont pas déduits les crédits de surtaxe inutilisés pour les années d’imposition antérieures à cette autre Definitions
For the purposes of this subsection and subsections 181.1(4), 181.1(5) and 181.1(7), exceeds au total de ses impôts payables pour l’année en vertu des parties I.3 et VI. (unused surtax credit) surtaxe canadienne payable s’entend au sens du paragraphe 125.3(4). (Canadian surtax payable) Acquisition de contrôle
En cas d’acquisition du contrôle d’une société par une personne ou un groupe de personnes, aucun montant au titre de son crédit de surtaxe inutilisé de la société pour une année d’imposition se terminant avant le moment de l’acquisition n’est déductible par la société pour une année d’imposition se terminant après ce moment et aucun montant au titre de son crédit de surtaxe inutilisé pour une année d’imposition se terminant après ce moment n’est déductible par la société pour une année d’imposition se terminant avant ce moment. Toutefois : (a) le crédit de surtaxe inutilisé de la société pour une année d’imposition qui s’est terminée avant le moment de l’acquisition est déductible par la société pour une année d’imposition qui se termine après ce moment (appelée « année subséquente » au présent alinéa), jusqu’à concurrence du produit de sa surtaxe canadienne payable pour l’année donnée par le rapport entre : (i) d’une part, l’excédent éventuel du total visé à la division (A) sur le total visé à la division (B) : (A) le total des montants représentant chacun : (I) son revenu en vertu de la partie I pour l’année donnée provenant d’une entreprise qu’elle exploitait à profit ou dans une attente raisonnable de profit tout au long de l’année subséquente, (II) dans les cas où des biens sont vendus, loués ou mis en valeur ou des services, rendus dans le cadre de l’exploitation de l’entreprise visée à la subdivision (I) avant le moment de l’acquisition, son revenu en vertu de la partie I pour l’année donnée provenant d’une autre entreprise dont la totalité ou la presque totalité du revenu provient de la vente, de la location ou de la mise en valeur de biens semblables ou de la prestation de services semblables, in respect of any business referred to in clause 181.1(7)(a)(i)(A) (ii) the amount determined under subparagraph 181.1(7)(a)(i), and exceeds (B) le total des montants représentant chacun un montant déduit en application des alinéas 111(1)a) ou d) dans le calcul de son revenu imposable pour l’année donnée au titre d’une perte autre qu’une perte en capital ou d’une perte agricole pour une année d’imposition relativement à une entreprise visée à la division (A), (ii) d’autre part, le plus élevé des montants suivants : (A) l’excédent déterminé selon le sous-alinéa (i), (B) le revenu imposable de la société pour l’année donnée; b) le crédit de surtaxe inutilisé de la société pour une année d’imposition donnée qui se termine après le moment de l’acquisition est déductible par la société pour une année d’imposition qui s’est terminée avant ce moment (appelée « année précédente » au présent alinéa), jusqu’à concurrence du produit de sa surtaxe canadienne payable pour l’année donnée par le rapport entre : (i) d’une part, l’excédent éventuel du total visé à la division (A) sur le total visé à la division (B), (A) le total des montants représentant chacun : (I) son revenu en vertu de la partie I pour l’année donnée provenant d’une entreprise qu’elle exploitait à profit ou dans une attente raisonnable de profit au cours de l’année précédente et tout au long de l’année donnée, (II) dans le cas où des biens sont vendus, loués ou mis en valeur ou des services, rendus dans le cadre de l’exploitation de l’entreprise visée à la subdivision (I) avant le moment de l’acquisition, son revenu en vertu de la partie I pour l’année donnée provenant d’une autre entreprise dont la totalité ou la presque totalité du revenu provient de la vente, de la location ou de la mise en valeur de biens semblables ou de la prestation de services semblables, (B) le total des montants représentant chacun un montant déduit en application des alinéas 111(1)a) ou d) dans le calcul de son revenu imposable pour l’année donnée au titre d’une perte autre qu’une perte en capital ou d’une perte agricole pour une année d’imposition relativement à une entreprise visée à la division (A), [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 181.1, 1994, c. 7, Sch. II, s. 146, Sch. III, s. 10; c. 21, s. 42; 1996, c. 21, s. 47; 1998, c. 19, s. 194; 2003, c. 15, s. 85; 2006, c. 4, s. 82; 2017, c. 33, s. 63.] Taxable capital Capital (d) the amount of all indebtedness of the corporation at the end of the year represented by bonds, debentures, notes, mortgages, hypothecary claims, banker’s acceptances or similar obligations, (ii) d’autre part, le plus élevé des montants suivants : (A) l’excédent déterminé selon le sous-alinéa (i), (B) le revenu imposable de la société pour l’année donnée. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et les règlements modificatifs appropriés : L.R. (1985), ch. 1 (5e suppl.), art. 181.1; 1994, ch. 7, ann. II, art. 146, ann. III, art. 10; ch. 21, art. 42; 1996, ch. 21, art. 47; 1998, ch. 19, art. 194; 2003, ch. 15, art. 85; 2006, ch. 4, art. 82; 2017, ch. 33, art. 63.] Capital imposable utilisé au Canada
Capital imposable
Le capital imposable d’une société, sauf une institution financière, pour une année d’imposition est égal à l’excédent éventuel de son capital pour l’année sur sa déduction pour placements pour l’année. Capital
Le capital d’une société, sauf une institution financière, pour une année d’imposition correspond à l’excédent éventuel du total des éléments suivants : a) le capital-actions de la société (ou, si elle est constituée sans capital-actions, l’apport de ses membres), ses bénéfices non répartis, son surplus d’apport et tout autre surplus à la fin de l’année; b) ses réserves pour l’année, sauf dans la mesure où elles sont déduites dans le calcul de son revenu pour l’année en vertu de la partie I; b.1) ses gains sur change non réalisés reportés à la fin de l’année; c) les prêts et les avances qui lui ont été consentis à la fin de l’année; d) ses dettes à la fin de l’année sous forme d’obligations, de créances hypothécaires, d’effets, d’acceptations bancaires ou de titres semblables; e) les dividendes qu’elle a déclarés mais n’a pas versés avant la fin de l’année; f) toutes ses autres dettes, sauf celles afférentes à un bail, à la fin de l’année qui sont impayées depuis plus de 365 jours avant la fin de l’année; (A – B) × C/D where g) le total des sommes dont chacune représente la somme éventuelle, relative à une société de personnes dans laquelle la société détenait une participation à la fin de l’année, directement ou par l’intermédiaire d’une autre société de personnes, obtenue par la formule suivante : (A – B) × C/D où : A représente le total des sommes qui seraient déterminées selon les alinéas b) à d) et f) relativement à la société de personnes pour son dernier exercice se terminant au plus tard à la fin de l’année si, à la fois : a) ces alinéas s’appliquaient aux sociétés de personnes de la même manière qu’ils s’appliquent aux sociétés, b) ces sommes étaient calculées compte non tenu de sommes dues par la société de personnes : (i) soit à une société qui détenait une participation dans la société de personnes directement ou par l’intermédiaire d’une autre société de personnes, (ii) soit à une société de personnes dans laquelle la société visée au sous-alinéa (i) détenait une participation directement ou par l’intermédiaire d’une autre société de personnes, B les pertes sur change non réalisées reportées de la société de personnes à la fin de l’exercice, C la part du revenu ou de la perte de la société de personnes pour l’exercice à laquelle la société a droit directement ou par l’intermédiaire d’une autre société de personnes, D le revenu ou la perte de la société de personnes pour l’exercice, sur le total des montants suivants : h) le solde de son report débiteur d’impôt à la fin de l’année; i) tout déficit déduit dans le calcul de l’avoir des actionnaires (y compris, à cette fin, toute provision pour le rachat d’actions privilégiées) à la fin de l’année; j) tout montant déduit en application du paragraphe 135(1) dans le calcul de son revenu pour l’année en vertu de la partie I, dans la mesure où il est raisonnable de considérer les déductions comme incluses dans l’un des montants calculés en application des alinéas a) à g) relativement à la société pour l’année; Investment allowance (d) long-term debt of a financial institution, k) ses pertes sur change non réalisées reportées à la fin de l’année. Déduction pour placements
La déduction pour placements d’une société, sauf une institution financière, pour une année d’imposition correspond au total des montants dont chacun représente la valeur comptable à la fin de l’année d’un élément d’actif de la société qui est, selon le cas : a) une action d’une autre société; b) un prêt ou une avance consenti à une autre société, sauf une institution financière; c) une obligation, un effet, une créance hypothécaire ou un titre semblable d’une autre société, sauf une institution financière; d) une dette du passif à long terme d’une institution financière;
d.1) un prêt ou une avance consenti à une société de personnes ou une obligation, un effet, une créance hypothécaire ou un titre semblable d’une telle société de personnes : (i) une autre société, sauf une institution financière, qui n’était pas exonérée de l’impôt prévu par la présente partie, autrement qu’en vertu de l’alinéa 181.1(3)d), (ii) une autre société de personnes visée au présent alinéa; e) une participation dans une société de personnes; f) un dividende payable à la société à la fin de l’année sur une action du capital-actions d’une autre société. En sont exclues les actions du capital-actions et les dettes d’une société exonérée de l’impôt en application de la présente partie, autrement qu’en vertu de l’alinéa 181.1(3)d), ainsi que les dividendes payables par une telle société. Valeur d’une participation dans une société de personnes
Pour l’application du paragraphe (4) et du présent paragraphe, la valeur comptable à la fin d’une année d’imposition de la participation d’une société ou d’une société de personnes (chacune étant appelée « associée » au présent paragraphe) dans une société de personnes Loan (d) the amount of the loan from the trust to the other corporation, and exceeds [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 181.2; 1994, c. 7, Sch. II, s. 147; S.C. 1996, c. 10, s. 185; S.C. 1996, c. 21, s. 27; c. 221; 2013, c. 34, s. 325. donnée est réputée correspondre à la proportion déterminée qui revient à l’associé, pour le dernier exercice de la société de personnes donnée se terminant au plus tard à la fin de l’année, du montant qui représenterait la déduction pour placements de la société de personnes donnée à la fin de cet exercice si elle était une société. Prêt
Pour l’application du paragraphe (4), lorsqu’une société consent un prêt à une fiducie qui n’a ni consenti de prêts ou des avances à une personne qui n’est pas liée à la société ou contracté des prêts ou des avances auprès d’une telle personne, ni acquis auprès d’une telle personne, ou émis en faveur d’une telle personne, une obligation, billet, créance hypothécaire ou obligation semblable, et que le prêt fait partie d’une série d’opérations au terme de laquelle la fiducie consent un prêt à une autre société, sauf une institution financière, à laquelle la société est liée, le moins élevé des montants suivants, à un moment donné, est réputé représenter le montant d’un prêt que la société a consenti à l’autre société à ce moment : a) le montant du prêt que la société a consenti à la fiducie; b) le montant du prêt que la fiducie a consenti à l’autre société; c) l’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le total des montants représentant chacun le montant d’un prêt que la fiducie a consenti à une société quelconque, (ii) le total des montants représentant chacun le montant d’un prêt (sauf le prêt visé à l’alinéa a)) qu’une société quelconque a consenti à la fiducie. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 181.2; 1994, ch. 7, ann. VII, art. 147; L.C. 1996, ch. 10, art. 185; 1996, ch. 21, art. 27; 2013, ch. 34, art. 325. Capital imposable utilisé au Canada d’une institution financière
a) le total des montants représentant chacun la valeur comptable à la fin de l’année d’un élément d’actif de l’institution financière (sauf un bien que l’institution détient principalement pour la revente et qu’elle a acquis, au cours de l’année ou de l’année d’imposition that and exceeds précédente, du fait qu’une autre personne a manqué à ses engagements résultant d’une dette due à l’institution, ou y manquera vraisemblablement) qui est un bien tangible ou, pour l’application du droit civil, un bien corporel utilisé au Canada et, dans le cas d’une institution financière qui est une compagnie d’assurance, qui est un bien non réservé, au sens du paragraphe 138(12); b) le total des montants dont chacun représente un montant à l’égard d’une société de personnes dans laquelle l’institution financière a une participation à la fin de l’année, égal au produit de la multiplication : (i) du total des montants dont chacun représente la valeur comptable d’un élément d’actif de la société de personnes, à la fin de son dernier exercice se terminant au plus tard à la fin de l’année, qui est un bien tangible ou, pour l’application du droit civil, un bien corporel utilisé au Canada, par le rapport entre : (ii) d’une part, la part de l’institution financière sur le revenu ou la perte de la société de personnes pour cet exercice, (iii) d’autre part, le revenu ou la perte de la société de personnes pour cet exercice; c) l’un des montants suivants : (i) dans le cas d’une institution financière autre qu’une compagnie d’assurance, le produit de la multiplication de son capital imposable pour l’année par le rapport entre son actif canadien à la fin de l’année et son actif total à la fin de l’année, (ii) dans le cas d’une compagnie d’assurance qui a résidé au Canada à un moment de l’année et qui a exploité une entreprise d’assurance-vie à un moment de l’année, le total des montants suivants : (A) le produit de la multiplication de l’excédent éventuel du total des montants suivants : (I) son capital imposable pour l’année, (II) le montant prescrit à son égard pour l’année, sur : (III) le montant prescrit à son égard pour l’année, (B) [Repealed, 2009, c. 2, s. 61] par le rapport entre son passif de réserve canadienne à la fin de l’année et le total des montants suivants : (IV) son passif total de réserve à la fin de l’année, (V) le montant prescrit à son égard pour l’année, (B) [Abrogé, 2009, ch. 2, art. 61] (iii) dans le cas d’une compagnie d’assurance qui a résidé au Canada à un moment de l’année et qui tout au long de l’année n’a pas exploité d’entreprise d’assurance-vie, le produit de la multiplication de son capital imposable pour l’année par le rapport entre le total de ses primes canadiennes pour l’année et son total des primes pour l’année, (iv) dans le cas d’une compagnie d’assurance qui tout au long de l’année n’a pas résidé au Canada mais qui y a exploité une entreprise d’assurance à un moment de l’année, son capital imposable pour l’année. Capital imposable d’une institution financière
Le capital imposable d’une institution financière pour une année d’imposition correspond à l’excédent éventuel de son capital pour l’année sur sa déduction pour placements pour l’année. Capital d’une institution financière
Le capital d’une institution financière pour une année d’imposition correspond à l’un des montants suivants : a) dans le cas d’une institution financière, sauf une banque étrangère autorisée ou une compagnie d’assurance, l’excédent éventuel du total des éléments suivants à la fin de l’année : (i) les dettes de son passif à long terme, (ii) son capital-actions (ou, si elle est constituée sans capital-actions, l’apport de ses membres), ses bénéfices non répartis, son surplus d’apport et tout autre surplus, (iii) ses réserves pour l’année, sauf dans la mesure où elles sont déduites dans le calcul de son revenu pour l’année selon la partie I, sur le total des montants suivants : A + B + (0.9 × C) – (0.9 × D) – E where (ii) retained earnings, (iv) policyholders’ liabilities, (vi) any other surpluses, (iv) le solde de son report débiteur d’impôt à la fin de l’année, (v) tout déficit déduit dans le calcul de l’avoir des actionnaires (y compris, à cette fin, toute provision pour le rachat d’actions privilégiées) à la fin de l’année, (vi) tout montant déduit en application des paragraphes 130.1(1) ou 137(2) dans le calcul de son revenu pour l’année en vertu de la partie I, dans la mesure où il est raisonnable de considérer les déductions comme incluses dans l’un des montants calculés en application des sous-alinéas (i), (ii) ou (iii) relativement à l’institution financière pour l’année; b) dans le cas d’une compagnie d’assurance qui a résidé au Canada à un moment de l’année et qui a exploité une entreprise d’assurance-vie à un moment de l’année, le somme obtenue par la formule suivante : A + B + (0,9 × C) – (0,9 × D) – E où : A représente les dettes de son passif à long terme à la fin de l’année, B le total des éléments ci-après à la fin de l’année : (i) son capital-actions (ou, si elle est constituée sans capital-actions, l’apport de ses membres), (ii) ses bénéfices non répartis, (iii) son cumul des autres éléments du résultat global, (iv) ses obligations envers les titulaires de polices, (v) son surplus d’apport, (vi) tout autre surplus, C le total des sommes représentant chacune la marge sur services contractuels pour un groupe de contrats d’assurance de la compagnie à la fin de l’année, sauf un groupe de polices à fonds réservé, D le total des sommes représentant chacune le montant relatif à un groupe de contrats de réassurance détenus par la compagnie à la fin de l’année qui : (i) si aucune partie de la marge sur services contractuels pour le groupe n’est à l’égard d’un risque dans le cadre d’une police à fonds réservé, est la marge sur services contractuels pour le groupe, (ii) dans les autres cas, représente le montant qui serait la marge sur services contractuels A + B + (0.9 × C) − (0.9 × D) + E − F − G where (ii) retained earnings, (iv) policyholders’ liabilities, (vi) any other surpluses, (i) the contractual service margin for the group, if no portion of the contractual service pour le groupe si celle-ci était déterminée à l’exclusion de toute partie de la marge sur services contractuels relative à la réassurance des risques en vertu des polices à fonds réservé, E le déficit déduit dans le calcul de l’avoir des actionnaires (y compris, à cette fin, toute provision pour le rachat d’actions privilégiées) à la fin de l’année; c) dans le cas d’une compagnie d’assurance qui a résidé au Canada à un moment de l’année et qui tout au long de l’année n’a pas exploité une entreprise d’assurance-vie, la somme obtenue par la formule suivante : A + B + (0,9 × C) − (0,9 × D) + E − F − G où : A représente les dettes de son passif à long terme à la fin de l’année, B le total des éléments ci-après à la fin de l’année : (i) son capital-actions (ou, si elle est constituée sans capital-actions, l’apport de ses membres), (ii) ses bénéfices non répartis, (iii) son cumul des autres éléments du résultat global, (iv) ses obligations envers les titulaires de polices, (v) son surplus d’apport, (vi) tout autre surplus, C le total des montants représentant chacun la marge sur services contractuels pour un groupe de contrats d’assurance de la compagnie à la fin de l’année relative, selon le cas : (i) aux polices d’assurance contre les accidents et la maladie non résiliable ou à renouvellement garanti relativement à une assurance accidents et maladie (au sens du paragraphe 1408(1) du Règlement de l’impôt sur le revenu), (ii) à l’assurance hypothécaire (au sens du paragraphe 1408(1) du Règlement de l’impôt sur le revenu), (iii) à l’assurance de titres (au sens du paragraphe 1408(1) du Règlement de l’impôt sur le revenu), D le total des montants représentant chacun la marge sur services contractuels pour un groupe de contrats de réassurance détenus par la compagnie à la fin de l’année qui : (ii) est la marge sur services contractuels pour le groupe, si aucune partie de la marge sur services contractuels n’est à l’égard d’un risque dans le cadre d’une police d’assurance autre qu’une police d’assurance qui est relative aux éléments suivants : (A) soit les polices d’assurance contre les accidents et la maladie non résiliables ou à renouvellement garanti relativement à une assurance accidents et maladie (au sens du paragraphe 1408(1) du Règlement de l’impôt sur le revenu), (B) soit l’assurance hypothécaire (au sens du paragraphe 1408(1) du Règlement de l’impôt sur le revenu), (C) soit l’assurance titres (au sens du paragraphe 1408(1) du Règlement de l’impôt sur le revenu), (ii) dans les autres cas, le montant qui serait la marge sur services contractuels pour le groupe si celle-ci était déterminée à l’exclusion de toute partie relative à la réassurance des risques en vertu des polices, sauf celles visées à l’une des divisions (i)(A) à (C), E le montant de ses réserves pour l’année, sauf dans la mesure où : (i) soit elles ont été déduites dans le calcul de son revenu en vertu de la partie I pour l’année, (ii) soit elles sont des réserves relatives à la marge sur services contractuels pour un groupe de contrats d’assurance de la compagnie à la fin de l’année, F le total des montants représentant chacun le montant au titre des contrats de réassurance détenus pour un groupe de contrats de réassurance détenus par la compagnie à la fin de l’année, dans la mesure où il est raisonnable de considérer que le montant est inclus dans le montant déterminé selon l’élément E, G le déficit déduit dans le calcul de l’avoir des actionnaires (y compris, à cette fin, toute provision pour le rachat d’actions privilégiées) à la fin de l’année; d) dans le cas d’une compagnie d’assurance qui tout au long de l’année n’a pas résidé au Canada mais qui a exploité une entreprise d’assurance à un moment de l’année, le total des montants suivants à la fin de l’année : (i) le plus élevé des montants suivants : (A) l’excédent éventuel : (I) de son fonds excédentaire résultant de l’activité, au sens du paragraphe 138(12), à la fin de l’année, déterminé comme si aucun impôt n’était payable en vertu de la présente partie ou de la partie VI pour l’année, sur le total des montants représentant chacun : (II) un montant sur lequel elle était tenue de payer un impôt en vertu de la partie XIV pour une année d’imposition antérieure, ou aurait été ainsi tenue n’eût été le paragraphe 219(5.2), à l’exception de la partie du montant sur lequel un impôt était ou aurait été payable par l’effet du sous-alinéa 219(4)(a)(i.1), (III) un montant sur lequel elle était tenue de payer un impôt en vertu du paragraphe 219(5.1) pour l’année, ou aurait été ainsi tenue n’eût été le paragraphe 219(5.2), en raison du transfert d’une entreprise d’assurance à laquelle s’appliquent les paragraphes 138(11.5) ou (11.92), (B) son surplus attribué pour l’année, (ii) tout autre surplus lié à ses entreprises d’assurance exploitées au Canada, (iii) la partie des dettes de son passif à long terme qu’il est raisonnable de considérer comme liée à ses entreprises d’assurance exploitées au Canada, (iv) l’excédent éventuel : (A) de ses réserves pour l’année, sauf les réserves pour des montants payables sur des fonds réservés, qu’il est raisonnable de considérer comme établies relativement à ses entreprises d’assurance exploitées au Canada, sur le total des montants suivants : (B) le total des montants dont chacun représente une réserve, sauf une provision visée au sous-alinéa 138(3)(a)(i), dans la mesure où elle est incluse dans le montant déterminé selon la division (A) et est déduite dans le calcul de son revenu pour l’année selon la partie I, (C) le total des montants dont chacun représente une provision visée au sous-alinéa 138(3)(a)(i), dans la mesure où elle est incluse dans le montant déterminé selon la division (A) et est déductible en application de ce sous-alinéa Income Tax
(D) [Repealed, 2022, c. 19, s. 44] (E) [Repealed, 2022, c. 19, s. 44] --- Impôt sur le revenu
(D) [Abrogé, 2022, ch. 19, art. 44] (E) [Abrogé, 2022, ch. 19, art. 44] (F) le total des montants représentant chacun le montant au titre des contrats de réassurance détenus pour un groupe de contrats de réassurance détenus par la compagnie à la fin de l’année, dans la mesure où il est raisonnable de considérer que le montant est inclus dans le montant déterminé selon la division (A); e) dans le cas d’une banque étrangère autorisée, la somme des montants suivants : (i) 10 % du total des montants représentant chacun le montant pondéré en fonction des risques, à la fin de l’année, d’un élément d’actif figurant au bilan ou d’un engagement hors bilan de la banque relativement à son entreprise bancaire canadienne, qu’elle serait tenue de déclarer aux termes des lignes directrices de BSIF sur la pondération des risques si celles-ci s’appliquaient et exigeaient un rapport à ce moment, (ii) le total des montants représentant chacun un montant, à la fin de l’année, se rapportant à l’entreprise bancaire canadienne de la banque (sauf un montant relatif à une protection contre les pertes qui doit être déduit des fonds propres en vertu de la ligne directrice du surintendant des institutions financières sur la titrisation de l’actif, applicable à ce moment), qui, si la banque figurait à l’annexe II de la Loi sur les banques, serait à déduire, en application de la ligne directrice sur les fonds propres à risque établie par le surintendant et applicable à ce moment, des fonds propres de la banque en vue du calcul du montant de ceux-ci qui peut servir à satisfaire l’exigence du surintendant selon laquelle les fonds propres doivent correspondre à une proportion donnée des actifs et engagements pondérés en fonction des risques. Déduction pour placements d’une institution financière
La déduction pour placements, pour une année d’imposition, d’une société qui est une institution financière correspond au montant applicable suivant : a) dans le cas d’une société qui a résidé au Canada à un moment de l’année, le total des montants représentant chacun la valeur comptable à la fin de l’année d’un de ses placements admissibles; (d) in any other case, nil. Interpretation
For the purpose of subsection (4), [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 181.3; 1994, c. 7, Sch. II, s. 168; Sch. VII, s. 107, c. 21, s. 83; 1996, c. 9, s. 15; 2001, c. 17, s. 163; 2009, c. 2, s. 61; 2013, c. 34, s. 148; 2022, c. 19, s. 44. b) dans le cas d’une compagnie d’assurance qui a été un non-résident tout au long de l’année, le total des montants représentant chacun la valeur comptable à la fin de l’année d’un de ses placements admissibles qu’elle a utilisé ou détenu au cours de l’année dans le cadre de l’exploitation d’une entreprise d’assurance au Canada; c) dans le cas d’une banque étrangère autorisée, le total des montants représentant chacun le montant à la fin de l’année, avant l’application du facteur de pondération des risques, qu’elle serait tenue de déclarer aux termes des lignes directrices du BSIF sur la pondération des risques si celles-ci s’appliquaient et exigeaient pareille déclaration à ce moment, d’un placement admissible qu’elle a utilisé ou détenu au cours de l’année dans le cadre de l’exploitation de son entreprise bancaire canadienne; d) dans les autres cas, zéro. Interprétation
Les règles suivantes s’appliquent dans le cadre du paragraphe (4): a) un placement admissible d’une société est une action du capital-actions ou une dette du passif à long terme et, (si, et seulement si cette société est une compagnie d’assurance, un bien non réservé au sens du paragraphe 138(12)) d’une institution financière qui, à la fin de l’année, répond aux conditions suivantes : (i) elle est liée à la société, (ii) elle n’est pas exonérée d’impôt en vertu de la présente partie, (iii) elle réside au Canada ou il est raisonnable de considérer qu’elle utilise le produit de l’action ou de la dette dans le cadre d’une entreprise qu’elle exploite par l’entremise d’un établissement stable, au sens du Règlement de l’impôt sur le revenu, au Canada; b) une caisse de crédit et une autre caisse de crédit dont la première est actionnaire ou membre sont réputées liées l’une à l’autre. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R., 1985, ch. 1 (5e suppl.), art. 181.3; 1994, ch. 7, ann. II, art. 168; ann. VII, art. 107; 1996, ch. 9, art. 15; 2001, ch. 17, art. 163; 2009, ch. 2, art. 61; 2013, ch. 34, art. 148; 2022, ch. 19, art. 44. Capital deduction Capital imposable utilisé au Canada d’un non-résident
a) du total des montants dont chacun représente la valeur comptable à la fin de l’année d’un élément d’actif de la société ou détenu par elle pendant l’année dans le cadre de l’exploitation d’une entreprise au cours de l’année par l’entremise d’un établissement stable au Canada, sur le total des montants suivants : b) les dettes de la société à la fin de l’année, à l’exception de celles visées à l’un des alinéas 181.2(3)c) à f) qu’il est raisonnable de considérer comme liées à une entreprise qu’elle exploite au cours de l’année par l’entremise d’un établissement stable au Canada; c) le total des montants dont chacun représente la valeur comptable à la fin de l’année d’un élément d’actif visé au paragraphe 181.2(4) de la société et utilisé ou détenu par elle pendant l’année dans le cadre de l’exploitation d’une entreprise au cours de cette année par l’entremise d’un établissement stable au Canada; d) le total des montants dont chacun représente la valeur comptable à la fin de l’année d’un élément d’actif de la société qui : (i) d’une part, est un navire ou un aéronef exploité en transport international par la société ou un bien meuble ou personnel utilisé dans son entreprise de transport de passagers ou de marchandises par navire ou aéronef en transport international, (ii) d’autre part, était utilisé ou détenu pendant l’année par la société dans le cadre de l’exploitation d’une entreprise au cours de cette année par l’entremise d’un établissement stable au Canada, dans le cas où la société réside dans un pays qui n’impose, pour cette année, ni le capital provenant des biens semblables d’une société qui réside au Canada au cours de cette année, ni le revenu de l’une d’elles tiré de l’exploitation en transport international d’un navire ou d’un aéronef. Abattement de capital
Income Tax
Exceptions Idem Exceptions Impôt sur le revenu
d’imposition correspond à 50 000 000 $, sauf si la société est liée à une autre société à un moment de l’année, auquel cas, sous réserve du paragraphe (4), son abattement de capital pour l’année est nul. Exceptions (1.1) Pour l’application du paragraphe 125(5.1), de la définition de crédit de surtaxe inutilisé aux paragraphes 181.1(6) et 190.1(5) et du paragraphe 225.1(8), l’impôt relatif à une société en vertu du paragraphe 181.1(1) pour une année d’imposition est déterminé comme si la mention « 50 000 000 $ » au paragraphe (1) valait mention de « 10 000 000 $ ». Sociétés liées
Sous réserve du paragraphe (4.1), la société donnée qui est liée à une autre société à un moment de son année d’imposition se terminant au cours d’une année civile peut présenter au ministre, sur le formulaire prescrit, un accord, au nom du groupe lié dont elle est membre, qui prévoit la répartition d’un montant ne dépassant pas 50 000 000 $ entre les sociétés membres du groupe lié pour chaque année d’imposition de chacune de ces sociétés se terminant dans l’année civile et à un moment où la société est membre de ce groupe. Répartition par le ministre
Sous réserve du paragraphe (4.1), le ministre peut demander à la société qui est liée à une autre société à la fin d’une année d’imposition de lui présenter l’accord visé au paragraphe (2). Si la société ne présente pas cet accord dans les 30 jours suivant la réception de la demande, le ministre peut répartir un montant qui ne dépasse pas 50 000 000 $ entre les membres du groupe lié dont la société est membre pour l’année. Idem
Le montant le moins élevé qui est attribué pour une année d’imposition à un membre d’un groupe lié selon l’accord visé au paragraphe (2) ou par le ministre conformément au paragraphe (3) représente l’abattement de capital de ce membre pour cette année. Exceptions (4.1) Pour l’application du paragraphe 125(5.1), de la définition de crédit de surtaxe inutilisé aux paragraphes 181.1(6) et 190.1(5) et du paragraphe 225.1(8), les paragraphes (2) à (4) sont réputés libellés comme si le montant déterminé selon les paragraphes (2) ou (3), selon le cas, relativement à la société pour l’année d’imposition correspondait au produit de 10 000 000 $ par le Idem Idem (b) a right referred to in paragraph 251(5)(b), [NOTE: Application is retroactive and not included in the consolidated text: see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 181.5; 1986, c. 7, Sch. II, s. 15; 1989, c. 15, s. 198; 2003, c. 15, s. 86. Return rapport entre le montant déterminé par ailleurs relativement à la société pour l’année en vertu de ce paragraphe et 50 000 000 $. Idem
Lorsque plus d’une année d’imposition d’une société donnée se termine au cours de la même année civile et que la société est liée, au cours d’au moins deux de ces années, à une autre société dont une des années d’imposition se termine au cours de cette année civile, l’abattement de capital de la société donnée pour chacune de ces années d’imposition à la fin desquelles elle est liée à l’autre société correspond à son abattement de capital pour la première de ces années. Idem
Pour l’application du présent article et du paragraphe 181.3(4), sont réputées ne pas être liées entre elles deux sociétés qui, compte non tenu du présent paragraphe, seraient liées du seul fait, selon le cas : a) que Sa Majesté du chef du Canada ou d’une province contrôle une société; b) qu’il existe un droit visé à l’alinéa 251(5)b). Toutefois, dans le cas où, à un moment donné, un contribuable a un droit visé à l’alinéa 251(5)b) relatif à des actions et qu’il est raisonnable de considérer que l’un des principaux motifs de l’acquisition de ce droit consiste à éviter une restriction au montant de l’abattement de capital d’une société pour une année d’imposition, pour déterminer si une société est liée à une autre société, les sociétés sont réputées, pour l’application du présent article, être dans la même position l’une par rapport à l’autre que si le droit était immédiat et absolu et que si le contribuable l’avait exercé à ce moment. Sociétés liées mais non associées
Pour l’application du paragraphe 181.3(4) et du présent article, une société privée sous contrôle canadien et une autre société à laquelle elle serait liée à un moment donné sans le présent paragraphe sont réputées ne pas être liées à ce moment si elles ne sont pas associées entre elles à ce moment. [NOTE : Les dispositions d’application rétroactive ne sont pas incluses dans la présente codification.] L.R. (1985), ch. 1 (5e suppl.), art. 181.5; 1986, ch. 7, ann. II, art. 15; 1989, ch. 15, art. 198; 2003, ch. 15, art. 86. Déclaration
[NOTE: Application provisions are not included in the consolidated text: see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 181.6; 1994, c. 7, Sch. VIII, s. 108. Provisions applicable to Part [NOTE: Application provisions are not included in the consolidated text: see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 181.7; 1994, c. 7, Sch. II, s. 15, Sch. VIII, s. 109. Provision applicable — Crown corporations
[NOTE: Application provisions are not included in the consolidated text: see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 181.8; 1994, c. 7, Sch. VIII, s. 109(1). PART II [Repealed, 2017, c. 20, s. 27] 182 [Repealed, 2017, c. 20, s. 27] [NOTE: Application provisions are not included in the consolidated text: see relevant amending Acts and regulations; 1994, c. 22, s. 16; 2000, c. 30, s. 174; 2017, c. 20, s. 27. 183 [Repealed, 2017, c. 20, s. 27] [NOTE: Application provisions are not included in the consolidated text: see relevant amending Acts and regulations; 1994, c. 22, s. 16; 2000, c. 30, s. 174; 2017, c. 20, s. 27.
[NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; L.R. (1985), ch. 1 (5e suppl.), art. 181.6; 1994, ch. 7, ann. VIII, art. 108. Dispositions applicables
« a) déduction, en vertu de l’article 181.1(4), au titre d’un crédit de surtaxe inutilisé, au sens du paragraphe 181.1(6), pour une année d’imposition ultérieure; ». [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; L.R. (1985), ch. 1 (5e suppl.), art. 181.7; 1994, ch. 7, ann. II, art. 15, ann. VIII, art. 109. Disposition applicable aux sociétés d’État
[NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; 1998, ch. 19, art. 199.
[NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; L.R. (1985), ch. 1 (5e suppl.), art. 181.8; 1994, ch. 7, ann. VIII, art. 109(1).
[Abrogée, 2017, ch. 20, art. 27] 182 [Abrogé, 2017, ch. 20, art. 27] [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; 1994, ch. 22, art. 16; 2000, ch. 30, art. 174; 2017, ch. 20, art. 27. 183 [Abrogé, 2017, ch. 20, art. 27] [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; 1994, ch. 22, art. 16; 2000, ch. 30, art. 174; 2017, ch. 20, art. 27. Income Tax
PART II.1 Application of Part Tax payable Stock dividend --- Impôt sur le revenu
Impôt sur certaines distributions de surplus Application
a) soit est une société publique; b) soit réside au Canada et a une catégorie d’actions en circulation qui ont été achetées et vendues de la façon que des actions semblables seraient normalement achetées et vendues par le public sur le marché libre. Impôt payable
Si, à un moment donné, dans le cadre d’une opération ou d’une série d’opérations ou d’événements : a) d’une part, une société ou une personne avec laquelle elle a un lien de dépendance paie un montant, directement ou indirectement, à une personne à titre de produit de disposition d’un bien, b) d’autre part, il est raisonnable de considérer, compte tenu des circonstances, que tout ou partie de ce montant a été payé en remplacement de dividendes que la société aurait versés par ailleurs dans le cours normal de ses activités, la société est redevable, au plus tard à la date d’exigibilité du solde qui lui est applicable pour son année d’imposition qui comprend ce moment, d’un impôt au taux de 45 % de tout ou partie de ce montant, selon le cas. Dividende en actions
Si, dans le cadre d’une opération ou d’une série d’opérations ou d’événements : a) d’une part, une société émet une action à titre de dividende en actions et le montant du dividende en actions est inférieur à la juste valeur marchande de l’action au moment de son émission; b) d’autre part, l’action ou toute autre action du capital-actions de la société a été achetée, directement ou indirectement, par la société ou par une personne avec laquelle elle a un lien de dépendance, pour un montant dépassant le capital versé au titre de l’action, l’excédent est réputé, pour l’application du paragraphe (2), payé en remplacement des dividendes que la société aurait versés par ailleurs dans le cours normal de ses activités. Purchase of shares Where s. (2) does not apply Where s. 110.6(8) does not apply Return Provisions applicable to Part PART II.2 Tax on Repurchases of Equity Definitions Déclaration
Dispositions applicables
Les paragraphes 150(2) et (3), les articles 152, 158 et 159, les paragraphes 160.1(1) et 161(1) et 161(11), les articles 162 à 167, ainsi que la section J de la partie I s’appliquent à la présente partie, avec les adaptations nécessaires. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent codification; voir les lois et règlements modificatifs appropriés.] 1987, ch. 46, art. 57.
Impôt sur les rachats de capitaux propres Définitions
capitaux propres Relativement à une entité, s’entend des biens suivants : a) si elle est une société, une action de son capital-actions; b) si elle est une fiducie, une participation au revenu ou au capital de la fiducie; c) si elle est une société de personnes, une participation à titre d’associé de la société de personnes. (equity) dette substantielle Relativement à une entité visée, s’entend de capitaux propres qui, conformément à leurs modalités, à la fois : a) ne sont pas convertibles ou échangeables, sauf contre, selon le cas : (i) des capitaux propres qui, s’ils étaient émis, constitueraient une dette substantielle de la même entité visée, (ii) une obligation ou un billet de l’entité visée, dont la juste valeur marchande n’excède pas le total des montants visés aux sous-alinéas d)(i) à (iv), (a) in exchange for (i) cash, (iii) des capitaux propres qui seraient émis seulement à la suite d’un événement déclencheur au titre d’une disposition relative aux fonds propres d’urgence en cas de non-viabilité comprise dans les modalités des capitaux propres afin de respecter les exigences réglementaires en matière de capital applicables à l’entité visée; b) ne confèrent pas de droit de vote d’élire les membres du conseil d’administration, les fiduciaires ou le commandité (le cas échéant) de l’entité visée, sauf en cas d’inexécution des conditions des capitaux propres; c) exige que la somme de tout dividende ou autre distribution payable soit calculée : (i) soit en tant que montant fixe, (ii) soit en fonction du pourcentage d’une somme égale à la juste valeur marchande de la contrepartie de l’émission des capitaux propres si le pourcentage est : (A) soit fixe, (B) soit déterminé en fonction du taux d’intérêt du marché (y compris les bons du Trésor du gouvernement du Canada), plus un montant fixe, le cas échéant; d) donnent droit au détenteur des capitaux propres de recevoir au rachat, à l’acquisition ou à l’annulation des capitaux propres par l’entité visée ou par une personne ou une société de personnes avec laquelle l’entité visée a un lien de dépendance ou à laquelle l’entité visée est affiliée, un montant qui ne dépasse pas le total des montants suivants : (i) la juste valeur marchande de la contrepartie pour laquelle les capitaux propres ont été émis, (ii) le montant des distributions ou des dividendes impayés sur les capitaux propres qui sont payables au détenteur, (iii) la prime payable au détenteur uniquement en raison du rachat anticipé, de l’annulation ou de l’acquisition anticipée des capitaux propres, (iv) tout autre montant relativement à une somme visée aux sous-alinéas (i) à (iii) attribuable à une augmentation de la valeur d’une monnaie (sauf la monnaie canadienne) par rapport à la monnaie canadienne. (substantive debt) Income Tax PART II.2 Tax on Repurchases of Equity
(i) the covered entity, (d) in the course of a reorganization to which paragraph 55(3)(a) or (b) applies; Impôt sur le revenu
émission admissible Toute partie d’une émission qui est effectuée, selon le cas : a) en échange, selon le cas : (i) d’une somme d’argent, (ii) d’une obligation, d’une débenture, d’un billet ou autre titre (autre que des capitaux propres) de l’entité visée émis uniquement en contrepartie d’une somme d’argent, dont les conditions confèrent à son détenteur un tel droit d’échange; (iii) de toute combinaison d’un ou plusieurs des biens visés aux sous-alinéas (i) ou (ii); b) à un employé de l’entité visée (ou d’une entité qui lui est liée) dans le cadre de son emploi; c) à une personne ou société de personnes, avec laquelle l’entité visée n’a aucun lien de dépendance et n’est pas affiliée, en échange de biens utilisés dans l’entreprise exploitée activement de l’entité visée. (qualifying issuance) entité affiliée déterminée Relativement à une entité visée, une entité est une entité affiliée déterminée (appelée « entité affiliée » à la présente définition) si, à ce moment, selon le cas : a) si l’entité affiliée est une société, l’entité visée, selon le cas : (i) contrôle la société, (ii) a une participation directe ou indirecte dans les capitaux propres de la société dont la juste valeur marchande est égale à plus de 50 % de la juste valeur marchande du total des capitaux propres de la société; b) si l’entité affiliée est une fiducie, l’entité visée, selon le cas : (i) est un bénéficiaire détenant une participation majoritaire (au sens du paragraphe 251.1(3)) de la fiducie, (ii) a une participation directe ou indirecte dans les capitaux propres de la fiducie dont la juste valeur marchande est égale à plus de 50 % de la juste valeur marchande du total des capitaux propres de la fiducie; c) si l’entité affiliée est une société de personnes, l’entité visée, selon le cas : (h) pursuant to the exercise of a statutory right of dissent by a holder of the equity. (opération de réorganisation) (i) est un associé détenant une participation majoritaire de la société de personnes, (ii) a une participation directe ou indirecte dans les capitaux propres de la société de personnes dont la juste valeur marchande est égale à plus de 50 % de la juste valeur marchande du total des capitaux propres de la société de personnes. (specified affiliate) entité visée Est une entité visée pour une année d’imposition l’entité qui est une société, une fiducie ou une société de personnes si, à un moment donné de l’année : (a) les capitaux propres de l’entité sont inscrits à la cote d’une bourse de valeurs désignée; (b) l’entité est : (i) une société résidant au Canada (sauf une société de placement à capital variable), (ii) une fiducie qui, selon le cas : (A) est une fiducie de placement immobilier (au sens du paragraphe 122.1(1)), (B) est une fiducie intermédiaire de placement déterminée, (C) serait une fiducie intermédiaire de placement déterminée (sauf une fiducie de fonds commun de placement ayant une ou plusieurs catégories d’unités à distribution continue) si : (I) la mention « entité déterminée » à l’alinéa a) de la définition de bien hors portefeuille au paragraphe 122.1(1) était remplacée par « société de personnes, fiducie ou société » et qu’il n’était pas tenu compte du passage « au Canada » à l’alinéa e) de cette définition, (II) il n’était pas tenu compte du passage « situé au Canada » à l’alinéa a) de la définition de bien canadien immeuble, réel ou minier au paragraphe 248(1), (III) il n’était pas tenu compte du passage « du Canada » dans la définition de avoir minier canadien au paragraphe 13(21) et du passage « situé au Canada » dans la définition de avoir minier canadien au paragraphe 66(15), (iii) une société de personnes qui, selon le cas : (A) fixed, or (A) est une société de personnes intermédiaire de placement déterminée, (B) serait une société de personnes intermédiaire de placement déterminée si : (I) la mention « déterminée » à l’alinéa a) de la définition de bien hors portefeuille au paragraphe 122.1(1) était remplacée par « société de personnes, fiducie ou société » et qu’il n’était pas tenu compte du passage « au Canada » à l’alinéa c) de cette définition, (II) il n’était pas tenu compte du passage « situé au Canada » à l’alinéa a) de la définition de bien canadien immeuble, réel ou minier au paragraphe 248(1), (III) il n’était pas tenu compte du passage « au Canada » dans la définition de avoir forestier au paragraphe 13(21) et des passages « au Canada » et « situé au Canada » dans la définition de avoir minier canadien au paragraphe 66(15). (covered entity) opération de réorganisation S’entend d’un rachat, d’une acquisition ou d’une annulation de capitaux propres par l’entité visée qui est effectué soit : a) lors d’un échange de capitaux propres par un détenteur pour une contrepartie qui comprend des capitaux propres (sauf de dette substantielle), selon le cas : (i) de l’entité visée, (ii) d’une autre entité qui était liée à l’entité visée immédiatement avant l’échange et qui est une entité visée immédiatement après l’échange, (iii) d’une autre entité visée qui contrôle l’entité visée (ou une entité visée qui est contrôlée par l’entité visée) immédiatement après l’échange; b) lors d’une fusion de l’entité visée avec une ou plusieurs autres sociétés remplacées à laquelle s’applique le paragraphe 87(1) si un détenteur des capitaux propres immédiatement avant la fusion reçoit une contrepartie comprenant des capitaux propres (sauf une dette substantielle) de la nouvelle société (au sens du paragraphe 87(1)) en échange de ses capitaux propres lors de la fusion; b.1) lors d’une fusion (au sens du paragraphe 87(1)) à laquelle s’applique le paragraphe 87(11); Tax payable
where B is D − E Impôt payable
Chaque personne ou société de personnes qui est une entité visée pour une année d’imposition doit pour l’année d’imposition payer un impôt équivalent au montant obtenu par la formule suivante : 0,02 × (A + B − C) où : A représente la juste valeur marchande totale des capitaux propres (sauf une dette substantielle) de l’entité visée qui sont rachetés, acquis ou annulés au cours de l’année d’imposition par l’entité visée, à l’exception des capitaux propres qui sont : a) soit rachetés, acquis ou annulés dans le cadre d’une opération de réorganisation, b) soit acquis auprès d’une entité affiliée déterminée, si ces capitaux propres étaient antérieurement réputés, en vertu du paragraphe (5), avoir été acquis par l’entité visée et entièrement inclus dans la valeur de l’élément A; B : a) si les capitaux propres d’une entité visée (sauf une dette substantielle) sont rachetés, acquis ou annulés au cours de l’année d’imposition conformément à une opération de réorganisation visée aux alinéas a) ou b) de la définition de ce terme et que la contrepartie qu’un détenteur reçoit pour les capitaux propres n’est pas une contrepartie comprenant des capitaux propres visés aux where De minimis rule alinéas a) ou b) de la définition de opération de réorganisation, la somme obtenue par la formule suivante : D – E où : D représente le total de la juste valeur marchande des capitaux propres de l’entité visée (sauf une dette substantielle) qui sont rachetés, acquis ou annulés dans le cadre d’une opération de réorganisation visée au présent alinéa; E la juste valeur marchande totale de toute contrepartie comprenant des capitaux propres visés aux alinéas a) ou b) de la définition de opération de réorganisation qu’un détenteur reçoit à titre de contrepartie pour les capitaux propres qui sont rachetés, acquis ou annulés dans le cadre d’une opération de réorganisation visée au présent alinéa; b) dans les autres cas, zéro; C La juste valeur marchande totale des capitaux propres (sauf une dette substantielle) de l’entité visée qui sont : a) soit émis dans le cadre d’une émission admissible au cours de l’année d’imposition; b) soit disposés au cours de l’année d’imposition par une entité affiliée déterminée de l’entité visée (à l’exception d’une disposition effectuée en faveur de l’entité visée ou d’une autre entité affiliée déterminée de l’entité visée) si ces capitaux propres étaient antérieurement réputés, en vertu du paragraphe (5), avoir été acquis par l’entité visée et antérieurement inclus dans la valeur de l’élément A. Impôt payable — anti-évitement
Les capitaux propres rachetés, acquis ou annulés, ou émis par une entité visée, dans le cadre d’une opération (au sens du paragraphe 245(1)) ou d’une série d’opérations, sont inclus dans la valeur de l’élément A ou B ou exclus de la valeur de l’élément C du paragraphe (2), selon le cas, s’il est raisonnable de considérer que l’objet principal de l’opération ou de la série est la réduction de la somme visée à l’élément A ou B ou l’augmentation de la somme visée à l’élément C de ce paragraphe. Seuil minimum
Malgré le paragraphe (2), lorsque le total des sommes déterminées pour les éléments A et B de la formule figurant au paragraphe (2) pour une année d’imposition est Similar transactions (d) a trust governed by a deferred profit sharing plan. Similar transactions — anti-avoidance Income Tax PART II.2 Tax on Repurchases of Equity Sections 183.3-183.4 Return Payment Provisions applicable to Part
Subsections 150(2) and (3), sections 152, 158 and 159, subsections 160.1(1) and 161(1) and (11), sections 162 to Impôt sur le revenu
déterminée de l’entité visée à compter du début de l’opération ou de la série jusqu’au moment immédiatement après sa fin. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.]; 2024, ch. 15, art. 53; 2024, ch. 17, art. 80. Déclaration
a) lorsqu’elle est une société, elle produit, au plus tard le jour où elle est tenue de produire sa déclaration de revenu en vertu de la partie I pour l’année, auprès du ministre une déclaration pour l’année en vertu de la présente partie selon le formulaire prescrit; b) lorsqu’elle est une fiducie, dans les quatre-vingt-dix jours qui suivent la fin de l’année d’imposition, le fiduciaire produit auprès du ministre une déclaration pour l’année en vertu de la présente partie selon le formulaire prescrit; c) lorsqu’elle est une société de personnes, un associé de la société de personnes qui a le pouvoir d’agir au nom de la société de personnes produit auprès du ministre une déclaration pour l’année en vertu de la présente partie selon le formulaire prescrit au plus tard au premier en date des jours suivants : (i) le jour qui tombe cinq mois après la fin de l’année d’imposition, (ii) le 31 mars de l’année civile qui suit celle où se termine l’année d’imposition. Paiement
Toute entité tenue de payer de l’impôt en vertu de la présente partie pour une année d’imposition doit : a) si elle est une société ou une fiducie, payer ses impôts en vertu de la présente partie pour l’année au receveur général au plus tard à la date d’exigibilité du solde qui lui est applicable pour l’année; b) si elle est une société de personnes, payer ses impôts en vertu de la présente partie pour l’année au receveur général au plus tard le jour où la société de personnes est tenue de produire une déclaration pour l’année en application de l’alinéa (1)c). Dispositions applicables
Les paragraphes 150(2) et (3), les articles 152, 158 et 159, les paragraphes 160.1(1) et 161(1) et (11), les articles PART III (2.1) [Repealed, 2013, c. 34, s. 327] 162 à 167 et la section J de la partie I s’appliquent à la présente partie, avec les adaptations nécessaires. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2024, ch. 15, art. 53.
Impôt supplémentaire sur les excédents résultant d’un choix Impôt sur les excédents résultant d’un choix 184 (2) La société qui fait un choix en vertu du paragraphe 83(2), 130.1(4) ou 131(1) relativement au montant total d’un dividende payable par elle sur des actions d’une catégorie de son capital-actions (appelé « dividende initial » au présent article) doit payer, au moment du choix, un impôt en vertu de la présente partie égal aux 3/5 de l’excédent du montant total du dividende initial sur la partie de celui-ci qui est réputée, par ce paragraphe, être un dividende en capital ou un dividende sur les gains en capital. (2.1) [Abrogé, 2013, ch. 34, art. 327] Choix de considérer l’excédent comme un dividende distinct
Dans le cas où une société serait tenue, en l’absence du présent paragraphe, de payer, en vertu de la présente partie, à l’égard d’un dividende initial payable à un moment donné, un impôt au titre de l’excédent visé au paragraphe (2), les règles ci-après s’appliquent si elle fait le choix selon les modalités réglementaires au plus tard le quatre-vingt-dixième jour suivant la date d’envoi de l’avis de cotisation relatif à l’impôt payable par ailleurs en vertu de la présente partie : a) la partie du dividende initial qui est réputée, par le paragraphe 83(2), 130.1(4) ou 131(1), être un dividende en capital ou un dividende sur les gains en capital, selon le cas, est réputée, pour l’application de la présente loi, être un dividende distinct qui est devenu payable au moment donné; b) la partie de l’excédent que la société a désignée dans son choix est réputée, pour l’application de la présente loi et pour les besoins de tout choix concernant cette partie fait en vertu du paragraphe 83(2), 130.1(4) ou 131(1), et si la société fait un tel choix, pour l’application de la présente loi, être un dividende distinct qui est devenu payable immédiatement après le moment donné; c) la partie de l’excédent qui excède la partie réputée, par l’alinéa b), être un dividende distinct pour l’application de la présente loi est réputée être un dividende distinct qui est devenu payable immédiatement après le moment donné. (3.1) and (3.2) [Repealed, 2013, c. 34, s. 327] (b) either imposable distinct qui est devenu payable au moment donné; d) chacune des personnes qui détenaient des actions émises de la catégorie d’actions du capital-actions de la société sur laquelle le dividende initial a été versé est réputée : (i) n’avoir reçu aucune partie du dividende initial, (ii) avoir reçu, au moment où un dividende distinct déterminé selon l’un des alinéas a) à c) est devenu payable, la proportion de ce dividende que représente le rapport entre le nombre d’actions de cette catégorie qu’elle détenait au moment donné et le nombre d’actions de cette catégorie qui étaient en circulation à ce moment; toutefois, pour l’application de la partie XIII, le dividende distinct est réputé être versé le jour où le choix prévu au présent paragraphe est fait. (3.1) et (3.2) [Abrogés, 2013, ch. 34, art. 327] Approbation du choix
Le choix prévu au paragraphe (3) n’est valide que si, à la fois : a) il est fait avec l’assentiment de la société et de ses actionnaires — dont la société connaissait les adresses — qui ont reçu ou avaient le droit de recevoir tout ou partie du dividende initial; b) l’une des conditions ci-après est remplie : (i) le choix est fait au plus tard le jour qui suit de 30 mois le jour où le dividende initial est devenu payable, (ii) chaque actionnaire qui a reçu ou avait le droit de recevoir tout ou partie du dividende initial a donné son assentiment au choix, auquel cas, il est fait abstraction, malgré les paragraphes 152(4) à (5), des cotisations voulues concernant l’impôt, les intérêts et les pénalités payables par chacun de ces actionnaires pour une année d’imposition pour tenir compte du choix de la société. Exception — actionnaires non assujettis à l’impôt
Si chaque personne qui est réputée par le paragraphe (3) avoir reçu un dividende à un moment donné en [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 184; 1994, c. 7, Sch. II, s. 152; 2010, c. 25, s. 48; 2013, c. 34, s. 327. Provisions applicable to Part raison du choix prévu à ce paragraphe est aussi, à ce moment, une personne dont le revenu imposable est exonéré de l’impôt prévu à la partie I, les règles ci-après s’appliquent : a) le paragraphe (4) ne s’applique pas au choix; b) le choix n’est valide que s’il est fait au plus tard le jour qui suit de 30 mois le jour où le dividende initial est devenu payable. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent codifié; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 184; 1994, ch. 7, ann. II, art. 152; 2010, ch. 25, art. 48; 2013, ch. 34, art. 327. Cotisation 185 (1) Le ministre examine avec diligence chaque choix que fait une société conformément aux paragraphes 83(2), 130.1(4) ou 131(1), établit l’impôt éventuel payable en vertu de la présente partie et en avise la société par avis de cotisation à la société. Paiement de l’impôt et des intérêts
Lorsqu’une société fait un choix conformément au paragraphe 83(2), 130.1(4) ou 131(1) et que le ministre envoie un avis de cotisation en vertu de la présente partie à l’égard du choix, la partie de l’impôt établi dans l’avis ainsi que les intérêts y afférents calculés au taux prescrit pour la période allant de la date du choix à la date du paiement, Dispositions applicables
Les paragraphes 152(3), (4), (5), (7) et (8) et 161(11), les articles 163 à 167 et la section J de la partie I s’appliquent à la présente partie, avec les adaptations nécessaires. Responsabilité solidaire
Toute personne qui a reçu d’une société un dividende visé par un choix fait en application des paragraphes 83(2), 130.1(4) ou 131(1) est solidairement tenue, avec la société, de payer la fraction de l’impôt payable par celle-ci en vertu de la présente partie par suite du choix, représentée par le rapport entre : a) d’une part, le montant du dividende reçu par la personne; b) d’autre part, le plein montant du dividende visé par le choix. Toutefois, le présent paragraphe n’a pas pour effet de limiter la responsabilité d’une personne en vertu d’une autre disposition de la présente loi. Rules applicable (A - B) × C/D where R.S., 1985, c. 1 (5th Supp.), s. 185; 1994, c. 7, Sch. II, s. 153; 2013, c. 34, s. 150. Cotisation
Le ministre peut, à un moment postérieur au dernier jour où une société peut faire le choix prévu au paragraphe 184(3) relativement à un dividende, établir une cotisation à l’égard d’une personne concernant un montant payable en vertu du paragraphe (4) relativement au dividende. Dès lors, les dispositions de la section I de la partie I s’appliquent à la cotisation, avec les adaptations nécessaires, comme si elle avait été établie en application de l’article 152. Règles applicables
Dans le cas où une société et une autre personne sont solidairement tenues, par application du paragraphe (4), de payer tout ou partie de l’impôt payable par la société en vertu de la présente partie relativement à un dividende visé à ce paragraphe, les règles suivantes s’appliquent : a) tout paiement fait par l’autre personne à un moment donné au titre de l’obligation éteint d’autant leur obligation après ce moment; b) tout paiement fait par la société à un moment donné au titre de son obligation n’éteint l’obligation de l’autre personne qu’à concurrence du résultat du calcul suivant : (A - B) × C/D où : A représente le total du montant du paiement et du montant de l’obligation de la société en vertu de la présente partie, immédiatement avant ce moment, au titre du plein montant du dividende, B le montant de l’obligation de la société en vertu de la présente loi immédiatement avant ce moment, C le montant du dividende reçu par l’autre personne, D le plein montant du dividende. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.]
R. (1985), ch. 1 (5e suppl.), art. 185; 1994, ch. 7, ann. II, art. 153; 2013, ch. 34, art. 150. exceeds (b) either b) une somme égale à celle demandée par la société dans le document concernant le choix est réputée être un dividende imposable distinct (autre qu’un dividende déterminé) qu’elle a versé immédiatement avant le moment donné; c) chaque actionnaire de la société qui, au moment donné, détenait des actions émises de la catégorie d’actions sur laquelle le dividende initial a été versé est réputé, à la fois : (i) ne pas avoir reçu le dividende initial, (ii) avoir reçu, à ce moment, les sommes suivantes : (A) à titre de dividende déterminé, sa part proportionnelle du montant de tout dividende calculé selon l’alinéa a), (B) à titre de dividende imposable (autre qu’un dividende déterminé), sa part proportionnelle du montant de tout dividende calculé selon l’alinéa b); d) la part proportionnelle revenant à un actionnaire d’un dividende versé à un moment quelconque sur une catégorie d’actions du capital-actions d’une société correspond à la proportion du dividende que représente le rapport entre le nombre d’actions de cette catégorie qui sont détenues par l’actionnaire à ce moment et le nombre d’actions de cette catégorie qui sont en circulation à ce moment. Choix — assentiment
Le choix prévu au paragraphe (2) relatif à un dividende initial n’est valide que si les conditions suivantes sont réunies : a) il est fait avec l’assentiment de la société et de ses actionnaires : (i) qui ont reçu ou pouvaient recevoir tout ou partie du dividende initial, (ii) dont la société connaissait l’adresse; b) selon le cas : (i) il est fait au plus tard le jour qui est 30 mois le jour où le dividende initial a été versé, (ii) chaque actionnaire visé au sous-alinéa a)(i) donne son assentiment au choix; dans ce cas, malgré les paragraphes 152(4) à (5), les cotisations pour l’impôt, les intérêts et les pénalités Return Provisions applicable to Part Rules applicable (A - B) × C/D where Cotisation
Le ministre peut, à un moment postérieur au dernier jour où une société peut faire le choix prévu au paragraphe 185.1(2) relativement à une désignation excessive de dividende déterminé, établir une cotisation à l’égard d’une personne concernant une somme à payer en vertu du paragraphe (3) relativement à la désignation. Dès lors, les dispositions de la section I de la partie I, notamment celles portant sur les intérêts à payer, s’appliquent, avec les adaptations nécessaires, à toute cotisation établie en vertu du présent paragraphe comme si elle avait été établie en application de l’article 152. Règles applicables
Dans le cas où une société et un actionnaire sont solidairement tenus, par application du paragraphe (3), de payer tout ou partie de l’impôt à payer par la société en vertu de la présente partie relativement à une désignation excessive de dividende déterminé visée à ce paragraphe, les règles suivantes s’appliquent : a) tout paiement fait par l’actionnaire à un moment donné au titre de son obligation éteint l’obligation de l’actionnaire à concurrence de ce paiement; b) tout paiement fait par la société à un moment donné au titre de son obligation n’éteint l’obligation de l’actionnaire qu’à concurrence de la somme obtenue par la formule suivante : (A - B) × C/D où : A représente le total des sommes suivantes : (i) le montant de l’obligation de la société en vertu de la présente partie, immédiatement avant ce moment, relativement à la désignation, (ii) le montant du paiement, B le montant de l’obligation de la société en vertu de la présente loi immédiatement avant ce moment, C le montant du dividende déterminé reçu par l’actionnaire, D le total des sommes représentant chacune un dividende au titre duquel la désignation a été effectuée. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2007, ch. 2, art. 51. Income Tax
PART IV Tax on assessable dividends exceeds 38 1/3% of the total of (d) such part of the particular corporation’s --- Impôt sur le revenu
Impôt sur les dividendes imposables reçus par les sociétés privées Impôt sur les dividendes imposables déterminés 186 (1) Toute société qui est une société privée ou une société assujettie au cours d’une année d’imposition est tenue de payer, au plus tard à la date d’exigibilité du solde qui lui est applicable pour l’année, un impôt pour l’année en vertu de la présente partie égal à l’excédent éventuel du total des montants suivants : a) 38 1/3 % de l’ensemble des dividendes imposables déterminés qu’elle a reçus au cours de l’année de sociétés autres que des sociétés payantes auxquelles elle est rattachée; b) les montants représentant chacun un montant au titre d’un dividende imposable déterminé qu’elle a reçu au cours de l’année d’une société privée ou d’une société assujettie qui était une société payante à laquelle elle était rattachée, égal au produit de la multiplication du remboursement au titre de dividendes, au sens de l’alinéa 129(1)a), de la société payante pour son année d’imposition au cours de laquelle elle a versé le dividende par le rapport entre : (i) d’une part, le dividende reçu par la société donnée, (ii) d’autre part, le total des dividendes imposables versés par la société payante au cours de son année d’imposition pendant laquelle elle a versé le dividende et à un moment où elle était une société privée ou une société assujettie, sur 38 1/3 % du total des montants suivants : c) la partie de sa perte autre qu’une perte en capital et de sa perte agricole pour l’année qu’elle demande en déduction; d) la partie des pertes suivantes dont elle demande la déduction, jusqu’à concurrence de la partie de ces pertes qui serait déductible en application de l’article 111 dans le calcul de son revenu imposable pour l’année s’il était fait abstraction du passage « l’année d’imposition donnée » et « sous-alinéa 111(3)a)(ii) et si son revenu pour l’année était suffisant : (i) sa perte autre qu’une perte en capital pour une des 20 années d’imposition précédentes ou des 3 années d’imposition suivantes, Income Tax
Definitions --- Impôt sur le revenu
(iii) sa perte agricole pour une de ses 20 années d’imposition précédentes ou de ses 3 années d’imposition suivantes. Réduction d’impôt (1.1) Malgré le paragraphe (1), l’impôt payable par ailleurs en vertu de la présente partie par une société pour une année d’imposition est réduit de deux montants ci-après qui est applicable si elle reçoit au cours de l’année un dividende imposable déterminé qui est inclus dans un montant sur lequel l’impôt prévu à la partie IV.1 est payable par elle pour l’année : a) s’il s’agit d’un dividende visé à l’alinéa (1)a), 10% du montant du dividende; b) s’il s’agit d’un dividende visé à l’alinéa (1)b), 30% du montant déterminé selon cet alinéa au titre du dividende. Cas où une société est contrôlée
Pour l’application de la présente partie, sauf pour ce qui est de déterminer si une société est une société assujettie, une société est contrôlée par une autre société si plus de 50% des actions émises de son capital-actions (comportant plein droit de vote en toutes circonstances) appartiennent à l’autre société, à des personnes avec lesquelles cette autre société a un lien de dépendance ou à l’autre société et à des personnes avec lesquelles l’autre société a un lien de dépendance. Définitions
Les définitions qui suivent s’appliquent à la présente partie. dividende déterminé [Abrogée, 2013, ch. 34, art. 75] dividende imposable déterminé Somme reçue par une société, à un moment où elle est une société privée ou une société assujettie, au titre ou en paiement intégral ou partiel d’un dividende imposable d’une société, jusqu’à concurrence de la somme relative au dividende déductible en application de l’article 112, des alinéas 113(1)a), a.1), b) ou d) ou du paragraphe 113(2) dans le calcul du revenu imposable pour l’année de la société qui a reçu le dividende. (assessable dividend) société assujettie Société, sauf une société privée, résidée au Canada et qui est contrôlée, au moyen d’un droit de bénéficiaire sur une ou plusieurs fiducies ou autrement, par un particulier autre qu’un fiduciaire ou par un groupe lié de particuliers autres que des fiducies, ou le compte d’un tel particulier ou groupe. (subject corporation) Interpretation Income Tax Sections 186-186.2 Exempt corporations (i) a bank, (iii) an insurance corporation, (iv) a prescribed labour-sponsored venture capital corporation, (v) a prescribed investment contract corporation, [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 186.1; 1988, c. 19, s. 200; 2007, c. 35, s. 85; 2017, c. 33, s. 64. Exempt dividends --- Impôt sur le revenu
Sociétés exonérées
a) en faillite à un moment donné de l’année; b) l’une des sociétés suivantes tout au long de l’année : (i) une banque, (ii) une société autorisée, par permis ou autrement, en vertu des lois fédérales ou provinciales, à exploiter au Canada une entreprise d’offre au public de services de fiduciaire, (iii) une compagnie d’assurance, (iv) une société à capital de risque de travailleurs visée par règlement, (v) une société de contrats de placement visée par règlement, (vi) une société de placement appartenant à des non-résidents, (vii) un courtier en valeurs mobilières inscrit qui, tout au long de l’année, était membre, ou organisation participante, d’une bourse de valeurs désignée située au Canada. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R., 1985, ch. 1 (5e suppl.), art. 186.1; 1988, ch. 19, art. 200; 2007, ch. 35, art. 85; 2017, ch. 33, art. 64. Dividendes exonérés
[NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1987, ch. 46, art. 59. Information return Interest Provisions applicable to Part 1970-71-72, c. 63, s. 1 “187”; 1985, c. 45, ss. 101, 126(F); 1986, c. 6, s. 98. PART IV.1 (NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.) R.S., 1985, c. 1 (5th Supp.), s. 187.1; 1994, c. 7, Sch. II, s. 154. (NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.) R.S., 1985, c. 1 (5th Supp.), s. 187.2; 2003, c. 15, s. 121.
For the purposes of subsection 187.3(1), [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 187.3; 2003, c. 15, s. 122; 2007, c. 35, s. 68. Sociétés de personnes
a) les montants qu’une société de personnes reçoit au cours d’un exercice au titre de dividendes sont réputés reçus par chaque associé de la société de personnes, à concurrence de sa part, au cours de l’exercice ou de l’année d’imposition de l’associé au cours desquels l’exercice de la société de personnes se termine; partnership’s fiscal period ends, to the extent of that member’s share thereof; Information return Provisions applicable to Part Provisions applicable — Crown corporations PART V Application of s. 149.1(1) b) chaque associé est réputé propriétaire au moment considéré des actions de chaque catégorie du capital-actions d’une société qui sont des biens de la société de personnes à ce moment proportionnellement à sa part du total des dividendes reçus par la société de personnes sur ces actions au cours de l’exercice de celle-ci qui comprend ce moment; c) le terme personne vise également une société de personnes. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1988, ch. 55, art. 152. Déclaration de renseignements
[NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1988, ch. 55, art. 152. Dispositions applicables
[NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1988, ch. 55, art. 152. Disposition applicable aux sociétés d’État
[NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1998, ch. 19, art. 201.
Impôt et pénalités relatifs aux donataires reconnus Application du par. 149.1(1)
[NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1984, ch. 45, art. 57. A - B where Winding-up period b) toute dépense effectuée par l’organisme au cours de la période de liquidation au titre de ses activités de bienfaisance; c) toute somme relative à un bien que l’organisme a transféré au cours de la période de liquidation et au plus tard un an après la fin de l’année d’imposition, si est postérieur, le jour visé à l’alinéa (1.2)c), à une personne qui, au moment du transfert, était un donataire admissible relativement à l’organisme, égale à l’excédent éventuel de la juste valeur marchande du bien, au moment de son transfert sur la contrepartie donnée par la personne pour le transfert. Période de liquidation (1.2) Pour l’application de la présente partie, la période de liquidation d’un organisme de bienfaisance correspond à la période qui : a) d’une part, commence le lendemain du premier jour entre celui où : (i) le ministre délivre un avis d’intention de révoquer l’enregistrement de l’organisme enregistré en vertu de l’un des paragraphes 149.1(2) à (4.1) et 168(1), (ii) l’organisme devient une entité terroriste inscrite, (iii) un certificat signifié à l’égard de l’organisme en vertu du paragraphe 5(1) de la Loi sur l’enregistrement des organismes de bienfaisance (renseignements de sécurité) est jugé raisonnable au titre du paragraphe 7(1) de cette loi, compte tenu des renseignements et des autres éléments de preuve disponibles; b) d’autre part, se termine au dernier en date des jours suivants : (i) le jour où l’organisme produit une déclaration de revenu en vertu du paragraphe 189(6.1) pour l’année d’imposition qui est réputée, par le paragraphe (1), avoir pris fin, mais au plus tard le jour où l’organisme est tenu de produire cette déclaration, (ii) le jour où le ministre délivre le dernier avis de cotisation concernant l’impôt payable par l’organisme pour l’année en vertu du paragraphe (1.1), (iii) si l’organisme a produit un avis d’opposition ou d’appel relativement à cette cotisation, le jour où Eligible donee (a) a registered charity Eligible donee Income Tax
(d) that has filed all information returns required by subsection 149.1(14). Impôt sur le revenu
d) elle a produit toutes les déclarations de renseignements exigées aux termes du paragraphe 149.1(14). Responsabilité partagée — impôt de révocation
La personne qui reçoit un bien d’un organisme de bienfaisance, après le moment qui précède de 120 jours la fin de l’année d’imposition de l’organisme qui est réputée par le paragraphe (1) avoir pris fin, est solidairement tenue, avec l’organisme, au paiement de l’impôt payable par celui-ci en vertu du paragraphe (1.1) pour cette année, jusqu’à concurrence du total des crédits représentant le montant par lequel la juste valeur marchande du bien au moment où il a été ainsi reçu par la personne sur la contrepartie donnée par celle-ci relativement au bien. Non-application de l’impôt de révocation (2.1) Les paragraphes (1) et (1.1) ne s’appliquent pas à un organisme de bienfaisance pour ce qui est d’un avis d’intention délivré en vertu de l’un des paragraphes 149.1(2) à (4.1) et 168(1), si le ministre renonce à l’intention et en avise l’organisme ou, à la fois : a) dans la période d’un an commençant immédiatement après l’année d’imposition de l’organisme déterminée par le paragraphe (1) comme ayant pris fin, le ministre a enregistré l’organisme comme œuvre de bienfaisance, fondation privée ou fondation publique; b) l’organisme, avant le moment où il a été ainsi enregistré, à la fois : (i) payé les sommes dont chacune représente une somme dont il est redevable en vertu des dispositions de la présente loi, sauf le paragraphe (1.1), ou de la Loi sur la taxe d’accise au titre des impôts, taxes, pénalités et intérêts, (ii) produit les déclarations de renseignements qu’il est tenu de produire sous le régime de la présente loi ou au plus tard à ce moment. Transfert de biens
Un organisme de bienfaisance enregistré qui est une fondation de bienfaisance qui, par une opération ou une série d’opérations, transfère, avant la fin de l’année d’imposition déterminée, directement ou indirectement, à une œuvre de bienfaisance ou une œuvre de bienfaisance enregistrée une valeur nette supérieure à 50 % du montant de son actif net immédiatement avant l’opération ou la série d’opérations doit payer un impôt, pour l’année, au titre de la présente partie, équivalant à l’excédent de 25 % de la valeur nette du bien en question, déterminée au jour de son transfert, sur le total des montants représentant les montants auxquels il est tenu, au titre du présent paragraphe, pour Non-application of subsection (3) Definitions A - B where A - B where --- une année d’imposition précédente à l’égard de l’opération ou de la série d’opérations, selon le cas, s’il est raisonnable de considérer que la raison principale du transfert est de réduire son contingent des versements. Non-application du paragraphe (3) (3.1) Le paragraphe (3) ne s’applique pas au transfert qui consiste en un don visé aux paragraphes 188.1(11) ou (12). Solidarité
L’œuvre de bienfaisance qui reçoit un bien d’une fondation de bienfaisance, dans les circonstances énoncées au paragraphe (3), s’il est raisonnable de considérer qu’elle a agi de concert avec la fondation en vue de réduire le contingent des versements de celle-ci, est solidairement responsable avec elle de l’impôt dont elle est frappée, au titre de ce paragraphe, jusqu’à concurrence de la valeur nette du bien. Définitions
Les définitions qui suivent s’appliquent au présent article. montant de l’actif net S’agissant du montant de l’actif net, à un moment donné, d’une fondation de bienfaisance, le montant calculé selon la formule suivante : A - B où : A représente la juste valeur marchande à ce moment des biens appartenant à la fondation à ce moment; B le total des montants dont chacun représente une dette ou toute autre obligation de la fondation exigible à ce moment. (net asset amount) valeur nette S’agissant de la valeur nette d’un bien d’une fondation de bienfaisance au jour du transfert de celui-ci, le montant calculé selon la formule suivante : A - B où : A représente la juste valeur marchande de jour-là du bien; B le montant de toute contrepartie reçue par la fondation pour le transfert. (net value) [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs applicables : L.R., 1985, ch. 1 (5e suppl.), art. 188; 1994, ch. 7, sch. II, art. 115; 2001, ch. 17, art. 48; 2010, ch. 25, art. 50; 2011, ch. 24, art. 58; 2013, ch. 34, art. 151; 2021, ch. 12, art. 23; 47; 2022, ch. 10, art. 22.] contrôlait ainsi cette société, sauf si la fondation est passible, en vertu de l’alinéa b), d’une pénalité à l’égard du dividende; b) si le ministre a établi, moins de cinq ans avant le moment de l’acquisition du contrôle, une cotisation à l’égard d’une somme à payer en vertu de l’alinéa a) ou du présent alinéa pour une année d’imposition antérieure de la fondation relativement à un dividende reçu d’une société donnée, le total des montants représentant chacun un dividende que la fondation a reçu de la société donnée après ce moment, au cours de l’année d’imposition et à un moment où la fondation contrôlait ainsi la société donnée. Pénalité pour participation excédentaire dans une société (3.1) Toute fondation privée est passible d’une pénalité en vertu de la présente partie pour une année d’imposition, relativement à une catégorie d’actions du capital-actions d’une société, égale à celle des sommes suivantes qui est applicable : a) 5 % du produit du son pourcentage de dessaisissement pour l’année, relativement à la catégorie, par la juste valeur marchande totale de toutes les actions émises et en circulation de la catégorie, sauf si elle est passible pour l’année, relativement à la catégorie, de la pénalité prévue à l’alinéa b); b) 10 % du produit de son pourcentage de dessaisissement pour l’année, relativement à la catégorie, par la juste valeur marchande totale de toutes actions émises et en circulation de la catégorie, si, selon le cas : (i) elle a omis d’indiquer les renseignements ci-après dans la déclaration qu’elle est tenue de produire pour l’année aux termes du paragraphe 149.1(14) : (A) toute opération importante qu’elle a effectuée au cours de l’année relativement à la catégorie, (B) toute participation notable que détient, à la fin de l’année, une personne intéressée quant à elle, (C) son pourcentage de participation totale relativement à la catégorie à la fin de l’année, sauf si elle n’a détenu tout au long de l’année qu’une participation négligeable relativement à la participation, (ii) moins de cinq ans avant la fin de l’année, le ministre a établi une cotisation à l’égard d’une somme Avoidance of divestiture Where subsection (3.5) applies Évitement de l’obligation de dessaisissement (3.2) Dans le cas où une fondation privée aurait à la fin d’une année d’imposition — en l’absence d’une opération ou d’une série d’opérations effectuée par elle ou par une personne intéressée quant à elle (appelées « détenteur » au présent paragraphe) par suite de laquelle le détenteur détient, directement ou indirectement, un intérêt ou, pour l’application du droit civil, un droit dans une société qui n’est pas sous forme d’actions — un pourcentage de dessaisissement pour l’année relativement aux actions qu’elle détient d’une catégorie du capital-actions d’une société, et où il est raisonnable de considérer que l’un des objets de l’opération ou de la série consiste à éviter ce pourcentage de dessaisissement en substituant des actions de la catégorie au droit ou intérêt, les règles ci-après s’appliquent dans le cadre du présent article, du paragraphe 149.1(1) et de l’article 149.2 : a) chacun des intérêts ou droits en cause est réputé avoir été converti, immédiatement après le moment où il a été détenu pour la première fois, directement ou indirectement, par le détenteur, en un nombre d’actions de la catégorie qui, s’il s’agissait d’actions de la catégorie qui ont été émises par la société, auraient une juste valeur marchande égale à celle de l’intérêt ou du droit à ce moment; b) chacune des actions en cause est réputée être une action émise par la société qui est en circulation et qui continue d’être détenue par le détenteur jusqu’à ce qu’il ne soit plus détenteur de l’intérêt ou du droit; c) chacune des actions en cause est réputée avoir une juste valeur marchande, à ce moment donné, égale à la juste valeur marchande, à ce moment donné, d’une action de la catégorie émise par la société, déterminée compte non tenu du présent paragraphe. Application du par. (3.5) (3.3) Le paragraphe (3.5) s’applique à une fondation privée à un moment donné d’une année d’imposition si les conditions suivantes sont réunies : a) au moment donné, une personne (appelée « initié » au présent paragraphe et au paragraphe (3.5)) qui est la fondation ou une personne intéressée quant à elle est bénéficiaire d’une fiducie; b) au moment donné ou avant ce moment, selon le cas : Rules applicable (3.4) For the purpose of subsections (3.3) and (3.5), Avoidance of divestiture A × B/C where (i) l’initié a acquis une participation dans la fiducie, (ii) la fiducie a acquis un bien; c) il est raisonnable de considérer que l’acquisition visée à l’alinéa b) a été effectuée notamment afin de détenir, directement ou indirectement, des actions d’une catégorie du capital-actions d’une société (appelée « société visée » au paragraphe (3.5)); d) si les actions visées à l’alinéa c) étaient détenues par l’initié, la fondation aurait un pourcentage de dessaisissement pour l’année; e) au moment donné, l’initié détient la participation visée au sous-alinéa b)(i), ou la fiducie détient le bien visé au sous-alinéa b)(ii), selon le cas. Règles applicables (3.4) Pour l’application des paragraphes (3.3) et (3.5) : a) les intérêts ou, pour l’application du droit civil, les droits (autres que des actions) qui se trouvent dans une société et qui concernent le droit visé à l’alinéa 251(5)b) relativement à une catégorie d’actions du capital-actions de la société sont réputés être convertis en actions de cette catégorie de la manière prévue à l’alinéa (3.2)a); b) si le montant de revenu ou de capital de la fiducie qu’une personne peut recevoir à titre de bénéficiaire de la fiducie est fonction de l’exercice ou de l’absence d’exercice, par quiconque, d’un pouvoir discrétionnaire, ce pouvoir est réputé avoir été pleinement exercé ou ne pas avoir été exercé. Évitement de l’obligation de dessaisissement (3.5) Si le présent paragraphe s’applique à une fondation privée à un moment donné relativement à la participation d’un initié de la fondation dans une fiducie, les règles ci-après s’appliquent dans le cadre de l’application du présent article, du paragraphe 149.1(1) et de l’article 149.2 : a) l’initié est réputé détenir au moment donné, outre des actions du capital-actions de la société visée qu’elle détient autrement qu’en vertu de l’effet du présent paragraphe, le nombre d’actions de la catégorie d’actions visée à l’alinéa (3.3)c) obtenu par la formule suivante : A × B/C où : A B C Undue benefits Meaning of undue benefits A représente le nombre d’actions de cette catégorie qui sont détenues, directement ou indirectement, par la fiducie au moment donné, B la juste valeur marchande totale des participations détenues par l’initié dans la fiducie au moment donné, C la juste valeur marchande totale des biens détenus par la fiducie au moment donné; b) chacune des actions en cause est réputée être une action en circulation qui est émise par la société visée et est réputée être détenue par le détenteur tant qu’il détient l’intérêt ou le droit; c) chacune des actions en cause est réputée avoir une juste valeur marchande, au moment donné, égale à la juste valeur marchande, à ce moment, d’une action de la catégorie émise par la société visée, déterminée compte non tenu du présent paragraphe. Avantages injustifiés
L’organisme de bienfaisance enregistré ou l’association canadienne enregistrée de sport amateur qui, à un moment d’une année d’imposition, confère un avantage injustifié à une personne est passible de la pénalité prévue en vertu de la présente partie pour l’année égale à celle des sommes ci-après qui est applicable : a) 105 % du montant de l’avantage, sauf si l’organisme ou l’association est passible de la pénalité prévue à l’alinéa b) à l’égard de l’avantage; b) si le ministre a établi, moins de cinq ans avant le moment donné, une cotisation à l’égard d’une somme à payer en vertu de l’alinéa a) ou du présent alinéa pour une année d’imposition antérieure de l’organisme ou de l’association et que l’avantage injustifié a été conféré après l’établissement de cette cotisation, 110 % du montant de l’avantage. Sens de « avantage injustifié »
Pour l’application de la présente partie, l’avantage injustifié conféré à une personne (appelée « bénéficiaire » dans la présente partie) par un organisme de bienfaisance enregistré ou une association canadienne enregistrée de sport amateur comprend un versement effectué sous forme de don ou le montant de tout revenu ou des droits, biens ou ressources de l’organisme ou de l’association qui est payé, payable ou cédé à toute personne, ou autrement mis à sa disposition pour son bénéfice personnel — laquelle personne est propriétaire, membre, actionnaire, fiduciaire ou auteur de l’organisme ou de l’association, ou a autrement versé à l’organisme ou à l’association des biens représentant plus de 50 % de (b) a gift made, or a benefit conferred, Failure to file information returns Incorrect information capitaux de ceux-ci ou a un lien de dépendance avec une telle personne ou avec l’organisme ou l’association — ainsi que tout avantage conféré à un bénéficiaire par une autre personne sur l’ordre ou avec le consentement de l’organisme ou de l’association qui, s’il n’était pas conféré au bénéficiaire, serait une somme à l’égard de laquelle l’organisme ou l’association aurait un droit. Un versement ou un avantage n’est pas un avantage injustifié dans la mesure où il consiste, selon le cas : a) en une somme qui représente une contrepartie ou rémunération raisonnable pour un bien acquis par l’organisme ou l’association ou pour des services rendus à ceux-ci; b) en un don fait, ou un avantage conféré : (i) dans le cas d’un organisme de bienfaisance enregistré, dans le cadre d’une action de bienfaisance accomplie dans le cours normal des activités de bienfaisance de l’organisme, sauf s’il est raisonnable de considérer que le bénéficiaire a droit à l’avantage en raison seulement de son lien avec l’organisme, (ii) dans le cas d’une association canadienne enregistrée de sport amateur, dans le cours normal de la promotion du sport amateur au Canada à l’échelle nationale; c) en un versement admissible. Non-production de déclarations de renseignements
Tout organisme de bienfaisance enregistré ou toute association canadienne enregistrée de sport amateur ou organisation journalistique enregistrée qui ne produit pas de déclaration pour une année d’imposition selon les modalités et dans le délai prévus au paragraphe 149.1(14) ou (14.1) est passible d’une pénalité de 500 $. Renseignements inexacts
Sauf en cas d’application des paragraphes (8) ou (9), tout organisme de bienfaisance enregistré ou toute association canadienne enregistrée de sport amateur ou organisation journalistique enregistrée qui, au cours d’une année d’imposition, délivre un reçu pour un don sans respecter les dispositions de la présente loi et de son règlement est passible, pour cette année d’imposition, d’une pénalité égale à 5 % de la somme indiquée sur le reçu comme représentant le montant à l’égard duquel un contribuable peut demander une déduction en application du paragraphe 110.1(1) ou le crédit prévu au paragraphe 118.1(3). False information Maximum amount Pénalité accrue en cas de récidive
Sauf en cas d’application du paragraphe (9), si le ministre a établi, moins de cinq ans avant un moment donné, une cotisation concernant la pénalité prévue au paragraphe (7) ou au présent paragraphe pour l’année d’imposition d’un organisme de bienfaisance enregistré, d’une association canadienne enregistrée de sport amateur ou d’une organisation journalistique enregistrée et que, après l’établissement de cette cotisation et au cours d’une année d’imposition ultérieure, l’organisme, l’association ou l’organisation délivre, au moment donné, un reçu pour un don sans respecter les dispositions de la présente loi et de son règlement, l’organisme, l’association ou l’organisation est passible, pour l’année ultérieure, d’une pénalité égale à 10 % de la somme indiquée sur le reçu comme représentant le montant à l’égard duquel un contribuable peut demander une déduction en application du paragraphe 110.1(1) ou le crédit prévu au paragraphe 118.1(3). Faux renseignements
Si, à un moment donné, une personne fait ou fournit, ou participe au fait de faire ou de fournir ou amène une autre personne à faire ou à fournir une déclaration qu’elle sait ou devrait raisonnablement savoir, n’eût été des circonstances équivalant à une conduite coupable (au sens du paragraphe 163.2(1)), qui constitue un faux énoncé (au sens du même paragraphe) figurant sur un reçu délivré par une autre personne, en son nom ou pour son compte, pour l’application des paragraphes 110.1(2) ou 118.1(2), la personne ou, si elle est cadre, employé, dirigeant ou mandataire d’un organisme de bienfaisance enregistré, d’une association canadienne enregistrée de sport amateur ou d’une organisation journalistique enregistrée, l’organisme, l’association ou l’organisation est passible, pour son année d’imposition qui comprend le moment donné, d’une pénalité égale à 125 % de la somme indiquée sur le reçu comme représentant le montant à l’égard duquel un contribuable peut demander une déduction en application du paragraphe 110.1(1) ou le crédit prévu au paragraphe 118.1(3). Pénalité maximale
La personne qui est passible à la fois d’une pénalité prévue à l’article 163.2 et de la pénalité prévue au paragraphe (9) pour le même faux énoncé n’est passible que de la plus élevée de ces pénalités. Report de dépense
L’organisme de bienfaisance enregistré qui a effectué, au cours d’une année d’imposition, une opération (y compris un don à un autre organisme de bienfaisance enregistré) dont l’un des objets consiste vraisemblablement à éviter ou à différer indûment la dépense de sommes Gifts not at arm’s length (a) a penalty under subsection 188.1(2); pour des activités de bienfaisance est passible, sous le régime de la présente loi pour son année d’imposition, d’une pénalité égale à 110 % du montant de la dépense évitée ou différée. Si l’opération consiste en un don à un autre organisme de bienfaisance enregistré, les deux organismes sont solidairement passibles de cette pénalité. Don à un organisme avec lien de dépendance
L’organisme de bienfaisance enregistré qui a reçu au cours d’une année d’imposition un don de biens (sauf un don déterminé) d’un autre organisme de bienfaisance enregistré avec lequel il a un lien de dépendance et qui a dépensé avant la fin de l’année d’imposition subséquente — en plus d’une somme correspondant à ses versements pour la quote-part de dépenses — une somme inférieure à la juste valeur marchande des biens sur des activités de bienfaisance qu’il mène ou sous forme de versements admissibles à des donataires reconnus ou à des organismes donataires, avec lesquels il n’a aucun lien de dépendance, est passible, sous le régime de la présente loi pour l’année d’imposition subséquente, d’une pénalité égale à 110 % de la différence entre la juste valeur marchande des biens et la somme additionnelle dépensée. Avis de suspension avec cotisation
a) la pénalité prévue au paragraphe 188.1(2); b) la pénalité prévue à l’alinéa 188.1(4)(b) relativement à un avantage injustifié, sauf celui que la personne confère au moyen d’un don; c) la pénalité prévue au paragraphe 188.1(9), si le total des pénalités imposées à la personne pour l’année selon ce paragraphe excède 25 000 $. Avis de suspension — application générale
Le ministre peut, par avis envoyé en recommandé, informer toute personne visée à l’un des alinéas a) à c) de la définition de donataire reconnu au paragraphe 149.1(1) que son pouvoir de délivrer des reçus officiels, Income Tax
(a) if the person contravenes any of sections 230 to 231.5; (g) [Repealed, 2018, c. 27, s. 20] **Suspension – failure to report** --- Impôt sur le revenu
au sens de la partie XXXV du **Règlement de l’impôt sur le revenu**, est suspendu pour un an à compter du jour qui suit de sept jours l’envoi de l’avis, si, selon le cas : a) la personne contrevient à l’un des articles 230 à 231.5; b) il est raisonnable de considérer que la personne a agi, de concert avec une autre personne qui est visée par une suspension en vertu du présent article, de façon à accepter un don ou un transfert de bien pour le compte de cette autre personne; c) la personne étant visée à l’alinéa a) de la définition de **donataire reconnu** au paragraphe 149.1(1), elle a délivré un reçu pour un don sans respecter les dispositions de la présente loi et de son règlement; d) la personne étant un organisme de bienfaisance enregistré ou une association canadienne enregistrée de sport amateur, un particulier non admissible la contrôle ou la gère directement ou indirectement, de quelque manière que ce soit, ou en est un administrateur, fiduciaire, cadre ou représentant semblable; e) la personne étant un organisme de bienfaisance enregistré ou une association canadienne enregistrée de sport amateur, elle consacre une partie de ses ressources à des activités directes ou indirectes en faveur d’un parti politique ou d’un candidat à une charge publique ou d’opposition à l’un ou à l’autre; f) la personne étant un organisme de bienfaisance enregistré, les renseignements qu’elle fournit en vue de maintenir son enregistrement contiennent un **faux énoncé**, au sens du paragraphe 163.2(1), fait dans des circonstances équivalant à une **conduite coupable**, au sens de ce paragraphe. g) [Abrogé, 2018, ch. 27, art. 20] **Suspension – non-déclaration** (2.1) Si un organisme de bienfaisance enregistré, une association canadienne enregistrée de sport amateur ou une organisation journalistique enregistrée omet d’indiquer dans une déclaration produite en vertu du paragraphe 149.1(14) ou (14.1) les renseignements qui doivent y figurer, le ministre peut, par avis envoyé en recommandé, signifier à l’organisme, l’association ou l’organisation que son pouvoir de délivrer des reçus officiels, au sens de la partie XXXV du **Règlement de l’impôt sur le revenu**, est suspendu à compter de la date qui suit de sept jours l’envoi de l’avis et ce, jusqu’à ce que le ministre avise l’organisme, l’association ou l’organisation qu’il a reçu sur le formulaire prescrit les renseignements exigés. Application for postponement Grounds for postponement [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2005, c. 19, s. 44; 2011, c. 24, s. 60; 2012, c. 19, s. 13; 2018, c. 27, s. 20; 2019, c. 29, s. 48; 2021, c. 23, s. 48. (a) the amount of the debt exceeds a) le montant qui serait payable à titre d’intérêt sur cette dette pour la période de l’année où elle était due et ne constituait pas un placement non admissible de la fondation, si un tel intérêt, calculé selon les différents taux prescrits au cours de la période, était exigible; b) le montant d’intérêt pour l’année payé sur la dette par le contribuable, au plus tard 30 jours après la fin de l’année. Intérêts sur une dette
Pour l’application de l’alinéa (1)a), l’intérêt sur une dette d’un contribuable à laquelle le paragraphe (1) s’applique (autre qu’une action ou un droit assimilé à une dette au titre du paragraphe (3)) envers une fondation privée est calculé, pour la période visée à cet alinéa, au moins élevé des taux suivants : a) les différents taux prescrits au cours de la période; b) le taux annuel d’intérêt sur une telle dette qui, compte tenu des circonstances (y compris les conditions de la dette), aurait été convenu au moment où la dette a été contractée, si le contribuable et la fondation n’avaient eu aucun lien de dépendance entre eux et si l’activité d’entreprise habituelle de la fondation consistait à prêter de l’argent; c) lorsque telle dette a été contractée avant le 22 avril 1982, un taux annuel égal à 6 % plus 2 % pour chaque année civile postérieure à 1982 et antérieure à l’année d’imposition visée au paragraphe (1). Présomption
Pour l’application du paragraphe (1), lorsqu’une action ou un droit d’acquérir une action du capital-actions d’une société détenu par une fondation privée à un moment donné de l’année d’imposition de la société était, à ce moment, un placement non admissible de la fondation, l’action ou le droit est assimilé, à ce moment, à une dette de la société envers la fondation : a) dont le montant est égal : (i) dans le cas d’une action ou d’un droit acquis pour la dernière fois avant le 22 avril 1982, au plus élevé de sa juste valeur marchande le 21 avril 1982 et de son coût indiqué pour la fondation au moment donné, (ii) dans les autres cas, à son coût indiqué pour la fondation au moment donné; Income Tax
Share substitution Impôt sur le revenu
b) qui était exigible tout au long de la période de l’année où l’action ou le droit était détenu par la fondation; c) à l’égard de laquelle le montant d’intérêt payé au cours de l’année est égal au total des montants dont chacun est un dividende reçu par la fondation à l’égard de l’action au cours de l’année. En outre, la mention, à l’alinéa (1)a), de « des différents taux prescrits au cours de la période » vaut mention de « les 2/3 des différents taux prescrits au cours de la période ». Calcul de l’intérêt sur une action
Pour l’application du paragraphe (3), lorsqu’une action ou un droit auquel ce paragraphe s’applique a été acquis pour la dernière fois avant le 22 avril 1982, la mention à ce paragraphe de « les 2/3 des différents taux prescrits au cours de la période » vaut mention de « le moindre des taux suivants : a) le taux annuel égal à 4 % plus 1 % pour chacune des 5 années civiles commençant après 1982 et se terminant avant le moment donné; b) le taux annuel égal aux 2/3 des différents taux prescrits en vigueur au cours de l’année ». Substitution d’actions
Pour l’application du paragraphe (3), lorsqu’une action ou un droit est acquis par un organisme de bienfaisance en échange d’une autre action ou d’un droit lors d’une opération postérieure au 21 avril 1982 et visée par l’article 51, 85, 85.1, 86 ou 87, cette action ou ce droit est réputé être la même action ou le même droit que celui ou celle qui lui a été substitué. Déclaration
Chaque contribuable redevable d’un impôt au titre de la présente partie (sauf un organisme de bienfaisance qui est redevable de l’impôt au titre du paragraphe 188(1)) pour une année d’imposition doit, au plus tard le jour où il est tenu de produire une déclaration de revenu ou une déclaration de renseignements en vertu de la partie I pour l’année, ou serait tenu de le faire s’il était redevable d’un impôt à payer au titre de cette partie pour l’année : a) produire auprès du ministre, sans avis ni mise en demeure, une déclaration pour l’année, selon le formulaire prescrit et contenant les renseignements prescrits; Income Tax
Revoked charity to file returns exceeds Impôt sur le revenu
b) estimer dans la déclaration le montant d’impôt qu’il doit payer au titre de la présente partie pour l’année; c) verser au receveur général le montant d’impôt qu’il doit payer au titre de la présente partie pour l’année. Déclaration (6.1) Si le statut d’organisme de bienfaisance enregistré d’un contribuable est révoqué (et si le paragraphe 188(2.1) ne s’applique pas au contribuable), le contribuable doit, sans avis ni mise en demeure et au plus tard le jour qui suit d’un an la fin de l’année d’imposition visée à l’alinéa 188(1)a) : a) présenter les documents suivants au ministre : (i) une déclaration pour l’année, selon le formulaire prescrit et contenant les renseignements prescrits, (ii) une déclaration de renseignements et une déclaration publique de renseignements pour l’année, chacune selon le formulaire prescrit pour l’application du paragraphe 149.1(14); b) estimer dans la déclaration visée au sous-alinéa a)(i) le montant d’impôt à payer en vertu du paragraphe 188(1.1) pour l’année; c) verser ce montant au receveur général. Réduction de l’impôt de révocation (6.2) Si la somme à payer par une personne au titre de l’impôt prévu au paragraphe 188(1.1) pour une année d’imposition a fait l’objet d’une cotisation au cours de la période d’un an commençant immédiatement après la fin de l’année et que cette somme excède 1 000 $ et n’a pas fait l’objet d’une nouvelle cotisation après l’expiration de cette période, le total des montants suivants est appliqué en réduction de cette somme à un moment donné : a) l’excédent éventuel du total visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le total des montants représentant chacun une somme dépensée par l’organisme pour ses activités de bienfaisance au moment donné et au cours de la période (appelée « période postérieure à la cotisation » au présent paragraphe) commençant immédiatement après l’envoi de l’avis concernant la dernière de ces cotisations et se terminant à la fin de la période d’un an, Income Tax
Provisions applicable to Part Impôt sur le revenu
(ii) le revenu de l’organisme pour la période postérieure à la cotisation, y compris les dons qu’il a reçus de toute source au cours de cette période ainsi que le revenu qui serait calculé selon l’article 3 si cette période était une année d’imposition; b) le total des montants représentant chacun une somme relative à un bien que l’organisme a transféré, avant le moment donné et au cours de la période postérieure à la cotisation, à une personne qui, au moment du transfert, était un donataire admissible relativement à l’organisme, égale à l’excédent éventuel de la juste valeur marchande du bien au moment de son transfert sur la contrepartie donnée par la personne pour le transfert. Réduction des pénalités (6.3) Si la somme à payer par une personne donnée au titre des pénalités prévues à l’article 188.1 pour une année d’imposition a fait l’objet d’une cotisation et qu’elle excède 1 000 $, est appliqué en réduction de cette somme à un moment donné le total des sommes représentant chacune une somme relative à un bien que la personne donnée a transféré, après la date à laquelle le ministre a établi la cotisation et avant le moment donné, à une autre personne qui, au moment du transfert, était un donataire admissible visé à l’alinéa 188.1(3)a) relativement à la personne donnée, égale à l’excédent de la juste valeur marchande du bien au moment de son transfert sur le total des sommes suivantes : a) la contrepartie donnée par l’autre personne pour le transfert; b) la partie de la somme relative au transfert qui a entraîné la réduction d’une somme à payer par ailleurs en vertu du paragraphe 188.1(1). Cotisation
Sans qu’il soit porté atteinte à son pouvoir de révoquer l’enregistrement d’un organisme de bienfaisance enregistré ou d’une association canadienne enregistrée de sport amateur, le ministre peut établir à l’égard d’un contribuable une cotisation concernant toute somme dont celui-ci est redevable en vertu de la présente partie. Dispositions applicables
Les paragraphes 150(2) et (3), les articles 152 et 158, le paragraphe 161(11), les articles 162 à 167 et la section J de la partie I s’appliquent, avec les adaptations nécessaires, à toute somme qui fait l’objet d’une cotisation en vertu de la présente partie, ainsi qu’à tout avis de suspension prévu aux paragraphes 188.2(1), (2) ou (2.1) comme s’il s’agissait d’un avis de cotisation établi en vertu de l’article 152. À cet égard, il est entendu que l’avis de Clarification re objections under subsection 168(4) Interest [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 188; 1994, c. 21, s. 85; 2005, c. 19, s. 46; 2010, c. 25, s. 52; 2011, c. 24, s. 61; 2018, c. 12, s. 31; 2023, c. 26, s. 57. suspension qui fait l’objet d’un nouvel examen peut être ratifiée ou annulée, mais non modifiée. Toutefois : a) l’article 162 ne s’applique pas à la déclaration à produire en vertu de l’alinéa (6.1)a); b) la mention « chef des Appels d’un bureau de district ou d’un centre fiscal » aux paragraphes 165(2) et 166.1(3) vaut mention de « sous-commissaire de la Direction générale des appels ». Précision — oppositions en vertu du par. 168(4) (8.1) En ce qui concerne l’application, avec les adaptations nécessaires, des dispositions mentionnées au paragraphe (8), il est entendu : a) d’une part, que l’avis d’opposition visé au paragraphe 168(4) ne constitue pas un avis d’opposition à l’impôt prévu au paragraphe 188.1(1); b) d’autre part, que toute question qui aurait pu faire l’objet d’un avis d’opposition en vertu du paragraphe 168(4) ne peut faire l’objet d’un appel à la Cour canadienne de l’impôt en vertu du paragraphe 169(1). Intérêts
Le paragraphe 161(11) ne s’applique pas à la somme dont un contribuable est redevable pour une année d’imposition : a) en vertu du paragraphe 188.1(1), dans la mesure où elle est réduite par l’effet du paragraphe (6.2) ou payée, avant la fin de la période d’un an commençant immédiatement après la fin de l’année d’imposition qui est réputée avoir pris fin par l’effet de l’alinéa 188(1)a); b) en vertu de l’article 188.1, dans la mesure où elle est réduite par l’effet du paragraphe (6.3) ou payée, avant la fin de la période d’un an commençant immédiatement après l’établissement de la première cotisation la concernant. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 188; 1994, ch. 21, art. 85; 2005, ch. 19, art. 46; 2010, ch. 25, art. 52; 2011, ch. 24, art. 61; 2018, ch. 12, art. 31; 2023, ch. 26, art. 57. Income Tax PART VI Tax on Capital of Financial Institutions
PART VI Tax on Capital of Financial Institutions Definitions 190 (1) For the purposes of this Part, (d) is a life insurance corporation that carries on business in Canada, or group of segregated fund policies of an insurer has the same meaning as in subsection 138(12); (groupe de polices à fonds réservé)
Impôt des institutions financières Définitions 190 (1) Les définitions qui suivent s’appliquent à la présente partie. groupe de contrats d’assurance Quant à un assureur, s’entend au sens du paragraphe 138(12). (group of insurance contracts) groupe de contrats de réassurance Quant à un assureur, s’entend au sens du paragraphe 138(12). (group of reinsurance contracts) groupe de polices à fonds réservé Quant à un assureur, s’entend au sens du paragraphe 138(12) de la Loi. (group of segregated fund policies) institution financière L’une des sociétés suivantes : a) une banque; b) une société autorisée par la législation fédérale ou provinciale à exploiter une entreprise d’offre au public de services de fiduciaire; c) une société autorisée par la législation fédérale ou provinciale à accepter du public des dépôts et qui exploite une entreprise soit de prêts d’argent garantis sur des biens immeubles ou réels, soit de placements dans des dettes garanties par des hypothèques relatives à des biens immeubles ou réels; d) une compagnie d’assurance-vie qui exploite une entreprise au Canada; e) une société dont la totalité, ou presque, des éléments d’actif sont des actions ou des dettes de sociétés visées à l’un des alinéas a) à d) ou au présent alinéa auxquelles elle est liée. (financial institution) marge sur services contractuels En ce qui concerne un groupe de contrats d’assurance d’un assureur, ou un groupe de contrats de réassurance détenus par l’assureur, à la fin d’une année d’imposition, s’entend au sens du paragraphe 138(12). (contractual service margin) obligation envers les titulaires de polices Quant à un assureur à la fin d’une année d’imposition, s’entend au sens du paragraphe 138(12). (policyholders’ liabilities) passif à long terme Passif constitué : Application of ss. 181(3) and (4) [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 190; 1994, c. 7, Sch. II, s. 156, c. 21, s. 86; 2001, c. 17, s. 222; 2013, c. 34, s. 152; 2022, c. 19, s. 45. Calculation of Capital Tax Tax payable (1.1) and (1.2) [Repealed, 2007, c. 2, s. 40] a) de titres secondaires (au sens de l’article 2 de la Loi sur les banques) émis pour une durée d’au moins cinq ans, si l’émetteur est une banque; b) de titres secondaires (au sens du paragraphe 2(1) de la Loi sur les sociétés d’assurances) émis pour une durée d’au moins cinq ans, si l’émetteur est une compagnie d’assurance; c) de titres secondaires (au sens de l’article 2 de la Loi sur les banques, compte tenu des adaptations nécessaires) émis pour une durée d’au moins cinq ans, si l’émetteur est une autre société. (long-term debt) réserves S’agissant des réserves d’une institution financière pour une année d’imposition, montant, à la fin de l’année, qui représente l’ensemble des réserves et provisions de l’institution (sauf les provisions pour dépréciation ou épuisement), y compris les réserves ou provisions pour impôts reportés. (reserves) Termes définis par règlement (1.1) Pour l’application de la présente partie, les termes actif canadien, actif total, passif de réserve canadienne, passif total de réserve et surplus attribué s’entendent au sens du règlement. Application des paragraphes 181(3) et (4)
Les paragraphes 181(3) et (4) s’appliquent à la présente partie, avec les adaptations nécessaires. [NOTE: Les dispositions d’application ne sont pas incluses dans le présent codifié; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 190; 1994, ch. 7, ann. II, art. 156, ch. 21, art. 86; 2001, ch. 17, art. 222; 2013, ch. 34, art. 152; 2022, ch. 19, art. 45. Calcul de l’impôt Impôt payable
(1.1) et (1.2) [Abrogés, 2007, ch. 2, art. 40] Deduction (c) and (d) [Repealed, 2007, c. 2, s. 40] Idem
For the purposes of this subsection and subsections 190.1(3), 190.1(5) and 190.1(6), --- Année d’imposition de moins de 51 semaines
Dans le cas où l’année d’imposition d’une société compte moins de 51 semaines, le montant déterminé selon le paragraphe (1) pour l’année relativement à la société est réduit du produit de la multiplication de ce même montant par le rapport entre le nombre de jours de l’année et 365. Déduction
Est déductible dans le calcul de l’impôt payable par une société en vertu de la présente partie pour une année d’imposition, le total des montants suivants : a) l’impôt payable par la société pour l’année en vertu des parties I et VI.2 (calculé conformément au paragraphe 191.5(9)); b) la partie, demandée en déduction par la société, de ses crédits d’impôt de la partie I inutilisés et de ses crédits de surtaxe inutilisés pour les sept années d’imposition précédentes et les trois années d’imposition suivantes. c) et d) [Abrogés, 2007, ch. 2, art. 40] Idem
Pour l’application du présent paragraphe et des paragraphes (3), (5) et (6) : a) nul montant n’est déductible en application du paragraphe (3) dans le calcul de l’impôt payable par une société en vertu de la présente partie pour une année d’imposition donnée : (i) au titre de son crédit d’impôt de la partie I inutilisé pour une autre année d’imposition tant qu’il n’a pas déduit les crédits inutilisés de la partie I inutilisés pour les années d’imposition antérieures à cette autre année qu’elle peut déduire en application de la présente partie pour l’année donnée, (ii) au titre de son crédit de surtaxe inutilisé pour une autre année d’imposition tant qu’elle n’a pas déduit les crédits de surtaxe inutilisés pour les années d’imposition antérieures à cette autre année qu’elle peut déduire en application de la partie I.3 ou de la présente partie pour l’année donnée; b) un montant n’est déductible en application du paragraphe (3) dans le calcul de l’impôt payable par une société en vertu de la présente partie pour une année d’imposition donnée : (i) au titre de son crédit d’impôt de la partie I inutilisé pour une autre année d’imposition que dans la mesure où il dépasse le total des montants exceeds Definitions
For the purposes of subsections 190.1(3), 190.1(4) and 190.1(6), exceeds (b) the amount that would, but for subsection (3), be its tax payable under this Part for the year; (crédit d’impôt de la partie I inutilisé) --- (iii) au titre de son crédit de surtaxe inutilisé pour une autre année d’imposition que dans la mesure où il dépasse le total des montants représentant chacun un montant déduit au titre de ce crédit dans le calcul de son impôt payable en vertu de la présente partie pour une année d’imposition antérieure à l’année donnée, (A) soit dans le calcul de son impôt payable en vertu de la présente partie pour une année d’imposition antérieure à l’année donnée, (B) soit dans le calcul de son impôt payable en vertu de la partie I.3 pour l’année donnée ou pour une année d’imposition antérieure à cette année; c) une somme n’est déductible en application de l’alinéa (3)b) dans le calcul de l’impôt payable par une société en vertu de la présente partie pour une année d’imposition se terminant avant le 1er juillet 2006 au titre de son crédit d’impôt de la partie I inutilisé pour une année d’imposition se terminant après cette date (appelée « année de crédit » au présent alinéa) que dans la mesure où le montant de ce crédit dépasse l’excédent éventuel de la somme visée au sous-alinéa (i) sur la somme visée au sous-alinéa (ii) : (i) la somme qui correspondrait à l’impôt payable par la société en vertu de la présente partie pour l’année du crédit si la présente partie était remplacée par sa version applicable à l’année d’imposition 2005, (ii) l’impôt payable par la société en vertu de la présente partie pour l’année du crédit. Définitions
Les définitions qui suivent s’appliquent aux paragraphes (3), (4) et (6). crédit de surtaxe inutilisé S’entend au sens du paragraphe 181.1(6). (unused surtax credit) crédit d’impôt de la partie I inutilisé Le crédit d’impôt de la partie I inutilisé d’une société pour une année d’imposition correspond à l’excédent de la somme visée à l’alinéa a) sur celle visée à l’alinéa b) : a) l’impôt payable par la société pour l’année en vertu de la partie I; (crédit de surtaxe inutilisé) exceeds (b) la somme qui, en l’absence du paragraphe (3), correspondrait à son impôt payable pour l’année en vertu de la présente partie. (unused Part I tax credit) Acquisition de contrôle
En cas d’acquisition du contrôle d’une société par une personne ou un groupe de personnes, aucun montant au titre du crédit d’impôt de la partie I inutilisé ou du crédit de surtaxe inutilisé de la société pour une année d’imposition se terminant avant le moment de l’acquisition n’est déductible par la société pour une année d’imposition se terminant après ce moment et aucun montant au titre de tels crédits pour une année d’imposition se terminant après ce moment n’est déductible par la société pour une année d’imposition se terminant avant ce moment. Toutefois : a) le crédit d’impôt de la partie I inutilisé et le crédit de surtaxe inutilisé de la société pour une année d’imposition donnée qui s’est terminée avant le moment de l’acquisition est déductible par la société pour une année d’imposition qui se termine après ce moment (appelée « année subséquente » au présent alinéa), dans la mesure de la proportion de l’impôt payable par la société en vertu de la partie I pour l’année donnée qui représente : (i) d’une part, l’excédent éventuel du total visé à la division (A) sur le total visé à la division (B) : (A) le total des montants représentant chacun : (I) son revenu en vertu de la partie I pour l’année donnée provenant d’une entreprise qu’elle exploitait à profit ou dans une attente raisonnable de profit tout au long de l’année subséquente, (II) dans le cas où des biens sont vendus, loués ou mis en valeur ou des services, rendus dans le cadre de l’exploitation de l’entreprise visée à la subdivision (I) avant le moment de l’acquisition, son revenu en vertu de la partie I pour l’année donnée provenant d’une autre entreprise dont la totalité ou la presque totalité du revenu provenait de la vente, de la location ou de la mise en valeur de biens semblables ou de la prestation de services semblables, (B) le total des montants représentant chacun un montant déduit en application des alinéas 111(1)a) ou d) dans le calcul de son revenu imposable pour l’année donnée au titre d’une perte (ii) the amount determined under subparagraph 190.1(6)(a)(i), and exceeds (ii) the amount determined under subparagraph 190.1(6)(b)(i), and [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 190.1; 1994, c. 7, Sch. VIII, s. 116; c. 21, s. 49; 1996, c. 21, s. 49; 1997, c. 25, s. 33; 1998, c. 19, s. 246; 1999, c. 22, s. 65(6); c. 26, s. 19; S.C. 2001, c. 17, s. 165; 2007, c. 2, s. 40; 2013, c. 34, s. 329; 2022, c. 19, s. 46. exceeds (ii) [Repealed, 2009, c. 2, s. 63] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 190.11; 1994, c. 7, Sch. II, s. 158; c. 2, s. 63; 2009, c. 2, s. 63. Taxable capital Capital imposable utilisé au Canada
a) dans le cas d’une institution financière autre qu’une compagnie d’assurance-vie, le produit de la multiplication de son capital imposable pour l’année par le rapport entre son actif canadien à la fin de l’année et son actif total à la fin de l’année; b) dans le cas d’une compagnie d’assurance-vie résidant au Canada à un moment de l’année, le total des montants suivants : (i) le produit de la multiplication de l’excédent éventuel du total des montants suivants : (A) son capital imposable pour l’année, (B) le montant prescrit à son égard pour l’année, sur : (C) le montant prescrit à son égard pour l’année, par le rapport entre son passif de réserve canadienne à la fin de l’année et le total des montants suivants : (D) son passif total de réserve à la fin de l’année, (E) le montant prescrit à son égard pour l’année; (ii) [Abrogé, 2009, c. 2, art. 63] c) dans le cas d’une compagnie d’assurance-vie qui n’a résidé au Canada à aucun moment de l’année, son capital imposable pour l’année. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 190.11; 1994, ch. 7, ann. II, art. 158; 2009, ch. 2, art. 63. Capital imposable
Income Tax Part VI Tax on Capital of Financial Institutions Calculation of Capital Tax Sections 190.12-190.13 Capital A + B + (0.9 × C) – (0.9 × D) – E where (ii) retained earnings, (iv) policyholders’ liabilities, Impôt sur le revenu
Calcul de l’impôt
Capital
a) dans le cas d’une institution financière, sauf une banque étrangère autorisée ou une compagnie d’assurance-vie, l’excédent éventuel du total, à la fin de l’année, des montants suivants : (i) les dettes de son passif à long terme, (ii) son capital-actions (ou, si elle est constituée sans capital-actions, l’apport de ses membres), ses bénéfices non répartis, son surplus d’apport et tout autre surplus, (iii) ses réserves, dans la mesure où elles sont déduites dans le calcul de son revenu pour l’année en vertu de la partie I, sur le total, à la fin de l’année, des montants suivants : (iv) le solde de son report débiteur d’impôt, (v) tout déficit déduit dans le calcul de l’avoir des actionnaires, y compris, à cette fin, le montant de toute provision pour le rachat d’actions privilégiées); b) dans le cas d’une compagnie d’assurance-vie résidant au Canada à un moment de l’année, la somme obtenue par la formule suivante : A + B + (0,9 × C) – (0,9 × D) – E où : A représente les dettes de son passif à long terme à la fin de l’année, B le total des éléments ci-après à la fin de l’année : (i) son capital-actions (ou, si elle est une compagnie d’assurance constituée sans capital-actions, l’apport de ses membres), (ii) ses bénéfices non répartis, (iii) son cumul des autres éléments du résultat global, (iv) ses obligations envers les titulaires de polices, (v) son surplus d’apport, Income Tax PART VI Tax on Capital of Financial Institutions Calculation of Capital Tax
(vi) any other surpluses, Impôt sur le revenu
Calcul de l’impôt
(vi) tout autre surplus, C le total des montants représentant chacun la marge sur services contractuels pour un groupe de polices d’assurance de la compagnie à la fin de l’année, sauf un groupe de polices à fonds réservé, D le total des montants représentant chacun le montant relatif à un groupe de contrats de réassurance détenus par la compagnie à la fin de l’année qui est : (i) si aucune partie de la marge sur services contractuels pour le groupe n’est à l’égard d’un risque dans le cadre d’une police à fonds réservé, la marge sur services contractuels pour le groupe, (ii) dans les autres cas, le montant qui serait la marge sur services contractuels pour le groupe si celle-ci était déterminée à l’exclusion de toute partie relative à la réassurance de risques en vertu d’une police à fonds réservé, E le déficit déduit dans le calcul de l’avoir des actionnaires (y compris, à cette fin, toute provision pour le rachat d’actions privilégiées) à la fin de l’année; c) dans le cas d’une compagnie d’assurance-vie qui était un non-résident tout au long de l’année, le total, à la fin de l’année, des montants suivants : (i) le plus élevé des montants suivants : (A) l’excédent éventuel : (I) de son fonds excédentaire résultant de l’activité, au sens du paragraphe 138(12), à la fin de l’année, calculé comme si aucun impôt n’était payable en vertu de la partie I.3 ou de la présente partie pour l’année, sur le total des montants représentant chacun : (II) un montant sur lequel elle était tenue de payer un impôt en vertu du paragraphe 219(5.2) pour une année d’imposition antérieure, autre que la partie, s’il en est, du montant sur lequel un impôt était payable ou aurait été payable par l’effet du sous-alinéa 219(4)a)(i.1), (III) un montant sur lequel elle était tenue de payer un impôt en vertu du paragraphe 219(5.1) pour l’année ainsi tenue n’était été le paragraphe 219(5.2), en raison du transfert d’une entreprise d’assurance auquel le paragraphe 138(11.5) ou 138(11.92) s’applique, et Income Tax PART VI Tax on Capital of Financial Institutions Calculation of Capital Tax Sections 190.13-190.14 (iv) [Repealed, 2009, c. 2, s. 64] (d) in the case of an authorized foreign bank, the total of [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 190.13; 1994, c. 7, Sch. II, s. 169; c. 21, s. 88; 1998, c. 19, s. 203; 2001, c. 17, s. 186; 2009, c. 2, s. 64; 2013, c. 34, s. 530; 2022, c. 19, s. 47. Impot sur le revenu
Calcul de l’impôt
transfert d’une entreprise d’assurance à laquelle s’appliquent les paragraphes 138(11.5) ou (11.92), (B) son surplus attribué pour l’année, (ii) tout autre surplus lié à ses entreprises d’assurance exploitées au Canada, (iii) les dettes de son passif à long terme qu’il est raisonnable de considérer comme liées à ses entreprises d’assurance exploitées au Canada; (iv) [Abrogé, 2009, ch. 2, art. 64] d) dans le cas d’une banque étrangère autorisée, la somme des montants suivants : (i) 10 % du total des montants représentant chacun le montant pondéré en fonction des risques, à la fin de l’année, d’un élément d’actif figurant au bilan ou d’un engagement hors bilan de la banque relativement à son entreprise bancaire canadienne, qu’elle serait tenue de déclarer aux termes des lignes directrices de BSIF sur la pondération des risques si celles-ci s’appliquaient et exigeaient une déclaration à ce moment, (ii) le total des montants représentant chacun un montant, à la fin de l’année, se rapportant à l’entreprise bancaire canadienne de la banque (sauf un montant relatif à une protection contre les pertes qui doit être déduit de fonds propres en vertu de la ligne directrice du surintendant des institutions financières sur la titrisation d’actifs, applicable à ce moment) qui, si la banque figurait à l’annexe II de la Loi sur les banques, serait à déduire, en application de la ligne directrice sur le niveau des fonds propres à risque établie par le surintendant et applicable à ce moment, des fonds propres de la banque en vue du calcul du montant de ceux-ci qui peut servir à satisfaire l’exigence du surintendant selon laquelle les fonds propres doivent correspondre à une proportion donnée des actifs et engagements pondérés en fonction des risques. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent codifié; voir les lois et règlements modificatifs pertinents.] L.R. (1985), ch. 1 (5e suppl.), art. 190.13; 1994, ch. 7, ann. II, art. 169; 1998, ch. 19, art. 203; 2001, ch. 17, art. 186; 2009, ch. 2, art. 64; 2013, ch. 34, art. 530; 2022, ch. 19, art. 47. Placement dans des institutions liées
a) dans le cas d’une société résidant au Canada à un moment de l’année, le total des montants représentant Interpretation [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 190.14; 1994, c. 7, Sch. II, s. 159; c. 21, s. 90; 2001, c. 17, s. 167. chacun la valeur comptable, à la fin de l’année, d’un de ses placements admissibles dans l’institution financière (ou, s’il s’agit d’un surplus d’apport, le montant, à la fin de l’année, d’un tel placement); b) dans le cas d’une compagnie d’assurance-vie qui a été un non-résident tout au long de l’année, le total des montants représentant chacun la valeur comptable, à la fin de l’année, d’un de ses placements admissibles dans l’institution financière (ou, s’il s’agit d’un surplus d’apport, le montant, à la fin de l’année, d’un tel placement) qu’elle a utilisé ou détenu au cours de l’année dans le cadre de l’exploitation d’une entreprise d’assurance au Canada (ou, s’il s’agit d’un surplus d’apport, qu’elle a apporté dans le cadre de l’exploitation de cette entreprise); c) dans le cas d’une société qui est une banque étrangère autorisée, le total des montants représentant chacun le montant à la fin de l’année, avant l’application du facteur de pondération des risques, qui serait à déclarer aux termes des lignes directrices de pondération des risques si celles-ci s’appliquaient et exigeaient pareil déclaration à ce moment-là, d’un de ses placements admissibles dans l’institution financière, qu’elle a utilisé ou détenu au cours de l’année dans le cadre de l’exploitation de son entreprise bancaire canadienne ou, s’il s’agit d’un placement admissible qui est un surplus d’apport de l’institution financière à la fin de l’année, le montant de ce surplus apporté par la société dans le cadre de l’exploitation de cette entreprise. Interprétation
Pour l’application du paragraphe (1), un placement admissible d’une société dans une institution financière est une action du capital-actions ou une dette du passif à long terme (et, si la société est une compagnie d’assurance, un bien non réservé au sens du paragraphe 138(12)) de l’institution financière ou tout surplus de celle-ci apporté par la société (autre qu’un montant inclus par ailleurs à titre d’action ou de dette) si l’institution financière répond aux conditions suivantes à la fin de l’année : a) elle est liée à la société; b) elle réside au Canada ou il est raisonnable de considérer qu’elle utilise le surplus ou le produit de l’action ou de la dette dans le cadre d’une entreprise qu’elle exploite par l’entremise d’un établissement stable, au sens du Règlement de l’impôt sur le revenu, au Canada. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent texte codifié; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 190.14; 1994, ch. 7, ann. II, art. 159, ch. 21, art. 90; 2001, ch. 17, art. 167. Capital deduction Idem Idem Abattement de capital
Institution financière liée
La société qui est une institution financière au cours d’une année d’imposition et qui est liée à une autre institution financière à la fin de l’année peut présenter au ministre, sur le formulaire prescrit, au nom du groupe lié dont elle est membre, un accord qui prévoit la répartition pour l’année, entre les membres du groupe lié, d’une somme n’excédant pas 1 000 000 000 $. Répartition par le ministre
Le ministre peut demander à la société qui est une institution financière au cours d’une année d’imposition et qui est liée à une autre institution financière à la fin de l’année de lui présenter l’accord visé au paragraphe (2). Si la société ne présente pas cet accord dans les 30 jours suivant la réception de la demande, le ministre peut répartir pour l’année, entre les membres du groupe lié dont la société est membre, une somme n’excédant pas 1 000 000 000 $. Idem
Pour l’application de la présente partie, le montant le moins élevé qui est attribué, pour une année d’imposition, à chaque membre d’un groupe lié selon l’accord visé au paragraphe (2) ou par le ministre conformément au paragraphe (3) représente l’abattement de capital du membre pour cette année; si aucune répartition n’est faite, l’abattement de capital de chaque membre du groupe lié est nul pour cette année. Idem
Lorsque plus d’une année d’imposition d’une société donnée se termine au cours de la même année civile et que la société est liée, au cours de chacune de ces années, à une autre société dont une des années d’imposition se termine au cours de cette année civile, l’abattement de capital de la société donnée pour chacune de ces années d’imposition à la fin desquelles elle est liée à l’autre société correspond, pour l’application de la présente partie, à son abattement de capital pour la première de ces années. Idem (b) a right referred to in paragraph 251(5)(b), R.S., 1985, c. 1 (5th Supp.), s. 190.15; 1994, c. 7, Sch. II, s. 160; S.C. 2013, c. 34, s. 331.
1996, c. 21, s. 59; 2007, c. 2, s. 42. Administrative Provisions Return R.S., 1985, c. 1 (5th Supp.), s. 190.2; 1994, c. 7, Sch. VII, s. 113. Provisions applicable to Part Provisions applicable — Crown corporations [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 190.211; 1994, c. 7, Sch. VIII, s. 114.
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 190.22; 1994, c. 7, Sch. VIII, s. 114.
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 190.23; 1994, c. 7, Sch. VIII, s. 114. PART VI.1 Definitions 191 (1) In this Part, (d) paid by a mortgage investment corporation, or (d) a mutual fund corporation, (e) a prescribed venture capital corporation, or (f) a prescribed labour-sponsored venture capital corporation, (g) a prescribed corporation, sauf si elle le verse à une société dominante à son égard ou à une personne apparentée à celle-ci au sens de l’alinéa h) de la définition d’action privilégiée imposable, au paragraphe 248(1); d) dividende que verse une société de placement hypothécaire; e) dividende sur gains en capital, au sens du paragraphe 131(1). (excluded dividend) intermédiaire financier constitué en société a) Société visée au sous-alinéa b)(ii) de la définition de régime d’épargne-retraite au paragraphe 146(1); b) société de placement; c) société de placement hypothécaire; d) société de placement à capital variable; e) société à capital de risque visée par règlement; f) société à capital de risque de travailleurs visée par règlement; sont toutefois exclues de la présente définition : g) les sociétés visées par règlement; h) la société contrôlée par une ou plusieurs sociétés — appelées « sociétés dominantes » au présent paragraphe — qui ne sont ni des intermédiaires financiers constitués en société ni des sociétés de portefeuille privées, ou pour le bénéfice de telles sociétés dominantes, sauf si la juste valeur marchande des actions du capital-actions de la société dont sont propriétaires les sociétés dominantes et les personnes qui leur sont apparentées, au sens de l’alinéa h) de la définition d’action privilégiée imposable au paragraphe 248(1), ne correspond pas à plus de 10 % de la juste valeur marchande de toutes les actions émises et en circulation de la société, la juste valeur marchande étant fixée compte non tenu des droits de vote rattachés aux actions; i) la société dans laquelle une autre société — qui n’est pas elle-même un intermédiaire financier constitué en société ou une société de portefeuille privée — et les personnes apparentées à celle-ci — au sens de l’alinéa h) de la définition d’action privilégiée imposable au paragraphe 248(1) — ne sont pas propriétaires au total d’actions du capital-actions de la société ayant une juste valeur marchande correspondant à plus de 10 % de la juste valeur marchande de toutes les actions the particular corporation having a fair market value of more than 10% of the fair market value of all of the issued and outstanding shares of the capital stock of the particular corporation (those fair market values being determined without regard to any voting rights attaching to those shares); (intermédiaire financier constitué en société) (a) a specified financial institution, émises et en circulation de la société, ces justes valeurs marchandes étant déterminées compte non tenu des droits de vote attachés aux actions. (financial intermediary corporation) société de portefeuille privée Société privée dont la seule activité consiste à investir les fonds qu’elle a; sont toutefois exclues de la présente définition : a) les institutions financières déterminées; b) la société qui est propriétaire d’actions d’une autre société dans laquelle elle a une participation importante, sauf dans le cas où cette autre société serait un intermédiaire financier constitué en société ou une société de portefeuille privée si la société n’avait pas cette participation importante, c) la société dont des actions sont la propriété d’une autre société et dans laquelle l’autre société a une participation importante, sauf dans le cas où cette autre société serait une société de portefeuille privée si elle n’avait pas cette participation importante. (private holding corporation) Participation importante
Pour l’application de la présente partie, un actionnaire a une participation importante dans une société à un moment donné si cette société est une société canadienne imposable et si, à ce moment, l’une ou l’autre des conditions suivantes est remplie : a) il est lié à la société, autrement qu’à cause d’un droit visé à l’alinéa 251(5)b); b) il est propriétaire à la fois : (i) d’actions du capital-actions de la société qui lui confèrent 25 % ou plus des droits de vote pouvant dans tous les cas être exprimés à l’assemblée annuelle des actionnaires de la société, (ii) d’actions du capital-actions de la société dont la juste valeur marchande correspond à 25 % ou plus de la juste valeur marchande de toutes les actions émises du capital-actions de la société, et : (iii) soit d’actions du capital-actions de la société — à l’exclusion des actions qui seraient des actions privilégiées imposables compte non tenu du sous-alinéa b)(iv) de la définition d’action privilégiée imposable, au paragraphe 248(1), et si elles étaient émises après le 18 juin 1987 et n’étaient pas des Idem
Notwithstanding subsection 191(2), (d) any partnership or trust, other than actions de régime transitoire — dont la juste valeur marchande correspond à 25 % ou plus de la juste valeur marchande de toutes ces actions du capital-actions de la société, (iv) soit d’actions de chaque catégorie du capital-actions de la société dont la juste valeur marchande correspond à au moins 25 % de la juste valeur marchande de toutes les actions émises de cette catégorie; pour l’application du présent alinéa, un actionnaire est réputé propriétaire à un moment donné d’une action du capital-actions d’une société dont une personne liée à l’actionnaire — autrement qu’à cause d’un droit visé à l’alinéa 251(5)b) — est propriétaire à ce moment autrement qu’à cause du présent alinéa.
Malgré le paragraphe (2): a) s’il est raisonnable de considérer que l’acquisition par une personne d’une participation qui serait une participation importante dans une société, compte tenu du présent paragraphe, a pour principal objet de restreindre l’application des parties I ou IV.1 ou de la présente partie à son égard, la personne est réputée ne pas avoir une participation importante dans la société; b) s’il est raisonnable de considérer que l’acquisition d’une action du capital-actions d’une société par une personne (appelée « acquéreur » au présent alinéa) qui, juste après l’acquisition, a une participation importante dans la société, auprès d’une autre personne qui n’avait pas de participation importante dans la société juste avant ce moment, a pour principal objet de soustraire l’acquéreur à l’application de la présente partie ou des parties I ou IV.1 ou d’en restreindre l’application à son égard quant à tout dividende sur l’action, l’acquéreur ainsi que les personnes qui lui sont apparentées (au sens de l’alinéa h) de la définition de action privilégiée imposable au paragraphe 248(1)) sont réputés ne pas avoir de participation importante dans la société quant à tout dividende versé sur l’action; c) les sociétés visées aux alinéas a) à f) de la définition d’intermédiaire financier contenue au paragraphe (1), sont réputées n’avoir une participation importante dans une autre société que si elles sont liées à cette autre société autrement qu’à cause d’un droit visé à l’alinéa 251(5)b); (B) a registered charity Deemed dividends
Where at any particular time d) les sociétés de personnes et les fiducies sont réputées ne pas avoir une participation importante dans une société, sauf s’il s’agit : (i) de sociétés de personnes dont tous les associés sont liés les uns aux autres autrement qu’à cause d’un droit visé à l’alinéa 251(5)b), (ii) de fiducies dans le cadre desquelles chacune des personnes y ayant un droit de bénéficiaire est soit un organisme de bienfaisance enregistré, soit une personne liée, autrement qu’à cause d’un droit visé à l’alinéa 251(5)b), à chacune des autres personnes, sauf les organismes de bienfaisance enregistrés, et qui, aux termes de la présente sous-alinéa, toute personne ayant ce droit de bénéficiaire dans la fiducie, auquel cas, pour l’application du présent sous-alinéa, toute personne ayant ce droit de bénéficiaire qui est la tante, l’oncle, la nièce ou le neveu d’une autre personne, est réputée être liée à cette autre personne et aux enfants et autres descendants de cette autre personne, (iii) de fiducies dans lesquelles une seule personne, autre qu’un organisme de bienfaisance enregistré, a un droit de bénéficiaire; e) l’actionnaire qui, à un moment donné, détient une action du capital-actions d’une société qui est réputée, par application de l’alinéa g) de la définition d’action privilégiée imposable ou de l’alinéa e) de la définition d’action particulière à une institution financière au paragraphe 248(1), être une action privilégiée imposable ou une action particulière à une institution financière est réputé ne pas avoir une participation importante dans la société à ce moment. Dividendes réputés
Si, à un moment donné, se produit l’un ou l’autre des cas suivants : a) une action du capital-actions d’une société est émise; b) les caractéristiques d’une telle action sont modifiées; c) une convention concernant une telle action est modifiée ou conclue, et si les caractéristiques de l’action ou cette convention indiquent un montant au titre de l’action, y compris un montant contre lequel l’action doit être rachetée, acquise ou annulée, le cas échéant, les dividendes accumulés et non versés sur l’action et, si (en application de l’alinéa a), le montant indiqué ne dépasse pas la juste valeur Income Tax
(d) for the purposes of this Part and section 187.2, be deemed to be an excluded dividend and an excepted dividend, respectively, unless (e) be deemed not to be a dividend to which subsection 112(1.2) or 138(6) applies to deny a deduction with respect to the dividend in computing the taxable income of a corporation under subsection 112(1) or 112(2) or 138(6), unless Where s. (4) does not apply exceeds the specified amount referred to in subsection (4). --- Impôt sur le revenu
marchande de la contrepartie pour laquelle l’action a été émise, et en cas d’application de l’alinéa b) ou c), le montant indiqué ne dépasse pas la juste valeur marchande de l’action immédiatement avant le moment donné, tout dividende réputé versé au rachat, à l’acquisition ou à l’annulation d’une action à laquelle le paragraphe 84(2) ou (3) s’applique : d) est réputé être un dividende exclu pour l’application de la présente partie et de l’article 187.2, sauf si : (i) en cas d’application de l’alinéa a), l’action a été émise pour une contrepartie qui comprend une action privilégiée imposable, (ii) en cas d’application de l’alinéa b) ou c), l’action était une action privilégiée imposable immédiatement avant le moment donné; e) est réputé ne pas être un dividende au titre duquel le paragraphe 112(1.2) ou 138(6) ne permet pas de déduction dans le calcul du revenu imposable de la société en application du paragraphe 112(1) ou (2) ou 138(6), sauf si : (i) en cas d’application de l’alinéa a), l’action a été émise pour une contrepartie qui comprend une action privilégiée à terme ou afin de réunir du capital ou comme partie d’une série d’opérations ou d’événements visant à réunir du capital, (ii) en cas d’application de l’alinéa b) ou c), l’action était une action privilégiée à terme immédiatement avant le moment donné ou les caractéristiques de l’action ont été modifiées, ou la convention concernant l’action a été modifiée ou conclue, afin de réunir du capital ou comme partie d’une série d’opérations ou d’événements visant à réunir du capital. Non-application du par. (4)
Le paragraphe (4) ne s’applique pas dans la mesure où le total des montants suivants dépasse le montant indiqué au paragraphe (4) : a) le montant versé au rachat, à l’acquisition ou à l’annulation de l’action; b) les montants (à l’exception des montants réputés par le paragraphe 84(4) être des dividendes) versés — après le moment donné et avant le rachat, l’acquisition ou l’annulation de l’action — à la réduction du capital versé au titre de l’action. Excluded dividend — partner A × B where [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 191; 1994, c. 7, Sch. II, s. 162; Sch. VIII, s. 115; 2013, c. 34, s. 332. (a) the total of exceeds Dividend allowance (a) $500,000 exceeds Income Tax
Total dividend allowance (a) $500,000 exceeds Dividend allowance in short years Impôt sur le revenu
et à toutes les autres sociétés canadiennes imposables avec qui chacune d’elles est associée au cours de l’année, l’exemption pour dividendes applicable à chaque société pour l’année est le montant qui lui est ainsi attribué. Exemption totale pour dividendes
Pour l’application du présent article, l’exemption totale pour dividendes applicable à un groupe de sociétés canadiennes imposables associées entre elles au cours d’une année d’imposition est l’excédent éventuel de 500 000 $ sur l’excédent éventuel du total des dividendes imposables, sauf des dividendes exclus, que ces sociétés ont versés sur des actions privilégiées imposables ou sur des actions qui en seraient telles si elles étaient émises après le 18 juin 1987 et si elles n’étaient pas des actions de régime transitoire, au cours de l’année civile qui précède celle au cours de laquelle l’année d’imposition se termine, sur 1 000 000 $. Répartition par le ministre
Si l’une des sociétés canadiennes imposables qui sont associées entre elles au cours d’une année d’imposition au cours de laquelle elles ont versé des dividendes imposables, sauf des dividendes exclus, sur des actions privilégiées imposables ne présente pas la convention visée au paragraphe (3) dans les 30 jours suivant l’avis écrit du ministre envoyé à l’une d’elles portant qu’une telle convention est nécessaire à l’établissement d’une cotisation concernant l’impôt en vertu de la présente partie, le ministre doit, pour l’application du présent article, attribuer à l’une d’elles ou répartir entre plusieurs d’entre elles pour l’année d’imposition une exemption totale pour dividendes applicable pour l’année à celles-ci et à toutes les autres sociétés avec qui chacune d’elles est associée au cours de l’année. L’exemption pour dividendes applicable à chaque société pour l’année est alors le montant qui lui est ainsi attribué. Exemption pour dividendes pour une année d’imposition de courte durée
Malgré les autres dispositions du présent article : a) l’exemption pour dividendes applicable à une société pour une année d’imposition qui compte moins de 51 semaines se réduit en proportion du nombre de jours de l’année par rapport à 365; b) dans le cas où une société canadienne imposable compte plus d’une année d’imposition se terminant au cours d’une même année civile et où elle est associée Income Tax Sections 191.1-191.2 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 191.1; 2013, c. 34, s. 333. Election Impôt sur le revenu
dans au moins deux de ces années d’imposition à une autre société canadienne imposable dont l’année d’imposition se termine au cours de cette année civile, l’exemption pour dividendes applicable à la société pour chaque année d’imposition dans laquelle elle est associée à l’autre société et qui se termine au cours de cette année civile est, sous réserve de l’application de l’alinéa a), égale à l’exemption pour dividendes qui serait applicable pour la première de ces années d’imposition si cette exemption était calculée comme ne tenant pas compte de l’alinéa a). [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R., 1985, ch. 1 (5e suppl.), art. 191.1; 2013, ch. 34, art. 333. Choix
a) soit au plus tard à la date où la société est tenue par l’article 150 de produire sa déclaration de revenu en vertu de la partie I pour l’année d’imposition au cours de laquelle des actions de la catégorie ont été émises pour la première fois ou sont devenues pour la première fois des actions privilégiées imposables; b) soit dans les six mois commençant l’un des jours suivants : (i) le jour d’envoi d’un avis de cotisation pour l’impôt payable par la société pour l’année en vertu de la présente partie ou de la partie I, (ii) si la société a signifié un avis d’opposition à une cotisation visée au sous-alinéa (i), le jour d’envoi d’un avis portant que le ministre a confirmé ou modifié la cotisation, (iii) si la société a interjeté appel d’une cotisation visée au sous-alinéa (i) à la Cour canadienne de l’impôt, le jour de mise à la poste d’une copie de la décision de la cour, adressée au contribuable, (iv) si la société a interjeté appel d’une cotisation visée au sous-alinéa (i) à la Cour d’appel fédérale ou à la Cour suprême du Canada, le jour où le jugement ou l’arrêt de la cour est rendu ou le jour où la société retire l’appel. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 191.2; 2002, c. 8, s. 184; 2010, c. 25, s. 53. pour la dernière année d’imposition de celle-ci se terminant à la fin de cette année d’imposition de la société cédante ou avant, pour l’application du sous-alinéa 191.1(1)a)(iv); c) la société cédante et la société cessionnaire sont solidairement débitrices du montant d’impôt indiqué dans la convention et de tout intérêt et de toute pénalité pouvant s’y rattacher. Contrepartie d’une convention (1.1) Pour l’application de la partie I de la présente loi, dans le cas où une société cessionnaire acquiert un bien à un moment donné en contrepartie de la conclusion d’une convention avec une société cédante qui est produite en vertu du présent article, les règles suivantes s’appliquent : a) si le bien appartenait à la société cédante immédiatement avant ce moment : (i) la société cédante est réputée avoir disposé du bien à ce moment pour un produit égal à sa juste valeur marchande à ce moment, (ii) seuls les montants découlant de l’application du sous-alinéa (i) peuvent être déduits dans le calcul du revenu de la société cédante par suite du transfert du bien; b) le coût auquel la société cessionnaire a acquis le bien à ce moment est réputé égal à la juste valeur marchande du bien à ce moment; c) la société cessionnaire n’est pas tenue d’ajouter un montant dans le calcul de son revenu du seul fait qu’elle a acquis le bien à ce moment; d) aucun avantage n’est réputé conféré à la société cessionnaire du fait qu’elle a conclu une convention produite en vertu du présent article. Présentation de la convention
La convention ou la convention modifiée entre une société cédante et une société cessionnaire, prévue au paragraphe (1), n’est considérée comme présentée au ministre que : (e) [Repealed, 1994, c. 7, Sch. II, s. 163(1)] --- a) si elle l’est sur formulaire prescrit; b) si elle l’est au plus tard à la date à laquelle la société cédante est tenue de produire sa déclaration en vertu de la présente partie pour l’année ou au cours de la période de 90 jours commençant à la date d’envoi : (i) soit d’un avis de cotisation concernant l’impôt payable en vertu de la présente partie ou de la partie I par la société cédante pour l’année ou par la société cessionnaire pour l’année d’imposition se terminant au cours de l’année civile au cours de laquelle l’année d’imposition de la société cédante se termine, (ii) soit d’un avis indiquant qu’aucun impôt n’est payable en vertu de la présente partie ou de la partie I pour une telle année d’imposition; c) si elle est accompagnée des documents suivants : (i) si les administrateurs de la société cédante ont légalement le droit de gérer les affaires de celle-ci, une copie certifiée conforme de la résolution autorisant la conclusion de la convention, (ii) si les administrateurs de la société cédante n’ont pas ce droit, une copie certifiée conforme du document dans lequel la personne qui a ce droit autorise la conclusion de la convention, (iii) si les administrateurs de la société cessionnaire ont légalement le droit de gérer les affaires de celle-ci, une copie certifiée conforme de la résolution autorisant la conclusion de la convention, (iv) si les administrateurs de la société cessionnaire n’ont pas ce droit, une copie certifiée conforme du document dans lequel la personne qui a ce droit autorise la conclusion de la convention; d) dans le cas où la convention n’est pas visée par le paragraphe (4), une convention qui la modifie n’a pas été présentée conformément au présent article. e) [Abrogé, 1994, ch. 7, ann. II, art. 163(1)] Cotisation
En cas de présentation au ministre d’une convention ou d’une convention modifiée entre une société cédante et une société cessionnaire conformément au présent article, le ministre, malgré les paragraphes 152(4) et (5), établit les cotisations et nouvelles cotisations voulues, pour rendre la convention applicable, concernant l’impôt, les intérêts et les pénalités payables par ces sociétés en vertu de la présente loi pour l’année d’imposition en cause. Information return Sociétés liées
Pour l’application de l’alinéa (1)a), le montant d’impôt indiqué dans la convention ou dans une convention modifiée est réputé nul dans le cas où une société devient, à un moment donné, liée à une autre société et où il est raisonnable de considérer, dans les circonstances, que le principal objet pour que la société devienne ainsi liée consiste à transférer à une société cessionnaire l’avantage d’une déduction visée à l’alinéa 110(1)k) par la présentation de la convention ou de la convention modifiée. Cotisation applicable à la société cédante
Le ministre peut, à tout moment, établir une cotisation pour tout montant dont la société cédante est solidairement débitrice en application de l’alinéa (1)e). La section I de la partie I s’applique à cette cotisation comme si elle était établie en application de l’article 152. Paiement par la société cédante
Dans le cas où la société cédante et la société cessionnaire sont, en application de l’alinéa (1)e), solidairement débitrices d’un montant d’impôt visé au sous-alinéa 191.1(1)a)(iv) et de tout intérêt ou pénalité s’y rattachant, les règles suivantes s’appliquent : a) tout paiement par la société cédante au titre de ce montant éteint d’autant leur obligation; b) tout paiement fait par la société cessionnaire au titre de ce montant n’éteint l’obligation de la société cédante que dans la mesure où le paiement sert à réduire le montant payable par la société cessionnaire en vertu de la présente loi à un montant inférieur à celui dont la société cédante est débitrice en application de l’alinéa (1)e). Déclaration
Provisions applicable to Part Provisions applicable — Crown corporations (NOTE: Application provisions are not included in the consolidated text: see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 191.4; 1994, c. 7, Sch. VIII, s. 116; 1998, c. 19, s. 208. PART VI.2 Canada Recovery Dividend Definition (a) a bank; (c) a financial institution (as defined in subsection 190(1)) that is related to any corporation described in paragraph (a) or (b). (membre d’un groupe de banques ou d’assureurs-vie) Tax payable
where B is Dispositions applicables
Les articles 152, 158 et 159, le paragraphe 161(11), les articles 162 à 167 ainsi que la section J de la partie I s’appliquent à la présente partie, avec les adaptations nécessaires. Disposition applicable aux sociétés d’État
L’article 27 s’applique à la présente partie, avec les modifications nécessaires. [NOTE : Les dispositions d’application ne sont pas incluses dans le texte consolidé : voir la loi et les règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 191.4; 1994, ch. 7, ann. VIII, art. 116; 1998, ch. 19, art. 208.
Dividende pour la relance au Canada Définition
membre d’un groupe de banques ou d’assureurs-vie S’entend d’une société des catégories suivantes : a) une banque; b) une société d’assurance-vie qui exerce ses activités au Canada; c) une institution financière (au sens du paragraphe 190(1)) liée à une société visée aux alinéas a) ou b). (bank or life insurer group member) Impôt à payer
Toute société qui, à un moment donné durant l’année d’imposition 2021, est membre d’un groupe de banques ou d’assureurs-vie est tenue de payer un impôt en vertu de la présente partie pour son année d’imposition 2022 correspondant à la somme obtenue par la formule suivante : 0,15 [(A × 2) – B] où : A représente le revenu imposable total de la société (ou son revenu imposable gagné au Canada, si elle est non-résidente) pour, à la fois : a) ses années d’imposition 2020, calculé en vertu de la partie I, compte non tenu des alinéas 111(1)a) et b);
For the purposes of subsection (2), b) ses années d’imposition 2021, calculé en vertu de la partie I, compte non tenu des alinéas 111(1)a) et b); B : a) si la société n’est pas liée à un autre membre d’un groupe de banques ou d’assureurs-vie à la fin de chacune de ses années d’imposition 2021, 1 000 000 000 $; b) dans les autres cas, le montant déterminé en application du paragraphe (7). Plusieurs années d’imposition 2022
Lorsqu’une société a plus d’une année d’imposition 2022, la dernière année d’imposition 2022 est visée pour l’application du paragraphe (2). Plusieurs années d’imposition 2020 et 2021
Pour l’application du paragraphe (2), a) si une société a plus d’une année d’imposition 2020 et que le nombre cumulatif de jours pour ses années d’imposition 2020 dépasse 365 jours, la somme obtenue pour la société en vertu de l’alinéa a) de l’élément A de la formule figurant au paragraphe (2) est réduite à la fraction de cette somme de ce que 365 correspond au nombre de jours cumulatifs pour toutes les années d’imposition 2020; b) si une société a plus d’une année d’imposition 2021 et que le nombre cumulatif de jours pour ses années d’imposition 2021 dépasse 365 jours, la somme obtenue pour la société en vertu de l’alinéa b) de l’élément A de la formule figurant au paragraphe (2) est réduite à la fraction de cette somme de ce que 365 correspond au nombre de jours cumulatifs pour toutes les années d’imposition 2021. Groupe lié
Pour l’application du présent article, une société visée aux alinéas a) ou b) de la définition de membre d’un groupe de banques ou d’assureurs-vie au paragraphe (1) à un moment donné d’une année d’imposition 2021 et qui est liée à un autre membre d’un groupe de banques ou d’assureurs-vie à la fin de l’année (au présent article, la société et ces membres étant appelés collectivement « groupe lié ») peut produire auprès du ministre un formulaire prescrit, accompagné du formulaire prescrit prévu au paragraphe (8), au nom du groupe lié précisant la répartition entre les membres du groupe lié pour l’année d’imposition, d’un montant qui ne dépasse pas 1 000 000 000 $. Return Instalments Administrative provisions — Part VI.2 PART VII Definition of Part VII refund (a) the total of ---
Impôt remboursable aux sociétés émettant des actions admissibles Impôt payable par la société 192 (1) Toute société doit payer en vertu de la présente partie, pour chaque année d’imposition, un impôt égal au total des montants dont chacun représente un montant désigné au paragraphe (4) sur les actions admissibles qu’elle émet au cours de l’année. Définition de remboursement de la partie VII
Dans la présente partie, remboursement de la partie VII d’une société pour une année d’imposition s’entend du moins élevé des montants suivants : a) le total des montants suivants : (i) l’excédent éventuel du crédit d’impôt à l’achat d’actions de la société pour l’année sur le montant qu’elle a déduit pour l’année en vertu du paragraphe 127.2(1) ou réputé, en application du paragraphe 127.2(2), avoir été payé au titre de son impôt payable en vertu de la partie I pour l’année ou sur le montant, (ii) le montant que la société demande, jusqu’à concurrence du montant qui représenterait, compte non tenu du passage « pour l’année ou » à l’alinéa i) de la définition de crédit d’impôt à l’investissement, au paragraphe 127(9), son crédit d’impôt à l’investissement à la fin de l’année, relativement à un bien acquis, ou à une dépense faite, après le 19 avril 1983 et au plus tard le dernier jour de l’année, b) l’impôt de la partie VII en main remboursable de la société à la fin de l’année. Définition de impôt de la partie VII en main remboursable
Dans la présente partie, l’impôt de la partie VII en main remboursable d’une société à la fin d’une année d’imposition correspond à l’excédent éventuel : a) du total des impôts qu’elle doit payer en vertu de la présente partie pour l’année et pour les années d’imposition antérieures, sur le total des montants suivants : exceeds exceeds b) le total de ces remboursements de la partie VII pour les années d’imposition antérieures; c) le total des montants dont chacun représente un montant d’impôt inclus dans le total visé à l’alinéa a) relativement à une action qui a été émise par la société et qui n’était pas, au moment de son émission, une action admissible. Montant désigné par une société canadienne imposable
Toute société canadienne imposable peut, en présentant un formulaire prescrit au ministre au plus tard le dernier jour du mois qui suit le mois de l’émission d’une action admissible de son capital-actions (à l’exclusion d’une action émise avant juillet 1983 ou après 1986 et d’une action à l’égard de laquelle la société a désigné, au plus tard ce jour-là, un montant en vertu du paragraphe 194(4)), désigner, pour l’application de la présente partie et de la partie I, un montant à l’égard de cette action ne dépassant pas 25 % de l’excédent du montant visé à l’alinéa a) sur : a) la contrepartie reçue pour l’action; b) tout montant d’aide (à l’exception d’un montant inclus dans le calcul du crédit d’impôt à l’achat d’actions d’un contribuable relativement à cette action) accordé ou devant être accordé par un gouvernement, une municipalité ou une autre administration relativement à l’action ou en vue de son acquisition. Calcul du capital versé après désignation (4.1) Lorsqu’une société a désigné un montant en vertu du paragraphe (4) à l’égard d’actions émises à un moment quelconque postérieur au 23 mai 1985, dans le calcul, à un moment donné postérieur à ce moment quelconque, du capital versé au titre de la catégorie d’actions du capital-actions de la société qui comprend ces actions : a) d’une part, doit être déduit l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le montant correspondant à l’augmentation — conséquence de l’émission de ces actions — du capital versé au titre de toutes les actions de la catégorie, calculé compte non tenu du présent paragraphe tel qu’il s’applique aux actions, (ii) l’excédent éventuel du montant total de la contrepartie de l’émission des actions sur exceeds Presumption le montant total que la société a désigné en vertu du paragraphe (4) à l’égard des actions; b) d’autre part, doit être ajouté le moindre des montants suivants : (i) l’excédent éventuel du total visé à la division (A) sur le total visé à la division (B): (A) le total des montants dont chacun représente un montant réputé, selon le paragraphe 84(3), (4) ou (4.1), être un dividende sur des actions de cette catégorie versé par la société après le 23 mai 1985 et avant le moment donné, (B) le total calculé selon la division (A), compte non tenu de l’alinéa a), (ii) le total des montants dont chacun représente un montant à déduire selon l’alinéa a) dans le calcul du capital versé au titre de cette catégorie d’actions après le 23 mai 1985 et avant le moment donné. Présomption
Pour l’application de la présente loi, le remboursement de la partie VII d’une société pour une année d’imposition est réputé être un montant payé au titre de son impôt en vertu de la présente partie au dernier jour du deuxième mois suivant la fin de l’année. Définition d’action admissible
Pour l’application de la présente partie, action admissible, à un moment donné, s’entend d’une action désignée par règlement, du capital-actions d’une société canadienne imposable, émise après le 22 mai 1985 et avant 1987. Effet d’une obligation d’acquérir des actions
Pour établir en vertu de l’article 251 si une société et une autre personne ont un lien de dépendance dans le cadre des dispositions réglementaires prises en application du paragraphe (6), la personne qui a une obligation contractuelle, en equity ou autre — immédiate ou future, absolue ou conditionnelle — d’acquérir des actions d’une société est réputée être dans la même position quant au contrôle de la société que si les actions lui appartenaient. Désignation tardive
Lorsqu’une société canadienne imposable qui a émis une action de son capital-actions ne désigne pas un montant relatif à l’action en vertu du paragraphe (4) au plus tard à la date où cette désignation devait être effectuée en application de ce paragraphe, la société est réputée avoir effectué la désignation à cette date si : a) d’une part, elle a présenté au ministre une déclaration de renseignements prescrite concernant le crédit d’impôt à l’achat d’actions à l’égard de l’action dans le délai où elle aurait été tenue de présenter la déclaration si elle avait fait la désignation à cette date; b) d’autre part, la société, à dans les 3 ans qui suivent cette date : (i) désigné un montant relativement à l’action en présentant le formulaire prescrit au ministre, (ii) payé au receveur général, au moment de la présentation du formulaire prescrit visé au sous-alinéa (i), un montant qui constitue une estimation raisonnable de la pénalité que la société doit payer pour la désignation tardive relative à l’action; toutefois, lorsque le ministre a envoyé un avis par poste à la société pour lui indiquer qu’aucune désignation n’a été faite à l’égard de l’action en vertu du paragraphe (4), la société doit effectuer la désignation et le paiement visés à l’alinéa b) au plus tard 90 jours après la mise à la poste de l’avis. Pénalité pour désignation tardive
Lorsque, conformément au paragraphe (8), une société a effectué une désignation tardive relativement à une action émise au cours d’un mois, la société doit payer, pour chaque mois ou fraction de mois qui s’écoule au cours de la période commençant le dernier jour où la désignation aurait pu être faite par la société en vertu du paragraphe (4) relativement à l’action et finissant le jour de la désignation tardive, une pénalité pour désignation tardive relativement à l’action égale à 1 % du montant désigné relativement à l’action; la pénalité maximale que doit payer la société en vertu du présent paragraphe pour un mois ne peut toutefois dépasser 500 $. Déduction réputée
Pour l’application de la présente loi, à l’exception de la définition de crédit d’impôt à l’investissement au paragraphe 127(9), le montant dont un contribuable demande le remboursement en vertu du sous-alinéa (2)a)(ii) pour une année d’imposition est réputé avoir été déduit par lui en vertu du paragraphe 127(5) pour l’année.
Lorsque, à un moment donné, une société a désigné un montant en vertu du paragraphe (4) à l’égard d’une Corporation to file return Interest Idem Production d’une déclaration 193 (1) Toute société qui est tenue de payer de l’impôt en vertu de la présente partie pour une année d’imposition doit, dans le délai qui lui est accordé pour produire sa déclaration de revenu en vertu de la partie I pour l’année, produire auprès du ministre une déclaration pour l’année, selon le formulaire prescrit, en application de la présente partie. Paiement au titre de l’impôt
Lorsque, au cours d’un mois donné d’une année d’imposition, une société émet une action à l’égard de laquelle elle désigne un montant en vertu de l’article 192, elle doit, au plus tard le dernier jour du mois qui suit le mois donné, payer au receveur général au titre de son impôt payable en vertu de la présente partie pour l’année un montant égal au total des montants désignés. Intérêts
Une société qui n’a pas payé tout ou partie d’un acompte provisionnel ou de l’impôt dont elle est redevable en vertu de la présente partie, au plus tard à la date où cet acompte ou cet impôt devait être payé, doit verser au receveur général des intérêts sur le montant qu’elle n’a pas payé, calculés au taux prescrit pour la période allant de la date où ce montant devait être payé jusqu’à la date du paiement. Idem
Pour le calcul des intérêts payables par une société en vertu du paragraphe (3) pour un ou plusieurs mois de la période commençant le premier jour d’une année d’imposition et se terminant deux mois après le dernier jour de l’année, période au cours de laquelle la société a désigné un montant en vertu de l’article 192 à l’égard d’une action qu’elle a émise au cours du mois donné de l’année, la société est réputée avoir été redevable, au plus tard le dernier jour du mois qui suit le mois donné, d’un acompte provisionnel ou d’une fraction d’impôt pour l’année, égal au produit de la multiplication de l’excédent éventuel de son impôt payable en vertu de la présente partie pour l’année sur son remboursement de la partie VII pour l’année par le rapport entre a) d’une part, le total des montants désignés par elle en vertu de l’article 192 relativement aux actions émises par elle au cours du mois donné; Income Tax
Evasion of tax Impôt sur le revenu
b) d’autre part, le total des montants désignés par elle en vertu de l’article 192 relativement aux actions émises par elle au cours de l’année. Évasion fiscale
Lorsqu’une société tenue de payer de l’impôt en vertu de la présente partie, relativement à une action qu’elle a émise sciemment, de manière quelconque, élude ou tente d’éluder le paiement de l’impôt et lorsque l’acheteur de l’action ou, lorsque l’acheteur est une société de personnes, un associé de la société de personnes savait ou aurait dû savoir, au moment où l’action a été acquise, que la société, sciemment, éluderait ou tenterait d’éluder l’impôt, l’action est réputée, pour l’application de l’article 127.2, ne pas avoir été acquise. Étalement indu
Lorsque, dans le cadre d’une opération ou d’une série d’opérations, un contribuable acquiert une action d’une société qu’il contrôle (au sens du paragraphe 186(2)) et qu’il est raisonnable de considérer que l’un des principaux motifs de l’acquisition était d’éviter ou de réduire un intérêt sur un montant de l’impôt payable par le contribuable en vertu de la présente partie, l’action est réputée, pour l’application de l’article 127.2 et de la présente partie (sauf le présent paragraphe), ne pas avoir été acquise par le contribuable et ne pas avoir été émise par la société jusqu’à la fin de cette période. Évitement fiscal
Lorsque, dans le cadre d’une série d’opérations ou d’événements, il est raisonnable de considérer qu’un des principaux motifs était d’éviter de payer de l’impôt qui autrement aurait été ou deviendrait payable en vertu de la partie II par une société, une société donnée a émis une action au cours d’une année d’imposition à l’égard de laquelle elle a désigné un montant en vertu du paragraphe 192(4), la société donnée doit, au plus tard le dernier jour du deuxième mois suivant la fin de l’année, payer un impôt en vertu de la présente partie pour l’année égal à 125 % du montant d’impôt prévu à la partie II et qui est ou qui peut être évité à la suite de la série d’opérations ou d’événements. Impôt sur l’excédent (7.1) Lorsque, au cours d’une année d’imposition, une société exerce un choix en vertu du paragraphe 127.2(10) à l’égard d’une action distribuée dans le cadre de l’opération visée à ce paragraphe, et que, à la fin de cette année ou d’une année d’imposition ultérieure : a) le total des montants désignés en vertu du paragraphe 192(4) à l’égard de ces actions, tel qu’établi par les déclarations de renseignements prescrites qu’un exceeds Provisions applicable to Part Note: Applicable provisions are not included in the consolidated text; see relevant amending Acts and regulations: 1970-71-72, c. 63, s. 1 “193”; 1977-78, c. 1, s. 88; 1984, c. 1, ss. 86, 45, 81; 1985, c. 45, ss. 102, 126(f); 1986, c. 6, s. 102. PART VIII Definition of Part VIII refund a) the total of contribuable, autre que la société, à présentées au ministre, comme l’exige le règlement, excède : b) le total des montants désignés en vertu du paragraphe 192(4) à l’égard des actions acquises par cette personne et à l’égard desquelles un autre contribuable était tenu par règlement de lui fournir une déclaration de renseignements prescrite se rapportant à la désignation prévue à ce paragraphe, le contribuable est tenu de payer un impôt en vertu de la présente partie pour l’année d’imposition à la fin de laquelle il y a un tel excédent qui correspond au montant de l’excédent, lequel impôt doit être payé au receveur général dans les 60 jours suivant la fin de l’année d’imposition; cet excédent doit être inclus dans le calcul du total visé à l’alinéa b) pour toute année d’imposition du contribuable qui suit cette année. Dispositions applicables
Les articles 151, 152, 158 et 159, le paragraphe 161(11), les articles 162 à 167 et la section J de la partie I s’appliquent à la présente partie, avec les adaptations nécessaires. Note : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés : 1970-71-72, ch. 63, art. 1 « 193 »; 1977-78, ch. 1, art. 88; 1984, ch. 1, art. 86, 45, 81; 1985, ch. 45, art. 102, 126f); 1986, ch. 6, art. 102.
Impôt sur les sociétés remboursable au titre du crédit d’impôt pour des activités de recherche scientifique et de développement expérimental Impôt payable par une société 194 (1) Toute société doit payer en vertu de la présente partie, pour une année d’imposition, un impôt égal à 50 % du total des montants désignés en vertu du paragraphe (4) à l’égard d’une action émise ou d’une créance émise par elle ou d’un droit consenti au cours de l’année. Définition de remboursement de la partie VIII
Dans la présente partie, remboursement de la partie VIII d’une société pour une année d’imposition s’entend d’un montant égal au moins élevé des montants suivants : a) le total des montants suivants : Income Tax
Impôt sur le revenu
l’excédent éventuel du crédit d’impôt pour des activités de recherche scientifique et de développement expérimental de la société pour l’année sur le montant déduit par cette dernière en vertu du paragraphe 127.3(1), de son impôt pour l’année payable par ailleurs en vertu de la partie I, (iii) le montant que la société peut demander, jusqu’à concurrence de 50 % du montant de l’excédent éventuel : (A) de l’ensemble des dépenses faites par la société au cours de l’année ou de l’année d’imposition précédente, après le 19 avril 1983, dont chacune représente une dépense (à l’exclusion d’une dépense visée par règlement pour l’application de la définition de dépense admissible au paragraphe 127(9)) déduite en vertu de l’alinéa 37(1)a) ou b), dans la mesure où la société a précisé cette dépense dans sa déclaration de revenu produite en vertu de la partie I pour l’année, sur le total des montants suivants : (B) des dépenses engagées par la société au cours de l’année d’imposition précédente dans la mesure où cette dépense a été comprise dans le calcul du total visé à la division (A) et a donné lieu à : (I) un remboursement à la société en vertu de la présente partie pour l’année d’imposition précédente, (II) une déduction par la société en vertu du paragraphe 37(1) pour l’année d’imposition précédente, (III) une déduction par la société en vertu du paragraphe 127(5) pour une année d’imposition quelconque, (C) le double de la fraction du total des montants dont chacun représente un montant que la société déduit dans le calcul de son revenu pour l’année ou pour l’année d’imposition précédente en application de l’article 37.1 et qui peut raisonnablement être considéré comme se rapportant à des dépenses comprises dans le calcul du total visé à la division (A), b) l’impôt de la partie VIII en main remboursable de la société à la fin de l’année. Definitions
In this Part, exceeds (b) the total of its Part VIII refunds for all preceding taxation years. (impôt de la partie VIII en main remboursable) exceeds Définitions
Les définitions qui suivent s’appliquent à la présente partie. créance S’entend au sens de l’alinéa d) de l’élément A de la formule figurant à la définition de crédit d’impôt pour des activités de recherche scientifique et de développement expérimental, au paragraphe 127.3(2). (debt obligation) impôt de la partie VIII en main remboursable L’impôt de la partie VIII en main remboursable d’une société à la fin de l’année d’imposition correspond au montant de l’excédent éventuel du total visé à l’alinéa a) sur le total visé à l’alinéa b): a) le total des impôts payables par cette société en vertu de la présente partie pour l’année et les années d’imposition antérieures; b) le total de ses remboursements de la partie VIII pour les années d’imposition antérieures. (refundable Part VIII tax on hand) Désignation de montant impossible
Toute société canadienne imposable peut, par présentation au ministre d’un formulaire prescrit au plus tard le dernier jour du mois suivant le mois où elle a émis une action ou une créance ou accordé un droit en vertu d’un contrat de financement pour des activités de recherche scientifique et de développement expérimental (autre qu’une action, une créance émise ou un droit accordé avant octobre 1983 ou une action à l’égard de laquelle la société a, avant ou au plus tard à ce jour, désigné un montant en vertu du paragraphe 192(4)) désigner, pour l’application de la présente partie et de la partie I, un montant à l’égard de cette action, de cette créance ou de ce droit, jusqu’à concurrence de l’excédent éventuel visé à l’alinéa a) sur le montant visé à l’alinéa b): a) la valeur de la contrepartie pour laquelle l’action ou la créance a été émise, ou le droit accordé, selon le cas; b) dans le cas d’une action, le montant de toute aide (à l’exclusion d’un montant inclus dans le calcul du crédit d’impôt pour des activités de recherche scientifique et de développement expérimental d’un contribuable relativement à cette action) fournie, ou devant être fournie, par un gouvernement, une municipalité ou une autre administration en ce qui concerne l’acquisition de celle-ci. exceeds exceeds Calcul du capital versé après désignation (4.1) Lorsqu’une société a désigné un montant en vertu du paragraphe (4) à l’égard d’actions émises à un moment quelconque postérieur au 23 mai 1985, dans le calcul, à un moment donné postérieur à ce moment de ce calcul, du capital versé au titre de la catégorie d’actions du capital-actions de la société qui comprend ces actions : a) d’une part, doit être déduit l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le montant correspondant à l’augmentation — conséquence de l’émission de ces actions — du capital versé au titre de toutes les actions de la catégorie, calculée compte non tenu du présent paragraphe tel qu’il s’applique aux actions, (ii) l’excédent éventuel du montant total correspondant à la contrepartie de l’émission des actions sur la moitié du montant que la société a désigné en vertu du paragraphe (4) à l’égard des actions; b) d’autre part, doit être ajoutée le moindre des montants suivants : (i) l’excédent éventuel du total visé à la division (A) sur le total visé à la division (B) : (A) le total des montants dont chacun représente un montant réputé, selon le paragraphe 84(3), (4) ou (4.1), être un dividende sur des actions de cette catégorie versé par la société après le 23 mai 1985 et avant le moment donné, (B) le total calculé selon la division (A), compte non tenu de l’alinéa a), (ii) le total des montants dont chacun représente un montant à déduire selon l’alinéa a) dans le calcul du capital versé au titre de la catégorie d’actions après le 23 mai 1985 et avant le moment donné. Désignation exclue (4.2) Malgré le paragraphe (4), aucun montant ne peut être désigné par une société : a) au titre d’une action que la société émet après le 10 octobre 1984, à l’exclusion d’une action admissible : (i) émise avant le 23 mai 1985, Presumption (iii) émise après le 22 mai 1985 et avant 1986 : (A) soit aux termes d’une convention écrite et conclue par la société avant le 23 mai 1985, autrement que conformément à une option d’achat de l’action si cette option n’a pas été levée avant le 23 mai 1985, (B) soit dans le cadre d’un appel public légal à l’épargne conforme à un prospectus, à un prospectus préliminaire ou à une déclaration d’enregistrement, produit avant le 24 mai 1985 auprès d’une administration du Canada suivant la législation fédérale ou provinciale sur les valeurs mobilières et, si la loi le prévoit, accepté par une telle administration; b) au titre d’une action ou créance émise par la société après le 10 octobre 1984 ou d’un droit consenti par la société après cette date, à l’exclusion d’une action ou créance émise avant 1986 ou d’un droit consenti avant 1986 : (i) soit aux termes d’une convention écrite et conclue par la société avant le 11 octobre 1984, autrement que conformément à une option d’achat de l’action, de la créance ou du droit si cette option n’a pas été levée avant le 11 octobre 1984, (ii) soit conformément à des arrangements écrits et de fait avancés avant le 10 octobre 1984 concernant l’émission de l’action ou de la créance ou l’octroi du droit; c) au titre d’une action ou créance émise ou d’un droit consenti à un moment postérieur au 15 juin 1984, par une société qui est une société exclue (au sens du paragraphe 127.1(2)) à ce moment. Présomption
Pour l’application de la présente loi, le remboursement de la partie VIII d’une société pour une année d’imposition est réputé être un montant payé au titre de son impôt en vertu de la présente partie au dernier jour du deuxième mois suivant la fin de l’année. Définition de contrat de financement pour des activités de recherche scientifique et de développement expérimental
Pour l’application de la présente partie, contrat de financement pour des activités de recherche scientifique et de développement expérimental s’entend d’un contrat écrit en vertu duquel une personne verse une somme à une société en contrepartie de l’octroi, par celle-ci à cette personne, d’un droit quelconque, absolu ou éventuel, de recevoir un revenu autre que des intérêts ou des dividendes. Désignation tardive
Lorsqu’une société canadienne imposable qui a émis une action ou une créance ou accordé un droit en vertu d’un contrat de financement pour des activités de recherche scientifique et de développement expérimental ne désigne pas un montant en vertu du paragraphe (4) à l’égard de cette action, cette créance ou ce droit au plus tard à la date où cette désignation devait être effectuée en application de ce paragraphe, la société est réputée avoir effectué la désignation à cette date si a) d’une part, elle a présenté au ministre la déclaration de renseignements prescrite se rapportant au crédit d’impôt pour des activités de recherche scientifique et de développement expérimental à l’égard de l’action, de la créance ou du droit dans la période au cours de laquelle elle aurait dû présenter la déclaration si la désignation avait été effectuée à cette date; b) d’autre part, elle, dans les 3 ans suivant cette date (i) désigne un montant à l’égard de l’action, de la créance ou du droit en présentant le formulaire prescrit au ministre, (ii) payé au receveur général, à la date de la présentation du formulaire prescrit visé au sous-alinéa (i), un montant qui représente une estimation raisonnable de la pénalité que la société doit payer pour la désignation tardive à l’égard de l’action, de la créance ou du droit; toutefois, si le ministre a envoyé par la poste à la société un avis l’informant qu’elle n’a pas désigné un montant à l’égard de l’action, de la créance ou du droit en vertu du paragraphe (4), la désignation et le paiement prévus à l’alinéa b) doivent être faits par la société au plus tard 90 jours suivant la date de la mise à la poste de cet avis. Pénalité pour désignation tardive
Lorsque, conformément au paragraphe (7), une société a effectué une désignation tardive à l’égard d’une action ou d’une créance émise, ou d’un droit accordé, au cours d’un mois, la société doit payer, pour chaque mois ou fraction de mois qui s’écoule au cours de la période commençant le dernier jour du délai de désignation par la société en vertu du paragraphe (4) à l’égard de l’action, de la créance ou du droit, et finissant le jour de la désignation tardive, une pénalité pour la désignation tardive à l’égard de l’action, de la créance ou du droit d’un montant égal à 1 % du montant désigné à l’égard de l’action, de la créance ou du droit; la pénalité Corporation to file return Interest Idem Evasion of tax impôt payable en vertu de la présente partie pour l’année sur son remboursement de la partie VIII pour l’année par le rapport entre : a) d’une part, le total des montants désignés par elle en vertu de l’article 194 à l’égard d’actions ou de créances émises ou de droits accordés par elle au cours du mois donné; b) d’autre part, le total des montants désignés par elle en vertu de l’article 194 à l’égard d’actions ou de créances émises ou de droits accordés par elle au cours de l’année. Évasion fiscale
Lorsqu’une société tenue de payer de l’impôt en vertu de la présente partie, à l’égard d’une action ou d’une créance qu’elle a émise, ou d’un droit qu’elle a accordé, sciemment, d’une manière quelconque, élude ou tente d’éluder le paiement de l’impôt et lorsque l’acheteur de l’action, de la créance ou du droit, ou lorsque l’acheteur est une société de personnes, un associé de la société de personnes savait ou aurait dû savoir, au moment où il a acquis l’action, la créance ou le droit, que la société éluderait, d’une intention délibérée, le paiement de l’impôt, l’action, la créance ou le droit est réputé, pour l’application de l’article 127.3, ne pas avoir été acquis. Étalement indu
Lorsque, dans le cadre d’une opération ou d’une série d’opérations, un contribuable acquiert une action ou une créance d’une société qu’il contrôle (au sens du paragraphe 186(2)), ou un droit qu’elle lui accorde, et qu’il est raisonnable de considérer que l’un des principaux motifs de l’acquisition était de réduire pour une période l’intérêt sur un montant d’impôt payable en vertu de la présente partie, l’action, la créance ou le droit est réputé, pour l’application de la présente partie (sauf le présent paragraphe) et de l’article 127.3, ne pas avoir été acquis par le contribuable ou ne pas avoir été émis ou accordé, selon le cas, par la société jusqu’à la fin de cette période. Évitement fiscal
Lorsque, dans le cadre d’une série d’opérations ou d’événements, il est raisonnable de considérer qu’un des principaux motifs était d’éviter de payer de l’impôt qui autrement aurait été devenu payable en vertu de la partie II de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, par une société, une société donnée a émis une action ou une créance ou a accordé un droit au cours d’une année d’imposition et à l’égard de laquelle elle a désigné un montant en vertu du paragraphe 194(4), la société donnée doit, au plus tard le dernier jour du deuxième mois suivant la fin de l’année, Provisions applicable to Part [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: 1970-71-72, c. 63, s. 119(5); 1977-78, c. 1, s. 88; 1984, c. 1, s. 95, c. 45, s. 83; 1988, c. 45, s. 106; 1989, c. 6, s. 104, c. 24, s. 1.] payer un impôt en vertu de la présente partie pour l’année égale à 125 % du montant d’impôt prévu à la partie II de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, et qui est ou qui peut être évité à la suite de la série d’opérations ou d’événements. Impôt sur l’excédent (7.1) Lorsque, au cours d’une année d’imposition, une société exerce un choix en vertu du paragraphe 127.3(9) à l’égard de toute action ou créance faisant partie de la répartition visée à ce paragraphe, et que, à la fin de cette année ou d’une année d’imposition ultérieure : a) le total des montants désignés en vertu du paragraphe 194(4) à l’égard de ces actions ou de ces créances, tel qu’établi par les déclarations de renseignements prescrites qu’un contribuable, autre que la société, a présentées au ministre, comme l’exige le règlement, excède : b) le total des montants désignés en vertu du paragraphe 194(4) à l’égard des actions ou créances acquises par le contribuable et à l’égard desquelles un autre contribuable était tenu, en vertu du règlement, de fournir une déclaration de renseignements prescrite se rapportant à une désignation visée à ce paragraphe, le contribuable est tenu de payer un impôt en vertu de la présente partie pour l’année d’imposition à la fin de laquelle il y a un tel excédent égal à 50 % de l’excédent. Lequel impôt doit être payé au receveur général dans les 60 jours suivant la fin de l’année d’imposition; cet excédent doit être inclus dans le calcul du total visé à l’alinéa b) pour l’année d’imposition du contribuable qui suit cette année. Dispositions applicables
Les articles 151, 152, 158 et 159, le paragraphe 161(11), les articles 162 à 167 (à l’exception des paragraphes 164(1.1) à (1.3)) et la section J de la partie I s’appliquent à la présente partie, avec les adaptations nécessaires. Il est entendu que le ministre peut établir, avant la fin d’une année d’imposition, une cotisation pour un montant payable en vertu de la présente partie pour l’année. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés : 1970-71-72, ch. 63, par. 119(5); 1977-78, ch. 1, art. 88; 1984, ch. 1, art. 95, ch. 45, art. 83; 1988, ch. 45, art. 106; 1989, ch. 6, art. 104, ch. 24, art. 1.] PART IX Return Instalments Provisions applicable to Part R.S., 1985, c. 1 (5th Supp.), s. 196; 2003, c. 15, s. 123.
Impôt sur la déduction visée à l’article 66.5 Impôt payable 196 (1) Toute société doit payer, pour chaque année d’imposition, un impôt en vertu de la présente partie qui correspond à 30 % du montant qu’elle déduit selon le paragraphe 66.5(1) dans le calcul de son revenu pour l’année. Déclaration
La société qui est redevable de l’impôt prévu par la présente partie pour une année d’imposition doit produire auprès du ministre une déclaration en vertu de la présente partie pour l’année, au plus tard à la date où elle est tenue, en vertu de l’article 150, de produire sa déclaration de revenu en vertu de la partie I pour l’année. Cette déclaration doit être produite selon le formulaire prescrit et contenir une estimation de l’impôt payable par la société en vertu de la présente partie pour l’année. Acomptes provisionnels
La société qui est redevable de l’impôt prévu par la présente partie pour une année d’imposition doit payer au receveur général pour l’année : a) d’une part, 1/12 de son impôt payable en vertu de la présente partie pour l’année, le dernier jour, au plus tard, de chaque mois de l’année; b) d’autre part, le solde éventuel de son impôt payable en vertu de la présente partie pour l’année, au plus tard à la date d’exigibilité du solde qui lui est applicable pour l’année. Dispositions applicables
Les articles 152, 158 et 159, les paragraphes 161(1) et (2), les articles 162 à 167 et la section J de la partie I s’appliquent à la présente partie, avec les adaptations nécessaires. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.]
R. (1985), ch. 1 (5e suppl.), art. 196; 2003, ch. 15, art. 123. Income Tax
PART IX.1 Definitions exceeds (c) the partnership holds one or more non-portfolio properties. (société de personnes intermédiaire de placement déterminée) --- Impôt sur le revenu
Impôt des sociétés de personnes intermédiaires de placement déterminées Définitions 197 (1) Les définitions qui suivent s’appliquent à la présente partie et à l’article 96. gains hors portefeuille Les gains hors portefeuille d’une société de personnes intermédiaire de placement déterminée pour une année d’imposition correspondent au total des sommes suivantes : a) l’excédent éventuel de la somme visée au sous-alinéa (i) sur la somme visée au sous-alinéa (ii) : (i) le total des sommes représentant chacune le revenu de la société de personnes pour l’année provenant soit d’une entreprise qu’elle exploite au Canada, soit d’un bien hors portefeuille, à l’exception du revenu qui est un dividende imposable qu’elle a reçu, (ii) le total des sommes représentant chacune la perte de la société de personnes pour l’année résultant soit d’une entreprise qu’elle exploite au Canada, soit d’un bien hors portefeuille; b) l’excédent éventuel des gains en capital imposables de la société de personnes provenant de la disposition au cours de l’année de biens hors portefeuille sur le total des pertes en capital déductibles pour l’année résultant de la disposition au cours de l’année de biens hors portefeuille. (non-portfolio earnings) gains hors portefeuille imposables Les gains hors portefeuille imposables d’une société de personnes intermédiaire de placement déterminée pour une année d’imposition correspondent à la moins élevée des sommes suivantes : a) la somme qui correspondrait à son revenu pour l’année, déterminé selon l’article 3, si elle était un contribuable pour l’application de la partie I et si le paragraphe 96(1) s’appliquait compte tenu de son alinéa d); b) ses gains hors portefeuille pour l’année. (taxable non-portfolio earnings) société de personnes intermédiaire de placement déterminée S’entend d’une société de personnes intermédiaire de placement déterminée pour une année d’imposition. (gains hors portefeuille imposables) A × (B + C) where Ordering Authority to file return société de personnes, sauf celle qui est une filiale exclue (au sens du paragraphe 122.1(1)) pour l’année, qui répond aux conditions suivantes au cours de l’année : a) elle est une société de personnes résidant au Canada; b) les placements, au sens du paragraphe 122.1(1), qui y sont faits sont cotés ou négociés sur une bourse de valeurs ou un autre marché public; c) elle détient un ou plusieurs biens hors portefeuille. (SIFT partnership) Impôt sur le revenu d’une société de personnes
Toute société de personnes qui est une société de personnes intermédiaire de placement déterminée pour une année d’imposition est redevable, en vertu de la présente partie, d’un impôt égal à la somme obtenue par la formule suivante : A × (B + C) où : A représente ses gains hors portefeuille imposables pour l’année; B le taux net d’imposition du revenu des sociétés qui lui est applicable pour l’année; C le taux d’imposition provincial des EIPD applicable à la société de personnes pour l’année. Ordre d’application
La présente partie et l’article 122.1 s’appliquent comme non tenu du paragraphe 96(1.11). Déclaration
Chacun des associés d’une société de personnes redevable de l’impôt prévu par la présente partie pour une année d’imposition est tenu de présenter au ministre, au plus tard à la date limite de déclaration concernant la société de personnes prévue par le paragraphe 229 des termes de l’article 229 du Règlement de l’impôt sur le revenu, une déclaration en vertu de la présente partie pour l’année, sur le formulaire prescrit et contenant une estimation de l’impôt à payer de la société de personnes pour l’année en vertu de la présente partie. Production de la déclaration
Pour l’application du paragraphe (4), lorsque l’un des associés d’une société de personnes a le pouvoir d’agir au nom de celle-ci relativement à une année d’imposition, la société de personnes, les règles suivantes s’appliquent : Provisions applicable to Part Payment (a) 2011, and a) si l’associé en cause a produit une déclaration en conformité avec la présente partie pour une année d’imposition, chaque autre personne qui était l’associé de la société de personnes au cours de l’année est réputée avoir produit la déclaration; b) la déclaration produite par tout autre associé de la société de personnes pour l’année n’est pas valide et est réputée ne pas avoir été produite par un associé de la société de personnes. Dispositions applicables
Le paragraphe 150(2), l’article 152, les paragraphes 157(1), (2.1) et (4), les articles 158, 159 et 161 à 167 et la section J de la partie I s’appliquent à la présente partie, avec les adaptations nécessaires. Par ailleurs, il est précisé ce qui suit : a) l’avis de cotisation mentionné au paragraphe 152(2) concernant l’impôt à payer en vertu de la présente partie est valide malgré le fait qu’une société de personnes ne soit pas une personne; b) malgré le paragraphe 152(4), le ministre, en tout temps, peut établir une cotisation ou une nouvelle cotisation concernant l’impôt à payer en vertu de la présente partie ou de la partie I, y compris celle concernant l’impôt à payer en vertu de la partie I relativement à la disposition d’une participation dans une société de personnes intermédiaire de placement déterminée par un associé de celle-ci. Paiement
Toute société de personnes intermédiaire de placement déterminée est tenue de payer au receveur général, au plus tard à la date d’échéance du solde qui lui est applicable pour chaque année d’imposition, son impôt à payer pour l’année en vertu de la présente partie. Application de la définition de société de personnes intermédiaire de placement déterminée
La définition de société de personnes intermédiaire de placement déterminée s’applique à une société de personnes pour ses années d’imposition se terminant après 2006. Toutefois, dans le cas où la société de personnes aurait été une société de personnes intermédiaire de placement déterminée le 31 octobre 2006 si cette définition avait été en vigueur et s’était appliquée à la société de personnes à cette date, cette définition ne s’applique pas à la société de personnes pour ses années d’imposition qui se terminent avant 2011 ou, si est antérieur, avant le jour après le 15 décembre 2006 où sa croissance excède ce qui constitue une Income Tax Sections 197-198 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2007, c. 29, s. 24; 2008, c. 28, s. 30; 2009, c. 2, s. 65; 2013, c. 40, s. 72. PART X (a) acquires a non-qualified investment, or (d) the property used as security at the time it commenced to be so used. Payment of tax Impôt sur le revenu
croissance normale d’après les précisions publiées par le ministère des Finances le 15 décembre 2006, et leurs modifications successives, sauf si l’excédent découle d’une opération visée par règlement. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et les règlements modificatifs appropriés.] 2007, ch. 29, art. 24; 2008, ch. 28, art. 30; 2009, ch. 2, art. 65; 2013, ch. 40, art. 72.
Impôts sur les régimes de participation différée aux bénéfices et sur les régimes dont l’agrément est retiré Impôt sur les placements non admissibles et utilisation de l’actif comme garantie 198 (1) Toute fiducie régie par un régime de participation différée aux bénéfices ou par un régime dont l’agrément est retiré, qui : a) acquiert un placement non admissible; b) soit utilise ou permet l’utilisation de tout bien de la fiducie à titre de garantie pour un emprunt, doit payer un impôt égal à la juste valeur marchande : c) soit du placement non admissible au moment où la fiducie l’a acquis; d) soit du bien utilisé comme garantie au moment où il a commencé à être utilisé comme tel. Paiement de l’impôt
Tout fiduciaire dont la fiducie est passible d’un impôt en vertu du paragraphe (1) doit en remettre le montant au receveur général dans les 10 jours suivant le jour où le placement non admissible est acquis, ou celui où le bien est utilisé pour garantir un prêt, selon le cas. Fiduciaire passible d’un impôt
Le fiduciaire dont la fiducie est passible d’un impôt en vertu du paragraphe (1) et qui n’en remet pas le montant au receveur général dans le délai spécifié au paragraphe (2) est personnellement responsable de payer, pour le compte de la fiducie, du plein montant de l’impôt et a le droit de recouvrer de la fiducie toute somme qu’il a payée à titre d’impôt en vertu du présent article. Income Tax
Idem Idem Impôt sur le revenu
d) la valeur de rachat de la police (participations de police accumulées non comprises) n’est pas ou ne sera pas, à la fin de l’année dans laquelle l’assuré atteint 71 ans ou antérieurement si toutes les primes prévues par la police sont payées, inférieure à la somme totale maximale (participations de police accumulées non comprises) à payer par l’assureur en vertu de la police; e) le total des primes payables au cours de toute année en vertu de la police n’est pas supérieur au total des sommes qui, si les primes annuelles avaient été payables par versements mensuels, auraient été payables au titre de ces versements dans les 12 mois à compter de la date d’établissement de la police, le fait d’effectuer le paiement est réputé être l’acquisition d’un placement non admissible dont le coût est égal au montant du paiement. Idem (6.1) Une police d’assurance-vie donnant au titulaire de la police une option de recevoir des paiements de rente et qui, par ailleurs, est conforme à l’alinéa (6)d) est réputée : a) lorsque l’option n’est pas exercée, être conforme à cet alinéa; b) lorsque l’option est exercée à un moment donné, avoir fait l’objet d’une disposition à ce moment pour une somme égale à la valeur de rachat en espèces de la police immédiatement avant ce moment, et un contrat de rente est réputé avoir été acquis à ce moment à un coût égal à cette valeur. Idem
Malgré le paragraphe (6), lorsque le total des paiements qu’a faits au cours d’une année une fiducie régie par un régime de participation différée aux bénéfices ou par un régime dont l’agrément est retiré, en vertu de polices d’assurance-vie ou pour acquérir des intérêts dans des polices d’assurance-vie à l’égard desquelles la fiducie est la seule personne ayant droit à tous les droits ou avantages (autres que les droits ou avantages de l’assureur) ne dépasse pas un montant égal à 25 % de total des sommes payées au cours de l’année à la fiducie par les employeurs en vertu du régime au profit des bénéficiaires de ce régime, le fait d’effectuer les paiements en vertu de ces polices ou pour acquérir des intérêts dans ces polices est réputé, pour l’application du présent article, ne pas constituer des placements non admissibles. Idem [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 188; 1997, c. 26, s. 54; 2007, c. 29, s. 25. Idem
Lorsqu’une fiducie rachète, annule, cède son intérêt dans une police d’assurance-vie ou en dispose de tout autre façon : a) la fiducie est réputée, pour l’application du paragraphe (4), avoir disposé de chaque placement non admissible qu’elle était, à la suite des paiements effectués en vertu de la police, réputée selon le paragraphe (6) avoir fait; b) le produit de disposition est réputé être l’excédent éventuel : (i) de la somme reçue par la fiducie à la suite du rachat, de l’annulation, de la cession ou de la disposition de quelque autre façon de son intérêt dans la police sur le total des montants suivants : (ii) chaque somme payée par la fiducie en vertu de la police ou pour acquérir un intérêt dans la police et dont le paiement est réputé par le présent article ne pas être l’acquisition d’un placement non admissible, (iii) la valeur de rachat au 21 décembre 1966 de l’intérêt détenu à cette date dans la police par la fiducie. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 188; 1997, ch. 26, art. 54; 2007, ch. 29, art. 25. Impôt sur les placements initiaux non admissibles dont il n’a pas été disposé 199 (1) Toute fiducie régie par un régime de participation différée aux bénéfices ou un régime dont l’agrément est retiré doit payer un impôt : a) pour 1967, égal à l’excédent éventuel de 20 % de la base initiale de la fiducie sur le produit de disposition de ses placements initiaux non admissibles dont elle a disposé après le 21 décembre 1966 et avant 1968; b) pour 1968, égal à l’excédent éventuel de 40 % de la base initiale de la fiducie sur le total des montants suivants : (i) le produit de disposition de ses placements initiaux non admissibles dont elle a disposé après le 21 décembre 1966 et avant 1969, (ii) l’impôt payable par la fiducie, déterminé en vertu de l’alinéa a); Income Tax Sections 199-200 (d) for 1970, equal to the amount, if any, by which 100% of the initial base of the trust exceeds the total of Refund exceeds (b) the total of [1970-71-72, c. 63, s. 1 "199".] Distribution deemed disposition [R.S., 1985, c. 1 (5th Supp.), s. 200; 2013, c. 34, s. 334(F).] Impôt sur le revenu
c) pour 1969, égal à l’excédent éventuel de 60 % de la base initiale de la fiducie sur le total des montants suivants : (i) le produit de disposition de ses placements initiaux non admissibles dont elle a disposé après le 21 décembre 1966 et avant 1970, (ii) l’impôt payable par la fiducie, déterminé en vertu des alinéas a) et b); d) pour 1970, égal à l’excédent éventuel de 100 % de la base initiale de la fiducie sur le total des montants suivants : (i) le produit de disposition de ses placements initiaux non admissibles dont elle a disposé après le 21 décembre 1966 et avant 1971, (ii) l’impôt payable par la fiducie, déterminé en vertu des alinéas a), b) et c). Remboursement
La fiducie a droit, sur demande faite en conformité avec l’article 202, à un remboursement égal à l’excédent éventuel, à la fin de l’année, du total visé à l’alinéa a) sur le total visé à l’alinéa b) : a) le total des impôts payés par une fiducie en vertu du paragraphe (1); b) le total des montants suivants : (i) les remboursements faits à la fiducie en vertu du présent paragraphe, (ii) l’excédent éventuel de la base initiale de la fiducie sur le produit de disposition de ses placements initiaux non admissibles dont elle a disposé après le 21 décembre 1966 et avant la fin de l’année. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] [1970-71-72, ch. 63, art. 1 « 199 ».] Distribution assimilée à une disposition 200 Pour l’application de la présente partie, la distribution par une fiducie d’un placement non admissible à un bénéficiaire de la fiducie est réputée être une disposition du placement, et le produit de disposition du placement est réputé être sa juste valeur marchande au moment de la distribution. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] [L.R., 1985, ch. 1 (5e suppl.), art. 200; 2013, ch. 34, art. 334(F).] ; 1970-71-72, c. 63, s. 1"201"; 1976-77, c. 4, s. 68; 1990, c. 35, s. 20. (a) consider the application; Provisions applicable to Part Income Tax Sections 202-204 Provisions applicable to refunds Interest 1970-71-72, c. 63, s. 1 "202"; 1977-78, c. 35, s. 14; 1980-81-82-83, c. 48, s. 115; 1984, c. 1, s. 96; 1985, c. 45, ss. 107, 126(F); 1986, c. 6, s. 6; 1996, c. 35, s. 30. 1970-71-72, c. 63, s. 1 "203". Definitions debt obligation means a bond, debenture, note or similar obligation; (titre de créance) (i) to a dividend, and (b) une action non participante de la société est émise et en circulation et que le propriétaire a, à titre de propriétaire, droit à un dividende : (i) soit établi selon un taux annuel fixe supérieur à 12 %, (ii) soit établi selon un taux annuel non supérieur à un taux annuel maximal fixe, si ce dernier excède 12 %, quand le droit à un dividende est représenté par un taux fondé sur la valeur en capital versée de l’action à laquelle se rapporte le droit. (excluded share) action non participante a) Dans le cas d’une société privée, action dont le propriétaire n’a le droit de recevoir, à titre de propriétaire, aucun dividende autre qu’un dividende, cumulatif ou non : (i) soit établi selon un taux ou un montant annuel fixe, (ii) soit établi selon un taux ou un montant annuel non supérieur à un taux ou un montant annuel maximal fixe; b) dans le cas d’une société autre qu’une société privée, action autre qu’une action ordinaire. (non-participating share) base initiale Dans le cas d’une fiducie, l’ensemble des valeurs des placements initiaux non admissibles détenus par la fiducie le 21 décembre 1966 lorsque chacune de ces placements est évaluée au moins élevé des montants suivants : a) ce qu’il a coûté à la fiducie; b) sa juste valeur marchande le 21 décembre 1966. (initial base) bien exclu Est un bien exclu relativement à une fiducie régie par un régime de participation différée aux bénéfices ou un régime de retraite si ce bien est détenu en fiducie dans ce régime et que l’acceptation bancaire résulte par l’une ou l’autre des personnes suivantes : a) tout employeur qui fait des paiements en fiducie à un fiduciaire du régime pour le compte de bénéficiaires du régime; b) toute société avec laquelle cet employeur a un lien de dépendance. (excluded property) (action non participante) (placement non admissible) A/B where (i) any of (iii) in the case of (ii) either (A) ils ont été émis dans le cadre d’une émission unique d’au moins 25 000 000 $, (B) s’il s’agit de titres de créance qui sont émis de façon continue dans le cadre d’un programme d’émission de créances, leur émetteur maintenait en circulation dans le cadre du programme des créances d’au moins 25 000 000 $, d) titres (sauf des contrats à terme ou d’autres instruments dérivés dont le risque de perte pour le détenteur peut excéder le coût pour lui) qui sont inscrits à la cote d’une bourse de valeurs désignée, e) actions à revenu variable d’une société par laquelle, avant la date d’acquisition de ces actions par la fiducie, des paiements ont été faits en fiducie en vertu du régime dans l’intérêt de ses bénéficiaires, si ces actions sont d’une catégorie : (i) d’une part, ne comportant aucune restriction quant à la possibilité de leur transfert, (ii) d’autre part, relativement à laquelle, au cours de chacune des 4 années d’imposition de la société dans la période de 5 années d’imposition consécutives de la société qui se sont terminées moins de 12 mois avant la date d’acquisition de ces actions par la fiducie, et au cours de la dernière année d’imposition de la société comprise dans cette période, la société : (A) soit a payé un dividende sur chaque action de la catégorie, d’un montant non inférieur à 4 % du prix unitaire que la fiducie a payé pour ces actions, (B) soit a réalisé des gains attribuables aux actions de la catégorie, d’un montant non inférieur au produit de la multiplication de 4 % du prix unitaire que la fiducie a payé pour ces actions par le nombre total d’actions de la catégorie qui étaient en circulation immédiatement avant cette acquisition; f) certificats de placement garantis délivrés par une société de fiducie constituée en société selon les lois fédérales ou provinciales; g) contrats de placements visés au sous-alinéa b)(ii) de la définition de régime d’épargne-retraite au paragraphe 146(1) et délivrés par une société agréée par le gouverneur en conseil dans le cadre de ce sous-alinéa; h) placements visés par règlement. (qualified investment) (h) prescribed investments; (i) [Repealed, 2007, c. 29, s. 26] (placement admissible) revoked plan means a deferred profit sharing plan the registration of which has been revoked by the Minister pursuant to subsection 147(14) or 147(14.1). (régime dont l’agrément est retiré) [NOTE: Application provisions are not included in this consolidated text; see relevant amending Acts and regulations.] - 1985, c. 1 (5th Supp.), s. 204; 1994, c. 7, Sch. II, s. 20(F); 2001, c. 17, ss. 168, 223; 2007, c. 29, s. 26; c. 35, s. 57; 2009, c. 2, s. 86. i) [Abrogé, 2007, ch. 29, art. 26] placement initial non admissible Dans le cas d’une fiducie, placement détenu par la fiducie le 21 décembre 1966 et qui était, à cette date, un placement non admissible, à l’exclusion toutefois : a) de tout intérêt dans une police d’assurance-vie; b) d’une action à revenu variable qui serait un placement admissible si la date d’acquisition de cette action était le 21 décembre 1966. (initial non-qualified investment) placement non admissible Bien que ne constitue pas un placement admissible dans le cas d’une fiducie régie par un régime de participation différée aux bénéfices ou un régime dont l’agrément est retiré, au sens de la définition de placement admissible au présent paragraphe. (non-qualified investment) régime dont l’agrément est retiré Régime de participation différée aux bénéfices dont l’agrément a été retiré par le ministre conformément au paragraphe 147(14) ou (14.1). (revoked plan)
valeur en capital versé Dans le cas d’une action, le montant calculé selon la formule suivante : A/B où : A représente le capital versé de la société, représenté par les actions de la catégorie à laquelle cette action appartient; B le nombre d’actions de cette catégorie qui sont en fait émises et en circulation. (paid-up capital value) [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] - L.R. (1985), ch. 1 (5e suppl.), art. 204; 1994, ch. 7, ann. II, art. 20(F); 2001, ch. 17, art. 168 et 223; 2007, ch. 29, art. 26; ch. 35, art. 57; 2009, ch. 2, art. 86. PART X.1
Impôt frappant les excédents de contribution aux régimes de revenu différé Impôt payable par les particuliers
Income Tax Sections 204.1-204.2 R.S., 1985, c. 1 (5th Supp.), s. 204.1; 2024, c. 17, s. 61(F). Impôt sur le revenu
année relativement à des régimes enregistrés d’épargne-retraite doit, pour ce mois, payer un impôt en vertu de la présente partie égal à 1 % de la partie du total de ces excédents qui n’a pas été restituée par les régimes au particulier avant la fin du mois en question. Somme réputée restituée
Pour l’application du paragraphe (1), lorsqu’une somme afférente à un régime a été incluse dans le calcul du revenu d’un particulier, conformément à l’alinéa 146(12)(b), celui-ci est réputé avoir restitué la somme par l’intermédiaire du régime au moment mentionné dans cet alinéa. Impôt payable par les particuliers — cotisations postérieures à 1990 (2.1) Le particulier qui, à la fin d’un mois donné postérieur au mois de décembre 1990, a un excédent cumulatif au titre de régimes enregistrés d’épargne-retraite doit, pour ce mois, payer un impôt en vertu de la présente partie égal à 1 % de cet excédent. Impôt payable par un régime de participation différée aux bénéfices
La fiducie régie par un régime de participation différée aux bénéfices et qui, à la fin d’un mois donné postérieur au mois de mai 1976, a un excédent doit, pour ce mois, payer un impôt en vertu de la présente partie égal à 1 % de l’excédent. Renonciation
Le ministre peut renoncer à l’impôt dont un particulier serait, compte non tenu du présent paragraphe, redevable pour un mois selon les paragraphes (1) ou (2.1), si celui-ci établit à la satisfaction du ministre que l’excédent ou l’excédent cumulatif qui est frappé de l’impôt résulte à une erreur raisonnable et que des mesures adéquates sont prises pour éliminer l’excédent. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir lois et règlements modificatifs appropriés.]
R. (1985), ch. 1 (5e suppl.), art. 204.1; 2024, ch. 17, art. 61(F). Excédent au titre des REER
a) années postérieures à 1990, zéro; exceeds A + B + R + C + D + E where (iii) the individual’s pension adjustment for the preceding taxation year in respect of an employer, or Undeducted RRSP premiums H + I - J where exceeds (i) le facteur d’équivalence du particulier pour l’année d’imposition précédente quant à un employeur, (ii) le montant prescrit quant au particulier pour l’année, C si le particulier a atteint 18 ans au cours d’une année d’imposition antérieure, 2 000 $; sinon, zéro, D le montant relatif à un régime collectif quant au particulier à ce moment, E si le particulier a atteint 18 ans avant 1995, le montant de transition qui lui est applicable à ce moment; sinon, zéro, R le facteur d’équivalence rectifié total du particulier pour l’année. Primes non déduites versées à des REER (1.2) Pour l’application du paragraphe (1.1) et de l’élément K de la formule figurant au paragraphe (1.3), les primes non déduites, à un moment donné d’une année d’imposition, qu’un particulier a versées à des régimes enregistrés d’épargne-retraite sont calculées selon la formule suivante : H + I - J où : H représente zéro pour les années d’imposition se terminant avant 1992 et, pour les années d’imposition postérieures à 1991, l’excédent éventuel du montant visé à l’alinéa a) sur le montant visé à l’alinéa b) : a) les primes non déduites, à la fin de l’année d’imposition précédente, que le particulier a ainsi versées; b) le total des montants représentant chacun : (i) soit les montants qu’il a déduits au cours de cette année ou avant celle-ci, en application des paragraphes 146(5) et 146(5.1) dans le calcul de son revenu pour l’année d’imposition précédente, dans la mesure où chaque montant a été déduit au titre des primes versées à des régimes enregistrés d’épargne-retraite, (ii) soit une cotisation versée au cours de l’année d’imposition précédente par son employeur ou ancien employeur dans le cadre d’un régime de pension agréé collectif dont il est un participant; I le total des montants dont chacun représente : a) soit une prime, au sens du paragraphe 146(1), que le particulier a versée au cours de l’année et avant le moment donné aux termes d’un régime enregistré d'épargne-retraite dont il est rentier ou dont son époux ou conjoint de fait est rentier, au sens du même paragraphe, au moment du versement, à l'exception : (i) d'un montant versé au régime au cours des 60 premiers jours de l'année et déduit par le particulier dans le calcul de son revenu pour l'année d'imposition précédente, (ii) d'un montant versé au régime au cours de l'année et déduit par le particulier en application de l'alinéa 60j), j.1), j.2) ou l) dans le calcul de son revenu pour l'année ou pour l'année d'imposition précédente, (iii) d'une somme transférée au régime pour le compte du particulier conformément à l'un des paragraphes 146(16), 146.6(7), 147(19), 147.3(1) et (4) à (7) et 147.5(21) ou dans les circonstances visées au paragraphe 146(21), (iv) d'un montant déductible par le particulier en application du paragraphe 146.6(1) dans le calcul de son revenu pour l'année ou pour une année d'imposition antérieure, (v) si le particulier est un non-résident, du montant qui serait déductible dans le calcul de son revenu pour l'année ou pour l'année d'imposition précédente s'il résidait au Canada tout au long des deux années, (vi) d'un montant versé au régime au cours de l'année qui n'est pas déductible dans le calcul du revenu du particulier pour l'année par l'effet des sous-alinéas 146(5)a)(iv.1) ou (5.1)a)(iv), b) soit un don fait au cours de l'année et avant le moment donné à un régime enregistré d'épargne-retraite dont il est rentier, au sens du paragraphe 146(1), à l'exception d'un don fait à ce régime par son époux ou conjoint de fait; c) soit une cotisation versée au cours de l'année et avant le moment en cause par un employeur ou un ancien employeur du particulier dans le cadre d'un régime de pension agréé collectif par son employeur ou ancien employeur; J l'excédent éventuel du montant visé à l'alinéa a) sur le montant visé à l'alinéa b) : a) le total des sommes représentant chacune une somme : (i) que le particulier a reçue au cours de l'année et avant ce moment sur un fonds enregistré de revenu de retraite, un régime de pension agréé collectif, un régime enregistré d'épargne-retraite ou un régime de pension déterminé et vidual’s income for the year under any of sub- sections 146.01(4) to (6) and 146.02(4) to (6) exceeds tion year is the lesser of F - (G - K) where tion (1.2) in respect of the individual at that ation year, K is dividual’s undeducted RRSP premiums at the beginning of the year exceeds the individual’s ceding taxation year, and qu’il a incluse dans le calcul de son revenu pour l’année, (ii) incluse dans le calcul de son revenu pour l’année en vertu des paragraphes 146.01(4) à (6) et 146.02(4) à (6); b) le montant déduit en application de l’alinéa 60l) dans le calcul du revenu du particulier pour l’année. Montant relatif à un régime collectif (1.3) Pour l’application du présent article, le montant re- latif à un régime collectif quant à un particulier à un mo- ment donné d’une année d’imposition correspond à la moins élevée des sommes suivantes : a) la moins élevée de l’élément F et du résultat du cal- cul suivant : F - (G - K) où : F représente le moins élevé des montants suivants : (i) le total des sommes représentant chacune un montant admissible relatif à un régime col- lectif quant au particulier, dans la mesure où ces montants sont inclus dans le calcul de la valeur de l’élément F figurant au paragraphe (1.2) relativement au particulier à ce moment, (ii) le plafond REER pour l’année d’imposition subséquente, G le montant qui serait déterminé selon l’alinéa (1.1)b) relativement au particulier à ce moment si la valeur des éléments C, D et E de la formule figu- rant à cet alinéa était nulle, K : (i) s’il s’agit de l’année d’imposition 1996, l’ex- cédent éventuel des primes non déduites, au début de l’année, que le particulier a versées à des régimes enregistrés d’épargne-retraite, sur son excédent cumulatif au titre des régimes en- registrés d’épargne-retraite à la fin de l’année d’imposition 1995, (ii) dans les autres cas, le montant relatif à un régime collectif quant au particulier à la fin de l’année d’imposition précédente; b) le montant qui représenterait l’excédent cumulatif du particulier au titre des régimes enregistrés d’épargne-retraite à ce moment si la valeur de l’élé- ment D de la formule figurant à l’alinéa (1.1)b) était nulle. Deemed receipt where RRSP or RRIF amended (1.4) For the purposes of subsection 204.2(1.2), Montant admissible relatif à un régime collectif (1.31) Pour l’application de l’élément F de la formule figurant à l’alinéa (1.3)a), est un montant admissible relatif à un régime collectif quant à un particulier une prime versée dans le cadre d’un régime enregistré d’épargne-retraite ou une cotisation versée au compte du particulier dans le cadre d’un régime de pension agréé collectif par son employeur ou ancien employeur si, à la fois : a) le régime fait partie d’un arrangement admissible ou est un régime de pension agréé collectif; b) la prime ou la cotisation est une somme à laquelle le particulier a droit pour des services qu’il a rendus à titre d’employé ou autrement; c) la prime ou la cotisation a été versée au régime pour le compte du particulier par la personne ou le groupe de personnes qui est tenu de le rémunérer pour les services, ou par le mandataire de cette personne ou de ce groupe. N’est pas un montant admissible relatif à un régime collectif la partie d’une prime ou d’une cotisation que le particulier aurait pu empêcher d’être versée dans le cadre du régime en faisant ou en s’abstenant de faire une élection ou en exerçant ou en s’abstenant d’exercer un autre droit au titre de celui-ci et dans les douze mois précédant le versement de la prime ou de la cotisation et qui, en conséquence, n’aurait pas été à verser pour le compte du particulier à un autre régime enregistré d’épargne-retraite ni régime de pension agréé collectif ou à une disposition à cotisations déterminées d’un régime de pension agréé. Arrangement admissible (1.32) Pour l’application de l’alinéa (1.31)a), un arrangement admissible est un arrangement dans le cadre duquel des primes, qui remplissent les conditions énoncées aux alinéas (1.31)b) et c), sont versées à des régimes enregistrés d’épargne-retraite pour le compte de plusieurs particuliers. N’est pas un arrangement admissible l’arrangement dont il est raisonnable de considérer que l’un des principaux objets est de réduire l’impôt payable en vertu de la présente partie. Montant réputé reçu (1.4) Pour l’application du paragraphe (1.2) : a) d’une part, le montant qui est inclus en application de l’alinéa 146(12)b) dans le calcul du revenu d’un particulier au titre d’un régime enregistré d’épargne-retraite est réputé provenir du régime et avoir été reçu par le particulier au moment mentionné à cet alinéa; (a) $6,000, and L - M where exceeds b) d’autre part, le montant qui est inclus en application de l’alinéa 146.3(1)b) dans le calcul du revenu d’un particulier au titre d’un fonds enregistré de revenu de retraite est réputé provenir du fonds et avoir été reçu par le particulier au moment mentionné à cet alinéa. Montant de transition (1.5) Pour l’application de l’élément E de la formule figurant à l’alinéa (1.1)b), le montant de transition applicable à un particulier à un moment d’une année d’imposition correspond au moins élevé des montants suivants : a) 6 000 $; b) si la valeur de l’élément L est nulle, zéro; sinon, le résultat du calcul suivant : L - M où : L représente l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le montant qui, selon le paragraphe (1.2), correspondrait aux primes inutilisées de régimes enregistrés d’épargne-retraite de ce moment, si à la fois : (A) l’élément I de la formule figurant à ce paragraphe était déterminé pour l’année d’imposition 1995 compte non tenu des primes versées après le 26 février 1995, (B) la valeur de l’élément I de la formule figurant à ce paragraphe était nulle pour les années d’imposition 1996 et suivantes, (C) l’élément J de la formule figurant à ce paragraphe était déterminé pour les années d’imposition 1995 et suivantes compte non tenu de la partie d’un montant que le particulier a reçu dans le cadre d’un régime enregistré d’épargne-retraite ou d’un fonds enregistré de revenu de retraite et qu’il est raisonnable de considérer comme se rapportant à des primes qu’il a versées après le 26 février 1995 dans le cadre d’un régime enregistré d’épargne-retraite, (ii) le total des montants représentant chacun un montant déduit en application des paragraphes 146(5) ou (5.1) dans le calcul du revenu du particulier pour une année d’imposition antérieure, dans la mesure où ce montant a été déduit au titre de primes versées après cette Income Tax
année, à l’exception de celles versées avant le 27 février 1995, M le montant qui serait déterminé selon la formule figurant à l’alinéa (1.1)b) relativement au particulier à ce moment si la valeur des éléments D et E de cette formule était nulle et si l’article 257 ne s’appliquait pas à cette formule. Régime réputé continuer à être en vigueur
Malgré l’alinéa 146(12)a), pour l’application de la présente partie, lorsqu’un régime enregistré d’épargne-retraite cesse d’exister et qu’un paiement ou un transfert de fonds prélevés sur le régime et assujettis au paragraphe 146(16) est fait et que l’excédent d’un individu pour une année au titre du régime enregistré d’épargne-retraite aurait été plus élevé si le régime était resté en vigueur, pour le calcul de l’excédent pour une année au titre des régimes enregistrés d’épargne-retraite tant que l’individu ou son époux ou conjoint de fait demeure rentier en vertu d’un régime enregistré d’épargne-retraite aux termes duquel une rente n’a pas commencé à être versée, le régime qui a cessé d’être en vigueur est réputé demeurer en vigueur et l’individu ou son époux ou conjoint de fait est réputé demeurer le rentier en vertu de ce régime. Régime d’épargne-retraite réputé être enregistré
Lorsque le ministre accepte d’enregistrer un régime d’épargne-retraite dont un particulier ou son époux ou conjoint de fait est rentier, au sens du paragraphe 146(1), le régime est réputé être un régime enregistré d’épargne-retraite depuis le dernier en date du jour où ce régime est entré en vigueur et du 25 mai 1976 pour le calcul, d’une part, des primes non déduites que le particulier a versées à des régimes enregistrés d’épargne-retraite à un moment donné, et, d’autre part, de l’excédent pour une année au titre des régimes enregistrés d’épargne-retraite du particulier à un moment donné. Excédent au titre d’un régime de participation différée aux bénéfices
L’excédent, à un moment donné, pour une fiducie régie par un régime de participation différée aux bénéfices correspond au total des montants dont chacun représente : a) soit la partie des cotisations que le bénéficiaire du régime a versées à la fiducie avant ce moment et après le 25 mai 1976, dans la mesure où elles ne sont pas remboursées au bénéficiaire avant ce moment, à l’exception : (i) des cotisations que ce dernier a déduites en application de l’alinéa 60k) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, (ii) des montants transférés au régime pour le compte du bénéficiaire conformément au paragraphe 147(19), (iii) de la partie des cotisations, sauf celles visées aux sous-alinéas (i) et (ii), que le bénéficiaire a versées au cours de chaque année civile antérieure à 1991, ne dépassant pas 5 500 $; b) soit un don que la fiducie a reçu avant ce moment et après le 25 mai 1976. Retraits d’un RPAC
Malgré la Loi sur les régimes de pension agréés collectifs ou toute loi provinciale semblable, le participant à un régime de pension agréé collectif peut retirer de la somme de son compte dans le cadre du régime dans le but de réduire le montant d’impôt qu’il aurait par ailleurs à payer en vertu de la présente partie, dans la mesure où la réduction ne peut s’opérer au moyen de retraits de régimes autres que des régimes de pension agréés collectifs. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent codifié; voir les lois modificatives appropriées.] Déclaration et paiement de l’impôt
a) produire auprès du ministre, sans avis ni mise en demeure, une déclaration pour l’année en vertu de la présente partie, selon le formulaire prescrit et contenant les renseignements prescrits; b) estimer, dans cette déclaration, l’impôt dont ils sont redevables en vertu de la présente partie pour chaque mois de l’année; c) verser cet impôt au receveur général. Provisions applicable to Part [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1976-77, c. 4, s. 69; 1980-81-82-83, c. 48, s. 45; 1985, c. 45, s. 12; 1986, c. 6, s. 106. PART X.2 Definition of registered investment (a) registered retirement savings plans, (ii) the total of (II) bonds, debentures, mortgages, hypothecary claims, notes and other similar obligations, and exceeds (I) ownership by a trust governed by any such plan or fund of shares, bonds, debentures, titre de l’acquisition par elle de biens immeubles ou réels, (v) au moins 95 % de son revenu pour son dernier exercice complet ou, en l’absence d’un tel exercice, pour la partie de son exercice en cours qui précède la date donnée, a été tiré de placements visés au sous-alinéa (ii), (vi) la valeur totale des participations dans la requérante que possèdent les fiducies ou sociétés visées à l’un des alinéas 149(1)(o) à o.2), (o.4) et s) auxquelles un employeur quelconque, soit seul, soit avec des personnes avec lesquelles il avait un lien de dépendance, a versé des contributions, n’est pas supérieure à 25 % de la valeur de ses biens, (vii) la valeur totale des participations dans la requérante qui appartiennent aux fiducies visées aux alinéas 149(1)(r) ou x) auxquelles un contribuable quelconque, soit seul, soit avec des personnes avec lesquelles il avait un lien de dépendance, a versé des contributions, n’est pas supérieure à 25 % de la valeur de ses biens, et (viii) la requérante ne détient aucun bien, acquis par elle après le 26 mai 1975, que est : (A) une créance hypothécaire (à l’exclusion d’une créance hypothécaire garantie en vertu de la Loi nationale sur l’habitation ou par une société qui offre au public au Canada des services d’assureur de créances hypothécaires et qui est agréée à titre d’assureur privé de créances hypothécaires par le surintendant des institutions financières conformément aux attributions conférées à celui-ci en vertu du paragraphe 6(1) de la Loi sur le Bureau du surintendant des institutions financières), ou un intérêt ou, pour l’application du droit civil, un droit sur une telle créance, dont le débiteur hypothécaire est le rentier d’un régime enregistré d’épargne-retraite ou d’un fonds enregistré de revenu de retraite, soit une personne avec laquelle le rentier avait un lien de dépendance, si des fonds d’une fiducie régie par un tel régime ou fonds ont été utilisés pour l’acquisition d’une participation dans la requérante, ou (B) une obligation, un billet ou un titre semblable émis par une société coopérative (au sens du paragraphe 136(2)) ou par une caisse de crédit qui a conféré un avantage ou un privilège à un rentier ou bénéficiaire en vertu d’un régime visé au paragraphe (1), qui dépend du fait que, ou est rattachée au fait : (d) a trust that Revocation of registration Suspension of revocation Successor trust (b) paragraph 204.4(2)(a); (c) paragraph 204.4(2)(d) or 204.4(2)(f). (d) paragraph 204.4(2)(b). [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 204.4; 2001, c. 17, s. 224; 2006, c. 3, s. 12; 2013, c. 34, s. 154. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 204.5; 2023, c. 26, s. 56.] Tax payable
where (b) registered investments described in paragraph 204.4(2)(b), (d) or (f); and Tax payable Income Tax Sections 204.6-204.7 exceeds exceeds Tax payable — real property or immovables over [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 204.6; 2001, c. 17, s. 225; 2013, c. 34, s. 156; 2022, c. 19, s. 48. --- Impôt sur le revenu
a) le total des montants dont chacun représente la juste valeur marchande d’un de ces biens au moment de son acquisition; excède b) le montant qui représente 10 % de l’excédent du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii): (i) le total des montants dont chacun représente la juste valeur marchande d’un de ces biens au moment de son acquisition, (ii) le total des montants dont chacun représente une somme due par la fiducie à la fin du mois au titre de l’acquisition d’un bien immeuble ou réel. Impôt payable — immeubles ou biens réels
Le contribuable qui, à la fin d’un mois donné, est un placement enregistré visé à l’alinéa 204.4(2)a) et qui détient des immeubles ou biens réels, doit, à l’égard de ce mois, payer un impôt en vertu de la présente partie égal à 1 % du total des montants dont chacun représente le montant par lequel l’excédent éventuel du total visé à l’alinéa a) sur le total visé à l’alinéa b): a) la juste valeur marchande, au moment de son acquisition, d’un bien immeuble ou réel quelconque du contribuable; b) le total des montants dont chacun représentant un montant dû par lui à la fin du mois au titre de son acquisition de ce bien immeuble ou réel, excède 10 % du montant de l’excédent du total des montants dont chacun représente la juste valeur marchande, au moment de son acquisition, du bien qu’il détient à la fin du mois sur le total des montants dont chacun est un montant qui était dû par lui à la fin du mois au titre de son acquisition de ces biens immeubles ou réels. [NOTE: Les dispositions d’application ne sont pas incluses dans le texte codifié; voir les lois et règlements modificatifs appropriés.] L.R., 1985, ch. 1 (5e suppl.), art. 204.6; 2001, ch. 17, art. 225; 2013, ch. 34, art. 156; 2022, ch. 19, art. 48. Déclaration et paiement de l’impôt
a) produire auprès du ministre, sans avis ni mise en demeure, une déclaration pour l’année en vertu de la présente partie, selon le formulaire prescrit et contenant les renseignements prescrits; Liability of trustee Provisions applicable to Part [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1980-81-82-83, c. 48, s. 94; 1985, c. 45, s. 126(F); 1986, c. 6, s. 108. PART X.3 Definitions
(a) a prescribed corporation, or (iii) soit à des actions du capital-actions ou à des titres de créance d’une ou de plusieurs entités qui sont, à ce moment, des entreprises admissibles qui lui sont liées, (iii) soit à un ensemble de biens visés aux sous-alinéas (i) ou (ii). (eligible business entity) entreprise déterminée exploitée activement À un moment donné, entreprise exploitée activement au Canada qui remplit les conditions suivantes : a) au moins 50 % des employés travaillant à plein temps à ce moment dans le cadre de l’entreprise sont employés au Canada; b) il est raisonnable d’imputer au moins 50 % des traitements et salaires versés aux employés travaillant à ce moment dans le cadre de l’entreprise à des services qu’ils rendent au Canada. (specified active business) organisme syndical admissible Syndicat, au sens du Code canadien du travail, qui représente des employés dans plus d’une province ou organisation constituée d’au moins deux semblables syndicats. (specified union body) particulier déterminé Quant à une action, particulier, sauf une fiducie, dont le crédit d’impôt relatif à un fonds de travailleurs, au sens du paragraphe 127.4(6), au titre de l’acquisition initiale de l’action n’est pas nul ou ne le serait pas s’il était fait abstraction des alinéas 127.4(6)b) et d). (specified individual) période de démarrage L’une des périodes suivantes : a) sous réserve de l’alinéa c), dans le cas d’une société qui a émis ses premières actions de catégorie A avant le 17 février 1999, son année d’imposition au cours de laquelle elle a émis ces actions et les quatre années d’imposition suivantes; b) sous réserve de l’alinéa c), dans le cas d’une société qui émet ses premières actions de catégorie A après le 16 février 1999, son année d’imposition au cours de laquelle elle émet ces actions et l’année d’imposition suivante; c) si une société en fait le choix dans un document joint à la déclaration qu’elle produit en vertu de la présente partie pour une année d’imposition donnée se terminant après 1998 qui est visée aux alinéas a) ou b), la période constituée des années d’imposition visées (ii) the total of (g) [Repealed, 1998, c. 19, s. 51(1)] (placement admissible) labour-sponsored funds tax credit [Repealed, 1997, c. 25, s. 55(1)] national central labour body [Repealed, 1994, c. 7, Sch. VIII, s. 118(2)] aux alinéas a) ou b), selon le cas, à l’exclusion de l’année donnée et des années d’imposition suivant cette année. (start-up period) placement admissible S’agissant du placement admissible d’une société donnée, s’entend, selon le cas : a) d’une action, émise en faveur de la société donnée, qui fait partie du capital-actions d’une société qui était une entreprise admissible au moment de l’émission de l’action, b) d’une créance émise en faveur de la société donnée par une entité qui était une entreprise admissible au moment de l’émission de la créance, dans le cas où, à la fois : (i) la capacité de l’entreprise de contracter des dettes n’est pas limitée par les conditions de la créance ou d’un accord afférent, (ii) la créance est garantie, le cas échéant, uniquement par une charge flottante sur l’actif de l’entreprise ou par une garantie visée à l’alinéa c), (iii) la créance, et ses conditions ou accords afférents, ne subordonnent pas le remboursement des créances de l’entreprise, sauf que si celle-ci est une société, la créance n’a pas à être subordonnée aux créances suivantes : (A) celle qu’elle émet et qui est, par règlement, un titre de petite entreprise, (B) celle qui est due à son actionnaire ou à une personne liée à celui-ci; c) d’une garantie que la société donnée offre au titre d’une créance qui serait, si la créance avait été émise en sa faveur au moment où la garantie a été offerte, un placement admissible par l’effet de l’alinéa b) à ce moment; d) d’un droit ou d’une option accordé par une entreprise admissible au moment où le droit ou l’option est accordé avec l’émission d’une action ou d’un titre de créance qui constitue un placement admissible, en vue de l’acquisition d’une action du capital-actions de l’entreprise admissible qui serait un placement admissible si elle était émise au moment où le droit ou l’option est accordé, si les conditions suivantes sont réunies : e) immédiatement après le moment où le titre de créance est émis, la garantie, offerte ou le droit ou l’option, accordé, le total des coûts, pour la société original purchaser [Repealed, 1997, c. 25, s. 55(2)] registered labour-sponsored venture capital corporation [Repealed, 1997, c. 25, s. 55(1)] donnée, de l’ensemble des actions, options, droits et titres de créance de l’entreprise admissible et des sociétés qui lui sont liées et de 25 % du montant des garanties offertes par la société donnée au titre des créances de cette entreprise et des sociétés qui lui sont liées ne dépasse pas 15 000 000 $ ou, s’il est inférieur, le montant correspondant à 10 % de l’avoir des actionnaires dans la société donnée, déterminé conformément aux principes comptables généralement reconnus et en fonction des coûts, compte non tenu des gains et pertes non réalisés sur les placements de la société donnée; f) immédiatement avant le moment où l’action ou le titre de créance est émis, la garantie, offerte au droit ou l’option, accordée : (i) la valeur comptable de l’actif total de l’entreprise admissible et des sociétés qui lui sont liées, sauf les sociétés à capital de risque de travailleurs visées par règlement, (déterminée conformément aux principes comptables généralement reconnus sur une base consolidée ou combinée, le cas échéant) ne dépassait pas 500 000 $; (ii) la somme des éléments suivants ne dépassait pas 500 : (A) le nombre d’employés de l’entreprise admissible et des sociétés qui lui sont liées qui travaillaient habituellement au moins 20 heures par semaine pour l’entreprise et ces sociétés, (B) la moitié du nombre des autres employés de l’entreprise admissible et des sociétés qui lui sont liées. (eligible investment) premier acheteur [Abrogé, 1997, ch. 25, art. 55(2)] rentier S’entend au sens du paragraphe 146(1). (annuitant) réserve a) Bien visé à l’un des alinéas a), b), c), f) et g) de la définition de placement admissible à l’article 204; b) dépôts auprès d’une caisse de crédit qui est une institution membre, au sens du paragraphe 137.1(5), en ce qui concerne une compagnie d’assurance-dépôts, au sens du même paragraphe. (reserve) société agréée à capital de risque de travailleurs [Abrogé, 1997, ch. 25, art. 55(1)] société sortante Est une société sortante par rapport à une société donnée toute société remplacée à l’égard de laquelle les conditions ci-après s’appliquent : a) le paragraphe 204.85(3) s’applique à la fusion de la société donnée et de la société remplacée; b) des actions de catégorie A de la société donnée ont été émises en faveur de la société remplacée en échange de biens de cette dernière; c) dans un délai raisonnable après l’échange, des détenteurs d’actions de catégorie A de la société remplacée reçoivent l’ensemble des actions de catégorie A de la société donnée qui ont été émises en faveur de la société remplacée dans le cadre de la liquidation de cette dernière. (terminating corporation) Abandon d’une entreprise à capital de risque
Pour l’application de l’article 127.4, de la présente partie et de la partie XII.5, une société abandonne son entreprise à capital de risque au moment applicable suivant : a) au moment où ses statuts cessent d’être conformes à l’alinéa 204.81(1)c) et cesseraient d’y être conformes si elle avait été constituée après le 5 décembre 1996; b) au début de sa liquidation; pour l’application du présent alinéa, la liquidation d’une société n’est pas considérée comme ayant débuté du seul fait que la société abandonne son entreprise à capital de risque selon les règles de liquidation prescrites; c) immédiatement avant sa fusion ou son unification avec une ou plusieurs autres sociétés en vue de former une seule société (sauf une société qui est réputée par l’alinéa 204.85(3)d) avoir été enregistrée en vertu de la présente partie); d) au moment du retrait de son agrément en vertu du paragraphe 204.81(6), si l’un des motifs de retrait de l’agrément pour l’application de la présente partie est énoncé à l’alinéa 204.81(6)a.1); e) le premier moment, postérieur au retrait de son agrément pour l’application de la présente partie, où elle ne se conforme pas à l’une des dispositions de ses [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1994, c. 7, Sch. II, s. 154; 1995, c. 18, s. 62; 1996, c. 21, s. 55; 1998, c. 19, s. 51; 2000, c. 19, s. 54; 2005, c. 30, s. 13; 2013, c. 34, s. 335. statuts régissant son capital autorisé, la gestion de ses activités, la réduction de son capital versé ou le rachat ou transfert de ses actions de catégorie A. Date d’émission des actions de catégorie A
Pour l’application de la présente partie et du paragraphe 211.8(1) aux fins de déterminer le moment de l’émission ou de l’acquisition initiale d’actions de catégorie A, la personne qui détient des actions de catégorie A identiques est réputée en avoir disposé dans l’ordre où elles ont été émises. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1994, ch. 7, ann. II, art. 154; 1995, ch. 18, art. 62; 1996, ch. 21, art. 55; 1998, ch. 19, art. 51; 2000, ch. 19, art. 54; 2005, ch. 30, art. 13; 2013, ch. 34, art. 335. Conditions d’agrément
a) elle présente au ministre une demande d’agrément sur le formulaire prescrit; b) elle a été constituée en vertu de la Loi canadienne sur les sociétés par actions par un organisme syndical admissible; c) ses statuts prévoient ce qui suit : (i) ses activités se limitent à favoriser le développement d’entreprises admissibles et à créer, à maintenir et à garantir des emplois en fournissant à ces entreprises des conseils en matière de finance et de gestion et en investissant ses fonds dans des placements admissibles et des réserves, (ii) son capital autorisé est composé uniquement : (A) d’actions de catégorie A qui ne peuvent être émises qu’en faveur de particuliers, sauf les fiducies, de sociétés sortantes par rapport à la société et de fiducies régies par des régimes enregistrés d’épargne-retraite ou par des comptes d’épargne libre d’impôt et qui confèrent les droits ci-après à l’actionnaire : (I) le droit d’être avisé de la tenue des assemblées des actionnaires et, sous réserve de la Loi canadienne sur les sociétés par actions, le droit d’y assister et d’y voter, (II) le droit de recevoir des dividendes au gré du conseil d’administration, (III) le droit de recevoir, à la dissolution de la société, le reliquat des éléments d’actif de celle-ci une fois versés les montants payables aux détenteurs de ses autres catégories d’actions, (B) d’actions de catégorie « B » qui ne peuvent être émises qu’en faveur d’organismes syndicaux admissibles, qui ne peuvent être détenues que par eux et qui confèrent à chacun d’eux les droits suivants mais non celui de recevoir des dividendes : (I) le droit d’être avisé de la tenue des assemblées des actionnaires et, sous réserve de la Loi sur les sociétés par actions, le droit d’y assister et d’y voter, (II) le droit de recevoir, à la dissolution de la société, un montant égal au montant reçu par celle-ci en contrepartie de l’émission des actions de catégorie « B », (C) d’autres catégories d’actions qui sont autorisées, dans le cas où les droits, privilèges, restrictions et conditions rattachés à ces actions sont approuvés par le ministre des Finances, (iii) ses activités sont gérées par un conseil d’administration dont au moins la moitié des administrateurs sont nommés par les détenteurs d’actions de catégorie « B », (iv) elle ne peut réduire son capital versé au titre d’une catégorie d’actions, sauf la catégorie « B », autrement que par l’un des moyens suivants : (A) le rachat de ses actions, (B) la réduction de son capital versé attribuable à une catégorie d’actions pour aucune action n’a été émise au cours de la période de huit ans se terminant au moment de la réduction, (v) elle ne peut racheter l’action de catégorie « A » pour laquelle une déclaration de renseignements a été délivrée conformément à l’alinéa (6)c) que selon le cas : (A) l’action étant détenue par le particulier déterminé relativement à l’action, par l’époux ou le conjoint de fait ou l’ex-époux ou l’ex-conjoint de fait de celui-ci ou par une fiducie régie par un régime enregistré d’épargne-retraite, un compte d’épargne libre d’impôt ou un fonds enregistré de revenu de retraite dont le particulier ou son époux ou conjoint de fait ou ex-époux (II) [Repealed, 1997, c. 25, s. 56(4)] (B) there is no specified individual in respect of the share, (C) [Repealed, 1997, c. 25, s. 56(5)] (I) a holder of the share, or (vi) [Repealed, 1997, c. 25, s. 56(7)] ou ancien conjoint de fait est rentier, l’une des situations suivantes se présente : (I) l’actionnaire présente à la société une demande écrite visant le rachat de l’action et la déclaration de renseignements visée à l’alinéa (6)c) a été rendue à la société, (II) [Abrogé, 1997, ch. 25, art. 56(4)] (III) la société est avisée par écrit que le particulier déterminé relativement à l’action est devenu, après l’émission de l’action, invalide et définitivement incapable de travailler, ou en maladie en phase terminale, (B) il n’y a pas de particulier déterminé relativement à l’action, (C) [Abrogé, 1997, ch. 25, art. 56(5)] (D) la société est avisée par écrit que l’action est détenue par une personne à laquelle elle est dévolue par suite du décès soit d’un détenteur de l’action, soit d’un rentier au titre d’une fiducie régie par un régime enregistré d’épargne-retraite, un compte d’épargne libre d’impôt ou un fonds enregistré de revenu de retraite qui était détenteur de l’action, (E) l’action est rachetée : (I) soit plus de huit ans après son émission, (II) soit, si le jour qui suit de huit ans son émission est en février ou mars d’une année civile, en février ou le 1er mars de cette année, mais au plus 31 jours avant ce jour, (F) le détenteur de l’action remplit toute autre condition prévue par règlement, (vi) [Abrogé, 1997, ch. 25, art. 56(7)] (vii) elle ne peut enregistrer le transfert d’une action de catégorie « A », effectué par le particulier déterminé relativement à l’action, par l’époux ou le conjoint de fait de celui-ci ou par une fiducie régie par un régime enregistré d’épargne-retraite, un compte d’épargne libre d’impôt ou un fonds enregistré de revenu de retraite dont le particulier ou son époux ou conjoint de fait est rentier, sauf si, selon le cas : (A) aucune déclaration de renseignements n’a été délivrée conformément à l’alinéa (6)c) relativement à l’action, (F) [Repealed, 1997, c. 25, s. 56(9)] Registration number Registration date Sociétés constituées avant le 6 mars 1996 (1.1) Pour l’application de la division (1)(c)(v)(E)(II) relativement à un moment antérieur à 2004, à une société constituée avant le 6 mars 1996, la mention « huit » figurant à cette division est remplacée par « cinq » si, à ce moment, ce dernier chiffre figure dans les passages pertinents des statuts de la société. Sociétés constituées avant le 7 février 2000 (1.2) Pour l’application du paragraphe (1) relativement à un moment antérieur à 2004, à une société constituée avant le 7 février 2000, les statuts de la société, s’ils sont conformes à la subdivision (1)(c)(v)(E)(I), modifiée le cas échéant conformément au paragraphe (1.1), sont réputés prévoir ce qui est énoncé à la subdivision (1)(c)(v)(E)(II). Numéro d’agrément
Lors de l’agrément d’une société, le ministre attribue à celle-ci un numéro d’agrément. Agréments successifs
Pour l’application de l’alinéa (6)h) et de l’article 204.82, lorsqu’un organisme syndical admissible fait agréer plus d’une société en vertu de la présente partie, chacune de ces sociétés est réputée avoir émis une action de catégorie « A » dès qu’une d’entre elles a émis une telle action. Si la société n’existait pas à ce moment, elle est réputée : a) avoir existé au cours de la période donnée commençant immédiatement avant ce moment et se terminant immédiatement après sa constitution; b) avoir eu, tout au long de la période donnée, des exercices se terminant le même jour de chaque année de la période donnée que celui où son premier exercice suivant sa constitution s’est terminé. Détermination du coût
Pour l’application de la présente partie, le coût, à un moment donné, pour une société, d’un placement admissible qui est une garantie est réputé correspondre à 25 % de la créance visée par la garantie à ce moment. Date d’agrément
La société que le ministre agrée pour l’application de la présente partie est réputée avoir été ainsi agréée le dernier en date des jours suivants : Revocation of registration (g) [Repealed, 2000, c. 19, s. 55(1)] a) le jour de la réception de la demande d’agrément par le ministre; b) le jour qui, d’après la demande d’agrément, est celui de l’entrée en vigueur de l’agrément. Retrait de l’agrément
Le ministre peut retirer l’agrément d’une société pour l’application de la présente partie dans les cas suivants : a) les statuts de la société ne sont pas conformes à l’alinéa (1)c) et le seraient pas si la société avait été constituée après le 5 décembre 1996; a.1) la société ne se conforme pas à l’une des dispositions de ses statuts, visées à l’alinéa (1)c), sauf dans les cas où elle s’y conformerait si ses statuts étaient conformes à ceux d’une société qui pourrait être agréée en vertu de la présente partie si elle avait été constituée après le 5 décembre 1996; b) un particulier acquiert ou souscrit irrévocablement et paie une action de catégorie « A » du capital-actions de la société au cours de la période commençant le 61e jour d’une année civile et se terminant le 60e jour de l’année civile suivante, et la société ne présente pas au ministre une déclaration de renseignements sur formulaire prescrit, contenant les renseignements prescrits, avant le 1er avril de cette année suivante; c) un particulier acquiert ou souscrit irrévocablement et paie une action de catégorie « A » du capital-actions de la société au cours de la période commençant le 61e jour d’une année civile et se terminant le 60e jour de l’année civile suivante, et la société ne lui délivre pas, avant le 1er avril de cette année suivante, une déclaration de renseignements sur formulaire prescrit indiquant le montant reçu en contrepartie de l’action au cours de cette période; d) la société émet, relativement à une même acquisition ou souscription d’action de catégorie « A », plus d’une déclaration de renseignements visée à l’alinéa c); e) les états financiers de la société présentés à ses actionnaires ne sont pas préparés conformément aux principes comptables généralement reconnus; f) la société ne fait pas faire, dans les six mois suivant la fin d’une année d’imposition, une évaluation indépendante de ses actions à la fin de l’année; g) [Abrogé, 2000, ch. 19, art. 55(1)] Income Tax
(g) [Repealed, 2000, c. 19, s. 55(1)] Notice of intent to revoke registration Idem --- Impôt sur le revenu
h) la société ne paie pas l’impôt ou la pénalité payable selon l’article 204.82 au plus tard à la date où ceux-ci sont exigibles; i) un impôt est payable par la société selon le paragraphe 204.82(3) depuis trois années d’imposition ou plus; j) la société offre une garantie qui est un placement admissible sans maintenir, à un moment donné pendant la durée de la garantie, une réserve égale au coût, pour elle, de la garantie à ce moment; k) la société paie des honoraires ou des commissions dépassant un montant raisonnable pour l’offre de vente ou la vente de ses actions; l) la société a une insuffisance mensuelle au cours d’au moins 18 mois d’une période de 36 mois. Avis d’intention de révoquer l’agrément
Le ministre avise, en recommandée, à toute société dont il a l’intention de retirer l’agrément au titre du paragraphe 204.81(6), de son intention. Idem
Le ministre peut publier dans la Gazette du Canada copie de l’avis d’intention soit 30 jours après la date de mise à la poste de cet avis, soit à l’expiration du délai supérieur à 30 jours de la mise à la poste de cet avis que la Cour d’appel fédérale ou l’un de ses juges fixe, sur demande formulée avant qu’il ne soit statué sur tout appel interjeté en vertu du paragraphe (9) au sujet de la signification de cet avis. Sur publication de cette copie, l’agrément de la société est retiré. Retrait volontaire de l’agrément (8.1) Lorsque le ministre reçoit une copie certifiée conforme d’une résolution des administrateurs d’une société visant le retrait de l’agrément de la société en vertu de la présente partie, les règles suivantes s’appliquent : a) l’agrément est retiré au moment de la réception; b) le ministre fait publier, avec diligence, un avis du retrait dans la Gazette du Canada. Application of subsection 248(7) Discontinuance of provincial program (8.4) Subsection (8.3) applies to a corporation only if, A/(B – C) × 100 where Application du paragraphe 248(7) (8.2) Le paragraphe 248(7) ne s’applique pas dans le cadre du paragraphe (8.1). Règles transitoires (8.3) Si une société agréée à capital de risque de travailleurs avise le ministre par écrit de son intention de faire retirer son agrément en vertu de la présente partie, les règles ci-après s’appliquent : a) à compter de la date où l’avis est envoyé au ministre (appelée « date d’avis » au présent paragraphe et au paragraphe (8.4)), la société ne peut délivrer de certificats de crédit d’impôt, sauf s’il s’agit de duplicatas qui remplacent des certificats délivrés avant cette date; b) l’article 204.841 ne s’applique pas à l’abandon de son entreprise de capital de risque; c) les paragraphes 204.82(1) à (4) ne s’appliquent pas à ses années d’imposition commençant à la date d’avis ou par la suite; d) le paragraphe 204.83(1) ne s’applique pas relativement à une période, appelée « seconde période » à ce paragraphe, se terminant après la date d’avis. Abandon d’un programme provincial (8.4) Le paragraphe (8.3) ne s’applique à une société que si les conditions ci-après sont réunies : a) à la date d’avis, le pourcentage obtenu par la formule ci-après à l’égard de la société est inférieur à 20 % : A/(B – C) × 100 où : A représente le montant de capital de risque reçu par la société par suite de l’émission d’actions de catégorie « A » qui ont été émises au cours de la période de vingt-quatre mois précédant la date d’avis et qui sont toujours en circulation à cette date, B le montant total de capital de risque reçu par la société par suite de l’émission d’actions de catégorie « A » qui sont en circulation à la date d’avis, C le montant de capital de risque reçu par la société par suite de l’émission d’actions de catégorie « A » qui, à la date d’avis, étaient en circulation depuis au moins huit ans; b) la société a fait révoquer son agrément avant le troisième anniversaire de la date d’avis. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1994, c. 7, Sch. II, s. 164; Sch. VIII, s. 119; c. 8, s. 3; 1996, c. 21, s. 65; 1998, c. 19, s. 6; 2000, c. 12, ss. 137, 142; c. 16, ss. 5, 6; 2002, c. 8, s. 67; 2010, c. 25, s. 55; 2013, c. 34, s. 336; c. 40, s. 75; 2014, c. 20, s. 24. (A × 20%) - B where b) la société a fait retirer son agrément avant le troisième anniversaire de la date d’avis. Droit d’appel
Dans le cas où le ministre refuse d’agréer une société ou donne avis de son intention de retirer l’agrément d’une société, celle-ci peut en appeler de ce refus ou de la signification de cet avis auprès de la Cour d’appel fédérale. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1994, ch. 7, ann. II, art. 164; ann. VIII, art. 119; ch. 8, art. 3; 1996, ch. 21, art. 65; 1998, ch. 19, art. 6; 2000, ch. 12, art. 137, 142; ch. 16, art. 5, 6; 2002, ch. 8, art. 67; 2010, ch. 25, art. 55; 2013, ch. 34, art. 336; ch. 40, art. 75; 2014, ch. 20, art. 24. Recouvrement du crédit
a) le montant correspondant à 80 % de l’excédent éventuel du montant que la société a reçu en contrepartie des actions de catégorie « A » qu’elle a émises avant ce moment sur le total des montants qu’elle a versés à ses actionnaires à titre de remboursement de capital, dépasse : b) le total des montants dont chacun représente le coût pour elle d’un de ses placements admissibles ou d’une de ses réserves à ce moment, la société doit payer un impôt en vertu de la présente partie égal au montant calculé selon la formule suivante : (A × 20 %) - B où : A représente l’excédent le plus élevé du montant calculé à l’alinéa a) sur le montant calculé à l’alinéa b) pour l’année; B le total des impôts payables en vertu du présent paragraphe par la société pour les années d’imposition antérieures. Assujettissement à l’impôt
Chaque société agréée aux termes de la présente partie est tenue de payer en vertu de cette partie, pour chaque mois se terminant avant le premier abandon de son entreprise à capital de risque et au cours de son année d’imposition donnée qui commence après la fin de sa période de démarrage (ou, à défaut de période de démarrage, après l’émission de sa première action de catégorie A), un impôt égal au produit de la multiplication de Determination of investment shortfall A - B - C where exceeds Écart de placement le plus important constaté au cours du mois et de l’année donnée (appelé « insuffisance mensuelle » au présent article et aux articles 204.81 et 204.83) par 1/60 du taux d’intérêt prescrit pour le mois. Calcul de l’écart de placement (2.1) Sous réserve du paragraphe (2.2), l’écart de placement d’une société à un moment donné d’une année d’imposition donnée correspond au résultat du calcul suivant : A - B - C où : A représente 60 % du moins élevé des montants suivants : a) l’excédent éventuel de l’avoir des actionnaires dans la société à la fin de l’année d’imposition précédente sur le montant de redressement déterminé quant à cet avoir à la fin de cette année, b) l’excédent éventuel de l’avoir des actionnaires dans la société à la fin de l’année d’imposition donnée sur le montant de redressement déterminé quant à cet avoir à la fin de cette année; B le plus élevé des montants suivants : a) le total des montants représentant chacun le coût rajusté pour la société d’un de ses placements admissibles au moment donné, b) 50 % du total des montants représentant chacun : (i) le coût rajusté pour la société d’un placement admissible au début de l’année donnée, (ii) le coût rajusté pour la société d’un placement admissible à la fin de l’année donnée; C le montant représentant 60 % de l’excédent éventuel du total visé à l’alinéa a) sur le total visé à l’alinéa b) : a) le total des montants représentant chacun un impôt ou une pénalité visé aux paragraphes (3) ou (4), ou un impôt ou une pénalité visé par règlement, payé par la société avant le moment donné (sauf la partie de cet impôt ou de cette pénalité qui, du fait que la société en est redevable, donne lieu à une réduction de l’avoir des actionnaires à la fin d’une année d’imposition antérieure), b) le total des montants représentant chacun le remboursement, avant le moment donné, de toute partie du total visé à l’alinéa a). Investment shortfall (b) where (ii) either (A × (B/C)) - D where Écart de placement (2.2) Les règles suivantes s’appliquent dans le cadre du présent paragraphe et aux fins du calcul de l’écart de placement d’une société selon le paragraphe (2.1) au cours d’une année d’imposition (appelée « année applicable » au présent paragraphe) : a) les gains et pertes non réalisés sur ses placements admissibles n’entrent pas dans le calcul de l’avoir des actionnaires dans la société; b) lorsque l’année applicable se termine après 1998, qu’un rachat d’actions de catégorie A de la société sera vraisemblablement effectué après la fin d’une année d’imposition donnée et que, par conséquent, l’avoir des actionnaires dans la société à la fin de l’année donnée ne serait par ailleurs réduit pour tenir compte du rachat, sous réserve de l’alinéa c), le montant du rachat (ou, si l’année applicable se termine en 1999, 2000, 2001 ou 2002, 20 %, 40 %, 60 % ou 80 %, respectivement, de ce montant) n’entre pas dans le calcul de l’avoir des actionnaires dans la société à la fin de l’année donnée; c) l’alinéa b) ne s’applique pas au rachat qui sera vraisemblablement effectué après la fin d’une année d’imposition si les conditions suivantes sont réunies : (i) le rachat est effectué dans les 60 jours suivant la fin de l’année, (ii) selon le cas : (A) l’impôt prévu par la partie XII.5 devient payable par suite du rachat, (B) l’impôt prévu par la partie XII.5 ne serait pas devenu payable par suite du rachat si celui-ci avait été effectué à la fin de l’année;
c.1) le montant de redressement déterminé quant à l’avoir des actionnaires dans la société à la fin d’une année d’imposition correspond au résultat du calcul suivant : (A × (B/C)) - D où : A représente l’avoir des actionnaires à la fin de l’année, B la somme des montants suivants : (d) the adjusted cost to the corporation of an eligible investment of the corporation at any time is (B) a share of the capital stock of a prescribed corporation, (ii) la juste valeur marchande à la fin de l’année de l’ensemble des actions de catégorie A qu’elle a émises après le 5 mars 1996 et plus de huit ans avant la fin de l’année, (iii) la juste valeur marchande à la fin de l’année de l’ensemble des actions de catégorie A qu’elle a émises au cours des 60 derniers jours de l’année, (iv) si la société en fait le choix par écrit dans un document présenté au ministre au plus tard six mois après la fin de l’année et si elle n’est pas, à la fin de l’année, une société dont l’agrément a été retiré, la juste valeur marchande à la fin de l’année de l’ensemble des actions de ses catégories de son capital-actions auxquelles la division 204.81 (1)c)(ii)(C) s’applique, C la juste valeur marchande à la fin de l’année de l’ensemble des actions qu’elle a émises, et D le montant dont l’avoir des actionnaires dans la société à la fin de l’année a été réduit pour tenir compte du rachat subséquent attendu des actions de son capital-actions; d) le coût rajusté pour la société d’un placement admissible à un moment donné correspond au montant suivant : (i) le montant représentant 150 % du coût du placement admissible pour la société à ce moment, si ce placement est, selon le cas : (A) un bien qu’elle a acquis après le 18 février 1997 (sauf un bien auquel s’applique la sous-alinéa (i.1)) qui ferait partie de ses placements admissibles si la somme de 50 000 000 $, à l’alinéa f) de la définition de placement admissible au paragraphe 204.8(1), était remplacée par la somme de 10 000 000 $, (B) une action du capital-actions d’une société visée par règlement, (i.1) le montant représentant 200 % du coût du placement admissible pour la société à ce moment, si ce placement est un bien qu’elle a acquis après le 16 février 1999 (sauf un bien visé à la division (i)(B)) qui ferait partie de ses placements admissibles si la somme de 50 000 000 $, à l’alinéa f) de la définition de placement admissible au paragraphe 204.8(1), était remplacée par la somme de 2 500 000 $, (ii) dans les autres cas, le coût pour la société du placement admissible à ce moment. Income Tax
(A/12 × 20%) - (B - C) where Penalty Provincially registered LSVCCs
Where (d) the corporation is not a registered labour-sponsored venture capital corporation or a revoked corporation, Impôt sur le revenu
(ii) dans les autres cas, le coût pour la société de l’investissement admissible de la société à ce moment. Recouvrement du crédit
La société qui est redevable, en vertu du paragraphe (2), d’un impôt pour une période donnée de douze mois consécutifs (dite dans le présent paragraphe la « période donnée »), paie pour une année d’imposition, relativement à chaque période donnée qui se termine dans l’année, correspondant au total des montants calculés selon la formule suivante : (A/12 × 20 %) - (B - C) où : A représente le total des insuffisances mensuelles pour chacun des mois de la période donnée; B le total des impôts payables par la société en application du paragraphe (1) pour les années d’imposition antérieures et des impôts payables par elle en application du présent paragraphe pour une période se terminant avant la fin de la période donnée; C le total des montants remboursés en application de l’article 204.83 au titre de l’impôt payé en application du présent paragraphe par la société pour des années d’imposition antérieures. Pénalité
La société qui est redevable d’un impôt pour une année d’imposition selon le paragraphe (3) doit, de plus, payer une pénalité pour l’année égale à cet impôt. Sociétés à capital de risque de travailleurs sous régime provincial
Une société est tenue de payer un impôt en vertu de la présente partie si les conditions suivantes sont réunies : a) un montant (sauf les intérêts sur un montant auquel le présent paragraphe s’applique et les montants payables en vertu ou par l’effet d’une disposition, visée par règlement, d’une loi provinciale) est payable par la société au gouvernement d’une province; b) le montant est payable par suite du défaut d’acquérir un pourcentage suffisant de biens présentant les caractéristiques visées dans la loi provinciale; c) la société est visée par règlement pour l’application de la définition de action approuvée au paragraphe 127.4(1);
Where NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; 1994, c. 7, Sch. II, s. 164; 1998, c. 19, s. 53; 1999, c. 22, s. 69; 2000, c. 19, s. 56. Refunds for federally registered LSVCCs d) la société n’est pas une société agréée à capital de risque de travailleurs ni une société dont l’agrément a été retiré. Cet impôt est égal au montant en question et est payable pour l’année d’imposition au cours de laquelle ce montant est devenu payable. Montants payables à une province
Une société agréée à capital de risque de travailleurs ou une société dont l’agrément a été retiré en vertu du paragraphe 204.81(6) est tenue de payer un impôt en vertu de la présente partie si les conditions suivantes sont réunies : a) un montant (sauf les intérêts sur un montant auquel ne s’applique le présent paragraphe) est payable par elle au gouvernement d’une province du fait qu’une société visée par règlement n’a pas acquis des biens suffisants présentant les caractéristiques visées dans une loi de la province; b) le montant est devenu payable avant qu’elle n’abandonne pour la première fois son activité à capital de risque. Cet impôt est égal au montant en question et est payable pour l’année d’imposition au cours de laquelle ce montant est devenu payable. NOTE : Les dispositions d’application ne sont pas incluses dans le présent codification; voir les lois et règlements modificatifs appropriés; 1994, ch. 7, ann. II, art. 164; 1998, ch. 19, art. 53; 1999, ch. 22, art. 69; 2000, ch. 19, art. 56. Remboursements aux sociétés à capital de risque de travailleurs sous régime fédéral
a) le trentième jour après la réception de la demande; b) le soixantième jour après la fin de la seconde période. Income Tax Sections 204.83-204.841
Where 1994, c. 7, Sch. II, s. 164; 1998, c. 19, s. 54; 1999, c. 22, s. 70; 2000, c. 19, s. 57. Penalty 1994, c. 7, Sch. II, s. 164. A × B where A is Impôt sur le revenu
Remboursements de montants payables aux provinces
Lorsque le gouvernement d’une province rembourse à une société un montant qui avait été payé en règlement d’un montant donné payable au cours d’une année d’imposition de la société et qu’un impôt était payable en vertu des paragraphes 204.82(5) ou (6) par la société pour une année d’imposition du fait que le montant est devenu payable, la société est réputée avoir payé, au moment du remboursement, un montant égal au montant remboursé au titre de son impôt payable en vertu de la présente partie pour l’année. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1994, ch. 7, ann. II, art. 164; 1998, ch. 19, art. 54; 1999, ch. 22, art. 70; 2000, ch. 19, art. 57. Pénalité
a) soit de l’émission d’une action après le retrait de l’agrément de la société; b) soit de la souscription d’une action qui n’est pas émise au plus tard le cent quatre-vingtième jour après la délivrance de la déclaration de renseignements, est passible d’une pénalité pour l’année égale à la contrepartie de l’émission de l’action ou à ce que devait être cette contrepartie. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1994, ch. 7, ann. II, art. 164. Pénalité — abandon d’une entreprise à capital de risque
A × B où : A représente : B is Dissolution of federally registered LSVCCs Dissolution of other LSVCCs
Where (d) the corporation is not a registered labour-sponsored venture capital corporation or a revoked corporation, (a) subject to paragraphs (d) and (e), the new corporation is deemed to be the same corporation as, and a continuation of, each predecessor corporation; (i) the new share d) la société n’est pas une société agréée à capital de risque de travailleurs ni une société dont l’agrément a été retiré. Cet impôt est égal au montant en question et est payable pour l’année d’imposition au cours de laquelle ce montant est devenu payable. Fusions et unifications
Pour l’application de l’article 127.4, de la présente partie et de la partie XII.5, lorsque plusieurs sociétés (appelées chacune « société remplacée » au présent paragraphe) ont fusionné ou se sont unifiées pour former une nouvelle société (appelée au présent paragraphe « nouvelle société ») et qu’au moins une des sociétés remplacées était, immédiatement avant la fusion ou l’unification, une société agréée à capital de risque de travailleurs ou une société dont l’agrément a été retiré en vertu du paragraphe 204.81(6), les règles suivantes s’appliquent : a) sous réserve des alinéas d) et e), la nouvelle société est réputée être la même société que chaque société remplacée et en être la continuation; b) si une société remplacée était autorisée à émettre une catégorie d’actions auxquelles s’applique la division 204.81(1)c)(ii)(C), la nouvelle société est réputée avoir obtenu l’approbation du ministre des Finances d’émettre des actions semblables, quant à leurs éléments essentiels, au moment de la fusion ou de l’unification; c) lorsqu’une action (appelée « action remplacée » au présent alinéa) d’une société remplacée est remplacée, au moment de la fusion ou de l’unification, par une nouvelle action de la nouvelle société : (i) la nouvelle action est réputée : (A) d’une part, ne pas avoir été émise à ce moment, (B) d’autre part, avoir été émise par la nouvelle société au moment où la société remplacée a émis l’action remplacée, (ii) si la nouvelle action a été émise en faveur d’une personne qui a acquis l’action remplacée par suite d’un transfert dont l’enregistrement, par la société remplacée, était permis par l’alinéa 204.81(1)c), l’émission de la nouvelle action est réputée être conforme aux conditions énoncées à cet alinéa; d) le ministre est réputé avoir agréé la nouvelle société pour l’application de la présente partie, sauf si, le cas : (i) elle n’est pas régie par la Loi canadienne sur les sociétés par actions, (e) where paragraph (d) does not apply, the new corporation is deemed to be a revoked corporation; [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] | 1994, c. 7, Sch. II, s. 164; 1998, c. 19, s. 55; 2000, c. 19, s. 89; 2014, c. 20, s. 25.
(ii) ou plusieurs des sociétés remplacées étaient des sociétés agréées à capital de risque de travailleurs qui ont abandonné leur entreprise à capital de risque avant la fusion ou l’unification, (iii) une ou plusieurs des sociétés remplacées étaient, immédiatement avant la fusion ou l’unification, des sociétés dont l’agrément a été retiré en vertu du paragraphe 204.81(6), (iv) immédiatement après la fusion ou l’unification, les statuts de la nouvelle société ne sont pas conformes à l’alinéa 204.81(1)c), (v) des actions qui ne sont pas des actions de catégorie A du capital-actions de la nouvelle société ont été émises à un actionnaire de cette dernière en règlement d’une action (sauf une action à laquelle s’applique la clause 204.81(1)c)(ii)(B) ou (C)) d’une société remplacée, (vi) immédiatement avant la fusion ou l’unification, au moins une des sociétés remplacées est une société qui a donné l’avis prévu au paragraphe 204.81(8.3) et au moins une des sociétés remplacées est une société agréée à capital de risque de travailleurs qui n’a pas donné cet avis, e) en cas d’inapplication de l’alinéa d), la nouvelle société est réputée être une société dont l’agrément a été retiré en vertu du paragraphe 204.81(6); f) le paragraphe 204.82(1) ne s’applique pas à la nouvelle société; g) le paragraphe 204.82(2) s’applique à la nouvelle société compte non tenu du passage « qui commence après la fin de sa période de démarrage (ou, à défaut de période de démarrage, après l’émission de sa première action de catégorie A) ». [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] | 1994, ch. 7, ann. II, art. 164; 1998, ch. 19, art. 55; 2000, ch. 19, art. 89; 2014, ch. 20, art. 25. Déclaration et paiement de l’impôt — sociétés à capital de risque de travailleurs sous régime fédéral
a) au plus tard à la date d’échéance de production qui lui est applicable pour une année d’imposition, présenter au ministre une déclaration pour l’année en vertu de la présente partie sur le formulaire prescrit, contenant les renseignements prescrits; [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1994, c. 7, Sch. II, s. 164; 1998, c. 19, s. 56; 2003, c. 15, s. 124. Provisions applicable to Part PART X.4 Definitions Income Tax
exceeds (a) for 1990 to 1995, $31,500; (b) for 1996 to 2006, $42,000; and (c) for 2007 and subsequent years, $50,000. (plafond cumulatif de REEE) (A/B) × C where Income Tax
C is the excess amount for the year at that time in respect of the individual. (part du souscripteur sur l’excédent) les régimes enregistrés d’épargne-études par l’ensemble des souscripteurs, ou pour leur compte, au titre du particulier; C l’excédent pour l’année à ce moment au titre du particulier. (subscriber’s share of the excess amount) plafond cumulatif de REEE a) Pour les années 1990 à 1995 : 31 500 $; b) pour les années 1996 à 2006 : 42 000 $; c) pour 2007 et les années suivantes : 50 000 $. (RESP lifetime limit) Application of s. 146.1(1) (1.1) The definitions in subsection 146.1(1) apply to this Part. Refunds from unregistered plans Impôt sur le revenu
Application du paragraphe 146.1(1) (1.1) Les définitions figurant au paragraphe 146.1(1) s’appliquent à la présente partie. Convention conclue avant le 21 février 1990
Lorsque, aux termes d’une convention écrite conclue avant le 21 février 1990, un souscripteur est tenu de faire des versements périodiques de montants déterminés à un régime enregistré d’épargne-études au profit d’un bénéficiaire et qu’il fait au moins un tel versement avant ce jour, les présomptions suivantes s’appliquent : a) l’excédent pour une année au titre du bénéficiaire est réputé ne pas dépasser l’excédent pour l’année qui serait déterminé en vertu du paragraphe (1) si le total des sommes versées au cours de l’année et, si la convention le prévoit, des montants payés au cours de l’année en exécution de l’obligation de faire ces versements, au titre du bénéficiaire aux termes de toutes les conventions semblables par l’ensemble des souscripteurs était égal au moins élevé des montants visés aux alinéas a) et b) de la définition de excédent au paragraphe (1); b) la part d’un souscripteur sur un excédent pour une année est calculée compte non tenu, dans le calcul de la valeur des éléments A et B de la formule figurant à la définition de part du souscripteur sur l’excédent au paragraphe (1), des versements inclus dans le total visé à l’alinéa a) pour l’année. Remboursement de régime non enregistré
Pour l’application du paragraphe (1) et de l’article 146.1, lorsqu’un particulier a conclu un régime d’épargne-études avant le 21 février 1990, en conformité avec le prospectus préliminaire d’un promoteur, et que celui-ci lui rembourse toutes les sommes versées au régime ainsi que le revenu accumulé afférent, chaque somme versée par le particulier à un régime enregistré d’épargne-études New beneficiary --- avant le 31 décembre 1990 est réputée versée avant le 21 février 1990, dans la mesure où le total de ces sommes ne dépasse pas le montant ainsi remboursé au particulier. Nouveau bénéficiaire
Pour l’application de la présente partie, dans le cas où, à un moment donné, un particulier (appelé « nouveau bénéficiaire » au présent paragraphe) devient le bénéficiaire d’un régime enregistré d’épargne-études à la place d’un autre particulier (appelé « ancien bénéficiaire » au présent paragraphe) qui, à ce moment ou antérieurement, avait cessé d’être bénéficiaire du régime, les règles suivantes s’appliquent : a) sauf disposition contraire de l’alinéa b), chaque cotisation versée au régime à un moment antérieur par un souscripteur, ou pour son compte, au titre de l’ancien bénéficiaire est réputée avoir également été versée au même moment au titre du nouveau bénéficiaire; b) sauf pour l’application du présent paragraphe à un remplacement de bénéficiaire effectué après ce moment, de l’application du paragraphe (5) à un transfert effectué après ce moment et de l’application du paragraphe 204.9(3) à des faits s’étant produits après ce moment, l’alinéa a) ne s’applique pas par suite du remplacement de l’ancien bénéficiaire à ce moment si, selon le cas : (i) le nouveau bénéficiaire n’avait pas atteint 21 ans avant ce moment et son père ou sa mère était celui ou celle de l’ancien bénéficiaire, (ii) les deux bénéficiaires étaient unis par les liens du sang ou de l’adoption à un souscripteur initial du régime et ni l’un ni l’autre n’avait atteint 21 ans avant ce moment; c) sauf en cas d’application de l’alinéa b), chaque cotisation versée au régime par un souscripteur, ou pour son compte, au titre de l’ancien bénéficiaire est réputée avoir été retirée du régime au moment donné dans la mesure où elle n’avait pas été retirée avant ce moment précis et sans incidence sur le calcul du montant retiré du régime relativement au nouveau bénéficiaire. Transferts entre régimes
Pour l’application de la présente partie, dans le cas où un bien détenu par une fiducie régie par un régime enregistré d’épargne-études (appelé « régime cédant » au présent paragraphe) est distribué, à un moment donné, à une fiducie régie par un autre semblable régime (appelé « régime cessionnaire » au présent paragraphe), les règles ci-après s’appliquent : exceeds a) sauf disposition contraire énoncée aux alinéas b) et c), le montant de la distribution est réputé ne pas avoir été versé au régime cédant; b) sous réserve de l’alinéa c), chaque cotisation versée au régime cédant à un moment antérieur par un souscripteur, ou pour son compte, au titre d’un bénéficiaire de ce régime est réputée avoir également été versée à ce moment antérieur par le souscripteur au titre de chaque bénéficiaire du régime cessionnaire; c) sauf pour l’application du présent paragraphe à une distribution effectuée après le moment donné, du paragraphe (4) à un remplacement de bénéficiaire effectué après ce moment et du paragraphe (3) à des faits s’étant produits après ce moment, l’alinéa b) ne s’applique pas par suite de la distribution si, selon le cas : (i) un bénéficiaire du régime cessionnaire était, immédiatement avant ce moment, un bénéficiaire du régime cédant, (ii) le père ou la mère d’un bénéficiaire du régime cessionnaire était le père ou la mère d’un particulier qui était, immédiatement avant ce moment, un bénéficiaire du régime cédant et : (A) le régime cessionnaire est un régime qui peut compter plus d’un bénéficiaire à un moment donné, (B) dans les autres cas, le bénéficiaire du régime cessionnaire n’avait pas atteint 21 ans au moment où ce régime a été conclu; d) dans le cas où les sous-alinéas c)(i) ou c)(ii) s’appliquent à la distribution, le montant de la distribution est réputé ne pas avoir été retiré du régime cédant; e) chaque souscripteur du régime cédant est réputé être un souscripteur du régime cessionnaire. [NOTE : Les dispositions d’application ne font pas partie du texte consolidé; voir les lois et règlements modificatifs appropriés.] Impôt payable par le souscripteur
a) le total des montants représentant chacun l’excédent cumulatif brut du souscripteur à la fin du mois relativement à un particulier; [NOTE: Application provisions are not included in this consolidated text; see relevant amending Acts and regulations.] 1994, c. 7, Sch. II, s. 165; 1998, c. 5, s. 8; 2000, c. 12, s. 142; 2024, c. 17, s. 63(F). b) le total des montants représentant chacun la partie de cet excédent qui a été retirée d’un régime enregistré d’épargne-études avant la fin du mois. Renonciation
Le ministre peut renoncer à tout ou partie de l’impôt dont le souscripteur d’un régime enregistré d’épargne-études serait redevable pour un mois selon le paragraphe (1), si ce n’était le présent paragraphe, ou l’annuler en tout ou en partie, dans le cas où il est juste et équitable de le faire compte tenu des circonstances, y compris : a) le fait que l’impôt fasse suite à une erreur raisonnable; b) le fait que, par suite d’opérations ou de faits auxquels s’appliquent les paragraphes 204.9(4) ou (5), l’impôt soit excessif; c) la mesure dans laquelle d’autres cotisations pourraient être versées à des régimes enregistrés d’épargne-études au titre de l’individu avant la fin du mois sans qu’un impôt supplémentaire ne soit payable sous le régime de la présente partie, interprétée comme si le présent article n’en faisait pas partie. Échec du mariage ou union de fait
Dans le cas où un particulier (appelé « ancien souscripteur » au présent paragraphe) cesse, à un moment donné, d’être un souscripteur d’un régime enregistré d’épargne-études par suite du règlement des droits découlant de son mariage ou union de fait avec un autre particulier (appelé « souscripteur restant » au présent paragraphe) qui est un souscripteur au régime immédiatement après ce moment, pour l’application de l’impôt payable sous le régime de la présente partie pour un mois se terminant après ce moment, chaque cotisation versée avant ce moment au régime par l’ancien souscripteur, ou pour son compte, est réputée avoir été versée au régime par le souscripteur restant et non par l’ancien souscripteur, ou pour son compte. Souscripteur décédé
Pour l’application du présent article en cas de décès d’un souscripteur, la succession du souscripteur est réputée être la même personne que le souscripteur, et être la continuation, pour chaque mois se terminant après le décès. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois modificatives appropriées.] 1994, ch. 7, ann. II, art. 165; 1998, ch. 5, art. 8; 2000, ch. 12, art. 142; 2024, ch. 17, art. 63(F). Provisions applicable to Part PART X.5 Payments Under Registered Education Savings Plans Definitions Charging provision (A + B - C) × D where (a) either D is Income Tax PART X.5 Payments Under Registered Education Savings Plans Sections 205.94-205 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1998, c. 19, s. 58; 1999, c. 22, s. 72; 2000, c. 12, s. 142; 2013, c. 34, s. 338. PART XI Definitions (a) for 2020, $150,000; and A – B where C – D where Impôt sur le revenu
Les paragraphes 150(2) et (3), les articles 152, 155 à 156.1 et 158 à 167 et la section J de la partie I s’appliquent à la présente partie, avec les adaptations nécessaires. [NOTE: Les dispositions d’application ne sont pas incluses dans le présent texte codifié; voir les lois et règlements modificatifs appropriés.] 1998, ch. 19, art. 58; 1999, ch. 22, art. 72; 2000, ch. 12, art. 142; 2013, ch. 34, art. 338.
Impôt relatif aux rentes viagères différées à un âge avancé Définitions 205 (1) Les définitions qui suivent s’appliquent au présent article. plafond de la RVDAA Pour une année civile, s’entend : a) pour 2020, de 150 000 $; b) pour chaque année postérieure à 2020, du montant (arrondi au multiple de 10 000 $ le plus proche ou, si ce montant est équidistant de deux tels multiples consécutifs, au multiple supérieur) égal à 150 000 $ rajusté pour chaque année postérieure à 2020 de la manière prévue à l’article 117.1. (ALDA dollar limit) excédent cumulatif En ce qui concerne un particulier, l’excédent à un moment donné au cours d’une année civile, calculé selon la formule suivante : A – B où : A représente le plus élevé des sommes suivantes : a) le total des sommes dont chacune représente un excédent de transfert au titre de la RVDAA du particulier au plus tard au moment donné; b) la somme calculée selon la formule suivante : C – D où : C représente le total des sommes dont chacune représente le montant d’un transfert au moment donné ou avant pour acquérir une rente viagère différée à un âge avancé pour le compte du particulier, D le plafond de la RVDAA pour l’année civile, B le total des sommes dont chacune représente le montant d’un remboursement prévu à l’alinéa g) de la définition de rente viagère différée à un âge avancé au paragraphe 146.5(1) versé au plus tard au moment donné pour le compte du particulier. (cumulative excess amount) excédent de transfert au titre de la RVDAA En ce qui concerne un particulier, la portion du montant d’un transfert effectué d’un régime déterminé en vertu de l’un des paragraphes 146(16) et 146.3(14.1) et des alinéas 147(19)d), 147.3(1)c) et 147.5(21)c) pour acquérir une definition advanced life deferred annuity in subsection 146.5(1) made at or before the particular time on behalf of the individual. (excédent cumulatif) A – B where
where (i) a defined benefit provision (as defined in subsection 147.1(1)) of the transferor plan, or rente viagère différée à un âge avancé pour le compte du particulier, calculée selon la formule suivante : A – B où : A représente le montant du transfert, B le montant calculé selon la formule suivante : 0,25(C + D) – E où : C représente la valeur totale des biens détenus au profit du particulier en vertu du régime cédant à la fin de l’année civile qui précède l’année civile du transfert, à l’exclusion des biens suivants : a) si le régime cédant est un régime de pension agréé, les biens détenus relativement : (i) soit à une disposition à prestations déterminées (au sens du paragraphe 147.1(1)) du régime cédant, (ii) soit à un fonds RVPV, au sens du paragraphe 8506(13) du Règlement de l’impôt sur le revenu, b) si le régime cédant est un régime de pension agréé collectif, les biens détenus relativement à des prestations qui seraient visées à l’alinéa 147.5(5)a) si la mention de « 8506(1)e.1) ou e.2) » était remplacée par « 8506(1)e.2) », c) si le régime cédant est un fonds enregistré de revenu de retraite, les contrats de rente détenus relativement au fonds sauf les rentes visées à l’alinéa b.1) de la définition de placement admissible au paragraphe 146.3(1), d) si le régime cédant est un régime enregistré d’épargne-retraite, les contrats de rente détenus relativement au régime sauf les rentes visées à l’alinéa c.1) de la définition de placement admissible au paragraphe 146(1), D le total des sommes dont chacune représente le montant transféré du régime cédant, au cours d’une année civile précédant celle où le transfert est effectué, pour acquérir une rente viagère différée à un âge avancé pour le compte du particulier, E le total des sommes dont chacune représente le montant d’un transfert antérieur du régime cédant pour acquérir une rente viagère différée à un âge avancé pour le compte du particulier. (excess ALDA transfer) Income Tax Sections 205-206 E is the total of all amounts each of which is the amount of a previous transfer from the transferor plan to acquire an advanced life deferred annuity on behalf of the individual. (excédent de transfert au titre de la RVDAA) [NOTE: Applicable provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 206; 2006, c. 30, s. 14; 2007, c. 35, s. 140; 2010, c. 12, s. 20; 2017, c. 33, s. 66; 2021, c. 23, s. 46; 2024, c. 17, s. 64(E).] Provisions applicable to Part plafond de la RVDAA : a) Pour l’année civile 2020, 150 000 $; b) pour chaque année civile postérieure à 2020, la somme (arrondie au plus proche multiple de 10 000 $, ou si elle est équidistante de deux tels multiples consécutifs, au multiple supérieur) qui est égale à 150 000 $ rajustée pour chaque année postérieure à 2020 de la manière prévue à l’article 117.1. (ALDA dollar limit) Impôt payable par les particuliers
Le particulier qui, à la fin d’un mois, a un excédent cumulatif doit, pour ce mois, payer un impôt selon la présente partie égal à 1 % de cet excédent. Renonciation
Le ministre peut renoncer à la totalité ou à une partie de l’impôt dont un particulier serait, compte non tenu du présent paragraphe, redevable pour un mois selon le paragraphe (2), ou l’annuler en tout ou en partie, si celui-ci établit à la satisfaction du ministre que l’excédent cumulatif qui est frappé de l’impôt était suite à une erreur raisonnable et que des mesures sont prises pour éliminer l’excédent. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés : L.R. (1985), ch. 1 (5e suppl.), art. 206; 2006, ch. 30, art. 14; 2007, ch. 35, art. 140; 2010, ch. 12, art. 20; 2017, ch. 33, art. 66; 2021, ch. 23, art. 46; 2024, ch. 17, art. 64(A).] Déclaration et paiement de l’impôt 206 (1) Toute personne qui est redevable d’un impôt en vertu de la présente partie pour tout ou partie d’une année civile doit : a) présenter au ministre, au plus tard à la date d’échéance de production qui lui est applicable pour l’année, une déclaration pour l’année en vertu de la présente partie sur le formulaire prescrit contenant les renseignements prescrits, sans préavis ni mise en demeure; b) verser au receveur général, au plus tard à la date d’exigibilité de solde qui lui est applicable pour l’année, le montant d’impôt payable par elle pour l’année en vertu de la présente partie. Dispositions applicables
Les paragraphes 150(2) et (3), les articles 152 et 158 à 167 et la section J de la partie I s’appliquent à la présente partie avec les adaptations nécessaires. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés : L.R. (1985), ch. 1 (5e suppl.), art. 206; 1994, ch. 7, ann. II.]
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 206.1; 1994, c. 7, Sch. II, s. 166; 1998, c. 19, s. 211; 2000, c. 35, s. 14; 2007, c. 35, s. 120; 2017, c. 33, s. 66.
207 [Repealed, 2017, c. 33, s. 66] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 207; 2000, c. 35, s. 14; 2007, c. 35, s. 120; 2017, c. 33, s. 66. PART XI.01 Definitions Income Tax
Impôt sur le revenu
(iii) de tout paiement effectué dans le cadre du régime en règlement de tout ou partie de la participation dans le régime d’un bénéficiaire ou particulier contrôlant du régime, (iv) du paiement ou de l’attribution d’une somme au régime par l’émetteur ou le promoteur, (iv.1) une somme versée sous le régime ou par l’effet de la Loi canadienne sur l’épargne-invalidité, de la Loi canadienne sur l’épargne-études ou d’un programme provincial désigné, (v) de tout bénéfice provenant d’un programme d’encouragement qui — dans un contexte commercial ou financier normal où des parties n’ont entre elles aucun lien de dépendance et agissent librement, prudemment et en toute connaissance de cause — est offert à une vaste catégorie de personnes, s’il est raisonnable de conclure qu’aucun des objets principaux du programme ne consiste à permettre à une personne ou à une société de personnes de profiter de l’exemption d’impôt prévue par la partie I à l’égard d’une somme relative au régime; b) tout bénéfice représentant une hausse de la juste valeur marchande totale des biens détenus dans le cadre du régime s’il est raisonnable de considérer, compte tenu des circonstances, que cette hausse est attribuable, directement ou indirectement : (i) soit à une opération ou un événement, ou à une série d’opérations ou d’événements (sauf un paiement n’excédant pas une somme raisonnable par le particulier contrôlant du régime et qui autrement serait visé à l’alinéa 20(1)bb), si la mention de « contribuable » au sous-alinéa (i) de cet alinéa valait mention de « particulier contrôlant du régime » et si la mention de « contribuable » au sous-alinéa (ii) de cet alinéa valait mention de « régime ») qui : (A) ne se serait pas produit dans un contexte commercial ou financier normal où des parties sans lien de dépendance traitent librement, prudemment et en toute connaissance de cause, (B) a pour objet principal notamment de permettre à une personne ou à une société de personnes de profiter de l’exemption d’impôt prévue par la partie I à l’égard d’une somme relative au régime, (ii) soit à un paiement reçu au titre ou en règlement total ou partiel, selon le cas : (iii) a swap transaction, or (B) of interest, of a dividend, of rent, of a royalty or of any other return on investment, or of proceeds of disposition, or (iii) a deliberate over-contribution; (d) a registered plan strip in respect of the registered plan; and (e) a prescribed benefit. (avantage) (A) d’un paiement pour des services fournis par le particulier contrôlant du régime ou par une personne avec laquelle il a un lien de dépendance, (B) d’un paiement d’intérêts, de dividende, de loyer, de redevance ou de tout autre rendement sur placement, ou d’un paiement de produit de disposition, relatif à des biens (sauf ceux détenus dans le cadre du régime) détenus par le particulier contrôlant du régime ou par une personne avec laquelle il a un lien de dépendance, (iii) soit à une opération de swap, (iv) soit à un revenu de placement non admissible déterminé qui n’a pas été versé sur le régime au particulier contrôlant de celui-ci dans les quatre-vingt-dix jours suivant le jour où ce particulier a reçu l’avis du ministre mentionné au paragraphe 207.06(4); c) tout bénéfice qui représente un revenu (déterminé compte tenu de l’alinéa 82(1)b)) ou un gain en capital et qui est raisonnable attribuable, directement ou indirectement : (i) soit à un placement interdit relativement au régime ou à tout autre régime enregistré du particulier contrôlant, (ii) soit, dans le cas d’un régime enregistré qui n’est pas un CELI, à une somme reçue par le particulier contrôlant du régime, ou par une personne avec laquelle il a un lien de dépendance, à titre de paiement intégral ou partiel de services visés à la division (A) ou des sommes visées à la division (B), s’il est raisonnable de considérer, eu égard à toutes les circonstances, que le paiement est effectué relativement à des biens détenus dans le cadre du régime ou qu’il n’aurait pas été effectué en l’absence de tels biens : (A) les services fournis par le particulier contrôlant du régime ou par une personne avec laquelle il a un lien de dépendance, (B) des intérêts, un dividende, un loyer, une redevance ou tout autre rendement sur placement, ou un produit de disposition, (iii) soit à une cotisation excédentaire intentionnelle; d) toute somme découlant d’un dépouillement de régime enregistré relatif au régime; (a) the holder of a TFSA; (b) a holder of a RDSP; (c) a subscriber of a RESP; (d) the annuitant of a RRIF or RRSP; or (e) the holder of a FHSA. (particulier contrôlant) A + B + C - D - E - F e) tout bénéfice visé par règlement. (advantage) bénéfice transitoire provenant d’un placement interdit Le bénéfice transitoire provenant d’un placement interdit d’un particulier contrôlant pour une année d’imposition correspond à la somme obtenue par la formule suivante : A - B où : A représente le total des sommes dont chacune représente un revenu (déterminé compte non tenu de l’alinéa 82(1)(b)) gagné ou un gain en capital réalisé au cours de l’année d’imposition par une fiducie régie par un FERR ou un REER du particulier qui, à la fois : a) est raisonnablement attribuable, directement ou indirectement, à un bien qui est un placement interdit et un bien interdit transitoire pour la fiducie, b) s’il s’agit d’un revenu, est gagné après le 22 mars 2011, et, s’il s’agit d’un gain en capital, s’accumule après le 22 mars 2011; B le total des sommes dont chacune représente une perte en capital, déterminée compte non tenu du sous-alinéa 40(2)(g)(ii) ni du paragraphe 40(3.4), réalisée au cours de l’année d’imposition par une fiducie régie par un FERR ou un REER du particulier qui, à la fois : a) est raisonnablement attribuable, directement ou indirectement, à un bien qui est un placement interdit et un bien interdit transitoire pour la fiducie, b) s’accumule après le 22 mars 2011. (transitionnel — prohibited investment benefit) bien d’exception [Abrogé, 2009, ch. 2, art. 68] bien exclu Est un bien exclu à un moment donné pour une fiducie régie par un régime enregistré : a) tout bien visé à l’alinéa 4900(1)j) du Règlement de l’impôt sur le revenu; b) un droit sur l’actif d’une société de placement à capital variable, d’une fiducie de fonds commun de placement ou d’un placement enregistré à l’égard duquel les conditions ci-après sont réunies : (i) selon le cas : (A) il s’agit d’un droit sur l’actif d’une société de placement à capital variable ou d’une fiducie de where A is $40,000 − G where A - B - C - D - E where (b) an exempt contribution; (b) a specified distribution; D is c) tout droit sur l’actif d’une société, d’une société de personnes ou d’une fiducie (appelées « entité de placement » au présent alinéa) à l’égard duquel les conditions ci-après sont réunies : (i) la juste valeur marchande du droit sur l’actif (appelé « droit sans lien de dépendance » au présent alinéa) de l’entité de placement qui appartient à des personnes sans lien de dépendance avec le particulier contrôlant du régime enregistré compte pour au moins 90 % de la juste valeur marchande de l’ensemble des droits sur l’actif de l’entité de placement, (ii) la juste valeur marchande totale du droit sans lien de dépendance et de la dette de l’entité de placement qui appartient à des personnes sans lien de dépendance avec le particulier contrôlant compte pour au moins 90 % de la juste valeur marchande de l’ensemble des droits sur l’actif et des dettes de l’entité de placement, (iii) le particulier contrôlant, seul ou avec des personnes avec lesquelles il a un lien de dépendance, n’a pas le droit d’exprimer au moins 10 % des voix pouvant être exprimées à l’assemblée générale de l’entité de placement, (iv) les conditions spécifiques de chaque part ou unité du droit sur l’actif de l’entité de placement détenue par la fiducie régie par le régime enregistré sont identiques ou essentiellement similaires à celles d’un droit sur l’actif donné qui fait partie du droit sans lien de dépendance, (v) la juste valeur marchande du droit sur l’actif donné visé au sous-alinéa (iv) correspond à au moins 10 % de la juste valeur marchande des droits sur l’actif de l’entité de placement qui présentent les conditions spécifiques visées au sous-alinéa (iv) ou des conditions essentiellement similaires à celles-ci, (vi) le particulier contrôlant n’a aucun lien de dépendance avec l’entité de placement, (vii) il est raisonnable de conclure qu’aucun des objets principaux de la structure de l’entité de placement, ou des conditions du droit sur l’actif, ne consiste à faciliter la mise en œuvre d’opérations ou d’événements qui pourraient modifier la juste valeur marchande des biens détenus par la fiducie régie par le régime enregistré d’une manière qui ne se manifesterait pas dans un contexte commercial ou normal. (excédent CELI) (i) either financier normal où des parties sans lien de dépendance traitent librement, prudemment et en toute connaissance de cause. (excluded property) bien interdit transitoire Est un bien interdit transitoire à un moment donné pour une fiducie régie par un régime enregistré (sauf un CELI) d’un particulier contrôlant tout bien qu’elle détient à ce moment qui : a) soit était détenu le 22 mars 2011, par une fiducie régie par un FERR ou un REER du particulier contrôlant et était un placement interdit pour cette fiducie le 23 mars 2011; b) soit était détenu le 22 mars 2017 par une fiducie régie par un REEE ou un REEI du particulier contrôlant et était un placement interdit pour cette fiducie le 23 mars 2017. (transitional prohibited property) cotisation excédentaire intentionnelle Cotisation versée à un compte d’épargne libre d’impôt par un particulier qui donne lieu à un excédent CELI, ou qui l’augmente, sauf s’il est raisonnable de conclure que le particulier ne savait pas et ne pouvait pas savoir, eu égard aux circonstances entourant une telle opération, qu’un impôt ou une conséquence semblable en était une résultante. (deliberate over-contribution) cotisation exclue Cotisation versée au cours d’une année civile à un compte d’épargne libre d’impôt par le survivant d’un particulier si les conditions suivantes sont réunies : a) la cotisation est versée au cours de la période (appelée « période de roulement » à la présente définition) qui commence au moment du décès du particulier et se termine à la fin de la première année civile commençant après le décès du particulier (ou à tout moment postérieur que le ministre estime acceptable); b) un paiement (appelé « paiement au survivant » à la présente définition), provenant directement ou indirectement d’un arrangement qui a cessé d’être un compte d’épargne libre d’impôt en raison du décès du particulier, a été fait au survivant au cours de la période de roulement, après ou au décès du particulier; c) le survivant désigne la cotisation par rapport au paiement au survivant, sur le formulaire prescrit et selon les modalités prescrites dans les trente jours suivant le versement de la cotisation (ou à tout moment postérieur que le ministre estime acceptable); d) le montant de la cotisation n’excède pas la moins élevée des sommes suivantes : l’excédent de la somme visée à la division (A) sur celle visée à la division (B) : (A) le montant du paiement au survivant, (B) le total des autres cotisations désignées par le survivant par rapport au paiement au survivant, (iii) l’excédent de la somme visée à la division (A) sur celle visée à la division (B) : (A) le produit de disposition total qui serait déterminé relativement à l’arrangement aux termes des alinéas 146.2(8)a), (10)a) ou (11)a), le cas échéant, s’il n’était pas tenu compte du paragraphe 146.2(9), (B) le total des autres cotisations excédentaires relatives à l’arrangement versées par le survivant plus au tard au moment de la cotisation, (iii) si le particulier avait un excédent CELI immédiatement avant son décès ou si les paiements visés à l’alinéa b) sont faits à plus de zéro jours après le décès, zéro somme est attribuable à la première cotisation relative à la cotisation. (exempt contribution) distribution déterminée Selon le cas : a) distribution effectuée sur un compte d’épargne libre d’impôt dans la mesure où elle représente l’une des sommes ci-après ou dans la mesure où il est raisonnable de l’attribuer à l’une de ces sommes : (i) tout avantage relatif au compte ou à tout autre compte d’épargne libre d’impôt du titulaire, (ii) tout revenu de placement non admissible déterminé, (iii) toute somme au titre de laquelle un impôt était à payer en vertu de la partie I par une fiducie régie par le compte ou par tout autre compte d’épargne libre d’impôt du titulaire, (iv) toute somme visée au sous-alinéa 207.06(1)b)(ii); b) distribution visée par règlement. (specified distribution) droits inutilisés de cotisation à un CELI Celles des sommes ci-après qui est applicable relativement à un particulier à la fin d’une année civile : (d) the amount of the contribution does not exceed the least of exceeds a) si l’année est antérieure à 2009, zéro; a.1) dans le cas où le ministre a renoncé à tout ou partie de l’impôt dont le particulier est redevable, ou l’a annulé en tout ou en partie, conformément à l’article 207.06, la somme déterminée par le ministre; b) dans les autres cas, la somme positive ou négative obtenue par la formule suivante : A + B + C + D où : A représente les droits inutilisés de cotisation à un CÉLI du particulier à la fin de l’année civile précédente, B le total des sommes représentant chacune une distribution effectuée au cours de l’année civile précédente sur un compte d’épargne libre d’impôt dont le particulier est titulaire au moment de la distribution, sauf s’il s’agit d’une distribution qui est : (i) un transfert admissible, (ii) une distribution déterminée, C : (i) le plafond CÉLI pour l’année si, au cours de l’année, le particulier est âgé de 18 ans ou plus et réside au Canada, (ii) zéro, dans les autres cas, D le total des sommes représentant chacune une cotisation versée par le particulier au cours de l’année à un compte d’épargne libre d’impôt, sauf s’il s’agit d’une cotisation qui est : (i) un transfert admissible, (ii) une cotisation exclue. (unused TFSA contribution room) droit sur l’actif Est un droit sur l’actif d’une société, d’une fiducie ou d’une société de personnes : a) l’action du capital-actions de la société; b) la participation au revenu ou au capital de la fiducie; c) la participation à titre d’associé de la société de personnes. (equity) excédent CÉLI La somme positive obtenue par la formule ci-après relativement à un particulier à un moment donné d’une année civile : A - B - C - D - E exceeds (a) a debt of the controlling individual of the registered plan; (d) prescribed property. (placement interdit) où : A représente le total des sommes représentant chacune une cotisation versée par le particulier à un compte d’épargne libre d’impôt au cours de l’année et au plus tard au moment donné, sauf s’il s’agit d’une cotisation qui est : a) un transfert admissible, b) une cotisation exclue; B les droits inutilisés de cotisation à un CÉLI du particulier à la fin de l’année civile précédente; C le total des sommes représentant chacune une distribution effectuée au cours de l’année civile précédente sur un compte d’épargne libre d’impôt dont le particulier est titulaire au moment de la distribution, sauf s’il s’agit d’une distribution qui est : a) un transfert admissible, b) une distribution déterminée; D a) si le particulier réside au Canada au cours de l’année civile, le plafond CÉLI pour l’année, b) dans les autres cas, zéro; E le total des sommes représentant chacune la partie admissible d’une distribution effectuée, au cours de l’année civile et au plus tard au moment donné, sur un compte d’épargne libre d’impôt dont le particulier était titulaire au moment de la distribution; à cette fin, la partie admissible d’une distribution correspond à celle des sommes suivantes qui est applicable : a) zéro, si la distribution est un transfert admissible ou une distribution déterminée, b) dans les autres cas, la moins élevée des sommes suivantes : (i) le montant de la distribution, (ii) la somme qui représenterait l’excédent CÉLI du particulier au moment de la distribution si le montant de la distribution était nul. (excess TFSA amount) excédent de CELIAPP Relativement à un particulier à un moment donné d’une année d’imposition, s’entend : a) de la somme obtenue par la formule suivante : A + B + C + D – E – F où : A représente : (c) a prescribed investment. registered plan means a FHSA, RDSP, RESP, RRIF, RRSP or TFSA. (i) zéro, si la période de participation maximale du particulier n’a pas commencé dans l’année d’imposition précédente, (ii) dans les autres cas, l’excédent de CELIAPP du particulier déterminé à la fin de l’année d’imposition précédente; B le total des sommes représentant chacune une cotisation versée par le particulier à un CELIAPP dans l’année d’imposition au plus tard au moment donné; C le total des sommes transférées en vertu de l’alinéa 146.1(6)a.2) dans l’année d’imposition, au plus tard au moment donné, à un CELIAPP dont le particulier est le titulaire; D la moins élevée des sommes suivantes : (i) 8 000 $ plus un montant qui aurait été le montant des cotisations reporté du particulier pour l’année d’imposition si chaque somme qui était incluse dans son revenu en vertu du paragraphe 146.6(6) et qui aurait pu être, immédiatement avant le moment donné, désignée comme un montant désigné, a été désignée comme un montant désigné, (ii) la somme obtenue par la formule suivante : 40 000 $ – G où : G représente le total des sommes qui sont déduites, auraient pu être déduites ou auraient été déductibles en vertu du paragraphe 146.6(5) relativement aux années d’imposition précédentes, si la fois : (A) aucun montant n’avait été transféré à un CELIAPP du particulier en vertu de l’alinéa 146(1)a.2), (B) malgré la division (A), un montant qui représente l’excédent du montant net de transferts de REER à CELIAPP du particulier à la fin de l’année sur le montant net de transferts de REER à CELIAPP du particulier au début de l’année avait été versé par le contribuable à un CELIAPP dans chaque année d’imposition précédente; E le total des montants désignés dont chacun représente un montant relativement à un transfert ou à un retrait effectué par le particulier dans l’année d’imposition avant le moment donné ou une somme à inclure dans le calcul du revenu du particulier en vertu du paragraphe 146.6(6) pour l’année d’imposition avant le moment donné; Income Tax
(d) a distribution to a trust governed by a RESP under circumstances to which subparagraph 204.9(5)(c)(i) or (ii) applies; (f) a refund of payments under a RESP; or (g) the non-taxable portion of a disability assistance payment made from a RDSP. (somme découlant d’un dépouillement de régime enregistré) restricted property [Repealed, 2009, c. 2, s. 68] RRSP strip [Repealed, 2017, c. 33, s. 68] specified distribution means (ii) specified non-qualified investment income, (b) a prescribed distribution. (distribution déterminée) F le total des montants dont chacun représente la fraction d’un montant à inclure dans le calcul du revenu du particulier en vertu du paragraphe 146.6(6) dans une année d’imposition précédente dans la mesure où ce montant n’a pas réduit ce qui autrement aurait été l’excédent de CELIAPP du particulier dans une année d’imposition précédente; b) si le ministre détermine que la somme obtenue par la formule figurant à l’alinéa a) devrait être moins élevée compte tenu des circonstances du particulier, de la somme qui, de l’avis du ministre, convient dans les circonstances. (excess FHSA amount) montant désigné S’entend du montant qui ne dépasse pas l’excédent de CELIAPP d’un particulier, désigné par celui-ci selon le formulaire prescrit et les modalités prescrites et s’agissant : a) soit d’un transfert conformément au sous-alinéa 146.6(7)(b)(ii), dans la mesure où il ne dépasse pas le total des sommes transférées en vertu de l’alinéa 146.6(7)(a) à un CELIAPP dont le particulier est le titulaire au plus tard au moment de la désignation, moins le total des sommes désignées antérieurement en application du présent alinéa; b) soit d’un retrait d’un CELIAPP dont le particulier est le titulaire, dans la mesure où il ne dépasse pas le total des sommes cotisées à un CELIAPP dont il est le titulaire, au plus tard au moment de la désignation, moins le total des sommes désignées antérieurement en application du présent alinéa. (designated amount) opération de swap En ce qui concerne un régime enregistré, tout transfert de bien effectué entre le régime et son particulier contrôlant ou une personne avec laquelle celui-ci a un lien de dépendance. N’est pas une opération de swap : a) tout paiement fait dans le cadre du régime en règlement de tout ou partie de la participation du particulier contrôlant dans le régime; b) tout paiement au régime qui est, selon le cas : (i) une cotisation, une prime ou une somme transférée conformément à l’alinéa 146.3(2)(f), (ii) visé aux alinéas a) ou b) de la définition de cotisation au paragraphe 146.1(1), (iii) visé à l’un des alinéas a) à d) de la définition de cotisation au paragraphe 146.4(1), (iii) described in any of paragraphs (a) to (d) of the definition contribution in subsection 146.4(1), or (d) a transfer of property from one registered plan of a controlling individual to another registered plan of the controlling individual if (iv) une somme transférée dans l’avis conformément à l’alinéa 146(16)a.2) ou à laquelle le paragraphe 146.6(7) s’applique; c) tout transfert de placement interdit ou de placement non admissible effectué à partir du régime, moyennant contrepartie, dans des circonstances où le particulier contrôlant a droit au remboursement prévu au paragraphe 207.04(4) à l’égard du transfert; d) tout transfert de bien d’un régime enregistré d’un particulier contrôlant à un autre régime enregistré de celui-ci dans le cas où les deux régimes sont, selon le cas : (i) des FERR ou des REER, (ii) des CELI, (iii) des REEI, (iv) des REEE, (v) des CELIAPP; e) tout transfert de placement interdit du régime, effectué en contrepartie, si le paragraphe (13) s’applique à tout ou partie de la contrepartie reçue par le régime; f) tout transfert de bien du régime, effectué en contrepartie de l’émission d’un titre de créance qui est un bien exclu pour la fiducie régie par le régime; g) tout paiement au régime qui constitue un paiement de titre ou en règlement du principal d’un titre de créance qui est un bien exclu pour la fiducie régie par le régime, ou un paiement d’intérêts sur un tel titre. (swap transaction) particulier contrôlant Est le particulier contrôlant d’un régime enregistré : a) le titulaire, dans le cas d’un CELI; b) tout titulaire, dans le cas d’un REEI; c) tout souscripteur, dans le cas d’un REEE; d) le rentier, dans le cas d’un FERR ou REER; e) le titulaire d’un CELIAPP. (controlling individual) placement admissible Dans le cas d’une fiducie régie par un compte d’épargne libre d’impôt pour l’achat d’une première propriété ou un compte d’épargne libre d’impôt : (opération de sauvetage) (a) for 2009 to 2012, $5,000; (b) for 2013 and 2014, $5,500; A - B where (b) accrues after March 22, 2011. (bénéfice transitoire provenant d’un placement interdit) a) placement qui serait visé à l’un des alinéas a) à d), f) et g) de la définition de placement admissible à l’article 204 si la mention « fiducie régie par un régime de participation différée aux bénéfices ou en vertu dont l’accord est retiré » à cette définition était remplacée par « fiducie régie par un compte d’épargne libre d’impôt pour l’achat d’une première propriété ou un compte d’épargne libre d’impôt » et s’il n’était pas tenu compte du passage « sauf s’il s’agit de biens exclus relativement à la fiducie » à cette définition; b) contrat relatif à une rente établie par un fournisseur de rentes autorisé, si les conditions suivantes sont réunies : (i) la fiducie est la seule personne qui, s’il est fait abstraction d’un transfert subséquent du contrat par la fiducie, a droit ou peut avoir droit à des paiements de rente dans le cadre du contrat; (ii) le titulaire du contrat a le droit d’exiger le rachat de celui-ci à tout moment pour une somme qui, s’il n’était pas tenu compte de frais de vente d’administration raisonnables, correspondrait par ailleurs à la valeur des fonds qui pourraient servir à faire des paiements de rente prévus pour des futurs dans le cadre du contrat; c) placement visé par règlement. (qualified investment) placement interdit Est un placement interdit à un moment donné pour une fiducie régie par un régime enregistré tout bien (sauf un bien exclu pour la fiducie) qui est, à ce moment : a) une dette du particulier contrôlant du régime; b) une action du capital-actions ou une dette d’une des entités ci-après ou une participation dans une des entités : (i) une société, une société de personnes ou une fiducie dans laquelle le particulier contrôlant a une participation notable, (ii) une personne ou une société de personnes ayant un lien de dépendance avec le particulier contrôlant; c) un intérêt ou, pour l’application du droit civil, un droit sur une action, une participation ou une dette visée aux alinéas a) ou b), ou un droit d’acquérir une telle action, participation ou dette; d) un bien visé par règlement. (prohibited investment) A + B + C - D where (ii) a specified distribution, C is (ii) an exempt contribution. (droits inutilisés de cotisation à un CELI) placement non admissible Dans le cas d’une fiducie régie par un régime enregistré, tout bien qui n’est pas un placement admissible pour la fiducie. (non-qualified investment) plafond CELI a) Pour chaque année civile postérieure à 2008 et antérieure à 2013, 5 000 $; b) pour l’année civile 2013 ou 2014, 5 500 $; c) pour l’année civile 2015, 10 000 $; d) pour chaque année civile postérieure à 2015, la somme — arrondie au plus proche multiple de 500 $ ou, si elle est équidistante de deux tels multiples consécutifs, au multiple de 500 $ supérieur — qui excède 5 000 $ rajustée pour chaque année postérieure à 2009 de la manière prévue à l’article 117.1. (TFSA dollar limit) régime enregistré Compte d’épargne libre d’impôt, compte d’épargne libre d’impôt pour l’achat d’une première propriété, fonds enregistré de revenu de retraite, régime enregistré d’épargne-études, régime enregistré d’épargne-invalidité ou régime enregistré d’épargne-retraite. (registered plan) remboursement admissible Le remboursement admissible d’une personne pour une année civile correspond au total des sommes dont chacune représente un remboursement pour l’année auquel elle a droit en vertu de l’article 207.04(4). (allowable refund) revenu de placement non admissible Déterminé En ce qui concerne un régime enregistré et son particulier contrôlant, tout revenu (déterminé comme tel en vertu de l’alinéa 82(1)b)) ou gain en capital qu’il est raisonnable d’attribuer, directement ou indirectement, à une somme au titre de laquelle un impôt était payable en vertu de la partie 1 par une fiducie régie par le régime ou tout autre régime enregistré du particulier contrôlant. (specified non-qualified investment income) somme découlant d’un dépouillement de REER [Abrogée, 2017, ch. 33, art. 68] somme découlant d’un dépouillement de régime enregistré Relativement à un régime enregistré qui n’est pas un CELI, le montant d’une réduction de la valeur marchande des biens détenus dans le cadre du régime effectuée dans le cadre d’une opération, d’un événement ou d’une série d’opérations ou événements dont l’un des objets principaux consiste à procurer au particulier contrôlant du régime ou à une personne avec laquelle il a un lien de dépendance d’obtenir un bénéfice soit relativement à des biens détenus dans le cadre du régime, soit par suite de la réduction. Est exclue de ce montant toute somme qui est, selon le cas : a) une somme incluse dans le revenu d’une personne en application des articles 146, 146.1, 146.3, 146.4 ou 146.6; b) un retrait exclu selon les articles 146.01 ou 146.02; b.1) un retrait admissible en vertu de l’article 146.6; b.2) un montant désigné; c) une somme visée aux paragraphes 146(16), 146.3(14.2) ou 146.4(8); d) une distribution à une fiducie régie par un REEE à laquelle les sous-alinéas 204.9(5)c)(i) ou (ii) s’appliquent; e) un paiement de revenu accumulé à un REEI selon le paragraphe 146.1(2.2); f) un remboursement de paiements effectués dans le cadre d’un REEE; g) la partie non imposable d’un paiement d’aide à l’invalidité effectué dans le cadre d’un REEI. (registered plan strip) transfert admissible Le transfert d’une somme à partir d’un compte d’épargne libre d’impôt dont un particulier est titulaire, laquelle somme : a) est transférée directement à un autre compte d’épargne libre d’impôt dont le titulaire est le particulier; b) est transférée directement à un autre compte d’épargne libre d’impôt dont le titulaire est l’époux ou le conjoint de fait, l’ex-époux ou l’ex-conjoint de fait, du particulier, si les conditions suivantes sont réunies : (i) les particuliers en cause vivent séparés l’un de l’autre au moment du transfert, (ii) le transfert est effectué en vertu d’une ordonnance ou d’un jugement rendu par un tribunal compétent, ou en vertu d’un accord écrit entre eux, visant à partager des biens entre les particuliers en règlement des droits découlant du mariage ou de l’union de fait ou de son échec. (qualifying transfer) Interpretation exceeds
Subsection (9) applies in respect of a property if Income Tax
Subsection (11) applies in respect of a property if Impôt sur le revenu
Bien réputé être un placement interdit
En cas d’application du présent paragraphe relativement à un bien, le bien est réputé être un placement interdit au moment en cause et par la suite pour chaque fiducie régie par un régime enregistré (sauf un CELI) du particulier contrôlant visé à l’alinéa (8)a). Échec de mariage ou de l’union de fait
Le paragraphe (11) s’applique relativement à un bien si les conditions ci-après sont réunies : a) le bien est transféré à un moment donné (appelé « moment du transfert » au présent paragraphe et au paragraphe (11)) par une fiducie (appelée « fiducie cédante » à ces paragraphes) régie par un FERR ou un REER d’un particulier contrôlant (appelé « cédant » à ces mêmes paragraphes) en application de l’alinéa 146(16)b) ou du paragraphe 146.3(14) à une fiducie (appelée « fiducie bénéficiaire » au paragraphe (11)) régie par un FERR ou un REER dont le bénéficiaire est l’époux ou le conjoint de fait (appelés « bénéficiaire » au présent paragraphe et au paragraphe (11)) du cédant et le particulier contrôlant; b) le bien est un placement interdit et un bien interdit transitoire pour la fiducie cédante immédiatement avant le moment du transfert; c) le cédant a fait le choix prévu au paragraphe 207.05(4); d) le cédant et le bénéficiaire — ou, si le bien est transféré par suite du décès du cédant, le représentant légal du cédant et le bénéficiaire — font conjointement, sur le formulaire prescrit, un choix afin que le paragraphe (11) s’applique relativement au bien et ce formulaire est présenté au ministre au plus tard le quatre-vingt-dixième jour suivant la fin : (i) de l’année d’imposition du bénéficiaire qui comprend le moment du transfert, si le bien est transféré par suite du décès du cédant, (ii) de l’année d’imposition du cédant qui comprend le moment du transfert, dans les autres cas; e) une somme (appelée « somme désignée » au paragraphe (11)) est indiquée sur le formulaire prescrit visé à l’alinéa d) relative au bien qui : Income Tax
(d) notwithstanding any other provision of this Act, the designated amount is deemed to be Exchange of property Impôt sur le revenu
(i) d’une part, est au moins égale au prix de base rajusté du bien pour la fiducie cédante immédiatement avant le moment du transfert, (ii) d’autre part, n’excède pas la somme déterminée selon le sous-alinéa (i) ou, si elle est plus élevée, la juste valeur marchande du bien au moment du transfert. Échec de mariage ou de l’union de fait
En cas d’application du présent paragraphe relativement à un bien, les règles ci-après s’appliquent : a) le bien est réputé être, au moment du transfert et par la suite, un bien qui était détenu, le 22 mars 2011, par une fiducie régie par un FERR ou un REER du bénéficiaire et qui était un placement interdit pour la fiducie le 23 mars 2011; b) dans le cas où le bien ne serait pas un placement interdit pour la fiducie bénéficiaire immédiatement après le moment du transfert en l’absence du présent alinéa, il est réputé être un placement interdit au moment et par la suite pour l’ensemble des fiducies régies par un FERR ou un REER du bénéficiaire; c) le bénéficiaire est réputé avoir fait le choix prévu au paragraphe 207.05(4); d) malgré les autres dispositions de la présente loi, la somme désignée est réputée être, à la fois : (i) le produit de disposition pour la fiducie cédante provenant du transfert visé à l’alinéa (10)a), (ii) le coût du bien pour une fiducie régie par un FERR ou un REER du bénéficiaire jusqu’à ce que celle-ci dispose du bien. Échange de biens
Le paragraphe (13) s’applique relativement à un bien autre que de l’argent si les conditions ci-après sont réunies : a) le bien est acquis à un moment donné (appelé « moment de l’échange » au présent paragraphe et au paragraphe (13)) par une fiducie (appelée « fiducie échangeuse » au présent paragraphe) régie par un régime enregistré (sauf un CELI) d’un particulier contrôlant en échange d’un autre bien (appelé « bien échangé » au présent paragraphe) dans le cadre d’une opération à laquelle l’article 51, le paragraphe 85(1) ou l’un des articles 85.1, 86 et 87 s’applique; b) le bien échangé est un placement interdit, et un placement interdit transitoire, pour le (d) in the case of a property held under a RRIF or RRSP, the controlling individual elected under subsection 207.05(4). Exchange of property b) le bien échangé est un placement interdit et un bien interdit transitoire pour la fiducie échangeuse immédiatement avant le moment de l’échange; c) le bien est ou serait, si le paragraphe 4900(14) du Règlement de l’impôt sur le revenu s’appliquait compte non tenu de son alinéa b), un placement admissible de la fiducie échangeuse immédiatement après le moment de l’échange; d) dans le cas d’un bien détenu par un REEE ou un REEI, le particulier contrôlant a fait le choix prévu au paragraphe 207.05(4). Échange de biens
En cas d’application du présent paragraphe relativement à un bien, les règles ci-après s’appliquent : a) sauf pour l’application du paragraphe (7), le bien est réputé être, au moment de l’échange et par la suite, un bien qui : (i) dans le cas d’une fiducie régie par un FERR ou un REER, à la fois : (A) était détenu le 22 mars 2011 par une fiducie régie par un FERR ou un REER du particulier contrôlant mentionné au paragraphe (12), (B) était un placement interdit pour la fiducie le 23 mars 2011, (ii) dans le cas d’une fiducie régie par un REEE ou un REEI, à la fois : (A) était détenu le 22 mars 2017 par une fiducie régie par un REEE ou un REEI du particulier contrôlant mentionné au paragraphe (12), (B) était un placement interdit pour la fiducie le 23 mars 2017; b) dans le cas où le bien ne serait pas un placement interdit pour la fiducie échangeuse immédiatement après le moment de l’échange en l’absence du présent alinéa, il est réputé être un placement interdit au moment de l’échange et par la suite pour toute fiducie régie par un régime enregistré (sauf un CELI) du particulier contrôlant. [NOTE: Les dispositions d’application ne sont pas incluses dans ce recueil officiel; voir les modifications pertinentes apportées aux articles et règlements : 2008, c. 28, s. 45; 2010, c. 25, s. 69; 2011, c. 24, s. 46; 2013, c. 40, s. 14; 2016, c. 48, s. 319; 2021, c. 15, s. 89; 2022, c. 19, s. 50; 2023, c. 26, s. 55; 2024, c. 17, s. 86.] Impôt à payer sur l’excédent CELI
Income Tax Sections 207.02-207.03 exceeds Tax payable on non-resident contributions (b) nil, b) le moment où le particulier devient un résident au Canada. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2008, ch. 28, art. 31; 2009, ch. 2, art. 69. Impôt à payer sur les placements interdits ou non admissibles
Montant de l’impôt à payer
L’impôt à payer au titre de chaque bien visé au paragraphe (1) correspond à 50 % de la juste valeur marchande du bien au moment mentionné à ce paragraphe. Placement à la fois interdit et non admissible
Pour l’application du présent article et des paragraphes 146.1(1), 146.1(5), 146.2(6), 146.3(9), 146.4(5) et 207.01(6), si une fiducie régie par un régime enregistré détient, à un moment donné, un bien qui est à la fois un placement interdit et un placement non admissible pour elle, le bien est réputé, à ce moment, ne pas être un placement non admissible pour elle. Il continue toutefois d’être un placement interdit pour elle. Remboursement d’impôt — disposition d’un placement
Dans le cas où une fiducie régie par un régime enregistré dispose, au cours d’une année civile, d’un bien à l’égard duquel le particulier contrôlant du régime est tenu de payer l’impôt prévu au paragraphe (1), le particulier contrôlant a droit au remboursement pour l’année de celles des sommes ci-après qui est applicable : a) sauf en cas d’application de l’alinéa b), le montant d’impôt en cause; b) zéro si, selon le cas : (i) il est raisonnable de considérer que le particulier contrôlant savait ou aurait dû savoir, au moment où le bien a été acquis par la fiducie, que celui-ci était un bien visé au paragraphe (1), (ii) la fiducie ne dispose pas du bien avant la fin de l’année civile suivant celle au cours de laquelle l’impôt a pris naissance ou à tout moment postérieur que le ministre estime raisonnable dans les circonstances. Apportionment of refund
[Repealed, 2010, c. 25, s. 58] 2009, c. 28, s. 31; 2010, c. 25, s. 7, 10; 2010, c. 25, s. 58; 2011, c. 24, s. 48; 2013, c. 40, s. 75; 2017, c. 33, s. 69. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2008, c. 28, s. 31; 2010, c. 25, s. 59; 2011, c. 24, s. 66; 2013, c. 40, s. 76; 2017, c. 33, s. 70. Règle transitoire
Si un particulier en fait le choix avant le 2 mars 2013 sur le formulaire prescrit, le paragraphe (1) ne s’applique pas relativement à tout avantage qui est une somme incluse dans le calcul du bénéfice transitoire provenant d’un placement interdit du particulier pour une année d’imposition, pourvu que ce bénéfice : a) soit versé au particulier, sur un FERR ou un REER de celui-ci, au plus tard le 2 avril 2013 ou, s’il est postérieur, le quatre-vingt-dixième jour suivant la fin de l’année d’imposition; b) ne soit pas versé au moyen d’un transfert à un autre FERR ou REER du particulier. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs pertinents.] 2008, ch. 28, art. 31; 2010, ch. 25, art. 59; 2011, ch. 24, art. 66; 2013, ch. 40, art. 76; 2017, ch. 33, art. 70. Renonciation
a) le particulier convainc le ministre que l’obligation de payer l’impôt fait suite à une erreur raisonnable; b) sont effectuées sans délai sur un compte d’épargne libre d’impôt dont le particulier est titulaire une ou plusieurs distributions dont le total est au moins égal au total des sommes suivantes : (i) la somme sur laquelle le particulier serait par ailleurs redevable de l’impôt, (ii) le revenu, y compris le gain en capital, qu’il est raisonnable d’attribuer, directement ou indirectement, à la somme visée au sous-alinéa (i). Renonciation de l’impôt à payer
Le ministre peut renoncer à tout ou partie de l’impôt dont une personne serait redevable par ailleurs en vertu de la présente partie par l’effet du paragraphe 207.04(1) ou de l’article 207.05, ou l’annuler en tout ou en partie, dans la mesure où il est juste et équitable de le faire compte tenu de toutes les circonstances, y compris : a) le fait que l’impôt fait suite à une erreur raisonnable; b) la mesure dans laquelle l’opération ou la série d’opérations qui a donné lieu à l’impôt a également donné lieu à un autre impôt prévu par la présente loi; Income inclusion Multiple holders or subscribers Refund --- vertu de l’article 207.02 or 207.03, selon le cas, est appliquée en réduction de celui à payer pour l’année en vertu de l’article 207.05. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2010, ch. 25, art. 61. Déclaration et paiement de l’impôt
a) produire auprès du ministre pour l’année en vertu du présent paragraphe une déclaration sur le formulaire prescrit contenant les renseignements prescrits, notamment : (i) une estimation de son impôt à payer en vertu de la présente partie pour l’année, (ii) une estimation du montant de son remboursement admissible pour l’année; b) verser au receveur général l’excédent du montant de son impôt à payer en vertu de la présente partie pour l’année sur le montant de son remboursement admissible pour l’année. Plusieurs titulaires ou souscripteurs (1.1) Dans le cas où plusieurs titulaires d’un régime enregistré d’épargne-invalidité ou plusieurs souscripteurs d’un régime enregistré d’épargne-études sont solidairement redevables d’un impôt en vertu de la présente partie pour une année civile relativement au régime : a) d’une part, le paiement effectué par l’un des titulaires ou souscripteurs au titre de cet impôt éteint d’autant l’obligation; b) d’autre part, la déclaration produite par l’un des titulaires ou souscripteurs en vertu de la présente partie pour l’année est réputée avoir été produite par chacun des autres titulaires au titre de l’obligation à laquelle la déclaration a trait. Remboursement
Dans le cas où une personne a produit une déclaration en vertu de la présente partie pour une année civile dans les trois ans suivant la fin de l’année, le ministre : a) peut, au moment de l’envoi de l’avis de cotisation pour l’année, rembourser sans que demande lui en soit faite le montant de tout remboursement admissible de la personne pour l’année, dans la mesure où il n’a pas été affecté en réduction de son impôt à payer aux termes de l’alinéa (1)b); Income Tax Sections 207.01-207.1 Provisions applicable to Part [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2008, c. 28, s. 31; 2010, c. 25, s. 62; 2013, c. 40, s. 79; 2017, c. 33, s. 71. PART XI.1
[Repealed, 2017, c. 33, s. 72]
[Repealed, 2011, c. 24, s. 68] Impôt sur le revenu
b) rembourse le montant visé à l’alinéa a), avec diligence, après l’envoi de l’avis de cotisation, si la personne en a fait la demande par écrit dans les trois ans suivant la date d’envoi du premier avis de cotisation pour l’année. Dispositions applicables
Les paragraphes 150(2) et (3), les articles 152 et 158 à 167 et la section J de la partie I s’appliquent à la présente partie, avec les adaptations nécessaires. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois modificatives et règlements appropriés.] 2008, ch. 28, art. 31; 2010, ch. 25, art. 62; 2013, ch. 40, art. 79; 2017, ch. 33, art. 71.
Impôt relatif aux régimes de revenu différé et à d’autres personnes exonérées d’impôt
Impôt payable par les fiducies régies par des régimes de participation différée aux bénéfices
La fiducie régie par un régime de participation différée aux bénéfices et qui, à la fin d’un mois donné, détient des biens qui ne sont ni un placement admissible (au sens de l’article 204) ni une police d’assurance-vie (visée aux alinéas 198(6)c) à 198(6)e) ou au paragraphe 198(6.1)) doit, pour ce mois, en vertu de la présente partie, payer un impôt égal à 1 % de la juste valeur marchande des biens au moment où ils ont été acquis par la fiducie, de tous ces biens qu’elle détient à la fin du mois, autres que a) les biens pour l’acquisition desquels la fiducie a payé ou est tenue de payer un impôt en vertu du paragraphe 198(1); b) les biens acquis par la fiducie avant le 25 août 1972.
[Abrogé, 2017, ch. 33, art. 72]
[Abrogé, 2011, ch. 24, art. 68] Impôt à payer au titre d’une convention d’acquisition d’actions
Le contribuable dont le revenu imposable est exonéré de l’impôt prévu à la partie I et qui convient (autrement que par suite de l’acquisition ou de la levée par écrit d’une option inscrite à une bourse de valeurs désignée) d’acquérir une action du capital-actions d’une société (autres qu’une personne autre que la société) à un prix Income Tax Sections 207.1-207.2 NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 207.1; 1996, c. 21, s. 58; 2007, c. 35, s. 16; 2007, c. 36, s. 18; 2011, c. 24, s. 48; 2017, c. 33, s. 72. Liability of trustee Provisions applicable to Part NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: 1973-74, c. 33, s. 26; 1974-75-76, c. 6, s. 13; 1976, c. 11; 1979, c. 5, s. 60; 1980-81-82-83, c. 48, s. 115; 1985, c. 45, s. 124; 1986, c. 6, s. 113. Impôt sur le revenu
prix qui peut différer de la juste valeur marchande de l’action au moment où l’action peut être acquise doit payer en vertu de la présente partie, pour chaque mois où il est partie à la convention, un impôt égal au total des sommes représentant chacune l’excédent éventuel du montant d’un dividende sur l’action au cours du mois où il est partie à la convention sur le montant du dividende qu’il reçoit. NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés: L.R. (1985), ch. 1 (5e suppl.), art. 207.1; 1996, ch. 21, art. 58; 2007, ch. 35, art. 16; 2007, ch. 36, art. 18; 2011, ch. 24, art. 48; 2017, ch. 33, art. 72. Déclaration et paiement de l’impôt
a) produire auprès du ministre, sans avis ni mise en demeure, une déclaration pour l’année en vertu de la présente partie, selon le formulaire prescrit et contenant les renseignements prescrits; b) estimer dans cette déclaration l’impôt dont il est redevable en vertu de la présente partie pour chaque mois de l’année; c) verser cet impôt au receveur général. Responsabilité du fiduciaire
Le fiduciaire d’une fiducie qui est assujettie à l’impôt en application de la présente partie qui ne remet pas au receveur général le montant de l’impôt, dans le délai imparti, est personnellement tenu de verser, au nom de la fiducie, le montant total de l’impôt et a le droit de recouvrer de la fiducie toute somme ainsi versée. Dispositions applicables
Les paragraphes 150(2) et (3), les articles 152 et 158, les paragraphes 161(1) et (11), les articles 162 à 167 et la section J de la partie I s’appliquent à la présente partie, avec les adaptations nécessaires. NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés: 1973-74, ch. 33, art. 26; 1974-75-76, ch. 6, art. 13; 1976, ch. 11; 1979, ch. 5, art. 60; 1980-81-82-83, ch. 48, art. 115; 1985, ch. 45, art. 124; 1986, ch. 6, art. 113. PART XI.2 Tax in Respect of Dispositions of Certain Properties [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 207.3; 1994, c. 7, Sch. II, s. 168; 1999, c. 22, s. 74. Ecological gift — tax payable (i) disposes of the property, or Ecological gift — amount of tax Provisions applicable to Part PART XI.3 Tax in Respect of Retirement Compensation Arrangements Definitions
(iii) de tout paiement effectué dans le cadre de la convention qui est inclus dans le calcul du revenu d’un contribuable en vertu de la partie I; b) tout bénéfice qui représente une hausse de la juste valeur marchande totale des biens déterminés de la convention qu’il est raisonnable de considérer, compte tenu des circonstances, comme étant attribuable, directement ou indirectement, à une opération, à un événement ou à une série d’opérations ou d’événements dont l’un des objets principaux consistait à permettre à une personne ou à une société de personnes de tirer profit d’une disposition de la présente partie ou de l’exemption d’impôt prévue à l’alinéa 149(1)(q.1) et qui, selon le cas : (i) ne se serait pas produit dans un contexte commercial ou financier normal où les parties n’ont entre elles aucun lien de dépendance et agissent prudemment, prudemment, en toute connaissance de cause, (ii) comportait un paiement reçu au titre ou en règlement total ou partiel, selon le cas : (A) d’un paiement de services fournis par une personne qui est ou qui a un lien de dépendance avec un bénéficiaire déterminé de la convention ou par une personne avec laquelle il a un lien de dépendance; (B) d’un paiement d’intérêts, de dividende, de loyer, de redevance ou de tout autre rendement sur placement, ou du produit de disposition, relatif à des biens (à l’exclusion des biens déterminés de la convention) détenus par un bénéficiaire déterminé de la convention ou par une personne avec laquelle il a un lien de dépendance; c) tout bénéfice qui représente un revenu ou un gain en capital qu’il est raisonnable d’attribuer, directement ou indirectement : (i) soit à un placement interdit relativement à la convention, (ii) soit à une somme reçue par un bénéficiaire déterminé de la convention ou par une personne avec laquelle celui-ci a un lien de dépendance, s’il est raisonnable de considérer, compte tenu des circonstances, que la somme a été payée relativement à des biens déterminés de la convention ou qu’elle n’aurait pas été payée en l’absence de tels biens et qu’elle a été payée au titre ou en règlement total ou partiel, selon le cas : (B) of interest, of a dividend, of rent, of a royalty or of any other return on investment, or of proceeds of disposition, (d) an RCA strip in respect of the arrangement, and (e) a prescribed benefit; (avantage) (a) a debt of a specified beneficiary of the arrangement, (d) prescribed property; (placement interdit) (A) d’un paiement pour des services fournis par le bénéficiaire déterminé ou par une personne avec laquelle il a un lien de dépendance, (B) d’un paiement d’intérêts, de dividende, de loyer, de redevance ou de tout autre rendement sur placement, ou d’un paiement de produit de disposition; d) toute somme découlant d’un dépouillement de CR relatif à la convention; e) tout bénéfice visé par règlement. (avantage) bénéficiaire déterminé Est le bénéficiaire déterminé d’une convention de retraite le particulier qui a un droit relatif à la convention et qui a un lien de participation notable dans un employeur ou dans un employeur relativement à la convention. (specified beneficiary) bien déterminé d’une convention de retraite Bien déterminé en rapport avec une convention de retraite. (subject property of a retirement compensation arrangement) convention déterminée Une convention de retraite dont l’objet principal est de prévoir des paiements de prestation de retraite à effectuer périodiquement à intervalles ne dépassant pas un an qui sont versés, selon le cas: a) comme prestations complémentaires prévues dans le cadre: (i) d’un régime de pension agréé, (ii) d’un régime enregistré d’épargne-retraite, (iii) d’un régime de participation différée, (iv) d’un régime de pension agréé collectif, (v) de toute combinaison des régimes visés aux sous-alinéas (i) à (iv); b) aux termes d’une convention qui, en l’absence du paragraphe 147.1(8) et de l’article 8504 du Règlement de l’impôt sur le revenu, se conformerait pour l’essentiel aux conditions d’agrément réglementaires pour un régime de pension agréé en vertu de l’article 8501 du même règlement. (specified arrangement) cotisation exclue Une somme payée ou payable dans le cadre d’une convention déterminée pour obtenir ou renouveler une lettre de crédit ou un cautionnement émis par une institution financière pour garantir les futurs Income Tax PART XI.3 Tax in Respect of Retirement Compensation Arrangements
exceeds exceeds --- Impôt sur le revenu
a) Fiducie réputée constituée en ce qui concerne les biens déterminés d’une convention de retraite, en vertu du paragraphe 207.6(1); b) fiducie prévue par une convention de retraite. (RCA trust) impôt remboursable S’agissant de l’impôt remboursable d’une convention de retraite à la fin d’une année d’imposition d’une fiducie de convention de retraite, l’excédent éventuel du total des montants suivants : a) la moitié des cotisations versées (sauf une cotisation exclue versée après le 27 mars 2023) dans le cadre de la convention avant la fin de l’année alors qu’elle était une convention de retraite; b) la moitié de l’excédent éventuel, quant à chaque montant, du total visé au sous-alinéa (i) (i) le total des montants dont chacun représente soit le revenu — calculé compte non tenu de l’alinéa 82(1)b) — d’une fiducie de convention de retraite, provenant d’une entreprise ou d’un bien pour l’année ou pour une année d’imposition antérieure, soit un gain en capital de la fiducie pour l’année ou pour une année d’imposition antérieure, sur : (ii) le total des montants dont chacun représente soit une perte d’une fiducie de convention de retraite, provenant d’une entreprise ou d’un bien pour l’année ou pour une année d’imposition antérieure, soit une perte en capital de la fiducie pour l’année ou pour une année d’imposition antérieure, sur : c) la moitié des montants payés attribués à une personne ou répartis entre plusieurs — y compris les montants qui doivent être inclus dans le calcul du revenu du bénéficiaire en vertu de l’alinéa 12(1)n.3) — provenant de la convention avant la fin de l’année alors qu’elle était une convention de retraite, sauf s’il est établi, par des événements ultérieurs ou autrement, que les montants ainsi payés font partie d’une série de cotisations et de remboursements de cotisations dans le cadre de la convention. (refundable tax) participation notable S’entend au sens du paragraphe 207.01(4). (significant interest) Income Tax PART XI.3 Tax in Respect of Retirement Compensation Arrangements
(i) a registered pension plan, (ii) a registered retirement savings plan, (iii) a deferred profit sharing plan, (iv) a pooled registered pension plan, or (convention déterminée) Election Impôt sur le revenu
placement interdit Est un placement interdit à un moment donné pour une convention de retraite tout bien (sauf un bien exclu visé par règlement) qui est, à ce moment : a) une dette d’un bénéficiaire déterminé de la convention; b) une action du capital-actions ou une dette d’une des entités ci-après ou une participation dans une de ces entités : (i) une société, une société de personnes ou une fiducie dans laquelle le bénéficiaire déterminé a une participation notable, (ii) une personne ou une société de personnes qui a un lien de dépendance avec le bénéficiaire déterminé ou qui lui est affiliée; c) un intérêt ou, pour l’application du droit civil, un droit sur une action, une participation ou une dette visée aux alinéas a) ou b), ou un droit d’acquérir une telle action, participation ou dette; d) un bien visé par règlement. (prohibited investment) somme découlant d’un dépouillement de CR Relativement à une convention de retraite, le montant d’une réduction de la juste valeur marchande de biens déterminés de la convention effectuée dans le cadre d’une opération, d’un événement ou d’une série d’opérations ou d’événements dont l’un des objets principaux consiste à permettre à un bénéficiaire déterminé de la convention ou à une personne ou une société de personnes avec laquelle il a un lien de dépendance de tirer profit d’une disposition de la présente partie ou d’un avantage au titre de biens déterminés de la convention ou par suite de la réduction. Est exclue de la somme toute réduction de somme qui est incluse dans le calcul du revenu du bénéficiaire déterminé ou de son employeur ou ancien employeur. (RCA strip) Choix
Malgré la définition d’impôt remboursable au paragraphe (1), lorsque le dépositaire d’une convention de retraite en fait le choix dans la déclaration produite en vertu de la présente partie pour une année d’imposition d’une fiducie de convention de retraite et que tous les biens déterminés de la convention (sauf le droit de demander un remboursement, prévu au paragraphe 164(1) ou 207.7(2) – à la fin de l’année consistent uniquement en liquidités, créances, actions cotées à une bourse de valeurs désignée ou unités d’une fiducie de fonds commun de placement cotées à une bourse de valeurs désignée, le Income Tax PART XI.3 Tax in Respect of Retirement Compensation Arrangements Sections 207.5-207.6 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1987, c. 46, s. 62; 2007, c. 35, s. 68; 2012, c. 31, s. 44; 2024, c. 15, s. 16; 2024, c. 17, s. 68. Life insurance policies Impôt sur le revenu
total des montants suivants est réputé, pour l’application de la présente partie, être l’impôt remboursable de la convention à la fin de l’année : a) le montant des liquidités à la fin de l’année; b) le total des montants dont chacun représente le plus élevé du principal non remboursé d’une créance à la fin de l’année et de la juste valeur marchande de la créance à la fin de l’année; c) la juste valeur marchande de ces actions ou de ces unités à la fin de l’année.
Le paragraphe (2) ne s’applique pas relativement à une fiducie de convention de retraite s’il est raisonnable d’attribuer une partie de la diminution de la juste valeur marchande des biens déterminés de la convention de retraite à un placement interdit pour la fiducie ou à un avantage relatif à celle-ci, à moins que le ministre ne soit convaincu qu’il est juste et équitable dans les circonstances de permettre que l’élection prévue à ce paragraphe soit faite, auquel cas il peut rajuster la somme réputée, par le paragraphe (2), être l’impôt remboursable de la convention de façon à tenir compte de tout ou partie de la diminution de la juste valeur marchande des biens déterminés. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1987, ch. 46, art. 62; 2007, ch. 35, art. 68; 2012, ch. 31, art. 44; 2024, ch. 15, art. 16; 2024, ch. 17, art. 68. Fiducie réputée constituée
a) une fiducie est réputée constituée à la date d’établissement de la convention; b) les biens déterminés de la convention sont réputés être les biens de la fiducie et non ceux d’une autre personne; c) le dépositaire de la convention est réputé être le fiduciaire qui a la propriété ou le contrôle des biens de la fiducie. Polices d’assurance-vie
Pour l’application de la présente partie et de la partie I, lorsque, en vertu d’un régime ou mécanisme, un employeur est tenu de fournir des avantages que doit recevoir ou dont doit jouir une personne au moment d’un changement important des services rendus par un contribuable, au moment de la retraite de celui-ci ou au moment de la perte de sa charge ou de son emploi, après ce moment ou en prévision de ce moment et que cet employeur ou ancien employeur ou une personne ou société de personnes avec laquelle il a un lien de dépendance acquièrent un intérêt dans une police d’assurance-vie qu’il est raisonnable de considérer comme acquis en vue de financer, en tout ou en partie, ces avantages, les règles suivantes s’appliquent si le régime ou mécanisme n’est pas par ailleurs une convention de retraite et n’est pas exclu de la définition de convention de retraite au paragraphe 248(1) par l’un des alinéas a) à l) et n) de cette définition : a) l’acquéreur de l’intérêt est réputé être le dépositaire d’une convention de retraite; b) l’intérêt est réputé être un bien déterminé de la convention; c) le double de toute prime versée ou de tout remboursement d’avance sur police, au titre de l’intérêt dans la police, est réputé être une cotisation versée dans le cadre de la convention; d) tout paiement reçu au titre de l’intérêt, notamment un prêt sur police, et tout montant d’impôt remboursable reçu sont réputés directement provenir de la convention et être reçus par le bénéficiaire et sont réputés ne pas être des paiements de d’autres paiements. Employé constitué en société
Pour l’application des dispositions de la présente loi sur les conventions de retraite, dans le cas où : a) d’une part, une société qui, à un moment donné, exploitait une entreprise de prestation de services personnels, ou un employé de cette société établit un régime ou mécanisme avec une personne ou société de personnes — appelée « employeur » au présent paragraphe — à laquelle la société rend des services; b) d’autre part, le régime ou mécanisme prévoit des avantages qui doivent être reçus ou dont doit jouir une personne au moment de la cessation ou d’un changement important des services que la société ou un employé de celle-ci rend à l’employeur, après ce moment ou en prévision de ce moment, les règles suivantes s’appliquent : c) l’employeur et la société sont réputés avoir entre eux un lien employeur-employé; Income Tax PART XI.3 Tax in Respect of Retirement Compensation Arrangements
Impôt sur le revenu
d) les avantages que doit recevoir ou dont doit jouir une personne dans le cadre du régime ou mécanisme sont réputés être des avantages que doit recevoir ou dont doit jouir cette personne au moment d’un changement important des services rendus par la société, après ce moment ou en prévision de ce moment. Cotisation réputée
Dans le cas où un régime de prestations aux employés devient une convention de retraite à un moment donné par suite du remplacement du dépositaire ou parce que celui-ci cesse d’exploiter une entreprise par l’entremise d’un lieu d’affaires fixe au Canada, soit d’être titulaire d’une licence ou d’être par ailleurs autorisé, selon la législation fédérale ou provinciale applicable au Canada une entreprise consistant à offrir au public des services fiduciaires, les présomptions suivantes s’appliquent : a) pour l’application de la présente partie et de la partie I, le dépositaire du régime est réputé, immédiatement après ce moment, avoir versé une cotisation dans le cadre du régime, à une somme égale à la juste valeur marchande à ce moment de tous les biens du régime; b) pour l’application de l’article 32.1, ce montant est réputé être un montant payé à ce moment, dans le cadre du régime, à des employés ou anciens employés des employeurs qui cotisent au régime, ou pour leur compte. Mécanisme à l’avantage d’un résident
Pour l’application de la présente loi, les présomptions suivantes s’appliquent en cas de versement d’une cotisation de personne résidente aux termes d’un régime ou mécanisme (appelé « régime » au présent paragraphe) : a) pour ce qui est de son application aux cotisations de personne résidente qui y sont versées et des biens qu’il est raisonnable de considérer comme découlant de ces cotisations, le régime est réputé être un mécanisme distinct (appelé « mécanisme distinct du résident » au présent paragraphe) indépendant du régime en ce qui concerne son application aux autres cotisations et aux biens qu’il est raisonnable de considérer comme découlant de ces autres cotisations; b) le mécanisme distinct est réputé être une convention de retraite; c) chaque personne et chaque société de personnes à qui une cotisation est versée aux termes du mécanisme distinct est réputée être dépositaire du mécanisme. Resident’s contribution Income Tax PART XI.3 Tax in Respect of Retirement Compensation Arrangements Sections 207.6-207.61 [NOTE: Application provisions are not included in the consolidated text; see relevant amendments and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 207.6; 1994, c. 7, Sch. VIII, s. 121, c. 21, s. 94; 1998, c. 19, s. 212; 2014, c. 39, s. 62. Impôt sur le revenu
c) le dépositaire du régime ou mécanisme est réputé être Sa Majesté du chef du Canada, si le compte fait partie des comptes du Canada, ou Sa Majesté du chef de la province, s’il fait partie des comptes d’une province; d) les biens déterminés du régime ou mécanisme à un moment donné sont réputés comprendre une somme d’argent égale au solde du compte à ce moment. Transferts
Lorsqu’un montant, sauf celui qui fait partie d’une série de paiements périodiques, est transféré directement à une convention de retraite, sauf une convention dont le dépositaire est un non-résident et une convention réputée être une convention de retraite par le paragraphe (5), d’une autre convention de retraite, les règles suivantes s’appliquent : a) le montant n’est pas inclus, en raison seulement du transfert, dans le calcul du revenu d’un contribuable en vertu de la partie I; b) aucune déduction n’est opérée au titre du montant dans le calcul du revenu d’un contribuable en vertu de la partie I; c) pour l’application de la définition de impôt remboursable au paragraphe 207.5(1), le montant est considéré, d’une part, comme un montant payé et attribué à une personne ou réparti entre plusieurs qui provient de la convention de laquelle il a été transféré et, d’autre part, comme une cotisation versée en vertu de la convention à laquelle il a été transféré. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les modifications pertinentes.] L.R. (1985), ch. 1 (5e suppl.), art. 207.6; 1994, ch. 7, ann. VIII, art. 121, ch. 21, art. 94; 1998, ch. 19, art. 212; 2014, ch. 39, art. 62. Impôt payable sur les placements interdits
a) la convention acquiert un bien qui est un placement interdit pour la convention; b) un bien déterminé de la convention devient un placement interdit pour elle après le 29 mars 2012. Impôt payable
L’impôt payable au titre de chaque bien visé au paragraphe (1) correspond à 50 % de la juste valeur marchande du bien au moment visé à ce paragraphe. Refund (b) nil, Income Tax PART XI.3 Tax in Respect of Retirement Compensation Arrangements Sections 207.62-207.7 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2012, c. 31, s. 45, 2022, c. 17, s. 67(F). Tax payable Impôt sur le revenu
c) s’agissant d’une somme découlant d’un dépouillement de CR, cette somme. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2012, ch. 31, art. 45. Responsabilité solidaire
[NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2012, ch. 31, art. 45. Renonciation
a) le fait que l’impôt fasse suite à une erreur raisonnable; b) la mesure dans laquelle l’opération, l’événement ou la série d’opérations ou d’événements qui a donné lieu à l’impôt a également donné lieu à un autre impôt en vertu de la présente loi. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2012, ch. 31, art. 45, 2022, ch. 17, art. 67(F). Distribution réputée
[NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2012, ch. 31, art. 45. Impôt payable
Income Tax PART XIII Tax in Respect of Retirement Compensation Arrangements Sections 207.7-207.71 Refund Payment of tax Provisions applicable to Part Definitions
Impôt sur le revenu
remboursable de la convention à la fin de l’année sur l’impôt remboursable de la convention à la fin de l’année d’imposition précédente. Remboursement
Dans le cas où le dépositaire d’une convention de retraite produit une déclaration pour une année d’imposi- tion en vertu de la présente partie dans les trois ans sui- vant la fin de l’année, le ministre : a) peut, au moment de l’envoi de l’avis de cotisation pour l’année ou d’un avis portant qu’aucun impôt n’est payable pour l’année, rembourser, sans que demande lui en soit faite, l’excédent de l’impôt remboursable de la convention à la fin de l’année précédente sur l’impôt remboursable de la convention à la fin de l’année; b) rembourse, avec diligence, cet excédent après l’en- voi de l’avis de cotisation, si le dépositaire en fait la demande par écrit dans les trois ans suivant la date d’envoi par le ministre de cet avis de cotisation pour l’année ou d’un avis portant qu’aucun impôt n’est payable pour l’année. Déclaration et paiement de l’impôt
Le dépositaire d’une convention de retraite doit, dans les 90 jours suivant la fin de chaque année d’imposition d’une fiducie de convention de retraite : a) produire auprès du ministre, sans avis ni mise en demeure, une déclaration pour l’année en vertu de la présente partie, selon le formulaire prescrit et contenant les renseignements prescrits; b) estimer dans cette déclaration l’impôt dont il est redevable en vertu de la présente partie pour l’année; c) verser cet impôt au receveur général. Dispositions applicables
Les paragraphes 150(2) et (3), les articles 152 et 158, les paragraphes 161(1) et (11), les articles 162 à 167, ainsi que la section J de la partie I s’appliquent à la présente partie, avec les adaptations nécessaires. [NOTE : Les dispositions d’application ne sont pas incluses dans le texte consolidé; voir les lois et règlements modificatifs appropriés.] 1987, ch. 46, art. 62; 2010, ch. 25, art. 63. Définitions
specified refundable tax of a specified arrangement at the end of a taxation year means the amount, if any, determined by the formula A – B where Election
Subsection (3) applies to a specified arrangement if Amount of refund (b) the specified refundable tax of the specified arrangement at the end of the taxation year. employeur admissible Est un employeur qui a payé une somme, ou qui a un employeur remplacé (au sens du paragraphe 8500(1) du Règlement de l’impôt sur le revenu) qui a payé une somme, avant le 28 mars 2023, dans le cadre d’une convention déterminée qui est une cotisation exclue. (eligible employer) impôt remboursable déterminé Relativement à une convention déterminée à la fin d’une année d’imposition, s’entend de la somme obtenue par la formule suivante : A – B où : A représente le montant choisi en vertu de l’alinéa (2)c); B le total des montants éventuels dont chacun est un remboursement déterminé en vertu du paragraphe (3) relativement à une année d’imposition antérieure. (specified refundable tax) Choix
Le paragraphe (3) s’applique à une convention déterminée si les conditions ci-après sont réunies : a) un employeur admissible, ou le dépositaire de la convention, a payé un impôt remboursable prévu à la présente partie à l’égard d’une cotisation exclue versée aux termes de la convention avant le 28 mars 2023; b) l’employeur admissible présente un choix au ministre, selon le formulaire prescrit et les modalités prescrites; c) le choix comprend une somme choisie n’excédant pas le total de l’impôt remboursable versé à l’égard des cotisations exclues versées dans le cadre de la convention avant le 28 mars 2023. Montant du remboursement
Si le présent paragraphe s’applique à une convention déterminée, le ministre peut rembourser à un employeur admissible, ou au dépositaire de la convention, un montant demandé dans la déclaration pour une année d’imposition visée au paragraphe 207.7(3), n’excédant pas la moindre des montants suivants : a) la moitié des prestations de retraite versées dans l’année d’imposition directement par l’employeur admissible au profit des bénéficiaires dont les prestations de retraite ont été garanties dans le cadre de la convention déterminée au moyen d’une lettre de crédit ou au cautionnement émis par une institution financière; b) l’impôt remboursable déterminé de la convention déterminée à la fin de l’année d’imposition. (ii) all amounts determined under subsection 207.71(3) in respect of the specified arrangement for the year and a preceding year; PART XI.4 A – (20% × B) where Tax payable (A + B) × C where B is E × F where Impôt payable
L’employé déterminé qui a un excédent RPEB pour une année d’imposition doit payer pour l’année un impôt égal à la somme obtenue par la formule suivante : (A + B) × C où : A représente le taux d’imposition supérieur pour l’année; B est a) si l’employé réside au Québec à la fin de l’année, 0 %, b) s’il réside dans une province autre que le Québec à la fin de l’année, le taux d’imposition le plus élevé, y compris les surtaxes mais à l’exclusion des impôts assujettis à un plafond, établi par la province pour l’année sur le revenu d’un particulier résident dans la province, c) dans les autres cas, le pourcentage (arrondi au demi-pourcentage le plus proche, ou, s’il est à équidistance de deux tels demi-pourcentages consécutifs, arrondi au demi-pourcentage supérieur) obtenu par la formule suivante : E × F où : E représente le pourcentage individuel supérieur pour l’année, F le pourcentage mentionné au paragraphe 120(1); C le total des excédents RPEB de l’employé pour l’année. Renonciation ou annulation
Le ministre peut renoncer à tout ou partie de l’impôt prévu au paragraphe (2) dont un employé déterminé serait redevable par ailleurs, ou l’annuler en tout ou en partie, s’il estime qu’il est juste et équitable de le faire compte tenu des circonstances. Déclaration et paiement de l’impôt
Toute personne qui est redevable d’un impôt en vertu de la présente partie pour une année d’imposition doit : a) présenter au ministre, au plus tard à la date d’échéance de production qui lui est applicable pour l’année, une déclaration pour l’année en vertu de la présente partie sur le formulaire prescrit contenant les renseignements prescrits; Income Tax Sections 207.8-207.9 [NOTE: Application provisions are not included in the consolidated text: see relevant amending Acts and regulations; 2012, c. 31, s. 46; 2016, c. 7, s. 78; 2023, c. 26, s. 61.] PART XIV.5 Definitions Impôt sur le revenu
b) verser au receveur général, au plus tard à la date d’exigibilité du solde qui lui est applicable pour l’année, le montant d’impôt payable par elle pour l’année en vertu de la présente partie. Dispositions applicables
Les paragraphes 150(2) et (3), les articles 152, 155 à 156.1, 158 à 160.1, 161 et 161.2 à 167 et la section J de la partie I s’appliquent à la présente partie, avec les adaptations nécessaires. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification: voir les lois et règlements modificatifs appropriés; 2012, ch. 31, art. 46; 2016, ch. 7, art. 78; 2023, ch. 26, art. 61.]
Impôt relatif à une fiducie de soins de santé au bénéfice d’employés Définitions
employeur participant Employeur qui verse des prestations désignées pour ses employés par l’intermédiaire d’une fiducie qui remplit les conditions énoncées au paragraphe 144.1(2). (participating employer) placement interdit Est un placement interdit à un moment donné pour une fiducie de soins de santé au bénéfice d’employés tout bien qui est à ce moment, selon le cas : a) une action du capital-actions ou une dette d’une des entités ci-après ou une participation dans l’une de ces entités : (i) un employeur participant à la fiducie de soins de santé au bénéfice d’employés, (ii) une personne ou une société de personnes qui a un lien de dépendance avec un employeur participant à la fiducie de soins de santé au bénéfice d’employés; b) un intérêt ou, pour l’application du droit civil, un droit sur une action, une participation ou une dette visée à l’alinéa a) ou un droit d’acquérir une telle action, participation ou dette. (prohibited investment) Income Tax
Refund (b) nil, if Impôt payable sur les placements interdits
Une fiducie est tenue de payer un impôt en vertu de la présente partie pour une année civile si, à un moment donné au cours de l’année pendant lequel la fiducie est une fiducie de soins de santé au bénéfice d’employés, l’un des faits ci-après s’avère : a) la fiducie acquiert un bien qui est un placement interdit pour elle; b) un revenu provenant d’un placement interdit est reçu ou devient à recevoir par la fiducie, ou cette dernière tire un gain en capital imposable provenant de la disposition d’un placement interdit. Impôt à payer
L’impôt à payer en vertu du paragraphe (2) correspond : a) si l’alinéa (2)a) s’applique, à 50 % de la juste valeur marchande du bien au moment de son acquisition; b) si l’alinéa (2)b) s’applique, à 50 % du revenu ou du gain en capital imposable. Remboursement
Dans le cas où une fiducie dispose, au cours d’une année civile, d’un bien au titre duquel elle est tenue de payer l’impôt prévu au paragraphe (2), la fiducie a droit au remboursement pour l’année de celles des sommes ci-après qui est applicable : a) le montant d’impôt en cause, sauf si l’alinéa b) s’applique; b) zéro si, selon le cas : (i) il est raisonnable de considérer que les fiduciaires savaient ou auraient dû savoir, au moment où le bien a été acquis, que celui-ci était ou deviendrait un bien visé au paragraphe (2), (ii) le bien ne fait l’objet d’aucune disposition par la fiducie avant la fin de l’année civile suivant celle au cours de laquelle l’impôt a pris naissance ou à tout moment postérieur que le ministre estime raisonnable dans les circonstances. Disposition et nouvelle acquisition réputées
Dans le cas où un bien détenu par une fiducie de soins de santé au bénéfice d’employés cesse d’être un placement interdit pour elle, ou le devient, à un moment donné, la fiducie de soins de santé au bénéfice d’employés est réputée avoir disposé immédiatement avant ce moment pour un produit de disposition égal à sa juste PART XII 208 [Repealed, 2003, c. 28, s. 15(1)] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 208; 1994, c. 7, Sch. II, s. 168; 1997, c. 25, s. 58; 2003, c. 15, s. 128; c. 28, s. 15. PART XII.1 Definitions 209 (1) For the purposes of this Part, the cost of that interest; (revenus miniers et pétroliers) (a) a Canadian resource property where convention, d’engager, en ce qui concerne ce bien, des frais d’exploration au Canada ou des frais d’aménagement au Canada et, si la convention le prévoit, d’acquérir du matériel de puits de gaz ou de pétrole, au sens du paragraphe 1104(2) du Règlement de l’impôt sur le revenu, relativement au bien;
c.1) un intérêt ou, pour l’application du droit civil, un droit sur un bien que la personne a gardé conformément à une convention en vertu de laquelle une autre personne a obtenu un droit, conditionnel ou non, d’acquérir un autre intérêt ou, pour l’application du droit civil, droit sur le bien, si cet autre intérêt ou droit n’est pas un bien restreint de l’autre personne en application de l’alinéa c); d) un bien que la personne n’acquiert par un mécanisme qu’en contrepartie de la vente d’un avoir minier canadien — à l’exclusion d’un bien qui, juste avant la vente, était un bien restreint de cette personne — lié au bien, sauf s’il est raisonnable de considérer que l’un des principaux objets de ce mécanisme — ou d’une série d’opérations ou d’événements dont ce mécanisme fait partie consiste à réduire ou reporter l’impôt payable en vertu de la présente loi, compte non tenu de ce paragraphe; e) un bien que la personne garde ou met de côté sur un avoir minier canadien — à l’exclusion d’un bien qui, juste avant l’opération par laquelle le bien est gardé ou mis de côté, était un bien restreint de cette personne — dont elle dispose, sauf s’il est raisonnable de considérer que l’un des principaux objets de cette opération — ou d’une série d’opérations ou d’événements dont cette opération fait partie consiste à réduire ou reporter l’impôt payable en vertu de la présente loi, compte non tenu de ce paragraphe; f) un bien que la personne acquiert auprès d’un contribuable avec qui elle a un lien de dépendance au moment de l’acquisition et que ce contribuable ou une personne avec qui celui-ci avait un lien de dépendance avait acquis conformément à une convention écrite conclue avant le 20 juillet 1985 ou dans une situation visée au présent alinéa ou aux alinéas d) ou e), sauf s’il est raisonnable de considérer que l’un des principaux objets de l’acquisition ou bien d’une série d’opérations ou d’événements dans le cadre de laquelle le bien est acquis, consiste à réduire ou reporter l’impôt payable en vertu de la présente loi, compte non tenu du présent alinéa; f.1) dans le cas où le revenu imposable de la personne est exonéré de l’impôt en vertu de la partie I: (ii) under the circumstances described in this paragraph or paragraph (d) or (e), (g) a prescribed property; (bien restreint) (a) Her Majesty in right of Canada or a province grants, or Tax Return (i) un bien qui n’est pas lié à un bien d’une personne dont le revenu imposable n’est pas exonéré de l’impôt en vertu de la partie I, (ii) un bien qui n’a jamais été un bien restreint d’une autre personne ou un bien lié à un tel bien; g) un bien visé par règlement. (carved-out property) durée La durée d’un bail initial en comprend les renouvellements. (term) revenus miniers et pétroliers S’entend, lorsqu’il s’agit des revenus miniers et pétroliers qu’une personne tire pour une année d’imposition de biens restreints, de l’excédent éventuel : a) du revenu de la personne pour l’année attribuable aux biens restreints, calculé conformément à la partie I, à supposer qu’aucune somme ne soit admise en déduction en vertu de l’article 20, de la sous-section E de la section B de la partie I ou de l’article 104, sur le total des montants suivants : b) le montant déduit en vertu du paragraphe 66.4(2) dans le calcul du revenu de la personne pour l’année dans la mesure où il est raisonnable de considérer ce montant comme attribuable aux biens restreints; c) si des biens restreints sont des droits sur un gisement de sables bitumineux ou de schiste bitumineux, le montant déduit en vertu du paragraphe 66.2(2) dans le calcul du revenu de la personne pour l’année dans la mesure où il est raisonnable de considérer ce montant comme attribuable au coût de ces droits. (carved-out income) Assujettissement à l’impôt
Toute personne est redevable, dans le cadre de la présente partie pour chaque année d’imposition, d’un impôt au taux de 45 % sur le total des revenus miniers et pétroliers qu’elle tire de biens restreints pour cette année. Déclaration
La personne redevable de l’impôt prévu par la présente partie pour une année d’imposition doit produire pour cette année auprès du ministre la déclaration correspondante à la présente partie, au plus tard le jour où Income Tax Sections 209-210 Payment of tax Provisions applicable to Part [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 209; 1994, c. 7, Sch. II, s. 170, c. 21, s. 85; 1997, c. 25, s. 59; 2003, c. 15, s. 126, c. 28, s. 16; 2013, c. 34, s. 156. PART XII.2 Definitions (a) a non-resident person; (b) [Repealed, 2014, c. 39, s. 63] Impôt sur le revenu
elle est tenue de produire une déclaration de revenu pour l'année en vertu de la partie I conformément à l'article 150 ou en serait tenue si elle était redevable d'un impôt en vertu de cette partie. Cette déclaration doit être produite sur formulaire prescrit et contenir une estimation de l'impôt dont la personne est redevable dans le cadre de la présente partie pour l'année. Paiement de l'impôt
La personne redevable de l'impôt prévu par la présente partie pour une année d'imposition doit payer au receveur général pour l'année : a) 1/12 de cet impôt, au plus tard le dernier jour de chaque mois de l'année; b) le solde éventuel de cet impôt, au plus tard à la date d'exigibilité du solde qui lui est applicable pour l'année. Dispositions applicables
Les paragraphes 150(2) et (3), les articles 152, 158 et 159, les paragraphes 161(1), (2) et (11), les articles 162 à 167 et la section J de la partie I s'appliquent à la présente partie, avec les adaptations nécessaires. Sociétés de personnes
Pour l'application du paragraphe (1), une société de personnes est considérée comme une personne et son année d'imposition est réputée correspondre à son exercice. [NOTE: Les dispositions d'application ne sont pas incluses dans la présente codification; voir les lois de modification pertinentes.] L.R. (1985), ch. 1 (5e suppl.), art. 209; 1994, ch. 7, ann. II, art. 170, ch. 21, art. 85; 1997, ch. 25, art. 59; 2003, ch. 15, art. 126, ch. 28, art. 16; 2013, ch. 34, art. 156.
Impôt sur le revenu distribué de certaines fiducies Définitions 210 (1) Les définitions qui suivent s'appliquent à la présente partie. bénéficiaire étranger ou assimilé Est le bénéficiaire étranger ou assimilé d'une fiducie donnée au moment considéré si le bénéficiaire de cette fiducie est, à ce moment : a) soit une personne non-résidente; b) [Abrogé, 2014, ch. 39, art. 63] (i) a non-resident person, (ii) [Repealed, 2014, c. 39, s. 63] (B) a mutual fund trust, (D) a trust (ii) a non-resident person, (III) aucun de ses bénéficiaires n’est son bénéficiaire étranger ou assimilé au moment considéré, (iv) une personne ou une société de personnes qui, selon le cas : (A) est un bénéficiaire étranger ou assimilé de l’autre fiducie par l’effet des alinéas (c) ou (e), (B) serait un bénéficiaire étranger ou assimilé de la fiducie donnée par l’effet des alinéas (c) ou (e) si, au lieu d’être bénéficiaire de l’autre fiducie, cette personne ou la société de personnes était, au moment considéré, bénéficiaire de la fiducie donnée dont la participation à titre de bénéficiaire de celle-ci est, à la fois : (I) identique à sa participation (appelée « participation donnée » à la présente division) à titre de bénéficiaire de l’autre fiducie, (II) acquise de chaque personne ou société de personnes auprès de laquelle elle a acquis la participation donnée, (III) détenue, à tout moment après le 1er octobre 1987 ou, si elle est postérieure, le jour de la création de la participation donnée, par les mêmes personnes ou sociétés de personnes qui détenaient la participation donnée à ces moments; e) soit une société de personnes donnée dont l’un des associés est, au moment considéré, selon le cas : (i) une autre société de personnes, sauf si, à la fois : (A) chacune de ces autres sociétés de personnes est une société de personnes canadienne, (B) la participation de chacune de ces autres sociétés de personnes dans la société de personnes donnée est détenue, à tout moment après le jour de la création de la participation, par l’autre société de personnes ou par des personnes qui, par l’effet du paragraphe 149(1), étaient exonérées de l’impôt prévu à la partie I sur la totalité de leur revenu imposable, (C) la participation de chaque associé, de chacune de ces autres sociétés de personnes, qui est une personne exonérée, par l’effet du paragraphe 149(1), de l’impôt prévu à la partie I sur tout ou partie de son revenu imposable est détenue, à tout moment après le jour de la création de la (iii) [Repealed, 2014, c. 39, s. 63] (ii) timber resource properties, participation, par cet associé ou par des personnes qui, par l’effet du paragraphe 149(1), étaient exonérées de l’impôt prévu à la partie I sur la totalité de leur revenu imposable, (D) la participation de la société de personnes donnée dans la fiducie donnée était détenue, à tout moment après le jour de la création de la participation, soit par la société de personnes donnée, soit par des personnes qui, par l’effet du paragraphe 149(1), étaient exonérées de l’impôt prévu à la partie I sur la totalité de leur revenu imposable, (iii) une personne non-résidente, (iii) [Abrogé, 2014, ch. 39, art. 63] (iv) une autre fiducie qui est un bénéficiaire étranger ou assimilé de la fiducie donnée en vertu de l’alinéa d), ou le serait si elle était, au moment considéré, bénéficiaire de la fiducie donnée dont la participation a titre de bénéficiaire de celle-ci était, à la fois : (A) acquise de chaque personne ou société de personnes de qui la société de personnes donnée a acquis sa participation à titre de bénéficiaire de la fiducie donnée, (B) détenue, à tout moment après le 1er octobre 1987 ou, si c’est postérieur, le jour de la création de la participation de la société de personnes donnée à titre de bénéficiaire de la fiducie donnée, par les mêmes personnes ou sociétés de personnes qui détenaient, à ces moments, cette participation de la société de personnes donnée, (v) une personne qui, par l’effet du paragraphe 149(1), est exonérée de l’impôt prévu à la partie I sur tout ou partie de son revenu imposable, sauf si la participation de la société de personnes donnée dans la fiducie donnée était détenue, à tout moment après le jour de la création de la participation, soit par la société de personnes donnée, soit par des personnes qui, par l’effet du paragraphe 149(1), étaient exonérées de l’impôt prévu à la partie I sur la totalité de leur revenu imposable. (designated beneficiary) revenu de distribution En ce qui concerne une fiducie pour une année d’imposition, la somme qui représenterait le revenu de la fiducie pour l’année déterminé selon l’article 3 si, à la fois : a) il n’était pas tenu compte des paragraphes 104(6), (12) et (30); and Tax not payable (a) a graduated rate estate; b) les seuls revenus de la fiducie étaient constitués de gains en capital imposables provenant de dispositions visées à l’alinéa c) et de revenus tirés : (i) de biens immeubles ou réels situés au Canada, sauf des avoirs miniers canadiens, (ii) d’avoirs forestiers, (iii) d’avoirs miniers canadiens, sauf des biens acquis par la fiducie avant 1972, (iv) d’entreprises exploitées au Canada; c) les seuls gains en capital imposables et pertes en capital déductibles visés à l’alinéa 3b) provenaient : (i) de la disposition d’un bien donné, sauf les biens visés à l’un des sous-alinéas 128.1(4)(b)(i) à (iii), ou d’un bien auquel ce bien est substitué, qui a été transféré à une fiducie donnée dans les circonstances visées aux paragraphes 73(1) ou 107.4(3), si : (A) il est raisonnable de conclure que le bien a été ainsi transféré en prévision de la cessation de la résidence au Canada d’une personne ayant un droit de bénéficiaire dans la fiducie donnée au moment du transfert, et une personne ayant un droit de bénéficiaire dans cette fiducie à ce moment a ultérieurement cessé de résider au Canada, (B) au moment du transfert du bien, les modalités de la fiducie donnée remplissaient les conditions énoncées aux sous-alinéas 73.1(1)(c)(i) ou (iii), et il est raisonnable de conclure que le transfert a été effectué relativement à la cessation de résidence, au moment du transfert ou antérieurement, d’une personne qui, au moment du transfert, avait un droit de bénéficiaire dans la fiducie donnée et n’était l’époux ou le conjoint de fait, selon le cas, du cédant du bien à cette fiducie; d) seules des pertes provenant de sources visées à l’un des sous-alinéas b)(i) à (iv) étaient visées à l’alinéa 3d). (designated income) Champ d’application
Aucun impôt n’est à payer en vertu de la présente partie pour une année d’imposition par les fiducies qui sont, tout au long de l’année : a) une fiducie à taux progressifs; (b) a mutual fund trust; (d) a trust to which paragraph (a), (a.1) or (c) of the definition trust in subsection 108(1) applies; or (e) non-resident. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 210; 1994, c. 21, s. 96; 2000, c. 12, s. 142; 2013, c. 34, s. 341; 2014, c. 39, s. 63.
[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 210.1; 2001, c. 17, s. 171; 2013, c. 34, s. 341. (1.1) [Repealed, 2013, c. 34, s. 342] A × B/C where A × B/C where du paragraphe 104(13) ou 105(2), dans le calcul du revenu en vertu de la partie I d’une personne qui n’a été bénéficiaire étranger ou assimilé de la fiducie à aucun moment de l’année ou dans la partie du revenu d’une personne non-résidente qui est soumise, par application du paragraphe 2(3), à l’impôt payable en vertu de la partie I et n’en est pas exonérée par un traité fiscal — sauf s’il s’agit d’une personne qui, à un moment donné de l’année, serait un bénéficiaire étranger ou assimilé de la fiducie si l’article 210 s’appliquait comme prévu au sens de la définition de bénéficiaire étranger ou assimilé à cet article —, le montant, calculé selon la formule ci-après, attribué à la personne par la fiducie dans sa déclaration pour l’année en vertu de la présente partie est réputé payé le quatre-vingt-dixième jour suivant la fin de l’année d’imposition de la fiducie au titre de l’impôt payable en vertu de la partie I par cette personne pour l’année d’imposition de celle-ci au cours de laquelle l’année d’imposition de la fiducie se termine : A × B/C où : A représente l’impôt payé par la fiducie pour l’année en vertu de la présente partie; B représente le montant inclus dans le revenu de la personne; C le total des montants dont chacun représente, ou représenterait si tous les bénéficiaires de la fiducie résidaient au Canada et étaient des personnes auxquelles la partie I s’appliquait, un montant inclus en application du paragraphe 104(13) ou 105(2) dans le calcul du revenu en vertu de la partie I d’un bénéficiaire de la fiducie. Crédit d’impôt remboursable aux associés
Si un contribuable est un associé d’une société de personnes à laquelle une fiducie attribue un montant en application du paragraphe (3) pour une année d’imposition de la fiducie : a) d’une part, aucun montant n’est réputé payé en application du paragraphe (3) au titre de l’impôt payable par la société de personnes en vertu de la partie I, sauf si le paragraphe (3) s’applique dans le cadre du paragraphe 104(31); b) d’autre part, le montant calculé selon la formule suivante : A × B/C où : A représente le montant ainsi attribué, Returns Liability of trustee Provisions applicable to Part [NOTE: Application provisions are not included in the consolidated text; see relevant amending acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 210.2; 1994, c. 7, Sch. VIII, s. 122; 2001, c. 17, s. 172; 2013, c. 34, s. 342; 2016, c. 7, s. 62. PART XII.3 Definitions 211 (1) For the purposes of this Part, (a) a group life insurance policy, and (b) a group annuity contract
Pour l’application du paragraphe (1), dans le cas où la fiducie, si elle payait de l’impôt en vertu de la présente partie pour une année d’imposition, aurait le droit d’attribuer un montant en application du paragraphe 210.2(3) à un bénéficiaire non-résident et où une partie du revenu de la fiducie est incluse dans le calcul du revenu du bénéficiaire qui est soumis, par application du paragraphe 2(3), à l’impôt payable en vertu de la partie I et n’en est pas exonéré par un accord ou une convention fiscale ayant force de loi au Canada et conclue entre le gouvernement du Canada et le gouvernement d’un autre pays, le bénéficiaire est réputé n’être à aucun moment de l’année un bénéficiaire étranger ou assimilé de la fiducie. [NOTE : Les dispositions d’application ne sont pas incluses dans le texte codifié; voir les lois et règlements modificatifs appropriés.] 1988, ch. 55, art. 160.
Impôt sur le revenu de placement des assureurs sur la vie Définitions 211 (1) Les définitions qui suivent s’appliquent à la présente partie. avance sur police S’entend au sens du paragraphe 138(12). (policy loan) fonds réservé S’entend au sens du paragraphe 138(12). (segregated fund) mécanisme de réassurance En est exclu le mécanisme concernant une police d’assurance-vie par lequel un assureur assume les obligations que la personne ayant établi la police a contractées envers le titulaire. (reinsurance arrangement) opération ou événement déterminé S’agissant de quelque opération ou événement déterminé se produisant dans le cadre d’une police d’assurance-vie, s’entend : a) d’un changement dans la catégorie ou section; b) de la modification de la prime résultant d’un changement apporté au calendrier de paiement des primes au cours d’une année, laquelle modification entraîne une incidence sur la valeur actuarielle, au début de l’année, du total des primes à payer aux termes de la police au cours de l’année; (d) a reinsurance arrangement; (police d’assurance-vie) (A - B) × C where A B is C is (b) in any other case, 55%; (taux d’intérêt net) participating life insurance policy has the meaning assigned by subsection 138(12); (police d’assurance-vie avec participation) c) de l’addition d’indemnités pour décès accidentel, mutilation ou invalidité ou d’options d’achat garanties, conformément aux modalités de la police applicables : (i) soit le 31 décembre 1989, dans le cas d’une police d’assurance-vie garantie existante, (ii) soit le 2 mars 1988, dans les autres cas; d) de la suppression d’un avenant; e) de la remise en vigueur, dans le délai prévu à l’alinéa g) de la définition de disposition au paragraphe 148(9), de polices échues ou de la remise en vigueur en raison d’un montant à payer au titre d’une avance sur police; f) de la modification de la prime par suite de la rectification de renseignements erronés; g) du paiement d’une prime après son échéance ou dans les 30 jours avant son échéance, conformément à ce qui a été établi au plus tard : (i) le 31 décembre 1989, dans le cas d’une police d’assurance-vie garantie existante, (ii) le 2 mars 1988, dans les autres cas; h) du paiement de l’intérêt visé à l’alinéa a) de la définition de prime au paragraphe 148(9). (specified transaction or event) police d’assurance-vie Est assimilé à une police d’assurance-vie le bénéfice prévu au titre d’une assurance-vie collective ou un contrat de rente collectif. En sont exclus : a) la partie d’une police relativement à laquelle le titulaire est réputé par l’alinéa 138.1(1)e) avoir une participation dans une fiducie créée à l’égard d’un fonds réservé; b) la convention de réassurance. (life insurance policy) police d’assurance-vie agréée Police d’assurance-vie établie ou souscrite à titre de régime de pension agréé, régime de pension déterminé, régime de participation différée aux bénéfices ou régime enregistré d’épargne-retraite. (registered life insurance policy) police d’assurance-vie au Canada Police d’assurance-vie établie par un assureur sur la vie d’une personne qui réside au Canada au moment de l’établissement de la police. (life insurance policy in Canada) segregated fund has the meaning given that expression in subsection 138.1(1); (fonds réservé) specified transaction or event, in respect of a life insurance policy, means (a) a change in underwriting class, of accidental death, dismemberment, disability or guaranteed purchase option benefits, (d) the deletion of a rider, police d’assurance-vie avec participation S’entend au sens du paragraphe 138(12). (participating life insurance policy) police d’assurance-vie garantie existante Police d’assurance-vie au Canada sans participation, à un moment donné, aux termes de laquelle les éléments suivants ont été déterminés et fixés au plus tard le 31 décembre 1989 : a) le montant de chaque prime devenue payable avant le moment donné et après le 31 décembre 1989; b) le nombre de paiements de primes prévus par la police; c) le montant de chaque prestation prévue par la police au moment donné. (existing guaranteed life insurance policy) police d’assurance-vie imposable S’agissant de la police d’assurance-vie imposable d’un assureur à un moment donné, s’entend de la police d’assurance-vie au Canada, établie par l’assureur, par laquelle celui-ci assume les obligations que la personne ayant établi la police a contractées envers le titulaire, à l’exception d’une police qui est : a) une police d’assurance-vie garantie existante; b) un contrat de rente, y compris une rente en règlement; c) une police d’assurance-vie agréée; d) un régime de pensions agréé; e) une convention de retraite. (taxable life insurance policy) police d’assurance-vie sans participation Police d’assurance-vie qui n’est pas une police d’assurance-vie avec participation. (non-participating life insurance policy) taux d’intérêt net S’agissant du taux d’intérêt net relatif à une responsabilité, une prestation, un produit ou une garantie prévu par une police d’assurance-vie d’un assureur pour une année d’imposition, le montant positif calculé selon la formule suivante : (A - B) × C où : A représente la moyenne arithmétique simple, déterminée le premier jour de l’année, du rendement moyen, exprimé en pourcentage annuel et arrêté à la deuxième décimale, au cours de chacun des 60 mois (h) the payment of an amount described in paragraph (a) of the definition premium in subsection 148(9); (opération ou événement déterminé) (a) an existing guaranteed life insurance policy, (c) a registered life insurance policy, (d) a registered pension plan, or (e) a retirement compensation arrangement. (police d’assurance-vie imposable) [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 211; 1994, c. 7, Sch. II, s. 171; 1997, c. 25, s. 60; 2008, c. 28, s. 32; 2009, c. 2, s. 72; 2012, c. 31, s. 47. Tax payable précédents, de l’ensemble des obligations d’État intérieures en monnaie canadienne qui étaient en circulation le dernier mercredi de ce mois et dont la durée non écoulée jusqu’à l’échéance est supérieure à dix ans; B : a) dans le cas d’une prestation garantie prévue par les modalités de la police applicables le 2 mars 1988, à l’exception d’une police dont les modalités concernant les primes et prestations sont modifiées à fonds à un moment donné après le 2 mars 1988 autrement que pour mettre à effet les modalités déterminées avant le 3 mars 1988, le plus élevé des taux suivants : (i) le taux d’intérêt, exprimé en pourcentage annuel, utilisé par l’assureur pour déterminer le montant de la prestation garantie, (ii) 4 %; b) dans les autres cas, zéro; C : a) dans le cas d’une prestation garantie à laquelle l’alinéa a) de l’élément B s’applique, 65 %; b) sinon, 55 %. (net interest rate) Avenant et changement dans les modalités
Pour l’application de la présente partie : a) tout avenant ajouté à une police d’assurance-vie à un moment donné après le 2 mars 1988 est réputé constituer une police d’assurance-vie distincte établie et émise à ce moment; b) un changement dans les modalités d’une police d’assurance-vie découlant d’une opération ou événement déterminé est réputé ne pas avoir été fait et ne pas être un changement. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 211; 1994, ch. 7, an. II, art. 171; 1997, ch. 25, art. 60; 2008, ch. 28, art. 32; 2009, ch. 2, art. 72; 2012, ch. 31, art. 47. Impôt payable
Revenu imposable de placements en assurance-vie au Canada
Pour l’application de la présente partie, le revenu imposable de placements en assurance-vie au Canada d’un assureur sur la vie pour une année d’imposition A + B - C where correspond à l’excédent éventuel de son revenu de placements en assurance-vie au Canada pour l’année sur le total de ses pertes de placements en assurance-vie au Canada pour les 20 années d’imposition précédentes, dans la mesure où ces pertes n’ont pas été déduites dans le calcul de son revenu imposable de placements en assurance-vie au Canada pour toute année d’imposition antérieure. Revenu ou perte de placements en assurance-vie au Canada
Pour l’application de la présente partie, le revenu de placements en assurance-vie au Canada et la perte de placements en assurance-vie au Canada d’un assureur sur la vie pour une année d’imposition représentent le montant positif et le montant négatif obtenus par la formule suivante : A + B - C où : A représente, sous réserve du paragraphe (4), le total des montants représentant chacun un montant relatif à une responsabilité, une prestation, un risque ou à la garantie prévu par une police d’assurance-vie qui est une police d’assurance-vie imposable de l’assureur au cours de l’année, correspondant au produit de la multiplication du taux d’intérêt net applicable à la responsabilité, à la prestation, au risque ou à la garantie pour l’année par la moitié du total des montants suivants : a) le montant maximal qui serait déterminé selon les alinéas 1401(1)a), c) ou d) du Règlement de l’impôt sur le revenu (à l’exception d’un montant qui serait déterminé selon le sous-alinéa 1401(1)d)(ii) de ce règlement relativement à une vie invalide) à l’égard de l’assureur pour l’année relativement à la responsabilité, au bénéficiaire, au risque ou à la garantie si le paragraphe 1401(1) de ce règlement s’appliquait à toutes les polices d’assurance-vie et si ce montant était déterminé compte non tenu des prêts sur police et des conventions de réassurance; b) le montant maximal qui serait déterminé selon les alinéas 1401(1)a), c) ou d) du Règlement de l’impôt sur le revenu (à l’exception d’un montant qui serait déterminé selon le sous-alinéa 1401(1)d)(ii) de ce règlement relativement à une vie invalide) qui est à l’égard de l’assureur pour l’année d’imposition précédente relativement à la responsabilité, au bénéficiaire, au risque ou à la garantie si le paragraphe 1401(1) de ce règlement s’appliquait à toutes les polices d’assurance — vie et si ce montant était déterminé compte non tenu des prêts sur police et des conventions de réassurance; D - E where exceeds B le total des montants dont chacun est le montant positif ou négatif relatif à une police d’assurance-vie qui était une police d’assurance-vie imposable de l’assureur à un moment de l’année, calculé selon la formule suivante : D - E où : D représente, sous réserve du paragraphe (4), le produit de la multiplication du pourcentage représenté par l’élément A de la formule figurant à la définition de taux d’intérêt net, au paragraphe 211.1(1), pour l’année par la moitié du total des montants suivants : a) le montant maximal qui serait déterminé selon l’alinéa 1401(1)c.1) du Règlement de l’impôt sur le revenu quant à l’assureur pour l’année relativement à la police si le paragraphe 1401(1) de ce règlement s’appliquait à toutes les polices d’assurance-vie et si ce montant était déterminé compte non tenu des avances sur police et des conventions de réassurance, b) le montant maximal qui serait déterminé selon l’alinéa 1401(1)c.1) du Règlement de l’impôt sur le revenu quant à l’assureur pour l’année d’imposition précédente relativement à la police si le paragraphe 1401(1) de ce règlement s’appliquait à toutes les polices d’assurance-vie et si ce montant était déterminé compte non tenu des avances sur police et des conventions de réassurance, E l’excédent éventuel : a) du total des montants déterminés selon l’élément D à l’égard de l’assureur relativement à la police pour l’année et les années d’imposition précédentes se terminant après 1989, sur le total des montants suivants : b) l’ensemble des montants déterminés selon l’élément D à l’égard de l’assureur relativement à la police pour les années d’imposition se terminant avant l’année, c) l’excédent éventuel du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le montant maximal qui serait déterminé selon l’alinéa 1401(1)c.1) du Règlement de l’impôt sur le revenu quant à l’assureur pour l’année relativement à la police si le paragraphe 1401(1) de ce règlement s’appliquait à toutes les polices d’assurance-vie 0% for 1991, et si ce montant était déterminé compte non tenu des avances sur police et des conventions de réassurance, (ii) le montant maximal qui serait déterminé selon l’alinéa 1401(1)c) du Règlement de l’impôt sur le revenu quant à l’assureur pour sa dernière année d’imposition 1989 relativement à la police si le paragraphe 1401(1) de ce règlement s’appliquait à toutes les polices d’assurance-vie et si ce montant était déterminé compte non tenu des avances sur police et des conventions de réassurance; C le total des montants dont chacun représente 100 % du montant à inclure dans le calcul du revenu d’un titulaire de police en application de l’article 12.2 ou de l’alinéa 56(1)j) pour lequel l’assureur doit, en vertu d’une disposition réglementaire, préparer une déclaration de renseignements pour l’année civile se terminant au cours de l’année d’imposition du titulaire, à l’égard d’une police d’assurance-vie imposable de l’assureur; toutefois, a) lorsque l’alinéa a) de l’élément B de la définition de taux d’intérêt net au paragraphe 211(1) s’applique à une prestation garantie aux termes de la police pour une année d’imposition quelconque, le pourcentage de 100 % est remplacé, pour les années civiles ci-après les pourcentages suivants : années précédant 1991 : 0 %, 1991 : 0 %, 1992 : 10 %, 1993 : 15 %, 1994 : 20 %, 1995 : 25 %, 1996 : 30 %, 1997 : 35 %, 1998 : 40 %, 1999 : 45 %, années après 1999 : 50 %; b) lorsque la police était une police d’assurance-vie garantie existante à un moment après 1989, le pourcentage de 100 % est remplacé, pour les années civiles ci-après, par les pourcentages suivants : l’année où la police est devenue une police d’assurance-vie imposable de l’assureur : 0 %, première année suivante : 0 %, deuxième année suivante : 0 %, troisième année suivante : 5 %, quatrième année suivante : 10 %, cinquième année suivante : 15 %, sixième année suivante : 20 %, septième année suivante : 25 %, Income Tax Sections 211.1-211.3 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 211.1; 1994, c. 7, Sch. II, s. 172; 1997, c. 25, s. 91; 1998, c. 19, s. 213; 2005, c. 19, s. 46; 2006, c. 4, s. 84. Return Instalments (365/A) × B where A is huitième année suivante : 30 % neuvième année suivante : 35 % dixième année suivante : 40 % onzième année suivante : 45 % douzième année suivante et plus : 50 %. Année d’imposition de moins de 51 semaines
Dans le cas où l’année d’imposition d’un assureur sur la vie compte moins de 51 semaines, la valeur pour l’année des éléments A et D des formules figurant au paragraphe (3) correspond au produit de la multiplication de la valeur de ces éléments, déterminée par ailleurs, par le rapport entre le nombre de jours de l’année, exception faite du 29 février des années bissextiles, et 365. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 211.1; 1994, ch. 7, ann. II, art. 172; 1997, ch. 25, art. 91; 1998, ch. 19, art. 213; 2005, ch. 19, art. 46; 2006, ch. 4, art. 84. Déclaration
[NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir lois et règlements modificatifs appropriés.] 1988, ch. 55, art. 160. Acomptes provisionnels
a) le montant qu’il estime être son impôt payable pour l’année en vertu de la présente partie, calculé sur une année; b) son impôt payable en vertu de la présente partie pour l’année d’imposition précédente, calculé sur une année. Impôt payable annualisé
Pour l’application des paragraphes (1) et 211.5(2), l’impôt payable en vertu de la présente partie par un assureur sur la vie pour une année d’imposition, calculé sur une année, correspond au résultat du calcul suivant : (365/A) × B où : Income Tax Sections 211.3-211.6 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 211.3; 1986, c. 19, s. 214.] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 211.4; 2003, c. 15, s. 127.] Provisions applicable to Part Interest on instalments [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 211.5; 1994, c. 7, Sch. II, s. 173; 1998, c. 19, s. 215.] PART XII.4 Definitions Impôt sur le revenu
A représente 365 ou, si l’année compte moins de 357 jours, le nombre de jours de l’année, exception faite du 29 février des années bissextiles; B l’impôt payable en vertu de la présente partie par l’assureur pour l’année. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; L.R. (1985), ch. 1 (5e suppl.), art. 211.3; 1986, ch. 19, art. 214.] Paiement du solde
[NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; L.R. (1985), ch. 1 (5e suppl.), art. 211.4; 2003, ch. 15, art. 127.] Dispositions applicables
Intérêts sur les acomptes provisionnels
Pour l’application du paragraphe 161(2) et de l’article 163.1 dans le cadre de la présente partie, un assureur sur la vie est réputé, pour une année d’imposition, avoir été redevable, au plus tard le dernier jour de chaque mois de l’année, d’un acompte égal au douzième du moins élevé des montants suivants : a) son impôt payable en vertu de la présente partie pour l’année, calculé sur une année; b) son impôt payable en vertu de la présente partie pour l’année d’imposition précédente, calculé sur une année. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; L.R. (1985), ch. 1 (5e suppl.), art. 211.5; 1994, ch. 7, ann. II, art. 173; 1998, ch. 19, art. 215.]
Impôt des fiducies pour l’environnement admissible Définitions
contrat admissible Relativement à une fiducie, contrat conclu avec Sa Majesté du chef du Canada ou d’une Income Tax
province au plus tard le 1er janvier 1996 ou, s’il est postérieur, le jour qui suit d’un an la date d’établissement de la fiducie. (qualifying contract) fiducie exclue À un moment donné, fiducie qui, selon le cas : a) concerne, à ce moment, la restauration d’un puits; b) n’est pas administrée, à ce moment, dans le but de garantir l’exécution des obligations en matière de restauration d’une ou de plusieurs personnes ou sociétés de personnes qui sont bénéficiaires de la fiducie; c) emprunte de l’argent à ce moment; d) si elle n’est pas visée à l’alinéa e), acquiert, à ce moment, un bien qui n’est pas visé aux alinéas a), b), c), c.1), d) ou f) de la définition de placement admissible à l’article 204; e) si elle est établie après 2011 ou si, ayant été établie avant 2012, elle fait, conjointement avec Sa Majesté du chef du Canada ou d’une province, selon la loi admissible ou le contrat admissible applicable, une élection écrite auprès du ministre, au plus tard à la date d’échéance de production de la déclaration pour une année d’imposition donnée, afin que les sous-alinéas (i) et (ii) s’appliquent à elle pour l’année donnée et pour les années d’imposition postérieures : (i) soit acquiert, à ce moment, un bien qui n’est pas visé aux alinéas a), b), c), c.1), d) ou f) de la définition de placement admissible à l’article 204, (ii) soit détient, à ce moment, un placement interdit; f) a présenté au ministre, avant 1998 ou avant avril de l’année suivant celle où un premier apport a été effectué à son profit, un choix afin d’être considérée comme n’ayant jamais été une fiducie pour l’environnement admissible; g) à un moment antérieur au moment donné mais postérieur à son établissement, n’était pas une fiducie pour l’environnement admissible, selon la définition de ce terme au paragraphe 248(1) qui s’appliquait à ce moment antérieur. (excluded trust) fiducie pour l’environnement admissible Fiducie qui remplit les conditions suivantes : a) chacun de ses fiduciaires est : (i) Sa Majesté du chef du Canada ou d’une province, (iii) a particular person or partnership if exceeds (b) the total of (ii) the percentage deduction from tax provided under subsection 124(1) for the taxation year. (taux d’impôt sur le revenu des FEA) (i) Her Majesty in right of Canada or a province, or (i) une société résidant au Canada qui est titulaire d’une licence ou par ailleurs autorisée par la législation fédérale ou provinciale à exploiter au Canada une entreprise d’offre au public de services de fiduciaire; b) elle est administrée dans l’unique but de financer la restauration d’un site admissible; c) elle doit ou pourrait devoir être administrée selon : (i) soit les modalités d’un contrat admissible, (ii) soit une loi admissible; d) elle n’est pas une fiducie exclue. (qualifying environmental trust) loi admissible Relativement à une fiducie : a) loi fédérale ou provinciale édictée au plus tard le 1er janvier 1996 ou, s’il est postérieur, le jour qui suit d’un an la date d’établissement de la fiducie; b) si la fiducie est établie après 2011, ordonnance rendue : (i) par un tribunal constitué en vertu d’une loi visée à l’alinéa a), (ii) au plus tard le jour qui suit d’un an la date d’établissement de la fiducie. (qualifying law) placement interdit Est un placement interdit d’une fiducie à un moment donné le bien qui, à la fois : a) au moment de son acquisition par la fiducie, était visé à l’un des alinéas c), c.1) ou d) de la définition de placement admissible à l’article 204; b) a été émis par l’une des entités suivantes : (i) une personne ou une société de personnes qui a fait un apport de biens à la fiducie ou qui est bénéficiaire de celle-ci, (ii) une personne liée, ou une société de personnes affiliée, à une personne ou à une société de personnes qui a fait un apport de biens à la fiducie ou qui est bénéficiaire de celle-ci, (iii) une personne ou société de personnes donnée à l’égard de laquelle les faits ci-après s’avèrent : (A) une autre personne ou société de personnes détient une participation notable, au sens du paragraphe 207.01(4), compte tenu des adaptations (d) that is not an excluded trust. (fiducie pour l’environnement admissible) (a) the operation of a mine, Charging provision A × B where nécessaires, dans la personne ou société de personnes donnée, (B) le détenteur de cette participation notable a fait un apport de biens à la fiducie ou est bénéficiaire de celle-ci. (prohibited investment) site admissible Relativement à une fiducie, site au Canada qui est ou a été utilisé principalement à l’une ou plusieurs des fins suivantes : a) l’exploitation d’une mine; b) l’extraction d’argile, de tourbe, de sable, de schiste ou d’agrégats, y compris la pierre de taille et le gravier; c) l’entreposage de déchets; d) si la fiducie a été établie après 2011, l’exploitation d’un pipeline. (qualifying site) taux d’impôt sur le revenu des FEA Pour une année d’imposition d’une fiducie, l’excédent, exprimé en fraction décimale, du taux visé à l’alinéa 123(1)a) sur le total visé à l’alinéa b) : a) le taux d’impôt fixé à l’alinéa 123(1)a) pour l’année; b) le total des pourcentages suivants : (i) le pourcentage de réduction du taux général, au sens du paragraphe 123.4(1), qui s’appliquerait à la fiducie pour l’année si elle était une société, (ii) le taux de la déduction d’impôt prévue au paragraphe 124(1) pour l’année. (QET income tax rate) Assujettissement
La fiducie qui est une fiducie pour l’environnement admissible à la fin d’une année d’imposition, à l’exception d’une fiducie qui, à ce moment, est visée aux alinéas 149(1)(z.1) ou z.2), est tenue de payer en vertu de la présente partie pour l’année un impôt égal à la somme obtenue par la formule suivante : A × B où : A représente son revenu, calculé en vertu de la partie I pour l’année compte non tenu des paragraphes 104(4) à (31) ni des articles 105 à 107; B le taux d’impôt sur le revenu des FEA pour l’année. Income Tax Sections 211.6-211.7 Return Payment of tax Provisions applicable to Part (NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.) [R.S., 1985, c. 1 (5th Supp.), s. 211.6; 1994, c. 7, Sch. II, s. 173; 1995, c. 3, s. 50; 1998, c. 19, s. 81; 2011, c. 24, s. 69.] PART XII.5 Definitions (b) in any other case, the amount that would be determined under subsection 127.4(6) in respect of the share if this Act were read without reference to its paragraphs (b) and (d). (crédit d’impôt relatif à un fonds de travailleurs) (c) [Repealed, 2016, c. 7, s. 44] Impôt sur le revenu
Déclaration
La fiducie qui est une fiducie pour l’environnement admissible à la fin d’une année d’imposition est tenue de produire auprès du ministre, au plus tard à la date d’échéance de production qui lui est applicable pour l’année, une déclaration pour l’année en vertu de la présente partie sur formulaire prescrit contenant une estimation de son impôt payable en vertu de la présente partie pour l’année. Paiement de l’impôt
Toute fiducie est tenue de payer au receveur général son impôt payable en vertu de la présente partie pour chaque année d’imposition, au plus tard à la date d’exigibilité du solde qui lui est applicable pour l’année. Dispositions applicables
Les paragraphes 150(2) et (3), les articles 152, 158 et 159, les paragraphes 161(1) et (11), les articles 162 à 167 et la section J de la partie I s’appliquent à la présente partie, avec les adaptations nécessaires. (NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois modificatives et règlements pertinents.) [L.R. (1985), ch. 1 (5e suppl.), art. 211.6; 1994, ch. 7, ann. II, art. 173; 1995, ch. 3, art. 50; 1998, ch. 19, art. 81; 2011, ch. 24, art. 69.]
Recouvrement du crédit d’impôt relatif à un fonds de travailleurs Définitions
acquisition initiale S’entend au sens du paragraphe 127.4(1). (original acquisition) action approuvée S’entend au sens du paragraphe 127.4(1). (approved share) coût net S’entend au sens du paragraphe 127.4(1). (net cost) crédit d’impôt relatif à un fonds de travailleurs Quant à une action : a) si l’acquisition initiale de l’action a eu lieu avant 1996, 20 % de son coût net au moment de cette acquisition; b) dans les autres cas, le montant qui serait déterminé selon le paragraphe 127.4(6) relativement à l’action si la présente loi était appliquée sans tenir compte de ses alinéas b) et d). revoked corporation means a corporation the registration of which has been revoked under subsection 204.81(6). (société radiée) Exchangeable shares NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations. | 1997, c. 25, s. 62; 2000, c. 19, s. 61; 2013, c. 34, s. 343; 2016, c. 7, s. 80; 2016, c. 7, s. 44. Disposition of approved share
Income Tax
A × B where A is B is Impôt sur le revenu
travailleurs ou une société radiée d’une action approuvée de son capital-actions avant le premier abandon de son entreprise à capital de risque, mais moins de huit ans après le jour de l’émission de l’action (autrement que dans les circonstances visées aux subdivisions 204.81(1)c)(v)(A)(I) ou (III) ou aux divisions 204.81(1)c)(v)(B) ou (D) ou autrement que dans le cas où l’action est une action de catégorie A du capital-actions de la société qui est échangée contre une autre action de catégorie A du capital-actions de la société dans le cadre d’un échange admissible) ou en cas de disposition d’une autre action émise par une autre société à capital de risque de travailleurs, la personne qui était l’actionnaire immédiatement avant le rachat, l’acquisition, l’annulation ou la disposition est tenue de payer, en vertu de la présente partie, un impôt égal à la moins élevée des sommes suivantes : a) le résultat du calcul suivant : A × B où : A représente : (i) si l’action a été émise par une société agréée à capital de risque de travailleurs ou par une société radiée, le crédit d’impôt relatif à un fonds de travailleurs au titre de l’action, (ii) si l’action a été émise par une autre société à capital de risque de travailleurs et a été une action approuvée à un moment donné, le montant à verser au gouvernement d’une province par suite du rachat, de l’acquisition, de l’annulation ou de la disposition (autrement que par suite d’un accroissement de l’assujettissement de la société à une pénalité en vertu d’une loi de la province), B : (i) zéro, si l’action a été émise par une société agréée à capital de risque de travailleurs ou par une société radiée, si son acquisition initiale a eu lieu avant le 6 mars 1996 et si le rachat, l’acquisition, l’annulation ou la disposition est effectué, selon le cas : (A) plus de deux ans après le jour de son émission, dans le cas où les statuts de la société permettent le rachat, l’acquisition, l’annulation ou la disposition lorsqu’un particulier atteint l’âge de 65 ans, quitte le marché du travail ou cesse de résider au Canada, (B) plus de cinq ans après son émission, Income Tax
(1.1) Subsections 204.8(2) and (3) and 204.85(3) apply for the purpose of subsection (1). Impôt sur le revenu
(C) si le jour qui suit de cinq ans son émission est en février ou mars d’une année civile, en février ou le 1er mars de cette année, mais au plus 31 jours avant ce jour, (i.1) zéro, si l’action a été émise par une société agréée au capital de risque de travailleurs ou par une société radiée, si son acquisition initiale a eu lieu après le 5 mars 1996 et si le rachat, l’acquisition ou l’annulation est effectué en février ou le 1er mars d’une année civile, mais au plus 31 jours avant le jour qui suit de huit ans l’émission de l’action, (ii) un, dans les autres cas où l’action a été émise par une société agréée au capital de risque de travailleurs ou par une société radiée, (iii) le quotient du crédit d’impôt relatif à un fonds de travailleurs au titre de l’action par le crédit d’impôt prévu par une loi provinciale relativement à une acquisition antérieure de l’action, dans les autres cas; b) le montant qui, en l’absence du paragraphe (2), serait payable à l’actionnaire en raison du rachat, de l’acquisition, de l’annulation ou de la disposition, déterminé après prise en compte du montant visé au sous-alinéa (ii) de l’élément A de la formule figurant à l’alinéa a). Règles d’application (1.1) Les paragraphes 204.8(2) et (3) et 204.85(3) s’appliquent dans le cadre du paragraphe (1). Retenue et versement de l’impôt
Lorsqu’une personne ou une société de personnes (appelées « cessionnaire » au présent article) rachète, acquiert ou annule une action et que, en conséquence, un impôt est payable en vertu de la présente partie par la personne qui était l’actionnaire immédiatement avant le rachat, l’acquisition ou l’annulation, le cessionnaire est tenu, à la fois : a) de retenir cet impôt sur le montant payable par ailleurs à l’actionnaire lors du rachat, de l’acquisition ou de l’annulation; b) de verser cet impôt au receveur général pour le compte de l’actionnaire dans les 30 jours suivant le rachat, l’acquisition ou l’annulation; c) d’accompagner le versement d’un état sur le formulaire prescrit. 1997, c. 25, s. 62; 2000, c. 19, s. 62; 2013, c. 34, s. 344. 2013, c. 34, s. 345, c. 40, s. 81. Return 2013, c. 34, s. 345, s. 346.
1997, c. 25, s. 62; 2000, c. 19, s. 63; 2013, c. 34, s. 346. Income Tax
PART XII.6 (A + B/2 - C - D/2) × (E/12 + F/10) where F is --- Impôt sur le revenu
Impôt sur les actions accréditives Assujettissement
(A + B/2 - C - D/2) × (E/12 + F/10) où : A représente le total des montants représentant chacun un montant auquel elle a censément renoncé au cours de l’année en vertu des paragraphes 66(12.6) ou (12.601) par l’effet du paragraphe 66(12.66), à l’exception d’un montant auquel il a censément été renoncé au titre de frais engagés ou à engager relativement à la production réelle ou éventuelle dans une province où un impôt, semblable à celui prévu par la présente partie, est payable par la société aux termes des lois provinciales par suite du défaut d’engager les frais auxquels il a censément été renoncé; B le total des montants représentant chacun un montant auquel elle a censément renoncé au cours de l’année en vertu des paragraphes 66(12.6) ou (12.601) par l’effet du paragraphe 66(12.66) et qui n’est pas inclus dans la valeur de l’élément A; C le total des frais visés à l’alinéa 66(12.66)(b) qui, à la fois : a) sont engagés ou effectués par la société au plus tard à la fin du mois, b) se rapportent aux renonciations censément effectuées et relativement auxquelles un montant est inclus dans la valeur de l’élément A; D le total des frais visés à l’alinéa 66(12.66)(b) qui, à la fois : a) sont engagés ou effectués par la société au plus tard à la fin du mois, b) se rapportent aux renonciations censément effectuées et relativement auxquelles un montant est inclus dans la valeur de l’élément B; E le taux d’intérêt prescrit pour le mois pour l’application du paragraphe 164(3); F : a) un, si le mois en question est décembre, b) zéro, dans les autres cas. Income Tax
(iii) 12 months earlier, in any other case. Provisions applicable to Part --- Impôt sur le revenu
Déclaration et paiement de l’impôt
La société redevable de l’impôt prévu par la présente partie pour un ou plusieurs mois d’une année civile doit, avant mars de l’année civile subséquente : a) présenter au ministre, sur le formulaire prescrit, une déclaration pour l’année en vertu de la présente partie contenant une estimation de son impôt payable en vertu de cette partie pour chaque mois de l’année; b) verser cet impôt au receveur général. COVID-19 – dépenses réputées avoir été engagées plus tôt (2.1) Si une convention mentionnée au paragraphe 66(12.66) a été conclue en 2019 ou 2020 : a) la mention au paragraphe (2) de « l’année civile subséquente » vaut mention de « la deuxième année civile subséquente »; b) pour l’application du présent article et, lorsque le sous-alinéa (iii) s’applique, de l’alinéa 66(12.66)a), les frais d’exploration au Canada engagés par une société relativement à la convention au cours d’un mois donné d’une année civile sont réputés avoir été engagés : (i) en janvier 2020, si les frais ont été engagés en 2020 et la convention a été conclue en 2019, (ii) en janvier 2021, si les frais ont été engagés en 2021 et la convention a été conclue en 2020, (iii) 12 mois plus tôt, dans les autres cas. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1997, ch. 25, art. 62; 2021, ch. 23, art. 51. Dispositions applicables
Les paragraphes 150(2) et (3), les articles 152, 158 et 159, les paragraphes 161(1) et (11), les articles 162 à 167 et la section J de la partie I s’appliquent à la présente partie, avec les adaptations nécessaires. Income Tax
PART XII.7 Definitions A ÷ B where (pourcentage réel d’utilisation admissible) first recovery taxation year, in respect of a project period of a CCUS project, means the taxation year that includes the last day of the first project period. (première année d’imposition de recouvrement) --- Impôt sur le revenu
Captage, utilisation et stockage du carbone Définitions
année d’imposition de la déclaration S’entend, à la fois : a) de la première année d’imposition d’un contribuable au cours de laquelle un crédit d’impôt pour le CUSC est déduit relativement à un projet de CUSC du contribuable; b) de chaque année d’imposition qui : (i) commence après une année d’imposition visée à l’alinéa a), (ii) se termine avant la vingt-et-unième année civile suivant la fin de l’année d’imposition qui comprend le premier jour des activités commerciales du projet de CUSC. (reporting taxation year) année d’imposition de recouvrement Relativement à un projet de CUSC, s’entend de la première année d’imposition de recouvrement, de la deuxième année d’imposition de recouvrement, de la troisième année d’imposition de recouvrement et de la quatrième année d’imposition de recouvrement. (recovery taxation year) contribuable échangeant des connaissances S’entend d’un contribuable qui a réclamé un crédit d’impôt pour le CUSC pour une année d’imposition se terminant avant le jour du début d’un projet de CUSC régi par l’échange de connaissances. (knowledge sharing taxpayer) date d’échéance du rapport Le 31 décembre 2025, ou si elle est postérieure, la date correspondant à un des jours suivants : a) relativement au rapport annuel sur la divulgation des risques climatiques, du jour qui suit de neuf mois le jour ou l’année d’imposition visée par le rapport se termine; b) relativement au rapport annuel sur l’échange de connaissances d’exploitation, selon le cas : (i) s’il s’agit du premier rapport et que, selon le cas : fourth project period, in respect of a CCUS project, means the five calendar years following the end of the third project period. (quatrième période du projet) fourth recovery taxation year, in respect of a project period of a CCUS project, means the taxation year that includes the last day of the fourth project period. (quatrième année d’imposition de recouvrement) (b) has incurred $250 million or more of qualified CCUS expenditures before the first day of commercial operations of the project. (projet de CUSC requérant l’échange de connaissances) (b) the construction and completion knowledge sharing report containing the information described in the CCUS-ITC Technical Guidance Document referred to in paragraph (a). (rapport sur l’échange de connaissances) knowledge sharing taxpayer means a taxpayer that claimed a CCUS tax credit for a taxation year ending before the project start-up date of a knowledge sharing CCUS project. (contribuable échangeant des connaissances) project period, in respect of a CCUS project, means any of the first project period, the second project period, the third project period and the fourth project period. (période de projet) project start-up date means the day that is 120 days before the first day of commercial operations. (jour du début du projet) (A) le jour du début du projet est antérieur au 1er octobre d’une année civile, du 30 juin de l’année civile qui suit, (B) le jour du début du projet est postérieur au 30 septembre d’une année civile, du 30 juin de la deuxième année civile qui suit l’année civile qui comprend le jour du début du projet, (ii) s’il ne s’agit pas du premier rapport, du 30 juin des quatre premières années civiles qui suivent l’année civile qui comprend le 30 juin visé au sous-alinéa (i), c) relativement au rapport sur l’échange de connaissances de la construction et la réalisation, du dernier jour du sixième mois commençant après le jour du début du projet. (reporting-due day) deuxième année d’imposition de recouvrement Relativement à une période de projet de CUSC, s’entend de la deuxième période de projet. (second recovery taxation year) jour du début du projet Le cent-vingtième jour précédant le premier jour des activités commerciales. (project start-up date) période de déclaration S’entend, à la fois : a) relativement au rapport sur l’échange de connaissances de la construction et la réalisation, de la période commençant le premier jour où une dépense pour un projet de CUSC est engagée et se terminant le jour du début du projet de CUSC requérant l’échange de connaissances; b) relativement à un rapport annuel sur l’échange de connaissances d’exploitation, de chaque période commençant le jour du début du projet et se terminant immédiatement avant la date d’échéance du rapport annuel sur l’échange de connaissances d’exploitation. (reporting period) période de projet Relativement à un projet de CUSC, s’entend de la première période de projet, de la deuxième période de projet, de la troisième période de projet et de la quatrième période de projet. (project period) (d) in respect of the fourth recovery taxation year, the fourth project period. (période de projet pertinente) (c) in respect of the construction and completion knowledge sharing report, the last day of the sixth month beginning after the project start-up date. (date d’échéance du rapport) période de projet pertinente S’entend : a) relativement à la première année d’imposition de recouvrement, de la première période du projet; b) relativement à la deuxième année d’imposition de recouvrement, de la deuxième période du projet; c) relativement à la troisième année d’imposition de recouvrement, de la troisième période du projet; d) relativement à la quatrième année d’imposition de recouvrement, de la quatrième période du projet. (relevant project period) pourcentage réel d’utilisation admissible Relativement à un projet de CCUS pour une période, s’entend du montant, exprimé en pourcentage, obtenu par la formule suivante : A ÷ B où : A représente la quantité de carbone capté que le projet de CCUS a pris en charge à des fins de stockage ou d’utilisation dans le cadre à la fois d’une utilisation admissible et non admissible au cours de la période. (actual eligible use percentage) B La quantité totale de carbone capté que le projet de CCUS a pris en charge à des fins de stockage ou d’utilisation dans le cadre à la fois d’une utilisation admissible et non admissible au cours de la période. (actual eligible use percentage) première année d’imposition de recouvrement Relativement à une période du projet d’un projet de CCUS, s’entend de l’année d’imposition qui inclut le dernier jour de la première période du projet. (first recovery taxation year) première période du projet Relativement à un projet de CCUS, s’entend de la période qui commence le premier jour des activités commerciales – ou, si les activités n’ont pas encore commencé, le jour où les activités devraient commencer selon le dernier plan de construction – et se termine, selon le cas : a) si ce jour est antérieur au mois d’octobre d’une année civile, le 31 décembre de l’année civile qui inclut le quatrième anniversaire de ce jour; b) si ce jour est postérieur au mois de septembre d’une année civile, le 31 décembre de l’année civile qui inclut le cinquième anniversaire de ce jour. (first project period) (période de déclaration) (année d’imposition de la déclaration) (deuxième période du projet) (deuxième année d’imposition de recouvrement) (troisième période du projet) (troisième année d’imposition de recouvrement) projet de CUSC requérant l’échange de connaissances S’entend d’un projet de CUSC admissible qui, selon le cas : a) devrait occasionner des dépenses de CUSC admissibles d’au moins 250 millions de dollars selon l’évaluation la plus récente du projet émise par le ministre des Ressources naturelles pour le projet; b) a occasionné des dépenses de CUSC admissibles d’au moins 250 millions de dollars avant le premier jour des activités commerciales du projet. (knowledge sharing CCUS project) quatrième année d’imposition de recouvrement Relativement à une période de projet d’un projet de CUSC, s’entend de l’année d’imposition qui inclut le dernier jour de la quatrième période du projet. troisième période du projet Relativement à un projet de CUSC, s’entend des cinq années civiles suivant la fin de la troisième période du projet. (third project period) rapport sur l’échange de connaissances S’entend, relativement à un projet de CUSC : a) du rapport annuel sur l’échange de connaissances d’exploitation contenant les renseignements visés par le ministre des Ressources naturelles dans le CUSC-CII Document technique et publié par ce ministre, avec ses modifications successives, selon le modèle annexé au document CUSC-CII Document technique; b) du rapport sur l’échange de connaissances de la construction et la réalisation contenant les renseignements visés dans le document CUSC-CII Document technique visé à l’alinéa a). (knowledge sharing report) société exonérée S’entend d’une société qui, à un moment donné, ne détient pas de participation, directement ou indirectement, dans un projet de CUSC admissible relativement auquel des dépenses de CUSC admissibles d’au moins 20 millions de dollars ont été engagées (selon la plus récente évaluation de projet émise par le ministre des Ressources naturelles pour le projet). (exempt corporation) troisième année d’imposition de recouvrement Relativement à une période de projet de CUSC, s’entend de l’année d’imposition qui inclut le dernier jour de la troisième période du projet. A – B – C where troisième période du projet Relativement à un projet de CUSC, s’entend des cinq années civiles suivant la fin de la deuxième période du projet. (third project period) Recouvrement du crédit d’impôt pour le développement
Tout contribuable doit payer, pour une année d’imposition donnée qui comprend le premier jour des activités commerciales du projet de CUSC, ou pour toute année antérieure, un impôt en vertu de la présente partie égal à l’excédent éventuel du crédit d’impôt cumulatif pour le développement du CUSC pour l’année d’imposition précédente sur son crédit d’impôt cumulatif pour le développement du CUSC pour l’année d’imposition donnée. Accélération du recouvrement de l’impôt
Si le pourcentage réel d’utilisation admissible pour un projet de CUSC pour toute période visée à l’un des sous-alinéas c)(i) ou (ii) de la définition de projet de CUSC admissible au paragraphe 127.44(1) est inférieur à 10 %, pour l’application des paragraphes (4) et (5) : a) le pourcentage réel d’utilisation admissible du projet pour la période pertinente à laquelle la période se rapporte et pour chaque période de projet ultérieure, est réputé nul; b) la période de projet pertinente pour l’année d’imposition de recouvrement donnée est réputée comprendre chaque période de projet ultérieure; c) ces paragraphes ne s’appliquent pas à l’année d’imposition de recouvrement ultérieure relativement au projet. Montant du recouvrement des crédits pour le développement
Si le pourcentage d’utilisation admissible prévu d’un projet de CUSC pour la période de projet pertinente relativement à une année d’imposition de recouvrement donnée excède le pourcentage réel d’utilisation admissible du projet de CUSC de plus de cinq points de pourcentage pour cette période, il est ajouté à l’impôt par ailleurs payable en vertu de la présente partie pour l’année d’imposition de recouvrement donnée par le contribuable qui a déduit un crédit d’impôt pour le CUSC relativement au projet de CUSC une somme égale à la somme obtenue par la formule suivante : A – B – C où : A représente le montant du crédit d’impôt cumulatif pour développement du CUSC du contribuable pour Income Tax
A - B - C where Extraordinary eligible use reduction Income Tax
Effect of extraordinary circumstances Shutdown Impôt sur le revenu
le paragraphe (7) s’applique si les énoncés ci-après se vérifient : a) le pourcentage réel d’utilisation admissible pour un projet de CUSC admissible pendant une période de projet est réduit considérablement en raison de circonstances extraordinaires, pour des objets véritables hors du contrôle du contribuable et de chaque personne ou société de personnes avec laquelle il a un lien de dépendance; b) le contribuable demande par écrit au ministre d’envisager l’application éventuelle du présent paragraphe et du paragraphe (7), au plus tard à la date d’échéance de production qui lui est applicable pour l’année; c) le ministre est convaincu que le contribuable a pris toutes les mesures raisonnables pour tenter de rectifier les circonstances extraordinaires, et qu’il est approprié, compte tenu de toutes les circonstances, d’appliquer le présent paragraphe et le paragraphe (7). Effet des circonstances extraordinaires
Lorsque les conditions énoncées au paragraphe (6) sont satisfaites pour une année d’imposition : a) si des circonstances extraordinaires ont un effet sur les activités du projet de CUSC admissible pour la totalité ou la presque totalité de la période de projet, aucun montant n’est payable par le contribuable pour l’année en vertu des paragraphes (3) à (5) relativement au projet; b) sinon, il n’est pas tenu compte de la partie de la période de projet au cours de laquelle les circonstances extraordinaires ont un effet sur les activités du projet dans le calcul du pourcentage réel d’utilisation admissible pour la période de projet. Arrêt
Pour déterminer l’impôt à payer d’un contribuable en vertu de la présente partie pour une année d’imposition de recouvrement, lorsqu’un projet de CUSC admissible est non opérationnel pour la totalité ou une partie d’une période de projet pertinente : a) si le projet est non opérationnel pour la totalité ou la presque totalité de la période, aucun montant n’est payable par le contribuable pour l’année en vertu des paragraphes (3) à (5) relativement au projet; b) sinon, il n’est pas tenu compte de la partie de la période de projet au cours de laquelle le projet est non opérationnel dans le calcul du pourcentage réel d’utilisation admissible pour la période de projet. Development property disposition A × B × C + D − E where B is the appropriate specified percentage, Disposition des biens pour le développement
Sauf en cas d’application du paragraphe (11), si, à un moment donné d’une année d’imposition donnée, un contribuable dispose ou exporte du Canada un bien auquel la dépense de CUSC admissible a donné lieu à la détermination d’un crédit d’impôt cumulatif pour le développement du CUSC pour une année d’imposition antérieure ou y donnerait lieu pour l’année donnée, n’eût été le présent paragraphe, les règles ci-après s’appliquent : a) si le moment est antérieur à la période totale d’examen du projet de CUSC du projet de CUSC auquel la dépense se rapporte, la dépense est réputée ne pas être une dépense de CUSC admissible relativement au projet de CUSC lorsqu’il s’agit de déterminer le crédit d’impôt cumulatif pour le développement du CUSC du contribuable pour l’année donnée et les années d’imposition suivantes; b) si le moment est au cours de la période totale d’examen du projet de CUSC du projet de CUSC auquel la dépense se rapporte, il doit être ajouté à l’impôt par ailleurs payable par le contribuable en vertu de la présente partie pour l’année le montant obtenu par la formule suivante : A × B × C + D − E où : A représente la dépense de CUSC admissible relative au bien telle qu’elle est calculée pour l’année d’imposition qui comprend le premier jour des activités commerciales, B le pourcentage déterminé approprié, C le montant, ne dépassant pas la valeur pour l’élément D, selon le cas : (i) si le contribuable dispose du bien en faveur d’une personne avec laquelle il n’a pas de lien de dépendance, le produit de disposition du bien, (ii) si le contribuable dispose du bien en faveur d’une personne avec laquelle il a un lien de dépendance, ou l’exporte du Canada sans en avoir disposé, la juste valeur marchande du bien à ce moment, D le coût en capital du bien pour le contribuable, E le total des montants représentant chacun un montant pouvant raisonnablement être considéré comme étant la partie d’un montant payé précédemment par le contribuable en vertu du paragraphe (4) relativement au bien, dans la mesure où le montant n’a pas réduit l’impôt payable par le Refurbishment property disposition A × B × C + D − E where B is the appropriate specified percentage; Election — CCUS project sale Income Tax
(e) subsections (9) and (10) do not apply to the vendor in respect of the disposition of property to the purchaser. Member’s share of tax Impôt sur le revenu
a) l’acheteur est réputé avoir effectué les dépenses admissibles du vendeur aux moments où celles-ci ont été engagées par ce dernier; b) les dispositions de la Loi qui s’appliquent au vendeur relativement au bien et qui sont pertinentes pour l’application de la Loi relativement au bien après ce moment sont réputées avoir été appliquées à l’acheteur. Il est entendu que l’acheteur est réputé avoir réclamé les crédits d’impôt déterminés en vertu de l’article 127.44 que le vendeur aurait pu demander avant ce moment relativement au projet de CUSC; c) tout plan de projet ayant été préparé ou présenté par le vendeur relativement au projet de CUSC avant ce moment est réputé avoir été présenté par l’acheteur; d) l’acheteur est ou sera responsable des montants relatifs au bien dont le vendeur serait redevable en vertu de la présente partie relativement aux actions, transactions ou événements survenus après ce moment, comme si le vendeur les avait entrepris ou y avait autrement participé; e) les paragraphes (9) et (10) ne s’appliquent pas au vendeur relativement à la disposition d’un bien à l’acheteur. Sociétés de personnes
Sous réserve de l’article 127.47, si le paragraphe 127.44(11) s’est appliqué pour ajouter un montant dans le calcul du crédit d’impôt pour le CUSC d’un associé de la société de personnes, pour l’application de la présente partie, les paragraphes (2) à (11) s’appliquent afin de déterminer les montants relatifs à la société de personnes comme si la société de personnes était une société canadienne imposable, son exercice constituant son année d’imposition et qu’elle avait déduit tous les crédits d’impôt pour le CUSC ayant été ajoutés précédemment au calcul du crédit d’impôt pour le CUSC d’un associé de la société de personnes en vertu du paragraphe 127.44(2) par l’effet de l’application du paragraphe 127.44(11) relativement à sa participation dans la société de personnes. Part d’impôt revenant à l’associé
Sauf si le paragraphe (14) s’applique, dans le cas où, au cours d’une année d’imposition, un particulier est un associé d’une société de personnes, le montant qui peut raisonnablement être considéré comme la part qui lui revient de tout montant d’impôt déterminé en vertu du paragraphe (12) relativement à la société de personnes pour son exercice terminé dans l’année d’imposition est ajouté à l’impôt par ailleurs payable du particulier pour l’année d’imposition.
contribuable en vertu de la présente partie pour l’année d’imposition. Choix de l’associé de payer l’impôt
Une société canadienne imposable qui est un associé d’une société de personnes au cours d’un exercice de la société de personnes peut faire un choix, sur le formulaire prescrit et selon les modalités prescrites, d’ajouter à son impôt payable en vertu de la présente partie pour son année d’imposition qui inclut la fin de l’exercice le montant total d’impôt déterminé pour cet exercice selon le paragraphe (12) relativement à la société de personnes. Solidarité
Chaque associé d’une société de personnes est solidairement responsable de toute partie d’un montant d’impôt — déterminé selon le paragraphe (12) relativement à la société de personnes pour l’année d’imposition — qui n’est pas ajouté à l’impôt payable, selon le cas : a) par un associé de la société de personnes en vertu du paragraphe (13); b) par une société canadienne imposable selon le paragraphe (14) et payé par la société au plus tard à sa date d’échéance de production pour l’année. Exigences en matière de déclaration
a) s’il est un contribuable échangeant des connaissances, soumettre relativement à chaque période de déclaration, au plus tard à la date d’échéance du rapport applicable au rapport, un rapport sur l’échange de connaissances auprès du ministre des Ressources naturelles; b) s’il est une société qui n’est pas une société exonérée, au plus tard à la date d’échéance de production pour chaque année d’imposition de la déclaration, mettre à la disposition du public, selon les modalités prescrites, un rapport sur la divulgation des risques climatiques pour l’année qui, à la fois : (i) décrit les possibilités et les risques liés au climat pour la société en fonction des thèmes suivants : (A) la gouvernance de la société relativement aux risques et opportunités liés au climat, (B) les impacts réels et potentiels des opportunités et des risques liés au climat sur les entreprises, la stratégie et la planification financière (ii) explains how the corporation’s governance, strategies, policies and practices contribute to achieving Canada’s Failure to disclose de la société, lorsque de tels renseignements sont importants, (c) les processus adoptés par la société pour identifier, évaluer et gérer les risques liés au climat, (d) les paramètres et les cibles utilisés par la société pour évaluer et gérer les opportunités et les risques liés au climat pertinents, (ii) explique de quelle façon la gouvernance, les stratégies, les politiques et les pratiques de la société contribuent à la réalisation, à la fois : (A) des engagements du Canada en vertu de l’Accord de Paris conclu le 12 décembre 2015, (B) de l’objectif du Canada d’atteindre la carboneutralité d’ici 2050.
Pour l’application du paragraphe (1), un rapport sur la divulgation des risques climatiques est réputé mis à la disposition du public selon les modalités prescrites, si le rapport inclut sa date de publication et est rendu public par la société, ou pour son compte, sur le site Web ou sur celui d’une personne liée pour une période d’au moins trois ans suivant la date d’échéance du rapport. Production partagée
Si, en vertu du paragraphe (1), une personne est tenue de soumettre un rapport sur l’échange de connaissances relativement au projet de CUSC requérant l’échange de connaissances, la soumission du rapport par une telle personne, lorsqu’elle constitue une divulgation complète et exacte, est réputée avoir été faite par chaque personne à laquelle s’applique le paragraphe (1) relativement au rapport. Pénalité — non-respect des exigences de déclaration
Tout contribuable échangeant des connaissances qui omet de produire le rapport sur l’échange de connaissances qui est tenu de produire en application de l’alinéa (1)a) relativement à une période de déclaration est passible d’une pénalité d’un montant de 2 millions de dollars payable le jour suivant la date d’échéance du rapport. Omission de divulguer
Tout contribuable qui omet de rendre disponible le rapport sur la divulgation des risques climatiques qu’il est tenu de produire en application de l’alinéa (1)b) (b) $1 million. Report disclosure Administration (a) the period referred to in paragraph 230(4)(b), and PART XIII Tax Management fee Interest Income Tax
Rents, royalties, etc. (C) profits, (C) profits, Impôt sur le revenu
(ii) sont des intérêts sur des créances participatives; Revenu d’une succession ou d’une fiducie c) du revenu d’une succession ou d’une fiducie, ou en provenant, dans la mesure où cette somme, selon le cas : (i) est incluse dans le calcul du revenu de la personne non-résidente selon le paragraphe 104(13), sauf dans la mesure où elle est réputée, par le paragraphe 104(21), être un gain en capital imposable de cette personne, (ii) peut raisonnablement être considérée, compte tenu des circonstances, y compris les modalités de la succession ou de l’acte de fiducie, comme la distribution d’un montant reçu par la succession ou la fiducie, ou comme une somme au titre du montant, au titre d’un dividende non imposable sur une action du capital-actions d’une société résidant au Canada; Loyers, redevances et autres paiements d) du loyer, de la redevance ou d’un paiement semblable, y compris, sans limiter la généralité de ce qui précède, un paiement fait : (i) en vue d’utiliser, ou d’obtenir le droit d’utiliser, au Canada, des biens, inventions, appellations, brevets, marques de commerce, dessins ou modèles, plans, formules secrètes, procédés de fabrication ou toute autre chose, (ii) pour des renseignements relatifs à des connaissances industrielles, commerciales et scientifiques lorsque la somme totale payable à titre de contrepartie pour ces renseignements dépend en totalité ou en partie : (A) de l’utilisation qui doit en être faite ou de l’avantage qui doit en être tiré, (B) de la production ou de la vente de marchandises ou de services, (C) des bénéfices, (iii) pour des services de nature industrielle, commerciale ou scientifique, rendus par une personne qui est un non-résident lorsque la somme totale payable à titre de contrepartie pour ces services dépend en totalité ou en partie : (A) de l’utilisation qui doit en être faite ou de l’avantage qui doit en être tiré, (B) de la production ou de la vente de marchandises ou de services, (C) des bénéfices, mais à l’exclusion d’un paiement effectué pour des services fournis pour la vente de biens ou la négociation d’un contrat, (iv) sauf si l’alinéa (i) s’applique au montant, conformément à une convention, entre une personne qui réside au Canada et une personne non-résidente, en vertu de laquelle cette dernière convient de ne pas utiliser et de ne permettre à aucune autre personne d’utiliser une chose mentionnée au sous-alinéa (i) ou les renseignements dont il est fait mention au sous-alinéa (ii), (v) qui dépendait de l’utilisation de biens situés au Canada, ou d’une production tirée de ces biens, qu’il ait constitué ou non un acompte sur le prix de vente des biens, à l’exclusion d’un acompte sur le prix de vente de terres agricoles, mais à l’exclusion : (vi) d’un redevance ou d’un paiement semblable à l’égard d’un droit d’auteur au titre de la production ou de la reproduction d’une œuvre littéraire, dramatique, musicale ou artistique, (vii) d’un paiement relativement à l’emploi par une compagnie de chemins de fer ou par une personne dont l’activité d’entreprise principale consiste, à titre de voiturier public, à transporter des biens qui font partie du matériel roulant selon la définition de matériel roulant à l’article 2 de la Loi sur les chemins de fer : (A) si ce paiement est fait pour l’emploi de ce bien pendant une ou plusieurs périodes dont la durée totale présumée ne peut dépasser 90 jours dans toute période de 12 mois, (B) dans les autres cas, si ce paiement est fait conformément à une convention écrite conclue avant le 19 novembre 1974, (viii) d’un paiement effectué en vertu d’un accord, conclu de bonne foi, relatif au partage des frais en vertu duquel la personne effectuant le paiement partage sur une base raisonnable, avec une ou plusieurs personnes non-résidentes, des frais de recherche et de développement appliqués en échange d’un intérêt ou, pour l’application du droit civil, d’un droit portant sur tous les biens ou toutes les autres choses de valeur qui peuvent en résulter, (A) an aircraft, (C) a spare part for property described in clause 212(1)(d)(xi)(A) or 212(1)(d)(xi)(B), Timber royalties (f) [Repealed, 1997, c. 25, s. 63] Patronage dividend Pension benefits (i) [Repealed, 1996, c. 21, s. 55] (ix) d’un loyer en vue d’utiliser ou d’obtenir le droit d’utiliser à l’étranger tout bien tangible ou, par l’application du droit civil, tout bien corporel, (x) tout paiement fait à une personne avec laquelle le payeur n’a aucun lien de dépendance, dans la mesure où le montant de ce paiement est déductible dans le calcul du revenu du payeur tiré, en vertu de la partie I, d’une entreprise qu’il exploite dans un pays étranger; (xi) d’un paiement fait à une personne sans lien de dépendance avec l’auteur du paiement, relativement à l’usage ou au droit d’usage d’un des biens suivants : (A) un aéronef, (B) le mobilier, les accessoires ou le matériel fixé à un aéronef, (C) une pièce de rechange pour un bien visé aux divisions (A) ou (B), (D) le matériel de navigation aérienne utilisé dans la prestation de services sous le régime de la Loi sur la commercialisation des services de navigation aérienne civile, ou les logiciels nécessaires au fonctionnement de ce matériel qui ne sont utilisés à aucune autre fin par le payeur, (xii) d’une somme à laquelle le paragraphe (5) s’appliquerait si l’on n’était pas tenu compte du passage « dans la mesure où la somme se rapporte à cette utilisation ou reproduction » à ce paragraphe; Redevances forestières e) d’une redevance forestière relative à un avoir forestier ou à une concession forestière au Canada (qui, pour l’application de la présente partie, comprend toute contrepartie fournie en échange d’un droit en vertu duquel un droit de couper ou d’enlever du bois d’un avoir forestier ou d’une concession forestière au Canada est obtenu ou découle, dans la mesure où cette contrepartie est en fonction de la quantité de bois coupé ou enlevé ou est calculée d’après cette quantité); f) [Abrogé, 1997, ch. 25, art. 63] Ristourne g) d’une ristourne, c’est-à-dire d’un paiement fait en conformité avec une répartition proportionnelle à l’apport commercial définie à l’article 135, ou d’un h) d’un paiement d’une prestation de retraite ou de pension, autre : (ii) [Abrogé, 1996, ch. 21, art. 55] (iii) qu’une somme distribuée sur un régime de pension agréé collectif qui a été désignée par l’administrateur du régime aux termes du paragraphe 147.5(18), (iii.1) que la partie de ce paiement visé au paragraphe 81(1), dans la mesure où cette somme ou ce paiement ne serait pas, si la personne non-résidente avait résidé au Canada tout au long de l’année d’imposition au cours de laquelle le paiement a été effectué, inclus dans le calcul de son revenu, (iii.1.1) que la partie de ce paiement que le payeur transfère pour le compte de la personne non-résidente, aux termes d’une autorisation établie sur le formulaire prescrit, à un régime de pension agréé collectif, à un régime de pension agréé, à un fonds enregistré d’épargne-retraite, à un fonds enregistré de revenu de retraite ou à un régime de pension déterminé et qui, si la personne non-résidente avait résidé au Canada tout au long de l’année d’imposition du paiement, selon le cas : (A) ne serait pas incluse dans le calcul de son revenu en application des paragraphes 146(21), 147.3(9) ou 147.5(22), (B) serait déductible dans le calcul de son revenu pour l’année en application de l’alinéa 60(j) ou j.2), (iii.2) qu’un montant visé à l’alinéa 110(1)(f) dans la mesure où le montant serait, si la personne non-résidente avait résidé au Canada tout au long de l’année d’imposition dans laquelle le montant a été versé, déductible dans le calcul de son revenu imposable ou du revenu imposable de son époux ou conjoint de fait, (iv) dans le cas d’un paiement visé à l’article 57, que la partie de ce paiement qui, en vertu de cet article, ne serait pas incluse dans le revenu du bénéficiaire pour l’année d’imposition au cours de laquelle elle a été reçue, si avait résidé au Canada tout au long de cette année, Benefits Retiring allowances (j.1) a payment of any allowance described in subparagraph 56(1)(a)(ii), except Supplementary unemployment benefit plan payments (iv.1) que la partie de ce paiement que le payeur transfère pour le compte de la personne non résidente, aux termes d’une autorisation en formulaire prescrit, en vue d’acquérir un contrat de rente dans les circonstances déterminées au paragraphe 146(21), excepté la partie éventuelle du paiement qu’il est raisonnable de considérer comme imputable aux services rendus par la personne à qui ou à l’égard de qui le paiement est fait, au cours des années d’imposition : (v) d’une part, où elle n’a, à aucun moment, résidé au Canada, (vi) d’autre part, tout au long desquelles elle n’a occupé aucun emploi au Canada ou n’y a occupé un emploi qu’occasionnellement; Somme relative à une clause restrictive i) d’une somme qui, si la personne non-résidente avait résidé au Canada tout au long de l’année d’imposition au cours de laquelle la somme a été reçue ou était à recevoir, serait à inclure, en application de l’alinéa 56(1)m) ou du paragraphe 56.4(2), dans le calcul du revenu de la personne pour l’année d’imposition; Avantages j) d’une prestation visée à l’un des sous-alinéas 56(1)a)(iii) à (vi), d’un montant visé aux alinéas 56(1)x) ou z), sauf un montant transféré dans les circonstances visées au paragraphe 207.6(7), ou du prix d’achat d’un droit sur une convention de retraite; Allocations de retraite j.1) d’un paiement d’une allocation visée au sous-alinéa 56(1)a)(ii), à l’exception : (i) de la partie éventuelle du paiement qu’il est raisonnable de considérer comme se rapportant aux services rendus par la personne à qui ou à l’égard de qui le paiement est fait, au cours des années d’imposition : (A) d’une part, où elle n’a, à aucun moment, résidé au Canada, (B) d’autre part, tout au long desquelles elle n’a occupé aucun emploi au Canada ou n’y a occupé un emploi qu’occasionnellement, (ii) de la partie de ce paiement transférée par le payeur, pour le compte de la personne non-résidente, sur autorisation selon le formulaire prescrit, à un régime de pension agréé ou à un régime enregistré d'épargne-retraite dont la personne non-résidente est le rentier (au sens du paragraphe 146(1)), laquelle partie aurait été déductible dans le calcul du revenu de cette personne en vertu de l'alinéa 60j.1) si celle-ci avait résidé au Canada tout au long de l'année; Paiements en vertu d'un régime de prestations supplémentaires de chômage k) d'un paiement au fiduciaire, effectué en vertu d'un régime enregistré de prestations supplémentaires de chômage; Régime enregistré d'épargne-retraite l) d'un paiement effectué dans le cadre d'un régime enregistré d'épargne-retraite, ou d'un régime prévu au «modèle» au paragraphe 146(12), qui, si la personne non-résidente avait résidé au Canada tout au long de l'année d'imposition au cours de laquelle le paiement a été effectué, aurait été inclus dans le revenu de l'article 146, dans le calcul de son revenu pour l'année, sauf la fraction du paiement: (A) dans un régime enregistré d'épargne-retraite en vertu duquel la personne non-résidente est le rentier (au sens du paragraphe 146(1)), (B) pour acquérir une rente visée au sous-alinéa 60(l)(ii) en vertu de laquelle la personne non-résidente est le rentier, ou (C) à un émetteur (au sens du paragraphe 146.3(1)) en contrepartie d'un fonds enregistré de revenu de retraite dont la personne non-résidente est le rentier (au sens du paragraphe 146.3(1)), (iii) d'autre part, serait déductible dans le calcul de son revenu pour l'année si la personne non-résidente avait résidé au Canada tout au long de l'année; Paiement en vertu d'une rente viagère différée à un âge avancé
l.1) du paiement d'une somme visée à l'alinéa 56(1)(z.5); Régime de participation différée aux bénéfices m) d'un paiement effectué aux termes d'un régime de participation différée aux bénéfices ou d'un régime dont l'agrément est retiré, visé au paragraphe 147(15), Income Tax
Impôt sur le revenu
qui, si la personne non-résidente avait résidé au Canada tout au long de l’année d’imposition où le paiement a été effectué, serait inclus, en application de l’article 147, compte non tenu des paragraphes 147(10.1) et (20), dans le calcul de son revenu pour l’année, à l’exception de la partie de ce paiement que le payeur transfère pour le compte de cette personne aux termes d’une autorisation sur formulaire prescrit à un régime de pension agréé ou à un régime enregistré d’épargne-retraite et qui, si cette personne avait résidé au Canada tout au long de l’année, selon le cas : (i) ne serait pas incluse dans le calcul de son revenu en application du paragraphe 147(20), (ii) serait déduite dans le calcul de son revenu pour l’année en application de l’alinéa 60j.2); Paiements en vertu d’un contrat de rente à versements invariables n) d’un paiement fait en vertu d’un contrat de rente à versements invariables, ou de tout produit du rachat, de l’annulation, de la vente ou d’une autre forme de disposition d’un contrat de rente à versements invariables, ou d’un montant réputé reçu, selon le paragraphe 61.1(1), avoir été reçu par une personne non résidente à titre de produit de disposition d’un contrat de rente à versements invariables; Autres paiements de rentes o) d’un paiement en vertu d’un contrat de rente (à l’exception d’un paiement effectué à l’égard d’une rente émise dans le cadre de l’exploitation d’une entreprise d’assurance-vie dans un pays étranger) jusqu’à concurrence du montant relatif à sa participation dans le contrat et qui, si la personne non-résidente avait résidé au Canada tout au long de l’année d’imposition au cours de laquelle le paiement a été fait : (i) d’une part, devrait être inclus dans le calcul de son revenu pour l’année, (ii) d’autre part, ne serait pas déductible dans le calcul de son revenu pour l’année; Ancien compte d’épargne libre d’impôt p) d’une somme qui, si la personne non-résidente avait été un résident du Canada au moment du paiement de la somme, serait à inclure, en application de l’alinéa 12(1)z.5), dans le calcul de son revenu pour l’année d’imposition qui comprend ce moment; Income Tax
Home insulation or energy conversion grants Impôt sur le revenu
Fonds enregistré de revenu de retraite q) d’un paiement effectué dans le cadre d’un fonds enregistré de revenu de retraite qui, si la personne non-résidente avait résidé au Canada tout au long de l’année d’imposition où le paiement a été effectué, serait inclus en application de l’article 146.3 dans le calcul de son revenu pour l’année, à l’exception de la partie de ce paiement qui, à la fois : (i) est transférée par le payeur pour le compte de cette personne aux termes d’une autorisation sur formulaire prescrit : (A) soit à un régime enregistré d’épargne-retraite dont cette personne est le rentier, au sens du paragraphe 146(1), (B) soit pour acquérir une rente visée au sous-alinéa 60l)(ii) dont cette personne est le rentier, (C) soit à un émetteur, au sens du paragraphe 146.3(1), en contrepartie d’un fonds enregistré de revenu de retraite dont cette personne est le rentier, au sens du paragraphe 146.3(1), (ii) serait, si cette personne avait résidé au Canada tout au long de l’année, déductible en application de l’alinéa 60l) dans le calcul de son revenu pour l’année; Régime enregistré d’épargne-études r) d’un paiement qui : (i) est à inclure en application de l’alinéa 56(1)q) dans le calcul du revenu de la personne non-résidente en vertu de la partie I pour une année d’imposition, (ii) n’est pas à inclure dans le calcul du revenu imposable de la personne non-résidente, ou de son revenu imposable gagné au Canada, pour l’année; Régime enregistré d’épargne-invalidité r.1) d’une somme qui serait, si la personne non-résidente avait résidé au Canada tout au long de l’année d’imposition au cours de laquelle elle a été payée à cette personne, à inclure en application de l’alinéa 56(1)q.1), dans le calcul du revenu de la personne non-résidente pour l’année d’imposition; Subventions à l’isolation thermique des maisons ou à la conversion énergétique s) d’une subvention dans le cadre d’un programme visé par règlement du gouvernement du Canada et relatif à l’isolation thermique des maisons ou à la conversion énergétique; First home savings account Tax on dividends (b) a capital dividend. Paiement sur un second fonds du compte de stabilisation du revenu net t) d’un paiement sur un second fonds du compte de stabilisation du revenu net, dans la mesure où ce montant serait à inclure, en application du paragraphe 12(10.2), dans le calcul du revenu de la personne pour une année d’imposition si la partie I s’appliquait; Paiements d’une fiducie au profit d’un athlète amateur u) d’un paiement relatif à une fiducie au profit d’un athlète amateur qui serait à inclure, en vertu de l’article 143.1, dans le calcul du revenu de la personne pour une année d’imposition si la partie I s’appliquait; Paiements dans le cadre d’un arrangement de services funéraires v) d’un paiement effectué par le dépositaire, au sens du paragraphe 148.1(1), d’un arrangement qui, au moment de son établissement, était un arrangement de services funéraires, dans la mesure où le paiement serait inclus, par l’effet du paragraphe 148.1(3), dans le calcul du revenu de la personne pour une année d’imposition si la partie I s’appliquait; w) d’un paiement provenant d’une fiducie qui est ou était, à un moment donné, une fiducie de soins de santé au bénéfice d’employés, sauf dans la mesure où il s’agit d’une prestation désignée au sens du paragraphe 144.1(1); Programme de dénonciateurs de l’inobservation fiscale x) du paiement d’une somme visée à l’alinéa 56(1)(z.4); y) d’un paiement provenant d’un CELIAPP, sauf dans la mesure où il s’agit d’une portion de ce dernier qui est transférée conformément au paragraphe 146.6(7). Impôt sur dividendes
Toute personne non-résidente paie un impôt sur le revenu de 25 % sur toute somme qu’une société résidant au Canada lui paie ou porte à son crédit ou est réputée, selon les parties I ou XIV, lui payer ou porter à son crédit, au titre ou en paiement intégral ou partiel de : a) d’un dividende imposable (autre qu’un dividende sur les gains en capital, au sens donné à cette expression le paragraphe 130.1(4), 131(1) ou 133(7.1)); b) d’un dividende en capital. Exempt dividends (b) either Interest — definitions (iii) of an agent of a province, (iv) of a municipality in Canada or a municipal or public body performing a function of government in Canada, Dividendes exonérés (2.1) Le paragraphe (2) ne s’applique pas au montant qu’un emprunteur verse ou crédite dans le cadre d’un mécanisme de prêt de valeurs mobilières ou d’un mécanisme de prêt de valeurs mobilières déterminé si, à la fois : a) le montant est réputé être un dividende en vertu du sous-alinéa 260(8)(a)(ii); b) selon le cas : (i) le mécanisme est un mécanisme entièrement garanti, (ii) l’emprunteur et le prêteur n’ont pas de lien de dépendance; c) le titre qui est transféré ou prêté à l’emprunteur dans le cadre du mécanisme est une action d’une catégorie de capital-actions d’une société non résidente. Définitions
Les définitions qui suivent s’appliquent à l’alinéa (1)(b). intérêts entièrement exonérés a) Intérêts payés ou payables sur des obligations, débentures, billets, créances hypothécaires ou titres de créance semblables : (i) du gouvernement du Canada ou garantis par lui (autrement que parce qu’ils sont assurés par la Société d’assurance-dépôts du Canada), (ii) du gouvernement d’une province, (iii) d’un mandataire d’une province, (iv) d’une municipalité du Canada ou d’un organisme municipal ou public exerçant une fonction gouvernementale au Canada, (v) d’une société, commission ou association à laquelle s’applique l’un des alinéas 149(1)(d) à (d.6), (vi) d’un établissement d’enseignement ou d’un hôpital, si le remboursement du principal de la créance et le paiement des intérêts doivent être effectués, ou garantis, assurés ou par ailleurs expressément prévus, par le gouvernement d’une province, ou sont celui-ci est caution; b) intérêts payés ou payables sur une créance hypothécaire ou un titre de créance semblable, à l’égard d’immeubles (iii) the security that is transferred or lent to the borrower under the arrangement is described in paragraph (a) or (b). (intérêts entièrement exonérés) situés à l’étranger ou de droits réels sur ceux-ci, ou de biens réels situés à l’étranger ou d’intérêts sur ceux-ci, sauf dans la mesure où les intérêts payables sur le titre sont déductibles dans le calcul du revenu du payeur, en vertu de la partie I, tiré d’une entreprise qu’il exploite au Canada ou de biens autres que des biens immeubles ou réels situés à l’étranger; c) intérêts payés ou payables à une organisation ou institution internationale visée par règlement; d) sommes payées ou payables, ou créditées, aux termes d’un mécanisme de prêt de valeurs mobilières déterminé, qui sont réputées, en vertu du sous-alinéa 260(8)a)(i), être un paiement d’intérêts fait par un emprunteur à un prêteur, si le mécanisme est un mécanisme entièrement garanti, et l’une des conditions suivantes est satisfaite : (i) elles satisfont aux conditions suivantes : (A) le mécanisme a été conclu par l’emprunteur dans le cadre de l’exploitation d’une entreprise à l’étranger, (B) le titre qui est transféré ou prêté à l’emprunteur aux termes du mécanisme est visé à l’alinéa b) de la définition de titre admissible au paragraphe 260(1) et est émis par un émetteur non-résident, (ii) le titre qui est transféré ou prêté à l’emprunteur aux termes du mécanisme est visé à l’alinéa c) de la définition de titre admissible au paragraphe 260(1), (iii) le titre qui est transféré ou prêté à l’emprunteur aux termes du mécanisme est visé aux alinéas a) ou b). (fully exempt interest) intérêts sur des créances participatives Intérêts, sauf ceux visés aux alinéas b) à d) de la définition de intérêts entièrement exonérés, qui sont dus sur une obligation, autre qu’une obligation visée par règlement, et qui, en totalité ou en partie, sont conditionnels à l’utilisation de biens au Canada ou dépendent de la production en provenant ou au Canada ou qui sont calculés en fonction soit de recettes, des bénéfices, de la marge d’autofinancement, du prix des marchandises ou d’un critère semblable, soit des dividendes versés ou payables aux actionnaires d’une catégorie d’actions du capital-actions d’une société. (participating debt interest) (A) the existence of the specified right is required under the terms and conditions of the particular relevant funding arrangement, or (ii) soit détenu un droit déterminé qui est relatif à un bien donné qui a été accordé, directement ou indirectement, par une personne ou société de personnes, et à l’égard duquel un des faits ci-après s’avère : (A) les modalités du mécanisme de financement considéré donné prévoient que le droit déterminé ne doit exister, (B) il est raisonnable de conclure que la totalité ou une partie du mécanisme de financement considéré donné a été conclu, ou permis de demeurer en vigueur, pour l’un des motifs suivants : (I) le droit déterminé a été accordé, (II) le bailleur de fonds considéré prévoyait que le droit déterminé serait accordé; d) l’impôt qui serait payable en vertu de la présente partie relativement à la somme donnée, si celle-ci était payée à un bailleur de fonds ultime plutôt qu’au bailleur de fonds immédiat, est supérieur à l’impôt qui serait payable en vertu de la présente partie (déterminé compte non tenu du présent paragraphe et du paragraphe (3.2)) relativement à la somme donnée; e) à un moment de la période considérée, le total des sommes — dont chacune représente une somme due au titre d’une dette ou autre obligation au bailleur de fonds immédiat et qui est un mécanisme de financement considéré ou la juste valeur marchande d’un bien donné à l’égard duquel un droit déterminé qui est un mécanisme de financement considéré est accordé au bailleur de fonds immédiat — correspond à au moins 25 % du total des sommes suivantes : (i) la somme due au titre de la dette ou autre obligation donnée, (ii) le total des sommes dont chacune représente une somme (sauf une somme visée aux sous-alinéa (i)) due par le contribuable, ou par une personne ou une société de personnes avec laquelle il a un lien de dépendance, au titre d’une dette ou autre obligation de payer une somme au bailleur de fonds immédiat aux termes de la convention, ou d’une convention rattachée à celle-ci, aux termes de laquelle la dette ou autre obligation donnée a été contractée, dans le cas où, à la fois : (A) le bailleur de fonds immédiat reçoit, relativement à un bien qui est la dette ou autre obligation dont il est débiteur ou le bien donné, une Income Tax
(A – B) × C/D × (E – F)/E where G – H where Impôt sur le revenu
garantie, au sens du paragraphe 18(5), pour le paiement de plusieurs dettes ou autres obligations qui comprennent la dette ou autre obligation ainsi que la dette ou autre obligation donnée, (B) chaque garantie pour le paiement d’une dette ou autre obligation mentionnée à la division (A) vise toutes les dettes ou autres obligations mentionnées à cette division. Prêts adossés (3.2) En cas d’application du présent paragraphe à un moment donné relativement à un contribuable, celui-ci est réputé à ce moment, pour l’application de l’alinéa (1)b), payer à chaque bailleur de fonds ultime des intérêts d’un montant déterminé pour chaque bailleur de fonds ultime donné à l’aide de la formule suivante : (A – B) × C/D × (E – F)/E où : A représente le somme donnée visée à l’alinéa (3.1)a); B la partie de la somme donnée qui est réputée, en vertu du paragraphe 214(16), avoir été payée par le contribuable à titre de dividende; C la moyenne des sommes dont chacune représente, à un moment donné de la période considérée, la somme obtenue par la formule suivante : G – H où : G représente la moins élevée des sommes suivantes : a) le montant de la dette ou autre obligation donnée visée à l’alinéa (3.1)a) qui est dû au moment donné; b) le total des sommes dont chacune représente, au moment donné, l’une des sommes suivantes : (i) la somme due au titre d’une dette ou autre obligation dont le bailleur de fonds ultime est créancier aux termes d’un mécanisme de financement donné, (ii) la juste valeur marchande d’un bien visé au sous-alinéa (3.1)c)(ii) relativement auquel le bailleur de fonds ultime donné a accordé un droit déterminé aux termes d’un mécanisme de financement considéré, (iii) zéro, si ni l’un ni l’autre des sous-alinéas (i) et (ii) ne s’applique au moment donné, H le total des sommes dont chacune représente, au moment donné, l’une des sommes suivantes : a) une somme due au titre d’une dette ou autre obligation dont le bailleur de fonds ultime donné est débiteur aux termes d’un mécanisme de financement déterminé, b) la juste valeur marchande du bien donné visé au sous-alinéa (3.1)c)(ii) relativement auquel le bailleur de fonds ultime donné détient un droit déterminé aux termes d’un mécanisme de financement déterminé, c) zéro, si ni l’un ni l’autre des alinéas a) et b) ne s’applique au moment donné; D la moyenne des sommes dont chacune représente le montant de la dette ou autre obligation donnée qui est dû à un moment de la période considérée; E le taux d’impôt (déterminé compte non tenu du paragraphe 214(16)) qui s’appliquerait si le contribuable était assujetti en vertu de la présente partie sur toute ou partie de la somme donnée qui lui a été payée ou qui a été portée à son crédit. Prêts adossés — choix (3.21) Le paragraphe (3.22) s’applique relativement à un contribuable et à deux ou plusieurs bailleurs de fonds ultimes (appelés bailleurs de fonds ultimes déterminés au présent paragraphe et au paragraphe (3.22)) à un moment donné si les énoncés ci-après se vérifient : a) à ce moment, le paragraphe (3.2) s’applique relativement au contribuable; b) avant ce moment, le contribuable et les bailleurs de fonds ultimes déterminés présentent conjointement un choix en vertu du présent paragraphe; c) l’un des bailleurs de fonds ultimes déterminés est désigné dans le choix à titre de bénéficiaire des paiements d’intérêts qui sont réputés faits par le contribuable en vertu du paragraphe (3.22); d) à ce moment, l’impôt qui serait payable en vertu de la présente partie relativement à un paiement d’intérêts fait par le contribuable au bailleur de fonds ultime Excess funding A - B where Income Tax
C/D × E where A/B × C where (3.6) Subsection (3.7) applies in respect of (a) shares (other than specified shares) of the capital stock of a particular relevant funder, in respect of a particular relevant funding arrangement, if — at any time at or after the time when the particular debt or (3.7) If this subsection applies in respect of a specified royalty arrangement (under which a particular relevant funder is a specified licensee) or shares of the capital stock of a particular relevant funder, then, for the purposes of subsections (3.1) to (3.8), (A – B) × C/D where Income Tax
particular relevant funder under the relevant funding arrangement, (a) the particular debt or other obligation referred to in paragraph (3.1)(a); and (b) each debt or other obligation or specified right, owing by or granted to a relevant funder, in respect of Impôt sur le revenu
(i) soit une somme impayée au titre d’une dette ou autre obligation dont le bailleur de fonds considéré donné est débiteur aux termes du mécanisme de financement considéré, (ii) soit la juste valeur marchande d’un bien donné mentionné au sous-alinéa (3.1)(c)(ii) relativement auquel un droit déterminé a été accordé au bailleur de fonds considéré donné aux termes d’un mécanisme de financement considéré, (iii) soit zéro, si ni le sous-alinéa (i) ni le sous-alinéa (ii) ne s’applique, C la juste valeur marchande au moment donné : (i) soit, si le mécanisme de financement considéré est visé à l’alinéa (3.6)(a), actions, (ii) soit, si le mécanisme de financement considéré est visé à l’alinéa (3.6)(b), un mécanisme de redevance déterminé, D le total des sommes dont chacune représente, relativement à un mécanisme de financement considéré mentionné à l’élément C, la valeur de cet élément au moment donné. Prêts adossés — définitions (3.8) Les définitions qui suivent s’appliquent au présent paragraphe et aux paragraphes (3.1) à (3.7) et (3.81). action déterminée Action du capital-actions d’une société si, selon les caractéristiques de l’action ou toute convention ou tout mécanisme qui concerne l’action : a) soit le détenteur de l’action peut faire en sorte que l’action soit rachetée, acquise ou annulée; b) soit la société émettrice ou ses peut être tenue de racheter, d’acquérir ou d’annuler l’action à un moment précis; c) soit l’action est convertible ou échangeable contre une action qui a les caractéristiques visées aux alinéas a) ou b). (specified share) bailleur de fonds considéré Relativement à un mécanisme de financement considéré, les personnes suivantes : a) si le mécanisme est visé à l’alinéa a) de la définition de mécanisme de financement considéré, le bailleur de fonds immédiat visé à l’alinéa (3.1)(a); b) si le mécanisme est visé à l’alinéa b) de la définition, le créancier relativement à la dette ou autre a particular relevant funding arrangement, if the debt or other obligation or specified right meets the conditions in subparagraph (3.1)(c)(i) or (ii) in respect of a relevant funding arrangement. (mécanisme de financement considéré) specified licensee means (a) a lessee, licensee or grantee of a right similar to a right granted under a lease or licence, under a specified royalty arrangement; (b) an assignee under a specified royalty arrangement; or (c) a purchaser under a specified royalty arrangement. (cédant de licence déterminé) specified licensor means (a) a lessor, licensor or grantor of a right similar to a right granted under a lease or licence, under a specified royalty arrangement; (b) an assignor under a specified royalty arrangement; or (c) a seller under a specified royalty arrangement. (cédant en licence déterminé) specified right has the same meaning as in subsection 18(5). (droit déterminé) specified royalty arrangement has the same meaning as in subsection (3.94). (mécanisme de redevance déterminé) (c) the share is convertible or exchangeable into a share that meets the conditions in paragraph (a) or (b). (action déterminée) a) soit n’est ni débiteur, ni titulaire d’un droit déterminé, aux termes d’un mécanisme de financement considéré; b) soit est débiteur, ou titulaire d’un droit déterminé, aux termes d’un mécanisme de financement considéré, si la somme qui serait — si le bailleur de fonds considéré était le bailleur de fonds ultime — déterminée selon l’élément C de la formule figurant au paragraphe (3.2) est supérieure à zéro. (ultimate funder) cédant en licence déterminé Les personnes ou sociétés de personnes s’entend aux termes d’un mécanisme de redevance déterminé : a) un bailleur, un cédant de licence ou la personne ou société de personnes qui accorde un droit semblable à un droit prévu par une convention de bail ou licence; b) un cédant; c) un vendeur. (specified licensor) droit déterminé S’entend au sens du paragraphe 18(5). (specified right) mécanisme de financement considéré Les titres suivants : a) la dette ou autre obligation donnée visée à l’alinéa (3.1)a); b) chaque dette ou autre obligation à payer par un bailleur de fonds considéré, ou droit déterminé accordé à un bailleur de fonds considéré, donné, si la dette ou autre obligation ou droit déterminé remplit les conditions énoncées au sous-alinéa (3.1)c)(i) ou (ii) relativement à un mécanisme de financement considéré. (relevant funding arrangement) mécanisme de redevance déterminé S’entend au sens du paragraphe (3.94). (specified royalty arrangement) (a) is not a debtor, or a holder of a specified right, under a relevant funding arrangement; or Specified shares (3.81) For the purposes of subsections (3.1) to (3.8), porteur de licence déterminé Les personnes ci-après aux termes d’un mécanisme de redevance déterminé : a) un preneur, un porteur de licence ou une personne ou société de personnes à laquelle est accordé un droit semblable à un droit prévu par une convention de bail ou licence; b) un cessionnaire; c) un acquéreur. (specified licensee) Actions déterminées (3.81) Pour l’application des paragraphes (3.1) à (3.8), les règles ci-après s’appliquent : a) les actions déterminées d’un bailleur de fonds considéré, relativement à un mécanisme de financement considéré, sont réputées à un moment donné n’être autre qu’une dette du bailleur de fonds considéré envers une personne ou société de personnes; b) le montant de la dette est réputé égal à la juste valeur marchande des actions déterminées à ce moment. Mécanismes d’adossement — loyers, redevances et paiements semblables (3.9) Le paragraphe (3.91) s’applique à un moment donné relativement à un contribuable si les énoncés ci-après se vérifient : a) à ce moment, le contribuable paie à une personne non-résidente ou à une société de personnes dont un associé est une telle personne (appelées cédant de licence immédiat relativement aux paragraphes (3.91) à (3.94)), ou porte à son crédit, une somme, à titre de loyer, de redevance ou d’un paiement semblable, relativement à un bail, licence ou convention semblable donnée; b) au moment de la conclusion de la convention de bail, licence ou convention semblable ou après ce moment, les conditions ci-après sont remplies : (i) un cédant de licence considéré relatif à un mécanisme de redevance considéré a une obligation de payer à une personne ou société de personnes, ou de porter à son crédit, une somme, dans l’immédiat ou à l’avenir et conditionnellement ou non, relativement à un mécanisme de redevance déterminé, et l’une ou l’autre des conditions additionnelles ci-après est remplie : (A) la somme est déterminée, en tout ou en partie, par rapport : (I) soit à une somme payée ou portée au crédit, ou à une obligation de payer une somme ou de la porter au crédit, relativement à un mécanisme de redevance considéré, (II) soit à un ou plusieurs des critères qui sont la juste valeur marchande d’un bien, les recettes, le revenu, les bénéfices ou les rentrées provenant d’un bien ou tout autre critère semblable applicable à un bien, si un droit relatif au bien est accordé aux termes de la convention de bail, de licence ou convention semblable donnée, (B) il est raisonnable de conclure que le mécanisme de redevance considéré donné a été conclu, ou qu’il a été permis qu’il demeure en vigueur, pour l’un des motifs suivants : (I) le mécanisme de redevance déterminé a été conclu ou il a été permis qu’il demeure en vigueur, (II) il était prévu que le mécanisme de redevance déterminé serait conclu ou qu’il demeurerait en vigueur, (ii) la personne ou la société de personnes : (A) soit a un lien de dépendance avec le contribuable, (B) soit n’a aucun lien de dépendance avec lui, s’il est raisonnable de conclure que l’un des principaux motifs du mécanisme de redevance déterminé était : (I) soit de réduire ou d’éviter l’impôt payable en vertu de la présente partie relativement à la somme donnée, (II) soit d’éviter l’application du paragraphe (3.91); c) l’impôt qui serait payable en vertu de la présente partie relativement à la somme donnée, si celle-ci était payée à un cédant de licence ultime ou portée à son crédit, au lieu d’être payée au cédant de licence immédiat ou portée à son crédit, est plus élevé que l’impôt payable en vertu de la présente partie (déterminé compte non tenu du présent paragraphe et du paragraphe (3.91)) relativement à la somme donnée. (A × B/C) × (D − E)/D where A B is C is D is E Income Tax
(3.92) Subsection (3.93) applies in respect of Impôt sur le revenu
Mécanismes d’adossement — remplacement (3.92) Le paragraphe (3.93) s’applique : a) relativement à des actions du capital-actions d’un cédant de licence considéré donné, relativement à un mécanisme de redevance considéré donné, si — au moment de la conclusion d’une convention de bail, licence ou autre convention semblable comme mentionnée à l’alinéa (3.9)a) ou postérieurement — le cédant de licence considéré donné a une obligation de payer à une personne ou société de personnes, ou de porter à son crédit, une somme au titre ou en paiement intégral ou partiel d’un dividende sur les actions, immédiatement ou pour l’avenir et conditionnellement ou non, et les énoncés ci-après se vérifient : (i) l’une ou l’autre des conditions ci-après est remplie : (A) le montant du dividende est déterminé, en tout ou en partie, par rapport : (I) soit à une somme au titre d’un loyer, d’une redevance ou d’un paiement semblable qui est payé ou porté au crédit, ou d’une obligation de payer ou de porter au crédit, au titre d’un loyer, d’une redevance ou d’un paiement semblable, aux termes d’un mécanisme de redevance considéré, (II) soit à un ou plusieurs des critères qui sont la juste valeur marchande d’un bien, les recettes, le revenu, les bénéfices ou les trésoreries provenant d’un bien, ou tout autre critère semblable applicable à un bien, si un droit relatif au bien est accordé aux termes de la convention de bail, licence ou convention semblable donnée, (B) il est raisonnable de conclure que le mécanisme de redevance considéré donné a été conclu ou qu’il a été permis qu’il demeure en vigueur, pour l’un des motifs suivants : (I) les actions ont été émises ou il a été permis qu’elles demeurent émises et en circulation, (II) il était prévu que les actions seraient émises ou qu’il serait permis qu’elles demeurent émises et en circulation, (ii) la personne ou la société de personnes : (A) soit a un lien de dépendance avec le contribuable visé à l’alinéa (3.9)a), Income Tax
Impôt sur le revenu
(I) soit n’a aucun lien de dépendance avec lui mais il est raisonnable de conclure qu’un des principaux motifs de l’émission des actions était : (I) de réduire ou d’éviter l’impôt payable en vertu de la présente partie relativement à la somme donnée mentionnée à l’alinéa (3.9)a), (II) soit d’éviter l’application du paragraphe (3.91); b) relativement à une somme due au titre d’une dette ou autre obligation de payer une somme, si — au moment de la conclusion d’un contrat de location, de licence ou autre convention semblable mentionnée à l’alinéa (3.9)a) ou postérieurement — un mécanisme de redevance considéré donné, en la méconnaissance de la dette ou autre obligation, a une obligation de payer à son crédit, une somme au titre ou en paiement intégral ou partiel des intérêts dus en vertu de la dette ou autre obligation, dans l’immédiat ou pour l’avenir et conditionnellement ou non, et (i) l’une ou l’autre des conditions ci-après est remplie : (A) le montant des intérêts est déterminé, en tout ou en partie, par rapport à : (I) soit à une somme au titre d’un loyer, d’une redevance ou d’un paiement semblable, ou d’une obligation de payer une telle somme de la porter au crédit, aux termes d’un mécanisme de redevance considéré, (II) soit à un ou plusieurs des critères qui sont la juste valeur marchande d’un bien, les recettes, le revenu ou les rentrées provenant de ce bien, les bénéfices ou gains provenant de la disposition de ce bien ou tout autre critère semblable applicable à ce bien, si un droit relatif à ce bien est accordé aux termes du contrat de location, de licence ou autre convention semblable, ou (B) il est raisonnable de conclure que le mécanisme de redevance considéré donné a été conclu ou qu’il a été permis qu’il demeure en vigueur, pour l’un des motifs suivants : (I) la dette ou autre obligation a été contractée ou il a été permis qu’elle demeure à payer, Income Tax
(II) to avoid the application of subsection (3.91). (II) il était prévu que la dette ou autre obligation serait contractée ou qu’elle demeurerait à payer, (ii) la personne ou la société de personnes : (A) soit a un lien de dépendance avec le contribuable visé à l’alinéa (3.9)a), (B) soit n’a aucun lien de dépendance avec lui mais il est raisonnable de conclure que l’un des principaux motifs de contracter la dette ou autre obligation était : (I) soit de réduire ou d’éviter la taxe payable en vertu de la présente partie relativement à la somme donnée mentionnée à l’alinéa (3.9)a), (II) soit d’éviter l’application du paragraphe (3.91). Mécanismes d’adossement — remplacement (3.93) Si le présent paragraphe s’applique relativement à une dette ou autre obligation de payer une somme (aux termes de laquelle un cédant de licence considéré donné est un emprunteur) ou à des actions du capital-actions d’un cédant de licence considéré donné, les règles ci-après s’appliquent aux fins des paragraphes (3.9) à (3.94) : a) la dette ou autre obligation ou la détention des actions, selon le cas, est réputée être un mécanisme de redevance considéré; b) le créancier ou l’actionnaire, selon le cas, relativement au mécanisme de redevance considéré, est réputé être un cédant de licence considéré, relativement au mécanisme de redevance considéré; c) le mécanisme de redevance considéré est réputé être un mécanisme de redevance déterminé à l’égard duquel les conditions énoncées à l’alinéa (3.9)b) sont remplies. Mécanismes d’adossement — définitions (3.94) Les définitions qui suivent s’appliquent au présent paragraphe et aux paragraphes (3.9) à (3.93). cédant de licence considéré Relativement à un mécanisme de redevance considéré, les personnes suivantes : a) si le mécanisme est visé à l’alinéa a) de la définition de mécanisme de redevance considéré, le cédant de licence immédiat mentionné à l’alinéa (3.9)a); (c) a person or partnership that does not deal at arm’s length with a relevant licensor referred to in paragraph (a) or (b). (cédant de licence considéré) (b) each specified royalty arrangement that specified royalty arrangement means a lease, licence or similar agreement, an assignment or an instalment sale. (mécanisme de redevance déterminé) (b) an assignee; or (c) a purchaser. (cédant de licence ultime) b) si le mécanisme est visé à l’alinéa b) de cette définition, une personne ou société de personnes qui est le bailleur, le cédant de licence ou la personne ou société de personnes qui accorde un droit semblable à un droit prévu par une convention de bail ou licence, le cédant ou le vendeur, selon le cas; c) une personne ou société de personnes qui a un lien de dépendance avec un cédant de licence considéré mentionné aux alinéas a) ou b). (relevant licensor) cédant de licence ultime Cédant de licence considéré (sauf le cédant de licence immédiat) relativement à un mécanisme de redevance considéré qui n’est, aux termes d’un tel mécanisme, aucune des personnes suivantes : a) un preneur, un locataire ou le cessionnaire d’un droit semblable à un droit semblable à un droit prévu par une convention de bail ou licence; b) un cessionnaire; c) un acquéreur. (ultimate licensor) convention de bail, licence ou autre convention semblable Convention aux termes de laquelle un paiement semblable est ou pourrait être effectué. (lease, licence or similar agreement) loyer, redevance ou paiement semblable Les loyers, redevances ou paiement semblables visés à l’alinéa (1)(d) dont il est entendu que tout paiement visé aux sous-alinéas (1)(d)(i) à (v) sont inclus, à l’exclusion de tout paiement visé aux sous-alinéas (1)(d)(vi) à (xii). (rent, royalty or similar payment) mécanisme de redevance considéré : a) toute convention de bail, licence ou convention semblable donnée mentionnée à l’alinéa (3.9)a); b) tout mécanisme de redevance déterminé qui, à la fois : (i) remplit, à l’égard d’un mécanisme de redevance considéré, les conditions énoncées aux divisions (3.9)(b)(i)(A) ou (B), (ii) est un mécanisme relativement auquel la personne ou société de personnes mentionnée au sous-alinéa (3.9)(b)(ii) remplit les conditions énoncées aux divisions (3.9)(b)(ii)(A) ou (B). (relevant royalty arrangement) (a) a motion picture film, or mécanisme de redevance déterminé Bail, licence ou convention semblable, cession ou vente à tempérament. (specified royalty arrangement) Sens de honoraires ou frais de gestion ou d’administration
Pour l’application de l’alinéa (1)a), les honoraires ou frais de gestion ou d’administration ne comprennent pas une somme versée ou créditée, ou réputée, en vertu de la partie I, avoir été versée ou créditée à une personne non-résidente, ou avoir été portée à son crédit au titre ou en paiement intégral ou partiel : a) d’un service fourni par la personne non-résidente si, au moment où elle l’a fourni : (i) d’une part, ce service était fourni dans le cours normal des activités d’une entreprise qu’elle exploitait et qui comprenait la fourniture d’un tel service contre versement d’un honoraire, (ii) d’autre part, cette personne non-résidente et le payeur n’avaient aucun lien de dépendance; b) d’une dépense engagée expressément par la personne non-résidente pour la fourniture d’un service au profit du payeur, dans la mesure où la somme ainsi versée ou créditée était raisonnable dans les circonstances. Films cinématographiques
Toute personne non-résidente doit payer un impôt sur le revenu de 25 % sur toute somme qu’une personne résidant au Canada lui verse ou porte à son crédit, ou est réputée, en vertu de la partie I, lui verser ou porter à son crédit, au titre ou en paiement intégral ou partiel d’un droit d’utilisation de tels œuvres, dans la mesure où la somme se rapporte à cette utilisation ou reproduction : a) un film cinématographique; b) un film, une bande magnétoscopique ou d’autres procédés de reproduction à utiliser pour la télévision, sauf ceux utilisés uniquement pour une émission d’information produite au Canada. Services d’acteur (5.1) Malgré les dispositions réglementaires prises en application de l’alinéa 214(13)c), quiconque est soit un particulier non-résident qui est un acteur, soit une société liée à un tel particulier est tenu de payer un impôt sur le revenu de 23 % sur toute somme qui lui est payée, qui Income Tax
Where s. (6) does not apply Impôt sur le revenu
est portée à son crédit ou qui lui est fournie à titre d’avantage, ou qui est payée, créditée ou ainsi fournie pour son compte, pour la prestation au Canada des services d’acteur qu’il a fournis dans le cadre d’une production cinématographique ou magnétoscopique. Élimination de la double imposition (5.2) Lorsqu’une société est redevable de l’impôt prévu au paragraphe (5.1) au titre d’une somme se rapportant à des services d’acteur fournis par un acteur (appelée « paiement de société » au présent paragraphe) et paie à l’acteur, porte à son crédit ou lui fournit à titre d’avantage une montant pour ces services (appelé « paiement d’acteur » au présent paragraphe), aucun impôt n’est payable en vertu du paragraphe (5.1) au titre du paiement d’acteur, sauf dans la mesure où il excède le paiement de société. Réduction de la retenue (5.3) Le ministre, s’il est convaincu que la déduction ou la retenue à opérer par ailleurs en vertu de l’article 215 sur une somme visée au paragraphe (5.1) entraînerait un préjudice indu, peut fixer un montant inférieur à déduire ou à retenir, et ce montant est réputé être le montant à déduire ou à retenir. Intérêt sur les obligations provinciales de filiales à cent pour cent
Lorsqu’une somme visée au paragraphe (1) se rapporte à des intérêts d’obligations ou d’autres titres émis ou garantis par Sa Majesté du chef d’une province, ou à des intérêts d’obligations ou d’autres titres dont le paiement est prévu par une loi provinciale, l’impôt exigible en vertu du paragraphe (1) est de 5 % de cette somme. Non-application du par. (6)
Le paragraphe (6) ne s’applique pas aux intérêts d’une obligation ou autre titre qui y est visé et qui a été émis après le 20 décembre 1960, à l’exception d’une obligation ou d’un autre titre de ce genre pour l’émission duquel un arrangement a été conclu au plus tard à cette date, avec un courtier en valeurs mobilières, si l’existence de l’arrangement relatif à l’émission de l’obligation ou autre titre est établie au moyen d’un document écrit daté de ce jour ou d’avant ce jour. Obligations émises après le 20 décembre 1960 en échange d’obligations antérieures
Pour l’application de la présente partie, lorsqu’une obligation quelconque, à l’exception d’une obligation à laquelle s’applique la division (1)(b)(ii)(C), a été émise après le 20 décembre 1960 en échange d’une obligation Income Tax
Exemptions
Where Income Tax
For the purposes of this section, where a non-resident person pays or credits an amount as, on account or in lieu of payment of, or in satisfaction of, (b) a timber royalty in respect of a timber resource property or a timber limit in Canada, (e) a payment described in any of paragraphs 212(1)(k) to 212(1)(n), 212(1)(q) and 212(1)(v), Impôt sur le revenu
dans ce pays, aucun impôt n’est payable, en vertu de l’alinéa (1)c), sur une somme versée au cours de l’année d’imposition à un bénéficiaire ou portée à son crédit à titre de revenu de la fiducie ou de revenu qui en provient. Paiement à un bénéficiaire à titre de revenu de fiducie
Pour l’application de l’alinéa (1)c) et sans préjudice de sa portée générale, une somme qu’une succession ou une fiducie verse à un bénéficiaire ou à une autre personne s’y étant intéressée à titre bénéficiaire, ou qu’elle porte à son crédit, est réputée lui avoir été payée, ou avoir été portée à son crédit, à titre de revenu de la fiducie ou de la succession, indépendamment de la source d’où la fiducie ou la succession tire ce revenu. Paiements réputés au conjoint
Aucun impôt n’est payable en application du présent article sur une somme incluse, en application du paragraphe 56(4) ou (4.1) ou de l’un des articles 74.1 à 75 de la présente loi ou de l’article 74 de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts revisés du Canada de 1952, dans le calcul du revenu d’un contribuable en vertu de la partie I pour une année d’imposition et qui a été payée à une personne non-résidente ou portée à son crédit au cours de l’année. Loyer et autres paiements
Pour l’application du présent article, lorsqu’une personne non-résidente paie ou crédite une somme au titre ou en paiement intégral ou partiel : a) d’un loyer pour l’usage de biens au Canada (autres que des biens qui font partie du matériel roulant tel que défini à l’article 2 de la Loi sur les chemins de fer); b) d’une redevance forestière relative à un avoir forestier ou à une concession forestière au Canada; c) d’une prestation de retraite ou de pension versée en vertu d’un régime agréé, ou d’un montant provenant d’une convention de retraite et réparti entre plusieurs; d) du paiement d’une allocation de retraite ou d’une prestation consécutive au décès dans la mesure où le paiement est déductible dans le calcul du revenu imposable gagné au Canada du payeur; e) d’un paiement visé à l’un des alinéas (1)k) à n), q) et v); f) des intérêts sur une créance hypothécaire ou une autre créance semblable créée ou modifiée après le 31 mars 1977 et garantie par des immeubles situés au Canada ou des droits réels sur ceux-ci ou des biens réels situés au Canada ou des intérêts sur ceux-ci, dans la mesure où la somme ainsi payée ou créditée est déductible dans le calcul du revenu imposable du non-résident et qu’il a gagné au Canada ou du montant sur lequel il est redevable d’un impôt en vertu de la partie I; g) d’une somme à laquelle l’alinéa (1)i) s’appliquerait si la somme payée ou créditée était payée ou créditée par une personne résidant au Canada, dans la mesure où cette somme influe, ou vise à influer, de quelque manière que ce soit, sur : (i) l’acquisition ou la fourniture de biens ou de services au Canada, (ii) l’acquisition ou la fourniture de biens ou de services à l’étranger par une personne résidant au Canada, ou (iii) l’acquisition ou la fourniture à l’étranger d’un bien canadien imposable, elle est réputée, en ce qui concerne ce paiement, être une personne résidant au Canada. Application de la partie XIII lorsque le payeur ou le destinataire est une société de personnes (13.1) Pour l’application de la présente partie, à l’exclusion de l’article 216 : a) lorsqu’une société de personnes paie ou crédite une somme à une personne non-résidente, la société de personnes est réputée, à l’égard de la fraction du paiement qui est déductible, ou qui serait, sans l’article 21, déductible dans le calcul du revenu ou de la perte, selon le cas, mentionné à l’alinéa 96(1)f) ou g) si les mots « dans un endroit donné » et « cet endroit donné » y étaient remplacés par les mots « au Canada », être une personne qui réside au Canada; a.1) la société de personnes qui paie ou fournit à une personne non-résidente, pour son crédit, une somme visée au paragraphe (5.1) est réputée, à l’égard de la somme, être une personne; b) lorsqu’une personne qui réside au Canada paye ou crédite une somme à une société de personnes (à l’exclusion d’une société de personnes canadienne au sens de l’article 102), la société de personnes est réputée, à l’égard de ce paiement, être une personne non-résidente. Application de la partie XIII — payeur assujetti à la partie I (13.2) Pour l’application de la présente partie, si une personne non-résidente donnée verse une somme, sauf
[Repealed, 2007, c. 35, s. 59] Certain obligations Exception (17.1) Notwithstanding subsections (1) and (2), Undertaking 1/365 × .25 × (A - B) × C where (b) the greater of en garantie ou en contrepartie d’un titre qui est soit visé à l’alinéa a) de la définition de intérêts entièrement exonérés au paragraphe (3), soit un titre du gouvernement d’un pays, d’une province, d’un État, d’une municipalité ou d’une autre subdivision politique et qui a été prêté ou transféré aux termes d’un mécanisme de prêt de valeurs mobilières, b) la plus élevée des sommes suivantes : (i) dix fois le montant maximal de capital employé par le contribuable à la fin du jour donné, déterminé en conformité avec la législation de la ou des provinces où il est un courtier en valeurs mobilières inscrit et où se trouve le capital, (ii) vingt fois le montant maximal de capital que le contribuable est tenu de conserver selon les lois des provinces où il est un courtier en valeurs mobilières inscrit à titre de marge relativement aux titres visés à l’alinéa a) de la définition de intérêts entièrement exonérés au paragraphe (3) et aux titres du gouvernement d’un pays, d’une province, d’un État, d’une municipalité ou d’une autre subdivision politique, C le taux d’intérêt prescrit qui est en vigueur le jour donné. Le contribuable est tenu de verser cet impôt au receveur général au plus tard le quinzième jour du mois suivant le mois qui comprend le jour donné. Mécanisme de prêt de valeurs mobilières désigné
Pour l’application du paragraphe (19), est un mécanisme de prêt de valeurs mobilières désigné le mécanisme de prêt de valeurs mobilières qui présente les caractéristiques suivantes : a) il s’agit d’un mécanisme dans le cadre duquel : (i) le prêteur est soit une institution financière visée par règlement, soit un courtier en valeurs mobilières inscrit résident au Canada, (ii) le titre prêté ou transféré est un titre visé à l’alinéa a) de la définition de intérêts entièrement exonérés au paragraphe (3) ou une obligation d’un pays, d’une province, d’un État, d’une municipalité ou d’une autre subdivision politique, (iii) la somme d’argent remise au prêteur pendant la durée du mécanisme, en garantie ou en contrepartie du titre prêté ou transféré, n’excède pas Income Tax
A × (B – C) + B where Impôt sur le revenu
110 % de la juste valeur marchande de ce titre au moment où la somme est remise; b) il s’agit d’un mécanisme d’une durée prévue d’au plus 270 jours et qui ne fait pas partie d’une série de mécanismes de prêt de valeurs mobilières, de prêts ou d’autres opérations d’une durée prévue de plus de 270 jours. Mécanisme de coupons d’intérêts détachés — conditions
Le paragraphe (22) s’applique à un moment donné relativement à un contribuable si les conditions ci-après sont remplies : a) à ce moment, le contribuable paie à une personne ou à une société de personnes (appelée « détenteur d’un coupon d’intérêt » au présent paragraphe et au paragraphe (22)), une somme à son crédit, une somme donnée au titre ou en paiement intégral ou partiel des intérêts relatifs à une dette ou autre obligation donnée, sauf un titre de créance désigné offert publiquement, payable à une autre personne ou à une société de personnes (appelée « créancier ayant un lien de dépendance » au présent paragraphe et au paragraphe (22)) qui est : (i) une personne non-résidente avec laquelle le contribuable a un lien de dépendance, (ii) une société de personnes autre qu’une société de personnes canadienne; b) l’impôt qui serait payable en vertu de la présente partie relativement à une somme donnée, si celle-ci était payée au créancier ayant un lien de dépendance ou portée à son crédit plutôt que payée au détenteur d’un coupon d’intérêt ou portée à son crédit, est supérieur à celui que l’impôt payable en vertu de la présente partie (déterminé compte non tenu du paragraphe (22)) relativement à la somme donnée. Mécanisme de coupons d’intérêts détachés — application
En cas d’application du présent paragraphe à un moment donné relativement à un contribuable, celui-ci est réputé à ce moment, pour l’application de l’alinéa (1)b), payer au créancier ayant un lien de dépendance des intérêts dont la somme est obtenue par la formule suivante : A × (B – C) + B où : A représente la somme donnée visée à l’alinéa (21)a); Definition of specified publicly offered debt obligation [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 212; 1994, c. 7, Sch. II, s. 4, 174, Sch. VIII, s. 1; 1995, c. 13, s. 28, c. 21, s. 57, c. 38, s. 44; 1996, c. 21, s. 54; 1997, c. 25, s. 102; 1998, c. 35, s. 50; 1999, c. 22, s. 67; 1999, c. 26, s. 75; 2000, c. 19, s. 66; 2001, c. 17, s. 192, 224, 226; 2007, c. 35, s. 59; 2011, c. 24, s. 59; 2012, c. 25, s. 6; 2012, c. 31, s. 48; 2013, c. 34, ss. 37, 51; 2014, c. 20, ss. 28, 36, 38; 2016, c. 12, s. 17; 2017, c. 33, s. 74; 2021, c. 23, s. 82; 2022, c. 19, s. 83; 2023, c. 6, s. 82. Income Tax
(1.1) If this subsection applies, exceeds Impôt sur le revenu
mentions « société payante » et « société donnée » y figurant valent mention respectivement de « société en cause » et « acheteur » et que l’article 186 s’applique compte non tenu de son paragraphe (6)) à l’acheteur. Non-résidents avec lien de dépendance — vente d’actions (1.1) En cas d’application du présent paragraphe, les règles ci-après s’appliquent : a) l’excédent éventuel de la juste valeur marchande de la contrepartie — sauf la contrepartie qui consiste en actions du capital-actions de l’acheteur — que la personne non-résidente visée au paragraphe (1) reçoit de l’acheteur pour les actions en cause sur le capital versé au titre de ces actions immédiatement avant la disposition est réputé être un dividende : (i) si, immédiatement avant la disposition, l’acheteur contrôlait la personne non-résidente : (A) versé au moment de la disposition par la société en cause au non-résident, (B) reçu, à ce moment, par le non-résident de la société en cause, (ii) sinon : (A) versé au moment de la disposition par l’acheteur au non-résident, (B) reçu, à ce moment, par le non-résident de l’acheteur; b) dans le calcul du capital versé, à un moment donné après le 31 mars 1977, d’une catégorie donnée d’actions du capital-actions de l’acheteur, est déduit le produit de la multiplication de l’excédent éventuel du montant de l’augmentation, à la suite de la disposition, dans le capital versé, calculé compte non tenu du présent article tel qu’il s’applique à la disposition, à l’égard de toutes les actions du capital-actions de l’acheteur sur l’excédent du montant visé au sous-alinéa (i) sur le montant visé au sous-alinéa (ii) : (i) le capital versé à l’égard des actions en cause immédiatement avant la disposition, (ii) la juste valeur marchande de la contrepartie visée à l’alinéa a), par le rapport entre l’augmentation, à la suite de la disposition, dans le capital versé, calculé compte non tenu du présent article tel qu’il s’applique à la Idem exceeds Idem (d) for the purpose of paragraph (a), Idem
Pour l’application du présent article : a) il est entendu qu’un non-résident est réputé avoir un lien de dépendance avec l’acheteur au moment où une disposition visée au paragraphe (1) est effectuée si le non-résident : (i) d’une part, immédiatement avant ce moment, faisait partie d’un groupe de moins de six personnes qui contrôlaient la société en cause, (ii) d’autre part, immédiatement après ce moment, faisait partie d’un groupe de moins de six personnes qui contrôlaient l’acheteur, dont chacun était membre du groupe visé au sous-alinéa (i); b) afin de déterminer si un non-résident visé à l’alinéa a) faisait partie d’un groupe de moins de six personnes qui contrôlaient une société à un moment donné, toute action du capital-actions de cette société qui, à ce moment, appartenait à l’une des personnes ci-après est réputée appartenir au non-résident à ce moment et non à la personne à qui l’action appartenait réellement à ce moment : (i) l’enfant du non-résident, au sens du paragraphe 70(10), âgé de moins de 18 ans ou l’époux ou le conjoint de fait du non-résident, (ii) une fiducie dont le non-résident, une personne visée au sous-alinéa (i) ou la société visée au sous-alinéa (iii) est bénéficiaire, (iii) une société contrôlée par le non-résident, par une personne visée au sous-alinéa (i), par la fiducie visée au sous-alinéa (ii) ou par une combinaison de ceux-ci, (iv) une société de personnes dont le non-résident ou une personne visée à l’un des sous-alinéas (i) à (iii) est un associé détenant une participation majoritaire ou un membre d’un groupe d’associés détenant une participation majoritaire au sens du paragraphe 251.1(3); c) une fiducie et un de ses bénéficiaires ou une personne liée à celui-ci sont réputés avoir un lien de dépendance; d) pour l’application de l’alinéa a) : (i) un groupe de personnes quant à une société s’entend de plusieurs personnes possédant chacune des actions du capital-actions de la société, (e) [Repealed, 2018, c. 27, s. 21] A/B where A/B where A × B/C where A/B where A × B/C where B la juste valeur marchande totale, à ce moment, des actions détenues par l’intermédiaire, (ii) le détenteur est réputé avoir reçu de l’acquéreur, et l’acquéreur est réputé avoir payé au détenteur, en contrepartie des actions qui sont réputées avoir fait l’objet d’une disposition en vertu du sous-alinéa (i), une contrepartie (autre que des actions du capital-actions de l’acheteur) correspondant à la somme obtenue par la formule suivante : A × B/C où : A représente la juste valeur marchande de la contrepartie (autre que des actions du capital-actions de l’acheteur) reçue de l’acquéreur par le détenteur pour la participation détenue, B la valeur de l’élément A de la formule figurant au sous-alinéa (i), C la juste valeur marchande totale de la participation détenue; b) pour l’application des paragraphes (1) et (1.1) et de l’alinéa c), si, à un moment donné, un intermédiaire (à l’exception d’une fiducie non résidente) dispose d’actions du capital-actions d’une société résidant au Canada en faveur d’un acquéreur : (i) chaque détenteur d’une participation dans l’intermédiaire est réputé avoir disposé, à ce moment, des actions, par catégorie, en faveur de l’acquéreur dans la proportion obtenue par la formule suivante : A/B où : A représente la juste valeur marchande, à ce moment, de la participation du détenteur dans l’intermédiaire, B la juste valeur marchande totale, à ce moment, de l’ensemble des participations directes (déterminées comme tenu du paragraphe (5)) dans l’intermédiaire, (ii) chaque détenteur d’une participation dans l’intermédiaire est réputé avoir reçu de l’acquéreur, et l’acquéreur est réputé avoir payé à chacun de ces détenteurs, en contrepartie des actions qui sont réputées avoir fait l’objet d’une disposition en vertu du sous-alinéa (i), une contrepartie (autre que des actions du capital-actions de l’acheteur) correspondant à la somme obtenue par la formule suivante : A × B/C A/B where A × B/C where A × B/C where Avoidance of subsections (5) and (6) [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 212.1; 1994, c. 7, Sch. II, s. 175; Sch. VIII, s. 154; 1999, c. 22, s. 76; 2000, c. 12, s. 142; 2013, c. 40, s. 82; 2016, c. 12, s. 88; 2018, c. 27, s. 21. Application
(i) a person resident in Canada, l’acheteur à un moment donné ou un intermédiaire est propriétaire d’actions du capital-actions de la société en cause, chaque détenteur d’une participation dans l’intermédiaire est réputé, à ce moment, être propriétaire des actions de chaque catégorie du capital-actions de la société en cause qui appartiennent à l’intermédiaire, dont le nombre est déterminé par la formule suivante : A × B/C où : A représente le nombre total d’actions de la catégorie du capital-actions de la société en cause qui appartiennent à l’intermédiaire à ce moment, B la juste valeur marchande, à ce moment, de la participation du détenteur dans l’intermédiaire, C la juste valeur marchande totale, à ce moment, de l’ensemble des participations directes (déterminées compte non tenu du paragraphe (5)) dans l’intermédiaire. Évitement des paragraphes (5) et (6)
La valeur des éléments A et B de la formule figurant à l’alinéa (5)b), des éléments A et B de la formule figurant à l’alinéa (6)c)(i) et des éléments B et C de la formule figurant à l’alinéa (6)d), relativement à une participation à titre de bénéficiaire d’une fiducie détenue par une personne ou une société de personnes, réputée égale à un si les faits ci-après s’avèrent : a) la part de la personne ou de la société de personnes du revenu ou capital accumulés de la fiducie est fonction de l’exercice ou de l’absence d’exercice, par quiconque, d’un pouvoir discrétionnaire; b) il est raisonnable de considérer que l’une des raisons d’être du pouvoir discrétionnaire est de permettre d’éviter ou de restreindre l’application du paragraphe (1.1). [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 212.1; 1994, ch. 7, ann. II, art. 175; ann. VIII, art. 154; 1999, ch. 22, art. 76; 2000, ch. 12, art. 142; 2013, ch. 40, art. 82; 2016, ch. 12, art. 88; 2018, ch. 27, art. 21. Conditions d’application
a) un contribuable dispose d’une action du capital-actions d’une société résidant au Canada (ou d’un bien dont plus de 10 % de la juste valeur marchande est attribuable à des actions du capital-actions de sociétés y résidant); (ii) soit en faveur d’une personne résidant au Canada, (iii) soit en faveur d’une société de personnes dans laquelle une personne résidant au Canada a une participation directe ou indirecte, (iii) soit en faveur d’une personne ou d’une société de personnes qui acquiert l’action ou le bien dans le cadre de l’exploitation d’une entreprise par l’entremise d’un établissement stable au Canada, au sens du Règlement de l’impôt sur le revenu; b) le paragraphe 212.1(1.1) ne s’applique pas relativement à la disposition; c) le contribuable est non-résident au moment de la disposition; d) il est raisonnable de conclure que la disposition fait partie d’une série attendue d’opérations ou d’événements qui comprend, d’une part, l’émission après le 15 décembre 1998 d’une action donnée du capital-actions d’une compagnie d’assurance donnée résidant au Canada au moment de sa démutualisation, au sens du paragraphe 139.1(1), et, d’autre part, les cas : (i) après la disposition, le rachat, l’acquisition ou l’annulation de l’action donnée, ou d’une action de remplacement, par la société donnée ou par l’émetteur de l’action de remplacement, selon le cas, (ii) après la disposition, une augmentation du niveau de dividendes déclarés ou versés sur l’action donnée ou sur une action de remplacement, (iii) l’acquisition, au moment de la disposition ou après ce moment, de l’action donnée ou d’une action de remplacement : (A) soit par une personne ayant un lien de dépendance avec la société donnée ou avec l’émetteur de l’action de remplacement, selon le cas, (B) soit par une société de personnes dans laquelle une personne ayant un lien de dépendance avec la société donnée ou avec l’émetteur de l’action de remplacement, selon le cas, détient une participation directe ou indirecte; e) au moment de la disposition, la personne visée aux sous-alinéas a)(i) ou (iii) ou toute personne qui a une participation directe ou indirecte dans la société de personnes visée aux sous-alinéas a)(ii) ou (iii) avait ou aurait vraisemblablement dû avoir connaissance de la série attendue d’opérations ou d’événements visée à l’alinéa d). Deemed dividend A - ((A/B) × C) where (i) the CRIC, or b) la société résidente ou une autre société canadienne est, immédiatement après le moment du placement, ou le devient après ce moment dans le cadre d’une opération, d’un événement ou d’une série d’opérations ou d’événements qui comprend la réalisation du placement, contrôlée par une personne non-résidente ou, si aucune personne non-résidente ne contrôle la société résidente, par un groupe de personnes non-résidentes qui ont des liens de dépendance entre elles (au présent article, cette personne non-résidente, ou chaque membre du groupe de personnes non-résidentes, le cas échéant, est appelée « entité mère », et le groupe de personnes non-résidentes, le cas échéant, est appelé le « groupe d’entités mères »), et l’un des énoncés ci-après se vérifie : (i) si, au moment du placement, une entité mère était propriétaire de toutes les actions du capital-actions de la société résidente et, le cas échéant, d’une autre société canadienne qui appartiennent à cette entité mère — déterminé comme il est prévu à l’alinéa (25)(b) de l’entité mère, de chaque personne avec laquelle elle a un lien de dépendance et de toutes ces sociétés et personnes étant immédiatement et absolus et ceux-ci avaient été exercés, au moment du placement, par l’entité mère, toute personne avec laquelle elle a un lien de dépendance et toutes ces sociétés et personnes dont elle ou une personne avec laquelle elle a un lien de dépendance est associé (autre qu’un commanditaire, au sens du paragraphe 96(2.4)), elle serait propriétaire d’actions du capital-actions de la société résidente ou de l’autre société canadienne qui, selon le cas : (A) confèrent à leurs détenteurs au moins 25 % du total des voix pouvant être exprimées à l’assemblée annuelle des actionnaires relativement à la totalité du capital-actions de la société résidente ou de l’autre société canadienne, selon le cas, (B) ont une juste valeur marchande égale à au moins 25 % de celle de l’ensemble des actions émises et en circulation du capital-actions de la société résidente ou de l’autre société canadienne, selon le cas, Income Tax
(c) neither subsection (16) nor (18) applies in respect of the investment. A × B/C where B is C is Impôt sur le revenu
(ii) le placement est une acquisition d’actions du capital-actions d’une société déterminée qui est effectuée par une société résidente à laquelle le présent sous-alinéa s’applique par l’effet du paragraphe (19), (iii) d’après un arrangement conclu relativement au placement, une personne ou une société de personnes, à l’exception de la société résidente ou d’une personne qui lui est liée, peut, de façon tangible, subir des pertes ou réaliser des gains ou des bénéfices relativement à un bien qu’il est raisonnable de considérer comme se rapportant au placement; c) les paragraphes (16) et (18) ne s’appliquent pas relativement au placement. Opérations de transfert de sociétés étrangères affiliées — conséquences
En cas d’application du présent paragraphe à un placement qu’une société résidente fait dans une société déterminée : a) pour l’application de la présente partie et sous réserve des paragraphes (3) et (7), la société résidente est réputée avoir versé à chacune des entités mères au moment du dividende, et chacune de ces entités mères est réputée avoir reçu de la société résidente à ce moment, un dividende dont le montant est déterminé par le résultat de la formule suivante : A × B/C où : A représente le total des sommes dont chacune correspond à la partie de la juste valeur marchande, au moment du placement, d’un bien transféré par la société résidente (à l’exception d’actions de son capital-actions), d’une obligation assumée ou contractée par elle, d’un avantage autrement conféré par elle ou d’un bien qui lui est transféré — lequel transfert donne lieu à la réduction d’une somme qui lui est due —, qu’il est raisonnable de considérer comme se rapportant au placement; B (i) en présence d’une entité mère, un, (ii) en présence d’un groupe d’entités mères, la juste valeur marchande au moment du dividende des actions du capital-actions de la société résidente qui sont détenues, directement ou indirectement, par l’entité mère, C (i) en présence d’une entité mère, un, Income Tax
Definitions Impôt sur le revenu
(iii) en présence d’un groupe d’entités mères, le total des sommes représentant chacune la juste valeur marchande au moment du dividende des actions du capital-actions de la société résidente qui sont détenues, directement ou indirectement, par une entité mère; b) est à déduire dans le calcul, au moment du placement ou à tout moment postérieur, du capital versé au titre d’une catégorie d’actions du capital-actions de la société résidente le montant de toute augmentation du capital versé au titre de la catégorie, calculé compte non tenu du présent article, qu’il est raisonnable de considérer comme se rapportant au placement. Choix — substitution de dividende
Si une société résidente (ou une société résidente et une société qui est une société de substitution admissible relativement à la société résidente au moment du dividende) et une entité mère (ou une entité mère et une autre personne non-résidente avec laquelle celle-ci est liée au moment du dividende) font un choix conjoint en vertu du présent paragraphe à l’égard d’un placement dans un document produit auprès du ministre au plus tard à la date d’échéance de production de la déclaration de la société résidente pour l’année d’imposition qui comprend le moment du dividende, le dividende qui, en l’absence du présent paragraphe, serait réputé, en vertu de l’alinéa (2)a), avoir été versé par la société résidente et reçu par celle-ci de la société résidente, est réputé avoir plutôt été : a) versé par la société résidente ou la société de substitution admissible, comme convenu dans le choix; b) versé à l’entité mère ou à l’autre personne non-résidente et reçu par l’une ou l’autre, selon le cas, comme convenu dans le choix. Définitions
Les définitions qui suivent s’appliquent au présent article. catégorie transfrontalière Est une catégorie transfrontalière relativement à un placement la catégorie des actions du capital-actions de la société résidente ou de la société de substitution admissible à l’égard de laquelle, immédiatement après le moment du dividende à l’égard du placement, les faits ci-après s’avèrent : a) une entité mère, ou une personne non-résidente avec laquelle celle-ci a un lien de dépendance, détient au moins une des actions de la catégorie; b) au plus 30 % des actions de la catégorie qui sont émises et en circulation appartiennent à au moins une (i) a parent, (ii) a group of parents, or Modification of terms — paragraph (10)(e) personne qui réside au Canada et qui a un lien de dépendance avec une entité mère. (cross-border class) moment du dividende Est le moment du dividende relativement à un placement celui des moments ci-après qui est applicable : a) si la société résidente est contrôlée par une entité mère ou un groupe d’entités mères au moment du placement, ce moment; b) dans les autres cas, le premier en date de ce qui suit : (i) le premier moment, après le moment du placement, où la société résidente est contrôlée par une entité mère ou un groupe d’entités mères, (ii) le premier anniversaire du jour qui comprend le moment du placement. (dividend time) société de substitution admissible Est une société de substitution admissible à un moment donné à l’égard d’une société résidente si la société résidente est à ce moment : a) elle est contrôlée, à ce moment, par : (i) soit une entité mère, (ii) soit un groupe d’entités mères, (iii) soit une personne non-résidente avec laquelle l’entité mère a un lien de dépendance; b) elle a un pourcentage d’intérêt, au sens du paragraphe 95(4), dans la société résidente à ce moment; c) des actions de son capital-actions appartiennent, à ce moment, à une entité mère ou à une autre personne non-résidente avec laquelle celle-ci a un lien de dépendance à ce moment. (qualifying substitute corporation) Modification des modalités — alinéa (10)(e)
Dans le cas d’un placement visé à l’alinéa (10)(e), la société résidente est réputée, pour l’application de l’alinéa (2)a), transférer à la société intermédiaire un bien qui se rapporte au placement et dont la juste valeur marchande correspond à celle des sommes ci-après qui est applicable : a) si le placement est visé au sous-alinéa (10)(e)(i), la somme due relativement à la créance visée à ce sous-alinéa immédiatement après le moment du placement; Sequential investments — paragraph (10)(f) b) s’il est visé au sous-alinéa (10)(e)(ii), la juste valeur marchande des actions visées à ce sous-alinéa immédiatement après le moment du placement. Placements successifs visés à l’alinéa (10)f) (5.1) Dans le cas d’un placement (appelé « second placement » au présent paragraphe) visé à l’alinéa (10)f) qu’une société résidente fait dans une société déterminée, la valeur déterminée pour l’élément A à l’alinéa (2)a) relativement au second placement est réduite de la valeur déterminée pour l’élément A à l’alinéa (2)a) relativement au premier placement (appelé « premier placement » au présent paragraphe) fait par une autre société résidente au Canada dans la société déterminée s’il est appliqué une réduction de la valeur déterminée pour l’élément A à l’alinéa (2)a) relativement au second placement si les faits ci-après s’avèrent : a) le premier placement est un placement qui est visé aux alinéas (10)a) ou b) et auquel l’alinéa (2)a) s’applique; b) immédiatement après le moment du placement relatif au premier placement, l’autre société n’est pas contrôlée par : (i) en présence d’une entité mère relativement à la société résidente, l’entité mère; (ii) en présence d’un groupe d’entités mères relativement à la société résidente, le groupe d’entités mères; c) l’autre société devient, après le moment qui suit immédiatement le moment du placement relatif au premier placement et dans le cadre d’une opération, d’un événement ou d’une série d’opérations ou d’événements qui comprend la réalisation du premier placement, contrôlée par l’entité mère ou le groupe d’entités mères, selon le cas, par l’effet du second placement. Règle anti-évitement — catégorie transfrontalière
Une catégorie donnée des actions d’une société résidente ou d’une société de substitution admissible qui, en l’absence du présent paragraphe, serait une catégorie transfrontalière relativement à un placement est réputée ne pas être une catégorie transfrontalière relativement au placement si les faits ci-après s’avèrent : a) une société donnée résidant au Canada qui a un lien de dépendance avec une entité mère : (i) soit fait l’acquisition d’actions de la catégorie donnée (ou d’actions qui sont substituées à celles-ci) dans le cadre d’une opération, d’un événement ou d’une série d’opérations ou d’événements qui comprend le placement, (ii) soit est propriétaire d’actions de la catégorie donnée (ou d’actions qui y sont substituées) et, dans le cadre d’une opération, d’un événement ou d’une série d’opérations ou d’événements qui comprend le placement, il y a une majoration du capital versé au titre de la catégorie à propos de laquelle les énoncés ci-après s’avèrent : (A) la majoration n’est pas le résultat d’une acquisition visée au sous-alinéa (i), (B) il est raisonnable de considérer que la majoration est liée aux fonds que la société donnée ou une autre société résidente au Canada (autre que la société émettrice de la catégorie donnée) a reçus à titre de financement d’une entité mère ou d’une personne non-résidente qui a un lien de dépendance avec une entité mère, sauf dans les cas où, à la fois : (I) le financement donne lieu à une augmentation, égale au fonds reçu, du capital versé au titre des actions d’une catégorie du capital-actions de la société donnée ou de l’autre société qui est une catégorie transfrontalière relativement au placement, (II) l’augmentation visée à la sous-division (I) est survenue au plus tard au moment de la majoration du capital versé au titre de la catégorie donnée; b) il est raisonnable de considérer que l’un des principaux motifs de l’acquisition ou du financement, selon le cas, était l’augmentation de la somme à déduire en application des alinéas (7)b) ou c) dans le calcul du capital versé au titre des actions de la catégorie donnée qui appartiennent à la société donnée. Réduction d’un dividende réputé
En cas d’application de l’alinéa (2)a) à un placement qu’une société résidente fait dans une société déterminée, les règles ci-après s’appliquent : a) si la société résidente démontre — à l’égard d’au moins une catégorie des actions de son capital-actions, ou de celui d’une société de substitution admissible, dont les actions émises et en circulation appartiennent en totalité, à un moment immédiatement postérieur au moment du dividende relatif au placement, à des personnes qui n’ont pas de lien de dépendance avec la société résidente — qu’une partie du capital versé au titre de chacune des catégories d’actions est le résultat d’au moins un transfert direct ou indirect de biens à la société résidente et que tous les biens ainsi transférés ont été utilisés par celle-ci pour faire, en tout ou en partie, le placement (ou, dans le cas d’un placement visé à l’alinéa (10)f), l’acquisition directe visée par cet alinéa), auquel cas les règles ci-après s’appliquent : (i) la valeur, déterminée compte non tenu du présent paragraphe, pour l’élément A en application de l’alinéa (2)a) est réduite par la moindre des sommes suivantes : (A) ce montant, (B) le total des sommes au titre du capital versé ainsi démontrées par la société résidente, (ii) est déduite, dans le calcul — effectué après le moment du dividende — du capital versé au titre de chaque catégorie visée au présent alinéa effectué à un moment postérieur au moment du dividende, une somme égale à la partie du montant déterminé selon le sous-alinéa (i) qui peut raisonnablement être considérée comme étant liée à cette catégorie; b) si la valeur déterminée compte non tenu du présent alinéa, pour l’élément A à l’alinéa (2)a), correspond ou est supérieure au total des sommes représentant un montant de capital versé, déterminé immédiatement après le moment du dividende compte non tenu du présent alinéa, au titre d’une catégorie transfrontalière relativement au placement, les règles ci-après s’appliquent : (i) la valeur visée par le présent alinéa est appliquée en réduction de la valeur déterminée pour l’élément A à l’alinéa (2)a), compte non tenu du présent alinéa, (ii) est déduite, dans le calcul — effectué après le moment du dividende — du capital versé au titre de chaque catégorie transfrontalière relativement au placement, une somme égale au capital versé au titre de cette catégorie immédiatement après le moment du dividende, déterminé compte non tenu du présent alinéa; c) si l’alinéa b) ne s’applique pas et qu’il existe au moins une catégorie transfrontalière relativement au placement, les règles ci-après s’appliquent : (i) la valeur déterminée, compte non tenu du présent alinéa, pour l’élément A à l’alinéa (2)a), est ramenée à zéro, (ii) est déduite, dans le calcul du capital versé au titre d’une catégorie transfrontalière donnée relativement au placement effectué après le moment du dividende, la somme qui, lorsqu’elle est ajoutée au Income Tax
(d) if the amount determined for A in paragraph (2)(a) is reduced because of any of subparagraphs (a)(ii), (b)(ii) and (c)(ii), Impôt sur le revenu
total des sommes déduites en application du présent alinéa dans le calcul du capital versé au titre d’autres catégories transfrontalières, donne lieu à la réduction totale la plus élevée par l’effet du présent alinéa, immédiatement après le moment du dividende, du capital versé au titre d’autres catégories transfrontalières qui appartiennent à une entité mère ou à une autre personne non-résidente avec laquelle celle-ci a un lien de dépendance au moment du dividende, (iii) si la proportion des actions d’une catégorie d’actions que, en tout ou en partie, détiennent les entités mères ou les personnes non-résidentes qui ont un lien de dépendance avec des entités mères est égale à la proportion des actions qui appartiennent d’au moins une autre catégorie transfrontalière (au présent sous-alinéa l’ensemble de ces catégories et de la catégorie donnée étant appelées conjointement « catégories pertinentes »), la proportion de la déduction opérée par l’effet du sous-alinéa (ii) du capital versé au titre de toutes les catégories pertinentes sur le total du capital versé, déterminé immédiatement après le moment du dividende et compte non tenu du présent sous-alinéa, au titre de toutes les catégories pertinentes, (iv) le total des sommes représentant chacune une somme à déduire en application du sous-alinéa (ii) dans le calcul du capital versé au titre d’une catégorie transfrontalière doit correspondre à la somme qui est retranchée de la valeur déterminée pour l’élément A à l’alinéa (2)a) par l’effet du sous-alinéa (i); d) si la valeur déterminée pour l’élément A à l’alinéa (2)a) est réduite par l’effet des sous-alinéas a)(ii), b)(ii) ou c)(ii), les règles ci-après s’appliquent : (i) la société résidente doit présenter au ministre selon les modalités réglementaires un formulaire dans lequel figurent les renseignements prescrits et les montants, déterminés à un moment immédiatement postérieur au moment du dividende et compte non tenu du présent paragraphe, du capital versé au titre de chaque catégorie d’actions qui est visée à l’alinéa a) ou qui est une catégorie transfrontalière relativement au placement, le montant du capital versé au titre des actions de chacune des catégories d’actions qui appartiennent à une entité Paid-up capital adjustment exceeds --- mère ou à une autre personne non-résidente qui, au moment du dividende, a un lien de dépendance avec une entité mère et les déductions opérées par l’effet des sous-alinéas a)(i), b)(i) ou c)(i) relativement à chacune de ces catégories, (ii) si le formulaire n’est pas présenté au plus tard à la date d’échéance de production de la société résidente pour son année d’imposition qui comprend le moment du dividende, la société résidente est réputée avoir versé à chaque entité mère et chaque entité mère est réputée avoir reçu de la société résidente, à cette date, un dividende égal au total des sommes dont chacune représente le montant d’une réduction opérée par l’effet des sous-alinéas a)(i), b)(i) ou c)(i) correspondant au montant que la société résidente est réputée, en vertu de l’alinéa (2)a), avoir payé à l’entité mère. Choix — non-réduction du dividende réputé (7.1) Le paragraphe (7) ne s’applique pas relativement à un placement fait par une société résidente si les faits ci-après s’avèrent : a) le placement a été fait entre le 28 mars 2012 et le 16 août 2013; b) au moment du placement, chaque action du capital-actions de la société résidente, et chaque société de substitution admissible relative à la société résidente, qui n’appartenait pas à la société mère appartenait à des personnes ou sociétés de personnes avec lesquelles la société mère avait un lien de dépendance; c) la société résidente présente un choix à cet effet au ministre avant 2017. Rajustement du capital versé
La moins élevée des sommes ci-après est à ajouter dans le calcul du capital versé, à tout moment après le 28 mars 2012, au titre d’une catégorie d’actions du capital-actions d’une société : a) l’excédent du total visé au sous-alinéa (i) sur celui visé au sous-alinéa (ii) : (i) le total des sommes qui sont réputées, en vertu des paragraphes 84(3), (4) ou (4.1), être un dividende versé par la société sur des actions de la catégorie après le 28 mars 2012 et avant le moment en cause, (ii) le total qui serait déterminé selon le sous-alinéa (i) si la présente loi s’appliquait compte non tenu de l’alinéa (2)b) et des paragraphes (7) et (9); Income Tax
exceeds Paid-up capital reinstatement exceeds A/B where A is B is A × B/C where qui ont été substituées aux actions du capital-actions de la société déterminée, est égale au quotient obtenu par la formule suivante : A/B où : A représente celui des montants ci-après qui est applicable : (A) si le placement est visé à l’alinéa (10)b), la partie de la juste valeur marchande, immédiatement avant le moment postérieur, des actions distribuées qu’il est raisonnable de considérer comme se rapportant à l’apport du capital qu’est le placement, (B) si le placement est visé aux alinéas (10)a) ou f), la moindre des sommes suivantes : (I) la partie de la juste valeur marchande, immédiatement avant le moment postérieur, des actions distribuées qu’il est raisonnable de considérer comme se rapportant aux actions acquises (« actions acquises » au présent alinéa) du capital-actions de la société déterminée acquises dans le cadre du placement (autre qu’une partie visée à la division (A)), (II) la somme obtenue en multipliant le montant déterminé selon le sous-alinéa a)(i) par le rapport du montant déterminé selon le sous-alinéa (I) sur la juste valeur marchande, immédiatement avant le moment postérieur, des actions acquises ou sur la partie de la juste valeur marchande des actions qui ont substituées à celles-ci et qu’il est raisonnable de considérer comme se rapportant aux actions acquises, B celui des pourcentages ci-après qui est applicable : (A) si la société donnée est, immédiatement après le moment du dividende, une société de remplacement admissible pour la société résidente, le pourcentage d’intérêt de la société donnée (au sens du paragraphe 95(4)) dans la société résidente immédiatement après ce moment, (B) sinon, 100 %, (ii) dans tous les autres cas, est égale à la somme obtenue par la formule suivante : A × B/C (III) if the investment is described in paragraph (10)(c) or (d) or subparagraph (10)(e)(i), où : A représente une somme égale à la juste valeur marchande de biens qui : (A) selon ce que démontre la société donnée, ont été reçus au moment postérieur par elle ou par une société résidant au Canada qui, à ce moment, avait un lien de dépendance avec la société donnée (l'une ou l'autre étant appelée « société bénéficiaire » au présent sous-alinéa), selon le cas : (I) au titre de produit de la disposition des actions acquises ou d'autres actions dans la mesure où il est raisonnable de considérer le produit de la disposition des autres actions comme se rapportant aux actions acquises ou aux actions du capital-actions de la société déterminée visée à l'alinéa (10)b) a été fait, (II) au titre de réduction du capital versé ou de dividende relativement à une catégorie d'actions du capital-actions de la société déterminée ou la portion d'une réduction du capital versé ou d'un dividende relativement à une catégorie d'actions du capital-actions d'une société étrangère affiliée de la société donnée ont été substituées à des actions du capital-actions de la société déterminée qu'il est raisonnable de considérer comme se rapportant aux actions du capital-actions de la société déterminée, (III) si le placement est visé aux alinéas (10)c) ou d) ou au sous-alinéa (10)e)(i) : 1 soit à titre de remboursement de la créance, ou de produit provenant de sa disposition, 2 soit à titre d'intérêt sur la créance ou la somme à payer, (B) ne soit pas reçu par la société bénéficiaire : (I) soit par l'effet d'un placement, fait par la société bénéficiaire, auquel les paragraphes (16) ou (18) s'appliquent, (II) soit au titre de produit provenant d'une disposition de biens au profit d'une société résidant au Canada pour laquelle l'acquisition est un placement auquel les paragraphes (16) ou (18) s'appliquent, ou au profit d'une société de personnes elle en associé, Income Tax
Impôt sur le revenu
Échange d’une créance contre des actions (9.1) Pour l’application du paragraphe (9), si, à un moment donné, une créance à l’égard d’un placement visé aux alinéas (10)c) ou d) ou au sous-alinéa (10)c)(i) est échangée contre des actions d’une société déterminée et que des actions visées au sous-alinéa (18)b)(i) ou au paragraphe 18(d) sont acquises dans le cadre de l’échange, toutes les sommes qui sont, relativement au placement donné, à déduire en application de l’alinéa (2)b) ou du paragraphe (7), ou à ajouter en application du paragraphe (9), dans le calcul du capital versé relativement à une catégorie d’actions avant ce moment sont réputées être déduites ou ajoutées, selon le cas, au titre de l’acquisition des actions et non du placement donné. Continuité aux fins du rétablissement du capital versé (9.2) Si, à un moment donné, des actions (dans le présent paragraphe appelées « nouvelles actions ») d’une catégorie du capital-actions d’une société résidant au Canada sont acquises — dans le cadre d’une opération à laquelle l’un des articles 51, 85, 85.1, 86 ou 87 s’appliquent — en échange d’une action (appelée « ancienne action » au présent paragraphe) d’une catégorie du capital-actions d’une société donnée qui est soit cette société, soit une autre société résidant au Canada, les règles ci-après s’appliquent pour l’application des paragraphes (8) et (9) : a) si la société qui émet les nouvelles actions n’est pas la société donnée, elle est réputée être la même société que la société donnée et en être la continuation de celle-ci; b) les nouvelles actions sont réputées être la même action, et appartenir à la même catégorie d’actions du capital-actions de la société donnée, que l’ancienne action; c) si l’ancienne action demeure en circulation après l’échange, celle-ci est réputée appartenir à une autre catégorie d’actions du capital-actions de la société donnée. Placement dans une société déterminée
Au présent article, placement s’entend des opérations ci-après qu’une société résidente fait à l’égard d’une société déterminée : (e) an extension of a) toute acquisition d’actions du capital-actions de la société déterminée par la société résidente; b) tout apport de capital à la société déterminée par la société résidente, lequel est réputé comprendre toute opération ou tout événement dans le cadre desquels un avantage est conféré à la société déterminée par la société résidente; c) toute opération dans le cadre de laquelle une somme devient due à la société résidente par la société déterminée, sauf s’il s’agit d’une somme qui, selon le cas : (i) prend naissance dans le cours normal des activités de l’entreprise de la société résidente et est remboursée, autrement qu’au titre d’une série de prêts ou d’autres opérations et remboursements, dans les 180 jours suivant le jour où elle devient due, (ii) est un prêt ou dette déterminé immédiatement après le moment de l’opération, (iii) prend naissance du fait qu’un dividende n’a pas encore été déclaré par la société déterminée; d) toute acquisition, par la société résidente auprès d’une personne, d’un titre de créance de la société déterminée, à l’exception d’un titre de créance qui, selon le cas : (i) si l’acquisition est effectuée dans le cours normal des activités de l’entreprise de la société résidente, est acquis auprès d’une personne avec laquelle celle-ci n’a aucun lien de dépendance au moment de l’acquisition, (ii) est un prêt ou dette déterminé immédiatement après le moment de l’acquisition; e) toute prolongation : (i) de l’échéance d’une créance (sauf celle qui est un prêt ou dette déterminé immédiatement après le moment de la prolongation) due par la société déterminée à la société résidente, (ii) de l’échéance pour le rachat, l’acquisition ou l’annulation d’actions du capital-actions de la société déterminée appartenant à la société résidente; f) toute acquisition indirecte par la société résidente d’actions du capital-actions de la société déterminée qui fait suite à une acquisition directe par la société résidente d’actions du capital-actions d’une autre société (a) either résidant au Canada — dont la société déterminée est une société étrangère affiliée — si la juste valeur marchande totale des actions détenues directement ou indirectement par l’autre société qui sont des actions de sociétés étrangères affiliées de celle-ci excède 75 % de la juste valeur marchande totale (déterminée compte non tenu des créances de toute société résidant au Canada dans laquelle l’autre société a une participation directe ou indirecte) des biens appartenant à l’autre société; g) toute acquisition par la société résidente d’une option, d’un intérêt ou, pour l’application du droit civil, d’un droit sur des actions du capital-actions de la société déterminée, d’une somme due par celle-ci (sauf une somme due visée aux sous-alinéas c)(i) ou (ii)) ou d’un titre de créance visé aux sous-alinéas d)(i) ou (ii)). Prêt ou dette déterminé
Pour l’application du paragraphe (10) et sous réserve du paragraphe 17.1(3), un prêt ou une dette déterminé, à un moment donné, s’entend d’un prêt ou d’une dette à ce moment à l’égard de laquelle les faits ci-après s’appliquent : a) selon le cas : (i) la somme est devenue due après le 28 mars 2012, (ii) la somme est devenue due avant le 29 mars 2012 et représente une créance dont l’échéance a été prolongée après le 28 mars 2012 et au plus tard au moment donné; b) il ne s’agit pas d’une somme due visée au sous-alinéa (10)c)(i) ni d’un titre de créance visé au sous-alinéa (10)d)(i); c) la société résidente et chaque entité mère font un choix conjoint en vertu du présent alinéa relativement à la somme due, dans un document qu’elles produisent au ministre au plus tard à la date d’échéance de production qui est applicable à la société résidente pour l’une des années ci-après qui est applicable : (i) s’agissant d’une somme due visée au sous-alinéa a)(i), l’année au cours de laquelle la somme est devenue due, (ii) s’agissant d’une somme due visée au sous-alinéa a)(ii), l’année au cours de laquelle la prolongation a été effectuée. Rules for paragraph (10)(f)
For the purposes of paragraph (10)(f), Control Choix produit en retard
Le choix prévu au paragraphe (3) ou à l’alinéa (11)c) qui n’a pas été fait au plus tard à la date mentionnée à cet alinéa est réputé avoir été fait à cette date s’il est fait au plus tard le jour qui suit cette date de trois ans et si la pénalité relative au choix est payée par la société résidente au moment où le choix est fait. Pénalité pour choix produit en retard
Pour l’application du paragraphe (12), la pénalité relative au choix mentionné à ce paragraphe correspond au résultat de la multiplication de 100 $ par le nombre de mois ou de parties de mois compris dans la période commençant à la date où le choix devait être fait selon le paragraphe (3) ou l’alinéa (11)c), selon le cas, et se terminant à la date où il est fait. Règles relatives à l’alinéa (10)f)
Pour l’application de l’alinéa (10)f) : a) la condition énoncée à cet alinéa est réputée être remplie au moment de l’acquisition dans le cas où, à la fois : (i) après le moment de l’acquisition, l’autre société mentionnée à cet alinéa dispose, directement ou indirectement dans le cadre d’une série d’opérations ou d’événements qui comprend l’acquisition, d’un bien (sauf des actions de ses sociétés étrangères affiliées) qu’elle détient directement ou indirectement, (ii) à tout moment de la période au cours de laquelle la série se produit qui est postérieur au moment de l’acquisition, la condition énoncée à cet alinéa aurait été remplie si l’acquisition s’était produite à ce moment postérieur; b) la juste valeur marchande des biens détenus directement ou indirectement par l’autre société n’a pas à être prise en compte plus d’une fois lorsqu’il s’agit de déterminer si la condition énoncée à cet alinéa est remplie. Contrôle
Les règles ci-après s’appliquent au présent article et à l’alinéa 128.1(1)c.3) : a) la société résidente ou le contribuable auquel l’alinéa 128.1(1)c.3) s’applique (appelé « société particulière » au présent paragraphe) qui, en l’absence du Income Tax
Impôt sur le revenu
présent paragraphe serait contrôlé à un moment donné : (i) par plus d’une personne non-résidente, est réputé ne pas être contrôlé à ce moment par une telle personne qui contrôle à ce même moment une autre personne non-résidente qui, elle-même, contrôle à ce moment la société particulière, sauf dans le cas où, par suite de l’application du présent alinéa, aucune personne non-résidente ne contrôlerait par ailleurs la société particulière, (ii) par une société non-résidente donnée est réputé ne pas être contrôlé à ce moment par la société non-résidente donnée si celle-ci est contrôlée à ce moment par une autre société qui, à ce même moment, à la fois : (A) réside au Canada, (B) n’est pas contrôlée par une personne non-résidente ni par un groupe de personnes non-résidentes qui ont des liens de dépendance entre elles; b) une personne non-résidente est réputée ne pas être membre d’un groupe particulier de personnes non-résidentes qui ont des liens de dépendance entre elles qui contrôle la société particulière si, à la fois : (i) la personne non-résidente est, compte non tenu de l’application du présent alinéa, un membre du groupe donné, (ii) la personne non-résidente est membre du groupe donné uniquement parce qu’il contrôle, ou est membre d’un groupe qui contrôle, un autre membre du groupe donné. Exception — activités d’entreprise plus étroitement rattachées
Sous réserve du paragraphe (19), le paragraphe (2) ne s’applique pas à un placement qu’une société résidente déterminée fait dans une société déterminée si la société résidente démontre que les conditions ci-après sont réunies : a) les activités d’entreprise exercées par la société déterminée et par les autres sociétés dans lesquelles elle a, au moment du placement, un pourcentage d’intérêt au sens du paragraphe 95(4) (ces autres sociétés étant appelées « filiales déterminées » au présent paragraphe et au paragraphe (17)) sont à ce moment, et devraient demeurer, dans l’ensemble plus étroitement rattachées aux activités d’entreprise exercées au Canada par la société résidente ou par une société résidente au Canada avec laquelle elle a un lien de (i) in Canada, or dépendance au moment du placement qu’aux activités d’entreprise exercées par toute personne non-résidente avec laquelle la société résidente a un lien de dépendance à ce même moment, sauf les sociétés suivantes : (i) la société déterminée, (ii) les filiales déterminées, (iii) toute société qui est, immédiatement avant le moment du placement, une société étrangère affiliée contrôlée de la société résidente pour l’application de l’article 17; b) le principal dirigeant, ou ce qui a trait à la réalisation du placement revenait à des cadres de la société résidente ou d’une société résidant au Canada avec laquelle celle-ci avait un lien de dépendance au moment du placement et était exercé par eux, et la majorité de ces cadres : (i) soit résidaient, et travaillaient principalement, au Canada, ou (ii) soit résidaient, et travaillaient principalement, dans un pays où réside une société (appelée « filiale rattachée » au présent paragraphe et au paragraphe (17)) qui est une société étrangère affiliée contrôlée de la société résidente pour l’application de l’article 17 et que ces activités d’entreprise qui sont à ce moment, et devraient demeurer, dans l’ensemble au moins aussi étroitement rattachées à celles de la société déterminée et des filiales déterminées que le sont dans l’ensemble les activités d’entreprise exercées au Canada par la société résidente ou par une société résidant au Canada avec laquelle celle-ci a un lien de dépendance à ce moment à celles de la société déterminée et des filiales déterminées; c) au moment du placement, il est raisonnable de s’attendre à ce que, à la fois : (i) le principal pouvoir décisionnel en ce qui a trait au placement revienne à des cadres de la société résidente ou d’une société résidant au Canada avec laquelle celle-ci a un lien de dépendance et soit exercé par eux à ce moment, (ii) la majorité de ces cadres résident, et travaillent principalement, au Canada ou dans un pays où réside une filiale rattachée, (iii) l’évaluation du rendement et la rémunération des cadres de la société résidente ou de la société résidant au Canada avec laquelle celle-ci a un lien Exception — corporate reorganizations de dépendance qui résident, et travaillent principalement, au Canada ou dans un pays où réside une filiale rattachée soient fondées sur les résultats d’activités de la société déterminée dans une plus large mesure que ne le sont l’évaluation du rendement et la rémunération de tout cadre d’une société non-résidente (à l’exception de la société déterminée, d’une société qu’elle contrôle et d’une filiale rattachée) qui a un lien de dépendance avec la société résidente. Nomination double
Pour l’application des alinéas (16)b) et c), toute personne qui est cadre de la société résidente, ou d’une société résidant au Canada avec laquelle celle-ci a un lien de dépendance, et d’une société non-résidente avec laquelle la société résidente a un lien de dépendance au moment du placement (à l’exception de la société déterminée, d’une filiale déterminée et d’une filiale rattachée) est réputée ne pas résider, et ne pas travailler principalement, dans un pays où réside une filiale rattachée. Exception — réorganisations de sociétés
Sous réserve des paragraphes (18.1) à (20), le paragraphe (2) ne s’applique pas à un placement qu’une société résidente fait dans une société déterminée si, selon le cas : a) le placement est visé aux alinéas (10)a) ou d) et constitue une acquisition d’actions du capital-actions ou une créance de la société déterminée qui est effectuée, selon le cas : (i) auprès d’une société résidant au Canada (appelée « société cédante » au présent alinéa) à laquelle la société résidente est, immédiatement avant le moment du placement, liée (déterminé compte non tenu de l’alinéa 251(5)b)), si, selon le cas : (A) chaque actionnaire de la société cédante, immédiatement avant le moment du placement, à la fois : (I) s’il n’y a qu’une entité mère relativement à la société résidente : 1 est la société résidente ou une société résidant au Canada qui, immédiatement avant ce moment, est liée à l’entité mère, et 2 à tout moment — antérieur au moment du placement — de la période au cours de laquelle la série d’opérations ou d’événements qui comprend la réalisation du placement s’est produite, a un lien de (A) either dépendance (déterminé compte non tenu de l’alinéa 251(5)b)) avec l’entité mère ou une personne non-résidente qui participe à la série et qui est, à un moment de la période antérieur au moment du placement, liée à l’entité mère, (II) s’il y a un groupe d’entités mères relativement à la société résidente : 1 est la société résidente ou une société résidant au Canada qui, immédiatement avant le moment du placement, est contrôlée par le groupe d’entités mères, 2 à tout moment — antérieur au moment du placement — de la période au cours de laquelle la série d’opérations ou d’événements qui comprend la réalisation du placement s’est produite, est contrôlée par le groupe d’entités mères, (B) la société cédante : (I) s’il n’y a qu’une entité mère relativement à la société résidente, à tout moment — antérieur au moment du placement — de la période au cours de laquelle la série d’opérations un lien de dépendance (déterminé compte non tenu de l’alinéa 251(5)b)) avec l’entité mère ou une personne non-résidente qui participe à la série et qui est, à un moment de la période antérieur au moment du placement, liée à l’entité mère, (II) s’il y a un groupe d’entités mères relativement à la société résidente, à tout moment — antérieur au moment du placement — de la période au cours de laquelle la série d’opérations ou d’événements qui comprend la réalisation du placement s’est produite, est contrôlée par le groupe d’entités mères, (ii) lors de la fusion, au sens du paragraphe 87(1), de plusieurs sociétés (chacune étant appelée « société remplacée » au présent sous-alinéa) afin de constituer la société résidente si, d’une part, toutes les sociétés remplacées sont, immédiatement avant la fusion, liées les unes aux autres (déterminé compte non tenu de l’alinéa 251(5)b)) et, d’autre part : (A) soit, l’une des subdivisions ci-après s’applique : (I) s’il n’y a qu’une entité mère relativement à la société résidente, à tout moment — antérieur au moment du placement de la période au cours de laquelle la série d’opérations ou d’événements qui comprend la réalisation du placement s’est produite, chaque société remplacée a un lien de dépendance (déterminé compte non tenu de l’alinéa 251(5)b)) avec l’entité mère ou une personne non-résidente qui participe à la série et qui est, à un moment de la période antérieur au moment du placement, liée à l’entité mère, (II) s’il y a un groupe d’entités mères relativement à la société résidente, à tout moment — antérieur au moment du placement — de la période au cours de laquelle la série d’opérations ou d’événements qui comprend la réalisation du placement s’est produite, les sociétés remplacées sont contrôlées par le groupe d’entités mères, (B) soit, si la division (A) ne s’applique pas relativement à une société remplacée, chacun de ses actionnaires, immédiatement avant le moment du placement, remplit les deux conditions suivantes : (I) s’il n’y a qu’une entité mère relativement à la société résidente : 1 est la société résidente ou une société résidant au Canada qui, immédiatement avant ce moment, est liée à l’entité mère, 2 à tout moment — antérieur au moment du placement — de la période au cours de laquelle la série d’opérations ou d’événements qui comprend la réalisation du placement s’est produite, est contrôlée par le groupe d’entités mères; (II) s’il y a un groupe d’entités mères relativement à la société résidente : 1 est la société résidente ou une société résidant au Canada qui, immédiatement avant ce moment, est contrôlée par le groupe d’entités mères, 2 à tout moment — antérieur au moment du placement — de la période au cours de laquelle la série d’opérations ou d’événements qui comprend la réalisation du placement s’est produite, est contrôlée par le groupe d’entités mères; b) le placement est visé à l’alinéa (10)a) et constitue une acquisition d’actions du capital-actions de la société déterminée dans le cadre de laquelle les actions sont acquises par la société résidente, selon le cas : (i) lors d’un échange auquel le paragraphe 51(1) s’applique, (ii) en contrepartie d’une disposition d’actions à laquelle le paragraphe 85.1(3) s’applique (déterminée compte non tenu du paragraphe 85.1(4)), (iii) dans le cadre d’un remaniement du capital de la société déterminée auquel le paragraphe 86(1) s’applique, (iv) par suite d’une fusion étrangère, au sens du paragraphe 87(8.1), dont est issue la société déterminée, (v) lors d’une liquidation et dissolution à laquelle le paragraphe 88(3) s’applique, (vi) lors d’un rachat d’actions d’une autre société non-résidente qui est une société étrangère affiliée de la société résidente immédiatement avant le moment du placement, (vii) à titre de dividende ou de remboursement de capital admissible, au sens du paragraphe 90(3), relativement aux actions d’une autre société non-résidente qui est une société étrangère affiliée de la société résidente immédiatement avant le moment du placement, (viii) par l’effet d’une disposition d’actions qui est effectuée par la société résidente à une société de personnes et à laquelle le paragraphe 97(2) s’applique; c) le placement est une acquisition indirecte mentionnée à l’alinéa (10)f) qui fait suite à une acquisition directe d’actions du capital-actions d’une autre société résidant au Canada qui est effectuée, selon le cas : (i) auprès d’une société (appelée « société cédante » au présent alinéa) à laquelle la société résidente est liée (déterminé compte non tenu de l’alinéa 251(5)b)) immédiatement avant le moment du placement et à l’égard de laquelle l’un des faits ci-après existe : (A) chaque actionnaire de la société cédante, immédiatement avant le moment du placement, à la fois : (A) either (II) s’il n’y a qu’une entité mère relativement à la société résidente : 1 est la société résidente ou une société résidant au Canada qui, immédiatement avant ce moment, est liée à l’entité mère, 2 à tout moment — antérieur au moment du placement — de la période au cours de laquelle la série d’opérations ou d’événements qui comprend la réalisation du placement s’est produite, a un lien de dépendance (déterminé compte non tenu de l’alinéa 251(5)b)) avec l’entité mère ou une personne non-résidente qui participe à la série et qui est, à un moment de la période antérieur au moment du placement, liée à l’entité mère, (II) s’il y a un groupe d’entités mères relativement à la société résidente : 1 est la société résidente ou une société résidant au Canada qui, immédiatement avant ce moment, est contrôlée par le groupe d’entités mères, 2 à tout moment — antérieur au moment du placement — de la période au cours de laquelle la série d’opérations ou d’événements qui comprend la réalisation du placement s’est produite, est contrôlée par le groupe d’entités mères, (B) la société cédante, (I) s’il n’y a qu’une entité mère relativement à la société résidente, à tout moment — antérieur au moment du placement — de la période, a un lien de dépendance (déterminé compte non tenu de l’alinéa 251(5)b)) avec l’entité mère ou une personne non-résidente qui participe à la série et qui est, à un moment de la période antérieur au moment du placement, liée à l’entité mère, (II) s’il y a un groupe d’entités mères relativement à la société résidente, à tout moment — antérieur au moment du placement — de la période au cours de laquelle la série d’opérations ou d’événements qui comprend la réalisation du placement s’est produite, est contrôlée par le groupe d’entités mères, (iii) lors de la fusion, au sens du paragraphe 87(1), de plusieurs sociétés (chacune étant appelée « société remplacée » au présent sous-alinéa) dont est issue la société résidente ou une société contrôlée est un actionnaire, si, d’une part, toutes les sociétés remplacées sont, immédiatement avant la fusion, liées les unes aux autres (déterminé compte non tenu de l’alinéa 251(5)b)), et, d’autre part : (A) soit l’une des subdivisions ci-après s’applique : (I) s’il n’y a qu’une seule entité mère relativement à la société résidente, à tout moment — antérieur au moment du placement — de la période au cours de laquelle la série d’opérations ou d’événements qui comprend la réalisation du placement s’est produite, toutes les sociétés remplacées sont contrôlées par l’entité mère, (II) s’il y a un groupe d’entités mères relativement à la société résidente, à tout moment — antérieur au moment du placement — de la période au cours de laquelle la série d’opérations ou d’événements qui comprend la réalisation du placement s’est produite, toutes les sociétés remplacées sont contrôlées par le groupe d’entités mères, (B) soit, si la division (A) ne s’applique pas relativement à une société remplacée, chacun de ses actionnaires, immédiatement avant le moment du placement, à la fois : (I) s’il n’y a qu’une entité mère relativement à la société résidente, 1 est la société résidente ou une société résidant au Canada qui, immédiatement avant ce moment, est liée à l’entité mère, 2 à tout moment — antérieur au moment du placement — de la période, a un lien de dépendance (déterminé compte non tenu de l’alinéa 251(5)b)) avec l’entité mère ou avec une personne non-résidente qui participe à la série et qui est, à un moment de la période antérieur au moment du placement, liée à l’entité mère, (II) s’il y a un groupe d’entités mères relativement à la société résidente : 1 est la société résidente ou une société résidant au Canada qui, immédiatement avant le moment du placement, est contrôlée par le groupe d’entités liées, 2 à tout moment — antérieur au moment du placement — de la période au cours de laquelle la série d’opérations ou d’événements qui comprend la réalisation du placement s’est produite, est contrôlée par le groupe d’entités liées, (iii) lors d’un échange auquel le paragraphe 51(1) s’applique, (iv) dans le cadre d’un remaniement du capital de l’autre société auquel le paragraphe 86(1) s’applique, (v) dans la mesure où un placement (autre que celui visé à l’alinéa (10)(f)) est fait dans la société déterminée par l’autre société, ou par une société donnée résidant au Canada à laquelle la société résidente et l’autre société sont liées au moment du placement, au moyen de biens que la société résidente a transférés, directement ou indirectement, à l’autre société ou à la société donnée, selon le cas, pourvu que (A) l’intervalle séparant les deux placements soit d’au plus 90 jours, (B) les deux placements soient faits dans le cadre de la même série d’opérations ou d’événements, (vi) par suite d’une disposition des actions qui est effectuée par la société résidente à une société de personnes et à laquelle le paragraphe 97(2) s’applique; d) le placement constitue soit une acquisition d’actions du capital-actions de la société déterminée qui est visée à l’alinéa (10)(a), soit une acquisition indirecte mentionnée à l’alinéa (10)(f) qui fait suite à une acquisition directe d’actions du capital-actions d’une autre société résidant au Canada, dans le cas où (i) les actions sont acquises par la société résidente en échange d’une obligation, d’une débenture ou d’un billet, (ii) le paragraphe 51(1) s’appliquerait à l’échange si les conditions de l’obligation, de la débenture ou du billet conféraient au détenteur le droit d’effectuer l’échange. Preferred shares (a) the CRIC; Assumption of debt on liquidation or distribution Échange — prêt ou dette déterminé (18.1) Le paragraphe (18) ne s’applique pas à un placement qui est une acquisition de bien s’il est raisonnable de considérer que le bien a été reçu par la société résidente en remboursement total ou partiel, ou en règlement, d’un prêt ou d’une dette déterminé. Actions privilégiées
Le sous-alinéa (1)b)(ii) s’applique, et le paragraphe (16) et les alinéas (18)b) et d) ne s’appliquent pas, à une acquisition d’actions du capital-actions d’une société déterminée effectuée par une société résidente, compte tenu des caractéristiques des actions et de toute convention relative à celles-ci, il n’est pas raisonnable de considérer que les actions participent pleinement aux bénéfices de la société déterminée et à toute plus-value de celle-ci. Toutefois, la phrase précédente ne s’applique pas à une acquisition si la société déterminée serait une filiale à cent pour cent de la société résidente tout au long de la période où se déroule la série d’opérations ou d’événements comprenant l’acquisition si elle possédait toutes les actions du capital-actions de la société déterminée visées à l’un des sous-alinéas suivants : a) la société résidente; b) une société résidant au Canada qui est une filiale à cent pour cent de la société résidente; c) une société résidant au Canada dont la société résidente est une filiale à cent pour cent. Prise en charge de dettes lors d’une liquidation ou d’une distribution
Le paragraphe (2) s’applique à un placement qu’une société résidente fait dans une société déterminée qui consiste en une acquisition des actions du capital-actions de la société déterminée visée à l’un des sous-alinéas (18)b)(v) à (vii) jusqu’à concurrence de la moins élevée des sommes suivantes : a) le total des sommes représentant chacune le montant d’une créance prise en charge par la société résidente relativement à la liquidation et dissolution, au rachat, au dividende ou au remboursement de capital admissible, selon le cas; b) la juste valeur marchande des actions au moment du placement. Personnes réputées ne pas être liées
S’il est raisonnable de considérer que l’un des principaux objets d’une ou de plusieurs opérations ou Income Tax
Mergers Impôt sur le revenu
événements consiste à faire en sorte que plusieurs personnes soient liées les unes aux autres, ou qu’une personne ou un groupe de personnes contrôle une autre personne, afin que, en l’absence du présent paragraphe, le paragraphe (2) ne soit pas applicable, par l’effet du paragraphe (18), à un placement qu’une société résidente fait dans une société déterminée, les personnes en cause sont réputées ne pas être liées les unes aux autres, ou la personne ou ce groupe de personnes est réputée ne pas contrôler cette autre personne, selon le cas, pour l’application du paragraphe (18). Fusions et liquidations
Les règles ci-après s’appliquent au présent article et aux paragraphes 219.1(3) et (4) : a) en cas de fusion à laquelle le paragraphe 87(11) s’applique : (i) la société issue de la fusion, visée à ce paragraphe, est réputée être la même société que la société mère et chaque filiale visées à ce paragraphe et en être la continuation, (ii) la société issue de la fusion est réputée ne pas acquérir de biens de la société mère ou des filiales par suite de la fusion, (iii) chaque actionnaire de la société issue de la fusion est réputé ne pas acquérir indirectement d’actions par suite de la fusion; b) en cas de liquidation à laquelle le paragraphe 88(1) s’applique : (i) la société mère visée à ce paragraphe est réputée être la même société que la filiale visée à ce paragraphe et en être la continuation, (ii) la société mère est réputée ne pas acquérir de biens de la filiale par suite de la liquidation.
Le paragraphe (2) s’applique à un placement fait par une société résidente dans une société déterminée auquel, en l’absence du présent paragraphe, le paragraphe (2) ne s’appliquerait pas par l’effet des paragraphes (16) ou (24), dans la mesure où il est raisonnable de considérer qu’un ou plusieurs biens que la société déterminée a reçus de la société résidente par suite du placement, ou un bien substitué à de tels biens, ont été utilisés par la société déterminée, directement ou indirectement dans le cadre d’une série d’opérations ou d’événements comprenant la réalisation du placement, lors d’une opération ou d’un événement auxquels Income Tax
Impôt sur le revenu
Le paragraphe (2) ne s’applique pas à un placement fait par une société résidente dans une société déterminée auquel ce paragraphe s’appliquerait en l’absence du présent paragraphe si la société résidente démontre que les conditions ci-après sont réunies : a) tous les biens que la société déterminée a reçus de la société résidente par suite du placement ont été utilisés, à un moment donné à l’intérieur de 30 jours qui suit le moment du placement et à tout moment postérieur au moment donné, par la société déterminée, selon le cas : (i) pour tirer un revenu d’activités qui est raisonnable de considérer comme étant directement liées à des activités d’entreprise exploitées activement par une société donnée, la totalité du revenu étant un revenu d’une entreprise exploitée activement par l’effet du sous-alinéa 95(2)a)(i), (ii) pour consentir un prêt, ou faire l’acquisition d’un bien, la totalité ou la presque totalité du revenu provenant duquel est, ou serait si le prêt ou le bien produisait un revenu, tiré des sommes qui sont payées ou à payer, directement ou indirectement, à la société déterminée par une société donnée et est, ou serait, un revenu provenant d’une entreprise exploitée activement par l’effet du sous-alinéa 95(2)a)(ii); b) la société donnée, au moment donné, était une société étrangère affiliée contrôlée de la société résidente pour l’application de l’article 17; c) la société donnée est, à tout moment de la période qui commence au moment du placement et au cours de laquelle la série d’opérations ou d’événements qui comprend les activités de, ou le prêt ou l’acquisition de biens par la société déterminée s’est produite, une société dans laquelle un placement fait par la société résidente ne serait pas assujetti au paragraphe (2) par l’effet du paragraphe (16). Sociétés de personnes
Les règles ci-après s’appliquent au présent article, au paragraphe 17.1(1) (dans son application relativement à un prêt ou dette déterminé, au sens du paragraphe (11)), à l’alinéa 128.1(1)c.3) et au paragraphe 219.1(2) : a) toute opération conclue par une société de personnes ou tout événement auquel elle prend part est réputé être une opération conclue par chacun de ses associés ou un événement auquel chacun de ceux-ci prend part, selon le cas, dans la proportion que représente la juste valeur marchande, au moment de l’opération ou de l’événement, de la participation de l’associé — détenue directement ou indirectement par l’intermédiaire d’une ou de plusieurs autres sociétés de personnes — dans la société de personnes par rapport à la juste valeur marchande, à ce moment, de l’ensemble des participations directes dans la société de personnes; b) tout bien qui, d’après les hypothèses formulées à l’alinéa 96(1)c), appartiendrait à un moment donné à une société de personnes est réputé appartenir à ce moment à chacun de ses associés dans la proportion que représente la juste valeur marchande, à ce moment, de la participation de l’associé — détenue directement ou indirectement par l’intermédiaire d’une ou de plusieurs autres sociétés de personnes — dans la société de personnes par rapport à la juste valeur marchande, à ce moment, de l’ensemble des participations directes dans la société de personnes; c) en cas d’augmentation de la proportion d’un bien associé à une société de personnes (étant entendu qu’une telle augmentation comprend celle qui fait suite à l’acquisition de participation dans une société de personnes dans laquelle l’associé n’avait pas de participation immédiatement avant cette acquisition), l’associé est réputé à ce moment : (i) d’une part, acquérir la proportion additionnelle du bien, (ii) d’autre part, transférer un bien qui se rapporte à l’acquisition de la proportion additionnelle et dont la juste valeur marchande est égale à celle de la proportion additionnelle à ce moment; d) toute somme qui, d’après les hypothèses formulées à l’alinéa 96(1)c), serait due à un moment donné par une société de personnes est réputée due à ce moment par chacun de ses associés dans la proportion que représente la juste valeur marchande, à ce moment, de la participation de l’associé — détenue directement ou indirectement par l’intermédiaire d’une ou de plusieurs autres sociétés de personnes — dans la société de personnes par rapport à la juste valeur marchande, à ce moment, de l’ensemble des participations directes dans la société de personnes; e) si un associé d’une société de personnes conclut une opération, ou prend part à un événement, avec la société de personnes, l’alinéa a) ne s’applique pas à Trusts A/B × 100 where A × B/C where A B C Idem No deductions qu’elle est tenue d’inclure dans le calcul de son revenu pour une année d’imposition se rapportaient à l’exploitation, par la société, d’entreprises de services publics, ou à l’extraction, au transport et au traitement de minerai, une somme reçue ou à recevoir de cette société, au cours de cette année, par une autre société est, s’il est obligatoire de l’inclure dans le calcul du revenu pour l’année de la société qui la reçoit, réputée avoir été reçue par celle-ci relativement à l’exploitation, par elle, d’entreprises de services publics ou à l’extraction, au transport et au traitement, par elle, de minerai dans le pays où la société payante a exploité les entreprises de services publics ou procédé à l’extraction, au transport et au traitement de minerai. Société réputée être une société exploitant une entreprise à l’étranger
Pour l’application du présent article, une société est réputée être une société exploitant une entreprise à l’étranger à un moment donné si elle avait été une société exploitant une entreprise à l’étranger au sens de l’article 71 de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts revisés du Canada de 1952, dans sa version applicable à l’année d’imposition 1971, pour l’année d’imposition de la société au cours de laquelle tombe ce moment donné, si cette disposition avait été applicable à cette année d’imposition. [NOTE: Les dispositions d’application ne sont pas incluses dans le présent codification; voir les lois et règlements modificatifs appropriés; 1970-71-72, ch. 63, art. 1"213".] Aucune déduction 214 (1) L’impôt exigible sous le régime de l’article 212 est payable sur les sommes qui y sont visées, sans qu’il en soit fait une déduction quelconque. Revenu et capital réunis
Pour l’application de la présente partie, la partie d’un montant devant être incluse dans le calcul du revenu d’une personne non-résidente en application de l’alinéa 16(1)b) si la partie I s’appliquait doit être considérée comme payée à la personne non-résidente à l’égard de biens ou de services ou autrement, selon la nature de la partie de ce montant. Sommes réputées constituer des paiements
Pour l’application de la présente partie : a) le montant qui serait inclus dans le calcul du revenu d’un contribuable selon l’article 15 ou le paragraphe 56(2), si la partie I s’appliquait, est réputé avoir été versé au contribuable à titre de dividende d’une société résidant au Canada; b) le montant qui serait inclus dans le calcul du revenu d’un particulier selon l’alinéa 56(1)f), si la partie I f.1) le montant qui serait inclus dans le calcul du revenu d’un contribuable selon le paragraphe 56(1)y), si la partie I s’appliquait, est réputé avoir été payé au contribuable en vue de l’acquisition d’un droit sur une convention de retraite; c) le montant qui, par l’effet des paragraphes 146(8.1), (8.8), (8.91), (9), (10) ou (12), serait à inclure dans le calcul du revenu d’un contribuable si la partie I s’appliquait est réputé avoir été versé au contribuable à titre de paiement dans le cadre d’un régime enregistré d’épargne-retraite ou d’un régime modifié, au sens du paragraphe 146(12), selon le cas; d) le montant qui serait inclus dans le calcul du revenu d’un contribuable selon le paragraphe 147(10), (13) ou (15), si la partie I s’appliquait, est réputé avoir été versé à titre de paiement en vertu d’un régime de participation différée aux bénéfices ou d’un régime appelé « régime révoqué » selon le paragraphe 147(15), selon le cas; e) le montant reçu par l’actionnaire d’une société de placement hypothécaire et qui serait présumé selon le paragraphe 130.1(2), si la partie I s’appliquait, avoir été reçu à titre d’intérêt, est réputé avoir été versé à l’actionnaire à titre d’intérêt sur une obligation émise après 1971; f) la fraction quelconque d’un montant payable à un bénéficiaire par une fiducie, au cours de son année d’imposition, qui serait incluse selon le paragraphe 104(13), si la partie I s’appliquait, dans le calcul du revenu de la personne non-résidente bénéficiaire de la fiducie est réputée être un montant payé à cette personne, ou porté à son crédit, à titre de revenu de la fiducie ou provenant de la fiducie au premier des moments ci-après et non à un moment ultérieur : (i) le jour où le montant a été payé ou crédité, (ii) le jour qui suit de 90 jours la fin de l’année d’imposition, (iii) si l’année d’imposition est réputée, en vertu du sous-alinéa 128.1(4)a)(i), prendre fin après le 25 juillet 2012, le moment qui précède la fin de cette année; (g) [Repealed, 2023, c. 26, s. 64] (j) [Repealed, 1998, c. 19, s. 63(1)] Securities Interpretation Sale of obligation
Where exceeds Idem (7.1) Where exceeds Meaning of excluded obligation
For the purposes of subsection (7), excluded obligation means any bond, debenture, bill, note, mortgage, hypothecary claim or similar obligation Idem (7.1) Lorsque les conditions suivantes sont réunies : a) une personne résidant au Canada a cédé ou autrement transféré à un moment donné une obligation à une personne non-résidente; b) la personne non-résidente a, à un moment ultérieur, rétrocédé ou autrement transféré de nouveau cette obligation à la personne résidant au Canada; c) le paragraphe (6) ou (7) s’appliquerait en ce qui concerne la rétrocession ou autre forme de transfert mentionnés à l’alinéa b), compte non tenu des alinéas (6)c) et (7)c), l’excédent éventuel du montant visé à l’alinéa d) sur le montant visé à l’alinéa e) : d) le prix auquel l’obligation a été rétrocédée ou autrement transférée de nouveau au moment ultérieur; e) le prix auquel l’obligation a été cédée ou autrement transférée au moment donné, est réputé, pour l’application de la présente partie, être un paiement d’intérêts sur cette obligation effectué par la personne résidant au Canada en faveur de la personne non-résidente au moment ultérieur. Obligation exclue
Pour l’application du paragraphe (7), obligation exclue s’entend de quelque obligation, effet, billet, créance hypothécaire ou valeur semblable qui répond à l’une des conditions suivantes : a) il est visé à l’alinéa a) de la définition de intérêts entièrement exonérés au paragraphe 212(3) ou les intérêts afférents auraient été exonérés d’impôt en vertu des sous-alinéas 212(1)b)(iii) ou (vii), dans leur version applicable à l’année d’imposition 2007; b) l’obligation est une valeur émise dans le public, visée par règlement; c) l’obligation n’est pas un titre de créance indexé et a été émise pour un montant au moins égal à 97 % de son principal et au rendement, exprimé en fonction d’un taux annuel portant sur le montant pour lequel l’obligation a été émise — lequel taux doit, si les titres de l’obligation ou un accord y afférent conféraient au détenteur le droit d’exiger le paiement du principal de l’obligation ou du montant impayé au titre de ce principal avant l’échéance de l’obligation, être calculé en fonction du rendement qui produit le taux annuel
Where le plus élevé qu’il est possible d’obtenir soit à l’échéance de l’obligation, soit sous réserve de l’exercice d’un droit semblable — qui ne dépasse pas les 4/3 des intérêts dont le paiement est prévu par l’obligation, exprimés en fonction d’un taux annuel portant sur : (i) le principal de l’obligation, si aucun montant n’est payable au titre du principal avant l’échéance de l’obligation, (ii) le montant impayé au titre du principal de l’obligation, dans les autres cas. Personne réputée être un résident
Lorsque les conditions suivantes sont réunies : a) la cession ou autre forme de transfert d’une obligation à une personne non-résidente exploitant une entreprise au Canada serait visée au paragraphe (6) ou (7), si ces paragraphes ne comportaient pas les alinéas (6)c) et (7)c), et si cette personne non-résidente était une personne résidant au Canada; b) cette personne non-résidente peut : (i) soit déduire, en vertu du paragraphe 20(14), dans le calcul de son revenu imposable gagné au Canada pour une année d’imposition, un montant au titre des intérêts sur l’obligation, (ii) soit déduire, en vertu de la partie I, dans le calcul de son revenu imposable gagné au Canada pour une année d’imposition, une somme relative à tout montant payé au titre du principal de l’obligation, elle est réputée relativement à la cession ou autre forme de transfert de l’obligation, pour l’application de la présente partie, être une personne résidant au Canada. Réduction de l’impôt
Lorsqu’une personne non-résidente a cédé ou autrement transféré à une personne résidant au Canada une obligation : a) d’une part, sur laquelle un montant d’intérêts était réputé, en vertu du paragraphe (6) ou (7), avoir été payé; b) d’autre part, que la personne non-résidente avait antérieurement acquis auprès d’une personne résidant au Canada,
[Repealed, 2007, c. 35, s. 60] Where s. (2) does not apply Assignment of obligation Deemed dividends
For the purposes of this Part,
For the purposes of subsections (16) and (18), NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations. R.S., 1985, c. 1 (5th Supp.), s. 214; 1994, c. 7, Sch. II, s. 176, Sch. VIII, s. 12; c. 21, s. 88; 1999, c. 9, s. 63; 2001, c. 17, s. 227; 2007, c. 35, s. 60; 2012, c. 31, s. 59; 2013, c. 34, s. 84(F); c. 40, s. 83; 2022, c. 8, s. 64; 2024, c. 15, s. 348(1), (2). Income Tax
Idem Idem Impôt sur le revenu
à une société non-résidente avec laquelle elle n’a aucun lien de dépendance. Idem
Lorsqu’une somme sur laquelle un impôt sur le revenu est payable en vertu de la présente partie est versée ou créditée par un mandataire ou une autre personne au nom du débiteur, soit à titre de rachat de coupons ou titres au porteur, soit autrement, le mandataire ou l’autre personne qui a versé ou crédité la somme doit, indépendamment de toute disposition contraire d’une convention ou d’une loi, en déduire ou retenir le montant de l’impôt et le remettre en l’accompagnant d’un état selon le formulaire prescrit au paragraphe (1); le mandataire ou l’autre personne est alors réputé, pour ce qui est du compte à rendre à ce débiteur ou du remboursement à obtenir, avoir versé ou crédité à la personne qui par ailleurs a droit au paiement ou au droit à son crédit. Idem
Lorsqu’une somme sur laquelle un impôt sur le revenu est payable en vertu de la présente partie est versée ou créditée à un mandataire ou à une autre personne, pour ou au nom de la personne ayant droit au paiement, sans que l’impôt en ait été retenu ou déduit conformément au paragraphe (1), le mandataire ou l’autre personne doit, indépendamment de toute disposition contraire d’une convention ou d’une loi, en déduire ou retenir le montant de l’impôt et le remettre immédiatement au receveur général au nom de la personne ayant droit au paiement, en acquittement de l’impôt, et l’accompagner d’un état selon le formulaire prescrit. Pour ce qui est du compte à rendre à la personne ayant droit au paiement, ce mandataire ou cette autre personne est alors réputé lui avoir versé cette somme ou l’avoir portée à son crédit. Exceptions réglementaires
Le gouverneur en conseil peut par règlement, relativement à toute personne ou catégorie de personnes non-résidentes exploitant une entreprise au Canada, prévoir que les paragraphes (1) à (3) ne s’appliquent pas aux sommes qui leur sont versées ou portées à leur crédit et les obliger à produire une déclaration annuelle selon le formulaire prescrit et à acquitter l’impôt prévu par la présente partie dans le délai prescrit. Dispositions réglementaires réduisant le montant à déduire ou à retenir
Le gouverneur en conseil peut prendre des dispositions réglementaires applicables à des personnes non NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts. R.S., 1985, c. 1 (5th Supp.), s. 215; 1994, c. 7, Sch. II, s. 177; 1999, c. 22, s. 77; 2001, c. 17, s. 174; 2013, c. 34, s. 18. résidant pas au Canada, ou à une catégorie de telles personnes, auxquelles une somme a été payée, ou au crédit desquelles une somme a été portée, au titre ou en paiement intégral ou partiel d’une somme visée à l’un des alinéas 212(1)h), j) à m) et q) prévoyant la réduction du montant dont les paragraphes (1) à (3) exigent par ailleurs la déduction ou la retenue sur la somme ainsi payée aux personnes ou portée à leur crédit. Assujettissement à l’impôt
Lorsqu’une personne a omis de déduire ou de retenir, comme l’exige le présent article, une somme sur un montant payé à une personne non-résidente ou porté à son crédit ou réputé avoir été payé à une personne non-résidente ou porté à son crédit, cette personne est tenue de verser à titre d’impôt en vertu de la présente partie pour le compte de la personne non-résidente la totalité du montant qui aurait dû être déduit ou retenu, et elle a le droit de déduire ou de retenir sur tout montant payé ou porté au crédit de la personne non-résidente ou porté à son crédit, ou par ailleurs de recouvrer de la personne non-résidente toute somme qu’elle a versée pour le compte de cette dernière à titre d’impôt en vertu de la présente partie. NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois modificatives appropriées. L.R. (1985), ch. 1 (5e suppl.), art. 215; 1994, ch. 7, ann. II, art. 177; 1999, ch. 22, art. 77; 2001, ch. 17, art. 174; 2013, ch. 34, art. 18. Choix relatif aux loyers et redevances forestières 216 (1) Dans le cas où une somme a été versée au cours d’une année d’imposition à une personne non-résidente ou à une société de personnes dont elle était un associé, au titre ou en paiement intégral ou partiel de loyers des biens immeubles ou réels situés au Canada ou de redevances forestières, la personne peut, dans les deux ans (ou, si elle a produit un engagement visé au paragraphe (4) pour l’année, dans les six mois suivant la fin de l’année, produire sur le formulaire prescrit une déclaration de revenu en vertu de la partie I pour l’année. Indépendamment de son obligation de payer l’impôt payable par ailleurs en vertu de la partie I, la personne est dès lors tenue, au lieu de payer l’impôt en vertu de la présente partie sur ce montant, de payer l’impôt en vertu de la partie I pour l’année comme si : a) elle était une personne résidant au Canada et non exonérée de l’impôt en vertu de l’article 149; b) son revenu tiré de ses droits réels sur des immeubles, ou de ses intérêts sur des biens réels, situés au Canada et de ses intérêts ou, pour l’application du droit civil, de ses droits sur des avoirs forestiers et des concessions forestières au Canada, ainsi que sa part du revenu tiré par une société de personnes dont Income Tax
Idem Idem Impôt sur le revenu
elle était un associé de droits réels sur des immeubles, ou d’intérêts sur des biens réels, situés au Canada et d’intérêts ou, pour l’application du droit civil, de droits sur des avoirs forestiers et des concessions forestières situés au Canada, constituaient sa seule source de revenu; c) elle n’avait droit à aucune déduction sur son revenu pour le calcul de son revenu imposable; d) elle n’avait droit à aucune déduction en application des articles 118 à 118.9 dans le calcul de son impôt payable pour l’année en vertu de la partie I; e) les définitions de entité admissible du groupe, entité exclue et fiducie commerciale à participation fixe au paragraphe 18.2(1) et l’article 18.21 ne s’appliquent pas au calcul du revenu de la personne non-résidente. Idem
Lorsqu’une personne non-résidente a produit une déclaration de revenu en vertu de la partie I ainsi que le permet le présent article, le montant déduit en vertu de la présente partie de a) d’une part, sur les loyers de biens immeubles ou réels ou sur les redevances forestières qui lui sont payés; b) d’autre part, sur sa part du loyer de biens immeubles ou réels ou des redevances forestières versés à une société de personnes dont elle est associée, et remis au receveur général, est réputé avoir été payé au titre de l’impôt prévu au présent article et toute partie du montant ainsi remis au receveur général en son nom au cours d’une année d’imposition en plus de l’impôt qu’elle est tenue de payer en vertu de la présente loi, pour l’année, doit lui être remboursée. Idem
La partie I s’applique, avec les adaptations nécessaires, au paiement de l’impôt dû en vertu du présent article. Choix du mode de paiement
Lorsqu’une personne non-résidente ou, dans le cas d’une société de personnes, chaque personne non-résidente qui en est un associé présente au ministre, selon la formule prescrite, l’engagement de produire une déclaration de revenu en vertu de la partie I pour une année d’imposition dans les six mois suivant la fin de l’année, ainsi que le permet le présent article, une personne qui est par ailleurs tenue, en vertu du paragraphe 215(3), de remettre au cours de l’année, relativement à la personne non-résidente ou à la société de personnes, une somme au receveur général en paiement d’impôt sur le loyer de biens immeubles ou réels ou sur une redevance forestière peut choisir, en vertu du présent article, de ne pas faire de remise en vertu de ce paragraphe, auquel cas elle doit : a) lorsqu’un montant quelconque de loyer ou de redevance reçu pour être remis à la personne non-résidente ou à la société de personnes est disponible, en déduire 25 % et remettre la somme déduite au receveur général pour le compte de la personne non-résidente ou de la société de personnes, au titre de l’impôt prévu par la présente partie; b) si la personne non-résidente ou, dans le cas d’une société de personnes, une personne non-résidente qui en est un associé : (i) soit ne produit pas de déclaration pour l’année conformément à l’engagement qu’elle a présenté au ministre, (ii) soit ne paie pas l’impôt qu’elle est tenue de payer pour l’année, en vertu de la présente partie, dans le délai imparti à cette fin, payer au receveur général, au titre de l’impôt de la personne non-résidente ou de la société de personnes en vertu de la présente partie, dès l’expiration du délai prévu pour la production de la déclaration ou du délai prévu pour le paiement, la totalité de la somme qu’elle aurait par ailleurs été tenue de remettre au cours de l’année au titre du loyer ou de la redevance, diminuée des montants qu’elle a remis au cours de l’année à ce titre en vertu de l’alinéa a). Choix du mode de paiement (4.1) Si une fiducie est réputée, en vertu du paragraphe 94(3), résider au Canada pour une année d’imposition en vue du calcul de son revenu pour l’année, la personne qui serait par ailleurs tenue, par le paragraphe 215(3), de remettre au receveur général au cours de l’année, relativement à la fiducie, une somme en paiement d’impôt sur le loyer d’un bien immeuble ou réel ou sur une redevance forestière peut choisir, sur le formulaire prescrit fourni au ministre en vertu du présent paragraphe, de ne pas faire la remise prévue au paragraphe 215(3) relativement à des sommes reçues après que le choix a été fait. Par conséquent, elle doit : a) si un montant quelconque de loyer ou de redevance reçu pour remise à la fiducie est disponible, en déduire 25 % et remettre la somme déduite au receveur général pour le compte de la fiducie au titre de l’impôt de celle-ci prévu par la partie I; b) si la fiducie ne produit pas de déclaration pour l’année comme elle en est tenue par l’article 150, ou ne paie pas l’impôt dont elle est redevable en vertu de la partie I pour l’année dans le délai prévu par cette partie, remettre au receveur général, à l’expiration du délai pour la production de la déclaration ou pour le paiement de l’impôt, selon le cas, outre de l’impôt de la fiducie prévue par la partie I, l’excédent du montant total qu’elle aurait été tenue par ailleurs de remettre au cours de l’année au titre du loyer ou de la redevance, sur les sommes qu’elle a remises au cours de l’année en vertu de l’alinéa a) au titre du loyer ou de la redevance. Disposition par un non-résident
Lorsqu’une personne ou une fiducie dont une personne est bénéficiaire a produit une déclaration de revenu en vertu de la partie I pour une année d’imposition, ainsi que le permet le présent article ou que l’exige l’article 150 et, dans le calcul du revenu de la personne en vertu de la partie I, un montant a été déduit en vertu de l’alinéa 20(1)a), ou est réputé conformément au paragraphe 107(2) avoir été déduit en vertu de cet alinéa, relativement à un bien situé au Canada — un bien immeuble — ou un droit réel sur celui-ci ou un bien forestier ou une concession forestière située au Canada, la personne doit produire sur le formulaire prescrit une déclaration de revenu en vertu de la partie I au plus tard à la date d’échéance de production qui lui est applicable pour toute année d’imposition postérieure au cours de laquelle elle ne réside pas au Canada et au cours de laquelle elle, ou une société de personnes dont elle est un associé, dispose du bien ou d’un droit, pour l’application du droit civil, d’un droit sur celui-ci. Indépendamment de son obligation de payer l’impôt par ailleurs payable en vertu de la partie I, la personne est dès lors tenue, plutôt que de payer l’impôt en vertu de la présente partie sur toute somme qui lui a été versée ou est réputée, en vertu de la présente partie, lui avoir été versée ou avoir été versée à une société de personnes dont elle est un associé, au cours de cette année d’imposition postérieure relativement à tout intérêt ou, pour l’application du droit civil, tout droit sur le bien, de payer l’impôt en vertu de la partie I pour cette année d’imposition postérieure comme si : a) elle était une personne résidant au Canada et non exonérée de l’impôt en vertu de l’article 149; b) son revenu tiré de ses droits réels sur des immeubles, ou de ses droits sur des biens réels, situés au Canada ou de ses intérêts ou, pour l’application du droit civil, de ses droits sur des avoirs forestiers et des concessions forestières situés au Canada, et sa part du revenu tiré par une société de personnes dont elle était un associé de droits réels sur des immeubles, ou Saving provision
[Repealed, 2013, c. 34, s. 349] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 216; 1994, c. 7, Sch. II, s. 178; 1998, c. 19, s. 217; 2013, c. 34, ss. 20, 158, 349; 2024, c. 15, s. 60. Part I return b) d’autre part, choisit dans la déclaration de se prévaloir du présent article pour l’année. Présomption de paiement en vertu de la partie I
Lorsqu’une personne non-résidente remplit les exigences énoncées aux alinéas (1)a) et b) relativement à une somme payée, créditée ou fournie au cours d’une année d’imposition, tout montant déduit ou retenu et remis au receveur général pour le compte de la personne au titre de l’impôt prévu au paragraphe 212(5.1) relativement à la somme est réputé avoir été payé au titre de l’impôt de la personne en vertu de la partie I. Présomption de choix et restriction
Lorsqu’un paiement de société (au sens du paragraphe 212.5(2)) a été fait à une société non-résidente à l’égard d’un acteur et que la société effectue, à un moment donné, un paiement d’acteur (au sens de ce paragraphe) à l’acteur, pour son bénéfice, si la société fait le choix prévu au paragraphe (1) pour son année d’imposition au cours de laquelle le paiement de société est fait, l’acteur est réputé faire le choix prévu au paragraphe (1) pour son année d’imposition au cours de laquelle le paiement d’acteur est fait. [NOTE : Les dispositions d’application ne sont pas incluses dans le texte codifié; voir les lois de modification applicables.] 2001, ch. 17, art. 175. Prestations canadiennes 217 (1) Au présent article, les prestations canadiennes d’une personne non-résidente pour une année d’imposition correspondent au total des montants représentant chacun un montant payé ou crédité au cours de l’année et au titre duquel l’impôt prévu par la présente partie serait payable par la personne, n’était le présent article, par l’effet de l’un des alinéas 212(1)h), j) à m) et q). Aucun impôt payable
Aucun impôt n’est payable en vertu de la présente partie au titre des prestations canadiennes d’une personne non-résidente pour une année d’imposition si la personne, à la fois : a) produit au ministre, dans les six mois suivant la fin de l’année, une déclaration de revenu en vertu de la partie I pour l’année; b) fait, dans cette déclaration, un choix pour que le présent article s’applique pour l’année. Revenu imposable gagné au Canada
Lorsqu’une personne non-résidente fait le choix prévu à l’alinéa (2)b) pour une année d’imposition, les dispositions suivantes s’appliquent dans le cadre de la partie I : Tax credits — limitation Tax credits allowed (a) the total of Income Tax Sections 217-218 A × [(B - C)/B] where NOTE: (See provisions of application not included in the consolidated text; see relevant amending Acts and regulations.) R.S., 1985, c. 1 (5th Supp.), s. 217; 1994, c. 7, Sch. II, s. 179; 1996, c. 21, s. 186; 1997, c. 25, s. 84; 1998, c. 19, s. 64; 2016, c. 7, s. 45. Loan to wholly-owned subsidiary (i) a person resident in Canada, or Impôt sur le revenu
(i) les montants qui auraient été déductibles en application de l’article 118.2 ou de l’un des paragraphes 118.3(2) et (3) et des articles 118.8 et 118.9 dans le calcul de son impôt payable en vertu de la partie I pour l’année si elle avait résidé au Canada tout au long de l’année et qu’il est raisonnable de considérer comme étant entièrement applicables, (ii) les montants qui auraient été déductibles en application de l’un des articles 118 et 118.1, du paragraphe 118.3(1) ou de l’un des articles 118.5 et 118.7 dans le calcul de son impôt payable en vertu de la partie I pour l’année si elle avait résidé au Canada tout au long de l’année; b) le montant représentant le taux pour l’année de ses prestations canadiennes pour l’année. Crédit spécial
Le résultat du calcul ci-après est déductible dans le calcul de l’impôt payable en vertu de la partie I pour une année d’imposition de la personne non-résidente qui fait le choix prévu à l’alinéa (2)b) pour l’année: A × [(B - C)/B] où : A représente l’impôt qui, n’était le présent paragraphe, serait payable elle pour l’année en vertu de la partie I; B le montant déterminé selon le sous-alinéa (3)b)(ii) à son égard pour l’année; C le montant déterminé selon le sous-alinéa (3)b)(i) à son égard pour l’année. NOTE : (Les dispositions d’application ne sont pas incluses dans le texte consolidé; voir les lois et règlements modificatifs applicables.) L.R. (1985), ch. 1 (5e suppl.), art. 217; 1994, ch. 7, ann. II, art. 179; 1996, ch. 21, art. 186; 1997, ch. 25, art. 84; 1998, ch. 19, art. 64; 2016, ch. 7, art. 45. Prêt à une filiale à cent pour cent 218 (1) Pour l’application de la présente loi, si les conditions suivantes sont réunies : a) une société non-résidente (appelée la « société mère » au présent article) a contracté une dette envers : (i) soit une personne résidant au Canada, (ii) soit une compagnie d’assurance non-résidente exploitant une entreprise au Canada, (appelée le « créancier » au présent article) en vertu d’un arrangement selon lequel la société mère est tenue de verser des intérêts en monnaie canadienne; Idem Election [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1970-71-72, c. 63, s. 1 “218”; 1985, c. 45, s. 126(F). Application of s. 138.1 b) la société mère a prêté la somme dont elle est ainsi redevable, ou une partie de cette somme, à une filiale à cent pour cent résidant au Canada et dont l’entreprise principale consiste à prêter de l’argent en vertu d’un arrangement selon lequel la filiale est tenue de rembourser le prêt à la société mère avec intérêts au même taux que celui qui est payable par la société mère au créancier, la somme que la société mère a ainsi prêtée à la filiale est réputée avoir été empruntée par la société mère à titre d’agent de la filiale, et les intérêts versés par la filiale à la société mère, qui les a remis au créancier, sont réputés avoir été payés par la filiale au créancier, mais non par la filiale à la société mère, ou bien par celle-ci au créancier. Idem
Lorsqu’une société mère a prêté de l’argent à une filiale à cent pour cent résidant au Canada et dont l’entreprise principale ne consiste pas à prêter de l’argent, et que l’argent a été prêté par cette filiale à une filiale à cent pour cent résidant au Canada et dont l’entreprise principale consiste à prêter de l’argent, le prêt de la société mère est réputé, pour l’application du paragraphe (1), avoir été un prêt consenti à une filiale à cent pour cent dont l’entreprise principale consiste à prêter de l’argent. Choix
Le présent article s’applique à un paiement d’intérêts si la société mère et le créancier ont présenté au ministre un choix à cet effet, selon le formulaire prescrit. Application du choix
Le choix visé au paragraphe (3) ne s’applique pas dans le cas d’un paiement d’intérêts fait plus de 12 mois avant la date où le choix a été présenté au ministre. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1970-71-72, ch. 63, art. 1 « 218 »; 1985, ch. 45, art. 126(F). Application de l’art. 138.1
[NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1977-78, ch. 1, art. 69. PART XIII.1 exceeds Rate limitation
Impôt supplémentaire des banques étrangères autorisées Impôt sur les intérêts de succursale
Frais d’intérêts imposables
Les frais d’intérêts imposables d’une banque étrangère autorisée pour une année d’imposition correspondent à 15 % de l’excédent éventuel du total visé à l’alinéa a) sur le total visé à l’alinéa b) : a) le total des montants au titre des intérêts qui sont déduits en application de l’article 20.2 dans le calcul du revenu de la banque pour l’année tiré de son entreprise bancaire canadienne; b) le total des montants visés à l’alinéa a) qui se rapportent à une dette de la banque envers une autre personne ou une société de personnes. Impôt non payable
Aucun impôt n’est payable en vertu de la présente partie pour une année d’imposition par une banque étrangère autorisée si les conditions suivantes sont réunies : a) la banque réside dans un pays ayant un traité fiscal avec le Canada à la fin de l’année; b) aucun impôt semblable à celui prévu par la présente partie ne serait payable dans ce pays pour l’année par une banque résidant au Canada qui exploite une entreprise dans ce pays au cours de l’année. Taux plafond
Malgré les autres dispositions de la présente loi, la mention « 25 % » au paragraphe (1) vaut mention du taux ci-après pour ce qui est d’une année d’imposition d’une banque étrangère autorisée qui réside dans un pays ayant un traité fiscal avec le Canada à la fin de l’année : a) si le traité fixe le taux maximal d’impôt que le Canada peut imposer pour l’année, en vertu de la présente partie, aux résidents du pays en question, ce taux; Income Tax Sections 218.3-218.3 PART XIII.2 Definitions b) s’il ne fixe pas un tel taux maximal, mais fixe le taux maximal d’impôt que le Canada peut prélever sur un paiement d’intérêts effectué au cours de l’année par une personne résidant au Canada à une personne liée résidant dans le pays en question, ce taux; c) dans les autres cas, 25 %. Dispositions applicables
Les articles 150 à 152, 158, 159, 160.1 et 161 à 167 et la section J de la partie I s’appliquent à la présente partie, avec les adaptations nécessaires. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2001, ch. 17, art. 176.
Placements de non-résidents dans les fonds communs de placement canadiens Définitions
distribution déterminée En ce qui concerne un placement collectif en biens canadiens, la partie de toute somme que l’organisme de placement collectif émetteur du placement a payée à l’investisseur non résident détenteur du placement, ou portée à son crédit, (autrement qu’à titre de fait lié à la conversion d’une EIPD-fiducie) et qui n’est pas par ailleurs assujettie à l’impôt prévu aux parties I ou XIII. (assessable distribution) investisseur non résident Personne non résidente et société de personnes autre qu’une société de personnes canadienne. (non-resident investor) perte collective en biens canadiens S’agissant de la perte collective en biens canadiens d’un investisseur non résident pour une année d’imposition — pour laquelle celui-ci a produit, au plus tard à la date d’échéance de production qui lui est applicable pour l’année, une déclaration de revenu en vertu de la présente partie en la forme prescrite — relativement à un placement collectif en biens canadiens, le moins élevé des montants suivants : a) la perte de l’investisseur (étant entendu qu’elle est déterminée en vertu de l’article 40) pour l’année relativement à la disposition du placement; b) le total des distributions déterminées payées ou créditées au titre du placement après la dernière non-resident investor means a non-resident person or a partnership other than a Canadian partnership. (investisseur non résident) placement collectif en biens canadiens Action du capital-actions d’une société de placement à capital variable, ou unité d’une fiducie de fonds commun de placement, à l’égard de laquelle les conditions suivantes sont réunies : a) elle est inscrite à la cote d’une bourse de valeurs désignée; b) plus de 50 % de sa juste valeur marchande est attribuable à un ou plusieurs biens dont chacun est un bien immeuble au Canada, un avoir minier canadien ou un avoir forestier. (Canadian property mutual fund investment) Tax payable Impôt à payer
Si une personne (appelée « payeur » au présent article) paie à un investisseur non résident détenteur d’un placement collectif en biens canadiens, ou porte à son crédit, à un moment donné une somme au titre ou en paiement intégral ou partiel d’une distribution déterminée, les règles suivantes s’appliquent : a) l’investisseur est réputé pour l’application des dispositions de la présente loi, à l’exception de l’article 150, avoir disposé à ce moment, pour un produit égal au montant de la distribution déterminée, d’un bien qui, à la fois : (i) est un bien canadien imposable dont le prix de base rajusté pour lui immédiatement avant ce moment est nul, (ii) est identique à tous autres égards au placement collectif en biens canadiens; b) l’investisseur est redevable d’un impôt sur le revenu de 15 %, calculé sur le montant de tout gain (étant entendu qu’il est déterminé selon l’article 40) provenant de la disposition; Income Tax
exceeds Refund Excess loss — carryback Impôt sur le revenu
c) le payeur doit, malgré toute convention ou règle de droit contraire, à la fois : (i) déduire ou retenir de la somme payée ou créditée un montant représentant 15 % de cette somme, (ii) aussitôt verser ce montant au receveur général, pour le compte de l’investisseur, au titre de l’impôt, (iii) accompagner le versement d’un état établi sur le formulaire prescrit. Utilisation des pertes
L’investisseur non résident qui produit, au plus tard à la date d’échéance de production qui lui est applicable pour une année d’imposition, une déclaration de revenu en vertu de la présente partie pour l’année sur le formulaire prescrit est redevable, au lieu de l’impôt prévu à l’alinéa (2)b) relatif à toute somme payée ou créditée au cours de l’année, d’un impôt sur le revenu de 15 % pour l’année, calculé sur l’excédent éventuel du total visé à l’alinéa a) sur le total visé à l’alinéa b) : a) le total des gains de l’investisseur selon le paragraphe (2) pour l’année; b) le total des pertes collectives en biens canadiens de l’investisseur pour l’année et de sa perte collective en biens canadiens inutilisée pour l’année. Impôt réputé payé
Si un investisseur non résident produit, au plus tard à la date d’échéance de production qui lui est applicable pour une année d’imposition, une déclaration de revenu en vertu de la présente partie pour l’année sur le formulaire prescrit, toute somme versée au receveur général au titre d’une distribution déterminée qui lui a été payée, ou créditée, au cours de l’année est réputée avoir été payée au titre de l’impôt dont il est redevable pour l’année en vertu du paragraphe (3). Remboursement
L’excédent éventuel du total des sommes payées au titre de l’impôt dont un investisseur non résident est redevable pour une année d’imposition en vertu du paragraphe (3) sur son impôt en vertu de la présente partie pour l’année est remboursé à l’investisseur. Excédent de perte — report rétrospectif
Si un investisseur non résident produit, au plus tard à la date d’échéance de production qui lui est applicable pour une année d’imposition, une déclaration de revenu exceeds Ordering en vertu de la présente partie pour l’année sur le formulaire prescrit, le ministre lui rembourse une somme égale au moins élevé des montants suivants : a) le total de l’impôt payé par l’investisseur en vertu de la présente partie au cours de chacune des trois années d’imposition antérieures, dans la mesure où cet impôt n’a pas été remboursé par le ministre; b) 15 % de l’excédent éventuel du total visé au sous-alinéa (i) sur le total visé au sous-alinéa (ii) : (i) le total des pertes collectives en biens canadiens de l’investisseur pour l’année et de sa perte collective en biens canadiens inutilisée pour l’année, (ii) le total des distributions déterminées qui ont été payées à l’investisseur, ou portées à son crédit, au cours de l’année. Ordre de remboursement
Pour l’application du paragraphe (6), les montants d’impôt sont considérés comme étant remboursés dans l’ordre où ils ont été payés. Date d’échéance de production — société de personnes
Pour l’application de la présente partie, l’année d’imposition d’une société de personnes correspond à son exercice, et la date d’échéance de production qui lui est applicable pour l’année est déterminée comme si elle était une société. Société de personnes — associé résident au Canada
Si un investisseur non résident est une société de personnes dont l’un des associés réside au Canada, la partie de l’impôt payé par la société de personnes en vertu de la présente partie au titre d’une distribution déterminée qui lui a été payée, ou qui a été portée à son crédit, au cours d’une année d’imposition donnée et qu’il est raisonnable de considérer comme étant la part de l’associé, ou, si elle produit une déclaration de revenu pour cette année conformément au paragraphe (3), la partie de l’impôt qu’elle a payé en vertu de ce paragraphe pour l’année, est réputée : a) d’une part, être une somme payée au titre de l’impôt dont l’associé est redevable en vertu de la partie I pour son année d’imposition au cours de laquelle l’année donnée prend fin; b) d’autre part, sauf pour l’application du présent paragraphe, ne pas être un impôt payé au titre de l’impôt de la société de personnes en vertu de la présente partie, ni un impôt payé par la société de personnes. Provisions applicable [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2005, c. 19, s. 47; 2007, c. 35, s. 88; 2009, c. 2, s. 74. PART XIV (c) [Repealed, 2003, c. 28, s. 17] (ii) an amount deductible because of paragraphs 111(1)(b) and 115(1)(d) in computing the corporation’s base amount, (k) [Repealed, 2003, c. 28, s. 17] Excluded gains Exempt corporations (a) [Repealed, 2001, c. 17, s. 177] (ii) communications, or qu’elle exploitait au Canada en faveur d’une société canadienne (appelée « acheteur » au présent alinéa) qui était, immédiatement après la disposition, sa société liée admissible, pour une contrepartie qui comprend une action du capital-actions de l’acheteur, le total des montants relatifs à la disposition de biens admissibles au cours de l’année et correspondant chacun à l’excédent éventuel : (i) de la juste valeur marchande du bien admissible au moment de sa disposition, sur le total des montants suivants : (ii) le montant ajouté, par suite de la disposition, au capital versé au titre des actions émises et en circulation du capital-actions de l’acheteur, (iii) la juste valeur marchande, au moment de sa réception, de la contrepartie, autre que des actions, donnée par l’acheteur pour le bien admissible. Gains exclus (1.1) Pour l’application du paragraphe (1), la définition de bien canadien imposable au paragraphe 248(1) s’applique comme si les seuls alinéas (a) et (c) à (e) de cette définition et comme si les seuls options, intérêts ou droits visés à son alinéa f) étaient ceux se rapportant à des biens visés à son alinéa b). Sociétés exonérées
Aucun impôt n’est payable, en vertu de la présente partie, au titre d’une année d’imposition, par une société qui était, tout au long de l’année : a) [Abrogé, 2001, ch. 17, art. 177] b) une société dont l’entreprise principale était : (i) le transport de personnes ou de marchandises, (ii) les communications, (iii) l’extraction de minerai de fer au Canada; c) une société exonérée d’impôt en vertu de l’article 149. Provisions applicable to Part exceeds Dispositions applicables
Les articles 150 à 152, 154, 158, 159 et 161 à 167 et la section J de la partie I s’appliquent à la présente partie, avec les adaptations nécessaires. Assureurs non-résidents
Un assureur non-résident n’est tenu de payer aucun impôt en vertu du paragraphe (1) pour une année d’imposition, mais s’il choisit, selon les modalités et dans le délai réglementaires, de déduire, dans le calcul du montant de son fonds de placement canadien à la fin de l’année d’imposition suivante, une somme ne dépassant pas l’excédent éventuel du montant visé à l’alinéa a) sur le montant visé à l’alinéa b): a) l’excédent éventuel du total des montants suivants : (i) son fonds excédentaire résultant de l’activité à la fin de l’année, (i.1) si, au cours d’une année d’imposition ayant commencé avant la fin de l’année, l’assureur a transféré l’un de ses biens d’assurance désignés pour l’année à une société canadienne imposable avec laquelle il n’avait aucun lien de dépendance, (A) les biens ont été transférés avant le 16 décembre 1987 et le paragraphe 138(11.5) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, s’appliquait au transfert, (B) les biens ont été transférés avant le 22 novembre 1985 et le paragraphe 85(1) de la même loi s’appliquait au transfert, l’excédent éventuel du montant visé à la division (C) sur le montant visé à la division (D): (C) la juste valeur marchande, au moment du transfert, des biens transférés, (D) le produit de disposition des biens transférés pour l’assureur, sur le total des montants suivants : (ii) chaque somme sur laquelle l’assureur a payé de l’impôt en vertu de la présente partie pour une année d’imposition antérieure, (iii) l’excédent éventuel du déficit accumulé pour 1968 de l’assureur sur le montant de la provision actuarielle maximale aux fins d’impôt de l’assureur exceeds exceeds (5.2) Where Definitions
In this Part, a) un assureur non-résident cesse d’exploiter la totalité, ou presque, d’une entreprise d’assurance au Canada au cours d’une année d’imposition; b) l’assureur transfère l’entreprise à une société liée admissible de celui-ci et fait un choix avec cette société pour que le paragraphe 138(11.5) s’applique au transfert, l’assureur et la société peuvent, selon les modalités et dans le délai réglementaires, choisir de réduire le montant sur lequel l’assureur serait par ailleurs redevable d’impôt en application du paragraphe (5.1) d’un montant ne dépassant pas le moins élevé des montants suivants : c) le montant calculé à l’alinéa (5.1)a) à l’égard de l’assureur; d) le total du capital versé au titre des actions du capital-actions de la société que l’assureur a reçues en contrepartie du transfert de l’entreprise et du surplus d’apport découlant de l’émission de ces actions. Dividende réputé (5.3) Lorsqu’à un moment donné d’une année d’imposition : a) une société liée admissible d’un assureur non-résident cesse d’être une société liée admissible; b) le compte d’impôt différé d’une société liée admissible d’un assureur non-résident à un moment donné d’une année d’imposition et dont le compte d’impôt différé excède, à ce moment, le total du capital versé au titre de toutes les actions de son capital-actions et de son surplus d’apport, la société est réputée avoir versé à l’assureur, immédiatement avant ce moment, un dividende égal : a) au solde de son compte d’impôt différé à ce moment, dans le cas où elle cesse d’être une société liée admissible; b) à l’excédent à ce moment, dans le cas où le compte d’impôt différé excède le total du capital versé au titre de toutes les actions de son capital-actions et de son surplus d’apport. Définitions
Les définitions qui suivent s’appliquent à la présente partie. maximum tax actuarial reserves has the meaning assigned by subsection 138(12); (provision actuarielle maximale aux fins d’impôt) surplus funds derived from operations has the meaning assigned by subsection 138(12); (fonds excédentaire résultant de l’activité) A - B where compte d’impôt différé Le compte d’impôt différé, à un moment donné, d’une société liée admissible correspond au montant calculé selon la formule suivante : A - B où : A représente le total des montants dont chacun est un montant à l’égard duquel la société liée admissible et un assureur non-résident ont fait un choix conjoint avant ce moment conformément au paragraphe (5.2); B le total des montants dont chacun est le montant d’un dividende réputé, en vertu du paragraphe (5.3), avoir été payé par la société liée admissible avant ce moment. (tax deferred account) déficit accumulé pour 1968 Quant à un assureur sur la vie, la somme qui, d’après l’assureur, représente son déficit à la fin de son année d’imposition 1968 résultant de l’exploitation de son entreprise d’assurance-vie au Canada, à supposer que les montants de son actif et de son passif (y compris les provisions de toute espèce) : a) à la fin d’une année d’imposition antérieure à son année d’imposition 1968 avaient été déterminés pour les besoins du surintendant des assurances ou d’un agent semblable; b) à la fin de son année d’imposition 1968, correspondaient aux montants suivants : (i) en ce qui concerne les biens amortissables, leur coût en capital le premier jour de l’année d’imposition 1969 de l’assureur, (ii) en ce qui concerne les provisions techniques, les provisions actuarielles maximales de l’assureur aux fins d’impôt pour son année d’imposition 1968 relatives aux polices d’assurance-vie qu’il a établies dans le cadre de l’exploitation de son entreprise d’assurance-vie au Canada, (iii) en ce qui concerne les autres éléments d’actif et de passif, leur montant déterminé à la fin de cette année pour le calcul du revenu de l’assureur pour son année d’imposition 1969. (accumulated 1968 deficit) fonds de placement canadien S’entend au sens du règlement. (Canadian investment fund) fonds excédentaire résultant de l’activité S’entend au sens du paragraphe 138(12). (surplus funds derived from operations) (a) the particular corporation, NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 219; 1994, c. 7, Sch. II, s. 180, Sch. VIII, s. 192; 1995, c. 25, s. 56; 1996, c. 18, s. 219; 2001, c. 17, s. 177; 2003, c. 15, s. 182, c. 28, s. 177; 2013, c. 34, s. 169, c. 40, s. 84. 25% × (A – B) where Application of subsection (4)
Subsection (4) applies if (d) subsection (2) does not apply in respect of the cessation of residence. Paid-up capital reinstatement à un des alinéas 212.3(10)a) à f) qu’une société résidente fait dans une société déterminée; c) le paragraphe 212.3(9) ne s’applique pas relativement à une réduction du capital versé au titre d’une catégorie d’actions du capital-actions de la société ou d’une de ses sociétés remplacées déterminées, au sens du paragraphe 95(1); d) le paragraphe (2) ne s’applique pas relativement à la cessation de résidence. Rétablissement du capital versé
En cas d’application du présent paragraphe, la moins élevée des sommes ci-après est à ajouter, immédiatement avant le moment qui est immédiatement avant le moment de l’émigration, au capital versé visé à l’alinéa a) de l’élément B de la formule figurant au paragraphe (1) : a) le total des sommes représentant chacune une somme qui, par l’effet de l’alinéa 212.3(2)b) ou du paragraphe 212.3(7), devait réduire le capital versé au titre d’une catégorie d’actions du capital-actions de la société relativement à un placement dans une société déterminée fait par une société résidente faisant partie des alinéas 212.3(10)a) à f); b) le total des sommes représentant chacune : (i) la juste valeur marchande d’une action du capital-actions d’une société déterminée qui appartient à la société immédiatement avant le moment de l’émigration, (ii) la partie de la juste valeur marchande d’une action donnée du capital-actions d’une société étrangère affiliée de la société, appartenant à celle-ci immédiatement avant le moment de l’émigration, qu’il est raisonnable de considérer comme se rapportant à une action du capital-actions d’une société déterminée qui appartenait auparavant à la société et à laquelle l’action donnée a été substituée, (iii) la juste valeur marchande d’une créance, autre qu’un prêt ou dette déterminé au sens du paragraphe 212.3(11), d’une société déterminée qui appartient à la société immédiatement avant le moment de l’émigration. Terminologie
Pour l’application des paragraphes (3) et (4), société déterminée et société résidente s’entendent au sens du [NOTE: Application provisions are not included in the consolidated text: see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 219.1; 1994, c. 21, s. 98; 1998, c. 19, s. 220; 2012, c. 31, s. 5; 2014, c. 39, s. 66; 2021, c. 23, s. 54.] [NOTE: Application provisions are not included in the consolidated text: see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 219.2; 1934, c. 21, s. 100.] Impôt sur le revenu PARTIE XIV Impôt supplémentaire des sociétés non-résidentes Articles 219.1-219.3
[NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; L.R. (1985), ch. 1 (5e suppl.), art. 219.1; 1994, ch. 21, art. 98; 1998, ch. 19, art. 220; 2012, ch. 31, art. 5; 2014, ch. 39, art. 66; 2021, ch. 23, art. 54.] Restriction au taux de l’impôt de succursale
a) d’une part, ne limite pas le taux d’imposition en vertu de la présente partie des sociétés résidant dans l’autre pays; b) d’autre part, limite à un taux déterminé le taux d’imposition d’un dividende qu’une société résidant au Canada verse à une société résidant dans l’autre pays et qui possède l’ensemble des actions du capital-actions de la société résidant au Canada, le taux déterminé remplace tout taux d’imposition mentionné à l’article 219 pour une année d’imposition d’une société à laquelle l’accord ou la convention s’applique le dernier jour de cette année. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; L.R. (1985), ch. 1 (5e suppl.), art. 219.2; 1934, ch. 21, art. 100.] Effet
[NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; 1994, ch. 21, art. 100; 1998, ch. 19, art. 220.1.] PART XV Administration Minister’s duty Waiver of filing of documents Exception Extensions for returns
Application et exécution Application Fonctions du ministre 220 (1) Le ministre assure l’application et l’exécution de la présente loi. Le commissaire du revenu peut exercer les pouvoirs et fonctions conférés au ministre en vertu de la présente loi. Fonctionnaires, commis et préposés
Sont nommés ou employés de la manière autorisée par la loi les fonctionnaires, commis et préposés nécessaires à l’application et à l’exécution de la présente loi. Délégation (2.01) Le ministre peut autoriser un fonctionnaire ou une catégorie de fonctionnaires à exercer les pouvoirs et fonctions qui lui sont conférés en vertu de la présente loi. Renonciation (2.1) Le ministre peut renoncer à exiger qu’une personne produise un formulaire prescrit, un reçu ou autre document ou fournisse des renseignements prescrits, aux termes d’une disposition de la présente loi ou de son règlement d’application. La personne est néanmoins tenue de fournir le document ou les renseignements à la demande du ministre. Exception (2.2) Le paragraphe (2.1) ne s’applique pas au formulaire prescrit, au reçu ou au document, ni aux renseignements prescrits, qui sont présentés au ministre à compter de l’expiration du délai fixé au paragraphe 37(11), à l’alinéa (m) de la définition de crédit d’impôt à l’investissement au paragraphe 127(9) ou aux paragraphes 127.44(17), 127.45(3), 127.48(4) ou 127.49(3). Prorogations de délais pour les déclarations
Le ministre peut, à tout temps proroger le délai fixé pour faire une déclaration en vertu de la présente loi. Renonciation aux pénalités et aux intérêts (3.1) Le ministre peut, au plus tard le jour qui suit de dix années civiles la fin de l’année d’imposition d’un contribuable ou de l’exercice d’une société de personnes dans le cas d’une société de personnes, ou sur demande du contribuable ou de la société de personnes faite au plus tard ce jour-là, renoncer à tout ou partie d’un montant de pénalité ou d’intérêts payable par. (3.21) For the purpose of subsection (3.2), ailleurs par le contribuable ou la société de personnes en application de la présente loi pour cette année d’imposition ou cet exercice, ou l’annuler en tout ou en partie. Malgré les paragraphes 152(4) à (5), un ministre établit les cotisations voulues concernant les intérêts et pénalités payables par le contribuable ou la société de personnes pour tenir compte de pareille annulation. Choix modifié, annulé ou produit en retard (3.2) Le ministre peut, en ce qui concerne un choix prévu par une disposition visée par règlement, prolonger le délai pour faire le choix ou permettre la modification ou l’annulation du choix si les conditions suivantes sont réunies : a) le choix devait être fait ailleurs par un contribuable ou une société de personnes au plus tard un jour donné d’une de ses années d’imposition ou d’un de ses exercices, selon le cas; b) le contribuable ou la société de personnes demande au ministre, au plus tard le jour qui suit de dix années civiles la fin de l’année d’imposition ou de l’exercice, de proroger le délai ou de permettre la modification ou la révocation. Choix conjoint — fractionnement du revenu de pension (3.201) Sur demande d’un contribuable, le ministre peut prolonger le délai pour faire le choix prévu à l’article 60.03, ou permettre que ce choix soit modifié ou annulé, si les conditions suivantes sont réunies : a) la demande est présentée au plus tard le jour qui suit de trois années civiles la date limite de production qui est applicable au contribuable pour l’année d’imposition visée par le choix; b) le contribuable réside au Canada à celui des moments suivants qui est applicable : (i) s’il est décédé au moment de la demande, le moment immédiatement avant son décès, (ii) sinon, le moment de la demande. Montants indiqués ou attribués (3.21) Les présomptions suivantes s’appliquent dans le cadre du paragraphe (3.2) : a) une indication de montant dans un formulaire prescrit pour l’application de l’alinéa 80(2)j) ou de l’un des paragraphes 80(5) à (11) ou 80.03(7) est réputée constituer un choix fait en vertu d’une disposition de la présente loi, visée par règlement; (a) $8,000, and a.1) une désignation est réputée constituer un choix fait en vertu d’une disposition de la présente loi, visée par règlement, si la désignation est faite en vertu de la définition de résidence principale à l’article 54; b) une attribution effectuée en application du paragraphe 132.11(6) est réputée constituer un choix fait en vertu d’une disposition de la présente loi, visée par règlement. Date présumée d’un choix modifié, annulé ou produit en retard (3.3) Lorsque le ministre prolonge le délai pour faire un choix ou permet qu’un choix soit modifié ou annulé, les présomptions suivantes s’appliquent : a) le choix ou le choix modifié, selon le cas, est réputé avoir été fait le jour où il devait l’être au plus tard et de la manière prévue; en outre, le choix qui a été modifié est réputé, sauf pour l’application du présent article, ne jamais avoir été fait; b) le choix qui a été annulé est réputé, sauf pour l’application du présent article, ne jamais avoir été fait. Cotisations (3.4) Malgré les paragraphes 152(4), (4.01), (4.1) et (5), le ministre établit les cotisations voulues concernant l’impôt, les intérêts et les pénalités payables par un contribuable pour toute année d’imposition qui a commencé avant le jour où une demande visée au paragraphe (3.2) est faite, pour tenir compte du choix, du choix modifié ou de l’annulation visé au paragraphe (3.3). Pénalité relative au choix modifié, annulé ou produit en retard (3.5) Lorsque le ministre prolonge le délai pour faire un choix ou permet qu’un choix soit modifié ou annulé (sauf s’il s’agit de la prorogation ou de la permission visée au paragraphe (3.201), le contribuable ou la société de personnes, selon le cas, est passible d’une pénalité égale à la moins élevée des sommes suivantes : a) 8 000 $; b) le produit de la multiplication de 100 $ par le nombre de mois entiers compris dans la période commençant à la date où, au plus tard, le choix devait être fait. Unpaid balance of penalty Idem Security Idem A - B - [(A - B)/A] × C where (b) except for the purposes of subsections 161(2), (4) and (4.01), --- Garantie pour l’impôt de départ (4.5) Si un particulier qui est réputé, par le paragraphe 128.1(4), avoir disposé d’un bien (sauf le droit à une prestation prévue par un régime de prestations aux employés ou une participation dans une fiducie régie par un tel régime) à un moment donné d’une année d’imposition (appelée « année de l’émigration » au présent article) fait un choix, selon les modalités réglementaires et au plus tard à la date d’exigibilité du solde qui lui est applicable pour l’année de l’émigration, afin que le présent paragraphe et les paragraphes (4.51) à (4.54) s’appliquent à cette année, les règles suivantes s’appliquent : a) le ministre accepte, jusqu’à la date d’exigibilité du solde applicable au particulier pour une année d’imposition donnée commençant après le moment donné, une garantie suffisante fournie par le particulier, ou en son nom, au plus tard à la date d’exigibilité du solde qui lui est applicable pour l’année de l’émigration pour le moins élevé des montants suivants : (i) le montant déterminé selon la formule suivante : A - B - [(A - B)/A] × C où : A représente le total des impôts prévus par les parties I et I.1 qui seraient payables par le particulier pour l’année de l’émigration s’il n’était pas tenu compte de l’exclusion ou de la déduction de chaque montant visé à l’alinéa 161(7)(a), B le total des impôts prévus par ces parties qui auraient été ainsi payables si chaque bien (sauf le droit à une prestation prévue par un régime de prestations aux employés ou une participation dans une fiducie régie par un tel régime) réputé par le paragraphe 128.1(4) avoir fait l’objet d’une disposition au moment donné, et dont il n’a pas été disposé ultérieurement avant le début de l’année donnée, n’était pas réputé par ce paragraphe avoir fait l’objet d’une disposition par le particulier au moment donné, C le total des montants réputés par la présente loi ou une autre loi avoir été payés au titre de l’impôt dû particulier en vertu de la présente partie pour l’année de l’émigration, (ii) si l’année donnée suit immédiatement l’année de l’émigration, le montant déterminé selon le sous-alinéa (i); sinon, le montant déterminé selon le présent alinéa relativement au particulier pour l’année d’imposition qui précède immédiatement l’année donnée; b) sauf pour l’application des paragraphes 161(2), (4) et (4.01), les intérêts et pénalité ci-après sont calculés Income Tax Administration
Limit Impôt sur le revenu
Application
comme si le montant pour lequel la garantie suffisante a été acceptée aux termes du présent paragraphe était une somme payée par le particulier au titre du montant : (i) les intérêts calculés en vertu de la présente loi pour toute période se terminant à la date d’exigibilité du solde applicable au particulier pour l’année donnée et tout au long de laquelle la garantie est acceptée par le ministre, (ii) toute pénalité prévue par la présente loi, calculée par rapport à l’impôt payable par un particulier pour l’année qui était impayé, compte non tenu du présent alinéa. Garantie réputée (4.51) Si un particulier (sauf une fiducie) fait un choix, aux termes du paragraphe (4.5), afin que ce paragraphe s’applique à une année d’imposition, le ministre est réputé, pour l’application du présent paragraphe et des paragraphes (4.5) et (4.52) à (4.54), avoir accepté, à un moment après que le choix est fait, une garantie suffisante pour un montant total d’impôts payables par le particulier en vertu des parties I et I.1 pour l’année de l’émigration égal au moindre de : a) le montant total de ces impôts qui serait payable pour l’année par une fiducie résidant au Canada (sauf une succession assujettie à l’imposition à taux progressifs ou une fiducie admissible pour personnes handicapées au sens du paragraphe 122(3)) dont le revenu imposable pour l’année s’établit à 50 000 $, b) le montant le plus élevé pour lequel le ministre est tenu d’accepter une garantie fournie par le particulier ou en son nom aux termes du paragraphe (4.5) à ce moment pour l’année de l’émigration. Cette garantie est réputée avoir été fournie par le particulier avant la date d’exigibilité du solde qui lui est applicable pour l’année de l’émigration. (4.52) Malgré les paragraphes (4.5) et (4.51), le ministre est réputé, à un moment donné, ne pas avoir accepté de garantie aux termes du paragraphe (4.5) pour l’année de l’émigration d’un particulier pour un montant supérieur à l’excédent éventuel du total visé à l’alinéa a) sur le total visé à l’alinéa b) : a) le total des impôts qui seraient payables par le particulier en vertu des parties I et I.1 pour l’année s’il Income Tax Administration
exceeds Inadequate security Extension of time (4.6) Where Impôt sur le revenu
Application
n'était pas tenu compte de l'exclusion ou de la déduction de chaque montant visé à l'alinéa 161(7a) relativement auquel le jour déterminé selon l'alinéa 161(7b) est postérieur à ce moment; b) le total des impôts qui seraient déterminés selon l'alinéa a) s'il n'était pas tenu compte du paragraphe 128.1(4). Garantie insuffisante (4.53) Sous réserve du paragraphe (4.7), lorsqu'il est déterminé à un moment donné que la garantie acceptée par le ministre aux termes du paragraphe (4.5) ne suffit pas à garantir le montant pour lequel elle a été fournie par un particulier ou en son nom, les règles suivantes s'appliquent : a) sous réserve de l'application ultérieure du présent paragraphe, la garantie est considérée, après le moment donné, ne porter que sur le montant pour lequel elle constitue une garantie suffisante à ce moment; b) le ministre avise le particulier de la détermination par écrit et accepte une garantie suffisante, pour tout ou partie du montant particulier, fournie par le particulier ou en son nom, dans les 90 jours suivant le jour de l'avis; c) toute garantie acceptée en conformité avec l'alinéa b) est réputée l'avoir été par le ministre aux termes du paragraphe (4.5) au titre du montant au moment donné. Prorogation du délai (4.54) Le ministre peut, à tout moment, proroger les délais ci-après s'il est d'avis qu'il est juste et équitable de le faire : a) le délai de production du document concernant le choix prévu au paragraphe (4.5); b) le délai de fourniture et d'acceptation de la garantie aux termes du paragraphe (4.5); c) le délai de 90 jours fixé à l'alinéa (4.53)b). Garantie pour l'impôt sur les attributions de biens canadiens imposables à des bénéficiaires non-résidents (4.6) Dans le cas où les conditions suivantes sont réunies : a) par le seul effet du paragraphe 107(5), les alinéas 107(2)a) à c) ne s'appliquent pas à une distribution de biens canadiens imposables effectuée par une fiducie Income Tax Administration
A - B - [(A - B)/A) × C] where (d) except for the purposes of subsections 161(2), (4) and (4.01), Impôt sur le revenu
Application
b) la fiducie fait un choix, selon les modalités réglementaires et au plus tard à la date d’exigibilité du solde qui lui est applicable pour l’année de l’attribution, afin que le présent paragraphe et les paragraphes (4.61) à (4.63) s’appliquent à l’année de l’attribution, les règles suivantes s’appliquent : c) le ministre accepte, jusqu’à la date d’exigibilité du solde applicable à la fiducie pour une année d’imposition ultérieure, une garantie suffisante fournie par la fiducie, ou en son nom, au plus tard à la date d’exigibilité du solde qui lui est applicable pour l’année de la distribution pour le moins élevé des montants suivants : (i) le montant obtenu par la formule suivante : A - B - [(A - B)/A) × C] où : A représente le total des impôts prévus par les parties I et I.1 qui seraient payables par la fiducie pour l’année de la distribution si l’exclusion ou la déduction de chaque montant visé à l’alinéa 161(7)a) n’étaient pas prises en compte, B le total des impôts prévus par ces parties qui auraient été ainsi payables si les règles énoncées au paragraphe 107(2) (sauf celle portant sur le choix prévu à ce paragraphe) s’étaient appliquées à chaque disposition, effectuée par la fiducie au cours de l’année de la distribution, de biens auxquels s’applique l’alinéa (a) (sauf les biens dont il est disposé ultérieurement avant le début de l’année suivante), C le total des montants réputés par la présente loi ou une autre loi avoir été payés au titre de l’impôt de la fiducie en vertu de la présente partie pour l’année de la distribution, (ii) si l’année ultérieure suit immédiatement l’année de la distribution, le montant déterminé selon le sous-alinéa (i); sinon, le montant déterminé selon le présent alinéa relativement à la fiducie pour l’année d’imposition précédant l’année ultérieure; d) sauf pour l’application des paragraphes 161(2), (4) et (4.01), les intérêts et pénalités calculés comme si le montant pour lequel la garantie suffisante a été acceptée aux termes du présent paragraphe était une somme payée par la fiducie au titre du montant : Limit exceeds Inadequate security les intérêts calculés en vertu de la présente loi pour toute période se terminant à la date d’exigibilité du solde applicable à la fiducie pour l’année ultérieure et tout au long de laquelle la garantie est acceptée par le ministre, (ii) toute pénalité prévue par la présente loi, calculée par rapport à l’impôt payable par la fiducie pour l’année qui était impayé, compte non tenu du présent alinéa. (4.61) Malgré le paragraphe (4.6), le ministre est réputé, à un moment donné, ne pas avoir accepté de garantie aux termes de ce paragraphe pour l’année de la distribution d’une fiducie pour un montant supérieur à l’excédent du total visé à l’alinéa a) sur le total visé à l’alinéa b): a) le total des impôts qui seraient payables par la fiducie en vertu des parties I et I.1 pour l’année s’il n’était pas tenu compte de l’exclusion ou de la déduction de chaque montant visé à l’alinéa 161(7)(a) relativement auquel le jour déterminé selon l’alinéa 161(7)(b) est postérieur à ce moment; b) le total des impôts qui seraient déterminés selon l’alinéa a) si les alinéas 107(2)(a) à c) s’étaient appliqués à chaque distribution effectuée par la fiducie au cours de l’année de biens auxquels s’applique l’alinéa (1)a). Garantie insuffisante (4.62) Sous réserve du paragraphe (4.7), lorsqu’il est déterminé à un moment donné que la garantie acceptée par le ministre aux termes du paragraphe (4.6) ne suffit pas à garantir le montant pour lequel elle a été fournie par une fiducie ou en son nom, les règles suivantes s’appliquent : a) sous réserve de l’application ultérieure du présent paragraphe, la garantie est considérée, après le moment donné, ne garantir que le montant pour lequel elle constitue une garantie suffisante à ce moment; b) le ministre avise la fiducie de la détermination par écrit et accepte une garantie suffisante pour tout ou partie du montant fourni, dans les 90 jours suivant cet avis, par la fiducie ou en son nom; c) toute garantie acceptée en conformité avec l’alinéa b) est réputée l’avoir été par le ministre aux termes du paragraphe (4.6) au titre du montant au moment donné. Extension of time Limit Effect of assignment [NOTE: Application provisions are not included in the consolidated text; see relevant amendments and application provisions in the following: 1985, c. 1 (5th Supp.), s. 220(4), 7, Sch. VII, c. 1, s. 181, Sch. VIII, c. 12, s. 13; 1995, c. 21, s. 42; 1997, c. 25, s. 65; 1998, c. 19, s. 224; 1999, c. 17, s. 164; 2002, c. 8, s. 178; 2003, c. 15, s. 126; 2006, c. 9, s. 48; c. 33, s. 48; 2007, c. 35, s. 18; 2013, c. 34, s. 380; 2014, c. 39, s. 87; 2017, c. 33, s. 76; 2024, c. 15, s. 68; 2024, c. 17, s. 18.] (d) requiring any class of persons to make information returns respecting any class of information required in connection with assessments under this Act; (f) [Repealed, 1998, c. 19, s. 222(2)] Effect (d) gives effect to a budgetary or other public announcement, in which case the regulation shall not, concernant tout type de renseignements nécessaires à l’établissement de cotisations sous le régime de la présente loi; e) enjoindre à toute personne tenue par une disposition réglementaire prise en application de l’alinéa d) de remplir une déclaration de renseignements, d’en fournir une copie ou d’un extrait visé par règlement à la personne que la déclaration ou l’extrait concerne; f) [Abrogé, 1998, ch. 19, art. 222(2)] g) prévoir la retenue, par voie de déduction ou de compensation, du montant de l’impôt sur le revenu d’un contribuable au titre de la présente loi ou de toute autre dette envers Sa Majesté relativement à des traitements ou salaires; h) définir les catégories de personnes qui peuvent être réputées à charge pour l’application de la présente loi; i) définir les catégories de personnes non-résidentes qui peuvent être considérées, pour l’application de la présente loi : (i) comme un époux ou conjoint de fait aux besoins duquel un contribuable subvient, (ii) comme une personne à la charge, ou entièrement à la charge d’un contribuable, et indiquer les éléments de preuve à fournir pour établir qu’une personne appartient à une telle catégorie; j) prendre, de façon générale, les mesures nécessaires à l’application de la présente loi. Prise d’effet
Les dispositions réglementaires d’application de la présente loi ont effet à compter de leur publication dans la Gazette du Canada ou après si elles le prévoient. Toute disposition réglementaire peut toutefois avoir un effet rétroactif, si elle comporte une disposition en ce sens, dans les cas suivants : a) elle a pour seul résultat d’alléger une charge; b) elle corrige une disposition ambiguë ou erronée, non conforme à un objet de la présente loi ou de son règlement; c) elle met en œuvre une disposition nouvelle ou modifiée de la présente loi applicable avant qu’elle ne soit publiée dans la Gazette du Canada; except where paragraph 221(2)(a), 221(2)(b) or 221(2)(c) applies, have effect NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 221; 1994, c. 7, Sch. II, s. 182; 1998, c. 19, s. 222; 2000, c. 12, s. 142; 2007, c. 35, s. 62; 2018, c. 12, s. 32. Providing information returns in electronic format Re-appropriation of amounts d) elle met en œuvre une mesure — budgétaire ou non — annoncée publiquement, auquel cas, si l’alinéa a), b) ou c) ne s’appliquent pas par ailleurs, elle ne peut avoir d’effet : (i) avant la date où la mesure est ainsi annoncée s’il y a déduction ou retenue sur des montants versés ou crédités, (ii) sinon, avant l’année d’imposition au cours de laquelle la mesure est ainsi annoncée. Dispositions réglementaires liant Sa Majesté
Les dispositions réglementaires prises en application des alinéas (1)d) ou e) lient Sa Majesté du chef du Canada ou d’une province. Incorporation par renvoi
Un règlement d’application de la présente loi peut incorporer par renvoi un document dans son état premier ou modifié. NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; L.R. (1985), ch. 1 (5e suppl.), art. 221; 1994, ch. 7, ann. II, art. 182; 1998, ch. 19, art. 222; 2000, ch. 12, art. 142; 2007, ch. 35, art. 62; 2018, ch. 12, art. 32. Déclaration de renseignements — version électronique
NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; 2017, ch. 20, art. 28. Intérêt
NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; 1994, ch. 7, ann. II, art. 183. Réaffectation de montants
Income Tax Administration Sections 221.2-222 Re-appropriation of amounts 1994, c. 7, Sch. VIII, s. 128; 2006, c. 4, s. 168; 2022, c. 5, s. 209; 2022, c. 19, s. 160; 2022, c. 19, s. 173; 2024, c. 15, s. 116; 2024, c. 17, s. 100; 2024, c. 17, s. 111. Collection Definitions Impôt sur le revenu
Application
visée aux alinéas 223(1)a) à d), le ministre peut, à la demande de la personne, affecter tout ou partie du montant à une autre somme qui est ou peut devenir ainsi payable. Pour l’application de ces lois : a) la seconde affectation est réputée effectuée au même moment que la première; b) la première affectation est réputée ne pas avoir été effectuée jusqu’à concurrence de la seconde; c) le montant est réputé ne pas avoir été payé au titre de la dette jusqu’à concurrence de la seconde affectation. Réaffectation de montants
Lorsqu’un montant est affecté à une somme (appelée « dette » au présent article) qui est ou peut devenir payable par une personne en application de la présente loi, de la Loi sur la taxe d’accise, de la Loi sur le droit pour la sécurité des passagers du transport aérien, de la Loi de 2001 sur l’accise, de la Loi sur la taxe sur les logements sous-utilisés, de la Loi sur la taxe sur certains biens de luxe, de la Loi sur la taxe sur les services numériques ou de la Loi sur l’impôt minimum mondial, le ministre peut, à la demande de la personne, affecter tout ou partie du montant à une autre somme qui est ou peut devenir ainsi payable. Pour l’application de ces lois : a) la seconde affectation est réputée effectuée au même moment que la première; b) la première affectation est réputée ne pas avoir été effectuée jusqu’à concurrence de la seconde; c) le montant est réputé ne pas avoir été payé au titre de la dette jusqu’à concurrence de la seconde affectation. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1994, ch. 7, ann. VIII, art. 128; 2006, ch. 4, art. 168; 2022, ch. 5, art. 209; 2022, ch. 19, art. 160; 2022, ch. 19, art. 173; 2024, ch. 15, art. 116; 2024, ch. 17, art. 100; 2024, ch. 17, art. 111. Recouvrement Définitions 222 (1) Les définitions qui suivent s’appliquent au présent article. action Toute action en recouvrement d’une dette fiscale d’un contribuable, y compris les procédures judiciaires et Debts to Her Majesty Limitation period Limitation period restarted toute mesure prise par le ministre en vertu des paragraphes 129(2), 131(3), 132(2) ou 164(2), de l’article 203 ou d’une disposition de la présente partie. (action) dette fiscale Toute somme payable par un contribuable sous le régime de la présente loi. (tax debt) Créances de Sa Majesté
La dette fiscale est une créance de Sa Majesté et est recouvrable à ce titre devant la Cour fédérale ou devant tout autre tribunal compétent ou de toute autre manière prévue par la présente loi. Prescription
Une action en recouvrement d’une dette fiscale ne peut être entreprise par le ministre après l’expiration du délai de prescription pour le recouvrement de la dette. Délai de prescription
Le délai de prescription pour le recouvrement d’une dette fiscale d’un contribuable : a) commence : (i) si un avis de cotisation, ou un avis visé au paragraphe 226(1), concernant la dette est envoyé ou signifié au contribuable après le 3 mars 2004, le quatre-vingt-dixième jour suivant le jour où le dernier de ces avis est envoyé ou signifié, (ii) si le sous-alinéa (i) ne s’applique pas et que la dette était exigible le 4 mars 2004, ou l’aurait été en l’absence de tout délai de prescription qui s’est appliqué par ailleurs au recouvrement de la dette, le 4 mars 2004; b) prend fin, sous réserve du paragraphe (8), dix ans après le jour de son début. Reprise du délai de prescription
Le délai de prescription pour le recouvrement d’une dette fiscale d’un contribuable recommence à courir — et prend fin, sous réserve du paragraphe (8), dix ans plus tard — le jour, antérieur à celui où il prendrait fin par ailleurs, où, selon le cas : a) le contribuable reconnaît la dette conformément au paragraphe (6); b) le ministre entreprend une action en recouvrement de la dette; Acknowledgement of tax debts Extension of limitation period Bar to claims [NOTE: Application provisions are not included in this consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 222; 2004, c. 22, s. 50; 2010, c. 25, s. 66. (b.1) [Repealed, 2024, c. 17, s. 69] Certificates Costs Charge sur un bien
Une fois l’extrait produit, enregistré ou autrement inscrit en application du paragraphe (5), une sûreté, une priorité ou une autre charge grève un bien du débiteur situé dans la province, ou un intérêt ou, pour l’application du droit civil, un droit sur un tel bien, de la même manière et dans la même mesure que si l’extrait était un document faisant preuve du contenu d’un jugement visé à l’alinéa (5)a) ou d’un montant visé à l’alinéa (5)b). Cette sûreté, priorité ou autre charge prend rang après toute autre sûreté, priorité ou charge à l’égard de laquelle les mesures requises pour la rendre opposable aux autres créanciers ont été prises avant la production, l’enregistrement ou autre inscription de l’extrait. Procédures engagées en faveur d’un extrait
L’extrait produit, enregistré ou autrement inscrit dans une province en application du paragraphe (5) peut, de la même manière et dans la même mesure que s’il s’agissait d’un document faisant preuve du contenu d’un jugement visé à l’alinéa (5)a), faire l’objet dans la province de procédures visant notamment : a) à exiger le paiement du montant attesté par l’extrait, des intérêts y afférents et des frais et dépenses payés ou engagés en vue de la production, de l’enregistrement ou autre inscription de l’extrait ou en vue de l’exécution des procédures de recouvrement du montant; b) à renouveler ou autrement prolonger l’effet de la production, de l’enregistrement ou autre inscription de l’extrait; c) à annuler ou à retirer l’extrait dans son ensemble ou uniquement en ce qui concerne un ou plusieurs biens ou intérêts ou droits sur lesquels l’extrait a une incidence; d) à différer l’effet de la production, de l’enregistrement ou autre inscription de l’extrait en faveur d’un droit, d’une sûreté, d’une priorité ou d’une autre charge qui a été ou qui sera produit, enregistré ou autrement inscrit à l’égard d’un bien ou d’un intérêt ou d’un droit sur lequel l’extrait a une incidence. Income Tax Collection
Presentation of documents
Sale, etc. Impôt sur le revenu
Recouvrement
Toutefois, dans le cas où la loi provinciale exige — soit dans le cadre de ces procédures, soit préalablement à leur exécution — l’obtention d’une ordonnance, d’une décision ou d’un consentement de la cour supérieure de la province ou d’un juge ou d’un fonctionnaire de celle-ci, la Cour fédérale ou un juge ou un fonctionnaire de celle-ci peut rendre une telle ordonnance ou décision ou donner un tel consentement. Cette ordonnance, cette décision ou ce consentement a alors le même effet dans le cadre des procédures que s’il était rendu ou donné par la cour supérieure de la province ou par un juge ou un fonctionnaire de celle-ci. Présentation des documents
(a) L’extrait qui est présenté pour production, enregistrement ou autre inscription en application du paragraphe (5), ou un document concernant l’extrait qui est présenté pour production, enregistrement ou autre inscription dans le cadre des procédures visées au paragraphe (7), à un agent d’un régime d’enregistrement foncier ou des droits sur les biens meubles ou personnels ou autres droits d’une province est accepté pour production, enregistrement ou autre inscription de la même manière et dans la même mesure que s’il s’agissait d’un document établissant un jugement visé à l’alinéa 223(5)a) ou d’un montant visé à l’alinéa 223(5)b); (b) l’enregistrement ou autre inscription de l’extrait ou du document, l’accès à une personne, à un endroit ou à une chose situé dans une province est donné de la même manière et dans la même mesure que si l’extrait ou le document était un document semblable ainsi délivré ou établi. Lorsque l’extrait ou le document est délivré par la Cour fédérale ou par un fonctionnaire de celle-ci, tout affidavit, déclaration ou autre preuve exigé par la loi provinciale pour accompagner cet extrait ou ce document est réputé fourni avec l’extrait ou le document. Interdiction de vendre
Malgré les lois fédérales et provinciales, ni le shérif ni une autre personne ne peut, sans le consentement écrit du ministre, vendre un bien ou autrement en disposer ou publier un avis concernant la vente ou la disposition d’un bien ou autrement l’annoncer, par suite de l’émission d’un bref ou de la création d’une sûreté, d’une priorité ou d’une charge dans le cadre de procédures recouvrant un montant attesté dans un certificat fait en application du paragraphe (2), les intérêts y afférents et des frais. Toutefois, si ce consentement est obtenu ultérieurement, tout bien sur lequel un tel bref ou une telle sûreté, priorité ou charge aurait une incidence si ce consentement avait été obtenu au moment de l’émission du bref ou de la création de la sûreté, priorité ou charge, selon le cas, est saisi ou autrement grevé comme si le consentement avait été obtenu à ce moment. Établissement des avis
Dans le cas où des renseignements qu’un shérif ou une autre personne doit indiquer dans un procès-verbal, un avis ou un document à établir à une fin quelconque ne peuvent, en raison du paragraphe (9), être ainsi indiqués, le shérif ou l’autre personne doit établir le procès-verbal, l’avis ou le document en mettant les renseignements en question. Une fois le consentement du ministre obtenu pour l’application de ce paragraphe, un autre procès-verbal, avis ou document indiquant tous les renseignements doit être établi à la même fin. S’il se conforme au présent paragraphe, le shérif ou l’autre personne est réputé se conformer à la loi, à la disposition réglementaire ou à la règle qui exige que les renseignements soient indiqués dans le procès-verbal, l’avis ou le document. Demande d’ordonnance
S’il ne peut se conformer à une loi ou à une règle de pratique en raison des paragraphes (9) ou (10), le shérif ou l’autre personne est lié par toute ordonnance rendue, sur requête ex parte du ministre, par un juge de la Cour fédérale visant à donner effet à des procédures ou à une sûreté, une priorité ou une charge. Présomption de garantie (11.1) La sûreté, la priorité ou l’autre charge créée selon le paragraphe (6) par la production, l’enregistrement ou autre inscription d’un extrait en application du paragraphe (5) qui est enregistrée en conformité avec le paragraphe 87(1) de la Loi sur la faillite et l’insolvabilité est réputée, à la fois : a) être une réclamation garantie et, sous réserve du paragraphe 87(2) de cette loi, prendre rang comme réclamation garantie en vertu de cette loi; b) être une réclamation visée à l’alinéa 86(2)a) de cette loi. Contenu des certificats et extraits
Malgré les lois fédérales et provinciales, dans le certificat fait à l’égard d’un débiteur en application du paragraphe (2), dans l’extrait faisant preuve du contenu d’un tel certificat ou dans le bref ou document délivré en vue du recouvrement d’un montant attesté dans un tel certificat, il suffit, à toutes fins utiles : [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 223; 1994, c. 7, Sch. VIII, s. 122; 1996, c. 21, s. 59; 1998, c. 19, s. 224; 2000, c. 30, s. 175(1); 2013, c. 34, s. 16; 2022, c. 17, s. 68.] Application of ss. 223(1) to (8) and (12) Application of ss. 223(9) to (11) Idem au titre de l’obligation du débiteur fiscal en vertu de la présente loi. Idem (1.1) Sans préjudice de la portée générale du paragraphe (1), lorsque le ministre sait ou soupçonne que, dans les 90 jours : a) soit une banque, une caisse de crédit, une société de fiducie ou une autre personne semblable (appelée « l’institution » au présent article) prêtera ou avancera des fonds à un débiteur fiscal, effectuera un paiement au nom d’un débiteur fiscal ou fera un paiement à l’égard d’un effet négociable émis par le débiteur fiscal qui est endetté envers l’institution et qui a fourni à l’institution une garantie à l’égard de la dette; b) soit une personne, autre qu’une institution, prêtera ou avancera des fonds à un débiteur fiscal ou effectuera un paiement au nom d’un débiteur fiscal que le ministre sait ou soupçonne : (i) être employé de cette personne, ou prestataire de biens ou de services à cette personne ou qui l’a été ou le sera dans les 90 jours, (ii) lorsque cette personne est une société, avoir un lien de dépendance avec cette personne, il peut exiger par écrit de cette institution ou de cette personne, selon le cas, que les fonds qui seraient autrement prêtés, avancés ou payés au débiteur fiscal soient en totalité ou en partie versés au receveur général au titre de l’obligation du débiteur fiscal en vertu de la présente loi, et les fonds ainsi versés au receveur général sont réputés avoir été prêtés, avancés ou payés, selon le cas, au débiteur fiscal. Saisie-arrêt (1.2) Malgré les autres dispositions de la présente loi, la Loi sur la faillite et l’insolvabilité, tout autre texte législatif fédéral ou provincial et toute règle de droit, mais sous réserve des paragraphes 69(1) et 69.1(1) de la Loi sur la faillite et l’insolvabilité et de l’article 11.09 de la Loi sur les arrangements avec les créanciers des compagnies, lorsque le ministre sait ou soupçonne qu’une personne donnée, dans les douze mois, deviendra débitrice d’une somme : a) soit à un débiteur fiscal, à savoir une personne redevable du montant d’une cotisation en application du paragraphe 227(10.1) ou d’une disposition semblable; b) soit à un créancier garanti, à savoir une personne qui, grâce à une garantie en sa faveur, a le droit de recevoir la somme autrement payable au débiteur fiscal, Definitions (1.3) In subsection 224(1.2), le ministre peut exiger par écrit de la personne donnée que tout ou partie de cette somme soit payé au receveur général, sans délai si la somme est payable immédiatement, sinon dès qu’elle devient payable, au titre du montant de la cotisation en application du paragraphe 227(10.1) ou d’une disposition semblable dont le débiteur fiscal est redevable. Sur réception de l’avis de cette exigence par la personne donnée, la somme dont le paiement est exigé devient, malgré toute autre garantie au titre de cette somme, la propriété de Sa Majesté jusqu’à concurrence du montant de la cotisation et doit être payée au receveur général par priorité sur toute autre garantie au titre de cette somme. Définitions (1.3) Les définitions qui suivent s’appliquent au paragraphe (1.2). créancier garanti Personne qui a une garantie sur un bien d’une autre personne — ou qui est mandataire de cette personne quant à cette garantie —, y compris un fiduciaire désigné dans une acte de fiducie relatif à une garantie, un séquestre ou séquestre-gérant nommé par un créancier garanti ou par un tribunal à la demande d’un créancier garanti, un administrateur-séquestre ou une autre personne dont les fonctions sont semblables à celles de l’une de ces personnes. (secured creditor) disposition semblable Disposition, semblable au paragraphe 227(10.1), d’une loi provinciale qui prévoit un impôt semblable à celui prévu par la présente loi, si la province concernée a conclu avec le ministre des Finances un accord pour le recouvrement des impôts payables à celle-ci en vertu de cette loi provinciale. (similar provision) garantie Intérêt ou, pour l’application du droit civil, droit sur un bien qui garantit l’exécution d’une obligation, notamment un paiement. Sont en particulier des garanties les intérêts ou droits résultant de débentures, hypothèques, privilèges, nantissements, sûretés, fiducies réputées ou réelles, cessions et charges, quelle que soit la nature, de quelque façon ou à quelque date qu’elles soient créées, réputées exister ou prévues par ailleurs. (security interest) Saisie-arrêt (1.4) Les dispositions de la présente loi exigeant qu’une personne verse au receveur général, par suite d’une requête du ministre en ce sens, une somme qui serait par ailleurs prêtée, avancée ou payée soit à un contribuable Minister’s receipt discharges original liability Idem Failure to comply with s. (1), (1.2) or (3) requirement Failure to comply with s. (1.1) requirement Service of garnishee redevable d’une somme aux termes de la présente loi, soit à son créancier garanti, s’appliquent à Sa Majesté du chef du Canada ou d’une province. Réception du ministre constituant quittance
Le récépissé du ministre relatif à des fonds versés, comme l’exige le présent article, constitue une quittance valable et suffisante de l’obligation initiale jusqu’à concurrence du paiement. Durée de la saisie-arrêt
Lorsque le ministre a, sous le régime du présent article, exigé d’une personne qu’elle verse au receveur général, à l’égard d’une obligation imposée à un débiteur fiscal en vertu de la présente loi, des fonds payables par ailleurs par cette personne au débiteur fiscal à titre d’intérêt, de loyer, de rémunération, de dividende, de rente ou autre paiement périodique, cette exigence s’applique à tous les versements de ce genre à faire par la personne au débiteur fiscal tant qu’il n’a pas été satisfait à l’obligation imposée par la présente loi, et porte que des paiements soient faits au receveur général sur chacun des versements, selon le montant stipulé dans l’exigence. Défaut de se conformer aux par. (1), (1.2) ou (3)
Toute personne qui omet de se conformer à une exigence du paragraphe (1), (1.2) ou (3) est tenue de payer à Sa Majesté un montant égal au montant qu’elle était tenue, en vertu du paragraphe (1), (1.2) ou (3), selon le cas, de payer au receveur général. Défaut de se conformer au par. (1.1) (4.1) Toute institution ou personne qui omet de se conformer à une exigence du paragraphe (1.1) est tenue de payer à Sa Majesté, à l’égard des fonds à prêter, à avancer ou à payer, un montant égal au moindre des montants suivants : a) le total des fonds ainsi prêtés, avancés ou payés; b) le montant qu’elle était tenue de payer au receveur général en vertu de ce paragraphe. Signification de la saisie-arrêt
Si une personne exploite une entreprise sous un nom ou une raison sociale autre que son propre nom, l’avis à la personne de l’exigence prévue aux paragraphes (1), (1.1) ou (1.2) peut être adressé au nom ou à la raison sociale sous lequel elle exploite l’entreprise et, en cas de signification à personne, est réputé valablement signifié s’il est laissé à une personne adulte employée au lieu d’affaires du destinataire. Idem (NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.) R.S., 1985, c. 1 (5th Supp.), s. 224; 1994, c. 7, Sch. V, s. 5; Sch. VII, s. 10; c. 21, s. 109; 1997, c. 12, s. 128; 2001, c. 17, s. 228(E); 2005, c. 47, s. 139; 2007, c. 36, s. 108; 2013, c. 34, s. 161. (NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.) 1975-76, c. 26, s. 54; 1980-81-82-83, c. 48, s. 104. Acquisition of debtor’s property (NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.) R.S., 1985, c. 1 (5th Supp.), s. 224.2; 2013, c. 34, s. 162. Income Tax Collection Sections 224.3-225 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 224.3; 1994, c. 21, s. 102. Seizure of goods, chattels or movable property Sale of seized property Notice of sale Exemptions from seizure [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 225; 2013, c. 34, s. 163. --- Impôt sur le revenu
Recouvrement
personne donnée que les fonds autrement restituables au débiteur fiscal soient en totalité ou en partie remis au receveur général au titre de l’obligation du débiteur fiscal existant en vertu de la présente loi ou de la loi de la province, selon le cas. Réception du ministre
Le récépissé du ministre relatif à des fonds remis, comme l’exige le présent article, constitue une quittance valable et suffisante de l’obligation de restituer ces fonds au débiteur fiscal jusqu’à concurrence du montant remis. [NOTE: Les dispositions d’application ne sont pas incluses dans le présent texte codifié; voir les lois modificatives et règlements pertinents.] L.R., 1985, ch. 1 (5e suppl.), art. 224.3; 1994, ch. 21, art. 102. Saisie de biens meubles ou personnels 225 (1) Lorsqu’une personne n’a pas payé un montant exigé en vertu de la présente loi, le ministre peut lui donner un avis au moins 30 jours avant qu’il procède, par lettre recommandée à la dernière adresse connue de la personne, de son intention d’ordonner la saisie et la vente des biens meubles ou personnels de cette personne; si, au terme des 30 jours, la personne en cause ne fait pas de paiement, le ministre peut établir un certificat de défaut et ordonner la saisie des biens meubles ou personnels. Vente des biens saisis
Les biens saisis sous le régime du présent article sont gardés pendant 10 jours aux frais et dépens du propriétaire, et si ce dernier ne paie pas le montant dû ainsi que les frais et dépenses dans les 10 jours, les biens saisis sont vendus à l’enchère publique. Préavis de la vente
Sauf dans le cas d’articles périssables, un préavis raisonnable de cette vente, indiquant le moment et le lieu de la vente, ainsi qu’une description générale des biens à vendre, doit être publié au moins une fois dans un ou plusieurs journaux diffusés dans la région. Remise de l’excédent au propriétaire
Tout excédent qui provient de la vente, déduction faite de la somme due et des frais et dépens, doit être payé ou remis au propriétaire des biens. Insaisissabilité
Les biens meubles ou personnels de toute personne en défaut qui seraient insaisissables malgré un bref d’exécution délivré par une cour supérieure de la province où la saisie est faite sont insaisissables en vertu du présent article. [NOTE: Les dispositions d’application ne sont pas incluses dans le présent texte codifié; voir les lois modificatives et règlements pertinents.] L.R., 1985, ch. 1 (5e suppl.), art. 225; 2013, ch. 34, art. 163. Collection restrictions (a) commence legal proceedings in a court, (d) require an institution or a person to make a payment under subsection 224(1.1), (e) [Repealed, 2006, c. 4, s. 166] (f) require a person to turn over moneys under subsection 224.3(1), or Collection-commencement day Restrictions au recouvrement
a) entamer une poursuite devant un tribunal; b) attester le montant, conformément à l’article 223; c) obliger une personne à faire un paiement, conformément au paragraphe 224(1); d) obliger une institution ou une personne visée au paragraphe 224(1.1) à faire un paiement, conformément à ce paragraphe; e) [Abrogé, 2006, ch. 4, art. 166] f) obliger une personne à remettre des fonds, conformément au paragraphe 224.3(1); g) donner un avis, délivrer un certificat ou donner un ordre, conformément au paragraphe 225(1). Jour du début du recouvrement (1.1) Le jour du début du recouvrement d’un montant correspond : a) dans le cas du montant d’une cotisation établie en vertu du paragraphe 188.1(1) relativement à un avis d’intention de révoquer l’enregistrement délivré en vertu du paragraphe 168(1) ou l’un des paragraphes 149.1(2) à (4.1), un an après la date de mise à la poste de l’avis d’intention; b) dans le cas du montant d’une cotisation établie en vertu de l’article 188.1, un an après la date d’envoi de l’avis de cotisation; b.1) dans le cas d’un montant payable en vertu de l’un des paragraphes 211.92(2) à (5), relativement à la date d’envoi de l’avis de cotisation : (i) pour le cinquième du montant, un an après cette date, Income Tax Collection
Idem Idem Idem Impôt sur le revenu
Recouvrement
(ii) pour les deux cinquièmes du montant, deux années après cette date, (iii) pour les trois cinquièmes du montant, trois années après cette date, (iv) pour les quatre cinquièmes du montant, quatre années après cette date, (v) pour la totalité du montant, cinq années après cette date; c) dans les autres cas, 90 jours suivant la date d’envoi de l’avis de cotisation.
Dans le cas où un contribuable signifie en vertu de la présente loi un avis d’opposition à une cotisation pour un montant payable en vertu de cette loi, le ministre, pour recouvrer la somme en litige, ne peut prendre aucune des mesures visées aux alinéas (1)a) à g) avant le quatre-vingt-onzième jour suivant la date d’envoi d’un avis au contribuable que le ministre lui confirme ou modifie la cotisation. Idem
Dans le cas où un contribuable en appelle d’une cotisation pour un montant payable en vertu de la présente loi, auprès de la Cour canadienne de l’impôt, le ministre, pour recouvrer la somme en litige, ne peut prendre aucune des mesures visées aux alinéas (1)a) à g) avant la date de mise à la poste au contribuable d’une copie de la décision de la cour ou la date où le contribuable se désiste de l’appel si celle-ci est antérieure. Idem
Dans le cas où un contribuable convient de faire statuer conformément au paragraphe 173(1) la Cour canadienne de l’impôt sur une question ou qu’il est signifié au contribuable copie d’une demande présentée conformément au paragraphe 174(1) devant la Cour canadienne de l’impôt pour qu’elle statue sur une question, le ministre, pour recouvrer la partie du montant d’une cotisation dont le contribuable pourrait être redevable selon ce que la cour statuera, ne peut prendre aucune des mesures visées aux alinéas (1)a) à g) avant la date où la cour statue sur la question. Idem
Malgré les autres dispositions du présent article, lorsqu’un contribuable signifie, conformément à la présente loi, un avis d’opposition à une cotisation ou en appelle d’une cotisation devant la Cour canadienne de l’impôt et qu’il convient par écrit avec le ministre de retarder la procédure d’opposition ou la procédure d’appel jusqu’à Where ss. (1) to (4) do not apply
Subsections (1) to (4) do not apply with respect to (a) an amount payable under Part VIII; (e) any interest payable under a provision of this Act on an amount referred to in this paragraph or any of paragraphs (a) to (d). One-half collection ce que la Cour canadienne de l’impôt, la Cour d’appel fédérale ou la Cour suprême du Canada rende jugement dans une autre action qui soulève la même question, ou essentiellement la même, que celle soulevée dans l’opposition ou l’appel par le contribuable, le ministre peut prendre les mesures visées aux alinéas (1)a) à g) pour recouvrer tout ou partie du montant de la cotisation établi de la façon envisagée par le jugement rendu dans cette autre action, à tout moment après que le ministre a avisé le contribuable par écrit que, selon le cas : a) le jugement de la Cour canadienne de l’impôt dans l’action a été posté au ministre; b) la Cour d’appel fédérale a rendu jugement dans l’action; c) la Cour suprême du Canada a rendu jugement dans l’action. Non-application des par. (1) à (4)
Les paragraphes (1) à (4) ne s’appliquent pas : a) aux montants payables en application de la partie VIII; a.1) aux sommes à verser en application de l’article 281; b) aux montants à déduire ou à retenir, et à remettre ou à payer, en application de la présente loi ou de son règlement; c) à l’impôt à payer en application de l’article 116 ou d’un règlement d’application du paragraphe 215(4) et qui n’a pas encore été payé; d) aux pénalités payables pour défaut de remettre ou de payer un montant visé à l’alinéa b) ou c) de la manière et dans le délai prévus à la présente loi ou à son règlement; e) aux intérêts payables en application de la présente loi sur l’un des montants visés au présent alinéa ou aux alinéas a) à d). Recouvrement — moitié de somme
Lorsqu’une cotisation est établie en vertu de la présente loi relativement à une société pour une année d’imposition au cours de laquelle elle est une grande société ou relativement à une somme qui était déduite en application des articles 110.1 ou 118.1 et qui a été demandée relativement à un abri fiscal, les paragraphes (1) à (4) n’ont NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations. R.S., 1985, c. 1 (5th Supp.), s. 225; 1994, c. 7, Sch. II, s. 186; SOR/95-113, s. 1; 2001, c. 25, s. 92; 2001, c. 17, s. 175; 2006, c. 4, s. 49; 2006, c. 4, ss. 85, 86(E), 2010, c. 25, s. 86; 2016, c. 12, s. 39; 2016, c. 12, s. 80; 2024, c. 15, s. 62. pas pour effet de limiter les mesures que le ministre peut prendre pour recouvrer : a) à tout moment jusqu’au quatre-vingt-dixième jour suivant la date d’envoi de l’avis de cotisation, la moitié du montant de la cotisation ainsi établi; b) à tout moment après le 90e jour suivant la date de mise à la poste de l’avis de cotisation, l’excédent éventuel du montant de la cotisation ainsi établi sur le total des montants suivants : (i) les montants recouvrés avant ce moment relativement à la cotisation, (ii) la moitié de la somme en litige à ce moment. Définition de grande société
Pour l’application du présent article et de l’article 235, une société, sauf celle visée au paragraphe 181.1(3), est une grande société au cours d’une année d’imposition donnée si le total de la capital imposable utilisé au Canada, à la fin de cette année, et du capital imposable utilisé au Canada de toute autre société, à la fin de la dernière année d’imposition de celle-ci terminant au plus tard à la fin de l’année donnée, excède 10 000 000 $. Pour l’application du présent paragraphe, la société issue de la fusion ou de l’unification de plusieurs sociétés remplacées est réputée être la même société que chacune de ces sociétés et en être la continuation. NOTE : Les dispositions d’application ne sont pas incluses dans le présent codification; voir les lois et règlements modificatifs appropriés. L.R. (1985), ch. 1 (5e suppl.), art. 225; 1994, ch. 7, ann. II, art. 186; DORS/95-113, art. 1; 2001, ch. 25, art. 92; 2001, ch. 17, art. 175; 2006, ch. 4, art. 49; 2006, ch. 4, art. 85 et 86(A); 2010, ch. 25, art. 86; 2016, ch. 12, art. 39; 2016, ch. 12, art. 80; 2024, ch. 15, art. 62. Définition de juge
Recouvrement compromis
Malgré l’article 225.1, sur requête ex parte du ministre, le juge saisi autorise le ministre à prendre immédiatement des mesures visées aux alinéas 225.1(1)a) à 225.1(1)g) à l’égard du montant d’une cotisation établie relativement à un contribuable, aux conditions qu’il estime raisonnables dans les circonstances, s’il est convaincu qu’il existe des motifs raisonnables de croire que l’exercice d’un délai pour payer le montant compromettrait le recouvrement de tout ou partie de ce montant. Affidavits Disposition of application Directions Seizure in case of default of payment [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 226; 1994, c. 7, Sch. II, s. 188; 2013, c. 34, s. 164. Withholding taxes Failure to file return Extension of trust Application to Crown Majesté, selon les modalités et dans le délai prévus par la présente loi, d’un montant qu’une personne est réputée par le paragraphe (4) détenir en fiducie pour Sa Majesté, les biens de la personne, et les biens détenus par son créancier garanti au sens du paragraphe 224(1.3) qui, en l’absence d’une garantie au sens du même paragraphe, seraient ceux de la personne, d’une valeur égale à ce montant sont réputés : a) être détenus en fiducie pour Sa Majesté, à compter du moment où le montant est déduit ou retenu, séparés des propres biens de la personne, qu’ils soient ou non assujettis à une telle garantie, b) ne pas faire partie du patrimoine ou des biens de la personne à compter du moment où le montant est déduit ou retenu, que ces biens aient été ou non tenus séparés de ses propres biens ou de son patrimoine et qu’ils soient ou non assujettis à une telle garantie. Ces biens sont des biens dans lesquels Sa Majesté a un droit de bénéficiaire malgré toute autre garantie sur ces biens ou sur le produit en découlant, et le produit découlant de ces biens est payé au receveur général par priorité sur une telle garantie. Sens de garantie (4.2) Pour l’application des paragraphes (4) et (4.1), n’est pas une garantie celle qui est visée par règlement. Application à Sa Majesté (4.3) Il est entendu que les paragraphes (4) à (4.2) s’appliquent à Sa Majesté du chef du Canada ou d’une province lorsqu’elle est un créancier garanti, au sens du paragraphe 224(1.3), ou détient une garantie, au sens de ce paragraphe. Paiements par le fiduciaire, etc.
La personne déterminée, quant à une autre personne (appelée « payeur » au présent paragraphe), qui a une influence directe ou indirecte sur les déboursés, les biens, l’entreprise ou la succession du payeur et qui, seule ou avec quelqu’un d’autre, fait en sorte qu’un paiement visé aux paragraphes 135(3), 135.1(7) ou 153(1), ou sur lequel ou relativement auquel un impôt est payable en vertu des parties XII.5 ou XIII, soit effectué par le payeur ou pour son compte, ou autorise un tel paiement : a) est réputée, pour l’application des paragraphes 135(3) et 153(1), de l’article 215 et du présent article, être une personne qui a effectué le paiement; Definition of specified person (a) a trustee; (b) a liquidator; (d) an interim receiver; (g) an assignee; (i) an executor, a liquidator of a succession or an administrator; (l) an agent of a specified person referred to in any of paragraphs 227(5.1)(a) to 227(5.1)(k). la succession de celui-ci, ou pour fournir des conseils à leur égard, dans des circonstances telles qu’il est raisonnable de conclure que la personne est nommée pour protéger ou promouvoir les intérêts du créancier; l) le mandataire d’une personne visée à l’un des alinéas a) à k). Société de personnes (5.2) Pour l’application du présent article, les mentions de personne, aux paragraphes (5) et (5.1), comprennent les sociétés de personnes. Restitution ou application de l’excédent
Lorsqu’une personne pour le compte de qui un montant a été versé au receveur général en vertu des parties XII.5 ou XIII n’était pas redevable d’un impôt en vertu de cette partie, ou que le montant ainsi versé excède l’impôt dont elle était redevable, le ministre doit, sur demande écrite faite au plus tard deux ans suivant la fin de l’année civile où le montant a été versé, payer à cette personne le montant ainsi versé ou la partie de ce montant dont elle n’était pas redevable, à moins qu’elle ne soit tenue ou sur le point de l’être, d’acquitter une somme envers Sa Majesté du chef du Canada, auquel cas le ministre peut appliquer le montant autrement payable selon le présent paragraphe à ce paiement et avise la personne en conséquence. Remboursement d’un emprunt à un actionnaire non-résident (6.1) Dans le cas où une personne pour le compte de qui un montant a été versé au receveur général en vertu de la partie XIII par l’effet du paragraphe 15(2) et de l’alinéa 214(3)a) rembourse tout ou partie de l’emprunt ou de l’endettement contracté d’une société ou d’une société de personnes — lequel remboursement, selon ce qui est établi à partir d’événements subséquents ou autrement, ne fait pas partie d’une série de prêts ou d’autres opérations et remboursements —, le ministre doit, sur demande écrite faite au plus tard deux ans suivant la fin de l’année civile où le remboursement est effectué, payer à la personne le moins élevé des montants suivants : a) le montant ainsi versé au receveur général au titre de l’emprunt ou de la dette; b) le montant qui serait payable au receveur général en vertu de la partie XIII si un dividende visé à l’alinéa 212(2)a) — d’un montant égal au montant remboursé au titre de l’emprunt ou de la dette — était versé par la société ou la société de personnes à la personne au moment du remboursement. Hybrid mismatch adjustment Toutefois, si la personne est tenue de faire un paiement à Sa Majesté du chef du Canada, ou est sur le point de l’être, le ministre peut appliquer le montant par ailleurs payable selon le présent paragraphe à ce paiement et aviser la personne en conséquence. Opérations de transfert de sociétés étrangères affiliées — formulaire en retard (6.2) Si, relativement à un placement visé au paragraphe 212.3(10), une société est réputée, par l’effet du sous-alinéa 212.3(7)d)(ii), verser un dividende et qu’elle remplit par la suite les exigences énoncées au sous-alinéa 212.3(7)d)(i) relativement au placement : a) sous réserve de l’alinéa b), le ministre doit, sur demande écrite faite à une date donnée qui est au plus tard deux ans après la date de production du formulaire visé au sous-alinéa 212.3(7)d)(i), payer à la société la moins élevée des sommes suivantes : (i) le total des sommes, le cas échéant, versées au receveur général, au plus tard à la date donnée, pour le compte d’une personne et au titre d’une somme à payer par la personne relativement au dividende en vertu de la partie XIII, (ii) la somme dont la personne était redevable relativement au dividende en vertu de la partie XIII; b) si la société ou personne est, ou est sur le point de devenir, redevable d’une somme donnée à Sa Majesté du chef du Canada, le ministre peut imputer à la société ou personne une application de la somme née a) à la somme donnée et en aviser la société et, le cas échéant, la personne; c) pour l’application de la présente partie (sauf le sous-alinéa a)(ii)), si la somme visée au sous-alinéa a)(ii) excède celle visée au sous-alinéa a)(i), la société est réputée verser l’excédent au receveur général à la date de production du formulaire visé au sous-alinéa 212.3(7)d)(i). Ajustement des dispositifs hybrides (6.3) Si, relativement à un paiement (au sens du paragraphe 18.4(1)) se produisant en vertu ou dans le cadre d’un dispositif hybride (au sens de ce paragraphe), un montant a été versé au receveur général en vertu de la partie XIII pour le compte d’une personne du fait qu’une somme est réputée lui avoir été payée par une société sous forme de dividende en vertu du paragraphe 214(18) et qu’une déduction est permise au titre du paiement ou d’une partie de celui-ci, selon le cas, en application de l’alinéa 20(1)yy), les règles suivantes s’appliquent : A – B where a) sous réserve de l’alinéa b), le ministre doit, sur demande écrite faite au plus tard deux ans après le jour où la cotisation est établie relativement à l’application de l’alinéa 20(1)(yy), payer à cette personne la somme déterminée par la formule suivante : A – B où : A représente la moins élevée des sommes suivantes : (i) le total des sommes, le cas échéant, versées au receveur général, au plus tard le jour où la demande écrite a été faite, au nom de la personne et au titre d’une somme à payer par la personne relativement au paiement ou à une partie de celui-ci, selon le cas, en vertu de la partie XIII, (ii) la somme qui serait payable au receveur général en vertu de la partie XIII si une somme égale au montant déductible en application de l’alinéa 20(1)(yy) était payée par la société à la personne à titre de dividende à l’alinéa 212(2)a) à la fin de l’année d’imposition dans laquelle le montant est déductible en vertu de l’alinéa 20(1)(yy); B la somme qui serait payable au receveur général en vertu de la partie XIII en l’absence du paragraphe 214(18) si une somme égale au montant déductible en application de l’alinéa 20(1)(yy) avait été payée à la personne, ou portée à son crédit, par la société à titre d’intérêts à la fin de l’année d’imposition dans laquelle le montant est déductible en vertu de l’alinéa 20(1)(yy); b) si la personne est tenue de faire un paiement à Sa Majesté du chef du Canada, ou est sur le point de l’être, le ministre peut appliquer le montant par ailleurs payable selon l’alinéa a) à ce paiement et aviser la personne en conséquence. Demande de cotisation
Le ministre établit une cotisation pour tout montant payable par une personne en vertu des parties XII.5 ou XIII et lui envoie un avis de cotisation si, après étude d’une demande faite par la personne, ou en son nom, en application du paragraphe (6), relativement à un montant versé au receveur général en vertu de cette partie, il n’est pas convaincu : a) soit que la personne n’était pas redevable d’un impôt en vertu de cette partie; b) soit que le montant versé au receveur général excédait l’impôt dont la personne était redevable. Penalty Income Tax Collection
--- Impôt sur le revenu
Recouvrement
b) d’autre part, un montant d’impôt payable par le dépositaire en application de la partie XI.3. Intérêts sur les montants non déduits ou non retenus (8.3) La personne qui ne déduit pas ou ne retient pas un montant conformément aux paragraphes 135(3), 135.1(7), 153(1) ou 211.8(2) ou à l’article 215 doit payer au receveur général des intérêts sur ce montant calculés au taux prescrit : a) s’il s’agit d’un montant à déduire ou à retenir sur un paiement à une autre personne en application du paragraphe 153(1), pour la période commençant le quinzième jour du mois qui suit le mois au cours duquel le montant aurait dû être déduit ou retenu, ou toute date antérieure qui peut être fixée par règlement pour l’application du paragraphe 153(1), et : (i) le jour du paiement du montant au receveur général, si cette autre personne ne réside pas au Canada, (ii) au premier en date du jour du paiement du montant au receveur général et du 30 avril de l’année qui suit celle où l’année au cours de laquelle le montant aurait dû être déduit ou retenu, si cette autre personne réside au Canada; b) s’il s’agit d’un montant visé aux paragraphes 135(3) ou 135.1(7) ou à l’article 215, pour la période commençant le jour où le montant aurait dû être déduit ou retenu et se terminant le jour de son paiement au receveur général; c) s’il s’agit d’un montant à retenir conformément au paragraphe 211.8(2), pour la période commençant à la date limite de versement du montant au receveur général et se terminant le jour de son versement. Obligation de payer un montant non déduit ou non retenu (8.4) La personne qui ne déduit pas ou ne retient pas un montant conformément soit aux paragraphes 135(3) ou 135.1(7) sur un paiement fait à une autre personne, soit au paragraphe 153(1) sur un montant payé à une autre personne qui ne réside pas au Canada ou qui n’y réside que par application de l’alinéa 250(1)a), est tenue de payer, en vertu de la présente loi, la totalité du montant qui aurait dû être déduit ou retenu à titre d’impôt et revient de ce fait à cette autre personne, à titre d’impôt en vertu de la présente loi, et est en droit de déduire ou de retenir ce montant sur tout montant payé à cette autre personne ou porté à son crédit, ou de le recouvrer autrement de cette autre personne. No penalty — certain deemed payments Penalty (a) subject to paragraph (b), if Aucune pénalité sur certains paiements réputés (8.5) Le paragraphe (8) ne s’applique pas à une société relativement aux sommes suivantes : a) un montant d’intérêts qui est réputé, en vertu du paragraphe 214(16), avoir été payé par la société à titre de dividende, sauf dans le cas où ce montant aurait été assujetti à la pénalité prévue au paragraphe (8) en l’absence du paragraphe 214(16); b) toute somme qui est réputée, en vertu du sous-alinéa 212.3(7)d)(ii) ou du paragraphe 247(12), avoir été versée à titre de dividende par la société. Aucune pénalité — employeur non-résident admissible (8.6) Le paragraphe (8) ne s’applique pas à un employeur non-résident admissible, au sens du paragraphe 153(6), relativement à un paiement versé à un employé si, après enquête sérieuse, l’employeur n’avait aucune raison de croire, au moment de verser la somme, que l’employé n’était pas un employé non-résident admissible, au sens du paragraphe 153(6). Défaut de remettre une retenue à la source
Sous réserve du paragraphe (9.5), toute personne qui ne remet pas ou ne paye pas au cours d’une année civile, de la manière et dans le délai prévus à la présente loi ou à son règlement, un montant déduit ou retenu conformément à la présente loi ou à son règlement ou un montant d’impôt qu’elle doit payer conformément à l’article 116 ou à une disposition réglementaire prise en application du paragraphe 215(4) est passible d’une pénalité : a) soit, sous réserve de l’alinéa b) : (i) si le receveur général reçoit ce montant au plus tard à la date où il est exigible, mais que le montant n’est pas payé de la manière prévue, de 3 % du montant, (ii) si le receveur général reçoit ce montant : (A) au plus trois jours après la date où il est exigible, de 3 % du montant, (B) plus de trois jours mais au plus cinq jours après la date où il est exigible, de 5 % du montant, (C) plus de cinq jours mais au plus sept jours après la date où il est exigible, de 7 % du montant, (iii) si le montant n’est pas payé ou remis au plus tard le septième jour après la date où il est exigible, de 10 % du montant; Penalty (iii) si ce montant n’est pas payé ou remis au plus tard le septième jour suivant la date où il est exigible, de 10 % du montant; b) soit de 20 % du montant qui aurait dû être remis ou payé au cours de l’année si, au moment du défaut, une pénalité en application du présent paragraphe était payable par la personne et si le défaut a été commis sciemment ou dans des circonstances équivalant à faute lourde. (9.1) Malgré les autres dispositions de la présente loi et tout autre texte législatif fédéral ou provincial et toute règle de droit, la pénalité pour défaut d’une personne de remettre un montant qu’elle devait au plus tard remettre à une date fixée conformément au paragraphe 153(1), au paragraphe 21(1) du Régime de pensions du Canada et au paragraphe 82(1) de la Loi sur l’assurance-emploi ne s’applique qu’à l’excédent, sur 500 $, du total des montants que cette personne devait ainsi remettre à cette date. Le présent paragraphe ne s’applique pas si la personne tenue de remettre le montant a, sciemment ou dans des circonstances équivalant à faute lourde, tardé à remettre le montant ou remis un montant inférieur à celui qu’elle devait remettre. Intérêts sur les montants déduits ou retenus mais non remis (9.2) La personne qui ne remet pas, de la manière et dans le délai prévus à la présente loi ou à son règlement, un montant déduit ou retenu conformément à la présente loi ou à son règlement paye au receveur général des intérêts sur ce montant calculés au taux prescrit pour la période commençant le jour où elle était tenue de le remettre et se terminant le jour de la remise du montant au receveur général. Intérêts sur l’impôt impayé (9.3) La personne qui ne paie pas, de la manière et dans le délai prévus, un montant d’impôt qu’elle devait payer conformément à l’article 116, au paragraphe 212(19) ou à une disposition réglementaire prise en application du paragraphe 215(4) est tenue de verser au receveur général des intérêts sur ce montant calculés au taux prescrit pour la période commençant le jour où elle était tenue de le payer et se terminant le jour du versement du montant au receveur général. Obligation de payer un montant non remis (9.4) La personne qui ne remet pas, de la manière et dans le délai prévus à la présente loi ou à son règlement, un montant déduit ou retenu d’un paiement fait à une autre personne conformément à la présente loi ou à son règlement est tenue de payer, au nom de cette autre personne, Income Tax Collection
(a) subsection 227(8), 227(8.1), 227(8.2), 227(8.3) or 227(8.4) or 224(4) or 224(4.1) or section 227.1 or 235 by a person, or (d) Part XIII by a person resident in Canada, Part XII.5 Idem (a) any amount payable under section 116 or subsection 227(9), 227(9.2), 227(9.3) or 227(9.4) by any person, (a.1) [Repealed, 1997, c. 25, s. 67(7)] Impôt sur le revenu
Recouvrement
Paiement du même établissement (9.5) Pour l’application des alinéas (8)b) et (9)b) aux montants à déduire ou à retenir en application de l’alinéa 153(1)a), chaque établissement d’une personne est réputé être une personne distincte. Cotisation
Le ministre peut, en tout temps, établir une cotisation pour les montants suivants : a) un montant payable par une personne en vertu des paragraphes (8), (8.1), (8.2), (8.3) ou (8.4) ou 224(4) ou (4.1) ou des articles 227.1 ou 235; b) un montant payable par une personne ou une société de personnes en vertu des paragraphes 237.1(7.4) ou (7.5), 237.3(8), 237.4(12) ou 237.5(5); c) un montant payable par une personne en vertu du paragraphe (10.2) pour défaut par une personne non-résidente d’effectuer une déduction ou une retenue; d) un montant payable en vertu de la partie XIII par une personne qui réside au Canada. Les sections I et J de la partie I s’appliquent, avec les modifications nécessaires, à tout avis de cotisation que le ministre envoie à la personne ou à la société de personnes.
(10.01) Le ministre peut, en tout temps, établir une cotisation à l’égard d’une personne résidant au Canada pour tout montant payable en vertu de la partie XII.5. Les sections I et J de la partie I s’appliquent, avec les adaptations nécessaires, à tout avis de cotisation que le ministre envoie à la personne. Cotisation (10.1) Le ministre peut, en tout temps, établir une cotisation : a) pour un montant payable par une personne en vertu de l’article 116 ou des paragraphes (9), (9.2), (9.3) ou (9.4); a.1) [Abrogé, 1997, ch. 25, art. 67(7)] b) pour un montant payable par une personne en vertu du paragraphe (10.2) pour défaut par une personne non-résidente de remettre un montant; c) pour un montant payable par une personne non-résidente en vertu des parties XII.5 ou XIII. (10.3) to (10.9) [Repealed, 1994, c. 7, Sch. VIII, s. 153] Withholding tax Agreement not to deduct void Minister’s receipt discharges debtor --- Si le ministre envoie un avis de cotisation à la personne, les articles 150 à 163, les paragraphes 164(1) et (1.4) à (7), les articles 164.1 à 167 et la section J de la partie I s’appliquent, avec les adaptations nécessaires. Solidarité — cotisations à une convention de retraite (10.2) Lorsqu’une personne non-résidente omet de déduire, de retenir ou de verser un montant conformément au paragraphe 153(1) relativement à une cotisation versée dans le cadre d’une convention de retraite pour le compte des employés ou des anciens employés d’un employeur avec lequel elle n’a aucun lien de dépendance, l’employeur est solidairement tenu avec la personne non-résidente de payer un montant payable par celle-ci en vertu des paragraphes (8), (8.2), (8.3), (9), (9.2) ou (9.4) relativement à la cotisation. (10.3) à (10.9) [Abrogés, 1994, ch. 7, ann. VIII, art. 153] Retenue d’impôt
Les dispositions de la présente loi exigeant qu’une personne déduise ou retienne un montant à l’égard de l’impôt, sur des montants payables à un contribuable, s’appliquent à Sa Majesté du chef du Canada ou d’une province. Nullité des conventions prévoyant la non-retenue
Lorsque la présente loi exige qu’un montant soit déduit ou retenu, une convention prévoyant qu’il ne sera pas déduit ni retenu conclue par la personne à qui cette obligation est imposée est nulle. Récepissé du ministre constituant quittance
Le récepissé du ministre pour un montant déduit ou retenu par une personne, comme l’exige la présente loi, est une libération bonne et suffisante de l’obligation de tout débiteur envers son créancier à cet égard jusqu’à concurrence du montant mentionné dans le récepissé. Inapplication des parties IV, IV.1 et VI.1
Les parties IV, IV.1, VI et VI.1 ne s’appliquent pas à une société pour une période tout au long de laquelle elle est exonérée d’impôt en application de l’article 149. Société de personnes assimilée à une personne
Au présent article, la mention d’une personne relativement à un montant déduit ou retenu ou à déduire ou à retenir vaut également mention d’une société de personnes. NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations. R.S., 1985, c. 1 (5th Supp.), s. 227; 1994, c. 7, Sch. II, s. 186; 1995, c. 49, s. 9; Sch. VIII, s. 123; 1998, c. 21, s. 101; 1999, c. 22, s. 76; 1999, c. 26, s. 67; 1999, c. 31, s. 226; 2000, c. 12, s. 138; 2001, c. 17, ss. 58, 70, 229; 2006, c. 4, s. 86; 2008, c. 28, s. 33; 2012, c. 19, s. 14, c. 31, s. 432; 2013, c. 34, ss. 165(1), 351; 2014, c. 39, s. 88; 2016, c. 7, ss. 46, 229; c. 24, ss. 66, 252; c. 15, ss. 63; 2023, c. 17, s. 70. Exclusion d’une administration municipale ou provinciale
La société qui, au cours d’une année d’imposition, serait une société visée à l’un des alinéas 149(1)(d) à (d.6) si ce n’était une disposition d’une loi de crédits est réputée ne pas être une société privée pour l’application de la partie IV relativement à l’année. NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir lois et règlements modificatifs appropriés. L.R. (1985), ch. 1 (5e suppl.), art. 227; 1994, ch. 7, ann. II, art. 186; 1995, ch. 49, art. 9; ann. VIII, art. 123; 1998, ch. 21, art. 101; 1999, ch. 22, art. 76; 1999, ch. 26, art. 67; 1999, ch. 31, art. 226; 2000, ch. 12, art. 138; 2001, ch. 17, art. 58, 70, 229; 2006, ch. 4, art. 86; 2008, ch. 28, art. 33; 2012, ch. 19, art. 14, ch. 31, art. 432; 2013, ch. 34, par. 165(1), art. 351; 2014, ch. 39, art. 88; 2016, ch. 7, par. 46, 229; ch. 24, par. 66, 252; ch. 15, par. 63; 2023, ch. 17, art. 70. Responsabilité des administrateurs pour défaut d’effectuer les retenues
Restrictions relatives à la responsabilité
Un administrateur n’encourt la responsabilité prévue au paragraphe (1) que dans l’un ou l’autre des cas suivants : a) un certificat précisant la somme pour laquelle la société est responsable selon ce paragraphe a été enregistré à la Cour fédérale en application de l’article 223 et il y a eu défaut d’exécution totale ou partielle à l’égard de cette somme; b) la société a engagé des procédures de liquidation ou de dissolution ou elle a fait l’objet d’une dissolution et l’existence de la créance à l’égard de laquelle elle est responsable en vertu de ce paragraphe a été établie dans les six mois suivant le premier en date du début des procédures ou de la dissolution; c) la société a fait une cession ou une ordonnance de faillite a été rendue contre elle en vertu de la Loi sur la faillite et l’insolvabilité et l’existence de la créance à l’égard de laquelle elle encourt la responsabilité en vertu de ce paragraphe a été établie dans les six mois suivant la date de la cession ou de l’ordonnance de faillite. Idem Limitation period Preference Contribution [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 227.1; 1994, c. 7, Sch. V, s. 90; 2000, c. 25, s. 202; 2006, c. 4, s. 47. Income Tax Collection Sections 228-230 Repeal of s. 229 Impôt sur le revenu
Recouvrement
impôt que jusqu’à concurrence de la partie du paiement ainsi imputé, même si le contribuable a donné instruction que le paiement soit imputé d’une autre manière que celle que prévoit l’accord de perception ou qu’il n’ait donné aucune instruction quant à l’imputation du paiement. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1970-71-72, ch. 63, art. 1"228"; 1985, ch. 45, art. 118. Abrogation de l’art. 229
Entrée en vigueur
Le paragraphe 229.1(1) entre en vigueur à la date fixée par proclamation. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1986, ch. 6, art. 119. Généralités Livres de comptes et registres 230 (1) Quiconque exploite une entreprise et quiconque est obligé, par ou selon la présente loi, de payer ou de percevoir des impôts et autres montants doit tenir des livres de comptes et registres (y compris un inventaire annuel établi de la manière prescrite, s’il y a lieu) à l’endroit où se trouve son lieu d’affaires ou de résidence au Canada ou à tout autre lieu que le ministre peut désigner, dans la forme et renfermant les renseignements qui permettent d’établir le montant des impôts payables en vertu de la présente loi, ou des impôts ou autres montants qui auraient dû être déduits, retenus ou perçus. Livres de comptes et registres
Chaque donataire reconnu visé aux alinéas a) à c) de la définition de donataire reconnu au paragraphe 149.1(1) doit tenir des registres et des livres de comptes — à une adresse au Canada enregistrée auprès du ministre ou désignée par lui, s’il s’agit d’un donataire reconnu visé aux sous-alinéas a)(i) ou (iii) ou aux alinéas b), b.1) ou c) de cette définition — qui contiennent ce qui suit : a) des renseignements sous une forme qui permet au ministre de déterminer s’il existe des motifs de révocation de l’enregistrement de l’organisme ou de l’association en vertu de la présente loi; b) un double de chaque reçu, renfermant les renseignements prescrits, visant les dons reçus par l’organisme ou l’association; c) d’autres renseignements sous une forme qui permet au ministre de vérifier les dons faits à l’organisme ou l’association pour lesquels une déduction ou un crédit d’impôt est disponible en vertu de la présente loi. Electronic records Exemptions Exception where no return filed Idem, avocats (2.1) Il est entendu que les registres et les livres de comptes qui doivent, en vertu du paragraphe (1), être tenus par une personne exploitant une entreprise consistant dans l’exercice de la profession d’avocat (au sens du paragraphe 232(1)) en société de personnes ou autrement comprennent tous les registres comptables de l’avocat, y compris les pièces justificatives et les chèques. Ordre du ministre quant à la tenue de registres
Le ministre peut exiger de la personne qui n’a pas tenu les registres et livres de compte voulus pour l’application de la présente loi qu’elle tienne ceux qu’il spécifie. Dès lors, la personne doit tenir les registres et livres de compte qui sont ainsi exigés d’elle. Durée de conservation
Quiconque est requis, sous le régime du présent article, de tenir des registres et livres de comptes doit conserver a) les registres et livres de comptes, de même que les comptes et pièces justificatives nécessaires à la vérification des renseignements contenus dans ces registres et livres de comptes, dont les règlements prévoient la conservation pour une période déterminée; b) tous les autres registres et livres de comptes mentionnés au présent article de même que les comptes et pièces justificatives nécessaires à la vérification des renseignements contenus dans ces registres et livres de comptes pendant les six ans qui suivent la fin de la dernière année d’imposition à laquelle les documents se rapportent. Registres électroniques (4.1) Quiconque tient des registres, comme l’en oblige le présent article, par voie électronique doit les conserver sous une forme électronique intelligible pendant la durée de conservation visée au paragraphe (4). Dispense (4.2) Le ministre peut, selon des modalités qu’il estime acceptables, dispenser une personne ou une catégorie de personnes de l’exigence visée au paragraphe (4.1). Exception : défaut de production d’une déclaration
La personne visée au paragraphe (1) et qui n’a pas produit auprès du ministre, pour une année d’imposition, la déclaration de revenu prévue par l’article 150, de Exception where objection or appeal Permission for earlier disposal NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 230; 1994, c. 21, s. 105; 1998, c. 19, s. 227; 2011, c. 24, s. 70; 2013, c. 34, s. 352(F); 2019, c. 29, s. 41. la manière et à la date prévues à cet article, doit conserver les registres et livres de comptes exigés par le présent article et qui se rapportent à cette année de même que les comptes et pièces justificatives nécessaires à la vérification des renseignements contenus dans ces registres et livres de comptes pendant les six ans qui suivent la date à laquelle la déclaration de revenu pour cette année est produite auprès du ministre. Exception : opposition ou appel
Une personne tenue par le présent article de tenir des registres et livres de comptes et qui signifie un avis d’opposition ou est partie à un appel devant la Cour canadienne de l’impôt en vertu de la présente loi doit conserver les registres, livres de comptes, comptes et pièces justificatives nécessaires à l’examen de l’opposition ou de l’appel jusqu’à l’expiration du délai d’appel prévu à l’article 169 en cas de signification d’un avis d’opposition, ou, en cas d’appel, jusqu’au prononcé sur l’appel et sur tout autre appel introduit ou jusqu’à l’expiration du délai prévu pour interjeter cet autre appel. Exception : demande du ministre
Le ministre peut exiger de la part de toute personne tenue de tenir des registres et livres de comptes en vertu du présent article, par lettre signifiée à personne ou par lettre recommandée, la conservation des registres et livres de comptes de même que des comptes et pièces justificatives nécessaires à la vérification des renseignements contenus dans ces registres et livres de comptes, pour la période y prévue, lorsqu’il est d’avis que cela est nécessaire pour l’application de la présente loi. Autorisation de se départir plus tôt des documents
Le ministre peut autoriser par écrit une personne à se départir des documents qu’elle doit conserver aux termes du présent article avant la fin de la période fixée sous le régime de celui-ci. NOTE : Les dispositions d’application ne sont pas incluses dans le présent codifié; voir les lois modificatives et règlements appropriés : L.R. (1985), ch. 1 (5e suppl.), art. 230; 1994, ch. 21, art. 105; 1998, ch. 19, art. 227; 2011, ch. 24, art. 70; 2013, ch. 34, art. 352(F); 2019, ch. 29, art. 41. Registres des contributions monétaires : Loi électorale du Canada
Information Return Application of subsections 230(3) to (8)
and (5) [Repealed, 1994, c. 21, s. 106]
and (7) [Repealed, 2003, c. 19, s. 74(1)] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 230.1; 1994, c. 7, Sch. VIII, s. 133, c. 21, s. 106; 2003, c. 19, s. 74; 2014, c. 12, s. 149. Definitions 231 In sections 231.1 to 231.8, 127(3) délivré pour chacune de ces contributions. Les registres sont tenus : a) dans le cas d’un agent, sauf l’agent officiel d’un candidat, à l’adresse figurant dans le registre des partis politiques ou des associations de circonscription, visé par la Loi électorale du Canada; b) dans le cas de l’agent officiel d’un candidat, à l’adresse de l’agent indiquée dans les actes de candidature présentés au directeur du scrutin en vertu de cette loi au moment où le candidat désirait se porter candidat, ou à toute autre adresse désignée par le ministre. Déclaration de renseignements
Tout agent auquel le paragraphe (1) s’applique présente au ministre une déclaration de renseignements sur le formulaire prescrit contenant les renseignements prescrits. La déclaration doit être produite dans le délai fixé par la Loi électorale du Canada pour la production d’un état des opérations financières ou du rapport financier portant sur les campagnes électorales, selon le cas. Application des paragraphes 230(3) à (8)
Les paragraphes 230(3) à (8) s’appliquent, avec les adaptations nécessaires, à la tenue de registres par des agents, exigée aux termes du paragraphe (1).
et (5) [Abrogés, 1994, ch. 21, art. 106]
et (7) [Abrogés, 2003, ch. 19, art. 74(1)] [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 230.1; 1994, ch. 7, ann. VIII, art. 133, ch. 21, art. 106; 2003, ch. 19, art. 74; 2014, ch. 12, art. 149. Définitions 231 Les définitions qui suivent s’appliquent aux articles 231.1 à 231.8. document Sont compris parmi les documents les registres. Y sont assimilés les titres et les espèces. (document) juge Juge d’une cour supérieure compétente de la province où l’affaire prend naissance ou juge de la Cour fédérale. (judge) maison d’habitation Tout ou partie de quelque bâtiment ou construction tenu ou occupé comme résidence permanente ou temporaire, y compris : a) un bâtiment qui se trouve dans la même enceinte qu’une maison d’habitation et qui est relié par une baie de porte ou par un passage couvert et clos; Information gathering (d) require a taxpayer or any other person to give the authorized person all reasonable assistance, to answer all proper questions relating to the administration or enforcement of this Act and
[Repealed, 2022, c. 19, s. 54] Application R.S., 1985, c. 1 (5th Supp.), s. 231.1; 1994, c. 21, s. 107; 2022, c. 19, s. 54. Requirement to provide documents or information (b) any document.
[Abrogé, 2022, ch. 19, art. 54] Mandat d’entrée
Sur requête ex parte du ministre, le juge saisi peut décerner un mandat qui autorise une personne autorisée à pénétrer dans une maison d’habitation aux conditions précisées dans le mandat, s’il est convaincu, sur dénonciation sous serment, de ce qui suit : a) il existe des motifs raisonnables de croire que la maison d’habitation est un lieu mentionné à l’alinéa (1)c); b) il est nécessaire d’y pénétrer pour l’application ou l’exécution de la présente loi; c) un refus d’y pénétrer a été opposé, ou il existe des motifs raisonnables de croire qu’un tel refus sera opposé. Dans la mesure où un refus de pénétrer dans la maison d’habitation a été opposé ou pourrait l’être et où des documents ou biens sont gardés dans la maison d’habitation ou pourraient l’être, le juge qui n’est pas convaincu qu’il est nécessaire de pénétrer dans la maison d’habitation pour l’application ou l’exécution de la présente loi peut rendre toute autre ordonnance indiquée pour l’application de la présente loi. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois d’amendement appropriées.]
R. (1985), ch. 1 (5e suppl.), art. 231.1; 1994, ch. 21, art. 107; 2022, ch. 19, art. 54. Production de documents ou fourniture de renseignements
a) qu’elle fournisse tout renseignement ou tout renseignement supplémentaire, y compris une déclaration de revenu ou une déclaration supplémentaire; b) qu’elle produise des documents. Notice (1.1) A notice referred to in subsection (1) may be Unnamed persons (c) and (d) [Repealed, 1996, c. 21, s. 58(1)]
to (6) [Repealed, 2013, c. 33, s. 21] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 231.2; 1996, c. 21, s. 58; 2000, c. 30, s. 176; 2007, c. 35, s. 83; 2013, c. 33, s. 21; 2014, c. 39, s. 354; 2020, c. 23, s. 85; 2024, c. 17, s. 71.] Search warrant Avis (1.1) L’avis visé au paragraphe (1) peut être : a) soit signifié à personne; b) soit envoyé par courrier recommandé ou certifié; c) soit envoyé par voie électronique à une banque ou une caisse de crédit qui a consenti par écrit à recevoir les avis visés au paragraphe (1) par voie électronique. Personnes non désignées nommément
Le ministre ne peut exiger de quiconque — appelé « tiers » au présent article — la fourniture de renseignements ou la production de documents prévue au paragraphe (1) concernant une ou plusieurs personnes non désignées nommément, sans s’être au préalable autorisé par un juge en vertu du paragraphe (3). Autorisation judiciaire
Sur requête du ministre, un juge de la Cour fédérale peut, aux conditions qu’il estime indiquées, autoriser le ministre à exiger d’un tiers la fourniture de renseignements ou la production de documents prévue au paragraphe (1) concernant une personne non désignée nommément ou plus d’une personne non désignée nommément — appelée « groupe » au présent paragraphe —, s’il est convaincu, sur dénonciation sous serment, de ce qui suit : a) cette personne ou ce groupe est identifiable; b) la fourniture ou la production est exigée pour vérifier si cette personne ou les personnes de ce groupe ont respecté quelque devoir ou obligation prévu par la présente loi; c) et d) [Abrogés, 1996, ch. 21, art. 58(1)]
à (6) [Abrogés, 2013, ch. 33, art. 21] [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés : L.R., 1985, ch. 1 (5e suppl.), art. 231.2; 1996, ch. 21, art. 58; 2000, ch. 30, art. 176; 2007, ch. 35, art. 83; 2013, ch. 33, art. 21; 2014, ch. 39, art. 354; 2020, ch. 23, art. 85; 2024, ch. 17, art. 71.] Requête pour mandat de perquisition
Evidence Contents of warrant Seizure of document Retention of things seized Preuve au soutien de la requête
La requête visée au paragraphe (1) doit être appuyée par une dénonciation sous serment qui expose les faits au soutien de la requête. Preuve
Le juge saisi de la requête peut décerner le mandat mentionné au paragraphe (1) s’il est convaincu qu’il existe des motifs raisonnables de croire ce qui suit : a) une infraction prévue par la présente loi a été commise; b) des documents ou choses qui peuvent constituer des éléments de preuve de la perpétration de l’infraction seront vraisemblablement trouvés; c) le bâtiment, contenant ou endroit précisés dans la requête contient vraisemblablement les documents ou choses. Contenu du mandat
Un mandat décerné en vertu du paragraphe (1) doit indiquer l’infraction pour laquelle il est décerné, ainsi que bâtiment, contenant ou endroit requisitionner ainsi que la personne à qui l’infraction est imputée. Il doit donner suffisamment de précisions sur les documents ou choses à chercher et à saisir. Saisie d’autres documents
Quiconque exécute un mandat décerné en vertu du paragraphe (1) peut saisir, outre les documents ou choses mentionnés à ce paragraphe, tous autres documents ou choses qu’il croit, pour des motifs raisonnables, constituer des éléments de preuve de la perpétration d’une infraction à la présente loi. Il doit, dès que matériellement possible, soit apporter ces documents ou choses au juge qui a décerné le mandat ou, en cas d’incapacité de celui-ci, à un autre juge du même tribunal, soit lui en faire rapport, pour que le juge en dispose conformément au présent article. Rétention des choses saisies
Sous réserve du paragraphe (7), lorsque des documents ou choses saisis en vertu du paragraphe (1) ou (5) sont apportés à un juge ou qu’il en est fait rapport à un juge, ce juge ordonne que le ministre les retienne sauf si celui-ci y renonce. Le ministre qui retient des documents ou choses doit prendre raisonnablement soin pour s’assurer de leur conservation jusqu’à la fin de toute Return of things seized Access and copies [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 231.3; 1994, c. 21, s. 108; 2024, c. 17, s. 352. Video surveillance not authorized Things seized enquête sur l’infraction en rapport avec laquelle les documents ou choses ont été saisis ou jusqu’à ce que leur production soit exigée dans le cadre d’une procédure criminelle. Restitution des choses saisies
Sous réserve de l’article 231.32, le juge à qui des documents ou choses saisis en vertu des paragraphes (1) ou (5) sont apportés ou à qui il en est fait rapport peut, d’office ou sur requête sommaire d’une personne ayant un droit sur ces documents ou choses avec avis au sous-procureur général du Canada trois jours francs avant qu’il y soit procédé, ordonner que ces documents ou choses soient restitués au saisi ou à la personne qui y a légalement droit par ailleurs, s’il est convaincu que ces documents ou choses : a) soit ne seront pas nécessaires à une enquête ou à une procédure criminelle; b) soit n’ont pas été saisis conformément au mandat ou au présent article. Accès aux documents et reproduction
Le saisi a droit, à tout moment raisonnable et sous réserve des conditions raisonnables que peut imposer le ministre, d’examiner les documents ou choses saisis conformément au présent article et d’obtenir reproduction des documents aux frais du ministre en une seule copie. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs applicables.] L.R. (1985), ch. 1 (5e suppl.), art. 231.3; 1994, ch. 21, art. 108; 2024, ch. 17, art. 352. Mandat en vertu du Code criminel
Surveillance vidéo non permise
Le mandat ne peut pas autoriser la surveillance d’une personne au moyen d’une caméra vidéo ou d’un autre dispositif électronique semblable. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs applicables.] 2024, ch. 17, art. 353. Choses saisies
a) en vertu d’un mandat décerné en application du Code criminel; (b) under section 487.11 or 489 of the Criminal Code; or Inquiry b) en vertu des articles 487.11 ou 489 du Code criminel; c) dans l’exercice des fonctions que lui confère la présente loi. Remise des choses saisies et rapports
Si la personne autorisée est convaincue que l’existence des circonstances visées aux sous-alinéas 489.1(1)(a)(ii) et (ii) du Code criminel s’appliquent à l’égard de la chose saisie, elle remet la chose saisie et produit un rapport conformément à l’alinéa 489.1(1)(a) de cette loi dans les plus brefs délais possibles. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs applicables.] 2024, ch. 17, art. 353. Enquête
Nomination d’un président d’enquête
Le ministre, conformément au paragraphe (1), autorise une personne à faire enquête doit immédiatement demander à la Cour canadienne de l’impôt une ordonnance où soit nommé un président d’enquête. Pouvoirs du président d’enquête
Dans le cadre d’une enquête autorisée par le paragraphe (1), le président d’enquête nommé en vertu du paragraphe (2) a les pouvoirs conférés à un commissaire par les articles 4 et 5 de la Loi sur les enquêtes et ceux qui sont susceptibles de l’être par l’article 11 de cette loi. Exercice des pouvoirs du président d’enquête
Le président d’enquête nommé en vertu du paragraphe (2) exerce les pouvoirs conférés à un commissaire par l’article 4 de la Loi sur les enquêtes à l’égard des personnes que la personne autorisée à faire enquête considère comme appropriées pour la conduite de l’enquête; toutefois, le président d’enquête ne peut exercer le pouvoir de punir une personne que si, à la requête de celui-ci, un juge d’une cour supérieure ou d’une cour de comté atteste que ce pouvoir peut être exercé dans l’affaire exposée dans la requête et il est requis de donner à la personne à l’égard de laquelle le président d’enquête veut exercer ce pouvoir avis de l’audience de la requête 24 heures ou dans le délai plus court que le juge estime raisonnable. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 231.4; 1999, c. 17, s. 182; 2005, c. 38, s. 138.] Copies Compliance [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 231.5; 1998, c. 19, s. 229; 1999, c. 17, s. 182; 2005, c. 38, s. 138.] Notice
The notice referred to in subsection 231.6(2) shall set out Notice (3.1) A notice referred to in subsection (2) may be Review of foreign information requirement Sens de renseignement ou document étranger
Obligation de fournir des renseignements ou documents étrangers
Malgré les autres dispositions de la présente loi, le ministre peut, par avis signifié ou envoyé conformément au paragraphe (3.1), exiger d’une personne résidant au Canada ou d’une personne non résidant mais y exploitant une entreprise de fournir des renseignements ou documents étrangers. Contenu de l’avis
L’avis doit : a) indiquer le délai raisonnable, d’au moins 90 jours, dans lequel les renseignements ou documents étrangers doivent être fournis; b) décrire les renseignements ou documents étrangers recherchés; c) préciser les conséquences prévues au paragraphe (8) du défaut de fournir les renseignements ou documents étrangers recherchés dans le délai ci-dessus. Avis (3.1) L’avis visé au paragraphe (2) peut être : a) soit signifié à personne; b) soit envoyé par courrier recommandé ou certifié; c) soit envoyé par voie électronique à une banque ou une caisse de crédit qui a consenti par écrit à recevoir les avis visés au paragraphe (2) par voie électronique. Révision par un juge
La personne à qui l’avis est signifié ou envoyé peut, dans les 90 jours suivant la date de signification ou d’envoi, contester, par requête à un juge, la mise en demeure du ministre. Pouvoirs de révision
À l’audition de la requête, le juge peut : (a) confirm the requirement; Time period not to count Consequence of failure [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 231.6; 2000, c. 30, s. 177; 2018, c. 27, s. 223; 2021, c. 23, s. 56. Compliance order b) modifier la mise en demeure de la façon qu’il estime indiquée dans les circonstances; c) déclarer sans effet la mise en demeure s’il est convaincu que celle-ci est déraisonnable. Précision
Pour l’application de l’alinéa (5)c), le fait que des renseignements ou documents étrangers soient accessibles ou situés chez une personne non-résidente qui n’est pas contrôlée par la personne à qui l’avis est signifié ou envoyé, ou soient sous la garde de cette personne non-résidente, ne rend pas déraisonnable la mise en demeure de fournir ces renseignements ou documents, si ces deux personnes sont liées. Suspension du délai
Le délai qui court entre le jour où une requête est présentée conformément au paragraphe (4) et le jour où la requête est définitivement réglée ne compte pas dans le calcul : a) du délai indiqué dans l’avis correspondant à la mise en demeure; b) du délai dans lequel une cotisation peut être établie conformément au paragraphe 152(4). Conséquences du défaut
Si une personne ne fournit pas la totalité, ou presque, des renseignements ou documents étrangers visés par l’avis signifié ou envoyé conformément au paragraphe (2) et si l’avis n’est pas déclaré sans effet par un juge en application du paragraphe (5), tout tribunal saisi d’une affaire civile portant sur l’application ou l’exécution de la présente loi doit, sur requête du ministre, refuser le dépôt en preuve par cette personne de tout renseignement ou document étranger visé par l’avis. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 231.6; 2000, ch. 30, art. 177; 2018, ch. 27, art. 223; 2021, ch. 23, art. 56. Ordonnance
a) la personne n’a pas fourni l’accès, l’aide, les renseignements ou les documents qui devaient être obtenus par les articles 231.1 ou 231.2; Appeal Time period not to count b) s’agissant de renseignements ou de documents, le privilège des communications entre client et avocat, au sens du paragraphe 232(1), ne peut être invoqué à leur égard. Avis
La demande n’est entendue qu’une fois écoulés cinq jours francs après signification d’un avis de la demande à la personne à l’égard de laquelle l’ordonnance est demandée. Conditions
Le juge peut imposer, à l’égard de l’ordonnance, les conditions qu’il estime indiquées. Outrage
Quiconque refuse ou fait défaut de se conformer à une ordonnance peut être reconnu coupable d’outrage au tribunal; il est alors sujet aux procédures et sanctions du tribunal l’ayant ainsi reconnu coupable. Appel
L’ordonnance visée au paragraphe (1) est susceptible d’appel devant le tribunal ayant juridiction en appel des décisions du tribunal ayant rendu l’ordonnance. Toutefois, l’appel n’a pas pour effet de suspendre l’exécution de l’ordonnance, sauf ordonnance contraire d’un juge du tribunal saisi de l’appel. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; 2001, ch. 17, art. 183.] Suspension du délai
a) si l’avis visé au paragraphe 231.2(1) est signifié ou envoyé au contribuable, le délai qui court entre le jour où une demande de révision judiciaire est présentée relativement à l’avis et le jour où la demande est définitivement réglée; b) lorsque la demande visée au paragraphe 231.7(1) est déposée par le ministre pour qu’il soit ordonné au contribuable de fournir tout accès, toute aide ou tous renseignements ou documents, le délai qui court entre le jour où le contribuable dépose un avis de comparution, conteste par ailleurs la demande, et le jour où la demande est définitivement réglée. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés; 2018, ch. 27, art. 24; 2021, ch. 23, art. 57.] Definitions 232 (1) In this section, custodian means a person in whose custody a package is placed pursuant to subsection 232(3); (gardien) Solicitor-client privilege defence Seizure of certain documents where privilege claimed Examination of certain documents where privilege claimed entre client et avocat au nom d’un de ses clients nommément désigné en ce qui concerne ce document doit, sans inspecter ou examiner celui-ci ni en faire de copies : a) d’une part, le saisir, ainsi que tout autre document pour lequel l’avocat invoque, en même temps, le même privilège au nom du même client, en faire un colis qu’il doit bien sceller et bien marquer; b) d’autre part, confier le colis à la garde soit du shérif du district ou du comté où la saisie a été opérée, soit de la personne que le fonctionnaire et l’avocat conviennent par écrit de désigner comme gardien. Secret professionnel invoqué lors de l’examen de documents (3.1) Lorsque, conformément à l’article 231.1, un fonctionnaire est sur le point d’inspecter ou d’examiner un document en la possession d’un avocat ou que, conformément à l’article 231.2, le ministre exige la fourniture ou la production d’un document, et que l’avocat invoque le privilège des communications entre client et avocat au nom d’un de ses clients ou anciens clients nommément désigné en ce qui concerne ce document, le fonctionnaire ne peut inspecter ou examiner le document et l’avocat doit : a) d’une part, faire un colis du document ainsi que de tout autre document pour lequel il invoque, en même temps, le même privilège au nom du même client, bien sceller ce colis et bien le marquer, ou si le fonctionnaire et l’avocat en conviennent, faire en sorte que les pages du document soient paraphées et numérotées ou autrement bien marquées; b) d’autre part, retenir le document et s’assurer de sa conservation jusqu’à ce que, conformément au présent article, le document soit produit devant un juge et une ordonnance rende concernant le document. Requête présentée par l’avocat ou son client
En cas de saisie et mise sous garde d’un document en vertu du paragraphe (3) ou de rétention d’un document en vertu du paragraphe (3.1), le client ou l’avocat au nom de celui-ci peut : a) dans les 14 jours suivant la date où le document a ainsi été mis sous garde ou a ainsi commencé à être retenu, après avis au sous-procureur général du Canada à moins trois jours francs au préalable, procéder à cette requête, demander à un juge de rendre une ordonnance qui : Disposition of application d) d’une part, fixe la date — tombant au plus 21 jours après la date de l’ordonnance — et le lieu où il sera statué sur la question de savoir si le client bénéficie du privilège des communications entre client et avocat en ce qui concerne le document, (ii) d’autre part, enjoint de produire le document devant le juge à la date et au lieu fixés; b) signifier une copie de l’ordonnance au sous-procureur général du Canada et, le cas échéant, au gardien dans les 6 jours suivant la date où elle a été rendue et, dans ce même délai, payer au gardien le montant estimé des frais de transport aller-retour du document entre le lieu où il est gardé et le lieu de l’audience et des frais de protection du document; c) après signification et paiement, demander, à la date et au lieu fixés, une ordonnance où il soit statué sur la question. Ordonnance sur requête de l’avocat ou de son client
Une requête présentée en vertu de l’alinéa (4)c) doit être entendue à huis clos. Le juge qui en est saisi : a) peut, s’il l’estime nécessaire pour trancher la question, examiner le document et, dans ce cas, s’assurer ensuite qu’un colis du document est refait et que ce colis soit rescellé; b) statue sur la question de façon sommaire : (i) s’il est d’avis que le client bénéficie du privilège des communications entre client et avocat en ce qui concerne le document, il ordonne la restitution du document à l’avocat ou libère l’avocat de son obligation de le retenir, selon le cas, (ii) s’il est de l’avis contraire, il ordonne : (A) au gardien de remettre le document au fonctionnaire ou à quelque autre personne désignée par le commissaire du revenu, en cas de saisie et mise sous garde du document en vertu du paragraphe (3), (B) à l’avocat de permettre au fonctionnaire ou à l’autre personne désignée par le commissaire du revenu d’inspecter ou examiner le document, en cas de rétention de celui-ci en vertu du paragraphe (3.1). Le juge motive brièvement sa décision en indiquant de quel document il s’agit sans en révéler les détails.
The custodian shall Costs Directions Idem Authority to make copies Waiver of claim of privilege Compliance [NOTE: Application provisions are not included in this consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 232; 1994, c. 13, s. 7; 1998, c. 19, s. 239; 1999, c. 17, s. 167; 2005, c. 38, s. 140.] Information return [NOTE: Application provisions are not included in this consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 233; 1994, c. 7, Ann. VII, s. 134; 1997, c. 25, s. 68.] Definitions (a) in the case of (b) that carries on a business in Canada in the period. (société de personnes déclarante) opération à déclarer a) Dans le cas d’un déclarant pour une année d’imposition qui ne réside au Canada à aucun moment de l’année ou d’une société de personnes déclarante pour un exercice dont aucun des associés ne réside au Canada au cours de l’exercice, opération ou série d’opérations se rapportant de quelque manière que ce soit à une entreprise que le déclarant ou la société de personnes exploite au Canada au cours de l’année ou d’une année d’imposition ou d’un exercice précédent; b) dans les autres cas, opération ou série d’opérations se rapportant de quelque manière que ce soit à une entreprise exploitée par un déclarant (sauf celui qu’il exploite à titre d’associé d’une société de personnes) ou par une société de personnes déclarante au cours d’une année d’imposition ou d’un exercice. (reportable transaction) société de personnes déclarante Pour un exercice : a) société de personnes dont un des associés réside au Canada au cours de l’exercice; b) société de personnes qui exploite une entreprise au Canada au cours de l’exercice. (reporting partnership) Déclarant Pour une année d’imposition, personne qui, à un moment donné de l’année : a) réside au Canada; b) ne réside pas au Canada et exploite une entreprise (autre qu’une entreprise qu’elle exploite à titre d’associée d’une société de personnes) au Canada. (reporting person) opération S’entend notamment d’un arrangement ou d’un événement. (transaction) Déclaration de renseignements du déclarant
Sous réserve du paragraphe (4), le déclarant pour une année d’imposition doit présenter au ministre, au plus tard à la date d’échéance de production qui lui est applicable pour l’année, une déclaration de renseignements pour l’année concernant chaque personne non-résidente avec laquelle il a un lien de dépendance au cours de l’année et chaque société de personnes dont une telle personne non-résidente est un associé. Cette déclaration est présentée sur le formulaire prescrit et contient les renseignements prescrits concernant les opérations à déclarer auxquelles le déclarant et la personne non-résidente ou la société de personnes, selon le cas, ont pris part au cours de l’année. Déclaration de renseignements de la société de personnes déclarante
Sous réserve du paragraphe (4), la société de personnes déclarante pour un exercice doit présenter au ministre, au plus tard à la date où elle est tenue par l’article 229 du Règlement de l’impôt sur le revenu de remplir une déclaration pour l’exercice, ou serait ainsi tenue si De minimis exception [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 233.1; 1998, c. 19, s. 231.] Definitions cet article s’appliquait à elle, une déclaration de renseignements pour l’exercice concernant chaque personne non-résidente avec laquelle elle, ou l’un de ses associés, a un lien de dépendance au cours de l’exercice et chaque société de personnes dont une telle personne non-résidente est un associé. Cette déclaration est présentée sur le formulaire prescrit et contient les renseignements prescrits concernant les opérations à déclarer auxquelles la société de personnes déclarante et la personne non-résidente ou la société de personnes, selon le cas, ont pris part au cours de l’exercice. Exception
Le déclarant ou la société de personnes déclarante n’est tenu par les paragraphes (2) ou (3) de présenter une déclaration de renseignements pour une année d’imposition ou un exercice que si le total des montants représentant chacun la juste valeur marchande totale des biens ou des services rapportant à une opération à déclarer à laquelle il ou la société de personnes déclarante et toute personne non-résidente avec laquelle le déclarant ou la société de personnes déclarante, ou un associé de cette dernière, a un lien de dépendance au cours de l’année ou de l’exercice, ou une société de personnes dont une telle personne non-résidente est un associé, dépasse 1 000 000 $. Présomption
Pour l’application du présent article, la personne qui est l’associé d’une société de personnes qui est elle-même l’associé d’une autre société de personnes est réputée être l’associé de cette dernière. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés : L.R., 1985, ch. 1 (5e suppl.), art. 233.1; 1998, ch. 19, art. 231.] Définitions
bénéficiaire déterminé [Abrogé, 2013, ch. 34, art. 21] fiducie étrangère déterminée [Abrogée, 2013, ch. 34, art. 21] fiducie exonérée a) Fiducie régie par un mécanisme de retraite étranger; b) fiducie qui répond aux conditions suivantes : (i) elle réside dans un pays dont les lois prévoient un impôt sur le revenu, (A) maintained primarily for the benefit of non-resident individuals, or (ii) that complies with prescribed conditions. (fiducie exonérée) specified beneficiary [Repealed, 2013, c. 34, s. 21] specified foreign trust [Repealed, 2013, c. 34, s. 21]
[Repealed, 2013, c. 34, s. 21] (ii) elle est exonérée, par les lois visées au sous-alinéa (i), du paiement de l’impôt sur le revenu au gouvernement de son pays de résidence, (iii) elle est établie principalement dans le cadre d’un ou plusieurs régimes ou fonds de retraite ou de pension ou de régimes ou fonds établis en vue d’assurer des prestations aux employés, ou elle a pour principal objet de gérer ou d’assurer des prestations en vertu d’un ou plusieurs de ces régimes ou fonds, (iv) elle est : (A) soit administrée principalement au profit de particuliers non-résidents, (B) soit régie par un régime de participation des employés aux bénéfices; c) fiducie qui répond aux conditions suivantes : (i) la participation de chacun de ses bénéficiaires est fonction d’unités, (ii) elle remplit les conditions prévues par règlement. (exempt trust) Règle d’application
Les paragraphes 94(1), (2) et (10) à (13) s’appliquent au présent article et à l’alinéa 233.5c.1). Toutefois, la référence à l’expression « (sauf un bien d’exception) » à la définition de transfert sans lien de dépendance au paragraphe 94(1) vaut mention de « (sauf un bien auquel l’alinéa 94(2)g) s’applique, à l’exception d’une unité de fiducie de fonds commun de placement ou d’une fiducie qui serait une fiducie de fonds commun de placement si l’article 4801 du Règlement de l’impôt sur le revenu s’appliquait comme si le texte de son alinéa b), une action du capital-actions d’une société de placement à capital variable ou d’une action du capital-actions d’une société (sauf une société à peu d’actionnaires) qui est identique à une action qui, au moment du transfert, fait partie d’une catégorie qui est inscrite à la cote d’une bourse de valeurs désignée ».
[Abrogé, 2013, ch. 34, art. 21] Production de renseignements concernant les fiducies étrangères
Une personne doit produire une déclaration de renseignements sur le formulaire prescrit, pour une année d’imposition d’une fiducie donnée, sauf une fiducie exonérée ou une fiducie visée à l’un des alinéas c) à h) de la définition de fiducie étrangère exonérée au paragraphe 94(1), et le présenter au ministre au plus tard à la date d’échéance de production qui lui est applicable pour son (ii) is not, at that specified time, (B) an exempt person, (C) a mutual fund trust, (E) a registered investment, année d’imposition qui comprend la fin de l’année d’imposition de la fiducie donnée si, à la fois : a) la fiducie donnée ne réside pas au Canada à un moment déterminé de cette année d’imposition; b) la personne est un contribuable, un contribuable rattaché ou un contribuable résident de la fiducie donnée; c) la personne : (i) d’une part, réside au Canada à ce moment déterminé, (ii) d’autre part, n’est pas, à ce moment déterminé : (A) une société de placement à capital variable, (B) une personne exemptée, (C) une fiducie de fonds commun de placement, (D) une fiducie visée à l’un des alinéas a) à e.1) de la définition de fiducie au paragraphe 108(1), (E) un placement enregistré, (F) une fiducie dans laquelle toutes les personnes visées aux divisions (A) à (E) ont un droit de bénéficiaire, (G) un contribuable de la fiducie donnée du seul fait qu’elle est un contribuable d’une autre fiducie résidant au Canada visée à l’une des divisions (B) à (F). Arrangements semblables (4.1) Pour l’application du présent article et des articles 162, 163 et 233.5, les obligations d’une personne prévues au paragraphe (4) sont déterminées, sauf dans la mesure où le ministre a renoncé par écrit à en exiger l’exécution, comme si, à la fois, un contribuable visé à l’alinéa (4)b) était une personne ayant transféré ou prêté un bien, un arrangement ou une entité était une fiducie non résidente tout au long de l’année civile qui comprend le moment visé à l’alinéa a) et cette année civile était une année d’imposition de l’arrangement ou de l’entité, si, à la fois : a) la personne a transféré ou prêté à un moment donné, directement ou indirectement, un bien afin qu’il soit détenu : (i) soit aux termes de l’arrangement, lequel est régi par les lois d’un pays étranger, ou d’une de ses divisions politiques, ou existe, a été constitué ou (iii) an exempt trust. Joint filing organisé ou a été prorogé la dernière fois en vertu des lois d’un pays étranger ou d’une de ses subdivisions politiques, (ii) soit par l’entité, laquelle est une entité non-résidente au sens du paragraphe 94.1(2); b) le transfert ou le prêt n’est pas un transfert sans lien de dépendance; c) le transfert ou le prêt n’est pas effectué uniquement en échange d’un bien qui serait visé à l’alinéa a) de la définition de bien étranger déterminé au paragraphe 233.3(1) si cette définition s’appliquait compte non tenu de ses alinéas j) à q); d) l’arrangement ou l’entité n’est pas une fiducie à l’égard de laquelle la personne serait tenue, en l’absence du présent paragraphe, de produire une déclaration de renseignements pour une année d’imposition qui comprend ce moment; e) l’arrangement ou l’entité n’est pas, pour son année d’imposition ou son exercice, une des entités suivantes : (i) une fiducie étrangère exempte, au sens du paragraphe 94(1), (ii) ni une société étrangère affiliée relativement à laquelle la personne est un déclarant au sens du paragraphe 233.4(1), (iii) ni une fiducie exonérée. Production conjointe
Lorsqu’une personne donnée et une autre personne seraient tenues, n’était le présent paragraphe, de produire des déclarations de renseignements en application du paragraphe (4) pour l’année d’imposition d’une fiducie et que la personne donnée nomme l’autre personne dans un choix écrit présenté au ministre, les règles suivantes s’appliquent à la personne donnée dans le cadre de la présente loi : a) la déclaration de renseignements produite par l’autre personne est traitée comme si elle avait été produite par la personne donnée; b) les renseignements que la personne donnée est tenue de fournir avec la déclaration sont réputés être ceux que l’autre personne est tenue de fournir avec la déclaration; c) le jour où la personne donnée est tenue de produire la déclaration est réputé être le dernier en date des jours suivants : [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1997, c. 25, s. 69; 1998, c. 19, s. 232; 2013, c. 34, s. 19. Definitions specified Canadian entity for a taxation year or fiscal period means (v) a mutual fund trust, (vii) a registered investment, nor (d) an interest in a non-resident trust, b) les biens suivants ne sont pas des biens étrangers déterminés : (i) le bien qui est utilisé ou détenu exclusivement dans le cadre d’une entreprise exploitée activement de la personne ou de la société de personnes, déterminée comme si elle était une société résidant au Canada, (ii) l’action du capital-actions ou la dette d’une société non-résidente qui est une société étrangère affiliée de la personne ou de la société de personnes pour l’application de l’article 233.4, (iii) la participation dans une fiducie non-résidente qui est une société étrangère affiliée de la personne ou de la société de personnes pour l’application de l’article 233.4, ou la dette d’une telle fiducie, (iv) la participation dans une fiducie non-résidente qui n’a pas été acquise pour une contrepartie par la personne ou la société de personnes ou une personne qui lui est liée, (v) la participation dans une fiducie visée aux alinéas a) ou b) de la définition de fiducie exonérée au paragraphe 233.2(1), ou qui serait visée à l’alinéa b) de cette définition si elle avait le libellé suivant : b) fiducie qui répond aux conditions suivantes : (i) elle réside en Australie ou en Nouvelle-Zélande en ce qui concerne l’impôt sur le revenu, pour l’application de leurs lois fiscales, (ii) elle est admissible à un taux réduit d’impôt sur le revenu en vertu des lois de l’Australie ou de la Nouvelle-Zélande, (iii) elle est établie principalement dans le but de gérer un régime ou fonds de retraite ou de pension ou d’assurer des prestations dans le cadre d’un tel régime ou fonds, (iv) elle est maintenue principalement au profit de particuliers qui sont résidents de l’Australie ou de la Nouvelle-Zélande, (v) la participation dans une société de personnes qui est une entité canadienne déterminée, (vi.1) le droit relatif à une banque étrangère autorisée, ou la dette d’une telle banque, qui est émis par sa succursale au Canada et payable ou autrement exécutoire à une telle succursale, (q) an interest in, or for civil law a right in, or a right to acquire, a property that is described in any of paragraphs (j) to (p). (bien étranger déterminé) (vii) le bien à usage personnel de la personne ou de la société de personnes, (viii) l’intérêt ou, pour l’application du droit civil, le droit sur un bien visé à l’un des sous-alinéas (i) à (vii) ou le droit d’acquérir un tel bien. (specified foreign property) déclarant Entité canadienne déterminée Pour une année d’imposition ou un exercice, lorsque le total des montants représentant chacun le total indiqué, pour elle, de son bien étranger déterminé dépasse 100 000 $ à un moment de l’année ou de l’exercice, sauf celui où elle ne réside pas au Canada. (reporting entity) entité canadienne déterminée Pour une année d’imposition ou un exercice : a) contribuable qui réside au Canada au cours de l’année et qui n’est pas : (i) une société de placement à capital variable, (ii) une société de placement à capital fixe visée au sous-alinéa 131(8)(a)(i), (iii) une société de personnes, sauf une société de personnes dont le total des montants représentant chacun la part du revenu de la société de personnes pour l’exercice et qui est revenu à la société de personnes sont nuls pour l’exercice, son revenu pour l’exercice réputé égal à 1 000 000 $ pour l’application du présent alinéa. (specified Canadian entity) Returns respecting foreign property [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1997, c. 25, s. 69; 2001, c. 17, s. 184; 2013, c. 34, ss. 42, 166; 2020, c. 25, s. 66. période prend fin est exonérée de l’impôt prévu à la partie I et inférieure à 90 % du revenu ou de la perte de la société de personnes pour l’exercice; pour l’application du présent sous-alinéa, si le revenu et la perte de la société de personnes sont nuls pour l’exercice, son revenu pour l’exercice est réputé égal à 1 000 000 $ pour ce qui est du calcul de la part de son revenu qui revient à un associé, (ii) une société non-résidente ou une fiducie non-résidente est sa société étrangère affiliée au cours de l’exercice. Société étrangère affiliée et société étrangère affiliée contrôlée
Pour l’application du présent article, les règles suivantes s’appliquent lorsqu’il s’agit de déterminer si une société ou une fiducie non-résidente est la société étrangère affiliée ou la société étrangère affiliée contrôlée d’un contribuable résident au Canada ou d’une société de personnes : a) l’alinéa b) de la définition de pourcentage d’intérêt, au paragraphe 95(4), s’applique comme si la mention de « toute société » était remplacée par « toute société autre qu’une société résidant au Canada »; b) les définitions de pourcentage d’intérêt et pourcentage d’intérêt direct, au paragraphe 95(4), s’appliquent comme si les sociétés de personnes étaient des personnes; c) les définitions de société étrangère affiliée et société étrangère affiliée contrôlée, au paragraphe 95(1), s’appliquent comme si les sociétés de personnes étaient des contribuables résidant au Canada; d) si le contribuable est l’associé d’une ou de plusieurs sociétés de personnes visées au sous-alinéa (1)c)(i) dont une société ou une fiducie non-résidente est une société étrangère affiliée et que le contribuable n’a aucune participation directe ou indirecte (compte non tenu du paragraphe 93.1(1)) autre que par sa participation dans les sociétés de personnes, la société ou fiducie non-résidente est réputée ne pas être une société étrangère affiliée du contribuable. Associés de sociétés de personnes
Pour l’application du présent article, les présomptions suivantes s’appliquent à la personne qui est l’associé d’une société de personnes qui est elle-même l’associé d’une autre société de personnes : a) la personne est réputée être un associé de l’autre société de personnes; [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1997, c. 25, s. 69; 2013, c. 34, s. 354; 2014, c. 39, s. 69; 2018, c. 27, s. 25. Due diligence exception [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1997, c. 25, s. 69; 2013, c. 34, s. 23. Excluded trust defined
c.2) dans le cas d’une déclaration à produire en application de l’article 233.4 par une personne ou une société de personnes relativement à une société qui est sa société étrangère affiliée contrôlée pour l’application de cet article, il était raisonnable de s’attendre, au moment de chaque opération conclue par la personne ou la société de personnes après le 5 mars 1996 qui donne lieu à l’obligation de produire la déclaration ou qui touche les renseignements à y indiquer, que la personne ou la société de personnes disposerait de renseignements suffisants pour se conformer à cet article; d) si elle finit par obtenir les renseignements, la personne ou la société de personnes les présente au ministre dans les 90 jours suivant le jour où elle les obtient. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1997, ch. 25, art. 69; 2013, ch. 34, art. 23. Déclaration lorsqu’une distribution est effectuée par une fiducie non-résidente
a) si l’entité est une société de personnes, la date où une déclaration doit être produite pour son exercice, en application de l’article 229 du Règlement de l’impôt sur le revenu, ou devrait ainsi être produite si cet article s’appliquait à elle; b) sinon, la date d’échéance de production qui lui est applicable pour l’année. Définition de fiducie exclue
Pour l’application du paragraphe (1), est une fiducie exclue pour l’année d’imposition ou l’exercice d’une entité canadienne déterminée : a) la fiducie visée aux alinéas a) ou b) de la définition de fiducie exonérée au paragraphe 233.2(1) tout au long de la partie de l’année ou de l’exercice où elle existe; b) la fiducie à l’égard de laquelle l’entité est tenue, par l’article 233.2, de produire une déclaration pour Exception for first-year residents (c) they are not an excluded MNE group. (groupe d’entreprises multinationales) b) toute entreprise qui est exploitée par l’intermédiaire d’un établissement stable, si un état financier distinct est établi pour celle-ci à des fins réglementaires, d’information financière, de gestion interne ou fiscales. (business entity) entité constitutive Relativement à un groupe d’entreprises multinationales, les entités suivantes : a) une entité du groupe qui, selon le cas : (i) fait partie des états financiers consolidés du groupe à des fins d’information financière, (ii) devrait faire partie de ces états financiers consolidés si des participations dans une entité du groupe étaient cotées sur une bourse de valeurs ouverte au public; b) une entité qui ne fait pas partie des états financiers consolidés du groupe uniquement pour des raisons de taille ou d’importance relative. (constituent entity) entité mère de substitution Entité constitutive d’un groupe d’entreprises multinationales qui a été mandatée par le groupe, ou une entité constitutive désignée par le groupe, pour produire et déposer une déclaration pour le compte du groupe, à l’égard de laquelle au moins une des conditions énoncées au sous-alinéa (3)(b)(ii) s’applique. (surrogate parent entity) entité mère ultime Entité constitutive d’un groupe d’entreprises multinationales donnée à l’égard de laquelle les conditions ci-après sont remplies : a) l’entité constitutive détient, directement ou indirectement, une participation suffisante dans une ou plusieurs entités constitutives du groupe, de sorte qu’elle est tenue d’établir des états financiers consolidés selon les principes comptables généralement appliqués dans sa juridiction de résidence ou qu’elle serait tenue de le faire si ses participations étaient cotées sur une bourse de valeurs ouverte au public dans sa juridiction de résidence; b) aucune autre entité constitutive du groupe ne détient, directement ou indirectement, une participation visée à l’alinéa a) dans l’entité constitutive donnée. (ultimate parent entity) établissement stable S’entend au sens prévu par règlement. (permanent establishment) états financiers consolidés États financiers dans lesquels les actifs, les passifs, le revenu, les dépenses et les (b) no other constituent entity of the MNE group holds, directly or indirectly, an interest in it that is described in paragraph (a). (entité mère ultime) Determination of residence — ultimate parent entity flux de trésorerie des membres d’un groupe sont présentés comme étant ceux d’une seule entité économique. (consolidated financial statements) exercice Relativement à un groupe d’entreprises multinationales, toute période comptable annuelle pour laquelle l’entité mère ultime du groupe en établit les états financiers. (fiscal year) exercice déclarable Exercice dont les résultats financiers et opérationnels sont indiqués dans la déclaration pays par pays. (reporting fiscal year) groupe d’entreprises multinationales Groupe constitué de plusieurs entités à l’égard desquelles les énoncés ci-après se vérifient : a) ces entités sont tenues d’établir des états financiers consolidés à des fins d’information financière selon les principes comptables applicables ou le seraient si des participations dans l’une d’elles étaient cotées en bourse; b) l’une de ces entités réside dans une juridiction donnée et, selon le cas : (i) une autre de ces entités réside dans une autre juridiction, (ii) elle est assujettie à l’impôt dans une autre juridiction relativement à une entreprise qu’elle y exploite par l’entremise d’une entité visée à l’alinéa b de la définition de entité; c) elles ne constituent pas un groupe d’entités multinationales exclu. (multinational enterprise group ou MNE group) groupe d’entreprises multinationales exclu Groupe de plusieurs entités à l’égard desquelles les énoncés contenus aux alinéas a) et b) de la définition de groupe d’entreprises multinationales se vérifient et il s’avère que, relativement à un exercice donné du groupe d’entreprises multinationales, le revenu consolidé total du groupe pour son exercice précédent immédiatement l’exercice donné, tel qu’il est indiqué dans les états financiers du groupe pour cet exercice précédent, est inférieur à 750 millions d’euros. (excluded MNE group) Entité mère ultime — résidence réputée
Pour l’application du présent article, l’entité mère ultime qui est une société de personnes est réputée résider : a) si, selon les lois d’une autre juridiction, elle réside dans cette autre juridiction à des fins fiscales, dans cette autre juridiction; Filing obligations Surrogate filing (b) the jurisdiction of residence of the surrogate parent entity (i) requires filing of country-by-country reports, Idem Idem [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1970-71-72, c. 63, s. 1 "234"; 1976-77, c. 4, s. 75; 1980-81-82-83, c. 48, s. 106; 1985, c. 45, s. 126(F); 1988, c. 55, s. 177. A × B where [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1994, c. 7, Sch. II, s. 187, Sch. VIII, s. 135; 2006, c. 4, s. 88; 2024, c. 17, s. 72. Délivrance
Tout certificat de propriété fourni conformément au paragraphe (1) doit être délivré selon les modalités, dans le délai et à l’endroit prévus par règlement. Idem
L’application du présent article peut s’étendre par règlement aux coupons au porteur négociés par les personnes non-résidentes ou pour leur compte. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1970-71-72, ch. 63, art. 1 « 234 »; 1976-77, ch. 4, art. 75; 1980-81-82-83, ch. 48, art. 106; 1985, ch. 45, art. 126(F); 1988, ch. 55, art. 177. Pénalité pour non-production de déclaration 235 Toute grande société, au sens du paragraphe 225.1(8), qui omet de produire une déclaration pour une année d’imposition selon les modalités et dans le délai prévus aux articles 150 ou 190.2 encourt, outre toute pénalité prévue par ailleurs, une pénalité pour chaque défaut de produire une déclaration, égale au montant obtenu par la formule suivante : A × B où : A représente le total des sommes suivantes : a) la somme représentant 0,0005 % de son capital imposable utilisé au Canada, au sens de la partie I.3, à la fin de l’année; b) la somme représentant 0,25 % de l’impôt qu’elle aurait à payer en vertu de la partie VI pour l’année si la présente loi s’appliquait compte non tenu du paragraphe 190.1(3); B le nombre de mois entiers, jusqu’à concurrence de 40, compris dans la période commençant à la date limite où la déclaration devait être produite et se terminant le jour où elle est produite. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1994, ch. 7, ann. II, art. 187, ann. VIII, art. 135; 2006, ch. 4, art. 88; 2024, ch. 17, art. 72. Validation des documents par les sociétés 236 Une déclaration, un certificat ou autre document fait par une société en conformité avec la présente loi ou avec son règlement doit être signé en son nom par le président, le secrétaire ou le trésorier de la société ou par tout autre cadre ou personne qui y est dûment autorisé par le conseil d’administration ou par tout autre organe de direction de la société. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1970-71-72, ch. 63, art. 1 « 236 ». Social Insurance Number Production of number Number required in information returns Income Tax Grant Sections 237-237.1 Authority to communicate number Authority to communicate number R.S., 1985, c. 1 (5th Supp.), s. 237; 1994, c. 21, s. 116; 1998, c. 19, s. 233; 2000, c. 19, s. 65; 2005, c. 34, s. 70; 2018, c. 12, s. 33; 2023, c. 26, s. 67(E). Definitions
Impôt sur le revenu
Généralités
a) doit s’appliquer raisonnablement à obtenir de l’autre personne ou société de personnes qu’elle lui fournisse le numéro; b) ne peut sciemment, sans le consentement écrit de l’autre personne ou société de personnes, utiliser ou communiquer le numéro ou permettre qu’il soit communiqué autrement que conformément à la présente loi et à un règlement. Autorisation de communiquer le numéro
Il est permis à une personne de communiquer un numéro d’assurance sociale, un numéro d’entreprise ou un numéro de compte en fiducie à une autre personne qui lui est liée, ou de permettre qu’il soit communiqué, si l’autre personne est tenue par la présente loi ou par un règlement de remplir une déclaration de renseignements qui doit comporter ce numéro. Autorisation de communiquer le numéro
Il est permis à une compagnie d’assurance de communiquer le numéro d’assurance sociale, le numéro d’entreprise ou le numéro de compte en fiducie d’une personne ou d’une société de personnes à une autre personne, ou de permettre qu’il soit communiqué, si les conditions suivantes sont réunies : a) l’autre personne est devenue le détenteur d’une action du capital-actions de la compagnie d’assurance, ou d’une société de portefeuille (cette expression s’entend au présent paragraphe au sens du paragraphe 139.1(1)) quant à elle, au moment de l’émission de l’action à l’occasion de la démutualisation, au sens de ce paragraphe, de la compagnie; b) l’autre personne est devenue le détenteur de l’action en sa qualité de mandataire ou d’agent de la personne ou de la société de personnes par suite d’arrangements pris par la compagnie d’assurance ou par une société de portefeuille quant à elle; c) l’autre personne est tenue, par le présent loi ou par son règlement, de faire une déclaration de renseignements concernant la disposition de l’action ou le revenu tiré de l’action, qui doit comporter ce numéro. [NOTE : Les dispositions d’application ne sont pas incluses dans le texte codifié; voir les lois et règlements modificatifs appropriés.]
R. (1985), ch. 1 (5e suppl.), art. 237; 1994, ch. 21, art. 116; 1998, ch. 19, art. 233; 2000, ch. 19, art. 65; 2005, ch. 34, art. 70; 2018, ch. 12, art. 33; 2023, ch. 26, art. 67(A). Définitions
abri fiscal (arrangement de don) a) Arrangement de don visé à l’alinéa b) de la définition de arrangement de don; b) arrangement de don visé à l’alinéa a) de la définition de arrangement de don ou bien (y compris le droit à un revenu), à l’exception des actions accréditives et des biens visés par règlement, pour lequel il est raisonnable de considérer, compte tenu de déclarations ou d’annonces faites ou envisagées relativement à l’arrangement ou au bien, que, si une personne devait conclure l’arrangement ou acquérir une part dans le bien, le montant visé au sous-alinéa (i) serait, à la fin d’une année d’imposition qui termine dans les quatre ans suivant le jour où l’arrangement est conclu ou la part, acquise, égal ou supérieur au montant visé au sous-alinéa (i) : (i) le total des montants représentant chacun : (A) un montant ou, dans le cas d’une participation dans une société de personnes, une perte qui est annoncé comme étant déductible dans le calcul du revenu de la personne pour l’année ou une année d’imposition antérieure au titre de l’arrangement ou de la part dans le bien (y compris, si le bien est un droit à un revenu, un montant qui est annoncé comme étant déductible au (B) un autre montant qui est déclaré ou annoncé comme étant réputé, en vertu de la présente loi, être payé au titre de l’impôt payable par la personne, ou comme étant déductible dans le calcul de ses revenu, revenu imposable ou impôt payable en vertu de la présente loi, pour l’année ou une année d’imposition antérieure au titre de l’arrangement ou de la part dans le bien, à l’exclusion d’un montant ainsi déclaré ou annoncé qui est inclus dans le calcul d’une perte visée à la division (A), (ii) l’excédent éventuel du montant visé à la division (A) sur le total visé à la division (B) : (A) le coût, pour la personne, des biens acquis aux termes de l’arrangement, ou de la part dans le bien à la fin de l’année, déterminé compte non tenu de l’article 143.2, (B) la valeur totale des avantages visés par règlement que la personne ou toute personne avec laquelle elle a un lien de dépendance pourrait recevoir, directement ou indirectement, au titre des biens acquis aux termes de l’arrangement ou au titre de la part dans le bien. (tax shelter) (abri fiscal) Application arrangement de don Arrangement aux termes duquel il est raisonnable de considérer, compte tenu de déclarations ou d’annonces faites ou envisagées relativement à l’arrangement, que, si une personne devait conclure l’arrangement, l’une des éventualités suivantes se produirait : a) un bien acquis par la personne aux termes de l’arrangement ferait l’objet d’un don à un donataire reconnu ou d’une contribution visée au paragraphe 127.4(1); b) la personne contracterait une dette à recours limité, déterminée selon le paragraphe 143.2(6.1), qui est raisonnable de considérer comme se rapportant à un don à un donataire reconnu ou à une contribution monétaire visée au paragraphe 127.4(1). (gifting arrangement) personne Comprend une société de personnes. (person) promoteur Personne qui, quant à un abri fiscal et dans le cours des activités d’une entreprise : a) émet ou vend l’abri fiscal ou fait la promotion de son émission, de sa vente ou de son acquisition; b) agit, à titre de mandataire ou de conseiller, en ce qui concerne l’émission ou la vente de l’abri fiscal ou la promotion de son émission, de sa vente ou de son acquisition; c) accepte, à titre de principal ou de mandataire, une contrepartie relativement à l’abri fiscal. (promoter) Au même abri fiscal peuvent correspondre plus d’un promoteur d’abris fiscaux. (promoter) Demande de numéro d’inscription
Tout promoteur doit, quant à un abri fiscal, demander au ministre, sur le formulaire prescrit contenant les renseignements prescrits, d’attribuer un numéro d’inscription à cet abri fiscal, sauf si demande en a déjà été faite. Renseignements à fournir
Sur demande faite en application du paragraphe (2), à laquelle doit être joint un engagement, que le ministre juge acceptable, selon lequel les livres et registres concernant un abri fiscal seront gardés et tenus en un lieu, au Canada, que le ministre juge aussi acceptable, celui-ci doit attribuer un numéro d’inscription à l’abri fiscal. Providing tax shelter number “Le numéro d’inscription attribué à cet abri fiscal doit figurer dans toute déclaration d’impôt sur le revenu produite par l’investisseur. L’attribution de ce numéro n’est qu’une formalité administrative et ne confirme aucunement le droit de l’investisseur aux avantages fiscaux découlant de cet abri fiscal.” and Interdiction
Une personne ne peut émettre ou vendre un abri fiscal, ou accepter une contrepartie relativement à un abri fiscal, à un moment donné, à titre de principal ou de mandataire que si, à la fois : a) le ministre a attribué un numéro d’inscription à l’abri fiscal avant ce moment; b) ce moment est compris dans l’année civile désignée par le ministre comme étant celle qui est applicable au numéro d’inscription. Indication du numéro par le promoteur à l’acquéreur
Tout promoteur d’un abri fiscal doit : a) s’appliquer raisonnablement à ce que les personnes qui acquièrent l’abri fiscal ou y font autrement un placement soient informées de son numéro d’inscription attribué par le ministre; b) indiquer clairement le numéro d’inscription de l’abri fiscal dans le coin supérieur droit de tout état des revenus préparé par lui, ou pour son compte, relativement à l’abri fiscal; c) indiquer clairement le texte suivant dans toute déclaration écrite, établie après 1995, où il fait mention, directement ou indirectement, expressément ou non, de l’attribution par l’Agence du revenu du Canada d’un numéro d’inscription à l’abri fiscal, ainsi que sur les copies de la partie de la déclaration de renseignements à remettre conformément au paragraphe (7.3) : (i) si tout ou partie de la déclaration de renseignements est en anglais : (ii) si tout ou partie de la déclaration écrite ou de la déclaration de renseignements est établie en français : “Le numéro d’inscription attribué à cet abri fiscal doit figurer dans toute déclaration d’impôt sur le revenu produite par l’investisseur. L’attribution de ce numéro n’est qu’une formalité administrative et ne confirme aucunement le droit de l’investisseur aux avantages fiscaux découlant de cet abri fiscal.” « Le numéro d’inscription attribué à cet abri fiscal doit figurer dans toute déclaration d’impôt sur le revenu produite par l’investisseur. L’attribution de ce numéro n’est qu’une formalité administrative et ne confirme aucunement le droit de l’investisseur aux avantages fiscaux découlant de cet abri fiscal. » Information return (iii) si la déclaration écrite n’est ni en français, ni en anglais : « Le numéro d’inscription attribué à cet abri fiscal doit figurer dans toute déclaration d’impôt sur le revenu produite par l’investisseur. L’attribution de ce numéro n’est qu’une formalité administrative et ne confirme aucunement le droit de l’investisseur aux avantages fiscaux découlant de cet abri fiscal. » Indication du numéro par l’acquéreur
Une personne ne peut déduire un montant au titre d’un abri fiscal que si elle présente au ministre un formulaire prescrit contenant les renseignements prescrits, incluant le numéro d’inscription attribué à l’abri fiscal. Déduction refusée en cas de pénalité (6.1) Il est interdit de déduire ou de demander un montant pour une année d’imposition au titre de son abri fiscal si une personne est passible de la pénalité prévue aux paragraphes (7.4) ou 162(9) relativement à l’abri fiscal, ou est redevable d’intérêts sur cette pénalité, et si : a) la pénalité ou les intérêts n’ont pas été payés; b) la pénalité et les intérêts ont été payés mais un montant au titre de la pénalité ou des intérêts a été remboursé aux termes du paragraphe 164(1.1) ou imputé selon le paragraphe 164(2). Cotisations (6.2) Malgré les paragraphes 152(4) à (5), le ministre peut établir les cotisations voulues ou déterminer de nouveaux les montants voulus pour l’application du paragraphe (6.1). Déclaration de renseignements
Le promoteur d’un abri fiscal qui, au cours d’une année civile et relativement à l’abri fiscal, accepte une contrepartie ou agit à titre de principal ou de mandataire doit, sauf si une déclaration de renseignements déjà été produite relativement à l’abri fiscal, produire, selon les modalités réglementaires, une déclaration de renseignements pour l’année sur le formulaire prescrit qui figurent : Time for filing return (a) the day referred to in subsection 237.1(7.1); and Copies to be provided Penalty (a) $500, and (b) 25% of the greater of a) les nom, adresse et numéro d’assurance sociale, numéro d’entreprise ou numéro de compte en fiducie des personnes qui acquièrent l’abri fiscal ou qui y font autrement un placement au cours de l’année; b) le montant payé par chacune des personnes visées au sous-alinéa (i) relativement à l’abri fiscal; c) tout autre renseignement requis dans le formulaire. Délai de production (7.1) La déclaration de renseignements à produire en application du paragraphe (7) relativement à l’acquisition d’une part dans un abri fiscal au cours d’une année civile doit être présentée au ministre au plus tard le dernier jour de février de l’année civile suivante. Délai de production — cas spéciaux (7.2) Malgré le paragraphe (7.1), la personne tenue de produire une déclaration de renseignements en application du paragraphe (7) relativement à une entreprise ou une activité qui cesse d’exploiter l’entreprise ou d’exercer l’activité doit produire cette déclaration au plus tard le plus rapproché des jours suivants : a) le jour visé au paragraphe (7.1); b) le jour qui suit de 30 jours la cessation. Copies à remettre (7.3) La personne tenue de produire une déclaration de renseignements en application du paragraphe (7) doit remettre à chaque personne visée par la déclaration deux copies de la partie de celle-ci qui la concerne au plus tard le jour où la déclaration doit être présentée au ministre. Pénalité (7.4) Toute personne qui, relativement à un abri fiscal, fournit des renseignements faux ou trompeurs au ministre dans la demande visée au paragraphe (2) ou contrevient au paragraphe (4) est passible d’une pénalité égale au plus élevé des montants suivants : a) 500 $; b) 25 % de la plus élevée des sommes suivantes : (i) le total des sommes représentant chacune la contrepartie reçue ou à recevoir d’une personne relativement à l’abri fiscal avant que les renseignements corrigés aient été fournis au ministre ou avant qu’un numéro d’inscription ait été attribué à l’abri fiscal, selon le cas, Penalty Application of ss. 231 to 231.3 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations: R.S., 1985, c. 1 (5th Supp.), s. 237.1; 1994, c. 7, Sch. II, s. 188; 1996, c. 21, s. 34; 1998, c. 19, s. 126; 2002, c. 16, s. 87; 2005, c. 38, s. 138; 2012, c. 19, s. 156; 2013, c. 34, s. 396; 2018, c. 12, s. 34.] (ii) le total des sommes représentant chacune une somme annoncée ou déclarée comme étant la valeur d’un bien dont une personne qui acquiert l’abri fiscal ou y fait autrement un placement pourrait faire don à un donataire reconnu, si l’abri fiscal est un arrangement de don et que la contrepartie a été reçue ou est à recevoir de la personne relativement à l’abri fiscal avant que les renseignements corrects aient été fournis au ministre ou avant qu’un numéro d’inscription ait été attribué à l’abri fiscal, selon le cas. Pénalité (7.5) Toute personne tenue en vertu du paragraphe (7) de produire une déclaration de renseignements qui omet de se conformer à la demande faite selon l’article 233 de produire la déclaration ou qui omet de produire les renseignements exigés selon les alinéas (7)a) ou b) est passible d’une pénalité égale à 25 % de la plus élevée des sommes suivantes : a) le total des sommes représentant chacune la contrepartie reçue ou à recevoir par la personne relativement à l’abri fiscal d’une personne donnée à l’égard de laquelle les renseignements exigés selon les alinéas (7)a) ou b) n’ont pas été produits avant ou au moment où la demande a été délivrée ou la déclaration produite, selon le cas; b) si l’abri fiscal est un arrangement de don, le total des sommes représentant chacune une somme déclarée ou annoncée comme étant la valeur d’un bien dont la personne donnée pourrait faire don à un donataire reconnu. Application des art. 231 à 231.3
Sans préjudice de la portée générale des articles 231 à 231.3, en cas de demande d’attribution d’un numéro d’inscription à un abri fiscal conformément au paragraphe (2), les articles 231 à 231.3 s’appliquent avec les adaptations nécessaires que le ministre peut exiger pour vérifier les renseignements fournis sur un abri fiscal — même si une déclaration de revenu n’a pas été produite conformément à l’article 150 pour un contribuable pour l’année d’imposition de celui-ci au cours de laquelle un montant est demandé en déduction au titre de l’abri fiscal. [NOTE : Les dispositions d’application ne sont incluses dans le présent codification; voir les lois et règlements modificatifs pertinents : L.R. (1985), ch. 1 (5e suppl.), art. 237.1; 1994, ch. 7, ann. II, art. 188; 1996, ch. 21, art. 34; 1998, ch. 19, art. 126; 2002, ch. 16, art. 87; 2005, ch. 38, art. 138; 2012, ch. 19, art. 156; 2013, ch. 34, art. 396; 2018, ch. 12, art. 34.] Application of s. 237.1 Definitions honoraires Toute contrepartie qui est ou pourrait être reçue ou à recevoir, directement ou indirectement, de quelque manière que ce soit, relativement à une opération ou à une série d’opérations par un conseiller ou un promoteur ou par une personne avec laquelle il a un lien de dépendance pour : a) la prestation de conseils ou d’avis relatifs à l’opération ou à la série; b) la création, l’élaboration, la planification, l’organisation ou la mise en œuvre de l’opération ou de la série; c) la promotion ou la vente d’un arrangement, d’un régime ou d’un mécanisme qui comprend ou concerne l’opération ou la série; d) la préparation de documents à l’appui de l’opération ou de la série, y compris les déclarations de revenus et les déclarations de renseignements à produire aux termes de la présente loi; (d) preparing documents supporting the transaction or series, including tax returns or any information returns to be filed under this Act; or (e) providing contractual protection. (honoraires) e) la fourniture d’une protection contractuelle. (fee) opération S’entend au sens du paragraphe 245(1). (transaction) opération à déclarer Est une opération à déclarer à un moment donné l’opération d’évitement conclue par une personne ou à son profit, ainsi que chaque opération qui fait partie d’une série d’opérations comprenant une telle opération d’évitement, dans le cas où les alinéas ci-après s’appliquent à ce moment relativement à l’opération d’évitement ou à la série : a) un conseiller ou un promoteur, ou toute personne avec laquelle il a un lien de dépendance, a ou avait droit, dans l’immédiat ou pour l’avenir et conditionnellement ou non, à des honoraires (autres que des honoraires relatifs à une formule prescrite à remplir en vertu du paragraphe 37(11)) qui, dans une mesure quelconque, selon le cas : (i) sont fonction du montant d’un avantage fiscal qui découle ou découlerait, en l’absence de l’article 245, de l’opération d’évitement ou de la série, (ii) sont conditionnés à l’obtention d’un avantage fiscal qui découle ou découlerait, en l’absence de l’article 245, de l’opération d’évitement ou de la série ou peuvent être remboursés, recouvrés ou réduits, de quelque manière que ce soit, en cas de défaut de la personne d’obtenir un avantage fiscal de l’opération d’évitement ou de la série, (iii) sont rattachés au nombre de personnes qui, selon le cas : (A) prennent part à l’opération d’évitement ou à la série ou à une opération d’évitement ou série semblable, (B) ont profité des conseils ou des avis donnés par le conseiller ou le promoteur au sujet des conséquences fiscales de l’opération d’évitement ou de la série ou d’une opération d’évitement ou série semblable; b) un conseiller ou un promoteur relativement à l’opération d’évitement ou à la série, ou toute personne avec laquelle il a un lien de dépendance, détient ou a obtenu un droit à la confidentialité, et l’interdiction de communication prévue par le droit à la confidentialité assure la confidentialité relativement à un traitement fiscal en ce qui concerne l’opération d’évitement ou la série, (i) dans le cas d’un conseiller, la personne à qui il fournit de l’assistance ou des conseils relativement à l’opération d’évitement ou à la série aux termes du contrat de service qu’il a conclu à cette fin avec cette personne, (ii) dans le cas d’un promoteur, l’une des personnes suivantes : (A) celle à l’égard de qui la promotion ou la vente d’un arrangement, d’un régime ou d’un mécanisme a été faite dans les circonstances visées à l’alinéa a) de la définition de promoteur, (B) celle à qui a été adressée la déclaration ou l’annonce visée à l’alinéa b) de cette définition, (C) celle de qui la contrepartie visée à l’alinéa c) de cette définition a été reçue; c) selon le cas : (i) la personne (appelée « personne donnée » au présent sous-alinéa), une autre personne ayant conclu l’opération d’évitement ou fait partie de la série ou une autre personne ayant conclu une opération d’évitement avec une personne donnée en lien de dépendance avec la personne donnée ou une personne ayant conclu l’opération 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Les personnes ci-après sont tenues de présenter au ministre, relativement à une opération à déclarer donnée, une déclaration de renseignements sur un formulaire prescrit contenant les renseignements prescrits : a) toute personne à l’égard de laquelle un avantage fiscal découle ou devrait découler en fonction du traitement fiscal pour cette personne de l’opération à déclarer, selon le cas : (i) de l’opération à déclarer, (ii) d’une autre opération à déclarer qui fait partie d’une série d’opérations comprenant l’opération à déclarer, (iii) d’une série d’opérations comprenant l’opération à déclarer; b) toute personne qui a conclu, au profit d’une personne visée à l’alinéa a), une opération d’évitement qui constitue une opération à déclarer; c) tout conseiller ou promoteur relativement à l’opération donnée, ou à une autre opération qui fait partie d’une série d’opérations comprenant l’opération donnée, qui a ou avait droit, dans l’immédiat ou pour Time for filing return l’avenir et conditionnellement ou non, à des honoraires, relativement à l’une de ces opérations, qui, selon le cas : (i) sont visées à l’alinéa a) de la définition de opération à déclarer au paragraphe (1), (ii) ont trait à une protection contractuelle fournie dans les circonstances visées à l’alinéa c) de cette définition; d) toute personne avec laquelle un conseiller ou un promoteur a un lien de dépendance relativement à l’opération donnée et qui a ou avait droit, dans l’immédiat ou pour l’avenir et conditionnellement ou non, à des honoraires visés à l’alinéa c). Opérations à déclarer comprises dans une série
Sous réserve du paragraphe (11), il est entendu que, si le paragraphe (2) s’applique à une personne relativement à chaque opération à déclarer qui fait partie d’une série d’opérations comprenant une opération d’évitement, le dépôt d’un formulaire prescrit par la personne relativement à chaque opération de la série est réputé satisfaire à l’obligation de cette personne prévue au paragraphe (2) relativement à chaque opération ainsi déclarée. Services de bureau ou de secrétariat
Le paragraphe (2) ne s’applique pas à une personne du seul fait qu’elle a rendu des services de bureau ou des services de secrétariat relativement à une opération à déclarer. Délai de production
La déclaration de renseignements à produire en application du paragraphe (2) relativement à une opération à déclarer doit être présentée au ministre, selon le cas, par : a) une personne visée aux alinéas (2)a) ou b) au plus tard le jour qui suit de quatre-vingt-dix jours la première des dates suivantes : (i) le jour où la personne a l’obligation contractuelle de conclure l’opération à déclarer, (ii) le jour où la personne conclut l’opération à déclarer, (iii) si la personne est visée à l’alinéa (2)a) et une personne visée à l’alinéa (2)b) conclut l’opération à déclarer au profit de la personne visée à l’alinéa (2)a), le jour où l’opération à déclarer est conclue; Tax benefits disallowed Penalty b) une personne visée aux alinéas (2)c) ou d) au plus tard le premier jour donné visé à l’alinéa a) au profit d’une personne visée aux alinéas (2)a) ou b) relativement à l’opération à déclarer. Suspension de l’avantage fiscal
À tout moment, l’article 245 s’applique compte non tenu de son paragraphe (4), relativement à une opération à déclarer donnée, relativement à une personne visée à l’alinéa (2)a) pour ce qui est de cette opération, à tout moment où les conditions ci-après sont réunies : a) l’obligation, prévue au paragraphe (2), de la personne relativement à l’opération donnée ou à une autre opération à déclarer qui fait partie d’une série d’opérations comprenant l’opération donnée n’a pas été remplie; b) une personne est passible de la pénalité prévue au paragraphe (8) relativement à l’opération donnée ou à une autre opération à déclarer qui fait partie d’une série d’opérations comprenant l’opération donnée; et c) cette pénalité ou les intérêts afférents n’ont pas été payés ou ont été payés, mais une somme à leur titre a été remboursée aux termes du paragraphe 164(1.1) ou imputée selon le paragraphe 164(2). Cotisations
Malgré les paragraphes 152(4) à (5), le ministre peut établir les cotisations voulues et déterminer ou redéterminer de nouveau les sommes voulues pour l’application du paragraphe (8). Pénalité
Toute personne qui ne produit pas de déclaration de renseignements concernant une opération à déclarer selon les modalités prévues au paragraphe (2) et dans le délai fixé au paragraphe (5) est passible d’une pénalité égale : a) lorsque la personne est visée aux alinéas (2)a) ou b) : (i) si la personne est une société dont la valeur comptable des actifs est égale ou supérieure à 50 millions de dollars pour sa dernière année d’imposition qui se termine avant la date à laquelle la déclaration de renseignements devait être produite en application du paragraphe (5), au produit de 2 000 $ par le nombre de semaines où le défaut persiste, jusqu’à concurrence du plus élevé de : (ii) $10,000, and Penalty – deeming rule Carrying value
[Repealed, 2023, c. 26, s. 68]
[Repealed, 2023, c. 26, s. 68] Due diligence limité à un maximum qui est égal à la plus élevée des sommes suivantes : (A) 100 000 $, (B) 25 % du montant de l’avantage fiscal relativement à l’opération à déclarer, (ii) dans les autres cas, au produit de 500 $ par le nombre de semaines où le défaut persiste, limité à un maximum qui est égal à la plus élevée des sommes suivantes : (A) 25 000 $, (B) 25 % du montant de l’avantage fiscal relativement à l’opération à déclarer; b) lorsque la personne est visée aux alinéas (2)c) ou d), au total des sommes suivantes : (i) les honoraires facturés par cette personne relativement à l’opération à déclarer, (ii) 10 000 $, (iii) le produit de 1 000 $ par le nombre de jours où le défaut persiste, jusqu’à concurrence de 100 000 $. Pénalité – règle spéciale (8.1) Si une personne visée à la fois aux alinéas (2)b) et d) est passible de la pénalité prévue au paragraphe (8) relativement à une opération à déclarer, la pénalité est réputée être égale à la plus élevée des sommes déterminées en application des alinéas (8)a) et b). Valeur comptable (8.2) Pour l’application du sous-alinéa (8)a)(i), la valeur comptable des actifs d’une société est déterminée conformément aux alinéas 181(3)a) et b).
[Abrogé, 2023, ch. 26, art. 68]
[Abrogé, 2023, ch. 26, art. 68] Diligence
La personne tenue de produire une déclaration de renseignements relativement à une opération à déclarer n’est pas passible de la pénalité prévue au paragraphe (8) si elle a agi avec autant de soin, de diligence et d’habileté pour prévenir le manquement que l’aurait fait une personne raisonnablement prudente dans des circonstances comparables. Optional disclosure — GAAR Late filing — GAAR Application of sections 231 to 231.3 Déclaration
La production par une personne d’une déclaration de renseignements conformément au présent article relativement à une opération à déclarer ne constitue pas la reconnaissance par la personne : a) que l’article 245 s’applique relativement à l’opération; b) qu’une opération quelconque fait partie d’une série d’opérations. Choix de divulguer — RGAE (12.1) Si le paragraphe (2) ne s’applique pas à un contribuable relativement à une opération ou une série d’opérations dont l’opération fait partie, le contribuable peut produire une déclaration de renseignements sur le formulaire prescrit contenant les renseignements prescrits concernant l’opération ou la série au plus tard à la date d’échéance de production qui lui est applicable pour l’année d’imposition au cours de laquelle l’opération se produit. Présentation tardive — RGAE (12.2) Malgré le paragraphe (12.1), un contribuable peut produire la déclaration de renseignements visée au paragraphe (12.1) jusqu’à un an après le délai prévu à ce paragraphe, auquel cas : a) pour l’application des sous-alinéas 152(4)(b)(viii) et (4.01)(b)(xi) à l’opération visée au paragraphe (12.1), la mention « trois » figurant à l’alinéa 152(4)b) vaut mention de « un » an; b) pour l’application du paragraphe 245(5.1) à l’opération, la déclaration de renseignements est réputée avoir été produite dans le délai imparti en vertu du présent article. Application des articles 231 à 231.3
Sans préjudice de leur portée générale, les articles 231 à 231.3 s’appliquent, avec les adaptations nécessaires, en vue de permettre au ministre de vérifier des renseignements concernant une opération à déclarer même dans le cas où une déclaration de revenu n’a pas été produite conformément à l’article 150 pour une année d’imposition de celui-ci au cours de laquelle l’opération se rapporte à l’avantage fiscal visé à l’alinéa (2)a) qui découle (ou devrait découler) de l’opération à déclarer est effectuée. A - B where B is Solicitor-client privilege NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; 2013, c. 34, s. 366; 2023, c. 26, s. 68; 2024, c. 15, s. 64. Abris fiscaux et actions accréditives
Pour l’application du présent article, ne constitue pas une opération à déclarer toute opération qui est, ou qui fait partie d’une série d’opérations comprenant : a) l’acquisition d’un abri fiscal à l’égard duquel une déclaration de renseignements a été présentée au ministre aux termes du paragraphe 237.1(7); b) l’émission d’une action accréditive à l’égard de laquelle une déclaration de renseignements a été présentée au ministre aux termes du paragraphe 66(12.68). Abris fiscaux et actions accréditives — pénalité
Malgré le paragraphe (8), la pénalité dont une personne est passible aux termes de ce paragraphe relativement à une opération à déclarer ne peut excéder la somme obtenue par la formule suivante : A - B où : A représente le montant de la pénalité imposée à la personne selon le paragraphe (8), déterminé compte non tenu du présent paragraphe; B : a) si l’opération consiste à acquérir un abri fiscal, la pénalité dont la personne est passible aux termes du paragraphe 237.1(7.4) relativement à l’abri fiscal, b) si l’opération consiste à émettre une action accréditive, la pénalité dont la personne est passible aux termes du paragraphe 66(12.74) relativement à l’émission de l’action, c) dans les autres cas, zéro. Anti-évitement
Le paragraphe (14) ne s’applique pas à une opération à déclarer s’il est raisonnable de conclure, compte tenu des circonstances, que l’un des principaux objets de l’acquisition d’un abri fiscal ou de l’émission d’une action accréditive consiste à se soustraire à l’application du présent article. Privilège des communications entre client et avocat
Il est entendu que le présent article n’a pas pour effet d’exiger la communication d’informations s’il est raisonnable de croire que les informations sont assujetties au privilège des communications entre client et avocat. NOTE : Les dispositions d’application ne sont pas incluses dans le texte consolidé; voir les lois et règlements modificatifs appropriés; 2013, ch. 34, art. 366; 2023, ch. 26, art. 68; 2024, ch. 15, art. 64. Definitions Designation of notifiable transactions Requirement to file return (i) the notifiable transaction, Application Due diligence Time for filing return Diligence
Les alinéas (4)a) et b) ne s’appliquent pas à une personne relativement à une opération à signaler si elle a agi avec le degré de soin, de diligence et d’habileté afin de déterminer si l’opération est une opération à signaler qu’une personne raisonnablement prudente aurait exercé dans des circonstances comparables. Vraisemblablement censé savoir
Les alinéas (4)c) et d) ne s’appliquent pas à une personne relativement à une opération à signaler, sauf si elle sait ou devrait vraisemblablement savoir que l’opération est une opération à signaler. Services de bureau ou de secrétariat
Il est entendu que le paragraphe (4) ne s’applique pas à une personne du seul fait qu’elle a rendu des services de bureau ou des services de secrétariat relativement à l’opération à signaler. Délai de production
La déclaration de renseignements relativement à une opération à signaler requise en vertu du paragraphe (4) doit être produite au ministre par : a) une personne visée aux alinéas (4)a) ou b) au plus tard le jour donné qui suit de quatre-vingt-dix jours la première des dates suivantes : (i) le jour où la personne a l’obligation contractuelle de conclure l’opération à signaler, (ii) le jour où la personne conclut l’opération à signaler, (iii) si la personne est visée à l’alinéa (4)a) et une personne visée à l’alinéa (4)b) conclut l’opération à signaler au profit de la personne visée à l’alinéa (4)a), le jour où l’opération à signaler est conclue; b) une personne visée aux alinéas (4)c) ou d) au plus tard le premier jour donné visé à l’alinéa a) au profit d’une personne visée aux alinéas (4)a) ou b) relativement à l’opération à signaler. Déclaration d’opérations comprises dans une série
Il est entendu que, si le paragraphe (4) s’applique à une personne relativement à chaque opération qui fait partie d’une série d’opérations comprenant une opération à signaler, la production d’une déclaration de renseignements par la personne qui déclare chaque opération Penalty (ii) $10,000, and Penalty – deeming rule Penalty – non-application Carrying value Return – not an admission Application of sections 231 to 231.3 Solicitor-client privilege Definitions consolidated financial statements has the same meaning as in subsection 233.8(1). (états financiers consolidés) (a) in respect of (c) for a period of time that ends in the taxation year. (états financiers de référence) (c) the corporation is required to file a return of income for the year under section 150. (société déclarante) états financiers de référence Les états financiers vérifiés d’une société pour une année d’imposition qui sont établis, à la fois : a) relativement : (i) soit à la société, (ii) soit à un groupe, dont la société est un membre, de deux ou plusieurs personnes tenues de préparer des états financiers consolidés à des fins d’information financière selon les principes comptables applicables; b) conformément : (i) soit aux normes internationales d’information financière, (ii) soit à d’autres principes comptables généralement reconnus propres à d’autres pays (tel que les principes comptables généralement reconnus américains) applicables aux sociétés qui sont inscrites à la cote d’une bourse de valeurs à l’étranger; c) relativement à une période se terminant au cours de l’année d’imposition. (relevant financial statements) opération S’entend au sens du paragraphe 245(1). (transaction) personne Sont comprises parmi les personnes les sociétés de personnes. (person) société déclarante La société qui, pour une année d’imposition, à la fois : a) a établi des états financiers de référence pour l’année; b) possède des actifs dont la valeur comptable se chiffre à 50 millions de dollars ou plus à la fin de l’année; c) est tenue de produire une déclaration de revenu pour l’année conformément à l’article 150. (reporting corporation) traitement fiscal Le traitement d’une société, relativement à une opération ou une série d’opérations, que la société utilise ou prévoit utiliser, pour une déclaration de revenu ou une déclaration de renseignements (ou utiliserait pour une déclaration de revenu ou une déclaration de renseignements si l’une des déclarations était produite) et comprend la décision de la société de ne pas inclure un montant donné dans les déclarations. (tax treatment) Filing requirement Filing requirement — deadline Penalty Due diligence Return — not an admission traitement fiscal incertain à déclarer Le traitement fiscal d’une société pour une année d’imposition à l’égard duquel une incertitude est reflétée dans les états financiers de référence de la société pour l’année. (reportable uncertain tax treatment) Exigence de production
Toute société déclarante ayant, pour une année d’imposition, au moins un traitement fiscal incertain à déclarer pour l’année doit présenter au ministre, relativement à chaque traitement fiscal incertain à déclarer, une déclaration de renseignements sur le formulaire prescrit contenant les renseignements prescrits. Délai de production
Une déclaration de renseignements qu’une société est tenue de produire en application du paragraphe (2) pour une année d’imposition doit être présentée au ministre au plus tard à la date d’échéance de production qui lui est applicable pour l’année. Cotisations
Malgré les paragraphes 152(4) à (5), le ministre peut établir les cotisations nouvelles et déterminer ou redéterminer les montants voulus pour l’application du paragraphe (5). Pénalité
Toute société qui ne déclare pas un traitement fiscal incertain à déclarer dans une déclaration de renseignements selon les modalités prévues au paragraphe (2) et dans le délai fixé au paragraphe (3) est passible d’une pénalité, pour chacun de ces manquements, égale au produit de 2 000 $ par le nombre de semaines, jusqu’à concurrence de 100 000 $, où le défaut persiste. Diligence
Une société tenue de produire une déclaration de renseignements relativement à un traitement fiscal incertain à déclarer n’est pas passible d’une pénalité prévue au paragraphe (5) si elle a agi avec le degré de soin, de diligence et d’habileté pour prévenir le manquement qu’aurait exercé une personne raisonnablement prudente dans des circonstances comparables. Déclaration — pas une reconnaissance
La production par une société d’une déclaration de renseignements relativement à un traitement fiscal incertain à déclarer conformément au paragraphe (2) ne constitue pas la reconnaissance par la société : a) que le traitement n’est pas conforme à la présente loi ou aux modalités réglementaires; Income Tax Sections 237.5-238 Application of sections 231 to 231.3 Carrying value Compliance orders Impôt sur le revenu
Généralités
b) qu’une opération quelconque fait partie d’une série d’opérations. Application des articles 231 à 231.3
Sans préjudice de leur portée générale, les articles 231 à 231.3 s’appliquent, avec les adaptations nécessaires, si une société est tenue de produire une déclaration de renseignements aux termes du paragraphe (2) concernant un traitement fiscal incertain à déclarer de la société pour une année d’imposition, et ce même si la société n’a pas été tenue de produire une déclaration de revenu en vertu de l’article 150 pour l’année d’imposition de celle-ci, Valeur comptable
Pour l’application de la définition de société déclarante au paragraphe (1), la valeur comptable des actifs d’une société doit être déterminée conformément aux alinéas 181(3)(a) et (b). [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2023, ch. 26, art. 70. Infractions et peines Infractions et peines 238 (1) Toute personne qui omet de produire, de présenter ou de remplir une déclaration, sauf une déclaration visée aux articles 237.3 ou 237.4, de la manière et dans le délai prévus par la présente loi ou par une disposition réglementaire, qui contrevient au paragraphe 116(3), 237.3(1) ou (3.2), 147.1(7) ou 153(1), à l’un des articles 230 à 232, 244.7 et 267 ou à une disposition réglementaire prise en vertu du paragraphe 147.1(18) ou qui contrevient à une ordonnance rendue en application du paragraphe (2) commet une infraction et encourt, outre toute pénalité prévue par ailleurs : a) soit une amende de 1 000 $ à 25 000 $; b) soit une telle amende et un emprisonnement maximal de 12 mois. Ordonnance d’exécution
Le tribunal qui déclare une personne coupable d’une infraction prévue au paragraphe (1) peut rendre toute ordonnance qu’il estime indiquée pour qu’il soit remédié au défaut visé par l’infraction. Saving [NOTE: Application provisions are not included in the consolidated text: see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 238; 2014, c. 20, s. 27; 2024, c. 17, s. 73. (d) by omitting, or assenting to or acquiescing in an omission to enter a material particular in a record or book of account of the person or other person, supérieur à celui auquel elle ou une autre personne a droit, du fait que, selon le cas : a) elle a fait des déclarations fausses ou trompeuses, ou a participé, consenti ou acquiescé à leur énonciation, dans une déclaration, un certificat, un état ou une réponse produit, présenté ou fait en vertu de la présente loi ou de son règlement, b) elle a détruit, altéré, mutilé ou caché ses registres ou livres de comptes, ou ceux de l’autre personne, ou en a disposé autrement, c) elle a fait des inscriptions fausses ou trompeuses, ou a consenti ou acquiescé à leur énonciation, dans ses registres ou livres de comptes ou ceux de l’autre personne, d) elle a omis, ou a consenti ou acquiescé à l’omission, d’inscrire un détail important dans ses registres ou livres de comptes ou ceux de l’autre personne, e) elle a agi volontairement de quelque manière que ce soit, f) elle a comploté avec une autre personne pour commettre une infraction visée au présent paragraphe, En plus de toute autre pénalité prévue par ailleurs, cette personne encourt, sur déclaration de culpabilité par procédure sommaire : g) soit une amende de 50 % à 200 % de l’excédent du montant du remboursement ou du crédit obtenu ou demandé sur le montant auquel elle ou l’autre personne, selon le cas, a droit; h) soit à la fois l’amende prévue à l’alinéa g) et un emprisonnement d’au plus 2 ans. Poursuite par voie de mise en accusation
Toute personne accusée d’une infraction visée aux paragraphes (1) ou (1.1) peut, au choix du procureur général du Canada, être poursuivie par voie de mise en accusation et, si elle est déclarée coupable, en plus de toute autre pénalité prévue par ailleurs : a) d’une part, une amende de 100 % à 200 % des montants suivants : (i) dans le cas de l’infraction visée au paragraphe (1), l’impôt que cette personne a tenté d’éluder, (ii) dans le cas de l’infraction visée au paragraphe (1.1), l’excédent du montant du remboursement ou du crédit obtenu ou demandé sur le montant auquel elle ou l’autre personne, selon le cas, a droit; Income Tax
(2.2) Every person who (a) contravenes subsection 241(1), or Idem (2.21) Every person (b) who is an official to whom taxpayer information has been provided for a particular purpose under paragraph 241(4)(a), (d), (f), (f.1), (j), (j.1) or (j.2) Definitions Impôt sur le revenu
Infractions et peines
b) d’autre part, un emprisonnement maximal de cinq ans. Faux numéro d’identification d’un abri fiscal (2.1) Toute personne qui donne volontairement un faux numéro d’inscription d’abri fiscal à une autre personne commet une infraction et encourt, sur déclaration de culpabilité par procédure sommaire et outre toute pénalité prévue par ailleurs : a) une amende de 100 % à 200 % du coût, pour cette autre personne, de sa part dans cet abri fiscal; b) un emprisonnement maximal de deux ans; c) ou l’une de ces peines. Communication non autorisée de renseignements (2.2) Commet une infraction et encourt, sur déclaration de culpabilité par procédure sommaire, une amende maximale de 5 000 $ et un emprisonnement maximal de 12 mois, ou l’une de ces peines, toute personne : a) soit qui contrevient au paragraphe 241(1); b) soit qui, sciemment, contrevient à une ordonnance rendue en application du paragraphe 241(4.1). Idem (2.21) Commet une infraction et encourt, sur déclaration de culpabilité par procédure sommaire, une amende maximale de 5 000 $ et un emprisonnement maximal de 12 mois, ou l’une de ces peines : a) toute personne à qui un renseignement confidentiel est fourni à une fin précise en conformité avec les alinéas 241(4)(b), (c), (e), (h), k), n), o) ou p); b) toute personne à qui un renseignement confidentiel a été fourni à une fin précise en conformité avec les alinéas 241(4)a), (d), (f), f.1), j), j.1) ou j.2), et qui, sciemment, utilise ce renseignement, le fournit ou en permet la prestation ou l’accès à une autre fin. Définitions (2.22) Pour l’application du paragraphe (2.21), les expressions fonctionnaire et renseignement confidentiel s’entendent au sens du paragraphe 241(10). (2.31) [Repealed, 2017, c. 12, s. 13] Definitions (a) any taxable obligation, or (b) any non-taxable obligation Provision of information Evidence relating to taxpayer information
Subsections 241(1) and 241(2) do not apply in respect of Certain qualified donees athletic association or registered journalism organization: (d) a copy of the notification of the registrant’s registration, including any conditions and warnings; (f) financial statements required to be filed with an information return referred to in subsection 149.1(14) or (14.1); sport amateur ou une organisation journalistique enregistrée à un moment donné : a) une copie des statuts régissant la personne enregistrée, y compris l’énoncé de son but et, dans le cas d’une association canadienne de sport amateur, de sa fonction; b) les renseignements que la personne enregistrée a fournis au ministre selon le formulaire prescrit au moment de sa demande d’enregistrement sous le régime de la présente loi; c) le nom des personnes qui sont ou ont été les administrateurs de la personne enregistrée et la durée de leur mandat; d) une copie de l’avis d’enregistrement, y compris les conditions et avertissements; e) en cas de révocation ou d’annulation de l’enregistrement de la personne enregistrée, une copie de tout ou partie d’une lettre qui lui a été envoyée par le ministre, pour son compte, indiquant la raison de la révocation ou de l’annulation; f) les états financiers à produire avec la déclaration de renseignements visée au paragraphe 149.1(14) ou (14.1); g) une copie de tout ou partie d’une lettre ou d’un avis envoyé à la personne enregistrée par le ministre au sujet d’une suspension prévue à l’article 188.2 ou d’une cotisation concernant un impôt ou une pénalité à payer sous le régime de la présente loi, à l’exception d’une cotisation concernant une somme à payer en vertu du paragraphe 188.1(1); h) dans le cas d’une personne enregistrée qui est un organisme de bienfaisance, toute demande de désignation, de détermination ou d’approbation qu’elle présente en vertu de tout ou partie des paragraphes 149.1(6.3), (7), (8) ou (13), ainsi que les renseignements présentés à l’appui de cette demande; i) dans le cas d’une personne enregistrée qui est un organisme de bienfaisance, relativement à toute demande de détermination qu’elle présente en vertu de paragraphe 149.1(15), les renseignements relatifs à la demande, y compris : (i) la demande, (ii) les renseignements présentés à l’appui de la demande, (e) the total number of points so allotted; and (d) provide taxpayer information réception d’un crédit d’impôt pour l’économie propre (au sens du paragraphe 127.47(1)) par une société ou une fiducie : a) le nom, y compris un nom d’entreprise, des entités suivantes : (i) la société ou la fiducie, (ii) une société de personnes, dont une personne visée au sous-alinéa (i) est un associé ou l’était, ou est réputée être un associé ou était réputée l’être en vertu du paragraphe 127.47(7), à l’égard du crédit d’impôt; b) le type particulier de crédit d’impôt; c) la période à laquelle le crédit d’impôt se rapporte. Communication de renseignements (3.5) Le ministre peut communiquer au public, ou autrement mettre à sa disposition, de la façon qu’il estime indiquée, le nom de toute personne ou société de personnes qui a fait une demande en application de l’article 125.7. Divulgation d’un renseignement confidentiel
Un fonctionnaire peut : a) fournir à une personne un renseignement confidentiel qu’il est raisonnable de considérer comme nécessaire à l’application ou à l’exécution de la présente loi, du Régime de pensions du Canada ou de la Loi sur l’assurance-emploi, mais uniquement à cette fin; b) fournir à une personne un renseignement confidentiel qu’il est raisonnable de considérer comme nécessaire à la détermination de quelque impôt, intérêt, pénalité ou autre montant payable par la personne, ou pouvant le devenir, ou de quelque crédit d’impôt ou remboursement auquel elle a droit, ou pourrait avoir droit, en vertu de la présente loi, ou de tout autre montant à prendre en compte dans une telle détermination; c) fournir, mais uniquement en vue de la gestion d’un régime de pension agréé, l’attestation visée à l’alinéa 147.1(10)a), ou le refus de la faire, à la personne qui la demande; d) fournir un renseignement confidentiel : (i) à un fonctionnaire du ministère des Finances, mais uniquement en vue de la formulation ou l’évaluation de la politique fiscale, (B) un processus est un processus de CUSC (au sens de l’article 127.44), si un bien constitue un matériel à double usage (au sens de l’article 127.44), si un projet est un projet de CUSC admissible (au sens de l’article 127.44) ou si le bien est décrit aux catégories 57 ou 58 de l’annexe II du Règlement de l’impôt sur le revenu, (C) un bien constitue un bien de technologie propre (au sens de l’article 127.45), (D) un coût constitue un coût en capital de FTZE ou un coût en main-d’œuvre de FTZE (au sens de l’article 125.2) et les activités sont des activités admissibles de fabrication de technologies à zéro émission (au sens de la partie LII du Règlement de l’impôt sur le revenu), (vi.2) à une personne employée ou engagée dans un organisme fédéral, mais uniquement en vue de l’application ou de l’exécution des articles 127.44 à 127.49 et 211.92 à 211.95, ou en vue de l’évaluation ou de la formulation de politiques ou de lignes directrices connexes, (vii) à un fonctionnaire, mais uniquement en vue de l’application ou de l’exécution de la Loi canadienne sur les normes de prestation de pension, de la Loi sur les régimes de pension agréés collectifs ou d’une loi provinciale semblable, (vii.1) à un fonctionnaire, mais uniquement en vue de l’application ou de l’exécution de la Loi canadienne sur l’épargne-études ou d’un programme provincial désigné au sens du paragraphe 146.1(1), (vii.2) à un fonctionnaire, mais uniquement en vue de l’application ou de l’exécution de la partie 1 de la Loi sur les mesures d’aide liées au coût de l’énergie, (vii.3) à un fonctionnaire, mais uniquement en vue de l’application de la Loi sur les allocations spéciales pour enfants, ou en vue de l’évaluation ou de la formation de politique concernant cette loi, (vii.4) à un fonctionnaire, mais uniquement en vue de l’application de la Loi sur la prestation universelle pour la garde d’enfants, ou en vue de l’évaluation ou de la formation de la politique concernant cette loi, (vii.5) à un fonctionnaire, mais uniquement en vue de l’application ou de l’exécution de la Loi canadienne sur l’épargne-invalidité ou d’un programme provincial désigné au sens du paragraphe 146.4(1), (vii.51) à un fonctionnaire, mais uniquement en vue de l’application et de l’exécution de la Loi sur la prestation canadienne pour les personnes handicapées, ou en vue de l’évaluation ou de la formulation des politiques concernant cette loi, (vii.6) à un fonctionnaire, mais uniquement en vue de l’application et de l’exécution de la Loi sur la prestation canadienne d’urgence ou en vue de la formulation et de l’évaluation des politiques concernant cette loi, (vii.7) à un fonctionnaire, mais uniquement en vue de l’application et de l’exécution de la Loi sur les prestations canadiennes de relance économique ou de la Loi sur la prestation canadienne pour les travailleurs en cas de confinement, ou en vue de l’évaluation ou de la formulation des politiques concernant ces lois, (vii.8) à un fonctionnaire, si ce renseignement confidentiel est relatif à un individu qui a présenté une demande en vertu de la Loi sur les prestations canadiennes de relance économique ou de la Loi sur la prestation canadienne pour les travailleurs en cas de confinement, mais uniquement pour : (A) le ministre de l’Emploi et du Développement social, (B) le ministre du Travail, (C) la Commission de l’assurance-emploi du Canada, (vii.9) à un fonctionnaire d’un ministère ou d’une agence fédéral ou provincial (ou à un individu titulaire d’une charge équivalente au sein d’un gouvernement autochtone) quant au nom, numéro d’assurance sociale, date de naissance, adresse, numéro de téléphone, adresse électronique ou profession d’un individu qui a présenté une demande en vertu de la Loi sur les prestations canadiennes de relance économique ou de la Loi sur la prestation canadienne pour les travailleurs en cas de confinement, mais uniquement pour : (A) l’application et l’exécution des prestations et soutiens à l’emploi et des programmes d’aide sociale établis par un ministère ou une agence du gouvernement du Canada, d’une province ou d’un gouvernement autochtone, (A) Her Majesty in right of Canada, or (B) Her Majesty in right of a province, fédéral ou provincial institué au titre d’un accord conclu en application de la Loi sur la protection du revenu agricole, (xii) à un membre de la Commission canadienne d’examen des exportations de biens culturels ou à un fonctionnaire du Service canadien d’appui aux tribunaux administratifs, mais uniquement en vue de l’application des articles 32 à 33.2 de la Loi sur l’exportation et l’importation de biens culturels, (xiii) à un fonctionnaire, mais uniquement en vue de procéder, par voie de compensation, à la retenue, sur toute somme due par Sa Majesté du chef du Canada, de tout montant tel que : (A) soit de Sa Majesté du chef du Canada, (B) soit de Sa Majesté du chef d’une province, (xiv) à un fonctionnaire, mais uniquement pour l’application de l’article 7.1 de la Loi sur les arrangements fiscaux entre le gouvernement fédéral et les provinces et sur les contributions fédérales en matière d’enseignement postsecondaire et de santé, (xv) à un fonctionnaire du Centre d’analyse des opérations et déclarations financières du Canada, mais uniquement en vue de permettre au Centre d’évaluer l’utilité des renseignements qu’il fournit à l’Agence du revenu du Canada en vertu de la Loi sur le recyclage des produits de la criminalité et le financement des activités terroristes, (xvi) à une personne employée ou engagée par un organisme fédéral ou provincial dont le mandat comprend le versement de montants d’aide, au sens des paragraphes 125.4(1) ou 125.5(1), relativement à des productions cinématographiques ou magnétoscopiques ou à des services de production cinématographique ou magnétoscopique, mais uniquement en vue de l’application ou de l’exécution du programme dans le cadre duquel le montant d’aide est offert, (xvi.1) à une personne employée ou engagée par un organisme fédéral ou provincial dont le mandat comprend le versement de montants d’aide, au sens du paragraphe 125.6(1), relativement à des organisations journalistiques canadiennes qualifiées, mais uniquement en vue de l’application ou de l’exécution du programme dans le cadre duquel le montant d’aide est offert, (xvi.2) à une entité visée à l’alinéa b) de la définition d’organisation journalistique canadienne (xx) to an official of (xx.1) to an official of (i) subsection 36(2) or section 46 of the Access to Information Act, (iii) section 92 of the Canada Pension Plan, (viii) paragraph 33.1(a) of the Old Age Security Act, (ix) subsection 34(2) or section 45 of the Privacy Act, (B) du ministère de la Santé, mais uniquement en vue de la formulation ou de l’évaluation de la politique concernant ce premier régime, (xxi) à un fonctionnaire de l’Agence du revenu du Canada, mais uniquement en vue de l’application ou de l’exécution de la Loi sur la prestation pour logement locatif, (xxii) à une personne qui est employée par la Société canadienne d’hypothèques et de logement, qui occupe une fonction de responsabilité au service de cette société ou qui est engagée par cette société ou en son nom, mais uniquement en vue de la formulation ou de l’évaluation de la politique concernant la Loi sur la prestation pour logement locatif, (xxiii) à un fonctionnaire, mais uniquement en vue d’un examen de sécurité en vertu du paragraphe 83.032(10) ou de l’article 83.034 du Code criminel, qu’il est raisonnable de considérer comme étant utile pour l’examen de sécurité; e) fournir un renseignement confidentiel, ou en permettre l’examen ou l’accès, en conformité avec les dispositions ou documents suivants, mais uniquement pour leur application : (i) le paragraphe 36(2) ou l’article 46 de la Loi sur l’accès à l’information, (ii) l’article 13 de la Loi sur le vérificateur général, (iii) l’article 92 du Régime de pensions du Canada, (iv) un mandat décerné aux termes du paragraphe 21(3) de la Loi sur le service canadien du renseignement de sécurité, (v) une ordonnance rendue en vertu du paragraphe 462.48(3) du Code criminel, (vi) l’article 26 de la Loi sur l’exportation et l’importation de biens culturels, (vii) l’article 79 de la Loi d’aide à l’exécution des ordonnances et des ententes familiales, (viii) l’alinéa 33.1a) de la Loi sur la sécurité de la vieillesse, (ix) le paragraphe 34(2) ou l’article 45 de la Loi sur la protection des renseignements personnels, (x) l’article 24 de la Loi sur la statistique, (j) use taxpayer information relating to a taxpayer to provide information to the taxpayer; (xi) l’article 9 de la Loi sur la cession du droit au remboursement en matière d’impôt, (xii) une disposition d’un traité fiscal ou d’un accord international désigné, (xiii) une ordonnance rendue sous le régime de la Loi sur l’entraide juridique en matière criminelle pour l’obtention ou la transmission de renseignements dans le cadre d’une enquête ou d’une poursuite portant sur des actes ou omissions qui, s’ils étaient commis au Canada, constitueraient une infraction pour laquelle une ordonnance pourrait être obtenue en vertu du paragraphe 462.48(3) du Code criminel, en réponse à une demande présentée : (A) soit conformément à une entente administrative conclue en vertu de l’article 6 de la Loi sur l’entraide juridique en matière criminelle, (B) soit conformément à un accord bilatéral pour l’entraide juridique en matière criminelle, auquel le Canada est partie; f) fournir un renseignement confidentiel, mais uniquement dans les cas prévus aux articles 23 à 25 de la Loi sur la gestion des finances publiques; f.1) fournir un renseignement confidentiel à un fonctionnaire pour l’application et le contrôle d’application de la Loi sur l’enregistrement des organismes de bienfaisance (renseignements de sécurité); le fonctionnaire qui a ainsi reçu un renseignement confidentiel peut le fournir à un autre fonctionnaire conformément avec le paragraphe (9.1); g) utiliser un renseignement confidentiel en vue de compiler des renseignements sous une forme qui ne révèle pas, même indirectement, l’identité du contribuable en cause; h) utiliser ou fournir un renseignement confidentiel, mais uniquement à une fin liée à la surveillance ou à l’évaluation d’une personne autorisée, ou à des mesures disciplinaires prises à son endroit, par Sa Majesté du chef du Canada relativement à une période au cours de laquelle la personne autorisée était soit employée par Sa Majesté du chef du Canada, soit engagée par elle ou en son nom, pour aider à l’application ou à l’exécution de la présente loi, du Régime de pensions du Canada ou de la Loi sur l’assurance-emploi, dans la mesure où le renseignement a rapport à cette fin; h.1) utiliser ou fournir un renseignement confidentiel à un fonctionnaire d’un ministère ou organisme fédéral, mais uniquement à une fin liée à l’application ou à Income Tax
(j.2) provide information obtained under section 122.62 to an official of the government of a province solely for the purposes of the administration or enforcement of a prescribed law of the province; (ii) a by-law of a municipality in Canada or a law of an aboriginal government; Impôt sur le revenu
Infractions et peines
l’exécution d’un programme prévoyant le versement d’un paiement unique aux personnes handicapées pour des raisons liées à la maladie à coronavirus 2019 (COVID-19), dans la mesure où le renseignement a rapport à cette fin; i) donner accès à des documents renfermant des renseignements confidentiels au bibliothécaire et archiviste du Canada ou à une personne agissant en son nom ou sur son ordre, mais uniquement pour l’application de l’article 12 de la Loi sur la Bibliothèque et les Archives du Canada, et transférer de tels documents sous la garde et la responsabilité de ces personnes, mais uniquement pour l’application de l’article 13 de cette loi; ii) utiliser un renseignement confidentiel concernant un contribuable en vue de lui fournir un renseignement; j.1) fournir un renseignement confidentiel à un fonctionnaire ou à une personne déterminée, après entente en vue de permettre que soit effectué, à l’égard d’un demandeur d’assistance sociale fait après examen de ses ressources, des besoins ou des revenus, un redressement ayant pour effet de réduire ou d’éliminer un paiement en trop versé au demandeur, dans les cas : (i) la valeur, à l’égard d’une personne, de l’élément C de la formule figurant au paragraphe 122.61(1) dans sa version applicable avant juillet 2018 pour une année de base (au sens de l’article 122.6) antérieure à 2017, (ii) une somme déterminée à l’égard d’une personne selon les paragraphes 122.61(1) ou (1.1) pour une année de base (au sens de l’article 122.6) postérieure à 2014; j.2) fournir à un fonctionnaire d’un gouvernement provincial un renseignement obtenu en vertu de l’article 122.62, mais uniquement en vue de l’application ou de l’exécution d’une loi de la province visée par règlement; k) fournir un renseignement confidentiel à une personne qui y a légalement droit par ailleurs par l’effet d’une loi fédérale, ou lui en permettre l’examen ou l’accès, mais uniquement aux fins auxquelles elle y a droit; l) sous réserve du paragraphe (9.2), fournir au représentant d’une entité gouvernementale le numéro d’entreprise d’un détenteur de numéro d’entreprise (s’il ne s’agit d’un particulier exclu), le nom du détenteur (y compris tout nom commercial ou autre nom qu’il utilise) ainsi que les coordonnées, renseignements (A) the name of the shareholder, (I) business number, (II) partnership account number, (III) social insurance number, or q) fournir un renseignement confidentiel à un fonctionnaire d’un gouvernement provincial, mais uniquement en vue de l’application par ce gouvernement d’un programme de supplément de revenu ou de soutien du revenu; r) fournir des renseignements confidentiels à une personne qui a conclu, dans le cadre d’un programme administré par l’Agence du revenu du Canada qui permet d’obtenir des renseignements concernant l’inobservation fiscale, un contrat pour la fourniture de renseignements à l’Agence du revenu du Canada, dans la mesure nécessaire pour informer la personne de toute somme qu’elle pourrait recevoir en vertu du contrat et de l’état de son dossier en vertu du contrat; s) fournir à un fonctionnaire du Centre d’analyse des opérations et déclarations financières du Canada, dans l’unique but d’assurer l’observation de la partie 1 de la Loi sur le recyclage des produits de la criminalité et le financement des activités terroristes, des renseignements confidentiels : (i) d’une part, qui est raisonnable de considérer comme étant utiles pour déterminer si une entité déclarante, au sens de l’article 244.1, s’est conformée à un devoir ou à une obligation prévu par la partie XV.1, (ii) d’autre part, qui ne révèlent pas, même indirectement, l’identité d’un client, au sens de l’article 244.1; t) fournir des renseignements confidentiels à un fonctionnaire, mais uniquement en vue de permettre à l’actuaire en chef du Bureau du surintendant des institutions financières d’effectuer des révisions actuarielles des régimes de pension établis sous le régime de la Loi sur la sécurité de la vieillesse conformément aux exigences de la Loi sur les rapports relatifs aux pensions publiques; u) fournir à un fonctionnaire du ministère de l’Industrie, mais uniquement en vue de la vérification et de la validation des données à envoyer en vertu de l’article 21.21 de la Loi canadienne sur les sociétés par actions relativement à une société privée (appelée « société donnée » au présent alinéa), les renseignements suivants : (i) concernant chaque société (appelée la « société en cause » au présent alinéa) qui est liée ou associée à la société donnée au cours d’une année d’imposition : (A) le nom de la société en cause, (B) la juridiction de résidence de la société en cause, (C) le numéro d’entreprise de la société en cause, (D) le lien entre la société donnée et la société en cause, (E) le nombre d’actions de chaque catégorie du capital-actions de la société en cause qui appartiennent à la société donnée, (F) le pourcentage de toutes les actions émises et en circulation de chaque catégorie du capital-actions de la société en cause qui appartiennent à la société donnée, (ii) pour chaque actionnaire qui détient au moins 10 % de toute catégorie du capital-actions de la société donnée au cours d’une année d’imposition : (A) le nom de l’actionnaire, (B) que l’actionnaire soit une société, une société de personnes, un particulier ou une fiducie, (C) selon le cas : (I) le numéro d’entreprise de l’actionnaire, (II) le numéro de compte de la société de personnes de l’actionnaire, (III) le numéro d’assurance sociale de l’actionnaire, (IV) le numéro de compte de fiducie de l’actionnaire, (D) le pourcentage de toutes les actions émises et en circulation de chaque catégorie du capital-actions de la société donnée qui appartiennent à l’actionnaire, (iii) l’année d’imposition à laquelle les renseignements visés aux sous-alinéas (i) et (ii) sont afférents. Measures to prevent unauthorized use or disclosure Mesures visant à prévenir l’utilisation ou la divulgation non autorisées d’un renseignement (4.1) La personne qui préside une procédure judiciaire concernant la surveillance ou l’évaluation d’une personne autorisée ou des mesures disciplinaires à son égard peut ordonner les mesures nécessaires pour éviter qu’un renseignement confidentiel soit (a) holding a hearing in camera; (d) sealing the records of the proceeding. Disposition of appeal utilisé ou fourni à une fin étrangère à la procédure, y compris : a) la tenue d’une audience à huis clos; b) la non-publication du renseignement; c) la suppression de l’identité du contribuable en cause; d) la mise sous scellés du procès-verbal des délibérations. Divulgation d’un renseignement confidentiel
Un fonctionnaire ou autre représentant d’une entité gouvernementale peut fournir un renseignement confidentiel : a) au contribuable en cause; b) à toute autre personne, avec le consentement du contribuable en cause. Appel d’une ordonnance ou des instructions
Le ministre ou la personne — fonctionnaire, autre représentant d’une entité gouvernementale ou personne autorisée — contre laquelle une ordonnance est rendue ou des instructions données dans le cadre ou à l’occasion d’une procédure judiciaire enjoignant à la personne de témoigner, ou de produire quoi que ce soit, relativement à un renseignement confidentiel peut sans délai, par avis signifié aux parties intéressées, interjeter appel de l’ordonnance ou des instructions auprès : a) la cour d’appel de la province dans laquelle l’ordonnance est rendue ou les instructions sont données, dans les cas d’une ordonnance rendue ou d’instructions données par une cour ou un autre tribunal établi sous le régime des lois de la province, que cette cour ou ce tribunal exerce ou non une compétence conférée par les lois du Canada; b) la Cour d’appel fédérale, dans le cas d’une ordonnance ou les instructions données par une cour ou un autre tribunal établi sous le régime des lois du Canada. Décision quant à l’appel
La cour à laquelle est interjeté appel en conformité avec le paragraphe (6) peut permettre l’appel et annuler l’ordonnance ou les instructions frappées d’appel ou rejeter l’appel, et les règles de pratique et la procédure régissant les appels à la cour s’appliquent, avec les adaptations nécessaires, à un appel interjeté en conformité avec ce paragraphe. Stay of order or direction Threats to security (a) publicly accessible charity information; Threats to security avoir commis une telle infraction ou d’intenter une poursuite relative à une telle infraction : (i) les dispositions de la partie II.1 du Code criminel, (ii) l’article 462.31 du Code criminel, si l’enquête, la vérification ou la poursuite en cause est liée à une enquête, à une vérification ou à une poursuite relatives à une infraction prévue à la partie II.1 de cette loi; b) de mener une enquête pour établir si les activités d’une personne sont de nature à constituer des menaces envers la sécurité du Canada, au sens de la Loi sur le Service canadien du renseignement de sécurité. Restrictions — partage des renseignements (9.2) Un renseignement ne peut être fourni au représentant d’une entité gouvernementale en conformité avec l’alinéa (4)i) relativement à un programme, à une activité ou à un service offert ou entrepris par l’entité que si celle-ci utilise le numéro d’entreprise comme identificateur du programme, de l’activité ou du service. Communication au public (9.3) Le ministre peut mettre à la disposition du public, relativement à un programme, à une activité ou à un service qu’il offre ou entreprend, le numéro d’entreprise d’un détenteur de numéro d’entreprise (sauf s’il s’agit d’un particulier exclu) ainsi que le nom du détenteur (y compris tout nom commercial ou autre nom qu’il utilise). Communication au public par le représentant d’une entité gouvernementale (9.4) Le représentant d’une entité gouvernementale peut mettre à la disposition du public, relativement à un programme, à une activité ou à un service offert ou entrepris par l’entité, le numéro d’entreprise d’un détenteur de numéro d’entreprise (sauf s’il s’agit d’un particulier exclu) ainsi que le nom du détenteur (y compris tout nom commercial ou autre nom qu’il utilise), si, à la fois : a) ces renseignements ont été fournis au représentant de l’entité en conformité avec l’alinéa (4)i); b) l’entité utilise le numéro d’entreprise comme identificateur du programme, de l’activité ou du service. Infractions graves (9.5) Un fonctionnaire peut fournir les renseignements ci-après à un agent d’exécution de la loi d’une organisation de police compétente : (iii) an offence (II) involved the import, export, trafficking or production of drugs, or Definitions
In this section aboriginal government means an aboriginal government as defined in subsection 2(1) of the Federal-Provincial Fiscal Arrangements Act; (gouvernement autochtone) a) des renseignements confidentiels, si le fonctionnaire a des motifs raisonnables de croire qu’ils constituent des éléments de preuve d’une action ou d’une omission commise au Canada ou à l’étranger qui, si elle était commise au Canada, constituerait : (i) une infraction prévue à l’une des dispositions suivantes : (A) l’article 3 de la Loi sur la corruption d’agents publics étrangers, (B) les articles 119 à 121, 123 à 125 et 426 du Code criminel, (C) l’article 465 du Code criminel, relativement à une infraction visée à la division (B), (D) les articles 144, 264, 271, 279, 279.02, 281 et 333.1, les alinéas 334a) et 348(1)e) et les articles 349, 435 et 462.31 du Code criminel, (ii) une infraction de terrorisme ou une infraction d’organisation criminelle, au sens de l’article 2 du Code criminel, passible d’une peine maximale d’emprisonnement de dix ans ou plus, (iii) une infraction passible : (A) d’une peine minimale d’emprisonnement, (B) d’une peine maximale d’emprisonnement de quatorze ans ou d’emprisonnement à perpétuité, (C) d’une peine maximale d’emprisonnement de dix ans, et selon le cas : (I) dont la perpétration entraîne des lésions corporelles, (II) qui met en cause l’importation, l’exportation, le trafic ou la production de drogues, (III) qui met en cause l’usage d’une arme; b) les renseignements établissant les motifs raisonnables mentionnés à l’alinéa a), dans la mesure où ces motifs sont fondés sur les renseignements visés à cet alinéa. Définitions
Les définitions qui suivent s’appliquent au présent article. coordonnées En ce qui concerne le détenteur d’un numéro d’entreprise, ses nom, adresse, numéro de téléphone, numéro de télécopieur et langue de communication. business number [Repealed, 1998, c. 19, s. 236(9)] (d) officers or members of the holder, if the holder is not described by any of paragraphs (a) to (c); (coordonnées) (a) His Majesty in right of Canada or of a province, communication préférée, ou tous renseignements semblables le concernant déterminés par le ministre, y compris les renseignements de cet ordre concernant l’une ou plusieurs des entités suivantes : a) ses fiduciaires, si le détenteur est une fiducie; b) ses associés, s’il est une société de personnes; c) ses cadres, s’il est une société; d) ses cadres ou membres, s’il n’est pas visé à l’un des alinéas a) à c). (contact information) cour d’appel S’entend au sens de la définition de cette expression à l’article 2 du Code criminel. (court of appeal) entité gouvernementale a) Ministère ou agence du gouvernement du Canada ou d’une province; b) municipalité du Canada; c) gouvernement autochtone; d) société dont l’ensemble des actions du capital-actions, à l’exception des actions conférant l’admissibilité aux postes d’administrateurs, appartiennent à une ou plusieurs des personnes suivantes : (i) Sa Majesté du chef du Canada, (ii) Sa Majesté du chef d’une province, (iii) une municipalité du Canada, (iv) une société visée au présent alinéa; e) conseil ou commission, établi par Sa Majesté du chef du Canada ou d’une province ou par une ou plusieurs municipalités du Canada, qui exerce une fonction gouvernementale ou municipale, selon le cas, d’ordre administratif ou exécutif. (government entity) fonctionnaire Personne qui est ou a été employée par la personne ou l’administration suivante, qui occupe ou a occupé une fonction de responsabilité au service d’une telle personne ou administration ou qui est ou a été engagée par une telle personne ou administration ou en son nom : a) Sa Majesté du chef du Canada ou d’une province; b) une administration chargée de l’application d’une loi provinciale semblable à la Loi de 1985 sur les Income Tax
(a) a municipality in Canada, or designated taxpayer information [Repealed, 2015, c. 20, s. 6] (b) a municipality in Canada, (c) an aboriginal government, (i) Her Majesty in right of Canada, (ii) Her Majesty in right of a province, (iii) a municipality in Canada, or (a) Her Majesty in right of Canada or a province, or normes de prestation de pension ou à la Loi sur les régimes de pension agréés collectifs. Pour l’application du paragraphe 239(2.21), des paragraphes (1) et (2), du passage du paragraphe (4) précédant l’alinéa a) et des paragraphes (5) et (6), une personne déterminée est assimilée à un fonctionnaire. (official) gouvernement autochtone S’entend au sens du paragraphe 2(1) de la Loi sur les arrangements fiscaux entre le gouvernement fédéral et les provinces. (aboriginal government) numéro d’entreprise [Abrogé, 1998, ch. 19, art. 236(9)] particulier exclu Particulier qui est détenteur d’un numéro d’entreprise du seul fait qu’il est tenu en vertu de la présente loi d’opérer une déduction ou une retenue sur une somme payée ou créditée, ou réputée l’être. (excluded individual) personne autorisée Personne engagée ou employée, ou précédemment engagée ou employée, par Sa Majesté du chef du Canada, ou en son nom, pour assurer l’application des paragraphes (2), (5) et (6) ou représentant d’une entité gouvernementale qui n’est pas un fonctionnaire, le terme vise les personnes mentionnées à l’alinéa (4)). (taxpayer information) personne déterminée Personne qui est ou a été employée par la personne ou l’organisme suivant, qui occupe ou a occupé une position de responsabilité au service d’une telle personne ou d’un tel organisme ou qui a été engagée par une telle personne ou un tel organisme, ou en son nom : a) une municipalité du Canada; b) un organisme public remplissant des fonctions gouvernementales au Canada. (designated person) renseignement confidentiel Renseignement de toute nature et sous toute forme concernant un ou plusieurs contribuables et qui : a) est obtenu par le ministre ou en son nom pour l’application de la présente loi; b) est tiré d’un renseignement visé à l’alinéa a). N’est pas un renseignement confidentiel le renseignement qui ne révèle pas, même indirectement, l’identité du contribuable en cause. Par ailleurs, pour l’application des paragraphes (2), (5) et (6) ou représentant d’une entité gouvernementale qui n’est pas un fonctionnaire, le terme vise les personnes mentionnées à l’alinéa (4)). (taxpayer information) (c) information prepared from information referred to in paragraph (a) or (b); (renseignement d’organismes de bienfaisance accessible au public) (a) any information pertaining to the legal form of the holder, (d) the reasons for the cessation, resumption or change referred to in subparagraph (c)(iii) or (iv); (renseignements relatifs à l’inscription) References to “this Act” [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1970-71-72, c. 63, s. 124; 1985, c. 15 (Supp.), s. 21; 1994, c. 7, Sch. II, s. 118; 2004, c. 15, s. 22; 2005, c. 19, s. 15, c. 21, s. 103; 2006, c. 4, s. 7; c. 9, s. 41; c. 13, s. 112; c. 15, s. 37; c. 22, s. 65; c. 25, s. 46; c. 33, s. 70; 2007, c. 2, s. 5; c. 35, s. 68; 2008, c. 28, s. 5; 2009, c. 2, s. 36; c. 31, s. 23; 2010, c. 12, s. 65; c. 25, s. 87; 2011, c. 5, s. 203; 2013, c. 12, s. 86; c. 26, s. 26; 2016, c. 12, s. 115; c. 25, s. 22; 2020, c. 6, s. 25; c. 12, s. 5; c. 23, s. 22; 2021, c. 23, s. 16; c. 25, s. 8; 2022, c. 5, s. 20; c. 12, s. 4; c. 15, s. 5; c. 20, s. 22; c. 24, s. 5; c. 25, s. 8; c. 26, s. 4; c. 35, s. 5; c. 40, s. 5; c. 41, s. 5; c. 45, s. 5; 2023, c. 6, s. 7; c. 20, s. 5; c. 17, s. 2024, c. 15, s. 665; 2024, c. 17, s. 74; 2024, c. 17, s. 80. (ii) le début de ses activités, (iii) la cessation ou la reprise de ses activités, (iv) le remplacement de son numéro d’entreprise; d) la raison de la cessation, de la reprise ou du remplacement visés aux sous-alinéas c)(iii) ou (iv). (registration information) représentant Est représentant d’une entité gouvernementale toute personne qui est employée par l’entité, qui occupe une fonction de responsabilité à son service ou qui est engagée par elle en son nom, y compris, pour l’application des paragraphes (1), (2), (5) et (6), toute personne qui a déjà été employée, a déjà occupé une telle fonction ou a déjà été ainsi engagée. (representative) Mention « présente loi »
La mention « présente loi » aux paragraphes (1), (3), (4) et (10) vaut mention de la présente loi et de la loi sur les arrangements fiscaux entre le gouvernement fédéral et les provinces. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1970-71-72, c. 63, art. 124; 1985, c. 15 (Suppl.), art. 21; 1994, c. 7, ann. II, art. 118; 2004, c. 15, art. 22; 2005, c. 19, art. 15, c. 21, art. 103; 2006, c. 4, art. 7; c. 9, art. 41; c. 13, art. 112; c. 15, art. 37; c. 22, art. 65; c. 25, art. 46; c. 33, art. 70; 2007, c. 2, art. 5; c. 35, art. 68; 2008, c. 28, art. 5; 2009, c. 2, art. 36; c. 31, art. 23; 2010, c. 12, art. 65; c. 25, art. 87; 2011, c. 5, art. 203; 2013, c. 12, art. 86; c. 26, art. 26; 2016, c. 12, art. 115; c. 25, art. 22; 2020, c. 6, art. 25; c. 12, art. 5; c. 23, art. 22; 2021, c. 23, art. 16; c. 25, art. 8; 2022, c. 5, art. 20; c. 12, art. 4; c. 15, art. 5; c. 20, art. 22; c. 24, art. 5; c. 25, art. 8; c. 26, art. 4; c. 35, art. 5; c. 40, art. 5; c. 41, art. 5; c. 45, art. 5; 2023, c. 6, art. 7; c. 20, art. 5; c. 17, art. 74; 2024, c. 15, art. 665; 2024, c. 17, art. 80. Responsabilité pénale des dirigeants, etc. de sociétés 242 En cas de perpétration par une société d’une infraction à la présente loi, ceux de ses dirigeants, administrateurs ou mandataires qui l’ont ordonnée ou autorisée, ou qui y ont consenti ou participé, sont considérés comme coauteurs de l’infraction et encourent, sur déclaration de culpabilité, la peine prévue, que la société ait été ou non poursuivie ou déclarée coupable. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1970-71-72, c. 63, art. 124.2. Pouvoir de diminuer les peines 243 Malgré le Code criminel ou toute autre loi ou règle de droit en vigueur le 30 juin 1948, le tribunal n’a, dans toute poursuite ou procédure engagée sous le régime de la présente loi, aucun pouvoir d’imposer moins que Income Tax Sections 243-244 Information or complaint Limitation period Impôt sur le revenu
Infractions et peines
Procédure et preuve Dénonciation ou plainte 244 (1) Une dénonciation ou plainte relative à la présente loi peut être déposée ou faite par tout fonctionnaire de l’Agence du revenu du Canada, par un membre de la Gendarmerie royale du Canada, ou par toute personne qui y est autorisée par le ministre, et lorsqu’une dénonciation ou plainte est réputée avoir été déposée ou faite en vertu de la présente loi, elle est réputée avoir été déposée ou faite par une personne qui y est autorisée par le ministre et elle ne peut être contestée pour cause d’autorisation insuffisante du dénonciateur ou du plaignant que par le ministre ou par une personne agissant en son nom ou au nom de Sa Majesté. Plusieurs infractions
Une dénonciation ou plainte à l’égard d’une infraction à la présente loi peut viser une ou plusieurs infractions. Aucune dénonciation ou plainte, aucun mandat, aucune déclaration de culpabilité ou autre procédure dans une poursuite intentée en vertu de la présente loi n’est susceptible d’opposition ou n’est insuffisante du fait que plusieurs infractions sont visées. Ressort
Une dénonciation ou plainte à l’égard d’une infraction à la présente loi peut être entendue, jugée ou décidée par tout tribunal, juge ou juge de paix du ressort où l’accusé réside, exploite une entreprise, est trouvé ou appréhendé ou est détenu, indépendamment du lieu de perpétration de l’infraction. Prescription des poursuites
Une dénonciation ou plainte peut être déposée ou faite en application des dispositions du Code criminel sur les déclarations de culpabilité par procédure sommaire, à l’égard d’une infraction à la présente loi, au plus tard le jour qui tombe huit ans après le jour où l’objet de la dénonciation ou de la plainte a pris naissance. Preuve de signification par poste
Lorsque la présente loi ou son règlement prévoit l’envoi par la poste d’une demande de renseignements, d’un avis ou d’une demande formelle, un affidavit d’un fonctionnaire de l’Agence du revenu du Canada, souscrit en présence d’un commissaire ou d’une autre personne Proof of electronic delivery autorisée à recevoir les affidavits, indiquant qu’il est au courant des faits de l’espèce, que la demande, l’avis ou la demande formelle en question a été adressée, par lettre recommandée, à une date indiquée, à la personne à qui elle a été adressée (fournissant cette adresse) et qu’il identifie comme pièces attachées à l’affidavit, le certificat de recommandation de la lettre fourni par le bureau de poste ou une copie conforme de la partie pertinente du certificat et une copie conforme de la demande, de l’avis ou de la demande formelle, doit être reçu comme preuve, sauf preuve contraire, de l’envoi ainsi que de la demande, de l’avis ou de la demande formelle. Preuve de la signification à personne
Lorsque la présente loi ou son règlement prévoit la signification à personne d’une demande de renseignements, d’un avis ou d’une demande formelle, un affidavit d’un fonctionnaire de l’Agence du revenu du Canada, souscrit en présence d’un commissaire ou d’une autre personne autorisée à recevoir les affidavits, indiquant qu’il est au courant des faits de l’espèce, que la demande, l’avis ou la demande formelle en question a été signifiée à personne, un jour désigné, au destinataire, et qu’il identifie comme pièce attachée à l’affidavit une copie conforme de la demande, de l’avis ou de la demande formelle, doit être reçu comme preuve, sauf preuve contraire, de la signification à personne ainsi que de la demande, de l’avis ou de la demande formelle. Preuve d’envoi par voie électronique (6.1) Si la présente loi ou son règlement prévoit l’envoi par voie électronique d’un avis à une personne, l’affidavit d’un fonctionnaire de l’Agence du revenu du Canada, souscrit en présence d’un commissaire ou d’une autre personne autorisée à recevoir les affidavits, doit être reçu comme preuve, sauf preuve contraire, de l’envoi de l’avis si l’affidavit indique à la fois : a) que le fonctionnaire est au courant des faits de l’espèce; b) que l’avis a été envoyé par voie électronique à la personne à une date particulière; c) que le fonctionnaire identifie, comme pièces attachées à l’affidavit : (i) d’une part, un message électronique confirmant que l’avis a été envoyé à la personne, (ii) d’autre part, de l’avis. Preuve de non-observation
Lorsque la présente loi ou son règlement oblige une personne à faire une déclaration, un état, une réponse ou Proof of time of compliance Proof of documents Presumption Judicial notice Proof of documents (13.1) [Repealed, 1994, c. 13, s. 10] Mailing or sending date Date when electronic notice sent Income Tax
Date when electronic notice sent — My Business Account Forms prescribed or authorized Impôt sur le revenu
Procédure et preuve
présent paragraphe — pour l’informer qu’un avis ou une autre communication nécessitant son attention immédiate se trouve dans son compte électronique sécurisé. Un avis ou une autre communication est considéré comme étant rendu disponible s’il est affiché par le ministre sur le compte électronique sécurisé du particulier et si celui-ci a donné son autorisation pour que des avis ou d’autres communications soient rendus disponibles de cette manière et n’a pas retiré cette autorisation avant cette date selon les modalités fixées par le ministre. Date d’envoi d’un avis électronique — Mon dossier d’entreprise (14.2) Tout avis ou autre communication qui est rendu disponible sous une forme électronique pouvant être lu ou perçu par un particulier ou par un système informatique ou un dispositif semblable, et qui indique le numéro d’entreprise d’une personne ou d’une société de personnes, est présumé être envoyé à celle-ci, et être reçu par elle, à la date où il est affiché par le ministre sur le compte électronique sécurisé pour un numéro d’entreprise de la personne ou de la société de personnes, sauf dans le cas où celle-ci a demandé, 30 jours avant cette date, selon les modalités fixées par le ministre, que l’avis ou autre communication soit envoyé par la poste. Date d’établissement de la cotisation
Lorsqu’un avis de cotisation ou un avis portant qu’un montant a été déterminé a été envoyé par le ministre comme le prévoit la présente loi, la cotisation est réputée avoir été établie et le montant, déterminé à la date d’envoi de l’avis. Formulaire prescrit ou autorisé
Le formulaire donné comme constituant un formulaire prescrit ou autorisé par le ministre est réputé être un formulaire autorisé par le ministre en vertu de la présente loi, sauf s’il est contesté par celui-ci ou par une personne agissant pour lui ou pour Sa Majesté. Preuve de déclaration en cas de poursuite
Dans toutes poursuites concernant une infraction à la présente loi, la production de présentation d’une déclaration, d’un certificat, d’un état ou d’une réponse exigé sous le régime de la présente loi ou d’un règlement et censée avoir été produite ou livrée par ou pour le compte de la personne accusée de l’infraction ou pour le compte de cette dernière ou avoir été faite ou signée par cette personne ou pour le compte de celle-ci doit être reçue comme preuve, sauf preuve contraire, que telle déclaration, certificat, état ou réponse a été produite, présentée ou fournie par cette personne ou pour son compte, ou qu’elle a été faite ou signée par elle ou pour son compte. Proof of statement of non-receipt Proof of return filed Idem, procédures en vertu de la partie I, section J
Dans toutes procédures en vertu de la section J de la partie I, la production ou présentation d’une déclaration, d’un certificat, d’un état ou d’une réponse exigée sous le régime de la présente loi ou de son règlement et censée avoir été produite, présentée ou fournie par le contribuable ou en son nom, ou avoir été faite ou signée par lui ou en son nom doit être reçue comme preuve, sauf preuve contraire, que telle déclaration, certificat, état ou réponse a été produite, présentée ou fournie par cette personne ou pour son compte, ou a été faite ou signée par cette personne ou pour son compte. Preuve de non-réception
Dans toute poursuite concernant une infraction à la présente loi, un affidavit d’un fonctionnaire de l’Agence du revenu du Canada, souscrit en présence d’un commissaire ou d’une autre personne autorisée à recevoir des affidavits, indiquant qu’il est chargé des dossiers appropriés et que la consultation de ces dossiers révèle que le receveur général n’a pas reçu un montant devant être remis au titre de l’impôt pour une année doit être reçu comme preuve, sauf preuve contraire, des déclarations qui y sont contenues. Associés
Les règles suivantes s’appliquent dans le cadre de la présente loi : a) la mention de la dénomination d’une société de personnes dans un avis ou autre document vaut mention de tous les associés de la société de personnes; b) un avis ou autre document est réputé remis à chaque associé de la société de personnes si l’avis ou le document est posté, signifié ou autrement envoyé à la société de personnes (i) à sa dernière adresse connue ou à son dernier lieu d’affaires connu, (ii) à la dernière adresse connue : (A) s’il s’agit d’une société de personnes en commandite, de l’un des associés dont la responsabilité, à titre d’associé, n’est pas limitée, (B) dans les autres cas, de l’un de ses associés. Preuve de production
Pour l’application de la présente loi, un document présenté par le ministre comme étant un imprimé des Income Tax Sections 244-244.1 Filing of information returns ulation to file an information return in prescribed form tion return with the Minister by way of electronic filing amendments Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 244; 1994, c. 7, Sch. II, s. 191, Sch. VIII, s. 138, c. 13, s. 70; 1996, c. 19, s. 237; 1999, c. 17, s. 156; 2006, c. 13, s. 86; 2006, c. 33, s. 138; 2010, c. 25, s. 87; 2021, c. 23, s. 65; 2023, c. 26, s. 72. PART XV.1 Definitions Canada. (espèces) with paragraph 207(1)(a) of the Criminal Code,
Impôt sur le revenu
Production de preuves
renseignements concernant un contribuable que le mi- nistre a reçus d’une personne en application de l’article
contraire, de la déclaration produite par la personne en vertu de cet article. Production de déclarations de renseignements
La personne, tenue par la présente loi ou par son rè- glement d’application de produire auprès du ministre une déclaration de renseignements sur formulaire pres- crit, qui répond aux critères que celui-ci établit par écrit peut, à tout moment, lui transmettre la déclaration par voie électronique au sens du paragraphe 150.1(1). Dès lors, la personne est réputée avoir produit la déclara- tion auprès du ministre, et un document présenté par ce- lui-ci comme étant un imprimé des renseignements qu’il a ainsi reçus est admissible en preuve et fait foi, sauf preuve contraire, de la déclaration de renseignements ainsi réputée produite. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente consoli- dation; voir les lois d’amendement modificatives appropriées.] L.R. (1985), ch. 1 (5e suppl.), art. 244; 1994, ch. 7, ann. II, art. 191, ann. VIII, art. 138, ch. 13, art. 70; 1996, ch. 19, art. 237; 1999, ch. 17, art. 156; 2006, ch. 13, art. 86; 2006, ch. 33, art. 138; 2010, ch. 25, art. 87; 2021, ch. 23, art. 65; 2023, ch. 26, art. 72.
Déclaration des télévirements Définitions
sente partie. casino a) Le gouvernement d’une province qui, dans le cadre de l’alinéa 207(1)a) du Code criminel : (i) met sur pied et exploite une loterie dans un éta- blissement stable présenté comme étant un casino où l’on peut notamment jouer à la roulette ou à des jeux de cartes, (ii) met sur pied et exploite des jeux au moyen d’un appareil à sous, au sens du paragraphe 207(4.01) du Code criminel, ou autre dispositif de jeu électro- nique semblable dans tout autre établissement stable où se trouvent plus de cinquante de ces appa- reils ou autres dispositifs semblables; b) le gouvernement d’une province qui, dans le cadre de l’alinéa 207(1)a) du Code criminel, met sur pied et exploite une loterie, à l’exclusion d’un bingo ou de la vente de billets de loterie, accessible au public par Internet ou autre réseau numérique, à l’exception d’un réseau numérique interne d’un établissement visé au sous-alinéa a)(ii); c) l’organisme qui, dans le cadre de l’alinéa 207(1)b) du Code criminel, met sur pied et exploite une loterie dans un établissement stable présenté comme étant un casino où l’on peut jouer à la roulette ou à des jeux de cartes, sauf dans le cas où l’organisme en question est un organisme de bienfaisance enregistré et que la loterie est mise sur pied et exploitée pendant deux jours consécutifs ou moins à la fois; d) le conseil d’une foire ou d’une exposition, ou l’exploitant d’une concession louée auprès du conseil, qui, dans le cadre de l’alinéa 207(1)c) du Code criminel, met sur pied et exploite une loterie dans un établissement stable présenté comme étant un casino où l’on peut notamment jouer à la roulette ou à des jeux de cartes. (casino) centrale de caisses de crédit Coopérative de crédit centrale, au sens de l’article 2 de la Loi sur les associations coopératives de crédit, ou centrale de caisses de crédit ou fédération de caisses populaires régie par une loi provinciale autre qu’une loi édictée par la législature du Québec. (credit union central) client Entité qui se livre à une opération ou à une activité financière avec une entité déclarante, ainsi que toute entité pour le compte de qui elle agit. (client) entité Particulier, personne morale, société de personnes ou fonds, ou organisation ou association non dotée de la personnalité morale. (entity) entité déclarante L’une ou l’autre des entités suivantes : a) les banques régies par la Loi sur les banques et les banques étrangères autorisées, au sens de l’article 2 de la Loi sur les banques, dans le cadre des activités que ces dernières exercent au Canada; b) les coopératives de crédit, caisses d’épargne et de crédit et caisses populaires régies par une loi provinciale; c) les coopératives de services financiers régies par la Loi sur les coopératives de services financiers, L.R.Q., c. C-67.3, ou par la Loi sur le Mouvement Desjardins, L.Q. 2000, ch. 77; d) les associations régies par la Loi sur les associations coopératives de crédit; (iii) issuing or redeeming money orders, traveller’s cheques or other similar negotiable instruments except for cheques payable to a named entity, (v) a prescribed service; or (iii) issuing or redeeming money orders, traveller’s cheques or other similar negotiable instruments except for cheques payable to a named entity, (v) a prescribed service. (entreprise de transfert de fonds ou de vente de titres négociables) (e) les sociétés régies par la Loi sur les sociétés de fiducie et de prêt; f) les sociétés de fiducie régies par une loi provinciale; g) les sociétés de prêt régies par une loi provinciale; h) les entreprises de transfert de fonds ou de vente de titres négociables; i) les casinos, y compris ceux qui sont contrôlés par Sa Majesté ou dont elle est propriétaire; j) les ministères et mandataires de Sa Majesté du chef du Canada ou d’une province qui se livrent à l’acceptation de dépôts dans le cadre de la prestation de services financiers au public; k) les centrales de caisses de crédit, en ce qui a trait aux services financiers qu’elles offrent à une entité, sauf une entité visée à l’un des alinéas a) à g) et j) qui est membre de la centrale de caisses de crédit en cause. (reporting entity) entreprise de transfert de fonds ou de vente de titres négociables Entité à laquelle l’un ou l’autre des énoncés ci-après s’applique : a) elle a un lieu d’affaires au Canada et se livre à la fourniture de l’un des services suivants : (i) les opérations de change, (ii) la remise de fonds ou la transmission de fonds par tout moyen ou par l’intermédiaire d’une entité ou d’un réseau de télévirement, (iii) l’émission ou le rachat de mandats-poste, de chèques de voyage ou d’autres titres négociables semblables, à l’exclusion des chèques libellés au nom d’une entité, (iv) le commerce d’une monnaie virtuelle, au sens du règlement, (v) un service visé par règlement; b) elle n’a pas de lieu d’affaires au Canada et se livre à la fourniture, à l’intention d’entités se trouvant au Canada, de l’un des services ci-après, qu’elle fournit aux personnes ou entités se trouvant au Canada qui consomment ces services : (i) les opérations de change, (ii) la remise de fonds ou la transmission de fonds par tout moyen ou par l’intermédiaire d’une entité ou d’un réseau de télévirement, (d) an association regulated by the Cooperative Credit Associations Act; (NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.) | 2014, c. 20, s. 29; 2018, c. 29, s. 78. Electronic funds transfer (iii) l’émission ou le rachat de mandats-poste, de chèques de voyage ou d’autres titres négociables semblables, à l’exclusion des chèques libellés au nom d’une entité, (iv) le commerce d’une monnaie virtuelle, au sens du règlement, (v) un service visé par règlement. (money services business) espèces Pièces de monnaie visées à l’article 7 de la Loi sur la monnaie, billets émis aux fins de circulation au Canada par la Banque du Canada en vertu de la Loi sur la Banque du Canada ou pièces de monnaie ou billets de banque d’un pays étranger. (cash) fonds Espèces, devises ou valeurs mobilières, ou titres négociables ou autres instruments financiers, quelle que soit leur forme, qui font foi du titre ou d’un intérêt ou, pour l’application du droit civil, d’un droit à l’égard de ceux-ci. (funds) télévirement Transmission — par voie électronique, magnétique ou optique ou au moyen d’un appareil téléphonique ou d’un appareil semblable — d’instructions pour transférer des fonds, à l’exclusion de fonds à l’intérieur du Canada. Dans le cas des messages de la Society for Worldwide Interbank Financial Telecommunication, seuls les messages SWIFT MT 103 sont visés par la présente définition. (electronic funds transfer) (NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.) | 2014, ch. 20, art. 29; 2018, ch. 29, art. 78. Télévirement
a) le télévirement vers l’étranger, à la demande d’un client, de 10 000 $ ou plus au cours d’une seule opération; b) le télévirement de l’étranger, à la demande d’un client, de 10 000 $ ou plus au cours d’une seule opération. Télévirement à l’intérieur du Canada
Sous réserve du paragraphe (3), il est entendu que le paragraphe (1) ne s’applique pas, relativement à un télévirement, à l’entité déclarante qui, selon le cas : Intermediary Casino Single transaction Exception Foreign currency Income Tax Sections 244.5-245 Filing of return Form of records Retention of records PART XVI Tax Avoidance Preamble Impôt sur le revenu
Déclaration
a) d’une part, être produite dans les cinq jours ouvrables suivant la date du télévirement; b) d’autre part, être transmise par voie électronique selon les directives établies par le ministre, si l’entité a les moyens techniques de le faire. Tenue de registres
Forme
Tout registre à tenir aux termes de la présente partie peut être conservé sous une forme lisible par machine ou électronique, pourvu qu’un imprimé puisse facilement être produit. Conservation
Toute entité déclarante à qui incombe l’obligation de tenir des registres aux termes de la présente partie relativement à un télévirement doit les conserver pendant au moins cinq ans à compter de la date du télévirement.
Évitement fiscal Préambule 245 (0.1) Le présent article de la présente loi contient la règle générale anti-évitement, laquelle : a) s’applique pour refuser les avantages fiscaux des opérations d’évitement qui entraînent directement ou indirectement un abus des dispositions de la présente loi (ou de l’un des textes figurant aux sous-alinéas (4)a)(ii) à (v)) ou un abus eu égard à ces dispositions Definitions
In this section, (ii) result in any of the effects described in paragraph (a) or (b); (avantage fiscal) lues dans leur ensemble sans empêcher les contribuables d’obtenir les avantages fiscaux visés par le Parlement; b) établit un équilibre entre, à la fois : (i) la responsabilité du gouvernement du Canada en matière de protection de l’assiette fiscale et de l’équité du régime fiscal, (ii) le besoin de certitude des contribuables dans la planification de leurs affaires. Définitions
Les définitions qui suivent s’appliquent au présent article. attribut fiscal S’agissant des attributs fiscaux d’une personne, s’entend : a) soit du revenu, du revenu imposable ou du revenu imposable gagné au Canada de cette personne en application de la présente loi; b) soit de l’impôt ou d’un autre montant payable par cette personne, ou d’un montant qui lui est remboursable, en application de la présente loi; c) soit tout autre montant à prendre en compte, ou qui pourrait l’être ultérieurement, pour le calcul d’un montant visé aux alinéas a) ou b). (tax consequences) avantage fiscal a) Réduction, évitement ou report d’impôt ou d’un autre montant exigible en application de la présente loi (y sont assimilés la réduction, l’évitement ou le report d’impôt ou d’un autre montant qui serait exigible en application de la présente loi en l’absence d’un traité fiscal); b) augmentation d’un remboursement d’impôt ou d’un autre montant visé par la présente loi (y sont assimilées une augmentation d’un remboursement d’impôt ou d’un autre montant visé par la présente loi qui découle d’un traité fiscal); c) réduction, augmentation ou préservation d’un montant qui pourrait, ultérieurement, à la fois : (i) être pris en compte pour le calcul d’un montant visé aux alinéas a) ou b), (ii) entraîner l’un des effets visés aux alinéas a) ou b). (tax benefit) Avoidance transaction Application of subsection (2) (iii) the Income Tax Application Rules, Economic substance — effect Disposition générale anti-évitement
En cas d’opération d’évitement, les attributs fiscaux d’une personne doivent être déterminés de façon raisonnable dans les circonstances de façon à supprimer un avantage fiscal qui, sans le présent article, découlerait, directement ou indirectement, de cette opération ou d’une série d’opérations dont cette opération fait partie. Opération d’évitement
Sauf s’il est raisonnable de considérer que l’obtention de l’avantage fiscal n’est pas l’un des principaux objets d’entreprendre ou d’organiser l’opération, l’opération est une opération d’évitement si, selon le cas : a) en l’absence du présent article, elle donnait lieu à un avantage fiscal, directement ou indirectement; b) elle fait partie d’une série d’opérations dont, en l’absence du présent article, découlerait, directement ou indirectement, un avantage fiscal. Application du par. (2)
Le paragraphe (2) ne s’applique qu’à l’opération dont il est raisonnable de considérer, selon le cas : a) qu’elle entraînerait, directement ou indirectement, s’il n’était pas tenu compte du présent article, un abus dans l’application des dispositions d’un ou de plusieurs des textes suivants : (i) la présente loi, (ii) le Règlement de l’impôt sur le revenu, (iii) les Règles concernant l’application de l’impôt sur le revenu, (iv) un traité fiscal, (v) tout autre texte législatif qui est utile soit pour le calcul d’un impôt ou d’un autre montant exigible ou remboursable sous le régime de la présente loi, soit pour la détermination de toute somme à prendre en compte dans ce calcul; b) qu’elle entraînerait, directement ou indirectement, un abus dans l’application de ces dispositions compte tenu du présent article lu dans leur ensemble. Substance économique — effet (4.1) Si une opération d’évitement — ou une série d’opérations comprenant l’opération d’évitement — manque (i) a circular flow of funds, (ii) offsetting financial positions, Determination of tax consequences
Without restricting the generality of subsection (2), and notwithstanding any other enactment, considérablement de substance économique, il s’agit d’un facteur important qui tend à indiquer que l’opération constitue un abus en vertu des alinéas (4)a) ou b). Substance économique — sens (4.2) Les facteurs qui établissent qu’une opération ou une série d’opérations manque considérablement de substance économique peuvent comprendre, notamment, l’un des éléments suivants : a) la totalité, ou la presque totalité des possibilités pour le contribuable de réaliser des gains ou des bénéfices et de subir des pertes, conjointement avec celles des contribuables ayant un lien de dépendance (sauf ceux qu’il est raisonnable de considérer, compte tenu des circonstances prises dans leur ensemble, comme ayant des intérêts économiques largement opposés à ceux du contribuable), reste inchangée, notamment en raison des éléments suivants : (i) les flux circulaires de fonds, (ii) la compensation des situations financières, (iii) le délai entre les étapes d’une série, (iv) le recours à une partie accommodante; b) il est raisonnable de conclure que, au moment où l’opération ou la série était conclue, la valeur de l’avantage fiscal escompté dépassait le rendement économique non fiscal escompté, lequel exclut aussi bien l’avantage fiscal que tout avantage fiscal se rattachant à un autre juridiction; c) il est raisonnable de conclure que la totalité, ou presque totalité, des objets d’entreprendre ou d’organiser l’opération ou la série était d’obtenir l’avantage fiscal. Attributs fiscaux à déterminer
Sans préjudice de la portée générale du paragraphe (2) et malgré tout autre texte législatif, dans le cadre de la détermination des attributs fiscaux d’une personne de façon raisonnable dans les circonstances de façon à supprimer l’avantage fiscal qui, sans le présent article, découlerait, directement ou indirectement, d’une opération d’évitement : a) toute déduction, exemption ou exclusion dans le calcul de tout ou partie du revenu, du revenu imposable, du revenu imposable gagné au Canada ou de l’impôt payable peut être en totalité ou en partie admise ou refusée; Income Tax PART XVI Tax Avoidance
Penalty (A + B) × 25% − C where Penalty — exception Impôt sur le revenu
b) tout ou partie de cette déduction, exemption ou exclusion ainsi que tout ou partie d’un revenu, d’une perte ou d’un autre montant peuvent être attribués à une personne; c) la nature d’un paiement ou d’un autre montant peut être qualifiée autrement; d) les effets fiscaux qui découleraient par ailleurs de l’application des autres dispositions de la présente loi peuvent ne pas être pris en compte. Pénalité (5.1) Si le paragraphe (2) s’applique pour déterminer les attributs fiscaux d’une personne pour une année d’imposition relativement à une opération, laquelle n’a pas été divulguée par la personne au ministre en application des articles 237.3 ou 237.4, celle-ci est passible, pour l’année d’imposition, d’une pénalité égale à la somme déterminée par la formule suivante : (A + B) × 25 % − C où : A représente l’excédent de l’impôt payable par la personne en vertu de la présente loi pour l’année sur le montant qui aurait été payable par la personne en vertu de la présente loi si le paragraphe (2) ne s’était pas appliqué à l’opération; B l’excédent du total des sommes représentant chacune une somme qui aurait été réputée payée au titre de l’impôt payable par la personne en vertu de la partie I pour l’année si le paragraphe (2) ne s’était pas appliqué à l’opération sur le total des sommes réputées payées au titre de l’impôt par la personne en vertu de la partie I pour l’année; C la somme de toute pénalité payable par la personne en vertu du paragraphe 163(2), dans la mesure où la somme se rapporte à l’opération ou à une série qui comprend l’opération et n’a pas réduit la pénalité payable par la personne en vertu de ce paragraphe dans une année d’imposition antérieure. Pénalité — exception (5.2) Le paragraphe (5.1) ne s’applique pas à une personne relativement à une opération lorsque la personne démontre que, au moment où l’opération était conclue, il lui était raisonnable de conclure que le paragraphe (2) ne s’appliquerait pas à l’opération, en s’appuyant sur le fait de l’opération ou qu’une série qui comprend l’opération est identique ou presque identique à une opération ou une série qui a fait l’objet : Provisions applicable Request for adjustments Exception [Note: Application provisions are not included in this consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 245; 2005, c. 19, s. 52; 2010, c. 25, s. 68; 2022, c. 19, s. 96; 2024, c. 15, s. 66. Arm’s length NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; 1970-71-72, c. 63, s. 1 "246"; 1984, c. 45, s. 91; 1988, c. 55, s. 186. PART XVI.1 Definitions (ii) [Repealed, 2016, c. 12, s. 62] tirer des biens ou des services par suite de l’arrangement. (qualifying cost contribution arrangement) attribution de pleine concurrence Quant à une opération, l’attribution de bénéfices ou de pertes qui aurait été effectuée entre les participants à l’opération s’il n’y avait eu entre eux aucun lien de dépendance. (arm’s length allocation) avantage fiscal S’entend au sens du paragraphe 245(1). (tax benefit) date limite de production Quant à l’année d’imposition ou l’exercice d’une personne ou d’une société de personnes : a) dans le cas d’une personne, la date d’échéance de production qui lui est applicable pour l’année; b) dans le cas d’une société de personnes, la date où une déclaration doit, au plus tard, être produite pour son exercice en application de l’article 229 du Règlement de l’impôt sur le revenu, ou devrait ainsi être produite si cet article s’appliquait à elle. (documentation-due date) opération Sont assimilés aux opérations les arrangements et les événements. (transaction) prix de transfert Quant à une opération, montant payé ou payable, ou reçu ou à recevoir, par un participant à l’opération à titre de prix, de loyer, de redevance, de prime ou d’autre paiement pour des biens, pour leur utilisation, la production ou la reproduction de biens, ou en contrepartie de services (y compris ceux rendus à titre d’employé et l’assurance ou la réassurance de risques) dans le cadre de l’opération. (transfer price) prix de transfert de pleine concurrence Quant à une opération, le montant qui aurait représenté le prix de transfert relatif à l’opération si les participants à celle-ci n’avaient eu entre eux aucun lien de dépendance. (arm’s length transfer price) redressement compensatoire de capital Quant à un contribuable pour une année d’imposition, le montant éventuel qui correspondrait à son redressement de capital pour l’année si les passages « est appliqué en réduction », dans la définition de redressement de capital, étaient remplacés par « augmente », avec les adaptations grammaticales nécessaires. (transfer pricing capital setoff adjustment) redressement compensatoire de revenu Quant à un contribuable pour une année d’imposition, le total des montants représentant chacun le montant éventuel qui, (ii) [Repealed, 2016, c. 12, s. 62] that par suite d’un redressement effectué en vertu du paragraphe (2) (sauf un redressement entrant dans le calcul d’un redressement compensatoire de capital du contribuable pour une année d’imposition), réduirait le revenu du contribuable pour l’année, ou augmenterait sa perte pour l’année provenant d’une source, si le redressement en question était le seul effectué en vertu de ce paragraphe. (transfer pricing income setoff adjustment) redressement de capital En ce qui concerne un contribuable pour une année d’imposition, la somme des montants suivants : a) le total des montants représentant chacun : (i) la moitié du montant éventuel qui, au cours de l’année et en raison d’un redressement effectué en vertu du paragraphe (2), est appliqué en réduction du prix de base rajusté pour le contribuable d’une immobilisation (sauf un bien amortissable), (ii) [Abrogé, 2016, ch. 12, art. 62] (iii) le montant éventuel qui, au cours de l’année et en raison d’un redressement effectué en vertu du paragraphe (2), est appliqué en réduction du coût en capital pour une société de personnes d’un bien amortissable, par le rapport entre : (iv) d’une part, la part du revenu ou de la perte de la société de personnes pour l’exercice qui revient au contribuable, (v) d’autre part, le revenu ou la perte de la société de personnes pour l’exercice; Transfer pricing adjustment si le revenu et la perte de la société de personnes sont nuls pour l’exercice, son revenu pour l’exercice est réputé égal à 1 000 000 $ pour ce qui est du calcul, pour l’application de la présente définition, de la part de son revenu qui revient à un contribuable. (transfer pricing capital adjustment) redressement de revenu Quant à un contribuable pour une année d’imposition, le total des montants représentant chacun le montant éventuel qui, par suite d’un redressement effectué en vertu du paragraphe (2) (sauf un redressement entrant dans le calcul d’un redressement de capital du contribuable pour une année d’imposition), augmenterait le revenu du contribuable pour l’année, ou réduirait sa perte pour l’année provenant d’une source, si le redressement en question était le seul effectué en vertu de ce paragraphe. (transfer pricing income adjustment) Redressement
Lorsqu’un contribuable ou une société de personnes et une personne non-résidente avec laquelle le contribuable ou la société de personnes, ou un associé de cette dernière, n’a lien de dépendance, ou une société de personnes dont la personne non-résidente est un associé, participent à une opération ou à une série d’opérations et que, selon le cas : a) les modalités conclues ou imposées, relativement à l’opération ou à la série, entre des participants à l’opération ou à la série diffèrent de celles qui auraient été conclues entre personnes sans lien de dépendance, b) les faits suivants se vérifient relativement à l’opération ou à la série : (i) elle n’aurait pas été conclue entre personnes sans lien de dépendance, (ii) il est raisonnable de considérer qu’elle n’a pas été principalement conclue pour des objets véritables, si ce n’est l’obtention d’un avantage fiscal, les montants (appelés « montants initiaux » au paragraphe (2.1)) qui seraient déterminés pour l’application des dispositions de la présente loi (compte non tenu du présent article et de l’article 245) quant au contribuable ou la société de personnes pour une année d’imposition ou un exercice sont modifiés (dans le présent article, ils correspondent à la valeur ou à la nature des montants (appelés « montants redressés » au paragraphe (2.1)) qui auraient été déterminés si : c) dans le cas où seul l’alinéa a) s’applique, les modalités conclues ou imposées, relativement à l’opération ou à la série, entre les participants avaient été celles Income Tax
Ordering (a) first determine each of the initial amounts; Penalty (i) the total of (B) the taxpayer’s transfer pricing income adjustment for the year Impôt sur le revenu
qui auraient été conclues entre personnes sans lien de dépendance; d) dans le cas où l’alinéa b) s’applique, l’opération ou la série conclue entre les participants avait été celle qui aurait été conclue entre personnes sans lien de dépendance, selon les modalités qui auraient été conclues entre de telles personnes. Ordonnancement (2.1) Pour l’application du paragraphe (2) dans le contexte des autres dispositions de la présente loi, l’ordre établi ci-après s’applique : a) en premier lieu, déterminer chacun des montants initiaux; b) en deuxième lieu, effectuer les redressements éventuels pour chacun des montants initiaux; c) en troisième lieu, utiliser les montants redressés dans l’application de chacune des dispositions de la présente loi étant entendu que cette application inclut l’article 245 mais exclut le paragraphe (2). Pénalité
Tout contribuable (sauf celui dont la totalité du revenu imposable pour l’année est exonéré de l’impôt prévu à la partie I) est passible, pour une année d’imposition, d’une pénalité égale à 10 % du montant déterminé à son égard pour l’année selon l’alinéa a), si l’excédent visé à l’alinéa a) est supérieur au montant visé à l’alinéa b) : a) l’excédent éventuel : (i) du total des montants suivants : (A) le redressement de capital du contribuable pour l’année, (B) le redressement de revenu du contribuable pour l’année, sur le total des montants suivants : (ii) le total des montants représentant la partie de tout redressement de capital ou du redressement de revenu du contribuable pour l’année qui peut raisonnablement être considéré comme se rapportant à une opération donnée, (A) l’opération est un arrangement admissible de participation au coût auquel prend part le contribuable ou une société de personnes dont il est un associé, (b) the lesser of (ii) $5,000,000. Contemporaneous documentation (B) dans les autres cas, le contribuable ou une société de personnes dont il est un associé a fait des efforts sérieux pour déterminer les prix de transfert de pleine concurrence ou les attributions de pleine concurrence relativement à l’opération et pour les utiliser pour l’application de la présente loi, (iii) le total des montants représentant chacun la partie du redressement compensatoire de capital ou du redressement compensatoire de revenu du contribuable pour l’année qu’il est raisonnable de considérer comme se rapportant à une opération donnée si : (A) l’opération est un arrangement admissible de participation au coût auquel prend part le contribuable ou une société de personnes dont il est un associé, (B) dans les autres cas, le contribuable ou une société de personnes dont il est un associé a fait des efforts sérieux pour déterminer les prix de transfert de pleine concurrence ou les attributions de pleine concurrence relativement à l’opération et pour les utiliser pour l’application de la présente loi, est supérieur à b) le moins élevé des montants suivants : (i) 10 % du montant qui représenterait le revenu brut du contribuable pour l’année s’il n’était pas tenu compte du paragraphe (2), des paragraphes 69(1) et (1.2) ni de l’article 245, (ii) 5 000 000 $. Documentation ponctuelle
Pour l’application du paragraphe (3) et de la définition de arrangement admissible de participation au coût au paragraphe (1), un contribuable ou une société de personnes est réputé ne pas avoir fait d’efforts sérieux pour déterminer et utiliser les prix de transfert de pleine concurrence ou les attributions de pleine concurrence relativement à une opération ou ne pas avoir pris part à une opération qui est un arrangement admissible de participation au coût, à moins d’avoir à la fois : a) établi ou obtenu, au plus tard à la date limite de production qui lui est applicable pour l’année d’imposition ou l’exercice, le cas, au cours duquel l’opération est conclue, des registres ou des documents contenant une description complète et exacte, quant à tous les éléments importants, de ce qui suit : Partner’s gross revenue (i) les biens ou les services auxquels l’opération se rapporte, (ii) les modalités de l’opération et leurs rapports éventuels avec celles de chacune des autres opérations conclues entre les participants à l’opération, (iii) l’identité des participants à l’opération et les liens qui existent entre eux au moment de la conclusion de l’opération, (iv) les fonctions exercées, les biens utilisés ou apportés et les risques assumés dans le cadre de l’opération par les participants, (v) les données et méthodes prises en considération et les analyses effectuées en vue de déterminer les prix de transfert, l’attribution des bénéfices ou des pertes ou la participation aux coûts, selon le cas, relativement à l’opération, (vi) les hypothèses, stratégies et principes éventuels ayant influé sur l’établissement des prix de transfert, l’attribution des bénéfices ou des pertes ou la participation aux coûts relativement à l’opération; b) pour chaque année d’imposition ou exercice ultérieur où se poursuit l’opération, établi ou obtenu, au plus tard à la date limite de production qui lui est applicable pour l’année ou l’exercice, selon le cas, les registres ou des documents contenant une description complète et exacte de chacun des changements importants dans les éléments visés aux sous-alinéas a)(i) à (vi) ont fait l’objet au cours de l’année ou de l’exercice relativement à l’opération; c) fourni les registres ou documents visés aux alinéas a) et b) au ministre dans les trois mois suivant la signification à personne ou par courrier recommandé ou certifié d’une demande écrite les concernant. Revenu brut de l’associé
Pour l’application du sous-alinéa (3b)(i), dans le cas le cas d’un contribuable est associé d’une société de personnes au cours d’une année d’imposition, son revenu brut à ce titre pour l’année provenant d’activités exercées au moyen de la société de personnes est réputé égal au produit de la multiplication du montant qui représenterait le revenu brut de la société de personnes provenant des activités si elle était un contribuable (dans la mesure où ce montant ne comprend pas de montants reçus ou à recevoir d’autres sociétés de personnes dont le contribuable est un associé au cours de l’année), pour un Exclusion — certain guarantees
[Repealed, 2021, c. 23, s. 60] No adjustment unless appropriate Provisions applicable to Part Deemed dividends to non-residents a) la personne non-résidente est une société étrangère affiliée contrôlée de la société mère pour l’application de l’article 17 tout au long de la période de l’année pendant laquelle la somme donnée est due; b) il est établi que la somme donnée serait une somme due visée aux alinéas 17(8)a) ou b) si elle était due à la société mère.
[Abrogé, 2021, ch. 23, art. 60] Anti-évitement
Aux fins de déterminer le revenu brut d’un contribuable selon le sous-alinéa 3b)(i) et le paragraphe (5), une opération ou une série d’opérations est réputée ne pas avoir été exécutée si l’une des raisons de sa conclusion est d’augmenter le revenu brut du contribuable pour l’application du paragraphe (3). Redressements autorisés
Un redressement autre que celui qui donne lieu à un redressement de capital ou un redressement de revenu d’un contribuable pour une année d’imposition, ou qui augmente le montant d’un tel redressement, ne peut être effectué aux termes du paragraphe (2) que si le ministre estime que les circonstances le justifient. Dispositions applicables
Les articles 152, 158, 159 et 162 à 167 et la section J de la partie I s’appliquent à la présente partie, avec les adaptations nécessaires. Dividendes réputés versés à des non-résidents
Pour l’application de la partie XIII, dans les cas où une société donnée qui réside au Canada pour l’application de cette partie aurait un redressement de revenu ou un redressement de capital pour une année d’imposition si les seules opérations ou séries d’opérations entreprises par elle, ou par une société de personnes dont elle est membre, étaient celles auxquelles participe une personne non-résidente donnée (sauf une société qui a été, pour l’application de l’article 17, une société étrangère affiliée contrôlée de la société donnée tout au long de la période où a eu lieu l’opération ou la série d’opérations) ou une société de personnes dont la personne non-résidente donnée est membre, les règles ci-après s’appliquent : a) un dividende est réputé avoir été versé par la société donnée et reçu par la personne non-résidente immédiatement avant la fin de l’année; exceeds Repatriation b) le montant du dividende correspond à l’excédent de la somme visée au sous-alinéa (i) sur celle visée au sous-alinéa (ii) : (i) la somme qui correspondrait à la partie du total du redressement de capital et du redressement de revenu de la société donnée pour l’année qu’il serait raisonnable de considérer comme se rapportant à la personne non-résidente si, à la fois : (A) les seules opérations ou séries d’opérations entreprises par la société donnée étaient celles auxquelles la personne non-résidente a participé, (B) les passages « la moitié du » et « les 3/4 du » dans la définition de redressement de capital au paragraphe (1) étaient chacun remplacés par « le », (ii) la somme qui correspondrait à la partie du total du redressement compensatoire de capital et du redressement compensatoire de revenu de la société donnée pour l’année qu’il serait raisonnable de considérer comme se rapportant à la personne non-résidente si, à la fois : (A) les seules opérations ou séries d’opérations entreprises par la société donnée étaient celles auxquelles la personne non-résidente a participé, (B) les passages « la moitié du » et « les 3/4 du » dans la définition de redressement de capital au paragraphe (1) étaient chacun remplacés par « le ». Rapatriement
Si un dividende est réputé, en vertu du paragraphe (12), avoir été versé par une société et reçu par une personne non-résidente et que celle-ci a versé une somme donnée à la société avec l’accord du ministre, les règles ci-après s’appliquent : a) le montant du dividende peut être réduit de la somme (appelée « réduction » au présent paragraphe) que le ministre estime acceptable dans les circonstances; b) les paragraphes 227(8.1) et (8.3) s’appliquent comme si : (i) d’une part, le montant du dividende n’était pas réduit, — 1995, c. 21, s. 38; 1998, c. 19, s. 195; 1999, c. 22, s. 63; 2001, c. 17, s. 187; 2005, c. 19, s. 83; 2012, c. 31, s. 34; 2012, c. 40, s. 488; 2016, c. 12, s. 63; 2021, c. 23, s. 6. PART XVII Interpretation Definitions adjustment time [Repealed, 2016, c. 12, s. 63] advanced life deferred annuity has the meaning assigned by subsection 146.5(1); (rente viagère différée à un âge avancé) allowable business investment loss has the meaning assigned by section 38; (perte déductible au titre d’un placement d’entreprise) allowable capital loss has the meaning assigned by section 38; (perte en capital déductible) amateur athlete trust has the meaning assigned by subsection 143.1(2); (fiducie au profit d’un athlète amateur) exceeds autre instrument international, tel que ratifié par le Canada; b) tout accord général d’échange de renseignements fiscaux qui a été conclu par le Canada, et qui est en vigueur, à l’égard d’un autre pays ou territoire. (listed international agreement) actifs du failli S’entend au sens de la Loi sur la faillite et l’insolvabilité. (estate of the bankrupt) action Sauf indication contraire du contexte, action ou fraction d’action du capital-actions d’une société. Il est entendu que l’action comprend la part du capital social d’une société coopérative, au sens du paragraphe 136(2), la part du capital social d’une coopérative agricole, au sens du paragraphe 135.1(1), et la part du capital social d’une caisse de crédit. (share) action accréditive S’entend au sens du paragraphe 66(15). (flow-through share) action admissible S’entend au sens du paragraphe 192(6). (qualifying share) action de mécanisme de transfert de dividendes ou AMTD S’entend, à l’égard d’une personne ou d’une société de personnes, de chacune des actions suivantes : a) l’action dont la personne ou la société de personnes est propriétaire; b) l’action relativement à laquelle la personne ou la société de personnes est réputée avoir reçu un dividende en vertu du paragraphe 260(5.1) en obtenant la totalité ou la presque totalité des possibilités de subir des pertes et de réaliser des gains ou des bénéfices dans le cadre d’un accord ou d’un arrangement; c) l’action qui est détenue par une fiducie dont la personne ou la société de personnes est bénéficiaire et relativement à laquelle la personne ou la société de personnes est réputée avoir reçu un dividende résultant d’une attribution effectuée en vertu du paragraphe 104(19); d) l’action relativement à laquelle la personne ou la société de personnes est réputée, en vertu du paragraphe 82(2), avoir reçu un dividende; e) dans les autres cas, l’action relativement à laquelle la personne ou la société de personnes a droit (ou, en l’absence du paragraphe 112(2.3), aurait droit) à une déduction en vertu du paragraphe 112(1) relativement à un dividende reçu sur l’action. (DRA share) exceeds (ii) the amount referred to in subparagraph (c)(i) action de régime transitoire L’une des actions suivantes : a) action du capital-actions d’une société émise après 20 heures, heure avancée de l’Est, le 18 juin 1987 conformément à une convention écrite conclue avant ce moment; b) action du capital-actions d’une société émise après 20 heures, heure avancée de l’Est, le 18 juin 1987 avant 1988 dans le cadre d’un appel public à l’épargne fait conformément à un prospectus, à un prospectus provisoire, à une déclaration d’enregistrement, à une notice d’offre ou à un avis, produits avant 20 heures, heure avancée de l’Est, le 18 juin 1987 auprès d’une administration selon la législation sur les valeurs mobilières applicable à là où les actions sont placées; c) action du capital-actions d’une société émise après 20 heures, heure avancée de l’Est, le 18 juin 1987 (appelée « nouvelle action » au présent alinéa) en échange d’une autre action de régime transitoire, d’une émission émise avant 20 heures, heure avancée de l’Est, le 18 juin 1987 ou d’une action émise : (i) soit avant 20 heures, heure avancée de l’Est, le 18 juin 1987, (ii) soit après 20 heures, heure avancée de l’Est, le 18 juin 1987 conformément à une convention écrite conclue avant ce moment ou est émise avant 1988 dans le cadre d’un appel public à l’épargne fait conformément à un prospectus, à un prospectus provisoire, à une déclaration d’enregistrement, à une notice d’offre ou à un avis, déposé avant ce moment auprès d’un organisme public selon la législation sur les valeurs mobilières applicable là où la créance est placée, si le droit d’échange et la totalité, ou presque, des caractéristiques de la nouvelle action sont établis par écrit avant ce moment; d) action d’une catégorie du capital-actions d’une société canadienne, cotée à une bourse de valeurs désignée, émise après 20 heures, heure avancée de l’Est, le 18 juin 1987 sur exercice d’un droit qui, à la fois : (i) est émis avant ce moment, est émis après ce moment conformément à une convention écrite conclue avant ce moment ou est émis après ce moment et avant 1988 dans le cadre d’un appel public à l’épargne fait conformément à un prospectus, à un prospectus provisoire, à une déclaration d’enregistrement, à une notice d’offre ou à un avis, déposé (a) notwithstanding paragraph (b), in any case where subsection 112(2.1), 112(2.2) or 112(2.4), or section 187.2 or 187.3 or subsection 258(3) or 258(5) applies to a stock dividend, the amount of the stock dividend is the greater of (b.1) [Repealed, 2013, c. 34, s. 358] appropriate percentage, for a taxation year, means the lowest percentage referred to in subsection 117(2) for the taxation year; (taux de base pour l’année) authorized foreign bank has the meaning assigned by section 2 of the Bank Act; (banque étrangère autorisée) avant ce moment auprès d’un organisme public selon la législation sur les valeurs mobilières applicable là où le droit est placé, (ii) est coté à une bourse de valeurs désignée, si la totalité, ou presque, des caractéristiques du droit et de l’action sont établies par écrit avant ce moment; toutefois l’action réputée émise à un moment donné en application des définitions de action privilégiée à court terme, action privilégiée à terme ou action privilégiée imposable ou du paragraphe 112(2.22) est réputée, à ce moment, ne pas être une action de régime transitoire pour l’application de ces dispositions. (grandfathered share) actionnaire Sont compris parmi les actionnaires les membres ou autres personnes ayant le droit de recevoir paiement d’un dividende. (shareholder) actionnaire déterminé S’agissant de l’actionnaire déterminé d’une société au cours d’une année d’imposition, contribueable qui, directement ou indirectement, à un moment donné de l’année, possède au moins 10 % des actions émises d’une catégorie donnée du capital-actions de la société ou de toute autre société qui est liée à celle-ci; pour l’application de la présente définition : a) un contribuable est réputé posséder chaque action du capital-actions d’une société appartenant, à ce moment, à une personne ayant un lien de dépendance avec lui; b) chaque bénéficiaire d’une fiducie est réputé posséder la fraction de toutes les actions appartenant, à ce moment, à la fiducie que représente la juste valeur marchande, à ce moment, de son droit de bénéficiaire sur la fiducie par rapport à la juste valeur marchande, à ce moment, de tous les droits de bénéficiaire sur la fiducie; c) chaque associé d’une société de personnes est réputé posséder la fraction de toutes les actions d’une catégorie donnée du capital-actions d’une société qui appartiennent à la société de personnes, à ce moment, que représente la juste valeur marchande, à ce moment, de sa participation dans la société de personnes par rapport à la juste valeur marchande, à ce moment, de toutes les participations de tous les associés dans la société de personnes; d) un particulier qui rend des services pour le compte d’une société qui, advenant que ce particulier ou une (b) an ambulance, (e) a motor vehicle autre personne lui étant liée soit, à ce moment, un actionnaire déterminé de la société, exploitant une entreprise de prestation de services personnels est réputée être un actionnaire déterminé de cette société à ce moment, si lui, ou une personne ou une société de personnes ayant avec lui un lien de dépendance, a droit ou, en vertu d’un arrangement, peut avoir droit, directement ou indirectement, à au moins 10 % des biens ou des actions d’une catégorie donnée du capital-actions de la société ou d’une société liée à celle-ci; e) malgré l’alinéa b), lorsque la part d’un bénéficiaire sur le revenu ou le capital de la fiducie dépend de l’exercice ou du non-exercice par une personne d’un pouvoir discrétionnaire, le bénéficiaire est réputé posséder chaque action du capital-actions d’une société que la fiducie possède à ce moment. (specified shareholder) action ordinaire Action dont le détenteur n’est pas empêché, lors de la réduction ou du rachat du capital-actions, de participer à l’actif de la société au-delà de la somme versée pour cette action, plus une prime fixée et un taux déterminé de dividende. (common share) action particulière à une institution financière Action émise avant 20 heures, heure avancée de l’Est, le 18 juin 1987, ou action de régime transitoire, dont les caractéristiques ou une convention dont, au moment considéré, il est raisonnable de considérer, compte tenu des circonstances : a) soit que le montant des dividendes — appelé « part des bénéfices » à la présente définition — qui peut être déclaré ou versé sur l’action est, par une formule ou autrement, soit fixe, soit plafonné, soit assujetti à un plancher; b) soit que le montant — appelé « part de liquidation » à la présente définition — que l’actionnaire a droit de recevoir sur l’action à la dissolution ou à la liquidation de la société est, par une formule ou autrement, soit fixe, soit plafonné, soit assujetti à un plancher; sont toutefois exclues de la présente définition les actions qui, au moment considéré, sont des actions visées respectivement à l’alinéa e) de la définition d’action privilégiée à terme, des actions visées à l’alinéa e) de la définition d’action privilégiée à terme pour la durée applicable qui y est mentionnée ou des actions privilégiées imposables; pour l’application de la présente définition : c) la part des bénéfices d’une action est réputée ne pas être fixe, plafonnée ou assujettie à un plancher si (d) where the taxpayer is a corporation, tous les dividendes sur l’action sont déterminés uniquement en fonction de la part des bénéfices d’une autre action du capital-actions de la société émettrice ou d’une autre société qui la contrôle qui ne serait pas une action privilégiée imposable s’il n’était pas tenu compte de l’alinéa f) de la définition d’action privilégiée imposable, si elle était émise après le 18 juin 1987 et s’il s’agissait d’une action de régime transitoire, d’une action visée par règlement ou d’une action visée à l’alinéa e) de la définition d’action privilégiée à terme; d) la part de liquidation d’une action est réputée ne pas être fixe, plafonnée ou assujettie à un plancher si la totalité de cette part est déterminée uniquement en fonction de la part de liquidation d’une autre action du capital-actions de la société émettrice ou d’une autre société qui la contrôle qui ne serait pas une action privilégiée imposable s’il n’était pas tenu compte de l’alinéa f) de la définition d’action privilégiée imposable, si elle était émise après le 18 juin 1987 et s’il ne s’agissait pas d’une action de régime transitoire, d’une action visée par règlement ou d’une action visée à l’alinéa e) de la définition d’action privilégiée à terme; e) s’il est raisonnable de considérer que les dividendes qui peuvent être déclarés ou versés à un actionnaire à un moment donné sur une action d’une société — à l’exclusion d’une action visée par règlement et d’une action visée à l’alinéa e) de la définition d’action privilégiée à terme pour la durée applicable qui y est mentionnée — émise après le 15 décembre 1987 ou acquise après le 15 juin 1988 proviennent principalement de dividendes reçus sur des actions particulières à une institution financière du capital-actions d’une autre société et s’il est raisonnable de considérer que l’action a été émise ou acquise dans le cadre d’une opération, d’un événement ou d’une série d’opérations ou d’événements dont l’un des principaux objets consistait à se soustraire à l’application de la partie IV.1 ou à en restreindre l’application, l’action est réputée, au moment donné, être une action particulière à une institution financière. (taxable RFI share) action privilégiée Action autre qu’une action ordinaire. (preferred share) action privilégiée à court terme Action émise après le 15 décembre 1987 — à l’exclusion d’une action de régime transitoire — qui est au moment considéré : a) soit une action dont les caractéristiques, une convention ou une modification de ces caractéristiques ou de cette convention prévoient que la société (C) either (date d’exigibilité du solde) émettrice ou une personne apparentée à celle-ci à l’obligation ou peut avoir l’obligation, à tout moment dans les cinq ans suivant la date d’émission de l’action, de racheter, d’acquérir ou d’annuler l’action en tout ou en partie — sauf si l’obligation ne survient qu’en cas de décès de l’actionnaire ou qu’à cause seulement d’un droit de conversion ou d’échange de l’action — ou de réduire le capital versé au titre de l’action; pour l’application du présent alinéa : (i) dans une convention concernant une action, il n’est pas tenu compte de la stipulation par laquelle une personne convient d’acquérir l’action contre un des montants suivants : (A) s’il s’agit d’une action (à l’exception d’une action qui serait, sans cette stipulation, une action privilégiée imposable) visée par une convention par laquelle l’action doit être acquise dans les 60 jours suivant la date de la conclusion de la convention, un montant qui ne dépasse pas le plus élevé de la juste valeur marchande de l’action au moment de la conclusion de la convention — déterminée sans égard à la convention — et de la juste valeur marchande de l’action au moment de l’acquisition — déterminée sans égard à la convention —, (B) dans les autres cas, un montant qui ne dépasse pas la juste valeur marchande de l’action au moment de l’acquisition — déterminée sans égard à la convention — ou un montant déterminé en fonction de l’actif ou des gains de la société émettrice qu’il est raisonnable de considérer comme servant à déterminer — sans égard à la convention — un montant qui ne dépasse pas la juste valeur marchande de l’action au moment de l’acquisition, (ii) est assimilé à un actionnaire l’actionnaire d’un actionnaire; b) soit une action convertible ou échangeable à tout moment dans les cinq ans suivant la date de son émission, sauf si : (i) d’une part, elle est convertible ou échangeable contre une autre action de la société émettrice ou d’une personne liée à celle-ci qui, si elle était émise, ne serait pas une action privilégiée à court terme ou contre un droit ou un bon de souscription qui, s’il était exercé par une personne autre que la société émettrice ou d’une personne liée à celle-ci qui, si elle était émise, ne serait pas une action privilégiée (a) a viscosity, determined in a prescribed manner, equal to or greater than 10,000 centipoise, or (b) a density, determined in a prescribed manner, equal to or less than 12 degrees API; (sables bitumineux) Canadian-controlled private corporation has the meaning assigned by subsection 125(7); (société privée sous contrôle canadien) Canadian corporation has the meaning assigned by subsection 89(1); (société canadienne) Canadian development expense has the meaning assigned by subsection 66.2(5); (frais d’aménagement au Canada) à court terme, ou contre à la fois une telle autre action et un tel droit ou bon de souscription, (ii) d’autre part, la contrepartie totale de l’action à recevoir à la conversion ou à l’échange est cette autre action ou ce droit ou bon de souscription, ou les deux, et pour l’application du présent sous-alinéa, dans le cas où un contribuable doit devenir en droit de recevoir, à la conversion ou à l’échange d’une action, une contrepartie donnée (à l’exception d’une contrepartie visée au sous-alinéa (i)) en remplacement d’une fraction d’action, la contrepartie donnée n’est réputée être une contrepartie que s’il est raisonnable de considérer qu’elle était à recevoir dans le cadre d’une série d’opérations ou d’événements dont l’un des principaux objets consistait à se soustraire à l’application de la partie IV.1 ou VI.1 ou à en restreindre l’application; pour l’application de la présente définition : c) dans le cas où, à un moment donné après le 15 décembre 1987 et autrement que par accord écrit conclu avant le 16 décembre 1987, les caractéristiques d’une action du capital-actions d’une société concernant ce qui est mentionné à l’un des alinéas a) à c) de la définition de « action privilégiée à court terme » sont établies ou modifiées ou une convention concernant ce qui est mentionné à l’un des alinéas a) à c) de la définition de « action privilégiée à court terme » est conclue ou modifiée, l’action est réputée, après ce moment donné, avoir été émise à ce moment donné; d) l’action qui a été émise à un moment donné après le 15 décembre 1987 ou dont, à un moment donné, les caractéristiques sont modifiées ou concernant laquelle, à un tel moment donné, une convention est conclue ou modifiée est réputée, après ce moment donné, avoir été émise à ce moment donné et être une action privilégiée à court terme si le contribuable, s’il est raisonnable de considérer, compte tenu des circonstances, notamment tous les droits attachés à une action privilégiée à court terme, que : (i) d’une part, l’action n’aurait pas été émise, ses caractéristiques modifiées ou la convention conclue ou modifiée, sans l’existence, à un moment, d’un titre de créance ou d’une telle action privilégiée à court terme, (ii) d’autre part, l’un des principaux objets de l’émission de l’action, de la modification de ses caractéristiques ou de la conclusion ou modification de la convention consiste à se soustraire à l’impôt Canadian exploration and development expenses has the meaning assigned by subsection 66(15); (frais d’exploration et d’aménagement au Canada) Canadian exploration expense has the meaning assigned by subsection 66.1(6); (frais d’exploration au Canada) and for the purposes of paragraphs (b) to (d), Canadian oil and gas property expense has the meaning assigned by subsection 66.4(5); (frais à l’égard de biens canadiens relatifs au pétrole et au gaz) Canadian partnership has the meaning assigned by section 102; (société de personnes canadienne) payable en application du paragraphe 191.1(1) ou à en limiter le montant; e) l’action dont, à un moment donné après le 15 décembre 1987 et autrement que par accord écrit conclu avant le 16 décembre 1987, les caractéristiques sont établies ou modifiées ou concernant laquelle, à un tel moment donné et autrement que par un tel accord, une convention est conclue ou modifiée est réputée avoir été émise à ce moment donné et être une action privilégiée à court terme de la société émettrice du moment donné au moment où il est raisonnable de ne plus s’attendre à ce que, en conséquence des caractéristiques ainsi établies ou modifiées ou de la convention ainsi conclue ou modifiée, la société émettrice ou une personne apparentée à celle-ci rachète, acquière ou annule — autrement qu’à cause des droits de l’actionnaire ou qu’à cause seulement d’un droit de conversion ou d’échange de l’action par l’effet de l’alinéa b) — l’action en tout ou en partie, ou réduise le capital versé au titre de l’action, dans les cinq ans suivant le moment donné; pour l’application du présent alinéa: (i) dans une convention concernant une action, il n’est pas tenu compte de la stipulation par laquelle une personne convient d’acquérir l’action contre des montants suivants: (A) s’il s’agit d’une action (à l’exception d’une action qui serait, sans cette stipulation, une action privilégiée imposable) visée par une convention par laquelle l’action doit être acquise dans les 60 jours suivant la date de conclusion de la convention, un montant qui ne dépasse pas le plus élevé de la juste valeur marchande de l’action au moment de la conclusion de la convention — déterminée sans égard à la convention et de la juste valeur marchande de l’action au moment de l’acquisition — déterminée sans égard à la convention, — (B) dans les autres cas, un montant qui ne dépasse pas la juste valeur marchande de l’action au moment de l’acquisition — déterminée sans égard à la convention — ou un montant déterminé en fonction de l’actif ou des gains de la société émettrice qui est raisonnable de considérer comme servant à déterminer — sans égard à la convention — un montant qui ne dépasse pas la juste valeur marchande de l’action au moment de l’acquisition, (ii) est assimilé à un actionnaire l’actionnaire d’un actionnaire; (c) a timber resource property, (e) any right to or interest in — or, for civil law, any right in or to — any property described in any of paragraphs (a) to (d); (bien canadien immeuble, réel ou minier) (c) was formed under the laws of a province; (société de personnes résidant au Canada) Canadian resource property has the meaning assigned by subsection 66(15); (avoir minier canadien) f) l’action qui est émise à un moment donné après le 15 décembre 1987, alors que l’existence de la société émettrice est limitée — ou un arrangement a été pris par lequel elle pourrait l’être — à une période de cinq ans ou moins suivant la date de l’émission est réputée être une action privilégiée à court terme de la société émettrice, sauf si l’un des faits ci-après s’avère : (i) l’action est une action de régime transitoire et l’arrangement a été pris avant le 16 décembre 1987, (ii) l’action est émise en faveur d’un particulier après le 14 avril 2005 aux termes d’une convention visée au paragraphe 7(1), et au moment de la particularité a exercé la dernière fois un droit prévu par la convention qui permet d’acquérir une action ou des capital-actions de la société émettrice, l’existence de celle-ci n’était pas limitée — et aucun arrangement n’était en vigueur par lequel elle pourrait l’être — à une période de cinq ans ou moins suivant la date de la dernière acquisition; g) l’action que la société émettrice ou une personne apparentée à celle-ci a acquise à un moment donné après le 15 décembre 1987, dans la mesure où les caractéristiques d’une action ou une convention concernant l’action conclue par la société émettrice ou par une personne apparentée à celle-ci prévoient qu’une personne — à l’exception de la société émettrice et d’un particulier qui n’est pas une fiducie — a l’obligation, conditionnelle ou non, immédiate ou éventuelle, de l’acquérir dans les cinq ans suivant le jour de l’émission de l’action — notamment dans le cadre d’une convention d’achat ou de rachat de l’action et y compris le dépôt de montants au fonds de la société ou à une personne apparentée à celle-ci pour, ou pour le compte de l’un ou de l’autre — donnée dans le cadre d’une opération, d’un événement ou d’une série d’opérations ou d’événements qui comprend l’émission de l’action, pour faire en sorte que soit limitée de façon quelconque toute perte que l’actionnaire ou une personne apparentée à celui-ci subirait parce qu’il est propriétaire de l’action ou d’un autre bien, le détient ou en dispose, l’action est réputée, après ce moment donné, avoir été émise à ce moment donné et cash method has the meaning assigned by subsection 28(1); (méthode de comptabilité de caisse) cemetery care trust has the meaning assigned by subsection 148.1(1); (fiducie pour l’entretien d’un cimetière) controlled foreign affiliate has, except as expressly otherwise provided in this Act, the meaning assigned by subsection 95(1); (société étrangère affiliée contrôlée) corporation includes an incorporated company; (société) être, au moment donné et juste après, une action privilégiée à court terme; pour l’application du présent alinéa, si l’engagement est donné à un moment donné après le 15 décembre 1987, autrement que par accord écrit conclu avant le 16 décembre 1987, l’action est réputée avoir été émise à ce moment donné et l’engagement est réputé avoir été donné dans le cadre d’une série d’opérations qui comprenait l’émission de l’action; i) l’action qui, au moment du versement d’un dividende sur celle-ci, est visée à l’alinéa e) de la définition d’action privilégiée à terme pour la durée applicable qui y est mentionnée ou est visée par règlement n’est pas, malgré les autres dispositions de la présente définition, considérée comme une action privilégiée à court terme à ce moment; j) personne apparentée s’entend au sens de l’alinéa h) de la définition d’action privilégiée imposable. (short-term preferred share) action privilégiée à terme Relativement à une société (appelée « émettrice » à la présente définition), action d’une catégorie du capital-actions de l’émettrice si l’action a été émise ou acquise dans le cadre d’une convention (ou de toute modification de cette convention) selon laquelle, à un moment donné où l’action a été émise ou acquise, l’existence de l’émettrice était limitée (ou un arrangement avait été pris en vue duquel elle pourrait être limitée) ou, dans le cas d’une action émise après le 16 novembre 1978, si, selon le cas : a) en vertu des caractéristiques de l’action, de toute convention concernant l’action ou de toute modification de ces caractéristiques ou d’une telle convention : (i) soit le propriétaire de l’action peut faire en sorte que l’action soit rachetée, acquise ou annulée (sauf si cette possibilité existe uniquement à cause d’un droit de convertir ou d’échanger l’action) ou que le capital versé au titre de l’action soit réduit, (ii) soit l’émettrice ou toute autre personne ou société de personnes peut ou doit être tenue de racheter, d’acquérir ou d’annuler, en tout ou en partie, l’action (sauf si cette obligation découle uniquement d’un droit de convertir ou d’échanger l’action) ou de réduire le capital versé au titre de l’action, (iii) soit l’émettrice ou toute autre personne ou société de personnes fournit ou peut être tenue de fournir toute forme de garantie, d’indemnité ou d’engagement semblable (y compris le prêt d’argent ou le placement des sommes en dépôt auprès du détenteur de l’action ou de toute personne liée à ce it became part of Canada; (société constituée au Canada) (d) [Repealed, 2016, c. 12, s. 63] dernier, ou pour son compte) relativement à l’action, (iv) soit l’action est convertible ou échangeable, sauf si : (A) d’une part, elle est convertible ou échangeable contre une autre action de l’émetteur ou d’une personne liée à celle-ci qui, si elle était émise, ne serait pas une action privilégiée à terme conférant un droit ou bon de souscription qui, s’il était exercé, permettrait à la personne qui l’exercerait d’acquérir uniquement une action de l’émetteur ou d’une personne liée à celle-ci qui, si elle était émise, ne serait pas une action privilégiée à terme, ou contre à la fois une telle autre action et un tel droit ou bon de souscription, (B) d’autre part, la contrepartie totale de l’action à recevoir à la conversion ou à l’échange est cette autre action ou ce droit ou bon de souscription, ou les deux, et pour l’application de la présente division, dans le cas où un contribuable peut échanger ou recevoir, à la conversion ou à l’échange de l’action, une contrepartie (autre que celle visée à la division (A)) en remplacement d’une fraction d’action, la contrepartie donnée n’est pas incluse dans une contrepartie que s’il est raisonnable de considérer qu’elle a reçu dans le cadre d’une série d’opérations ou d’événements dont l’un des principaux objets consistait à soustraire à l’application du paragraphe 112(2.1) ou 258(3) ou à en restreindre l’application; b) son propriétaire a acquis l’action après le 23 octobre 1979 et est : (i) une société visée à l’un des alinéas a) à e) de la définition de institution financière déterminée, (ii) une société contrôlée par une ou plusieurs sociétés visées au sous-alinéa (i), (iii) une société qui a acquis l’action après le 11 décembre 1979 et est liée à une société visée au sous-alinéa (i) ou (ii), (iv) une société de personnes ou fiducie dont une société visée au sous-alinéa (i) ou (ii) ou une personne qui lui est liée est respectivement un associé ou un bénéficiaire, et qui, seule ou avec une ou plusieurs de ces sociétés, sociétés de personnes ou fiducies, contrôle ou a le (ii) a net income stabilization account, cumulative eligible capital [Repealed, 2016, c. 12, s. 63] cumulative unused excess capacity has the same meaning as in subsection 18.2(1); (capacité excédentaire cumulative inutilisée) that raisonnablement s’attendre à ce qu’elle manquait, à un engagement résultant d’un titre de créance détenu par une personne avec laquelle l’émettrice ou l’autre société n’avait aucun lien de dépendance, si, à ce moment, l’action était en totalité, ou presque, émise, directement ou indirectement, en échange ou en remplacement de tout ou partie du titre de créance, et, dans le cas d’une action émise après le 12 novembre 1981, le produit tiré de l’émission peut raisonnablement être considéré comme ayant été utilisé par l’émettrice ou une société avec laquelle elle avait un lien de dépendance pour le financement de l’entreprise qu’elle exploitait au Canada immédiatement avant que soit émise l’action; f) qui est une action visée par règlement; f.1) qui est une action privilégiée imposable détenue par une institution financière déterminée qui a acquis l’action soit avant le 16 décembre 1987, soit avant 1989 conformément à une convention écrite conclue avant le 16 décembre 1987, à l’exception d’une action émise, par l’alinéa e) de la définition d’action privilégiée imposable, émise après cette date si le passage « 20 heures, heure avancée de l’Est, le 18 juin 1987 », à cet alinéa, était remplacé par « le 15 décembre 1987 »; pour l’application de la présente définition : (g) lorsque les modalités d’une convention établie ont été modifiées après le 16 novembre 1978, la convention est réputée avoir été conclue après cette date; h) dans l’un ou l’autre des cas suivants : (i) à un moment donné, les caractéristiques d’une action émise conformément à une convention établie ou à toute convention portant sur cette action ont été modifiées, (ii) selon : (A) les caractéristiques d’une action d’une catégorie du capital-actions de l’émettrice émises avant le 17 novembre 1978 (autre qu’une action cotée à une bourse de valeurs au Canada visée par règlement le 16 novembre 1978), (B) les caractéristiques d’une action émise conformément à une convention établie, Income Tax PART XVII Interpretation
deferred profit sharing plan has the meaning assigned by subsection 147(1); (régime de participation différée aux bénéfices) Impôt sur le revenu
(C) les modalités de toute convention entre l’émettrice et le propriétaire d’une action visée à la division (A) ou (B), (D) les modalités de toute convention portant sur une action visée à la division (A) ou (B) conclue après le 23 octobre 1979, le propriétaire de l’action pouvait, à un moment donné après le 16 novembre 1978, exiger, seul ou avec un ou plusieurs contribuables, le rachat, l’acquisition, l’annulation ou la conversion de l’action ou la réduction du capital versé au titre de l’action autrement qu’en raison de l’inobservation des caractéristiques de l’action ou des modalités de toute convention y afférente conclue au moment de l’émission de l’action, (iii) à un moment donné après le 16 novembre 1978, à l’égard d’une action émise avant le 17 novembre 1978, la date de rachat a été prorogée ou les modalités relatives au rachat, à son acquisition, à son annulation ou à sa conversion ou à la réduction de son capital versé ont été modifiées, (iv) à un moment donné après le 23 octobre 1979 et avant le 16 novembre 1978, une institution financière déterminée (ou une société de personnes ou une fiducie dont une telle institution, ou une personne qui lui est liée, est un associé ou un bénéficiaire) a acquis une action qui remplit les conditions suivantes : (A) elle a été émise avant le 17 novembre 1978 ou conformément à une convention établie, (B) elle a été émise à une personne autre qu’une société qui, au moment de l’émission, était : (I) soit visée à l’un des alinéas a) à e) de la définition de institution financière déterminée, (II) soit contrôlée par une ou plusieurs sociétés visées à la subdivision (I); pour l’application de la présente subdivision, une société est contrôlée par une ou plusieurs de ces sociétés si plus de 50 % des actions émises de son capital-actions comportant plein droit de vote en toutes circonstances appartiennent à l’autre société, à des personnes avec lesquelles celle-ci a un lien de dépendance, ou à la fois à l’autre société et à des personnes avec lesquelles celle-ci a un lien de dépendance, (C) elle a été acquise auprès d’une personne qui était, au moment donné, une personne autre (I) interest, (II) dividends, or qu’une société visée aux subdivisions (B)(I) ou (II), (D) elle a été acquise autrement que conformément à une convention écrite conclue avant le 24 octobre 1979, (v) à un moment donné après le 12 novembre 1981: (A) au titre d’une action — à l’exception d’une action visée à l’alinéa e) et d’une action cotée le 13 novembre 1981 à une bourse de valeurs au Canada visée par règlement — émise après le 16 novembre 1978 et avant le 13 novembre 1981 ou d’une action émise après le 12 novembre 1981 et avant 1983 conformément à une convention écrite conclue en ce sens avant le 13 novembre 1981 — appelée « convention déterminée » à la présente définition —, le propriétaire de l’action pouvait exiger, seul ou avec un ou plusieurs contribuables, le rachat, l’acquisition, l’annulation ou la conversion de l’action ou la réduction du capital versé au titre de l’action, sauf qu’en raison de l’observation des caractéristiques de l’action ou des modalités de toute convention y afférente conclue après l’émission de l’action, (B) la date de rachat d’une action émise après le 16 novembre 1978 et avant le 13 novembre 1981 ou d’une action émise conformément à une convention déterminée a été prorogée ou les modalités relatives au rachat, à l’acquisition, à son annulation ou à sa conversion ou à la réduction de son capital versé ont été modifiées, (vi) à un moment donné après le 12 novembre 1981, une institution financière déterminée (ou une société de personnes ou une fiducie dont une telle institution, ou une personne qui lui est liée, est un associé ou un bénéficiaire) a acquis une action (sauf une action visée à l’alinéa e)) qui remplit les conditions suivantes : (A) elle a été émise avant le 13 novembre 1981 ou conformément à une convention déterminée, (B) elle a été acquise auprès d’une société de personnes ou d’une personne, sauf une personne qui était, au moment donné, une société visée à l’un des alinéas a) à f) de la définition « institution financière déterminée », (C) son acquisition n’est pas assujettie à un engagement, au sens du paragraphe 112(2.2), donné après le 12 novembre 1981, and designated insurance property has the meaning assigned by subsection 138(12); (bien d’assurance désigné) (D) elle a été acquise autrement que conformément à une convention écrite conclue avant le 24 octobre 1979 ou une convention déterminée, l’action, pour ce qui est établi à un moment quelconque après le moment donné s’il s’agit d’une action privilégiée à terme, est réputée avoir été émise au moment donné autrement qu’en conformité avec une convention établie ou déterminée; i) lorsque les caractéristiques d’une action du capital-actions de l’émetteur sont modifiées ou établies après le 28 juin 1982 et que, de ce fait, ou peut raisonnablement s’attendre à ce que l’émetteur, toute personne liée avec elle ou toute société de personnes dont l’émetteur ou une personne liée à elle est un associé ou un bénéficiaire, rachète, acquière ou annule l’action, en tout ou en partie, ou réduise son capital versé à un moment quelconque, relativement à cette action visée à l’alinéa a) depuis la date de la modification ou de la date de l’établissement, selon le cas;
i.1) s’il est raisonnable de considérer que les dividendes qui peuvent être déclarés ou versés relativement à une action visée à l’alinéa a) pour la durée applicable qui y est mentionnée — émise après le 15 décembre 1987 ou après le 15 juin 1988 proviennent principalement de dividendes reçus sur des actions privilégiées à terme du capital-actions d’une autre société et s’il est raisonnable de considérer que l’action a été émise ou acquise dans le cadre d’une opération, d’un événement ou d’une série d’opérations ou d’événements dont l’un des principaux objets consistait à contourner l’application des paragraphes 112(2.1), 138(6) ou 258(3) ou à en restreindre l’application, l’action est réputée à ce moment donné être une action privilégiée à terme acquise dans le cours normal des activités d’une entreprise;
i.2) dans le cas où, à un moment donné après le 15 décembre 1987 et avant le moment donné qui est après le 16 décembre 1987, les caractéristiques d’une action privilégiée imposable du capital-actions d’une société concernent ce qui est mentionné à l’un des sous-alinéas a)(i) à (iv) sont établies ou modifiées ou une convention concernant ce qui est mentionné à l’un de ces sous-alinéas et à laquelle la société ou une personne apparentée à celle-ci, est un des bénéficiaires, est conclue ou modifiée, l’action est réputée, après ce moment donné, avoir été émise à ce moment donné (ii) [Repealed, 2013, c. 34, s. 358] j) lorsqu’une action donnée du capital-actions d’une société a été émise ou ses caractéristiques modifiées, et qu’il est raisonnable de considérer, compte tenu des circonstances (notamment du taux d’intérêts sur une créance ou du dividende attaché à une action privilégiée à terme), que : (i) d’une part, si ce n’était l’existence, à un moment quelconque, de la créance ou de l’action privilégiée, l’action donnée n’aurait pas été émise ou ses caractéristiques modifiées, (ii) d’autre part, l’un des principaux objets de l’émission de l’action donnée ou de la modification de ses caractéristiques était d’éviter la restriction à la déduction prévue aux paragraphes 112(2.1) ou 138(6), ou d’éviter l’application du paragraphe 258(3), l’action donnée est réputée, après le 31 décembre 1982, être une action privilégiée à terme de la société. (term preferred share) action privilégiée imposable L’une des actions suivantes : a) action émise après le 15 décembre 1987 qui est, à ce moment considéré, une action privilégiée à court terme; b) action émise après 20 heures, heure avancée de l’Est, le 18 juin 1987 — à l’exception d’une action de régime transitoire — dont, au moment considéré, les caractéristiques ou une convention à laquelle la société émettrice ou une personne apparentée à celle-ci est partie font : (i) soit qu’il est raisonnable de considérer, compte tenu des circonstances, que le montant des dividendes — appelé « part de dividendes » à la présente définition — qui peut être déclaré ou versé sur l’action est, par une formule ou autrement, soit fixe, soit plafonné, soit, si le dividende qui peut être déclaré ou versé sur l’action a rang préférentiel sur tout autre dividende qui peut être déclaré ou versé sur une autre action du capital-actions de la société émettrice, assujetti à un plafond (le plafond étant un montant déterminé sur une base cumulative), (ii) soit qu’il est raisonnable de considérer, compte tenu des circonstances, que le montant — appelé « part de liquidation » à la présente définition — que l’actionnaire a le droit de recevoir sur l’action à la dissolution ou la liquidation de la société émettrice ou au rachat, à l’acquisition ou à l’annulation de l’action ou à la réduction du capital versé au titre (g) [Repealed, 2005, c. 30, s. 17] de l’action, par la société émettrice ou par une personne apparentée à celle-ci — sauf si l’obligation de rachat, d’acquisition ou d’annulation ne survient qu’en cas de décès de l’actionnaire ou à cause seulement d’un droit de conversion ou d’échange de l’action — est, par une formule ou autrement, soit fixé, soit plafonné, soit assujetti à un plancher, un actionnaire d’un actionnaire, pour l’application du présent sous-alinéa, assimilé à un actionnaire, (iii) soit que l’action est convertible ou échangeable à tout moment, sauf si : (A) d’une part, elle est convertible ou échangeable contre une action de la société émettrice ou d’une personne liée à celle-ci qui, si elle était émise, ne serait pas une action privilégiée imposable ou contre un droit ou bon de souscription qui, s’il était exercé, permettrait à la personne qui l’exercerait d’acquérir uniquement une action de la société émettrice ou d’une personne liée à celle-ci qui, si elle était émise, ne serait pas une action privilégiée imposable, ou (B) d’autre part, la contrepartie de l’action à recevoir à la conversion ou à l’échange est une autre action ou ce droit ou bon de souscription, ou les deux, et, pour l’application de la présente division, dans le cas où un contribuable détient un droit de recevoir, à la conversion ou à l’échange d’une action, une contrepartie donnée (à l’exception d’une contrepartie visée à la division (A)) en remplacement d’une fraction d’action, la contrepartie donnée n’est réputée être une contrepartie que si elle est raisonnable eu égard à ce qu’elle était à recevoir dans le cadre d’une série d’opérations ou d’événements dont l’un des principaux objets consistait à se soustraire à l’application de la partie IV.1 ou VI.1 ou à en restreindre l’application; (iv) soit qu’au moment considéré ou juste avant, une personne qui n’est pas la société émettrice a l’obligation, conditionnelle ou non, immédiate ou future, d’exécuter un engagement — notamment une garantie, promesse ou convention d’achat ou de rachat de l’action et y compris le dépôt de montants ou le prêt de fonds à l’actionnaire ou à une personne apparentée à celui-ci ou pour le compte de l’un ou de l’autre — donné dans le cadre d’une opération, d’un événement ou d’une série d’opérations ou d’événements qui comprend l’émission de l’action pour faire en sorte : (l) any issue of a bond, debenture, note, certificate, mortgage or hypothecary claim, (ii) the merger or combination (A) ou bien que soit limitée d’une façon quelconque toute perte que l’actionnaire ou une personne apparentée à celui-ci peut subir parce qu’il est propriétaire de l’action ou d’un autre bien, le détient ou en dispose, (B) ou bien que l’actionnaire ou une personne apparentée à celui-ci obtienne des gains parce qu’il est propriétaire de l’action ou d’un autre bien, le détient ou en dispose; pour l’application du présent alinéa, si l’engagement est donné à un moment donné après 20 heures, heure avancée de l’Est, le 18 juin 1987, autrement que par accord écrit conclu avant 20 heures, heure avancée de l’Est, le 18 juin 1987, l’action est réputée avoir été émise à ce moment donné et l’engagement est réputé avoir été donné dans le cadre d’une série d’opérations qui comprend l’émission de l’action; sont toutefois exclues de la présente définition les actions qui, au moment considéré, sont visées par règlement ou visées à l’alinéa e) de la définition d’action privilégiée à terme pour la durée applicable qui y est mentionnée, pour l’application de cette définition : c) la part des bénéfices d’une action du capital-actions d’une société est réputée ne pas être fixe, plafonnée ou assujettie à un plafond si les dividendes sur l’action sont déterminés uniquement en fonction de la part des bénéfices d’une autre action du capital-actions de la société ou d’une autre société qui ne serait pas une action privilégiée imposable si la présente définition ne comportait pas l’alinéa f), si elle était émise après le 18 juin 1987 et s’il ne s’agissait pas d’une action de régime transitoire, d’une action visée par règlement ou d’une action visée à l’alinéa e) de la définition d’action privilégiée à terme; d) la part de liquidation d’une action du capital-actions d’une société est réputée ne pas être fixe, plafonnée ou assujettie à un plafond si la totalité de cette part peut être déterminée uniquement en fonction de la part de liquidation d’une autre action du capital-actions de la société ou d’une autre société qui ne serait pas une action privilégiée imposable si la présente définition ne comportait pas l’alinéa f), si elle était émise après le 18 juin 1987 et s’il ne s’agissait pas d’une action de régime transitoire, d’une action visée par règlement ou d’une action visée à l’alinéa e) de la définition d’action privilégiée à terme; (iii) either e) dans le cas où, à un moment donné après 20 heures, heure avancée de l’Est, le 18 juin 1987 et autrement que par accord écrit conclu avant 20 heures, heure avancée de l’Est, le 18 juin 1987, les caractéristiques d’une action du capital-actions d’une société concernant ce qui est mentionné à l’un des sous-alinéas b)(i) à (iv) sont établies ou modifiées ou une convention concernant ce qui est mentionné à l’un de ces sous-alinéas et à laquelle la société ou une personne apparentée à celle-ci est partie est conclue ou modifiée, l’action est réputée, pour ce qui est de déterminer après ce moment donné s’il s’agit d’une action privilégiée imposable, avoir été émise à ce moment donné, sauf s’il s’agit d’une action visée à l’alinéa b) de la définition d’action de régime transitoire et si le moment donné se situe avant le 16 décembre 1987 et avant le moment où l’action a initialement été émise; f) dans une convention concernant une action, il n’est pas tenu compte de la stipulation par laquelle une personne convient d’acquérir l’action contre une des montants suivants : (i) s’il s’agit d’une action visée par une convention par laquelle l’action doit être acquise dans les 60 jours suivant la date de conclusion de la convention, un montant qui ne dépasse pas le plus élevé de la juste valeur marchande de l’action au moment de l’acquisition — déterminée sans égard à la convention — et de la juste valeur marchande de l’action au moment de l’acquisition — déterminée sans égard à la convention; (ii) dans les autres cas, un montant qui ne dépasse pas la juste valeur marchande de l’action au moment de l’acquisition — déterminée sans égard à la convention — ou un montant déterminé en fonction de l’actif ou des gains de la société émettrice qui est raisonnable de considérer comme servant à déterminer — sans égard à la convention — un montant qui ne dépasse pas la juste valeur marchande de l’action au moment de l’acquisition; g) s’il est raisonnable de considérer que les dividendes qui peuvent être déclarés ou versés à un actionnaire à un moment donné après le 15 juin 1988 — à l’exclusion d’une action visée par le règlement et d’une action visée à l’alinéa e) de la définition d’action privilégiée à terme pour la durée applicable qui y est mentionnée — proviennent entièrement de dividendes reçus sur des actions privilégiées imposables du capital-actions d’une autre société et s’il est raisonnable de considérer que l’action a été émise ou acquise dans le cadre d’une série d’opérations ou d’événements dont l’un des principaux objets consistait à se soustraire à l’application de la partie IV.1 ou VI.1 ou à en restreindre l’application, l’action est réputée, au moment donné, être une action privilégiée imposable; h) une personne est apparentée à une autre personne si elle a un lien de dépendance avec cette autre personne ou avec une société de personnes ou fiducie dont cette autre personne ou cette personne est respectivement un associé ou un bénéficiaire. (taxable preferred share) activités de recherche scientifique et de développement expérimental Investigation ou recherche systématique d’ordre scientifique ou technologique, effectuée par voie d’expérimentation ou d’analyse, c’est-à-dire : a) la recherche pure, à savoir les travaux entrepris pour l’avancement de la science sans aucune application pratique en vue; b) la recherche appliquée, à savoir les travaux entrepris pour l’avancement de la science avec application pratique en vue; c) le développement expérimental, à savoir les travaux entrepris en vue de l’avancement de la science ou de la technologie ou en vue de la création de nouveaux matériaux, dispositifs, produits ou procédés ou de l’amélioration, même légère, de ceux qui existent. Pour l’application de la présente définition à un contribuable, sont compris parmi les activités de recherche scientifique et de développement expérimental : d) les travaux entrepris par le contribuable ou pour son compte relativement aux travaux de génie, à la conception, à la recherche opérationnelle, à l’analyse mathématique, à la programmation informatique, à la collecte de données, aux essais et à la recherche psychologique, lorsque ces travaux sont proportionnels aux besoins des travaux visés aux alinéas a), b) ou c) qui sont entrepris au Canada par le contribuable ou pour son compte et servent à leur réalisation. Ne constituent pas des activités de recherche scientifique et de développement expérimental les travaux relatifs aux activités suivantes : e) l’étude du marché et la promotion des ventes; f) le contrôle de la qualité ou la mise à l’essai normale des matériaux, dispositifs, produits ou procédés; g) la recherche dans les sciences sociales ou humaines; Income Tax PART XVII Interpretation
eligible capital amount [Repealed, 2016, c. 12, s. 63] eligible capital expenditure [Repealed, 2016, c. 12, s. 63] eligible capital property [Repealed, 2016, c. 12, s. 63] eligible dividend has the meaning assigned by subsection 89(1); (dividende déterminé) h) la prospection, l’exploration et le forage fait en vue de la découverte de minéraux, de pétrole ou de gaz naturel et leur production; i) la production commerciale d’un matériau, d’un dispositif ou d’un produit nouveau ou amélioré, et l’utilisation commerciale d’un procédé nouveau ou amélioré; j) les modifications de style; k) la collecte normale de données. (scientific research and experimental development) affaires s’entend au sens de entreprise. (business) agriculture Sont compris dans l’agriculture la culture du sol, l’élevage ou l’exposition d’animaux de ferme, l’entretien de chevaux de course, l’élevage de la volaille, l’élevage des animaux à fourrure, la production laitière, la pisciculture et l’apiculture. Ne sont toutefois pas visés par la présente définition la charge ou l’emploi auprès d’une personne exploitant une entreprise agricole. (farming) allocation de retraite Somme, sauf une prestation de retraite ou de pension, reçue en vertu de l’alinéa 6(1)a)(iv), reçue par un contribuable ou, après son décès, par une personne qui était à sa charge ou qui lui était apparentée, ou par un représentant légal du contribuable : a) soit en reconnaissance de longs états de service du contribuable au moment où il prend sa retraite d’une charge ou d’un emploi ou par la suite; b) soit à l’égard de la perte par le contribuable d’une charge ou d’un emploi, qu’elle ait été reçue ou non à titre de dommages ou conformément à une ordonnance ou sur jugement d’un tribunal compétent. (retiring allowance) ancien bien d’entreprise Immobilisation d’un contribuable utilisée par lui ou par une personne qui lui était principalement en vue de tirer un revenu de l’entreprise et qui était un bien immeuble ou qui était louable, ou un intérêt du contribuable sur un bien réel ou un droit du contribuable sur un immeuble, ou un bien qui fait l’objet du choix prévu au paragraphe 13(4.2), à l’exclusion toutefois : a) d’un bien locatif du contribuable; b) du fonds de terre sous-jacent à un bien locatif du contribuable; c) du terrain contigu au fonds de terre visé à l’alinéa b) et qui sert de parc de stationnement, de voie d’accès, de cour, de jardin ou qui est par ailleurs nécessaire pour l’usage du bien locatif visé à cet alinéa; d) d’une tenure à bail sur tout bien décrit aux alinéas a) à c). Pour l’application de la présente définition, est un bien locatif d’un contribuable le bien immeuble ou réel dont il est propriétaire, conjointement ou avec une autre personne ou autrement, et qu’il utilise au cours de l’année d’imposition à laquelle le terme s’applique, principalement en vue de tirer un revenu brut qui consiste en un loyer, à l’exception d’un bien que le contribuable donne à bail à une personne qui lui est liée et que celle-ci utilise principalement à une autre fin. N’est pas un bien locatif le bien que le contribuable ou la personne liée donne à bail à un preneur dans le cours normal des activités d’une entreprise du contribuable ou de la personne liée qui consiste à vendre des marchandises ou à fournir des services, aux termes d’une convention par laquelle le preneur s’engage à utiliser le bien pour exploiter l’entreprise qui consiste à vendre les marchandises ou fournir les services ou de la personne liée, fournir ces services ou à promouvoir cette vente ou cette fourniture. (former business property) argent emprunté Y est assimilé le produit, pour un contribuable, provenant de la vente d’une tenure postdatée tirée par le contribuable sur une banque. (borrowed money) arrangement de capitaux propres synthétiques déterminé S’entend, relativement à une AMTD d’une personne ou d’une société de personnes, d’un ou de plusieurs accords ou autres arrangements qui, à la fois : a) ont pour effet d’accorder à une personne ou société de personnes tout ou partie des possibilités de subir des pertes ou de réaliser des gains ou des bénéfices relativement à l’AMTD (étant entendu que les possibilités de réaliser des gains ou des bénéfices comprennent un droit, un bénéfice ou une distribution relatif à un action); b) peuvent raisonnablement être considérés comme étant conclus en rapport avec un arrangement de capitaux propres synthétiques relatif à l’AMTD ou un autre arrangement de capitaux propres synthétiques déterminé relatif à l’AMTD. (specified synthetic equity arrangement) arrangement de disposition factice Relativement à un bien appartenant à un contribuable, un ou plusieurs accords ou autres arrangements à l’égard desquels les énoncés ci-après se vérifient : (a) a fund, plan or trust referred to in subparagraph 6(1)(a)(i) or paragraph 6(1)(d) or (f), (c.2) a retirement compensation arrangement, (e) a prescribed arrangement; (régime de prestations aux employés) employee life and health trust has the meaning assigned by subsection 144.1(2); (fiducie de soins de santé au bénéfice d’employés) a) ils sont conclus par le contribuable ou par une personne ou une société de personnes avec laquelle il a un lien de dépendance; b) ils ont pour effet ou auraient pour effet, s’ils étaient conclus par le contribuable plutôt que par la personne ou la société de personnes, d’éliminer, en totalité ou en presque totalité, les possibilités, pour le contribuable, de subir des pertes et de réaliser des gains ou des bénéfices relativement au bien pendant une période définie ou indéfinie; c) en ce qui a trait à tout accord ou arrangement conclu par une personne ou une société de personnes ayant un lien de dépendance avec le contribuable, il est raisonnable de considérer qu’il a été conclu, en tout ou en partie, dans le but de produire l’effet visé à l’alinéa b). (synthetic disposition arrangement) arrangement de services funéraires S’entend au sens du paragraphe 148.1(1). (eligible funeral arrangement) arrangements de capitaux propres synthétiques Relativement à une action qui est une AMTD à l’égard d’une personne donnée ou d’une société de personnes (les « personnes rattachées » à la présente définition — étant entendu que sont aussi visés les accords ou arrangements conclus par plusieurs de ces personnes — avec ou plusieurs personnes ou sociétés de personnes chacune étant appelée « contrepartie » à la présente définition et « contrepartie » ou « contrepartie affiliée », comme il convient, au paragraphe 112(2.32)), (ii) ont pour effet, ou auraient pour effet, si chaque accord conclu par une personne rattachée était conclu par la personne donnée, d’accorder, en totalité ou en presque totalité, les possibilités de subir des pertes et de réaliser des gains ou des bénéfices (étant entendu que les possibilités de réaliser des gains ou des bénéfices comprennent tout, un bénéfice ou une distribution relatif à une action) relativement à l’AMTD à une contrepartie ou à un groupe de contreparties dont chaque membre est affilié à chaque autre membre, (iii) s’ils sont conclus par une personne rattachée, peuvent raisonnablement être considérés comme ayant été conclus lorsqu’elle savait, ou aurait dû savoir, que l’effet visé au sous-alinéa (ii) se produirait; b) ne comprend pas les accords ou autres arrangements suivants : (i) un accord qui est négocié sur une bourse reconnue en instruments financiers dérivés, sauf s’il est raisonnable de considérer que, au moment de la conclusion de l’accord, l’un des énoncés ci-après se vérifie : (A) la personne donnée ou la personne rattachée, selon le cas, sait ou devrait savoir que l’accord fait partie d’une série d’opérations qui a pour effet d’accorder, en totalité ou en presque totalité, les possibilités de subir des pertes et de réaliser des gains ou des bénéfices relativement à l’AMTD à un investisseur indifférent relativement à l’impôt, ou à un groupe d’investisseurs indifférents relativement à l’impôt dont chaque membre est affilié à chaque autre membre, (B) l’une des principales raisons de conclure l’accord consiste à définir dans le cadre de l’accord un dividende projeté ou un paiement, soit d’une réduction d’un montant qui aurait par ailleurs été inclus dans le revenu, qui correspond à un dividende projeté ou réel relativement à une AMTD, (ii) un ou plusieurs accords ou autres arrangements qui, n’était été le présent sous-alinéa, seraient des arrangements de capitaux propres synthétiques, relativement à une action dont la personne donnée est propriétaire (appelés « position à découvert synthétique » au présent sous-alinéa), si les énoncés ci-après se vérifiaient : (A) la personne donnée a conclu un ou plusieurs autres accords ou arrangements — étant entendu qu’en sont exclus tout accord dans le cadre duquel l’action est acquise ou tout accord dans le cadre duquel la personne donnée reçoit un dividende réputé et obtient la totalité ou la presque totalité des possibilités de subir des pertes et de réaliser des gains ou des bénéfices relativement à l’action — qui ont pour effet d’accorder, en totalité ou en presque totalité, les possibilités de subir des pertes et de réaliser des gains ou des bénéfices relativement à l’action à la personne donnée (appelés « position à couvert synthétique » au présent sous-alinéa), (B) la position à découvert synthétique a pour effet de réduire à nil les sommes incluses ou déduites dans le calcul du revenu de la personne donnée relativement à la position à couvert synthétique, (C) la position à découvert synthétique est prise dans le but de produire l’effet visé à la division (B), (iii) une convention d’achat des actions d’une société, ou une convention d’achat qui fait partie d’une série de conventions visant l’achat des actions d’une société, dans le cadre de laquelle une contrepartie ou un groupe de contreparties dont chaque membre est affilié à chaque autre membre acquiert le contrôle de la société qui a émis les actions qui font l’objet de l’achat, à moins que la principale raison de la constitution, de l’établissement ou de l’exploitation de la société consiste à faire appliquer le présent sous-alinéa. (synthetic equity arrangement) association canadienne enregistrée de sport amateur Association canadienne de sport amateur, au sens du paragraphe 149.1(1), qui a présenté une demande d’enregistrement en la forme prescrite et qui a été enregistrée et dont l’enregistrement n’a pas été révoqué. (registered Canadian amateur athletic association) associé détenant une participation majoritaire Quant à une société de personnes à un moment donné, contribuable — personne ou société de personnes — à l’égard duquel l’un des faits ci-après s’avère : a) la part qui lui revient du revenu de la société de personnes tiré de toutes sources soit pour le dernier exercice de celle-ci qui s’est terminé avant ce moment, soit, si le premier exercice de la société de personnes comprend ce moment, pour cet exercice, aurait dépassé la moitié du revenu de la société de personnes tiré de toutes sources pour l’exercice si le contribuable avait détenu tout au long de l’exercice chaque participation dans la société de personnes qu’il détenait à ce moment ou que détenait à ce moment une personne qui lui est affiliée; b) la part qui lui revient, majeure de la part qui revient à chaque personne liée et affiliée, du montant total qui serait payé à l’ensemble des associés de la société de personnes (autrement qu’à titre de part d’un revenu quelconque de cette dernière) si elle était liquidée à ce moment dépasse la moitié de ce montant. (majority interest partner) capital stock of one or more qualifying businesses that the trust controls; (fiducie collective des employés) associé déterminé S’agissant de l’associé déterminé, au cours d’un exercice ou d’une année d’imposition, selon le cas, d’une société de personnes, tout associé qui : a) soit est commanditaire de la société de personnes, au sens du paragraphe 96(2.4), à un moment de l’exercice ou de l’année; b) soit, de façon régulière, continue et importante tout au long de la partie de l’exercice ou de l’année où la société de personnes exploite habituellement son entreprise : (i) ne prend pas une part active dans les activités de l’entreprise de la société de personnes, sauf dans celles qui ont trait au financement de l’entreprise de la société de personnes, (ii) n’exploite pas une entreprise semblable à celle que la société de personnes a exploitée au cours de l’exercice ou de l’année, sauf à titre d’associé d’une société de personnes. (specified member) assureur A le même sens que compagnie d’assurance. (insurer) assureur sur la vie A le même sens que compagnie d’assurance-vie. (life insurer) automobile Véhicule à moteur principalement conçu ou aménagé pour transporter des particuliers sur les routes et dans les rues et comptant au maximum neuf places assises, y compris celle du conducteur, à l’exclusion des véhicules suivants : a) les ambulances; a.1) les véhicules d’intervention d’urgence clairement identifiés qui sont utilisés dans le cadre de la charge ou de l’emploi d’un particulier au sein d’un service des incendies ou de la police; b) les véhicules à moteur acquis principalement pour servir de taxi, les autobus utilisés dans une entreprise consistant à transporter des passagers et les fourgons funéraires utilisés dans une entreprise consistant à organiser des funérailles; b.2) les véhicules de secours médical d’urgence clairement identifiés qui sont utilisés, dans le cadre de la charge ou de l’emploi d’un particulier au sein d’un service de secours médical d’urgence ou d’un service d’ambulance, pour transporter de l’équipement médical d’urgence et un ou plusieurs préposés aux soins médicaux d’urgence ou travailleurs paramédicaux; employees profit sharing plan has the meaning assigned by subsection 144(1); (régime de participation des employés aux bénéfices) excess capacity has the same meaning as in subsection 18.2(1); (capacité excédentaire) excessive eligible dividend designation has the meaning assigned by subsection 89(1); (désignation excessive de dividende déterminé) federal credit union has the meaning assigned by section 2 of the Bank Act; (coopérative de crédit fédérale) c) sauf pour l’application des articles 6 et 15, les véhicules à moteur acquis pour être vendus ou loués dans le cadre de l’exploitation d’une entreprise de vente ou de location de véhicules à moteur et les véhicules à moteur utilisés pour le transport de passagers dans le cadre de l’exploitation d’une entreprise consistant à organiser des funérailles; d) les véhicules à moteur suivants : (i) les véhicules de type fourgonnette ou camionnette, ou d’un type analogue, comportant au maximum trois places assises, y compris celle du conducteur, et qui, au cours de l’année d’imposition où ils sont acquis ou loués, sont utilisés principalement pour le transport de marchandises ou de matériel en vue de gagner un revenu, (ii) les véhicules de type fourgonnette ou camionnette, ou d’un type analogue, dont la totalité ou la presque totalité de l’utilisation au cours de l’année d’imposition où ils sont acquis ou loués est pour le transport de marchandises, de matériel ou de passagers en vue de gagner un revenu, (iii) les véhicules de type camionnette qui sont utilisés, au cours de l’année d’imposition où ils sont acquis ou loués, principalement pour le transport de marchandises, de matériel ou de passagers en vue de gagner un revenu à un ou plusieurs endroits au Canada qui sont, à la fois : (A) visés, pour ce qui est d’un ou de plusieurs des occupants du véhicule, aux sous-alinéas 6(6)a)(i) ou (ii), (B) situés à au moins 30 kilomètres du point le plus rapproché de la limite de la plus proche centre de population, au sens du dernier dictionnaire des recensements publié par Statistique Canada avant l’année en question, qui compte une population d’au moins 40 000 personnes selon le dernier recensement publié par Statistique Canada avant cette année. (automobile) avocat S’entend au sens du paragraphe 232(1). (lawyer) avoir forestier S’entend au sens du paragraphe 13(21). (timber resource property) avoir minier canadien S’entend au sens du paragraphe 66(15). (Canadian resource property) avoir minier étranger S’entend au sens du paragraphe 66(15). Par ailleurs, un avoir minier étranger à l’égard Income Tax PART XVII Interpretation
Impôt sur le revenu
libre d’impôt pour l’achat d’une première propriété ou CELIAPP) fiscal period [Repealed, 1996, c. 21, s. 60] foreign accrual property income has the meaning assigned by section 95; (revenu étranger accumulé, tiré de biens) foreign affiliate has the meaning assigned by subsection 95(1); (société étrangère affiliée) foreign currency means currency of a country other than Canada; (monnaie étrangère) foreign currency debt has the meaning assigned by subsection 111(8); (dette en monnaie étrangère) foreign exploration and development expenses has the meaning assigned by subsection 66(15); (frais d’exploration et d’aménagement à l’étranger) foreign resource expense has the meaning assigned by subsection 66.21(1); (frais relatifs à des ressources à l’étranger) foreign resource pool expenses of a taxpayer means the taxpayer’s foreign resource expenses in respect of all countries and the taxpayer’s foreign exploration and development expenses; (frais globaux relatifs à des ressources à l’étranger) (b) a right, licence or privilege to foreign retirement arrangement means a prescribed plan or arrangement; (mécanisme de retraite étranger) (a) a rental property of the taxpayer, d’une société de personnes. (foreign resource property) banque Banque au sens de l’article 2 de la Loi sur les banques, à l’exception d’une coopérative de crédit fédérale, ou banque étrangère autorisée. (bank) banque étrangère autorisée S’entend au sens de l’article 2 de la Loi sur les banques. (authorized foreign bank) bien amortissable S’entend au sens du paragraphe 13(21). (depreciable property) bien canadien immeuble, réel ou minier a) Bien qui serait un bien immeuble ou réel situé au Canada en l’absence de la définition de bien immeuble ou réel au paragraphe 122.1(1); b) avoir minier canadien; c) avoir forestier; d) action du capital-actions d’une société, participation dans une société de personnes ou fiducie intermédiaire de placement déterminée — abstraction faite du paragraphe 122.1(2) —, une société de personnes intermédiaire de placement déterminée au sens de l’alinéa b) du paragraphe 197(8) ou une fiducie de placement immobilier, au sens du paragraphe 122.1(1), dont plus de 50 % de la juste valeur marchande est dérivée directement ou indirectement d’un ou de plusieurs des biens visés aux alinéas a) à c); e) tout droit ou intérêt sur les biens visés à l’un des alinéas a) à d) ou, pour l’application du droit civil, tout droit relatif à ces biens. (Canadian real, immovable or resource property) bien canadien imposable Sont des biens canadiens imposables d’un contribuable à un moment donné d’une année d’imposition : a) les biens immeubles ou réels situés au Canada; b) les biens utilisés ou détenus par le contribuable dans le cadre d’une entreprise exploitée au Canada, les biens compris dans la catégorie 14.1 de l’annexe II du Règlement de l’impôt sur le revenu relatifs à une telle entreprise ou les biens à porter à l’inventaire d’une telle entreprise, sauf : (i) les biens utilisés dans le cadre de l’exploitation d’une entreprise d’assurance, (b) land subject to a rental property of the taxpayer, (d) a leasehold interest in any property described in paragraphs (a) to (c), functional currency [Repealed, 2009, c. 2, s. 76] general rate income pool has the meaning assigned by subsection 89(1); (compte de revenu à taux général) (iii) si le contribuable est un non-résident, les navires et les aéronefs utilisés principalement en trafic international et les biens meubles ou personnels liés à leur fonctionnement, à condition que le pays de résidence du contribuable n’impose pas les gains que des personnes résidant au Canada tirent de la disposition de ces biens; c) si le contribuable est un assureur, ses biens d’assurance désignés pour l’année; d) les actions du capital-actions d’une société (sauf une société de placement à capital variable) qui ne sont pas inscrites à la cote d’une bourse de valeurs désignée ou les actions du capital-actions d’une société de personnes ou une fiducie (sauf une unité d’une fiducie de fonds commun de placement ou une participation au revenu d’une fiducie résidant au Canada) si, au cours de la période de 60 mois se terminant au moment donné, plus de 50 % de la juste valeur marchande des actions ou des participations, selon le cas, est dérivée directement ou indirectement (autrement que par l’intermédiaire d’une société, d’une société de personnes ou d’une fiducie dont les actions ou les unités ne sont pas elles-mêmes des biens canadiens imposables au sens de l’alinéa b)) de biens suivants : (i) des biens immeubles ou réels situés au Canada, (ii) des avoirs miniers canadiens, (iii) des avoirs forestiers, (iv) des options, des intérêts ou, pour l’application du droit civil, des droits sur des biens visés à l’un des sous-alinéas (i) à (iii), que ces biens existent ou non; e) les actions du capital-actions d’une société qui sont inscrites à la cote d’une bourse de valeurs désignée, les actions du capital-actions d’une société de placement à capital variable ou les unités d’une fiducie de fonds commun de placement si les conditions ci-après sont réunies au cours de la période de 60 mois se terminant au moment donné : (i) au moins 25 % des actions émises d’une catégorie du capital-actions de la société ou au moins 25 % des unités émises de la fiducie, selon le cas, appartenaient à l’une ou plusieurs des personnes suivantes : (A) le contribuable, (B) des personnes avec lesquelles le contribuable avait un lien de dépendance, goods and services tax means the tax payable under Part IX of the Excise Tax Act; (taxe sur les produits et services) (succession assujettie à l’imposition à taux progressifs) (c) des sociétés de personnes dans lesquelles le contribuable ou une personne visée à la division (B) détient une participation directement ou indirectement par l’intermédiaire d’une ou de plusieurs sociétés de personnes, (ii) plus de 50 % de la juste valeur marchande des actions ou des unités, selon le cas, est dérivée directement ou indirectement d’un ou de plusieurs des biens visés aux sous-alinéas d)(i) à (iv); f) les options, les intérêts ou, pour l’application du droit civil, les droits sur des biens visés à l’un des alinéas a) à e), que ces biens existent ou non. Pour l’application de l’article 2, du paragraphe 107(2.001) et des articles 128.1 et 150 et pour l’application des alinéas 85(1)i) et 97(2)c) aux dispositions effectuées par des personnes non-résidentes, sont compris parmi les biens canadiens imposables : g) les avoirs miniers canadiens; h) les avoirs forestiers; i) les participations au revenu d’une fiducie résidant au Canada; j) les droits à une part du revenu ou de la perte prévue par la convention mentionnée à l’alinéa 96(1.11)a); k) les polices d’assurance-vie au Canada. (taxable Canadian property) bien d’assurance désigné S’entend au sens du paragraphe 138(12). (designated insurance property) bien hors portefeuille S’entend au sens du paragraphe 122.1(1). (non-portfolio property) bien protégé par traité À un moment donné, bien d’un contribuable dont la disposition par lui à ce moment donné naissance à un revenu ou à un gain qui serait exonéré, par l’effet d’un traité fiscal, de l’impôt prévu à la partie I. (treaty-protected property) biens Biens de toute nature, meubles ou immeubles, réels ou personnels, tangibles ou intangibles, corporels ou incorporels, y compris les droits et actions, sauf indication contraire de ce qui précède : a) les droits de quelque nature qu’ils soient, les actions ou parts; b) à moins d’une intention contraire évidente, l’argent; c) les avoirs forestiers; d) les travaux en cours d’une entreprise qui est une profession libérale; e) l’achalandage d’une entreprise, mentionné au paragraphe 13(34). (property) biens à usage personnel S’entend au sens de l’article 54. (personal-use property) biens meubles déterminés S’entend au sens de l’article 54. (listed personal property) bourse de valeurs désignée Bourse de valeurs, ou partie d’une bourse de valeurs, à l’égard de laquelle une désignation, effectuée par le ministre des Finances aux termes de l’article 262, est en vigueur. (designated stock exchange) bourse de valeurs reconnue a) Bourse de valeurs désignée; b) toute autre bourse de valeurs située au Canada ou dans un pays membre de l’Organisation de coopération et de développement économiques qui a conclu un traité fiscal avec le Canada. (recognized stock exchange) bourse reconnue en instruments financiers dérivés S’entend d’une personne ou d’une société de personnes qui est reconnue ou inscrite aux termes des lois sur les valeurs mobilières d’une province afin d’exercer les activités qui consistent à fournir les installations nécessaires au commerce d’options, de swaps, de contrats à terme et d’autres contrats normalisés dont le cours, la valeur, les obligations de livraison, les obligations de paiement ou les obligations de règlement sont définis ou fondés sur des indices, des actions ou des contrats ou fonds sur celui-ci. (recognized derivatives exchange) caisse de crédit S’entend au sens du paragraphe 137(6), sauf pour l’application de la partie XVI.1. (credit union) capacité absorbée S’entend au sens du paragraphe 18.2(1). (absorbed capacity) capacité excédentaire S’entend au sens du paragraphe 18.2(1). (excess capacity) capacité excédentaire cumulative inutilisée S’entend au sens du paragraphe 18.2(1). (cumulative unused excess capacity) (b) policy dividends or experience rating refunds; (police d’assurance-vie collective temporaire) highest individual percentage, for a taxation year, means the highest percentage referred to in subsection 117(2) for the taxation year; (taux d’imposition supérieur pour l’année) capacité transférée S’entend au sens du paragraphe 18.2(1). (transferred capacity) capital versé S’entend au sens du paragraphe 89(1). (paid-up capital) chaîne d’arrangements de capitaux propres synthétiques S’entend, relativement à une action dont une personne ou une société de personnes est propriétaire, d’un arrangement de capitaux propres synthétiques ou d’un arrangement de capitaux propres synthétiques combiné avec un ou plusieurs arrangements de capitaux propres synthétiques déterminés dans le cadre duquel, à la fois : a) aucune partie à l’arrangement de capitaux propres synthétiques ou à un arrangement de capitaux propres synthétiques déterminé, le cas échéant, n’est un investisseur indifférent relativement à l’impôt; b) chaque autre partie à ces accords ou arrangements est affiliée à la personne ou société de personnes. (synthetic equity arrangement chain) charge Poste qu’occupe un particulier ou qui lui donne droit à un traitement ou à une rémunération fixes ou variables, y compris une charge de membre du Sénat ou de la Chambre des communes du Canada, de membre d’une assemblée législative ou de membre d’un conseil législatif ou exécutif et toute autre charge dont le titulaire est élu au suffrage universel ou élu ou nommé à titre représentatif, et comprend aussi le poste d’administrateur de société; fonctionnaire ou cadre désigne un particulier qui détient une charge de ce genre, y compris un conseiller municipal et un commissaire d’école. (office) combustible fossile S’entend au sens du paragraphe 1104(13) du Règlement de l’impôt sur le revenu. (fossil fuel) commerce A le même sens que entreprise. (business) compagnie d’assurance Société qui exploite une entreprise d’assurance. (insurance corporation) compagnie d’assurance-vie Société qui exploite une entreprise d’assurance-vie autre qu’une compagnie visée aux alinéas a) ou b) de la définition de entreprise d’assurance-vie, même si elle exerce également un commerce visé ainsi. (life insurance corporation) compte d’épargne libre d’impôt du CELI S’entend au sens du paragraphe 146.2(5). (TFSA) compte d’épargne libre d’impôt pour l’achat d’une première propriété ou CELIAPP S’entend au sens du paragraphe 146.6(1). (first home savings account or FHSA) compte de revenu à taux général S’entend au sens du paragraphe 89(1). (general rate income pool) compte de revenu à taux réduit S’entend au sens du paragraphe 89(1). (low rate income pool) compte de stabilisation du revenu net Relativement à un contribuable : a) compte dans le cadre du programme compte de stabilisation du revenu net institué aux termes de la Loi sur la protection du revenu agricole; b) compte visé par règlement. (net income stabilization account) conjoint de fait En ce qui concerne un contribuable à un moment donné, personne qui, à ce moment, vit dans une relation conjugale avec le contribuable et, selon le cas : a) a vécu ainsi tout au long de la période de douze mois se terminant à ce moment; b) est le père ou la mère d’un enfant dont le contribuable est le père ou la mère, compte non tenu des alinéas 252(1)c) et d) ni sous-alinéa 252(2)a)(iii). (common-law partner) Pour l’application de la présente définition, les personnes qui, à un moment quelconque, vivent ensemble dans une relation conjugale réputée à un moment donné après ce moment, vivent ainsi sauf si, au moment donné, elles vivaient séparées, pour cause d’échec de leur relation, pendant une période d’au moins 90 jours qui comprend le moment donné. (common-law partner) Conseil du Trésor Le Conseil du Trésor, constitué par l’article 5 de la Loi sur la gestion des finances publiques. (Treasury Board) conséquence fiscale future déterminée Quant à une année d’imposition : a) la conséquence de la déduction ou de l’exclusion d’un montant visé à l’alinéa 161(7)a); b) la conséquence de la réduction, prévue au paragraphe 66.1(2), d’un montant auquel une société a censément renoncé après le début de l’année en vertu des paragraphes 66.1(2.1) ou (2.2) ou par l’effet du paragraphe 66.1(2.66), déterminée selon l’hypothèse que (e) where cette renonciation, n’eût été le paragraphe 66(12.73), aurait pris effet seulement si, à la fois : (i) la renonciation avait été effectuée en janvier, février ou mars d’une année civile, (ii) la renonciation avait pris effet le dernier jour de l’année civile précédente, (iii) la société avait convenu, au cours de cette année précédente, d’émettre une action accréditive à une personne ou une société de personnes, (iv) le montant n’avait pas dépassé l’excédent éventuel de la contrepartie de l’émission de l’action sur le total des autres montants auxquels la société a censément renoncé en vertu des paragraphes 66(12.6) ou (12.601) relativement à cette contrepartie, (v) les conditions énoncées aux alinéas 66(12.6)c) et d) sont remplies en ce qui concerne la renonciation, (vi) le formulaire requis par le paragraphe 66(12.7) relativement à la renonciation est présenté au ministre au plus tard à la date limite. contrat de financement pour des activités de recherche scientifique et de développement expérimental S’entend au sens du paragraphe 194(6). (scientific research and experimental development financing) contrat de rente à versements invariables Relativement à un particulier, s’entend, sauf pour l’application de l’article 61, d’un contrat : a) d’une part, qui est un contrat de rente à versements invariables au sens du paragraphe 61(4); b) d’autre part, à l’égard duquel le particulier a effectué une déduction en vertu de l’article 61 dans le calcul de son revenu pour une année d’imposition. (income-averaging annuity contract) contrat dérivé à terme Contrat conclu par un contribuable pour l’achat ou la vente d’une immobilisation à l’égard duquel les énoncés ci-après se vérifient : a) sa durée dépasse 180 jours ou il fait partie d’une série de contrats d’une durée de plus de 180 jours; (I) described in any of paragraphs (a) to (e) of the definition specified financial institution, or b) s’agissant d’un contrat d’achat, la différence entre la juste valeur marchande du bien livré par suite du règlement, même partiel, du contrat et la somme payée pour le bien est attribuable, en tout ou en partie, à un élément sous-jacent — valeur, prix, taux variable, indice, événement, probabilité ou autre chose — autre que les suivants : (i) les recettes, le revenu ou les rentrées relatifs au bien sur la durée du contrat, les changements à sa juste valeur marchande sur la durée du contrat et tout autre critère semblable qui lui est applicable à moins que les conditions suivantes ne soient satisfaites : (A) le bien est : (I) soit un titre canadien (s’entend, au présent sous-alinéa, au sens du paragraphe 39(6)), (II) soit une participation dans une société de personnes dont la juste valeur marchande est dérivée, en tout ou en partie, d’un titre canadien, (III) soit un contrat visant l’acquisition d’un bien : (I) soit par un investisseur indifférent relativement à l’impôt, (II) soit une institution financière (au sens du paragraphe 142.2(1)), (C) il est raisonnable de considérer qu’un des objectifs principaux de la série d’opérations ou d’événements, ou de toute opération ou tout événement de la série, dont le contrat fait partie, consiste à ce que tout ou partie du gain en capital lors de la disposition (sauf une disposition du vendeur au contribuable en vertu de l’acquisition d’un titre canadien visée à la division (A) — dans le cadre de la même série d’opérations ou d’événements — soit imposé comme des montants payés sur le titre canadien par l’émetteur de ce titre pendant la durée du contrat à titre : (I) soit d’intérêts, (II) soit de dividendes, (III) soit de revenu d’une fiducie autre que le revenu prélevé sur les gains en capital imposables de la fiducie, have been issued at the particular time otherwise than pursuant to an established agreement; (obligation à intérêt conditionnel) insurance policy includes a life insurance policy; (police d’assurance) interest and financing expenses has the same meaning as in subsection 18.2(1), except for the purposes of the definition economic profit in subsection 126(7); (dépenses d’intérêts et de financement) interest and financing revenues has the same meaning as in subsection 18.2(1); (revenus d’intérêts et de financement) (a) the offshore storing or processing of goods, (ii) si le prix d’achat est libellé dans la monnaie d’un pays étranger, la variation de la valeur de la monnaie canadienne par rapport à la monnaie de ce pays, (iii) un élément sous-jacent qui se rapporte à l’achat de monnaie, s’il est raisonnable de considérer que le contribuable a convenu de l’achat dans le but de réduire le risque que présentent pour lui les fluctuations de la valeur de la monnaie dont provient la valeur d’une immobilisation du contribuable ou dans laquelle est libellé soit un achat ou une vente d’immobilisation par le contribuable, soit une obligation qui est une immobilisation du contribuable, c) s’agissant d’un contrat de vente : (i) la différence entre le prix de vente du bien et sa juste valeur marchande au moment de la conclusion du contrat par le contribuable est attribuable, en tout ou en partie, à un élément sous-jacent — valeur, prix, taux, variable, indice, événement, produit ou autre chose — autre que des produits : (A) les recettes ou les entrées réalisées au titre du contrat, dans la mesure où elles sont attribuables à sa juste valeur marchande sur la durée du contrat et tout autre critère semblable qui lui est applicable, (B) si le prix de vente est libellé dans la monnaie d’un pays étranger, la variation de la valeur de la monnaie canadienne par rapport à la monnaie de ce pays, (C) un élément sous-jacent qui se rapporte à la vente de monnaie, s’il est raisonnable de considérer que le contribuable a convenu de la vente dans le but de réduire le risque que présentent pour lui les fluctuations de la valeur de la monnaie dont provient la valeur d’une immobilisation du contribuable ou dans laquelle est libellé soit un achat ou une vente d’immobilisation par le contribuable, soit une obligation qui est une immobilisation du contribuable, (ii) le contrat fait partie d’un arrangement qui a pour effet — ou aurait pour effet si les contrats qui font partie de l’arrangement et qui ont été conclus par des personnes ou des sociétés de personnes ayant un lien de dépendance avec le contribuable étaient conclus par le contribuable plutôt que par de telles personnes ou sociétés de personnes — d’éliminer la majeure partie des possibilités, pour le contribuable, de subir des pertes et de réaliser des (c) laying cable, (d) salvaging, (f) tug-boating, (h) dredging, or (b) an emissions allowance; (inventaire) investment tax credit has the meaning assigned by subsection 127(9); (crédit d’impôt à l’investissement) gains ou des bénéfices relativement au bien pendant une période de plus de 180 jours. (derivative forward agreement) contribuables Sont comprises parmi les contribuables toutes les personnes, même si elles ne sont pas tenues de payer l’impôt. (taxpayer) convention de retraite Régime ou mécanisme dans le cadre duquel un employeur ou ancien employeur d’un contribuable ou une personne avec laquelle cet employeur ou ancien employeur a un lien de dépendance verse à une autre personne ou société de personnes — appelée « dépositaire » à la présente définition et à la partie XI.3 — des cotisations (à l’exception de paiements faits en vue d’acquérir un intérêt dans une police d’assurance-vie) se rapportant à des avantages que doit ou peut recevoir ou dont doit ou peut jouir une personne au moment d’un changement important des services rendus par le contribuable, au moment de la retraite de celui-ci ou au moment de la perte de sa charge ou de son emploi ou en ce moment ou en prévision de ce moment; ne sont toutefois pas des conventions de retraite : a) les régimes de pension agréés; a.1) les régimes de pension agréés collectifs; b) les régimes d’assurance-invalidité ou de sécurité du revenu prévus dans une police d’une compagnie d’assurance; c) les régimes de participation différée aux bénéfices; d) les régimes de participation des employés aux bénéfices; e) les régimes enregistrés d’épargne-retraite; f) les fiducies d’employés; f.1) les fiducies de soins de santé au bénéfice d’employés; g) les régimes collectifs d’assurance-maladie ou d’assurance contre les accidents; h) les régimes de prestations supplémentaires de chômage; i) les fiducies, visées à l’alinéa 149(1)y), pour indemnités de vacances ou de congés; j) les régimes ou mécanismes établis dans le but de différer le traitement ou salaire de sportifs professionnels pour les services qu’ils rendent en cette qualité au sein d’un club appartenant à une ligue qui organise joint spouse or common-law partner trust means a trust to which paragraph 104(4)(a) would apply if that paragraph were read without reference to subparagraph 104(4)(a)(iii) and clause 104(4)(a)(iv)(A); (fiducie mixte au profit de l’époux ou du conjoint de fait) lending asset means a bond, debenture, mortgage, hypothecary claim, note, agreement of sale or any other indebtedness or a prescribed share, but does not include a prescribed property; (titre de crédit) carried on by a life insurance corporation or a life insurer; (entreprise d’assurance-vie) des parties régulièrement programmées — appelés « régimes pour sportifs » à la présente définition —, dans le cas où: (i) d’une part, le régime ou mécanisme serait une entente d’échelonnement du traitement compté non tenu de l’alinéa j) de la définition de cette expression, (ii) d’autre part, s’il s’agit d’un club canadien, le dépositaire du régime ou mécanisme exploite une entreprise par l’entremise d’un lieu fixe d’affaires au Canada et est titulaire de ce qui aurait autrement été requis par la législation fédérale ou provinciale applicable pour permettre au Canada cette entreprise à offrir au public des services financiers; k) les ententes d’échelonnement du traitement compté dans le cadre desquelles des montants différés doivent ou non être ajoutés comme revenus en vertu de l’alinéa 6(1)a) dans le calcul du revenu d’un contribuable; l) les régimes ou mécanismes — à l’exception des régimes pour sportifs — maintenus principalement pour des employés non-résidents pour des services rendus à l’étranger; m) les polices d’assurance; n) les régimes ou mécanismes visés par règlement; pour l’application de la présente définition, dans le cas où une personne détient des biens en fiducie en vertu d’un mécanisme qui serait une convention de retraite si les biens étaient détenus par une autre personne, le mécanisme est réputé être une convention de retraite dont la personne est dépositaire. (retirement compensation arrangement) coopérative de crédit fédérale S’entend au sens de l’article 2 de la Loi sur les banques. (federal credit union) cotisation Est assimilée à la cotisation la nouvelle cotisation. (assessment) cotisation facultative Cotisation versée à un régime de pension agréé par un participant au régime et qui sert à assurer des prestations aux termes d’un régime disposant de cotisations déterminées, au sens du paragraphe 147.1(1), ou du régime, mais dont le versement n’est pas une condition générale de participation au régime. (additional voluntary contribution) life insurance capital dividend has the meaning assigned by subsection 83(2.1); (dividende en capital d’assurance-vie) limited-recourse amount means an amount that is a limited-recourse amount under section 143.2; (montant à recours limité) listed personal property has the meaning assigned by section 54; (biens meubles déterminés) low rate income pool has the meaning assigned by subsection 89(1); (compte de revenu à taux réduit) courtier en valeurs mobilières inscrit Personne inscrite ou titulaire d’un permis qui est autorisée par la législation provinciale à négocier des titres comme mandataire ou contrepartiste, sans aucune restriction quant à la nature ou au type de titres qu’elle négocie. (registered securities dealer) coût amorti S’agissant du coût amorti d’un prêt ou d’un titre de crédit à un moment donné pour un contribuable, l’excédent éventuel du total des montants suivants : a) dans le cas d’un prêt consenti par le contribuable, le total des avances quant au prêt effectuées au plus tard à ce moment; b) dans le cas d’un prêt ou d’un titre de crédit acquis par le contribuable, le coût du prêt ou du titre pour le contribuable; c) dans le cas d’un prêt ou d’un titre de crédit acquis par le contribuable, la partie de l’excédent éventuel du principal du prêt ou du titre au moment de son acquisition sur son coût pour le contribuable qui est incluse dans le calcul du revenu du contribuable pour une année d’imposition qui s’est terminée à ce moment ou antérieurement en raison de l’augmentation de la valeur du prêt ou du titre attribuable à la fluctuation de la valeur d’une monnaie étrangère par rapport au dollar canadien; d) dans le cas où le contribuable est un assureur, le montant, quant au prêt ou au titre de crédit, réputé, par l’effet de l’alinéa 142(3)a) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, dans sa version applicable à l’année d’imposition 1977, être un gain pour une année d’imposition se terminant au plus tard au moment donné; e) le total des montants dont chacun représente un montant, quant au prêt ou au titre de crédit, inclus en application de l’alinéa 12(1)i) dans le calcul du revenu du contribuable pour une année d’imposition se terminant au plus tard au moment donné; sur le total des montants suivants : f) la partie de l’excédent éventuel du coût du prêt ou du titre de crédit pour le contribuable sur le principal du prêt ou du titre au moment de son acquisition par le contribuable qui est déduite dans le calcul de son revenu pour une année d’imposition se terminant au plus tard au moment donné; (a) a base or precious metal deposit, (b) a coal deposit, (d) a mineral deposit in respect of which (iii) the principal mineral extracted is silica that is extracted from sandstone or quartzite; (matières minéralesressource minérale) minerals [Repealed, 1994, c. 21, s. 109] mining reclamation trust [Repealed, 1998, c. 19, s. 66] money purchase limit for a calendar year has the meaning assigned by subsection 147.1(1); (plafond des cotisations déterminées) mortgage investment corporation has the meaning assigned by subsection 130.1(6); (société de placement hypothécaire) f.1) le total des montants représentant chacun un montant relatif au prêt ou au titre de crédit qui a été déduit dans le calcul du revenu du contribuable pour une année d’imposition qui s’est terminée à ce moment ou antérieurement au titre de la variation de la valeur du prêt ou du titre attribuable à la fluctuation de la valeur d’une monnaie étrangère par rapport au dollar canadien; g) le total des montants que le contribuable a reçus plus tard à ce moment au titre du principal du prêt ou du titre de crédit; h) dans le cas où le contribuable est un assureur, le montant, quant au prêt ou au titre de crédit, réduit, par l’effet de l’alinéa 142(3)b) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, dans sa version applicable à l’année d’imposition 1977, de une perte pour une année d’imposition se terminant au plus tard au moment donné; i) le total des montants dont chacun représente un montant, quant au prêt ou au titre de crédit, déduit en application de l’alinéa 20(1)p) dans le calcul du revenu du contribuable pour une année d’imposition se terminant au plus tard au moment donné. (amortized cost) coût indiqué S’agissant du coût indiqué, pour un contribuable, de tout bien à un moment donné, sauf disposition contraire de la présente loi : a) lorsque le bien était un bien amortissable du contribuable, d’une catégorie prescrite, le montant qui correspondrait au produit de la multiplication de la fraction non amortie du coût en capital, pour le contribuable, de biens de cette catégorie à ce moment par le rapport entre le coût en capital du bien pour lui et le coût en capital, pour lui, de tous les biens de cette catégorie dont il n’avait pas disposé avant ce moment, s’il n’était pas tenu compte de l’alinéa 13(7)e) et si, à la i) l’alinéa 13(7)b) était remplacé par ce qui suit : « b) le contribuable ayant acquis un bien à une autre fin et qui commence, à un moment postérieur, à s’en servir ou à en tirer un revenu est réputé l’avoir acquis à ce moment postérieur à un coût en capital égal à la juste valeur marchande du bien à ce moment; » ii) le sous-alinéa 13(7)d)(i) était remplacé par ce qui suit : « (i) si l’usage qu’il fait habituellement du bien en vue de tirer un revenu a augmenté, le contribuable (a) a trolley bus, or (b) a vehicle designed or adapted to be operated exclusively on rails; (véhicule à moteur) mutual fund corporation has the meaning assigned by subsection 131(8); (société de placement à capital variable) exceeds (b) the total of (ii) the percentage deduction from tax provided under subsection 124(1) for the taxation year; (taux net d’imposition du revenu des sociétés) (b) that is a prescribed account; (compte de stabilisation du revenu net) est réputé avoir acquis, à ce moment, un bien amortissable de cette catégorie à un coût en capital égal au produit de la multiplication de la juste valeur marchande du bien à ce moment par le rapport entre l’augmentation de l’usage que le contribuable fait habituellement du bien à ces fins et l’usage total habituel de ce bien; » b) lorsque le bien était une immobilisation (autre qu’un bien amortissable) du contribuable, son prix de base rajusté, pour lui, à ce moment; c) lorsque le bien était un bien figurant à un inventaire du contribuable, sa valeur à ce moment, déterminée pour le calcul de son revenu;
c.1) lorsque le contribuable était une institution financière au cours de son année d’imposition qui comprend ce moment et que le bien était un bien de créance déterminé, sauf un bien évalué à la valeur du marché pour l’année, son coût pour lui; d) [Abrogé, 2016, ch. 12, art. 63]
d.1) lorsque le bien était un prêt ou un titre de créance, un compte de stabilisation du revenu net ou un bien visé respectivement aux alinéas b), c), c.1) ou d.2), son montant pour le contribuable à ce moment;
d.2) lorsque le bien était une institution financière au cours de son année d’imposition qui comprend ce moment et que le bien était un bien de créance déterminé, sauf un bien évalué à la valeur du marché pour l’année, son montant pour le contribuable à ce moment; e) lorsque le bien était un droit du contribuable de recevoir un montant, sauf le droit de recevoir un montant au titre d’un des biens suivants, le montant qu’il a le droit de recevoir : (i) une dette dont le montant a été déduit en application de l’alinéa 20(1)p) dans le calcul du revenu du contribuable pour une année d’imposition qui s’est terminée avant ce moment, (ii) un compte de stabilisation du revenu net, (iii) un droit auquel s’appliquent les alinéas b), c), c.1), d.1) ou d.2); (iv) un droit aux produits, au sens du paragraphe 18.1(1), auquel se rapporte une dépense à rattacher, au sens de ce paragraphe; e.1) lorsque le bien était une avance sur police (au sens du paragraphe 138(12)) d’un assureur, zéro; (b) that can reasonably be considered to be attributable to a program that allows the funds in the account to accumulate; (second fonds du compte de stabilisation du revenu net) non-resident means not resident in Canada; (non-résident) non-resident-owned investment corporation has the meaning assigned by subsection 133(8); (société de placement appartenant à des non-résidents) e.2) lorsque le bien était la participation d’un bénéficiaire dans une fiducie pour l’environnement admissible, zéro; f) dans tout autre cas, le coût, pour le contribuable, du bien déterminé pour le calcul de son revenu, sauf dans la mesure où un tel coût a été déduit dans le calcul de son revenu pour une année d’imposition se terminant avant ce moment. Pour l’application de la présente définition, bien évalué à la valeur du marché, institution financière et titre de créance déterminé s’entendent au sens du paragraphe 142.2(1) et montant de base s’entend au sens du paragraphe 142.4(1). (cost amount) crédit d’impôt à l’achat d’actions Relativement à un contribuable, pour une année d’imposition, s’entend au sens du paragraphe 127.2(6). (share-purchase tax credit) crédit d’impôt à l’investissement S’entend au sens du paragraphe 127(9). (investment tax credit) crédit d’impôt pour des activités de recherche scientifique et de développement expérimental Relativement à un contribuable, pour une année d’imposition, s’entend au sens du paragraphe 127.3(2). (scientific research and experimental development tax credit) date d’échéance de production Le jour où un contribuable est tenu de produire sa déclaration de revenu en vertu de la partie I pour une année d’imposition ou le jour où il serait tenu de la produire s’il avait un impôt à payer pour l’année en vertu de cette partie. (filing-due date) date d’échéance du solde En ce qui concerne une année d’imposition d’une société de personnes intermédiaire de placement déterminée, la date limite où elle est tenue de produire une déclaration pour l’année aux termes de l’article 229 du Règlement de l’impôt sur le revenu. (SIFT partnership balance-due day) date d’exigibilité du solde L’une des dates suivantes applicable à un contribuable pour une année d’imposition : a) si le contribuable est une fiducie : (i) dans le cas où le moment où l’année d’imposition se termine est déterminé en vertu de l’alinéa 249(4)a), celles des dates ci-après qui s’applique : (A) si ce moment survient au cours d’une année civile postérieure à la fin de l’année d’imposition under the authority of section 600 of the Bank Act, requiring an authorized foreign bank to provide to the Superintendent on a periodic basis a return of the bank’s risk-weighted on-balance sheet assets and off-balance sheet exposures, that apply as of August 8, 2000; (lignes directrices du BSIF sur la pondération des risques) Part VII refund has the meaning assigned by subsection 192(2); (remboursement de la partie VII) Part VIII refund has the meaning assigned by subsection 194(2); (remboursement de la partie VIII) (b) leased under a lease entered into, extended or renewed after June 17, 1987; (voiture de tourisme) past service pension adjustment of a taxpayer for a calendar year in respect of an employer has the meaning assigned by regulation; (facteur d’équivalence pour services passés) pension adjustment of a taxpayer for a calendar year in respect of an employer has the meaning assigned by regulation; (facteur d’équivalence) (a) the expenses of properties maintained by any person for the use or benefit of the taxpayer or any person connected with the taxpayer by blood relationship, donnée qui s’est terminée le 15 décembre de cette année civile en raison d’un choix fait en vertu de l’alinéa 132.11(1)a), la date d’exigibilité du solde applicable à la fiducie pour son année d’imposition donnée, (B) si la division (A) ne s’applique pas et que l’année d’imposition donnée de la fiducie qui commence immédiatement après ce moment se termine au cours de l’année civile qui comprend ce moment, la date d’exigibilité du solde de la fiducie pour l’année d’imposition donnée, (C) sinon, le 90e jour suivant la fin de l’année civile qui comprend ce moment, (iii) dans les autres cas, le 90e jour suivant la fin de l’année d’imposition; (ii) dans le cas où le contribuable est décédé après le 31 octobre de l’année et avant le 1er mai de l’année d’imposition suivante, le jour qui suit son décès de six mois; d) si le contribuable est une société : (i) le jour qui suit de trois mois le jour où l’année d’imposition (appelée « année courante » au présent sous-alinéa) prend fin, si, à la fois : (A) un montant a été déduit en application de l’article 125 dans le calcul de l’impôt payable par la société en vertu de la présente partie pour l’année courante ou pour son année d’imposition précédente, (B) la société est, tout au long de l’année courante, une société privée sous contrôle canadien, (C) selon le cas : (I) dans le cas d’une société qui n’est associée à aucune autre société au cours de l’année courante, son revenu imposable pour l’année d’imposition précédente, calculé avant la prise en compte des conséquences fiscales futures déterminées pour cette année, ne dépasse pas son plafond des affaires pour cette année-là, (II) dans le cas d’une société qui est associée à une ou plusieurs autres sociétés au cours de l’année courante, le total des revenus imposables de la société et de ces autres sociétés Income Tax PART XVII Interpretation
(i) the trust, or personal-use property has the meaning assigned by section 54; (biens à usage personnel) post-1971 spousal or common-law partner trust means a trust that would be described in paragraph 104(4)(a) if that paragraph were read without reference to subparagraph 104(4)(a)(iv); (fiducie au profit de l’époux ou du conjoint de fait postérieure à 1971) pour leur dernière année d’imposition s’étant terminée dans la dernière année civile ayant pris fin avant la fin de l’année courante, calculée avant la prise en compte des conséquences fiscales futures déterminées pour ces dernières années d’imposition, n’excède pas le total des plafonds des affaires de la société et de ces autres sociétés pour ces dernières années d’imposition, (ii) le jour qui suit de deux mois le jour où l’année d’imposition prend fin, dans les autres cas. (balance-due day) déductions inutilisées au titre des REER Relativement à un contribuable, à la fin d’une année d’imposition, s’entend au sens du paragraphe 146(1). (unused RRSP deduction room) dépense d’intérêts et de financement restreinte S’entend au sens du paragraphe 111(8). (restricted interest and financing expense) dépense en capital admissible [Abrogé, 2016, ch. 12, art. 63] dépenses d’intérêts et de financement S’entend au sens du paragraphe 18.2(1). (interest and financing expenses) désignation excessive de dividende déterminé S’entend au sens du paragraphe 89(1). (excessive eligible dividend designation) détenteur d’unité déterminé Est détenteur d’unité déterminé d’une entité — société de personnes ou fiducie — dont les participations sont définies par rapport à des unités et le contribuable qui serait un actionnaire déterminé de l’entité s’il était une société et si chaque unité de l’entité était une action d’une catégorie de la société comportant les mêmes droits et caractéristiques que l’unité. (specified unitholder) dette en monnaie étrangère S’entend au sens du paragraphe 111(8). (foreign currency debt) disposition Constitue notamment une disposition de bien, sauf indication contraire expresse : a) toute opération ou tout événement donnant droit au contribuable au produit de disposition d’un bien; b) toute opération ou tout événement par lequel, selon le cas : private corporation has the meaning assigned by subsection 89(1); (société privée) (i) une action, une obligation, une débenture, un billet, un certificat, une créance hypothécaire, une convention de vente ou un autre bien semblable, ou un intérêt ou, pour l’application du droit civil, un droit sur un tel bien, est en totalité ou en partie échangé, acquis ou annulé, (ii) une créance ou un autre droit de recevoir une somme est réglé ou annulé, (iii) une action est convertie par suite d’une fusion ou d’une unification, (iv) une option concernant l’acquisition ou la disposition d’un bien expire, (v) une fiducie, à l’égard de laquelle il est raisonnable de considérer qu’elle agit à titre de mandataire pour l’ensemble de ses bénéficiaires en toute matière liée à ses biens (sauf si elle est visée à l’un des alinéas a) à e.1) de la définition de fiducie au paragraphe 108(1)), cesse d’agir à ce titre pour l’un de ses bénéficiaires en toute matière liée à ses biens; b.1) s’agissant de la disposition d’un intérêt dans une police d’assurance-vie, une disposition au sens de l’article 148; c) tout transfert de bien à une fiducie ou tout transfert de bien d’une fiducie à un bénéficiaire de celle-ci, sauf disposition contraire aux alinéas f) ou k); d) si le bien est la participation d’un contribuable au capital d’une fiducie, ou une partie d’une telle participation, sauf disposition contraire aux alinéas h) et i), un paiement de la fiducie au contribuable avant 1999 qu’il est raisonnable de considérer comme ayant été effectué en raison de la participation du contribuable au capital de la fiducie; Ne constitue pas une disposition de bien : e) tout transfert de bien qui n’a pas pour effet de changer la propriété effective du bien, sauf si le transfert est effectué, selon le cas : (i) d’une personne ou d’une société de personnes à une fiducie au profit de la personne ou de la société de personnes, (ii) d’une fiducie à son bénéficiaire, (iii) d’une fiducie administrée au profit d’un ou de plusieurs de ses bénéficiaires à une autre fiducie administrée au profit des mêmes bénéficiaires; (a) a right of any kind whatever, a share or a chose in action, (c) a timber resource property, (d) the work in progress of a business that is a profession; and provincial SIFT tax factor [Repealed, 2008, c. 28, s. 34] public corporation has the meaning assigned by subsection 89(1); (société publique) f) tout transfert de bien qui n’a pas pour effet de changer la propriété effective du bien, dans le cas où, à la fois : (i) le cédant et le cessionnaire sont des fiducies qui résident au Canada au moment du transfert, (ii) [Abrogé, 2013, ch. 34, art. 358] (iii) le cessionnaire ne reçoit pas le bien en règlement de son droit à titre de bénéficiaire de la fiducie cédante, (iv) le cessionnaire ne détenait aucun bien immédiatement avant le transfert (sauf des biens dont le coût n’est pas inclus, pour l’application de la présente loi, dans le calcul d’un solde de dépenses ou d’autres montants non déduits à l’égard du cessionnaire), (v) le cessionnaire ne choisit pas de se soustraire à l’application du présent alinéa dans un document présenté au ministre au plus tard à la date d’échéance de production qui lui est applicable pour son année d’imposition où le transfert est effectué (ou à toute date postérieure que le ministre estime acceptable), (vi) si le cédant est une fiducie au profit d’un athlète amateur, une fiducie pour l’entretien d’un cimetière, une fiducie d’employés, une fiducie réputée tel par le paragraphe 143(1) existe à l’égard d’une congrégation qui est une partie constituante d’un organisme religieux, une fiducie créée à l’égard du fonds réservé (au sens de l’article 138.1 au présent alinéa), une fiducie visée à l’alinéa 149(1)o.4) ou une fiducie régie par une loi sur les services funéraires, un régime de participation des employés aux bénéfices, un compte d’épargne libre d’impôt pour l’achat d’une première propriété, un régime enregistré d’épargne-invalidité, un régime enregistré d’épargne-études, un régime enregistré de prestations supplémentaires de chômage ou un compte d’épargne libre d’impôt, le cessionnaire est une fiducie de même type, (vii) en raison du transfert ou d’une série d’opérations ou d’événements dont le transfert fait partie, le cédant cesse de résider, immédiatement avant le transfert ou le début de cette série, selon le cas, le cessionnaire n’avait jamais détenu de biens ou n’avait détenu que des biens d’une valeur nominale; g) [Abrogé, 2005, ch. 30, art. 17] h) si le bien est une partie de la participation d’un contribuable au capital d’une fiducie (sauf une fiducie (iii) in the case of a trust, personnelle ou une fiducie visée par règlement pour l’application du paragraphe 107(2)) qui est définie par rapport aux unités émises par la fiducie, un paiement provenant de la fiducie après 1999 au titre de la participation au capital, pourvu que le nombre d’unités de la fiducie appartenant au contribuable ne soit pas réduit en raison du paiement; i) si le bien est la participation d’un contribuable au capital d’une fiducie, un paiement effectué au contribuable après 1999 au titre de la participation, dans la mesure où, selon le cas : (i) il est effectué sur le revenu de la fiducie (déterminé compte non tenu du paragraphe 104(6)) pour une année d’imposition ou sur les gains en capital de la fiducie pour l’année, si le paiement a été effectué, ou le droit au paiement, acquis par le contribuable, au cours de l’année, (ii) il se rapporte à un montant attribué au contribuable par la fiducie en application du paragraphe 104(20); j) tout transfert de bien effectué dans le seul but de garantir le remboursement d’une dette ou d’un emprunt, ou tout transfert effectué par un créancier dans le seul but de restituer des biens qui avaient servi à garantir le remboursement d’une dette ou d’un emprunt; k) tout transfert de bien effectué au profit d’une fiducie, qui n’a pas pour effet de changer la propriété effective du bien, si le transfert a pour principal objet : (i) soit d’effectuer un paiement au titre d’une dette ou d’un prêt, (ii) soit de donner l’assurance du règlement d’une obligation absolue ou conditionnelle du cédant, (iii) soit de faciliter le versement d’un dédommagement ou l’exécution d’une pénalité, dans l’éventualité où une obligation absolue ou conditionnelle du cédant n’est pas remplie; l) l’émission d’une obligation, d’un billet, d’un certificat ou d’une créance hypothécaire; m) l’émission, par une société, d’une action de son capital-actions ou toute autre opération qui, si ce n’était le présent alinéa, constituerait une disposition, par une société, d’une action de son capital-actions; n) le rachat, l’acquisition ou l’annulation d’une action du capital-actions d’une société (appelée « société émettrice » au présent alinéa), ou du droit d’acquérir une telle action, (l’action ou le droit étant appelé Income Tax PART XVI Interpretation
(C) [Repealed, 2021, c. 23, s. 61] « titre » au présent alinéa) détenu par une autre société (appelée « société cédante » au présent alinéa) dans le cas où, à la fois : (i) le rachat, l’acquisition ou l’annulation se produit dans le cadre de l’unification ou de la combinaison de plusieurs sociétés, dont la société émettrice et la société cédante, en une nouvelle société, (ii) l’unification ou la combinaison, selon le cas : (A) est une fusion, au sens du paragraphe 87(1), à laquelle le paragraphe 87(11) ne s’applique pas, (B) est une fusion, au sens du paragraphe 87(1), à laquelle le paragraphe 87(11) s’applique, si la société émettrice et la société cédante représentent respectivement la société mère et la filiale visées au paragraphe 87(11), (C) est une fusion étrangère, au sens du paragraphe 87(8.1), (D) est une fusion étrangère, au sens du paragraphe 87(8.1), s’il n’était pas tenu compte du passage « résidant dans un pays étranger » au sous-alinéa 87(8.1)c)(ii), (iii) selon le cas : (A) la société cédante ne reçoit aucune contrepartie pour le titre, (B) s’il s’agit d’une unification ou d’une combinaison visée aux divisions (ii)(C) ou (D), la société cédante ne reçoit en contrepartie du titre que des biens qui appartenaient à la société émettrice immédiatement avant l’unification ou la combinaison et qui deviennent des biens de la nouvelle société au moment de l’unification ou de la combinaison. (disposition) dividende Sont compris parmi les dividendes les dividendes en actions, sauf s’ils sont versés à une société ou à une fiducie de fonds commun de placement par une société non-résidente. (dividend) dividende déterminé S’entend au sens du paragraphe 89(1). (eligible dividend) dividende en actions Sont compris parmi les dividendes en actions les dividendes (déterminés comme tel en fonction de la définition de dividende au présent paragraphe) versés par une société, dans la mesure où ils sont versés par l’émission d’actions d’une catégorie de capital-actions de la société. (stock dividend) qualifying environmental trust has the meaning assigned by subsection 211.6(1); (fiducie pour l’environnement admissible) dividende en capital S’entend au sens de l’article 83. (capital dividend) dividende en capital d’assurance-vie S’entend au sens du paragraphe 83(2.1). (life insurance capital dividend) dividende imposable S’entend au sens du paragraphe 89(1). (taxable dividend) donataire reconnu S’entend au sens du paragraphe 149.1(1). (qualified donee) droit d’émissions Droit ou instrument semblable qui représente une unité d’émissions qui peut servir à remplir une obligation sous le régime d’une loi fédérale ou provinciale qui régit les émissions de substances réglementées, telles les émissions de gaz à effet de serre. (emissions allowance) EIPD convertible Fiducie ou société de personnes qui est, au cours de la période ayant commencé le 31 octobre 2006 et se terminant le 14 juillet 2008 : a) soit une fiducie intermédiaire de placement déterminée, compte non tenu du paragraphe 122.1(2); b) soit une société de personnes intermédiaire de placement déterminée, compte non tenu du paragraphe 197(8); c) soit une fiducie de placement immobilier, au sens du paragraphe 122.1(1). (SIFT wind-up entity) emploi Poste qu’occupe un particulier, au titre d’une autre personne (y compris Sa Majesté ou un État ou souverain étrangers); préposé ou employé s’entend de la personne occupant un tel poste. (employment) employé Sont compris parmi les employés les cadres ou fonctionnaires. (employee) employé (être) Qui accomplit les fonctions que comporte une charge ou un emploi. (employed) employé déterminé S’agissant de l’employé déterminé d’une personne, l’employé de la personne qui est un actionnaire déterminé de celle-ci ou qui a un lien de dépendance avec celle-ci. (specified employee) employeur Dans le cas du cadre ou fonctionnaire, la personne de qui celui-ci reçoit sa rémunération. (employer) entente d’échelonnement du traitement Relativement à un contribuable, régime ou mécanisme, qu’il y ait ou non des fonds réservés à cette fin, qui donne à une refundable Part VII tax on hand has the meaning assigned by subsection 192(3); (impôt de la partie VII en main remboursable) refundable Part VIII tax on hand has the meaning assigned by subsection 194(3); (impôt de la partie VIII en main remboursable) registered disability savings plan or RDSP has the same meaning as in subsection 146.4(1); (régime enregistré d’épargne-invalidité ou REEI) registered education savings plan or RESP has the same meaning as in subsection 146.1(1); (régime enregistré d’épargne-études ou REEE) personne, au cours d’une année d’imposition, le droit de recevoir un montant après l’année, droit dont il est raisonnable de considérer que l’existence ou la création a, entre autres principaux objets, celui de reporter l’impôt payable en vertu de la présente loi par le contribuable sur un montant lui revenant au titre d’un salaire ou traitement pour des services qu’il a rendus au cours de l’année ou d’une année d’imposition antérieure — y compris un droit assujetti à une ou plusieurs conditions sauf s’il y a une forte probabilité qu’une de ces conditions ne sera pas remplie; ne sont pas des ententes d’échelonnement du traitement : a) les régimes de pension agréés; a.1) les régimes de pension agréés collectifs; b) les régimes d’assurance invalidité ou de sécurité du revenu prévus dans une police d’une compagnie d’assurance; c) les régimes de participation différée aux bénéfices; d) les régimes de participation des employés aux bénéfices; e) les fiducies d’employés; e.1) les fiducies de soins de santé au bénéfice d’employés; f) les régimes collectifs d’assurance-maladie ou d’assurance contre les accidents; g) les régimes de prestations supplémentaires d’assurance-chômage; h) les fiducies, visées à l’alinéa 149(1)y), pour indemnités de vacances ou de congés; i) les régimes ou mécanismes dont le seul but est d’enseigner à des employés d’un employeur un enseignement ou une formation qui vise à améliorer leur compétence au travail ou leurs connaissances en rapport avec ce travail; j) les régimes ou mécanismes établis dans le but de différer le traitement ou salaire de sportifs professionnels pour les services qu’ils rendent en cette qualité au sein d’un club appartenant à une ligue qui organise des parties régulièrement programmées; k) les régimes ou mécanismes en vertu desquels des contribuables ont le droit de recevoir un traitement ou un paiement analogue, payable dans les trois ans suivant la fin d’une année d’imposition, pour des services qu’ils ont rendus au cours de cette année; registration has not been revoked; (organisation journalistique enregistrée) registered labour-sponsored venture capital corporation means a corporation that was registered under subsection 204.81(1), the registration of which has not been revoked; (société agréée à capital de risque de travailleurs) registered retirement income fund or RRIF have the same meaning as registered retirement income fund in subsection 146.3(1); (fonds enregistré de revenu de retraite ou FERR) registered retirement savings plan or RRSP have the same meaning as registered retirement savings plan in subsection 146(1); (régime enregistré d’épargne-retraite ou REER) registered supplementary unemployment benefit plan has the meaning assigned by subsection 145(1); (régime enregistré de prestations supplémentaires de chômage) 1/(A − B) where l) les régimes ou mécanismes visés par règlement. (salary deferral arrangement) entreprise Sont compris parmi les entreprises les professions, métiers, commerces, industries ou activités de quelque genre que ce soit et, sauf pour l’application de l’alinéa 18(2)c), de l’article 54.2, du paragraphe 95(1) et de l’alinéa 110.6(14)f), les projets comportant un risque ou les affaires de caractère commercial, à l’exclusion toutefois d’une charge ou d’un emploi. (business) entreprise admissible S’entend, à un moment donné, d’une société contrôlée par une fiducie qui remplit les conditions suivantes : a) elle est une société privée sous contrôle canadien; b) au plus 40 % de ses administrateurs sont composés de personnes qui, immédiatement avant le moment où la fiducie en a acquis le contrôle, détenaient, directement ou indirectement, au moins 50 % de la juste valeur marchande des actions en circulation de son capital-actions ou de ses dettes. (qualifying business) entreprise bancaire canadienne Entreprise exploitée par une banque étrangère autorisée par l’entreprise d’un établissement stable, au sens du Règlement de l’impôt sur le revenu, au Canada, à l’exception d’une entreprise dirigée par l’intermédiaire d’un bureau de représentation immatriculé en vertu de l’article 509 de la Loi sur les banques, ou devant l’être. (Canadian banking business) entreprise d’assurance-vie Sont assimilés à une entreprise d’assurance-vie : a) un commerce de rentes; b) un commerce dont l’objet est l’émission de contrats à l’égard desquels des éléments de l’actif ou pour ces derniers varient, en totalité ou en partie, selon la valeur marchande d’un groupe donné d’éléments d’actif, lorsque ces commerces sont exploités par une compagnie d’assurance-vie ou un assureur sur la vie. (life insurance business) A and B is the percentage that is the corporation’s general rate reduction percentage (as defined by section 123.4) for the taxation year; (facteur de référence) (a) a bank, (d) an insurance corporation, restricted interest and financing expense has the same meaning as in subsection 111(8); (dépense d’intérêts et de financement restreinte) (a) a registered pension plan, entreprise de placement déterminé S’entend au sens du paragraphe 125(7). (specified investment business) entreprise de prestation de services personnels S’entend au sens du paragraphe 125(7). (personal services business) entreprise exploitée activement Relativement à toute entreprise exploitée par un contribuable résidant au Canada, toute entreprise exploitée par le contribuable autre qu’une entreprise de placement déterminée ou une entreprise de prestation de services personnels. (active business) entreprise protégée par traité À un moment donné, entreprise relativement à laquelle le revenu d’un contribuable pour une période comptable est exonéré, par l’effet d’un traité fiscal, de l’impôt prévu à la partie I. (treaty-protected business) établissement domestique autonome Habitation, appartement ou autre logement de ce genre dans lequel, en règle générale, une personne rend ses repas et couche. (self-contained domestic establishment) exercice [Abrogée, 1996, ch. 21, art. 60] facteur d’équivalence S’agissant du facteur d’équivalence d’un contribuable pour une année civile quant à un employeur, s’entend au sens du règlement. (pension adjustment) facteur d’équivalence pour services passés S’agissant du facteur d’équivalence pour services passés d’un contribuable pour une année civile quant à un employeur, s’entend au sens du règlement. (past service pension adjustment) facteur d’équivalence rectifié total Quant à un contribuable pour une année civile, s’entend au sens du Règlement de l’impôt sur le revenu. (total pension adjustment reversal) facteur de référence a) Pour les années d’imposition se terminant avant 2010, 3; b) pour les années d’imposition se terminant après 2009, la somme obtenue par la formule suivante : 1/(A – B) où : A représente le pourcentage prévu à l’alinéa 123(1)a), (a.1) a pooled registered pension plan, (d) an employees profit sharing plan, (e) a registered retirement savings plan, (f) an employee trust, (f.1) an employee life and health trust, (g) a group sickness or accident insurance plan, (h) a supplementary unemployment benefit plan, (m) an insurance policy, or (n) a prescribed plan or arrangement, B le pourcentage qui correspond au pourcentage de réduction du taux général, au sens de l’article 123.4, pour l’année d’imposition. (relevant factor) facteur fiscal provincial [Abrogé, 2008, ch. 28, art. 34] failll S’entend au sens de la Loi sur la faillite et l’insolvabilité. (bankrupt) fait lié à la conversion d’une EIPD-fiducie Distribution de biens, effectuée au profit d’un contribuable par une fiducie donnée résidant au Canada, à l’égard de laquelle les conditions suivantes sont remplies : a) la distribution est effectuée avant 2013; b) elle donne lieu à la disposition de la participation du contribuable à titre de bénéficiaire de la fiducie donnée; c) la fiducie donnée est, selon le cas : (i) une EIPD convertible, (ii) une fiducie dont le seul bénéficiaire tout au long de la période admissible est une autre fiducie qui, tout au long de la période admissible, est à la fois : (A) un résident du Canada, (B) une EIPD convertible ou une fiducie visée au présent sous-alinéa, (iii) une fiducie dont le seul bénéficiaire tout au long de la période admissible est une autre fiducie qui, tout au long de la période admissible, est à la fois : (A) un résident du Canada, (B) une EIPD convertible ou une fiducie visée au sous-alinéa (ii), (C) un bénéficiaire détenant une participation majoritaire (au sens de l’article 251.1 à supposer que la mention « 50 % », à la définition de bénéficiaire détenant une participation majoritaire au paragraphe 251.1(3), soit remplacée par 25 %) de la fiducie donnée; d) la fiducie donnée cesse d’exister immédiatement après la distribution ou immédiatement après la dernière d’une série de faits liés à la conversion d’une EIPD-fiducie (déterminés compte non tenu du présent RRSP deduction limit has the meaning assigned by subsection 146(1); (maximum déductible au titre des REER) (a) a registered pension plan, (a.1) a pooled registered pension plan, alinéa) de la fiducie donnée qui comprend la distribution; e) les biens n’ont pas été acquis par la fiducie donnée par suite : (i) d’un transfert ou d’un échange qui, à la fois : (A) est un échange admissible, au sens du paragraphe 132.2(1), ou une disposition admissible, au sens du paragraphe 107.4(1), (B) est effectué après le 2 février 2009, (C) provient d’une personne autre qu’une EIPD convertible, (ii) du transfert ou de l’échange, auquel l’un des articles 51, 85, 85.1, 86, 87, 88, 107.4 ou 132.2 s’applique, d’un autre bien acquis par suite d’un transfert ou d’un échange visé au sous-alinéa (i) ou au présent sous-alinéa. (SIFT trust wind-up event) fiducie S’entend au sens du paragraphe 104(1) et, sauf indication contraire du contexte, comprend une succession. (trust) fiducie au profit de l’époux ou du conjoint de fait postérieure à 1971 Fiducie à laquelle l’alinéa 104(4a) s’appliquerait si n’était pas tenu compte, au sous-alinéa 104(4a)(ii.1), du passage « soit une fiducie établie après que le contribuable a atteint l’âge de 65 ans et dans le cadre de laquelle, selon le cas : A) ou B) ou C). (post-1971 spousal or common-law partner trust) fiducie au profit d’un athlète amateur S’entend au sens du paragraphe 143.1(1.2). (amateur athlete trust) fiducie collective des employés S’entend d’une fiducie irrévocable qui, à tout moment considéré, remplit les conditions suivantes : a) elle réside au Canada (la résidence étant déterminée compte non tenu du paragraphe 94(3)); b) elle est exclusivement au profit des personnes dont chacune, à la fois : (i) est soit : (A) un employé d’une ou de plusieurs entreprises admissibles contrôlées par la fiducie (sauf un employé qui n’a pas complété une période probatoire applicable laquelle ne peut se prolonger au-delà de douze mois), (d) an employees profit sharing plan, (e) an employee trust, (f) a group sickness or accident insurance plan, (g) a supplementary unemployment benefit plan, (l) a prescribed plan or arrangement; (entente d’échelonnement du traitement) (B) si la fiducie le permet, une personne (ou la succession d’une personne) qui est un ancien employé (autre qu’un ancien employé qui n’a pas complété une période probatoire applicable pouvant atteindre douze mois pendant son emploi) d’une ou de plusieurs entreprises admissibles contrôlées par la fiducie et qui était un employé de l’entreprise admissible pendant que la fiducie contrôlait celle-ci, (ii) ne détient pas, directement ou indirectement (autre que par l’entremise d’une participation dans la fiducie), des actions d’une catégorie du capital-actions d’une entreprise admissible contrôlée par la fiducie, dont la valeur est égale ou supérieure à 10 % de la juste valeur marchande de la catégorie, (iii) ne détient pas, directement ou indirectement, seul ou avec une personne ou société de personnes liée ou affiliée, des actions d’une catégorie du capital-actions d’une entreprise admissible contrôlée par la fiducie, dont la valeur est égale ou supérieure à 50 % de la juste valeur marchande des actions du capital-actions et des dettes de l’entreprise admissible, (iv) immédiatement avant le moment d’un transfert admissible d’entreprise à la fiducie, ne détient pas, directement ou indirectement, seul ou avec une personne ou société de personnes liée ou affiliée, des actions d’une catégorie du capital-actions de l’entreprise admissible contrôlée par la fiducie ou supérieure à 50 % de la juste valeur marchande des actions du capital-actions et des dettes de l’entreprise admissible, (v) n’est pas un particulier qui a réclamé, ou qui est lié à un particulier qui a réclamé, une déduction en vertu du paragraphe 110.6(2) relativement à une entreprise admissible contrôlée par la fiducie; c) la participation au capital et au revenu de chaque bénéficiaire visée aux divisions b)(i)(A) ou (B) est déterminée de la même manière que pour les autres bénéficiaires visés à ces divisions, selon les cas, uniquement en fonction d’une combinaison des critères suivants : (i) le total des heures travaillées par le bénéficiaire pour l’entreprise admissible pour une période donnée, (ii) le total du traitement, du salaire ou de toute autre rémunération versée ou payable au bénéficiaire par l’entreprise admissible pour une période donnée, ne dépassant pas, pour les fins de la période donnée, deux fois la première somme visée à l’alinéa 117(2)e), ajustée par l’article 117.1. (h) prospecting, exploring or drilling for, or producing, minerals, petroleum or natural gas, (j) style changes, or (k) routine data collection; (activités de recherche scientifique et de développement expérimental) scientific research and experimental development financing contract has the meaning assigned by subsection 194(6); (contrat de financement pour des activités de recherche scientifique et de développement expérimental) scientific research and experimental development tax credit of a taxpayer for a taxation year has the meaning assigned by subsection 127.3(2); (crédit d’impôt pour des activités de recherche scientifique et de développement expérimental) securities lending arrangement has the meaning assigned by subsection 260(1); (mécanisme de prêt de valeurs mobilières) pour l’année (calculée au prorata en fonction du nombre de jours de l’année civile de la période donnée), (iii) la période de service d’emploi totale que le bénéficiaire a offert à l’entreprise admissible depuis un moment donné; d) il est interdit aux fiduciaires d’exercer leur pouvoir discrétionnaire afin d’agir dans l’intérêt d’un bénéficiaire (ou d’un groupe de bénéficiaires) au détriment d’un autre bénéficiaire (ou d’un groupe de bénéficiaires); e) chaque fiduciaire de la fiducie est soit une société résidant au Canada qui est autorisée, par permis ou autrement, en vertu des lois fédérales ou provinciales, à exploiter au Canada une entreprise d’offre au public de services de fiduciaire ou un particulier (sauf une fiducie); f) chaque fiduciaire de la fiducie a le même droit de vote dans la conduite des affaires de la fiducie; g) au moins le tiers des fiduciaires sont des bénéficiaires visés à la division b)(i)(A); h) si un fiduciaire est nommé (autrement que par élection au cours des cinq dernières années par les fiduciaires visés à la division b)(i)(A)), au moins 60 % de tous les fiduciaires sont des personnes qui n’ont pas de lien de dépendance les unes avec chacune des personnes qui auraient, directement ou indirectement et de quelque manière que ce soit, dans le cadre d’une opération, d’un événement ou d’une série d’opérations ou d’événements, vendu des actions d’une entreprise admissible à la fiducie (ou à toute personne ou société de personnes qui est affiliée à la fiducie) avant l’acquisition par la fiducie du contrôle de l’entreprise admissible; i) plus de la moitié des bénéficiaires de la fiducie visés à la division b)(i)(A) doivent approuver chacune des opérations ou des événements suivants avant qu’ils ne surviennent : (i) une opération ou un événement, ou une série d’opérations ou d’événements, par suite de laquelle au moins 25 % des bénéficiaires perdent leur statut de bénéficiaire en vertu de la division b)(i)(A) (sauf si le changement de statut est relativement à un licenciement motivé), (ii) la liquidation, la fusion ou l’unification d’une entreprise admissible (sauf dans le cadre d’une opération, d’un événement ou d’une série d’opérations ou d’événements qui ne vise que des personnes ou share-purchase tax credit of a taxpayer for a taxation year has the meaning assigned by subsection 127.2(6); (crédit d’impôt à l’achat d’actions) sociétés de personnes qui sont affiliées à l’entreprise admissible); j) la totalité, ou presque, de la juste valeur marchande des biens de la fiducie est attribuable à des actions du capital-actions d’une ou de plusieurs entreprises admissibles que la fiducie contrôle. (employee ownership trust) fiducie de fonds commun de placement S’entend au sens du paragraphe 132(6). (mutual fund trust) fiducie de fonds commun de placement déterminée S’entend, à un moment donné, d’une fiducie de fonds commun de placement, sauf une fiducie de fonds commun de placement à l’égard de laquelle il est raisonnable de considérer, compte tenu des circonstances, y compris des caractéristiques de ses unités, que le total des sommes représentant chacune la juste valeur marchande, à ce moment, d’une unité émise par la fiducie et détenue par une personne qui, par l’effet de l’article 149, est exonérée de l’impôt correspond à la totalité ou la presque totalité du total des sommes représentant chacune la juste valeur marchande, à ce moment, d’une unité émise par la fiducie. (specified mutual fund trust) fiducie d’employés Arrangement (autre qu’une fiducie collective des employés, un régime de participation des employés aux bénéfices, un régime de participation différée aux bénéfices ou un régime appelé « régime dont l’agrément est retiré » au paragraphe 147(15)) constitué après 1979 et remplissant les conditions suivantes : a) des paiements sont faits par un ou plusieurs employeurs à un fiduciaire d’une fiducie constituée seules fins de verser à des employés ou anciens employés : (i) de l’employeur, (ii) d’une personne avec laquelle l’employeur a un lien de dépendance, des prestations auxquelles le droit est dévolu au moment du paiement et dont le montant ne dépend pas du poste, du rendement ou de la rétribution du particulier à titre d’employé; b) le fiduciaire a, depuis le début de l’arrangement, attribué, chaque année, à des particuliers qui sont des bénéficiaires du régime, d’une manière raisonnable, l’éventuel excédent du total des sommes dont chacune représente : (i) un montant reçu au cours de l’année par le fiduciaire en vertu d’un arrangement et provenant d’un (ii) le montant qui, compte non tenu du paragraphe 104(6), serait le revenu de la fiducie pour l’année (autre qu’un gain en capital imposable tiré de la disposition de biens) tiré d’un bien ou d’une autre source, autre qu’une entreprise, (iii) un gain en capital de la fiducie pour l’année tiré de la disposition de biens, sur le total des sommes dont chacune représente : (iv) la perte de la fiducie pour l’année (autre qu’une perte en capital déductible subie lors de la disposition de biens) au titre d’un bien ou d’une autre source, autre qu’une entreprise, (v) une perte en capital de la fiducie pour l’année subie lors de la disposition de biens; c) le fiduciaire a choisi de désigner l’arrangement comme une fiducie d’employés dans sa déclaration de revenu produite dans les 90 jours suivant la fin de sa première année d’imposition. (employee trust) fiducie de restauration minière [Abrogée, 1998, ch. 19, art. 66] fiducie de soins de santé au bénéfice d’employés S’entend au sens du paragraphe 144.1(2). (employee life and health trust) fiducie d’investissement à participation unitaire S’entend au sens du paragraphe 108(2). (unit trust) fiducie en faveur de soi-même Fiducie à laquelle l’alinéa 104(4)a) s’appliquerait s’il n’était pas tenu compte des divisions 104(4)a)(i)(A) et (B) ni des divisions 104(4)a)(ii)(B) et (C). (alter ego trust) fiducie intermédiaire de placement déterminée S’entend au sens de l’article 122.1. (SIFT trust) fiducie mixte au profit de l’époux ou du conjoint de fait Fiducie à laquelle l’alinéa 104(4)a) s’appliquerait s’il n’était pas tenu compte des divisions 104(4)a)(i)(A) et (B) ni de la division 104(4)a)(ii)(A). (joint spousal or common-law partner trust) fiducie non testamentaire S’entend au sens du paragraphe 108(1). (inter vivos trust) fiducie personnelle Fiducie (à l’exclusion d’une fiducie qui est, ou a été après 1999, une fiducie d’investissement à participation unitaire) qui est, selon le cas : Income Tax PART XVII Interpretation
a) une succession assujettie à l’imposition à taux progressifs; b) une fiducie dans laquelle aucun droit de bénéficiaire n’est acquis pour une contrepartie à payer directement ou indirectement : (i) soit à la fiducie, (ii) soit à une personne ou une société de personnes qui effectue un apport à la fiducie sous forme de transfert, cession ou autre disposition de biens. (personal trust) fiducie pour l’entretien d’un cimetière S’entend au sens du paragraphe 148.1(1). (cemetery care trust) fiducie pour l’environnement admissible S’entend au sens du paragraphe 211.6(1). (qualifying environmental trust) fiducie testamentaire S’entend au sens du paragraphe 108(1). (testamentary trust) filiale à cent pour cent Société dont tout le capital-actions (sauf les actions conférant l’admissibilité aux postes d’administrateurs) appartient à la société et dont elle est la filiale. (subsidiary wholly-owned corporation) filiale contrôlée Société dont plus de 50 % du capital-actions (ayant plein droit de vote en toutes circonstances) appartient à la société dont elle est la filiale. (subsidiary controlled corporation) fondation privée S’entend au sens de l’article 149.1. (private foundation) fondation publique S’entend au sens de l’article 149.1. (public foundation) fonds de revenu de retraite S’entend au sens du paragraphe 146.3(1). (retirement income fund) fonds enregistré de revenu de retraite ou FERR S’entend au sens de fonds enregistré de revenu de retraite au paragraphe 146.3(1). (registered retirement income fund or RRIF) fournisseur de rentes autorisé S’entend au sens du paragraphe 147(1). (licensed annuities provider) fraction non amortie du coût en capital S’agissant de la fraction non amortie du coût en capital, pour un contribuable, d’un bien amortissable d’une catégorie prescrite, s’entend au sens du paragraphe 13(21). (undepreciated capital cost) Income Tax PART XVII Interpretation
frais à l’égard de biens canadiens relatifs au pétrole et au gaz S’entend au sens du paragraphe 66.4(5). (Canadian oil and gas property expense) frais d’aménagement au Canada S’entend au sens du paragraphe 66.2(5). (Canadian development expense) frais d’exploration au Canada S’entend au sens du paragraphe 66.1(6). (Canadian exploration expense) frais d’exploration et d’aménagement à l’étranger S’entend au sens du paragraphe 66(15). (foreign exploration and development expenses) frais d’exploration et d’aménagement au Canada S’entend au sens du paragraphe 66(15). (Canadian exploration and development expenses) frais globaux relatifs à des ressources à l’étranger Les frais relatifs à des ressources à l’étranger d’un contribuable se rapportant à tous les pays et ses frais d’exploration et d’aménagement à l’étranger. (foreign resource pool expenses) frais personnels ou de subsistance Sont compris parmi les frais personnels ou de subsistance : a) les dépenses inhérentes aux biens entretenus par toute personne pour l’usage ou l’avantage du contribuable ou de toute personne unie à ce dernier par les liens du sang, du mariage, de l’union de fait ou de l’adoption, en notant que le coût ou l’espoir raisonnable de tirer un profit de l’exploitation d’une entreprise; b) les dépenses, primes ou autres frais afférents à une police d’assurance, un contrat de rente ou à d’autres contrats de ce genre, si le produit de la police ou du contrat est payable au contribuable ou à une personne unie à lui par les liens du sang, du mariage, de l’union de fait ou de l’adoption, ou au profit du contribuable ou de cette personne; c) les dépenses inhérentes aux biens entretenus par une succession ou une fiducie au profit du contribuable à titre de bénéficiaire. (personal or living expenses) frais relatifs à des ressources à l’étranger S’entend au sens du paragraphe 66.21(1). (foreign resource expense) gain en capital S’agissant du gain en capital, pour une année d’imposition, tiré de la disposition d’un bien quelconque, s’entend au sens de l’article 39. (capital gain) gain en capital imposable S’entend au sens de l’article 38. (taxable capital gain) gain net imposable S’agissant du gain net imposable tiré de la disposition de biens meubles déterminés, s’entend au sens de l’article 41. (taxable net gain) immobilisation S’entend au sens de l’article 54. (capital property) immobilisation admissible [Abrogée, 2016, ch. 12, art. 63] impôt de la partie VII en main remboursable S’entend au sens du paragraphe 192(3). (refundable Part VII tax on hand) impôt de la partie VIII en main remboursable S’entend au sens du paragraphe 194(3). (refundable Part VIII tax on hand) institution financière déterminée Sont des institutions financières déterminées à un moment donné : a) les banques; b) les sociétés autorisées par licence ou autrement, en vertu de la législation fédérale ou provinciale, à exploiter au Canada une entreprise d’offre au public de services de fiduciaire; c) les caisses de crédit; d) les compagnies d’assurance; e) les sociétés dont l’activité d’entreprise principale consiste à prêter de l’argent à des personnes avec lesquelles elles n’ont aucun lien de dépendance ou à acheter des titres de créance émis par ces personnes ou à faire les deux; e.1) les sociétés visées à l’alinéa g) de la définition de institution financière au paragraphe 181(1); f) les sociétés contrôlées par une ou plusieurs sociétés visées à l’un des alinéas a) à e.1); pour l’application du présent alinéa, une société est contrôlée par une autre si plus de 50 % des actions émises de son capital-actions comportant plein droit de vote en toutes circonstances appartiennent à l’autre société, à des personnes avec lesquelles celle-ci a un lien de dépendance ou à la fois à l’autre société et à des personnes avec lesquelles celle-ci a un lien de dépendance; g) les sociétés liées à une société donnée visée à l’un des alinéas a) à f) à l’exception d’une société donnée (j) specified person has the meaning assigned by paragraph (h) of the definition taxable preferred share in this subsection; (action privilégiée à court terme) SIFT partnership has the meaning assigned by section 197; (société de personnes intermédiaire de placement déterminée) SIFT trust has the meaning assigned by section 122.1; (fiducie intermédiaire de placement déterminée) (i) a SIFT wind-up entity, visée aux alinéas e) ou e.1) qui a pour activité d’entreprise principale l’affacturage de comptes clients qui, à la fois : (i) ont été acquis par la société donnée d’une personne liée, (ii) découlent de l’exploitation d’une entreprise exploitée activement par une personne (appelée « entité » au présent alinéa) qui est liée à la société donnée à ce moment, (iii) n’ont pas été détenus avant ce moment par une personne autre qu’une personne liée à l’entité. (specified financial institution) institution financière véritable a) Banque; b) société titulaire de licence ou par ailleurs autorisée par la législation fédérale ou provinciale à exploiter au Canada une entreprise d’offre au public de services de fiduciaire; c) caisse de crédit; d) compagnie d’assurance; e) société dont l’activité d’entreprise principale consiste à prêter de l’argent à des personnes avec lesquelles elle n’a aucun lien de dépendance ou à acheter des titres de créance émis par ces personnes ou à faire les deux; f) société visée à l’alinéa g) de la définition de institution financière au paragraphe 181(1); g) société contrôlée par une ou plusieurs sociétés visées à l’un des alinéas a) à e.1). (restricted financial institution) intérêt dans une EIPD convertible a) Dans le cas d’une EIPD convertible qui est une fiducie, toute participation au capital de la fiducie (déterminée compte tenu du paragraphe (25)); b) dans le cas d’une EIPD convertible qui est une société de personnes, toute participation à la société de personnes si la responsabilité de l’associé à ce titre est limitée par la loi qui régit le contrat de société. Toutefois, si les participations visées aux alinéas a) ou b), selon le cas, dans une EIPD convertible sont définies par (b) shares of the capital stock of which are at or before the particular time distributed on a SIFT trust wind-up event of the SIFT wind-up entity; (société de conversion d’EIPD) rapport à des unités, la partie de la participation représentée par une telle unité constitue un intérêt dans l’EIPD convertible. (SIFT wind-up entity equity) inventaire Description des biens dont le prix ou la valeur entre dans le calcul du revenu qu’un contribuable tire d’une entreprise pour une année d’imposition ou serait ainsi entré si le revenu tiré de l’entreprise n’avait pas été calculé selon la méthode de comptabilité de caisse, laquelle description comprend notamment les suivants : a) dans le cas d’une entreprise agricole, le bétail détenu dans le cadre de l’exploitation de l’entreprise; b) les droits d’émissions. (inventory) investisseur indifférent relativement à l’impôt S’entend, à un moment donné, de la personne ou de la société de personnes qui est à ce moment, selon le cas : a) une personne qui, par l’effet de l’article 149, est exonérée de l’impôt; b) une personne non-résidente, sauf une personne à l’égard de laquelle toute somme payée ou à payer en vertu d’un contrat de couverture synthétique ou d’un arrangement de capitaux propres synthétiques ou d’un arrangement de capitaux propres synthétiques déterminé peut raisonnablement être attribuée à l’entreprise qu’elle exploite au Canada par l’entremise d’un établissement stable, au sens de l’article 8201 du Règlement de l’impôt sur le revenu, au Canada; c) une fiducie résidant au Canada (sauf une fiducie de fonds commun de placement déterminée) dont une participation à titre de bénéficiaire n’est pas une participation fixe, au sens du paragraphe 251.2(1), dans la fiducie (appelée « fiducie discrétionnaire » à la présente définition); d) une société de personnes à l’égard de laquelle il est raisonnable de considérer que plus de 10 % de la juste valeur marchande de l’ensemble des participations dans la société est détenue, directement ou indirectement par l’entremise d’une ou de plusieurs fiducies ou sociétés de personnes, par plusieurs des personnes visées à l’un des alinéas a) à c); e) une fiducie résidant au Canada (sauf une fiducie de fonds commun de placement déterminée ou une fiducie discrétionnaire) à l’égard de laquelle il est raisonnable de considérer que plus de 10 % de la juste valeur marchande de l’ensemble des participations à titre de bénéficiaire de la fiducie est détenue, directement ou (a) a SIFT trust (determined without reference to subsection 122.1(2)), (b) a SIFT partnership (determined without reference to subsection 197(8)), or small business bond [Repealed, 2023, c. 26, s. 73] indirectement par l’entremise d’une ou de plusieurs fiducies ou sociétés de personnes, par plusieurs des personnes visées à l’un des alinéas a) et c). (tax-indifferent investor) lignes directrices du BSIF sur la pondération des risques Les lignes directrices, établies par le surintendant des institutions financières sous le régime de l’article 600 de la Loi sur les banques, selon lesquelles une banque étrangère autorisée est tenue de fournir au surintendant à intervalles réguliers un état indiquant des éléments d’actif figurant au bilan pondérés en fonction des risques et engagements hors bilan pondérés en fonction des risques, applicables à compter du 8 août 2000. (OSFI risk-weighting guidelines) marché public S’entend au sens du paragraphe 122.1(1). (public market) matériel de distribution S’entend au sens du paragraphe 1104(13) du Règlement de l’impôt sur le revenu. (distribution equipment) matériel de transmission S’entend au sens du paragraphe 1104(13) du Règlement de l’impôt sur le revenu. (transmission equipment) matières minérales a) Gisement de métaux communs ou précieux; b) gisement de charbon; c) gisement de sables bitumineux ou de schiste bitumineux; d) gisement minéral relativement auquel : (i) le ministre des Ressources naturelles a certifié que le principal minéral extrait est un minéral industriel contenu dans un gisement non stratifié, (ii) le principal minéral extrait est l’ammonite, le corindon, le calcite, le diamant, le gypse, l’halite, le kaolin, le lithium ou la sylvine, (iii) le principal minéral extrait est la silice, qui est extraite du grès ou du quartzite. (mineral resource) maximum déductible au titre des REER S’entend au sens du paragraphe 146(1). (RRSP deduction limit) mécanisme de prêt de valeurs mobilières S’entend au sens du paragraphe 260(1). (securities lending arrangement) (société exploitant une petite entreprise) small business development bond [Repealed, 2023, c. 26, s. 73] (employé déterminé) specified financial institution, at any time, means (a) a bank, (d) an insurance corporation, mécanisme de prêt de valeurs mobilières déterminé S’entend au sens du paragraphe 260(1). (specified securities lending arrangement) mécanisme de retraite étranger Régime ou mécanisme visé par règlement. (foreign retirement arrangement) mécanisme de transfert de dividendes Mécanisme, accord ou arrangement ci-après appelé partie une personne ou une société de personnes (chacune étant appelée « personne » à la présente définition) : a) un mécanisme dans le cadre duquel il est raisonnable de considérer : (i) d’une part, que la principale raison de la participation de la personne consiste à lui permettre de recevoir un dividende sur une action du capital-actions d’une société, à l’exception d’un dividende sur une action visée par règlement ou une action visée à l’alinéa e) de la définition de action privilégiée à rendement prescrit au présent paragraphe et d’un montant réputé reçu, en application du paragraphe 84(3), par une société en raison de son action du capital-actions de la société, et (ii) d’autre part, que quelqu’un d’autre que la personne peut, de façon tangible, subir des pertes ou réaliser des gains ou des bénéfices sur l’action dans le cadre du mécanisme; b) il est entendu que, est visé un mécanisme dans le cadre duquel, à la fois : (i) une société reçoit sur une action donnée un dividende imposable qui, en l’absence du paragraphe 112(2.3), serait déductible dans le calcul de son revenu imposable ou de son revenu imposable gagné au Canada pour l’année d’imposition qui comprend le moment où le dividende est reçu, (ii) la société, ou une société de personnes dont elle est un associé, a l’obligation de verser à une autre personne ou société de personnes un montant qui, à la fois : (A) est versé au titre : (I) soit du dividende visé au sous-alinéa (i), (II) soit d’un dividende sur une action qui est identique à l’action donnée, (III) soit d’un dividende sur une action dont il est raisonnable de s’attendre à ce qu’elle présente pour son détenteur, pendant la durée du specified future tax consequence for a taxation year means (a) the consequence of the deduction or exclusion of an amount referred to in paragraph 161(7)(a), (v) paragraphs 66(12.66)(c) and 66(12.66)(d) are satisfied with respect to the purported renunciation, and (c) the consequence of an adjustment or a reduction described in subsection 161.6(1); (conséquence fiscale future déterminée) mécanisme, les mêmes possibilités, ou presque, de subir des pertes ou de réaliser des gains que l’action donnée, (B) s’il était versé, serait réputé par le paragraphe 260(5.1) avoir été reçu par cette autre personne ou société de personnes, selon le cas, à titre de dividende imposable; b.1) toute opération de couverture déterminée relative à une AMTD de la personne; c) tout arrangement de capitaux propres synthétiques (sauf une opération de couverture déterminée) relatif à une AMTD de la personne; d) un ou plusieurs accords ou arrangements (sauf ceux visés à l’alinéa c)) qui sont conclus par la personne en cause ou la personne rattachée (dans le présent alinéa en sens de l’alinéa a) de la définition de arrangement de capitaux propres synthétiques) — étant entendu que sont aussi visés les accords ou arrangements conclus par plusieurs de ces personnes — à l’égard desquels les conditions ci-après se vérifient : (i) les accords ou arrangements ont pour effet, ou il est raisonnable de conclure que leur objet est, de procurer à la personne en cause ou à la personne rattachée une possibilité, ou presque totale, de subir des pertes et de réaliser des gains ou des bénéfices relativement à l’AMTD ou à un impôt, ou un groupe d’investisseurs qui sont indifférents relativement à l’impôt dont chaque membre est affilié à chaque autre membre, obtient, en totalité ou en presque totalité, les possibilités de subir des pertes et de réaliser des gains ou des bénéfices relativement à l’AMTD ou à un impôt, ou, sous réserve du paragraphe 112(10), (ii) il est raisonnable de conclure que l’un des objets de la série d’opérations est le résultat visé au sous-alinéa (i). (dividend rental arrangement) mécanisme entièrement garanti S’entend d’un mécanisme de prêt de valeurs mobilières ou d’un mécanisme de prêt de valeurs mobilières déterminé si, pendant la durée du mécanisme, l’emprunteur, à la fois : a) fournit au prêteur, dans le cadre du mécanisme, soit de l’argent correspondant à au moins 95 % de la juste valeur marchande du titre, soit des titres visés à specified individual has the meaning assigned by subsection 120.4(1); (particulier déterminé) specified investment business has the meaning assigned by subsection 125(7); (entreprise de placement déterminée) l’alinéa c) de la définition de titre admissible au paragraphe 260(1) dont la juste valeur marchande représente au moins 95 % de la juste valeur marchande du titre qui est transféré ou prêté dans le cadre du mécanisme; b) le droit de profiter, directement ou indirectement, des avantages de la totalité ou de la presque totalité du revenu au titre de l’argent ou des titres fournis et des possibilités de gains y afférentes. (fully collateralized arrangement) méthode de compatibilité de caisse S’entend au sens du paragraphe 28(1). (cash method) minéral Sont compris parmi les minéraux l’ammonite, le charbon, le chlorure de calcium, le kaolin, les sables bitumineux, les schistes bitumineux et le silice, mais non le pétrole, le gaz naturel et les hydrocarbures connexes qui ne sont pas expressément visés par la présente définition. (mineral) minéraux [Abrogé, 1994, ch. 21, art. 109] ministre Le ministre du Revenu national. (Minister) moment du rajustement [Abrogé, 2016, ch. 12, art. 63] monnaie étrangère Monnaie d’un pays étranger. (foreign currency) monnaie fonctionnelle [Abrogée, 2009, ch. 2, art. 76] montant Argent, droit ou chose exprimés sous forme d’un montant d’argent, ou valeur du droit ou de la chose exprimée en argent. Toutefois : a) malgré l’alinéa b), dans les cas où les paragraphes 112(2.1), (2.2) ou (2.4), les articles 187.2 ou 187.3 ou les paragraphes 258(3) ou (5) s’appliquent à un dividende en actions, le montant du dividende en actions est le plus élevé des éléments suivants : (i) le montant correspondant à l’augmentation, découlant du versement du dividende, du capital versé de la société qui a versé le dividende, (ii) la juste valeur marchande de l’action ou des actions payées comme dividendes en actions au moment du versement; b) dans le cas où l’article 191.1 s’applique à un dividende en actions, le montant du dividende en actions est, pour l’application de la partie VI.1, le plus élevé des montants visés aux sous-alinéas (i) et (ii) et, à toute autre fin, le montant visé au sous-alinéa (i); (associé déterminé) (fiducie de fonds commun de placement déterminée) specified pension plan means a prescribed arrangement; (régime de pension déterminé) (proportion déterminée) (mécanisme de prêt de valeurs mobilières déterminé) (i) le montant correspondant à l’augmentation, découlant du versement du dividende, du capital versé de la société qui a versé le dividende, (ii) la juste valeur marchande de l’action ou des actions payées comme dividendes en actions au moment du versement; b.1) [Abrogé, 2013, ch. 34, art. 358] c) dans les autres cas, le montant d’un dividende en actions versé par une société est le montant correspondant à l’augmentation, découlant du dividende, du capital versé de la société qui a versé le dividende. (amount) montant à recours limité Montant qui constitue un montant à recours limité en vertu de l’article 143.2. (limited-recourse amount) montant cumulatif des immobilisations admissibles [Abrogée, 2016, ch. 12, art. 63] montant différé Dans le cadre d’une entente d’échelonnement du traitement applicable à un contribuable, le montant que une personne a le droit, à la fin d’une année d’imposition, de recevoir après la fin de l’année, à condition, dans le cas où l’entente est régie par une fiducie, que un traitement ait été reçu, soit à recevoir ou puisse, à un moment donné, devenir à recevoir par la fiducie au titre d’un traitement ou salaire du contribuable pour des services rendus par celui-ci au cours de l’année ou d’une année d’imposition antérieure; pour l’application de la présente définition, le droit de recevoir un montant comprend un droit assujetti à une ou plusieurs conditions, sauf s’il y a une forte probabilité qu’une de ces conditions ne sera pas remplie. (deferred amount) montant en immobilisations admissible [Abrogée, 2016, ch. 12, art. 63] non-résident Qui ne réside pas au Canada. numéro de compte en fiducie Le numéro, sauf le numéro d’entreprise : a) d’une part, qui est utilisé par le ministre pour identifier une fiducie; b) d’autre part, dont le ministre a avisé la fiducie. (trust account number) numéro d’entreprise Le numéro, sauf le numéro d’assurance sociale et le numéro de compte en fiducie, utilisé par le ministre pour identifier les entités ci-après, et dont il les a avisées : Income Tax PART XVII Interpretation
(b) can reasonably be considered to have been entered into in connection with a synthetic equity arrangement, in respect of the DRA share, or in connection with another specified synthetic equity arrangement in respect of the DRA share; (arrangement de capitaux propres synthétiques déterminé) a) une société ou une société de personnes; b) tout autre contribuable ou association qui exploite une entreprise ou qui est tenu par la présente loi d’opérer une déduction ou une retenue sur un montant payé ou crédité en vertu de la présente loi, ou réputé l’être. (business number) obligation à intérêt conditionnel S’agissant de l’obligation à intérêt conditionnel d’une société (appelée « émettrice » à la présente définition), l’obligation dont l’intérêt ou les dividendes ne sont payables que dans la mesure où l’émettrice a réalisé des bénéfices avant d’envisager le paiement de l’intérêt ou des dividendes, et qui a été émise : a) avant le 17 novembre 1978; b) après le 16 novembre 1978 et avant 1980 conformément à une convention écrite conclue avant le 17 novembre 1978 (appelée « convention établie » à la présente définition); c) par une émettrice qui réside au Canada pour une autre qui ne peut, dans aucune circonstance, dépasser 5 ans : (i) conformément à une proposition faite à ses créanciers ou un accommodement conclu avec eux et approuvés par un tribunal conformément à la Loi sur la faillite et l’insolvabilité, (ii) à un moment où la totalité, ou presque, de son actif était sous le contrôle d’un séquestre, d’un séquestre-gérant, d’un administrateur-séquestre ou d’un syndic de faillite, (iii) à un moment où, en raison de difficultés financières, l’émettrice ou une autre société qui réside au Canada et avec laquelle elle a un lien de dépendance manquait, ou on pouvait raisonnablement s’attendre à ce qu’elle manquait, à un engagement résultant d’un titre de créance détenu par une personne avec laquelle l’émettrice ou l’autre société n’avait aucun lien de dépendance. Si l’obligation était en totalité, ou presque, en circulation à ce moment, en échange ou en remplacement de tout ou partie du titre de créance, et dans le cas d’une obligation à intérêt conditionnel émise après le 12 novembre 1981, il est raisonnable de considérer le produit de l’émission comme ayant été utilisé par l’émettrice ou une autre société avec laquelle elle avait un lien de dépendance pour le financement de l’entreprise qu’elle exploitait au Canada immédiatement avant que soit émise l’obligation. Income Tax PART XVII Interpretation
(c) resulting from the termination of the fund or plan; (prestation de retraite ou de pension) Impôt sur le revenu
Pour l’application de la présente définition : d) lorsque les modalités d’une convention établie ont été modifiées après le 16 novembre 1978, cette convention est réputée avoir été conclue après cette date; e) lorsque l’une des conditions suivantes est remplie : (i) à un moment donné, les modalités d’une obligation émise conformément à une convention établie ou celles de toute convention se rapportant à une telle obligation ont été modifiées, (ii) selon les modalités d’une obligation acquise dans le cours normal des activités de l’entreprise exploitée par une institution financière déterminée ou une société de personnes ou une fiducie (à l’exception d’une fiducie testamentaire) ou selon les modalités de toute convention relative à n’importe quelle obligation semblable (autre qu’une convention conclue avant le 24 octobre 1979 à laquelle l’émetteur, ou toute personne liée à elle, n’était pas partie), le propriétaire de l’obligation pouvait à un moment donné après le 16 novembre 1978 demander, soit seul ou avec un ou plusieurs contribuables, que les modalités de remboursement de l’obligation ou toute autre modalité de l’obligation soient modifiées pour une raison autre que l’inobservation des modalités de l’obligation ou de toute convention relative à l’obligation et qui fut conclue au moment de l’émission de l’obligation, (iii) à un moment donné après le 16 novembre 1978, la date d’échéance de l’obligation a été reportée ou les modalités de remboursement de l’obligation ont été modifiées, (iv) à un moment donné, une institution financière déterminée (ou une société de personnes ou une fiducie ou une telle institution, ou une personne qui lui est liée, en est un associé ou un bénéficiaire) acquiert une obligation qui remplit une des conditions suivantes : (A) elle a été émise avant le 17 novembre 1978 ou conformément à une convention établie, (B) elle a été émise à une personne autre que la société qui, à ce moment de l’émission, était (I) soit visée à l’un des alinéas a) à e) de la définition de institution financière déterminée, (II) soit contrôlée par une ou plusieurs sociétés visées à la subdivision (I); Pour l’application de la présente subdivision, une société est Income Tax PART XVII Interpretation
contrôlée par une autre si plus de 50 % des actions émises de son capital-actions comportant plein droit de vote en toutes circonstances appartiennent à l’autre société, à des personnes avec lesquelles celle-ci a un lien de dépendance, ou à la fois à l’autre société et à des personnes avec lesquelles celle-ci a un lien de dépendance. (C) elle a été acquise auprès d’une personne qui était, au moment où elle a acquis l’obligation pour la dernière fois et au moment donné, une personne avec laquelle une société visée à l’un des alinéas a) à f) de cette définition, (D) elle a été acquise autrement que conformément à une convention écrite conclue avant le 24 octobre 1979, (v) à un moment donné après le 12 novembre 1981, une institution financière déterminée (ou une société de personnes ou une fiducie dont une telle institution, ou une personne qui lui est liée, est un associé ou un bénéficiaire) acquiert une obligation selon les conditions suivantes : (A) elle n’était pas une obligation visée à l’alinéa (C), (B) elle a été acquise auprès d’une personne qui était, au moment où elle a acquis l’obligation dans les alinéas a) à f) de la définition de institution financière déterminée, (C) son acquisition est assujettie à un engagement, au sens du paragraphe 112(2.2) si le mot « action » y était remplacé par « obligation à intérêt conditionnel », donné après le 12 novembre 1981, l’obligation pour ce qui est d’établir après le moment donné s’il s’agit d’une obligation à intérêt conditionnel, est réputée avoir été émise au moment donné autrement qu’en conformité avec une convention tenable. (income bond or income debenture) obligation d’émissions Obligation de livrer un droit d’émissions, ou qui peut par ailleurs être remplie au moyen d’un tel droit, si la loi fédérale ou provinciale qui régit les émissions de substances réglementées. (emissions obligation) obligation pour la petite entreprise [Abrogée, 2023, ch. 26, art. 73] obligation pour le développement de la petite entreprise [Abrogée, 2023, ch. 26, art. 73] opération de couverture déterminée S’entend, relativement à une AMTD à l’égard d’une personne ou d’une société de personnes (appelée « personne donnée » à la présente définition), d’une opération (à la présente définition, au sens du paragraphe 245(1)) ou d’une série d’opérations qui remplit les conditions suivantes : a) elle est conclue par : (i) soit la personne donnée si celle-ci est un courtier en valeurs mobilières inscrit ou une société de personnes dont chacun des associés est un courtier en valeurs mobilières inscrit, (ii) soit un courtier en valeurs mobilières inscrit ou une société de personnes dont chacun des associés est un courtier en valeurs mobilières inscrit (dans l’un ou l’autre cas, appelé « courtier rattaché » à la présente définition), si le courtier rattaché a été informé de la personne donnée ou est affilié à celle-ci; b) elle a pour effet, ou elle aurait pour effet si l’opération ou la série était conclue par une seule entité, d’éliminer, en totalité ou en presque totalité, les possibilités de perte et les possibilités de gain ou de profit relativement à l’AMTD, déterminée compte non tenu de toute autre opération ou série conclue relativement à l’AMTD; c) si l’alinéa 260(6)a) s’applique compte non tenu du paragraphe 260(6.2), la personne donnée ou le courtier rattaché peut déduire un montant relativement à l’opération ou la série en application de cet alinéa; d) si l’opération ou la série est conclue par le courtier rattaché, il est raisonnable de considérer que la personne donnée ou le courtier rattaché savait ou aurait dû savoir que l’effet visé à l’alinéa b) se produirait. (specified hedging transaction) organisation journalistique canadienne qualifiée Société, société de personnes ou fiducie qui, à la fois : a) satisfait aux conditions suivantes : (i) dans le cas d’une société : (A) elle est constituée sous le régime des lois du Canada ou d’une province, (B) son président ou une autre personne agissant comme tel et au moins les 3/4 des administrateurs ou autres cadres semblables sont des citoyens canadiens, (C) elle réside au Canada, (b) each other party to these agreements or arrangements is affiliated with the person or partnership; (chaîne d’arrangements de capitaux propres synthétiques) taxable Canadian corporation has the meaning assigned by subsection 89(1); (société canadienne imposable) (a) real or immovable property situated in Canada, (ii) dans le cas d’une société de personnes : (A) elle est établie sous le régime des lois d’une province, (B) des particuliers qui sont citoyens canadiens ou des personnes ou sociétés de personnes visées à l’un des sous-alinéas (i) à (iii) détiennent des participations dans la société de personnes : (I) d’une part, dont la valeur représente au moins 75 % de la valeur totale des biens de la société de personnes, (II) d’autre part, qui donnent lieu à une inclusion dans le calcul de leurs revenus d’au moins 75 % de chacun des revenus ou de chacune des pertes de la société de personnes provenant d’une source donnée, (iii) dans le cas d’une fiducie : (A) elle est établie sous le régime des lois d’une province, (B) elle réside au Canada, (C) si une ou plusieurs personnes ou sociétés de personnes détiennent des participations à titre de bénéficiaire, au moins 75 % de la juste valeur marchande de l’ensemble de ces participations sont détenues par l’une des personnes suivantes : (I) des particuliers qui sont citoyens canadiens, (II) des personnes ou sociétés de personnes visées à l’un des sous-alinéas (i) à (iii), (iv) elle exerce ses activités au Canada, le contenu qu’elle produit devant notamment être révisé, conçu et créé dans le cas du contenu numérique publié au Canada, (v) elle produit du contenu de nouvelles originales qui, à la fois : (A) doit être axé principalement sur des questions d’intérêt général et rendre compte de l’actualité, y compris la couverture des institutions et processus démocratiques, (B) ne doit pas être axé principalement sur un sujet donné, comme des nouvelles propres à un secteur particulier, les sports, les loisirs, les arts, les modes de vie ou de divertissement, (ii) Canadian resource properties, (iii) timber resource properties, and (vii) elle emploie régulièrement au moins deux journalistes qui n’ont aucun lien de dépendance avec l’organisation pour la production de son contenu, (viii) elle ne se consacre pas de façon importante à la production de contenu : (A) ayant pour but de promouvoir les intérêts d’une organisation, d’une association ou de ses membres, ou de rendre compte de leurs activités, (B) pour le compte d’un gouvernement, d’une société d’État ou d’un organisme gouvernemental, (C) [Abrogé, 2021, ch. 23, art. 61] (viii) elle n’est ni une société d’État, ni une société municipale, ni un organisme gouvernemental; b) est désignée, au moment considéré, par le ministre, celui-ci tenant compte aux fins de la désignation des recommandations, le cas échéant, d’une entité établie pour l’application de la présente définition. (qualified Canadian journalism organization) organisation journalistique enregistrée Organisation journalistique admissible (au sens du paragraphe 149.1(1)) qui a présenté au ministre une demande d’enregistrement sur le formulaire prescrit, et qui est enregistrée et dont l’enregistrement n’a pas été révoqué. (registered journalism organization) organisme de bienfaisance enregistré L’organisme suivant, qui a présenté au ministre une demande d’enregistrement sur le formulaire prescrit et qui est enregistré, au moment considéré, comme œuvre de bienfaisance, comme fondation privée ou comme fondation publique : a) œuvre de bienfaisance, fondation privée ou fondation publique, au sens du paragraphe 149.1(1), qui réside au Canada et qui y a été constituée ou y est établie; b) division — annexe, section, paroisse, congrégation ou autre — d’une œuvre de bienfaisance, fondation privée ou fondation publique, au sens du paragraphe 149.1(1), qui réside au Canada, qui a été constituée ou y est établie et qui reçoit des dons en son propre. (registered charity) organisme enregistré de services nationaux dans le domaine des arts Organisme de services nationaux dans le domaine des arts que le ministre a enregistré et (h) a timber resource property, (k) a life insurance policy in Canada; (bien canadien imposable) application du paragraphe 149.1(6.4) et dont l’enregistrement n’a pas été annulé. (registered national arts service organization) participation au capital S’agissant de la participation au capital d’une fiducie, détenue par un contribuable, s’entend au sens du paragraphe 108(1). (capital interest) participation au revenu S’agissant de la participation au revenu d’une fiducie, détenue par un contribuable, s’entend au sens du paragraphe 108(1). (income interest) particulier Personne autre qu’une société. (individual) particulier déterminé S’entend au sens du paragraphe 120.4(1). (specified individual)
pêche Sont comprises dans la pêche la pêche ou la prise de mollusques, crustacés et animaux marins, non toutefois pas visés par la présente définition la charge ou l’emploi auprès d’une personne exploitant une entreprise de pêche. (fishing) période de disposition factice Relativement à un arrangement de disposition factice, la période définie ou indéfinie pendant laquelle l’arrangement a ou aurait l’effet visé à l’alinéa b) de la définition de arrangement de disposition factice au présent paragraphe. (synthetic disposition period) personne Sont comprises parmi les personnes tant les sociétés que les entités exonérées de l’impôt prévu à la partie I sur tout ou partie de leur revenu imposable par l’effet du paragraphe 149(1), ainsi que les héritiers, liquidateurs de successions, exécuteurs testamentaires, administrateurs ou autres représentants légaux d’une personne, selon la loi de la partie du Canada visée par le contexte. La notion ne vise dans des formulations générales, impersonnelles ou comportant des pronoms ou adjectifs indéfinis. (person) (A) fixed, (A) fixed, personnel scolaire des Forces canadiennes d’outre-mer Le personnel employé à l’étranger et dont les services sont acquis au ministre de la Défense nationale en vertu d’une ordonnance privée par règlement relativement à la fourniture d’installations scolaires à l’étranger. (overseas Canadian Forces school staff) perte agricole S’entend au sens du paragraphe 111(8). (farm loss) perte agricole restreinte S’entend au sens du paragraphe 31(1.1). (restricted farm loss) perte autre qu’une perte en capital S’entend au sens du paragraphe 111(8). (non-capital loss) perte comme commanditaire S’entend au sens du paragraphe 96(2.1). (limited partnership loss) perte déductible au titre d’un placement d’entreprise S’entend au sens de l’article 38. (allowable business investment loss) perte en capital S’agissant de la perte en capital, pour une année d’imposition, résultant de la disposition d’un bien, s’entend au sens de l’article 39. (capital loss) perte en capital déductible S’entend au sens de l’article 38. (allowable capital loss) perte en capital nette S’entend au sens du paragraphe 111(8), sauf disposition contraire expresse. (net capital loss) placement enregistré S’entend au sens du paragraphe 204.4(1). (registered investment) plafond des affaires Le plafond des affaires d’une société pour une année d’imposition, déterminé selon l’article 125. (business limit) plafond des cotisations déterminées S’agissant du plafond des cotisations déterminées, pour une année civile, s’entend au sens du paragraphe 147.1(1). (money purchase limit) plafond REER S’entend au sens du paragraphe 146(1). (RRSP dollar limit) police collective d’assurance temporaire sur la vie [Abrogé, 1995, ch. 3, art. 52] police d’assurance Sont comprises parmi les polices d’assurance les polices d’assurance-vie. (insurance policy) police d’assurance-vie S’entend au sens du paragraphe 138(12). (life insurance policy) police d’assurance-vie au Canada S’entend au sens du paragraphe 138(12). (life insurance policy in Canada) police d’assurance-vie collective temporaire Police d’assurance-vie collective aux termes de laquelle seules les sommes suivantes sont payables par l’assureur : a) les sommes payables en cas de décès ou d’invalidité de particuliers dont la vie est assurée dans le cadre ou au titre de leur charge ou de leur emploi, actuel ou antérieur; b) les participations de police ou les bonifications. (group term life insurance policy) police 10/8 Police d’assurance-vie, à l’exception d’une rente, à l’égard de laquelle les énoncés ci-après se vérifient : a) une somme est ou peut devenir, selon le cas : (i) payable, aux termes d’un emprunt, à une personne ou une société de personnes à laquelle un intérêt sur la police ou sur un compte d’investissement relatif à la police a été cédé, (ii) un montant payable, au sens du paragraphe 138(12), aux termes d’une avance sur police, au sens du paragraphe 148(9), consiste conformément aux modalités de la police; b) selon le cas : (i) le rendement porté au crédit d’un compte d’investissement relatif à la police : (A) d’une part, est déterminé par rapport au taux d’intérêt applicable à l’emprunt ou à l’avance sur police, selon le cas, visé à l’alinéa a), (B) d’autre part, ne serait pas porté au crédit du compte si l’emprunt ou l’avance sur police, selon le cas, n’existait pas, (ii) le montant maximal d’un compte d’investissement relatif à la police est déterminé par rapport au montant de l’emprunt ou de l’avance sur police, selon le cas, visé à l’alinéa a). (10/8 policy) police RAL Police d’assurance-vie, à l’exception d’une rente, à l’égard de laquelle les énoncés ci-après se vérifient : a) une personne ou société de personnes donnée devient obligée, après le 20 mars 2013, de rembourser une somme à une autre personne ou société de personnes (appelée « prêteur » à la présente définition) à un moment déterminé par rapport au décès d’un particulier donné dont la vie est assurée en vertu de la police; b) est cédée au prêteur un intérêt, à la fois : (i) dans la police, (ii) dans un contrat de rente dont les modalités prévoient que des paiements continueront d’être effectués pendant une période se terminant au plus tôt au décès du particulier donné. (LIA policy) prescrit a) Dans le cas d’un formulaire, de renseignements à fournir sur un formulaire ou de modalités de production ou de présentation d’un formulaire, autorisés par le ministre; a.1) Dans le cas de modalités de présentation ou de production d’un choix, autorisées par le ministre; b) dans les autres cas, visé par règlement du gouverneur en conseil, y compris déterminé conformément à des règles prévues par règlement. (prescribed) prestation consécutive au décès Le total des sommes qu’un contribuable a reçues au cours d’une année d’imposition et des années d’imposition antérieures, en reconnaissance des services rendus par celui-ci dans une charge ou un emploi, moins : a) lorsque le contribuable est la seule personne qui a reçu de telles sommes et est l’époux ou conjoint de fait survivant de l’employé (appelé « époux ou conjoint de fait survivant » à la présente définition), le moins élevé des éléments suivants : (i) le total des sommes qu’il a ainsi reçues au cours de l’année, (ii) l’excédent éventuel de 10 000 $ sur le total des sommes qu’il a reçues au cours des années d’imposition antérieures au décès de l’employé ou postérieurement, en reconnaissance des services rendus par celui-ci à rendre dans une charge ou un emploi; b) lorsque le contribuable n’est pas l’époux ou conjoint de fait survivant de l’employé, le moindre des éléments suivants : (i) le total des sommes qu’il a ainsi reçues au cours de l’année, (ii) le produit de la multiplication de : (A) l’excédent éventuel de 10 000 $ sur le total des sommes que l’époux ou conjoint de fait survivant de l’employé a reçues au décès de celui-ci ou postérieurement, en reconnaissance des services que l’employé a rendus dans une charge ou un emploi, par le rapport entre : (B) d’une part, le total visé au sous-alinéa (i), (C) d’autre part, le total des sommes que les contribuables, autres que l’époux ou conjoint de fait survivant de l’employé, ont reçues au décès de celui-ci ou postérieurement, en reconnaissance des services que l’employé a rendus dans une charge ou un emploi. (death benefit) prestation de retraite ou de pension Sont compris dans les prestations de retraite ou de pension les sommes reçues à titre de caisse d’un régime de retraite ou de pension (y compris, dans le cas d’un régime de pension agréé collectif), notamment, tous versements faits à un bénéficiaire dans le cadre de la caisse ou du régime, ou à un employeur ou un ancien employeur du bénéficiaire : a) conformément aux conditions de la caisse ou du régime; b) par suite d’une modification apportée à la caisse ou au régime; c) par suite de la liquidation de la caisse ou du régime. (superannuation or pension benefit) prestation en vertu d’un régime de participation différée aux bénéfices Le total des sommes reçues par le contribuable, au cours de l’année d’imposition en cause, d’un fiduciaire, en vertu du régime, moins les sommes déduites en vertu des paragraphes 147(11) et (12), dans le calcul du revenu du contribuable pour l’année. (benefit under a deferred profit sharing plan) prêt à la réinstallation Prêt reçu par un particulier ou son époux ou conjoint de fait dans une situation où l’un ou l’autre commence à occuper un emploi dans un nouveau lieu de travail au Canada qui l’oblige à déménager de l’ancienne résidence au Canada où il résidait habituellement avant le déménagement à une résidence dans la nouvelle résidence au Canada où il réside habituellement (g) where (action privilégiée imposable) (i) fixed, (ii) limited to a maximum, or après le déménagement, si les conditions suivantes sont réunies : a) la distance entre son ancienne résidence et son nouveau lieu de travail est d’au moins 40 kilomètres supérieure à celle qui sépare sa nouvelle résidence de son nouveau lieu de travail; b) le prêt sert à acquérir une habitation ou une action du capital-actions d’une coopérative d’habitation acquise dans l’unique but d’acquérir le droit d’habiter une habitation dont la coopérative est propriétaire, dans le cas où l’habitation est destinée à l’usage du particulier et constitue sa nouvelle résidence; c) le prêt est reçu dans les circonstances visées au paragraphe 80.4(1) ou aurait été ainsi reçu si le paragraphe 80.4(1.1) s’y était appliqué au moment où il a été reçu; d) le particulier indique qu’il s’agit d’un prêt à la réinstallation; toutefois, le particulier ne peut, en aucun cas, indiquer comme prêt à la réinstallation plus d’un prêt pour un déménagement donné ou plus d’un prêt à un moment donné. (home relocation loan) principal S’agissant d’une obligation donnée, la somme maximale ou la somme globale maximale, selon le cas, payable, d’après les conditions de l’obligation ou de toute convention y afférente, au titre de l’obligation, par celui qui l’a émise, autrement qu’au titre des intérêts ou d’une prime que verserait l’émetteur s’il exerçait son droit de racheter l’obligation avant l’échéance de celle-ci. (principal amount) prix de base rajusté S’entend au sens de l’article 54. (adjusted cost base) proportion déterminée En ce qui concerne l’associé d’une société de personnes pour un exercice de celle-ci, la proportion de la part de l’associé du revenu total ou de la perte totale de la société de personnes pour l’exercice par rapport au revenu total ou à la perte totale de celle-ci pour cet exercice. Pour l’application de la présente définition, si le revenu ou la perte de la société de personnes pour un exercice est nul, la proportion est calculée comme si son revenu pour l’exercice s’élevait à 1 000 000 $. (specified proportion) puits de pétrole ou de gaz Puits (à l’exclusion d’un trou de second ou d’un puits sous la surface terrestre) foré en vue de produire du pétrole ou du gaz naturel ou en vue de déterminer l’existence, l’emplacement, l’étendue ou la qualité d’un gisement naturel de pétrole ou de gaz naturel. Pour l’application des articles 15 et 20 et des (i) fixed, (ii) limited to a maximum, or dispositions réglementaires prises sous le régime de l’alinéa 20(1)a) aux biens acquis après le 6 mars 1996, n’est pas un puits de pétrole ou de gaz le puits servant à l’extraction d’une substance d’un gisement de sables bitumineux ou de schistes bitumineux. (oil or gas well) régime d’épargne-retraite S’entend au sens du paragraphe 146(1). (retirement savings plan) régime de participation aux bénéfices S’entend au sens du paragraphe 147(1). (profit sharing plan) régime de participation des employés aux bénéfices S’entend au sens du paragraphe 144(1). (employees profit sharing plan) régime de participation différée aux bénéfices S’entend au sens du paragraphe 147(1). (deferred profit sharing plan) régime de pension agréé Régime de pension, sauf un régime de pension collectif, que le ministre a agréé pour l’application de la présente loi et dont l’agrément n’a pas été révoqué. (registered pension plan) régime de pension agréé collectif ou RPAC S’entend au sens du paragraphe 147.5(1). (pooled registered pension plan or PRPP) régime de pension collectif S’entend au sens du paragraphe 147.5(1). (pooled pension plan) régime de pension déterminé Arrangement visé par règlement. (specified pension plan) régime de prestations aux employés Mécanismes dans le cadre duquel des cotisations sont versées à une personne (appelée « dépositaire » dans la présente loi) par un employeur ou par toute autre personne avec qui celui-ci a un lien de dépendance en vertu de laquelle un ou plusieurs paiements sont à faire à des employés ou anciens employés de l’employeur ou à des personnes qui ont un lien de dépendance avec l’un de ces employés ou anciens employés, ou au profit de ces employés ou anciens employés ou personnes, sauf s’il s’agit d’un paiement qui n’aurait pas à être inclus dans le calcul du revenu du bénéficiaire ou d’un employé ou ancien employé si l’article 6 s’appliquait comme mentionné dans le sous-alinéa (1)a)(ii) ni de son alinéa (1)a). Ne fait pas partie d’un régime de prestations aux employés toute fiducie admissible visée : a) un régime ou une fiducie visé au sous-alinéa 6(1)a)(i) ou à l’alinéa 6(1)d) ou f); b.1) une fiducie collective des employés; (e) where the share shall be deemed at that time to be a taxable RFI share; (action particulière à une institution financière) b) une fiducie visée à l’alinéa 149(1)y); c) une fiducie d’employés;
c.1) une entente d’échelonnement du traitement applicable à un contribuable dans le cadre de laquelle des montants différés doivent être ajoutés comme avantages en vertu de l’alinéa 6(1)a) dans le calcul du revenu de ce contribuable;
c.2) une convention de retraite; d) un mécanisme dont le seul but est de dispenser à des employés de l’employeur un enseignement ou une formation qui vise à améliorer leur compétence au travail ou leurs connaissances en rapport avec ce travail; e) un mécanisme visé par règlement. (employee benefit plan) régime de prestations supplémentaires de chômage S’entend au sens du paragraphe 145(1). (supplementary unemployment benefit plan) régime enregistré d’épargne-études ou REEE S’entend au sens du paragraphe 146.1(1). (registered education savings plan or RESP) régime enregistré d’épargne-invalidité ou REEI S’entend au sens du paragraphe 146.4(1). (registered disability savings plan or RDSP) régime enregistré d’épargne-retraite ou REER S’entend au sens de régime enregistré d’épargne-retraite au paragraphe 146(1). (registered retirement savings plan or RRSP) régime enregistré de prestations supplémentaires de chômage S’entend au sens du paragraphe 145(1). (registered supplementary unemployment benefit plan) régime privé d’assurance-maladie Contrat d’assurance pour frais d’hospitalisation, frais médicaux, ou les deux, régime d’assurance-hospitalisation ou régime d’assurance-maladie et hospitalisation qui sont établis ou prévus : a) ni par une loi provinciale établissant un régime d’assurance-santé au sens de l’article 2 de la Loi canadienne sur la santé; b) ni par une loi fédérale ou son règlement, autorisant l’établissement d’un régime d’assurance-maladie ou d’un régime d’assurance-hospitalisation au profit des employés du fédéral et des personnes à leur charge ainsi que des personnes à la charge des membres de la Gendarmerie royale du Canada et de la force régulière, Income Tax PART XVII Interpretation
beneficiaries under the trust can reasonably be considered to be held, directly or indirectly through one or more trusts or partnerships, by any combination of persons described in paragraph (a) or (c); (investisseur indifférent relativement à l’impôt) (b) either Impôt sur le revenu
dans le cas où ces employés ou membres, nommés au Canada, servent à l’étranger. (private health services plan) registre Sont compris parmi les registres les comptes, conventions, livres, graphiques et tableaux, diagrammes, formulaires, images, factures, lettres, cartes, notes, plans, déclarations, états, télégrammes, pièces justificatives et toute autre chose renfermant des renseignements, qu’ils soient par écrit ou sous toute autre forme. (record) réglementaire et expressions comportant le mot « règlement » Ont le même sens que « prescrit ». (prescribed) réinstallation admissible Réinstallation d’un contribuable relativement à laquelle les faits ci-après s’avèrent : a) elle est effectuée afin de permettre au contribuable : (i) soit d’exploiter une entreprise ou d’occuper un emploi à un endroit au Canada (appelé « nouveau lieu de travail » à l’article 62 et dans la présente définition), sauf si le contribuable est absent du Canada mais y réside, (ii) soit de fréquenter, comme étudiant à temps plein inscrit à un programme de niveau postsecondaire, un établissement d’une université, d’un collège ou d’un autre établissement d’enseignement (appelé « nouveau lieu de travail » à l’article 62 et dans la présente définition); b) avant la réinstallation, le contribuable habitait ordinairement dans une résidence (appelée « ancienne résidence » à l’article 62 et dans la présente définition) et après la réinstallation, il habitait ordinairement dans une résidence (appelée « nouvelle résidence » à l’article 62 et dans la présente définition); c) sauf si le contribuable est absent du Canada mais y réside, l’ancienne résidence et la nouvelle résidence sont toutes deux situées au Canada; d) la distance entre l’ancienne résidence et le nouveau lieu de travail se situe à au moins 40 kilomètres de la distance entre la nouvelle résidence et le nouveau lieu de travail. (eligible relocation) remboursement de la partie VII S’entend au sens du paragraphe 192(2). (Part VII refund) remboursement de la partie VIII S’entend au sens du paragraphe 194(2). (Part VIII refund) rente Sont compris dans les rentes les sommes payables à intervalles réguliers plus longs ou plus courts qu’une année, en vertu d’un contrat, d’un testament, d’une fiducie ou autrement. (annuity) rente admissible de fiducie S’entend au sens du paragraphe 60.011(2). (qualifying trust annuity) rente viagère différée à un âge avancé S’entend au sens du paragraphe 146.5(1). (advanced life deferred annuity) représentant légal Quant à un contribuable, syndic de faillite, cessionnaire, liquidateur, curateur, séquestre de tout genre, fiduciaire, héritier, administrateur du bien d’autrui, liquidateur de succession, exécuteur testamentaire, conseil ou autre personne autorisée par un ministre ou le liquidé, en qualité de représentant ou de fiduciaire, les biens qui appartiennent ou appartenaient au contribuable ou à sa succession, ou qui sont ou étaient détenus pour le compte ou, ou en cette qualité, exerce une influence dominante sur ces biens ou s’en occupe autrement. (legal representative) ressource minérale A le même sens que matières minérales. (mineral resource) revenu brut S’agissant du revenu brut d’un contribuable pour une année d’imposition, le total des montants suivants : a) les sommes reçues au cours de l’année ou à recevoir au cours de l’année (selon la méthode habituellement suivie par le contribuable dans le calcul de son revenu) autrement qu’à titre de capital; b) les sommes, sauf celles visées à l’alinéa a), incluses dans le calcul du revenu du contribuable tiré d’une entreprise ou de biens pour l’année par l’effet des paragraphes 12(3) ou (4) ou de l’article 12.2 de la présente loi ou du paragraphe 12(8) de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts revisés du Canada de 1952. (gross revenue) revenu de placement total S’entend au sens du paragraphe 129(4). (aggregate investment income) revenus d’intérêts et de financement S’entend au sens du paragraphe 18.2(1). (interest and financing revenues) revenu étranger accumulé, tiré de biens S’entend au sens de l’article 95. (foreign accrual property income) revenu exonéré Les biens reçus ou acquis par une personne dans des circonstances faisant qu’ils ne sont pas Income Tax PART XVII Interpretation
(i) a corporation described in any of paragraphs (a) to (e.1) of the definition specified financial institution, Impôt sur le revenu
inclus, par l’effet d’une disposition de la partie I, dans le calcul de son revenu. Ne sont pas un revenu exonéré le dividende sur une action et la pension alimentaire au sens du paragraphe 56.1(4). (exempt income) revenu fractionné S’entend au sens du paragraphe 120.4(1). (split income) revenu imposable Le revenu visé au paragraphe 2(2), qui ne peut en aucun cas être négatif. (taxable income) revenu imposable gagné au Canada Le revenu imposable d’un contribuable qui est gagné au Canada et calculé conformément à la section D de la partie I, et qui ne peut en aucun cas être négatif. (taxable income earned in Canada) sables asphaltiques Sables bitumineux ou schistes bitumineux extraits, autrement qu’au moyen d’un puits, d’une ressource minérale. Pour l’application des articles 13 et 20 et des dispositions réglementaires prises sous le régime de l’alinéa 20(1)a), pour les biens acquis après le 6 mars 1996, sont exclus des sables asphaltiques les substances extraites au moyen d’un puits d’un gisement de schistes bitumineux ou de schistes bitumineux. (tar sands) sables bitumineux Sables ou autres matériaux rocheux contenant des hydrocarbures d’origine naturelle, sauf le charbon, qui présentent l’une des caractéristiques suivantes : a) une viscosité, déterminée selon les modalités réglementaires, d’au moins 10 000 centipoises; b) une densité, déterminée selon les modalités réglementaires, d’au plus 12 degrés API. (bituminous sands) second fonds du compte de stabilisation du revenu net Partie du compte de stabilisation du revenu net d’un contribuable : a) d’une part, qui est visée à l’alinéa 8(2)b) de la Loi sur la protection du revenu agricole, ou qui est un fonds visé par règlement; b) d’autre part, qu’il est raisonnable de considérer comme étant attribuable à un programme qui permet l’accumulation des fonds du compte. (NISA Fund No. 2) société Sauf dans l’expression société de personnes, s’entend d’une personne morale, y compris une compagnie. (corporation) (i) a corporation referred to in any of paragraphs (a) to (d) of the definition specified financial institution in this subsection, société agréée à capital de risque de travailleurs Société qui a été agréée en vertu du paragraphe 204.81(1) et dont l’agrément n’a pas été retiré. (registered labour-sponsored venture capital corporation) société canadienne S’entend au sens du paragraphe 89(1). (Canadian corporation) société canadienne imposable S’entend au sens du paragraphe 89(1). (taxable Canadian corporation) société constituée au Canada Société constituée dans une région quelconque du Canada, même avant le rattachement de celle-ci au pays. (corporation incorporated in Canada) société de conversion d’EIPD Est une société de conversion d’EIPD quant à une EIPD convertible à un moment donné : a) la société qui, après le 13 juillet 2008 et avant le moment donné où, s’il est antérieur, le 1er janvier 2013, possède ou répartit l’ensemble des intérêts dans l’EIPD convertible; b) la société dont les actions du capital-actions sont distribuées, au moment donné ou avant ce moment, à l’occasion d’un fait lié à la conversion d’une EIPD-fiducie de l’EIPD convertible. (SIFT wind-up corporation) société de personnes canadienne S’entend au sens de l’article 102. (Canadian partnership) société de personnes intermédiaire de placement déterminée S’entend au sens de l’article 197. (SIFT partnership) société de personnes résidant au Canada Société de personnes qui, au moment considéré, selon le cas : a) est une société de personnes canadienne; b) résiderait au Canada si elle était une société (étant entendu que la société de personnes dont le siège de direction et de contrôle est situé au Canada est visée ici); c) a été établie sous le régime des lois d’une province. (Canadian resident partnership) société de placement S’entend au sens du paragraphe 130(3). (investment corporation) société de placement à capital variable S’entend au sens du paragraphe 131(8). (mutual fund corporation) (h) where (ii) under the terms or conditions of société de placement appartenant à des non-résidents S’entend au sens du paragraphe 133(8). (non-resident-owned investment corporation) société de placement hypothécaire S’entend au sens du paragraphe 130.1(6). (mortgage investment corporation) société étrangère affiliée S’entend au sens du paragraphe 95(1). (foreign affiliate) société étrangère affiliée contrôlée S’entend au sens du paragraphe 95(1), sauf disposition contraire expresse de la présente loi. (controlled foreign affiliate) société exploitant une petite entreprise Sous réserve du paragraphe 110.6(15), société privée sous contrôle canadien et dont la totalité, ou presque, de la juste valeur marchande des éléments d’actif est attribuable, à un moment donné, à des éléments qui sont : a) soit utilisés principalement dans une entreprise que la société ou une société qui lui est liée exploite activement principalement au Canada; b) soit constitués d’actions du capital-actions ou de dettes d’une ou de plusieurs sociétés exploitant une petite entreprise rattachées à la société au moment donné, au sens du paragraphe 186(4) selon l’hypothèse que les sociétés exploitant une petite entreprise sont, à ce moment, des sociétés payantes au sens de ce paragraphe; c) soit visés aux alinéas a) et b). Pour l’application de l’alinéa 39(1)c), est une société exploitant une petite entreprise la société qui était une telle société à un moment de la période de douze mois précédant le moment donné; par ailleurs, pour l’application de la présente définition, la juste valeur marchande d’un compte de stabilisation du revenu net est réputée nulle. (small business corporation) société privée S’entend au sens du paragraphe 89(1). (private corporation) société privée sous contrôle canadien S’entend au sens du paragraphe 125(7). (Canadian-controlled private corporation) société professionnelle Société qui exerce la profession d’avocat, de chiropraticien, de comptable, de dentiste, de médecin ou de vétérinaire. (professional corporation) société publique S’entend au sens du paragraphe 89(1). (public corporation) (I) described in any of paragraphs (a) to (e) of the definition specified financial institution, or somme A le même sens que montant. (amount) SPCC en substance Société privée (à l’exception d’une société privée sous contrôle canadien) qui a) soit est contrôlée, directement ou indirectement, de quelque manière que ce soit, par un ou plusieurs particuliers résidant au Canada; b) soit, si chaque action du capital-actions d’une société appartenant à un particulier résidant au Canada appartenait à un particulier donné, serait contrôlée par ce dernier. (substantive CCPC) succession S’entend au sens du paragraphe 104(1). (estate) succession assujettie à l’imposition à taux progressifs Est une succession assujettie à l’imposition à taux progressifs d’un particulier à un moment donné, la succession qui a commencé à exister au décès du particulier et par suite de ce décès et relativement à laquelle les faits ci-après s’avèrent : a) le moment donné suit le décès d’au plus 36 mois; b) la succession est une fiducie testamentaire à ce moment; c) le numéro d’assurance sociale du particulier (ou, dans le cas d’un particulier auquel un numéro d’assurance sociale n’a pas été attribué avant son décès, tout autre renseignement que le ministre accepte) figure dans la déclaration de revenu de la succession produite en vertu de la partie I pour son année d’imposition qui comprend ce moment et concerne des années d’imposition se terminant après 2015; d) la succession se désigne à titre de succession assujettie à l’imposition à taux progressifs du particulier dans la déclaration de revenu qu’elle produit en vertu de la partie I pour une année d’imposition se terminant après 2015; e) aucune autre succession ne se désigne à titre de succession assujettie à l’imposition à taux progressifs du particulier dans une déclaration de revenu produite en vertu de la partie I pour une année d’imposition se terminant après 2015. (graduated rate estate) taux de base pour l’année Le taux le plus bas mentionné au paragraphe 117(2) pour l’année d’imposition en cause. (appropriate percentage) (B) the redemption date of (II) a share issued pursuant to a specified agreement taux d’imposition provincial des EIPD Le montant déterminé par règlement pour une année d’imposition, applicable à une fiducie intermédiaire de placement déterminé ou à une société de personnes intermédiaire de placement déterminé. (provincial SIFT tax rate) taux d’imposition supérieur pour l’année Le taux le plus élevé mentionné au paragraphe 117(2) pour l’année d’imposition en cause. (highest individual percentage) taux net d’imposition du revenu des sociétés Le taux net d’imposition du revenu des sociétés applicable à une fiducie intermédiaire de placement déterminé ou à une société de personnes intermédiaire de placement déterminé pour une année d’imposition est le résultat, exprimé en fraction décimale, du taux visé à l’alinéa a) sur le total visé à l’alinéa b) : a) le taux d’impôt fixé à l’alinéa 123(1)a pour l’année; b) le total des pourcentages suivants : (i) le pourcentage qui correspondrait au pourcentage de réduction du taux général, au sens du paragraphe 123.4(1), applicable à l’année si la société était une société privée sous contrôle canadien, (ii) le taux de la déduction d’impôt fixé au paragraphe 124(1) pour l’année. (net corporate income tax rate) taxe sur les produits et services Taxe payable en application de la partie IX de la Loi sur la taxe d’accise. (goods and services tax)
traité fiscal À un moment donné, accord ou convention général visant l’élimination de la double imposition du revenu, conclu entre le gouvernement du Canada et le gouvernement d’un autre pays, qui a force de loi à ce moment. (tax treaty) traitement ou salaire Sauf aux articles 5 et 63 et à la définition de prestation consécutive au décès, le revenu (i.1) where que tire un contribuable d’une charge ou d’un emploi, calculé d’après la sous-section A de la section B de la partie I, y compris les honoraires touchés par le contribuable pour des services qu’il n’a pas fournis dans le cours des activités de son entreprise, mais à l’exclusion des prestations de retraite ou de pension, ainsi que des allocations de retraite. (salary or wages) traitement préliminaire au Canada Sauf disposition réglementaire contraire : a) le traitement au Canada de gaz naturel brut dans une installation de séparation et de déshydratation préliminaires; b) le traitement au Canada de gaz naturel brut dans une installation de traitement du gaz naturel, jusqu’à un stade ne dépassant pas celui du gaz naturel que les voituriers publics de gaz naturel estiment acceptable; c) le traitement au Canada d’hydrogène sulfuré dérivé de gaz naturel brut, jusqu’à un stade ne dépassant pas celui du soufre marchand; d) le traitement au Canada de liquides de gaz naturel dérivés de gaz naturel brut, jusqu’à un stade ne dépassant pas celui du pétrole léger marchand ou son équivalent; e) le traitement au Canada de pétrole brut (sauf le pétrole brut lourd récupéré d’un puits de pétrole ou de gaz ou d’un gisement de sables asphaltés) récupéré d’un gisement naturel de pétrole, jusqu’à un stade ne dépassant pas celui du pétrole brut ou son équivalent; f) les activités visées par règlement. Pour l’application des alinéas b) à d) : g) le gaz ne cesse d’être du gaz naturel brut du seul fait qu’il est traité dans une installation de séparation et de déshydratation préliminaires ou lorsqu’il est récupéré en vue de produire du gaz naturel; h) l’installation de traitement du gaz naturel, ou la partie d’une telle installation, qui sert principalement à la récupération d’éthane n’est pas une telle installation. (Canadian field processing) transfert admissible d’entreprise S’entend d’une disposition d’actions du capital-actions d’une société (appelée « société en cause » à la présente définition) par un contribuable en faveur d’une fiducie, d’une société privée sous contrôle canadien (appelée « acheteur » à la présente définition) dont les actions appartiennent à cent subsection 112(2.1) or 138(6) in respect of a deduction or to avoid or limit the application of subsection 258(3), the particular share shall be deemed after December 31, 1982 to be a term preferred share of the corporation; (action privilégiée à terme) TFSA, being a tax-free savings account, has the meaning assigned by subsection 146.2(5); (compte d’épargne libre d’impôt) total pension adjustment reversal of a taxpayer for a calendar year has the meaning assigned by regulation; (facteur d’équivalence rectifié total) (b) of which the Minister has notified the trust; (numéro de compte en fiducie) pour cent à la fiducie et qui est contrôlée par celle-ci, si les conditions suivantes sont réunies : a) immédiatement avant la disposition, la totalité ou presque de la juste valeur marchande des éléments d’actif de la société en cause est attribuable, à ce moment, à des éléments d’actif (sauf une participation dans une société de personnes) qui sont utilisés principalement dans une entreprise (appelée l’« entreprise » à la présente définition) que la société en cause, ou une société dont les actions appartiennent en tout ou en partie à la société en cause et qui est contrôlée par celle-ci, exploite activement; b) au moment de la disposition, les conditions suivantes sont remplies : (i) le contribuable n’a pas de lien de dépendance avec la fiducie (ou un acheteur), (ii) la fiducie acquiert le contrôle de la société en cause, (iii) la fiducie est une fiducie collective des employés dont les bénéficiaires sont employés dans l’entreprise; c) à tout moment après la disposition, les conditions suivantes sont remplies : (i) le contribuable ne conserve pas un droit ou une influence dont l’exercice lui permettrait (seul ou avec une personne ou une société de personnes qui lui est liée ou affiliée) de contrôler, directement ou indirectement, de quelque manière que ce soit, la société en cause, la fiducie ou un acheteur. (qualifying business transfer) transport international S’entend, à l’égard d’une personne ou d’une société de personnes qui exploite une entreprise de transport de passagers ou de marchandises, d’un voyage effectué dans le cours des activités de cette entreprise et dont le principal objet est de transporter des passagers ou des marchandises : a) soit du Canada vers un lieu situé à l’étranger; b) soit d’un lieu situé à l’étranger au Canada; c) soit d’un lieu situé à l’étranger vers un autre lieu situé à l’étranger. (international traffic) transport maritime international L’exploitation d’un navire que possède ou loue une personne ou une société undepreciated capital cost to a taxpayer of depreciable property of a prescribed class has the meaning assigned by subsection 13(21); (fraction non amortie du coût en capital) unit trust has the meaning assigned by subsection 108(2); (fiducie d’investissement à participation unitaire) unused RRSP deduction room of a taxpayer at the end of a taxation year has the meaning assigned by subsection 146(1); (déductions inutilisées au titre des REER) unused scientific research and experimental development tax credit of a taxpayer for a taxation year has the meaning assigned by subsection 127.3(2); (partie inutilisée du crédit d’impôt pour des activités de recherche scientifique et de développement expérimental) unused share-purchase tax credit of a taxpayer for a taxation year has the meaning assigned by subsection 127.2(6); (partie inutilisée du crédit d’impôt à l’achat d’actions) zero-emission passenger vehicle, of a taxpayer, means a vehicle of the taxpayer that is included in Class 54 of Schedule II to the Income Tax Regulations; (voiture de tourisme zéro émission) (i) electric, or de personnes (appelée « exploitant » dans la présente définition) et qui est utilisé, directement ou dans le cadre d’un arrangement de mise en commun, principalement pour le transport de passagers ou de marchandises en transport international — à supposer, sauf en cas d’application de l’alinéa c) de la définition de transport international au présent paragraphe, que tout port ou autre endroit situé sur les Grands Lacs ou le fleuve Saint-Laurent se trouve au Canada —, y compris l’affrètement d’un navire, à condition que la pleine possession, l’entier contrôle et le commandement intégral du navire soient détenus, selon le cas, par une ou plusieurs personnes (l’exploitant et chacune d’elles sont une société) ou, dans les autres cas, par une ou plusieurs personnes ou sociétés de personnes affiliées à l’exploitant, et les activités se rapportant directement ou accessoirement à l’exploitation de ce navire. En sont exclus : a) l’entreposage ou la transformation de marchandises en mer; b) la pêche; c) la mise en place de câbles; d) le sauvetage; e) le touage; f) le remorquage; g) les activités pétrolières et gazières en mer (sauf le transport du pétrole et du gaz), y compris les activités d’exploration et de forage; h) le dragage; i) la location d’un navire par un bailleur à un preneur qui a la pleine possession, l’entier contrôle et le commandement intégral du navire, sauf si le bailleur ou une société, une fiducie ou une société de personnes qui lui est affiliée a une participation admissible, au sens du paragraphe 256.6(04), dans le preneur. (international shipping) union de fait Relation qui existe entre deux conjoints de fait. (common-law partnership) véhicule à moteur Véhicule mû par un moteur, conçu ou aménagé pour circuler sur les voies publiques et dans les rues, à l’exclusion des trolleybus et des véhicules conçus ou aménagés pour fonctionner exclusivement sur rails. (motor vehicle) véhicule zéro émission Véhicule à moteur d’un contribuable qui, à la fois : a) est un hybride rechargeable qui remplit les conditions visées par règlement ou est entièrement : (i) soit électrique, (ii) soit alimenté à l’hydrogène; b) est acquis, et devient prêt à être mis en service, par le contribuable après le 18 mars 2019 mais avant 2028; c) ne remplit aucune des conditions suivantes : (i) il est un véhicule à l’égard duquel le contribuable a fait, à un moment donné, le choix prévu au paragraphe 1103(2j) du Règlement de l’impôt sur le revenu, (ii) il est un véhicule à l’égard duquel le gouvernement du Canada a versé une aide financière en vertu d’un programme visé par règlement, (iii) si le véhicule a été acquis avant le 2 mars 2020, soit : (A) il a été utilisé, ou acquis en vue d’être utilisé, à une fin quelconque avant qu’il ait été acquis par le contribuable, (B) il est un véhicule à l’égard duquel un montant a été déduit en application de l’alinéa 20(1)a) ou du paragraphe 20(16) par une autre personne ou société de personnes; d) serait un bien relatif à l’incitatif à l’investissement accéléré du contribuable si le paragraphe 1104(4) du Règlement de l’impôt sur le revenu était lu sans ses exclusions visant les biens compris dans la catégorie 54 ou 55 de l’annexe II de ce règlement. (zero-emission vehicle) voiture de tourisme Selon le cas : a) automobile acquise après le 17 juin 1987 — à l’exclusion d’une automobile qui est acquise après cette date conformément à une obligation contractée avant le 18 juin 1987 ou qui est un véhicule zéro émission; b) automobile louée par contrat de location conclu, prolongé ou renouvelé après le 17 juin 1987. (passenger vehicle) voiture de tourisme zéro émission Automobile d’un contribuable qui est comprise dans la catégorie 54 de l’annexe II du Règlement de l’impôt sur le revenu. (zero-emission passenger vehicle) (b) the merger or combination zone extracôtière de la Nouvelle-Écosse A le sens du terme zone extracôtière de la Loi de mise en œuvre de l’Accord Canada — Nouvelle-Écosse sur les hydrocarbures extracôtiers, chapitre 28 des Lois du Canada de 1988. (Nova Scotia offshore area) zone extracôtière de Terre-Neuve A le sens du terme zone extracôtière de la Loi de mise en œuvre de l’Accord atlantique Canada — Terre-Neuve-et-Labrador, chapitre 3 des Lois du Canada de 1987. (Newfoundland offshore area) Non-disposition avant le 24 décembre 1998 (1.1) Le rachat, l’acquisition ou l’annulation, à un moment donné après 1971 et avant le 24 décembre 1998, d’une action du capital-actions d’une société (appelée « société émettrice » au présent paragraphe), ou d’un droit d’acquérir une telle action, (l’action ou le droit étant appelé « titre » au présent paragraphe) détenu par une autre société (appelée « société cédante » au présent paragraphe) n’est pas assimilé à une disposition du titre (« disposition » s’entendant au sens de l’article 54, dans sa version applicable aux opérations et événements s’étant produits au moment donné), si a) le rachat, l’acquisition ou l’annulation s’est produit dans le cadre de l’unification ou de la combinaison de plusieurs sociétés, dont la société émettrice et la société cédante, en une nouvelle société; b) l’unification ou la combinaison, selon le cas : (i) est une fusion (au sens du paragraphe 87(1) dans sa version applicable au moment donné) à laquelle le paragraphe 87(11), s’il est en vigueur à ce moment et dans sa version applicable à ce moment, ne s’est pas appliqué, (ii) est une fusion (au sens du paragraphe 87(1) dans sa version applicable au moment donné) à laquelle le paragraphe 87(11), s’il est en vigueur à ce moment et dans sa version applicable à ce moment, s’applique, dans le cas où la société émettrice et la société cédante représentent respectivement la société mère et la filiale visées au paragraphe 87(11), s’il est en vigueur à ce moment et dans sa version applicable à ce moment, (iii) s’est produite avant le 13 novembre 1981 et est une fusion de sociétés visée au paragraphe 87(8), dans sa version applicable à l’unification ou à la combinaison, (iv) s’est produite après le 12 novembre 1981 et l’un ou l’autre des faits ci-après se vérifie : and Tax payable (A) il s’agit d’une fusion étrangère, au sens du paragraphe 87(8.1) dans sa version applicable à la fusion ou à la combinaison, (B) les conditions ci-après sont réunies : (I) l’unification ou la combinaison n’est pas une fusion étrangère, au sens du paragraphe 87(8.1) dans sa version applicable à l’unification ou à la combinaison, (II) le paragraphe 87(8.1), dans sa version applicable à l’unification ou à la combinaison, comportait un sous-alinéa c)(ii), et (III) l’unification ou la combinaison serait une fusion étrangère, au sens du paragraphe 87(8.1) dans sa version applicable à l’unification ou à la combinaison, si le sous-alinéa 87(8.1)c)(ii) avait été libellé suivant : « (ii) soit, dans le cas où, immédiatement après l’unification, la nouvelle société étrangère était contrôlée par une autre société étrangère (appelée « société mère » au présent paragraphe), des actions du capital-actions de la société mère; » c) selon le cas : (i) la société cédante ne reçoit aucune contrepartie pour le titre, (ii) s’il s’agit d’une unification ou d’une combinaison visée au sous-alinéa b)(iv), la société cédante n’a reçu en contrepartie du titre que des biens qui appartenaient à la société émettrice immédiatement avant l’unification ou la combinaison et qui sont devenus des biens de la nouvelle société au moment de l’unification ou de la combinaison. Sens de impôt payable
Dans la présente loi, l’impôt payable par un contribuable, conformément à toute partie de la présente loi prévoyant une imposition, désigne l’impôt payable par lui, tel que fixé par cotisation ou nouvelle cotisation, sous réserve éventuellement de changement lors d’une opposition ou d’un appel, d’après les dispositions de cette partie. Biens assujettis à certains arrangements et institutions du Québec
Pour l’application de la présente loi, dans le cas où un bien est sujet à un arrangement ou une institution visé à (ii) d’autre part, crée des droits et des obligations qui sont sensiblement les mêmes que ceux découlant d’une fiducie compte non tenu du présent paragraphe; c) si l’arrangement est un arrangement admissible : (i) il est réputé être une fiducie, (ii) tout bien versé à l’arrangement à un moment donné par un rentier, un titulaire ou un souscripteur de l’arrangement est réputé avoir été transféré à la fiducie à ce moment par le rentier, le titulaire ou le souscripteur, selon le cas, (iii) tout bien sujet à des droits et des obligations prévus par l’arrangement est réputé être détenu en fiducie et non autrement; d) toute personne qui a le droit, immédiat ou futur et conditionnel ou non, de recevoir tout ou partie du revenu ou du capital relativement à un bien visé aux alinéas a) ou b) est réputée avoir un droit de bénéficiaire dans la fiducie; e) les biens sur lesquels une personne, à un moment donné, a un droit de propriété, un droit de locataire en vertu d’un bail emphytéotique ou un droit de bénéficiaire dans une fiducie sont réputés, même s’ils sont grevés d’une servitude à ce moment, être la propriété effective de la personne à ce moment. Don de la nue-propriété d’un immeuble (3.1) Le paragraphe (3) ne s’applique pas à l’usufruit ou au droit d’usage d’un immeuble lorsqu’un contribuable dispose de la nue-propriété de l’immeuble au moyen d’un don à un donataire reconnu et conserve sa vie durant l’usufruit ou le droit d’usage de l’immeuble. Arrangement admissible (3.2) Pour l’application des alinéas 248(3)(b) et (c), est un arrangement admissible l’arrangement qui répond aux conditions suivantes : a) il est conclu avec une société titulaire d’une licence ou par ailleurs autorisée par la législation fédérale ou provinciale à exploiter au Canada une entreprise consistant à offrir au public ses services de fiduciaire; b) il est établi en vertu d’un contrat écrit qui est régi par le droit de la province de Québec; Real right in immovables c) il est présenté à titre de déclaration de fiducie ou prévoit que l’arrangement est considéré comme une fiducie pour l’application de la présente loi; d) il est présenté à titre d’arrangement à l’égard duquel la société doit faire en sorte qu’il devienne un compte d’épargne libre d’impôt pour l’achat d’une première propriété, un régime enregistré d’épargne-invalidité, un régime enregistré d’épargne-études, un fonds enregistré de revenu de retraite, un régime enregistré d’épargne-retraite ou un compte d’épargne libre d’impôt. Intérêt sur un bien réel
Dans la présente loi, sont compris dans les intérêts sur des biens réels, les tenures à bail mais non les intérêts servant de garantie seulement découlant d’une hypothèque, d’une convention de vente ou d’un titre semblable. Droit réel sur un immeuble (4.1) Dans la présente loi, sont compris dans les droits réels sur des immeubles, les baux mais non les droits servant de garantie seulement découlant d’une hypothèque, d’une convention de vente ou d’un titre semblable. Bien substitué
Pour l’application de la présente loi, à l’exception de l’alinéa 98(1)a): a) lorsqu’une personne dispose d’un bien donné ou l’échange et acquiert un autre bien en remplacement et que par la suite, par un ou plusieurs autres opérations, elle effectue une ou plusieurs autres substitutions, le bien acquis par cette opération est réputé être un bien substitué au bien donné; b) une action reçue à titre de dividende en actions sur une autre action du capital-actions d’une société est réputée être un bien substitué à cette autre action. Séries d’une catégorie d’actions
Dans la présente loi, la mention de « catégorie » en rapport avec une société qui émet des actions d’une catégorie de son capital-actions en une ou plusieurs séries vaut, avec les adaptations nécessaires, mention de « série de la catégorie ». Date de réception
Pour l’application de la présente loi : Definitions
In subsection 248(8), a) Abandon, au sens de release ou surrender en vertu du droit des autres provinces que le Québec, qui n’indique aucunement qui est en droit d’en profiter; b) donation entre vifs d’un droit sur la succession ou d’un bien de celle-ci, faite en vertu du droit de la province de Québec à la personne ou aux personnes qui auraient profité de la renonciation si le donateur avait renoncé à la succession sans le faire au profit de quelqu’un; l’abandon doit être fait dans un délai se terminant 36 mois après le décès du contribuable ou, si le représentant légal de celui-ci en fait la demande écrite au ministre dans ce délai, dans un délai plus long que le ministre considère raisonnable dans les circonstances. (release or surrender) renonciation S’entend notamment d’une renonciation à une succession en vertu de la législation de la province de Québec qui n’est pas faite au profit de quelqu’un. La présente définition ne vise pas la renonciation faite après la période se terminant 36 mois après le décès du contribuable, sauf si le représentant légal de celui-ci en fait la demande écrite au ministre, ou après cette période, dans un délai que le ministre considère raisonnable dans les circonstances. (disclaimer) (a) under the terms of the taxpayer’s will; or Établissement d’une fiducie (9.1) Pour l’application de la présente loi, une fiducie est réputée établie par le testament d’un contribuable si elle est établie : a) soit en vertu de ce testament; b) soit par une ordonnance d’un tribunal rendue relativement à la succession du contribuable en application d’une loi provinciale prévoyant une aide alimentaire aux personnes à charge. Dévolution irrévocable d’un bien (9.2) Pour l’application de la présente loi, un bien est réputé n’avoir été dévolu irrévocablement à un particulier, sauf une fiducie, ou à une fiducie établie par le testament d’un contribuable dont l’époux ou conjoint de fait est bénéficiaire, que si le bien a été ainsi dévolu avant le décès du particulier ou de l’époux ou conjoint de fait, selon le cas. Identical properties (B) if, Income Tax PART XVII Interpretation
Impôt sur le revenu
au sens de cette loi, qui comprend le moment donné, (II) le contribuable a demandé le crédit de taxe sur les intrants au moins 120 jours avant la fin de sa période normale de nouvelle cotisation, déterminée selon le paragraphe 152(3.1), pour l’année d’imposition qui comprend le moment donné, (ii) à la fin de la période de déclaration, si, à la fois : (A) le sous-alinéa (i) ne s’applique pas, (B) le montant déterminant applicable au contribuable, calculé conformément au paragraphe 249(1) de la Loi sur la taxe d’accise, s’établit à 500 000 $ ou moins pour son exercice, au sens de cette loi, qui comprend le moment donné, (iii) dans les autres cas, le dernier jour de la plus ancienne année d’imposition du contribuable : (A) d’une part, qui commence après l’année d’imposition qui comprend le moment donné, (B) d’autre part, pour laquelle la période normale de nouvelle cotisation du contribuable, déterminée selon le paragraphe 152(3.1), se termine au moins 120 jours après le moment où le crédit de taxe sur les intrants a été demandé; b) si le montant est demandé à titre de remboursement relativement à la taxe sur les produits et services, au moment où il a été reçu ou crédité. Remboursement de la taxe sur les intrants du Québec et autre remboursement (16.1) Pour l’application des dispositions de la présente loi, à l’exception du présent paragraphe et du paragraphe 6(8), le montant qu’un contribuable a demandé à titre de remboursement de la taxe sur les intrants ou de remboursement relativement à la taxe de vente du Québec relativement à un bien ou à un service est réputé constituer un montant d’aide qui reçoit d’un gouvernement relativement au bien ou au service : a) s’il a demandé le montant à titre de remboursement de la taxe sur les intrants dans une déclaration produite en application de la Loi sur la taxe de vente du Québec, L.R.Q., c. T-0.1, pour une période de déclaration prévue par cette loi : (i) au moment donné qui est le moment où la taxe de vente du Québec relative au remboursement de la taxe sur les intrants a été payée, soit le (B) if, Application of subsection (16) to certain vehicles and aircraft moment où cette taxe est devenue à payer, le premier en date étant à retenir, si, selon le cas : (A) le moment donné fait partie de la période de déclaration, (B) les conditions ci-après sont réunies : (I) le montant déterminant du contribuable, calculé conformément à l’article 462 de cette loi, s’établit à plus de 500 000 $ pour son exercice, au sens de cette loi, qui comprend le moment donné, (II) le contribuable a demandé le remboursement de la taxe sur les intrants au moins 120 jours avant la fin de sa période normale de nouvelle cotisation, déterminée selon le paragraphe 152(3.1), pour l’année d’imposition qui comprend le moment donné, (iii) à la fin de la période de déclaration, si, à la fois : (A) le sous-alinéa (i) ne s’applique pas, (B) le montant déterminant du contribuable, calculé conformément à l’article 462 de cette loi, s’établit à 500 000 $ ou moins pour son exercice, au sens de cette loi, qui comprend le moment donné, (iii) dans les autres cas, le dernier jour de la plus ancienne année d’imposition du contribuable : (A) d’une part, qui commence après l’année d’imposition qui comprend le moment donné, (B) d’autre part, pour laquelle la période normale de nouvelle cotisation du contribuable, déterminée selon le paragraphe 152(3.1), se termine au moins 120 jours après le moment où le remboursement de la taxe sur les intrants a été demandé; b) si le montant est demandé à titre de remboursement relativement à la taxe de vente du Québec, au moment où il a été reçu ou crédité. Application du paragraphe (16) — voitures et aéronefs
Si le crédit de taxe sur les intrants d’un contribuable en vertu de la partie IX de la Loi sur la taxe d’accise visant une voiture de tourisme, une voiture de tourisme zéro émission ou un aéronef est calculé compte tenu du paragraphe 202(4) de cette loi, les sous-alinéas (16)a)(i) à (iii) sont réputés, pour ce qui est de leur application à la voiture ou à l’aéronef, avoir le libellé suivant : Application of subsection (16.1) to certain vehicles and aircraft When property available for use Partition of property Remboursement de la taxe sur les intrants du Québec au moment de la cotisation (17.3) Le montant au titre d’un remboursement de la taxe sur les intrants qui est réputé par l’article 30.5 de la Loi sur l’administration fiscale, L.R.Q., ch. A-6.002, avoir été demandé est réputé avoir été ainsi demandé pour la période de déclaration, prévue par la Loi sur la taxe de vente du Québec, L.R.Q., ch. T-0.1, qui comprend le jour où est établie à l’égard du contribuable une cotisation indiquant que le remboursement a été affecté aux termes de cet article. Taxe sur les produits et services : remboursement du crédit de taxe sur les intrants
Pour l’application de la présente loi, le montant qui est ajouté, à un moment donné, dans le calcul de la taxe nette d’un contribuable en vertu de la partie IX de la Loi sur la taxe d’accise relativement à un crédit de taxe sur les intrants lié à un bien ou à un service qui a déjà été déduit dans le calcul de ladite taxe nette est réputé être un montant d’aide remboursé à ce moment relativement au bien ou au service conformément à une obligation légale de rembourser tout ou partie de ce montant d’aide. Restitution du remboursement de la taxe sur les intrants du Québec (18.1) Pour l’application de la présente loi, la somme qui est ajoutée, à un moment donné, dans le calcul de la taxe nette d’un contribuable en vertu de la Loi sur la taxe de vente du Québec, L.R.Q., ch. T-0.1, au titre d’un remboursement de la taxe sur les intrants relatif à un bien ou à un service qui avait déjà été déduit dans le calcul de ladite taxe nette du contribuable est réputée être un montant d’aide qui a été restitué à ce moment relativement au bien ou au service en exécution d’une obligation légale de rembourser tout ou partie de ce montant d’aide. Biens prêts à être mis en service
Sauf disposition contraire, un bien est considéré comme devenu prêt à être mis en service pour l’application de la présente loi au moment où il est devenu prêt à l’être pour l’application du paragraphe 13(26), ou serait prêt à l’être s’il s’agissait d’un bien amortissable. Partage de biens
Sous réserve des paragraphes (21) à (23) et pour l’application de la présente loi, dans le cas où un bien est la propriété de plusieurs personnes et fait l’objet d’un partage à un moment donné, les règles ci-après s’appliquent malgré les effets rétroactifs ou déclaratoires d’un tel partage : a) chacune de ces personnes qui avait un intérêt ou, pour l’application du droit civil, un droit sur le bien Income Tax PART XVII Interpretation
Subdivision of property Impôt sur le revenu
(appelé « intérêt » ou « droit », selon le cas, au présent paragraphe et au paragraphe (21)) immédiatement avant ce moment est réputée ne pas avoir disposé, à ce moment, de la fraction de l’intérêt ou du droit, ne dépassant pas un, représentée par le rapport entre la juste valeur marchande de l’intérêt ou du droit immédiatement après ce moment et sa juste valeur marchande immédiatement avant, b) chacune de ces personnes qui a un intérêt ou un droit sur le bien immédiatement après ce moment est réputée ne pas avoir acquis, à ce moment, la fraction de l’intérêt ou du droit représentée par le rapport entre la juste valeur marchande de l’intérêt ou du droit immédiatement avant ce moment et sa juste valeur marchande immédiatement après; c) chacune de ces personnes qui avait un intérêt ou un droit sur le bien immédiatement avant ce moment est réputée avoir eu, jusqu’à ce moment, la fraction de l’intérêt ou du droit à laquelle l’alinéa b) ne s’applique pas et en avoir disposé à ce moment; d) chacune de ces personnes qui a un intérêt ou un droit sur le bien immédiatement après ce moment est réputée ne pas avoir eu, avant ce moment, la fraction de l’intérêt ou du droit à laquelle l’alinéa b) ne s’applique pas et l’avoir acquis à ce moment; e) les alinéas a) à d) ne s’appliquent pas s’il s’agit d’un intérêt ou d’un droit sur un bien tangible fongible ou, pour l’application du droit civil, d’un bien corporel fongible figurant à l’inventaire de la personne. Pour l’application du présent paragraphe, la juste valeur marchande, à un moment donné, d’un intérêt ou d’un droit sur le bien qui est un intérêt ou un droit indivis est réputée être égale à la multiplication de la juste valeur marchande du bien à ce moment par le rapport entre cet intérêt ou ce droit et tous les intérêts ou droits indivis sur le bien. Lotissement de biens
Lorsqu’un bien qui est la propriété de plusieurs personnes fait l’objet d’un partage entre ces personnes et que chacune de ces personnes a sur le bien, par suite du partage, un nouvel intérêt ou nouveau droit dont la juste valeur marchande immédiatement après le partage, exprimée en pourcentage de la juste valeur marchande de tous les nouveaux intérêts ou droits sur le bien immédiatement après le partage, est égale à la juste valeur marchande de l’intérêt ou du droit indivis de cette personne immédiatement avant le partage, exprimée en pourcentage de la juste valeur marchande de tous les intérêts ou Dissolution of a matrimonial regime cette personne est réputée, pour l’application de la présente loi, avoir transféré le bien à son époux ou conjoint de fait immédiatement avant la dissolution. Transfert après le décès (23.1) Dans le cas où, en application des lois d’une province concernant l’intérêt ou le droit des époux ou conjoints de fait sur des biens, découlant du mariage ou de l’union de fait, un bien est, après le décès d’un contribuable : a) soit transféré ou distribué à la personne qui était l’époux ou le conjoint de fait du contribuable au moment du décès de celui-ci, ou acquis par cette personne, le bien est réputé avoir été ainsi transféré, distribué ou acquis, selon le cas, par suite de ce décès; b) soit transféré ou distribué à la succession du contribuable, ou acquis par celle-ci, le bien est réputé avoir été ainsi transféré, distribué ou acquis, selon le cas, immédiatement avant le moment immédiatement avant le décès. Méthodes comptables
Il est entendu que, sauf si expressément requis, la méthode de comptabilité à la valeur de consolidation et la consolidation ne peuvent être utilisées pour calculer un montant en application de la présente loi. Droit de bénéficiaire
Les règles suivantes s’appliquent dans le cadre de la présente loi : a) comptent parmi les personnes ou sociétés de personnes ayant un droit de bénéficiaire dans une fiducie donnée celles qui ont le droit — immédiat ou futur, conditionnel ou non, ou soumis ou non à l’exercice d’un pouvoir discrétionnaire par une personne ou une société de personnes — à titre de bénéficiaire d’une fiducie de recevoir tout ou partie du revenu ou du capital de la fiducie donnée, soit directement de celle-ci, soit indirectement par l’intermédiaire d’une ou de plusieurs autres fiducies ou sociétés de personnes; b) sauf pour l’application du présent alinéa, une personne ou société de personnes donnée est réputée avoir un droit de bénéficiaire dans une fiducie à un moment donné dans les cas où, à la fois : (i) la personne ou société de personnes donnée n’a pas de droit de bénéficiaire dans la fiducie à ce moment, --- (ii) en raison des modalités de la fiducie ou de tout arrangement la concernant à ce moment, la personne ou société de personnes donnée pourrait acquérir un droit de bénéficiaire dans la fiducie à ce moment ou ultérieurement en raison de l’exercice d’un pouvoir discrétionnaire par une personne ou une société de personnes, (iii) à ce moment ou antérieurement, selon le cas : (A) la fiducie a acquis un bien, directement ou indirectement, de quelque manière que ce soit, de l’une des entités suivantes : (I) la personne ou société de personnes donnée, (II) une autre personne ayant un lien de dépendance avec la personne ou société de personnes donnée ou avec un associé de cette dernière, (III) une personne ou une société de personnes ayant un lien de dépendance avec l’autre personne visée à la subdivision (II), (IV) une société étrangère affiliée contrôlée de la personne donnée ou d’une autre personne ayant un lien de dépendance avec la personne ou société de personnes donnée ou avec un associé de cette dernière, (V) une société non-résidente qui serait une société étrangère affiliée contrôlée de la société de personnes donnée si cette dernière était une société résidant au Canada, (B) une personne ou une société de personnes visée à l’une des subdivisions (A)(I) à (V) a donné une garantie au nom de la fiducie ou a fourni à celle-ci quelque autre soutien financier; c) l’associé d’une société de personnes qui a un droit de bénéficiaire dans une fiducie est réputé avoir un tel droit dans la fiducie. Transferts entre fiducies (25.1) Lorsqu’une fiducie donnée transfère un bien à une autre fiducie (sauf une fiducie régie par un régime enregistré d’épargne-retraite ou par un fonds enregistré de revenu de retraite) dans les circonstances visées à l’alinéa f) de la définition de disposition au paragraphe (1), sans qu’en soient atteintes les obligations personnelles fiscales des fiduciaires des fiducies aux termes de la présente loi ou l’application du paragraphe 104(5.8), les règles ci-après s’appliquent : Trusts to ensure obligations fulfilled a) l’autre fiducie est réputée, après le transfert, être la même fiducie que la fiducie donnée et en être la continuation; b) il est entendu que, si par suite d’une opération ou d’un événement, le bien était réputé être un bien canadien imposable de la fiducie donnée en vertu des alinéas 51(1)f), 85(1)i) ou 85.1(1)a), du paragraphe 85.1(5), de l’alinéa 85.1(8)b), des paragraphes 87(4) ou (5) ou des alinéas 97(2)c) ou 107.3(1)d), le bien est également réputé être un bien canadien imposable de l’autre fiducie à tout moment de la période de 60 mois suivant l’opération ou l’événement. Exécution des obligations (25.2) Sauf pour l’application du présent paragraphe, lorsqu’un bien est transféré à une fiducie dans les circonstances visées à l’alinéa k) de la définition de disposition au paragraphe (1), la fiducie est réputée être, par rapport au bien, le mandataire du cédant tout au long de la période commençant au moment du transfert et se terminant au moment, postérieur au transfert, où la propriété effective du bien change pour la première fois. Coût de participation dans une fiducie (25.3) Le coût, pour un contribuable, d’une unité particulière d’une fiducie est réputé être égal à la somme visée à l’alinéa a) si les conditions suivantes sont réunies : a) la fiducie émet l’unité directement au contribuable en règlement du droit d’exiger d’elle le versement d’une somme payable au titre de la participation du contribuable à son capital; b) au moment de l’émission de l’unité, la fiducie n’est ni une fiducie personnelle ni une fiducie visée par règlement pour l’application du paragraphe 107(2); c) selon le cas : (i) l’unité est une immobilisation et la somme ne représente pas le produit de disposition d’une participation au capital de la fiducie, (ii) l’unité n’est pas une immobilisation et le sous-alinéa 53(2)h)(i.1) ne s’applique pas à la somme visée à l’alinéa a), mais s’y appliquerait si l’alinéa était lu sans tenir compte des divisions 53(2)h)(i.1)(A) et (B). Acquisition par un tiers du droit d’exiger le versement d’une somme (25.4) Dans le cas où la participation d’un contribuable au capital d’une fiducie comprend, à un moment donné, Debt obligations Parts of debt obligations
For greater certainty, le droit d’exiger de celle-ci le versement d’une somme, la somme doit être ajoutée, à ce moment, au coût de la participation pour le contribuable, déterminé par ailleurs, si les conditions suivantes sont réunies : a) immédiatement après le moment donné, le contribuable dispose de la participation; b) par suite de la disposition, le droit en question est acquis par une autre personne ou société de personnes; c) s’il avait été réglé au moyen du versement, par la fiducie, d’une somme au contribuable, le droit en question n’aurait pas fait l’objet d’une disposition pour l’application de la présente loi en raison de l’application de l’alinéa i) de la définition de disposition au paragraphe (1). Créances
Il est entendu que, dans le cas où une personne ou une société de personnes (appelées « débiteur » au présent paragraphe) devient obligée, à un moment donné, de rembourser de l’argent qu’elle a emprunté ou de payer un montant (sauf des intérêts) soit en contrepartie d’un bien qu’elle a acquis ou de services qui lui ont été rendus, soit qui est déductible dans le calcul de son revenu, l’obligation est considérée, pour l’application des dispositions de la présente loi concernant le traitement du débiteur par rapport à l’obligation, comme une obligation émise à ce moment donné par le débiteur, dont le principal est égal au montant alors à rembourser ou à payer. Parties de créances
Il est entendu que : a) sauf indication contraire du contexte, une dette émise par un débiteur comprend toute partie d’une dette plus importante qu’il a émise; b) le principal de cette partie de dette est considéré comme égal à la fraction du principal de la dette plus importante qui se rapporte à cette partie; c) le montant pour lequel cette partie de dette a été émise est considéré comme égal à la fraction — qui se rapporte à cette partie — du montant pour lequel la dette plus importante a été émise. Repayment of limited-recourse debt exceeds (ii) the total of exceeds (ii) the total of Non-arm’s length transaction (B) le montant admissible de toutes les autres contributions monétaires réputées par le présent alinéa avoir été faites avant ce moment relativement à la contribution initiale. Juste valeur marchande réputée
Pour l’application du paragraphe (31), de l’alinéa 69(1)b) et des paragraphes 110.1(2.1) et (3) et 118.1(5.4), (6) et (13.2), la juste valeur marchande du bien qui fait l’objet d’un don à un donataire reconnu est réputée correspondre à sa juste valeur marchande, déterminée par ailleurs ou, si elle est moins élevée, à son coût ou, s’il s’agit d’une immobilisation, à son prix de base rajusté ou, s’il s’agit d’une police d’assurance-vie relativement à laquelle le contribuable est un titulaire de police, à son coût de base rajusté (au sens du paragraphe 148(9)), pour le contribuable immédiatement avant que le don soit fait, si l’un des cas ci-après se vérifie : a) le contribuable a acquis le bien dans le cadre d’un arrangement de don qui est un abri fiscal au sens du paragraphe 237.1(1); b) sauf si le don est fait par suite du décès du contribuable : (i) soit le contribuable a acquis le bien moins de trois ans avant la date du don, (ii) soit le contribuable a acquis le bien moins de dix ans avant la date du don et il est raisonnable de conclure que, au moment où le contribuable a acquis le bien, l’une des principales raisons pour lesquelles le bien a été acquis était d’en faire don à un donataire reconnu. Opérations avec lien de dépendance
Si un contribuable a acquis, autrement que par suite du décès d’un particulier, un bien qui fait l’objet d’un don auquel s’applique le paragraphe (35) par l’effet de ses sous-alinéas b)(i) ou (ii) et que le bien a été, au cours de la période de trois ans ou de dix ans, respectivement, qui se termine au moment où le don est fait, acquis par une personne ou société de personnes avec laquelle le contribuable a un lien de dépendance, le coût ou, s’il s’agit d’une immobilisation, son prix de base rajusté, immédiatement avant le don est réputé, pour l’application du paragraphe (35) au contribuable, être égal au montant le plus faible qui correspond au coût du bien ou, s’il s’agit d’une immobilisation, à son prix de base rajusté, pour le contribuable ou pour une personne ou société de personnes, immédiatement avant que la personne ou la société de personnes en dispose. Non-application of subsection (35) (a) of inventory; (d) of property to which paragraph 38(a.1) or (a.2) applies; (e) of a share of the capital stock of a corporation if Non-application du paragraphe (35)
Le paragraphe (35) ne s’applique pas aux dons suivants : a) les dons d’inventaire; b) les dons de biens immeubles ou réels situés au Canada; c) les dons d’objets visés au sous-alinéa 39(1)a)(i.1), à l’exception d’objets acquis dans le cadre d’un arrangement de don, au sens du paragraphe 237.1(1), qui est un abri fiscal; d) les dons de biens auxquels l’alinéa 38a.1) ou a.2) s’applique; e) les dons d’actions du capital-actions d’une société dans le cas où, à la fois : (i) l’action a été émise par la société au donateur, (ii) immédiatement avant le don, la société était contrôlée par le donateur, par une personne qui lui est liée ou par un groupe de personnes dont chacune est liée au donateur, (iii) le paragraphe (35) ne serait pas appliqué relativement à la contrepartie pour laquelle l’action a été émise si, au moment du don de l’action, cette contrepartie avait fait l’objet d’un don par le donateur au donataire reconnu; f) les dons de biens par une société dans le cas où, à la fois : (i) le bien a été acquis par la société dans les circonstances visées aux paragraphes 85(1) ou (2), (ii) immédiatement avant le don, l’actionnaire dont la société a acquis le bien contrôlait la société ou était lié à une personne ou à chaque membre d’un groupe de personnes qui la contrôlait, (iii) le paragraphe (35) ne serait pas appliqué relativement au bien si le bien n’avait pas été transféré à la société et si, au moment où la société a fait le don, l’actionnaire avait fait le don au donataire reconnu; g) les dons de biens acquis dans les circonstances visées aux paragraphes 70(6) ou (9) ou 73(1), (3) ou (4), sauf dans le cas où le paragraphe (36) s’appliquerait s’il n’était pas tenu compte du présent alinéa. Artificial transactions (c) [Repealed, 2016, c. 12, s. 63] Inter-charity gifts Information not provided (c) ceases to be resident in Canada. References to calendar year References to certain taxation years and fiscal periods Fiscal period exceeding 365 days Sens de année d’imposition 249 (1) Dans la présente loi, sauf disposition contraire expresse, l’année d’imposition correspond : a) dans le cas d’une société de personnes résidant au Canada ou d’une société, à l’exercice; b) dans le cas d’une succession assujettie à l’imposition à taux progressifs, à la période pour laquelle les comptes de la succession sont arrêtés pour l’établissement de la cotisation en vertu de la présente loi; c) dans les autres cas, à l’année civile. Mention d’une année civile (1.1) La mention d’une année d’imposition par rapport à une année civile vise l’année d’imposition ou les années d’imposition qui coïncident avec cette année civile ou se terminent dans cette année. Mention de certaines années d’imposition et de certains exercices
Pour l’application de la présente loi : a) la mention d’une année d’imposition se terminant au cours d’une autre année vaut mention d’une année d’imposition dont la fin coïncide avec celle de cette autre année; b) la mention d’un exercice se terminant au cours d’une année d’imposition vaut mention d’un exercice dont la fin coïncide avec celle de cette année. Exercice comptant plus de 365 jours
Lorsque l’exercice d’une société compte plus de 365 jours et que, de ce fait, celle-ci n’a pas d’année d’imposition qui se termine dans une année civile donnée, les règles ci-après s’appliquent : a) la première année d’imposition de la société qui se terminerait par ailleurs dans l’année civile subséquente est réputée, pour l’application de la présente loi, se terminer le dernier jour de l’année civile donnée et son année d’imposition suivante est réputée commencer le premier jour de l’année civile subséquente; Year end on status change b) le premier exercice de la société qui se terminerait par ailleurs dans l’année civile subséquente est réputé, pour l’application de la présente loi, se terminer le dernier jour de l’année civile donnée et son exercice suivant est réputé commencer le premier jour de l’année civile subséquente. Fin d’année — changement de statut (3.1) Si, à un moment donné, une société devient ou cesse d’être une société privée sous contrôle canadien, ou cesse de l’être, autrement qu’en raison d’une acquisition de contrôle à laquelle le paragraphe (4) s’appliquerait en l’absence du présent paragraphe, les règles suivantes s’appliquent : a) sous réserve de l’alinéa c), l’année d’imposition de la société qui comprendrait ce moment en l’absence du présent paragraphe est réputée prendre fin immédiatement avant ce moment; b) une nouvelle année d’imposition de la société est réputée commencer à ce moment; c) malgré les paragraphes (1) et (3), l’année d’imposition de la société qui, en l’absence de l’effet du présent paragraphe, aurait été sa dernière année d’imposition se terminant avant ce moment est réputée se terminer immédiatement avant ce moment dans le cas où, à la fois : (i) en l’absence du présent alinéa, cette année d’imposition aurait pris fin dans la période de sept jours ayant pris fin immédiatement avant ce moment autrement que par l’effet de l’alinéa 128(1)d), de l’article 128.1 et des alinéas 142.6(1)a) ou 149(10)a), (ii) au cours de cette période de sept jours, aucune personne ni aucun groupe de personnes n’a acquis le contrôle de la société, et celle-ci n’est pas devenue une société privée sous contrôle canadien ni cessé de l’être, (iii) la société fait le choix de se prévaloir du présent alinéa dans sa déclaration de revenu en vertu de la partie I pour cette année d’imposition; d) pour déterminer l’exercice de la société après ce moment, la société est réputée ne pas avoir fixé d’exercice avant ce moment. Fait lié à la restriction de pertes — fin d’année
Si un contribuable est assujetti à un fait lié à la restriction de pertes à un moment donné (sauf s’il s’agit d’une société étrangère affiliée, d’un contribuable résident au Canada, qui n’a pas exploité d’entreprise au Canada, (b) if the particular trust exists at the particular time, Canada au cours de sa dernière année d’imposition commençant avant ce moment), les règles ci-après s’appliquent dans le cadre de la présente loi : a) sous réserve de l’alinéa b), l’année d’imposition du contribuable qui, en l’absence du présent alinéa, aurait compris ce moment est réputée se terminer immédiatement avant ce moment, une nouvelle année d’imposition du contribuable est réputée commencer à ce moment et, pour ce qui est d’établir l’exercice du contribuable après ce moment, celui-ci est réputé ne pas avoir établi d’exercice avant ce moment; b) sous réserve de l’alinéa 128(1)d), de l’article 128.1 et des alinéas 142.6(1)a) et 149(10)a) et malgré les paragraphes (1) et (3), si le contribuable est une société, son année d’imposition qui, en l’absence du présent paragraphe, aurait été sa dernière année d’imposition ayant pris fin avant ce moment et qui, en l’absence du présent alinéa, aurait pris fin dans la période de sept jours ayant pris fin immédiatement avant ce moment est réputée, sauf si le contribuable est assujetti à un fait lié à la restriction de pertes au cours de cette période, se terminer immédiatement avant ce moment, pourvu que le contribuable fasse un choix en ce sens dans la déclaration de son revenu en vertu de la partie I pour cette année. Fiducies — passage de l’impôt progressif à l’impôt uniforme (4.1) Les règles ci-après s’appliquent à une fiducie donnée qui est une fiducie testamentaire : a) son année d’imposition qui comprend autrement un moment donné est réputée prendre fin immédiatement avant ce moment dans les cas suivants : (i) la fiducie est une succession et le moment donné est le premier moment après 2015 où elle n’est pas une succession assujettie à l’imposition à taux progressif, (ii) la fiducie n’est pas une succession et le moment donné est immédiatement après 2015; b) si la fiducie donnée existe au moment donné : (i) une nouvelle année d’imposition de la fiducie donnée est réputée commencer au moment donné, (ii) pour déterminer l’exercice de la fiducie donnée après le moment donné, celle-ci est réputée ne pas avoir fixé d’exercice avant ce moment.
[Repealed, 2014, c. 39, s. 72] [NOTE: Application provisions are not included in the consolidated text; see relevant amendments and regulations: R.S., 1985, c. 1 (5th Supp.), s. 249; 1994, c. 7, Sch. II, s. 199; c. 21, s. 105; 1996, c. 3, s. 52; c. 21, s. 60; 2007, c. 2, s. 82; c. 29, s. 29; 2013, c. 34, s. 359; c. 40, s. 90; 2014, c. 39, s. 72; 2016, c. 12, s. 64.] Definition of fiscal period (d) in any other case, more than 12 months after the period began, Subsequent fiscal periods société de personnes à laquelle se applique le sous-alinéa (ii); c) dans le cas de l’exercice d’une société de personnes, à l’exception de celle à laquelle se applique le sous-alinéa b)(ii) ou le paragraphe (9), qui est un associé d’une société de personnes ou dont l’un des associés est une société de personnes, au-delà de la fin de l’année civile où l’exercice a commencé si, à la fin de cette année civile : (i) une société a une participation importante, au sens de l’article 34.2, dans la société de personnes, (ii) la société de personnes est un associé d’une autre société de personnes dans laquelle une société a une participation importante, au sens de l’article 34.2, (iii) une participation dans la société de personnes est détenue, directement ou par l’intermédiaire d’une ou de plusieurs sociétés de personnes, par une société de personnes visée à l’un des sous-alinéas (i) à (iii); d) dans les autres cas, au-delà de douze mois. Pour l’application du présent paragraphe, les activités d’une personne à laquelle se appliquent les articles 149 ou 149.1 sont réputées être une entreprise. Présomption
Pour l’application du sous-alinéa (1)b)(ii) et du paragraphe (4), la personne ou la société de personnes à laquelle aucune part du revenu ou de la perte d’une société de personnes pour un exercice de celle-ci ne reviendrait si l’exercice se terminait à la fin de l’année civile au cours de laquelle il a commencé est réputée ne pas être un associé de la société de personnes au cours de cet exercice. Exercices postérieurs
Lorsque l’exercice d’une entreprise ou d’un bien d’une personne ou d’une société de personnes prend fin à un moment donné, l’exercice subséquent de l’entreprise ou du bien de la personne ou de la société de personnes est réputé commencer immédiatement après ce moment. Autre méthode
L’alinéa (1)b) ne s’applique pas à l’exercice d’une entreprise exploitée, tout au long de la période qui a commencé au début de l’exercice et s’est terminée à la fin de where l’année civile dans laquelle l’exercice a commencé, soit par un particulier donné autrement qu’à titre d’associé d’une société de personnes, soit par un particulier à titre d’associé d’une société de personnes si, tout au long de cette période, chaque associé de la société de personnes est un particulier et la société de personnes n’est pas un associé d’une autre société de personnes, dans le cas où: a) s’agissant du particulier donné ou d’un particulier qui est un associé d’une société de personnes dont aucun associé n’est une succession assujettie à l’imposition à taux progressifs, le particulier fait un choix pour que l’alinéa (1)b) ne s’applique pas et présente le choix au ministre sur le formulaire prescrit, avec sa déclaration de revenu produite en vertu de la partie I, au plus tard à la date d’échéance de production qui lui est applicable pour l’année d’imposition qui comprend le premier jour du premier exercice de l’entreprise qui commence après 1994; b) s’agissant d’un particulier qui est un associé d’une société de personnes dont un des associés est une succession assujettie à l’imposition à taux progressifs, le particulier fait un choix pour que l’alinéa (1)b) ne s’applique pas et présente le choix au ministre sur le formulaire prescrit au plus tard à la première des dates d’échéance de production applicables aux associés de la société de personnes pour une année d’imposition qui comprend le premier jour du premier exercice de l’entreprise qui commence après 1994. Exception — abri fiscal déterminé
Le paragraphe (4) ne s’applique pas à l’exercice donné d’une entreprise dans le cas où, au cours d’un exercice antérieur ou tout au long de la période qui a commencé au début de l’exercice donné et s’est terminée à la fin de l’année civile dans laquelle cet exercice a commencé, les dépenses effectuées dans le cadre de l’exploitation de l’entreprise représentaient principalement le coût ou le coût en capital d’abris fiscaux déterminés, au sens du paragraphe 143.2(1)). Change of fiscal period Single-tier fiscal period alignment Révocation du choix
Le paragraphe (4) ne s’applique pas aux exercices d’une entreprise exploitée par un particulier qui commencent après le début d’une année d’imposition donnée du particulier, si, à la fois : a) le choix de révoquer le choix prévu au paragraphe (4) relativement à l’entreprise est présenté au ministre sur formulaire prescrit; b) le choix visant la révocation est présenté : (i) dans le cas d’un particulier qui n’est pas un associé d’une société de personnes ou qui est un associé d’une société de personnes dont aucun des associés n’est une succession assujettie à l’imposition à taux progressifs, par le particulier, avec sa déclaration de revenu produite en vertu de la partie I, au plus tard à la date d’échéance de production qui lui est applicable pour l’année donnée; (ii) dans le cas d’un particulier qui est un associé d’une société de personnes dont un des associés est une succession assujettie à l’imposition à taux progressifs, par le particulier au plus tard à la dernière en date des dates d’échéance de production applicables aux associés de la société de personnes pour une année d’imposition qui comprend le premier jour du premier exercice de l’entreprise qui commence après le début de l’année donnée. Changement d’exercice
Aucun changement ne peut être apporté au moment où un exercice se termine pour l’application de la présente loi sans l’assentiment du ministre. Alignement d’exercice — palier unique
Les associés d’une société de personnes dont l’un des exercices commence avant le 22 mars 2011 et prendrait fin après cette date s’il n’était pas tenu compte du présent paragraphe ni du paragraphe (10) peuvent faire un choix (appelé « choix d’alignement pour palier unique » au présent paragraphe et au paragraphe (10)) afin que cet exercice prenne fin à une date donnée qui est antérieure à la date où il prendrait fin autrement si les conditions ci-après sont réunies : a) chaque associé de la société de personnes est, à la date donnée, une société autre qu’une société professionnelle; b) la société de personnes n’est pas un associé d’une autre société de personnes à la date donnée; (f) subsection (10) applies to the single-tier alignment election. (c) subsection (10) applies to the multi-tier alignment election. When subsection (9) ceases to apply c) au moins un des associés de la société de personnes est, à la date donnée, une société qui a une participation importante, au sens de l’article 34.2, dans la société de personnes; d) au moins un des associés de la société de personnes visée à l’alinéa c) a une année d’imposition qui prend fin à une date qui diffère de celle où l’exercice de la société de personnes prendrait fin si n’était pas tenu compte du présent paragraphe ni du paragraphe (10); e) la date donnée est postérieure au 22 mars 2011 sans dépasser la date la plus tardive correspondant au dernier jour de la première année d’imposition se terminant après le 22 mars 2011 de toute société qui a été un associé de la société de personnes de façon continue depuis le 21 mars 2011; f) le paragraphe (10) s’applique au choix d’alignement pour palier unique. Alignement d’exercice — paliers multiples — choix unique
Les associés d’une société de personnes auxquels l’alinéa (1)c) s’appliquerait s’il n’était pas tenu compte du présent paragraphe peuvent collectivement choisir (appelé « choix d’alignement pour paliers multiples » au présent paragraphe et aux paragraphes (10) et (11)) afin qu’un exercice de la société de personnes prenne fin à une date donnée si les conditions ci-après sont réunies : a) par suite du choix d’alignement pour paliers multiples, l’exercice de la société de personnes et celui de chacune des autres sociétés de personnes qui sont visées par rapport à cette dernière à l’un des sous-alinéas (1)c)(ii) à (iv) prennent fin à la date donnée; b) la date donnée est antérieure au 22 mars 2012; c) le paragraphe (10) s’applique au choix d’alignement pour paliers multiples. Fin de l’application du paragraphe (9) (9.1) Si l’alinéa (1)c) ne s’est pas appliqué pour mettre fin à l’exercice d’une société de personnes au 31 décembre d’une année civile (appelée « année précédente » au présent paragraphe) parce que le paragraphe (9) s’applique à la société de personnes et à chacune des autres sociétés de personnes qui sont visées par rapport à cette dernière à l’un des sous-alinéas (1)c)(ii) à (iv) (appelées collectivement « sociétés de personnes faisant l’objet d’un alignement pour paliers multiples » et individuellement « société de personnes faisant l’objet d’un alignement pour paliers multiples » au présent paragraphe), les règles ci-après s’appliquent : Income Tax PART XVII Interpretation
Conditions to align a partnership fiscal period Impôt sur le revenu
a) le paragraphe (9) cesse de s’appliquer, dans le cadre de l’application de l’alinéa (1)c) à chacune des sociétés de personnes faisant l’objet d’un alignement pour paliers multiples, dans l’année civile qui suit l’année précédente (appelée « année courante » au présent paragraphe) si une autre société de personnes (appelée « nouvelle société » au présent paragraphe) devient dans l’année courante l’associé de l’une des sociétés de personnes faisant l’objet d’un alignement pour paliers multiples, ou l’une des sociétés de personnes faisant l’objet d’un alignement pour paliers multiples devient l’associé de la nouvelle société, sauf si : (i) l’exercice de la nouvelle société, et de chaque société de personnes décrite par rapport à la nouvelle société à l’un des sous-alinéas (1)c)(ii) à (iv), prend fin dans l’année courante le même jour que l’exercice de chacune des sociétés de personnes faisant l’objet d’un alignement pour paliers multiples; (ii) chaque associé (sauf les sociétés de personnes) de chacune des sociétés de personnes faisant l’objet d’un alignement pour paliers multiples — ou une filiale à cent pour cent d’un tel associé — est l’associé de la société de personnes faisant l’objet d’un alignement pour paliers multiples à partir de la fin du dernier exercice qui prend fin dans l’année précédente jusqu’au moment où la nouvelle société devient l’associé d’une société de personnes faisant l’objet d’un alignement pour paliers multiples, ou l’une des sociétés de personnes faisant l’objet d’un alignement pour paliers multiples devient l’associé de la nouvelle société, selon le cas; b) si l’alinéa a) ne s’applique pas parce que les conditions prévues aux sous-alinéas a)(i) et (ii) ont été remplies, la nouvelle société de personnes est réputée — pour l’application de l’alinéa (1)c) à chacune des sociétés de personnes faisant l’objet d’un alignement pour paliers multiples et de la nouvelle société de personnes dans l’année courante et les années postérieures — avoir fait le choix prévu au paragraphe (9). Conditions
Le présent paragraphe s’applique à un choix d’alignement pour palier unique ou à un choix d’alignement pour paliers multiples, selon le cas, visant une société de personnes si, à la fois : a) le document concernant le choix est présenté au ministre sur le formulaire prescrit : (i) s’agissant d’un choix d’alignement pour palier unique, par une société qui est un associé de la société de personnes au plus tard à la première des dates d’échéance de production applicables aux NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1996, c. 21, s. 61; 1998, c. 19, s. 240; 1999, c. 22, s. 43; 2001, c. 17, s. 189; 2011, c. 24, s. 73; 2013, c. 34, s. 360; 2014, c. 39, s. 73; 2017, c. 33, s. 25; 2023, c. 26, s. 74(F). sociétés associées de la société de personnes pour leur première année d’imposition se terminant après le 22 mars 2011, (iii) s’agissant d’un choix d’alignement pour paliers multiples : (A) par une société qui est un associé soit de la société de personnes, soit d’une société de personnes qui est visée par rapport à cette dernière à l’un des sous-alinéas (1)c)(ii) à (iv), (B) au plus tard à la première des dates d’échéance de production applicables aux sociétés associées d’une société de personnes visée à la division (A) pour leur première année d’imposition se terminant après le 22 mars 2011; b) par suite du choix, la durée de l’exercice de chaque société de personnes à laquelle le choix s’applique n’excède pas douze mois; c) le choix a été fait par une société qui est autorisée à agir au nom des associés de la société de personnes et de chacun des associés de toute autre société de personnes qui est visée par rapport à la société de personnes aux sous-alinéas (1)c)(ii) à (iv); d) aucun autre choix n’a été présenté au ministre en vue de mettre fin à l’exercice de la société de personnes ou de toute autre société de personnes qui est visée par rapport à la société de personnes aux sous-alinéas (1)c)(ii) à (iv), à une date autre que celle donnée avec les paragraphes (8) ou (9). Choix réputé – alignement pour paliers multiples
Pour l’application de la présente loi, si l’exercice d’une société de personnes prend fin le 31 décembre 2011 par l’effet de l’alinéa (1)c), le choix d’alignement pour paliers multiples prévu au paragraphe (9) est réputé avoir été fait de façon à mettre fin à l’exercice de la société de personnes à cette date. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 1996, ch. 21, art. 61; 1998, ch. 19, art. 240; 1999, ch. 22, art. 43; 2001, ch. 17, art. 189; 2011, ch. 24, art. 73; 2013, ch. 34, art. 360; 2014, ch. 39, art. 73; 2017, ch. 33, art. 25; 2023, ch. 26, art. 74(F). Personne réputée résider au Canada 250 (1) Pour l’application de la présente loi, une personne est réputée, sous réserve du paragraphe (2), avoir résidé au Canada tout au long d’une année d’imposition si : a) elle a séjourné au Canada au cours de l’année pendant une période ou des périodes dont l’ensemble est de 183 jours ou plus; (e) [Repealed, 1999, c. 22, s. 82(1)] Idem Ordinarily resident d’être membre du personnel scolaire des Forces canadiennes d’outre-mer est réputée avoir résidé au Canada tout au long de la partie de l’année qui a précédé ce moment et ses époux ou conjoints de fait et enfants qui, en application de l’alinéa (1)e) ou f), auraient été réputés, sans le présent paragraphe, avoir résidé au Canada tout au long de l’année sont réputés avoir résidé au Canada tout au long de cette partie d’année. Résident habituel
Dans la présente loi, la mention d’une personne résidant au Canada vise aussi une personne qui, au moment considéré, résidait habituellement au Canada. Société réputée résider au Canada
Pour l’application de la présente loi, une société est réputée avoir résidé au Canada tout au long d’une année d’imposition si : a) dans le cas d’une société constituée après le 27 avril 1965, elle a été constituée au Canada; b) dans le cas d’une société qui remplit les conditions suivantes : (i) elle a été constituée avant le 9 avril 1959, (ii) elle était, le 18 juin 1971, une société étrangère (au sens de l’article 71 de la Loi de l’impôt sur le revenu, chapitre 148 des Statuts révisés du Canada de 1952, dans sa version applicable à l’année d’imposition 1971), contrôlée par une société résidant au Canada, (iii) tout au long de la période de 10 ans se terminant le 18 juin 1971, elle a exploité une entreprise dans un pays étranger particulier, (iv) au cours de la période visée au sous-alinéa (iii), elle a payé à ses actionnaires résidant au Canada des dividendes sur lesquels ses actionnaires ont payé l’impôt au gouvernement du pays visé à ce sous-alinéa, elle a été constituée au Canada et à un moment donné au cours de l’année d’imposition ou à un moment donné au cours d’une année d’imposition antérieure commençant après 1971, elle a résidé au Canada ou a exploité une entreprise au Canada; c) dans le cas d’une société constituée avant le 27 avril 1965 (autre qu’une société à laquelle s’appliquent les sous-alinéas b)(i) à b)(iv)), elle a été constituée au Canada et à un moment donné au cours de l’année d’imposition ou au cours d’une année d’imposition antérieure de la société, terminée après le 26 avril 1965, elle a résidé au Canada ou y a exploité une entreprise. (a) the corporation (d) the corporation files an election in prescribed form and manner in respect of the year. Partner’s gross revenue Service providers (a) the relevant entity does not satisfy the condition in subparagraph (6)(a)(i), determined without reference to subsection (6.03); par une personne qui lui est liée ou par une société de personnes affiliée à elle n’est, à aucun moment de l’année, inférieure à 50 % du total des coûts indiqués, pour elle, de l’ensemble de ses biens; b) la totalité ou la presque totalité du revenu brut de la société pour l’année est composée d’un ou de plusieurs des éléments suivants : (i) le revenu brut provenant du transport maritime international, (ii) le revenu brut provenant d’une participation admissible qu’elle détient dans une entité admissible, (iii) les intérêts sur une créance due par une entité admissible dans laquelle une participation admissible est détenue par elle, par une personne qui lui est liée ou par une société de personnes affiliée à elle; c) des clauses de prorogation au Canada n’ont pas été accordées à la société avant la fin de l’année; d) la société fait un choix relativement à l’année sur le formulaire prescrit et selon les modalités réglementaires. Revenu brut d’un associé (6.01) Pour l’application de l’alinéa (6)b), le montant des bénéfices qu’une société de personnes attribue à son associé pour une année d’imposition est réputé être un revenu brut de l’associé provenant de sa participation dans la société de personnes pour l’année. Fournisseurs de services (6.02) Le paragraphe (6.03) s’applique à une société, à une fiducie ou à une société de personnes (appelées « entité intéressée » au présent paragraphe et au paragraphe (6.03)) pour une année d’imposition si les faits ci-après s’avèrent : a) l’entité intéressée ne remplit pas la condition énoncée au sous-alinéa (6)a)(i), déterminée compte non tenu du paragraphe (6.03); b) la totalité ou la presque totalité du revenu brut de l’entité intéressée pour l’année est composée d’un ou de plusieurs des éléments suivants : (i) le revenu brut provenant de la prestation de services à une ou plusieurs entités admissibles, sauf des services visés à un des alinéas a) à h) de la définition de transport maritime international au paragraphe 248(1), (ii) le revenu brut provenant du transport maritime international, Income Tax PART XIV Interpretation
(i) the relevant entity, Service providers Definitions Impôt sur le revenu
(iii) le revenu brut provenant du transport maritime international, (iv) le revenu brut provenant d’une participation admissible qu’elle détient dans une entité admissible, (iv) les intérêts sur une dette due par une entité admissible dans laquelle une participation admissible est détenue par elle ou par une personne qui lui est liée; c) soit l’entité intéressée est une filiale à cent pour cent, au sens du paragraphe 87(1.4), de l’entité admissible visée à l’alinéa b), soit une participation admissible dans chaque entité admissible visée à l’alinéa b) est détenue tout au long de l’année, selon le cas : (i) par l’entité intéressée, (ii) par une ou plusieurs personnes liées à l’entité intéressée (si l’entité intéressée et chacune de ces personnes est une société) ou, dans les autres cas, par des personnes ou sociétés de personnes affiliées à l’entité intéressée, (iii) par toute combinaison de l’entité intéressée et de personnes ou sociétés de personnes visées au sous-alinéa (ii); d) la totalité ou la presque totalité des actions du capital-actions de l’entité intéressée, ou des participations dans celle-ci, sont détenues, directement ou indirectement par l’entremise d’au moins une filiale à cent pour cent, au sens du paragraphe 87(1.4), tout au long de l’année par une ou plusieurs sociétés, fiducies ou sociétés de personnes qui seraient des entités admissibles si elles ne détenaient ni d’actions de l’entité intéressée ni de participations dans celle-ci. Fournisseurs de services (6.03) En cas d’application du présent paragraphe pour une année d’imposition, les règles ci-après s’appliquent au paragraphe (6) et aux alinéas 3(1)(c) et (c.1) : a) l’entreprise principale de l’entité intéressée au cours de l’année est réputée être le transport maritime international; b) le revenu brut visé au sous-alinéa (6.02)(b)(i) est réputé être un revenu brut provenant du transport maritime international. Définitions (6.04) Les définitions qui suivent s’appliquent au présent paragraphe et aux paragraphes (6) à (6.03). (i) it satisfies the conditions in subparagraph (6)(a)(i) or (ii), and (entité admissible) (a) the holder; Residence of inter vivos trusts
[Repealed, 2011, c. 24, s. 74]
Arm’s length a) soit le titulaire; b) si le titulaire est une société : (i) soit toute société liée au titulaire, (ii) soit toute personne, à l’exception d’une société, ou société de personnes affiliée au titulaire; c) si le titulaire n’est pas une société, toute personne ou société de personnes qui lui est affiliée. Résidence d’une fiducie non testamentaire (6.1) Pour l’application des dispositions de la présente loi qui s’appliquent à une fiducie pour une année d’imposition dans le cas où elle a résidé au Canada tout au long de l’année, la fiducie qui résidait au Canada juste avant de cesser d’exister est réputée résider au Canada tout au long de la période commençant au moment où elle a cessé d’exister et se terminant à la fin de l’année.
[Abrogé, 2011, ch. 24, art. 74] Année d’imposition et revenu d’une personne non résidente
a) que l’année d’imposition d’une personne non résidente est déterminée, sauf permission contraire du ministre, de la même manière que l’année d’imposition d’une personne résidant au Canada; b) que les personnes non résidentes comptent parmi les personnes dont le revenu pour une année d’imposition est déterminé conformément à la présente loi. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2001, ch. 17, art. 191. Lien de dépendance 251 (1) Pour l’application de la présente loi : a) des personnes liées sont réputées avoir entre elles un lien de dépendance; b) un contribuable et une fiducie personnelle (autre qu’une fiducie visée à l’un des alinéas a) à e.1) de la définition de fiducie au paragraphe 108(1)) sont réputés avoir entre eux un lien de dépendance dans le cas où le contribuable, ou une personne avec laquelle il a un lien, aurait un droit de bénéficiaire dans la fiducie si
c) dans les autres cas, la question de savoir si des personnes non liées entre elles n’ont aucun lien de dépendance à un moment donné est une question de fait. Définition de personnes liées
Pour l’application de la présente loi, sont des personnes liées ou des personnes liées entre elles : a) des particuliers unis par les liens du sang, du mariage, de l’union de fait ou de l’adoption; b) une société et : (i) une personne qui contrôle la société si cette dernière est contrôlée par une personne, (ii) une personne qui est membre d’un groupe lié qui contrôle la société, (iii) toute personne liée à une personne visée au sous-alinéa (i) ou (ii); c) deux sociétés : (i) si elles sont contrôlées par la même personne ou le même groupe de personnes, (ii) si chacune des sociétés est contrôlée par une personne et si la personne contrôlant l’une des sociétés est liée à la personne qui contrôle l’autre société, (iii) si l’une des sociétés est contrôlée par une personne et si cette personne est liée à un membre d’un groupe lié qui contrôle l’autre société, (iv) si l’une des sociétés est contrôlée par une personne et si cette personne est liée à chaque membre d’un groupe non lié qui contrôle l’autre société, (v) si l’un des membres d’un groupe lié contrôlant une des sociétés est lié à chaque membre d’un groupe non lié qui contrôle l’autre société, (vi) si chaque membre d’un groupe non lié contrôlant une des sociétés est lié à au moins un membre d’un groupe non lié qui contrôle l’autre société. Relation where amalgamation or merger [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 251; 1994, c. 7, Sch. II, s. 195; 1998, c. 19, s. 242; 2000, c. 12, s. 140; 2001, c. 17, s. 192; 2013, c. 34, s. 361. (d) a corporation and a partnership, if the corporation is controlled by a particular group of persons each Income Tax PART XVII Interpretation
Affiliation where amalgamation or merger Impôt sur le revenu
majoritaire de la société de personnes, et chaque membre de ce groupe d’associés est affilié à au moins un membre de l’autre groupe; e) une société de personnes et un associé détenant une participation majoritaire de la société de personnes; f) deux sociétés de personnes, si, selon le cas : (i) l’associé détenant une participation majoritaire de chacune est la même personne, (ii) l’associé détenant une participation majoritaire de l’une est affilié à chaque membre d’un groupe d’associés détenant une participation majoritaire de l’autre, (iii) chaque membre d’un groupe d’associés détenant une participation majoritaire de l’une est affilié à au moins un membre d’un groupe d’associés détenant une participation majoritaire de l’autre; g) une personne et une fiducie, si la personne, selon le cas : (i) est un bénéficiaire détenant une participation majoritaire de la fiducie, (ii) serait affiliée à un bénéficiaire détenant une participation majoritaire de la fiducie en l’absence du présent alinéa; h) deux fiducies, si un cotisant de l’une est affilié à un cotisant de l’autre et si, selon le cas : (i) un bénéficiaire détenant une participation majoritaire de l’une est affilié à un bénéficiaire détenant une participation majoritaire de l’autre, (ii) un bénéficiaire détenant une participation majoritaire de l’une est affilié à chaque membre d’un groupe de bénéficiaires détenant une participation majoritaire de l’autre, (iii) chaque membre d’un groupe de bénéficiaires détenant une participation majoritaire de l’une est affilié à au moins un membre d’un groupe de bénéficiaires détenant une participation majoritaire de l’autre fiducie. Affiliation en cas de fusion ou d’unification
Chaque société remplacée par la nouvelle société issue d’une fusion ou d’une unification est réputée affiliée à cette dernière dans le cas où elle l’aurait été avant la fusion ou l’unification si, à la fois : Definitions controlled means controlled, directly or indirectly in any manner whatever. (contrôlé) a) la nouvelle société avait existé immédiatement avant la fusion ou l’unification; b) les personnes qui sont des actionnaires de la nouvelle société immédiatement après la fusion ou l’unification avaient été ses actionnaires avant cette fusion ou unification. Définitions
Les définitions qui suivent s’appliquent au présent article. bénéficiaire Sont comprises parmi les bénéficiaires d’une fiducie les personnes ayant un droit de bénéficiaire dans la fiducie. (beneficiary) bénéficiaire détenant une participation majoritaire En ce qui concerne une fiducie à un moment donné, personne à l’égard de laquelle l’un des faits suivants se vérifie à ce moment : a) la juste valeur marchande totale de sa participation, le cas échéant, à titre de bénéficiaire du revenu de la fiducie et des participations à titre de bénéficiaire du revenu de la fiducie des personnes auxquelles elle est affiliée excède 50 % de la juste valeur marchande de l’ensemble des participations à titre de bénéficiaire du revenu de la fiducie; b) la juste valeur marchande totale de sa participation, le cas échéant, à titre de bénéficiaire du capital de la fiducie et des participations à titre de bénéficiaire du capital de la fiducie des personnes auxquelles elle est affiliée excède 50 % de la juste valeur marchande de l’ensemble des participations à titre de bénéficiaire du capital de la fiducie. (majority-interest beneficiary) contrôlé Signifie contrôlé directement ou indirectement, de quelque manière que ce soit. (controlled) cotisant Personne qui effectue, à un moment donné, directement ou indirectement, de quelque manière que ce soit, un prêt ou un transfert de bien à une fiducie ou pour son compte, sauf s’il s’agit, dans le cas où la personne n’a aucun lien de dépendance avec la fiducie à ce moment et n’est pas, immédiatement après ce moment, un bénéficiaire détenant une participation majoritaire de la fiducie : a) d’un prêt consenti à un taux d’intérêt raisonnable; (groupe de bénéficiaires détenant une participation majoritaire) (groupe d’associés détenant une participation majoritaire) Interpretation (d) in determining whether a person is affiliated with a trust, b) d’un transfert effectué pour une contrepartie égale à la juste valeur marchande du bien transféré. (contributor) groupe d’associés détenant une participation majoritaire Quant à une société de personnes, groupe de personnes dont chacune a une participation dans la société de personnes de sorte que : a) d’une part, si une personne détenait les participations de l’ensemble des membres du groupe, cette personne serait un associé détenant une participation majoritaire de la société de personnes; b) d’autre part, si un des membres n’était pas membre du groupe, la condition énoncée à l’alinéa a) ne serait pas respectée. (majority-interest group of partners) groupe de bénéficiaires détenant une participation majoritaire En ce qui concerne une fiducie à un moment donné, groupe de personnes dont chacune est bénéficiaire de la fiducie à ce moment de sorte que, à la fois : a) si une seule personne détenait les participations de bénéficiaire de l’ensemble des membres du groupe, cette personne serait un bénéficiaire détenant une participation majoritaire de la fiducie; b) si un membre du groupe n’était pas membre du groupe, le critère énoncé à l’alinéa a) ne serait pas rempli. (majority-interest group of beneficiaries) groupe de personnes affiliées Groupe de personnes dont chaque membre est affilié à chaque autre membre. (affiliated group of persons) Interprétation
Pour l’application du présent article : a) les personnes sont affiliées à elles-mêmes; b) les sociétés de personnes sont assimilées à des personnes; c) malgré le paragraphe 104(1), la mention d’une fiducie ne vaut pas mention du fiduciaire ou d’autres personnes qui ont la propriété ou le contrôle des biens de la fiducie; d) lorsqu’il s’agit de déterminer si une personne est affiliée à une fiducie : (i) si le montant de revenu ou de capital de la fiducie qu’une personne peut recevoir à titre de bénéficiaire de la fiducie est fonction de l’exercice, par quiconque, d’un pouvoir equity value has the same meaning as in subsection 122.1(1). (valeur des capitaux propres)
bénéficiaire S’entend au sens du paragraphe 251.1(3). (beneficiary) bénéficiaire détenant une participation majoritaire S’entend au sens qu’il aurait au paragraphe 251.1(3), s’il n’était pas tenu compte de la mention «, le cas échéant, aux alinéas a) et b) de la définition de ce terme à ce paragraphe. (majority-interest beneficiary) capitaux propres S’entend au sens de capitaux propres au paragraphe 122.1(1), compte non tenu de l’alinéa e) de cette définition. (equity) droit déterminé Est un droit déterminé détenu à un moment donné par une personne relativement à une fiducie le droit prévu par un contrat, en vertu ou autrement, soit d’acquérir, dans l’immédiat ou pour l’avenir, conditionnellement ou non, un intérêt dans la fiducie, soit de faire racheter ou annuler par la fiducie cet intérêt acquis, à moins que le droit ne puisse être exercé à ce moment du fait que son exercice est conditionnel au décès, à la faillite ou à l’invalidité permanente d’un particulier. (specified right) fiducie de placement déterminée Est une fiducie de placement déterminée, à un moment donné, la fiducie qui, à la fois : a) tout au long de la période qui commence à la dernière en date du 21 mars 2013 et de la fin de l’année civile de son établissement et qui se termine au moment donné, est une fiducie ayant une catégorie d’unités en circulation qui est conforme aux conditions prévues aux fins de l’alinéa 132(6)c), compte non tenu de l’alinéa 4801b) du Règlement de l’impôt sur le revenu; b) tout au long de la période qui commence à la dernière en date du 21 mars 2013 et de sa date d’établissement et qui se termine au moment donné, est une fiducie à l’égard de laquelle les énoncés ci-après se vérifient : (i) elle réside au Canada, (ii) elle n’a pas de bénéficiaire qui, pour une raison quelconque, peut recevoir directement de la fiducie une partie du revenu ou du capital de celle-ci, sauf un bénéficiaire dont la participation à titre de bénéficiaire de la fiducie est une participation fixe qui est définie par rapport aux unités de celle-ci, (iii) elle suit une politique raisonnable en matière de diversification des placements, (iv) elle a pour seule activité d’investir ses fonds dans des biens, (v) elle ne contrôle pas, seule ou en tant que membre d’un groupe de personnes, de société, (vi) elle ne détient aucun des biens suivants : (A) un bien que la fiducie, ou une personne ayant un lien de dépendance avec elle, utilise pour l’exploitation d’une entreprise, (B) un bien immeuble ou réel, un intérêt sur un bien réel ou sur un immeuble ou un droit réel sur un immeuble, (C) un avoir minier canadien ou un avoir minier étranger, ou un intérêt ou un droit sur un avoir minier canadien ou sur un avoir minier étranger, (D) des titres, dans une proportion de plus de 20 %, d’une catégorie de titres d’une personne, à l’exception d’une fiducie de placement déterminée ou une société de placement à capital variable à l’égard de laquelle les énoncés contenus au présent alinéa, sauf au sous-alinéa (ii), se vérifieraient s’il s’agissait d’une fiducie, sauf si les faits ci-après s’avèrent à ce moment : (I) les titres, à l’exception du passif, de la personne qui sont détenus par la fiducie et un majority-interest beneficiary has the same meaning as in subsection 251.1(3) read without reference to the expression “, if any,” in the definition majority-interest beneficiary in that subsection. (bénéficiaires détenant une participation majoritaire) majority-interest group of beneficiaries has the same meaning as in subsection 251.1(3). (groupe de bénéficiaires détenant une participation majoritaire) majority-interest group of partners has the same meaning as in subsection 251.1(3). (groupe d’associés détenant une participation majoritaire) portfolio investment fund [Repealed, 2016, c. 12, s. 65] fonds de placement de portefeuille [Abrogé, 2016, ch. 12, art. 65] groupe d’associés détenant une participation majoritaire S’entend au sens du paragraphe 251.1(3). (majority-interest group of partners) groupe de bénéficiaires détenant une participation majoritaire S’entend au sens du paragraphe 251.1(3). (majority-interest group of beneficiaries) participation fixe Est une participation fixe d’une personne dans une fiducie, à un moment donné, la participation de la personne à titre de bénéficiaire de la fiducie Income Tax PART XVII Interpretation
Trusts — exceptions (i) the only consideration for the transfer is equity (determined without reference to paragraph (d) of the definition equity in subsection 122.1(1)) of the acquirer, (A) a subsidiary of any person, nor (i) avant ce moment, l’acquéreur ne détenait pas de biens ou ne détenait que des biens d’une valeur nominale, (iii) immédiatement après ce moment, l’acquéreur n’est : (A) ni une filiale d’une personne, (B) ni une société contrôlée directement ou indirectement, de quelque manière que ce soit, par une personne ou un groupe de personnes; d) du transfert, à un moment donné, de capitaux propres de la fiducie donnée à une société, une société de personnes ou une autre fiducie (appelées « acquéreur » au présent alinéa) si, à la fois : (i) immédiatement avant ce moment, une personne était un bénéficiaire détenant une participation majoritaire de la fiducie donnée ou un groupe de personnes était un groupe de bénéficiaires détenant une participation majoritaire de cette fiducie, (ii) immédiatement après ce moment, la personne ou le groupe de personnes, selon le cas, visé au sous-alinéa (i) relativement à la fiducie donnée n’a cessé, à aucun moment pendant une série d’opérations ou d’événements qui comprend le transfert, d’être une personne ou un groupe de personnes visé à l’une des divisions (ii)(A) à (C) relativement à l’acquéreur; (A) si l’acquéreur est une société, une personne ou un groupe de personnes qui contrôle la société directement ou indirectement, de quelque manière que ce soit, (B) s’il est une société de personnes, un associé détenant une participation majoritaire, ou un groupe d’associés détenant une participation majoritaire, de la société de personnes, (C) si c’est une fiducie, un bénéficiaire détenant une participation majoritaire, ou un groupe de bénéficiaires détenant une participation majoritaire, de la fiducie, (iii) la personne ou le groupe de personnes, selon le cas, visé au sous-alinéa (i) relativement à la fiducie donnée n’a cessé, à aucun moment pendant une série d’opérations ou d’événements qui comprend le transfert, d’être une personne ou un groupe de personnes visé à l’une des divisions (ii)(A) à (C) relativement à l’acquéreur; e) d’une opération (sauf une opération qu’une ou plusieurs des parties à celle-ci peuvent être dispensées de mener à terme en raison de modifications apportées à la présente loi) que les parties à celle-ci sont tenues de mener à terme en vertu d’une convention écrite conclue entre elles avant le 21 mars 2013; f) l’acquisition ou la disposition, à un moment donné, de capitaux de la fiducie donnée à l’égard de laquelle les énoncés ci-après se vérifient : (i) la fiducie donnée est une fiducie de placement déterminée immédiatement avant ce moment, (ii) l’acquisition ou la disposition n’est pas effectuée dans le cadre d’une série d’opérations ou d’événements qui comprend le fait que la fiducie donnée cesse d’être une fiducie de placement déterminée. Fiducies — autres cas
Pour l’application de l’alinéa (2)b) et sous réserve du paragraphe (3), une personne est réputée devenir, à un moment donné, un bénéficiaire détenant une participation majoritaire d’une fiducie donnée si les conditions ci-après sont réunies : a) une personne donnée est, au moment donné et immédiatement avant ce moment, bénéficiaire détenant une participation majoritaire de cette fiducie ou un membre d’un groupe de bénéficiaires détenant une participation majoritaire de cette fiducie et est, au moment donné mais non immédiatement avant ce moment, une filiale d’une autre personne (appelée « acquéreur » au présent alinéa) et aucun des énoncés ci-après ne se vérifie : (i) immédiatement avant le moment donné, l’acquéreur est affilié à la fiducie donnée, (ii) avant le moment donné, une personne a été réputée, en vertu du présent alinéa, devenir un bénéficiaire détenant une participation majoritaire de la fiducie donnée du fait qu’elle est devenue, dans le cadre d’une série d’opérations ou d’événements qui comprend son passage, au moment donné, à l’état de filiale de l’acquéreur, une filiale d’une autre personne qui est elle aussi une filiale de l’acquéreur à ce moment; b) plusieurs personnes acquièrent au moment donné, dans le cadre d’une série d’opérations ou d’événements, des capitaux propres de la fiducie donnée en échange ou lors du rachat ou de l’abandon de capitaux propres d’une société, d’une société de personnes ou d’une autre fiducie, ou par suite d’une distribution provenant d’une société, d’une société de personnes ou d’une autre fiducie et aucun des énoncés ci-après ne se vérifie : Trusts — time of day chaque personne doit être déterminée, à ce moment et immédiatement avant ce moment : (i) compte non tenu de la partie de cette juste valeur marchande qui est attribuable à un bien acquis, s’il est raisonnable de conclure que l’une des raisons de l’acquisition consiste à faire en sorte que l’alinéa (2)b), ou toute disposition qui s’applique du fait qu’une fiducie est assujettie à un fait lié à la restriction de pertes à un moment donné, ne s’applique pas, (ii) compte non tenu de la partie de cette juste valeur marchande qui est attribuable à un changement à la juste valeur marchande de tout ou partie des capitaux propres de la fiducie, s’il est raisonnable de conclure que l’une des raisons du changement consiste à faire en sorte que l’alinéa (2)b), ou toute disposition qui s’applique du fait qu’une fiducie est assujettie à un fait lié à la restriction de pertes à un moment donné, ne s’applique pas, (iii) comme si chaque droit déterminé détenu immédiatement avant ce moment par la personne donnée, ou par un membre du groupe donné, relativement à la fiducie était exercé à ce moment, s’il est raisonnable de conclure que l’une des raisons de l’acquisition du droit consiste à faire en sorte que l’alinéa (2)b), ou toute disposition qui s’applique du fait qu’une fiducie est assujettie à un fait lié à la restriction de pertes à un moment donné, ne s’applique pas; c) si, à un moment donné dans le cadre d’une série d’opérations ou d’événements, une personne acquiert un titre, au sens du paragraphe 122.1(1), et il est raisonnable de conclure que l’une des raisons de l’acquisition, ou de la conclusion d’un accord ou d’un engagement relatif à l’acquisition, consiste à faire en sorte qu’une condition visée au sous-alinéa b)(v) ou à la division b)(vi)(D) de la définition de fiducie de placement déterminée au paragraphe (1) se vérifie à un moment donné relativement à une fiducie, la condition est réputée ne pas être remplie au moment déterminé relativement à la fiducie; Fiducies — moment d’un jour
Pour l’application de la présente loi, la fiducie qui est assujettie à un fait lié à la restriction de pertes à un moment donné d’un jour est réputée être assujettie au fait dès le début de ce jour et non au moment donné, sauf si elle fait le choix de ne pas se prévaloir du présent paragraphe dans sa déclaration de revenu en vertu de la partie I pour son année d’imposition se terminant immédiatement avant le fait. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2013, c. 40, s. 92; 2014, c. 39, s. 75; 2016, c. 12, s. 65. (d) [Repealed, 2005, c. 33, s. 12] Income Tax PART XIV Interpretation
(d) a grandparent of a taxpayer include a person who is --- Impôt sur le revenu
e) le conjoint d’un enfant du contribuable. Liens de parenté
Dans la présente loi, les mots se rapportant : a) au père ou la mère d’un contribuable visent également les personnes suivantes : (i) celle dont le contribuable est l’enfant, (ii) celle dont le contribuable a déjà été l’enfant, au sens de l’alinéa (1)b), (iii) celle qui est le père ou la mère de l’époux ou conjoint de fait du contribuable; b) au frère d’un contribuable visent également les personnes suivantes : (i) le frère de l’époux ou conjoint de fait du contribuable, (ii) l’époux ou conjoint de fait de la sœur du contribuable; c) à la sœur d’un contribuable visent également les personnes suivantes : (i) la sœur de l’époux ou conjoint de fait du contribuable, (ii) l’époux ou conjoint de fait du frère du contribuable; d) au grand-père ou à la grand-mère d’un contribuable visent également les personnes suivantes : (i) le grand-père ou la grand-mère de l’époux ou conjoint de fait du contribuable, (ii) l’époux ou conjoint de fait du grand-père ou de la grand-mère du contribuable; e) à la tante ou à l’oncle d’un contribuable visent également l’époux ou le conjoint de fait de la tante ou de l’oncle du contribuable; f) à la grand-tante ou au grand-oncle d’un contribuable visent également l’époux ou le conjoint de fait de la grand-tante ou du grand-oncle du contribuable; g) à la nièce ou au neveu d’un contribuable visent également la nièce ou le neveu de l’époux ou conjoint de fait du contribuable.
[Repealed, 2000, c. 12, s. 141(2)] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 252; 1994, c. 7, Sch. II, s. 3; 1996, c. 21, s. 58; 2000, c. 12, s. 112; 1998, c. 19, s. 248; 2000, c. 12, ss. 141(1), (2); 2001, c. 5, s. 6; 2003, c. 15, s. 88; 2005, c. 33, s. 12; 2008, c. 28, s. 85; 2012, c. 31, ss. 51, 123; 2013, c. 34, s. 322; 2021, c. 23, s. 63.] (c) disposes of [NOTE: Application provisions are not included in the consolidated text: see relevant amending Acts and regulations; R.S., 1985, c. 1 (5th Supp.), s. 253; 1994, c. 7, Sch. II, s. 197; 2013, c. 34, s. 168.] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2001, c. 17, s. 193; 2007, c. 35, s. 124; 2008, c. 28, s. 36; 2009, c. 2, s. 77; 2012, c. 19, s. 377; 2013, c. 34, ss. 383, 426; 2016, c. 7, s. 49; 12, s. 86; 2019, c. 29, s. 44; 2022, c. 19, s. 58. Canada Definition of specified class (1.1) For the purposes of subsection 256(1), specified class means a class of shares of the capital stock of a corporation where, under the terms or conditions of the shares or any agreement in respect thereof, émises d’une catégorie, non exclue, du capital-actions de l’autre société; e) chaque membre du groupe lié qui contrôle l’une des deux sociétés, directement ou indirectement, de quelque manière que ce soit, est lié à tous les membres du groupe lié qui contrôle l’autre société, directement ou indirectement, de quelque manière que ce soit, et une ou plusieurs des personnes membres des deux groupes liés sont propriétaires, seuls ou ensemble, d’au moins 25 % des actions émises d’une catégorie, non exclue, du capital-actions de chaque société. Sens de catégorie exclue (1.1) Une catégorie d’actions du capital-actions d’une société est exclue pour l’application du paragraphe (1) si, à la fois, selon les caractéristiques des actions de cette catégorie ou selon une convention y relative : a) les actions ne sont ni convertibles ni échangeables; b) les actions ne confèrent pas de droit de vote; c) le montant de chaque dividende payable sur les actions est fonction d’un montant établi en fonction d’un pourcentage fixe de la juste valeur marchande de la contrepartie de l’émission des actions; d) le taux de dividende annuel sur les actions, exprimé en pourcentage de la juste valeur marchande de la contrepartie de l’émission des actions, ne peut en aucun cas excéder : (i) dans le cas où les actions sont émises avant 1984, le taux d’intérêt prescrit pour l’application du paragraphe 161(1) au moment de l’émission des actions, (ii) dans le cas où les actions sont émises après 1983, le taux d’intérêt prescrit au moment de l’émission des actions; e) le montant que l’actionnaire a le droit de recevoir au rachat, à l’acquisition ou à l’annulation des actions par la société ou par une personne avec laquelle elle a un lien de dépendance ne peut dépasser le total de la juste valeur marchande de la contrepartie de l’émission des actions et du montant des dividendes impayés sur les actions. Control, etc. (1.2) For the purposes of this subsection and subsections 256(1), 256(1.1) and 256(1.3) to 256(5), (i) [Repealed, 2014, c. 39, s. 76] Exception (b) a share of a specified class within the meaning of subsection 256(1.1)
For the purposes of (b) section 125, Exception (1.6) Pour l’application du paragraphe (1.2) et malgré le paragraphe (1.4), les actions visées à l’alinéa e) de la définition d’action privilégiée à terme, au paragraphe 248(1), pour la durée qui y est précisée, et les actions d’une catégorie exclue au sens du paragraphe (1.1) sont réputées ne pas être émises et en circulation et n’être la propriété d’aucun actionnaire, et le montant égal au plus élevé du capital versé au titre de ces actions et du montant éventuel qu’un détenteur de celles-ci a le droit de recevoir au rachat, à l’annulation ou à l’acquisition de ces actions par la société est réputé être un élément du passif de la société. Sociétés associées par l’association à une autre
Les règles ci-après s’appliquent : a) pour l’application de la présente loi, sous réserve de l’alinéa b), deux sociétés sont réputées être associées l’une à l’autre à un moment donné si, à la fois : (i) n’eût été le présent paragraphe, elles ne seraient pas associées l’une à l’autre au moment donné, (ii) chaque société est à ce moment associée à une même société (appelée tierce société au présent paragraphe) ou réputée l’être par le présent paragraphe; b) pour l’application de l’article 125 : (i) si au moment donné la tierce société n’est pas une société privée sous contrôle canadien, les deux sociétés sont réputées ne pas être associées l’une à l’autre au moment donné, (ii) si la tierce société est une société privée sous contrôle canadien qui choisit, sur le formulaire prescrit, d’appliquer le présent sous-alinéa pour son année d’imposition qui comprend le moment donné, les deux sociétés sont réputées ne pas être associées l’une à l’autre à ce moment et le plafond des affaires de la tierce société pour son année d’imposition qui comprend ce moment est réputé nul. Présomption d’association en cas d’évitement (2.1) Pour l’application de la présente loi, s’il est raisonnable de considérer qu’un des principaux motifs de l’existence distincte de plusieurs sociétés au cours d’une année d’imposition consiste à réduire les impôts qui seraient Saving provision Réserve
Lorsqu’une société — appelée « société contrôlée » au présent paragraphe — serait, sans le présent paragraphe, associée à une autre société au cours d’une année d’imposition du fait qu’elle est contrôlée, directement ou indirectement, de quelque manière que ce soit, par l’autre société ou du fait que les deux sociétés sont contrôlées, directement ou indirectement, de quelque manière que ce soit, par la même personne à un moment donné de l’année — laquelle société ou personne contrôlant ainsi la société contrôlée est appelée « partie qui contrôle » au présent paragraphe —, et que le ministre est convaincu, à la fois : a) qu’une convention ou un arrangement exécutoire selon ses termes mêmes était en vigueur au moment donné et stipulait qu’à la réalisation d’une condition ou d’un événement à l’égard duquel il est raisonnable de s’attendre à ce qu’il se réalise ou survienne : (i) d’une part, cesserait d’être contrôlée, directement ou indirectement, de quelque manière que ce soit, par la partie qui contrôle, (ii) d’autre part, serait ou deviendrait contrôlée, directement ou indirectement, de quelque manière que ce soit, par une personne ou un groupe de personnes avec laquelle, ou un groupe de personnes chacune desquelles, la partie qui contrôle n’avait aucun lien de dépendance au moment donné; b) que la raison pour laquelle la société contrôlée était ainsi contrôlée au moment donné était la sauvegarde des droits de la partie qui contrôle afférents : (i) soit à toute créance dont la partie qui contrôle est créancière et dont tout ou partie du principal était impayé au moment donné, (ii) soit à toutes actions du capital-actions de la société contrôlée qui appartenaient à la partie qui contrôle au moment donné et qui devaient, en vertu de la convention ou de l’arrangement, être rachetées par la société contrôlée ou achetées par la personne ou le groupe de personnes visés au sous-alinéa a)(ii), la société contrôlée et l’autre société à laquelle elle serait par ailleurs associée ainsi au cours de l’année sont réputées, pour l’application de la présente loi, ne l’être associées l’une à l’autre au cours de l’année. Saving provision Idem Réserve
Lorsqu’une société serait, sans le présent paragraphe, associée à une autre société au cours d’une année d’imposition, du fait que les deux sociétés sont contrôlées par le même liquidateur de succession, exécuteur testamentaire ou fiduciaire, les deux sociétés sont réputées, pour l’application de la présente loi, ne pas avoir été associées l’une à l’autre au cours de l’année si le ministre est convaincu : a) d’une part, que le liquidateur, exécuteur ou fiduciaire n’a pas acquis le contrôle des sociétés à la suite de l’ouverture d’une ou plusieurs successions ou de la création d’un ou plusieurs fiducies, soit par le même particulier, soit par plusieurs particuliers ayant entre eux des liens de dépendance; b) d’autre part, que la succession ou la fiducie dans le cadre de laquelle le liquidateur, exécuteur ou fiduciaire a acquis le contrôle de chacune des sociétés n’a pris naissance qu’au décès du particulier dont la succession s’est ouverte ou qui a créé la fiducie. Idem
Lorsqu’une société serait, sans le présent paragraphe, associée à une autre société au cours d’une année d’imposition, du seul fait que l’autre société est le fiduciaire en vertu d’une fiducie dans le cadre de laquelle la société est contrôlée, les deux sociétés sont réputées, pour l’application de la présente loi, n’être pas associées l’une à l’autre au cours de l’année, sauf si, à un moment donné de l’année, un constituant de la fiducie contrôlait, ou était membre d’un groupe lié qui contrôlait l’autre société qui est fiduciaire en vertu de la fiducie. Contrôle de fait (5.1) Pour l’application de la présente loi, lorsque l’expression « contrôlée, directement ou indirectement, de quelque manière que ce soit », est utilisée, une société est considérée comme ainsi contrôlée par une autre société, une personne ou un groupe de personnes — appelé « entité dominante » au présent paragraphe — à un moment donné si, à ce moment, l’entité dominante a une influence directe ou indirecte dont l’exercice entraînerait le contrôle de fait de la société. Toutefois, si cette influence découle d’un contrat de concession, d’une licence, d’un bail, d’un contrat de commercialisation, d’approvisionnement ou de gestion ou d’une convention semblable — la société et l’entité dominante n’ayant entre elles aucun lien de dépendance et l’objet principal de ce contrat étant de régir les liens qui unissent la société et l’entité dominante en ce qui concerne la façon de mener des affaires qu’exploite la société, celle-ci n’est pas considérée comme contrôlée, directement ou indirectement, de quelque manière que ce soit, par l’entité dominante du seul fait de ce contrat ou de cette convention. Factual control — interpretation Idem Contrôle de fait (5.11) Pour l’application de la présente loi, lorsqu’il s’agit de déterminer si un contribuable a, relativement à une société, une influence directe ou indirecte dont l’exercice entraînerait le contrôle de fait de la société : a) il est tenu compte de la totalité des critères qui sont applicables dans les circonstances; b) il n’est pas tenu compte uniquement de la question — qui n’a pas à être l’un des critères applicables à la détermination — de savoir si le contribuable a un droit ayant force exécutoire, ou la capacité, de faire modifier le conseil d’administration de la société ou les pouvoirs de celui-ci ou d’exercer une influence sur l’actionnaire ou les actionnaires qui ont ce droit ou cette capacité. Idem
Pour l’application de la présente loi, une société — appelée « société contrôlée » au présent paragraphe — qui serait considérée comme ayant été contrôlée, directement ou indirectement, de quelque manière que ce soit, par une personne ou société de personnes — appelée « entité dominante » au présent paragraphe — est réputée ne pas avoir été contrôlée par l’entité dominante au moment donné, s’il est établi à la fois : a) qu’une convention ou un arrangement exécutoire selon ses termes mêmes était en vigueur au moment donné et stipulait qu’à la réalisation d’une condition ou d’un événement à laquelle il est raisonnable de s’attendre, la société contrôlée (i) d’une part, cesserait d’être contrôlée, ou contrôlée, directement ou indirectement, de quelque manière que ce soit, selon le cas, par l’entité dominante, (ii) d’autre part, serait ou deviendrait contrôlée, ou contrôlée, directement ou indirectement, de quelque manière que ce soit, selon le cas, par une personne avec laquelle, ou un groupe de personnes avec chacune desquelles l’entité dominante n’avait aucun lien de dépendance au moment donné; b) que la raison pour laquelle la société contrôlée était au moment donné ainsi contrôlée, ou contrôlée, directement ou indirectement, de quelque manière que ce soit, selon le cas, était la sauvegarde des droits de l’entité dominante afférents : Simultaneous control (i) the first-tier group, and (i) soit à tout titre de créance dont l’entité dominante est créancière et dont tout ou partie du principal était impayé au moment donné, (ii) soit à des actions du capital-actions de la société contrôlée qui appartenaient à l’entité dominante au moment donné et qui, selon la convention ou l’arrangement, devaient être rachetées par la société contrôlée ou achetées par la personne ou le groupe de personnes visé au sous-alinéa a)(ii). Contrôle simultané (6.1) Pour l’application de la présente loi, il est entendu que : a) dans le cas où une société (appelée « filiale » au présent alinéa) serait contrôlée par une autre société (appelée « société mère » au présent alinéa) si cette dernière n’était pas contrôlée par une personne ou un groupe de personnes, la filiale est contrôlée à la fois par la société mère et par toute personne ou tout groupe de personnes qui contrôle cette dernière; b) dans le cas où une société (appelée « société donnée » au présent alinéa) serait contrôlée par un groupe de personnes (appelé « groupe de premier palier » au présent alinéa) si aucune société membre du groupe de premier palier n’était contrôlée par une personne ou un groupe de personnes, la société donnée est contrôlée à la fois : (i) par le groupe de premier palier, (ii) par tout groupe de personnes composé, quant à chaque membre du groupe de premier palier, soit du membre, soit d’une personne ou d’un groupe de personnes qui contrôle ce dernier. Contrôle de fait (6.2) Pour l’application du paragraphe (6.1) dans le cadre du paragraphe (5.1), les mentions de « contrôlé » au paragraphe (6.1) sont remplacées respectivement par « contrôlé, directement ou indirectement, de quelque manière que ce soit » et « contrôlée, directement ou indirectement, de quelque manière que ce soit », avec les adaptations nécessaires.
For the purposes of this subsection, of section 55, subsections 66(11), 66.5(3), 66.7(10) and (11), 85(1.2), 88(1.1) and (1.2), 110.1(1.2) and 111(5.4) and paragraph 251.2(2)(a) and of subsection 5905(5.2) of the Income Tax Regulations, Contrôle réputé non acquis
Pour l’application du présent paragraphe, de l’article 55, des paragraphes 66(11), 66.5(3), 66.7(10) et (11), 85(1.2), 88(1.1) et (1.2), 110.1(1.2) et 111(5.4) et de l’alinéa 251.2(2)a) et pour l’application du paragraphe 5905(5.2) du Règlement de l’impôt sur le revenu : a) le contrôle d’une société donnée est réputé ne pas avoir été acquis du seul fait : (i) soit de l’acquisition, à un moment donné, d’actions d’une société par les cas suivants : (A) une personne donnée qui a acquis les actions d’une personne avec qui elle était liée, autrement qu’à cause d’un droit visé à l’alinéa 251(5)b), immédiatement avant ce moment, (B) une personne donnée qui était liée à la société donnée, autrement qu’à cause d’un droit visé à l’alinéa 251(5)b), immédiatement avant ce moment, (C) une succession qui a acquis les actions en raison du décès d’une personne, (D) une personne donnée qui a acquis les actions d’une succession qui a commencé à exister au décès d’un particulier par suite de ce décès, si la succession a acquis les actions du particulier par suite de ce décès et si le particulier était lié à la personne donnée avant le décès, (E) une société à l’occasion d’une attribution, au sens du paragraphe 55(1), effectuée par une société déterminée, au sens de ce même paragraphe, si un dividende auquel le paragraphe 55(2) ne s’applique pas, par l’effet de l’alinéa 55(3)b), est reçu lors de la réorganisation dans le cadre de laquelle l’attribution est effectuée, (ii) soit du rachat ou de l’annulation, à un moment donné, d’actions de la société donnée ou d’une société qui en contrôle ou de la modification, à un moment donné, des droits, privilèges, restrictions ou conditions attachés à de telles actions, dans le cas où chaque personne et chaque membre de chaque groupe de personnes qui contrôle la société donnée immédiatement après ce moment était lié à la société, autrement qu’à cause d’un droit visé à l’alinéa 251(5)b) : (A) soit immédiatement avant ce moment, (B) soit immédiatement avant le décès d’une personne, dans le cas où les actions étaient par suite d'une distribution provenant d'une telle fiducie ou société de personnes, le contrôle de l'acquéreur et de chaque société qu'il contrôle immédiatement avant le moment donné est réputé avoir été acquis au moment donné par une personne ou un groupe de personnes, sauf si l'un des faits ci-après s'avère : (i) en ce qui concerne chacune des sociétés, une personne (appelée « personne intéressée » au présent sous-alinéa) et affiliée (au sens de l'article 251.1, compte tenu de la définition de contrôle au paragraphe 251.1(3)) à la fiducie intermédiaire de placement déterminée, à la société de personnes intermédiaire de placement déterminée ou à la fiducie de placement immobilier était propriétaire d'actions de la société donnée dont la juste valeur marchande totale excède 50 % de celle de l'ensemble des actions émises et en circulation de la société donnée tout au long de la période qui : (A) commence au dernier des date du 14 juillet 2008, de la date où la société donnée a commencé à exister et du moment de la dernière acquisition de contrôle de la société donnée par une personne intéressée, (B) se termine immédiatement avant le moment donné, (ii) si tous les titres (s'entendant, au présent sous-alinéa, au sens du paragraphe 122.1(1)) de l'acquéreur qui ont été acquis dans le cadre de la série d'opérations ou d'événements, au moment donné ou avant ce moment, cette personne, à la fois : (A) ne contrôlerait pas l'acquéreur au moment donné, (B) aurait acquis au moment donné des titres de l'acquéreur dont la juste valeur marchande n'excède pas 50 % de celle de l'ensemble des actions émises et en circulation de l'acquéreur, (iii) le contrôle de l'acquéreur à déjà été réputé en vertu du présent alinéa avoir été acquis lors de l'acquisition d'actions effectuée dans le cadre de la même série d'opérations ou d'événements;
c.2) sous réserve de l'alinéa a), si, à un moment donné dans le cadre d'une série d'opérations ou d'événements, plusieurs personnes acquièrent des actions d'une société (appelée « acquéreur » au présent alinéa) en échange ou lors du rachat ou de l'abandon de participations dans une société de personnes ou une fiducie, ou par suite d'une distribution effectuée par une société de personnes ou une fiducie, le contrôle de l’acquéreur et de chaque société qu’il contrôle immédiatement avant le moment donné est réputé avoir été acquis au moment donné par une personne ou un groupe de personnes, sauf si l’un des énoncés ci-après se vérifie : (i) en ce qui concerne chacune des sociétés, une personne qui est affiliée à la société de personnes ou à la fiducie était propriétaire immédiatement avant le moment donné d’actions de la société donnée dont la juste valeur marchande totale dépasse 50 % de celle de l’ensemble des actions émises et en circulation de la société donnée immédiatement avant le moment donné, (ii) si tous les titres (au présent sous-alinéa, au sens du paragraphe 122.1(1)) de l’acquéreur qui ont été acquis dans le cadre de la série au moment donné ou avant ce moment avaient été acquis par une seule personne, cette personne, à la fois : (A) ne contrôlerait pas l’acquéreur au moment donné, (B) aurait acquis au moment donné des titres de l’acquéreur dont la juste valeur marchande ne dépasse pas 50 % de celle de l’ensemble des actions émises et en circulation de l’acquéreur, (iii) le contrôle de l’acquéreur a antérieurement été réputé en vertu du présent alinéa ou de l’alinéa c.1) avoir été acquis, ou est réputé en vertu de l’alinéa c.1) être acquis, lors d’une acquisition d’actions effectuée dans le cadre de la même série d’opérations ou d’événements; d) dans le cas où il est disposé d’actions du capital-actions d’une société donnée en faveur d’une autre société (appelée « acquéreur » au présent alinéa) pour une contrepartie qui comprend des actions du capital-actions de l’acquéreur et où, immédiatement après le moment de la disposition, l’acquéreur et la société donnée sont contrôlés par une personne ou un groupe de personnes qui contrôlait la société donnée immédiatement avant ce moment et qui, dans le cadre de la série d’opérations ou d’événements qui comprend la disposition, ne cesse pas de contrôler l’acquéreur, le contrôle de la société donnée et de chaque société qu’elle contrôlait immédiatement avant ce moment est réputé ne pas avoir été acquis par l’acquéreur du seul fait de la disposition; e) le contrôle d’une société donnée et de chaque société qu’elle contrôlait immédiatement avant un moment donné est réputé ne pas avoir été acquis au moment donné par une société (appelée « acquéreur » au présent alinéa) si l’acquéreur acquiert, au moment donné, des actions du capital-actions de la société donnée pour une contrepartie qui ne comprend que des actions de son capital-actions et si, selon le cas : (i) immédiatement après le moment donné, à la fois : (A) l’acquéreur est propriétaire de l’ensemble des actions de chaque catégorie du capital-actions de la société donnée, déterminé compte non tenu des actions d’une catégorie exclue au sens de l’alinéa 88(1)c.8), (B) l’acquéreur n’est pas contrôlé par une personne ou un groupe de personnes, (C) la juste valeur marchande des actions du capital-actions de la société donnée qui appartiennent à l’acquéreur représente au moins 95 % de celle de l’ensemble des biens de l’acquéreur, (ii) l’une des divisions (i)(A) à (C) ne s’applique pas et l’acquisition est effectuée dans le cadre d’un plan d’arrangement qui, une fois terminé, donne lieu à ce qui suit : (A) l’acquéreur, ou une nouvelle société issue de la fusion de l’acquéreur et d’une de ses filiales à cent pour cent, est propriétaire de l’ensemble des actions de chaque catégorie du capital-actions de la société donnée, déterminé compte non tenu des actions d’une catégorie exclue au sens de l’alinéa 88(1)c.8), (B) l’acquéreur, ou la nouvelle société, n’est pas contrôlé par une personne ou un groupe de personnes, (C) la juste valeur marchande des actions du capital-actions de la société donnée qui appartiennent à l’acquéreur, ou à la nouvelle société, représente au moins 95 % de celle de l’ensemble des biens de l’acquéreur ou de la nouvelle société; f) lorsqu’une fiducie donnée est le seul bénéficiaire d’une autre fiducie, qu’elle est visée à l’alinéa e) de la définition de fait lié à la conversion d’une EIPD-fiducie, qu’elle acquiert, en l’absence du présent alinéa, le contrôle d’une société par le seul effet d’un fait lié à la conversion d’une EIPD-fiducie ou d’une distribution d’actions du capital-actions de la société par l’autre fiducie et que l’autre fiducie contrôlait la société immédiatement avant la distribution, la fiducie donnée est réputée ne pas acquérir le contrôle de la société en raison de la distribution; g) la société (appelée « acquéreur » au présent alinéa) qui acquiert des actions d’une autre société lors d’une distribution qui constitue un fait lié à la conversion d’une EIPD-fiducie d’une EIPD convertible est réputée ne pas acquérir le contrôle de l’autre société en raison de cette acquisition si les conditions ci-après sont réunies : (i) l’EIPD convertible est une fiducie dont le seul bénéficiaire immédiatement avant la distribution est l’acquéreur, (ii) l’EIPD convertible contrôlait l’autre société immédiatement avant la distribution, (iii) dans le cadre d’une série d’opérations ou d’événements par suite de laquelle l’acquéreur devient le seul bénéficiaire de la fiducie, plusieurs personnes ont acquis des actions de l’acquéreur en échange de leur participation à titre de bénéficiaire de la fiducie, (iv) si les actions mentionnées au sous-alinéa (iii) avaient été acquises par une seule personne, cette personne : (A) d’une part, contrôlerait l’acquéreur, (B) d’autre part, aurait acquis de l’acquéreur des actions dont la juste valeur marchande excède 50 % de celle de l’ensemble des actions émises et en circulation de l’acquéreur; h) si une fiducie est assujettie à un fait lié à la restriction de pertes à un moment donné après le 12 septembre 2013 et que la fiducie, ou un groupe de personnes dont l’un des membres est la fiducie, contrôle une société immédiatement avant ce moment, le contrôle de la société et de chaque société qu’elle contrôle immédiatement avant ce moment est réputé avoir été acquis à ce moment par une personne ou un groupe de personnes; i) si une fiducie contrôle une société à un moment donné après le 12 septembre 2013, le contrôle de la société est réputé ne pas être acquis en raison seulement du remplacement du fiduciaire ou du représentant légal ayant la propriété ou le contrôle des biens de la fiducie, si, à la fois : (i) le remplacement ne fait pas partie d’une série d’opérations ou d’événements qui comprend un changement de propriété effective des biens de la fiducie, (a) to avoid any limitation on the deductibility of any non-capital loss, net capital loss, farm loss or any expense or other amount referred to in subsection 66(11), 66.3(5) or 66.7(10) or 66.7(11), (b) to avoid the application of subsection 10(10) or 13(24), paragraph 37(1)(h) or subsection 55(2) or 66(11.4) or (11.5), paragraph 88(1)(c.3) or subsection 111(4), (5), or (5.3), 181.1(7), 190.1(6) or 251.2(2), (c) to avoid the application of paragraph (j) or (k) of the definition investment tax credit in subsection 127(9), (d) to avoid the application of section 251.1, or (e) to affect the application of section 80, (ii) aucun montant de revenu ou de capital de la fiducie devant être distribué, au moment du remplacement ou par la suite, relativement à une participation dans la fiducie ne dépend de l’exercice ou du non-exercice par une personne ou une société de personnes d’un pouvoir discrétionnaire; j) si une fiducie collective des employés contrôle une entreprise admissible, le contrôle de l’entreprise admissible est réputé ne pas être acquis en raison seulement du remplacement du fiduciaire ayant la propriété ou le contrôle des biens de la fiducie si celle-ci demeure une fiducie collective des employés immédiatement après le remplacement du fiduciaire. Présomption d’exercice de droit
Pour ce qui est de déterminer, d’une part, si le contrôle d’une société a été acquis pour l’application des paragraphes 10(10) et 13(24), de l’article 37, des paragraphes 55(2), 66(11), (11.4) et (11.5), 66.3(5) et 66.7(10) et (11), de l’article 80, de l’alinéa 88(0.4)(h), du sous-alinéa 88(1)(c)(vi), de l’alinéa 88(1)(c.3), des paragraphes 88.1(1) et (1.2), des articles 111 et 127, des paragraphes 181.1(7), 190.1(6) et 249(4) et de l’alinéa 251.2(2)a) et, d’autre part, si une société est contrôlée par une personne ou par un groupe de personnes pour l’application de l’article 251.1, de la définition de fonds commun de placement déterminé au paragraphe 251.2(1) et des alinéas 251.2(3)c) et d), le contribuable qui a acquis un droit visé à l’alinéa 251(5)b) relativement à une action est réputé être dans la même position relativement au contrôle de la société que si le droit était immédiat et absolu et comme s’il l’avait exercé au moment de l’acquisition, dans le cas où il est raisonnable de conclure que l’un des principaux motifs de l’acquisition du droit consistait : a) à éviter une restriction à la déductibilité d’une perte autre qu’une perte en capital, d’une perte en capital nette, d’une perte agricole ou de frais ou d’autres montants visés aux paragraphes 66(11), 66.3(5) ou 66.7(10) ou (11); b) à éviter l’application des paragraphes 10(10) ou 13(24), de l’alinéa 37(1)h) ou des paragraphes 55(2) ou 66(11.4) ou (11.5), de l’alinéa 88(0.4)h), du sous-alinéa 88(1)c)(vi), du paragraphe 88(1)c.3), des paragraphes 111(4), (5), (5.3), 181.1(7), 190.1(6) et 251.2(2); c) à éviter l’application des alinéas j) ou k) de la définition de crédit d’impôt à l’investissement au paragraphe 127(9); d) à éviter l’application de l’article 251.1, (8.1) For the purposes of subsections 256(7) and 256(8), Definitions attribute trading restriction means a restriction on the use of a tax attribute arising on the application, either alone or in combination with other provisions, of any of this section, subsection 10(10) and 13(24), section 37, subsections 66(11.4) and (11.5), 66.7(10) and (11), 69(11) and 88(1.1), (1.2), paragraphs 111 and 127, subsections 181.1(7), 190.1(6) and 249(4), section 251.2 and subsection 256(7). (restriction au commerce d’attributs) specified provision means any of subsections 10(10) and 13(24), paragraph 37(1)(h), subsections 66(11.4) and e) à influer sur l’application de l’article 80. Sociétés sans capital-actions (8.1) Les présomptions suivantes s’appliquent dans le cadre des paragraphes (7) et (8): a) une société constituée sans capital-actions est réputée en avoir un d’une seule catégorie; b) chaque membre, titulaire de police et autre participant de la société est réputé en être un actionnaire; c) l’adhésion, la police ou autre participation dans la société de chacun de ces participants est réputée être représentée par le nombre d’actions du capital-actions de la société que le ministre estime raisonnable dans les circonstances, compte tenu du nombre total de participants de la société et de la nature de leur participation. Moment d’acquisition du contrôle
Pour l’application de la présente loi, sauf lorsqu’il s’agit de déterminer si une société est une société exploitant une petite entreprise ou une société privée sous contrôle canadien, le contrôle d’une société qui est acquis à un moment donné est réputé l’être au début du jour où ce moment se situe, sauf si la société en fait le choix, au moyen de son choix de ne pas faire application du présent paragraphe, dans sa déclaration de revenu de la société produite en vertu de la partie I pour l’année d’imposition se terminant immédiatement avant l’acquisition de contrôle. [NOTE: Les dispositions d’application ne sont incluses à la présente codification; voir les lois modificatives appropriées.] Définitions
dispositions déterminées Les paragraphes 10(10) et 13(24), l’alinéa 37(1)h), les paragraphes 66(11.4) et (11.5), 66.7(10) et (11), 69(11), 88(1.1), (1.2), les alinéas j) et k) de la définition de crédit d’impôt à l’investissement au paragraphe 127(9), les paragraphes 181.1(7) et 190.1(6) et toute disposition ayant un effet similaire. (specified provision) personne Sont assimilées à des personnes les sociétés de personnes. (person) restriction au commerce d’attributs Toute restriction touchant l’utilisation d’un attribut fiscal découlant de Income Tax PART XVII Interpretation
(11.5), 66.7(10) and (11), 69(11) and 111(4), (5), (5.01), (5.1) and (5.3), paragraphs (j) and (k) of the definition investment tax credit in subsection 127(9), subsections 181.1(7) and 190.1(6) and any provision of similar effect. (dispositions déterminées) Application of subsection (3) (a) the person or group referred to in subsection (2) Impôt sur le revenu
l’application, seule ou de concert avec d’autres dispositions, du présent article, des paragraphes 10(10) ou 13(24), de l’article 37, des paragraphes 66.1(4) ou (11.5), 66.7(10) ou (11), 69(11) ou 88.1(1) ou (12), des articles 111 ou 127 ou des paragraphes 181.1(7), 190.1(6) ou 249(4), de l’article 251.2 ou du paragraphe 256(7). (attribute trading restriction) Application du paragraphe (3)
Le paragraphe (3) s’applique à un moment donné relativement à une société si les conditions ci-après sont réunies : a) la juste valeur marchande, à ce moment, des actions du capital-actions de la société détenues par une personne, ou de l’ensemble des actions du capital-actions détenues par les membres d’un groupe de personnes, excède 75 % de la juste valeur marchande de l’ensemble des actions de son capital-actions; b) la juste valeur marchande, immédiatement avant ce moment, des actions du capital-actions de la société détenues par la personne, ou de l’ensemble des actions de son capital-actions détenues par les membres du groupe, n’excède pas 75 % de la juste valeur marchande de l’ensemble des actions de son capital-actions; c) la personne ou le groupe ne contrôle pas la société au moment donné; d) il est raisonnable de conclure que l’une des principales raisons pour lesquelles la personne ou le groupe ne contrôle pas la société consiste à éviter l’application d’une ou de plusieurs dispositions déterminées. Acquisition de contrôle réputée
Si le présent paragraphe s’applique à un moment donné relativement à une société, les règles ci-après s’appliquent dans le cadre des restrictions au commerce d’attributs : a) la personne ou le groupe visé au paragraphe (2) : (i) est réputé acquérir le contrôle de la société, et de chaque société contrôlée par celle-ci, au moment donné, (ii) n’est pas réputé avoir le contrôle de la société, et de chaque société contrôlée par celle-ci, à un moment postérieur au moment donné du seul fait que le présent alinéa était applicable au moment donné; b) au cours de la période pendant laquelle la condition énoncée à l’alinéa (2)a) est remplie, toute société visée à l’alinéa a), de même que toute société Income Tax PART XVI Interpretation
Deeming rules — if share value nil [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] ; 2013, c. 40, s. 94; 2016, c. 12, s. 68; 2023, c. 26, s. 75; 2024, c. 15, s. 69. --- Impôt sur le revenu
constituée après le moment donné et contrôlée par cette société, sont réputées ne pas être liées ni affiliées à toute personne à laquelle elles étaient liées ou affiliées immédiatement avant l’application de l’alinéa a). Règles d’application
Pour l’application de l’alinéa (2)(a) relativement à une personne ou à un groupe de personnes : a) s’il est raisonnable de conclure que l’une des raisons de la réalisation d’une ou plusieurs opérations ou événements consiste à éviter qu’une personne ou un groupe de personnes ne détienne des actions dont la juste valeur marchande excède 75 % de la juste valeur marchande de l’ensemble des actions du capital-actions d’une société, l’alinéa (2)(a) s’applique comme si on tenait pas de ces opérations ou événements; b) la personne ou chaque membre du groupe est réputé avoir exercé chaque droit qu’il détient et qui est visé à l’alinéa 251(5)(b) relativement à une action de la société visée à l’alinéa (2)(a). Valeur de l’actif net d’une société
Pour l’application des paragraphes (2) à (4), si la juste valeur marchande des actions du capital-actions d’une société est nulle à un moment donné, pour la détermination de la juste valeur marchande de ces actions, la société est réputée, à ce moment, avoir des actifs (déduction faite des passifs) de 100 000 $ ainsi qu’un revenu de 100 000 $ pour l’année d’imposition qui comprend ce moment. Acquisition de contrôle réputée
Si le contrôle d’une société donnée est acquis, à un moment donné, par une personne ou par un groupe de personnes dans le cadre d’une opération, d’un événement ou d’une série d’opérations ou d’événements et qu’il est raisonnable de conclure que l’une des principales raisons de l’opération, de l’événement ou de la série d’opérations ou d’événements consiste à éviter que une disposition déterminée ne s’applique à une ou plusieurs sociétés, les restrictions au comptage des attributs sont réputées s’appliquer à chacune de ces sociétés comme si le contrôle de chacune d’elles était acquis à ce moment. [NOTE : Les dispositions d’application ne sont pas incluses dans le présent codifié; voir les lois et règlements modificatifs appropriés.] ; 2013, ch. 40, art. 94; 2016, ch. 12, art. 68; 2023, ch. 26, art. 75; 2024, ch. 15, art. 69. Income Tax PART XVII Interpretation Sections 258-259 Exception Exception Impôt sur le revenu
1987, si la société qui l’a versé avait été une société canadienne imposable. Exception
Le paragraphe (3) ne s’applique pas au dividende visé à l’alinéa (3)a) : a) si l’action sur laquelle le dividende a été versé n’a pas été acquise dans le cours normal des activités de l’entreprise exploitée par la société; b) dans la mesure où le dividende serait visé au sous-alinéa 53(2)b)(ii) si la société non-résidente n’était pas une société étrangère affiliée de la société. Intérêts réputés sur certaines actions
Pour l’application des alinéas 12(1)c) et k) et des articles 113 et 126, tout dividende qui a été reçu sur une action, au cours d’une année d’imposition et après le 18 juin 1987, d’une société non résidente autre qu’une société dans laquelle celui qui a reçu le dividende a une participation importante au sens de l’article 191 ou aurait eu une si la société était une société canadienne imposable — s’il s’était agi d’un dividende au titre duquel aucune déduction n’aurait pu être faite en application du paragraphe 112(1) ou (2) ou 138(6), par l’effet du paragraphe 112(2.2) ou (4), si la société qui l’a versé avait été une société canadienne imposable est réputé être non pas un dividende reçu sur une action du capital-actions de la société qui l’a versé mais des intérêts reçus au cours de l’année. Exception
Le paragraphe (5) ne s’applique pas au dividende visé à ce paragraphe dans la mesure où il serait visé au sous-alinéa 53(2)b)(ii) si la société non-résidente n’était pas une société étrangère affiliée du bénéficiaire. [NOTE : Les dispositions d’application ne sont pas incluses dans le texte consolidé : voir les lois modificatives et les règlements appropriés.]
259 (1) Pour l’application des dispositions désignées, si, à un moment donné, un contribuable déterminé acquiert, détient ou dispose d’une unité donnée dans une fiducie admissible, et que la fiducie choisit, pour toute période comprenant ce moment, que le présent paragraphe s’applique : (c) [Repealed, 2005, c. 30, s. 18] (d) where that time is the later of a) le contribuable est réputé ne pas acquérir l’unité donnée, ne pas la détenir ou ne pas en disposer, au moment donné; b) s’il détient l’unité donnée au moment donné, le contribuable est réputé détenir à ce moment la partie (appelée « partie déterminée » au présent paragraphe) de chaque bien (appelé « bien donné » au présent paragraphe) que la fiducie détient à ce moment, représentée par le rapport entre un (ou, si l’unité donnée est une fraction d’une unité entière, cette fraction) et le nombre d’unités de la fiducie en circulation à ce moment; c) [Abrogé, 2005, ch. 30, art. 18] d) si le moment donné correspond au dernier en date des moments suivants, le contribuable est réputé acquérir la partie déterminée d’un bien donné à ce moment : (i) le moment où la fiducie a acquis le bien donné, (ii) le moment où le contribuable a acquis l’unité donnée; e) si le moment donné correspond au moment où la partie déterminée d’un bien donné est réputée par l’alinéa d) avoir été acquise, la juste valeur marchande de cette partie à ce moment est réputée égale à la partie déterminée de la juste valeur marchande du bien au moment de son acquisition par la fiducie; f) si le moment donné correspond au moment immédiatement avant la disposition d’un bien donné par la fiducie, le contribuable est réputé avoir disposé, immédiatement après ce moment, de la partie déterminée de ce bien pour un produit égal à la partie déterminée du produit de disposition du bien pour la fiducie; g) si le moment donné correspond au moment immédiatement avant la disposition de l’unité donnée par le contribuable, celui-ci est réputé avoir disposé, immédiatement après ce moment, de la partie déterminée de chaque bien donné pour un produit égal à la partie déterminée de la juste valeur marchande de ce bien à ce moment; h) si le contribuable est réputé, par l’effet du présent paragraphe, avoir acquis une partie quelconque d’un bien donné par suite de l’acquisition de l’unité donnée par lui et de l’acquisition du bien donné par la fiducie, cette partie déterminée est réputée, aux fins de déterminer les conséquences de l’application de la présente Income Tax PART XVII Interpretation
the specified portion of the relevant property shall, for the purposes of determining the consequences under this Act of the disposition and without affecting the proceeds of disposition of the specified portion of the relevant property, be deemed to be the portion of the relevant property referred to in subparagraph 259(1)(h)(i).
[Repealed, 2005, c. 30, s. 18] Election Requirement to provide information
Where a qualified trust elects under subsection (1), Impôt sur le revenu
loi à la disposition sans pour autant modifier le produit de disposition de la partie déterminée du bien, correspondre à la partie quelconque du bien.
[Abrogé, 2005, ch. 30, art. 18] Choix
La fiducie admissible fait le choix prévu au paragraphe (1) en présentant le formulaire prescrit au ministre. Ce choix s’applique à la période qui : a) commence au dernier en date des jours suivants : (i) le jour qui précède de 15 mois la date de la présentation du document constatant le choix, (ii) le jour que la fiducie indique éventuellement dans ce document; b) se termine au premier en date des jours suivants : (i) le jour où la fiducie présente au ministre un avis de révocation du choix, (ii) le jour que la fiducie indique éventuellement dans l’avis de révocation et qui n’est pas antérieur au jour qui précède de 15 mois la date de la présentation de cet avis. Obligation de fournir des renseignements
La fiducie admissible qui fait le choix prévu au paragraphe (1) est tenue : a) d’une part, de donner avis du choix, à la fois : (i) au plus tard 30 jours après avoir fait le choix, à chaque personne qui détenait une unité dans la fiducie avant que le choix soit fait et au cours de la période qu’il vise, (ii) au moment de l’acquisition, à chaque personne qui acquiert une unité dans la fiducie après que le choix est fait et au cours de la période qu’il vise; b) d’autre part, de fournir à toute personne détentrice d’une unité dans la fiducie au cours de la période visée par le choix qui lui en fait la demande écrite, au plus tard 30 jours après la réception de cette demande, les Definitions qualified corporation [Repealed, 2005, c. 30, s. 18] (d) it has never before that time accepted deposits; (fiducie admissible) specified taxpayer means a taxpayer that is a registered investment or that is described in any of paragraphs 149(1)(r), (s), (u) to (u.2) and (x). (contribuable déterminé) [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 259; 1994, c. 7, Sch. VIII, s. 142, c. 21, s. 115; 2005, c. 30, s. 18; 2008, c. 28, s. 37; 2009, c. 2, s. 79; 2011, c. 24, s. 75; 2017, c. 33, s. 80. Definitions 260 (1) In this section renseignements qui permettront à cette personne de déterminer les conséquences du choix pour elle en vertu de la présente loi. Définitions
Les définitions qui suivent s’appliquent au présent article. contribuable déterminé Contribuable qui est soit un placement enregistré, soit visé à l’un des alinéas 149(1)r), s), u) à u.2) et x). (specified taxpayer) dispositions désignées Les articles 146 et 146.1 à 146.4 et les parties X, XI.01 et XI.1, tels qu’ils s’appliquent relativement aux placements qui ne sont pas des placements admissibles pour une fiducie, et la partie X.2. (designated provisions) fiducie admissible Est une fiducie admissible à un moment donné, la fiducie, à l’exclusion d’un placement enregistré et d’une fiducie qui est, par règlement, une fiducie de placement dans des petites entreprises, qui réunit les conditions suivantes : a) chacun de ses fiduciaires à ce moment est soit une société titulaire d’une licence ou par ailleurs autorisée par la législation fédérale ou provinciale à exploiter au Canada une entreprise d’offre au public de services de fiduciaire, soit une personne qui est fiduciaire d’une fiducie régie par un régime de pension agréé; b) les participations des bénéficiaires à ce moment sont fonction des unités de la fiducie qui, à ce moment, sont toutes identiques les unes aux autres; c) ses seuls emprunts d’argent avant ce moment étaient d’une durée de 90 jours ou moins et ne faisaient pas partie d’une série d’emprunts ou d’autres opérations et remboursements; d) elle n’a jamais accepté de dépôts avant ce moment. (qualified trust) société admissible [Abrogée, 2005, ch. 30, art. 18] [NOTE: Les dispositions d’application ne sont pas incluses dans le texte consolidé; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 259; 1994, ch. 7, ann. VIII, art. 142, c. 21, art. 115; 2005, ch. 30, art. 18; 2008, ch. 28, art. 37; 2009, ch. 2, art. 79; 2011, c. 24, art. 75; 2017, ch. 33, art. 80. Définitions 260 (1) Les définitions qui suivent s’appliquent au présent article. mécanisme de prêt de valeurs mobilières Mécanisme dans le cadre duquel, à la fois : (d) a warrant, right, option or similar instrument with respect to a share described in paragraph (a), or (e) a qualified trust unit; (titre admissible) qualified trust unit means an interest, as a beneficiary under a trust, that is listed on a stock exchange; (unité de fiducie déterminée) a) une personne — appelée « prêteur » au présent article — transfère ou prête, à un moment donné, un titre admissible à une autre personne — appelée « emprunteur » au présent article; b) il est raisonnable de s’attendre, au moment donné, à ce que l’emprunteur transfère ou retourne au prêteur après ce moment, un titre — appelé « titre identique » au présent article — qui est identique à celui ainsi transféré ou prêté; c) l’emprunteur a l’obligation de verser au prêteur, au titre des sommes éventuellement versées sur le titre et l’emprunteur aurait reçues s’il avait détenu le titre tout au long de la période commençant après le moment donné et se terminant au moment du transfert ou du retour au prêteur d’un titre identique, un montant égal à ces sommes; d) les possibilités, pour le prêteur, de subir des pertes ou de réaliser des gains ou des bénéfices sur le titre ne changent pas de façon tangible; e) si le prêteur et l’emprunteur ont entre eux un lien de dépendance, il est prévu que le marché de valeurs mobilières, de prêts ou d’autres opérations dont il fait partie, ne peut excéder 270 jours. En est exclu le mécanisme dont il est raisonnable de considérer que l’un des principaux objets consiste à éviter ou à différer l’inclusion dans le revenu d’un gain ou d’un bénéfice réalisé sur le titre. (securities lending arrangement) mécanisme de prêt de valeurs mobilières déterminé Mécanisme, autre qu’un mécanisme de prêt de valeurs mobilières, dans le cadre duquel, à la fois : a) une personne donnée (appelée « cédant » à la présente définition) transfère ou prête, à un moment donné, un bien à une autre personne (appelée « cessionnaire » à la présente définition) l’un des biens suivants : (i) une action décrite à l’alinéa a) de la définition de titre admissible, (ii) un bien à l’égard duquel les conditions ci-après se vérifient : (A) le bien est, selon le cas : (I) une participation dans une société de personnes, (II) une participation à titre de bénéficiaire d’une fiducie, (a) an underlying payment, or (B) tout ou partie de la juste valeur marchande du bien, immédiatement avant le moment donné, provient directement ou indirectement d’une action visée au sous-alinéa (i); b) il est raisonnable de s’attendre, au moment donné, à ce que le cessionnaire — ou une personne qui a un lien de dépendance avec lui ou qui lui est affiliée — transfère ou retourne au cédant — ou à une personne qui a un lien de dépendance avec lui ou qui lui est affiliée (appelée « aux cédant » à la présente définition) — après ce moment, un bien identique ou sensiblement identique à celui ainsi transféré ou prêté; c) les possibilités, pour le cédant (ainsi que pour tout autre cédant), de subir des pertes ou de réaliser des gains ou des bénéfices sur le bien donné ne changent pas de façon tangible. (specified securities lending arrangement) paiement compensatoire (courtier) Somme qu’un contribuable reçoit en compensation d’un paiement sous-jacent : a) soit d’un courtier en valeurs mobilières inscrit résidant au Canada ou à qui ses services sont fournis dans le cours normal de l’entreprise d’opérations sur valeurs; b) soit dans le cours normal d’une entreprise d’opérations sur valeurs du contribuable, celui-ci est un courtier en valeurs mobilières inscrit résidant au Canada. (dealer compensation payment) paiement compensatoire (MPVM) Somme versée dans le cadre d’un des mécanismes suivants : a) un mécanisme de prêt de valeurs mobilières en compensation d’un paiement sous-jacent; b) un mécanisme de prêt de valeurs mobilières déterminé en compensation d’un paiement sous-jacent, y compris, dans le cas où le bien transféré ou prêté est visé au sous-alinéa a)(ii) de la définition de mécanisme de prêt de valeurs mobilières déterminé, une compensation d’un dividende imposable versé sur une action visée au sous-alinéa a)(i) de cette définition. (SLA compensation payment) paiement de titre Somme qui est, selon le cas : a) un paiement sous-jacent; b) un paiement compensatoire (MPVM), ou un paiement compensatoire (courtier), qui est réputé, par le paragraphe (5.1), être une somme reçue à l’un des titres visés aux alinéas (5.1)a) à c). (security distribution) (c) the transferor’s (together with any substitute transferor’s) risk of loss or opportunity for gain or profit with respect to the particular property is not changed in any material respect; (**mécanisme de prêt de valeurs mobilières déterminé**) **Eligible dividend** **paiement sous-jacent** Somme versée sur un titre admissible par son émetteur. (**underlying payment**) **titre admissible** S’entend des titres suivants : a) les actions d’une catégorie du capital-actions d’une société inscrites à une bourse de valeurs ou les actions d’une catégorie du capital-actions d’une société qui est une société publique du fait qu’elle a désigné la catégorie dans un choix fait selon le sous-alinéa b)(ii) de la définition de **société publique** au paragraphe 89(1) ou que le ministre a désigné la catégorie dans son avis adressé à la société en application du sous-alinéa b)(ii) de cette définition; b) les obligations, billets ou titres semblables émis par une société visée à l’alinéa a) ou par une société qu’elle contrôle; c) les obligations, billets ou titres semblables émis ou garantis par le gouvernement d’un pays, d’une province, d’un état, d’une municipalité ou d’une autre division politique ou par une société, une commission, un organisme ou une association contrôlés par une de ces personnes; d) les bons de souscription, droits, options ou intérêts semblables relatifs à une action visée à l’alinéa a); e) les unités de fiducie déterminées. (**qualified security**) **unité de fiducie déterminée** Participation, à titre de bénéficiaire d’une fiducie, qui est inscrite à la cote d’une bourse de valeurs. (**qualified trust unit**) **Dividende déterminé** (1.1) Le présent paragraphe s’applique à la somme qui, à la fois, est reçue par une personne résidant au Canada, est réputée en vertu du paragraphe (5.1) être un dividende imposable et est reçue au titre : a) soit d’un dividende déterminé, au sens du paragraphe 89(1); b) soit d’un dividende imposable (sauf un dividende déterminé) qu’une société verse à un actionnaire non-résident dans des circonstances où il est raisonnable de considérer que la société aurait désigné le dividende à titre de dividende déterminé selon le paragraphe 89(14) si l’actionnaire en cause résidait au Canada. (1.2) For the purposes of subsections (8), (8.1), (8.2), (8.3) and (9.1) and 212.2(1) and (3), in respect of a specified securities lending arrangement, Non-disposition Disposition of right Idem Where subsection (5.1) applies Emprunteur et prêteur (1.2) Aux fins des paragraphes (8), (8.1), (8.2), (8.3) et (9.1) et 212.2(1) et (3), relativement à un mécanisme de prêt de valeurs mobilières déterminé, a) la mention d’un emprunteur vaut mention d’un cessionnaire, b) la mention d’un prêteur vaut mention d’un cédant. Présomption de non-disposition
Sous réserve des paragraphes (3) et (4) et pour l’application de la présente loi, le titre qu’un prêteur transfère ou prête dans le cadre d’un mécanisme de prêt de valeurs mobilières est réputé ne pas faire l’objet d’une disposition, et le titre est réputé continuer d’être la propriété du prêteur. Le titre visé au présent paragraphe est réputé comprendre un titre identique qui a été transféré ou retourné au prêteur dans le cadre du mécanisme. Disposition d’un droit
Pour l’application de la présente loi, le prêteur qui, à un moment donné, reçoit un bien (sauf un titre identique ou un montant réputé reçu en vertu du paragraphe (4) à titre de produit de disposition) en règlement ou en échange de son droit, dans le cadre d’un mécanisme de prêt de valeurs mobilières, au transfert ou au retour de ce titre ou d’un titre identique est réputé avoir disposé, à ce moment, du titre initialement transféré ou prêté pour un produit de disposition égal à la juste valeur marchande du bien reçu à la disposition du droit (à l’exception de la fraction de ce produit que le prêteur est réputé avoir reçu à titre de dividende imposable). Toutefois, l’article 51, 85.1, 86 ou 87, selon le cas, s’applique au calcul du revenu du prêteur relativement à une telle disposition comme si le titre transféré ou prêté avait continué d’être propriétaire du titre transféré ou prêté et avait reçu le bien directement. Idem
Le prêteur qui, selon ce qu’il est raisonnable de considérer à un moment donné, aurait reçu un produit de disposition pour un titre transféré ou prêté dans le cadre d’un mécanisme de prêt de valeurs mobilières, si le titre n’avait pas été ainsi transféré ou prêté, est réputé avoir disposé du titre à ce moment pour ce produit. Application du paragraphe (5.1)
Le paragraphe (5.1) s’applique à un contribuable pour une année d’imposition relativement à une somme (sauf celle reçue à titre de produit de disposition ou reçue par une personne aux termes d’un mécanisme dans le cadre duquel il est raisonnable de considérer que l’une des principales raisons pour lesquelles la personne participe au mécanisme est de lui permettre de recevoir un paiement compensatoire (MPVM) dans le cadre d’un mécanisme de prêt de valeurs mobilières, ou un paiement compensatoire (courtier), qui serait soit déductible dans le calcul de son revenu imposable, soit exclu du calcul de son revenu, pour une de ses années d’imposition) qu’il a reçu au cours de l’année : a) soit à titre de paiement compensatoire (MPVM) d’une des personnes suivantes : (i) une personne qui réside au Canada, (ii) une personne non-résidente qui a versé la somme dans le cadre de l’exploitation d’une entreprise au Canada par l’intermédiaire d’un établissement stable, au sens du règlement; b) soit à titre de paiement compensatoire (courtier). Paiements compensatoires réputés (5.1) Si le présent paragraphe s’applique relativement à la somme qu’un contribuable a reçue au cours d’une année d’imposition à titre de paiement compensatoire (MPVM) ou de paiement compensatoire (courtier), la somme est réputée, jusqu’à concurrence du paiement sous-jacent auquel elle se rapporte, avoir été reçue par le contribuable au cours de l’année : a) si le paiement sous-jacent est un dividende imposable versé sur une action du capital-actions d’une société publique (sauf s’il s’agit d’un paiement sous-jacent auquel s’applique l’alinéa b)), à titre de dividende imposable sur l’action et, si le paragraphe (1.1) s’applique à la somme, à titre de dividende déterminé sur l’action; b) si le paiement sous-jacent est fait par une fiducie sur une unité de fiducie déterminée qu’elle a émise : (i) à titre de montant du revenu de la fiducie qui, dans la mesure où le paragraphe 104(13) s’applique au paiement sous-jacent : (A) d’une part, a été payé par la fiducie au contribuable en sa qualité de bénéficiaire de la fiducie, (B) d’autre part, a été attribué au contribuable par la fiducie, jusqu’à concurrence de toute somme qu’elle a validement désignée, en vertu de la présente loi, au destinataire du paiement sous-jacent; Deductibility Subsections 112(2.01) and (2.3) — ordering Dividend refund
Remboursement de dividendes
Pour l’application de l’article 129, si une société verse une somme pour laquelle aucune déduction ne peut être demandée, en vertu des paragraphes (6.1) ou (6.2), dans le calcul de son revenu et que cette somme est réputée par le paragraphe (5.1) avoir été reçue par une autre personne à titre de dividende imposable, les règles ci-après s’appliquent : a) la société, si elle n’est pas un courtier en valeurs mobilières inscrit, est réputée avoir versé la somme à titre de dividende imposable; b) la société, si elle est un courtier en valeurs mobilières inscrit, est réputée avoir versé le tiers de la somme à titre de dividende imposable. Retenue d’impôt des non-résidents
Pour l’application de la partie XIII, toute somme versée ou portée au crédit, dans le cadre d’un mécanisme de prêt de valeurs mobilières ou d’un mécanisme de prêt de valeurs mobilières déterminé : a) à titre de paiement compensatoire (MPVM) relatif à un titre qui ne constitue pas une unité de fiducie déterminée, est, sous réserve de l’alinéa c), réputée : (i) d’une part, jusqu’à concurrence du montant d’intérêts versé sur le titre, être un paiement d’intérêts fait par l’emprunteur au prêteur, (ii) d’autre part, jusqu’à concurrence du montant de dividendes versé sur le titre, être un paiement de dividendes fait par l’emprunteur, en tant que société, au prêteur et payable sur le titre; b) à titre de paiement compensatoire (MPVM) relatif à un titre qui constitue une unité de fiducie déterminée, est réputée, jusqu’à concurrence du paiement sous-jacent auquel le paiement compensatoire (MPVM) se rapporte, être une somme, versée par la fiducie, qui est de même nature et de même composition que le paiement sous-jacent; c) à titre de paiement compensatoire (MPVM) est réputée être un paiement d’intérêts fait par l’emprunteur au prêteur, si les conditions ci-après sont réunies : (i) le titre transféré ou prêté à l’emprunteur dans le cadre du mécanisme est une action du capital-actions d’une société non résidente, (d) as, on account of, in lieu of payment of or in satisfaction of, a fee for the use of the security is deemed to be a payment of interest made by the borrower to the lender. exceeds Effect for tax treaties — dividend (i) le titre qui est transféré ou prêté à l’emprunteur dans le cadre du mécanisme est une action d’une catégorie du capital-actions d’une société non-résidente, (ii) l’emprunteur et le prêteur ont un lien de dépendance, (iii) le mécanisme n’est pas un mécanisme entièrement garanti; d) au titre ou en paiement intégral ou partiel de frais pour l’usage du titre, est réputée être un paiement d’intérêts fait par l’emprunteur au prêteur. Frais réputés sur titre (8.1) Pour l’application de l’alinéa (8)d), l’emprunteur, s’il fournit au prêteur, dans le cadre d’un mécanisme de prêt de valeurs mobilières ou d’un mécanisme de prêt de valeurs mobilières déterminé, de l’argent comme garantie ou contrepartie du titre, mais ne paie pas au prêteur, ni ne porte à son crédit, aux termes du mécanisme, une somme raisonnable au titre ou en paiement intégral ou partiel de frais pour l’usage du titre, est réputé avoir payé au prêteur dans le cadre du mécanisme à titre de frais pour l’usage du titre une somme égale à l’excédent de la somme visée à l’alinéa a) sur celle visée à l’alinéa b) : a) les intérêts sur l’argent, calculés au taux d’intérêt prescrit en vigueur pendant la durée du mécanisme; b) l’excédent de toute somme que le prêteur verse à l’emprunteur, ou porte à son crédit, dans le cadre du mécanisme, sur le montant d’argent. Traités fiscaux — intérêts (8.2) Pour l’application du sous-alinéa (8)a)(i), si un mécanisme de prêt de valeurs mobilières ou un mécanisme de prêt de valeurs mobilières déterminé est un mécanisme entièrement garanti, tout paiement de compensation (MPVM) réputé être un paiement d’intérêts fait par l’emprunteur au prêteur est réputé, pour l’application des traités fiscaux, être payable sur le titre. Traités fiscaux — dividendes (8.3) Pour l’application du sous-alinéa (8)a)(ii), si la valeur mobilière est une action d’une catégorie du capital-actions d’une société résidente au Canada (appelée « action canadienne » dans le présent paragraphe), aux fins de déterminer le taux d’impôt que le Canada peut Non-arm’s length compensation payment imposer sur un dividende en raison de l’article concernant les dividendes d’un traité fiscal : a) tout paiement compensatoire (MPVM) réputé être un paiement d’un dividende effectué par l’emprunteur au prêteur est réputé être payé par l’émetteur de l’action canadienne et non pas par l’emprunteur; b) le prêteur est réputé être le bénéficiaire effectif de l’action canadienne; c) les actions du capital-actions de l’émetteur détenues par le prêteur sont réputées conférer à ce dernier moins de 10 % des voix pouvant être exprimées lors d’une assemblée annuelle des actionnaires de l’émetteur et avoir une valeur correspondant à moins de 10 % de la juste valeur marchande de toutes les actions émises et en circulation du capital-actions de l’émetteur, si : (i) d’une part, le mécanisme de prêt de valeurs mobilières ou le mécanisme de prêt de valeurs mobilières déterminé n’est pas un mécanisme entièrement garanti, (ii) d’autre part, l’emprunteur et le prêteur ont un lien de dépendance. Institution financière véritable
Pour l’application du paragraphe 187.3(1), dans le cas où une institution financière véritable reçoit, à un moment donné, un dividende sur une action acquise en dernier lieu avant ce moment en exécution de l’obligation d’un emprunteur de retourner ou de transférer une action dans le cadre d’un mécanisme de prêt de valeurs mobilières, l’action acquise dans le cadre du mécanisme est réputée, à ce moment et par la suite, ne pas être une acquisition de l’action. Paiement compensatoire entre personnes ayant un lien de dépendance (9.1) Pour l’application de la partie XIII, si le prêteur dans le cadre d’un mécanisme de prêt de valeurs mobilières ou d’un mécanisme de prêt de valeurs mobilières déterminé a un lien de dépendance avec l’emprunteur dans le cadre du mécanisme ou avec l’émetteur du titre transféré ou prêté au titre de celui-ci, ou avec l’un et l’autre de ceux-ci, et que le paragraphe (8) réputé un montant être un paiement d’intérêts effectué par une personne au prêteur, le prêteur est réputé, en ce qui a trait à ce paiement, avoir un lien de dépendance avec la personne. Sociétés de personnes
Pour l’application du présent article : a) les sociétés de personnes sont assimilées à des personnes; Income Tax PART XIV Interpretation
--- Impôt sur le revenu
b) la société de personnes dont chacun des associés est un courtier en valeurs mobilières inscrit est réputée être un tel courtier. Sociétés associées d’une société de personnes
La société qui est l’associé d’une société de personnes au cours d’une année d’imposition est réputée : a) pour l’application du paragraphe (5) relativement à l’année d’imposition : (i) d’une part, recevoir la proportion déterminée qui lui revient, pour chaque exercice de la société de personnes se terminant dans l’année, de chaque somme reçue par la société de personnes au cours de cet exercice, (ii) d’autre part, pour ce qui est de la réception de la proportion déterminée de cette somme qui lui revient, être la même personne que la société de personnes; b) pour l’application des alinéas (6.1)a) et (6.2)a) en respect de l’année d’imposition, devenir obligée de verser la proportion déterminée qui lui revient, pour chaque exercice de la société de personnes se terminant dans l’année, de la somme que la société de personnes devient, au cours de cet exercice, obligée de verser à une autre personne aux termes du mécanisme visé à cet alinéa; c) pour l’application de l’article 129 relativement à l’année d’imposition, avoir versé : (i) si la société de personnes n’est pas un courtier en valeurs mobilières inscrit, la proportion déterminée qui lui revient, pour chaque exercice de la société de personnes se terminant dans l’année, de chaque somme versée par la société de personnes, sauf une somme pour laquelle la société peut demander, en application des paragraphes (6.1) ou (6.2), une déduction dans le calcul de son revenu, (ii) dans le cas contraire, le tiers de la proportion déterminée qui lui revient, pour chaque exercice de la société de personnes se terminant dans l’année, de chaque somme versée par la société de personnes, sauf une somme pour laquelle la société peut demander, en application des paragraphes (6.1) ou (6.2), une déduction dans le calcul de son revenu. Particuliers associés d’une société de personnes
Le particulier qui est l’associé d’une société de personnes au cours d’une année d’imposition est réputé : [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 260; 1994, c. 7, Sch. II, s. 198, c. 21, s. 116; 1995, c. 21, s. 7; 2007, c. 2, s. 54; c. 35, s. 66; 2013, c. 34, s. 365; 2018, c. 27, s. 27; 2021, c. 23, s. 64; 2023, c. 26, s. 76; 2024, c. 15, s. 70. Definitions Canadian currency year of a taxpayer means a taxation year that precedes the first functional currency year of the taxpayer. (année de déclaration en monnaie canadienne) (d) any amount that is relevant in determining the amounts described in respect of the taxpayer under paragraphs (a) to (c). (résultats fiscaux canadiens) a) pour l’application du paragraphe (5) relativement à l’année d’imposition : (i) d’une part, recevoir la proportion déterminée qui lui revient, pour chaque exercice de la société de personnes se terminant dans l’année, de chaque somme reçue par la société de personnes au cours de cet exercice, (ii) d’autre part, pour ce qui est de la réception de la proportion déterminée de cette somme qui lui revient, être la même personne que la société de personnes; b) pour l’application du paragraphe 82(1), avoir versé la proportion déterminée qui lui revient, pour chaque exercice de la société de personnes se terminant dans l’année, de chaque somme versée par la société de personnes au cours de cet exercice qui est réputée par le paragraphe (5.1) avoir été reçue par une autre personne à titre de dividende imposable. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] L.R. (1985), ch. 1 (5e suppl.), art. 260; 1994, ch. 7, ann. II, art. 198, ch. 21, art. 116; 1995, ch. 21, art. 7; 2007, ch. 2, art. 54; ch. 35, art. 66; 2013, ch. 34, art. 365; 2018, ch. 27, art. 27; 2021, ch. 23, art. 64; 2023, ch. 26, art. 76; 2024, ch. 15, art. 70. Définitions 261 (1) Les définitions qui suivent s’appliquent au présent article. année de déclaration en monnaie canadienne Toute année d’imposition d’un contribuable qui précède sa première année de déclaration en monnaie fonctionnelle. (Canadian currency year) année de déclaration en monnaie fonctionnelle Toute année d’imposition d’un contribuable relativement à laquelle le paragraphe (5) s’applique au contribuable. (functional currency year) année de rétablissement Toute année d’imposition d’un contribuable qui commence après sa dernière année de déclaration en monnaie fonctionnelle. (reversionary year) créance pré-rétablissement Titre de créance qu’un contribuable a émis avant le début de sa première année de rétablissement. (pre-reversion debt) créance pré-transition Titre de créance qu’un contribuable a émis avant le début de sa première année de déclaration en monnaie fonctionnelle. (pre-transition debt) monnaie admissible Chacune des monnaies ci-après est une monnaie admissible à un moment donné : functional currency year of a taxpayer means a taxation year in respect of which subsection (5) applies to the taxpayer. (année de déclaration en monnaie fonctionnelle) (a) the currency of the United States of America; (b) the currency of the European Monetary Union; (c) the currency of the United Kingdom; (c.1) the currency of Japan; (d) the currency of Australia; and (e) a prescribed currency. (monnaie admissible) a) la monnaie des États-Unis d’Amérique; b) la monnaie de l’Union monétaire européenne; c) la monnaie du Royaume-Uni;
c.1) la monnaie du Japon; d) la monnaie de l’Australie; e) toute monnaie visée par règlement. (qualifying currency) monnaie de déclaration La monnaie de déclaration d’un contribuable pour une année d’imposition, ainsi qu’à tout moment de cette année, est la monnaie dans laquelle ses résultats fiscaux canadiens pour l’année doivent être déterminés. (tax reporting currency) monnaie fonctionnelle La monnaie fonctionnelle d’un contribuable pour une année d’imposition est la monnaie d’un pays étranger qui est, tout au long de l’année, à la fois : a) une monnaie admissible; b) la monnaie principale dans laquelle le contribuable tient ses livres et registres aux fins de présentation de l’information financière. (functional currency) monnaie fonctionnelle choisie La monnaie d’un pays étranger qui était la monnaie fonctionnelle d’un contribuable pour sa première année d’imposition visée par le choix prévu à l’alinéa (3)(b). (elected functional currency) résultats fiscaux canadiens En ce qui concerne un contribuable pour une année d’imposition : a) son revenu, revenu imposable ou revenu imposable gagné au Canada pour l’année; b) son impôt, ou toute autre somme, dû pour l’année en vertu de la présente loi, à l’exception d’une somme à payer au nom d’une autre personne en application du paragraphe 153(1) ou de l’article 215; c) l’impôt, ou toute autre somme, qui lui est remboursable pour l’année en vertu de la présente loi, à l’exception d’une somme remboursable au nom d’une autre personne au titre de sommes à payer au nom de celle-ci en application du paragraphe 153(1) ou de l’article 215; d) toute somme qui est prise en compte dans le calcul des sommes visées aux alinéas a) à c). (Canadian tax results) reversionary year of a taxpayer means a taxation year that begins after the last functional currency year of the taxpayer. (année de rétablissement) Canadian currency requirement Application of subsection (5) taux de change au comptant En ce qui concerne la conversion d’une somme exprimée dans une monnaie donnée en son équivalence dans une autre monnaie, le taux de change au comptant, affiché un jour donné, correspond à l’un ou l’autre des taux suivants : a) si la monnaie donnée ou l’autre monnaie est le dollar canadien, le taux affiché par la Banque du Canada le jour donné (ou, si la Banque du Canada affiche habituellement ce taux mais qu’il n’est pas affiché le jour donné, le jour antérieur le plus proche où il l’est) auquel une unité de la monnaie donnée est changée contre une unité de l’autre monnaie ou, pour l’application des alinéas (2)b) et (5)c), tout autre taux de change que le ministre estime acceptable. (relevant spot rate) b) si ni la monnaie donnée ni l’autre monnaie ne sont le dollar canadien, le taux — calculé par rapport aux taux affichés par la Banque du Canada le jour donné (ou, si la Banque du Canada affiche habituellement ces taux mais qu’ils ne sont pas affichés le jour donné, le jour antérieur le plus proche où ils le sont) auxquels le dollar canadien est changé contre une unité de chacune de ces monnaies — auquel une unité de la monnaie donnée est changée contre une unité de l’autre monnaie ou, pour l’application des alinéas (2)b) et (5)c), tout autre taux de change que le ministre estime acceptable. (relevant spot rate) Monnaie canadienne — exigences
Les règles ci-après s’appliquent au calcul des résultats fiscaux canadiens d’un contribuable pour une année d’imposition : a) sous réserve du présent article, à l’exception du présent paragraphe, la monnaie à utiliser est le dollar canadien; b) sous réserve du présent article, à l’exception du présent paragraphe, des paragraphes 20(14.2) et 79(7) et des alinéas 80(2)k) et 142.7(8)b), toute somme prise en compte dans le calcul de ces résultats et qui est exprimée dans une monnaie autre que le dollar canadien est convertie en son équivalent en dollars canadiens selon le taux de change au comptant affiché le jour où elle a pris naissance. Application du par. (5)
Le paragraphe (5) s’applique à un contribuable pour une année d’imposition donnée si les conditions suivantes sont réunies : a) tout au long de l’année donnée, le contribuable est une société (sauf une société de placement, une société de placement hypothécaire ou une société de placement à capital variable) qui réside au Canada; (f) each reference in --- d) la définition de **taux de change** au paragraphe 111(8) est réputée avoir le libellé ci-après en ce qui concerne le contribuable et l’année donnée et compte tenu des modifications nécessaires : **taux de change** Le taux de change, à un moment donné, relativement à une monnaie donnée autre que la monnaie fonctionnelle choisie du contribuable s’entend du taux de change au comptant, affiché le jour qui comprend ce moment, en vue de la conversion d’une somme exprimée dans la monnaie donnée en son équivalence dans la monnaie fonctionnelle choisie du contribuable, ou d’un taux de change que le ministre estime acceptable. e) sauf pour l’application de l’alinéa 95(2)(f.15) relativement à toute année d’imposition d’une société étrangère affiliée du contribuable qui est une année de déclaration en monnaie fonctionnelle de la société étrangère affiliée au sens du paragraphe (6.1), la mention « monnaie canadienne » au paragraphe 39(2) vaut mention, en ce qui concerne le contribuable et l’année donnée et compte tenu des modifications nécessaires, de « monnaie autre que la monnaie fonctionnelle choisie du contribuable »; f) à la fois : (i) les mentions « dollar canadien » ou « monnaie canadienne », à l’article 76.1, aux paragraphes 20(14.2) et 79(7), à l’alinéa 80(2)(c), aux paragraphes 80.01(11), 80.18(6), 93.2(01) à (2.31), 142.4(1) et 142.7(8) et à la définition de **coût amorti** au paragraphe 248(1), et au sous-alinéa 231(6)(a)(iv) du **Règlement de l’impôt sur le revenu**, valent mention, en ce qui concerne le contribuable et l’année donnée et compte tenu des modifications nécessaires, de « monnaie fonctionnelle choisie du contribuable », (ii) les mentions « monnaie autre que la monnaie canadienne », « monnaie d’un pays étranger » ou « monnaie autre que la monnaie canadienne », au sous-alinéa 94.1(1)(b)(vii), à la définition de **dette en monnaie étrangère** au paragraphe 111(8), au paragraphe 142.4(1) et à la définition de **coût amorti** au paragraphe 248(1), valent mention, en ce qui concerne le contribuable et l’année donnée et compte tenu des modifications nécessaires, de « monnaie autre que la monnaie fonctionnelle choisie du contribuable »; g) la définition de **monnaie étrangère** au paragraphe 248(1) est réputée avoir le libellé ci-après en ce qui (iii) commence le premier jour de la première année de déclaration en monnaie fonctionnelle du contribuable donné ou par la suite; b) sa dernière année de déclaration en monnaie canadienne correspond à son dernier exercice se terminant avant sa première année de déclaration en monnaie fonctionnelle; c) sa première année de rétablissement correspond à son premier exercice qui commence après la dernière année de déclaration en monnaie fonctionnelle du contribuable donné; d) il est assujetti au paragraphe (5) pour chacun de ses exercices qui correspond à sa première année de déclaration en monnaie fonctionnelle, ou qui commence après cette dernière et se termine avant sa première année de rétablissement; e) sa monnaie fonctionnelle choisie relativement à chaque exercice visé à l’alinéa d) correspond à celle du contribuable donné; f) sa dernière année de déclaration en monnaie fonctionnelle correspond à son dernier exercice se terminant avant sa première année de rétablissement. Sociétés étrangères affiliées (6.1) Pour le calcul du revenu étranger accumulé, tiré de biens d’une société étrangère affiliée d’un contribuable donné, relativement à ce contribuable pour chaque année d’imposition qui est une année de déclaration en monnaie fonctionnelle ou une année de rétablissement de ce contribuable, le présent article s’applique comme si, à la fois : a) la société étrangère affiliée était un contribuable qui répond aux conditions suivantes : (i) sa première année de déclaration en monnaie fonctionnelle correspond à sa première année d’imposition qui, à la fois : (A) est une année d’imposition au cours de laquelle il est une société étrangère affiliée du contribuable donné, (B) commence après le 13 décembre 2007, (C) commence le premier jour de la première année de déclaration en monnaie fonctionnelle du contribuable donné ou par la suite, Converting Canadian currency amounts (ii) sa dernière année de déclaration en monnaie canadienne correspond à sa dernière année d’imposition se terminant avant sa première année de déclaration en monnaie fonctionnelle, (iii) sa première année de rétablissement correspond à sa première année d’imposition qui commence après la dernière année de déclaration en monnaie fonctionnelle du contribuable donné, (iv) il est assujetti au paragraphe (5) pour chacune de ses années d’imposition qui correspond à sa première année de déclaration en monnaie fonctionnelle, ou qui commence après cette année, et qui se termine avant sa première année de rétablissement, (v) sa monnaie fonctionnelle choisie relativement à chaque année d’imposition visée au sous-alinéa (iv) correspond à celle du contribuable donné, (vi) sa dernière année de déclaration en monnaie fonctionnelle correspond à sa dernière année d’imposition se terminant avant sa première année de rétablissement; b) les résultats fiscaux canadiens de la société étrangère affiliée pour chaque année d’imposition qui est une année de déclaration en monnaie fonctionnelle ou une année de rétablissement de la société étrangère affiliée au sens de l’alinéa a) correspondant à son revenu étranger accumulé, tiré de biens, relativement au contribuable donné pour l’année d’imposition en cause, et à toute somme qui est prise en compte dans le calcul de ce revenu. Conversion de sommes exprimées en dollars canadiens
Pour l’application de la présente loi à un contribuable pour son année de déclaration en monnaie fonctionnelle (appelée « année donnée » au présent paragraphe), les sommes ci-après, exprimées en dollars canadiens, sont converties en leur équivalence dans la monnaie fonctionnelle choisie du contribuable selon le taux de change au comptant affiché le dernier jour de la dernière année de déclaration en monnaie canadienne du contribuable : a) chaque somme qui, à la fois : (i) représente une somme qui est déductible en application des paragraphes 37(1) ou 66(4), des variables F ou F.1 de la formule figurant à la définition de revenu étranger accumulé, tiré de biens au paragraphe 95(1), des articles 110.1 ou 111 ou des paragraphes 126(2), 127(5), 129(1), 181.1(4) ou 190.1(3) pour l’année donnée, ou est prise en compte dans le calcul d’une telle somme, (d) an amount that (ii) a été déterminée pour une année de déclaration en monnaie canadienne du contribuable; b) le coût pour le contribuable d’un bien qu’il a acquis au cours d’une de ses années de déclaration en monnaie canadienne; c) toute somme qui était à ajouter ou à déduire, en application de l’article 53, dans le calcul, au cours d’une année de déclaration en monnaie canadienne du contribuable, du prix de base rajusté pour lui d’une immobilisation qu’il a acquise au cours d’une telle année; d) toute somme qui, à la fois : (i) se rapporte au montant, relatif au contribuable, de la fraction non amortie du coût en capital d’un bien amortissable d’une catégorie prescrite, des frais cumulatifs d’exploration au Canada (au sens du paragraphe 66.1(6)), des frais cumulatifs d’aménagement au Canada (au sens du paragraphe 66.2(5)), des frais cumulatifs relatifs à des ressources à l’étranger en ce qui a trait à un pays étranger (au sens du paragraphe 66.21(1)) et des frais cumulatifs à l’égard de biens canadiens relatifs au pétrole et au gaz (au sens du paragraphe 66.4(5)) (chacun de ces montants étant appelé somme donnée au présent alinéa), (ii) a été ajoutée à une somme donnée du contribuable, ou déduite d’une telle somme, pour une année de déclaration en monnaie canadienne du contribuable; e) toute somme qui a été déduite ou demandée à titre de provision dans le calcul du revenu du contribuable pour sa dernière année de déclaration en monnaie canadienne; f) toute dépense visée au paragraphe 18(9) que le contribuable a engagée ou effectuée relativement à une de ses années de déclaration en monnaie canadienne et toute somme qui a été déduite à titre de telle dépense dans le calcul de son revenu pour une telle année; g) toute somme qui a été ajoutée ou déduite dans le calcul du capital versé du contribuable au titre d’une catégorie d’actions de son capital-actions au cours d’une de ses années de déclaration en monnaie canadienne; h) toute somme, sauf celles visées aux alinéas a) à g) ou à l’un des paragraphes (6), (6.1 et (8), déterminée (b) applying paragraph 80(2)(k) in respect of a functional currency year of the taxpayer. Income Tax PART XVI Interpretation
A × B/C where A is Impôt sur le revenu
a) dans le cas où le contribuable aurait réalisé un gain ou, la créance n’étant pas au titre du capital, aurait eu un revenu (appelés « gain ou revenu hypothétique » au présent alinéa) attribuable à la fluctuation de la valeur d’une monnaie si la créance avait été réglée au moyen du paiement par lui, immédiatement avant la fin de sa dernière année de déclaration en monnaie canadienne, d’une somme égale au principal (exprimé dans la monnaie dans laquelle la créance est libellée, appelée « monnaie de la créance » au présent paragraphe) à ce moment, le contribuable est réputé avoir réalisé un gain ou avoir eu un revenu, selon le cas, pour l’année d’imposition égal à la somme obtenue par la formule suivante : A × B/C où : A représente : (i) si l’année d’imposition est une année de déclaration en monnaie fonctionnelle du contribuable, le montant du gain ou revenu hypothétique converti en son équivalence dans la monnaie fonctionnelle choisie par le contribuable selon le taux de change au comptant affiché le dernier jour de la dernière année de déclaration en monnaie canadienne du contribuable, (ii) si l’année d’imposition est une année de rétablissement du contribuable, le montant déterminé selon le sous-alinéa (i) converti en dollars canadiens selon le taux de change au comptant affiché le dernier jour de la dernière année de déclaration en monnaie fonctionnelle du contribuable, B le montant du paiement donné, exprimé dans la monnaie de la créance, C le principal de la créance au début de la première année de déclaration en monnaie fonctionnelle du contribuable, exprimé dans la monnaie de la créance; b) dans le cas où le contribuable aurait subi une perte ou, la créance n’étant pas au titre du capital, aurait eu une perte (appelées « perte hypothétique » au présent alinéa) attribuable à la fluctuation de la valeur d’une monnaie si la créance avait été réglée au moyen du paiement par lui, immédiatement avant la fin de sa dernière année de déclaration en monnaie canadienne, d’une somme égale au principal (exprimé dans la monnaie de la créance) à ce moment, le contribuable est réputé avoir subi une perte relativement au paiement donné, pour l’année d’imposition égal à la somme qui serait (a) for the purposes of determining the taxpayer’s payment obligations under paragraph 157(1)(a) or (1.1)(a), Remisage de dettes libellées en monnaie étrangère (10.1) Aux fins du calcul du gain d’un contribuable en vertu du paragraphe (10), si, à un moment donné, une créance pré-transition du contribuable (appelé débiteur au présent paragraphe) qui est libellée dans une monnaie autre que le dollar canadien devient une dette remisée (au sens du paragraphe 39(2.02)), le débiteur est réputé avoir effectué, à ce moment, un paiement donné au titre du principal de la créance égal à des montants ci-après qui s’appliquent : a) si la créance est devenue une dette remisée à ce moment en raison de son acquisition par le détenteur de la créance, le montant qui représente la partie du montant payé par le détenteur pour acquérir la créance qu’il est raisonnable de considérer comme se rapportant au principal de la créance à ce moment; b) sinon, la portion raisonnable de la juste valeur marchande de la créance qui est attribuable au principal de la créance à ce moment. Calcul des sommes payables
Malgré les paragraphes (5) et (7), pour l’application de la présente loi relativement à une année de déclaration en monnaie fonctionnelle d’un contribuable (appelée « année donnée » au présent paragraphe) : a) pour le calcul des obligations de paiement du contribuable en vertu des alinéas 157(1)a) ou (1.1)a) : (i) les montants estimatifs — dont chacun est visé aux sous-alinéas 157(1)a)(i) ou (1.1)a)(i) — qui sont payables par le contribuable pour l’année donnée sont déterminés dans la monnaie fonctionnelle choisie du contribuable, puis convertis en dollars canadiens selon le taux de change au comptant affiché le jour où ils sont exigibles, (ii) les règles ci-après s’appliquent à la première base des acomptes provisionnels, au sens du paragraphe 157(4), du contribuable pour l’année donnée : (A) si l’année donnée est la première année de déclaration en monnaie fonctionnelle du contribuable, le montant de cette base est déterminé compte non tenu du présent article, (B) dans les autres cas, ce montant est déterminé comme si les impôts payables par le contribuable pour son année de déclaration en monnaie fonctionnelle (appelée « année de première base » au présent alinéa) précédant l’année donnée correspondaient au total des sommes suivantes : (I) le total des obligations de paiement du contribuable en vertu des alinéas 157(1)(a) ou (1.1)(a), déterminés selon le présent sous-alinéa ou les sous-alinéas (ii) ou (iii), selon le cas, pour l’année de première base, (II) le solde des impôts payables par le contribuable en vertu des alinéas 157(1)(b) ou (1.1)(b), déterminé selon l’alinéa b) pour l’année de première base; (iii) les règles ci-après s’appliquent à la deuxième base des acomptes provisionnels, au sens du paragraphe 157(4), du contribuable pour l’année donnée : (A) si l’année donnée est la première année de déclaration en monnaie fonctionnelle du contribuable ou son année d’imposition suivant immédiatement cette année, la deuxième base est déterminée compte non tenu du présent article, (B) dans les autres cas, ce montant est déterminé comme si les impôts payables par le contribuable pour son année de déclaration en monnaie fonctionnelle (appelée « année de deuxième base » au présent sous-alinéa) précédant l’année de première base correspondaient au total des sommes suivantes : (I) le total des obligations de paiement du contribuable en vertu des alinéas 157(1)(a) ou (1.1)(a), déterminés selon le présent sous-alinéa ou les sous-alinéas (ii) ou (iii), selon le cas, pour l’année de deuxième base, (II) le solde des impôts payables par le contribuable en vertu des alinéas 157(1)(b) ou (1.1)(b), déterminé selon l’alinéa b) pour l’année de deuxième base; b) le solde des impôts payables par le contribuable en vertu des alinéas 157(1)(b) ou (1.1)(b) pour l’année donnée s’obtient au moyen des opérations suivantes : (i) le calcul de l’excédent de la somme visée à la division (A) sur celle visée à la division (B) : Income Tax PART XVI Interpretation
exceeds (A) le total des impôts payables par le contribuable en vertu des parties I, VI, VI.1 et XIII.1 pour l’année donnée, déterminé dans la monnaie fonctionnelle choisie du contribuable, (B) le total des sommes représentant chacune la somme obtenue par la conversion du montant d’une obligation de paiement du contribuable pour l’année donnée — déterminée en vertu des alinéas 157(1)a) ou (1.1)a) par application des sous-alinéas a)(i), (ii) ou (iii), selon le cas — en son équivalent dans la monnaie fonctionnelle choisie du contribuable selon le taux de change au comptant affiché le jour où l’obligation de paiement est exigible, (ii) la conversion de la somme déterminée selon le sous-alinéa (i) en dollars canadiens selon le taux de change au comptant affiché à la date d’exigibilité du solde applicable au contribuable pour l’année donnée; c) pour le calcul d’une somme, sauf un montant d’impôt, qui est payable par le contribuable en vertu des parties I, VI, VI.1 ou XIII.1 pour l’année donnée, l’impôt payable par le contribuable en vertu de la partie pour l’année donnée est réputé être égal au total des sommes suivantes : (i) le total des obligations de paiement du contribuable en vertu des alinéas 157(1)a) ou (1.1)a) relativement à la partie en cause, déterminés selon les sous-alinéas a)(i), (ii) ou (iii), selon le cas, pour l’année donnée, (ii) le solde des impôts payables par le contribuable en vertu des alinéas 157(1)b) ou (1.1)b) relativement à la partie en cause, déterminé selon l’alinéa b) pour l’année donnée; d) les montants d’impôt qui sont payables par le contribuable pour l’année donnée en vertu de la présente loi (sauf les parties I, VI, VI.1 et XIII.1) sont déterminés par la conversion de ces montants, déterminés dans la monnaie fonctionnelle choisie du contribuable, en dollars canadiens selon le taux de change au comptant affiché le jour où ces montants sont exigibles; e) toute somme déterminée dans la monnaie fonctionnelle choisie du contribuable qui est réputée être payée à un moment donné au titre d’une somme payable par le contribuable en vertu de la présente loi pour l’année donnée est convertie en dollars canadiens selon le taux de change au comptant affiché le jour qui comprend ce moment; Application of subsections (7) and (8) to reversionary years Pre-reversion debts (b) applying paragraph 80(2)(k) in respect of a reversionary year of the taxpayer. A × B/C where A × B/C Income Tax PART XVII Interpretation
Impôt sur le revenu
perte, selon le cas, relativement au paiement donné pour l’année de rétablissement égal à la somme qui serait obtenue par la formule figurant à l’alinéa a) si le passage « du gain ou revenu hypothétique » à l’élément A de cette formule était remplacé par « de la perte hypothétique ». Remisage de dettes libellées en monnaie étrangère (14.1) Aux fins du calcul du gain d’un contribuable en vertu du paragraphe (14), si, à un moment donné, une créance pré-rétablissement du contribuable (appelé débiteur au présent paragraphe) qui est libellée dans une monnaie autre que la monnaie fonctionnelle choisie du contribuable devient une dette remise (au sens du paragraphe 39.2(02)), le débiteur est réputé avoir effectué, à ce moment, un paiement au titre du principal de la créance égal à celui des montants ci-après qui s’applique : a) si la créance est devenue une dette remise à ce moment en raison de son acquisition par le détenteur de la créance, le montant qui représente la partie du montant payé par le détenteur pour acquérir la créance et qu’il est raisonnable de considérer comme se rapportant au principal de la créance à ce moment; b) sinon, le montant qui représente la partie de la juste valeur marchande de la créance qu’il est raisonnable de considérer comme se rapportant au principal de la créance à ce moment. Report de sommes
Pour le calcul de la somme qui est déductible au titre d’une somme donnée qui prend naissance au cours d’une année d’imposition (appelée « année ultérieure » au présent paragraphe) d’un contribuable, en application de l’article 111 ou des paragraphes 126(2), 127(5), 181.1(4) ou 190.13(1), dans le calcul des résultats fiscaux canadiens du contribuable pour une année d’imposition (appelée « année courante » au présent paragraphe) s’étant terminée avant l’année ultérieure, et aux fins de la somme applicable en réduction de la somme incluse en application du paragraphe 91(1) pour l’année courante en raison de la réduction mentionnée à l’alinéa 152.6(1)b) relativement à l’année ultérieure, les règles ci-après s’appliquent : a) si l’année ultérieure est une année de déclaration en monnaie fonctionnelle pour le contribuable et l’année courante, une année de déclaration en monnaie canadienne pour lui, les sommes ci-après, exprimées dans la monnaie fonctionnelle choisie du contribuable, sont converties en dollars canadiens selon le taux de change au comptant affiché le dernier jour de la dernière année de déclaration en monnaie canadienne : (i) la somme donnée, et (d) in any other case, this subsection does not apply. Windings-up Liquidation
Dans le cas où une liquidation visée au paragraphe 88(1) commence à un moment donné (appelé « début de la liquidation » au présent paragraphe) et où la société mère et la filiale visées à ce paragraphe auraient, en l'absence du présent paragraphe, des monnaies de déclaration différentes à ce moment, les règles ci-après s'appliquent lorsqu'il s'agit de déterminer les résultats fiscaux canadiens de la filiale pour ses années d'imposition se terminant après ce moment : a) dans le cas où la monnaie de déclaration de la filiale est le dollar canadien : (i) malgré le paragraphe (3), le paragraphe (5) est réputé s'appliquer à la filiale pour son année d'imposition qui comprend le début de la liquidation et pour chacune de ses années d'imposition postérieures, (ii) la monnaie fonctionnelle choisie de la filiale est réputée correspondre à la monnaie de déclaration de la société mère, (iii) dans le cas où l'année d'imposition de la filiale qui comprend le début de la liquidation serait, en l'absence du présent paragraphe, une année de rétablissement, le présent article s'applique avec les adaptations nécessaires; b) dans les cas contraires : (i) la filiale est réputée avoir produit, à la date qui précède de six mois et un jour le début de son année d'imposition qui comprend le début de la liquidation, l'avis de révocation visé au paragraphe (4) selon le formulaire prescrit et les modalités prescrites, (ii) si la monnaie de déclaration de la société mère n'est pas le dollar canadien : (A) la première année de rétablissement de la filiale est réputée avoir pris fin au moment qui suit immédiatement son début, (B) une nouvelle année d'imposition de la filiale est réputée avoir commencé immédiatement après ce moment, (C) malgré le paragraphe (3), le paragraphe (5) est réputé s'appliquer à la filiale pour son année d'imposition qui comprend le début de la liquidation et pour chacune de ses années d'imposition postérieures. Amalgamations Income Tax PART XVI Interpretation
Mergers Impôt sur le revenu
(i) soit par la société à une autre société (appelées respectivement « cédant » et « cessionnaire » au présent paragraphe), (ii) soit par une autre société à la société (appelées respectivement « cédant » et « cessionnaire » au présent paragraphe); b) le cédant et le cessionnaire sont liés au moment du transfert ou le deviennent dans le cadre d’une série d’opérations ou d’événements comprenant le transfert; c) selon le cas : (i) le moment du transfert est compris dans une année de déclaration en monnaie fonctionnelle du cédant ou du cessionnaire, ou le serait en l’absence des paragraphes (16) et (17), et le cédant et le cessionnaire ont ou auraient, en l’absence de ces paragraphes, des monnaies de déclaration différentes à ce moment, (ii) le moment du transfert est compris dans une année de rétablissement du cédant, ou le serait en l’absence de ces paragraphes, et n’est pas compris dans une année de rétablissement du cessionnaire; d) il est raisonnable de considérer que l’un des principaux objets du transfert ou d’une partie quelconque d’une série d’opérations ou d’événements comprenant le transfert consiste à changer, ou à permettre de changer, la monnaie dans laquelle seraient déterminés par ailleurs les résultats fiscaux canadiens relatifs aux biens, ou à des biens de remplacement, pour une année d’imposition; e) le ministre ordonne que ces résultats fiscaux canadiens soient déterminés dans la monnaie donnée. Fusion
Pour l’application du paragraphe (18), si une société (appelée « nouvelle société » au présent paragraphe) est issue, à un moment donné, de la fusion ou de l’absorption de plusieurs sociétés (appelées chacune « société remplacée » au présent paragraphe), les règles suivantes s’appliquent : a) la société remplacée est réputée avoir transféré à la nouvelle société, au moment (appelé « moment du transfert » au présent paragraphe) qui précède immédiatement le moment donné, chaque bien qu’elle détenait au moment du transfert et que détenait au moment donné la nouvelle société; Application of subsection (21) (i) increased the taxpayer’s loss in respect of the specified transaction, (ii) reduced the taxpayer’s income or gain in respect of the specified transaction, or Income, gain or loss determinations b) la nouvelle société est réputée exister, et être liée à la société remplacée, au moment du transfert; c) la monnaie de déclaration de la nouvelle société au moment du transfert est réputée correspondre à sa monnaie de déclaration au moment donné. Application du par. (21)
Le paragraphe (21) s’applique au calcul du revenu, du gain ou de la perte d’un contribuable pour une année d’imposition relativement à une opération (appelée « opération déterminée » au présent paragraphe et au paragraphe (21)) dans le cas où, à la fois : a) l’opération déterminée a été conclue, directement ou indirectement, par le contribuable et une personne (appelée « personne liée » au présent paragraphe) à laquelle le contribuable est lié au moment de la conclusion de l’opération; b) le contribuable et la personne liée avaient des monnaies de déclaration différentes au cours de la période (appelée « période d’accumulation » au présent paragraphe) dans laquelle le revenu, le gain ou la perte s’est accumulé; c) en l’absence du présent paragraphe et du paragraphe (21), il serait raisonnable de considérer qu’une fluctuation au cours de la période d’accumulation de la valeur de la monnaie de déclaration du contribuable par rapport à la valeur de la monnaie de déclaration de la personne liée a eu pour effet : (i) soit d’accroître la perte du contribuable relativement à l’opération déterminée, (ii) soit de réduire le revenu ou le gain du contribuable relativement à l’opération déterminée, (iii) soit de faire subir une perte au contribuable, et non de lui faire réaliser un revenu ou un gain, relativement à l’opération déterminée. Calcul du revenu, du gain ou de la perte
En cas d’application du présent paragraphe, chaque fluctuation de valeur mentionnée à l’alinéa (20)c) est réputée ne pas s’être produite lorsqu’il s’agit de déterminer le revenu, le gain ou la perte du contribuable relativement à l’opération déterminée et malgré toute autre disposition de la présente loi. Opérations de sociétés de personnes
Pour l’application du présent paragraphe et des paragraphes (18) à (21) : [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2007, c. 35, s. 67; 2009, c. 2, s. 80; 2013, c. 34, ss. 38, 77; 2014, c. 39, s. 77; 2016, c. 12, s. 89; 2017, c. 33, s. 81; 2023, c. 26, s. 77. Authority to designate stock exchange Timing Transition Income Tax
PART XVIII Definitions electronic filing means using electronic media in a manner specified by the Minister. (transmission électronique) Impôt sur le revenu
Processus élargi de déclaration de renseignements Définitions 263 (1) Les définitions qui suivent s’appliquent à la présente partie. accord S’entend au sens de l’article 2 de la Loi de mise en œuvre de l’Accord Canada–États-Unis pour un meilleur échange de renseignements fiscaux. (agreement) compte déclarable américain Compte financier qui, selon l’accord, doit être considéré comme un compte déclarable américain. (U.S. reportable account) institution financière canadienne non déclarante Toute institution financière canadienne ou autre entité résidant au Canada qui, selon les cas : a) est visée à l’une des sous-sections C, D et G à J de la section III de l’annexe II de l’accord; b) démontre de façon adéquate qu’elle est visée à l’une des sous-sections A, B, E et F de la section III de l’annexe II de l’accord; c) remplit les conditions nécessaires pour être un bénéficiaire effectif exempté selon les dispositions applicables des Treasury Regulations des États-Unis en vigueur à la date de la signature de l’accord; d) démontre de façon adéquate qu’elle remplit les conditions nécessaires pour être une IFE réputée conforme, au sens donné au terme deemed-compliant FFI dans les dispositions applicables des Treasury Regulations des États-Unis en vigueur à la date de la signature de l’accord. (non-reporting Canadian financial institution) institution financière particulière Institution financière qui est, selon le cas : a) une banque régie par la Loi sur les banques ou une banque étrangère autorisée, au sens de l’article 2 de cette loi, dans le cadre des activités que cette dernière exerce au Canada; b) une coopérative de crédit, une caisse d’épargne et de crédit ou une caisse populaire régie par une loi provinciale; (d) makes a reasonable determination that it qualifies as a deemed-compliant FFI under relevant U.S. Treasury Regulations in effect on the date of signature of the agreement. (institution financière canadienne non déclarante) c) une association régie par la Loi sur les associations coopératives de crédit; d) une coopérative de crédit centrale, au sens de l’article 2 de la Loi sur les associations coopératives de crédit, ou une centrale de caisses de crédit ou une fédération de caisses de crédit ou de caisses populaires régie par une loi provinciale ou par une loi édictée par la législature du Québec; e) une coopérative de services financiers régie par la Loi sur les coopératives de services financiers, L.R.Q., ch. C-67.3, ou la Loi sur le Mouvement Desjardins, L.Q. 2000, ch. 77; f) une société d’assurance-vie ou une société d’assurance-vie étrangère régie par la Loi sur les sociétés d’assurances ou une société d’assurance-vie régie par une loi provinciale; g) une société régie par la Loi sur les sociétés de fiducie et de prêt; h) une société de fiducie régie par une loi provinciale; i) une société de prêt régie par une loi provinciale; j) une entité autorisée en vertu de la législation provinciale à se livrer au commerce des valeurs mobilières ou d’autres instruments financiers ou à fournir des services de gestion de portefeuille, de conseils en placement, d’administration de fonds ou de gestion de fonds; k) une entité qui est présentée au public comme étant un mécanisme de placement collectif, un fonds commun de placement, un fonds négocié en bourse, un fonds de capital-investissement, un fonds spéculatif, un fonds de capital-risque, un fonds de rachat d’entreprise par effet de levier ou un mécanisme de placement similaire qui est établi pour faire des investissements dans des actifs financiers, ou de les négocier tels actifs, et qui est géré par une entité visée à l’alinéa j); l) une entité qui est une chambre ou une agence de compensation; m) un ministère ou un mandataire de Sa Majesté du chef du Canada ou d’une province qui se livre à l’acceptation de dépôts. (listed financial institution) transmission électronique La transmission de documents par voie électronique selon les modalités établies par le ministre. (electronic filing) Financial institution Financial account Identification number Term defined in agreement Amending instrument Institution financière
Pour l’application de la présente partie, les termes institution financière canadienne et institution financière canadienne déclarante et les sens qui leur serait donné dans l’accord et le terme institution financière canadienne non déclarante, au paragraphe (1), a le sens qui lui serait donné par ce paragraphe si la définition Institution financière, à l’alinéa 1g) de l’article 1 de l’accord, avait le libellé suivant : g) Le terme institution financière désigne une entité — établissement de garde de valeurs, établissement de dépôt, entité d’investissement ou compagnie d’assurance particulière — qui est une institution financière particulière au sens de la partie XVIII de la Loi de l’impôt sur le revenu. Compte financier
Pour l’application de la présente partie, l’accord s’applique comme si le sous-alinéa (1) de la définition de compte financier, à l’alinéa 1s) de l’article 1 de l’accord : (1.1) un compte qui est un compte de nom de client tenu par une personne ou une entité autorisée en vertu de la législation provinciale à exercer des activités de commerce des valeurs mobilières ou d’autres instruments financiers ou à fournir des services de gestion de portefeuille ou de conseils en placement; Numéro d’identification
Pour l’application de la présente partie, les mentions « NIF canadien » et « numéro d’identification fiscal » figurant dans l’accord valent également mention du numéro d’assurance sociale. Terminologie
Pour l’application de la présente partie, les termes qui n’y sont pas définis s’entendent au sens de l’accord. Texte modificatif
Nul n’encourt de responsabilité pour ne pas s’être conformé à une obligation imposée par la présente loi qui découle d’une modification apportée à l’accord, sauf si, à la date du prétendu manquement, selon le cas : a) le texte de la modification avait été publié dans la Gazette du Canada; b) des mesures raisonnables avaient été prises pour que les intéressés soient informés de la teneur de la modification. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2014, ch. 20, art. 101. (d) a new entity account described in paragraph A of section V of Annex I to the agreement. U.S. reportable account Due diligence — general Due diligence — no designation des comptes visés à la sous-section A de la section II de l’annexe I de l’accord, les procédures exposées aux sous-sections D et E de cette section, sous réserve de la sous-section F de cette section; c) s’agissant de nouveaux comptes de particuliers, à l’exception des comptes visés à la sous-section A de la section III de l’annexe I de l’accord, les procédures exposées à la sous-section B de cette section; d) s’agissant de comptes d’entités préexistants, à l’exception des comptes visés à la sous-section A de la section IV de l’annexe I de l’accord, les procédures exposées aux sous-sections D et E de cette section; e) s’agissant de nouveaux comptes d’entités, à l’exception des comptes visés à la sous-section A de la section V de l’annexe I de l’accord, les procédures exposées aux sous-sections B à E de cette section. Diligence raisonnable — comptes non désignés
L’institution financière canadienne déclarante qui ne désigne pas un compte financier en application du paragraphe 264(1) pour une année civile est tenue de suivre les procédures de diligence raisonnable ci-après à l’égard du compte : a) s’agissant d’un compte de particulier préexistant visé à la sous-section A de la section II de l’annexe I de l’accord, les procédures exposées aux sous-sections B et C de cette section, sous réserve de la sous-section F de cette section; b) s’agissant d’un nouveau compte de particulier visé à la sous-section A de la section III de l’annexe I de l’accord, les procédures exposées à la sous-section B de cette section; c) s’agissant d’un compte d’entité préexistant visé à la sous-section A de la section IV de l’annexe I de l’accord, les procédures exposées aux sous-sections D et E de cette section; d) s’agissant d’un nouveau compte d’entité visé à la sous-section A de la section V de l’annexe I de l’accord, les procédures exposées aux sous-sections B à E de cette section. Règles et définitions
Les paragraphes 1 à 3 de la sous-section B de la section I de l’annexe I de l’accord ainsi que la section VI de cette annexe s’appliquent dans le cadre des paragraphes (2) et (3). Toutefois : a) pour l’application de l’alinéa C de la section VI, un solde de compte ayant une valeur négative est réputé nul; et 2 NFFE U.S. indicia Financial institution a) pour l’application de la sous-section C de cette section VI, le compte dont le solde est négatif est réputé avoir un solde nul; b) la définition de EENF au paragraphe 2 de la sous-section B de cette section VI est réputée avoir le libellé suivant : 2 EENF Le terme EENF (entité étrangère non financière) désigne toute entité non américaine qui n’est pas une IFE, au sens donné au terme FFI dans les Treasury Regulations des États-Unis, ou qui est une entité visée à l’alinéa 4j) de la sous-section B de la présente section. Il comprend aussi toute entité non américaine qui, selon le cas : a) réside au Canada et n’est pas une institution financière particulière au sens de la partie XVIII de la Loi de l’impôt sur le revenu; b) réside dans une juridiction partenaire autre que le Canada et n’est pas une institution financière. Indices américains
Pour l’application des alinéas (2)a) et b), du sous-alinéa (2)c)(ii), de l’alinéa (3)a) et du sous-alinéa (3)b)(ii), le paragraphe 3 de la sous-section B de la section II de l’annexe I de l’accord est réputé avoir le libellé suivant : 3 Si l’examen des données par voie électronique révèle la présence de l’un quelconque des indices américains énumérés au sous-alinéa 1 de la sous-section B de la présente section ou s’il se produit un changement de circonstances ayant pour conséquence qu’un ou plusieurs indices américains sont associés au compte, l’institution financière canadienne déclarante est tenue d’obtenir les renseignements visés dans la partie du paragraphe 4 de la sous-section B de la présente section qui s’applique dans les circonstances et doit considérer le compte comme un compte déclarable américain, sauf si l’une des exceptions figurant au paragraphe 4 s’applique à ce compte. Institution financière
Pour l’application des procédures mentionnées aux alinéas (2)d) et e) et (3)c) et d) au compte financier d’un titulaire de compte qui réside au Canada, la définition institution financière, à l’alinéa 1g) de l’article 1 de l’accord, est réputée avoir le libellé suivant : g) Le terme institution financière désigne une entité — établissement de garde de valeurs, établissement de dépôt, entité d’investissement ou compagnie d’assurance particulière — qui est une institution financière Dealer accounts Dealer accounts (a) subsections (1) to (4) do not apply to the institution in respect of the account; and particulière au sens de la partie XVIII de la Loi de l’impôt sur le revenu. Comptes de courtiers
Le paragraphe (8) s’applique à une institution financière canadienne déclarante relativement à un compte nom de client qu’elle tient si, à la fois : a) les biens portés au compte sont également portés à un compte financier (appelé « compte connexe » au présent paragraphe et au paragraphe (8)) tenu par une institution financière (appelée « courtier » à ces mêmes paragraphes) qui est autorisée en vertu de la législation provinciale à se livrer au commerce des valeurs mobilières ou d’autres instruments financiers ou à fournir des services de gestion de portefeuille ou de conseils en placement; b) le courtier a fait savoir à l’institution financière si le compte connexe est un compte déclarable américain. Toutefois, le paragraphe (8) ne s’applique pas si l’institution financière peut raisonnablement conclure que le courtier ne s’est pas conformé aux obligations qui lui sont imposées en vertu du présent article. Comptes de courtiers
En cas d’application du présent paragraphe à une institution financière canadienne déclarante relativement à un compte nom de client : a) les paragraphes (1) à (4) ne s’appliquent pas à l’institution financière relativement au compte; b) l’institution financière se fie à la détermination faite par le courtier relativement au compte connexe pour déterminer si ce compte est un compte déclarable américain. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs applicables.] 2014, ch. 20, art. 101; 2016, ch. 12, art. 70. Déclaration — comptes déclarables américains 266 (1) Toute institution financière canadienne déclarante est tenue de présenter au ministre, avant le 2 mai de chaque année civile, une déclaration de renseignements sur le formulaire prescrit concernant chaque compte déclarable américain tenu par elle au cours de l’année civile précédente et après le 29 juin 2014. Déclaration — institutions financières non participantes
Toute institution financière canadienne déclarante est tenue de présenter au ministre, avant le 2 mai de chaque année civile, une déclaration de renseignements sur le formulaire prescrit concernant les paiements faits Filing of return Form of records Retention of records Deemed-compliant FFI Income Tax Sections 269-270 PART XIX Definitions (iii) upon maturity of the cash value insurance contract or annuity contract, each person entitled to receive a payment under the contract. (titulaire de compte) (b) either Impôt sur le revenu
la présente partie s’applique à elle, avec les modifications nécessaires, dans la mesure où l’accord lui impose des obligations de diligence raisonnable et de déclaration. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] ; 2014, ch. 20, art. 101.
Norme commune de déclaration Définitions 270 (1) Les définitions qui suivent s’appliquent à la présente partie. actif financier a) D’une part, comprend les actifs suivants : (i) un titre, notamment les titres suivants : (A) une action du capital-actions d’une société, (B) une participation au revenu ou au capital d’une fiducie à participation multiple ou cotée en bourse, (C) un billet, une obligation, un effet ou une autre preuve de créance, (ii) une participation dans une société de personnes, (iii) une marchandise, (iv) un swap (y compris un contrat d’échange de taux d’intérêt, de devise, de taux de référence, de marchandises ou de créances contre des actifs, un contrat de garantie de taux plafond ou de taux plancher, un contrat indiciel boursier et tout autre accord similaire), (v) un contrat d’assurance ou de rente, (vi) toute participation ou tout droit ou intérêt (y compris un contrat à terme ou contrat à terme de gré à gré ou une option) attaché à un titre, une participation dans une société de personnes, une marchandise, un swap ou un contrat d’assurance ou de rente; (i) a governmental entity, (ii) an international organization, (iii) a central bank, or (d) both (A) a private equity fund, (B) a venture capital fund, (e) the NFE b) d’autre part, ne comprend pas une part directe dans un bien réel ou immeuble ou dans un droit ou intérêt sur un tel bien, sans recours à l’emprunt. (financial asset) banque centrale Institution qui, en vertu d’une loi ou d’une décision gouvernementale, constitue l’autorité principale, autre que le gouvernement de la juridiction proprement dit, ayant compétence dans la juridiction pour émettre des instruments destinés à être utilisés comme monnaie et peut inclure un organisme distinct du gouvernement de la juridiction, qu’il soit ou non détenu en tout ou en partie par cette juridiction. (central bank) compagnie d’assurance particulière Entité qui est un organisme d’assurance (ou la société de portefeuille d’un organisme d’assurance) qui établit des contrats d’assurance avec valeur de rachat ou des contrats de rente ou qui est tenu d’effectuer des paiements au titre de tels contrats. (specified insurance company) compte déclarable Compte qui, à la fois : a) est détenu : (i) soit par une ou plusieurs personnes devant faire l’objet d’une déclaration, (ii) soit par une ENF passive relativement à laquelle une ou plusieurs personnes détenant le contrôle sont des personnes devant faire l’objet d’une déclaration; b) a été identifié, conformément aux procédures de diligence raisonnable exposées aux articles 272 à 277, comme un compte visé à l’alinéa a). (reportable account) compte de dépositaire Compte, sauf un contrat d’assurance ou de rente, sur lequel figurent ou plusiers actifs financiers au bénéfice d’une autre personne. (custodial account) compte de dépôt S’entend notamment : a) des comptes commerciaux, des comptes de chèques, d’épargne ou de cartes de crédit, dont l’existence est attestée par un certificat de dépôt, un certificat d’épargne, un certificat d’investissement, un titre de créance ou un instrument similaire auprès d’une institution financière dans le cours normal d’une activité bancaire ou d’une activité similaire; b) des sommes détenues par des organismes d’assurance en vertu d’un contrat de placement garanti ou d’un accord semblable ayant pour objet de verser ou (i) it (ENF active) créditer des intérêts au titre du contrat. (depository account) compte de faible valeur Compte de particulier préexistant dont le solde ou la valeur total au 30 juin 2017 n’excède pas 1 000 000 USD. (lower value account) compte d’entité préexistant Compte préexistant détenu par une ou plusieurs entités. (preexisting entity account) compte de particulier préexistant Compte préexistant détenu par un ou plusieurs particuliers, sauf des fiducies. (preexisting individual account) compte de valeur élevée Compte de particulier préexistant dont le solde ou la valeur total excède 1 000 000 USD au 30 juin 2017 ou au 31 décembre d’une année ultérieure. (high value account) compte exclu S’entend des comptes et contrats suivants : a) le compte de retraite ou de pension à l’égard duquel les exigences ci-après sont remplies : (i) le compte est : (A) soit réglementé en tant que compte de retraite personnel, (B) soit fait partie d’un fonds de retraite ou de pension agréé ou réglementé qui prévoit le versement de prestations de retraite ou de pension (y compris des prestations d’invalidité ou de décès), (ii) le compte bénéficie d’un traitement fiscal favorable selon lequel : (A) soit les cotisations au compte qui seraient par ailleurs assujetties à l’impôt sont déductibles ou exclues du revenu brut du titulaire de compte ou imposées à taux réduit, (B) soit l’imposition du revenu de placement produit par le compte est différée ou ce revenu est imposé à taux réduit, (iii) le compte est un compte à l’égard duquel des renseignements doivent être communiqués au ministre, (iv) les retraits du compte : anti-money laundering and know your customer procedures or AML/KYC procedures means the record keeping, verification of identity, reporting of suspicious transactions and registration requirements required of a reporting financial institution under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. (procédures de connaissance de la clientèle et de lutte contre le blanchiment d’argent ou procédures AML/KYC) (A) allowed only upon the occurrence of specified events related to retirement, disability or death (except rollover distributions to broad participation retirement funds, narrow participation retirement funds and pension funds of a governmental entity, international organization or (A) soit sont permis uniquement à partir de l’âge fixé pour le départ à la retraite ou de la survenue d’une invalidité ou d’un décès, (B) soit sont assortis de pénalités s’ils sont effectués avant que les événements visés à la division (A) ne se produisent, (v) suivant l’application des règles prévues au paragraphe 277(3) à l’ensemble des comptes similaires, le plafond de cotisation annuel au compte est de 50 000 USD ou le plafond de cotisation cumulatif à vie est de 1 000 000 USD (et un compte qui remplit par ailleurs cette exigence ne peut être considéré comme ne la remplissant pas du seul fait qu’il peut recevoir des actifs ou des fonds transférés d’un ou de plusieurs comptes qui remplissent les exigences énoncées au présent alinéa ou à l’alinéa b)) sont remplis ou d’un ou de plusieurs comptes de retraite à large participation, fonds de retraite à participation étroite ou fonds de pension désigné); b) le compte à l’égard duquel les exigences ci-après sont remplies : (i) l’un ou l’autre des énoncés ci-après se vérifie à l’égard du compte : (A) le compte, à la fois : (I) est réglementé en tant que mécanisme de placement à des fins autres que la retraite, (II) fait régulièrement l’objet de transactions sur un marché boursier réglementé, (B) le compte est réglementé en tant que véhicule d’épargne à des fins autres que la retraite, (ii) le compte bénéficie d’un traitement fiscal favorable selon lequel : (A) soit les cotisations au compte qui seraient par ailleurs assujetties à l’impôt sont déductibles ou exclues du revenu brut du titulaire ou ne sont imposées à taux réduit, (B) soit l’imposition du revenu de placement produit par le compte est différée ou ce revenu est imposé à taux réduit, (iii) les retraits du compte : (A) soit doivent remplir certains critères liés à l’objet du compte d’investissement ou d’épargne (y compris le versement de prestations d’éducation ou médicales), (fonds de retraite à large participation) (a) either (b) a listed financial institution as defined in subsection 263(1). (institution financière canadienne) (B) soit sont assortis de pénalités s’ils sont effectués avant que les critères mentionnés à la division (A) ne soient remplis, (iv) suivant l’application des règles prévues au paragraphe 277(3) à l’ensemble des comptes semblables, les cotisations annuelles au compte sont assujetties à un plafond de 50 000 USD (et un compte qui remplit par ailleurs cette exigence ne peut être considéré comme ne la remplissant pas du seul fait qu’il peut recevoir des actifs ou des fonds transférés d’un ou de plusieurs comptes à l’égard desquels les exigences énoncées à l’alinéa a) ou au présent alinéa sont remplies ou d’un ou de plusieurs fonds de retraite à large participation, fonds de retraite à participation étroite ou fonds de pension désignés); c) le contrat d’assurance-vie dont la période de couverture se termine avant que l’assuré n’atteigne 90 ans et à l’égard duquel les exigences ci-après sont remplies : (i) des primes périodiques, dont la somme n’est pas diminuée dans la durée, sont dues au moins une fois par an jusqu’à la première de ces dates : (A) la date qui correspond à la fin de la durée du contrat, (B) la date à laquelle l’assuré atteint 90 ans, (ii) nul ne peut bénéficier de prestations en vertu du contrat (par retrait ou prêt ou autrement) sans résilier le contrat, (iii) la somme, sauf une somme au titre d’une prestation de décès, à payer en cas d’annulation ou de résiliation du contrat n’excède pas la somme obtenue par la formule suivante : A – (B + C) où : A représente le total des primes versées au titre du contrat, B le total des frais de mortalité, de morbidité et d’exploitation (qu’ils soient ou non imposés) pour la période ou les périodes d’existence du contrat, C le total des sommes versées avant l’annulation ou la résiliation du contrat, (iv) le contrat n’a pas été acquis par un cessionnaire à titre onéreux; cash value insurance contract means an insurance contract (other than an indemnity insurance contract between two insurance companies) that has a cash value. (contrat d’assurance avec valeur de rachat) (a) in the case of a trust, d) le compte qui est détenu uniquement par la succession d’un particulier décédé, si la documentation relative au compte comprend une copie du testament ou certificat de décès du particulier; e) le compte qui a été ouvert relativement à l’un des éléments suivants : (i) une ordonnance d’un tribunal ou une décision judiciaire, (ii) la vente, l’échange ou la location d’un bien, si le compte satisfait aux exigences suivantes : (A) le compte est financé : (I) soit uniquement par un acompte, un dépôt, le dépôt d’une somme suffisante pour assurer l’exécution d’une obligation directement liée à l’opération en cause ou un paiement similaire, (II) soit par un actif financier qui est versé dans le compte relativement à la vente, l’échange ou la location du bien, (B) le compte est ouvert et utilisé uniquement pour garantir l’une des obligations suivantes : (I) celle de l’acheteur de payer le prix d’achat du bien, (II) celle du vendeur de payer tout passif éventuel, (III) celle du bailleur ou locataire de payer tout dommage lié au bien loué selon ce qui est convenu dans le bail, (C) les actifs du compte, y compris le revenu tiré du compte, seront payés ou autrement distribués au profit de l’acheteur, du vendeur, du bailleur ou du locataire (y compris pour le remplir l’obligation d’une telle personne) au moment de la vente, de l’échange ou du désistement du bien ou à la fin du bail, (D) le compte n’est pas un compte sur marge ni un compte similaire ouvert relativement à la vente ou à l’échange d’un actif financier, (E) le compte n’est pas associé à un compte visé à l’alinéa f), (iii) l’obligation d’une institution financière qui assure le service d’un prêt garanti par un bien immeuble ou réel de mettre en réserve une partie d’un Income Tax
those described in paragraph (a). (personnes déte- nant le contrôle) (compte de dépositaire) custodial institution means an entity, if the entity’s vices equals or exceeds 20% of the entity’s gross income entity’s last fiscal period, and istence. (établissement de garde de valeurs) (a) any commercial, chequing, savings, time or thrift cate of deposit, thrift certificate, investment certifi- dépôt) business. (établissement de dépôt) the payee claims to be a resident; Impôt sur le revenu
paiement uniquement pour faciliter le paiement ul- térieur de taxes ou d’assurance liées au bien, (iv) l’obligation d’une institution financière unique- ment pour faciliter le paiement ultérieur de taxes; f) le compte de dépôt à l’égard duquel les exigences ci- après sont remplies : (i) le compte existe du seul fait qu’un client effectue un paiement d’une somme supérieure au solde exi- gible au titre d’une carte de crédit ou d’une carte crédit de crédit renouvelable et l’excédent n’est pas immédiatement remis au client, (ii) après juin 2017, le compte est assujetti à l’appli- cation de règles et procédures relatives aux paie- ments excédentaires (étant entendu qu’aux fins du calcul du paiement excédentaire d’un client sont ex- clus les soldes créditeurs dans la mesure où ils sont attribuables à des transactions contestées, telles sont inclus les soldes créditeurs résultant de retours de marchandises) visant : (A) soit à empêcher un client d’effectuer un paiement excédentaire supérieur à la somme de 50 000 USD, (B) soit à veiller à ce que tout paiement excédentaire supérieur à la somme de 50 000 USD soit remboursé au client dans un délai de 60 jours; g) le compte visé par règlement. (excluded account) compte financier Compte auprès d’une institution fi- nancière qui : a) d’une part, comprend les comptes et titres sui- vants : (i) un compte de dépôt, (ii) un compte de dépositaire, (iii) dans le cas d’une entité d’investissement, tout
tion financière, ou des titres émis par une enti- té qui est une entité d’investissement ou au seul fait qu’elle exerce l’une des activités suivantes : (A) donner des conseils en matière d’investisse- ment à un client et agir pour le compte d’un client à des fins d’investissement, de gestion ou d’administration d’actifs financiers versés au nom du client auprès d’une institution financière autre que l’entité, (d) any audited financial statement, third-party credit report, bankruptcy filing or securities regulator’s report. (preuve documentaire) equity or debt interest includes, in the case of a partnership that is a financial institution, either a capital or profits interest in the partnership. (titre de participation ou d’intérêt) (B) gérer des portefeuilles pour un client et agir pour le compte d’un client à des fins d’investissement, de gestion ou d’administration d’actifs financiers versés au nom du client auprès d’une institution financière autre que l’entité, (iv) tout titre de participation ou de créance dans l’institution financière si l’un des objets de la création d’une catégorie de tels titres était de se soustraire aux obligations de déclaration prévues à l’article 271, sauf de tels titres émis par une entité qui est une entité d’investissement du seul fait qu’elle remplit les conditions visées aux divisions (iii)(A) ou (B), (v) tout contrat d’assurance avec valeur de rachat et tout contrat de rente établi par une institution financière, autre qu’une rente viagère immédiate, incessible et non liée à un placement qui est accordée à un particulier et qui correspond à une pension de retraite ou d’invalidité versée dans le cadre d’un compte qui est un compte exclu, (vi) un compte qui est un compte de non de client tenu par une personne ou une entité qui est autorisée en vertu de la législation provinciale à se livrer au commerce des valeurs mobilières ou d’autres instruments financiers ou à fournir des services de gestion de portefeuille ou de conseils en placement; b) d’autre part et malgré l’alinéa a), ne comprend pas un compte exclu. (financial account) compte préexistant Compte financier qui, selon le cas : a) est tenu par une institution financière déclarante au 30 juin 2017; b) est détenu par un titulaire de compte (autre qu’un compte financier visé à l’alinéa a)) auprès d’une institution financière déclarante et à l’égard duquel les énoncés ci-après se vérifient : (i) le titulaire de compte détient également auprès de l’institution financière déclarante (ou d’une entité liée présente au Canada) un compte financier qui est un compte préexistant en application de l’alinéa a), (ii) l’institution financière déclarante (et, le cas échéant, l’entité liée présente au Canada) considère à la fois les deux comptes financiers précités et tout autre compte financier du titulaire de compte qui est un compte préexistant en application de l’alinéa a) comme un seul et même compte financier aux fins suivantes : (A) conditioned on reaching a specified retirement age, disability or death, or (A) aux fins de respecter les critères de connaissance et les règles établis à la présente partie (B) aux fins de calculer le solde ou la valeur de l’un des comptes financiers, lors de l’application de l’un des seuils relatifs au compte, (iii) s’agissant d’un compte financier qui est assujetti aux procédures AML/KYC, l’institution financière déclarante peut se conformer à ces procédures relativement au compte financier en s’appuyant sur les procédures AML/KYC réalisées relativement au compte préexistant visé à l’alinéa (a), (iv) l’ouverture du compte financier n’est pas conditionnelle à la communication de renseignements nouveaux, supplémentaires ou modifiés concernant le client par le titulaire du compte autres que ceux qui doivent être communiqués en vertu de la présente partie. (preexisting account) contrat d’assurance Contrat, sauf un contrat de rente, dans lequel l’émetteur s’engage à verser une somme d’argent en cas de réalisation d’un risque déterminé comportant un décès, une maladie, un accident, une responsabilité civile ou tout autre événement prévu au contrat. (insurance contract) contrat d’assurance avec valeur de rachat Contrat d’assurance, sauf un contrat de réassurance conclu entre deux organismes d’assurance, avec une valeur de rachat. (cash value insurance contract) contrat d’assurance de groupe avec valeur de rachat Contrat d’assurance avec valeur de rachat en vertu duquel, à la fois : a) des particuliers qui sont affiliés par l’entremise d’un employeur, d’une association professionnelle, d’un syndicat ou d’un autre groupe ou association sont couverts; b) une prime est exigée pour chaque membre du groupe (ou chaque membre d’une catégorie du groupe) et est calculée compte tenu de caractéristiques de santé autres que l’âge, le sexe et la consommation de tabac du membre (ou une catégorie de membres) du groupe. (group cash value insurance contract) contrat de rente Contrat en vertu duquel l’émetteur s’engage à effectuer des versements pour une période déterminée en tout ou en partie par rapport à l’espérance de vie d’une ou de plusieurs personnes physiques, et pris en contrat à l’égard duquel les énoncés ci-après se vérifient : A – (B + C) where a) le contrat est considéré comme un contrat de rente conformément à la législation, la réglementation ou la pratique de la juridiction dans laquelle le contrat a été établi; b) l’émetteur s’engage aux termes du contrat à effectuer des versements pour un nombre d’années. (annuity contract) contrat de rente de groupe Contrat de rente en vertu duquel les obligations sont des particuliers associés par l’entremise d’un employeur, d’une association professionnelle, d’un syndicat ou de tout autre groupe ou association. (group annuity contract) émetteur de carte de crédit déterminé Institution financière à l’égard de laquelle les énoncés ci-après se vérifient : a) l’institution financière est une ou seul fait qu’elle est un émetteur de cartes de crédit qui n’accepte des dépôts que lorsqu’un client effectue un paiement dont le montant dépasse le solde dû relativement à la carte et que cet excédent n’est pas immédiatement remis au client; b) l’institution financière est dotée de règles et procédures visant à empêcher un client d’effectuer un paiement excédentaire supérieur à 50 000 dollars, en sorte qu’un tel paiement excédentaire soit remboursé au client au-delà de 60 jours, en application des règles prévues au paragraphe 277(3) concernant la totalisation des soldes de compte; pour l’application du présent alinéa, l’excédent de paiement d’un client exclut les soldes créditeurs dans la mesure où ils sont attribuables à des transactions contestées mais inclut les soldes créditeurs résultant de retours de marchandises. (qualified credit card issuer) ENF active Toute ENF qui à un moment donné satisfait à un ou à plusieurs des critères suivants : a) moins de 50 % du revenu brut de l’ENF pour l’exercice précédent constitue un revenu passif et moins de 50 % des actifs détenus par l’ENF au cours de l’exercice précédent sont des actifs qui produisent un revenu passif ou qui sont détenus à cette fin; b) l’un ou l’autre des énoncés ci-après se vérifie relativement à l’ENF : (i) les participations, droits ou intérêts dans l’ENF font régulièrement l’objet de transactions sur un marché boursier réglementé, (ii) elle est une entité liée à une entité dont les participations, droits ou intérêts font régulièrement l’objet de transactions sur un marché boursier réglementé; c) l’ENF est, selon le cas : (i) une entité gouvernementale, (ii) une organisation internationale, (iii) une banque centrale, (iv) une entité détenue à cent pour cent par une ou plusieurs des entités visées aux sous-alinéas (i) à (iii); d) les énoncés ci-après se vérifient relativement à l’ENF : (i) les activités de l’ENF consistent pour l’essentiel à détenir (en tout ou en partie) les actions en circulation d’une ou de plusieurs de ses filiales se livrant à des opérations ou à des activités qui ne sont pas celles d’une institution financière, ou à fournir du financement et des services à de telles filiales, (ii) l’ENF ne fonctionne ni se présente comme un fonds de placement, y compris les fonds de placement suivants : (A) un fonds de capital-investissement, (B) un fonds de capital-risque, (C) un fonds de rachat d’entreprise par effet de levier, (D) tout autre mécanisme de placement dont l’objet est d’acquérir ou de financer des sociétés puis d’y conserver un intérêt ou une participation sous la forme d’actifs à des fins d’investissement; e) les énoncés ci-après se vérifient : (i) l’ENF n’exerce pas encore d’activités, (ii) elle n’en a jamais exercées précédemment, (iii) elle investit des capitaux dans des actifs en vue d’exercer une activité autre que celle d’une institution financière, (iv) elle est initialement constituée au plus 24 mois avant ce moment; Income Tax
(g) a prescribed account. (compte exclu) (i) a depository account, (ii) a custodial account, Impôt sur le revenu
f) l’ENF n’a jamais été une institution financière durant les cinq années précédentes et est en voie de liquider ses actifs ou de se restructurer en vue de poursuivre ou de reprendre une activité autre que celle d’une institution financière; g) l’ENF se livre principalement à des opérations de financement ou de couverture avec des entités liées qui ne sont pas des institutions financières ou pour celles-ci et ne fournit pas de services de financement ou de couverture à des entités qui ne sont pas des entités liées, à condition que le groupe de ces entités liées se livre principalement à une activité autre que celle d’une institution financière; h) l’ENF remplit les conditions suivantes : (i) l’ENF : (A) soit a été constituée et est exploitée dans sa juridiction de résidence exclusivement à des fins religieuses, caritatives, scientifiques, artistiques, culturelles, sportives ou éducatives, (B) soit a été constituée et est exploitée dans sa juridiction de résidence et est une organisation professionnelle, une ligne d’affaires, une chambre de commerce, un syndicat, un organisme agricole ou horticole, une ligue d’amélioration civique ou un organisme dont l’objet exclusif est de promouvoir le bien-être collectif, (ii) elle est exonérée de l’impôt sur le revenu dans sa juridiction de résidence, (iii) elle n’a ni actionnaires ni membres qui ont des droits de propriété ou de bénéficiaire sur son revenu ou ses actifs, (iv) le droit applicable dans sa juridiction de résidence ou ses documents constitutifs ne permettent pas que son revenu ou ses actifs soient distribués à une personne physique ou à une entité non caritative, ou utilisés à leur bénéfice, sauf dans le cadre des activités caritatives de l’ENF ou à titre de paiement raisonnable pour services rendus ou de versement représentant la juste valeur marchande d’un bien que l’ENF a achetée, (v) le droit applicable dans sa juridiction de résidence ou ses documents constitutifs prévoient que, lors de sa liquidation ou dissolution, tous ses actifs sont distribués à une entité gouvernementale ou à une autre organisation à but non lucratif, soit établie ou gouvernée de la juridiction de résidence de l’ENF ou de l’une de ses subdivisions politiques. (active NFE) (C) a note, bond, debenture or other evidence of indebtedness, (ii) a partnership interest, (iii) a commodity, ENF passive L’une ou l’autre des entités suivantes : a) l’entité non financière qui n’est pas une ENF active; b) l’entité qui, à la fois : (i) est visée à l’alinéa b) de la définition de entité d’investissement, (ii) n’est pas une institution financière d’une juridiction partenaire. (passive NFE) entité Toute personne (sauf une personne physique) ou tout arrangement à caractère juridique telle une société, une société de personnes, une fiducie ou une fondation. (entity) entité d’investissement Toute entité, sauf une entité qui est une ENF active par l’effet de l’un des alinéas d) à g) de la définition de ce terme, à l’égard de laquelle l’un des énoncés ci-après se vérifie : a) l’entité exerce comme activité principale une ou plusieurs des prestations ou opérations suivantes pour ou pour le compte de clients : (i) des opérations de négociation sur un marché monétaire (y compris des chèques, billets, certificats de dépôts et produits dérivés), le marché des changes, les valeurs mobilières négociables, les marchés à terme de marchandises ou les instruments sur devises, taux d’intérêts ou indices, (ii) la gestion individuelle ou collective de portefeuille, (iii) d’autres opérations d’investissement, d’administration ou de gestion d’actifs financiers ou d’argent pour le compte de tiers; b) l’entité est gérée par une autre entité qui est un établissement de dépôt, un établissement de garde de valeurs, une compagnie d’assurance particulière ou une entité d’investissement visée à l’alinéa a) et son revenu brut est principalement attribuable aux activités d’investissement, de réinvestissement ou de négociation d’actifs financiers. (investment entity) entité gouvernementale Le gouvernement d’une juridiction, toute subdivision politique d’une juridiction (étant entendu que la mention « subdivision politique » vaut mention notamment de « État », « province », « comté » ou « municipalité »), un organisme public remplissant des fonctions d’un gouvernement dans une juridiction ou tout organisme ou intermédiaire d’une juridiction qui est détenu à cent pour cent par une ou plusieurs Income Tax
financial institution means an entity, other than a passive NFE, that is a custodial institution, a depository institution, an investment entity or a specified insurance company. (institution financière) (iii) the entity’s assets vest in one or more governmental entities upon liquidation and dissolution; Impôt sur le revenu
des entités précitées, pourvu qu’il soit une partie intégrante ou une entité contrôlée d’une juridiction (ou une subdivision politique d’une juridiction). Aux fins de la présente définition, les règles ci-après s’appliquent : a) sont une partie intégrante d’une juridiction les personnes, organisations, agences, bureaux, fonds, intermédiaires et autres organismes, quelle que soit leur désignation, qui constituent des autorités dirigeantes d’une juridiction et dont le revenu net — aucun partie duquel ne pouvant échoir à une personne privée — doit être porté au crédit de leurs propres comptes ou d’autres comptes de la juridiction (étant entendu que n’est pas une partie intégrante tout dirigeant, responsable ou administrateur agissant à titre privé ou personnel); b) est une entité contrôlée l’entité qui, d’une part, est de forme distincte de la juridiction ou qui constitue par ailleurs une entité juridiquement séparée et, d’autre part, satisfait aux critères suivants : (i) elle est la propriété, et est contrôlée, en tout ou en partie par une ou plusieurs entités gouvernementales, directement ou par l’intermédiaire d’une ou de plusieurs entités contrôlées, (ii) son revenu net est porté au crédit de son propre compte ou des comptes d’une ou de plusieurs entités gouvernementales et ne peut, en tout ou en partie, échoir à une personne privée, (iii) ses actifs sont dévolus à une ou plusieurs entités gouvernementales lors de sa liquidation ou dissolution; c) aux fins des alinéas a) et b), les règles ci-après s’appliquent : (i) le revenu net est réputé ne pas échoir à des personnes privées si elles sont les bénéficiaires visées d’un programme public et si les activités réalisées dans ce programme sont accomplies à l’intention du grand public dans l’intérêt général ou pour le compte et à l’administration du gouvernement, (ii) le revenu est réputé échoir à des personnes privées s’il provient du recours à une entité gouvernementale dans le but de mener une activité commerciale qui fournit des services financiers à des personnes privées. (governmental entity) entité liée Une entité est une entité liée à une autre si l’une ou l’autre de ces entités contrôle l’autre ou si ces deux entités sont contrôlées par la même entité ou par le même particulier (et, dans le cas de deux entités d’investissement visées à l’alinéa b) de la définition de entité d’investissement, elles sont toutes deux placées sous une direction commune et cette direction s’acquitte des obligations de diligence raisonnable qui incombent aux entités d’investissement en cause). À cette fin, le contrôle comprend la propriété directe ou indirecte des biens suivants : a) s’agissant d’une société, des actions du capital-actions d’une société qui, à la fois : (i) confèrent aux détenteurs plus de 50 % des voix pouvant être exprimées à l’assemblée annuelle des actionnaires de la société, (ii) ont une juste valeur marchande supérieure à 50 % de la juste valeur marchande de l’ensemble des actions émises et en circulation du capital-actions de la société; b) s’agissant d’une société de personnes, une participation à titre d’associé de la société de personnes qui donne droit à l’associé à plus de 50 % : (i) soit du revenu de la société de personnes, (ii) soit des actifs (net du passif) de la société de personnes dans l’éventualité où elle cesserait d’exister; c) s’agissant d’une fiducie, une participation à titre de bénéficiaire de la fiducie dont la juste valeur marchande est supérieure à 50 % de la juste valeur marchande de l’ensemble des participations à titre de bénéficiaire de la fiducie. (related entity) entité non financière ou ENF Entité qui, selon le cas : a) réside au Canada et n’est pas une institution financière canadienne; b) est une entité non-résidente et n’est pas une institution financière. (non-financial entity ou NFE) établissement de dépôt Entité qui accepte des dépôts dans le cours normal d’une activité bancaire ou d’une activité similaire. (depository institution) établissement de garde de valeurs Entité qui exerce le revenu brut attribuable à la détention d’actifs financiers pour le compte de tiers et aux services financiers connexes est égal ou supérieur à 20 % de son revenu brut durant la plus courte des périodes suivantes : a) la période de trois ans qui se termine à la fin du dernier exercice de l’entité; (d) participants that are not resident in Canada are not entitled to more than 20% of the fund’s assets; and natural person means an individual other than a trust. (personne physique) b) la période écoulée depuis la création de l’entité. (custodial institution) fonds de pension désigné Fonds établi par une entité gouvernementale, une organisation internationale ou une banque centrale en vue de verser des prestations de retraite, d’invalidité ou de décès à des bénéficiaires ou membres qui : a) soit sont des employés actuels ou d’anciens employés (ou des personnes désignées par ces employés), b) soit ne sont ni des employés actuels ni d’anciens employés, si les prestations qui leur sont versées sont en contrepartie de services personnels rendus à l’entité gouvernementale, l’organisation internationale ou la banque centrale. (pension fund of a governmental entity, international organization or central bank) fonds de retraite à large participation Fonds qui est établi en vue de verser des prestations de retraite, d’invalidité ou de décès à des bénéficiaires qui ne sont pas exclusivement des actuels ou d’anciens employés des employeurs en contrepartie des services rendus à ces employeurs ou à des personnes désignées par ces employés, si les conditions suivantes sont réunies : a) aucun de ses bénéficiaires n’a de droit sur plus de 5 % de ses actifs; b) il est assujetti à la réglementation gouvernementale et communique des renseignements au ministre; c) il remplit l’une ou plusieurs des conditions suivantes : (i) en sa qualité de régime de retraite ou de pension, le fonds est généralement exonéré de l’impôt sur son revenu de placement ou l’imposition de ce revenu est différée ou ce revenu est imposé à taux réduit, (ii) le fonds reçoit des employeurs qui le financent au moins 50 % du total de ses cotisations (compte non tenu des transferts d’actifs de fonds de retraite à large participation, de fonds de retraite à participation étroite et de régimes de retraite et de pension visés à l’alinéa a) de la définition de compte exclu), (iii) il s’agit d’un fonds les versements ou retraits duquel : (A) soit sont autorisés uniquement dès que se produisent des événements déterminés en lien avec le départ à la retraite, l’invalidité ou le décès (nouveau compte) new entity account means a new account held by one or more entities. (nouveau compte d’entité) non-financial entity or NFE means an entity if (b) in the case of a non-resident entity, it is not a financial institution. (entité non financière ou ENF) (a) the Bank of Canada; (d) an exempt collective investment vehicle; (f) a prescribed entity. (institution financière non déclarante) (a) Canada; and (à l’exception des versements périodiques à des fonds de retraite à large participation, des fonds de retraite à participation étroite, des fonds de pension désignés ou à des comptes de retraite et de pension visés à l’alinéa a) de la définition de compte exclu), (B) soit sont assortis de pénalités applicables s’ils sont effectués avant que de tels événements déterminés ne se produisent, (iv) les cotisations, sauf les cotisations de rattrapage autorisées, qu’un employé verse au fonds : (A) soit sont limitées en fonction de la rémunération de l’employé, (B) soit ne peuvent pas excéder 50 000 USD par an, en appliquant les règles prévues au paragraphe 277(3). (broad participation retirement fund) fonds de retraite à participation étroite Fonds qui est établi en vue de verser des prestations de retraite, d’invalidité ou de décès à des bénéficiaires qui ont été employés actuels ou anciens de un ou de plusieurs employeurs en contrepartie de services rendus et à l’égard duquel les énoncés ci-après se vérifient : a) le fonds compte moins de 50 membres; b) le fonds est financé par un ou plusieurs employeurs qui ne sont ni des entités d’investissement ni des ENF passives; c) les cotisations des employés ou des employeurs au fonds (compte non tenu des transferts d’actifs de comptes de retraite et de pension visés à l’alinéa a) de la définition de compte exclu) sont limitées en fonction de la rémunération de l’employé; d) les membres du fonds qui ne résident pas au Canada ont droit à au plus 20 % des actifs du fonds; e) le fonds est assujetti à la réglementation gouvernementale et communique des renseignements au ministre. (narrow participation retirement fund) institution financière Toute entité, sauf une ENF passive, qui est un établissement de garde de valeurs, un établissement de dépôt, une entité d’investissement ou une compagnie d’assurance particulière. (financial institution) institution financière canadienne Institution financière qui est, à la fois : a) l’une ou l’autre des entités suivantes : (i) toute institution financière qui réside au Canada, à l’exclusion de ses succursales situées à l’extérieur du Canada, (ii) toute succursale, située au Canada, d’une institution financière qui ne réside pas au Canada; b) une institution financière particulière, au sens du paragraphe 263(1). (Canadian financial institution) institution financière déclarante Toute institution financière canadienne qui n’est pas une institution financière non déclarante. (reporting financial institution) institution financière d’une juridiction partenaire a) L’institution financière qui réside dans une juridiction partenaire, à l’exclusion de ses succursales situées à l’extérieur d’une juridiction partenaire; b) la succursale, située dans une juridiction partenaire, d’une institution financière qui ne réside pas dans une juridiction partenaire. (participating jurisdiction financial institution) institution financière non déclarante Institution financière canadienne qui est, selon le cas : a) la Banque du Canada; b) une entité gouvernementale ou organisation internationale, sauf relativement à un paiement résultant d’une obligation détenue en lien avec une activité financière commerciale exercée par une compagnie d’assurance particulière, un établissement de garde de valeurs ou un établissement de dépôt; c) un fonds de retraite à large participation, un fonds de retraite à participation étroite, un fonds de retraite déterminé ou une carte de crédit déterminé; d) un mécanisme de placement collectif dispensé; e) une fiducie dont l’un des fiduciaires, à la fois, est une institution financière déclarante et communique tous les renseignements devant être déclarés en vertu de la présente partie relativement à l’ensemble des comptes déclarables de la fiducie; f) une entité visée par règlement. (non-reporting financial institution) juridiction partenaire a) Le Canada; preexisting entity account means a preexisting account held by one or more entities. (compte d’entité préexistant) b) toute juridiction qui est désignée à titre de juridiction partenaire par le ministre sur le site Internet de l’Agence du revenu du Canada ou par tout autre moyen qu’il estime indiqué. (participating jurisdiction) juridiction soumise à déclaration Juridiction autre que le Canada et les États-Unis d’Amérique. (reportable jurisdiction) marché boursier réglementé Bourse à l’égard de laquelle les énoncés ci-après se vérifient : a) elle est officiellement reconnue et surveillée par une autorité gouvernementale qui a compétence sur le territoire où la bourse est située; b) la valeur annuelle des actions qui sont négociées à cette bourse (ou à une bourse remplacée) excède 1 000 000 000 USD durant chacune des trois années civiles précédant immédiatement l’année au cours de laquelle le calcul est effectué (étant entendu qu’à cette fin, si la bourse à plus d’un groupe dans lequel des actions peuvent être cotées ou négociées, la totalité des groupes doit être considérée comme une bourse distincte. (stock exchange) mécanisme de placement collectif dispensé Entité d’investissement qui est réglementée à titre de mécanisme de placement collectif et les droits, intérêts et participations dans laquelle sont détenus par des particuliers ou entités (autres que des ENF passives dont une personne détenant le contrôle est une personne devant faire l’objet d’une déclaration) qui ne sont pas des personnes devant faire l’objet d’une déclaration. (exempt collective investment vehicle) NIF a) Le numéro qui est utilisé par le ministre pour identifier une personne physique ou une entité, y compris les numéros suivants : (i) un numéro d’assurance sociale, (ii) un numéro d’entreprise, (iii) le numéro de compte d’une fiducie; b) relativement à une juridiction autre que le Canada, le numéro d’identification fiscal qui est utilisé dans cette juridiction pour identifier une personne physique ou une entité (ou, en l’absence d’un tel numéro, son équivalent fonctionnel). (TIN) reportable jurisdiction means a jurisdiction other than Canada and the United States of America. (juridiction soumise à déclaration) nouveau compte Compte financier ouvert après juin 2017 auprès d’une institution financière déclarante. (new account) nouveau compte d’entité Nouveau compte détenu par une ou plusieurs entités. (new entity account) nouveau compte de particulier Nouveau compte détenu par un ou plusieurs particuliers autres que des fiducies. (new individual account) organisation internationale Toute organisation internationale (ou tout organisme ou intermédiaire établi en tout ou en partie par cette organisation), y compris une organisation supranationale, à l’égard de laquelle les conditions ci-après se vérifient : a) elle se compose principalement de gouvernements; b) elle a conclu un accord de siège ou un accord substantiellement similaire avec une juridiction; c) ses revenus n’échappent pas à des personnes privées. (international organization) personne devant faire l’objet d’une déclaration Toute personne ou entité d’une juridiction soumise à déclaration, sauf les personnes suivantes : a) une société dont le capital-actions fait régulièrement l’objet de transactions sur un ou plusieurs marchés boursiers réglementés; b) toute société qui est une entité liée à une société visée à l’alinéa a); c) une entité gouvernementale; d) une organisation internationale; e) une banque centrale; f) une institution financière. (reportable person) personne d’une juridiction soumise à déclaration Toute entité ou personne physique qui, sous le régime des lois fiscales d’une juridiction soumise à déclaration, réside dans la juridiction, ou succession d’un particulier qui, immédiatement avant son décès, résidait dans une telle juridiction sous le régime des lois fiscales de la juridiction. À cette fin, une entité sans résidence à des fins fiscales est réputée résider dans la juridiction de son siège de direction effective. (reportable jurisdiction person) personne physique Particulier autre qu’une fiducie. (natural person) Income Tax
(c) a governmental entity; (d) an international organization; (e) a central bank; or (f) a financial institution. (personne devant faire l’objet d’une déclaration) (i) a social insurance number, (ii) a business number, and USD means dollars of the United States of America. (USD) Impôt sur le revenu
personnes détenant le contrôle Relativement à une entité, les personnes physiques qui la contrôlent (la présente définition devant être interprétée conformément aux recommandations du Groupe d’action financière — Normes internationales sur la lutte contre le blanchiment et le financement du terrorisme et la prolifération, adoptées en février 2012 avec leurs modifications successives), y compris les personnes suivantes : a) s’agissant d’une fiducie : (i) ses auteurs, (ii) ses fiduciaires, (iii) ses protecteurs, le cas échéant, (iv) ses bénéficiaires (à cette fin, le bénéficiaire discrétionnaire d’une fiducie est considéré comme bénéficiaire de la fiducie dans une année civile seulement s’il a reçu, ou est devenu en droit de recevoir, une distribution dans l’année civile), (v) toute autre personne physique exerçant en dernier lieu un contrôle effectif sur la fiducie; b) s’agissant de personnes morales autres qu’une fiducie, les personnes dont la situation est équivalente ou similaire aux situations visées à l’alinéa a). (controlling persons) preuve documentaire S’entend notamment des preuves documentaires suivantes : a) une attestation de résidence délivrée par un organisme gouvernemental autorisé (tel un gouvernement ou une agence de celui-ci ou une municipalité) de la juridiction dont le bénéficiaire des paiements affirme être un résident; b) dans le cas d’un particulier, sauf une fiducie, toute pièce d’identité valide délivrée par un organisme gouvernemental autorisé, sur laquelle figure le nom du particulier et qui sert habituellement à l’identifier; c) dans le cas d’une entité, tout document officiel délivré par un organisme gouvernemental autorisé sur lequel figure la dénomination de l’entité et soit l’adresse de son établissement principal dans la juridiction dont elle affirme être résident, soit la juridiction où elle a été constituée; d) tout état financier vérifié, rapport de solvabilité établi par un tiers, dépôt de bilan ou rapport d’un organisme de réglementation des valeurs mobilières. (documentary evidence) procédures de connaissance de la clientèle et de lutte contre le blanchiment d’argent ou procédures AML/KYC Obligations de diligence raisonnable relatives au client qu’une institution financière déclarante est tenue d’observer en vertu de la Loi sur le recyclage des produits de la criminalité et le financement des activités terroristes. (anti-money laundering and know your customer procedures or AML/KYC procedures)
titulaire de compte Les personnes suivantes : a) la personne enregistrée ou identifiée comme titulaire d’un compte financier par l’institution financière qui tient le compte, à l’exception d’une personne (autre qu’une institution financière) qui détient un compte financier pour le compte ou au profit d’une autre personne, en qualité de mandataire, mandataire, signataire, conseiller en placement ou intermédiaire; b) dans le cas d’un contrat d’assurance avec valeur de rachat ou d’un contrat de rente : (i) la personne autorisée à tirer parti de la valeur de rachat ou à changer le bénéficiaire du contrat, (ii) si nul ne peut tirer parti de la valeur de rachat ou changer le bénéficiaire, toute personne qui : (A) soit est désignée comme propriétaire dans le contrat, (B) soit jouit d’un droit absolu à des paiements aux termes du contrat, (iii) à l’échéance du contrat, chaque personne qui est en droit de recevoir un paiement en vertu du contrat. (account holder) USD Dollars des États-Unis d’Amérique. (USD) valeur de rachat Relativement à un contrat détenu par un titulaire de police, la plus élevée des valeurs suivantes : la valeur de rachat déterminée en cas de résiliation du contrat (c’est-à-dire la déduction des frais de rachat ou d’avances policières) et la somme que le titulaire de police recevrait en vertu du contrat ou eu égard à celui-ci, à l’exclusion d’une somme à verser en vertu d’un contrat d’assurance pour l’une des raisons suivantes : a) uniquement en raison du décès d’un particulier assuré en vertu d’un contrat d’assurance-vie; b) au titre d’une prestation pour maladie ou pour préjudice corporel, ou d’une autre prestation, qui indemnise une perte économique subie lors de la réalisation d’un risque assuré; c) au titre d’un remboursement au titulaire de police d’une prime versée antérieurement (déduction faite des frais d’assurance qu’ils soient ou non réellement imposés) dans le cadre d’un contrat d’assurance (sauf un contrat d’assurance sur la vie lié à l’investissement ou un contrat de rente) en raison de l’annulation ou de la résiliation du contrat, d’une diminution de l’exposition au risque durant la période au cours de laquelle le contrat d’assurance est en vigueur ou d’un nouveau calcul de la prime rendue nécessaire par la détection d’une erreur d’écriture ou d’une erreur similaire; d) au titre d’une participation de police du titulaire de police (à l’exception des dividendes versés lors de la résiliation du contrat), à condition que la participation se rapporte à un contrat d’assurance dans le cadre duquel les seules primes versées sont celles visées à l’alinéa b); e) au titre du remboursement d’une prime anticipée ou d’un dépôt de prime pour un contrat d’assurance dont la prime est exigible au moins une fois par an, si le montant de la prime anticipée ou du dépôt de prime ne dépasse pas le montant de la prime à verser pour l’année suivante en vertu du contrat. (cash value) Interpretation Interprétation
La présente partie concerne la mise en œuvre de la Norme commune de déclaration établie dans le cadre de la Norme d’échange automatique de renseignements relatifs aux comptes financiers en matière fiscale approuvée par le Conseil de l’Organisation de coopération et de développement économiques et, sauf indication contraire du contexte, les dispositions de la présente partie sont interprétées de façon compatible avec la Norme commune de déclaration, avec ses modifications. Interpretation — investment entity Entité d’investissement — définition
Pour l’application de la définition « entité d’investissement » au paragraphe (1), une entité exerce comme activité principale une ou plusieurs des opérations visées à l’alinéa a) de cette définition, le revenu brut d’une entité est attribuable principalement à une activité d’investissement, de réinvestissement ou de négociation d’actifs pour l’application de l’alinéa b) de cette définition, si le revenu brut de l’entité est attribuable aux activités correspondantes est égal ou Income Tax Sections 270-271 --- Impôt sur le revenu
supérieur à 50 % de son revenu brut durant la plus courte des deux périodes suivantes : a) la période de trois ans qui se termine à la fin du dernier exercice de l’entité; b) la période écoulée depuis la création de l’entité.
Les règles ci-après s’appliquent relativement à une fiducie qui est une institution financière : a) un titre de participation est réputé détenu par toute personne considérée comme étant l’auteur ou le bénéficiaire de tout ou partie de la fiducie ainsi que par toute autre personne physique exerçant en dernier lieu un contrôle effectif sur la fiducie; b) une personne devant faire l’objet d’une déclaration est considérée comme le bénéficiaire d’une fiducie si elle peut recevoir, directement ou indirectement, une distribution obligatoire de la fiducie ou si elle peut recevoir, directement ou indirectement, une distribution discrétionnaire de la fiducie. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2016, c. 12, art. 71. Déclarations — règles générales 271 (1) Sous réserve des paragraphes (3) et (4), chaque institution financière déclarante communique au ministre les renseignements ci-après relativement à chacun de ses comptes déclarables : a) les nom, adresse, juridiction de résidence, NIF et date de naissance (dans le cas d’une personne physique) de chaque personne devant faire l’objet d’une déclaration qui est titulaire du compte; b) s’agissant d’une entité qui est titulaire de compte relativement au compte et relativement à laquelle, après application des procédures de diligence raisonnable exposées aux articles 275 à 277, il apparaît qu’une ou plusieurs personnes détiennent le contrôle de l’entité et sont des personnes devant faire l’objet d’une déclaration : (i) les nom, adresse, juridiction de résidence et NIF de l’entité, (ii) les nom, adresse, juridiction de résidence, NIF et date de naissance de chacune de ces personnes exerçant le contrôle. Income Tax
(d) the name and identifying number (if any) of the reporting financial institution; (f) in the case of any custodial account, --- Impôt sur le revenu
c) le numéro du compte (ou, en l’absence de ce numéro, son équivalent fonctionnel); d) le nom et le numéro d’identification, le cas échéant, de l’institution financière déclarante; e) le solde ou la valeur du compte (y compris, dans le cas d’un contrat d’assurance avec valeur de rachat ou d’un contrat de rente, la valeur de rachat) établi à celle des dates ci-après qui s’applique : (i) la date qui correspond à la fin de l’année civile considérée ou d’une autre période de référence adéquate, (ii) si le compte a été fermé au cours de l’année ou de la période, la date de sa fermeture; f) s’agissant d’un compte de dépositaire : (i) le montant brut total des intérêts, le montant brut total des dividendes et le montant brut total des autres revenus générés à l’égard des actifs détenus dans le compte, qui dans chaque cas ont été versés ou crédités au compte (ou au titre du compte) au cours de l’année ou de la période, (ii) le produit brut total de la vente ou du rachat d’actifs financiers qui sont versés ou crédités au compte au cours de l’année ou de la période relativement à laquelle l’institution financière déclarante a agi à titre de dépositaire, courtier, mandataire ou agent du titulaire de compte; g) s’agissant d’un compte de dépôt, le montant brut total des intérêts qui sont versés ou crédités au compte au cours de l’année ou de la période; h) s’agissant d’un compte qui n’est pas visé aux alinéas f) ou g), le montant brut total qui est versé au titulaire de compte ou au titre du compte au cours de l’année ou de la période et dont l’institution financière déclarante est la débitrice, y compris le total des montants remboursés au titulaire de compte au cours de l’année ou de la période. Renseignements déclarés — monnaie
Les renseignements déclarés indiquent la monnaie dans laquelle chaque montant est libellé. Exceptions Timing — determination of balance or value Determination — balance or value NIF et date de naissance
Les règles ci-après s’appliquent relativement à chaque compte déclarable qui est un compte préexistant : a) malgré les alinéas (1)a) et b), le NIF ou la date de naissance n’ont pas à être communiqués si les énoncés ci-après se vérifient à l’égard du NIF ou, le cas échéant, de la date de naissance : (i) ils ne figurent pas dans les dossiers de l’institution financière déclarante, (ii) ils n’ont pas à être recueillis par ailleurs par l’institution financière déclarante en vertu de la Loi; b) une institution financière déclarante est tenue de prendre des mesures raisonnables pour obtenir le NIF et la date de naissance relatifs à un compte préexistant avant la fin de la deuxième année civile qui suit l’année au cours de laquelle ce compte a été identifié comme compte déclarable. Exception
Malgré les alinéas (1)a) et b), le NIF d’une personne devant faire l’objet d’une déclaration n’a pas à être déclaré si, selon le cas : a) la juridiction soumise à déclaration en cause n’émet pas de NIF; b) la juridiction soumise à déclaration en cause n’est pas tenue par ses lois de recueillir le NIF qu’elle a émis. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2016, ch. 12, art. 71. Diligence raisonnable — règles générales 272 (1) Un compte est considéré comme un compte déclarable à partir de la date à laquelle il est identifié comme tel en application des procédures de diligence raisonnable visées au présent article et aux articles 273 à 277. Moment de la détermination du solde ou de la valeur
Le solde ou la valeur d’un compte correspond à son solde ou à sa valeur selon le dernier jour de l’année civile ou d’une autre période de référence adéquate. Détermination du solde ou de la valeur
Aux fins de déterminer si le solde ou la valeur d’un compte dépasse un seuil donné le dernier jour d’une année civile, le solde ou la valeur doit être déterminé selon le dernier jour de la dernière période de déclaration qui se termine à la fin ou au cours de l’année civile. Service provider Optional due diligence procedures Documentation of due diligence procedures Lower value accounts Fournisseurs de services
Une institution financière déclarante peut recourir à des fournisseurs de services pour s’acquitter de ses obligations déclaratives et de diligence raisonnable; toutefois, ces obligations demeurent celles de l’institution financière déclarante. Procédures de diligence raisonnable pour compte préexistant
Une institution financière déclarante peut, relativement à l’ensemble des comptes préexistants ou, séparément, relativement une catégorie clairement identifiée de ces comptes, appliquer : a) les procédures de diligence raisonnable relatives aux nouveaux comptes aux comptes préexistants (les autres règles applicables aux comptes préexistants demeurant en vigueur); b) les procédures de diligence raisonnable relatives aux comptes de valeur élevée aux comptes de faible valeur. Procédures de diligence raisonnable — obligation de documentation
Toute institution financière déclarante établit, tient à jour et documente les procédures de diligence raisonnable visées au présent article et aux articles 273 à 277. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs applicables.] 2016, c. 12, s. 71. Diligence raisonnable — compte de particulier préexistant 273 (1) Un compte de particulier préexistant qui est un contrat d’assurance avec valeur de rachat ou un contrat de rente n’a pas à être examiné, identifié ou déclaré si l’institution financière déclarante est empêchée par la loi de vendre ces contrats aux résidents d’une juridiction soumise à déclaration. Comptes de faible valeur
Les procédures d’examen ci-après s’appliquent relativement à un compte de faible valeur qui est un compte de particulier préexistant : a) si l’institution financière déclarante a dans ses dossiers l’adresse de résidence actuelle du titulaire du compte (appelée résidence de résidence actuelle au présent article) fondée sur une preuve documentaire, elle peut le considérer comme un résident à des fins fiscales de la juridiction dans laquelle se situe l’adresse pour déterminer s’il est une personne devant faire l’objet d’une déclaration; b) si l’institution financière déclarante n’utilise pas une adresse de résidence actuelle pour le titulaire de compte fondée sur une preuve documentaire visée à l’alinéa a), elle examine les données pouvant faire l’objet de recherches par voie électronique qu’elle tient en vue de déceler l’un des indices ci-après et applique les alinéas c) à f) : (i) l’identification du titulaire de compte à titre de résident d’une juridiction soumise à déclaration, (ii) une adresse postale ou de résidence actuelle (y compris une boîte postale) dans une juridiction soumise à déclaration, (iii) un ou plusieurs numéros de téléphone dans une juridiction soumise à déclaration et aucun numéro de téléphone dans la juridiction de l’institution financière déclarante, (iv) un ordre de virement permanent (sauf relativement à un compte de dépôt) sur un compte tenu dans une juridiction soumise à déclaration, (v) une procuration ou délégation de signataire en cours de validité accordée à une personne ayant une adresse dans une juridiction soumise à déclaration, et (vi) si l’institution financière déclarante n’a pas dans ses dossiers d’autre adresse pour le titulaire de compte, une directive d’envoi à garder en instance ou une adresse portant la mention « à l’attention de » dans une juridiction soumise à déclaration; c) si l’examen des données par voie électronique ne révèle la présence d’aucun des indices énumérés à l’alinéa b), aucune nouvelle démarche n’est requise jusqu’à la première en date des dates suivantes : (i) la date à laquelle se produit un changement de circonstances ayant pour conséquence qu’un ou plusieurs des indices mentionnés à l’alinéa b) soient associés au compte, (ii) la date à laquelle le compte devient un compte de valeur élevée; d) si l’examen des données par voie électronique révèle la présence de l’un des indices énumérés aux sous-alinéas b)(i) à (v) ou s’il se produit un changement de circonstances ayant pour conséquence qu’un ou plusieurs des indices visés à l’alinéa b) soient associés au compte, l’institution financière déclarante considère le titulaire de compte comme résident à des fins fiscales de chacune des juridictions soumises à déclaration pour laquelle un indice est identifié, à e) si une directive d’envoi à garder en instance ou une adresse portant la mention « à l’attention de » dans une juridiction soumise à déclaration est relevée lors de l’examen des données par voie électronique et qu’aucune autre adresse ni aucun autre des indices énumérés aux sous-alinéas b)(i) à (v) ne sont relevés pour le titulaire de compte, à moins qu’une des exceptions visées à l’alinéa f) s’applique relativement au compte; e) si l’examen des données par voie électronique révèle une directive d’envoi à garder en instance ou une adresse portant la mention « à l’attention de » dans une juridiction soumise à déclaration et qu’aucune autre adresse ni aucun autre des indices énumérés aux sous-alinéas b)(i) à (v) n’est identifié à l’égard du titulaire de compte, l’institution financière déclarante fait ce qui suit : (i) elle prend au moins l’une des mesures ci-après (si les renseignements pertinents sont alors obtenus) ou les deux (dans l’ordre le plus approprié aux circonstances) : (A) elle effectue la recherche dans les dossiers papier visée à l’alinéa (3)b), (B) elle s’efforce d’obtenir auprès du titulaire de compte une autocertification ou une preuve documentaire établissant la résidence de celui-ci à des fins fiscales, (ii) si la recherche dans les dossiers papier visée à la division (i)(A) ne révèle pas la présence d’un indice et que la tentative d’obtenir l’autocertification ou la preuve documentaire visée à la division (i)(B) échoue, elle déclare le compte comme non documenté; f) malgré la découverte d’un des indices visés à l’alinéa b), une institution financière déclarante n’est pas tenue de considérer un titulaire de compte comme un résident d’une juridiction soumise à déclaration donnée si, à la fois : (i) les deux énoncés ci-après se vérifient : (A) les renseignements sur le titulaire de compte comprennent l’un des éléments suivants : (I) une adresse postale ou de résidence actuelle dans la juridiction soumise à déclaration, (II) un ou plusieurs numéros de téléphone dans la juridiction soumise à déclaration (et aucun numéro de téléphone dans la juridiction de l’institution financière déclarante), (III) un ordre de virement permanent (relativement à un compte financier autre qu’un compte de dépôt) sur un compte tenu dans une juridiction soumise à déclaration, (B) l’institution financière déclarante obtient ou a auparavant examiné les documents ci-après et en conserve une copie : (I) une autocertification auprès du titulaire de compte qui établit les juridictions de résidence du titulaire de compte qui ne comprennent pas la juridiction soumise à déclaration donnée, (II) une preuve documentaire qui établit que le titulaire de compte n’est pas soumis à déclaration relativement à la juridiction soumise à déclaration donnée. (ii) les deux énoncés ci-après se vérifient : (A) les renseignements sur le compte contiennent une procuration ou une délégation de signature en cours de validité accordée à une personne ayant une adresse dans la juridiction soumise à déclaration donnée, (B) l’institution financière déclarante obtient ou a auparavant examiné l’un des documents ci-après et en conserve une copie : (I) une autocertification auprès du titulaire de compte qui établit les juridictions de résidence du titulaire de compte qui ne comprennent pas la juridiction soumise à déclaration donnée, (II) une preuve documentaire qui établit que le titulaire de compte n’est pas soumis à déclaration relativement à la juridiction soumise à déclaration donnée. Procédures d’examen approfondi – compte de valeur élevée
Les procédures d’examen approfondi ci-après s’appliquent relativement à un compte de valeur élevée qui est un compte de particulier préexistant : a) l’institution financière déclarante examine les données qu’elle tient et qui peuvent faire l’objet de recherches par voie électronique en vue de déceler l’un des indices visés à l’alinéa (2)b); b) sous réserve de l’alinéa c), l’institution financière déclarante examine les documents ci-après en vue de déceler l’un des indices visés à l’alinéa (2)b) : (i) le dossier principal actuel du client, (ii) tout document associé au compte et obtenu par l’institution financière déclarante au (i) the account holder’s residence status, cours des cinq années précédentes, s’il ne figure pas au dossier principal actuel du client : (A) la preuve documentaire recueillie le plus récemment concernant le compte, (B) la convention la plus récente ou le document d’ouverture de compte le plus récent, (C) la documentation la plus récente obtenue par l’institution financière déclarante dans le cadre des procédures AML/KYC ou à d’autres fins légales, (D) toute procuration ou délégation de signature en cours de validité, (E) tout ordre de virement permanent (sauf relativement à un compte de dépôt) en cours de validité; c) une institution financière déclarante n’a pas à effectuer les recherches dans les dossiers papier visées à l’alinéa b) si les données qu’elle tient et qui peuvent faire l’objet de recherches par voie électronique comprennent les éléments ci-après : (i) le statut de résidence du titulaire de compte, (ii) l’adresse de résidence et l’adresse postale du titulaire de compte qui figurent au dossier de l’institution financière déclarante, (iii) le numéro de téléphone éventuel du titulaire du compte qui figure au dossier de l’institution financière déclarante; (iv) dans le cas d’un compte financier autre qu’un compte de dépôt, un éventuel ordre de virement permanent depuis le compte vers un autre compte (y compris un compte dans une autre succursale de l’institution financière déclarante ou confié à un chargé de clientèle); (v) une éventuelle adresse portant la mention « envoi à garder en instance » ou « à l’attention de » pour le titulaire de compte; (vi) une éventuelle procuration ou délégation de signature relative au compte; d) en plus des recherches dans les dossiers informatiques et papier visées aux alinéas a) à c), une institution financière déclarante est tenue de traiter comme compte déclarable tout compte de valeur élevée confié à un chargé de clientèle (y compris tout compte Income Tax
Impôt sur le revenu
277) si le chargé de clientèle sait que le titulaire de compte est une personne devant faire l’objet d’une déclaration; e) pour l’application des procédures d’examen approfondi visées aux alinéas a) à d) relativement à un compte de valeur élevée, une institution financière déclarante prend les mesures suivantes : (i) si l’examen approfondi ne révèle la présence d’aucun des indices énumérés à l’alinéa (2)(b) et que l’application de l’alinéa d) ne permet pas d’établir que le compte est détenu par une personne devant faire l’objet d’une déclaration, aucune nouvelle démarche par l’institution n’est requise jusqu’à ce que se produise un changement de circonstances ayant pour conséquence qu’un ou plusieurs indices soient associés au compte, (ii) si l’examen approfondi révèle la présence de l’un des indices énumérés aux sous-alinéas (2)(b)(i) à (v), ou s’il se produit un changement ultérieur de circonstances ayant pour conséquence qu’un ou plusieurs indices soient associés au compte, l’institution financière déclarante traite le compte comme un compte devant faire l’objet d’une déclaration relativement à chaque juridiction soumise à déclaration pour laquelle un indice est identifié, sauf si l’une des exceptions prévues à l’alinéa (2)(f) s’applique relativement au compte, (iii) si l’examen approfondi révèle la présence d’une directive d’envoi à garder en instance ou d’une adresse portant la mention « à l’attention de » et qu’aucune autre adresse ni aucun autre indice visé aux sous-alinéas (2)(b)(i) à (v) n’est identifié pour le titulaire de compte, l’institution financière déclarante : (A) d’une part, obtient du titulaire de compte une autocertification ou une preuve documentaire qui établit la résidence du titulaire de compte à des fins fiscales, (B) d’autre part, si elle ne peut obtenir cette autocertification ou cette preuve documentaire, déclare le compte comme compte non documenté; f) si un compte de particulier préexistant n’est pas un compte de valeur élevée au 30 juin 2017, mais le devient le dernier jour d’une année civile ultérieure, les règles ci-après s’appliquent : (i) l’institution financière déclarante applique les procédures d’examen approfondi visées au présent paragraphe relativement au compte durant l’année Timing of review civile qui suit l’année au cours de laquelle le compte devient un compte de valeur élevée, (ii) si le compte est identifié comme compte déclarable dans le cadre de l’examen visé au sous-alinéa (i), l’institution financière déclarante réalise les renseignements requis sur le compte relativement à l’année durant laquelle il est identifié comme compte déclarable (et pour les années ultérieures sur une base annuelle, à moins que le titulaire du compte cesse d’être une personne devant faire l’objet d’une déclaration); g) une institution financière déclarante ayant appliqué les procédures d’examen approfondi visées au présent paragraphe à un compte de valeur élevée dans une année n’applique pas de nouveau ces procédures — à l’exception de la prise de renseignements auprès du chargé de clientèle visée à l’alinéa d) — au même compte dans une année ultérieure, sauf si le compte n’est pas documenté, auquel cas elle les applique chaque année jusqu’à ce que le compte cesse d’être non documenté; h) s’il se produit, relativement à un compte de valeur élevée, un changement de circonstances ayant pour conséquence qu’un ou plusieurs des indices visés à l’alinéa (2)b) soient associés au compte, une institution financière déclarante considère le compte comme un compte déclarable relativement à chaque juridiction soumise à déclaration pour laquelle un indice est décelé sauf si l’alinéa (2)f) s’applique relativement à ce compte; i) une institution financière déclarante met en œuvre des procédures visant à ce que les chargés de clientèle identifient tout changement de circonstances en relation avec un compte. Délai d’examen
Tout compte de particulier préexistant est examiné conformément aux paragraphes (2) ou (3) : a) soit avant 2019, s’il s’agit d’un compte de valeur élevée; b) soit avant 2020, s’il s’agit d’un compte de faible valeur. Comptes de particuliers préexistants déclarables
Tout compte de particulier préexistant qui a été identifié comme compte déclarable en application du présent article est considéré comme un compte déclarable pour toutes les années ultérieures, sauf si le titulaire Income Tax Sections 273-275 Due diligence — new individual accounts Determination of reportable account Due diligence — preexisting entity accounts Impôt sur le revenu
compte cesse d’être une personne devant faire l’objet d’une déclaration. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2016, ch. 12, art. 71. Diligence raisonnable — nouveaux comptes de particuliers 274 (1) Une institution financière déclarante obtient à l’ouverture d’un nouveau compte de particulier une autocertification (qui peut faire partie des documents relatifs à l’ouverture du compte) lui permettant, à la fois : a) de déterminer l’adresse de résidence à des fins fiscales du titulaire de compte; b) de confirmer la vraisemblance de l’autocertification en tenant compte des renseignements qu’elle a obtenus dans le cadre de l’ouverture du compte, y compris des documents recueillis dans le cadre des procédures AML/KYC. Compte déclarable — détermination
Si l’autocertification obtenue relativement à un nouveau compte de particulier établit que le titulaire du compte est résident à des fins fiscales dans une juridiction soumise à déclaration, les règles ci-après s’appliquent : a) l’institution financière déclarante traite le compte comme un compte déclarable; b) l’autocertification doit également comprendre la date de naissance du titulaire de compte et, sous réserve du paragraphe 271(4), le NIF de celui-ci relativement à cette juridiction soumise à déclaration. Obligation d’obtention — nouvelle autocertification
Si, par suite d’un changement de circonstances relativement à un nouveau compte de particulier, une institution financière déclarante sait ou a des raisons de savoir que l’autocertification originale est inexacte ou non fiable, l’institution financière déclarante, à la fois : a) n’utilise pas cette autocertification; b) obtient une autocertification valide qui précise l’adresse de résidence à des fins fiscales du titulaire de compte. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2016, ch. 12, art. 71. Diligence raisonnable — comptes d’entités préexistants 275 (1) Sauf si une institution financière déclarante fait le choix de procéder autrement, soit relativement à tous Application of subsection (4) Determination of reportable accounts Review procedures — preexisting entity account les comptes d’entités préexistants ou, séparément, relativement à tout groupe de tels comptes clairement identifié, un compte d’entité préexistant dont le solde ou la valeur total n’excède pas 250 000 USD au 30 juin 2017 n’a pas à être examiné, identifié ou déclaré comme compte déclarable tant que son solde ou sa valeur total n’excède pas 250 000 USD le dernier jour d’une année civile ultérieure. Application du paragraphe (4)
Les procédures d’examen prévues au paragraphe (4) s’appliquent relativement à un compte d’entité préexistant dont le solde ou la valeur total excède 250 000 USD à celle des jours ci-après qui est en cause : a) le 30 juin 2017; b) le dernier jour d’une année civile ultérieure. Compte déclarable — détermination
Un compte d’entité préexistant visé au paragraphe (2) est considéré comme un compte déclarable que s’il est détenu : a) soit par une ou plusieurs entités qui sont des personnes devant faire l’objet d’une déclaration; b) soit par des ENF passives dont une ou plusieurs personnes détenant le contrôle sont des personnes devant faire l’objet d’une déclaration. Procédures d’examen — compte d’entité préexistant
En cas d’application du présent paragraphe à un compte d’entité préexistant, une institution financière déclarante applique les procédures d’examen ci-après pour déterminer si le compte est détenu par une ou plusieurs personnes devant faire l’objet d’une déclaration ou par des ENF passives dont une ou plusieurs personnes détenant le contrôle sont des personnes devant faire l’objet d’une déclaration : a) l’institution financière déclarante examine les renseignements obtenus à des fins légales ou de relations avec le client (y compris les renseignements obtenus avec le cadre des procédures AML/KYC) en vue de déterminer s’ils indiquent que le titulaire du compte réside dans une juridiction soumise à déclaration, auquel cas l’institution financière déclarante traite le compte comme un compte déclarable à moins que l’un des énoncés ci-après s’applique : (i) l’institution financière déclarante obtient une autocertification du titulaire de compte pour établir que celui-ci n’est pas une personne devant faire l’objet d’une déclaration, (A) an active NFE, or Timing of review (ii) l’institution financière déclarante détermine avec une certitude raisonnable, sur la base des renseignements en sa possession ou accessibles au public, que le titulaire de compte n’est pas une personne devant faire l’objet d’une déclaration; b) s’agissant d’un titulaire d’un compte préexistant (y compris une entité qui est une personne devant faire l’objet d’une déclaration), l’institution financière déclarante détermine si le titulaire de compte est une ENF passive dont une ou plusieurs personnes détiennent le contrôle sont des personnes devant faire l’objet d’une déclaration et à cet effet : (i) pour déterminer si le titulaire de compte est une ENF passive, l’institution financière déclarante obtient une autocertification du titulaire de compte afin d’établir son statut, sauf si elle détermine avec une certitude raisonnable, sur la base de renseignements en sa possession ou accessibles au public, que le titulaire de compte est : (A) soit une ENF active, (B) soit une institution financière autre qu’une entité visée à l’alinéa b) de la définition de « entité d’investissement » qui n’est pas une institution financière d’une juridiction partenaire, (ii) pour déterminer qui sont les personnes détenant le contrôle d’un titulaire de compte, l’institution financière déclarante peut se fier aux renseignements recueillis et conservés dans le cadre des procédures AML/KYC, (iii) pour déterminer si une personne détenant le contrôle d’une ENF passive est une personne devant faire l’objet d’une déclaration, l’institution financière déclarante peut se fier : (A) soit aux renseignements recueillis et conservés dans le cadre des procédures AML/KYC dans le cas d’un compte d’entité préexistant détenu par une ou plusieurs ENF et dont le solde ou la valeur totale n’excède pas 1 000 000 USD, (B) soit à une autocertification du titulaire de compte ou de la personne détenant le contrôle qui indique la juridiction dans laquelle la personne détenant le contrôle est résidente à des fins fiscales. Délai d’examen
Tout compte d’entité préexistant est examiné conformément aux procédures prévues au paragraphe (4), selon le cas : Change of circumstances Due diligence for new entity accounts a) avant 2020, si le solde ou la valeur total du compte excède 250 000 USD au 30 juin 2017; b) avant la fin de l’année civile qui suit l’année au cours de laquelle le solde ou la valeur total du compte excède 250 000 USD au 31 décembre, si l’alinéa a) ne s’applique pas. Changement de circonstances
Si, par suite d’un changement de circonstances relativement à un compte d’entité préexistant, une institution financière déclarante sait ou a des raisons de savoir que l’autocertification ou un autre document associé au compte est inexact ou non fiable, elle détermine à nouveau le statut du compte conformément au paragraphe (4). (NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.) 2016, ch. 12, art. 71. Diligence raisonnable — nouveaux comptes d’entités 276 Une institution financière déclarante applique les procédures d’examen ci-après à un nouveau compte d’entité pour déterminer si le compte est détenu par une ou plusieurs personnes devant faire l’objet d’une déclaration ou par des ENF passives dont une ou plusieurs personnes détenant le contrôle sont des personnes devant faire l’objet d’une déclaration : a) l’institution financière déclarante fait ce qui suit : (i) elle obtient une autocertification, qui peut faire partie des documents relatifs à l’ouverture du compte, lui permettant de déterminer l’adresse de résidence à des fins fiscales du titulaire du compte et de confirmer la vraisemblance de l’autocertification en s’appuyant sur les renseignements qu’elle a obtenus dans le cadre de l’ouverture du compte, y compris tout document recueilli dans le cadre des procédures AML/KYC, (ii) si l’autocertification mentionnée au sous-alinéa (i) établit que le titulaire de compte est résident d’une juridiction soumise à déclaration, elle traite le compte comme un compte déclarable, sauf si elle détermine avec un degré raisonnable de certitude, sur la base de renseignements en sa possession ou accessibles au public, que le titulaire de compte n’est pas une personne devant faire l’objet d’une déclaration relativement à la juridiction soumise à déclaration; b) s’agissant d’un titulaire d’un nouveau compte d’entité (y compris une entité qui est une personne devant faire l’objet d’une déclaration) l’institution financière déclarante détermine si le titulaire de compte est une ENF passive dont une ou plusieurs personnes (A) an active NFE, or Special due diligence rules détenant le contrôle sont des personnes devant faire l’objet d’une déclaration, auquel cas elle considère le compte comme un compte déclarable et à cette fin : (i) pour déterminer si le titulaire de compte est une ENF passive, l’institution financière déclarante obtient une autocertification du titulaire de compte afin d’établir son statut, sauf si elle des renseignements en sa possession ou accessibles au public lui permettent de déterminer avec une certitude raisonnable que le titulaire de compte est : (A) soit une ENF active, (B) soit une institution financière autre qu’une entité qui : (I) d’une part, est une entité d’investissement par l’effet de l’alinéa b) de cette définition, (II) d’autre part, n’est pas une institution financière d’une juridiction partenaire, (ii) pour déterminer les personnes détenant le contrôle d’un titulaire de compte, l’institution financière déclarante peut se fier aux renseignements recueillis et conservés dans le cadre des procédures AML/KYC, (iii) pour déterminer si une personne détenant le contrôle d’une ENF passive est une personne devant faire l’objet d’une déclaration, l’institution financière déclarante peut se fier à une autocertification du titulaire de compte ou de la personne détenant le contrôle. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir lois et règlements modificatifs appropriés.] 2016, ch. 12, art. 71. Diligence raisonnable — règles spéciales 277 (1) Une institution financière déclarante ne peut se fier à une autocertification ou à une preuve documentaire si elle sait ou a des raisons de savoir que l’autocertification ou la preuve est inexacte ou non fiable. Exception — bénéficiaire recevant une prestation de décès
Une institution financière déclarante peut présumer que la personne physique (autre que le propriétaire) bénéficiaire d’un contrat d’assurance avec valeur de rachat ou d’un contrat de rente qui reçoit une prestation de décès n’est pas une personne devant faire l’objet d’une déclaration et peut considérer le compte financier comme un compte autre qu’un compte déclarable, sauf si elle sait
For the purposes of (B) allow account balances or values to be aggregated, and Dealer accounts
Subsection (5) ou a des raisons de savoir que le bénéficiaire est une personne devant faire l’objet d’une déclaration. Règles d’agrégation — comptes financiers
Les règles ci-après s’appliquent aux fins suivantes : a) pour déterminer le solde ou la valeur total des comptes financiers détenus par un particulier ou une entité : (i) une institution financière déclarante agrège les comptes financiers tenus par elle ou par une entité liée, mais uniquement dans la mesure où ses systèmes informatiques, à la fois : (A) établissent un lien entre ces comptes grâce à une donnée telle que le numéro de client ou le NIF, (B) permettent l’agrégation des soldes ou des valeurs de ces comptes, (ii) chaque titulaire d’un compte financier conjoint se voit attribuer le solde ou la valeur de ce compte; b) pour déterminer le solde ou la valeur total des comptes financiers détenus par un particulier dans le but d’établir si un compte financier est un compte de valeur élevée, une institution financière déclarante — lorsqu’un chargé de clientèle sait ou a des raisons de savoir que ces comptes appartiennent directement ou indirectement au même particulier ou qu’ils sont contrôlés ou ont été ouverts par le même particulier (sauf en cas d’ouverture à titre de fiduciaire) — agrège les soldes de ces comptes. Comptes de courtiers
Le paragraphe (5) : a) d’une part, s’applique à une institution financière déclarante relativement à un compte de nom de client qu’elle tient si, à la fois : (i) les biens portés au compte sont également portés à un compte financier (appelé compte connexe au présent paragraphe et au paragraphe (5)) tenu par une institution financière (appelée courtier au présent paragraphe et au paragraphe (5)) et qui est autorisée en vertu de la législation provinciale à faire l’une ou l’autre des activités suivantes : (A) à se livrer au commerce des valeurs mobilières ou d’autres instruments financiers, Dealer accounts (ii) name beneficiaries for the benefit payable upon the employee’s or certificate holder’s death; and (B) à fournir des services de gestion de portefeuille ou de conseils en placement, (ii) le courtier a fait savoir à l’institution financière si le compte connexe est un compte déclarable; b) d’autre part, ne s’applique pas si l’institution financière peut raisonnablement conclure que le courtier ne s’est pas conformé aux obligations qui lui sont imposées en vertu de la présente partie. Comptes de courtiers
En cas d’application du présent paragraphe à une institution financière déclarante relativement à un compte de nom de client : a) les articles 272 à 276 ne s’appliquent pas à l’institution financière relativement au compte; b) l’institution se fie à la détermination faite par le courtier relativement au compte connexe pour déterminer si ce compte est un compte déclarable. Assurance et rentes de groupe
Une institution financière déclarante peut considérer qu’un compte financier qui correspond à la participation d’un membre à un contrat d’assurance de groupe avec valeur de rachat ou un contrat de rente de groupe est un compte financier non déclarable jusqu’à la date à laquelle une somme devient à payer à l’employé, au titulaire de certificat ou au bénéficiaire, si ce compte financier satisfait aux conditions suivantes : a) le contrat d’assurance de groupe avec valeur de rachat ou le contrat de rente de groupe est conclu avec un employeur et couvre au moins 25 employés ou titulaires de certificat; b) les employés ou titulaires de certificat ont les droits suivants : (i) de recevoir des prestations correspondant à leurs participations en vertu du contrat, (ii) de désigner des bénéficiaires des prestations payables au décès de l’employé ou du titulaire; c) la somme totale payable à un employé, titulaire de certificat ou bénéficiaire ne dépasse pas 1 000 000 USD. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2016, c. 12, art. 71. Electronic filing Form of records Retention of records Déclaration 278 (1) Toute institution financière déclarante présente au ministre, avant le 2 mai de chaque année civile, une déclaration de renseignements sur le formulaire prescrit concernant chaque compte déclarable tenu par elle au cours de l’année civile précédente et après le 30 juin 2017. Transmission électronique
La production de la déclaration de renseignements visée au paragraphe (1) se fait par transmission électronique. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2016, ch. 12, art. 71. Tenue de registres 279 (1) L’institution financière déclarante tient, à son lieu d’affaires ou à tout autre lieu désigné par le ministre, les registres qu’elle obtient ou crée pour se conformer à la présente partie, notamment les autocertifications et les registres de preuves documentaires. Forme des registres
L’institution financière déclarante qui tient des registres, comme l’en oblige la présente partie, par voie électronique doit les conserver sous une forme électronique intelligible pendant la période mentionnée au paragraphe (3). Période minimale de conservation
L’institution financière déclarante qui tient, obtient ou crée des registres, comme l’en oblige la présente partie, doit les conserver pendant une période minimale de six ans suivant : a) dans le cas d’une autocertification, le dernier jour où un compte financier connexe est ouvert; b) dans les autres cas, la fin de la dernière année civile à laquelle le registre se rapporte. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2016, ch. 12, art. 71. Anti-évitement 280 La personne qui conclut une entente ou se livre à une pratique dont il est raisonnable de considérer que l’objet principal consiste à éviter une obligation prévue par la présente partie est assujettie à l’obligation comme si elle n’avait pas conclu l’entente ou ne s’était pas livrée à la pratique. [NOTE: Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2016, ch. 12, art. 71. Production of TIN Income Tax
PART XX Definitions (b) have reportable sellers. (opérateur de plateforme exclu) Impôt sur le revenu
Règles de déclaration pour les opérateurs de plateformes numériques Définitions 282 (1) Les définitions qui suivent s’appliquent à la présente partie. activité visée Désigne selon le cas : a) un service visé; b) la vente de biens moyennant le versement d’une rémunération. (relevant activity) adresse principale a) Relativement à un vendeur qui est un individu (sauf une fiducie), l’adresse de la résidence principale du vendeur; b) relativement à un vendeur qui est une entité, l’adresse du siège social du vendeur. (primary address) bien Tout bien tangible ou, pour l’application du droit civil, tout bien corporel. (goods) biens immobiliers Bien immeuble ou réel. (immovable property) entité S’entend au sens du paragraphe 270(1). (entity) identifiant de compte financier Le numéro d’identification ou la référence unique du compte bancaire ou d’un autre compte de paiement connu de l’opérateur de plateforme sur lequel la rémunération est versée ou créditée. (financial account identifier) juridiction partenaire Toute juridiction qui est désignée à titre de juridiction partenaire par le ministre sur le site Internet de l’Agence du revenu du Canada ou par tout autre moyen qu’il estime indiqué. (partner jurisdiction) juridiction soumise à déclaration a) Relativement à un opérateur de plateforme soumis à déclaration conformément à l’alinéa a) de la définition de opérateur de plateforme soumis à déclaration, le Canada et toute juridiction partenaire; b) dans les autres cas, le Canada. (reportable jurisdiction) lot Comprend tous les biens immobiliers situés à la même adresse et mis en location sur une plateforme par le même vendeur. (property listing) monnaie fiduciaire Monnaie qui est émise par un pays et qui a cours légal. (fiat currency) NIF a) Le numéro qui est utilisé par le ministre pour identifier une personne physique ou une entité, y compris les numéros suivants : (i) un numéro d’assurance sociale, (ii) un numéro d’entreprise, (iii) un numéro de compte d’une fiducie; b) relativement à une juridiction autre que le Canada, le numéro d’identification fiscale, y compris un numéro d’immatriculation à la TVA/TPS, délivré par la juridiction ou toute autre autorité principale du revenu, ou un équivalent fonctionnel en l’absence de numéro d’identification fiscale. (TIN) opérateur de plateforme Tout entité qui contrôle ou est responsable de la mise en relation des utilisateurs avec des vendeurs dans le but de mettre tout ou partie d’une plateforme à la disposition de ces vendeurs. (platform operator) opérateur de plateforme exclu S’entend d’un opérateur de plateforme qui démontre, si le ministre est convaincu, que le modèle économique de la plateforme est tel qu’il, selon le cas : a) n’autorise pas les vendeurs à retirer un bénéfice de la rémunération; b) n’a pas de vendeurs soumis à déclaration. (excluded platform operator) opérateur de plateforme soumis à déclaration Tout opérateur de plateforme, autre qu’un opérateur de plateforme exclu, qui selon le cas : a) réside au Canada; b) est résident, constitué ou dirigé dans une juridiction partenaire, facilite la prestation d’activités visées par des vendeurs résidents du Canada ou concernant la location d’un bien immobilier situé au Canada et fait le choix d’être un opérateur de plateforme soumis à déclaration; c) ne réside pas au Canada ou dans une juridiction partenaire et facilite la prestation d’activités visées par Income Tax
(c) redirecting or transferring of users to a platform. (plateforme) platform operator means an entity that contracts with sellers to make available all or part of a platform to such sellers. (opérateur de plateforme) (a) a relevant service; or (b) the sale of goods for consideration. (activité visée) (a) the rental of real or immovable property; (b) a personal service; (d) a prescribed service. (service visé) (b) in any other case, Canada. (juridiction soumise à déclaration) (a) be resident in a reportable jurisdiction; Impôt sur le revenu
des vendeurs résidents du Canada ou concernant la location d’un bien immobilier situé au Canada. (reporting platform operator) période de déclaration Année civile au cours de laquelle un opérateur de plateforme est un opérateur de plateforme soumis à déclaration. (reportable period) plateforme S’entend de tout logiciel, y compris un site web ou une partie d’un site web et des applications, y compris des applications mobiles, accessible aux utilisateurs et qui permet à des vendeurs de se connecter à d’autres utilisateurs afin de leur fournir, directement ou indirectement, des services visés ou de leur vendre des biens (y compris la collecte et le paiement d’une rémunération au titre d’activités visées), mais n’inclut pas un logiciel dont la fonction exclusive, sans intervention supplémentaire dans la fourniture de services visés ou la vente de biens, consiste à, selon le cas : a) traiter des paiements en lien avec des activités visées; b) répertorier ou promouvoir des activités visées; c) rediriger ou transférer des utilisateurs vers une plateforme. (plateforme) rémunéré Indemnité, sous quelque forme que ce soit, payée ou créditée à un vendeur en lien avec des activités visées, et dont le montant est connu ou peut être raisonnablement connu de l’opérateur de plateforme. (consideration) service personnel Service comportant un travail, en temps ou en tâches, accompli par un ou plusieurs particuliers à la demande d’un utilisateur, sauf si ce travail est purement accessoire à la transaction dans son ensemble, mais n’inclut pas le service fourni par un vendeur en vertu d’une relation d’emploi avec l’opérateur de plateforme ou avec une entité liée (au sens du paragraphe 270(1)) à l’opérateur de plateforme. (personal service) service public de vérification Processus électronique qu’une juridiction soumise à déclaration met à la disposition d’un opérateur de plateforme dans le but de vérifier l’identité et la résidence d’un vendeur. (government verification service) service visé Si une rémunération est prévue en contrepartie, le cas : a) la location d’un bien immobilier; b) un service personnel; c) la location d’un moyen de transport; (vendeur soumis à déclaration) (opérateur de plateforme soumis à déclaration) (i) a social insurance number, (ii) a business number, and d) un service visé par règlement. (relevant service) vendeur Utilisateur d’une plateforme qui est enregistré à un moment donné de la période de déclaration sur la plateforme aux fins de la prestation de services visés ou la vente de biens. (seller) vendeur actif Tout vendeur qui rend des services visés ou qui vend des biens au cours de la période de déclaration ou à qui une rémunération est payée ou créditée en lien avec des activités visées au cours de la période de déclaration. (active seller) vendeur exclu Tout vendeur qui, selon le cas : a) est une entité pour laquelle l’opérateur de plateforme a facilité la fourniture de plus de 2 000 services visés de location d’un bien immobilier au titre d’un lieu situé dans une juridiction soumise à déclaration; b) est une entité gouvernementale (au sens du paragraphe 270(1)); c) est une entité dont les actions font l’objet de transactions régulières sur un marché boursier réglementé (au sens du paragraphe 270(1)), ou une entité liée (au sens du paragraphe 270(1)) à une entité dont les actions font l’objet de transactions régulières sur un marché boursier réglementé; d) est un vendeur pour lequel l’opérateur de plateforme a uniquement facilité la réalisation de moins de 30 activités visées au titre de la vente de biens, et dont la rémunération payée ou créditée n’a pas dépassé 2 800 $ au cours de la période de déclaration. (excluded seller) vendeur soumis à déclaration S’entend d’un vendeur actif, autre qu’un vendeur exclu, si l’opérateur de plateforme détermine, selon les procédures de diligence raisonnable visées aux articles 283 à 287 : a) soit qu’il est un résident d’une juridiction soumise à déclaration; b) soit qu’il a rendu des services visés au titre de la location d’un bien immobilier situé dans une juridiction soumise à déclaration; c) soit qu’une rémunération lui a été payée ou créditée en lien avec des services visés rendus au titre de la location d’un bien immobilier situé dans une juridiction soumise à déclaration. (reportable seller) Interpretation Excluded seller Excluded seller — entity Seller information — individual (a) the first and last name of the individual; (d) the date of birth of the individual. Seller information — entity (a) the legal name of the entity; (d) the business registration number of the entity. TIN collection
Notwithstanding paragraphs (1)(c) and (2)(c) and (d), the TIN or the business registration number, respectively, are not required to be collected if Verification of seller information Due diligence Residence Due diligence Previous due diligence Active sellers Partner jurisdiction Vendeurs actifs 289 Un opérateur de plateforme soumis à déclaration peut choisir de n’appliquer les procédures de diligence raisonnable visées aux articles 283 à 288 qu’aux vendeurs actifs. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] : 2023, ch. 26, art. 78. Diligence raisonnable par des tiers 290 (1) Un opérateur de plateforme soumis à déclaration peut avoir recours à un prestataire de services tiers pour accomplir les obligations de diligence raisonnable visées aux articles 291 et 292, étant entendu cependant que le respect desdites obligations demeure de sa responsabilité. Jurisdiction partenaire
Lorsqu’un opérateur de plateforme s’acquitte des obligations de diligence raisonnable pour un opérateur de plateforme soumis à déclaration associé à la même plateforme en vertu du paragraphe (1), cet opérateur de plateforme peut mettre en œuvre les procédures de diligence raisonnable conformément aux règles sensiblement similaires en vigueur dans la juridiction partenaire dont il est établi. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] : 2023, ch. 26, art. 78. Déclaration au ministre 291 (1) Un opérateur de plateforme soumis à déclaration doit déclarer au ministre les informations énumérées à l’article 292 concernant la période de déclaration, au plus tard le 31 janvier de l’exercice suivant l’année civile pendant laquelle le vendeur est considéré comme un vendeur soumis à déclaration. Déclaration au vendeur
Un opérateur de plateforme soumis à déclaration doit communiquer les informations indiquées à l’article 292 au vendeur soumis à déclaration auquel elles se rapportent, au plus tard le 31 janvier de l’exercice suivant l’année civile pendant laquelle le vendeur est considéré comme un vendeur soumis à déclaration. Déclaration non obligatoire
Malgré les paragraphes (1) et (2), l’opérateur de plateforme soumis à déclaration n’est pas tenu de déclarer au ministre les informations concernant le vendeur soumis à déclaration ni de les mettre à disposition du vendeur lorsque ledit opérateur a obtenu des garanties Income Tax Sections 291-292 Electronic filing Impôt sur le revenu
suffisantes sur le fait qu’un autre opérateur de plateforme s’acquitte des obligations déclaratives prévues au présent article et à l’article 292 : a) soit relatives au dit vendeur soumis à déclaration en vertu des règles en vigueur au Canada; b) soit relatives au dit vendeur soumis à déclaration, autre qu’un vendeur soumis à déclaration résident du Canada, en vertu de règles sensiblement similaires dans une juridiction partenaire. Déclaration
Un opérateur de plateforme soumis à déclaration déclare les informations recueillies en vertu du présent article selon le formulaire prescrit. Transmission électronique
La production des informations recueillies en vertu du présent article se fait par transmission électronique. Monnaie
Les informations relatives à la rémunération payée ou créditée dans une monnaie fiduciaire doivent être déclarées dans la monnaie dans laquelle elle a été payée ou créditée. Si la rémunération a été payée ou créditée sous une forme autre qu’une monnaie fiduciaire, elle doit être déclarée dans la monnaie locale du Canada, convertie ou évaluée selon des modalités déterminées par l’opérateur de plateforme soumis à déclaration de manière uniforme. Déclaration au titre du trimestre
Les informations relatives à la rémunération et à d’autres montants doivent être déclarées au titre du trimestre pendant lequel la rémunération a été payée ou créditée. [NOTE : Les dispositions d’application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] 2023, ch. 26, art. 78. Informations à déclarer 292 Chaque opérateur de plateforme soumis à déclaration doit déclarer les informations suivantes : a) le nom, l’adresse du siège social et le NIF de l’opérateur de plateforme soumis à déclaration, ainsi que les raisons sociales des plateformes pour lesquelles l’opérateur établit sa déclaration; b) concernant chacun des vendeurs soumis à déclaration qui ont rendu des services visés (autres que la location de biens immobiliers), loué un moyen de transport ou vendu des biens : (i) les éléments d’information recueillis conformément à l’article 284, Production of TIN Form of records Retention of records SCHEDULE (Subsection 181(1)) Ally Credit Canada Limited/Ally Crédit Canada Limitée Bombardier Capital Ltd. Canaccord Capital Credit Corporation/Corporation de crédit Canaccord capital Canaccord Financial Holdings Inc./Corporation financière Canaccord Inc. Citi Cards Canada Inc./Cartes Citi Canada Inc. CitiFinancial Canada East Corporation/CitiFinancière, corporation du Canada Est CitiFinancial Canada, Inc./CitiFinancière Canada, Inc. Citigroup Finance Canada Inc. Crédit Industriel Desjardins CU Credit Inc. Ford Credit Canada Company/Compagnie Crédit Ford du Canada Hudson’s Bay Company Acceptance Limited John Deere Credit Inc./Crédit John Deere Inc. PACCAR Financial Ltd./Compagnie Financière Paccar Ltée Paradigm Fund Inc./Le Fonds Paradigm Inc. Prêts étudiants Atlantique Inc./Atlantic Student Loans Inc. State Farm Finance Corporation of Canada/Corporation de Crédit State Farm du Canada Trans Canada Credit Corporation Trans Canada Retail Services Company/Société de services de détails trans Canada Wells Fargo Financial Canada Corporation Trans Canada Retail Services Company/Société de services de détails trans Canada Wells Fargo Financial Canada Corporation [NOTE: Les dispositions d'application ne sont pas incluses dans la présente codification; voir les lois et règlements modificatifs appropriés.] ; 2013, ch. 34, art. 366; 2023, ch. 26, art. 79. Income Tax RELATED PROVISIONS — 2004, c. 24, s. 26, as amended by 2006, c. 1, s. 1 Review — 2005, c. 30, s. 6 — 2006, c. 4, s. 177(2) Impôt sur le revenu DISPOSITIONS CONNEXES — 2004, ch. 24, art. 26, modifié par 2006, ch. 1, art. 1 Examen 26 Dans les deux ans qui suivent l’entrée en vigueur du présent article, le comité du Sénat et le comité de la Chambre des communes habituellement chargés des questions électorales examinent à fond les modifications apportées par la présente loi et déposent devant leur chambre respective un rapport où sont consignées leurs recommandations. — 2005, ch. 30, art. 6 6 Pour l’application de l’article 118.1 de la même loi, le particulier qui fait un don après 2004 et avant le 12 janvier 2005 est réputé l’avoir fait au cours de son année d’imposition 2004 et non au cours de son année d’imposition 2005 si, à la fois : a) il demande, au titre du don, une déduction en vertu du paragraphe 118.1(3) de la même loi pour son année d’imposition 2004; b) le don a été fait à un organisme de bienfaisance enregistré désigné dans le cadre du Programme d’assistance humanitaire internationale de l’Agence canadienne de développement international; c) le particulier a demandé à l’organisme de bienfaisance d’affecter le don aux secours aux sinistrés du tsunami; d) le don a été fait en espèces ou par chèque, carte de crédit ou mandat-poste. — 2006, ch. 4, par. 177(2) 177 (2) Le paragraphe (1) s’applique aux paiements en trop qui sont réputés se produire au cours des mois postérieurs à juin 2007. En ce qui concerne les paiements en trop qui sont réputés se produire au cours des mois postérieurs à juin 2006 et antérieurs à juillet 2007, l’élément D de la formule figurant au paragraphe 122.61(1) de la même loi est réputé avoir le libellé suivant : D représente le produit de 249 $ par le nombre de personnes à charge admissibles qui ont atteint l’âge de 6 ans, mais non l’âge de 7 ans, avant le mois, à l’égard desquelles la personne est un particulier admissible au début du mois, 2006, c. 9, s. 108(4.1) 2007, c. 16, s. 3 2009, c. 2, s. 81 (b) satisfies conditions in subsection 146.4(2) of the Income Tax Act; (d) is the making of any contribution to the registered disability savings plan; 2020, c. 6, s. 7 Income Tax RELATED PROVISIONS — 2020, c. 11, s. 10 — 2021, c. 23, ss. 24(32.1) and (32.2) — 2022, c. 10, s. 15(3) Impôt sur le revenu DISPOSITIONS CONNEXES peut prélever sur le Trésor toute somme à payer à une personne ou à une société de personnes, selon les échéances et les modalités qu’il estime indiquées. — 2020, ch. 11, art. 10 Prélèvement sur le Trésor 10 Toute somme à payer par le ministre de l’Emploi et du Développement social relativement à la mise en œuvre d’un programme prévoyant le versement d’un paiement unique aux personnes handicapées pour des raisons liées à la maladie à coronavirus 2019 (COVID-19), notamment les frais administratifs, est prélevée sur le Trésor. — 2021, ch. 23, par. 24(32.1) et (32.2) (32.1) Le ministre des Finances établit un rapport dans lequel il propose des mesures visant à : a) empêcher, pour la période postérieure au dépôt du rapport conformément au paragraphe (32.2), les sociétés cotées en bourse et leurs filiales de verser des dividendes ou de racheter leurs propres actions alors qu’elles touchent la Subvention salariale d’urgence du Canada; b) recouvrer, pour la période antérieure au dépôt du rapport conformément au paragraphe (32.2), les sommes qui ont été payées au titre de la subvention salariale aux sociétés et aux filiales de celles-ci qui ont versé des dividendes ou racheté leurs propres actions alors qu’elles touchaient la Subvention salariale d’urgence du Canada. (32.2) Le ministre des Finances fait déposer le rapport devant chaque chambre du Parlement dans les trente jours qui suivent la date de sanction de la présente loi ou, si la chambre ne siège pas, dans les quinze premiers jours de séance ultérieurs. — 2022, ch. 10, par. 15(3)
Avant 2026, le contribuable peut faire un choix dans un document présenté au ministre du Revenu national d’inclure le revenu visé à l’alinéa b.01) de la définition de revenu gagné au paragraphe 146(1) de la même loi, et que le contribuable a reçu après 2010 et avant 2021, pour le calcul du maximum déductible au titre des REER, au sens de ce paragraphe, à partir de la date où le choix est présenté.
Pour déterminer si la condition de l’alinéa 93.3(2)e) de la même loi, tel que modifié par le paragraphe (4), est remplie à un moment donné à compter du 1er janvier 2022, si une société non-résidente a un droit de bénéficiaire dans une fiducie résidant en Inde au début du jour le 1er janvier 2022, la société non-résidente est réputée avoir acquis un droit de bénéficiaire dans la fiducie pour la première fois à ce moment. AMENDMENTS NOT IN FORCE — 2023, c. 26, s. 660 — 2023, c. 26, s. 661 — 2024, c. 17, s. 170 — 2024, c. 20, par. 214(1)(g) (i) subparagraph 241(4)(d)(vi), and — 2024, c. 20, par. 216(1)(g) (i) subparagraph 241(4)(d)(vi),